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Show Land Bank Loans Reach High Peak The Berkeley Federal Land bank made loans on farm properties in Utah, California, Nevada and Arizona during the month of November to the amount of $4 918,400, President Wil-lard Wil-lard D. Ellis announced. This sum is twice greater .than the total loans made by the bank in the whole year of 1932, he added. Of the total loans made in the four states of the Farm Credit administration's administra-tion's eleventh district, $3,280,200 was granted on first mortgages securing farm property loans and $1,638,200 came under the classification of "commissioner's loans", on first and second mortgages on agricultural properties, the latter being drawn out of a special fund of $200,000,000 established es-tablished by the last congress. Distribution Distri-bution of the gross amount of loans by states was as follows: California, $4,275,300; Utah, $402,-000; $402,-000; Arizona, $202,900; Nevada, $38,-200. $38,-200. November's distribution of loans through the land bank was made upon 1414 applications. A report from William I. Myers, governor of the Farm Credit, administration adminis-tration in Washington, just received by the land bank at Berkeley, indicates indi-cates that since July, when enlarged appraisal forces in all of the twelve districts began to make their work felt, the total of loans closed everywhere every-where has doubled each month until the record as of November 24 was more than $100,000,000 farm mortgage mort-gage loans closed in the twelve districts dis-tricts since the organization of the Farm Credit administration May 27. "We feel that, last month's showing !s indicative of the effort being made to meet the pressing demands in this district," President Ellis commented. "Since May the facilities of the eleventh district in terms of personnel have been expanded over 300 per cent. We had ten appraisers in May; now we have 424 in the field, 44 training train-ing and 11 recommended for appointment. appoint-ment. We hope that by the first of the year we may bo considering applications ap-plications practically on a current basis." |