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REPORT OF THE RECONSTRUCTION FINANCE CORPORATION, THIRD QUARTER OF 1940
~ETTER FROM THE CHAIRMAN, RECONSTRUCTION FINANCE
CORPORATION, TRANSMITTING THE REPORT COVERING THE
OPERATIONS OF THE RECONSTRUCTION FINANCE CORPORATION FOR THE THIRD QUARTER OF 1940, AND FOR THE PERIOD
FROM THE ORGANIZATION OF THE CORPORATION ON FEBRUARY 2, 1932, TO SEPTEMBER 30, 1940, INCLUSIVE
JANUARY
6, 1941.-Referred to the Committee on Banking and Currency and
ordered to be printed
RECONSTRUCTION FINANCE CORPORATION,
Washington, January 4, 1941.
The SPEAKER OF THE HousE OF REPRESENTATIVES.
SIR: Pursuant to the provisions of section 15 of the Reconstruc:tion
Finance Corporation Act, as amended, the Reconstruction Finance
8orporation has the honor to submit the following report covering its
)perations for the third quarter of 1940, and for the period from the
)rganization of the Corporation on February 2, 1932, to Septen1ber
30, 1940, inclusive.
OPERATIONS-THIRD QUARTER OF
1940
During the third quarter of 1940, the operations of the Corporation
Nere as follows:
Banks and trust compan1.~es.-Authorizations were ma.de as follows:
ive loans to aid in the reorganization or liquidation of closed banks,
.vhich, together with increases in loans previously approved, aggre~ated $13,336,060.75; two subscriptions for pref erred stock of banks,
tggregating $1,380,000; and two purchases of debentures of a bank
tnd trust company, aggregating $45,000.
Building and loan associations.-Seventeen loans ,vere authorized,
tggregating $1,083,000.
Mortgage loan companies.-One loan was authorized, which, to~ether with increa.ses in loans previously approved, aggregated
S182,370.25.
Railroads.-Six authorizations were made, aggregating $44,014,500
:including purchase of $136,000 equipment trust certificates of a
~ailroad and of its receivers, and $350,000 representing sale of a note
)f a railroad, with the Corporation's guaranty).
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REPORT OF RECONSTRUGT'ION FINANCE CORPORATION
Business enterprises (except in connection with national defense).Two hundred and one authorizations were made, which, together
with increases in authorizations previously made, aggregated $8,597,323.09.
National defense.-Forty authorizations were made under the Act
approved June 25, 1940, amending section 5d of the Reconstruction
Finance Corporation Act, aggregating $301,555,450; and 73 authorizations were made to business enterprises to aid in national defense,
under section 5d of the Reconstruction Finance Corporation Act, as
amended, aggregating $1,186,086.25.
1.\fining, milling, or smelting of ores.-Two loans were authorized,
aggregating $320,000.
Se{f-liquidating projects, etc.-Twelve loans were authorized, which,
together with an increase in a loan previously authorized, aggregated
$2,088,000.
Drainage, levee, irrigation, and similar districts.-Nineteen loans
were authorized, aggregating $1,068,660.93.
.
Summarizing the foregoing, 380 authorizations were made during
the third quarter of 1940. These, together with increases in authorizations previously made, aggregated $374,856,451.27. Cancelations
or withdrawals of authorizations made during the third quarter and
previously, aggregated $21,55.5,738.92.
Disbursements during the third quarter of 1940 were $94,8.59,886.18; and repayments and other reductions, $108,528,377.52. The
decrease in the amount outstanding on September 30, 1940, as compared with June 30, 1940, was $13,668,491.34.
OPERATIONS-FEBRUARY 2, 1932, TO SEPTEMBER 30, 1940, INCLUSIVE
During the entire period from the organization of the Corporation
on February 2, 1932, to September 30, 1940, inclusive, the operations
of the Corporation were as follows:
Banks and trust companies .-Fifteen thousand eight hundred and
thirty-one loans were authorized to 7,580 banks and trust companies,
aggregating $2,682,501,561.98 (including $1,347,714,400.90 to aid in
the reorganization of closed banks); and 8,699 loans on and subscriptions for preferred stock, and purchases of capital notes or debentures, aggregating $1,442,412,189, were authorized.
Building and loan associations .-One thousand three hundred and
twenty-nine loans were authorized to 1,090 building and loan associations, aggregating $162,683,137.75 (including $25,306,796.19 to
receivers of closed building and loan associations).
Insurance companies.-Two hundred and nine loans were authorized to 133 insurance companies, aggregating $104,439,759.19; and
12 loans on, and a subscription for, preferred stock, aggregating
$34,475,000, were authorized.
Mortgage loan companies.-Three hundred and seventy-nine loans
were authorized to 231 mortgage loan companies (excludes loans
through mortgage loan companies to aid closed banks, and to business enterprises), aggregating $634,042,218.04; and 5 subscriptions
for stock, aggregating $37,250,000, were authorized.
Agricultural financing institutions, etc.-Authorizations were made
as follows: 70 loans to 27 joint-stock land banks, aggregating $31,393,359.13; 250 loans to 20 agricultural credit corporations, aggregating
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REPORT OF RECONSTRUCTION FINANCE CORPORATION
3
,6 120 867.59 · 153 loans to 19 livestock credit corporations, aggre:a ting' $14,111,327.88; 187 loans ~o 106 ap~licants to aid in ~~ancing
he carrying and ord~rly mark~ting of agricultural c?mmodities and
Lvestock, produced in the United States, aggregating $1,690,774,78.07 (including authorizations of $1,604,712,664.99 to the Com(lodity Credit Corpor~tion) ! 57 loans to 12 Federal lan1 banks, agg:re:ating $399,636,000 (including $193,618,000 representing refinancing
if loans previously made by the Corporation to Federal land banks for
liff erent individual amounts, but in the same aggregate amount) ;
~ loans to 8 Federal intermediate credit banks, aggregating $9,250,000;
343 loans to 12 regional agricultural credit corporations and their
,~anches, aggregating $178,840,4?2.48 (re.discounts);. 2 loans to the
,ecretary of Agriculture to acquire cotton, aggre~ati_ng $23,500,00_0
if which $20,200,000 was canceled; and 10 authorizations to 6 apph:a nts for financing sales in foreign markets of agricultural surpluses,
,ggregating $98,445,245.68.
Railroads.-Two hundred and thirteen authorizations to 86 railoads were made, aggregating $892,568,716.95 [including $17,032,.73.95 to trustees of railroads; $18,946,708 to railroad receivers;
,131,896,900 to purchase obligations of railroads (consisting of
,49,039,000 equipment trust certificates of railroads, $32,183,000
:quipment trust certificates of railroads and of their receivers or
rustees, $7,000,000 collateral trust certificates of a railroad and of its
,r ustees, and $43,674,900 of other obligations of railroads); and
,5,350,000 representing guaranty of notes of railroads].
Bu.siness enterprises (except in connection with national defense).~ine thousand four hundred and thirty-three authorizations were
nade to 7,850 business enterprises, aggregating $442,304,151.37.
National defense.-Forty-two authorizations were made under the
~ct approved June 25, 1940, amending section 5d of the Reconstruction
rinance Corporation Act, to 19 corporations (including 4 corporations
:reated by the Reconstruction Finance Corporation), aggregating
,303,555,450, and 73 authorizations were made to 60 business enter►rises to aid in national defense, under section 5d of the Reconstruc,ion Finance Corporation Act, as amended, aggregating $1,186,086.25.
Mining, milling, or smelting of ores.-One hundred and sixty-four
oans were authorized to 133 borrowers engaged in the mining, milling,
,r smelting of ores, aggregating $15,493,100.
Self-liquidating projects, etc.-One hundred and ninety-two loans
1r contracts were authorized to 176 applicants for self-liquidating
►rojects, under section 201 (a), title II, of the Emergency Relief and
Jonstruction Act of 1932, as amended, aggregating $400,092,487.36;
nd 171 loans to 149 public agencies to aid in financing projects
.uthorized under Federal, State, or municipal law ,vere authorized,
tnder section 5d of the Reconstruction Finance Corporation Act, as
,mended, aggregating $214,061,827.81.
Drainage, levee, irrigation, and similar districts.-One thousand
1ne hundred and ninty-three loans to 652 drainage, levee, irrigation,
~nd similar districts were authorized, aggregating $140,653,008.39.
Repair of damage by earthquake, flood, etc.-Thirteen loans to 6
1pplicants for financing repair of damage by earthquake, fire, tornado,
1r cyclone in 1933, were authorized, aggregating $\0,450,232.20; and
'05 loans to 667 applicants to finance repair of damage by earthquake,
4
REPORT OF RECONS'rRUC TIO~ I•'IXANCE CORPORATION
flood, or other catastrophe in 1933, 1934, 1935, and 1936, were authorized, aggregating $5,734,288.75.
All other.-Authorizations were 1nade as follows: 10 loans to 7
credit unions, aggregating $642,967.80; 7 loans to 7 processors or
distributors subject to processing taxes, aggregating $26,089.27; 3
loans to a State ~und for securing repayment of deposits of public
moneys, aggregating $13,087,715.88; 33 loans to refinance publicschool district obligations of 31 school districts, aggregating $2,797 050 ·
1 loan to a public-school authority for payment of teachers' sal~ries'
in the amount of $22,500,000; and 442 authorizations to 42 States and
2 Territories for the purpose of providing funds for relief and work
relief, aggregating $300,000,000.
Summarizing the foregoing, authorizations aggregating $10,315,028,459.82 were made during the period from February 2, 1932, to
September 30, 1940, inclusive. Of this amount, $2,215,596,711.85
was later withdrawn or canceledr and $7,522,402,615~68 was disbursed. Repayments and other reductions amounted to $5,900,801,039.30, 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 a1nended. This left $1,621,601,576.38 outstanding on the books of t.he Corporation at the close of
September 30, 1940.
In addition, the Corporation had outstanding on September 30,
1940, agreements to make a.uthorizations, totaling $552,347,174.17,
upon the performance of specified conditions, as shown in table 1,.
pa.rt IV.
SECURITIES PUR CH .-\.SED FROM PUBLIC WORKS ADMINISTRATION,
FEDERAL WORKS _<\GENCY
Under the Emergency Appropriation .A.ct, fiscal year 1935, approved
June 19, 1934, and the Public Works Administration Extension Act
of 1937, approved June 29, 1937, the Corporation during the third
quarter of 1940, agreed to purchase $5,231,250 net face amount of
marketable securities from the Public Works Administration, Federal
Works Agency (formerly Federal E1nergency Administration of
Public Works).
From June 19, 1934, to September 30, 1940, inclusive, securities
having a par value of $675,276,498.90 ,vere purchased from the
Administration. Of this amount, securities having a par value of
$503,158,020.72 were sold at a prernium of $14,005,562.29 (including ,
securities having a par value of $69,872,674.30 sold to issuers prior .
to maturity at a premium of $376 ,668.14) . Securities having a par :
value of $140,830,604.73 were held at the close of business September
30, 1940. 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 $9,403,000 as the Administration is in a
posit.ion to deliver from tin1e to time.
REPORT OF RECO~STRrCTION FINANCE C ORPO RATION
5
PA. YMENTS TO THE FEDERAL HOUSING ADMINISTRATOR
Under section 4, title I, of the National Housing Act approved
June 27, 1934, the Corpora.t.ion , during the third quarter of 1940,
paid $1,000,000 to the Federal Housing Administrator. This made
a total of $82,186,380.80 so paid through September 30, 1940.
RURAL ELECTRI'.FIC.:\TION ADMINISTRATION
To enable th e Secretary of Agriculture to carry into effect the
provisions of the Rural Electrification Act of 1936, as amended, the
Corporation, during the third quarter of 1940, made available an
additional $100,000,000. This made a total of $246,500,000 made
available under section 3 (a) of the Rural Electrification Act of 1936,
as amended, of ,vhich $146 1 500,000 had been disbursed through
September 30, 1940.
LOANS BY DIRECTION OF CONGRESS TO THE SECRETARY OF AGRICULTURE
Under the Emergency Relief Appropriation Act, fiscal year 1941,
the Corporation, during the third quarter of 19-40, disbursed $10,000,000 to the Secretary of Agriculture for the purpose of making rural
rehabilitation loans to needy farmers .
NOTES OF THE RECONSTRVCTION FINANCE CORPORATION
During the third quarter of 1940, the Corporation:
Sold $200,000 series P notes; $29,000,000 series Q-2 notes; and
redeemed and canceled $35,966 ,500 series Q-2 notes.
Pursuant to the provisions of the act approved February 24, 1938,
the Secretary of the Treasury canceled the Corporation's series Q-2
notes to the extent of $33,500 , for disbursements for allocations to
other governmental agencies.
As of September 30, 1940, there were outstanding $1 ,096,557,000
of the Corporation's notes , as follows :
.Series
Series
Series
Series
N ____ _ __ __ __ __ __ __ __ __ __ _ __ _ ___ __ _ ___ __ __ __ _ ___ __ _ _ · $211, 4 60, 000
P __ - __ __ __ __ _ __ __ __ __ _ __ __ _ __ __ ___ __ ___ __ __ _ __ __ ___
299, 139, 000
310, 090, 000
R __ - _ _ __ __ __ ___ _ ___ __ ___ _ __ __ __ __ __ ___ __ __ __ __ _ ___ _
275, 868, 000
S _ _ _ _ __ ___ __ __ __ __ ___ __ _ __ _ ___ _ __ ___ __ __ _ ____ _ __ ___
TotaL _ _ __ __ __ __ __ ___ __ __ __ _ __ _ ___ __ ___ _ __ __ ___ __ _ _ 1, 096, 557, 000
TABLES
The fallowing tables are attached:
Table 1. Aggregate loan and other authorizations, purchases of securities from
Public Works Administration, and allocations and loans to other governmental
agencies by direction of Congress, by classes, from February 2, 1932, to September 30, 1940, inclusive, and commitments outstanding, by classes, as of September 30, 1940.
Table 2. Aggregate loan and other authorizations, by classes, during the third
quarter of 1940.
Table 3. Number of authorizations, and number of new borro,,,ers, etc., to which
authorizations were made, by States, during the third quarter of 1940.
6
REPORT OF RECONSTRUCTION FINANCE CORPORATION
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, 1940,
inclusive, by States.
Table 5. Aggregate loan and other authorizations, by acts of Congress, from
February 2, 1932, to September 30, 1940, inclusive.
Table 6. Total loan and other authorizations from February 2, 1932, to September
30, 1940, inclusive, by months.
Table 7. Loans to aid in the reorganization or liquidation of closed banks and trust
con1panies fro1n February 2, 1932, to September 30, 1940, inclusive, by States
(includes loans to receivers, liquidating agents and conservators, and loans
through rnortage loan companies and through a livestock credit corporation 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 co1npanies under section 5e 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, 1940, inclusive; and outstanding as of September 30, 1940
(under section 304, title III, of the act approved March 9, 1933, as amended).
Table 9. Loans authorized to business enterprises, from February 2, 1932, to
September 30, 1940, inclusive, by size of loans, (includes loans and participations
under Section 5d of the Reconstruction Finance Corporation Act, as amended;
loans to borrowers engaged in the fishing industry under section 5 of the Reconstruction Finance Corporation Act, as amended; and loans to business enterprises through 1nortgage loan con1panies and banks under section 5 of the
Reconstruction Finance Corporation Act, as a1nended. Does not include loans
to business enterprises in connection with national defense).
Table 10. Number of business enterprises to which authorizations were made; and
amounts authorized and disbursed by the Reconstruction Finance Corporation,
from February 2, 1932, to Septe1nber 30, 1940, inclusive, by industries (includes
loans and participations under section 5d of the Reconstruction Finance
Corporation Act, as a1nended; loans to borro,vers engaged in the fishing industry
under section 5 of the Reconstruction Finance Corporation Act, as amended;
and loans to business enterprises through banks and mortgage loan companies
under section 5 of the Reconstruction Finance Corporation Act, as amended.
Does not include loans t0 business enterprises in connection with national
defense).
Table 11. Total a1nount authorized and disbursed to business enterpri~es by
Reconstruction Finance Corporation and participating banks, etc., from
February 2, 1932, to September 30, 1940, inclusive, by States (includes loans
and participations under section 5d of the Reconstruction Finance Corporation
Act, as amended; and loans to business enterprises through mortgage loan
companies and banks, and loans to borrowers engaged in the fishing industry,
under section 5 of the Reconstruction Finance Corporation Act, as amended.
Does not include loans to business enterprises in conn.ection with national
defense).
Table 12. Part I-Loans on self-liquidating projects by types of project (under
sec. 201 (a), title II, of the E1nergency Relief and Construction Act of 1932, as
amended) from July 21, 1932, to September 30, 1940, inclusive.
Part I I-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, 1940, inclusive.
Table 13. Nu1nber of banks and trust companies to which loans were authorized,
and amount authorized, under section 5 of the Reconstruction Finance Corporation Act, as amended, by size of cities or towns, from February 2, 1932, to
September 30, 1940, inclusive.
Table 14. Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of September 30, 1940.
Table 15. Stateinent of cash receipts and expenditures January 1, 1940, to September 30, 1940, inclusive (Corporation's accounts with Treasurer of United
States).
Table 16. Statement of condition as of the close of business September 30, 1940.
Respectfully,
Chairman.
R. CooKSEY, Secretary.
EMIL SCHRAM,
GEORGE
1.-Aggregate loan and other authorizations, purchases of securities from Public lVorks Administration, and allocations and loans to
other governmental agencies by direction of Congress, by classes, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, and commitments outstanding,
by classes, as of Sept. 30, 1940
TABLE
PART 1.-LOAN AND OTHER AUTHORIZATIONS
:
BANKS AND TRUST COMPANIES 2
Authorizations
Withdrawals or
cancelations
Disbursements
Repayments and
other reductions 1
Outstanding as of
Sept. 30, 1940
Loans to aid in the reorganization or liquidation of closed banks:
To receivers, liquidating agents and conservators __ _______ ________ ___ . ____
Through mortgage loan companies____ ___ ________ ____ __ _ _____________ ___
Through a livestock credit corporation __ ___ __ ___ ·-- - --------------- -- ---On assets of closed banks, under sec. 5e of the Reconstruction Finance
Corporation Act, as amended __________________________________________
$1,133,161,430.63
122,299,023.96
400,000.00
$282,047,411.95
18,982, 26i. 63
78,357.12
$844,753,818.39
103, 316, 761. 33
321,642.88
91,853,946.31
34,600,569.55
47,265,005.28
Total, to aid in the reorganization or liquidation of closed banks _____
Loans to open banks 2______ ______ _________ _ _ _ _ _ __ ___ _ __ ______________________
Loans on preferred stock _______ ___ ____ _____ __ __ ___ .. ___ _______________________
Subscriptions for preferred stock _________________ _______ _________ __ __________
Purchases of capital notes or debentures _________ ____________________ __ ______
1,347,714,400.90
1,334,787,161.08
53,098,525.76
955,453,313. 24
433,860,350.00
335, 708, 601. 25
196,502,916.88
7,649,225.00
75,549,257.44
90,549,500.00
995,657,227.88
], 138,233,619.27
45,449,300.76
851,027,055.80
343,295,850.00
960,063,316.20
1,074,458,856.90
14,775,250.63
416,093,292.64
244,388,148.00
315, 593, 911. 68
63,774,762. 37
30,674,050.13
434,933,763.16
98,907,702.00
4,124,913,750.98
705,959,500.57
3,373,663,053.71
2,709,778,864.37
663,884,189.34
Grand total, banks and trust companies
2______________________________
$824,630,663.26
$20, 123. 155. 13
~o, 741,917.49
12,574,843.84
321,642.88 ---------- --- ------44,369,092.57
2,895,912.71
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BUILDING AND LOAN ASSOCIATIONS
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Loans:
Receivers and liquidating agents ______________ __·______________ _______ ____
Other ____________________________________ ____ ____________________________
$25,306,796.19
137, 376, 341. 56
$22, 352, 231. 92
12,741,743.69
$2,954,564.27
119,535,999.05
$2,579,282.85
115,313,984.89
$375, 281. 42
4,222,014.16
Total, building and loan associations __ __________________ ~ _____ _________
162,683,137.75
35,093,975.61
122,490,563.32
117,893,267.74
4, 597, 295. /58
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INSURANCE COMPANIES
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I,oans-Direct _______________ ____ _____________ _____ ________________ _________ _
Loans on preferred stock _____ ____ ________________ _________________ ___ _______ _
Subscription for preferred stock ______ _________ _____ __________ ___________ __ ___
$104, 439, 750. 19
34,375,000.00
100,000.00
$13,746,540.38
Total, insurance companies _________________ ___________ ______ ____ ____ __
138,914,750.19
13,746,540.38
$90,693,209.81
34,375,000.00
100,000.00
$88,517.436. 92
8,424,982.78
125,168,209.81
96,942,419. 70
$2,175,772.89
25,950,017.22
100,000.00
28,225,790.11
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!.-Aggregate loan and other authorizations, purchases of securities .from Public Works Administration, and allocations and loans to
other governmental agencies by direction of Congress, by classes, from F eh . .~, 1932, to Sept. 30, 1940, inclusive, and commitments outstanding,
by classes, as of Sept. 30, 1940-Continued
TABLE
PART 1.-LOAN AND OTHER AUTHORIZATIONS-Continued
~
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MORTGAGE LOAN COMPANIES 3
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-- Authorizations
Withdrawals or
cancelations
Disbursements
Repayments and
other reductions 1
Outstanding- as of
Sept. 30, 1940
- - -- - - - Loans-Direct ___ ___ __ ___ ___ ___ _____ _____________ _____ __ - -- - - - _- - - - - - - - - - - -- Loans to The RFC Mortgage Company ___ __ ________________________________
Loans to Federal National Mortgage Association _________ ______________ ______
Subscription for stock of The RFC Mortgage Company __ ________ _____ _____ __
Subscription for stock of the Federal National Mortgage Association _________
Subscription for stock of other mortgage loan companies __ ___ _________ .. ______
Total, mortgage loan companies
3 ______________ __ _ _________ ___ _________
$356,711,163.90
$32,02R,497. 27
$104,034,045. 43
$242,859,225.01
$210, 830, 727. 74
143,368, 261. 03 - - - -- --- - --- - - ---- -139,218,364.86
103, 058, 231. 43
36,160,133.43
133,962,793.11 -- -- ----- -- --- - - ---108,873,652.64
70, 039,414.99
38,834,237.65
25,000,000. 00 -- - ---- - - -- - - - -- - - -25,000,000.00 -- - - - ------- - ------25,000,000.00
11,000,000.00 - ---- ----- --- ------11,000,000.00 ------- --- - - -- -----11,000,000.00
1,250,000.00
1,250, 000.00 --- - - - ------ --- - ---- - - -- -- -- - ---- ---- --- -- --- --------- --- --671,292,218.04
00
10,5, 284, 045. 43
526, 951, 242. ,51
352,723,196.82
17-i,228,045.69
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AGRICULTURAL FI~ANCING INSTITUTIONS, ETC.
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Loans to Federal land banks __ ___ __ _____ _____ __ _________ __ _______ ____ _____ ___
Loans to Federal intermediate credit banks _____ _______ ___ __ ·--- ----- ------- Loans to regional agricultural credit corporations __ _. ______________ __ ___ ______
Loans to Commodity Credit Corporation . -- - - --------- -- - --- --- - -- - -------Loans to Secretary of Agriculture to acquire cotton ______ ___ -· _____ __ ________
Loans to joint-stock land banks ____ ___________ ____ ____ _____ ____ __ ____________
Loans to agricultural credit corporations _____ __ ___ ______________ . __ __ ________
Loans to livestock credit corporations _________________ ____ ___________________
Authorizations for financing exports of agricultural surpluses _______ __ ______ __
Loans for financing agricultural commodities and Ii vestock ______________ __ ___
Total, agricultural financing institutions, etc _____ ____________ __________
$12,400,000.00
• $399, 636, 000. 00
9,250,000.00 -- - -- - - ---- --- - - -- - 178,840,452.48
5, 596, 811. 76
1,604,712,664. 99
836,995,702.78
20,200,000.00
23,500,000.00
31,393,359.13
6,726,478.93
6,120,867.59
477,249.37
14,111,327.88
1, 461, 372. 07
6 98, 445, 245. 68
46,146,368.56
86,061,513.08
66, 367, 021. 30
2,452,071,430.83
--
996,371,004.77
4
$387, 236, 000. 00
9,250,000.00
173,243,640. 72
767, 716,962.21
3.300,000.00
24,666,880.20
5,643,618.22
12,649,955. 81
47,298,877.12
19, 644, 491. 78
1,450,650,426.06
$387,236,000.00
9,250,000.00
li3, 243,640.72
767, 716. 962. 21
3,300,000.00
21, 152, 871. 89
5,599,953.83
12,649,%5.81
47,251,981.13
19,124,819.12
I ___ ____ _______ _____ _
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--- -- --------- - ------- ---- ----- - - - - --- -
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46,895.99
519,672.66
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1,446,526,184.71
4, 124, 241. 35
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-- -- - -- -- ------ ------ ------ - ----- --- ---
$3,514,008.31
43,664.39
-- - - -------- --- - - -- -
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RAILROADS
Authorizations:
Receivers and trustees ___________________________________________________
Other. ________________________________ . _____ - - - - - - - - - -- - - - - -- -- - - - - - -- - - Total.railroads __ ______________________________________________________
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>
8
$75, 161,881. 95
817,406,835.00
$852, 991. 00
106,4£3, 764.89
$74,150,890.95
705, 722, 131. 11
$34, 335, 231. 00
275,498,750.53
$39,815,659. 95
4~0,223, 380.58
568, 716. 95
107,316,755.89
779,873,022.06
309, 833, 981. 53
470.039,040.53
6 892,
~
0
z
BUSINESS ENTERPRISES (EXCEPT TO
AID IN NATIONAL DEFENSE)
Loans ___ ___ ___ _____ ____________ __________ __ __ ____ ________ ____________ __ __ ___ _
~
Purchases of participations ____ _______ _______ ___ _______ ____ ______ _______ ____ _
~ Agreements to purchase participations ___________ ___________________________ _
~ Loans through mortgap.:e loan companies and banks __ ______ __ ____ ___ ________ _
oo Loans to fishing industry under sec. 5 of the Reconstruction Finance Corporation Act, as amended __________ ________ ______ __ ___ ____ ___ __________ __ _____ _
7 $323,
005, 160. 38
8 25, 872, 123. 02
g 76, 027, 392. 97
16, 589, 775. 00
$86,933.628.60
9,129,449.05
38,969,787. 08
10,773,278.50
$209,499,385.74
16,015,284.18
3,952,618.14
5,816,496.50
$91,075,476.24
9, 252, 831. 43
610,955.31
5, 163, 021. 12
809. 700. 00
90,025.00
719,675.00
679,523. 98
442, 304, 151. 37
145,896,168.23
236,003,459.56
106,781,808.08
l
~
I
Total, business enterprises (except to aid in national defense) _________ _
10
$118, 423, 909. 50
6,762,452.7 5
3,341,662.8 3
653,475.3 8
40, 151. 02
-
129, 221, 651. 48
:
6
~
H
0
~
NATIONAL DEFENSE
Authorizations for national defense under the act approved June 25, 1940
(amending sec. 5d of the Reconstruction Finance Corporati m Act):
Loans ___ __ __ ___________________________________________ _
--- ----- --- ----Purchases of participations ____ _________ ____ _______ ____ ___ ------ - - - - - ----Agreements to purchase participations _____ _________ __ ___ ·------~---- ----Purchases of capital stock of corporations created by the ieconstruction
Finance Corporation to aid in national defense ___ ____ __ --- - - - ---- ---- - Total, national defense under the act approved June :5, 1940 ________ _
Authorizations to business enterprises to aid in national defe nse under sec.
5d of the Reconstruction Finance Corporation Act, as amen ded:
Loans ________ ______________ __ __ ______ ____ ___ __ _______ ____
---- -- ------ --- Agreements to purchase participations _____ _______ ____ __ -- -- ---- -- -----Total, business enterprises to aid in national defense __ ------ - ------ --Grand total, national defense ________________________ __ ·---- - ---- -- -- --
~
~
l.l
II
$294,056,200.00
$4,844,385.81
$139,500.00
$4,899,716.35
$55,330.54
163,000.00 ---------------- --- - --- - - - --- -- --------- ------ -- -- ---------- ---- ---------- - - ---336,250.00
15,000.00 -- - --- -------------- ------- - - - - ------ -- - ----- ------ - - - - - -- -9,000,000.00 ---- ---------------303,555,450. 00
154,500.00
8,000,000.00 -- - - -- - ------------ 12,899,716.35
55,330.54
8,000,000.00
12,844,385.81
732, 965. 00
453,121.25
1,186,086.25
304, 741, 536. 25
148,442.88
148,585.00
142. 12
38,235.00
116,250.00 - --- ---- -- - --------- -------------------- ---- ---------------148,442. 88
148,585.00
142. 12
154,485.00
55,472.66
12,992,828.69
13, 048, 301. 35
308,985.00
12
13
Q
$15, 493, 100. 00
I
$8, 382, 000. 00
0
z
~
H
z
>
z
0
~
I
$6, 245, 409. 40
I
$2, 663, 696. 951
$3, 581, 712. 45
0
0
~
~
SELF-LIQUIDATING PROJECTS, ETC.
Total, self-liquidating projects, etc _____________________ ___ ______ _______
~
q
~
MINING, MILLING, OR SMELTING OF ORES
Loans on self-liquidating projects under sec . 201 (a) of the Emergency Relief
and Construction Act of 1932, as amended _______ ____ ____ _____ _________ ___ _
Loans to public agencies for construction, etc., under sec. 5d of the Reconstruction Finance Corporation Act, as amended __________ ______ __________ __
z
w.
H
H
Loans, totaL ____________ ___ ____ ______ __ ________________________ ______________ ~
0
0
~
~
$400,092,487.36
$32,152,846.08
$329,197,641. 28
$308, 110, 764. 11
$21,086,877. 17
214,061,827.81
13, 160, 111. 24
120,441,516.57
96,058,966.57
24,382,550. 00
I
614,154,315.17
- - - -- 1 - -- - - - - - - - 1
45,312,957.32
449,639,157.85
- - - - - - - - - - --
404,169,730.68
----
H
H
0
z
45,469,427. 17
1
See footnotes at end of table.
co
•
I .-Aggregate loan and other authorizations~ purchases of securities from Public Works Administration, and allocations and loans to
other governmental agencies by direction of Congress, by classes, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, and commitments outstanding,
by classes, as of S ept. 30, 1940-Continued
TABLE
PART !.-LOANS AND OTHER AUTHORIZATIONS- Continued
1-1-
0
~
tr.:l
DRAINAGE. LEVEE. IRRIGATION, AND SIMILAR DISTRICTS
~
0
Authorizations
Loans,total ____________ ____ ________ __________________ __________ ______ ________
Withdrawals or
cancelations
Disbursements
Repayments and
other reductions 1
Outstandin~ as of
Sept. 30, 1940
--$140,653,008.39
$90,137,095. 70
$45,594,184. 10
$6,777,209.73
$83,359,885.9 7
~
8
0
~
~
l:rJ
(1
REP.,\IR OF DAMAGE BY EARTHQUAKE• FLOOD, ETC.
0
~
Loans to repair damage in 1933 __ ___ ___ __ _____ _____ ___ ___ ~ _. __. _____ _______ ___
Loans to repair damage in 1933, 1934, 1935, and 1936 __ __ __________ _____ ___ ____
$10,450,232. 20
5,734,288.75
$1, 921, 124. 10
2, 260, 341. 53
$8, 529, 108. 10
3,473,947. 22
$8,354,306.43
2,342,638.45
$174,801.67
1,131,308.77
r:n
Total, repair of damage by earthquake, flood. etc _____ ___ ______ _____ __ _
16,184,520.95
4,181,465.63
12,003,055.32
10,696,944. 88
1, 306, 110. 44
d
8
~
0
8
~
OTHER
Loans to credit unions ____ _____ ________ __ _______ __ ____ __ ___ _______ ____ _____ __
Loans to processors, or distributors subject to processing taxes . __ ___ _____ __ __
Loans to State funds for securing repayment of deposits of public moneys . ___
Loans to refinance public-school district obligations. ____ _____ ___ ____ _______ __
Loan for payment :)f teachers' salaries ___________ ______ __ ________ ______ __ ___ __
Amounts made available for relief and work relief. under the Emergency Relief and Construction Act of 1932. as amended ______ ___________ ___ _____ _____
Total. other ___ . __ __ ________ __ __ __________ -____ _____ -----------------Grand total. part I (loan and other authorizations)
1 __ ___ ___ _ __ _ __ _ _ _ _
0
z
$642,967.80
26,089.27
13,087,715.88
2,797,050.00
22,500, 000.00
$42,872.01
11,371.21
23,084.70
1,856,800.00
200,000.00
$600,095.79
14,718.06
13, 064, 631. 18
565,175. 00
22,300,000.00
300,000,000.00
15,001.00
299,984,999.00
339,053,822.95
2, 149,128.92
336,529,619.03
10,315,028,459.82
2,215,596,711.85
15
7, 522, 402, 615. 68
$585,913. 21
$14,182.58
14,718.06 ---- -- --------- - -- -13, 064, 631. 18 --- --- ------- ------ 8,000.00
557,175.00
22,300,000.00 ------ --- ------ ----14
299,984,999.00 ----- ------- -------571,357.58
335,958,261.45
145,900,801,039.30
1, 621,601.576.38
Amount of pur- Amount withdrawn Amount disbursed
(purchased)
chases authorized
or canceled
Amount of repaymen ts and other
reductions 1
Amount outstanding as of Sept. 30,
1940
$638,591,546.16
$522,375,224.33
$116, 216, 321. 83
$682.386,212.82
$34,425,000.00
~
z
>
z
0
tr.:l
0
g
6
~
PART II.-PURCHASES OF SECURITIES FROM PUBLIC WORKS ADMINISTRATION
Grand total, part IL ____ _________ _______________________ ____ _____________ ____
~
~
0
z
~
PART 111.-ALLOCATIONS AND LOANS TO OTHER GOVERNMENTAi.,
AUENL:IE'=' .HY UlK.l!iVl'lUN u.l'· \..iUNUK.l!il!U::I
A~ount allocated
Allocations for direct relief:
Under Federal Emergency Relief Act of 193~--- _____________________________________________ . ___________________________ _______ . __ ___ _
Under Emergency Appropriation Act, fiscal year 1935 __________________ ____ _________________ ___ _____ __ __ ___ ____ _. _. __ _. ____ . _________ __ _
Under Emergency Relief Appropriation Act, 1935 ________ __ ___________________________________________ . _________ _________ .·. ____ _____ __ _
Total, allocations for direct relief.. __ __________ ._ ... ___ _. __ . __ _. --
__ -
___ •
__ • _ . -
___ -
__ • • _ __ • • _ _ _ _ -
_ . ____ _ • _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ •
___ __ ___ ___ •
0
~
$500,000,000.00
500,000,000.00
500,000,000.00
171,500,000,000.00
115,000,000.00
44,500,000.00
40,500,000.00
Total originally allocated to Secretary of Agriculture for crop loans ___ _________________________________ __________ ____________________ __
200,000,000.00
Regional agricultural credit corporations for expenses prior to May 27, 1933 __ ____ ______ ___ ___ __ _______ ___ ______ ___ ___________ __ __ ____ __ __
Regional agricultural credit corporations for expenses since May 26, 1933. ___ . __ ___________ __ _________ ____ __ ____ __ ________ . ___ ___ _.. ____
Secretary of the Treasury to pay for capital of Federal home loa-n: banks __ _____ ____ . ______ __.. _________ __ _. __________________ _____ ______
Land Bank Commissioner to make loans to ioint-stock land banks _________ ____ _________________ ___ ______ ____ ____ ____ _____ ____ ________ _
Land Bank Commissioner to make loans to farmers ($200,000,000 original allocation reduced by reallocation to Federal Farm Mortgage
0orporation) ___ ______ ____ _______ ___ _____ ____ _____ _________ ___ ~-c- •··---- --- ------ · - --·--- -- -- - ----- - -------- ---------------- -- -- - - ---Fed~r~l
Farm
Corporation
to make loans to farmers (reallocated from $200,000,000 originally allocated to Land Bank Comn11ss1oner)
___Mortgage
___ ___ __ _____
_____ ____ ____________________
___ ________ ____ ____ ___ ____ _________________ ___________ __ ___ ___ ______ __ _______ _
Recretary of the Treasury to pay for capital of Home Owner<;' Loan Corporation. ______ . _______ ____ ___ ___ ______ _________ ___ . __ ___ __ _. __
Federal Housing Administrator (amount stated is amount disbursed; total allocation not limited to specific amount) _____ __ ____ ___ _____
Commodity Credit Corporation-purchase of stock. ___ __ _. ________________ ___ ___ ____ ______________ _____ . _____ _____ ______ .. ___ ____ . __ __
Disaster Loan Corporation-purchase of stock (amount stated is amount disbursed; the Corooration is required to purchase stock upon
request of the Disaster Loan Corporation up to but not exceeding $40,000,000) . ___ ___ . ___ __ . _____ __ . ____ ___ . _____ . ______ __ . __ . _______ _
3, 108,278. 64
14,842, ,500. 00
124,741,000.00
100,000,000.00
Loans :
Rural Electrification Administration. __ __ _____ __ ___ __ __ ___ ___ ____ ___ ________ ___ _. ______ ______ __ _____ ____ ______ __ . __ ___ . _. _. . ___ . . __ ___
Recretary of Agriculture:
.Farm rehabilitation ___ ___ . __ ______ ____ . ____ _____ ________ . ___ ______ _________ . ____ . ___. __ ___ _. ___ ____ ____ ____ ____ ____ ._._ .. __ . __ . ____ _.
Farm tenants. ______ __ _. __ ____ __ _______________________ __. ____ ___ _______ ___ .. _. ______ __. ________ __ _________ ... _. __ .. . _. ... . _... _. _.
Total, loans .. . --- ---- -------------------- -- --- - --- ------ ---------- ------ --- -------- ----------- -- ----------- -· ------ ··- ------- --- Administrative expense:
Regional Ag-ricultural Credit Corporations. _____ __.. __ ____ . ____ _______ ___________ ___________________ _________ ________ . ____ . __. ______ ___ _
Under sec_ 1, title I. of the Emergency Relief and Construction Act of 1932, as amended __ ______ ____ ___ ____________________ _____ ___ ___ __
Interest on notes issued for funds for allocations and relief advances _____________________________________________ .. __________________ . ____ __
Grand total, part!!! ________________________________________________ __________________________________ ____ _____________ ___ ______ __ __
See footnotes at end of table.
t:rJ
16$499,999,005. 72
500,000,000.00
500, 000,000.00
0
1,499,999,065.72
H
Ii
~
~
0
Other
allocations:
Secretary
of Agriculture for crop loans. __________ ________ ___ ________________ ______ _______ ___ _______ ___ _________ _______________________ _
Capital of regional agricultural credit corporations (reallocated from amount originally allocated to Secretary of Agriculture) ___ . ______ _
Governor of Farm Credit Administration (reallocated from amount originally allocated to Secretary of Agriculture) __ __ _______________ .
Total, other allocations . __. . __.. _____ __ ____ ... _. _. ____ __ __ __. ___ __ _
IAmount disbursed
115,000,000.00
44, 500,000. 00
40,500,000.00
I
200,000,000.00
3,108,278.64
14,277,102.92
124,741,000.00
l 8 2. 600, 000. ()()
I
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~
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l)
0
z
w
H
~
Cj
r.;
145,000.000.00
8
55,000,000.00
200,000, 000.00
82, 186, 380. 80
97,000,000. 00
55,000,000. 00
200,000.000. 00
82, 18fi, 380. 80
97,000,000. 00
0
24,000,000.00
24,000,000. 00
145,000,000. 00
1,045,878,159.44
I
~
947,912,762. 36
z
~
1--C
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>
z
...
(.•
t::J
240, soo.000.00
I
14o, ,500. ooo. oo
l~g:888:888:281 -- --- -- ~~~~~~~~~~
421,500.000. 00
I
156,500,000.00
116,186.58
126,871. 85
33,177,419.82
116,186.58
126,871.85
33,177,419.82
3,000,798,637.69
2,637,832,306.33
<'i
g
~
0
~
>
r-3
1--C
0
.Z
~
~
!.-Aggregate loan and other authorizations , purchases of securities from Public Works Administratio n, and allocations and loans to
other governmental agencies by direction of Congress , by classes, from Feb. 2 , 1932, to S ept. 30, 1940, inclu sive, and commitments outstanding,
by classes, as of S ept. 30, 1940- Continued
TABLE
PART IV. COMMI'rMEN TS OUTSTANDIN G AS OF SEPT. 30, 1940
Banks: Subscriptions for prrferre<1 stoc k __ __ ___ __ _______ ___ ______________ ________ _______________ ___________ - - --- -- - -- ----- - - -- -- -- -- -- -- - - -- -- - - - - - -- - - - - - - - - - -- -- - Mortgage loan companies:
_____- - - -- - - -Railroads: Loans (and purchases of securities) __ ._. ___ ______ ___ _____ ___________ ___ . _________ __ _-___ _________ -- -- - - - - -- - - - - -- - - - -- - -- - - - - - - -- -- - -- - - -- - - - -- - - -- - - -- -Business enterprises (except for national defense):
Loans ____ _______ ____ _____ ___ _____ __________ __ ___ __ ____ ____ __ __ . __. ____ . ________ ______ ___ . ___. ___ _ __ ___ ___ . ___. ______ ___ ______ __.._ ______ ________ _______ ______ 19
Purchase of a participation __ __ ___ _____ ______ ____________ __ __. ___. __ . ____.. ___ _. _. __.. ______ _________
_. _ ________ _____ . . _. ____ _. .. __ __. __ ___ __ . _.. __________
Agreernentstopu rchase participations _______ _____ __ -- - - -- ---- ·- · · · _____ __ ___ ___ _______ _____ __
___ ____ ___ ___ ____ ___ ________ __ __ _ ·- · ····- · -· -- ··
National defense (under the act approved Junr 25, 1940):
Loans for national defense___ _______ . ________________ ___ . ___ . .. __ . _ ____ __ _. _. _ . . _. . . . . .. . _. __ _. _. _ __ __ _.
.
- . -. - Purchase of capital stock in corporations created by the Recomt.ruction Finance Corporation to aid in nati onal di:'fense __ ______ ___ __. _ _____ . __. . ...... __. _. __ . . _
Self-liquidating projects, etc.: Authorizations to public agencies for construction , ete., under sec. 5d of the Ret onstru ction Finance Corporation Act, as amended __
IY4U) _.
0
outstanding
H
$850, 000.00
~. 000, 000. uo
88,425,97fi . OO
104, 139, 302. 50
2, 500, 000. 00
12, 282,666. 67
278,047, 855.00
11 , 000,000. 00
15,601, 375. 00
552,347,174.17
- --
Part I. Loan and other authorizations __ __ ___ ____ ______ ___ ____ ______ _
-------- $10,315,028,459.82
Part II. Purchases of securities from Public Works Administration __-------682,386,212. 82
Part III. Allocations and loans to other governmental agencies by dire ction of
Congress __ _________ ___ __ __ __ __ ___ __ ______ _____ ___ _____ ________ ____ _
$2,215,596,711 . 85
34,425,000.00
$7,522,402,615. 68
638,591, 546. 16
97,400, 000.00
2,637,832,306.33
Amount of disbursements
Amount of repaymen ts and other
reductions 1
Amount outstanding as of Sept. 30,
1940
---
Grand total __ ___ ____ _____ ______ ______ __ _______ __ _____ ________ __
------ --
iTj
~
t_Tj
0
0
z
w
H
~
~
("'-,
~
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0
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Amount of withdrawals or cancelations
3,000,798,637.69
0
~
--
-
Amount of authorizations, alloeations, and
commitm e nts
outstanding
--------
~
~
HLIMMAH.Y OF TABLE l
Total ____ __ ___ _____ ___ __ ____ _______ _______ ___ __ _______ ________ _
Part IV. Commitments outstanding __ ___ ____ ____ _____ ____ __________ _---- -- ---------
~
Amonnt of
commitments
:~o. ooo. ooo. uo
lr:e
~~~
-~~~:~~~~~~~~=
~
~~:~
:~~~::~::::~::::::
:::::~
::::::::~~::::::::
:::::::::::::::::
::~::~
:::::::::~:::~~
~~:~~
~:~~:~~~~~~~~~
~~:~::::~===~=~~:
7,500,000. 00
~~~~~~=~~
~:~
Agricultural financing institutions, etc.: Loans for financing exports of agricultural surpluses . _______ _____ ____ _____ ___ _______________ _____ ___ __ ___ __ ___
:lo,
t-.:)
~
[Conditional agreements to make loans, or other authorizations, upon the performance of specified conditions]
Grand total, part IV, (commitments outstanding as or St1pt..
~
~
;;i..-
z
0
t_:rj
0
$5,900,801,039.30
522,375,224.33
$1,621,601,576.38
116, 216, 321. 83
2, 480, 267, 731. 79
157,564,574.54
20
13,998,313,310. 33
2,347,421 , 711.85
10,798,826,468.17
8,903,443,995. 42
1,895,382,472. 75
552,347,174.17 - - - - - - - --- -------- - - --- - -- ----- - ------- - ---- ---- ---------- -- ·· - - - --- - -- -- ----- --14,550,560,484.50
2,347,421,711. 85
10,798,826,468.17
8,903,443,995.42
1,895,382.472. 75
I
0
~
6
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~
H
0
z
Does not include loans through banks to business enterprises. ·
Docs not include loans through mortgage loan companies to aid closed banks, and to business enterprises.
Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal land hanks for diffnent, individual amounts, but in the same aggregate
amount.
s Of this amount, $5,000,000 n•pres('nts revolving credits established in October 1939 to aid in financing the exportation of cotton, and $74,290.4G represents increases by reason of
repayments in connection with the revolving credits. This authorization was eligible under sec. 201 (c) of Emergency Relief and Construction Act of 19:32, and/or
sec . .5d of
Reconstruction Finance Corporation Act, as amended; bnt for statistical purposes it is being included in authorizations under sec. 201 (c). The Corporation has agreedunder
to
participate
with banks under this authorization; and of the $ti,OOO,OOO authorized, $4,500,000 represents the amount of the Corporation's agreement to participate.
o Does not include the following authorizations : An agreement to repurchase, and the right on the part of the purchaS('IS to resell to the Corporation an interest,
amounting- to
$4,150,000, in a note of a railroad sold by the Corporation (this note has been repaid and therefore, this agreement to repurchase and the right to resell has bee n canceh•d
in full); a
guaranty of equipment trust certificates of receivers of a railroad in the principal amount of $320,000 sold by the Corporation of which $fi4,000 has been paid, leaving $25u.OOO outstanding; and a guaranty of a not.c of a railroad in the amount of $350,000 sold by the Corporation. The aggregate outstanding amount of the 2 guaranties rderred to, therefore, is $60:),000.
7 InclU(i(is $8,930,738.71.l representing sales of participations, authorized to banks, etc.; and also includes $2,425,246.49 representing
sales of the Corporation's interest in loans, in
connection with which the Corporation authorized agreements to purchase participations in the amount of $2,312,180.55
8 Includes $23,878 representing purchas('s
of participations which the Corporation later sold to banks, with an agreement to repurchase .
9 Does not include $2,3::rn,058.55 representing
agreements to purchase participations, in loans and participations sold, as this amount is included in loans in the amount of $2,312,180.55
and in purrhaslis of participations in the amount of $23,878.
10 In addition, $11,466,0;iO.Ol was taken by banks,
etc., in loans in which the Corporation authorized purchases of participations, and $~{8,0SD,341.86 was taken by hanks, etc., in
loans in which the Corporation authorized agreements to purch::ise participations.
11 Includes $104,100 representing sales
of participations authorized to banks, etc.
12 Includes $13,420 reprrsenting sales of participations
authorized to banks, etc.
13 In addition, $37,000 was takt'n hy
banks, etc., in loans in which the Corporation aut.horizcci purchas<'s of part.icipat.ions, and $:{H7,AO~U.'i was t.ak<'n hy hanks, nte., in loans in
which thr Corporation authorized agref'ment.s to purchaserparticip ations.
11 Includes $17,159,232.30 rf'prcsenting rep:wments
anct other reductions by States and political subdivisions; and $282,825,766.70 representing cance la.t.ion oft.he Corporation ·snot.es,
pursuant to the provisions of the act approve.ct Feb. 24, 1938, eq uiYalent to t.he balance of t.he amoullts disbursed for relief and work relief under tit.le I oft.he Emcrgrncy
Rt-1liC'f ancl
Construction Act of 1932, as amended.
15 In addition, npon certification by the Federal
Ern erge1cy ReYef Administrator, under the Federal Emergency Relief Act of 1933, the Corporation uisburserl $4fl9,I-\AO,OOO for
reliPf. The Corporation also disbursed $349,065.72 for expens :s necessary to carry out the provisions of the above act, making a total of $499,999;065. 72 disbursed.
16 Upon certification by the Federal
Emergency Relief A lministrator, under the F ederal Emergency Relief Act of 1933, the Corporation disbursed $49£l,650,000 for rPli ef. ln add it.ion, the Corporation disbursed $349,065.72 for expenses nece.~sary to carry out the provisions of the above act, making a total of $499,999,065.72 disbursed .
i ; Exclusive of amounts made avg ila bk for relief and \vork rnlief under the Emergency Relit"!f and Construction Act of 1932, as amended
. These amounts are shown in pa.rt I a.hove.
1~ The remaining $97,100,000 authorized
to the Land Bank Commissioner to make loans to joint-stock land banks, was canceled.
iP Includt'S $75,0()0 representing agrePd participations by banks, etc.
20 Of this amount, $2,443,265,306.33
represents cancclation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, .1938, equivalent to the balance of the
amount disbursed for allocations to other governmental agencies and for relief by direction of Congress and the interest paid thereon; and $37,000,000 is held by the
Corporation in a
revolving fund (capital of regional agricultural credit corporations) pursuant to sec. 84 of the Farm Credit Act of 1933, as amended. An additional $2,500,000 of the foregoing
revolving
fund is held by thr n. S. Treasury, such amount ha,·ing bPen paid subsequr.nt to thf' cancelat.ion of the Corporation's not<'s,
2
3
4
:
~
0
~
~
0
~
~
M
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0
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TABLE
2.-Aggregate loan and other authorizations, by classes, during the third quarter of 1940
~
~
BANKS AND TRUST COMPANIES
- - - - - - - - - - - - - - - - - - - -- - - - - - - - - -
Withdrawals or
cancclations 1
Authorizations
Class
-----
------
----
1- -- - - - - - - 1
Loans to aid in the reorganization or liquidation of closed banks:
To receivers, liquidating agents and conservators ___ __ . ___ . __. __. ________ __ . _____ __
Through mortgage loan companies . __. __ __. ____ __ ____ __ . _____. __ .. ____ __. __ . ___ ___ _
On assets of closed banks, under sec. 5e of the .Reconstruction Finance Corporation
-__ . -_- ... ____ ...
Act, as amended _____ . _ __. ___ . __ . _. _. __... . _- . _. .
Disbursements
$400, 000, 00
9,233,260.46
2lti, 742. 75
I -
• -
- -
• - - - - •• -
- - - - -
$2,558.64
Total, to aid in the reorganization or liquidation of closed banks _______ _______ _
13, 336, 060. 75
616, 742. 75
2, 558. 64
Loans to open banks ___ __ __ _______ ___ . ___ ___ _______ __ _______ __ ______ ____ . _________ ____ ______ __ - _- - - -- - - _ ______ . _- _- - - -- _-_ _______ ___ __ _____ _
Loans on prrferred stock ____ ____________ ____. __ _____ . _________ _______ ________ . __. _. ___ . ____ _-_-- - - - ___ - _ -___ - - - _-- - - - . - - -_ ___ __ __ ___ _______ _
Subscriptions for preferred stock __________ ____ __. _. ___. ____ __ _____ __. ___ . ______________
I, 380, 000. 00
75, 175. 00
3, 364, 825. 00
Purchases of capital notes or debentures _. _. ___. ____ . _____ ____ ___ . _.. ____ . . . ___ _______
45, 000. 00 __ ___ __. . _________
30, 000. 00
Grand total, banks and trust companies __ _______ _. ____ ____. . _. _. _______ _____ . . _
1- - - - - - -1 - - - - - - 1
14,761,060.75
Repayments
and other
reductions 1 2
Outstandingdecrease for the
quarter 1
1-----------1---- - - - - -- 1--- -----
----
$4, 102, 800. 29
1
691,917. 75
3,397,383.64
$2,416,302. 26
I, 162, 377. 65
$2,416,302. 26
I, 162,377.65
323,45Y. 72
320,901.08
3.902, 139. 63
1,446, 677.07
310,448.80
9,476,295.46
3,650,816.73
3,899,580.99
1,446,677.07
310,448.80
6,111,470.46
3,620,816. 73
18,786,377.69
15,388,994. 05
BUILDING AND LOAN ASSOCIATIONS
~
~
~
0
~
8
0
"Tj
~
~
Q
0
z
tn
r-3
~
d
Q
r-3
1-1
0
Loans:
ReceiYers and liquidating agents ____ ___ ___ __ _________ _____ ________________ ____ _____
Other _____ ____ ____ ____ _______ _____ ___ ___ ____ _____ __ ____ __ ___ ____ _____ __ ____ ___ ___ __
Total, building and loan associations __________ __ ________ __ __ ______ _____ __ ___ __ ___
z
- - - -- --- - ----- - -
--
$1,083,000.00
$508,533.12
$44,599.09
213,856. 72
508,533.12
258,455.81
-- - ---- ---- -- --- -- - - -- --- --- - - - -- -- -
$93,800.93
-
1,083,000.00
93,800.93
I
3
$44,599.0 9
294,676.4 0
3
250,077.31
~
1-1
~
>
z
0
trj
INSURANCE COMPANIES
0
Loans, total ------- ---------- - - - - -- - ---- - -------- --- - --- - ----- --- - - -- - -- ----- ---- - - --- -1 ---- -- ------- --- -- I- ---------- - -- ---- I- - ---- - --- - --- - -- - I
$155,554.04
I
$155,554.04
-'--------
Loans, direct _____ _____________ __ ___ ________ _____ __ ___ _______________ ______ _____ __ _____
$182,370.25
$110, 000. 00
Loans to The RFC Mortgage Company ____ __ ____ ___________________ __ ___________ ____ _
-------------------------------Loans to Federal National Mortgage Association ______ ______________ ____________ ____ __
----- ------- ----- - -- ---------- --- -- 182,370.25
~
~
0
~
MORTGAGE LOAN COMPANIES
Total, mortgage loan companies _______ ______________________ __________________ __
0
110,000.00
$2,866,118.61
$250,000.00
4,075,069.23
], 964, 756. 98
7,176,567.32 --- ------- ------- 11,501,636.55
4,830,875.59
$2, 616, J18. 61
3 2, 110, 312. 25
37,176,567.32
3
6, 670, 760. 96
~
0
z
1-1
AGRICULTURAL FINANCING INSTITUTIONS, ETC.
Loans to joint-stock land banks _________________ ____ __ ______________ ________________ ___ -----------------$71,349.87 ---------- ------ -Loans to agricultural credit corporations _________ ___ _______________ ___ ____ _______ ___ ___
----------------------------- -- ---- ------ -- ----- Loans for financing agricultural commodities and livestock ___ __ ________________ _______ _ ----------- ---- --- ---------------- - ---- ------- - -----Total, agricultural financing institutions, etc ____ ___ _________ _________________ ____
------------------
71,349.87 --------- -------- -
$200,736.91
250.00
5,154.00
$200,736.91
250.00
5,154.00
206,140.91
206,140.91
:
6
::0
,-3
RAILROADS
0
Authorizations:
Receivers and trustees ____ ___ __ __ ________ __ __ ____________ ___ __ ________ _______ _____ _
Other ____ ________ ___ _________________________ __ _________ __ __ ____ __ ___ __ __ ______ ____
Total, railroads ________ ____ ______________ ___ ________________ ___ ____ ______ ____ ____
~
$136,000.00 ------- --- ------ -43,878,500.00
$350,000.00
$486,000.00
47,825,957.80
$15,128,000. 00
39,001,123.47
$14,642,000.00
3 8, 824, 834. 33
44,014,500.00
48, 311,957. 80
54,129,123.47
5,817,165.67
350,000.00
~
t_Tj
(J
0
~
BUSINESS ENTERPRISES (EXCEPT
U1
To Arn IN NATIONAL DEFENSE)
,-3
Loans ____________ _____ ___ _____ ___ ___ _____ __ _____ ___________________________________ ___
$7,141,778.90
4 $6, 342, 830. 59
$2,670,819.08
Purchases of participations ________ ___________ ___ _____________ ____ ______ __ _____ ___ ____ _
521,100.00
16,200.00
165,062. 68
Agreements to purchase participations _______ ____ _________________ ___ - _______ - - __- _- ___
441,175.57
1,733,392.50
3,070,967.25
Loans through mortgage loan companies and banks _________________ __ ______________ ___ --- ------------- -- ---- -- ---- ----- - -- ----- -- -- - - ----- -Loans to fishing industry under sec. 5 of the Reconstruction Finance Corporation Act, as
amended _____ ____________ ___ ______________ ____ .. ____ _________ __ ___ ____ __ ____ ____ _____ -------------- - -- - -- ------- ------------- - ------ -- ---Total, business enterprises (except to aid in national defense) ________ ______ ______
See footnotes at end of table.
8,597,323.09
5,757,986.33
7,748,017.15
$9,009,582. 96
795,240.05
162,127.68
2,868.65
$1,867,804. 06
630,177.37
3 279, 047. 89
2,868.65
25,555.09
25,555.09
9,995,374.43
2,247,357.28
::0
d
0
8
~
0
z
~
~
z
z0>
trJ
0
g
6
~
>
H
~
0
_z
~
~
TABLE
2.-Aggregate loan and other authorizations, by classes, during the third quarter of 1940-Continued
I---'-
~
NATIONAL DEFENSE
Class
Withdrawals
\ Disbursements
.
cancelat.ions or
1
Authorizations
---------------- --------- - -------------- 1-- - ---------1----Authorizations for national defense under the act apnroved June 25, 1940 (amending
sec. 5d of the Reconstruction Finance Corporation Act):
Loans . __ ___ __ _____ __ __ __ ___ _______ ____ _- __ _-- -- - .. - - - - - - - - -- - - -- -- -- - - -- - -- - - - -- -- - Purchases of participations __ _. __ ___ __ ______ ___ ___ ____ ___ _- ___-- ___- - _- - - - - - -- - - -- - Agreements to purchase participations _______ ____ __ ___ ___ ______ _____ __ ____ ___ __ __ _
Purchasps of capital stock of corporations created by the Reconstruction Finance
Corporation to aid in national defense . ______ ____ __ ____ ______ ________ __ ___ __ __ ___ _
5
i294, 056, 200. 00
163,000.00
336,250.00
----1-- --------1---- - - - ---1---- -- - - -
$13\J,500.00
$4,899,716.35
$55,330.54
3
$4, 844, 38.5. 81
15,000.00
I
tr:l
rij
0
~
0
~
7,000,000.00
8,000,000.00
3
154. 500.00
12,899,716.35
55,330.54
38. 235.00
116,250.00
148,585.00
142. 12
3
8, 000, 000. 00
12, 844, 38.5. 81
~
0
z
w
r-3
302, 741, 536. 25 1
3
15i, 485. oo
I
148.585.oo
I
142_ 12
I
308,985.00
I
13. 048. 301. 35
I
55.472.66
I
======
148, 442. 88
~
~
(J
148, 442. 88
~
12, !)92, 828. (39
0
3
3
H
z
~
1\.-IINING, :MILLING, OR SMELTING OF ORES
Loans. total ___ _____ ____ ___ ________ __ __ ___ __ _____ __ _______ ______ _______ __ ____ __ ____ __ ___
~
~
- --- - -- - -
1, 186, 086. 25
Grand total, national defense ____ _.. ________ ___ ____ ____ ____ _.. ____ ____ . __________
Repayments
and\
Outstandingother
reductions
1 2 derrease for the
quarter 1
r-:l
Total, national defense under the act approved June 25, 1940 ___ . ____ ___ _____ __ _
301,555,450.00
I======
Authorirntions to business enterprises to aid in national defense under sec. 5d of the
Reconstruction Finance Corporation Act, as amended:
Loans _______ ___ .. _.. ____ __ __ _. ___ __ _____ __ _______ ___ __ ____ ____ ___ ____ __ . . ... ____ . . . .
6 732. 965. 00
Ag-reements to purchase participations ... __ . ____ _. ___.. __ __._ . __ __. . __ . ____ __ __. . __
453. 121 . 25
Total, business enterprises to aid in national defense ________ __ __ . __ ___ ___ . ___ _._.
1 \
H
320,000.001---- ---- --- -- -----1
274.000.00
I
175.000.00
~
I
399,000.00
>
z
()
l:Tj
SELF-LIQUIDATfNG PROJECTS, ETC.
n
'
L oans on self-liquidating projects under sec . 201 (a) of the Emergency Relief and Construction Act of 1932. as amended _______ _____ . .. _____ __ _.. _ . _____ __ _. ___ _. _________ . _ - - -- --- -- - -- - - - - -- -- - - - -- ·--- ---- - L oans to public aP.;encies for construction, etc., under sec. 5d of the Reconstruction Finance Corporation Act, as amended _____ ____ __ ___________ __ ____ ________ ____________ __
2, 088,000. 00
487,743.84
Total, self-liquidating projects, etc. ________ ______________ _____________ __ _______ __
2,088,000.00
487,743.84
$1,512,000.00
$157,388.07
8,033,756.16
18,957,874.52
10,924,118.36
9,545,756.16
19, 115, 262. 59
9,569,506.43
3
$1,354,611.93
See footnot~s at end of table.
$1,068,660.93
I
$13,449,455.20
~
~
0
~
~
H
DRAINAGE, LEVEE, IRRIGATION, AND SIMILAR DISTRICTS
Loans , total _____ ________ _______ ____ ______ ____ _____ ______________ _________ ____________ _,
0
0
$524, 300. 41
I
$760,473.97
I
z
$236,173.56
REPAIR Oi' DAMAGE BY EARTHQUAKE, FLOOD, ETC.
~ t~~~~ ~~ ~:g:f~ g:~:~~ I~ i~~t -1-93-1,- i93s: a-nci -1ii6: =================================== =: =::::: =:: ======:I===:===:========== I==============:== =
.
~
~
$7,977. 82
51,809.54
59,787.36
59,787.36
~
t1'j
~
1
I
I
Total, repair of damage by earthquake, flood, etc_ - ------------------------------ ------------------ ------------------J------------------
$7,977.82
51,809.54
0
~
OTHER
r--:3
Loans to credit unions - -- - - - -- -- -- - - -- -- -- - - - - -- -- -- - - - - - - - - - - - --- -- - - - - - - - - - - - - -- - - - -1--------I
Loans to refinance public-school district obligations ______ ______ __ _______________________ ____ ___ _: == == ==== --- -- -$234,-500.-00Total, other_ __________________ _________________ -- - _________ _____ ___ - - -- - - - - - ____ -1-___ -----_--__ ----1
Grand totaL ______________________ _________________ _____ __ ______________________ - I 1 $374,856,451. 27
$479.00
234, 500. 00 __ . _______________
21,555, 738. 92 -
$94,859,886. 18
479. 00
$479.00
479.00
108,528,377. 52 ,_ _
__34
_
13,__
668, 491.
0
~
H
,,,w
t=J
(J
0
~
These amounts apply to loans authorized prior to July 1, 1940, as well as to loans authorized during the third quarter of 1940.
Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1940.
3 Increase.
• Includes $192,328.68 representing sales of participations authorized to banks, etc.
5 Includes $104,100 representing sales of participations authorized to banks, etc.
6 Includes $13,420 representing sales of participations authorized to banks, etc.
1 Authorizations made prior to July 1, 1940, were rescinded during the third quarter of 1940, as follows: Banks and trust companies, $425,000 (to aid in the reorganization or liquidation of closed banks); business enterprises, $15,000; a purchase of a participation in a loan to a business enterprise, $15,000; agreements to purchase participations in loans to business
enterprises, $17,000; a loan on the assets of a closed bank and trust company, $9,159,366.01; loans to or for the benefit of drainage, levee, irrigation, and similar districts, $972,1 60.93.
Such rescissions have not been deducted from the authorizations shown above for the third quarter of 1940, inasmuch as they applied to loans authorized during previous quarters.
1
2
w
,-3
!':d
cj
(J
H
1-1
0
z
~
1-1
z
>
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0
t1'j
(J
0
~
t:o
0
~
;;,
r-3
0
1-1
z
1--'-
-l
18
REPORT OF RECONSTRUCTION FINANCE CORPORATION.
TABLE
3.-Number of authorizations, and number of new borrowers, etc., to which
authorizations were made, by States, during the third quarter of 1940 1
GRAND TOTAL
Number
of authorizations 2
State
Number
of new
borrowers 2
State
Number Number
of auof new
thoriza- borrowtions :i
ers 2
---Alabama. _______________ __ __ _
Arizona ______________________
Arkansas ___________________ __
California ______ ________ ______
Colorado _____________________
Connecticut ____________ - _- - _Delawar~- ----------- --------Di-,trict of Columbia ____ ___ __
Florida ____ ______________ _____
Georgia _______________ ________
Idaho ___ ____ __ _______ ___ __ ___
Illinois ______________________ _
Indiana ______________________
Io·wa _________________________
Kansas _________________ ______
Ken~~cky ____________________
Lomsiana ______________ ___ ___
Maine ________________________
Maryland ____ ____ ______ ______
Massachusetts __________ __ ____
Michigan _____________ _____ ___
Minnesota ___________________ _
Mississippi_ ___________ __ ___ __
M issourL ________ ___________ _
Montana _____________________
Nehraska ____________________ _
Nevada ________________ __ ___ _
New Jersey _____________ -- -- - New Mexico __________________
New York ____________________
North Carolina_ . _____ _______ _
North Dakota __________ ______
9
3
10
18
12
4
1
1
16
14
5
9
6
7
6
8
1
1
7
12
12
7
2
7
10
6
2
1
1
IO
8
3
4
5
6
6
5
----------1
4
8
7
6
2
9
6
4
2
6
9
1
5
2
28
1
18
3
21
12
7
6
Ohio ___________ ______________ _
Oklahoma __ _________________ _
0 reg on _______ __________ ____ __
Pennsylvania _________________
___ ____________
South Carolina
Dakota
________
__ ____ __
South
Tennessee ______ -- - _____ -- __ - Texas ________ ___ _____________
U tab _____ ______ _____________ .
Vermont _____________________
Virginia ______________________
Washington _______________ __ _
W ~st V1~gm1a __________ __ __ __
W 1sconsm __________________ _.
Alaska _______________ __ ______
2
Authorizations:
Loan to the Metals Reserve Company a ___ . __
Loan to the Rubber Reserve Company 3___ __ _
To railroads (including
receiver and trustee)3 __ .
Purchases of capital stock
of corporations created
by the Reconstruction
Finance Corporation to
aid in national defense a_
Grand total. _________
6
5
3
15
2
2
11
3
2
1
5
2
21
13
3
1
4
-------- .... -
21
2
Total ___________________
2
10
1
2
2
3
12
2
4
2
----------
365
214
1
1
1
1
6
1
7
2
380
219
2
BANKS AND TRUST COMPANIES
LOANS TO AID IN THE REORGANIZATION OR LIQUIDATION OF CLOSED BANKS AND TRUST COMPANIES
[Includes loans to receivers under sec. 5 of the Reconstruction Finance Corporation Act. as amended; and
loans on the assets of closed banks and trust companies under sec. 5e of the Reconstruction Finance Gorporation Act, as amended]
Louisiana ____________________ _
Michigan ____________________ _
Ohio ________________________ _
Pennsylvania _______________ _
Total __________________ _
1 ---- ------ -
2
1
1
5 -----------
TOTAL-SUBSCRIPTIONS FOR PREFERRED STOCK, AND PURCHASES OF DERENTURES, OF BANKS AND OF A
TRUST COMPANY
[Under the act approved Mar. 9, 1933, as amended]
State
-
Nebraska ___________________ ! __________
New York. ____________________________
Total ____________________________
Bee footnotes at end of table.
Number of
authorizations 2
Net number of
Number of
Duplica- banks
and trust
banks and trust Le~s:tions
4
companies 2
companies
2
2
2
2
2
4
4
4
2
-------------------------------------------- --
REPORT OF RECONSTRUCTION FINANCE CORPORATION.
19
3.-Number of authorizations, and number of new borrowers, etc., to whfrh
authorizations were made, by States, during the third quarter of 1940 1 -Contd.
TABLE
BANKS AND TRUST COMPANIES-Continued
SUBSCRIPTIONS FOR PREFERRED STOCK OF BAN KS
[Under the act approved Mar. 9, 1933, as amended]
Number
Number of
banks
of auand
trust
tborizacom2
tions
panies 2
State
New York ____________ _______ _
2
State
Number Number
of banks
of au- and
trust
thorizacomtions2
panies 2
2
PURCHASES OF DEBENTURES OF A RANK AND OF A TRUST COMPANY
[Under the act approved Mar. 9, 1933, as amended]
Nebraska _____________________ !
BUILDING AND LOAN ASSOCIATIONS
LOANS TO BUILDING AND LOAN ASSOCIATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Number
of authorizations 2
State
Number
of new
borrowers 2
State
----New Jersey ___________________
Utah ______________________ ___
16
1
11
1
TotaL _________ . --- -- - _-
17
12
Number Number
of auof new
tboriza- borrowtions 2
ers 2
MORTGAGE LOAN COMPANY
LOAN TO A MORTGAGE LOAN COMPANY
{Under sec.
5
of the Reconstruction Finance Corporation Act, as amended]
Texas _________________________
l
1
1-----------11
RAILROADS
AUTHORIZATIONS TO RAILROADS (INCLUDING RECEIVER AND TRUSTEE)
(Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Total a__________________
l
See footnotes at end of table.
6
20
REPORT OF RECO~,STRUC'TION FINANCE CORPORATION
3.-Number of authorizations, and number of new borrowers, etc. to which
authorizations were made, by States, during the third quarter of 1940 1 -Contd.
TABLE
B US INESS ENTERPRISES (EXCEPT IN CONNECTION WITH NATIONAL DEFENSE)
TOTAL-AUTHORIZATIONS TO BUSINESS ENTERPRISES
Loans and participations in loans under sec. 5d of the Reconstruction Finance Corporation Act,
as amended]
State
Alabama __________ ___ _______ _
Arizona ______ ___ _____ __ ____ __
Arkansas ________ ____ _- -_-- - -California __ ______ __ ___ - __ - - - _
Colorado _________ - - - - - - __ - -- Connecticut ______ - _- -_- ___ - __
Delawarn __ __________ ___ __ ___ _
District of Columbia ___ _____ _
Florida ______ __ ___________ ___ _
Georgia ______________________ _
Idaho ___________ ___ ______ _- _Illinois ____________ ____ - - - - -- Indiana ____ __ ___ - - _- -- - - -- - -Iowa _______ . ________ ______ __ _
Kansas __________ _______ _____ _
Kentucky _________________ - - Maryland ________ - --- _- - -- - - Massachusetts ________ - _- __- -Michigan ____________________ _
Minnesota ________ - __________ _
Missouri _______________ ___ __ _
Montana _____ - - - - - - - -- - - _- __ -
Number
of authorizations
Number
of new
borrowers
6
6
1
1
3
3
3
3
3
2
8
2
1
1
1
1
1
10
5
12
6
1 ----------
3
3
2
3
2
2
2
7
2
5
5
8
5
2
---- ---- --
4
5
1
2
5
3
1
2
Number Number
of auof new
thoriza- borrowtions
ers
State
Nebraska ____________________ _
Nevada ______________ __ _____ _
New Jersey __________________ _
New 11exico _________________ _
New York _________________ __ _
N ortb Carolina ______________ _
North Dakota _______________ _
0 hio _____ - - - - - - - - - - - - - - - - - - - -
0 klahoma ____ ________ __ _____ _
Oregon _________ __ ____ _____ __ _
Pennsylvania _____ __ ___ ______ _
South Dakota __ ___ ____ ___ ___ _
Tennessee ______ - ____ -__ - - . - -Texas __ .. __ ___ _____ __ ___ _____ _
U tab _____ __ _____________ ____ _
Vermont ___ _________________ _
Virginia __ __ _________________ _
~ ~shing;ton _________________ _
vv 1sconsm _____ ______________ _
1'otal __________________ _
5
1
7
23
7
6
6
6
3
9
9
I
4
4
l
4
22
4
I
6
4
2
--------
3
l
I
11
216
1 ---------1 -- ------ -3
2
17
10
2
1
rot
113
NATIONAL DEFENSE
LOANS , AND PARTICIPATIO NS IN LOANS , FOR NATIONAL DEFENSE UNDER THE ACT APPROVED JUNE 25, 1940
(Amending sec. 5d of the Reconstruction Finance Corporation Act]
New York ___________________ _
A la barn a ____-- - - - - -- - - - - -- - - -
l
Connecticut__-- -- - - - - - --- ---Illinois ________ - -- - - - - -- -- - -- Iowa __ __ _______ ___ _______ ___ _
Kentucky ____ - _- - - - --- - -- - - - Massachusetts ____ - - - - . - -- -- -Nebraska _____ ________ _______ _
New Jersey ___ __-- -- - ---- --- --
2
2
1
1 --- - -- - --4
5
1
3
5
Metals Reserve Company 3 ___
Rubber Reserve Company 3 __
1
1
1
1
Grand totaL __ ________ -
33
17
l
3
1
0 hio _____ ___________________ _
P~nI?srivania ________ ______ __ _
V1rg1n1a ___ __________________ _
Washington __________ ______ __
Tota) _____________ __ ___ _
6
3
1
1
2
l
1
----------l
----------
31
15
I
PURCHASES OF CAPITAL STOCK OF CORPORATIONS CREATED BY THE RECONSTRUCTION FINANCE CORPORA
TION TO AID IN NATIONAL DEFENSE, UNDER THE ACT APPROVED JUNE 25, 1940
{Amending sec. 5d of the Reconstruction Finance Corporation Act]
Metals Reserve Company 3 ___
Rubber Reserve Company 3 __
Defense Plant Corporation 3 __
D efense Supplies Corporation 3 _______________________
Total ___________________
See footnotes at end of table.
4
1
1
-------------------1
1
1
7
2
REPORT OF RECO~STRUCTION FIKANC'E CORPOR~\TION.
21
3.-1.V umber of authorizations, and nurnber of new borrowers, etc., t.o which
authorizations were made, by States, during the third g no.rt.er of 1940 1 -Contd.
TABLE
BUSI~ESS ENTERPRISES (EXCEPT IN CONNECTION WITH NATIONAL
DEFENSE)-Continued
LOANS, AND PARTICIPATIONS IN LOANS, TO BUSINESS ENTERPRISES TO AID INN ATIONAL DEFENSE, UNDER
SEC . 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
State
Number
of authorizations
Number
of new
borrowers
2
1
Alabama ______________ ___ ____
Arizona __ __ ___ ________ _____ __
Arkansas __ ___ ___ __ _______ ____
California __ . ____________ __ __ _
Colorado ____________________ _
Florida. ___________________ ___
Georgia _______________ ______ _
Idaho ______ __ ____ __ __ __ ____ __
Illinois ____ _______ ____ _______ _
Indiana_ ______ _____________ _
Iowa ______ ____ _______ ___ ___ __
Kansas ______________________ _
Maine _________ ____ ___ _______ _
Maryland _________ _______ ___ _
Massachusetts _____ ____ ______ _
1
1
3
2
6
3
2
8
4
3
2
2
2
2
1
2
3
4
1
1
3
4
4
1
~
5
I Number I Number
. of au- of new
State
thoriza- borrowI
_____________ \ tions __ers__
M !chigan __ ___________________ 1
Mmnesota ____ __ _________ ___ _1
M!ssissirpL ___ - -- -- - - - - -- - - -M ISSOUrI _ ________ __ __ _ ______ _
Nebraska ______________ ______ _
New York _____ ___ _______ ____ _
0 reg on ____ ___ ______ _________ _
South Carolina ____________ ___
Tennessee __ ___ ________ ___ ___ _
Washington __ __ ________ __ ____
W~st Vi~ginia _____ _____ _____ _
21I
1
ii
1
6
3
1
1
3
2
2
2
2
1
73
60
W ISCOnsm _ ____ - - - - - - - - __ - __ - Total___ __ _________
-1
I
2
1
1
5
1
6
2
1
1
2
MINING, MILLING, OR SMELTING OF ORES
LOA~S TO BORROWERS ENGAGED IN THE MINING, MILLING OR SMELTING OF ORES
[Under sec. 14 of the Act approved June 10. 1934, as amended]
Alaska _____________________
--1
2
l----------11
SELF-LIQUIDATING PROJECTS, ETC.
LOANS TO PUBLIC AGENCIES TO AID IN FINANCING PROJECTS AUTHORIZED UNDER FEDERAL, STATE OR
MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Arkansas _____ __ _____________ _
Florida ______________________ _
Mississippi_ _________ - _______ North Carolina ___ _______ __ __ _
South Carolina ____ ____ _____ __
1
1
3
3
1
1
1
1
I
1
Texas _______________________ _
Utah __ ___ __ _______ __________ _
4
2
1
I
TotaL ___ __ ___________ _
12
DRAINAGE, LEVEE, AND IRRIGATION DISTRICTS
LOANS TO DRAINAGE, LEVEE, IRRIGATION, AND SIMILAR DISTRICTS
[Under the Emergency Farm Mortgage Act of 1933, as amendedJ
Arizona _____ . _______________ _
Arkansas ______ ______________ _
California ___________________ _
Idaho _______________________ _
Illinois ______________________ _
1
1 ---------3
1
2 7
2 1
22
2
2
21
2
I
Montana. ________________ ___ _
Oregon ______________________ _
To ta L _____ __ __________ _
2
1 ---- - ----3
19
4
"Borrowers, etc.," represents applicants to which loans and other authorizations have been made.
Certain authorizations made prior to the third quarter of 1940 were completely rescinded during the
third quarter; and such rescissions have not been deducted from the number of authorizations or the number of n~w borrowers during the third quarter, inasmuch as the authorizations were made in a prior quarter.
3 Not mcluded in the State totals shown above, because the operations of the borrowers, etc., ordinarily
are not confined to any one State.
• Duplications in the number of borrowers arise in cases where the Corporation makes authorizations
to a bank or trust company under more than one of the classifications under sec. 304 of the act approved
Mar. 9, 1933, as amended.
~
22
REPORT OF RECONSTRUCTION :B.,INANCE 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, 1940, inclusive, by States 1
TABLE
GRAND TOTAL
State
Number of
authorizations
Num-1
ber of Amount authorborized
rowers
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
-- -Alabama _____ ____ _____ . _ 614
$6,168,478.05 $37, 07,5, 133. 20
$44,970,102.75
376
$9,079,653.07
Arizona _________ __ ______
12, 8M, 728. 10
12, 611, 279. 95
25,907,400.63
157
101
6, 152.938.64
Arkansas _______ ____ ____
12,704,770. 29
55,837,297.43
,584
69,009,305.39
863
19,507,224.68
California ____ ____ _______ 1, 119
62. 754, 447.95 623,729,965.60
736,057,013.76
661
96,846,922. 85
Colorado __________ ______
7,485,150.28
22,216,587. 94
30,031,655.78
429
311
5,831,363.87
Connecticut_. ____ ______
5, 770, 971. 24
31,868,533.38
38, 038,271.24
213
330
9,548,806.08
Del ~ware ________ ___ ___ _
2,337,200.00
1,149,700. 00
~.514,400.00
33
30
231,072.25
5,515,362. 09
37,815,444.01
District of Columbia ___ _
32,236,292.50
73
2,318,951.52
lCO
Florida _____ ____ ___ --- -·
7, 2-18, 148.09
24,911,883. 93
36,341,861.37
309
675
9,892,612.25
Georgia . _______ . ________ 1, 201
8, 2ti3. 01'.i. 88
41,799,051.43
32,316,786.59
920
7,560,315.58
Idaho ______ __ _____ _____ _ 303
2, 4--10, 823. 56
16,135,683.94
13,160,336.29
170
3,155,608. 10
Illinois ____ __. ____ __ ___ __ 2, 15E 1, 325
67,731,112.34 389,315, '263.60
4.57, 994, 154. ~~
61,180,012. 83
Indiana ___ ________ ---- -- 1,078
16,R28,873.01
86, 702, .">36. 54
69,353,458.44
770
10, 744.077.06
Iowa ______________ ____ .. 1,180
15,218, 031. 67
75,393,677.82
90,794,062.33
763
4,657,985.27
Kansas _________________
4,737,530.87
22,421,917.29
17,512, 8fi7. 74
.550
712
4,124,038.87
Ken_t~cky _. _. ___ __ ____ _ 785
13, 481, 341. 41
54,967,528. 61
40,546,090.97
C>34
7, 116. 908. 68
Lomsiana. ________ _____ _
88,807,519.40 135, 861. 374. 91
223,422,335 .60
740
382
21,715,184.96
l\faine __________ ___ _____
11, 197, 810. 58
89, HH, 359. 02
67,911, 315. 71
129
230
6,602,519.55
Mar yland. _______ ______
16, 511, 637. ,58 129,506,703.41
152_, 909, 158. 53
42.5
291
26, 403,583.19
Massachusetts _______ ___
,505
17,132,787.66
105,237,793.38
86,753,600.61
675
16, 411, 318. 77
Mich iirnn _________ ____ __ l, 587
551, 910, 787. 31 112, 75~, 023. 86 435, 689, 901. 99
911
17.681,~09. 62
Minnesota ____ ··- ________ 1,067
6,857,722.31
35,968,249.82
43,0~9. 793.50
7:36
6,664,992.23
Mis<;i-,sip pi _____ __ ______
,543
5,38<J,OS7.G4
8fi 11
61, 764,69905
50,544,312.99
15, 148, \)52. 44
Missouri_ __ . __________ •. 1,331
141,062,576.38
36,570,844.61
98,729,657.14
883
23,097,937.72
Montana __ _______ ______
17, 272, .599. 78
2,013, 772. 17
14,779,084.81
390
237
2,732,484.90
Nebraska _____ ___ _______ 1,401
27,441,383.40
4,589,648.19
470
22,409,907.60
5,030,507.93
Nev 8-d a_ . _____ ___ _______
4, 515. 580. 82
11, 245, 919. 42
8, 71.5, 338. 60
73
36
579,720.76
New HRmpshire ___ _____
6,5
~, 598,053.00
1,824. 200. 78
6,693,852.22
54
905,470.44
New Jersey . ________ ____ 1,446
291, 795, 5:n. 48
12, 713, ~1:kt •18 2-11, 421,391.34
fl.'31
98, 484. 588. ,)0
Ne"\- Mexico __ ___ _______
1, 82fi, G38. 13
12,315,250. 06
10, 109, 047. 80
141
100
6, 078,593.36
New York ___ _____ ______ 2,196 1,538
884. 8!\4,040.34 202, 19..'3 , 855. 2.5 017,293,529.27 115, 680, llo. 75
North Carolina ____ ___ __
78 067, 114. 45
15, J 9-1, 372. 48
733
61 567.888.40
7,387,508.02
531 I
North Dakota ____ __ ____
14,441,956.73
1. 652. 876. 45
403
298
12.677,680.01
2.
836. 631. 30
Ohio __ ______ ______ ______ 1,677 1,
650,608.882.08 140, 397, 031.13 461, 740.422.94
53,556,254.69
Oklahoma ______ __ ___ __
28,409.640.44
494
2,472,058. 99
25,468,589.74
1,870,482.86
2731
0 reg on . ____ __ __ ______. _ 624
5, 861, 294. ,15
31,838,727.54
344
24,981,102.75
6,469,637.20
Pennsylvania. ____ ___ . __ 2,420 1, 616
79,246, 7fi6. 75 342, 9.51, 715. 18
427,.540,977.09
54, 183.383.99
Rhode Islanrl ____ . ______
7,390, 308.43
6,461,572.29
47
35
875. 485. 76
2,032,85.5.00
South Carolina ___ ___ ___
40, fl43 0'37. 17
299
192
6,538,421.55
33,461,407.55
3, 762,165.81
South Dakota . _________
19,108, 799.58
476
4,240; 169.5.6
14,849,005.02
323
2, 42·6, 940. Q2
Tennessee ____ ____ ______
544
138.
140,
551.
850
06
23,
321,
260.89
113,
313,078.
68
24,995,740.18
Texas ____________ __ _____ 1,642 1,182
160, 265, 292.55
20, 996. 35'fr 38 122,969,984.82
39,028.533.10
Utah ________ ____ _______
23,893, 764.94
4, 531. 378. 05
18,894,903.15
2.50
157
1,970,693.64
Vermont. .. ______ - - _. __ 29,044;696.63
163
107
2, 366, WO: 27
26,636,916.36
15,766,348.89
Virginia __ ________ ______
67.255,973.54
411
42,726,589.36
584
9,175, 698.94
9,501,800.57
Washing ton ______ ______ 3 2,187 1,400
105, 679, 912. 83
16,705,145.04
66,964,968.21
33, 753.669.42
West Virginia ___________
49,247,215.77
537
6,682,158.87
42, 100, 511. 63
334
3,239,065.07
Wisconsin. _____________ 1,519 1,121
131,356.916. 13
20.212,227. 79 109,817,827.15
24.
200, 191. 85
Wyoming _______________
6,755,852.00
128
68
5, 610, 561. 74
1,040,123.35
873,087.05
Alaska ____________ ______
3,181,100.00
25
2, 127, 500. 00
17
455,284.51
1,110,000.00
Hawaii _________ . _______
5
1,444,935.00
4
1,230,832.00 -- -- ---- -------214,103.00
Puerto Rico ____________
41
8,053,000.00
35
1,329,939.78
818,298.67
5,196,560.22
Virgin Islands __________
1
251,000.00
3
126,000.00
119,000. 00
125,000.00
Total _____________
39,537 25,877 6,444,244,325.58 ,1,186,941,07?.8614,983,497,040.80 : 924,921,036.17
rnsl
---See footnotes at end of table.
REPORT OF RffiCONSTRUCTION FINANCE CORPORATION.
23
4.-N·umber of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelat1:ons, d1:sbursements,
and amount outstanding, from Feb. 2 , 1932, to Sept . 30, 1940, inclusive, by States 1Continued
TABLE
GRAND TOTAL-Continued
State
Number of
authorizations
Number of Amount authorborized
rowers
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
---AUTHORIZATIONS f
Loans to The RFC
Mortgage Company __
18
Loans to Federal National Mortgage Association_. _____ . _.......
4
Loans to Federal land
banks... _. _. _. ___ ..... 10 57
Loans to Federal inter•
mediate credit banks ..
8
Loans to regional agricultural credit corporations (rediscounts).. 1,343
Loans to ra.ilr oads (includinQ" receivers and
trustees) ______________ 13 213
Loa!lS to Secretary of
Agriculture to acquire
cotton __________ ______
2
Loans to Commodity
Crec!it Corporation. __
28
Loans for financing exports of agricultural
surpluses ________ _____
10
Loans to, and purchases
of capital stock of, corpor:itions created by
the Reconstruction
Financi: , Corporation
to aid in national de11
fen~~-- - --------- -----Subscriptions for stock
of:
The RFC Mortgage
Company _________
3
Federal National
Mortgage Association ... ___________
1
Subscriptions for preferred stock of:
Export-Import
Bank of "\\'ashington ____________
4
Second Export-Import Bank of
D.
cWashington,
________ _________
1
--------- ------- $139, 218, 364. 86
$36, 160, 133. 43
108,873,652.64
70, 030, 414. 09
387, 236, 000. 00
-----------------------------·-
1
$143,368, 261. 03
1
133,962,793.11
----------------
399, 636, 000. 00
$12,400,000.00
12
11
11
8
9,250,000.00
--- -------------
9,250,000.00
12
178,840,452.48
5, 596, 811. 76
173,243,640.72
----------------
892,568 716. 95
107,316,755.89
779,873,022.06
470,039,040.53
1
23, 500,000. 00
20,200,000.00
3,300,000.00
1
1,604,712,664.99
836,995,702.78
98, 445, 245. 68
46,146,368.56
47,298,877.12
46,895.99
4
249,000,000.00 ----------------
10,395,055. 27
10,395,055.27
1
25,000,000.00 ----------------
25,000,000.00
25,000,000.00
1
11,000,000.00 ----------------
11,000,000.00
11, 000,000. 00
1
99,000,000.00
----------------
74,000.000.00
74,000,000.00
1
2,500,000.00
----------------
2,500,000.00
----------------
86
-Grand total.. __
6
13
12
41,240 26,013 10,315,028,459.82i2,215,596, 711.85
See footnotes at end of table.
--------------·767,716,962.21 ----------------
5 IS 7,522,402,615.63 1s
l ,621,eOl,576.33
TABLE
4.-Nuniber of authorizations and borrowers, to which authori zations were made; and amount of authori zations, withdrawals or
cancelations, dis bursements, and amount outstanding, f rom Feb. 2, 1932, to S ept. 30, 1940, i nclusive, by Statcs1-Continu ed
~
~
BANKS AND TRUST COM P ANTE S
~
trj
~
'l'OTAL-LOANS TO BANKS AND TR UST COMPANIES
(Loans to open hanks and trust companies, and loans to aid in the reorgan ization or liquidation of closed banks and trust companies]
0
~
State
labama _____ ____________ __ ___ __ _______ _____ ___ _.. __ _____ ___ __ __
rizona . . __________ _______ ___ ____ __ ______ __ ___ _____ ___________ _
rkansas ___ ____ ___ ___ ___ ___ ___ __ ____ ___ ____ ____ ___ ____ ____ ___ _
alifornia ______ ___________ : ___ ___ __ _____ ___ ___ _____ _________ ___
olorado ____ __ ___ __ _______ _______ __ ______ ______ __ _____ ________ _
onnecticut _____ _____ ____ ________________ _____ ____ __________ __
elawRre ____ ______ ___ __ _ ______ ___ ____ _____ ____ _____ _____ __ ____
istr ict of Columbia _____ _____ _____ ___ __ ____ ___ ______ __.. _____ __
lorida __ ____ ______ ____ __ _____ ______ __ _____ ___ __ ____ __ ___ ______
eorgia ______ __ ___ __ ____ ____ ______ _____ ____ _____ _______ __ __ __ __
laho . ________ ____ __ ___ ___ __ ____ _______ ___ ______ ___ ___________ _
linois
___ ___ ___ _____ _____ _______ __ ___ _________ _______ __ __
I ld iana______
___________
__ _____ ___ ___ ___ ____ _______ _____ __ ___ _____ __ _
I
wa
____
_____
_____
____ ___ _____ __ ___ ____ . __ _____ _______________ __
I ansas __________ ___
__ ___ ___ __ _____________ ____ ___ ________ ___ __
entucky ____,, ___ _____ ___ __ __ _____ _____ __ _____ _______ _______ ___
Juisiana ____ ______ __ ___ ____ ______ _____ _____ _____ ___ ___ ________
:aine ___ ______ ___________ ___ __ ___ ______ ___ ___ __ _______ __ __ __ __
:aryland ___ _______ ___ _____ ______ __ __ ____ ___ __ __ ______ __.. __ ___
:assachusetts ___ ____ ___ __ ___ ___ ___ _______ _______ _____ ___ ___ __ _
j~1::ls~~a= ====
=============
=== ===__=~==
== === ===
==
:ississippL
____=======
___ ___ ==
___===
_____
____ ______ ===
___ _____
_________
____
[issouri _______ ___ ___ ___ ________ __ __ _______ _____ ___ ____ ___ ___ __
:on tan a __ _____ ____ ___ __ _____ ____- ___ . __ - - - - _- _. - - - -- - _- - • - - - ebraska ___ ______ __ _____ _____ __________ ___ ________ _____ __ ___ __
evada_·
--- - - - - -____
- -- -____
- - --_____
-- - --______
- - - - - -- -- -____
- ---_____
- -- --____
------ --_
ew
Hampshire
___--____
____--___
ew
JerseY --- - --- -~- ----_____
-----__--- -- - -- - -- - -- -______
- --- --__- -__ewMexico
___--______
____
__ -___
__ -______________
ew York ___ _______ ____ __ ___ ____ ______ ____ ___ ____ _____________
orth Carolina __ ____ _____ ____________ __ ___ ____ ____ ____ _____ ___
N orth
D akota ___ ___ ________ __ ______ ___ __ __ __ __________ ____ ____
Net
number
Number Number
L ess:
of b an ks
of banks
of
Duplica-· an
and
trust
d trust
au t horitions s
comcomzations
pan ies
panies
~
Amount
authorized
15 1
287
100
1,270
509
880
299
380
376
117
158
144
948
559
257
625
99
462
37
18
387
31
429
247
186
J.59
20
171
181
81
34
3
39
120
162
54
721
309
544
195
194
1.58
42
92
68
502
321
144
368
57
245
15
13
171
20
223
133
113
21
4
13
19
6
4
------ --- 14
10
16
4
109
32
41
28
15
26
9
1,5
6
116
32
15
53
5
49
4
-- -- -- --20-3
29
13
4
Amount
disbursed
- - - -- - 138
16
158
162
75
30
3
25
110
146
50
612
277
503
167
179
132
33
77
62
386
289
129
315
52
196
11
13
151
17
194
120
109
A mount out.st andin g as of
8( p t. 30, 1!)40 2
0
ttj
~
f:tj
--
316
39
315
42·9
132
80
3
104
Amount withdrawn or
canceled
$13, 995,042.74
2,061,300.00
27, 808, 040. 66
128,652,870.24
5,528, 043.50
19, 998, 217.73
257,000.00
31, 225, 001. 41
8,959, 397. 83
13,154, 675.00
6,0.59, 856. 72
220, 983,186. 24
48, 179, 374. 00
63, 025, 367. 33
8,889,029.24
20, 780. 857. 60
124,381,113. 35
61 , 827,134. 02
66,294,405.96
n8, 401 , 848. 32
438, .569, 430.51
13,889,526.26
18,463,259. 36
62, 981, 502. 84
3,120,987. 51
8, 095, 800. 43
8, 242. 232.49
1, 794, 000. 00
89,897,892. 30
2,032,773. 54
121,379,215. 93
39, 322,626. 47
8, 212, 878. 73
$3,894, 041. 75
187,048. 27
5,828, 689. 39
8, 1n. 571. 08
1, 147, 426. 81
2, 569,703. 55
8,000.00
3, 022,536. 01
3, 938, 182.78
2,866, 075. 38
801, 733. 85
34,893, 155. 94
9,768,418. 87
8, 550, 461. 07
l , 860, 458 . 51
3, 451 ,468. 31
33, 664, 252. 69
7, 880,254.21
9,178,745. 12
8,717,853. 35
97, 134, 993. 11
3,555,582. 54
2,615,628. 19
22, 128,918. 27
405, 874.04
1,516, 286. 03
846, 599. 74
356,139. 92
16, 026, 352. 78
617,776.26
20, '119,822. 70
10,300, 829.87
1, 079,678. 70
--$10,101,000. 99
1, 874, 251. 73
21, 971, 327. 96
119,879, 299. 16
4, 380, 616.69
17, 428, 514. 18
249, 000.00
28,202, 465. 40
5, 021 , 215.05
10, 288,599.62
5, 25~, 122. 87
186, 083,630.30
38,410, 955.13
54,474, 906.26
6,977,945. 80
17, 329,389. 29
87, 039, 060. ~7
53,94G, 879. 81
57, 11 5, 660.84
59, 683,994. 97
340, 483,455. 24
10,333,943. 72
15,847, 631.17
40,852, 584. 57
2, 715,113.47
n, 579, ,514. 40
7,395,632. 75
1,437, 860. 08
73,871,539.52
1,414, 997. 28
100, 1,5H, 893. 23
29, 021,796.60
7, 133,200. 03
--- --
- - - --
-- - --
0
$178,752.32
--- --- -- -763, 468. 27
20, 434 . 78
2, 804. 09
419, 469. 24
-- -- - -- - - -
364, 849. 60
161,834. 95
535,841. 61
---- -- -- - -
44,335, 001 . 89
174,748.40
10, 871. 41
39,431.33
36,029. 87
12,980, 931.11
65.81
702, 045.00
4,430, 932.72
10,024, 764. 21
27, 057.67
123,253. 46
1,217,589. 80
-----
- - - --
---- ------
0
z
w.
~
~
0
~
H
0
z
ttj
H
z
z('.)>
trj
l)
0
~
6
~
~
192, 158. 3n
55,753.03
H
- --- - - - --- -
0
2, 986, 494. 90
3, 171.64
7, 941,722. 70
25,098.40
319, 004. 51
z
Ohio ________________ __________________________________________ _
Oklahoma ___ ______ ________ ________ ____ _______________________ _
Oregon ___ _____ ____ __ _____ _____ _________ _________ _________ ____ __
Pennsylvania _________ ___ ______ __________ _______________ ___ ___ _
Rhode Island ___ _______ __ __ ___ _____ __ ____ _____________________ _
South Carolina _______ _____ __ _____ ____________________________ _
South Dakota ___ __________ ____________ ___ ____________________ _
oo Tennessee ______ ____ _____________ ___ __ _________ ____ ________ ___ _
~
~
~
l ii~~~~~~=== == ======= ==== ============ === === === ==================
I
~fi{~;;~~:~::::::::::: :::::::::::::::::::::::-::::::::::::::
j,j:,,.
West Virginia ___ ____________ __ __ _______ _______ __ _____ ____ __ ___
vVisconsin ___ ___ ___ __ ______ ____ _______________ _______ ______ ____
Wyoming ___ _______ ___ _____________ ______ _______ _____ ______ __ __
Alaska ______ __ ___ __ ___ ___ ___ _______ _________ _______ _____ ____ __ _
Hawaii __ ___ ______ ___ _____ _____ _____ ___ ____ _______ _____ __ ___ __ _
Puerto Rico ____ __ _______ ____ _______ __ _______ ______ _______ __ ___
Total ____ ____ __ ____ ___ ____ __________ ____ _______ ______ ___ _
531
312
229
1,125
7
119
277
433
530
95
86
235
391
300
735
41
2
2
7
15,831
302
33
14
147
13
94
600
70
2 ---------61
7
18
165
219
21
19
277
58
2
37 --- ------ 8
125
18
166
17
155
507
58
18
1
2 ------ ---2 ------- - - ..
5 ------ ---8,614
--1,034
269
133
81
530
2
54
147
198
258
56
37
ll7
148
138
449
17
2
2
5
7,580
95,241,639.72
392,651,182.37
1,527,452.81
5,145,324.53
1,856,700. 93
10, 156, 801. 13
52,001.012. 41
219,337,659.65
260,160.26
1, 911, 855. 76
2,917,790.92
23,771,946. 13
1,184,120. 76
5, 458, 591. 56
6,456,646.67
73,117,431.50
5,416,436.39
37,479,766.21
2,482,932.46
9,336,387.52
2,218,289.77
ll,314,09G.63
3,380,989.68
20,350,808.67
13,010,620.41
42,679,179. 91
3,685,000.57
25, 089, 355.84
11, 688, 326. 50
43, 097, 711. 89
290,041.53
1,480, 574.42
100,000.00 -- -------- -- -----14,103. 00
850,000. 00
372,694.25
2,703, 000.00
288,2 61,176.64
3, (] 17,871. 72
8,3 00, 100.20
166,8 67,147.24
1, 651,695.50
20,8 54,155.21
4,2 74,470. 80
66,6 60,784.83
32,0 63, 329.82
6,8 53,455.06
9,0 95,806.86
Hi, g69,818.99
W,6 68,559.50
21, 404,355.27
31,4 09.385.39
1, 196, 532. 89
100,000.00
835, 897.00
845,305.75
532, 211, 518. 13
2, 133,8 90,847.15
2,682,501,561. 98
39,384.92
3,675.02
2,141,397. 45
165,348.47
l, Oll, 349. 16
195,594.08
1,805,856.51
4,224,355.30
184,976.51
---- ----- - - 62,209. 13
1,225, till. 87
222,522. 60
12, 751. 95
~
~
0
~
H
0
~
~
t-:j
n
0
99,368,674.05
z
w
H
~
See footnotes at end of table.
~
Q
H
H
0
z
~
i,--.
z
~
z0
t::j
(j
0
~
~
0
~
~
H
H
0
z
ty
c.n
26
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
LOANS TO OPEN BANKS AND TRUST COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
State
Number of
authorizations
Num-1
ber of
banks
and
trust
<.;Ompanies
Amount
authorized
Amount
withdrawn or
caneeled
Amount
disbursed
Amount outstanding as of
Sei. t. 30, 1940 2
---Alabama __ ____ . __ .. ____ .
Arizona ___ ._. __ . ________
Arkansas _______________
California. ______ . ___ . ___
Colorado ______________ ._
Connecticut. ______ ._ ...
Delaware _______________
District of Columbia ____
Florida ____________ .... _
Georgia _____ ____________
Idaho _________ __________
Illinois. _________________
Indiana_. _____ __ ______ ._
Iowa ____________________
Kansas _________________
Kentucky _____ ....... __
L omsiana_
..
. _____ . _. ___ . _
Maine __________________
Maryland. __ . __. _______
Massachusetts. ____ . ____
Michigan ______ _________
Minnesota ______ . ______ .
Mississippi. ____________
Missouri ____________ . ___
Montana .. ____ . ________
Nebraska _______________
Nevada ___ ______________
New Hampshire._._ .. __
New Jersey _____________
New Mexico ____________
N ew York ____ __________
North Carolina _________
North Dakota. _________
0 h io _. ____ ... ___ ........
Oklahoma. _____________
Oregon ________ . ____ . ___
Pennsylvania ___ . _______
Rhode Island ___________
South Carolina _________
South Dakota ____ . ___ .•
Tennessee_ ... ____ . _. __ .
Texa~-- -------- - ------Utah ___________________
Vermont. __ ... _______ . _.
Virginia ___ . ____ . ____ . __
Washington_. __________
West Virginia ___________
w·1sconsm
. __ .. _.. ___ . _. _
Wyoming _. ______ . __ .. __
Alaska .. __ .. ________ . ___
Hawaii. __ . _____ . _____ ..
Puerto Rico ____________
$7,713,930. 28
1,596,800.00
16,742,188.05
111,337,704.09
3,588,593. 30
16,667,217.73
257,000.00
14,560,660.06
2,136,025.56
7,931,679.52
2,431,456.72
153, 193, 291. 21
20, 560, 071. 28
44,193,665.13
5, 192,329.24
10,592,496.37
72, 553,601.47
18,145,157.52
52,526,345.68
68
32,683,000.00
38
302 109,457,862.07
8,120,679.13
239
114
10,942,299.42
262
45,366,775.47
1,981,787.51
48
144
4,044,695.16
5,037,667.92
9
12
1,294,000.00
128
56,934,402. 39
13
1,154,300.00
59,145,679.10
131
88
24, 105, 974. 99
5,571,534.75
77
181 123,632,925.80
93
2, 114, 103. 38
76
6,185,080.88
334
86,675,095.03
1
500,000.00
33
13,859,502.83
101
2,913,859. 00
177
51, 863,412. 18
221
24,579,724.80
40
4, 648, 112. 00
31
9,964,296.63
106
12,830,608.67
133
19,584,293.90
93
11,842,215.68
395
29,363,984.76
13
1,301,074.42
2
100,000. 00
2
850,000.00
3
1,218,000.00
246
105
24
12
232
130
334 . 144
81
58
74
30
3
3
61
24
59
42
210
105
81
45
661
393
271
185
654
433
120
184
284
151
321
128
60
23
115
75
504
419
211
427
85
321
25
17
266
24
226
166
110
278
232
192
614
2
62
166
355
415
67
73
198
316
175
569
32
2
2
5
---Total .........••.. 10,586 5,839 1, 334, 787, 161. 08
See footnotes at end of table.
$808, 371. 66
2,250.00
1,783,123.16
5,625,444.09
705,455.48
1,894,469.07
8,000.00
485,587.62
193,370. 48
595,206.96
437,527.12
14,636,023.62
2,474,790.69
5,107,729.05
666,171. 07
572,921.92
22,286,785.28
3,706,203.05
6,848,983.31
3,633,742.81
28,811,892.34
613,422.82
1,059,626.24
17,743,212.73
175,253.27
323,838.83
114,000.75
316,542.23
4,117,430.04
478,622.64
6,414,538.49
3,861,672.92
147,682.90
24,063,555.67
96,584.08
1, 166,010.54
4,998,934.09
4,375.00
994,271.84
82,903.41
4,859,433.25
3, 601, 352. 65
58,830.31
1,933,489.06
2, 056, 771. 47
9,673,913.91
348,239.92
5,423,020.26
104,541.53
--------------14,103.00
372,694.25
196,502,916.88
$6,005,558.62
$123,149.69
1,594,550.00 ---------------14,959,064.89
142,578.42
105,712, 260.00 ---------------2,883,)37.82
2,804.09
14,772,748.66
419,469.24
249,000.00 ------------ ---14,075,072.44
123,000.00
1,942,655.08
33,420.16
7,336,472.56
390,000.23
1,993,929.60 ---------------138,557,267.59
42,761,906.53
18,085,280.59 ---------------39,085,936.08
6,225.76
4,475,533.24
35,985.75
10,019,574.45 ---------------50,266,816.19
1,354,872.88
14,438,954.47
65.81
45,677,362.37 ---------------29,049,257.19 ---------------80,645,969.73
6,485,869.62
7,507,256.31
4,359.99
9,882,673.18
33,422.70
27,623,562.74
1,053,632.82
1,806,534.24 ---------------3,720,856.33
72,914.08
4,923,667.17 ---------------977,457.77 ---------------52,816,972.35
853,153.52
675,677.36
3,171.64
52,731,140.61
6,168,839.80
20,244,302.07
25,098.40
5, 423, 851. 85
36,853.16
99,569,370.13 ---------------2,017,519.30
-----5,019,070.34 ---------3,675.02
187,777.52
81,676,160.94
495,625.00 ---------------12,865,230.99 ---------------61,277.73
2,830,955.59
1,727,728.54
50,003,978.93
20,978,372.15
1,387,918.27
4,589,281.69 ---------------8,030,807.57 ---------------10, 773, 8.37. 20
46,437.42
9,910,379.99 ---------------11, 493, 975. 76
222,522.60
23,940,964.50
6,630.98
l, 196,fi32.89 ---------------100,000.00 ---------------835,897.00 ---------------845,305.75 ---------------1,138,233,619.27
63,774,762.37
REPORT OF RECO~STRUCTION FINANCE CORPORATION
27
4.-~Vumber of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelat1·ons, disbursements,
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
BANKS AND TR UST COMPANIES-Continued
LOANS TO AID IN THE REORGANIZATION OR LIQ U IDATION OF CLOSED BANKS AND TRU ST COMPANIE S
[Includes loans to receivers, liquidating agents and conservators, and loans through mortgage loan companies and through a livestock credit corporation to aid in the reorganization or liquidation of closed banks,
under sec. 5 of the Reconstruction Finance Corporation Act, as amended; and loans on the assets of closed
banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, as amended]
State
NumNum - ber of
berof banks
au- and
thor- trust
iza- comtions panies
Amount
authorized
Amount
withdrawn or
canceled
Amount
disbursed
Amount out•
standing as of
Sept. :~o, 1940 2
---Alahama ____ ________ ____
Arizona __ ___ _________ ___
Arkansas __. ___ _____ __ __
California __________ _____
Colorado ___ __________ ___
Connecticut ______ ______
District of Columbia ____
Florida ________ _________
Georgia ___________ ______
Idaho _ ______________ ___
Illinois ________ ______ ___ _
Indiana ____ ____ _______ __
Iowa __ ________________ __
Kansas ______________ ___
Kentucky. ___ ___ __ ___ __
Louisiana ____ __ ___ .. ___ __
Maine __ __ __ ___ __ ____ ___
Mary land ____ _______ ___
Massa('busetts ________ - _
Michigan __ ____ _________
Minnesota ___________ __ _
M!ssissiJ?pL _____ __ _____
M1ssour1 ____________ ___ _
Montana ___________ ____
Nebraska __ __ ________ __ _
Nevada _____ ____________
New Hampshire ________
New Jersey ____ ____ ____ _
New Mexico _______ __ __ _
New York ___ __ ______ ___
North Carolina _____ ___ _
North Dakota ____ ___ ___
Ohio ____ __ __ ___ ______ ___
Oklahoma ____ __ ___ _____
Oregon __ _____ __ ____ ___ _
Pennsylvania __ ____ ____ _
Rhode Island ___ __ __ __ __
South Carolina ____ ____ _
South Dakota _______ __ _
Tennessee ________ ______
Texas _______ ____________
Utah __ __ __________ ____ _
Vermont __. __ ________ ___
Virginia ____ ____ _____ ___
Washington ________ __ __
·west Virginia ______ ___ _
Wisconsin ___ ___________
Wyoming _________ ___ ___
Puerto Rico _______ ___ __
70
15
83
95
51
6
43
92
111
19
609
238
226
115
96
55
57
43
69
444
140
46
198
14
141
12
1
121
7
203
81
76
253
80
37
511
5
57
111
78
115
28
13
37
75
125
166
9
2
54
8
41
37
23
4
15
78
57
9
328
124
111
75
43
30
19
24
30
200
82
30
106
9
101
6
1
43
7
92
45
36
12]
54
18
266
1
28
64
42
56
18
6
19
33
62
112
5
2
$6, 281, 112.46
$3,085.6i0.09
$3,195,442.37
$55,602.63
184, 79R 27
464, ."i00,00
Zl<J. 701. 73 ----- -- --------11,065,852.61
4,045,566.23
i,012,263.07
620,889. 85
17,315, 166.15
3,148,126.99
14,167,039. 16
20, 494. 78
441 , 971 . 33
1,497,478.87 ----- ------ -- --1,939,450. 20
675,234.48
3,331,000.00
2, 655. 765.52 ---•-- ----- - -- - 16, 664, 341. 35
2,536,948. 39
14, 127,392.96
241,849.60
6,823,372.27
3,744,812.30
3, 078, 559.97
128, 414. 79
2, 952, 127. 06
5,222,995.48
2,270,868.42
145,841. 38
3,264, 193. 27 ------ --- -- ----3,628, 400.00
364, 206.73
67, 789, 895.03
20, '257, 13'2. 32
47,526,362.71
l , 573,095.36
27, 619, 302.72
'i,293,628. 18
20,325,674. 54
174,718.40
18,831,702.20
3,442,732. 02
15,388,970.18
4,645. 65
1,191, 287.44
3,696, 700.00
2, 502, 412.56
3,445.58
10, 188, 361. 23
2, 878, 546.39
7,309, 814. 84
36,029. 87
51, 827, 511.88
11, 377, 467. 41
36,772, 244.18
11 , 626, 058. 23
39, 507, 92,5. 3,1 ----- ---- ------43, 681 ,976.50
4, 174, 051. 16
13,768,060. 28
2, 329, 761. 81
11, 438, 298. 47
702, 045.00
35, i18,848.32
5,081,110. 54
30,634,737.78
4,430,932.72
329,111,568.44
68,323,100.77
259,837,485.51
3,538,894.59
f,, 768,847.13
2,942,159. 72
2,826,fi87.41
22,697.68
7, 520, 959.94
l, 556, 001. 95
5, 964, 957.99
89,830.76
17,611, 727.37
4, 385,705. 54
13, 229, 021. 83
163,9M.98
1,139,200.00
230, tJ20. 77
908,579.23 ---- --- ---- --- -4,051,105.27
1, 192, 447. 20
2,858,658.07
119, 244.28
3,204,564.57
732,598.99
2,471, 965.58
."i5, 753. 03
500,000.00
39,597.69
460,402.31 ------ ---------32, 963, 489. 91
11, 908, 922. 74
21,054, ,567. 17
2, 133, 341. 38
139, 153. 62
878,473.54
739, 319.92 --- --- ----- ----62, 233, 536.83
14, 205,284. 21
47,425,752.62
1, 772,882.90
15, 216, 651. 4~
6,439, 156. 95
8,777, 494.53 -------------- -2,641, 343.98
931,995.80
1,709,348.18
282,151.35
269, 018, 2,56. 57
71,178,084.05
188,691,806.51 --- ------------3, 031, 221. 15
1,430,868.73
1, 600; 352. 42
39,384. 92
3, 971, 720. '25
3,281, 029.86 ---------------690,690.39
132,662,564.62
47,002,078.32
85,190, 986.30
1, 953,619.93
1,411,855.76
255,785. 26
I, 156, 070.50
165, 348.47
9, 912,443.30
1,923, 519.08
7,988, 924.22
l, 011, 349. 16
2,544,732. 56
1, 443, 515. 21
1,101,217.35
134,316. 35
18,254,0Hl.32
1,597,213. 42
16,656,805.90
78,127.97
12, 900, 041. 41
11,084,957.67
2, 836,437. 03
1,815,083. 74
4,688,275. 52
2,424,102. 15
2, 2o4. 173. 37
184,976.51
1,34!l,800.00
284, 800. 71
1,064, 999.29 -- ---------- ---7, 520, 200.00
1, 324, 218. 21
6, 195, 981. 79
15, 771. 71
19,758, 179. 51
1, 225, 611. 87
23,094,886. 01
3, 336, 706. 50
13,211, 140. rn
3, 336,760.65
9,910,379.51 ------ ----- ---- 13,733,727.13
6,265,306.24
7,468,420.89
6,120.97
185,500.00
185,500. 00 -- --- -- -- -- - - --- - - ---------------1,485,000.00 ---------- --- --- - - --- - - - - - --- - - - - - --- -------------
--Total ___ _____ _____ 5,245 2, 775 1,347, 714,400.90
See footnotes at end of table.
33.5, 708, 601. 25
995,657, 227. 88
35,.593, 911 . 68
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, 1.932, to Sept. 30, 1940, inclusive, by States 1-Continued
~
00
BANKS AND 'l"'RURT COMPANIES-Continued
~
trj
'l'0TAL- L0ANS ON AND SUBSCRIPTfONS FOR PREFERRED STOCK, AND PURCHASES OF CAP!TAL NOTES OR DEBENTURES, OF BANKS AND TRUST COMPANIES
M;l
fUnder the act approved Mar. 9, 1933, as amended]
0
~
Number
Number of
banks
uf autrust
thoriza- and
compations
nies
St.at.t-
l'viaine ___ ___
____
___ ___ ______
______
_____ =========
_______ __
Ei~\Y~!!_
~==______
== ====_________
==========
=========
=========
=======
Maryland __ ___ _______________ _____ _____ ________ ______ ___ _____ _
Massachusetts _____ ___________ ______ _____________ ___ __________ _
Michigan ____ _____ _________ _________ ________ __ __ ______ _______ __
Minnesota __ ____ __________ ____ ________ __________ __ _____ ____ ___ _
Montana
___ ___===
____
__ _________==__==_________________
___ _______ ___ =
_
~f~~~s~~f-~~~==
============
=============================
Nebraska ______ _______ _______ __ __ __ __ ____________ ___ _______ ___ _
Nrvada _____ _____ ________________ __ ___ _____ ___ ___ ___ __ ________ _
New Hampshire ____________ __ ___ _______________ ______________ _
New Jersey ___ __ ___________ _______ ___ ______ _________ ____ ______ _
New Mexico ___ _______________ _______________ __ ______ _________ _
New York ___________________ ________________ ___ ______ __ ______ _
North Carolina _______________________________________________ _
98
6
139
154
f\3
87
15
9
65
101
35
264
347
158
232
145
205
46
79
94
224
317
290
284
80
795
4
Hi
361
25
723
148
85
6
133
142
59
43
14
8
53
96
2l:i
254
308
154
221
136
201
45
70
70
207
290
288
254
79
211
j
Net numb f' r of
hanKs
Duplicaand trust
tions 7
companies
____
,
----,
Alabama _______ ___- ____ - _---- .. - - ---- --- ----- - - - - - - - -- - - - - -- ---Arizona ____________________ ____ __ ________ ___ ___ ___ _____ _______ _
Arkansas __ ____ ____ - _- _- - - - -- -- - - - -- - - - - - -· - - - - -- - - - -- -- - - -- - - - California _____ ______ _______ _____________ _____ __ - _- - -- - - - - ----- Colorado _____ ____ __ _________ ______ ___ __ ______ ___ ____ __________ _
Connecticut _____ ____ _______ ______ _____ _____ ______ __ __________ _
Delaware ____ ____ __ ___________ _____ ___________________ ____ ____ _
District of Columbia _________ ___ __ __ ___ - _- ___ - - - - -- - --- -- -- - - - Florida _____ ______ ___ ____ __ __ __________ __________ ____ _________ _
Georgia _____ ____ _______________ _______ _______ __ _______ ________ _
Idaho ______ ___ ___ _____________ ____ ___________ ___ __ __ ___ _______ _
Illinois ______ ______ __ __________ __ ____ ___ _____ _____ ___ __ ________ _
Indiana ____________ ___________ ____ _____________ _______ ________ _
Iowa _____________ _____ ______ ________ __________ ________ ____ ____ _
Kansas _____ __ ______ _______ _____ ____ ___ ______ ______ ______ _____ _
Less:
,
7
------- ----
G
4
- - -- - - -- --
1
-- - - ---- - -
--- ----- -7
1
1
2
--- ------1
-- - ----- ----- ------
81
4
2
--- -------
2
8
129
1
J.
19
50
4 - - - - - - - - -16 - -- - -- -- -278
30
22 ---------627
96
142
1
r-3
Amount authorized
,_
78
6
127
138
59
42
14
8
46
95
28
252
308
153
221
136
120
41
68
76
205
282
159
2.53
60
llil
4
16
248
:.!2
531
141
Amount \Vithdrawn or cance1ect
Amount disbursed
_,
_______
$16,493,200.00
$289,625. 00
2.5,000.00
2,455,000. 00
5,365,500. 00
946,500.00
108,423,070. 00
12,393,845.00
146,500. 00
5,040,000.CO
1,417,074.00
8,609,800.00
2, 112, 700. 00
2, 680,000.00
5,200,000. 00
2,300,000.00
2,332,200.00
131,000.00
5,897,500. 00
1,062,000.00
2,335,000.00
205, 000. 00
94,779,500. 00
3,048,385.83
18,839,250.00
1,873,000.00
2,402,000.00
12,665,000.00
6,049,250. 00
776,500.00
2,302,650.00
11, 382, 500. 00
16,607, 000. 00
1,060,000.00
2,047,500.00
11, 173, 000. 00
11,40~, 130.00
2,05£1,960. 00
20, 031,000. 00
3,356,800. 00
3,239,839. 00
43,965,100.00
18,083,125. 00
701,600.00
15,718,150. 00
1,055,000.00
25,928,300. 00
4, 893, 37-5. 00
183,500.00
4,214,000.00
970,250.00
9,593,300.00
205,000.00 -------------- ---611,365.00
1,398,000. 00
9,540, 2~3.93
106, 001, 800. 00
362,500.00
1, 077, 500. 00
75, ,531, 540. 84
412,931,200. 00
694,000. 00
8, 182, 500. 00
$16,203,575.00
2,430,000. 00
4,419,000.00
96,029,225.00
4,893,500.00
7, 192, 126. 00
,567, 300. 00
2,900,000. 00
2,201,200.00
4,835,500.00
2,130,000. 00
91, 731, 114. 17
16,966,250.00
10,263,000.00
5,272,750.00
9,079,850. 00
15, .547,000.00
9,125,500. 00
9,348,170.00
16, 674, 200. 00
40, 725, 261. 00
17, 37R, 525. 00
14,663,150.00
21,034,925.00
4,030,500.00
8,608,050.00
205,000.00
786,635.00
94,461,516.07
715,000.00
335,522,659.16
7,488,500.00
Amount outstanding as of
Sept. 30, HMO 2
0
~
~
~
Q
$7,426,822.96
1, 190, 400. 00
2,233,080.31
63,937,645. 91
1,652,800.00
5, 110, 951. IJO
208,700.00
1,587,800. 00
778,571.06
2,346,295.57
1,095, 200. 00
7, 911. 926. 93
8,997,460.00
4,198,235.00
2, 710, 324. 23
5,430,766.37
Fi, 534, 767. 50
4,9i6, 610. 14
6,318,952.41
6, 901, 761. 40
24,210,752. 06
6,008,775.00
6, 158, 582. 50
5,725,259.34
773,930.00
1,672,845.69
12,500.00
260,135.00
77,729,339. 20
457,000.00
67, 845, 641. 77
3,632,950.00
0
~
tn.
r-3
~
§
H
0
z
~
H
z
z0>
(lj
Cl
0
~
~
0
~
~
0
z
H
North Dakota _____________________________ _______ ________ __ __ _
Ohio ____ _______ _________ ____ ___ __ __ _________ ______ ______ _____ __
Oklahoma . __ _.. ______ .. _. _.. __. . . - . .. . . . ... ... ... _. -. ___ . . . . ___ - Oregon ______ __ __ __ _________ . - .. . -_. . -. - . - - _- . __ . __ ______ _-... _. .
Pennsylvania ____. ___ __ . _____ _. _ . __ ___ _______ __ . ___ _____ ____ __
Rhode Island _____ __. _. __ ___ . ___ ____ ___ ____ _____ ___ . __ _____ __ __
South Carolina __ ________ ___... __ . ___ _____ .. ________ . _________ __
South Dakota.. _.. ___ __ ______ __ ____ ___ ____ .. _______ _.. __ .. ___ .. __ ___
Tennessee
_--___
-- ----___
----------------- ----_
'fex~s
___ _______
_______
__ ----__ ___ ----____ __- -____
_______
__ -____
___ ______
U ta h ___ _____ ______ ______ ____ _____ __ ___ ____ _________ __________ _
Vermont ___ ______ _______ __ ____ __________ ___ ______________ _____ _
Virginia __ ___ ______ _______ ___ __ ______ __ ___ _____ _____ __ _______ __
Washington __ . ________ __ ___ __ _____ _____ ___ ____ ____ _______ ____ _
West Virg"inia. ___ ___ __ ___ _____ ____ ________ ___ _________________ _
, visconsin _________ _______ _____ ____ ___ _______ _______ ____ ______ _
Wyoming _________ __________ _________ ____ ____ ______ ___________ _
Alaska __ _____ __ _______ _____ ____ _____ ___ ____ __________________ __
Puerto Rico . ____ _____ ___ ____ __ ____.. _____ ______ _____ _____ __ • _.. _
Virgin Islands . ___ ____________ ________ ______ ___________ ____ ___ _
~
Tot· 1I . ___ ____ _______ ____ ________ __ ________ _______._______ _
Subscriptions for preferred stock of:
Export-Import Bank of \Vashington 4_ _ _ _________ _ _ _____ __ _
Serond Export-Import Bank of Washin~ton, D. C.•. ___ __ _
Grand total_ _____________ __ ____ ______ ______________ _____ _
See footnotes at end of table.
155
461
82
61
452
5
46
143
138
467
45
62
177
118
105
_529
31
1
4
3
8,694
4
1
8,699
143
2
438
3
58
6
56 -------- -386
lJ
4 ------ ---41 - - - -- ·· -- - ·
129
1
135
2
447
4
44 ---------60 ------- --164
1
112 ------ ---95 --------- 458
4
27
2
1 --- ------4
1
1 ------- --7,354
141
135
52
56
375
4
41
128
133
443
44
60
163
112
95
454
25
1
3
1
490
6,864
1 ---- -----1 - -- --- ----
1
1
7,356
490
6,866
4,534,500.00
490,000. 00
100, 565, 764. 00
7, 133, 527. 00
11, 301, 000. 00
357,000. 00
2,300,000.00
350,000. 00
56, 286, 850. 00
10, 276, 753. 50
1,100,000.00
201,500.00
2,946,800. 00
160,000.00
4,522, 100.00
84,000.00
14, 221, 5,50. 00
1,662,500. 00
36,594,750.00
5,190,625.00
4,360,000.00
315,000.00
17, 29,5, 000. 00 ---- - -- ---------- 12,788,000.00
2,093,350. 00
8,246,500.00
1, 732, 000. 00
6,996,000.00
534,933.34
38,313,500.00
4,727,900. 00
1,687,500. 00
320,000. 00
37,500.00 ---- --------- - ---1,500,000.00
250,000.00
2.51, 000. 00
126,000. 00
1,340,912,189.00
173,747, 982.44
99, 000, 000. 00 -- - ---------- -- - - 2,500,000.00 -- -- ---------- - --1,442,412,189. 00
173, 747, 982. -14
4,044,500.00
1,984,883.43
93,432,237.00
43,482,752.29
10,944,000.00
1, 298, 858. 78
1,950,000.00
545,575.00
46,010,096.50
33,231,986.80
898, ,500. 00
625,220. 00
2, 786,800.00
1,379,900. 00
4,438,100.00
2,092,733.54
12, ,559, 050. 00
9,148,857.73
31,404,125.00
13, 104, 640. 28
4,045,000.00
1, 135, 611. 43
17,295,000.00
15,632,175. 00
10,694,fi50.00
5, 391, 078. 7,5
G, 514, 500. 00
2,423,525. 00
6, -Hll, 066. 66
2, 280, 49fi. 74
33,585,600.00
20, 747, 239. 17
1,367, !i00.00
fi24, 200. 00
37,500.00 ---- --- ------ -- --1,250,000.00
290,000. 00
125,000.00
119,000. 00
--
1,163,272,206.56
490,515,515. 29
74,000,000.00
74,000,000. 00
2,500,000.00 - ---- --- -- - ------1,239,772,206.56
564,515,515. 29
~
ti,
~
0
~
H
0
~
::0
f.Tj
(1
0
z
w
H
~
q
0
H
~
0
z
~
1-i
z
>
z
0
~
0
g
6
~
>
8
1-i
0
~
t...:>
~
30
REPOH'l' OF RECOXSTRUCTION FINANCE CORPORATIO~
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, 193.~, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
LOANS ON PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
State
Number
of
authorizations
Number
of
banks
and
trust
companies
I
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
-.Alabama __ _____________
Arizona ___ _. ___________ _
Arkansas _______________
California _____ ___ __ _____
Connecticut __. _____ _. __
Florida __ __ ___________ __
Georgia _____________ ____
Idaho __ ____ ____________ _
l IIino is __ ___ ____________ Iowa _____ _______ ________
Kansas _ ____________ __·Maine _________ _______ __
Maryland ____ _• __ _____ _
M assachusetts . _______ _.
Michigan ___ ______ ____ __
Minnesota ______ ______ __
Mississippi. ____________
Missouri.. ___ . ___ __- -- -Mon tan a _____ •• ____ ____
Nebraska _______________
New J ersey ___ _____ _____
New York_ _____________
North Carolina ___ ______
North Dakota __________
0 hio ___ __ . _____ • ___ . _•. Oklahoma __ ____________
P ennsylvania ____ ... ____
South Dakota_ •. _. _____
Tennessee .. ____________
Texas ___ ________________
Virginia ____ ---······--·
West Virginia _________ ••
Wisconsin_ • •...•..••• __
Wyoming ___ ... _____ ..•.
Total _____________
19
1
7
13
42
16
2
1
1
1
2
4
5
12
9
1
7
6
1
7
1
1
1
1
2
4
1
3
2
2
22
8
1
1
1
106
29
1
1
1
689
i3
88
3
3
2
42
3
1
1
28
56
6
2
7
4
1
4
6
12
3
2
1
2
5
1
1
3
-1,122 - 273
See footnotes at end of table.
$3,180, 600. 00
$32,025. 00
$3,148,575.00
$34,372.96
50, 000.00 -------- -- -----50,000. 00 ------ ---- -----549,500.00 ---- --- -- - -- - - - 549;500: 00
166,030.31
33,071,050.00
3, 062, 9.10. 00
30,008,100.00
27,406,912.81
309,800. 00
160,000. 00
14.9,800. 00
-143,800. 00
1,000.00
142,800.00 ---- ---------18,671.06
25,000.00 ---------- -- --- 25,000. 00 ---- --------- --25,000. 00 -------- ------ -25, 000.00 ---------------12,500. 00 ---- --- -------- 12, 500.00 ---------------50, 000.00 ----- -- - --- -- - - 50,000.00 ----------- ---28, 000. 00
3, 000. 00
25, 000. 00
6,126.79
573,000. 00
47,500. 00
525,500. 00
437,835. 14
30, fi30. 00 ------ ---- -- --- 30,630.00 ---- ---- ---- ---50G,OOO.OO - ----------- -- -506,000.00
132, 611. 40
437,500.00
5, 300.00
432,200.00
300,000. 00
175,625.00
1,600. 00
174,025.00
14,989.10
22, 6.10. 00 -------- - · --- -- 22,650.00 ---- -- -- -- -----1, 548, 000. 00
1,548,000. 00 -------- ---------- -------- -------10,000. 00 ----- --- -- --- -- 10,000.00 ----- --- --- ----2,811 , 700. 00
248,700. 00
2,563,000. 00
295,495. 69
1, 702, 100. 00
4,i:129, 050. 00
3,226, 950.00
453, 531. 20
2,122,150. 00
227, 950. 00
1, 894:,200.00
1, 041,790.35
187. 500. 00
12,500. 00
175,000.00 ------ -- ----- --20, 000. 00 ------------ -- - ··
20,000.00
15,000.00
2, 400. 00 -- ---- ------- --2,400.00
183.29
264, 500.00
791 , 000. 00
526,500.00
10,965.03
410, 550.00
27,100.00
383,450.00
194,787.46
6,100. 00 -------- --- --- -6, 100.00
2,298.11
300, 000.00 ------ -- -- -----~00,000.00
71,246.47
351,420.76
300, 000. 00
51,420.76
1,934.24
20, 000. 00
5,000.00
15,000.001------- -- -- - ---200,000. 00 ------ -- --- --- -200,000.001
69,268.72
83,000.00 ------- --------83,000.00 ---------------115,000.00 -------- -------115,000.00 ----------------7,649, 225. _00
53,098,525. 76
45, 449, 300. 761 30,674,050.13
REPORT OF RECONSTRUCTION FINANCE CORPORATION.
31
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
SUBSCRIPTIONS FOR PREFERRED STOCK OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
State
Number
of
authorizations
Number
of
banks
and
trust
comparries
Amount authorized
Amount withdrawn or canceled
Amount outstanding as of
Sept. 30, 1940 2
Amount disbursed
---------- -Alabama __________ -- - _- _
Arizona ___ - - - _-- - - - -- _- Arkansas ___ - - - - -- -- - - -California _____ - _- - ---- - Colorado __________ - - - _- Connecticut_ _________ -Delaw~re ___________ __ __
District of Columbia ___ _
Florida ________________ _
Georgia ________________ _
Idaho _______________ ___ _
Illinois ________ - _-- -- -- -Indiana ___ - _-- - _- _-- - _-Iowa ____ _______________ _
Kansas ___________ ___ ___
Kentucky ______ - _- _- _- _
Louisiana. _____________ _
!vfaine _________________ _
Mary land __________ - _-Massachusetts-_ -- - _- - -Aiichigan ______________ _
?\1innesota ______ - _- _- _- l\f~ssissiJ?pL ______ -- -- -Missouri_ _____________ -~1ontana ____________ ___
.Nebraska ______________ _
Nevada __ ___ ______ - ___ - New Hampshire _____ __ _
New Jersey _____ _______ _
New l'viexico ___________ _
New York . __ ___ _______ _
North Carolina ________ _
North Dakota ________ __
0 hio . ___ ____________ ___ _
Oklahoma __ ____ _______ _
Oregon __ ___ ____ __ ___ __ _
Pennsylvania _________ __
Rhode Island ___ _____ ___
South Carolina ________ _
South Dakota ______ __ __
Tennessee __ . __________ _
Texas _______________ ____
Utah ________________ ___
Vermont_ ___ ___________ _
v·1rg1n1a
.. ____________ __ __ _
Washington __ __ _____ ___
West Virginia _____ ___ __ _
Wisconsin ___ __________ _
Wyoming ______________ _
A la.ska_ . . ______________ _
Puerto Rico ________ ___ _
Virgin Islands _________ _
79
76
4
4
132
140
"63
45
5
4
49
21
34
154
62
157
230
145
103
30
19
82
221
110
154
103
54
53
4
16
285
25
333
145
36
100
126
135
59
42
5
3
46
20
28
148
61
153
219
136
101
29
15
73
204
106
152
93
53
53
4
54
21
396
16
247
22
313
139
35
91
52
21
374
5
4
14
36
136
172
10
42
173
35
38
69
28
11
34
133
162
42
163
30
37
62
25
1
1
3
1
1
1
10
$13, 31~ 600. 00
$257,600.00
$13,055,000.00
$7, 392, 450. 00
. 1, 565, 000. 00
35,000.00
1,540,000.00
1, 190, 400. 00
4. 816, 000. 00
946,500.00
3,869,500.00
2,067,()50.00
70,352,020.00
61, 021, 125. 00
9,330,895.00
35, 030, 733. 10
5, 040, 000. 00
146,500.00
4, 893, 500. 00
1, 652, 800. 00
8,300,000.00
1, 257, 674. 00
7, 042, 336. 00
5, 110, 951. 00
165,000.00
27,700.00
137,300.00
122,300. 00
3,400,000.00
l, 100,000.00
2, 3-00, 000. 00
69~,800.00
2,188,400.00
130,000.00
2,058,400.00
759,900.00
2, 522, 500. 00
825,000.00
1,697,500.00
782,750.00
2, 310, 000. 00
205,000.00
2, 105. 000. 00
1, 095, 200. 00
85, 496, 000. 00
1,348,385.83
84,147,614.17
4, A94, 645. 00
7,847,500.00
659.000.00
7,188,500.00
2J 662, 770. 00
12,615,000.00
2,402,000. 00
10.213.000.00
4,198,235.00
6, 021, 250. 00
773,500.00
5,247,750.00
2,704,197.44
11,382,500.00
2, 302, 650. 00
9,079,850.00
5,430, 766.37
10,871,000.00
425,000.00
10,446,000.00
5,514,767.50
8, 160, 000. 00
1,000,000.00
7,160,000.00
3,226,025.00
4, 250, 000. 00
1,282,460.00
2,967,540.00
1,969,680.00
19, 525, 000. co
16,168,200.00
3,356,800.00
6,769,150.00
42, 827, 600. 00
39, 593, 061. 00
3,234,539.00
23, 910, 752. 06
13,803,500.00
400,000.00
13,403,500.00
4, 291, 025.00
9,315,000.00
8,820,000.00
495,000.00
6,126,082.50
11,033, 800.00
10,130, 925.00
902,875.00
2, 959,025.00
3,61?, 000.00
l 73,500.00
3,438,500.00
674,930.00
6,022. 500.00
5,349,950.00
93~,500.00
672,550.00
205,000.00 --------- ------205,000.00
12,500.00
1,398. 000.00
611,365.00
786,635.00
260,135.00
99,722. 750.00
7, 088_. 183. 93
90,634,566. 07
76,675, 808.00
1, 077, 500. 00
715,000.00
362,500.00
457,000.00
173. 219,850.00
162, 674, 259. 16
49, 495, 662.42
8,608,-590. 84
7,995,000.00
681,500.00
7,313,500.00
3,632,950.00
2,470,500.00
2,430,500.00
677,600.00
40,000.00
38, 294,364.00
36,608,337.00
17,046,194.00
1,686, 027. 00
10,417,500. 00
1,287,893.75
10,510.000. 00
92,500.00
890,000.00
123,400. 00
25,000.00
915,000.00
45,626,646.50
33,037,199.34
55,876,300.00
10,249,653.50
898,500.00
62.5,220.00
1,100,000. 00
201,500.00
968,000.00
1,570,000.00
1,660,000. 00
90,000.00
2,948,000.00
1,301,450.00
2,973, 000.00
25,000.00
12,259,050.00
9, 077, 611. 26
1,662,500.00
13,921,550.00
23,600,204.24
9,789,889.24
26,740,329.24
3,140,125.00
422,311. 43
1,325,000.00
1,590,000.00
265,000.00
6,160, 17.5.00
7,770,000.00 ---- - --- - ------7,770,000.00
5,391,078. 75
10,679,650. 00
12,768,000.00
2,088,350.00
1,789,950.00
3,090,000. 00
4,520,000.00
1,430,000.00
3,245,066.66
454,500.00
3,365,000.00
119,933.34
15,550, 600.00
9,641,150.00
1,445,400.00
16, 996,000.00
1,252,500. 00
624,200.00
1,572,500.00
320,000.00
37,500.00 - --------- --- --37,500.00 ------ - - - ------ 250, 000.00 · --------- -- - .. - - -- -------- - - --- 250,000. 00
125,000.00
119,000. 00
126,000.00
251 , 000. 00
-
Total _____ __ __ _.. __ 4,431 4, 170
Subscriptions for pre•
ferred stock of:
Export-Import
Bank of \V ashington 4 _ c _____ __ _ __ _
4
1
Second Export-Import Bank of
Washington, D.
1
1
0.4_ --------------
853, 9.53, 313. 24
GrandtotaL ______ 4,436 4,172
955,453,313.24
75,549,257. 44
774,527,055.80
360,933,763.16
99, 000,000. 00 ----------------
74,000,000.00
74,000,000.00
2,500,000.00 ·---------------
2,500,000.00
----------------
851,027,055.80
434,933,763. le
75,549,257.44
I
See footnotes at end of table.
32
REPORT OF RECONSTRUCTION FINANCE CORPORATION.
4.-N'Umber of authorizations and borrowers, to wh--ich authorizations were
made; and amount of authorizations, withdrawals or cancelations, di·sbursements
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1_'
Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
PURCHASES OF CAPITAL NOTES OR DEBENTURES OF BANKS AND TRUST COMPANIES
[Under the act approved Mar. 9, 1933, as amended]
Number of
authorizations
State
Number of
banks
and
trust
companies
Amount
authorized
Amount
withdrawn or
canceled
Amount
disbursed
Amount 0utstanding as of
Sept. 30, 1940 2
------------ --- - Arizona _____ _.. __ ___ _. __
California ______ . _. __ . ..
Delaware ___ . _. ___ . __ .. _
District of Columbia . ___
Georgia ____ _____________
Illinois. __ . ____ _____ ._. _
Indiana ____ ______ ___ . _._
Louisiana ___ . . _______ .. _
Maine _____ ....... __ . _. _
Maryland __ ___ _________
Michigan __ ___ ______ __. _
Minnesota __ ________ . ...
Mississippi. __ __ _____ . . _
M issourL __ . _____ ......
Montana __ _... _. ___ _. __
Nebraska _______________
New Jersey __ __ __ _____ __
New York ____ __________
N ortb Dakota _. _____ . __
0 hio ________ __ ____ ___ . __
Oregon ____ ______ ___ __ ..
South Carolina _________
South Dakota _______ __ .
Texas ___ ___ __ __ ___ _____ _
Utah ______ ____ ________
Vermont. __ __________ ._.
Washington ___ _________
West Virginia _______ __ __
Wisconsin _________ __ ___
Puerto Rico _____ . _. _...
1
1
10
5
78
109
285
102
12
55
1
185
135
180
25
53
3
302
116
359
40
32
101
288
35
20
83
66
456
3
1
1
9
5
75
105
247
100
12
1
176
135
160
25
52
2
272
107
346
35
30
94
280
34
18
82
57
393
3
$840,000.00
5,000,000.00
2,515,000.00
1,800, 000.00
3, 350,000. 00
9,271,000.00
10,991, 750.00
5,736,000. 00
2,440,000. 00
7,127,500.00
700,000.00
4,104,000.00
6,380,500.00
13,346, 500.00
592,000.00
759,100. 00
1,350, 000.00
237,589,200. 00
2,044,000.00
62,269,000.00
1,385,000.00
1, 286, 800. 00
1, 543, 000.00
9,503,000.00
2,770, 000. 00
9, 525,000. 00
3,726,500.00
3,431,000.00
21,234,500. 00
1,250,000.00
237, 000.00
1, 700,000.00
1,214,000.00
635. 000.00
1,000,000.00
777,500.00
----------- -- --303,000.00
560,000.00
2,442,500.00
10,000.00
49,000.00
750,000.00
66,635,000.00
450,000.00
5, 447,500.00
325,000.00
70,000.00
59,000.00
1,750,500.00
50,000.00
Total ___________ __ 3,141 2,911
433,860,350.00
90, 549,500. 00
54
----
------------------------------$2,085,000.00
----------------
----------------
302,000.00
415,000. 00
3,282,500.00
--- -- -- --- -- --- -
$840,000.00 ------ -- -------5,000,000. 00
$1,500,000.00
430,000.00
86,400.00
1,800,000. 00
895,000.00
3,113,000. 00
1,563,545. 57
7,571,000.00
3, 317, 281. 93
9,777,750.00
6,334,690.00
5, 101, 000. 00
20,000.00
1,440,000.00
1,252,750.00
6,350,000.00
4,349,272.41
700,000.00 ----- ----------3,801,000. 00
1,702,760.90
5,820, 500.00
32,500.00
10,904,000. 00
2,766,234.34
582,000.00
99,000. 00
695. 100. 00
443,850.00
600,000.00
600,000.00
170,954,200. 00
17,308,189.00
1,594,000.00
1,292,283.43
56,821,500.00
26,436,375.00
1,060,000.00
422,175.00
1,216,800.00
411,900.00
1,484,000.00
788,985.43
7,752,500.00
3,312,816.80
2,720, 000.00
713,300.00
9,525, 000. 00
9,472,000.00
3,424,500.00
633,575.00
1,756,728.02
3,016,000.00
17,952,000.00
11, 106, 089. 17
1, 250,000. 00
290,000.00
343,295,850.00
98,907,702. 00
BUILDING AND LOAN ASSOCIATIONS
LOANS TO BUILDING AND LOAN ASSOCIATIONS (INCLUDING RECEIVERS)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
State
Number
of authorizations
Number
of
borrowers
Amount authorized
Amount withdrawn
or canceled
Amount disbursed
Amount outstanding as
of Sept. 30,
1940 2
-Alabama ___ __ _________ _
Arkansas __ __ __ __ _______
California ___ ___ _____ ____
Colorado __ ____ _______ __
Connecticut ____ __ ____ __
Georgia _____ _____ _______
Illinois __ ____________ ____
Indiana_. ___ __ ______ __ __
Iowa _____ __ __ __ _______ __
Kansas _____________ ____
Kentucky ___ ____ __ ____ _
Louisiana __ ____ __ __ ____ _
Maryland ____________ __
Michigan _____ ___ _______
Minnesota __ ____ ________
3
45
51
1
8
1
73
16
15
2
16
33
24
24
5
3
28
33
1
8
1
70
16
13
2
16
26
19
16
3
See footnotes at end of table.
$811. 96
$lll, 000. 00
137,014. 84
2, 795,378.25
9,990, 134.81
523,756.13
3,263. 06
110,000. 00
49,242.14
549,000. 00
5,000.00 ----- -- ------- - 3,988,989.09
302,971.46
1,683,000.00
22,179.40
25,110.25
l, 132,800.00
51,500.00
100,000.00
54,488. 39
1,449,500. 00
3, 273,860.03
90,860. 77
157,375.41
2,628,126.98
2,091,287.87
221,494. 69
3,226.48
107,500.00
$HO, 188. 04
2,658,363. 41
9,281,378.68
106,736.94
499,757. 86
5,000.00
3,686,017.63
1,660,820.60
1,107,689.75
45,580. 51
1, 395, 011. 61
3, 182,999. 26
2,470, 751. 57
1,869,793.18
104,273.52
----------------- -- --------------- - --------------------------------------------- - ----------
$6,520.29
-- -------------------------- - - -
44,827.43
------ -- - ------192,569.08
182,608. 12
---- ---------------------------
REPORT OF RECONSTRUCTION FlNAN CE CORPORATION
33
4.-Number of authorizations and borrowers, to wh,£ch authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclush e, by States LContinued
TABLE
1
BUILDING AND LOAN ASSOC IA TIO NS-Continued
LOANS
TO
BUliDING AND LOAN ASSOCIATIONS (lNCLUDIKG RECEIVERS)-Continued
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Num- Number ber
of au- of
thor- boriza- rowtions ers
State
Amount authorized
Amount withdrawn
or canceled
Amount outstanding as
of Sept. 30,
1940 2
Amount disbursed
---4
1
4
1
330
36
85
3
239
113
28
7
6
24
1
13
5
17
4
1
4
1
292
24
68
2
173
108
90
75
5
2
$103,500.00
250,000.00
313,605.00
85,000.00
43,725,793.02
9,267,159.38
3,580,018. 39
155,000.00
52,178,834.58
5,528,100.00
1,668,049.11
261,077.02
290,000.00
1, 718, 150. 00
29,000. 00
975,662.35
849,000.00
1,626,000.00
9,248,000.00
815,611.87
Total_ .......•.... 1,329 1,090
162, 683, 137. 75
Mississi{>pi_ .. -- . -..... Missouri_._-·- .... _.. -·_
Montana ___ ··-·-·_ .....
Nevada_. _______ ... _.--·
New Jersey __ ·-··-····-New York __ ·-·-·····--·
North Carolina_ .. _.--·_
North Dakota ___ ·-··--·
OhiO---- ······--········
Pennsylvania_ ...... _...
South Carolina .. .. __ ...
South Dakota ....... -..
Tennessee ..............
Texas ............. ·-····
Utah_················- ·
Virginia ............•.. _
Washington ............
,vest Virginia .. _.......
Wisconsin ..........•...
·wyoming...... _...•....
19
5
6
20
1
9
5
16
--
$7,502:78
2,230.27
78,068.78
55,000.00
6,865,194.80
1,961,134.86
75,868.94
3,022.75
22,547,623.40
306,964.75
149,228.63
15,011.55
405. 15
105,416.04
$95,997.22
247,769.73
235,536.22
30,000.00
31,993,098.22
7,306,024.52
3, 504, 149. 45
151,977.25
20,631,211.18
5,206,955.92
1,518,820.48
246,065. 47
289,594.85
1,612,733.96
------------------------------------------------------------$2,564,489.60
---------------------------------------------63,950.00
1,217,174.49
---------------______________ . . ..
----------------
------------------------- ----- ------------------------------950, 611. 45 ---------------25,050.90
690,591.24
15,681.12
463,211. 79
83,472.88
35,093,975.61
158,408.76 ---------------1,610,318.88 ---------------8,784,788.21
178,020.65
732,138.99
147. 135.92
122,490,563.32
4,597,295.58
INSURANCE COMPANIES
LOANS
[Under sec.
5
of the Reconstruction Finance Corporation Act, as amended]
6
Alabama ..•• •···-····-··
Arkansas ....... _... . .. .
4
Colorado._ ..... __ .. _.. .
1
District of Columbia . .•.
1
Florida .. .... _..... _... .
2
Illinois _.......... _..... .
27
Indiana_ . ..... ·- _..... ·10
24
Iowa __ ·-·· ···- · - -·- · ·· ··
7
Kansas _···-··· --·· ·····
Kentucky .. ____ .... ___ _
1
Louisiana __ . _. __ __. ____ .
2
6
Maryland.·-· ·-·--·--··
Michigan __ .. _..... __ __. _
16
2
Minnesota _·-·-·-·-···-MississippL . . __ -· .. ... .
3
l\1issourL ...... __. ___ .. .
14
10
Nebraska ____ ···-·-·-···
New Jersey _........... .
6
New York ___ ._. __ . ___ __
17
~ortb Carolina _.. _.... .
7
N ortb Dakota ___ .. _.. . .
2
6
Ohio ___ · - - -·--- --- ---··3
Oklahoma_ .. -· ·- -· -·--.
Pennsylvania __ ___ .. _. __
6
a
South Carolina_._·· ···1
South Dakota_·--·-·-· ·
4
Tennessee ___ .········ · 12
Texas ___ .. _... -- .- ·····Virginia_ .. __ . _. __ ..... .
1
w ~s tv·1:g1n1a
· · _. ____ ··-··
3
W1sconsm_ . . ... -· ..... . - -·2
TotaL............
209
3
4
1
1
2
14
6
13
7
1
2
2
10
2
1
6
6
5
9
5
2
4
2
5
2
1
3
9
1
2
2,
$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
9,327,891.91
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
1,816,225. 47
504,000.00
50, 000. 00
711,000. 00
4,170,731 .66
385, 196. 62
736,990.77
60,000.00
__ _____
133
See footnotes at en<l of table.
284678-41--5
TO INSURANCE COMPANIES
104,439,750. 19
$41,300.00
$207,750. 00
80,000.00
355,000.00
-- · ·········-···
50,000.00
--· - ·--·-· ······
75,000.00
--- - · -···--·····
33,000.00
96,042.28
5,932,457.72
1,262,021.45
3,235,978.55
102,290.84
3,550,709.16
87,983. 34
334, 016.66
1,000,000.00 ------ -- ---------21,943. 75
1,248,056.25
----·· --·----·-13,985,000.00
609,394. 50
4,207,519.26
6,000.00
22,500.00
-·-·---·-·-- · -- 112,000.00
713,317.15
8,614.574. 76
401,663.56
1,997,486.44
88,500. 00
813,500.00
1,086, 357.04
27, 397,242. 96
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
44,083.24
4,126,648.42
10, 104. 37
375, 092. 25
276,363.58
460,627. 19
----·--- - ---- - -60,000.00
·······--··-·· -·
$64,061.50
··············-········--······
··········-·····
116.391.22
·······-~·······
-·---·-····· ·· ··
··--···········-···-·-·----····
191 ,294. 02
······---·-----54,413. 92
---·-·-·----····
--··---- --- ----944,825.15
15,000. 00
237,015.56
295,835.07
------·------···
-- ------··· --·-_______ . ---·--·
---- -- - ---· ·--- -· - --·-·-------------·--· - ---··
_. __ _______ . _. _.
200, 000.00
56,935.45
____ . ______ . ___ _
____ ___ _______ .
-----·--- -- - ----
--- - - - - - - - ~ - - - - - -- 13,746,540.38
90,693,209.81
2, 175,772. 89
34
REPORT OF RECONSTHUC'TION 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, 1940, inclusive, by States 1-
TABLE
Continued
INSURANCE COMP A.NIES-Continued
LOANS ON , AND A SUBSCRIPTION FOR, PREFERRED STOCK OF lNSURA:?\CE COMFANIES
[Under the act appro ved June 10, 1933, as amended]
Num- Number of ber of
au- insurthor- ance
iza- comtions panies
State
Amount
authorized
Amount
withdrawn
or cancelled
Amount
disbursed
Amount outstanding as
of Sept. 30,
1940 2
------------ - - - - - --------- - - - - - - ·- - - - - - - - ------ Kansas s.. ______________
Maryland Q_______ _ ____ _
Michigan ______________ _
:Minnesota _________ _____
M issourL. ______________
New J ersey _____________
New York g_____________
North Carolina_________
1
1
3
2
2
1
2
1
1
1
2
1
1
2
1
1
Total ___ _________ _ ~
101
$100,000.00
21,500,000. 00
4, 12.5,000.00
100,000.00
250,000. 00
4,000,000.00
4,350,000. 00
50,000.00
--------------------------------------- -- -----
-----~---------- -- - ----------------- ----------- -----------------
--- ----- --- -
34,475,000.00 ----------------
$100,000.00
21,500,000.00
4,125,000.00
100,000.00
250,000.00
4,000,000.00
4,350,000.00
50,000.00
$100, 000. 00
17,448,450.00
3,374,898.59
49,679.45
168,989.18
2,800,000.00
2,060,000.00
48,000.00
34,4i5,000.00
26,050,017.22
-----
MORTGAGE LOAN COMPANIES
LOAN8 TO MORTGAGE LOAN COMPANIES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
[Excludes loans through mortgage loan companies to aid closed banks, and to business enterprises]
I
State
Num-lNumber of ber of
au- b
thoror•
row1zations ers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
---~------ - - --- - - - - - - -----Alaba nn . _. ______ _______
Arizona _________________
Arkansas ________ __ _____
California. ______________
Colorado . . _____ _________
Connecticut ______ ___. __
District of Columbia . __
Florida _____________ ____
Georgia ______ ___________
Idaho . ·-------- - -- -----Illinois __ ________________
Iowa ________________ ___ _
Kansas ___ _____ ___ ______
Ken_t,~cky __ __ ___ _______
Loms1ana. __. _________ . _
Maine . . . __ _____ . ___ . . __
Ma.ryland ______ __ ______
Massachusetts ______ ___ _
Michigan .. ___ . _______ __
Minnesota. _____ . _. ___ . _
Mississippi. _____ _. _____
M issourL .. _________ ... __
Montana _________ ____ __
Nebraska _______________
New J crscy. ____ . ___ ____
New Mexico ______ ______
New Yo1·k __ ____________
North Carolina. ________
North Dakota __________
0 h io __ . ____________ ... -.
Oklahoma ______________
Oregon _________________
Pennsylvania. __________
South Dakota __________
Tennessee ______________
15
1
.,
')
9
6
2
4
7
3
1
40
1
2
2
12
1
24
8
7
2
2
8
1
4
27
1
32
14
1
8
G
9
1
3
7
6
2
3
3
3
1
8
1
2
1
9
1
18
4
3
2
1
7
1
3
20
1
25
7
1
7
5
1
9
3
11
7
1
5
See footnotes at end ot table.
$1,278,783.68
100,000.00
1,038,000.00
67,360,000.00
1,195,000.00
175, 000. 00
664,532.60
826,032.99
221,000.00
14,000. 00
9,320,769.90
2, 710,550.00
125,000.00
92,500.00
4,619,597.49
3,200,000.00
31,164,840.97
1,432,500. 00
2, 697, 320. 2,5
3,020,000.00
517,477.67
8,367,797.05
156, :no. oo
664,200.00
13,491, 688.99
30,000. 00
140,062.800.00
4,132,525.00
05,000.00
5,970,515.24
4,435,000.00
145,000.00
4,504,275.00
6,576,000.00
7,807,765.53
$256, 141. 11
$852,642.57
100,000.00 -----------------229,671.83
808,328.17
1,242,065.79
66, 117, 934. 21
14,481.20
1,180,518.80
100.00
174,900.00
664,532.60
-----·--------95,719.61
730,313.38
1,068.01
219,931.99
14,000.00
------ - --------5,779,026.75
3,541,743. 15
2,710,550.00 -------- ------ - --,50, 000. 00
75,000.00
42,500.00
50,000.00
3,978,019.49
641,578.00
3,200,000. 00
---- -- ---------2,974,278.37
21,542,817.28
1,238,215.00
194,285.00
736,150.66
1, 961, 169. 59
3,020,000.00
------ -- - ------514,277.67
3,200.00
4,503,525.31
1,013,474.69
202.39
156,167.61
654,246.44
9,953.56
12,447,554.81
1,044,134.18
30,000. 00
- ------- ------ -60,812,658.03
79, 250, 141.97
3,985,509.12
147,015. 88
64, 755. 00
245.00
5, 75G,542. 76
21~,972.48
58,431.22
4,376,568.78
145,000.00 ----- - ----------···14 7, 532. 0,5
4,356,742.95
3,844,737.75
2,731,262.25
548, 22.'.i.35
7,259,540.18
$271, 237. 95
-- ------- - -- - --18,715.62
------------------------------3,650.00
104,846.40
217,935.01
10,126.64
---------- ----29,953.83
----- ---- -------
---------- ---------------- ---1, 296, 671. 65
1, 112, 787. 82
397,496.87
227,344.39
405,246.09
----------------
---------------659,384.07
------------------------------1,683,412.70
----------------18,018,710.97
178,515.47
---------------89,100.77
151,698.05
---------------2, 702,8~6. 70
---------------2, 2(36,236. 15
35
REPORT OF RECONSTRUCTION FINANCE CORBORATION,
4.-Nurnber of authorizations and borrowers, to which authorizations u;ere
made; and amount of authorizations, withdrau;als or cancelations, disbur~ements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
MORTGAGE LOAN COMPANIES-Continued
LOANS TO MORTGAGE LOAN COMPA:NIES-Continued
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
[Excludes loans through mortgage loan companies to aid closed banks, and to business enterprises]
Numb-er of
authorizations
State
I
Number of
borrowers
Amount authorizcd
Amount withdravvn or
canceled
Amount outstanding as of
Sept. 30, 1940 a
Amount disbursed
-------------- - - - - - - - - - - - -- - - - - Texas ________________ __ _
t Ttah ___________________
Virginia ________ ______ __
,vashington _____ . ______ _
West Virginia __________
\Y isconsin .. ____ .. ________
11
26
1
8
]4
11
3
4
3
2
357
229
18
1
4
1
379
231
46
1
$16,988,lS9.0fi
$2,287,869.78
210,000.on · --- ---- ----- -- t,, 084, 921. 8!:l
751,071.65
397, 411. 04
1,346.547.68
72,500.00
11,500.00
4,826,762.92
180,785.61
----
Total __________ ___
Loans to The RFC
l\fortgage Company 4_
Loans to Federal National Mortgage Assoriation 4_______________
--
Grand totaL ______
242,859,225.01
32,028,497.2 7
143, 368, 261. 03 --------------- -
139,218,364.R6
36,160, 133.43
133, 962, 793. 11 --------------- -
108,8i3,G52.64
70,039,414.99
490,951,242. .'il
138,22R,045. 69
356, 711, 1G3. 90
I
104,034,045.43
$14,.551,368. 18
$139,955.8 1
210,000.00 ---- -------- - - - 4,333,850.24
1,083, 167. 56
919,136.64
615, 6.53. 98
61,000.00
15,262.7 7
4,645,977.31
28,500.0 0
634,042, 218.04
104,034,045.43
SUBSCRIPTIONS FOR STOCK OF MORTGAGE LOAN COMPA~IES
[Under sec. 5c of the Reconstruction Finance Corporation Act, as amended]
I1linois __________________
Total _____ __ ______
The RFC Mortgage
Company 4 _ ___ . ______
Federal National Mortgage Association 4 _____
oo j_. ___ _. _____ ____ . _----------------
1
$1,250,000.00
1
1
1,2.10,00000
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
5
3
37,250,000.00
36,000,000.00
36,000,000.00
----
Grand totaL ___ ___
$1, 250, ooo.
1!
----
1, 250,000.00 -- ----- ---- - ------ ------- - --------
1, 250, 000. 00 1
AGRICULTURAL FINANCING INSTITUTIONS, ETC.
LOANS TO JOINT-STOCK LAND BANKS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Alabama _________ ___ __ _.
Arkansas ________ ___ _. __
California _______________
Colorado _______ _______ _.
Georgia _________________
Illinois _______ .. _______ - - Indiana _________________
Iowa ____________ __ ______
Kentucky ______ __ ___ ___
I,oms1ana
..
_______________
Michigan ________ ____ ___
~1innesota ______________
Nebraska .. __________
North Carolina _________
Pennsylvania . _. __ ______
South Carolina _____ . ___
Tennessee ____________ ..
'fexas _______________ __ __
Utah ___________ ________
West Virginia ___________
TotaL ____________
1
3
4
5
2
2
4
3
1
3
3
1
8
6
2
9
3
6
1
3
1
1
1
1
1
1
2
2
1
1
1
1
2
3
1
1
2
2
1
1
$575,000.00
$575,000.00
590,000.00 ----$104:sii~4i-l
485,188.59
342,472.72
3,142,527.28
3,485,000.00
2,134,306.24
2,494,772.68
360,466.44
205,000.00
205,000.00 - - - - - - - - - -- - - - - - 1,383,300.72
2,261,993.28
3,645,300.00
272,921.24
fi2,078. 76
335,000.00
170,012.90
1, 979, 987. 10
2, lS0,000.00
330,000.00 - - - - - - - - - - - - - - - .. - 330,000.00
426,630.62
432,500.00
5;869. 38
1, 647, 62fi. 4:3
1,835,000.00
187,374.57
185,000.00
185,000.00 - - - - - - - - - - - - - - - i,950,000.00
2,766,000.00
816,000. 00
2,904,742.15
3,144,786. 45
240,044.30
381, 851. 76
19, 148.24
401,000.00
1,349,359.77
1, 243,640.23
2,593,000.00
90,000.00
190,000.00
100,000.00
2, 9Gl, 616. 99
724,383.01
3,686,000.00
548,232.42
1, 767 ..18
550,000.00
635,102.67
1, 164, 897. 33
1,800,000.00
,70---;-j 31,393,359. 13
See footnotes at end of table.
6,726,478.93
24,666,880.20
------ - - -- - ---- -
$112,422.3 8
--------- --- ----
---------- ----- ----------------
-----------------
------------ ------------------ ·--- ----------. --
269,121.3 7
531,944.38
------
----·
-----
1,016,893.66
--------- ------ ----------------
265,989. 01
-------- ------- -
1,317, 637.51
-- - -- ---- - ------
---------------3, 514, 008. :31
36
REPORT OF RECONSTRUCTION FINANCE CORPORATION-
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
AGRICULTURAL FINANCING INSTITUTIONS, ETC.-Continued
LOANS TO AGRICULTURIAL CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended}
Number of
authorizations
~tate
------
Number of
borrowers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept . .30, 1940 2
-- --
Arizona. __ .. ... ........ .
Arkansas . . ........ .. .. .
Colorado ... .... ........ .
Florida ... •• · ···········
Idaho .................. .
Iowa ... . ················
Louisiana ...............
New York .. ............
North Dakota ..........
Oregon ... .. ............
South Carolina .........
Tennessee ..............
Texas .. .................
Washington ............
Total ...... . ......
1
1
5
203
2
2
1
1
1
1
1
1
1
1
2
1
4
$880,000.00
214,135.95
71,455.31
435,000.00
63,889.60
480, 000.00
120,000.00
397,251.46
1,000.00
116,790.30
58,500.00
124, 250.00
95,491.08
3,063,103.89
250
20
6,120,867.59
4
3
7
2
2
2
1
15
1
2
2
-- --
---- ------------
---------------$11,500.00
-------- - ------ 5,167.00
25, 000.00
---------------164,660.72
------------------------------58,500. 00
124,250.00
6,239.95
81,931. 70
$880,000.00 ---------------214,135.95 ---------------59,955.31 ---------------435,000.00 ------- --------58,722. 60 -- ------ -------455,000.00 ---------------120,000. 00 ---------------232,590.74 ---------------1,000.00
116,790.30 -------------------------------
------------------ --------------------------------89,251.13 ----------------
477,249.37
2,981,172.19
- - - - -- - - -.- - - - - --
$43;~39
5,643,618.22
43,664.39
LOANS TO LIVESTOCK CREDIT CORPORATIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Colorado ..... .......... .
Idaho ... ......... ·- .....
Missouri.. ............. .
Montana . .. . ...........
New 11exico . ...... ... _.
Oregon .. .. ..... .. ..... .
Texas . ............ ......
Utah ...................
·wyoming . ..............
Total .............
4
30
1
38
8
4
4
35
29
2
2
1
3
2
4
$382,850.00
2,132,035.29
421,000.00
2, 1·12, 250. 00
474,441.51
270,740.00
2,468,425.03
3,477,443. 10
2,342,142.95
153
19
14, 111, 327. 88
1
3
l
-- --
$244,400.00
$138,450.00 ---------------101,800.00
2,030,235.29 ---------------421,000. 00 -------------- ---- ---------------145,900.00
1,996,350.00 ---------------27,892.76
446,548.75 ---- -----------28,450.00
242,290.00 ---------------2,442,445.03 ---------- -----25,980.00
304,826. 12
3,172,616.98 ---------------161,123. 19
2,181,019.76 ---------------1,461,372.07
12,649,955.81
----------------
LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK
[Under sec. 201 (d), title II, of the Emergency Relief and Construction Act of 1932!
Alabama... ....... .. ....
Arkansas ...............
California ...............
Colorado .. ..............
Delaware ...............
Florida .......... .. .... _
G <'org ia _.... . ...... _. . . .
Illinois . .... _........... .
Indiana_ ..... ... . .. . ... _
Ken tucky ............ . .
Louisiana._ . . . . . . . . . . . . .
Maine . ............. . .. _
Maryland . ........... -M assachusetts ... .. ... _.
Mir-higan · ·······-· · ···
Mississippi. .. -... ... ...
1
1
5
5
21
16
1
1
2
7
1
2
1
l
1
1
6
12
3
4
11
10
1
I
5
2'
2
2
10
7
Mbsouri __ · · ·•··· ·· ···· ·
5
5
Montana _·-·····•······
l
4
8
4
I
1
21
6i
I
1
51
3
2
New .Jersey . ..... . .... .
Nf'w York .. . ... . .......
North Carolina.........
North Dakota.. ... .....
Ohio .. ............. ..
Oregon .. _. . . . . . . . . . . . . .
2
41
2
See footnotes at end of table.
$150,000.00
$150,000.00 ············· · ···· ················
725,000.00
603,219.30
$121,780.70 ················
5,063,750.00
2,469, 560.87
2,594,189.13 ················
500, 000.00
374,950.00
125,050. 00 ················
100, 000. 00
99,100.00
900.00 ················
393,377. 32 · ·· · ·•··········
393,377.32 ···········-····
15,000.00 ·········· · · · ···
15,000.00 ················
10,500.00
2,000. 00
8,500. 00 ················
757,111.54
460,211.94
296,899. 60 ··••······ · ·····
5,561,511 . 97
3, 127, 589.15
2,433, 922.81
$129,522. 66
50,495, 000. 00
50,452,250.00
42,750.00 ···· ··· ·········
35,000. 00
35, 000. 00 .................. ·········· · ·····
575,000.00
200,000.00
375,000.00 ················
350,000.00
138,603.71
211,396.29 ········-·······
570,000.00
442.402. 80
127,597.20 ···-············
60,750.00
60,750.00 ········••···-·· ·· ···-············
104,000.00
8,000. 00
96,000. 00
26,150.00
615.00
1,885. 00 · ···············
2,500. 00
285,000. 00
11 ,432.03
273,567.97 ··•·············
], 700,269. 65
1,099.344. 17
600,925.48 ················
120,000.00
20,035.21
99,91)4. 79 ················
6,000. 001
1,080.00
4,920.001····-···········
1,035,000.00i
400,217.72
584,782.28
364,000.00
350,000. 001
195, 820. 71
154, 179. 29 ,.... ·- ......... .
REPORT OF RECONSTRUCTION FINANCE COR~ORATION,
37
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, 11:ithdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1982, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
AGRICULTURAL FINANCING INSTITUTIONS, ETC.-Continued
LOANS FOR FINANCING OF AGRICULTURAL COMMODITIES AND LIVESTOCK-Continued
[Under ser. 201 (d), title II, of the Emergency Relief and Construction Act of 1932)
State
--Pennsylvania ___________
Tennessee ______________
Texas ___________________
Virginia. _______________
Washington __________ __
,vest Vir!!inia ____ __ ___ __
Wisconsin. _____________
Puerto Rico. ___________
Total _____________
Loans to Commodity
Credit Corporation 4 __
Grand
total. sec.
201---0 ___________
OTHER
Number of
authorizations
Number of
borrowers
--
--
4
2
3
Amount authorized
Amount withdrawn or
canceled
Amount outstanding as of
Sept. 30, 1940 2
Amount disbursed
$~0,437. 76
$28,062.24
-------8,301,897.41 -------4,308,825.84
---------------199,551.00 -------------- -20,000.00
264,894.64 ---------------603,no.27
187,305.20 ---------------145,724.80
175,000.00 ------------------ ----- ----------1,475,563.44 ---------------95,750.00
362,254.47 ---------------637,745.53
6
4
6
2
7
2
5
1
4
1
$318,500.00
12,610,723.25
219,551.00
868,624.91
333,030.00
175, 000.00
1,571,313.44
1,000,000.00
159
105
86,061,513.08
66,367,021. 30
28
11,604,712,664.99
836,995,702.78
767,716,962.21 ----------------
187
106 1,690,774,178.07
903,362.724. 08
787, 361, 453. 99
s
--
5
4
----
19, 644, 491. 78
$5H), 672. 66
519,672.66
AUTHORIZATIONS TO AGRICULTURAL FINANCING INSTITUTIONS, ETC.
Under sec. 5 of the Reconstruction Finance
Corporation Act, as
as amended:
Loans to Federal
land banks 4 ______ 10 57
Loans to Federal
intermediate
credit banks 4 _____
8
Loans to regional
agricultural
credit corporations 4 ____________ 1,343
Under the Agricultural
Adjustment Act of
1933, as amended:
Loans to Secretary of
Agriculture to acquire
cotton • _______________
2
Under sec. 201 (c) of the
Emergency Relief
and Construction Act
of 1932, as amended:
Authorizations for
financing exports of
agricultural surpluses 4 _______________
10
12 11$399,636, 000. 00
11
$387,236,000. 00
----------------
8
9,250,000.00
----------------
9,250,000.00 ------------ -- --
12
178,840,452.48
5, 596, 811. 76
173,243,640.72 ----------------
1
23,500,000. 00
20,200,000.00
3,300,000.00 ----------------
98,445,245.68
46,146,368.56
47,298,877. 12
$46,895.99
709,671,698.16
84,343,180.32
620,328,517.84
46,895. 99
6
----
Total, other authorizations to
agricultural financing institutions, etc ________ 1,420
$12,400,000.00
39
12
-RAILROADS
AUTHORIZATIONS TO RAILROADS (INCLUDING RECEIVERS AND TRUSTF.F:S)
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended)
Total•------------------
I
13
2131
861 13 $892,568,716.951 $107,316,755.891
See footnotes at end of tabl~.
$779,873,022. o6j $470,039,040. n3
38
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, 193.<B, to Sept. 30, 1940, inclusive, by States 1 -
TABLE
Continued
BUSINESS ENTERPRISES (EXCEPT IN CONNECTION "WITH NATIONAL DEFENSE)
TOTAL-AUTHORIZATIONS TO BUSINESS ENTERPRISES
[Includes direct loans and participations under sec. 5d of the Reconstruction Finance Corporation Act, as
amended; and loans to business enterprises through mortgage loan companies and banks, and loans to
borrowers engaged in the fishing industry. under sec. 5 of the Reconstruction Finance Corporation Act,
as amended]
State
Numher of
autborizations
Num-
bu of
borrowers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
- ~ - - - - - - - - -- - - - - - -Alabama _______________
14,5
132
$3,844,658.33
Arizona ________ ___ ______
1., 121, 727. 86
33
30
Arkansas _____ __________
6, 895, 991. 10
146
129
California _______________
212
23, 224, 991. 10
183
Colorado _______________
123
2,129,704.15
110
Connecticut_ ____ ___ ___ _
8,259,740.83
97
77
Delaware ____ __ __ _______
13
12
477,400. 00
District of Columbia ____
42
650,910.00
36
Florida _________________
9,730,449.01
343
287
Georgia _________________
14,117,307.62
617
516
Idaho ______ _- - __ - _- - -- - 1,086, 466. 00
59
51
Illinois __________________
27,370,444.38
346
298
Indiana _________________
6,251,050.00
163
150
Iowa ___ _____ ___ ______ ___
67
2,061,475.00
63
Kansas _________________
2,288,976. 85
153
140
Kentucky ______________
193
5,806,187. 61
173
Louisiana __ ___________ __
1,246,703.96
63
55
Maine __________________
10.979,540. 00
33
28
Maryland ______________
5, 055,759. 62
109
89
Massachusetts __________
14, 415, 931. 06
294
233
Michigan __________ _____
312
30,337,194. 45
271
Minnesota _____ ______ ___
4, 199, 970. 24
168
151
Mississippi ___ ______ ____
1,468, 657.46
85
82
MissourL _____ ___ ____ __
19, 575, 800.72
259
209
Montana _______________
1,476,365. 06
101
83
Nebraska _______________
2,091,352. 77
103
89
Nevada ___ ___ ______ _____
116,621. 93
4
4
New Hampshire ____ ____
1, 977,500. 00
15
11
New Jersey _____________
25]
27,417,863.80
316
New Mexico ____________
998,221.25
46
3P.
New York __ ________ __ __
44, 501. sn. 42
891
702
North Carolina ____ _____
9,574,184.94
184
153
North Dakota ____ ____ __
soo, 310. 00
43
40
0 hio . ___________ - _- _- . - 23,725,280.89
289
3G6
0 klahoma _______ ____ ___
1,616,736. 10
77
71
Oregon . ______ ____ ______
15g
221
11,409,319.65
Pennsylvania ___________
41,629, 198.83
486
380
Rhode Island ____ __ ___ __
2,787,416.67
31
27
South Carolina _________
71
3, 764, {)48. 18
60
South Dakota ____ ___ __ _
32
32
155,98G. 00
Tennessee _______ __ __ ___
217
11,162,018. 78
180
T exas _____________ ______
8,768,809.03
337
303
Utah ___ ________________
32
24
1, 36!i, n95. 32
Vermont_ ____ __ ____ ___ __
15
435,600. 00
10
v·1rg1n1a
.. . _______________ 108
5,233,062.50
94
Washington _____ . ______ 31,393 1,091
2'~, 962, 737. 28
West Virginia ____ ___ ____
71
3, 051. 731. 16
82
Wisconsin ________ ____ __
139
129
8. 625, 825. 00
Wyoming __ __ _____ ____ __
17
220, 122.76
16
Alaska _______ _____ ___ ___
4
4
348,600.00
Hawaii _______ _____ __ ___
I
1
200,000.00
Puerto Rico ___ _________
26
24
], 190,000.00
-Total _____________ 9,433 7, 8501 442, 304, 1.51. 37
See footnotes at end of table.
$1, 141, 058. 23
$2,141,948.60
$1,140,999.84
611,739.50
139,510.67
58,303.37
875,528.28
5,958,594.75
3,943,288.03
6,202,418.50
8, 690,376.63
4,713,922.17
929,291. 76
986,827.09
569,695.94
1, 582. 481. 55
6,481,492.66
3,976,610.40
117,400.00
332,500. 00
22,372.25
192,826.08
394, 294.50
261,455.52
1, 411, 235. 70
5,124,662.10
2,653,254.25
3,893,130.84
9,067,425.82
3,877,265.26
448,224.85
832,824.09
180,926.85
14,342,156.48
12,366, 957.17
6,131,876.94
2,340, 862.59
3, 256,862.32
1,559,028.66
275,652. 03
1,209,279.00
814, 906.55
356,491.00
992,676.70
1,192,095.89
2,369,698.56
1, 148, 085. 95
2, 636, 167. 19
814,528. 05
400, 806.91
366,700.97
711,332.94
564,579.98
203,629.33
1,330,972.79
2,899,948.72
1,927,378. 68
4,793,302.01
8,747,197.69
4,461,567.18
17,951,835.52
8,443,.548.20
9,996,870. 23
579,480.11
2, 232, 481. 87
1,710,552.00
318,474.70
578,554.34
670,599.43
8, 749, 209. 38
11,806,806.50
4, 932, 175.29
1,038,386.28
554,416.58
344,620.10
668,610.22
1,040,943. 66
627,081.50
77,497. 79
5,850.00
24,124. 14
636,243.82
1,060,283.00
837,217.00
10, 458,835.54
17,832,323.75
9,007,856.39
273,021. 72
569,812.90
404,661.35
12,002, 526.24
22;102,742. 15
Hi. 499, 727. 95
2,897,944. 15
5, 760, 338. 95
3, 048,492. 42
532,743.36
615, 059.73
73,850.00
14, 810, 529. 88
9, 384, 151. 74
6, 891,689.01
325,541.11
731, 5Hl. 43
527,224.96
2, 616,734.99
2, 7A5, 8!)4. 71
7,831,559.96
14,553,617.m
25,067,890.85
11, 737, 481. 86
1,242,286.53
401,562.50
2,332,603.79
908,215.53
1,563,573.72
1, 753, 030. 14
19,612.90
94,775.00
41. 586. 00
3,183,290.30
4,067,968. 32
5,593,499. 48
4,416,829.75
5,779,666.30
1, 737,996.45
756, 659.73
386,605.70
314, 151. 85
134,173.89
246,109.50
147, 990. 50
498. 201. 73
1, 237, 551. 19
2,171,826. 07
2, 69f~; 189. 80
6,575,083.02
14,961,949.06
713,937.96
1, 338, Q.77. 59
1, 255,373.30
3,227,020.08
4.• 349, 859. 62
2,956,169.19
37,851.13
65,970.10
45,485.75
320.284. 51 -- -------------- -- - ---- - ---- -----200, 000.00 ------------------ ---------------528,298.67
1,079,000.00
69,500.00
145,896,168.23
Z36,003,459.56
129, 221, 651. 48
REPORr_r OF RECO~STRUC'TION FINANCE CORPORATION
39
4.-Number of authorizat'ions and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, d1·sbursements,
and amount outstancling,from Feb. 2 , 1932, to Sept. 30, 1940, inclusive, by States 1 Continued
TABLE
BUSINESS ENTERPRISES (EXCEPT IN CONNECTION WITH NATIONAL DEFENSE)Continued
LOANS TO B USINE~S ENTERPRISES
[Fnder sec. 5d of the Reronstruction Finance Corporation Act, as amended]
State
Num-lN
ber of 1 umau- ber of
thor- boriza- rowtions ers
Amount authorized
Amount withdrawn or
canceled
-- -A labama ___________ ___ .
A rizona . _____ __ ______ ___
A rkansas ______ ______ ___
C alifornia ______ __ ______ _
C olorado ______ ____ - ____ .
C onnecticut __________ _.
106
8
119
139
g,')
6-1
97
8
107
] 1~
- I
84
47
12
11
D elawarc _____ ___ _____ __
22
28
D istrict of Columbia ____
295
249
F lorida _. ____ ___ _____ _. .
522
431
G eorgia ____ _____________
40
35
Id aho ___________________
__________________
282
241
nlinois
diana __ _______ _____ ___
120
110
Inwa
48
45
Io ___________ ________ _
108
100
K ansas _____ ______ __ __ __
152
134
K entucky ___ . ________ . _
________ _______
;:i,,
48
Louisiana
22
17
1\1 aine ___ ___ ____ ______ __
88
70
M aryland ________ ___ ___
211
167
:Massachusetts ____ ______
216
M ichigan _______________
190
106
M innesota ______________
93
64
~[ ississipp i _____________
62
194
154
M issourL ______ ___ _- - _..
79
66
M ontana __ ___ ___ _______
N ebraska _______________
70
62
4
4
N evada ______ ___ ___ _____
N ew Hampshire . _______
9
8
222
174
N ew .J crs2y _____________
21
N ew J\fexico ____________
26
N cw York _____ ____ ___ . _
733
574
N orth Carolina _________
137
115
N orth Dakota __________
32
35
0 hio_ ------------------247
191
0 klahorna ______________
54
48
161
0 regon _____________ ____
120
p ennsylvania . __________
382
293
22
20
R hodeisland ___________
52
42
So uth Carolina __ . ______
24
24
So uth Dakota __ __ ______
T en ness J0 ______________
115
93
_________ __________
224
200
T exas
tah
___________________
uermont ___ _____ __ _____ _ 23 19
V
8
5
V 1rg1n1a ____________ ____
47
55
w ashington _____ . ______ 31,235 960
w est Virginia __________
48
56
isconsin ______________
w yo
81
76
w ming __ __ ___ _______ _
7
6
1
1
A laska __ ________________
p uerto Rico __ ___ _______
20
20
Total _____________ 7, 174 5,908
-')
See footnotes at end of table.
Amount disbursed
Amount outstanding as r.f
Sept. 30, 1940 2
- - - - - - - - -- - - - - ~1, 877, srn. oo
132,700.00
fi,370, 916. 10
ll,991,4 57.2S
1,629,675. 82
7,362,GG2. 50
449,900.00
524,360.00
8,677,619.01
10,379,290. 76
905,950.00
25, 534, 121. 05
5,217,550.00
1, 767,100.00
1,391, 710. 60
3,5fi2,800. 11
1,031 ,453. 96
10,73 1,910.00
3,8i3,919.62
10,414,246.06
22, Of59, 244. 4-5
3, i82, 147. 74
1,046,367. 24
14,977,347.39
1,054,689.56
1,468,384.43
116. 621. 93
1,227,500.00
23,762,793. 80
5.51, 291. 55
37,066, 581. 75
6,328,964.94
767,650.00
18,351,708.34
846,219.43
7,668,519.65
32,462,487.24
1,294,500.00
1,922,423.18
82,136.00 1
5, 203, ,';88. 38
6,913,879.13
838,445.32
342,000.00
1,943,450.00
8,699,295.61
1,977,795.45
5,988,475.00
33,700.00
11,000.00
977,500.00
323,005, 160.38
$608, 719. 53
$1,2~1,974. 23
$587,429.57
31,100. 00
lOJ,fi00.00
20,629.58
520,512.93
5, 839, 161. 42
3,902,070.67
2, 212, 781. 62
8, G35, 4.51. 15
-1, G91, gf)3. 35
564,264.93
918,060.89
536,657.76
1,102,875.28
(i,.147, 992. 6G
3, 8C0, 381. G3
117,400. 00
3:32, ,500. 00
2i, :572. 25
128,065.50
394, 294.50
261,455.52
1,090,788.31
4,923,599.60
2, 5%, 141. fi8
2, s20. 8r11. s1
7,326,672. 55
3,062,645.09
116, 72.5. 91
781,824.09
407, 201. 27
13,408, 171.02
11, 693, 2~:12. 17
5,663,531.01
1, 81 7,809.36
3,080,9fi2.32
1,48!J,503.53
5G2, 571. 00
1,200,529. 00
269,018.69
487,820. 25
892, 3DO. :3,5
270,450.51
1,222,855.28
1,913,740.23
1, o.so, 58·1 15
325,fi02.37
1169, 528.05
400, 80(>. 91
152,550. 00
575,257.27
505, 558. 1(i
l,G36, 213.67
2, 167,420.9D
1,230,097.78
7,130,946.52
3,040,869.84
4, 179, 781. 86
4,727,078.11
16,597,461. 1't
8, 1Gl,8fi9.67
1,256,456.36
1,879,376. rn
468,588.98
479, 056.21
555,859. 03
301,005.05
11, 526, 273. 10
1, 656,429. 51
8,614,672. 67
752, 421. 66
232,212.98
368,405.91
1,021,018.GG
325,480. 2D
653,888.76
24,124.14
77,497. 7fl
5,850.00
827,500. 00
400,000.00
.109, 739.86
15, 923, 753. 7!1
7,662,204.81
10,139,974. 89
203,066.19
318,225.36
2l0,627. l5
21,137,423.64
11,663,530.78
11,640,452.27
4, ::156, 510. 53
1,663,246.61
2,731,789.56
.532, 3Gl. 41
614,099.73
43,500.00
13, 224, ~}75. 24
8,638,062.35
4,821,129.84
674,769.43
270, 154.Sl
146,450. 00
f>,221,894.96
2,293, 123.ol
1,084,705. 02
22,339,650.59
12, 752, fill. 37
8,812,945.60
872, 9:37_ 12
519, 764. 36
380,500.00
1,113, 395.07
480. 73 1. 61
779, 028.11
35,736.00
19,612. 90
39,400.00
4, 190,299.48
2,541,485.17
719,420.84
4,246,182.02
S,461,984. 88
1,086,922.50
698,159.73
353,605.70
140,066.54
243,309.50
132,133.89
98,690.50
356,320.91
742,523.81
1, 066 . 926. 19
5,808,175.16
2,463,364.89
2, 844, 081. 33
584,40-4.97
928,349.50
1,045,003.30
3,102,945.09
1,952,474.41
3,951,410.59
17,788.63
32,200.00
1,500.00
11,000.00 ------- - -- - - -- - - - - ---------------424,204.17
934,000.00
39,500.00
86,933,628.60
209,499,385.74
118,423,909.50
40
REPORT OF RECONSTRUCTION FINANCE CORPORATION
4.-Number of authorizations and borrowers, to which authorizations were
made; and amount of authorizations, withdrawals or cancelations, d'isbursements,
and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1 Continued
TABLE
BUSINESS ENTERPRISES (EXCEPT IN CONNECTION WITH NATIONAL DEFENSE)Continued
PURCHASES OF PARTICIPATIONS, AND AG REEMENTS TO PURCHASE PARTICIPATIONS, IN LOANS TO BUSINESS
ENTERPRISES
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended 1
State
Number of
authorizations
Number of
borrowers
Amount autborized
Amount withdrawn or
canceled
- - - -- - - - - Alabama _____ __ ... _.. __
.Arizona ____ . _____ - _-. -- Arkansas . ______________
California ___ _. ______ . ___
Colorado_ . __ _____ ___ __ __
Connecticut. __ _____ ____
D ela ware __ ______ ____ ___
District of Columbia . ___
Florida ___ ___ ________ ___
Georgia ___________ __ . ___
Idaho ________ ____ ______ _
Illinois ___ ___ ___ . ____ ___
Indiana _____ ____ ____ ____
Iowa __________ _____ ____ _
Kansas _____ ___________ _
K entucky ___ . ____ _____ _
Louisiana __ __ __ ________ _
Maine ____ __ _. __ ______ __
M aryland. __ . __________
Massachusetts __________
Michigan _____ ____ ______
Minnesota ___ ___________
Mississippi . __________ __
Missouri _____________ ___
Montana ___ ____________
N ebraska __ ___ ______ ____
New Hampshire. _______
New Jersey ___ ______ ____
New Mexico ____ _____ ___
New York ______ _____ ___
North Carolina _____ __ __
North Dakota _______ ___
Ohio ____________ ____ ___
0 k lahoma ____ _______ ___
Oregon __ ____ _____ ___ ___
Pennsylvania ____ . ______
Rhode Island ______ _____
South Carolina _________
South Dakota ___ . ___ ___
Tennessee _________ ____
T exas ____ . ____ ____ ___ ___
Utah ______ _______ _____ _
Vermont_ _____ _______ ___
Virginia ---- - - ---- --- - W asbington _________ ___
West Virginia ___ _____ ___
Wisconsin .. __ . ___ __ _____
Wyoming ___________ __ __
Alaska ___ ____ __ ____ ___ __
H awaii ____ ___ __ ___ ___ __
Puerto R ico __. _________
37
24
23
73
28
30
1
14
35
80
34
22
21
66
26
28
1
14
28
75
19
16
59
55
39
16
40
38
6
9
42
16
43
40
7
9
20
60
73
60
20
58
22
29
5
87
19
142
41
8
114
23
55
91
9
17
8
81
113
7
7
51
156
2,1
55
JO
3
1
6
19
52
68
56
19
52
17
25
3
77
17 1
124
34
8
98
23
45
83
7
16
8
72
103
5
5
4.5
129
21 1
50
10
3
1
4
Total _____________ 2,055 1, 8331
See footnotes at end of table.
Amount disbursed
Amount outstanding as of
Se.pt. 30, 1940 2
- - - -- - --
$1, 711, 848. 33
$493, 3:38. 70
$683,974.37
$553,570.27
468,139.50
876,527.86
37,910.67
37, 673.79
414,575.00
244,515. 35
119,433.33
41,211.36
3,989,636. 88
54,925.48
11, 233; 533. 82
22,058.82
365,026.83
500,028.33
68,766.20
33,038.18
319,606. 27
596,778.33
193,500.00
176, 228.7 7
27, .500. 00 - - - -- - --- - -- - --- -------- - --------- -- -- ----- ------126,550.00
64,760. 58 - - - - -- - - -- - ------- - - -------- - ----273,547.39
975,730.00
170, 862. 50
115, 212.67
3, 451, 516. 86
976,809.38
l, 549, 716. 92
814, 620.1 7
179,516.00
64,200.94
51, 000.00
41,023.58
732,485.46
1, 634, 823. ~i3
673,725.00
468,345. 93
523, 053.23
145,900. 00
973, -500. 00
69,525.13
163,875. 00
121,835.55
8,750.00
6,633.34
4,57, 356. 45
849, 766.25
299, 705. 54
86, 040.49
2, 138, 387.5C
1,413,311.91
350,958.33
97,501. 80
21,098.60
100,250. 00
50, 000.00 ----- ------- -- -51,079.33
135,475.67
247,030.00
59,021.8 2
287,692.78
1,086, 840. 00
611, 000.00
100,875.01
823,197.34
2,040,685.00
252, 751. 17
137,134.38
5,080,950. 00
2,900,299.50
281,678.53
536,867.00
386,595.64
935,322.50
338,105.71
110,891.13
186,143.22
22,695.31
416,890.22
17,469. 65
4,251,203.33
3,003,495.78
205,533.40
134,536.71
421 ,675.50
112,407. 12
186,010.67
285,964.62
270,576.21
19,925.00
591,943.34
14, 721. 46
424,717.00
120,283.00
625,000.00
48,214. 28
1, 134, 151. 58
2,122,570. 00
587,570. 00
318,860.65
141,595.16
386,932.70
221. 587. 54
62,394.57
5,695,791.67
362,073.97
3,582,697.17
679; 318.51
1,156,745. 81
3,016,720.00
1,403,828.42
166, 154.59
30,350. 00
32,660.00
960.00
381. 95
1,880,559. 17
4,993,572.55
1,395,554.64
746,089.39
55,386. 30
770,516.67
380, 774.96
56,750.00
1,493,689.69
3,038,300.00
1, 084,665. 00
323,611.38
1,801,006.13
7, 527, 111. 29
1,535, 036.26
2,478,140.26
722,522.17
1,492, 916.67
21,062.50
1,459,666.67
942,502. 03
426,828.65
1,788,725.00
428,178.65
55,375.00
73,850.00
5,850.00 --- --- --- - - - --- 4,109,460.40
1, 715, 747. 48
1,187,000.00
542,534.92
651,073.95
317,681.42
1, 854, 929. 90
170,647.73
33,000. 00
39,485.31
58,500. 00
392,250.00
2,040.00
93,600. 00
49,300.00
2,800.00
104,755.35
609,302.26
128,125.00
2, 427, 112. 50
234,824.91
12, 117,867.73
709,907.86
16,206,44 1. 67
129,532.99
387,028.09
196,870.00
1,035,935.71
124,074.99
398,449.03
2,250,350.00
616,694.78
20,062.50
186,422.76
43,985.75
33,770.10
309,284.51 ----------------- - --- ---------- -- -337,600.00
200,000.00
200,000.00 ----- - --- - --- - ---- ---------------104,094.50
145,000.00
212,500.00
30,000.00
101,899,515.991
48, 099,236.13
19,967,902. 32
10, 104, 115. 58
REPORT OF RECONSTRUCTION FINANCE COR~ORATION\
41
4.-Number of authorizations and borrowers, to which authorizat1'.ons were
made; and amount of authorizations, withdrawals or cancelations, disbursements,
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1 Continue.d
TABLE
BUSINESS ENTERPRISES (EXCEPT IN CONNECTION WITH NATIONAL DEFENSE)Continued
LOANS TO BUSINESS ENTERPRISES THROUGH MORTGAGE LOAN COMPANIES AND BANKS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Number of
loans
to
business
enterprises
State
Alabama _____________ _
I
1
1 -------4
1
2
3
1
1
8
11
2
5
l
1
2
3
Iowa __________________
Kansas _______________
Kentucky ____________
Louisiana _____________
Maryland ____________
Massachusetts ________
Michigan __ __ _________
Minnesota ____________
Mississippi_ __________
Missouri. _____________
NTebraska __________ ___
N ew Hampshire ______
New Jersey ___________
N ew Mexico __________
N ew York __ __________
N orth Carolina ______ _
Ohio __________________
0 regon ______________ _
p ennsylvania ________ _
Carolina _______
south
T ennessee ____ _______ _
3
1
2
3
177
87
16,589,775. 00
2 --------
1
1
1
3
1 -------11
20
23
13
2
2
1
1
3
7
4
2
1 -------7 -------1 -------4
16
4
6
5 -- ----- 3
1
4
13
1
1
21
15
u tah _________________
V irginia ___________ ___
2 --------
1
· 'est Virginia _________
w isconsin ____________
Amount authorized
$255,000.00
112,500.00
110,500.00
300,000.00
20,000.00
210,000.00
201,500.00
30,000.00
130,500.00
47,500.00
105,000.00
115,000.00
125,000.00
1,932,000.00
3,187,000.00
82,500.00
5,400.00
347,250. 00
31,025.00
125,000.00
1,532,500.00
60,000.00
1,839,500.00
228,500.00
380,000.00
177,500.00
1,639,600.00
31,500.00
1,849,000.00
135,000.00
820, 000. 00
37, 000.00
387,000.00
2
Arizona _______________
Arkansas _____________
Connecticut. _________
Florida _______________
Georgia _______________
Illinois ___________ ._. __
Indiana ____ ___________
"
Number of
business
enterprises u
2
Total ___________ - -
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 i
$39,000.00
$216,000.00 ---------------112,500.00 ·---------------- ---------------110,500.00 - . -------- ------- ---------------160,000.00
140,000.00 ---- -----------2,000.00
18,000.00 ---------------159, 661. 35 ---------------50,338.65
201,500.00 ------------------ ---------------30,000.00 ------------------------------130,500.00 ------------------ ---------------47,500.00 ------------------ ---------------105,000.00 ------------------------------95,000.CO ----------- ----20,000.00
3,472. 23
121,527.77 ---------------597,500.00
1,334, 500.00
475,915.49
2,369,492. 62
817,507.38 ---- -------- ---67,500.00
15,000.00 ---------------5,400.00 --- - ------ - --- - --- ---------------272,250.00
75,000.00 ---------------31,025.00 ------------------ ------------ ---112,500.00
12,500.00
78,289.68
211,500.00
1,321,000.00 ---------------60,000.00 ------------------ ---------------1,253,500.00
586,000. 00 ---------------228,500.00 ----------- - ------ ---------------190,000.00
190,000.00 ---------------177,500.00 ---- ------- ------- ---------- -----1,389,500. 00
"? 50,100.00 ---------------31,500.00 ------------------ ---------- - ----1,632,800.00
99,270.21
216,200.00
135,000.00 - - - . ----------- ---------- -- ---820,000.00 - - - . . . . ------------ ---- -----------23, ,500. 00
13, 500.00 ---------------387,000.00 - - - - ------- - ------ - -- ----------- - 10,773,278.50
5,816,496. 50
653,475.38
LOANS TO BORROWERS E l'~GAGED IN THE J<"ISHING INDUSTRY
[Under sec. 5 of the Reconstruction Finance Corporation Act : as amended]
State
-~~~-Florid a _________________
Number of
authorizations
Number of
borrowers
-- --
1Iaine __________________
12
4
2
3
9
2
2
3
2
2
Virginia ________________
1
1
1
2
Georgia _________________
Massachusetts __________
Oregon _________________
South Carolina __________
Washington _________ ___
Total _____________
Amount autborized
-27
Amount withdrawn or
canceled
2
$44,900.00
45,125.00
--- - -------------- - ------------------------------------- - ----------- - -------
22 j
809,700. 00
90,025.00
See footnotes at end of table.
Amount outstanding as of
Sept. 30, 1940 2
-----$57, 100.00
76,500. 00
600. 00
29,000.00
52.5, 000. 00
22,000.00
42, 500.00
57,000.00
I
Amount disbursed
- - - -------------
$12,200. 00
31,375.00
600.00
29,000.00
525,000. 00
22,000.00
42,500.00
57, 000.00
$1,900.00
----------------
-- - ------- ---- - 470.28
---------- - - -- -655.27
37,125.47
-------- -------40,151.02
719,675.00
TABLE
4.-Number of authorizations and borrowers, to which authorizatfons were rnade; and amount of authorizations, withdrawals or cancelations, disbursements, and amount outstanding, from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1-Continued
~
~
NATIONAL DEFENSE
~t-i;,
TOTAL, NATIONAL DEFENSE AUTHORIZATIONS UNDER THE ACT APPROVED JUNE 25, 1940
[Amending sec. 5d of the Reconstruction Finance Corporation Act]
0
~
State
Number
Net
Less:
number
I of au- Number
of bor- Duplica- of borthoriza- rowers
tions 15
tions
rowers
- - - --
-~labama _____ _______ __________________________________________ _
Connecticut __________ ___ ______________ ________ _______________ _
Illinois ___ _________ _____ ______________________________ ____ __ ___ _
Iowa ___ ____________ ____ _______________________________________ _
Kentucky _______ _______ _______ ______________________ _________ _
Massachusetts ____ ___________________________________ ________ __
Nebraska ____ __ ___ _____________ _________________ __ ___________ __
New Jersey ______ ______ ________ ____________________ ___ _______ __
New York __ ___ ________ __ _____________________________________ _
Ohio ______ ____ __________________________ _______ _______________ _
Pennsylvania ___________ _____________________________________ __
Virginia __________ __ ____________________________ _______________ _
\Vashington ___ __ __ ______ ___ __ ___ _________________ __ __________ _
1
2
;l
l
1
5
1
5
(3
3
1
1
1
1
1 ---------1
1
2
---------1
-- -------1 -- ---- ---4
1
2
2
I
I
5
1
4
6
3
I
I
1
4
2
1
---------1
----------
1
-
3
Grand tota.L ______________ _____________________________ __
42 I
33 I
See footnotes at end of table.
---------3
----------
1
1
1
1
6
I
I
2
1
31 I
1
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
29
14
-------- ----- - ----- - - -------
- ---------
54,555,450.00
1
1,000,000.00
1,000, 000.00
105,000, 000.00
142,000,000.00
19
303,555,450.00
1
1
1
- - - ---14
$88, 000. 00
203,000.00
160,350.00
75, 000.00
12,500.00
128,800.00
6,000.00
280,500.00
416,500.00
3i,250,000.00
125,000.00
15,800,000.00
9,800.00
0
~
~
__________________ ________________
----------------- - - -- -- ---- ----- -- ------------ ----- - ---------- -- - ----$90,000.00
$30,800.80
$61,600.00
0
0
------------------ --------------.---- --- - - ------------
tn
------------------ -------- -- -- --- --- --- ---- ---- -------
], 500.00
33,530.54
58,061.08
6,000-00 ------- --- -------- -------- - - ------ -40,500.00
25,000.00
25,000.00
16,500.00 ------------------ ------------- --- ------------------ ------------------ ---- --- ---- ---- - -90,000.00
90,000.00
--- - - - -----------2,270,000.00
2,2i0,000.00
------------------ - -------- - -- -- - - - -------------- -- -- ------- -- - -- -----
- - - - ·- - - - - - - - 15
f-3
~
-----
Total _____ __ __ ______ _____ ____________________ __ _________ _
Loans and purchases of capital stock:
Defense Plant Corporation 4 ___________________ _ _ _ ________ _
Defense Supplies Corporation 4 ___________ __ _____ _ ___ _____ _
Metals Reserve Co. 4 _ _____ __ _ _ ___________ __ _ _____ _____ _ ___ _
Rubber Reserve Co. 4 __ _ __________________________________ _
1
Amount authorized
154,500.00
--- ----- ------- ---
2, 504, 661. 08
1,000,000.00
2,449,330.54
1,000,000.00
·· -- - -- - ----------- - ----------------- ------ ·· ------ - -- - -
-- ------------ ----
5,000,000.00
4,395,055. 27
5,000,000.00
4,395,05.5.2i
154,500.00
12,899,716.35
12,844,385.81
- - ----------------
z
f-3
~
q
Q
f-3
H
0
z
~
H
z
>
z
0
trj
0
Q
~
~
0
~
~
_0z
REPORT OF RECO:\'STRUCTION FINANCE CORPORATION:
4.-1\Tumber of authorizations and borrowers, to 'll'hich authorizations were
made; and amount of authorizations, withdrawals or cancelai'ions, disbursements,
and amount outstand£ng, from Feb. 2, 1932, to Sept. 30, 19-40, 1·nclusive, by States 1 Continued
TABLE
NATIONAL DEFENSE-Continued
NATION"AL DEFENSE LOANS tTNDER THE ACT APPROVED JUNE 25, 1940
State
Num- lNumber
ber
of
of
au- b
thororiza- rowtions ers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
-Connecticut ____________
Illinois __________________
Massachusetts __________
Nebraska _______________
New Jersey _____________
New York ______________
0 hio ____________________
Pennsylvania ___________
Virginia ________________
Washington ____________
Total _____________
:Metals Resen·e Company 4 ________________
Rubber Reserve Company ________________
4
Grand total, loans_
2
$203,000.00 ---------------- ------------------ ---------------151,600.00
$90,000.00
$61,600.00
$30,800.00
128,800.00
1,500.00
58,061.08
33,530.54
6,000.00
6,000.00 ------------------ ---------------273,000.00
33,000.00
25,000.00
25,000.00
109,000.00
9,000.00 ------------------ ----------------37,250,000.00 ---------------- ------------------ ---------------125,000.00 ---------------90,000.00
90,000.00
15,800,000.00 ---------------2,270,000.00
2,270,000.00
9,800.00 ---------------- ------------------ ----------------
2
2
5
1
4
4
3
1
1
1
3
4
3
1
1
1
24
?.2
1
1
100,000,000.00 ---------------- ------------------ ----------------
1
1
140,000,000.00 ----------------
2,395,055.27
2,395,055.27
26
24
294,056,200.00
4,899,716.35
4,844,385.81
I
5
I
- - ---
54,056,200.00
---------
139,500.00
139,500.00
2, 504, 661. 08
2,449,330.54
NATIONAL DEFENSE-PURCHASES OF PARTICIPATIONS, AND AGREEMENTS TO PURCHASE PARTICIPATIONS, IN
LO.ANS-UNDER THE ACT APPROVED JUNE 25, 1940
Alabama _______________ _
Illinois _________________ _
Iowa ___________________ _
Kentucky _____________ _
New Jersey ____________ _
New York _____________ _
Total, participations ___________ _
1
1
1
1
1
2
1
1
1
1
1
2
$88,000.00
8, 750. 00
75, 000. 00
12,500.00
7,500.00
307,500.00
7
7
499,250.00
------------------------------------------------------------$7,500.00
7,500.00
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
- - - - ------ -------,-------- ------15,000.00 ------------------ ----------------
PURCHASES OF CAPITAL STOCK OF CORPORATIONS CREATED BY THE RECONSTRUCTION FINANCE CORPORATION
TO AID IN N.A.TlONAL DEFENSE, UNDER THE ACT APPROVED JUNE 25, 1940
I
Defense Plant Corporation 4 _________________
Defense Supplies Corporation 4 _____________
Metals Reserve Co. 4 ___
Rubber Reserve Co. 4 .. __
Total, purchases
of capital stock __
-
1
1
1
5
2
1
(16)
(16)
---9
I
21
$1,000,000
----------------
1,000,000 ---------------··
5,000,000 ---------------2,000,0UO ---------------9,000,000
----------------
$1,000,000
$1,000,000
-------------------------5,000,000
-------5,000,000
2,000,000
2,000,000
8,000,000
8,000,000
See footnotes at end of table.
•
TABLE
4.--Number of authorizations and borrowers , to wh-ich aulhor-izat.-ions were rnade; and amount of author£zations, withdrawals or cancelations, disbursements, and amou,nt outstandin g, fr om Feb. 2, 1932, to Sept. 30, 1940, inclus1:ve, by States 1-Continued
~
~
NATION AL DEFENSE-Continued
TOTAL, AUTHORIZATIONS TO BUSINESS ENTERPRISES TO AID IN NATIONAL DEFENSE, UNDER SEC.
5d OF TUE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
~
t:rj
l,;1
State
------------
------- ---------
Alabama ........... . ....... . ................... .... . ....... . .. .
Arizona. ...... .... . . ......... .... . . . .. . ...... . . ....... . . ... .. . .
Arkansas .... ... ... .. ...... . .. . . . .... .. . . .. . ... . ... . . ... ...... .
California . ........ . .. ... ................. . . . ..... .. .. . ........ .
Colorado ....... . ............................ . ... ..... . . . . ..... .
Florida . ....... .......... .. .. ... . .......... .. . ...... ... ... ... . .
Georgia .... ... .. . ... . . . . ........... . ..... .... .. ... . .. .. . . ... . . .
Idaho ... . .. .... . ... . . .................................... . . . . . .
Illinois ..... . .. ........... . . .... ...... . .... .. .... .. ....... . ... . .
Indiana .. ..... ...... .... .. ... . . . ... .. ....... . . ..... . .... .. . . . . .
Iowa ..... ............ ... ...... . . . . . . . . .. . . . .. ......... . ..... . . .
Kansas ........ .. ...... ... . .. . .. . . ... . .. . ... ...... . .... . ... . .. .
Maine .................... . ............. _...... ..... .. ....... . .
Maryland ....................... . . . . . ....... .. ...... . .. . ..... .
Massachusetts ... ... .... ... . . .. ............ ... .......... ... . .. .
Michigan ................. . . . ... .. ....... . .. . . . .. ...... ....... ..
Minnesota .. .. .. .. . ...... . . . ................................. . .
Number I Number I Les~: INet num•1 Amount author- , Amount with- I Amount dis•
bursed
drawn or canceled
ized
ber of
of author- of borrow- D?phca•
t10ns 14 borrowers
ers
izations
-------1--------------------I
..,')
1
3
8
4
3
2
2
1
3
4
4
1
5
2
2
1
1
== =================~··············
~============
~~~~~sir.~~~~~
. . . .............. . ...... . . .
. ........
. . . . . ... . . ==
... .....
Nebraska
New York . ...... ..... . .. . ... . ... .. . .. ....... ........ ... . ..... .
Oregon ..................... . .. . ... . . . . ... ... ......... . . ...... .
South Carolina ............................................... .
Tennessee ... .. . . ......... .. . ... . . .... . ....... . ...... .. ... .... .
Washington ................................................... .
W~st Vi~ginia ................................................. .
W1scons1n ........... ~ ......................................... .
5
1
6
3
1
1
3
2
2
Total ................................................... .
73
See footnotes at end of table.
1 .. ........
1 ..........
1
2... · ·----····
2
6
1 . .........
2
1
1
2
2
1
$13,680.00
7, 650. 00
20,595.00
106,920.00
54,765.00
142, 430. 00
69,385.00
20,655.00
6, 885.00
79, i20.00
41,240.00
27,495.00
27,540.00
37, 065. 00
78,000.00
16, 500. 00
6.88~.oo
60,000.00
113,005.00
56,250.00
106,437.50
34, 425. 00
5, 163. 75
5, 130. 00
20, 770. 00
13,770.00
13,725.00
3
60
1, 186, 086. 25
1
3 · ·········
1
3
2 ... .......
I
2 · ·········
1 ·· ·· · ··••·
2 · · ··· ·····
3 ··· · · ·····
4 . .. . . .....
1 · · ·· · ·····
3 · ·········
2 · ·········
2 .. ........
1 . .........
1 · ·········
5 · ·········
1 ··········
6 .. ........
2 ... ...... .
1 . ........ .
1 ··········
1
3
2 ··········
63
1
3
2
2
2
1
2
3
4
1
3
2
2
1
1
5
1
6
Amount out·
standing as of
Sept. 30, 1940 2
1--------
$6,840.00
$6,840.00
· ·················
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .............. _..
6,840.00
6, 840.00
·· ······ · ··· ···· ··
25,377.88
25,520. 00
·····-············
6,840.00
6,840.00
$6,840.00
6, 840. 00
6, 840. 00
.. .. .......... ....
6,840.00
6,840. 00
45. 00
· ········· · ······· · ········- ··· · · · ·· · ····· · ··········6,885.00 .................. · ·-··----· · ···-··12,840.00
12,840.00
····· ···· ······- ··
6,840.00
6,840.00
· ·- -·· · -·· · · · ···-·
6,840.00
6,840.00
6,885.00
6,885.00
6,885.00
·--····-····· · ··· ·
21, 525. 00
21, 525. 00
900. 00
3,000.00 ···--·--··-· · ····· · ···-·····--··--··
. _...... .. . _... ___ .. ___ ..... _. . . . . . . . .... __ ......... _.
····-······-······ ................................... .
··-· -········· · ·· · · ··· · ···· · ······ · · ·····-···- ········
73,680.00 · ········ · ········ ··· ····· · ·········
56,250.00 · ······· · · · ······ · ······ ··· ··· ·· · ···
13,685.00
13,685.00
····· · · · ·· ······· ·
'>, 885. 00
6, 885. 00
_. . ....... _. . . . . . .
_.... ...... .. ..... ....... . ... .. ..... ........ ......... .
. . . . . . . . . . . . . . . . . . -. . . . . . . . . . . . . . . . . . . .. ............. . . . . . . . . . . . . . . . . . . . . -. . . . . . . . . . . . . . . . ................ .
6,705.00
6,705.00
· ······-·· · · ······
6,660.00
6,660.00
········ ····· ··· · ·
154,485.00
148,585.00
148,442.88
0
~
1-3
0
~
~
~
0
0
z
00
1-3
~
d
0
8
H
0
z
~
H
z
>
z
~
8
~
~
~
~
~
45
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, 1940, inclusive, by States 1Continued
TABLE
NATIONAL DEFENSE-Continued
LOANS TO BUSINESS ENTERPRISES TO .A.ID IN NATIONAL DEFENSE, UNDER SEC.
FINANCE CORPORATION ACT, AS AMENDED
Numberof
authorizations
State
Alabama ______ . _________
Arizona _________ -... -- ..
Arkansas . ________ -----California ___ ____________
Colorado. __ . __ ... ---. -.
Florida. ______ .. -. -- ....
Georgia _________________
Idaho ___________________
Illinois __________ . __ . ____
Indiana _____ ._ ..... -....
Iowa ____________________
Kansas _________________
Maine __________________
Maryland _________ . _____
Massachusetts. _______ ..
Michigan _______________
Minnesota ______________
Missouri. ______________ .
New York ______________
Oregon __ _______________
Washington. ___________
w ~stv·1~g1n1a
· · ___________
W1sconsm ______________
Total, loans _______
Numberof
borrowers
--
1
1
2
6
4
3
2
2
1
1
2
2
1
1
3
2
4
3
4
4
1
1
5
3
1
1
2
2
1
1
4
4
5
5
3
2
3
3
2
2
2
1
- 63
- - 53
2
1
3
7
Amount withdrawn or canceled
Amount authorized
$13,680.00
7,650.00
20,595.00
81,920.00
54,765.00
48,680. 00
6,885.00
20,655.00
6,885.00
79,720.00
41,240. 00
27,495.00
27,540. 00
37,065.00
3,000.00
16,500.00
6,885.00
53,005.00
96,110.00
34,425. 00
20, 770.00
13,770. 00
13,725.00
732,965.00
- -- -- - - --- ------
5d OF THE RECONSTRUCTION
Amount disbursed
$6,840.00
Amount out•
standing as of
Sept. 30, 1940 2
$6,840.00
---------------- --------------------------------6,840.00
6,840.00
------------------------------$6,840.00
-- -------------45.00
25, 520.00
6,840.00
6,840.00
6,840.00
25,377.88
6,840.00
6,840.00
6,840.00
------------------ --------------- ---------------6,885.00 ------------------ ------------ ---12,840.00
12,840.00
---- -----------6,840.00
6,840.00
---- --- 6,885.00
-------- -
--------- 900.00
-------
6,840.00
6,885.00
21,525.00
6,840.00
6,885.00
21,525.00
148,585.00
148,442.88
3,000.00 -- ---------------- ----------------- -------------- ------------------ --------------------------------- ------------------------------13,680.00 ------------------ ---------------13,685.00
13,685.00
---------------6,885.00
6,885.00
--- ------- --------------------- -------------------------------6,705.00
6, 705.00
-- -------- -----6,660.00
6,660.00
----------- ----38,235.00
AGREEMENTS TO PURCHASE PARTICIPATIONS IN LOANS TO BUSINESS ENTERPRISES TO AID IN NATIONAL
DEFENSE, UNDER SEC. 5d OF THE RECONSTRUCTION FINANCE CORPORATION ACT, AS AMENDED
California _________ .. ___ _
Florida ________________ _
Georgia ________________ _
Massachusetts _________ _
M~ssissi~pi ____________ _
M1ssour1 ___ ____________ _
Nebraska ______________ _
New York _____________ _
South Carolina. _______ _
Tennessee. _____ _______ _
Total, participations ____________
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
$25,000.00
93,750.00
62,500.00
75,000.00
60.000.00
60,000.00
56,250.00
10,327.50
5,163.75
5,130.00
$60,000.00 ---------------- -----------------56,250.00 ---------------- ------------------
- - - - 1 - - - - - - - - - - - - ; - - - - - -;- - - - - - 10
116, 250. 00 ________________ _________________ _
453, 121. 25
MINING, MILLING, OR SMELTING OF ORES
LOANS TO BORROWERS ENGAGED IN THE MINING, MILLIN G, OR SMELTING OF ORES 17
[Under sec. 14 of the act approved June 19, 1934, as amended]
Arizona _________________
California ___________ __ __
Colorado ________________
Georgia _________________
Idaho ___________________
Kentucky __ ____________
l\,fichigan _______________
J\,Iontana _______________
Nevada _________________
New Mexico ________ ____
Oregon _______ ____ ______
South Carolina __ _______
South Dakota. _________
U tab ________ ___________
Virginia ________________
Washington. ___________
Wyoming _______________
38
50
12
2
2
1
3
Alaska _____________ _____
1
3
2
1
1
30
38
12
2
2
1
2
9
11
3
4
1
1
3
2
1
1
18
10
Total _____________
10
11
3
5
1
16411331
See footnotes at end of table.
$1,730,500.00
$1, 262,000.00
$462,500.00
$267,500.00
3,927,100.00
1,262,500.00
2,579,600.00
1,805,600.00
1,495,000.00
1,422, 000.00
73,000.00
69,305.79
24,000.00
10,000.00
14,000.00
9,688.93
240,000.00
240,000.00 - ------- --- - - -- - -- --- ------- -- -- -120,000.00 ----- - -- - --- - --·12, 200. 00 -- --------- ----73, 10). 40 ---------------280,000.00
100, 000.00
985,000.00
257,000.00
253,000.00
728.000.00
3,365,000.00
24,617.73
3,155,000.00
210; 000. 00
21,000.00
41,000.00
20,000. 00
15,000.00
413,500. 00
15,000.00 ------ -- --- ----428,500.00
20,000.00
20,000.00
20, 000.00; -------________ -----______ ---____ ---------------20,000.00
----- ------ ----60,000.00
42,000.00
18,000.00
8,000.00
22,000.00
8,000.00
14,000.00
14,000.00
20,000.00 --- ----- ---- - -- - - - --------- - ------ ---------- - ----20,000.00
15,000. 00
5,000.00
5,000. 00
2,695,000.00
135,000.00
1,990,000.00
1, 110, 000. 00
1
15,493,100.001I
8,382,000.001
6,245,409.40
3,581,712.45
46
REPORT OF RECONSTRUCTION FINANCE CORPORATION,
4.-Number of authorizations and borrowers, to which authorizations were
made; and a.mount of authorizations, withdrawals or cancelations, disbursements
and amount outstanding,from Feb. 2, 1932, to Sept. 30, 1940, inclusive, by States 1Continued
TABLE
SELF-LIQUIDATING PROJECTS, ETC.
LOANS ON SELF-LIQUIDATING PROJECTS
[Under sec. 201 (a), title II, of the Emergency R elief and Construction Act of 1932, as amended]
INum- Num-I
ber of
authorizations
State
ber of
borrowers
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
-- -A labama __ ___ ___________
A rizona __ ______ ________ _
A r kansas _____ __ ___ __ ___
C alifornia __ _________ ___ _
Colorado ___ ________ _____
C onnecticut __ _____ __ ___
Florida ______ ____ ______ _
Georgia ________________ _
I daho _______ ____________
I 11 in ois ____ ___ __ _______ __
__ian a _________________
I n cl.
o
wa
___________ _____ ____
I
Kansas ___ ____ ____ ___ ___
K,...entucky ______________
I ,ouisiana __________ ____ _
I a.ry Ian d ________ ___ ___
M
Michigan ________ _______
l\1innesota _____ ____ ____ _
M ississippL ______ ______
M issourL ______________
M ontana ______ _________
N ebraska _____ __________
N ew Hampshire ________
Nrew J ersey __ ________ ___
NTew Mexico ____________
NTew York __ _______ _____
North Carolina _________
0 hio ___ ___ ___ ___________
0 klahoma __ ____________
0 regon _________________
p ennsyl vania ________ ___
south Carolina ___ _____ _
s outh Dakota __________
'I'exas ____ _________ ______
tah ________________ ___
u irginia
____ ____________
V
:vash ington __ __ _______ _
\,\rest Virginia ___________
1/ isco ns in ______________
1/yoming ___________ ____
p uerto Rico ______ _____ _
'
''
TotaL ____________
LOANS
To
6
5
6
3
10
8
5
1
7
2
1
7
4
1
3
10
13
5
1
7
2
1
7
4
1
3
16
4
1
3
1
2
3
14
4
1
3
1
2
3
2
2
2
1
2
1
f,
4
6
10
4
9
s
8
9
2
10
2
2
2
4
3
1
21
6
8
4
2
1
20
6
2
8
2
1
1
1
1
1
1
1
1
·- -
192
PUBLIC AGENCIES
--
To
176
$224,000.00
$149,500.00
$74,500.00
$55,000.00
1,703,500.00
13,500.00
1,690, 000.00
1, 485, 000. 00
1, 463, S51. 92
515,000.00
948,851.92
581, 521. 99
6, i32,602.94
310, 655, 700. 00
265,523,097.06
1,525,000.00
2,002,233. 79
572,430.00
1,429,803.79
877,000.00
100,000.00
100,000.00 -- -- ----- - --- - -- -- --- - -----------1, 644, 9:30. 78
930,000.00
714,930. 78
440,000.00
41,000. 00
19,000.00
22,000.00
3,000.00
60,000. 00 - ------ - - --- -- - 60,000.00
60,000.00
7,830, 723.00
4,756,250.00
3,074,473.00
97,000.00
833,000.00
773,000.00
60,000.00 --- - ---- ------ - 9,700. 00
9,700.00 - --- -- --------- - - - - ------- ---- ---820, 000.00 ------ -- - - -- - --820,000.00
755,000.00
1,519,624.00
514,624.00
998, 000.00
262,000.00
16,063,000.00
1,789,777.20
14,273,222.80 -- -- -- ---------59,850.00 -- - - -- -- - - - - - - -59,850.00 -- -------------718,841.47
643,841.47
75.000.00
626,242.17
575, 000.00
575;000.00 - ---- -------- -- - -- ---------------325,000.00
50,000.00
275,000.00
125, 000.00
996,140.00
954,140.00
42,000.00
34,000.00
207,000.00
27,000. 00
180, 000.00 ---------------75,000.00
60,000.00
15,000.00 -- ----- --------250,000.00 -- ----- -- - --- - - 250,000. 00 - ------- ----- --3,361, 904.37
85,904.37
3,276,000. 00 -- --------- --- -13,279,600.00
309, 000.00
5,635,600.00
5,482,600. 00
27,218,000.00
5,356,000.00
21,862,000.00
7,175,500.00
1,120,473. 20
592,473. 20
528,000.00
35-4, 000. 00
628,800.00
175,300.00
453,500.00
141,500.00
299,982.81 ------ -- - - -- - - ·
299,982.81 ------ ------- --734,625.00
10,000.00
724,625.00
724,157.50
315,000.00
215,000.00
100,000.00 ---------------230,500.00
81,000.00
149,500.00
58,212.11
105, 000.00
105,000.00 -- ------ - -- - - - - - -- ------ ----- -- --4,278,662.85
1,093,012.85
3, 18-5, 650. 00
30,500.00
737,300.00
685,300.00
52,000.00
11,500.00
2, llO, 225. 80
131,376.00
1,978,849.80
183,143.40
3,026,318.37
2,476,318.37
550,000.00 -- -- -----------3,000.00
3,000.00 ----- - ----------- - ----- ---- ----- -40,000.00 ------- - - - - -· --- 40,000.00 ------------- --125,000.00
125,000. 00 - - - - - - - - - - - -· - - - - - - ---------------1,300,000.00 --- - ------ - ----1,300,000.00 ---------------400,092,487.36
32,152,846.08
329, 197, 641. 28
21 ,086,8i7. 17
AID IN FINANCING PROJECTS AUTHORIZED UNDER FEDERAL, STA.TE
OR MUNICIPAL LAW
[Under sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Alahama ____________ . __
Arizona _________ ____ ____
Arkansas _______ ________
California _______________
Florida _________ ________
Georgia _____ __ ______ ____
Idaho __ _________ ________
Illinois __________ ____ ___ _
Indiana ___ _____________ _
lov,a ___ _______ ____ __ __ - Kansas ____ _____ ______ - Kentucky ______________
3
6
,1
10
8
6
12
5
12
4
6
f,
2
12
1
1
1
3
2
12
1
1
1
3
See footnotes at end of table.
$3,G46,000. 00
$21G, 000. 00
$2,500,000.00
------515,000.00 ----- ----- ·- --- 480.000. 00 --------$100,000.00
512,300.00
124,000. 00
181,300.00
238;300.00
5,807,500.00
5,639,400.00
164, HJO. 00
19,300.00
2,208,000.00
211,000.00
1,606,000.00
1,115,000.00
66,000.00
4, 967, 991. 81
4, 901, 991. 81
85,000.00
17,500. 00
12.500.00 --- --- -- ---------- -- ----- -- ---- --814,900.00
667,000. 00
53,400.00
53,400.00
67,100.00
67,100.00 -------- --------- - -- --- --------- -255, 000.00
255,000.00 ------------------ ------ ---- -----7,000.00 ---------------7,000.00
6,650.00
88,000.00 ---------------46,000.00
46,000. 00
REPORT OF RECOXSTRUGTION FINANCE CORPORATION
47
4.-Number of anthorizations and borrowers, to which authorizations were
made; and amount of authorizations, v:ithdrawals or cancelations, disbursements
and amount 01dstand,£ng, from Feb. 2, 1932, to Sept. 30, 1940, inclvsive, by States 1Continued
TABLE
SELF-LIQliIDATING PROJECTS, ETC.-Continued
LOANS
To
PUBLIC AGENCIES
To AID
IN FINANCING PROJECTS AUTHORIZED UNDER FEDERAL, STATE,
OR MUNICIPAL LA w-Continued
[Under sec. 5d of the Reconstruction Finance Corporation Act, af an:ended ]
Numbcrof
authorizations
State
Numberof
borrowers
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
- - --Louisiana. ____________ ..
Maine. _____ _________ ___
Michigan. ______ ________
Missis-s ippi. ____________
Montana __ _____ ________
New Hampshire. _______
New Jersey ____________ _
Xew Mexico ____________
New York ______________
North Carolina ________ _
0 b io ____________________
Oklahoma. _____________
Pennsy]yania ___________
South Carolina _________
Tennessee. _____________
1'exas ___________________
Utah ___________________
ashington ____________
Wisconsin ______________
,v
Total _____________
1
1
2
1
1
12
4
21
8
7
3
3
5
24
6
2
1
9
1
1
1
3
4
20
4
7
3
3
3
20
6
1
1
$19,000. 00
25,000.00
15, 000.00
15, 225 . .500. 00
175,000,00
1,769,000.00
418,000.00
30,000.00
67,266,036.00
773, 000. 00
1,454,000.00
766,000.00
61,310,000. 00
200,000.00
14.308.000.00
17, 120. coo. no
201,0~.oo
13,720,000.00
55,000.00
171
149
214,061,827.81
1
1
1
4
--
2
$19,000.00
- --------- - ----$25,000.00 --------- --------!'i,000. 00
10,000.00
227,000.00
9,466,500. 00
--------------------------- ------1,769,000.00
--- ·· -·· ---------418,000. 00
---------------19,800.00
·--------------10.000,036. 00
566,000.00
64,000.00
305,500.00
737,000.00
717,000.00
6.55,000.00
--------- -- ----3, 378, 911. 24
57, 931, 088. 76
10,000.00
---------- - - -- -·
6,000,000.00
8,308,000.00
3, 105, 500. 00
226 . .500.00
63,000.00 ----- - --- - -------12,235,000.00
- -- - - - - -- - - - - - - - 55,000.00 -----------------13, 160, 111. 24
120,441,516.57
$18,500.00
---------------10,000.00
4,363,500.00
------------------------------------------ --19,800.00
300,000.00
215, 500.00
29,000. 00
55,000.00
---------------10,000.00
8,307,600.00
732.000.00
-------- -- - - - --8, 715, 000. 00
---------------24,382,550.00
DRAINAGE, LEVEE, AND IRRIGATION DISTRICTS
LOANS TO DRAINAGE, LEVEE, IRRIGATION, AND SIMILAR DISTRICTS, ETC.
[Under the Emergency Farm Mortgage Act of 1933, as amended]
Arizona _________________
Arkansas _______________
California. ______________
Colorado ________ . _____ - _
Florida _________________
Idaho ___________________
Illinois ___________ _______
Iowa ______ ___ ____ _______
Kentucky ______________
Louisiana _______________
Minnesota ____ _______ ___
Mississippi ____________ _
MissourL _______________
Montana ______ _________
Nebraska _______________
N ernda _________________
New Mexico ____________
North Carolina _______ __
Oregon ________________ _
South Carolina _____ ____
South Dakota ____ ______
Tennessee ______________
Texas ___________________
Utah _________ - ___ - - - - -v·1rgmm
.. ________ ________
'\Vashington. _______ ____
isconsin ______________
,vyoming _______________
,v
22
146
143
60
67
59
94
13
4
21
1
117
108
30
15
6
8
86
61
32
34
29
44
7
3
19
1
71
76
18
10
4
2
63
7
6
7
138
10
2
26
6
6
5
60
16
12
12
2
30
1
3
--
Total. ____________ 1,193
2
17
1
2
-652
See footnotes at end of table.
$13,884,453.77 $10,655,440.33
$3,206,748.55
$3,051,735.27
15,187,745.51
2,286,535.24
12,667,618.98
11,457,026.58
21,749,745.92
25,393,596.45
24,799,582.11
49,628,346.61
2,817,993.08
5, 144, 841. 35
2, 251, 601. 01
2,652,918.05
5, 458, 531. 44
492,551.00
4,747,292.30
4,519,176.98
1,749,865.44
3,079,715.33
893,695.86
1, 552, 183. 25
2,769,656.18
3,860,385.67
903,961.88
2,467, 141. 73
194,836.55
383,500.00
183,000.06
166,386.83
64,503.83
91,932.45
21,854.36
69,603.70
760,196.53
1,494,433.77
071, 116. 73
813,181.07
302,500.00
302,500.00 ------------- ----- ---------------5,435,235.56
659,028.22
4,756,412.61
3,972,374.64
5,572,530.80
6,664,682.27
8,130,349.86
1,430,533.94
1, 129, 216. 19
1, 212,226.23
1,960,749.31
537,138.96
1,465,000.00
1,694,330.20
l,.164,666.66
126,163.54
481,000.00
969,433.00
534,576.06
434,856.94
728,000.00
963,807.76
868,385.87
84,807.76
i6,99g.84
35,/500.00
174,000.00
1,000.16
2,572,609.69
2,841,383.00
3,094,236.46
105,928.20
128,500.00
305,160.00
149,928.37
155, 231. 63
119,000.00
lfiO, 100. 00
6,000.00
156, 100.00
83,899.49
91,799.49
110,300.00
18,000.00
14,294,004.00
15,153,270.14
1,022,169.52
16,852,824.64
244,000.00
31.5, 499. 96
637,500.00
322,000.04
136,000.00 --- - ------ - ---136,200.00
200.00
984, ,500. 00
1. 168, 372. 90
1,425,495.70
257,122.80
22,000.00
22,000.00 ·-- . - - -- - - -- - - - - - ------ ---- - -- - 58,900.00
62, 400.00
68,900.00 ----------------
140,653,008.39
45,594,184.10
90,137,095.70
83,359,885.97
48
REPORT OF RECONST'RUCTION 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, 1940, inclus,ive, by States 1 _
Continued
TABLE
REPAIR OF DAMAGE BY EARTHQUAKE, FLOOD, ETC.
1933
[Under sec. 201 (a) (6), title II, of the Emergency Relief and Construction Act of 1932, as amended]
LOANS FOR FINANCING REPAIR OF DAMAGE BY EARTHQUAKE, FIRE, TORNADO, OR CYCLONE IN
Numberof
author-
Numberof
boriza- rowtions ers
State
Amount with•
drawn or canceled
Amount authorized
Amount outstanding as of
Sept. 30, 1940 2
Amount disbursed
-- -California ___ ___________ _
Kansas ________________ _
Louisiana ______________ _
Maine __________________
Tennessee ______________
Total _____________ ~
6
1
1
1
1
1
4
2
1
1
1--6,
I
I
$7,500,000.00
1,000,232.20
200,000.00
1,650,000.00
100,000.00
$639.00
886,527.32
43,200. 00
990,627.04
130. 74
$7, 499, 361. 00
113,704.88
156,800.00
659,372.96
99,869.26
I
I
10,450,232. 201
1, 921, 124, 101
---------------$104,474.88
70,326.79
------------------------------I
8,529,108.IOj
147,801.67
LOANS TO FINANCE REPAIR OF DAMAGE BY EARTHQUAKE, FLOOD, OR OTHER CATASTROPHE IN
1934, 1935, AND 1936
1933,
[Under the act approved Apr. 13, 1934, as amended]
California _______________
Connecticut _____ _______
Florida _________________
Georgia _________________
Maine ____ __ ____________
Maryland ____ __________
Massachusetts __ ________
Mississippi _______ ______
Montana _____ _________ _
New Hampshire ________
New Jersey ___ ____ ______
New York __ ___ ________ _
North Carolina _________
Ohio ___ _______________ __
Pennsylvania _____ ______
Texas _____ __ ________ ____
West Virginia __ ____ ___ __
Total _____________
5~1
1
51
1
1
157
20
9
123
86
1
11
1
24
1
2
207
2
4
144
20
9
120
81
1
11
1
21
1
199
1
3
705
667
--
,.,C)
$1,252,830.00 I________________
$2,150,000.00
$897,170.00
142,945.00
51,770.00
91,175.00,1
$38,125.44
50,000.00
38,459.00
11,541. 00 ---------------1,335,500.00 • 345,694.65
989,805.35
686,257.57
24,250.00
15,800.00
8,450.00
1,590.80
24,600.00
13,000.00
11,600.00
1,533.00
325,159.00
258,335.00
66,824.00
10,265.13
216,250. 00
40,379.02
175,870.98
87,767.14
33,305. 00
150,000.00
116,635.00
21,922.13
42,950. 00
19,478.86
23,471.141
9,091.62
500.00
500.00 ------------------ ----- ----- -- ---17,625.00
53,697.00
36,072.00
26,495.00
10,500.00
10,500.00 ------ ------------ ---------- -----4,900.00 ---------- - --- -4,900.00
1,799.89
1,035,387.75
391,565.00
643,822.75
246,321.05
140,000.00
120,000.00
20,000.00 ---------------20,950.00
27,650.00
6,700.00
140.00
5,734,288.75
ALL
2,260,341. 53
3,473,947.22
1, 131, 308. 77
OTHER
LOANS TO CREDIT UNIONS
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Massachusetts __________
Michigan ______________ _
Minnesota __________ ___ _
New York ___ _____ _____ _
Rhode Island ___________
Virginia _______________ _
Total _____________
2
1
1
$843.42
$73,711.58
$74,555.00
55,495.70
65,000.00
9,504. 30
261. 29
9,738.71
10, 000.00
20,000. 00 - -------- - ----- -·
20,000.00
12,263. 00
455,183.00
467,446.00
5,966.8C
5,966.80 ------------ - -
10
7
642,967.80
3
1
1
1
2
2
1
1
1
-- --
42,872.01
$14,182.58
----------------- ----- ------------------------
·--------------. ---------------
600,095.79
14,182.58
LOANS TO PROCESSORS, OR DISTRIBUTORS SUBJECT TO PROCESSING TAXES
[Under sec. 5 of the Reconstruction Finance Corporation Act, as amended]
Connecticut_ ___________
1
Kentucky __________ ____
1
Mon tan a ____ _________ __
1
New Jersey ___ __________
1
0 h io . _____ ______________
1
Pennsylvania ___________
1
Tennessee ______________
1
Total _____________ - 7
1
1
1
1
1
1
1
7
See footnotes at end of table.
$567. 6f
$567.68 --------------3,428.0C
3,428.00 ----------- ---·
$487.90 ·--------- -------·
487.90
3,300.00 ----------------3,300.00
7,400.00 ·- ---------------7,400.00
3,905.69
3,905.69 ---------------6,816.69
183.31
7,000.00
...
26,089.27
11,371. 21
-------------------------------------------------------------------------------------------------------14,718.06 ----------------
REPORT OF RECO~STRCC'TION FI~ANCE CORPORATION
49
4.-:.Vumber of authorizations and borrowers, to u. hich authorizations were
made: and amount
authorizations, withdrawals or cancelations, disbursernents,
and amount outstanding, fro,n Feb. 2, 1932, lo Sept. 30, 1940, inclusive, by States 1Continued
TABLE
1
of
ALL OTHER-Continurd
LOAN TO STATE Fr~D FOR SECURING REPAYMEXT OF DEPOSITS OF PCBLIC MONEYS
[Under sec. 5 of the Reconstruction Finance Corporation Act. as amended]
INum- lNumber of berof
au.
thor- boi.
row1zat1ons ers
State
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 z
---'Wisconsin ______________
3
1
$13,08i. 715.88
$23,084.70
$13, 064, 631. 18 ----------------
3
1
13,087, 715.88
23.084. 70
13, 064, 631. 18 ----------------
---Total _____ ________
LOANS TO REFINAN CE PUBLIC SCHOOL DISTRICT OBLIGATIONS
[Under the act approved Aug. 24, 1935]
Arkansas __________ - _- - _
Florida _________________
Texas ___________________
1
20
1
10
10
33
31
22
Total _____________ - - - - -
$1,123,800.00
$973,800.00
$150,000.00
$145,500.00
242,000.00 ---------- --- --- ------------------ ---------------883,000.00
415,175.00
1,431,250.00
411,675.00
2, 797,050.00
1,856,800.00
565,175.00
55i, 175.00
LOAN FOR PAYMENT OF TEACHERS' SALA.RIES
[Under sec. 16 of the act approved June 19, 1934. as amended]
1
I
1 $22,500,000.00
$200,000.00
1
22,500, 000.00
200,000.00
I
Illinois __________________
Total _____________ - - - -1
$22,300,000.00
---------------22, 300,000.00 ----------------
AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF, UNDER THE EMERGENCY RELIEF
AND CONSTRUCTION ACT OF 1932, AS AMENDED
Alabama ___ ____________ _
Arizona. ______________ __
Arkansas ______________ _
California ____________ __ _
Colorado _______________ _
Florida ________________ _
Georgia ____ ____________ _
Idaho ___ _______________ _
111inois _________ ____ __ __ _
Indiana ________________ _
Iowa __ _________________ _
Kansas . _______________ _
Kentucky ___________ __ -,
Louisiana ______________ _
Maine ________________ __
Maryland _____________ _
Michigan ______________ _
Minnesota ___ __________ _
M!ssissiJ?pL ___________ _
M 1ss0un _______________ _
Montana ___________ ___ _
Nevada __ ___ ___________ _
New Hampshire _______ _
New Jersey ____________ _
New l\fexico _____ ______ _
New York. __ _______ ___ _
North Carolina ________ _
North Dakota _________ _
0 hio. ___ ____ __________ - Oklahoma _____________ _
Oregon . _____ _____ _____ _
Pennsylvania __________ _
Rhode Island __________ _
South Carolina ________ _
South Dakota ________ __
141
7
7
9
8
6
20 !
5
13
15
10
i
9
6
6
2
30
8
8
16
21
10
3
1
5
5
5
11
37
5
16
7
~
I
5:
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
See footnotes at end of table.
$4,211,688.00'----------------I
1,448,269.00 ---------------- 1
4,833,967.00 ________________
10; 0~1.631.00 ---------------3,832,990.00 ---------------3,886,512. 00 ---------------1,745,692. 00 ---------------1,026,566.00 ---------------55,443,721.00 ---------------5. 179,931.00 ------ --- - -----2,151 , 430.00 ---------------2,592,934.00 ----------- ----6,728,987.00 ---------------8,200.127. 00 ---------------252,895.00 ---------------176,380.00 ---------------21,808, 199.00 ---------------2,581,787.00 ---------------4,058, 919.00 -- ------ ---- ---4,616,789.00 ---- ------ --- --2,368, 285.00 ----- ----- -- --- 262,632.00 ---------------1,366,603.00 ---------------2,009,291.00 ---------------387,903.00 ---------------26,600,000.00 ------- --- ----- 5,950,000. 00 ----- - -------- -592, 768. 00 _______ ____ ____ _
19, 272,205.00
$15,000.00
4,570,597.00 ---------------2,798,290.00 ---------------34,929,875.00 - --------------1, 123, 590. 00 _______________ _
4,575,270.00 ---------------1,803,945.00 ----------------
$4,211,688.00 ---------------1,448,269.00 ---------------4,833,967.00 ----------- - ---10,081,631. 00 ---------------3,832,990.00 ---------------3,886,512.00 ---------------1, 745,692.00 ---------------1,026,566.00 ---------------55,443, 721.00 ---- ------ ---- -5, 179,931.00 ----- --- - ------2, 151. 430. 00 ---- ----- ------2, 592,934.00 ---------------6,728,987.00 ---- --- - -- -- ---8, 200,127.00 ---------------252, 895. 00 ---------------176,380.00 ---------------21. 808.199. 00 ---------------2, 581,787.00 ---------------4,058, 919.00 ---------------4,616, 789.00 ---------------2,368.285.00 ------------- - -262,632.00 ---------------1.366,603.00 ---------------2,009,291.00 ------------ --- 387. 903. 00 __________ . ____ _
26,600,000.00 ---------------5, 9.50, 000. 00 _______________ ..
592,768.00 --- - - ----- --- --19, 257,205.00 ---------------4, 570, fi97. 00 ---------------2, 798,290.00 --- ---- ----- - --34,929,875.00 ------- ------ --1, 123, 590. 00 _______________ _
4,575,270. 00 --------- - ---- -1,803,945.00 -- ----- -- --- ----
50
REPORT OF RECONSTRUCTION FI~ANCE CORPORATIO~
4.- -f'.lumber of authorizations and borrowers, to which authorizations were
made: and amount of authorizations, withdrawals or cancelations, d1·sbursements,
and amount outstanding, from Feb. 2 , 1932, to Sept. 30, 1940, 'inclus1·ve, by States 1Continued
TABLE
ALL OTHER-Continued
AMOUNTS MADE AVAILABLE FOR RELIEF AND WORK RELIEF, UNDER THE EMERGENCY RELIEF
AND CONSTRUCTION ACT OF 1932, AS AMENDED-Continued
State
Number
of
authorizations
Number
of
borrowers
Amount authorized
Amount withdrawn or
canceled
Amount disbursed
Amount outstanding as of
Sept. 30, 1940 2
-Tennessee .. ___ . ________
Texas ___________________
Utah _________ ...... _. __
Virginia ______ . _______ . _
Washington __ . _________
West Virginia ___________
Wisconsin. ___ __________
Hawaii. ________________
Puerto Rico ____________
Total _____________
13
13
9
20
18
15
5
2
1
3,375,352. 00
7,952,292.00
2,923,439. 00
3,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00
1
1
1
1
1
1
1
1
1
4421441
300,000,000.00
3,375,352.00
7, 952,291.00
2,923,439.00
8,495,304.00
5,977,430.00
9,655,218.00
12,395,362.00
394,935.00
360,000.00
---- ----------- -
1.00
-- ---- ------ -- -- - -- -- - -- --- ----
- ----------- -------------------
-- --------------
----------------
---- ------------
15,001.00
18
299, 984, 999. 00
--------------------------------------------------------------- ------------------------------------------------------------------------(18)
"Borrowers" represents applicants to whom loan and other authorizations have been made.
repayments unallocated, pending advices, as of Sept. 30, 1940.
3 Includes 960 loans approved to 716 fruit growers located in certain areas in Washington.
4 These authorizations are not include tl in the State totals shown aho\"e, hecause the operations of the
borrowers ordinarily are not confined to any 1 State.
5 In addition. upon certification by the Federal Emergen cy Relief Administrator, under the Federal
Emergency Relief Act of 1933. the Corporntion disbursed $499,%0,000 for relief, as ~hown on p. 52 of this
table. The Corporation also disbursd $3-19,065. 72 for expwses neces-;ary to carry out the provisions of the
above act, ma~in~ a total of $499,999,0()5.72 disbursed.
a Duplications in the number of banks and trust companies have arisen in cases where the Corporation
has made authorizations to open banks and trust companies, and. also has made authorizations to aid in
the reorganization or liquidation of the same banks and trust companies.
7 Duplications in the number of banks and trust companies have arisen in cases where the Corporation
bas made authorizations to a bank or trust company under more than one of the classifications under sec.
304 of the act approved Mar. 9, 1933, as amended.
8 Subscription for preferred stock of an insurance company.
0 Revised.
:o Includes 12 authorizations in connection with refinancing of loans previously made by the Corporation
to Federal land banks.
11 Includes $193,M8,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts . but in the same aggregate amount.
12 Of this amount, $5,000,00J represents rnvo lvin g credits established in October 1939 to aid in financing
the exportation of cotton, and $74,290.46 represents increases hy rea:;ou of repayments in connection with
the revolving credits. This authorization was eligible U!lder sec. 201 (c) of Emergency Relief and Construction Act of 1932, and/or under sec. Sd of R econstruction Finance Corporation Act, as amended; but
for statistical purposes it is being included in authorizatio ns under sec. 201 (c). The Corporation has
agreed to participate with banks U!ld2r this authorization; and of the $5,000,000 authorized, $4,500,000
represents the amount of the Corporation'" agreement to participate.
1a Does not include 3 authorizatiom as follows: An agreement to repurchase securities sold by the Corporation aggregating $-1, 150,000 which has been -:?anceled, and guaranties of $670,000 of securities sold by the
Corporation of which $64 ,000 has been canceled.
14 After eliminating duplications arising in cases where the Corporation also authorized loam or participations to the same business enterprises uncter sec. Sd of the Reconstruction Fi::1ancc Corporation Act, as
amended .
1° Duplications in the number of business enterprises have arisen in cases where the Corporation had
made authorizations to business enterprises, to aid in national defense, and also has made authorizations to
the same business enterprises other than to aid in national cl.efcnse.
16 Included in "number of borrowers" und er national defense loans under the act approved June 25, 1940,
shown above.
17 Classified by States accordi!lg to the location of the property of the borrowers.
1s Of the $299,984,999 disbursed for relief and work relief as shown on p. 50 of this table, $17,159,232.30 was
repaid to the Corporation hy Stat0s and political subdivisions. In addition, pursuant to the provisions of
the act approved Feb. 24, 1938, the Corporation's notes were canceled in the amount of $282,825,766.70.
equinlent 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.
1
z Includes
REPORT OF RECONSTRUCTION FINANCE CORPORATION
51
!.-Participations by banks, etc., z'n loans to business enterprises author'ized by the Reconstruction Finance Corporation, by States (except in
·
connection with natfonal defense)
TABLE 4-ADDEKDU~I
[Under sec. 5d of the Reconstruction Finance C'orporntion ..\ct, as amended]
[From June 19, 1931, to Sent. 30, HHO, inclusive]
Amount authorized to be taken by banks, etc.
i
State
1
I
Loans by banks, Loans by banks,
etc., in which
etc., in which
Sales of partici Reconstruction
Reconstruction
pations by ReFinance Corpo- Finance Corpoconstruction
Finance Corpo- ration authorized ration authorized
purchase of deration to banks, purchase of irnmediate partici- ferred participaetc. 2
pation 3
tion 3
$130, 876.67
$179,650.00
Alabama_ . .. . ... .............. 100,000.00
3,625.00
Arizona ....................... _
38,800.00
76,830.00
Arkansas ...................... 177, 191. 18
128,880.54
California ......................
105. 500. 00
24,875.00
Colorado ................ ...... .
137,916.67
190,250.00
Connecticut. ...................
Delaware .......... ............ ------------ ------ -------- ----- ----District of Columbia ........... ------------------ -------------- ---236,800.00
57,750. 00
Florida ....................... .
332. 175.00
748, 751. 16
Georgia ....................... _
27,900.00
2,500.00
Idaho ...................... _. __
401, 191. 67
169,953.78
Illinois ........................ .
131,900.00
251,000.00
Indiana ........................
82,250.00
20,250.00
Iowa . ......................... 50, 5,50. 01
97,666.67
Kansas ................. .... .. - 306,750.00
47,825.00
Kentucky . ... ................. _
8,000.00
20,500.00
Louisiana ............ . ..... ... _
61,500. 00
3,000.00
Maine._ .. ..................... 1, 071,160.00
23,750.00
Maryland .. .... ···-·· ......... _
295,656.66
541,650.00
Massachusetts ................ _
190,000. 00
.547,625. 00
Michigan ................ .. ... .
142,320. 00
65,R75.00
innnesota ............... _.... _
9,350.00
27,500.00
MississippL ................... _
106,935.34
80,766.67
Missouri. ............. _....... _
19,807. 50
115,018.98
Montana ................ - ..... .
38,250.00
24,641. 56
Nebraska _....... ••··········· 88,500.00
235,000.00
New Hampshire ......... · ···· 446,180.00
92, 291. 67
New Jersey ..... ........... .. . _
136,967.30
New Mexico ........ . ......... . - ------ - ---- ----- ··
486,595.79
452,050. 00
New York._ .................. _
821,000. 00
74,750.00
North f'arolina ............... __
390.00
3, om. oo
North Dakota ..................
644,047.45
281. 565. 00
Ohio _·············· · ··········54,500. 00
3;000.00
Oklahoma ......................
242,133.33
1,252,500. 00
Oregon . . ........ .. ............ _
3, 805, 3(16. 67
1. 079, 150. 00
Pennsylvania .......... ~ ..... . _
689,833.33
26,900.00
Rhode Island ..................
6,000.00
3,000.00
South Carolina .................
16,150.00
5,433.33
South Dakota ............... . . _
110, 884.07
210,160.00
Tennessee .................. .. . _
121,6~9. 90
160,3GO.OO
Texas .. ·•····-············· · ·· ·
17,500.00
23,500.00
Utah_····················-· · •· ·
700. 00
Vermont .·- ·-·····-··········· · ---- - ------ - ---- - 128,400.00
38, 500.00
Virginia .. . _.... ......... _......
180, 750. 00
54,975.00
Washington ... ............. ....
107,000. 00
36,000.00
West Virginia ............ _.....
353,250.00
68,400.00
Wisconsin ........... __ .........
8,000.00
Wyoming ...................... -----------------65,000.00
Alaska ... ·-···················· -----------------Hawaii.. ...... ... _............. ------- -- --------- ------- - --- ---- --112,500.00
Puerto Rico_ ................... ------------------
Total ............ ·-····· ·
8,930,738.79
11,466,050.01
Total
$430,275. 00
410,427.86
72, 925.00
10, 080,825.00
270,371. 67
15:i, 955. 00
27,500.00
52,550. 00
584,270.00
2,554,314.14
41,624.00
205,085.00
540,000.00
55,625.00
243,932.93
889,112.50
12,450. 00
48,270. 00
152,700.00
401,615.00
1,381, 050. 00
245. 257. 50
109:840.52
1,733,480.00
120,675.00
178,806.66
$740, 801. 67
514,052.86
188, 55.5. 00
10,386,896. 72
400,746.67
484, 121. f,7
27,500.00
52,550.00
878,820.00
3,635,240.30
72,024.00
776,230.45
922,900.00
15g, 125.00
392,149.61
1,243,687.50
40,950.00
112,770. 00
1, 247, 610. 00
1, 238, 921. 66
2, 118, 675. 00
453,452.50
146,690.52
1, 921, 182. 01
255,501.48
241,698.22
323,500.00
1, 020, 321. 67
250,967.30
2,906,554.12
1,478,630. 00
14,740.00
2,821,832.35
472,983. 33
1, 75i 133. 33
6,154,952. t7
799,483.33
411,775.00
44,583.33
1,390,360.49
1,076.403.23
142,250.00
70, 500. 00
995,387.50
5,433,983.33
502,564.29
1, 219, 050. 00
98,422.75
83,900.00
200, 000.00
150,000.00
--- --- - --- --- - - - --
481,850.00
ll4, 000. 00
1,967,908.33
582,880. 00
11,300. 00
1,896, 219. 90
415,483.33
262, 500. 00
1, 270,435.80
82,750. 00
-102, 775.00
23, 000. 00
1,069,315.52
794,403. 33
101,250. 00
69, 800.00
828.487. 50
5.203,25~.33
3.59, 564. 29
797,400.00
90,422.75
18,900.00
200,000.00
37,500. 00
38,080,341. 86
I
4
58, 477, 130. G6
According to location of borrower.
Them amounts are included throughout this report in loans authorized by Reconstruction Finance
Corporation under sec. 5d, as amenRed, -inasmuch as in each case the entire amount of the loan is authorized
and disbursed by Reconstruction Finance Corporatjon. Sale of participation t akes place usually at time
of disbursement.
3 These amounts are in addition to participations authorized by Reconstruction Finance Corporation
under sec. 5d, as amended, as shown throughout this report.
'In addition, bank~, etc., were to partiripate in the amount of $10,724,333.33 in commitments outstanding
at the close of Sept. 30, 1940.
1
2
52
REPORT OF RECONSTRUCTION FINANCE CORPORA'T ION
IL-Amount of disbur.,ements for relief upon certification of
grants by the Federal Emergency Relief Administrator, under the Federal Emergency
Relief Act of 1933, from Jl,,fay 12, 1933, to Sept. 30, 1940, inclus-ive, by States
TABLE 4-ADDENDUM
[Not included in the foregoing table 4)
Amount
State:
A la barn a ______ ______ ______________ _
Arizona _____ __________ ______________ _
Arkansas _______________ __ _____ ___ _
Californ:a ___ . ___ _______ ______ ___ __ _
Colorado _______________ ___________ _
Connectif'uL __ __ __________________ _
Delaware ___ _____ __________________ _
District of Columbia ______________ _
Florida ____ __ ____ ____ ______________ _
Georgia _____________ ____ _______ . ___ _
Idaho ____ ___________ _____ _________ _
Illinois ______ _________ _______ __ ____ _
Indiana ___________________________ _
Iowa _____ __________ ____ ________ -- __
Kansas . _______ ____ ______ _____ - _-- - _
Ken~~cky _____ __________ ________ ___
Louisiana _______ __ _______ ______ ___ _
l\,Iaine ____ . ___________ --- _- _- _-----Mary Ian d ___ . _____ ___________ _____ _
Massachusetts __ . ______ .. ______ - _- _- _
Michigan _____________ ____ _________ _
Minnesota _____________ __ ___ __ __ - _- _
Mississippi_ ____ ___ _______ ____ - _-- -2\1 issonri __________________________ _
Mon tan a ___ ___ _.. __ __ ___________ - __ _
Nebraska __________________________ _
Nevada ______ ______________________ _
New Hampshirn ___________________ _
disbursed
$8, 99-1. 391
2,834, 145
7,410, 249
15,823,535
3,!125,050
Amount
State:
disbur.<?ed
New Jersey_____________ ____________ $15, 423, 438
Kew Mexico ________________________
889,188
New York __ __________ ____ ________ _ 63, 131,~26
North Carolina ____________________ 9, 709, 990
North Dakota .__ _____________ ______
3, 612, 520
0 hio ____ ___ . ________________________ 36, 763, 382
1,594, Ei4
Oklahoma_______ _______ ____________
6. 309,005
1,010, 708
Oregon __ ____________ __ ____ __ . ____ _ 3,213,315
L0EG,174
Pennsylvania. ______ ________ ___ ____ 44,106,509
13, 347,232
Rhode Island____ _____ ________ ____ __
1, 870, 967
7,705.354
Sou th Carolina_ ____________________ 10, 424, 200
~09,957
South Dakota_ ____________________
7,035,597
52, 240.03S
Tennessee_______ ____ _____ __________
6, 369, 196
1 ! , 27.i9, 425
Texas ________________________ ______ 13, 24P, 874
5,24~. 789
2, 732, 726
Utah_ -----------------------------1,723, 352·
Vrrmont___________________________
481,544
5, 94.'i. 118
Virginia _______ ____________ ______ __ _ 5, 594, 074
13, 034, IS?
·w ashinl!ton _______________ ______ ___ 5,627,175
1,251, 414
·w rst Vin;dnia ______________________ 11, 090, 5D9
7,171,098
\Visconsin __________________________ 9, 619, 053:
11, 35.'i, 140
Wyo ming __ ________________________
190, 383
31,369,782
Alaska ________ ··-___________________
349, ti29'
S, 831. 9.'i9
Hawaii_ __ _____ __ ______ __________ ___ 1,110,561
8, .5.'i0, 286
Puerto Rico . _______________________ 1, 970, 201
6,685,494
Virgin Islanr!s ____ __ ______ ________ __
281, 753·
2,853,3.'ii
2,125,699
TotaL ____________________________ 499, 650, OOOi
370,801
96n, 436
1'ABLE
5.-Aggregate loan and other authorizations,
by acts oj Congress, from
Feb. 2, 1932, to Sept. 30, 1940, inclusive
Authorizations
Withdrawals or
cancelations
I ,o~ms under sec. 5 of the Reconstruction Finance Corporation Act, as amendect:
Ranks and trust companies:
Receivers, liquidating agents and conservators. ________ __ ___ _________ . ___ .. $1,133,1Gl,430.H3
Otherz _____ _____ ___ _____ ______ ______ _______ ______ _______ _________ ____ __ __ 1,334,954,661 . 08
$282,047,411 . 95
196, 555, 755. [:3
---
Dis bursemeu ts
Repayments and
other reductions 1
Outstanding as of
Sept. 30, 1940
$824,630, (WB. 2fi
l , 074, 573, 518. 25
$W, 123,155. 13
li3, 774,762.37
1, 899, 204, 181. 51
8:i, 897, 917 . .50
.
··•
Total, banks and trust companies~ . ____ _______ __________ ___ _____ . ____ . _. 2, 468, 116, 091. 71
Building and loan associations:
Receivers ______ ____ _______ _______ __ ____ __ ___ __ ____ ____ _____ ____ ____________
Other ____ ____ _____ ___ __________ __ ___ _________ ______ ___ ______ ___ _________ ___
-
478,603,167.48
$8-14, 753, 818. 39
1, 138,348,280.(;2
- - ·--·---·- - - - 1, 983, 102, OU9. 01
-
25,306,796.19
137, 376, 341. 56
22, 352, 231. 92
12,741 ,743. 69
2. 954, 5<i4. 27
ll!J, 535,999.05
2,579,282.85
115,313,984.89
375,281.42
4,222,014. Hi
'I'otal, building and loan associations __________________________ __ ______ ___
162,683,137.75
35,093,975.61
122,490,563.32
117, 893, 267. 74
4,597,295.58
Insurance companies ______ _______________ __ _____ ______ __ __________ ___ _________
104, 439,750. 19
13,746,540. 38
90,693,209.81
88,517,43G.92
2,175,772.89
Mortgage loan companies:
To aid in the reorganization or liquidation of closed banks ________ _________
To business enterprises._. ___ ____ . _____ . _____ __. _______________ . ______ __ __ .
To The RFC Mortgage Company __ _____________ ____ ___ ____ __________ __ __ __
To Federal National Mortgage Association _____ . ____ . ___ . _____ __. ____ . ___ .
Other ___ _____ ____ ____ ___ ____ _____ _________ _____ ______ ______ ____ __ __ ____ ____
'!'otal, mortgage loan companies ___ . . __ _____ ________________ __ . _____ ____ . _
Credit unions ... _____ ___ _______ . ___ ________ ________ _____ ________ __ ____________ _
Federal land banks __ ._. ____ _ . __ _____ ____ .. _____ ____ ___ ____ _____ ___ . _. __ _______
J oint-stoGk land banks ____ ___. _________ ___ ___ . ___ ___ . __ . _____ __ . ____ ___________
Federal intermediate erect it uanks ____ . ___ ________ . __ ___ _______ ______ _______ .. _
Agricultural credit corporations ______ _______ ____ __ ___ ______ ___ ___ _____ __ ____ ___
Regional agricultural credit corporations . _____ ___ . ___ .. ________ _____ ___________
Livestock credit corporations .. ___ ____ ________________ __ ______ ___ __ _____ ____ __ _
--
6
~
~
0
1-:r_j
~
~
0
0
zw
~
~
122,299,023. 9G
18,982,262. 63
16,422,275.00
10,720,439.85
143,368,261.03 -------- ---------133, 962, 7\:13. 11 --------------- --356,711,163.90
104,034,045.43
772, 763,517.00
133,736,747.91
6-12, 967. 80
42,872.01
3 399, 636, 000. 00
12,400,000. 00
31, 393, 359. rn
6,726,478.93
9,250,000.00 -- ---- -- --- - ----- 6,120,867.59
477,249.37
178,840,452.48
5, 596, 811. 76
14,511, 327. 88
1,539,729. 19
103, 316,761.33
5,701,835.15
139,218,364. 86
108,873,652.64
242,859,225.01
90,741,917.49
5,048,359.77
103, 058, 231. 43
38, 834,237.65
210,830,727.74
12, 574, 843. 84
653,475.38
36,160,133.43
70,039,414.99
32,028,497.27
599,969,838.99
448, 513,474.08
151,456,364.91
600,095.79
3 387, 236, 000. 00
24,666,880.20
9,250,000. 00
5,643,618.22
173,243,640.72
1?,971,598. 69
585,913.21
3 387, 236, 000. 00
21,152,871.89
9,250,000.00
5,599,953.83
173,243,640. 72
12,971,598.69
14, 182. 58
-------
--- - - - - -- ---- - -- - -
3,514,008.31
----- ---- --- -- -- -43,664.39
---------- ---- -- --- ---- - -------- - --
Railroads:
Loans:
Receivers and trustees _________ __ ________________________ ______ _______ _
Other _____ ___ __ ____ __ __________ ______________ ___ _______ __________ __ ____
Purchases of securities:
Rece ivers and trustees ___ ________ __ ___________ __ _______ __. __ ________ __ _
Other ___ ___ ______ __ __ _______ ____ ______ __________ _________ _______ __ _____
Guaranties _________ ____ ____________ _____ ___ _____ ___ __________ ________ __ ____
35, 978, 881. 95
719,342,935.00
844,791.00
105,560,164.89
39,183,000.00
4 92, 713, 900. 00
o 5, 350, 000. 00
Total, railroads . ___ _______ _____ . ___ ________________ ______________________
892,568,716.95
12,624,000.00
8,200.00
39,016,800.00
26,392,800.00
46,203,700. 00
553,600.00
92,160,300.00
45,956,600.00
350,000.00 - -- -- - - - ------- ----- -- ------- ---- ------- ---------- ---- -- -470,039,040.53
309, 833, 981. 53
107,316,755.89
779,873,022.06
See footnotes at end of table.
:
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~
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0
t:rj
C':2
Q
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35,134,090.95
613,561,831.11
7,942,431.00
229,542,150.53
27, 191, 059. 95
384,019,680.58
0
~
~
0
z
H
c.n
C;.J
TABLE 5.-Aggregate loan and other authorizations, by acts of Congress, from Feb. 2, 1932, to Sept. 30, 1940, incl1lsive-Continue d
Authorizations
Loans under sec. 5 of the Reconstruction Finance Corporation Act, as amendedContinued.
Processors or distributors subject to processing taxes ____________ ____ _____ __ __ ___
of public
State funds created for the purpose of insuring repayment of deposits
moneys __________ __ ___ ___ ______ ___ ___ ____ ______ ____________ _________________ _
Borrowers engaged in the fishing industry __ ______ __ ___ _______ _________ ________
Withdrawals or
cancelations
Disbursements
I
26,089.27
11,371.21
14,718.06
13,087,715.88
809,700.00
23,084.70
90,025.00
13,064, 631. 18
719,675.00
Total, sec. 5 of the Reconstruction Finance Corporation Act, as amended ____ 5,054,889,693.63
795,404 , 809.44
4,203,539,591.05
-
Subscriptions for stock of mortgage loan companies unde.r sec. 5c of the Reconstruction Finance Corporation Act, as amended:
The RFC Mortgage Company ____ _______ ____ ________ _____ __ ___________ _______ _
Federal National Mortgage Association __ ____ ____ __________ ____ ________ ______ . _
Other ____ ____ ____ ___ _______ ____ ___________ __________ __________ ____ ______ ___ __ __ _
25,000,000.00
11,000,000.00
1,250,000. 00
1,250,000.00
-
c.Jl
~
Repayments and I Outstanding as of
Sept. 30, 1940
other reductions 1
14,718.06 , ____ ________ ______
13,064,631.18 -- -- -- --- _-- - _. ___
40, 151. 02
679,523.98
715, 778, 397. 71
3,487,761,193.34
- --- -- - - ---- - - -
I
Authorizations for national defense un<Ier the act approved .Tune 25, 1940 (amenoing sec. 5d):
Loans _____ _______ ______ ____ ________ ____________ ______ ______ _____ ___. ____ ___
Participations _____ ___ __ ___ . ____________ _ ___ _ . ___ . _____ _ . _. _ _ . . .. .
Purchases of capital stock of corporations create<i by the Reconstruction
Finance Corporation to aid in national defense _______ ____ ___ _____. ______ _
H...
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0
0
~
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0
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424, 904, 676. 37
- -- - ---- -
135,032,864.73
229,467,288.06
100,939,262. 98
128,528,025.08
-- - - - -- -------
~
~
0
M
10
294,056, 200. 00
199,250.00
4,899,716.35
J:i9, ,500. 00
1,"i, 000. 00 --- - - - - - - - - - --- - -
~~~.- ~
~-- 30:: :::: ::: :: 1-- - -- -- Total, national defense under the act approved June 25, 1940 ___ _______
l=====I
Authorizations to business enterprises to aid in national defense under sec. 5d,
as amended:
11732,965.00
Loans ___ __________________________________________________________________
38,235.00
453,121.25
116,250.00
Agreements to purchase participations_______________________________ _____ _
Total, business enterprises to aid in national defense______________________
;j
H
36,000,000.00
36,000,000.00
1, 2,50, 000. 00
37,250,000.00
Total, sec. 5c of the Reconstruction Finance Corporation Act, as amended ___
l = = = = I == = = ==
1- - - - - =
I===
I=====
Authorizations under sec. 5d of the Reconstruction Finance Corporation Act, as
amended:
Authorizations to business enterprises under sec. 5d· as amended (except to aid
national
in Loans
__ _________________________ ______________ ________ _________ _____ __ 6 323,005,160.38
_____defense):
118,423,909.50
209,499,385.74
91,075, 4,6. 24
86,933,628.60
Participations ________________ __ ___ ______ ________ _______ ___ ________ __ ____ __ 7 101,899,515.99
10, 104, 115. 58
9,863,786.74
19,967,902. 32
48,099,236.13
Total, business enterprises under sec. 5d, as amended (except to aid in
national defense) _________ ________ _________________________ ___. __ _. _____
6
M
25, 000,000. 00
11,000,000.00
25,000,000. 00 , -- -- -- -- -- -- -- -- -- -11,000,000.00 -- - -- - - --- --- - -- -- - -
~
t_Tj
1,186,086.25
154,485.00
4,844, 38fi. 81
55, 3:30.."i4
- - -- -- - - - - - - - - · - ·· -
8,000,000.00 - - - -- - - - - - - ---- - - - - -
-- --- -
-- -
-- --- - -
8,000,000.00
12,899,716.35
55,330.54
12,844,385.81
148,585.00
142. 12
148,442.88
148,585.00
142. 12
148,442.88
.,
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Loans to public agencies under sec . .5d of the Reconstruction Finance Corporation Act as amended . . .. _. _._ .. . . . _. . . _. _.. __. _.. _.. __ __ .. . . . . . _. ....... _. . .
214,061,827.81
.
Total, sec. 5d of the Reconstruction Finance Corporation Act, as amended __
Loans on the assets of closed banks and trust companies under sec. 5e of the Reconstruction Finance Corporation Act, ns amended . _. . _.. _.. . . .. . _. _. .. __ . _.. . . . _. . _.
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 of damage by earthquake, fire, tornado, or cyclone in
1933, sec. 201 (a) (6), title IL . . .... . . . ..... .. .... . . . . . .. .... . .. . . ... ..... . . . .
Authorizations for financing exports of agricultural surpluses, sec. 201 (c),
title II ....... .... . . .. . . . . . . . . . . . . .... ... . . ... ......... . .. . . . .. . .. . ...... . ... .
13, mo, 111. 24
120,441,516.
m
96,058,966.57
91,853,946. 31
34,600,569.55
24,382,MO.OO
..
- -- -- -·-·
943 , 708,040.43
148,501,960.97
362,957,105.98
- - - - - - - -- 47,265,005.28
..
.
197,053,702.21
165,903,403.77
44 , 369,002.57
2,895,912.71
32,152,846.08
320,197,641.28
308, 110, 764. 11
21,086,877. 17
10, 450, 232. 20
1,921,124.10
8, 529, 108. 10
8,:354,306.43
174,801.67
1298,445,245.68
46, 146, 368. ,56
47,208,877. 12
47,251 , 981.13
46,8U.5. U9
Loans for financing of agricultural commodities and livestock, sec. 201 (d),
title II:
Commodity Credit Corporation . .. .... ... ... . ... .. . ..... ... . . .... . .. . . ... . 1,604,712,664.99
86,061,513.08
Other ... . ·-·-·-·- -·- · · - · -···· ·- ···---· · ······ ·--·· · · · · ··- · - · ·· · ·· · ···· ··· · ·
836,995,702.78
66, 367, 021. 30
767, 71n, 962. 21
19,644,491. 78
Total, sec. 201 (d), title IL .. . ..... . .. ... .. . .... .. . . . . . . .. . . .. . . ..... . . . . . 1,690,774,178.07
903,362,724.08
787, 3(H, 453. 99
300,000,000.00
15, 001. 00
299,984,999. 00
Total, Emergency Relief and Comtruction Act of 1932, as amended .. . _.. . . _. 2,499,762,143.31
983,598,063.82
1,472,372,079. 49
Authorizations under sec. 304, title III, of the act approved Mar. 9, 1933, as amended:
Loans on preferred stock of banks and trust companies . . .. . . . ... . ... . . . .. . . .. . .
Subscriptions for preferred stock of banks and trust companies . . ..... .. . . .. _.. .
Purchase of capital notes or debentures of banks and trust companies . . . . ·- . .. _
-
- -- -----
--
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0
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7U7, 716, 9fi2. 21 --- ---- --~ --- - -- -519, 672. (i(i
19,124,8 19.12
-----786,841,781.33
!3
1,4so, 543, 832. 00
I
I
I
0
~
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519,672. 66
299, 984, 909. 00 . . __ _. _. _ .. . . _. . .
.
21,828,247.49
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53,098,525. 76
955, 453,313. 24
433, 860,350. 00
7,640,225.00
75,549,257.44
90, 549,500.00
45,449,300.76
851,027, 055.80
343,295,850. 00
14, 775, 250.63
416,093,292.64
244. 388, 148.00
Total, sec. 304, title III, of the act approved Mar. 9, 1933, as amended . . .. . .. .
1,442,412,189. 00
173,747, 982.44
1,239,772,206. 56
675, 256,691. 21
Loans under sec. 5, title I, of the Agricultural Adjustment Act of 1933, as amended .
23,500,000.00
20,200,000.00
3,300,000.00
Authorizations under sec. 1 of the act approved June 10, 1933, as amended:
Loans on preferred stock of insurance companies ...... ..... . ... . . .. .. . ... ..... .
Subscription for preferred stock of an insurance company .. ..... .. .. . .. .. ..... .
34,375,000.00 -- --- -- -- ----- ---100, 000. 00 ---- -- - - ----- --- - -
Total, sec. 1 of the act approved June 10, 1933, as amended . .... . _. . . . .. ..... .
34,475,000. 00 ------ -------- - -- -
See footnotes at end of table.
t'rj
~
0
400,092,487.36
Amounts made available for relief and work relief, sec. 1, title L. _... .... . . _.. .
:0
30.674. 0.50. 13
434, 9:33, 763. 1o
98,907,702.00
I
564,515,51 5.29
3,300,000~00 1·· ··· ··· · · ···•· ···
34,375,000.00
8,424,982.78
100, 000. 00 ------ ------ ---- --- 34, 475,000. 00
8. 424, 982. 78
~
~
H
~
>
~
()
t::j
25,950,017.22
100, 000. 00
a
26,050,017. 22
6
:0
0
~
>
H
~
0
2!
C)1
C)1
TABLE
5.-Aggregate loan and other authorizations, by acts of Congress, from Feb. 2, 1932, to Sept. 30, 19.f+0, inclusive-Continue d
I
Loans to or for the benefit of drainage, levee. irrigation, and similar districts under
sec . 36, title II, of the Emergency Farm Mortgage Act of 1933, as amended ___ __ _.
Loans to finance the repair of damage by earthquake, flood, or other catastrophe in
1933, 1934, 1935, and 1936, under the act approved Apr. 13, 1934, as amended._ ._. _
Loans to borrowers engaged in the mining, milling, or smelting of ores, under sec.
14 of the act approved June 19, 1934, as amended ___ _______ _______ -- -- --- --- -- -· Loan to a public-school authority for payment of teachers' salaries due prior to
June 1, 1934, under sec. 16 of the act approved June 19, 1934, as amended ___ ._ . . __
Loans to or for the benefit of tax-supported public-school districts or other similar
public-school authorities in charge of public schools, under the act approved
Aug. 24, 1935 ___ ____ ______ ___ _____ _________ __ . ___ ___ ___ ___ _______. ___ . __ _____ ___ . .
Repayments and Outstanding as of
Sept. 30, 1940
other reductions 1
O:;
. .
A ut h onzat1ons
Withdrawals or
cancelations
140,653,008.39
4,5, 594, 184. 10
90,137,095. 70
6,777,209. 73
83,359,885.97
0
5,734,288.75
2, 260, 341. 53
3,473, 947.22
2,342,638.45
1,131,308.77
15,493,100. 00
8,382,000.00
6,245,409.40
2, 663, 696. 95.
3, 581, 712. 45
r-3
0
200,000.00
22,300,000.00
Disbursements
:
r-o
22,500,000.00
2,797,050.00
1,856,800. 00
565,175.00
Grand totaL _.. ___ ___ ______ ______ __________ ___ _______ ____ ____ ________ ________ _ 10,315,028,459. 82
2, 2[5,506, 711.85
7,522,402,615. 68
- --- - - -
22,300,000.00 --------- ----- --- -
14
8,000.00
557,175.00
5, 900, 801, 039. 30
1,621,601,576.38
Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1940.
Includes $167,500 authorized through banks to business enterprises, of which $52,838.65 was withdrawn or canceled, anti $114,661.35 was disbursed and repaid .
Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federnl land banks for different individual amounts but in the same aggregate
amount.
• Does not include an agreement to repurchase, and the right on the part of the purchasers to resell to the Corp Jration an interest, amounting to $4,150,000, in a note of a railroad
sold by the Corporation. This note has been rep:1id and, therefor e, thi ~ agnement to repurchase and the ri~ht to resell has been canceled in full.
5 Does not include a guaranty of equipment trust certificate , of receivers of a railrnad in the principal amount of $320,000 sold by the Corporation of which $64,000 has been canceled, and a guaranty of a note of a raiiro:1.d in the amount of $150,000 sold by the Corp mi.tiori .
6 Includes $8,930,738.79 representing sales of p:trticipations authorized to ban ·{s, etc.; and also includes $2,42.S, 'H6.19 repres~ nting sales of the Corporation's interest in loans, in
connection with which the Cor poration authorized agreements to purchase participations in the amount of $?,312,180.55.
7 Includes $23,878 representing purchases of participations which the Cor poration later sold to banks, with an agreement to repurdiasc.
8 Does not include $2,336,058.55 representing agr0ements to purchase participations, in loans and p articipations sold, as this amount is included in loans in the amount of $2,312, 180.55 and in purchases of participations in the amount of $23,878.
9 In addition, $11,466,050.01 was t aken by banks, etc .. in loa:is in which the Corporation authorized purchases of participations, and $38,080,341.86 was taken by banks, etc., in
loans in which the Corporation authorized agreements to purchase participations.
10 Includes $104,100 representing sales of participations authorized to banks, etc.
11 Includes $13,420 representing sales of participations authorized to banks, etc.
12 Of this amount, $5,000,000 represents revolving credits established in October 1939 to aid in financing the exportation of cotton, and $74,290.46 represents increases by reason of
repayments in connection with the revolving credits. This authorization was eligible under sec. 201 (c) of Emergency Relief and Construction Act of 1932, and/or under sec. 5d of
Reconstruction Finance Corporation Act, as amended; but for statistical purposes it is being included in authorizations under sec. 201 (c). The Corporation has agreed to participate
with banks under this authorization: and of the $.5,000,000 au thorized, $4,500,000 represents the amount of the Corporation's agreement to participate.
13 Includes $17,159,232.30 representing repayments and other reductions by States and political subdivisions; and $232,825,766.70 representing cancelation of the Corporation's
notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed for relief and work relief under title I of the Emergency Relief
and Construction Act of 1932, as amended.
14 Of this amount, $282,82Fi,766.70 represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, 1938, equ ivalent to the balance of
the amounts disbursed for relief and work relief under title I of the Rmergency Relief and Construction Act of 1932, as amended .
1
2
3
<:Ji
~
~
~
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0
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~
~
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0
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REPORT OF RECO~STRUCTION FI~ANCE CORPORATION
TABLE
57
6.-Total loan and other authorizations from Feb. 2, 1932, to Sept. 30, 1940,
inclusive, by months 1
GRAND TOTAL
Year and month
Amount of authorizations 2
Amount of disbursements
Amount of repayments and other
reductions
Amount outstanding at end
of period
--------- ----------1932
February __________________
1\.-Iarch ___________________ __
April__ . ___ _________________
~1ay _______________________
June _______________________
July _______________________
August_ _________ -__________
September _________________
October ____________________
November _________________
December __________________
Total _______________ -1
$91,601,057.00
142,333,075.06
228,771,667.33
199,450,025.39
388,254,246.63
170,934,728.59
189,068,106.31
138,480,782.93
162,373,914.36
96,598,980.32
128,332,558.65
$70,868,417.52
121,477,890.49
155, 543, 323.23
158,983,559. 12
298,276,8Hi.59
171,149,931.86
146,180,913.71
72,120,713.91
137,623,749.68
61,020,558.96
131,501,263.75
$18,845.00
8,873,883.30
7,009,080.50
16,440,727.23
48,684,900.92
34, 615, 181. 07
35,232,968. 30
44,903,158. 06
47,565,316.28
27,180,977.04
29,423,415.68
$70,849,572.52
183,453,579.71
331,987,822.44
174,530,654.33
724,122,570.00
860,657,320.79
971,605,266.20
998,822,822.05
1,088, 881,255.45
1,122,720,837.37
1,224,798,685.44
1,936,199,172.57
1,524,747,138.82
299,948,453.38
1,224,798,685.44
--
~
1933
January ____________________
February __________________
March _____________________
ApriL ______________________
May ________ _______________
June _______________________
July __ ______________________
August_ ____________________
September __ _______________
October _______________ _____
November _________________
December __________________
142,844,447.43
283,171,473.85
217,732,207.45
162, 526, 631. 98
141,928,875.46
154,047,880.32
201,024,785.36
57, 792, 381. 18
44,791,443.05
517,388,597.97
347,536,421. 56
475,432,646.36
117,995,293.92
199,499,330.83
179,533,134.72
117,500,398.87
195,805,854.81
123,677,037.80
115, 339, 396. 98
83,128,537.43
39,271,494.74
48,646,412.75
186,473,065.01
369,537,593.42
32,452,828. 29
35,971,603.16
55,813,566.83
40,213,996. 05
46,800,209.06
94,656,029.32
112,949,299.42
73, 520, 461. 92
61, 734, 251. 55
69,684,650.98
51,202,045.08
67,574,183.47
1,310,341,151.07
1,473,868,878.74
1,597,588,446.63
1,674,874,849.45
1,823,880,495.20
1,852,901,503.68
1,855,291,601.24
1,864,899,676.75
1,842,436,919. 94
1,821,398,681.71
1,956,669,701.64
2,258,633,111.59
Total __________ _______
2,746,211,191.91
I! 1,776,407,551.28
742,573,125.13
2,258,633,111.59
January ____________________
February ____________ ______
March ___________________ __
_.\ oriL _________________ _____
~fay ________ _______________
June _______________________
July _______________________
August _____________________
September _________________
October ____________________
November _________ ________
December __________________
406,209,086.17
132,453,627.03
196,750,948.78
101,690,047.09
105,719,957.01
3 261, 134, 292. 91
72,792,004.65
188,298,608.36
288,766,955.19
192,322,799.21
53,612,012.41
116,472,752.03
343,781,484.63
138,223,573.21
174,702,436.92
137,503,338.54
100,482,025.14
205,212,280.51
3 278, 190, 303. 16
115,003,399.80
54, 364, 910. 22
60,087,192.35
87,827,623.32
132,546,512.48
86, 163,fi78.38
82,739,872.01
91,311,849.17
91,123,212.32
66,997,270.39
67,831,380.42
3 443, 161, 666. 45
136,883,990.63
71, 019, 841. 07
79,142,232.20
73,407,395.85
114,654,725.17
2,516,250,917.84
2,571,734,619.04
2,655,125,206.79
2,701,505,333.01
2,734,990,087.76
2,872,370,987.85
2,707,399,624.56
2,685,519,033.73
2,668,864,102.88
2,649,809,063.03
2,664,229,290.50
2,682,121,077.81
Total _____ __ _________
2, 116,223,ogo.84
I 1,827,925,080. 28
1,404,437,114.06
1935
January ____________________
February ______________ _____
March _____________________
ApriL ______________________
May _______________________
June _______________________
July _______________________ _
August _____________________
September _________________
October ____________________
November _________________
December _________________ _
32,097,248.47
19,850,030.26
37,057,127.58
58,444,786.45
32,373,109.22
138,554,994.07
28,253,080.00
2o,263,593. 76
130,225,477.53
30,382,759.40
121,318,317.28
39,883,602. 95
49,275,454.45
54,737,368.83
39,624,905.90
56,104,278. 17
61,729,009.88
137,909,087.21
124,588,307.71
51,347,644.38
42,029,803.99
28, 436, 221. 25
17,986,037.69
43,792,967.11
73, 431, 516. ,58
60,582,383.40
54,747,687.70
48,076,834.97
46,989,617.07
53,863,165. 23
60,091,046.99
40,278,281.99
34,940,786.92
47, 011, 116. 53
34,143,979.73
106,845,402.79
2,657,965,015.68
2, 652, 120, 001. 11
2,636,997,219.31
2,645,024,662.51
2,659,764,055. 32
2,743,809,977.30
2,808,107,238. 02
2,819,376,600.41
2,826,465,617.48
2,807,890,722.20
2,791,732,780.16
2,728,680,344.48
Total ____ _________ ___
694,704,126.97
707,561,086.57
661,001,819.90
2,728,680,344.48
1936
January ____________________
February _________________ _
March _____________________
ApriL ____________ __________
May _______________________
June _______________________
July ________________________
August_ ____________________
September _________________
October ____________________
November ___ ____ __________
December _________________ _
24, 616, 712. 69
14,550,320. 97
118,649,972.55
36,136,714.96
86,766,870.91
27,873,909.23
170,693,029.28
43,475,154.54
7, 367, 861. 24
26, 005, 119. 77
11,963,130. 21
8,843,948.97
62,162,133.42
16,990,711.44
19,472,138.21
28,601,474.57
25,788,347. 90
23,103,343.50
42,200,622.53
27, 119, 391. 90
18,627,653.01
28,303,788.54
10,835,460.87
25, 067, 831. 62
49,420,650. 65
52,691,446.85
75,355,568.31
46, 190, 361. 91
150,760,907.52
112,566,613. 95
238,717,224.01
37,692,959.78
26,885,137.49
34, 990, 512. 10
33,898,180.19
63,318,770.11
2,741,421,827.25
2,705,721,091.84
2,649,837,661.74
2,632,248,774.40
2,507,276,214.78
2,417,812,944.33
2,221,296,342.85
2,210,722,774.97
2,202,465,290.49
2,195,778,566.93
2,172,715,847.61
2,134,464,909.12
328,272,897.51
922,488,332.87
-
1934
.
Total_ _______________
576,942,745.32 I
I
See footnotes at end of table.
-
I
I
2,682,121,077.81
2,134,464,909.12
58
REPORT OF RECONSTRUCTION FINANCE CORPORATION
TABLE
6.-Total loan and other authorizations from Feb. 2. 1932, to Sept. 30, 1940,
inclusive, by months 1-Continued
GRAND TOTAL-Continued
Year and month
Amount of authorizations 2
---------
Amount of disbursements
-
-
1937
____________________
J anuary
__________________
F ebruary
arch _____________________
M
______________________
A priL
ay _______________________
Mune _______________________
J uly ________________________
J ugust _____________________
A
_________________
september
ctober
____________________
0 ovember _________________
N ecember __________________
D
Amount of repaymen ts and other
reductions
Amount outstanding at end
of period
-
$14,393,108.36
8,567,248.17
12,320,949.53
78, 530,795.69
4 38, 973, 264. 60
30,523,385.49
93,G28,384.38
159,763,200.30
30,366,313.60
5,343,764.78
7,710,017.35
82,756,434.30
$48,158,198. 30
15,407,071. 11
16,194,887.98
25,673,199.15
9,964,373.76
26,874,505.42
37,472,893.07
12, 788, 981. 64
21,686,285.17
21,078,488.24
28,129,122.08
62,568,572.20
$35,494,380.73
37,365,969.68
88,234,854.56
42,318,804.87
26,245,972.64
23,621,504.72
24,964,024.74
76,989,563.85
15,983,439.46
16,373,756.98
12,171,240.37
27,714,348.95
$2,147,128,726.69
2,125,169,828.12
2, 053, 129, 861. 54
2,036,484,255.82
2,020,202,656.94
2,023,455,657.64
2,035,964,525.97
1, 971, 763, 943. 76
1,977,466,789. 47
1,982,171,520.73
1,998,129,402.44
2,032,983,625.69
562, 876, 866. 55
325,996,578.12
427, 477, 861. 55
2,032,983,625.69
Total. _______________
45,441,658.35
31,466,873.65
24,948,640.72
100, 95.5, fil3. 36
3.5, 021, 975. 20
35, 833, 30:3. 74
70,290,735.90
73, 898,250.18
54,121,856.02
64,596,720.27
53, 85:3, 296. 53
55,689,869.83
646, 118, 793. 75
28,148,557.77
32,803,563.47
23,232,818.71
27, 318, 105.84
36,446,31)5.25
16,261,804.34
26,215,962.76
42,630,179.43
28,409,639.21
56,939,667.17
24,148, 989.78
95,357,725.58
437,918,369.31
19,696,526.16
33,752,556.10
6 293, 425,401.04
11, 291, 449. 52
146, 426, 781. 06
21,535,923.82
72,453,676.05
24,956,949.67
10,602,980.92
28, 857, 811. 82
9,163,852.14
36,949,822.08
709,113,730.38
2,041,435,657.30
2,040,491,664.67
1,770,299,082.34
1,786,325,738.66
1,676,345,312.85
1,671,071,193.37
1,624.833,480.08
1,642,506,709.84
1,660,313,368.13
1,688,395,223.48
1, 703, 380, 361. 12
1,761,788,264.62
1,761,788,264.62
1939
J anuary ___ __ ______ _________
__ ____________ . ___
F.ebruary
arch
_____________________
M
&.... priL _______ - __ - ___ - - - - -- - _
ay _______________________
Mune _______________________
J uly ________________________
J
A ugust ____________________ _
_________ ____ ____
september
ctober
________________
____
0
:r
ovem
ber
_________________
N
D ecember __________________
TotaL _______________
18, 722, 321. 12
22, 252, 7.57. 3.5
59,421,843.03
33, 147,290.42
28,740,770.57
4 23, 702, 921. 84
4 30, 972, 535. 89
4 10, 205, 796. 01
4 13, 215, 768. 09
52,697,534.99
441,797,977.51
17,826,477.29
4 352, 703, 994. 11
18, 180, 475. 19
15, 996, 751. 79
24,462,607.94
24, 512, 491. 98
28,351,976.16
26,970,695.09
41,958,397.90
15, 526, 542. 77
21,643,210.63
18,603,540.69
30,208,609.07
20,877,048.47
287,292,347.68
57,338,978.95
2R,80G,259.83
23, 660, 229. 11
78,571,335.07
28,139,248.84
88,593,426.19
23,953,498.26
13,546,198.28
8,426,218.09
14,097,548.39
56,249,178.05
28, 211, 457. 99
444,593,577.05
1,722,629,760.86
1,714,820,252.82
1,715,622,631.65
1,661,563,788.56
1,661,776,515.88
1,600,153,784.78
1,618,158,684.42
1,620,139,028.91
1,633,356,021.45
1,637,862,013.75
1,611,821,444.77
1,604,487,035.25
1,604,487,035.25
J anuary __ __________________
1940
February __________________
M arch ___ __ __________ ______
Total, first quarter ___
28,691,148.64
67,471,336.32
56, 523, 14 5. 18
152, 685,630.14
23,009,607.79
58,301,911.72
21 , 091,543. 34
102,403,062.~5
39, 811, 628. 84
30,893,122.28
16,892, 303.91
87,597,055.03
1,587,685,014.20
1,615,093,803.64
l,61q,293,013. 07
1,619,293,043.07
:\. priL. __ __ ____ _______ ____ __
'\1ay
___ _______ ____ ___ ___ __ _
.I.
une ______ __ _______________
J
50, 238, 330. 90
HJ, 069, 31 5. 53
4 86, 192, 149. 90
4 155, 499. 796. 33
21, 502, 271. 66
20,473,435.57
467,042,909. 85
4 109,018,617.08
24, 365, 821. 45
25,387,869.74
43, 287, 901. 24
93,041,592.43
1,616,429,493.28
1,611,515,059.11
1,635,270,067.72
1,635,270,067.72
47,752,849.38
211, 457, 552. 29
115,646,049.60
374, 856, 451. 27
46, 813, 951. 20
20,104,847.85
27, 941. 037. 13
94,859,886.18
30,255,335.92
20,317,827.64
6 57, 955, 213. 96
6 108, 528, 377. 52
1,651,828,683.00
1,651,615, 703. ~l
1,621,601,576.38
lr621,601,576.38
Grand total. _________ \ 7 10, 315, 028, 459. 82
7,522,402,615.68
5, 900, 801, 039. 30
1,621,601,576.38
TotaL _______________
1938
J an uary _____ . _____________ .
__________________
F ebruary
arch
_____________________
M
______ ________________
A priL
ay _______________________
Mune _______________________
J uly ________________________
J ugust _____ ________________
A
_________________
september
0 ctober ____________________
ovem ber _________________
N ecember
__________________
D
Total, second quarter_
uly ________________________
J ugust _____ ________________
A
8 eptember __ _______________
Total, third quarter __
4
4
4
6
1 Does not include allocations and loans to other governmental agencies by direction of Congress; pur-chases of securities from Public Works Administration; and commitments outstanding.
2 These figures have been adjusted on account of rescessions.
3 Includes $193,618,000 representing refinancing of loans previously made by the Corporation to Federal
land banks for different individual amounts, but in the same aggregate amount.
4 Revised.
5 Of this amount, $282,825,766.70 represents cancelation of the Corporation's notes, pursuant to the provisions of the act approved Feb. 24, 1938, equivalent to the balance of the amounts disbursed for relief and
work relief under title I of the Emergency Re1ief and Construction Act of 1932, as amended.
6 Exclusive of repayments unallocated, pending advices, as of Sept. 30, 1940.
. .
.
•
1 Does not include the following: $2,336,058.55 representing agreements to repurchase partic1pations in
Joans and participatiom authorized to business enterprises; $4,820,000 of securities or obligations of railroads
or their receivers, sold by the Corporation with its guaranty or with its agreement to repurchase.
7.-Loans to aid in the reorganization or liquidaUon o/ closed banks and trust companies from Feb. 2, 1932, to Sept. 30, 1940, inclusive,
by States (includes loans to receivers, liquidating agents and conservators, and loans through mortgage loan companies and through a livestock
credit corporation to aid in the reorganization or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as
TABLE
amended; and loans on the assets of closed ban/cs and trust companies under
amended)
S(:C.
5e of the Reconstruction Finance Corporation Act, as
~
tr.:l
BANKS AND TRUScr COMPANIES
National
State, etc.
1
--
Slate
Amount authorizecl
Amount withdrawn or ear1 celcd
----- -
-
6
~
Total
r-3
--
Amount disbursed
Anw:m t authorized
--·--~- ---··•-- -- -
- ·--------·
A rnount withJrawn or ca ucelcd
--
Aruount disbursed
---
Ala barn a ____________________ $1, li3,300.00
$382,402. 20
$790, 897. 80
$5, i07, 812. 4G
$2, 70:1, 2li7. 89
$2, 404, 54-1.. [j7
Arizona _____________ ______ __
217,000.00
67, C00. 00
149, 400.00
247,
500.00
117,
198. 27
i:.:w, 301. n
Arkansas ___________ __ ____ __ _
l, 785,200.00
3M, 251. 29
1, 428, 94g_ 'il
0, 280,652.61
3, G~9, 314. 94
5,583,314.36
California ___ ____ __ __________ l ~{, 948, 484. 71
2,854, 6~3.W
11, 093, 801. 62
3, 3615, 681. 4 4
293, 4-13. 90
3,073,237.51
Colorado ____________________
1. 867, 950. 20
439,019.63
1,428,930.57
2, 951. 70
71,500.00
68, fi48.30
Connrcticut_ _.. ____ ___ ____ __ - --- -- - -- --- - --- ~- --- - - - --- ~---- --- -- - - - - ----- -3, 331, 000. 00
675,234. 48
2, 655, 765. 52
District of Columbia ________ 16, 664, 341. 35
:2, 53fl, 948. 39
14,127,392.96 ---- ··----- ------ ---- ------------ ---------------Florida. ______ ______ __ _____ _
1,866.300.
00
720,
,503.
82
1, 1·1-5, 791'\. 18
4,957,072.27
3, 024, 30K 48
1, ?32, 763. 79
Georgia ______ __ ____ _______ __
513,800. 00
20·1, 631. 45
309,168.55
4,709,195. 48
2,066,236.97
2, 642, 958. 51
Idaho _______ ________________
3,628, 400. 00
364, 201'\. 73
3. 264, 193. 27 - --- -- - -- ---- -- -- - - -- - --- ·· ·-- -- ---- -- -- --- ---- Illinois _____________________ _ 37, 756, 212. 96
9, 2.56, 399.69
28,193,4!3.27
30,033,682.07
11,000,732.63
19,032, 949.44
Indiana __ _______ _____ ____ ___ 21, 230, 926. 87
4,
7~{l, 648. fi0
Hi, 499, 278. '27
13,
388,
37.5.
,
'
15
2,561,979.58
3,826,396.27
Iowa __ ____ ____ __ ____ __ ______ 11,401,002. 20
2,344, 5n3. 26
9, 05G, 438.94
7,430,700.00
1, 098, l 68. 76
6, 332, 531. 24
Kansas __ ____ ________________
2, 285, 700. 00
655,044.60
1, 630, 655. 40
1,
41 I, 000. 00
539.
242.
84
871, 757. 15
Kentucky ___ _______ _____ __ __
8.9~6. 572.41
2,182,668.86
1, 231, 788. 82
6,473, 90::3. 55
395,877. .53
835, 911. 29
Louisiana __ ___________ ____ __
336,300.00
231,300.00
51, 4nl, 2] 1. 88
105,000.00
11, 146, Hi7. 41
36,667,244.18
Maine _____________ ____ _____ 11, 823, 200. 00
799,435.32
l 1. 023, 764. (18
31,858,776.50
3, 37'!, 615. 84
28, 484, 160. 6fi
Maryland ________ ____ _____ __
3,499,036.28
613,475.59
2,855,560.69
10, 269,024. 00
1, 686, 286. 22
8,582,737.78
Massachusetts ____ ________ __ 10, 250, 700. 00
2,487,637.02
7,763,062.98
25,468,118.32
22,871,G74.80
2,596,473.52
Michigan ___ ____ ____ ______ __ 260,496,043.68
45, 766, GOO. 29 214, 610, 413. 39
68. 6lf>, 52,1. 7fi
22,55fi, 500. 48
15, 227, 042. 12
Minnesota . ___ ___ __ _________
2, 1)38, 74 7. 13
571,692.52
2, 370, 46,·. 20
2,067,054.61
3, 130, 100. 00
759,632. 80
Mississippi__ _________ __ ___ __
2,H02,400.00
599,675. 00
2,302,725. 00
3,662.232. gg
4, 618, 5.'i9. 94
056,326.95
Missouri ____________________
7, 971, ,500. 00
2, 316, 7fi8. 68
5, 651, 741. 32
9,643,227.37
2,068,046. 86
7,574, 280.51
Montana __ ____ ____ _____ ___ __
465,200.00
127,700.00
337,500.00
674,000.00
102, fJ20. 77
571 , 079.23
Nebraska _________ ________ __
1,518,126.58
376,603.00
],
141,523.58
2.
532,978.69
815.844.
20
1,
717, 134. 49
Nevada __ ____ _______________
1,005,000.00
259,200.00
745, 800.00
2,199,564. 57
473,398.99
1,726,165.58
New Hampshire ____________
500,000.00
39,597.69
460,402.31
·-------- - --------------- 9,234,000.00
----------- -----New Jersey ________ _________ ----23,729,489.91
6,744,348. 1.5
16,985, 141. 76
5,
161. 574. 59
4,069,425.41
New Mexico ______ __________
465,000.00
104, 157. 12
360 842.88
413,473.54
34,996. 50
378,477.04
New York. _________________ 44,268,593.35
6,577,588.06
37,088, .505. 29
17,964,943.48
7,627,696.15
10,337,247.33
North Carolina. ____________
7,134,900.00
1,819, 192. 11
5,315,707.89
8, 081, 751. 48
4,6Hl,064.84
3,461,786.64
North Dakota. _____________ _ 2,589,264.68
919,748.12
1,669,516.56
52,079.30
12,247.68
39,831.62
1 Includes District of Columbia banks and trust companies.
Amoullt authorized
-- -
Amount witLclr&.v.n or canceled
- -- ··-
$6, 2Kl, 112. 4G
464, .soo. 00
11, 065, 852. 01
17,315, 166. l.5
1,939,4.'iO. 20
3,331,000.00
16, G64. 341. 35
o,823, 372. 27
5,222,995.48
3,628,400.00
67,789,895. 03
27,619,303. 7'J
18,831,702.20
3,696,700.00
10, 188, :361. 23
51, 827, 511. 88
43,681.976.50
13, 768, 0G0. 28
35,718,848.32
329, 111, 568. 44
5,768,847.13
7,520,959.94
17, 614, 727. 37
1,139,200.00
4,051,105.27
3,204,564.57
500,000. 00
32.963,489.91
878,473.54
62,233,536.83
15, 216, 651. 48
2,641,343.98
0
Amount disbursed
~
~
M
- -
$3,085,670.09
184, 798. '27
4,045,561:i. 23
3, 118, 126. 99
441, 971. 33
675,231. 48
2,536,948.39
3, 744.812.3()
2, 270, 868. 42
364,206. 73
20, 257, 132. 32
7, 293, 1328. 18
3, H2, 732. 02
1, 194, 287. 44
2,878,546.39
11, 377, 467. 41
4,174,051.16
2, 329, 761. 81
5,034,110.51
68, 323, 100. 77
2,942,159.72
1, 556, 001. 95
4,385,705. 54
230,620. 77
1, 192, 447. 20
732,598.99
39,597.69
11 . 908,922.74
139,153.62
14,205,2B4.21
6.439, 156.95
931,995.80
7
3
7
6
7
2
6
0
0
~
rn
r-3
~
~
7
6
~
7
0
1
4
8
6
4
8
4
7
~
z
~
~
z
>
z
0
8
t:rj
1
1
a
7
~
~
8
1
7
~
9
3
23
2
2
3
8
~
~
0
z
C)l
co
7.-Loans lo aid in the reorganization or liquidation of closed banks and trust companies from Feb. 2, 1932, to Sept. 30, 1940, inclusive,
by States (includes loans to receivers, liquidating agents and conservators, and l~ans through mortgage loan companies ana through a livestock
credit corporation to aid in the reorganization or liquidation of closed banks, under sec. 5 of the Reconstruction Finance Corporation Act, as
amended; and loans on the assets of closed banks and trust companies under sec. Se of the Reconstruction Finance Corporation Act, as
amended)-Con tin ued
TABLE
BANKS AND TRUST COMPANIES-Continued
~
0
~
t,;1
~
0
State
---·---
Amount authorized
Amount withdrawn or canceled
•----------
Amount disbursed
Amount authorized
Amount withdrawn or canceled
Amount disbursed
Amount authorized
1- - - -- - - - - 1 - -- -- - ---1 - - -- - -- ---1 - - - -
$3,496,129.27 $10,891,534.80 $254,630,592.50
Ohio _-- - _______ __ __ _--- ___ --- 1 $14,387,664.07
1.268, 754. 76
992,548. 39
2,261,303.15
Oklahoma ____ ___ ___ ______ ___
769,918.00
2. 782,132.16
455,667.84
Oregon _________ _________ __ __ 3,237,800.00
733, 920.25
59, ,51, 14('. 37
22,663.444. 60
49. 778, 479. 65
Pennsylvania __ ___ ___ ____ ___ 82 884,084.97
Rhode Island __. __ ______ __________ ____ _____ _ ____________ . ___ ______ ____ ____ __ 1,411, 8.55. 76
5, 851, 314. 37
l, 542, 865. 77
2,518,263. 16
7,394, 180. 14
South Carolina__ __ __________
1.018.563.68
276,620. 62
1, 249, 548. 26
1,295,184.30
South Dakota__ _____________
15,703,663.96
1,057,479. 72
1,492,875. 64
Tennessee_____ __________ ____ 16,761,143.68
4,954,487.59
1 011,946.55
5,966,434.14
Texas __ ____ ___ _____ ______ ___
6,933,607.27
35,000.00
4,500. 00
39,500.00
Utah _______ ____ ___________ __
4,648,775.52
1,064,999.29
284,800.71
1,349,800.00
Vermont_____ _____ _____ __ ___
---------- - - l, 787,365.04
412,334.96
2. 199,700.00
Virginia___ _______________ ___
5, 320,500.00
10,068,754.68
1,636,615.14
11,389,516.19
Washington __ ____ ___________ 11,705,369.82
7,241,990.79
1,287,893. 37
8,529,884.16
,v-estVfrginia ____ ___ _______
4, iI 7, 2.56. 00
5,454,954.82
1,646,766. 26
7,101,721.08
6,632,006.05
Wisconsin ___ __ __ ____________
Wyoming __________________________ _____ ____ _______________________________ _
185.500. 00
Puerto Rico. _______ • ____ ---- ___ ___ ____ _________ __________ __ __ ___ _____ ______ _ 1,485,000.00
$07,681,954. 78 $177, 800, 271. 71
331, 597. fi(i
438,320. 34
498,897.70
235,022.55
2,5, 439, 845. 93
24,338,1333. 72
1, 1513.070.50
255. 785. 211
2, 137, 609. 8,5
380;653.31
424, 951.53
824,59G. 73
9.53. 141. 94
539,733.70
6,130,470.08
803,137.19
2,229,173. 37
2,419,602.15
- ---- - ----- -
911, 883. 2,5
l , 700,091. 36
2,048,867.28
4,618,539.98
185,500.00
~
Total
State, etc.
National
----- ------ -
4,408,016. 75
9,689,424.83
2,668,388.72
2,013,466. 07
Tota] _____ __ __________ , 669,502.461.82 I 134,511,295.79 I 533,793,766.03 I 678,211,939.08 I 201,197,305. 46 I 461,863,461.85
Amount withdrawn or canceled
r-3
0
Amount disbursed
- - - -- -1 - - - - - - - - - 1- -- - - -- - · -
$269,018,256.57
3. 031, 221. 15
3,971, 720. 2,5
132,662,564.62
1, 4ll, 855. 76
9.912,443.30
- 2, 544, 732. 56
18, 254,019. 32
12, 900, 041. 41
4, 688, 27,5. 52
1. 349, 800. 00
7,520,200.00
23,094, 886. 01
13,247,140.16
13,733,727.13
185,500.00
1,485,000.00
1,347,714,400. 90
$71,178,084.05
1,430. 868. 73
690, 690. 39
47, 002,078.32
255, 7P.5.26
l, 923. ,519. 08
1,101,217.35
1,597,213.42
1,815,083.74
2,424,102.15
284,800. 71
1, 324. 218. 21
3,336,706.50
3,336,760. 65
6,265,306. 24
185,500.00
$188,691,806. 51
1, 600, 3,52. 42
3, 281. 029. P.6
85, 190, 986. 30
1,156,070.50
7,988,924.22
1,443,515.21
16,656,805.90
11,084,957.67
2,264. 173. 37
1,064,999.29
6, 195, 981. 79
19,758, 179.51
9,910,379.51
7,468,420.89
~
~
t'.::j
()
0
~
w
1-3
~
d
0
~
~
0
z
~
~
z
>
z
0
I 335,708,601.25 I 995,657,227.88
t?j
8
~
'"tl.
0
~
>
H
~
0
~
REPORT OF REC0NSTRUC'TI0X FIXANCE COHP0RATI0N
61
8.-Loans on and purchases of preferred stock, and purchases of capi·tal notes
or debentures, of banks and trust compani·es, disbursed from Mar. 9, 1933, to
Sept. 30, 1940, 1·nclusive; and outstanding as of Sept. 30, 1940 ( under sec. 304,
title I I I, of the act approved Ji1ar. 9, 1933, as amended)
'TABLE
BANKS AND TRUST COMPANIES
TOTAL
Disbursed
State
Number of I
banks and
trust companies 1
Amount
Outstanding
Numb<'r of
banks and
trust companies 1
Amount
2
---Alabama ___________ ________________________
Arizona . . . _. ____ .... _. _. _. ___ . ______ . ______
Arkansas _____________________ ______________
-California _________________________________ _
Colorado ____________________________ __ _____
'C onnecticut._._._._._. _____ ____ . __. ________
Dela ware ___ . _. __. __ . _. ____ _______ . _____ . __
District of Columbia .. ____ . _______________ .
Florida ____________________________________
-Oeorgia ___________________________________ _
Idaho ______________________________________
Illinois ____________________________________ _
Indiana. _. _. ___ . ___ . _. ____________ .. ______ _
Jowa ______________________________________ _
Kansas _____ ___ ______________________ _______
Ii~~~~::~~~~
~:~= ====::::::::::::::::::::::
Maine _____________________________________
Maryland. __ ..... _._ .. _____ . ________ . _____ .
J.\,Iassacbusetts
... -------~--------- - --------_
Michigan _________________________________
J.\,Iinnesota _________________________________
Mississippi.. __ . .. _.. _.. _. ___ ._._ .. ______ . _.
1vlissourL _. _. _... ___ . ___________ . _________ _
Montana. __________________________ ______ __
Nebraska _________________________________ _
Nevada _____________ ___ ___________________ _
New Hampshire _. ____ . _____ . __________ . __.
New Jersey .. __. _. ___ .. ______ . ___ ... _. ____ .
New Mexico _______________________________
New York ___ ______________________________
N ortb Carolina. ____ . ___ .. ________ . _______ _
North Dakota ________ __ ___ ____ _____ ______ _
Ohio ___ __ ____________ ___ ____ ___ ___________ _
0 klaboma. __ .. _. ___ . _. ___ ... __ ___ . ___ .. __ _
Oregon _____________________ ______ ___ ______ _
Pennsylvania _____________________________ _
Rhode Island_ .. _____ . _. ___ . ______ .. ______ _
South Carolina .. ___ .. __ . _... _________ . __ . _
South Dakota ... _._. _____ ... ______ . ___ ._ ...
Tennessee ___ ._ .... __ ... __ ... ___ ___ . ____ .. _.
'Texas ________________________ ______________
U tab. __ . ____ .. _. _.. _.. _. ___ . _. .. __ ... ___ . _.
Vermont _______ __ ____________ __ _________ __ _
Virginia ___________________________ __ _______
""\Vashington _________________ _______________
West Virginia ... ___ ... ___ ... __ __... __ . ... __
~ r isconsin. ___ .. _. __ . . .. _..... . ____ .. _. ____ _
Wyoming _____ _____________________________
Alaska. __ . _...... ___ . . _. __ . _. _. __ .... ___ __ _
Puerto Rico __ . _.. ___ .. _. ___ .... _____ . _____ .
Virgin Islands . _. ___ ._. _____ .. _. ___ .. _______
Total ___ .. ____ _. __ . _... __ __ . _. ____ _. _
.Subscriptions for preferred stock of:
Export-Import Bank of Washington . _.
Second Export-Import Bank of Washington, D. c _______________ ________ __
Grand totaL ____ .. ___ ___ ... _. ___ .. .
See footnotes at end of table.
$16,203,575.00
35
$7,426,822.96
2,430, 000.00
1
1,190,400.00
4, 419,000.00
77
2,233,080.31
96,029,225.00
64
63,937,645.91
4,893,500.00
35
1,652,800.00
7,192,126. 00
35
5,110,951.00
567.300.00
9
208,700.00
2,900:000.00
6
1,587,800.00
2,201,200.00
29
778,571.06
4,835,500.00
58
2,346,295.57
2,130,000.00
15
1,095,200.00
91, 731, 111. 17
136
7, 911, 926. 93
16,966,250.00
202
8,997,460. 00
10,263,000.00
93
4,198,235.00
5,272,750.00
140
2,710,324. 23
9,079,850.00
84
5,430,766.37
15,547,000.00
73
5, fi34, 767. 50
9,125,500.00
26
4,916,610.14
9, 348,170.00
56
6,318,952.41
16, 674,200.00
38
6, 901, 761. 40
40,725,261 .00
133
24,210,752.06
17,378,525.00
155
6,008,775.00
14,663,150.00
124
6,158,582.50
21,034,925.00
161
5,725,259.34
4,030,500.00
28
773,930.00
8,608,050.00
89
1,672,845.69
1
205,000.00
12,500.00
786,635.00
260,135.00
6
94,461,516.07
175
77,729,339.20
715,000.00
14
457, 000.00
335,522,659.16
305
67, 845, 641. 77
7,488,500.00
76
3,632,950.00
4,044,500.00
104
1,984,883.43
93,432,237. 00
247
43, 482,752.29
10,944, 000.00
22
1,298,858.78
1, 950,000.00
26
545,575. 00
46, 010, 006. 50
235
33,231,986.80
4
898,500.00
625,220.00
2,786,800.00
26
1,379,900.00
4,438,100.00
83
2,092,733.54
12,559, 050. 00
9, 148,857_ 73
98
31,404, 125_00
249
13,104,640.28
4,045,000.00
30
1, 135, 611. 43
17,295,000. 00
41
15,632, 175.00
10,694,6.50.00
98
5,391,078.75
6,514,500.00
51
2,423,525.00
6, 461,066.66
2,280,496. 74
60
33, 58,5, 600. 00
313
20, 747,239.17
624,200_00
1,367,500.00
14
37,500.00 ------------ ----- --- - -- -- - - - - 1, 250,000. 00
2
350,000.00
125,000.00
1
59,000.00
71
5
113
122
56
39
11
7
41
86
24
226
282
140
198
112
111
31
65
67
184
258
148
221
57
149
4
10
210
19
479
133
130
389
47
53
286
4
36
119
121
404
41
60
132
96
91
402
23
1
3
1
6, 118
1, 163,272, 206. 56
4,183
490,515,515.29
1
74,000,000.00
1
74,000,000.00
1
2, .500, 000. 00
6,120 I 1,239,772,206.56
I
1----- --- - --- ----- - -- ----- ---- -
I
4,184
564,515,515.29
I
\
62
REPORT OF RECONSTRUCTION FINAN CE CORPORATION.
8.-Loans on and purchases of preferred stock, and purchases of capital notes
or debentures, of banks and trust companies, disbursed from Mar. 9, 1933, to
Sept. 30, 1940, inclusive; and outstanding as of Sept. 30, 1940 (under sec. 304,
title I I I, of the act approved Mar. 9, 1933, as amended)-Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
NATIONAL 3
Disbursed
State
-~labama ______________ ____ _________________
Arizona _____ ____ __ __ _______________________
I
Arkansas. ____ _. _........... -....... - . - -- . - California_________
. . _...........
-. - - -- - - -_____
-......
---Colorado
__ ____________
_______
Connecticut.. __ __ .... -. - - - - - - -- - -.. -. - - -.. Delaware _____ _____ ______ ___ _______________ _
District of Columbia _______________________
Florida ___ --- -- --------------- --------- ---Georgia ______ ____ __________________________
Idaho ______ ______ ____ ______________ ____ ____
lllinois ___________ .. _.. _-... - - --... -. - - - -. - Indiana ________________________________ ____
Iowa _________ ___ ____ ____________________ ___
Kansas ___ ______________ __ __________________
Kentucky _ __ . ____ .. _........ - -... -- ... . -. - Louisiana
___ ._. __
_______________________
__ ..... - -. - - _- - -....______
----Maine _________
Mary Ian d ____ .. .. ... _. - _-... - -. - - -. -- - - - - - Massachusetts _____________________________
Michigan __________ _. _.. _....... __ . _...... - Minnesota ____ ____________________________ _
Mississippi__ __ - - -- --- - - -- -- ---- -- ---- -- - - - Missouri_._ .. . ___ ... -. - - - - - - - -- - - - - - - - - - - Montana ____ .. ___ ._ ... - - - - -- -- -- - -- - - - - - -- Nebraska ____ _____ ________________________ _
Nevada ___ . __. _____ ... -. -.. - -. - - - - - - - - - - - - New Hampshire _______ . _________ ..... . . _. _
New Jersey ___ . __ . _. - -- - - - - - - - - - - - --- - - - - - .
New Mexico ______________________ ____ ____ _
New York _______ ... _. _... _. __ __ . ....... _. _
North Carolina ______ .. __________ __ ....... _
North Dakota ____ _____ __________ ____ ____ ___
Ohio ___ _________________________________ ___
Oklahoma ____ ________ ________________ ____ __
Oregon _ ----- --- ---- --------------------- - Pennsylva!lia . _____ _____________ . _. ____ .. _.
Rhode Island ______ ...... _. _.. _........... _
South Carolina __________ ______ __ ____ . ____ ._
South Dakota __ ______ __________________ . __ .
Tennessee _____ __ ___________________________
Texas _______ _____ _________________________ _
Utah __ .. ____ . __ __ ___ ... __ ........ _....... _..
Vermont ___________________________________
Virginia ____________________________________
Washington __ ____________ __________________
West Virginia. ___ ___ ______________________ _
Wisconsin _________________________________ _
Wyoming .. ________________________________
Alaska _ _. _.... _. _.. _. _.......... - .. -. - .. - - Virgin Islands __________________________ . ___
Total, nationaJ. ________________ • _____
See footnotes at end of table.
Number of
banks and
trust companies 1
Amount
1
1
$11,346,800.00
1,540,000. 00
1,570,000. 00
67,376,725.00
4,143,500.00
3,723,426.00
137,300.00
1,100,000.00
1,330,000.00
1,722,500.00
1,090,000.00
84, 160,114.17
7,188,500.00
6,512,500.00
2, 282,500.00
3, 397,350. 00
4,400,000.00
2, 610, 000. 00
2,998, 17fl. OO
10, 723,WO.OO
20,670,760. 00
13,577,525.00
2,652,650.00
8,737, 125.00
], 511,000.00
5,849,950. 00
175,000.00
686,635. 00
32,022,435.82
410. 000. 00
129, 486, 605.83
1,905,000.00
2,410. 500.00
35,500,737.00
10, 87,t 000. 00
890,000. 00
20,693. 736.50
648,500.00
1. 505, 000. 00
2, 954, 100.00
8,062,500. 00
23, 6,51. 62,5. 00
1, 32.5, 000. 00
560.000.00
3,917,400.00
3,090,000.00
3, 44,5, 066. 66
15,545,100.00
702,500. 00
37,500.00
125,000.00
2,050
572,975,536. 98
27
3
24
63
33
16
4
2
13
18
9
133
51
49
46
29
15
13
11
43
53
97
15
31
20
50
3
9
138
6
240
18
31
83
40
20
200
3
6
27
27
148
8
9
36
23
36
57
IO
Outstanding
Number of
banks and
trust companies 1
10
1
13
34
18
15
4
1
7
11
6
91
29
29
29
12
13
8
10
19
39
51
13
21
JO
28
1
5
113
4
164
9
18
54
16
5
157
3
3
19
19
97
6
7
21
12
20
38
5
Amount
2
$4,450,700.00
1,190,400.00
834,243.97
56,797,120.91
1,071,300.00
2, 768. 251. 00
122,300.00
692,800.00
323,000.00
782,750.00
756,600.00
4,594,645.00
2,662,770.00
2,344,100.00
1,100, 500.00
1,536,053.87
3,097,000.00
513,775. 00
1,969,680.00
3,781,011.40
13,496,511.00
4,306,014.10
1,475,240.00
2,087,225.00
240,980.00
9~3. 500. 00
12,500.00
160,135.00
24,580,269.24
273,100.00
18,177, 147.28
274,900.00
652,900.00
16,938,377.29
1,263,058.78
123,400.00
1J JOl,489.67
385,220.00
929,000. 00
1,303,748.11
5,516,824.47
9,791,823.48
422, 311.43
336, 100.00
1,061,075.00
1,789,950.00
523,768.72
9,552,650.00
203,400.00
-- ----- --------------------1
119,000.00
1,319
220,220,619.72
REPORT OF REC0~STRUCTI0N FINANCE CORPORATION
63
8.-Loans on and purchases of preferred stock, and purchases of capital notes
or debentures, of banks and trust compan1·es, disbursed from Afar. 9, 1933, to
Sept. 30, 1940, inclusive; and outstanding as of Sept. 30, 1940 (under sec. 304,
title Ill, of the act approved Mar. 9, 1933, as a.mended)-Continued
TABLE
BANKS AND TRUST COMPANIES-Continued
STATE, ETC.3
Disbursed
State
j Number of
banks and
trust companies 1
Alabama ___________________________________
Amount
Outstanding
Number of
banks and
trust companies t
Amount
2
55
345
13
3
$4, 8,56, 775. 00
890,000.00
2,849,000.00
28,652.500.00
750,000.00
3,468,700.00
430,000.00
1,800,000.00
871,200.00
3,113,000.00
1,040,000.00
7,571,000.00
9,777,750.00
3,750,500.00
2,990,250.00
5,682,500.00
11,147,000.00
6,515,500.00
6,350,000.00
5,951,000.00
20, 054, 501. 00
3,801,000.00
12, 010,500.00
12,297,800.00
2,519,500.00
2,758,100.00
30,000.00
100,000.00
62,439,080.25
305,000.00
206,036,053.33
5,583,500.00
1,634,000.00
57,931,500. 00
70,000.00
1,060,000.00
25,316,360.00
250,000.00
1,281,800.00
1,484,000.00
4, 496, 550.00
7,752, 500. 00
2,720, 000.00
16,735, 000.00
6,777,250.00
3,424,500. 00
3,016,000.00
18, 040,500.00
665,000.00
1,250,000.00
Total ________________________________
Subscriptions for preferred stock of:
Export-Import Bank of Washington ___ .
Second Export-Import Bank of Washington, D. C _________________________
4, 068
590,296,669. 58
2,864
270,294,895.57
1
74,000,000.00
1
74,000,000.00
Grand total, State, etc ______________ __
4,070
Arizona ____________________________________
•.\.rkansas ___________________________________
California __________________________________
Colorado ___________________________________
Connecticut ______________________________ - _
Delaware ______________ ______ ___ ___________
District of Columbia _______________________
Florida _________ -. _-- - ___________ . _- - _____ . Georgia ___________________________________ _
Idaho __ ____________________________________
Illinois. __________________________________ ._
Indiana ______________________________ ______
Iowa _______________________________________
Kansas _____________________________________
Ken~~cky ___________ - _________ _____________
Louisiana ___________ - ______________ - _______
Maine __________________________ ___________
Maryland _______________________________ ___
~Iassachusetts _____________________________
Michigan __________________________________
Minnesota _____ __ __________________________
M"~SSISSI
. . . --- - - - - - - -- - -- - - - - - -- - - - - - - -- -- M1ssour1~pL
__________________________ _________
~1ontana ___________________________________
Nebraska __________________________________
Nevada ____________________________________
New Hampshire ____________________ ____ -__
New Jersey _______ - ______________________ - New Mexico _______________________________
New York_-------------------------------North Carolina _______ -------------------North Dakota ______________________________
Ohio ______________________________ _________
0 klahoma _________________ ___ ____ __________
Oregon _____________________________________
Pennsylvania ______________________________
Rhode Island _________________ _____________
South Carolina _____________________________
South Dakota ______________________________
Tennessee ___________________________ _______
Texas ______________________________________
Utah _______________________________ ____ ____
Vermont ____________________________ _______
Virginia ______________________ _____________ _
Washington ________________________________
,vest Virginia ______________________________
Wisconsin __________________________________
Wyoming __________________________________
Puerto Rico ______ __ ________________________
44
2
89
59
23
23
7
5
28
68
15
93
231
91
152
83
96
18
52
24
131
161
133
190
37
99
1
1
72
13
239
115
99
306
7
33
86
1
30
92
94
256
33
51
96
73
1
25
$2,976,122.96
------------------------- ---64
1,398,836.34
30
17
20
5
5
22
47
9
45
173
64
111
72
60
18
46
19
94
104
111
140
18
61
7,140,525.00
581,500.00
2,342,700.00
86,400.00
895,000.00
455,571.06
1,563,545.57
338,600.00
3,317,281.93
6,334,690.00
1,854,135.00
1,609,824.23
3,894,712.50
2,437, 767.50
4,402,835.14
4,349,272.41
3,120,750.00
10, 714, 241. 06
1,702,760.90
4,683,342. 50
3,638,034.34
532,950.00
739,345.69
-----------1 ---- -------------100,000.00
62
141
67
86
193
6
21
78
1
23
64
79
152
24
34
77
39
40
275
9
2
53,149,069.96
183,900.00
49,668,494.49
3,358,050.00
1,331,983.43
26,544,375.00
35,800.00
422,175.00
21,330,497.13
240,000.00
450,900.00
788,985.43
3,632,033.26
3,312,816.80
713,300.00
15,296,075.00
4,330,003.75
633,575.00
1,756,728. 02
11,194,589.17
420,800.00
290,000.00
10
2, 500,000.00 ------------ --------- - --------
I
666,796,669.58
I
2,865
344,294,895.57
1 After eliminating duplications. Such duplications arise in cases where the Corporation makes disbursements to a bank or trust company under more than one of the classifications under sec. 304, title III,
of the act approved Mar. 9, 1933, as amended.
2 Amount outstanding includes repayments unallocated, pending advices, as of Sept. 30, 1940.
a Where changes in the status of bank" bh. ..-e occurred between the date of authorization and Sept. 30, 1940
(for example, where a bank has changed from State to national), such banks are distributed in the above
table according to their status on Sept. 30, 1940.
64
REPORT OF REC0~STRU'C'TION FINANCE CORPORATION
TABLE
9.-Loans authorized to business enterprises, from Feb. 2, 1932, to Sept. 30,
1940, inclusive, by size of loans
[Includes loans and participations under sec. 5d of the Reconstruction Finance Corporation Act, as amended:
loans to borrow~rs engaged in the fishing industry under sec. 5 of the Reconstruction Finance Corpora·
tion Act, as amended; and loans to business enterprises through mortgage loan companies and banks
under sec. 5 of the Reconstruction Finance Corporation Act, as amended. Does not include loans to
business enterprises in connection with national defense]
Size of loans
$5,000 an ct 11 n d er ___________________ ____ . _________
$5,001 to $10,000, inclusive ________________________
$10,001 to $25,000, inclusive _______________________
$25,001 to $50,000, inclusive _____ ____ ______________
$50,001 to $100,000, inclusive ______________________
$100,001 to $200,000, inclusive __ ____ ____ ____ ______ _
$200,001 to $500.000, inclusive _____ __ ______________
$500,001 to $1,000,000, inclusive ___ ___ __ ________ __.
Over $1,000,000. _______________________________ . __
Total, authorizations
1 ________ • ___________ •
Number of Percent of
loans
total
3,544
1,494
1,799
1,058
771
403
268
60
36
2 9,
433
Amount
authorized
37. 6
15.8
19. 1
11. 2
8.2
4.3
2.8
.6
.4
100.0
I
~
Percent of
total
$8,176,417.69
12,029,120.98
32,322.190. 67
41,476,942.35
59,794,188.63
60, 531, 073. 66
86,045,922.70
44,260,896. 24
97, 667, 398. 45
1.8
2. 7
7.3
9. 4
13.5
13. 7
19'. 5
10.0
22. 1
442, 304, 151. 37
100.0
t In addition, 66 agreements to make loans upon the performance of specified conditions, aggregating
$118.921,969.17, were outstanding at the close of Sept. 30, 1940.
2 Revised to exclude conditional agreements outstanding, which were included in previous quarterly
reports.
10.-Number of business enterprises to which authorizations were made; and
amounts author1'zed and disbursed by the Reconstruct1~on Finance Corporation, from
Feb. 2, 1932, to Sept. 30, 1940, inclusive, by industries
TABLE
[Includes loans and participations 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. Does not include loans to business
enterprises in connection with national defensf']
Industry 1
Manufacturing:
Food and kindred products:
Meat products ___ ___________ ______ __ ______ ___ ____ _
Dairy products ____ ____ _________ ____ ____ _________ _
Canning and preserving:
Sea foods _____ ___ ___ ____ ____ __ ____ _______ ___ __
Fruit and wgetables __ __ ______ _____ _____ _____
Flour milling, cereals, etc ___________ ____ _________ _
Animal feeds __________ ____ ______ _____ _____ ____ ____
Bakery products ___ ___ ______ ____ ____ __ ___ ____ _____
Confectionery __ _____ __ _____ __ __ _____ _______ __ .. ___ _
Beverages _ ___________ ____ ____ ____ _____ ____ _____ _
Manufactured ice _________ ________ __ ______ ______ __
All other, food products ________ ______ ____ _____ ___ _
Total, food products ___ __ ___ __ __________________
Tobacco manufactures, total. ___________ ___ ______ __ __ _
Textiles and their products:
Cotton broad goods . ____ ___________ _______ __ ______
Cotton narrow fabrics, yarn, thread, etc . _____ ____
Silk and rayon manufactures ____ ____ ______ ________
Woolen and worsted manufactures ___ __ __ ________ _
Knit goods _______ _____ _______ _____ ____ ____ ________
Dyeing and finishin g textiles _____________ _________
Carpets, rugs, etc - - -- - - - --- ------- -- - - -- -- -- - - --Men's and boy's clothing and furnishings (includin g hats) _____ _ _____ ____------------ - --- - ----- -Women's and children's clothing and furnishings
(including hats) ________ __ ____ ___ ___ ____ _____ ____
House furnishings __ ___ _____ ______ ____ ____ ____ ___ ___
All other, textiles. ____________ _____ ____ ___________
Total, textiles and their products. ______________
See footnotes at end of table.
Number
of business enterprises 2
Amount
authorized
Amount
disbursed
120
124
$5,705,572.66
3,835,415.37
$2, 213,033.65
1,917,446.34
38
120
55
73
49
63
52
49
6.477, 750.00
7,893,940.42
3,214,764.46
1,841,535.72
1,724,666.58
2,662,684.35
1,843,333.82
1, 778, 871. 33
1,899,433.96
l, 492, 701. 09
4,985,658.4i
l, 755, 041. 70
989,324.50
645,891.46
1,321,154.35
831,642. 15
454,118. 70
974,876.61
862
38,877,968.67
17,580,889.02
8
188,000.00
147,000.00
36
53
44
53
129
42
8
9,667,063.46
7,435,506.24
9,145,750. 00
16, 113, 543. 21
8,295,262.38
g, 167,900.00
2,487,812.50
6,537,536.26
4,359,820.27
6,799,207.50
11, 879, 551. 34
4,738,048.89
6, 105, 061. 81
1,770,000.00
86
3,522,010.00
1, 279, 871. 76
71
17
69
850,360.00
734,641.11
3, 507,525.00
528,450.00
284,081.80
2,789,908.23
608
70,927,373.90
119
- ----
47, 071, 537. 86
-------
65
REPORT OF REC0~STRPC'TI0N FINANCE CORPORA'rI0N
I0.-.1..\Tumber of business enterprises to which authorizations were made; and"
amounts authorized and disbursed by the Reconstruction Finance Corporation, from
Feb. 2, 1932, to Sept. 30, 1940, inclusive, by industries-Continued
rABLE
Industry
Number
of business enterprises 2
1
Amount
authorized
Amount
dishuri,ed
-
danufacturing-Continued.
Lumber and timber products:
Sawmil!s (including sawmills combined with logging camps or with planing mills) __ __ ___________
Veneer mills _________ __ ____ ____ __ _____ _________ ___
Cooperage stock mills _________ ____ ______ ___ _______
Planing mills ______________ ____ ____ ______ __ _______
Furniture _____________________ _______ . ___ __ ______ Mattresses and springs _________ ___ ____ ______ ______
Office furniture __ . ________________ ________________
Cabinet work, fixtures . ________ _____ ________ ______
Wooden containers ------------------ - - - ---------·wooden turned products _____ ______ ____ ___ _______
All other, lumber_ ______ __ ______ ________ __________
Total, lumber and timber products ___ __________
$26. 127, 602. 8.3
2,513,067.95
233,050.00
4,990,133.33
8,151,952.75
327,700.00
1,481,300.00
735,950.00
3,353,429.47
1,201,496.67
880,346.67
49, 996,029.67
$15. 702,009.30
1,074,67 1.40'
144,450.00
2,627,894.36
4,469,2311.99
212. 700.00
1,025,566. 27
449,071.80
1,815,679. 47
557,613.94
446,058.63
28,524,952.16
49
41
27
117
31,343,250.00
596,344.98
841,350. 00
32,780,944.98
14,374,338.62
230,494.98
267,000.00
14, 871, 833. 60
193
22
19
31
265
3, 858, 191. 34
1,089,933.06
268,425.00
824, 02,5. 00
6,040,574.40
2, 270, 181. 70
166,274.66
173,700.00
355,428.95
2, 96.\ 585. 31
Chemicals and allied products:
Paints, varnishes, and colors .. ________ ________ __ __
Animal and vegetable.oils ____ ______ ______________
Drugs, toilet preparations, and related products ___
Soap and glycerin _________ ___________________ _____
Fertilizers ___________________ ___ __ __ __ _________ ___
Ind us trial chemicals _________________ ___ __________
Miscellaneous chemical products ___ ______ _________
Total, chemicals and allied products -----------
37
28
22
10
25
30
33
18,5
1,561,750.00
1,253,673. 29
601,600.00
153, 214. 57
1,606,360.00
1,180,270.00
953,160.00
7,310,027.86
1, 001, 571. 01
742,775.69
513,469.66
127,907.71
1,427,160. 00
752,570.64
346,500.00
4, 911, 954. 71
Products of petroleum, coal and natural gas, total . ___ _
20
1,293,750.00
810,000.00
30
2,187,950.00
1,044,412.50
18
35
29
82
1, 337, 500. 00
3,416.880. 00
1, 327, 623. 71
6,082,003.71
421,000.00
1, 2'27, 0-13. 73
747,199. 20
2,395. 242.93
- - - - - --
----
23
49
37
2.5
42
29
21
226
2,059,950.00
2, 172, 496. 77
4, 245, 171. 74
2,014,875.00
1, 683, 261. 67
696,125.00
856,500. 00
13,728,380.18
1,514,194.04
1,197,325. 00
2, 391, 354. 40
1,448,284.91
509,438.57
517,325.00
195,398.80
7, 77J,320. 72
8
51
4,061,783.34
5,276,850.00
1,960,550.00
2,280,423.56
1,049,500.00
6,598,766.40
1,810,900.00
1.449,2.50.00
2,264,800.00
206,250.00
603,SOO.OO
5,080,050.00
1,436,783.34
3,556,462.29
1,034,550.00
1,578, 065. 09
413,458.00
2,691,714.21
773, 311. 2f>
67.5,252.59
1,309,515.00
48,050.00
438,000.00
3,208,944.56
358
32,642,623.30
Paper and allied products:
Pulp, paper mills _________________ ____ ___________ _
Containers (bags and boxes) ______________________
All other, paper _________ _____________________ _____
Total, paper and allied products ______________ __
248
36
16
113
151
23
22
14
59
27
44
753
---
----- -----
Printing and allied industry:
Book and job printing ____________________________
Lithographing ______________ ________ ________ ____ __
Bookbinding and related industries ____________ ___
Typesetting, engraving, etc ____ ___ __ ______ __ ______
Total, printing and allied industry ___ ________ ___
Rubber products, total _______ ______ ____ __ ____________
Leather and leather products:
Tanning and finishing ___ ___ __ ____ __ _____________
Footwear _________________________ ___ ___ _________ _
Miscellaneous leather goods _____ __________________
Total, leather and leather products _____________
--- ------
Stone, clay and glass products :
Glass products ________________ __ ___ ____ _____ _____ _
Brick ___________ _______________ _________ _____ _____
Structural clay products (tile, etc.) ____ __ __________
Pottery and related products ___ ___________ _______
Concrete and plaster products ____________________
Cut stone and stone products _____________________
All other _________ _____ _________ _______ ___________ .
Total, stone, clay, and glass products ___________
Iron and steel and their products (except machinery):
Blast furnaces, steel works, rolling mills ________ ___
Iron and steel castings __ ____ _____ ___ ______________
Cast iron pipe and fittings _____ ___ ____________ ____
Cutlery, tools, and general hard ware ______________
Plumbers supplies (metal) __ . _____________________
Beating apparatus (except electric) _______________
Stamped and pressed metal products _____ ________
Enameling, galvanizing, etc _____________________ __
Fabricated structural steel . ____________________ ___
Ornamental metal work _
Metal doors, shutters, and-tr-im~== ==: =:=====:=:===
Miscellaneous iron and steel products ________ ____ _
Total, iron and steel and their products (execpt
machinery) ___________________________________
See footnotes at end of table.
-
,57
17
28
17
57
;:;g
15
41
11
17
I
17, 164, 106. 33
66
REPORT OF RECOKSTRUCTION FINANCE CORPORATION
10.-Number of business enterprises to which authorizations were made; an,
amounts authorized and disbursed by the Reconstruction Finance Corporation, fror
Feb. 2, 1932, to Sept. 30, 1940, inclusive, by industries-Continued
·
TABLE
Industry
Number
of business enterprises 2
1
Manufacturing-Continued.
Transportation equipment:
Automobiles and parts______ ___ ___________________
Aircraft and parts_ _______________________________
Ship and boat building and repairing_ ____________
Miscellaneous transportation equipment______ ____
69
11
23
11
Amount
authorized
Amount
disbursed
$21, 401, 101. 45
5,232,500.00
1,474,341. 67
2,176,500.00
$17,440,745.4
1, 487, 661. 0
802,100.0
1,722,800.0
30,284,443.12
21,453,306.4
20
19
17
17
1,905,173.49
633,500.00
195,400.00
409,775.00
891,142.0
412,500.0
47,300.0
123,300.0
28
1,102,700.00
435,308.1
4,246,548.49
1,909,550.2
136
1,362,000.00
2,409,880.00
3,410,000.00
903,606.77
2,291,168.24
1,418,533.33
811,400.00
700,966.66
893,000.00
1,655,000.00
8,518,583.68
615,500.0
1,163,480.0
2,438,317.5
395,345.0
1,012,587.1
587,801.0
410,601.0
383,100. C
705,000.0
882,276.3
4,115,992.6
367
24,374,138.68
12, 710, 000. 8
17
24
19
42
368,700.00
940,766.07
339,350.00
1,398,813.30
89, 7.55. 0
462,255.3
202,950.0
489,025.7
102
3,047,629.37
1,243,986.1
23
38
23
148,095.00
177,119.25
386,997.97
700,850.00
79,100.0
117,372.4
264,736.3
269,245.C
20
58
541,341.56
294,932. 00
171, 150. 0
144,992. ~
171
2,249,335.78
1,046,596.7
1- - ~ -
Total, transportation equipment _______________
114
l====I
Nonferrous metals and their products:
Smelting, refining, and alloying __________________ _
Clocks, jewelry, and silverware ______ ____ __ _____ __
Engraving, plating, and polishing (metal) ________ _
Lighting fixtures _________________________________ _
Miscellaneous nonferrous metals and their produets _________ __________________ ___ ____ __ ___ ____ _
Total, nonferrous metals and their products ____ _
Machinery:
Communication equipment_ _____________________ _
Other electrical machinery and equipment_ ______ _
Engines and turbines ____________________________ _
Agricultural machinery ___________ _______________ _
Construction, mining and related machinery _____ _
Metal working machinery _______________________ _
Food products machinery ________________________ _
Textile machinery __________ _____ _____ __.. __ _____ _
Pumps, compressors, and pumping equipment_ __ _
Industrial refrigeration machinery ____ _____ ______ .
A II other _______ _______ __ ___ _ ____________________ _
Total, machinery __ ____________ ___ __ ____ _______ _
Miscellaneous manufacturing:
Scientific instruments ___________________________ _
Toys and sporting goods _____ __________ . __ ___ ____ _
Signs and advertising dispfays ___________________ _
All other _______ ________________ ____________ _____ _
Total, miscellaneous manufacturing ___ ________ __
N onmanufacturing:
Agriculture, forestry, and fishing:
Poul try farms _________ __ ________ ___________ _____ _
Fur farms ______ _____ ___ _______ _____ _____________ _
Nurseries and greenhouses __ _____________________ _
Miscellaneous agricultural farms ______ ______ _____ _
Agriculture and forestry services (including ginning) _____ __ _- - - -- -- ----- - - - - -- -- - - -- -- - - - - -- - - - Fishery and sponge fishing ____________ ____ ______ _
Total, agriculture, forestry, and fishing _________ _
Mining and quarrying: z
Coal _______ ______________________________________ _
Stone quarries __ ____ ___ ______ ____________ ___ _____ _
Sand and graveL _______ ____ ___ _______ ___________ _
Miscellaneous mining ______________________ _____ _
Total, mining and quarrying __________________ _
Construction:
Building construction-general contractors _______ _
Rea vy construction (roads, sewers, etc.) _________ _
Marine construction (other than shipbuilding) ___ _
Plumbing, heating, etc ______ __ ____ _____ _________ _
Excavation and foundation work ___ ____ __ __ _____ _
Miscellaneous contractors ___ _______ __ ___ __ __ _____ _
Total, construction ____________________________ _
101
====I
14
48
9
18
35
52
20
9
12
14
-------====
9
----====
96
56
34
35
16,853,436.12
4,724,500.00
1,348,400.00
2,379,826.04
8,092, 711..j
2,629,938.8
966,119.0
1,356,285.6
221
25,306,162.16
13,045,055.0
33
377,400.00
1, 198, 841. 35
464,550.00
73,370.00
338,000.00
332,277.22
422,850.0
564,117.3
381,300.0
36,320.0
218,000.0
165,840.8
120
3,284,438.57
1, 788, 428. 1
160,950.00
467,035.00
100,750.00
123, 686.82
621,280.00
80,955.0
257,060.0
29,000.0
39,050. 0
435,780.0
-
====
32
29
6
10
10
I====
Wholesale:
Assemblers of farm products ___ _____________ _____ _
Dairy and poultry products _____________________ _
Dry goods and appareL _________________________ _
Electrical goods __ ____ _________________________ ___ _
Farm products (other) ___________________________ _
See footnotes at end of table.
13
33
10
10
35
67
REPORT OF RECONSTRUCTION FINANCE OORPORATION
10.-lVumber of business enterprises to which authorizations were made; and
amounts authorized and disbursed by the Reconstruction Finance Corporation, from
Feb. 2, 1932, to Sept. 30, 1940, inclusive, by industries-Continued
•
TABLE
Industry
1
Number
of business enterprises 2
Nonmanufacturing-Continued.
Wholesale-Continued.
Fruits and vegetables (fresh) __ ____ ____ ___ ____ __ ___
51
Groceries and food specialties ______ ___ ___ ___ _____ _
94
Hardware ____ __ ______ _______ __ __ _____ ______ ______ _
23
Lumber and construction materials ___ _______ ___. _
59
Machinery, equipment, and supplies _____ _____ ___
42
19
Metals and minerals (except petroleum and scrap) _
Motor vehicles and equipment_ ________ __ ____ _____
32
Petroleum and its products ____ ____ _________ _____ _
·52
Plumbing and heating equipment and supplies ___
10
,vaste materials _____ _____ __________ ___ ___ __ _____ _
29
,vholesalers not elsewhere classified __ ___ ______ ___ _
51
Total, wholesale ____ __ ________ _____ ____ _______ __ - - 573
Retail:
=====
Accessory, tire, battery, and parts dealers ____ _____
21
Apparel stores _______ ____ ___ ______ ______________ __
72
Bakeries and caterers ____ _______________________ __
10
Department stores ____ __ ___ . ___ . _______ __ _______ __
39
Drugstores ______ __ ___ ____________ ___ ________ ___ __
69
Dry goods and general stores _____ ___ ____ __ _______ _
127
Electric and gas household appliance stores ______ _
20
Farm and garden supply stores __ ___ _________ ____ _
27
Filling stations ___ _____ ___ __ ___ _______ __ _______ __ _
53
Fuel and ice dealers ___ ____ _____________ ___ ___ ____ _
64
Furniture and home furnishings ____ ___ __ __ ______ _
71
Furriers and fur shops ___ __ __ __ ____ ____ _____ __ __ __
14
Grocery and meat stores __ ____ ____ ___ _______ _____ _
124
Hardware and farm implement dealers ____ _______ _
63
Jewelry stores _____ _____ ___ ___ _____ ______________ __
17
Lumber, building material, and equipment
dealers __ _____ _____ ______ __ ________ ___ ___ _______ _
127
Miscellaneous food stores _______ ____ __ ___ ___ __ ___ _
7
Motor vehicles __ ___ __ ____ ____ ____ ____ ____________ _
95
52
Restaurants, etc_ --- -- ----- ----- -- -- - -- - -------- -Miscellaneous retail stores ___ ________ ____ ________ _
21
Total, retail. ___ ___ ________ _________ ____________ _ ---1, 093 \
1====
Miscellaneous:
Automobile repair services and garages, totaL ___ __
68
I====
Barber and beauty shops, total. __ _____________ __ _
20
I====
Bus and truck lines, terminals, etc., totaL ____ __ __
45
I====
Cold-storage warehousing, including lockers, totaL
24
I==== I
Communication facilitie~, total. _________ __ ___ ____
19
I==== I
Financing (growers, canners, etc.) totaL ___ ___ __ __
3 735
I====
Heat, light and power, totaL ____ ___ ______ ___ ___ __
22
I====
Hotels, camps, tourist, and recreational, totaL ___ _
65
====
Laundries, cleaning and dyeing plants, totaL ____ _
143
====
Miscellaneous personal services, total ____ ____ _____
79
Miscellaneous repair services, total ___ _________ ___ _ ====
31
Motion pictures (production, theaters, etc.) , total . ====
:d
Photographic studios, totaL ___ ____ __ ______ ____ __ _I====
16
I====
,v arehousing and storage other than cold storage,
total ______ __ ______ ___________ _____ __ ____ _____ __ _
57
====
ater and sanitary ser vices, totaL ____ _____ _____ _
10
I====
,Yater transportation , totaL ___ ____ ____ _______ ____
3,1
All other, total ____ __ ________ ____ ___ _______ _____ __1====
82
Grand totals 5 _ ___ _ _ __ ______ _ __ __ _______ _ _ _ ____
7,850 I
,v
--1----
Amount
disbursed
Amount
authorized
$7,841,965.16
1,507,360.00
716,450.00
1, 687, 151. 00
554,075. 00
824,800.00
446,966.60
1,186,825. 00
258,687.50
686, 850.00
1,500,475.00
18,685,307. 08
$1,757,410.52
697,090.29
380,000. 00
830,734.96
120,109. 52
645,250.00
242,907.37
525,500.00
160, 104. 07
228,091.40
519,116.25
6,948,159. 43
71, 448.35
747,498.33
112,300. 00
3,806,355.00
251,684.29
1, 642, 011. 23
182,877.86
228,374. 67
200,036.67
705,342.70
1,288,339.43
55, 602.86
513, 243.33
458,862.50
191,522.76
33,282.00
242,695.00
34,500.00
3,315,330.00
103,180.79
959,868. 64
89,350. 00
123,083.00
96, 997.67
313,151.28
651,331.45
54,102.86
224,100. 15
274, 599.84
45,800.00
2,055, 202.50
117,450.00
806, 535.00
646,145. 20
137,700.00
14, 218,532.68
1,155,675.00
37,749.50
410. 325. 14
189;586.50
80,900.00
8, 435,608. 82
298, 271.14
150,502. 65
40, 490.00
26,265.00
9,002, 796.00
5,345,052.36
501,583.33
-
279, 087.13
5, 135, 210. 00
1,970,598.34
16,654,000. 00
1,417, 374.32
2, 511, 493. 33
948,510.00
921 , 340.00
2. 379, 689. 76
5,225,718. 46
1.51,325. 00
1, 346. 160. 00
178, 570. 00
220,075.04
1,489, 178.95
2, 719, 196. 08
.54,875.00
356,915. 00
133,150.00
1, -160, 950. 00
88,350. 00
4, 17:3, 750. 00
4, 482, 291. 75
4 5 442,304 ,151. 37
691, 178.76
,59, 900. 00
3. 102, 524. 68
3, 197, 549.21
236,003,459. 56
Revised.
Excludes mining loans authorized under sec. 14 of the act appro ved June 19, 1934, as amended .
3 Includes 716 fruit growers located in certain areas in Washinirton.
4 Does not include $2,336,058.55 represent ing agreements by the Corporation to purchase participations
in loans and participations sold .
5 Revised to exclude cond itional agreements outstanding, which were included in previous quarterly
reports. At the close of Sept. 30, 1940, conditional agreements outstand ing aggregat ed $118,921 ,969.17.
1
2
68
REPORT OF RECONSTRUCTION FIKANCE CORPORATION,
1 l.-Total arnount authorized and disbursed to bus1:ness enterprises by
Reconstruction Finance Corporation and participating banks, etc., from Feb. 2,
1932, to Sept. 30, 1940, inclusive, by States
•
TABLE
(Includes loans and participations under sec. 5d of the Reconstruction Finance Corporation Act, as amended;
and loans to business enterprises through mortgage loan companies and banks, and loans to borrowers
engaged in the fishing industry, under sec. 5 of the Reconstruction Finance Corporation Act, as amended.
Does not include loans to business enterprises in connection with national defense}
State
Amount authorized
Alabama _____ ___ _
Arizona ___ ___ ____
Arkansas _______ __
California ____ ____
Colorado ___ ___ ___
Connecticut __ __ _.
Delaware . ______ _
Dist. of Col. __ ___
Florida ______ _____
Georgia __ __ __ ____
Idaho __ ___ ___ ___ _
Illinois __ ___ __ ___
Indiana . __ ____ _- .
Iowa ____ _______ __
Ka:1!"'.as ____ _ - - - Kentucky ______ __
Louisiana ___ _____
Maine - · - - ---- - - Maryland __ ______
Massachnsetts ___
Michigan ___ __ ___ _
Minnesota _.. ____ _
Mississippi_ ___ ___
Missouri __ ___ __ __
Montana .. ____ ___ _
Nehraska ____ _____
Nevada ________ __
$4, 405, 810. 00
1, fi32, 155. 72
7, 007, 716. 10
33,483.007.28
2,505,575.82
8,553,612. 50
504,900.00
703.4130.00
10, 372,469.01
17,003,796.76
1, 155, \!90. 00
27, 976, 721. 05
fi,U22,950.00
2:,. 19!), 350. 00
2,fi30, 57fi. 45
7,002, O.'iO. 11
1, 279, fi.''13. !JG
11. 089, 310. 00
fi, 279, 61 !J. 62
I 5. 359, Hlfi. 06
31 , !108, 244. 4.5
4, 5~7. 547. 74
l,fiO.'i,997. 98
21, 3!10, CH7. 3!l
1, fJ IfJ, 847. 5fJ
2.308,409. 43
lll'i, f:21. 93
Amount disbursed
$3, 377, 037. rn
1,084,080.53
6,174, 661.42
23,413,481. :w
1, 135, 7\J3. 29
6, 757,6g7.66
332,500.00
524,704. 50
6, 150, 549.fiO
12,553,475.68
9G,5, 924. OU
12,753,232.17
4, 260, 163. 32
1, 28fi,529. 00
1, 616,724.40
3,202,900.23
879,528.05
859, 657. 27
4,282,818. 72
10, 38f>, 56:J. 82
22,308, 292. 26
2,661, 41 I. 16
921, 989. 77
14. 217. 873. JO
1, 243, 1J2. 38
1,519. 358. q9
77,407. 70
Amount autborized
State
New Hampshire __
New Jersey _______
New Mexico _____
New York . ______
North Carolina __ _
Nor t h Dakota __ __
Ohio __ ___ ____ ____
Oklahoma ___ ____ _
Oregon _________ __
Pennsylvania ___ _
Rhode Island _____
South Carolina __ _
South Dakota __..
Tennessee ___ ____ _
'rexas ____ _______ _
U tab __ _______ ____
Vermon L __ _____ _
Vi rg-i r. ia ____ __ ____
Washington __ ____
vYest Virginia ____
Wisconsin ___ __ ___
Wyoming ________
Alaska - - - - -- - -- Hawaii - --- - -- - Puerto Rico ______
Amount disbursed
$2,212,500.00
2b,345,893. 80
1, 249,191.55
47,021,831. 75
10,978, Ofi4 . 04
812,000.00
2o,265,548. 24
2, 08(), 719. 43
12, U24, 3!9. fif>
43.fl78,784.33
3,560,000. 00
4,173,423 . 18
195, 13fi. 00
12. 441, 524. :m
n,684,912.21>
1, 490, 445. :32
$1,150,566.00
18, 803,153.7 5
712,975.3 6
25, 277, 921. 64
7, 396, o42. 11
616,149.7 3
19, 107, 050. 24
1, 340, 819. 43,
U, 412,918. 71
29,864,867.3 0
3, l LD, 437. 1z
3,273,395.0,
84,736.0 o,
8, 700, 504. 3.5
7,487,118.4 4
1. 164, 939. 73
. 296. 809. 50
3,966,773.3 3
21,211,074.61
2. o~m, 003. 30
6, fi96, 140. 4.0
2H. 545. 51
fiOfJ, JOO. 00
6,189,950.00
30,346,745.61
3, 518, W:>. 4fl
9,776,475.00
318,545.!il
432, 500. 00
400,000. 00
1, 340,000.00
Total ___ ___ _ 1 491,8.50.543. 24
.so;ooo.o0
275,000.00
I, 181,500.00
---2
318, 4fi4. 809. 43
1 In addition, agreements to make loans (and participations), upon the performance of specified conditions.
were outstanding at the close of Sept. 30, 1940, in the aggregate amount of $129,571 ,302.50 (including amount
to be taken by participating hanks , etc.) .
2 Includes amounts reported dis bursed as of Sept. 30. 19-10, by participating banks, etc .. on immediate and
deferred participa tions. In the case of deferred participations, the entire amount of the loan is ordinarily
disbursed by participating bank.
TABLE
l 2.-Part I .-Loans on self-liquidating projects by types of project, from
July 21, 1932 , to Sept. . 30, 1940, inclusive
[Under sec. 201 (a), title II, of the Emergenc·y Relief and Construction Act of 1932, as amended]
BRIDGES
Number of Numher of
loans auborrowers
thorized
------------ Public __________ ______ __
Private _.. _____ . __ ______ __
To taL. _______ __ ___
5
9
5
16
14
$99,049,579.80
1. 729,930.78
-
I
Amount disbursed
·--------- --------·
-----11
Amount withdrawn or canceled
Amount authorized
$3,578,602.94
415,000.00
$9.5, 470, 976. 86
],314.930. 78
3,993,602.94
96, 785,907.M
-------
100. 779. 510. 5S
COLLEGE BUILDINGS
Pub l i r. ______ ____________ ,
$3,031,155.71
$1,iOS.000. 00
I
$1, 323, 155. 71
---------------------------------DOCKS AND TERMINALS
Public ___________ . _.. ___ _
Private __________________
TotaL _________ ____
2
3
5
I
2
3
$325,000.00
l , 793, 691. 47
,5
2, 118, 691. 47
I
$50, 000. 00
1,100, 000. 00
$275,000.00
693, 691. 47
1, l.">O, 000 00
968,691.47
REPORT OF REC0NSTRVC'TION FI~ANCE CORPORATION
TABLE
69
12.-Part /.-Loans on self-liquidating projects by types of project, from
July .21, 1932, to Sept. 30, 1940, inclus1·-ve-Continued
[Under sec. 201 (a J, title II, of the Emergency Relief and Construction Act of 1932, as amended]
DRAINAGE AND IRRIGATION
II Number of
i
--
----
Amount disbursed
--- - - - - - -------- - - - - - - - -----
Public __ . _______ __ _______ !
Private ______________ ____ ;
--
Total_ . _- -- - - - --- -- i
Amount withdrawn or canreled
Number of Amount authorized
borrowers
loans authorlzed
14
3
10
17
13
$10,214,000.00
1,330,000.00
3
i
I
11,544, ooo. oo
$2, ;)08, 400 00
455,000.00
$7,570,fiOO.OO
875,000.00
I
2,763,400.00
8,445,600.00
I
$3,973,000.00
HOUSING (LO-\V-COST)
Private __________________ :
3
I
31
$12,187,000.00
I
$8,214,000. 00
I
$1,441,307. 571
$774,f.07.81
j
$1. 764,694.37
I
$22, 901, 270. 00
MARKETS
I
Pri vn te __________ ________ iI
9 1
91
$2. 21.5, 915. 38
POWER
p U bl",lC ___________________ Ii
I
5
I
5
I
$24,n65,9G4.37
PUBLIC AND SEMI-PUBLIC Bl,:ILDINGS
Public ______________
-----1
6 1
61
$3, 906, 500. oo
I
$53,000.00
I
$3,853,MO. OO
I
$1, 097, 300. oo
I
$937,000.00
SKWERS
Public ___________________ ,
I
12
I
12
I
$2,034,300.00
,v ATERWORKS (including water districts)
Public __________________
Private ______________ - - - -
91
13
1-
TotaL _____________ i
104 1
81
13
$227,939,859.85
.569, 340. 00
$9,087,374.00
434,140.00
$180,445,485_85
135,200.00
94
228,509,199.85
9,521,514.00
180,580,685.85
'
ALL OTHER
''
Pu_bJic_ --- - - -- - - - -- - - - -- - i
Private _____ __ __________ - :
5
1
TotaL ___________ -!
I
I
5
1
$4,614,000.00
4,486,250.00
9, 100. 250. oo
$200,777.20
$4,413,222.80
4,486,250.00 -- -- -- ----- - --- ---
I
4,687,027.20
I
4,413, 222.80
I
TOTAL, PART I
I
Public ___________________ :I
Private _____________ ____ _!
TotaL _________ ____ :
155
37
139
37
$375,780,359.73
24,312,127.63
192 1
176
400,092,487. 36
$19,848,148.51
12,304,697.57
32. 152,846.08
I
$317,190,211.22
12,007,430.06
I
329, 197, 641. 28
70
REPORT OF RECONSTRUCTION FINANCE CORPORATION
Part I !.-Loans to public agencies to aid in financing projects authorized under
Federal, State, or municipal law, by types of project, from Apr. 13, 1938, to SepL
30, 194D, ir:clus-ive
lUnder sec. 5d of the Reconstruction Finance Corporation Act, as amended]
Number of
loans authorized
Type
Bridg es ____________________________________
College buildings ___________________________
Muni cipal improvements (parks, etc.) _____
Power and light_ __ _________________________
Publi c buildings _______ ____________________
buildings ___________________________
Schoo1s _____________________________________
Sewer
Street s and roads ___________________________
Water works ________________________________
Allot her 1__________________________________
9
14
5
8
17
16
19
12
58
13
Total, part II ________________________
171
Amount withdrawn or
canceled
Amount authorized
Amount disbursed
$13,503,536.00
$566,000.00
4,682,000.00
138,000.00
l, 792,000.00 -- ---- ---------18,641,000.00
6, 017,000.00
5, 379, 991. 81
388, 000.00
1,509,900.00
422,100.00
1,663,000.00
718,500.00
51,696,000.00
3, 547, 911. 24
16,402,300.00
1,295,500.00
98,792,100.00
67,100.00
2
214,061,827.81
I
13, 160, lll. 24
$11,768,036.00
3,624,000.00
772,000.00
8,349,000.00
4, 878, 991. 81
437,100.00
704,000.00
43,105,588.76
13,987,800.00
32,815,000.00
I
120,441,516.57
Revised.
Jn addition, conditional agreements to make loans, upon the performance of specified conditions, were
outstanding in the amount of $15,601,375 at the close of Sept. 30, 1940.
1
2
13.-Number of banks and trust companies to which loans were authorized,
and amount authorized, under sect.ion 5 of the Reronstruction Finance Corporation
Act, as amended, by S'i ze of cities or towns, from Feb. 2, 1932, to Sept. 30, 1940,
inclusive
TABLE
Number of banks and
trust companie~
Amount authorized
Population of cities or towns in which borrowers
are located
Number
----------------------Under 5,000 __. _________ .. _____________ - _____ - - - - - - _5,000 to 9,999 ____ __ ___________________ . __________ .. __
10,000 to 24 ,9J9 _____ .. __________ __ ___________________
25,000 to 49,999 ______________ ______________________ _
50,000 to 99,999 ____ __________________________ ____ ___
100,000 to 199,999 __________________ __ ______________ _
200 ,0CO to 499,999 ___________________________________
500,000 to 999,999 ____________________ _______________
1,OOJ,0C0 and over __________________________________
Total ________________________________________
Percent of
total
Amount
Percent of
total
---- -----5,144
591
254
211
166
106
145
188
70.0
8.0
7.4
·3_ 5
2.9
2.3
1. 4
2.0
2. 5
$330,703,234.08
129,103,413.50
196,999, 2<J9. 26
14i,638, 114.41
293.840. 217.51
228, 738;845.90
256,847,436.32
411,784,813.07
472,460,717.66
7,346
100.0
2, 468, 116, 091. 71
541
13.4
5.2
8.0
6.0
ll. 9
9.3
10.4
16. 7
19. 1
100.0
14.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Sept. 30, 1940
TABLE
WASHINGTON OFFICE
Name
Title
Schram, Emil_______ __________________________ Chairman __________________________________ _
Henderson, Charles B. ________________________ Director ___________________________________ _
Hus bands, Sam H _______________________________ .. __ do _______________ _______ __ _____________ _
Klossner, Howard J ___________________________ _____ do _____________________________________ _
Merriam, C. B _____________________________________ do ______________________ _______________ _
Talley, Lynn p _________ _____ ____________ _____ Assistant to the directors ___________________ _
Buskie, George F __ ______ ______ ________________ Special assistant to the directors ____ __ ______ _
Cooksey, George R ____________________________ Secretary _______________________________ __ __
M ulliirnn, 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 __ _______________________________ ____ _
Fitts, William c ______________________________ Special counsel_ ____________________________ _
1
On leave of absence without pay.
Salary per
month
I
$833.33
833.33
833. 33.
833.33.
833. 33.
1,041.67
833.33
833.33
833.33
833. 33
833.33
833.33.
833.33
833.33
833.33.
REPORT OF REC0~STR U0TION FINANCE 0ORPORATION
71
f ABLE 14.-1Vames and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receivi ng from the Corporat'i on more than
$400 per month, as of Sept. 30, 1940-Continued
WASHI N GTON OFFICE- Continued
Name
Title
~indquist, R. J _____________ _______ ____ __ ______ Chief auditor ____ ____________ ____ ____ _____ __
aarriger. J . W., III ________ __ __ ___ ____ _________ Chief examiner, Railroad Di vision _______ ___
Brownell, R. A _- - - - -- -- - ---- -- - ------- ------ - Chief, Agency Di vision ___ ___ ________ ______ _
~acartney, Morton_ ______ ____ _______ ___ ___ ___ Chif'f, Self-Liquidating Division ___ ___ _____ .
~cGrath, M. J_ _ _ __ _________ _____ __ ___ __ _____ Chief, Examining Division _____ __ ___ _______ _
!Jamil ton, T. A___ ___ ___ ____ ___ ____ ___ __ __ __ __ Special examiner ___ _____ ______ ___ ___ ___ ___ __
rhralls, Jerome_ __ ____ ________ _________ _____ __ Special representative ____ ____ ____ ___ __ _____ _
Williams. George B ___________________________ President of The RFC Mortgage Company _
ray lor, R. J ___________________________________ Assistant chief, Examining Div is ion ____ ___ _
Jostello, '\V. C ___ ___ _____ _____ __ ____ __________ Special assistant to the Board of Directors __
58tterfiel<l, W. R ___ ___ _____ ______ ~ ____________ Assistant general counseL __________ __ ___ ___ _
~ullivan, William ,v __________________________ Examiner __ ____ ____ _______________ ______ ____
Jriffin, D. B __________________________________ Assistant treasurer _________ ______________ __ _
rohnson, ,v. J __ __ ___ ________ __ ___ ______ ______ _ Assistant chief, Examining Division _____ __ _
Ronan, Frank T ______________________________ ___ __do _________ ____ ___ ___ _______ ___________ _
Wright, Charles M ______________ ____ ____ ___ ___ Assistant general counsel_ _________ _________ _
!Ceenan, Frank J ______________________________ Examiner __ _______ ________ ____ ____ ________ __
lruehl, Frank W ______________________________ Counsel. __ __ ____ __ ____ ___ __ __ ______ __ ______ _
Joleman, John F ______________________________ Engineer adviser ___ ______ __ __ ______ __ ___ __ __
Ribenack, W. c ___ ___ _______ __ _____ ______ _____ Assistant chief, Examining Division _______ _
3troud, W. E _________________________________ _____do ___ ___ ___ _____ ___ _____ ____ __ __ ___ ____ _
lllen, Ronald H ______________________________ Assistant secretary ___ ___ ____ ____ ____ _______ _
Elo bson, Alfred T _____________________________ _____do ___ ______ ___________ _____ __ _______ ____
3ullivan, Harry L ____ ____ ____ __ ____ ____ ___ __ __ Assistant treasurer __ ________ ______ _________ _
Davis, Thomas H __ _____ _______ _____________ __ Administrative assistant_ ___ ___ __ ______ __ ___
Bass" t t, A 1bert E ______________________________ Examiner ____ ____ ____ _____ __ __ ____ ____ __ ____
Strong, Albert L ____ ______ ________ ______ ____ __ Chief, Drainage and Irrigation Section ____ __
Kelley, Jerome T ______ ___ _____ ___ __ __ . ________ Assistant treasurer __ ____ ___ ___ ________ _____ _
Unzicker, Willard E ___________________________ ___ __ do _________ _____ ___ __ ____ _________ ___ ___
Berrett, R. W _______________ __________ _______ _ Administrative assistant_ ______ __________ ___
Merritt, Arthur B ____ ____ ____ ____ ___ ________ __ ____ _do ____ -- - --- - - - --------- - -- -------- - ---Klagsbrunn, Hans A ________ ____________ ____ __ Counsel. ____ ____________ ______ ______ ____ __ __
Edelman, Edward ____ ____ ___ __ __ __ __ ____ ____ _ ___ __do _____ ______ ______ ___ _____ ___ ____ __ ___ _
Shaver, Clem ___ _____________ ____ ____ ___ ___ ___ Special assistant to the directors ___ ____ _____ _
Elliott, David C ________________ _______________ Chief, Statistical and Economic Division __ _
Gunderson, Harvey J _________________________ Counsel . ______________ ______ ____ ___ __ ______ _
Sabin, Samuel H ____________ ___ _______ ___ ______ ____ do ______ ____ ____ ___ ___ __ _____ ________ ___
Dodds, Chauncey Y __________________________ Examiner __ _______ ___ ____ ___ _. __ ______ ____ __
StaffOrd, Bayard C ____________________________ _____ do _____ _______ _________ ________________ _
Watson, William P ___ ___ ___ __ __ __ ______ __ _____ _,___ do _____ __ _______ ____ ____ ___ __ __ ___ __ __ __
Chadduck, Harry W __________________________ Administrative assistant_ ___ ____ ___________ _
Griffin, Charles N _______ ________ ___ ____ _______ ____ _do ___ ____ _____ __ _______________ ________ _
Young, R. D __ ______ __ _______ ____________ _____ ____ _do __ ___ __ _____ ______________ ___________ _
Drager, Walter L _____________________ ___ __ __ __ Chief, Engineering Section ___________ ______ _
Hill,· George H ;, Jr ____________________________ CounseL _____ __ __ _______ _______________ _____
Stansfield, Edgar A_ __________________________ _____ do ____ _______. __ ___ . _____ __ ____________ _
Shepard, Guy B _____ ____ __ __ __________ _______ Assistant chief, Agency Division __ __ ___ ____ _
Greist, Alva O ___- -- -- --- - -- --- ---- -- - - ---- - - - Advisory engineer ______ __ ___ __ __ _____ ______ _
Fletcher, William Meade, Jr ____ __ __ __ __ __ ____ Counsel. ______ ___ ____________ ____ ____ __ ___ __
Miller, M. E __________________________________ Examiner _____ __ ___ __ ______ ____ ___ ____ __ ____
Norton, John E ______ ____ ____________________ _ Chief, Mining Section ____ _____________ _____ _
Stein, Edward T ______________________________ Chief, Bond Service Section ___ ______ __ _____ _
Livingston, Schuyler W _______________________ CounseL _________ ____. __ ___ ____ ___ _____ ____
Gr~er, Frank H _______________________________ Special representative _____ _____ __ ___ ____ ___ _
Healey, Geo. W __________ . ____________________ _____do ______ _______ ________ __________ .. _____ _
Boggs, Verner _______ ____ ____ ___ ___ . ___________ Examiner ________ __ __ ____ __ ______ ____ ___ __ __
Cole, James O __ _____ _______ ______ __ __ _____ ___ _ Assistant to the ChRirman __ ____ ______ __ ___ _
Beck, ,v. C., Jr_ ______________________________ Chief acconntan t. . __ __ ___ _____ ____ ______ ___ _
Royall, Nathaniel .. ___ ___ ____ ___ ________ _. _____ Assistant chief auditor ____ ________ __ ___ ____ _
Wilson, Robert G _____________________________ Counse L __ ___ ______ _____ _____ __________ __ __
Dickinson, R. G ___ ____ ____ ____ ___ __ _____ ___ _. _ Examiner _________ ______. ______ __ ____ ___ __ __
Howard, Ernest B ___ _______________ __ ____ ______ ____do ___ ________ ____ _________ ____ ____ ____ __ _
Lewis, Charles B ______ ____ ___ ___ . ___ ____ ______ ____ _do ___ ________ ____ ___ __________ ____ _____ __
Rossman, Richard __________ __ _______ ________ __ _____do ___ ___ _______ _____ _____ ___ _____ _. ______
Wadden, Thomas A ______ ____ ___ _____ __ ___ ______ ___do ___________ ______ ___________ ___ . ____ ___
Rutland, Herbert R ______ ____ ___ ___ ____ _______ Administrative assistant_ __ ___ ______ __ _____ _
fohnson, L. E __ __ ________ __ __________ _____. ___ Examiner __ ___ ______ ___ _______ . ___ _______ ___
Tyree, Young ___________ ___ ____ __ ___. ___ __ __ . _ _____ do ____ __ ____ ____ _____ __ _______ ______ __ __ _
Joyce, Walter E _______________________________ Administrative assistant_ _______ ____ ___ __ ___
Keays, R. H_ ____ _______ _________________ _____ Supervising engineer __ ______ __ ___ __ __ ____ ___
Knarr, M. W __________ ___ ____ ___ ____ ____ __ __ . _ Assistant to the secretary __ ___ ____ _____ ____ _
Glueck, Na than H ____________________________ CounseL __ __ _____. __ _____ ______ ___ ___ ____ __
Armistead, Robert p ___ ______ ___ . ____ _________ Examiner ________________ ______________ ____ _
Clayton, Laurance J ___________________________ ___ __do __ _____ ______. ______ ____ ______ ____ ___ __
8~~~1t~~rj_~:a-en::::=:=::
:::::::::: :== === ==::===~~=::::::: =::=:::=:::=::::::::::: ::::::::
Jenkins, Hugh Powell ___ ________ __ __ __ __ __ ___ __ ___ _do ___ __ _______ ___ __ _______ __ ____ ________ _
Jones, Ralph B __ _____________________ ______ _______ _do _____ ____ ___________ _____ __ _______ _____
8.alary per
month
$833.33
833. 33
833.33
833. 33
833.33
833.33
833. 33
833.33
800.00
791. 67
791. 67
775.00
766.67
750. 00
7,50. 00
750.00
708. 33
708. 33
708. 33
708.33
708.33
708. 33
708.33
666. 67
666.67
666.67
666.67
650.00
650. 00·
650.00
650. 00·
650.00
633. 33
625.00
62.5.00
625. 00
625.00
625.00
625.00
625. 00
625. 00
625.00
625.00
625.00
608. 38
608.33
600. 00
600.00
600.00
600.00
583. 33
583.33
583. 33
583. 33
583.33
583. 33
566.67
566.67
566.67
566.67
566.6i
566.67
566.67
566. 67
566.67
562. 50
562. 50
562.50
550. 00
550. 00
541. 67
!i41. 67
541. 67
541. 67
541. 67
.'i41. 67
541. 67
541.67
72
REPORT OF RECONSTRUCTION FINANCE CORPORATION:
14.-Names and compensation of directors, officers, and employees of t.
Reconstruction Finance Corporation receiving from the Corporation more th£
$400 per month, as of Sept. 30, 1940-Continued
TABLE
WASHINGTON OFFICE-Continued
Name
Title
Luce, George P __________________________ ______ Examiner _________ ________________________ __
Mielenz, Louis M _____________________________ _____ do ______ __ ____ _____________ ______ ___ ____ _
0 'B leness, E. J ____ ______________ ________________ ___ do __________ ___ ___________ ____________ __ _
Peery, Robert W __ ___________________________ ______ do . ______ __ __ __________ _____ ___ __ ______ __
Robertson, Hilton W __ _________ ___ __ __ __________ ___ do ______ __ ___ ______ __ ____ ______ _________ _
Rochelle, William J _ __________________________ _____ do ___ ____ ____ ____ __ ________________ __ ___ _
:Seabury, R . M ________ ___ _____________________ __ __ _do_ . ____ _______ _________ ________________ _
Seeley, Harold J _______ .. ___ _____ _______ . _______ _____ do __ ___ __ ___ __ ___ __ ____ . ________________ _
Talman, Carter _______________________ _____________ do ___ ___ ___________________________ _____ _
'Toole, J. E _. __ ______ ______ __ _______ ___ ________ _____ do _______ __ ________ _____ _____________ ___ _
Ward, MaxwPIL _______________ . ___ . _________ ____do __ ________ ___ ______ ___ ___ _________ ____ _
Tracy, Frank T _______ ______ _______________ . __ Chief Clerk and Building Suprrintendent. __
Burton, Roy IL___ ____ ______ ___ __ ___ _____ ____
Assistant chi<'f, Engineering Section ________ _
Rait, Donald M . ________ __ __ ______ __ ___ _ . _____ F.ngineC'r examiner _____ ___ ________________ _
Estes, George L __ _____________________________ Examiner _. ____ ___________________ _________ _
Freeman, Lewis D _________ ___ __ _ . ___ ______ _____ ___ do __ . ___. __ _____ __ __ __ __ _______________ _
Henrich , William A. __ ______ ___ __ _____ ____ ___ . _____ do ___ . . __ _____ ____ ______ ________________ _
Blair, Smith ___________ __ __ . ___________________ ___ do ___ _______ __ ____ _______ . ________ . ____ _.
Holland, B('rnard P., Jr_ ____ . ____ _______ . _ ____ Counse L __ . _____ ______ . __ _ . _______ . _____ . _. _
Galt, Alexand er B ___ __ . ___ ___. ____ ___ . ________ Assistant secrftary __________ . ______ ___ ___ __ _
Crossland, Stanley T __ __. __ _____ . _____________ Assistant to Mr. Klossner_ __ ___ . ______ _____ _
Goodale, Robert C. ___________ __ _____________ Counsel __ ____ ______ ... __ _. _____________ __ __
Hutchinson, A. S ______________ ______ ____ _. _. _ ___ __do _. ___ . ____. ______ ______ ___ . ______ _____ _
McCaffery, Emmet __ ____ ________________ ____ ___._do ___. ___ __ . _________ ______ _.--- - - ----- - S:indlin, John N ____ ________ __ ______ ________ . ____ _do ______ ______ __ __ ____________________ ___
Stoner, George B . _________________ ____________ _____ do_ . ___ . _________ . ___ . . _____ ___ . ________ _
Chadwr ll, W. A ____ ____ __ ___ ___ ___ __ __ ____ ___ Examiner _____ __ __ __ __ ______ _________ __ ____ _
Cristadoro, Anthony J ____ _____ _____ ________ __ __.. _do ____ ______ __ ____ ______________ _______ -Etheridge, Julian c _________ ___ ______ _____ ____ ____do ______ __ ____ ___ _______ ____ __________ _
Farrell, Ed ward A __.. _. ____ ____ ____ ____ _. ____ . ___ _do ___ ____ . ___ ______ ___ . ___ . __ ____ . _- __ - - Fost('r, Sterling J., Jr_ ___________ _____ _______ __ ____ do- --- - ------ - - - -- - --- -- - ----- - - ----- - - ·Giddings, William(; ___ _____ _________ ________ ___. . do ___ ________ ________ ------------ ------ ·
Hoover, J arnec_ 0 _____________ ____ __ ____. __ . ____ do ... _____ ____ ____ ____ __ __________ . ____ .
House, Perry B ___ . ________ ____ ___________ . __ . ____ do ___ ___ ___ ___ _____ ______ ___. _______ . - _- Mack. Bryan _. __ ___ _______ ___ ___ ____ ______. ____ ___ __ do ____ __ ___ _... __ __ __ _______ __ _______ . __ _
Stewart, Adelbert 'l'. __ ___ ____ ___ ____. ______ . __ ___ __do __. _ ____ __ . ______ ____ ____ . ____ _______ _
Williams, John F ___ ____ __ __ ____ __ _____ __ ___ . __ Administrative assistant_ __ ___ ____ _________ .
Dawson, D onald S ______________ . ______ _. _____ ___. .1' 0 ___ _ . ____ __ _ _____ ___ _ . _. ___________ - - - Knnnee, Henry M___ __ ________________________ Liaison. r~prese~tative _______ . ... _-- __ -- -- -- - Roper, James IT _____ ___ _____ . ___ __ __. ____ __ __ Superv1smg engmcer_ _____________ ______ ---Waugh, Les tcr R ____ ___. ____ . ___ . ____ _____ ___ . ____ do __ _____ ___ _. _____ . ___ __ ______ _. . _. _. - - Halsted, J. Donald__ __ ____ ______ _____ ___ ______ Special assi~tant, Statistical and Economic
Di vision .
Maroney, W. H ___________ . __ ___ _____ _. __. ____ Assistant chief, Bond Service Section ______ -Stroberg, H. R ______ __. ___ ______ ___ . ____. ____ . Auditor _____ .. . _________ . __________ __-- - - - - -Ward, Peter C ___ ____ ______ . ___________________ Administrative ass is tan t_ _____ ____ ____- _- - - Bladen, W. H __ ____ ___ __ ___ __ __ _______ _. _____ ChiPf, Expense Section ______ ______ . __ - - - - - - .
Braver man, A. Marv in ____ ____________ ______ . _ CounseL . ___________ ________ ____ - _- - - - - - - - - .
McLaughlin, Mat.thew A., Jr_ __________ ________ ___ do _____ ______ ___ ____________ ________ ____ _
Metz, Elmer E _____ __ _____ ___ ___ _____ ____ ______ ____ do. ____ . _____ ______________ ___ . ____ - _- - - .
.Strom, L. H ___ ____ ____ _. ___ ___ __ ______ ______ . _ Engineer examiner ___ . ___________ . ___ -- - - - -Brown, Alan B ___ _____________________________ CounseL ____ .. __________________ ____ . ____- - - Ellsworth, George K. c ___ ______ _____ . __. ___ _______do _____ ___ _____ ____ __ ____ ___ _____ _- --- -- Yeager, William B _.. __ ____ __ ___ ____ __ ___. __. __ Examiner __ ______ _____ _____ _____ __ __ __ - _- - - Greely, Adolphus W ___ _. __ _____ ___ ___. ___ ____ En~ineer examiner ______ __ ______ - - -- -- -- - - - Campbell, J. Bowers___ ______ ____ _____ ______ __ CounseL __ . _____________ . ___ __ ------------ -·Collins, James H ___ _. __ ___________ __ _.. _______ Administrative assistant__. _____ ------ -- -- -Murphy. D. F .. ____ __ _____ . ___________________ Examiner ___________ ___ _____ ___ . ____ - . - - - - - .
Respess, John R _____ ______ _________ ___ . __. __. _ Auditor _______ _________ _. ___ ____ - _- - - - - - - - - Alexander, Hamilton ______________ __ __________ Examiner _______ ___ __ _____ ____ ____ --- _-- --- Bergstrom, Raymond A _____ ____ ____ ___ _____ . _____ . do _______ . _. ___ ____ . _____ . ___ -- - - - --- - - -Burrowes, Alfred D _________ __ __ ______ . _____ _ __ . __ do __ ___ ______ _____ . __________ - _- _- - . - - - - ·Gay, John L __.._. __ ___________________________ _____ do _____ ____ _____ ____ ___ ________ .. _- _-- - - - .
Mccutcheon, William N ________ ____ ________ __ _____ do ___ ___________ __ __________ _______ ___ ___
Mitchell, Robert A ______ __ ____ __ _____ __ __________ __ do ___ ________ ____ ___________ _____ ______ _
Rhett, Robert Goodwyn, Jr _____ ___ _____ ____ _______ do ___ ______________ _____________________ _
Rogus, Hatton B __________ _____ __ _____ ____. ________ do ______ ______ ________ ~ ______ - _- - - - - - - - - .Snyder, T. R __________________________________ . __ _. do ______ ___ ________________ . __ _- _- - - - - - - Will et t, William E. _. _________________________ ____ . do _________ ________ . ___ - _. - - - - - - - - - - - - - - Leith, Andrew _____ __ . ____ _______ ______ _______ . Engineer examiner _____ ___ . __- - - -- - - - - - - - - - Plein, Leo N __________________________________ . ____ do __ ___ . ___ ___ ___ __ . ___ __ ____ - _- - . - - - - - - Mashburn, L. W _. __ ______ ____________ ________ Engineer. ________ _. ___________ - ___-- -- -- - - - ·w orthington, L. S _____________________________ _____ do __. ________ . ___ - _- - - - - - - - - - - - - - - - - - - - - Luther, Forrest_ __ ___ . ___ ___ ____ . _____ ._._ __ ____ Appraiser __________ . __. __ ____ - - - - . - - - - - - - - - -Considine, James W ______ ____ ___ ______ ____ . ___ Chief, Federal National Mortgage Association Section.
Rustin, PetE"r H _____ _____ __ __ _____ ____ . _______ Auditor ____ ___ _______ . - - -- - - - - -- - - - - - - -- -- -Robert, F. H_ ___________ ______________________ Engineer examiner __ . ____ _______ - - - - -- - - -- - 1
On leave of absence without pay.
Salary pi
month
$541.
541.
541.
541.
5-11.
541.
541.
541.
541.
541.
511.
525.
525.
525.
525.
,j25.
525.
520.
516.
500.
500.
500.
.500.
!500.
500.
fiOO.
500.
500.
500.
500,
500.
500.
51)0.
500.
.500.
,500.
500.
500.
500.
500.
500.
,500.
483.
I
4S3.
475.
475.
475.
_475.
475.
475 .
4fi6.
466.
466.
466.
458.
458.
458.
458.
458.
458.
458.
458.
458.
458.
I
458.
458.
458 .
458.
458.
458.
450.
450.
450.
450.
450.
450.
REPORT OF RECO~STRUC'TION FIXAN CE CORPORATION
73
rABLE
14.-,.Vames 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, 1940-Continued
W A.SHINGTON OFFICE-Continued
Name
Title
Safary per
month
------------------- -----
Joldin, Bernard E ______ _____ ___ __ ______ ______ Administrative assistant_ _____ ____________ . _
~lose, James W _______________________________ CounseL __________________________ __ ____ .. __
acobson, Harold E __ __ __ ___ __ _______ ___ ____ ____ __ __ do ___________________ _____ ________ _____ _
·o hnson , H. C' lay ___________ _______ __ . _________ _____ do . ____________ ____ _______ ____ __ ________ .
dills, J. Warner, Jr_ __________________________ _____ do ____ _____________________ _____________ _
doroney, James Callan________ __ ______________ ____ _do ___ . __ __ __ _____ ___________ __ _______ ___ _
IVeinstein, Samuel M _________________________ _____ do ________ ____ ____________________ ___ ___ _
Cigel berner. J. __________________________ . _____ Examiner _____ ____ ________________ _________ .
lerrmann, Herbert J __________________________ _____ do ______ __ ____________ _________ . ___ _____ _
Iuie, Byron s_____________________ _________________ do ________________________ __ ___ ________ __
I u b bard , S. A_ _______________________________ ____ _do ___ ________________ _____ ______________ _
IV ise, George E ________________________________ _____ do ________ ___ ___ _________ ________ ____ __ __
IV ill ia ms, T. A ________________________________ ___ _do ____ __ ________ . ______ ___ __ ___ ___ __ ____ _
)avis, Facius W ____ ____ __ __ _____ _____ ____ __ __ Chief, Interest Section ____________________ __
~base, John H ___ ____ _____ ___ _________________ Assistant chief, Statistical and Economic
Division.
~ielson, Leo _____________ ______ ._______________ Administrative assistant_ _____________ ______
II.foyer, William A __ . __________________________ Auditor __ ___________ __ ________ ____ _____ ___ __
ieil y, Robert F _______________________________ ____ _do _______________________________ ____ ___ _
Jailey. Lawrence M ___________________________ Field representative ________________________ _
3liss, Rodney M ______________________________ ____ _do ______________________________________ _
rerrat, Thomas L __________________________________ do ______________________________________ _
Ulen, Charles C_ ______ __ ___ _____ __ ____ __ __ ___ _ Supervising engineer _______________________ _
lahman, William F ___________________________ Engineer examiner ___________________ ______ _
1.1:cKenna, William F _________________________ CounseL __ _________________________________ _
A>scallett, George A ___ ________ ________________ Field representative ________ ___ _____________ _
~ulligan, Minot C __________ ____ _________ ___ __ Assistant to the secretary __ ____ ___ ___ _______ _
3aukhages, Frederick E., IIL _________________ Counsel. ______________________________ _____ _
Jongdon, E. P ________________________________ Engineer _________________ . _____ . _________ __ _
Joplan, Benjamin J ___________________________ Supervising engineer __________ .. ____________ _
~asley, Robert J ______________________________ Appraiser _________ ________________________ __
lalls, Frank C ____________________________________ _do ______________________________________ _
:lopkin, ,vmiam H. __________________________ Field representative ___ ________ ___________ . __
~add ox, A. K ________________________________ _____ do __ ______________________________ . __ ___ _
Bartow. John S _____________ .. __________________ Examiner ___________ ________________ ___ ____ _
=:obb, Culver, W __ _______ ________ _____________ _____ do __ -- -------- - ------- - --- - ----- - -- ----Joldsborougb, Phillips L ., Jr___ __________ _____ _____ do ________ ________ _______ ________ ______ _
Josnell, John A_________ ___ _______ ____ ___ _____ _____ do _____ _______ __ ______ ___ _________ _____ _
rarkson, Cullen G __________________________________ do __ ________ __ ____ __ ___ __ ____ __________ _
[eyes, Paul C _________ _________________ ____ _______ do ____________________________________ . _
~ewis, Lunsford L __ ______ __ _______ __________ ___ __ _do ________ ___ ____ _____ ___ ____ ____ ___ _._.
Palmer, Vernon D _____________________________ _____ do ____________ _________________________ _
Pierce, Leo A_ _____ _______ ____ _______ ____ ______ _____ do ____________________________________ __
;mart, Oman B _____ ___ ____ ___ ______ ___ ______ __ ___ . do _______________ .. ___________________ . __
;tafford, D. N. ________________________________ _____ do ____________ _______ __________ __ ______ _
;_~ee le, Hubert B ______________________________ _____ do _____________________________________ _
LOAN AGENCIES
433.33
433.33
433.33
433. 33
433.33
433. 33
433.33
433.33
425. 00
425.00
416. 67
416.67
416. 67
416. 67
416. 67
416.67
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
416. 67
416.67
416.67
416.67
416.67
2
Hlanta, Ga.:
Everett, M. E_ ____ __ ________ ________ ______ Manager ___________________________ . _______ _
Davis, W. J ___ _______ _______ _______ _______ Assistant manager _________________________ _
3altimore, Md.: Coke, William H ____________ Special representative _________ ______ ___ ____ _
~irimingham, Ala.:
Long, E. ,v _______________________________ Manager __________ __ ______ ____ __ ____ __ __ ____
Foy, Fred H __ ___ __ __ _________ ____·________ Assistant manager __________________ _______ _
!Joston, Mass.:
Hagerty, John J ___________________________ Manager ___ __ ____ ____________ __ ______ ______ _
Larkin, George E __ .. ______________________ Assistant manager_ __ ___ __________ __________ _
Griffin, Edward . __ __ __________ -·_____ _____ Counsel_ ________ _____ ____ _____ . ______ ___ . - - Jbarlotte, N. C: Campbell, John A., Jr__ ____ _ Manager _____ ________ ____ ____ ___ ________ _. -;bicago, Ill.:
Murchison, Frank M ______________________ ____ _do ____ ______________________________ - - - - Black, Craig O _______ . ____________________ Assistant manager_ ____ ____________ _____ _. __
Gregson, William F _______________________ ____ . do _______________ _____ ________________ . __
,valker, Lee ____ __ ______ __ _____ _______ ____ Office counsel.. _________ ______________ - - -- - Mattingly, B. Ar chi bald __________________ Special representative _______ ____ ____ . ______ _
Fordyce, "\\-'"illiam C ___ ____ ____ _____ ___ __ __ Examiner __________ ______ ____ __ ___ _______ ___
Hoel, M. 0 _______________________________ At tome y ________________ . _________ ___ ___ - _- Boysen, Louis K_ ___ __ __ ______ ______ ______ Examiner _____________________ . ___ ____ ___ ___
Mudgett, C . F ______ _____ ___ ____ ______ ____ Examiner ____ __ ___ __ ________________ . ____ ___ _
· Standish, M. L ____________________________ Office manager ____ ______ _______ _____ __. _____
Gill, Charles R ______ __ _____ ________ ______ _ Examiner __ : ____________ _______ ___________ __
~ elson, Harvey F _________________________ _____ do __ . ____ __ _____ ___________ __________ - . - 2
$441. 67
441. 67
441. 6i
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
441. 67
433.33
433.33
$541. 67
416. 67
458. 33
416. 67
416.67
750. 00
500.00
433.33
541. 67
833.33
666.67
583.33
791. 67
708. 33
625.00
625.00
500.00
500.00
500.00
458.33
458. 33
Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporation
lo not receive salaries but are paid in the customary way according to the character and volume of the work
~rformed and therefore are not included.
74
REPORT'OF RECONSTRUCTION FINANCE OORPORATION
14.-Names and compensation of directors, officers, and employees of t}
Reconstruction Finance Corporation receiving from the Corporation more tha
$400 per month, as of Sept. 30, 1940-Continued
TABLE
LOAN AGENCIES 2 -Continued
Name
Title
Chicago, Ill.-Continued.
Rueter, ·wnbert H ______ ________ __________ Examiner __________________________________ _
Fink, Sigmund A____ ___ __ _____________ ___ Attorney _____ ____ _____ ---------------------Allen, William S __ --- ---- --- -- ------------ _____ do ______________________________________ _
Wilson, Lewis D _______________________________ do _________ ______ ________________ __ _____ _
Bukowski, Peter L __ __________________ ____ Examiner _____ __ _____ ___________ __ ___ __ ____ _
Smith, Ernest R _______________________________ do ______________________________________ _
Tuohy, Arthur ____ ___ _____ ______ __ ______ _______ do _________ __ __ _________________________ _
Cleveland, Ohio:
Fraser, J. A _______________________________ Manager __________________ ________ __ _______ _
Davies, M. C _______________ ____ ______ ____ Assistant manager_ ________________ ________ _
Perkins, T. T _____________________________ _____ do _________________ __________ __ - - - - _____ _
Adams, J. R aymond_ _____________________ Examiner _____ _____ _________ _____ _____ __ ___ _
Dallas, Tex.: Glidden, L. B ___ ________________ ManageL-------- -----------------------~--Denver, Colo.: Hudson, Ross L ____________________ do _____________ _______________ ---- ---- __
Detroit, Mich.:
Hodgson, Raymond J __________________________ do ______________________________________ _
Fushman, Arthur J _______________________ Assistant manager _________________________ _
Nelson, Fred F ________ _____ ____ ___ ______ ______ _do ______________________________________ _
Marks, Charles B---- ----- - -- ------ - ---~-- Office counsel_ _____________________________ _
Houston, Tex.: McConnell, :rvr__ ________ ___ ___ Manager ____ _____ _____ ________ --- - - ------ --Jacksonville, Fla.: Far well, Fred H ________________ do ______________________________________ _
Kansas City, Mo.: Hodges, Frank _________________ do ______________________________________ _
Little Rock , Ark.:
Jarrett, J. W ______ ~--- - - ---- ----- - -------- _____ do ______ ________________________ ________ _
Stanley, J. H _____ __ _____________ __ __ ______ Assistant manager_ ______ __________________ _
Los Angeles, Calif.:
Haight, Hector c _________________________ _ Manager ___ _________ _____ ___________ __ _____ _
Angell, Romaine L _______ __ ____ _________ __ Assistant manager _________________________ _
Louisville, Ky.: Abell, J. Fort_ __________ ____ _ 11anager _________ ____ ______________________ _
Minneapolis, Minn.:
Clarke, China R _________________________ _ _____ do ______________________________________ _
Power, George c _________________________ _ Assistant manager _________________________ _
Petterson, Severt H ______________________ _ Examiner __________________________________ _
Nashville, Tenn.:
Gardenhire, J. M ________ ___ __ ______ __ __ __ _ Manager __ ________ __ _______________________ _
Davis, Lee ___ __ _---------- - ----- --------- - Assistant manager __ ____ ____ _______________ _
Kent, Paul J_ _________________ ----- _ ---- -- Examiner ___________ ___ ___ _____ _________ ___ _
New Orleans, La.:
Robertson, George W ____________________ _ Manager ___________________________________ _
Green, Justin _______________________ ______ _ Assistant manager _________________________ _
Goodman, Samuel J. _____________________ _ Agency counseL ___________________________ _
Glass, George W _______ ____________ __ ___ __ Special representative ______________________ _
New York, N. Y.:
Ahearn, Thos. J., Jr____ ___ _________ __ _____ Manager ________________________ ----- - -----Par ks, Tho mas E _________________________ Assistant manager ________ . ________ . _______ _
Farthing, William J _______________________ Examiner ________________________ . _________ _
Schneider, John Thomas _____ _____________ Agency office counseL ______________________ _
Evarts, Effingham____ _____________ _____ __ Assistant agency office counseL ______ ___ ___ _
Kavanagh, Thomas p __ ___________ ________ Examiner __________________________________ _
Summers, George__________________________ CoumeL _________ ________ ______ ___ ___ ___ ___ _
Callahan, Raymond R ____________________ Examiner __ ___ ____ __ _______ _________ _______ _
Stevens, Harry L __________________________ _____ do ____________ . _________________________ _
Letcher, J. M _____________________________ _____ do ______________________________________ _
Wilson, Russel T __________________________ _____ do ______________________________________ _
Frey, Charles L ________________________________ do ______________________________________ _
Jefferson, Howard M ___________________________ do _______ _______________________________ _
Linn, Henry A___________ _________________ CounseL ________ . ___________________ - _- _- _T elsey, Leon G ___ ___ __ ___________________ ___ ___ do __________________ ____________________ _
Chapin, George E ______ ___ _________ ___ ____ Examiner __________________________ ______ __ _
Sutherland, Conrad J__ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ CounseL. ________ ___ __ __ ___________________ _
Fields, Bernard _ __________________________ ____ _do __ ____ _____________________ __ ________ _
Fisk, Charles _________ __ ___ _____ ____ _._____ Examiner __________________________________ _
Williams, Ralph D _____________________________ do ___ ______ ________ ____________________ _
Oklahoma City, Okla.: Eagen, J. C ___________ Manager_ __________________________________ _
Omaha, Nebr.: Daniel, Herbert s ______________ . ___ do __ _______________________ - - - -- - ---- -- Philadelphia, Pa.:
Scott, E. Raymond ___________________________ .do ________________________________ -. ___ _
Wal ton, Henry F., Jr_ _ ___________________ Assistant ma nag:er _________________________ _
Batchelder, Harry B _________________ .. _________ do ___________ . _________________________ _
McCarthy, Arthur F ______________________ Office counseL ____ ____ _____________________ _
Portland, Oreg.: Kennedy, William____ _______ Manager ___________________________________ _
Richmond, Va.:
Gilmer, Henry G ________ _______________________ do______________________________________
Staples, E. W _____________________________ Assistant manager_________________ _________
Crump, W iJliam W _ _ _____________________ Office counseL ______________________________
San Antonio, Tex.: Montgomery, W. T _______ Manager ____ _______________________ ____ _____
Salary PE
month
$458.
433.
416.
416.
416.
416.
416.
833.
583.
500.
416.
500.
450.
708.
525.
441.
425.
450.
500.
600.
541.
416.
541.
433.
520.
541.
450.
441.
1
500.
525. 1
500. 1
1
625. 1
541.
541.
416.
833 . .
750.1
791. 1
708 ..
708 . .
625.1
500.1
500. 1
483. :
466.
466.1
458.:
458.:
458.:
458.:
450.1
441. 1
116.1
416. I
416.1
475.1
541.1
1
666.1
458.:
416.1
625.1
500.1
541. 1
500. I
458. :
450.1
~ Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporatio
do not receive salaries but are paid in the customary way according to the character and volume of the woi
performed and therefore are not included.
REPORT OF RECONSTRUCTION FINANCE OOR~ORATION
75
14.-Names and compensation of directors, officers, and employees of the
Reconstruction Finance Corporation receiving from the Corporation more than
$400 per month, as of Sept. 30, 1940-Continued
TABLE
LOAN AGENCIES 2-Continued
Name
Salary per
month
Title
.San Francisco, Calif.:
McCullough, John S., Jr__ ________________ Manager ____________________________ _______ _
Hossack, H. F __ - --- - ---------------· _____ Assistant manager_------------------------.:Seattle, Wash.: Grieve, G. B __________________ Manager ______ __ _____________ ______________ _
-Spokane, ,vash.: Ferguson, \Valter _________________ do _______________ _________________ _____ _
:St. Louis, Mo.:
Snyder, John "\'V __ ___ ____ ___ ___________ ____ __ ___ do ___ ____ __ ___________ ______ __ _________ _
Sain, Frank J _____________________________ Assista-::it manager _________________________ _
:san Juan, P. R.: N orregaard, ~ elson__ ________ Special representative _____ ________ ___ ______ _
$666.67
583.33
433.33
450.00
750.00
475.00
450.00
'Except as herein indicated, attorneys handling legal matters of the various agencies of the Corporation
<do not receive salaries but are paid in tbe customary way according to tbe character and volume of the work
performed and therefore are not included.
15.-Statement of cash receipts and expenditures Jan. 1, 1940, to Sept. 30,
1940, inclusive (Corporation's accounts with Treasurer of United States)
TABLE
1Cash balance at the close of business Dec. 31, 1939, as per the books of the treasurer of the
Corporation__ __ ______ ______ ____ ___________ ________ ____ ___ __ ________ __ __ ________________
Add: Checks issued prior to Jan. 1, 1940, canceled subsequent to Dec. 31,
1939 _____________________________________________________________________
$7, 855. 31
Add: Corrections of errors reported to the treasurer subsequent to Dec. 31,
1939_____________________________________________________________________
61, 961.38
$2, 210, 004. 22
69,816.69
Adjusted cash balance at the close of business Dec. 31, 1939 __________ _______________ _
Receipts:
Sale of notes_ _________________________________________________________ $4 7, 302, 395. 96
Repayments on loans:
To banks and trust companies (including receivers)___ ____ __ __________ ___ _____ ______ ___ __ ___ $12, 634, 623. 78
To credit unions________ _____ _____ _________ _______
1, 360. 00
To building and loan associations (including receivers) ________________________________________ _
806,765.17
·To insurance companies _________________________ _
319,54fi.96
To joint-stock land banks ___ ________ _____________ _
1,349, 116. 29
·To mortgage loan companies _____ ____ ____________ _ 19,086,356. 92
To agricultural credit corporations _____ __ ________ _
29,908.46
To railroads _____ __ ________ __ _______ ____ _________ _ 93,331,153.68
'To fishing industry ______ ___ ____ ___ __ ____ ____ __ ___
159, 946.68
'To business enterprises _____ ____ ___ _______ ___ ____ _ 23,674,206.70
For national defense _______ __ ____ ____ ____________ _
5,5, 330. 54
To mining, milling, and smelting business _______ _
172, 609. 40
-On assets of closed banks ____ _______ ___ ____ ___ ____
816, lll. 73
For self-liquidating projects (par $83,486,353.88) __ _ 81,886,237.72
For repair or reconstruction of property damaged
by earthquake, etc.:
Under sec. 201-a, act of July 21, 1932, as
amended ______ _____ ___ __ ________ ____ _______ _
14,732.77
Under act of Apr. 13, 1934, as amended:
Industrial and commercial business ______ _
174,769. 58
Other ___ ____ ___ __ ___ ____ _______ ________ ___
144, 834. 80
For financing sale of agricultural surpluses in foreign markets _____ ________ ______________________ _
58, llO. 00
For financing the carrying and orderly marketing
of agricultural commodities and livestock produced in the United States ______ ____ ___ __ ___ ___ _
155,750. 00
To drainage, levee, and irrigation districts _______ _
1,644,122. 39
To public school authorities _____ ____ __________ ___ _
4,500.00
Secured by preferred stock :
Insurance companies ___ __ ______ __ ______ ___ __ __
200,200.00
Banks and trust companies ____ __ ___ ..._ _______ _
1,075,079.88
237, 795, 372. 45
:Preferred stock, capita] note, and debenture retirements ______ _______ _ 38,768,615.92
Sale of securities purchased from Public ¥lorks Administration ______ _ 19,806,969.49
Funds .of other governmental agencies:
The RFC Mortgage Company ____________ _______________________ _
6,699,128. 78
Disaster Loan Corporation ______ _____ _____ _______________ - __ _- _- - 3,828,124. 66
Federal National Mortgage Association _______ ___________________ _ 17,787,253.97
Export-Import Bank of Washington _____________________________ _ 30, 000, 000.00
Commodity Credit Corporation _________________________________ _ 460,001,575.82
Metals Reserve Company ________________________ _______ ____ - _- - 5,000, 000. 00
Rubber Reserve Company _______________________________ - __ - - _- - 2,000,000.00
Defense Plant Corporation ______ __ __ ____ __ ____ __ __ __ _____ - __ - - - - - 1,000,000. 00
Interest and discount collected ___ __ ____________ ______ ________ - _- _- - - - - 27,363,954.35
preferred stock
purchased (including interest on_
D!vide_nds
col~ected___on_____________
1nter1mrece1pts)
___________________________________
9,470,598.28
Interest collected on capital notes and debentures _________ ___________ _
3,624,998.69
Commitment fees of The RFC Mortgage Company __________________ _
788,857. 92
2,279,820.91
76
REPORT OF RECO~STRUCTION FI~ANCE CORPORATION
15.-Statement of cash receipts and expend1Iures Jan. 1, 1940, to Sept. 30,.
1940, inclusive (Corporation's accounts with Treasurer of United States)-Con.
TABLE
Receipts-Continued.
Accrued interest on notes sold __________________________________ ___ ___
Premium on sale of securities purchased from other governmental
agencies-- -- --------- - ---- - -- - -- -- ---------------- - --- -- - --- - ------Interest, to date of purchase, on securities purchased from other governmental a[lencies _________ ___________________________________ __ __ _
Reimbursable expense collected _______ ___ ________ ________ _____ _____ _
Repayments on ad vanees for care and preservation of collateral ____ ___
Liquidation of assets acquired through foreclosure and settlements ____
Premiums on securities sold ________ _____ _______ _____ __ __ ___ _______ __ _
Remittances held in suspeme _____ ----- -- -------- -- --- -- -- - ---- - --- - U nalloeated- pending ad vices ___ ____ ______ ______ _________ ____ ___ ___ __
Miscellaneous (including nmounts credited in error) __ __ _______ ______ _
$1,165. 06
2,584,172.30
20,093.21
1.408, i17.33
722,6ln.93
3,9f)0,879.28
5.433, l!ii.84
3-l. 036, i79. 19
1. 851. 631. 39
1. H 1. 065. 89
- - - - - - - $962, 668, 724. 7l
9G4, 948, 545. 62"
Expenditures:
Reti!"emen t of notes __ ______________ _____ ______ ______ _____________ ____ _ $51,853,445.50
Loan disbursements·
To banks and trust companies (including receivers)_
$39G,902. 92
To building and loan associations _____ ____________ _ 2,134. 733.82
To joint-stock land hanks _____ __ _____ ___ _______ __ 1, 371. 389. 29
To mortgage loan companies ___________ ____________ _ 3.5.455. 213.42
To railroads ___________ ___ ________ ___ ____________ __ 114, 762, 561. 00
To business enterprises ___________ ___ ___ ___ ___ ____ _ 24,814,996.10
For national defense ____ ____ __. _______ ___________ _ 4, 899, 716. 35
To mining, milling, and smelting business _______ __ l, 157,009. 40
On assets of closed banks ___ ______ ___ ___ _______ ___ _
2~2.024.07
For self-liquidating projects ( rar $43,009,300) __ _____ 41,308,183.84
To drainage, levee, and irrigation districts ___ ___.. _ L 408,094. 64
To public school authorities _____ _________ _______ _
285,675.00
To Secretary of Agriculture for farm rehabilitation_ 10,000,000.00
Secured by preferred stoc-k-banks and trust companies__ _______ ____ ________ ______ ________________ 27, 47n. 800. oo
- ---- - - - 26,5. 753, 900. 15
Purchases of preferred stock and debentures-Banks and trust companies_ _____________________ ______ _____ ___ ____ ____ ______ _____ ____ _ 42.365,405.00
Purchases of securities from Public Works Administration __ __ __ _____ _ 15. '.316, 116. 67
Purchase of stock of Metals Reserve Company _____ ____ ____ _________ _
.5, 000, 000. 00
Purchase of stock of Rubber Reserve Comp:lny ________ __ ________ ___ __
2,000,000.00
Purchase of st0ck of Defense Plant Corporation . _. __ __ . ___ ___________ _
1,000, 000.00
Withdrawal of funds by other governmental agencies:
The RFC Mortgage Company ___ ____________ __ _______ ____ ______ _
6,451,198.88
nisaster Loan Corporation _____ __ __ _____________ ____ ________ ____ __
4, 660, 371. i3
Federal National Mortgage Association _____________ ___________ . __ 16,767,253. 25
Export-Import Bank of ,,~ashiugt.on _____ __ _____________ __ ___ ___ _ 15,450,000.00
Commodity Credit Corporation ___ __ ______ ____ ____ -- --- - --- -· __ _ 360, 3:n, 628. 21
Metals Reserve Company __ _____ ___ _______ ____ __ ___________ _____ _
4, 478, 191. 22
Defense Plant Corporation ___ ____ ____ __ __. _____ __ ___ ____ ___ ___ . __
Jo3,502. 14
W ithdrawa 1 of cash collateral by borrowers _______________ ___ __ ___ ___ _ 24,100,000.00
Allocations:
To Fecteral Housing Administrator_ . __ . __ _. ______ _ $4,640,306. 25
For expenses, regional agricultural credit corporations_ __ ____________ __ __ ____ ___ ____ __ ____ ____ ______
273, 1300. 00
· ,P nrchase of stock of Disa5ter Loan Corporation_____ 2, 000, 000. 00
Administrative
expense-Regional
agricultural
credit corporations_. ___ .__________ __ ______________
700. 00
6,914.606.25
Advances for care and preservation of collateraL ___ _____ ___ __________ _
$758,760.25
Advances for care and preservation of securities purchased from Public
W arks Administration _____________________________________________ 612,453.38
Expense of servicing securities purchased from Public Works Administration _________________________ __________________________________ _
1133, 251. 04
Assets acquired through foreclosure and settlements, including expense,
advances for care and preservation, and refunds ____________________ _
507,403.39
Accrued interest on securities purchased and refunds of interest and
dividend overpayments _______ ______________ ______ _________________ _
1. 201,360.83
Release of funds held in suspense _____________ _______________ - -- _- -- -7, 455, 84E,. 04
Interest on notes _______________ __ _______ _____ _______ __ ____ ____ _______ _
7,270,450.20
0 ther in tercst _____ __________ __ __ _____ ____ _____ __ __ ____ -- - - - - - - -- -- -- -280,840. 99
Furniture and fixtures _________ ___ __ ____ __________________ _- ___ - - - -- -78,594.87
Expense-General __ ____________________ _____________ _._ ______________ _
i, 138,048.45
Reim bu nab le expense __ ____ ______ ___ __ _______ _____________ ___ -- _- - - -1,582, 900.16
Miscellaneous (includinl?' refunds and adjustments for amounts credited
in error) ___ __ ___ ___ _____ _______ _______ __ __________ ____ ____________ __
1. 138, 999. ms
Cash balance at the close of business Sept. 30, 1940 _________________ _
850,794,526.74
114,154,018.88
NOTE .-In adrlition to funds on depo5it with the Treasurer of the United States, custodian banks and
trustees held in Suspense funds which amounted to $779,827.31 at the close of businesi:; Dec. 31, 1939, and
$386,863.56 at the close of business Sept. 30, 1940.
REPORT OF REC0~STRrCTI0N FI:\'ANCE CORPORATION
TABLE
77
16.-Statement of condition as of the close of business Sept. 30, 1940
ASSETS
Cash:
General account ___ ______ . ________ __________________ ____ ______ ___ __ $114,009,868.11
Expense :iccount_ _. ___ .... __ __. .. __ ___________ ________ _____ _______ _
144,150.77
386,863.56
Held by custodian banks and trustees . __ ... _. __ . __ ... . .... . . ___ .. _
Petty and other _______ ___ ____ ______ _________________ __ ___ __ ____ ___
24,400.00
U. S. Go,·ernment securities (par) . ____ ._ .. ______ ____ __ __________ __ ______ ___ ____ ___ ___ _
Allocations:
To Federal Housing .-\.dministrator _.. . ____ .. . _____ .. . ___. ____. _.. _ $1, 000, 000. 00
6i, 000. 00
For expenses. regional agricultural credit corporations . __. . . . . _. _.. __
Loans ___ . ______ . ______ . _. ___ . ___ __ .. ___ ___________________ __ ___ ________________ _____ ___
Preferred stock, capital notes and debentures:
Banks and trust companies . __ . __ __ _. . _____ .. ___ . _. __. ___. ____ _.. _ $533. 841, 465. 16
100, 000. 00
Insuranc~ company _____ .. ___ __ .. ____ . _______ . ___ . _.. ____ __ . _- . _- . _
2. 544. 87
Installment sales contracts. ________ ________ __. ____ - ___ _. - __. ___ . __.
$114,565,282.44
48,558,100.00
1,067,000.00
1, 200, 157, 68.1. 76
533, 944, 010. 03
Capital stock:
The RFC 1Iortgage Company ___ ______________ __ __ ______ ___ ______ _ $25,000,000.00
Federal National Mortgage Association __ ______ ______ __ ._ ._. __ . _. . _ 11,000,000. 00
Metals Reserve Company ____ __. __ ________ ____ _____ . __ _____ _____ __
5,000,000.00
Rubber Reserve Company __ _____ ___ ___ ______________ ___ _._. __ _. _._
2,000,00000
Defense Plant Corporation . ______ ____ ______ ___ ____ ___ __ ___ ______ . __
1,000,000.00
Securities purchased from Public "\Yorks Administration . ___ ___. __________ ___ ______ ___ _
Notes and accounts receivable ___. ___ ___ ___ __.. ___ __ _____ _______ __ _________ _________ __ _
Advances for care and preservation of collateral, etc __ __ . _. ___ . __ ___ __ . ______________ ___
Property acquired in foreclosures and settlements (original cost, advances for care and preservation and expense) .. __ . _____ ._ . . ____ __ _. __ $42,678, 189. 23
17, 0S9, 517. 69
Less proceeds of liquidation and income ______________ __. _____ . __ .__
44,000,000.00
116,216,321.83
544,814.30
1, 259, 104. 88
Accrued interest and di,idends receivable _______________ ___ ___ __ __ __________ __ ______ __
Reimbursable expense. ___. __. ___ . __ ____ _______ _________ _________ ___ _______ ________ ____
Furniture and fixtures (less depreciation) _______________ _______ __ _. ______ ___ ____. . ____
Other _____ _________ ______ ____ ___ _____ _____ ______________________ ____ _________ ___ _____ __
25, 588, 671. 54
27,293,170.42
1,216,183.54
476,185.78
2, 686, 662.85
Total __________________ ________ ____ ___________________________________ ___ ________
2,117,573,193.37
LIABILITIES
Notes (~eries N, P, R, and S). ____________ . ______________ ________ ____________ ______ ____
Liability for funds held:
Cash collateral __ _. _____ . . _. . ____ _________________ _____ . __. __ . ___ .__ $12, 999. 8fi3. !i6
For other governmental agencies . _. ___________ ______ _. _____ ____. ___ 145, 902, 205. 20
1,096,557,000.00
Receipts no~ allocated pending ad ,·ices from fiscal agents ___ ___ ____ . __ ____ _____ __ __ __ ___
Other liabilities (including suspended credits) ____________ _____ __ ___________ _______ ____ _
Interest and dividend refunds payable ______________ ______ ______ ___ ____ _____ ____ _____ _
Accrued interest payable ___ . ___ __ _____ ___ _______ _________ __________________________ ____
Deferred credits ________________ __ ______ _________________ __ _______ ___ _________ ______ ____
Capital stock _______________________ _____________________ __ ____ _____ ______________ ____ _
Reserve for losses and contingencies. _____ .. __________________ ___ __________ . __ ______ ___ _
Reserve for self-insurance ___ . ___ . _. ____ ________________ _____ ___ ____ ______ _______ ___ ___ _
Surplus ________________________ ______ ___ _________________ ________ __ __ ________ __ ____ __ _.
158, 902,0fi8. 76
1, 85L 631. 39
25,694,933.47
11,932. 49
3, 861, 112. 92
26, 410, 824. 96
-500,000.000.00
125,000,000.00
2,'i0, 000. 00
179,033.689. 3~
Tota'------------------------- - ---------------------- - ------ - --------- - ------ -- --
2,117,573. t93.37
MEMORANDUM
Undisbursed authorizations and conditional agreements to make loan~. purchase preferred stock and debentures, etc . (including $927,381.46 agreed partic..:ipation by third
parties) ____ ______ ___ _______ ____ ______ __________________ ______ ____ ________ _______ ____ _
Undisbursed allocations to other governmental agenciPS (including advances under 1933
Relief Act) 1 _ . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___ ___ __ ____ _ _ _ _
Undishursed authorizations for advances for care and prPservation of collat.f·ral, etc _____ __
1,139,966,645.22
Total. ____________ . ____ : _____ __ ____ _________ ________ __ ___. ___ ___________ _______ ____
1,445,369,589.94
305, 066, 331. 36
336,613.36
In addition the Corporation is required:
Under the provisions of sec. 3 (a) of an act approved June 16, 1934, (Public. No. 3f)2, 73d Cong.), to purchase
debentures or other ohligations of the FPdNal D eposit Insurance C or poration, upon its request. up to but not
exceeding $250,000,000. The Corporation has not been called upon to purchase any such obligations.
lJnder the pro,·isions of sec. 4 of the Xational Housing Act, to make availabl e such funds as the F ederal
Housing Administrator may cleem nec"'ssary.
Under the proYisions of Pu blic, No. 5, of the 75th Con g., as anwndecl, ?-.far . .J-, 1939, to purchase nonasscssable capital stock of the Disast Pr Loan Corporation, upon it<; rcqul'st. up to hut not exceeding ~40,000,000.
The Corporation hA.s purchasNl. such stock to the extent. of $24,000.000.
Under the provisions of sec . 201 (e ) of the Eml'rgpncy R r-lit>f aucl Construction Act of 1932, anrl sec. 33 (b)
of the Farm Credit Act of 1937. to pay all expenses incurred hy th p regional aczricultura l creflit corporations.
Under the provisionc, of an act approved Feb. ~1. 193~ (Public. "'fo . 432. 75th Cont!;.) the f::;ccretary of the
Treasury has canct>led the Corporatio;i 's notes iu the· amount of $2.720,0\-II ,0:-3 .f,3 on account of amounts
disbursed by the Corporation as alloc.:i.tions to other go w rnmenta l ag-cncie~ and fc,r rPiief, by direction of
Congress, administratin' exrense in connr etion therewith and the interest naid on funds borrowed for these
purposes. All eYidences of ind ebtedness with respect to such advances have been deli vered to the Secretary
of the Treasury.
This statement of condition does no~ take into consideration expenditures incurred but not paid by the
Corpcration at the close of business Sept. 30, 1940.
1
0
@FedFRASER