Treas. HJ 10 A2 c.2
S.Y.N.
LIBRARY ROOM 5030
JUN 21 1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
OCTOBER 1939
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
LIBRARY ROOM 5030
JUN 2, 1972
TREASURY DEPARTM
BULLETIN OF THE TREASURY DEPARTMENT
OCTOBER 1939
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Table of Contents
Receipts and Expenditures
<table><tr><td>Fiscal Years 1935-40</td><td>2</td></tr><tr><td>Expenditures by Classes, Receipts by Sources</td><td>3-11</td></tr><tr><td>Social Insurance Accounts</td><td>12-13</td></tr><tr><td>Cash Income and Outgo</td><td>14</td></tr></table>
General Fund and Public Debt
<table><tr><td>Composition of the General Fund</td><td>17</td></tr><tr><td>Composition of the Public Debt</td><td>18</td></tr><tr><td>Net Market Transactions of Treasury Investment Accounts</td><td>18</td></tr><tr><td>Holdings of Government Obligations</td><td>18</td></tr><tr><td>Computed Interest and Yields on Public Debt Issues</td><td>20-22</td></tr></table>
Government Corporations and Credit Agencies
<table><tr><td>Assets, Liabilities and Proprietary Interest</td><td>24</td></tr><tr><td>Sources and Uses of Funds</td><td>25-28</td></tr><tr><td>Issues Outstanding</td><td>29</td></tr></table>
International Capital Movements
<table><tr><td>Summary Table</td><td>31</td></tr><tr><td>Short-term Foreign Assets and Liabilities</td><td>33-34</td></tr><tr><td>Security Transactions and Brokerage Balances</td><td>35-36</td></tr><tr><td>Transactions in U. S. Domestic Securities</td><td>37</td></tr><tr><td>Foreign Exchange Transactions</td><td>39-40</td></tr></table>
Other Monetary Data
<table><tr><td>Exchange Stabilization Account</td><td>42-43</td></tr><tr><td>Gold and Silver Stocks</td><td>44-45</td></tr><tr><td>Silver Production, Movements and Seigniorage</td><td>46-47</td></tr><tr><td>Foreign Exchange and Price Data</td><td>48-49</td></tr></table>
Miscellaneous
<table><tr><td>Commodities Imported Under Quota</td><td>51</td></tr><tr><td>Law Enforcement Statistics</td><td>52</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
-1-
2
Summary Table on Receipts, Expenditures and Public Debt
(In millions of dollars - on basis of daily Treasury statements, unrevised.)
<table><tr><th rowspan="2"></th><th colspan="6">Receipts and Expenditures</th><th rowspan="2"></th><th colspan="6">Public Debt</th></tr><tr><th colspan="6">First 3 months fiscal year-</th><th colspan="5">Outstanding on September 30 of fiscal year-</th><th rowspan="2">Change '39 -'40</th></tr><tr><th></th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th></th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th></tr><tr><td>Receipts.....</td><td>953</td><td>999</td><td>1,136</td><td>788</td><td>1,509</td><td>1,447</td><td>-62</td><td>Market issues, etc.</td><td>26,732</td><td>28,712</td><td>33,206</td><td>34,970</td><td>35,460</td><td>36,795</td><td>+1,335</td></tr><tr><td>Expenditures.</td><td>1,716</td><td>1,556</td><td>1,906</td><td>673</td><td>2,196</td><td>2,413</td><td>+217</td><td>Special issues...</td><td>458</td><td>709</td><td>627</td><td>1,905</td><td>2,933</td><td>4,063</td><td>+1,130</td></tr><tr><td>Deficit....</td><td>763</td><td>557</td><td>770</td><td>115*</td><td>687</td><td>966</td><td>+279</td><td>Gross debt.....</td><td>27,190</td><td>29,421</td><td>33,833</td><td>36,875</td><td>38,393</td><td>40,858</td><td>+2,465</td></tr></table>
Receipts and Expenditures
First 3 Months, Fiscal Years 1935 to 1940
(In millions of dollars - on basis of daily Treasury statements, unrevised)
Fiscal Years 1938, 1939 and 1940
(In millions of dollars - on basis of the 1940 Budget and daily Treasury statements, unrevised.)
<table><tr><th></th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>Change '39 -'40</th></tr><tr><td><b>Receipts</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax.</td><td>217</td><td>278</td><td>360</td><td>594</td><td>577</td><td>408</td><td>-169</td></tr><tr><td>Miscellaneous Internal Revenue.</td><td>454</td><td>527</td><td>626</td><td>707</td><td>636</td><td>715</td><td>+79</td></tr><tr><td>Taxes under Social Security Act.</td><td>-</td><td>-</td><td>-</td><td>163</td><td>140</td><td>153</td><td>+13</td></tr><tr><td>Taxes upon carriers and their employees.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td><td>29</td><td>+3</td></tr><tr><td>Customs.</td><td>78</td><td>97</td><td>102</td><td>116</td><td>81</td><td>88</td><td>+7</td></tr><tr><td>Other.</td><td>204</td><td>97</td><td>48</td><td>70</td><td>49</td><td>54</td><td>+5</td></tr><tr><td><b>Total Receipts</b></td><td>953</td><td>999</td><td>1,136</td><td>1,650</td><td>1,509</td><td>1,447</td><td>-62</td></tr><tr><td><b>Expenditures</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm.</td><td>361</td><td>434</td><td>427</td><td>395</td><td>426</td><td>470</td><td>+44</td></tr><tr><td>Social Security and E. R. Retirement Acts.</td><td>-</td><td>-</td><td>32</td><td>225</td><td>235</td><td>283</td><td>+48</td></tr><tr><td>Agricultural Adjustment Program.</td><td>152</td><td>165</td><td>73</td><td>47</td><td>111</td><td>164</td><td>+53</td></tr><tr><td>Interest on the public debt.</td><td>109</td><td>136</td><td>180</td><td>192</td><td>176</td><td>185</td><td>+9</td></tr><tr><td>Public Works.</td><td>222</td><td>171</td><td>284</td><td>241</td><td>209</td><td>244</td><td>+35</td></tr><tr><td>Unemployment relief.</td><td>499</td><td>437</td><td>610</td><td>458</td><td>654</td><td>497</td><td>-157</td></tr><tr><td>Loans and stock subscriptions.</td><td>186</td><td>284</td><td>13</td><td>37</td><td>36</td><td>52</td><td>+16</td></tr><tr><td>Other.</td><td>187</td><td>241</td><td>287</td><td>303</td><td>349</td><td>518</td><td>+169</td></tr><tr><td><b>Total Expenditure.</b></td><td>1,716</td><td>1,556</td><td>1,906</td><td>1,908</td><td>2,196</td><td>2,413</td><td>+217</td></tr><tr><td><b>Excess of Expenditures.</b></td><td>763</td><td>557</td><td>770</td><td>258</td><td>687</td><td>966</td><td>+279</td></tr></table>
Excess of credits, deduct.
<table><tr><th></th><th>Actual 1938</th><th>Actual 1939</th><th>Estimated 1940</th><th>Actual 3 months 1940</th></tr><tr><td><b>Receipts:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax</td><td>2,635</td><td>2,182</td><td>1,903</td><td>408</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>2,279</td><td>2,232</td><td>2,333</td><td>715</td></tr><tr><td>Taxes under Social Security Act</td><td>604</td><td>631</td><td>686</td><td>153</td></tr><tr><td>Taxes upon carriers and their employees</td><td>150</td><td>109</td><td>124</td><td>29</td></tr><tr><td>Customs</td><td>359</td><td>319</td><td>404</td><td>88</td></tr><tr><td>Other</td><td>215</td><td>195</td><td>219</td><td>54</td></tr><tr><td><b>Total Receipts</b></td><td>6,242</td><td>5,668</td><td>5,669</td><td>1,447</td></tr><tr><td><b>Expenditures:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm</td><td>1,610</td><td>1,720</td><td>1,941</td><td>470</td></tr><tr><td>Social Security and R. R. Retirement Acts</td><td>523</td><td>954</td><td>1,068</td><td>283</td></tr><tr><td>Agricultural Adjustment Program</td><td>362</td><td>782</td><td>694</td><td>164</td></tr><tr><td>Interest on the public debt</td><td>926</td><td>940</td><td>1,050</td><td>185</td></tr><tr><td>Public Works</td><td>794</td><td>948</td><td>595</td><td>244</td></tr><tr><td>Unemployment relief</td><td>1,914</td><td>2,595</td><td>1,980</td><td>497</td></tr><tr><td>Loans and stock subscriptions</td><td>135</td><td>212</td><td>177</td><td>52</td></tr><tr><td>Other</td><td>1,062</td><td>1,059</td><td>1,490</td><td>518</td></tr><tr><td><b>Total Expenditures</b></td><td>7,626</td><td>9,210</td><td>8,995</td><td>2,413</td></tr><tr><td><b>Net deficit</b></td><td>1,384</td><td>3,542</td><td>3,326</td><td>966</td></tr><tr><td><b>Financing of deficit:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in debt</td><td></td><td></td><td></td><td></td></tr><tr><td>Market issues</td><td>378 1/2</td><td>2,180</td><td>2,376</td><td>293</td></tr><tr><td>Special issues</td><td>1,118</td><td>1,094</td><td>950</td><td>125</td></tr><tr><td><b>Total debt increase</b></td><td>740</td><td>3,274</td><td>3,326</td><td>418</td></tr><tr><td><b>Net increase in working balance, general and special accounts (deduct)</b></td><td>641*</td><td>268*</td><td>-</td><td>548</td></tr><tr><td></td><td>1,384</td><td>3,542</td><td>3,326</td><td>966</td></tr></table>
1/ Decrease, deduct. Decrease in balance, add.
RECONCILIATION, DEFICIT AND DEBT INCREASED FIRST 3 MONTHS OF FISCAL YEAR 1940
<table><tr><td>Increase in debt:</td><td></td><td></td></tr><tr><td>New issues (less redemptions)</td><td>418</td><td></td></tr><tr><td>Accounted for:</td><td></td><td>966</td></tr><tr><td>Default</td><td>660</td><td>548</td></tr><tr><td>Decrease, cash balance</td><td>112</td><td></td></tr><tr><td>Less trust fund net expenditures</td><td></td><td></td></tr></table>
418
3
Monthly Receipts, Expenditures and Excess of Expenditures
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Receipts</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>211</td><td>206</td><td>420</td><td>182</td><td>237</td><td>391</td><td>218</td><td>286</td><td>449</td><td>260</td><td>247</td><td>385</td><td>3,492</td></tr><tr><td>1935</td><td>203</td><td>214</td><td>601</td><td>228</td><td>246</td><td>463</td><td>279</td><td>299</td><td>421</td><td>235</td><td>234</td><td>434</td><td>3,857</td></tr><tr><td>1936</td><td>228</td><td>218</td><td>752</td><td>231</td><td>256</td><td>529</td><td>294</td><td>343</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937</td><td>284</td><td>275</td><td>1,011</td><td>363</td><td>335</td><td>858</td><td>409</td><td>453</td><td>788</td><td>333</td><td>327</td><td>866</td><td>6,312</td></tr><tr><td>1938</td><td>335</td><td>349</td><td>960</td><td>273</td><td>375</td><td>774</td><td>311</td><td>487</td><td>711</td><td>332</td><td>382</td><td>704</td><td>5,993</td></tr><tr><td>1939</td><td>308</td><td>417</td><td>737</td><td>268</td><td>397</td><td>613</td><td>308</td><td>420</td><td>719</td><td></td><td></td><td></td><td></td></tr><tr><td>Expenditures</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>720</td><td>934</td><td>580</td><td>644</td><td>483</td><td>643</td><td>611</td><td>561</td><td>544</td><td>790</td><td>598</td><td>647</td><td>7,755</td></tr><tr><td>1935</td><td>488</td><td>531</td><td>574</td><td>785</td><td>596</td><td>858</td><td>616</td><td>438</td><td>588</td><td>805</td><td>535</td><td>637</td><td>7,451</td></tr><tr><td>1936</td><td>538</td><td>489</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>681</td><td>569</td><td>728</td><td>9,384</td></tr><tr><td>1937</td><td>588</td><td>613</td><td>815</td><td>757</td><td>564</td><td>1,295</td><td>677</td><td>558</td><td>702</td><td>612</td><td>499</td><td>680</td><td>8,350</td></tr><tr><td>1938</td><td>534</td><td>528</td><td>752</td><td>643</td><td>569</td><td>937</td><td>763</td><td>683</td><td>765</td><td>771</td><td>678</td><td>870</td><td>8,493</td></tr><tr><td>1939</td><td>693</td><td>662</td><td>879</td><td>786</td><td>745</td><td>973</td><td>807</td><td>822</td><td>793</td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of expenditure</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>509</td><td>728</td><td>160</td><td>462</td><td>246</td><td>252</td><td>393</td><td>275</td><td>95</td><td>530</td><td>351</td><td>262</td><td>4,263</td></tr><tr><td>1935</td><td>285</td><td>317</td><td>-27</td><td>557</td><td>350</td><td>395</td><td>337</td><td>139</td><td>167</td><td>570</td><td>301</td><td>203</td><td>3,594</td></tr><tr><td>1936</td><td>310</td><td>271</td><td>-108</td><td>417</td><td>437</td><td>1,909</td><td>367</td><td>249</td><td>184</td><td>409</td><td>336</td><td>211</td><td>4,992</td></tr><tr><td>1937</td><td>304</td><td>338</td><td>-196</td><td>394</td><td>229</td><td>427</td><td>268</td><td>105</td><td>-86</td><td>279</td><td>172</td><td>-186</td><td>2,048</td></tr><tr><td>1938</td><td>199</td><td>179</td><td>-208</td><td>370</td><td>194</td><td>163</td><td>452</td><td>196</td><td>54</td><td>439</td><td>296</td><td>166</td><td>2,500</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>142</td><td>518</td><td>348</td><td>360</td><td>499</td><td>402</td><td>75</td><td></td><td></td><td></td><td></td></tr></table>
Note: Negative figures denote excess of receipts.
Summary of Receipts and Expenditures
(In millions of dollars - on basis of daily Treasury statements, unrevised) 1/
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="6">Receipts</th><th colspan="5">Expenditures 2/</th><th rowspan="2">Excess of receipts (+) or expenditures (-)</th></tr><tr><th>Total</th><th colspan="4">Internal revenue</th><th>Customer</th><th>Miscellaneous receipts</th><th>Total</th><th>General</th><th>Recovery and relief</th><th>Revolving funds (net)</th><th>Transfers to trust account etc.</th><th>Debt retirement</th></tr><tr><th></th><th></th><th>Total</th><th>Income tax</th><th>Social Security 3/</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>746</td><td>-</td><td>858</td><td>251</td><td>225</td><td>4,325</td><td>3,283</td><td>385</td><td>74</td><td>121</td><td>461</td><td>-2,245</td></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>818</td><td>-</td><td>1,823</td><td>313</td><td>162</td><td>6,371</td><td>2,681</td><td>2,763</td><td>496</td><td>71</td><td>360</td><td>-3,255</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>1,099</td><td>-</td><td>2,179</td><td>343</td><td>179</td><td>7,583</td><td>3,225</td><td>3,369</td><td>345</td><td>71</td><td>574</td><td>-3,783</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>1,427</td><td>-</td><td>2,086</td><td>387</td><td>216</td><td>9,069</td><td>3,399</td><td>3,441</td><td>11</td><td>1,814</td><td>403</td><td>-4,953</td></tr><tr><td>1937</td><td>5,294</td><td>4,598</td><td>2,158</td><td>253</td><td>2,187</td><td>486</td><td>210</td><td>8,546</td><td>4,297</td><td>3,073</td><td>204</td><td>868</td><td>104</td><td>-3,253</td></tr><tr><td>1938</td><td>6,242</td><td>5,675</td><td>2,635</td><td>755</td><td>2,285</td><td>359</td><td>208</td><td>7,691</td><td>4,661</td><td>2,238</td><td>121</td><td>607</td><td>65</td><td>-1,450</td></tr><tr><td>1939</td><td>5,668</td><td>5,154</td><td>2,182</td><td>740</td><td>2,232</td><td>319</td><td>195</td><td>9,268</td><td>5,328</td><td>3,105</td><td>92</td><td>685</td><td>58</td><td>-3,600</td></tr><tr><td>1938-Sept...</td><td>711</td><td>671</td><td>498</td><td>3</td><td>170</td><td>29</td><td>11</td><td>765</td><td>453</td><td>243</td><td>10</td><td>45</td><td>14</td><td>-54</td></tr><tr><td>Oct....</td><td>332</td><td>284</td><td>41</td><td>34</td><td>209</td><td>31</td><td>17</td><td>771</td><td>454</td><td>262</td><td>10</td><td>44</td><td>2</td><td>-439</td></tr><tr><td>Nov....</td><td>382</td><td>340</td><td>36</td><td>129</td><td>175</td><td>27</td><td>14</td><td>678</td><td>374</td><td>248</td><td>7</td><td>48</td><td>1</td><td>-296</td></tr><tr><td>Dec....</td><td>704</td><td>664</td><td>481</td><td>3</td><td>180</td><td>25</td><td>15</td><td>870</td><td>500</td><td>307</td><td>6</td><td>48</td><td>9</td><td>-166</td></tr><tr><td>1939-Jan....</td><td>308</td><td>264</td><td>48</td><td>43</td><td>173</td><td>24</td><td>20</td><td>693</td><td>391</td><td>257</td><td>6</td><td>39</td><td>1</td><td>-385</td></tr><tr><td>Feb....</td><td>417</td><td>380</td><td>56</td><td>182</td><td>142</td><td>22</td><td>16</td><td>662</td><td>348</td><td>254</td><td>10</td><td>50</td><td>-</td><td>-245</td></tr><tr><td>Mar....</td><td>737</td><td>693</td><td>506</td><td>4</td><td>183</td><td>29</td><td>15</td><td>879</td><td>499</td><td>297</td><td>6</td><td>68</td><td>10</td><td>-142</td></tr><tr><td>Apr....</td><td>268</td><td>226</td><td>40</td><td>30</td><td>156</td><td>29</td><td>13</td><td>786</td><td>456</td><td>266</td><td>8</td><td>55</td><td>1</td><td>-518</td></tr><tr><td>May....</td><td>397</td><td>355</td><td>43</td><td>124</td><td>188</td><td>25</td><td>17</td><td>745</td><td>425</td><td>262</td><td>7</td><td>50</td><td>1</td><td>-348</td></tr><tr><td>June...</td><td>614</td><td>575</td><td>355</td><td>25</td><td>195</td><td>25</td><td>14</td><td>972</td><td>635</td><td>252</td><td>8</td><td>56</td><td>21</td><td>-360</td></tr><tr><td>July...</td><td>308</td><td>265</td><td>42</td><td>36</td><td>187</td><td>26</td><td>17</td><td>807</td><td>419</td><td>220</td><td>1</td><td>167</td><td>-</td><td>-499</td></tr><tr><td>Aug....</td><td>420</td><td>374</td><td>37</td><td>119</td><td>218</td><td>27</td><td>19</td><td>822</td><td>424</td><td>321</td><td>11</td><td>66</td><td>-</td><td>-402</td></tr><tr><td>Sept...</td><td>719</td><td>667</td><td>328</td><td>27</td><td>312</td><td>36</td><td>16</td><td>793</td><td>559</td><td>170</td><td>5</td><td>50</td><td>9</td><td>-74</td></tr></table>
1/ Figures in this and three succeeding tables are rounded to nearest million and will not necessarily add to totals.
2/ Excluding postal revenues but including postal deficit.
3/ Including Railroad Retirement.
4/ Less than $500,000.
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1934 to Date
4
5
Expenditures - General
(In millions of dollars - on basis of daily Treasury statement, unrevised)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Departmental</th><th>National defense</th><th>Veterans' Administration</th><th>Public Works</th><th>Agricultural Adjustment program</th><th>Civilian Conservation Corps</th><th>Social Security and Railroad Retirement Acts</th><th>Interest on the public debt</th><th>Other</th></tr><tr><td>1933</td><td>3,283</td><td>807</td><td>668</td><td>763</td><td>118</td><td>-</td><td>-</td><td>-</td><td>689</td><td>238</td></tr><tr><td>1934</td><td>2,681</td><td>341</td><td>480</td><td>507</td><td>154</td><td>289</td><td>2/3</td><td>-</td><td>757</td><td>153</td></tr><tr><td>1935</td><td>3,225</td><td>356</td><td>534</td><td>556</td><td>80</td><td>712</td><td>3/3</td><td>-</td><td>821</td><td>166</td></tr><tr><td>1936</td><td>3,399</td><td>429</td><td>764</td><td>576</td><td>150</td><td>533</td><td>3/3</td><td>29</td><td>749</td><td>169</td></tr><tr><td>1937</td><td>4,297</td><td>505</td><td>856</td><td>580</td><td>311</td><td>527</td><td>321</td><td>188</td><td>866</td><td>143</td></tr><tr><td>1938</td><td>4,661</td><td>559</td><td>974</td><td>582</td><td>471</td><td>362</td><td>325</td><td>290</td><td>926</td><td>172</td></tr><tr><td>1939</td><td>5,328</td><td>645</td><td>1,075</td><td>552</td><td>536</td><td>787</td><td>290</td><td>345</td><td>941</td><td>157</td></tr><tr><td>1938-Sept.</td><td>453</td><td>45</td><td>84</td><td>47</td><td>52</td><td>25</td><td>26</td><td>10</td><td>146</td><td>18</td></tr><tr><td>Oct.</td><td>454</td><td>51</td><td>90</td><td>46</td><td>57</td><td>63</td><td>25</td><td>49</td><td>67</td><td>6</td></tr><tr><td>Nov.</td><td>374</td><td>55</td><td>92</td><td>46</td><td>50</td><td>70</td><td>23</td><td>28</td><td>9</td><td>1</td></tr><tr><td>Dec.</td><td>500</td><td>46</td><td>91</td><td>45</td><td>48</td><td>53</td><td>23</td><td>14</td><td>173</td><td>7</td></tr><tr><td>1939-Jan.</td><td>391</td><td>61</td><td>94</td><td>46</td><td>45</td><td>53</td><td>23</td><td>33</td><td>30</td><td>6</td></tr><tr><td>Feb.</td><td>348</td><td>55</td><td>77</td><td>44</td><td>36</td><td>61</td><td>22</td><td>26</td><td>17</td><td>10</td></tr><tr><td>Mar.</td><td>499</td><td>51</td><td>91</td><td>46</td><td>36</td><td>94</td><td>24</td><td>24</td><td>120</td><td>13</td></tr><tr><td>Apr.</td><td>456</td><td>52</td><td>87</td><td>46</td><td>33</td><td>98</td><td>22</td><td>37</td><td>66</td><td>15</td></tr><tr><td>May</td><td>425</td><td>54</td><td>90</td><td>45</td><td>39</td><td>106</td><td>23</td><td>33</td><td>10</td><td>25</td></tr><tr><td>June</td><td>635</td><td>49</td><td>95</td><td>45</td><td>44</td><td>73</td><td>24</td><td>18</td><td>272</td><td>15</td></tr><tr><td>July</td><td>419</td><td>64</td><td>100</td><td>45</td><td>48</td><td>55</td><td>26</td><td>44</td><td>15</td><td>22</td></tr><tr><td>Aug.</td><td>424</td><td>54</td><td>106</td><td>46</td><td>57</td><td>45</td><td>28</td><td>36</td><td>18</td><td>34</td></tr><tr><td>Sept.</td><td>559</td><td>59</td><td>102</td><td>45</td><td>57</td><td>68</td><td>24</td><td>22</td><td>151</td><td>31</td></tr></table>
1/ Includes public buildings, public highways, rivers and harbors, Tennessee Valley Authority, Rural Electrification Administration and reclamation projects.
2/ Included under Recovery and Relief in these years.
Expenditures - Recovery and Relief
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="2">Public works, including work relief</th><th>Relief</th><th>Agricultural Aid</th><th>Aid to home owners</th><th>Miscellaneous</th></tr><tr><th></th><th></th><th>WPA 3/</th><th>Other</th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>385</td><td>-</td><td>-</td><td>38</td><td>(*)</td><td>44</td><td>303</td></tr><tr><td>1934</td><td>2,763</td><td>-</td><td>494</td><td>1,844 1/</td><td>49</td><td>195</td><td>182</td></tr><tr><td>1935</td><td>3,369</td><td>-</td><td>816</td><td>2,348 1/</td><td>48</td><td>104</td><td>52</td></tr><tr><td>1936</td><td>3,441</td><td>1,264</td><td>784</td><td>985 1/</td><td>157</td><td>215</td><td>36</td></tr><tr><td>1937</td><td>3,073</td><td>1,896</td><td>741</td><td>78</td><td>64</td><td>298</td><td>(4)</td></tr><tr><td>1938</td><td>2,238</td><td>1,472</td><td>342</td><td>6</td><td>170 2/</td><td>240</td><td>7</td></tr><tr><td>1939</td><td>3,105</td><td>2,240</td><td>606</td><td>2</td><td>50</td><td>198</td><td>8</td></tr><tr><td>1938-Sept.</td><td>243</td><td>194</td><td>36</td><td>*</td><td>4</td><td>9</td><td>(*)</td></tr><tr><td>Oct.</td><td>262</td><td>207</td><td>38</td><td>1</td><td>2</td><td>13</td><td>-</td></tr><tr><td>Nov.</td><td>248</td><td>194</td><td>36</td><td>*</td><td>5</td><td>10</td><td>2</td></tr><tr><td>Dec.</td><td>309</td><td>219</td><td>75</td><td>*</td><td>4</td><td>11</td><td>-</td></tr><tr><td>1939-Jan.</td><td>258</td><td>185</td><td>60</td><td>*</td><td>(1)</td><td>14</td><td>*</td></tr><tr><td>Feb.</td><td>254</td><td>160</td><td>63</td><td>*</td><td>9</td><td>20</td><td>2</td></tr><tr><td>Mar.</td><td>297</td><td>201</td><td>61</td><td>*</td><td>3</td><td>32</td><td>-</td></tr><tr><td>Apr.</td><td>266</td><td>173</td><td>64</td><td>*</td><td>2</td><td>25</td><td>2</td></tr><tr><td>May.</td><td>262</td><td>173</td><td>61</td><td>*</td><td>5</td><td>23</td><td>(*)</td></tr><tr><td>June.</td><td>252</td><td>167</td><td>60</td><td>*</td><td>6</td><td>16</td><td>2</td></tr><tr><td>July.</td><td>220</td><td>143</td><td>60</td><td>*</td><td>-</td><td>11</td><td>-</td></tr><tr><td>Aug.</td><td>321</td><td>134</td><td>51</td><td>*</td><td>125 4/</td><td>9</td><td>2</td></tr><tr><td>Sept.</td><td>170</td><td>106</td><td>55</td><td>*</td><td></td><td>9</td><td>-</td></tr></table>
1/ Includes funds expended for Civilian Conservation Corps during these years.
2/ Includes $94,000,000 restoration of capital impairment of Commodity Credit Corporation.
3/ Prior to fiscal year 1940 figures include National Youth Administration expenditures.
4/ Includes $119,599,918.05 restoration of capital impairment of Commodity Credit Corporation.
( ) Less than $500,000.
( ) Indicated excess of credits, deduct.
6
Expenditures - Revolving Funds (Net), and Transfers to Trust Accounts, etc.
(In millions of dollars - on basis of daily Treasury statement, unrevised)
<table><tr><th>Fiscal year or month</th><th colspan="3">Revolving funds (net)</th><th colspan="6">Transfers to trust accounts, etc.</th></tr><tr><th></th><th>Total</th><th>Agricultural Aid</th><th>Public Works</th><th>Total</th><th>Old-Age Reserve Account</th><th>Railroad Retirement Account</th><th>Adjusted Service Certificate Fund</th><th>Advances to Railroad Unemployment Insurance Account</th><th>Government Employees' Retirement Funds (U.S. share)</th></tr><tr><td>1933</td><td>74</td><td>74</td><td>-</td><td>121</td><td>-</td><td>-</td><td>100</td><td>-</td><td>21</td></tr><tr><td>1934</td><td>496</td><td>346</td><td>150</td><td>71</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td></tr><tr><td>1935</td><td>345</td><td>141</td><td>204</td><td>71</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td></tr><tr><td>1936</td><td>11</td><td>(33)</td><td>44</td><td>1,814</td><td>-</td><td>-</td><td>1,773</td><td>-</td><td>41</td></tr><tr><td>1937</td><td>204</td><td>(18)</td><td>222</td><td>858</td><td>265</td><td>-</td><td>556</td><td>-</td><td>47</td></tr><tr><td>1938</td><td>121</td><td>(13)</td><td>134</td><td>607</td><td>387</td><td>147</td><td>-</td><td>-</td><td>73</td></tr><tr><td>1939</td><td>92</td><td>(8)</td><td>101</td><td>685</td><td>503</td><td>107</td><td>-</td><td>-</td><td>75</td></tr><tr><td>1938-Sept</td><td>10</td><td>(1)</td><td>.11</td><td>45</td><td>33</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>10</td><td>(1)</td><td>11</td><td>44</td><td>32</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nov.</td><td>7</td><td>(1)</td><td>8</td><td>48</td><td>32</td><td>16</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>4</td><td>(2)</td><td>5</td><td>48</td><td>32</td><td>16</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939-Jan.</td><td>5</td><td>(*)</td><td>5</td><td>39</td><td>37</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb.</td><td>10</td><td>(*)</td><td>11</td><td>50</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>6</td><td>(*)</td><td>6</td><td>68</td><td>50</td><td>18</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>8</td><td>(*)</td><td>8</td><td>55</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May.</td><td>7</td><td>(*)</td><td>8</td><td>50</td><td>50</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June.</td><td>8</td><td>(*)</td><td>9</td><td>56</td><td>56</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July.</td><td>1</td><td>(*)</td><td>1</td><td>167</td><td>43</td><td>22</td><td>-</td><td>15</td><td>87</td></tr><tr><td>Aug.</td><td>11</td><td>(1)</td><td>11</td><td>66</td><td>48</td><td>18</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>5</td><td>(1)</td><td>6</td><td>50</td><td>43</td><td>7</td><td>-</td><td>-</td><td>-</td></tr></table>
Less than $500,000. ( ) Indicates excess of credits, deduct.
7
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collectione)
<table><tr><th>Sourcee of Revenue</th><th colspan="2">September</th><th colspan="2">July 1 - September 30</th><th rowspan="2">Sources of Revenue</th><th colspan="2">September</th><th colspan="2">July 1 - September 30</th></tr><tr><th></th><th>1939</th><th>1938</th><th>Fiscal year 1940</th><th>Fiscal year 1939</th><th>1939</th><th>1938</th><th>Fiscal year 1940</th><th>Fiscal year 1939</th></tr><tr><td>Income taxes:</td><td></td><td></td><td></td><td></td><td>Miscellaneous internal revenue - continued</td><td></td><td></td><td></td><td></td></tr><tr><td>Corporation</td><td>169,038</td><td>249,573</td><td>192,984</td><td>282,483</td><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Current</td><td>8,879</td><td>9,987</td><td>38,144</td><td>27,898</td><td>Lubricating oil</td><td>3,144</td><td>2,612</td><td>8,518</td><td>9,833</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Gasoline</td><td>25,496</td><td>20,426</td><td>66,542</td><td>56,059</td></tr><tr><td>Individual</td><td>144,729</td><td>222,549</td><td>153,430</td><td>233,729</td><td>Tires and inner tubes</td><td>4,215</td><td>2,336</td><td>10,806</td><td>6,926</td></tr><tr><td>Current</td><td>6,448</td><td>5,024</td><td>19,543</td><td>18,607</td><td>Automobile trucks</td><td>939</td><td>305</td><td>1,967</td><td>1,102</td></tr><tr><td>Back</td><td>2,204</td><td>8,415</td><td>4,392</td><td>10,363</td><td>Other automobiles and motorcycles</td><td>3,576</td><td>2,192</td><td>10,750</td><td>6,082</td></tr><tr><td>Excessive-profit</td><td></td><td></td><td></td><td></td><td>Parts or accessories for automobiles</td><td>1,142</td><td>629</td><td>2,604</td><td>1,690</td></tr><tr><td>Total income taxes</td><td>331,298</td><td>495,548</td><td>408,493</td><td>573,080</td><td>Electrical energy</td><td>3,658</td><td>3,136</td><td>10,251</td><td>9,202</td></tr><tr><td>Tax on unjust enrichment</td><td>553</td><td>698</td><td>1,672</td><td>2,021</td><td>Radio sets, phonograph records, etc.</td><td>590</td><td>345</td><td>1,284</td><td>1,050</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>Mechanical refrigerators</td><td>638</td><td>405</td><td>3,182</td><td>1,468</td></tr><tr><td>Capital stock tax</td><td>52,041</td><td>11,653</td><td>128,503</td><td>122,837</td><td>Firearms, chelles, and cartridges</td><td>452</td><td>377</td><td>1,206</td><td>1,004</td></tr><tr><td>Estate tax</td><td>55,967</td><td>22,108</td><td>109,614</td><td>73,585</td><td>Pistols and revolver</td><td>12</td><td>6</td><td>16</td><td>13</td></tr><tr><td>Gift tax</td><td>187</td><td>436</td><td>777</td><td>1,901</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>677</td><td>1,187</td><td>1,826</td><td>3,214</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Matches (including repealed taxes)</td><td>1/</td><td>1/</td><td>1/</td><td>92</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>4,246</td><td>1,945</td><td>7,303</td><td>5,014</td><td>Brewers' wort and malt (repealed as of 7/1/38)</td><td>1/</td><td>1/</td><td>3</td><td>8</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>24,624</td><td>20,477</td><td>60,197</td><td>53,384</td><td>Articles made of fur (repealed as of 7/1/38)</td><td>10</td><td>44</td><td>45</td><td>143</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,003</td><td>863</td><td>2,381</td><td>2,129</td><td>Sporting goods (repealed as of 7/1/38)</td><td>5</td><td>47</td><td>26</td><td>668</td></tr><tr><td>Winee, cordials, etc. (imported, excise)</td><td>77</td><td>33</td><td>127</td><td>74</td><td>Cameras and lenses (repealed as of 7/1/38)</td><td>1/</td><td>3</td><td>1/</td><td>179</td></tr><tr><td>Winee, cordials, etc. (domestic, excise)</td><td>570</td><td>444</td><td>1,391</td><td>1,181</td><td>Chewing gum (repealed as of 7/1/38)</td><td>-6</td><td>1/</td><td>1/</td><td>106</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>34</td><td>31</td><td>549</td><td>200</td><td>Total manufacturers' excise taxes</td><td>44,548</td><td>34,050</td><td>119,026</td><td>98,839</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>150</td><td>153</td><td>3,915</td><td>4,114</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>1/</td><td>1/</td><td>1/</td><td>1/</td><td>Bituminous Coal Act of 1937</td><td>296</td><td>251</td><td>794</td><td>686</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>67</td><td>33</td><td>189</td><td>64</td><td>Sugar Act of 1937</td><td>8,010</td><td>5,779</td><td>19,131</td><td>16,637</td></tr><tr><td>Container stamps</td><td>1,043</td><td>818</td><td>2,320</td><td>2,028</td><td>Telephone, telegraph, radio and cable facilities, leased wires, etc.</td><td>2,160</td><td>1,887</td><td>6,629</td><td>6,051</td></tr><tr><td>Floor taxes</td><td>1</td><td>169</td><td>7</td><td>3,588</td><td>Transportation of oil by pipe line</td><td>1,039</td><td>764</td><td>3,003</td><td>2,570</td></tr><tr><td>Fermented malt liquors</td><td>24,607</td><td>22,170</td><td>80,752</td><td>78,190</td><td>Leases of safe-deposit boxes</td><td>147</td><td>146</td><td>509</td><td>497</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>97</td><td>108</td><td>2,157</td><td>2,240</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>1,852</td><td>1,669</td><td>4,900</td><td>4,713</td></tr><tr><td>Total alcoholic beverage taxes</td><td>56,519</td><td>47,244</td><td>161,288</td><td>152,206</td><td>Club dues and initiation fees</td><td>438</td><td>445</td><td>1,541</td><td>1,601</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td>Adulterated and processed or renovated butter,mixed flour and filled cheese</td><td>2</td><td>2</td><td>6</td><td>6</td></tr><tr><td>Cigars (large)</td><td>1,197</td><td>1,194</td><td>3,425</td><td>3,373</td><td>Oleomargarine, including special taxes</td><td>103</td><td>121</td><td>1,009</td><td>1,148</td></tr><tr><td>Cigars (small)</td><td>11</td><td>13</td><td>28</td><td>26</td><td>Narcotics, including marihuana and special taxes</td><td>21</td><td>16</td><td>173</td><td>172</td></tr><tr><td>Cigarettes (large)</td><td>2</td><td>2</td><td>5</td><td>4</td><td>Coconut and other vegetable oils processed</td><td>2,349</td><td>2,879</td><td>6,290</td><td>6,895</td></tr><tr><td>Cigarettes (small)</td><td>44,370</td><td>44,136</td><td>136,864</td><td>133,164</td><td>National Firearms Act</td><td>1/</td><td>1/</td><td>3</td><td>5</td></tr><tr><td>Snuff</td><td>531</td><td>634</td><td>1,615</td><td>1,659</td><td>All other, including repealed taxes not listed above</td><td>94</td><td>3</td><td>103</td><td>176</td></tr><tr><td>Tobaccen (chewing and smoking)</td><td>4,934</td><td>4,870</td><td>14,572</td><td>14,288</td><td>Total miscellaneous taxes</td><td>16,511</td><td>13,962</td><td>44,091</td><td>41,157</td></tr><tr><td>Cigarette papers and tubes</td><td>83</td><td>103</td><td>227</td><td>330</td><td>Total miscellaneous internal revenue</td><td>280,095</td><td>183,434</td><td>729,092</td><td>653,849</td></tr><tr><td>Leaf dealer penalties, etc</td><td>1/</td><td>1/</td><td>1/</td><td>1/</td><td>Payroll taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>51,128</td><td>50,952</td><td>156,736</td><td>152,844</td><td>Social Security taxes (Social Security Act):</td><td></td><td></td><td></td><td></td></tr><tr><td>Documentary, etc., stamp taxes:</td><td></td><td></td><td></td><td></td><td>Taxes with respect to employment (title VIII)</td><td>2,374</td><td>2,074</td><td>142,070</td><td>129,231</td></tr><tr><td>Bonds of indebtedness, issues of capital stock, deeds of conveyance, etc</td><td>1,557</td><td>1,569</td><td>4,945</td><td>4,826</td><td>Tax on employee of 8 or more (title IX)</td><td>491</td><td>779</td><td>11,641</td><td>10,946</td></tr><tr><td>Capital stock and similar interest sales or transfers</td><td>1,210</td><td>1,021</td><td>3,147</td><td>4,502</td><td>Total Social Security taxes</td><td>2,865</td><td>2,853</td><td>153,711</td><td>140,177</td></tr><tr><td>Playing cards</td><td>421</td><td>436</td><td>921</td><td>872</td><td>Carriere Taxing Act of 1937</td><td>9,443</td><td>11</td><td>28,798</td><td>26,130</td></tr><tr><td>Silver bullion sales or transfers</td><td>6</td><td>3</td><td>44</td><td>31</td><td>Total payroll taxes</td><td>12,308</td><td>2,864</td><td>182,509</td><td>166,307</td></tr><tr><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>1/</td><td>1/</td><td>1/</td><td>249</td><td>Total internal revenue</td><td>624,254</td><td>682,544</td><td>1,321,766</td><td>1,395,257</td></tr><tr><td>Total documentary, etc., stamp taxes</td><td>3,194</td><td>3,029</td><td>9,057</td><td>10,480</td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ Less than $500.
* Adjustment made for $6,038 collections from the pistols and revolvers tax erroneously reported as collections from the chewing gum tax for July and August.
8
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and Profits</th><th colspan="4">Payroll Taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation</th><th>Total</th><th colspan="2">Social Security Act</th><th>Carriers' Taring Act of 1937</th></tr><tr><th></th><th></th><th></th><th></th><th>1/</th><th></th><th>Title VIII</th><th>Title IX</th><th></th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,274</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</td><td>1,146,845</td><td>1,263,414</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,648</td><td>1,026,393</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>1,557,729</td><td>1,056,757</td><td>427,191</td><td>629,566</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>1,619,839</td><td>746,791</td><td>352,574</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,448</td><td>674,416</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,173,769</td><td>1,091,741</td><td>1,082,028</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,622,813</td><td>1,286,312</td><td>1,336,501</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,178,431</td><td>1,028,834</td><td>1,149,597</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1938-Sept.</td><td>682,544</td><td>495,548</td><td>227,573</td><td>267,975</td><td>2,864</td><td>2,074</td><td>779</td><td>11</td></tr><tr><td>Oct.</td><td>315,061</td><td>42,162</td><td>9,468</td><td>32,694</td><td>81,508</td><td>59,282</td><td>7,287</td><td>14,939</td></tr><tr><td>Nov.</td><td>304,572</td><td>36,491</td><td>12,513</td><td>23,978</td><td>81,979</td><td>64,601</td><td>4,731</td><td>12,647</td></tr><tr><td>Dec.</td><td>652,252</td><td>481,509</td><td>213,622</td><td>267,887</td><td>2,939</td><td>2,414</td><td>483</td><td>42</td></tr><tr><td>1939-Jan.</td><td>315,845</td><td>51,598</td><td>19,067</td><td>32,531</td><td>98,992</td><td>59,035</td><td>25,150</td><td>14,807</td></tr><tr><td>Feb.</td><td>333,517</td><td>57,524</td><td>32,333</td><td>25,191</td><td>125,870</td><td>74,571</td><td>37,694</td><td>13,605</td></tr><tr><td>Mar.</td><td>691,401</td><td>498,474</td><td>291,215</td><td>207,259</td><td>3,855</td><td>2,410</td><td>1,747</td><td>-302</td></tr><tr><td>Apr.</td><td>279,986</td><td>39,292</td><td>14,964</td><td>24,328</td><td>69,684</td><td>62,529</td><td>5,542</td><td>1,613</td></tr><tr><td>May.</td><td>315,036</td><td>44,432</td><td>19,647</td><td>24,785</td><td>93,044</td><td>73,682</td><td>6,401</td><td>12,961</td></tr><tr><td>June.</td><td>568,646</td><td>353,868</td><td>163,668</td><td>190,200</td><td>16,252</td><td>2,604</td><td>663</td><td>12,985</td></tr><tr><td>July.</td><td>300,091</td><td>43,699</td><td>11,318</td><td>32,381</td><td>72,754</td><td>66,141</td><td>5,098</td><td>1,515</td></tr><tr><td>Aug.</td><td>397,421</td><td>33,496</td><td>10,477</td><td>23,019</td><td>97,447</td><td>73,555</td><td>6,052</td><td>17,840</td></tr><tr><td>Sept.</td><td>624,254</td><td>331,298</td><td>151,177</td><td>180,121</td><td>12,308</td><td>2,374</td><td>491</td><td>9,443</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="8">Miscellaneous Internal Revenue</th><th>Unjust enrichment</th><th>Agricultural Adjustment</th></tr><tr><th></th><th>Total</th><th>Capital stock</th><th>Estate and Gift</th><th>Alcoholic beverages</th><th>Tobacco</th><th>Stamp</th><th>Mamifac-turers' excise</th><th>Miscellaneous</th><th></th><th></th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>434,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,887</td><td>-</td><td>64,770</td><td>11,695</td><td>450,339</td><td>77,729</td><td>344</td><td>25,010</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>48,078</td><td>10,432</td><td>444,277</td><td>46,954</td><td>138</td><td>18,310</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>500,972</td><td>-</td><td>47,422</td><td>8,704</td><td>398,579</td><td>32,241</td><td>-</td><td>14,026</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>873,048</td><td>-</td><td>34,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td><td>371,423</td></tr><tr><td>1934</td><td>1,481,160</td><td>80,158</td><td>113,138</td><td>258,911</td><td>425,169</td><td>66,580</td><td>390,038</td><td>147,156</td><td>-</td><td>526,222</td></tr><tr><td>1935</td><td>1,667,423</td><td>91,508</td><td>212,112</td><td>411,022</td><td>459,179</td><td>43,133</td><td>342,275</td><td>108,194</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>2,021,075</td><td>94,943</td><td>378,840</td><td>505,404</td><td>501,166</td><td>68,990</td><td>379,540</td><td>92,132</td><td>-</td><td>71,637</td></tr><tr><td>1937</td><td>2,207,608</td><td>137,499</td><td>305,548</td><td>594,245</td><td>552,254</td><td>59,919</td><td>443,854</td><td>98,289</td><td>6,073</td><td>-</td></tr><tr><td>1938</td><td>2,287,075</td><td>139,349</td><td>416,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>6,683</td><td>-</td></tr><tr><td>1938-Sept</td><td>183,434</td><td>11,653</td><td>22,544</td><td>47,244</td><td>50,952</td><td>3,029</td><td>34,050</td><td>13,962</td><td>698</td><td>-</td></tr><tr><td>Oct</td><td>191,134</td><td>2,552</td><td>27,519</td><td>54,603</td><td>46,291</td><td>3,592</td><td>31,517</td><td>15,060</td><td>257</td><td>-</td></tr><tr><td>Nov</td><td>185,699</td><td>364</td><td>29,324</td><td>57,573</td><td>47,599</td><td>4,212</td><td>31,399</td><td>15,248</td><td>443</td><td>-</td></tr><tr><td>Dec</td><td>177,041</td><td>322</td><td>33,701</td><td>51,270</td><td>43,815</td><td>3,895</td><td>31,087</td><td>12,951</td><td>763</td><td>-</td></tr><tr><td>1939-Jan</td><td>164,858</td><td>300</td><td>27,828</td><td>38,151</td><td>47,359</td><td>3,831</td><td>34,355</td><td>13,034</td><td>397</td><td>-</td></tr><tr><td>Feb</td><td>149,685</td><td>164</td><td>22,062</td><td>35,918</td><td>40,837</td><td>3,198</td><td>33,950</td><td>13,556</td><td>438</td><td>-</td></tr><tr><td>Mar</td><td>188,771</td><td>213</td><td>42,461</td><td>47,356</td><td>49,321</td><td>3,126</td><td>34,116</td><td>12,178</td><td>301</td><td>-</td></tr><tr><td>Apr</td><td>170,444</td><td>141</td><td>33,626</td><td>46,277</td><td>42,539</td><td>2,962</td><td>31,750</td><td>13,149</td><td>566</td><td>-</td></tr><tr><td>May</td><td>176,894</td><td>180</td><td>22,533</td><td>49,464</td><td>53,106</td><td>3,070</td><td>35,251</td><td>13,290</td><td>666</td><td>-</td></tr><tr><td>June</td><td>197,695</td><td>131</td><td>36,177</td><td>54,982</td><td>56,506</td><td>2,716</td><td>34,627</td><td>12,556</td><td>831</td><td>-</td></tr><tr><td>July</td><td>183,111</td><td>1,937</td><td>24,767</td><td>51,655</td><td>48,629</td><td>2,602</td><td>40,038</td><td>13,483</td><td>527</td><td>-</td></tr><tr><td>Aug</td><td>265,886</td><td>74,524</td><td>29,471</td><td>53,113</td><td>56,980</td><td>3,261</td><td>34,440</td><td>14,097</td><td>592</td><td>-</td></tr><tr><td>Sept</td><td>280,095</td><td>52,041</td><td>56,154</td><td>56,519</td><td>51,128</td><td>3,194</td><td>44,548</td><td>16,511</td><td>553</td><td>-</td></tr></table>
1/ Including excess-profits tax collections. 2/ Including tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
YEARLY, FISCAL YEARS 1929 TO 1939
MONTHLY, JULY 1938 TO SEPT. 1939
By Principal Sources
By Principal Sources
10
Customs Duties and Taxes Estimated, and Value of Dutiable and Taxable Imports, by Tariff Schedules
(In thousands of dollars) 1/
<table><tr><th>Month</th><th>Chemicals, oils, and paints</th><th>Earths, earthenware, and glassware</th><th>Metals and manufactures of</th><th>Wood and manufactures of</th><th>Sugar, molasses, and manufactures of</th><th>Tobacco and manufactures of</th><th>Agricultural products and provisions</th><th>Spirits, wine, and other beverages</th><th>Cotton manufactures</th><th>Flax, hemp, jute, and manufactures of</th></tr><tr><td>Duties and taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1938-July</td><td>1,660</td><td>790</td><td>1,632</td><td>141</td><td>4,042</td><td>3,670</td><td>3,194</td><td>2,117</td><td>725</td><td>869</td></tr><tr><td>Aug.</td><td>1,943</td><td>979</td><td>1,914</td><td>185</td><td>7,486</td><td>2,239</td><td>3,437</td><td>1,854</td><td>894</td><td>1,076</td></tr><tr><td>Sept.</td><td>1,749</td><td>1,149</td><td>2,201</td><td>209</td><td>5,188</td><td>1,874</td><td>4,047</td><td>2,659</td><td>856</td><td>1,030</td></tr><tr><td>Oct.</td><td>1,795</td><td>1,132</td><td>2,211</td><td>208</td><td>3,961</td><td>2,209</td><td>5,051</td><td>3,548</td><td>850</td><td>1,066</td></tr><tr><td>Nov.</td><td>1,874</td><td>1,040</td><td>2,201</td><td>186</td><td>2,098</td><td>1,990</td><td>5,293</td><td>4,146</td><td>765</td><td>915</td></tr><tr><td>Dec.</td><td>1,481</td><td>766</td><td>1,836</td><td>175</td><td>1,209</td><td>1,592</td><td>4,769</td><td>5,192</td><td>645</td><td>820</td></tr><tr><td>1939-Jan.</td><td>1,411</td><td>646</td><td>1,696</td><td>181</td><td>784</td><td>1,931</td><td>5,867</td><td>2,021</td><td>847</td><td>1,261</td></tr><tr><td>Feb.</td><td>1,620</td><td>688</td><td>1,619</td><td>162</td><td>1,524</td><td>1,841</td><td>4,920</td><td>1,974</td><td>710</td><td>698</td></tr><tr><td>Mar.</td><td>1,908</td><td>929</td><td>1,804</td><td>209</td><td>3,201</td><td>2,246</td><td>5,708</td><td>2,479</td><td>936</td><td>1,320</td></tr><tr><td>Apr.</td><td>2,968</td><td>1,374</td><td>2,653</td><td>202</td><td>2,220</td><td>1,534</td><td>5,235</td><td>2,471</td><td>830</td><td>806</td></tr><tr><td>May.</td><td>1,469</td><td>760</td><td>1,780</td><td>169</td><td>2,476</td><td>2,462</td><td>4,594</td><td>2,488</td><td>771</td><td>908</td></tr><tr><td>June.</td><td>1,324</td><td>890</td><td>1,720</td><td>188</td><td>3,504</td><td>2,122</td><td>3,889</td><td>2,302</td><td>744</td><td>779</td></tr><tr><td>July.</td><td>1,052</td><td>826</td><td>1,748</td><td>157</td><td>4,778</td><td>1,918</td><td>3,605</td><td>1,834</td><td>790</td><td>779</td></tr><tr><td>Value:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1938-July</td><td>4,236</td><td>1,829</td><td>5,203</td><td>1,001</td><td>8,276</td><td>5,299</td><td>9,937</td><td>3,650</td><td>1,792</td><td>3,639</td></tr><tr><td>Aug.</td><td>4,882</td><td>2,122</td><td>6,096</td><td>1,293</td><td>12,991</td><td>3,276</td><td>10,614</td><td>3,229</td><td>2,233</td><td>4,430</td></tr><tr><td>Sept.</td><td>4,500</td><td>2,476</td><td>6,840</td><td>1,356</td><td>10,706</td><td>2,738</td><td>13,199</td><td>4,619</td><td>2,178</td><td>4,061</td></tr><tr><td>Oct.</td><td>4,813</td><td>2,460</td><td>6,729</td><td>1,478</td><td>8,589</td><td>3,140</td><td>15,236</td><td>6,081</td><td>2,257</td><td>4,168</td></tr><tr><td>Nov.</td><td>4,665</td><td>2,231</td><td>6,662</td><td>1,231</td><td>3,791</td><td>3,223</td><td>14,781</td><td>7,144</td><td>2,071</td><td>3,731</td></tr><tr><td>Dec.</td><td>4,070</td><td>1,829</td><td>5,782</td><td>1,079</td><td>1,556</td><td>2,216</td><td>13,298</td><td>9,063</td><td>1,791</td><td>3,539</td></tr><tr><td>1939-Jan.</td><td>4,106</td><td>1,592</td><td>6,744</td><td>1,149</td><td>2,192</td><td>2,725</td><td>15,932</td><td>3,487</td><td>2,401</td><td>5,990</td></tr><tr><td>Feb.</td><td>4,398</td><td>1,651</td><td>6,029</td><td>1,093</td><td>3,627</td><td>2,669</td><td>13,261</td><td>3,418</td><td>2,005</td><td>3,116</td></tr><tr><td>Mar.</td><td>5,149</td><td>2,231</td><td>6,709</td><td>1,427</td><td>6,542</td><td>3,128</td><td>15,481</td><td>4,376</td><td>2,604</td><td>6,360</td></tr><tr><td>Apr.</td><td>8,153</td><td>3,100</td><td>9,440</td><td>1,310</td><td>5,155</td><td>2,167</td><td>15,554</td><td>4,572</td><td>2,356</td><td>4,204</td></tr><tr><td>May.</td><td>4,270</td><td>1,959</td><td>6,293</td><td>1,302</td><td>5,787</td><td>3,817</td><td>14,912</td><td>4,365</td><td>2,085</td><td>4,712</td></tr><tr><td>June.</td><td>4,123</td><td>2,054</td><td>6,044</td><td>1,411</td><td>7,711</td><td>3,289</td><td>12,035</td><td>4,088</td><td>2,002</td><td>4,098</td></tr><tr><td>July.</td><td>3,728</td><td>1,951</td><td>6,217</td><td>1,266</td><td>9,634</td><td>3,005</td><td>12,251</td><td>3,277</td><td>2,125</td><td>4,338</td></tr></table>
<table><tr><th>Month</th><th>Wool and manufactures of</th><th>Silk manufactures</th><th>Manufactures of rayon or other synthetic textile</th><th>Papers and books</th><th>Sundries</th><th>Free list 1/</th><th>Miscellaneous 2/</th><th>Total</th><th>Adjustment to daily Treasury statement (unrevised)</th><th>Total, daily Treasury statement (unrevised)</th></tr><tr><td>Duties and taxes: 1938-July</td><td>1,518</td><td>211</td><td>183</td><td>175</td><td>2,394</td><td>817</td><td>14</td><td>24,153</td><td>-1,052</td><td>23,101</td></tr><tr><td>Aug.</td><td>2,244</td><td>318</td><td>313</td><td>217</td><td>3,304</td><td>842</td><td>40</td><td>29,285</td><td>-612</td><td>28,673</td></tr><tr><td>Sept.</td><td>1,962</td><td>305</td><td>232</td><td>219</td><td>3,291</td><td>676</td><td>19</td><td>27,666</td><td>+924</td><td>28,590</td></tr><tr><td>Oct.</td><td>2,047</td><td>354</td><td>229</td><td>235</td><td>3,240</td><td>822</td><td>17</td><td>28,974</td><td>+1,823</td><td>30,797</td></tr><tr><td>Nov.</td><td>1,828</td><td>299</td><td>186</td><td>220</td><td>3,195</td><td>763</td><td>18</td><td>27,016</td><td>+322</td><td>27,338</td></tr><tr><td>Dec.</td><td>1,479</td><td>269</td><td>168</td><td>183</td><td>2,848</td><td>800</td><td>9</td><td>24,241</td><td>+880</td><td>25,121</td></tr><tr><td>1939-Jan.</td><td>2,729</td><td>216</td><td>232</td><td>169</td><td>3,010</td><td>680</td><td>24</td><td>23,704</td><td>+614</td><td>24,318</td></tr><tr><td>Feb.</td><td>2,142</td><td>196</td><td>226</td><td>177</td><td>2,773</td><td>724</td><td>15</td><td>22,009</td><td>+352</td><td>22,361</td></tr><tr><td>Mar.</td><td>2,860</td><td>245</td><td>276</td><td>196</td><td>3,383</td><td>815</td><td>19</td><td>28,535</td><td>+731</td><td>29,266</td></tr><tr><td>Apr.</td><td>2,118</td><td>217</td><td>244</td><td>237</td><td>3,612</td><td>850</td><td>23</td><td>27,654</td><td>+1,783</td><td>29,437</td></tr><tr><td>May.</td><td>2,368</td><td>220</td><td>232</td><td>165</td><td>2,592</td><td>1,207</td><td>17</td><td>24,679</td><td>+639</td><td>25,318</td></tr><tr><td>June</td><td>2,397</td><td>220</td><td>273</td><td>150</td><td>2,413</td><td>1,217</td><td>56</td><td>24,188</td><td>+329</td><td>24,517</td></tr><tr><td>July</td><td>2,508</td><td>182</td><td>231</td><td>171</td><td>2,454</td><td>952</td><td>27</td><td>24,014</td><td>+1,514</td><td>25,528</td></tr><tr><td>Value: 1938-July</td><td>2,244</td><td>389</td><td>532</td><td>823</td><td>8,148</td><td>2,883</td><td>11</td><td>59,891</td><td>-</td><td>-</td></tr><tr><td>Aug.</td><td>3,221</td><td>593</td><td>1,011</td><td>1,038</td><td>10,539</td><td>3,438</td><td>61</td><td>71,067</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>2,822</td><td>564</td><td>731</td><td>998</td><td>10,725</td><td>2,438</td><td>9</td><td>70,959</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>3,206</td><td>663</td><td>721</td><td>1,080</td><td>10,248</td><td>2,907</td><td>6</td><td>73,782</td><td>-</td><td>-</td></tr><tr><td>Nov.</td><td>2,711</td><td>559</td><td>514</td><td>1,038</td><td>10,642</td><td>2,592</td><td>9</td><td>67,595</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>2,055</td><td>508</td><td>443</td><td>913</td><td>11,001</td><td>2,805</td><td>5</td><td>61,954</td><td>-</td><td>-</td></tr><tr><td>1939-Jan.</td><td>4,239</td><td>411</td><td>692</td><td>917</td><td>11,208</td><td>2,229</td><td>28</td><td>66,041</td><td>-</td><td>-</td></tr><tr><td>Feb.</td><td>3,388</td><td>369</td><td>734</td><td>917</td><td>11,310</td><td>2,385</td><td>5</td><td>60,375</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>4,140</td><td>468</td><td>861</td><td>1,052</td><td>12,990</td><td>2,604</td><td>2</td><td>76,124</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>3,032</td><td>412</td><td>792</td><td>1,544</td><td>13,906</td><td>2,940</td><td>4</td><td>78,642</td><td>-</td><td>-</td></tr><tr><td>May.</td><td>3,366</td><td>418</td><td>727</td><td>882</td><td>9,982</td><td>3,691</td><td>5</td><td>68,571</td><td>-</td><td>-</td></tr><tr><td>June</td><td>3,423</td><td>414</td><td>899</td><td>829</td><td>9,015</td><td>3,778</td><td>85</td><td>65,298</td><td>-</td><td>-</td></tr><tr><td>July</td><td>3,654</td><td>350</td><td>763</td><td>901</td><td>9,020</td><td>3,261</td><td>1</td><td>65,743</td><td>-</td><td>-</td></tr></table>
Note:
The amount of customs duties and taxes is calculated on the basis of reports of the Bureau of Foreign and Domestic Commerce, showing the quantity and value of merchandise imported. Figures are rounded to nearest thousand, and will not necessarily add to totals.
Figures are rounded to nearest thousand, and will not necessarily add to totals. Includes taxable sugar from the Philippine Islands. Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts. Articles dutiable under paragraph 1615 and repairs on vessels dutiable under Section 466 of the Tariff Act of 1930; the taxable copper content of dutiable articles taxed under the Revenue Act of 1932 and taxes on articles composed in chief value of manufactured sugar under the Sugar Act of 1937, which cannot be allocated to appropriate schedules. Taxes collected on other dutiable commodities under the revenue act and the Sugar Act of 1937 are included in appropriate schedules.
11
Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports into the United States
<table><tr><th>Article</th><th colspan="6">1938</th><th colspan="8">1939</th></tr><tr><th></th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Deco.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th></tr><tr><td>Duty-free articles 1/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Crude petroleum..</td><td>$503,062</td><td>$320,672</td><td>$300,928</td><td>$438,746</td><td>$387,938</td><td>$464,821</td><td>$287,862</td><td>$281,991</td><td>$297,665</td><td>$504,108</td><td>$747,024</td><td>$688,585</td><td>$531,266</td></tr><tr><td>Fuel oil, etc. 2/</td><td>102,522</td><td>256,682</td><td>134,798</td><td>101,372</td><td>126,058</td><td>136,560</td><td>111,504</td><td>116,562</td><td>145,922</td><td>95,381</td><td>121,890</td><td>175,648</td><td>141,622</td></tr><tr><td>Gasoline or other motor fuel......</td><td>11</td><td>2</td><td>16</td><td>667</td><td>1</td><td>341</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>9</td><td>-</td></tr><tr><td>Lubricating oil..</td><td>42</td><td>643</td><td>1,127</td><td>978</td><td>27</td><td>1,477</td><td>519</td><td>551</td><td>1,463</td><td>10</td><td>776</td><td>606</td><td>354</td></tr><tr><td>Paraffin and other petroleum wax products....</td><td>27,878</td><td>27,180</td><td>17,768</td><td>15,614</td><td>2,582</td><td>8,217</td><td>29,925</td><td>20,960</td><td>17,931</td><td>13,972</td><td>47,622</td><td>27,228</td><td>23,745</td></tr><tr><td>Seed oils......</td><td>100,861</td><td>106,818</td><td>113,124</td><td>129,666</td><td>167,034</td><td>132,357</td><td>175,450</td><td>161,042</td><td>231,396</td><td>119,439</td><td>176,382</td><td>190,842</td><td>146,799</td></tr><tr><td>Oil seeds......</td><td>25,377</td><td>15,061</td><td>37,953</td><td>44,085</td><td>32,559</td><td>24,023</td><td>32,411</td><td>51,363</td><td>36,531</td><td>42,130</td><td>27,225</td><td>33,278</td><td>38,425</td></tr><tr><td>Animal, fish and coconut oils....</td><td>-</td><td>148</td><td>-</td><td>13</td><td>126</td><td>66</td><td>142</td><td>99</td><td>197</td><td>608</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Copper......</td><td>49,286</td><td>100,829</td><td>56,004</td><td>76,155</td><td>32,966</td><td>19,554</td><td>29,953</td><td>78,318</td><td>64,781</td><td>59,413</td><td>72,278</td><td>85,793</td><td>34,240</td></tr><tr><td>Lumber of specified types......</td><td>7,819</td><td>14,135</td><td>11,970</td><td>14,350</td><td>12,451</td><td>11,223</td><td>12,163</td><td>12,685</td><td>16,013</td><td>12,775</td><td>13,275</td><td>14,105</td><td>17,270</td></tr><tr><td>Coal and related fuels..</td><td>562</td><td>-</td><td>2,455</td><td>332</td><td>1,494</td><td>1,651</td><td>-</td><td>166</td><td>2,688</td><td>2,381</td><td>441</td><td>562</td><td>2,238</td></tr><tr><td>Total......</td><td>817,420</td><td>842,170</td><td>676,143</td><td>821,978</td><td>763,236</td><td>800,290</td><td>679,929</td><td>723,738</td><td>814,587</td><td>850,217</td><td>1,206,914</td><td>1,216,656</td><td>935,959</td></tr><tr><td>Dutiable articles 3/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cane sugar......</td><td>$535,685</td><td>$779,248</td><td>$195,850</td><td>$66,019</td><td>$41,776</td><td>$20,595</td><td>$22,882</td><td>$59,954</td><td>$228,714</td><td>$136,018</td><td>$253,585</td><td>$370,204</td><td>$396,050</td></tr><tr><td>Cane sugar (from Philippine is.).</td><td>85,754</td><td>85,854</td><td>43,107</td><td>54,421</td><td>30,607</td><td>14,735</td><td>7,754</td><td>35,914</td><td>47,247</td><td>96,210</td><td>143,728</td><td>135,286</td><td>34,708</td></tr><tr><td>Beet sugar......</td><td>-</td><td>3,478</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Articles composed in chief value of manufactured sugar..</td><td>1,216</td><td>1,680</td><td>1,838</td><td>2,114</td><td>2,445</td><td>1,810</td><td>1,438</td><td>3,917</td><td>2,663</td><td>3,062</td><td>2,641</td><td>5,170</td><td>19,373</td></tr><tr><td>Fuel oil, etc. 2/......</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lubricating oil..</td><td>-</td><td>23</td><td>30</td><td>-</td><td>-</td><td>23</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td></tr><tr><td>Paraffin and other petroleum wax products....</td><td>-</td><td>9</td><td>3</td><td>18</td><td>5</td><td>19</td><td>7</td><td>2</td><td>25</td><td>50</td><td>11</td><td>16</td><td>42</td></tr><tr><td>Seed oils......</td><td>1,363</td><td>4</td><td>2,260</td><td>58</td><td>168</td><td>214</td><td>220</td><td>85</td><td>222</td><td>62</td><td>37</td><td>-</td><td>19,865</td></tr><tr><td>Animal and fish oils......</td><td></td><td></td><td></td><td></td><td></td><td></td><td>49,884</td><td>15,391</td><td>17,399</td><td>22,419</td><td>15,500</td><td>15,441</td><td>22,486</td></tr><tr><td>Palm oil......</td><td>69,706</td><td>132,813</td><td>25,067</td><td>100,869</td><td>11,674</td><td>9,900</td><td>831</td><td>926</td><td>1,355</td><td>1,816</td><td>1,386</td><td>1,771</td><td>1,008</td></tr><tr><td>Coconut oil (from Philippine islands)....</td><td>1,126</td><td>401</td><td>211</td><td>515</td><td>695</td><td>671</td><td>786</td><td>570</td><td>761</td><td>1,357</td><td>45</td><td>957</td><td>1,564</td></tr><tr><td>Coconut oil......</td><td>13,459</td><td>12,241</td><td>17,710</td><td>12,924</td><td>16,066</td><td>8,947</td><td>10,779</td><td>20,675</td><td>13,566</td><td>21,619</td><td>13,128</td><td>8,432</td><td>7,350</td></tr><tr><td>Copper......</td><td>21,107</td><td>36,777</td><td>52,500</td><td>48,623</td><td>39,533</td><td>41,786</td><td>42,626</td><td>42,785</td><td>54,988</td><td>52,867</td><td>32,955</td><td>38,243</td><td>29,940</td></tr><tr><td>Lumber of specified types.</td><td>729,417</td><td>1,052,528</td><td>338,571</td><td>285,561</td><td>202,969</td><td>98,701</td><td>137,207</td><td>170,553</td><td>367,487</td><td>336,411</td><td>464,111</td><td>575,939</td><td>532,864</td></tr><tr><td>Total......</td><td>1,546,837</td><td>1,894,698</td><td>1,014,720</td><td>1,107,539</td><td>966,205</td><td>898,991</td><td>817,136</td><td>894,291</td><td>1,182,074</td><td>1,186,628</td><td>1,671,025</td><td>1,792,595</td><td>1,468,822</td></tr><tr><td>Grand total.</td><td colspan="13">1,546,837</td></tr></table>
1/ The total of the taxes herein corresponds to the total of the column headed "Free List" in the preceding table. 
2/ Fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other motor fuel. 
3/ The total of the taxes herein corresponds to the total of the taxes on copper and sugar in the Miscellaneous column in the preceding table, plus all taxes included in appropriate tariff schedules.
12
Receipts and Expenditures under Social Security Act
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="6">Expenditures</th></tr><tr><th>Employment tax Title VIII</th><th>Tax on Employers of 3 or more. (Title IX, Sec. 901)</th><th>Total Receipts</th><th>Administrative Expenses 1/</th><th>Unemployment compensation administration</th><th>Grants to States Old-Age Aeeit- ance, etc.</th><th>Total Grants to states</th><th>Refund to states of taxes col- lected under Title IX,Sec. 901 2/</th><th>Transfers to Old-Age Reserve Accounts (Title II)</th><th>Total Expendi- tures 3/</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>.9</td><td>26.9</td><td>27.8</td><td>-</td><td>-</td><td>28.4</td></tr><tr><td>1937</td><td>194.3</td><td>57.8</td><td>252.2</td><td>15.8</td><td>9.1</td><td>157.8</td><td>166.9</td><td>-</td><td>265.0</td><td>447.7</td></tr><tr><td>1938</td><td>514.4</td><td>90.1</td><td>604.4</td><td>20.0</td><td>41.9</td><td>229.6</td><td>271.5</td><td>40.6</td><td>387.0</td><td>719.1</td></tr><tr><td>1939</td><td>530.4</td><td>100.9</td><td>631.2</td><td>21.3</td><td>58.9</td><td>261.4</td><td>320.3</td><td>-</td><td>503.0</td><td>844.6</td></tr><tr><td>1938-Sept.</td><td>2.2</td><td>.5</td><td>2.7</td><td>1.8</td><td>1.2</td><td>6.8</td><td>8.0</td><td>-</td><td>33.0</td><td>42.8</td></tr><tr><td>Oct.</td><td>30.6</td><td>2.9</td><td>33.5</td><td>1.8</td><td>9.1</td><td>38.1</td><td>47.2</td><td>-</td><td>32.0</td><td>81.0</td></tr><tr><td>Nov.</td><td>95.7</td><td>7.1</td><td>102.8</td><td>1.7</td><td>6.3</td><td>20.3</td><td>26.6</td><td>-</td><td>32.0</td><td>60.3</td></tr><tr><td>Dec.</td><td>2.5</td><td>.5</td><td>3.0</td><td>1.6</td><td>.6</td><td>11.7</td><td>12.3</td><td>-</td><td>32.0</td><td>45.9</td></tr><tr><td>1939-Jan.</td><td>28.9</td><td>12.9</td><td>41.7</td><td>1.7</td><td>4.6</td><td>26.2</td><td>30.8</td><td>-</td><td>37.0</td><td>69.5</td></tr><tr><td>Feb.</td><td>102.2</td><td>52.1</td><td>154.4</td><td>1.8</td><td>2.6</td><td>21.6</td><td>24.2</td><td>-</td><td>50.0</td><td>76.0</td></tr><tr><td>Mar.</td><td>2.2</td><td>1.7</td><td>3.9</td><td>1.7</td><td>2.2</td><td>19.3</td><td>21.5</td><td>-</td><td>50.0</td><td>73.2</td></tr><tr><td>Apr.</td><td>27.1</td><td>2.3</td><td>29.9</td><td>1.8</td><td>9.0</td><td>26.0</td><td>35.0</td><td>-</td><td>55.0</td><td>91.8</td></tr><tr><td>May.</td><td>109.1</td><td>9.1</td><td>118.2</td><td>1.8</td><td>4.4</td><td>26.1</td><td>30.5</td><td>-</td><td>50.0</td><td>82.3</td></tr><tr><td>June.</td><td>3.3</td><td>.7</td><td>4.0</td><td>1.8</td><td>5.3</td><td>10.3</td><td>15.6</td><td>-</td><td>56.0</td><td>73.4</td></tr><tr><td>July</td><td>32.7</td><td>2.7</td><td>35.4</td><td>1.7</td><td>8.8</td><td>32.5</td><td>41.3</td><td>-</td><td>43.0</td><td>85.0</td></tr><tr><td>Aug.</td><td>106.6</td><td>8.1</td><td>114.6</td><td>1.9</td><td>7.4</td><td>26.3</td><td>33.7</td><td>-</td><td>48.0</td><td>83.7</td></tr><tr><td>Sept.</td><td>2.5</td><td>.5</td><td>3.0</td><td>1.9</td><td>2.3</td><td>15.3</td><td>17.6</td><td>-</td><td>43.0</td><td>62.5</td></tr></table>
Note: Figures in this and four succeeding tables are rounded to nearest tenth of millions and will not necessarily add to totals.
1/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,886.43, pursuant to authorization of Aug. 24, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under Title IX of the Social Security Act.
2/ Counter entry, deduct.
3/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security and Railroad Retirement Acts. Does not include administrative expenses payable from other appropriations. The principal agencies in the latter group are the Bureau of Internal Revenue of the Treasury Department, and the Public Health Service and the Office of Education of the Federal Security Agency.
Old-Age Reserve Account
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>Cumulative as of end of Fiscal Year or month</th><th colspan="4">Receipts</th><th>Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th colspan="3">Appropriations by Congress</th><th>Interest on Investments</th><th>Total Receipts</th><th>Benefit Payments</th><th>Total investments</th><th colspan="2">Unexpended</th></tr><tr><th></th><th>Transfers from general fund</th><th>Balance available for transfers</th><th>Total</th><th></th><th></th><th></th><th></th><th>To credit of appropriations 1/</th><th>To credit of disbursing officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>265.0</td><td>-</td><td>265.0</td><td>2.3</td><td>267.3</td><td>-</td><td>267.2</td><td>.1</td><td>.1</td></tr><tr><td>1938</td><td>652.0</td><td>113.0</td><td>765.0</td><td>17.7</td><td>782.7</td><td>5.4</td><td>777.2</td><td>662.3</td><td>113.0</td><td>1.9</td></tr><tr><td>1939</td><td>1,155.0</td><td>-</td><td>1,155.0</td><td>44.6</td><td>1,199.6</td><td>19.3</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</td></tr><tr><td>1939-July</td><td>1,198.0</td><td>507.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>20.7</td><td>1,728.9</td><td>1,220.2</td><td>507.1</td><td>1.6</td></tr><tr><td>Aug.</td><td>1,246.0</td><td>459.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>22.0</td><td>1,727.6</td><td>1,263.2</td><td>459.1</td><td>5.3</td></tr><tr><td>Sept.</td><td>1,289.0</td><td>416.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>22.7</td><td>1,726.9</td><td>1,306.2</td><td>416.1</td><td>4.6</td></tr></table>
1/ Includes balance of appropriation available for transfers.
Unemployment Trust Fund
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Cumulative as of end of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Deposits by States 1/</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from Appropriations</th><th>Interest on Investments</th><th>Total Receipts</th><th>With draws by States</th><th>Railroad unemployment benefit payments</th><th>Total expenditures</th><th>Total investments</th><th>Trust account</th><th>Unexpended Balances Disbursing account (Railroad unemployment benefits and refunds</th></tr><tr><td>1936</td><td>18.9</td><td>-</td><td>-</td><td>.1</td><td>18.9</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>310.6</td><td>-</td><td>-</td><td>2.8</td><td>313.4</td><td>1.0</td><td>-</td><td>1.0</td><td>312.4</td><td>312.3</td><td>.1</td><td>-</td></tr><tr><td>1938</td><td>1,058.2</td><td>-</td><td>-</td><td>18.0</td><td>1,076.2</td><td>192.0</td><td>-</td><td>192.0</td><td>884.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,869.5</td><td>-</td><td>-</td><td>44.8</td><td>1,914.3</td><td>633.8</td><td>-</td><td>633.8</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1939-July</td><td>1,912.1</td><td>.3</td><td>15.0 2/</td><td>44.9</td><td>1,972.2</td><td>675.4</td><td>.1</td><td>675.4</td><td>1,296.8</td><td>1,253.0</td><td>28.9</td><td>14.9</td></tr><tr><td>Aug.</td><td>2,066.3</td><td>.3</td><td>15.0 2/</td><td>44.9</td><td>2,126.5</td><td>715.1</td><td>.9</td><td>716.0</td><td>1,410.4</td><td>1,382.0</td><td>14.4</td><td>14.1</td></tr><tr><td>Sept.</td><td>2,079.0</td><td>.3</td><td>15.0</td><td>45.0</td><td>2,139.3</td><td>753.6</td><td>2.2</td><td>755.8</td><td>1,383.5</td><td>1,363.0</td><td>7.7</td><td>12.5</td></tr></table>
1/ Includes in 1938 the proceeds of refunds to States of taxes collected under Title IX, Section 901 of the Social Security Act, amounting to $40,561,886.43.
2/ Advanced to Railroad Unemployment Insurance Account, pursuant to Section 10 (d) of the Railroad Unemployment Insurance Act of June 25, 1938. Such amounts advanced to be repaid on or before January 1, 1941.
13
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts
(In millions of dollars - on basis of daily Treasury etatements, unrevised)
<table><tr><th>Fiscal year or month</th><th>Receipts Taxes upon carriers and their employees</th><th>Administrative Expenses</th><th>Transfers to Railroad Retirement Acct.</th><th>Transfers to Railroad Un-employment in- sureance account</th><th>Total Expendi- ture</th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.4</td><td>1.5</td><td>-</td><td>-</td><td>1.5</td></tr><tr><td>1938</td><td>150.1</td><td>2.6</td><td>146.4</td><td>-</td><td>149.0</td></tr><tr><td>1939</td><td>109.3</td><td>3.3</td><td>107.1</td><td>-</td><td>110.4</td></tr><tr><td>1938-Sept.</td><td>-</td><td>.3</td><td>11.5</td><td>-</td><td>11.8</td></tr><tr><td>Oct.</td><td>.8</td><td>.2</td><td>11.5</td><td>-</td><td>11.7</td></tr><tr><td>Nov.</td><td>26.5</td><td>.2</td><td>16.5</td><td>-</td><td>16.7</td></tr><tr><td>Dec.</td><td>-</td><td>.3</td><td>16.5</td><td>-</td><td>16.8</td></tr><tr><td>1939-Jan.</td><td>.9</td><td>.3</td><td>1.5</td><td>-</td><td>1.8</td></tr><tr><td>Feb.</td><td>27.5</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Mar.</td><td>-</td><td>.3</td><td>18.0</td><td>-</td><td>18.3</td></tr><tr><td>Apr.</td><td>.4</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>May.</td><td>6.1</td><td>.3</td><td>.1</td><td>-</td><td>.4</td></tr><tr><td>June.</td><td>21.1</td><td>.4</td><td>-</td><td>-</td><td>.4</td></tr><tr><td>July.</td><td>.7</td><td>.5</td><td>21.9</td><td>15.0</td><td>37.4</td></tr><tr><td>Aug.</td><td>4.4</td><td>.6</td><td>18.1</td><td>-</td><td>18.7</td></tr><tr><td>Sept.</td><td>23.7</td><td>.6</td><td>7.1</td><td>-</td><td>7.7</td></tr></table>
Railroad Retirement Account
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Cumulative as of end of Fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Expenditures</th><th colspan="3">Balance</th></tr><tr><th colspan="3">Appropriations by Congress</th><th>Interest on Investments</th><th>Total Receipts</th><th>Total</th><th>Investments</th><th colspan="2">Unexpended</th></tr><tr><th></th><th>Transfers from general fund 1/</th><th>Balance available for transfers</th><th>Total</th><th></th><th>Benefit Payments</th><th></th><th>To credit of appropriations 2/</th><th>To credit of disbursing officer</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>46.6</td><td>-</td><td>46.6</td><td>-</td></tr><tr><td>1937</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>4.0</td><td>42.6</td><td>36.6</td><td>6.0</td></tr><tr><td>1938</td><td>146.4</td><td>.1</td><td>146.5</td><td>1.4</td><td>147.9</td><td>79.8</td><td>68.1</td><td>.2</td><td>1.6</td></tr><tr><td>1939</td><td>253.5</td><td>11.3</td><td>264.3</td><td>3.6</td><td>268.4</td><td>185.6</td><td>82.3</td><td>67.2</td><td>13.2</td></tr><tr><td>1939-July</td><td>275.4</td><td>109.5</td><td>384.9</td><td>3.6</td><td>388.5</td><td>194.7</td><td>193.8</td><td>69.1</td><td>111.5</td></tr><tr><td>Aug.</td><td>293.5</td><td>91.4</td><td>384.9</td><td>3.6</td><td>388.5</td><td>203.8</td><td>184.8</td><td>77.2</td><td>93.4</td></tr><tr><td>Sept.</td><td>300.7</td><td>84.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>212.9</td><td>175.6</td><td>77.2</td><td>84.3</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>14.1</td></tr></table>
1/ Transfers from general fund were not reflected until July 1, 1937.
2/ Includes balance of appropriation available for transfers subsequent to June 30, 1937.
14
Cash Income and Outgo of the Treasury
(These figures are not intended to reflect the budgetary position of the Government. They will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in Daily Treasury Statements and in other tables in this Bulletin. For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the text in February Bulletin. All figures in the table at the bottom of the page have not been revised in accordance with that explanation.)
(In millions of dollars)
<table><tr><th></th><th colspan="4">1938</th><th colspan="10">1939</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td><b>CASH INCOME</b><br>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax</td><td>498</td><td>41</td><td>36</td><td>481</td><td>48</td><td>56</td><td>506</td><td>40</td><td>43</td><td>355</td><td>42</td><td>37</td><td>328</td></tr><tr><td>Miscellaneous internal revenue</td><td>169</td><td>209</td><td>175</td><td>180</td><td>172</td><td>142</td><td>183</td><td>155</td><td>187</td><td>193</td><td>187</td><td>217</td><td>311</td></tr><tr><td>Taxes under Social Security Act</td><td>3</td><td>33</td><td>103</td><td>3</td><td>42</td><td>154</td><td>4</td><td>30</td><td>118</td><td>4</td><td>35</td><td>115</td><td>3</td></tr><tr><td>Taxes upon carriers and their employees</td><td>-</td><td>1</td><td>26</td><td>-</td><td>1</td><td>28</td><td>-</td><td>-</td><td>6</td><td>21</td><td>1</td><td>4</td><td>24</td></tr><tr><td>Customs</td><td>29</td><td>31</td><td>27</td><td>25</td><td>24</td><td>22</td><td>29</td><td>29</td><td>25</td><td>25</td><td>26</td><td>27</td><td>36</td></tr><tr><td>Other</td><td>12</td><td>17</td><td>15</td><td>15</td><td>18</td><td>15</td><td>15</td><td>15</td><td>18</td><td>15</td><td>16</td><td>20</td><td>17</td></tr><tr><td>Subtotal</td><td>711</td><td>332</td><td>382</td><td>704</td><td>305</td><td>417</td><td>737</td><td>269</td><td>397</td><td>613</td><td>307</td><td>420</td><td>719</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposits by States)</td><td>35</td><td>38</td><td>125</td><td>37</td><td>39</td><td>148</td><td>34</td><td>34</td><td>137</td><td>17</td><td>43</td><td>154</td><td>13</td></tr><tr><td>Trust accounts</td><td>21</td><td>25</td><td>14</td><td>16</td><td>20</td><td>16</td><td>25</td><td>20</td><td>18</td><td>14</td><td>19</td><td>15</td><td>20</td></tr><tr><td>Subtotal</td><td>56</td><td>63</td><td>139</td><td>53</td><td>59</td><td>164</td><td>59</td><td>54</td><td>155</td><td>31</td><td>62</td><td>169</td><td>33</td></tr><tr><td>Total cash income</td><td>767</td><td>395</td><td>521</td><td>757</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td></tr><tr><td><b>CASH OUTGO</b><br>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense</td><td>88</td><td>95</td><td>98</td><td>99</td><td>103</td><td>84</td><td>98</td><td>96</td><td>101</td><td>106</td><td>109</td><td>114</td><td>108</td></tr><tr><td>Social Security Act (grants and administrative expenses)</td><td>10</td><td>49</td><td>28</td><td>14</td><td>33</td><td>26</td><td>23</td><td>37</td><td>32</td><td>17</td><td>41</td><td>35</td><td>19</td></tr><tr><td>Interest on the public debt</td><td>144</td><td>65</td><td>7</td><td>170</td><td>14</td><td>15</td><td>118</td><td>64</td><td>8</td><td>184</td><td>11</td><td>14</td><td>148</td></tr><tr><td>Public Works</td><td>94</td><td>99</td><td>89</td><td>120</td><td>99</td><td>102</td><td>93</td><td>97</td><td>97</td><td>102</td><td>96</td><td>106</td><td>106</td></tr><tr><td>Agricultural aid</td><td>38</td><td>75</td><td>78</td><td>66</td><td>65</td><td>91</td><td>135</td><td>132</td><td>139</td><td>96</td><td>69</td><td>63</td><td>80</td></tr><tr><td>Sational Youth Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>5</td><td>5</td></tr><tr><td>Works Progress Administration</td><td>194</td><td>207</td><td>195</td><td>219</td><td>185</td><td>160</td><td>201</td><td>173</td><td>173</td><td>167</td><td>149</td><td>134</td><td>106</td></tr><tr><td>Other</td><td>136</td><td>133</td><td>130</td><td>122</td><td>139</td><td>131</td><td>132</td><td>127</td><td>142</td><td>134</td><td>159</td><td>161</td><td>159</td></tr><tr><td>Subtotal</td><td>704</td><td>723</td><td>625</td><td>810</td><td>638</td><td>609</td><td>800</td><td>726</td><td>692</td><td>806</td><td>636</td><td>632</td><td>731</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation</td><td>24</td><td>19</td><td>22</td><td>8</td><td>38</td><td>15</td><td>6</td><td>57</td><td>-</td><td>85</td><td>12</td><td>25</td><td>19</td></tr><tr><td>Commodity Credit Corporation</td><td>27</td><td>23</td><td>18</td><td>15</td><td>10</td><td>-</td><td>2</td><td>5</td><td>14</td><td>1</td><td>6</td><td>236</td><td>5</td></tr><tr><td>Unemployment trust fund</td><td>40</td><td>40</td><td>26</td><td>19</td><td>33</td><td>36</td><td>44</td><td>41</td><td>32</td><td>42</td><td>42</td><td>41</td><td>39</td></tr><tr><td>Old-age reserve account</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>2</td><td>1</td><td>2</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Railroad retirement account</td><td>8</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Other</td><td>44</td><td>10</td><td>2</td><td>29</td><td>4</td><td>27</td><td>19</td><td>1</td><td>18</td><td>65</td><td>37</td><td>42</td><td>84</td></tr><tr><td>Subtotal</td><td>144</td><td>102</td><td>74</td><td>81</td><td>87</td><td>58</td><td>31</td><td>1</td><td>56</td><td>32</td><td>33</td><td>354</td><td>157</td></tr><tr><td>Redemption of adjusted service bonds</td><td>4</td><td>4</td><td>3</td><td>3</td><td>3</td><td>2</td><td>3</td><td>3</td><td>2</td><td>4</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Total cash outgo</td><td>852</td><td>829</td><td>702</td><td>894</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>843</td><td>672</td><td>989</td><td>891</td></tr><tr><td>EXCESS OF CASH OUTGO</td><td>85</td><td>434</td><td>181</td><td>137</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>199</td><td>303</td><td>400</td><td>139</td></tr></table>
* Excess of credits, deduct.
Cash Income and Outgo and Excess of Cash Outgo
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td><b>Cash income</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>224</td><td>216</td><td>432</td><td>198</td><td>228</td><td>400</td><td>232</td><td>296</td><td>462</td><td>280</td><td>245</td><td>407</td><td>3,620</td></tr><tr><td>1935</td><td>229</td><td>231</td><td>621</td><td>249</td><td>261</td><td>479</td><td>278</td><td>320</td><td>440</td><td>260</td><td>226</td><td>453</td><td>4,047</td></tr><tr><td>1936</td><td>249</td><td>240</td><td>771</td><td>255</td><td>249</td><td>542</td><td>311</td><td>362</td><td>522</td><td>299</td><td>259</td><td>547</td><td>4,606</td></tr><tr><td>1937</td><td>303</td><td>325</td><td>1,115</td><td>421</td><td>390</td><td>925</td><td>438</td><td>541</td><td>852</td><td>389</td><td>433</td><td>930</td><td>7,063</td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td></td><td></td><td></td><td></td></tr><tr><td><b>Cash outgo</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>967</td><td>647</td><td>627</td><td>688</td><td>541</td><td>733</td><td>411</td><td>525</td><td>520</td><td>687</td><td>598</td><td>656</td><td>7,600</td></tr><tr><td>1935</td><td>468</td><td>530</td><td>577</td><td>633</td><td>551</td><td>737</td><td>614</td><td>561</td><td>610</td><td>658</td><td>474</td><td>632</td><td>7,045</td></tr><tr><td>1936</td><td>431</td><td>489</td><td>621</td><td>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>834</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>894</td><td>8,685</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>843</td><td>672</td><td>989</td><td>891</td><td></td><td></td><td></td><td></td></tr><tr><td><b>Excess of cash outgo</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1934</td><td>743</td><td>431</td><td>195</td><td>490</td><td>313</td><td>333</td><td>179</td><td>229</td><td>58</td><td>407</td><td>353</td><td>249</td><td>3,980</td></tr><tr><td>1935</td><td>239</td><td>299</td><td>144</td><td>384</td><td>290</td><td>258</td><td>316</td><td>241</td><td>170</td><td>398</td><td>248</td><td>179</td><td>2,998</td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>351</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>10</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>137</td><td>1,693</td></tr><tr><td>1939</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>199</td><td>303</td><td>400</td><td>139</td><td></td><td></td><td></td><td></td></tr></table>
Note: Negative figures denote excess of cash income.
<table><tr><th colspan="6">January 1934 to Date</th></tr><tr><th>DOLLARS Millions</th><th>1934</th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>DOLLARS Millions</th></tr><tr><td>1.200</td><td>Cash Income</td><td></td><td></td><td></td><td></td><td></td><td>1.200</td></tr><tr><td>1.000</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1.000</td></tr><tr><td>800</td><td></td><td></td><td></td><td></td><td></td><td></td><td>800</td></tr><tr><td>600</td><td></td><td></td><td></td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td></td><td></td><td></td><td></td><td></td><td>0</td></tr><tr><td>1,600</td><td>Cash Outgo</td><td></td><td></td><td></td><td></td><td></td><td>1,600</td></tr><tr><td>1,400</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,400</td></tr><tr><td>1,200</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,200</td></tr><tr><td>1,000</td><td></td><td></td><td></td><td></td><td></td><td></td><td>1,000</td></tr><tr><td>800</td><td></td><td></td><td></td><td></td><td></td><td></td><td>800</td></tr><tr><td>600</td><td></td><td></td><td></td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td></td><td></td><td></td><td></td><td></td><td>0</td></tr><tr><td>1,000</td><td>Net Cash Outgo</td><td></td><td></td><td></td><td></td><td></td><td>1,000</td></tr><tr><td>800</td><td></td><td></td><td></td><td>Excess of Outgo</td><td></td><td></td><td>800</td></tr><tr><td>600</td><td></td><td></td><td></td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td></td><td></td><td></td><td></td><td></td><td></td><td>0</td></tr><tr><td>200</td><td>Excess of Income</td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>400</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td>1934</td><td>1935</td><td>1936</td><td>1937</td><td>1938</td><td>1939</td><td>400</td></tr></table>
CASH INCOME AND OUTGO AND NET CASH OUTGO
For the basis of these figures see the text in February issue of the Bulletin
15
TREASURY GENERAL FUND AND PUBLIC DEBT
16
17
Composition of General Fund
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Balamos</th><th colspan="4">Current assets</th><th rowspan="2">Current liabilities</th></tr><tr><th>Total</th><th>"Working" balance</th><th>Seign- iorage</th><th>Incre- ment on gold</th><th>Inactive gold</th><th>Total</th><th>Bullion, coin and currency</th><th>Deposits in Fed. Reserve Banks</th><th>Special de- posits a/c series of Gov't. Sec.e.</th><th>All other deposits and col- lections</th></tr><tr><td>1933</td><td>862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td><td>241</td></tr><tr><td>1934</td><td>2,582</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td><td>451</td></tr><tr><td>1935</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td><td>-</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td><td>175</td></tr><tr><td>1936</td><td>2,682</td><td>2,225</td><td>316</td><td>141</td><td>-</td><td>2,936</td><td>865</td><td>852</td><td>1,151</td><td>58</td><td>254</td></tr><tr><td>1937</td><td>2,554</td><td>970</td><td>356</td><td>141</td><td>1,087</td><td>2,709</td><td>1,863</td><td>141</td><td>649</td><td>55</td><td>156</td></tr><tr><td>1938</td><td>2,216</td><td>1,628</td><td>446</td><td>142</td><td>-</td><td>2,419</td><td>830</td><td>929</td><td>611</td><td>49</td><td>203</td></tr><tr><td>1939</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td><td>249</td></tr><tr><td>1938-Sept.</td><td>2,978</td><td>2,376</td><td>460</td><td>142</td><td>-</td><td>3,164</td><td>1,360</td><td>963</td><td>791</td><td>49</td><td>186</td></tr><tr><td>Oct.</td><td>2,559</td><td>1,950</td><td>467</td><td>142</td><td>-</td><td>2,733</td><td>1,330</td><td>603</td><td>747</td><td>53</td><td>164</td></tr><tr><td>Nov.</td><td>2,447</td><td>1,827</td><td>478</td><td>142</td><td>-</td><td>2,625</td><td>1,265</td><td>570</td><td>735</td><td>54</td><td>178</td></tr><tr><td>Dec.</td><td>3,083</td><td>2,449</td><td>492</td><td>142</td><td>-</td><td>3,285</td><td>1,304</td><td>1,033</td><td>888</td><td>60</td><td>202</td></tr><tr><td>1939-Jan.</td><td>2,933</td><td>2,288</td><td>503</td><td>142</td><td>-</td><td>3,119</td><td>1,385</td><td>792</td><td>876</td><td>66</td><td>186</td></tr><tr><td>Feb.</td><td>3,343</td><td>2,693</td><td>508</td><td>142</td><td>-</td><td>3,517</td><td>1,354</td><td>1,222</td><td>873</td><td>68</td><td>174</td></tr><tr><td>Mar.</td><td>3,389</td><td>2,732</td><td>515</td><td>142</td><td>-</td><td>3,635</td><td>1,313</td><td>1,388</td><td>866</td><td>68</td><td>246</td></tr><tr><td>Apr.</td><td>3,044</td><td>2,380</td><td>522</td><td>142</td><td>-</td><td>3,230</td><td>1,329</td><td>975</td><td>858</td><td>68</td><td>186</td></tr><tr><td>May</td><td>2,924</td><td>2,254</td><td>528</td><td>142</td><td>-</td><td>3,106</td><td>1,272</td><td>971</td><td>792</td><td>71</td><td>182</td></tr><tr><td>June</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td><td>249</td></tr><tr><td>July</td><td>2,447</td><td>1,761</td><td>544</td><td>142</td><td>-</td><td>2,800</td><td>1,015</td><td>928</td><td>771</td><td>86</td><td>353</td></tr><tr><td>Aug.</td><td>2,231</td><td>1,539</td><td>550</td><td>142</td><td>-</td><td>2,576</td><td>986</td><td>748</td><td>761</td><td>81</td><td>345</td></tr><tr><td>Sept.</td><td>2,178</td><td>1,481</td><td>554</td><td>143</td><td>-</td><td>2,334</td><td>879</td><td>586</td><td>758</td><td>111</td><td>156</td></tr></table>
Statement of the Outstanding Public Debt on June 30, 1939 and Sept. 30, 1939
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>June 30, 1939</th><th>Sept. 30, 1939</th><th>Increase (+) Decrease (-)</th><th></th><th>June 30, 1939</th><th>Sept. 30, 1939</th><th>Increase (+) Decrease (-)</th></tr><tr><td>Market issues, etc:</td><td></td><td></td><td></td><td>Special issues:</td><td></td><td></td><td></td></tr><tr><td>Pre-war bonds</td><td>196</td><td>196</td><td>-</td><td>Government Life Insurance Fund</td><td>537</td><td>502</td><td>-35</td></tr><tr><td>Treasury bonds</td><td>25,218</td><td>25,218</td><td>-</td><td>Old-Age Reserve Account</td><td>1,177</td><td>1,306</td><td>+129</td></tr><tr><td>U. S. Savings bonds</td><td>1,868</td><td>2,052</td><td>+184</td><td>Railroad Retirement Account</td><td>67</td><td>77</td><td>+10</td></tr><tr><td>Adjusted Service bonds</td><td>283</td><td>275</td><td>-8</td><td>Government retirement funds</td><td>473</td><td>555</td><td>+82</td></tr><tr><td>Treasury notes</td><td>7,243</td><td>7,232</td><td>-11</td><td>Adjusted Service Certificate Fund</td><td>20</td><td>18</td><td>-2</td></tr><tr><td>Treasury bills</td><td>1,308</td><td>1,306</td><td>-2</td><td>Unemployment Trust Fund</td><td>1,267</td><td>1,353</td><td>+96</td></tr><tr><td>Matured debt on which interest has ceased</td><td>142</td><td>112</td><td>-30</td><td>Postal Savings System</td><td>128</td><td>121</td><td>-7</td></tr><tr><td>Debt bearing no interest</td><td>411</td><td>404</td><td>-7</td><td>Federal Deposit Insurance Corporation</td><td>101</td><td>121</td><td>+20</td></tr><tr><td>Total Market issues, etc</td><td>36,669</td><td>36,795</td><td>+126</td><td>Total Special issues</td><td>3,770</td><td>4,063</td><td>+293</td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>40,439</td><td>40,858</td><td>+419</td></tr></table>
Public Debt Accounts
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures</th></tr><tr><th>Cash</th><th>Adjusted Serv. Bonde</th><th>Exchanges</th><th>Special Series</th><th>Total</th><th>Cash</th><th>Exchanges</th><th>Special Series</th><th>Total</th><th>Excess of Receipts</th></tr><tr><td>1938</td><td>4,775.7</td><td>12.7</td><td>2,673.8</td><td>2,158.5</td><td>9,620.7</td><td>5,166.0</td><td>2,673.8</td><td>1,040.8</td><td>8,880.6</td><td>740.1</td></tr><tr><td>1939</td><td>7,475.1</td><td>6.5</td><td>3,034.9</td><td>2,567.1</td><td>13,083.6</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>9,808.8</td><td>3,274.8</td></tr><tr><td>1938-Sept.</td><td>1,238.8</td><td>.6</td><td>423.9</td><td>35.5</td><td>1,698.8</td><td>429.6</td><td>423.9</td><td>45.6</td><td>899.1</td><td>799.7</td></tr><tr><td>Oct.</td><td>440.9</td><td>.5</td><td>-</td><td>33.5</td><td>474.9</td><td>427.4</td><td>-</td><td>17.2</td><td>444.6</td><td>30.3</td></tr><tr><td>Nov.</td><td>539.2</td><td>.5</td><td>-</td><td>143.6</td><td>683.3</td><td>501.0</td><td>-</td><td>2.0</td><td>503.0</td><td>180.3</td></tr><tr><td>Dec.</td><td>1,183.8</td><td>.5</td><td>928.6</td><td>68.1</td><td>2,181.0</td><td>426.0</td><td>928.6</td><td>2.6</td><td>1,357.2</td><td>823.8</td></tr><tr><td>1939-Jan.</td><td>549.5</td><td>.5</td><td>-</td><td>89.5</td><td>639.5</td><td>405.1</td><td>-</td><td>30.3</td><td>435.4</td><td>204.1</td></tr><tr><td>Feb.</td><td>471.4</td><td>.4</td><td>-</td><td>169.5</td><td>641.3</td><td>411.0</td><td>-</td><td>2.9</td><td>413.9</td><td>227.4</td></tr><tr><td>Mar.</td><td>571.0</td><td>.6</td><td>1,266.7</td><td>89.1</td><td>1,927.4</td><td>517.4</td><td>1,266.7</td><td>16.7</td><td>1,800.8</td><td>126.6</td></tr><tr><td>Apr.</td><td>459.0</td><td>.4</td><td>.1</td><td>68.0</td><td>527.5</td><td>419.8</td><td>.1</td><td>29.9</td><td>449.8</td><td>77.7</td></tr><tr><td>May</td><td>566.3</td><td>.4</td><td>-</td><td>185.8</td><td>752.5</td><td>521.7</td><td>-</td><td>11.9</td><td>533.6</td><td>218.9</td></tr><tr><td>June</td><td>472.2</td><td>.5</td><td>415.5</td><td>1,413.8</td><td>2,302.0</td><td>418.8</td><td>415.5</td><td>1,310.0</td><td>2,144.3</td><td>157.7</td></tr><tr><td>July</td><td>491.2</td><td>.4</td><td>-</td><td>165.7</td><td>657.3</td><td>418.2</td><td>-</td><td>17.4</td><td>435.6</td><td>221.7</td></tr><tr><td>Aug.</td><td>576.0</td><td>.4</td><td>-</td><td>180.1</td><td>756.5</td><td>522.6</td><td>-</td><td>3.9</td><td>526.5</td><td>230.0</td></tr><tr><td>Sept.</td><td>448.4</td><td>.5</td><td>-</td><td>43.0</td><td>491.9</td><td>451.4</td><td>-</td><td>74.1</td><td>525.5</td><td>-33.6</td></tr></table>
18
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Direct obligations</th><th colspan="3">Guaranteed obligations</th></tr><tr><th>Special issues</th><th>United States Savings Bonds, 3% Adjusted Service Bonds of 1945, and 23/4% Postal Savings Bonds 1/</th><th>Market issues</th><th>Federal Reserve Banks</th><th>United States Savings Bonds and 3% Adjusted Service Bonds of 1945</th><th>Market issues otherwise held 2/</th><th>Total direct obligations outstanding</th><th>Government agencies and trust funds</th><th>Market issues otherwise held</th><th>Total guaranteed obligations outstanding</th></tr><tr><td>1933</td><td>323</td><td>14</td><td>240</td><td>1,998</td><td>-</td><td>19,583</td><td>22,158</td><td>-</td><td>681</td><td>681</td></tr><tr><td>1934</td><td>396</td><td>15</td><td>880</td><td>2,430</td><td>-</td><td>22,759</td><td>26,480</td><td>-</td><td>3,745</td><td>4,123</td></tr><tr><td>1935</td><td>633</td><td>17</td><td>967</td><td>2,430</td><td>62</td><td>23,536</td><td>27,645</td><td>378</td><td>4,327</td><td>4,718</td></tr><tr><td>1936</td><td>626</td><td>20</td><td>1,280</td><td>2,430</td><td>1,027</td><td>27,373</td><td>32,756</td><td>391</td><td>4,284</td><td>4,665</td></tr><tr><td>1937</td><td>1,558</td><td>22</td><td>1,618</td><td>2,526</td><td>1,191</td><td>28,888</td><td>35,803</td><td>381</td><td>4,509</td><td>4,853</td></tr><tr><td>1938</td><td>2,676</td><td>25</td><td>1,754</td><td>2,564</td><td>1,559</td><td>28,001</td><td>36,579</td><td>344</td><td>5,155</td><td>5,450</td></tr><tr><td>1939</td><td>3,770</td><td>27</td><td>1,816</td><td>2,551</td><td>2,157</td><td>29,571</td><td>39,892</td><td>295</td><td>5,665</td><td>5,009</td></tr><tr><td>1938-Sept.</td><td>2,933</td><td>26</td><td>1,811</td><td>2,564</td><td>1,642</td><td>28,876</td><td>37,852</td><td>344</td><td>4,673</td><td>5,001</td></tr><tr><td>Oct.</td><td>2,949</td><td>26</td><td>1,831</td><td>2,564</td><td>1,672</td><td>28,857</td><td>37,899</td><td>328</td><td>4,668</td><td>4,993</td></tr><tr><td>Nov.</td><td>3,090</td><td>26</td><td>1,835</td><td>2,564</td><td>1,702</td><td>28,854</td><td>38,071</td><td>325</td><td>4,667</td><td>4,992</td></tr><tr><td>Dec.</td><td>3,156</td><td>26</td><td>1,847</td><td>2,564</td><td>1,751</td><td>29,567</td><td>38,911</td><td>325</td><td>4,667</td><td>4,992</td></tr><tr><td>1939-Jan.</td><td>3,215</td><td>26</td><td>1,856</td><td>2,564</td><td>1,885</td><td>29,561</td><td>39,107</td><td>320</td><td>5,087</td><td>5,410</td></tr><tr><td>Feb.</td><td>3,382</td><td>27</td><td>1,860</td><td>2,564</td><td>1,941</td><td>29,557</td><td>39,331</td><td>323</td><td>5,087</td><td>5,410</td></tr><tr><td>Mar.</td><td>3,454</td><td>27</td><td>1,860</td><td>2,564</td><td>1,998</td><td>29,545</td><td>39,448</td><td>323</td><td>5,087</td><td>5,410</td></tr><tr><td>Apr.</td><td>3,492</td><td>27</td><td>1,840</td><td>2,564</td><td>2,045</td><td>29,562</td><td>39,530</td><td>323</td><td>5,087</td><td>5,410</td></tr><tr><td>May</td><td>3,666</td><td>27</td><td>1,805</td><td>2,564</td><td>2,097</td><td>29,596</td><td>39,755</td><td>302</td><td>5,107</td><td>5,409</td></tr><tr><td>June</td><td>3,770</td><td>27</td><td>1,816</td><td>2,551</td><td>2,157</td><td>29,571</td><td>39,892</td><td>295</td><td>5,155</td><td>5,450</td></tr><tr><td>July 3/.</td><td>3,918</td><td>27</td><td>1,818</td><td>2,453</td><td>2,229</td><td>29,669</td><td>40,114</td><td>295</td><td>5,204</td><td>5,499</td></tr><tr><td>Aug. 3/.</td><td>4,094</td><td>28</td><td>1,825</td><td>2,426</td><td>2,242</td><td>29,736</td><td>40,351</td><td>295</td><td>5,204</td><td>5,499</td></tr><tr><td>Sept. 3/.</td><td>4,063</td><td>28</td><td>1,887</td><td>2,752</td><td>2,326</td><td>29,286</td><td>40,342</td><td>295</td><td>5,204</td><td>5,499</td></tr></table>
Note: Holdings of Government agencies, etc., on basis of their accounts with the Treasury; holdings of Federal Reserve Banks on basis of their statements; other figures on basis of Public Debt Statements and Daily Treasury Statements, unrevised.
1/ Includes 2 1/2% Postal Savings Bonds held by the Postal Savings System.
2/ Includes 2 1/2% Postal Savings Bonds held other than by Government agencies and trust funds.
3/ Figures partly estimated.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In millions of dollars)
<table><tr><th></th><th colspan="12">Purchases or sales (-)</th></tr><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1936</td><td>18.5</td><td>4.5</td><td>32.7</td><td>19.0</td><td>15.8</td><td>30.5</td><td>15.5</td><td>3.8</td><td>47.4</td><td>27.0</td><td>5.9</td><td>24.0</td></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>38.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.6</td><td>.1</td><td>-12.5</td><td>-37.1</td><td>-40.4</td><td>1.1</td><td>3.0</td><td>3.3</td><td>71.9</td><td></td><td></td><td></td></tr></table>
Composition of the Public Debt
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="9">Gross debt</th><th rowspan="2">Balance in general fund</th><th rowspan="2">Gross debt less balance in general fund</th></tr><tr><th>Total</th><th colspan="3">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and c.t.f. of Indebt.</th><th colspan="2">Special issues</th><th>Matured debt</th><th>Non-interest-bearing debt</th></tr><tr><th></th><th>Total</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th></th><th></th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td><td>862</td><td>21,677</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td><td>2,582</td><td>24,471</td></tr><tr><td>1935</td><td>28,701</td><td>27,645</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>633</td><td>2.3</td><td>231</td><td>825</td><td>1,841</td><td>26,860</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td><td>2,682</td><td>31,097</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td><td>2,553</td><td>33,872</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</td><td>141</td><td>447</td><td>2,216</td><td>34,949</td></tr><tr><td>1939</td><td>40,439</td><td>39,886</td><td>27,565</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td><td>2,838</td><td>37,601</td></tr><tr><td>1938-Sept.</td><td>38,393</td><td>37,850</td><td>24,549</td><td>64.9</td><td>9,067</td><td>24.0</td><td>1,302</td><td>3.4</td><td>2,933</td><td>7.7</td><td>106</td><td>437</td><td>2,978</td><td>35,415</td></tr><tr><td>Oct.</td><td>38,423</td><td>37,897</td><td>24,579</td><td>64.9</td><td>9,067</td><td>23.9</td><td>1,302</td><td>3.4</td><td>2,949</td><td>7.8</td><td>94</td><td>433</td><td>2,569</td><td>35,854</td></tr><tr><td>Nov.</td><td>38,603</td><td>38,068</td><td>24,608</td><td>64.7</td><td>9,067</td><td>23.8</td><td>1,303</td><td>3.4</td><td>3,090</td><td>8.1</td><td>105</td><td>431</td><td>2,447</td><td>36,156</td></tr><tr><td>Dec.</td><td>39,427</td><td>38,899</td><td>25,940</td><td>66.7</td><td>8,496</td><td>21.3</td><td>1,306</td><td>3.4</td><td>3,156</td><td>8.1</td><td>101</td><td>427</td><td>3,083</td><td>36,344</td></tr><tr><td>1939-Jan.</td><td>39,631</td><td>39,097</td><td>26,077</td><td>66.7</td><td>8,496</td><td>21.7</td><td>1,309</td><td>3.3</td><td>3,215</td><td>8.3</td><td>109</td><td>425</td><td>2,933</td><td>36,698</td></tr><tr><td>Feb.</td><td>39,858</td><td>39,326</td><td>26,137</td><td>66.5</td><td>8,496</td><td>21.6</td><td>1,310</td><td>3.3</td><td>3,382</td><td>8.6</td><td>112</td><td>421</td><td>3,343</td><td>36,515</td></tr><tr><td>Mar.</td><td>39,985</td><td>39,442</td><td>27,407</td><td>69.5</td><td>7,270</td><td>18.4</td><td>1,311</td><td>3.3</td><td>3,454</td><td>8.8</td><td>125</td><td>419</td><td>3,389</td><td>36,596</td></tr><tr><td>Apr.</td><td>40,064</td><td>39,526</td><td>27,455</td><td>69.5</td><td>7,270</td><td>18.4</td><td>1,309</td><td>3.3</td><td>3,492</td><td>8.8</td><td>122</td><td>416</td><td>3,044</td><td>37,019</td></tr><tr><td>May</td><td>40,282</td><td>39,751</td><td>27,507</td><td>69.2</td><td>7,270</td><td>18.3</td><td>1,308</td><td>3.3</td><td>3,666</td><td>9.2</td><td>117</td><td>414</td><td>2,924</td><td>37,358</td></tr><tr><td>June</td><td>40,439</td><td>39,386</td><td>27,565</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td><td>2,838</td><td>37,601</td></tr><tr><td>July</td><td>40,661</td><td>40,114</td><td>27,644</td><td>68.9</td><td>7,243</td><td>18.1</td><td>1,309</td><td>3.3</td><td>3,918</td><td>9.8</td><td>140</td><td>408</td><td>2,447</td><td>38,214</td></tr><tr><td>Aug.</td><td>40,891</td><td>40,351</td><td>27,707</td><td>68.7</td><td>7,243</td><td>17.9</td><td>1,307</td><td>3.2</td><td>4,094</td><td>10.1</td><td>134</td><td>406</td><td>2,231</td><td>38,660</td></tr><tr><td>Sept.</td><td>40,858</td><td>40,342</td><td>27,741</td><td>68.8</td><td>7,232</td><td>17.9</td><td>1,306</td><td>3.2</td><td>4,063</td><td>10.1</td><td>112</td><td>404</td><td>2,178</td><td>38,680</td></tr></table>
Note: Figures in this table are rounded to nearest million and will not necessarily add to totals.
COMPOSITION OF INTEREST-BEARING PUBLIC DEBT OUTSTANDING
Daily Statement Basis
19
20
Amount of Interest-bearing Debt Outstanding, the Computed Annual Interest Charge and the Computed Rate of Interest
<table><tr><th>End of fiscal year or month</th><th>interest-bearing debt</th><th>Computed annual interest charge</th><th>Computed rate of interest: Percent</th></tr><tr><td>1933</td><td>$22,157,643,120</td><td>742,175,955</td><td>3.350</td></tr><tr><td>1934</td><td>26,480,487,920</td><td>842,301,133</td><td>3.181</td></tr><tr><td>1935</td><td>27,645,229,826</td><td>750,677,802</td><td>2.716</td></tr><tr><td>1936</td><td>32,755,631,770</td><td>838,002,053</td><td>2.559</td></tr><tr><td>1937</td><td>35,802,586,915</td><td>924,347,089</td><td>2.582</td></tr><tr><td>1938</td><td>36,575,925,880</td><td>947,084,058</td><td>2.589*</td></tr><tr><td>1939</td><td>39,885,969,732</td><td>1,036,937,397</td><td>2.600*</td></tr><tr><td>1938-July</td><td>36,641,937,719</td><td>951,738,835</td><td>2.597*</td></tr><tr><td>Aug.</td><td>37,051,561,281</td><td>956,207,791</td><td>2.581*</td></tr><tr><td>Sept.</td><td>37,849,982,493</td><td>977,274,331</td><td>2.582*</td></tr><tr><td>Oct.</td><td>37,896,865,589</td><td>978,604,732</td><td>2.582*</td></tr><tr><td>Nov.</td><td>38,068,027,759</td><td>982,917,804</td><td>2.582*</td></tr><tr><td>Dec.</td><td>38,898,851,391</td><td>1,005,833,188</td><td>2.586*</td></tr><tr><td>1939-Jan.</td><td>39,097,233,713</td><td>1,011,231,467</td><td>2.586*</td></tr><tr><td>Feb.</td><td>39,325,527,811</td><td>1,017,225,042</td><td>2.587*</td></tr><tr><td>Mar.</td><td>39,442,074,957</td><td>1,026,757,937</td><td>2.603*</td></tr><tr><td>Apr.</td><td>39,525,407,813</td><td>1,029,353,995</td><td>2.604*</td></tr><tr><td>May</td><td>39,751,011,399</td><td>1,035,271,505</td><td>2.604*</td></tr><tr><td>June.</td><td>39,885,969,732</td><td>1,036,937,397</td><td>2.600*</td></tr><tr><td>July</td><td>40,113,701,724</td><td>1,044,251,926</td><td>2.603*</td></tr><tr><td>Aug.</td><td>40,351,348,487</td><td>1,050,844,300</td><td>2.604*</td></tr><tr><td>Sept.</td><td>40,341,909,035</td><td>1,051,817,484</td><td>2.607*</td></tr></table>
Note: "Interest-Bearing Debt" figures include discount on Treasury Bills, amount being deducted prior to calculating the average interest rate. * On basis of Daily Treasury Statements, unreviced. For basis of other figures see report of Secretary of the Treasury for 1937, page 442.
Comparison of Average Yields of Long-term United States Treasury Bonds and High-grade Corporate Bonds
<table><tr><th>Monthly averages of daily figures 1/</th><th>Treasury bonds 2/</th><th>Corporate bonds 3/</th><th>Spread between Treasury and Corporate bonds</th><th>Weekly, Wednesday closing prices 4/</th><th>Treasury bonds 2/</th><th>Corporate bonds 3/</th><th>Spread between Treasury and Corporate bonds</th></tr><tr><td>1938-Jan.</td><td>2.65</td><td>3.17</td><td>.52</td><td>1939-Jan. 4.</td><td>2.48</td><td>3.01</td><td>.53</td></tr><tr><td>Feb.</td><td>2.64</td><td>3.15</td><td>.51</td><td>11.</td><td>2.47</td><td>2.96</td><td>.49</td></tr><tr><td>Mar.</td><td>2.64</td><td>3.16</td><td>.52</td><td>18.</td><td>2.45</td><td>2.95</td><td>.50</td></tr><tr><td></td><td></td><td></td><td></td><td>25.</td><td>2.48</td><td>2.95</td><td>.47</td></tr><tr><td>Apr.</td><td>2.62</td><td>3.23</td><td>.61</td><td>Feb. 1.</td><td>2.45</td><td>2.94</td><td>.49</td></tr><tr><td>May.</td><td>2.51</td><td>3.14</td><td>.63</td><td>8.</td><td>2.44</td><td>2.91</td><td>.47</td></tr><tr><td>June.</td><td>2.52</td><td>3.15</td><td>.63</td><td>15.</td><td>2.43</td><td>2.89</td><td>.46</td></tr><tr><td></td><td></td><td></td><td></td><td>22.</td><td>2.43</td><td>2.89</td><td>.46</td></tr><tr><td>July.</td><td>2.52</td><td>3.12</td><td>.60</td><td>Mar. 1.</td><td>2.39</td><td>2.86</td><td>.47</td></tr><tr><td>Aug.</td><td>2.51</td><td>3.10</td><td>.59</td><td>8.</td><td>2.36</td><td>2.86</td><td>.50</td></tr><tr><td>Sept.</td><td>2.58</td><td>3.12</td><td>.54</td><td>15.</td><td>2.33</td><td>2.87</td><td>.54</td></tr><tr><td></td><td></td><td></td><td></td><td>22.</td><td>2.35</td><td>2.88</td><td>.53</td></tr><tr><td>Oct.</td><td>2.48</td><td>3.06</td><td>.58</td><td>29.</td><td>2.30</td><td>2.90</td><td>.60</td></tr><tr><td>Nov.</td><td>2.50</td><td>3.04</td><td>.54</td><td>Apr. 5.</td><td>2.30</td><td>2.92</td><td>.62</td></tr><tr><td>Dec.</td><td>2.49</td><td>3.02</td><td>.53</td><td>12.</td><td>2.32</td><td>2.92</td><td>.60</td></tr><tr><td></td><td></td><td></td><td></td><td>19.</td><td>2.29</td><td>2.91</td><td>.62</td></tr><tr><td>1939-Jan.</td><td>2.47</td><td>2.96</td><td>.49</td><td>26.</td><td>2.27</td><td>2.91</td><td>.64</td></tr><tr><td>Feb.</td><td>2.44</td><td>2.90</td><td>.46</td><td>May 3.</td><td>2.25</td><td>2.91</td><td>.66</td></tr><tr><td>Mar.</td><td>2.34</td><td>2.87</td><td>.53</td><td>10.</td><td>2.16</td><td>2.87</td><td>.71</td></tr><tr><td></td><td></td><td></td><td></td><td>17.</td><td>2.14</td><td>2.84</td><td>.70</td></tr><tr><td>Apr.</td><td>2.30</td><td>2.92</td><td>.62</td><td>24.</td><td>2.13</td><td>2.83</td><td>.70</td></tr><tr><td>May.</td><td>2.17</td><td>2.86</td><td>.69</td><td>31.</td><td>2.13</td><td>2.83</td><td>.70</td></tr><tr><td>June.</td><td>2.13</td><td>2.78</td><td>.65</td><td>June 7.</td><td>2.08</td><td>2.81</td><td>.73</td></tr><tr><td>July.</td><td>2.16</td><td>2.76</td><td>.60</td><td>14.</td><td>2.12</td><td>2.78</td><td>.66</td></tr><tr><td>Aug.</td><td>2.21</td><td>2.79</td><td>.58</td><td>21.</td><td>2.15</td><td>2.77</td><td>.61</td></tr><tr><td>Sept.</td><td>2.65</td><td>3.29</td><td>.64</td><td>28.</td><td>2.17</td><td>2.76</td><td>.59</td></tr><tr><td></td><td></td><td></td><td></td><td>July 5.</td><td>2.20</td><td>2.76</td><td>.56</td></tr><tr><td></td><td></td><td></td><td></td><td>12.</td><td>2.16</td><td>2.76</td><td>.60</td></tr><tr><td></td><td></td><td></td><td></td><td>19.</td><td>2.17</td><td>2.76</td><td>.59</td></tr><tr><td></td><td></td><td></td><td></td><td>26.</td><td>2.14</td><td>2.74</td><td>.60</td></tr><tr><td></td><td></td><td></td><td></td><td>Aug. 2.</td><td>2.14</td><td>2.73</td><td>.59</td></tr><tr><td></td><td></td><td></td><td></td><td>9.</td><td>2.17</td><td>2.74</td><td>.57</td></tr><tr><td></td><td></td><td></td><td></td><td>16.</td><td>2.17</td><td>2.76</td><td>.59</td></tr><tr><td></td><td></td><td></td><td></td><td>23.</td><td>2.24</td><td>2.81</td><td>.57</td></tr><tr><td></td><td></td><td></td><td></td><td>30.</td><td>2.27</td><td>2.88</td><td>.61</td></tr><tr><td></td><td></td><td></td><td></td><td>Sept. 6.</td><td>2.56</td><td>3.41</td><td>.85</td></tr><tr><td></td><td></td><td></td><td></td><td>13.</td><td>2.64</td><td>3.33</td><td>.69</td></tr><tr><td></td><td></td><td></td><td></td><td>20.</td><td>2.72</td><td>3.31</td><td>.59</td></tr><tr><td></td><td></td><td></td><td></td><td>27.</td><td>2.74</td><td>3.29</td><td>.55</td></tr><tr><td></td><td></td><td></td><td></td><td>Oct. 4.</td><td>2.72</td><td>3.23</td><td>.51</td></tr><tr><td></td><td></td><td></td><td></td><td>11.</td><td>2.66</td><td>3.20</td><td>.54</td></tr></table>
Note: Back figures may be found in the July bulletin, Page 20.
1/ January 1938 through April 1938, corporate average is monthly average of Saturday figures.
2/ Average of Treasury bonds not due or callable for twelve years or more.
3/ Average of twenty bonds, Jan. 1938 through Sept. 13, 1938; five bonds, Sept. 14, 1938 to date.
4/ Or the last preceding sale when there was no sale on Wednesday.
COMPARATIVE YIELDS OF AVERAGE OF ALL LONG TERM U.S. TREASURY AND AVERAGE OF HIGH GRADE CORPORATE BONDS
Yields Based on Wednesday Quotations
2
*Break in line indicates change in composition of Long Term Treasury average
YIELDS OF TREASURY BONDS AND NOTES OCT. 16, 1939
Based on Closing Prices
Note: For callable bonds, yields are computed to, and issues plotted as of, the earliest call date if the bond is selling above par, and as of the final maturity date if the bond is selling below par. The smooth curves are fitted by eye. Dollar amounts shown in descriptions of issues are in millions. Issues for which an exchange offer has been made and has expired are excluded.
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES
-23-
24
Governmental Corporations and Credit Agencies of the United States: Aug. 31, 1939
(Compiled from latest reports received from those agencies)
(In millions of dollars)
Proprietary Interest of the United States in Governmental Corporations and Lending Agencies: Aug. 31, 1939
(Compiled from latest reports received from these agencies)
(In millions of dollars)
<table><tr><th></th><th>Assets</th><th colspan="3">Liabilities</th><th>Proprietary* interest</th><th>Capital Stock</th><th>Surplus</th><th>Inter-agency Transactions</th><th>Net Proprietary interest of the U. S.*</th></tr><tr><th></th><th></th><th>Guaranteed by United States</th><th>Not Guaranteed by United States</th><th>Privately owned</th><th>Owned by United States</th><th></th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corp.</td><td>1,713.7</td><td>821.2</td><td>153.6</td><td>-</td><td>738.9</td><td>500.0</td><td>254.6</td><td>226.6 2/</td><td>528.0</td></tr><tr><td>Commodity Credit Corp.</td><td>695.8</td><td>409.3</td><td>186.5</td><td>-</td><td>100.0</td><td>100.0</td><td>-</td><td>-</td><td>100.0</td></tr><tr><td>Export-Import Bank of Washington</td><td>48.3</td><td>-</td><td>.4</td><td>-</td><td>48.0</td><td>46.0</td><td>2.0</td><td>.1 2/</td><td>48.0</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>11.5</td><td>-</td><td>1.6</td><td>-</td><td>9.9</td><td>10.0</td><td>-</td><td>.1 2/</td><td>9.9</td></tr><tr><td>Federal Deposit Insurance Corp.</td><td>488.8</td><td>-</td><td>199.5</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td><td>150.0</td></tr><tr><td>Tennessee Valley Authority</td><td>308.4</td><td>-</td><td>15.4</td><td>-</td><td>293.0</td><td>200.0</td><td>59.0 3/</td><td>100.0 3/</td><td>41.0</td></tr><tr><td>Public Works Administration</td><td>57.9</td><td>-</td><td>-</td><td>-</td><td>57.9</td><td>100.0</td><td>19.2</td><td>-</td><td>119.2</td></tr><tr><td>United States Maritime Commission</td><td>178.5</td><td>-</td><td>50.6</td><td>-</td><td>127.9</td><td>39.7</td><td>-</td><td>-</td><td>39.7</td></tr><tr><td>Rural Electrification Admin.</td><td>147.5</td><td>-</td><td>-</td><td>-</td><td>147.5</td><td>124.7</td><td>-</td><td>-</td><td>124.7</td></tr><tr><td>Home Owners' Loan Corp.</td><td>2,916.5</td><td>2,779.0</td><td>91.5</td><td>-</td><td>46.0</td><td>1.0</td><td>141.0</td><td>9.5 2/</td><td>142.0</td></tr><tr><td>Federal Savings & Loan Insurance Corp.</td><td>120.2</td><td>-</td><td>1.0</td><td>-</td><td>119.2</td><td>124.6</td><td>188.1</td><td>1.1</td><td>313.8</td></tr><tr><td>Federal Savings & Loan Asens.</td><td>39.7</td><td>-</td><td>-</td><td>49.5</td><td>39.7</td><td>70.0</td><td>48.9</td><td>10.1 2/</td><td>108.8</td></tr><tr><td>Federal Home Loan Banks</td><td>253.1</td><td>-</td><td>78.9</td><td>-</td><td>124.7</td><td>149.0</td><td>12.5</td><td>10.1</td><td>171.6</td></tr><tr><td>Federal Housing Admin.</td><td>47.5</td><td>2.6</td><td>1.5</td><td>-</td><td>43.4</td><td>120.0</td><td>2.1</td><td>-</td><td>122.1</td></tr><tr><td>United States Housing Authority</td><td>264.2</td><td>114.3</td><td>7.9</td><td>-</td><td>142.0</td><td>5.0</td><td>13.9</td><td>-</td><td>18.9</td></tr><tr><td>Farm Credit Administration</td><td>301.9</td><td>-</td><td>182.7</td><td>-</td><td>119.2</td><td>34.1</td><td>32.2 3/</td><td>.4</td><td>1.9</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>1,623.6</td><td>1,391.3</td><td>41.8</td><td>-</td><td>190.5</td><td>.1</td><td>1.2</td><td>.4</td><td>.7</td></tr><tr><td>Federal Land Banks</td><td>2,320.6</td><td>-</td><td>1,807.8</td><td>199.0</td><td>313.8</td><td>20.0</td><td>1.1 3/</td><td>-</td><td>18.9</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>308.3</td><td>-</td><td>199.5</td><td>3.4</td><td>108.8</td><td>.9</td><td>.1</td><td>-</td><td>1.0</td></tr><tr><td>Banks for Cooperatives</td><td>179.1</td><td>-</td><td>4.1</td><td>-</td><td>171.6</td><td>10.0</td><td>3.1</td><td>33.7</td><td>46.8</td></tr><tr><td>Production Credit Corp.</td><td>122.4</td><td>-</td><td>.3</td><td>-</td><td>122.1</td><td>12.0</td><td>12.9</td><td>-</td><td>24.9</td></tr><tr><td>Regional Agricultural Credit Corp.</td><td>22.0</td><td>-</td><td>3.1</td><td>-</td><td>18.9</td><td>7.0</td><td>39.7</td><td>.5 2/</td><td>46.2</td></tr><tr><td>War emergency corpo. & agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td>25.0</td><td>.4</td><td>30.2</td><td>55.6</td></tr><tr><td>S</td><td></td><td></td><td></td><td></td><td></td><td>1/</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>S</td><td>4.6</td><td>-</td><td>-</td><td>-</td><td>4.6</td><td>Total</td><td>2,049.1</td><td>646.7</td><td>271.3 2/</td><td>2,142.4</td></tr><tr><td>United States Housing Corp.</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>1.9</td><td>Non-Stock:</td><td></td><td></td><td></td></tr><tr><td>Railroad Admin.</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>Tennessee Valley Authority</td><td></td><td></td><td>242.7</td></tr><tr><td>United States Spruce Production Corp.</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>.7</td><td>Public Works Admin.</td><td></td><td></td><td>57.9</td></tr><tr><td>War Finance Corp.</td><td>1/</td><td>-</td><td>1/</td><td>-</td><td>1/</td><td>U. S. Maritime Commission</td><td></td><td></td><td>127.8</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td></td><td></td><td>Rural Electrification Admin.</td><td></td><td></td><td>147.5</td></tr><tr><td>Disaster Loan Corp.</td><td>18.9</td><td>-</td><td>.1</td><td>-</td><td>18.8</td><td>Federal Housing Admin.</td><td></td><td></td><td>43.4</td></tr><tr><td>Electric Home and Farm Authority</td><td>11.3</td><td>-</td><td>10.3</td><td>-</td><td>1.0</td><td>Farm Credit Admin.</td><td></td><td></td><td>119.2</td></tr><tr><td>Farm Security Administration</td><td>256.2</td><td>-</td><td>-</td><td>-</td><td>256.2</td><td>S</td><td></td><td></td><td>4.6</td></tr><tr><td>Federal National Mortgage Asens.</td><td>134.8</td><td>-</td><td>88.0</td><td>-</td><td>46.8</td><td>Securities received from H F C (Act Feb. 24, 1938)</td><td></td><td></td><td>256.2</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>7.8</td><td>-</td><td>.2</td><td>-</td><td>7.6</td><td>War Finance Corporation</td><td></td><td></td><td>1/</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.6</td><td>-</td><td>-</td><td>-</td><td>2.6</td><td>Total</td><td>1,048.7</td><td></td><td></td></tr><tr><td>Inland Waterways Corp.</td><td>25.6</td><td>-</td><td>.7</td><td>-</td><td>24.9</td><td>Special Obligations</td><td></td><td></td><td></td></tr><tr><td>Panama Railroad Co.</td><td>47.2</td><td>-</td><td>1.0</td><td>-</td><td>46.2</td><td> Held by Treasury:</td><td></td><td></td><td></td></tr><tr><td>Puerto Rico Reconstruction Admin.</td><td>6.3</td><td>-</td><td>-</td><td>-</td><td>6.3</td><td>Reconstruction Finance Corporation</td><td></td><td></td><td>210.9</td></tr><tr><td>R F C Mortgage Company</td><td>57.5</td><td>-</td><td>1.8</td><td>-</td><td>55.7</td><td>Home Owners' Loan Corp.</td><td></td><td></td><td>5.0</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>Tennessee Valley Authority</td><td></td><td></td><td>50.3</td></tr><tr><td>Treasury Department:</td><td></td><td></td><td></td><td></td><td></td><td>Total</td><td>266.2</td><td></td><td></td></tr><tr><td>Railroad loans (Transportation Act, 1920)</td><td>30.2</td><td>-</td><td>-</td><td>-</td><td>30.2</td><td>Grand Total</td><td>3,739.4</td><td></td><td></td></tr><tr><td>Securities received from the Reconstruction Finance Corp. under Act of Feb. 24, 1938</td><td>2.6</td><td>-</td><td>-</td><td>-</td><td>2.6</td><td>Note: Figures in this table are rounded to nearest tenth of million</td><td></td><td></td><td></td></tr><tr><td>Total</td><td>12,778.2</td><td>5,517.8</td><td>3,129.8</td><td>391.2</td><td>3,739.4</td><td></td><td></td><td></td><td></td></tr></table>
Note: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. * Excluding inter-agency transactions. 1/ Less than $100,000.
Note: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. * Excluding inter-agency transactions. 1/ Less than $100,000. 2/ Excess inter-agency assets (deduct). 3/ Deficit.
25
Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States: First 2 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury)
<table><tr><th></th><th>Appropriations from general fund 1/</th><th>Allocations, redevolvements, and loans from other governmental corporations or agencies (net) 2/</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>-</td><td>-</td><td>$32,121,750*</td><td>$100,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>$119,599,918</td><td>-</td><td>10,000,000*</td><td>202,553,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>$3,500,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>17,264,075</td><td>17,582,044</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>15,000,000*</td><td>45,900,000*</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>-</td><td>-</td><td>41,133,175*</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>105,255</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>75,122,000*</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,000,000 4/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$43,700*</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>796,000</td><td>-</td></tr><tr><td>Total</td><td>138,969,248</td><td>21,082,044</td><td>57,121,750*</td><td>41,293,825</td><td>43,700*</td></tr></table>
<table><tr><th></th><th>Sale of other property acquired</th><th>Repayment of loans 5/</th><th>interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation 1/</td><td>$45,165</td><td>$39,511,168</td><td>$14,048,008</td><td>$420,307</td><td>$22,002,898</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>23,270,703</td><td>430,188</td><td>224,105</td><td>336,077,914</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>807,691</td><td>221,031</td><td>-</td><td>4,528,722</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>3,546,046</td><td>20,833,677</td><td>159,070</td><td>24,538,793</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>129,415</td><td>406,422</td><td>2,285</td><td>35,384,241</td></tr><tr><td>Home Owners' Loan Corporation</td><td>4,763,319</td><td>31,915,325</td><td>25,284,633</td><td>1,631,127</td><td>2,694,404</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>394,474</td><td>3</td><td>394,477</td></tr><tr><td>Federal Home Loan Banke</td><td>-</td><td>24,082,985</td><td>589,098</td><td>-</td><td>16,461,092 6/</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>59,020</td><td>633,960</td><td>24,082</td><td>822,317</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>417,671</td><td>10,214,756</td><td>6,335,927</td><td>196,121</td><td>57,957,525 6/</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>313,370</td><td>38,990</td><td>-</td><td>2,352,360</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>5,636,108</td><td>67,975</td><td>91,235</td><td>5,751,618</td></tr><tr><td>Electrio Home and Farm Authority</td><td>-</td><td>947,397</td><td>162,063</td><td>9,018</td><td>1,914,478</td></tr><tr><td>Total</td><td>5,226,155</td><td>140,433,984</td><td>69,446,446</td><td>2,757,353</td><td>362,043,605</td></tr></table>
1/ Items in this column which constitute a charge against the Federal Budget.
2/ Allocations, rediscouts and loans from and to other governmental corporations or agencies are shown net, effective this month.
3/ Includes Federal National Mortgage Association and the EFC Mortgage Company.
4/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the Corporation cancelled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
5/ Excepte from sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
6/ Excess of disbursements, deduct.
* Excess of retirements, deduct.
26
Statement of Uses of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States: First 2 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury - Expenditures on basis of checks issued)
<table><tr><th></th><th colspan="2">Expenses</th><th rowspan="2">Purchase and improvement of property owned</th><th rowspan="2">Loans</th><th rowspan="2">Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$1,615,012</td><td>$506,149</td><td>-</td><td>$69,031,419</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>351,245</td><td>-</td><td>-</td><td>262,291,573</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>11,854</td><td>15</td><td>-</td><td>4,640,783</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>545,102</td><td>-</td><td>-</td><td>703,282</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>453,303</td><td>-</td><td>-</td><td>23,740,457</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>4,053,311</td><td>3,953,176</td><td>$4,175,834</td><td>16,336,810</td><td>$24,200,625</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>41,042</td><td>2,974</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>157,250</td><td>-</td><td>-</td><td>14,591,198</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>931,221</td><td>233,591</td><td>109,707</td><td>24,160,847</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,491,766</td><td>254,079</td><td>499,360</td><td>3,514,379</td><td>-</td></tr><tr><td>Dieaster Loan Corporation</td><td>86,951</td><td>-</td><td>-</td><td>3,203,937</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>19,110</td><td>-</td><td>-</td><td>4,543,104</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>67,684</td><td>36,133</td><td>-</td><td>1,787,547</td><td>-</td></tr><tr><td>Total</td><td>9,824,851</td><td>4,986,117</td><td>4,784,901</td><td>428,545,335</td><td>24,200,625</td></tr></table>
<table><tr><th></th><th>Investments (act)</th><th>Allocations, redevlo- counts, and loans to other govern- mental corporations or agencies (net) $/</th><th>Interest and dividends paid</th><th>Other ex- penditures</th><th>Total uses of funds</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>-</td><td>$17,608,840</td><td>$3,743,801</td><td>$140,576</td><td>$92,645,797</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>18,120</td><td>2,684,044</td><td>265,345,582</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>65,110</td><td>4,717,762</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>$20,000,000</td><td>-</td><td>497,019</td><td>71,634</td><td>21,817,037</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>-</td><td>25,888</td><td>24,219,048</td></tr><tr><td>Home Owners' Loan Corporation</td><td>5,284,650*</td><td>-</td><td>11,923,036</td><td>879,919</td><td>60,238,061</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>341,000</td><td>-</td><td>-</td><td>788</td><td>385,804</td></tr><tr><td>Federal Home Loan Banks</td><td>4,34,986*</td><td>-</td><td>995,947</td><td>2,220,103</td><td>17,529,512</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>-</td><td>784,829</td><td>-</td><td>26,220,195</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>8,150,000*</td><td>-</td><td>5,718,243</td><td>535,766</td><td>3,863,593</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>2,337</td><td>3,293,225</td></tr><tr><td>Central Bank for Cooperatives</td><td>1,625,000*</td><td>1,176,747</td><td>15,276</td><td>2,563,213</td><td>6,692,450</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>9,060</td><td>207</td><td>1,900,631</td></tr><tr><td>Total</td><td>4,846,304</td><td>18,785,587</td><td>23,705,331</td><td>9,190,185</td><td>528,869,297</td></tr></table>
1/ Receipts received in payment of mortgages under "Repayment of loans" in the statement of sources of funds.
2/ Includes Federal National Mortgage Association and the RFC Mortgage Company.
3/ Allocations, rediscouts and loans from and to other governmental corporations or agencies are shown net, effective this month.
* Excess of sales over purchases, deduct.
27
Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States, from Inception of Organization to Aug. 31, 1939
(Compiled from latest reports received by the Treasury)
<table><tr><th></th><th>Appropriations from general fund 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations or agencies (net) 2/</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation 3/</td><td>$500,000,000</td><td>-</td><td>$210,925,878</td><td>$905,029,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>313,885,323</td><td>-</td><td>-</td><td>408,727,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>$45,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>150,000,000</td><td>-</td><td>-</td><td>-</td><td>139,299,557</td></tr><tr><td>Rural Electrification Administration</td><td>85,904,270</td><td>$81,429,618</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000</td><td>-</td><td>5,000,000</td><td>3,114,453,550</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000,000</td></tr><tr><td>Federal Home Loan Banks</td><td>124,741,000</td><td>-</td><td>-</td><td>88,453,000</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>30,461,478</td><td>-</td><td>-</td><td>114,157,000</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>200,000,000</td><td>-</td><td>35,000,000</td><td>1,269,287,900</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>20,000,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>50,000,000</td><td>4,071,279</td><td>-</td><td>-</td><td>327,300</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,000,000</td><td>-</td><td>-</td><td>8,877,622</td><td>-</td></tr><tr><td>Total</td><td>1,678,052,071</td><td>85,500,897</td><td>250,925,878</td><td>5,908,985,072</td><td>284,626,857</td></tr></table>
<table><tr><th></th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interests, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation 1/</td><td>$2,469,270</td><td>$4,802,493,039</td><td>$517,999,696</td><td>$67,862,818</td><td>$7,006,779,701</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>599,493,073</td><td>9,939,001</td><td>746,665</td><td>1,332,791,062</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>32,779,400</td><td>4,148,418</td><td>640,904</td><td>83,568,722</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>21,024,316</td><td>211,131,589</td><td>3,365,229</td><td>524,820,691</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>563,173</td><td>1,728,104</td><td>2,851</td><td>170,688,016</td></tr><tr><td>Home Owners' Loan Corporation</td><td>34,366,273</td><td>632,917,965</td><td>665,055,986</td><td>6,534,204</td><td>4,658,327,978</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>23,379,496</td><td>31,070</td><td>123,410,566</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>378,144,812</td><td>30,259,777</td><td>31,668,230</td><td>653,266,819</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>856,318</td><td>6,356,093</td><td>174,807</td><td>152,005,696</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>3,427,631</td><td>193,235,811</td><td>314,241,382</td><td>8,457,413</td><td>2,023,650,137</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>2,679,541</td><td>298,034</td><td>50,122</td><td>23,027,697</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>170,152,338</td><td>8,447,070</td><td>2,396,880</td><td>235,394,867</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>9,191,985</td><td>1,704,812</td><td>190,170</td><td>20,964,589</td></tr><tr><td>Total</td><td>40,263,174</td><td>6,843,531,771</td><td>1,794,689,458</td><td>122,121,363</td><td>17,008,696,541</td></tr></table>
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2/ Allocations, rediscouts and loans from and to other governmental corporations or agencies are shown net, effective this month.
3/ Includes Federal National Mortgage Association and the RFC Mortgage Company.
4/ Includes $3,000,000 NRA; $97,000,000 RFC included in notes cancelled by the Treasury (see footnote 5); and $213,885,322.78 restoration of capital impairment pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
5/ These funds were furnished by the ReConstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the Corporation cancelled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
6/ Retirement of these obligations shown as "Retirement of obligations issued in exchange for mortgagees" in the statement of uses of funds.
7/ Receipts from sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
28
Statement of Uses of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States, from Inception of Organization to Aug. 31, 1939
(Copiled from latest reports received by the Treasury - Expenditures on basis of checks issued)
<table><tr><th></th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$69,435,344</td><td>$6,782,392</td><td>-</td><td>$6,640,109,682</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>4,508,742</td><td>-</td><td>-</td><td>1,229,189,814</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>314,112</td><td>222</td><td>-</td><td>67,075,979</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>17,112,845</td><td>-</td><td>-</td><td>78,889,053</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>6,058,667</td><td>-</td><td>-</td><td>146,078,281</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>178,513,986</td><td>50,349,887</td><td>$105,780,831</td><td>3,189,222,530</td><td>$255,249,150</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>817,403</td><td>13,202</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>7,316,206</td><td>-</td><td>-</td><td>537,614,589</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>5,698,790</td><td>2,905,581</td><td>25,760,747</td><td>82,110,974</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>55,184,514</td><td>2,084,746</td><td>7,169,795</td><td>969,150,613</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>1,538,793</td><td>47,415</td><td>-</td><td>20,500,258</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>632,987</td><td>-</td><td>-</td><td>161,989,301</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,054,288</td><td>365,097</td><td>-</td><td>18,868,224</td><td>-</td></tr><tr><td>Total</td><td>348,186,677</td><td>62,548,542</td><td>138,711,373</td><td>13,160,799,298</td><td>255,249,150</td></tr></table>
<table><tr><th></th><th>Investments (net) 1/</th><th>Allocations, rediscounts, and loans to other governmental corporations or agencies (net) 2/</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total uses of funds</th></tr><tr><td>Reconstruction Finance Corporations 2/</td><td>$45,000,000</td><td>$18,068,264</td><td>$226,495,171</td><td>$454,711</td><td>$7,006,345,564</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>17,080,471</td><td>3,192,852</td><td>1,253,971,879</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>12,800,000</td><td>2,262,329</td><td>529,301</td><td>52,981,943</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>363,495,857</td><td>-</td><td>43,405,868</td><td>624,382</td><td>503,528,005</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>771,310</td><td>209,674</td><td>153,117,932</td></tr><tr><td>Home Owners' Loan Corporation</td><td>311,174,310</td><td>-</td><td>374,132,905</td><td>10,994,700</td><td>4,475,418,299</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>118,276,139</td><td>-</td><td>3,414,738</td><td>560,125</td><td>123,081,607</td></tr><tr><td>Federal Home Loan Banks</td><td>46,552,356</td><td>-</td><td>15,412,923</td><td>155,554</td><td>609,051,628</td></tr><tr><td>United States Housing Authority</td><td>1,700,000</td><td>-</td><td>843,294</td><td>60,858</td><td>119,080,244</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>770,804,840</td><td>-</td><td>197,580,473</td><td>11,494,096</td><td>2,013,469,077</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>133</td><td>22,086,599</td></tr><tr><td>Central Bank for Cooperatives</td><td>43,885,000</td><td>-</td><td>438,572</td><td>5,621,331</td><td>232,567,191</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>128,791</td><td>185,903</td><td>20,600,303</td></tr><tr><td>Total</td><td>1,702,888,502</td><td>30,868,264</td><td>881,966,665</td><td>34,081,620</td><td>16,615,300,271</td></tr></table>
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Includes Federal National Mortgage Association and RFC Mortgage Company.
3/ Includes U. S. Government Bonds in the amount of $291,107,547, as follows: Federal Deposit Insurance Corp., $225,005,716; Federal Savings and Loan Insurance Corp., $10,997,697; U. S. Housing Authority, $1,700,000; the Banks for Cooperatives, $23,665,000; and Federal Home Loan Banks, $29,739,134.
4/ Allocations, rediscouts and loans from and to other governmental corporations or agencies are shown net, effective this month.
29
Principal of Outstanding Obligations Guaranteed by the United States
(In millions of dollars - compiled from reports received by the Treasury)
<table><tr><th>End of fiscal year or month</th><th>Total 1/</th><th>Commodity Credit Corporation notes</th><th>Federal Farm Mortgage Corporation bonds</th><th>Federal Housing Administration debentures</th><th>Home Owners' Loan Corporation bonds</th><th>Reconstruction Finance Corporation notes</th><th>United States Housing Authority</th></tr><tr><td>1934</td><td>580.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>1.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>238.9</td><td>-</td></tr><tr><td>1939</td><td>5,471.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,948.9*</td><td>819.7</td><td>114.2</td></tr><tr><td>1938-Aug.</td><td>5,015.0</td><td>206.2</td><td>1,409.8</td><td>.9</td><td>2,887.6</td><td>510.5</td><td>-</td></tr><tr><td>Sept.</td><td>5,009.4</td><td>206.2</td><td>1,404.2</td><td>.9</td><td>2,887.6</td><td>510.5</td><td>-</td></tr><tr><td>Oct.</td><td>5,000.5</td><td>206.2</td><td>1,395.1</td><td>1.1</td><td>2,887.6</td><td>510.5</td><td>-</td></tr><tr><td>Nov.</td><td>4,993.3</td><td>206.2</td><td>1,387.8</td><td>1.2</td><td>2,887.6</td><td>510.5</td><td>-</td></tr><tr><td>Dec.</td><td>4,991.9</td><td>206.2</td><td>1,387.8</td><td>1.3</td><td>2,887.6</td><td>509.0</td><td>-</td></tr><tr><td>1939-Jan.</td><td>4,987.0</td><td>206.2</td><td>1,382.7</td><td>1.4</td><td>2,887.6</td><td>509.1</td><td>-</td></tr><tr><td>Feb.</td><td>5,409.7</td><td>206.2</td><td>1,380.9</td><td>1.7</td><td>2,887.6</td><td>819.2</td><td>114.1</td></tr><tr><td>Mar.</td><td>5,410.0</td><td>206.2</td><td>1,380.9</td><td>1.9</td><td>2,887.6</td><td>819.2</td><td>114.2</td></tr><tr><td>Apr.</td><td>5,409.6</td><td>206.2</td><td>1,379.9</td><td>2.2</td><td>2,887.6</td><td>819.5</td><td>114.2</td></tr><tr><td>May.</td><td>5,409.4</td><td>206.2</td><td>1,379.4</td><td>2.4</td><td>2,887.6</td><td>819.6</td><td>114.2</td></tr><tr><td>June.</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>819.7</td><td>114.2</td></tr><tr><td>July.</td><td>5,291.2</td><td>206.2</td><td>1,379.4</td><td>2.2</td><td>2,769.4*</td><td>819.8</td><td>114.2</td></tr><tr><td>Aug.</td><td>5,489.3</td><td>408.7</td><td>1,379.4</td><td>2.6</td><td>2,764.6</td><td>819.8</td><td>114.2</td></tr></table>
Preliminary
l/ Exclusive of obligations sold directly to the Treasury.
THE UNITED STATES AND FOREIGN COUNTRIES
CAPITAL MOVEMENTS BETWEEN
-30-
31
Net Capital Movement between the United States and Foreign Countries 1935 through July 1939
(In thousands of dollars. Capital inflow (+) or capital outflow (-))
<table><tr><th>Movement during following periods</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td><b>MOVEMENT IN SHORT-TERM BANKING FUNDS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936..</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td><td>954,629</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936..</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>32,251</td><td>120,672</td><td>24,609</td><td>928</td><td>397,342</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937..</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,083</td><td>-11,507</td><td>255,594</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938..</td><td>174,438</td><td>47,232</td><td>15,796</td><td>4,356</td><td>5,661</td><td>-84,633</td><td>99,761</td><td>262,611</td><td>111,078</td><td>-17,201</td><td>-77,158</td><td>13,885</td><td>293,215</td></tr><tr><td>Dec. 28, 1938-Aug. 2, 1939..</td><td>185,159</td><td>98,099</td><td>11,625</td><td>-5,311</td><td>56,960</td><td>33,490</td><td>137,344</td><td>517,366</td><td>79,293</td><td>112,018</td><td>47,501</td><td>25,696</td><td>781,874</td></tr><tr><td>Total ended</td><td>756,299</td><td>322,378</td><td>142,145</td><td>12,414</td><td>134,495</td><td>239,820</td><td>373,398</td><td>1,980,949</td><td>244,929</td><td>312,721</td><td>115,175</td><td>38,880</td><td>2,692,654</td></tr><tr><td>1939-July 5....................</td><td>-29,799</td><td>15,301</td><td>889</td><td>935</td><td>-556</td><td>3,896</td><td>10,927</td><td>1,593</td><td>2,911</td><td>-2,032</td><td>-1,321</td><td>811</td><td>1,952</td></tr><tr><td>July 12.........................</td><td>-22,085</td><td>-3,252</td><td>-310</td><td>99</td><td>6,715</td><td>2,602</td><td>2,469</td><td>-13,762</td><td>-9,872</td><td>-2,229</td><td>2,014</td><td>5,118</td><td>-18,731</td></tr><tr><td>July 19.........................</td><td>5,854</td><td>-289</td><td>1,953</td><td>-492</td><td>-196</td><td>-2,665</td><td>705</td><td>4,870</td><td>-2,459</td><td>3,226</td><td>1,900</td><td>484</td><td>8,021</td></tr><tr><td>July 26.........................</td><td>6,388</td><td>-8,572</td><td>-1,191</td><td>270</td><td>-78</td><td>5,493</td><td>-599</td><td>1,711</td><td>12,742</td><td>11,995</td><td>270</td><td>-606</td><td>26,112</td></tr><tr><td>Aug. 2................-----------</td><td>23,987</td><td>-1,150</td><td>1,538</td><td>490</td><td>-2,360</td><td>-184</td><td>6</td><td>22,327</td><td>7,832</td><td>4,061</td><td>-16,329</td><td>-405</td><td>17,486</td></tr><tr><td>Total July.....................</td><td>-15,655</td><td>2,038</td><td>2,879</td><td>1,302</td><td>3,525</td><td>9,142</td><td>13,508</td><td>16,739</td><td>11,154</td><td>15,021</td><td>-13,466</td><td>5,402</td><td>34,850</td></tr><tr><td><b>MOVEMENT IN BROKERAGE BALANCES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936..</td><td>13</td><td>2,418</td><td>-152</td><td>123</td><td>1,265</td><td>2,455</td><td>1,431</td><td>7,553</td><td>-4,479</td><td>968</td><td>2,878</td><td>-881</td><td>6,039</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936..</td><td>4,016</td><td>7,977</td><td>-510</td><td>131</td><td>-2,195</td><td>6,656</td><td>-1,070</td><td>15,005</td><td>-3,086</td><td>-5,182</td><td>-788</td><td>862</td><td>6,811</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937..</td><td>7,494</td><td>1,123</td><td>659</td><td>-109</td><td>5,833</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td><td>34,687</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938..</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td><td>34</td></tr><tr><td>Dec. 28, 1938-Aug. 2, 1939..</td><td>6,698</td><td>5,120</td><td>-14</td><td>-26</td><td>5,200</td><td>4,535</td><td>1,959</td><td>23,472</td><td>6,230</td><td>1,684</td><td>2,887</td><td>255</td><td>34,528</td></tr><tr><td>Total ended</td><td>19,943</td><td>17,698</td><td>-198</td><td>177</td><td>11,981</td><td>13,366</td><td>7,253</td><td>70,220</td><td>8,817</td><td>736</td><td>1,856</td><td>470</td><td>82,099</td></tr><tr><td>1939-July 5....................</td><td>302</td><td>456</td><td>90</td><td>1</td><td>134</td><td>-47</td><td>-204</td><td>732</td><td>-21</td><td>145</td><td>1,006</td><td>218</td><td>2,080</td></tr><tr><td>July 12.........................</td><td>-190</td><td>-396</td><td>-21</td><td>1</td><td>1,485</td><td>-16</td><td>355</td><td>1,217</td><td>1,092</td><td>62</td><td>6</td><td>-90</td><td>2,287</td></tr><tr><td>July 19.........................</td><td>1,129</td><td>1,102</td><td>-4</td><td>12</td><td>422</td><td>770</td><td>271</td><td>3,702</td><td>-469</td><td>6</td><td>226</td><td>95</td><td>3,560</td></tr><tr><td>July 26.........................</td><td>635</td><td>-453</td><td>34</td><td>31</td><td>567</td><td>135</td><td>141</td><td>1,090</td><td>-1,001</td><td>57</td><td>264</td><td>-8</td><td>402</td></tr><tr><td>Aug. 2................-----------</td><td>-80</td><td>234</td><td>-30</td><td>-2</td><td>-231</td><td>665</td><td>-308</td><td>248</td><td>-50</td><td>-343</td><td>-43</td><td>-29</td><td>-217</td></tr><tr><td>Total July.....................</td><td>1,796</td><td>943</td><td>69</td><td>42</td><td>2,377</td><td>1,507</td><td>255</td><td>6,989</td><td>-449</td><td>-73</td><td>1,459</td><td>186</td><td>8,112</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936..</td><td>149,780</td><td>23,394</td><td>-5,353</td><td>-95</td><td>50,458</td><td>55,125</td><td>12,928</td><td>286,237</td><td>2,807</td><td>3,585</td><td>21,371</td><td>2,560</td><td>316,660</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936..</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>531,719</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td><td>600,693</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937..</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td><td>244,626</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938..</td><td>23,869</td><td>6,168</td><td>-5,262</td><td>-558</td><td>-300</td><td>26,487</td><td>856</td><td>50,650</td><td>-9,845</td><td>5,204</td><td>1,696</td><td>1,190</td><td>48,895</td></tr><tr><td>Dec. 28, 1938-Aug. 2, 1939..</td><td>-37,841</td><td>-3,005</td><td>-3,800</td><td>-208</td><td>16,512</td><td>9,554</td><td>-581</td><td>-19,369</td><td>-8,912</td><td>1,726</td><td>-4,437</td><td>2,322</td><td>-28,670</td></tr><tr><td>Total ended</td><td>434,747</td><td>73,489</td><td>-26,482</td><td>-5,636</td><td>229,454</td><td>311,302</td><td>56,022</td><td>1,072,896</td><td>18,887</td><td>25,161</td><td>51,936</td><td>13,324</td><td>1,182,204</td></tr><tr><td>1939-July 5....................</td><td>131</td><td>-130</td><td>-298</td><td>34</td><td>198</td><td>29</td><td>225</td><td>189</td><td>2,437</td><td>-235</td><td>-2,202</td><td>-130</td><td>59</td></tr><tr><td>July 12.........................</td><td>406</td><td>117</td><td>-367</td><td>-</td><td>-76</td><td>-2,482</td><td>-438</td><td>-3,652</td><td>-1,252</td><td>204</td><td>-239</td><td>22</td><td>-4,917</td></tr><tr><td>July 19.........................</td><td>-4,382</td><td>-1,084</td><td>-158</td><td>2</td><td>-909</td><td>-1,392</td><td>-283</td><td>-3,211</td><td>216</td><td>-157</td><td>-1,244</td><td>26</td><td>-9,380</td></tr><tr><td>July 26.........................</td><td>-3,079</td><td>-568</td><td>-221</td><td>2</td><td>-1,209</td><td>820</td><td>-353</td><td>-4,708</td><td>1,241</td><td>-155</td><td>-1,294</td><td>-147</td><td>-5,073</td></tr><tr><td>Aug. 2................-----------</td><td>518</td><td>894</td><td>-135</td><td>-129</td><td>468</td><td>-707</td><td>15</td><td>854</td><td>2,339</td><td>-158</td><td>-706</td><td>-105</td><td>2,234</td></tr><tr><td>Total July.....................</td><td>-7,218</td><td>-871</td><td>-1,239</td><td>-91</td><td>-1,528</td><td>-3,732</td><td>-839</td><td>-15,518</td><td>4,981</td><td>-521</td><td>-5,685</td><td>-334</td><td>-17,077</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN FOREIGN SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936..</td><td>67,757</td><td>6,818</td><td>13,275</td><td>2,949</td><td>7,408</td><td>-1,191</td><td>46,129</td><td>143,145</td><td>-39,715</td><td>12,700</td><td>7,914</td><td>1,114</td><td>125,158</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936..</td><td>48,304</td><td>11,368</td><td>9,247</td><td>6,469</td><td>3,008</td><td>14,924</td><td>41,788</td><td>135,108</td><td>41,452</td><td>2,973</td><td>9,133</td><td>2,410</td><td>191,076</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937..</td><td>20,713</td><td>4,623</td><td>4,059</td><td>4,057</td><td>10,815</td><td>16,657</td><td>27,267</td><td>88,191</td><td>8,785</td><td>159,284</td><td>7,484</td><td>3,264</td><td>267,008</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938..</td><td>-7,694</td><td>3,352</td><td>6,482</td><td>7,027</td><td>6,106</td><td>6,694</td><td>50,687</td><td>72,654</td><td>-49,392</td><td>-8,644</td><td>9,271</td><td>2,869</td><td>26,758</td></tr><tr><td>Dec. 28, 1938-Aug. 2, 1939..</td><td>-2,414</td><td>2,167</td><td>2,956</td><td>3,775</td><td>2,410</td><td>5,222</td><td>14,760</td><td>28,876</td><td>25,354</td><td>11,212</td><td>4,398</td><td>355</td><td>70,195</td></tr><tr><td>Total ended</td><td>126,666</td><td>28,328</td><td>36,019</td><td>24,277</td><td>29,747</td><td>42,306</td><td>180,631</td><td>467,974</td><td>-13,516</td><td>177,525</td><td>38,200</td><td>10,012</td><td>680,195</td></tr><tr><td>1939-July 5....................</td><td>-314</td><td>6</td><td>84</td><td>74</td><td>134</td><td>86</td><td>378</td><td>448</td><td>13,037</td><td>370</td><td>106</td><td>3</td><td>13,964</td></tr><tr><td>July 12.........................</td><td>-790</td><td>75</td><td>22</td><td>152</td><td>85</td><td>-87</td><td>-49</td><td>-532</td><td>-1,126</td><td>247</td><td>323</td><td>-225</td><td>-1,373</td></tr><tr><td>July 19.........................</td><td>-524</td><td>-37</td><td>35</td><td>105</td><td>-3</td><td>501</td><td>-827</td><td>-742</td><td>452</td><td>321</td><td>166</td><td>-275</td><td>-75</td></tr><tr><td>July 26.........................</td><td>-168</td><td>25</td><td>-11</td><td>158</td><td>-123</td><td>96</td><td>-214</td><td>-67</td><td>339</td><td>292</td><td>329</td><td>44</td><td>937</td></tr><tr><td>Aug. 2................-----------</td><td>307</td><td>57</td><td>105</td><td>23</td><td>239</td><td>40</td><td>738</td><td>1,509</td><td>224</td><td>321</td><td>136</td><td>30</td><td>2,220</td></tr><tr><td>Total July.....................</td><td>-1,489</td><td>126</td><td>235</td><td>513</td><td>332</td><td>636</td><td>196</td><td>549</td><td>12,936</td><td>1,551</td><td>1,060</td><td>-423</td><td>15,673</td></tr><tr><td><b>NET CAPITAL MOVEMENTS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936..</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</td><td>1,200,598</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td><td>1,412,486</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936..</td><td>274,401</td><td>89,296</td><td>46,527</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td><td>1,195,822</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937..</td><td>164,382</td><td>-17,836</td><td>40,766</td><td>-23,478</td><td>82,216</td><td>271,914</td><td>83,763</td><td>601,727</td><td>44,213</td><td>209,367</td><td>40,541</td><td>-5,507</td><td>801,915</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938..</td><td>192,335</td><td>57,812</td><td>16,825</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,581</td><td>388,655</td><td>50,901</td><td>-21,075</td><td>-67,743</td><td>18,164</td><td>368,900</td></tr><tr><td>Dec. 28, 1938-Aug
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
22
33
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>578,260</td><td>296,396</td><td>14,558</td><td>12,604</td><td>147,316</td><td>243,503</td><td>377,378</td><td>1,670,015</td><td>292,193</td><td>360,705</td><td>247,918</td><td>50,086</td><td>2,620,917</td></tr><tr><td>July 12.</td><td>556,205</td><td>293,638</td><td>13,786</td><td>13,408</td><td>154,040</td><td>245,986</td><td>379,811</td><td>1,656,874</td><td>282,892</td><td>359,417</td><td>248,502</td><td>54,673</td><td>2,602,358</td></tr><tr><td>July 19.</td><td>564,245</td><td>292,843</td><td>15,115</td><td>12,538</td><td>154,934</td><td>243,725</td><td>379,403</td><td>1,662,803</td><td>281,776</td><td>364,097</td><td>249,801</td><td>55,245</td><td>2,613,722</td></tr><tr><td>July 26.</td><td>567,473</td><td>284,184</td><td>13,759</td><td>12,782</td><td>153,842</td><td>248,762</td><td>379,591</td><td>1,660,393</td><td>293,641</td><td>375,452</td><td>253,568</td><td>54,355</td><td>2,637,409</td></tr><tr><td>Aug. 2.</td><td>589,144</td><td>284,199</td><td>14,313</td><td>13,263</td><td>152,880</td><td>248,543</td><td>379,728</td><td>1,682,070</td><td>305,511</td><td>379,502</td><td>244,818</td><td>53,172</td><td>2,665,073</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>516,023</td><td>293,695</td><td>14,251</td><td>12,269</td><td>146,528</td><td>243,224</td><td>376,030</td><td>1,602,020</td><td>291,308</td><td>360,316</td><td>238,920</td><td>49,648</td><td>2,542,212</td></tr><tr><td>July 12.</td><td>497,025</td><td>291,029</td><td>13,486</td><td>13,011</td><td>152,997</td><td>245,785</td><td>378,626</td><td>1,591,959</td><td>281,271</td><td>359,007</td><td>239,227</td><td>54,235</td><td>2,525,699</td></tr><tr><td>July 19.</td><td>504,461</td><td>290,281</td><td>14,755</td><td>12,023</td><td>153,857</td><td>243,500</td><td>378,264</td><td>1,597,141</td><td>280,624</td><td>363,662</td><td>240,005</td><td>54,911</td><td>2,536,343</td></tr><tr><td>July 26.</td><td>508,912</td><td>281,714</td><td>13,432</td><td>12,203</td><td>153,047</td><td>248,462</td><td>377,907</td><td>1,595,677</td><td>292,240</td><td>375,022</td><td>243,399</td><td>54,013</td><td>2,560,351</td></tr><tr><td>Aug. 2.</td><td>525,812</td><td>281,967</td><td>14,011</td><td>12,717</td><td>152,058</td><td>248,286</td><td>378,661</td><td>1,613,512</td><td>304,845</td><td>379,021</td><td>235,688</td><td>52,864</td><td>2,585,930</td></tr><tr><td>Deposits for foreign accounts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>505,124</td><td>290,022</td><td>13,575</td><td>11,477</td><td>140,746</td><td>232,554</td><td>358,812</td><td>1,552,310</td><td>285,474</td><td>334,334</td><td>202,806</td><td>49,015</td><td>2,423,939</td></tr><tr><td>July 12.</td><td>486,193</td><td>286,892</td><td>12,848</td><td>12,280</td><td>145,791</td><td>235,210</td><td>362,767</td><td>1,541,981</td><td>276,339</td><td>331,812</td><td>201,828</td><td>53,609</td><td>2,405,559</td></tr><tr><td>July 19.</td><td>493,246</td><td>286,619</td><td>14,137</td><td>11,190</td><td>147,534</td><td>232,890</td><td>361,616</td><td>1,547,232</td><td>275,679</td><td>337,319</td><td>202,538</td><td>54,300</td><td>2,417,068</td></tr><tr><td>July 26.</td><td>496,524</td><td>278,727</td><td>12,848</td><td>11,294</td><td>147,158</td><td>238,170</td><td>362,499</td><td>1,547,220</td><td>287,439</td><td>347,438</td><td>206,710</td><td>53,371</td><td>2,442,178</td></tr><tr><td>Aug. 2.</td><td>511,798</td><td>276,686</td><td>13,460</td><td>11,859</td><td>145,872</td><td>237,719</td><td>362,393</td><td>1,559,787</td><td>300,077</td><td>350,556</td><td>198,307</td><td>52,172</td><td>2,460,899</td></tr><tr><td>Bill held for foreign accounts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>6,969</td><td>2,283</td><td>294</td><td>547</td><td>5,104</td><td>9,327</td><td>14,406</td><td>38,930</td><td>4,247</td><td>24,834</td><td>30,259</td><td>433</td><td>98,703</td></tr><tr><td>July 12.</td><td>6,687</td><td>2,220</td><td>370</td><td>478</td><td>6,521</td><td>9,321</td><td>13,383</td><td>38,980</td><td>4,265</td><td>26,742</td><td>31,540</td><td>423</td><td>101,950</td></tr><tr><td>July 19.</td><td>5,989</td><td>2,245</td><td>305</td><td>545</td><td>5,636</td><td>9,195</td><td>14,411</td><td>38,326</td><td>3,774</td><td>25,942</td><td>31,529</td><td>408</td><td>99,979</td></tr><tr><td>July 26.</td><td>5,437</td><td>2,166</td><td>357</td><td>504</td><td>5,218</td><td>9,222</td><td>13,419</td><td>36,323</td><td>3,879</td><td>27,100</td><td>30,713</td><td>436</td><td>98,451</td></tr><tr><td>Aug. 2.</td><td>6,996</td><td>2,586</td><td>359</td><td>539</td><td>5,504</td><td>9,619</td><td>14,240</td><td>39,843</td><td>3,823</td><td>28,016</td><td>29,984</td><td>487</td><td>102,153</td></tr><tr><td>Short-term United States Government obligations held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>33</td><td>800</td><td>-</td><td>5,500</td><td>-</td><td>6,333</td></tr><tr><td>July 12.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>33</td><td>-</td><td>-</td><td>5,500</td><td>-</td><td>5,533</td></tr><tr><td>July 19.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>33</td><td>-</td><td>-</td><td>5,500</td><td>-</td><td>5,533</td></tr><tr><td>July 26.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>33</td><td>-</td><td>-</td><td>5,500</td><td>-</td><td>5,533</td></tr><tr><td>Aug. 2.</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>33</td><td>-</td><td>-</td><td>6,942</td><td>-</td><td>6,975</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>3,898</td><td>1,390</td><td>382</td><td>245</td><td>678</td><td>1,343</td><td>2,811</td><td>10,747</td><td>787</td><td>1,148</td><td>355</td><td>200</td><td>13,237</td></tr><tr><td>July 12.</td><td>4,113</td><td>1,917</td><td>268</td><td>253</td><td>685</td><td>1,254</td><td>2,475</td><td>10,965</td><td>667</td><td>453</td><td>359</td><td>203</td><td>12,647</td></tr><tr><td>July 19.</td><td>5,194</td><td>1,417</td><td>313</td><td>288</td><td>687</td><td>1,415</td><td>2,236</td><td>11,550</td><td>1,171</td><td>401</td><td>438</td><td>203</td><td>13,763</td></tr><tr><td>July 26.</td><td>6,919</td><td>821</td><td>227</td><td>405</td><td>671</td><td>1,070</td><td>1,988</td><td>12,101</td><td>922</td><td>484</td><td>476</td><td>206</td><td>14,189</td></tr><tr><td>Aug. 2.</td><td>6,986</td><td>2,695</td><td>192</td><td>319</td><td>682</td><td>948</td><td>2,027</td><td>13,849</td><td>945</td><td>449</td><td>455</td><td>205</td><td>15,903</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>62,237</td><td>2,701</td><td>307</td><td>335</td><td>788</td><td>279</td><td>1,348</td><td>67,995</td><td>885</td><td>389</td><td>8,998</td><td>438</td><td>78,705</td></tr><tr><td>July 12.</td><td>59,180</td><td>2,609</td><td>300</td><td>397</td><td>1,043</td><td>201</td><td>1,185</td><td>64,915</td><td>1,621</td><td>410</td><td>9,275</td><td>438</td><td>76,659</td></tr><tr><td>July 19.</td><td>59,784</td><td>2,562</td><td>360</td><td>515</td><td>1,077</td><td>225</td><td>1,139</td><td>65,662</td><td>1,152</td><td>435</td><td>9,796</td><td>334</td><td>77,379</td></tr><tr><td>July 26.</td><td>58,561</td><td>2,470</td><td>327</td><td>579</td><td>795</td><td>300</td><td>1,684</td><td>64,716</td><td>1,401</td><td>430</td><td>10,169</td><td>342</td><td>77,058</td></tr><tr><td>Aug. 2.</td><td>63,332</td><td>2,232</td><td>302</td><td>546</td><td>822</td><td>257</td><td>1,067</td><td>68,558</td><td>666</td><td>481</td><td>9,130</td><td>308</td><td>79,143</td></tr><tr><td>Borrowings from foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>19,893</td><td>185</td><td>265</td><td>245</td><td>14</td><td>197</td><td>759</td><td>21,558</td><td>569</td><td>263</td><td>7,531</td><td>164</td><td>30,085</td></tr><tr><td>July 12.</td><td>18,147</td><td>149</td><td>258</td><td>251</td><td>323</td><td>117</td><td>617</td><td>19,862</td><td>1,241</td><td>281</td><td>7,757</td><td>157</td><td>29,298</td></tr><tr><td>July 19.</td><td>18,374</td><td>166</td><td>392</td><td>414</td><td>308</td><td>144</td><td>628</td><td>20,326</td><td>732</td><td>301</td><td>8,182</td><td>118</td><td>29,659</td></tr><tr><td>July 26.</td><td>17,714</td><td>207</td><td>283</td><td>450</td><td>41</td><td>164</td><td>962</td><td>19,821</td><td>1,008</td><td>299</td><td>8,609</td><td>124</td><td>29,861</td></tr><tr><td>Aug. 2.</td><td>19,876</td><td>83</td><td>247</td><td>438</td><td>69</td><td>132</td><td>574</td><td>21,419</td><td>309</td><td>354</td><td>7,803</td><td>12</td><td>29,897</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>36,773</td><td>2,361</td><td>19</td><td>9</td><td>446</td><td>22</td><td>102</td><td>39,732</td><td>200</td><td>-</td><td>18</td><td>-</td><td>39,950</td></tr><tr><td>July 12.</td><td>35,757</td><td>2,272</td><td>19</td><td>67</td><td>398</td><td>20</td><td>121</td><td>38,654</td><td>233</td><td>-</td><td>28</td><td>-</td><td>38,915</td></tr><tr><td>July 19.</td><td>36,084</td><td>2,243</td><td>45</td><td>4</td><td>466</td><td>19</td><td>121</td><td>38,982</td><td>223</td><td>-</td><td>40</td><td>-</td><td>39,245</td></tr><tr><td>July 26.</td><td>35,998</td><td>2,096</td><td>19</td><td>36</td><td>443</td><td>16</td><td>104</td><td>38,712</td><td>213</td><td>-</td><td>47</td><td>-</td><td>38,972</td></tr><tr><td>Aug. 2.</td><td>37,845</td><td>1,995</td><td>30</td><td>14</td><td>435</td><td>16</td><td>116</td><td>40,451</td><td>233</td><td>-</td><td>53</td><td>-</td><td>40,737</td></tr><tr><td>Other liabilities payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>5,571</td><td>155</td><td>23</td><td>81</td><td>328</td><td>60</td><td>487</td><td>6,705</td><td>116</td><td>126</td><td>1,449</td><td>274</td><td>8,670</td></tr><tr><td>July 12.</td><td>5,276</td><td>188</td><td>23</td><td>79</td><td>322</td><td>64</td><td>447</td><td>6,399</td><td>147</td><td>129</td><td>1,490</td><td>281</td><td>8,446</td></tr><tr><td>July 19.</td><td>5,326</td><td>153</td><td>23</td><td>97</td><td>303</td><td>62</td><td>390</td><td>6,354</td><td>197</td><td>134</td><td>1,574</td><td>216</td><td>8,475</td></tr><tr><td>July 26.</td><td>5,849</td><td>167</td><td>25</td><td>93</td><td>311</td><td>120</td><td>618</td><td>6,183</td><td>180</td><td>131</td><td>1,513</td><td>218</td><td>8,225</td></tr><tr><td>Aug. 2.</td><td>5,611</td><td>154</td><td>25</td><td>94</td><td>318</td><td>109</td><td>377</td><td>6,688</td><td>124</td><td>127</td><td>1,274</td><td>296</td><td>8,509</td></tr></table>
34
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>56,108</td><td>7,391</td><td>75,945</td><td>8,992</td><td>21,574</td><td>3,334</td><td>39,437</td><td>212,781</td><td>51,047</td><td>110,079</td><td>107,212</td><td>12,322</td><td>494,041</td></tr><tr><td>July 12.</td><td>56,138</td><td>7,885</td><td>75,483</td><td>9,697</td><td>21,583</td><td>3,215</td><td>39,401</td><td>213,402</td><td>52,218</td><td>111,020</td><td>105,782</td><td>11,791</td><td>494,213</td></tr><tr><td>July 19.</td><td>58,324</td><td>7,379</td><td>74,859</td><td>9,319</td><td>22,673</td><td>3,619</td><td>38,288</td><td>214,461</td><td>53,561</td><td>112,474</td><td>105,181</td><td>11,879</td><td>497,556</td></tr><tr><td>July 26.</td><td>55,104</td><td>7,292</td><td>74,694</td><td>9,293</td><td>21,659</td><td>3,163</td><td>39,075</td><td>210,340</td><td>52,684</td><td>111,834</td><td>108,678</td><td>11,595</td><td>495,131</td></tr><tr><td>Aug. 2.</td><td>52,848</td><td>8,457</td><td>73,710</td><td>9,284</td><td>23,057</td><td>3,128</td><td>39,206</td><td>209,690</td><td>56,722</td><td>111,823</td><td>116,257</td><td>10,817</td><td>505,309</td></tr><tr><td>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>29,045</td><td>863</td><td>370</td><td>1,636</td><td>2,815</td><td>1,203</td><td>3,745</td><td>39,677</td><td>16,115</td><td>5,080</td><td>23,914</td><td>1,096</td><td>85,882</td></tr><tr><td>July 12.</td><td>34,846</td><td>964</td><td>311</td><td>1,575</td><td>2,333</td><td>1,424</td><td>3,923</td><td>45,376</td><td>15,574</td><td>5,006</td><td>23,707</td><td>1,099</td><td>90,762</td></tr><tr><td>July 19.</td><td>34,654</td><td>983</td><td>332</td><td>1,680</td><td>2,791</td><td>1,337</td><td>3,564</td><td>45,341</td><td>16,033</td><td>5,732</td><td>23,287</td><td>1,055</td><td>91,448</td></tr><tr><td>July 26.</td><td>32,792</td><td>1,020</td><td>348</td><td>1,694</td><td>2,221</td><td>1,398</td><td>3,976</td><td>43,449</td><td>14,990</td><td>5,268</td><td>23,919</td><td>972</td><td>88,598</td></tr><tr><td>Aug. 2.</td><td>30,519</td><td>979</td><td>321</td><td>1,669</td><td>2,556</td><td>1,209</td><td>4,126</td><td>41,379</td><td>15,033</td><td>4,810</td><td>23,919</td><td>1,025</td><td>86,166</td></tr><tr><td>Banka own deposits abroad:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>14,488</td><td>577</td><td>307</td><td>151</td><td>1,926</td><td>455</td><td>1,664</td><td>19,568</td><td>13,174</td><td>1,020</td><td>1,254</td><td>128</td><td>35,144</td></tr><tr><td>July 12.</td><td>21,319</td><td>747</td><td>245</td><td>114</td><td>1,573</td><td>688</td><td>1,800</td><td>26,487</td><td>12,606</td><td>907</td><td>1,052</td><td>132</td><td>41,184</td></tr><tr><td>July 19.</td><td>20,655</td><td>780</td><td>270</td><td>201</td><td>1,995</td><td>795</td><td>1,448</td><td>26,144</td><td>13,138</td><td>956</td><td>1,082</td><td>121</td><td>42,441</td></tr><tr><td>July 26.</td><td>19,844</td><td>780</td><td>276</td><td>151</td><td>1,533</td><td>661</td><td>1,840</td><td>25,085</td><td>11,956</td><td>904</td><td>1,521</td><td>112</td><td>39,578</td></tr><tr><td>Aug. 2.</td><td>17,517</td><td>735</td><td>245</td><td>165</td><td>1,840</td><td>462</td><td>1,806</td><td>22,770</td><td>12,531</td><td>867</td><td>1,239</td><td>119</td><td>37,526</td></tr><tr><td>Deposits abroad for account of domestic clients:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>4,367</td><td>140</td><td>33</td><td>1,357</td><td>156</td><td>621</td><td>619</td><td>7,293</td><td>1,379</td><td>136</td><td>19,855</td><td>41</td><td>28,704</td></tr><tr><td>July 12.</td><td>4,231</td><td>87</td><td>34</td><td>1,322</td><td>116</td><td>617</td><td>626</td><td>7,033</td><td>1,390</td><td>107</td><td>19,794</td><td>36</td><td>28,360</td></tr><tr><td>July 19.</td><td>4,253</td><td>58</td><td>33</td><td>1,348</td><td>111</td><td>426</td><td>626</td><td>6,855</td><td>1,381</td><td>102</td><td>19,203</td><td>23</td><td>27,564</td></tr><tr><td>July 26.</td><td>4,163</td><td>97</td><td>34</td><td>1,405</td><td>101</td><td>616</td><td>629</td><td>7,045</td><td>1,375</td><td>103</td><td>19,798</td><td>23</td><td>28,344</td></tr><tr><td>Aug. 2.</td><td>4,345</td><td>97</td><td>37</td><td>1,370</td><td>169</td><td>617</td><td>839</td><td>7,474</td><td>827</td><td>123</td><td>19,757</td><td>22</td><td>28,203</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>10,190</td><td>146</td><td>30</td><td>128</td><td>733</td><td>127</td><td>1,462</td><td>12,816</td><td>1,562</td><td>3,924</td><td>2,805</td><td>927</td><td>22,034</td></tr><tr><td>July 12.</td><td>9,296</td><td>130</td><td>31</td><td>139</td><td>644</td><td>119</td><td>1,497</td><td>11,856</td><td>1,578</td><td>3,992</td><td>2,861</td><td>931</td><td>21,218</td></tr><tr><td>July 19.</td><td>9,746</td><td>145</td><td>29</td><td>131</td><td>685</td><td>116</td><td>1,490</td><td>12,342</td><td>1,514</td><td>4,674</td><td>3,002</td><td>911</td><td>22,443</td></tr><tr><td>July 26.</td><td>8,785</td><td>143</td><td>38</td><td>138</td><td>587</td><td>121</td><td>1,507</td><td>11,319</td><td>1,659</td><td>4,261</td><td>2,600</td><td>837</td><td>20,676</td></tr><tr><td>Aug. 2.</td><td>8,657</td><td>147</td><td>39</td><td>134</td><td>547</td><td>130</td><td>1,481</td><td>11,135</td><td>1,675</td><td>3,820</td><td>2,923</td><td>884</td><td>20,437</td></tr><tr><td>TOTAL ASSETS PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>27,063</td><td>6,528</td><td>75,575</td><td>7,356</td><td>18,759</td><td>2,131</td><td>35,692</td><td>173,104</td><td>35,532</td><td>104,999</td><td>83,298</td><td>11,226</td><td>408,159</td></tr><tr><td>July 12.</td><td>21,292</td><td>6,921</td><td>75,172</td><td>8,122</td><td>19,250</td><td>1,791</td><td>35,478</td><td>168,026</td><td>36,644</td><td>106,014</td><td>82,075</td><td>10,692</td><td>403,451</td></tr><tr><td>July 19.</td><td>23,670</td><td>6,396</td><td>74,527</td><td>7,639</td><td>19,882</td><td>2,282</td><td>34,724</td><td>169,120</td><td>37,528</td><td>106,742</td><td>81,894</td><td>10,824</td><td>406,108</td></tr><tr><td>July 26.</td><td>22,372</td><td>6,272</td><td>74,346</td><td>7,599</td><td>19,438</td><td>1,765</td><td>35,099</td><td>166,891</td><td>37,694</td><td>106,566</td><td>84,759</td><td>10,623</td><td>406,533</td></tr><tr><td>Aug. 2.</td><td>22,329</td><td>7,478</td><td>73,389</td><td>7,615</td><td>20,501</td><td>1,919</td><td>35,080</td><td>168,311</td><td>41,689</td><td>107,013</td><td>92,338</td><td>9,792</td><td>419,143</td></tr><tr><td>Loans to foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>16,949</td><td>1,756</td><td>6,179</td><td>1,013</td><td>14,503</td><td>293</td><td>6,872</td><td>47,565</td><td>4,965</td><td>9,880</td><td>54,012</td><td>308</td><td>116,730</td></tr><tr><td>July 12.</td><td>11,396</td><td>1,949</td><td>5,636</td><td>1,624</td><td>14,878</td><td>262</td><td>7,830</td><td>43,575</td><td>5,701</td><td>12,851</td><td>50,495</td><td>335</td><td>112,957</td></tr><tr><td>July 19.</td><td>14,099</td><td>1,585</td><td>5,896</td><td>870</td><td>15,485</td><td>272</td><td>6,723</td><td>44,930</td><td>5,903</td><td>13,002</td><td>51,122</td><td>364</td><td>115,321</td></tr><tr><td>July 26.</td><td>12,043</td><td>1,861</td><td>6,981</td><td>934</td><td>14,968</td><td>281</td><td>7,006</td><td>44,074</td><td>6,385</td><td>14,227</td><td>56,284</td><td>357</td><td>121,327</td></tr><tr><td>Aug. 2.</td><td>10,354</td><td>2,983</td><td>6,196</td><td>877</td><td>16,157</td><td>319</td><td>7,015</td><td>43,901</td><td>10,785</td><td>15,250</td><td>60,990</td><td>218</td><td>131,144</td></tr><tr><td>Acceptances made for foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>1,886</td><td>1,382</td><td>53,137</td><td>4,992</td><td>2,748</td><td>1,308</td><td>8,551</td><td>74,004</td><td>4,669</td><td>32,735</td><td>2,771</td><td>2,809</td><td>116,988</td></tr><tr><td>July 12.</td><td>1,707</td><td>1,632</td><td>53,427</td><td>5,259</td><td>2,821</td><td>1,032</td><td>8,525</td><td>74,403</td><td>5,226</td><td>32,626</td><td>2,859</td><td>2,642</td><td>117,756</td></tr><tr><td>July 19.</td><td>1,759</td><td>1,610</td><td>52,781</td><td>5,580</td><td>2,940</td><td>986</td><td>8,413</td><td>74,069</td><td>5,652</td><td>32,224</td><td>2,730</td><td>2,634</td><td>117,309</td></tr><tr><td>July 26.</td><td>1,724</td><td>1,499</td><td>51,419</td><td>5,577</td><td>3,127</td><td>1,054</td><td>8,140</td><td>72,540</td><td>5,611</td><td>32,262</td><td>2,607</td><td>2,393</td><td>115,413</td></tr><tr><td>Aug. 2.</td><td>2,874</td><td>1,490</td><td>51,396</td><td>5,774</td><td>3,010</td><td>1,106</td><td>8,026</td><td>73,676</td><td>5,603</td><td>31,848</td><td>3,248</td><td>2,118</td><td>116,493</td></tr><tr><td>Other assets payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>8,228</td><td>3,390</td><td>16,259</td><td>1,351</td><td>1,508</td><td>530</td><td>20,269</td><td>51,535</td><td>25,898</td><td>62,384</td><td>26,515</td><td>8,109</td><td>174,441</td></tr><tr><td>July 12.</td><td>8,189</td><td>3,340</td><td>16,109</td><td>1,239</td><td>1,551</td><td>497</td><td>19,123</td><td>50,048</td><td>25,717</td><td>60,537</td><td>28,721</td><td>7,715</td><td>172,738</td></tr><tr><td>July 19.</td><td>7,812</td><td>3,201</td><td>15,850</td><td>1,189</td><td>1,457</td><td>1,024</td><td>19,588</td><td>50,121</td><td>25,973</td><td>61,516</td><td>28,042</td><td>7,826</td><td>173,478</td></tr><tr><td>July 26.</td><td>8,605</td><td>2,912</td><td>15,946</td><td>1,088</td><td>1,343</td><td>430</td><td>19,953</td><td>50,277</td><td>25,698</td><td>60,077</td><td>25,868</td><td>7,873</td><td>169,793</td></tr><tr><td>Aug. 2.</td><td>9,101</td><td>3,005</td><td>15,797</td><td>964</td><td>1,334</td><td>494</td><td>20,039</td><td>50,734</td><td>25,301</td><td>59,915</td><td>28,100</td><td>7,456</td><td>171,506</td></tr></table>
35
Security Transactions as Reported by Banks, Bankers, Brokers
and Dealers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>2,902</td><td>971</td><td>32</td><td>122</td><td>1,210</td><td>1,841</td><td>1,371</td><td>8,449</td><td>30,482</td><td>781</td><td>422</td><td>225</td><td>40,359</td></tr><tr><td>July 12.</td><td>2,487</td><td>803</td><td>5</td><td>163</td><td>914</td><td>1,949</td><td>374</td><td>6,695</td><td>3,667</td><td>800</td><td>661</td><td>99</td><td>11,922</td></tr><tr><td>July 19.</td><td>4,785</td><td>1,347</td><td>38</td><td>109</td><td>1,189</td><td>2,300</td><td>952</td><td>10,720</td><td>5,422</td><td>1,142</td><td>801</td><td>414</td><td>18,499</td></tr><tr><td>July 26.</td><td>5,276</td><td>2,114</td><td>27</td><td>179</td><td>1,870</td><td>5,511</td><td>866</td><td>15,843</td><td>6,292</td><td>1,297</td><td>1,191</td><td>217</td><td>24,840</td></tr><tr><td>Aug. 2.</td><td>4,604</td><td>3,017</td><td>85</td><td>43</td><td>2,318</td><td>2,583</td><td>1,836</td><td>14,486</td><td>5,439</td><td>1,001</td><td>678</td><td>177</td><td>21,781</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>2,658</td><td>889</td><td>5</td><td>44</td><td>996</td><td>1,521</td><td>918</td><td>7,032</td><td>4,584</td><td>257</td><td>292</td><td>177</td><td>12,341</td></tr><tr><td>July 12.</td><td>2,195</td><td>653</td><td>1</td><td>7</td><td>749</td><td>1,533</td><td>226</td><td>5,364</td><td>1,208</td><td>395</td><td>311</td><td>67</td><td>7,345</td></tr><tr><td>July 19.</td><td>4,258</td><td>1,291</td><td>26</td><td>3</td><td>1,075</td><td>1,531</td><td>721</td><td>8,905</td><td>4,052</td><td>621</td><td>612</td><td>357</td><td>14,547</td></tr><tr><td>July 26.</td><td>4,975</td><td>2,017</td><td>21</td><td>5</td><td>1,724</td><td>4,984</td><td>716</td><td>14,442</td><td>5,386</td><td>896</td><td>809</td><td>159</td><td>21,692</td></tr><tr><td>Aug. 2.</td><td>4,255</td><td>2,868</td><td>9</td><td>12</td><td>1,996</td><td>2,132</td><td>1,005</td><td>12,277</td><td>4,521</td><td>544</td><td>459</td><td>113</td><td>17,914</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>244</td><td>82</td><td>27</td><td>78</td><td>214</td><td>320</td><td>453</td><td>1,418</td><td>25,898</td><td>524</td><td>130</td><td>48</td><td>28,018</td></tr><tr><td>July 12.</td><td>292</td><td>150</td><td>4</td><td>156</td><td>165</td><td>416</td><td>148</td><td>1,331</td><td>2,459</td><td>405</td><td>350</td><td>32</td><td>4,577</td></tr><tr><td>July 19.</td><td>527</td><td>56</td><td>12</td><td>106</td><td>114</td><td>769</td><td>231</td><td>1,815</td><td>1,370</td><td>521</td><td>189</td><td>57</td><td>3,922</td></tr><tr><td>July 26.</td><td>301</td><td>97</td><td>6</td><td>174</td><td>146</td><td>527</td><td>150</td><td>1,401</td><td>906</td><td>401</td><td>382</td><td>58</td><td>3,148</td></tr><tr><td>Aug. 2.</td><td>349</td><td>149</td><td>76</td><td>31</td><td>322</td><td>451</td><td>831</td><td>2,209</td><td>918</td><td>457</td><td>219</td><td>64</td><td>3,867</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>3,253</td><td>1,096</td><td>361</td><td>14</td><td>858</td><td>1,773</td><td>782</td><td>8,137</td><td>14,947</td><td>652</td><td>2,503</td><td>352</td><td>26,591</td></tr><tr><td>July 12.</td><td>3,516</td><td>612</td><td>399</td><td>11</td><td>915</td><td>4,464</td><td>862</td><td>10,779</td><td>6,539</td><td>349</td><td>550</td><td>54</td><td>18,271</td></tr><tr><td>July 19.</td><td>6,544</td><td>2,457</td><td>199</td><td>1</td><td>2,147</td><td>3,178</td><td>2,115</td><td>16,651</td><td>4,463</td><td>988</td><td>1,859</td><td>557</td><td>24,518</td></tr><tr><td>July 26.</td><td>8,062</td><td>2,763</td><td>276</td><td>19</td><td>3,106</td><td>4,423</td><td>1,283</td><td>19,932</td><td>4,530</td><td>1,190</td><td>2,124</td><td>315</td><td>28,091</td></tr><tr><td>Aug. 2.</td><td>5,949</td><td>2,073</td><td>218</td><td>149</td><td>1,572</td><td>3,333</td><td>1,096</td><td>14,390</td><td>2,605</td><td>839</td><td>1,210</td><td>241</td><td>19,285</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>2,671</td><td>1,020</td><td>303</td><td>10</td><td>796</td><td>1,528</td><td>693</td><td>7,021</td><td>2,061</td><td>494</td><td>2,494</td><td>307</td><td>12,377</td></tr><tr><td>July 12.</td><td>2,511</td><td>536</td><td>368</td><td>7</td><td>837</td><td>3,973</td><td>664</td><td>8,896</td><td>2,456</td><td>193</td><td>550</td><td>45</td><td>12,140</td></tr><tr><td>July 19.</td><td>5,808</td><td>2,375</td><td>184</td><td>1</td><td>2,023</td><td>2,918</td><td>1,062</td><td>14,371</td><td>3,848</td><td>788</td><td>1,856</td><td>331</td><td>21,194</td></tr><tr><td>July 26.</td><td>7,165</td><td>2,686</td><td>242</td><td>3</td><td>2,831</td><td>3,992</td><td>1,090</td><td>18,009</td><td>4,213</td><td>1,063</td><td>2,103</td><td>306</td><td>25,694</td></tr><tr><td>Aug. 2.</td><td>5,329</td><td>1,974</td><td>204</td><td>141</td><td>1,486</td><td>2,913</td><td>997</td><td>13,044</td><td>2,194</td><td>703</td><td>1,165</td><td>218</td><td>17,324</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>582</td><td>76</td><td>58</td><td>4</td><td>62</td><td>245</td><td>89</td><td>1,116</td><td>12,886</td><td>158</td><td>9</td><td>45</td><td>14,214</td></tr><tr><td>July 12.</td><td>1,005</td><td>76</td><td>31</td><td>4</td><td>78</td><td>491</td><td>198</td><td>1,883</td><td>4,083</td><td>156</td><td>-</td><td>9</td><td>6,131</td></tr><tr><td>July 19.</td><td>736</td><td>92</td><td>15</td><td>-</td><td>124</td><td>260</td><td>1,053</td><td>2,230</td><td>615</td><td>200</td><td>3</td><td>226</td><td>3,324</td></tr><tr><td>July 26.</td><td>897</td><td>77</td><td>34</td><td>16</td><td>275</td><td>431</td><td>193</td><td>1,923</td><td>317</td><td>127</td><td>21</td><td>9</td><td>2,397</td></tr><tr><td>Aug. 2.</td><td>620</td><td>99</td><td>14</td><td>8</td><td>86</td><td>420</td><td>99</td><td>1,346</td><td>411</td><td>136</td><td>45</td><td>23</td><td>1,961</td></tr><tr><td>TOTAL PURCHASES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>234</td><td>7</td><td>-</td><td>-</td><td>22</td><td>29</td><td>-</td><td>292</td><td>943</td><td>-</td><td>15</td><td>-</td><td>1,250</td></tr><tr><td>July 12.</td><td>250</td><td>5</td><td>-</td><td>-</td><td>19</td><td>3</td><td>-</td><td>277</td><td>779</td><td>-</td><td>27</td><td>262</td><td>1,345</td></tr><tr><td>July 19.</td><td>329</td><td>4</td><td>-</td><td>-</td><td>10</td><td>9</td><td>5</td><td>357</td><td>801</td><td>-</td><td>20</td><td>108</td><td>1,286</td></tr><tr><td>July 26.</td><td>155</td><td>4</td><td>-</td><td>-</td><td>1</td><td>4</td><td>-</td><td>164</td><td>1,526</td><td>-</td><td>32</td><td>5</td><td>1,727</td></tr><tr><td>Aug. 2.</td><td>211</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>228</td><td>957</td><td>-</td><td>38</td><td>11</td><td>1,234</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>100</td><td>-</td><td>-</td><td>-</td><td>140</td></tr><tr><td>July 12.</td><td>58</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>77</td><td>22</td><td>-</td><td>-</td><td>-</td><td>99</td></tr><tr><td>July 19.</td><td>162</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>172</td><td>40</td><td>-</td><td>-</td><td>-</td><td>212</td></tr><tr><td>July 26.</td><td>59</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>60</td><td>-</td><td>-</td><td>-</td><td>-</td><td>60</td></tr><tr><td>Aug. 2.</td><td>51</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>51</td><td>7</td><td>-</td><td>-</td><td>-</td><td>58</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>194</td><td>7</td><td>-</td><td>-</td><td>22</td><td>29</td><td>-</td><td>252</td><td>843</td><td>-</td><td>15</td><td>-</td><td>1,110</td></tr><tr><td>July 12.</td><td>192</td><td>5</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>200</td><td>757</td><td>-</td><td>27</td><td>262</td><td>1,246</td></tr><tr><td>July 19.</td><td>167</td><td>4</td><td>-</td><td>-</td><td>-</td><td>9</td><td>5</td><td>185</td><td>761</td><td>-</td><td>20</td><td>108</td><td>1,074</td></tr><tr><td>July 26.</td><td>96</td><td>4</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>104</td><td>1,526</td><td>-</td><td>32</td><td>5</td><td>1,667</td></tr><tr><td>Aug. 2.</td><td>160</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>177</td><td>950</td><td>-</td><td>38</td><td>11</td><td>1,176</td></tr><tr><td>TOTAL SALES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>266</td><td>2</td><td>115</td><td>-</td><td>4</td><td>35</td><td>10</td><td>432</td><td>587</td><td>-</td><td>-</td><td>-</td><td>1,019</td></tr><tr><td>July 12.</td><td>440</td><td>4</td><td>49</td><td>-</td><td>-</td><td>1</td><td>1</td><td>495</td><td>762</td><td>-</td><td>-</td><td>14</td><td>1,271</td></tr><tr><td>July 19.</td><td>275</td><td>2</td><td>38</td><td>-</td><td>24</td><td>1</td><td>53</td><td>393</td><td>496</td><td>-</td><td>-</td><td>2</td><td>891</td></tr><tr><td>July 26.</td><td>640</td><td>5</td><td>17</td><td>-</td><td>11</td><td>9</td><td>21</td><td>703</td><td>743</td><td>18</td><td>-</td><td>-</td><td>1,464</td></tr><tr><td>Aug. 2.</td><td>739</td><td>8</td><td>43</td><td>-</td><td>8</td><td>9</td><td>13</td><td>820</td><td>487</td><td>-</td><td>-</td><td>-</td><td>1,307</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>63</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>63</td><td>-</td><td>-</td><td>-</td><td>-</td><td>63</td></tr><tr><td>July 12.</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>13</td><td>-</td><td>-</td><td>-</td><td>37</td></tr><tr><td>July 19.</td><td>62</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>53</td><td>137</td><td>43</td><td>-</td><td>-</td><td>-</td><td>180</td></tr><tr><td>July 26.</td><td>107</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>129</td><td>77</td><td>-</td><td>-</td><td>-</td><td>206</td></tr><tr><td>Aug. 2.</td><td>159</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>166</td><td>-</td><td>-</td><td>-</td><td>-</td><td>166</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.</td><td>203</td><td>2</td><td>115</td><td>-</td><td>4</td><td>35</td><td>10</td><td>369</td><td>537</td><td>-</td><td>-</td><td>-</td><td>956</td></tr><tr><td>July 12.</td><td>416</td><td>4</td><td>49</td><td>-</td><td>-</td><td>1</td><td>1</td><td>471</td><td>749</td><td>-</td><td>-</td><td>14</td><td>1,234</td></tr><tr><td>July 19.</td><td>213</td><td>2</td><td>38</td><td>-</td><td>2</td><td>1</td><td>-</td><td>256</td><td>453</td><td>-</td><td>-</td><td>2</td><td>711</td></tr><tr><td>July 26.</td><td>533</td><td>4</td><td>17</td><td>-</td><td>11</td><td>9</td><td>-</td><td>574</td><td>650</td><td>18</td><td>-</td><td>-</td><td>1,258</td></tr><tr><td>Aug. 2.</td><td>580</td><td>8</td><td>43</td><td>-</td><td>8</td><td>9</td><td>6</td><td>654</td><td>487</td><td>-</td><td>-</td><td>-</td><td>1,141</td></tr></table>
36
Security Transactions in Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Transactione during week ended-</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether- lands</th><th>Switzer- land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL PURCHASES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>960</td><td>6</td><td>-</td><td>-</td><td>20</td><td>45</td><td>4</td><td>1,035</td><td>1,353</td><td>6</td><td>-</td><td>-</td><td>2,394</td></tr><tr><td>July 12.........</td><td>544</td><td>2</td><td>-</td><td>-</td><td>42</td><td>9</td><td>-</td><td>597</td><td>1,319</td><td>2</td><td>-</td><td>-</td><td>1,918</td></tr><tr><td>July 19.........</td><td>559</td><td>1</td><td>-</td><td>-</td><td>65</td><td>55</td><td>-</td><td>680</td><td>2,362</td><td>-</td><td>-</td><td>-</td><td>3,042</td></tr><tr><td>July 26.........</td><td>2,250</td><td>7</td><td>-</td><td>-</td><td>105</td><td>11</td><td>-</td><td>2,373</td><td>1,697</td><td>2</td><td>-</td><td>-</td><td>4,072</td></tr><tr><td>Aug. 2.........</td><td>2,655</td><td>16</td><td>-</td><td>-</td><td>24</td><td>107</td><td>-</td><td>2,802</td><td>821</td><td>1</td><td>-</td><td>-</td><td>3,624</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>701</td><td>1</td><td>-</td><td>-</td><td>20</td><td>40</td><td>-</td><td>762</td><td>19</td><td>2</td><td>-</td><td>-</td><td>783</td></tr><tr><td>July 12.........</td><td>393</td><td>-</td><td>-</td><td>-</td><td>40</td><td>9</td><td>-</td><td>442</td><td>6</td><td>2</td><td>-</td><td>-</td><td>450</td></tr><tr><td>July 19.........</td><td>399</td><td>-</td><td>-</td><td>-</td><td>55</td><td>55</td><td>-</td><td>509</td><td>37</td><td>-</td><td>-</td><td>-</td><td>546</td></tr><tr><td>July 26.........</td><td>1,749</td><td>-</td><td>-</td><td>-</td><td>100</td><td>11</td><td>-</td><td>1,860</td><td>33</td><td>2</td><td>-</td><td>-</td><td>1,895</td></tr><tr><td>Aug. 2.........</td><td>2,302</td><td>-</td><td>-</td><td>-</td><td>24</td><td>107</td><td>-</td><td>2,433</td><td>28</td><td>1</td><td>-</td><td>-</td><td>2,462</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>259</td><td>5</td><td>-</td><td>-</td><td>-</td><td>5</td><td>4</td><td>273</td><td>1,334</td><td>4</td><td>-</td><td>-</td><td>1,611</td></tr><tr><td>July 12.........</td><td>151</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>155</td><td>1,313</td><td>-</td><td>-</td><td>-</td><td>1,468</td></tr><tr><td>July 19.........</td><td>160</td><td>1</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>171</td><td>2,325</td><td>-</td><td>-</td><td>-</td><td>2,496</td></tr><tr><td>July 26.........</td><td>501</td><td>7</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>513</td><td>1,664</td><td>-</td><td>-</td><td>-</td><td>2,177</td></tr><tr><td>Aug. 2.........</td><td>353</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>359</td><td>793</td><td>-</td><td>-</td><td>-</td><td>1,162</td></tr><tr><td>TOTAL SALES</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>824</td><td>-</td><td>-</td><td>-</td><td>22</td><td>4</td><td>-</td><td>850</td><td>1,058</td><td>-</td><td>-</td><td>-</td><td>1,908</td></tr><tr><td>July 12.........</td><td>901</td><td>-</td><td>-</td><td>-</td><td>13</td><td>61</td><td>-</td><td>975</td><td>808</td><td>2</td><td>-</td><td>-</td><td>1,785</td></tr><tr><td>July 19.........</td><td>3,652</td><td>-</td><td>-</td><td>-</td><td>33</td><td>60</td><td>-</td><td>3,745</td><td>2,338</td><td>-</td><td>-</td><td>-</td><td>6,083</td></tr><tr><td>July 26.........</td><td>3,196</td><td>2</td><td>-</td><td>-</td><td>211</td><td>188</td><td>1</td><td>3,598</td><td>1,096</td><td>-</td><td>-</td><td>-</td><td>4,694</td></tr><tr><td>Aug. 2.........</td><td>1,013</td><td>-</td><td>-</td><td>-</td><td>71</td><td>33</td><td>-</td><td>1,117</td><td>622</td><td>-</td><td>-</td><td>-</td><td>1,739</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>580</td><td>-</td><td>-</td><td>-</td><td>22</td><td>4</td><td>-</td><td>606</td><td>5</td><td>-</td><td>-</td><td>-</td><td>611</td></tr><tr><td>July 12.........</td><td>449</td><td>-</td><td>-</td><td>-</td><td>9</td><td>51</td><td>-</td><td>509</td><td>1</td><td>-</td><td>-</td><td>-</td><td>510</td></tr><tr><td>July 19.........</td><td>3,111</td><td>-</td><td>-</td><td>-</td><td>28</td><td>60</td><td>-</td><td>3,219</td><td>28</td><td>-</td><td>-</td><td>-</td><td>3,247</td></tr><tr><td>July 26.........</td><td>2,686</td><td>-</td><td>-</td><td>-</td><td>201</td><td>183</td><td>-</td><td>3,070</td><td>42</td><td>-</td><td>-</td><td>-</td><td>3,112</td></tr><tr><td>Aug. 2.........</td><td>818</td><td>-</td><td>-</td><td>-</td><td>66</td><td>33</td><td>-</td><td>917</td><td>9</td><td>-</td><td>-</td><td>-</td><td>926</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>244</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>244</td><td>1,053</td><td>-</td><td>-</td><td>-</td><td>1,297</td></tr><tr><td>July 12.........</td><td>452</td><td>-</td><td>-</td><td>-</td><td>4</td><td>10</td><td>-</td><td>466</td><td>807</td><td>2</td><td>-</td><td>-</td><td>1,275</td></tr><tr><td>July 19.........</td><td>521</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>526</td><td>2,310</td><td>-</td><td>-</td><td>-</td><td>2,836</td></tr><tr><td>July 26.........</td><td>510</td><td>2</td><td>-</td><td>-</td><td>10</td><td>5</td><td>1</td><td>528</td><td>1,054</td><td>-</td><td>-</td><td>-</td><td>1,582</td></tr><tr><td>Aug. 2.........</td><td>195</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>200</td><td>613</td><td>-</td><td>-</td><td>-</td><td>813</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers
and Dealers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Balances as of following dates</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>Foreign debit balances: (due from abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>5,271</td><td>3,997</td><td>124</td><td>145</td><td>2,200</td><td>1,936</td><td>3,575</td><td>17,248</td><td>15,739</td><td>4,018</td><td>6,246</td><td>338</td><td>43,589</td></tr><tr><td>July 12.........</td><td>5,354</td><td>4,159</td><td>139</td><td>143</td><td>2,092</td><td>1,788</td><td>3,469</td><td>17,154</td><td>15,722</td><td>3,877</td><td>6,237</td><td>335</td><td>43,325</td></tr><tr><td>July 19.........</td><td>5,152</td><td>3,808</td><td>132</td><td>130</td><td>2,035</td><td>1,717</td><td>3,346</td><td>16,320</td><td>15,913</td><td>3,991</td><td>5,988</td><td>393</td><td>42,605</td></tr><tr><td>July 26.........</td><td>5,116</td><td>4,212</td><td>132</td><td>88</td><td>1,971</td><td>1,518</td><td>3,442</td><td>16,479</td><td>16,201</td><td>4,019</td><td>6,119</td><td>306</td><td>43,124</td></tr><tr><td>Aug. 2.........</td><td>5,012</td><td>3,933</td><td>145</td><td>83</td><td>1,789</td><td>1,440</td><td>3,337</td><td>15,739</td><td>16,253</td><td>3,999</td><td>6,053</td><td>396</td><td>42,440</td></tr><tr><td>Foreign credit balances: (due to abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5.........</td><td>7,695</td><td>7,200</td><td>179</td><td>99</td><td>5,622</td><td>8,532</td><td>2,658</td><td>31,985</td><td>5,846</td><td>2,999</td><td>1,207</td><td>452</td><td>42,489</td></tr><tr><td>July 12.........</td><td>7,598</td><td>6,966</td><td>173</td><td>97</td><td>6,999</td><td>8,358</td><td>2,907</td><td>33,108</td><td>6,921</td><td>2,920</td><td>1,204</td><td>359</td><td>44,512</td></tr><tr><td>July 19.........</td><td>8,515</td><td>7,717</td><td>162</td><td>95</td><td>7,364</td><td>9,061</td><td>3,055</td><td>35,976</td><td>6,643</td><td>3,040</td><td>1,181</td><td>512</td><td>47,352</td></tr><tr><td>July 26.........</td><td>9,114</td><td>7,668</td><td>195</td><td>85</td><td>7,867</td><td>9,003</td><td>3,292</td><td>37,225</td><td>5,930</td><td>3,125</td><td>1,575</td><td>417</td><td>48,273</td></tr><tr><td>Aug. 2.........</td><td>8,930</td><td>7,623</td><td>179</td><td>78</td><td>7,454</td><td>9,590</td><td>2,879</td><td>36,733</td><td>5,932</td><td>2,762</td><td>1,467</td><td>478</td><td>47,372</td></tr></table>
37
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th></tr><tr><td>1936-Jan. 8....</td><td>49,555</td><td>30,020</td><td>19,535</td><td>1937-Apr. 7....</td><td>58,751</td><td>50,982</td><td>7,769</td><td>1938-July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td></tr><tr><td>15....</td><td>49,591</td><td>49,064</td><td>527</td><td>14....</td><td>58,729</td><td>58,162</td><td>567</td><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td></tr><tr><td>22....</td><td>48,976</td><td>43,722</td><td>5,254</td><td>21....</td><td>39,674</td><td>48,278</td><td>-8,604</td><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td></tr><tr><td>29....</td><td>49,821</td><td>44,675</td><td>5,146</td><td>28....</td><td>43,143</td><td>54,898</td><td>-11,755</td><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td></tr><tr><td>Feb. 5....</td><td>52,463</td><td>43,821</td><td>8,642</td><td>May 5....</td><td>44,852</td><td>67,685</td><td>-22,833</td><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td></tr><tr><td>11....</td><td>52,605</td><td>45,394</td><td>7,211</td><td>12....</td><td>34,423</td><td>25,111</td><td>9,312</td><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td></tr><tr><td>19....</td><td>77,355</td><td>55,391</td><td>21,964</td><td>19....</td><td>26,800</td><td>32,184</td><td>-5,384</td><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td></tr><tr><td>26....</td><td>67,493</td><td>51,904</td><td>15,589</td><td>26....</td><td>34,169</td><td>25,316</td><td>8,853</td><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td></tr><tr><td>Mar. 4....</td><td>46,636</td><td>44,875</td><td>1,761</td><td>June 2....</td><td>18,912</td><td>14,271</td><td>4,641</td><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td></tr><tr><td>11....</td><td>55,716</td><td>51,901</td><td>3,815</td><td>9....</td><td>31,995</td><td>25,171</td><td>5,824</td><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td></tr><tr><td>18....</td><td>51,541</td><td>47,661</td><td>3,880</td><td>16....</td><td>32,783</td><td>26,962</td><td>5,821</td><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td></tr><tr><td>25....</td><td>47,947</td><td>33,473</td><td>14,474</td><td>23....</td><td>21,651</td><td>28,638</td><td>-6,987</td><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td></tr><tr><td>Apr. 1....</td><td>36,986</td><td>33,823</td><td>3,163</td><td>July 7....</td><td>16,717</td><td>20,597</td><td>-3,880</td><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td></tr><tr><td>8....</td><td>52,835</td><td>34,793</td><td>18,042</td><td>14....</td><td>41,309</td><td>33,482</td><td>7,827</td><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td></tr><tr><td>15....</td><td>33,368</td><td>22,781</td><td>10,587</td><td>21....</td><td>34,326</td><td>31,427</td><td>2,899</td><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td></tr><tr><td>22....</td><td>42,935</td><td>31,165</td><td>11,770</td><td>28....</td><td>48,503</td><td>33,337</td><td>15,166</td><td>26....</td><td>45,644</td><td>33,412</td><td>12,232</td></tr><tr><td>29....</td><td>49,814</td><td>40,844</td><td>8,970</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 6....</td><td>36,373</td><td>51,357</td><td>-14,984</td><td>Aug. 4....</td><td>32,886</td><td>25,129</td><td>7,757</td><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td></tr><tr><td>13....</td><td>29,848</td><td>22,903</td><td>6,945</td><td>11....</td><td>41,681</td><td>33,544</td><td>8,137</td><td>9....</td><td>25,338</td><td>23,665</td><td>1,673</td></tr><tr><td>20....</td><td>30,104</td><td>24,947</td><td>5,157</td><td>18....</td><td>28,433</td><td>27,762</td><td>671</td><td>16....</td><td>42,393</td><td>37,886</td><td>4,507</td></tr><tr><td>27....</td><td>23,085</td><td>22,098</td><td>987</td><td>25....</td><td>31,062</td><td>25,222</td><td>5,840</td><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td></tr><tr><td>June 3....</td><td>25,015</td><td>26,629</td><td>-1,614</td><td>Sept. 1....</td><td>26,590</td><td>25,761</td><td>829</td><td>30....</td><td>19,846</td><td>23,886</td><td>-4,040</td></tr><tr><td>10....</td><td>51,407</td><td>29,641</td><td>21,766</td><td>8....</td><td>26,093</td><td>23,110</td><td>2,983</td><td>Dec. 7....</td><td>26,323</td><td>19,764</td><td>6,559</td></tr><tr><td>17....</td><td>37,033</td><td>29,333</td><td>7,700</td><td>15....</td><td>57,789</td><td>45,416</td><td>12,373</td><td>14....</td><td>19,917</td><td>28,398</td><td>-8,481</td></tr><tr><td>24....</td><td>36,988</td><td>24,138</td><td>12,850</td><td>22....</td><td>37,904</td><td>42,671</td><td>-4,767</td><td>21....</td><td>36,607</td><td>26,963</td><td>9,644</td></tr><tr><td>July 1....</td><td>41,305</td><td>32,955</td><td>8,350</td><td>29....</td><td>38,753</td><td>39,000</td><td>-247</td><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td></tr><tr><td>8....</td><td>29,439</td><td>24,881</td><td>4,558</td><td>Oct. 6....</td><td>22,337</td><td>24,753</td><td>-2,416</td><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td></tr><tr><td>15....</td><td>39,413</td><td>32,202</td><td>7,211</td><td>13....</td><td>24,008</td><td>36,652</td><td>-12,644</td><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td></tr><tr><td>22....</td><td>50,306</td><td>36,865</td><td>13,441</td><td>20....</td><td>37,540</td><td>41,240</td><td>-3,700</td><td>18....</td><td>21,367</td><td>29,874</td><td>-8,507</td></tr><tr><td>29....</td><td>51,101</td><td>37,643</td><td>13,458</td><td>27....</td><td>54,514</td><td>44,618</td><td>9,896</td><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td></tr><tr><td>Aug. 5....</td><td>44,399</td><td>40,386</td><td>4,013</td><td>Nov. 3....</td><td>32,346</td><td>24,798</td><td>7,548</td><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td></tr><tr><td>12....</td><td>43,348</td><td>39,039</td><td>4,309</td><td>10....</td><td>26,527</td><td>30,716</td><td>-4,189</td><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td></tr><tr><td>19....</td><td>42,280</td><td>30,789</td><td>11,491</td><td>17....</td><td>29,423</td><td>24,081</td><td>5,342</td><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td></tr><tr><td>26....</td><td>33,308</td><td>24,666</td><td>8,642</td><td>24....</td><td>26,339</td><td>29,814</td><td>-3,475</td><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td></tr><tr><td>Sept. 2....</td><td>34,058</td><td>29,016</td><td>5,042</td><td>Dec. 1....</td><td>26,062</td><td>19,104</td><td>6,958</td><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td></tr><tr><td>9....</td><td>31,350</td><td>27,039</td><td>4,311</td><td>8....</td><td>25,512</td><td>19,482</td><td>6,030</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td></tr><tr><td>16....</td><td>54,768</td><td>40,859</td><td>13,909</td><td>15....</td><td>35,481</td><td>26,796</td><td>8,685</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td></tr><tr><td>23....</td><td>45,382</td><td>28,288</td><td>17,094</td><td>22....</td><td>24,631</td><td>16,525</td><td>8,106</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td></tr><tr><td>30....</td><td>50,193</td><td>48,549</td><td>1,644</td><td>29....</td><td>20,602</td><td>9,888</td><td>10,714</td><td>29....</td><td>29,386</td><td>23,209</td><td>6,177</td></tr><tr><td>Oct. 7....</td><td>76,926</td><td>44,416</td><td>32,510</td><td>1938-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td></tr><tr><td>14....</td><td>83,485</td><td>42,865</td><td>40,620</td><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td></tr><tr><td>21....</td><td>98,943</td><td>52,783</td><td>46,160</td><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>19....</td><td>21,239</td><td>20,671</td><td>562</td></tr><tr><td>28....</td><td>74,886</td><td>49,312</td><td>25,574</td><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>26....</td><td>19,851</td><td>11,245</td><td>8,606</td></tr><tr><td>Nov. 4....</td><td>68,723</td><td>36,453</td><td>32,270</td><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td></tr><tr><td>11....</td><td>113,852</td><td>66,103</td><td>47,749</td><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td></tr><tr><td>18....</td><td>97,227</td><td>87,676</td><td>9,551</td><td>16....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td></tr><tr><td>25....</td><td>81,621</td><td>70,460</td><td>11,161</td><td>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td></tr><tr><td>Dec. 2....</td><td>57,253</td><td>45,903</td><td>11,350</td><td>Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td></tr><tr><td>9....</td><td>44,111</td><td>53,314</td><td>-9,203</td><td>2....</td><td>12,462</td><td>11,806</td><td>656</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td></tr><tr><td>16....</td><td>63,036</td><td>48,464</td><td>14,572</td><td>16....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td></tr><tr><td>23....</td><td>60,936</td><td>44,769</td><td>16,167</td><td>23....</td><td>18,619</td><td>17,729</td><td>860</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td></tr><tr><td>30....</td><td>37,272</td><td>31,650</td><td>5,622</td><td>30....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>28....</td><td>10,035</td><td>16,353</td><td>-6,318</td></tr><tr><td>1937-Jan. 6....</td><td>38,171</td><td>37,056</td><td>1,115</td><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>July 5....</td><td>13,187</td><td>13,128</td><td>59</td></tr><tr><td>13....</td><td>65,591</td><td>56,170</td><td>9,421</td><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>12....</td><td>7,832</td><td>12,749</td><td>-4,917</td></tr><tr><td>20....</td><td>81,012</td><td>60,013</td><td>20,999</td><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>19....</td><td>15,273</td><td>24,653</td><td>-9,380</td></tr><tr><td>27....</td><td>68,904</td><td>59,867</td><td>9,037</td><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>26....</td><td>23,793</td><td>28,866</td><td>-5,073</td></tr><tr><td>Feb. 3....</td><td>65,470</td><td>55,056</td><td>10,414</td><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td></tr><tr><td>10....</td><td>98,866</td><td>66,819</td><td>32,047</td><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td></td><td></td><td></td><td></td></tr><tr><td>17....</td><td>77,632</td><td>73,754</td><td>3,878</td><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td></td><td></td><td></td><td></td></tr><tr><td>24....</td><td>74,863</td><td>64,632</td><td>10,231</td><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 3....</td><td>74,784</td><td>63,616</td><td>11,168</td><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td></td><td></td><td></td><td></td></tr><tr><td>10....</td><td>113,812</td><td>85,119</td><td>28,693</td><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td></td><td></td><td></td><td></td></tr><tr><td>17....</td><td>84,365</td><td>74,045</td><td>10,320</td><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td></td><td></td><td></td><td></td></tr><tr><td>24....</td><td>66,507</td><td>69,074</td><td>-2,567</td><td>22....</td><td>11,325</td><td>9,257</td><td>2,118</td><td></td><td></td><td></td><td></td></tr><tr><td>31....</td><td>43,680</td><td>30,086</td><td>13,594</td><td>29....</td><td>38,260</td><td>37,641</td><td>419</td><td></td><td></td><td></td><td></td></tr></table>
Note: Includes transactions executed in the United States for foreign account, executed abroad for domestic account, and transactions in joint foreign arbitrage accounts as reported by banks, bankers, brokers and dealers in the United States.
FOREIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
Weekly
C100
39
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for July 1939
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL PURCHASES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>64,603</td><td>1,805</td><td>235</td><td>568</td><td>2,629</td><td>907</td><td>1,228</td><td>71,975</td><td>28,341</td><td>308</td><td>2,010</td><td>230</td><td>102,864</td></tr><tr><td>July 5 Forward</td><td>29,381</td><td>1,028</td><td>1</td><td>128</td><td>1,041</td><td>48</td><td>840</td><td>32,467</td><td>11,051</td><td>2</td><td>1,298</td><td>-</td><td>44,818</td></tr><tr><td>July 12 Spot</td><td>61,847</td><td>2,370</td><td>467</td><td>668</td><td>2,494</td><td>2,105</td><td>3,152</td><td>73,103</td><td>23,186</td><td>645</td><td>1,231</td><td>480</td><td>98,645</td></tr><tr><td>July 12 Forward</td><td>26,992</td><td>402</td><td>37</td><td>181</td><td>1,537</td><td>159</td><td>700</td><td>30,008</td><td>10,413</td><td>17</td><td>1,924</td><td>-</td><td>42,362</td></tr><tr><td>July 19 Spot</td><td>55,297</td><td>2,034</td><td>377</td><td>824</td><td>2,897</td><td>2,402</td><td>1,461</td><td>65,292</td><td>24,408</td><td>657</td><td>1,488</td><td>328</td><td>92,173</td></tr><tr><td>July 19 Forward</td><td>30,926</td><td>318</td><td>-</td><td>6</td><td>1,190</td><td>44</td><td>382</td><td>32,866</td><td>9,392</td><td>11</td><td>1,177</td><td>2</td><td>43,448</td></tr><tr><td>July 26 Spot</td><td>43,551</td><td>1,974</td><td>433</td><td>754</td><td>1,417</td><td>1,453</td><td>2,367</td><td>51,949</td><td>24,505</td><td>183</td><td>1,774</td><td>246</td><td>78,657</td></tr><tr><td>July 26 Forward</td><td>32,921</td><td>339</td><td>7</td><td>9</td><td>953</td><td>39</td><td>470</td><td>34,738</td><td>8,017</td><td>44</td><td>1,141</td><td>51</td><td>43,991</td></tr><tr><td>Aug. 2 Spot</td><td>46,236</td><td>1,535</td><td>348</td><td>728</td><td>2,358</td><td>1,270</td><td>1,913</td><td>54,388</td><td>33,335</td><td>203</td><td>3,078</td><td>407</td><td>91,411</td></tr><tr><td>Aug. 2 Forward</td><td>25,093</td><td>294</td><td>-</td><td>20</td><td>853</td><td>10</td><td>478</td><td>26,748</td><td>13,420</td><td>19</td><td>2,356</td><td>18</td><td>42,561</td></tr><tr><td>Purchases from banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>50,097</td><td>1,660</td><td>189</td><td>444</td><td>2,007</td><td>824</td><td>1,030</td><td>56,251</td><td>20,240</td><td>205</td><td>1,312</td><td>19</td><td>78,027</td></tr><tr><td>July 5 Forward</td><td>15,840</td><td>858</td><td>1</td><td>126</td><td>423</td><td>-</td><td>310</td><td>17,558</td><td>5,581</td><td>-</td><td>766</td><td>-</td><td>23,905</td></tr><tr><td>July 12 Spot</td><td>49,214</td><td>1,845</td><td>449</td><td>480</td><td>2,258</td><td>2,075</td><td>3,020</td><td>59,341</td><td>15,404</td><td>561</td><td>647</td><td>85</td><td>76,038</td></tr><tr><td>July 12 Forward</td><td>17,994</td><td>331</td><td>37</td><td>166</td><td>782</td><td>135</td><td>599</td><td>20,044</td><td>6,050</td><td>17</td><td>1,357</td><td>-</td><td>27,468</td></tr><tr><td>July 19 Spot</td><td>44,707</td><td>1,319</td><td>358</td><td>713</td><td>2,362</td><td>2,378</td><td>1,348</td><td>53,185</td><td>17,426</td><td>442</td><td>838</td><td>56</td><td>71,947</td></tr><tr><td>July 19 Forward</td><td>22,455</td><td>220</td><td>-</td><td>3</td><td>672</td><td>22</td><td>306</td><td>23,678</td><td>5,854</td><td>11</td><td>964</td><td>1</td><td>30,528</td></tr><tr><td>July 26 Spot</td><td>32,255</td><td>1,674</td><td>368</td><td>667</td><td>1,053</td><td>1,415</td><td>2,140</td><td>39,572</td><td>16,995</td><td>108</td><td>1,305</td><td>44</td><td>58,024</td></tr><tr><td>July 26 Forward</td><td>18,545</td><td>224</td><td>7</td><td>5</td><td>564</td><td>8</td><td>360</td><td>19,713</td><td>5,308</td><td>37</td><td>441</td><td>15</td><td>25,514</td></tr><tr><td>Aug. 2 Spot</td><td>31,565</td><td>1,368</td><td>303</td><td>652</td><td>1,844</td><td>1,229</td><td>1,559</td><td>38,520</td><td>19,906</td><td>147</td><td>2,326</td><td>375</td><td>61,274</td></tr><tr><td>Aug. 2 Forward</td><td>14,661</td><td>278</td><td>-</td><td>5</td><td>372</td><td>-</td><td>430</td><td>15,746</td><td>10,710</td><td>2</td><td>1,592</td><td>18</td><td>28,068</td></tr><tr><td>Purchases from customer other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>14,506</td><td>145</td><td>46</td><td>124</td><td>622</td><td>83</td><td>198</td><td>15,724</td><td>8,101</td><td>103</td><td>698</td><td>211</td><td>24,837</td></tr><tr><td>July 5 Forward</td><td>13,541</td><td>170</td><td>-</td><td>2</td><td>618</td><td>48</td><td>530</td><td>14,909</td><td>5,470</td><td>2</td><td>532</td><td>-</td><td>20,913</td></tr><tr><td>July 12 Spot</td><td>12,633</td><td>525</td><td>18</td><td>188</td><td>236</td><td>30</td><td>132</td><td>13,762</td><td>7,782</td><td>84</td><td>584</td><td>395</td><td>22,607</td></tr><tr><td>July 12 Forward</td><td>8,998</td><td>71</td><td>-</td><td>15</td><td>755</td><td>24</td><td>101</td><td>9,964</td><td>4,363</td><td>-</td><td>567</td><td>-</td><td>14,894</td></tr><tr><td>July 19 Spot</td><td>10,590</td><td>715</td><td>19</td><td>111</td><td>535</td><td>24</td><td>113</td><td>12,107</td><td>6,982</td><td>215</td><td>650</td><td>272</td><td>20,286</td></tr><tr><td>July 19 Forward</td><td>8,471</td><td>98</td><td>-</td><td>3</td><td>518</td><td>22</td><td>76</td><td>9,188</td><td>3,528</td><td>-</td><td>213</td><td>1</td><td>12,930</td></tr><tr><td>July 26 Spot</td><td>11,296</td><td>300</td><td>65</td><td>87</td><td>364</td><td>38</td><td>227</td><td>12,377</td><td>7,510</td><td>75</td><td>469</td><td>202</td><td>20,633</td></tr><tr><td>July 26 Forward</td><td>14,376</td><td>115</td><td>-</td><td>4</td><td>389</td><td>31</td><td>110</td><td>15,025</td><td>2,709</td><td>7</td><td>700</td><td>36</td><td>18,477</td></tr><tr><td>Aug. 2 Spot</td><td>14,671</td><td>167</td><td>45</td><td>76</td><td>514</td><td>41</td><td>354</td><td>15,868</td><td>13,429</td><td>56</td><td>752</td><td>32</td><td>30,137</td></tr><tr><td>Aug. 2 Forward</td><td>10,432</td><td>16</td><td>-</td><td>15</td><td>481</td><td>10</td><td>48</td><td>11,002</td><td>2,710</td><td>17</td><td>764</td><td>-</td><td>14,493</td></tr><tr><td>TOTAL SALES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>70,809</td><td>3,115</td><td>286</td><td>587</td><td>2,745</td><td>978</td><td>1,637</td><td>80,157</td><td>26,730</td><td>307</td><td>2,585</td><td>160</td><td>109,939</td></tr><tr><td>July 5 Forward</td><td>30,919</td><td>884</td><td>2</td><td>3</td><td>1,312</td><td>135</td><td>822</td><td>34,077</td><td>12,550</td><td>-</td><td>848</td><td>-</td><td>47,475</td></tr><tr><td>July 12 Spot</td><td>51,283</td><td>2,260</td><td>517</td><td>659</td><td>2,376</td><td>1,508</td><td>2,534</td><td>61,137</td><td>24,517</td><td>361</td><td>2,415</td><td>95</td><td>88,525</td></tr><tr><td>July 12 Forward</td><td>40,011</td><td>297</td><td>5</td><td>49</td><td>2,109</td><td>428</td><td>962</td><td>43,861</td><td>8,945</td><td>34</td><td>880</td><td>7</td><td>53,727</td></tr><tr><td>July 19 Spot</td><td>44,009</td><td>1,873</td><td>408</td><td>555</td><td>1,738</td><td>1,915</td><td>1,470</td><td>51,968</td><td>22,993</td><td>419</td><td>1,776</td><td>104</td><td>77,260</td></tr><tr><td>July 19 Forward</td><td>42,016</td><td>212</td><td>5</td><td>42</td><td>2,342</td><td>539</td><td>392</td><td>45,548</td><td>12,156</td><td>24</td><td>974</td><td>-</td><td>58,702</td></tr><tr><td>July 26 Spot</td><td>42,925</td><td>1,964</td><td>476</td><td>391</td><td>1,344</td><td>1,459</td><td>1,914</td><td>50,473</td><td>23,940</td><td>228</td><td>1,550</td><td>76</td><td>76,267</td></tr><tr><td>July 26 Forward</td><td>29,814</td><td>545</td><td>-</td><td>2</td><td>938</td><td>58</td><td>514</td><td>31,871</td><td>9,058</td><td>393</td><td>1,071</td><td>50</td><td>42,443</td></tr><tr><td>Aug. 2 Spot</td><td>48,001</td><td>1,526</td><td>346</td><td>459</td><td>1,730</td><td>693</td><td>1,671</td><td>54,426</td><td>30,673</td><td>272</td><td>2,620</td><td>111</td><td>88,102</td></tr><tr><td>Aug. 2 Forward</td><td>28,139</td><td>345</td><td>-</td><td>36</td><td>1,266</td><td>404</td><td>1,000</td><td>31,190</td><td>14,820</td><td>19</td><td>2,501</td><td>-</td><td>48,530</td></tr><tr><td>Sales to banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>61,201</td><td>2,206</td><td>130</td><td>285</td><td>2,389</td><td>677</td><td>851</td><td>67,739</td><td>14,638</td><td>34</td><td>530</td><td>123</td><td>83,124</td></tr><tr><td>July 5 Forward</td><td>22,061</td><td>864</td><td>-</td><td>-</td><td>873</td><td>135</td><td>812</td><td>24,745</td><td>9,601</td><td>-</td><td>802</td><td>-</td><td>35,148</td></tr><tr><td>July 12 Spot</td><td>38,540</td><td>1,250</td><td>254</td><td>337</td><td>1,530</td><td>1,009</td><td>966</td><td>43,886</td><td>15,014</td><td>59</td><td>955</td><td>12</td><td>59,926</td></tr><tr><td>July 12 Forward</td><td>29,023</td><td>183</td><td>-</td><td>46</td><td>1,899</td><td>426</td><td>961</td><td>32,538</td><td>6,658</td><td>17</td><td>790</td><td>7</td><td>40,010</td></tr><tr><td>July 19 Spot</td><td>32,713</td><td>1,152</td><td>209</td><td>285</td><td>1,185</td><td>1,663</td><td>641</td><td>37,848</td><td>11,595</td><td>52</td><td>515</td><td>42</td><td>50,052</td></tr><tr><td>July 19 Forward</td><td>25,497</td><td>177</td><td>-</td><td>39</td><td>1,379</td><td>539</td><td>385</td><td>28,016</td><td>10,242</td><td>11</td><td>812</td><td>-</td><td>39,081</td></tr><tr><td>July 26 Spot</td><td>28,958</td><td>1,071</td><td>258</td><td>143</td><td>1,107</td><td>1,204</td><td>1,237</td><td>33,978</td><td>16,730</td><td>130</td><td>302</td><td>24</td><td>51,164</td></tr><tr><td>July 26 Forward</td><td>20,891</td><td>430</td><td>-</td><td>-</td><td>659</td><td>58</td><td>504</td><td>22,542</td><td>6,982</td><td>391</td><td>902</td><td>50</td><td>30,867</td></tr><tr><td>Aug. 2 Spot</td><td>35,693</td><td>751</td><td>173</td><td>247</td><td>1,203</td><td>492</td><td>1,040</td><td>39,599</td><td>21,849</td><td>63</td><td>1,500</td><td>61</td><td>63,072</td></tr><tr><td>Aug. 2 Forward</td><td>19,153</td><td>316</td><td>-</td><td>25</td><td>411</td><td>398</td><td>982</td><td>21,285</td><td>13,884</td><td>17</td><td>2,220</td><td>-</td><td>37,406</td></tr><tr><td>Sales to customers other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5 Spot</td><td>9,608</td><td>909</td><td>156</td><td>302</td><td>356</td><td>301</td><td>786</td><td>12,418</td><td>12,092</td><td>273</td><td>1,995</td><td>37</td><td>26,815</td></tr><tr><td>July 5 Forward</td><td>8,858</td><td>20</td><td>2</td><td>3</td><td>439</td><td>-</td><td>10</td><td>9,332</td><td>2,949</td><td>-</td><td>46</td><td>-</td><td>12,327</td></tr><tr><td>July 12 Spot</td><td>12,743</td><td>1,010</td><td>263</td><td>322</td><td>846</td><td>499</td><td>1,568</td><td>17,251</td><td>9,503</td><td>302</td><td>1,460</td><td>83</td><td>28,593</td></tr><tr><td>July 12 Forward</td><td>10,988</td><td>114</td><td>5</td><td>3</td><td>210</td><td>2</td><td>1</td><td>11,323</td><td>2,287</td><td>17</td><td>90</td><td>-</td><td>13,717</td></tr><tr><td>July 19 Spot</td><td>11,296</td><td>721</td><td>199</td><td>270</td><td>553</td><td>252</td><td>829</td><td>14,120</td><td>11,398</td><td>367</td><td>1,261</td><td>62</td><td>27,208</td></tr><tr><td>July 19 Forward</td><td>16,519</td><td>35</td><td>5</td><td>3</td><td>963</td><td>-</td><td>7</td><td>17,532</td><td>1,914</td><td>13</td><td>162</td><td>-</td><td>19,621</td></tr><tr><td>July 26 Spot</td><td>13,967</td><td>893</td><td>218</td><td>248</td><td>237</td><td>255</td><td>677</td><td>16,495</td><td>7,210</td><td>98</td><td>1,248</td><td>52</td><td>25,103</td></tr><tr><td>July 26 Forward</td><td>8,923</td><td>115</td><td>-</td><td>2</td><td>279</td><td>-</td><td>10</td><td>9,329</td><td>2,076</td><td>2</td><td>169</td><td>-</td><td>11,576</td></tr><tr><td>Aug. 2 Spot</td><td>12,308</td><td>775</td><td>173</td><td>212</td><td>527</td><td>201</td><td>631</td><td>14,827</td><td>8,824</td><td>209</td><td>1,120</td><td>50</td><td>25,030</td></tr><tr><td>Aug. 2 Forward</td><td>8,986</td><td>29</td><td>-</td><td>11</td><td>855</td><td>6</td><td>18</td><td>9,905</td><td>936</td><td>2</td><td>281</td><td>-</td><td>11,124</td></tr></table>
40
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during July 1939
(In thousands of dollars)
<table><tr><th>Contracts as of following datee</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5</td><td>253,605</td><td>6,652</td><td>25</td><td>311</td><td>10,829</td><td>1,431</td><td>10,188</td><td>283,041</td><td>98,850</td><td>1,799</td><td>10,708</td><td>178</td><td>394,576</td></tr><tr><td>July 12</td><td>253,506</td><td>2,911</td><td>38</td><td>351</td><td>11,559</td><td>1,535</td><td>10,122</td><td>280,022</td><td>104,110</td><td>1,816</td><td>10,953</td><td>175</td><td>397,076</td></tr><tr><td>July 19</td><td>259,157</td><td>3,025</td><td>1</td><td>342</td><td>11,386</td><td>1,533</td><td>9,718</td><td>285,162</td><td>104,933</td><td>1,695</td><td>10,781</td><td>184</td><td>402,755</td></tr><tr><td>July 26</td><td>266,366</td><td>3,196</td><td>8</td><td>347</td><td>11,080</td><td>1,504</td><td>8,043</td><td>290,544</td><td>107,400</td><td>1,714</td><td>10,835</td><td>169</td><td>410,662</td></tr><tr><td>Aug. 2</td><td>255,591</td><td>3,008</td><td>1</td><td>345</td><td>10,393</td><td>1,368</td><td>7,610</td><td>278,316</td><td>109,317</td><td>1,748</td><td>10,943</td><td>164</td><td>400,488</td></tr><tr><td>Contracts for purchases from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 5</td><td>70,519</td><td>1,806</td><td>7</td><td>24</td><td>4,311</td><td>158</td><td>2,575</td><td>79,401</td><td>11,674</td><td>1,026</td><td>3,053</td><td>-</td><td>95,154</td></tr><tr><td>July 12</td><td>68,504</td><td>609</td><td>34</td><td>23</td><td>4,316</td><td>158</td><td>2,193</td><td>75,837</td><td>12,401</td><td>1,026</td><td>3,205</td><td>-</td><td>92,469</td></tr><tr><td>July 19</td><td>71,143</td><td>687</td><td>-</td><td>23</td><td>3,894</td><td>152</td><td>2,095</td><td>77,994</td><td>12,802</td><td>909</td><td>3,265</td><td>-</td><td>94,970</td></tr><tr><td>July 26</td><td>70,749</td><td>841</td><td>7</td><td>25</td><td>3,267</td><td>129</td><td>1,712</td><td>76,730</td><td>11,785</td><td>921</td><td>3,547</td><td>-</td><td>92,933</td></tr><tr><td>Aug. 2</td><td>68,805</td><td>934</td><td>-</td><td>25</td><td>3,021</td><td>107</td><td>1,404</td><td>74,296</td><td>12,659</td><td>921</td><td>2,778</td><td>-</td><td>90,654</td></tr><tr><td>Contracts for purchases from domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5</td><td>183,086</td><td>4,846</td><td>18</td><td>287</td><td>6,518</td><td>1,273</td><td>7,612</td><td>203,640</td><td>87,176</td><td>773</td><td>7,655</td><td>178</td><td>299,422</td></tr><tr><td>July 12</td><td>185,002</td><td>2,302</td><td>4</td><td>328</td><td>7,243</td><td>1,377</td><td>7,929</td><td>204,185</td><td>91,709</td><td>790</td><td>7,748</td><td>175</td><td>304,607</td></tr><tr><td>July 19</td><td>188,014</td><td>2,338</td><td>1</td><td>319</td><td>7,492</td><td>1,381</td><td>7,623</td><td>207,168</td><td>92,131</td><td>786</td><td>7,516</td><td>184</td><td>307,785</td></tr><tr><td>July 26</td><td>195,617</td><td>2,355</td><td>1</td><td>322</td><td>7,813</td><td>1,375</td><td>6,331</td><td>213,814</td><td>95,615</td><td>793</td><td>7,288</td><td>169</td><td>317,679</td></tr><tr><td>Aug. 2</td><td>186,786</td><td>2,074</td><td>1</td><td>320</td><td>7,372</td><td>1,261</td><td>6,206</td><td>204,020</td><td>96,658</td><td>827</td><td>8,165</td><td>164</td><td>309,834</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5</td><td>271,472</td><td>8,194</td><td>39</td><td>451</td><td>15,235</td><td>3,066</td><td>12,489</td><td>310,946</td><td>107,754</td><td>4,049</td><td>12,468</td><td>84</td><td>435,301</td></tr><tr><td>July 12</td><td>283,819</td><td>4,569</td><td>44</td><td>501</td><td>15,888</td><td>3,288</td><td>12,473</td><td>320,582</td><td>109,277</td><td>3,723</td><td>12,376</td><td>80</td><td>446,038</td></tr><tr><td>July 19</td><td>289,806</td><td>4,575</td><td>42</td><td>534</td><td>16,147</td><td>3,355</td><td>11,767</td><td>326,226</td><td>114,370</td><td>3,464</td><td>12,405</td><td>82</td><td>456,547</td></tr><tr><td>July 26</td><td>286,951</td><td>5,385</td><td>44</td><td>536</td><td>15,377</td><td>3,001</td><td>9,707</td><td>321,001</td><td>115,461</td><td>3,855</td><td>12,271</td><td>81</td><td>452,669</td></tr><tr><td>Aug. 2</td><td>277,818</td><td>4,731</td><td>38</td><td>531</td><td>14,849</td><td>3,079</td><td>9,781</td><td>310,827</td><td>117,152</td><td>3,722</td><td>12,107</td><td>81</td><td>443,889</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5</td><td>92,394</td><td>6,004</td><td>14</td><td>106</td><td>6,598</td><td>1,863</td><td>9,373</td><td>116,352</td><td>45,597</td><td>3,814</td><td>5,400</td><td>74</td><td>171,237</td></tr><tr><td>July 12</td><td>101,502</td><td>3,100</td><td>14</td><td>122</td><td>6,502</td><td>1,967</td><td>9,279</td><td>122,486</td><td>44,536</td><td>3,453</td><td>5,440</td><td>74</td><td>175,989</td></tr><tr><td>July 19</td><td>98,587</td><td>3,129</td><td>14</td><td>161</td><td>6,774</td><td>2,074</td><td>8,916</td><td>119,755</td><td>50,479</td><td>3,208</td><td>5,376</td><td>74</td><td>178,892</td></tr><tr><td>July 26</td><td>91,755</td><td>4,006</td><td>14</td><td>161</td><td>6,310</td><td>1,768</td><td>7,270</td><td>111,284</td><td>46,400</td><td>3,600</td><td>5,758</td><td>74</td><td>167,116</td></tr><tr><td>Aug. 2</td><td>90,384</td><td>3,352</td><td>14</td><td>146</td><td>5,966</td><td>1,923</td><td>7,323</td><td>109,108</td><td>49,307</td><td>3,450</td><td>5,155</td><td>74</td><td>167,094</td></tr><tr><td>Contracts for sale to domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 5</td><td>179,078</td><td>2,190</td><td>25</td><td>345</td><td>8,637</td><td>1,203</td><td>3,116</td><td>194,594</td><td>62,157</td><td>235</td><td>7,068</td><td>10</td><td>264,064</td></tr><tr><td>July 12</td><td>182,317</td><td>1,469</td><td>30</td><td>379</td><td>9,386</td><td>1,321</td><td>3,194</td><td>198,096</td><td>64,741</td><td>270</td><td>6,936</td><td>6</td><td>270,049</td></tr><tr><td>July 19</td><td>191,119</td><td>1,446</td><td>28</td><td>373</td><td>9,373</td><td>1,281</td><td>2,851</td><td>206,471</td><td>63,891</td><td>256</td><td>7,029</td><td>8</td><td>277,655</td></tr><tr><td>July 26</td><td>195,196</td><td>1,379</td><td>30</td><td>375</td><td>9,067</td><td>1,233</td><td>2,437</td><td>209,717</td><td>69,061</td><td>255</td><td>6,513</td><td>7</td><td>285,553</td></tr><tr><td>Aug. 2</td><td>187,434</td><td>1,379</td><td>24</td><td>385</td><td>8,883</td><td>1,156</td><td>2,458</td><td>201,719</td><td>67,845</td><td>272</td><td>6,952</td><td>7</td><td>276,795</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for July 1939
(Minus indicates short position; In thousands of dollars)
<table><tr><th>Position as of following dates</th><th colspan="10">Currency of-</th></tr><tr><th></th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Far East</th><th>All other</th><th>Grand total</th></tr><tr><td>July 5.</td><td>-7,857</td><td>-1,527</td><td>-46</td><td>-932</td><td>-2,636</td><td>-1,445</td><td>-1,765</td><td>-16,208</td><td>1,505</td><td>-443</td><td>-6,835</td><td>115</td><td>-21,866</td></tr><tr><td>July 12.</td><td>-9,986</td><td>-1,342</td><td>-61</td><td>-937</td><td>-3,097</td><td>-1,116</td><td>-1,550</td><td>-18,089</td><td>1,678</td><td>-179</td><td>-6,946</td><td>105</td><td>-23,431</td></tr><tr><td>July 19.</td><td>-9,415</td><td>-1,080</td><td>-91</td><td>-943</td><td>-3,117</td><td>-1,141</td><td>-1,582</td><td>-17,359</td><td>290</td><td>8</td><td>-7,001</td><td>108</td><td>-23,964</td></tr><tr><td>July 26.</td><td>-5,215</td><td>-1,282</td><td>-84</td><td>-931</td><td>-3,003</td><td>-1,158</td><td>-1,169</td><td>-12,852</td><td>-131</td><td>-353</td><td>-6,669</td><td>107</td><td>-19,695</td></tr><tr><td>Aug. 2.</td><td>-9,392</td><td>-1,279</td><td>-83</td><td>-925</td><td>-2,799</td><td>-1,162</td><td>-1,305</td><td>-16,945</td><td>1,216</td><td>-423</td><td>-6,345</td><td>90</td><td>-22,407</td></tr></table>
OTHER MONETARY STATISTICS
- 41 -
42
Balance Sheet of the Exchange Stabilization Fund
<table><tr><th></th><th>June 30, 1938</th><th>June 30, 1939</th></tr><tr><td>ASSETS:</td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S., Gold</td><td>$1,800,000,000.00</td><td>$1,800,000,000.00</td></tr><tr><td>Treasurer of the U. S., Checking Account</td><td>1,643,849.25</td><td>1,599,593.34</td></tr><tr><td>Federal Reserve Bank of New York Special Account</td><td>100,765,630.03</td><td>104,695,868.70</td></tr><tr><td>Disbursing Officers' Balances and Advance Accounts</td><td>11,829.04</td><td>10,150.50</td></tr><tr><td></td><td>$1,902,421,308.32</td><td>$1,906,305,612.54</td></tr><tr><td>Accounts Receivable:</td><td></td><td></td></tr><tr><td>Due from French Cable Company</td><td>5,007.34</td><td>-</td></tr><tr><td>Special Accounts of Sec'ly of Treasury - Fed. Res. Bk. of N. Y.:</td><td></td><td></td></tr><tr><td>Special Account No. 1 (Gold)*</td><td>43,701,226.28</td><td>84,985,664.76</td></tr><tr><td>Due from Foreign Banks (Foreign Exchange)</td><td></td><td></td></tr><tr><td>France</td><td>85.74</td><td>81.47</td></tr><tr><td>Belgae</td><td>-</td><td>2,220.34</td></tr><tr><td>Sterling</td><td>100,245.77</td><td>42,234.73</td></tr><tr><td>Central Bank of China (Secured Deposits)</td><td></td><td></td></tr><tr><td>165,000,000.00 Yuan (Gold held as collateral $48,838,340.89)</td><td>48,487,500.00</td><td>48,587,831.51</td></tr><tr><td>65,229,995.63 Yuan (Gold held as collateral $19,379,015.66)</td><td>-</td><td>19,180,127.56</td></tr><tr><td></td><td>-</td><td>19,224,664.10</td></tr><tr><td>Investments - U. S. Treasury Bonds**</td><td>15,107,637.53</td><td>5,026,562.50</td></tr><tr><td>Accrued Interest Receivable**</td><td>52,042.78</td><td>41,796.83</td></tr><tr><td>Other Accounts - Deferred Charges</td><td>-</td><td>7,005.98</td></tr><tr><td>Commodity Sales Contracts (Deferred Charge)</td><td>2,651.00</td><td>2,651.00</td></tr><tr><td>Total Assets</td><td>$2,009,877,704.76</td><td>$2,015,593,957.76</td></tr><tr><td>LIABILITIES AND CAPITAL:</td><td></td><td></td></tr><tr><td>Capital Account</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Due to Central Bank of China</td><td>605.78</td><td>-</td></tr><tr><td>Accounts Payable</td><td></td><td></td></tr><tr><td>Commodity Sales Contracts</td><td>2,651.00</td><td>1,439.52</td></tr><tr><td>Vouchers Payable</td><td>-</td><td>536,474.34</td></tr><tr><td>Due to Foreign Banks</td><td>-</td><td>538,307.42</td></tr><tr><td>Earnings**</td><td>10,235,737.45</td><td>15,648,535.53</td></tr><tr><td>Deferred Credits - add.</td><td>310,250.56</td><td>316,474.34</td></tr><tr><td></td><td>10,545,988.01</td><td>15,965,009.87</td></tr><tr><td>General Expenses - deduct***</td><td>671,540.03</td><td>909,359.53</td></tr><tr><td></td><td>9,874,447.98</td><td>15,055,650.34</td></tr><tr><td>Total Liabilities and Capital</td><td>$2,009,877,704.76</td><td>$2,015,593,957.76</td></tr></table>
See Schedule 1. See Schedule 2. See Schedule 3.
43
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule #1
Special Account #1 - Gold
Schedule showing location of Gold held by and for account of the Exchange Stabilization Fund.
<table><tr><th></th><th colspan="2">June 30, 1938</th><th colspan="2">June 30, 1939</th></tr><tr><th></th><th>Ouncee</th><th>Dollare</th><th>Ouncee</th><th>Dollare</th></tr><tr><td>Gold held by: Bank of England.</td><td>38,941,816</td><td>1,354,006.95</td><td>-</td><td>-</td></tr><tr><td>Federal Reserve Bank of New York.</td><td>47,460,817</td><td>1,661,128.59</td><td>94,015,853</td><td>3,290,554.85</td></tr><tr><td>U. S. Assay Office, New York.</td><td>1,162,459.737</td><td>40,686,090.74</td><td>2,334,146.000</td><td>81,695,109.91</td></tr><tr><td>Total.</td><td>1,248,862,370</td><td>43,701,226.28</td><td>2,428,162,853</td><td>84,985,664.76</td></tr></table>
Schedule #2
Schedule showing total earnings of the Exchange Stabilization Fund from January 31, 1934 to June 30, 1938 and June 30, 1939.
<table><tr><th></th><th>June 30, 1938</th><th>June 30, 1939</th></tr><tr><td>Source:</td><td></td><td></td></tr><tr><td>Profit and earnings on French Franc Transactions</td><td>$352,014.24</td><td>$352,009.97</td></tr><tr><td>Profits on Gold Bullion</td><td>711,099.88</td><td>1,620,673.74</td></tr><tr><td>Profit on handling charges on gold</td><td>1,772,273.12</td><td>5,411,562.14</td></tr><tr><td>Profits on Silver Transactions</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profit on sale of Silver Bullion to Treasury (nationalized)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profit on investments</td><td>491,208.70</td><td>619,826.17</td></tr><tr><td>Interest on investments</td><td>2,866,888.37</td><td>3,029,137.48</td></tr><tr><td>Miscellaneous Profit</td><td>410.44</td><td>445.44</td></tr><tr><td>Interest earned on Foreign Balances</td><td>56,740.83</td><td>56,740.83</td></tr><tr><td>Interest earned on Chinese Yuan</td><td>406,368.31</td><td>979,406.20</td></tr><tr><td></td><td>$10,235,737.45</td><td>$15,648,535.53</td></tr><tr><td>Deferred Credite</td><td>310,250.56</td><td>316,474.34</td></tr><tr><td>Total</td><td>$10,545,988.01</td><td>$15,965,009.87</td></tr></table>
Investments
Schedule showing Classes of U. S. Treasury Bonds held by the Exchange Stabilization Fund.
<table><tr><th></th><th colspan="4">June 30, 1938</th><th colspan="4">June 30, 1939</th></tr><tr><th></th><th>Face Value</th><th>Principal Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th><th>Face Value</th><th>Principal Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th></tr><tr><td>2-7/8% U. S. Treasury Bonds of 1955-60........</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td>100.5313</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td>100.5313</td></tr><tr><td>2-1/2% U. S. Treasury Bonde of 1949-53........</td><td>10,000,000</td><td>10,081,075.03</td><td>10,245.90</td><td>100.8108</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total....................</td><td>$15,000,000</td><td>$15,107,637.53</td><td>$52,042.78</td><td></td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td></td></tr></table>
Schedule #3
Administrative Expenses of the Exchange Stabilization Fund from Jan. 31, 1934 to June 30, 1938 and June 30, 1939.
<table><tr><th></th><th>June 30, 1938</th><th>June 30, 1939</th></tr><tr><td>Salaries</td><td>$379,961.67</td><td>$539,133.06</td></tr><tr><td>Travel</td><td>31,785.80</td><td>38,018.09</td></tr><tr><td>Subsistence</td><td>18,509.14</td><td>25,486.57</td></tr><tr><td>Telephone & Telegraph</td><td>171,622.29</td><td>222,510.43</td></tr><tr><td>Stationery, etc.</td><td>11,232.67</td><td>12,455.22</td></tr><tr><td>All other</td><td>58,428.46</td><td>71,756.16</td></tr><tr><td>Total</td><td>$671,540.03</td><td>$909,359.53</td></tr></table>
44
Gold Assets and Liabilities of the Treasury
(in millions of dollars - on basis of daily Treasury statements unrevised)
<table><tr><th>End of calendar year or month</th><th>Gold Assets</th><th colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Gold Certificates 1/</th><th>Gold Reserve against U. S. notes, etc. 2/</th><th>Stabilization Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>311.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,791.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1938-Sept.</td><td>13,759.3</td><td>10,994.5</td><td>156.0</td><td>1,800.0</td><td>808.8</td></tr><tr><td>Oot.</td><td>14,064.3</td><td>11,317.6</td><td>156.0</td><td>1,800.0</td><td>760.6</td></tr><tr><td>Nov.</td><td>14,311.9</td><td>11,688.3</td><td>156.0</td><td>1,800.0</td><td>661.6</td></tr><tr><td>Dec.</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939-Jan.</td><td>14,680.9</td><td>12,022.3</td><td>156.0</td><td>1,800.0</td><td>702.5</td></tr><tr><td>Feb.</td><td>14,874.3</td><td>12,199.1</td><td>156.0</td><td>1,800.0</td><td>719.2</td></tr><tr><td>Mar.</td><td>15,258.2</td><td>12,627.0</td><td>156.0</td><td>1,800.0</td><td>675.2</td></tr><tr><td>Apr.</td><td>15,790.6</td><td>13,176.0</td><td>156.0</td><td>1,800.0</td><td>658.4</td></tr><tr><td>May.</td><td>15,956.4</td><td>13,398.8</td><td>156.0</td><td>1,800.0</td><td>601.6</td></tr><tr><td>June.</td><td>16,110.0</td><td>13,595.6</td><td>156.0</td><td>1,800.0</td><td>558.3</td></tr><tr><td>July</td><td>16,237.5</td><td>13,949.8</td><td>156.0</td><td>1,800.0</td><td>331.7</td></tr><tr><td>Aug.</td><td>16,645.1</td><td>14,391.9</td><td>156.0</td><td>1,800.0</td><td>297.1</td></tr><tr><td>Sept.</td><td>16,931.5</td><td>14,749.7</td><td>156.0</td><td>1,800.0</td><td>225.7</td></tr></table>
1/ In Federal Reserve Banks, etc., gold certificate fund Board of Governors, Federal Reserve System, and Redemption fund, Federal Reserve notes. 2/ Reserve against $346,681,016 United States notes and $1,157,122 Treasury notes of 1890 outstanding. 3/ This does not include gold in the active portion of the Stabilization Fund.
Net Movement of Gold to and from the United States
(In millions of dollars at $35 per fine ounce - as reported by U.S. Department of Commerce)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>France</th><th>Nether- lands</th><th>Switzer- land</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel- gium</th><th>British India</th><th>Aus- tralia</th><th>Philip- pine Islands</th><th>Co- lombia</th><th>Chile</th><th>Peru</th><th>China 1/</th><th>All other</th><th>Total net imports or net ex- ports (-)</th></tr><tr><td>1933......</td><td>10.8</td><td>-365.1</td><td>13.4</td><td>-19.7</td><td>33.6</td><td>7.2</td><td>11.3</td><td>-1.5</td><td>43.3</td><td>5.4</td><td>9.7</td><td>.2</td><td>4.0</td><td>2.6</td><td>21.7</td><td>-70.6</td><td>-293.7</td></tr><tr><td>1934......</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935......</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936......</td><td>174.1</td><td>573.7</td><td>71.0</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,116.6</td></tr><tr><td>1937......</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.8</td><td>34.7</td><td>25.4</td><td>18.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938......</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1938-Sept.</td><td>378.0</td><td>-</td><td>47.2</td><td>-</td><td>38.1</td><td>1.4</td><td>35.1</td><td>-</td><td>-</td><td>3.8</td><td>2.7</td><td>-</td><td>.4</td><td>.4</td><td>1.5</td><td>12.3</td><td>520.9</td></tr><tr><td>Oct......</td><td>443.4</td><td>43.0</td><td>41.8</td><td>-</td><td>10.8</td><td>2.2</td><td>5.7</td><td>-</td><td>.8</td><td>3.3</td><td>2.7</td><td>-</td><td>.8</td><td>.2</td><td>1.2</td><td>6.5</td><td>562.4</td></tr><tr><td>Nov......</td><td>99.1</td><td>-</td><td>27.2</td><td>1.1</td><td>7.2</td><td>3.5</td><td>5.8</td><td>-</td><td>3.8</td><td>7.9</td><td>2.9</td><td>-</td><td>.5</td><td>.4</td><td>2.9</td><td>15.5</td><td>177.8</td></tr><tr><td>Dec......</td><td>101.7</td><td>37.4</td><td>46.2</td><td>-</td><td>.7</td><td>2.6</td><td>14.4</td><td>2.0</td><td>1.8</td><td>6.8</td><td>2.7</td><td>2.1</td><td>1.0</td><td>.4</td><td>2.0</td><td>18.7</td><td>240.9</td></tr><tr><td>1939-Jan.</td><td>52.1</td><td>1.4</td><td>33.7</td><td>-1.1</td><td>10.8</td><td>2.3</td><td>37.8</td><td>1.7</td><td>-</td><td>6.6</td><td>2.8</td><td>2.1</td><td>.6</td><td>.4</td><td>2.3</td><td>1.8</td><td>156.3</td></tr><tr><td>Feb......</td><td>165.4</td><td>1.4</td><td>29.3</td><td>-</td><td>4.2</td><td>2.5</td><td>5.4</td><td>-</td><td>.2</td><td>4.0</td><td>2.7</td><td>-</td><td>.5</td><td>.3</td><td>2.4</td><td>5.0</td><td>223.3</td></tr><tr><td>Mar......</td><td>250.0</td><td>.8</td><td>27.1</td><td>8.2</td><td>6.9</td><td>3.8</td><td>11.4</td><td>37.2</td><td>3.7</td><td>4.3</td><td>3.3</td><td>4.2</td><td>1.5</td><td>.3</td><td>1.3</td><td>1.4</td><td>365.4</td></tr><tr><td>Apr......</td><td>384.9</td><td>-</td><td>44.6</td><td>55.7</td><td>7.7</td><td>1.6</td><td>5.5</td><td>84.6</td><td>4.9</td><td>4.8</td><td>2.2</td><td>2.1</td><td>.5</td><td>.3</td><td>.3</td><td>6.1</td><td>605.8</td></tr><tr><td>May......</td><td>302.7</td><td>-</td><td>40.4</td><td>2.3</td><td>12.1</td><td>2.1</td><td>10.9</td><td>41.7</td><td>3.4</td><td>5.3</td><td>2.6</td><td>2.1</td><td>.7</td><td>.3</td><td>1.3</td><td>1.5</td><td>429.4</td></tr><tr><td>June......</td><td>128.2</td><td>-</td><td>55.1</td><td>5.6</td><td>17.2</td><td>3.3</td><td>14.1</td><td>-</td><td>2.2</td><td>5.7</td><td>3.8</td><td>2.1</td><td>.8</td><td>.4</td><td>.6</td><td>1.3</td><td>240.4</td></tr><tr><td>July......</td><td>177.8</td><td>-</td><td>45.6</td><td>5.6</td><td>15.2</td><td>4.2</td><td>10.9</td><td>-</td><td>2.8</td><td>5.0</td><td>3.0</td><td>2.1</td><td>1.1</td><td>.2</td><td>1.2</td><td>3.9</td><td>278.6</td></tr><tr><td>Aug......</td><td>163.7</td><td>-</td><td>22.6</td><td>-</td><td>34.3</td><td>4.0</td><td>10.9</td><td>-</td><td>9.3</td><td>5.7</td><td>2.8</td><td>2.1</td><td>.9</td><td>.3</td><td>1.9</td><td>1.4</td><td>259.9</td></tr><tr><td>Sept......</td><td>162.4</td><td>-</td><td>-</td><td>1.5</td><td>120.8</td><td>.7</td><td>16.4</td><td>-</td><td>4.1</td><td>5.5</td><td>3.9</td><td>2.1</td><td>.8</td><td>1.4</td><td>5.2</td><td>1.3</td><td>326.1</td></tr></table>
1/ Including Hong Kong.
<table><tr><th colspan="5">Treasury Gold Receipts (In millions of dollars)</th></tr><tr><th></th><th>Heavily-mixed domestic gold</th><th>Gold received by importation or re-leased for exportation (-) 1/</th><th>Miscellaneous 2/</th><th>Total</th></tr><tr><td>1937 - Jan.-Mar.</td><td>32.93</td><td>277.22</td><td>6.00</td><td>316.15</td></tr><tr><td>Apr.-June.</td><td>36.46</td><td>691.37</td><td>16.61</td><td>744.44</td></tr><tr><td>July-Sept.</td><td>45.85</td><td>371.80</td><td>4.40</td><td>422.05</td></tr><tr><td>Oct.-Dec.</td><td>45.61</td><td>-30.80</td><td>4.95</td><td>19.76</td></tr><tr><td>1938 - Jan.-Mar.</td><td>38.23</td><td>-7.67</td><td>3.83</td><td>34.39</td></tr><tr><td>Apr.-June.</td><td>40.42</td><td>124.59</td><td>3.54</td><td>168.55</td></tr><tr><td>July-Sept.</td><td>47.22</td><td>743.96</td><td>5.25</td><td>796.43</td></tr><tr><td>Oct.-Dec.</td><td>49.12</td><td>701.00</td><td>1.75</td><td>751.87</td></tr><tr><td>1939 - Jan.-Mar.</td><td>44.40</td><td>699.30</td><td>3.31</td><td>747.01</td></tr><tr><td>Apr.-June.</td><td>43.69</td><td>804.96</td><td>3.11</td><td>851.76</td></tr><tr><td>July-Sept.</td><td>52.34</td><td>765.95</td><td>3.24</td><td>821.53</td></tr></table>
Monetary Stocks of Gold and Silver
(In millions of dollars - on basis, daily Treasury statements, revised)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of Silver to Gold and Silver in Monetary Stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.0</td><td>3,595.3</td><td>18.2</td></tr><tr><td>1938-Sept.</td><td>13,759.6</td><td>3,163.0</td><td>18.7</td></tr><tr><td>Oct.</td><td>14,064.5</td><td>3,202.5</td><td>18.5</td></tr><tr><td>Nov.</td><td>14,312.1</td><td>3,265.2</td><td>18.6</td></tr><tr><td>Dec.</td><td>14,511.6</td><td>3,346.8</td><td>18.7</td></tr><tr><td>1939-Jan.</td><td>14,681.7</td><td>3,404.8</td><td>18.8</td></tr><tr><td>Feb.</td><td>14,874.4</td><td>3,439.4</td><td>18.8</td></tr><tr><td>Mar.</td><td>15,258.2</td><td>3,477.9</td><td>18.6</td></tr><tr><td>Apr.</td><td>15,790.6</td><td>3,518.0</td><td>18.2</td></tr><tr><td>May</td><td>15,956.7</td><td>3,555.8</td><td>18.2</td></tr><tr><td>June</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>July</td><td>16,238.0</td><td>3,649.1</td><td>18.3</td></tr><tr><td>Aug.</td><td>16,645.7</td><td>3,682.4</td><td>18.1</td></tr><tr><td>Sept.</td><td>16,931.5</td><td>3,703.6</td><td>17.9</td></tr></table>
1/ Includes gold released from earmark or gold placed under earmark. 2/ Domestic coin, secondary gold, etc.
Preliminary
MONETARY STOCKS OF GOLD AND SILVER IN U.S.
Gold per Ounce: Through Jan. '34 =$20.67 Thereafter =$35.00 Silver per Ounce $1.29
45
Note $287,000,000 written off as lost. Jan.31, 1934
46
Components of Silver Monetary Stock
(In millions of dollars - on basis of daily Treasury statements, revised)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total Silver at $1.29 per ounce</th></tr><tr><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th>Silver dollars 1/</th><th>Sub- stantary coin 2/</th></tr><tr><th></th><th>Silver bul- lion</th><th>Silver dol- lars</th><th>Sub- stantary coin 2/</th><th>Bullion for recoin- age 2/</th><th>Bullion at cost</th><th></th><th></th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>-</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>1938-Sept.</td><td>1,071.4</td><td>503.4</td><td>8.9</td><td>.3</td><td>499.4</td><td>43.7</td><td>366.8</td><td>3,163.0</td></tr><tr><td>Oct.</td><td>1,086.9</td><td>503.2</td><td>7.7</td><td>.4</td><td>506.7</td><td>43.9</td><td>368.1</td><td>3,202.5</td></tr><tr><td>Nov.</td><td>1,110.1</td><td>502.9</td><td>5.5</td><td>.5</td><td>519.2</td><td>44.2</td><td>370.2</td><td>3,265.2</td></tr><tr><td>Dec.</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>1939-Jan.</td><td>1,157.8</td><td>502.7</td><td>4.1</td><td>.4</td><td>547.2</td><td>44.3</td><td>372.0</td><td>3,404.8</td></tr><tr><td>Feb.</td><td>1,169.7</td><td>502.7</td><td>4.1</td><td>.3</td><td>554.2</td><td>44.4</td><td>372.0</td><td>3,439.4</td></tr><tr><td>Mar.</td><td>1,185.6</td><td>502.7</td><td>4.5</td><td>.3</td><td>561.1</td><td>44.4</td><td>372.0</td><td>3,477.9</td></tr><tr><td>Apr.</td><td>1,199.2</td><td>502.6</td><td>3.6</td><td>.7</td><td>569.6</td><td>44.5</td><td>372.6</td><td>3,518.0</td></tr><tr><td>May</td><td>1,212.2</td><td>502.5</td><td>3.7</td><td>.4</td><td>577.2</td><td>44.6</td><td>373.6</td><td>3,555.8</td></tr><tr><td>June</td><td>1,230.6</td><td>502.2</td><td>3.8</td><td>.3</td><td>585.8</td><td>44.9</td><td>376.2</td><td>3,605.2</td></tr><tr><td>July</td><td>1,246.9</td><td>501.8</td><td>3.3</td><td>.2</td><td>593.8</td><td>45.3</td><td>377.8</td><td>3,649.1</td></tr><tr><td>Aug.</td><td>1,257.2</td><td>501.3</td><td>2.9</td><td>-</td><td>600.6</td><td>45.8</td><td>379.8</td><td>3,682.4</td></tr><tr><td>Sept.</td><td>1,266.7</td><td>500.9</td><td>3.8</td><td>-</td><td>605.0</td><td>45.8</td><td>379.8</td><td>3,703.6</td></tr></table>
1/ Valued at $1.29+ per ounce.
2/ Valued at $1.38+ per ounce.
* Preliminary.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(in millions)
<table><tr><th>Calendar year or month</th><th colspan="2">Newly mined domestic 1/</th><th colspan="2">National-ised 2/</th><th colspan="2">Foreign 3/</th><th colspan="2">Total</th></tr><tr><th></th><th>Unc-ces</th><th>Dol-lars</th><th>Unc-ces</th><th>Dol-lars</th><th>Unc-ces</th><th>Dol-lars</th><th>Unc-ces</th><th>Dol-lars</th></tr><tr><td>1934</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936</td><td>61.1</td><td>47.3</td><td>1.4</td><td>1.2</td><td>271.9</td><td>150.3</td><td>333.4</td><td>197.9</td></tr><tr><td>1937</td><td>70.6</td><td>54.6</td><td>-</td><td>-</td><td>241.5</td><td>108.7</td><td>312.2</td><td>163.4</td></tr><tr><td>1938</td><td>61.6</td><td>42.2</td><td>-</td><td>-</td><td>355.4</td><td>156.9</td><td>417.1</td><td>199.1</td></tr><tr><td>1938-Sept.</td><td>3.8</td><td>2.5</td><td>-</td><td>-</td><td>22.0</td><td>9.7</td><td>25.8</td><td>12.2</td></tr><tr><td>Oct.</td><td>4.9</td><td>3.2</td><td>-</td><td>-</td><td>25.7</td><td>11.3</td><td>30.6</td><td>14.5</td></tr><tr><td>Nov.</td><td>7.9</td><td>5.4</td><td>-</td><td>-</td><td>40.7</td><td>17.7</td><td>48.6</td><td>23.1</td></tr><tr><td>Dec.</td><td>4.6</td><td>3.0</td><td>-</td><td>-</td><td>57.6</td><td>24.8</td><td>62.2</td><td>27.8</td></tr><tr><td>1939-Jan.</td><td>4.5</td><td>2.9</td><td>-</td><td>-</td><td>41.3</td><td>17.8</td><td>45.8</td><td>20.7</td></tr><tr><td>Feb.</td><td>5.1</td><td>3.3</td><td>-</td><td>-</td><td>21.2</td><td>9.1</td><td>26.3</td><td>12.4</td></tr><tr><td>Mar.</td><td>5.4</td><td>3.5</td><td>-</td><td>-</td><td>24.6</td><td>10.6</td><td>30.0</td><td>14.1</td></tr><tr><td>Apr.</td><td>4.9</td><td>3.2</td><td>-</td><td>-</td><td>26.1</td><td>11.2</td><td>31.0</td><td>14.4</td></tr><tr><td>May.</td><td>4.7</td><td>3.0</td><td>-</td><td>-</td><td>24.7</td><td>10.6</td><td>29.3</td><td>13.6</td></tr><tr><td>June.</td><td>5.8</td><td>3.7</td><td>-</td><td>-</td><td>32.2</td><td>13.5</td><td>38.0</td><td>17.2</td></tr><tr><td>July.</td><td>5.4</td><td>3.4</td><td>-</td><td>-</td><td>28.6</td><td>12.0</td><td>33.9</td><td>15.4</td></tr><tr><td>Aug.</td><td>3.1</td><td>2.0</td><td>-</td><td>-</td><td>22.8</td><td>9.7</td><td>25.9</td><td>11.7</td></tr><tr><td>Sept.</td><td>3.0</td><td>2.0</td><td>-</td><td>-</td><td>17.8</td><td>7.1</td><td>20.8</td><td>9.7</td></tr></table>
1/ Acquired at 64.64+ cents per fine ounce until April 9, 1935; at 71.11+ cents per fine ounce from that date until April 23, 1935; at 71.57+ cents from April 23, 1935 to December 31, 1937; at 64.64+ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11+ cents since July 1, 1939.
2/ Acquired at 50.01 cents per fine ounce. Exec. Proc. of August 9, 1934, repealed April 28, 1938.
3/ Acquired at various prices averaging approximately 52+ cents per ounce.
Silver Production, by Leading Countries
(In thousands of fine ounces) 1/
<table><tr><th>Calendar year or month</th><th>United States</th><th>Canada 2/</th><th>Mexico</th><th>Peru</th><th>Other America</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India</th><th>Other Asia</th><th>Africa</th><th>Total for world</th></tr><tr><td>1933</td><td>22,821</td><td>16,395</td><td>68,101</td><td>6,761</td><td>10,819</td><td>14,769</td><td>11,553</td><td>6,680</td><td>6,080</td><td>1,104</td><td>4,076</td><td>169,159</td></tr><tr><td>1934</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>14,891</td><td>11,257</td><td>7,863</td><td>5,818</td><td>1,178</td><td>4,722</td><td>190,398</td></tr><tr><td>1935</td><td>45,613</td><td>17,743</td><td>75,589</td><td>17,433</td><td>12,788</td><td>17,199</td><td>12,434</td><td>9,706</td><td>5,850</td><td>1,219</td><td>5,130</td><td>220,704</td></tr><tr><td>1936</td><td>63,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>19,703</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td><td>253,696</td></tr><tr><td>1937</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,663</td><td>20,811</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,883</td><td>4,853</td><td>273,874</td></tr><tr><td>1938</td><td>58,736</td><td>22,445</td><td>81,017</td><td>19,356</td><td>17,340</td><td>20,355</td><td>14,767</td><td>10,175</td><td>5,920 3/</td><td>3,535</td><td>4,783</td><td>258,429</td></tr><tr><td>1938-Aug</td><td>5,596</td><td>2,528</td><td>9,224</td><td>1,775</td><td>1,450</td><td>1,700</td><td>1,352</td><td>845°</td><td>490</td><td>265</td><td>394</td><td>25,619</td></tr><tr><td>Sept</td><td>5,073</td><td>2,202</td><td>4,486</td><td>1,875</td><td>1,425</td><td>1,700</td><td>1,302</td><td>875°</td><td>490</td><td>250</td><td>386</td><td>20,064</td></tr><tr><td>Oct</td><td>5,441</td><td>2,400</td><td>4,160</td><td>1,800</td><td>1,425</td><td>1,800</td><td>1,084</td><td>875°</td><td>485</td><td>300</td><td>384</td><td>20,154</td></tr><tr><td>Nov</td><td>2,879</td><td>2,023</td><td>2,781</td><td>1,750</td><td>1,500</td><td>1,800</td><td>1,327</td><td>875°</td><td>480</td><td>350</td><td>394</td><td>16,159</td></tr><tr><td>Dec</td><td>4,624</td><td>1,552</td><td>4,922</td><td>1,850</td><td>1,500</td><td>1,800</td><td>1,160</td><td>875°</td><td>485</td><td>350</td><td>393</td><td>19,511</td></tr><tr><td>1939-Jan</td><td>4,669</td><td>1,575</td><td>4,281</td><td>1,825</td><td>1,500</td><td>1,800</td><td>1,324</td><td>875°</td><td>485</td><td>370</td><td>404</td><td>19,108</td></tr><tr><td>Feb</td><td>5,268</td><td>1,454</td><td>6,794</td><td>1,700</td><td>1,500</td><td>1,800</td><td>1,169</td><td>875°</td><td>485</td><td>400</td><td>377</td><td>21,822</td></tr><tr><td>Mar</td><td>5,067</td><td>1,637</td><td>4,906</td><td>1,650</td><td>1,500</td><td>1,800</td><td>1,242</td><td>875°</td><td>585</td><td>400</td><td>408</td><td>20,070</td></tr><tr><td>Apr</td><td>5,336</td><td>1,411</td><td>2,515</td><td>1,500</td><td>1,450</td><td>1,780</td><td>1,225</td><td>875°</td><td>585</td><td>380</td><td>412</td><td>17,469</td></tr><tr><td>May</td><td>3,701</td><td>1,559</td><td>4,586</td><td>1,475</td><td>1,500</td><td>1,800</td><td>1,277</td><td>875°</td><td>585</td><td>400</td><td>439</td><td>18,197</td></tr><tr><td>June</td><td>5,493</td><td>1,766</td><td>10,274</td><td>1,550</td><td>1,550</td><td>1,850</td><td>1,329</td><td>875°</td><td>585</td><td>380</td><td>470</td><td>26,122</td></tr><tr><td>July</td><td>3,200</td><td>2,099</td><td>8,004</td><td>1,569</td><td>1,600</td><td>1,850</td><td>1,312</td><td>875°</td><td>485</td><td>380</td><td>450</td><td>21,824</td></tr><tr><td>Aug</td><td>4,226</td><td>2,703</td><td>5/</td><td>1,600</td><td>1,650</td><td>1,875</td><td>1,220</td><td>875°</td><td>480</td><td>400</td><td>470</td><td>5/</td></tr></table>
1/ Annual Reports of the Director of the Mint for annual figures through 1937. Releases of American Bureau of Metal Statistics for monthly figures, and 1938 estimate.
2/ Includes Newfoundland.
3/ Includes Chosen and Taiwan.
4/ Burma, refined silver.
5/ Not yet reported.
* No longer reported. Estimated at about previous rate.
47
Net Movement of Silver to and from the United States
(In thousands of dollars - as reported by U. S. Department of Commerce)
<table><tr><th>Calendar year and month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>381</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>30,303</td><td>-7,451</td><td>968</td><td>5,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 2/</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,381</td><td>2,858</td></tr><tr><td>1938-Sept</td><td>15,301</td><td>4,300 3/</td><td>809</td><td>1,956</td><td>-1,250</td><td>30</td><td>978</td><td>173</td></tr><tr><td>Oct.</td><td>10,169</td><td>46</td><td>663</td><td>2,767</td><td>-993</td><td>46</td><td>498</td><td>312</td></tr><tr><td>Nov.</td><td>15,778</td><td>4,310 3/</td><td>708</td><td>2,635</td><td>-695</td><td>33</td><td>631</td><td>277</td></tr><tr><td>Dec.</td><td>17,075</td><td>31</td><td>742</td><td>1,876</td><td>-1,200</td><td>36</td><td>708</td><td>239</td></tr><tr><td>1939-Jan</td><td>5,105</td><td>20</td><td>485</td><td>2,737</td><td>-1,243</td><td>45</td><td>739</td><td>219</td></tr><tr><td>Feb.</td><td>4,083</td><td>-4</td><td>372</td><td>2,635</td><td>-1,093</td><td>38</td><td>491</td><td>236</td></tr><tr><td>Mar.</td><td>324</td><td>8</td><td>547</td><td>3,112</td><td>-750</td><td>42</td><td>759</td><td>284</td></tr><tr><td>Apr.</td><td>1,104</td><td>19</td><td>263</td><td>3,194</td><td>-1,250</td><td>38</td><td>582</td><td>223</td></tr><tr><td>May.</td><td>1,017</td><td>13</td><td>545</td><td>3,225</td><td>-492</td><td>17</td><td>494</td><td>321</td></tr><tr><td>June.</td><td>3,038</td><td>12</td><td>899</td><td>3,702</td><td>-</td><td>63</td><td>574</td><td>252</td></tr><tr><td>July.</td><td>434</td><td>15</td><td>799</td><td>1,641</td><td>5</td><td>67</td><td>516</td><td>404</td></tr><tr><td>Aug.</td><td>485</td><td>17</td><td>775</td><td>1,773</td><td>11</td><td>210</td><td>422</td><td>361</td></tr><tr><td>Sept.</td><td>-584</td><td>-93</td><td>786</td><td>2,326</td><td>15</td><td>124</td><td>548</td><td>123</td></tr></table>
<table><tr><th>Calendar year and month</th><th>British India</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 ½</td><td>617</td><td>223,449</td></tr><tr><td>1938-Sept</td><td>-</td><td>-</td><td>2</td><td>149</td><td>166</td><td>19</td><td>22,635</td></tr><tr><td>Oct.</td><td>-</td><td>-</td><td>-</td><td>171</td><td>10,065 ½</td><td>70</td><td>23,813</td></tr><tr><td>Nov.</td><td>43</td><td>-</td><td>54</td><td>305</td><td>75</td><td>9</td><td>24,163</td></tr><tr><td>Dec.</td><td>61</td><td>-</td><td>-</td><td>413</td><td>204</td><td>4</td><td>20,189</td></tr><tr><td>1939-Jan.</td><td>1/</td><td>-</td><td>-</td><td>270</td><td>146</td><td>134</td><td>8,658</td></tr><tr><td>Feb.</td><td>43</td><td>-</td><td>2</td><td>630</td><td>432</td><td>8</td><td>7,874</td></tr><tr><td>Mar.</td><td>250</td><td>-</td><td>-</td><td>502</td><td>160</td><td>44</td><td>5,284</td></tr><tr><td>Apr.</td><td>86</td><td>-</td><td>-</td><td>588</td><td>217</td><td>25</td><td>5,089</td></tr><tr><td>May.</td><td>-</td><td>-</td><td>-</td><td>270</td><td>121</td><td>9</td><td>5,540</td></tr><tr><td>June.</td><td>43</td><td>-</td><td>5,319</td><td>326</td><td>228</td><td>6</td><td>14,467</td></tr><tr><td>July.</td><td>-</td><td>-</td><td>-</td><td>635</td><td>216</td><td>158</td><td>4,891</td></tr><tr><td>Aug.</td><td>-35</td><td>-</td><td>-</td><td>155</td><td>119</td><td>75</td><td>3,428</td></tr><tr><td>Sept.</td><td>-203</td><td>-</td><td>-</td><td>161</td><td>55</td><td>89</td><td>3,347</td></tr></table>
1. Less than $500.
2. Includes net import of $12,950,000 from France.
3. Figures for July, Sept. and Nov. 1938 include net imports from France of $4,301,000, $4,300,000 and $4,301,000 respectively.
4. Includes net import of $9,791,000 from Siam.
Seigniorage on Silver
(In millions of dollars - on basis of daily Treasury statement)
<table><tr><th>Cumulative from Jan. 1, 1934 to end of Calendar year or month</th><th>Seigniorage on silver and minor coins</th><th>Misc. silver (Iact. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Prac. Dec. 21,1933)</th><th>Newly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalised silver (Proc. of Aug. 9, 1934)</th><th>Total Seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in General Fund</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>137.5</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>276.7</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>398.4</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>543.9</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>713.9</td></tr><tr><td>1939-Jan.</td><td>69.9</td><td>48.7</td><td>76.0</td><td>-</td><td>468.0</td><td>34.7</td><td>627.4</td><td>790.0</td></tr><tr><td>Feb.</td><td>70.2</td><td>48.7</td><td>77.4</td><td>-</td><td>473.1</td><td>34.7</td><td>633.9</td><td>809.8</td></tr><tr><td>Mar.</td><td>70.7</td><td>48.7</td><td>79.0</td><td>-</td><td>480.3</td><td>34.7</td><td>642.7</td><td>825.1</td></tr><tr><td>Apr.</td><td>71.0</td><td>48.7</td><td>80.1</td><td>-</td><td>486.8</td><td>34.7</td><td>650.3</td><td>844.0</td></tr><tr><td>May.</td><td>71.9</td><td>48.7</td><td>81.2</td><td>-</td><td>493.1</td><td>34.7</td><td>657.7</td><td>859.7</td></tr><tr><td>June</td><td>73.4</td><td>48.7</td><td>82.9</td><td>-</td><td>501.6</td><td>34.7</td><td>667.9</td><td>879.0</td></tr><tr><td>July.</td><td>74.7</td><td>48.7</td><td>84.3</td><td>-</td><td>509.5</td><td>34.7</td><td>677.2</td><td>897.5</td></tr><tr><td>Aug.</td><td>76.1</td><td>48.7</td><td>85.0</td><td>-</td><td>514.7</td><td>34.7</td><td>683.1</td><td>914.5</td></tr><tr><td>Sept.</td><td>80.1</td><td>48.7</td><td>85.3</td><td>.6</td><td>519.3</td><td>34.7</td><td>688.6</td><td>926.4</td></tr></table>
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
48
Value of Selected Currencies in Terms of Gold
1928 = 100
<table><tr><th>Monthly average of daily quotations</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Nether-lande</th><th>Switser-land</th><th>Belgium</th><th>Japan</th><th>Italy</th><th>China 1/</th></tr><tr><td>1931-Dec</td><td>100</td><td>69</td><td>100</td><td>100</td><td>101</td><td>100</td><td>87</td><td>97</td><td>53</td></tr><tr><td>1932-Dec</td><td>100</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>42</td><td>97</td><td>43</td></tr><tr><td>1933-Dec</td><td>64</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>39</td><td>100</td><td>47</td></tr><tr><td>1934-Dec</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>100</td><td>34</td><td>96</td><td>45</td></tr><tr><td>1935-Dec</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>72</td><td>34</td><td>91</td><td>39</td></tr><tr><td>1936-Dec</td><td>59</td><td>60</td><td>70</td><td>80</td><td>70</td><td>72</td><td>34</td><td>59</td><td>39</td></tr><tr><td>1937-Dec</td><td>59</td><td>61</td><td>51</td><td>82</td><td>71</td><td>72</td><td>34</td><td>59</td><td>39</td></tr><tr><td>1938-Sept</td><td>59</td><td>58</td><td>41</td><td>79</td><td>69</td><td>72</td><td>33</td><td>59</td><td>22</td></tr><tr><td>Oct</td><td>59</td><td>58</td><td>50</td><td>80</td><td>70</td><td>72</td><td>33</td><td>59</td><td>21</td></tr><tr><td>Nov</td><td>59</td><td>57</td><td>46</td><td>80</td><td>69</td><td>72</td><td>33</td><td>59</td><td>21</td></tr><tr><td>Dec</td><td>59</td><td>57</td><td>46</td><td>80</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>1939-Jan</td><td>59</td><td>57</td><td>46</td><td>80</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>Feb</td><td>59</td><td>57</td><td>46</td><td>79</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>Mar</td><td>59</td><td>57</td><td>46</td><td>78</td><td>69</td><td>71</td><td>32</td><td>59</td><td>21</td></tr><tr><td>Apr</td><td>59</td><td>57</td><td>46</td><td>78</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>May</td><td>59</td><td>57</td><td>46</td><td>79</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>June</td><td>59</td><td>57</td><td>46</td><td>78</td><td>69</td><td>72</td><td>32</td><td>59</td><td>18</td></tr><tr><td>July</td><td>59</td><td>57</td><td>46</td><td>78</td><td>69</td><td>72</td><td>32</td><td>59</td><td>14</td></tr><tr><td>Aug</td><td>59</td><td>56</td><td>39</td><td>79</td><td>69</td><td>72</td><td>32</td><td>59</td><td>9</td></tr><tr><td>Sept</td><td>59</td><td>48</td><td>34</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>9</td></tr></table>
1/ Average exchange rate for January 1928 = 100.
Indexes of Prices of 40 Foreign Currencies in New York
1935 = 100
<table><tr><th></th><th>Un-weighted (i.e. equal weights)</th><th>Weighted by U. S. exports</th><th>Weighted by U. S. imports</th><th>Weighted according to total foreign trade of each country included</th></tr><tr><td>1935</td><td>100</td><td>100</td><td>100</td><td>100</td></tr><tr><td>1936</td><td>97</td><td>99</td><td>99</td><td>98</td></tr><tr><td>1937</td><td>91</td><td>94</td><td>96</td><td>92</td></tr><tr><td>1938</td><td>88</td><td>91</td><td>93</td><td>88</td></tr><tr><td>1938-Sept.</td><td>86</td><td>90</td><td>91</td><td>86</td></tr><tr><td>Oct.</td><td>86</td><td>89</td><td>91</td><td>85</td></tr><tr><td>Nov.</td><td>85</td><td>89</td><td>90</td><td>85</td></tr><tr><td>Dec.</td><td>85</td><td>88</td><td>90</td><td>84</td></tr><tr><td>1939-Jan.</td><td>85</td><td>88</td><td>90</td><td>84</td></tr><tr><td>Feb.</td><td>86</td><td>90</td><td>91</td><td>85</td></tr><tr><td>Mar.</td><td>86</td><td>90</td><td>91</td><td>85</td></tr><tr><td>Apr.</td><td>86</td><td>90</td><td>91</td><td>85</td></tr><tr><td>May.</td><td>86</td><td>89</td><td>90</td><td>85</td></tr><tr><td>June.</td><td>86</td><td>89</td><td>91</td><td>85</td></tr><tr><td>July.</td><td>86</td><td>89</td><td>90</td><td>84</td></tr><tr><td>Aug.</td><td>85 1/2</td><td>88</td><td>89</td><td>83</td></tr><tr><td>Sept.</td><td>80</td><td>81</td><td>84</td><td>78</td></tr></table>
Revised.
Indexes of Prices of 40 Foreign Currencies in New York, London, Paris and Tokyo
1935 = 100
<table><tr><th rowspan="2"></th><th colspan="4">Unweighted (1. e. equal weights)</th><th colspan="4">Weighted according to total foreign trade of each country included in the index</th></tr><tr><th>New York</th><th>London</th><th>Parle</th><th>Tokyo</th><th>New York</th><th>London</th><th>Parle</th><th>Tokyo</th></tr><tr><td>1935</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td></tr><tr><td>1936</td><td>97</td><td>96</td><td>105</td><td>96</td><td>98</td><td>96</td><td>107</td><td>97</td></tr><tr><td>1937</td><td>91</td><td>90</td><td>150</td><td>91</td><td>92</td><td>91</td><td>156</td><td>93</td></tr><tr><td>1938</td><td>88</td><td>88</td><td>204</td><td>88</td><td>88</td><td>88</td><td>212</td><td>90</td></tr><tr><td>1938-Sept....</td><td>86</td><td>88</td><td>214</td><td>88</td><td>86</td><td>87</td><td>222</td><td>89</td></tr><tr><td>Oct.</td><td>86</td><td>88</td><td>216</td><td>89</td><td>85</td><td>87</td><td>224</td><td>90</td></tr><tr><td>Nov.</td><td>85</td><td>89</td><td>217</td><td>89</td><td>85</td><td>88</td><td>225</td><td>90</td></tr><tr><td>Dec.</td><td>85</td><td>89</td><td>216</td><td>90</td><td>84</td><td>89</td><td>225</td><td>91</td></tr><tr><td>1939-Jan....</td><td>85</td><td>89</td><td>216</td><td>89</td><td>84</td><td>88</td><td>223</td><td>90</td></tr><tr><td>Feb.</td><td>85</td><td>90</td><td>219</td><td>91</td><td>85</td><td>89</td><td>225</td><td>91</td></tr><tr><td>Mar.</td><td>86</td><td>90</td><td>218</td><td>91</td><td>85</td><td>89</td><td>225</td><td>91</td></tr><tr><td>Apr.</td><td>86</td><td>90</td><td>218</td><td>91</td><td>85</td><td>89</td><td>225</td><td>91</td></tr><tr><td>May.</td><td>86</td><td>90</td><td>217</td><td>90</td><td>85</td><td>89</td><td>225</td><td>91</td></tr><tr><td>June....</td><td>86</td><td>88</td><td>212</td><td>88</td><td>85</td><td>89</td><td>225</td><td>91</td></tr><tr><td>July....</td><td>86</td><td>87</td><td>211</td><td>88</td><td>84</td><td>88</td><td>222</td><td>90</td></tr><tr><td>Aug.</td><td>85 1/2</td><td>88 1/2</td><td>212 1/2</td><td>88 1/2</td><td>83</td><td>89 1/2</td><td>223</td><td>91 1/2</td></tr><tr><td>Sept....</td><td>80</td><td>96</td><td>231</td><td>96</td><td>78</td><td>98</td><td>245</td><td>99</td></tr></table>
1/ Revised.
49
Ratios of Index of Wholesale Prices in 39 Countries to Index of Wholesale Prices in the United States
Ratios of Index of Wholesale Prices in 39 Countries to Index of Wholesale Prices in the United States, the United Kingdom, France, and Japan
1935 = 100
1935 - 100
<table><tr><th></th><th>Un-weighted (i.e. equal weights)</th><th>Weighted by U.S. exports</th><th>Weighted by U.S. imports</th><th>Weighted according to total foreign trade of each country included</th><th colspan="4">Unweighted (i.e. equal weights)</th><th colspan="4">Weighted according to total foreign trade of each country included in the index</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>United States</th><th>United Kingdom</th><th>France</th><th>Japan</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Japan</th></tr><tr><td>1935</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td><td>100</td></tr><tr><td>1936</td><td>105</td><td>105</td><td>105</td><td>105</td><td>105</td><td>99</td><td>87</td><td>99</td><td>105</td><td>99</td><td>86</td><td>99</td></tr><tr><td>1937</td><td>112</td><td>114</td><td>114</td><td>114</td><td>112</td><td>98</td><td>69</td><td>93</td><td>114</td><td>99</td><td>69</td><td>95</td></tr><tr><td>1938</td><td>122</td><td>124</td><td>123</td><td>126</td><td>122</td><td>105</td><td>61</td><td>88</td><td>126</td><td>107</td><td>60</td><td>89</td></tr><tr><td>1938-July</td><td>121</td><td>124</td><td>123</td><td>125</td><td>121</td><td>105</td><td>61</td><td>86</td><td>125</td><td>107</td><td>60</td><td>87</td></tr><tr><td>Aug.</td><td>122</td><td>124</td><td>123</td><td>126</td><td>122</td><td>107</td><td>61</td><td>87</td><td>126</td><td>108</td><td>60</td><td>88</td></tr><tr><td>Sept.</td><td>122</td><td>123</td><td>122</td><td>125</td><td>122</td><td>108</td><td>61</td><td>87</td><td>125</td><td>110</td><td>59</td><td>88</td></tr><tr><td>Oct.</td><td>124</td><td>125</td><td>124</td><td>127</td><td>124</td><td>107</td><td>60</td><td>87</td><td>127</td><td>109</td><td>58</td><td>88</td></tr><tr><td>Nov.</td><td>124</td><td>125</td><td>124</td><td>127</td><td>124</td><td>108</td><td>59</td><td>87</td><td>127</td><td>110</td><td>57</td><td>87</td></tr><tr><td>Dec.</td><td>125</td><td>126</td><td>125</td><td>128</td><td>125</td><td>108</td><td>58</td><td>86</td><td>128</td><td>110</td><td>56</td><td>87</td></tr><tr><td>1939-Jan.</td><td>125</td><td>126</td><td>125</td><td>128</td><td>125</td><td>110</td><td>58</td><td>85</td><td>128</td><td>112</td><td>56</td><td>85</td></tr><tr><td>Feb.</td><td>125</td><td>126</td><td>126</td><td>128</td><td>125</td><td>110 1/2</td><td>58</td><td>84</td><td>128</td><td>112</td><td>56</td><td>84</td></tr><tr><td>Mar.</td><td>126</td><td>127</td><td>127</td><td>129</td><td>126 1/2</td><td>111</td><td>59</td><td>84</td><td>129</td><td>113</td><td>57</td><td>83</td></tr><tr><td>Apr.</td><td>127</td><td>128</td><td>127 1/2</td><td>130</td><td>127</td><td>111</td><td>60</td><td>84</td><td>130</td><td>112</td><td>57</td><td>83</td></tr><tr><td>May</td><td>128 1/2</td><td>128</td><td>128 1/2</td><td>130</td><td>128</td><td>110</td><td>59</td><td>83</td><td>131 1/2</td><td>112</td><td>57</td><td>82</td></tr><tr><td>June</td><td>129</td><td>130</td><td>130</td><td>131</td><td>129</td><td>110</td><td>59</td><td>83</td><td>131</td><td>110</td><td>56</td><td>82 1/2</td></tr><tr><td>July</td><td>129</td><td>130</td><td>130</td><td>131</td><td>129</td><td>110</td><td>60</td><td>83</td><td>131</td><td>110</td><td>56</td><td>81</td></tr></table>
Preliminary 1/ Revised.
Preliminary. 1/ Revised.
MISCELLANEOUS
50
51
Commodities Imported under Quota Provisions During Quota Periods Other than Calendar Years
(Preliminary figures)
<table><tr><th colspan="3">White or Irish potatoes</th><th colspan="2">Red cedar shingles</th><th colspan="2">Cordage from Philippines</th></tr><tr><th></th><th>Certified seed (pound)</th><th>Other (pound)</th><th></th><th>(square)</th><th></th><th>(pound)</th></tr><tr><td>Established quota</td><td>90,000,000</td><td>60,000,000</td><td>Established quota</td><td>1,051,168</td><td>Established quota</td><td>6,000,000</td></tr><tr><td>Quota period - 12 months from Sept. 15</td><td colspan="2"></td><td>Quota period 6 months from Jan. 1</td><td colspan="2">Quota period 12 months from May 1</td><td></td></tr><tr><td>Imports within quota limitation, by months:</td><td colspan="2"></td><td>Imports within quota limitation, by months:</td><td colspan="2">Imports within quota limitation, by months:</td><td></td></tr><tr><td>1938-Sept. 15 to 30</td><td>157,950</td><td>60</td><td>1939-Jan.</td><td>335,355</td><td>1939-May.</td><td>220,523</td></tr><tr><td>Oct.</td><td>7,203,961</td><td>6,684</td><td>Feb.</td><td>228,166</td><td>June</td><td>184,207</td></tr><tr><td>Nov.</td><td>6,402,809</td><td>19,710</td><td>Mar.</td><td>264,911</td><td colspan="2"></td><td></td></tr><tr><td>Dec.</td><td>2,485,715</td><td>36,836</td><td>Apr. 1/</td><td>222,736</td><td>July</td><td>376,646</td></tr><tr><td>1939-Jan.</td><td>1,756,703</td><td>2,062</td><td colspan="2"></td><td>Aug.</td><td>393,000</td></tr><tr><td>Feb.</td><td>1,348,404</td><td>52,557</td><td colspan="2"></td><td>Sept.</td><td>343,846</td></tr><tr><td>Mar.</td><td>33,293,797</td><td>708,445</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>Apr.</td><td>6,300,452</td><td>123,784</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>May.</td><td>768,311</td><td>232,889</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>June.</td><td>40,628</td><td>5,773</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>July.</td><td>-</td><td>82,879</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>Aug.</td><td>-</td><td>6,867</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>Sept. 1 to 14.</td><td>-</td><td>5,048</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>Total</td><td>59,758,730</td><td>1,283,594</td><td colspan="2"></td><td colspan="2"></td><td></td></tr><tr><td>Sept. 15 to 30</td><td>215,000</td><td>1,079</td><td colspan="2"></td><td colspan="2"></td><td></td></tr></table>
1/ Import quota filled April 14, 1939. The trade agreement with Canada of November 15, 1938, came definitely into full force on June 17, 1939, therefore, the import quota on this commodity ceased to be in effect thereafter.
Commodities Imported under Quota Provisions During Quota Periods Based on Calendar Years
(Preliminary figures)
<table><tr><th rowspan="2"></th><th colspan="4">Cattle Weighing -</th><th rowspan="2">Cream fresh or sour (Gallon)</th><th rowspan="2">Whole milk fresh or sour (Gallon)</th><th rowspan="2">Fish, fresh or frozen, filleted etc.- Cod, Haddock, Hake, Pollock, Cusk and Rosefish (Pound)</th><th colspan="3">Products of Philippine Islands</th></tr><tr><th>Less than 200 pounds (Head)</th><th>700 pounds or more each other than dairy cows Total (Head)</th><th>From Canada (Head)</th><th>From other countries (Head)</th><th>Coconut Oil (Pound)</th><th colspan="2">Cane Sugar</th></tr><tr><td>Established quota: Calendar year</td><td>100,000</td><td>225,000</td><td>1/</td><td>1/</td><td>1,500,000</td><td>3,000,000</td><td>15,000,000</td><td>448,000,000</td><td>112,000,000</td><td>1,792,000,000</td></tr><tr><td>Imports within quota limitation by months:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-Jan.</td><td>5,723</td><td>57,575</td><td>30,574</td><td>27,001</td><td>86</td><td>407</td><td>1,064,901</td><td>26,885,197</td><td>1,198,779</td><td>80,341,856</td></tr><tr><td>Feb.</td><td>9,526</td><td>2,425 2/</td><td>2,337</td><td>88</td><td>14</td><td>398</td><td>1,187,139</td><td>20,354,521</td><td>8,991,734</td><td>139,357,404</td></tr><tr><td>Mar.</td><td>16,646</td><td>-</td><td>-</td><td>-</td><td>133</td><td>498</td><td>998,734</td><td>41,736,498</td><td>5,107,989</td><td>168,683,878</td></tr><tr><td>Apr.</td><td>14,966</td><td>38,940</td><td>30,660</td><td>8,280 3/</td><td>49</td><td>490</td><td>496,642</td><td>22,818,683</td><td>15,999,791</td><td>242,980,098</td></tr><tr><td>May.</td><td>16,282</td><td>20,287</td><td>20,287</td><td>-</td><td>177</td><td>571</td><td>533,540</td><td>40,298,068</td><td>16,789,739</td><td>210,304,560</td></tr><tr><td>June.</td><td>12,886</td><td>24</td><td>24</td><td>-</td><td>150</td><td>551</td><td>675,559</td><td>35,481,502</td><td>21,155,336</td><td>236,059,584</td></tr><tr><td>July.</td><td>13,984</td><td>33,556</td><td>26,467</td><td>7,089</td><td>219</td><td>731</td><td>784,897</td><td>21,186,545</td><td>4,474,482</td><td>240,735,933</td></tr><tr><td>Aug.</td><td>8,130</td><td>17,032</td><td>16,580</td><td>452</td><td>327</td><td>818</td><td>608,903</td><td>34,003,335</td><td>9,035,961</td><td>127,155,680</td></tr><tr><td>Sept.</td><td>1,857 4/</td><td>8,152</td><td>7,866</td><td>286</td><td>158</td><td>863</td><td>1,689,555</td><td>10,989,296</td><td>10,553,833</td><td>133,574,488</td></tr></table>
1/ A tariff rate quota of 60,000 head was established for the first quarter of 1939 without any allocation between Canada and other countries. Tariff rate quotas of 60,000 head have been established for the second and third quarters of 1939, allocating 51,720 head to Canada and 8,280 head to other countries.
2/ Tariff rate quota for first quarter filled February 2, 1939.
3/ Tariff rate quota for countries other than Canada for second quarter filled April 13, 1939.
4/ Preliminary reports show tariff rate quota for calendar year filled during week ended September 16, 1939.
52
Summary of Criminal Cases in the United States District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal Revenue 1/ for the month of Aug. 1939
INVENTORY OF CASES
<table><tr><th>Bureau</th><th>Cases pending first of month</th><th>New cases</th><th>Cases closed</th><th>Cases pending end of month</th><th>Net change in pending cases</th></tr><tr><td>Total......</td><td>19,982</td><td>3,333</td><td>1,317</td><td>21,998</td><td>+2,016</td></tr><tr><td>Alcohol Tax.</td><td>15,875</td><td>2,412</td><td>824</td><td>17,463</td><td>+1,588</td></tr><tr><td>Customs....</td><td>308</td><td>48</td><td>32</td><td>324</td><td>+16</td></tr><tr><td>Narcotics...</td><td>2,413</td><td>569</td><td>311</td><td>2,671</td><td>+258</td></tr><tr><td>Secret Service... internal Revenue...</td><td>990</td><td>284</td><td>139</td><td>1,135</td><td>+145</td></tr><tr><td></td><td>396</td><td>20</td><td>11</td><td>405</td><td>+9</td></tr></table>
DISPOSITIONS
<table><tr><th>Bureau</th><th>Number cases closed</th><th>Number cases transferred 2/</th><th colspan="4">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th></th><th></th><th></th><th>Before indict.</th><th>After indict.</th><th>Acquittale</th><th>Total</th><th>Found guilty</th><th>Plead guilty</th><th>Total</th></tr><tr><td>Total......</td><td>1,317</td><td>92</td><td>25%</td><td>9%</td><td>4%</td><td>38%</td><td>10%</td><td>52%</td><td>62%</td></tr><tr><td>Alcohol Tax.</td><td>824</td><td>48</td><td>31%</td><td>8%</td><td>5%</td><td>44%</td><td>12%</td><td>44%</td><td>56%</td></tr><tr><td>Customs 3/.</td><td>32</td><td>1</td><td>23%</td><td>29%</td><td>-</td><td>52%</td><td>3%</td><td>45%</td><td>48%</td></tr><tr><td>Narcotics 3/ Secret</td><td>311</td><td>22</td><td>5%</td><td>13%</td><td>1%</td><td>19%</td><td>8%</td><td>73%</td><td>81%</td></tr><tr><td>Service... Internal Revenue...</td><td>139</td><td>21</td><td>19%</td><td>6%</td><td>2%</td><td>27%</td><td>3%</td><td>70%</td><td>73%</td></tr><tr><td></td><td>11</td><td>-</td><td>4/</td><td>4/</td><td>4/</td><td>4/</td><td>4/</td><td>4/</td><td>4/</td></tr></table>
SENTENCES
<table><tr><th>Bureau</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prosecuted</th><th>Percent fined</th><th>Average day imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>Total</td><td>710</td><td>54%</td><td>43%</td><td>27%</td><td>556</td><td>474</td><td>92,452</td></tr><tr><td>Alcohol Tax</td><td>436</td><td>46%</td><td>44%</td><td>30%</td><td>336</td><td>391</td><td>51,285</td></tr><tr><td>Customs</td><td>15</td><td>40%</td><td>47%</td><td>40%</td><td>747</td><td>2,892</td><td>17,351</td></tr><tr><td>Narcotics</td><td>167</td><td>68%</td><td>43%</td><td>13%</td><td>789</td><td>565</td><td>12,420</td></tr><tr><td>Secret Service</td><td>86</td><td>71%</td><td>35%</td><td>35%</td><td>849</td><td>47</td><td>1,396</td></tr><tr><td>Internal Revenue</td><td>6</td><td>4/4/</td><td>4/4/</td><td>4/4/</td><td>198</td><td>1,667</td><td>10,000</td></tr></table>
1/ Internal revenue cases are those referred by the Penal Division to the Department of Justice with recommendation for criminal prosecution.
2/ Includes cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions. These cases are not included in calculating percentages.
3/ Cases in which no arrests were made are not included in calculating percentages.
4/ Too few cases to show comparative percentages.
Treasury Criminal Cases, by Months
Total Alcohol Tax, Customs, Narcotics, Secret Service, Internal Revenue 1/
INVENTORY OF CASES
<table><tr><th>Date</th><th>Cases pending first of month</th><th>New cases</th><th>Cases closed</th><th>Cases pending end of month</th><th>Net change in pending cases</th></tr><tr><td>1939-Mar...</td><td>21,316</td><td>3,702</td><td>3,835</td><td>21,183</td><td>-133</td></tr><tr><td>Apr...</td><td>21,183</td><td>3,168</td><td>3,761</td><td>20,590</td><td>-593</td></tr><tr><td>May...</td><td>20,590</td><td>3,360</td><td>4,624</td><td>19,326</td><td>-1,264</td></tr><tr><td>June...</td><td>19,326</td><td>3,325</td><td>3,657</td><td>18,994</td><td>-332</td></tr><tr><td>July...</td><td>18,994</td><td>2,906</td><td>1,918</td><td>19,982</td><td>+988</td></tr><tr><td>Aug...</td><td>19,982</td><td>3,333</td><td>1,317</td><td>21,998</td><td>+2,016</td></tr></table>
DISPOSITIONS 2/
<table><tr><th>Date</th><th>Number cases closed</th><th>Number cases transferred 3/</th><th colspan="3">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th></th><th></th><th></th><th>Before indict.</th><th>After indict.</th><th>Acquit-tale</th><th>Total</th><th>Found guilty</th><th>Plead guilty</th><th>Total</th></tr><tr><td>1939-Mar...</td><td>3,835</td><td>181</td><td>16%</td><td>9%</td><td>4%</td><td>29%</td><td>7%</td><td>84%</td><td>71%</td></tr><tr><td>Apr...</td><td>3,761</td><td>193</td><td>16%</td><td>9%</td><td>3%</td><td>28%</td><td>8%</td><td>64%</td><td>72%</td></tr><tr><td>May...</td><td>4,624</td><td>163</td><td>16%</td><td>6%</td><td>5%</td><td>27%</td><td>7%</td><td>66%</td><td>73%</td></tr><tr><td>June...</td><td>3,657</td><td>177</td><td>18%</td><td>8%</td><td>3%</td><td>29%</td><td>7%</td><td>64%</td><td>71%</td></tr><tr><td>July...</td><td>1,918</td><td>96</td><td>26%</td><td>14%</td><td>2%</td><td>42%</td><td>4%</td><td>54%</td><td>58%</td></tr><tr><td>Aug...</td><td>1,317</td><td>92</td><td>25%</td><td>9%</td><td>4%</td><td>38%</td><td>10%</td><td>52%</td><td>62%</td></tr></table>
SENTENCES
<table><tr><th>Date</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prosecuted</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>1939-Mar...</td><td>2,501</td><td>62%</td><td>37%</td><td>28%</td><td>430</td><td>310</td><td>216,448</td></tr><tr><td>Apr...</td><td>2,490</td><td>61%</td><td>36%</td><td>33%</td><td>410</td><td>401</td><td>330,869</td></tr><tr><td>May...</td><td>3,212</td><td>61%</td><td>37%</td><td>30%</td><td>385</td><td>361</td><td>350,069</td></tr><tr><td>June...</td><td>2,393</td><td>60%</td><td>40%</td><td>29%</td><td>428</td><td>423</td><td>289,057</td></tr><tr><td>July...</td><td>1,001</td><td>60%</td><td>39%</td><td>28%</td><td>365</td><td>277</td><td>77,247</td></tr><tr><td>Aug...</td><td>710</td><td>54%</td><td>43%</td><td>27%</td><td>556</td><td>474</td><td>92,452</td></tr></table>
1/ Internal revenue cases are those referred by the Penal Division to the Department of Justice with recommendation for criminal prosecution.
2/ Narcotic and customs cases in which no arrests were made are not included in calculating percentages.
3/ Includes cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions. These cases are not included in calculating percentages.
* Revised figure.
<table><tr><td>Treas.</td><td>U.S. Treasury Dept.</td></tr><tr><td>HJ</td><td>Treasury Bulletin</td></tr><tr><td>10</td><td></td></tr><tr><td>.A2</td><td></td></tr><tr><td>1939</td><td></td></tr><tr><td>c.2</td><td></td></tr><tr><td>Treas.</td><td></td></tr><tr><td>HJ</td><td>U.S. Treasury Dept.</td></tr><tr><td>10</td><td></td></tr><tr><td>.A2</td><td>Treasury Bulletin</td></tr><tr><td>AUTHOR</td><td></td></tr><tr><td>1939</td><td></td></tr><tr><td>TITLE</td><td></td></tr><tr><td>c.2</td><td>OCT. DEC.</td></tr><tr><td>DATE LOANED</td><td>BORROWER'S NAME</td><td>PHONE NUMBER</td></tr><tr><td>1971</td><td>W. F. H. L. L. 1</td><td>576-5</td></tr><tr><td></td><td></td><td>555</td></tr><tr><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td></tr></table>