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Nail Appointed as Calcasieu National Bank Conservator March the Calcasieu National Bank and its branches Lake announced today office of the comptroller the currency. Affairs Conservator's Hands LAKE CHARLES. March made here today that under lons National Banking Act. affairs of the Calcasieu National Bank here and its branches been placed in the hands of pending completion any arrangement which may be deemed with reference to future plans of the institution.
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Missouri $168,644,166 ADVANCED BY Report RFC IN MAY Aug. reconstruction corporation reported Tuesday that it authorized advances in May aggregating $168,644,166. The report showed that loans authorized to banks and other financial institutions at per cent interest totaled $57,512,410. Other large advances authorized included $41,820,000 for subscription to preferred stocks in banks: $45,000,000 for the Home Owners' Loan corporation; for bank debentures: $7,619,576 in loans drainage and irrigation projects. The balance was relief and other government purposes. Banks Get Aid Of the authorized in loans, $32,698,236 went to banks and trust companies, including 330 to aid in the or liquidation closed institutions, and $22,048,883 to mortgage loan Among some of the larger loans banks were: United States bank ceiver, Washington, D. Trust and Savings bank, receiver, $2,500,000; West Side Trust and bank, receiver, Chicago, $1,500,000: Calcasieu National bank, Lake Charles, Commercial National bank of Philadelphia, conservator, Of the loans authorized to mortgage loan companies, was the Electric Home and Farm Authority at Chattanooga, Tennessee; to the Santa Ana Mortgage Investment Santa Ana, California; and 000 to Textile Industry Mortgage company in New York City. Authority for loan at four per cent the Board Deposits of Wisconsin Madison granted, out no part of this sum had been disbursed up May 31. Authorize Purchase Subscriptions on preferred stock in banks included: Central United National bank, Ohio, $8,000,000, and the City National Bank and Trust company, Columbus, Ohio, $1,000,000 The corporation authorized in debentures of the Mississippi Valley Trust St. Louis, and loan $3,500,000 on the stock of the Globe and Rutgers Fire Insurarce company the Globe ReNew York, none of which had been disbursed up to May 31.
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$168,644,166 ADVANCED IN MAY RFC WASHINGTON, Aug. corporation reported reconstruction that it authorized advances Tuesday in May aggregating $168,644,166. The report showed that loans authorized to banks and other financial institutions at per cent intotaled $57,512,410. Other terest large advances authorized included $41,820,000 for subscription to prestocks in banks; $45,000,000 ferred for the Home Owners' Loan corporation; $5,455,500 bank debentures; $7,619,576 in loans to drainand irrigation projects. The balance was for relief and other government purposes. Banks Get Aid Of the $57,512,410 authorized in loans, $32,698,236 went to banks and trust companies, including 330 to aid in the reorganization or liquidation of closed institutions, and $22,048,883 to mortgage loan companies. Among some of the larger loans authorized to banks were: United States Savings bank, receiver, Washington, D. Northwestern Trust and Savings bank, receiver, Chicago, $2,500,000; West Side Trust and Savings bank, receiver, Chicago, $1,500,000; Calcasieu National bank, Lake Charles, Louisiana, Commercial National bank Philadelphia, conservator, $2,540,000. Of the loans authorized to mortgage loan companies, $10,000,000 was the Electric Home and Farm Authority at Chattanooga, Tennessee; to the Sants Ana Mortgage Investment company, Santa Ana, California; and $1,000,000 to the Textile Industry Mortgage company in New York City Authority for loan of $2,500,000 at four cent interest to the Board of Deposits of Wisconsin at Madison was granted, but no part of this sum had been disbursed up to May 31. Authorize Purchase Subscriptions on preferred stock in banks included: Central United National bank, Cleveland, Ohio, $8,000,000, and the City National Bank and Trust company, Columbus, Ohio, corporation also authorized purchase of in debentures the Mississippi Valley Trust company, St. Louis, and loan on the preferred stock of the Globe and Rutgers Fire Insurance company to the Globe Rehabilitation company. Ltd., New York, none of which had been disbursed up to May 31.
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RFC Loans in May Hit $168,644,166 Of This Bank Group Gets $57,512,410 WASHINGTON, Aug. The Reconstruction Corporation reported today that it authorized advances in May aggre$168,644,166. gating The report showed that loans authorized to banks and other financial institutions at per cent intotaled $57,512,410. Other terest large advances authorized included $41,820,000 for subscription to ferred stocks in banks; $45,000,000 for the home corpora455,500 for bank debentures; $7,619,576 in loans to drainage and projects The balance irrigation was for relief and other Government Of the $57,512,410 authorized in loans, $32,698,236 went to banks and trust companies, including $28,615,330 to aid in the reorganization or liquidation of closed institutions, and $22,048,883 to mortgage loan companies. Among some of the larger loans authorized to United States Savings Bank ceiver, Washington, D. C., $1,080,000: North- Western Trust & Savings Bank, receiver, Chicago, $2,500,000; West Side Trust & Savings Bank, receiver, Chicago, $1,500,000; Calcasieu National Bank, Lake Charles, La., National Bank of Philadelphia, conservator, $2,540,000. Of the loans authorized to mortgage companies $10,000,000 was for the Electric Home and Farm Authority at Chattanooga, Tenn.: $2,382,493 to the Santa Ana Mortgage Investment Co., Santa Ana, Calif., $1,000,000 the Textile Industry Mortgage Co., New York Authority for loan of $2,500,000 at per cent interest to the board deposits of Wisconsin Madison was granted, but no part of this sum had been disbursed up to May Subscriptions on Preferred stock in banks included: Central United National Bank, Cleveland, O., $8,000,000, and City National Bank & Trust Co., O., $1,000,000. The also authorized a of $1,500 000 in debentures of the Mississippi Valley Trust Co. St. Louis, and loan of $3,500,000 on the preferred stock of the Globe & Rutgers Fire Insurance Co. to the Globe Rehabilitation Co., Ltd., New York, none which had been disbursed up to May 31.