No. 1103. CHARACTERISTICS OF FIRST MORTGAGE LOANS FOR PURCHASE of Single- [Percent, except as indicated. Monthly averages. Refers to loans originated directly (rather than through correspondents) by savings and loan associations, life insurance companies, mortgage companies, commercial banks, and mutual savings banks] 1 Not strictly comparable with data for earlier years because of technical changes in procedures for compiling averages. See Federal Home Loan Bank Board, monthly news release dated April 28-May 1, 1967 for discussion of changes. ? Include only discounts and initial payments that provide additional income to lender; exclude reimbursable closing costs. Expressed as percent of principal mortgage amount. Source: Federal Home Loan Bank Board; monthly news releases. No. 1104. RESIDENTIAL LOANS UNDERWRITTEN BY FHA AND VA: 1940 to 1966 [In millions of dollars. FHA-insured loans represent gross amount of insurance written; VA-guaranteed loans, gross amount of loans closed. Figures do not take account of principal repayments on previously insured or guaranteed loans. For VA-guaranteed loans, amounts by type are derived from data on number and average amount of loans closed. See also Historical Statistics, Colonial Times to 1957, series N 179-185] X Not applicable. 1 Not ordinarily secured by mortgages. 2 Includes a small amount of alteration and repair loans, not shown separately; only such loans in amounts of more than $1,000 need be secured. Source: Board of Governors of the Federal Reserve System. Current data in Federal Reserve Bulletin. No. 1105. HOME LOANS GUARANTEED BY VA-PERCENT DISTRIBUTION, SELECTED CHARACTERISTICS: 1955 TO 1966 [Covers veterans regardless of place of residence. Based on complete count of primary loans closed] ITEM PURCHASE PRICE BY No. 1106. CHARACTERISTICS OF VA-GUARANTEED HOME LOANS, BY MONTHLY [Based on a 20-percent sample of loan applications submitted to the Veterans Administration for prior approval ITEM All incomes $700 and over $399 $699 1 Repayments of mortgage principal and interest with an additional allowance for taxes, insurance, heat, utilities and maintenance. Source: Veterans Administration; unpublished data. No. 1107. ESTIMATED NONFARM REAL ESTATE FORECLOSURES: 1930 To 1966 [Excludes Alaska and Hawaii. Based on data from approximately 1,700 counties, cities, townships, or other government divisions. Represents number of properties acquired through foreclosure proceedings. Excludes voluntary deeds of sale in lieu of foreclosure and defaults on real estate contracts. See also Historical Statistics, Colonial Times to 1957, series N 189] Source: Federal Home Loan Bank Board; Savings and Home Financing Source Book. No. 1108. URBAN PLANNING ASSISTANCE PROGRAM-SUMMARY: 1954 TO 1966 [Includes Puerto Rico, Guam, and Virgin Islands. Planning grants are made to State planning agencies, and metropolitan, regional, or other qualified planning agencies] 1 First approval under this program took place in November 1954. ? Represents the Federal contribution to defray the costs of urban planning authorized by the program. Areas with population of 50,000 or more, major disaster areas, and Federally impacted areas. Source: Dept. of Housing and Urban Development, Metropolitan Development; Annual Report. No. 1109. URBAN RENEWAL Program-SUMMARY: 1949 to 1966 [Money figures in thousands of dollars. Includes Puerto Rico and Virgin Islands. Represents Federal grant assistance to localities by the Renewal Assistance Administration for urban renewal activities] X Not applicable. 739 Represents Federal contribution in the form of project grants, relocation grants, rehabilitation grants and planning advances not collected from terminated projects. 2 First approval under this program took place in March 1950. 5 First approval under this program took place in November 1965. Source: Dept. of Housing and Urban Development, Renewal Assistance Administration; Annual Report, and unpublished data. 3 First approval under this program took place in January 1966. First approval under this program took place in August 1960. Section 29 This section presents measures of the manufacturing segment of the economy and its component inputs and outputs. The input data include figures for establishments; employment and wages; raw materials, fuels, and electricity consumed; plant and equipment expenditures; and water use. The output data include figures for value and quantity of production and shipments; and value added by manufacture. Both types of data are shown for manufacturing as a whole, for major product groups, and for specific selected products. The principal sources of these data are the reports of the Census of Manufactures conducted periodically by the Bureau of the Census; the same agency's Annual Survey of Manufactures; and its Current Industrial Reports series which presents monthly, quarterly, or annual data on production, shipments, and stocks for particular commodities. Indexes of industrial production are presented monthly in the Federal Reserve Board's Federal Reserve Bulletin. Reports on current activities of industries, or current movements of individual commodities, are also compiled by such government agencies as Bureau of Labor Statistics, Statistical Reporting Service of the Department of Agriculture, Business and Defense Services Administration, Fish and Wildlife Service, Tariff Commission, and Internal Revenue Service; and by private research or trade associations such as the American Iron and Steel Institute, the National Canners Association, and the National Association of Hosiery Manufacturers. Data on financial operations and intercorporate relations of manufacturing corporations are collected from time to time by the Securities and Exchange Commission, the Tariff Commission, and the Federal Trade Commission. Financial statistics for certain manufacturing industries in the form of balance sheets, profit and loss statements, analyses of sales and expenses, lists of subsidiaries, and types and amounts of security issues are summarized and published for the leading corporations that are registered with the Securities and Exchange Commission. The Tariff Commission publishes commodity surveys which cover economic and competitive aspects of production, distribution, and international trade in selected important industries. Each survey deals with several products which are related because of the raw materials consumed, or because of their competitive uses. The Federal Trade Commission has made several comprehensive studies of individual industries. Censuses and annual surveys.-The first Census of Manufactures covered the year 1809. Thereafter, a census was taken at 10-year intervals to 1899, with the exception of 1829. It was conducted at 5-year intervals from 1904 through 1919, and at 2-year intervals from 1921 through 1939. It was suspended during the war period until the 1947 Census. Thereafter, censuses were taken covering 1954, 1958, and 1963. Recent legislation provides for a quinquennial census to be conducted for years ending in "2" and "7." Thus, the next census will be conducted in 1968 covering manufactures during 1967. The Annual Survey of Manufactures, conducted for the first time in 1949, carries forward, for the intercensal years, measures of manufacturing activity covered in detail by the quinquennial Census of Manufactures. It provides statistics on employment, payrolls, value added by manufacture, inventories, and new capital expenditures for industry groups, individual industries, geographic divisions, States, and large standard metropolitan statistical areas. The most recent annual survey is based on a sample of about 60,000 of an approximate total of 300,000 manufacturing establishments. It comprises all large plants, which account for approximately two-thirds of total manufacturing employment in the United States, and a representative selection of the more numerous small plants. Government-owned and operated establishments are excluded. Establishments and classification.-The 1947, 1954, 1958, and 1963 Censuses of Manufactures covered operating manufacturing establishments as defined in the Standard Industrial Classification Manual issued by the Bureau of the Budget. Reports were required from all establishments employing one or more persons at any time during the census year. Each of the establishments tabulated was classified in one of the more than 400 manufacturing industries as defined by the Standard Industrial Classification system. This system defines an industry as a number of establishments producing a single product or a closely related group of products. An establishment is classified in a particular industry if its production of this product or product group exceeds in value its production of any other product group. In a few instances, the industry classification of an establishment is determined not only by its product group but also by the processes employed in making the products. Final reports of the 1958 Census of Manufactures present data based on the classifications in the 1957 edition of the Standard Industrial Classification Manual and include 1954 data converted to the same basis. Selected industries were reclassified for the 1963 Census. Wherever possible, the corresponding 1958 data were revised to a comparable basis. Because of the revisions in classification, 1954, 1958, and 1963 Census data for some industries and industry groups are not comparable with figures for prior years. The 1967 edition of the Standard Industrial Classification Manual was issued in early 1967. While some establishments produce only the products of the industry in which they are classified, it rarely happens that all the establishments in an industry specialize to that extent. The statistics on employment, payrolls, value added, inventories, and expenditures, therefore, reflect not only the primary activities of the establishments in that industry but also activities of a secondary nature. For this reason the industry statistics usually cannot be directly related to statistics on the total shipments of products primary to the industry. The 1947, 1954, 1958, and 1963 Censuses were conducted on an establishment basis. The term "establishment" signifies a single physical plant site or factory. It is not necessarily identical with the business unit or company, which may consist of one or more establishments. A company operating establishments at more than one location is required to submit a separate report for each location. An establishment engaged in distinctly different lines of activity and maintaining separate payroll and inventory records is also required to submit separate reports. The basic statistical measures of manufacturing activity, such as employment, payrolls, value added, etc., are defined in essentially the same way for the annual surveys as for the Census of Manufactures. Consequently, these series may be considered comparable, except for the changes brought about by the revisions in the industry classification system noted above. However, beginning with 1949, average employment was calculated from the figures reported for the pay periods ending nearest the fifteenth of March, May, August, and November, whereas for 1947 such averages were based on 12 monthly employment figures. The 1954 figures are an average of reported employment totals for the four specified months, except for highly seasonal industries, where a 12-month average was obtained. For 1958 and 1963, averages of production workers for the four specified months plus the March figure for "all other employees' were used for all industries. Figures for 1947 exclude data for central administrative offices and auxiliary establishments of manufacturing concerns, which are included in the statistics for later years. Historical statistics.-Tabular headnotes provide cross-references, where applicable, to Historical Statistics of the United States, Colonial Times to 1957. See preface. |