CONTENTS

S. 2287. An act to amend the Reconstruction Finance Corporation Act, as

amended, and for other purposes.

H. R. 5129. A bill relating to the taxation of certain property owned by

the Reconstruction Finance Corporation...

H. R. 5637. A bill to amend the Reconstruction Finance Corporation Act,

as amended, so as to eliminate the exemption of certain real property of

the Reconstruction Finance Corporation from State, Territorial, county,

municipal, and local taxation___

Statement of-

Coogan, Thomas, secretary, National Association of Home Builders.

Corry, Edgar C., Jr., national commander, American Veterans of

World War II..

Creswell, Jay, president, Pneumatics, Inc., Plymouth, Ind__
Goodloe, John D., Chairman, Board of Directors, Reconstruction
Finance Corporation_ -

Johnson, Hon. Leroy, a Representative in Congress from the Third
District of California.

Kenyon, E. A., Assistant Director of Corporation Audits
Lyle, George D., chairman, Michigan Veterans Housing Committee__
Neel, Samuel E., counsel, Mortgage Bankers Association of America
Northup, H. R., secretary-manager, National Retail Lumber Dealers
Association.

Weitzel, Frank H., Assistant to the Comptroller General_
Westfall, T. B., accountant.__

Additional information submitted for the record:

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6, 109

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Bakke, Norris C., Assistant General Counsel, Federal Deposit Insur-
ance Corporation, letter of January 13, 1948, to Lewis M. Stevens. 10, 35
Dineen, Robert E., superintendent of insurance, State of New York,
letter of January 16, 1948, to Hon. C. Douglass Buck....

Federal National Mortgage Association mortgages, information on—

Commitments for purchase, authorized..

11, 32

117

Contracts purchased.

117

Applications and dispositions, by months, 1947 and 1948_

Applications and dispositions, March 1948.

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Financial statement, June 30, 1947_.

118

Income and expense from February 1938 through June 30, 1947-

119

Authorizations, cancellations, disbursements, and repayments,

February 10, 1938, through June 30, 1947-

120

Analysis of repayments and other reductions, February 10, 1938,

through June 30, 1947.

122

Goodloe, Hon. John D.:

Lending and investment functions, February 29, 1948.
Letter of April 22, 1948, to Hon. Jesse P. Wolcott..

43

12

Letter from N. E. Dodd, Acting Secretary, Department of Agri-

culture, dated April 20, 1948_.

19

Letter of April 14, 1948, to Hon. Clinton P. Anderson.

19

Letter of March 17, 1948, to Hon. C. Douglass Buck..

Letter of March 18, 1948, to Hon. C. Douglass Buck__.

23

Liquidation of Reconstruction Finance Corporation's investment
in preferred stock, debentures, and capital notes of banks
(tabulation).

14

Position of RFC with respect to $2,000,000,000 limitation imposed
by Public Law No. 132.

Additional information-Continued

Neel, Samuel E., Mortgage Bankers Association of America:

Page

Table 1. New mortgage recordings (mortgages of $20,000 or

under)

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Table 2. New construction put in place-

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Table 3. Housing statistics.

Recommendations of the Mortgage Bankers Association of

America__

Reconstruction Finance Corporation Act, suggested language for pro-

posed amendment to..

General Accounting Office comments..

Stevens, Lewis M., chief counsel, RFC inquiry, letter of March 16,
1948, to Hon. Harry P. Cain_.

The American Municipal Association, letter of April 15, 1948, to Hon.

Leroy Johnson of California___

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