Evening star., 1937-10-02
S6S,539,O()0 HOME
FUNDS LOCATED
August Figures of AssoCia-
tions 22 Pct. Above Same
Month Last Year.

Active savings, building and loan
associations in the United States made
new home mortgage loans during
August totaling S68.539,000, an in
crease of % per cent as compared with
&56.l34,00O in August, 1886, it was
reported today by the Federal Home
Loan Bank Board.
OF the aggregate loans, $23 ,584 900
was for the purchase of homes; Sl9.-
473, 900 for construction of new dwell
ings; s14,746,o00 for refinancing; $4,-
100000 for reconditioning homes, and
$6.229, 900 for other purposes.
State chartered building and loan
association members of the Federal
Home Loan Bank System increased
their total new mortgage loans for
all purposes % per cent in August as
compared with the same month last
year, the monthly figures being $780,
$4,000 for August this year and
$23,871 900 for last year. New loans
written by Federal savings and loan
associations in the country aggregated
1927, 1920. 900, a 26 per cent increase from
the figure of S2l ST. 900 in August,
1895.
Non-member State chartered build
Ing and loan associations made total
new loans amounting to $l0,627 900
in August as compared with $l0,692,-
900 year ago.
Pittsburgh District Leads.
The district of the Federal Home
Loan Bank of Pittsburgh. embra cling
Pennsylvania, Delaware and West Vir-
einia, led all other Federal Home Loan
Bank Districts in the increase in
August lending over August, 1886, with
48 per cent jump.
The boards figures, compiled by its
Division of Research and Statistics,
cover the new leading activities of all
OF the active associations in the
United States. Those associations
which are inactive for various reasons
are not included in the monthly survey
OF the board.
The August compilation revealed
that new loans made by active associ-
ations were per cent under the July
figures for this year New lending
OF these thrift and home financing
institutions continues to hold up well
despite the drop in construction in
most parts of the country
Totals for Districts.
Loans made by all active savings
building and loan associations, includ-
ing State-chartered members. Fedora
members, and non-members. by Fed
eral Home Loan Banks districts during
August, were as follows:
Boston maine, Vermont New
Hampshire, Massachusetts,, Connect
icut and Rhode Island) s6.578.000 as
compared with s5,753, 900 in August
1896, an increase of IA per cent.
New York New York. New Jersey
Puerto Rico and the Virgin Islands,
s5.023.00O and s4,692 900, increase 7
per cent.
Pittsburgh tPennsylanvania, Della
ware and West Virginia. 1894. .00O
and s2,5os,O00, increase 48 per cent.
Winston-Salem maryland. District
OF Columbia. Virginia. North Carolina,
South Carolina, Georgia. Alabama and
Flordia) s9,435, 900 and S8,246, 900, in
crease IA per cent.
Cincinnati Tennessee, Kentucky
and Ohio s10,765 900 and S7,73l ,00C
increase SO per cent.
Indianapolis michigan and Indi-
snal s4,046.000 and $3,045, 900, in
crease 33 per cent.
Chicago Up 80 Per Cent.
Chicago illinois and Wisconsin,
&7.534,o00 and s5,430,0OO, increase SO
per cent
Des Moines (Iowa, Minnesota. Mis-
souri,, North Dakota and South
Dakota s4,S44,OO0 and s4,3lO,OO0, in
crease u per cent.
So Little Rock arkansas Mississippi
Louisiana, Texas and New MeXico)
s3,704,000 and S3,486 900, increase 6
per cent.
Topeka Nebraska, Colorado, Kansas
and Oklahoma) s4063.O 900 and s3,-
7o6, 900, increase 10 per cent.
Portland Montana. Wyoming
Idaho. Oregon. Washington and
Alaska s2.9S6,oOO and s2,632 900, in
crease l3 per cent.
Los Angeles Nevada. California
Arizona and Hawaii s5,727,0 900 and
$4,515 900, increase 81 per cent.