Evening star., 1937-10-09
D. c. SAV|NCS-L0AN
ASSETS INCREASE
Washington Included Among
Nearly 80 States Show
ing Big Gains.
8csN&al Dispatch to The Star.

8oeAtAl DlSpafch 10 The star
LOS ANGELES. october a--More
than half the States increased their
aggregate assets in savings, building
and loan associations during the year
ended January l. H. F. Cellarius, sec
retarv- treasurer of the United States
Building and Loan League, reported
10 the leagues forty fifth annual con-
vention, which closed here today. He
said that the District of Columbia,
Ohio. Florida. New York. Minnesota
and North Carolina out of the total
ef ~ gaining States, had increases
over s5.00O,00O each.
Giving the first public analysis Of
me financial position of the thrift
and home financing business as Of the
first of this year, Cellarius said that
the total assets in these institutions
In the Continental United States,
Hawaii and Alaska were s5.625 .083 $50
M Of January /. There were l0.256
different associations and they had
e12s,a7l individuals as their members,
investing or borrowing
Total for United States Down.
Although ~ States increased as
acts, the total for the country was
down IS per cent from the previous
yesrs end. This compares with a
shrinkage Of 81 per cent the year
before. The slackening pace of the
liouidating process in this field is also
seen in the fact that the number OF
members showed a decrease Of less
than a million this wear. while it WAS
i320.S79 the year before
For the first time since the depres-
sion. the real estate held by the as
sociations decreased for the year end
ing 1886 by \ total Of S72.S37 .628.
the total assets than it had been at
the end Of 1898. Percentage was down
tn 10, as compared with 1914 last
year.
Reserves now account for 108 per
cent Of total liabilities and uptrend
from the los per cent at the end
Of the previous year Total reserves
were ssos, ,e43.1o6 at the beginning of
the year.
The safety percentage of invest
rents in the associations increased
materially during the year Reported
by Cellarius at 1884 per cent of total
resources. this compares with 9a73
per cent the previous wear. The total
liabilities involved in associations
which closed their doors during 1886
were the smallest since the record
began to be kept in 1890.
1913. Decrease Seen.
~The substantial decrease Of real
estate owned in 1895 is likely to be
repeated by the end Of the present
year said Cellarius. AT the same
time rising rentals are causing more
and more properties to become earn
ing assets instead of drains on other
association income In some cases
resl estate is earning a fairly sub
stsntial net return on its book value
already.
Nineteen thirty-seven is witnessing
. definite Improvement in the saw
tnns. building and loan business. a
more marked improvement than that
IN any wear since the business began
to encounter serious problems in the
latter part of 1890"
The secretary treaSurers report
showed that the associations were
using $204. 4.957.951 of advances from
the Federal Home Loan Bank system
rs of the end Of 1896, compared with
sle3,304.s63 at the end of 1885. The
chart showed that the entire liability
for borrowed money by these thrift
and home financing institutions is
now tn the Federal Home Loan Bank
system and to no other type of lend
ing agency.