Consolidated statement covering periods: Aug. 1, 1953-Sept. 30, 1956;
Oct. 1-Dec. 31, 1956; and Jan. 1-Mar. 31, 19571—Continued

Consolidated statement covering periods: Aug. 1, 1953-Sept. 30, 1956;
Oct. 1-Dec. 31, 1956; and Jan, 1-Mar. 31, 19571-Continued

Consolidated statement covering periods: Aug. 1, 1953-Sept. 30, 1956;
Oct. 1-Dec. 31, 1956; and Jan. 1-Mar. 31, 1957 1—Continued

Consolidated statement covering periods: Aug. 1, 1953-Sept. 30, 1956;
Oct. 1-Dec. 31, 1956; and Jan. 1-Mar. 31, 19571-Continued

1 This tabulation reflects a combination of data previously developed and reported in 3 different tabulations covering loans on which disbursement was initiated during (1) the period from Aug. 1, 1953 to Sept. 30, 1956 (published in the Final Report of the Select Committee on Small Business, House of Representatives, 84th Cong., H. Rept. No. 2970); (2) the calendar quarter ended Dec. 31, 1956 (published in pt. I of the hearings befor Subcommittee No. 2 of the Select Committee on Small Business, House of Representatives, 85th Cong., 1st sess.); and (3) the calendar quarter ended Mar. 31, 1957 (to be published in pt. II of the hearings before Subcommittee No. 2). Amounts reported as disbursed do not necessarily represent the total amounts disbursed to date on the particular loans involved since the three different tabulations each covered only those loans on which disbursement was initiated during the specified period and for such loans reflected the amounts disbursed during that period. Thus, disbursements during the quarters ended Dec. 31, 1956 or Mar. 31, 1957, on a loan for which disbursement was begun prior to Sept. 30, 1956, were not included in the data for those 2 calendar quarters.

Source: Office of Controller, Budget and Reports Division, May 29, 1957.

Mr. TALLE. Would the gentleman yield?

Mr. PATMAN. Yes.

Mr. TALLE. Do I understand the bill you are speaking of now will be introduced as a substitute for the Multer subcommittee bill?

Mr. PATMAN. No, there is no substitute. Mr. Multer's bill did not come out in time for us to have a meeting of the whole committee. I expect to have the whole committee meet and we might merge them or accept Mr. Multer's bill.

But we want to have the whole committee pass on it.

Mr. TALLE. I see.

Mr. PATMAN. Do you have any WOC's working for you, Mr. Barnes?

Mr. BARNES. No, sir. On what you just said, Mr. Patman, there are a number of things I would want to put in the record. We have made a number of loans over $250,000 where the bank took the excess. I would like to introduce a schedule at this point, showing the number of those loans, and what the amounts were.

Actually, there were 77 applications in the total amount of $25 million.

We approved 36, for 12,856,000.

All those loans were in excess of $250,000. On the purchase municipal bonds, and obligations in order that you and the committee would have an idea of the amounts involved in this, I have a list of some of the substantial purchases made by the Reconstruction Finance Corporation of municipalities under that provision of the law, which, if I understand correctly, you are referring to.

Mr. PATMAN. Yes.

Mr. BARNES. I would insert that in the record at this point.

Mr. PATMAN. I ask that be inserted in the record, Mr. Chairman. That is along the line we would like to have.

(The information is as follows:)

Reconstruction Finance Corporation, Office of Loans, Public Agency Division

Mr. PATMAN. Mr. Brown said I could use the time he didn't use.

It was five minutes.