Exhibit 7

FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION

Income and expense statement

Exhibit 8

Exhibit 9

HOME OWNERS' LOAN CORPORATION

Balance sheet at Dec. 31, 1949

ASSETS

Mortgage loans, vendee accounts and advances-at present

Bond retirement fund: Cash (including $1,855,125 deposited with U. S. Treasury for retirement of matured bonds) ____

Cash:

Operating funds-(includes $2,301,579.32
payable to bond retirement fund in
January 1950; and $1,616,477.97 de-
posited by borrowers and employees)—
(see contra).

Special funds held by the U. S. Treasury
for payment of bond interest (see
contra)

$8, 886, 256. 50

1,918, 320. 85

217, 890. 08

Bonded indebtedness:
(Guaranteed as to principal and interest
by United States, except $92,125 of
unpaid matured bonds guaranteed as to
interest only):

Bonds outstanding-not matured___ $29, 000, 000. 00
Bonds matured-on which interest

Authorized, issued, and outstanding-------$200, 000, 000. 00 Surplus____

8, 791, 300. 35 208, 791, 300. 35

252, 334, 106. 50