Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-10-12
-FOUR PASS 10000
MARK FOR LOANS.
Financial Institution With
39,068 Extensions Tops
MOdernization Drive.

Four financial institutions making
nlodernization loans insured under
the provisions of the national houS-
3nc act have passed the 10000 mark,
il was disclosed today at the Federal
Housing Administration.
First Bank Credit Corp, OF st. Paul,
leads with 39,O6S loans totaling, in
round figures, S9,579000, with Bank
of America of California in second
place with 22,S73 loans. totaling So
$4,000 National City Bank OF New
York is third, with 1880 loans, total
ing S7,slO,000, while Heating, Plumb
ing & Finance Corp. Of New York. in
fourth place with 10,573 loans totallng
S5.477, 900. All of these institutions
represent individual groups, each max
ing loans through a number OF
branches.
Although it occupies fifteenth place
In the list, Industrial Bank & Trust
Co. of St. Louis leads all individual
banks with 2,970 loans for total OF
Sl,lO2.O00. Second highest Of the
individual bank groups is the Man
chester Bank of St Louis with l,487
loans, for total of S723,00O.
So Exceed 1000.
Altogether there are 80 financial IN
situations In the country which have
made more than 1000 modernization
loans each. Included are 10 credit
companies. These comprise 1874 ,598
loans for a total of S66. 708 900 through
August 81, 1885. This total number
of loans is about 81 per cent Of all
modernization and repair notes OF
$4,000 and under. The dollar volume
is about so per cent of the total of
all such notes. There are 1895 ap-
proved financial institutions eligible
TO make modernizatlon loans under
the Housing Administrations plan.
Prior to enactment of the law, less
than $50 institutions made this type
OF loan.
The leading 38 financial institutions
and their totals are:
First Bancroft Corp, st. Paul,
s9,o68 loans. S9.5e7 ,O67.15; Bank of
America National Trust g. Savings
Association, San Francisco, 22,S73
loans, S8,543,00759 National City
Bank of N. Y, New York City, 1880
loans, s7,9l0,O1295; Heating. Plumb
ing & Finance Corp, New York City,
10,573 loans, S5,477, 237.74; Con-
sumers Credit Co, Los Angeles, Calf,
1856 loans. s3,088,59666; American
Trust Co., San Francisco, 1928 loans,
S2.676,623.O2: Security First National
Bank, Los Angeles, 1910 loans. S.
e84.365.57; Morris Plan Industrial
Bank, New York City, 1896 loans,
s2,39e, sos 81; Holland Credit Co, Hol-
land, Mich, 5,973 loans, Sl,758,32l;
Johns Manville Credit Corp. New
York City, 5,967 loans, S2,094,29l. 56;
r. & S. Purchase Corp, New York
City, $3.50 loans, s1,7lO,1a17O; Sears
Finance Corp, Chicago, Ill, 4,667
loans, 81, 6s9, 403.s3; Stratford Accept
ance Corp. Stratford, Conn, 4,l97
loans, s1,301 1924.
Additional Firms.
Union Planters National Bank &
Trust Co., Memphis, Alb loans,
$780, 2469; Industrial Bank & Trust
Co., st. Louis, 2,970 loans, S1,102,-
S46.44; Timken Acceptance Corp, De-
troit, 2,627 loans, $3.50, $40 81; Valley
National Bank of Phoenix, Phoenix,
Ariz., 2,608 loans, S929, 347 .9S: Bank
of the Manhattan Co., New York City,
1927 loans, $1,248,0437S; First Ma
tional Bank, Seattle, 2,187 loans, $685.
1880; Residential Finance Co. San
Francisco, 1912 loans, s458,168.30;
National Shawmut Bank, Boston.
1910 loans, S69801750: Bird Finance
Corp, East Walpole, Mass, 1905 loans,
S649, 5000; Housing Credit Corp,
Cleveland, 1,738 loans, s1O2,138.36;
California Bank, Los Angeles, 1907
loans, $3.50, o5942; Fidelity Union
Trust Co., Newark, l,517 loans, $685.
1876; Manchester Bank of st. Louis,
St. Louis, 1,487 loans, s723, 1886.
First National Bank of Atlanta,
1888 loans, S554595.95; Industrial
Morris Plan Bank, Detroit, 1853 loans,
S641, 433.38; First Bank g. Trust Co.,
South Bend, Ind, 1851 loans, S307,-
108O6; First National Bank of Port
land, Portland, Greg, 1851 loans,
S343,213.34; Southwest Bank of st.
Louis, st. Louis, 1,215 loans, $685.
$685.; the Morris Plan Bank, Balti-
more, 1,189 loans, $482, 1851; United
States National Bank, Portland,
Greg, LAP loans, S402 ,046 81; Morris
Plan Bank of Virginia, Richmond. Va,
1869 loans, S442, 72575: Iowa Des
Moines National Bank & Trust Co.,
Des Moines, Iowa, 1903 loans, $780,
85168; First National Bank of Idaho.
Boise, Idaho, 1,O46 loans. 1898, 1872. AT;
Mississippi Valley Trust Co.. st. Louis,
1921 loans, S412,915.55; West Side
Trust Co., Newark, 1908 loans, S346,-
654.47.