second annual report 1934 - fraser · 2018. 11. 7. · second annual report of the federal home...

74th Congress, 1st Session House Document No: 31

SECOND ANNUAL REPORT of the

FEDERAL HOME LOAN BANK BOARD covering operations of the

FEDERAL HOME LOAN BANKS

THE HOME OWNERS' LOAN CORPORATION

THE FEDERAL SAVINGS AND LOAN DIVISION

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION

from the date of their creation through December 31, 1934

FEBRUARY 14, 1935.-Referred to the Committee on Banking and Currency and ordered to be printed with illustration

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON: 1935

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

LETTER OF TRANSMITTAL

FEDERAL HOME LOAN BANK BOARD, Washington, February 11, 195.

SIR: Pursuant to the requirements of section 20 of the Federal Home Loan Bank Act, we have the honor to submit herewith the second annual report of the Federal Home Loan Bank Board covering operations for the year 1934 (a) of the Federal Home Loan Banks, (b) the Home Owners' Loan Corporation, (c) the Federal Savings and Loan Division, and (d) the Federal Savings and Loan Insurance Corporation from organization to December 31, 1934.

JOHN H. FAHEY, Chairman.

T. D. WEBB, W. F. STEVENSON, FRED W. CATLETT, H. E. HOAGLAND,

Members. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.

iM


SECOND ANNUAL REPORT OF THE FEDERAL HOME LOAN BANK BOARD ON THE OPERATIONS OF THE FEDERAL HOME LOAN BANK SYSTEM FOR THE YEAR 1934 When the Federal Home Loan Bank System closed its 1933 opera

tions December 31 it had 2,086 members, consisting mostly of building and loan, homestead associations, and cooperative banks who had subscribed for stock in the Corporation to the amount of $10,908,300. It had loans outstanding to its member corporations of $88,441,854.37, and the United States Treasury had subscribed and paid for $75,745,700 of stock in the Corporation, all of which will appear in the statements hereto appended.

The activities of the system were very largely affected by the fact that the Home Owners' Loan Corporation was loaning money to distressed home owners on very liberal terms, and, naturally, many people who otherwise would have been applying to the building ana loan associations for advances applied to the Home Owners' Loan Corporation and thereby reduced the activities of the building and loan associations and of the home loan banks during the year 1934.

Many of the Home Owners' Loan bonds were received by member associations and were used directly or indirectly in paying off their borrowings from the banks during the year, thereby directly reducing the business of the banks.

At the close of business December 31, 1934, the Home Loan Bank System had 3,068 members who had subscribed for stock to the dollar value of $22,661,400, of which $20,480,100 was fully paid, issued, and outstanding, and the stock subscribed by the Treasury and paid in up to that date was the sum of $81,645,700. Total loans outstanding as at December 31, 1934, equaled $87,258,312.53, of which loans to members equaled $86,651,236.38, loans to affiliated banks equaled $600,000, and loans made direct to home owners $7,076.15. Loans made during the year 1934 aggregated $39,879,886.12 and repayments amounted to $41,063,427.96, all of which will appear in the financial statement appended hereto.

AMENDMENTS TO THE LAW

During the year the Congress amended the law in a number of particulars which were designed to make more popular and workable the activities of the System. One amendment reduced the minimum amount of stock that an association could take in becoming a member from $1,500 to $500.

Another amendment to section 10 of the act liberalized the amount that could be loaned on amortized home mortgages which were used as collateral by increasing the amount which could be loaned on such mortgage from 60 to 65 percent on the unpaid principal, but in no case was the advance to exceed 50 percent of the value of the real


ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD

estate securing the home-mortgage loan, where the loan was on a mortgage which was amortized according to the terms of the act.

If secured by a home mortgage not amortized under the terms of the act, the advance permitted was not in excess of 50 percent of the unpaid principal of the home-mortgage loan, and in no case should the amount exceed 40 percent of the value of the real estate securing the home mortgage. Whereas, in the former law it could not exceed 30 percent of the real estate securing the home-mortgage loan which was not amortized. These are the principal amendments liberalizing this particular act.

INSURANCE ACT

The insurance act was passed which is dealt with herein under the head of Federal Savings and Loan Insurance Corporation, which is embraced in this report.

INTEREST RATE

During the year it became necessary, in order that the member associations would be able to compete in their business, to give them the right to charge a rate of interest not less than 4 percent, nor more than 5 percent. Formerly it had been fixed at 5 percent except under very special circumstances.

With the liberalization that has come about, and with the right of insurance which has been imparted by the insurance act, it is confidently expected by the Board that the increase in business will be very marked during the coming year.

The banks have all but one reached the point where they choose their own directors, and they are paying promptly the assessments for their proportion of the expenses of the Board.

EARNINGS AND DIVIDENDS

The banks are all earning their expenses and ten of them are paying dividends on their stocks, both to their member associations and to the Treasury of the United States, as shown by the financial statement attached.

The Federal Government is already receiving a substantial return on its paid-in subscription of $81,645,700 for stock of the Federal home-loan banks, as shown by the announcement that dividend payments totalling $1,361,599.98 have been declared as of December 31, 1934, by 10 of the 12 regional Federal home-loan banks, 3 of which the banks of Boston, Winston-Salem, and Los Angeles, represent initial dividends, the other 7 banks having previously begun dividend payments. All dividends recently declared by these ten banks are at the rate of 2 percent annually, except for the dividend paid to member institutions of the Boston bank, which is at the rate of 1 2 percent. The dividend declared by the Los Angeles bank is effective through December 31, 1933.

Total dividends paid by the Federal home-loan banks to date amount to $2,622,189.44, of which $2,144,108.34 has been or will be paid to the United States Government, and the balance of $478,081.10 to the members of the banks. Such members are private thrift and home-financing institutions, the present membership numbering 3,068 building and loan associations, mutual savings banks, and life insurance companies.

2


ANNUAL REPORT OF FEDERAL HOME LOAN BANK BOARD 3

The following table shows the amount of dividends paid as of December 31, 1934, by each of the ten banks concerned. The Federal home-loan banks of Topeka and Portland, the only two regional institutions in the system in which dividends have not yet been, declared, are nevertheless operating at a profit, which is being added to surplus pending dividend action.

Federal home-loan bank U.S. Gov- Members Total ernment

Boston (district no. 1)----------------..........---------------- $145, 715.11 $19, 983.23 $165, 698.34 Newark (district no. 2)--------------------------------115, 945. 21 26, 710. 79 142, 656. 00 Pittsburgh (district no. 3)------------------------------ 127,736.99 22, 521 75 150, 258. 74 Winston-Salem (district no. 4) ----------- ......--------------- 184, 493.14 50,089. 31 234, 582. 45 Cincinnati (district no. 5)---------------..........--------------. - 128,807. 06 45, 021.33 173, 828. 39 Indianapolis (district no. 6)---------------.........------- ------- 60,493.15 19, 542.83 80,035.98 Chicago (district no. 7)------------------ -------------- 198,821.92 34, 234. 86 233, 056. 78 Des Moines (district no. 8)-----------...-------------------67, 808. 22 12,376. 90 80,185.12 Little Rock (district no. 9)------------.... ------------------ 60, 383. 56 12,155.00 72, 538. 56 Los Angeles (district no. 12) effective Dec. 31, 1933 ------------ 22, 575. 35 6,184. 27 28, 759. 62

Total dividends payable Dec. 31, 1934---------------.... 1,112, 779. 71 248,820. 27 1, 361, 599.98

PERSONNEL

The personnel of the bank board working for the Home Loan Bank System numbers 101, as shown by the statement attached to the report of the Home Owners' Loan Corporation.

The following exhibits are attached: Exhibit A: Combined statement as of December 31, 1934. Exhibit B: Statement of profit and loss for year 1934. Exhibit C: Analysis of surplus and reserve, December 31, 1934. Exhibit D: Statement showing Federal home-loan bank districts and States

embraced and members of home-loan banks in each. Schedule no. 1: Statement showing Government funds apprqpriated for sub

scription to stock of the regional home-loan banks, the amounts allocated to each bank, actual subscriptions made thereunder and total subscriptions and amounts still available for subscription as at December 31. 1934.

Schedule no. 2: Showing the districts and the number of members approved. Schedule no. 3: Showing loan activities from start of business until close of

business December 31, 1934. Schedule no. 4: Showing by districts amount of loans, etc. Schedule no. 5: Federal Home Loan Bank System statement showing by

districts and States number of members, number and amount of shares subscribed by members, and balance of loans outstanding as of December 31, 1934.


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EXHIBIT D

STATE CHARTERED MEMBER INSTITUTIONS OF THE FEDERAL HOME LOAN BANK SYSTEM AS OF DECEMBER 31, 1934

FEDERAL HOME LOAN BANK DISTRICTS

District No 1

Connecticut New Hampshire Maine Rhode Island Massachusetts Vermont

District No. 2

New Jersey New York

District No. 8

Delaware Pennsylvania West Virginia

District No. 4

Alabama Maryland District of Columbia North Carolina Florida South Carolina Georgia Virginia

District No. 5

Kentucky Ohio Tennessee

District No. 6

Indiana Michigan

District No. 7

Illinois Wisconsin

District No. 8

Iowa North Dakota Minnesota South Dakota Missouri

District No. 9

Arkansas New Mexico Louisiana Texas. Mississippi District No. 10

Colorado Nebraska Kansas Oklahoma

District No. 11

Idaho Utah Montana Washington Oregon Wyoming

District No. 12

Arizona Nevada California



DISTRICT No. 1. STATE CHARTERED MEMBER INSTITUTIONS OF THE FEDERAL HOME LOAN BANK OF BOSTON AS OF DECEMBER 31, 1934

CONNECTICUT,

Bristol Building & Loan Association, 7 Prospect Street, Bristol. Danbury Building & Loan Association, 240 Main Street, Danbury. East Hampton Building & Loan Association, East Hampton. The Elm City Building & Loan Association, New Haven. The Fairfield Building & Loan Association, Fairfield. Federal Building & Loan Association, Inc., Bridgeport. Forest City Building & Loan Association, Inc., 656 Main Street, Middletown. Fourth Meriden Building & Loan Association, 20 Church Street, Meriden. Hartford Home Building & Loan Association, 198 Pearl Street, Hartford. Home Building & Loan Association, 886 Main Street, Bridgeport. Manchester Building & Loan Association, South Manchester. Meriden Permanent Building & Loan Association, 61 Colony Street, Meriden. New Britain Cooperative Savings & Loan Associations, 24 Washington Street,

New Britain. New Haven Building & Loan Association, 84 Orange Street, New Haven. New Haven Progressive Building & Loan Association, 51 Orange Street, New

Haven. Norwalk Building, Loan & Investment Association, 115 Washington Street,

Norwalk. Norwich Building & Loan Association, 16 Franklin Street, Norwich. Portland Building & Loan Association, Inc., 269 Main Street, Portland. Putnam Building & Loan Association, Putnam. St. Johnsbury Cooperative Savings, Building & Loan Association, St. Johnsbury. Savings Bank of Manchester, Manchester. Shelton Building & Loan Association, 480 Howe Avenue, Shelton. Stafford Building & Loan Association, Main Street, Stafford Springs. Stamford Building & Loan Association, Stamford. Stonington Savings & Loan Association, Stonington. Thomaston Savings Bank, Thomaston. Thompsonville Building & Loan Association, 86 Main Street, Thompsonville. Torrington Building & Loan Association, 61 Main Street, Torrington. Wallingford Building & Loan Association, Inc., 8 Center Street, Wallingford. Waterbury Building & Loan Association, 63 North Main Street, Waterbury. West End Building & Loan Association, 401 Hancock Avenue, Bridgeport. Windsor Locks Building & Loan Association, 1 Church Street, Windsor Locks.

MAINE

Auburn Loan & Building Association, 78 Main Street, Auburn. Augusta Loan & Building Association, Augusta. Casco Loan & Building Association, Portland. Cumberland Loan & Building Association, 84 Exchange Street, Portland. Deering Loan & Building Association, 648 Forest Avenue, Portland. Dexter Loan & Building Association, Dexter. Ellsworth Loan & Building Association, 69 Main Street, Ellsworth. Falmouth Loan & Building Association, 708 Chapman Building, Portland. Federal Loan & Building Association of Portland, 4011 Congress Street, Portland. Homestead Loan & Building Association, 57 Exchange Street, Portland. Maine Loan & Building Association, 88 Exchange Street, Portland. Richmond Loan & Building Association, Richmond.

*Rockland Loan & Building Association, 18 School Street, Rockland. Sanford Loan & Building Association, Sanford. Waterville Loan & Building Association, Waterville.

MASSACHUSETTS

Arlington Cooperative Bank, 622 Massachusetts Avenue, Arlington. Atlantic Cooperative Bank, Lawrence. Boston Cooperative Bank, 53 State Street, Boston. Cape Cod Cooperative Bank, Yarmouth Port. Chicopee Cooperative Bank, Chicopee. Concord Cooperative Bank, Concord. Dedham Cooperative Bank, 597 High Street, Dedham. Dudley Cooperative Bank, 53 Warren Street, Roxbury.



Equity Cooperative Bank, 22 Elm Street, Worcester. Fidelity Cooperative Bank, 675 Main Street, Fitchburg. Foxborough Cooperative Bank, 2 School Street, Foxborough. Greenfield Cooperative Bank, Greenfield. Guardian Cooperative Bank, 36 Bromfield Street, Boston. Hampden Cooperative Bank, 7 William Street, Springfield. Highland Cooperative Bank, Springfield. Home Cooperative Bank, 22 Elm Street, Worcester. Homestead Cooperative Bank, 36 Bromfield Street, Boston. Hyannis Cooperation Bank, Hyannis. Independent Cooperative Bank, 206 Slater Building, Worcester. Lawrence Cooperative Bank of Lawrence, Massachusetts, Lawrence. Leominster Cooperative Bank, 12 Main Street, Leominster. Lexington Cooperative Bank, Lexington. Mattapan Cooperative Bank, 1575 Blue Hill Avenue, Boston. Medfield Cooperative Bank, Medfield. Millbury Cooperative Bank, Millbury. Montello Cooperative Bank, 825 North Main Street, Brockton. Natick Cooperative Bank, Natick. North Abington Cooperative Bank, North Abington. Northampton Cooperative Bank, 135 Main Street, Northampton. Pilgrim Cooperative Bank, Cohasset. Pioneer Cooperative Bank, 36 Bromfield Street, Boston. Pittsfield Cooperative Bank, 44-48 Fenn Street, Pittsfield. Provident Institution for Savings, 36 Temple Place, Boston. Quincy Cooperative Bank, 1372 Hancock Street, Quincy. Reading Cooperative Bank, 195 Main Street, Reading. Roger Conant Cooperative Bank, 125 Washington Street, Salem. Revere Cooperative Bank, 325 Broadway, Revere. Salem Cooperative Bank, 71 Washington Street, Salem. Sandwich Cooperative Bank, Sandwich. Security Cooperative Bank, 40 Legion Parkway, Brockton. Sharon Cooperative Bank, 9 Post Office Square, Sharon. Springfield Cooperative Bank, 81 State Street, Springfield. Suffolk Cooperative Bank, 44 Bromfield Street, Boston. Telephone Workers' Cooperative Bank, 119 Milk Street, Boston. Union Cooperative Bank, 48 North Street, Pittsfield. Waltham Cooperative Bank, 45 Moody Street, Waltham. Watch City Cooperative Bank, 7 Moody Street, Waltham. Watertown Cooperative Bank, 56 Main Street, Watertown. Waverly Cooperative Bank, 30 Church Street, Waverly. The Webster Cooperative Bank, 218 Main Street, Webster. West Roxbury Cooperative Bank, Boston. West Somerville Cooperative Bank, 405 Highland Avenue, West Somerville. West Springfield Cooperative Bank, 85 Elm Street, West Springfield. Winchendon Cooperative Bank, 110 Front Street, Winchendon. Winter Hill Cooperative Bank, Summer Street and Cutter Avenue, Somerville. Wollaston Cooperative Bank, 80 Beale Street, Wollaston. Worcester Cooperative Bank, 22 Elm Street, Worcester. Workingmen's Cooperative Bank, 73 Cornhill, Boston.

NEW HAMPSHIRE

Citizens Guaranty Savings, 144 Main Street, Nashua. City Savings Bank of Berlin, Berlin. Derry Savings Bank, Derry. Franklin Building & Loan Association, Central Street, Franklin. Laconia Building & Loan Association, 653 Main Street, Laconia. Manchester Building & Loan Association, 922 Elm Street, Manchester. Masconia Savings Bank, Lebanon. Milford Building & Loan Association, Union Square, Milford. The Nashua Building & Loan Association, Odd Fellows Building, Nashua. People's Building & Loan Association, Central Square, Rochester. Portsmouth Savings Bank, 22 Market Square, Portsmouth. Salem Cooperative Bank, Main Street, Salem Depot.



RHODE ISLAND

East Greenwich Savings Fund & Loan Association, East Greenwich. Old Colony Cooperative Bank, 58 Weybosset Street, Providence.. Telephone Workers' Building & Loan Association, 234 Washington Street,

Providence. VERMONT

The Brattleboro Cooperative Savings & Loan Association, Brattleboro. Burlington Building & Loan Association, 192 Main Street, Burlington. Windsor Cooperative Savings & Loan Association, State Street, Windsor.

DISTRICT No. 2. STATE CHARTERED MEMBER INSTITUTIONS OF THE FEDERAL HOME LOAN BANK OF NEWARK AS OF DECEMBER 31, 1934

NEW JERSEY

Alcyon Building & Loan Association, 51 South Broadway, Pitman. The Aldene Building & Loan Association, Roselle Park. Alliance Building & Loan Association, Newark. American Building & Loan Association, 155 Ellison Street, Paterson. American Homes Building & Loan Association, 95 River Street, Hoboken. Anglesea Building & Loan Association, 113 Central Avenue, North Wildwood. Apex Building & Loan Association, 84-86 Eaton Place, East Orange. Arcade Building & Loan Association, 610 West Jersey Trust Building, Camden. Asbury Park Building & Loan Association, 228 Main Street, Asbury Park. Atlantic Highlands Building & Loan Association, Atlantic Highlands. Audubon Building & Loan Association, Oakland Avenue, Audubon. Axia Building & Loan Association, Rahway National Bank, Rahway. Baltic Building & Loan Association, 119 Martin Street, Paterson. Bay Shore Building & Loan Association, Bay and Railroad Avenues, Barnegat. Bay View Building & Loan Association of Newark, Springfield Avenue, branch

Federal Trust Co., Newark. Beach Building & Loan Association, Twenty-second Street and Boulevard, Beach

Arlington. Beacon Building & Loan Association, 30 Branford Place, Newark. Beaver Building & Loan Association of Newark, 31 Clinton Street, Newark. Belleville Building & Loan Association, 126 William Street, Belleville. Belmar Building & Loan Association, 704 Tenth Avenue, Belmar. Bergenline Building & Loan Association, 654 Bergenline Avenue, Union City. Bettle Ridge Building & Loan Association of Oaklyn, Oaklyn. Bloomfield Building & Loan Association, 35 Lackawanna Place, Bloomfield. Boardwalk Building & Loan Association, 25 South Virginia Avenue, Atlantic

City. Boonton Building & Loan Association, 409 Main Street, Boonton. Borrowers Building & Loan Association of Jersey City, 2986 Boulevard, Jersey

City. Bound Brook Building & Loan Association, Second Street, Bound Brook. Brick Church Building & Loan Association, 28 Washington Place, East Orange. Broad Avenue Building & Loan Association, Central Boulevard and Broad

Avenue, Palisades Park. Broadway Building & Loan Association, 513 Cooper Street, Camden. Brookdale Building & Loan Association of Newark, 920 South Orange Avenue,

Newark. Buildahome Building & Loan Association, 17 Academy Street, Newark. Business Men's Building & Loan Association of New Brunswick, New Brunswick. Camden Optional Building & Loan Association, 423 Market Street, Camden. Cape May County Building & Loan Association, Cape May County Title and

Trust Building, Cape May Court House. Capitol Building & Loan Association, 140 Academy Street, Trenton. Carlstadt Mutual Loan & Building Association, 321 Hackensack Street, Carl

stadt. Carroll Building & Loan Association, 126 Market Street, Paterson. Casino Building & Loan Association, 184 William Street, Newark. Cedar Grove Building & Loan Association, 595 Pompton Avenue, Cedar Grove. Central Building & Loan Association of Belleville, 280 Washington Avenue,

Belleville. Central Building & Loan Association of Camden, Kaighn and Princess Avenues,

Camden.



Central Building & Loan Association of Jersey City, 110 Hutton Street, Jersey City.

Centre Market Building & Loan Association, 17 Academy Street, Newark. Citizens Building & Loan Association, 106 North Main Street, Hightown. Citizens Building & Loan Association, Rahway. Citizens Building & Loan Association of Audubon, Merchant and West Atlantic

Avenues, Audubon. Citizens Building & Loan Association of Elizabeth, 1160 East Jersey Street,

Elizabeth. Citizens Building & Loan Association of Jersey City, Jersey City. Citizens Building & Loan Association of Milltown, Milltown. City of Wildwood Building & Loan Association, Woodward Title and Trust

Building, Wildwood. Civic Center Building & Loan Association, 25 Halstead Street, East Orange. Clarion Building & Loan Association, 604 Central Avenue, East Orange. Collective Building & Loan Association, 202 Philadelphia Avenue, Egg Harbor

City. Collingswood Building & Loan Association, Collingswood. Colonia Building & Loan Association, 66 Main Street, Woodbridge. Columbia Building & Loan Association, 289 Morris Avenue, Elizabeth. Conservative Building & Loan Association of Hudson County, 410 Thirty-eighth

Street, Union City. Conservative Building & Loan Association of Newark, 550 Central Avenue,

Newark. Consolidated Building & Loan Association of the Town of Harrison, 539 Kearny

Avenue, Harrison. Constitution Building & Loan Association, 256 Liberty Street, Bloomfield. Cooperative Building & Loan Association, 4 East Ridgewood Avenue, Ridgewood. Cooper Building & Loan Association of Camden, 103 North Seventh Street,

Camden. Cottage Building & Loan Association, 112 North Third Street, Camden. Cranford Mutual Building & Loan Association, Cranford. Dauntless Building & Loan Association, 300 Stuyvesant Avenue, Lyndhurst. Delanco Building & Loan Association, Northwest Corner Vine Street and Burling

ton Avenue, Delanco. Dennisville Loan & Building Association, 916 Park Avenue, Dennisville. Dispatch Building & Loan Association, Union City. Dover Building & Loan Association, 31 East Blackwell Street, Dover. Dumont Building & Loan Association of Dumont, Washington Avenue, Dumont. Dunellen Building & Loan Association, 316 Front Street, Dunellen. East Clifton Building & Loan Association, 215 Dayton Avenue, Clifton. East Paterson Building & Loan Association, 24 Grove Street, East Paterson. East Rutherford Savings, Loan & Building Association, Railroad Avenue, East

Rutherford. Eatontown and Oceanport Building & Loan Association, Main Street, Eaton

town. Economia Building & Loan Association, 974 South Broad Street, Trenton. Egg Harbor Building & Loan Association, 246 Cincinnati Avenue, Egg Harbor

City. Eighth Ward Building & Loan Association, 24 Commerce Street, Newark. Eleventh Ward Building & Loan Association, 487 Orange Street, Newark. Elizabeth Haddon Building & Loan Association, Haddonfield Trust Co., King's

Highway East at Chestnut Street, Haddonfield. Englishtown Building & Loan Association, Main Street, Englishtown. Equitable Building & Loan Association, 1421 Atlantic Avenue, Atlantic City. Essential Building & Loan Association, Verona Trust Co. Building, Verona. Essex Mutual Building & Loan Association, 63 Roseville, Newark. Exel Building & Loan Association, Hackensack. Fair Lawn Building & Loan Association of Fair Lawn, Fair Lawn. Fairway Building & Loan Association of East Orange, 34 Prospect Street, East

Orange. Fanwood and Scotch Plains Building & Loan Association, First State Bank

Building, Scotch Plains. Farmers and Mechanics Building & Loan Association, 230 High Street, Burling

ton. Fellowship Building & Loan Association, Bergenfield. Fidelity Building & Loan Association, 656 Park Avenue, Weehawken. Financial Building & Loan Association, Paterson.



Five Corner Building & Loan Association, 646 Newark Avenue, Jersey City. Five Mile Beach Building & Loan Association, 101 East Wildwood Avenue,

Wildwood. Fourth Ward Building & Loan Association, 683 Main Avenue, Passaic. Franklin Building & Loan Association, 244 Chestnut Street, Nutley. Franklin Building & Loan Association of Hudson County, 329 Palisade Avenue,

Jersey City. The Fulton Building & Loan Association of the City of Newark, 11 Clinton

Street, Union Building, Newark. Glen Ridge Building & Loan Association, 227 Ridgewood Avenue, Glen Ridge. Glen Rock Building & Loan Association, 1 East Ridgewood Avenue, Ridgewood. Godwinville Building & Loan Association, 31 North Broad Street, Ridgewood. Greater City Building & Loan Association, 973 Broadway, Union City. Greater Passaic Building & Loan Association, 663 Main Avenue, Passaic. Greater Stratford Building & Loan Association, Stratford. Grover Cleveland Building & Loan Association, Caldwell National Bank Build

ing, Caldwell. Guardian Building & Loan Association, Fourteenth and Washington Streets,

Hoboken. Guardsmen Building & Loan Association, 75 Bloomfield Avenue, Newark. Guttenburg Building & Loan Association, 43 Bergenline Avenue, Guttenburg. Hackensack Mutual Building & Loan Association, 242 State Street, Hackensack. Haddon Heights Building & Loan Association, Borough Hall Street, Haddon

Heights. Hammonton Loan & Building Association, Hammonton. Harrington Building & Loan Association, Main Street, Closter. Hasbrouck Heights Building, Loan & Savings Association, 250 Boulevard Street,

Hasbrouck Heights. Hawthorne Building & Loan- Association, 459 Lafayette Street, Hawthorne. High Bridge Building & Loan Association, High Bridge. Highland Park Building & Loan Association, Citizens Bank Building, New

Brunswick. Hill City Building & Loan Association, 30 Maple Street, Summit. Hillside Building & Loan Association, 420 Bloomfield Avenue, Montclair. Hilltop Building & Loan Association of Jersey City, Jersey City. The Hoboken Building & Loan Association, 84 Washington Street, Hoboken. Hohokus Building & Loan Association, Hohokus. Holland Building & Loan Association, 478 Central Avenue, Newark. Holly Beach City Building & Loan Association, 4712 Pacific Avenue, Wildwood. Hollywood Building & Loan Association, 131 Main Street, East Orange. Home Building & Loan Association, 112 Washington Avenue, Dunellen. Home Building & Loan Association of Westfield, 101 West Broad Street, Westfield. Home Lovers Building & Loan Association, 5 Colt Street, Paterson. Home Ownership Building & Loan Association, Glen Rock. The Homeric Building & Loan Association, 815 Main Street, Boonton. Hudson County Caledonian Building & Loan Association, 483 Oakden Avenue,

Grantwood. Industrial Mutual Building & Loan Association, 112 Bowers Street, Jersey City. Integrity Building & Loan Association of Collingswood, Collingswood. Interborough Building & Loan Association, 811 Abbott Boulevard, Palisade. Inter County Building & Loan Association, 1577 Maple Avenue, Hillside. International Building & Loan Association, of Harrison, 313 Harrison Avenue,

Harrison. Investing Building & Loan Association, Fort Lee Road and Elm Avenue, Bogota. Investors & Owners Building & Loan Association, 118 Broadway, South Amboy. Invincible Building & Loan Association, 81 Center Avenue, Westwood. Italian-American Building & Loan Association of Passaic County, 20 Park

Avenue, Paterson. Jackson Building & Loan Association, 363 Jackson Avenue, Jersey City., James Building & Loan Association, Madison. The J. & M. Building & Loan Association of Newark, Newark. Jersey Coast Building & Loan Association, First National Bank Building, Bradley

Beach. John Campbell, Jr., Girard Building & Loan Association, 227 Federal Street,

Camden. Journal Square Building & Loan Association, 26 Journal Square, Jersey City. K. C. Building & Loan Association, 441 Jersey Avenue, Jersey City. Keansburg Building & Loan Association, Keansburg.



Kearney Building & Loan Association, 614 Kearney Avenue, Arlington. Kings Highway Building & Loan Association, 14 Park Place, Audubon. Knight Park Building & Loan Association of Collingswood, Collingswood. Kopernik Building & Loan Association of Jersey City, Jersey City. L. 0. 0. M. Building & Loan Association, 47 Spruce Street, Newark. LaClede Building & Loan Association, 4209 Ventnor Avenue, Atlantic City. Lafayette Mutual Building & Loan Association, 305 Pacific Avenue, Jersey City. Lakeview Building & Loan Association, 1143 Main Street, Paterson. Lawnton Building & Loan Association of Camden, Camden. Liberal Building & Loan Association, 29 Little Street, Matawan. Lincoln Building & Loan Association of Jersey City, 759 Montgomery Street,

Jersey City. Lincoln Park Building & Loan Association, Lincoln Park. Little Ferry Building & Loan Association, 100 Washington Avenue, Little Ferry. Livingston Building & Loan Association, Livingston. Llewellyn Building & Loan Association, 16 Northfield Avenue, West Orange. Long-A-Coming Building & Loan Association of Berlin, Berlin. Long Beach Building & Loan Association, Bay Avenue and Coral Street, Beach

Haven. Lyons Farm Building & Loan Association, 1444 North Broad Street, Hillside. Maywood Building & Loan Association, 72 West Pleasant Avenue, Maywood. Medford Lakes Building & Loan Association, Medford Lakes. Mickle Building & Loan Association, Broadway and Berkeley Streets, Camden. Middlebrook Building & Loan Association, Bound Brook. Millburn Building & Loan Association, 62 Main Street, Millburn. Mohawk Building & Loan Association, 535 High Street, Newark. Monmouth County Building & Loan Association, 220 Broadway, Long Branch. Montclair Building & Loan Association, Wellmont Building, Bloomfield Avenue,

Montclair. Montvale Building & Loan Association, Magnolia Avenue, Montvale. Morris County Building & Loan Association, 3 South Street, Morristown. Morristown Building & Loan Association, Morristown. Mountain Lakes Building & Loan Association, 37 Howell Road, Mountain Lakes. Mutual Benefit Building & Loan Association, Kearney. Mutual Building & Loan Association, 111 Central Avenue, Westfield. Mutual Building & Loan Association of Atlantic City, Guarantee Trust Building,

Atlantic City. The New Barbadoes Mutual Building & Loan Association of Hackensack, 725

Main Street, Hackensack. New Brunswick Building & Loan Association, New Brunswick. Nishuane Building & Loan Association, 319 Orange Road, Montclair. North Belleville Building & Loan Association, 500 Washington Avenue, Belleville. North Jersey Building & Loan Association of Hackensack, Hackensack. Northside Building & Loan Association, North Main and Arch Streets, Paterson. Oakland Building & Loan Association, Oakland. Oaklyn Building & Loan Association, 41 East Bettlewood Avenue, Oaklyn. Ogden Building & Loan Association, 714 Main Street, Boonton. The Oliver Building & Loan Association, Newark. Olympic Building & Loan Association, 1425 Springfield Avenue, Irvington. Orange Valley Building & Loan Association of Orange, 410 Tompkins Street,

Orange. Overpeck Building & Loan Association, Ridgefield Park. Pacific Building & Loan Association, 39 Branford Place, Newark. Palmyra Building & Loan Association, 337 Leconey Avenue, Palmyra. The Park Building & Loan Association, 631 Springfield Avenue, Newark. Park Building & Loan Association of Ridgefield Park, Ridgefield Park. Parkway Building & Loan Association, Kearney. Passaic Valley Building & Loan Association, 654 McBride Avenue, West Paterson. Peoples Building & Loan Association, 1421 Atlantic Avenue, Atlantic City. Peoples Mutual Building & Loan Association, 57 Mount Vernon Street, Ridge

'field Park. Pequannock & Wayne Building & Loan Association, Town Hall, Mountain View. Phoenix Loan & Building Association, 746 Grand Street, Jersey City. Pitman Building & Loan Association, Pitman National Bank Building, Pitman. Plainfield Building & Loan Association, 400 Park Avenue, Plainfield. Point Pleasant Building & Loan Association, 619 Bay Avenue, Point Pleasant

Beach.



Polifly Building & Loan Association, Boulevard at Jefferson Avenue, Hasbrouck Heights.

Pompton Plains Building & Loan Association, Pompton Plains. Post Office Building & Loan Association of Newark, 17 Academy Street, Newark. Pride of Atlantic Building & Loan Association, 603 Schwehm Building, Atlantic

City. Princeton Building & Loan Association, 12 Nassau Street, Princeton. Prospect Building & Loan Association, Prospect Street and Pennington Avenue,

Trenton. Prosperity Building & Loan Association, 550 Central Avenue, Newark. Provident Building & Loan Association of Passaic County, Colt Building,

Paterson. Prudential Building & Loan Association, 505 Orange Street, Newark. Queen City & Home Building & Loan Association, 107 Park Avenue, Plainfield. Randolph Building & Loan Association, 33 Blackwell Street, Dover. The Red Bank Building & Loan Association, 10 Broad Street, Red Bank. Regent Building & Loan Association, 152 Market Street, Paterson. Reliance Co-operative Building & Loan Association, Rahway. Republic Building & Loan Association, 610 West Jersey Trust Building, Camden. Reserve Building & Loan Association, 601 Mattison Avenue, Asbury Park. The Ridgewood Building & Loan Association, 27 North Broad Street, Ridgewood. The Rockaway Building & Loan Association, 31 Wall Street, Rockaway. Roosevelt Building & Loan Association, Carteret. The Roselle Building & Loan Association of Roselle, Union County, First Na

tional Bank, Roselle. St. George Building & Loan Association, 14 North Warren Street, Trenton. Sea Bright-Rumson Building & Loan Association, 1060 Ocean Avenue, Sea Bright. Seashore Building & Loan Association, Ocean City. Secaucus Building & Loan Association, Secaucus. Security Building & Loan Association, Avalon. Security Building & Loan Association, 536 Drake Avenue, Elizabeth. The Security Building & Loan Association, 2976 Boulevard, Jersey City. Shepherd Building & Loan Association, 266 Shepherd Avenue, East Orange. Singac Building & Loan Association, Singac. South Broad Building & Loan Association, 17 William Street, Newark. South Plainfield Building & Loan, Association, South Plainfield. South River Building & Loan Association, 30 Main Street, South River. South Seaville Loan & Building Association, South Seaville. The Sparrow Hill Building & Loan Association, 3279 Boulevard, Jersey City. Spring Garden Building & Loan Association, Chestnut Street and Vincent Place,

Nutley. Spring Lake Building & Loan Association, Spring Lake. Star Building & Loan Association, 147 North Broadway, South Amboy. Stonewall Building & Loan Association, 7 North Wood Avenue, Linden. Strathmere Building & Loan Association, Strathmere. The Sturdy Building & Loan Association of Stone Harbor, First National Bank

Building, Stone Harbor. Superb Building & Loan Association, 20 Belmont Avenue, Newark. Supreme Building & Loan Association, Irvington. Teaneck Building & Loan Association, Teaneck National Bank Building, Teaneck. Tenafly Building & Loan Association, 8 Highwood Avenue, Tenafly. Textile Home Building & Loan Association, 183 Ellison Street, Paterson. Third Avenue Building & Loan Association, 211 Broadway, Long Branch. Triumph Building & Loan Association, 231 North Eighteenth Street, East Orange. Trustworthy Building & Loan Association, 522% Central Avenue, Newark. Tuckahoe Building & Loan Association, Tuckahoe. Twin Borough Building & Loan Association, Roselle Park Trust Co. Building,

Roselle Park. Twin Cities Building & Loan Association of Palmyra, Palmyra. Union Building & Loan Association, 144 Park Avenue, Plainfield. The Union Building & Loan Association of Jersey City, 746 Grand Street, Jersey

City. Union Loan & Building Association, 34 Broadway, Passaic. United Building & Loan Association, 114 Montgomery Street, Trenton. United Building & Loan Association of Hackensack, 200 State Street, Hackensack. Ventnor Building & Loan Association, 107 Guarantee Trust Building, Atlantic

City.


22 ANN-UAL REPORT OF FEDERAL HOME LOAN BANK BOARD

Victory Building & Loan Association, Station and Atlantic Avenue, Haddon Heights.

Victory Building & Loan Association of North Bergen, 823 Hackensack Plank, North Bergen.

Volunteer Building & Loan Association, 187 Main Street, Little Ferry. Waldwick Building & Loan Association, Waldwick. Wallington Building & Loan Association, Wallington. Washington Building & Loan Association, 22 Belvidere Avenue, Washington. Washington Rock Building & Loan Association, 320 Millburn Avenue, Millburn. Wellwood Building & Loan Association, Pennsaukee Township. West Bergen Building & Loan Association, 491 West Side Avenue, Jersey City. West End Building & Loan Association, 866-868 Broad Street, Newark. Westfield Building & Loan Association, 251 East Broad Street, Westfield. West Hudson Building & Loan Association, Kearney. Westwood Building & Loan Association, Westwood Trust Building, Westwood. Wharton Building & Loan Association, Wharton. White Horse Building & Loan Association, 1781 Exton Avenue, Trenton. Wildwood Crest Building & Loan Association, Cardinal Road and Pacific Avenue,

Wildwood Crest. The Workingmens Loan & Building Association, Hammonton. Workmen's Building & Loan Association of the city of Rahway, Rahway. Wyckoff Building & Loan Association, Main Street, Wyckoff.

NEW YORK

Baldwin Savings & Loan Association, Baldwin, Long Island. The Bank Clerks Co-operative Building & Loan Association, New York. Bedford Co-operative Building & Loan Association, Brooklyn. Brooklyn City Savings & Loan Association, Brooklyn. Building & Loan Association of Newburgh, 47 Grand Street, Newburgh. Canton Savings & Loan Association, 127 Main Street, Canton. Carthage Savings, Loan & Building Association, Carthage. Central Savings & Loan Association, Albany. Cheming Valley Savings & Loan Association, 220 East Water Street, Elmira. Columbia Building & Loan Association, 9403 One Hundred and First Avenue,

Ozone Park. Co-operative Loan & Savings Society, 132 Pike Street, Port Jarvis. Despatch Co-operative Savings & Loan Association, 20 Eyes Building, East

Rochester. Dongan Hills-Grant City Savings & Loan Association, Dongan Hills, Staten

Island. Edgewater Co-operative Savings & Building Loan Association, Stapleton, Staten

Island. Elmhurst Savings & Loan Association, 41-32 Seventy-sixth Street, Jackson

Heights, Long Island. Elmira Savings & Loan Association, 212 East Water Street, Elmira. Enterprise Savings & Loan Association, 1123 Broadway, New York. The Flushing Co-operative Savings & Loan Association, 136 Roosevelt Avenue,

Flushing. Fredonia Savings & Loan Association, Fredonia. Freeport Savings & Loan Association, 65 Sunrise Highway, Freeport, Long

Island. The Genesee County Loan Association, Batavia. Geneva Permanent Loan & Savings Association, 89 Seneca Street West, Geneva. Greater New York Savings & Loan Association, 55 West Forty-second Street,

New York. Hamilton Savings & Loan Association, 498 Court Street, Brooklyn. The Home Co-operative Savings & Loan Association, Poughkeepsie. Homestead Building & Loan Association, Middletown. Huntington Savings & Loan Association, 333 New York Avenue, Huntington. Ithaca Savings & Loan Association, State and Aurora Streets, Ithaca. Kenmore Savings & Loan Association, 9 Mang Avenue, Kenmore. Kensington Savings & Loan Association, 1074 Kensington Avenue, Buffalo. Kingston Co-operative Savings & Loan Association, 293 Wall Street, Kingston. Long Island City Building & Loan Association, Long Island City. Lynbrook Savings & Loan Association, 391 Sunrise Highway, Lynbrook. Maple City Co-operative Savings & Loan Association, 86 Main Street, Hornell. Nassau Savings & Loan Association, 2815 Atlantic Avenue, Brooklyn.



New Rochelle Co-operative Building & Loan Association, New Rochelle. The New York Edison Savings & Loan Association, 4 Irving Place, New York. New York & Suburban Co-operative Building & Loan Association, New York. Northfield Building & Loan Savings Association, 2944 Richmond Terrace,

Mariner's Harbor, Staten Island. North Hempstead Savings & Loan Association, 79 Main Street, Port Washington. North New York Savings & Loan Association, 344 East One hundred forth-ninth

Street, New York. North Shore Building, Loan & Savings Association, 298 Richmond Avenue,

Port Richmond, Staten Island. Park Co-operative Savings & Loan Association, Pearl River. Port Jervis Real Estate & Loan Association, 10 Sussex Street, Port Jervis. Protective Savings & Loan Association, 1 Madison Avenue, New York. The Railroad Co-operative Building & Loan Association, 441 Lexington Avenue,

New York. Reliance Savings & Loan Association, 214-43 Jamaica Avenue, Queens Village. Riverside Co-operative Savings & Loan Association, 1911 Niagara Street,

Buffalo. St. George Building, Savings & Loan Association, Saint George, Staten Island. Saranac Lake Co-operative Savings & Loan Association, 58 Main Street, Saranac

Lake. The Security Building & Loan Association, Oswego. South Shore Savings & Loan Association, Staten Island. Suffern Savings & Loan Association, Suffern. Third Ward Savings & Loan Association, 2068 Richmond Terrace, Port Rich

mond, Staten Island. Tompkinsville Co-operative Savings & Loan Association, 150 Bay Street,

Tompkinsville, Staten Island. Troy Co-operative Savings & Loan Association, 407 Grand Street, Troy. Walden Building, Savings & Loan Association, 1 Orange Avenue, Walden. Wallkill Valley Savings & Loan Association, Wallkill. Warwick Monroe & Chester Building & Loan Association, Monroe. Westbury Savings & Loan Association, Westbury, Long Island. West Chester County Savings & Loan Association, 3 North Highland Avenue,

Ossining. Westerleigh Building, Loan & Savings Association, 832 Jewett Avenue, Wester

leigh, Staten Island. The Yonkers Building & Loan Association, Yonkers.

DISTRICT No. 3. STATE CHARTERED MEMBER INSTITUTIONS OF THE FEDERAL HOME LOAN BANK OF PITTSBURGH AS OF DECEMBER 31, 1934

DELAWARE

Arden Building & Loan Association, Arden. Brandywine Building & Loan Association, 1711 Delaware Avenue, Wilmington. Delaware Building & Loan Association, Claymont Trust Co., Claymont. Five Point Building & Loan Association, Richardson Park. Mechanics Savings & Building Loan Association, Wilmington. Ninth Ward Building & Loan Association, 923 Orange Street, Wilmington.

PENNSYLVANIA

Abington Building Association, 304 York Road, Jenkintown. Abraham Lincoln Building & Loan Association, 2608 North Twenty-ninth Street,

Philadelphia. Acorn Building Association, Philadelphia. Air Brake Building & Loan Association, 204 Westinghouse Avenue, Wilmerding. Albert Lawrence Building & Loan Association, Philadelphia. Allegheny City Premium Building & Loan Association, North Side, Pittsburgh. Allen-Knox Building & Loan Association, 746 Warrington Avenue, Pittsburgh. Allentown Turner Building & Loan Association, Allentown Turner Hall, Allen

Street, Pittsburgh. All Frankford Building & Loan Association, 220 Oxford Bank Building, Phila

delphia. Allison Park Building & Loan Association, Duncan Avenue, Allison Park. Altoona Building & °Loan Association, 1114 Fifteenth Street, Altoona. Alvin Building & Loan Association, Philadelphia.



Ambler Building & Loan Association, Knight Building, Montgomery County, Ambler.

Ambridge Building & Loan Association, 500 Merchant Street, Ambridge. American Iron Building & Loan Association, 2116 Carson Street, Pittsburgh. American Slovak Building & Loan Association, 331 Olivia Street, McKees Rocks. Anchor Building & Loan Association, 309 East Main Street, Carnegie. Ark Building & Loan Association, 6422 Camac Street, Philadelphia. Arlington Avenue Building & Loan Association, 240 Brownsville Road, Mount

Oliver (Pittsburgh). Armstrong Cork Workers Building & Loan Association, Twenty-fourth and

Allegheny River Streets, Pittsburgh. Arthur P. Keegan Building & Loan Association, Philadelphia. The Art-Workers Building & Loan Association, Philadelphia County, Philadel

phia. The Atglen Building & Loan Association, National Bank Building, Atglen. Bakerstown Building & Loan Association, Rear Bakerstown Garage, Bakerstown. Belmar Building & Loan Association, 1207 North Lang Avenue, Pittsburgh. Beltzhoover Building & Loan Association, 407 Climax Street, Pittsburgh. Berean Building & Loan Association, 5031 Haverford Avenue, Philadelphia. Bethayre Building & Loan Association, Red Lion Road, Huntingdon Valley. Bloomfield Building & Loan Association No. 4, 4750 Liberty Avenue, Pittsburgh. Bradford Building, Loan & Savings Association, 1 Main Street, Bradford. Brentwood Building & Loan Association, 2901 Brownsville Road, Pittsburgh. Bridgeville Building & Loan Association, 321 Hickman Street, Bridgeville. Brighton Building & Loan Association of Allegheny City, 1700 Brighton Road,

North Side, Pittsburgh. Brighton Heights Building & Loan Association of Pittsburgh, 3726 Brighton Road,

Pittsburgh. Broad and Chestnut Streets Building & Loan Association, 27 South Sixteenth

Street, Philadelphia. Brookline Building & Loan Association, 754 Brookline Boulevard, Pittsburgh. Brushton District Building & Loan Association, 7800 Frankston Avenue, Pitts

burgh. Building & Loan Association of Kennett Square, 123 East State Street, Kennett

Square. Building & Loan Association of Milton, 104 South Front Street, Milton. Bush Hill Building Association No. 2, Philadelphia. Cammar Building & Loan Association, Citizens National Bank, Monaca. Cannstatter Building Association, southwest corner Third and Girard Avenue,

Philadelphia. Carnegie Savings, Building & Loan Association, 2 West Main Street, Carnegie. Carrick Building & Loan Association, 2528 Brownsville Road, Pittsburgh. Casino Ten-Cent Building & Loan Association, 211 Brownsville Road, Mount

Oliver (Pittsburgh). Cedar Hollow Building & Loan Association, Devault. Celtic Building & Loan Association, 1805 Spring Garden Street, Philadelphia. Central Loan & Savings Association of Lenni, Sixty-ninth Street Trust Co.,

Upper Darby. Charleroi Slavonic Building & Loan Association, 700 McKean Avenue, Charleroi. Chartiers Building & Loan Association, 43 North Jefferson Avenue, Canonsburg. Chartiers Building & Loan Association, 103 Island Avenue, McKees Rock. Chartiers Valley Building & Loan Association, Sterling Building, Carnegie. Chester Building Association of Chester, 517 Welsh Street, Chester. Chester Merchants & Mechanics Building Association, Chester. Citizens Building & Loan Association, 118 East Jefferson Street, Butler. Citizens Building & Loan Association, of Philadelphia, 4115 Lancaster Avenue,

Philadelphia. Citizens Loan & Building Association, Central Trust Co. Building, Altoona. The City of Homes Building & Loan Association, Philadelphia. Clearfield Building & Loan Association, 211 Market Street, Clearfield. Clifton Heights Building & Loan Association, First National Bank Building

Clifton Heights. Collingdale Building & Loan Association, Parker and Sharon Avenue, Collingdale. Collins Avenue Building & Loan Association, 127 Collins Avenue, Pittsburgh. Columbus Building & Loan Association No. 3, 167 Pius Street, South Side, Pitts

burgh. Commercial Building & Loan Association, 3229 McClure Avenue, Pittsburgh. Commonwealth Building & Loan Association, 1321 Eleventh Avenue, Altoona.



Community Building Association of Ambler, Main Street and Butler Avenue, Ambler.

Community Home Savings & Loan Association, 805 Fourth Street, Braddock. Concord Premium Building & Loan Association, 603 East Ohio Street, North

Side, Pittsburgh. Conshohocken Building & Loan Association, Montgomery County, Conshohocken Coplay Building Association, 224 South Second Street, Coplay. Coraopolis Home Building & Loan Association, Coraopolis National Bank Build

ing, Coraopolis. Corinthian Building & Loan Association of Philadelphia, 932 West College Avenue

Philadelphia. Cornwells Building & Loan Association, Cornwells Heights. County Building & Loan Association, 21 East Chestnut Street, Washington. Crafton Ingram Building & Loan Association, 135 Noble Avenue, Crafton. Crescent Building & Loan Association No. 2, 119 South Twelfth Street, Pitts

burgh. Croatian Building & Loan Association, 816 East Ohio Street, North Side, Pitts

burgh. Croyden Building Association of Bristol, 205 Radcliffe Street, Bucks County,

Bristol. Darby Building & Loan Association, Darby Trust Building, Darby. David Smyth Building & Loan Association, 637 Copley Road, Upper Darby,

Philadelphia. Dime Building & Loan Association, 233 Brownsville Road, Mount Oliver (Pitts

burgh). Dollar Savings Association of Lawrence County, 10 East Street, New Castle. Dormont Building & Loan Association, 2932 West Liberty Avenue, Dormont

(Pittsburgh). Dormont-Mount Lebanon Savings & Loan Association, Dormont, Pittsburgh. Duquesne Heights Building & Loan Association, 1202 Grandview Avenue, Pitts

burgh. Durable Building & Loan Association, Philadelphia. Eagle Building & Loan Association, 125 Brownsville Road, Mount Oliver, Pitts

burgh. Eagle Building & Loan Association No. 2, 4625 Liberty Avenue, Pittsburgh. Eagst Park Premium Building & Loan Association, 718 East Diamond Street,

Pittsburgh. East Stroudsburg Building & Loan Association, 93 South Crystal Street, East

Stroudsburg. Economy Building & Loan Association No. 1, McClure and Woods Run Avenues,

North Side, Pittsburgh. Economy Building & Loan Association No. 2, McClure and Woods Run Avenues,

North Side, Pittsburgh. , Economy Savings & Loan Association, Ambridge National Bank Building,

Ambridge. Eden Building Association, Bellevue Avenue, South of Lincoln Highway, South

Langhorne. Edward G. Budd Building & Loan Association, Philadelphia County, Phila

delphia. Eighth Street Business Men's Building & Loan Association, 322 North Eighth

Street, Philadelphia. Ellwood City Building & Loan Association, Lawrence Avenue and Seventh

Street, Ellwood City. Enterprise Building & Loan Association, Fulton Building, Sixth Street, Pitts

burgh. Enterprise Loan & Building Association No. 2, 1218 Eleventh Avenue, Altoona. Equitable Building & Loan Association, 310 Adams Street, Bethlehem. Equitable Building & Loan Association, 86 East Beau Street, Washington. Erie Systematic Building & Loan Association, Erie. Essington Building & Loan Association, Essington. Eureka Savings & Loan Association of Carnegie, 309 East -Main Street, Carnegie. Eureka Savings Fund & Loan Association, 3717 Forbes Street, Pittsburgh. Excelsior Savings Fund, 520 Crozer Building, Chester. Fair Haven Building & Loan Association, 2509 Liberty Road, Pittsburgh. Fair Oaks Building & Loan Association, Fair Oaks. Federal Building & Loan Association of Pittsburgh, 812 Federal Street, North

Side, Pittsburgh.


26 ANNUAL REPORTI OF FkPERAL HOME LOAlT BAlTIt BOAADt

Fidelity Building & Loan Association of Carnegie, 242 East Main Street, Pittsburgh.

Fifth Avenue Traction Building & Loan Association of Pittsburgh, 1729 Fifth Avenue, Pittsburgh.

Fifth Mutual Building Society, Masonic Hall, Manayunk, Philadelphia County. Fireside Mutual Building & Loan Association, 1201 Erie Trust Building, Erie. First Mortgage Building & Loan Association, 746 Warington Avenue, Pittsburgh. First National Building & Loan Association, Philadelphia. First Slovak Building & Loan Association, 329 Fifth Avenue, Homestead. Fort Pitt Building & Loan Association, 707 East Ohio Street, Pittsburgh. Fort Washington Building & Loan Association, Fort Washington. Forty-First Ward Building & Loan Association, 6964 Torresdale Avenue, Phila

delphia. Fox Chase Building Association No. 2, 7940 Oxford Avenue, Philadelphia. Frankford Building & Loan Association, Philadelphia. Franklin Building & Loan Association, Huntingdon. Franklin Building & Loan Association, 1211 Plaza Building, Pittsburgh. Franklin Building & Loan Association No. 6 of the City of Philadelphia, Phila

delphia. Franklin Loan & Building Association, 71 Altoona Trust Building, Altoona. Friendly City Savings & Loan Association, 1104 First National Bank Building,

Johnstown. Friendship Building & Loan Association, 4625 Liberty Avenue, Pittsburgh. G. W. Shaffer Building & Loan Association, Altoona. Garfield Mutual Building & Loan Association, 4905 Penn Avenue, Pittsburgh. General Lawton Building & Loan Association, 1001 North American Building,

Philadelphia. German Enterprise Building Association, Broad and Diamond Streets, Phila

delphia. Girard Savings & Loan Association, 2600 Columbia Avenue, Philadelphia. Glen Olden Building & Loan Association, Prospect Park, Delaware County,

Glen Olden. Government Building & Loan Association, Shenandoah Trust Co. Building,

Shenandoah. Grand Union Building Association, 18 West Chelten Avenue, Philadelphia. Grandview Building & Loan Association, 2995 West Liberty Avenue, Pittsburgh. Great Eastern Building & Loan Association of Pittsburgh, 413 Grant Street,

Pittsburgh. Greater Bellevue Building & Loan Association, 6 Meade Avenue, Bellevue. Greater Eastwick Building & Loan Association, southeast corner of Eighty-third

and Eastwick Avenue, Philadelphia. Greater Pottsville Building & Loan Association, Pottsville. Greenfield Building & Loan Association, 184 Greenfield Avenue, Pittsburgh. Green Lane Building & Loan Association of Roxborough, 6100 Ridge Avenue,

Roxborough, Philadelphia. Grove City Building & Loan Association, 150 South Broad Street, Grove City. Hastings Building & Loan Association, 1116 Bradish Street, Pittsburgh. Hatfield Building & Loan Association, Lansdale. Haverford Loan & Building Association of Philadelphia, 4215 Haverford Avenue,

Philadelphia. Hawley Building & Loan Association, First National Bank Building, Hawley. Hemlock Building & Loan Association, 1948 Ley Street, Troy Hill, Pittsburgh. Hestonville Building & Loan Association, Philadelphia, Hibernian Building & Loan Association, 5118 Second Avenue, Pittsburgh. Hill Top German Building & Loan Association, 746 Warrington Avenue,

Pittsburgh. Home-Builders Building & Loan Association, 107 Fuller Building, 10 South

Eighteenth Street, Philadelphia. Home Building & Loan Association, 495 Lincoln Avenue, Bellevue. Home Building & Loan Association, 101 Second Street, Coaldale. Home Building & Loan Association, 35 South Main Street, Mahanoy City. Home Building & Loan Association, 2513 Germantown Avenue, Philadelphia. Home Building & Loan Association of Greene County, High Street, Carmichaels. Home Building & Loan Association of the Thirty-first Ward, 816 Warrington

Avenue, Pittsburgh. Home Loan & Savings Association, 727 Front Street, Verona. Home Makers Building & Loan Association, 2421 South Twenty-first Street,

Philadelphia.



Home Mutual Building & Loan Association, 12 North Diamond Street, West Pittsburg.

Home Savings & Loan Association, 478 National Transit Building, Oil City. Homestead Building & Loan Association, 1 East Railroad Street, Summit Hill. Homewood Building & Loan Association, 7216 Kelly Street, Pittsburgh. Honor Building & Loan Association, Main and Broad Streets, Lansdale. The Hope Building & Loan Association of Allegheny City, Pittsburgh. Hope Church Building & Loan Association, 439 Baldwin Road, Hays. Improved Washington Building & Loan Association, No. 22 Millbridge Street,

Pittsburgh. Independence Building & Loan Association, 902 Crozer Building, Philadelphia. The Independence Square Building & Loan Association, 2551 Kensington Avenue,

Philadelphia. Indiana County Building & Loan Association, 637 Philadelphia Street, Indiana. Industrial Building & Loan Association, 1200 Eleventh Avenue, Altoona. Industrial Building & Loan Association, 25 East Fifth Street, Chester. Industrial Building & Loan Association of Lancaster, 121 East King Street,

Lancaster. Irish American Building & Loan Association, 5144 North Fifteenth Street,

Philadelphia. Iron Workers Building Association, Chester. Italian Building & Loan Association of Manayunk, Green Lane and St. David

Streets, Manayunk (Philadelphia). Jackson Building & Loan Association, 2901 North Park Avenue, Philadelphia. James Martin Building & Loan Association, 507 East Tulpehocken Street,

Germantown. James W. Queen Building & Loan Association, Philadelphia. Jozef Poniatowski Building & Loan Association, Philadelphia County, Phila

delphia. Josephine Building & Loan Association No. 3 of Pittsburgh, Pittsburgh. Josephine Dime Building & Loan Association, 752 Brownsville Road, Pittsburgh. Juniata Premium & Loan Association, 1601 Beaver Avenue, North Side, Pittsburgh. Justice Building & Loan Association, 803 James Street, Pittsburgh. Kazimierz Wielki Building & Loan Association, Philadelphia. The Kensington Avenue Building & Loan Association, 1077 East Granite Street,

Philadelphia. Kensington Building Association, Pulaski Avenue Pike and Eighteenth Street,

Philadelphia. Keystone Building & Loan Association, 1218 Eleventh Avenue, Altoona. Keystone Building & Loan Association, 506 West Broad Street, Bethlehem. Keystone State Building & Loan Association of Germantown, 5026 Wayne

Avenue, Philadelphia. Kirlin Building & Loan Association, 918 Stephen Girard Building, Philadelphia. The Knights Life Insurance Co. of America, Ridge and Galveston Avenues,

Pittsburgh. Kordecki Building & Loan Association, 3416 Penn Avenue, Pittsburgh. Kutztown Building & Loan Association, Kutztown. L. G. Runk Building & Loan Association, 1105 Thirteenth Street, Altoona. Lackawanna Building, Savings & Loan Association, 148 Adams Avenue, Scranton. Lang Avenue Building & Loan Association, 921 North Lang Avenue, Pittsburgh. Langhorne Building & Loan Association No. 2, Bellevue and Maple Avenues,

Langhorne. Lansdowne Avenue Building & Loan Association, Phildaelphia. Lansdowne Building & Loan Association, Lansdowne and Baltimore Avenue,

Lansdowne. Lehigh Building & Loan Association, Front and Bridges Streets, Catasauqua. Lehigh Building & Loan Association, 695 Washington Road, South Hill Branch,

Pittsburgh. Lemington Building & Loan Association of Pittsburgh, 1425 Lincoln Avenue,

Pittsburgh. Leverington Savings Fund & Loan Association, Philadelphia. Lewistown Standard Building & Loan Association, 33% West Market Street,

Lewistown, Mifflin County. Liberty Building & Loan Association, 1114 Fifteenth Street, Altoona. Liberty Building & Loan Association No. 6, 603 East Ohio Street, North Side,

Pittsburgh. Lincoln Avenue Building & Loan Association, 6428 FrankstownfAvenue,|Pitts

burgh.



Lock Haven Building & Loan Association, Lock Haven. Logan Loan & Building Association, Altoona. Lower St. Clair Building & Loan Association, 120 Brownsville Road, Pittsburgh. McKean County Building & Loan Association, 17 Kennedy Street, Bradford. McKeesport Savings & Loan Association, Sixth and Walnut Street, McKeesport. McKinley Building & Loan Association, 168 Warrington Avenue, Pittsburgh. Malvern and Duffryn Mawr Building & Loan Association, King Street and

Warren Avenue, Malvern. The Manheim Building & Loan Association of Germantown, 5130 Greene Street,

Philadelphia. The Mantual Building Association, 4001 Haverford Street, West Philadelphia. Mathilda Building & Loan Association, 5017 Penn Avenue, Pittsburgh. Mechanics Building & Loan Association, 49 North Front Street, Steelton. Merchant's Building & Loan Association of Pittsburgh, Allegheny County, Pitts

burgh. The Merchants & Mechanics Building Association of Bristol, Bristol. Michael Davitt Building & Loan Association, 1805 Spring Garden Street, Phil

adelphia. The Mifflin County Building & Loan Association, 15 North Brown Street, Lewis

town. Mifflin Township Building & Loan Association, 3502 Main Street, Homestead. Miners and Laborers Building & Loan Association, 35 East Third Street, Mount

Carmel. Minersville Progressive Building & Loan Association, 240 Sunbury Street, Miner s

ville. Monroe Building & Loan Association, 1804 Carson Street, Pittsburgh. Montour Valley Savings, Building & Loan Association, Imperial State Bank Build

ing, Imperial. Mortgage Security Building & Loan Association, 31 East Upsal Street, Philadel

phia. Mt. Oliver and Knoxville Building & Loan Association, 211 Brownsville Road,

Pittsburgh. Mt. Troy Building & Loan Association of Reserve Township, Allegheny County,

2021 Mount Troy Road, North Side, Pittsburgh. Mozart Building & Loan Association, 14 Wabash Street, Pittsburgh. Mutual Building & Loan Association, 1312 Sixth Avenue, Altoona. Mutual Building & Loan Association, 2402 Peach Street, Erie. Mutual Building & Loan Association, 603 Third Avenue, Freedom. Mutual Building & Loan Association, 39 South Main Street, Shenandoah. Mutual Building & Loan Association of Langhorne, Community House, Lang

horne, Bucks County. National Loan & Building Association of Altoona, 1901 Fourth Avenue, Altoona. National Security Building Association, Philadelphia. Nazareth Building & Loan Association, 56 South Main Street, Nazareth. New American Building & Loan Association, 4716 Liberty Avenue, Pittsburgh. New Castle Mutual Building & Loan Association, 16 East Street, New Castle. New Century Building & Loan Association, 4625 Liberty Avenue, Pittsburgh. New Columbia Building & Loan Association, Pittsburgh (Allegheny County). NewjEighteenth Ward German Building & Loan Association, 746 Warrington Ave

nue, Pittsburgh. New Southwark Building Association, 1241 Marlboro Street, Philadelphia. Nicholson Building & Loan Association, Odd Fellows' Hall, Broad and Federal

Streets, Philadelphia. Norris Building Association, Norristown, Montgomery County. North Avenue Building & Loan Association No. 3, 707 East Ohio Street, North

Side, Pittsburgh. North Boroughs Building & Loan Association of Emsworth, Center Avenue,

Emsworth. North East Square Building & Loan Association, Philadelphia. North Penn Building & Loan Association of Lansdale, Lansdale. North Philadelphia Mutual Building & Loan Association, 3218 North Front

Street, Philadelphia. Oakdale Savings & Loan Association, 50 Union Avenue, Oakdale. Old Reliable Building & Loan Association, 1523 Franklin Street, Pittsburgh. Old York Road Building & Loan Association, Germantown Avenue, Airdrie

Street, Philadelphia. Olney Building & Loan Association, Rising Sun Avenue and Tabor Road, Olney. Orpheus Building & Loan Association of Pittsburgh, Pittsburgh.



Our Home Building & Loan Association, Philadelphia. Overbrook Building & Loan Association, 2400 Saw Mill Run Boulevard, Pitts

burgh. Own-A-Home Building & Loan Association, 309 East Main Street, Carnegie. Pattison Building & Loan Association, 119 South Fifteenth Street, Pittsburgh. Pelham Building & Loan Association, Philadelphia County, Philadelphia. Penn-Hays Building & Loan Association, 314 Hays Street, Mount Oliver (Pitts

burgh). Penn Mutual Building & Loan Association of Germantown, 5727 Germantown

Avenue, Philadelphia. Pennsylvania Savings Fund Association of New Castle, 132 West Long Avenue,

New Castle. Pennsylvania Savings & Loan Association, 623 Front Street, Cresson. Pennsylvania System Building & Loan Association, Pennsylvania Railroad

Building, Pittsburgh. Pennsylvania Treaty Building Association, 2515 Germantown Avenue, Phila

delphia. Peoples Building & Loan Association, 1200 Eleventh Avenue, Altoona. Peoples Building & Loan Association, 1411 Seventh Avenue, Beaver Falls. Peoples Building & Loan Association, 32 Bridge Street, Etna. Peoples Building & Loan Association, 407 Ringgold Street, McKeesport. Peoples Building & Loan Association, 317 Pine Street, Williamsport. Peoples Building & Loan Association of Norristown, 507 Swede Street, Norris

town. Peoples Home Building & Loan Association, 7216 Kelly Street, Pittsburgh. Phillipsburg Building & Loan Association, Tenth Street and Pennsylvania

Avenue, Monaca. Phoenix Building & Loan Association of Altoona, room 413, Union Bank Build

ing, Altoona. Pitcairn Building & Loan Association, 551 Fifth Street, Pitcairn. Pittston Building & Loan Association No. 1, Pittston. Pius Building & Loan Association, 96 Pius Street, Pittsburgh. Pleasant Valley Building & Loan Association, Columbus Avenue and Irvin

Boulevard, Pittsburgh. Polish-American Savings, Building & Loan Association, 136-8 West Girard

Avenue, Philadelphia. Polonia Building & Loan Association, Philadelphia. Polonia Building & Loan Association, South Eighteenth Street and Carey Way,

Pittsburgh. Potomac Building & Loan Association, 1431 Potomac Avenue, Dormont (Pitts

burgh). Pottstown Building & Loan Association, 27 North Hanover Street, Pottstown. Powderly Building & Loan Association, 2237 Salisbury Avenue, Pittsburgh. Preston Building & Loan Association, 1736 West Columbia Avenue, Philadelphia. Progessive Home Building & Loan Association, southwest corner Broad and

Federal Streets, Philadelphia. Progressive Mautual Savings Fund & Loan Association of Pittsburgh, 1411

Carson Street, Pittsburgh. Provident Building & Loan Association, Penn Central Building, Eleventh

Avenue and Twelfth Street, Altoona, Blair County. Prudential Building & Loan of Philadelphia, Philadelphia. Reading Savings & Loan Association, 434 Walnut Street, Reading. The Real Estate Loan Association, 4215 Haverford Avenue, Philadelphia. Reliable Building & Loan Association, 437 Railroad Street, Bridgeville. Reliance Building & Loan Association of Germantown, 18 West Chilton Avenue,

Germantown (Philadelphia). Relief Building & Loan Association, 120 Brownsville Road, Mount Oliver

(Pittsburgh). Reserve Building & Loan Association, Ridge Avenue and Green Lane, Phila

delphia. Revenue Building & Loan Association, 320 Grant Avenue, Millvale. Rich Valley Building & Loan Association, 309 East Main Street, Carnegie. Ridgway Building & Loan Association, Masonic Temple, Ridgway. Ridley Park Building Association, Swarthmore and Hinckley Avenue, Ridley

Park. Roosevelt Premium Building & Loan Association of Allegheny City, 737 East

Ohio Street, North Side, Pitusburgh. 115263-35- 3



The Rose Building & Loan Association of Pittsburgh, Pittsburgh. Ryers Building & Loan Association, 7326 Oxford Avenue, Philadelphia. Safe Investment Building & Loan Association, 1312 Beaver Avenue, Pittsburgh. St. Agatha's Building & Loan Association, 40101 Haverford Avenue, Philadelphia. St. Edmond's Building & Loan Association of Philadelphia, Philadelphia. Saint Gabriel Building & Loan Association, 2608 North Twenty-ninth Street,

Philadelphia. Saint John's Building & Loan Association, Saint John's Parish Hall, Rector Street,

Manayunk (Philadelphia). The St. Marys Savings & Investment Association, Farmers & Mechanics Bank,

St. Marys, Elk County. St. Simeon's Building & Loan Association, Philadelphia. Sarah Building & Loan Association, 2116 Carson Street, Pittsburgh. Sarsfield Building & Loan Association, 1204 Land Title Building, Philad

second annual report 1934 - fraser · 2018. 11. 7. · second annual report of the federal home...

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