STATUS OF THE LOAN FUND 



During the 1957 fiscal year (ending June 30, 1957), Z58 applications totaling 

 $ 10,670,000 were received. Of these 133 ($ 3,605,000) were approved, 20 ($ 465,000) 

 were declined, 20 ($286,000) were found ineligible, and 5 ($ 270,000) were 

 withdrawn. The remainder were being processed at the close of the fiscal year. 

 Figures 2 and 3 show the number and value of applications received and approved. 



The status of the fund as of June 30, 1957, was as follows: 



Appropriated $ 10,000,000 



Interest collected and accrued 8,760 



Principal collected 18,478 



Total Available 10,027,238 



Administrative Expenses 69,873 



Net loans authorized 3,605,000 



Total Obligations 3,674,873 



Amount available for loans 6,352,365 



Applications being processed 6,044,000 



Area 



North Atlantic 



California 



Pacific 

 Northwest 



Southeast 



Alaska 



Great Lakes 



Hawaii 



1 



No. 410,000 or less 

 No. Over $10,000 

 Value 



Number 



Million dollars 



25 

 1 



50 

 2 



75 

 3 



100 



u 



125 



Figure 2.- -Number and value of loan applications received, fiscal year 1957 



