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Exhibit 4

FEDERAL HOME LOAN BANKS

Consolidated comparative statement of operations for the calendar years 1949 and 1948

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G. R. Parker, president.

Harold L. Tweedy, vice president.

Paul H. Heywood, vice president and William M. Stout, vice president.
secretary.
Dale Park, treasurer.
Beatrice E. Holland, assistant secretary. Warren A. Sutton, secretary.

NEW YORK

DIRECTORS

George MacDonald1 (public interest).
James Bruce (public interest).
Francis V. D. Lloyd 2 (public interest).
Eustace Seligman (public interest).
E. H. Schoonmaker (at large).
Walter J. Babcock (at large).
Willis J. Almekinder (class A).
Cadman H. Frederick (class A).
Joseph Holzka (class B).
John W. Cadman (class B).
Arthur C. Blackwell (class C).
James W. Cullen (class C).

OFFICERS

Nugent Fallon, president.

Denton C. Lyon, vice president and

secretary.

WINSTON-SALEM

DIRECTORS

1

Horace S. Haworth (public interest).
W. Waverly Taylor (public interest).
Raymond D. Knight, (public interest).
James Grayson Luttrell (public inter-
est).

Marion M. Hewell (at large).
Frank Muller, Jr. (at large).
Wallace O. DuVall (class A).
Edward C. Baltz 2 (class A).
Peyton R. Keller (class B).
D. R. Fonville (class B).
George E. Rutledge (class C).
H. L. Sudduth (class C).

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Harold B. Diffenderfer, vice president Joseph W. Holt, president. and treasurer.

John M. Sink, Jr., vice president.

Joseph F. X. O'Sullivan, assistant sec- C. Edwin Kline, secretary.

retary.

1 Chairman.

2 Vice chairman.

James T. Spence, treasurer.

As of January 1, 1950.

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List of directors and officers, as of Dec. 31, 1949-Continued

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A. R. Gardner, president.

W. E. Julius, vice president and treas- John P. Domeier, vice president and

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treasurer.

Allan Anderson, secretary.

Lauretta Quam, assistant treasurer.

DES MOINES

DIRECTORS

Willis L. Williams (public interest).
Harry H. Welsh, Jr. (public interest).
Robert E. Lee Hill (public interest).
John D. Adams (public interest).
J. W. Davis (at large).
C. A. Williams (at large).
C. B. Fletcher (class A).
John W. Ballard (class A).
W. L. Sloan 2 (class B).
E. A. Kamp (class B).
Edward A. Murphy (class C).
Stanton R. Dahlen (class C).

OFFICERS

Robert J. Richardson, president and secretary.

W. H. Lohman, vice president and treasurer.

A. E. Mueller, assistant treasurer.
J. M. Martin, assistant secretary.

2 Vice chairman.

List of directors and officers, as of Dec. 31, 1949-Continued

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Pending and unclaimed insured accounts in liquidated institutions..
Less: Allowance for losses........

Total.......

Furniture, fixtures, and equipment.

Less: Reserve for depreciation..

Total..

Deferred charges:

Home Loan Bank Board.

Fidelity bond and other insurance premiums.

Unallocated preliminary expense on problem cases_

Total.....

85,820. 50

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Total assets.

75, 267.67

218, 904, 507. 19

45, 548. 79 202, 829, 950. 20

LIABILITIES AND CAPITAL

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1 Pursuant to Public Law 860, 80th Cong., cumulative dividends as of June 30, 1948, were determined to be $25,181,749.98. Cumulative dividends thereafter are being computed by the Corporation at the rate of $250,000 monthly.

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