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REPORT OF THE RECONSTRUCTION FINANCE CORPORATION FOR
THE THIRD QUARTER OF 1!)38, AND FOR THE PERIOD FROM
FEBRUARY 2, 1932, TO SEPTEMBER 30, 1938, INCLUSIVE
LETTER FROM THE CHAIRMAN, RECONSTRUCTION FINANCE
CORPORATION TRANSMITTING A REPORT OF THE RECONSTRUCTION FINANCE CORPORATION COVERING ITS OPERATIONS FOR
THE THIRD QUARTER OF 1938, AND FOR THE PERIOD FROM THE
ORGANIZATION OF THE CORPORATION ON FEBRUARY 2, 1932,
TO SEPTEMBER 30, 1938, INCLUSIVE

JANUARY

3, 1939.-Referred to the Committee on Banking and Currency and
ordered to be printed
RECONSTRUCTION FINANCE CORPORATION,

Washington, December 22, 1938 . .

The

SPEAKER OF THE HousE OF REPRESENTATIVES:

Sm: Pursuant to the provisions of section 15 of the Reconstruction
Finance Corporation Act, as amended, the Reconstruction Finance
Corporation has the honor to submit the following report covering
its operations for the third quarter of 1938, and for the period from
the organization of the Corporation on February 2, 1932, to September 30, 1938, inclusive.
OPERATIONS-THIRD QUARTER OF 1938

During the third quarter of 1938, the operations of the Corporation
were as follows:
Under section 5 of the Reconstruction Finance Corporation · Act,
as amended, 25 loans were authorized, which, together with increases
in loans previously approved, aggregated $81,141,390.18, as follows:
$2,418,978.09 to banks and trust companies (including $2,368,978.09
to aid in the reorganization or liquidation of closed banks); $495,000
to building and loan associations; $46,544,000 to mortgage loan
companies; $210,412.09 to a joint-stock land bank; and $31,473,000
to railroads (including $1,100,000 to trustees of a railroad; a purchase
of $13,500,000 of securities of a railroad; and $5,000,000 representing
·
guaranty of notes of a railroad)
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, the Corporation made 1,949 authorizations to business
~n~rprises These authorizations, together with increases in authorizations previously made, aggregated $56,320,093.32, as follows:
Loans, $34,839,393.34; purchases of participations and agreements to
purchase participations, $21,480,699.98.
1

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Reconstruction Finance Corporation"Yc:t,

RI<JPOR'l' OF RECONSTRUCTION FINANCE CORPORATION

Under section 5d of the
as amt;nded, 58 loans to public agencies to ~i1 in financing PJ;Pje_ct~
authorized under Federal, State, or murucipal law, agg~tmg.
$34,814,000, were authorized.
Under section 5e of the Reconstruction Finance Corporation Act,.,
as amended, six loans on the assets of closed banks and trust companies
aggregating $138,568, were authorized.
Under the Emergency Relief and Construction Act of 1932, as
a.mended, two loans were authorized, aggregatin~ $30,125,000, as
follows: Under section 201 (a), title II, one loan m the amount of
$125,000; and under section 201 (c), title II, one loan in the amount
of $30,000,000.
Under section 304, title III, of the act approved March 9, 1933, as
amended, the Corporation made 11 authorizations, which, together
with an increase in an authorization previously approved, aggregated
$1,735,325, as follows: Subscriptions for preferred stock of banks and
trust companies, $1,659,700; and an increase in a purchase of debentures of a bank, $75,625.
Under section 36, title II, of the Emergency Farm Mortgage Act
of 1933, as amended, 48 loans to or for the benefit of drainage, levee,
irrigation, and similar districts, etc., aggregating $2,420,601.11, were
authorized.
Under section 14 of the act approved June 19, 1934, as amended,
which empowers the Corporation to make mining loans, etc., four
loans aggregating $205,000 were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, as
amended, a total of $30,000,000 was authorized, representing increases
in a loan previously approved.
Summarizing the foregoing, 2,103 authorizations were made during
the third quarter of 1938. These, together with increases in authorizations previously made, aggregated $236,899,977.61. Cancelations
or withdrawals of authorizations made during the third quarter and
previously, aggregated $285,786,836.02.
Disbursements during the third quarter of 1938 were$97,284,919.95;
and repayments, $104,624,746.46. The decrease in the amount outstanding on September 30, 1938, as compared with June 30, 1938,
was $7,339,826.51.
OPERATIONS-FEBRUARY 2 1 1932 1 TO SEPTEMBER 80, 1988 1 INCLUSIVE

During the entire period from the organization of the Corporation
on February 2, 1932, to September 30, 1938, inclusive, the following
were authorized:
Under section 5 of the Reconstruction Finance Corporation Act,
as amended, 19,624 loans to 9,125 institutions, aggregating $4,689,564,076.77, were authorized, as follows: $2,454,219,828.83 to 7,346
banks and trust companies (including $1,119,456,675.18 to aid in the
reorganization or liquidation of closed banks); $148,940,199.40 to
1,014 building and loan associations (including $25,141,957.84 to
receivers of closed building and loan associations); $104,039,750.19
to 133 insurance companies; $607,859,897.68 to 420 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 m the same aggregate amount);

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Rl<:POHT OF HEl'O:-.STHCCTIO~ FI:-.A~CE com•oHATIO~

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$28 681,984.77 to 27 joint-stock land banks; $9,250,000 to 8 Federai intermediate credit banks; $6,120,867.59 to 20 agricultural
credit corporations; $178,840,452.48 (rediscounts) to 12 regional
.agricultural credit co~porations ~nd their branches; $14,511,?27.88
to 19 livestock credit corporations; $722,897,295 to 77 railroads
(including $18,946,708 to railroad re~eivers; $11,119,252 to truste~s
of railroads; and $5,000,000 representrn~ guaranty of notes of a railroad); $26,089.27 to 7 processors or distributors to pay processing
taxes; $13,087,715.88 to a _State fun~ created for the purpose of
insuring repayment of deposits of pubhc moneys; and $809,700 to 22
borrowers engaged in the fishing industry.
Under section 5c of the Reconstruction Finance Corporation Act,
as amended, five subscriptions for capital stock of three mortgage loan
companies aggregating $37 ,2:i0,000, were authorized.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 6,093 authorizations to 5,289 business enterprises, aggregating $257,569,959.80, were made as follows: Loans in the amount o(
$204,704,034.44 (including $3,658,032.66 of participations sold, or to be:
sold) to 4,286 businesses; purchases of participations and agreements to
purchase participations in the amount of $52,865,925.36 in loans to
1,003 businesses.
Under section 5d of the Reconstruction Finance Corporation Act,
as amended, 67 loans aggregating $41,141,491.81 to 54 public agencies
to aid in financing projects authorized under Federal, State, or municipal law, were authorized.
Under section 5e of the Reconstruction Finance Corporation Act, as
amended, 194 loans aggregating $88,986,505.98 on the assets of 186
closed banks and trust companies, were authorized.
Under the Emergency Relief and Construction Act of 1932, as
amended, 841 authorizations to 336 applicants, aggregating $2,484,687,852.85, were made as follows: Under section 1, title I, $300,000,000
was made available to 42 States and 2 Territories for purposes of relief
and work relief; under section 201 (a), title II, as amended, loans or
contracts aggregating $400,092,487.36 were authorized to 176 applicants for self-liquidating projects, and loans aggregating $10,450,232.20 were authorized to six applicants for financing the repair or
reconstruction of buildings damaged by earthquake, fire, tornado, or
cyclone in 1933; under section 201 (c), tit.le II, loans aggregating
$83,370,955.22 were authorized to four applicants for the purpose of
financing sales in foreign markets of agricultural surpluses; and under
section 201 (d), title II, loans aggregating $1,690,774,178.07 were
authorized to 106 applicants to aid in financing the carrying and
orderly marketing of agricultural commodities and livestock, produced in the United States (including authorizations of $1,604,712,664.99 to the Commodity Credit Corporation).
Under section 304, title III, of the act approved March 9, 1933, as
amended, 8,610 loans on and subscriptions for preferred stock, and
purcliases of capital notes or debentures, of 6,843 banks and trust companies, aggregating $1,298,064,914, were authorized, as follows: 1,120
loans secured by preferred stock of banks and trust companies,
$23,274,755; 4,358 subscriptions for preferred stock of banks and
trust companies, $841,253,184; and 3,132 purchases of capital notes or
debentures of banks and trust companies, $433,536,975.
Under section ,5, title I, of the Agricultural Adjustment Act of 1933,
as amended, two loans to the Secretary of Agriculture to acquire cotton,

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REPORT OF RrnCONS'rRuCTION FINANCE CORPORATION

•·

aggregating $23,500,000, were authorized. Of this amount $20,200,000
was canceled.
Under section 36, title II, of the Emergency Farm Mortgage Act of
1933, as amended, 1,021 loans to or for the benefit of 625 drainage,
levee, irrigation, and similar districts, etc., aggregating $140,704,668.08, were authorized.
Under section 1 of the act approved June 10, 1933, as amended, 1
subscription for, and 11 loans on, the preferred stock of 10 insurance
companies, aggregating $34,375,000, were authorized, as follows: Loans
secured by preferred stock of 9 insurance companies, $34,275,000;
and a subscription for preferred stock of 1 msurance company,
$100,000 ..
Under the act approved April 13, 1934, as amended, 705 loans to
667 borrowers to finance the repair of damage by earthquake, flood, or
other catastrophe, aggregating $5,734,288.75, were authorized.
Under section 14 of the act approved June 19, 1934, as amended,
141 loans to 123 borrowers engaged in the business of mining, milling,
or smelting of ores, ete., aggregating $12,355,500, were authorized.
Under section 16 of the act approved June 19, 1934, as amended,one
loan of $22,500,000 for the purpose of payment of teachers' salaries
was authorized. Of this amount $200,000 was canceled.
Under the act approved August 24, 1935, 28 loans to 26 tax-supported public-school districts or other similar public-school authorities in charge of public schools, aggregating $2,006,800, were authorized.
Under section 3 (a) of the Rural Electrification Act of 1936, as
amended, one loan in the amount of $76,500,000 was authorized.
Summarizing the foregoing, authorizations aggregating $9,214,941,058.04 were made during the period from February 2, 1932, to September 30, 1938, inclusive. Of this amount, $2,065,442,742.92 was
later withdrawn or canceled and $6,798,908,957.91 was disbursed.
Repayments and other reductions amounted to $5,088,530,057.55,
of which $282,825,766.70 represents cancelation of the Corporation's
notes, pursuant to the provisions of the act approved February 24,
1938, equivalent to the balance of the amounts disbursed for relief
and work relief under title I of the Emergency Relief and Construction Act of 1932, as amended. This left $1,710,378,900.36 outstanding on the books of the Corporation at the close of September 30,
1938.
In addition, the Corporation had outstanding on September 30,
1938, agreements to make authorizations, totaling $345,084,475,
, ·
upon the performance of specified conditions.
PAYMENTS UNDER FEDERAL EMERGENCY RELIEF ACT OF 1933

Under section 2 (a) and section 6 of the Federal Emergency Relief
Act of 1933, the Corporation, during the third q_uarter of 1938, paid
$700.69 to the Federal Emergency Relief Administrator for expenses
necessary to carry out the provisions of that act, making a net total of
$348,448.80 so paid through September 30, 1938. Upon certification
of the Federal Emergency Relief Administrator, the Corporation,

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.REPORT OF RECONSTRUCTION FINANCE CORPORATION

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under the provisions of the act mentioned, had made payments for
relief aggregating $499,650,000 through September 30, 1938.
SECURITIES PURCHASED FROM FEDERAL EMERGENCY ADMINISTRATION
OF PUBLIC WORKS

Under the Emergency Appropriation Act, fiscal year 1935, approved
June 19, 1934, the Corporation during the third quarter of 1938,
approved increases aggregating $4,055,800, in the face amount of
marketable securities previously authorized to be purchased from the
Federal Emergency Administration of Public Works, and canceled
$4,105,575.80 (face amount) of authorizations to purchase such securities, made during prior quarters.
From June 19, 1934, to September 30, 1938, inclusive, the Corporation purchased from the Federal Emergency Administration of Public Works securities having a par value of $616,640,648.90. Of this
amount, securities having a par value of $426,903,429.22 were sold at
a premium of $12,646,9i6.24 (including securities having a par value
of $61,307,349.30 sold to issuers prior to maturity at a premium of
$326,540.64). Securities having par value of $168,084,795.13 were
held at the close of business September 30, 1938. In addition, the
Corporation had agreed to purchase, to be held and collected or sold
at a later date, such part of securities having an aggregate par value
of $74,547,000 as the Federal Emergency Administration of Public
Works is in a position to deliver from time to time.
PAYMENTS TO THE FEDERAL HOUSING ADMINISTRATOR

Under section 4, title I, of the National Housing Act approved
June 27, 1934, the Corporation during the third quarter of 1938,
paid $4,500,000 to the Federal Housing Administrator. This made
a total of $66,021,074.55 so paid through September 30, 1938.
NOTES OF THE RECONSTRUCTION FINANCE CORPORATION

During the third quarter of 1938, the Corporation:
Authorized the issuance of $211,460,000 series N notes for sale to
the public, and $1,500,000,000 series O notes for the purpose of retiring the outstanding $724,589,318.22 of series M notes, and for additional amounts to be borrowed by the Cofl>oration.
Sold $200,000 series K notes; $5,000,000 senes M-2 notes; $211,460,000 series N notes; and $104,000,000 series 0-2 notes. The Corporation exchanged $724,589,318.22 of series M notes for a like amount of
series O notes, and canceled the authority to issue the unissued balance
of the series M notes. Redeemed its series 0-1 note to the extent of
$210,000,000; and redeemed and canceled $143,000,000 series M-2
notes. In addition, pursuant to the provisions of the act approved
February 24, 1938, the Secretary of the Treasury canceled the Corporation's series M-1 note to the extent of $1,102,848.06, and its
series 0-1 note to the extent of $3,604,202.63, such amounts being
equal to disbursements by the Corporation during the third quarter
of 1938, for allocations to other governmental agencies.

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HEPORT 01•' HECONSTIWCTION FINANCE CORPORA'.l;'ION

As of September 30, 1938, there were outstanding $1,125,517,782.26
of the Corporation's notes, as follows:
Series K ____________________________ $299,072,666.67
Series N____________________________ 211,460,000.00
Series O-L _________________________ 505,985,115.59
Series 0-2___ __ __ _ _ __ __ __ _ _ __ __ _ __ _ _ 109, 000, 000. 00
TotaL _______________________ l, 125,517,782.26
TABLES

The following tables are attached:
Table 1. Aggregate loan and other authorizations, purchases of securities from
Public Works Administration, and allocations to other governmental agencies,
by classes, from February 2, 1932, to September 30, 1938, inclusive, and commitments outstanding, by classes, as of September 30, 1938.
Table 2. Aggregate loan and other authorizations, by classes, during the third
quarter of 1938.
Table 3. Number of authorizations, and number of new borrowers, etc., to
which authorizations were made, by States, during the third quarter of 1938.
Table 4. Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from February 2, 1932, to September 30, 1938,
inclusive, by States.
Table 5. Loan and other authorizations, by character of loans, etc., from February 2, 1932, to September 30, 1938, inclusive.
Table 6. Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from February 2, 1932, to September 30,
1938, inclusive, by classes and months.
Table 7. Loans to aid in the reorganization or liquidation of closed banks and
trust companies from February 2, 1932, to September 30, 1938, inclusive, by
States (includes loans to receivers, liquidating agents, and conservators, and
loans through mortgage loan companies to aid in the reorganization or liquidation of closed banks, under section 5 of the Reconstruction Finance Corporation
Act, as amended; and loans on the assets of closed banks and trust companies
under section Se of the Reconstruction Finance Corporation Act, as amended).
Table 8. Loans on and purchases of preferred stock, and purchases of capital
notes or debentures, of banks and trust companies, disbursed from March 9,
1933, to September 30, 1938, inclusive; and outstanding as of September 30,
1938 (under sec. 304, title III, of the act approved March 9, 1933, as amended).
Table 9. Loans authorized (and commitments outstanding as of September 30,
1938) to business enterprises, from February 2, 1932, to September 30, 1938,
inclusive, by size of loans (includes loans and participations, and commitments
outstanding, under sec. 5d of the Reconstruction Finance Corporation Act, as
a.mended; loans to borrowers engaged in the fishing industry under sec. 5 of the
Reconstruction Finance Corporation Act, as amended; and loans to business
enterprises through banks and mortgage loan companies under sec. 5 of the
Reconstruction Finance Corporation Act, as amended).
Table 10. Number of business borrowers to which authorizations were made;
and a.mounts authorized, etc., from February 2, 1932, to September 30, 1938,
inclusive, by industries (includes loans and participations, and commitments
outstanding, under sec. 5d of the Reconstruction Finance Corporation Act,
as amended; loans to borrowers engaged in the fishing industry under sec. 5
of the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through banks and mortgage loan companies under sec. 5 of
the Reconstruction Finance Corporation Act, as amended).
Table 11.
Part I: Loans on self-liquidating projects by types of project (under sec.
201 (a), title II, of the Emergency Relief and CoI)struction Act of 1932,
as amended) from July 21, 1932, to September 30, 1938, inclusive.
Part II: Loans to public agencies to aid in financing projects authorized under
Federal, State, or municipal law by types of project (under sec. 5d of the
Reconstruction Finance Corporation Act, as amended) from April 13, 1938,
to September 30, 1938, inclusive.

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REPORT OF HECO:-.STitVCTIO'.\" FI:-.A:".CE COHPOH.-\.TIO'.\"

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Table 12. Number of borrowers and amounts of loans authorized under sec. 5
of the Reconstruction Finance Corporation Act, as amended, from February 2,
1932, to September 30, 1938, inclusive, by size of cities or towns.
Table 13. Names and compensation of directors, officers, and employees of the
Reconstruction :Finance Corpomtion recE>iving from the Corporation more than
$400 per month, as of September 30, 1938.
Table 14. Statement of cash receipts and expenditures during the third quarter,
July 1, 1938, to September 30, 1038, inclusive (Corporation's accounts with
Treasurer of United States).
Table 15. Statement of cash receipts and expenditures January 1, 1938, to September 30, 1938, inclusive (Corporation's accounts with Treasurer of United
States).
Table 16. Statement of condition as of the close of business, September 30, 1938.

Respectfully,
JESSE H. JoNEs, Chairman.
GEORGE R. CooKSEY, Secretary.

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1.-Aggregate loan and other authorization,, purcha8es of securities from Public Works Administration, and allocations to other govern- 00
mental agencies, by cla8ses, from Feb. 2, 1982, to Sept. SO, 1938, inclusive, and commitments outstanding, by classes, as of Sept. SO, 1938

TABLE

PART I. LOAN AND OTHER AUTHORIZATIONS

Withdrawals or
cancelations

Authorizations

0

(1)
Q_

~

CJ
0

~

~

Re11ayments and
other reductions 1

Outstanding as or
Sept. 30. 1938

::c
t,_j
'il
0

::c

Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies:
Receivers, liquidating agents, and conservators_______________________ • $1,119,456,675.18
Others'----------------------------------------"--------------------- 1,334,763,153.65

cg:N.

Disbursements

2 $273, 589, 47:l. 81
196, 431,155.53

$833,403,308.06
1, 138,331, 998.12

2

2 $785, 970, 205.

69
I, 0.57, 982,549. 96

2

$47, 433.102. 37
80,349,448.16

l, 843, 952, 755. 65

2

127,782,550.53

t-'3
0
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:::::,
l"':I

Total, banks and trust companies'---- ------------- ----- -- ------- -Building and Joan associations:
Receivers_____________________________________________________________
Others________________________________________________________________

22,454,219,828.83

'470,020,629.34

25,141,957.84
123,798,241.66

21,640,057.38
7,385,648.22

2, 816, 900.46
115, 317,593.34

2, 149,436.14
113,851,596.04

667,464 . 32
1,465,997.30

0

Total, building and loan associations________________________________

148,940, 199.40

29, 025,705. 60

118,134,493.80

116,001,032.18

2,133,461.62

w

104,039, 750. 19

13,331,441.86

90,693,209.81

87,199,454 . 77

3,403, 755.04

!:O

Insurance companies______________________________________________________
Mortgage Joan rompanies:
To aid in the reorganization or liquidation of closed banks____________
To business enterprises __--------------------------------------------To The RFC Mortgage Company__ ___________ _____ _________ _____ ____
To Federal National Mortgage Association __ _----------------------- Others ____________________________ ---------------------------------- -Total, mortgage Joan rompanies _____ -------------- -- ---------- ---- __
Credit unions ____ .. _________ • ___ • ___ . ___ . _______________ .... ____ .. _______ .
Federal land banks ____________________________ ...• ------ ______ _______ ... _
Joint-stock land banks ____ . ___________ ___ _____ ____ __ ------------ ____ •• _._.
Federal intermediate credit banks. ______________________________________ _
Agricultural credit corporations ___________________________ •.. ___________ .•
Regional agricultural credit corporations. __ . _______ . _____________________ _
Livestock credit corporations. __ __________________________ ________ __ . ____ _
I
Railroads:
Receivers and trustees____________ ___ ___ __________________________ ____
Others._____ ___________ _________ ___ _________ ________ _____ ___________ __
Total, railroads______________________________________ ________ ___ ____
Processors, or distributors subject to processing taxes___________ ___________
State
funds
created
for the______________
purpose of insuring
repayment of deposits of_
public
moneys
__________
_________________________________
Borrowers engaged In the fishing Industry._____________________ __________
Tot.e.l, sec. 6ot the Reconst.ructlon Finance Corporation Act, as amended_

I

2

119,474,123.58
18,264, 602. 76
16,422,275.00
10,720,439.85
95, 021,275.61 - ------------------25,000,000.00 ------ - ----------- ··
351 , 942, 223.49
102. 283. 077. 71
607,859, 897.68
131,268.120. 32

___

I

I
=1

26,089.27
13,087,715.88
809, 700. oo

I

, 4,689,664,070.77 I

2

101, 154, 8•15. 82
81,220,110.23
5,701,835.15
4,414, 292.11
85,222,902.17
67,627,883.87
12, 185,258.38 ____________________
238, 131 , 178.92
185,794,674.06
442,396,020. 44
339,056, 960.27

642,967.80
42,872. 01
• 399, 636, 000. 00
12, 400, 000. 00
28, 681, 984. 77
5,815,014.34
9, 250, 000. 00 --------- ------ ----6,120,867. 59
477,249.37
178, 840, 452. 48
5, 596, 81 I. 76
14,511,327.88
1,539,729.19
____,
30,065,960.00 J
692,831,335.00 _
-,
722,897,295.00

1, 971,735, 306.18

--- - '

600, 095. 79
• 387, 236, 000. 00
21,871,458. 71
9, 250, 000. 00
5,643,618. 22
173, 243, 640. 72
12, 971, 598. 69

19,934,735.59
1,287,543.04
17,595.018. 30
12,185, 258.38
52, 336, 504.86
103,339, Qf,0. 17

487,618.21
112,477.58
• 387,236,000.00 ------------------16, 463,109.01
5,408,349. 70
9,250,000.00 ------------------5, 558, 762. 42
84, 855. 80
173, 243, 640. 72
12, 971, 598. 69

'-- -

844,
105,548

29, 221, 169. 00
575, 456, 570. 11
604, 677, 739. 1.1
106,3933,555.89 l=======I=======~=======

s:m::lll

11, 3' •1. 21
23, 084. 70

I

13,064, 631. 18
719,675.00

, 776. O~'6,
. . ◄ 85. 69

-. 862,
__ . ---.
____ 71
._
• 3,
262, 206.

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0

t-'3
0

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z

...."'.l
z
>
z
0
t,_j

0

ij
0

~

0
z

14,718.06

89, g00.00

~

_, -~-, ---, .. -· __

- - - , ___ , __ _ __ _
1

s;bs:;:~:~-~s
fo;-~~·~ i-~f~mortP..G'oJoan componJes under seo. 60 ot the Rooon\
structfoa FioaDCO CorporatJoo Act, as amended:

;;-;:-~;;~~t:,;--;~f-\·
I

The RFC Mortgage Compaoy ___________________________________________

11, 000, 000. 00
J, uo, 000. 00

Total, sec. 5c of the Reconstruct.ion Finance Corporation Act, as amended
Authorizations under sec. 5d of the Reconstruction Finance Corporation Act,
as amended:
Authorizations to business enterprises:
Loans ___________ ________ _______________________________ • __ _________ _
Purchases of participations .• __ .····-·-·-·-----·-·---------· __________
Agreements to purchase participations ________________________________
Total, authorizations to business enterprises under sect. 5d of the
.Reconstruction Finance Corporation Act, as amended _____ __ • ____
Loans to public bodies under sec. 5d of the Reconstruction Finance Corporation Act, as amended ______________________________________________
Total,
sec. 5d
of••the
Reconstruction
Finance
Corporation
as
Rmended.
____
_______
_______ _______
• _________________
•••Act,
________
Loans on the assets of closed bll.nlol and trust companies under sec. 5e of the
Reconstruction Finance Corporation Act, as amended ___________ ___________

0

(1)
Q_

CY

'<

CJ
0

~......
('i)

~ .ton; •r.•

37, 250, 000. 00

], uo, 000. 00
], uo, 000. 00

--

36, 000, 000. 00

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

36, 000, 000. 00

=:a

204, 704, 034. 44
• 10,610,562.69
I 33, 255, 362. 67

51,488,035. 85
6, 074, 916. 15
6, 380, 797. 78

115, 614, 168. 83
9,809, 224. 65
734,827.14

30,193,091. 70
3, 768, 520. 75
59,878.52

85, 421, 077. 13
6, 040, 703. 90
674,948.62

257, 569, 959. 80

63,943, 749. 78

126, 158,220.62

34, 021, 490. 97

92, 136, 729. 65

41,141,491.81

337,000.00

4,587,991.81

298,711,451.61

64, 280, 749. 78

130, 746, 212. 43

-- ---- --- ---- -- - -- ..

4,587,991.81

1-3
0
I'll

~

0

0

z

l'll

34,021,490.97

90, 724,721.40

• 40,321,385.42

• 4, 284, 655. 59

31,841,243.14

311,529,515.37

123,590,638.05

187, 938, 877. 32

10, 450, 232. 20
83, 370, 955. 22

1,921, 124. JO
33,146,368.56

8, 529, 108. JO
30, 224, 586. 66

7,719,510.03
20, I 77, 690. 67

809,598.07
10, 046, 895. 99

I, 604, 712, 604. 99

86, 061, 513. 08

836, 995, 702. 78
66,367,021.30

767,716,962.21
IV, 504,491. 78

767,716,962.21
18, 608, 629. 87

895,861.91

1,690,774,178.07
300, 000, 000. 00

903, 362, 724. 08
15,001.00

787,221,453.99
299, 984, 999. 00

786, 325, 592. 08
8 299, 984, 999. 00

895,861. Vl

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

Total, Emergency Relier nnd Construction Act of 1932, as amended.

2,484,687,852.85

070, 286, 460. 88

I, 437,489,663.12

I, 237, 798, 429. 83

199,691,233.29

Authorizations under sec. 304, title III, of the act approved Mar. 9, 1933, as
amended :
Loans on preferred stock or banks and trust companies ________ ·----··--···
Subscriptions for preferred stock of banks and trust companies ____________
Purchases or capital notes or debentures of banks and trust companies .•••

23,274,755.00
841, 253, 184. 00
433, 536, 975. 00

5, I 26, 025. 00
73,816,027.44
90, 549, 500. 00

18, 148,730.00
740,015,456.56
342,978,475.00

8,346,967.83
327,479, 405. 07
212, 009, 493. 60

9,801, 762. 17
412,530,051.49
130, 968, 981. 40

Total, sec. 304, title III, of the act approved Mar. 9, 1933, as amended_

I, 298,064,914.00

169,491,552.44

1, IOI, 142, 661. 56

54 7, 835, 866. 50

553, 306, 795. 06

Total, sec. 201 (d), title IL __________________________________________
Amounts made available for relief and work relief, sec. J, title I_ __________

~

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0

I

44,606,041.01

Authorizations under the Emergency Relief and Construction Act of 1932, as
amended:
·
Loans on self-liquidating projects, sec. 201 (a), title II _____________________
Loans for financing repair or damage by earthquake, fire, tornado, or
cyclone in 1933, sec. 201 (a) (6), title IL ______________ ________ ___________
Loans for financing exports or agricultur~I surpluses, sec. 201 (c), title IL __
Loans for financing of agricultural commodities and livestock,sec. 201 (d),
title II:
Commodity
Credit Corporation __ -----------------------------------Others ________________________________________________________________

ci'i'

"';;a·

11J":

26, 000, 000. 00

Federal Natlo.naJ Mortgage .A.ssoclatJoo _______ ____________________________
0 tbers ________ - _______ - ________ ___ ________________________________________

r

·~~•:__•_-.... ,_ -,,..,,7·=:-:: I

:::.'t"f~t·,r::1 · "'!! '

• BS, 986, 505. 98

• 33, 809, 988. 09

400,092,487.36

I

1-3

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I

I;
i

See footnotes at end of table.

co

T ABLII !.-Aggregate loan and other authorizationa, purchaau of ,ecuritic, from Public Work& Administration , and allocatiom to other govern-

-

mental agenciu, by cla&ses,from Feb . S, 19St, to Sept. SO, 1988, inclusi1Je, and commitments outstanding, by classes, as cf Sept. SO , 1938- 0
Continued
·
PART I. LOAN AND OTHER AUTHORIZATIONS-Contlnaed

::0
Withdrawals or
cancelations

Authorizations
.Loans under sec. 5, title I, or the Agricultural Adjustment Act or 1933, as
amended- ----------------------- ------- - -------- ----------- - ---------- -- ---Authorizations under sec. 1 or tbe act approved June 10, 1933, as amended:
Loans on preforred stock or insurance companies __________________________
Subscription for preferred stock of an insurance company ___ ___ ___________
Total, sec. 1 of the act approved June 10, 1933, as amended ______________
Loans to or for the benefit or draina~e. levee, irrigation, and similar districts
under sec.____________________________________________________________________
36, title Il, or the Emergency Farm Mortgage Act or 1933, as
amended
Loans to finance the repair or damage by earthquake, flood, or other catastrophe
in 1933, 1934, 1935, and 1936, under the act approved Apr . 13, 1934, as amended:
~~
enterprise~- __________________________________________________

~f;~~:ss

0

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Repayments and
other reductions 1

Outstanding as or
Sept. 30, 1938

300, 000. 00

$3, 300, 000. 00

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

34,275,000.00
100,000.00
34,375,000.00

7,075,208.45

$27,109,791.55
100,000.00
27, 299, 791. 55

Disburements

::0

$23, 500, 000. 00
34,275,000.00
100,000.00
34, 375, 000. 00

$20, 200, 000. 00

$3,

-------------------·
---------------------------------------

7, 075, 208. 45

82, 517, 026. 86

2,916,326.84

79, 600, 700. 02

Total, act approved Apr. 13, 1934, as amended_----------- --- - ----- -----

820,590.00
1, 397,.751. 53
2, 218, 341. 53

891,372. 75
2,579,074.47
3,470,447.22

209,109.74
1, 520, 283. 28
1, 729, 393. 02

Loans to borrowers engagcrl in the mining, millin!?, or smelting or ores, under
sec. 14 or the act approved June 10, 1934, as amended _____ ___________________

12, 355, 500. 00

7, 205, 000. 00

4, 059, 700. 00

1,132,251.64

Loan to a public-school authority for payment of teachers' salaries due prior
to June 1, 1934, under sec. 16 of the act approved June 19, 1934, as amended __

22, 500, 000. 00

200,000.00

22, 300, 000. 00

22, 300, 000. 00

Loans to or ror the benefit of ta.1-suprarted public-school districts or other
similar publio-school authorities in c arge of public schools, under the act
approved Aug. 24, 1935 ________________ ___ __ __ __________ _________ __ __________

2, 006, 800. 00

831,800.00

150,000.00

500.00

149,500.00

46, 500, 000. 00

2,425. 46

46, 497, 574. 54

6,798,908,957.91

• 6, 088, 530, 057. 55

1, 710, 378, 900. 36

~

682,263.01
1,058, 791. 19
1,741,054.20

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76, 500. 000. 00

-- -- --------------- 2, 065, 442, 742. 92

9, 214, 941, 058. 0-l

Amount ol pur-

chases authorized

n _______ ________ ____ _____ _______ ___ _____ ____________________

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2, 927, 448. 36
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$681. 719, Q.12 . 82

Amount withdrawn Amount disbursed

l

or canceled

Sl5, 706,000.00

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(purchased)

SM3, 372, 009. 48

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P A R T II. PUROHASES OF SECU RITIES FROM PUBLIC WORKS AD MINISTRATION

Grand to ta l. p a rt

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19, 633, 364. 61

140, 704, 668. 08

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

1,711,962. 75
4, 022, 326. 00
5, 734, 288. 75

Loan to Rural Electrification Admlnistration, under the act approved May
20, 1936, as amended __--- ---------------- ------ ------------- ---- -- --- ------Grand total, part I (loan and other authorizations) ______________________

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Amount ol repay- Amount outstandmenta and other fnii: as or Sept . 30,

I

reductions

1

$445, n1a, Olf. 86

1938

$137, 696, 69 6 · l :J

0

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Y.A.K•r .I.II. ALLOVA'l'J.UNS '1'0 O'.l'.li.l!;.K UUV.l<~.K.N.M..J:S..N'J.'AL A VJi: N Ol.EB

Amount oUocated

I Amo unt disbursed

---

Allocations:

~~f;~<;:f1~1!ift~~f b:edii cci,ix>i-aiions-ci-ei.iiocaiec1-,i-o-m-amou-nio,iiiiiaffi iiiiciciitec1-toseci-etii,y-oiAg,icuitu,~ fncfucios$39,500,ooo held in revolving

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0

fund) __________________ _____________________ ------- ---------------------- ___ __ ------- - --- --- -- __ _______ _
Governor or Farm Credit Administ.ration (reallocated from amount originally allocated to Secretary or Agriculture) __ _____ ______ _____ __
Total originally allocated to Secretary or Agriculture for crop Joans ________________ _____ ___________ ___ ______________________________ __
Regional Agricultural Cred it Corporations for expenses prior to May 27, 1933 _______ ____ ________________________________ ___________ __ __
Regional A~ricuJtural Credit Corporations for expenses since May 26, 1933 ____________ ____ ________________ ___________ _
Secretary or the Treasury to pay for capital or Federal Home Loan Banks _________ _______________ _____________________________________ _
Land bank commissioner to make loans to joint-stock land banks ________ ____ __ __ __________ ___ _________ __________________________ _____ _
Land bank commissioner to make loans to farmers ($200,000,000 original allocation reduced by reallocation to Federal Farm Mortgage
Corporation) ___________ ______ _________ ___ __ __________________ _________ __________ _______ ____________ __ ______ _________ ____ __ ______ ____ _
Federal Farm Mortgage Corporation to make loans to farmers (reallocated from $200,000,000 originall y allocated to land bank commissioner) ____________________ ___ _________________________ ---- -__ -- - - --- -- -- -- ---- --- -- --- - -- --- -- - - --- -- -- -- ---- --- - - --- - --- - -- - -Secretary of the •rreasury to pay for capital or Ilome Owners'. ---Loan Corporation ___ __ _______________________________ _________
________ _
Federal nousing Administrator (amount stated ls amount disbursed; total allocation not limited to ~peciflc amount) __________ ___ __ __ _
0
g1~~e~dt.;.~~g;~c~~Fon~ ~ u~~~~~~~"s5t~~~
request or the Disaster Loan Corporation up to but not exceeding $20,000,000) ______ __ ______________ __ ______________ ________________ ..

,~~~iintstaied-ls-amounirlisb,irsed;-theCorpiiriitioiiisrequiredto-purchasesiocic-upon -

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Total to other governmental agencies by direction or Congress __ _________ ____ __ -------- ----- -- - ------ --- ----- -------- ----- ----- - -- For direct relief under Federal Emergency Relief Act or 1933 __ _______ _________ _____________ __ ____________ _______ _________ __ ___ _______ _
For direct relier under Emergency Appropriation Act, fisml year 1035 ____ ______ __ __ ____ ___________ ____ ___ ____ _____ ______ ___ _____ ______ _
For di rect relief under Em=ency Relief Appropriation Act, 1935 ____________________ - - ----- - ------ ------- ---------------- - -- -- ------ __
Total allocations ror direct relier by direction or Congress ____ _
Total allocations to other go,·ernrnental avencies and for direct relief. ____ ______ ____ ___ -- -- ------ -- -------------- -- -- ---- __ ______ _
Administrative expense-Regional Agricultural Credit Corporations
____ ___ _. _____ _______ __ . _______________ . ___ . ____ . __ ___ ______ .- --- · ____ _
Administrative expense-Under sec . 1, title I, or the Erneri[ency Relief a nd Construction Act of IQ32, as amended .. ---------·------ ----- --Interest on notes issued for fu nds for allocations and relief advances ______________ __ _____ __ _______ _____________________ _______ __________ ___ _
Grand total , part III (allocations to other govern mental agencies). ___ ___ ________ ___ ______________ __ ________ _____ ____________________ _
See footnotes at end of table.

11

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$116,000,000.00

$116,000, 000. 00

44, 500, 000. 00
40, 500, 000. 00

44, 500, 000. 00
40, 500, 000. 00

...,::::i

200, 000, 000. 00
3, 108, 278. 64
14,211 , 500. 00
124,741,000. 00
100, 000, 000. 00

200,000, 000. 00
3, 108, 278.64
13,301,102.92
124, 741 ,000. 00
IO 2, 600, 000. 00

0

145, 000, 000. 00

145, 000, 000. 00

55, 000, 000. 00
200, 000, 000. 00
66,021,074 .55
07, 000, 000. 00

M, 000, 000. 00
200, 000, 000. 00
M, 021, 074. 55
97,000,000 00

10,000.000. 00

JO, 000, 000. 00

1,016,081,853.19

916,771,456. 11

500,000,000. CO
liOO, 000, 000. 00
f,00, 000, 000. 00

" 499, 998, 448. 80
500,000, 000.00
500, 000, 000. 00

1,.",00, 000, 000. 00

II

I, 499, 998, 418. 80

2, li l 5,08 1, 853. 19
114,921.13
126,871. 85
33, 177,419. 82

2,416, 7fl9, 004. 91
114, 921.13
126,871.85
33,177. 41Q, 82

2,548, 501,065. 99

2, 450, 189. 117. 71

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1.-Aggregate loan and other authorizations, purchases of securities from Public Works Administration, and allocations to other governmental agencies, by classes,from Feb. 2, 1932, to Sept. SO, 1938, incl'UBive, and commitment, outstanding, by claues, as of Sept. SO, 1938Continued

TABLE

't1

Amount of

commitmmt,
Under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
outstanding
Bank and trust company ____ __--------···-········· ····-·--·· .•••••••...•.•.•.••...••.. ··-···········-·····................................................ ........
$148,800
Mortgage Joan companies:
65,000,000
Ra}!!J~FC Mortgage Company •• ·--··················· -········---···························--···-···············-······-············-···::::.::::::::::.:: ...• 8,600,000

37,113,675

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

~
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Loan on the assets of a closed hank and trust company. under sec. 5e of the Reconstruction Finance Corporation Act, as amended ... .. ·-·······-·························
127,000
Loan to Commodity Credit Corporation, under sec. 201 (d) of the Emergency Relief and Construction Act of 1932, as amended •.......•.•••.... ••.•.•.•••••....• • ......•• 150,000,000
Under sec. 304, title III, of the act approved Mar. 9, 1933, as amended:

0

t~i~~~:~if~jJ~~:1ti~It~iio~~:[s;i~9;;fi~~i~r!~:i~£iiiii~~=::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

~ii~1~~t{£~~ltfilli{iflt~~tgf~~~i!.~

0
~~:~~~~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

0

~

:

PART IV. COMMITMENTS OUTSTANDING AS OF SEPTEMBER 30, 1938
[Conditional agreements to make loans. or other authorizations, upon the performanre of specified conditions]

cg:N.

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Loan on preferred stock of an insurance company, under the act approved June 10, 1933, as amended .•.•... ·-·-······· ·············· -···············-·-·······-·········
Loan to an irrigation district, under the Emergency Farm Mortgage Act of 1933, as amended.·--········-··········· ······-····················· ······-·-·· · · · ··········
Loan for repair of property damaged by flood or other catastrophe, under act approved Apr. 13, 1934, as amended .•.........•. ·-········-···-·····-···-·······-·······-·

48,000
556,500
2,150,000
100,000
1,300,000
600,000

Grand total, part IV (commitments outstanding as of Sept. 30, 1938).·-···-····-··---·············-·······················--··-·-·····················-··-··-··--· 345,084,475

(1)
Q_

~

SUMMARY OF TABLE 1

CJ
0

0

Amount of with•
drawals or can•
celatlons

Part I. Loan and other authorizations •••••. -····-·······-·-···-·····--·-·····
Part II. Purchases of securities from Public Works Administration_ .••. ---·-·
Part III. Allocations to other governmental agenc!e•··········---·-···--···-·-

$9, 214,941,058. 04
661, 719, 942. 82
2, 548, 501,065. 99

$2, 065, «2, 742. 92
6, 706, 000. 00
97, 400, 000. 00

xt~t.gOin.mftinents outstanding __________________________________________

12, 425, 162,066. 85
345,084,475.00

~

Part

Grand total ___________________________________ ·_________________________

12, 770, 246. Ml. 85

~

0

Amount of author•
izations, alloca•
tlons, and commit•
ments outstanding

~

....t-3
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....
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0

Amount of repay.
ments and other
reductions 1

Amount outstandln11: as of
Sept. 30, 1938

583,372,609. 48
2,450,189, 117. 71

' $5,088,530,057. 55
446,676,014. 36
"2,450,189,117. 71

$1, 710, 378, 900. 36
137, 696, 596. 12

2, 168, 548, 742. 92

9, 832, 470, 68G. 10

7,984, 395, 189. 62

MB. 742. WI

g. 832,470. 686. 10

7, 1184, 395, 189. 82

Amount of dis·
bursements
$6, 798, 908, 957. 91
II

~t-3
....

------------------- ~
I, 848, 075, 495. 48

--- ------- --- ---- --- ------ --- - ---------- ---------------- -- -- ----- -- ---------- -2,. 168.

::c
~

1,848.076. 4Ql5. 4.8

1: :-.::t II :

I •..

,:. I • ·

I ..

., . I .

I .

a ExciusJvo of repayments u.naUocotod, peodfog advfoes, as o f Sept. 30 , 1938.

! f1:i'::i~dts

$167 600 authorhed through banks and trust compaofos to business enter rises, or wbJcb U2,838.& was wJtbdrawo
or canceled, and $114,661.86 was dlaburaed and repaid .
, Includes s1oa:01s,ooo representing reftnancJng of Joans previously made by the 8orporation
to Federal land banks for different lndividunl amoUDts but In the same acgregate
amount.
• Including $3,658.032.611 representing sales of participations authorized to banks, etc.
, In addition, $8,239,937.31 was taken by banks, etc., in loans In which the Corporation authorized purchases or participations.
r In addition, $17,04R,660.34 was taken by banks, etc., In Joans in which the Corporation authorized agreements to purchase participations.
• Includes .$17,150,232.30 representing repayments and other reductions by States and p,litical subdivisions; and $282,825,766.70
representing canoolatlon

orthe Corporation's note5,

pursuant to the provisions or the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed.
• Ot this amount, $282,825,766.70 represents canoolation ol the Corporation's nptcs, 8ursuant to the provisions
tho act approved Feb. 24, 1938, equivalent to the balance of the
amounts disbursed for relier and work relief under title I or the Emergency Relier sud onstruction Act or 1932, as of
amanded .
10 The remaining $07,400,000, authorized to the Land Bank Commissioner to make loans to joint-stock
land banks, was canceled.
11 Upon certification by the Federal Emergency Relief Administrator, under the Federal Emergency
Relier Act or 1933, the Corporation disbuned U99,MO,OOO for relief, and
$348,448.80 to the Administrator tor expenses necessary to carry out the provisions or the above act, making a total or
so disbursed.
u Exclusive or amounts made available tor relief and work relier under the Emergency Relier and Construction Act$499,908,448.80
of 1932, as amended. Thesoamounts are shown In Pan I above.
u Includes $39,500,000 allocated lor revolving fund (capital or regional agricultural cred it corporations).
,. Or this amount, $2,413,180,117.71 represonts cancelation or tho Corporation's notes. pursuant to the provLsions of the act approved Feb. 24, 1938, equivalent
to the halanoe of the
amount disbursed ror allocations to other governmental agencies anrl !or relier by direction or Congress and the interest
paid
The remaining $37,000,000 Is held by the Corporation in a revolving rund (capital or regional agricultural credit corporations) pursuant to sec. 84 or the Farm Credit Act or thereon.
1933, as amended. An additional $2,500,000 of the (w-egoing revolving fund is held by tho United States Treasury, such amount hadng been paid subsequent to tb u cancelation or the
Corporation's notes.

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TABLE

Cla.ss

Withdrawals or
cancelations 1

Authorizations

Disbursements

1

.
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended:
Banks and trust companies (including receivers, liquidating agents and conservators). • • $2,418,978.09
• $502,265.98
• $1,908,524. 73
Buildin~ and loan associations (including receivers).................................
495,000.00
25. 49
24,835.69
Insurance companies .....•.•.•.••••.•....•...•.•.•.•...•.•••..••..•.•••..•..•..•...•...•.....•.........•••...•••........•...•.••..........
Mortgage loan companies...........................................................
46, 544, 000. 00
266, 300. 00
20, 165, 408. 50
Credit unions .•....•.•••.................•.•.•.••.....•.....•.....................•....•...•.•...•.•...•••.•.•.•.....•...•.•••..•..•...•..
Federal land banks ••.••.....•...•.•.•...•.•.•..•....•...•.••..........•.•...•.•.....•..•..•.•••...•..••.•.•.•.•.•....•..•..•.•...........
Joint·stock land banks..............................................................
210,412.09 ••••••••.••..•.•••
452,569.66
Agricultural credit corporations ......•.............•.....•.•...•.•.•.•••••.•.•...........•••........•..••.••••••••••••••...•.....•.....•..
Railroads (incl11ding receivers and trustees).........................................
31,473,000.00 .•..•...•••••...••
26,497,000.00
Borrowers engaged in the fishing industry.......................................... ...•...•.•.•..•...
10,000.00 ..••.••••......•..
Total, sec. 5 of the Reconstruction Finance Corporation Act, as amended .......•.

0

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2.-Aggregate loan and other authorizations, by cla8ses, during the third quarter of 1938

81, 141, 390. 18

778,591.47

Authorizations under sec. 5d of the Reconstruction Finance Corporation Act, as amended: ll=======l=======i
Authori,.atlons to business enterprises:
3, 765, 422. 75
Loans ••...•.••••••••••••.••••.....•.•...•..••...•.•••.•••.•••••••.•.•••.•...•.•
' 34, S.19, 393. 34
Purchases of participations and agreements to purchase participations .•••.•.•.. ' 21, 480, 6119. 118
2,475, 474. 92
Tot•I, authorizations to business enterprises under sec. 5d of the Reconstruction ii·
Flnance Corporation Act, as amended ...•..••.•..••••.•••••••.....••....••.
6,240, 8117. 67
66, 320, 093. 32
Loans to public bodies under sec. 5d of the Reconstruction Finance Corporation
Act, as amended•••••••••.••.•.••......•.•.•.•••••••••••••••••••••...•••••.••.
337,000.00
34,814,000. 00

49, 048, 338. 58

Joi:,,.

Repayments
and other
reductions 1 •

OutstandingDecrease for
the quarter 1

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t=;

>ti
0

• $7, 739, 241. 86
179,496.61
36,398.89
15, 082, 304. 34
7,350.00
5, 009, 109. 57
136,159.45
131.31
831,333.92
38,776.41

29, 060, 302. 36

$5,830,717.13
154,660.92
36,398.89
I 5,083, 104. 16
7,350.00
5,009, 109. 57
I 316,410. 21
131. 31
I 25, 665, 666. 08
38,776.41

19, 988, 036. 22

I

::::l
8
0

"'J

::::l

::,j

"6z

17).

8

::::l

Cl
18, 4119, 3114. 23
1, 488, 835. 93

3, 558, 124. 29
386,233.37

I
I

14, 1141, 269.114
1, 102, 602. 56

~
....

0

-------1-------·1------~1--------1------ z
111, 988, 230. 16
4, 587, 1191. 81

3, 1144. 357. 66

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

16, 043, 872. 50

I
I

4, 587, 1191. 81

l------•1-------+------1------·~-----

24, 576, 221. 117
Total, sec. 5d of the Reconstruction Finance Corporation Act, as amended •.••.
6,577, 8117. 67
3, 1144, 357. 66
I 20,631, 864. 31
Ill, 134,093.32 I
I
.
1=====1======1======1=====1=====
Loans on the assets of closed banks and trust companies under sec. 5e 'Jf the Reconstruc•
, 13s. 568. oo
'7. 384, 421.
• 334, 368. 86
1, 861, 808. 30
tion Finance Corporation Act, as amended .••.••.•••.•••.•.•.•.•••••.•.•.•.•.•.••••••.
• 2, 100, 111. 16 I
l=====l,=====l======l======l=====
Authorizations under the Emergency Relief and Construction Act of 1932, as alllilnded:
125,000.00
238,000.00
8,812, 125. 91
M, 182, 607. 42
45, 370, 481. 51
Loans on self-liquidating projects, sec. 201 (al, title IL.................. .. . . . . . . . .
Loans for financing repair of damage by earthquake, fire, tornado, or cyclone In 1933,
sec. 201 (~) (~). title II............................................................ .................. ...............•.. ..................
2,959,939.88
2, 11511, 11311. 88
Loans !or ftnancing et port! of a~ricultural •urpluses, sec. 201 (c), title II. ...•.•·...•.•
30,000,000.00 ••••••.••..• ••••••
10,000,000.00 .••..•.••.•••.•••.
110,000,000.00
Loans for flnancine or agricultural commodities and livestock, sec. 201 (d), title II... .•.•.•..••••••.•••
270,317, 35G. 32 ••.•. .•........•..
3,086.67
3,086.67

I

Total, Emer&eooy Relief and Comtruotloo Act of1Q32, u emended...............

30,125,000.00

I

"":::I

671

270, 1155, 3M. 32

18,812,125.91

67, 145,633.97

·. I

38,333,508.06

"'J

z~

0
l".l
0

ij
0

~

~

----------1·-----------------

J.,oan.s on profcrrcd stock Or banks kod trust. oorili>aulo~L- - - -- - - - - - - - - - --- - SubscrfptJons for preferrod st-ock of banks ond trust companies . ____ . ________ .•. _ ___ _
Purchases of oa.pJtal uotes or debeotures of 00.oks nnd trust compaoies . . ___ __ _ __ __ __

Total, sec. 304, title Ill, or the act approved Mar. o, 1033, as amended-···········/
Loans to or tor the benefit of drainage, JeYee, irrigation, and similar districts, under sec.
36, title II, of the Emergency Farm Mortgage Act or 1933, as amended •..•............ ,

Loans to finance tbe repair or damage by earthquake, flood, or other catastrophe in 1933,
1934, 1935, and 1936, under the act approved Apr. 13, 1934, as amended ....••..•.•. ... •
Loans to borrowers engaged in tbe mining, milling, or smelting of ores, under sec. 14 of
the act approved June 19, 1934, as amended .•••..•..••............••...•••.....•.• ....

1. 659,700.00

75,626.00 , -----

I,

735,325.00

____

1

i::g~:m:~ I

I=a.. 657. 725. 00

.
1

I

674,939.63
152. 568. 89
2,420,601.11 l=======l=======I
12.000. 00
205,000.00

50, ooo. oo

I

Grand total.. .••••••............. .....••. •..••••.•..••••••.•.•••............. .. ... \=,=23=6=,8=99=,9=7=7=.6=1=

II

0

;;;·

CY

'<

CJ
0

~

~

1 97,284,919.95

11 , 607, 593. 38

l

283,612.66
5,813,098.00

1,852,257. 13
--- -7,949,868.38

1

~

l:"J
375,273. 79

• 199, 665. 8~

214,908.14

202. 908.14

80,000.00

• 189, 200. 00

500. 00

500. 00

"C

0

:::,
J-3
0

'%j

~

trl

I=======~======

r:

7,339.826. 61

~

104,624,746.46

'These amounts apply to loans authorized prior to July 1, 1938, as well as to loans authorized during the third quarter of 1938.
Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1938.
• Loans authorized to banks and trust companies include $2,368.978.09 to aid in the reorganization or liquidation of closed banks.
• Authorizations aggregating $70,259,749.73, cancelatlons aggregating $25,043,275.07, disbursements aggregating $28,586,031.88, and repayments aggregating $25,919,772.94, which
were included in "Danks and trust companies" during preceding quarters, were transferred to "Loans on the assets of closed banks and trust companies" during the third quarter of
1938.
• Increase.
1 Two authoritations aggregating $315,000, which were Included in "Purchases or participations in loans to business enterprises" during preceding quarters, were transferred
to "Loans to business enterprises" during the third q uarter of 1938. Two authorirntions aggregating $145,000 which were Included In "Loans to business enterprises" during pre·
ceding Quarters, were transferred to "Purchases of participations in loans to business enterprises" during the third quarter of 1938.
1 Authorizations made prior to July 1, 1938, were rescinded during the third Quarter of 1938, as follows: Banks and trust companies, $263,4i8.09 (to aid in the reorgani•ation or
liquidation or closed banks); mortgage loan companies, $301.21; b usiness enterprises, $448,500; purchases of participations and agreements to purchase participations in loans to
business enterprises, $1,280,215.21; loans to public bodies, $5,803,008.19; loans to or for the benefit of drainage, levee, Irrigation, and similar districts, $1,583,101.11. Such rescissions
have not been deducted from the authorizations shown above for the third quarter or 1938, inasmuch as they applied to loans authorized dur ing previous quarters.
• In addition, under the Federal Emergency Relief Act of 1933, the Corporation, during the third qunrterof 1938, disbursed $700.69 to the Federal Emergency Relief Administrator
for expenses necessary to carry out the provisions of the above act.
1

C)
Q_

285, 786, 836. 02

I

269,200.00

Loans to or for tbe benefit of taX•supported public-school districts or other slmilar public· l=======I
II
school authorities in charge of public schools, under the act appro,•ed Aug. 24, 1935 •....
Loan to the Rural Electrification Administration, under the act approved May 20, 1036. i=======l=======I
as amended ....•.•.•••..•.•.•..............................•.....•....................

tg:

I

283,012. &
7, 660. 698. 60
3, 6,S4, 382. 13

0

z

~

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c::
Q

J-3

0
z
~

z

>

7.

g

-··

('.)

0
::0
-0

0

~

....J-3

0

z

....

1:11

16

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE

3.-Number of authorizationa and number of new borrowers, etc., to wind
authorizations were made, by States, during the third quarter of 19S8 •
GRAND TOTAL
State

Alabama .................... .

Arizona _____________________ _

Arkansas ...... .............. .
California .... ............... .
Colorado ..........•..........
Connecticut ......•...........
Delaware ............. . ...... .
District ol Columbia ........ .
Florida ........•.......•......
Georgia .........•........•.•.
Idaho .......•.•......•••..•..
Illinois .•..............• ......
Indiana .. .... ............... .
Iowa ....... ................. .
l{ansas .......... ............ .

tiits~;!r.·::::::::::::::::::
Maine ...........•............
Maryland ..... .............. .
Massachusetts ............... .

~l~~i~k·.·:::::::::::::::::
~l~~~8;;~Y!)_i::: :::::: :::::: ::: :
Montana .. ......... ...... . .. .

Nebraska ....... ..... ........ .
Nevada ......... . ........... .
New Hampshire ............. .
New Jersey ...... ......••.....
New Mexico ...........•.....
New York ................. . . .
North Carolina .............. .

Number
olauthor·
izations

Number
olnew
borrowers

36

33

8
48
72

5

36

23

62
22

19
2
9

17
2
9

76

65

142
17
65
32
9
38
45
18
6
18
40
84
45

132
14
57
28
8
37
44
17

4
18
35
77
43

39

33

44
9
12
2

35

8
II
l

4

4

50
12
153
37

41
12
118
35

Number Number
ol author• or 11t•

State

izations borro.-in

North Dakota................
Ohio.........................
Oklahoma....................
Oregon.......................
Pennsylvania.................
Rhode Island.................
South Carolina...............
South Dakota................
Tennessee........... .........
Texas........................
Utah.........................

9
69

(I

H

II

36
80
6
25
7

.......,..............

1
1

Maryland .•....•.•.••..•••••.
Michigan .......•.•••••••••••.
Nevada ........••••••.•••••..
New Jersey .....•.••...•.•••..
North Carolina ....•.•••••.•..
Pennsylvania ......•..••.•.•..
Vermont .•.....•..•.....•....

1
3
1
3
1

~~f~a

5

71
I

af

• 415
I
27

6

I
5

2

2,096

Orand total. ...•.•..•.•

2,103

4

19

A;t~~~f:it!~at~i:oac1s·
(including trustees)•........

4

Grand total............

25

[Under sec. 5 ol the Reconstruction Finance Corporation Act, as amended]
Pennsylvania.•••••••••••••••
Vermont •.•••••••••.••••••••.
Total .••••••.•••••••.•..

BUILDING AND LOAN ASSOCIATIONS

[Under sec. 5 of the Reconstruction Finance Corporatitm Act, as amended)
New Jersey ....•••...•....••. ,

al
MORTGAGE LOAN COMPANIES

[Under sec. 5 ol the Reconstruction Finance Corporation Act, as amended)
Maryland .....•••.•.•.•...•..
Michigan ....•...•.•..........
Washington ....•.............
Total ....•••.•.•.•......

1

1

1 ......... .
4

4

Ii .

I .
I

•

1----1----

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS AND LICUIDATING AGENTS)

Illinois ........••..........•..
Indiana ..•.•..........•..••..
Maine .......•.....•.•.....•.•
Michigan ........•.•.•....••..
Nevada •..•....••.•....••.•..

I
1 171

1----1----

Total...................
Authorizations:
Loan to The RFC Mort•
gage Co.• ...•••.. .......
Loan to Federal National
Mortgage Association•.
To railroads (i ncluding
trustees)• ..........•..•.
Loan !or financing exports
ol agricultural surpluses•

Washington..................
Total...................
Loan to The RFC Mortgage
Co.• ...••...•...••••.•••••..
Loan to Federal National

1
1

•

1
II

TOTAL, SEC. 5 OF TRE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
Illinois ........•.•.••.•.•..•..

II

45

80

~Tr~ii~~:::::::::::::::::::::
W ashin~ton.. .....••• •.•. ....
West Virginia................
Wisconsin....................
Wyoming....................
Alaska.......................
Puerto Rico..................

t

Loan to·:
The RFC Mortgage Co. 1 •
Federal National Mort•
gage Association• .•...••

6

See footnotes at end 01 table.

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Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

17

3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the third quarter of 19381-Con.

TABLE

10INT-STOCK LAND BANK

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Number Number
of author- of new
izatlons borrowers

State

North Carolina_______________

1 - --

Number Number
of author- olnew
izations borrowers

State

-- --- --

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SEC. 5D OF THE
RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Direct Joans to business enterprises, including participations)
Alabama ____________________ _
Arizona ________ _____ ________ _
Arkansas ____________________ _
California ___ _____ ___________ _
Colorado ____________________ _

.g~fi:':~~-~~=====:::::::::::::
District of Columbia ________ _
Florida __ ______ ------- ____ --- _
Georgia ____________________ --Idaho ____ ____ ____ ___________ _
Illinois ___
----- --- -_
______
___-----___ ___- -_________
Indiana
Iowa _______________ ________ __
Kansas _______ -- --- -- - -- -- -- --

t~~~:= =: :: ::: ::: :: :: ::::

Maine _______________________ _
Maryland ___________________ _
Massachusetts _________ ______ _
Michigan __ __ ____ ____________ _
Minnesota ________________ ___ _

~i:~f:_i:::::::::::::::::::
Montana _______________ ___ __ _
Nebraska ______ ________ - -- --- -

31
5

31
5

31

21)

56
22
19
2

55
22
17
2

9

~

73
142
14

58
31
8
38
45
18
4
17
40
75
45
27
41
8
10

64
132
14
54

28
7

37
44
17
3
17
35

70
43
27
35
7
10

Nevada __________ ----------- New Hampshire _____________ _
New Jetsey _______________ ___ _
New Mexico _________________ _
New York ____________ ______ __
North Carolina ______________ _
North Dakota _______________ _
Ohio __________ --- _-_______ -_Oklahoma ___________________ _
Oregon ______________________ _
Pennsylvania ________ --- __ , __ _
Rhode Island ________________ _
South Carolina ______________ _
South Dakota _______________ _
Tennessee ___________________ _
Texas ______________________ __
Utah ________________________ _
Vermont_ ___________________ _
Virginia _____________________ _
Washington ___________ ______ _
West Virginia _______________ _
Wisconsin .. _________________ _
Wyoming ___________________ _
Puerto Rico _________________ _
TotaL _______ ----------

l
4

l

4
44

38

10
144

10
]16

35

34
9
53

9

60

13
29

13
35
77

67
6

6

24
7
41
71

4
2
29

'409

24
7
40
66
4
1
26
'172

18
26

17
24
6

6
5

I, 949

4
1,585

LOANS TO BUSINESS ENTERPRISES

[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended)
Alabama ____________ - -- - -- --Arkansas ________ __ - - - -- - -- - -California _____________ ______ _
Colorado _____________ ------ -Connecticut ________ _______ ___
Delaware ___________ ----- - -- -District of Columbia ________ _
Florida _____ ---------- -- . ----Georgia ___________ ___ - -- - - -- -Idaho ______ _____ - -- -- - - - - -- -.
Illinois ____________ - _- -- - - --- Indiana ____________ ___ ____ - -Iowa ___ ________ _____ - - - -- - ---

Kansas _____________ -- --- -----

Kentucky _______ _____ -------Louisiana
_____
---____________
------ ----- -_
____
Maine _______
Marylanrt ______________ ---- __
Massachusetts _______________ _

~:f:S~t.~~=:::::::::::::::::
~~~s~!Y:_1::: :::::::: ::::::::
Montana _____________ -- - - --- Nebraska __________________ -- Nevada __________ ---------- --

24
• 27
32
17
14

24
• 25
31
17
12

2
5

5

62
133
11
44
20

5

2

53
124
11
40
18
4
24
35
16

25
36
16
3
12
• 24
49
31
19
29
6

• 19

78

25
, s5

1

1

2

12
45
30
19

New Hampshire _____________ _
New Jersey __________________ _
:-,ew Mexico _________________ _
New York ____ _____________ __ _
orth Carolina __________ ____ _
North Dakota _______________ _
Oh io __________ ______________ _
Oklahoma ___________________ _
Oregon ______________________ _
Pennsylvania ________________ _
Rhode lsland ________________ _
South Carolina _____ ______ ___ _
South Dakota _______________ _
Tennessee _____ __________ ____ _
Texas __ . ____ ________________ _
Utah _______ _________________ _
Vermont ____________________ _
Virginia _____________________ _
Washin!(ton ___ ___ ___________ _
West Virginia _______________ _
Wisconsin ___________________ _
Wyoming ____ ____ __ _________ _
Puerto Rico _________________ _

3
• 25
5
• I Ill

• 26
8
35

3
'19
5
' 86
• 26
8

3

30
JO
• 19
47
3
16
5
7 21
45
3

1
' 11
2 385
9
14
4
4

9
'150
9
12
4
3

!O
• 25
56

3
16
5
7 22
50

- ---TotaL _________________ _ - -1,1, 140
486

Bee footnotes at end of table.

117703-39--2

Digitized by

Google

18

HEPOHT 01<' RECONSTRUCTION FINA~CE CORPORATION

3.-Number of authorizations, and number of new borrowers, etc., to tchid
authorizations were made, by States, during the third quarter of 1938 L-Con.

TABLE

PURCHASES or PARTICIPATIONS AND AOREUIIENTS TO PURCHASE PARTICIPATIONS IN
ENTERPRISES
Number Number
or auth•
or new
orizations borrowers

State
Alabama
.................... .
Arizona. ____________________ _
Arkansas .. .. .......... ..... . .
California ...........•.... ... .
Colorado ........•............
Connecticut. ............... . .
District of Columbia .•...... .
Florida ..................•....
Georgia ...............•......
Idaho ...............•........
Illinois ...................... .
Indiana .......•••...... .... . .
........................ .
Iowa
Kansas ______________________ _
Kentucky ................... .
Lcuisiana ___________________ _
Maine ....................... .
Maryland .. ................. .
Massachusetts ...........•.•..
Michigan ....•...........•....
Minnesota ................... .

~l:~s:;~f:!:::::::::::::::-::::
Montana ..•..................

Nebraska ..... . . . ... . ........ .

7

7

5

5
'4

'4
24
5
5
4
' 11
10

24
5
5
4
' 11
JO 8
3

9

3
14
11
3
13
9
'2
1

14

IO
~

13
9

•1

I

14
8

5
• 16
II 25
13
8

'12

• IO

5

'16
26

II

2

2

'2

I 2

LoANS

TO B,SISl!II

umber Numbor
or autb· or new
orizations borrowers

State

- - - - - - - - - - - - - - --New Hampshire.............
New Jersey..... ..............
New Mexico..... ....... .....
New York...................
North Carolina...............
North Dakota................
Ohio.........................
Oklahoma...... ..............
Oregon... .. ..................
Pennsylvania.... .. ..........
Rhode Islan<L...... .........
South Carolina...............
South Dakota.. ..............
Tennessee........ . ...........
Texas.......... .... . .........
Utah...................... . ..

1

u 19
5

"33
9
1
II 25

3
10
21
3
8
2

r" 19
• 21

~r:;ri
i~~=::::::::::::::::::::
Wash~~/(t~n,.................

West\ lf~lllla................
Wisconsin. . ....... ... . . ......
Wyoming....................
Puerto Rico..................
T otaL.................

1
1~
II 24
9

12

'"'ZI

I
I
17

·-

12

2

I

1----+--463

TOTAL, LOANS TO PUBLIC BODIES TO AID IN FINANCING PROJECTS AUTHORIZED
UNDER FEDERAL, STATE, OR MUNICIPAL LAW
[Under sec. 5d or the Reconstruction Finance Corporation Act, as amended)
Alabama ..••.....•..••.•.•••.
Arkansas .•.••........•.......
California ••••.....•..........
Illinois .••.•..................
Iowa ........................ .
Maine .•••.•.•................
Michigan .•..................
Mississippi. ...••.............
New Jersey .•..•..•.•........
New Mexico .••••............
New York ....•.•............
North Carolina .•....••...•..

1
I
6
2
1

Ohio.........................
Oklahoma....................
South Caro)lna........... . • . .
Tennessee....................
Texa.,........................
Utah.........................
V lri?!nla......................
Washlm!ton._................
Wisconsin .. -·····'···-·····-··
Alaska •••••.••.• ·-···········

l

Total .•.••.• ·-·-········

2
6
3
1
I

5
8

4
1
1
1
I
8
2

1
1
1

I

•8
I
I
14

•I
1
I
•1

3
I
2
2
1
1

J

88

41

1
I
1
1
I

1-----+---

TOTAL, SEC. 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets or closed banks and trust companies]

l

Michi•an
•..••..•.•.•••••.•.. __(t_•)_
61_ _(t_')_
n 611
Ohio.:_
...•••.....••...•....•
TotaL.................

6

6

TOTAL, SEC. 201 (a), TITLE II, OF THE EM ERG ENCY RELIEF AND CONSTRUCTION .H'T
OF 1932, AS AMENDED
[Loan on self•llquldatlng project)
Arizona ...........•.......... ,

1

1·········· I

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED
[Subscriptions for preferred stock or banks and trust companies]
State
Florida ....................•........•....
New Jersey ............•........•........
New York .............•.....•.....•.....
Ohio .........................•.....•..•..

Numberorau• NumberoCnew
thorizatlons
bprrowers
I

Less: Du•
plications

Netnomborof
new bonoWln

1 .•.••...••.•..

~ ··············s·
1
1

·····-······f ···········-··1

1 ·····•··········
Total. ............... :.:··:.:·:.:··:.:·.:.··:.:·:.:··:.:·:.:·.:.J·_ _ _ _~ll~_ _ _ _,.!1::!:o..J.__ _ _~8...!-_ _ _ _,

- - - - - -------11----·-

See footnotes at end or table.

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Google

REPOHT OF ln'.('0:\"HTHlJCTIO:\" FI:\".\:\"CE COHl'OHA'flON

19

3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by .States, during the third quarter of 1938 L-Con.

TABLl!I

TOTAL, SEC. 36, TITLE II, OF THE E\rEH<lF.",'f'Y FA!t'.\f :\IORTOAOE ACT OF 1933, AS
A:\IENDED
[Lmms to drainage. levee, irrigation, and similar districts, etc.]
!\um her

State

of uuthorizations

Arizona ______________________ - - - 2 Arkansas_____________________
1 g•
California. ___ ·-------________
ug
Colorado_____________________
1
Florida_______________________
•2
Idaho. ___ -------------------3
Illinois_______________________
•5
Mississippi_,_________________
14

!\um her
of Ut,W

State

borrowers
'l
1

:\t issouri ____________________ _
i\'ehraska ____ •. _____________ _

:!'\'cw .Mexico ________________ _

()rpgon ______________________ _

Texas _______________________ _
Total __________________ _

:S:umber Number
of auof new
thoriza- borrowers
tions
3
• 2

1

I

1
1

I
116

48

8

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS A:\fF.NDED
(Loans to borrowers enl(aged in the mininl(, milling, or smelting of ores]

31
311
California ____________________ ,
Montana_____________________
1
1
Total__ _________________ - - - 4 - - - - - 4
1 "Borrowers, etc.," includes applicants to which loans have been authorized and institutions in connection with which purchases of µn•ft•rred stock, rapital notes or detwntures have heen authorized.
• Includes 334 loans approved to 104 fruit grow,•rs located in <X'rtain areas in Washington.
• Not included in the State totals shown above, because the operations of the borrowers, etc., ordinarily
are not confined to any one State.
• After rllminatin~ duplications, the net numher of new borrowers during the third quarter of 1938 wu
1,659. Such duplication arises whrn the Corporation, during the third quarter, made an authorization In
connection with a borrowPr for the first timt' under one class or loan or other authorii.ation, and had made
an authorization in connection with the same borrower during a prior quarter under a different class of
Joan or other authorization.
• During the third quarter ofl9M, one authorization under"purchases of participations In loans to business
enterprise,s," made prior to the third quarter, was transferred to "loans to business enterprises." This
transfer has not been deducted from the number of authorizations and the number of new borrowers under
"purchases or participations in loans to business C'nt.rrprise.s,'' nor added to the number of authorizations and
the numher or new borrowers under "loans to business enterJlriscs," inasmuch as the authorization was
made during a prior quarter.
• During the third quarter of 1938, one authorization made prior to the third quarter was completely
rescinded. This rescission has not been deducted Crom the number Gf authorizations and the number of
new borrowers during the quartC'r inasmuch as the authorization was made during a prior quarter.
7 During th<' third quarter of mas, one authorization under ''loans to husiness enterprises," made prior to
the third quarter, was transfnr<'d to "purchRSf'S of participations in loans to business enterprises." This
trans(er has not been <lC'duf'ted from the numlier o( authorizations and the number or new borrowers under
Joans to business entrn1rises,'' nor added lo the number or authorizations and the number of new borrowers
under .,purchases or participations in loans to business enterprises,'' inasmuch as the authorization was made
during a prior quarter.
• During the third quarter of 1038, two authorizations made prior to the third quarter were completely
rescinded. These rescissions havr not bel'Il derluctod Crom the number of authorizations made during the
quarter, inasmuch as the authorizations We're made durinJ?; prior quarters.
• During the third quarter of 1938, one authorirntion made prior to the third quarter was completely
rescinded. This rescis.sion has not hl'f'n de<luctPd from the numl,er of authorizations made during the quar•
ter, inasmuch as the authorization was made during a prior quart.er.
"During the third quarter or 1938, flw authorizations made prior to the third quarter were completely
rescinded. Thr~e rr~cissions t,Rve not hN•n deducted from the uumher or authorizations and the number
or new borrowers durinJ! tl~e quarter, inasmuch as the authorizations were made during prior quarters.
11 During the third quarter of 1938, two authorizations made prior to the third quarter were completely
rescinded. These rescissions have not been de,luctcd Crom the number of authorizations and the number
of new borrowers during the quarter, inasmuch as the authorirntions were made during prior quarters.
11 During the third quarter cf 1938, three authorizations made prior to the third quarter were completely
rescinded. These rescissions ha,·e not been deducted Crom the number of authorizations and the number
or new borrowers during the quarter, inasmuch as the authorizations were made during a prior quarter.
u During the third quarter of 19:;s four authorizations made prior to the third quarter were completely
rescinded. These rescissions have not been deducted Crom the number of authorizations made during
the quarter, inasmuch as the authorizations wr.re made during prior quarters.
u During the third quarter of 1938, three authorizations made prior to the third quarter were completely
rescinded. These rescissions have not he<'n ,lerlucted Crom the number of new borrowers during the quarter,
inasmuch as the authorizations were made durinl( a prior quarter.
u During the third quarter of 1938, three authorirntions made prior to the third quarter were completely
rescinded. These rescissions have not hel'Il rleducted from the number of authorizations made during the
quarter, inasmuch as thr aut hnrizat ions were made during prior quarters.
11 During the third quarter of 1938, two authorizations made prior to the third quarter were completely
rescinded. These rescissions have not been deducted Crom the number of new borrowers during the quarter,
inasmuch as the authorizations were made during a prior quarter.
17 Includes three borrowers to whom loans were authori,.ed prior to the third quarter of 1938 under section
~. as amended, of the Reconstruction Finance Corporation Act, such borrowers being included under that
,ectlon In previous quarterly reports. During the third quarter of 1938, authorizations weie made to these
llorrowers nnder section 5e ol the Reconstruction Finance Co1poration Act, as amended.
"During the third quarter of 1938, six loons to a borrower under section 5 of the Reconstruction Finanoe
Corporation Act, as amended, made prior to the third quarte!:, were transferred to loans under section 5e
ofthe Reconstruction Finance Corporation Act, as amended. This transfer has not been deducted from the
number of authr.rizations and the number of new horrowers under section 5, nor added to the number of
authorizations and the number of new boirowers under section 5e, Inasmuch as the loans were made during
41

prior quarters.

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20

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1

TABLE

GRAND TOTAL

Num• Num-

State

berof
authorizations

Alabama . .... ... ..•.•••....
559
Arizona . ........••.•... ...•
117
Arkansas .•.••.•..........•
784
California.... _......•......
956
Colorado . . ..•.......•....••
342
Connecticut. ••...•.....••.
291
211
Delaware .••• •.. ...•...•.•.
District of Columbia..••.•.
146
491
Florida ...•...•. •.. .•..•.•.
Georgia.•••...•....•..•.•• _ 968
Idaho ...•.••.••..........• _ 269
Illinois ...••.•.........•..•• I, 997
Indiana .•••.•. ...• ......... 1,015
Iowa ...•••••..•..•......••. 1,144
647
Kansas ...••••.....••••.•..
Kentucky ••.••..•.•••.•••.
707
Louisiana .....••. •......•..
715
213
Maine ..•.••.......•..••••.
Maryland ....• ............
392
Massachusetts •.. ..••.•....
587
Michigan . ........• . .•..... 1,454
Minnesota .•..••.....•.....
996
Mississippi. •.•...•.•......
836
Missouri.. .••••.•....••••.• 1,224
Montana ••.•.•.•••.. . •...•
309
Nebraska .................. 1,349
Nevada ....................
70
New Hampshire...........
57
New Jersey •. ..•... ........ 1,279
New Mexico .•••.•..•......
109
New York . .•...•••••.••••• 1,881
North Carolina •.•.....••..
648
North Dakota ••••••.••••••
378
Ohio ..••.•••.....•.•....... 1,542
Oklahoma .•••..•.•...•...•
444
Oregon ••....••••••.••....•
508
Pennsylvania..•••••.•..... 2,240
Rhode Island .•.••••••••.•.
44
South Carolina ••.••.••••..
273
South Dakota .•.• : ••..•.•.
462
Tennessee •.••.•....•......
789
Texas ........... . .......... 1,426
Utah ••.•............•..•..
230
Vermont ...................
160
Virginia ..•.•..............
549
Washington ............... 111,947
West Virginia .•......•.••..
505
Wisconsin .. ••..•.........• 1,448
Wyoming ...•..•••.•••••...
118
Alaska ..•••. .••... •..•. ....
15
Hawaii .•...•••••••..•.•.••
5
Puerto Rico ....••.••.•••••
33
Virgin Islands .•..•.•••••..
3

berof
borrowers

Amount
withdrawn or
canceled

Amount
authorized

333 $39,470,037. 75 $5, 279, 269. 82
1, 600, 381. 70
73 24, 659, 722. 77
539 66,991,166.67 11, 271, 509. 16
558 672, 635, 720. 46 40, 360, 662. 49
5, 774, 649. 78
241 ~. 042, 219. 96
5,346,462. 01
189 33, 933, 800. 41
3,407,000. 00
2,233,300.00
27
5, 235,036. 01
61 37,418,944.01
5, 641, 085. 25
375 32, 1164, 018. 20
6, 546, 278. 46
744 34, 6.'i6, 475. 29
2, 202, 011. 71
150 15, 472, 828. 94
1,209 445, 590, 290. 2i 56,861,210. 70
717 84, 137, 816. 54 15, 18-i, I 76. 40
728 90, 283, 922. 33 14, 648, 050. 12
3, 965, 444. 17
493 21,701 ,008. 78
472 52, 442, 365. 09 11, 667, 762. 32
364 223, 915, 585. 86 88,426,652.41
116 78, 480, 279. 02 ll, 068, 831. 25
276 152,804,912.23 15, 820, 538. 03
449 101, 253, 963. 98 16,195, Ml. 22
876 532, 770, 525. 61 105, 677, 555. 80
5, 735, 679. 22
676 41,009,323.26
4, 920, 775. 66
514 /iO, 737, 496. 59
811 128,933, 123. 61 34,042,887. 52
1, 612, 610. 14
176 15, 550, 577. 22
3, 892, 346. 29
430 26, 488, 506. 32
4, 294, 337. 77
36 12,908,719.04
6, 436, 5.13. 00
1,316, 700. 78
49
871 254,433. 122. 95 35, 673, ~29. 17
1, 583, 726. 78
74 11,999,076.01
1, 3.12 780, 539, 897. 70 194,104,761.97
468 72, 885, 387. 29 13, 693, 003. 21
1, 611, 126. 45
275 14,320,306. 73
1,121 604,331,264.63 13·2, 617, 823. 23
2, 052, 334. 03
233 27, 232, 404. 34
4, 967, 150. 18
274 28,307,007.89
1,482 348, 529, 265. 52 71, 121, 543. 20
8, 257, 699. 40
768,421.36
32
177 38, 656, 450. 24
5, 329, 675. 82
4, 180, 146. 17
309 19,059, 113.58
495 131, 141,860. 28 15, 600, 997. 37
1,022 137, 683, 471. 27 19, 136, 736. 67
4, 225, 546. 91
143 22, 837, 215. 94
2, 345, 280. 27
106 29, 072, 821. 63
8, 311, 468. 53
385 50, 504, 073. 54
1,214 85, 400, 971. 44 18, 689, 539. 98
5,893, 856. 49
309 48, 207, 045. 78
1,059 126, 934, 191, 13 19,195,109.57
6, 601, 929. 24
1,017,137. 60
59
1, 297, 000. 00
13
66.000.00
1, 444, 935. 00
214,103.00
4
7, 898, 000. 00
1, 272, 439. 78
28
251,000. 00
126,000.00
1

-Total ..•.•.•••••••••• 35, 703 23,168 5,912,712,414. 74 1,050,710,303. 93
--

Authorizations:
Loans to The RFC
Mortgage Co.• .......•.
13
Loan to Federal Na•
tlonal Mortgage Asso•
elation• ...........•....
1
Loans to Federal land
banks• ............•••. • 57
Loans to Federal intermediate credit banks •.
8
Loans to regional agrlcultural credit corpo•
rations (rediscounts)•.. 1,343
Loans to railroads (in•
eluding receivers and
trustees• ••.••.••••..•.
174
See rootnotes at end of table.

1
I

12 '399, 636, 000. 00
8

$32, 544, 827. 93
11,655,128. 41
50, 818, 814. 69
545, 322, 275. 28
21, 167,804. 29
28, 068, 640. 72
1,117,200.00
31,447,659. 50
20, 083, 332. 85
25,589,966.91
12, 648, 593. 78
385,177,945.81
67, 974, 930. 55
75, 203, 736. 55
17, 171, 520. 73
39,232,974. 42
135, 076, 360. 80
67,357,697. 77
128, 243, 653. 76
82, 554, 200. 53
418,221,281.26
34, 393, 110. 80
40, 335, 333. 65
91, 540, 956. 58
I 3, 708, 448. 58
21, 814,329.04
8, 478, 68 I. 27
4, 59t, 852. 22
214, 695, 444. 42
9,419,934.90
579, 174, 782. 8.1
58, 370, 976. 92
12, 565, 358. 88
452, 391, 353. 79
24,445,570.31
22. 261, 170. 95
270, 618, 568. 27
7, 184, 028. 04
31, 323, 004. 63
14, 827, 969. 02
105, 639, 506. 30
112, 938, 266. 98
18, 403, 669. 03
26, 642, 541. 36
39, 022, 101. 11
48, 932, 528. 76
41, 533,228. 06
106, 304, 421. 56
5, 546,091.64
1,050, 500. 00
1, 230, 832. 00
4, 660, 660. 22
125,000. 00

9, 250, 000. 00

004, 903. 00
121,500.00

17, 595, 018. 30

85, 222, 902.17

-

12, 400, 000. 00

$10,691, 150. 44
6, 018. 607. 42
19,035, '.lei. 06
213, 934, 205. 33
7, II9, 636. 18
8, 356, 938. 11
316,900.00
3,146,997. 75
9,21 3,429.41
10, 304, 987. 08
3, 494, 293. 79
114, 152. 639. 3fi
12, 77ij, 7.'iO. 09
7,045,848. 52
5,461,144.52
7, 774,112.31
29, 234, 255. 02
8, 285, no. 21
32, 8.'6, 742. 70
23,144,371.65
56, 846, 102. 93
8, 051, 238. 52
12, 169,473.37
21, 460, 405. 2'2
3, oea, 692. as
6, 815, 895. 38
1,000, 519. 56
876, ,87. 03
9 ) , 385. 427. 33
6, 68fi, 613. 45
125,213,437.47
10, 449, 881. 06
3, 344, 002. 02
72, 130, 816. 78
3, 163, 797. 45
7, 845, 879. 00
116, 676, 756. 32
3,651,705.36
3, 503, 397. 54
3, 286, 535. 37
24, 670, 649. 33
42, 636, 842. 45
3, 050, 450. 66
17,187,920.21
9, 560, 599. 35
9, 106,655.21
6,417,855.04
2.5, 021, 751. 75
1, 260, 244. 13
763,000.00

4, 620, 851, 868. 66 1, 148, 689, 776. 47

-------------25, 000, 000. 00 ---------------

95, 021, 275. 61

Amount outstanding as of
Sept. 30, 1938 •

Amount
disbursed

12, 185, 258. 38

12, 185, 258. 38

1 387, 236, 000. 00

---------------- _____________

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

9, 250, 000. 00

_..,

6, 696, 811. 76

173, 243, 640. 72

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

77 722, 897 295. 00 106 393 555. 89

604 6.77 739. 11

4.19 36' 376. 68

12 178, 840, 452.. 48

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REPOR'l' OF RECONSTRUCTION FINANCE CORPORATION

21

4.-Number of authorizationlf and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States I-Continued

TABLE

GRAND TOTAL-Continued

State

b:~~f

Num-Numberof
thor- boriza- rowtions ers

Amount
authorized

Amount
withdrawn or
canceled

Amount outstanding as ol
Sept. 30, 1938'

Amount
disbursed

Loans !or financing exports ol agricultural

surpluses•··-----------

Loans to Secretary ol
Agriculture to acquire
cotton•---------------Loans to Commodity
Credit Corporation•--Subscriptions lor stock ol
The
RFO Mortgage _
Co.• __________________
Subscription !or stock ol
Federal National
Mortgage Association 1_
Subscriptions !or preferred stock ol ExportImport Bank of Washington •--------------Subscriptions !or preferred stock or Second
Export-Import Bank
of Washington, D. c.•_
Loan to Rural Electriflcation Administration 1

7

4 $83, 370, 955. 22 $33, 146, 368. 56

2

1

28

23, 500, 000. 00

$30, 224, 586. 66

$10, 046, 895. 99

--------------------·-----·----

20, 200, 000. 00

3, 300, 000. 00

I 1,604,712,664.99 836, 995, 702. 78

767, 716, 962. 21

3

1

25, 000, 000. 00

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

25,000, 000. 00

25, 000, 000. 00

1

1

11, 000, 000. 00

-

-------·------

11,000,000.00

11, 000, 000. 00

3

I

45, 000, 000. 00

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

20, 000, 000. 00

20, 000, 000. 00

1

2,500,000.00 ---------------

1

76. 500,000.00 ---------------

Grand total_ ••••••••• 37,345 23,290 9,214,941,058.04 2,065,442,742. 92 •

2,500,000.00 ---------------46, 500,000.00

46,497,574.54

7 6,798,908,957.91 7

I, 710,378,900.36

TOTAL, SEO. 6 OF THE REOONSTRUCTION FINANCE CORPORATION ACT, AB
AMENDED
Aisbatna___________________
Arizona ________ -·-····-··-_
g~~~7Ira::::::::::::::::::
Connecticut. ______________
Delaware __________________
District ol Colwnbia _______

li:::i==::::::::

:i/ssachusetts __ •••• -····-·

:i.d~~':s~~-------· ----------

11· .. •-···---·--·-----MISSISS!ppi.. - --------··-- -

M~~i~~~-----·· .. --·--· ---

~:t~tt~~~~~~~~~~~~~~~~~

New trse_y ________________
N;: Yo"r~co _______________
N
---··------··---Nort~ Carolina
____________
t Dakota _____________
0

g

1

~~~:~g~~~:: : : : : : : :
Ri~~s:i:1!~ia_ ·- -- • - -· ·-. -South Caro1%--··-··--·-·South Dako~aa.···-····-· -

340
41
375
487
151
91
3
!JO
175
306
138
1,411
535
919
305
401
428
120
211
174
931
562
266
655
143
469
35
18
705
41
530
363
161
7i6
320
255
1,229
8
156
263

$15, 893, 876. 42 $4, 207, 294. 82
3,041,300.00
287,048.27
32, 158,020.69
6, 386, 714. 13
208,867, 103. 50 10,469,267.32
9,822,071.29
!, 499, 022. 97
2, 619, 045. 69
20, 722,785.41
257,000.00
8,000.00
2, 878, 536. 01
31,700,434. OJ
10, 329, 430. 82
4, 080, 802. 39
2,953,178.13
13, 808, 892. 50
8, 269, 781. 61
908,700.85
243, 405, 442. 99 42, 409, 236. 27
54. 495,374.00 10, 955, 864. 24
73, 109, 715. 13 11,595,178.27
9,321,804.31
!, 973,233.92
23, 656, 285. 60
4, 443, 456. 70
129,921,025.09 34, 362, 624. 74
7,868,254.21
65, 027, 734. 02
IJ3, 907, 5:35_ 56 12, 217, 824. 36
70, 829. 903. 32
9,561,581. 77
430, 489, 921. 52 98, 830, 873. 13
17, 183. 179. 13
3. 577,224. 78
19,196,237.03
2, 626, 330. 97
78,555,144.75 24,244,379. 10
5, 733, 700. 41
602,498.68
13, 702, 223. 59
2, 408, 505. 63
674,356.69
7,999,032.11
356,139.92
!, 794,000.00
136,902,074.31 18, 703, 898. 84
2, 597,215.05
705,669.02
301, 969, 030. 11 103, 552, 323. 79
52. 169, 076. 95 10,877, 734. II
7,944, 784. 75
I, 048, 148. 33
396,413, 182. 46 89, 234, 81 I. 04
I. 587,406.52
9, 846, 524. 53
11,526,831.43
2, 278, 750. 93
231,041,865.81 52,895. 780. 57
271,921.36
2, 340, 859. 40
3, 976, 730. 13
25, 763, 495. 24
3, 842, 387. 18
129 12, 027, 993. 72

154
18
197
199
87
42
3
30
126
160
56
707
300
525
172
199
173
36
122
80
417
290
135
332
61
189
12
13
436
19
257
205
83
462
145
87
618
3
77

$11, 686, 581. 60
2, 754, 251. 73
25,740,456.56
198,385,746.46
7, 676, 086. 07
18, 103, 739. 72
249,000.00
28, 430. 823. 00
6, 248, 628. 43
10, 855, 589. 37
7,361,080. 76
200, 80 I. 306. 72
43, 296, 709. 76
61, 492, 836. 86
7, 348, 570. 39
18, 777, 828. 90
95, 558. 400. 35
57,147,479.81
93, 552, 715. 76
61,268,321.55
330,741.470. 30
13, 59 7, 454. 35
16, 569,906.06
54, 278, 954. 37
5, 103,167.30
10, 993, 717. 96
7,195,475.42
1,437,860.08
116, 723, 040. 66
!, 891,546.03
197, 488, 804. 04
41,242,793.37
6, 896, 636. 42
301,982,238.39
8, 259, Jl8. 01
9, 184, 180. 50
175,245,885.24
2, 068, 938. 04
21, 786, 765.11
8, 185, 606. 54

$1, 016, 349. 30

---------------·
1, 393, 643. 55

94, 747.9~
541,231.26
688,231.65
871,626.25
1, 243, 753. 57
I, 117,979.82

--- 50,
----205,
- -- 294.
------30
357,208.10
291,429.80
2Jl,641.8g
62,195.52
20, 437, 678. 33
!, 434, 346. 49
6,472,151.00
10, 786, 594. 38
15, 325, 950. 02
45,403.86
174,386.15
4, 525, 807. 34
99,849.89
1,221,368.39
320, 757.17
10, 4il, 151. 04
9,433.90
37,654,641.30
2, 718, 607. 06
54,947.70
9,232,313.63
230,585.
445,091.82
8,725,519.34
341,452.66
135,617.96
85,633.20

See footnotes at end ol table.

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«

22

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. SO, 1988, inclusive, by
States 1-Continued

TABLE

TOTAL, SEC. 5 OF THE RECOJ\TSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED-Continued

State

Num- Numberol ber or
anthor• boriza-

lions
Tennessee _________________
Texas ______________________
Utah __ ---·----------------

Total. _______________

ers

483
607
131
86

~r:-~rii~:-::::::::::::::::::
Washington _____________ -·
West Virginia _____________
Wisconsin _________________
Wyoming __________________

~~";~t
::: :::: ::: ::::::::::
Puerto Rico _______________

row-

Amount
authorized

223 $84,511,847.03
308 65, 301, 248. 83
60 13,313,831.62
37 11, 314, 096. 63
138 27,665,056.33
174 45, 172, 439. 21
160 29, 202, 846. 61
526 70,398,469.61
4, 644, 329. 24
23
2
100,000.00
2
850.000.00
2, 703,000. 00
5

264
609
323
832
75
2
2
7

--

Amount
withdrawn or
canceled

$8, 678, 271. 78
8, 626, 311. 09
2, 761,746.87
2, 218, 289. 77
4. 638, 703. 00
12, 714, 715. 19
4,458,647.94
12,646,261.67
534,637.60

--------------14,103.00
372,694.25

.

Amount
disburse:l

$7~, 564,311.04
56,674,937. 74
10, 552, 084. 75
9, 095, 806. 86
21,660,411.93
30, 971, 100. 02
24,675,198.67
57,742,207.94
4, 109, 691. 64
100,000.00
835,897.00
841\ 305. 75

18,028 9,014 3,258,919,053.68 651,645,117.94 2, 5SO, 436, 665. 33

--

Loans to:
The RFC Mortgage Co.•_
13
I 95,021,275.61 --------------85, 222. 902. 17
Federal National Mort•
gage Association 3 ______
I
1 25,000, 000. 00 --------------12,185,258.38
Federal land banks•----12 '399, 636, 000. 00 12, 400, 000. 00 I 387, 236, 000. 00
• 57
Federal intermediate
8
8
9, 250, 000. 00 --------------credit banks'---------9, 250, 000. 00
Region a I agricultural
credit corporations (rediscounts)• _____________ I, 343
173, 243, 640. 72
5, 596,811. 76
12 178, 840, 452. 48
RBilroads (inclurtlng re•
ceivers and trustees)• ___
174
77 722, 897, 295. 00 106, 393, 555. 89
604, 677, 739. 11
- -Grand total.. ________ 19,624 9,125 4,689,564,076. 77 776, 035, 485. 59 3, 852, 252, 235. 71

Amount ont•
standing as of
Sept. 30, 1938'

$9,004, 6.59. M
8, 518, 271. 91
155, 714. 73
257,836.32
2, 071, 184. 81
2, 361,234.87
1, 141,175.69
149,235.90
307,038.07

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

213,010, 772. 93
17, 595,018.30
12, 185, 258. 38

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

------------------- ---- -------419,364,376.68
662, 155,426. 29

BANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGENTS AND CONSIIRV.LTORS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, BS amended]
Alabama ___________________
314
Arizona ____________________
39
Arkansas
__
·----------·
____
312
California __________________
424
Colorado ___________________
128
78
Connecticut_--------·-·--Delaware __________________
3
District of Columbia _______
103
Florida ____________________
150
Georgia. _______ ·------ _____
278
Idaho ______________________
98
Illinois _____________________ 1,262
504
Indiana
____
--------------·Iowa _______________________
871
Kansas. ___________________
295

Eii~Y~!L::::::::::::::::
Maine ___________ ·- __ ----·_
Maryland __________________
Massachusetts ____________ •
Michigan __________________
Minnesota _________________

~i:~~~~~~·-:::::::::::::::
Montana_·------ ________ ._
Nebraska __________________
Nevada ____________________
New Hampshire ___________
New Jersey ________________
New Mexico _______________
New York _________________
North Carolina ____________
North Dakota _____________
Ohio ___________________ ----

380
371
117
152
104
800
549
257
624
99
443
31
18
378
27
420
240
154
I 503

138
16
158
159
72
30
3
25
110
146
50
610
275
494
163
179
132
33
77
48

1329

279
120
314
52
177
9
13
149
14
rn1
118
77
I

264

$12, 946, 065. 87
2,061,300.00
26, 6\10, 006. 49
126, 234, 475. 25
5, 338, 993. 30
18, 498, 217. 73
257.000.00
30, 510, 901. 41
8, 926, 297. 83
11, 710, 397. 99
3, 659, 856. 72
218,947,984.00
47, 759, 374. 00
62, 920, 365. 13
8, 802, 304. 31
20, 780, 857. 60
118,691,162.69
61, 827, 134. 02
62, 344, 393. 96
42, 058, 700. 00
408, 268, 957. 60
13; 749, 679. 13
18, 463, 259. 36
62, 967, 002, 84
3, 120, 987. 51
7, 841, 848. 59
6, 403, 725. 92
I, 794, 000. 00
80,847,892.30
1,513,773.54
117, 778, 719. 27
37, 7116, 187. 51
7, 649, 284. 75
285, 393, 899. 64

$3, 632, 841. 116
187,048.27
5, 732, 719. 86
8, 520, 287. 99
1,129,192.13
2, 254, 560. 17
8,000.00
2, 878, 536. 01
3, 940, 182. 78
2,424, 313. 55
757,710.33
34, 365, 685. 43
9, 587, 076. 55
8, 499, 214. 28
1, 837, 750. 58
3,016,468.31
32,091,837.34
7,868,254. 21
8, 859, 524. 77
6, 034, 979. 83
93, 071, 046. 22
3, 500, 237. 01
2,615,628. 19
22, 112, 205. 51
377,839.61
1, 449, 863. 51
223,394.36
356,139.92
10,876, 709. 19
539,419.14
19,502,281.47
9, 772, 258. 55
1, 039, 880. 58
57, 784, 044. 62

$9, 313, 223. 91
1, 87 4, 251. 73
20, 926, 436. 63
117,702,097.54
4,209,801.17
16,243,657.56
249,000.00
27, 295, 965. 40
4, 986, 115. 05
9, 286, 084. 44
2, 902, 146. 39
184, 387, 398. 57
37, 929, 497. 45
54, 399, 450. 85
6, 964, 553. 73
17, 329, 389. 29
86, 509, 325. 35
53, 946, 879. 81
53,419,469.19
36, 023, 720. 17
315, 107, 033. 29
10, 240, 942. 12
15,847,631.17
40,838,084. 57
2, 715, ll3. 47
6, 391, 985. 08
6,051,131.56
1, 437, 860. 08
69, 902, II 4. II
974,354.40
97, 348, 535. 52
28, 023, 928. 96
6, 609, 404. 17
222, 413, 721. 99

See footnotes at end of table.

Digitized by

Google

$387, 348. 81

-·-------------949,480.44
94,747.92

7,200.89
671,081.M

---------------217,500.00
904,301.53
740,685.93

---------------49,617,040. 9G

256, 788. 79
164,585.87
211,641.89
62,195. 5~
18, 388, 482. 23

34, H7.58
20,319.17

---------------15, 156, 494. 11
45,403.86
174, 38/i.15
1,680,934.34

99, Sl9. S9
146,559.73
10,300.00

---------------2, 344, 989. 66
9,433.90

10,642,172.94
25,098.40
54,947.10
7,984,691.61

REPOHT OF HEc '0,'.1,STHl'CTION lt'l,'.1,A:-.CE CORPORA'fl0:--1

23

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

BANKS AND TRl"ST COMPANIES-Continued

~um- '.\"um-

heror hero!
hor-

State

Oklahoma .••••••••••••.•••
Oregon .•...•••••••••••••••
Pennsylvania..•••••....•.•
Rhode Island ••••..•••••...
South Carolina ...•.•......
South Dakota ..•..........
Tennessee .••••••..••.•••••
Texas.....•.•••••••••..•..•

t~~;iza-

row-

tlons

ers

299

127

225,

80
ll, 372, 880. 88
52'J 218. fil 7, 159. fi5
2
I, 873, 413. 40
,'i.1 21,325, 946. 13
122'
5. 140. lilfl. 70

1.12::1

Utah ••••..••••••••••••.•.•

Vermont •...•••••.•••.•••..
Virginia .....••..•••••••..•
Washington ••••••.....••..
West Virginia.....•.....•..
Wisconsin ..•••••.•.•••....
Wyoming .....•...•.•..•...

tlaS:.~c=
== ==..•••.••..•••.•
=: ==========::
Puerto Rico

Am011nt
authorized

115
251
43:1
5().1

03
8f,

234
378
298

730
41
2
2
7

IUSI

23!1
55
37
116
147
138
444
17
2
2
5

$4,691,874. 53

73, II 7,431. 50
31,498,474.80
8,001,388. 52
11,314,096. 63
20. 315,808.67
32. 4fi7, 510. 09
25,067,355.84
41,720, \IOO. 81
I, 4M, 574. 42
100, (XJO. 00
8.50. 000. 00
2, 703. 000. 00

Amount

Amount out·
standing as or
Sept. 30, 1938 •

Amount
disbursed

withdrawn or
CH nee led

$1, 4fi3, 972. 00
1. 557, 778. 38
50, 49-l, 459. 36
259, 658. 36
2,600,537. ,52
I, 0\16, 11:J. 38
6,371,046. 67
5, O:>ll, 872. 22
2,405, 153. I 7
2, 218, ~'89. 77
3,374, 5.52. 10
11,661,044.30
3,620,000. 57
10,317,179.57
290,041.53
.............. .
14, 103. 00
372, 694. 25

$3,227,001.57 ..•••.......••••
7, 751, 202. 50
$105, 001. 82'
165,222, 500. 29
5,100,249.17
I, 613, 75.5. 04
245, 722. 66
18. 725, 408. 61
134, 962. 68
4, 044, 803. 32
85, 633. 20
66, 660, 784. 83
5, 528, 024. 9~
26, 441, 602. 58
2, 725, 051. 62
5,596,235. 35
155, 714. 73·
9, 095, 806. 86
257, 836. 32
16,941,256.57
91,752.23:
20,773,841. 79
1,512,411.49
21, 378, 355. 27
638, 402. 41
31,393,811. 24
98,885.90,
1,191,532.89 .•••••••.•••••••
100. 000. 00 ·••·············
835,897.00 ······••·•·•••••
845. 305. 75 .•••...•...•••••

TotaL ••••••••••.•.• 15,350 1 7,346 2,454,219,828.83 4i0, 020, 629. 34 1,971,735,306.18

127,782,550.53

BUILDING AND LOAN ASSOCIATIONS (INCLU1'1NG RECEIVERS)

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended)
Alabama ..•.•.....•..•.••..

110, 000. 00
549,000.00
5,000.00
3, 9 • 9 9. 09
1,683,000.00
I, 132,800.00
I, 449,500.00
3, 273, 860. 03
2, 463, 288. 63
2, 091,287.87
107,500. 00
l03, 500. 00
250, 000. 00
313, 605. 00
85, 000. 00
32, 074 693. 02
9, 267, 159. 38
3,580,0 18.39
155, 000.00
52,178,834.58
4, 122,100.00
I, 668,049. 11
261,077.02
290, 000. 00
1,718, 150.00
97 5, 662. 35
849,000.00
1,626,000. 00
9, 04 I, 000. 00
815, 6ll.87

$811. 96
I 37, 014. 84
523, 756. 13
3, 263. 06
40, 242. 14
. ............. .
302,971. 46
22,179.40
25,110.25
54,488.39
90, 860. 77
130, 200. 87
221,494.69
3,226.48
7,502. 78
2, 230. 27
78, 068. 78
55, 000. 00
I, 708,266.60
I, 961,134 .86
75,868.94
3,022. 75
22,547,623.40
159,297.39
149,228. 63
15, Oll. 55
405. 15
105,416. 04
25, 050. 90
5, 591. 24
15,681.12
463,211. 79
83,472.88

3,686,017.63
1,660,820.60
1,107,689.75
I, 395, 01 I. 61
3, 182, 990. 26
2,333,087. 76
1,869,793.18
104, 273.52
95,997.22
247,769. 73
235,536. 22
30,000. 00
29,27 1,426.33
7, 306,024. 52
3,504, 149.45
151, 977.25
29,631,211.18
3,962,802. 61
1,518,820.48
246,065.47
289,594.85
1,612,733.96
950, 611.45
158, 408. 76
I, 6IO, 318. 88
8,577,788. 21
732, 138. 99

········· ··· ··· ·
······• ····· ··• •
. ... ........ ... .
449, 0~6. 67
218, 397.65
··········•· · • ·•
······· ·· •· · •·• •
· ·····•··••··•• •
· · ·•·· • ····•··••
·· · ··•· ····•·· • •
···········• ····
835,270. 43'
.....•.. •·•··• ••
·•····· • • ····•· •
··•·· ········•··
231, 557.06
22,641.96
..•.•......••...
•······ • •··•·• ·•
···•·· ··· ··· ····
·· ···•········ · ·
···· ······ -·· · ··
········ ·· ·····•
. . • ... •... ..•.•.
I, 850. 00 ·
307, 038. 07

TotaL....... . ...... 1, 239 I, 014 148, 940,199.40

29,025,705.60

ll8, 134,493.80

2, I 33, 461. 62'

gJt;~;:f.i.-.:::::::::=======
Colorado ..•.•••••.••.•.....

Connecticut. ••.• ••. ..... ..
Grnrgia . . . ....•.....•.•.•..
Illinois...........••••...•..
Indiana .•.•. •••• • •••••••• ••

Iowa .... •••• .•..•.• .. •. ..•.

'f;~t;;~!:.-.:
==== ::: :: == ==::
Maryland ..•....•.•..•. •...

Michigan ••.•.•.•.. •.....•.
Minnesota....•.••.........
Mississippi .. •..•..••...•.•
Missouri.. ......••...•.....
Montana . .• •.•....•. .• .•..
Nevada ..........•. •. .•....
New Jersey .. . •.. •......•. .
New York . . .....•• ...... ..
North Carolina ...•.•..•...
North D akota .•..•..•.....
Ohio..•.......•.•......•• .•
Pennsylvania.. .•..•......•
South Carolina ...• ....••..
South Dakota .. . ..•••.....
Tennessee . • ...•..•. ..... ..
Texas ........•....•........
Virginia ....... .•...... ....
Washington . ............. .
West Virginia ...... . . ..•..•
Wisconsin .........•••.. . ..
Wyoming. .......• . .. ......

3
45
50

1
8
I
73
16
15
16
33
23
24
5
4
J

4
I
282
36
85
3
239
77
28
i

6
24
13
5
17
89
5

3
28
32
I
8
I

;o

16
13
16
26
19
16
3
4
I
4
I
256
24
68
2
173
72
19
5
6
20
9
5
16
75
2

$111,000.00
2, 795, 37 . 25

9. 805, 134. 81

$110, 188. 04
2, 658, 363. 41
9,281,378.68
106,736. 94
499,757.86

··••·····•••·• • •
$20, 950. 96
...•.....•..••••
·•·· ·• ••·····•••
·•••·•·······•••

5,000. ()() ·-·--··· ··· ·· ···
46, P88. 82

See footnotes at end or table.

Digitized by

Google

24

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizaiions were
made; and amount of authorizations, withdrawals or cancelations, disbursementi,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

I NSURANCE COMPANIES

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

State

Alabama ........... .... ... .
Arkansas ........•.........
·Colorado .................. .
District of Columbia..•.•..
Florida ••.................•
Illinois•....... . •. ........ ..
Indiana ......•.............
Iowa ................•. .....
Kansas ...........•........
Xentucky ..........•......

Louisiana _________________ _

Num•Num•
berof ber of
t~~~- bor·
iza-

row-

tions

ers

6

4
1
1
2
27
10
24
7

1
2

Maryland ................. .
Michigan . ........... ..... .
Minnesota ................ .

6
16

~l~~~s~t~:·.~~:::::::::::::
Nebraska .....•.•...•...•..

3
13
10

New Jersey .•...•.....•.•..
New York ........•........
North Carolina ••..........
North Dakota ............ .
·Ohio ...................... .
·Oklahoma ..........•......
Pennsylvania .....•...•....
South Carolina .••.........
South Dakota ............ .
Tennessee................. .
Texas ...•....... ...... ..•..
Virginia .................. .
West Virginia .....•......•.
Wisconsin ________________ _
Total................

2

0

17
7

2
6

3
6
3
1

4
12
1
3

2
208

3
4
1
1
2
14
6
13
7
1
2
2
10
2
I
6
6
5
9
5
2
4
2
5
2
1
3
9
I
2
2

Amountoutslllnding as of
Sept.~, 1938 '

Amount
authorized

Amount
withdrawn or
canceled

$339,050.00
435, 000. 00
50, 000. 00
75,000.00
33, 000. 00
6,028,500.00
4, 498, 000. 00
3, 653, 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
8,927,891.91
2, 399, 150. 00
902, 000. 00
28,483,600. 00
1,932,500.00
74,500.00
15, 865,000.00
275,000.00
I, 816,225.47
504,000.00
50,000.00
711,000.00
4, 170, 731. 66
385, 196. 62
736,990. 77
60,000.00

$41,300.00
$297,750.00 •••·············
80, 000. 00
355, 000. 00
$64, 161. (I)
. • . • . . . . . . . . . •.
50, 000. 00 ...• .. ..........
· ··············
75,000.00 ............... .
...............
33, 000. 00 .....•....... ·•·
96,042. 28
5,932,457. 72
184, 500. w
1, 262, 021. 45
3, 235, 978. 55 ·•·•·•·· ········
102, 290. 84
3, 550, 709. 16
126,843. 113
87,983.34
334,016. 66 ·•··············
1,000,000.00 •·········•······ ·••··· ··•·······
21,943. 75
1,248,056.25
191, 291.0'l
···············
13,985,000.00 •·•••···········
609,394.50
4,207,519.26
65,00'l. 71
6, 000. 00
22, 500. 00 •.•.............
..•............
112,000.00 ..•.............
298,218.63
8,614,574.76
1,662,366.01
401, 663. 56
1, 997, 486. 44
37,115.00
88, 500. 00
813, 500. 00
237, 016-51
1,086,357. 04
27,397,242. 96
364, 13llll
112. 50
1,932,387.50 ·•·•····•·······
5,000.00
69,500.00 ·•··············
7,033,661.80
8,831,338.20 •··•·····•······
1,950.00
273,050.00 •··•·••··•······
744,325.47
1,071,900. 00 •..•.•.........•
···············
504,000.00 •·••·•··········
···············
50,000.00 ·•••·•··········
34,125. 51
676,874.49
275,IXXJ.00
44, 083. 24
4, 126, 648. 42
296,323.28
10, 104. 37
375, 092. 25 ...••.••........
276,363.58
460,627.19 ······•·········
.... ...........
60,000.00 ·••·•···•·······

133 104,039, 750. 19

13,331,441.86

Amount
disbursed

90, 693, 209. 81

3,493, 755.0I

MORTGAGE LOAN COMPANIES

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama •..................
Arizona .... .......•....•...
Arkansas ...•..............
-California................. .
Colorado ...•...•...•.. ... ..
Connecticut. .... . ........ .
District of Columbia . ..... .
Florida ..... ..... •.••..... •
Georgia . . ...••....... •....•
Idaho ....... . ..•.......•...
Illinois ...•.........•...•...
Indiana .•.••....••••...•...
Iowa ....•.•................
Kansas ....• ... ...... .•. . ..
Kentucky ................ .

Louisiana ______________ ___ _

16
I
6

9
8
4

6
8

21
3

47
1

4
3
2

18

Maine . ....•.•.......•...•.
Maryland .........•.. .... .
Massachusetts ...........•.
Michigan . ....•.... . . .... ••
Minnesota . ...... ... .• .....

30
64
88
4

~l~~~t~:~:::::::::::::::
Montana .........• .. ... . ..

JG

1

2
I

Nebraska ................. .
8
Nevada ................... .
3
New Jersey ...•..•.......•.
38
New Mexico ...........••..
5
New York . ............... .
54
25
North Carolina ........... .
Bee footnotes at end of table.

9

~
7
8
3
4
4

10
3
12
1
2
2
1
11
I
24
27
60
4

1
10
I
4
2
25
4

21
II

$1,922,760.55

1.~~:~:88

$532,340.90

$1,390,419.65

$73,815.62

~g8:m:gg ····· i;ioi:aai~98 · ·····127,353.ll1

69,342,493.44
1,082, 750. 48
68, 2.59, 742. 96 ··········543.i,i
1,374,000.00
29,903.88
1,344,096.12
1}' 1,;i OO
1,675,000.00
315,243.38
1,359,756.62
554'026'2.l
1,1 14,532.60 ·•··· ··········
1,059,857.60
337':ai:101
878,032. 99
95,719.61
782,313.38
359' 943' 88
1, 811,994.51
483,864. 58
1,328, 129.93
• ·
2,414,000.00
44,023.52
2,369,976.48 ······-·1•ooi"ii
35
10, 794, 669. 90
6, 261, 230. 38
4,533,439. 52
100' 419°31
220, 000. 00
22, 508. 08
197,491. 92
• '
2,773,550.00
2,773,550.00 ···············•· ...
·······
97,500.00
47,500.00
50,
00 · ········-·····92,500.00
42,500. 00
50,000.00 ·········•rn:ji
6,483, 502.37
2, 157,982.88
4,325,519.49
6i8. 91
• :/43418
3,200,000.00 ......• .....•..
3,200,000.00
6 23
35,114,852.97
3, 22o, 098. 72
23,815,158.81
10'
769' 1si11
28,667,648.32
3,525, 75&. 52
25,141,889.80
'114 453 ~
14,212,762.29
4,761,220.36
8,624,841.93
'.
3,102,500.00
67,500.00
3,035,000.00 ······-········:
5 11, 411.67
3, 200. oo
514,211.01 •·-·····82·ijii·il
5,989,250.00
I, 410,724.69
4,578,525.31
I , l ' ·...
1:;6, 370. 00
202. 39
156,167. 61 ····· · · 20
695, 225. oo
40, 978. 56
654, 246. «
0•457. 11
1,510,306. 19
395,962.33
1, 114,343. ~
7' ~k:s;09
23,074,188.99
6,027,122.96
16, 73cl, 000. OO
....
209,000. 00
60,000.00
1<1,,<J,000, ······648.336-3.'I
140,022,300.00 80,817,889.70
65,2<>4,410.30 26•71i;on. ll
5,718,958.96
906,587. 20
4, 81.:2,371. 76

ooo.

t•~:

·iinoo

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REPORT OF RECONSTRl'CTIO:-; FI:-;ANCE CORPORATION

26

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continucd

TABLE

MORTGAGE LOAN COMPANIE&-Continued

State

Num•
b:,~~f
thor•
izations

North Dakota ..•...•..••••
Ohio .....•.•...••••.•..•...
Oklahoma
..•.•••.•...•.•.•_
Oregon ___________________
Pennsylvania...... _...... .
South Dakota ..•••••.•....
Tennessee ..•.•......••••..
Texas..••••.•.••....•.•....
Utah .•.....•...••••••.....
Virginia ..•.••.•...•.•....•
";ashin~ton, ••.•••..•••.•.
"est V1rgm1a ..•.•........
Wisconsin •••••••••••••••••

Total. •...•.......•..
Loans to The RFC .l\l ort•
gage C'o.• ............... .
Loan to Federal National
Mortgage Association '···
Grand total.. ••..•.•.

27
18
9
2:i

Nurn•
ber of
bor•
rowers
I
20
16

3
JO

3

I

34
58

II
34

2

2

13
21
3

JO
16
3
4

8

Amount
authorized

Amount
withdrawn or
canceled

22, 71 :3, Hi 6. 2(i
1, 285. 000. 00
5, 939, U21. 89

$245. 00
1, 862, 081. 22
121, 483. 56
692,522.55
I, 47S, 5:;J. 11
2, 7:ll, 2U2. 25
2,018, 261. 14
2,667, 7.54. 16
50.000. 00
1, 228, 9\15. 63

8, 735, 825. 2:l
72,500.00
6, 488, 762. 92

11,500.00
1,842,785.61

05, 021, 275. 61

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

$'i5, 000. 00

42. %'i, 018. 24
4, 879, 650. 00
I, 241. 420. :l.1
fi, 081, 47.",. 00

6, fi7fi, OOU. 00
10,072, lfi5. 53

96u, 147. 95

Amount
disbursed

$61,755.00
41,105,967.02
4, 758, 166. 44
548,897. 70
4,602,921.89
3,844,737.75
7, 8!0, 240. 18
20, 046, 222. JO
I, 235, 000. 00
3, 344, 984. 86
7,000, 677. 28
61,000.00
4, 645, 977. 3 I

- - - - -·-·--·---l·------ 716
- - 418
- -487,838,622.07
131,268,120.32
344, 987,859.89
13

85,222,902.17

I 2, 185, 258. 38
--------------- - --- ------,------·1-----25, 000, 000. 00

730

420 607,859,897.68 131,268,120.32

442, 396, 020. 44

Amount out•
standing as or
Sept. 30, 1938 I

··••·•·· ....... .
$1,016,065.00
230,585.44
....•.. ····•····
3,373,204.16
---------------3,201,634. 71
5, 054, 136. 85
.••..........•.•
1, 940, 432. 58
757,410. 77
15,262.77
48, 500. 00
73,558,783.49
17,595,018.30
12, 185, 258. 38
103, 339, 060. 17

CREDIT UNIONS

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

M:~~:.~~~a=::::
:::::::::::~
New York ...••.•••••..•.•.

$74, 5,15. 00
$843. 42
65, 000. 00
9, 504. 30
10, 000. 00
261. 29
20. eoo oo
20, ooo. oo
467, 446. 00
I 2, 263. 00
5,966.80 -··············

3
I
1

Rhode Isbnd •••••••••••••
Virginia ••..•••.••••..••.••

I
2
2

Total •••••••..•.•....

10

642,967.80

42,872. OJ

$73,711.58
$16,747.58.
Sfi, 495. 70 .•••••••••••••.•
9, 738. 7I ••••••••••••••••

.••.•.............•••.••.•••...••
455, 183. 00
9.1, 730. 00
5,966.80 ..••.....•....••

600, 09.1. 79

112,477.58

1OINT·STOCK LAND BANKS

[Under soc. 5 or the Reconstruction Finance Corporation Act, as amended]
Alabama •••••••.•••...•••••

1

California .•••.•••••.•.•••••
Colorado •.••.••.•...•..••••

3
4
5

i~=:::::::::::::::::::

4

2

3
l

2

2
1
1
1
1
2
3
1
1
2
2
1
1

64

27

Arkansas ••••.....•...•••.•

~n~~cky_ ••..•....•.••••.

2

2

2
2

;et~fa.::::::::::::::::

1
8

j;~ee :::::::::::::::::

(

North Carolina .•....•••••.
Pennsylvania..•..••.•••.••
South Carolina .••...••.•••

est Virginia •••.••.••.••••

Total ••••••.••••..•••

6
2
8
3

1

1
l
1
1
l
1

$575, ooo. oo ...............
$575, ooo. oo
$555, 184. sr
590, 000. 00
$104, 811. 41
.SS, 188. 59
192, 154, 433,485,000.00
342,472.72
3,142,527.28 •••••••···•·••••
2, 494, i 72. 68
80, 763. 90
l, 7o7, 046. 53
532, 186. 92:
205,000.00 •.••... .......•
205,000.00 •.•••••••.••••••
3,645,300.00
1,383,306. 72
2,261,993.28 .••••.••••••••••
335,000.00
62,078. 76
272,921.24 •.••••••••••••••
2, 150, 000. 00
170, 012. 90
1, 979, 987. 10 ·•••••••••••••••
330,000.00
330,000.00 •.•••••..........•••••••.••••••••
82,500.00 ··•••·····•·•••
82,500.00 ···············1,035,000.00
158,213.06
876,786.94 ..•••••.••••••••
185,000.00 ..•••...•......
185,000.00 •••••.•.•..•.•••
2,766,000.00
516,000.00
1,950,000.00
1,017,693. 663,141,412.09
122,906.92
2,969,955. 70
1,951,435.10
401,000.00
19,148.24
381,851. 76
229,424.05
2,185,000.00
1,168,463.98
1,016,536.02 ·••·••••·••·••••
190,000.00
100,000.00
90,000.00 ·•••••·••·····••
2,636,000.00
719,965.48
1,916,034.52
442, 760.16
5b0, 000. 00
1,767.68
548,232.42 ..••••..••....••
1, 700, 000. 00
535, 102. 67
1, 164, 897. 33
487, 510. 51

28, 681, 984. 77

5, 815, 014. 34

21,871, 458. 71

5, 408, 3(9. 70

See footnotes at end or table.

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Google

26

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursement.<1,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

AGRICULTURAL CREDIT CORPORATIONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Num•Num•
bero( berof
tt~;. bor·

State

iza-

row-

tions

ers

Arizona ___________________ _

Amount
authorized

Amount
withdrawn or
canceled

Amount
disbursed

Amount out•
standing as of

Sept. 30, 1938 2

1
$880,000.00 ...•..•...•..•.
$880,000.00 ··•· ........... .
5
2
214, 135. 95 ........ ·-.....
214, 135. 95
$39, 543. lU
4
2
71,455.31
$11,500.00
b9, 955. 31 ..........•.....
3
1
435,000.00...............
435,000.00 ..••...••...•...
7
1
63,889.60
5,167.00
58,722.60 ··-·············
2
1
480, 000. 00
25, 000. 00
455, 000. 00 .•......••.•••••
2
1
120,000.00 ··•············
120,000.00 ..•.....••••••••
2
I
397,251.46
164,660. 72
232,590. 74 ..•...••••••••••
1
I
1,000.00 ..•..........•.
1,000.00 ..•.•.•••.•••..•
15
1
116,790.30 -·······•······
116,700.30 ·•···•··••·•··••
1
1
58, 500. 00
58, 500. 00 . . . . • . . . . . . . . • . . • . .•••...••••.•••
2
2
124, 250. 00
124, 250. CO .. -· •.... _····-·· ..••..••••••..••
2
1
95,491.08
6,239.95
89,251.13 ···········-····
203 _ _4·1--3~,_06_3~,_10_3_.8_91 ___8_1~,9_3_1._7_01--2~,_98_1~,_17_2_.1_9·1---4_5,_3_12_._61
250
20
6,120,867.59
477. 249. 37
5,643,618.22
84,855.80

Arkansas .•••.•..•...••••..
·Colorado ....•....•..•..•...
Florida .•...•.•.....•....••
Idaho ..•.........•.....•...
Iowa .•......••.........•...
Louisiana .......•.•........
New York .......•.........
North Dakota ..........••.
Oregon .................••.
South Carolina .••.........
Tennessee ......•..••....•.
Texas .......•.....••..•....
Washington •••........••..
Total. ..........•....

LIVESTOCK CREDIT CORPORATIONS

[Under sec.

5 of

Colorado ...•.•.•.....•...••
Idaho •...••••.•.....•.....•
Missouri.. ...............••
Montana ..............•.•.
New Mexico •...•.....•.••.
·Oregon .•....•.•.....•...•.
Texas .•.........•........••
Utah •..•..•..••.•.••..•.•.
Wyoming ..•...••..•••.•••.
Total. .•.........••.•

the Reconstruction Finance Corporation Act, as amended]
$382, 850. 00
2, 132, 035. 29
421,000.00
2, 142, 250. 00
9
874,441.51
270,740.00
4
4
2, 468, 425. 03
3b
3,477,443.10
29
4
2,342,142.95
--·1---154
19 14, 511, 327. 88
4

30
1
38

2
2
1
3
1
1
3
2

$244, 400. 00
$138, 450. 00 .•••..•..•..••••
101, 900. 00
2, 030, 235. 29 •.•.••.. •••·••••
421, 000. 00 .•.•..............••.............
145, 900. 00
1, 996, 350. 00 ••..••........••
106, 249. 88
768, 191. 63 ••••• •••••••••••
28, 450. 00
242, 290. 00 _.............. .
25, 980. 00
2, 442, 445. 03 •••••.•••...••••
304,826.12
3,172,616.98 •••••••••·••••••
161,123.19
2,181,019. 76 •••..•••.....•••
I, 539, 729. 19
12, 971, 598. 69 ··•••••••••···••

PROCESSORS, OR DISTRIBUTORS SVB1ECT TO PROCESSING TAXES

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
·Connecticut .•••..•...•••.•
Kentucky ••••••.....••••.•
Montana .......••.........
New Jersey.•.••••.•••.•.•.
·Ohio ..........•....•.•.••••
Pennsylvania...••••.••.••.
'Tennessee ..•.•••••••••••.•
Total. ............. .

$567. 68 ..... •.•...•...
$567. 68 ·•·•·••••••••·••
3,428.00 ....•..•..••...
3,428.00 ················
487. 90
$487. 90 ......•........•..•••. ·····•··•·•
3, 300. 00
3, 300. 00 . . .. . . . . . . . . . . . . . . .............•.
7,400.00
7,400.00 .•............... ·•••·•·•·•••·•••
3, 905. 69 • • •. • • • . . . . . . . .
3, 005, 69 .•••.•..•.••••.•
7,000.00
183. 31
6,816.69 ····-·····••""
26,089, 27
11. 371. 21
14,718.06 ····•···---··--·

STATE FUNDS CREATED J'OR THE PURPOSE nv INSURING REPAYMENT
PUBLIC MONEYS

or

DEPOSITS

or

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
·wisconsin.. ··········•····l--31--11 $13,087,715.881
Total................
3
1 13,087,715.88

$23, 084. 701
23. 084. i0

$13, 064, 631.181 · ...•••........•
13,064,631.18 •..•..••.•.....•

BORROWERS ENGAGED IN THE FISHING INDUSTRY

[Under sec.

5 of the

Florida ................•...
Georgia .................•..
Maine .... •·•····-·········
Massachusetts .•..•.•••.•..
Oregon ...........•.•......
S~ut_h
,Carolina
........•..._
V1rg1ma
__________________
Washington •.•.•.......•..
Total ...............•

Reconstruction Finance Corporation Act, as amended]

12
4
2

9
$57,100.00
$44,900.00
$12,200.00
$2,250.00
2
76,500.00
45,000.00
31,375.00
7,350.01
2
600. 00 . . ... . . . . . ... . .
600. 00
5~. 00
3
29, 000. 00 . . . •.. .. . • ..• •.
29, 000. 00
663. 89
2
2
525, 000. 00 . . . .. . • . . .. .• . •
525, 000. 00
340,000.00
1
I
22,000.00 ······-········
22,000.00
655.27
1
1
42, 500. 00 . . .. . . . . • . • .. . .
42, 500. 00
39, 000. 00
2
2
,57,000. 00 ........... _...
57,000.00
46,100.00
--·l----'---l------1·----'---1-----27
22
809,700.00
89,900.00
719,675.00
436,539.17

See footnotes at end of table.

Digitized by

Google

REPORT OF HECO~::HHU:TIU~ Fl;>i.\:-.CE COHPORATION

27

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

TOTAL, SEC. 5c OF THE RECONSTRCCTION FINAKCE CORPORATION ACT, AS
A:\IEK DED
[Subscriptions !or stock of mort~a~e loan companies]
Nu1n-lNumberof1 ber of
bor-

State

t~~;.

ruw-

tions

ers

1za-

Amount
withdrawn or
caucele<l

A1nount
authorized

Amount outstanding as of
Sept. 30, 1938 •

Amount
disbursed

- - - - - - - - - - - - - - - - --- - - - - - - - - - - 1 - - - - - - - 1 - - - - - Illinois ____________________ _
$1,250,000.00 $1, 2.'iO, 000. 00 _____________ -- -- ------------ - ---

Total________________
I
1,250, COO. 00
I, 250,000.00 ____________________________ ----The RFC :\Iort~age Co.•__
3
25.0UU.000 Oil_______________
$25,000,000 00 $25,000,000.00
Fr,leral Nation'.11 1Jortgage Association'---- - --- _ _1 _ _ _ , _ _1_1._000_,_o_oo_._0_0 __ ____________
11,000,000.00
11,000,000.00
1

Grand total__________

51

3

37,250,000.00

1.2.,0,000.00

3fi,OOO,OOO.OO

36,000,000.00

TOTAL, AUTHORIZATIONS TO BGf:INESS ENTERPRISES UNDER SEC. 5d OF TTIE
HECONSTHUCTION FINANCE CORPORATION ACT, AS AMENDED
(Direct loans to business enterprises, including participations]
Alab•una __________________
..\rizona .. __________ --- -- ___

96

Arkansas __________________

95
104
47
63
9
2i

California _______________ - -Colorn,10 __________________
Connect:cut. __________ --- -

DelriwP.re. ________________

Distrit:t uf Cohunbht._ ______
Florida. _________________ -(ieorgia ___________ - - - - - ---Idaho ______________________
Illinois _____________________
Indiana ____________ -- -----Iowa ____________ - ---------Kansas ____________________

~~ls~i!r_·_=:::::::::::::::

Moine _____________________
\faryland _________________
~fossacbusetts _____________

Michigan __________________
:\1innesota.. _____________ --

~fississippL _______________
:\flssouri_
____ -- ----------.\lontana ___________
- ______
!\'ebraska __________________
Xevada _____ _______________

JO

92
10
1,9

9i
44

f3
9
23

5,289 257. 569, 959. 80

63,043, 749. 7~

378
38
220
108
36
96
120
39
15
81
194
196

3:1s
34
195
101
33
92
115
36
14
70
171
187
90
56
142
27
51
3
8
178
14
S06
100
18
204
32
gg
281
24
48
18
125
J6(i
16
9
6.5
904
48
67
7
I
1
17

!\'ew Hampshire ___________
New
Kew Jerse~---------------Mexico _______________
Xew York _________________
:"-forth Carolina ____________
:"-forth Dakota _____________
Ohio _______________________
Oklahoma _________________
Oregon ___________________
Pennsylvania______________
Rhodeloi,md _____________
South Carolina ____________
8outh Dakota _____________
Tennes.~ee _____________ ---Texas ______________________
Ulsh ______________________
20
VermonL ________ __________
12
Vir~inia ____
71
Washinl!ton __________ --- __ 'l,lf>8
West Virginia _____________
55
Wisconsin _________________
71
·wyoming __________________
8
Alaska _____________________
1
Hawaii ____________________
1
Puerto Rico _______________
18
Total ________________ 6,093

1, lti7, 972. 32

10, 725, 200. 00
399,342.50
I, 2n2, 200. fi9
101, f,21. 93
I, f.20. 000. 00
IO, 134,053. 27
639. 0,50. 20
25,478.878. 22
,5, 2!0, 832. 14
708,660.00
14,300, f,fi3.14
730,500.00
7,187,025.00
24, 3.58, 78fi. 96
3. G93, 250. 00
3, 24fi, 22fi. 00
100,300.00
6, 537, 088. 00
3, 416, 588. 84
792. 145. 32
388,100.00
3. 392, 6fi2. W
8, MO, 758. rn
2, 147. 331. 17
4, 2i5, 32.5. 00
i8, 200. 00
11,000.00
200,000.00
I, 035. 000. 00

1:~.j

96

$482,850.00
26,957, 84
341, 4fi6. fii
I, 142, 342. 04
40li, 333. ~o
13, coo. 00
56,500.00
Z72. 2RI. 00
2, 198, 405. 68
56,915.00
4, 2fi7, 544. 48
I, 119,000.22
453,125.00
318. 075. 00
I, 2.57, 588. IO
143, 183. i4
111,650.00
I, 329. 753. 67
2. 880, 220. 74
2, 137. 282. 63
529,508.91
429,200.01
2,881,016.36
85,992.50
261,125.00
24. 124. 14
329,717.00
7,358,610.00
101. 750. 00
9, 795, 466. 95
I, 497,260. 53
32,100.00
3, 148, 249, 62
107. 500. 00
1,615, 132. 12
7,336,426.39
295,000.00
835. 438. 24
43, 17.5. 00
1,023.269. 01
710,692. 51
IOI, 500. 00
126. 990. ,5()
8fl9. 109. 26
1, 664, 231. 62
715,575.21
I, 617,050.97
22,500.00
11,000.00
200. 000. 00
12,000.00

17t1

57
160
31
58
3
9
214
16
60S
114
20
237
34
115
336
29
53
18
135
177

$2,511, '.!73. 33
407. 200. 00
6,393, 224. IO
w, or.o, 450. oo
998,533.33
4, 35S, 270. 00
370,000.00
518,510.00
3,684.217. 00
9, 3fil, H98. 98
886,266.00
16, I 16, 3lfi. 98
4,181,550.00
I, f.44, 075. 00
I, 792. 288. 27
3,581,524.07
935,000.00
2\!2, 400. 00
4,303, 4 lfi. 6i
9,717,901.66
16, 438, 5 IH. 07
2, 043, 885. 00
1, 1.;s, 45.5. oo

$718, 483. 33
65,000.00
4, 88fi. 000. 00
3. 346, 966. 00
391, 98fi. 49
2,681,600.00
300,000.00
116, b46. fiO
2. 313,326.36
4, 685, 388. 38
fi76, 708. 81
9,001, fi32. 78
2,327,640.19
1,041,279.00
910,169.39
I, 377,582. OJ
484,879.58
164,000.00
2, 3fi9, 938. 00
4, 333, 548. fi9
7, 582, 049. 98
C,42, :l42. 85
220,575.00
4, 895, 390. 19
203, 2fi0. 00
572, sm. 40
70,997. 79
76fi, 283. 00
10, 191. 528. 72
223, 000. 00
11,923.660. 65
2, 959,713.92
532,738.60
8, 108, 585. 73
373,500.00
4, 608, 248. 20
13,148,406. 52
3, 093, 000. 00
601,676.97
20,550.00
3,647, 227. 10
I, 398, 585. 53
549,645.32
176,109.50
777,990.74
4, 048. 320. 04
720,794. i3
1,288,614.03
17,500.00

$615, i59. 32
40,000.00
4,164.982. 58
2, 79fi. i43. 37
318,723.42
I, 774,992.38

---------------90,171.50
I, 842,139.97
2, 805, 270. 26
461,586.61
6, 554, 998. 15
I, 765, 696. 99
696,259.68
5fi7, 372. 01
898,286.02
324,511.19
82,100.00
1, 468, 344. 20
3,111,244.00
5,517,215.48
264,283.24
130,973.32
3, 193, 038. 81
96,996.33
429,816.42

---------------623,402.96
8,587. 734. 08
104,998.68
8, 429. 850. 34
1,848.312. 62
500,670 82
5,030, 4c7. 35
287.340. 13
3,011,592. 77
10, 593, 173. 86
2,612,352. 70
169,267.41
10,660.43
2, 800, 220. 94
1, 044, 433. 56
463,174.50
122,933.89
294, 005. 03
3,051.070. 34
430,390.68
748, 268. 51
10,000.00

----------------- -----------------------------454,903.90
________ * ________

543,100.00

126, 158,220.62

92, 136, 729. 65

See footnote11 at end of table.

Digitized by

Google

28

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which auth,ori_zations wer,
made; and amount of authorizations, withdrawals or cancelations, di~bclurse?M~,
and amount outstanding, from Feb. !!!, 193!!!, to Sept. SO, 1938, in usive, "~
States 1-continued

TABLE

LOANS TO BUSINESS ENTBRPRISBS

[Under sec. 6d of the Reconstruction Finance Corporation Act, as amended)
Num•N
berof
State

tt~;.
lza•

tlons
Alabama..................
Arizona....................
ArkBIIS8S. •••••.•.. .. .•. ...
California..................
Colorado..................
Connecticut.-·····........
Delaware..................
District of Columbia.......
Florida....................
Georgia....................
Idaho
Illinois.....................
Indiana....................
Iowa ...••.•.•.•. •. .•. .. ..
Kansas....................
Kentucky.................
Louisiana..................
Maine.....................
Maryland.................
Massachusetts.............

tl~~:it:::::::::::::::::
~i:~f~~~===::::::::::::

71
3
81
74
39
48
9

:Oi
bor•

row•
ers

134

$1,246,100.00
105,700.00
6,062, 424. 10
7,683, 700. 00
877,700.00
3, 965, 000. 00
370, 000. 00
463, 760. 00
3,461,037.00
7,043,007.32
790, 550. 00
15,435, 718. 65
3,671,350.00
1, 607,450.00
1,201,704.94
2, 353,924.07
840,700.00
221,650. oo
3,443,651.67
s, 305, 2li0. oo

1

i&

1
~

~;;Jg;~:~

14431

43
115

852,780.00
8,168,450.00

22

162
323
30
195
85
32
73
96

33

13
70
156

67
3
75
68
36
38
9
18
143
286
27
170
79
29
70
92
31
12

Amount
authorized

60

Amount
withdrawn or
canceled

Amount out·
standing as or
Sept. 30, 1938 1

Amount
disbursed

$365, 2li0.00
20, 700. 00
162, 000. 00
895, 964. 00
3780 000 00
960,000.00
13, 500. 00
47, 500. 00
196,531.00
1,618,639.02
37, 349. 00
4,049, 669. 48
1,026,000.22
440,000.00
152, 825. 00
670 600. 00
138' iiOO 00

S:,,3:.:

2. 884. 29
31
1, 660, 992. 38
90, 171 · 50
1,816,771. 55
2,154, 3«. 78
"56, 752· M
6,281,248.
1,
~ • 1116· 58
79.
54:
751 16121•
287. Ol1· 1•
82, 100.oo

1,171,713.67
2,418,438.58
1

$537,100.00
65, ()()(). 00
4, 808,966. 67
3, 346 : 966_. 00
375• 3 19 29
2, 561, 6()(). 00
300, 000. 00
116 846 50
2 287: 957: 94
497,380.05
670 708 81
s, 787: ss2: 78
2,230, MO. 19
1, 041, 279. 00
684 , ~ 6. 06
1 065• ..118. 68
'434 879. 58
94' 000 oo
1 833·938:oo
..; 226' 830. 85
1

415,340.00
1,246,805.56

220,575.00
4,742.020. 19

130,'113-:
3,000,
33

m; 650: oo

·~::~::;g

, 098. 049_50

..,2, ?96, 743 _37

a:

6:• :· J:'

J,433,:-:

3,039,
5

·

·llf:rst~ •tJ~::

=·

Montana_··-··············
20
18
223,600.00
26,500.00
150. 000. 00
: , Sll 42
Nebraska..................
52
45
945,190.69
153,500.00
572,860.40
•
Nevnda .•. ·-···············
3
3
101,621.93
24,124.14
70. 997. 79 •·········402 ·gs
New Hampshire...........
6
6
1,125,000.00
305,000.00
695, (J()().00
~M19&
NewJersey................
164
132 17,801,433.27
6,886,700.00
9,674.078.72
8, 21) 518118
New Mexico.... -..........
9
7
403,500.00
95,000.00
as. 000.00
•6/i&U
New York.................
524
430 22,128,403.22
8,305,190.57
11,607. 717.03
04
North Carolina............
89
82
4, 082, 257. 14
1,049, 943. 22
2, 570. 213. 92
1, r,oo; 831
017•81
North Dakota.............
17
15
704,000.00
31, 500. 00
531. 778. 60
ri
16
Ohio.......................
168
141 11,290,983.34
2,317,702.00
7 350 728 59
5, 300•1 ·
Oklahoma.................
28
26
533,000.00
83,000.00
'33; 500:oo
287,340-#
Oregon....................
87
74
5,282,700.00
721,382.12
4 """"' 848 20
2,561,521...
P
I --•,uv~,.
.
9 370,344.,,
ennsyv=··············
274
222 20,798,484.00 6,522,599.73
11,71S,. 790.96
2,'oo1,0l9:ar
Rhode Island..............
21
16
2,783,000.00
291,000.00
2,391,. 000.00
69,26'/.II
South Carolina._..........
38
34
1,470,600.00
706,823.03
601,. 676.97
l 6:!i:e
SouthDakota .. _..........
13
13
46.950.00
8,050.00
14,. 700.00
2,J 917 39
Tennessee.................
82
75
3 988 019 26
5M 402 86
2 1181> 060. 43
· 19
Texas......................
141
131
2; 665; 363: 84
680' 684. 65
1' 233,. 317 67
885, 456·
7
Utah.-····················
17
13
721,645.32
101: 500: 00
'524: 145: 32
43
Vermont...................
8
5
342,000.00
98,690.50
173,. 309. 50
l2ll. 005 Ii
Virginia...................
44
40
1, 678,500.00
715,009. 26
734,. 990. 74
: ; 59i II
Washlngton •.•.•..•....•.. 1 1,108 853 7,278,408.16 1,ll7,976.ll
3,834. 311.55
2. 315,9!.8,44
West Virginia..............
36
32
1,267,245.45
524,499.50
591. 344. 73
115
723•751
Wisconsin.................
46
43
3,288,025. 00
1, 498, 000. 00
1 059. 415. 00
10 !X1i oo
• ·
Wyoming..................
6
5
31,700. oo
' 17. 500.00
tias~R"
1~
ll,000.00
uer
100 ••••••••••••••• _ _
7 --=-I-......:960:='.'.:000:::_·00=~-.....:.::.:=:.::[_ _...::::::.-=.:~+-:::-:=--;;;-;;
421 077
Total................ 5,023 4,286 204,704,034.44 51,488,035.85 115,614. 168.83 85• • ·~

S.~l-

,rJ:

i1

g::::::····-··543:-ioo:oo·····454,90,i."i

--.

PURCHASB8 OJ' PARTICIPATIONS AND AGBBBHBNTS TO PURCHASE PARTICIPATIONS I ~ LOANS TO BU8llllll
ENTBRPRll!BS

[Under sec. 5d of the Reconstruction Finance Corporation Act, as e,:,:::s:iendedJ

---------,---,----,-------;------------Alabama.••............•..
Arizona ..•..•....••...•....
Arkansas ••.•........•..•..
Oallfomia..•.••.. -.••..•...
Colorado .............•.•..
Connecticut ..... _.....•...
District of Columbia..•.•..
Florida .••.....•.•••.•••••.
Georgia..........•.........
Idaho .....••.......••......
See footnotes at end of table.

25
7

14
30
8
15
5
14
55
8

25
7
14
29
8
15
5
12
52
7

$1,265,173.33

391, 500. 00
330, 800. 00
8, 376, 750. 00
120, 833. 33
393, 270. 00
54,750.00
223, 180. 00
2,318,891. 66
95,716.00

$117, 600. 00
$1S.:l..
6,257.84 ••••••••• - 178,566.67
TT.
246,378.04 ·········- 28, 333. 80
16,.
197, 972. 32
10..
u,000.00
·········75,750.00
2,S.,
579,166.66
1, is..
19, 566. 00
~..

333. 33
$111,~
-33 •••••• .....

-:ll 11
. .........

li
ClOO 00
114,
· ·········~
aB.33
......

-sa

Digitized by

.oo 00
·

Google

•••
.,..,,,

REl'OHT OF HEt 'OX:--TH l"l'TII 1:-; Fl :\".\N'CE COHl'OHATION'

29

4.-Number of authorizations and borrou·ers, to which authorizations were
made; and amount of authorizations, withdrawal& or cancelations, disbursements,
and amount outstanding, from Feb. i!, 1/JS:2, to Sept. 80, 1938, inclusive, by
States '-Continued

TABLE

l'URCBASSS 0¥ PJ.RTICIPATIONS AND AORll:E"ESTS TO Pt:P.fRASE PARTICIPATIONS IN LOANS TO BUSINESS

ENTERPR!~Es-C untiuued

:'\um- ~umber ol her ol
au- borrowlions ers

t:~~-

State

Amount
authorized

IIJinois . ___ ...................... ~ ~ --,6-;tl, .'iHS. :t;i
2.1
22
bill. ~~Ml. m

Indiana....... . ............
Iowa.......... . .... .. ......

Kansas....................
Kentucky. ............... .
Louisiana..................
Maine.... ....... .. ....... .
Maryland... . .............
i\Iassachusetts.............
Michigan.... ... ... ........
Minnesota.................

4

4

23
24
6
2

23
5
2

22

3f>, f.25. 00
.>\kl, f,>1.1. 3:J

25
59
8
14
5
50
35
3
4
25
51
16
24
2
I
1

1, 2~7. liUO. 00
94, :WM>. OU
70. 7:,0. 00
859, 7f>5. 0U
1,412,6.'>l. fl6
3, 1!19, 4,\0. 00
703, J.,5. 00
305, r,;5_UO
2, 5~. 750. ()(1
175, 742. 50
317,010. 00
4\l,I, (MlO . no
I, 3:J2, 621.1. UO
2.15, 550. 20
3, 3:,0, 47.,. 00
1,128,575. UO
4,600.00
3, OIR,f&J. 10
IU7, 500. 00
1,904. 325. 00
3, .sr.o, :io2. !l6
910, 250. 00
l , 774, f.25.00
59. 300. 00
2, 54\1, 008. 74
751,225.00
70,500.00
46, 100. 00
l, 714, 162. 50
1,262,350.00
880,08,5. 72
987, 300.00
46,500.00
200,000.00
75,000.00

Total................ I, OiO 1,003

52,865,925.36

Missis.sippi. .........•.....
Missouri.. .. - ..............
Monbna.. .• ......•.......
Kebraska . •.•..•.••• -......
Kew Hampshire. ..........
Kew Jersey................
New Mexico...............
New York... .... ..........
North Carolina............
North Dakota ..•••••• -....
Ohio.... . ..................
Oklahoma.................
Oregon....................
Pennsylvania..............
Rhode Island.......... . .. .
South Carolina............
South Dakota.............
Tennessee.................
Texas......... ...... ...... .
IJtab.... ...••••• ••...•....

Vennont......... . ..•......
Virginia...................

\~ashin~ton, •. ·-··········
'W~t V1~grn1a..............
W1sconsm. •• •••••.••.•.••.
WHaywom_in
..g...·.·•..·•··.·.·••··.·..·•.·.•.·.·.
811
Puerto Rico...............

11

IO

38

37

41

40

37
13
20
II
6
3
50
7

34
13
27
9

84

25
3
69
6
28
62
8
15
5
53

36
3
4
27
60
19
25
2
1
I

6

2
46

7
76
24
3
63
r,

.~mount

withdr:rn·n or

canceled

Amount
disbursed

Amount out•
stand in!( as of
Sept. 30, 1938 I

$:..>t}7, ~7;i. 00
$273,750. 00
$273,750.00
\i3, 11()(). 00
U7, 400. 00
82,100.00
13,
00 ................................ .
IC.5, 2fJl. 00
225, 3.13. 33
103,175.22
681;, \188. 10
312, 083.33
147, 123.81
4, 6S3. 74
50. 000. 00
37,500.00
. .. .. ..........
70,000. 00 •• .• •• •• • •. •...•
15S, 040. 00
536,000.00
34,920.00
4fil,782.l6
106,7 17.84
71,863.03
an, \!00. oo
40~. 200. oo
317, 825.00
173,508.01
rn7, 285. 71
20,857.61
13, Q,\O. 01 ..•...............•.. ••• •..•••..•
I, 6-14, 210. 80
153,370.00
132,344. 74
50,402.50
53,250.00
27,150.00
107,62,5.00 .••.••............••• •• .•••••• •••
24,717.00
70,283.00 ..••.••.••.•.•.•
4il, 910. 00
517, 4.''.0. 00
312, 791. 13
6, 7511. 00
188,000.00
84,480.00
l, 490, 2m. 38
315,943.62
182, 162. 00
4-17, 3li. 31
389,500.00
61,481.58
600. 00
000. 00
461. 95
8.'IO, M7. 62
757,857.14
629,696.59
24,500.00 •••..••..•........•••.•••••.....•
893,750.00
598,400.00
450,071.40
813, 8?6. 66
1,434,615. 56
l, 222,829. 36
4,000. 00
702,000. 00
651, 333. 33
129, 6l5. 21 ..••••..•........ · ······-········
35, 125. 00
5, 850. 00
5,030. 20
458, 866. 15
658, 166. 67
396, 303. 05
30,007.86
165,267.86
158,977.37
.•••• • ... . . . .. .
25,500.00
26,482. 50
28,300.00
2,800.00
2,800.00
154, 100. 00
43,000.00
43,000.00
546,255.51
214,009.09
184,476.26
191,075.71
129,450.00
114,462.24
119, OSO. 97
229, 109. 03
24,516.56
22,500.00 ...•••.•...•.•.•...•• •••••••.•.•.
200,000.00 ........•...........••••••••••..•
.• •••.......................•..•... ..•••••••....

I~.,.

12, 4->5, 713. 93

10. 544, 051. 79

6, 715. 652. 52

LOANS TO PUBLIC BODIES TO AID IN FINANCING PROJECTS AUTHORIZED UNDER
FEDERAL, STATE, OR MUNICIPAL LAW
(Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alabama .•••••• • •••••.•....
Arkansas ••••••••••••••••••

a...••••..••.•••••••..

4
I
2
2
1
1

2
6
4
2
1
2
1
1
2
7
2
1
1
1
5
1
1
4
4
I
2
1
1
1

Total. .............. .

67

54

Calilornla...•••••..•...•..•

5
8

5
2

1
2

1:,::::::::::::::::

:aw
Jersey·-···-··········
'N. Mexico•••••••. - ••••••
ew

New York .. ···-··-··-··-··
~gf;h Carolina . •• - •••••••.
~lahoma . ..••••.••...•••.

T utb Carollna ...•••••....

tli:·.·:~::::::::::::::
Washin~on .•••••••••..•..
A.l~nsln .••.•.••.•...•..•

Bee footnotes at end

1
1
2
Q

2

1
1
I
9

1
1
4

$33H, 000. 00 ••••••• •........•.•..•.•...•.... • •..••.••••••..•
491,000.00 •••••...•...••.....••........•.. ••• •·•••••••••••
1,336,500.00 •••••·•••••·••· ········-········ ···············I, 446,000.00 •••••••••••.•.•••.••.•.•...•....•••.••••••••••••
2,426, WI. 81 •••••.••••••••.
$2,426,991.81
$2,426,991.81
53,000, 00 ••••••••·••·••· ••••••.••••.••••. ···········-····
255,000.00 · · -·········-·· ········-········ ···········-···25,000.00 •••••••••••·••· ··--·········-··· ········-······162,000.00 •••••••••••..•• ····-············ -····--·-·······
4,927,500.00 ••••••••••••••• ······-·········· ·····-········-665,000.00 .•••••••••..... ·····-········-·· ••·••• ••••••••••
13,000.00 · ···-·········· ··-······-····-·· ··-·· ···········
666,000.00 ••..••.••.••••• ····-············ · ·············•19,000.00 •••• · ········ ·· ••••·•··········· ······· ····· ·-··
1,902,000.00
$337,000.00
161,000.00
161,000. 00
485,000.00 ••••••..•.•........•..••.•..•..•.•.••.••••••.•..
160,000.00 •• ••• •····•·•·· ··········•·· · ··· ·········· ·· -···
9,675,000.00 .••••.. .•.•...•
2,000,000. 00
2,000,000.00
2,413, 000.00 •••• • .. .••.. •.•••..•............ ···· - -····-·····
63,000.00 •••••••.•.••.•.........•........ .•....•••••••••.
51,000.00 •••••••••·•···· •·••·•··•·•······ ·••············13, '20,000.00 ·••••·•··••···· .••...•...•...••. ·•••••••••••••·•
55, 000.00 ••• . •..... •....•.••.•...•....•....•• •• ••••• •...•
93,500.00 ·····•··· · ····· ·•···•········•·· ·•·•·•·•••· •••·•
41,141,491.81
337,000.00
4, 587, 991. 81
4,587,991.81

or table.

Digitized by

Google

30

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations weremade; and amount of authorizations, withdrawals or cancelations, disbursemenl8,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-continued

TABLE

TOTAL, SECTION 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
[Loans on the assets of closed banks and trust companies]

Amount
authorized

State

California ______________ -·-·
Colorado .. _. _____ ·----- ___ _
Florida.-·-·-·····--· ·--··Illinois_ ....... ···-- ... _.. -·
Indiana .... _. __ -···-·-·-·- ·
Iowa.. _.... ·-··-·-···-··· - Kansas_._-···-···--· ...• __
Michigan .... ·-··-····-·--·

~l~~~i:~:::::::::::::::::

3
2

3
2

I

I
2
I

2
I

9
2
56
10
I

9
2
53
10
1

Nebraska.·-···-··-·-·····Nevada __ ._ .. _._ ... ___ ... __
New York.----············
North Carolina __ ····-·····
North Dakota ·-· ---··-····
Ohio_... ----····--·-·-··-··
Oklahoma _······ -·· ····--Pennsylvania . . __ ·- ·-·- -··South Carolina . _.-········
South Dakota_. __ -·······Texas __ ... _-·-·-···-·······
Wisconsin_ .. ·-·--·--······

19
1
2
2
32
6
1
2
1
25
12
4

1
2
2
32
1
1
2
1
25
12
4

Total .•.......•.•. ---

194

186

19

Amount
withdrawn or
canceled

Amount
disbursed

Amount out•
standing as or
Sept. 30, 1938 •

$35,901. 55
$508. 68
$35,392.87
$9,994.78
10,050.20
2,812.00
7,238.20 ·······-- ······1, 100.00 -··· · ··· ··-···1,100.00
585.97"
680. 585. 03
76, 049.67
604,535.36
2,560. O½
26. 600. 00
4,100.00
22,500.00 ·····-···-··-···
105,002.20
29,546. 79
75,455.41
15,183.80
24. 500. 00
11. 107. 93
13. 392. 07
2,511.73
14. 492,947. 55
952, 158. 24
12,467,862.31
1,429,467.78
139,847.13
46,845.53
93,001.60
31,182.97
14,500.00
3,176.68
14,500. 00 --·-·-- ··-···-253, 951. 84
66, 422. 52
187, 529. 32
168, 688. 9i
6, 000.00
6,000.00 ··········-······ ·······-··-·····
16, 922. 72
2,691.22
14,231.50
10,704.86
15,005.00
7,072.o-~
15,005.00 - -·-··-··- -····
563, 593.98
39, 798. 12
523,795.86
347,659.50
70, 259, 749. 73 32, I 73, 717.85
28,596,905.39
781. 431. 24
8. 800. 00
427. 51
8, 372. 49
2, 644. Ii>
268, 000. 00
2, 955. 50
265, 044. 50
250,000.00
1, 450,000.00
136. 935. 82
1,313,064.18
1,023, 162.1
3'17, 674. 86
79,583. 99
229,667.48
147,735. i~
194, 053. 11
92, 179. 79
101, 873. 32
43,886.00
101,721.08
86,146.93
15,574. 15
7, 006. IT

88, 986, 505. 98

33, 809, 988. 09

44. 606, 041. 01

4, 284. 655. 59·

LOANS ON SELF·LIQUIDATING PROJECTS
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
Alabama ...••••...••.••..•.
Arizona_ ....••..•.••••• _..•
Arkansas ......•••..... ···California•..........•••••..
Colorado_ ...•...•••.•••.•••
Connecticut ..•...•.••.•••.
Florida •.•...•......•••••..
Georgia .•.•..•...•..•••... Idaho ....•......•.•••.•..•.
Illinois ..... _....•..•••••.•.
Indiana .... _.-······-······
Iowa ...•.••.•....•.. -.••...
Kansas ...••.••.•.....•.•..

E:~iW~!L::::::::::::::::
Maryland •.•.. -.•..••.....
Michigan •••••......••..••.
Minnesota_·············-·-

M\:~~~f.~~·.:::::::::::::::

Montana .••...•. •-········
Nebraska ...•..... _....... .
New Harnpshire·-····-····
New Jersey .........••... _.
New Mexico ..........•..• New York .•............•..
North Carolina ...•...•.••.
Ohio ....... -....••....••...
Oklahoma ..•....•....••••.
Ore~on ... ······-·····-·- __
Pennsylvania.•....... _... _
South Carolina .........•..
South Dakota ......•...•..
Texas .....•..... --···-·····

~f:g~iiia::: :::::::::: :: ::::

6
5

10
13
5

1

7
2
1
7
4
1
3

16
4

1

3
1
2
3
2
2

1
5
6

JO
8
JO
2
2

4
3
1
21
6
8

$224,000.00
$149,500.00
$74,500.00
$71,000.00
6
3
1, 703, 500. 00
· 13,500.00
1,400, 000. 00
1, 257,000.00
10
I, 463, 851. 92
515,000.00
948, 851. 92
608,499.60
8 310, 655, 700. 00
6,436,000. 00
248, 394, 971. 15 162, 251, 771. 15
5
2, 002, 233. 79
572,430.00
1, 429, 803. 79
878,000.00
1
100,000.00
100,000.00 ··-····--···-···· ····-·-·······-·
7
1,644,930. 78
930,000.00
714,930. 78
500, 000.00·
2
41,000. 00
19,000.00
22, 000. 00
7,000.00
I
60, 000. 00 . . . . . . . . . . . . . . .
60, 000. 00
60, 000. 00
7
7,830,723.00
4,766,250.00
3,074,473.00
97.000.00
4
833, 000. 00
773, 000. 00
60, 000. 00
53,000.00
I
9, 700. 00
9, 700. 00 ..•...........•..................
3
820,000.00 ·····-·········
820,000.00
755,000.00
14
1,519,624.00
514,624.00
998,000.00
327,000. 00·
4 16,063,000.00
1,789,777.20
14,273,222.80 ····--··········
1
59,850.00 ..........•....
59,850.00 ·····-·-·-······
3
718, 841. 47
75, 000. 00
643, 841. 47
628, 242. 17
1
575,000.00
575,000.00 ········-········ -·····--·-······
2
325,000.00
50,000.00
275,000.00
125,000.00
3
996,140.00
954,140.00
42,000.00
38,000.00
2
207,000.00
27,000.00
180,000.00
160.000.00
2
75,000.00
60,000.00
15,000.00
14,000.00
1
250,000.00 -··-···········
250,000.00 ······--········
4
3, 361. 904. 37
85, 904. 37
3, 276, 000. 00
348,000.00
4
6, 219, 600. oo
aw, ooo. oo
5, 385, 600. oo
5. 269. 500. oo
9 27,218,000.00
5,341,000.00
21,862,000.00
12,901,800.00
8
1,120,473.20
592,473.20
528,000.00
384,000. CXl
9
628, 800. 00
I 75, 300. 00
453, 500. 00
145. 500. 00
2
299,982.81-·-·-···-·-····
299,982.81
24,263.00
2
734. 62.5. 00
10, 000. 00
724, 625. 00
724, 157. 00
4
315,000.00
215,000.00
100,000.00 -···············
2
230,500.00
81,000.00
149,500.00
70,000.00
1
105,000.00
105,000.00 ··-··-··-·-······ ····-·····-·····
20
4,278,662.85
3,185,650.00
1,093,012.85
41,500.00
6
737,300.00
685,300.00
52,000.00
15. 500. 00
8
2, 110, 225. 80
131, 376. 00
1, 978, 849. 80
184, BH0,

See footnotes at end of table.

Digitized by

Google

31

REPOH'l' OF HE<'O::\'~THITTIU!\ Fl::\'A:\'CE COHPORA'l'ION

4.-Number of authorizations and borrowers, to which authorizations werll
made; and amount of authorizations, withdrawals or cancelation.~, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States I-Continued

TABLE

LOANS- ON SELF·LIQUIDATING PROJECTS-Continued
~um• ~um-

borof her of

State

th~~iza-

bor-

rowtions ers

Amount
withdrnwn or
rancelecl

Amount
authorized

Amount
disbursed

Amount out•
standing as or
Sept. 30, 1938 2

---------- - - - - -- --- -----1-------1------

·washington...............
West Virginia.............

2
1

2
I

\\~iS<.'OTISin_________________

1

l

Wyoming..................
Pu .. rto Rico .• ·····•····...

I

I

I

I

Total................

192

$:l. ll2f>, 31~. 37
3.LMJ().00

$2. 476, 31S. 37
$550,000.00 .•.....•.•.•.•••
3, IMlO. 00 .................••••••.•••••••••
40,000.00 ••••·•·•·•••••••
12.\ IXXI.
125,000.00 ·•••·····•·•·•··· ·····•·•••••••••
I, 300,000. (Ml ·····••·····•·
1,300,000.00 ·····•··········
4t.l,lM.)(l.fl(l 1 ·•············

001

176 400,092.487. 3tl

31,841,243.14

311,529,515.37 $187,938,877.32

LOANS FOR FINANCING REPAIR OF D.HIAOE BY EARTBQl'AKE, FIRE, TORNADO,
OR CYCLOXE IN 1933
[Under sec. 201 (a) (6), title II, of the Emcriency Reli,•f and Construction Act of 1932, as amended]
California..•.•..•••.•.•.•..
Kansas ....•.....••.••.•...
Louisiana __________________
Main•.--•·················
Tenn~ssee. __ . ----------- --

61I

Total. .•.•.•.••..•.•.

I

ool

$7,500.000. 00'
1. IXJO. 2:l2. 20:
2(~). 000. ('()
1, t.50, 000. 00
100,000.00

$639.
81-6, 527. 32
43. 200. 00
990. 627. 04
130. 74

$7,499,361.00
11:l. 704. 88
156,800.00
6.59, 372. 96
99,869.26

---------------$104,474.88

1
4
1

1
1
1
2
1

13

6

10, 450, 232. 20

1,921, 124. 10

8, 529. 108. 10

ll@, 598. 07

104,041.29
501,212.64
99,869.26

LOANS FOR FINANCING OF AGRICULTURAL COl\IMODITIES AND LIVESTOCK
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932]
Alabama .................. .
Arkansas ................. .
California ......•...........
Colorado ...•.....•.....•...
Delaware ..•...............
Florida .•........•.•.......
Georgia ......•..•....••....
Illinois ..........•.....•....
Indiana .........•..........

I
5
21
I
2
7
1
1
6
12
11
1
5
2
10
2
5
I
4
8

ti~~1~!:.·.·.
~ ~:: :: :::::::::
Maine ...................•.
Maryland .. , ......•....•••
Massachusetts ......•......
Michigan ...........•...••.

~l:~s::t~'.·.~::::::::::::::
Montana .................•
New Jersey .•..•..........•
New York ....•....•.......
North Carolina .••.....•...
North Dakota •............
Ohio..........•...•.....•..
Oregon ................... .
Pennsylvania .....•....•.••
Tennessee ................ .
Texas ............••...••.•.
Virf!inia __________________ _
Washington ..•...••...••..
W~st Virginia ..•••..•.••..
W1SCOnsm ________________ _
Puerto Rico ..••...•..••.•.
Total. .............. .
Loans to Commodity
Credit Corporation•-· ...
Grand total .•.•......

4
I
5
4
4

8
6
4
6
2
7

2

1
5
16

1

I
2
1
1
3
4
10

1
2
2
7
2
5
1
2
6
1
I
3
2
2
3
5
4
5
1
4
I

- 159
- - 105
28

$ISO, 000. 00 ----------------- ---------------$150,000.001
603. 219. 30
$121, 780. 70 ---------------725. 000. 00
5, ()f,3, 750. 00
2, 469, 560. 87
2, 594, 189. 13 ---------------51)(), 000. 00
374. 950. 00
125,050.00 ---------------100, <XKI. 00
99,100.00
900. 00 ---------------393,377.32 ---------------393. 377. 32 --------------15. 000. 00 ---------------IS. 000. 00 ------------10,500.00
2. 000. 00
8. 500. 00 ---------------757, 111 M
400. 211. 94
296,899.60 ---------------5. 5nl. 51 I. 97
3, 127.580.16
2,373,922.81
$72,447.66
50,495. INlfl. 00 50, 452. 250. 00
42,750.00 - ----------- -- -3.o. OI)>. <XJ
3.5, 000. 00 ----------------- ---------------575, QOll. (X)
200,000.00
375,000.00 ---------------3SO. 00()_ 00
l3S, 003. 71
211,396.29
3. i81. 94
570, IJIJ(). (XI
442. 402. 80
127,597.20 ---------------60. if,().()()
60, 750. (X) ----------------- ---------------8, (XI()_ 00
104. 000. (X]
96,000.00
43,333. 70
2,500. (X)
015. 00
1,885.00 -----------·---28.1. (J()(J_ 00
II. 432.03
273,567.97 ---------------1,199.344. 17
1, 700. 2fi9. 65
600,925.48 ---------------1211,IHlO.OO
20. 035. 21
99,964. 79 ---------------6. 000. 00
I. 080. 00
4,920.00 ---------------I. 035. 000. 00
400. 217. 72
504. 782. 28
340. 000. 00
350,000.00
195. 820. 71
154.179. 29 ---------------318,500.00
28,062.24
290. 437. 76
180,000.00
4, 308. 825. 84
8,301,897.41
14. 400. 00
12, 6 IO, 723. 25
219,551.00
20,000.00
199,551.00 ---------------868,624.91
264,894.64
603,730.27
141. 898. 61
145,724.80
100,000.00
187,305.20
333. 030. 00
175. 000. 00
175. 000. 00 ----------------- ---------------1,571,313.44
1,475,563.44 ---------------95,750.00
1, 000, 000. 00
637, 745. 53
362,254.47 -----,----------86,061,513.08

66,367,021.30

1 1,604,712,664.99 836, 995, 702. 78

- 187
- - 106
- 1,690,774,178.07

903, 362, 724. 08

19,504,491. 78

895. 861. 91

767, 716, 962. 21 ---------------787, 221. 453. 99

895,861.91

See footnotes at end of table.

Digitized by

Google

.32

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authori zations were
made; and amount of authorizations, withdrawals or cancelations, disbursemenh,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

AMOUNTS MADE AVAILABLE FOR RELIEF. AND WORK RELIEF
[Under sec. 1, title I, of the Emergency Relief and Construction Act of 1932, as amended)

Amount
au t horized

State

Alabama .................. .

14
7
7
9
8
6
20
5
13
15
10
7
9
6
6

Arizona _______________ __---

Arkansas ..•.... . ..........
California ................. .
Colorado ..•........ .... ....
Florida ............. ...•.. .
Georgia ........ ... .. . ..... .
ldabo . ........ . . . ... ... ... .
Illinois ....... ..• . ..... .... .
Indiana ....... ••• ........ ..
lows . ............. . ....... .
Kansas .. ................. .
Kentucky •................

Louisiana _________________ _

Maine ............ . ....... .
Maryland .. • . .............
Mich igan .. . ... . .......... .
M innesota ......•. .... . ....

2

~/~s
tf.~'.::::::::::::::::
Montana ................ . .

Nevada ...... ... ... . ...... .
New Hampshire........•..
New Jersey.......... ..... .
New Mexico ______________ _
New York ............... . .
North Carolina ..... . . . . .. .
Nor th Dakota .. ... ... . .. . .
Ohio .. . .... ..... ... ....... .
Oklahoma .............. . . .
Oregon . . .. .. .... . ........ .
Pennsylvania .. ......... . . .
Rhode Island . . . . ... ...... .
South Carolina ........... .
Sout
h Dakota .. . ......... .
.
T ennessee ........ .. ...... .
Texas ...... . . ......•. . .....

tfr~~nia:::::::::::::::::::
Washington . . • . ......... . .
West Vir~inia .....•.•.•...

Wisconsin ________________ _
Hawaii_ ____ __ _____ ____ ___ _

P uerto Rico ... . ..•........
T otal. .. . . . ........ . .

30
8
8
16
21
10
3
1
5
5
5
II
37
5
16
7
2
7
5
13
13
9
20
18
15
5
2
1

I
I
I
I
I
I
I
1
I
1
I
I
I
I
I
I
1
l
I
l
I
I
1
I
l
I
I
l
I
1
1
I
I
I
I
I
I
I
1
I
I
I
1
I

----412
44

Amount
withdrawn or
canceled

Amount
d isbursed

$4,2ll,688,0(J.. . . . .. . ..... . .
1,448,269.00 . ....... . . . ... .
4, 8.33, 967. 0(1 . ... . . ......•..
I0.08 1,631.00.... . ......... .
3,832,990.00 .. ............ .
3,886,512.00 .. .......• • .. . .
I, 745, 692. 00 . . . ............
I, 026, 566. 00 .. . .......... . .
55, 443,72 1. 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, 109. 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 ......... .. .. ..
592.763. 00. ...... . ... .. ..
19, 272,205. 00
$15,000.00
4,570,597.00 . . ............ .
2,798,290.00 .... ..... . . . ...
34,929.875. 00 .. ... .. .. .. .. .•
1, 123,590.00 .. . . . . . .. . .. . .•
4,575,270.00 .. ....... . . ... .
l, 803,945.00 . . .... . . .. . ....
3,375,352. 00 . ... . ..........
7,952, 292.00
1. 00
2, 923, 439. 00 .. ..•...... . ...
3,495,304.00..... . .........
5, 977,430.00 . . . . . ... . .. . ...
9, 655, 218.00 .. .. . . . . ... .. . .
12,395,362.00 .. . . ..... .. . .. .
394, 935. 00 . . . . . . . . . .. .. . .
360, 000. 00 . . .. . . . . . . . . . . .
300,000, 000. 00

15, 001. 00

Amount out•
standing as ol

Sept, 30, 19381

$4, 211,688.00 .• .•... .........
1,448, 269. 00 ..•. . •.. .. ......
4,833,967.00 •••...... .......
!0, 081,631.00 .• .. . . ... .......
3, 832,990. 00 .•.•.. .. ........
3,886, 512.00 .. •.. . . . ..... ...
1,745,692. 00 ..... ..... ..... .
1, 026,566.00 . . . . .. ... ...... .
55,443,721. 00 ..... ..... .. ... .
5, 179,931. 00 ....... .. ... ... .
2, 151,430.00 . . .... ......... .
2, 592, 934. 00 ... . •.... .......
6. 728, 987. 00 ..•.•.... .......
8,200, 127.00 ....•.... .......
252, 895. 00 ... . . . ..........
176,380. 00 ..••• . ..........
21, 808, 199.00 •·•••·• ··· ······
2, 581, 787. 00 . ......... .... ..
4,058,919.00 . . •••...•.......
4, 616, 789.00 ..•.•.... .......
2, 368, 285. 00 ..•. . .•. ........
262,632.00 . ...... . ....... .
1,366,603.00 ·••······ ·······
2,009,291. 00 ..•.............
387, 903. 00 ..• . .......... ..
26, 600, 000. 00 .• •. ............
5, 950, 000.00 . .............. .
592, 768.00 ............ ... .
19,257,205.00 . ......... ..... .
4,570,597. 00 ............... .
2, 798,290. 00 ....... . ....... .
34, 929,875.00 .. ...... ....... .
1, 123,590.00 .. . .•...........
4, 575,270. 00 . . ............ ..
1,803, 945.00 •. ..•..... ......
3,375,352.00 .. . •• . ..•. ......
7,952,291.00 ............... .
2,923,439.00 .•.. . . . . .•......
3,495,304.00 ...... . . . ..... ..
5, 977,430.00 . ............. ..
9,655,218.00 ..... . ......... .
12,395.362. 00 ................
394, 935. 00 . . ············-360, 000. 00 .............. ..
7

299,984,999.00

(')

See footnotes at end of table.

Digitized by

Google
j

'

TABLE

,

I ·

I

4.-Nuniber of authorizations ana borrowers, to '!Dlucll authorzzau.ons were niaae; ana a7n~unt oJ_ authorizations, withdrawals or can-

celationa, disbursements, and aniount outatanding, from P'eb. 2, 1982, to Sept. SO, 193B, inclusive, by States '-Continued

,_.

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED

;:i
0

{.Loaru, on and snbscrlptJoru, for preferred stock, and purchRSe!! of cspltal notes or deben tures, of banks and trust companies]

r

r

State

Number I Number I Less du• 1Netnum•/ Am 0 t th
of:.:t}~~~·
tf~~c;';, b~~~.~~r~e~u or•

I

Alabama ....•....••.•.... ••..•••• ..•.. .••. ••••• ••••• • •• - - - -97
co Arizona .....•••. . .. .....•....••.•.••••••.•..•••••••...•
6
Arkansas •••••.•. ••••.•.. -••••..•...••• •• .•.. •••• ••• •••
139

California••.•.•.•.••••• . ••••.••••••••••••••••••••.•••..
Colorado....••. ...•..•••• . •••••••.•••••.•••..••••••••..

Connecticut. . •.•. ....•......••••.•••• •• •...••.....••..
D elaware •......•...•. . . . .... ... .•.••.. ...••••• .• .•....
District of Columbia .... . .......•••••.•....•••. . •......
Florida .........•.•.... .•.•...• ••• •......••.• ......•• ..
Georgia ..... .••••.•.. .........•••••••••.••••• ...... ••..
Idaho •••...•••.•• . •.........•••••.•....•.. . ••....••....
Illinois .•••.••••••••....•••.•••••••. •• •••• ••.. ...•.•. . ..
Indiana ........ . ... . .....••••••.......•.•..............
Iowa •••••..••.•.••.........•.••..••.......... ...•......
Kn.nsas. __ _------ -- -- ---- --------- - ---- ----------------

Kentucky
Loui,iana..........•......••.........•..•.. •....• .. ....
Maille ................ ••••....... .•........ .••. •• .....•
J\laryland •..•....•.••......... .............••... ..•..•
Massac11 usetts ....................•••. .....•.•.....••..
M ichi~an ...... . ....•.• . .••.. .....• ••.•••. .••... . ......

S!~!;r'.~~~=
====== ==============
======: :::: ::: ::::
Mon tan a ... ...•••••...
. ......•...•.•...•.•.•..
...•.::..::.
0

cg:

;;a·

(1)
Q_

~

CJ
0

~

~

Nebraska ....•.•....•. . .•.... . ....•.... . ....•.•........
Nevada .................. . ......• .•.•...••.•••..•..•.. .
New Hampshire.••.•..............••.....•............
New Jer~ey ..•......... . ....•..•• .........•..... . ......
S ew l\f ex ico ..•.•..... .......•••• .... ....•.•...••......
New York . ·-•········ ····· ··· -···• ··········--·· ·· · -··
North Carolina ..•.....•.••. -· -· ······ ······· ···· ---··.
North Dakota •••.... ••..••.....••••. _•...•.. _.•• _..• _.
Obio .. ·-··· ....••. •. ..••••• •...•..••.•. . .•••. ····-·· · ·Oklahoma._-· •.....••..•••....•.••••.•........ ··-·· ...

i~~~~i~aniii:::::::::::::::::::::::::::::::: ::::::::::

Rbo<le Island .... .........•••••••.....• •••....•••......
South Carolina • •• •••..••••••••• •.•••••••••.•.... _...•.

See footnotes at end of table.

161

63

87
15
9
64
101
35
262
346
156
232
144
205
46
79
94
224
317
289
282
76
789
4

15
346
25
692
14~
163
460
81
61
451
5
45

~i~;;
--- -----84
7
6 .•.•••••. .
133
6
140
3

59

----------

43
1
14 ---------8 ······•• ··
7
63
1
96
29
I
252
2
307
152
I
221 --------- 135
201
81
45
4
70
2
76
207
2
290
8
288
129
253
I
75
15
205
45

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

4 -·· · ···· ··

------- 2'J
--n -- -----· 604
76
15
275

I
141
I
43i
3
57
6
56 -- ---- ---386
11
4 ·········40
142

----------

77

6
127
137
59
42
14
8
46
95

28

250
307
151
221
135
120
41
68

76
205
282
159
252
60
160
4
15
240

n

52,
141
140
434
51

56

375
4
40

$16,143, 200.00
2, 455, 000. 00
6, 365, 500. 00
58, 373, 070. 00
5, 040. 000. 00
8, 600, 800. 00
2, 680, 000. 00
5, 200, 000. 00
2, 332, 200. 00
5, 897, 500. 00
2, 335, 000. 00
94, 629, 500. 00
18, 664, 250. 00
I 2, 625, 500. 00
6, 049, 250. 00
11, 182, 500. 00
JG, 607,000.00
11, 173,000.00
11,408, 130. 00
20,031,000.00
43. 965, 100. 00
le, 083, 125. 00
15, 3&l, 150, 00
25, 694, 500. 00
4, 117,500.00
9. 504. 300. 00
205,000.00
I, 3G3, OOJ. 00
88, 07 5, 300. 00
I, 077, 500. 00
393,437, 100. 00
8, 182, 500. 00
4, 504, 500. 00
100, 505, 764. 00
11, 291,000.00
2, 300, 000. 00
56,261 ,850.00
1, JOO, 000. 00
2,931,800.00

Idra:1:~~
A
t 'th
I
IAmount
ca';,~l~d Amount disbursed
\i~~ ofoutstandSept. 30,
$289, 625. 00
25, 000.00
946,500.00
9, 870, 645. 00

146,500.00
1,417,674.00
2, 112, 700. 00
2, 300, 000. 00
131,000. 00
1, 062, 000. 00
205,000.00
3, 04$, 385. 83
1, 873, 000. 00
2, 377, 500. 00
776,500.00
2, 302, 650. 00
1, 060, 000. 00
2,047,500.00
2, 059, 960. 00
3, 356, 800. 00
3, 239. 839. 00
704,600.00
1, 055, 000. 00
4,893,375.00
87,000.00
970,250.00

------------------611, 3f>5. 00
9,5 13,283.93
362,500.00
74, 2<J6, 310. 84
694,000.00
490,000. 00
7,133,527.00
357,000.00
350,000.00
10,251, 763. 50
201,500.00
160, 000.00

$15, 863.575. oo
2, 430, 000. 00
4,419. 000. 00
48, 002, 425. 00
4, 893, 500. 00
7, 192, 126. 00
567,300.00
2, 000, 000. 00
2, 176. 200. 00
4, 835, 500. 00
2, 130, 000. 00
91,581 , 114. 17
16. 791 , 250. 00
10, 248, 000. 00
5, 272, 750. 00
8. 879, 850. 00
15,647,000.00
9, 125,500.00
9, 348, 170. 00
16,674,200.00
40, 725, 261. 00
17, 378, 525. 00
14,313, 150. 00
20,801,125.00
4, 030, 500. 00
8, 525, 050. 00
205,000.00
751,635.00
78, 222, 016. 07
715,000.00
317,149,069.16
7, 488, 500. 00
4,0 14,500.00
93, 322, 237. 00
I 0, 934, 000. 00
I, 950, 000. 00
45, 995, 096. 50
898,500.00
2, 771, 800. 00

I

$8, 988, 04 I. 82
1,215,200.00
3, 484, 070. 00
~4, 187,002. IV
2, 639, 800. 00
5, 829, 999. 33
316,900.00
2, 185, 300. 00
1,427, 166. 94
3, 069, 632. 81
I, 634, 950. 00
35, 126, 229. 22
10, 600, 845. 00
6, 86.5, 24-0. 00
3, 730,144.01
6,318,957. 50
7,539,955.00
6, 263, 682. 58
7,459.477. 50
9, 211, 205. 10
30, 309,764.81
7, 650,689.00
7, 255, 680. 48
7,358,579.08
I, 421,040.00
3,512, 113. 49
97,000.00
236, 135.00
67,378,542. 21
584,825.00
63. 909, 421. 97
5, 406, 389. 37
2,435,675.00
55, 637, 330. 24
2,618,963. 73
996,925.00
36, 433, 343. I 7
697,900.00
I , 983, 850. 00

~

t:rJ
....,

0

~

8
0

l1j

,:,
t.".l

0

0

z

m
8

~

d

0
8
0

....
z

....l1j
~
z
0
t.".l

0

0

~

"tl
0

~

....8
0
z
e,.,
e,.,

TABLE

4.-Number of authorizations and borrowers, to which authorizations were made; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by States 1-Continued

c,,:,
~

TOTAL, ACT APPROVED MAR. 9, !Y33, AS AMENDED-Continued
~

State

Number I Number I Less du• 1Netnum•
of au thor·
of bor·
p!ica· bcrofbor•
izations
rowers
tions 10
rowers

Amount author·
izcd

Amount with•
drawn or canceled

I

.

Amount disbursed

I Amount outstand•

ing as of Sept. 30
1938 •
'

-------------------1---1---1-- -1---1---------- ------ - -- - - - - - - - - South Dakota .. . . . ....... ................... .... . . . .. .
rrcnnessee _- - - - -- - - -- -- -- ---------- -- --- --- -- - - - - - -- - - .

T exas ......•..•.................•.................•.. . .
Utah ..•••••.••.• . •............••..............••......
Vermont .•••.....•................••• ....... ... . . . •. ...

~1~h~~aii<ia:: ::::::::::: :::::::::::: :::::::::: :: :: ::::
~~ r:.;.~!t~i·~·::::: :: :: :::::::: :::::::::: :: :::::: ::::::
Wyoming ....... ..... .... . ................. ..... . .... . .

!1-laska ................................................ .
Puerto Rico ••••.•.•.•......•.....................•....
Virgin Islands •••........................ ...... ...•.•..
Total ........................................... .

0

cg:
§"
Q

Subscriptions for preferred stock ofExport•lmport Bank of Washington'······· ·······
Second Export•lmport Bank of Washington, D. C.'

Grand total.. ..... .

~

C'J
0
0

00 I
~

See footnotes at end of tahle,

143
138
465
44
62
176
114
105
526
31
I
4

3

- -8,606
3

129
l:J.5
446
44
60
164
110
95
456
27
1
4
1

I
2
4

---- - --- ------- ---I

----------------- -2
2
.•••••••..
I
. ••.•••• . .

12,
133
442
44
00
163
110
95
454
25
I
3
I

$4, 522, 100. 00
14,221,550.00
36, 564, 750. 00
4, 310, 000. 00
17,370,625.00
12, 763, 000. 00
7, 496, 500. 00
6, 996, 000. 00
38, 075, 000. 00
I , 687,500.00
37,500.00
1, 500, 000. 00
2-51, 000. 00

6.841

I, 250,564,914.00

I
1

45, 000, 000. 00
2, 500, 000. 00

6,843

I, 298,064,914.00

------- -7,297

456

1 ·····•· ···

l
l ·····•··· ·
------8,610
7,299
456

$84,000.00
I, 662,500. 00
5, J00, 625. 00
315,000. 00

$4, 438, 100. 00

$2, 906, 00.1. 99
I 0, 666, 200. 00
19, 12~, 6,9. 6!!
2, 127,061.43
16, 807, 150. 00
6, 725. 367. 50
2, 559, 750. 00
3, 835, 666. 67
24,117,241.17
893,706. 06

250,000.00
126,000.00

12, 559, 050. 00
31,374,125.00
3, 995, 000. 00
17, 370, 625. 00
10, 694, 650. 00
6, 064, 500. 00
6, 461, 066. 66
33,347, 100. 00
I, 367,500.00
37,500.00
I, 250, 000. 00
125,000.00

169, 491, 552. 44

1, 078, 642, 661. 56

533, 306, 795. 06

20. 000, 000. 00
2, 500, 000. 00

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

1, IOI, 142,661.56

553, 306, 795. 06

---------- --- ----- 2, 068, 350. 00
I, H2. 000. 00
"34,933.34
4,727,900. 00
320,000.00

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

---------------- -- ------------ --------169,491,552.44

-------- --------- -- 450,000.00
121,500.00

20, 000, 000. 00

~
,...

,..._

,...

""'
~
~

r,;
~
~

r:

0

'.7.

..,,"!fl
~

C!

...,
....
0
z
...."'1
0

2'!

>
z

0
t::::
0

0

::c

-e
0

::c

....~
0
:I.

REPORT OF HECO'.liSTHl"CTW:\' FINA'.liCE C'OHPORATION

35

4.-Number of a11lhorizatio11s a11d borroil'as, to which authorizations were
made; and amount of a11thorizatiu11s, withdratl'als or cancelations, disbursements,
and amount outstanding, from F,·b. :!, UU.!, to Sept. 30, 1938, inclusive, by
Stales •-Continued

TABLE

LOAS~ US PREfEl-<JU:D ~TOCK oi,· HASK:-i ASH THL'ST COMPANIES

ll"nder t)u.• aet

1tJ111rtl\t'tl

.\tar. 9, IIJ;J:J, as amende<ll

Amount

.\moimt
nu1 horized

State

Alabama____________________
.......................
Arizona
. ___ _.
Arkansas ......... . ....... . . . . . .
California ..... _................ .
Connecticut ______________ ._._._
Florida ................... .. ... .
Georgia.................... • .•..
Idaho ................•.. . .. . ....
Illinois ......................... _
IO\\'Q __________ ----- ----- --- - ----

IY
l

;
1'..?
l:!

1,,

2

I
l

I

Kansas ..............•..........
Maine ................ . ........ .
Maryland ..................... .
~lassarhusetts _________ ... .
Michigan ......... _. _. _... .
Minnesota. __ - _- _- __ . _.... .
llississippi. ............. .
Missouri.. .........•... _. __ .
llontana ............... .
Xebraska ............... .... ••Kew Jersey .................... .
New York ...........• . ......•..
North Carolina ......•.... _.... .
North Dakota ................. .
Ohio ........................ . .. .
Oklahoma .. ·····--·-· · ··· ..... .
Pennsylvania .... .. ... . .. , ..... .
South Dakota ........... . . _... .
Tennessee. __ ._. __ ... - .. ___ . --- .

t)~H

Texas ................... . ...... .

7

Virginia ....................... .

~:~!!t~i~_-.-:::::::::::::::::
Wyoming ..........•.•.......•..

2
l:!

2
22
l
l

I
/:~

81'
3

:i
2
21-4
5fi
(j

2

4
l

4
3
--Total •.•...•.............. ], 120

Amount
disbursed

withdrawn

or eanl'eled

,s.1, 1-0,mo.oo

$32, 0'25, 00 $:l, 148,575.00
50,000.00
549,500.00
:1, 071, o:;i. 0(1
r..19, i50. oo 2, 531, 300. 00
:Jt~I. SOU. tXI
!GU, 000. 00
149,800.00
1
l. 000, 00
l:l4, 200, 00
25,000.00
25,000.00
2:,,U(X),t))I ------------12, :"100. uo ------------12,500.00
t1U.OOO.t)()
50,000.00
----------:.?x, 000. OU
25,000, 00
2
3. 000. 00
ti/:{, 000. l)O
47,500, 00
5:15, 500, 00
4
:!O, 1;;10, OU -------------I
30,630, 00
:•~;, tKIO, tJO
506,000, 00
:1
----------4:1;, 511.). (X)
,,. :JOO. !XI
432,200, 00
2
1/;'i, fi:25. t)._I
l. tiOO, 00
li4, 025, 00
K
:.?2,ti!",0.00
l
22,650.00
I, 54S, UUU. IIO 1, 548, 000. 00
I
111,UOU.OO -------------I
10. 000. 00
lUfi 2. ~I I, 700. 00
248, 700, 00 2, 563. 000. 00
:l(J
4, \l~'\J, mo, IX) I. 71Y2, JOO. 00 3. 226, 950, 00
2'27, Y50. 00 I, 979, 200. 00
4:! 2. :.?Ui, 1.10. 01.1
18;, 5011, 00
3
12. 500. OU
175,000.00
:?0,000,0U
20,000.00
I
----------2, ICJO. OU
2,400.00
l
264, ,,oo. OU
7Yl, UOU. 00
526,500.00
ti
-l ILi, :")50. 00
383,450, 00
12
Zl, 100.00
Ii, 100, (Kl ·------------I
6,100.00
3U'J. UUU. OJ
300,000.00
2
151,250, 00
451,250.00
300,000, 00
5
20,000.00
5,000,00
I
15,000, 00
20'.J, 000. 00 .. ----------l
200,000.00
3
83,000.00
8:J.O00.OO -·
11.\ 000, 00 -------------2
115,000.00
- - - -----~-272 23. 274, 755, 00 5, 126, 025. 00 18, 148, 730, 00
~

~I

JI

Amount
outstanding
as of Sept.
30, 1938 I

$879,041.82

:,u.mu.uu -------------:,ou. lXl
... -------

-------------·
333,550.00

~~:t~:~1-

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

f)-\t1,

2,304,317.111
11,041.83
26,626.~
7, 587.M

------------18,971.57
505,857.58

-------------188,295, 10
316,433.81
139,208, 10
12,878.111

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

536,763.411
2, 410, 694. 21
1, 395, 370. 65
17, 1«. 37
19,000.00
2,260. :u
12,038, 73
239,674.83
4,145.56
90,000.00
110,979.01

-------------127,634.17

46,841.17
45,400, 06
9, 801, 762. 17

St:BSCRIPTIOSS FOR PREFERRED STOCK OF BANKS ASD TRUST COMPANIES

Il'nder the act approved Mar. 9, 193:l, as amended]
Alabama .................. .. .. ..

78

Arkansas ........••...... •......
Calilornia.......................
Colorado . ....... . ..... ..........
Connecticut . . ..................
Delaware ... ... . .......... ..••..
District of Columbia ...... . .....
Florida ....• . ........•.... ......

132
138
63
45
5
4
49
21
34
152
62
155
230
144
103
30
19
82
2"21
I IO
153
101
5()
52
4
15

Arirnna________________ • - - - - -- --

?ct~h~ia::
::::::: :: :::::: ::::::::
l!linois ... ...•. ......•...........
Indiana . . ..•.. . .. _..............
Iowa ... .. . . ..• . . ...... ..........
Kansas .........................

~~~~;!L:::::::::::::::::::::

Maine ........... . .•.. ....... . ..
Maryland . .. . . . ................

flt\: ••••••••••••·••

4

7.~ $12,962,600.00
4 I, 565, 000, 00
126 4,816,000. 00
134 50, 302, 020, 00
SY 5, 040, 000, 00
42 8, 300, 000. 00
165, 000, 00
.5
3 3, 400, 000, 00
46 2, 197, 000, 00
20 2,522. 500, 00
28 2, 310,000, 00
146 85, 346, 000, 00
61 7,847,500, 00
15] 12. 57 5, 500, 00
219 6, 021 , 250. 00
135 I I, 182,500.00
JOI IO, 871 , 000.00
29 8, 160, 000, 00
15 4, 250, 000. 00
73 19, 525, 000. 00
204 42,827, 600.00
100 13, 803, 500. 00
152 8. 965. 000. 00
92 10, 800, 000. 00
49 3, 515,500.00
52 6, 007, 500, 00
205,000, 00
4
15 l, 363. 000. 00

$257,600, 00
25,000, 00
946,500, 00
9, 330, 895, 00
146,500, 00
1,257,674.00
27, 700, 00
2, 300, 000, 00
130,000, 00
8l5, 000. 00
205,000, 00
l, 348, 385. 83
659,000, 00
2,377,500, 00
773,500.00
2, 302, 650, 00
425,000, 00
l , 000, 000_ 00
l, 282, 460. 00
3, 356, 800, 00
3, 234, 539, 00
400,000, 00
495,000, 00
902,875, 00
77,000, 00
672,550 00

$12, 705, 000. 00
I, 540,000.00
3, 869, 500, 00
40,971, 125, 00
4. 893, 500, 00
7,042,326.00
137,300.00
l , 100, 000.00
2, 042, 000, 00
l , 697, 500, 00
2, 105,000, 00
83, 997,614. 17
7, 188,500.00
l 0, 198, 000. 00
5,247,750.00
8, 879, 850, 00
10, 446, 000, 00
7,160,000, 00
2,967, 540, 00
16, 168, 200, 00
39,593, ()61, 00
13, 403, 500, 00
8,470,000, 00
9,897, 125,00
3, 438, 500, 00
5,334,950, 00
205, 000, 00
---- 61
---------1,365, 00
751,635, 00

$8, I 09, 000. 00

1, 215, 200. 00
3, 150,520. 00
18, 383, 185. 00
2,639,800. 00
5,818,957. 50
130, 300. 00
932, 300, 00
1,400, 540. 00
I, 020, 500, 00
1,634,950, 00
30,639,391. 67
3,198,445, 00
5, 865, 240, 00
3, 711, 172, 44
6,318,957, 50
7,507,855, 00
4, 426,075. 00
2,23 1,540, 00
9,022,910, 00
29,793,321. 00
5,323,420, 00
7,160, 302, 29
3,358,075, 00
1, 275, 790. 00
2,409,050. 00
97,000, 00
2'J6, 135. 00

See footnotes at end of table.

Digitized by

Google

36

REPORT OF RECONSTRUCTION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursemenu,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States '-Continued

TABLE

SUBSCRIPTIONS FOR PREJ'ERRED StOCK OJ' BANKS AND TRUST COMPANIES-Continued

Num•
ber of
BU·
thorl•
zations

State

Num·
Amount
ber of
authorized
bor•
rowers

Amount
withdrawn
or canceled

Amount
outstanding
as of Sept.

Amount
disbursed

30, 11138'

270
25
302
145
34
99
53
21
395
5
13
36
136
170
10
42
172
33
38
66
28
1
1
3

244 $81, 796, 250. 00 $7, 061, 183. 93 $74,395,066.07 $64, 367, 8l8. 00
584,825.00
715,000.00
22 1, 077, 500. 00
362,500.00
7,433,360.84 144,215,689.16 35,850,ai.32
5,389,245.00
7,313,500.00
139 7, 995, 000. 00
681,500.00
33 2, 440, 500. 00
40,000.00 2\ 400, 500. 00 1,005,17~00
90 38, 234, 364. 00 1, 686, 027. 00 36,498,337.00 20, 781,2111.00
92,500.00 10,407,500.00 2,606, 9'Jl00
51 10, 500, 000. 00
155,700.00
890,000.00
915,000.00
25,000.00
21
374 55, 851,300.00 10, 224, 653. 50 45, 611, 646. 50 36, 193,IIIA34
697,900.00
898,500.00
201,500.00
4 1, 100, 000. 00
90,000.00 1, 555, 000. 00 1,362,050.00
10 1, 645, 000. 00
25,000.00 2, 948, 000. 00 1,931,97~00
34 2, 973, 000. 00
133 13, 921, 550. 00 1, 662, 500. 00 12, 259, 050. 00 10,576,DOO
161 26,610, 500. 00 3, 140, 125. 00 23,470,375, 00 13,788,075.00
886,81111
265,000.00 I, 325,000.00
10 1, 590, 000. 00
7, 770, 000. 00 1,201, ir,o.oo
42 7, 770,000.00
163 12,743,000.00 2, 063, 350. 00 IO, 679,650.00 6, 725, 3&7. IO
30 3, 870, 000. 00 I, 130, 000. 00 2, 740, 000. 00 1,817,mOO
119,933.34 3, 245, 066. 66 1,499,1111.IO
37 3, 365, 000. 00
60 16,757,500.00 I, 445, 400. 00 15,312,100.00 ll,128,800.1111
848,ROO
25 I, 572,500.00
320,000.00 1, 252, 500. 00
37,500.00
1
37,500.00
1
250,000.00
250,000.00
_125, 000. 00 -·--i21,500.00
1
251,000.00
126,000.00

Total. ... _.•. __ .·-·-._ .... 4,354
Subscriptions for preferred stock
of:
Export-Import Bank or Wash•
3
lngton •.. ····--·-· .....•..
Second Export•Import Bank
1
or Washington, D. C.' ......

73,816,027.44 717, 515, 456. 56 392,536,051.18

New Jersey-·····--··---------·New
Mexico ___________________ .
New York _______________ . ______
North Carolina ____________ . ____
North DalrotB-------------·---Ohio. ___________ --·····-. -.....•
Oklahoma __ .••• ···--·-····- .•.•
Oregon.--·. ·-•······-·-·· -·--··
Pennsylvania_.-·-·--···-··-··_.
Rhode lsland_ .•• -·-·-·-···-·--·
South Carolina---···-·-·-······
South Dakota._·-·-·--· .• ·- .•..
Tennessee._. __ -·-···- ··--· -·- ..
Texas. ___ --- -·--·--· ·-. -- . ·--- -Utah.------·-·-- ___ ·-·---·-- ___
Vermont-·-··-----·-·----------~~b't!:'itoii::::::::::::::::::::
West Virginia_------·---·--····
Wisconsin •. __ ._·--·---·--·.·- ..
Wyoming_·--------···---··-·--Alaska ... ·-- ___ ·-··- .. _··- .. ···Puerto Rico ____ ..• -. -. _. _·- .•..
Virgin Islands .• _--··.·- .... ·- ..

a rand total .... -••. -. -.•..
PURCHASES

or

290 153,640,750.00

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

- - 4,122 ?93, 753,184.00
--=

4,358

1 45, 000, 000. 00

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

1

------ -- ---·-·

2, 500, 000. 00

20, 000, 000. 00 20,000,000.00
2, 500, 000. 00

------------··

4,124 841,253,184.00 73,816,027.44 740,015,456.56 412,536, 051.l~

CAPITAL NOTES OB DEBENTURES OJ' BANKS AND TBUST COIIPANIIS

[Under the act approved Mar. 9, 1933, as amended)
Arizona.........................
Calilornin ... .......... ··· · ···-·
Delaware... . ..... . ....... . .....
District of Columbia............
Georgia . . ......... . . .•... . •..•..
Illinois........ . .... ..... . .......
Incliana...... . .. .. .. . .. ..... ....
LooisiBDa ..•._........ ..........
Maine. .... . . . . .... .............
Maryland................ . .....
Michigan.......................
Minnesota.. ... . .. ··-.......... .
MM1:ssssoLo;suriP.·P·i·.····· ·.·. ·. ·.·. ·.·.·. ·. ·.·.•. ·.•. ·.•.·.·.
1
1
Montana... ... . . ... . . . .........
Nebraska....... . .... . ... ... ....
New Jersey_.... . .. .... . .. .. ... .
New York... . . . . . . . . . . . . . . . . . .
North Dakota.......... . . . .....
Ohio . ..... . .. _. . . ..... . .. . .... . .
Oregon .• ........... . . . -·.. . . ...
Soutb Carolina ..•... .. . . -· ... . .
SoutbDakota .•.•. -·• · ··· --·· •
Texas ... •• ·· ·· ·· · · · · -·-·· · ··· ·-·
utah . .. . . . . ...• . . . . . . . .. ... . . ..
Vermont .............. . .. .. . . . . .
Washington.·-······· · · · --·- ·- ·
West Virginia. . .. . ... . . ... . . . ..
Wlsconsi~ . ... . .. ·· ····· · -·· · ··
PnertoR1co. . . . . . . . . . ... . ......
Total.._.. . .... .. . .. .. . . ..

l
1
$840,000.00 .....•••.•....
$840,000.00 •·······OO'i,'i1>
l
l 5,000,000. 00 .. . ........... 5,000,000.00 $3,500, 600,00
JO
9 2,515,000.00 $2,085,000.00
430,000,00
186,(l)J.OO
5
5 1, 800,000.00 .. .. . ....... . .
1,800,000.00 1,253, 281
78
75 3,350,000.00
237,000.00 3,113,000.00 2,049,~ 00
109
105 9,271,000. 00 1,700,000.00 7,571,000. 00
400·00
284
246 10, 8 16,750. 00 1,214,000. 00 9,602,750.00
, S2, 1111· 00
102
100 5,736,ooo.oo
635,000.00 5,101,000.00
iro'oo
331 ·Ill
12
12 2,440, 000. 00 I, 000, 000. 00 I, 440,000. 00 I, :m'
931
55
54 7,127,500.00
777,500. oo 6,350,000.00 5, 200'.000:oo
I
1
700,000.00 ........ . . ....
700,000.00
000,iO
185
176 4, 104,000.00
303,000. 00 3,801,000.00 2, 188
P/1.' fll,J.00
135
135 6,380,500.00
560,000.00 5,820,500.00
, ooo,50lll!
180
160 13, 346', 500. 00 2, 442, 500. 00 10, 904, ooo. 00 4 145 2fl).00
25
25
592,000. 00
10,000.00
582,000,00
c,oo;:ioo.oo
48
47
685,100.00
49,000.00
627,100.00
00).00
600
3
2 1,350,000.00
750,000.00
600,000.00
fi63'.625.00
302
272 237, 589, 200. 00 66, 635, 000. 00 170, 954, 200, 00 26 •411 500.00
11 6
107 2,044, 000.00
450,000.00 1,594,000,00 1'-5:l• 71~oo
34 •~i' 22,;.00
359
346 62, 269,000.00 5,447, 500.00 56,821,500.
40
35 1,385,000.00
325,000.00 1,060 , 000.
621
00
32
30 1,286,800.00
70, 000.00 1,216,800.
909 , . 13
101
04 1,543,000.00
59,000.00 1,484,000, 00 5229 63i68
288
280 9,503, 000.00 1,750,500. 00 7,752,500. ~ 1: 240;2.ilJ.ro
34
34 2,720,000.00
50,000. 00 2,670,000, OO 9 600 00).00
20
18 9,600,625.00 .... . . . ... . .. . 9,600,625.
•741:97~00
81
80 3,626,500. 00
302,000.00 3,324,500. 00 2 ~oi;.00
66
57 3,431,000.00
415,000. 00 3,01,;,000. 00 12:911,6()).00
456
393 21, ;34, 500. 00 3,282,500.00 17. 9?2, 000. 00
450,000.00
3
3 1,.50,000.00 .. .. ..... . .... 1,250,000, 00 _ - .
---- - - -- - - - - - - - - 1J0968,9iil l0
3. 132 2, 903 433, .~30, 975. oo 90,549,500. oo 342,978, 475. CO ,
·

n:

:ig

:~oo

---------'---'---'------'-----'----__.-!.--See footnotes at end or table.

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Google

HEPORT OF RI<~CONSTRUCTION FINANCE CORPORATION

37

4.-Number of authorizations and borrowers, lo which authorizations were,
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. i!, 1932, to Sept. SO, 1938, inclusive, by
States '-Continued

TABLE

TOTAL, SEC. 36, TITLE II, OF THE

E~f:it~lt~'by FARM MORTGAGE ACT OF 1933, AS

[Loans to drainage, levee, Irrigation and similar districts, etc.]
Num• Num•
ber or ber or
au·
bor•
thorl· rowers
zations

Stste

Amona_._ ••••••• __ •••••••••••••

Arkansas __ ••• _••••••• _••••••• _.
California •••••••••••••••••••••••
Colorado ___ ._ •• _•••• --.-·-·····
Florida__ ••••••• ·-·-----·-···-·_
ldaho __ ••••••• _._ ••••••••••••••.
Illinois•••••••••••••• _.·-···-·-·Iowa .••• ___ ••• _•• __ • ___ • ___ •••••
Kentucky•• _.···-·-···-·-·-····
Louisiana_._ •• __ -·····-····· ____
Minnesota._ ••••• -·-·.·---·-·--.
Mississippi..-·-·-·-··-··--···-·
Missouri_._ •• _•••.• _.••••••••• _.
Montana •• -·--···--·---···-····
Nebraska ••••• _••••••••••••••••
Nevada. ____ • __ ••• ·-···-·-·--··_
New Mexico._._ •• _••• __ ••••••••
North Carolina •••• ____ •••••••••
Oregon. ____ ------·-·-·-····-···
South Carolina._--···--·· •• ·-··
South Dakota.--··-·-····-·····
Tennessee __ ·-·-.---···--···. ___
Teill8 •••• _•••••• ________ •••••••.

Utah·--···-·--··-··--·------···

~!~Jin::::::::::::::::::::
Wyom.lng .•·--·-·-·-····--··· ___

Total ••••••• -•••••••••••••

14
123
108

55
52
50

n

12
4
21
1
117
101
24
12
6
12
1
50
6
6

7
113
16
2
28
1
2

-1,021

Amount
authorized

7 $13, 822, 953. i,
84 14,434,802.96
54 48,983,114.41
32 5, IOI, 341. 3.5
34 8, 896, 250. ~8
28 2, 655, 215. 33
42 3, 670. 501. 27
383,500.00
7
91,932.45
3
1,
494, 433. 77
19
302. 500. OU
I
71 5, 426, 235. 56
74 8, 07(i, 849. 86
14 I, 587, 249. 31
9 1, 690, 830. 20
969,433.00
4
963. 807. 76
10
38,000.00
I
23 2,981,736.46
6
280, WO. 00
156,100.00
6
110,300.00
5
57 16,320,324.64
12
637,500.00
2
136,200.00
1,
424, 495. 70
17
22,000.00
1
46,900.00
2

Amount
withdrawn
or canceled

Amount
disbursed

Amount
outstandin11
as or Sept.
30, 1938 I

$2,875.59 $3, 120, 107. 68 $3,068,907.42
1, 929, 309. 06 9, i18, 758. 51 9, 234, 565. 33
8, 027, 029. 58 23, 572, 762. 67 23, 302, 445. 92
2,100,601.01 2, 748, 150. 74 2,681,575. 71
188,542.86 4. 337,716.96 4, 194, 121.16
791,395.86 1,394,238. 21 1,337, 757. 18
861,744.45 2, 302, 662. 78 2,166,557.65
1n, 735.34
183,000.06
194,735.28
21,854.36
68,025.61
69,603. 70
575,616. 73
813,181.07
n8,169.21
302,500.00 -------------659,025.66 4,725,412.61 4,347,555.61
1,061, 9n, 06 6, 646, 198. 02 6, 168, 279. 80
524,138.96 1, 036, 726. 28
983,991.98
126,043.14 I, 520, I 71. 36 1, 469, 908. 14
434,856.94
534,576.06
533,144.66
795, 88.,. 87
702,885.87
84,807. 76
1,000.16
36,999.84
36. 499.84
103,946.42 2, 826, 647. 96 2, 668, 112. 81
119,571.63
124,928.37
121,500.00
6,000. GO
15Q, 100. 00
136,500.00
18,000.00
91,799.49
85,.299.49
908,777.28 14,123, 890• .54 13, 855, 061. 29
322,000.(;4
315,499.96
273,000.00
200.00
136,000.00
130,000.00
256,550.00 1, 133, 872. 90 1, 034, 600. 00
22,000.00
46,400.00
44,500.00

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

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

625 140, 704, 668. 08 19, 633, 364. 61 82, 517, 026. 86 79, 600, 700. 02

TOTAL, ACT APPROVED JUNE 10, 1933, AS AMENDED
[Loans on, and a subscription for, preferred stock of Insur.moo companies]

North Carolina •••••••••••••••••

t~::::::::::::::::::

1
4
2
1
1
1
1
1

1
$100,000.00
3 22, 350, (){,(), 00
1 4, 12.5, 000. 00
1
100,000.00
1
150,000.00
1 4, 000, 000. 00
1 3, 500, 000. 00
1
50,000.00

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

$100, 000. 00
$100, 000. 00
22, 350, 000. 00 17, 448, 450. 00
i, 125, 000. 00 3, 635, 472. 67
100,000.00
59,679.45
150,000.00
130,189.81
4, LOO, 000. 00 3, 600, 000. 00
3, 500, 000. 00 2, 277, 000. (,()
50,000.CO
48,999.62

Total·-···-·····-····---··

12

10 34, 375,000.00

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

34,375,000.00 27, 299, 791. M

LOANS ON PRBrRRRED STOCK

or INSURANCE

COKPANIES

[Under the act approved June 10, 1933, as amended]

4

~::::::::::::::::
Total_ ••••••••••••••••••••

2
1
1
1
1
1
11

3 $22,350,000.00
1 4, 125, 000. 00
1
100,000.00
1
150,000.00
1 4, 000, 000. 00
1 3, 500, 000. 00
1
50, 000. 00

-·-···-·-·-··· $22,350,000.00 $17,448,450.00
• ···-········· 4, 125,000.00 3, 635, 472. 67
-· ···········100,000.00
59,679.45
-·······-····150,000.00
130, 189. 81
. ---··-· --··-· 4,000,000.00 3, 600, 000. 00
.• _. _. •• • • • • • • 3, 500, 000. 00 2, 27'i, 000. 00
..•••••• _. _•• _
50, 000. 00 ,..
48, 999. 62

___..._____..._____ ,.._____ _____
9 34, 276,000.00 -····-··--·--· 34,275,000.00 27, 199, 791. M

Bee footnotes at end of table.

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38

REPORT OF RECONSTHUC'l'ION FINANCE CORPORATION

4.-Number of authorizations and borrowers, to which authorizations were
made, and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
States 1-Continued

TABLE

SUBSCRIPTION FOR PREFERRED STOCK OF AN INSURANCE COMPANY

[Under the act approved June 10, 1933, as amended]
Num• Num•
ber of her of
au•.
bor•
z~~i~~s rowers

State

Kansas ...•••••..•.....•...••...
Total. ••••••..••••••••••••

Amount
withdrawn
or canceled

Amount
authorized

$100,000.00 ·•· .......... .

Amount
disbursed

Amount
outstandilu
as or Sept.
30, 19381

$100,000.00 -

$100,000.00

--- --- ------+------,-----,----100, ooo. ro

100,000.00 ···•···•······ ..•• 100, 000. 00

TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED
[Loans to finance the repair of damage by earthquake, flood, or other catastrophe in 1933, 1934, 1935, and 19.'ltiJ
California....•..................
Connecticut .•..................
Florida ...•••...................
Georgia ...••....................
Maine ....••••..•..•............
Maryland ....•..•..... •..•.....
~~'si~;~;i'.t.t~::::::::::::::::::
Montana ...................... .
New Hampshire ...•••..........
New Jersey ....•....•..•........
New York ......•..•.•..........
North Carolina .•••.•••...•.....
Ohio ...•.....••.•...••.•........
Pennsylvania.•....•••••....•...
Texas ....•....•..•••••.•.•.•....
West Virginia .•...••••.......•..
Total .................... .

4
r,2
I
l.17
20
9
123
8fi
I
11
1
21
I
2
207

2
4
705

I $2, l!i0,000.00
$897,170.00 $1,2S2,830.00 ............ .
51
51,770.00
91,175.00
$6.1, 7lt:5
142, !145. 00
I
fiO. 000. 00
38,459.00
11,541.00
5. 661. ,'()
144 1,335. 500. oo
303, 6g4_ 65
989, 8f,5. 35
8"7, zs; .11
20
24, 2,SO. 00
15. 800. 00
8, 450. 00
4, 4'.l; . .'-0
21, 600. 00
13,000.00
11, fiOO. 00
R. 320.00
9
325,159.00
Wl, 335. 00
66,821.00
31. 516.:!3
120
81
21H, 2.'iO. 00
40,379.02
172,370.98
13/i. 87761
1
l!iO, 000. 00
33, 3G5. 00
I 16,635.00
f,3, S!l!8
11
42, P5f.. 00
19. 478. 8fi
23,471.14
Ii, 219.12
1
500.00
500.00 ·••··········· ..... .
21
53. 1197. 00
17, 62S. 00
36,072.00
30. 0!9 N
1
11), .,oo.oo
10,500.00 ············
2, iS-1.12
2
4,000.00 ..............
4.000.00
494. 719. 9,;
391. ,'\ll5. 00
6-13. 822. 75
199 I, 035, 387. 7S
I
5,000.00
20,000.00
140,000.00
120,000.00
10,622.00
3
27,650.00
6,700.00
20,950.00

667

5,734,288. 75

2,218,341.53

3,470,447.22

1,741,054.20

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED

11

[Loans to borrowers engaged in the mining, milling, or smelting of ores]
Arizona•......•..•........•.....
California...................•...
Colorado ••••......••..•..•..•...
Georgia ......................... .
Idaho ..............•...•........
Kentucky .••.•..•....•.........
Montana .•.•.•..•••...•.•......
Nevada •...•..•.................
New Mexico •.•.................
Oregon .......................... .
South Carolina .•.•........•....
South Dakota ................. .

34
45
10
2

2
1

::;r;~'.~~::::: :: :::: ::::::::: :::

JO
11
3
5
1
1
3
2
1
10

Total. ••••••.•.•....•.....

141

~f;'g~nia ....•..•.••......•......

28 $1,691,500.00 $1, 24.5, 000. 00
$437,500.00
$4:!7, 500 00
37 3, ,528, 500. 00 1,047,500.00 1,656,000.00 1, 29]. 000. 00
10
735,000.00
672,000.00
63,000.00
60. 30,i. ;9
2
24, 000. 00
10, 000. 00
14, 000. 00
10, 82UI
2
240,000.00
240.000.00 ············· ······---1
120,000.00..............
27,200.00
27,200~
9
•~oo m~oo •~oo mooooo
11 3,365,000.00 3,155.000.00
210,000.00
49,617.:1
3
41,000.00
20,000.00
21.000.00
15,000.00
15,000.00 ·········•···•
4
428,500.00
413, ii()(), 00
1
20,000.00
20.000.00 ·•············ ············•·
1
20,000.00
20,000.00 ........................... .
3
60,000.00
40. 000. 00
16,000.00
16,000.00
14,000.00
14.COO 00
2
22,000.00 ..............
1
20,
co
15, 000. 00
5,
000
8 1, 0,55, 000. 00
55,000.00
913,000.00
763,000 00

000.

000. 00

123 12, 355, 500. 00

7, 205, 000. CO

TOTAL, SEC. 16 OF THE ACT APPROVED JUNE 19, 1934,

4, 059, 700. 00
AS

5.

00

2, 927, WI. 36

AMENDED

[Loan to a public-school authority for payment of te-~chers' salaries due prior to June 1, 19~4]
Dlinois ..........••...•......•... ,_1,_J,$22, ~00, 000. 001
Total.....................

I

1 22,500,000.00

$200,000. 001$22, 300,000.

00, ............. .

200,000.00 22,300,000.00 ....•....•..•.

See footnotes at end or table.

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0

39

REPOHT OF HEl'OC\~THl'<'TICI:\' Fl:\".\:\"('E ('OHl'OH.-\TIO~

4.-Number of a11thorizalion., a11d borrowers, lo ll'hich a11thorizations were
made, and amount of a11tlwrizati,ms, 11·itlu/rawals or cancdatious, disbursements,
and am01mt 011.tslandi11g, from Pdi. t, /!1,U, lo S,·p/ . .-JII, JfJ38, inclusive, by
States 1-Continued

TABLE

TOT.\L, ACT Al'l'HO\'El> .\1·0. 24, w:15
{Loans to or for the benefit or tax-supported puhlie-sc·hool di.:-tricts or otlwr similar publit-schoo1 authorities
in ehargt:' o( puhlil' S('hools]

Amount
authorized

State

Arkansas _____________________ _
Texas __________________________ _
Total ____________________ _

Amount
withdrawn

or canceled

Amount
clishursecl

Amount
out~tanding
as of ~rpt.
:111, 19:l8'

22
6

20 $1, 12:l.

$149,500.00

1,1;;1, 1100. IK)

$.'\-1!1. :!Oil. (NJ
:i,i. 500. 00

$150,000.00

6

2S

2f>

2,IKJfi,SlKJ.IIO

831,800.00

150,000.00

149,500.00

S(N)

00

10 Borrowers" inc-lude applic-Ants to whom loans h1n-e hPf>n authorized anrl institutions in connection
with which purchases of prefnrecl stock. capital notes or lll'henturt\.'- haYe heen authorized. "'ith respect
to loans on preferred stock, the figures represent the number of institutions on whose J1refrrred stock the
Corµoration authorized loans.
'Includes repayments unallocated. J>t'nding a,lviees, as or Sept. 30, 1938.
I These authorizations are not incluclec.l in tile ~late totals shown above, because the operations of the
borrowers ordinarily are not confined to any one State.
• Includes 12 authorizations in connection with refinancing or loans previously made hy the Corporation
to Federal land hanks.
'lncludes $193.61R,000 representing refinancing of loans previously made hy the Corporation to Federal
land banks for different indi\idua1 amotmts, hut in the same ag-).!rerate amount.
• In addition, upon certifl!-ation hy the Federal Emergency !(!'lier Administrator, under the Federal
Emergency Relief AC't of rn~~. the Corpornt ion dishursed $4\111,fi.~O,OOO for relier, as shown on Page 41 of this
table; and disbursed $348.HS SO to the ~'ederal Emergency Relier Administrator for expenses necessary to
-carry out the provh;ions of thP ahoYe M't.
'Of the $2!!!1.!184,!J!JV <lishurse,I for relief an<! work relier as shown on Page 32 of this table, $17,159.232.30
was repaid to the Corporation hy :States and politie:1I suhdivisions. ln addition, pnrsuanl to the provisions
of the act approved Feb. 24, J ~38. the Corpor:it ion's notes ,,:ere canceled in the amount of $282. S2.:i,766.70,
equivalent to the halanee of the amounts disbursed ror relief and work relief under title I of the Emergency
Relief and Construction Act of 1932, as amended.
1 Re\"ised.
•
• Includes 960 Joans Approved t.o 7lfi fruit growers locat~d in <'ertain areas in \Yashington.
1~ Duplications in the number of horrowers arise in cases where the Corporation makes authorizations to
a bank or trust company under more than one of the classifications under sec. 304 of the act approved Msr. 9,
JQ33, as amended.
11 Classified by States according to the location of the property or the borrowers.

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40

REPORT OF RECONSTRUCTION FINANCE CORPORATION"
ADDENDUM I

TO TABLE 4

PARTICIPATIONS BY BANKS, ETC., IN LOANS TO BUSINESS ENTERPRISES AUTHORIZED BY THE RF.CONSTRt:CTION FINANCE CORPORATION, BY STATES FROM JUNE 19, 1931, TO SEPT. 30, 1938, INCLUSIVE

(Under sec. 5d or the Recomtruction Finance Corporation Aet, as amended]
Amotmt authorized to be taken by banks, etc.
Loans by
ban_ks, etc., In
':t~~ti!:cir.·
nance Corpora•
tion authorized
purchase of im•
mediate par•
ticipation •

Loans by
banks, etc., In
which Reron•
struction Fl•
nance Corpora•
tion authorized
purchase of de•
rerred partic•
ipation •

Alabama............................... . .••.••.... ..•..
$125, 326. 67
Arizona................................................
100,000.00
Arkansas...............................
$65, 000. 00
35, 200. 00
California..............................
3,700.00
64,250.00
Colorado............................... .•.••.....•.••..
62,500.00
Connecticut............................
82, 000. 00
123, 000. 00
District of Columbia...................
5,000.00 ..••............
Florida................................. . . •.•. •. ... . •. . .
32, 120. 00
Georgia................................
364,646. 00
263, 925. 00
Idaho..................................
300. 00
28,150.00
Illinois.................................
3,500.00
225,166.67
Indiana................................
146, 500. 00
126, 100. 00
Iowa...................................
1, 500. 00
5, 000. 00
Kansas ....•••••••.••....•...•..••.•.••.
30,000.00
138,916.67
Kentucky..............................
31,500.00
303, 000. 00

$310, 800. 00
86,000.00
43,800.00
7, 736, 250. 00
27,166.67
31,880.00

State •

it~~~~~::::::::::::::::::::::::::::::
Maryland..............................

Bales of par•
ticipations i?Y
Reconstruct10n
Finan~e Cor•
porat10 n to•
banks, etc.

t ~::
12, 500. 00

~:m::

1, 031, 160. 00
Massachusetts.........................
142,950.00
144,150.00
Michigan..............................
1, 539, 250. 00
187,000. 00
Minnesota.............................
36, 500. 00
102, 720. 00
Mississippi.............................
7, 800. 00
31, 750. 00
M issourL .. . .• . • • . • • . • . .• • • . .• . • . . . . . .
1, 200. 00
79, 650. 00
Montana...............................
5, 470. 00
16, 757. 50
Nebraska..............................
20,050. oo
33,250.00
New Hampshire.......................
60,000.00
195,000.00
New Jersey............................
18,000.00
411,880.00
New Mexico........................... ••••••......••..
125,699.80
New York.............................
296,125.00
355,950.00
North Carolina........................
19,500.00
327,875.00
North Dakota..........................
300. 00
240. 00
Ohio...................................
99,825.00
489,150.00
Oklahoma .••..•••••.•.•••••.•.•.•.•....••••••...........••••..••••...•.
Oregon.................................
182, 383. 33
863, 500. 00
Pennsylvania..........................
248, 750. 00
833, 250. 00
Rhode Island..........................
5, 000. 00
423, 500. 00
South Carolina ....•..••••.•••.....•.••. . :..............
6,000.00
South Dakota..........................
3,333.33
15,650.00
Tennessee..............................
21,500.00
152,200.00
Texas..................................
109, 250. 00
99, 300. 00
Utah ..•••••••.••••• __ •....•••.•....••..
10, 000. 00
11, 500. 00
Vermont...............................................
700.00
Virginia................................
1,000.00
78,400.00
Washington............................
53,950.00
128,300.00
West Virginia..........................
10,000. 00
107,000.00
Wisconsin.............................. ••••••••.....•.•
317,250.00
:t::/fng••••••..•.•..••••••••••..•••...•••••....•••....•.•••• 8,000.00.
Puerto Rico............................
Total............................

18, 750. 00 .•.•.•.•••••••••
3,658,032.66

8,239,937.31

21,250.00

171,450.00
419,333.34

5,874.00
31,335.00
232,700.00
23,625.00
123,700.00
164,400.00

11,400.00
750.00
70,875.00
237,398.34
691,550.00
173,425.00
65,975.00
774,100.00
6,500.00

37,740.00
Hl,100.00
8,250.00
1, 088, 325. 00
151,550.00
750.00
795,969.90
101,500.00
22,975.00
407, 794. 13
7,750.00
399,875.00
18,500.00
525,317.18
152,975.00
5,000.00

33,300.00
529,937.50
277,650.00
253,414.28
352,950.00
7,500.00
200,000.00

75,000.00

17,046,660.34

Total

$436, 126. 67

186,000.00
134,000.00
7, 804, 200. 00
89,666.67
236,880.00

26,250.00
203, 5i0. 00
1,047,904.34

34,324.00

260,001.67
505. 300. 00
30; 125. 00
292,616.67
488,900.00
39,900.00
13,750.00
1,114,535.00
524,498.34
2,417,800.00
312,645.00
105. 525.1)(}
854,950.00
28, iZ1. fl.)

91,040.00
255,000.00
670,980.00
133, 949.~
1,740,400.00
498,925.00
!, 290.00
!, 384, 9«. 90
IOI, 500. 00
1, 068, 8.18. 33
1, 489, i94. 13

436,250.00
405, 8i5. 00
37,483.33

e99.0li. 18
361,525.00
26,500.00
34,000.00
609, 337.fl.J
459,900.00
3i0, 414. 28
670,200.00
15,500.00
200,000.00
93,750.00
• 28,944,630.31

• According to location or borrower.
• These amounts are included throughout this report In loans authorized by Reconstruction Finance
Corporation under sec. 5d, as amended, Inasmuch as in each case the entire amount or the Joan is autbomed
and disbursed by Reconstruction Finance Corporation. Sale of participation takes plaoe usually at tim8
or disbursement.
• These amounts are In addition to participations authorized by Reconstruction Finance Corporation
under sec. 5d, a.s amended, as shown throughout this report.
• In addition, banks, etc., were to participate In the amount or $4,866,100 In commitments outstanding
at the close of Sept. 30, 1938.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

41

ADDENDUM II TO TABLE 4 (Not Included In the foregoing table 4)
.~mount of disbursements for relief upon certification of grants by the Federal Emergency Relief Administrator, under the Federal Emergency Relief Act of 1933, from May 12, JU33, to Sept. 30, 1938, Inclusive,
by States
Amount
Amount
- State:
di•bursed
State-Continued,
di.iburatd
Alabama
..••••••••••••••••••.••••••
$8,994,391
New
Jersey
...••••••••••.•.•••••••••
$15,423,438
Ariwna __________________________ ....
2,834, 146
New Mexico........................
889, 188
Arkansas ..••••••••••••••••.•••••••• 7,410,249
New York.......................... 63,131,826
California ..•.•••••••••••••••••••••• 15,823,535
North Carolina..................... 9, 709, 990
Colorado ..••••••••••••••••••••••••• 3,925,050
North Dakota...................... 3,612,520
Connecticut .••••••••••••••••••••••• 4,591, 154
Ohio............................... 36,763,382
Delaware ...... _•••.•••••••••••••••• 1,010,708
Oklahoma.......................... 6,309,006
District of Columbia .•••••••••••••• 1,056, 174
Oregon............................. 3, 213, 315
Florida ..•••••.••••••••••••••••••••• 13,347,232
Pennsylvania....................... 44, 106,509
Georgia .....•••••••.•••••••••••••••• 7,705,354
Rhode Island....................... 1, 870, 967
Idaho .••.••••••••••••••••••••••••••
809,957
South Carolina..................... 10,424,200
Illinois ...••..•••••••••••••••••••••• 52,240, 03~
South Dakota...................... 7,035,597
Indiana ..••••••••••••••.••••••••••• 11,259,425
Tennessee.......................... 6,369, 196
Iowa ...••..•.••••••••••••••••••••• 5,248, 789
Texas.............................. 13,249,874
Kansas ...••••••.••••••••...••••..•• 2, 732, 726
U tab. . . . . • • . • . . . . . .. • . . • • . • • • • . • • •• 1, 723, 352
5,945, 118
Vermont...........................
481,544
t~~~:·························· 13,034,
157
Virginia............................ 5,594,074
Maine ....•••••••.•.....•...•.•••••• 1,251,414
Wa.shinglon........................ 5,627,176
Maryland .•••.•••••.••••••.•••••••• 7,171,098
West Virginia...................... 11,090,599
Massachusetts .••. _..••••••••••••••• 11,355, 140
Wisconsin.......................... 9,619,053
Michigan ...•••••• _••••••••.••••..•• 31,369, 782
Wyoming..........................
190.383
Minnesota _________________ • _______ • 8, 8.11, 959
Ala.ska.............................
349,629
8,550,286
Hawaii............................. 1, 110, 561
6, f,85, 494
Puerto Rico........................ 1,970,201
Virgin Islands......................
281, 753
Montana .••.••••• ·--·· ••••••.•••••• 2,853,357
Nebraska .•••••••••••••••••••••••••• 2,125,699
370,801
Nevada ........•.••.•••.•.•••••.•.•
Total ••••••.•••••••••••••••••••••• 499,650,000
New Hampshire ••••••••••••••••••••
966,436

~:~~pi. ........................

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TABLE

~

5.-Loan and other authorizations, by character of loans, etc. 1
[From Feb. 2, 1932, to Sept. 30, 1938, inclusive]
Withdrawals or
cancelatious

Authorizations

Repayments and
other reductions •

Disbursements

J

Outstanrling as
of Sept. 30, 1938

::0
t::l

"C

0

~

BANKS AND TRUST COMPANIES 3

Loans to aid in the reorganization or liquidation of closed banks:
To receivers, liquidating agents, and conservators .............................. '$1,119,456, 67.5. 18 • $273,589,473.81
Through mortgage Jo,rn companies.............................................
119,474,123.58
18,264,602. 76
On assets of closed hanks, under sec. 5e of the Reconstruction Finance Corpora•
tion Act, as amended........................................................
• 88,986,505.98
• 33,809,988.09

• $833,403,308.06
IOI, 154,845.82

• $78.5, 970, 205. 69
81,220, 110. 23

• $47,433, 102. 37
19, 934, i35. 59

• 44,606,041.01

• 40, 321, 385. 42

• 4, 284, 655. 59

Total, to aid in the reorganization or liquidation of closed banks........... 1,327,917,304. 74

325. 664,064.66

979,164,194.80

007. 511. 701. 34
~

Loans to open banks•· ........................................................... . I, 334,595,653.65
23,274,755.00
Loans on preferred stock ........................................•..................
8'11, 253, 184. 00
Subscriptions for preferred stock .................................................. .
433,536,975.00
Purchases of capital notes or debentures .......................................... .

196,378,316.88
5, 126,025.00
73,816,027.44
00, 549,500.00

1, 138,217,336. 77
18, 14b, 730. 00
740,015,456. 56
342,978,475.00

1,057, 86i, 888. 61
8, 346, 96i. 83
327, 4i9, 40,1. 07
212,009,493.60

3, 9r,o, 511. 812. 39

601,533,933.98

3,218,524, 193. 22

Total, banks and trust companies

I

BUILDING AND LOAN ASSOCIATIONS
0

cg:

;;a·

(1)
Q_

~

CJ
0

~

~

Loans to receivers ...............................•..................................
Loans to others .............................•......................................

25,141,957.841
123,798,241.56

71, 652, 493. 55
80, 349, 448. 16
u, 801, 762. 17
412,536,051.49
130, 968, 981. 40

. .

2. 513. 215,456.45

705, 308, 736. 77

-

21, 640, 057. 38
7,385,648.22

2, 816, 900. 46
115,317,593.34

2,149,436.14
113, 851, 596. 04

667,464.32
1,465,997.30

13, 331, 441. 86

00, 693, 209. 81
34, 275, 000. 00
100,000.00

87,199,454. 77
7, Oi5, 208. 45

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

3, 493, 755. 04
27, 199,791.55
100,000.00

94, 274, 663. 22

30, 793, 546. 59

1 - - - - - -- - - - 148. 940.
29. ms. 705. 60
116,001,032. 18 ========
2, 133, 461. 62
118, 134, 493. 80
Total, building and loan associations ..................••.....•............... ! ····
···· ·rn9. 40 Il=======l========i========
INSURANCE COMPANIES

Loans-direct ..............................................•........•..............
Loans on preferred stock ..•...............•.......•.................•..............
Subscription for preferred stock ......••.....................••.....................
Total, insurance companies .•......•.•........••........•.......•...•....•...
MORTGAGE LOAN COMPANIES 6

Loans-direct ........................................................ •••••••·······
Loans to The RFC Mortgage Company ....•..................•...................
Loans to Federal National Mortgage Association_---------------------------------

104,039, 7fi0. 19
34, 2i5, 000. 00
100,000.00

1---

138. 414. 750. 19

13, 331. 441. 86

125,068, 209. 81

1=====1=====1======1======
======
I

Subscription for stock of The RFC Mort~age Company___________________________ _
Suhscription for stock of the Federal National Mortgai:?:e Association. _____________ _
Subscription for stock of other mortgage loan companies---·----------------------Total, mortgai;te loan companies -

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

351, 942, ·223_ 49
95, 021, 275. 61
25,000,000. 00
25, 000, 000. 00
1

185, 794, 674. 06
67,627,883.87

__ -. 213.
_______
M>9.
490._ IO

,

103. 533. 077. 71

I

-~· ·--,

uuo. ""

t"1

0

z

rr.
.--3
::0

e
0

.....--3

0

z
...."'J
~
z
0
t,j

0
0

::0

"C

~
~

....

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

...•...• --·· ••

::0
0

0

-----------···········1
.
------------

!:~::::~ i-··•·i;2so;ooo:oo·
1--·-·

0
"'J

I

1HI.
..
o,

0

11A,781.54
uu .•.••

,;.

AORICULTURAL FINANCING INSTJTUTJ()NS, ETC.

~:::: ;g ::3:~:l I~fir~!~t:te-c-rC~lit-banks=::: ~: :::: :: :::::::: ::::::::::::: :: ::::

Loans to regional :1J:,!:ricultural credit corporations _________________________________ _
Loans to CommodiLy Credit Corporation ________________________________________ _
Lon.ns to Secretary of AgricuJture to acquire cotton ______________________________ _
Loans to joint·stock !~ml hanks .... - ..•..••...•••.•......•••• . ... • •.•.•••.•.•.•.•.
Loans to agricultural credit corporations ..•..••.•...•.•.•...•.. . •.•...•..••••.•.•.
Loans to Jive;-.tock rredit corporations _____________________________________________ _
Loans tor financing exports of agricultural surpluses .........•...•.•••.•.•••.••.•••
Loans for financing agricultural commodities and liYestock ............•.•.•.•.•..•
Total, agricultural financing institutions,
RATI.ROADR

Loans to receivers and tru~tees __ ____________________ . ____________________________ _
Loans to others ..•..•.•••...•...•.•.....•.•.•.•.•.•...•••••••••.••.••.•••.•..••.•.
Total,

• 399, 630,000. 00
12, 400, 000. 00
9, 250, 000. 00 ---·--178, 840, 4.02. 48
5,596,811.76
836, fJ9,), 702. 78
1,604,712,664.99
23, 500, 000. 00
20, 200, CklU. 00
5, 81:i, 014. 34
28, 6-~ I. 984. 77
6, 120,867. 59
477,249.37
14,511,:127.88
I, .1:l9, 729. 19
83, 370, ~.15. 22
33, 146, :168. 56
sr.. 061, .,1:i. os
fill, :101. 021. 30
2, 4:14, 68.5, 7RCi. 01

:ro. 005, 9R(L 00

e 387, 236, 000. 00

I 387, 2~6, 000. 00

9, 2SO, OCKl. 00

9, 250, 1100. 00

I 7:l. 243, 640. 72

173, 243, fi40. 72
767, 7lfi, HH2. 21

767, 716, 0112. ~1
3, 300, 000. 00

21,871, 45~. 71

5,643,618. 22
12,971, 5\18. 69
30, 224, 5sr,_ cili
19,504,491. 78
·----- --------982, .537, 897. 30
I, 430,962, 35fl. 99

3,300,0(H). 00
Jfo, 46:!. 10\1. UI

5, 408. :149_ 70
8-1, 855. 80
1~. !171, .r,HR. flH -------------20, 177, fiHO. 67
10. 04R. so:;. 99
5, 5:>8, 762. 42

lfi, 608, 6~J. 87

K\-l!i,Xfil. Ul

I, 414. 52f>, 393. 59

lfi, 4:!S. llf,3. 40

2fl, 109. !Of\. RO
393, 2.15. 2ti9. k8

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

692, 8.11, 335. (XJ

SH. 7U!. 00
105, .'i4S, 761. 89

2!1, 221,169.00
,57,5, 45f,, 570. 11

3, 112, Qfl2. 20
182,201, :JU(). 23

722, 897, 2%. 00

I Of\. 393, .555. 89

004, Rii. 73fl. 11

!Ra, 313. 3fi2. 43

-----

Through mortgage loan cmnpanie~--------- __________________________________ _
Fishing industry under sec. 5 of the Reconstruction ~'inance Corporation Act,
as amended .•...•.•.•...• ···-·-·-·-·· ••..••••••••.•••••.•••...•..•....•...•.
Total, loans to business enterprises •....

7 2a7, M9. 9.59. RO
lfi7, !\!JO. (JU
lfl, 422, 27[1. 00

R3, 943, 749. 78
,52. X:l><. 65
10. 721), 4:m. 8,i

126, Lill. 220. 62
114, Ii/ii. 3,5
5, 701, 8.15. 15

34,021.190. 97
114.f;,1. 3.5
4,414, ~>\1'2. 11

92, 136, 729. 65

----------

-

I, :!!<7, S4:I. 04

ro

Loans on self.Jiquidating projects under sec. WI (a) of the Emergency Relief and
Construction Act ol 1932, as amended .•.•••••••••.••.••••.............•..•......
Loans to public bodies for construction, etc., under sec. 5d of the Reconstruction
Finance Corporation Act, as amended.-·••··················•·················•

~

Total, sell liquidating projects, etc ..•.•.•.••••••••••••••••••••••••••••••••••

0

N-

Q_

CJ
0

~

See footnotes at end of table.

'"O

0

:=
>-3
0
~

-

*-6
Y.

·~

-,...
~

809,700.00

89. 900.00

719,675.00

283, I 3.5. ~3

13fl. 539. 17

Y.

74,806,928. 28

132,691,392.12

38. 833, MlO 26

93.~60,811.&l

"l

12, 35.5, 500. 00

7, 20.5, 000. 00

4, 059, 7()(). 00

rn2. 2M. &1

2, !127, 418. 36

1,

=

'✓•

;..

~

,.,

SELF-LtQrIDATING PROJECTS, ETC.

cg:

:::0

:.,:i

'274, 9(;9, 434. so

MINING, MiLLING, OR SMELTING OF ORF.8

Loans,

419, 3f~t. 376. f\H

==-=-=

BUSINESS ENTERPRISES

Loans to business enterprises:
Direct (including participations) ...••••••.•••.•.•.•...
Through banks ....•.•......•.•.••••.••.••••••••••••.•.•.••..•••.•.•.•.•.•.

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

400, 092, 487. 36

31, 841, 243. 14

41,141,491.81

337,000.00

441,233,979. 17

32, 178, 243. 14

311,529,515.37

123, 590, 638. 05

4,587,991.81 -------------------316,117,507.18

123, 590, 638. Oo

187, 938. 877. 32
4, f.87, 991. 81

192,526. 81\9. 13

I":

0
:::0
'"O

0
:::0

>
>-3

...

0

z

~
~
~

TABLE

5.-Loan and other authorizatiom, by character of loam, etc.'--Cootloued
WlthdrawRls or
cancela tlons

Authorf&at!ons
DBAINAGJ:, LJ:VJ:J:, mBIGATION, AND 8IMILAB DISTBICTS

Loans, totaL ••••••••••••••• ·-----·-···--····--· · · · · ····· ··- ·····-· ··············-··
BJ:PAm OJ' DAMAGE BY .IARTHQUAB:E, FLOOD. ETC.

$140. 704, 668. 08

I

= =

$19, 633,364. 61

Repayments Rnd
other reductions I

Dlsbimements

$82, 517,026. 86
l=======I

=

10, 450, 232. 20
1, 921, 124. 10
8, 529, 108. 10
Loans to repair damage In 1933•• ·-··-··········-··-·····- · ··-··-·-···--·······-·-··
Lo~0
!~:ri;'!s1933, 1934, 1935, 1936: ·-·········-·--·-·---·--······----··
1, 711, 962. 75
820,500.00
891,372. 75
4, 022, 326. 00
1, 397, 751. 53
2,579,074.47
To others ••• _., · ·-···-····-··-·······················-·-··-·-·-··········-····1--..:.....:...
___ l----..:...--1--..:...-..:...
__

ig~:!,

I orOutstandln«
as
Sept. 30, i938

$2,916,326. 84

$79, 600, 700. 02
I======

7, 719, 510. 03

809,598. 07

209,109.74
1, 520, 283. 28

682,263. 01
1, 058, 791. UI

+-------+-------

Total, repair of damage by earthquake, flood, etc • • ·-···-·--···---··--··---·- ,

16. 184. 520. 95

i

4, 139, "65. 63

2, 550, 652. 27
9, 448, 003. 05
11, 999, 555. 32
l=======i=======i======

:t

:
~
:
0

l>j

a

i

00

Loans to credit ·u nions . ••.•..•• • .•.•• OTllBB - - · ···········-· · · · ··-···-·- · -·· ·····Loans to processors, or distributors subject to processing taxes ..•... ····· ······ · -· LoRns to State runas for securing repayment or deposits or public moneys . ••.• • -••.
LoRns to rellnsnce public-school district obligations_•••••.• ••.• •••..•.•.•.•...••.. .
LoRD for payment or teachers' sslaries•... . •. . . . ..•• · -·· · ········-· ········ -· ·······
Amounts made available for relief and work relief, under the Emergency Relief
Rnd Construction Act of 1932, as amended.· · ·-····· ······· ····· ··-·-···-·-··-···
LoRn to Rural Electrification Administratlon. -·-· ····················----······· ··
Total, otber•••••• ·----··-····-··----·--···-····· ······---·-·-·-·-···-···--···
0

M2, 967. 80
26,089.27
13, 087, 715. 88
2, 006, 800. 00
22, 500, 000. 00

300, 000, 000. 00

42,872.01
11, 371.21

23, 084. 70

600, 095. 79

487,618. 21
14, 718. 06
13,064, 631. 18

14, 718. 06
13,064, 631.18

831 , 800. 00

150,000. 00

200, 000. 00

22, 300, 000. 00

15,001.00

299, 984, 999. 00

500. 00
22, 300, 000. 00
I

299, 984, 999. 00

7G, 500, 000. 00 -----------------2,425.46
46, 500. 000. 00
1-------1-------1-------------335, 854, 891. 91
382. 614. 444. 03 I
41(, 763,572.951

Grand t<>tal 1••• ·--·---····-···----·---·-·-- · ···········-·-·-·-··----···-·- · - 9,214, llil, 058. M

1, 12(, 128. 92

2,066, "2,742.92

• 6, 798, 908, 1157. 91 I 11 5, 088, 530,
l=======I==-==:· 057. 55

------------------ c:j~
149,500.00
-----------·---· ·- ~
....
112,477. 58

0

46, 497, SM. 54
46, 759, 552. 12
1, 710, 378, 900. 36

cg:

;;a·

(1)
Q_

~

CJ
0

~

~

• Excludes allocations to other governmental agencies; purchases or securities from Public Works Administration; and commitments outstanding.
• Excludes repayments unallocated, pending advices, as of Sept. 30, 1938.
1 Excludes loans through banks to business enterprises.
• Revised.
• Excludes loans through mortgage loan companies to aid closed bRnks, and to business enterprises.
• Includes $193,618,000 representing refinancing of Joans previously made by the Corporation to Federal land bRnks for different Individual amounts, but In the same aggregate
amount.
7 Includes $3,659,032.66 representing sales of participations to banks, etc; but does not Include $25,286,597.65 representing loans by banks, etc., in which the Corporation authorlllld
porcbll888 or, and agreements to purchase, participations.
• Includes $17,159,232.00 representing repayments and other reductions by States and political subdivisions; and ~2,825,766 .70 representing cancelatlon or the Corporation's notes,
pnnuant to the provisions or the act approved Feb. 24, um, equlvRlent to the balance or the amounts diabursed.
1 In addition, upon certlftoation by the Federal Emergency Reller Admlnlatrator, under the Federal Emergeney Relief Act of 1933, the Corporation had disbursed
$499,650,000 tor
1911er IIDd SMB,448.110 for expenses necessary to carry ont the provisions of the above act.
11 or this amount, S282,825,766.70 reproaents <BDoelatlon of the Corporation's notes, pursuant to the provts\ons of the act approved
Feb. 24, 1Q38, equivalent to the balance or the
amouuta dlabaned for relief and work relief under t!U• I of the Em.e,aenoy Relief Rnd Construction Act of lllS2, as amended.

z

...""'
~

~
a
0

~

't1

0

:...
8
0

z

REPORT OF RECONSTRUCT ION FINANCE CORPORATION

45

6.-Amoum of authori1ationa, di1bur1emmta, repayment, and '!'her reductions, ancl amount outatanding from Feb. B, 19SB, to Sept. SO, 1988, incluawe, by
clams and momha 1

TABLII

GRAND TOTAL

Amount of
authorization, t

Year and month

August....... .. ...... ....
September............. ..

October................ ..

November............. ..

Total............ ..

s.=~~:~

7,009,080. M
16,440,727.23
"8, 684, GOO. 92
34,615,181.07
36, 232, 968. 30
44, 903, 158. 06
47,565, am. 28
27, 180, ij77. 04
29,423, 415. 68

155, M3, 323. 23
UIS, 983,559.12
298, 276, 816. 69
171,149,931.86
146, 180. 913. 71
72, 120, 713. 91
137,623.749. 68
61,020,558.96
131,601,263. 75

199,4M, 02h. 39
388, 254, 246. 63
170,934,728.59
189, 068, 106. 31
138, 480, 782. 93
162,373,944.36
96,598,980.32
128,332, 558. 65

May................... ..

June................... ..
July.................... ..

December................

m:m::iu:

~k~:g~!:~
228,771,667.33

:
~~:~:::::::::::
April........... . .........

Amount of repay.
menta and other
reductlona

Amount of disbursements

Amount out•
1tandlng at end
of period

m:m:g?o:~i

331,987,822.44
-i7-i, 630, 6M. 33
724, 122, 570. 00
860,657,320. 79
971, 605, 266. 20
998, 822, 822. 05
1,088, ~1. 255. 45
1, 122,720,837.37
1,224,798,685.4"

-----1------·i
1------1------1,224, 798,685. «
299, e48, 453. 38
1, 52", H7, 138. 82
172.57

193.'I

1,936,199,

1======1 ======1,= ====,1=== --===

January................ ..

Jtbruary .... .•..••••..••

Mardi ..........••••• -..
April.................. ..

Au,ost

September............. ..
October................ ..

November.............. ..

Total... . ......... .
lllilf

1,310,341,151.01
1, 473,868,878. 74
1,697, 6S!!, 446. 63
1,674,874,849.45,

201 , 024,785.36
67,792,381.18
«, 791,443.05
517, 38.~. 597. 97
347,536,421.56
475,432,616. 36

115, 339,396.98
83,128,537.43
39,271,494. 74
48,646,412. 75
186,473, 065.01
369,537, S93. 42

112,949,200.42
73, fi20, 401. 92
01, 734,251.55
69,684, 6W. 98
51,202, 04fi. 08
67, 574, 1R3. 47

l, 8M,29l,601.24
1,864,899,676. 75
1,842,436,919.94
1,821,398.681. 71
1,956,669, 701.64
2,258.633. JI 1. 69

343,781, 484.63
138, 223,573.21
174, 702,436.92
lH, fi03, 338. 54
100, 482, 025. 14
205,212,280.51
278, 190, 303. 16
11 5, om, 399. 80
54. 3~4, 910. 2'l
60,087, 192. 35
87, 827,623. 32
132, 546,512. "8

86,163,678. 38
82,730,872.01
01, 311,849.17
91, 123,212.32
66, 1!97, 270. 39
67,831, 3~. 42
443, )61, 666, 45
136, ss.1, 990. 63
71,019,841.07
79, 142,232. 20
73,407, 39,i 85
IJ4, 654, 725. 17

2,516,250,917. 84
2,571,734, 619.04
2, 655, 125, 206. 79
2,701,505,333.01
2, 734,990, 087. 76
2, 872, 370, 987. 85
2,707,399,624.66
2,685,510, 033. 73
2, 6f\8, 864, 102. 88
2, 640, ~9. 063. 03
2, 664, 229, 290. li()
2, 682, 121,077.81

~:::~: ~: ~ u~~: ~: :in~

m: ~~: i~: t

l=======i
406,213,217.84
132, 453,627. 0.1
196, 7f0, 948. 78
101,690, 047.09
105,719,957.01
I 261, ~7. 646, 98
72,792,004.65
188, 29S, W8. 36
288, 771, OS5. 19
192,322, i09. 21
5.1, 612, 012.41
• 116, 4i2, 752. 03

rtt%&r}'................
April
May

.~:::::::::::::::::::
~~r;
August
September.•.•••..•••.•••
October
No<ember

Dtoomber

1935

32,452,828. 29
36,971,603. 16
M , 813,666.83
40,213, 99ti 05

---------l--------1-742,573,125.13
1-------1
2,258,633,111.60
1,776,407,551.28
2,746, 217,791.97

January .......•..•.....••

Total..............

117,995, 293.92
199,499,330.83
179, 533, 134. Tl
117,500,398. 87

m:~:t~: 1;

:
tL:::::::::::::::::
July................ ......
Dtcember. .. .............

142, s«, 447. 43
283,171,473.85
217, 732,207.45
162,526,631.98

I

I

I

2, 116, fl45. 5if>. .58

I, 827,925, 080,28

1,404,437,114.06

2, 682, 121,077. 81

• 32,097, 24~. 47
JO, 8.',0, o:JO. 26
37,057,127.58
58, 444, 786. 45
I 32, 373, 109. 22

73, 431 , 516. 58
60, /iS2. 3R.1. 40
54, Hi, f>l!7. 70
48, 076, 834. 97
4C., u~o. 017. 01
53, iW,l, IG/\. 23
60. 091, 016. 99
40, 278, 281. 99
34,010, 786, 92
47,011, 116. 53
34, 143, 979. 73
106, 845, 402. 79

2, 657,965,016. 68
2, 652, 120,001. 11
2,636,997,219.31
2, &15, 024, 662. 51
2, GAO, 764. 055. 32
2, 7H. 809, 977. 30
2. 808, 307, 238. 02
2,819,376,600. 41
2, 826, 465, 617. 48
2, 807, 890, 722. 20
2, 791, 732. 7RO. 16
2, 728, 6'l0, 344. 48

l======l= ===~=l•== ===,l==== -===-

' 1~1 .'iM, 094. 07

tllgu.st .......•••..•...•..
epttmber .•.•••.•. _.•.• •
0Neto er ....••.••..•...•••

~:i::············'·•

28, 25.1, 080. 00
26, 21;3, 593. 76
130,225, 477.53
30, 382, 759. 40
121,318.317. 28
39, 883, 602. 95

49, 27.S, 4!;1, 45
ft!. 737, 3~~- 83
39, OU, \I0.5. 90
.56, 104, 278. 17
61,729,009. 8S
137. 909, 087. 21
124,588,307. 71
51,347,644.38
42, 029, 803. 99
28, 436, 221. 25
17, ll86. 037. 69
43, 792, 967. 11

Total.. ..... ....... .

• 694. 704,126.97

707, Ml, 086. 57

661,001,819.90

2. 728. r,so, 344. 48

24. 616. 112. oo

62. 162. 133. 42

49, 420,650.65

2. ,.,, 421,827.25

170,700,496.83

42, 200. 62'2. 53

238. 617,224.01

2,221,396,342. 85

~}~i.~~~:::::::::::::
April ··••···••••····••·•
May

June
luly

1936

i~b~~·········-········

::
~A;Ur!!Ut{II.I.:.·:.·:.·=.:.
,,
September

•. ··•·· ..

1;~iijfjID:i
~
~;
~
:
t
J
;
:
l]~J~:mm·:~ i:mJtti
~~Jt~: t~n~ ~•
i~' m• m·
4

~•

g~•

~

~~~{~~~;;~;=.·:. .=:.=.:.=. 'TT:~:f gt~
Total... - . . •• • • .• . .

I

8,935,348. g7
578, 641, 718. 94

~

~::~ti::~

I

~t~:m:!i

~g, ~~• ~-:

t :~fm:~1f~

2,134,064,877.82
63,318, 770. 11
25,067,831.62
___3_64___1_7·l--2,-1-3-4,-6-64-.-87-7-.8-2
328, 372, 89-7-.-51-I·--,9-22-,3_88

l=======•i=======,1=======~1 =======

·See footnotes at end of table.

Digitized by

Google

46

REPORT OF Hl<X'ONSTRUCTION l!'INANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
classes and months 1-Continued

TABLE

ORA.ND TOTAL-Continued
Year and month

Amount or
authorizations

t

Amount of disbursements

Amount or repayments and other
reductions

Amount outstanding at end
of period

1937

January ________ ---------February ________________
March ___________________
April.. ___________________
May ___________ ---------June _____________________
July ______________________
August ___________________
September _______________
October __________________
November _______________
December ________________

• $14,408,108.36
8, 573, 558. 25
• 12, 332, 449. 53
• 97,277, 132. 38
• 39,054,201.07
• 61,029,340.94
• 93,630,910.54
• 159, 766, 366. 42
• 40,310,826.66
5,586,471.50
• 8, 276, 153. 92
83,007,502.44

$48, 158, 198. 30
15, 705, 071. 11
16,394,887.98
26. 075, 199. 15
11, 364, 373. 76
28, 4i4, 505. 42
38, 372, 893. 07
13,838,981.64
24,161,285.17
24, 353, 488. 24
33,279, 122. 08
67,318,572. 20

• $35, 493,002. 23
(37,357,394.68
88,231,105.02
• 42,317,304.87
26, 245, 972. 64
23. 621,504. 72
• 24, 965, 450. 20
• 7!i, 989, 423. 85
15, 983, 439. 46
• 16,373,756.98
• 12, 171,240.37
4 27,714,348. 95

$2,147,330,073.89
2, 125,677,750.32
2, 053, 841. 533. 28
2,037,599, -127. 56
2, 022. 717, 828. 68
2,027, 570, 82\J. 38
2, 040, 978, 272. 25
1, 97i, 827. S:lO. 04
1,986,005, fi75. 75
1, 993, 985, 407. 01
2, 015, 093, 288. 72
2,054,697,511.97

Total. ____________ -

• 623, 253, 022. 01

347,496,578.12

• 427, 463, 943. 97

2,054,697,511.97

January __________________
February ________________
March ___________________

45, 621, 44 I. 05
32, 348, 006. 48
• 25,237,016.02

32, 605, 557. 77
36,258. 563, 47
25, 482, 818. 71

• 19,673,511. 16
• 33, 752, 127. 00
• 293, 425, 450. 81

2, 067, 629, 558. 58
2, 070, 1:J5, 995. 05
1,802, 193,362. 9S

Total, first quarter_
April _____________________
May _____________________
June _____________________

• 103,206,463. 55

94, 346. 939. 95

• 346, 851, 088. 97

1,802,193,362.95

104, 059, 212. 42
'38, 0611, 611. 14
• 37,053,384. 28

29. 318, 105. 84
37,846, 35.o. 25
27,602,304.34

• 11,278, 949. 52
' 146, 426, 628. I 7
• 21,535,823.82

1. 820. 232. 519. 27
1, 71 I. 652, 246. 35
1, 717. 718. 726. 87

Total,
second quarter _______________

• 179, 173, 207. 84

94, 766, 765. 43

• 179,241,401. 51

1. 717, 718, i26. 87

July ______________________
August_ __________________
September _______________

71,107,012.95
86,840, 158. 62
78, 952, 806. 04

26, 099, 762. 76
42,687, 579. 43
28,497,577. 76

72, 243, 805. 48
24, 090, 779. 11
'8, 290, 161. 87

1,671, 574, 1\84. 15
1, 6YO, I 71,484.47
1. 710, 378, 900. 36

1938

Total,
third quarter _______________

236, 8£9, 977. 61

97,284,919.95

' 104,624,746.46

1,710,378.900. 36

Grand totaJ. _______

9, 214, 941, 058. 04

6,798,908,957.91

' • 5, 088, 530, 057. 55

1, 710, 378,900.36

TOTAL, SEC. 5, RECONSTRUCTION FINANCE CORPORATION ACT, AS AMEKDED
1932 __ -- _-- - _______ -- _-- __
----------- ----1933
1934 ______
______________________
1935 ______________________

$1,623, 154,844.44
I, 529, 578, 898. 18
I 827,076,609.31
180,461,830.98

$1,427,603, 122. 64
I, 156, 842, 666. 34
1 756,339,443.47
174,443, 104. 84

1936
]Jl,nuarY-----------------February_--------- __ --- March ___________________
April. ____________________
May_------------------- June __ - ---- -- -- -- - --- -- - 1uly ______ -- ---- ------ --- August _________ ---------September _______________
October----------------- November _______________
December ________________

' 17, 049, 894. 79
4,797,977.98
109,430, 139. 36
26,122,916.07
22,525,312.62
8,310, 139 58
2,779,967.20
28, 242, 679. 87
3, 596, 578. 21
' 11,774,599.33
8, 442, 602. 55
2,813,097.33

Total ______________

$299, 832, 996. 43
734, 50fl, 495. 63
1, 030, 526, 079. 48
I 485, 892, 415. 92

$1, 127, 770,126.21

5, 845, 842, 34
8, 766, 711. 17
6, 883, 435. 42
12, fOO, 452. 21
11, 124,092. 12
4, 180, fi08. 06
16,946,451.02
9, 785, 793. 42
5,974,234.27
15, 062, 862. 03
4, 187, 208. 76
15, 762, 093. 27

• 41, 852, 145. 03
' 32, 075, 828. 48
60, 016, 3fJ6. 67
18, 441, 445. 66
20, 882, 492. 04
24, 134, 628. 57
66,701,434.40
16,038,655.17
19, 922, 639. 38
24, 083, 060. 27
25,017,433.84
22, 252, 042, 76

928, 464,047. H
905, 154, 929. 83
852, 021, 998. 58
846, 171, 005. 13
836,412,605.21
816, 458, f>St 70
766, 703, ti()l. :tl
760, 450, 739. 57
746, 502, :m 46
737,482, 136. 22
716,651,911. H
710,161,961. 6S

1

1, 550, I 00, 296. 92
I, 275. 919, !i60. 91
964,470,349.83

• 245, 885, 005. 89

117,109,784.09

• 371,418,172.27

710, lfil. 961. 6S

1anuary __________________
February ________________
March ___________________
April _____ ---------------May _____________________
June _______________ -- -- -1uly____ ___________ -- -__ - August ___________________
September _______________
October __________________
November _______________
December ________________

9, 050, 044. 36
3, 590, 733. 86
3,497,423.12
14,635,207.45
30, 789, 770. 04
' 18, 332, 608. 88
' 3, 026, 879. 86
6, 844, 086. 63
' 16, 734, 359. 14
34fi, 694. 20
253,458.81
3,912,299.99

4, 146, 582. 10
4,616,662.24
5,481,114.51
10,361,963.20
2,941,227.46
13, 649, 128. ~,5
14,922,131.95
6,574,994.30
11, 64fi, 355. 86
7, 343, 922. 80
4,077,689.07
14, 236, 83-5. 65

17, 025, 333. 56
12, 595, 128. 00
27,814,279.44
14, 662, 608. 5fi
10, 619, 269. 45
7,178.407. 61
15, 267, 848. 47
9,619,376.21
8, 466, 458. 80
9,626,864.34
9, 194, 334. 63
12,285, 142. 01

697,283,210.19
689,304,744.43
666, 971, 519. &l
662, f,70, 931. 15
6/i4, 992. S9'2. 16
661,463, m. :,o
6fl, 117,896. !Iii
658,073, 51;_ o;
661,253,412.13
658, 970. 470. 59
653, 853, 82,\. 03
655, 805,518.67

Total. _____________

• 111,013,566.34

99, !!98, 608. 09

154,355,051.07

655, 805, 518. 67

1937

See footnotes at end of table.

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REPORT OF RECONSTRVCTIO~ FI~ANCE CORPORATION

47

6.-Amount of authorizations, disbursements, repayments and other reducliom, and amount outstanding from Feb. 2, 1932, to Sept. SO, 1938, inclusive, by
claaau and months I-Continued

TABLE

TOTAL, SEC. S, RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDEDContinued

Year and month

Amount or
authorizations

1

Amount or repay•
ments and other

Amount or disbursements

reductiOns

1938
January..........•.••....

February ••..••• •.••..•..
Mareh •.•......••••....•.
Total, first quarter.
4priL. •.........• ••••••••
May •••••••••••••••••••••

lune ...........••. •..... •

• $23, 693, /i69. 65
4,537,821.28
8, 359, 274. 06

$7,353,669. 73
10,243,474.16
9, 439, 254. 72

$7, 99:l, 791. 28
• 13, 938, 530. 56
• 4, \!69, 835. 43

$655, 165,397. 12
651,470,340. 72
655, 939, 757. 01

36, 590, 664. 99

21, m6, 398. 61

• 26. 902. 160. 27

65.5, 939,757. 01

21,480.049. 67
21. 206, 029.00
• 11,974, 2117. 79

• 4,448,914. 18
• 30. 406. 159. 39
8, 975, 665. 48

• 6,848, 134. 68
I 42. 115, 978. 5()
• 8, f,'l8, 9\J2. 81

653, 540, 536. 51
641,830, 717. 40
642, 1~7. 390. 07

54, 660. 366. 46

• 43, &10. 739. 0,5

• 57,603, 105. 99

642, 167,390.07

50,589, ,578. 09
14. 492,400.00
16,059,412.09

10, 792. 441. 68
23,999, 212. 51
14,256,684. 39

5, 92n, 171.10
18,506,354.67
• 4_. 627, 776. 59

647, 033, 660. 65
652. 526,518.49
662, 155, 426. 29

I

Total. second quar-

ter . ..... . .... . ...

1uly........•....••.••.•..
August •.•.••.••••••• • ••• •

leptember ....... •• •. •. ..

Amount out·
standing at end
or period

I

Total, third quarter .••. . .•••••.• •.

81,141,390. 18

49, 048, 338. 58

I 29, 060, 302. 36

662, 15E, 426. 29

Grand total ••...•..

4, 689, 564, 076. 77

3, 852, 252, 205. 71

• 3, 190, 096, 779. 42

662, 155, 426. 29

__SANKS AND TRUST COMPANIES (INCLUDING RECEIVERS, LIQUIDATING AGESTS AND

CONSERVATORS)

(Under sec. 5 of the Reconstruction Finn nee Corporation Act, as amended]
11132 .......•.•.. • ••••••••.

1933.... . .................
J9:W.................. . ..
11135 ......... . ...........

$048, 087, 000. 09
845, 509. 525. 16
I 426, 329, 385. 50
107,897, 162. 76

$849, 548,657.68
574, 662, 731. 14
358, 932, 233. 56
106,561 . f.01. 16

I

$256, 240, 037. 14
461,363,078.09
462. fi78, 2!/6. 28
335, 605, 939. 68

$593, 308, f20. 54
706, cos, 273. 59
602. 862, 210. 87
373, 8li, 772. 35

I
I

1936

~l~fY---·-·······-···

-~.11.....................

I:::
Total.. ..... . ......
M137

Jan

l!iiiilll
Total. ...... . ......
January

1938

~~"f~~:::::::::::::::
Total, lll!lt quarter.

• 9, 378, 229. 71
2, 706, 657. 34
8,975,920.57
5,_700, 054. 09
12. 520,326.14
6, 743, 139. /i8
2, 180,436.95
6, 883, 654. 88
3, 186,429.2;
• 3, 364. 567. 51
2, 689, 593. 28
I, 696,444.37

4,506,418. 18
3,923. 147. 40
5, 233, 740. 93
4,241,577.57
3, 2.37, 178. 53
3, 022. 009. 09
3, i 67, 184. 83
2, 824, 153. 74
3,332,214.83
4, 245, 262. 74
692,828. 56
4, 979, 683. 67

• 26, 3G3, 745. 54
• 22,961, bl 7. 31
55, 34i, 712. 50
13,577,910.68
12,306,867.84
12. 991,547. fi5
16,410,165.82
II, 918, S52. 75
13, 308, 985. 43
12, 005, 546. 76
10,673,864.30
12, 9~6, 338. 37

352, 0:10, 444. 99
332, 982, 075. 08
282, 868, 103. 51
273, 531, i70. 40
264, 462, 081. 09
254,492,542. 53
241,649,561. /i4
232, 754, 862. 53
222, 778, 091 . 93
215,017,807.91
2(,5, 036, 772. 17
197,080, 117. 47

• 66, 025, 453. 69

44, 005, 400. 07

• 220, 743, 054. 95

197,080, 117. 47

3,700,044.36
2,474,998.48
862,500.00
10,275, 557. 19
1.5, 757, 025. 96
• 4,319, 722. 18
• 2, 958, 974. 28
166,786.63
• 1,734,359. 14
346,694.20
253,458.81
1,547, 712. 12

847, ~51. 56
1,053, 015. 15
1, 986, 085. 36
1, 131 , 158. 00
358, 338.61
503, 795. 73
10, 146, 823. 01
2,748,878. 94
I, 325,170.33
2, 2,19, 974. 91
267,171.27
9, 125, 988. 66

10, 064, 908. 34
7,762,931. 79
8, 172, 603. 46
6,412,338.38
5, 855, 272. 37
3, 730, 709. 06
6,914.959. 69
4,887,078. 75
4, 362, 860. 97
4,402,807.28
4, 773, 852. 76
8, 778, 746. 51

187, 862, 260. 69
181, 152, 344. 05
174, 966, 725. 95
169, 685, 545. 57
164, 188, 611. 81
160,961,698.48
164, 193,561.80
162,055,361.99
150, Oi 8, 271. 35
156, 875, 438. 98
152,308,757. 49
152, 655, 999. 64

• 44, 397, 833. 35

31,694,051.53

76,119,069.36

152, 6.55, 999. 64

• 452, 606. 66
1, 534, 249. 61
1, 102, 707. 16

1,076.310. 16
321, 309. 99

4,372, 795. 19
3, 330, 154. 12
2, 771,188. 53

149, 359, 514. 61
146, 124, 160. 49
143. 674,281.95

1, 492, 420. 15

10,474. 137. 84

143,674,281.96

4 3,

389, 563. 43

94,800.00

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48

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorization,, diaburse~, repay~ and ol.~er reduetiona, and amount outstanding from Feb. S, 19SS, to Sept. SO, 1938, incluaioe, by
claaaes and months L-Continued

TABLII

BANKS AN1> TBU8T COK1'.l!IIS8 (INCLUDING RIICBIVIIBS, LIQUID.l'EIJIIG AGBl!l'l'II .lND CONlll:BV.lTOBa)-

Contlnued
Amount or disbursements

Amount or
authorizations I

Year and month

Amount or repay•
ments and other
reductions

Amount outstanding at end
of period

193&-Oontlnoed

tr:t::::::::::::::::::::
June •••.••••••••••.••••••

4, 5116, 657. 76
2, 513, 469. 00
3, 094, 800. 00

• 469,511.25
• 2, 182,691.46
276,683.46

• 2, 678, 136. 09
• 7, 863, 790. 13
• 2, 447, 976. 23

Total, second
quarter .••••••••••

10, 164,926. 76

• 2, 928, 886. 16

• 12, 989, 900. 41!

133, 613, 'Jtn.116

899,578. 09

1, 284, 424. 73

1, 474, 400. 00
45,000. 00

399,800.00
224, 300.00

2, 825, 330. 62
2, 765, 578. 60
I 2, 148, 332. 74

132, 072, 361. 77
129, 706, 583. Z1
127, 782, 550. 53

7, 739, 241. 86

127, 782,550.53

1,843,952,755.65

127, 782, 550. 53

Jaly •• •••••·•·•••••••·•··
August-... ...............
September ••••••••••••••.
Total, third quarter.

2, 418, 978. 09

1, 008, 524. 73

Grand total.. ••••••

2,454,219,828.83

1, 971, 735, 306. 18

I
I

141, 465, 658.11
135, 784, 559. 44
133, 613, 267. 116

BUILDING AND LOAN ASSOCIATIONS (INCLUDING RBCBIVIIBS)

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended)
1932•••• •·••••• •··•·•••·•.
1933 •••• ••·••• ••....••....
1934 ••••••••.•••......•...
1935••• •••••••••••••••••..

$93,863.114. 67
19, 187,440.08
1,921,537. 79
1,469,157.96

$99, 696. 044. 75
21 . 815. 467. 54
21,814,676. Off
1. 678. 524. 90

I=======

$9,616.440. 07
37,196,637.00
48, 240, 98ll. 90
14,112, 712. 18

$84, 246. 674. l50

575,799.92
735,893. 57
470,564.67
363,257.33
292,124.30
931,066. 80
189,020.27
167,552.54
286,587. 00'
449. 257. 46
233,743.65
235,349, 72

6, 698, 675. :U
6,027. 711. 29
5, 557, 146. i2
6, 193, 889. 39
4,918,765.09
3, 987, 698. 29
3, 798. 678. 02
3,631, 125. 48
3, 344, 53~. 42
2,895,280.911
2, 6!17. 537. 31
2, 462, 187. 59

4,930,217.10

2, 462, 187. 59

104,132.54
161,505.88
107,000.90
137, 151. 75
174,497.58
167. 251. 89
107,755.35
85,486.62
58,797. 29
91,672.93
72,703.76
71,426.80

2, 358. 055. (I.I
2, 196.549. 17
2. 089. 548. 'li
2. 235, 78 I. 22

1936
Janunry. . ................
165,000.00 .•.••••.••........•.
February. ...............
150, 000. 00
64, 929. 52
March •.••. ••......•.•.•....••••••....... ••••. ••••••••••...• . ••..

tf:t:::::::::::::::::::: ..........~~~~: ~.......... ·i1~000:;-.o·

Juno •••••••••.•.••••.•.•...••••••...••.••••••.••••••••••••...••••
Jul y .••••.•..•..•.•.........•.•••....•..••...•••••.••..•...•...•••.
August ....•••.....••.••....•••••.............•••••••..•.•....••••
eeptembcr. •••...•.......
37, ooo. oo ................... .
October ••••••• •••••..•.•...••••••....••.••.•. . .•. • . •....... _.... .
November............... ......•••.••••.•• • •.
36,000.00
December ....•••....•..•..•......•...•....••••••••••.•••.....•..•
Total..............
395, 850. 00
117, 929. 52
1937
JanuMy .•. .•...•.••..................•••••••••••••• ....•.....•...
February • .•••.•.•.•.......•........ .....••• . ••••....••..........
March...................
321,017.93
April............. ...... ..
917, 2ill. 92
283,384.70
M ay.. .......... .........
2, 81l4. 82
Ju ne ........... ....... ...
602, 209. 58
159,759.82
Jul y ... ... . ....... . ....... . .....•. .. .. .... • ••.
3,570.80
Au~ust . •....••. •... • ......... ..•. ........• ••••••.•...•..... •• ..•.
September.•••••••...••..............•.••••••••••••••..•......•••
October ..........•.•.•.........•.....•....•••••••......•.......•.
November_········-····· .................••.••••...•....•.....•.
December........ ..... ...
400,000. CO
533,325.80
Total...............

19311

2, 243. 31l9. 25

980. 041.12

Total, first quarter.

199. 766. 90

2, 061, 283.64

2, 053. 791. 57
1. 9-19. 607.02
1, 86-1. 120. lO
1,505. 323. II
I , 713, f.50.18
1,640. 94fo. l2
2, 102,845.42

1,339,383. 29

2, 102. 845. 42

395, b31. 25

59,777.63
66,888.61
49,153.26

2, 04.3, 007. 79
2, 371, 710. 43
2, 322, b57. I7

395,531.25

175,819.50

l=======l•=======l========I=

1snuary •• . . . . • . .• .••.•.•.
1, 500. 00
Febrnrsry ••••••.• _•..•.••.•••••••.....•. . ••.•
March. • • • . . • . . • • • . . . • . • •
198. 266. 90

66, 237, 4TT. 51>
IQ, 918,029.48
7,274,475. 2G

2, 322. 557.17

I = = = = = = l=======l=======i=====

71,729.44
1,500. 0G .•..............•...
49,307. 48
MaY .·-··················
600,000.00
174,905. 72
• 88,303. 43
June ......................................... •···················i---.....:.===·i•
Total, second quar•
601. bOO. CO
ter _••••..••..•••.
174,905.72
• 209, 340. 35

2, 250. 827. 73
2, 376. 425. 97
2. 288. 122. 54

J'uly .............. ...... ..

2. 217. SH. 71
2, 193. 847. 13
2, 13.l, 461. 62
2, 133, 461. 62

APril·-···- ···············

90, 000. 00
August •.•• ·-············· ••••••..... .... .•••.
September •••••••••••..•. _ _ _ _40_5_,ooo
__. 00_
Total, third quarter
495. 000. 00

Grand total.. ••••••

148. !HO. 199. 40

70,307.83
24,835.69
48, 803.27
1 60,385.61
_._·--·-·-··_·_··_·_··_·_··_··1------'---+
24,835.69
I 179, 496. 61

_• •
11

ll8, 134. 493. 80

1116. 001, 032. 18

See footnotes at end of table.

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2. 288.12'.!.M

2. 133. 461. 52

REPORT OF RECONSTRUCTION FINANCE CORPORATION

49

6.-Amount of authorizations, disbursements, repayments and other reductiom, and amou11t outstanding from Feb. S, 1932, to Sept. SO, 1938, inclusive, by
cla,sea and months I-Continued

TABLE

INSURANCII 00HPANIE8

[Under sec. 5 pf the Reconstruction Finance Corporation Act, as amended)

Year and month

Amount of
authorizations •

1932..••••••••••.•..••.•••
193L •.•••...••.••.••••••
1934 .•••••••••••••••••••••
1135..................... .

$83, 048, 931. 66
17,479, P35. 85
2, 254, 690. 77
67. 300. 00

Amount of repay.
ments and other
reductions

Amount of dis•
bursements

$68, 037, 618. 92
19,644,414.60
1,830, 829. 93
1,631.31

1936

lonuary.••..•••••••.••••...•.••.•••....••••...•.•••••••••.••••••.
February •••........•.•.•..••••.....•••..•••...••.••••••....••...
~larch .......................................................... .
\pril.. •..••.•..•••.••.•...•••••••••••.•.•.••......•..•....••.••..
\fay .....................
·•••••••••••••••••••
.•••••••••••••••••••_
lune.
________________ ---- ____
... __________________________________
luly ............................................................. .
-~urust.. •••••••••••••••••••••••••••••••••••••.••••••••••••••••••.

'eptember.•.••...•.••••...........•.........••••.•••••••..•.....
)ctober ......................................................... .

~ff\"ember. ____________________________ .. - - - - ------ -------------156,000.00 ••••••••••••••••••••

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

156,000.00 .................. ..

1937
January.................. .••..•..............
February............... . . . .. .. .. .. . . .. • . . . . .

130,921.66
25, 000. 00

M•.rch .......................................................... .
lpril.. .......................................................... .
l!ay•••••••••••••••••••••••••••••••••••••••••.•••••••••••••••••••
June ............................................................ .
July ...•............••......••••.•.•.•.•••.•......................
Aurust.. •••••••••••••••••.••••••••••••••••••.•••••••••••••••....•

September ••...•••••••....•••••••.•.....•..•...••.•.......... --·
October ......................................................... .
November ..•••........•..••.•...•....•.........•................
December.•..••.•...•.••........ -.................. •· • · · ········ ·
Total ................................. .

155,921.66

1938
lanuary.•.....•.•••••••••••......•................•••••..••......
Febru .ry...•..•.....•.•...........................•.•...•....••..
'larch ••.••••........••...................... -···················

Amount out•
standing at end
Gl period

$5, 588, 738. 52
21,163,735.01
38,019,933.04
18,561,501. 91

$62, 448, 880. 40
60, 92<J, 559. 99
24,745,456.88
6, I 85, 586. 28

125,180.07
208,248.10
105,149.96
540,205.39
26,790.54
73,795.80
134,458.84
109, 8.15 OJ
440,534.92
161,944. 44
126,539.00
126,182.90

6,060, 406. 21
5, 852, 158. 11
5,747,008. 15
5, 206, 802. 76
5,180,012.22
5, 106, ~16. 42
4,971,757.58
4,861, n2. 57
4,421,387.65
4, 259, 443. 21
4, 1:i2, 904. 21
4,006,721.31

2, 178, 864. 97

4,006,721.31

160,141.22
77,711.91
62,286.64
19,886 42
23,215.06
116, 91 I. 30
23,273. 49
104,341. 25
mo, 232. 78
16, 37.5. 09
407,478. 65
163,967.54

3, 977, 501. 75
3, 924, 789. 84
3, 862, 503. 20
3,842.616. 78
3,819,401. 72
3, 702, 490. 42
3, 679, 216. 93
3,574,875.68
3, 378, 642. 90
3, ~fi2, ~fi7. 81
2, !!54, 789. 16
2, 7(10, 821. 62

I, 371,821. 35

2, 790, 821. 62

33,824.91
175, 144. 94
21,614.32

2, 7f>G, 996. 71
2,581,851. 77
2, 51i0, 237. 45

Total, first quarter ........................................ .
2,500,237.45
230,584.17
l=======l=======I======

~fit::::::::::::::::::: ....... '.~~~~~~~'.~ ~:. ······ ·i;iii1; 1\i3:30·

4

13,735.48
15, fl 16. 68
18, 5~4. 75

2, 54f>, 50 I. 97
3, 548, 678. 68
3,530, 153. 93

Total, second
quarter ...•.......

1, 032, 891. 91
1,017, 793. 39
3, 530, 153. 93
• 47,876.91
l=======l=======li======cl======
luly
.............................................................
.
4,298.
75
3, ;)~5. 855. 18
_, Au1;11st_ _________________________________________________________ _
16, 147 57
3, 509, 707. Rl
September ••....•...••••......................•............•.....
i 15,952.57
3,493,755.01

Total, third quarter ........................................ .
Grand total ..•••.••

104,039, 750. 19

90,693,209.81

• 3n, 398. 89

3, ·193, 755. 04

'87, l!J<J, 454. 77

3, 493, 755. 04

See footnotes at end of table.

\17703-39--4

Digitized by

Google

50

HEPOR'l' OF HECONHTHl'CTION I<'INANCE CORPORATIOX

6.-Amount of authorization8, di8bursements, repayments and other redwtions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclwtive, by
classes and months•-Continued

TABLE

MORTGAGE LoAN COMPANIES

[Under sec ..5 of the Reconstruction F-inance Corporation Act, as amended)
Amount of
authorizations'

Year and month

$95, 066, 902. 61
238,514,020.43
84, I 10,951. 76
30, 776, 768 7i

1932 • . ······------·-·---·.
1933 . •.•••.•• --•--- ·-·--· 19;14 __ .• .•....• .. ·-· -·---·
1935 •• • •..• ----·--- ·---·
1936
J anua ry .. .•• ____ ..•••.. -·
F~hruary .• ---·-----·-·-March ... - ·-··· .....•.•.•
April.. . •••. ····-·-----··;1,,:a_v_____
···········-·----····
June
_______________ _
Jul y . . . ..• ••.• ---··-···-· Aug-u!-t _. ________________ _
September.·- ----·- · .. ·- October ______ ·-·-·----:-.'ovember .. _ ·---. ··-··.
Decemhcr . . .. ·· - ··-· ··Total. _______ ·-· - ..
1937
January_··-·--· .. ·- . Fe~ruary. · · - · ·--· · · - ·

$11,331,611.42
25, 805, 654. 43
92, 508, 755. 42
56,017,317.60

$78,403.811. 31
182, 671, 6-15. 47
163,601,196. 46
130,654,488.07

I, 283, r,74_ 16
910, rn4. 25

2, 525, 409. 39
2,285,28i,41
2,503,056. 74
1,901,814.49
3, 442,217. 05
4, 784, 399. 26
2, 780,544.50
2, 145,681.04
2, 483, 443. 38
3,397.321. 30
3, 523, 894. 83
5,727,358.34

129, 412,752.84
128,00i,oo:?.68
127, 184, 2-IO. 43
127, 702. 300. 58
129, 07.1, 36S. 89
125, 355, 568. 60
127, 181,623. 29
131,847, SRI. 93
131,204,957.19
130, 442, 235. 98
129,428, i2l. 35
132,975,272.61

2,419.871. 64
4. 815,235.36
1,064, 598. 97
4, 60fi, 599. 19
6, 8ll, 639. 68
I, 840,819. 44
2,634,599.29
2, 5IO, 380. 20
9, 2i3, 909. 60

,---- ----1---

45, 726. 335. 20
39, 821, 2()\). 27
37,500,424. 73
I = = = = = = l = == == = l = = = = = = I

April.. . . _. _____ . - · -. - ....
May ••• ·-···- - - · · - ·-··- ·
June •• · - ·-- ·· - ··---·---·July . . _.. _._. __.. _.. _•.. . .
Auvust.. . ·- · · -· --·-·- ... .
f:e.ptember . .. · · --·-·-· .. .
Or.tohrr. .•. -- ·- ·-·-······ · ·Kovombcr. . . -- ·-·· ·-· ..
Decemb, r .-- -- -·----- --·

1938
Jam.tf\rY--· -·-·· .. ··-··-.
February __ ·-·· .... . ---.
March.··-------- - -··--.

$89, 735, 422. 73
130, 073, 488. 59
73, 438, 306. 41
23, 070, 609. 21

I. 649, 6H4. 49

295. 000. 00
1, 115, 735. 38

:Vlarch .--·- · -·· --- -- ··- ··

TutaL- .--- ·- ·-· · ..

206, U6/i. 08
I. 941,320.64
I. 031. 818. i9
4,230, 3H. !IR
9,879, \18i 48
1, .558, 000. 00
149, 53U. 25
13, 181, R24. 99
373. 148. 94
7,170,031. 82
5, 153,009.27
850,652.96

Amount outstanding at end
of period

Amount of repayments and other
reductions

Amount of disbursements

I, 907. 177. 91

3, 442, 373. 34
5. 029, 879. 26
13,395, 677. 12
67, 905.58
1, 675.000. 00
15, 000, 000. 00
l, 481,587.87

3, 166. 608. 88
3, 538, 64i. 09
3, 14 I, 16H. 30
2,979, f,1)1. 85
2, i,,1.\ 082. 89
2. 98.;, 573. 40
4, i5fi, 738. 14
3, 826, 115. 36
5, 306, 521. 62
5,023.947. 89
3, 8i0, .517. 80
4,577,521.19

43, 413, 336. 46
15, 728, 042. 41
l = = == = == I = = = = = = =
15, 439, 462. 99
353,571.67

3,217,359.57
3. 994, 149. 45
2, 352, 708 27

4. 064, 666. 08
3, 8-33. 035. 9 I
6. 691,720.96
7, 350, 010. 05
3. 967, 348. 58
2, 3i2, 443. 81
5, 590, 503. 30
4, 052, 643. 09
3,025,413.90
1, 4()9, ~15. 91
2,851, 143. 26
2,445,074.46

50, 653,249.31
2,667, 190. 81
• 6,372,753.89
1,734,312. 15

'l'o•al, first quart<'r

15,793,034.66
9,564,217.29
l = = = = = == I = = = = = = =
211, oou. 00
2,701, 102 93
I, 296,060.00
1, 774,268.82
M nY---------·--·--·-···.
.lune. __ .:, ___ ____ _______ ._
• ti, 407, 48i. 79
3, 323, 944.28

132,077,215.41
131, 782,826. ,'I.I
128, 232,271.93
123, 81\1,!;.'lJ.73
122, 449. 568. 04
123, 06~. 697.63
122, 228. S32. 47
122. 002, 404. 74
124. 2S3, 512. 46
124. 89~. 24444
125,917. fi!S. 98
128, 050. 065. 71

,---- - -

4

.,pril.. •••• -----·--··-·-··

132,975, 2i2. 61

I 28, 600. 234.47
126,221,630.03
126, 840. 02fi. 15

' 10, 774, 2/i6. 85

126,840.026. 15

2, 779, 465. 21
4 33, 299. 110. 61
• 3, 304, 810. 35

126, 761,66.1.87
98, 236, 822. 08
98, 255, 956 OI

T 1 taL S('C~:mrl quarter _____ . _______ _
• 7,914.547. 79
118, 2M. 956. OI
10,799,3 16. 03
• 39,383,386.17
1 = = == == = = = = = = 1 = = = = = = = = = = =
Jul)' . . .. __ . - - ·- --_ .. ·- ___ .
35, 000,000.00
100,
232, 3.11\. 50
4. 558,016.95
2,581,616.46
A ugn st
1, 145, 0110 . 00
96, 281\, 690. 26
R, 587,576.82
JO, fiJ.1, 243. 06
Sept.e mbl'r --------·-- · ··
10,399,000.00
103, 339, ot'-0. 17
9,019,814.73
'1,967,444.82
0

1--------1

Total, third quarter

46,544,000 00
20, 165,408.50
' 15, 0~2, 304. 34
1
Grand t,,tal. . - - . - .. ==6=0=7.=8=59=,=l:i9=7=.~6~=l,==44=2=,3=9=6,=0=20=_=4=4 , - '339~56, 960.

271

See footnotes at end of table.

Digitized by

Goog Ie

103,339,000.17
103, m, OW.

IT

REPOHT 01'' Iti,;COl\'S'l'RVC'rIOl\' FI:---Al\'CE CORl'ORATIO:---

51

6.-Amount of authorizations, disbursements, repayments and other reducand amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
· classes and months •-Continued

fABLE

li0fl8,

CRKDIT l;NIONS

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

Year and month

4~') ·--- ·------ •• - - -- -- - -

'~3 ··• ...........•••. . •.
931.. •...•.•..••••••••••••
13· .• •.• . • ••••••••••.
19.16

.,mount of
authorizations

2

$4;z, 446.00
141<. 555. ()()
1.116/i. 80
20. 000. Oil

Amount of repayments and other
reductions

Amouut of disbursements

$44~. 098. 00
13,. 789. 41
l.9M. 80
19,241 . 58

Amount out•
standing at end
of period

$8. 8.18. 00
57. 551. 20
12!1,007.29
71\, 629. 14

$431, 2f,O, (I()
fil2, 498. 21
38,,. 457. 72
:!28. 070. 16

13, .~70. 00
525.00
~. 540. 00
I, 750. 00
225. 00
8, 8IO. 00
150. 00

314,500. 16
313,975. 16
311,435.16
:J(~J. 6'!5. 16
309, 4f,0. 16
:JtMI, 050. 16
:mo.sm.16

=========l=======I,====== = =

anuary ..... __ .... _.•.•.... ····------ .. _____ ... --- ·-- .. .. .. .•• . .•
'ebruary. -·····- ..•..••...• - ... . .... .. . --·-· ............•..•••..
,larch .............••......... . . . . . . . .. ·· -· .... ·-· •.. .. ........ . .
\pril _____________ ----- - .. . . ---- - - -- - - -- . ----- -- --- --- . . -- -- -- - · - ·
,lay
• ... .. .• ___
.•... ._______
...........
··-· ........ ··-···
.. ...
.• .• . _
.
une ...........
_______________
___ ____________
___ __ ____
_______
uly ............ .... ....• · • ····- · ············ .....• . . .. . .. . . ....
,u~ust _____________ . .. -- - ------- - ------------ -- -- ---- - · -- --- --· - ·
eptember ....... .. ...• . . · ·····-·•······-···· --·•··-·· · . ...... . . .
lrtober ..........• . . . . •. • ....... .... · -···--·· •---·· •·· · •··· ·· · · · ·
\ovember ______ . ___ . ___ . . - - -- - . -- - - - - - -- - - - - - - ----- -- - - - - - - - - - - lecember ..... . .......•.. ··--·-·········· --·· -·-·---····· ·· - ·· · ••

I, 2fi6. 77

2,u.:m.:19

:l.7:l!i.00
1, fl50.00
:!, 325. 00
8SO. 00

29.5. 508. 39
2\13. 858. 39
200,533. 39
28Y. 053. 39

38,416. 77

289,653.39

~o\ember ___ ____ .... . _.. ___ __ _-- -- -- --- - --- - - --- ---- --- -- - -- -- - )ecember._ .... •. ...•.•.. ····- ·····-··-·· ·--· ··-····· ·· .. .. .. •.. .

5,625.00
30,800.00
2i. 2i6. 81
7. 5i5. 00
32, ·130. 00
5. 115. 00
15. 725. 00
JO, 525. 00
2,975.00
725. 00
42.5. 00
975. 00

284,028.39
253. 228. 39
2"!5, 951. 58
218. 376. 58
IS.\ 946. 58
180, S'll..~8
lf,5, 106. 58
IM,581. 58
151, l\()f,. 58
1.50, 881. 58
150,456.58
149,481.58

Total. ....... . . .. .. -··-·-· · ··········-· -·····-··· ·· · · ···· ··

140,171.81

149,481.58

4,844.00
5011. ()()
2,375.00

144,637.58
144, 137. 58
141,762.58

Total._ . . •. .. • . ••.. · ··· · ·········---··-··-- · ··• · · ·· ·· · ·· ·· ·
1937

anuary ___________ _______ ____________________ ---------·· - -·· · -· · ,ehruary ..........••.• ... .... - .... -- .. - .. · · · · · · · · · - · · · · · • •· · · · · ·
,hrr.h ..•.....••••••••••• · ····--··--··-····-· ·-···-·· · ···· ······ ·

\pril __________________ . .. ____ _______________________ ---------- -·

,lay
• . • .•••. ··· ··- •• ...... --···.
...••....•......
uoe .............
___ __ ____ ___ ________________________
. _____·-·
____
_____ ____ ____ . ..

uly ................•.••. .... ........... ...... .............•... .

\urost __________________ _ ______ _____ _________ ---- -- ----- - --------

'eptember. ......••....•• · · · ··•· · ·· ·· · ··- ·· ·· •-···-··• ·· ·· · ·· · ···
irtober ... _. ..•....•••••........... ···· ·····- •·········· · ····· · ··

1938

.~i~ry
_________ _______ -------------------- -------------------\larch ..... ..... . ...•.... ···-· ·-·-·-·-····· ·- ···-·· ............. .
Total, first quarter . .................. __ . ___ .............. . .
\pril ............ . .•. . •••• ····· · -···-- · ·-···-- ·-·····- ····· ·· ·····
\lay.········
...___
. •...
• . __
· - .•......
····---· .. ··- ··· - ____
· - .. ....
iune
___________
.. ___
. . ___ . ___· -__-·_______________
____
____ ._._

Tittal , second
quarter . .. . ........ .. .. ... ... •· -··· .. ........ ... . . ... . .
lulr ........ . ..... . .•.•• . ······-·······-··-·· ··-· ··- ··· ···· ..••..
\u~ust.. ..... _.........••........ ·-······ .... .. ··--· -· ... • · · •····

;,.ptember. ·-··-··· .... . . . . • . ·-· · ·· ........... . ·-·· ... •....... . .

7,719.00

141. 762. 58

ll, 700. 00
375. 0()
• 9.860. 00

I :JO, 062. 58
129, 6S7. 5g
119,827. 58

• 21,935.00

119, K27. 58

6,450.00
750. 00
'150.00

113, 377.58
112,627. 58
112,477. 58

Total, third quarter . . . _. .. . : ........... ... _. ..... . . . .... .. . .
• 7,350.00
=s=====,I=======[,
Grand total. . .•.•••
642,967.80
600. 095. 79
'487,618.21

See footnotes at end of table.

Digitized by

Google

112,477.58
112,477.58

52

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disburaementa, repayment& and otMr reductions, and amount outstanding from Feb. S, 19SS, to Sept. SO, 1988, incl1UiH, by
classes and months L-Contihued
·

TABLE

FEDERAL L.lND B.lNXI

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

Year and month

Amount of
authorizations 1

Amount of repay.
ments and other
reductions

Amount of dis·
bursements

Amoontonl•

standing at end

of period

1932......................
$29,000,000.00
$18,600,000.00 ····••.•··········-··
1933......................
145,518,000.00
123,618,000.00 .•....••••..••••.•••
1934........ •••••••..•••••
I 225,118,000.00
I 245,118,000.00
I $308. 780,601.29
1005................ .• .... . . .. . • . . . . • . .. ... ..• .. . . . . . . . . . ... . • . • . .
33, 6~4. 481. 80

$18, r.oo, OOJ. 00
142, )18, OOJ. 00
78,455,3118. 71
44,830,916.91

1936
January••.•••..•...••••••.......•...••••••••...•••••••••••.••••••
February.••••....•.••••............•...••••••.•••••....••..••••••
March .••..•..•.......•...••.....•••••••.••....••••••••.•••.••...
April.. .....•.••...••••••.........••••••••••.•.•..••.....•••••.••.
May •....••..••...••••••.......•.••••.•••.•••..•••.••••.•.....•..
June ..••.••••...•.•••••••......•••.••••••••...•..••••......••••..
July .......•....••••••••.........•••..•••••••..•••••••.•••••••....
August .•...........••••.........•....••••.•.•....•••••••••.•••.•.
September .•......•.•••......••..••••••••••••...•.••.....••......
October .•..•..•••....•••...•.....••..••••••.•.•••••••••••••...•••
November ...•.•...•••••..........•••.••••....•••••..••..••.•.•..
December ..•...•.•••••••............••••.......•.........•..•....

35,680,023.33
35,134,259. i3
34,651, OOU7
34,278,621.12
33, 857, 6W. iS
33,448, ilS- 86
32, 890,962.03
32,131,605.96
30,755, 555.11,1
27,850,415.71
27,536,213.66
24.668,3118. 70

9, 150, 803. 68
645,763.60
483,258.26
372,380.05
421,000.47
408,872.00
5li7, 786. 83
/50, 356. 07
1, 376,050. 91
2. 905, 139. 34
314,202.05
2,867,814. 96

Total ••.•..••••••••..........•.••.•..........•....•..•...• · l===20=•=16=2=,5=1=8.=2=l=l==24=•=668=•=3118.=70
1937
January..........................................................
Febrt'P•y................ ...•.......•..••.... .....•..•••.•.••.••.
March................... . ........•••.... .••• ...•....•••••••.•.••
April..................... ..............••.•.. .......•••••••••••••
May..................... . ... . •.. . • . ..• ..•• .. . ..... .. •• ••••.. .•..
June..................... ..•..•.•....••..••.• ..•.•••••••••••••.•.
July...................... . . .. •. ••.• .••• ...••. .... •• ••.•••...••...
August................... ...•.....•..••••.••. ..•..•....•••...•..•
September............... ......••.. .•••...... ...... ..•••... ...•..
October.................. ....•... •..••• ...... ..•••.••..••......•.
November.......................................................
December................ .........••• .••. .... ....•..•.•••..•...•.
Total. •...•..•••••...........•..............•.......•......

2,030,964.39
557,934.80
7,612,066.02
158,772.62
456. 505, 77
144. 280, 47
132. 352. 83
310,062.17
113, 148. 74
158,416.19
712,874.53
713,055.00

22,6.17,434.31
22,079,499.51
14, llii, 433.19
a.308.660.87
13. 852. 155. 10
13,707,874.63
13,575,521.80
13,265,459.63
13,152,310.89
12. 993. 894.:0
12,281.020.li
11,567,965.17

13, 100, 433. 53

11,567,965.17

130,375.84
3,652, 121. 37
275, MS. 75

II, 437,589.33
7,785, l6i.116
7,509,919.21

1-------1------

1938
January.................. .. .... ..•.•.••....•. ..•...••....•...••••
February................. ..•................. ..••..••..•.....••••
March................... . . ...............•.. ..•. .• .. .. .......... ..

Total, first quarter. ...... .......... .... .. .... ...... ........
4,058,045.96
7,509,919.21
l=======t=======f====
April..................... ..•........••....... ..•.............••..
899,704.48
6,610,211. i3
Mny ••.•.••...•.•.•....•. .....•......•....... ..•.•.•••••.........
42,136.75
6, 568,0ii. !II
1 1,558,968.41
June.............................................................
5,009,109.5,
1------

Total, second quar•
ter ••.....••...•••.............•....................••..•.

• 2, 600, 809. 64

5, 009, 109. ;;

July .•.•..••..••...•.•..•..........•••••••.•...•...•••••••••••••..
August .•...••••.•.....•...........•......•......•••••••.•....•••.

18,711.34
4, 990, 398. 23

4,990,398.23

5, 009, 109. 57

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

Total, third quar•
ter ••..•.•..••••..........•••...••••....••••.••.•.....•...
Grand total. •••••••

See footnotes at end

• 399, 636, 000. 00

ot

1

387, 236, 000. 00

• 387, 236,000.00

table.

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Google

REPORT OF RECONSTRUCTION FINANCE CORPORATION

53

6.-Amount of authorizationa, disbursements, repayments and other reductions, and amount outstanding from Feb. $, 1931, to Sept. 30, 1938, inclusive, by
claasu and months '-Continued

TABLII

JO!NT-STOClt LAND BANKS

[Under sec. 6 or the Reconstruction Finance Corporation Act, as amended)

Year and month

Amount or
authorizations •

1932......................
$6,297,000.00
14, 806, 172. 68
1933. ···-········· ••••••••
1934•.•••••••••••••••••••. ·······-·---···----11l3S......................
202,400.00

Amount or dia•
bursements

Amount er repay.
ments and other
reductions

Amount out•
standing at end
of period

$62,544.32
744,537. 17
8, 365, 78.~. 56
4,397,686.08

$2, 527, 845. 62
12,420, 274. 14
711,252.53
150, 000. 00

$2, 465, 30 I. 30
14, 141,038.27
6, 486, 505. 24
2,238,819. HI

l=======l=======I====

193(1

138,787.80

Jannary ••.•.••••••••.•••. ··················-- -···················
February .• ·············- ··········-····-··-- •·······-···········
March .•••••••••••••••••• ·········- ....•••... -·····-· -····-·- ·••·
April. ••..••••••••.••••.•.....••...•.••.• _•.....•••...•. ·-· .•••..•
May ••••••••••••••••.••.. -···········-······· ······-····· .••..•..
June ••.•.•••••••••••••••. ···········-·····----··--········--·····
July......................
300,000.00
300,000.00
August ..•. ·-·········· .••.••••••.•••.••••••• ___ •.••.••.•.••. _·- ..
September.·-············ -·······. --·· -.. - -- - ·····-······-·······
October_···-·············
1,100,000.00 -··-··--·-·-··-·····
November...............
600,000.00 --················-·

JO~. 503. 12

2,100,031.36
1,991, 528. 24
1,903,427. 21
1,614,801.06
1,582, 198. 10
I, 422, 848. 56
1, 41'8, 9i0. 77
1,421,250.22
1, 391, 583. 77
1, 306, 352. 12
1,169,347. 72
1, 722, 174. 19

December................

60,000.00

588,500.00

88,101.03
m,626.15
32,602.96
159,349.54
233,877. 79
61,720.55
29,666.45
85,231.65
137,004.40
35,673.53

Total •••••••••••••••

2,060,000.00

888,500.00

1, 405, 144. 97

1, 722, 174. 19

61,508.81
25,718.33
18,085.62
35,052.33
70,779.32
145, 774. 78
73,653.93
64,486.64
111,566.29
168,196.61
166,292.54
44,800.51

1, 660, 66,5, 38
1,634,947.06
1, 959, 949. 28
2, 789, 794. 28
2, 719, OH. 96
2, 573, 240. 18
2, 499, 586. 26
2, 435, 099. 61
2, 337, 297. 23
2, 229, 100. 62
2, 062, 808. 08
2,018,007.67

985,915.71

2,018, 007. 67

1937

Jan nary•• ···············- •••••••• •••••••••••..•••••• •••••••••••••
February••••••••••••••••• ·········-···- -· -··· -················· ••
March...................
376,000.00
343,087.85

t/:~····················· ···················· .........864. 897. 33_
June ••••••••••••••••••••.•••..•••••..••..•• _.. __ ...•...•••.••••..
July•••••••••••••••••••••...•• ••••··•• •••••... -·· •••.•.•• ·•·•·•• •.
August. •.•.•••••••••••••••••••••••••• ···- ·-·· ..•••••.•••.... -·· •.
September ••.••••.•••••••.••.•••••.•. -·······
13, 763. QI

i~~:itbtii=··············- ··············-····· ..........00· 000· 00.

December................

480, ooo. oo

Total ••••••••••••••

856,000.00

1938

................... .
1, 281, 749. 09

i=======l=======l•======•I==

~11:ii;;.-:.:::::::::::::::

1, 800, 000. 00
6,IO, 000. 00
1, 225, 000. 00

60,000.00
1, 758, 993, 46
232,236.46

40,805.10
74,024.91
55,795.34

2,037,202.47
3,722,171.02
3, 898, 612. 14

Total, first quarter.

3,675,000. oo

2,051,229.92

170,625.35

3,898,612.14

April. •••••••••••••••••••. ···········-------···-·········--·=··=·=··=·I = = =61,358.23
===
79,341.53
May··················-··
575,000.00
635,000. oo
• 54,010.64
June •••••.•••••••.••..•.• ··············-·····
753,037.75

3,837,253.91
4,392,912, 38
5,091,939.49

t--------1--

Total. second quar•
ter ...............

575, ooo. oo

1,388,037. 75

• 194,710.40

July•.••••••••.••••••••••• -········· •.••...... ········-· ··-· ·-· ·--1=======1==
63. 343. 06
31,410.45
August. .•••••.•.••••••••• ··········- -········
260,000.00
September...............
210,412.09
192,569. 66
'41,405.94
Total, third quar•
ter ••••••••.••••..

210,412.09

Grand total ••••••••

28,681,984. 77

452,569.66
21,871,458. 71

5,091, 939. 49

5, 028, 596. 43
5,257, 185. 98
5, 408, 349. 70

• 136,159.45

5, 408, 349. 70

• 16, 463, 109. 01

5, 408, 349. 70

FKDERAL INTERMEDIATE CREDIT BANKS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
1933 .••• ··-····· •••••••••. ,___s_9_,2_so_,_ooo_.00_1,~-$9_,250_._ooo_.oo_,__S_9,_250_,000_._00_1· •.•••...•.•••.•••

Grand total........

9,250,000.00

9,250,000.00

9,250,000. oo -·················

See footnotes at end of table.

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54

HEPOHT OF Rl<JCONS'.rIWCTION FINANCE CORPORA'.1.'ION

6.-Amount .of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
classes and months 1-Continued

TABLE

AGRICULTURAL CREDIT CORPORATIONS

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amellded]
Amount of
authorizations •

Year and month

1932 ....••...•...........•
1933 ...•.•................
1934 ............•.........
1935 ..................... .

Amount or dis•
bursements

$3, 619, 850. 98

$3, 456, 627. 33

1, 959, 634. 31
433,894.35
26,760.67

1, 729, 01!. 24
350,401.70
26,760.67

Amount out·
standing at end
of period

Amount of repay•
ments and other
reductions

1036

tmL~:::::::::::::::::::
:::::::::::::::::::: ::::::::::::::::::::
July..................... .................... ..... . ..... . ........

$1,082, 310. 4P
2,412,027.46
1,178,419.58
130,196.58

$2,374,316. ~3
1 691,300. ii
' 863, 372. 83
759,936.92

~~'.~

701,300.02
681.300.lll
581,300 Ill
579,300.0'l
479,300.02
379,289.05
147. 789.05
147,789 Ill

100,000.00
August................... .................... ....................
2,000.00
September............... ........ .. ... .... ... . ... .. ............ ..
100,000.00
October......... . .................................... . ...........
100,010.97
November.......................................................
231,500.00
December................
50,000.00 ....................................... .
Total. ........... ..

50,000.00 ................... .

147, 789.lll

612,147.87

1937

14'i\ 761. 75
144,:!ii!.75
44, 2i2. i'!
117, 19-1.lll
12.5, 00/. 00

January.................. . .. ... .... .. .. . .. ... .. . . . . ....... .. .. ...
27. 30
February........................................................
3,500.00
March...................
30,727.28 ....................
99,989.03
April..................... .. .. ... .. ... ... .. .. .
72,921.32 ................... .
May..................... ....................
7,805.96 .....•..............
July ................................... . . ___ . .. .. .... ...... .... ..
720. 00
Angust................... .................... ....................
42.30
September.......................................................
11,606.22
October ...................................... --··-·-·-·-·-----·-14,004.70
December........................................................
1,786.19
Total. ............ .

30,727.28

80,727.28

124,21-0.00
124. :!!7. ;o
\\2,tl.11.li
1!8.6ffi78
96,810 59

-96,Sl0.59

131,675. 74

1938

January ..................................... - .... --- --- .... --- - -March ................................. -·-- .................. --- -

6 385 38
•
·
5,142.60

90,tlS.21
85,312.61

Total, first quarter ....................................... ..

11,527.98

85,312.61

May ..................... l_-_--_-_--_-_--_-_-_--_-_-·_·_--_-l_·_-_--_-_·-_-_··_-_·_--_·_--_·_--.f------32_5_.5_0_1----Sl.-98_7.ll
Total, second quar•
84,987.11
ter. .................................................... ..
325. 50

Total, third quar•
ter ... __ ............................ _............. __ ..... .
Grand total. .......

6, 120, 867. 59

5, 643, 618. 22

84,930.81
84,855.80

56.30

July.··············· .. ··-· - ·-·· -····-· ··-· -· -- - ................. ..

September ............... _.................. _ ................... .

'75. 01
I

84,855.81)

131.31

6 5, 558, 762. 42

==-~

REGIONAL AGRICULTURAL CREDIT CORPORATIONS (REDISCOUNTS)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended 1
1932 .•.... ·-·-····-·-·•··
1933 ··········•··-·-·-·-19a1. ··-· ·-··· ••. ___ .. _...

$7,285,972.50
153,386,252.64
_ _ _1_8_,1_6_8_,2_2_1._3_4_
1

Grand tot.al........

$5,372,062.60
$655.03
140,782,151.12
125,268,410.43
_ _ _1_8_,o_8_9_,4_2_1_.oo_ 1---4_1_,9_7_4_,5_7_5._26_
1

178,840, 4,52. 48

173,243,640. 72

173,243,640. 72

See footnotes at end of table.

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tl,371,407.57
29,1185, 148.26

=-=---

55

REPORT OF HI~<'O:'-,'~THl'CTIO~ Fl~A~<'E f'Oltl'OIUTI0:11.

6.-Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. i!, 19.32, to Sept. 30, 1938, inclusive, by
classes and months 1-Continu<'<i

TABLE

LIVESTOCK CRElllT C"ORPORATIOSS

[l'nder sec. 5 or th,• Reconstru!'tion Finance Corporation Art. as amen,lrd]
Amount of
authorizations

Year and month

1932...........••.........

or di~·
l>Ur:,.C'ments

A mount
1

$13, 14.\ f>02. 85

ano.

1933 ..................... .

~71.

1934 ..................... _
1935.......•....•.........

210. 55Y. JS
~~1.~fi."1.

$11, ~10. 403. IH
ti."11", :t..>H. 44

1H.1

218. H1JH. 76
2S:J,>-.1;.r,. KS

~

A mount of repay-

ment~ and other

Amount outstanding- at end

redu<:tions

o! period

$4. Of>2. 2.,8. 82
6,mn.riH.24
I, 340, ,rn1. :l7

$7, 748, 1H. 79
2. :!24, \12\J. 99
I, ~~13, 120. 38

,;02.:ms.ri8

884,677.58

11.093.00
3. 4112. 05
11, !~)ii. Of\
3, 73fi. 60
8. 424. 53
27. i'14. 12
69. 134. M
9.k.ol.34
16. 277. 20
91. 7:12. :!8
125. S92. 7f,
2lf>, 874. 94

873,584.58
870. 182. 53
858,676.47
854. 939. 87
841\,515.34
818. 791. 22
749,fifif>. 68
R05. 34
72:1,528. 14
f>31, 795. 76
50f>, 203. OJ
289,328.07

a9.\ :!49. 51

289,328.07

41. 75:!. 88
12, 4,11. 38
15,250.00
l. 771. Z{
2.4!Hll()
15,000.UO
19, :ifit'i. 47
26, 33(1. 00
12. 188. 00
82. 779. 11
60,00\l. 00

247,574.19
235. 084. 81
219. 834. 81
218. Of>3. 58
215,663.58
200, f,63. 58
181. 297. II
154,967.11
142,770.11
60,000.00

1936

January ................. _
Febmary ........ _...... .
March ................................ ..
April.. ...................................... .
May ..................... ................... .
Jone ....................................... .
July ................................ . ..... .
Auirust ........................ .. ........... ·

September ................................ ..
October_ ........................ . ........... .
Nonmh<-r ................................. ..
Decemh<-r..............
. ......... ..
Total. ....... _... .
1937

January _________________ _

rt~.%".':.-.:::::::::::::::
..............
.\pril.. ................... .

l.

May ..................................... ..
June ..................................... .
July ................................ .. .. ..
August ••••••••.•......... __

.••. •. .•...

October ................................... ..
November. _____________ . . . -- - -- - ---- -- -- December................ .. ............ .

TotaL . . . . . .. .. .. ..

n9.

--1·-------

. . .. . . .. .. .. .. .. ..
.. .. .. .. .. .. . ..
289, 328. 07
t=======t=======t====== t======
0

Grand total........

14,511,327.88

12,971,598.69

12,971,598.69

RAILROADS (INCLUDING RECEIVERS AND TRl'STEES)

[Under sec. 5 of the Reconstruction Finance Corporation Act, as arr.ended]
1932 ..................... .
1933 .••.••••••••••••••••••
1934 ..........•...•.......
1935 .•.•••••••••..•••••...

Total. ....•........

$.137, 435. 093. (I()
74. 410. 585. 00
4fi. 010. 402. 00
36. 519,648.00

I 2Y, 144. 067. 00

562. ii
570. 37
271. 32
5[,8. 81

$272,471, 708. 77
3:!i, 166,125.41
376, 893, 867. 71
396, 249, 860. 90

50,000. (I()
1, 550, O\JO. 00
--------------5, 929, (K~l. 00
3,040,748.00
94. (KlO. 00
8, 252, 6f>i. 00
150. 000. 00
800, 0(1(), 00
8, 18.1, (I()()_ 00
940,(1()0. 00
920,000. uo

2, 587, 892. 52
5,063,329. 75
959,142.31
1,000, 82f>. 28
4,180,699.09
4,689. 6U4. 97
45,843,881.03
722,288.47
1. 809. 8rn. 94
3, 656, 849. 98
9, 569, 278. 98
99,620.00

393, ill. 9fi8. 38
390,198,638.63
389. 239, 496, 32
394, IG7. 670. 04
393,027,718.95
388, 432, 053. 98
350, 840, 8.19. 95
350,268,551.48
349,258, 731. 54
353, i84, 881. 56
345, 155, 602. 58
345,975,982. 58

2Y, 909, 415. 00

80, 183, 293. 32

345,975.982. 58

$284,311.271. 48
109,782,987.01
.'3. 189,013.62
:m. 933, 552. oo

$11. 8.19,
45. 088,
J:l. 461.
20. 577,

See footnotes at end of table.

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56

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments and other reduetions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1988, inclusive,~
classes and month, 1-Continued

TABLE

RAILROADS (INCLUDING RECEIVERS AND TRUSTEES)-Continued

Year and month

Amount of
authorizations•

Amount or repay.
ments and other
reductions

Amount of disbursements

1987
$5,000,000.00 -··-·········--··--Jo.nuary __ •••• _...........
February_ ••• ___ •• _•••••• ------··----·-····-------··········-··-·
March_·-----···-········
---···--------·-··-April.. __________ ._ •• _•• __ _______ _____________ ·-··------·-----·--$5. 000, 000. 00
May-------------··______
10,000,000.00 -··-·--------------June ___ ·----------------- . ---··------------·10,000,000, 00
July ____ ---··------------ --·-·--------------- ---·-------·-------.\ugust ________ ----·-----5,000,000.00 -·--·--------------September_-·-·---------- ____________________
5,000, noo. 00
October-----·--------·---------·---·----------------------·----· November _______________ ----·--------------- -------------------December _________ ··-··-- -------------------- -··----------------·

Amount outstanding at end
of period

$478, 106. 00
126,/iOO.OO
5, 006, 000. 00
588,400.77
30,667.42
478,301.31
2,387,813.42
77,028. 73
078, 8li7. 61
352,662.63
24,944.82
5,000.00

$345, 497, 876. 58
345, 371,376.58
340, 365, 376. 58
Mt, 826, 97.5. 81
344, 796, 308. 39
354, 318, 007. M
3&1, 930,193.116
351, 8li3. 164. 93
356, 274,307.32
355, 921, 644. 69
355, 800, flW. 87
355,891,699.87

20, 000, 000. 00

20, 000, 000. 00

10, 084, 2S2. 71

355, 891,699.87

6, 000, 000. 00
2, 000, 000. 00
5, 533. 000. 00

3, 000, 000. 00
4, 000, 000. 00
6, 533, 000. 00

677,121.50
265,172.72
51,033.48

358, 214, 578. 37
361, 949, 405. 6.1
368,431,372.17

13, 533, 000. 00

13, 533, 000. 00

993,327.70

368, 431, 372.17

May ••••• ·-··----·······June.·······-·-·····-···Total, second
quarter ___ ···-··-

15, 678, 000. 00
16, 221, 500. 00
2, 472,000.00

1, 278, 000. 00
21,621,500.00
4, 622, 000. 00

331,846.75
765,814.82
1, 156, 500. 00

369,377,525.42
390, 233, 210. 60
393, 698, 710. 60

34, 371, 500. 00

27, 521, 500. 00

2,254,161.57

393, 698, 710. 60

JUlY--------··•·········-·
AU!?Ust __ -·- ··--·······--September_-·-···--··--·-

14, 600, 000. 00
11, 873, 000. 00
5, 000, 000. 00

4, 950, 000. 00
16,727.000. 00
4, 820, 000. 00

344,336.74
102,997.18
384,000.00

398, 304, 3i3. 88
414, 92S, 376.118
419, 364, 376.118

Total, third quarter

31, 473. 000. 00

26,497, 000. 00

831,333.92

419,364, 3711.118

Grand total ••••••••

722, 897, 295. 00

604. 677, 789. 11

185, 313, 362. 43

419,364,376.118

Total._·--·-------.
1938

January __ ••• _______ -- ---February_·-------------March----·--·----·-····Total, first quarter_
April._ ............... ____

S;_

PROCESSORS, OR DISTRIBUTORS SUB1ECT TO PROCESSING TAXES

[Under sec. 5 of the Reconstruction Finance Corporatlon Act, as amended)
1933•••••••••••••••• ______

$21,733.69

$7,333.69

l~t--·-----·-·----------- -----·----·4,355. ss_--·--------1,384.37_
Grand total.._.____

26,089.27

········------------~,333.611
s1~:-:g~-: __________ 1. 467.118

14,718.06

14,718.06 ----------·-····-·

STATE FUNDS CREATED FOR THE PURPOSE OF !NSURINO REPAYMENT OF DEPOSITS OF PUBLIC MONIYB

[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
$5, 887, 715. 88

1933 __ -- -- _-- ·-. _-- _-- -· __
1934 _______ • -·---- -------1935 ____________ -- ----·---

2, 500, 000. 00
2, 400, 000. 00

$5, 887, 715. 88
2, 500, 000. 00
2,376,915.30

$74,750.14
7,834,388.79
2, 1R2, 115. 78

$5. s12, 965. n

419,773.21
156,528.25
45,335.24
332,051. 79
151,040.26
59,318.34
331,653.67
131,760.63
67,539.09
1, 228, 37 5. 99

253,603.26
2,397,075.01
2, 351, 739. 77
2,019, 6.S7. 98
I, 868, 647. 72
I, 809,329.38
1, 427, 675. 71
1,295,915. OS
1, 228, 375. 99

478,576.95
673. 376. 47

1936

J,muary ··---------------2,300,000.00 --··------------ ___ _
February ________________ -·-·---------------2,300,000.00
March __ ------·-- ____________________ -·--·--- ___________________ _
April.. •• _____________________________________ -·----·----- _______ _
May____________________ --·----------------- -·--····---··------June_·------------. __________________________ ---------··-------·:July_
- ---------- - ------- - ------- ----------- ------ --·-----------_
August
_____________________________
--·- -· _______________________
September _______________ -------------------- ------·-·--··-·----October ___________ ·------ -------------------- __ ··--·--·--··----Total _______ . _____
2, 300, 000. 00
2, 300, 000. 00

2, 973, 378. 47

l======l======l = = = = = I=====
0

0

Grand total._______

~

13,087,715.88

13,064,631.18

13,064,631.18

See footnotes at end or table

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~

57

REPOR'l' OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursemrnts, repayments and other reductions, and amount outstanding from Feb. f, 19Ji!, to Sept. 30, 1938, inclusive, by
cla8ses and months L-Continucd

TABLE

BORROWERS ENOAGED IN THE F1smNG INDt:STRY

[Under sec. 5 or the Reconstruction Finance Corporation Act, as amended]
Amount or
authorizntions t

Year snd month
)01J .••••••• -····· -·---- -·

1935 .• -· •• ······---·· ·-- ·JQ36

SI 19,500. ()(I
&~9. 400. 00

Amount or dis•
burSC'ments

.~mount of repay.
meuts and ether
reductions

$2~. 000. 00
549, S69. ii

$2,500.00

January.................. .. ............. .....
5, 1r,o. 00 •••••••••••••....•.•
February................ ................ ....
18,500.00
6,833. :12
April................................................
250.00
May.....................
25,000.00
13,880. 2.1
500. 00
Jtme.....................
2,000.00 .•••••••••.........
80.00
July................................
20,000.00
761.11
AU!ffiSt............... .•.

I, 200. 00 •••••••••.•••. _

2,500.00

September..................................
l,~l.00 ................... .
November............... ....................
8,000.00
78,488.88
December................ .................... ....................
5,950.00
Total..............

578, 119. 77
f,',9, 786. 45
58\l, 536. 45.
602,916.68
602, 836. f,8
622. 075. 57
619,575.57
620, 7i5. 57
5.'iO, 286. 611
544,336. 6g

67,330.23

115,363.31

544,336.69'

55,000.00

2,000.00

13. 500. 00
3,000.00
2,000.00
I, 620. 00
6. 153. 35
2,619.99
I, 724. 99
1,351.66
5,000.00
6('().00
JO!, 840. 20
310. 00

532,836.611
529,836.611
537,711.611
566,091.611
579,938.34
577,318.35
590,593.36
589,241. 70
584. 541. 70
583,941. 70
482,101.50
481,791.50

139, 720. 19

481,791.50

670. 92
1,770.00
3,675.00

481,120.58
479,350.58
475,675.58

February ••....•....••....................... •················•··
March......................................
9,875.00
April................ .... ..•. ......... .. ....
30. 000. 00
May.........................................
20,000.00
June.....................
15,000.00 .................. ..
July..................... . ............. .. .. ••
15,000.00
Aui::-ust...................
2,300.00 .................. ..
Stptember .•.....•..•.... ....................
300. 00
October ...•...•...................................•..............
November .••....•.•..•....•....•..............................•.
December..••...••••• _ _ ...................................... .
Total..............

$25,000.00
572,369. 77

28,200.00

11137
January..................

Amount out•
standinr at end
of period

72,300.00

77,175.00

11138

January •..•...•••...•.••....•.........•.........•.•.•••...•..•..•
February ....................................................... .
March. _... .. . . . . . . . . .. . .
300. 00 ................... .
Total, first quarter.

300. 00 ....................
6, 1!5. 92
475,675.58
l=======l=======l=======I======
460.
00
475,
515. 58
300. 00.
160. 00
475, 355. 58
June ..........•.......•.. .........•..............................
40. 00
475,315.58
Total, second quar•
ter •••••••••••••••..•...••.•..........
300. 00
660. 00
475,315. 58-

tl:.';1·-·.......-.......... .................... ....... _.....

July...•••.•................... ······- ........................... .
August ......•......•••.•.....••.....•...............•..•.........
September .•••..•••.••..........•.....•.......•..................
Total, third quar•
ter •••••.•••••••••.•••.••..•.............•.............•..
Grand total ••••••••

809,700.00

719,675.00

11,720.00
17,026.41

I

t 10,030.00

463,595.58
446,569.17
436,539. lT

• 38,776.41

436,539.17

283, 135, 83

436,539. lT

TOTAL, BEC. 15c OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED
11135......................
$10,000,000.00
$10,000,000.00 ..... •·····•·•·•·•··
$10,000,000. 0011136
l=======l,=======l=======,I======
July......................
10,000,000.00
10,000,000.00 ················-···
20,000.000. 00August...................
1, 250, 000. 00 .. . . . .. . .• . .• • . .•• . . . .. .. • .. •• . . .. ......
20, 000, 000. 00

l-------·1-------·1--------1-------

Total..............
11,250.000. 00
IO, 000, 000. 00 ...•.•••............
20,000,000.00
1937
1=======1=======1==='==== 1======
March...................
5,000,000.00
5,000,000.00 ...•...........••••.
25,000,000. OO0

r-------1-------f------·I------

Total. •• • •• • •• • • •• •
5, 000, 000. 00
5, 000, 000. 00 . . . .. . . • . • • . . . . . • . • •
25, 000. 000. 00·
11138
i = = = = = = t = = = = = =0 l=======I======
February - - .• .••••.•.•...
11, 000, 000. 00
11,000, 000. 00 .••••• •••••.. ... •. . .
36, 000, 000. 00
Total, first quarter.

Grand total........

r-------1-------f------·1------

11, 000, 000. 00
11, 000, 000. 00 .•••••••..• _.. . • . . . •
36, 000, 000. 00
l======l=======l======,I=====
37, 250, 000. 00

36, 000, 000. oo

(•)

36, ooo, ooo. ro

See footnotee at end ot table.

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58

REPOR'l' Oif RECONSTRuC'l'ION FINA.:'.CE CORPORATION

6.-Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclmi,e, by
classes and months 1-Continued

TABLE

TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES UNDER SECTION 5D OF THE
RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
[Direct loans to business enterprises, including participations)

Year and month

Amount of
authorizations '

Amount or disbursements

Amount. or repay.
ments and other
reductions

Amount out•
standin~ at end
of period

$28,517,535, 00
73,034,915. 2°.!

$6, 742, 780. 11
35, 677, 235. 72

$116. 678. 79
2. 477,867. 27

$6, 62.6, IOI. 32
39, 825, 469. 77

1936
January ___ . ___ . ______ ·- ..
February ... -···-----···.
March.·-··-···-·--·-····
ApriL·--·-···---·-·--···
May···············-·-···
June ...... ·-·-···-·--····
JulY---···-···--··---·····
August._·····----·-···· ..
September_·-············
October ............. ·-- ..
November __ ·-··--····--December ____ ··-·-----·-·

4, 704, 350. 00
4, 402, 622. 20
3, 150,210.69
3, 056, 798. 1I
2, 746, 600. 00
4, 180, 382. 55
4, 536, 439. 97
5, 743, 709. 02
1, 934, 860. 42
3,321,682. 14
1,129,525.00
3, 486, 569. 23

4, 211, 959. 39
3,118,581.01
2,672,841.82
2,315,636.46
I, 464, 704. 60
2,367,413. 12
3,014,622.10
1,930,593.24
2, 159, b99. 10
4, 279, 286. 66
1,681,248.38
3,077,066. 75

403,929.48
443,162.47
n2, 955. 21
413,246. 75
850,885.02
581,149.83
584,498.25
837,442.52
613,876.16
981,627.80
1, 099, 980. 61
1,173,068.80

43, 633, 499. 68
46,~919.12
48,~805. 73
50, 111, 195.44
50, 725, 015. 02
52,511,2'78.31
54,941,402.16
56,034,552.88
57,580,275.82
60, 877. 934. 68
61, 459,:112.45
63,363, :m. !ll

Total. •.. ___ ·- .....

42,393,749.33

32, 293, 553. 53

8, 755, 822. 90

63, 363, :m. !ll

1937
January .... _... ··--···-·February .... ---·- ____ ....
March._·········-----·-·
April.. .. _.. _.·- ____ . __ ._.
May_··-----·---·------··
Jun•·-·----··-·-·--·-··-·
July·-·--·---·--··-·-·-···
August._ .. __ ... _·-- __ ··-.
September.-·----·-·--· ..
October._.·---· .... _.....
Kovember __ -··---··-·· ..
December ___ ·-·-------·-·

3, 509, 182. 94
2,061,681.21
2, 128, 978. 78
I, 414,689. 14
1, 343, 700. 00
I, 751,575.00
2, 881, 500. 00
977. 750. 00
422,500.00
690,833.32
1,574,916.66
584,599.96

1,032,814.08
1. 764, 903. 18
I, 081, 332. 00
5, 031, 263. 62
2, 469, 123. 55
1, 921, 595. 97
1, 444, 720. 37
2, 516, 504. 71
I, 120, 295. 07
1, 294, 922. 16
573,745.86
3, 014, 526. 64

I, 443,228.13
1, 151, 487. 31
I, 272, 052. 90
795,322.68
667,223.64
868,288.56
834,873.65
993,413.58
704,755.07
1, 351, 044. 23
1, 004, 569. 61
994,535.26

63, 566, :m 22
63, 375, 481. 32
67,611,422.26
69,413,322.17
70, 400, 629. lill
71,076, 47UJ
72, 599, 567. 43
73,015,107.43
72,958, 98,5.36
72, 52&, 161. 61
74,548,152.911

Total... ____ ._ .. _..

• 19,341,907.01

23,265,747.21

12, 080, 794. 62

74,548,152.99

1938
January._.-·--. __ -· __ --··
~'ebruary ··-··-··· __ --·- ..
March_--· .. __ . __ ·---·· ..

440,133.33
1, 162, 500. 00
• 2,914,374.10

365,443.16
568. 244. 11
477,114.42

I, 495, 388. 85
933,600.35
940,439.19

72, 589, 526. 2ll

1,410,801.69

3, 369, 428. 39

72, 589, 5:16. 2ll

1, 005, 845. 12
I, 421,922.63
4, 352, 104. 45

713,609.60
687,349.23
• l, 875,582.51

72, 881, 761. 81
73. 616. 335. 21
76, 092, 857. 1;

1934 ......................
1935... •··········---·-···

Total, first quarter_

I

I

• 4,517,007.43

---

62.952,;86.3.I

73,418,207. :II
73,052,851.06

April.. ..• ____ --·--- __ -···
May·-·-----···----··---Jun•--··----·---------···

5, 778, 805. 00
• 11,534,002.49
• 16, 131. 945. 00

Total, second quarter. -·--·-·--·--·-

• 33. 444, 752. 49

6, 779, 872. 20

• 3, 276, 541. 34

76, 092, 857. 15

July······--··--····-·-···
August .... ____ . _____ .-··_
September.---·----···-·.

18, 799, 480. 65
22, 613, 064. 21
14, 907, 548. 46

5, 646, 943. 65
5, 379, 916. 62
8,961,369.89

842,969.17
1,389,656.19
' l, 711. 732. 30

80, 896, 831. 63
84,887,092.06
92, 136. 729. 6,l

Total, third quarter.

56, 320, 093. 32

19, 988, 230. 16

' 3, 944, 357. 66

92,136, i2!1.6.l

Grand total. _____ ._

257, 569, 959. 80

126,158,220.62

' 34, 021. 490. 97

92, 136, i29. 6.l

See footnotes at end of table.

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HEPOHT OJ<' HE('OXSTHUCTIOX J<'IXANCI<J CORPORATION
°TABLE

59

6.-Amount of authorizations, disbursements, repayments and other reduc-

tions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by
classes and months •-Continued
LOANS TO Bl'SINKSS ENTERPRISES

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

Year and month

Amount of
authorizations

1

Amount of dis•
bursements

Amount of repayments and other
reductions

Amount outstandin~ at end
of period

$25, 4,~2. 350. 00
64,167,431. IJO

$6,315, 280. 11
32, 216, 012_ 05

$116, 678. 79
2,312, 596_ 88

$6, 1118, 601. 32
36, 102,016.49

lanuary ___ ..... -· _. -·· _..
February.·-·-· ..... -... -

.March_-··-····_ .... _.. __
ApriL_·····-·······-···.May ..•.... --···. -.. - -- ·.June.... ·--··············
July ______ ····-····-·····August___.-········· .... September_--·- ........ __
October ___ -·····- ... -... November_.-·· ....•.....
December. ___ .........••.

4, 35(), 300. 00
3,551, 129. 70
2, 332, 7 lQ_ 69
2, 448, 398. 11
2, 418, 600. 00
3,093.313. 81
3,456,479.97
5, 459, 459. 02
I, 754. 860. 42
2, 799, 182. 14
I, 049. 0-25. 00
3, 422, 569. 23

3, 988, 339. 71
2, 655, 1187. 11
2, 455, 134. 15
2, 030. 136. 46
1, :J42, 204. 60
2. 260,913. 12
2, 942, 597. 10
1,857,919.94
I, 949, 130. 67
3, 628, 32:1. 99
I, 537,288.38
2. 980,141.75

385,238, 64
392,139. 75
542,954.56
332,147.91
803,461.09
502,213.45
4R!i, 439. 50
807,870.67
527,531.17
603,877.85
966, .'i53. 85
1, 066, 263. 99

39, 705, 117. 56
41,968,964.92
43,881, 144. 51
45, 579, 133. 06
46, 117, 876. 57
47. 876,576.24
so, 330, 733. 84
51, :180, 783. II
52, 802, 382. 6 I
55, 826, 828. 75
Sil, :m7, 563. 28
58, 311, 441. 04

Total ......... _....

36, 136, 028. 09

29, 628, 116. 98

7, 418, 692. 43

58,311,441.04

2, 908. 932. 94
1,830,281.21
1, 807, 645. 45
1, 027, 789. I 4
902,800.00
I. 628, 57 5. 00
~ 707, 000. 00
826,000.00
303,500.00
690,833.32
1,359,916.66
572,099.96

986,083.31
1, 545, 280. 11
924,685.85
4, 779, 638. 62
2, 431, 944. 07
1,770,075.51
1,186,517.04
2,508,504. 71
1, 120, 295. 07
1, 245, 372. 16
563,859.33
2, 872, 669. 50

1, 394, :136. 45
1,097, 178. 48
1,054,217.21
7:18, 738. 13
548. 131. 23
!;()6, 113. 71
761,821.59
928, 5/iO. 80
6o8, 485. 05
1, 289, 818. 98
908,395.23
8f>3, 841. 61

57,903, 187. 90
58, 351, 289. 53
58, 221. 758. 17
62, 262, 658. 66
64,146,471.50
65, l 10, 433. 30
65, 535, 128. 75
67, 115,082.66
67, 5f,6, 892. 68
67, 52'2, 445. 86
67, li7, 909. 96
69, 186, 737. 85

I 6, 565, 373. 68

21. 934,925. 28

11, US9, 628. 47

69, 186,737.85

365,133.33
637,500.00
l, 615, 074. 10

351,043.16
568,244.11
445,114.42

1,360.457. 64
822,263.01
762,832. 75

68,177.323. 37
67,923,304.47
67,605, 586. 14

• 2, 617, 707. 43

1,364,401.69

2, 945, 553. 40

67, 605, 586. 14

4, 176, 180. 00

848, 062. 12
1, 355, 531. 94
3, 452, 444. 43

5U6, 119. 98
573,060.89
• 1,612,636.57

67,857,528.28
68, 639, 099. 33
70,479,807.19

193L-------·--·····----lllJ5 ________ . _____ .•. _____

I

I

lg:j6

1937

January ___ ---··-·· .. -.. - .

:tcti8'.?'.~::::::::: :: ::: :

April __ ·-·--·--·-·········
May ________ ·---·········
June------------·········
lulY----·------·-·········
August__ _______ -·· .......
September_-···-·-_ ......
October.._·-·---·········
November ___ --··--. __ .. _
December _____ ···-_._ .. __
Total.···-- __ .... _.
.

1938

-- ~?::::::::::::::::
Total, first quarter_

4

-~!:::::::::::::::::::::

• 9, 276, 610. 00
• 11, 472, 960. 00

Total, second quarter ____ ··--·-·-··-

• 24,925,750.00

5, 656, 038. 4 9

• 2, 7Rl, 817. 44

70,479,807.19

·l:~:i:::::~::::::::

14, 055, 214. 65
14, 114,531. 72
6, 669, 646. 97

4,990,012.00
4, 961, 077. 06
8, 548, 305. 17

800,910.96
1,239,384.32
' 1,517,829.01

74, 668, 908. 23
78, 390, 600. 97
85,421,077. 13

Total, third quarter __ ··----···-•--

34, 839, 393. 34

18,499,394.23

'3,558, 124. 29

85,421,077.13

Grand total_·-·-···

204, 704, 034. 44

115,614, 168. 83

• 30, 193, 091. 70

85, 421, 077. 13

See footnotes at end of table.

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60

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of atithorizatiom, disbursements, repayments and other r~~
lions, and amount outstanding from Feb. S, 19SS, to Sept. SO, 19S8, inclume, bv
classes and months L-Continued

TABLE

PURCHASES OF PARTICIPATIONS AND AGREEMENTS TO PURCHASE PAETICJPATIONS IN Lo.I.NS TO
BUSINESS ENTERPRIBES

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

1934 .•••.•.••••.•••.•.••..
1935 •••••.•••• -··········-

Amount of
authorizations I
$3. 065, 185. 00

Amount of disbursements

Amount of repayments and other
reductions

Amount outstanding at end
of period

8. 867, 483. 32

$427, 500. 00
3, 461, 223. 67

$165,270. 39

$42'1,/iOO.OO
3, 72!, 453. 2S

Iune •.•.•..•.••••••••.•..
1uly....•.•.•.•••..• · .•...
August .....••.•••.••...••
September ••.••.•••••.••.
October . ..•••.•••.•.•.•..
November ••..•.•.•••.•.•
December•..•••.•...•.•••

354,050. 00
851,492. 50
817,500. 00
608,400. 00
328, 000. 00
1,087, 068. 74
1,079,960.00
284,250. 00
180,000.00
522,500.00
80,500.00
64,000.00

223, 619.68
462,594.80
217, 7'11. 67
285, 500. 00
122,500. 00
106,500.00
72,025.00
i2, 673. 30
210,468.43
650,962.67
143,960.00
96,925.00

18,690. 84
51,022.72
230,000. 65
81,098.84
47,423.93
78,936. 38
96,058.75
29,571. 85
86,344.99
377,749.95
133,426. 76
106,804.81

3,928,3S2.12
.,3.19,951.Zl
4, 3Z1, 66l.22
4,.132, 001 38
4.607,138.tl
4,634, 702.0i
4, 610, 668.32
4, 653, 769. 7i
4, rn,893.21
5,051,105.113
5,061,6.19.11
5,051,759.38

Total. •••••••••.•••

6,257,721.24

2, 665, 436. 55

1,337, 130. 47

5,051,759.36

600,200.00
231,400. 00
321,333. 33
386,900. 00
440,900.00
123,000.00
174, 500. Oil
151,750. 00
119,000. 00

46,730.77
219, 623. '11
156,646.15
251,625. 00
37, 179.48
151,520. 46
258,l!O<I. 33
8,000.00

48,891.68

5,049,598.45
5,214, 91169
5, 1.13, 723.1!
5,3~,76.1.IIO
5,266,850.67
5,356,196.211
5,541,347.55

1936

1anuary. •.•.•.•.•.•.•.•••
February .•...... .........
March ••. . •.•. . ...•...•..

tr:t::::::::::::::::::::

1937
1anuary..................

February .•.•••.•.•••.•••

March .. . ................

tr:;!.::::::::::::::::::::

1une •• .•..•.•.•...•.•••..
1uly •.••.••...•. •..•.••.•
August .••••••.•.•.•••.•••
September ••.•••. •••••••.
October .•.••••••.••••.••.
November .••••.•.•••••••
December •••••••••.••.•..
Total.. •••••.••.••••

54,308. 83

12,500.00

49,550.00
9,886.53
141,857.14

217,835.69
56,584. 55
119,092.41
62, 17{. 85
73,052.06
64,862. 78
36,270. 02
61,225.25
96, 17{. 38
130, 6113. 65

5, «s, 214. 75
5,436,539.50
5, 350, 251. 55
6,361,m.14

2, 776, 533. 33

1, 330, s21. ga

1,021, 166. 16

5,361,415.14

14,400.00

134,931.21
111,337.34
177,606.44

6, 240, 883. !13

-------------------215,000. 00

5,~ .mr,

1938

1anuary.•..•..•••••••.••.
February •.•••.••••••••..
March .••••••••••.•••••••

75,000.00
625,000.00
1,299,300. 00

--------------------32,000.00

6, 12\l,M6.59
4,983.~15

Total, first quarter.

1,899,300. Oil

46,400.00

423,874. 99

4,983,940.15

1une ..••• •••••• ••.•••. •..

~~1._._._._::::::::::::::::

1, 602,625. 00
' 2, 257, 392. 49
• 4, 658, 985. 00

157,783. Oil
66,390.69
899,660.02

117,489. 62
114,288.34

• 262, 945. 94

5, 024. 233.53
4, 976,335.88
5, 613, 0!9. 96

Total, second
quarter ..••••..••.

• 8,519, 002. 49

1,123,833. 71

• 494, 723. 90

6,613,049.1111

1uly . . .•.•.••••.•.•.•.••.
August ..•...••••.••.•.•..
September ••..•.•••...•.•

4, 744, 266. 00
8, 498, 532. 49
8, 237, 901. 49

656,931.65
418,839.56
413, 06{. 72

I

42,058. 21
150,271.87
193, 903. 29

Total, third quarter

21, 480, 699. 98

1, 488, 835. 93

I

386, 233. 37

6, 715, 652. 52

3, 828, 399. 27

6, 715,652.52

Grand total. •••••••

62, 865, 925. 36

10,544,061.79

I

See footnotes at end of table.

Digitized by

Goog Ie

.

6, 227, 923. IO
6,496,491. ll'I
6,715,652.52

REPORT 01<' HEco:--;sTm·cTIO~ FI~A:--;cE COHPORATION

61

6.-Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. e, 1932, to Sept. SO, 1938, inclusive, by
classes and months 1-Continucd

°TABLE

TOTAL, LOANS TO PllllLIC BODIES TO .-\Ill 1:-S F!~A~rI'sO PROJF.CTS AUTHORIZED
tiND~:H ~'EDEIUL, STATE, OH MU'.\ICIPAL LAW

(Under see. 6d or the Reconstruction Finance Corporation Act, as amended]
Amount or

Year and month

authorizations'

Amount or repay•

Amount or rlis•
burSt'ments

Amount out•

standing at end

men ts and other

reductions

or period

1938
~pr!L •.•••••..•.••..•.•••.....................•...•••.•.....•..•......•.•.•..•..•.••....•.•.•......••••
$.137, 000. 00 ..•..•.•.•.•••.•.•......••.•.•.•.••••••.....•......••.•.••
• 6,990,491.81 .•......•............•.•...•••..•.••••....••.•.•.•••...•••

May.....................
June.....................
Total, second quar•

• 6,327,491.81

ter •••••••••..••..

I, 03.\ 000. 00
7. 395,500.00
26, 3h3, :,00. 00

July....•••••........••...
August ....••..........•..
September •••............ ,_

$2,426,991.81 .•.•...•••..••••••..

____ _

Total, third quar·
ter. ···•·······•··
Grand total........

34,814,000.00

2, 161, 00). 00

(1)

$2,426,991.81
2,426,991.81
4,587,901.81

4,587,991.81

(1)

4,587,991.81

l=======l=======l======•I======
41, HI, 491. 81
4,587,991.81
(I)
4,587,991.81

TOTAL, SECTION 5e OF THE RECON11'1S,CJJgN FINANCE CORPORATION ACT, AS

(Loans on the assets or closed banks and trust companies]
1934 .•••.•.••••••••••••..•

I

1935••••••••••••••••••••••

$29,347, 591. 53
12,100,576.57

I

$24, 238, 974. 66
11,774,404.48

I
I

$4, 406, 048. 09
29,429, 123. 47

$19, 832, 926. 67
2,178,207.58

1=======1=======1====== 1======
0

1936

January..................
• 817,792.59
28,380.11
February .••.....................................................
March...................
26,298.85
15,484. 77
ApriL...................
23,750.00
40, 2>!3. 54
May.....................
4,426.14
265,670.17
June.....................
27,578.98
62. 7:Jo. 24
July ..•.•.•........•...•.. ····················
9,730.19
August.......................................
19,843.01
September...............
13,173.07
October..................
151,696.98
24,287.80
November...............
71,251.47
December................
131,500.43
10,493.74
Total..............

4

I, 267,558.51

476,903.57

• 973,815.47
• 33,649.83
27, O'J6. 63
23, 550. 36
30,561.69
40,041. 16
41,535.47
62,260. 33
16, 064. 49
31,750.86
23, 882. 00
34,604. 18

I, 232,772.22
I, 199,122.39
I, 187, 570. 53
I, 204, 303. 71
I, 439,412.19
I, 462, 101. 27
I, 430,205.99
1,387,878.67
I, 371, 814. 18
I, 364,351.12
I, 340, 469. 12
I, 316,358.68

• I, 338,752.47

1,316,358.68

1 = = = = = = 1 = = = = = = 1 ° = = = = =1 = = = = =
0

1937

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

74,758.67
43,568.68
62,737.09
I, 204, 000. 00
154,800.00
359,447.82
54,000.00
I, 457,186.64
• 21,349,383.17
167,300.00
64,200.00
110,600.00

April.....................

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

1-------1

Total..............
1938

i:i~:~:::::::::::::::
Total, first quar•
ter ..••••.........

33, 065. 45
40, 188. 41
27,578.62
21,406. 77
56,438.20
28, 526. 48
23, 145. 92
71,414. 15
27,455.05
27,439.53
41,589. 77
255,892. 79

40,573.66
23,084.65
30,596.44
75, 160. 55
8,000.00
7,059.47
29,940.00
101,384.31
2,429,015. 79

1, 283, 293. 23
l, 283, 678. 48
I, 256,099.86
I, 257, 777. 74
I, 231,935.98
I, 203, 409. 50
1,255,433.13
1,192,018.98
1,171,623.40
1,174,123.87
1,233,918.41
3,407,041.41

-1-------11------

• 25,091,982.07
2, 744,823.87
654, 141. 14
3,407,041.41
!=======l=======l======•I======
• 19, 868, 888. 12
163,750.00
251,600.00

159,292.62
59,415.61
123, Ill. 84

1

341,820.07

20, 284, 238. 12

j.;.■ ~

267,676. 73
89,326.32
43, 3i4. 46

3, 298, 657. 30
3, 268, 746. 59
3, 348, 483. 97

400,377. 51

3, 348, 483. 97

s~ footnotes at end or fable.,

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Google

62

HEPOHT OF HECO.KSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments and other reductions, and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, inclusive, by·
classes and months 1-Continued

TABLE

TOTAL, SECTION 5e OF THE RECONSTRUCTION FINANCE CORPORATION ACT, A~
AMENDED-Continued

Year and month

Amount of
authorizatio ns '

Amount of repayments and other
reductions

Amount. or disbursements

Amount outstanding at end
of period

1938-Continued
- - _.. -- __
. . ._____
.. ----.
ApriL
___--___
_______
May
June ___________ __ _____ __ _

$212, 239.00
402, 500. 00
51. 252. 18

• $4, 322, fii8. 48
• 287,318. 95
84. 848. 07

• $ill(), 470. 91
• 334,551.60
4 771. 743. 07

$6. 880,591.54

quarsecond
Total,
_________
ter ______
July ____________ __ ______ __
August_ ________ ______ . ___
September _____ __________

665,991.18
2s, no. oo
24,318.00
87. 500. 00

. • 4,694, 745. 50
121,387.87
92,399.16
120,581.83

' I. 896. 765. 58

6, 146. 463. ~9
5, 499, 960. 95
4,614, l!.'3.
4. 284. 5;.1. 59

138. 568. 00
88, 986, 505. 98

334. 368. 86
44, 606. 04 I. 01

• 2, 1911. 177. 16
• 40,321,385.42

third quarTotal,
ter _______________
Grand total. ___ ____

767,890.81
077, 506. 37
' 450, 779. 98

6. 833. 358. 89
6. 146, 463. M9

,4

------4. 284. 655. .\9
4, 284. 655. 59

LOANS ON SELF-LIQUIDATING PROJECTS
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended)
' 1932 ____________________ __

1933 __________ ___________ _

1934 ____________ ____ ____ __
1935 __________________ -- --

$15,737,000.00
$145. 775,534.24
45, 105, 105. 70
74,538, 207. 26
62, 252. 336. 99
25, 33-1, 313. 36
59. 723. 252 14
36. 060. ooo. oo I=========

--------------- ---$60,500.00

$15,737.000. 00
flO, 71l1, 605 70
114, 45!. 740. 56
13~. -1·:4. 35Y. 7J

8, 582, 202. 13
3.~. 7so. 032. 97

1936
49,896. 03
145,837.518. 65
7, 463. 054. 95
January ______ _____ _______ ----- --- - - - - - - - - - -5,432.50
February_. __________ ____
1,371,661.02
147,495.338. 14
3, 02\l, 480. 51
573,443. 76
151. 851,520.41
4, 929, 626. 03
March _________________ __ --------- - ----- - - - - 131,731.91
155. 804. 788. 50
4. 085, 000. 00
ApriL _______ ____-------- - ----------- --- - -- - 57. 500,001. 00
May __________ ____ ____ _ .
n;, ooo. oo
lf.-1 . 767, 36~ ~4
9,027, [,74. 84
5, 536. 361. 24
June _________ ___________ _ ------ - --- - ------ - -1,479. UOO. 00
Ill<!. 7 10. GO~ JO
138, 262.06
166. 513, 7&I 48
5, 942, 044. 44
1uly ________ __ _____ _______ ---- -- - - - --- - - - ----·
August ___ _____ _____ ______ . ---- -. __ _____ ____ ..
28,000.00
5, 862, 402. 84
172, 348, 187. 32
41,331.65
00
000.
428,
4,
176, 734. 85.\. 67
..
--------....
___________
September
October ____________ ______ ---- __ ____ _________ _
33,147.64
4, 710, 882. 89
181,412,590.92
NoYemher. ____________________ ________ . - - - - so. 352. 36
184. 932. 238. 56
3, 600. 000. 00
_- ' - - ooo._or,_ _ _ _2,215,470.51
__
186. 316. 768. OS
Deoemher __ _____ __ ______ _ ----- --- - --- -- ------ _ _ _3,_600,
1
1
10, 264. 658. IP
186. 3 lfi. 768. 05
5~. 157, 066. 50
7.=5=00=·=4=32=.=·'0=1,=======l======== I=======
TotaL - - . .. - - . - . -- · 1==="=
1937
5,000.00
January ________ __ . •. _....
21,049.56
191,479. 718. 49
5, 184, 000. 00
13,000. 00
197. 992. 615.41
6, 525. 896. 92
February. __ . ____ . __ ____ _ ..... -- -- - - ----- - --.
March ______ _______ ____ _. __ .. ___ ____ __ ____ __ _
57,500. 00
1, 837, 000. 00
191>. 772.115. 41
60,000,000.00
At•riL ____ _______ ____... _
87,066.35
6, 572, 704. 08
206. 257. 753. 14
2()jl_ 792,951.03
64. 802. II
3, 600, 000. 00
May ____________ __ _______ --------- --- --- --- - Jt1ne ____________ ___ ______ -------------- _____ _
41. 662. 61
3, 3~4. 000. 00
213. 13a. 2!18. 42
July ______________________ --------- --- - -- -- - -105,398.37
3, 600, 000. 00
216. fi29. 890. OS
00
000.
58,800.00
800.
I,
218,371.090. 05
_.
-.
--.
-.
August_ _____ ---- - _- .. - . - __ -September _______________ -------- -- __------ __
31,100.00
134. 20
4,082, 144. 15
222,422,
October _____________________________ ________ _
3, 600, 000., 00
92. 500. 00
225, 929. f\34. 20
41,911.62
I, 800, 000. 00
2ZT, 687,722. 58
Nov~mber _______ _. -- - --- --------- - .. - - -- ---54. 578.02
3, 600. 000. 00
231, Zl3, 144. 56
December ___ __ _____------ ------ -- -- --- . ------ - c - c c - - l - - - - - - - - l - - - ' - - _ ; __ _
60. 005. 000. 00 , - - - :
Total.._ . __ . . __._..
661>. 3118. fi4
585. 745. 15
45.
231. 23-1. IH. .';6

- -- ----

1938
January_____ ____ ______ ___
February ______ __ . _. ___ ..
March ___________________
Total, first quarter.
ApriJ.. _______________ . __ .
May _____________________
June .. -------- -- ---------

585,000.00
4. 107,005. 79
228, 926, 138. 77
I, 800,000.00
165,000.00
a, 2m, M4. 03
I, 800, 000. 00
227, fi09 ..\84. 74
--------------- ---- 230, 992, 384. 74
117, 200.00
3, 600, 000. 00
-'-- -992.
- -82l - - -230.
-- 759.
-l---00
-750. 000. 00 - - ~
74
384.
000.
7. 440.
7, :?IJO.
---- ____ . ___.. __ ___ .
234,434.412. 91
489,971.83
3, 932, 000. 00
------------------ - 84. 010. 23
3, 548, 882. 98
237. 899, 285. 66
1.uo: 000. 00
• 6, 065. 926. 83
233. 309. 35S. 83
--------------------

Total1 second quar- , - - - - - - -., - - - - - - -

ter. ______________ ---- ------- -- - - ----8, 956. 882. 98
July __________________ ____ -------- ----· ------5,860, 125. 91
I, 476, 000. 00
August. _____________ __ _-- ---------- -- -------_
_00
__
.o_o_ _ _ _1,_476.
__
12_5_,000
September ___________________
000.
1
1
Total, third quar125.000.00
ter__ _____ _____ ___
8. 812. 125. 91
400.092.487.36
311,529, 515. 37
Grand totaJ._______

• 6. 639. 908. 89
54, 089, 207. 42
I, 500. 00
'91,900.00

233. 309, 35!1. 83
185, 080, 277. 32
186. 554. n1. 32
187, 938,877.32

' 54, 182. 607. 42
• 123, 590. 638. 05

1s1. 938. sn. 32
187, 938. 877. 32

See footnotes at end of table.

o·igitized by

Google

HEl'OHT OF HEf'O'.'i:--Tl:l"f"l'IO'.'i FI'.'i.\'.'if'E <'Ultl'OIL\TIO'.'i

63

6.-Amormt of a11thorizati011.q, di.qb11ruments, repayments and other red11ctions, and amount 011tslrrndi"g from F,·b. 2, J.'1.-U, to Sept. 30, 19J8, inclusive, by
classes and months 1--( '011tir111l'd

TABLE

LO.~XS FOR Fl:-SAXC!X<l HF.PAIH OF ll.\\!AliF. IIY ~'..\HTIIQI.AKF., FIHF., TOH:--.-\DO,
OH t'Y\'I.O'.\E I'.\ 1~:,1
[Fnder sec. 201 (a) (6), tille II, ol the F.mer~en,·y H,•liel anti <'onstnu·lion .-\<"I ol rn:12, as amended]

Year an<l month

1933 ...•.•.....•.. •- .... .
1934 ..................... .
1935 .............. , ..•

1936
January .............. .
Fe'hruary ............ .

A mrnrn, of
authiiri1.ati1.u~

.-\J!lltlJnf O[ rPfl:1\'·

.\ mount of dis-

nwri ts and ot ll{;r
reductions

l1t1I~'ment:.:

J

$10, 4.',0, IMXI. 00

I

$2, jf)(I, ~.!oiA. SR
5,fi!IS, t>llfi. :M

$!)]. fii.'l.

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

51.

!J(Ml.00

(iH)_

;,g

4, :mt.t,o
fl, -ti--:t :.?!i
2,;, .1\m. o~
21, t,Ifi. t11)

March ........... . ...... .
April.. .................. .
\lay .................... .
June ................... .

of pPriod

oo I

2,1. S:l!I. 44
27:t OH\}. fjj

lt.'-1. IX:-Lf~

Amount outI standingat t'11d

4. Ofi';" :l,1

$2. l;ll9. 3 IO. 88
S. OS2, 977. 7S

i. 878, Ofil. 7!1

7,827, :151. 20
7, 82:l, !JKfi. 70
7, Kif>. rm. 45
7, 7!JO. (XJ4. :!i
7, ifiS, 4Si. R7
7, 7ft4, 420. 62

f>fi, fi'.l:i. 11
Jul)' ................ . ... ..
7, fl!)7, 727. 51
S, :..;O:!. 21
7, f,88, !)2,\. 30
August .................. .
September _____________ _
\), Oli"<. 2,)
7. H7!,J, 857. 05
34, S7i' ..15
Octoher ................ .
7. fi-H. 1179. r,o
\1-1, !0~_ (H)
7, :it)(J, Sil. 50
Kovember ............. ..
fi21. JOi'. 9a
Deeember .................. .
6, ino. ori3_ 57
-------Total..............
I, 200. 00
Z2 l===r,=·y=:lQ=.o=r,=,:1=.•=>7
- - - - - - - - - - 1 0 = = = = = = = < - -9-l!J.
- -I-!lH.
--

19:li
January .....
Fehruary ______________ _
March ................. .
April.. ................. .
\!ay ................... .
232. 20
lune ..................... .
July ................................ ..

74, 9.12. 8H

6, 8,\;,, 110. 68

1:J. OJ.\. 00

6, ~-I:!, O\J5. fi8
6. 8:15, o:m. 96

i. 0t1.). i2

40, 2,H. 8.\
I.5. 2\ifi. Ii
111. 1:vi. fii'
62. 20.,. 82

ZJ2. 20

.,u~ust ......................... .. ..... ..

12• .ii'!. 00
2, 300, !"i!l'L 00

September _________________ .. ___ .. _.
___ _
October __________ . ___________ .. __ ...... __ . __ _
~oYember ______________________ .
December ............................. .
-------- ------Total. . . .. .. . .. . ...
Z.12. 20
2.12. 20

35. tii'fi. 72
5. 72H. 20
8. o:n. 2.1
2, ,>!!2. 2Kl. ~I

1938

6. iY4, i~.1. I I
-rn~. 94

6, ii'H.

fi, jfi:!, ;)94. 47

6. iOI. 3,,5_ r,,,
6. r.sH. 814. r.s
4, 3AA, 2.\ I. r,5
4. 352. 674. g;J
4, 34fi. 945. 73
4. 338. 012. 48
4. :n,. 012. 48

========~

January ................................................ ..

i4. f,31. 48
4, 2f>3. 381. 00
3fi. J.'8, 01
February .............................. ..
4, 2'2i, 222. 9IJ
58, O>,O, Ii
March ......................... ..
4. W9, 142. 82
----·----1--------1----c----- - - - -----Total, first quarter. =
..=-=·=·=·==-====,i,c·~==·=
..=·=·=·=--=·=· l===~!Rcc:\8=.Rcc:r.:;c,!l=.~r,r,:;c,,i===4=.=16~!=l.=14=2=·=82

April_____________________________

=

__ ____________________

\lay..................... .................
lune..................... .. .. .. .. . . .. . ..
Total, second quar•
ter ............... = = = = = = =
luly...................... ............... ... ..
August................... .... . .. .. .. . . . . .. . ..

72,0if.i.fi2

4.09i.Ofiri.30

14r,_ 131. 75
• 181, :l9fi. r,o

3. 9,\(). ~34. 55
3, i69. ,\Ji. 95

.:..:.::.== ___,_399. 604. 87

~ 9 . 537. 95

....................
.. . .... ... .. ... .. . ..

....................
... .......... ........
September............... . . . . . . .. . . .. . . . . .. .. . • . .. .. • .. .. .. .. .. ..
Total, third quarter _.._._.__. ____._-_._
. .. .. .. .. .. .
Grand total.. ...... - - - 1 - 0 . - 4 ~
8, 5~. 108. 10

I

2, 95i, 199. 40
2. OOfi. 30
• 734. 18
• 2. 959. 939. 88
7,719,510.03

•

812. 3:J8. R
810,332.25
809, ,\98. 07

809. 598 07
809,598.07

LOANS FOR FINANCING OF EXPORTS OF AGRICULTURAL SURPLUSES

[Under sec. 201 (c), title II, ol the Emergency Relief and Construction Act ol 1932, as amended]
11133... ____________ ,......
f52, 880. 542. 80
1934......................
400,412.42
11135........................ ..
I======
1936

$i, 142,728.38
13,056.514. :;9
2.',. 3n, ~9

t~t·.:::: .. •• .................................................. .
Total..............

August .... ~~~-..........

.. ................ .

30. 000, 000. 00

$24i, .\.14. 3i
4, i75, 909. Ii
I. I i4. 182. 28

$6, 895, 194, Ot

442, 67i. 06

13, 584, 283. 78
46,89!i.W
46,895, 99

13. 537. 387. 79
1:i. \l&J, f)r,4_ 8.1

10,000,000.00 ...... ..............

15, li5. i99. 43
14. OW. !ll'O. 84

10,046,895.99

Total, third quarter. ===30cc:=c.l"lOO"',=OOO=_=(l()c,=l'===l=O=.O(;-,X=l=OO(=l.=OO=i=====(~'l====l=====l0,=,~04=6=,
.
=89=5=.=!19
Grand total........
83; :ii0, 955. 22
30,224,586.66
• 20,177,600. 6i
10,046,895. W

See footnotes at end of table,

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64

REPOHT OF RECONS'.rRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments and otlzer reduttions, and amount outstandfog from Feb. 2, 1932, to Sept. 30, 1938, inclmioe, by
classes and months 1-Continued

TABLE

LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
[Under sec. 201 (d), title IJ, or the Emergency Relier and Construction Act of 1932]
Amount or
authorizations •

Year and month

1932 .•••.•••...•••.. ·•·•··
1933 ...•.•...•..... ··•·••·
1934 ..•........•...•.•....
1935•••......•..•• ·•·•••··

Amount or dis•
bursements

$54, 775, 920. 67
379, 792, 902. 87
427,416,153.08
262, 025, 182. 40

1936
January..................
100,000.00
February................
500,000.00
March...... ..•••••••...
80,652.05
April.....................
903, 568. 08
May ....................................... ..
June.....................
8,637,112.42
July.....................
151, 130,762.23
August..................
225, 000. 00
September...............
22b, 000. 00
October..................
10,085,000.00
November...............
60,000.00
December ................................... .
Total ••••••••••••••

171,947,084. 78

1937
January.................
400,000.00
February ................................... .
March ..................................... ..
April.. ..................................... ..
May ...................................... ..
June............. ......
2,133,696.50
July.....................
85,000,000. {)(l
August...................
150,030,000. oo
September...............
175,ooo.no
October..................
3,600,000. ('0
November...............
4,564,000.01,
December................
76,350,000.00

Total ...•....•.•.••
1938
January .... .-............
February······----·--···
Marcb.·-····--·-··-·---·
Total, first quarter.

Amount or repay.
ments and other
reductions

Amount outstanding at end
of period

$1,439,974.00
70, 102, 936. 30
227,743,991.03
272, 891, 481. 84

$115,456. 95
3, 250, 860. 13
2M, 238,171.57
34, 713, 672. 89

37,682,mn
2i5, 800,221. i2

$1. 321,517.11

30,037, 386. llP
801,892.37
1,399,719.53
I, 090, 400. 15
2,419,016. 11
12, 340, 950. 47
1,438,117.27
1,026,524, 18
2, 938, 098. 92
2,140,081.66
530,725. 71
4b0, 764. 46

7911, 208. 65
527,453.05
1, 129,047.08
6, 150,145.02
123,387,327.37
28, 167, 969. 23
71, 426, 840. 04
383,670.21
172,275.91
105,840.03
48,049.95
82,805.12

305, 101, 400.1!
305, 375,&19. 18
305,646,51193
300, .186, 767.11!
179,618,455.80
163,801,43i.OI
93,812,714.77
94, 45.1,568.21
97, 221,391.2,I
99, 255, 632 88
99, i38, 3()8. 61
100, 106, 26:. ii

56,613,677.81

232,367,631.66

36,392,836.28
347,294.71
339,207.37
101,861.21
47,487.95
Ill, 886. 85
I 5, 01>8, 741. 40
764, 440. 97
1, 950, 027. 16
7,244,727.11
21, 3fl8, 612. 24
31,992,822.24

336, 124. 69
12,487,970.63
43,337,]99.98
24,120,654.49
6,271,308.88
2, 134,888.86
1, 779, 578. 94
59, 836, 376. 02
576, 206. 07
450,439.45
236, 836. 28
204,168.10

136,162, 979.M
124,02231\'l.61
81,024,311.113
57,005,517. ;5
50,781,696.82
48, 7&l, 694.Sl

115, 719,945.48

151, 771,752.39

64, 054,461.11!

li8, li6, 593.31

62, 03i, 857. 27
2, 965, 922. 22
4, 33g, 743. 30
11. 134,030 !lli
32, 265, 11(16, 92

64,054,461.11!

--·l--------l-----

322, 252, 696. 50

l=======l=======l=======I=====
700,000.00
12,154,237.77
9,710,000.00

17,458,85Rl9
8,717,614.42
8,931,420.07

370,748.14
908,943.23
1,948,779.47

22,564,237. 77

35, 107, sg2. 68

3,228,470.84

--1--------1

81,142,571.11
88.951,242.30
95,933,88290
95,933.882. 90

l=======l=======l=======l=====
I, 137,526.66
101, 488, I9S. 77
JO, 766. 75

Apr!L •• ·--··--········-50,000,000.00
7,391,948.38
May··-·--···-·---··--·-· -····-·· •• -----·-·-·
209,606.38
June.··---······--···---· ···--··---··-·----·· ·······--·-· ·--· -·-Tot a 1, second
quarter ••••• ·-·-·

102,188, 31}1, 72
009. 715. 3:1
898,1148.58

50,000,000.00
7,601,554.76
102,636,489.08
898,94858
l======l======l,=====I====

July.··-···-·-····-······ ·-··---·-·---·---·-· -··------· ......... .
A u~usL·---·-·· ••••• ····- .. ____ ••..... --•-· -· . _-· .••. _. _........ .
September ••••.••••• _. ·- --··---··-··----···· -·--·---··--··----·-

959. 66
950. 00
1,177.01

897, 9!8. 92
Sl!i. oos. 92
895,861.91

786,325,592.08

895,861.91

I

-------- -------- ------------3,086.67
895,1161.91
I

Total, third quarter.--·---·--·--··----·· ··-·-------··----·-Grand total........
See footnotes

7 I, 690, 774. 178. 07

7

787,221,453. gg

I 7

at end of table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

65

6.-Amount of authorizationa, disbursements, repayments and other reductions, and amount outstanding from Feb. t, 1932, to Sept. 30, 1938, inclusive, by
classes and months '-Continued

TABLE

AMOUNTS MADE AVAILABLE i'OR RELIEF AND WORK RELIEF
[Under sec. 1, title I, or the Emergency Reller and Construction Act or 1932, as amended)

Year and month

Amount or

A mount or repay.
ml'nts and other

Amount or dis•
liursemeul-8

authorizu.t ions •

reductions

1932......................
$112. 402. 873. 22
$70,967,042.00
1933......................
lbi, /,(Ji, 1:16. io
2:IO, Uli, U56. Ul
1934 .••••••••••••••••••••••••••••• •••••••••• •..•••••••••••••••••••
1935 ..•...•.•....•••••..•. ···•·····•···· ······ ...... ··············

$970, r~5. ()I)
1,241, :l24. 00
1, 146, U42, (XI

Amount out•
standing at end
of period
$79,967,042.00
2!/Y, 014, 914. 00
2!17, 773,500.00
296, 626, 648. 00

= = = = = = 1=======1°======
0

1936

January ....••.•.•••.•.•••.•.•...••..•.....•.........•.....•.•.•.•

742. 00
4J5. 00
189, (1()(). 00
21), (1()().00
2,760.00
190,500.00

November •••...•••.•.....................•....••............•...
December ••.....•.•.•••.......•......••...•....••............•...

2J6, (1()(). 00
102,000.00
74,000.00

296, 625, 006. 00
2116, 625,471.00
296,436,471.00
296,416,471.00
296,413,711.00
296, 22~. 21 I. 00
295,991,711.00
295, 758,711.00
295, 656, 71 I. 00
295,582,711.00

Total .............. ....................................... .

I, 013, 937. 00

295, 582, 7 I 1. 00

December •...•..•••.••••............... •·· • .. ···· ·· · ···· ·•· ·· ··· ·

228,500.00
6, 126, 000. 00
6,146,070. 00
2,000.00
176, OOJ. 00
4,000.00
374.30
74,000, 00

295,354,211.00
289, 228, 211. 00
283,082,141.00
283, 080, 141. 00
282,904,141.00
282, 900, 141. 00
282, 899, 766. 70
282, 825, 766. 70

Total .............. .................... ····················

12,756,944. 30

282, 825, 766, 70

February.-·-·-·--· .•.•••.•••.•••••.•.•••.•...••..•.•.•.•.•.•••..
March •••.....•••.•••.•••...•••.•.....•.•.......•...•.•.....•....
'lay ....•.•.•••.•••••.•.. ·•·············•···· ................... .

June .•..•.•••.••••••••....•.•.•••••.....•.....•.•.•...•••...•....
,ugust ....••••••••••.••.•..•.....•....•.•..... •···· · • ······· · ·· ··
September•••.•....••.•...•.....................•...•.•..........
October. ..•.•..•..•.••................•.•.........•.........•....

2"21:1, 500. 00

1937
. January.•.•.•••.•••.•••••.•••••.•.. • •.•.. ·•·· · •····· · ···· ·• ······
\larch ......••••.................................................
May
June .....••••••.•••..•......••..•....•..........•.•.•...•.•.....•
____________________________________________________________ _

September .•....••.........•.............•....... · •·· · · · ·· · ·•· · ··
October ...••...••.........••.....••............ •· ·· · · · · ·· ·· ···•· ·
November _______________ . ------------------- ---------- ---- ---- --

1938
March................... .................... ....................

Total, first quarter.........................................
Grand total ••.••...

'282,825,766.70
1

282,825, 766. 70

l=======l=======I======
1 200, 984, 999. 00
200, 984, 999. 00
300, 000, 000. 00

TOTAL, ACT APPROVED MAR. 9, 1933, AS AMENDED

. !Loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, of banks and
trust companies]

$496, 556, 000. 00
656, 910, 02,5. 00
82,211,264.00

$264,346,216.67
673, 657, 834. 23
102, 969, 288. 33

$145,975.00
73,873,817.30
69,937,714.94

$264, 200, 241. 67
863, 984, 258. 60
897,015,831.99

~1~:r:~:::::::::::::::::

661,250.00
1,055,000.00
1, 682, 500. 00
85,000.00
2,367, 500. 00
932,450.00
25. 000. 00
10,000. 00
56,000.00
60,000.00
42:i, 000. 00
1, 130, 000. 00

12, 748,114.00
1, 179, 200. 00
1,867,400.00
7,109,000.00
5f,0, 000. 00
1, 578. 950. 00
502,600.00
3, 025, 000. 00
2, 032, 500. 00
1, 010, 000. 00
7,5. 000. 00
606,000.00

5, 078, 905. 'l:l
18, 228, 664. 57
12, 176, 087. 42
7,400,914.95
5, 406, 4 72. 58
53, 782, 230. 01
99, 460. 633. 87
19, 126,510. 19
• 5, 832, 909. 81
9, 095, 765. 91
7,347,541.90
32, 648, 306. 11

904, 685, 040, 72
887, 635, 576, 15
877, 326, 888. 73
877, 034, 973. 78
872, 188, 501. 20
819,985,220.26
721,027, 186. 39
704, 92,5, 676. 20
701, 125,266.39
693, 039, 500. 48
685, 766, 9.58, 58
653, 724, 652. 47

Total ••••..••.•••..

8, 789, 700. 00

32, 293, 764. 00

• 275, 584, 943. 52

653, 724, 652. 47

1933 •••••••••••••••••••••.

1934 ••••••••••• ·-·········
1135 .•••••••••••••••••••••
1936

r----- August.. ..............•..

i•ptember ••......•......

See footnotes at end of table.

117703...~-,111191---oG

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66

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLE

6.-Amount of authorizations, disbursements, repayment, and otl~r reduc--

tiona, and amount outstanding from Feb. S, 199S, to Sept. 90, 1998, inclusive,

1111'

classes and months I-Continued

TOTAL, AOT APPROVED MAR. II, 1933, AB AMENDED-Continued
Year and month
1937
January __________________
February. _______________
March ___________________

April ____________________

May--------------------June
_____________________
July. ____________________ .
AU!!USt __________________ September _______________
October__________________
November _______________
December ________________
Tota.I ______________
1938
January __________________
February ________________
March ___________________

Total, ffrst quarter_
ApriJ.. ___________________
May _____________________
June _________ ----------- -

Amount or
authorizations •

Amount of dis·
bursements

Amount or repayments and other
reductions

Amount outstanding at end
or period

3i3, 750.00
358,600.00
1, 398, 100. 00
69,000.00
6, 712, 233. 33

• $15,044,297. 74
• 11, 010, 972. 94
9,411,671.25
• 2, 440, 865. 59
1, 8f,O, 474. 90
13,089,134.22
• 6, 627, 386. 18
• 6, 2&,, 701. 23
3, 443, 921. 06
• 4, 602, 219. 18
• 1,540,641.33
• 13, 469, 4C7. 43

$639, 040, 354. 73
628, 669, 381. 79
620, 292,810. 54
617, 971, 9«. 95
616. 204,470.05
609, 335. 335. 83
602, 707, 949. 65
596, 797, 998. 42
593,712,677.36
590, 508, 558. 18
589, 036, 910. 85
582, ~79. 742. 75

17, 200, 450. 00

17,379.683. 33

• 88, 824, 593. 05

582, 279, 742. 75

109,750.00
1, 064. 000. 00
3, 635, uoo. 00

503,500.00
130,000.00
449,750. W

• 5, 133, 946. 57

• H, 102, 337. 37
• 2, 162, 574. 34

577. 649. 296. 18
563, 676,958.81
561. 964, 134. 47

1, 083, 2.'iO. 00

• 21. 398, 858. 28

561,964,134.47
565, 655, 627. 43.
564, 305. 246. 61
561, 256, 663. 44

$190, 000. 00
870,000.00
37,500.00
343,000.00
6, 370, 000. 00
5, 996, RGO. 00
I, 038, 850. 00
206,800.00
624,000.00
408,500.00
380,COO.CO
735,000.00

4, 809,

aso. no

$360, 000. 00
640,000.00
1, 035, 000. 00
120,000.00
93,000.00
ti, 220, 000. 00

26, 027, 500. 00
2, fi04, 900. 00
1,219,500.00

4, 789, 000. 00
95,000.00
870,900.00

• 1,097,501.04
• 1, 445, 380. 82
• 3, 919, 483. 17

29,851,900.00

5, 754, 900. 00

• 6, 462, 371. 03

561, 256, 663. 44

July_
- ------------------August
___________________
September _______________

300,000.00
894,625.00
480, 7CO. 00

967,100.00
1,575,625.00
1, 115, 000. 00

7, 299, 007. 28
2, 997, 043. 48
1, 311, 542. 62

5!>4, 924, 156. 16
553, 503, 331. 68
653, 306. 795. 06

Total, third quarter
Grand total.. ______

1, 735, 325. 00

3, 657, 725. 00

1, 298, 064, 914. 00

1, 101, 142, 661. 56

Total,
second quarter _______________

I

I

• 11,607,593.38

553, 306. 795. 06

547, 835, 866. 60

653, 306, 7g5_ 06

LoANS ON PREHRRED STOCJ[ 01' BANJ[S AND TRUST COKPANIBS

[Under the act approved Mar. II, 1933, as amended]
1933 ___ --- --------------- _
1934 ____ ----- _-----------1935_ --------- -----------1936

co

$10, 589, 500.
ll, 524, 855. 00
975,400.00

$7, 748, 100. 00
7, 823. 525. 00
2, 277, 9G5. 00

January__________________ ____________________
40,000.00
February________________ ____________________
6,200.00
March.__________________
85,000.00
75,
000. 00_
A priL __________________________________________________________
May _____________________ -------------------55,000.00

i~r;---------------------------------------- __________ ooo. oo
August __________________________________________________________ _
24,

September ___________________________________ -------------------October _________________________________ •---- ___________________ _
Novem her ______________________________________________________ _
December_______________________________________________________ _
Total. ____________ _

85,000.00

199,200.00

1937
January _________________________________________________________
_

r;::~BrY------------·--- _________

100,

ooo. oo____________________ _

A pr!I_____ ______ ______ ___ _ _____ _______ ____ ___ _ ___________________ _

May ____________________________________________________________ _
June ____________________________________________________________ _
August __________________________________________________________
July--------------------- ---- ---------------- ------ -------- .-----_
~ft~'i::.1rber - -------------- -------------------- _________ 100,000. oo _
November _______ · ______________________________________________ _
December_______________________________________________________ _

TotaJ _____________ _

100,000.00

100,000.00

~.675.00

1, 478, 513. 37
1, 713, 568. 44

ll2, 473. 20
332, 696. 54

H, 034. 436. 63
H, 598, 7i3. 19

14, 526, 299. 99-

128,408.70
243,694.95
32,272.58
105,520.94
56,909.28
218,798.94
83,838.15
112, 8t5. 71
37,000.78
74,025.98

H, 198. 803. ◄S
H, 145, 394. 75
13. 901, 699. ro
13. 924, 427. 22
13, 842, 900. 28
13, 785, 997. 00
13,567,196.06
13, 483, 359. 91
13, 370. 544. 20
13, 332, li43. 42
13,258, 617.4(

1, 539, 3.15. 75

13,258,617.44

393,972.11
308,193.92
76, 194.18
212,887.65
126, liflS. 38
126,929.22
328,.618. 58
359, 87~. 36
859,060.30
248,284.81
105,244.08
Ill, 163. 72

12, 556, (51. 41
12, 480, 257. 23
12, 267, 369. 58
12, 140. 801. 20
12. 013, 871. 98
11, 685. 253. 40
11, 325, 378. 04
11.006.317.74
10,818,032 93
10,712,788.85
10, 621, 625. 13

2, 736, 992. 31

10, «121, 625. 13

See footnotes af end of table.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

67

T ABLJII 6.-Amount of aul11oriiali01111, diaburaement,, repayment• and other reduotums, GM amount outatanding from Feb. B, 198i, to Sept. SO, 1938, incluaive, b11
cla1J11e11 and month, L-Coutinucd
Lo.UC■ Olf

Year and month

PasrsaasD STOCII: or BANll:S AND Tll:UST CoKPANISS

Amount of
authoriiations I

Amount of repay•
men ts and other
reductions

Amount of dlsbursemenl.9

1V38

Amount out•
standing at end
of period

1anuary·--···········-··· .................... ················-···
February __ •••••••••••••• ······-············· ..••••••••••••••••••
March .. ·-··············· ....................................... .

$140,478.41
123,981.49
62,840.00

Total, lint quarter ... .............. .... ...... . ............ .

317,300.86

10. 304, 324. 27

74,914. R6
17, 856.23
• 126. 178. 36

10, 229. 409. 41
10. 211. 553. 18
10. 085, 374. 82

• 218, 949. 45

10. 085, 374. 82

24,725.89
207, fiW. 22
I 51,287.54

10, 060, 648. 93
9, 8,\3, 049. 71
9. 801. 762. 17

:Fa~-:::::::::::::::::::: :::::: ::: ::::: :::::: :::: :: :: :::::::: :: ::
June_·---·············· .. ······ ·············· ···················.
Total, second quar•
ter ...•.•.•••...•. ........................................

1uly. _---···············- .................... ··············--··-·

August ......................................................... .
September ...................................................... .
Total, third quar•
------ter ... ................................................... .
$23, 274, 755. 00

Grand total ... ·-···
SUBSCRIPTIONS

$18, 148, 730. 00

11

$10,481, 146. 72
10. 3~7. 165. 23
10, 304, 324. 27

-------1-I 283,612.65

u. 801, 762. 17

• 8, 346, 967. 83

9,801, 762. 17

roa PasnRRED STOCK or BJ.NU J,ND TRUST COMPANIES

[Under the act approved Mar. 9, 1933, as amended)
$262. 1181, 400. 00
450. 862, 170. 00
68, 578, 86~. 00

$140,453, !llfl. 67
457, 477,509. 23

M, 838, 883. 33

$87,300.00
7,030,342.60
30,362,827.60

$140,366,616.87
600, 813,783.40
646,289.839. 23

!506, 260. 00
1, 025, ouo. 00
1, 590, 000. 00
85,000. 00
2, 300, 000. 00
g17, 460. 00

50,000.00
25.000.00
425,000.00
1, 400, 000. 00

12,668,114.00
1, 020, 000. UO
1, 732, 400. 00
7,1 05,000.00
455, 000. 00
1,499,950.00
472,600.00
3, 025, 000. 00
2, 000, 000. 00
1, 000, 000. 00
75,000.00
550,000.00

3,026, 337. 60
13,039,981. 76
11,519,965.00
. 5,216,470. 00
3, 452, 200. 00
48, 972, 210. 00
70,977,400.00
16,805,286. 25
• 4, 129, 396. 66
6, 373, 896. 18
5, 62S, 376. 25
22, 767,776.51

655,931,615. 73
643, 911, f,33. 98
634, I 24, 008. 98
636. 0 l 2, 508. 98
633,015, 39S. 98
585. 543, 138. 98
515, 038,338.98
60 I, 258, 052. 73
499, 128,656.07
494, 754,759.89
489,201.383. M
466, 983, 607. 13

8, 433, 700. 00

31 ,603,064.00

• 210, 900, 296. 10

466, 983, 607. 13

325,000, 00
640, 000.00
1,035, 000.00
80,000. 00
93.000. 00
6, 205, 000. 00

1, 296, 000. 00
40,000.00
6, 674, 233. 33

• 10, 576, 436. 76
• 8, 685, 003. 90
4,883, ROIi. 07
• 1,175,330.97
1,106,017. 78
3. 990, 805. 00
6, 432, 782. 60
• 4, 176, 705. 57
1,771,393. 5fl
3,262,059.37
746,847.60
4,766,311.33

456, 732,170.37

May·--·····--·········· ·
June ••••••••••••••• ••••..
July ......................
August ....... ......... ...
September ..••••••••••••.
October .•.•••••••••••••••
November ...............
December•••••• --·······.

170,000.00
770,000. 00
37,500.00
343, 000.00
6, 370, 000. 00
6,775,000.00
750,000.00
156,000.00
530.000. 00
3811, 500. 00
380,000.00
730,000.00

448,687, 166. 47
444, 838, 31\0. 40
443,743, 029. '3
442,730,011. 65
444. 944, 206. 65
439,511,424.05
435, 534, 718. 48
433, 763, 324. 92
431,797,265.55
431,090,417.95
'32, 998, 339. 115

Total .•• -······-···

16, 400, 000. 00

16. 588, 233. 33

• 60,573,500.51

432, 998, 339. 95

109,760. 00
1, 050, 000. 00
3,625,600.00

498. 500.00
130,000. 00
449,760.00

• 3,675,411.57
• 13,302, 745 79
472,442. 60

429, 821, 428. 38
4 M, 648, 682. 59
416, 625, 990. 09

1933. -· ---···· ····-·······

11134. ____ •••••••••••••••••
1936------··············· lv:le
1anuary_........•.•...••.

February ••••••••••••••••
March __ ••• •••••••••••••.
ApriL---········· •••••••.

May.----············-· ..

June·---·············-···
July .. ---··········-······
August·-·············-·-·
September.··········-···
October. ········· ·-···-··
November .. ········-····
December..... - ....•.....
Total ....... -··-···

---··-···--------·-·
10,000.00

1937

January•••••• --·······--February•••••••••••••••••
March ...................
April----·----··-··-····

200,000.00

1938

January•.• - ••••••••••••• •
Februarf.----·· •••.•••.•
March •• ····-·········· .•
Total, lint quarter_

4, 785, 350. 00

1, 078. 2.'iO. 00

• 17,450,599.86

416, 625, 990. 09

~!.::::::::::::::::::::

4, 725, 000. 00

June.--·-· ...............

26,477,500. 00
1,075, 000.00
9119,500. 00

95, 000. 00
300,000.00

• 564,475.00
I 008, 780. 00
• 1,922,685. 00

420. 786, 515. 09
419,972,735. 09
418,350,050.09

Total, second quarter ........... ....

:t7, 552, 000. 00

6, 120, 000. 00

• 3,395,0(Q.OO

418, 350,

Bee footnotes at en4 of tabl&.

Digitized by

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oeo. 011

68

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayment& and otMT redueticns and amount outstanding from Feb. 2, 1932, to Sept. 30, 1938, incluaitle, by
classes and months I-Continued

TAhLE

---

Amount of
authorizations

Year and month

1938-Contlnued
July .•••.•••••••••.•.•.•.•
August ...•••••.•••..••.•.
September •..•••••••..•.•

1

$360,000- 00
819,000.00
480, 700 00

Amount of disbursements

Amount of repay.
ments and other
reductions

$740, 600. 00

$5, 323, 759. 00
2,125,215, 68
' 220, 623. 92

-- -- -------------- 1, 115, 000. 00

Amount outstanding at end
of period

$U3, 766,891.09
- 411,641,675.41
412, 536, 051. 411

Total, third quar•
ter _•.•.••.•••.•..

1, 659, 700 00

1, 855, 600. 00

• 7,669,598.60

412,536,051.411

Grand total_ .••••..

841, 253, 184. 00

740,015, 456. 56

• 327,479,405.07

412, 536, 051. 49

PURCHASES

or

CAPITAL NOTES OR DEBENTURES OF BANKS AND TRUST COHPANIES

[Under the act approved Mar. 9, 1933, as amended]
1933.•••.•••••.•.•••.•.•••
1934••••.•••.•.......•••••
1935..•..••.••••••.•.••••.

$222, 985, 100. 00
194,523,900.00
12,657, 000. 00

$116, 144, 200. 00
208, 356, 800. 00
14, 852, 500. 00

$116,144,200.00
259. 136,038.57

236,127,219.57

1=======1"'======1,=======I======

1936
January..................
55,000.00
February.................
30,000.00
March...................
7,500.00
April. ...•.•••.••..•.••••. ··········-·····-·-·

¥n~L:::::::::::::::::::

40,000.00
154,000.00
60,000.00
4,000.00

~i: ~::

fl:~: 88

271,000.00

491,500.00

July......................
25,000.00
30,000.00
August_ ..•.••.• ••••·•·• •.••..•. ·- ..•• -· ...•...•...•.•• ·- .......•.
September...............
· 6,000. 00
32, 500. 00
October..................
35, 000. 00
10, 000. 00
November .••••.•.•••.•.•...•..•.•......•.•...•.•..••.•.•.•....•.
December................
30, 000. 00
56, 000. 00
Total•••.•.•.•••.••.

$65, 364, 961. 43
37,861,319.00
1,940,094.57
4, 855, 986. 28
527,713.72
1, 940, 750. 00
1, 922, 000. 00
4, 704, 500. 00
28, 426, 324. 59
2, 102, 425. 00
1, 619, 675. 00
3, 609, 054. 02
1, 681, 264. 87
9, 806, 503. 62

234,227,125.00
229, 525, 138. 72
229,057,425.00
227, 120,675.00
225, 248, 675. 00
220,599,175.00
192,202,850.41
190, 100,425.41
188, 513,250.41
184,914,196.39
183, 232, 931. 52
173, 482, 427. 00

63, 136, 291. 67

173, 482,. '21, 00

1=======1"'======1=====

1937
.
20,000. 00
36,000. 00
February ••••••••••••••••.••••••••••••••••••..•••••••••••••••••••
March •••••••••••••••••...•••••••••••••••••••.•••.•••••.•••••••••
tfa1····················· ••••••.•••.••••••••• ··········40,000.00

January..................

4, 073, 888. 87
2, 017, 775. 12
4, 451, 571. 00
1,052,646.97
627,888.74
8, 971, 400. 00
• 865,985.00
• 1, 747, 120. 30
1, 313, 467. 20
• 1,091, 875. 00
• 688, 549,65
• 8, 611, 932. 38

169, WI, 5311. 03
167,425,763.91
162, 974, 192. 91
161, 961, 645. M
161, 333, 6S7. 20
152, m, 257. 20
151,511, 272. 20
149, 937, 901. !IO
148, 883, 034. 70
147, 8!13, 259. 70
147,233,710.05
138, 659, 777. rt

691,450. 00

• 35, 514, 100. 23

138, 659, 777. rt

6,000.00

• 1, 318, 056. 59
• 675, 610. 09
• 1, 637, 290. 88

137, 3411, 721 O!
136, 671, 110. 99
135, 033, 820. 11

5, 000. 00

f

3, 630, 957. 56

135, 033, 820. 11

June.....................
221, 800. 00
15,000. 00
July.....................
288,850.00 ••••••·•••••••·•••••
August...................
ro, 800. oo
173, 750. oo
September...............
94,000.00
258,600.00
October..................
20, 000. 00
102, 100. 00
November............... • • •• • • • • •• • • • • . • . • . •
29, 000. 00
December................
5, 000. 00
38, 000. 00
Total..............

700,450.00

1938

.January.................. ................... .
February................

14,000.00
10, 000. 00

March...................
Total, first
quarter...........

tr.::-:::::::::::::::::::

24, 000. 00

l=======l=======l=======I

~une....... ••••••••••••..

d~:
~: ~
220, 000. 00

64, ooo. oo
670, 900. oo

• 458, 117. 18
• 518, 744. 59
• 1, 870, 619. 81

2, 299, 900. 00

634, 900. 00

• 2, 84 7, 481. 58

132, 821, 238. 53

1, 950, 522. 39
664,228.58
1 1,039, 631. 16

131, 097, 21~ 14
132, 008, 612. 511
130, 968, 98140

1

130, 968, 981 tD

134, 639, 702. 113
134, 120, 958. 34
132,821,238. 5.1

Total, second

quarter...........

.July...................... . ... .. . . . . . .. . . . . . . .
August...................
75,625. oo

226, 500. 00
1,575,625.00
.8eptember•••••••.•..••.•.•••••••••••.•••••••.•.•••••...•.•.•.•.•
Total, third
quarter...........

75,625. oo

1,802,125. oo

3, 654, 382. 13

l=======l=======ll=======l=====
1 212, 009, 493. 60
433, 536, 975. 00
Grand total ••••••••
342, 978, 475. 00
130, 968, 118140

Bee footnotl!l!I

at end

of table.

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Google

REPORT 01<' RECOXSTRl'CTIOX Fl::\'AXCE CORPORATION

69

6.-Amount of authorizationa, disbursement,, repayment, and other reduotions, and amount outstanding from Feb. t, 1932, to Sept. SO, 1938, inclusive, by
cla&sea and months L-Continued

TABLm

TOTAL, SEC. 6, TITLE I, OF THE AGRICULTURAL ADJUSTMENT ACT OF 1933, AS,
AMENDED
[To Secretary or Agriculture to acquire cotton)

Year and month

Amount or
authorizations•
000. 00
20, 000, 000. 00

$3, 300, 000. 00

23, 500, 000. 00

3, 300, 000. 00

$3, 500,

lll33. ___ -------· ____ ·- ••••
193{ __________ ···-· •••••••

Grand total. ______ _

Amount or disbursements

Amount or repayments and other
reductions

Amount out•
standing at end
or period

$3, 300, 000. 00
3,300,000.00 ·----···--·······-

TOTAL, SEC. 36, TITLE II, OF THE EMF.RGF'.\"C'Y FARM MORTGAGE ACT OF 1933, AS
AMENDED
[Drainage, levee, irrigation, and simil•r districts, etc,)
$7,039, 114. 08
51,053,036.88
32, 113,357.80

$2,413,955.10
9, 884, 268. 86
37, 805, 506. 85

$44. 09
78,803.49

$2,413,955.10
12, 298, 179. 87
60, 024, 883. 23

January_ ••••••••••••••••.
February.--·············
March .••••••••••••••.••.
April. .• _•.•••.•••••••••.•
May_····--··········-···
June_--··-······-········
July _____ .··········-----August. ____ •. ···········September.···-···---··-October_--··--·-----· ____
November_·-··--········
December.·--···········-

515,425. 31
3, 523, 488. 29
3, 929, 171. 60
4,876, 675. 70
288,363.40
4, 325, 2S6 70
1,902, 132. 43
3,453,440. 18
I. 222, 004. 54
'414,06fi.32
1, 7(12, 746. 00
806,603.24

1, 787, 345. 64
73,345.48
1, 588, 205. f,4
1,320,012. 21
531. 045. 06
904,430, 38
4, 032, 732. 09
001, 607. 28
837,089. 72
902,784.62
538,028.02
I, 346,261.49

27,049.98
6,000.00
20,500.00
27, 1Jh6. 25
20,517.00
17,001.59
42,444.09
43,994.17
38,417.28
27,226.09
74,641.19
167,832.00

61, 785, 178. 89
51, 852, 524. 37
53, 420, 230. 01
64,712.255. g7
55, 222, 784. 03
56,110,212.82
60, 100, 500. 82
60, 958, 113. 93
61, 756,786.37
62, 632, 344. 90
63,095, 731. 73
64,284, 161. 22

Total.-··-·--·--··-

• 26, 960. 303. 71

14,762,887.63

603,609.64

64,284, 161. 22

885,807.12
1,397,031.81

6-~. 163, 599. 40
66, S31, 596. 16
67, 706,318.57
70,824,747.92
71,237,748.22
72, 396, 686. 22
74,589, 758. 56
76, 033, 679. 34
77, 170, 672. 86
77,152,564.49
77, 176,010. 30
77, 425, 663. 98

1933_ --- -----·-··· --·· ·-··
1934_ •••••••••••••••••••••
1935._ •••••• -··-······ ••• _

I
I

1936

1937

January_···--······--···February._.---·-·······March_·-···-······---·-April. •• _••.•••••••• ___ -- May ____ •• ·········-----1une---·-·-····-··----···
July_ ••.••••••••••••..•••
August._··········----···
September.·······-··---October .•••••••••••••••••
November······-········
December •••.•••••.••• - __

• 597,722.39
1, 676. 249. 50
• J,411,310.64
• 4. 264, 508. 71
• 300,231.03
• I, 824,980.54
• I, 567,380.68
• 216,043.15
• 398, 004. 82
361,143.98
• 1, 199,578.45
1, 294, 402. 49

3, 249, 522. 39
577,838.36
1,263.661. 45
2, 276. 729. 80
470,325.43
2, 334, 770. 15
102, 746. 17
57,600.62
422,578.65

6,368.94
29,035.06
73,886.68
131,093.04
164,838.06
104,723.45
83,657.46
26,404.65
197,776.64
120,854.53
34,164.81
172,924.87

Total. •••••••••••• _

• 15, 111, 646. 28

14. 287,220.96

1, 146, 718. 19

77,425,663.98

&!:i~Y············-···

190,099.95
2, 100, 697. 43
366,167.86

434,194.07
170,815.17
61,167.66

181,234. 70
101,831.65
301,944. 79

77,678,623.36
77,747,606.97
77,606,829.84

Total, first quarter_

2, 656, 965. 24

666,176.00

585,011.04

77, 506, 829. 84

~! ::::::::::::::::::::

547,618.76
1, 775, 116. 73
1,026,007.60

1,335,819.68
337,464.92
448,786.34

117,017.62
86,230.08
'24,618.90

78, 725, 631. 90
78,976,866. 74
79, 401, 034. 18

Total, second quart&---···-·······-

3, 349, 642. 98

2, 122, 070. 94

• 227, 866. 60

79, 40 I, 034. 18

~~ber _····-···--·-··

271,204.21
1,260,251.41
889,145.49

219,771.84
52,526.14
302,641.65

109,322.64
187,951.96
177,999.19

79, 511, 483. 38
79,376,057.56
79, 600, 700. 02

I, 248,609.10

Total,third quarter-

2, 420, 601. 11

574,939.63

Grand totaJ.. __ ·-··

140, 704. 668. 08

82,517,026.86

1 375,

=

273. 79

79, 600, 700. O'l

I 2, 916, 326, 84

79, 600, 700. 02

See footnotes at end of table.

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Google

70

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorization,, disburaemmts, repayments 11nd otlaer r,dw,.
tion,, and amount outstanding from Feb. S, 19SS, to Sept. 80, 1988, inclumie, by
claBBeB and months '--Continued

TABLE

TOTAL, ACT APPROVED lUNE 10, 1933, AS AMENDED

Amount of
authorizations 1

Year and month

11133.•••••••••••••••••••••
1934 .•••••••••••••••••••••
1935••••••••••••••••••••••

$4,375,000.00
25, 850, 000. 00
150, 000. 00

Amount of disbursements

Amount of repay•

ments and other
reductions

$4,375,000. 00
25, 850. 000. 00
150,000.00

$92,000.00
100,000.00

Amount out•
standing at end
of period
$4, 375, 000. 00
30, 133, 000. 00
30, 183, 000. 00

I======l=======l=======I=======

1936

J anuar:,...••••••••••••••• ..•••••••••••••••••• ..••••••••••••••••••

100, 500. 00

May.............................................................
1,827.86
June..................... ..••••••••••••••••.• ..••.•••••••••••••••
66. 95
July..................... .••••••....•.... .... ..••.•••....••..••..
125,000.00
August...................
4,000, 000. 00
4,000, 000. 00 •••••••••.••••.•••..
Octoher ...•.•••.••••••••. ..••..••...••••••.•. .••••••..••..•••••••
350,000.00
November............... ..•.....••••.•..•... ...••.•.•.••..•...•.
320. 55
December................ ........••........•. . .•.•.....•.........
4,000,672.14
Total. ••....•.•••..

4, 000, 000. 00

4, 000, 000. 00

30, 082, 500. 00
30,080,672. 14
30, ()il(), 615. 19
29,955,615.19
33,955,615. 19
33,605, 6IS. 19
33, 605, 294. 64
29, 604, 622. 50

4, 578, 377. 50

29, 604, 622. 50

January .........•.•••.••.......•.•...•.•...•..••••..•..••..•.••.•
March .•.••.•..•••••.••.....••••••.•.•••••.....•.•.••.•••••.••••.
Mey ..•••.•......••••.•.....•..•.....•.........•..•••...•.••.•.•.
June .............•.•..••.......•.....•....••. _.........•...•••••.
July ...••.....••.•..•.•........•.•...••••.•....•...••..•...•••••.
Au~ust ..•........••.•.•.....•..•.•.••...•......•.........••••.•..
Octoher .......•..•..•..•.......•..•..•..............•..•...••.•..
December..•.••••.•••••...........•..•...................•.•.•...

1, 235, 000. 00
14,250.00
330,941.95
61,886.73
126,243.05
30,000.00
13,580.26
25. 025. 26

28, 355, 372. 50
28, 024, 430. 515
27, 962. 543. 82
27, 836. 300. 71
27, 806. 3CO. 71
27, 792. 720. 51
27, 767,695. 26

Total ••••••••••••••.••••••••••••••••••• -···················

1,838, 927. 25

27, 767, 695. 26

20,000.00
407,305.19
27,176.57

27,747,695.25
27, 340, 390. OS
27, 313, 213. 49

Total, first quarter ........................................ .

454,481.76

27, 313, 213. 49

June ......•••...••.•••.•...••.......•..................•.•.•.•...

'13,421.94

27,299, 7111.615

'13,421.94

27, 299. 7111. 515

7, 075, 208. ~

27,299, 7111. 615

1937

28, 369, 622. 50

1938

January ...•.•.•.••.••.••...•...•.....••.•.••. • .••.•••.•••.••.•.•.
February •.....•..••••..•.....••••....••.••.•. _..•...•....•••••...
March .•....•••...••••••..............•...... -..•..........•.....

Total, second
quarter .•••••••..........................................
Grand total. •..•••.

34, 375, 000. 00

34,375, 000. 00

1

LOANS ON PBErEBRED STOCK or !NSURANCZ COKPANIJ:8

[Under the act approved June 10, 1933, as amended]
1033 .•••...•• ······-·-····
19'!4..•• ·- ·-·- •• ·- ••• ·-.•.
1935•.•.•••. ··-·--·-······

$4, 375, 000. 00
25, 750, 000. 00
150,000.00

1936

January.-............... .•.••..•.••••..•..•.
May..................... ...•...••..•......•.
June..................... ...••.•..•••..•...•.
July ......•••......••••....••.•.•.............
August...................
4,000,000.00
October.................. .•..•.•..•.••.•.•.•.
November............... .•..•••.••••.••...•.
December................ ....................
Total •••.••.•••••..

•• 000, 000. 00

$4, 375, 000. 00
25, 750. 000. 00
I ,50, 000. 00

...••...•••.•.•••••.
........•.•...•.....
......•.•••..••••...
···········-·-······

$92,000.00
100,000.00

t4, 375, 000. 00
30, 033. 000 00
30, 083, 000. 00

4,000,000.00 •••••••••....••••••.
360,000.00
320. 55
4,000,672. 14

29,982.500. 00
29. 980, 672. 14
29. 980. 615.19
29. 855. 615. 19
33, 855, 6 I5. 19
33. 505,615.19
33, 505. 294. 64
29, 504, 622. 50

4, 000, 000. 00

29. 504, 622. 50

100,500.00
1,827.86
66. 95

125,000.00

.•.•••.......•..•.•.
..•.•.•...•.•.••....
........•...........

4, 678, 377. llO

1037

January.•.•••..••.•••..•..••.•.•...•.•••.•••..••.••..•••.•••.••••
Msrch ••.••..••••...•....•.•••.••.......•..•...•••.•.•••.•.•••.•.
Mey ..•.••...•...•••...•...•.•.....••.....•....•.••.•••••..•.••..
June •..•••••..•.••..••••..••...•.•...••.. •··· ·· •······· · ·· ·•·••••
July_ .•••.•••••.••.•••.•...••••...•.•.•.•••....••.••.•.•.•••.•.•.
August ...••.•••.••••••.....•••.•.•.••.••••.•..••••••.•.•.•.•••••.
October..•.•••••••••••.•...••.•••••••.•..•••..••••••••••.•••.••••
December.••••••••••••••...••.••.•••...••......•.....•.•...•..••.

1, 236, 000. 00
14,250.00
330,941.95
61,886.73
126,243.05
30,000.00
13,680.26

215,025.26

27, 692. 720. 51
27,667, 695. 25

Total ••••••••••••••.••••••••••••••••••• · •••••· ••••••••••••·

1,836,927.211

27,667,695. 25

See footnotes at end of table.

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28, 269. 1122. 50

28. 255, 3;2. 50
27, 924, 430. 55

27, 862. M3. 82
27, 736. 300. 77
27, 706. 300. 77

REPORT OF RECONSTRUCTION FINANCE CORPORATION

71

6.-Amount of authorizations, disbursements, repayment, and other reductions, ·and amount outstanding from Feb. I, 193!!, to Sept. SO, 1938, -inclusive, bu
claaaea and montha L-Continued

'TABLE

LoAIIII OK Pll&rJIIIBllD STOCK

Year and moatb

Amount or
authoriutiom

1

or

INSIJIIANCll COKPANBS-Contlnued

Amount or dis•
bursemeuta

Amount ol repay•
meats and other
reductions

11138
January..... ••.•••••••• . .••••••••••••••••...•••••••.•••••••••••
February •••....•.•••••......•.••.•..••.......................•..
March ••••••••••••••••••.....••••.•.•••.•.•....•••...••...•.••••.

Amount out•
stanrlin~ at end
or period

$20,000.00
407, 30,1. 19
27,176.57

$27,647, ~95. 25
27, 240, 390. 0G
27,213,213.411

Total, llr&t quarter. . . _................. . _...• _............ .

454,481. 76

27,213,213.411

June ••••••••••••••••••••...•••••.•..•.....•.....•.........•.•....

• 13,421.94

27, 199,791.55

13,421.94

27, 199,791.55

7,075,208.45

27, 199,791.55

Total, !!eCODd quar•
ter . •....................................................
Grand total. •••••••

34. 27 Ii, 000. 00

34,275,000.00

SUBSCRIPTION JOB PBUEBBED STOCK

or

I

AN INSURANCE COMPANY

(Under the act approved June 10, 1933, as amended)
1934.•••••••••••••••••••••

·Grand total. •••••..••••••
TOTAL, ACT APPROVED APR. 13, 1934, AS AMENDED

'[Loans to finance tbe repair or damage by earthquake, flood, or other catastrophe In 1933, 1934, 1936
and 1936]
$2, 150, 000. 00
150.000 00

$lll0, 430. 00
1, IOI, 285. 00

$12,365.00

$Hl0, 430. 00
1, 249, 350. 00

60,000.00

October..................
November...............
December................

780, 6R7. 75
1,213, 4.19. 00
195, ms. oo
117,505.00
62, 34/i. 00
46. 575. 00
98, n,o. 00
80, 750. 00

19,150.00
6. 500.00
12,425.00
17,690.00
355, 24/i. 00
172,261.23
234,325.42
259,627.93
126,131.00
100,102.88
176,250.00
143,851.92

5,848.25
327.93
1,971.23
7,3-14.14
34,307.46
5,347.19
4,882. 72
973. 124. 98
10,054.56
11,215.95
9,901.09
18,860.56

1, 2~2. 65 I. 75
1, 268, 823. 82
1,279,277.59
1,289,613.45
I, 610,550.99
I, 777,465.03
2, 006, 907. 73
], 293,410.68
1,409,487.12
1,498,374.06
1, 664, 722. Ile
1, 789, 714. 32

Total .•.•••••••••••

3, 274, 763. 75

1, 623, 560. 38

1, 083, 196. 06

I, 789,714.32

~nahurrc~h'ir;;::::::::::::::::

lt ~: gg

65,738.25
6->, 708. 59
24,625.00
102,800.00
57,600.00
38,000.00
49,900.00
38,300.00
42,700.00
30,130.00
28,510.00
36,560.00

15,081.27
16, 5~7. 33
17. 036. 22
18,032.55
29,319.28
3,5, 849. 53
22,683.88
32,367.01
39,203. 77
28,856.47
20,984.28
28,856.50

1, 840, 371. 30
1, 879, 482. 56
1,887,071.34
1, 971, 838. 711
2,000, 119. fil
2, 002. 269. ll8
2,029,486. 10
2, 035, 419. 09
2,038,915.32
2, 040, 188. 85
2,047,714.57
2, 055, 418. 07

Total ............. .

145,525.00

570,571.84

304,868.09

2,055,418.07

1938
~nn~ry. ..•••••.••• ••••••

14, 000. 00

2, 600. 00

25,912.46
17,540.39
20,276.69

2,032, 105. 61
2,014,565.22
1, 994, 288. 53

Total, first quarter.

H, 000. 00

2, 600. 00

63,729.54

1, 994, 288. 53

12,634. 76
18,800.19
• is, 891. 24

1,981,653. 77
1, 962, 853. 68
1, 943, 962. 34

I /iO, 326. 19

1, 943, 962. 34

1934.•••••.•.••••••.••••..
1935.•••••••.••••••••••••.
1936

January.................

ii~ic'1 ry :::::::::::::::: :::::::::::629,:: ::,117.: ::00::
April....................
8

May.....................
June.....................
July......................
August...................
Septemher. ••••.•••••••..

1937

21,/iOO.OO
April.....................
~. 700. 00
MaY.....................
31,700.00
June.....................
30,000.00
Julv.-...................
5,300. oo
August...................
14, 500. 00
September...............
1. 000. 00
October..................
12,000.00
November •••.•.•••••••...••••••••••••.......
December................
600. 00

I

r:;ciary:::::::::::::::: :::: :::::::::::::::: ::::::::::::::::::::

ffif :::::::::::::::::::: :::::::::::::::: ::::1-------+-------·1------::::::::::::::::::::
Total, second quar•

ter ••••••••••••••• ···•••••·•·•·•·•·•·· -···················

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72

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount of authorizations, disbursements, repayments and other reduc•
tions, and amount outstanding from Feb. S, 193S, to Sept. 30, 1938, incluaive, by
classes and months L-Continued

TABLE

TOTAL, ACT APPROVED APR.13, 1934, AS AMENDED-Continued
Amount or
authorizations •

Year and month

Amount or dis•
bursements

1938-Contlnued
July ........••.••••..•.••..••••••••.•••.•....•. - ••••••.•.......•.
August................... ..•••.•..•.•..•.....
$12,000.00
September .••..•...•..•.....•.......................••.....•....
Total, third quar·
ter ••••••••••••••.••.......•...•...•..
Grand total •.•.....

$5, 734, 288. 75

12,000.00
3,470,447. 22

Amonntont•

Amount of repayments and other
reductions

$176, 078. 00
22,810.14
I 16,020.00

$1, 767,88-1.31
1,757,1/.Ul
1,741,0.iUI

214,908.14

1,741,1\14.:11

1, 729, 393. 02

l,i!l,O,iUI

I
I

standing at end
of period

TOTAL, SEC. 14 OF THE ACT APPROVED JUNE 19, 1934, AS AMENDED
[Loans to borrowers engaged In the mining, milling, or smelting of ores]
1935 ...•...••..•••••••••.•

$6, 307, 000. 00

1936
January..................
335, 000. 00
February................
185, 000. 00
March...................
351,000.00
April.....................
255,000.00
May.....................
554,000.00
June.....................
186,500.00
July_....................
131,000.00
August ......•....•.......•.•••••.............
September...............
292, cOO. 00
October..................
252,500.00
November...............
20, 000. 00
December................
39, 000. 00
Total..............

2,601,500. 00

$932, 000. 00
20,000.00
15.000.00
103, 0)0. 00
33,000.00
41,000.00
17,000.00
80,000.00
308.000. 00
132,000.00
73, W0.00
47,000.00
71,000.00
940,500.00

$15,000.00

$917,llXI.OO

80,000.00

40,000.00

857.00I 00
872.llXI.OO
975.llXIOO
978.0J'IOO
979,00II 00
691.llXI.OO
746,00J.00
1,054.00J.(0
1, 186.001.00
1,259,j00.00
1,306,500 00
1,337,500.00

520,000.00

1,337,500.00

-- ----------- ----- -30,000.00
40,000.00
305,000.00
25,000.00

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

l===~==l======l,===~=I=

1937
I, 344,500 00
37,000.00
January..................
550,000.00
30,000.00
1,3&1.500 00
February................
325,000.00
19,000.00
I, 438. S05 ;9
March...................
20,000.00
148,000.00
72,694.21
April.....................
338, 000. 00
110,000.00
May.....................
64, 000. 00
125,000.00
20,000.00
I, 879,805 ;9
Jnne. ........•.•.•.••.•..
100,000.00
286,000.00
60,000.00
1,879,SO,i ;9
July......................
57,000.00
30,000.00
30,000.00
2,053.S05 ;9
August...................
20, 000. 00
199,000.00
25,000.00
2,
164, so; ;9
20,000.00
September...............
606,000.00
131,000.00
2,178,4:!l.\Z
October .....•.•.......•....••.•••••..........
34,000.00
20,382.27
2,
179,30'
98
November...............
250,000.00
50,114.54
51,000.00
2,162,423.iZ
140,885.46
December.•••..••••••.•.. _ _ _ _· _20..:_'_000_._00_ ._ _ _124,000.00
_:..__ _ _ _ _ _
.:__-I--1
1
1
2,162,423.52
Total..............
2,350,000.00
1, 294, 000. 00
469,076.48
l=~~==l==~~~=l===~=I=
1938
2,230.24&36
January..................
20,000.00
71,000.00
3, 175.16
2,349.148..36
February ..••.....••••.•..•.•..•••••......•..
119.000. 00
2,400,248..36
March ••...•....••.••.•••........••.•.....•..
151,000.00
10,000.00

(·~•:::
I

'

~. I

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

2.400,248.36
Total, first quarter.
20,000.00
341,000.00
13, 175.16
l==~~~=~~~=i==~~~===:=.
2,582,248..36
April.....................
13. 000. 00
92,000.00
2. 702.248..36
May.....................
200, 000. 00
140,000.00
20,000.00
2,738,24S36
51,000.00
'15,000.00
June ••.•••..••.•••..•.... _ _ _ _6_:_5.:.:9'..:.ooo..:..:..·..:.oo.::...i.---...:..:::..:..::..:.:..::.:...i1---....:.::..:..:..:...:......ii---1
Total, second quar•
2,T.l8.24S~
283,000.00
I 35,000.00
ter ••..•..••.•.•.. !===8;;;7~2,~000;;;;;.00~1====;;;;;;~;:;;~===~~;;;;;;~I==:"::."'.
2,728,248.36
July......................
25,000.00
65,000.00
75,000.00
2 823, )4S.36
August...................
160, 000. 00
99,900.00
5,000.00
z921,!li-36
September...............
20, ooo. 00
104,300.00
(')
Total, third quarter...............

--

1-------~--------1--------1
205, 000 00

269,200.00

• 80,000. 00

2,927,i-!8,36

-=
l = = = = = = l = = = = = = l , = = = = =0 J==:=:~
2,927,IJS.36
Grand total........
12, 355, 500. 00
I 1, 132, 251. 64
4, 059, 700. 00
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REPORT OF RECONSTRUCTION FINANCE CORPORATION

73

6.-Amount of authorizations, di,buraement,, repay11Unt, and other reduction,, and amount out,tanding from Feb. 1!, 1931!, to Sept. 30, 1938, inclu,ive, by
claaaea and month, '--Continued

TAllLE

TOTAL, SEC. 18 OF THE ACT APPROVED JUNE 19, 1934, AB AMENDED

ti:.- to a public-school authority for payment of teachers' salaries due prior to June 1, 1934]
Amount or
authorizations •

Year and month

1934 .•••••••••• •• ••.• •• •••

$22, 500, 000. 00

Grand total ••••••.•

22. 500. 000. oo

Amount or dis•
bursements

I

Amount of repayments and other
reduc,1011~

$22, 300, 000. 00

$22, 300, 000. 00

22, 300, 000. 00

22, 300, 000. 00

Amount out•
standing at end
or period

------ ------------------·----------

TOTAL, ACT APPROVED AUG. 24, 1935
(Loans to or for the benefit or t.ax•supported puLlic•school dl5trlcts or other similar publlc•school authorities

In charge or public schools)

1936

January .•••••••••••••••..
February •••••••• . •••••..
April.. ..• • . •••••• •••.•••.
June •..••..••••••••••.•••
August ....•••••••••••••..
September •••••••••...•.•
October ... ••••••• •.......
December ••••••••••••••..
Total ••••••••••••••

$3S3, 000. 00
80. bl)(). 00
208, .",(JO. 00
fil, 000. 00
5fi4, 420. 47
2-'>7, 000. 00
30,000.00
181,000.00

- - - - - --1--------1-------1-----1, 765, 720, 47

1937

January........... •. •...
15,500. 00
March...................
15.1, 000 00
April.... ............. ....
iO, 937. 08
May .••.•.• •••••••••••.•.......•............
July······ .• .. ••••••..••••......•.....•.•..•.
Augu.,t. ••••••••••••••••••••••••••••.•....• _••
September...............
6i9. 63

November .••••••.••...•. -···················
Total. ••••• ••• ••••
1938

May ••••..•••••••••••••••

22,500. 00
15,500.00
43,666.23
13,333.32
I, 579. 98

$63,420.47
63,420.47
53,420.47
75,920.47
91,420.47
135,086. 70
148,420.02
150,000. 00

150,000. 00

150,000.00

$53,420. 47 ·····•·•••••••••••• ·
.••••• •••••• ••••.•..• •••••••••••• .••• •• •

240,016.61

1======1======1°=====1=====

_______

,

1,062.92

Total, seoond quar•
ter •••••••••• •••••

,

150,000.00

1,062.92

150,000.00

$500.00

149,500.00

Total, third quar•
ter .•••••••••.••................••..••.....••••••.•••.....

1500.00

149,500.00

Grand total •••••••.

1500. 00

149,500. 00

September•••••••••••.•••••.•.•...•••••...... •···················

2, 006, 800. 00

I

150,000. 00

TOTAL, ACT APPROVED MAY 20, 1936, AS AMENDED

[Loan to the Rural Electrification Administration]

October- •• ~~:~...........
Total.. •••••• ..••..

$1,000,000.00

$100,000.00 ······-·············

$100, 000.00

1, 000, 000. 00

100, 000. 00 . .. . .• .• •.• .•..•. •• .

100, 000. 00

1-------·l-------·l--------l-------

Total ••• ···-· .••.•.

45, 500, 000. 00

298,000.00
200,000.00
402, 000.00
1, 400, 000. 00
1, 600, 000. 00
900,000.00
1, 050, 000. 00
2,475, 000.00
3, r.5,000.00
5,150, 000.00
4, 750, 000. 00

$'2, 425. 4e

398,000.00
598,000.00
1, 000, 000. 00
2, 400, 000. 00
4, 000, 000. 00
4, 897, 574. 54
5,947,574.54
8, 422, 574. 54
11,697,574. 54
16, 847, 574. 54
21, 597, 574. 54

21, 500, 000. 00

2,425.46

21, 597, 674. 54

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74

REPORT OF RECONSTRUCTION FINANCE CORPORATION

6.-Amount ef authorizations, disbursements, repayments and other reduotions, and amount outstanding from Feb. S, 193S, to Sept. SO, 19!18, .inclusive, by
classes and months 1-.Continued

TABLE

TOTAL, ACT APPROVED MAY 20, 1936, AB AMENDED-Continued
Year and month

Amount of
authorizations •

Amount of dis•
bnrsements

Amount of repay•
ments and other
reductions

Amount outstanding at end
or period

1938

January.................. .••••••.••••.•••.••.
$4,457.000. 00 .•••••••••••••••••••
$26,054,574.54
February................ ••••••••••.•••••....
3,450,000. 00 •••• ••••••••••••••••
29, 504, 574. 54
_
March .•••.•.•.••.••••••. ,.·_··-·-·._._._
.._._
•._._
•._._•._._ 1_ _ _2'-,2_5_0:...,000_._00_ ••_._
••_._
••_._._
••_._
••_._._
••_. _ _ _3_1._7_54....c,_57_4_.54_
1
1
Total, first quarter. .............•......
JO, 157. 000. oo ....................
31,754.574. M
April..................... ..••••.•••.•.•..••..
2,000,000.00 •••••••.•••.•••.••..
33,754,574.54
May..................... •••..•••..•...•..•..
1,400,000.00 •••••••.•••••••••••.
35,154,574.54
June .... _•••••.....•.•........•..•..•.•..••.. _ _ _1_1:...'3_4_3._oo_o_._oo_ 1_._._
••_._._
••_._
••_._
••_._._
••_•• _ _ _
46-'-,_49_7:...,5_74._54
1
1
Total, second quar•
ter .....•.••••.•••....•.••.•.....•....
14, 743, 000. 00
46, 497, 574. 54
August...................
JO, 000. 000. 00
46,497,574.54
September ••..........•.. 1_ _ _20c..:•:...o_ooc:.,.:.cooc.:.o_.n-'--o ··········••·•••-···1-_ _(.:..;'>:......_ _ _ _46_,_4_97_,o_7_4._M
Total, third quar•
ter. ••. .....••.•.•
30, 000, 000. 00 . •.....•.. .••....• •.
(')
46, 497. 574. 54
1=======1=======11======
Grand total........
76,500,000.00
46,500,000.00
• 2,425.46
46,497,574.54
1 Figures by months for 1932, 1933, 1934, and 1935 are shown for all classes In table 6 of the report for lhlt
fourth quarter or 1937. Certain monthly figures for 1934 and 1935 have been revised since the report for the
fourth quarter of 1937. These revised figures are shown below:

Total, ,ec. 6, Reconatructlon Finance Corporation Act, aa amended
Amount of
Amount of repapauthorization,
ments and otlur
$22,638,980.82 1935-Contlnned,
rtduction8
41,309,217.69
October ..••••••••••••••••••••
$33. 767, 010. 27
Amount of
30, 960, 746. 02
November •••.••••••••••••••••
1934:
diaburumenta
58, 659,270.45
December ••••••••••••••••••••
August.......................
$25, 588, 367. 08
Amount oui•
November....................
57,258,598.42
atanding at end
December....................
83,967,446.31 1934:
of period
A mount of repav•
August •.••••••••••••••••••••• $1,275,092,998.93
ments and other
September.................... 1,261.082, 966. 94
1934:
reduction,
October...................... 1,258,901. 735. 95
August ...•••.•.•.•.••••••••••
$81,175, 178. 70
November.................... 1,267.866, 365. 26
September •••••.•.•••••.••••.•
33, 779, 827. 82
December.................... 1,275,919,600. Ul
October ..•.•••••••.•••••••.••
32,054,777.38 1935:
November.•.•••••••••••••••••
48, 293, 969. 11
January •••••••••••••••••.•••• 1, 235, 968, 702. 27
December .•••••••••••••••••••
75,914,150.66
February••••••••••••••••••••• 1, 203, 242, 660. 40
11135:
March •••••.•••••••••••••••••• 1, 167,757,360.83
57,369,640. 58
1annary .•.•••••••••••••••••••
1, 1.53, 201,880. i9
47,603,833.64
1,151,244,627.51
t:r~hry ••••••••.••••••••••••
46, 933, 698. 63
June ••.••••••••••••••••••••••• 1,131,062, AAS. 28
37, 597, 638. 59
Jnly ..•.•••••••••••••••••••••• 1,098,815, 3SO. 84
39,944,833. 36
l.ngust .•••••••••••••••••••••• 1,079,169,274.45
June ••••.•.•••••••••••.•••••••
37,236,107.44
September•.•••••••••••••••••• 1, 058. 158, 177. 10
39,642,030.
06
October
••••••••••••••••••.••• 1,028,369,553.21
Jnly .. ·••••·•••·•·••••••••••••
August. ..••••.•••••••••••••.•
30,882,615.06
999, 643, 988. 8.1November .•••••••••••••••••••
September ••••••••••••••••••••
25, 294, 991. 82
December ••••••••••••••••••••
964,470,349.83

1934:
July..........................
October......................

ti:#-::::::::::::::::::::::::

~:;1.::::::::::::::::::::::::

BANKS AND TRUST COKPANIEB (INCLUDING BECEIVEBB, LIQUIDATING AGENTS AND CONSEBVATOBS)

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

Amount of
Amount ofreparauthorization,
fllffitl and other
$18, 977, 204. 16 1935-Contlnned.
reductiom
13,637, 901. 13
$29, 099, 707. 49
Amount of
29, 290,968.05
1934:
d/1bur1<menl8
June ••••••••••••••••••••••••••
25, 482, 946. 86
August.......................
$21, 715, 413. 70
Jnly•.•.••••.•••••••••••••••••
27, 378,947.02
November....................
46,896,421.00
August ...................... .
2'l, 992,066.49
December....................
59,918,878.88
September•••••••.••••••••••••
16, 105. 494. 46
Amount ofrepav•
October ••••••••••••••••••••••
19, 222, 508. 8Z
ment, and other
November••••••••••••••••••••
25, 277,302.87
1934:
reduction,
December ••••••••••••••••••••
27, 000. 463. 52
August ••.••••••••••••••••••••
$24, 887, 561. 83
Amount out•
September.•••••••••••••.•••••
23, 027, ll02. 13
,tanding al
October .•••••••••••••••.•••••
21, 762, 114. 00 1934:
nid ofp,riod
November••••••••••••••••••••
32, 528, 540. 18
August ...••••••••••••••••.••• $570,803,012.88
December ..••••••••.•••••••••
30, 986, 891. 61
September••••••••••••••••••••
563, 542,703.32
1935:
October ••••••••••••••••••••••
659, 562. 341. 79
January ••••••••••••••••••••••
42, 165, 976. M
November••••••••••••••••••••
573, 930, 223. 60
35, 090, 775. 39
December ••••••••••••••••••••
602, 862,210.87
tt~i:'ry•••••••••••••••••••••
36, 498, 782. 11
1934:
Jnly..••••••••••••••••••••••••
October •.•••••••••••.••.•••••

tfa":·::::::::::::::::::::::::

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

75

B.ll'ID .un> TIIUIIT COlfPA'NISII (JMCLUDINO B'ICEITEllS, UQUIDATINO AGENTS AND CONSSRVATORS)-e<>D.

A mo11nt out,tandAmo,1t1t out,tandlng al end of period
lng at tnd of pt<iod
1935-<'ontlnued.
11135:Jannary _______________ •••••••
$57'l, R!I-I. 2:10 o;
July ..•••••••••••••••••••• ··-- $449. 302, 351. 51
435. !>()2, 784. 44
547. 2t;4. 013. 13
Au~nst ..•••••••••••••••••••••
Febmary ••••••••.•••.••••••••
421. 821. 911. 28
519.
870.
122.
27
Se pt ember.--. __ ··---· ••••••
March--·---·---------------405. 48.1. 9ll3. 25
October •.••.•••••••••••••••••
505. 402. 045. 77
A pril. •• ·-. ·-· -· •• __ •• ·-••••••

!.fay.-······················June·--·· ···-- __ ·-•••••• ··-•••

4R.I. 972, 3JS. 2r,

N ovC'mbrr _•••••••••••••••••••

471,635,202. 78

December···················-

38n. s2r.. gn_ 21
373,817. 772. 35

Tocal, autlorlzatlona to btul11tu mttTprlu• undtr 1u. 5d of the Recomtructlon Finance Corporation Ad, tu

amrndtd
(Direct loans to business enterprises Including participations)

Amount of
authorization8
$4,717.300. 00
1934· December·--··-·--··-······-----------------------·------------------1935:

4,189,600.00

May_ •••• ·-····--·· •••• ---··-------·----·--·-------·---------------

10, 078, 033. 33

June. -·-· ••••• ·- _·-•••••••••• ·-----------·--------·-----· ----·----------- -----LOANS TO BUSINESS ENTERPRISES

(Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Amount of
authnrizations

1934· December•• -·-·- ••••••• ·-· ••• ····-···-··· •••••••••••••••••••••••••• ··-······ ••••••

$3,024, 750. 00

:May.•.•••••••••••••••••••• _.-· •••••••.•.••••••••.••.•• - •••••.• - •••••••••••..•••••••
June .•••••••.••••••••••••••.•.••••.•••••.•.••••••••••.••.•.•••••••.•••••• ·····-·· •••

3. 300. 100. 00
10, 390. 100. 00

Jg35:

Total. 1te. ft of tht Recon,trudion Finance Corporation Ad, a, amended

(Loans on the assets of closed banks and trust companies]

1934:
July.···--··--···--···--·--··Octo ber. ___ ·-·-··-••••• _··- __
1934:
August ...•• ---·-····-·······N ovem ber·--····-··-·-- ····-December-······-·······-· •••

Amount of repa,ment• and oth,r

Amount of
authoriza,tona
$17. 216,474.66
12,081.315. 61

A mount of dl1•
bur3tmtnt1
$17,216.395. 49
1.100.07917
6, 000, 000. 00

rtduction8
$7,310,770.92
21,775.59
25,176.81

1935--Contlnued.
October .• ···-·-·······-·-···N ovem ber •••••••.••.• _. ····-December.·-· •.•••••••. ·- ••••

Amount ouwand•
ing at rnd of
paiod
$16, 780, 458. 11
August ..••••• ·-········-··-·16,576,346.66
se ptem ber .•.••••••••• ·- _••• ·16, 45fi, 451. 94
0 cto her ..•••.••••••••••••••••
17. 402,793.38
N °'ember•.••••.• ·-·-·-···-·19,832,926. 57
December ·-·····---·- •••• ···1935:
15, 350, 502. 15
January·-·-···--·--·-···-··-·
13, 903. 940. 28
February •••• ·-·.·-•••••••• __ _
12. 328. 009. 38
M nrch .••••••••...•.••••••• ··10, 74,. 740. 69
A pri I•.•.••.•••..• _•••• _••••••
9. 940, 353. 85
May._··-···-···--···----···3, 444, 180. 54
June ..• _••••• ···-· ··-·· ··-···ll. 692,604. OIi
July ••.• ·- ••..••••••••••••••••
9.
516,834.811
A ui,:nst •.. ·-·-- ··-·--··---·-·September
•.. _••.• ·-·-._ •••• __
8, 788, 225. 'J:1
1,
54 I. 059. 43
October •• ·-·····-·-··-·-····1,550,727.32
N o\'em her.• ·--··------------2,178,207.68
December ·-··--··------·-·-·-

1934:

Amount o(r,paumrnt, a ■ d other
reduction,
11134:
$435. 937. 38
August ... ···-·-·· ••••••••• ··204. 111. 45
Septem ber ·--·-·-·-·········142. 304. 72
October····-·-····--·····-···
153. ,37. 73
November.·-·-··---···-----·3,469,866.81
December ·----------···-----11136:
4, 495. 635. 95
January.-·--·-·--···-···---·February ••• ______ ·-•• _ ••••••
1,495. 516. 99
1, 65~.318. 15
March •. -••••• ·--·-······-···Apr ii. •• ·--·-·-- _______ ·---•••
1,672. 041.17
910,648.62
May·----·-·-·-···-·····-·-·e, 587. 406. 13
1nne___ .• _._·_·-·--·-·-··-·-2,219. 715. 11
July
..
···-·········-·-······-August •..••.•••••. - ••• _. __ •• _
2, 260. 240. 37
770,977.06
September••• -···-·--·---·-·-Total, ,ec. Sil, /Ult II, of the EmtTgeney Farm Mortgage Ad of 19S.,, aa amended

[Drainage, levee, Irrigation, and similar districts, etc.)
Amount of
authorization,
11134:
1936:
January __ .·----· ___ ----· ____ _
$7. 047, 345. 85
JanUBrY------·•---•--·•--•--3,719,699.17
July .•.. ·-·-·-·----·-··-·---. May. ·····-···-···-·--·---·--

December--·-----·-·---·---·-

1, 876, 645. 61

A Ugill t. .............. -. -.. ---

.Amount of

authorizat,0111
$565. 743. (Jg
1, 656, 684. 61
408,747.98
641,956.80

November ••• ·-·.··- __ ·-·-·-·• These figures have been adjusted on account of recisslons.
I Includes $!93,fil8,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
• Revised.
1 Exclusive of repayments unallocated, prndlng advices, BS or Sept. 30, 1938.
1 or this amount, $282,825.766.70 represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, 1038, equivalent to the balance or the amounts disbursed !or reliel and
work relief under title I of the Emer?ency Relief and Construction Act of 1032, BS amended.
T Includes authorizations or $1,604,712,664.99 to the Commodity Credit Corporation, of which $767,716,·
1162.21 was disbursed and repaid.
1 Represents cancelatlou of the Corporation's notes, pursuant to the provisions of the act approved Feb.
M, 1938. equivalent to the balance or the amounts disbursed.

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7.-Loans to aid in the reorganization or liquidation of closed banks and trust companies from Feb: S, 19SS, to Sept. SO, 1938, inclmioe, '-1
by States (includes loans to receivers, liquidating agents, and conaervators, and loans through mortgage loan companies, to aid in the reorganization O')
or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets of closed
banka and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended)

TABLE

I

BANKS AND TRUST COMPANIES

State

Amount au•
thorized

National•

All others

Amount with•

Amount with·
drawn or can·
celed

drawn or can-

celed

Amount dis•
hursed

Amount au•
thorized

Alabama .........•. . ...... . .

0

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Arkansas... •. ... . . . . ... •....
Califo rnia ......... .. .. .. ....
Colorado......•. •.. . . . .. . . ..
Connecticut . ... . . •. .. . . . . .. .
D istrict ol Columbia . . . ... . .
F lorida .. ..... . . ... . . . ......
Georgia .• .. . .... .. ... . .. . .. .
Idaho .•...... . .. . ....•. . .•..
Illinois. ... .. . ............ . . .
Indiana .. .. ..... ...... . ... . .
Iowa . ..... . .........•. . . .. ..
Kansas ... . ... . ... . .... . .•.. .
Kentuck y ... .... .. .... . .....
Louisiana ....... . •..... . . .. .
M aine .... .. ..... . . . . . .... ..
M aryland ......•.... . . •. .. . .
M assachusetts . . .. __.. . .. _..
Mich igan ....... . . ... ... . •..
Minnesota ..•......•....••..

r Nl'nn __

279, 701.73
6,279, 714.82
14,167,039. 16
1, 497, 478. 87
2, 655, 765. 52
13,516, 217. 96
3,078, 559. 97
2,914, 430. 97
3, 264, 193. 27
47, 4-26, 362. 71
20, 064, 208. 78
15, 388, 970. 18

10, 976, 015, 42
2, 480, 045. 34
1,098, 168. 76
539,242. 84
395,877.53
11,070,156, 94
3, 374,6 15. 84
1, 686, 286. 22
2,596, 473. 52
21, 316, 557. 66
2, 370,467. 20
956,326. 95
2,061, 234. 10
76, 386. 34
815,844. 20
431. 355. 94
39, 597 69
5, 164, 574. 59
34, 996 50
7, 108, 496. 16
4,6 19,964, 84
12, 247, 68
64, 208, 086. 27

, 237, 800. 00

301,707. 8

, ,'82, 13

3o,

2, 502, 412, 56
7, 309, 814.84

36, 585, 009. 16
39, 507, 925. 34
11; 438, 298. 47
29, 846,
78
253, 542,
. 17
2, 826,687. 41
5, 964, 957. 99
13, 229, 02-l. 83
908,579. 23
2, 858, 658. 07
2, 241, 808. 25
460, 402. 31
21, 064,567. 17
417, 677.04
46, 982, 378. 68
8, 621. 494. 63
l, 709, 348. 18
186, 790, 681. 61
1, 600, 302. 42

!M·

438, 320 84

'»;Ii _ n 2 2 lili

Amount dis•
bursed
$3, 195,442. 37

3, 024, 308. 48
2, 056, 933. 06

~i: ~i~f~i::::: ::::::::: : : : :
Montana .••..••..•...•.... ..
Nebraska . . •.•. . .•.... . •....
Nevada.·-··· · --···-·· ···-·New Hampshire •••.• •. •..••.
New Jersey .••.•.•.•. ••..• . .
New Mexico •• .••. •••..... . .
New York .. ..••.••.. . . ••.•.
North Carolina . .• •.••••.•.•
North Dakota ••..... . •• ••• .

g~l~homa..................

Amount dis•
hursed

with·
Amount author· Amount
drawn or canized
celed

$2, 703, 267. 89
117, 198. 27
3, 636, 852. 33
293,443. 90
2, 951. 70
675, 234. 48

Ari zona ___ ______ ___ _________

cg:N.

Total

, 897, 70

3, 971, 720. 25

626, 790.

'1: ?JU 020 SIii

0

"'l.l

~

a

i

00

~

d

~
....

~
~

~
~

8
~

"C

~
....~
~

Pennsylvania_______________

82,459,084.97

69,747,840.37

21,211,044.60

a;~"c,~i;-;,-_::::::::::::: ---ii,-iisi;680~i4---i;4so:04fi91,295,184.30
276,620.62

fot~i•
South Dakota.______________
Tennessee
___. ·-·---···-·-·-··
Texas_ .• ___
____________ . ___

Utah ____________ ·-·-······-·
Vermont ••.••.. ___________ .•
Virginia ___________ . _________
Washington _________________
~f:Jo~~t~~~:::::::::::::::
Wyoming ___________________
Puerto Rico _________________

16,761,143.68
6, 966, 434. 14
39,500.00
1, 349, 800. 00
2, 199, 700. 00
9, 255, 369. 82
8,507,884.16
7, 101, 721. 08

971,879. 72
1, OU, 946. 55
4,500.00
284,800 71
412,334 96
1,061.411. 79
1, 222, 893. 37
1, 636, 766. 26

-- -------------- -------- -------- ---------------------·------- - -------------- -- - -------------- -

Total.·-··---------··· 663, 288, 861. 82
1

6, 171, 631 95
1, 018, 563. 68
15, 703, 663. 96
4, 954, 487. 59
35,000.00
1, 064, 999 29
1, 787, 365. 04
8, 1113, 958. 03
7, 215, 990. 79
6, 454, 954. 82

130, 200, 328. 65

528, 666, 069. 08

Includes District of Colwnbla banks and trust companies,,

49, 703, 479. 66
1,373, 413. 40
2, 264, 763. 16
1,249,548.26
1, 492, 87 5. 64
II, 933,607.27
4, 388, 776. 52

24, 239, 986. 17
255,283.36
263, l~.31
816,173.34
539,733.70
• 803,137.19
2,391,822.86

24, 063, 643. 48
1, 118, 130. 04
2, 001, 609 86
424,951.53
9~3, 141. 94
6,130,470.08
1, 9116, 953. 66

11,314, 516. 19
4,717,256.00
6, 632, 006. 05
185,500.00
l, 485, 000 00

1,653,154 05
2,048,867.28
4, 618, 539. 98
186,500.00

9, 628, 738. 14
2, 668, 388. 72
2, 013, 466. 07

195,463,736.01

450, 498, 125. 81

------------------------------·
---------------6, 320, 500. 00
911,883.25
4,408,616. 75

664, 628, 442. 112

----------- --- -- -----·-------------------------

132, 182, 1164. 6~
1,373,413 40
8, 916, 443. 30
2,544,732 56
18,254,019 32
12,000,041.41
4, 428, 276 52
1, 349, 800. 00
7, 520, 200. 00
20, 569. 886. 01
13, 225, 140 I 6
13, 733, 727. 13
185,500.00
1, 485, 000. 00
1,327, 1117, 304, 74

88,811,888.86

46, 460, 980. 77
255,283.36
1, 743. 201. 50
1,092, 793. ll6
1,511,613.42
I, 815,083. 74
2, 396, 322. 86
284,800 71
1, 324, 218. 21
2, 714, 565. 84
3,271,760 65
6, 255, 306. 24
185,500.00

1, 118, 130. 04
7,173,241.80
1,443,616.21
16, 656, 805.11()
11, 084, 957. 67
2,031,953. 6ft
1, 064, 999. 29
6, 195, 98 I. 79
17,822,696.17
9, 884, 379. 51
7, 468, 420. 8

325, 664, 064. 66

979, 164, llH. 89

---------------- -----------·--·----------------

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78

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loan, on and purchases of preferred stock, and purchase, of capital note,
or debentures, of banks and trust companies, disbursed from Mar. 9, 1933, to
Sept. 30, 1938, inclusive; and outstanding as of Sept. 30, 1938 (under sec. 304,
title III, of the act approved Mar. 9, 1933, as amended)

TABLE

BANKS AND TRUST COMPANIES
TOTAL

Outstandlng

Disbursed

State

Number of
banks and
trust com•

Number of
banks and

Amount

trust com•

panlesl

Alabama •••••••••••••••••••••••••••••••••••
Arizona ••••••••••••••••••••••••••••••••••••
Arkansas •••••••••••••••••••••••••••••••••••
California .•••••••••••••••••••••••••••••••••
Colorado •.•••••••••••••••••••••••••••••••.•
Connecticnt••••••••••••••••••••••••••••••••
Delaware ••••••••••••••••••••••••••••••••••
District of Columbia •••••••••••••••••••••••
Jflorida •••••••••••••••••••••••••••••••••••••
Georgia ••••••••••••••••••••••••••••••••••••
Idaho .•••••••••••••••••••••••••••••••••••••
Illinois .••••••••••••••••••••••••••••••••••••
Indiana ••••••••••••••••••••••••••••••••••••
Iowa .••.•••••••••••••••••••••••••••••••••••

Kansas ..•.•••••••••••.•••••••••••••••••••.•

70

fg~i~~~;:..................................
Maine •••••••••••••••••••••••••••••••••••••

Maryland •.••••••••••••••••••••••••••••••••
Massachusetts •••••••••••••••••••••••••••••
Michigan .•••.•••••••••••••••••••••••••••••
Minnesota •••••••••••••••••••••••••••••••••
Mississippi. ••••••••••••••••••••••••••••••••
Missouri •••••••••••••••••••••••••••••••••••
Montana•••••••••••••••••••••••••••••••••••
Nebraska ••••••••••••••••••••••••••••••••••
Nevada ••...•••••••••••••••••••••••••••••.•
New Hampshire •••••••••••••••••••••••••••
New Jersey ••••••••••••••••••••••••••••••••
New Mexico •••••••••••••••••••••••••••••••
New York •••.•.•••••••••••••••••••••••••••
North Carolina ••••••••••••••••••••••••••••
North Dakota••••••••••••••••••••••••••••••
Ohio •.•••.•••••••••••••.•••••••••••••••••••
Oklahoma.•••••••••• · ••••••••••••••••••••••
Oregon ...••...•••••.•••••••••••••••••••••••
Pennsylvania ••••••••••••••••••••••••••••••
Rhode Island .•••••••••••••••••••••••••••••
Sonth Carolina ••••••••.••••••••••••••••••••
South Dakota ••••••••••••••••••••••••••••••
Tennessee .•••••••••••••••••••••••••••••••••
Texas •••.••••••.•••••••••••••••••••••••••••
Utah ....•.•••.•••••••••••••••••••••••••••••
Vermont ..•••.•••••••••••••••••••••••••••••
Virginia ....••.••••••.••••.•••••••••••••••••
Washington ••.•••••••••.•••••••• a••••••••••
West Virginia••••••.•••••••••••••••••••••..

6
113
121
56
3g
11
7
40
86
24
224
281
189
1118
112
111
31
66
67
184
268
148
220
57
148
4
9
206
19
477
133
129

388
46
53

286

4

35
119
121
403
41
160

132
94
91
403

A.moan&•

panlesl

$15, 853, 675. 00
2, 430, 000. 00
4, 419, 000. 00
48, 502, 425. 00
4, 893, 600, 00
7, 192, 126, 00
567,300.00
2, 900, 000. 00
2, 176, :IXlO. 00
4, 835, 600. 00
2, 130, 000. 00
g1, 581,114.17
16, 791, 250. 00
10, 248, 000. 00
5, 272, 760. 00
8, 879, 860. 00
15, M7, 000. 00
II, 125, 600. 00
9, 348, 170. 00
16, 674, :IXlO. Oil
40, i25, 261. 00
17, 378, 525. 00
14, 313, 160. 00
20, 801, 125. 00
4, 030, 600. 00
8, 525, 050. 00
205,000.00
761,635.00
78, 222, 016. 07
715,000.00
a11, 149, osg. 16
7, 488, 600. 00
4,014,600.00
113, 322, 237. 00
10, 934, 000. 00
1, 960, 000. 00
46, 9911, 096. 60
898,500.00
2, 771, 800. 00
4, 43!!, 100. 00
12, 559, 060. 00
31, 374, 125. 00
3, 996, 000. 00
17, 370, 626. 00
10, 694, 660. 00
6, 064, 500. 00
6, 461, 066. 66
33,347, 100. 00
1,367, 600. 00
37,500.00
1, 260, 000. 00
125,000.00

GO

1
Ill

72
411
87
10
7
88
71
21
166
236
112
167
911

84

211
62
'6
156

1811

138
188

40
112
3
6

188
17
332
107
111

299
33

M
250
4

82
911
113
316
82
47
118
63
74

$8, 1188, 041. 82
1, 215, 200. 00
3, 484, 070. 00
24, 187, 502.19
2, 639, 800. 00
6, 8211, 9911. 33
316,900.00
2, 1115, 300. 00
1, 427, 166. Uf
3, 0611, 632. 81
1,634,950.00
86, 126, 229. 2:l
10, 600, 84S. 00
6, 865, 240. 00
8, ,30, H4. 01
6, 318,957.50
7,560,955.00
6, 2113, 682. 68
7, 459. 4n. 50
II, 211, 205.10
30, 309,754.81
7, 650. 689. 00

7, 255, 680. 48
7,358,579. QI
1, 421,040.00
3, 612, 113. 49
117,000.00
236,135.00
67,378,542.21
684,825 00
113, 909, 421. 07
6, 406, 389. 37
2, 435, 675. 00
55, 537, 330. 24
2, 6!8. 003. 73
996,11"...;.oo
86, 433, 340. 17
697,900 00
1, lls;!,8.'iO 00
2, 006, oo.,. 99
10, 666. 200. 00
19, 128,~.69
2, 127.06143
16. 807, 150. 00
G, 72S, 3r,7 f>O
2, 559, i 50. 00
3,835,661\.fiT
24, 117, 2il. 17
893,706. OS

834
23
17
1
3
2
460, 000. 00
1
1
121, 500. 00
f----11------1-----1------Total................................
6,006 1,078,642,661.56
4,897
533,306, 795. OS

~~~~i~:··································
Alaska .••.•••••••••••••••••••••••••••••••••
Puerto Rico ...•••••••••••••••••••.•••••••••
Virgin Islands.•••••••••••••••••••••••••••••

Sub~crlptions for preferred stock of:
Export•Import Bank: or Washington •••
Second Export•lmport Bank of Wash·
lngton, D. C •••••••••••••••••.••••••.
0rand total ••••••••••••••••••••••.•

-·······---- -··---·-----------

l====l=====,l====I=====
20, 000, 000. 00

20, 000, 000. 00

2, 500, 000. 00

1-----+-------1-----+------6,098

1, 101, 142, 661. 56

4, 8118

See footnotes at end of table.

Digitized by

Google

553, 306,795.00

REPORT OF RECONSTRUCTION FINANCE CORPORATION

79

TABLII 8.-Loam Oft and 11vrchaau of Ft/erred eloclc, llft4/"rc1aau of capital note,
or debenture•, of banb and tru.l ,ompa11ie•, diabur•e from M&r. 9, 19SS, to
Sept. SO, 19S8, inclu.i11e; and owtaRdin, a. of Sept. SO, 19S8 (under aec. S04,
tuk III, of lA. Gd apprmied Mar. 9, 19SS, a. amended)-Continued
NATIOHJ,t

Dlabwwd

Outstandlnc

Namberot

Number of

trust com•

trust com•

banks and

banks and

paniel I

Alabama-.................................
Arlsona. .....................•..••..•..••..
Arkanaaa. . .. . . ••••••••••.•...•.••.••••••••

California..................................

ll8

SlO. 119&, 800. 00

12

~

14
87

a

Colorado...................................
Connecticut.... . ......... ......... ........

Delawant.. ................................
District or Colombia.................. .....

Florida....... .............................

~::::::::::::::::::::::::::::::::::::
Illlnola.....................................
lndlaDa....................................

Iowa.......................................
Xansaa. . . . . . ... .... .•. •• . .. . ...••.. ..... ..

Loulsia.Da..................................

Ma!De.. •••••••••••••••••••••••••••••••••••
Maryland.... . .............................
Masaacbuaetlll.. ......••..... . . .......... . .

Michigan..................................
MiDnesota. ..••••••. • . ••••••••••••••••••••.

:1:o~~f~I..:::::::::::::::::::::::::::::::
Montana..................................

33

a, 723, 426. oo

137, 300. 00
1, 100,
1,330,000. 00

131

84,010,114. 17
7, 188,600.00
6,447,600.00
2. 282. 600. 00
3, 397, 350. 00
4, 400, 000. 00
2,610,000.00
2,998,170.00
10, 723, 200. 00
20,470,760. 00
13,577,625.00

104

14
38

1:

61

~

20
49
3
8
135
6

ooo.oo

}: ;:; ~:~

~:~~ ~:~

Utah.......................................

147
8

Virginia........... ... ......................

86

1, 6ll, 000. 00
6, 834, 950. 00
175,000. 00
661,635.00
211, 449, '35. 82
410,000.00
128,096,606. 83
1,905,000.00
2,410,500.00
85,600. 737. 00
10,874,000.00
890, 000. 00
20, 678, 736. 60
648. 600. 00
1,506,000. 00
2, 9M, 100. 00
8, 1162, 600. 00
23,621,625. 00
1,325.000. 00
560,000.00
3,917, 400. 00

~=~~~~.:::::::::::::::::::::::::::::
WLsconsln......... .........................

:67

:: ;~; ~::
16,395, 100. 00

Alaska. ....................................

10
1
1

702,600. 00
37,600. 00
125,000. 00

Nebraska.................... ..............
Nevada....................................
New Hampehlre. ..........................
New Je,....y ... ............ ........... ......
New Mexico. ......... .....................
New York.................................

240

North Carolina............................
North Dakota.............................

18
31
83

Ohio.......................................

Oklahoma.................................
Oregon.....................................

40

20
200
3

Pennsylvania..............................
Rhode Island. . . •.•••••••••.•••.••.•• .. •• ..
South Carolina............................
South Dakota..............................

6

'l'T

Teruiessee..... ••• ••• • ••• •• •• • • • • ••••••• •• ••
Texas . •••••••••••••••••••••••••••••••••••••

'¥1

Vermont....... ...... ......................

11

Wyom1D11..................................
Vl.rgill Islands......... ....................

Total. •••••••••••••••••••••••••••••••

1

16
4
2
13

47
46
211
16
13
13
43
62
117

Kentucky..................................

1, MO, ooo. oo

1, ~70, 000. 00
19, 899,925. 00
4,143,600. 00

62

Amount•

panlea I

211

16
4
2
12
14
8

37
35

39
22

13
11
11
26

43
65
16
21
2
4
120
6

184
16
20
67
27
7
171
3
6
22
23
119
6
8

28

16

28
46
6

S6, IQ, 586. 36
1,216,:D>. OO
l, 171, f.!O. 00
13, 704. OW. 19
1.1142, '700. 00
3,176,257.50
130,300.00
1132.300. 00
779,6i0. 00
1,020,600. 00
887,650.00
646. 11111. 22
3, lll8, 446. 00
2, 983, 250. 00
1, 635, 000. 00
2, 0311, 200. 00
3, 444, 400. 00
1,248,925. 00
2,231,640. 00
6, 633, 996. 10
16,148, 173. 81
6, 462, 628. 10
2,003, 673. 19
2,247,075. 00
428,090.00
2,. 400, 050. 00
72,000.00
136, 136. 00
24, 8119, 148. 94
322,600.00
20, '189, 813. 64
814,000. 00
1,014,176.00
19, 783, 555. 24
2, 1568, 4fl3. 73
155,700. 00
18,717. 458. 67
452. 900.00
1, 322, 0!1(). 00
1, 936, 120. 66
6, 502, 400. 00
13, 899,054. 01
886, 811. 43
420. 000.00
1, 481, 500. 00
1,817, 775. 00
l, 626, 741. 67
11, li5, 641. 17
318.400. 00

ao,

1
121, 600. 00
1------1------·1-----t------2. 036
619, 955, 736. 98
1, 676
237,061,683. 42
STA.TB MBIIBl:lll •

4

'3, 502, 100. 00

Arkansu.-............................... .
California.•...•.......•••...•.•••••.•••.•..
Cnlondo....•.•...•.•.•••...•.•.•••••..••..

1
6
6
2

=-::::::::::::::::::::::::::::::::::::
m100 ............ ................... _•••••••

2
6
4
16

840, 000. 00
730, 000. 00
15, 600, 000. 00
205.000. 00
1, 000, 000. 00
275,000. 00
1, 135. 000. 00
810, 000. 00
2, 750, 000. 00
1, IH'O, 000. 00
1, 170, 000. 00
192,600. 00

Alabama. ••.•.•.....••••••..•...•••.••..•.•
Arizona •••••••••••••• ••••••••••••••••••••••

Dlatrlct or Columbia.••.•.•...•.•..••.•.•.•
Florida .............•.............•.....•. _

Indiana .............. -· ................... .

low•··-····································
Xamu..•...•· ······ ······ ···············-·

1

11
5

7

4

$2, 840, 327. 43

6
3

67~. 800. 00
1, 700, 000. 00
201, 000. 00
600, 000. 00
176, 406. 12

2
1
2
4
S
11
9

6
4

641,600. 00
551,600.00
1, 734, 000. 00
1, 428. f,l(). 00
923, 000. 00
100, 000. 00

Bee footnotee at end of table.

Digitized by

Goog Ie

80

REPORT OF RECONSTRUCTION FINANCE CORPORATION

8.-Loana on and purchaaea of preferred stock, and purchaaea of capital notu
or debenturea, of banka 11nd trust companies, disburaed from Mar. 9, 19!J!J, lo
Sept. SO, 1988, incl11.Bive; and outstanding aa of Sept. !JO, 19!18 (under aec. !104,
title III, of the act appro11ed Mar. 9, 19!1!1, as amended)-Continued

TABLE

STA.TB MBJIBBBS-Contlnued
Outstanding

Disbursed
State

Number of
banks and
trust com•
panie!! I

~~~~~!·:::::::::::::::::::::::::::::::::
Maine .•• ·········-----·-----------------··
Marylanrl ••• -····················-·········
Massachusetts ••• ·················-·-···-··
MichigBD,---·-·········-···-··············
Montana .•••••••••• ·-·····-················
Nebraska.···-····-················-·······
New Jersey •• ·-•••••••••••••••••••.••• ··-·.
New Mexico.·····-························
New York .•••• ·-·····················-····
North Carolina •••• ·-···-···-··············
Ohio.......................................
Oklahoma••••••••• -···-····················
Oregon ..• ·······-··-········-··············
Pennsylvania •• ···-···-·······-············
South Dakota..............................
Tennessee.·-····-············..............
Texas •• ·-·········-···-·-·-···-·-··········
Utah ..•••••••••••••• ·--····················
Virginia .. ·········-········ •• ·-············
Washington .•••••.•••••••••••••••••••••• -..
West Virginia .•.••••••• ·-·-................
Wisconsin ••••••••••••.•••••••••••••••• _....
Wyoming. ____ •••••••••··••••••••••••••.•••

=

~

$~: ~:

2,150,000.00
2,300,000.00
a, 376, 000. 00
13, M3, 921. 00

35

16

142,009,233.33
1, 700,000. 00
·38, 362,500.00
10,000.00
611,000.00
10,056,360. 00

6
3
26
3
4tl
3
27
1
3
16

13

670,000. 00
1, 620, 000. 00

4
lei

2,276,000.00

8
41

~

8
4

293
7ll

3
39
1

3

4
2
22

gg

8, 3:: :l: ~
1, l'Hl, 500. 00
171,700.00
215, 844,
405. 2ll
47,500.00
155,000.00
226, 000. 00

5
15

2,010,000.00
655, 000. 00
3,012, 500. 00

3

80, 000. 00

Amount•

panies I

2

4

~~«:.:i:lta:::::::::::::::::::::::::::::::::

Number of
banks and
trust com-

Amount

3
4
2
4
4
1
19

4
2

Ill
11
2
4
4
10

2

Total.. _. .. .. ...... .. .. .. .. ...... ....1-----1--------1-----1-ffl
295, 619, 219. 58
311

Sl, 295, cm. 00
1, 612, 126. 00
870,00).00
1,909,500.00
1, 475, Im. 00
9, 000, 321. 00
18,700.00
2, 033, CXXl. 00
581,250.00
81,470.03
20, 200, 378. 70
38, 750.00
26,143,858.33
1, 571, 500. 00
22, 272, :m 00
Cl,CXXl.00

84,250.00
8,510,029. 92
143,500.00

101, r.oo.oo
295,700.00
820,650.00
1, 720, 780. 00

99,900.00
297,00).00
2, 276, 900. 00
45,406. OCI

116, 723,451. 5t

NONKBKBBB'

Alabama ..•.•. . . . ... ..... .. ...... . ........ .

Arizona __ ___________ ______ - - - - -- - - - -- -- - - --

Arkansas . ..••........ .................. . .. .
California ..••.......• ...... ....... . ..... . ..
Colorado....•.•.. ... ............... .. ......
Connecticut .....•...•........ .... •• ...... . .
Delaware .•.•••............................
District of Columbia..............•.....•..
Florida •... ........................ . ........
Georgia .• .•.•.......... .. ... ...............
Idaho ..••..................................
Illinois .................••.•.........•......
Indiana .................. ...... .. .. .. ...•..
Iowa .. ... .. .. ....... ... . ... . . . . ... . .. ... . . .
Kansas . . .............. . ... •............ ....

f;~fs~~~L::::::::::::::::::::::::::::::::

Maine .... . ... .....•. .... . . ................
Maryland ......... ... •....... ... ......... ..
Massachusetts .••..........................
M ichigan .. . •. . ......•... .•...•........... .

g~~yic:::::::::::::::::::::::::::::::
Montana ...••••. •...•.....•.•••••.•..••....
Nebraska ......••.. .......•...•.•••.. ••. . ..
Nevada .. ••.••.•............•... •....•.....
New Hampshire ............. ....••.•......
New Jersey .....•.•.....•.•...•.••.•.. .....
New Mexico ....•............ . ... ..••......
New York ....•.•...•. . ... •. ....• . •• .• .•...
North Carolina ••............ . .....•..•....
North Dakota......... ... .... .....•• .......
Ohio ....•....... ..................•.•.•.•..
Oklahoma .......•. ........... •....•••.•. . ..
Oregon ........•.•....•..... . •..•• ...••••.•.
Pennsylvania . .......•.........••...•. ••••.
See footnotes at end of table.

40
1
84
64
21
23
7

4
25
62
11
77
219
87
145
78
q1
16
48
16
91
157
133
164
29
95
1
1
42
10
158
112
98
266
5

30
70

$1, 364, 675. 00
50,000.00
2,119,000.00
13, 102, 500. 00
645,000.00
3, 468, 700. 00
430, 000.00
800,000.00
571, 200. 00
1, 978, 000. 00
230,000.00
4, 821, 000. 00
7, 642, 750. 00
2, 630, 500. 00
2, 797,750. 00
3, 207, 500. 00
8,347,000.00
4, 365, 500. 00
4, 050, 000. 00
2,575,000.00
6, 700, 580. 00
3, 738, 000. 00
11, 660, 500. 00
3, 919, 000.00
912,000. 00
2, 518, 400. 00
30,000.00
100,000.00
22, 928, 175. 00
257,500.00
46, 953, 250. 00
3, 883, 500. 00
1, 604, 000. 00
19, 459, 000. 00
50,000.00
995,000.00
15, 260, 000. 00

Digitized by

34

$839, 129. 14-

32
18
22
6
4
24
53
10
50
189

8, 783, 500. 00

-------------------- -- -----72
1, 736, 820. 00

72
124
73
67
16
47
16
78
123
123
148
21
71
1
1
42
8
102
89
91
205
6
24

64

Google

496, 100.00
2, 654, 741. 83
186,600.00
753,000. 00
471, 191. Br
1,507,632. 1
195,900.00
2, 745, 2.10. oo,
6, 973, 9~. 00
1,958,900. 00
2,095, 144. 01
2, 984, 757. ro
2, 633, 430. 00
4, 144,757.58
3, 318, 437. ro
2, 201,410.00
5, 261,200.00
2, 169, 360. 90
5, 252, 107. 29
3, 078, 504. OS
411, 700.00
1, 021, 593. 46
25,000.00
100, 000.00
22, 279, 014. 57
223, 5i5.00
16, 975, 700.00
3,020, 9.37
1, 421, 500. 00
13, 481, 575. 00

44,500.00
806,975.00
14, 205, 851. 58

81

REPORT OF RECONSTRUCTION FINANCE CORPORATION

TABLB 8.-Loan, on and purchases of preferred stock, and purchases of capital notes
or debentures, of bank, and truat companies, disbursed from Mar. 9, 1933, to
Sept. SO, 1938, inclusive; and outstanding as of Sept. 30, 1938 (under ,ec. 304,
title III, of the act approved Mar. 9, 1933, as amended)-Continued
NONIIIIIIBER-Continued

Outstanding

Disbursed
State

Number of
banks and
trust companies

Rhode Island.····················-········
South Carolina.............................
South Dakota.. •...• ·-·············-········
Tennessee._.--·----·-......................
Texas.-·-·---······-····--·················
Utah·-···-----·--···-·-·-···-·-············

~~~ii~t:::::::::::::::::::::::::::::::::::
Washington •. •·······················-·····
tr:!o~!rt~::::::::::::::::::::::::::::::

Amount

1

I

$250,000.00
!, 266,800. 00
!, 329,000.00
4, 271, 550. 00
7,082,500.00
I, 050, 000. 00

2ll

88

92
234
20

1

Number or
banks and
trust companies l

8~
55
3~

It ug: i;;::
I, 314,500.00

1;; m: ~::

Amount•

I

$245,000.00
661,800.00
826,385.43
3, 966, 300. 00
4,933,935.68
419,600.00

27
72

88
181
15

:
43
Jt

lg:~~: J~: ~
642,075.00
1J: ~U: ~~::

Wyoming .• ·-·················-·-··········
10
585,000.00
9
529,900.00
Puerto Rico._ .•. ··························3
I, 250,000.00
2
450. 000. 00
Tota!__ .•...•.•••...•.....•.••••••••. l---3-,-62-7-l--2-63-,-06-7-,7-0-5-.OO-ll---3-,O,-!-l·l--1-80-,-,5-2-1,..,.7-60-.-05
Subscriptions for preferred stock of:
Export•Import Bank of Washington...
20,000,000.00
20,000,000.00
Second Export•Import Bank of Wash•
ington, D. C. ···-···- ·-······ ·····-·· 1_ _ _ _ _ _ _ _2_,_500_,_ooo_.00_+·-·_·_•._._._
•._._.•. _••_._·_··_·_·_·•_·_•_·._._._
••
1
3,012
Grand total._......................
3,629
285,567,705.00
200,521. 760. 05
1 After eliminating duplications. Such duplications arise in cases where the Corporation makes dis•
bursements to a bank or trust company under more than one of the classifications under sec. 304, title III,
ol the act approved Mar. 9, 1933, as amended.
• Amount outstanding includes repayments unallocated, pending advices, as of Sept. 30, 1938.
• Revised.
• Where changes in the status of banks have occurred between the date of authorization and Sept. 30,
1938 (for example, where a bank has changed from nonmember to State member), such banks are distribute<!
in the above table according to their status on Sept. 30, 1938.

9.-Loans authorized (and commitments outstanding as of Sept. 30, 1938)
to business enterprises, from Feb. te, 1932, to Sept. 30, 1938, inclusive, by size
of loans

- TABLE

-

[Includes loan.s and participations, and commitments outstanding, under sec. 5d of the Reconstruction
Finance Corporation Act, as amended; loans to borrowers engaged in the fishing industry under sec. 5
of the Reconstruction Finance Corporation Act, as amen<led; and loans to business enterprises through
banks and mortgage loan companies under sec. 5 of the Reconstruction Finance Corporation Act, as
amended]
Size of loans
$5,000 and under ... ···········-···-·········--···
$5,001 to $10,000, inclusive...•.••••.••.•••••••..•.
$10,001 to $25,000. inclusive.·················-····
$25,001 to $50,000, Inclusive .••••.• ·-··············
$.i0,001 to $100,000, inclusive .•.•••••.•.•.••••••••.
$100,001 to $200,000, inclusive •.••••••••.••••• ·--··
$200,001 to $500,000, inclusive.···•·-••············
$500,001 to $1,000,000, inclusive.-·······••·····••·
Over $1,000,000. ·····-·. ·--·-··· ··-··-··-···· ·-· •.
Total •. ·····-·-·-···-·-····················
1 The

Number of Percent of
loans
total
2,335
943
1,171
746
581

36.9
H.9
18.5
11.8
9.2
4.6
3.1
.6

2\JO

196
40
22
6,324

4
100.0

Percent of
tol,81

Amount au•
thori,ed

$4, 932, 707. 46

1.6

7,690,144.73
21., 484, 368. 02
2\l, 532, 488. 24
45, 195,014.35
43. 941, 579. 78
63, 838, i34. 00
31, 638, 629. 57
64. 003, 268. 65
312,259,934.80

2.4
0.9'
9.4
14. 6
14.1
20.4
10. 2
20.5
100.0

break down by types ol the above total amounts Is as follows:
Number of
loans

Under sec. 5d of the Reconstruction Finance Corporration Act, as
amended:
Loans (and participations) ...•.. ···•··························-·
Commitments outstanding as ol Rept. 30, 1938 ..... ·-·······•·•··
Under sec. 6 of the Reconstruction Finance Corporation Act, as
amended:
Loans to fishing indnstry •...•........•.... ·-········••···•···-··
Loans to business enterprises through banks and mortgBge loan
companies....-·····-·-·····-······-·-·················-·········
Total._ •• ···-···-·-·-••.• -·.··- __ •• -·-· •••••• -· __ -· .•.•..••••

Amount au•
thorized

6,093
27

$257,569,959.80
37, 200, 500. 00

27

809,700.00

177
16, .'i89, 775. 00
---,--,---i---,--..,.-,6,324

312, 259, 934. 80

117703-39-6

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82

REPORT OF RECONSTRUCTION FINANCE CORPORATION

10.-Number of businesa borrower, to which authorizatiom were made; and
amount, authorized, etc., from Fel,, e, 1932, to Sept. SO, 1938, inclurive, by industries

TABLE

[Includes loans Rnd participations, and commitments outstanding, under sec. lid of the Reconstruction
Finance Corporation Act, as amended; loans to borrowers engaged in the fishing Industry under sec. 5 ol
the Reconstruction Finance Corporation Act, as amended; and Joans to business ent.erpril!es through
banks and mortgage loan companies under sec. 5 ol the Reconstruction Finance Corporation Act, as
amended]

Industry

Amount authorNumber !zed (Including Amount with•
drawn or cancommitments
of borrowers 1 outstanding as or
celed
Sept. 30, 1938)

Manufacturing:
Food and kindred products:
--·---·--·--···.• __packing
products
Dairy and
____ ___ __
poultry
Meat
Canning, preserving, packing (fish,
fruit, vegetables) _________________
Bread and bakeries ________________
Flour milling ______________________
Confectionery ___ • __________________
Anlm~l feeds _______________________
lee, cold storage, etc ________________
All other-·------------------------Total, food products _____________
products:
their_______________________
andi:oods
Teztlles
Cotton
Cotton small wares ________________
Woolen
rayon goods _______________
Silk andgoods.----------"---------Knit goods, hosiery ________________
Dyeing and finishing _______________
Men's clothing and rurolshlnll:~-- -Women's clotblni: and furnishings_
~bolstering material, draperies ___
attresses and bedding ___ _________
All other___________________________

=

Total, paper and allied products.
Printing and allied products:
Book and Job printing______________
lithographing, etc ______
Engraving,
All other___________________________
printing and allied prod-• _
Total,
ucts __________________________
Chemical and allied products:
allied prod•
varnishes, •and
Paints,
• _. __
____________
ucts. ___________
Fntll!zers____________________ ----··
Cleaning and polishing materials ___
.A.II other ________________________ ·-prodand aUled
chemical
Total,
____ •
• __ • _.
•• _______
ucts ________

$591,400. 00
1, 440, 726. 29

$935,310.00
1, 660, 333. 65

133
51
69
37
89

8, 9/i8, 970. 16
1, 215, 621. 33
1,751,600.00
2,194,550.00
1, 673, 233. 33
630, 2"..5. 00
3, 020, 450. 00

1, 113, 41~. 00
633, 390. 00
696,750. 01
525,371.43
399,250. 00
357,025.00
1,042,000. 00

3,632,041.70
416,750.00
6:!0. 935. 71
978,250.00
867, 5112. Z3
149,200.00
1, 119,609. JO

• 617

26,623,507.72

6, 699, 327. 73

10, 379, 992. 49

54
18
42
36
95
28
69
10
18
M

9, 990, 390. 30
786,900.00
10, 972, 385. 72
6, 784, 000. 00
6, 2G.5, 900. 00
7, 359, 350. 00
2, 384, 650. 00
826, 97.5. 00
r,95, 500. 00
1, 771, 400. 00
3, 782, 525. 00

2, 402, 542. 26
293, 000. 00
3, 408, 735. 71
1,973,m.ro
1,Ml,911.69
2, 828, 500. 00
727,250.00
232,175. 00
36,029. 35
64,000.00
1, 046, 916. 67

6, 627, 000. 28
81. 000.00
7, 226, coo. 00
4, 400, 507. 50
2, H5, 1l 5. 22
4, 355, 250. 00
851, 51i'J. 32
a93, 821.81
200. 000.00
166,900.00
1, 223, i39. 09

4i5

51, 819, 9i6. 02

14, 555, 053. 18

27, 270. 96.1.19

159
125

146
19
28
23

1/i, 309,200.00
6, 831,900.00
2, 143, 450. 00
7, i85, 503. 81
606,200.00
1, 138, 906. 67
712,700.00

2, 776, 205. 78
2,111,073.10
737, 5/i0.00
2, 411, 464. 75
349,200.00
563, 000. 00
160,500.00

8, 892, 624. 23
3, 504. 276. 70
1,077, lf,O. 00
4, 003, 173. 82
175,200.00
524,416.67
176,941.15

M4

34, 527, 950. 48

9, 108, 993. 63

18, 353, 782. 57

28
60

2,819, 349. 98
20, 763, 850. 00

137,000. 00
2, 648, 633. 77

136,219. 98
7,637,537.21

88

23, 583, 199. 98

2, 785, 633. 77

7, 773, 7'ttl 19

123
37

2, 188, 110. 00
1, 172. 200. 00
536,950.00

685,461.66
961,000.00
71,375.00

1,071,825.25
132. i50. 00
309,725.00

183

3, 897, 260. 00

1,617,836.66

1, 514, 300. 25

32
22
11
68

1,366,750.00
1, 152, 800. 00
150,000.00
8, 845, 857. 84

208,328. 99
113,558. 77
28,000. 00
417,598. 83

794,071.01
840. 541.23
91. 500. 00
l, 195,480. 71

133

11, 515, 407. 84

767,486. 69

2, 921. 592. 95

44

prodtimber
and• ___
Total,
• _. _
• _______
__________
ucts •.lumber
Paper and ellled products:
Containers (bo~es. etc.) ____________
All other___________________________

$2, 661,660.00
4, fJZT, 237. 90

60

Total, textile products ___________
prOducts:
timber
Lumber
• ______________________
her ____
Lum and
Furniture __________________________
Wooden containers _________________
Mlllwork, sash, doors, etc __________
Cooperage, and cooperage stock. ___
Wooden turned products___________
All other__ _________________________

73
91

48
26

=

=
=

.A.mount dbbursed

23

Bee footnotes at end of table.

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83

REPORT OF RECONSTRt:CTION FINANCE CORPORATION

10.-Number of bu&i1tess borrower, to which authorization, were made; and
amount, a1,thorized, etc., from Feb. I, 1981, to Sept. SO, 1988, inclusive, by industriea-Continued

TABLJI

Indust.ry

Manufacturing-Continued.
Ruhber products, total.................
Leather and its m1mnfactures:
Tanning and finishing..............
Leather goods (luggage, handbags,
etc.) .. .. . ..................... ...
Boots and shoes....................
All other...........................
Total, leather mtlllufactures......
Stone, clay, and gla.ss products:
Stone, granite, slate, etc............
Sand, gravel. . . . ...................
Jlrick and tile, etc..................
Concrete products..................
Limestone products................
Glass products.....................
Pottery............................
All other...........................
Tota), stone, clay, and glass
products.......................
Iron, steel. and their products (exclud•
lnir machinery) :
Foundry products (castings, forg•
ings, etc.) .. . . . . . . . . . . . . . . . . . . . . . .
Structural and ornamental iron and

steel..............................

Pipe and fittings.................. .
Stoves, ranges, furnaces........... .
Hardware, plumbing, and supplies.
All otber .••••••••••.•••••••••••.•..
Total, Iron and steel and produ~

Nonferrous metals and their products:

Mctol alloys and products (brass,
bron1,e, etc.) ....•••••••.••.••••...
M•tal stnmpings, stnmped and
enamelware .•.•.••••.•.•.•.•••...
Electroplatlng, metal lamps and
fixtures, etc .• --·---------·---- .. -

.All other••••••••••••••••••••••••...

Tota), nonferrous metals and
tbeir products..................
Machinery (excluding transportation
equipment) :
Agricultural Implements...........
Electrical machinery, apparatus,
and supplies.....................
General machinery and equipment.
Machine tool~......................
Pumll!' and pumping equipment..
Household appliances..............
Alr·oonditionlng equipment........
All otber ••••••.•.••.•.••••.••••.•..
Total, machinery................
Transportation equipment (automobile
accessories. etc.), total.. ••••••.•.•••..
Wholesale and retall trade:
Wholesale trade :
Food products.....................
TI9rdware,palnts, etc..............
Oll and gas, automobile accessories,
etc...............................
Ora In and feed, fuel, lee, etc.......
Building materials.................
.All other. ..........................
Total, wholesale trade............

See footnotes at end of table.

Amount authorNumher ized (lndwling Amount with•
commitments
or bor•
drawn or can•
rowers 1 out~tanding as of
oeled
Sept. 30, 1938)

Amount dlsbU£sed

24

$,, 029, 250. 00

$735,437. 80

$953,212.60

12

471,000.00

Ql,000.00

376,000.00

11

889. 000. 00
2,673,500. 00
318,395. 32

406. 000. 00

442. 000. 00
1, OW, 068. 06
273,545.33

31
17

l, 407. 431. 94
II, 950. 00

----~-------+------1------2,190.613. 38
I. 916,381.94
4,351.895. 32
71

===l======l=====r=====
51
20
75
17
20
22
21
28

834. 400. 00
2,281, 71',(). 00
1,021,600.00
1, C.50, 600. 00
I, 679, 000. 00

776,800. 67
207,480. 96
2, 184,942.34
43;, 500. 00
727,040.00
347. 915. 73
229, 715. Oil
616,800.00

17,393,036.51

5,528, 194. 79

9,536,082.17

2, 322, 825. 00
I, 151,700.00
5, 5f,I, 071. 51

1,370,007.17
837. 749. 29

2, 828, 410. 13

124. 050. 00
l, 358. 960. 00
I, 279, 894. 00
l, 213,551.58
623,460.00

,----1-------1-------~-----254

=l=======l======I=======64

6, 962, 850. 00

1, 249, 927. 98

8, 183,422. 02

60

4,047,600. 00
I, 705. 450. 00
4,501, 100. 00
2,525,715.00
4,836.983. 34

2, 130,335.00
689,300. 00
749. 922. 16
471,712. 03
l, 316,200. 00

1,506,315.00
l, 002. 950. f.0
2,081, 761. 6Q
985. 642. 97
3, 142.283. 34

14

35
35
37

----1-------t-------~-----11,902,374.93
6,607.397. 17
23,579,698.34
245
=1=======1======11======48

2, 314, 350. 00

857,342.00

Q55, 1118.00

42

2, 930, 950. 00

954,739.73

1, 760, 971. 62

14
43

197,550.00
2, 716, 700. 00

02, 450. 00
941,472.32

81,900.00
l,~.500. 00

147

8. t.~9. 550. 00

2,846,004.05

4,056,529. 62

----1-------1·------~------

=1=======1======11=====H

l, 075, 500. 00

765, <Y.!5. 00

164,975. 00

57
64
45
12
10
13
54

3, 0'.14, 930. 00
2, 5~4. 67~. 58
1, 4~6. 350. 00
773. ooo. oo
2,346.250. 00
l, 427. 500. 00
5, 5/iQ, F.73. 43

1,093.900. 00
i70. 911. 25
485,898.93
12a, oon. oo
1,170.000. 00
745,223.12
I, 761,603.33

1,367,852. ~
l, 208,384.63
617. 601. 07
491. 387. 14
1, I JG, 250. 00
638, 77fl. 38
2. 236,674. 28

----1·-------r-------~-----7,831,900.83
6,915, 5fi2. 13
18, ~7. 782. 01
269

===l======l=====I,====
5,568,717.86

85

9, t77, 625. 00

1, 833, 781. 86

91
30

8,404, 02.~. 00
776,800.00

738, 778. ~•
144,112.82

668,221. 49
395,187.18

67
42
35
60

1, 118. 600. oo
1. 07!!, ,'>33. 29
1. 005. ono. 00
l, 021, o;;o. oo

422, nso. oo
170, ,38. 91
303,479.00
324, 000. oo

3.'13. 200. oo
659. 993. 29
422,021.00 .
410, 736. oo

===d======ll=====d======

----~-------1-------~-----2. 939. 3.',S, 96
2, 109,159.24
13,467,008.29
315

=l=======l======I======-

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84

REPORT OF RECONSTRUCTION FINANCE CORPORATION

10.-Number of businesa borrowers to which authorizations were made; and
amount, authorized, etc., from Feb. 2, 1982, to Sept. 80, 1988, inclusiv11, by industries-Continued

TABLE

Amount authorNumber !zed (including Amount withcommitments
of bordrawn or canrowers 1 outstanding as of
oeled
Sept. 30, 1938)

Industry

Wholesale and retail trade-Coutinued.
Retail trade:
Food products __________ ···-------Hardware, paints, etc ______________
Department stores. _______________ .
General stores ______________________
Drug stores .... _________ . _______ ....
Automobile s.ales, service stations __
Groin and feed, fuel, ice, etc________
Building materials.--·-··---------Furniture __ ........ ___ ..•• __ ... ___ .
Apparel stores _________________ . ___ .
All other ___________________ ........

'rl
61
37
110
71
47
31
60
106

3, 'n4, 125. 00
308,055.00
118,600.00
681,505.69
1, 169, 052. 60
728,955.00
540,243.74
490,880.00
1, 490, 062. 86

$61,750.00
75,100.00
91,000.00
57,780.00
44,200.00
163,215.35
237,220.00
105.800.00
203,900.00
36,580.00
143,900.00

$242, 460. 00

62

38

305,350.20

Amount disbursed

$74,269.98

56,550.00
3, !KO, 000. 00
131,000.00

34,524.211
248,488.20
675,450.00
212,600.00
114,600.00
137, 8841. 00
511, 551.IIO

Total, retail trade_ .•..•.. ___ ... _.

650

9, 3.50, 189. 99

1, 220, 445. 35

5,237,014. "ST

All other:
Mining:•
Co~I..
----·-----··-··· ________ .. __
All
other
___________________________

61
23

9, 533, 865. 52
3, 205, 850. 00

3, 388, 399. 11
1, 213, 200. 00

3, 538, 764. 86

Total, mining ____________________
Laundries, dry cleaning, total. _________

A4
101

12, 739, 715. 52
1,541,0M.40

4, 601, 599. h
223,966.47

5, 2613, 384. 57

Contracting, etc., total. ________________

82

2. 582, 300. 00

783,296.22

1, 114, 043. i8

Tobacco manufacturing, total. ____ . ____

12

284,300.00

33,000.00

82,000.00

processing,
Fur
manufacturing
and
total.
________________
. __________
... _.
Grain elevators and storage, total. _____

=

Cotton warehousing, compressing, etc.,
total.. ______ . _______ .. __ ... _. _______ .
Not classified, total..····-···-------- ..
Grand total. _______________________ ..

1, 7'n, 619. 71

940,093.45

18

234,600.00

52,000.00

152,584. O'l

16

664,550.00

275,000.00

81,800.00

9

346,550.00

212,400.00

84,500.00

• 1,000

• 36, 033, 527. 38

3, 378, 970. 89

6, 512, 763. 09

5,422

312, 259,934.80

74,806,928.28

132, 694, 392. 12

1 Number of borrowers repre~ents the number of applicants to whom loans have been authorized or
commitmentn made.
• Excludes minin~ loans authorized under sec. 14 of the set approved Iune 19, 1934, as amended.
• Includes 716 fruit growers located in certain areas In Washington.
• Revised.

TABLE 11
PART I. LOANS ON SELF-LIQUIDATING PROJECTS BY TYPES OF PROIECT (FROM
IULY 21, 1932, TO SEPT. 30, 1938, INCLUSIVE)
[Under sec. 201 (a), title II, of the Emergency Relief and Construction Act of 1932, as amended]
BRIDGES
Number Numherol Amount authorof loans
ized
authorized borrowers
Public ___________________
Private __________________
TotaJ ______________

9
5

$99, 049, 579. 80
1, 729, 930. 78

$3, 267, 000. 00
415,000.00

$92, 562, 850. 95
1, 314, 930. 78

16

14

100, 779, 510. 58

3, 682, 000. 00

93, 877, 78L 73

91

91

------------1

:I :I

I

n

I

s1, 708, ooo. oo

$325. 000. 00
I, 793,691. 4i

I

$50,000.00
1, 100, 000. 00

$VS. 000. 00

1, 150, 000. 00

968,59U7

$3, oa1. 155.

DOCKS AND TERMINALS
Public
Private_______
____ -----· .• -----Total ______________

Amcunt disbursed

11
5

COLLEGE BUILDINGS
Public_____________ ------1

Amount withdrawn or
canceled

2,118,691.47

Digitized by

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$1,323, 15.5. 71

693,69U7

85

REPORT OF RECONSTRUCTION FINANCE CORPORATION

11-Continued

TABLE

DRJ.INAGE AND IRRIGATION
Number
of loans
authorized

Amount with•

Number of Amount author•
borrowers
iaed

Amount dis·
bursed

drawn or
canceled

Public..••••.•••.....•...
Private •••••• ······-·····

14
3

10
3

$10,214,000.00
1, 330, 000. 00

$2, 308, 400. 00
455,000.00

$7, 0.'10, 600. 00
875,000.00

Total. ... ·-·······-

17

13

11, 544, 000. 00

2, 763, 400. 00

7, 905, 600. 00

HOUSING (Low-COST)
Private .•.•.•• ·-·-···---

-I

3

I

I

oo

I

$3. 973, ooo. oo

$2. 215. 915. 38

I

$1,441,307.571

I

$1. 764,694.37

I

$22, 001, 270. 00

I

$53. ooo. oo

I

$3,853, 500. 00

I

$1,097,300. oo

I

$937, 000. 00

$227,939,859.851
569,340.00

$9. 087. 374. 00
434,140.00

I

228, 509, 199. 85

9,521,514.00

I

3

s12. 187. ooo.

$8, 214, 000. 00

MARKETS
Private----······-······-1

91

91

$774, 607. 81

POWER
Public .••.•...• ·-·-·····-1

5

I

ol

$24. 665. 964. 37

PUIILIC AND SEMIPUBLIC BUILDINGS
Public.••••.•• ···--·····.,

61

$3. 906. 500. oo

61

SEWERS
• Public•••.••.•••••.••.•.• ,

Public._ •••••••••.•......
Private •••••. -· .•........

--

I

Total .•......•.....

12

13
01

I

I

104

12

I

$2. 034, 300. oo

WATERWORKS I

I

13
81

94

$166,225,485.85
135,200.00
166,360,685.85

ALL OTHER

Public•••••.•.•••...•.• _· 1
_ Private .•••••.•.•...•.•• _
·

TotaL ••••••.••.• _

!I

:I

$4. 614. 000. 00
4, 486, 250. 00
9,100,250.00

I /!:: ~~l: ~ I· · ·!~'.~~~'.~~:~
4, G8i, 027. 20

4,413,222.80

TOTAL, PART I

_.l

Puhlic..•..••.•....•...
Private.•.•.....•••.• ····

TotaL .••..•...•..

37
1551

1391
37

192

176

$375, 780, 3.59. 731
24,312, 127. 63

$19,536,545.571
12,304,697.57

400, 092, 487. 36

31,841,243. 14

$299,522,085.31
12,007,430. 0G

------311,529,515.37

. PART II. LOANS TO PUBLIC AGENCIES TO AID IN FINANCING PROJECTS AUTHOR·
!ZED UNDER FEDERAL, STATE, OR MUNICIPAL LAW, BY TYPES OR PROJECT
(FROM APR. 13, 1938, TO SEPT. 30, 1938, INCLUSIVE)
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Number of

Type

loans au•
thorized

6
6
4

..,
_,,

13
12
8
2
12
4
Total, p!ll't II. •••.•.•...•.••• -.•..•......

67

Amount au•
thorized

Amount with· Amount dis·
~~~~~ed
bursed

$8, 89i, 000. 00
2, 9;,9, 000. 00
8, 066, 000. 00 -·-··-···-··-· $2,000,000.00
3,428,991.81 ---· --·-····-- 2,426,991.81
3, 140, 000. 00
2, 335, 000. 00
$337,000.00 -·-----------374,500.00 -----··-···-··
161,000.00
877,000.00
11,064,000.00
• 41, 141,491.81

337, 000. 00

1
Including water districts.
1 In addition, conditional agreements

4, 587, 991. 81

to make loans, upon the performance of specified conditions,
.,,, OUl.ltanding in the amount of $42,050,000 at the close of tlept. 30, 1938.

Digitized by

were

Google

86

REPORT OF RECONSTRUCTION FINANCE CORPORATION

12.-Number of borrower11 and amount11 of loans authorized under sic. 6~
the Reconstruction Finance Corporation Act, as amended, 1 from Feb. B, 198£, 14
Sept. 30, 1938, inclusive, by size of cities or towns .

TABLE

BANKS AND TRUST COMPANIES

Borrowers
Population of cities or towns In which borrowers are
located

Under 5,000. _______ --------- --- _____ ------- -----------5,000
_----------------------------------------10,0COtoto9,999.
24,999.
_______________________________________ _
25,000 to 49,999 _____________________ ·-----------------50,000 to 99,999 __ --------------------------------------100,000 to 199.999_ -------------------------------------200,000 to 499,999 ___ -----------------------------------500,000 to 99\J,999_ ------------------------------- ______ _
1,000,000 and over-------------------------------------Total ___________________________________________ _

AuthoriiatiOll!

Number

Percent
of total

5,142
501

145
188

70.0
8.0
7. 4
3. 5
2. 9
2.3
I. 4
2.0
2.5

7,340

100.0

542

254
212
166
106

P!r!!nl
oltotal

Amount

I

$,330, 393, 000. 15
129,081,413.50
196,164,053.17
147, 193, 11.\.41
288, 555, 340. 35
227, 313, 845. 90
252,750,811.17
I 410,909,813.07
471, 858,426.51

IL!

2, 454, 219, 828, 83

100.0

115
I.I

i.0

u
u

IO.I
IU

Ii.I

TOTAL, SEC. 5 OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS
AMENDED•
Under 5,000 __ ------ __________ ---- ------ ______________ _
5,000 to 9,904 ____ ------- -- ------------- . -------- -- ----- _
11 ,.000 to 24, 999 _________________ --- -------- ------- -----.
25,000 to 49,999 __________________
50,000 to 99,999. _--------------------------------------100,000 to 499,999
199,999_______________________________________
--------------------------------------_
200.000
500,000 to 999,999 _____________________________________ _
1,000,000 and over _______________ -----------------------

-----J----------------

Total ___________________________________________ _

5,457
702
748
427
391
287
372
319
311

60.6
7.8

8.3
•. 7
•. 3
3.2
4. 1
3.5
3. 5

$367, 181,316.88
141,812,626.92
231,384, 46,5. 95
186, 033, 073. 52
360,059,084.84
291,412,4.17.06
392, 743,513.81
I 605, 733, 135. 85
682,559,378.85

----•----•--9,014
100. 0 13,258,919,053.68

Ill

u

i.l

1.1
ILi

u

111
\II

:Ill

llllO

1 Exclusive of The RFC Mort!!age Co., Federal National Mortgage Association, railroads, regtoo!l IC!icultural credit corporations, Federal land banks, and Federal intermediate credit banks.
• Revised,

13.-Names and compensation of directors, officers, and employee8 of If.I
Reconstruction Finance Corporation receiving from the Corporation more Uia~
$400 per month, as of Sept. 30, 1938

TABLE

W ABBINGTON OFFICE

Title

Name

Salatrll«
mooui

-----------------1----------------,-

1ones, Jesse H__ __ ___ __________________________ Chairman __________________________________ _
Henderson, Charles B _________________________ Director____________________________________ _
Klossner, Howard J ________________________________ do ______________________________________ _
Merriam, C. B _____________________________________ do ______________________________________ _
Schram, Emil. ________________________________ .. ___ do ______________________________________ _
Talley, Lynn P ___ ---------------------------- Assistant to the directors___________________ _
Cooksey, George R____ ________________________ Secretary ___________________________________ _
Mulligan, H. A________________________________ Treasurer _____ -----------------------------Hamilton, Claude E., Jr _______________________ General counsel_ ___________________________ _
Clay, Cassius M ______________________________ Assistant general counsel_ __________________ _
Dougherty, J. L ____ --------------------------- _____ do ______________________________________ _
Durr, C. J__________________________________________ do ______________________________________ _
Snodgrass, Russell L _______________________________ do _______________________________ ----Corcoran. Thomas G ____ __ ____________ ________ Special counsel_ ____________________________ _
Fitts. William
_______________ ------------- _____
.. doauditor
_____ ------------------------------Lindquist,
R. J_C_______________________________
Chief
_____________________________ Barriger, J. W., III_ ___________________________ Chief examiner, Railroad Division _________ _
Brownell, R. A ________________________________ Chief, Agency Division ____________________ _
Husbands, Sam ___ ---------------------------- Chief, Examining Division _____________ _
Murchison, Frank M__________________________ Special representative ______________________ _
Hamilton, T. A _______________________________ Special examiner ______________________ _
Taylor, R. J.__________________________________ Assistant chief, Agency Division ___________ _
McGrath, M. J. _______________________________ Assistant chief, Examining Division____ _
Herson, James F ______________________________ Administrative assistant ______________ _
Costello, W. c ________________________________ Assistant to the chairman_____________
Grimn, D. B __________________________________ Assistant treasurer ___________________ _
Sullivan, William w __________________________ Examiner ___________________________ _
1

On leave of absence without pay.

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REPORT OF RECONS'.rRUCTION FINANCE CORPORATION

87

13.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Sept. 30, 1938-Continued

TABLE

W ASHINOTON OFFICE-Continued
Salary per
month

Title

Na.me

Thralls, Jerome_............................... Special representative_ .••••••••••••••••••••.
Satterfield, W.R.............................. Assistant general counsel.. ...•••....••..•••.
Johnson, W. J. ..•••....•.•.••••...••••.•.•••.. Assistant chief, Examining Division .•..•••..
Ribenack, W. C ••.•..•.•.•...•.•••••••.•••••...•... do •..•.••••.•.••••••••••••••••••••••.••..
Stroud, W. "'·······························•·· ..... do ............•.............••••••••..•..
Macartney, Morton ..••.••••.•••••.•••••••.... Chief. Relf·Liquidating Division .. - ........ .
Keenan, Frank J.............................. Chief, Drainage, Levee, and Irrigation Dlvi·
sion.
Wright, Charles M............................ Counsel. ...•.•.•••••••..•.••••.•..•••••••••.
Coleman, John F ............................ _. Engineer adviser .....•.•..•..••...•••••••••.
Allen, Ronald H ... ·························-· Assistant secretary ..••.•.•.•.•...•.••••••••.
Kuehl, Frank W. .•..•••.•.•.•.•.•.•..•..•.•.. Counsel ....... ·-····························
Grantham, J. P.. ............................. Assistant chief auditor .••••...•..•.••••••••.
Hobson, AHred T ___ __________________________ Assistant secretary---------------······----8ullivan, Harry L _____________________________ Assistant treasurer _________________________ _
Sha,er, Clem ...•.•.•••.•...••••••.••.••••••... Special assistant to the directors ••..••••••.••
Kelley, Jerome T .....•.•••••.•.•••••.••••••••. Assistant treasurer .•.•.••..••..••..••••••••.
Unzicker, Willard E ..••••.••...•••....•••..•....... do ...•... _..•...........•.......••.•.•••.
Cbadduck, Harry W .....•.................... Administrative assistant. ..•.•.....•.•.••••.
Parks, Thomas E .•..•••.•••••.••.••.••.•.•••...... do ......•.•............ ·-·····'····---···
Elliott, David C. •••••••.••••••••...•••.•..... Chief, Statistical and Economic Division ....
Berrett, R. W ..•.••.••.•.••••••.•..••..•...... Examiner in charge, DLC Section, Examin·
ing Division.
Persons, Henry z_____ .,.______ ______ ____ __ _____ _ Exan1iner _____ ----------------------------- _
Ronan, Frank T ... ··························- .... _do .•. ·-·········· .. ········-·············
Dodds, Chauncey Y ........................... Chief examiner, Drainage, Levee, and Irriga•
tion Didsion.
Heath, Ferry K. .............................. Bond analyst •••••••••.•.•••••.•.•.•.••••••.
\\'atson, William P ............................ Examiner ...................•..•.•.•...•••.•
Drager, Walter L .....•.•.•.•..•..••.•••••••.•. Chief. Engineering Section .•..•..•...••••••.
Young, R. D.................................. Administrative assistant.·············-·····
Strong, Albert L ••••••••.•.•.•...•••...•...... Special assistant, Drainage, Levee, and Irri·
gation Division.
Greer, Frank H. ••••.•.••.••••••••••••••••.•.. Special representative •••••••••••••••••••••..
Gale, George J ...•...••.••....••...•.••••.•••.. Counsel. ...•••.••••••.•..••••••••••.•.......
Stansfield, Edgar A ........................... ..... do .......••••.•••••••••••...•••••.•..•...
Sta!Tord, Bayard C •..•.•.•.•.••••••••••••••• _. Examiner •••••••••..••••.•••.•••.•••.•...•..
Rossman, Richard .••.•.•.•.......•••.•..•..•..... _.do .... - ..............•.•....•.......•... _
Norton, John E ..•.•••.••.••.....•.....•••••.. Chief, Mining Section .................••••..
Stein, Eriward T. .•.•••.•••.••••...•.......... Acting chief, Bond Service Section .••••••....
Davis, Thomas H . . ___ ------------------------- Examiner----------------------------------Johnson, L "·-····················-·········· ..... do ...........•........•...•.•.••...••••• _
Knarr, M. W ....••.•••••••.•••••..•• - .••.•••.. Assistant to the secretary •••••..••.•••.•••..
Shepard, Guy B............................... Administrative assistant. ..••.•.•.•••.•.•••.
Beck, W. C., Jr._............................. Chief accountant ...•...•...•.....•.••.••••••
Armistead, Rohert P .......................... Examiner.················-·················
Boggs, Verner .. _•....•..•.•..•..•.....•••••••... -·.do .......•...•.•........••...........•.•.
Clayton, Laurance J ................................ do ...••••...•••••.••..••.....•..•....••..
Cloninger, C. W ................................... _do ...•••..•••••••••••.••••.•.........•••.
Dickinson, R. 0 .....••...........•.•............... do .•.•.•...••••••••...•••...••...........
Griffin, Charles N ................................ __ do .•••.•.•.•••••••••.•.•...•••••....•...
Howarri, Ernest B ..........•.•..•••••••••..••..•••. do ..••..•••••••••••••••••..••••••.....•..

t~;t~~f.{t

:::JL:::::::::::::::::::::::::::::::::::::

:owell::::::. ::::::::::::::::::
Merritt, Arthur B............................. Administrative assistant. •..•••.•••••••.••..

~:itt;:~1'.t:·;·························· :

Exnri°er.••••.•.•••••••...••.••••••••••••• _

f

Healey, Geo. W ...••••••••••••••.••••.••.••••. Special representative .••••...•••.•••.•••••••
fir!~~ii~PW1 1.. •................... -.... : E x , t r ••••••·••••••••••·••·••·•••·•·••••·
Gait, Alexander B ..•.•••••••••••....••••••• - •• Assistant secretary ..••.•••••.• _...••••..••••
Kannee, Henry M............................. Liaison representative .•............••.....••
Lescallett, George A........................... Chief, Authorization.Cancelation Section.•.•

Digitized by

$750. 00
750. 00
708. 33
708. 33
708. 33
708. 33
708. 33
708. 33
708. 33
666. 67
666. 67
650. 00
641. 67
633. 33
625. 00
625. 00
625. 00
625. 00
625. 00
625. 00
625.00
625. 00
625. 00
625. 00
625. 00
604. 17
600. 00
600. 00
600. 00
583. 33
583. 33
583. 33
583. 33
566. 67
566.67
566. 67
562. 50
562. 50
541.67
541. 67
541.07
541. 67
541.67
541.67
541. 67
541. 67
541.67
541. 67
541. 67
541. 67
541.67
541.67
541.67
541.67
541.67
541.67
541. 67
541. 67
541.67
541. 67
541.67
541. 67
541.67
5tl. 67
541.67
541.67
541.67
541. 67
533. 33
525. 00
525. 00
520.83
500. 00
500. 00

500.00

Google

88

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-NameB and compemation of directorB, ojficerB, and employee, of thl
Reconstruction Finanee Corporation receiving from the COTporation more tlian
$400 per month, as of Sept. SO, 1998-Continued

TABLE

W ABHINGTON OFFICE-Continued
Name

Salary per
month

Title

Farrell, Edward A •...•..•••...•..••...•.....• Rupervlsing accountant •••..............•...
Roper, James H .....••...•.......•..•..•...... Supervising englnaer ..........•.....••......
Rait, Donald M............................... Engineering examiner...•.•••...•...••..••..
Henry, Heber................................. Counsel. ...•••.•••••...••••••..•.•••••......
Holland, Bernard P., Jr ....................... ..... do ...•••.•..••.•..•••..••.•..•••••.••....
Sandlin, John N ....•.....•....•....•...•........... do ...•...•.••.•.•••..•••...••..•....•.•..
Wolford, Albert M ..••...••..•.......•.•........... do .••.•..•.••.•...•.•••.•••..••..•.••.•••
Coombs, J. Wendell. .•...••...........•....... Examiner •.•.•.•••.•.....••.••..•....•.•••..
Estes, George L ••....•...........•.........•....... do ....•.......•.•.•.•...• ·······-········
Giddings, William C ............•.................. do ...•.......••..••••••••••..•••....••. :.
House, Perry B •••.•.......................•....... do .•.••••.•....•...•••...••..••..........
Luce, George P ......••.............••.............. do .•.••...•.•••.........•..•...•.....•...
Mack, Bryan .....................................•. do .•••....•.•.•.•...•••••............•..•
Stewart, Adelbert T ...••.••..••..•.....•.......•••. do ..••..•.........••••.......•..•.•.•....
'I'igrett, A. K ...............•••.•................•.• do •..••............•..... ········-·······
Joyce, Walter E. .. ..•. •.• .•••••• .. ..... •...... Administrative assistant •• ··········-·······
Halsted, J. Donald •....·..•.•..••••.•••••.••... Special assistant, Statistical and Economic
Division.

~~~~~w~~::~~·~·==:::::::::::::::::::::::::
b"~retJl:rt~~.~~~r_-.::::::::::::::::::::::::
Goodale, Robert C .•..•...••..•......... ...... ConnseL.· ••.••••••••..•••.•.•...•...•......

Henrich, William A ........................... Examiner •••.•••.•••.•...••.•.•... ·-········
Hoover, James O.....•......•...••.•...•.•......... do ..•.•.•.•••.•..•..••..•......•.........
Burton, Roy E .....•.•.•.....•••.•....•..••... Engineering examiner ..••• ·-·····-··········

~t!~~~~ewuN:::i
~eade:Jr:::::::::::::::::: ~~~~;.:i~~:::::::::::::::::::::::::::::::::::
Hobbs, William J •...•....•..•.......•...•.•....•.. do .•••....•.•.•••.....•.•....••••••......

Hutchinson, A. 8 •••.....................•••........ do ••••.••••.........•• ··-·· ....•....•.•..
Stoner, George B .••.•......••.•...•.•.••••.•....... do .•••.............•. ···········-········
Bladen, W. H ..•...•.•.•...•.........••..•.... Supervising accountant •••••....•.••••......
Ward, Peter C ..•...........•..........•...... Administrative assistant •••••••••••••••••...
Yeager, William B... •...•.••...••••.. ......•. Examiner •.•••••.••••••••••••••••••••..••••.
Bassett, Albert E ..••..•..••...••••••••••....•...... do ••••.•...••••••••••••••••••••••.••••...
Burrowes, Alfred D •••••••••.••••••..•••.••......•. do ••••••••••.•••••••••...•.•.••••.....••.
Dawson, Donald S.••••••••••••••••••••.•.••..••.•. do ••••••••••••••••••••.•••.•••••..••.••••
MitchPII, Robert A ............................ ..... do ..••••••• ··········-·-········--·······
Reed, W. O .......••••••.••••••..••.••••.......•.•. do .• ···············-·-·······-··-· .••..•.
Rol!'ers, Hatton B .••.••.••.••••••••••••••.••••.•••. do .•.•••••••••••.•.••••••••••••••.•••••••
Rutfand, Herbert R ..••.....••••.•••.•..••••••••.•. do .•..•••••.••••••.•.•.••••••••••••••••..
Snyder, T. R ...•..•...••..•..••••...••••••.••..•••. do •..•.•••••.•••.•...•••••••••••••••••••.
,vmett, William E •.•....•.••.•.•...•...•••.••.••.. do ..•.•••••...•..••..••••••••••••••••••••
Williams, John F ..........••..•...•....•••......... do ..•.••......•..•..•••••••••••••••••••••
Collins, James H ......•...•.....•.•....•...... Administrative assistant •••..••••••••.••••••
Greely, Adolphus W., Jr ...................... Engineering examiner••••••••.•••.•.••.•••..
Strom, L. H .....••.....•.••.....•....•••...•...••. do ..••..•••••..••.••••••••••..••.....•..•.
Luther, Forrest................................ Appraiser .••••.....••.••••..•.•••••.....••..
Mash burn, L. W •... •.•••••••••••.• .•.••.•..•. Engineer-appraiser••• ··············-········
Worthinp:ton, L. R....•......•..•••••.•••........... do ...•..••.•••...•••••.•..••.....•••.•..•
Warren, Frederick H ...••.•.••••.••••••••••.•. Engineering examiner •.•..•..••..••....••••.
Ellsworth, Geori:P C.................. .••••. •• . Counsel. ••••...••••••.•.•.•.••..••.•••.•..•.
Alexander, Hamilton.......................... Examiner .•.•.•••.••••••••••.•••••.•.•.••••.
Hub bard, S. A ..•.....•.••.•..••..••••••••.•••...•. do ....••.•.••.••...•.•••••...••.•.•..•...
Chase, John H ••.••.....•••••.•••••.•••••.•••. Assistant chief, Statistical and Economic
Division,
Berl!'strom, Raymond A....................... Examiner.················-·········-·······
Maroney, W. H ..........•..•••••••.•.•.••..••..... do ..••.•.......•••.•.•••••••••.•.•••••••.
Bailey, Lawrence M........................... Field representative••••.••••••••••.••••••••.
MPt,, Elmer E.. .•...•..••••••• ••••• ••••.•.•.. Counsel. ......•.•.•.••••••••••••••••••••••.•
11:fcti~~sing engineer ..•••••••••••••••••••.••
Murphy, D. F .••••..•...•.•.•.........•••.••...•.• do .•.•.••••••••••••••.••.•.•••••••••.•.•.
Respess, John R .•••.•..•.....•••..•.•.••....•...... do ..•.••••••••••••••...•.•.•••••••.•..•••
Stroberl!', IT. R ..••••.••...•..........••............ do ....................................... .
Easley, Robert J.. .............•........•..•.. Appraiser •.•••....•..•...•...••...•.....•...
Braverman, A. Marvin........................ Counsel.. •.•........••..•.•••••••..•..•....•
Brown, Alan B ..........•.••.••••••..•..•.•....•.•. do ...••.•........••..••••••••......•.....
Campbell, J. Bowers .•.....••••.................... do .•.....•.........•.•••.....•...........
Jacobson, Hnrold E .........•••••.......•.......... do ..•..•..........•••..••........•.•.....
~fl1~~Y'W~~J::,t}~ew A., Jr .•••............. ·····~~·-··••··········••····· ....•...•.......
Moroney, James Callan ...••...•.••••..•..•........ do .•••..•••.•••••••.•••.•...•••••..••••..
Rnssell, Lewis C ....•.••••.•.....••.••••..•........ do ..•..••••..••••........•••.•••.......•.
·we'nstein, Samuel M .•.•.....•...•.•...••.••...... do ..•••••••..•......••.•••....•••...•....
Clarke, Chinn R... .•...•• .• ........•......... Examiner .••••••.•....•.•..•••...••...•.••..
Eigelherner, J •.••••••••••.• ' ••••••••••••••••••••••• do .•.•.••.•••.•..•..•....••••.••.........
Foster. Sterlin~ J ., Jr •...•.•..•••.•.........••...... do ..••.•...•.••••••••...•.•..••..•.••....
IT errmnnn, Herbert J ...••••••••••••••••••••••••.••• do ..•••••••.••...•••••••••••.•...•.•.....
M c<:utcbeon, William N ..•.....••.••.•.••..•••••.. do...••.••..•......•••••••••••.•.••••••.•

ri~'ii'!~, ~- ~····· ········· ··· ········· ·· ··· ...

Digitized by

Google

$500.00
500.00
500. 00
500.00
500.00
500.00
500. 00
500.00
500. 00
500.00
500. 00
500.00
500.00
500.00
500.00
500.00
500.00
500.00
483.33
483.33
483.33
00.33
483.33
419.17
475.00
475.00
475.00
475.00
475. 00
475.00
4fi6.67
458. 33
458.33
458.33
458. 33
458. 33
458. 33
458. 33
458 33
458.33
458.33
45!1.33
450.00
4.I0.00
4[,().00
4.111.00
450.00
450. OIi
441.6i
441.67
441.67
43.1.33
433.33
433. 33
433.33
433.33
43.1.33
425. OC
425.00
421.00
425.00
41n.67
416.67
416.67
Ufi.67
416.67
116.67
416.67
4!R. 67
416.lii
416. n.
416.67
m.lii
416.67
416.67
41~67

REPORT OF HECO~HTHCCTIO'.'I FI'.\'ANCJ•; CORPORATION

89

13.-Names and compemation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, iu of Sept. SO, 1988-Continued

TABLE

WASIIINOTON OFFICE-Continued

Name

Salary per
month

Title

Rhett, Rohert Goodwyn, Jr ................... Examiner .................................. .
Ststrord, D. l"" •••••••••••••••••••••••••••••••••••••• do .•••••.....••••..••••••..••.•.••..•••..
Steele, lluhert B .............................. ..... do ..•••..•.•.....•.•.••.....•••.•...•....
Wi,e, George F .....•..•..••••••••.••••.••..•....... rto .................•••....•..•..•.•......
Henderson, Darlow _____ ·······- ___________ __ __ Finnnrinl ex~miner _________________________ _
BILss, Rodney l\L ............................. Fiel<I representative ••....•.....•.•.....•.•.•
Ferratt, Thomas L ............................ ..... do ..•.•............••.......•.•••.•....••
Condron, T. L •••••........................... Ad~isory eng!neer •.••••••.••..•....••.•••••.

$416. 67

416. 67
t16. 67
416. 67
416. 67
416. 67
416. 67
(1)

LOAN AOEN'CIES•
Atlanta, Oa.:
Canrtler, Scott ..••.•••••••••.••••••••.••••. Acting manager ...•••.••...•.•••.•••••••••.•
Ch~dwell, ,v. A .•......................... As.c:;istant manager _________________________ _
Reynolds, G. P •••..•...................... Field representative ..•••.•....•....••••••.•.
Baltimore, Md.:
Coke, Willi>lill H .. ................. ....... S_fl(>cial representative ..•.•.••..••••.•.•...•.
Chatterton, Joseph V ...................... Exammer .•••...••..•......•.....••••••.....
Birmingham, Ala.:
Long, E. ,v . .............................. 'Manager ....•.•.•.•....•.•.••••••...•..•.•..
Boston, Mass.:
Hagerty, John J ........................... ..... do ..•.........•.•••••••••.••......•.••••.
Larkin, George E ••.•...................... Assistant manager .....••••••...•......••...
Charlotte, N. C.:
Campl"'II, John A., Jr •••....•..••..•.•...• Manager ...•.•...••••••••••.•.•......•.••...
Chicago, Ill.:
Gallagher, F. D .•.....•...••................... do .............•••......................
Black, Craig 0 ............................ Assistant manager •••••.....................
Walker, Lee............................... Offi<'e counsel. ..•.•.•••..........•..........
Rosenwald, Ilnrold........................ Counsel.. ..•......•...•......•......•.......
Fordyce, ,vmiam C ....................•.. Examiner ..•....•.•.•.•••......•...•........
Mattingly, B. Archibald ..••...•.......•....... do ......•.•.•..•••••••................•..
Hoel, M. 0 .............................•.. Attorney ........•.••...••....•...•...•....•.
Grr,:rson. " .. illian1 F _______________________ Examiner __________________________________ _
BoyS<'n, Louis K _______________________________ do ______________________________________ _
Mwkrtt, C. F ................................. do ................................•....•.
Standish, ;\LL ............................ Assistant to the manager ........•...........
Walters, Harold S ..•.............•........ Attorney ...•..•••.....•••.........••....•...
Gill, Charles R.. .. ...................... .. Examiner ...•.....•.•.•.•.•.•........•......
N"elson, Ilarwy F .............................. do ........•..•.•...••.....•..........•...
Fink, Sigmund A ......................... Attorney ...••..••.•.•..............•..•..•..

~~~li";: l';l1~~~ .1!.-.~~ ~:: :: :::::::::::::::: .~~~:;~~.~~::: :::::::::::::::~ :: ~=~: ~= ~::: :: ::

Cleveland, Ohio:
Fraser, J. A ............................... l\fanager ...........•...•...•...•.••.•.......

im~~lh~~rt~:====================== ·~~:;~;;,~~;="=~~r=·==========================

$500.00
500. 00

500.00
458. 33
416. 67

416. 67

708. 33
458. 33
500. 00
8.13. 33
625. 00
791. 67
625. 00

625. 00
f>25. 00
625. 00
541. 67
500. 00
500. 00
500. 00
500. 00
4,08. 33
458. 33
433. 33

416. 67

416.67
750. 00

541.67
541. 67
813. 33

Dallas, Trx.:
Olic\den, L. B............................. Manager ...•...•.•••••.•.•....••.......•..•.
Detroit, Mich.:

458. 33

~1~1!:::Z{f:~·.~::::::::::::::::::::: ·~~:!~t~~~~~.~~~r~·~: : : : : : : : : : : : :

416. 67

1acksonville, Fla.:
Farwell, Fred IL.......................... Manager ...........•...•.•.•.•.••••••.•.....
Kansas City, Mo. :

: ~i!~fl~:: : : : : : : : : : :

625. 00
500. 00
550. 00
500.00
600.00

::::ii:::::: ::::::::::::: :: :::::::::: :

Bumphrey, Lovell M. .................... Assistant manager ••••..•...•.•.............
Minneapolis, Minn.:
~~.;:,~r8~!~~
Man!\ger ..........••..•...........•...•.•...
AssLstant manager ....................•.....
Na.sh ville, Tenn.:

8::::::::::::::::::::::::::

z:~d_enLeehire, J .. M .......................... Manager....................................
180
Assistant manager •.••.•••......••..•.•.....

500. 00
500. 00
520. 83
416.67
625. 00
450.00

500_. 00
458 33
1
Employed on per diem basis at $30 per day. Compensation for August, $240; for September, $777.50.
I
d ExC<'pt as herein indicated, attorneys handling legal matters of the various agencies of the Corporation
? nkot receive salaries but are paid in the customary way according to the character and volume of the
"or performed and therefore are not included.

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90

REPORT OF RECONSTRUCTION FINANCE CORPORATION

13.-Names and compensation of directors, officers, and employeeB of the
Reconstruction Finance Corporation receiving from the Corporation mlll'I than
$400 per month, as of Sept. 30, 1938-Continued.

TABLE

LOAN AGENCIES '-Continued

Name

Title

New Orleans, La.:
Buskio, George F _____ ____ __ _______________ Manager __________ ••••.••••••••••••••••.••. _
Robertson, Gcor!!e W ••• ·········-·-··-··- Assistant manager·················-········
Goodman, Samuel J.•••.•••••••••.••••••• - Agency counsel. •••••••••..•••.••••·.••••••• Grccn, Justin.·-··············-···········- Examiner ••.•.•.•••••••.•••••.•••.••••••••. _
New York, N. Y.:
Ahearn,_Thos. J., Jr-·· •••••.• ············- Manager __ ._.-·-····························
Tyree, Y ounJ?. -···--········-············- Assistant manaizer ·························Farthing, William 1--·--·····-··········-- Examiner--··-··--··························
Schneider, John Thomas .•• ·-·-··········- Agency office counseL •• _......•.•.•••.•..•• Evarts, Effingham •. _·-·-·-·········-····- Assistant agency office counsel. ••••.•••.•.• _
Kavanagh, Thomas P -·······-·-·········- Fm miner-·--·-····························Barrctt. F. H---·-·-··················-···- Special assistant_ ••••••••••••••••••••••••••..
Summers, George_ •••.• ···--··-······-····_ Attorney_ •• _••• _-······· •••••••••••••••••••.
Stevens, Harry L. ·-·····················- Examiner •• ---·-·---·-····-·················
Frey, Charles L .••• ·-··········--········- Cbief, Loan Liquidation Dlvlslon.••••••••• Linn, II enry A ________ ....•..•..•••..•.. __ Attorney_ •••••••••.•••••••••.••••••••••••••.
Sutherland, Conrad 1. ·······--·-····-···- --·- _do __ ····-·-·-·······-····················
Telsey, Leon G-··························- -·--_do ____ . __ --······························
Clarke, A. J., Jr __ ---··················-·-- Office manager_········-···················1efferson. Howard M .•..••••.••..••.•... __ Examiner •.••••••••••. ····················-Wilson, Russel T --············ -··········- _•••• do._ •••••••.••••.•• ····················-Oklahoma Cit,, Okla.:
Eagen. J. C•.•• -·· •••••.•••.•••...•••••.•. Manager•••••••• ··························-Omaha, Nebr.:
Daniel, Herbert S •••••••..••.••••••. -···· __ .••• do_ •••••••••••• ·························Phila<lelphia. Pa.:
Coit, Glarlding B---······················- --··_do._ .. ···-···-·-···············-·········
Scott, E. Reymond ____ ··--···-··-··-·····- Assistant manager.-··-·················-··Walton, Henry F., Jr __ ··-····---········-- Aeling assistant manager ••.••••••••••••••• -McCarthy, Arthur F ..••• ·-······-······-- Office counsel. ••••••••••••••••••.•••.•••••• Gretz, Arthur A._ .. -···................... Examiner·-··· •.•••••.••••.••••••••.••••••..
Portland, Oreg.:
. Kenned F, William ••••••••••••••••.•••.•• _ Manager•••••••••••••••••• ·················R1chmond, va.:
0

li~:¥: l i}t~:v1::::::::::::::::::::::: t~~~~~~:e.~~~:=========================

Ban Antonio, Tex.:
Meerschcidt, Otto .•••••.•••••.•.••••••••• _ Manager_··································Ban Francisco. Calir.:
Calkins. Allard A ..... -··················- ___ ._do_···-- ___ •• -·-·····················-··M cCullough, John D., Jr_ .•...•.......... - Assistant manager.·······················-Hossack. Harry F ••.•••. •.•••••••••••••••. Examiner ••••••••••.••••••••••••••.••.•••• __
St. Louis, Mo.:
Snyder, John W .......................... - Manarer---·-·--····························
Bain, Frank J. •••••• ·-···················- Assistant manager •••••••••••••••••••••••••.

Salary per

month

$!33.33
500.00
500.00
500.00
833.33
791.67
791.67
7111.33
7111.33
&'13.33
500.00
500.00
48.1.33
45S.33
4&1-33

l41.67
416.11
416.67
416.67
416.67
450.00
500.00

83333
55000
m.67
600 00
441.!7
~.00
541.117
4.l'l.33
416.&7
li00.00
750 00
liOO. 00
~.00

,~.33

m.oo

• Except as herein indicated. attorneys handling legal matters or the various agencies of tbe Corporation
-do not receive salaries but are paid in the customary way according to ,the character and volume of the
work performed and therefore are not included.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION

91

14.-Stattmml of callh reuipt11 and expenditurell during the third quarlff',
July 1, 1988, to Sept. SO, 1938, inclusive (Corporation', accounts with TreallUTet'
of United States)

TABLII

-Oash balance at the close of business June 30, 1938, u per the books of the treasurer of the

Afd:rporation_ - ·-------------·--···--·---····---·-······-·· -· ·-··-··-· ···---------·---·--Checks issued prior to July 1, 1938, canceled subsequent to June 30, 1928._
$19. 00
Corrections of errors reported to the Treasurer subsequent to June 30,
1938 •• -----· --·-····-·---·····--·-·-·-·· ·-·· ··-·· ····-·· •• ···----·--·4, 801. 11

$430, 136. 67

4,820.11

434, g56_ 68
Adjusted cash balance at the close of business June 30, 1938----·-·------·--·-------··-·---Receipts:
Sale of notes .••••••••• ·--·----·--··-·-·-····------·-·--·--·-------··-··- $320,060,000.00
Repayments on loans:
To banks and trust companies (including receivers) .•• $6, 762,175.81
To credit unions......................................
7. 350 00
To build in~ and loan !l-ssociations (including receivers).
159,342.01
To insuranl'e companies.····---···-·······-·-·····-·36,398.89
To Federal land banks .• ··-······-··-··········-····- 6,009, 109. 57
To Joint.stock land banks.............................
l 10,284.45
To mortga~e loan companies .• ····--·-······-·--·····- 6, 87.\ 659. 85
To agricultural credit corpuralions ••••••••• -····-·-··131. 31
To railroa,is.. .• . . •• .•.•.•••.••• •••••••••• •• .•••.•.• ••
719,006. 71
To fishing industry ....•..•. ·········-···-········-···
lfi, 750. 00
To business enterprises .................. ···--··-···.. 3,851.451. 50
To mining. milling. and smelting business .•• •-·-·-·-·
80,000.00
-On ,,_s.,ets or closed banks............................. 2,155.831. 47
For seJI.Jiquidating pr.,jel'tS (pnr $.,4. 181 ,300.lJO) ........ 54,180,819.51
For repair or reconstruction or property damaged by
earthquake, etc.:
Under sec. 201-a, act or July 21, 1932. ,,_, amended ••
158,147.40
Under art or Apr.13.1934, ns amen,Ie,I:
21. 043. 80
Industrial and commercial business ••••••• ·--·
Other......•.......•...•.•...•.•...••...••.•.•
41,113.85
For financing the carryini: and orderly marketing of
agricultural commodities and live~tork produeed in
the United States other tban Commodity C1edit
3, OM. 67
Corporation.-··· ..•..........•... ··········-·-····253,517.95
To drainai:e, levee, an<! irrigation districts .•••••• ·-·-·
500. 00
To puhlir school authorities .•.....•...•.•..••••••••••
Secured by preferred stock-Banks and trust com•
259,399.96
panies •••• ·- ·- •• ··---·--···-------·-·-·· •· •-·------·
80, 701, 120. 71
Preferred stock. capital note and debenture retircments.-·---·····-·--·· 11,283,653.54
57,432.51
Preferred stock installment sales contracts .....•......•................•
Sales of securities purchased Crom Federal Emergency Administration
of Public Works .••.•.•...•.•....•...... ··---·····-·-----···-------··- 11,633,133.33
Funds held for other governmental agencies:
Disaster loan corporation .... ···-·················-·-···-·-·---····387,062.62
Expnrt•Import Bnnk or Washington.·····················-·-·-·-·-·
400,000.00
Commodity Credit Corporation ... ······-·-··--·····-···-······-··· 99,549,933.28
Federal National Mortgege Association.-·······-······-····-···-·-- 1,902, I 18. 19
Interest and discount cJllecte,L ..••....•............ ·····-········· ···- 10,394,325.03
Dividends collected on preferred stock purchased (including interest
on interim receipts) ......................... ······-·-·-·-·--·····---·- 6,089,291.80
Interest collected on capital notes and debentures .••••••• ·--····-···-··· 1,765,877.58
Accrued interest on notes sold_.··-····-········-··-·-·········-·······458. 40
Premium on notes sold.................................................
343. 84
Premium on sale olsecurities purchased Crom other governmental agencies_ 2,290,496. M
Interest. to ,late or purchase, on securities purchased !rom other govern•
mental agencies ......... ··········-·-······-·········-··-···-··---·-·112, 26R. 10
Reimbursable expense collected ...••.......••... ·········-········-····357,520.87
Repayments on ad vnnces for care and preservation of collateral...-·-·-·
241, 2fK t6
Collections on collateral (cash colleternl). ·········••·········•····-·---1,252.00
L!quidetion or assets acquired through foreclosure and settlements-·-·-·
649. 341. 03
Premium on securities sold.-···-·-····---·--··--·-···-·-···-·---·-·-··- 4,205,613. 75
Remittances held in suspense .•• ·-··-·-·-··-···-·-··--··--·-·-·-····-··· 6,446,529. 77
Unallocated-pending ad vices._ .•.•.•.•.• ············-···-···-··-·-·-·- 2,470. 213. 93
Miscellaneous (including amounts credited in error)_----···---·-·-·-··69,268.83
- - - - - 560,728,622. 70

661, 163, 47g_ 38

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92

REPORT OF REOON~TRUCTION FINANCE CORPORATION

14.-Statement of cash receipts and expenditures during the third quamr,
July 1, 1938, to Sept. 30, 1938, inclusive (Corporation's accounts with Treasurer
of United States)-Continued

TABLE

Expenditures:
Retirement of notes ___ .• _...•• -·-··· •.•.•. -· ••..••..•...••••••. .•.•••••. $353, 000, 000. 00
Loan disbursements:
To banks and trust companies (including receivers)_ •. $1,908,524. 73
To building and loan associations ..• _.................
24,835.69
To Joint.stock land banks.............................
452,569.66
To mortgage loan companies..••....•..•.....•.•••.••• 20,165,409.29
To railroads.·····--_ ......•..•••..........••....••.•. 26,497,000.00
To business enterprises __ .·--·-·-······-·············· 19,978,927.66
To mining, milling, and smelting business_............
269,200.00
On assets of closed banks.............................
334,368.86
For self.liquidating projects (par $14,305,000.00) ..•••.•• 13,400, 117. 72
For repair or reconstruction of property damaged by
earthquake, etc., under act of Apr. 13, 1934, as amend•
12,000.00
ed, other than industrial and commercial business .•
For financing sale of agricultural surpluses in foreign
'T!arkets. _.... -···-················• ....••••••••••.• 10,000,000.00
To drainage, levee, and irrigation districts............
574,939.63
93,617,893.24

'

Purchases of preferred stock and debentures-banks and trust companies. 3, 582, 100. 00
Purchase of securities from F ~deral Emergency Administration of Public
Works-----·---·-------···-·---·-·-·-·----•··--·--···-··----·-····--·· 4, 220,061.47
Payment to Federal Emergency Administration of Public Works of
premium from sale of securities--·-·---·---··-·---·-··--·-·---·--·-··· 2, 500, 000. 00
Withdrawal by other governmental agencies of funds held for them:
6,000.00
The RFC Mortgage Company_··-···--·-···-·-··············-·-··-•
568,997.28
Disaster Loan Corporation_._·---······---·-···-·······--··-··-·····
Export-Import Bank of Washington.·-·····--··············-······· 1, 500, 000. 00
Commodity Cr~dit Corporation_._--··-···-··············--·--·-··· 73, 063, ~60. 17
Federal National Mortgage Association_······-·····-··············· 4,717,912.31
Allocations:
To Federal Housin![ Administrator-··--···--·-······· $4,500,000.00
For expenses re~ional a~ricultural credit corporations.
206,350.00
For expenses Federal Emergency Relief Administra•
t1on ________________________________________________ _
700. 69
Advances for care and preservation of collateral. .. -.....................
Assets acquired through foreclosure and settlements_ •....•....•. -·-·-···
Advances for care and preservation and expense on assets acquired
through foreclosure and settlements __ ·------·---······--········-·····
Expense of servicin~ securities purchased from Federal Emergency
Administration of Public Works_···------··--··-·•········-··•···•···
Refund of interest and dividend overpayments .•... -·-···-·······-·····
Release of funds held in suspense ............•. •---··········•····-·····
Interest on notes--·--··-···-····--·---····-··················•··•·-··•··
Accrued int~rest on securities purchased .. ·-···•-·-··-·-·-········-·····
Furniture and fixtures •.........•.......... _-··•····--..................
Expen:;e:

4, 707, 050. 69
370,081.58
20. 00
268,156.51
23,949.68
510,267.03
5,456,103.61
8,694,390.10
185,503.62
58,954.68

General___-·············-·-········································· 1,015.391. 22
Loan agency.................... _...................................
995,084.19
Custodian .. ···-··················--................................
478,274.31
Reimhursable expense .. -···--_--··•·- __ .... __ ········-············-····
593,244.23
Miscellaneous (including refunds and adjustments for amounts credited
in error) ..•.. -·· ............ --.•••..•...••.•.....•......•.••.••..•... •_ _583
__,_89_1_._12~$560, 716,687. Of
446,792.34
Cash balance at the close of business Sept. 30, 1938 •.•.••.••.•..••••.•••••...••••..•••
N0TE.-In addition to funds on deposit with the Treasurer of the l!nlted States, custodian banks and
trustPes h2ld in suspense funds which amounted to $932,591.37 at the close of business June 30, 1938, and
$6~6,496.76 at the close of business Sept. 30, 1938.

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93

REPORT OF RECOXSTRUCTION FIXANCE CORPORATION

15.-Statement of cash receipts and expenditures, Jan. 1, 1938, to Sept. 30,
1938, inclusive (Corporation's accounts with Treasurer of United States)

TABLE

Cash
balance at the close of business Dec. 31, 1937, as per the books of the treasurer of the
Corporation _____ ----- --- _____________________________________________________________ _
Add:
Checks Issued prior to Jan. 1, 1938, canceled subsequent to Dec. 31, 1937 ____ $2, 4fi6. 0i
Corrections of errors reported to the treasurer subsequent to Dec. 31, JU37 __ 38,004. 52

$3, 436, 651. 78
40,471.49

Adjusted cash balance at the close of business Dec. 31, 193; ________________________ _
3,477, 123. 27
Receipts:
Sale of notes _______________ ---------------------------- ______________ $430, 159,500.00
Repayments on loans:
To hanks and trust companies (including receivers) _________________________________________ $2i, 1n, 800. 03
To credit unions__________________________________
37,004.00
To building and loan associations (incluciing re521,207.67
306. 592. 79
T~~~e~;~nce companies_------------------------To Federal land banks ___________________________ _ II, 5fi7, 965. 17
To joint-stock land hanks ________________________ _
4:>8, 546. 41
To mortgage loan companies _____________________ _ 55,804, 757. 18
To agricultural credit corporations ____________ ___ _
11,984. 79
3,401,440.97
To
__ -----------------------------------To railroacls
fishing industry
______________________________ _
2:l. S25. 92
To business enterprise~- _________________________ _ 9, 8.56, 2fi3. 64
To mining, milling, and smelting business _______ _
128,175.16
Onassetsolclosed banks ______________________ _ 4,424,392.32
For sell-liquidatin,: projects (par $6~.205,940.40) __ _ fltj, 204, 928. 55
For repair or reconstruction of property daauged
by earthquake, etc.:
Under
sec.___________________________________
201a, act of July 21, 1932, as_
amended
726,621.93
Under act of Apr. 13, 1934, as amended:
Jn,lustrial and commercial business ______ _
62,530.68
Other ____________________________________ _
107,661.21
For financing the carrying and orderly marketing
of agricultural commodities and livestock produced In the United States:
Commodity Credit Corporation _____________ _ 105, i99, 9.50. 43
Other ________________________________________ _
f>R, rn1. 97
To drainage, levee, and irrigation districts _______ _
874,922.02
To public-school authorities ______________________ _
500. 00
Secured by preferred stock, insurance companies __
467,903. 70
Secured
by preferred stock, banks and trust com-_
panies _________________________________________
707,451. 75
290,738,417.29
26, 72fi, 805. 75
Preferred stock, capital note and dehenture retirements______________
Capital reductions regional agricultural credit corporations___________
2, .500, 000. 00
171,044.06
Preferred stock installment sales contracts ___________________ ._______
Sale of securitias purchased from Federal Emergency Administration
of Public Works_-------------------------------------------------- 25,140,434.91
Funds held for other governmental agencies:
Disaster Loan Corporation_______________________________________
1, 171. f>2fi. 40
Export-Import Bank of Washington_____________________________
4(X), 000. 00
Commodity Credit Corporation __ ------------------------------- 207,901,981.47
Federal National Mortgage Association__________________________ 33. 248. 81.5. 80
Interest and discount collected _______________________ ------__________ 30,944,262. 6Q
Dividends oollected on preferred stock purchased (Including interest
on interim receipts)________________________________________________
9. 566,411.99
Interest collected on capital notes and debentures____________________
3,465.171. 81
Commitment lees of The IU'C Mortgage Company__________________
750,935.53
Accrued interest on notes sold_______________________________________
7,242.95
Premium on notes sold ___ ------------------------------------------9, i55. 30
Premium
on
sale
of
securities
purchased
from
other
governmental
agencies _____________________________ ._____________________________
4,340,966. 14
Interest, to date of purchase, on securities purchased from other governmental agencies _____ -------------------------- __________.________
810,556.64
Reimbursable expense collected______________________________________
1,835, i27. 83
Repayments on advances for care and preservation of collateral________
9-11, 076. 05
Collections on collateral (cash collateral)_____________________________
1,595. 89
Liqui<lation ol assests acquired through foreclosure and settlements__
1, 527, 756. 29
Premium on securities sold ___ --------------------------------------4,231,937.94
Remitances held in suspense_________________________________________ 28,446,811.48
Unallocated, pending advices _________________ - ___ - __ ____ __ ____ __ ____
2,470,213.93
345,929.79
Miscellaneous (including amounts credited in error)_________________
- - - - - 1, 116, SM, 977. Ill
1, 1~, 332, lOL ~

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94

REPORT OF RECONSTRUCTION FINANCE CORPORATION

15.-Statement of cash receipts and expenditure,, Jan. 1, 1998, to Sept. SO,
1938, inclusive (Corporation's accounts with Tre/J8urer of United Statea)-Con.

TABLE

Expenditures:
Retirement of notes•••••••••••••••••••••••••••••••••••••••••••••••••• $619,000,000.00
Loan disbursements:
To banks and trust companies (including receivers). $6,329,831.04
To building and Joan associations..................
595,272.66
To Insurance companies........................... 1,017,793.39
To joint·stock land banks.......................... 3,891,837.33
To mortgage loan companies....................... 40, 528, 828. 77
To railroads ...•..•..•.•.•...•••.••••••••••••••.••• 67,551.500. 00
To fishing industry................................
300. 00
To business enterprises .•...•.•••••...•••.•.••••••• 28,168,404.05
To mining, milling, and smelting business.........
893. 200. 00
On assets of closed banks.......................... 5,370,934.43
For self-liquidating projects (par $30,574,000) ••..... 29, M7, 000. 70
For repair or reconstruction or property damaged by
earthquake, etc., under act of Apr. 13, 1934, as
amended, other than industrial and commercial
business.........................................
14,600.00
For financing sale of agricultural surpluses In foreign
markets ...•.................•..................•• 10,000,000.00
For financing the carrying and orderly marketing of
agricultural commodities and livestock produced
in the United States:
Commodity Credit Corporation ••••••••••••••• 42,649,555.58
Other..........................................
20,000.00
To drainage, levee, and Irrigation districts......... 3,363.187. 27
To Rural Electrification Administration .•.•••.•.•• 24,900,000.00
264, 8152, 245. 22
Purchases or preferred stock and debentures, banks and trust com•
panies .•........•.........•....•..............................••.•• 10,420, 250. 00
Purchase or stock or Federal National Mortgage Association .••.•.•••• 11, 000, 000. 00
Purchases of securities from Federal Emergency Administration of
Puhli c Works .•..............•..•.....••••....•.•.•••......•.•.•.•• 30, 522, 559. 47
Payment to Federal Emergency Administration of Public Works of
premium from sales of securities .............•.....•....••••.••••••
2, 500, 000. 00
Withdrawal by other governmental agencies or funds held for them:
11,000.00
The RFC Mortgage Company·-································
1,449, 396. 84
Disaster Loan Corporation .....•.•.••••••••••••.••••••••••••••••
1,500.000. 00
Export•lmport Bank of Washington •..••••••••••.••••••••••.••••
Commodity Credit Corporation .••.....•.•....•..•.•••••••••.••• 156, 970, 844. M
Federal Nation&I Mortgage Association•••.•.•..•..•...•.•••••••• 32, 434., Ml. 66
Allocations:
To Federal Housing Administrator .•.••••....••••• $9,400,000.00
For expenses regional agricultural credit corpora•
551,847.60
tlons •..............•...•... -...•.................
For expenses Federal Emergency Relier Administration................... ..• .••• .•••• •.•.••••••.•
824. 24
9, 952, 671. 84
Refund to Secretary of the Treasury of runds received for capital re2, 500, 000. 00
ductions of regional agricultural credit corporations •••••••••.••••••
Advances for care and preservation of collateral. ...•••••••••••.••••••
1,317, 466. 94
Assets acquired through foreclosure and settlements.•.••.•.•••.••••••
7,312.59
Advances !or care and preservation and expense on assets acquired
(117,606.02
through foreclosure and settlements ..••..•.•.•••...••..........•.••
Expense or servicing securities purchased from Federal Emergency
93,238.76
Administration or Public Works ..••.....••••••••••••••.•..•.•.•.••
1, 584, 593. 18
Refund of interest and dividend overpayments •••••••••••••••••.••••
70.11
Refund of unearned discount ••••..•••.••.••.•••••••.•.•.•.•.•••.••••
9,071.87
Release of cash collateral.. ...•....•...•..•••••••••••.•••.•.•••••.•.••
577. 51
Interest on cash colbteral to rediscounts •••..•••••••••••••••.••••••••
Release or runds held in suspense •••••..•.••••••••••••••.•••••••.•••• 39, 953, 718. 43
Interest on notes ..........••.•............••.••••••.••••••••••••••••• 22,710,345.93
998,070.69
Accrued Interest on securities purohas•id ••••..•••••••••••••••••••••••
91,649.37
Furniture and fixtures .••••.•••••..•.•.•.•...••.•••.•••••••••••••••••
2,801,553.40
2, 425, 208. 93
l, 381,739.88
Expense, custodian ....••••••••.••••.•••.•..•••..•.....••••••••••••••
1, 874, 782. 91
Reim bursa hie expense .......••.....••.......•..........•....•••.•..•
Miscellaneous (including refunds and adjustments for amounts cred•
ited In error) .••.••...•..•••..••.•••••••••••••••••..•••.•.••••.•••••___904_,_m_._77 l,

~~g:~::: f;~:r:ieiicy::::::::::::::=:::::::::::::::::::::::::::::::::

119

,885,308. ge

'46,792.34
Cash balance at the close of business Sept. 30, 1938 •••••••••••••••••••••••••••••••••
Nou.-In addition to funds on deposit with the Treasurer or tbe United States, custodian b&nks and
trustees held in suspense luuds whicb amounted to $613,125.02 at the close of busineas Deo. 31, 1937, aod
$636,496.76 at the close of business Sept. 30, 1938.

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REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE

95

16.-Statement of condition as of the close of business, Sept. SO, 1938

Ca.sh:
ASSETS
General account
E1pense
account••••••••••••••••••••••••••••••.•••••••••••••••••••••
_______________________ ., ___________________________ _
Held by custodian banks and trustees .••.••••••••••••••••••••••••••
Petty and other .••••••••••.•.....•••••••••••••••.•••••••••••••••••••

$322,074.64
124, 717. 70
636,496. 76
19,960.00

------

$1, lo.1, 249. IO
48, 020, 200. 00
United States Government securities (par) ••••••••.•.•••.•.•••.•.•.•.•...•••••••••••••••
Loans 1• _______________________ •• ___ ..... ___________________ .. ____ ................ ________ ............ __ _ 1, 130,773,867.47
Preferred stock, capital notes, and debentures:
Banks and trust companies •••.•••.•.•••.•.••••••••••••••••••••••••• $543, 505, o.12. 89
Insurance company----·-···········································
100,000. 00
Installment sales contracts..........................................
152,733.64
5i3, 757, 766. 53
Capital stock:
Tbe RFC Morti,;age Company •.•.••.•••••••••••••••••.•.•••.••••••• 25, OJO, 000. 00
Federal National Mortgage Association............................. 11, uoo, 000. OJ
36, 000, 000. 00
Seeurities purchased from Federal Emergency Administration or Public Works •••••••.•
137, 690, 595. 12
33G, 249. 92
Notes and accounts receivable ___ ....... -··-·············--·····························
Advances for care and prc~ervation of collateral_ ______ -·-·_--··- ____ .......•••••••.•...•
940,671.56
Property acquired in foreclosures and settlements (original cost, advances
for care and preservation and expense)_.··············-·-·-····-··-··· $28, 2.53, 407. 81
Less proceeds of liquidation and income ..•.••••••••.•••••••• _.......
5,021, 788. JI
23,231,619. 70
Accrued interest and dividends receivable_ •••.•.•••.•.•.......•••.••••••••••• -·········
23,748,696. 71
Reimbursable expense ..... --··-- ____ -··-···············································
1,516, ~82. 06
Furniture and fixtures (less depreciation) •••••.•......•.. _..............................
453, 991. 00
Other...................................................................................
R42, 930..'i3
Total .•••••..•••••••.••.•••••••••••••••••••••••••..•.••••••••.••.......•.•••••••••-l-.-9-48-.-22-2.-2-I_\I_.7-0
LIABILITIES

Notes (series K, N, and 0) •••••••.•••••.•••••••.•.••..•.•.•••••.••••.....••.•.•.•.•.•.• 1,125,517,782, 26
Liability for funds held:
Cash collateral.. .•.. _._.-·_._._.-···................................
$MO, 542. 70
For other governmental agencies __ .. _............................... 76, 503, 8H. 77
77,144,377.47
2,470,213.93.
Reeeipts not allorated pending advices from flscal agents .•••••••••••••.•••.•.•.•.•.•.•.•
13, 760, 374. 46
Other liabilities (including suspenderl creditsl---··················-···-····· -·-·········
92,156.64,
Interest paid in advance and unearned discount. •••.•.•.•••••••.•••••••••••••.•.•••.•.•
"6,011.12'
Interest and dividend refunds payable ••••••••.•.•..••.•...•.•.•••.•••••••••••.•.•••••.•
4, 507, 466. 32:
Accrued interest payable ..••••••••••••••••.•.•.•.•.•...•••.•.•.•.•••.•••••••••.••••••.••
21,310 ..537. al
g:~~~j~t"ii~its.::::::::::: :: : : : : : : : : : : : : : : : : : :: : : : : : : : : : : : : : : : : : : : : :: : : : : : : : : : : : : : : : : : :
500, 000, 000. 00
Surplus ....• _..•.• __ • ___ ._ .•..••••.•.•...........••..•.............••.•• $203, 173, 299. 99
Reserve for self-insurance...........................................
200,000.00
203, 373, 299 99
Total............................................................................. 1, 948. 222. 219. 70
HEMORANDUll

Undisbursed authorizations and conditional agreements to make loans, purchase pre•
!erred stock, capital notes and debentures, etc .... ___ ····---· __ -·-·--_----·-···-·-···.. $768,315, 165. M
Undisbursed allocations to other governmental agencies (including advances under 1933
reilef act)• .......... _____ ·----··-····-···-··--·--······ ....... --·····- _____ ........••.•
40. 411,948. 2S
Undisbursed authorizations for advances for care and preservation of collateral..........
3f3. 973. 43
Total.............................................................................
809,091,087. 26
1 Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amended, to aid In the reorganization or liquidation of closed institutions have been disbursed in the aggregate amount of $937,696,697.22.
Arter taking into consideration repayments and other reductions of $869,661,394.94, item (1) of the balanc&
sheet includes tbe balance of $68,0.15,302.28.
1 Under the provisions of sec. 5 (b) or an act approved June 16, 1934 (Public, No. 362, 73d Cong.) the Cor•
poration is required to purchase debentures or other obligations of the Federal Deposit Insurance Corpora•
tion, upon its request, up to but not exceeding $250,000,000. The Corporation has not been called upon to
purchase any such obligations.
Under the provisions of sec. 4 of the National Housing Act the Corporation bas disbursed $66,021,074.55
and is further authorized and directed to make available such funds as the Federal Housing Administrator
may deem necessary.
Under the provisions of Public, No. 5, 75th Cong., approved Feb. 11, 1937, the Corporation Is required to
purchase nonassessabie capital stock of the Disaster Loan Corporation, upon its request, up to but not
exceeding $20,000,000. The Corporation bas purchased such stock to the extent of $10,000,000.
Under the provisions of sec. 201 (e) of the Emergency Relier and Construction Act of 1932, and see. 33 (b)
of the Farm Credit Act of 1937, the Corporation is required to pay all expenses incurred by the Jegional
agricultural credit corporations. The Corporation has allocated $17,434,699.77 for such expenses. Of
this amount $16,524,302.69 has been disbursed and $910,397.08 remains available for disbursement for expenses
ineurred up to June 30, 1939.
Pursuant to sec. 84 of the Farm Credit Act of 1933, as amended. $39,.500,000 Is held In a revolving fund of
which $37,000,000 is held by the Corporation and the balance of $2,500,000 by the United States Treasury.
Under the provisions of an act approved Feb. 24, 1938 (Public, No. 432, i5th Cong.) the Secretary of the
Treasury has canceled the Corporation's notes in the amount of $2,696,014,884.41. This sum is eqmvalent
to the amounts disbursed by the Corporation as allocations to other governmental agencies and for relief,
by direction of Congress, administrative expense in connection therewith and the Interest paid on funds
borrowed for these purposes. Ali evidences of Indebtedness with respect to sucb advances have been
delivered to the Secretary of the Treasury.
This statement of condition does not take into consideration expenditures incurred but not paid by th•
Corporation at the close of business Sept. 30, 1038.

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