Treas. HJ 10 A2 c.2
LIBRARY DEPARTMENT LIBRARY ROOM 350
Copy 2
LIBRARY ROOM 5030
JUN 21 1972 TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
MAY 1940
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
BULLETIN
OF THE
TREASURY DEPARTMENT
MAY 1940
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
Page
<table><tr><td>Federal Grants to States</td><td>1-6</td></tr><tr><td colspan="2">Receipts and Expenditures</td></tr><tr><td>Fiscal Years 1935-40</td><td>8</td></tr><tr><td>Expenditures by Classes, Receipts by Sources</td><td>9-18</td></tr><tr><td>Social Insurance Accounts</td><td>19-20</td></tr><tr><td>Cash Income and Outgo</td><td>21</td></tr><tr><td colspan="2">General Fund and Public Debt</td></tr><tr><td>Composition of the General Fund</td><td>24</td></tr><tr><td>Treasury Financing Operations</td><td>25-26</td></tr><tr><td>Holdings of Government Obligations</td><td>27</td></tr><tr><td>Net Market Transactions of Treasury Investment Accounts</td><td>27</td></tr><tr><td>Composition of the Public Debt</td><td>27</td></tr><tr><td>Computed Interest and Yields on Public Debt Issues</td><td>29</td></tr><tr><td colspan="2">Government Corporations and Credit Agencies</td></tr><tr><td>Assets, Liabilities and Proprietary Interest</td><td>33</td></tr><tr><td>Sources and Uses of Funds</td><td>34-37</td></tr><tr><td>Issues Outstanding</td><td>38</td></tr><tr><td colspan="2">International Capital Movements</td></tr><tr><td>Summary Table, 1935-39</td><td>40</td></tr><tr><td>Short-term Foreign Assets and Liabilities</td><td>42-45</td></tr><tr><td>Security Transactions and Brokerage Balances</td><td>46-48</td></tr><tr><td>Transactions in U. S. Domestic Securities</td><td>49</td></tr><tr><td>Foreign Exchange Transactions</td><td>51-52</td></tr><tr><td colspan="2">Other Monetary Data</td></tr><tr><td>Gold and Silver</td><td>54-57</td></tr><tr><td>Foreign Exchange</td><td>58</td></tr><tr><td colspan="2">Miscellaneous</td></tr><tr><td>Vessels Cleared from the United States</td><td>60</td></tr><tr><td>Commodities Imported Under Quota</td><td>61</td></tr><tr><td>Law Enforcement Statistics</td><td>62</td></tr></table>
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Table 1 - Regular Federal Grants-in-aid to States
Administrative authority and purpose of grant; year established; appropriation for fiscal year 1940; annual appropriation authorized; basis of apportionment; and matching required of States. 1/ (As of January 1, 1940)
<table><tr><th>Item No.</th><th>Administrative authority: Purpose of grant</th><th>Year established</th><th>Appropriation for fiscal year 1940 2/</th><th>Annual appropriation authorized</th><th>Basis of apportionment</th><th>Matching required of State: Percent of grant</th><th>Citation</th></tr><tr><td colspan="8">(In thousand of dollars)</td></tr><tr><td colspan="2">(1)</td><td>(2)</td><td>(3)</td><td>(4)</td><td>Uniform lump sum per State</td><td>Other bases</td><td>(7)</td><td>(8)</td></tr><tr><td colspan="2">Department of Agriculture</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1a.</td><td>Agricultural experiment stations</td><td>1887</td><td>1,440</td><td>3/</td><td>30</td><td>-</td><td>-</td><td>7 U.S.C., 362; 369; 53 Stat. 943</td></tr><tr><td>1b.</td><td>Agricultural experiment stations</td><td>1925</td><td>2,880 2/</td><td>4/</td><td>60</td><td>-</td><td>-</td><td>7 U.S.C., 370; 53 Stat. 943</td></tr><tr><td>1c.</td><td>Agricultural research 5/</td><td>1935</td><td>2,400</td><td>3,000</td><td>-</td><td>Rural population</td><td>100</td><td>7 U.S.C., supp. IV, 427-427g; 53 Stat. 943</td></tr><tr><td>2a.</td><td>Agricultural extension work</td><td>1914</td><td>4,580 2/</td><td>480</td><td>10</td><td>-</td><td>-</td><td>7 U.S.C., 343; 386e-f</td></tr><tr><td>2b.</td><td>Agricultural extension work 6/</td><td>1928</td><td>1,480</td><td>980</td><td>20</td><td>Rural population</td><td>100</td><td>7 U.S.C., 343a; 53 Stat. 944</td></tr><tr><td>2c.</td><td>Agricultural extension work 6/</td><td>1935</td><td>12,000 2/</td><td>980</td><td>20</td><td>Rural population</td><td>100</td><td>7 U.S.C., supp. IV, 343o; 53 Stat. 944</td></tr><tr><td>2d.</td><td>Agricultural extension work</td><td>1939</td><td>203</td><td>11,020</td><td>-</td><td>Farm population</td><td>1/</td><td>53 Stat. 589, 944</td></tr><tr><td>3.</td><td>Distribution of forest planting stock</td><td>1924</td><td>100 8/</td><td>100</td><td>-</td><td>Such amounts as the Secretary may deem necessary</td><td>-</td><td>16 U.S.C., 567; 53 Stat. 957</td></tr><tr><td>4.</td><td>Forest fire cooperation</td><td>1911</td><td>2,200 9/</td><td>2,500</td><td>-</td><td>Secretary may prescribe</td><td>100</td><td>16 U.S.C., 563-6; 53 Stat. 957</td></tr><tr><td colspan="2">Federal Security Agency</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5a.</td><td>Colleges for Agriculture and Mechanio Arts 5/</td><td>1890</td><td>2,550</td><td>2,550</td><td>50</td><td>-</td><td>-</td><td>7 U.S.C., 322</td></tr><tr><td>5b.</td><td>Colleges for Agriculture and Mechanio Arts 6/</td><td>1935</td><td>2,480</td><td>980</td><td>20</td><td>-</td><td>-</td><td>7 U.S.C., supp. IV, 343d; 53 Stat. 732</td></tr><tr><td>6.</td><td>Vocational Education: a. in agriculture b. in trades and industries c. Of teachers</td><td>1917</td><td>7,000 2/</td><td>3,000 10/</td><td>11/</td><td>Rural population</td><td>100</td><td>20 U.S.C., 11-19</td></tr><tr><td></td><td></td><td>1917</td><td></td><td>3,000 10/</td><td>11/</td><td>Urban population</td><td>100</td><td>20 U.S.C., 13</td></tr><tr><td></td><td></td><td>1917</td><td></td><td>1,000 10/</td><td>11/</td><td>Population</td><td>100</td><td>20 U.S.C., 14</td></tr><tr><td>7.</td><td>Further development of Vocational Education: a. In agriculture b. In home economics c. In trades and industries d. In distributive occupations e. Of teachers</td><td>1936</td><td>13,750</td><td>4,000 13/</td><td>14/</td><td>Farm population</td><td>50</td><td>20 U.S.C., supp. IV, 15h-p; 53 Stat. 732</td></tr><tr><td></td><td></td><td>1936</td><td></td><td>4,000 13/</td><td>14/</td><td>Rural population</td><td>50</td><td>20 U.S.C., supp. IV, 15h</td></tr><tr><td></td><td></td><td>1936</td><td></td><td>1,200 15/</td><td>15/</td><td>Non-farm population</td><td>50</td><td>20 U.S.C., supp. IV, 15i</td></tr><tr><td></td><td></td><td>1936</td><td></td><td>1,000 15/</td><td>15/</td><td>Population</td><td>100</td><td>20 U.S.C., supp. IV, 15j</td></tr><tr><td>8.</td><td>Vocational Rehabilitation</td><td>1920</td><td>1,800 2/</td><td>3,500</td><td>17/</td><td>$15,000 to Hawaii; remainder to States and Puerto Rico on basis of population</td><td>100</td><td>29 U.S.C., 31, 32, 45, 45a; 29 U.S.C., supp. IV, 45b; 53 Stat. 733, 138l, 1398</td></tr><tr><td>9.</td><td>Education of the blind 18/</td><td>1879</td><td>125 19/</td><td>125 19/</td><td>-</td><td>Processed material distributed on basis of number of pupils in public institutions for the blind</td><td>-</td><td>20 U.S.C., 101, 102; 20 U.S.C., supp. IV, 101; 53 Stat. 675</td></tr><tr><td>10.</td><td>Public health work 12/</td><td>1935</td><td>9,500</td><td>11,000</td><td>-</td><td>Population, special health problems and financial need</td><td>-</td><td>42 U.S.C., supp. IV, 801-2; 53 Stat. 669, 1303, 138l, 1398</td></tr><tr><td>11.</td><td>Investigation and control of venereal disease 20/</td><td>1918</td><td>4,379 21/</td><td>22/</td><td>-</td><td>Population; extent of venereal disease problem</td><td>100</td><td>42 U.S.C. supp. IV, 25a-e; 53 Stat. 668</td></tr><tr><td>12.</td><td>Old age assistance 23/</td><td>1935</td><td>225,000 24/</td><td>25/</td><td>-</td><td>50% of payments to needy aged (Federal share not to exceed $20 monthly per beneficiary) plus 5% of such amount</td><td>100</td><td>42 U.S.C., supp. IV, 301, 303; 53 Stat. 541, 542, 1361, 1398</td></tr><tr><td>13.</td><td>Aid to dependent children 23/</td><td>1935</td><td>45,000 24/</td><td>25/</td><td>-</td><td>50% of expenditures under approved State plan (excluding amounts paid to beneficiaries in excess of $18 for one child and $12 for each additional child in the same home per month)</td><td>100</td><td>42 U.S.C., supp. IV, 601, 603; 53 Stat. 541, 1380, 1398</td></tr><tr><td>14.</td><td>Aid to blind 23/</td><td>1935</td><td>8,000 24/</td><td>25/</td><td>-</td><td>50% of payments to needy blind (Federal share not to exceed $20 monthly per beneficiary) plus 50% of necessary administrative costs</td><td>100</td><td>42 U.S.C., supp. IV, 1201, 1203; 53 Stat. 541, 1397, 1398</td></tr><tr><td>15.</td><td>Unemployment compensation administration 23/</td><td>1935</td><td>61,500</td><td>80,000</td><td>-</td><td>Amount necessary for efficient administration of approved State unemployment compensation law... determined on basis of population, number of persons covered, cost of efficient administration and such other factors as the Social Security Board finds relevant</td><td>-</td><td>42 U.S.C., supp. IV, 501, 502; 53 Stat. 541, 581, 1304, 1378, 1398</td></tr><tr><td>16.</td><td>United States Employment Service 26/</td><td>1933</td><td>3,480</td><td>27/</td><td>28/</td><td>Population 29/</td><td>100</td><td>29 U.S.C., supp. IV, 494; 53 Stat. 925</td></tr></table>
(Continued on following page)
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Table 1 -
Regular Federal Grants-in-aid to States - (Continued)
Administrative authority and purpose of grant; year established; appropriation for fiscal year 1940; annual appropriation authorized; basis of apportionment; and matching required of States.
(As of January 1, 1940)
<table><tr><th rowspan="2">Item No.</th><th rowspan="2">Administrative authority: Purpose of grant</th><th rowspan="2">Year established</th><th>Appropriation for fiscal year 1940 2/</th><th>Annual appropriation authorized</th><th colspan="2">Basis of apportionment</th><th rowspan="2">Matching required of State: Percent of grant</th><th rowspan="2">Citation</th></tr><tr><th colspan="2">(In thousands of dollars)</th><th>Uniform lump sum per State</th><th>Other bases</th></tr><tr><td>17.</td><td>Department of Labor Maternal and child health 12/</td><td>1935</td><td>4,800</td><td>1,040 2,800 1,980</td><td>20 - -</td><td>Live births - Financial need</td><td>100 100 -</td><td>42 U.S.C. supp. IV, 701, 704; 53 Stat. 1380, 1398</td></tr><tr><td>18.</td><td>Crippled children 12/</td><td>1935</td><td>3,350</td><td>1,040 1,830 1,000</td><td>20 - -</td><td>Needy crippled children and cost of service Financial need</td><td>100 100 -</td><td>42 U.S.C., 711-714; 53 Stat. 924 1320, 1380, 1398</td></tr><tr><td>19.</td><td>Child welfare 12/</td><td>1935</td><td>1,505</td><td>1,510</td><td>10</td><td>Remainder on basis of rural population</td><td>-</td><td>42 U.S.C., supp. IV, 723; 53 Stat. 924, 1320, 1381, 1398</td></tr><tr><td>20.</td><td>Federal Works Agency Federal-aid highway system 30/</td><td>1916</td><td>125,000 31/</td><td>125,000 32/</td><td>33/</td><td>1/3 area; 1/3 population; 1/3 rural delivery and star route mileage</td><td>100 34/</td><td>23 U.S.C., 6, 12, 12a, 21, 41; 23 U.S.C., supp. IV, 13a, 41a-b 49 Stat. 1519; 53 Stat. 965</td></tr><tr><td>21.</td><td>Federal-aid secondary or feeder roads 30/</td><td>1936</td><td>25,000 31/</td><td>25,000 32/</td><td>33/</td><td>Same as item (20)</td><td>100 34/</td><td>49 Stat. 1521; 53 Stat. 966</td></tr><tr><td>22.</td><td>Elimination of grade crossings 30/</td><td>1936</td><td>40,000 31/</td><td>50,000 32/</td><td>33/</td><td>1/2 population; 1/4 Federal-aid highway system mileage; 1/4 railroad mileage</td><td>-</td><td>49 Stat. 1521; 53 Stat. 966</td></tr><tr><td>23.</td><td>Public land highway 35/</td><td>1921</td><td>1,000</td><td>1,000</td><td>-</td><td>Unappropriated public lands, etc. 35/</td><td>-</td><td>23 U.S.C., 3; 53 Stat. 967</td></tr><tr><td>24.</td><td>Annual contributions to public housing agencies</td><td>1937</td><td>5,000</td><td>28,000</td><td>-</td><td>Project cost, number of units, persone housed and other factors 35/</td><td>37/</td><td>42 U.S.C., supp. IV, 1410, 1411; 53 Stat. 691</td></tr><tr><td>25.</td><td>Department of Interior Wildlife restoration</td><td>1937</td><td>1,500 38/</td><td>38/</td><td>-</td><td>1/2 on area; 1/2 on number of paid hunting license holders 39/</td><td>39/</td><td>16 U.S.C., supp. IV, 669b-c; 53 Stat. 965</td></tr><tr><td>26.</td><td>Navy Department State and municipal marine schools 40/</td><td>1911</td><td>190 41/</td><td>42/</td><td>-</td><td>Maximum $25,000 per school</td><td>100</td><td>34 U.S.O., 1121-2; 53 Stat. 761</td></tr><tr><td>27.</td><td>Veterans Administration State homes for disabled soldiers and sailors</td><td>1888</td><td>43/</td><td>43/</td><td>-</td><td>$240 annually per inmate</td><td>100</td><td>24 U.S.C., 134; 53 Stat. 544-5, 1145</td></tr></table>
1) Regular Federal grants-in-aid include periodic Federal payments to State (territorial) and local governments for specified purposes. Three general categories of expenditures are excluded: (1) Grants financed from relief and recovery appropriations such as Public Works Administration grants and those for road and highway projects; (2) payments to individuals from regular and emergency appropriations such as agricultural conservation program, Works Projects Administration and Civilian Conservation Corps expenditures; and (3) direct Federal expenditures in cooperation with States such as those for the National Guard, the control of animal diseases, agricultural pest control and farm forestry extension work.
2) Amounts shown in column (3) do not include the following sums appropriated separately for the territories: Item 1b: Alaska, $23,750; Hawaii, $60,000; Puerto Rico, $45,000; Item 2a: Hawaii and Puerto Rico $121,165; Item 2c: Alaska, $21,418; Puerto Rico, $65,000; Items 6a-6c: Hawaii, $30,000; Puerto Rico, $105,000; Item 3: District of Columbia, $25,000; Puerto Rico, $15,000; Hawaii, $5,000.
3) $30,000 for each State and territory.
4) $50,000 for each State and territory.
5) Include Alaska, Hawaii and Puerto Rico.
6) Includes Hawaii.
7) None, but must meet matching requirements for Items 2a and 2b.
8) Includes Hawaii and Puerto Rico.
9) $1,988,940 of this amount allotted for payments to States and Hawaii.
10) Additional authorization to provide (as needed) $10,000 minimum allotment; $27,000 for Item 6a; $50,000 for Item 6b; and $90,000 for Item 6c.
11) $10,000 minimum allotment to each State.
12) Includes District of Columbia, Alaska, Hawaii and Puerto Rico.
13) Additional authorisation of $175,000 to provide (as needed) $20,000 minimum allotments for Items 7a-7c combined.
14) $20,000 minimum allotment to each State and territory.
15) Additional authorization of $54,000 to provide (as needed) $10,000 minimum allotment to each State and territory.
16) $10,000 minimum allotment to each State and territory.
17) $20,000 minimum allotment to each State and Puerto Rico.
18) Payments are made to American Printing House for the Blind for books and apparatus supplied to public institutions for the blind in the States, territories and District of Columbia.
19) Includes $10,000 representing interest on $250,000 permanent fund.
20) Includes Alaska, District of Columbia, Hawaii, Puerto Rico and Virginia.
21) Represents amount approved by Surgeon General for apportionment to States and territories from appropriation of $5,000,000.
22) Not exceeding $5,000,000 for 1940; not exceeding $7,000,000 for 1941; and thereafter such sums as may be required.
23/ Includes District of Columbia, Alaska and Hawaii.
24/ Appropriations for Items 12, 13, 14 may be transferred interchangeably with approval of the Bureau of the Budget.
25/ Sum sufficient to carry out purposes of title.
26/ Includes Alaska and Hawaii.
27/ Amounts Congress may deem necessary.
28/ $10,000 minimum allotment to each State, Alaska and Hawaii.
29/ The Federal Government matches appropriations made by States. The maximum is the amount allotted on the basis of population. Each State (including local governments) must provide as a minimum at least $5,000, and not less than 25 percent of its allotted share.
30/ Includes District of Columbia, Hawaii and Puerto Rico.
31/ 2-1/2 percent may be retained for administration and research.
32/ Authorizations for highway purposes are made for two-year periods and are available until expended. Appropriation for 1940 was made under authorization for 1939. Fiscal year 1940 authorizations are: Item 20, $100,000,000; Item 21, $15,000,000; Item 22, $20,000,000. Fiscal year 1941 authorizations are: Item 20, $115,000,000; Item 21, $15,000,000; Item 22, $30,000,000. $5,000,000 of amounts appropriated for highway purposes may be allotted to States for emergency repairs. Appropriations are authorized to reimburse regular highway aid funds for such expenditures.
33/ Minimum State share, 1/2 of 1 percent of total allotment.
34/ When a State contains unappropriated public lands and nontaxable Indian lands in excess of 5 percent of total area of State, Federal grant may exceed 50 percent of total cost of projects by a percentage equal to one-half the percentage of the State's area consisting of such lands.
35/ To States having more than 5 percent of their area in unappropriated public lands, nontaxable Indian lands or other Federal reservations, other than forest reservations.
36/ Maximum annual contribution = (project cost) x (going Federal interest rate + 1 percent).
37/ Grantee must contribute in cash, tax remissions or tax exemptions 20 percent of the amount of annual contributions.
38/ Proceeds of tax on firearms, shells and cartridges (29 I.R.C. 3407); 8 percent may be retained for administration.
39/ Maximum State share $150,000; minimum, $15,000 if State provides $5,000.
40/ For one school in each specified port. Schools are now being maintained in four of the specified ports.
41/ $90,000 for repair of vessels.
42/ Secretary of Navy may match funds, not to exceed $25,000 per school, and may furnish naval vessels and equipment.
43/ Amounts necessary are allotted from appropriations for Veterans' Administration. Allotment for fiscal year 1940, $1,149,000.
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Table 2 - Federal Revenues Shared with States
Administrative authority and type of shared revenue; year established; appropriation for fiscal year 1940; State (or county) share and basis of allocation
As of January 1, 1940
(in thousands of dollars)
<table><tr><th>Item No.</th><th>Administrative authority and type of shared revenue</th><th>Year established</th><th>Appropriation for fiscal year 1940</th><th>State (or county) share and basis of allocation</th><th>Citation</th></tr><tr><td colspan="6">Department of Agriculture</td></tr><tr><td>1.</td><td>Payments to States, national forests fund</td><td>1908</td><td>1,275 1/</td><td>25% of gross receipts from national forests within State, for schools or roads of counties in which forests are located</td><td>16 U.S.C. 500</td></tr><tr><td>2.</td><td>Payments to school funds, Arizona and New Mexico</td><td>1910</td><td>30 1/</td><td>A percent of the gross receipts of national forests within the State, corresponding to the percent of the area of national forests within State consisting of land granted to State for school purposes</td><td>36 Stat. 562, 573</td></tr><tr><td>3.</td><td>Payments to counties, Submarginal Land Program, Farm Tenant Act</td><td>1937</td><td>12 2/</td><td>25% of net revenues received from use of such land to counties to be used for school or road purposes</td><td>7 U.S.C. supp. IV, 1012</td></tr><tr><td colspan="6">Department of Interior</td></tr><tr><td>4.</td><td>Payments to Arizona and Nevada, Boulder Canyon Act of 1928</td><td>1928</td><td>- 1/</td><td>Of revenues received in excess of amount required to meet the periodical payments to the United States, 18-3/4% to Arizona and 18-3/4% to Nevada</td><td>43 U.S.C. 617c (b)</td></tr><tr><td>5.</td><td>Payments to Oklahoma, oil and gas royalties, south half of Red River</td><td>1923</td><td>7</td><td>37-1/2% of royalties, for public roads and schools</td><td>30 U.S.C., 191, 233; 53 Stat. 693</td></tr><tr><td>6.</td><td>Payments to certain counties, Oregon and California grant lands</td><td>1926</td><td>375 1/</td><td>50% of revenues to counties in which revested lands are located in the proportion that assessed value of grant lands in each county for 1915 bears to total assessed value of such lands in State for 1915</td><td>44 Stat. 915; 50 Stat. 875</td></tr><tr><td>7.</td><td>Payments to counties, Coos Bay Wagon Road grant lands</td><td>1919</td><td>25</td><td>25% of revenues from grant lands paid to counties in lieu of taxes that would have accrued prior to March 1, 1938 if lands had been privately owned</td><td>40 Stat. 1179; 53 Stat. 692, 753</td></tr><tr><td>8.</td><td>Payments to States, Grazing Act (public lands)</td><td>1934</td><td rowspan="2">500 1/</td><td>75% of revenues paid in lieu of taxes, in ratio that total assessed value of reconveyed grant lands in each county bears to total assessed value of all grant lands in those counties, except that Douglas County is to receive only 50% of its share until the general fund of the Treasury is reimbursed for certain expenditures made by the United States</td><td>43 U.S.C. supp. IV, 3151</td></tr><tr><td>9.</td><td>Payments to States, Grazing Act (Indian ceded lands)</td><td>1934</td><td>25% of revenues from such lands within State</td><td>43 U.S.C. 315j</td></tr><tr><td>10.</td><td>Payments to States, sales of public lands</td><td>1820</td><td>2</td><td>5% of proceeds from such sales within State</td><td>31 U.S.C. 711; 53 Stat. 692</td></tr><tr><td>11.</td><td>Payments to counties, Migratory Bird Conservation Act</td><td>1935</td><td>15 1/</td><td>25% of net receipts from refugees within county</td><td>16 U.S.C. supp. IV, 715e</td></tr><tr><td>12.</td><td>Payments to States, Mineral Leasing Act</td><td>1920</td><td>2,500 1/</td><td>37-1/2% of revenues from mineral leases within State</td><td>30 U.S.C. 191</td></tr><tr><td>13.</td><td>Payments to States, potash deposits royalties and rentals</td><td>1917</td><td>38 1/</td><td>37-1/2% of receipts from deposits within State</td><td>30 U.S.C. 191, 285; 40 Stat. 297</td></tr><tr><td colspan="6">Federal Power Commission</td></tr><tr><td>14.</td><td>Payments to States, licenses under Federal Power Act</td><td>1920</td><td>20 1/</td><td>37-1/2% of charges for occupancy and use of national forests and public lands within State</td><td>16 U.S.C. supp. IV, 810</td></tr><tr><td colspan="6">War Department</td></tr><tr><td>15.</td><td>Payments to States, Flood Control Act of 1938</td><td>1938</td><td>7,000 2/</td><td>25% of receipts from leases of Morganza and Dukem floodway lands</td><td>33 U.S.C. supp. IV, 702a-11</td></tr></table>
Note: Federal revenues shared with States exclude Federal payments to State and local governments in lieu of State and local taxes on Federal properties, as follows: (1) payments in connection with resettlement and rehabilitation projects authorized by the Act of June 29, 1936 (40 U. S. C., supp V, 432); (2) payments in connection with Federally operated housing projects, authorized by United States Housing Act of 1937 (42 U. S. C., supp V, 1413c); and (3) payments to Alabama and Tennessee in connection with the sale of power, authorized by the Tennessee Valley Authority Act of 1933 (16 U. S. C., 8311).
1/ Estimated share of States (or counties) for fiscal year 1940 as shown in Treasury Department, Digest of Appropriations, 1940.
2/ Estimated share of States (or counties) for fiscal year 1940. Estimate provided in each case by the Federal Department which administers the act.
3/ No payments have been made under this authorization.
4
Table 3 - Expenditures for Regular Federal Grants-in-aid to States, and Federal Revenues Shared with States, Fiscal Year Ending June 30, 1939
(In thousands of dollars)
<table><tr><th>State or Jurisdiction</th><th>Agricultural experimental stations 1a-1o</th><th>Agricultural extension work 2a-2d</th><th>Distribution of forest planting stock 3</th><th>Forest fire protection 4</th><th>Colleges for agriculture and mechanic arts 5a-5b</th><th>Vocational education 6a-6c</th><th>Vocational rehabilitation 8</th><th>Education of the blind 9</th><th>Public health work 10</th><th>Investigation and control of venereal diseases 11</th><th>Old age assistance 12</th><th>Aid to dependent children 13</th><th>Aid to blind 14</th></tr><tr><td>Alabama</td><td>162</td><td>619</td><td>1</td><td>55</td><td>102</td><td>544</td><td>51</td><td>6</td><td>234</td><td>72</td><td>801</td><td>346</td><td>24</td></tr><tr><td>Arizona</td><td>101</td><td>117</td><td>-</td><td>-</td><td>75</td><td>85</td><td>10</td><td>1</td><td>55</td><td>10</td><td>1,183</td><td>335</td><td>47</td></tr><tr><td>Arkansas</td><td>146</td><td>553</td><td>2</td><td>51</td><td>93</td><td>387</td><td>19</td><td>3</td><td>172</td><td>48</td><td>718</td><td>150</td><td>25</td></tr><tr><td>California</td><td>148</td><td>394</td><td>-</td><td>181</td><td>139</td><td>743</td><td>95</td><td>5</td><td>305</td><td>104</td><td>20,894</td><td>1,526</td><td>1,057</td></tr><tr><td>Colorado</td><td>110</td><td>211</td><td>2</td><td>-</td><td>83</td><td>177</td><td>16</td><td>2</td><td>84</td><td>18</td><td>5,928</td><td>563</td><td>109</td></tr><tr><td>Connecticut</td><td>108</td><td>130</td><td>1/</td><td>13</td><td>90</td><td>206</td><td>16</td><td>2</td><td>94</td><td>27</td><td>2,275</td><td>-</td><td>17</td></tr><tr><td>Delaware</td><td>94</td><td>74</td><td>1</td><td>2</td><td>73</td><td>100</td><td>-</td><td>-</td><td>30</td><td>5</td><td>166</td><td>64</td><td>-</td></tr><tr><td>Florida</td><td>117</td><td>219</td><td>3</td><td>98</td><td>88</td><td>235</td><td>19</td><td>3</td><td>137</td><td>38</td><td>2,802</td><td>169</td><td>171</td></tr><tr><td>Georgia</td><td>167</td><td>701</td><td>3</td><td>74</td><td>106</td><td>599</td><td>45</td><td>3</td><td>266</td><td>77</td><td>1,598</td><td>387</td><td>75</td></tr><tr><td>Idaho</td><td>102</td><td>154</td><td>2</td><td>54</td><td>75</td><td>116</td><td>11</td><td>1</td><td>67</td><td>8</td><td>1,253</td><td>325</td><td>42</td></tr><tr><td>Illinois</td><td>166</td><td>551</td><td>3</td><td>3</td><td>163</td><td>949</td><td>125</td><td>8</td><td>362</td><td>125</td><td>13,595</td><td>-</td><td>-</td></tr><tr><td>Indiana</td><td>145</td><td>437</td><td>2</td><td>9</td><td>110</td><td>458</td><td>50</td><td>3</td><td>188</td><td>58</td><td>5,860</td><td>1,747</td><td>297</td></tr><tr><td>Iowa</td><td>147</td><td>508</td><td>2</td><td>-</td><td>100</td><td>426</td><td>34</td><td>5</td><td>168</td><td>44</td><td>6,751</td><td>-</td><td>167</td></tr><tr><td>Kansas</td><td>134</td><td>385</td><td>2</td><td>-</td><td>93</td><td>316</td><td>10</td><td>2</td><td>108</td><td>32</td><td>2,888</td><td>609</td><td>123</td></tr><tr><td>Kentucky</td><td>159</td><td>604</td><td>2</td><td>15</td><td>102</td><td>427</td><td>40</td><td>5</td><td>215</td><td>57</td><td>2,180</td><td>-</td><td>-</td></tr><tr><td>Louisiana</td><td>138</td><td>440</td><td>2</td><td>51</td><td>96</td><td>388</td><td>30</td><td>4</td><td>153</td><td>51</td><td>2,033</td><td>1,105</td><td>67</td></tr><tr><td>Maine</td><td>108</td><td>156</td><td>1</td><td>45</td><td>80</td><td>119</td><td>12</td><td>-</td><td>64</td><td>13</td><td>1,661</td><td>212</td><td>193</td></tr><tr><td>Maryland</td><td>115</td><td>195</td><td>2</td><td>11</td><td>90</td><td>214</td><td>17</td><td>4</td><td>123</td><td>32</td><td>1,906</td><td>1,072</td><td>82</td></tr><tr><td>Massachusetts</td><td>106</td><td>137</td><td>3</td><td>26</td><td>122</td><td>501</td><td>41</td><td>7</td><td>232</td><td>70</td><td>13,763</td><td>1,474</td><td>165</td></tr><tr><td>Michigan</td><td>149</td><td>449</td><td>3</td><td>114</td><td>129</td><td>684</td><td>64</td><td>8</td><td>247</td><td>76</td><td>8,190</td><td>1,550</td><td>75</td></tr><tr><td>Minnesota</td><td>140</td><td>460</td><td>-</td><td>94</td><td>101</td><td>394</td><td>33</td><td>5</td><td>178</td><td>42</td><td>8,437</td><td>876</td><td>120</td></tr><tr><td>Mississippi</td><td>154</td><td>651</td><td>2</td><td>51</td><td>95</td><td>449</td><td>31</td><td>3</td><td>182</td><td>54</td><td>865</td><td>1/</td><td>16</td></tr><tr><td>Missouri</td><td>157</td><td>579</td><td>2</td><td>13</td><td>114</td><td>528</td><td>51</td><td>3</td><td>220</td><td>67</td><td>8,302</td><td>802</td><td>-</td></tr><tr><td>Montana</td><td>104</td><td>174</td><td>2</td><td>24</td><td>77</td><td>110</td><td>12</td><td>1</td><td>53</td><td>6</td><td>1,645</td><td>271</td><td>7</td></tr><tr><td>Nebraska</td><td>124</td><td>344</td><td>3</td><td>-</td><td>87</td><td>228</td><td>25</td><td>2</td><td>45</td><td>10</td><td>2,962</td><td>563</td><td>81</td></tr><tr><td>Nevada</td><td>92</td><td>73</td><td>-</td><td>2</td><td>71</td><td>94</td><td>3</td><td>-</td><td>29</td><td>1</td><td>336</td><td>-</td><td>-</td></tr><tr><td>New Hampshire</td><td>97</td><td>93</td><td>2</td><td>14</td><td>76</td><td>92</td><td>5</td><td>-</td><td>47</td><td>9</td><td>569</td><td>52</td><td>38</td></tr><tr><td>New Jersey</td><td>117</td><td>171</td><td>3</td><td>35</td><td>119</td><td>473</td><td>68</td><td>2</td><td>200</td><td>71</td><td>3,150</td><td>1,228</td><td>84</td></tr><tr><td>New Mexico</td><td>102</td><td>142</td><td>1</td><td>2</td><td>75</td><td>116</td><td>3</td><td>2</td><td>71</td><td>9</td><td>298</td><td>149</td><td>19</td></tr><tr><td>New York</td><td>169</td><td>477</td><td>3</td><td>62</td><td>224</td><td>1,514</td><td>133</td><td>13</td><td>518</td><td>194</td><td>16,084</td><td>4,355</td><td>346</td></tr><tr><td>North Carolina</td><td>180</td><td>793</td><td>2</td><td>67</td><td>109</td><td>642</td><td>53</td><td>8</td><td>306</td><td>84</td><td>2,041</td><td>599</td><td>189</td></tr><tr><td>North Dakota</td><td>112</td><td>244</td><td>3</td><td>-</td><td>78</td><td>128</td><td>10</td><td>1</td><td>19</td><td>12</td><td>951</td><td>227</td><td>9</td></tr><tr><td>Ohio</td><td>171</td><td>580</td><td>3</td><td>7</td><td>151</td><td>861</td><td>79</td><td>8</td><td>334</td><td>111</td><td>14,806</td><td>1,375</td><td>438</td></tr><tr><td>Oklahoma</td><td>150</td><td>551</td><td>3</td><td>16</td><td>99</td><td>419</td><td>47</td><td>4</td><td>164</td><td>46</td><td>7,321</td><td>919</td><td>219</td></tr><tr><td>Oregon</td><td>108</td><td>187</td><td>2</td><td>126</td><td>82</td><td>167</td><td>17</td><td>4</td><td>88</td><td>16</td><td>2,515</td><td>227</td><td>69</td></tr><tr><td>Pennsylvania</td><td>208</td><td>618</td><td>3</td><td>45</td><td>188</td><td>1,261</td><td>161</td><td>11</td><td>461</td><td>165</td><td>11,257</td><td>3,479</td><td>-15 2/</td></tr><tr><td>Rhode Island</td><td>92</td><td>53</td><td>-</td><td>2</td><td>78</td><td>121</td><td>9</td><td>-</td><td>59</td><td>12</td><td>795</td><td>173</td><td>-</td></tr><tr><td>South Carolina</td><td>142</td><td>477</td><td>3</td><td>47</td><td>91</td><td>378</td><td>14</td><td>3</td><td>196</td><td>53</td><td>1,123</td><td>286</td><td>49</td></tr><tr><td>South Dakota</td><td>111</td><td>260</td><td>1</td><td>1</td><td>78</td><td>140</td><td>9</td><td>1</td><td>69</td><td>9</td><td>2,217</td><td>-</td><td>26</td></tr><tr><td>Tennessee</td><td>155</td><td>607</td><td>3</td><td>30</td><td>102</td><td>477</td><td>40</td><td>5</td><td>237</td><td>67</td><td>1,861</td><td>804</td><td>133</td></tr><tr><td>Texas</td><td>221</td><td>1,139</td><td>-</td><td>43</td><td>141</td><td>1,024</td><td>94</td><td>11</td><td>352</td><td>129</td><td>9,151</td><td>-</td><td>-</td></tr><tr><td>Utah</td><td>99</td><td>121</td><td>2</td><td>-</td><td>76</td><td>115</td><td>10</td><td>1</td><td>60</td><td>9</td><td>1,895</td><td>368</td><td>32</td></tr><tr><td>Vermont</td><td>99</td><td>113</td><td>2</td><td>6</td><td>74</td><td>87</td><td>5</td><td>-</td><td>43</td><td>6</td><td>489</td><td>46</td><td>16</td></tr><tr><td>Virginia</td><td>152</td><td>513</td><td>2</td><td>33</td><td>100</td><td>471</td><td>29</td><td>4</td><td>199</td><td>59</td><td>555</td><td>94</td><td>54</td></tr><tr><td>Washington</td><td>116</td><td>216</td><td>2</td><td>199</td><td>89</td><td>225</td><td>23</td><td>2</td><td>87</td><td>19</td><td>5,524</td><td>737</td><td>192</td></tr><tr><td>West Virginia</td><td>137</td><td>312</td><td>2</td><td>31</td><td>91</td><td>265</td><td>22</td><td>3</td><td>139</td><td>32</td><td>1,538</td><td>585</td><td>80</td></tr><tr><td>Wisconsin</td><td>143</td><td>467</td><td>2</td><td>77</td><td>106</td><td>492</td><td>58</td><td>5</td><td>156</td><td>36</td><td>5,852</td><td>1,249</td><td>275</td></tr><tr><td>Wyoming</td><td>96</td><td>109</td><td>1</td><td>-</td><td>73</td><td>99</td><td>9</td><td>-</td><td>14</td><td>4</td><td>424</td><td>82</td><td>24</td></tr><tr><td>Alaska</td><td>26</td><td>21</td><td>-</td><td>-</td><td>50</td><td>75</td><td>-</td><td>1/</td><td>36</td><td>3</td><td>176</td><td>-</td><td>-</td></tr><tr><td>District of Columbia</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>49</td><td>-</td><td>-</td><td>59</td><td>17</td><td>446</td><td>153</td><td>33</td></tr><tr><td>Hawaii</td><td>63</td><td>122</td><td>1</td><td>1</td><td>75</td><td>107</td><td>5</td><td>1</td><td>58</td><td>8</td><td>134</td><td>134</td><td>1</td></tr><tr><td>Philippine Islands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1/2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Puerto Rico</td><td>82</td><td>140</td><td>2</td><td>-</td><td>50</td><td>279</td><td>15</td><td>-</td><td>-</td><td>34</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Virgin Islands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Totals</td><td>6,538</td><td>17,822</td><td>90</td><td>1,793</td><td>5,030</td><td>19,533</td><td>1,778</td><td>175</td><td>7,985</td><td>2,361</td><td>210,160</td><td>31,467</td><td>5,272</td></tr></table>
(Continued on following page)
5
Table 3 - Expenditures for Regular Federal Grants-in-aid to States, and Federal Revenues Shared with States, Fiscal Year Ending June 30, 1939 - (Continued)
(In thousands of dollars)
<table><tr><th>State or Juedsiction</th><th>Unemploy-ment oom-pensation admi-ni-tration 15</th><th>United States em-ploy-ment service 16</th><th>Maternal and child health 17</th><th>Crip-pled child-ren 18</th><th>Child wel-fare 19</th><th>Federal-aid highway system 20</th><th>Federal-aid secondary or feeder roads 21</th><th>Elimin-ation of grade crossings 22</th><th>Public land high-way 23</th><th>Wild-life restor-ation 25</th><th>State and muni-cipal marine schoole 26</th><th>State homes for disabled soldiers and sailore 27</th><th>Shared reve- nue Table 2</th><th>Grand total</th></tr><tr><td>Alabama</td><td>676</td><td>63</td><td>106</td><td>77</td><td>43</td><td>3,934</td><td>338</td><td>784</td><td>-</td><td>13</td><td>-</td><td>-</td><td>4</td><td>9,055</td></tr><tr><td>Arizona</td><td>282</td><td>13</td><td>58</td><td>37</td><td>21</td><td>1,667</td><td>292</td><td>138</td><td>269</td><td>19</td><td>-</td><td>-</td><td>140</td><td>4,955</td></tr><tr><td>Arkansas</td><td>348</td><td>63</td><td>74</td><td>98</td><td>33</td><td>3,009</td><td>233</td><td>547</td><td>-</td><td>10</td><td>-</td><td>-</td><td>46</td><td>6,828</td></tr><tr><td>California</td><td>3,838</td><td>190</td><td>97</td><td>101</td><td>28</td><td>4,470</td><td>1,013</td><td>1,099</td><td>222</td><td>37</td><td>25</td><td>120</td><td>1,552</td><td>38,343</td></tr><tr><td>Colorado</td><td>393</td><td>47</td><td>58</td><td>59</td><td>20</td><td>1,921</td><td>530</td><td>242</td><td>110</td><td>22</td><td>-</td><td>12</td><td>199</td><td>10,915</td></tr><tr><td>Connecticut</td><td>1,354</td><td>46</td><td>52</td><td>18</td><td>15</td><td>584</td><td>36</td><td>-</td><td>-</td><td>2</td><td>-</td><td>43</td><td>-</td><td>5,128</td></tr><tr><td>Delaware</td><td>215</td><td>15</td><td>31</td><td>5</td><td>15</td><td>507</td><td>-</td><td>28</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1/</td><td>1,426</td></tr><tr><td>Florida</td><td>493</td><td>92</td><td>76</td><td>58</td><td>23</td><td>1,396</td><td>178</td><td>231</td><td>-</td><td>12</td><td>-</td><td>-</td><td>19</td><td>6,677</td></tr><tr><td>Georgia</td><td>712</td><td>94</td><td>126</td><td>94</td><td>56</td><td>2,191</td><td>339</td><td>136</td><td>-</td><td>13</td><td>-</td><td>-</td><td>4</td><td>7,866</td></tr><tr><td>Idaho</td><td>247</td><td>15</td><td>45</td><td>23</td><td>12</td><td>1,468</td><td>259</td><td>214</td><td>52</td><td>18</td><td>-</td><td>8</td><td>147</td><td>4,718</td></tr><tr><td>Illinois</td><td>1,352</td><td>364</td><td>134</td><td>193</td><td>43</td><td>4,881</td><td>1,036</td><td>1,540</td><td>-</td><td>26</td><td>-</td><td>73</td><td>1</td><td>25,693</td></tr><tr><td>Indiana</td><td>1,795</td><td>90</td><td>78</td><td>70</td><td>37</td><td>3,366</td><td>436</td><td>986</td><td>-</td><td>33</td><td>-</td><td>16</td><td>1/</td><td>16,271</td></tr><tr><td>Iowa</td><td>656</td><td>86</td><td>52</td><td>58</td><td>49</td><td>3,829</td><td>-</td><td>796</td><td>-</td><td>17</td><td>-</td><td>21</td><td>1/</td><td>13,916</td></tr><tr><td>Kansas</td><td>433</td><td>62</td><td>79</td><td>56</td><td>27</td><td>2,876</td><td>118</td><td>794</td><td>-</td><td>17</td><td>-</td><td>9</td><td>3</td><td>9,173</td></tr><tr><td>Kentucky</td><td>639</td><td>92</td><td>103</td><td>85</td><td>47</td><td>2,536</td><td>226</td><td>254</td><td>-</td><td>12</td><td>-</td><td>-</td><td>3</td><td>7,803</td></tr><tr><td>Louisiana</td><td>794</td><td>62</td><td>99</td><td>35</td><td>35</td><td>1,481</td><td>195</td><td>173</td><td>-</td><td>12</td><td>-</td><td>-</td><td>99</td><td>7,543</td></tr><tr><td>Maine</td><td>475</td><td>19</td><td>51</td><td>37</td><td>21</td><td>1,259</td><td>118</td><td>279</td><td>-</td><td>11</td><td>-</td><td>-</td><td>1</td><td>4,935</td></tr><tr><td>Maryland</td><td>946</td><td>39</td><td>62</td><td>62</td><td>27</td><td>888</td><td>41</td><td>44</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>5,978</td></tr><tr><td>Massachusetts</td><td>3,374</td><td>100</td><td>79</td><td>83</td><td>8</td><td>1,322</td><td>52</td><td>201</td><td>-</td><td>6</td><td>25</td><td>40</td><td>-</td><td>21,936</td></tr><tr><td>Michigan</td><td>3,413</td><td>172</td><td>85</td><td>100</td><td>31</td><td>2,492</td><td>368</td><td>572</td><td>-</td><td>51</td><td>-</td><td>19</td><td>9</td><td>19,050</td></tr><tr><td>Minnesota</td><td>1,467</td><td>66</td><td>69</td><td>74</td><td>33</td><td>2,772</td><td>304</td><td>504</td><td>-</td><td>26</td><td>-</td><td>37</td><td>15</td><td>16,247</td></tr><tr><td>Missippi</td><td>353</td><td>47</td><td>94</td><td>35</td><td>32</td><td>2,785</td><td>98</td><td>363</td><td>-</td><td>14</td><td>-</td><td>6</td><td>7</td><td>6,361</td></tr><tr><td>Missouri</td><td>1,518</td><td>136</td><td>117</td><td>62</td><td>39</td><td>2,143</td><td>281</td><td>368</td><td>-</td><td>20</td><td>-</td><td>6</td><td>1</td><td>15,329</td></tr><tr><td>Montana</td><td>123</td><td>83</td><td>43</td><td>45</td><td>21</td><td>868</td><td>32</td><td>565</td><td>87</td><td>27</td><td>-</td><td>5</td><td>118</td><td>4,503</td></tr><tr><td>Nebraska</td><td>335</td><td>57</td><td>25</td><td>51</td><td>29</td><td>2,512</td><td>435</td><td>559</td><td>-</td><td>20</td><td>-</td><td>14</td><td>5</td><td>8,566</td></tr><tr><td>Nevada</td><td>155</td><td>15</td><td>35</td><td>1</td><td>11</td><td>1,759</td><td>316</td><td>219</td><td>440</td><td>17</td><td>-</td><td>-</td><td>78</td><td>3,747</td></tr><tr><td>New Hampshire</td><td>343</td><td>15</td><td>37</td><td>11</td><td>7</td><td>427</td><td>70</td><td>89</td><td>-</td><td>5</td><td>-</td><td>5</td><td>13</td><td>2,116</td></tr><tr><td>New Jersey</td><td>2,020</td><td>168</td><td>75</td><td>80</td><td>25</td><td>1,209</td><td>78</td><td>178</td><td>-</td><td>9</td><td>-</td><td>20</td><td>1/</td><td>9,583</td></tr><tr><td>New Mexico</td><td>194</td><td>19</td><td>72</td><td>24</td><td>11</td><td>1,841</td><td>543</td><td>189</td><td>105</td><td>20</td><td>-</td><td>-</td><td>477</td><td>4,483</td></tr><tr><td>New York</td><td>9,244</td><td>291</td><td>161</td><td>118</td><td>57</td><td>6,985</td><td>994</td><td>1,376</td><td>-</td><td>49</td><td>25</td><td>1</td><td>1/</td><td>43,413</td></tr><tr><td>North Carolina</td><td>1,150</td><td>84</td><td>112</td><td>97</td><td>61</td><td>3,219</td><td>494</td><td>669</td><td>-</td><td>17</td><td>-</td><td>-</td><td>9</td><td>10,985</td></tr><tr><td>North Dakota</td><td>154</td><td>35</td><td>48</td><td>28</td><td>20</td><td>2,864</td><td>98</td><td>531</td><td>41</td><td>11</td><td>-</td><td>4</td><td>13</td><td>5,041</td></tr><tr><td>Ohio</td><td>2,353</td><td>310</td><td>101</td><td>121</td><td>60</td><td>3,339</td><td>94</td><td>18</td><td>-</td><td>39</td><td>-</td><td>45</td><td>1</td><td>25,405</td></tr><tr><td>Oklahoma</td><td>615</td><td>75</td><td>91</td><td>78</td><td>60</td><td>2,992</td><td>220</td><td>136</td><td>9</td><td>16</td><td>-</td><td>-</td><td>5</td><td>14,235</td></tr><tr><td>Oregon</td><td>655</td><td>29</td><td>56</td><td>24</td><td>23</td><td>1,669</td><td>275</td><td>83</td><td>131</td><td>19</td><td>-</td><td>-</td><td>342</td><td>6,914</td></tr><tr><td>Pennsylvania</td><td>6,673</td><td>250</td><td>133</td><td>163</td><td>71</td><td>4,761</td><td>1,039</td><td>257</td><td>-</td><td>46</td><td>25</td><td>23</td><td>3</td><td>31,286</td></tr><tr><td>Rhode Island</td><td>717</td><td>19</td><td>30</td><td>22</td><td>12</td><td>311</td><td>86</td><td>311</td><td>-</td><td>1</td><td>-</td><td>8</td><td>-</td><td>2,911</td></tr><tr><td>South Carolina</td><td>493</td><td>41</td><td>98</td><td>64</td><td>33</td><td>1,869</td><td>365</td><td>209</td><td>-</td><td>10</td><td>-</td><td>-</td><td>8</td><td>6,052</td></tr><tr><td>South Dakota</td><td>131</td><td>32</td><td>45</td><td>24</td><td>22</td><td>1,985</td><td>-</td><td>280</td><td>5</td><td>13</td><td>-</td><td>11</td><td>27</td><td>5,497</td></tr><tr><td>Tennessee</td><td>876</td><td>64</td><td>80</td><td>46</td><td>47</td><td>3,033</td><td>275</td><td>100</td><td>-</td><td>11</td><td>-</td><td>-</td><td>7</td><td>9,060</td></tr><tr><td>Texas</td><td>1,980</td><td>181</td><td>170</td><td>122</td><td>69</td><td>8,582</td><td>1,897</td><td>1,332</td><td>-</td><td>46</td><td>-</td><td>-</td><td>4</td><td>26,693</td></tr><tr><td>Utah</td><td>302</td><td>12</td><td>55</td><td>30</td><td>15</td><td>1,688</td><td>350</td><td>108</td><td>98</td><td>16</td><td>-</td><td>-</td><td>181</td><td>5,643</td></tr><tr><td>Vermont</td><td>211</td><td>10</td><td>39</td><td>18</td><td>15</td><td>572</td><td>94</td><td>77</td><td>-</td><td>4</td><td>-</td><td>5</td><td>2</td><td>2,033</td></tr><tr><td>Virginia</td><td>846</td><td>59</td><td>95</td><td>72</td><td>40</td><td>3,134</td><td>484</td><td>506</td><td>-</td><td>15</td><td>-</td><td>-</td><td>5</td><td>7,521</td></tr><tr><td>Washington</td><td>688</td><td>59</td><td>51</td><td>55</td><td>20</td><td>2,146</td><td>313</td><td>703</td><td>5</td><td>23</td><td>-</td><td>35</td><td>103</td><td>11,592</td></tr><tr><td>West Virginia</td><td>1,091</td><td>44</td><td>37</td><td>54</td><td>28</td><td>1,331</td><td>139</td><td>340</td><td>-</td><td>15</td><td>-</td><td>-</td><td>2</td><td>6,318</td></tr><tr><td>Wisconsin</td><td>1,089</td><td>81</td><td>65</td><td>77</td><td>34</td><td>3,193</td><td>480</td><td>739</td><td>-</td><td>24</td><td>-</td><td>12</td><td>5</td><td>14,716</td></tr><tr><td>Wyoming</td><td>164</td><td>20</td><td>12</td><td>8</td><td>-</td><td>1,393</td><td>347</td><td>81</td><td>111</td><td>16</td><td>-</td><td>-</td><td>824</td><td>3,911</td></tr><tr><td>Alaska</td><td>40</td><td>7</td><td>39</td><td>6</td><td>7</td><td>-</td><td>-</td><td>126</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>502</td></tr><tr><td>District of Columbia</td><td>463</td><td>-</td><td>54</td><td>44</td><td>16</td><td>-</td><td>-</td><td>157</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,460</td></tr><tr><td>Hawaii</td><td>136</td><td>13</td><td>35</td><td>23</td><td>12</td><td>545</td><td>39</td><td>157</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,670</td></tr><tr><td>Philippine Islands</td><td>-</td><td>-</td><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>Puerto Rico</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>314</td><td>46</td><td>76</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1/</td><td>1,040</td></tr><tr><td>Virgin Islands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Total</td><td>58,812</td><td>4,046</td><td>3,739</td><td>3,029</td><td>1,521</td><td>117,720 3/</td><td>16,143 3/</td><td>20,268 3/</td><td>1,686 1/</td><td>890</td><td>100</td><td>594</td><td>4,494</td><td>543,046</td></tr></table>
Note: This table of expenditures parallels Table 1, "Regular Federal Grants-in-Aid to States," and Table 2, "Federal Revenue Shared with States." Expenditures for related categories of grants-in-aid and for all shared revenues have been grouped. The numbers given in the column headings correspond to the item numbers in Table 1. No expenditures were reported for item number 24. For expenditures from other than regular appropriations and for selected expenditures within States see Table 4. Figures are rounded to nearest thousand and will not necessarily add to totals.
1/ Less than $500.
2/ No grant made. Figure shown represents refund of unexpended grants for prior year.
3/ Item 20 includes $96,417.34 expended for cooperative construction of rural post roads. Items 20-22 exclude expenditures from emergency appropriations amounting to $35,705,570.43 and expenditures for forest roads and trails amounting to $13,471,591.47.
6
Table 4 - Federal Expenditures for Grants-in-aid to States and Revenues Shared with States, and Selected Federal Expenditures within States, Fiscal Year Ending June 30, 1939
(In thousands of dollars)
<table><tr><th>State or Jurisdiction</th><th>Expenditures from regular appropriations shown in Table 3</th><th>Agricultural Adjustment Program</th><th>Farm Security Administration</th><th>High-ways 1/</th><th>National Guard</th><th>Civilian Conservation Corps</th><th>Federal Emergency Administration of Public Works Grants</th><th>National Youth Administration</th><th>Office of Education</th><th>Puerto Rico Reconstruction Administration</th><th>Works Progress Administration</th><th>Total</th><th>Grand total</th></tr><tr><td>Alabama</td><td>9,055</td><td>33,198</td><td>12,011</td><td>710</td><td>739</td><td>5,017</td><td>6,459</td><td>1,608</td><td>4</td><td>-</td><td>28,269</td><td>88,015</td><td>97,070</td></tr><tr><td>Arizona</td><td>4,955</td><td>4,172</td><td>1,263</td><td>786</td><td>256</td><td>4,859</td><td>2,121</td><td>268</td><td>-</td><td>-</td><td>7,705</td><td>21,430</td><td>26,355</td></tr><tr><td>Arkansas</td><td>6,828</td><td>28,971</td><td>10,429</td><td>880</td><td>870</td><td>6,893</td><td>2,277</td><td>1,603</td><td>14</td><td>-</td><td>24,299</td><td>76,186</td><td>83,014</td></tr><tr><td>California</td><td>38,343</td><td>15,626</td><td>5,279</td><td>3,466</td><td>1,767</td><td>14,576</td><td>18,223</td><td>2,959</td><td>26</td><td>-</td><td>91,955</td><td>153,867</td><td>192,210</td></tr><tr><td>Colorado</td><td>10,916</td><td>11,709</td><td>7,663</td><td>2,523</td><td>682</td><td>7,109</td><td>3,613</td><td>842</td><td>1</td><td>-</td><td>20,960</td><td>55,102</td><td>66,018</td></tr><tr><td>Connecticut</td><td>5,128</td><td>566</td><td>233</td><td>228</td><td>1,013</td><td>1,869</td><td>8,922</td><td>852</td><td>3/</td><td>-</td><td>23,989</td><td>37,672</td><td>42,800</td></tr><tr><td>Delaware</td><td>1,426</td><td>708</td><td>58</td><td>396</td><td>266</td><td>934</td><td>736</td><td>78</td><td>-</td><td>-</td><td>2,321</td><td>5,497</td><td>6,923</td></tr><tr><td>Florida</td><td>6,677</td><td>4,095</td><td>3,003</td><td>390</td><td>525</td><td>2,990</td><td>3,529</td><td>1,081</td><td>2/</td><td>-</td><td>27,772</td><td>43,384</td><td>50,061</td></tr><tr><td>Georgia</td><td>7,856</td><td>31,885</td><td>9,127</td><td>2,644</td><td>848</td><td>5,421</td><td>4,738</td><td>1,720</td><td>17</td><td>-</td><td>30,147</td><td>86,547</td><td>94,413</td></tr><tr><td>Idaho</td><td>4,718</td><td>6,512</td><td>2,688</td><td>1,923</td><td>337</td><td>9,114</td><td>11,495</td><td>474</td><td>7</td><td>-</td><td>7,075</td><td>29,625</td><td>34,343</td></tr><tr><td>Illinois</td><td>25,693</td><td>20,804</td><td>4,359</td><td>1,039</td><td>2,139</td><td>9,530</td><td>22,502</td><td>4,356</td><td>3</td><td>-</td><td>177,837</td><td>242,569</td><td>268,262</td></tr><tr><td>Indiana</td><td>16,271</td><td>12,552</td><td>4,154</td><td>375</td><td>1,129</td><td>5,297</td><td>11,778</td><td>1,712</td><td>3</td><td>-</td><td>66,263</td><td>103,263</td><td>119,531</td></tr><tr><td>Iowa</td><td>13,916</td><td>30,082</td><td>4,370</td><td>141</td><td>791</td><td>5,651</td><td>5,766</td><td>932</td><td>3</td><td>-</td><td>21,737</td><td>69,473</td><td>83,389</td></tr><tr><td>Kansas</td><td>9,173</td><td>24,537</td><td>5,313</td><td>421</td><td>629</td><td>2,429</td><td>4,707</td><td>1,429</td><td>-</td><td>-</td><td>21,455</td><td>60,920</td><td>70,093</td></tr><tr><td>Kentucky</td><td>7,803</td><td>10,776</td><td>2,443</td><td>766</td><td>566</td><td>5,935</td><td>5,793</td><td>1,822</td><td>1</td><td>-</td><td>37,593</td><td>65,695</td><td>73,498</td></tr><tr><td>Louisiana</td><td>7,543</td><td>22,549</td><td>5,260</td><td>1,030</td><td>372</td><td>5,195</td><td>9,454</td><td>1,734</td><td>1</td><td>-</td><td>26,783</td><td>72,378</td><td>79,921</td></tr><tr><td>Maine</td><td>4,935</td><td>2,204</td><td>1,941</td><td>216</td><td>472</td><td>1,495</td><td>1,923</td><td>629</td><td>-</td><td>-</td><td>6,324</td><td>15,210</td><td>20,145</td></tr><tr><td>Maryland</td><td>5,978</td><td>2,060</td><td>875</td><td>1,250</td><td>892</td><td>3,638</td><td>6,531</td><td>449</td><td>2</td><td>-</td><td>10,022</td><td>25,719</td><td>31,697</td></tr><tr><td>Massachusetts</td><td>21,936</td><td>588</td><td>274</td><td>976</td><td>2,211</td><td>3,417</td><td>12,197</td><td>2,264</td><td>10</td><td>-</td><td>100,810</td><td>122,747</td><td>144,683</td></tr><tr><td>Michigan</td><td>19,050</td><td>11,556</td><td>2,784</td><td>808</td><td>1,206</td><td>8,202</td><td>13,954</td><td>2,725</td><td>1</td><td>-</td><td>121,341</td><td>162,577</td><td>181,627</td></tr><tr><td>Minnesota</td><td>16,247</td><td>17,537</td><td>3,999</td><td>544</td><td>1,113</td><td>8,222</td><td>6,954</td><td>1,828</td><td>11</td><td>-</td><td>52,228</td><td>92,436</td><td>108,683</td></tr><tr><td>Mississippi</td><td>6,361</td><td>36,832</td><td>8,155</td><td>760</td><td>459</td><td>5,419</td><td>4,500</td><td>1,287</td><td>1</td><td>-</td><td>21,028</td><td>78,440</td><td>84,801</td></tr><tr><td>Missouri</td><td>15,329</td><td>17,764</td><td>7,240</td><td>477</td><td>1,200</td><td>7,662</td><td>10,420</td><td>1,902</td><td>-</td><td>-</td><td>66,996</td><td>113,661</td><td>128,990</td></tr><tr><td>Montana</td><td>4,503</td><td>8,660</td><td>6,231</td><td>1,275</td><td>291</td><td>5,518</td><td>2,261</td><td>561</td><td>-</td><td>-</td><td>15,322</td><td>40,119</td><td>44,622</td></tr><tr><td>Nebraska</td><td>8,566</td><td>18,317</td><td>6,751</td><td>439</td><td>205</td><td>2,803</td><td>6,271</td><td>854</td><td>-</td><td>-</td><td>20,349</td><td>55,989</td><td>64,555</td></tr><tr><td>Nevada</td><td>3,747</td><td>167</td><td>196</td><td>414</td><td>82</td><td>3,463</td><td>295</td><td>50</td><td>-</td><td>-</td><td>1,744</td><td>6,411</td><td>10,158</td></tr><tr><td>New Hampshire</td><td>2,116</td><td>414</td><td>326</td><td>265</td><td>327</td><td>1,682</td><td>2,013</td><td>329</td><td>-</td><td>-</td><td>7,021</td><td>12,377</td><td>14,493</td></tr><tr><td>New Jersey</td><td>9,583</td><td>1,233</td><td>623</td><td>558</td><td>1,423</td><td>4,111</td><td>10,056</td><td>2,379</td><td>10</td><td>-</td><td>80,708</td><td>101,101</td><td>110,684</td></tr><tr><td>New Mexico</td><td>4,483</td><td>2,774</td><td>1,114</td><td>654</td><td>255</td><td>7,101</td><td>1,302</td><td>582</td><td>4</td><td>-</td><td>8,285</td><td>22,071</td><td>26,554</td></tr><tr><td>New York</td><td>43,413</td><td>3,698</td><td>1,763</td><td>1,773</td><td>3,820</td><td>10,091</td><td>55,572</td><td>7,617</td><td>85</td><td>-</td><td>234,222</td><td>318,641</td><td>362,054</td></tr><tr><td>North Carolina</td><td>10,985</td><td>21,965</td><td>5,934</td><td>1,672</td><td>658</td><td>7,475</td><td>8,824</td><td>1,610</td><td>17</td><td>-</td><td>22,752</td><td>70,906</td><td>81,891</td></tr><tr><td>North Dakota</td><td>5,041</td><td>17,106</td><td>9,338</td><td>806</td><td>231</td><td>1,308</td><td>1,200</td><td>786</td><td>1</td><td>-</td><td>9,634</td><td>40,410</td><td>45,452</td></tr><tr><td>Ohio</td><td>25,405</td><td>12,233</td><td>4,577</td><td>2,605</td><td>1,969</td><td>5,980</td><td>23,888</td><td>3,453</td><td>11</td><td>-</td><td>201,223</td><td>255,939</td><td>281,344</td></tr><tr><td>Oklahoma</td><td>14,235</td><td>28,403</td><td>7,000</td><td>657</td><td>1,009</td><td>6,562</td><td>5,517</td><td>2,262</td><td>18</td><td>-</td><td>35,232</td><td>86,660</td><td>100,895</td></tr><tr><td>Oregon</td><td>6,914</td><td>4,409</td><td>2,277</td><td>2,151</td><td>681</td><td>10,465</td><td>3,141</td><td>495</td><td>5</td><td>-</td><td>13,658</td><td>37,282</td><td>44,196</td></tr><tr><td>Pennsylvania</td><td>31,286</td><td>4,394</td><td>1,705</td><td>2,756</td><td>2,689</td><td>9,573</td><td>26,903</td><td>5,299</td><td>2</td><td>-</td><td>204,910</td><td>258,231</td><td>289,517</td></tr><tr><td>Rhode Island</td><td>2,911</td><td>59</td><td>78</td><td>12</td><td>370</td><td>748</td><td>3,416</td><td>454</td><td>1</td><td>-</td><td>13,946</td><td>19,084</td><td>21,995</td></tr><tr><td>South Carolina</td><td>6,052</td><td>21,103</td><td>4,991</td><td>865</td><td>534</td><td>5,694</td><td>10,939</td><td>1,086</td><td>15</td><td>-</td><td>21,869</td><td>67,096</td><td>73,148</td></tr><tr><td>South Dakota</td><td>5,497</td><td>15,069</td><td>9,437</td><td>729</td><td>274</td><td>3,311</td><td>558</td><td>843</td><td>-</td><td>-</td><td>10,245</td><td>40,466</td><td>45,963</td></tr><tr><td>Tennessee</td><td>9,060</td><td>16,531</td><td>2,857</td><td>581</td><td>691</td><td>6,914</td><td>6,499</td><td>1,576</td><td>7</td><td>-</td><td>23,326</td><td>58,982</td><td>68,042</td></tr><tr><td>Texas</td><td>26,693</td><td>95,662</td><td>11,421</td><td>1,807</td><td>1,893</td><td>10,914</td><td>13,878</td><td>3,346</td><td>25</td><td>-</td><td>52,236</td><td>191,182</td><td>217,875</td></tr><tr><td>Utah</td><td>5,643</td><td>3,502</td><td>1,338</td><td>649</td><td>330</td><td>5,606</td><td>1,572</td><td>540</td><td>2</td><td>-</td><td>8,628</td><td>22,167</td><td>27,810</td></tr><tr><td>Vermont</td><td>2,033</td><td>1,021</td><td>297</td><td>171</td><td>228</td><td>3,363</td><td>1,082</td><td>135</td><td>1</td><td>-</td><td>4,501</td><td>10,799</td><td>12,832</td></tr><tr><td>Virginia</td><td>7,521</td><td>6,162</td><td>1,805</td><td>936</td><td>757</td><td>10,389</td><td>7,401</td><td>1,237</td><td>2/</td><td>-</td><td>14,381</td><td>43,068</td><td>50,589</td></tr><tr><td>Washington</td><td>11,592</td><td>5,091</td><td>2,241</td><td>1,152</td><td>863</td><td>7,467</td><td>9,853</td><td>931</td><td>10</td><td>-</td><td>35,240</td><td>62,848</td><td>74,440</td></tr><tr><td>West Virginia</td><td>6,318</td><td>1,846</td><td>3,237</td><td>1,012</td><td>306</td><td>4,672</td><td>3,349</td><td>1,538</td><td>-</td><td>-</td><td>28,662</td><td>44,622</td><td>50,940</td></tr><tr><td>Wisconsin</td><td>14,716</td><td>11,128</td><td>5,005</td><td>746</td><td>1,021</td><td>8,616</td><td>9,025</td><td>2,033</td><td>10</td><td>-</td><td>59,046</td><td>96,630</td><td>111,945</td></tr><tr><td>Wyoming</td><td>3,911</td><td>3,498</td><td>3,535</td><td>759</td><td>214</td><td>5,046</td><td>654</td><td>158</td><td>-</td><td>-</td><td>2,961</td><td>16,825</td><td>20,735</td></tr><tr><td>Alaska</td><td>502</td><td>1</td><td>800</td><td>79</td><td>433</td><td>561</td><td>309</td><td>2</td><td>-</td><td>-</td><td>17,450</td><td>31,804</td><td>33,324</td></tr><tr><td>District of Columbia</td><td>1,460</td><td>6,548</td><td>3,855</td><td>103</td><td>257</td><td>788</td><td>1,503</td><td>42</td><td>-</td><td>-</td><td>2,192</td><td>18,107</td><td>19,777</td></tr><tr><td>Hawaii</td><td>1,670</td><td>13,034</td><td>188</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Philippine Islands</td><td>-</td><td>29</td><td>-</td><td>3</td><td>228</td><td>1,045</td><td>2,275</td><td>47</td><td>-</td><td>-</td><td>2,192</td><td>29</td><td>29</td></tr><tr><td>Puerto Rico</td><td>1,040</td><td>11,513</td><td>140</td><td>3</td><td>-</td><td>242</td><td>17</td><td>-</td><td>-</td><td>-</td><td>10,541</td><td>25,592</td><td>26,632</td></tr><tr><td>Virgin Islands</td><td>1</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>281</td><td>282</td></tr><tr><td>Totals</td><td>543,046</td><td>682,652</td><td>201,203</td><td>49,177</td><td>42,521</td><td>283,226</td><td>390,456</td><td>75,147</td><td>574</td><td>10,541</td><td>2,144,651</td><td>3,880,148</td><td>4,423,194</td></tr></table>
Note: This table is on the same basis as Table 61, "Expenditures made by the Government as direct payments to States, etc. under cooperative arrangements and expenditures within States which provided relief and other aid during the fiscal year 1939," included in the Annual Report of the Secretary of the Treasury for the Fiscal Year Ended June 30, 1939, except that it is rearranged and presented in a slightly different form, and includes $2,361,000 of expenditures for the investigation and control of venereal diseases. Figures rounded to nearest thousand and will not necessarily add to totals.
1/ Includes (1) expenditures from emergency appropriations for Federal aid highways, secondary highways, grade crossing elimination and public land highways, and (2) expenditures for forest roads and trails.
2/ Less than $500.
FEDERAL RECEIPTS AND EXPENDITURES
7
8
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">Change '39 -'40</th><th colspan="6">Public Debt</th><th rowspan="2">Change '39 -'40</th></tr><tr><th colspan="6">First 10 months fiscal year-</th><th colspan="6">Outstanding on April 30 of fiscal year-</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>3,091</td><td>3,331</td><td>4,091</td><td>5,093</td><td>4,658</td><td>4,741</td><td>+ 83</td><td>Market issues, etc.</td><td>28,093</td><td>30,693</td><td>34,059</td><td>35,009</td><td>36,571</td><td>38,162</td><td>+1,591</td></tr><tr><td>Expenditures.</td><td>5,789</td><td>5,552</td><td>6,590</td><td>6,128</td><td>7,514</td><td>7,868</td><td>+354</td><td>Special issues....</td><td>575</td><td>732</td><td>882</td><td>2,501</td><td>3,492</td><td>4,496</td><td>+1,004</td></tr><tr><td>Deficit....</td><td>2,698</td><td>2,221</td><td>2,499</td><td>1,035</td><td>2,856</td><td>3,127</td><td>+271</td><td>Gross debt......</td><td>28,668</td><td>31,425</td><td>34,941</td><td>37,510</td><td>40,063</td><td>42,658</td><td>+2,595</td></tr></table>
Receipts and Expenditures
First 10 Months, Fiscal Years 1935 to 1940
(In millions of dollars - on basis of 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 1939-1940</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax......</td><td>822</td><td>1,081</td><td>1,564</td><td>2,044</td><td>1,784</td><td>1,621</td><td>-163</td></tr><tr><td>Miscellaneous Internal Revenues......</td><td>1,383</td><td>1,687</td><td>1,802</td><td>1,925</td><td>1,852</td><td>1,965</td><td>+113</td></tr><tr><td>Taxes under Social Security Act..</td><td>-</td><td>-</td><td>140</td><td>494</td><td>509</td><td>577</td><td>+ 68</td></tr><tr><td>Taxes upon carriers and their employees.....</td><td>-</td><td>-</td><td>-</td><td>124</td><td>82</td><td>89</td><td>+ 7</td></tr><tr><td>Customs......</td><td>285</td><td>324</td><td>398</td><td>315</td><td>269</td><td>294</td><td>+ 25</td></tr><tr><td>Other......</td><td>601</td><td>239</td><td>187</td><td>191</td><td>162</td><td>195</td><td>+ 33</td></tr><tr><td>Total Receipts.</td><td>3,091</td><td>3,331</td><td>4,091</td><td>5,093</td><td>4,658</td><td>4,741</td><td>+ 83</td></tr><tr><td>Expenditures:</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>1,107</td><td>1,324</td><td>1,311</td><td>1,327</td><td>1,420</td><td>1,716</td><td>+296</td></tr><tr><td>Social Security and E. R. Retirement Acts.</td><td>-</td><td>9</td><td>332</td><td>772</td><td>799</td><td>867</td><td>+ 68</td></tr><tr><td>Agricultural Adjustment Program......</td><td>612</td><td>438</td><td>446</td><td>254</td><td>603</td><td>903</td><td>+300</td></tr><tr><td>Interest on the public debt...</td><td>678</td><td>610</td><td>664</td><td>684</td><td>658</td><td>726</td><td>+ 68</td></tr><tr><td>Public Works.....</td><td>549</td><td>572</td><td>824</td><td>688</td><td>796</td><td>749</td><td>- 47</td></tr><tr><td>Unemployment relief......</td><td>1,913</td><td>1,882</td><td>2,058</td><td>1,527</td><td>2,191</td><td>1,599</td><td>-592</td></tr><tr><td>Loans and stock subscriptions.....</td><td>369</td><td>5</td><td>159</td><td>87</td><td>169</td><td>199</td><td>+ 30</td></tr><tr><td>Other......</td><td>561</td><td>712</td><td>796</td><td>789</td><td>878</td><td>1,109</td><td>+231</td></tr><tr><td>Total Expenditures......</td><td>5,789</td><td>5,552</td><td>6,590</td><td>6,128</td><td>7,514</td><td>7,858</td><td>+354</td></tr><tr><td>Excess of Expenditures.</td><td>2,698</td><td>2,221</td><td>2,499</td><td>1,035</td><td>2,856</td><td>3,127</td><td>+271</td></tr></table>
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>Actual 1938</th><th>Actual 1939</th><th>Estimated 1940</th><th>Actual 10 months 1940</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax</td><td>2,635</td><td>2,182</td><td>1,953</td><td>1,621</td></tr><tr><td>Miscellaneous Internal Revenues</td><td>2,279</td><td>2,232</td><td>2,356</td><td>1,965</td></tr><tr><td>Taxes under Social Security Act</td><td>604</td><td>631</td><td>703</td><td>577</td></tr><tr><td>Taxes upon carriers and their employees</td><td>150</td><td>109</td><td>124</td><td>89</td></tr><tr><td>Customs</td><td>359</td><td>319</td><td>283</td><td>294</td></tr><tr><td>Other</td><td>215</td><td>195</td><td>285</td><td>195</td></tr><tr><td>Total Receipts</td><td>6,242</td><td>5,668</td><td>5,704</td><td>4,741</td></tr><tr><td>Expenditures:</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>2,162</td><td>1,716</td></tr><tr><td>Social Security and R. B. Retirement Acts</td><td>823</td><td>954</td><td>1,046</td><td>867</td></tr><tr><td>Agricultural Adjustment Program</td><td>362</td><td>782</td><td>937</td><td>903</td></tr><tr><td>Interest on the public debt</td><td>926</td><td>940</td><td>1,050</td><td>726</td></tr><tr><td>Public Works</td><td>794</td><td>948</td><td>946</td><td>749</td></tr><tr><td>Unemployment relief</td><td>1,914</td><td>2,595</td><td>1,838</td><td>1,599</td></tr><tr><td>Loans and stock subscriptions</td><td>135</td><td>212</td><td>251</td><td>199</td></tr><tr><td>Other</td><td>1,062</td><td>1,099</td><td>1,407</td><td>1,109</td></tr><tr><td>Total Expenditures</td><td>7,626</td><td>9,210</td><td>9,637</td><td>7,868</td></tr><tr><td>Net deficit</td><td>1,384</td><td>3,542</td><td>3,933</td><td>3,127</td></tr><tr><td>Financing of deficit:</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>1,691</td><td>1,492</td></tr><tr><td>Special issues</td><td>1,118</td><td>1,094</td><td>1,092</td><td>726</td></tr><tr><td>Total debt increase</td><td>740</td><td>3,274</td><td>2,783</td><td>2,218</td></tr><tr><td>Net increase in working balance, general and special accounts (deduct)</td><td>644*</td><td>268*</td><td>1,150*</td><td>909*</td></tr><tr><td></td><td>1,384</td><td>3,542</td><td>3,933</td><td>3,127</td></tr></table>
1/ Decrease, deduct. Decrease in balance, add.
RECONCILIATION, DEFICIT AND DEBT INCREASE, FIRST 10 MONTHS OF FISCAL YEAR 1940
<table><tr><td>Increase in debt:</td><td></td><td></td></tr><tr><td>New issue (less redemptions)</td><td>2,218</td><td></td></tr><tr><td>Accounted for:</td><td></td><td>3,127</td></tr><tr><td>Deficit</td><td></td><td></td></tr><tr><td>Decrease, cash balance</td><td>628</td><td></td></tr><tr><td>Trust fund net receipts</td><td>281</td><td>909</td></tr><tr><td></td><td></td><td>2,218</td></tr></table>
9
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><b>Receipts</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>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>353</td><td>335</td><td>868</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>321</td><td>407</td><td>569</td><td>5,484</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>934</td><td>304</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Expenditures</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>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>9,364</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>8,360</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>764</td><td>691</td><td>889</td><td>9,504</td></tr><tr><td>1940</td><td>713</td><td>668</td><td>1,006</td><td>792</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Excess of expenditures</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>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>284</td><td>184</td><td>409</td><td>336</td><td>211</td><td>4,932</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>74</td><td>443</td><td>284</td><td>320</td><td>4,020</td></tr><tr><td>1940</td><td>398</td><td>224</td><td>72</td><td>488</td><td></td><td></td><td></td><td></td><td></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>Total</th><th>Income tax</th><th>Social Security 3/</th><th>Other</th><th>Customs</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 accounts etc.</th><th>Debt retirement</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>-1,953</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>1939-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>613</td><td>574</td><td>355</td><td>25</td><td>195</td><td>25</td><td>14</td><td>973</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>167</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><tr><td>Oct....</td><td>321</td><td>272</td><td>37</td><td>36</td><td>199</td><td>32</td><td>17</td><td>764</td><td>527</td><td>175</td><td>9</td><td>53</td><td>1</td><td>-443</td></tr><tr><td>Nov....</td><td>407</td><td>355</td><td>34</td><td>130</td><td>191</td><td>29</td><td>23</td><td>691</td><td>451</td><td>182</td><td>5</td><td>53</td><td>-</td><td>-244</td></tr><tr><td>Dec....</td><td>569</td><td>518</td><td>318</td><td>5</td><td>195</td><td>28</td><td>23</td><td>889</td><td>629</td><td>194</td><td>(1)</td><td>58</td><td>9</td><td>-320</td></tr><tr><td>1940-Jan....</td><td>315</td><td>258</td><td>45</td><td>45</td><td>168</td><td>36</td><td>21</td><td>713</td><td>528</td><td>185</td><td>4</td><td>(5)</td><td>1</td><td>-198</td></tr><tr><td>Feb....</td><td>444</td><td>395</td><td>63</td><td>178</td><td>194</td><td>26</td><td>23</td><td>668</td><td>486</td><td>168</td><td>4</td><td>10</td><td>-</td><td>-324</td></tr><tr><td>Mar....</td><td>934</td><td>886</td><td>665</td><td>29</td><td>192</td><td>23</td><td>19</td><td>1,006</td><td>606</td><td>210</td><td>6</td><td>135</td><td>50</td><td>-72</td></tr><tr><td>Apr....</td><td>304</td><td>261</td><td>48</td><td>39</td><td>175</td><td>27</td><td>16</td><td>792</td><td>550</td><td>207</td><td>6</td><td>20</td><td>9</td><td>-488</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.
(*) Indicated excess of credits, deduct.
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1935 to Date
10
11
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 1/</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/</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>2/</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>2/</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>1939-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><tr><td>Oct.</td><td>527</td><td>64</td><td>108</td><td>45</td><td>63</td><td>97</td><td>24</td><td>43</td><td>68</td><td>15</td></tr><tr><td>Nov.</td><td>451</td><td>51</td><td>112</td><td>45</td><td>59</td><td>117</td><td>23</td><td>24</td><td>12</td><td>8</td></tr><tr><td>Dec.</td><td>629</td><td>59</td><td>119</td><td>45</td><td>54</td><td>102</td><td>23</td><td>21</td><td>190</td><td>16</td></tr><tr><td>1940-Jan.</td><td>528</td><td>63</td><td>127</td><td>46</td><td>47</td><td>119</td><td>23</td><td>41</td><td>38</td><td>24</td></tr><tr><td>Feb.</td><td>486</td><td>56</td><td>124</td><td>45</td><td>40</td><td>128</td><td>22</td><td>38</td><td>19</td><td>14</td></tr><tr><td>Mar.</td><td>606</td><td>57</td><td>138</td><td>46</td><td>38</td><td>105</td><td>24</td><td>28</td><td>146</td><td>24</td></tr><tr><td>Apr.</td><td>550</td><td>60</td><td>155</td><td>47</td><td>42</td><td>78</td><td>22</td><td>48</td><td>69</td><td>29</td></tr></table>
1/ Includes public buildings, public highways, rivers and harbors, Tennessee Valley Authority, Rural Electrification 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>Piecals 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>764</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>1939-Apr.</td><td>266</td><td>173</td><td>61</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>149</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><tr><td>Oct.</td><td>175</td><td>113</td><td>52</td><td>*</td><td>*</td><td>8</td><td>2</td></tr><tr><td>Nov.</td><td>182</td><td>112</td><td>61</td><td>*</td><td>*</td><td>9</td><td>-</td></tr><tr><td>Dec.</td><td>194</td><td>124</td><td>53</td><td>*</td><td>6</td><td>11</td><td>1</td></tr><tr><td>1940-Jan.</td><td>185</td><td>120</td><td>49</td><td>*</td><td>5</td><td>11</td><td>-</td></tr><tr><td>Feb.</td><td>168</td><td>113</td><td>40</td><td>*</td><td>1</td><td>14</td><td>-</td></tr><tr><td>Mar.</td><td>210</td><td>134</td><td>49</td><td>*</td><td>3</td><td>22</td><td>2</td></tr><tr><td>Apr.</td><td>207</td><td>133</td><td>46</td><td>*</td><td>(*)</td><td>28</td><td>-</td></tr></table>
1/ Includes fund 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.
5/ Less than $500,000.
( ) Indicatee excess of credits, deduct.
12
Expenditures
Revolving Funds (Net), and Transfers to Trust Accounts, etc.
(In millions of dollars - on basis of daily Treasury statement, unrevised)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Revolving funds (net)</th><th colspan="5">Transfers to trust accounts, etc.</th></tr><tr><th>Total</th><th>Agricultural Aid</th><th>Public Works</th><th>Total</th><th>Federal Old-Age and Survivors Insurance Trust Fund/</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>(16)</td><td>222</td><td>868</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>1939-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><tr><td>Oct.</td><td>9</td><td>(1)</td><td>10</td><td>53</td><td>43</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nov.</td><td>5</td><td>(1)</td><td>6</td><td>53</td><td>43</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>(1)</td><td>(1)</td><td>(*)</td><td>58</td><td>48</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1940-Jan.</td><td>4</td><td>(*)</td><td>4</td><td>(5)</td><td>-</td><td>10</td><td>-</td><td>(15)</td><td>-</td></tr><tr><td>Feb.</td><td>4</td><td>(*)</td><td>4</td><td>10</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>6</td><td>(*)</td><td>6</td><td>135</td><td>135</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>6</td><td>(*)</td><td>6</td><td>20</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td></tr></table>
Less than $500,000. ( ) Indicates excess of credits, deduct. 1/ Includee transactions formerly classified as "Old-Age Reserve Account".
13
Collections of Internal Revenue
(in thousands of dollars - on basis of reports of collections)
<table><tr><th>Sources of Revenue</th><th colspan="2">April</th><th colspan="2">July 1 - April 30</th><th>Sources of Revenue</th><th colspan="2">April</th><th colspan="2">July 1 - April 30</th></tr><tr><th></th><th>1940</th><th>1939</th><th>Fiscal year 1940</th><th>Fiscal year 1939</th><th></th><th>1940</th><th>1939</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></td><td></td><td></td><td></td><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Current</td><td>16,878</td><td>11,337</td><td>702,794</td><td>784,016</td><td>Lubricating oils</td><td>2,026</td><td>2,191</td><td>25,455</td><td>25,452</td></tr><tr><td>Back</td><td>12,408</td><td>12,530</td><td>129,853</td><td>126,349</td><td>Gasoline</td><td>15,185</td><td>15,182</td><td>186,142</td><td>172,846</td></tr><tr><td>Individual</td><td></td><td></td><td></td><td></td><td>Tires and inner tubes</td><td>1,777</td><td>4,161</td><td>33,709</td><td>28,599</td></tr><tr><td>Current</td><td>9,353</td><td>6,623</td><td>691,937</td><td>770,705</td><td>Automobile trucks</td><td>568</td><td>567</td><td>6,393</td><td>4,782</td></tr><tr><td>Back</td><td>6,081</td><td>8,341</td><td>75,800</td><td>74,814</td><td>Other automobiles and motorcycles</td><td>4,386</td><td>3,664</td><td>45,562</td><td>33,394</td></tr><tr><td>Excess-profits</td><td>768</td><td>461</td><td>14,131</td><td>24,246</td><td>Parts or accessories for automobiles</td><td>704</td><td>588</td><td>8,056</td><td>6,562</td></tr><tr><td>Total income taxes</td><td>45,498</td><td>39,292</td><td>1,614,515</td><td>1,780,130</td><td>Electrical energy</td><td>3,110</td><td>3,284</td><td>34,654</td><td>33,235</td></tr><tr><td>Taxes on unjust enrichment</td><td>720</td><td>566</td><td>6,937</td><td>5,187</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>300</td><td>287</td><td>5,129</td><td>4,297</td></tr><tr><td>Miscellaneous internal revenues:</td><td></td><td></td><td></td><td></td><td>Mechanical refrigerators</td><td>874</td><td>849</td><td>7,335</td><td>4,720</td></tr><tr><td>Capital stock tax</td><td>312</td><td>141</td><td>132,006</td><td>126,892</td><td>Firearms, shells, and cartridges</td><td>176</td><td>155</td><td>3,115</td><td>2,476</td></tr><tr><td>Estate tax</td><td>27,854</td><td>32,673</td><td>286,950</td><td>274,486</td><td>Pistols and revolvers</td><td>7</td><td>2</td><td>65</td><td>52</td></tr><tr><td>Gift tax</td><td>1,472</td><td>953</td><td>27,923</td><td>27,519</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>415</td><td>719</td><td>6,131</td><td>9,000</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>22</td><td>126</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>1,776</td><td>1,776</td><td>21,960</td><td>21,419</td><td>Brewers' wort and malt (repealed as of 7/1/38)</td><td>1/</td><td>1/</td><td>4</td><td>12</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>22,100</td><td>21,929</td><td>236,468</td><td>219,687</td><td>Articles made of fur (repealed as of 7/1/38)</td><td>11</td><td>21</td><td>139</td><td>334</td></tr><tr><td>Distilled spirits rectification tax</td><td>832</td><td>887</td><td>9,745</td><td>9,276</td><td>Sporting goods (repealed as of 7/1/38)</td><td>4</td><td>79</td><td>98</td><td>833</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>35</td><td>35</td><td>490</td><td>431</td><td>Cameras and lenses (repealed as of 7/1/38)</td><td>3</td><td>1/</td><td>7</td><td>187</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>540</td><td>431</td><td>5,913</td><td>5,052</td><td>Chewing gum (repealed as of 7/1/38)</td><td>1/</td><td>1/</td><td>2</td><td>106</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>46</td><td>288</td><td>952</td><td>794</td><td>Total manufacturers' excise taxes</td><td>29,606</td><td>31,750</td><td>362,018</td><td>327,013</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>62</td><td>58</td><td>4,526</td><td>4,756</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>337</td><td>309</td><td>3,510</td><td>2,965</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>73</td><td>40</td><td>915</td><td>386</td><td>Sugar Act of 1937</td><td>4,400</td><td>5,422</td><td>56,325</td><td>55,332</td></tr><tr><td>Container stamps</td><td>748</td><td>841</td><td>8,332</td><td>8,106</td><td>Telephone, telegraph, radio and cable facilities, leased wires, etc.</td><td>1,791</td><td>2,013</td><td>21,475</td><td>20,409</td></tr><tr><td>Floor taxes</td><td>1/</td><td>6</td><td>12</td><td>5,413</td><td>Transportation of oil by pipe line</td><td>807</td><td>735</td><td>9,440</td><td>9,114</td></tr><tr><td>Fermented malt liquors</td><td>20,547</td><td>19,947</td><td>210,795</td><td>205,457</td><td>Leases of safe-deposit boxes</td><td>166</td><td>172</td><td>1,666</td><td>1,658</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>39</td><td>39</td><td>2,490</td><td>2,577</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>2,001</td><td>1,385</td><td>18,451</td><td>16,374</td></tr><tr><td>Total alcoholic beverage taxes</td><td>46,798</td><td>46,277</td><td>502,598</td><td>483,354</td><td>Club dues and initiation fees</td><td>465</td><td>455</td><td>5,054</td><td>4,918</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>1</td><td>19</td><td>18</td></tr><tr><td>Cigars (large)</td><td>1,030</td><td>959</td><td>10,692</td><td>10,497</td><td>Oleomargarines, including special taxes</td><td>75</td><td>71</td><td>1,615</td><td>1,787</td></tr><tr><td>Cigars (small)</td><td>9</td><td>9</td><td>89</td><td>98</td><td>Narcotics, including marihuana and special taxes</td><td>27</td><td>17</td><td>357</td><td>314</td></tr><tr><td>Cigarettes (large)</td><td>1</td><td>1</td><td>15</td><td>14</td><td>Coconut and other vegetable oils processed</td><td>1,413</td><td>2,565</td><td>18,829</td><td>23,174</td></tr><tr><td>Cigarettes (small)</td><td>44,459</td><td>36,808</td><td>431,523</td><td>407,917</td><td>National Firearms Act</td><td>1</td><td>1/</td><td>5</td><td>5</td></tr><tr><td>Smuff</td><td>612</td><td>542</td><td>5,653</td><td>5,707</td><td>All other, including repealed taxes not listed above</td><td>15</td><td>4</td><td>157</td><td>266</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,515</td><td>4,071</td><td>45,161</td><td>45,073</td><td>Total miscellaneous taxes</td><td>11,500</td><td>13,149</td><td>136,903</td><td>136,334</td></tr><tr><td>Cigarette papers and tubes</td><td>116</td><td>144</td><td>1,069</td><td>1,234</td><td>Total miscellaneous internal revenue</td><td>171,124</td><td>170,444</td><td>1,973,611</td><td>1,881,442</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>1/</td><td>5</td><td>1/</td><td>6</td><td>Payroll taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>50,742</td><td>42,539</td><td>494,202</td><td>470,546</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 (Federal Insurance Contributions Act) 2/</td><td>71,813</td><td>62,529</td><td>515,885</td><td>453,550</td></tr><tr><td>Bonds of indebtedness, issues of capital stock, deeds of conveyance, etc.</td><td>1,603</td><td>1,424</td><td>15,039</td><td>16,187</td><td>Tax on employers of 8 or more (Federal Unemployment Tax Act) 3/</td><td>4,953</td><td>5,542</td><td>98,041</td><td>94,103</td></tr><tr><td>Capital stock and similar interest sales or transfers</td><td>948</td><td>1,259</td><td>12,102</td><td>15,057</td><td>Total Social Security Taxes</td><td>76,766</td><td>68,071</td><td>614,526</td><td>547,653</td></tr><tr><td>Playing cards</td><td>285</td><td>226</td><td>3,708</td><td>3,632</td><td>Carriers' Taxing Act of 1937</td><td>544</td><td>1,613</td><td>90,161</td><td>83,480</td></tr><tr><td>Silver bullion sales or transfers</td><td>4</td><td>53</td><td>156</td><td>173</td><td>Total payroll taxes</td><td>77,310</td><td>69,684</td><td>704,687</td><td>631,133</td></tr><tr><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>-</td><td>-</td><td>-</td><td>249</td><td>Total internal revenue</td><td>294,652</td><td>279,986</td><td>4,299,750</td><td>4,297,892</td></tr><tr><td>Total documentary, etc., stamp taxes</td><td>2,840</td><td>2,962</td><td>31,005</td><td>35,298</td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ Less than $500.
2/ Formerly Title VIII.
3/ Formerly Title IX.
14
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
<table><tr><th>Piecail year or month</th><th>Total</th><th colspan="3">Income and Profit</th><th colspan="4">Payroll Taxes</th></tr><tr><th></th><th></th><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th colspan="2">Social Security Act 2/</th><th>Carriers' Taxing Act of 1937</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Insurance Contributions Act</th><th>Unemployment Tax Act</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>1,263,411</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>427,192</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>1939-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>19,547</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>Sep.</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><tr><td>Oct.</td><td>292,241</td><td>36,122</td><td>8,172</td><td>27,950</td><td>68,578</td><td>61,882</td><td>5,148</td><td>1,548</td></tr><tr><td>Nov.</td><td>339,615</td><td>34,298</td><td>13,724</td><td>20,574</td><td>113,177</td><td>87,280</td><td>5,730</td><td>20,167</td></tr><tr><td>Dec.</td><td>498,993</td><td>318,845</td><td>137,344</td><td>181,501</td><td>11,110</td><td>2,723</td><td>493</td><td>7,894</td></tr><tr><td>1940-Jan.</td><td>306,304</td><td>45,689</td><td>20,561</td><td>25,128</td><td>89,644</td><td>60,157</td><td>28,424</td><td>1,063</td></tr><tr><td>Feb.</td><td>385,011</td><td>70,946</td><td>43,443</td><td>27,503</td><td>147,282</td><td>87,861</td><td>41,061</td><td>18,360</td></tr><tr><td>Mar.</td><td>861,168</td><td>654,624</td><td>356,076</td><td>238,548</td><td>15,076</td><td>2,099</td><td>1,191</td><td>11,786</td></tr><tr><td>Apr.</td><td>294,652</td><td>45,498</td><td>15,444</td><td>30,054</td><td>77,310</td><td>71,813</td><td>4,953</td><td>544</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="7">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>Manufacture<sup>1</sup> excise</th><th>Miscellaneous<sup>2</sup></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>1144,277</td><td>46,954</td><td>138</td><td>13,310</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>31,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>1,481,160</td><td>80,168</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>371,423</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>526,222</td></tr><tr><td>1936</td><td>2,021,075</td><td>94,943</td><td>378,840</td><td>505,464</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>69,919</td><td>449,854</td><td>98,289</td><td>6,073</td><td>-</td></tr><tr><td>1938</td><td>2,287,075</td><td>139,249</td><td>416,874</td><td>567,979</td><td>568,132</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>2,256,051</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>1939-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>371</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>Sep</td><td>280,095</td><td>52,041</td><td>56,154</td><td>56,519</td><td>51,128</td><td>3,191</td><td>44,548</td><td>16,511</td><td>553</td><td>-</td></tr><tr><td>Oot</td><td>186,987</td><td>1,984</td><td>29,185</td><td>56,363</td><td>53,087</td><td>4,584</td><td>28,635</td><td>13,149</td><td>554</td><td>-</td></tr><tr><td>Nov</td><td>191,510</td><td>367</td><td>25,525</td><td>61,020</td><td>49,976</td><td>3,127</td><td>34,196</td><td>17,299</td><td>630</td><td>-</td></tr><tr><td>Dec</td><td>168,030</td><td>241</td><td>21,320</td><td>51,197</td><td>43,702</td><td>2,921</td><td>36,018</td><td>12,631</td><td>1,008</td><td>-</td></tr><tr><td>1940-Jan</td><td>170,113</td><td>229</td><td>26,566</td><td>37,363</td><td>49,519</td><td>3,020</td><td>41,128</td><td>12,288</td><td>858</td><td>-</td></tr><tr><td>Feb</td><td>166,276</td><td>177</td><td>28,423</td><td>41,454</td><td>45,347</td><td>2,774</td><td>34,919</td><td>13,182</td><td>507</td><td>-</td></tr><tr><td>Mar</td><td>190,479</td><td>193</td><td>44,142</td><td>47,116</td><td>45,092</td><td>2,684</td><td>38,490</td><td>12,762</td><td>989</td><td>-</td></tr><tr><td>Apr</td><td>171,124</td><td>312</td><td>29,326</td><td>46,798</td><td>50,742</td><td>2,840</td><td>29,606</td><td>11,500</td><td>720</td><td>-</td></tr></table>
1/ Including excess-profit tax collections.
2/ For the period prior to September 1939 the data in the columns entitled "Insurance Contributions Act" and "Unemployment Tax Act" represent collections under Titles VIII and IX, respectively, of the Social Security Act.
3/ 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 Date
By Principal Sources
NONTHLY
January 1939 to Date
By Principal Sources
15
16
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, oil, 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 2/</th><th>Tobacco and manufactures of</th><th>Agricultural products and provisions</th><th>Spirits, wines and other beverages</th><th>Cotton manufactures</th><th>Flex, hemp, jute, and manufactures of</th></tr><tr><td>Duties and taxes: 1939-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>5,709</td><td>2,479</td><td>936</td><td>1,321</td></tr><tr><td>Apr.</td><td>2,968</td><td>1,374</td><td>2,652</td><td>202</td><td>2,220</td><td>1,534</td><td>5,236</td><td>2,471</td><td>830</td><td>807</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>Aug.</td><td>1,278</td><td>986</td><td>1,998</td><td>163</td><td>5,313</td><td>2,334</td><td>4,014</td><td>2,045</td><td>801</td><td>697</td></tr><tr><td>Sept.</td><td>1,374</td><td>871</td><td>2,635</td><td>140</td><td>8,346</td><td>1,957</td><td>4,305</td><td>5,302</td><td>804</td><td>824</td></tr><tr><td>Oct.</td><td>1,715</td><td>909</td><td>2,943</td><td>186</td><td>4,978</td><td>2,061</td><td>5,545</td><td>3,383</td><td>913</td><td>761</td></tr><tr><td>Nov.</td><td>1,942</td><td>1,078</td><td>2,533</td><td>177</td><td>2,024</td><td>2,107</td><td>5,151</td><td>3,306</td><td>834</td><td>1,088</td></tr><tr><td>Dec.</td><td>1,573</td><td>836</td><td>2,629</td><td>160</td><td>7,071</td><td>1,413</td><td>3,585</td><td>4,603</td><td>860</td><td>906</td></tr><tr><td>1940-Jan.</td><td>1,289</td><td>799</td><td>2,047</td><td>147</td><td>3,079</td><td>1,919</td><td>4,886</td><td>2,215</td><td>899</td><td>1,216</td></tr><tr><td>Feb.</td><td>1,229</td><td>647</td><td>1,768</td><td>125</td><td>3,986</td><td>1,622</td><td>4,613</td><td>1,894</td><td>668</td><td>899</td></tr><tr><td>Mar.</td><td>1,135</td><td>793</td><td>2,111</td><td>116</td><td>4,558</td><td>1,589</td><td>4,760</td><td>2,186</td><td>718</td><td>1,034</td></tr><tr><td>Value: 1939-Mar.</td><td>5,151</td><td>2,231</td><td>6,712</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>4,355</td><td>2,085</td><td>4,711</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><tr><td>Aug.</td><td>3,833</td><td>2,226</td><td>6,747</td><td>1,347</td><td>11,339</td><td>3,583</td><td>12,939</td><td>3,608</td><td>2,153</td><td>3,434</td></tr><tr><td>Sept.</td><td>3,822</td><td>1,959</td><td>9,189</td><td>1,414</td><td>15,348</td><td>3,012</td><td>15,100</td><td>9,277</td><td>2,247</td><td>4,337</td></tr><tr><td>Oct.</td><td>4,656</td><td>2,035</td><td>9,686</td><td>2,244</td><td>7,217</td><td>3,175</td><td>17,585</td><td>5,714</td><td>2,534</td><td>3,646</td></tr><tr><td>Nov.</td><td>5,661</td><td>2,493</td><td>8,280</td><td>1,705</td><td>3,284</td><td>3,245</td><td>16,965</td><td>5,396</td><td>2,319</td><td>5,695</td></tr><tr><td>Dec.</td><td>4,686</td><td>2,118</td><td>8,417</td><td>1,333</td><td>12,707</td><td>2,184</td><td>11,793</td><td>7,497</td><td>2,454</td><td>4,834</td></tr><tr><td>1940-Jan.</td><td>4,112</td><td>1,992</td><td>7,351</td><td>1,263</td><td>6,606</td><td>3,196</td><td>15,342</td><td>3,692</td><td>2,466</td><td>8,269</td></tr><tr><td>Feb.</td><td>3,842</td><td>1,722</td><td>5,956</td><td>1,171</td><td>7,291</td><td>2,729</td><td>13,960</td><td>3,101</td><td>1,916</td><td>5,600</td></tr><tr><td>Mar.</td><td>3,510</td><td>1,976</td><td>7,024</td><td>1,091</td><td>9,012</td><td>2,625</td><td>13,498</td><td>3,575</td><td>2,040</td><td>6,920</td></tr></table>
<table><tr><th>Month</th><th>Wool and manufactures of</th><th>Silk manufactures</th><th>Manufacturee of rayon or other synthetic textile</th><th>Papers and books</th><th>Sundries</th><th>Free list 3/</th><th>Miscellaneous</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: 1939-Mar......</td><td>2,860</td><td>245</td><td>276</td><td>196</td><td>3,384</td><td>815</td><td>19</td><td>28,539</td><td>+ 727</td><td>29,266</td></tr><tr><td>Apr......</td><td>2,118</td><td>217</td><td>244</td><td>297</td><td>3,612</td><td>850</td><td>23</td><td>27,653</td><td>+1,784</td><td>29,437</td></tr><tr><td>May......</td><td>2,358</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>24,189</td><td>+ 328</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>936</td><td>43</td><td>24,014</td><td>+1,514</td><td>25,528</td></tr><tr><td>Aug......</td><td>2,662</td><td>321</td><td>262</td><td>185</td><td>3,031</td><td>1,028</td><td>37</td><td>27,154</td><td>+ 59</td><td>27,213</td></tr><tr><td>Sept......</td><td>3,569</td><td>241</td><td>190</td><td>122</td><td>2,457</td><td>1,022</td><td>28</td><td>34,187</td><td>+1,408</td><td>35,595</td></tr><tr><td>Oct......</td><td>2,888</td><td>238</td><td>238</td><td>167</td><td>3,077</td><td>1,035</td><td>24</td><td>31,060</td><td>+1,358</td><td>32,418</td></tr><tr><td>Nov......</td><td>3,413</td><td>249</td><td>316</td><td>205</td><td>3,412</td><td>1,025</td><td>18</td><td>28,878</td><td>+ 171</td><td>29,049</td></tr><tr><td>Dec......</td><td>3,969</td><td>232</td><td>370</td><td>147</td><td>3,028</td><td>890</td><td>20</td><td>32,292</td><td>-4,478</td><td>27,814</td></tr><tr><td>1940-Jan......</td><td>5,842</td><td>238</td><td>293</td><td>136</td><td>3,263</td><td>712</td><td>18</td><td>28,937</td><td>+6,791</td><td>35,788</td></tr><tr><td>Feb......</td><td>4,447</td><td>177</td><td>165</td><td>118</td><td>2,560</td><td>700</td><td>11</td><td>25,630</td><td>+ 21</td><td>25,651</td></tr><tr><td>Mar......</td><td>4,613</td><td>234</td><td>109</td><td>119</td><td>3,274</td><td>771</td><td>18</td><td>28,139</td><td>+ 563</td><td>28,702</td></tr><tr><td>Values: 1939-Mar......</td><td>4,140</td><td>468</td><td>861</td><td>1,052</td><td>12,993</td><td>2,582</td><td>25</td><td>76,132</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>3,687</td><td>9</td><td>68,570</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>3,777</td><td>87</td><td>65,299</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>3,179</td><td>83</td><td>65,743</td><td>-</td><td>-</td></tr><tr><td>Aug......</td><td>4,102</td><td>618</td><td>802</td><td>987</td><td>11,048</td><td>3,222</td><td>10</td><td>72,001</td><td>-</td><td>-</td></tr><tr><td>Sept......</td><td>5,120</td><td>451</td><td>674</td><td>619</td><td>9,335</td><td>3,128</td><td>28</td><td>85,019</td><td>-</td><td>-</td></tr><tr><td>Oct......</td><td>3,806</td><td>452</td><td>836</td><td>862</td><td>11,169</td><td>3,572</td><td>17</td><td>79,146</td><td>-</td><td>-</td></tr><tr><td>Nov......</td><td>4,966</td><td>483</td><td>1,103</td><td>1,106</td><td>12,100</td><td>3,473</td><td>16</td><td>78,293</td><td>-</td><td>-</td></tr><tr><td>Dec......</td><td>6,035</td><td>440</td><td>1,366</td><td>842</td><td>12,184</td><td>3,878</td><td>30</td><td>82,800</td><td>-</td><td>-</td></tr><tr><td>1940-Jan......</td><td>8,737</td><td>446</td><td>980</td><td>782</td><td>12,428</td><td>3,713</td><td>19</td><td>81,393</td><td>-</td><td>-</td></tr><tr><td>Feb......</td><td>6,850</td><td>332</td><td>540</td><td>694</td><td>10,189</td><td>4,995</td><td>11</td><td>70,897</td><td>-</td><td>-</td></tr><tr><td>Mar......</td><td>7,214</td><td>444</td><td>331</td><td>684</td><td>12,581</td><td>6,413</td><td>14</td><td>78,950</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. 1/ Include taxable sugar from the Philippine Islands. 2/ Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts. 3/ 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 acts and the Sugar Act of 1937 are included in appropriate schedules.
17
Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports into the United States
<table><tr><th>Article</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>Jan.</th><th>Feb.</th><th>Mar.</th></tr><tr><td colspan="14">1939</td><td colspan="3">1940</td></tr><tr><td>Duty-free articles 2/:</td><td></td><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>Orude petroleum...</td><td>$297,665</td><td>$504,108</td><td>$747,024</td><td>$688,585</td><td>$531,266</td><td>$501,758</td><td>$561,192</td><td>$501,327</td><td>$557,120</td><td>$380,726</td><td>$210,908</td><td>$235,572</td><td>$271,742</td></tr><tr><td>Fuel oil, etc. 2/</td><td>145,922</td><td>95,381</td><td>121,890</td><td>175,648</td><td>141,622</td><td>156,573</td><td>111,578</td><td>102,482</td><td>108,843</td><td>182,545</td><td>164,832</td><td>302,907</td><td>375,597</td></tr><tr><td>Gasoline or other motor fuel.</td><td>-</td><td>-</td><td>1</td><td>9</td><td>-</td><td>376</td><td>3</td><td>-</td><td>38</td><td>3,255</td><td>1,750</td><td>16</td><td>11,785</td></tr><tr><td>Lubricating oil.</td><td>1,463</td><td>10</td><td>776</td><td>606</td><td>354</td><td>600</td><td>1,443</td><td>1,455</td><td>1,672</td><td>82</td><td>659</td><td>887</td><td>1,898</td></tr><tr><td>Paraffin and other petroleum wax products....</td><td>17,931</td><td>13,972</td><td>47,622</td><td>27,228</td><td>23,745</td><td>28,243</td><td>37,634</td><td>52,090</td><td>40,035</td><td>44,130</td><td>59,599</td><td>37,958</td><td>54,073</td></tr><tr><td>Seed oils.</td><td>231,396</td><td>119,439</td><td>176,382</td><td>190,842</td><td>146,799</td><td>256,544</td><td>253,957</td><td>258,943</td><td>174,811</td><td>187,231</td><td>200,189</td><td>19,422</td><td>11,042</td></tr><tr><td>Oil seeds.</td><td>35,531</td><td>42,130</td><td>27,225</td><td>33,278</td><td>38,425</td><td>28,950</td><td>23,523</td><td>17,065</td><td>29,079</td><td>39,044</td><td>56,797</td><td>14,431</td><td>23,167</td></tr><tr><td>Animal, fish and coconut oils.</td><td>197</td><td>608</td><td>-</td><td>-</td><td>-</td><td>80</td><td>40</td><td>15</td><td>82</td><td>67</td><td>211</td><td>17</td><td>6</td></tr><tr><td>Copper.</td><td>64,781</td><td>59,413</td><td>72,278</td><td>85,793</td><td>34,240</td><td>36,688</td><td>17,930</td><td>70,768</td><td>89,946</td><td>38,244</td><td>214</td><td>73,178</td><td>3,099</td></tr><tr><td>Number of specified types.</td><td>16,013</td><td>12,775</td><td>13,275</td><td>14,105</td><td>17,270</td><td>17,954</td><td>14,421</td><td>31,035</td><td>23,124</td><td>15,158</td><td>16,589</td><td>15,381</td><td>17,221</td></tr><tr><td>Coal and related fuels.</td><td>2,688</td><td>2,381</td><td>441</td><td>562</td><td>2,238</td><td>166</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total.</td><td>814,587</td><td>850,217</td><td>1,206,914</td><td>1,216,656</td><td>935,959</td><td>1,027,932</td><td>1,021,721</td><td>1,035,180</td><td>1,024,750</td><td>890,482</td><td>711,746</td><td>699,769</td><td>770,631</td></tr><tr><td colspan="14">Dutiable articles 3/:</td><td colspan="3"></td></tr><tr><td>Cane sugar.</td><td>$228,714</td><td>$136,018</td><td>$253,585</td><td>$370,204</td><td>$396,050</td><td>$435,529</td><td>$757,843</td><td>$152,795</td><td>$172,782</td><td>$744,726</td><td>$119,374</td><td>$269,850</td><td>$406,397</td></tr><tr><td>Cane sugar (from Philippine Is.).</td><td>47,247</td><td>96,210</td><td>143,728</td><td>135,286</td><td>34,708</td><td>55,158</td><td>59,481</td><td>42,155</td><td>50,682</td><td>14,012</td><td>11,805</td><td>27,017</td><td>47,015</td></tr><tr><td>Beet sugar.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Articles composed in chief value of manufactured sugar.</td><td>2,663</td><td>3,062</td><td>2,641</td><td>5,170</td><td>19,373</td><td>20,785</td><td>16,682</td><td>7,516</td><td>2,106</td><td>2,505</td><td>2,060</td><td>907</td><td>1,157</td></tr><tr><td>Fuel oil, etc. 2/.</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>36</td><td>565</td><td>-</td><td>923</td><td>290</td><td>409</td><td>408</td><td>-</td></tr><tr><td>Lubricating oil.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>24</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Paraffin and other petroleum wax products.</td><td>25</td><td>50</td><td>11</td><td>16</td><td>42</td><td>44</td><td>17</td><td>41</td><td>25</td><td>11</td><td>21</td><td>14</td><td>11</td></tr><tr><td>Seed oils.</td><td>222</td><td>62</td><td>37</td><td>-</td><td>19,855</td><td>19</td><td>406</td><td>3</td><td>191</td><td>10</td><td>-</td><td>18</td><td>-</td></tr><tr><td>Animal and fish oils.</td><td>17,399</td><td>22,419</td><td>15,500</td><td>15,441</td><td>22,485</td><td>14,324</td><td>15,989</td><td>16,585</td><td>21,854</td><td>42,461</td><td>21,995</td><td>14,499</td><td>10,245</td></tr><tr><td>Palm oil.</td><td>1,355</td><td>1,816</td><td>1,385</td><td>1,771</td><td>1,008</td><td>1,500</td><td>850</td><td>1,610</td><td>1,294</td><td>1,037</td><td>604</td><td>146</td><td>149</td></tr><tr><td>Cocoonut oil (from Philippine Islands).</td><td>761</td><td>1,357</td><td>45</td><td>957</td><td>1,564</td><td>1,009</td><td>802</td><td>-</td><td>585</td><td>874</td><td>546</td><td>240</td><td>388</td></tr><tr><td>Cocoonut oil.</td><td>547</td><td>923</td><td>1,095</td><td>419</td><td>456</td><td>873</td><td>1,242</td><td>512</td><td>708</td><td>1,573</td><td>393</td><td>404</td><td>756</td></tr><tr><td>Copper.</td><td>13,566</td><td>21,619</td><td>13,128</td><td>8,432</td><td>7,350</td><td>16,479</td><td>7,842</td><td>9,797</td><td>12,840</td><td>10,512</td><td>10,181</td><td>7,840</td><td>10,458</td></tr><tr><td>Number of specified types.</td><td>54,988</td><td>52,867</td><td>32,955</td><td>38,243</td><td>29,940</td><td>29,927</td><td>33,531</td><td>60,207</td><td>47,849</td><td>-</td><td>28,524</td><td>25,421</td><td>22,799</td></tr><tr><td>Total.</td><td>367,487</td><td>336,411</td><td>464,111</td><td>575,939</td><td>532,804</td><td>575,724</td><td>895,250</td><td>291,228</td><td>311,839</td><td>818,011</td><td>195,912</td><td>346,704</td><td>499,382</td></tr><tr><td>Grand total.</td><td>1,182,074</td><td>1,186,628</td><td>1,671,025</td><td>1,792,595</td><td>1,468,823</td><td>1,603,656</td><td>1,916,971</td><td>1,326,413</td><td>1,336,587</td><td>1,708,493</td><td>907,658</td><td>1,046,533</td><td>1,270,013</td></tr></table>
Notes: Rates of tax for the respective articles are shown in the September 1939 Bulletin, page 11.
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.
18
Computed Duties Collected, by Countries
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="2">Calendar year</th><th colspan="10">1939</th><th colspan="4">1940</th></tr><tr><th></th><th>1938</th><th>1939</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>Jan.</th><th>Feb.</th><th>Mar.</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><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>Belgium</td><td>6,661</td><td>9,395</td><td>760</td><td>785</td><td>755</td><td>718</td><td>743</td><td>913</td><td>769</td><td>1,009</td><td>901</td><td>672</td><td>768</td><td>581</td><td>848</td></tr><tr><td>Osecho-slovakia</td><td>10,827</td><td>1,564</td><td>490</td><td>229</td><td>20</td><td>12</td><td>11</td><td>14</td><td>39</td><td>29</td><td>29</td><td>21</td><td>8</td><td>12</td><td>6</td></tr><tr><td>France</td><td>16,319</td><td>19,210</td><td>1,573</td><td>1,395</td><td>1,598</td><td>1,583</td><td>1,464</td><td>1,875</td><td>1,884</td><td>1,232</td><td>2,126</td><td>1,787</td><td>1,742</td><td>1,255</td><td>1,530</td></tr><tr><td>Germany</td><td>15,406</td><td>14,224</td><td>1,508</td><td>5,637</td><td>276</td><td>539</td><td>635</td><td>747</td><td>383</td><td>541</td><td>801</td><td>520</td><td>427</td><td>355</td><td>189</td></tr><tr><td>Greece</td><td>7,846</td><td>7,209</td><td>615</td><td>387</td><td>797</td><td>626</td><td>553</td><td>624</td><td>571</td><td>676</td><td>708</td><td>534</td><td>544</td><td>553</td><td>560</td></tr><tr><td>Italy</td><td>15,024</td><td>13,394</td><td>1,379</td><td>1,046</td><td>1,154</td><td>1,007</td><td>944</td><td>1,026</td><td>1,183</td><td>1,523</td><td>1,188</td><td>1,056</td><td>842</td><td>902</td><td>962</td></tr><tr><td>Netherlands</td><td>6,170</td><td>5,972</td><td>606</td><td>456</td><td>615</td><td>587</td><td>477</td><td>670</td><td>692</td><td>361</td><td>329</td><td>245</td><td>190</td><td>138</td><td>157</td></tr><tr><td>Norway</td><td>2,508</td><td>3,208</td><td>205</td><td>195</td><td>237</td><td>200</td><td>273</td><td>286</td><td>355</td><td>430</td><td>304</td><td>241</td><td>197</td><td>246</td><td>208</td></tr><tr><td>Poland</td><td>2,298</td><td>1,983</td><td>246</td><td>241</td><td>262</td><td>208</td><td>235</td><td>246</td><td>125</td><td>26</td><td>13</td><td>18</td><td>3</td><td>5</td><td>15</td></tr><tr><td>Spain</td><td>2,847</td><td>3,065</td><td>390</td><td>232</td><td>320</td><td>269</td><td>179</td><td>223</td><td>256</td><td>295</td><td>319</td><td>261</td><td>158</td><td>214</td><td>245</td></tr><tr><td>Sweden</td><td>1,800</td><td>1,920</td><td>153</td><td>121</td><td>159</td><td>192</td><td>114</td><td>172</td><td>147</td><td>226</td><td>165</td><td>224</td><td>188</td><td>126</td><td>241</td></tr><tr><td>Switzerland</td><td>8,278</td><td>11,369</td><td>736</td><td>756</td><td>877</td><td>761</td><td>723</td><td>1,031</td><td>901</td><td>1,549</td><td>1,612</td><td>1,080</td><td>755</td><td>798</td><td>925</td></tr><tr><td>U.S.S.R. (Russia)</td><td>2,116</td><td>1,921</td><td>138</td><td>88</td><td>156</td><td>125</td><td>102</td><td>147</td><td>204</td><td>294</td><td>154</td><td>183</td><td>290</td><td>190</td><td>277</td></tr><tr><td>United Kingdom</td><td>36,813</td><td>43,783</td><td>3,460</td><td>3,078</td><td>3,450</td><td>3,495</td><td>3,180</td><td>3,534</td><td>5,069</td><td>3,620</td><td>3,735</td><td>4,467</td><td>3,357</td><td>2,561</td><td>3,176</td></tr><tr><td>Other Europe</td><td>6,389</td><td>7,103</td><td>718</td><td>454</td><td>633</td><td>478</td><td>399</td><td>468</td><td>498</td><td>771</td><td>931</td><td>690</td><td>509</td><td>401</td><td>339</td></tr><tr><td>Total Europe</td><td>141,299</td><td>145,319</td><td>12,976</td><td>15,100</td><td>11,309</td><td>10,803</td><td>10,032</td><td>11,974</td><td>13,076</td><td>12,585</td><td>13,315</td><td>12,000</td><td>9,978</td><td>8,337</td><td>9,679</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><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>Canada</td><td>18,031</td><td>19,688</td><td>1,320</td><td>1,648</td><td>1,402</td><td>1,135</td><td>1,387</td><td>1,402</td><td>1,923</td><td>2,335</td><td>2,047</td><td>1,998</td><td>1,386</td><td>1,228</td><td>1,370</td></tr><tr><td>Onba</td><td>45,435</td><td>48,811</td><td>3,496</td><td>2,383</td><td>2,648</td><td>3,538</td><td>5,259</td><td>5,829</td><td>8,529</td><td>4,824</td><td>2,262</td><td>6,783</td><td>3,628</td><td>3,859</td><td>5,157</td></tr><tr><td>Dominican Republic</td><td>2,462</td><td>1,444</td><td>150</td><td>204</td><td>179</td><td>24</td><td>5</td><td>7</td><td>329</td><td>337</td><td>76</td><td>7</td><td>3</td><td>325</td><td>17</td></tr><tr><td>Mexico</td><td>5,755</td><td>7,819</td><td>994</td><td>1,114</td><td>488</td><td>427</td><td>327</td><td>331</td><td>340</td><td>633</td><td>678</td><td>585</td><td>966</td><td>632</td><td>843</td></tr><tr><td>Netherland West Indies</td><td>1,536</td><td>1,605</td><td>149</td><td>100</td><td>126</td><td>179</td><td>145</td><td>163</td><td>117</td><td>108</td><td>110</td><td>188</td><td>174</td><td>194</td><td>232</td></tr><tr><td>Other Countries</td><td>2,052</td><td>1,161</td><td>70</td><td>61</td><td>167</td><td>216</td><td>60</td><td>72</td><td>95</td><td>87</td><td>100</td><td>82</td><td>74</td><td>45</td><td>42</td></tr><tr><td>Total North and Central America</td><td>75,271</td><td>80,528</td><td>6,179</td><td>5,509</td><td>5,010</td><td>5,519</td><td>7,184</td><td>7,803</td><td>11,332</td><td>8,325</td><td>5,272</td><td>9,044</td><td>6,230</td><td>6,283</td><td>7,661</td></tr><tr><td>South America:</td><td></td><td></td><td></td><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>Argentina</td><td>14,168</td><td>18,610</td><td>1,879</td><td>1,548</td><td>1,374</td><td>1,612</td><td>1,103</td><td>1,518</td><td>1,177</td><td>1,403</td><td>1,650</td><td>1,424</td><td>2,478</td><td>2,956</td><td>2,930</td></tr><tr><td>Brazil</td><td>3,450</td><td>3,107</td><td>324</td><td>151</td><td>355</td><td>154</td><td>141</td><td>223</td><td>473</td><td>318</td><td>212</td><td>265</td><td>265</td><td>329</td><td>116</td></tr><tr><td>Chile</td><td>632</td><td>601</td><td>74</td><td>65</td><td>17</td><td>26</td><td>42</td><td>55</td><td>28</td><td>75</td><td>97</td><td>47</td><td>48</td><td>132</td><td>53</td></tr><tr><td>Peru</td><td>3,004</td><td>3,082</td><td>194</td><td>47</td><td>105</td><td>243</td><td>111</td><td>71</td><td>416</td><td>557</td><td>404</td><td>795</td><td>209</td><td>489</td><td>233</td></tr><tr><td>Uruguay</td><td>2,808</td><td>5,604</td><td>318</td><td>445</td><td>583</td><td>530</td><td>550</td><td>303</td><td>689</td><td>610</td><td>669</td><td>580</td><td>1,282</td><td>900</td><td>670</td></tr><tr><td>Venezuela</td><td>4,387</td><td>5,267</td><td>298</td><td>505</td><td>553</td><td>611</td><td>477</td><td>455</td><td>518</td><td>463</td><td>472</td><td>345</td><td>170</td><td>277</td><td>291</td></tr><tr><td>Other Countries</td><td>982</td><td>1,424</td><td>64</td><td>70</td><td>295</td><td>178</td><td>140</td><td>96</td><td>136</td><td>93</td><td>115</td><td>107</td><td>115</td><td>136</td><td>203</td></tr><tr><td>Total South America</td><td>29,431</td><td>37,695</td><td>3,151</td><td>2,832</td><td>3,282</td><td>3,354</td><td>2,564</td><td>2,720</td><td>3,438</td><td>3,518</td><td>3,618</td><td>3,563</td><td>4,566</td><td>5,219</td><td>4,496</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><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>British India</td><td>7,035</td><td>6,945</td><td>866</td><td>454</td><td>619</td><td>517</td><td>568</td><td>367</td><td>769</td><td>509</td><td>773</td><td>583</td><td>879</td><td>730</td><td>714</td></tr><tr><td>China</td><td>9,602</td><td>10,262</td><td>979</td><td>704</td><td>763</td><td>737</td><td>673</td><td>742</td><td>832</td><td>1,169</td><td>1,066</td><td>1,057</td><td>1,147</td><td>847</td><td>1,191</td></tr><tr><td>Japan</td><td>17,826</td><td>17,823</td><td>1,489</td><td>1,186</td><td>1,266</td><td>1,259</td><td>1,245</td><td>1,515</td><td>1,794</td><td>1,797</td><td>1,835</td><td>1,857</td><td>2,316</td><td>1,283</td><td>1,111</td></tr><tr><td>Turkey</td><td>9,219</td><td>8,436</td><td>930</td><td>474</td><td>699</td><td>683</td><td>614</td><td>781</td><td>659</td><td>700</td><td>760</td><td>642</td><td>706</td><td>614</td><td>690</td></tr><tr><td>Other Countries</td><td>4,994</td><td>6,716</td><td>500</td><td>380</td><td>615</td><td>539</td><td>358</td><td>464</td><td>751</td><td>754</td><td>880</td><td>699</td><td>780</td><td>533</td><td>620</td></tr><tr><td>Total Asia</td><td>48,677</td><td>50,182</td><td>4,764</td><td>3,199</td><td>3,962</td><td>3,736</td><td>3,457</td><td>3,869</td><td>4,805</td><td>4,929</td><td>5,314</td><td>4,848</td><td>5,828</td><td>4,007</td><td>4,326</td></tr><tr><td>Oceania - Total</td><td>2,913</td><td>8,509</td><td>1,094</td><td>726</td><td>718</td><td>484</td><td>399</td><td>438</td><td>1,107</td><td>965</td><td>692</td><td>687</td><td>762</td><td>536</td><td>744</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><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>Egypt</td><td>1,523</td><td>2,377</td><td>147</td><td>152</td><td>246</td><td>154</td><td>110</td><td>151</td><td>201</td><td>374</td><td>298</td><td>224</td><td>203</td><td>149</td><td>146</td></tr><tr><td>Gold Coast</td><td>716</td><td>1,375</td><td>124</td><td>43</td><td>39</td><td>66</td><td>197</td><td>108</td><td>138</td><td>264</td><td>128</td><td>153</td><td>100</td><td>45</td><td>84</td></tr><tr><td>Union of South Africa</td><td>298</td><td>1,528</td><td>36</td><td>30</td><td>50</td><td>17</td><td>15</td><td>21</td><td>26</td><td>37</td><td>145</td><td>1,092</td><td>1,240</td><td>991</td><td>936</td></tr><tr><td>Other Countries</td><td>1,252</td><td>838</td><td>76</td><td>64</td><td>62</td><td>56</td><td>56</td><td>70</td><td>65</td><td>62</td><td>96</td><td>81</td><td>91</td><td>63</td><td>67</td></tr><tr><td>Total Africa</td><td>3,789</td><td>6,118</td><td>373</td><td>283</td><td>397</td><td>293</td><td>378</td><td>350</td><td>429</td><td>737</td><td>667</td><td>1,550</td><td>1,634</td><td>1,248</td><td>1,233</td></tr><tr><td>Grant Total</td><td>301,381</td><td>328,352</td><td>28,599</td><td>27,653</td><td>24,679</td><td>24,189</td><td>24,014</td><td>27,154</td><td>34,187</td><td>31,060</td><td>28,878</td><td>32,292</td><td>28,997</td><td>25,630</td><td>28,139</td></tr></table>
Note: Figures are rounded to nearest thousand and will not necessarily add to totals.
19
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 taxes (Title VIII)</th><th>Tax on employers of 8 or more, (Title IX, Sec. 901)</th><th>Total receipts</th><th>Administrative expenses</th><th>Unemployment compensation administration</th><th>Grants to States</th><th>Old-age assistance, etc.</th><th>Total grants to States</th><th>Refunds of taxes</th><th>Transfers to Old-Age and Survivors Insurance Trust Fund</th><th>Total expenditure</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>.4</td><td>265.0</td><td>448.1</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>712.1</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>1.7</td><td>503.0</td><td>846.3</td></tr><tr><td>1939-Apr.</td><td>27.1</td><td>2.8</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>.1</td><td>43.0</td><td>86.1</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>.1</td><td>48.0</td><td>83.8</td></tr><tr><td>Sep.</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>.1</td><td>43.0</td><td>62.6</td></tr><tr><td>Oct.</td><td>31.4</td><td>2.9</td><td>34.4</td><td>.9</td><td>11.1</td><td>32.6</td><td>43.7</td><td>.1</td><td>43.0</td><td>57.7</td></tr><tr><td>Nov.</td><td>117.5</td><td>8.0</td><td>125.5</td><td>1.8</td><td>1.0</td><td>21.0</td><td>22.1</td><td>.2</td><td>43.0</td><td>67.1</td></tr><tr><td>Dec.</td><td>4.1</td><td>.5</td><td>4.7</td><td>1.8</td><td>1.2</td><td>16.6</td><td>17.8</td><td>.2</td><td>48.0</td><td>67.8</td></tr><tr><td>1940-Jan.</td><td>31.1</td><td>13.7</td><td>44.8</td><td>2.0</td><td>5.6</td><td>33.3</td><td>38.9</td><td>.2</td><td>-</td><td>41.1</td></tr><tr><td>Feb.</td><td>115.2</td><td>57.0</td><td>172.2</td><td>1.8</td><td>4.9</td><td>31.1</td><td>36.0</td><td>.1</td><td>-</td><td>37.9</td></tr><tr><td>Mar.</td><td>2.3</td><td>1.2</td><td>3.4</td><td>2.1</td><td>9.0</td><td>15.9</td><td>24.9</td><td>.4</td><td>134.8</td><td>168.2</td></tr><tr><td>Apr.</td><td>35.8</td><td>3.0</td><td>38.8</td><td>2.2</td><td>6.2</td><td>38.8</td><td>45.0</td><td>.3</td><td>-</td><td>47.5</td></tr></table>
Federal Old-Age and Survivors Insurance 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="4">Receipts</th><th colspan="2">Expenditure</th><th colspan="3">Balance</th></tr><tr><th>Transfers from general fund</th><th>Appropriations by Congress Balance available for transfers</th><th>Total</th><th>Interest on investments</th><th>Total receipts</th><th>Benefit payments</th><th>Reimbursement for administrative expenses</th><th>Total investments</th><th>To credit of Fund Account</th><th>Unexpended 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><td>-</td></tr><tr><td>1937</td><td>263.0</td><td>-</td><td>265.0</td><td>2.3</td><td>267.3</td><td>-</td><td>-</td><td>267.2</td><td>267.1</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>-</td><td>777.2</td><td>662.3</td><td>113.0</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>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</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>-</td><td>1,728.9</td><td>1,220.2</td><td>507.1</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>-</td><td>1,727.6</td><td>1,263.2</td><td>459.1</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>-</td><td>1,726.9</td><td>1,306.2</td><td>416.1</td></tr><tr><td>Oct.</td><td>1,332.0</td><td>373.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>23.6</td><td>-</td><td>1,726.0</td><td>1,349.2</td><td>373.1</td></tr><tr><td>Nov.</td><td>1,375.0</td><td>330.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>24.4</td><td>-</td><td>1,725.2</td><td>1,392.2</td><td>330.1</td></tr><tr><td>Dec.</td><td>1,423.0</td><td>282.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>25.8</td><td>-</td><td>1,724.4</td><td>1,435.2</td><td>282.1</td></tr><tr><td>1940-Jan.</td><td>1,423.0</td><td>282.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>25.9</td><td>-</td><td>1,723.7</td><td>1,435.2</td><td>282.1</td></tr><tr><td>Feb.</td><td>1,423.0</td><td>282.0</td><td>1,705.0</td><td>44.6</td><td>1,749.6</td><td>26.9</td><td>-</td><td>1,722.7</td><td>1,435.2</td><td>282.1</td></tr><tr><td>Mar.</td><td>1,557.8</td><td>147.2</td><td>1,705.0</td><td>44.8</td><td>1,749.8</td><td>28.2</td><td>6.2</td><td>1,715.4</td><td>1,570.2</td><td>142.1</td></tr><tr><td>Apr.</td><td>1,557.8</td><td>147.2</td><td>1,705.0</td><td>44.9</td><td>1,749.9</td><td>30.2</td><td>6.2</td><td>1,713.5</td><td>1,565.2</td><td>142.3</td></tr></table>
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="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Deposits by States 5/</th><th colspan="2">Railroad Unemployment Insurance Account</th><th>Interest on investments</th><th>Total receipts</th><th>With-drawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total expenditures</th><th>Total investments</th><th>Unexpended balances</th><th>Disturbed account (Railroad unemployment benefits and refunds)</th></tr><tr><th></th><th></th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriations 6/</th><th></th><th></th><th></th><th>Railroad unemployment benefit payments</th><th>Repayment of advance</th><th></th><th>Trust account</th><th></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>-</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>-</td><td>192.0</td><td>854.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,669.5</td><td>-</td><td>-</td><td>44.8</td><td>1,914.3</td><td>633.6</td><td>-</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</td><td>44.9</td><td>1,972.2</td><td>675.4</td><td>.1</td><td>-</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</td><td>44.9</td><td>2,126.5</td><td>715.1</td><td>.9</td><td>-</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>-</td><td>755.8</td><td>1,383.5</td><td>1,363.0</td><td>7.7</td><td>12.5</td></tr><tr><td>Oct.</td><td>2,133.1</td><td>.6</td><td>15.0</td><td>45.0</td><td>2,193.7</td><td>776.5</td><td>3.3</td><td>-</td><td>779.8</td><td>1,413.9</td><td>1,370.0</td><td>32.2</td><td>11.7</td></tr><tr><td>Nov.</td><td>2,276.3</td><td>1.2</td><td>15.0</td><td>45.0</td><td>2,337.5</td><td>805.1</td><td>4.2</td><td>-</td><td>809.3</td><td>1,528.2</td><td>1,512.0</td><td>5.4</td><td>10.8</td></tr><tr><td>Dec.</td><td>2,290.8</td><td>15.1</td><td>15.0</td><td>45.1</td><td>2,366.0</td><td>836.0</td><td>5.2</td><td>-</td><td>841.2</td><td>1,524.8</td><td>1,509.0</td><td>6.0</td><td>9.8</td></tr><tr><td>1940-Jan.</td><td>2,352.9</td><td>15.3</td><td>15.0</td><td>62.2</td><td>2,445.4</td><td>877.2</td><td>6.9</td><td>15.0</td><td>899.4</td><td>1,546.0</td><td>1,537.0</td><td>5.9</td><td>3.1</td></tr><tr><td>Feb.</td><td>2,506.5</td><td>16.1</td><td>15.0</td><td>62.2</td><td>2,599.9</td><td>920.6</td><td>8.7</td><td>15.0</td><td>944.3</td><td>1,655.6</td><td>1,640.0</td><td>13.3</td><td>2.3</td></tr><tr><td>Mar.</td><td>2,521.8</td><td>30.5</td><td>15.0</td><td>62.3</td><td>2,629.5</td><td>965.4</td><td>10.6</td><td>15.0</td><td>991.0</td><td>1,638.6</td><td>1,622.0</td><td>14.2</td><td>2.4</td></tr><tr><td>Apr.</td><td>2,574.6</td><td>30.5</td><td>15.0</td><td>62.5</td><td>2,682.6</td><td>1,008.5</td><td>12.3</td><td>15.0</td><td>1,035.8</td><td>1,646.8</td><td>1,640.0</td><td>5.1</td><td>1.7</td></tr></table>
(For footnotes see following page)
20
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>Fiscal year or month</th><th>Receipts Total</th><th colspan="4">Expenditures</th></tr><tr><th></th><th></th><th>Administrative expenses</th><th>Transfers to Railroad Retirement acct.</th><th>Transfers to Railroad Unemployment insurance account</th><th>Total expenditures</th></tr><tr><td>1936</td><td>-.3</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>1939-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><tr><td>Oct.</td><td>1.2</td><td>.7</td><td>10.0</td><td>-</td><td>10.7</td></tr><tr><td>Nov.</td><td>4.2</td><td>.5</td><td>10.0</td><td>-</td><td>10.5</td></tr><tr><td>Dec.</td><td>24.5</td><td>1.3</td><td>10.0</td><td>-</td><td>11.3</td></tr><tr><td>1940-Jan.</td><td>.4</td><td>.5</td><td>10.0</td><td>15.0*</td><td>4.5*</td></tr><tr><td>Feb.</td><td>5.4</td><td>.5</td><td>10.0</td><td>-</td><td>10.5</td></tr><tr><td>Mar.</td><td>27.0</td><td>.6</td><td>-</td><td>-</td><td>.6</td></tr><tr><td>Apr.</td><td>.3</td><td>.4</td><td>20.0</td><td>-</td><td>20.4</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>Transfers from general fund 1/</th><th>Appropriations by Congress Balance available for transfers</th><th>Total</th><th>Interest on investments</th><th>Total</th><th>Investments</th><th>Unexpended 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>264.8</td><td>3.6</td><td>268.4</td><td>185.6</td><td>82.8</td><td>13.2</td><td>2.3</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>111.5</td><td>13.3</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>184.7</td><td>93.4</td><td>14.2</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>84.3</td><td>14.1</td></tr><tr><td>Oct.</td><td>310.7</td><td>74.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>222.4</td><td>166.2</td><td>74.3</td><td>14.7</td></tr><tr><td>Nov.</td><td>320.7</td><td>64.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>231.7</td><td>156.8</td><td>64.2</td><td>15.4</td></tr><tr><td>Dec.</td><td>330.7</td><td>54.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>241.0</td><td>147.5</td><td>54.2</td><td>16.1</td></tr><tr><td>1940-Jan.</td><td>320.7</td><td>64.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>250.4</td><td>138.1</td><td>44.2</td><td>16.7</td></tr><tr><td>Feb.</td><td>330.7</td><td>54.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>259.8</td><td>128.7</td><td>34.2</td><td>17.3</td></tr><tr><td>Mar.</td><td>330.7</td><td>54.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>269.4</td><td>119.1</td><td>34.3</td><td>7.6</td></tr><tr><td>Apr.</td><td>350.7</td><td>34.2</td><td>384.9</td><td>3.6</td><td>388.5</td><td>279.2</td><td>109.3</td><td>14.3</td><td>17.8</td></tr></table>
Notes: Figures for five preceding tables are rounded to nearest tenths of millions and will not necessarily add to totals.
1/ 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 Revenues of the Treasury Department, and the Public Health Service and the Office of Education of the Federal Security Agency.
2/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,836.43, pursuant to authorisation of August 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. Other refunds are on account of Employment taxes (Title VIII) and tax on employers of 8 or more (Title IX, Sec. 901) "Other than to States."
3/ Under Section 201 (f) of the Social Security Act amendments of 1939.
4/ Includes balance of appropriation available for transfers.
5/ Includes in 1938 the proceeds of refunds to States of taxes collected under Title IX, Sec. 901 of the Social Security Act amounting to $40,561,836.43.
6/ 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.
1/ Transfers from general fund were not reflected until July 1, 1937.
8/ Includes balance of appropriation available for transfers subsequent to June 30, 1937.
9/ Excess credit.
21
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 Feb. 1939 Bulletin. All figures in the table at the bottom of the page have now been revised in accordance with that explanation.
(In millions of dollars)
<table><tr><th></th><th colspan="8">1939</th><th colspan="5">1940</th></tr><tr><th></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>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>CASH INCOME</td><td></td><td></td><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>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>40</td><td>43</td><td>355</td><td>42</td><td>37</td><td>328</td><td>37</td><td>34</td><td>318</td><td>45</td><td>63</td><td>665</td><td>48</td></tr><tr><td>Miscellaneous internal revenue.</td><td>155</td><td>187</td><td>193</td><td>187</td><td>217</td><td>311</td><td>198</td><td>191</td><td>171</td><td>167</td><td>154</td><td>192</td><td>175</td></tr><tr><td>Taxes under Social Security Act.</td><td>30</td><td>118</td><td>4</td><td>35</td><td>115</td><td>3</td><td>34</td><td>125</td><td>5</td><td>44</td><td>172</td><td>3</td><td>39</td></tr><tr><td>Taxes upon carriers and their employees.</td><td>-</td><td>6</td><td>21</td><td>1</td><td>4</td><td>24</td><td>1</td><td>4</td><td>23</td><td>1</td><td>5</td><td>25</td><td>-</td></tr><tr><td>Customs.</td><td>29</td><td>25</td><td>25</td><td>26</td><td>27</td><td>36</td><td>32</td><td>29</td><td>28</td><td>35</td><td>26</td><td>29</td><td>26</td></tr><tr><td>Other.</td><td>15</td><td>18</td><td>15</td><td>16</td><td>20</td><td>17</td><td>19</td><td>24</td><td>24</td><td>23</td><td>24</td><td>20</td><td>16</td></tr><tr><td>Subtotal.</td><td>269</td><td>397</td><td>613</td><td>307</td><td>420</td><td>719</td><td>321</td><td>407</td><td>569</td><td>315</td><td>444</td><td>934</td><td>304</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>34</td><td>137</td><td>17</td><td>43</td><td>154</td><td>13</td><td>54</td><td>144</td><td>29</td><td>62</td><td>155</td><td>30</td><td>28</td></tr><tr><td>Trust accounts.</td><td>20</td><td>18</td><td>14</td><td>19</td><td>15</td><td>20</td><td>24</td><td>16</td><td>17</td><td>21</td><td>15</td><td>25</td><td>53</td></tr><tr><td>Subtotal.</td><td>54</td><td>155</td><td>31</td><td>62</td><td>169</td><td>33</td><td>78</td><td>160</td><td>46</td><td>83</td><td>170</td><td>55</td><td>81</td></tr><tr><td>Total cash income.</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>398</td><td>614</td><td>989</td><td>385</td></tr><tr><td>CASH OUTGO</td><td></td><td></td><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>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>96</td><td>101</td><td>106</td><td>109</td><td>114</td><td>108</td><td>115</td><td>118</td><td>125</td><td>132</td><td>129</td><td>143</td><td>159</td></tr><tr><td>Social Security Act (grants and administrative expenses).</td><td>37</td><td>32</td><td>17</td><td>41</td><td>35</td><td>19</td><td>45</td><td>24</td><td>20</td><td>41</td><td>38</td><td>27</td><td>47</td></tr><tr><td>Interest on the public debt.</td><td>64</td><td>8</td><td>184</td><td>11</td><td>14</td><td>148</td><td>65</td><td>12</td><td>185</td><td>15</td><td>16</td><td>142</td><td>66</td></tr><tr><td>Public Works.</td><td>97</td><td>97</td><td>102</td><td>96</td><td>106</td><td>106</td><td>101</td><td>95</td><td>94</td><td>82</td><td>69</td><td>77</td><td>79</td></tr><tr><td>Agricultural aid.</td><td>132</td><td>139</td><td>96</td><td>69</td><td>63</td><td>80</td><td>102</td><td>129</td><td>121</td><td>138</td><td>147</td><td>140</td><td>112</td></tr><tr><td>National Youth Administration.</td><td>-</td><td>-</td><td>-</td><td>2</td><td>5</td><td>5</td><td>6</td><td>8</td><td>10</td><td>10</td><td>9</td><td>10</td><td>11</td></tr><tr><td>Work Progress Administration.</td><td>173</td><td>173</td><td>167</td><td>149</td><td>134</td><td>106</td><td>113</td><td>112</td><td>124</td><td>120</td><td>113</td><td>134</td><td>133</td></tr><tr><td>Other.</td><td>127</td><td>142</td><td>134</td><td>159</td><td>161</td><td>159</td><td>159</td><td>138</td><td>138</td><td>156</td><td>134</td><td>143</td><td>159</td></tr><tr><td>Subtotal.</td><td>726</td><td>692</td><td>806</td><td>636</td><td>632</td><td>731</td><td>706</td><td>636</td><td>817</td><td>694</td><td>655</td><td>816</td><td>766</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>57</td><td>-</td><td>85</td><td>12</td><td>25</td><td>19</td><td>10</td><td>22</td><td>6</td><td>20</td><td>6</td><td>5</td><td>6</td></tr><tr><td>Commodity Credit Corporation.</td><td>5</td><td>4</td><td>1</td><td>6</td><td>236</td><td>5</td><td>19</td><td>25</td><td>11</td><td>6</td><td>3</td><td>4</td><td>4</td></tr><tr><td>Unemployment trust fund.</td><td>41</td><td>32</td><td>42</td><td>42</td><td>41</td><td>39</td><td>24</td><td>30</td><td>32</td><td>43</td><td>45</td><td>47</td><td>45</td></tr><tr><td>Federal Old-age and Survivors</td><td></td><td></td><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>Insurance Trust Fund.</td><td>2</td><td>1</td><td>2</td><td>1</td><td>1</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></tr><tr><td>Railroad retirement account.</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>10</td><td>10</td></tr><tr><td>Other.</td><td>1</td><td>18</td><td>66</td><td>57</td><td>42</td><td>84</td><td>10</td><td>14</td><td>82</td><td>5</td><td>23</td><td>15</td><td>16</td></tr><tr><td>Subtotal.</td><td>1</td><td>56</td><td>33</td><td>13</td><td>354</td><td>157</td><td>73</td><td>29</td><td>129</td><td>32</td><td>23</td><td>34</td><td>31</td></tr><tr><td>Redemption of adjusted service bonds.</td><td>3</td><td>2</td><td>4</td><td>3</td><td>3</td><td>3</td><td>2</td><td>2</td><td>1</td><td>-</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total cash outgo.</td><td>730</td><td>750</td><td>843</td><td>652</td><td>989</td><td>891</td><td>781</td><td>667</td><td>947</td><td>726</td><td>679</td><td>851</td><td>798</td></tr><tr><td>EXCESS OF CASH OUTGO.</td><td>407</td><td>198</td><td>199</td><td>283</td><td>400</td><td>139</td><td>382</td><td>100</td><td>332</td><td>328</td><td>65</td><td>-138</td><td>413</td></tr></table>
Nota:
Negative figures denote excess of cash income. 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>Cash income</td><td></td><td></td><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>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>326</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>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><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>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>690</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>652</td><td>989</td><td>891</td><td>781</td><td>667</td><td>947</td><td>9,481</td></tr><tr><td>1940</td><td>726</td><td>679</td><td>851</td><td>798</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><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>1935</td><td>239</td><td>299</td><td>-44</td><td>384</td><td>290</td><td>258</td><td>336</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>331</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>283</td><td>400</td><td>139</td><td>382</td><td>100</td><td>332</td><td>2,930</td></tr><tr><td>1940</td><td>328</td><td>65</td><td>-138</td><td>413</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Note:
Negative figures denote excess of cash income.
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1935 to Date
22
TREASURY GENERAL FUND AND PUBLIC DEBT
-23-
24
Composition of General Fund
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>End of fiscal year or month</th><th colspan="5">Balance</th><th colspan="5">Current assets</th><th>Current liabilities</th></tr><tr><th></th><th>Total</th><th>"Working" balance</th><th>Seignorage</th><th>Increment 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 deposits a/c sales of Gov't. Secs.</th><th>All other deposits and collections</th><th></th></tr><tr><td>1933</td><td>862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,103</td><td>134</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>1,811</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>862</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>1,528</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>75</td><td>249</td></tr><tr><td>1939-Apr.</td><td>3,044</td><td>2,380</td><td>522</td><td>142</td><td>-</td><td>3,330</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>772</td><td>86</td><td>353</td></tr><tr><td>Aug.</td><td>2,331</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>910</td><td>586</td><td>758</td><td>80</td><td>156</td></tr><tr><td>Oct.</td><td>1,913</td><td>1,213</td><td>558</td><td>142</td><td>-</td><td>2,077</td><td>922</td><td>318</td><td>756</td><td>81</td><td>164</td></tr><tr><td>Nov.</td><td>2,165</td><td>1,462</td><td>561</td><td>142</td><td>-</td><td>2,350</td><td>1,042</td><td>471</td><td>755</td><td>82</td><td>185</td></tr><tr><td>Dec.</td><td>2,476</td><td>1,768</td><td>565</td><td>143</td><td>-</td><td>2,666</td><td>1,086</td><td>673</td><td>825</td><td>83</td><td>190</td></tr><tr><td>1940-Jan.</td><td>2,282</td><td>1,571</td><td>568</td><td>143</td><td>-</td><td>2,453</td><td>1,044</td><td>517</td><td>816</td><td>86</td><td>181</td></tr><tr><td>Feb.</td><td>2,350</td><td>1,634</td><td>573</td><td>143</td><td>-</td><td>2,543</td><td>1,060</td><td>589</td><td>815</td><td>79</td><td>194</td></tr><tr><td>Mar.</td><td>2,514</td><td>1,794</td><td>577</td><td>143</td><td>-</td><td>2,696</td><td>1,063</td><td>734</td><td>814</td><td>85</td><td>182</td></tr><tr><td>Apr.</td><td>2,210</td><td>1,486</td><td>581</td><td>143</td><td>-</td><td>2,382</td><td>1,019</td><td>463</td><td>813</td><td>87</td><td>172</td></tr></table>
Statement of the Outstanding Public Debt on June 30, 1939 and April 30, 1940
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>June 30, 1939</th><th>April 30, 1940</th><th>Increases (+) Decreases (-)</th><th></th><th>June 30, 1939</th><th>April 30, 1940</th><th>Increases (+) 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>503</td><td>-34</td></tr><tr><td>Treasury bonds</td><td>25,218</td><td>26,908</td><td>+1,690</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>1,177</td><td>1,565</td><td>+388</td></tr><tr><td>U. S. Savings bonds</td><td>1,858</td><td>2,818</td><td>+950</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>267</td><td>-16</td><td>Government retirement funds</td><td>473</td><td>541</td><td>+68</td></tr><tr><td>Treasury notes</td><td>7,243</td><td>6,125</td><td>-1,118</td><td>Adjusted Service Certificate Fund</td><td>20</td><td>12</td><td>-8</td></tr><tr><td>Treasury bills</td><td>1,308</td><td>1,307</td><td>-1</td><td>Unemployment Trust Fund</td><td>1,267</td><td>1,640</td><td>+373</td></tr><tr><td>Matured debt on which interest has ceased</td><td>142</td><td>150</td><td>+8</td><td>Postal Savings System</td><td>128</td><td>87</td><td>-41</td></tr><tr><td>Debt bearing no interest</td><td>411</td><td>391</td><td>-20</td><td>Federal Deposit Insurance Corporation</td><td>101</td><td>71</td><td>-30</td></tr><tr><td>Total Market issues, etc</td><td>36,669</td><td>38,162</td><td>+1,493</td><td>Total Special issues</td><td>3,770</td><td>4,496</td><td>+726</td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>40,439</td><td>42,658</td><td>+2,219</td></tr></table>
Public Debt Accounts
(in millions of dollars - on basis of daily Treasury statements, unrevise)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures</th><th rowspan="2">Excess of Receipts</th></tr><tr><th>Cash</th><th>Adjusted Serv. Bondes</th><th>Exchanges</th><th>Special Series</th><th>Total</th><th>Cash</th><th>Exchanges</th><th>Special Series</th><th>Total</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>1939-Apr.</td><td>149.0</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><tr><td>Oct.</td><td>551.0</td><td>.5</td><td>-</td><td>55.0</td><td>606.5</td><td>419.2</td><td>-</td><td>9.0</td><td>428.2</td><td>178.4</td></tr><tr><td>Nov.</td><td>607.6</td><td>.6</td><td>515.2</td><td>188.4</td><td>1,311.8</td><td>524.8</td><td>515.2</td><td>2.8</td><td>1,042.8</td><td>269.0</td></tr><tr><td>Dec.</td><td>1,122.7</td><td>1.4</td><td>1,301.0</td><td>96.0</td><td>2,521.1</td><td>423.3</td><td>1,301.0</td><td>159.4</td><td>1,883.7</td><td>637.4</td></tr><tr><td>1940-Jan.</td><td>792.2</td><td>2.0</td><td>.1</td><td>50.3</td><td>844.6</td><td>651.1</td><td>.1</td><td>26.1</td><td>677.3</td><td>167.3</td></tr><tr><td>Feb.</td><td>548.4</td><td>.6</td><td>-</td><td>103.0</td><td>652.0</td><td>393.6</td><td>-</td><td>2.8</td><td>396.4</td><td>255.6</td></tr><tr><td>Mar.</td><td>519.2</td><td>.6</td><td>718.0</td><td>148.0</td><td>1,385.8</td><td>460.3</td><td>718.0</td><td>32.9</td><td>1,211.2</td><td>174.6</td></tr><tr><td>Apr.</td><td>523.0</td><td>.5</td><td>-</td><td>53.0</td><td>576.5</td><td>431.3</td><td>-</td><td>27.4</td><td>458.7</td><td>117.8</td></tr></table>
25
Statement Showing Details of Major Financing Operations of the Treasury
for Fiscal Years 1938, 1939 and 1940
(In millions of dollars)
<table><tr><th rowspan="2">Date of Issue</th><th rowspan="2">Rate Per Cent</th><th rowspan="2">Term</th><th rowspan="2">Call and maturity dates</th><th colspan="2">Amount issued</th><th rowspan="2">Amount of cash subscriptions tendered</th><th colspan="6">New securities allotted</th></tr><tr><th>Treasury bonds</th><th>Treasury notes and certificates</th><th>For Cash</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certificates</th><th>Date of Issue</th><th>Rate Per Cent</th><th>Call or maturity date</th></tr><tr><td>1937-Sept. 15.</td><td>1-1/4</td><td>1 yr. 3 mos.</td><td>Dec. 15, 1938</td><td>-</td><td>433</td><td>-</td><td>-</td><td>-</td><td>433</td><td>Sept. 15, 1932</td><td>3-1/4</td><td>Sept. 15,1937</td></tr><tr><td>Sept. 15.</td><td>2</td><td>5 years</td><td>Sept.15, 1942</td><td>-</td><td>342</td><td>-</td><td>-</td><td>-</td><td>342</td><td>Sept. 15, 1932</td><td>3-1/4</td><td>Sept. 15,1937</td></tr><tr><td>Dec. 15.</td><td>2-1/2</td><td>8 years</td><td>Dec. 15, 1945</td><td>541</td><td>-</td><td>4,084</td><td>294</td><td>-</td><td>247</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1,1938</td></tr><tr><td>Dec. 15.</td><td>1-3/4</td><td>5 years</td><td>Dec. 15, 1942</td><td>-</td><td>232</td><td>2,702</td><td>219</td><td>-</td><td>13</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1,1938</td></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept.15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15,1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15,1938 Sept. 15,1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15,1938 Sept. 15,1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept.15, 1950 Sept.15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15,1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15,1938</td></tr><tr><td>Dec. 15.</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>591</td><td>-</td><td>5,732</td><td>403</td><td>-</td><td>188</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15,1939</td></tr><tr><td>Dec. 15.</td><td>2</td><td>9 years</td><td>Dec. 15, 1947</td><td>701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>701</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15,1939</td></tr><tr><td>Dec. 15.</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>-</td><td>39</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15,1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>894</td><td>-</td><td>-</td><td>-</td><td>-</td><td>894</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15,1939</td></tr><tr><td>Mar. 15. (Add. 9/15/38)</td><td>2-1/2</td><td>12-14 years</td><td>Sept.15, 1950 Sept.15, 1952</td><td>319</td><td>-</td><td>-</td><td>-</td><td>-</td><td>319</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15,1939</td></tr><tr><td>Mar. 15. (Add. 12/15/38)</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>-</td><td>53</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15,1939</td></tr><tr><td>June 15.</td><td>3/4</td><td>5 years</td><td>June 15, 1944</td><td>-</td><td>416</td><td>-</td><td>-</td><td>-</td><td>416</td><td>June 15, 1937</td><td>1-3/8</td><td>Sept. 15,1939</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 4 1/2 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15,1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>6,264</td><td>(521 50)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>100</td><td>100*</td><td>-</td><td>1,018</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15,1940</td></tr><tr><td>Dec. 22.</td><td>1</td><td>4 years 9 mos.</td><td>Sept.15, 1944</td><td>-</td><td>283</td><td>-</td><td>-</td><td>-</td><td>283</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15,1940</td></tr><tr><td>1940-Mar. 15</td><td>3/4</td><td>5 years</td><td>Mar. 15, 1945</td><td>-</td><td>718</td><td>-</td><td>-</td><td>-</td><td>718</td><td>June 15, 1935</td><td>1-1/2</td><td>June 15,1940</td></tr></table>
Note: For financings in fiscal years 1934-37 see March Bulletin, pages 16-17.
* This amount was sold to Government investment accounts direct, as authorized by the issuing circular No. 626 of November 28, 1939.
** Cash sales direct to Government investment accounts, as authorized by issuing circular No. 627 of December 12, 1939.
26
Treasury Bill Offerings
(On basis of Public Debt Service Accounts)
<table><tr><th>Date of issue</th><th>Date of maturity</th><th>Days to maturity</th><th>Total amount applied for (in millions of dollars)</th><th>Amount (In millions of dollars)</th><th colspan="3">Bids accepted</th><th>Amount of maturing issue (In millions of dollars)</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Average Price (per hundred)</th><th>Equivalent rate 1/ (percent)</th><th></th><th></th></tr><tr><td>1938-Dec. 7</td><td>Mar. 8</td><td>91</td><td>354.2</td><td>101.0</td><td>99.996</td><td>0.017</td><td></td><td>100.1</td></tr><tr><td>Dec. 14</td><td>Mar. 15</td><td>91</td><td>384.5</td><td>100.7</td><td>99.997</td><td>0.013</td><td></td><td>100.0</td></tr><tr><td>Dec. 21</td><td>Mar. 22</td><td>91</td><td>497.7</td><td>100.6</td><td>99.999</td><td>0.006</td><td>2/</td><td>100.0</td></tr><tr><td>Dec. 28</td><td>Mar. 29</td><td>91</td><td>507.4</td><td>101.0</td><td>100.000</td><td></td><td></td><td>100.0</td></tr><tr><td>1939-Jan. 4</td><td>Apr. 5</td><td>91</td><td>488.8</td><td>100.7</td><td>100.001</td><td>2/</td><td></td><td>100.1</td></tr><tr><td>Jan. 11</td><td>Apr. 12</td><td>91</td><td>374.0</td><td>101.3</td><td>100.000</td><td>2/</td><td></td><td>100.0</td></tr><tr><td>Jan. 18</td><td>Apr. 19</td><td>91</td><td>295.0</td><td>101.2</td><td>100.000</td><td>0.001</td><td></td><td>100.0</td></tr><tr><td>Jan. 25</td><td>Apr. 26</td><td>91</td><td>250.5</td><td>100.4</td><td>99.998</td><td>0.007</td><td></td><td>100.5</td></tr><tr><td>Feb. 1</td><td>May 3</td><td>91</td><td>302.7</td><td>100.6</td><td>99.999</td><td>0.002</td><td></td><td>100.2</td></tr><tr><td>Feb. 8</td><td>May 10</td><td>91</td><td>302.1</td><td>101.3</td><td>99.999</td><td>0.004</td><td></td><td>100.7</td></tr><tr><td>Feb. 15</td><td>May 17</td><td>91</td><td>263.4</td><td>100.4</td><td>99.999</td><td>0.005</td><td></td><td>100.5</td></tr><tr><td>Feb. 23</td><td>May 24</td><td>91</td><td>321.5</td><td>100.8</td><td>99.999</td><td>0.004</td><td></td><td>100.3</td></tr><tr><td>Mar. 1</td><td>May 31</td><td>91</td><td>301.5</td><td>102.0</td><td>99.999</td><td>0.004</td><td></td><td>100.3</td></tr><tr><td>Mar. 8</td><td>June 7</td><td>91</td><td>323.3</td><td>100.5</td><td>99.999</td><td>0.003</td><td></td><td>101.0</td></tr><tr><td>Mar. 15</td><td>June 14</td><td>91</td><td>302.6</td><td>100.4</td><td>99.999</td><td>0.001</td><td></td><td>100.7</td></tr><tr><td>Mar. 22</td><td>June 21</td><td>91</td><td>342.1</td><td>100.4</td><td>99.999</td><td>0.003</td><td></td><td>100.6</td></tr><tr><td>Mar. 29</td><td>June 28</td><td>91</td><td>320.3</td><td>100.5</td><td>99.999</td><td>0.003</td><td></td><td>101.0</td></tr><tr><td>Apr. 5</td><td>July 5</td><td>91</td><td>256.8</td><td>100.3</td><td>99.999</td><td>0.016</td><td></td><td>100.7</td></tr><tr><td>Apr. 12</td><td>July 12</td><td>91</td><td>207.5</td><td>100.2</td><td>99.999</td><td>0.025</td><td></td><td>101.3</td></tr><tr><td>Apr. 19</td><td>July 19</td><td>91</td><td>222.8</td><td>100.4</td><td>99.999</td><td>0.023</td><td></td><td>101.2</td></tr><tr><td>Apr. 26</td><td>July 26</td><td>91</td><td>315.4</td><td>100.2</td><td>99.999</td><td>0.016</td><td></td><td>100.4</td></tr><tr><td>May 3</td><td>Aug. 2</td><td>91</td><td>377.5</td><td>100.4</td><td>99.999</td><td>0.012</td><td></td><td>100.6</td></tr><tr><td>May 10</td><td>Aug. 9</td><td>91</td><td>417.7</td><td>101.9</td><td>99.998</td><td>0.009</td><td></td><td>101.3</td></tr><tr><td>May 17</td><td>Aug. 16</td><td>91</td><td>414.4</td><td>100.2</td><td>99.999</td><td>0.005</td><td></td><td>100.4</td></tr><tr><td>May 24</td><td>Aug. 23</td><td>91</td><td>397.2</td><td>101.0</td><td>99.999</td><td>0.005</td><td></td><td>100.8</td></tr><tr><td>May 31</td><td>Aug. 30</td><td>91</td><td>392.0</td><td>100.5</td><td>99.999</td><td>0.005</td><td></td><td>102.0</td></tr><tr><td>June 7</td><td>Sept. 6</td><td>91</td><td>304.7</td><td>100.9</td><td>99.999</td><td>0.004</td><td></td><td>100.5</td></tr><tr><td>June 14</td><td>Sept. 13</td><td>91</td><td>311.4</td><td>100.3</td><td>99.999</td><td>0.004</td><td></td><td>100.4</td></tr><tr><td>June 21</td><td>Sept. 20</td><td>91</td><td>281.7</td><td>100.9</td><td>99.999</td><td>0.003</td><td></td><td>100.4</td></tr><tr><td>June 28</td><td>Sept. 27</td><td>91</td><td>236.1</td><td>100.1</td><td>99.999</td><td>0.005</td><td></td><td>100.5</td></tr><tr><td>July 5</td><td>Oct. 4</td><td>91</td><td>282.4</td><td>100.6</td><td>99.996</td><td>0.014</td><td></td><td>100.3</td></tr><tr><td>July 12</td><td>Oct. 11</td><td>91</td><td>259.7</td><td>100.4</td><td>99.997</td><td>0.012</td><td></td><td>100.2</td></tr><tr><td>July 19</td><td>Oct. 18</td><td>91</td><td>299.7</td><td>100.9</td><td>99.996</td><td>0.015</td><td></td><td>100.4</td></tr><tr><td>July 26</td><td>Oct. 25</td><td>91</td><td>240.2</td><td>100.2</td><td>99.995</td><td>0.019</td><td></td><td>100.2</td></tr><tr><td>Aug. 2</td><td>Nov. 1</td><td>91</td><td>275.4</td><td>101.0</td><td>99.995</td><td>0.022</td><td></td><td>100.4</td></tr><tr><td>Aug. 9</td><td>Nov. 8</td><td>91</td><td>256.2</td><td>100.4</td><td>99.992</td><td>0.032</td><td></td><td>101.9</td></tr><tr><td>Aug. 16</td><td>Nov. 15</td><td>91</td><td>242.2</td><td>100.1</td><td>99.992</td><td>0.032</td><td></td><td>100.2</td></tr><tr><td>Aug. 23</td><td>Nov. 22</td><td>91</td><td>218.4</td><td>100.9</td><td>99.989</td><td>0.042</td><td></td><td>101.0</td></tr><tr><td>Aug. 29</td><td>Nov. 29</td><td>91</td><td>320.0</td><td>100.4</td><td>99.981</td><td>0.076</td><td></td><td>100.5</td></tr><tr><td>Sept. 6</td><td>Dec. 6</td><td>91</td><td>322.1</td><td>100.4</td><td>99.973</td><td>0.108</td><td></td><td>100.9</td></tr><tr><td>Sept. 13</td><td>Dec. 13</td><td>91</td><td>430.8</td><td>100.1</td><td>99.960</td><td>0.159</td><td></td><td>100.3</td></tr><tr><td>Sept. 20</td><td>Dec. 20</td><td>91</td><td>480.2</td><td>100.0</td><td>99.968</td><td>0.125</td><td></td><td>100.9</td></tr><tr><td>Sept. 27</td><td>Dec. 27</td><td>91</td><td>548.0</td><td>100.7</td><td>99.979</td><td>0.082</td><td></td><td>100.1</td></tr><tr><td>Oct. 4</td><td>1940-Jan. 3</td><td>91</td><td>434.9</td><td>100.5</td><td>99.991</td><td>0.036</td><td></td><td>100.6</td></tr><tr><td>Oct. 11</td><td>Jan. 10</td><td>91</td><td>332.0</td><td>100.2</td><td>99.995</td><td>0.022</td><td></td><td>100.4</td></tr><tr><td>Oct. 18</td><td>Jan. 17</td><td>91</td><td>495.0</td><td>150.3</td><td>99.992</td><td>0.033</td><td></td><td>100.9</td></tr><tr><td>Oct. 25</td><td>Jan. 24</td><td>91</td><td>517.7</td><td>150.2</td><td>99.993</td><td>0.027</td><td></td><td>100.2</td></tr><tr><td>Nov. 1</td><td>Jan. 31</td><td>91</td><td>457.7</td><td>150.5</td><td>99.993</td><td>0.028</td><td></td><td>101.0</td></tr><tr><td>Nov. 8</td><td>Feb. 7</td><td>91</td><td>366.3</td><td>100.3</td><td>99.996</td><td>0.017</td><td></td><td>100.4</td></tr><tr><td>Nov. 15</td><td>Feb. 14</td><td>91</td><td>335.1</td><td>100.2</td><td>99.995</td><td>0.020</td><td></td><td>100.1</td></tr><tr><td>Nov. 22</td><td>Feb. 21</td><td>91</td><td>314.0</td><td>100.2</td><td>99.995</td><td>0.018</td><td></td><td>100.9</td></tr><tr><td>Nov. 29</td><td>Feb. 28</td><td>91</td><td>309.2</td><td>100.1</td><td>99.996</td><td>0.015</td><td></td><td>100.4</td></tr><tr><td>Dec. 6</td><td>Mar. 6</td><td>91</td><td>301.3</td><td>100.9</td><td>99.996</td><td>0.016</td><td></td><td>100.4</td></tr><tr><td>Dec. 13</td><td>Mar. 13</td><td>91</td><td>224.2</td><td>100.0</td><td>99.995</td><td>0.019</td><td></td><td>100.1</td></tr><tr><td>Dec. 20</td><td>Mar. 20</td><td>91</td><td>257.1</td><td>100.2</td><td>99.996</td><td>0.018</td><td></td><td>100.0</td></tr><tr><td>Dec. 27</td><td>Mar. 27</td><td>91</td><td>320.4</td><td>101.0</td><td>99.998</td><td>0.007</td><td></td><td>100.7</td></tr><tr><td>1940-Jan. 3</td><td>Apr. 3</td><td>91</td><td>579.7</td><td>101.9</td><td>100.002</td><td>2/</td><td></td><td>100.5</td></tr><tr><td>Jan. 10</td><td>Apr. 10</td><td>91</td><td>380.8</td><td>101.3</td><td>100.001</td><td>2/</td><td></td><td>100.2</td></tr><tr><td>Jan. 17</td><td>Apr. 17</td><td>91</td><td>225.5</td><td>100.2</td><td>100.001</td><td>2/</td><td></td><td>150.3</td></tr><tr><td>Jan. 24</td><td>Apr. 24</td><td>91</td><td>215.7</td><td>100.3</td><td>99.999</td><td>0.001</td><td></td><td>150.2</td></tr><tr><td>Jan. 31</td><td>May 1</td><td>91</td><td>191.0</td><td>100.0</td><td>99.999</td><td>0.004</td><td></td><td>150.5</td></tr><tr><td>Feb. 7</td><td>May 8</td><td>91</td><td>270.8</td><td>100.4</td><td>99.999</td><td>0.001</td><td></td><td>100.3</td></tr><tr><td>Feb. 14</td><td>May 15</td><td>91</td><td>223.8</td><td>100.4</td><td>99.999</td><td>0.005</td><td></td><td>100.2</td></tr><tr><td>Feb. 21</td><td>May 22</td><td>91</td><td>200.7</td><td>100.8</td><td>99.998</td><td>0.006</td><td></td><td>100.2</td></tr><tr><td>Feb. 28</td><td>May 29</td><td>91</td><td>215.8</td><td>100.5</td><td>99.999</td><td>0.005</td><td></td><td>100.1</td></tr><tr><td>Mar. 6</td><td>June 5</td><td>91</td><td>309.7</td><td>100.7</td><td>100.000</td><td>2/</td><td></td><td>100.9</td></tr><tr><td>Mar. 13</td><td>June 12</td><td>91</td><td>337.1</td><td>100.7</td><td>100.000</td><td>2/</td><td></td><td>100.0</td></tr><tr><td>Mar. 20</td><td>June 19</td><td>91</td><td>323.0</td><td>100.5</td><td>100.000</td><td>2/</td><td></td><td>100.2</td></tr><tr><td>Mar. 27</td><td>June 26</td><td>91</td><td>289.4</td><td>100.6</td><td>100.000</td><td>2/</td><td></td><td>101.0</td></tr><tr><td>Apr. 3</td><td>July 3</td><td>91</td><td>235.6</td><td>100.5</td><td>99.999</td><td>2/</td><td></td><td>101.9</td></tr><tr><td>Apr. 10</td><td>July 10</td><td>91</td><td>263.9</td><td>100.7</td><td>99.999</td><td>2/</td><td></td><td>101.3</td></tr><tr><td>Apr. 17</td><td>July 17</td><td>91</td><td>196.0</td><td>100.2</td><td>99.999</td><td>0.001</td><td></td><td>100.2</td></tr><tr><td>Apr. 24</td><td>July 24</td><td>91</td><td>182.5</td><td>100.0</td><td>99.999</td><td>0.004</td><td></td><td>100.3</td></tr><tr><td>May 1</td><td>July 31</td><td>91</td><td>182.4</td><td>100.1</td><td>99.998</td><td>0.007</td><td></td><td>100.0</td></tr><tr><td>May 8</td><td>Aug. 7</td><td>91</td><td>219.1</td><td>100.0</td><td>99.998</td><td>0.008</td><td></td><td>100.4</td></tr></table>
1/ Bank discount basis.
2/ Negatives.
27
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>Government agencies and trust funds United States Savings Bonds, 3% Adjusted Service Bonds of 1945, and 2% Postal Savings Bonds 1/</th><th>Market issues</th><th>Federal Reserve Banks</th><th>Other holders United States Savings Bonds and 3% Adjusted Service Bonds of 1945</th><th>Market issues otherwise held 2/</th><th>Total unmatured direct obligations outstanding</th><th>Government agencies and trust funds and Federal Reserve Banks</th><th>Market issues otherwise held</th><th>Total unmatured 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>-</td><td>-</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>681</td><td>681</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>3,745</td><td>4,123</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>4,718</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>4,284</td><td>4,665</td></tr><tr><td>1938</td><td>2,576</td><td>25</td><td>1,754</td><td>2,504</td><td>1,559</td><td>28,001</td><td>36,579</td><td>344</td><td>4,509</td><td>4,853</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>5,155</td><td>5,450</td></tr><tr><td>1939-Apr.</td><td>3,492</td><td>27</td><td>1,840</td><td>2,504</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>2,504</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</td><td>3,918</td><td>27</td><td>1,818</td><td>2,453</td><td>2,234</td><td>29,668</td><td>40,118</td><td>295</td><td>5,185</td><td>5,480</td></tr><tr><td>Aug.</td><td>4,094</td><td>28</td><td>1,825</td><td>2,426</td><td>2,297</td><td>29,685</td><td>40,356</td><td>294</td><td>5,195</td><td>5,489</td></tr><tr><td>Sept.</td><td>4,063</td><td>28</td><td>1,888</td><td>2,752</td><td>2,330</td><td>29,285</td><td>40,346</td><td>348</td><td>5,008</td><td>5,356</td></tr><tr><td>Oct.</td><td>4,109</td><td>28</td><td>1,887</td><td>2,669</td><td>2,369</td><td>29,468</td><td>40,530</td><td>348</td><td>5,008</td><td>5,356</td></tr><tr><td>Nov.</td><td>4,295</td><td>28</td><td>1,895</td><td>2,526</td><td>2,417</td><td>29,651</td><td>40,812</td><td>305</td><td>5,316</td><td>5,621</td></tr><tr><td>Dec.</td><td>4,231</td><td>28</td><td>2,017</td><td>2,472</td><td>2,499</td><td>30,218</td><td>41,465</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>1940-Jan.</td><td>4,256</td><td>28</td><td>2,027</td><td>2,465</td><td>2,762</td><td>30,081</td><td>41,619</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Feb.</td><td>4,356</td><td>29</td><td>2,009</td><td>2,455</td><td>2,889</td><td>30,101</td><td>41,849</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Mar. 3/.</td><td>4,472</td><td>29</td><td>2,014</td><td>2,463</td><td>2,975</td><td>30,031</td><td>41,983</td><td>290</td><td>5,334</td><td>5,624</td></tr><tr><td>Apr. 3/.</td><td>4,496</td><td>29</td><td>2,011</td><td>2,456</td><td>3,085</td><td>30,040</td><td>42,117</td><td>289</td><td>5,335</td><td>5,624</td></tr></table>
Note: Holdings of Government agencies, etc., on basis of their accounts with the Treasury, excluding matured obligations for which deposit has been made with the Treasurer of the United States for their redemption; 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 23% Postal Savings Bonds held by the Postal Savings System.
2/ Includes 23% Postal Savings Bonds held other than by Governmental 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="11">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>Deco.</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>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940.</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td></td><td></td><td></td><td></td><td></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 rowspan="2">Total</th><th colspan="8">Gross debt interest-bearing debt</th><th rowspan="2">Non-bearing debt</th><th rowspan="2">Balance in general fund</th><th rowspan="2">Gross debt less balance in general fund</th></tr><tr><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and cts. of indbt.</th><th colspan="2">Special issues</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><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>94</td><td>518</td><td>2,582</td><td>24,472</td></tr><tr><td>1935</td><td>28,701</td><td>27,045</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>26,850</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>1939-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>39,886</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>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><tr><td>Oct.</td><td>41,036</td><td>40,526</td><td>27,780</td><td>68.5</td><td>7,232</td><td>17.8</td><td>1,405</td><td>3.5</td><td>4,109</td><td>10.1</td><td>109</td><td>401</td><td>1,913</td><td>39,123</td></tr><tr><td>Nov.</td><td>41,305</td><td>40,807</td><td>27,826</td><td>68.2</td><td>7,232</td><td>17.7</td><td>1,454</td><td>3.6</td><td>4,295</td><td>10.5</td><td>98</td><td>400</td><td>2,165</td><td>39,140</td></tr><tr><td>Dec.</td><td>41,942</td><td>41,145</td><td>29,557</td><td>71.3</td><td>6,203</td><td>15.0</td><td>1,455</td><td>3.5</td><td>4,231</td><td>10.2</td><td>98</td><td>398</td><td>2,476</td><td>39,466</td></tr><tr><td>1940-Jan.</td><td>42,110</td><td>41,601</td><td>29,835</td><td>71.7</td><td>6,203</td><td>14.9</td><td>1,307</td><td>3.1</td><td>4,256</td><td>10.2</td><td>114</td><td>395</td><td>2,282</td><td>39,828</td></tr><tr><td>Feb.</td><td>42,365</td><td>41,839</td><td>29,973</td><td>71.6</td><td>6,203</td><td>14.8</td><td>1,308</td><td>3.1</td><td>4,356</td><td>10.4</td><td>132</td><td>394</td><td>2,350</td><td>40,015</td></tr><tr><td>Mar.</td><td>42,540</td><td>41,983</td><td>30,079</td><td>71.6</td><td>6,125</td><td>14.6</td><td>1,308</td><td>3.1</td><td>4,471</td><td>10.6</td><td>165</td><td>392</td><td>2,514</td><td>40,026</td></tr><tr><td>Apr.</td><td>42,658</td><td>42,117</td><td>30,189</td><td>71.7</td><td>6,125</td><td>14.5</td><td>1,307</td><td>3.1</td><td>4,496</td><td>10.7</td><td>150</td><td>391</td><td>2,210</td><td>40,448</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
28
29
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>1939-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>Sep.</td><td>40,341,909,035</td><td>1,051,817,484</td><td>2.607*</td></tr><tr><td>Oct.</td><td>40,526,147,836</td><td>1,054,365,376</td><td>2.602*</td></tr><tr><td>Nov.</td><td>40,806,570,235</td><td>1,058,487,906</td><td>2.594*</td></tr><tr><td>Dec.</td><td>41,445,451,769</td><td>1,076,615,135</td><td>2.598*</td></tr><tr><td>1940-Jan.</td><td>41,601,096,741</td><td>1,084,974,743</td><td>2.608*</td></tr><tr><td>Feb.</td><td>41,839,478,210</td><td>1,091,342,623</td><td>2.608*</td></tr><tr><td>Mar.</td><td>41,983,313,887</td><td>1,090,454,902</td><td>2.597*</td></tr><tr><td>Apr.</td><td>42,116,733,706</td><td>1,094,152,460</td><td>2.598*</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, unrevised. 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></th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and Corporate bonds</th><th></th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and Corporate bonds</th></tr><tr><td>Monthly averages of daily figures:</td><td></td><td></td><td></td><td>Weekly, Wednesday closing prices 3/:</td><td></td><td></td><td></td></tr><tr><td>1939-Jan.</td><td>2.47</td><td>2.96</td><td>.49</td><td>1939-Sept. 6.</td><td>2.56</td><td>3.41</td><td>.85</td></tr><tr><td>Feb.</td><td>2.44</td><td>2.90</td><td>.46</td><td>13.</td><td>2.64</td><td>3.33</td><td>.69</td></tr><tr><td>Mar.</td><td>2.34</td><td>2.87</td><td>.53</td><td>20.</td><td>2.72</td><td>3.31</td><td>.59</td></tr><tr><td>Apr.</td><td>2.30</td><td>2.92</td><td>.62</td><td>27.</td><td>2.74</td><td>3.29</td><td>.55</td></tr><tr><td>May.</td><td>2.17</td><td>2.86</td><td>.69</td><td>Oct. 4.</td><td>2.72</td><td>3.23</td><td>.51</td></tr><tr><td>June.</td><td>2.13</td><td>2.78</td><td>.65</td><td>11.</td><td>2.66</td><td>3.20</td><td>.54</td></tr><tr><td>July.</td><td>2.16</td><td>2.76</td><td>.60</td><td>18.</td><td>2.52</td><td>3.11</td><td>.59</td></tr><tr><td>Aug.</td><td>2.21</td><td>2.79</td><td>.58</td><td>25.</td><td>2.49</td><td>3.06</td><td>.57</td></tr><tr><td>Sept.</td><td>2.65</td><td>3.29</td><td>.64</td><td>Nov. 1.</td><td>2.50</td><td>3.00</td><td>.50</td></tr><tr><td>Oct.</td><td>2.60</td><td>3.14</td><td>.54</td><td>8.</td><td>2.50</td><td>2.95</td><td>.45</td></tr><tr><td>Nov.</td><td>2.46</td><td>2.93</td><td>.47</td><td>15.</td><td>2.47</td><td>2.94</td><td>.47</td></tr><tr><td>Dec.</td><td>2.35</td><td>2.86</td><td>.51</td><td>22.</td><td>2.39</td><td>2.91</td><td>.52</td></tr><tr><td>1940-Jan.</td><td>2.30</td><td>2.81</td><td>.51</td><td>29.</td><td>2.36</td><td>2.90</td><td>.54</td></tr><tr><td>Feb.</td><td>2.32</td><td>2.79</td><td>.47</td><td>Dec. 6.</td><td>2.41</td><td>2.88</td><td>.47</td></tr><tr><td>Mar.</td><td>2.25</td><td>2.77</td><td>.52</td><td>13.</td><td>2.37</td><td>2.84</td><td>.47</td></tr><tr><td>Apr.</td><td>2.25</td><td>2.74</td><td>.49</td><td>20.</td><td>2.32</td><td>2.85</td><td>.53</td></tr><tr><td>Weekly, Wednesday closing prices 3/:</td><td></td><td></td><td></td><td>27.</td><td>2.30</td><td>2.83</td><td>.53</td></tr><tr><td>1939-Apr.</td><td>2.30</td><td>2.92</td><td>.62</td><td>1940-Jan. 3.</td><td>2.29</td><td>2.82</td><td>.53</td></tr><tr><td>12.</td><td>2.32</td><td>2.92</td><td>.60</td><td>10.</td><td>2.28</td><td>2.80</td><td>.52</td></tr><tr><td>19.</td><td>2.29</td><td>2.91</td><td>.62</td><td>17.</td><td>2.32</td><td>2.82</td><td>.50</td></tr><tr><td>26.</td><td>2.27</td><td>2.91</td><td>.64</td><td>24.</td><td>2.30</td><td>2.81</td><td>.51</td></tr><tr><td>May 3.</td><td>2.25</td><td>2.91</td><td>.66</td><td>31.</td><td>2.33</td><td>2.82</td><td>.49</td></tr><tr><td>10.</td><td>2.16</td><td>2.87</td><td>.71</td><td>Feb. 7.</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>17.</td><td>2.14</td><td>2.84</td><td>.70</td><td>14.</td><td>2.32</td><td>2.78</td><td>.46</td></tr><tr><td>24.</td><td>2.13</td><td>2.83</td><td>.70</td><td>21.</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>31.</td><td>2.13</td><td>2.83</td><td>.70</td><td>28.</td><td>2.33</td><td>2.80</td><td>.47</td></tr><tr><td>June 7.</td><td>2.08</td><td>2.81</td><td>.73</td><td>Mar. 6.</td><td>2.28</td><td>2.79</td><td>.51</td></tr><tr><td>14.</td><td>2.12</td><td>2.78</td><td>.66</td><td>13.</td><td>2.25</td><td>2.77</td><td>.52</td></tr><tr><td>21.</td><td>2.16</td><td>2.77</td><td>.61</td><td>20.</td><td>2.26</td><td>2.75</td><td>.49</td></tr><tr><td>28.</td><td>2.17</td><td>2.76</td><td>.59</td><td>27.</td><td>2.23</td><td>2.75</td><td>.52</td></tr><tr><td>July 5.</td><td>2.20</td><td>2.76</td><td>.56</td><td>Apr. 3.</td><td>2.19</td><td>2.72</td><td>.53</td></tr><tr><td>12.</td><td>2.16</td><td>2.76</td><td>.60</td><td>10.</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>19.</td><td>2.17</td><td>2.76</td><td>.59</td><td>17.</td><td>2.26</td><td>2.78</td><td>.52</td></tr><tr><td>26.</td><td>2.14</td><td>2.74</td><td>.60</td><td>24.</td><td>2.28</td><td>2.76</td><td>.48</td></tr><tr><td>Aug. 2.</td><td>2.14</td><td>2.73</td><td>.59</td><td>May 1.</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>9.</td><td>2.17</td><td>2.74</td><td>.57</td><td>8.</td><td>2.26</td><td>2.71</td><td>.45</td></tr><tr><td>16.</td><td>2.17</td><td>2.76</td><td>.59</td><td>15.</td><td>2.44</td><td>2.92</td><td>.48</td></tr><tr><td>23.</td><td>2.24</td><td>2.81</td><td>.57</td><td></td><td></td><td></td><td></td></tr><tr><td>30.</td><td>2.27</td><td>2.88</td><td>.61</td><td></td><td></td><td></td><td></td></tr></table>
Note: Yields are computed on the basis of closing prices on New York Stock Exchange. Back figures may be found in the July 1939 bulletin, page 20.
1/ Average of Treasury bonds not due or callable for twelve years or more.
2/ Average of five bonds.
3/ Or the last preceding sale when there was no sale on Wednesday.
COMPARATIVE YIELDS OF AVERAGE OF ALL LONG-TERM U.S. TREASURY BONDS
INDIVIDUAL AVERAGE OF HIGH-GRADE CORPORATE
Yields Based on Wednesday Quotations 1940
30
ELDS OF TREASURY BONDS AND NOTES MAY 15, 1940
Based on Closing Prices
For callable bonds, yields are computed to and as of the final maturity date if the bond is selling below par, and as of the call date if the bond is selling at or above par. Dollar amounts shown in descriptions of issues are in millions and amounts made by the smooth curve are fitted by eye
31
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES
— 32 —
33
Governmental Corporations and Credit Agencies of the United States: Mar. 31, 1940
(Compiled from latest reports received from these agencies)
(In millions of dollars)
<table><tr><th></th><th>Assets</th><th colspan="2">Liabilities</th><th colspan="2">Proprietary Interest</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></tr><tr><td>Reconstruction Finance Corp.</td><td>1,676.4</td><td>1,098.9</td><td>126.5</td><td>-</td><td>451.0</td></tr><tr><td>Commodity Credit Corp.</td><td>692.7</td><td>407.9</td><td>184.8</td><td>-</td><td>100.0</td></tr><tr><td>Export-Import Bank of Washington</td><td>78.9</td><td>-</td><td>.4</td><td>-</td><td>78.5</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>15.4</td><td>-</td><td>8.3</td><td>-</td><td>7.1</td></tr><tr><td>Federal Deposit Insurance Corp.</td><td>512.9</td><td>-</td><td>223.6</td><td>139.3</td><td>150.0</td></tr><tr><td>Tennessee Valley Authority</td><td>332.2</td><td>-</td><td>15.5</td><td>-</td><td>316.7</td></tr><tr><td>Public Works Administration</td><td>84.7</td><td>-</td><td>-</td><td>-</td><td>84.7</td></tr><tr><td>United States Maritime Commission</td><td>222.1</td><td>-</td><td>55.1</td><td>-</td><td>167.0</td></tr><tr><td>Rural Electrification Admin.</td><td>204.4</td><td>-</td><td>-</td><td>-</td><td>204.4</td></tr><tr><td>Home Owners' Loan Corp.</td><td>2,895.1</td><td>2,791.4</td><td>75.4</td><td>-</td><td>28.3</td></tr><tr><td>Federal Savings & Loan Insurance Corp.</td><td>123.5</td><td>-</td><td>1.3</td><td>-</td><td>122.2</td></tr><tr><td>Federal Home Loan Banks</td><td>260.0</td><td>-</td><td>83.4</td><td>51.9</td><td>124.7</td></tr><tr><td>Federal Housing Admin.</td><td>56.3</td><td>6.1</td><td>1.9</td><td>-</td><td>48.3</td></tr><tr><td>Federal National Mortgage Assn.</td><td>161.6</td><td>-</td><td>88.6</td><td>-</td><td>73.0</td></tr><tr><td>United States Housing Authority</td><td>277.5</td><td>114.4</td><td>4.7</td><td>-</td><td>158.4</td></tr><tr><td>Farm Credit Administration</td><td>283.6</td><td>-</td><td>192.9</td><td>-</td><td>90.7</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>1,521.5</td><td>1,282.4</td><td>39.8</td><td>-</td><td>199.3</td></tr><tr><td>Federal Land Banks</td><td>2,305.5</td><td>-</td><td>1,795.8</td><td>206.5</td><td>303.2</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>301.4</td><td>-</td><td>193.3</td><td>-</td><td>108.1</td></tr><tr><td>Banks for Cooperatives</td><td>183.0</td><td>-</td><td>3.1</td><td>3.7</td><td>176.2</td></tr><tr><td>Production Credit Corp.</td><td>122.5</td><td>-</td><td>.3</td><td>-</td><td>122.2</td></tr><tr><td>Regional Agricultural Credit Corps</td><td>22.1</td><td>-</td><td>2.2</td><td>-</td><td>19.9</td></tr><tr><td>War emergency corpo. & agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Navy Department (cals of surplus war supplies)</td><td>4.6</td><td>-</td><td>-</td><td>-</td><td>4.6</td></tr><tr><td>United States Housing Corp.</td><td>1.8</td><td>-</td><td>-</td><td>-</td><td>1.8</td></tr><tr><td>United States Railroad Admin.</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>United States Spruce Production Corp.</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>War Finance Corp.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Disaster Loan Corp.</td><td>22.8</td><td>-</td><td>.1</td><td>-</td><td>22.7</td></tr><tr><td>Electric Home and Farm Authority</td><td>11.6</td><td>-</td><td>10.6</td><td>-</td><td>1.0</td></tr><tr><td>Farm Security Administration</td><td>280.1</td><td>-</td><td>-</td><td>-</td><td>280.1</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>8.4</td><td>-</td><td>.2</td><td>-</td><td>8.2</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.7</td><td>-</td><td>-</td><td>-</td><td>2.7</td></tr><tr><td>Ialnd Waterways Corp.</td><td>25.2</td><td>-</td><td>.9</td><td>-</td><td>24.3</td></tr><tr><td>Panama Railroad Co.</td><td>48.9</td><td>-</td><td>1.5</td><td>-</td><td>47.4</td></tr><tr><td>Puerto Rico Reconstruction Admin.</td><td>8.2</td><td>-</td><td>-</td><td>-</td><td>8.2</td></tr><tr><td>R F C Mortgage Company</td><td>61.5</td><td>-</td><td>1.7</td><td>-</td><td>59.8</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Treasury Department: Federal Savings & Loan Assns.</td><td>34.1</td><td>-</td><td>-</td><td>-</td><td>34.1</td></tr><tr><td>Railroad loans (Transportation Act, 1920)</td><td>30.2</td><td>-</td><td>-</td><td>-</td><td>30.2</td></tr><tr><td>Securities received by the Bureau of Internal Revenue in settlement of tax liabilities</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Securities received from the Reconstruction Finance Corp. under Act of Feb. 24, 1935</td><td>2.4</td><td>-</td><td>-</td><td>-</td><td>2.4</td></tr><tr><td>Total</td><td>12,877.3</td><td>5,701.0</td><td>3,112.2</td><td>401.4</td><td>3,662.7</td></tr></table>
Notes: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. Excluding inter-agency transactions.
Proprietary Interest of the United States in Governmental Corporations and
Lending Agencies: Mar. 31, 1940
(Compiled from latest reports received from these agencies)
(in millions of dollars)
<table><tr><th></th><th>Capital Stock</th><th>Surplus</th><th>Inter-agency Transactions</th><th>Net Primary Interest of the U. S.</th></tr><tr><td>Stock:</td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corp.</td><td>500.0</td><td>279.0</td><td>328.0 2/</td><td>451.0</td></tr><tr><td>Commodity Credit Corp.</td><td>100.0</td><td>-</td><td>-</td><td>100.0</td></tr><tr><td>Export-Import Bank of Washington</td><td>75.0</td><td>3.5</td><td>-</td><td>78.5</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>16.5</td><td>-</td><td>9.4 2/</td><td>7.1</td></tr><tr><td>Federal Deposit Insurance Corp.</td><td>150.0</td><td>-</td><td>-</td><td>150.0</td></tr><tr><td>Home Owners' Loan Corp.</td><td>200.0</td><td>71.7 3/</td><td>100.0 2/</td><td>28.3</td></tr><tr><td>Federal Savings and Loan Insurance Corp.</td><td>100.0</td><td>22.2</td><td>-</td><td>122.2</td></tr><tr><td>Federal Home Loan Banks</td><td>124.7</td><td>-</td><td>-</td><td>124.7</td></tr><tr><td>U. S. Housing Authority</td><td>1.0</td><td>137.4</td><td>-</td><td>138.4</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>200.0</td><td>-</td><td>.7 2/</td><td>199.3</td></tr><tr><td>Federal Land Banks</td><td>124.7</td><td>187.1</td><td>8.6 2/</td><td>303.2</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>70.0</td><td>49.7</td><td>11.6 2/</td><td>108.1</td></tr><tr><td>Banks for Cooperatives</td><td>149.0</td><td>15.5</td><td>11.7</td><td>176.2</td></tr><tr><td>Production Credit Corps</td><td>120.0</td><td>2.2</td><td>-</td><td>122.2</td></tr><tr><td>Regional Agricultural Credit Corp.</td><td>5.0</td><td>14.9</td><td>-</td><td>19.9</td></tr><tr><td>U. S. Housing Corp.</td><td>34.1</td><td>32.3 3/</td><td>-</td><td>1.8</td></tr><tr><td>U. S. Spruce Production Corp.</td><td>.1</td><td>.2</td><td>.4</td><td>.7</td></tr><tr><td>Disaster Loan Corp.</td><td>24.0</td><td>1.3 3/</td><td>-</td><td>22.7</td></tr><tr><td>Electric Home and Farm Authority</td><td>.8</td><td>.2</td><td>-</td><td>1.0</td></tr><tr><td>Federal National Mortgage Assn.</td><td>10.0</td><td>4.8</td><td>58.2</td><td>73.0</td></tr><tr><td>Inland Waterways Corp.</td><td>12.0</td><td>12.3</td><td>-</td><td>24.3</td></tr><tr><td>Panama Railroad Company</td><td>7.0</td><td>41.5</td><td>1.1 2/</td><td>47.4</td></tr><tr><td>R F C Mortgage Company</td><td>25.0</td><td>.1</td><td>34.7</td><td>59.8</td></tr><tr><td>T V A Cooperatives, Inc.</td><td>1/</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>Total</td><td>2,048.9</td><td>665.6</td><td>354.4</td><td>2,360.1</td></tr><tr><td>Non-Stock:</td><td></td><td></td><td></td><td></td></tr><tr><td>Tennessee Valley Authority</td><td></td><td></td><td></td><td>266.4 4/</td></tr><tr><td>Public Works Admn.</td><td></td><td></td><td></td><td>84.7</td></tr><tr><td>U. S. Maritime Commission</td><td></td><td></td><td></td><td>167.0</td></tr><tr><td>Rural Electrification Admn.</td><td></td><td></td><td></td><td>204.4</td></tr><tr><td>Federal Housing Admn.</td><td></td><td></td><td></td><td>48.3</td></tr><tr><td>Farm Credit Admn.</td><td></td><td></td><td></td><td>90.7</td></tr><tr><td>Rey Department (Sale of surplus war supplies)</td><td></td><td></td><td></td><td>4.6</td></tr><tr><td>U. S. Railroad Admn.</td><td></td><td></td><td></td><td>.1</td></tr><tr><td>Farm Security Admn.</td><td></td><td></td><td></td><td>280.1</td></tr><tr><td>Federal Prisons Industries, Inc.</td><td></td><td></td><td></td><td>8.2</td></tr><tr><td>Interior Department (Indian loans)</td><td></td><td></td><td></td><td>2.7</td></tr><tr><td>Puerto Rico Reconstructio
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.
4/ Exclusive of special obligations held by the Treasury shown at end of statement.
34
Sources of Funds of Certain Governmental Corporations and Agencies for the First 9 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury)
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, redicounts, and loans from other governmental corporations or agencies (net)</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</td><td>-</td><td>-</td><td>$243,047,627*</td><td>$276,468,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>$119,599,918</td><td>-</td><td>10,000,000*</td><td>200,620,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$29,000,000</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>39,339,988</td><td>$57,428,189</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>20,000,000*</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>39,572,950*</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>2,282,252</td><td>-</td><td>20,000,000</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>110,022,000*</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>-</td><td>-</td><td>-</td><td>52,300</td></tr><tr><td>Disaster Loan Corporation</td><td>4,000,000 3/</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>929,950</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>30,309,926</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>2,618,291</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>165,222,158</td><td>90,356,406</td><td>253,047,627*</td><td>282,523,000</td><td>31,052,300</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 4/</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</td><td>$4,265,573</td><td>$210,794,081</td><td>$48,114,215</td><td>$6,705,910</td><td>$303,300,152</td></tr><tr><td>Commodity Credit Corporation</td><td>19,896,777</td><td>65,040,282</td><td>4,588,434</td><td>1,744,746</td><td>401,490,157</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>3,508,756</td><td>1,470,023</td><td>66,215</td><td>34,044,994</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>22,653,932</td><td>49,196,164</td><td>499,891</td><td>72,349,987</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>746,156</td><td>2,713,551</td><td>897</td><td>100,228,781</td></tr><tr><td>Home Owners' Loan Corporation</td><td>32,319,544</td><td>132,313,514</td><td>95,994,247</td><td>8,386,897</td><td>203,114,202</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>3,799,524</td><td>76,077</td><td>3,875,601</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>100,990,616</td><td>4,045,279</td><td>2,319,517</td><td>67,782,462</td></tr><tr><td>United States Housing Authority</td><td>774,847</td><td>48,089,810</td><td>3,946,205</td><td>26,798</td><td>75,119,912</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>3,197,729</td><td>52,286,109</td><td>47,338,648</td><td>1,055,292</td><td>6,144,222 5/</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>18,769,277</td><td>1,077,539</td><td>35,635</td><td>19,934,751</td></tr><tr><td>Disaster Loan Corporation</td><td>22,353</td><td>1,291,214</td><td>172,571</td><td>14,184</td><td>7,500,322</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>4,974,919</td><td>720,393</td><td>42,106</td><td>6,667,368</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>11,689</td><td>7,357,141</td><td>5,062,076</td><td>537,499</td><td>43,278,331</td></tr><tr><td>RPC Mortgage Company 2/</td><td>311,195</td><td>13,928,338</td><td>1,873,400</td><td>-</td><td>18,731,224</td></tr><tr><td>Total</td><td>60,799,707</td><td>682,744,145</td><td>270,112,269</td><td>21,511,664</td><td>1,351,274,022</td></tr></table>
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2/ Effective October 31, 1939, separate statements are being prepared for the Reconstruction Finance Corporation, Federal National Mortgage Association and the RFC Mortgage Company. Previous statements included the latter two corporations with the Reconstruction Finance Corporation figures.
3/ 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 canceled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
4/ Receipts from the sale of property in liquidation of loans are shown as "Sales of Other Property Acquired".
5/ Excess of disbursements; deduct.
35
Uses of Funds of Certain Governmental Corporations and Agencies for the First 9 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury - Expenditures on basis of checks issued)
<table><tr><th rowspan="2">Corporation or agency</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>Administrative</th><th>Nonadministrative</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$6,867,076</td><td>$867,736</td><td>-</td><td>$195,128,868</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>3,842,968</td><td>-</td><td>$44,769,921</td><td>$315,302,960</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>55,555</td><td>1,509</td><td>-</td><td>15,752,806</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>2,551,663</td><td>-</td><td>-</td><td>30,349,907</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,050,408</td><td>-</td><td>-</td><td>81,048,089</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>17,673,318</td><td>27,949,473</td><td>17,399,325</td><td>60,615,324</td><td>$112,347,600</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>183,530</td><td>5,383</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>878,737</td><td>-</td><td>-</td><td>69,671,333</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>4,133,226</td><td>1,042,996</td><td>435,988</td><td>118,486,737</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>6,674,252</td><td>1,205,973</td><td>2,537,468</td><td>19,185,851</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>90,930</td><td>-</td><td>-</td><td>20,408,422</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>424,947</td><td>8,423</td><td>-</td><td>6,698,121</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>328,521</td><td>167,876</td><td>-</td><td>6,076,567</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>577,874</td><td>668,728</td><td>-</td><td>40,393,677</td><td>-</td></tr><tr><td> RFC Mortgage Company 2/</td><td>541,069</td><td>1,089,067</td><td>-</td><td>15,564,823</td><td>-</td></tr><tr><td>Total</td><td>46,874,074</td><td>33,007,164</td><td>65,142,702</td><td>994,683,485</td><td>112,347,600</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, redevcounts, and loans to other governmental corporations or agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$31,000,000</td><td>$27,827,825</td><td>$8,994,498</td><td>$8,753,071</td><td>$279,439,074</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>20,987,341</td><td>1,424,251</td><td>14,995,520</td><td>401,322,961</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>18,600,000</td><td>-</td><td>79,610</td><td>34,489,480</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>20,534,215</td><td>-</td><td>230,483</td><td>171,862</td><td>53,838,130</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,215,961</td><td>132,035</td><td>84,446,493</td></tr><tr><td>Home Owners' Loan Corporation</td><td>13,604,725</td><td>-</td><td>41,401,867</td><td>-</td><td>263,782,182</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>3,030,756</td><td>-</td><td>520,814</td><td>9,089</td><td>3,749,572</td></tr><tr><td>Federal Home Loan Banks</td><td>3,763,573</td><td>-</td><td>2,693,645</td><td>42,996</td><td>77,050,284</td></tr><tr><td>United States Housing Authority</td><td>1,600,000</td><td>-</td><td>1,605,322</td><td>-</td><td>127,304,269</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>17,775,000</td><td>-</td><td>26,422,270</td><td>2,245,861</td><td>40,496,675</td></tr><tr><td>Central Bank for Cooperatives</td><td>7,351,849</td><td>2,670,526</td><td>38,071</td><td>114,864</td><td>15,970,964</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>368,141</td><td>-</td><td>690</td><td>7,500,322</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>61,107</td><td>2,106</td><td>6,636,177</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>-</td><td>1,608,073</td><td>29,979</td><td>43,278,331</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>-</td><td>1,180,157</td><td>357,316</td><td>18,732,432</td></tr><tr><td>Total</td><td>21,196,970</td><td>70,453,833</td><td>87,396,519</td><td>26,934,999</td><td>1,458,037,346</td></tr></table>
1/ Receipts received in payment of mortgages appear under "Repayment of Loans" in the statement of sources of funds. 
2/ Effective October 31, 1939, separate statements are being made for the Reconstruction Finance Corporation, Federal National Mortgage Association and the RFC Mortgage Company. Previous statements included the latter two corporations with the Reconstruction Finance Corporation figures. 
* Excess of sales over purchases; deduct.
36
Sources of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to March 31, 1940
(Compiled from latest reports received by the Treasury)
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, redis-counte, and loans from other governmental corporations or agencies (net)</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 2/</td><td>$500,000,000</td><td>-</td><td>-</td><td>$1,096,157,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>313,885,323 3/</td><td>-</td><td>-</td><td>406,794,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>$74,000,000</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>108,476,722</td><td>$121,275,764</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000 4/</td><td>-</td><td>-</td><td>3,114,453,550 5/</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 4/</td><td>-</td><td>-</td><td>90,013,225</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>32,638,474</td><td>-</td><td>$20,000,000</td><td>114,157,000</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>200,000,000 4/</td><td>-</td><td>35,000,000</td><td>1,234,387,900</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>50,000,000</td><td>2,577,500</td><td>-</td><td>-</td><td>423,300</td></tr><tr><td>Disaster Loan Corporation</td><td>22,000,000 4/</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,000,000</td><td>-</td><td>-</td><td>9,011,572</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>55,209,930</td><td>-</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>32,472,926</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Total</td><td>1,758,951,449</td><td>156,326,190</td><td>55,000,000</td><td>6,150,214,247</td><td>351,722,857</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 6/</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 2/</td><td>$17,544,182</td><td>$4,888,653,446</td><td>$542,882,738</td><td>$66,087,396</td><td>$7,111,324,762</td></tr><tr><td>Commodity Credit Corporation</td><td>27,594,022</td><td>633,565,408</td><td>14,097,247</td><td>2,267,305</td><td>1,398,203,305</td></tr><tr><td>Export-import Bank of Washington</td><td>-</td><td>35,460,465</td><td>5,397,410</td><td>707,120</td><td>116,584,995</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>40,132,202</td><td>239,494,075</td><td>3,706,050</td><td>572,631,884</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,179,915</td><td>4,035,233</td><td>325</td><td>234,967,959</td></tr><tr><td>Home Owners' Loan Corporation</td><td>73,359,614</td><td>733,315,551</td><td>735,765,600</td><td>12,165,633</td><td>4,869,059,948</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>26,791,204</td><td>107,145</td><td>126,898,349</td></tr><tr><td>Federal Home Loan Banke</td><td>-</td><td>455,052,443</td><td>33,715,958</td><td>36,198,228</td><td>739,720,854</td></tr><tr><td>United States Housing Authority</td><td>774,848</td><td>48,887,108</td><td>9,668,338</td><td>177,523</td><td>226,303,291</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>7,893,484</td><td>233,621,370</td><td>355,244,102</td><td>9,349,051</td><td>2,075,495,907</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>183,285,507</td><td>9,456,634</td><td>2,341,280</td><td>248,084,221</td></tr><tr><td>Disaster Loan Corporation</td><td>34,587</td><td>3,799,528</td><td>488,518</td><td>58,129</td><td>28,380,762</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>13,219,507</td><td>2,263,141</td><td>223,258</td><td>25,717,478</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>11,689</td><td>12,071,987</td><td>8,823,044</td><td>2,775,764</td><td>175,132,414</td></tr><tr><td>RFC Mortgage Company 2/</td><td>313,999</td><td>92,739,217</td><td>8,812,527</td><td>2,746,442</td><td>162,085,111</td></tr><tr><td>Total</td><td>127,526,425</td><td>7,375,003,654</td><td>1,996,935,769</td><td>138,910,649</td><td>18,110,591,240</td></tr></table>
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2/ Effective October 31, 1939, separate statements are being shown for the Reconstruction Finance Corporation, Federal National Mortgage Association, and the RFC Mortgage Company. Previous statements included the latter two corporations with the Reconstruction Finance Corporation figures.
3/ Includes $3,000,000.00 N.I.R.A.; $97,000,000.00 RFC included in notes canceled by the Treasury (see footnote 4); and $213,855,322.78 restoration of capital impairment pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
4/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amount being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 2d, 1938.
5/ Retirement of these obligations shown as "Retirement of Obligations Issued in Exchange for Mortgages" in the statement of uses of funds.
6/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of Other Property Acquired".
37
Uses of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to March 31, 1940
(Compiled from latest reports received by the Treasury - Expenditures on basis of checks issued)
<table><tr><th rowspan="2">Corporation or agency</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>Administrative</th><th>Nonadministrative</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$71,793,875</td><td>$6,322,732</td><td>-</td><td>$6,500,007,475</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>8,000,465</td><td>-</td><td>$47,652,432</td><td>1,279,318,690</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>357,812</td><td>1,718</td><td>-</td><td>78,188,001</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>19,119,406</td><td>-</td><td>-</td><td>108,535,678</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>7,655,771</td><td>-</td><td>-</td><td>203,385,914</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>192,133,993</td><td>85,782,966</td><td>119,004,052</td><td>3,233,501,045</td><td>$343,396,125</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>959,891</td><td>15,611</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>8,037,693</td><td>-</td><td>-</td><td>592,694,724</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>8,900,795</td><td>3,714,987</td><td>26,087,027</td><td>177,436,864</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>60,367,000</td><td>3,036,639</td><td>9,207,904</td><td>984,822,086</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>704,807</td><td>-</td><td>-</td><td>197,854,620</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>1,959,350</td><td>88,114</td><td>-</td><td>24,560,378</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,315,125</td><td>496,839</td><td>-</td><td>23,157,245</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>1,262,843</td><td>1,124,991</td><td>-</td><td>170,352,433</td><td>-</td></tr><tr><td>RFC Mortgages Company 2/</td><td>3,425,717</td><td>3,110,840</td><td>-</td><td>151,805,723</td><td>-</td></tr><tr><td>Total</td><td>385,994,543</td><td>103,695,437</td><td>201,951,415</td><td>13,725,620,876</td><td>343,396,125</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 3/</th><th>Allocations, rediscounts, and loans to other governmental corporations or agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$112,000,000</td><td>$152,805,709</td><td>$230,775,492</td><td>$13,137,946</td><td>$7,086,843,229</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>27,474,608</td><td>18,486,602</td><td>15,503,728</td><td>1,396,436,525</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>34,900,000</td><td>2,262,329</td><td>543,801</td><td>116,253,661</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>364,030,072</td><td>-</td><td>43,139,332</td><td>724,611</td><td>535,549,099</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,763,673</td><td>315,821</td><td>213,121,179</td></tr><tr><td>Home Owners' Loan Corporation</td><td>302,854,235</td><td>-</td><td>403,611,736</td><td>8,990,441</td><td>4,689,274,593</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>120,965,895</td><td>-</td><td>3,942,210</td><td>568,427</td><td>126,452,034</td></tr><tr><td>Federal Home Loan Banks</td><td>52,750,915</td><td>-</td><td>17,110,621</td><td>188,928</td><td>670,782,881</td></tr><tr><td>United States Housing Authority</td><td>3,300,000</td><td>-</td><td>1,663,787</td><td>60,858</td><td>221,164,318</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>761,179,840</td><td>-</td><td>218,284,499</td><td>13,236,658</td><td>2,050,134,626</td></tr><tr><td>Central Bank for Cooperatives</td><td>38,158,151</td><td>-</td><td>461,368</td><td>3,172,982</td><td>240,351,928</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>1,770,694</td><td>-</td><td>1,226</td><td>28,379,762</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>180,839</td><td>185,802</td><td>25,335,850</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>-</td><td>2,333,025</td><td>59,122</td><td>175,132,414</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>-</td><td>3,735,308</td><td>2,280</td><td>162,079,858</td></tr><tr><td>Total</td><td>1,755,239,108</td><td>216,951,011</td><td>947,750,821</td><td>56,692,631</td><td>17,737,291,967</td></tr></table>
1/3/ Receipts received in payment of mortgages appear under "Repayment of Loans" in the statement of sources of funds. Effective October 31, 1939, separate statements are being shown for the Reconstruction Finance Corporation, Federal National Mortgage Association and the RFC Mortgage Company. Previous statements included the letter two corporations with the Reconstruction Finance Corporation figures. 3/ Includes U. S. Government Bonds in the amount of $349,274,964 as follows: Federal Deposit Insurance Corporation, $275,539,931; Federal Savings and Loan Insurance Corporation, $12,864,500; U. S. Housing Authority, $3,300,000; the Banke for Cooperatives, $24,965,000; and Federal Home Loan Banks, $33,505,533.
38
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>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.5</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>4,604.6</td><td>-</td><td>1,422.2</td><td>.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>298.9</td><td>-</td></tr><tr><td>1939</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>1939-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>5,479.7</td><td>206.2</td><td>1,379.4</td><td>2.2</td><td>2,957.9</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>2,704.6</td><td>819.8</td><td>114.2</td></tr><tr><td>Sept.</td><td>5,456.0</td><td>408.7</td><td>1,280.1</td><td>2.8</td><td>2,830.4</td><td>819.8</td><td>114.2</td></tr><tr><td>Oct.</td><td>5,448.4</td><td>408.7</td><td>1,280.0</td><td>2.9</td><td>2,822.7</td><td>819.9</td><td>114.2</td></tr><tr><td>Nov.</td><td>5,707.7</td><td>407.1</td><td>1,270.0</td><td>3.4</td><td>2,817.3</td><td>1,095.7</td><td>114.2</td></tr><tr><td>Dec.</td><td>5,703.8</td><td>406.8</td><td>1,269.8</td><td>3.5</td><td>2,813.4</td><td>1,096.1</td><td>114.2</td></tr><tr><td>1940-Jan.</td><td>5,699.4</td><td>406.8</td><td>1,269.8</td><td>3.2</td><td>2,809.3</td><td>1,096.1</td><td>114.2</td></tr><tr><td>Feb.</td><td>5,673.3</td><td>406.8</td><td>1,269.8</td><td>3.6</td><td>2,782.8</td><td>1,096.1</td><td>114.2</td></tr><tr><td>Mar.</td><td>5,663.7</td><td>406.8</td><td>1,269.8</td><td>6.1</td><td>2,770.7*</td><td>1,096.1</td><td>114.2</td></tr></table>
Preliminary
1/ Includes unmatured and matured obligations, exclusive of obligations sold directly to the Treasury.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
—39—
40
Net Capital Movement between the United States and Foreign Countries 1935 through February 1940
(In thousands of dollars. Capital inflow or capital outflow (-))
<table><tr><th></th><th>Grand total</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>Asia</th><th>All other</th></tr><tr><td>NET CAPITAL MOVEMENT:</td><td></td><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>1,412,486</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>129,904</td><td>1,200,598</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>1,195,922</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></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>801,915</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></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>368,902</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></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>1,101,206</td><td>-84,607</td><td>129,215</td><td>25,199</td><td>25,095</td><td>145,689</td><td>218,975</td><td>289,199</td><td>748,765</td><td>71,198</td><td>93,884</td><td>134,062</td><td>53,297</td></tr><tr><td>Jan. 3, 1940-Feb. 28, 1940</td><td>49,622</td><td>-95,034</td><td>-578</td><td>71</td><td>2,698</td><td>-1,238</td><td>53,381</td><td>85,065</td><td>44,365</td><td>4,132</td><td>24,380</td><td>-5,139</td><td>-9,852</td></tr><tr><td>Total</td><td>4,930,053</td><td>1,006,412</td><td>468,149</td><td>165,987</td><td>60,795</td><td>469,046</td><td>826,349</td><td>838,086</td><td>3,834,824</td><td>224,218</td><td>507,767</td><td>285,741</td><td>77,903</td></tr><tr><td>Week ended 1940-Feb. 7</td><td>-6,297</td><td>1,821</td><td>-933</td><td>-833</td><td>40</td><td>4,081</td><td>1,463</td><td>762</td><td>-1,761</td><td>-6,939</td><td>-3,000</td><td>5,359</td><td>44</td></tr><tr><td>Feb. 14</td><td>17,698</td><td>-15,257</td><td>1,370</td><td>1,486</td><td>-879</td><td>1,837</td><td>16,991</td><td>21,755</td><td>27,503</td><td>887</td><td>9,049</td><td>-16,283</td><td>-3,258</td></tr><tr><td>Feb. 21</td><td>-27,291</td><td>-14,190</td><td>-7,164</td><td>-1,030</td><td>-761</td><td>3,922</td><td>7,635</td><td>-11,812</td><td>-23,400</td><td>-3,237</td><td>-2,427</td><td>751</td><td>1,022</td></tr><tr><td>Feb. 28</td><td>27,917</td><td>4,740</td><td>3,707</td><td>25</td><td>653</td><td>1,301</td><td>1,953</td><td>16,090</td><td>28,469</td><td>6,915</td><td>290</td><td>-1,361</td><td>-6,396</td></tr><tr><td>Total February</td><td>12,027</td><td>-22,886</td><td>-3,020</td><td>-352</td><td>-947</td><td>2,979</td><td>28,042</td><td>26,795</td><td>30,611</td><td>-2,374</td><td>3,912</td><td>-11,534</td><td>-8,588</td></tr><tr><td>MOVEMENTS IN SHORT-TERM BANKING FUNDS:</td><td></td><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>904,629</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></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,282</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>255,594</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></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>293,215</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></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>1,061,443</td><td>57,159</td><td>105,637</td><td>27,147</td><td>17,457</td><td>126,308</td><td>159,219</td><td>262,405</td><td>755,332</td><td>65,382</td><td>66,996</td><td>127,202</td><td>48,531</td></tr><tr><td>Jan. 3, 1940-Feb. 28, 1940</td><td>20,803</td><td>-76,457</td><td>-182</td><td>460</td><td>2,238</td><td>4,713</td><td>34,329</td><td>78,593</td><td>34,268</td><td>-10,348</td><td>22,115</td><td>-15,166</td><td>-10,066</td></tr><tr><td>Total</td><td>2,993,026</td><td>551,842</td><td>329,734</td><td>158,127</td><td>37,420</td><td>199,130</td><td>399,878</td><td>577,052</td><td>2,253,183</td><td>220,670</td><td>289,814</td><td>179,710</td><td>49,649</td></tr><tr><td>Week ended 1940-Feb. 7</td><td>-7,874</td><td>5,290</td><td>-1,238</td><td>-802</td><td>-87</td><td>4,744</td><td>-486</td><td>488</td><td>-1,579</td><td>-7,226</td><td>-3,495</td><td>4,573</td><td>-147</td></tr><tr><td>Feb. 14</td><td>15,531</td><td>-12,360</td><td>1,611</td><td>1,524</td><td>-828</td><td>1,362</td><td>13,937</td><td>20,929</td><td>26,175</td><td>890</td><td>8,518</td><td>-16,548</td><td>-3,304</td></tr><tr><td>Feb. 21</td><td>-32,112</td><td>-12,279</td><td>-6,955</td><td>-1,062</td><td>-799</td><td>3,443</td><td>2,798</td><td>-12,363</td><td>-27,217</td><td>-3,457</td><td>-2,567</td><td>35</td><td>1,094</td></tr><tr><td>Feb. 28</td><td>22,895</td><td>2,896</td><td>4,354</td><td>53</td><td>718</td><td>1,291</td><td>-1,231</td><td>15,574</td><td>23,655</td><td>7,782</td><td>235</td><td>-2,464</td><td>-6,313</td></tr><tr><td>Total February</td><td>-1,560</td><td>-16,453</td><td>-2,228</td><td>-287</td><td>-996</td><td>1,352</td><td>15,018</td><td>24,628</td><td>21,034</td><td>-2,311</td><td>2,791</td><td>-14,404</td><td>-8,670</td></tr><tr><td>MOVEMENT IN BROKERAGE BALANCES:</td><td></td><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>6,039</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></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>6,811</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></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</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></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>34</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></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>32,331</td><td>6,316</td><td>7,528</td><td>69</td><td>-5</td><td>2,550</td><td>8,948</td><td>-203</td><td>25,203</td><td>5,008</td><td>2,561</td><td>-2,301</td><td>1,860</td></tr><tr><td>Jan. 3, 1940-Feb. 28, 1940</td><td>6,413</td><td>-466</td><td>-1,095</td><td>-71</td><td>30</td><td>-102</td><td>1,287</td><td>769</td><td>352</td><td>1,677</td><td>-763</td><td>5,356</td><td>-209</td></tr><tr><td>Total</td><td>86,315</td><td>19,095</td><td>19,011</td><td>-186</td><td>228</td><td>9,229</td><td>19,066</td><td>5,860</td><td>72,303</td><td>9,272</td><td>850</td><td>2,024</td><td>1,866</td></tr><tr><td>Week ended 1940-Feb. 7</td><td>-600</td><td>-303</td><td>79</td><td>9</td><td>23</td><td>-135</td><td>-234</td><td>-218</td><td>-779</td><td>-116</td><td>-46</td><td>218</td><td>123</td></tr><tr><td>Feb. 14</td><td>-694</td><td>134</td><td>-369</td><td>-31</td><td>4</td><td>-51</td><td>-302</td><td>234</td><td>-381</td><td>-70</td><td>-349</td><td>118</td><td>-12</td></tr><tr><td>Feb. 21</td><td>1,387</td><td>-254</td><td>-233</td><td>23</td><td>28</td><td>75</td><td>1,383</td><td>-17</td><td>1,005</td><td>280</td><td>54</td><td>227</td><td>-173</td></tr><tr><td>Feb. 28</td><td>-1,093</td><td>407</td><td>-51</td><td>-3</td><td>-22</td><td>-32</td><td>-127</td><td>60</td><td>232</td><td>-523</td><td>-489</td><td>-285</td><td>-28</td></tr><tr><td>Total February</td><td>-1,000</td><td>-16</td><td>-574</td><td>-2</td><td>33</td><td>-143</td><td>720</td><td>59</td><td>77</td><td>-429</td><td>-830</td><td>278</td><td>-96</td></tr><tr><td>MOVEMENT IN TRANSACTIONS IN 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></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936</td><td>316,660</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>3,685</td><td>21,371</td><td>2,560</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>600,693</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></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>244,626</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></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>48,895</td><td>23,869</td><td>6,168</td><td>-5,262</td><td>-568</td><td>-900</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></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>-108,257</td><td>-144,530</td><td>85</td><td>-5,532</td><td>500</td><td>14,805</td><td>42,919</td><td>3,843</td><td>-87,910</td><td>-30,423</td><td>6,680</td><td>136</td><td>3,260</td></tr><tr><td>Jan. 3, 1940-Feb. 28, 1940</td><td>-600</td><td>-21,577</td><td>254</td><td>-150</td><td>199</td><td>2,695</td><td>15,039</td><td>2,995</td><td>-545</td><td>-4,835</td><td>1,401</td><td>3,265</td><td>114</td></tr><tr><td>Total</td><td>1,102,017</td><td>306,481</td><td>76,833</td><td>-28,304</td><td>4,729</td><td>230,442</td><td>399,706</td><td>63,441</td><td>1,003,810</td><td>-7,459</td><td>31,516</td><td>59,774</td><td>14,376</td></tr><tr><td>Week ended 1940-Feb. 7</td><td>-787</td><td>-3,565</td><td>190</td><td>-17</td><td>62</td><td>505</td><td>1,744</td><td>260</td><td>-821</td><td>-521</td><td>234</td><td>265</td><td>56</td></tr><tr><td>Feb. 14</td><td>482</td><td>-3,412</td><td>97</td><td>-3</td><td>-73</td><td>298</td><td>2,903</td><td>315</td><td>125</td><td>-131</td><td>449</td><td>39</td><td>-</td></tr><tr><td>Feb. 21</td><td>1,268</td><td>-2,668</td><td>14</td><td>-1</td><td>-21</td><td>304</td><td>3,048</td><td>342</td><td>1,018</td><td>-156</td><td>26</td><td>398</td><td>-18</td></tr><tr><td>Feb. 28</td><td>2,916</td><td>433</td><td>-614</td><td>-2</td><td>-14</td><td>-26</td><td>2,860</td><td>93</td><td>2,730</td><td>-757</td><td>192</td><td>886</td><td>-135</td></tr><tr><td>Total February</td><td>3,879</td><td>-9,212</td><td>-313</td><td>-23</td><td>-46</td><td>1,081</td><td>10,555</td><td>1,010</td><td>3,052</td><td>-1,565</td><td>901</td><td>1,588</td><td>-97</td></tr><tr><td>MOVEMENT IN TRANSACTIONS IN 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></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936</td><td>125,158</td><td>67,157</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></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>191,076</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>41,152</td><td>2,973</td><td>9,133</td><td>2,410</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>267,008</td><td>20,713</td><td>4,623</td><td>4,099</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>3,254</td></tr><tr><td>Dec. 29, 1937-Dec. 28,
ITAL MOVEMENT BETWEEN U.S. AND Cumulative Weekly Since January 2, 1935
41
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 193
42
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for February 1940
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN LIABILITIES:</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><td></td></tr><tr><td>Feb. 7.........</td><td>2,983,602</td><td>405,611</td><td>288,801</td><td>172,918</td><td>26,673</td><td>27,087</td><td>8,415</td><td>43,689</td><td>194,833</td><td>68,718</td><td>153,395</td><td>395,240</td><td>122,086</td><td>1,907,466</td><td>261,625</td></tr><tr><td>Feb. 14.........</td><td>3,006,969</td><td>393,905</td><td>291,165</td><td>174,979</td><td>27,843</td><td>25,105</td><td>8,372</td><td>42,682</td><td>196,674</td><td>68,472</td><td>165,468</td><td>408,759</td><td>131,295</td><td>1,934,719</td><td>261,579</td></tr><tr><td>Feb. 21.........</td><td>2,969,342</td><td>374,764</td><td>284,934</td><td>173,644</td><td>27,791</td><td>21,945</td><td>8,517</td><td>43,040</td><td>200,008</td><td>69,829</td><td>153,801</td><td>411,916</td><td>131,707</td><td>1,901,797</td><td>259,976</td></tr><tr><td>Feb. 28.........</td><td>2,991,556</td><td>376,587</td><td>288,480</td><td>176,555</td><td>27,205</td><td>23,666</td><td>8,404</td><td>44,496</td><td>200,132</td><td>69,389</td><td>161,946</td><td>410,973</td><td>134,724</td><td>1,922,557</td><td>268,680</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN DOLLARS:</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><td></td></tr><tr><td>Feb. 7.........</td><td>2,931,597</td><td>367,390</td><td>287,006</td><td>172,107</td><td>26,651</td><td>27,080</td><td>8,284</td><td>43,318</td><td>193,066</td><td>68,385</td><td>153,168</td><td>394,642</td><td>121,685</td><td>1,862,782</td><td>260,161</td></tr><tr><td>Feb. 14.........</td><td>2,952,323</td><td>358,172</td><td>289,426</td><td>173,913</td><td>27,819</td><td>25,094</td><td>8,239</td><td>42,309</td><td>195,103</td><td>68,135</td><td>165,238</td><td>408,181</td><td>130,981</td><td>1,892,610</td><td>260,453</td></tr><tr><td>Feb. 21.........</td><td>2,913,388</td><td>337,448</td><td>283,293</td><td>172,787</td><td>27,772</td><td>21,835</td><td>8,384</td><td>42,672</td><td>198,332</td><td>69,438</td><td>153,572</td><td>411,286</td><td>131,290</td><td>1,858,110</td><td>258,764</td></tr><tr><td>Feb. 28.........</td><td>2,931,378</td><td>336,603</td><td>286,598</td><td>175,377</td><td>27,181</td><td>23,655</td><td>8,279</td><td>44,125</td><td>196,937</td><td>68,999</td><td>161,629</td><td>410,395</td><td>134,312</td><td>1,874,090</td><td>267,619</td></tr><tr><td><b>Deposits for foreign accounts:</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><td></td></tr><tr><td>Feb. 7.........</td><td>2,793,232</td><td>359,871</td><td>282,535</td><td>169,333</td><td>26,402</td><td>27,064</td><td>8,157</td><td>42,525</td><td>187,312</td><td>67,978</td><td>146,117</td><td>382,279</td><td>120,123</td><td>1,819,696</td><td>258,425</td></tr><tr><td>Feb. 14.........</td><td>2,816,956</td><td>349,478</td><td>285,406</td><td>171,260</td><td>27,736</td><td>25,075</td><td>8,092</td><td>41,559</td><td>188,305</td><td>67,617</td><td>158,420</td><td>396,572</td><td>129,506</td><td>1,849,026</td><td>257,860</td></tr><tr><td>Feb. 21.........</td><td>2,778,374</td><td>330,258</td><td>279,390</td><td>169,904</td><td>27,697</td><td>21,818</td><td>8,267</td><td>41,889</td><td>191,478</td><td>68,958</td><td>146,838</td><td>397,967</td><td>129,582</td><td>1,814,146</td><td>256,517</td></tr><tr><td>Feb. 28.........</td><td>2,800,656</td><td>328,812</td><td>282,544</td><td>172,818</td><td>27,118</td><td>23,607</td><td>8,114</td><td>43,449</td><td>189,617</td><td>68,408</td><td>155,429</td><td>398,532</td><td>132,853</td><td>1,831,311</td><td>265,201</td></tr><tr><td><b>Bills held for foreign accounts:</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><td></td></tr><tr><td>Feb. 7.........</td><td>101,642</td><td>5,754</td><td>1,383</td><td>2,706</td><td>61</td><td>5</td><td>73</td><td>446</td><td>4,831</td><td>188</td><td>6,647</td><td>11,020</td><td>629</td><td>33,743</td><td>1,472</td></tr><tr><td>Feb. 14.........</td><td>97,549</td><td>6,805</td><td>961</td><td>2,618</td><td>66</td><td>8</td><td>73</td><td>417</td><td>5,839</td><td>171</td><td>6,287</td><td>10,269</td><td>679</td><td>34,193</td><td>1,751</td></tr><tr><td>Feb. 21.........</td><td>94,967</td><td>6,360</td><td>856</td><td>2,618</td><td>57</td><td>7</td><td>78</td><td>468</td><td>5,931</td><td>297</td><td>6,412</td><td>11,305</td><td>643</td><td>35,042</td><td>1,485</td></tr><tr><td>Feb. 28.........</td><td>93,463</td><td>6,230</td><td>902</td><td>2,494</td><td>51</td><td>37</td><td>80</td><td>413</td><td>6,394</td><td>419</td><td>5,736</td><td>10,039</td><td>894</td><td>33,689</td><td>1,547</td></tr><tr><td><b>Short-term United States Government obligations held for foreign accounts:</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><td></td></tr><tr><td>Feb. 7.........</td><td>22,053</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>500</td><td>-</td><td>-</td><td>-</td><td>250</td><td>800</td><td>-</td></tr><tr><td>Feb. 14.........</td><td>22,064</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>500</td><td>-</td><td>-</td><td>-</td><td>250</td><td>800</td><td>-</td></tr><tr><td>Feb. 21.........</td><td>22,022</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500</td><td>-</td><td>-</td><td>-</td><td>250</td><td>760</td><td>-</td></tr><tr><td>Feb. 28.........</td><td>21,727</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>510</td><td>-</td></tr><tr><td><b>Other liabilities payable in dollars:</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><td></td></tr><tr><td>Feb. 7.........</td><td>14,660</td><td>1,755</td><td>3,088</td><td>68</td><td>188</td><td>11</td><td>54</td><td>307</td><td>423</td><td>219</td><td>404</td><td>1,343</td><td>683</td><td>8,543</td><td>264</td></tr><tr><td>Feb. 14.........</td><td>15,754</td><td>1,879</td><td>3,059</td><td>35</td><td>17</td><td>11</td><td>74</td><td>293</td><td>459</td><td>347</td><td>531</td><td>1,340</td><td>546</td><td>8,591</td><td>842</td></tr><tr><td>Feb. 21.........</td><td>18,025</td><td>820</td><td>3,037</td><td>265</td><td>18</td><td>11</td><td>79</td><td>315</td><td>423</td><td>183</td><td>322</td><td>2,014</td><td>715</td><td>8,162</td><td>762</td></tr><tr><td>Feb. 28.........</td><td>15,532</td><td>1,551</td><td>3,152</td><td>65</td><td>12</td><td>11</td><td>85</td><td>263</td><td>426</td><td>172</td><td>404</td><td>1,824</td><td>555</td><td>8,580</td><td>871</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</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><td></td></tr><tr><td>Feb. 7.........</td><td>58,005</td><td>38,221</td><td>1,795</td><td>811</td><td>22</td><td>7</td><td>131</td><td>371</td><td>1,767</td><td>333</td><td>227</td><td>598</td><td>401</td><td>14,684</td><td>1,404</td></tr><tr><td>Feb. 14.........</td><td>54,046</td><td>35,733</td><td>1,739</td><td>1,066</td><td>24</td><td>11</td><td>133</td><td>373</td><td>1,571</td><td>337</td><td>230</td><td>578</td><td>314</td><td>14,109</td><td>1,126</td></tr><tr><td>Feb. 21.........</td><td>55,954</td><td>37,316</td><td>1,641</td><td>857</td><td>19</td><td>10</td><td>133</td><td>368</td><td>1,676</td><td>391</td><td>229</td><td>630</td><td>417</td><td>13,587</td><td>1,212</td></tr><tr><td>Feb. 28.........</td><td>60,178</td><td>39,984</td><td>1,832</td><td>1,178</td><td>24</td><td>11</td><td>125</td><td>371</td><td>3,195</td><td>390</td><td>317</td><td>578</td><td>412</td><td>14,467</td><td>1,061</td></tr><tr><td><b>Borrowings from foreign banks:</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><td></td></tr><tr><td>Feb. 7.........</td><td>16,068</td><td>4,301</td><td>244</td><td>557</td><td>18</td><td>7</td><td>129</td><td>295</td><td>466</td><td>109</td><td>166</td><td>242</td><td>370</td><td>6,904</td><td>884</td></tr><tr><td>Feb. 14.........</td><td>14,963</td><td>3,748</td><td>172</td><td>787</td><td>19</td><td>11</td><td>131</td><td>300</td><td>200</td><td>132</td><td>175</td><td>264</td><td>284</td><td>6,223</td><td>584</td></tr><tr><td>Feb. 21.........</td><td>14,814</td><td>4,000</td><td>179</td><td>606</td><td>16</td><td>10</td><td>133</td><td>288</td><td>240</td><td>144</td><td>175</td><td>307</td><td>381</td><td>6,479</td><td>621</td></tr><tr><td>Feb. 28.........</td><td>14,829</td><td>3,691</td><td>191</td><td>754</td><td>20</td><td>11</td><td>124</td><td>309</td><td>772</td><td>145</td><td>243</td><td>283</td><td>378</td><td>6,921</td><td>371</td></tr><tr><td><b>Acceptances made by foreign banks:</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><td></td></tr><tr><td>Feb. 7.........</td><td>32,249</td><td>29,032</td><td>1,439</td><td>110</td><td>-</td><td>-</td><td>-</td><td>34</td><td>979</td><td>167</td><td>-</td><td>88</td><td>3</td><td>31,852</td><td>310</td></tr><tr><td>Feb. 14.........</td><td>29,936</td><td>26,706</td><td>1,436</td><td>98</td><td>-</td><td>-</td><td>-</td><td>34</td><td>1,007</td><td>165</td><td>-</td><td>95</td><td>3</td><td>29,544</td><td>306</td></tr><tr><td>Feb. 21.........</td><td>31,379</td><td>28,050</td><td>1,345</td><td>90</td><td>-</td><td>-</td><td>-</td><td>41</td><td>1,149</td><td>196</td><td>-</td><td>84</td><td>3</td><td>30,938</td><td>355</td></tr><tr><td>Feb. 28.........</td><td>35,194</td><td>30,546</td><td>1,489</td><td>82</td><td>-</td><td>-</td><td>-</td><td>24</td><td>2,270</td><td>208</td><td>8</td><td>73</td><td>-</td><td>34,700</td><td>421</td></tr><tr><td><b>Other liabilities payable in foreign currencies:</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><td></td></tr><tr><td>Feb. 7.........</td><td>9,688</td><td>4,888</td><td>112</td><td>144</td><td>4</td><td>-</td><td>2</td><td>42</td><td>322</td><td>57</td><td>61</td><td>268</td><td>28</td><td>5,928</td><td>270</td></tr><tr><td>Feb. 14.........</td><td>9,747</td><td>5,279</td><td>131</td><td>181</td><td>5</td><td>-</td><td>2</td><td>39</td><td>364</td><td>40</td><td>55</td><td>219</td><td>27</td><td>6,342</td><td>236</td></tr><tr><td>Feb. 21.........</td><td>9,761</td><td>5,266</td><td>117</td><td>161</td><td>3</td><td>-</td><td>-</td><td>39</td><td>287</td><td>51</td><td>54</td><td>259</td><td>33</td><td>6,270</td><td>235</td></tr><tr><td>Feb. 28.........</td><td>10,155</td><td>5,747</td><td>202</td><td>342</td><td>4</td><td>-</td><td>1</td><td>38</td><td>153</td><td>37</td><td>66</td><td>222</td><td>34</td><td>6,846</td><td>269</td></tr></table>
(Continued on following page)
43
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for February 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All others</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><td></td></tr><tr><td>Feb. 7</td><td>65,373</td><td>31,937</td><td>26,095</td><td>38,425</td><td>61,020</td><td>37,206</td><td>90,463</td><td>350,529</td><td>174,231</td><td>72,475</td><td>55,351</td><td>36,014</td><td>60,741</td><td>398,812</td><td>71,180</td></tr><tr><td>Feb. 14</td><td>66,675</td><td>29,518</td><td>26,696</td><td>38,428</td><td>67,639</td><td>35,946</td><td>91,665</td><td>356,567</td><td>174,646</td><td>69,979</td><td>53,923</td><td>32,859</td><td>54,581</td><td>385,988</td><td>68,116</td></tr><tr><td>Feb. 21</td><td>66,038</td><td>30,788</td><td>25,674</td><td>38,413</td><td>65,769</td><td>36,477</td><td>92,007</td><td>355,166</td><td>173,160</td><td>70,038</td><td>52,839</td><td>31,434</td><td>56,209</td><td>383,680</td><td>68,723</td></tr><tr><td>Feb. 28</td><td>68,736</td><td>30,045</td><td>24,715</td><td>38,338</td><td>65,189</td><td>36,707</td><td>90,823</td><td>354,553</td><td>176,250</td><td>68,531</td><td>50,817</td><td>29,658</td><td>58,154</td><td>383,410</td><td>62,356</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><td></td></tr><tr><td>Feb. 7</td><td>65,364</td><td>31,914</td><td>26,095</td><td>38,425</td><td>60,847</td><td>37,206</td><td>90,271</td><td>350,122</td><td>173,594</td><td>69,024</td><td>49,675</td><td>36,011</td><td>59,403</td><td>387,707</td><td>70,825</td></tr><tr><td>Feb. 14</td><td>66,637</td><td>29,499</td><td>26,636</td><td>38,428</td><td>67,512</td><td>35,946</td><td>91,548</td><td>356,266</td><td>174,014</td><td>66,316</td><td>48,558</td><td>32,856</td><td>53,388</td><td>375,132</td><td>67,862</td></tr><tr><td>Feb. 21</td><td>66,008</td><td>30,767</td><td>25,672</td><td>38,405</td><td>65,647</td><td>36,477</td><td>91,933</td><td>354,909</td><td>172,625</td><td>66,422</td><td>47,351</td><td>31,431</td><td>55,257</td><td>373,085</td><td>68,519</td></tr><tr><td>Feb. 28</td><td>68,712</td><td>30,025</td><td>24,713</td><td>38,328</td><td>65,066</td><td>36,707</td><td>90,723</td><td>354,274</td><td>175,838</td><td>65,057</td><td>45,719</td><td>29,652</td><td>57,013</td><td>373,279</td><td>62,116</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><td></td></tr><tr><td>Feb. 7</td><td>63,670</td><td>23,965</td><td>25,550</td><td>36,870</td><td>60,418</td><td>37,178</td><td>85,865</td><td>333,516</td><td>152,638</td><td>60,282</td><td>16,872</td><td>26,958</td><td>55,054</td><td>311,804</td><td>69,791</td></tr><tr><td>Feb. 14</td><td>64,713</td><td>23,406</td><td>26,039</td><td>36,984</td><td>66,529</td><td>35,913</td><td>86,911</td><td>340,495</td><td>153,170</td><td>57,486</td><td>17,062</td><td>25,353</td><td>49,489</td><td>302,560</td><td>67,015</td></tr><tr><td>Feb. 21</td><td>64,246</td><td>23,534</td><td>25,007</td><td>37,426</td><td>65,299</td><td>36,450</td><td>84,737</td><td>336,659</td><td>151,955</td><td>57,495</td><td>18,202</td><td>24,210</td><td>51,404</td><td>303,266</td><td>67,786</td></tr><tr><td>Feb. 28</td><td>67,014</td><td>23,774</td><td>24,006</td><td>37,093</td><td>64,772</td><td>36,660</td><td>86,421</td><td>339,740</td><td>155,525</td><td>55,783</td><td>16,838</td><td>21,866</td><td>52,903</td><td>302,915</td><td>61,489</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><td></td></tr><tr><td>Feb. 7</td><td>1,052</td><td>7,521</td><td>545</td><td>1,555</td><td>290</td><td>27</td><td>3,859</td><td>14,849</td><td>6,632</td><td>1,149</td><td>31,811</td><td>7,955</td><td>3,040</td><td>50,587</td><td>991</td></tr><tr><td>Feb. 14</td><td>976</td><td>5,661</td><td>644</td><td>1,399</td><td>842</td><td>31</td><td>4,064</td><td>13,617</td><td>6,521</td><td>1,223</td><td>30,506</td><td>6,398</td><td>2,548</td><td>47,186</td><td>802</td></tr><tr><td>Feb. 21</td><td>1,119</td><td>6,805</td><td>652</td><td>938</td><td>248</td><td>27</td><td>3,620</td><td>13,409</td><td>6,345</td><td>1,293</td><td>28,122</td><td>6,023</td><td>2,557</td><td>44,340</td><td>691</td></tr><tr><td>Feb. 28</td><td>1,055</td><td>5,822</td><td>694</td><td>1,194</td><td>154</td><td>47</td><td>3,742</td><td>12,708</td><td>5,938</td><td>1,594</td><td>27,925</td><td>6,611</td><td>2,819</td><td>44,937</td><td>582</td></tr><tr><td>Short-term United States Government obligations 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><td></td></tr><tr><td>Feb. 7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,100</td><td>7,100</td><td>63</td><td>-</td><td>-</td><td>21,263</td><td>-</td></tr><tr><td>Feb. 14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,100</td><td>7,100</td><td>64</td><td>-</td><td>-</td><td>21,264</td><td>-</td></tr><tr><td>Feb. 21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,100</td><td>7,100</td><td>62</td><td>-</td><td>-</td><td>21,262</td><td>-</td></tr><tr><td>Feb. 28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,100</td><td>7,100</td><td>17</td><td>-</td><td>-</td><td>21,217</td><td>-</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><td></td></tr><tr><td>Feb. 7</td><td>642</td><td>428</td><td>-</td><td>-</td><td>139</td><td>1</td><td>547</td><td>1,757</td><td>224</td><td>493</td><td>929</td><td>1,098</td><td>1,309</td><td>4,053</td><td>43</td></tr><tr><td>Feb. 14</td><td>948</td><td>432</td><td>13</td><td>45</td><td>141</td><td>2</td><td>573</td><td>2,154</td><td>223</td><td>517</td><td>926</td><td>1,105</td><td>1,351</td><td>4,122</td><td>45</td></tr><tr><td>Feb. 21</td><td>643</td><td>428</td><td>13</td><td>41</td><td>140</td><td>-</td><td>3,576</td><td>4,841</td><td>225</td><td>534</td><td>965</td><td>1,198</td><td>1,296</td><td>4,218</td><td>42</td></tr><tr><td>Feb. 28</td><td>643</td><td>429</td><td>13</td><td>41</td><td>140</td><td>-</td><td>560</td><td>1,826</td><td>225</td><td>580</td><td>939</td><td>1,175</td><td>1,291</td><td>4,210</td><td>45</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><td></td></tr><tr><td>Feb. 7</td><td>9</td><td>23</td><td>-</td><td>-</td><td>173</td><td>-</td><td>192</td><td>397</td><td>637</td><td>3,451</td><td>5,676</td><td>3</td><td>1,338</td><td>11,105</td><td>355</td></tr><tr><td>Feb. 14</td><td>38</td><td>19</td><td>-</td><td>-</td><td>127</td><td>-</td><td>117</td><td>301</td><td>632</td><td>3,653</td><td>5,365</td><td>3</td><td>1,193</td><td>10,856</td><td>254</td></tr><tr><td>Feb. 21</td><td>30</td><td>21</td><td>2</td><td>8</td><td>122</td><td>-</td><td>74</td><td>257</td><td>535</td><td>3,616</td><td>5,488</td><td>3</td><td>952</td><td>10,594</td><td>204</td></tr><tr><td>Feb. 28</td><td>24</td><td>20</td><td>2</td><td>10</td><td>123</td><td>-</td><td>100</td><td>279</td><td>412</td><td>3,474</td><td>5,098</td><td>6</td><td>1,141</td><td>10,131</td><td>240</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><td></td></tr><tr><td>Feb. 7</td><td>7</td><td>23</td><td>-</td><td>-</td><td>36</td><td>-</td><td>187</td><td>253</td><td>607</td><td>3,209</td><td>3,258</td><td>3</td><td>908</td><td>7,985</td><td>42</td></tr><tr><td>Feb. 14</td><td>33</td><td>19</td><td>-</td><td>-</td><td>34</td><td>-</td><td>107</td><td>193</td><td>613</td><td>3,396</td><td>3,060</td><td>3</td><td>852</td><td>7,924</td><td>39</td></tr><tr><td>Feb. 21</td><td>19</td><td>13</td><td>-</td><td>-</td><td>30</td><td>-</td><td>59</td><td>121</td><td>519</td><td>3,278</td><td>3,143</td><td>2</td><td>623</td><td>7,565</td><td>28</td></tr><tr><td>Feb. 28</td><td>12</td><td>12</td><td>-</td><td>-</td><td>36</td><td>-</td><td>76</td><td>136</td><td>396</td><td>3,074</td><td>3,050</td><td>5</td><td>849</td><td>7,374</td><td>27</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><td></td></tr><tr><td>Feb. 7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>70</td><td>-</td><td>1</td><td>71</td><td>16</td></tr><tr><td>Feb. 14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72</td><td>-</td><td>1</td><td>73</td><td>13</td></tr><tr><td>Feb. 21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>75</td><td>10</td></tr><tr><td>Feb. 28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>55</td><td>-</td><td>8</td><td>63</td><td>10</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><td></td></tr><tr><td>Feb. 7</td><td>2</td><td>-</td><td>-</td><td>-</td><td>137</td><td>-</td><td>5</td><td>144</td><td>30</td><td>242</td><td>2,348</td><td>-</td><td>429</td><td>3,049</td><td>237</td></tr><tr><td>Feb. 14</td><td>5</td><td>-</td><td>-</td><td>-</td><td>93</td><td>-</td><td>10</td><td>108</td><td>19</td><td>267</td><td>2,233</td><td>-</td><td>340</td><td>2,859</td><td>202</td></tr><tr><td>Feb. 21</td><td>11</td><td>8</td><td>2</td><td>8</td><td>92</td><td>-</td><td>15</td><td>136</td><td>16</td><td>338</td><td>2,270</td><td>1</td><td>329</td><td>2,954</td><td>166</td></tr><tr><td>Feb. 28</td><td>12</td><td>8</td><td>2</td><td>10</td><td>87</td><td>-</td><td>24</td><td>143</td><td>16</td><td>400</td><td>1,993</td><td>1</td><td>284</td><td>2,694</td><td>203</td></tr></table>
44
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for February 1940
(in thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN ASSETS:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>535,780</td><td>52,029</td><td>4,713</td><td>7,513</td><td>3,581</td><td>1,229</td><td>52,345</td><td>13,795</td><td>6,471</td><td>3,837</td><td>6,212</td><td>5,271</td><td>28,469</td><td>185,465</td><td>42,010</td></tr><tr><td>Feb. 14</td><td>537,616</td><td>52,683</td><td>5,466</td><td>8,449</td><td>3,579</td><td>1,083</td><td>50,778</td><td>13,616</td><td>6,950</td><td>3,955</td><td>5,922</td><td>4,853</td><td>29,209</td><td>186,543</td><td>41,374</td></tr><tr><td>Feb. 21</td><td>532,101</td><td>45,821</td><td>6,190</td><td>7,705</td><td>2,836</td><td>958</td><td>51,985</td><td>14,773</td><td>6,841</td><td>3,981</td><td>5,435</td><td>5,212</td><td>29,101</td><td>180,838</td><td>43,228</td></tr><tr><td>Feb. 28</td><td>531,420</td><td>44,748</td><td>5,382</td><td>7,390</td><td>2,893</td><td>823</td><td>51,819</td><td>15,511</td><td>5,674</td><td>3,952</td><td>5,376</td><td>5,500</td><td>28,875</td><td>177,943</td><td>44,150</td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>77,277</td><td>34,664</td><td>634</td><td>288</td><td>32</td><td>38</td><td>330</td><td>716</td><td>1,479</td><td>326</td><td>700</td><td>754</td><td>1,695</td><td>41,556</td><td>9,216</td></tr><tr><td>Feb. 14</td><td>76,281</td><td>34,710</td><td>997</td><td>204</td><td>34</td><td>31</td><td>346</td><td>702</td><td>1,579</td><td>358</td><td>730</td><td>357</td><td>1,629</td><td>41,687</td><td>8,332</td></tr><tr><td>Feb. 21</td><td>70,406</td><td>28,353</td><td>1,394</td><td>156</td><td>33</td><td>22</td><td>467</td><td>684</td><td>1,911</td><td>355</td><td>737</td><td>326</td><td>1,527</td><td>36,175</td><td>8,308</td></tr><tr><td>Feb. 28</td><td>67,336</td><td>27,540</td><td>730</td><td>166</td><td>37</td><td>18</td><td>459</td><td>688</td><td>1,081</td><td>282</td><td>746</td><td>651</td><td>1,560</td><td>33,958</td><td>7,303</td></tr><tr><td><b>Banks own deposits abroad:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>31,013</td><td>19,470</td><td>301</td><td>263</td><td>15</td><td>1</td><td>46</td><td>75</td><td>1,082</td><td>90</td><td>186</td><td>630</td><td>323</td><td>22,482</td><td>6,756</td></tr><tr><td>Feb. 14</td><td>30,784</td><td>20,287</td><td>519</td><td>178</td><td>18</td><td>1</td><td>43</td><td>67</td><td>1,174</td><td>128</td><td>148</td><td>248</td><td>245</td><td>23,056</td><td>6,042</td></tr><tr><td>Feb. 21</td><td>26,042</td><td>15,677</td><td>882</td><td>151</td><td>18</td><td>-</td><td>79</td><td>62</td><td>1,524</td><td>126</td><td>139</td><td>410</td><td>140</td><td>19,188</td><td>5,976</td></tr><tr><td>Feb. 28</td><td>22,254</td><td>13,310</td><td>263</td><td>127</td><td>21</td><td>-</td><td>65</td><td>54</td><td>661</td><td>113</td><td>126</td><td>530</td><td>182</td><td>15,452</td><td>4,998</td></tr><tr><td><b>Deposit abroad for account of domestic clients:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>28,815</td><td>4,845</td><td>166</td><td>21</td><td>-</td><td>19</td><td>253</td><td>557</td><td>76</td><td>-</td><td>1</td><td>11</td><td>521</td><td>6,470</td><td>1,537</td></tr><tr><td>Feb. 14</td><td>27,896</td><td>4,958</td><td>298</td><td>16</td><td>-</td><td>15</td><td>271</td><td>551</td><td>82</td><td>-</td><td>16</td><td>10</td><td>535</td><td>5,852</td><td>1,375</td></tr><tr><td>Feb. 21</td><td>27,929</td><td>3,686</td><td>337</td><td>23</td><td>-</td><td>8</td><td>356</td><td>541</td><td>59</td><td>-</td><td>15</td><td>10</td><td>541</td><td>5,576</td><td>1,425</td></tr><tr><td>Feb. 28</td><td>28,520</td><td>4,723</td><td>300</td><td>26</td><td>-</td><td>1</td><td>362</td><td>540</td><td>59</td><td>-</td><td>14</td><td>19</td><td>542</td><td>6,586</td><td>1,320</td></tr><tr><td><b>Other assets payable in foreign currencies:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>17,449</td><td>10,349</td><td>167</td><td>4</td><td>17</td><td>18</td><td>31</td><td>84</td><td>321</td><td>236</td><td>513</td><td>113</td><td>851</td><td>12,704</td><td>923</td></tr><tr><td>Feb. 14</td><td>17,601</td><td>10,365</td><td>180</td><td>10</td><td>16</td><td>15</td><td>32</td><td>84</td><td>323</td><td>230</td><td>566</td><td>109</td><td>849</td><td>12,779</td><td>915</td></tr><tr><td>Feb. 21</td><td>15,835</td><td>8,990</td><td>175</td><td>12</td><td>15</td><td>14</td><td>32</td><td>81</td><td>328</td><td>229</td><td>583</td><td>106</td><td>846</td><td>11,411</td><td>907</td></tr><tr><td>Feb. 28</td><td>16,562</td><td>9,507</td><td>167</td><td>13</td><td>16</td><td>17</td><td>32</td><td>94</td><td>361</td><td>169</td><td>606</td><td>102</td><td>836</td><td>11,920</td><td>985</td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN DOLLARS:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>458,503</td><td>17,365</td><td>4,079</td><td>7,225</td><td>3,549</td><td>1,191</td><td>52,015</td><td>13,079</td><td>4,992</td><td>3,511</td><td>5,512</td><td>4,517</td><td>26,774</td><td>143,809</td><td>32,794</td></tr><tr><td>Feb. 14</td><td>461,335</td><td>17,973</td><td>4,469</td><td>8,245</td><td>3,545</td><td>1,052</td><td>50,432</td><td>12,914</td><td>5,371</td><td>3,597</td><td>5,192</td><td>4,486</td><td>27,580</td><td>144,856</td><td>33,042</td></tr><tr><td>Feb. 21</td><td>461,695</td><td>17,468</td><td>4,796</td><td>7,539</td><td>2,803</td><td>936</td><td>51,518</td><td>14,089</td><td>4,930</td><td>3,626</td><td>4,698</td><td>4,686</td><td>27,574</td><td>144,663</td><td>34,920</td></tr><tr><td>Feb. 28</td><td>464,084</td><td>17,208</td><td>4,652</td><td>7,224</td><td>2,856</td><td>805</td><td>51,360</td><td>14,823</td><td>4,593</td><td>3,670</td><td>4,630</td><td>4,849</td><td>27,315</td><td>143,985</td><td>36,847</td></tr><tr><td><b>Loans to foreign banks:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>183,936</td><td>7,026</td><td>737</td><td>1,219</td><td>1</td><td>-</td><td>24,044</td><td>1,461</td><td>518</td><td>273</td><td>201</td><td>184</td><td>8,841</td><td>44,505</td><td>9,099</td></tr><tr><td>Feb. 14</td><td>184,546</td><td>7,868</td><td>656</td><td>2,168</td><td>1</td><td>-</td><td>22,681</td><td>1,001</td><td>540</td><td>290</td><td>187</td><td>285</td><td>9,064</td><td>44,741</td><td>8,363</td></tr><tr><td>Feb. 21</td><td>186,417</td><td>8,035</td><td>970</td><td>1,204</td><td>1</td><td>-</td><td>22,854</td><td>1,331</td><td>442</td><td>305</td><td>133</td><td>257</td><td>8,819</td><td>44,351</td><td>10,861</td></tr><tr><td>Feb. 28</td><td>192,372</td><td>7,441</td><td>803</td><td>1,198</td><td>1</td><td>-</td><td>22,140</td><td>1,459</td><td>405</td><td>303</td><td>249</td><td>269</td><td>8,483</td><td>42,751</td><td>11,811</td></tr><tr><td><b>Acceptances made for foreign banks:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>83,381</td><td>3,426</td><td>828</td><td>3,876</td><td>3,094</td><td>29</td><td>13,776</td><td>8,150</td><td>1,601</td><td>1,701</td><td>3,140</td><td>3,293</td><td>692</td><td>43,606</td><td>5,865</td></tr><tr><td>Feb. 14</td><td>81,668</td><td>2,282</td><td>1,268</td><td>4,149</td><td>3,082</td><td>15</td><td>14,555</td><td>8,536</td><td>1,556</td><td>1,762</td><td>2,761</td><td>3,161</td><td>783</td><td>43,910</td><td>6,308</td></tr><tr><td>Feb. 21</td><td>83,863</td><td>2,244</td><td>1,204</td><td>4,580</td><td>2,354</td><td>68</td><td>13,959</td><td>9,500</td><td>1,508</td><td>1,933</td><td>2,790</td><td>3,180</td><td>772</td><td>44,092</td><td>6,685</td></tr><tr><td>Feb. 28</td><td>83,663</td><td>2,569</td><td>1,233</td><td>4,400</td><td>2,395</td><td>71</td><td>13,842</td><td>10,139</td><td>1,327</td><td>1,999</td><td>2,489</td><td>3,263</td><td>538</td><td>44,265</td><td>6,632</td></tr><tr><td><b>Other assets payable in dollars:</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><td></td><td></td></tr><tr><td>Feb. 7</td><td>191,186</td><td>6,913</td><td>2,514</td><td>2,130</td><td>454</td><td>1,162</td><td>14,195</td><td>3,468</td><td>2,873</td><td>1,537</td><td>2,171</td><td>1,040</td><td>17,241</td><td>55,698</td><td>17,830</td></tr><tr><td>Feb. 14</td><td>195,121</td><td>7,823</td><td>2,545</td><td>1,928</td><td>462</td><td>1,037</td><td>13,196</td><td>3,377</td><td>3,275</td><td>1,545</td><td>2,244</td><td>1,040</td><td>17,733</td><td>56,205</td><td>18,371</td></tr><tr><td>Feb. 21</td><td>191,415</td><td>7,189</td><td>2,622</td><td>1,755</td><td>448</td><td>868</td><td>14,705</td><td>3,258</td><td>2,980</td><td>1,388</td><td>1,775</td><td>1,249</td><td>17,983</td><td>56,220</td><td>17,374</td></tr><tr><td>Feb. 28</td><td>188,049</td><td>7,198</td><td>2,616</td><td>1,626</td><td>460</td><td>734</td><td>15,378</td><td>3,225</td><td>2,861</td><td>1,368</td><td>1,892</td><td>1,317</td><td>18,294</td><td>56,969</td><td>18,404</td></tr></table>
(Continued on following page)
45
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for February 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippines Islands</th><th>Other Asia</th><th>Total Asia</th><th>All others</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><td></td></tr><tr><td>Feb. 7</td><td>12,711</td><td>34,218</td><td>9,695</td><td>10,206</td><td>4,721</td><td>951</td><td>39,531</td><td>112,033</td><td>24,696</td><td>1,641</td><td>113,156</td><td>25,844</td><td>21,402</td><td>186,739</td><td>9,533</td></tr><tr><td>Feb. 14</td><td>12,147</td><td>31,568</td><td>9,534</td><td>11,206</td><td>4,675</td><td>887</td><td>39,446</td><td>109,463</td><td>25,065</td><td>1,760</td><td>114,431</td><td>27,238</td><td>21,969</td><td>190,463</td><td>9,773</td></tr><tr><td>Feb. 21</td><td>11,622</td><td>32,210</td><td>9,553</td><td>11,582</td><td>4,546</td><td>896</td><td>40,220</td><td>110,629</td><td>25,355</td><td>2,584</td><td>114,489</td><td>24,904</td><td>20,788</td><td>188,120</td><td>9,286</td></tr><tr><td>Feb. 28</td><td>12,033</td><td>31,765</td><td>9,733</td><td>11,124</td><td>4,363</td><td>891</td><td>39,872</td><td>109,781</td><td>25,379</td><td>3,196</td><td>111,242</td><td>28,178</td><td>22,319</td><td>190,314</td><td>9,232</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><td></td></tr><tr><td>Feb. 7</td><td>1,315</td><td>120</td><td>5</td><td>73</td><td>260</td><td>39</td><td>343</td><td>2,155</td><td>19,337</td><td>1,068</td><td>1,421</td><td>166</td><td>1,373</td><td>23,365</td><td>855</td></tr><tr><td>Feb. 14</td><td>1,242</td><td>121</td><td>9</td><td>71</td><td>263</td><td>38</td><td>347</td><td>2,091</td><td>19,293</td><td>913</td><td>1,297</td><td>164</td><td>1,346</td><td>23,013</td><td>1,158</td></tr><tr><td>Feb. 21</td><td>1,159</td><td>142</td><td>6</td><td>69</td><td>218</td><td>54</td><td>693</td><td>2,341</td><td>19,203</td><td>935</td><td>1,242</td><td>170</td><td>1,230</td><td>22,780</td><td>802</td></tr><tr><td>Feb. 28</td><td>1,166</td><td>132</td><td>6</td><td>72</td><td>243</td><td>94</td><td>322</td><td>2,035</td><td>19,254</td><td>1,019</td><td>1,100</td><td>157</td><td>1,484</td><td>23,014</td><td>1,026</td></tr><tr><td>Banks 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><td></td></tr><tr><td>Feb. 7</td><td>175</td><td>3</td><td>1</td><td>45</td><td>85</td><td>15</td><td>9</td><td>333</td><td>124</td><td>566</td><td>135</td><td>161</td><td>432</td><td>1,418</td><td>24</td></tr><tr><td>Feb. 14</td><td>100</td><td>-</td><td>6</td><td>43</td><td>91</td><td>15</td><td>5</td><td>260</td><td>112</td><td>489</td><td>165</td><td>154</td><td>482</td><td>1,402</td><td>24</td></tr><tr><td>Feb. 21</td><td>45</td><td>3</td><td>1</td><td>40</td><td>35</td><td>15</td><td>46</td><td>185</td><td>25</td><td>511</td><td>168</td><td>164</td><td>404</td><td>1,272</td><td>21</td></tr><tr><td>Feb. 28</td><td>45</td><td>3</td><td>1</td><td>42</td><td>64</td><td>15</td><td>2</td><td>172</td><td>41</td><td>600</td><td>125</td><td>151</td><td>698</td><td>1,615</td><td>17</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><td></td></tr><tr><td>Feb. 7</td><td>507</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>89</td><td>614</td><td>19,196</td><td>462</td><td>17</td><td>-</td><td>308</td><td>19,983</td><td>211</td></tr><tr><td>Feb. 14</td><td>508</td><td>21</td><td>2</td><td>-</td><td>-</td><td>-</td><td>97</td><td>628</td><td>19,164</td><td>385</td><td>16</td><td>6</td><td>248</td><td>19,819</td><td>222</td></tr><tr><td>Feb. 21</td><td>510</td><td>34</td><td>2</td><td>-</td><td>-</td><td>-</td><td>374</td><td>920</td><td>19,161</td><td>387</td><td>18</td><td>-</td><td>249</td><td>19,815</td><td>193</td></tr><tr><td>Feb. 28</td><td>517</td><td>26</td><td>2</td><td>-</td><td>-</td><td>-</td><td>88</td><td>633</td><td>19,196</td><td>385</td><td>15</td><td>-</td><td>225</td><td>19,821</td><td>160</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><td></td></tr><tr><td>Feb. 7</td><td>633</td><td>101</td><td>2</td><td>28</td><td>175</td><td>24</td><td>245</td><td>1,208</td><td>17</td><td>40</td><td>1,269</td><td>5</td><td>633</td><td>1,964</td><td>650</td></tr><tr><td>Feb. 14</td><td>634</td><td>100</td><td>1</td><td>28</td><td>172</td><td>23</td><td>245</td><td>1,203</td><td>17</td><td>39</td><td>1,116</td><td>4</td><td>616</td><td>1,792</td><td>912</td></tr><tr><td>Feb. 21</td><td>604</td><td>105</td><td>3</td><td>29</td><td>183</td><td>39</td><td>273</td><td>1,236</td><td>17</td><td>37</td><td>1,056</td><td>6</td><td>577</td><td>1,693</td><td>588</td></tr><tr><td>Feb. 28</td><td>604</td><td>103</td><td>3</td><td>30</td><td>179</td><td>79</td><td>232</td><td>1,230</td><td>17</td><td>34</td><td>960</td><td>6</td><td>561</td><td>1,578</td><td>849</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><td></td></tr><tr><td>Feb. 7</td><td>11,396</td><td>34,098</td><td>9,690</td><td>10,133</td><td>4,461</td><td>912</td><td>39,188</td><td>109,878</td><td>5,399</td><td>573</td><td>111,735</td><td>25,678</td><td>20,029</td><td>163,374</td><td>8,048</td></tr><tr><td>Feb. 14</td><td>10,905</td><td>31,447</td><td>9,525</td><td>11,135</td><td>4,412</td><td>849</td><td>39,099</td><td>107,372</td><td>5,772</td><td>847</td><td>113,134</td><td>27,074</td><td>20,623</td><td>167,490</td><td>8,615</td></tr><tr><td>Feb. 21</td><td>10,463</td><td>32,068</td><td>9,547</td><td>11,513</td><td>4,328</td><td>842</td><td>39,527</td><td>108,288</td><td>6,152</td><td>1,049</td><td>113,247</td><td>24,734</td><td>19,558</td><td>165,340</td><td>8,484</td></tr><tr><td>Feb. 28</td><td>10,867</td><td>31,633</td><td>9,727</td><td>11,052</td><td>4,120</td><td>797</td><td>39,550</td><td>107,746</td><td>6,125</td><td>2,177</td><td>110,142</td><td>28,021</td><td>20,835</td><td>167,300</td><td>8,206</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><td></td></tr><tr><td>Feb. 7</td><td>1,838</td><td>3,998</td><td>96</td><td>4,367</td><td>437</td><td>-</td><td>3,229</td><td>13,965</td><td>1,004</td><td>103</td><td>85,404</td><td>14,971</td><td>14,348</td><td>115,830</td><td>537</td></tr><tr><td>Feb. 14</td><td>1,453</td><td>2,901</td><td>96</td><td>5,420</td><td>393</td><td>1</td><td>3,175</td><td>13,439</td><td>907</td><td>379</td><td>85,740</td><td>15,486</td><td>14,906</td><td>117,418</td><td>585</td></tr><tr><td>Feb. 21</td><td>1,399</td><td>3,720</td><td>115</td><td>5,054</td><td>395</td><td>-</td><td>3,290</td><td>13,973</td><td>1,022</td><td>1,148</td><td>88,231</td><td>12,426</td><td>13,803</td><td>116,630</td><td>602</td></tr><tr><td>Feb. 28</td><td>1,569</td><td>3,244</td><td>121</td><td>4,528</td><td>388</td><td>-</td><td>3,192</td><td>13,042</td><td>1,325</td><td>1,091</td><td>91,388</td><td>15,385</td><td>14,872</td><td>124,061</td><td>707</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><td></td></tr><tr><td>Feb. 7</td><td>659</td><td>16,691</td><td>1,311</td><td>1,977</td><td>499</td><td>30</td><td>4,481</td><td>25,648</td><td>436</td><td>129</td><td>2,605</td><td>3,166</td><td>840</td><td>7,176</td><td>1,085</td></tr><tr><td>Feb. 14</td><td>614</td><td>14,950</td><td>1,331</td><td>2,061</td><td>471</td><td>33</td><td>4,541</td><td>24,001</td><td>441</td><td>137</td><td>1,772</td><td>3,182</td><td>814</td><td>6,346</td><td>1,103</td></tr><tr><td>Feb. 21</td><td>661</td><td>14,830</td><td>1,394</td><td>2,728</td><td>486</td><td>34</td><td>4,613</td><td>24,746</td><td>499</td><td>162</td><td>2,290</td><td>3,405</td><td>871</td><td>7,227</td><td>1,113</td></tr><tr><td>Feb. 28</td><td>697</td><td>14,666</td><td>1,506</td><td>2,795</td><td>233</td><td>24</td><td>4,642</td><td>24,563</td><td>522</td><td>625</td><td>1,284</td><td>3,721</td><td>987</td><td>7,139</td><td>1,004</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><td></td></tr><tr><td>Feb. 7</td><td>8,899</td><td>13,409</td><td>8,283</td><td>3,789</td><td>3,525</td><td>882</td><td>31,478</td><td>70,265</td><td>3,919</td><td>341</td><td>23,726</td><td>7,541</td><td>4,841</td><td>40,368</td><td>7,025</td></tr><tr><td>Feb. 14</td><td>8,838</td><td>13,596</td><td>8,098</td><td>3,654</td><td>3,548</td><td>815</td><td>31,383</td><td>69,932</td><td>4,424</td><td>331</td><td>25,622</td><td>8,406</td><td>4,903</td><td>43,686</td><td>6,927</td></tr><tr><td>Feb. 21</td><td>8,403</td><td>13,518</td><td>8,038</td><td>3,731</td><td>3,447</td><td>808</td><td>31,624</td><td>69,569</td><td>4,631</td><td>339</td><td>22,726</td><td>8,903</td><td>4,884</td><td>41,483</td><td>6,769</td></tr><tr><td>Feb. 28</td><td>8,601</td><td>13,723</td><td>8,100</td><td>3,729</td><td>3,499</td><td>773</td><td>31,716</td><td>70,141</td><td>4,278</td><td>461</td><td>17,470</td><td>8,915</td><td>4,976</td><td>36,100</td><td>6,435</td></tr></table>
46
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers
in the United States for February 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td><b>TOTAL PURCHASES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>13,356</td><td>917</td><td>1,020</td><td>478</td><td>5</td><td>215</td><td>1,524</td><td>80</td><td>3,662</td><td>373</td><td>8,274</td><td>3,003</td><td>1,065</td><td>340</td><td>578</td><td>918</td><td>96</td></tr><tr><td>Feb. 14</td><td>15,102</td><td>1,138</td><td>746</td><td>650</td><td>23</td><td>72</td><td>1,654</td><td>127</td><td>5,254</td><td>435</td><td>10,099</td><td>2,668</td><td>1,350</td><td>260</td><td>617</td><td>877</td><td>108</td></tr><tr><td>Feb. 21</td><td>16,640</td><td>2,331</td><td>498</td><td>349</td><td>45</td><td>101</td><td>2,091</td><td>147</td><td>5,913</td><td>469</td><td>11,944</td><td>2,652</td><td>835</td><td>252</td><td>767</td><td>1,019</td><td>190</td></tr><tr><td>Feb. 28</td><td>18,525</td><td>5,020</td><td>661</td><td>340</td><td>19</td><td>92</td><td>1,323</td><td>153</td><td>4,806</td><td>454</td><td>12,868</td><td>2,645</td><td>1,042</td><td>557</td><td>1,306</td><td>1,863</td><td>107</td></tr><tr><td><b>Purchases of 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><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>6,412</td><td>430</td><td>457</td><td>310</td><td>5</td><td>23</td><td>1,007</td><td>52</td><td>2,354</td><td>117</td><td>4,755</td><td>616</td><td>423</td><td>18</td><td>541</td><td>559</td><td>59</td></tr><tr><td>Feb. 14</td><td>8,464</td><td>459</td><td>576</td><td>443</td><td>16</td><td>12</td><td>1,105</td><td>84</td><td>3,098</td><td>210</td><td>6,003</td><td>1,000</td><td>844</td><td>9</td><td>590</td><td>599</td><td>18</td></tr><tr><td>Feb. 21</td><td>9,368</td><td>725</td><td>413</td><td>239</td><td>20</td><td>2</td><td>1,363</td><td>89</td><td>3,813</td><td>207</td><td>6,871</td><td>1,172</td><td>478</td><td>86</td><td>737</td><td>823</td><td>24</td></tr><tr><td>Feb. 28</td><td>8,290</td><td>775</td><td>490</td><td>221</td><td>18</td><td>21</td><td>918</td><td>118</td><td>3,576</td><td>111</td><td>6,248</td><td>935</td><td>463</td><td>-</td><td>624</td><td>624</td><td>20</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>2,689</td><td>299</td><td>481</td><td>65</td><td>145</td><td>215</td><td>597</td><td>48</td><td>1,850</td><td>698</td><td>89</td><td>-</td><td>32</td><td>32</td><td>20</td></tr><tr><td>Feb. 14</td><td>2,946</td><td>461</td><td>106</td><td>60</td><td>2</td><td>25</td><td>235</td><td>9</td><td>1,291</td><td>221</td><td>601</td><td>102</td><td>-</td><td>15</td><td>15</td><td>17</td></tr><tr><td>Feb. 21</td><td>3,871</td><td>1,378</td><td>61</td><td>7</td><td>5</td><td>64</td><td>321</td><td>20</td><td>1,342</td><td>75</td><td>3,273</td><td>481</td><td>87</td><td>-</td><td>14</td><td>14</td><td>16</td></tr><tr><td>Feb. 28</td><td>6,503</td><td>4,131</td><td>81</td><td>11</td><td>-</td><td>2</td><td>177</td><td>504</td><td>48</td><td>4,954</td><td>695</td><td>159</td><td>20</td><td>668</td><td>688</td><td>7</td></tr><tr><td><b>Purchases of 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><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>4,255</td><td>188</td><td>82</td><td>103</td><td>-</td><td>47</td><td>302</td><td>28</td><td>711</td><td>208</td><td>1,669</td><td>1,689</td><td>553</td><td>322</td><td>5</td><td>327</td><td>17</td></tr><tr><td>Feb. 14</td><td>3,692</td><td>218</td><td>64</td><td>147</td><td>5</td><td>35</td><td>314</td><td>34</td><td>855</td><td>203</td><td>1,885</td><td>1,067</td><td>404</td><td>251</td><td>12</td><td>263</td><td>73</td></tr><tr><td>Feb. 21</td><td>3,401</td><td>228</td><td>24</td><td>103</td><td>20</td><td>35</td><td>407</td><td>38</td><td>758</td><td>187</td><td>1,800</td><td>999</td><td>270</td><td>166</td><td>16</td><td>182</td><td>150</td></tr><tr><td>Feb. 28</td><td>3,732</td><td>114</td><td>90</td><td>108</td><td>1</td><td>69</td><td>228</td><td>35</td><td>726</td><td>295</td><td>1,666</td><td>1,015</td><td>420</td><td>537</td><td>14</td><td>551</td><td>80</td></tr><tr><td><b>TOTAL SALES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>11,911</td><td>4,642</td><td>799</td><td>193</td><td>45</td><td>111</td><td>819</td><td>55</td><td>1,540</td><td>214</td><td>8,418</td><td>2,502</td><td>628</td><td>20</td><td>315</td><td>335</td><td>28</td></tr><tr><td>Feb. 14</td><td>11,811</td><td>3,896</td><td>619</td><td>283</td><td>30</td><td>127</td><td>1,080</td><td>83</td><td>1,913</td><td>257</td><td>8,288</td><td>2,050</td><td>715</td><td>3</td><td>705</td><td>708</td><td>50</td></tr><tr><td>Feb. 21</td><td>13,976</td><td>4,995</td><td>474</td><td>104</td><td>36</td><td>91</td><td>1,656</td><td>120</td><td>2,494</td><td>177</td><td>9,747</td><td>2,813</td><td>817</td><td>75</td><td>441</td><td>516</td><td>83</td></tr><tr><td>Feb. 28</td><td>12,559</td><td>3,894</td><td>1,262</td><td>232</td><td>45</td><td>135</td><td>1,284</td><td>130</td><td>1,497</td><td>134</td><td>8,613</td><td>2,816</td><td>500</td><td>47</td><td>421</td><td>468</td><td>162</td></tr><tr><td><b>Sales of 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><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>7,311</td><td>3,613</td><td>325</td><td>154</td><td>14</td><td>2</td><td>504</td><td>43</td><td>825</td><td>115</td><td>5,655</td><td>1,098</td><td>244</td><td>14</td><td>280</td><td>294</td><td>20</td></tr><tr><td>Feb. 14</td><td>8,966</td><td>3,447</td><td>490</td><td>123</td><td>19</td><td>108</td><td>884</td><td>75</td><td>1,361</td><td>215</td><td>6,722</td><td>1,187</td><td>486</td><td>1</td><td>535</td><td>536</td><td>35</td></tr><tr><td>Feb. 21</td><td>9,013</td><td>3,347</td><td>314</td><td>58</td><td>15</td><td>25</td><td>1,126</td><td>91</td><td>1,393</td><td>140</td><td>6,509</td><td>1,547</td><td>505</td><td>22</td><td>404</td><td>426</td><td>26</td></tr><tr><td>Feb. 28</td><td>8,257</td><td>3,322</td><td>377</td><td>191</td><td>17</td><td>32</td><td>848</td><td>120</td><td>1,038</td><td>96</td><td>6,042</td><td>1,279</td><td>385</td><td>7</td><td>394</td><td>401</td><td>151</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>2,495</td><td>504</td><td>428</td><td>1</td><td>8</td><td>104</td><td>165</td><td>4</td><td>407</td><td>13</td><td>1,694</td><td>732</td><td>34</td><td>2</td><td>30</td><td>32</td><td>3</td></tr><tr><td>Feb. 14</td><td>1,321</td><td>253</td><td>95</td><td>90</td><td>2</td><td>2</td><td>110</td><td>144</td><td>10</td><td>706</td><td>564</td><td>12</td><td>1</td><td>38</td><td>39</td><td>-</td></tr><tr><td>Feb. 21</td><td>2,372</td><td>761</td><td>146</td><td>1</td><td>11</td><td>62</td><td>223</td><td>711</td><td>5</td><td>1,920</td><td>373</td><td>34</td><td>-</td><td>13</td><td>13</td><td>32</td></tr><tr><td>Feb. 28</td><td>2,622</td><td>162</td><td>813</td><td>3</td><td>3</td><td>5</td><td>270</td><td>184</td><td>6</td><td>1,446</td><td>1,095</td><td>45</td><td>-</td><td>25</td><td>25</td><td>11</td></tr><tr><td><b>Sales of 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><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>2,105</td><td>465</td><td>46</td><td>38</td><td>23</td><td>5</td><td>90</td><td>8</td><td>308</td><td>86</td><td>1,069</td><td>672</td><td>350</td><td>4</td><td>5</td><td>9</td><td>5</td></tr><tr><td>Feb. 14</td><td>1,524</td><td>196</td><td>34</td><td>70</td><td>9</td><td>17</td><td>86</td><td>8</td><td>408</td><td>32</td><td>860</td><td>299</td><td>217</td><td>1</td><td>132</td><td>133</td><td>15</td></tr><tr><td>Feb. 21</td><td>2,591</td><td>487</td><td>14</td><td>45</td><td>10</td><td>4</td><td>307</td><td>29</td><td>390</td><td>32</td><td>1,318</td><td>893</td><td>278</td><td>53</td><td>24</td><td>77</td><td>25</td></tr><tr><td>Feb. 28</td><td>1,680</td><td>410</td><td>72</td><td>38</td><td>25</td><td>98</td><td>166</td><td>10</td><td>275</td><td>32</td><td>1,126</td><td>442</td><td>70</td><td>40</td><td>2</td><td>42</td><td>-</td></tr><tr><td><b>TOTAL PURCHASES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>1,030</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72</td><td>943</td><td>-</td><td>-</td><td>15</td><td>15</td><td>-</td></tr><tr><td>Feb. 14</td><td>1,221</td><td>174</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>174</td><td>1,025</td><td>-</td><td>-</td><td>22</td><td>22</td><td>-</td></tr><tr><td>Feb. 21</td><td>1,389</td><td>181</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>181</td><td>1,175</td><td>19</td><td>-</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Feb. 28</td><td>1,330</td><td>192</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>195</td><td>1,121</td><td>7</td><td>-</td><td>7</td><td>7</td><td>-</td></tr><tr><td><b>Purchases of 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><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>99</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>55</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>149</td><td>127</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>127</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>199</td><td>113</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>86</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>97</td><td>91</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>91</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>18</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>21</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Purchases of 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><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>925</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>893</td><td>-</td><td>-</td><td>15</td><td>15</td><td>-</td></tr><tr><td>Feb. 14</td><td>1,054</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td><td>1,002</td><td>-</td><td>-</td><td>22</td><td>22</td><td>-</td></tr><tr><td>Feb. 21</td><td>1,159</td><td>68</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68</td><td>1,088</td><td>19</td><td>-</td><td>14</td><td>14</td><td>-</td></tr><tr><td>Feb. 28</td><td>1,212</td><td>95</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>98</td><td>1,100</td><td>7</td><td>-</td><td>7</td><td>7</td><td>-</td></tr></table>
(Continued on following page)
47
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for February 1940 - (Continued)
(in thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></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><td></td><td></td><td></td></tr><tr><td>Feb. 7.........</td><td>1,622</td><td>750</td><td>5</td><td>-</td><td>-</td><td>-</td><td>91</td><td>-</td><td>17</td><td>-</td><td>863</td><td>957</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14.........</td><td>1,334</td><td>398</td><td>1</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>407</td><td>899</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21.........</td><td>2,539</td><td>1,365</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td><td>-</td><td>1,392</td><td>1,142</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28.........</td><td>2,390</td><td>1,451</td><td>5</td><td>-</td><td>1</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>1,466</td><td>923</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</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><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7.........</td><td>94</td><td>37</td><td>5</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>52</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14.........</td><td>39</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>37</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21.........</td><td>198</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>187</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28.........</td><td>12</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7.........</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14.........</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21.........</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28.........</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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><td></td><td></td><td></td></tr><tr><td>Feb. 7.........</td><td>1,725</td><td>713</td><td>-</td><td>-</td><td>-</td><td>-</td><td>81</td><td>-</td><td>17</td><td>-</td><td>811</td><td>912</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14.........</td><td>1,290</td><td>396</td><td>1</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>405</td><td>857</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21.........</td><td>2,330</td><td>1,354</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td><td>-</td><td>1,381</td><td>944</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28.........</td><td>2,377</td><td>1,451</td><td>-</td><td>-</td><td>1</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>1,461</td><td>915</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for February 1940
(in thousands of dollars)
<table><tr><th>Balances as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latia America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</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><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>45,030</td><td>3,657</td><td>2,763</td><td>1,484</td><td>109</td><td>158</td><td>1,910</td><td>1,466</td><td>2,767</td><td>2,776</td><td>17,090</td><td>15,473</td><td>5,599</td><td>166</td><td>6,369</td><td>6,535</td><td>333</td></tr><tr><td>Feb. 14</td><td>45,389</td><td>3,606</td><td>3,061</td><td>1,317</td><td>124</td><td>142</td><td>1,852</td><td>1,417</td><td>3,480</td><td>2,696</td><td>17,695</td><td>15,399</td><td>5,626</td><td>166</td><td>6,166</td><td>6,332</td><td>337</td></tr><tr><td>Feb. 21</td><td>44,555</td><td>3,315</td><td>3,155</td><td>1,346</td><td>108</td><td>138</td><td>2,123</td><td>1,439</td><td>3,268</td><td>2,618</td><td>17,510</td><td>15,037</td><td>5,655</td><td>81</td><td>5,980</td><td>6,061</td><td>292</td></tr><tr><td>Feb. 28</td><td>44,579</td><td>3,338</td><td>3,136</td><td>1,318</td><td>121</td><td>137</td><td>1,921</td><td>1,441</td><td>3,160</td><td>2,613</td><td>17,185</td><td>14,875</td><td>5,955</td><td>148</td><td>6,123</td><td>6,271</td><td>293</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><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>54,578</td><td>6,440</td><td>8,419</td><td>1,195</td><td>166</td><td>194</td><td>4,831</td><td>329</td><td>15,653</td><td>2,074</td><td>39,311</td><td>5,920</td><td>5,260</td><td>95</td><td>1,962</td><td>2,057</td><td>2,030</td></tr><tr><td>Feb. 14</td><td>54,243</td><td>6,523</td><td>8,348</td><td>1,058</td><td>150</td><td>182</td><td>4,722</td><td>324</td><td>16,074</td><td>2,154</td><td>39,535</td><td>5,776</td><td>4,938</td><td>109</td><td>1,863</td><td>1,972</td><td>2,022</td></tr><tr><td>Feb. 21</td><td>54,796</td><td>5,978</td><td>8,209</td><td>1,064</td><td>157</td><td>206</td><td>5,068</td><td>267</td><td>17,245</td><td>2,161</td><td>40,355</td><td>5,694</td><td>5,021</td><td>175</td><td>1,753</td><td>1,928</td><td>1,798</td></tr><tr><td>Feb. 28</td><td>53,727</td><td>6,408</td><td>8,139</td><td>1,016</td><td>167</td><td>183</td><td>4,834</td><td>310</td><td>17,010</td><td>2,195</td><td>40,262</td><td>5,009</td><td>4,832</td><td>114</td><td>1,739</td><td>1,853</td><td>1,771</td></tr></table>
48
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for February 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td colspan="18">TOTAL PURCHASES IN THE UNITED STATES:</td></tr><tr><td>Feb. 7</td><td>426</td><td>80</td><td>-</td><td>1</td><td>-</td><td>-</td><td>2</td><td>-</td><td>49</td><td>24</td><td>156</td><td>168</td><td>102</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>376</td><td>25</td><td>-</td><td>1</td><td>-</td><td>-</td><td>3</td><td>-</td><td>43</td><td>-</td><td>72</td><td>187</td><td>117</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>610</td><td>69</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>15</td><td>-</td><td>91</td><td>437</td><td>82</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>511</td><td>163</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>4</td><td>170</td><td>333</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Purchases of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>27</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>47</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>43</td><td>-</td><td>46</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>7</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>21</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>80</td><td>80</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>80</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>7</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>8</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Purchases of foreign securities:</td></tr><tr><td>Feb. 7</td><td>317</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>24</td><td>47</td><td>168</td><td>102</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>324</td><td>20</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>187</td><td>116</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>596</td><td>62</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>77</td><td>437</td><td>82</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>482</td><td>136</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>141</td><td>333</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">TOTAL SALES IN THE UNITED STATES:</td></tr><tr><td>Feb. 7</td><td>486</td><td>199</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>206</td><td>280</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>919</td><td>522</td><td>-</td><td>2</td><td>-</td><td>-</td><td>51</td><td>-</td><td>28</td><td>4</td><td>607</td><td>312</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>990</td><td>646</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td><td>3</td><td>-</td><td>687</td><td>303</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>1,422</td><td>1,111</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>1,114</td><td>308</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Sales of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>183</td><td>179</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>183</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>555</td><td>480</td><td>-</td><td>-</td><td>-</td><td>-</td><td>51</td><td>-</td><td>24</td><td>-</td><td>555</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>607</td><td>566</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td><td>3</td><td>-</td><td>607</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>915</td><td>912</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>915</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><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>Feb. 7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Feb. 14</td><td>15</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>7</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Sales of foreign securities:</td></tr><tr><td>Feb. 7</td><td>303</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>23</td><td>280</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 14</td><td>349</td><td>27</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>4</td><td>37</td><td>312</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 21</td><td>381</td><td>78</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>78</td><td>303</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Feb. 28</td><td>500</td><td>192</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>192</td><td>308</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
49
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 purchasee</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>1937-Jan. 6...</td><td>38,171</td><td>37,056</td><td>1,115</td><td>1938-Feb. 2...</td><td>20,255</td><td>18,017</td><td>2,238</td><td>1939-Mar. 1...</td><td>22,205</td><td>20,272</td><td>1,933</td></tr><tr><td>13...</td><td>65,591</td><td>56,170</td><td>9,421</td><td>9...</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>8...</td><td>22,675</td><td>25,232</td><td>-2,557</td></tr><tr><td>20...</td><td>81,012</td><td>60,013</td><td>20,999</td><td>16...</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>15...</td><td>26,725</td><td>27,207</td><td>-482</td></tr><tr><td>27...</td><td>68,904</td><td>59,867</td><td>9,037</td><td>23...</td><td>11,021</td><td>11,833</td><td>-812</td><td>22...</td><td>24,587</td><td>39,669</td><td>-15,082</td></tr><tr><td>Feb. 3...</td><td>65,470</td><td>55,056</td><td>10,414</td><td>Mar. 2...</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>29...</td><td>29,386</td><td>23,209</td><td>6,177</td></tr><tr><td>10...</td><td>98,866</td><td>66,819</td><td>32,047</td><td>9...</td><td>12,462</td><td>11,806</td><td>656</td><td>Apr. 5...</td><td>36,475</td><td>25,365</td><td>11,110</td></tr><tr><td>17...</td><td>77,632</td><td>73,754</td><td>3,878</td><td>16...</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>12...</td><td>19,977</td><td>17,962</td><td>2,015</td></tr><tr><td>24...</td><td>74,863</td><td>64,632</td><td>10,231</td><td>23...</td><td>18,619</td><td>17,759</td><td>860</td><td>19...</td><td>21,239</td><td>20,677</td><td>562</td></tr><tr><td>Mar. 3...</td><td>74,784</td><td>63,616</td><td>11,168</td><td>30...</td><td>19,355</td><td>17,704</td><td>1,651</td><td>26...</td><td>19,851</td><td>11,245</td><td>8,606</td></tr><tr><td>10...</td><td>113,812</td><td>85,119</td><td>28,693</td><td>Apr. 6...</td><td>18,967</td><td>19,058</td><td>-91</td><td>May 3...</td><td>19,699</td><td>10,723</td><td>8,976</td></tr><tr><td>17...</td><td>84,365</td><td>74,045</td><td>10,320</td><td>13...</td><td>14,702</td><td>12,630</td><td>2,072</td><td>10...</td><td>13,402</td><td>15,120</td><td>-1,718</td></tr><tr><td>24...</td><td>66,507</td><td>69,074</td><td>-2,567</td><td>20...</td><td>19,312</td><td>12,406</td><td>6,906</td><td>17...</td><td>13,630</td><td>12,008</td><td>1,622</td></tr><tr><td>31...</td><td>43,680</td><td>30,086</td><td>13,594</td><td>27...</td><td>14,912</td><td>13,401</td><td>1,511</td><td>24...</td><td>11,579</td><td>14,041</td><td>-2,462</td></tr><tr><td>Apr. 7...</td><td>58,751</td><td>50,982</td><td>7,769</td><td>May 4...</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>31...</td><td>15,115</td><td>15,265</td><td>-150</td></tr><tr><td>14...</td><td>58,729</td><td>58,162</td><td>567</td><td>11...</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>June 7...</td><td>14,902</td><td>13,522</td><td>1,380</td></tr><tr><td>21...</td><td>39,674</td><td>48,278</td><td>-8,604</td><td>18...</td><td>12,105</td><td>12,553</td><td>-448</td><td>14...</td><td>13,136</td><td>15,430</td><td>-2,294</td></tr><tr><td>28...</td><td>43,143</td><td>54,898</td><td>-11,755</td><td>25...</td><td>8,816</td><td>9,291</td><td>-475</td><td>21...</td><td>13,162</td><td>15,837</td><td>-2,675</td></tr><tr><td>May 5...</td><td>44,852</td><td>67,685</td><td>-22,833</td><td>June 1...</td><td>10,405</td><td>9,983</td><td>422</td><td>28...</td><td>10,035</td><td>16,353</td><td>-6,318</td></tr><tr><td>12...</td><td>34,423</td><td>25,111</td><td>9,312</td><td>8...</td><td>11,682</td><td>12,383</td><td>-701</td><td>July 5...</td><td>13,187</td><td>13,128</td><td>59</td></tr><tr><td>19...</td><td>26,800</td><td>32,184</td><td>-5,384</td><td>15...</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>12...</td><td>7,832</td><td>12,749</td><td>-4,917</td></tr><tr><td>26...</td><td>34,169</td><td>25,316</td><td>8,853</td><td>22...</td><td>11,375</td><td>9,257</td><td>2,118</td><td>19...</td><td>15,273</td><td>24,653</td><td>-9,380</td></tr><tr><td>June 2...</td><td>18,912</td><td>14,271</td><td>4,641</td><td>29...</td><td>38,260</td><td>37,841</td><td>419</td><td>26...</td><td>23,793</td><td>28,866</td><td>-5,073</td></tr><tr><td>9...</td><td>31,995</td><td>26,171</td><td>5,824</td><td>July 6...</td><td>38,619</td><td>32,628</td><td>5,991</td><td>Aug. 2...</td><td>20,542</td><td>18,308</td><td>2,234</td></tr><tr><td>16...</td><td>32,783</td><td>26,962</td><td>5,821</td><td>13...</td><td>38,121</td><td>38,613</td><td>-492</td><td>9...</td><td>15,561</td><td>21,304</td><td>-5,743</td></tr><tr><td>23...</td><td>21,651</td><td>28,638</td><td>-6,987</td><td>20...</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>16...</td><td>12,867</td><td>24,466</td><td>-11,599</td></tr><tr><td>30...</td><td>26,474</td><td>19,865</td><td>6,609</td><td>27...</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>23...</td><td>15,766</td><td>15,513</td><td>253</td></tr><tr><td>July 7...</td><td>16,717</td><td>20,597</td><td>-3,880</td><td>Aug. 3...</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>30...</td><td>20,453</td><td>19,904</td><td>549</td></tr><tr><td>14...</td><td>41,309</td><td>33,482</td><td>7,827</td><td>10...</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>Sept. 6...</td><td>19,989</td><td>14,312</td><td>5,677</td></tr><tr><td>21...</td><td>34,326</td><td>31,427</td><td>2,899</td><td>17...</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>13...</td><td>52,564</td><td>42,611</td><td>9,953</td></tr><tr><td>28...</td><td>48,503</td><td>33,337</td><td>15,166</td><td>24...</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>20...</td><td>32,114</td><td>40,019</td><td>-7,905</td></tr><tr><td>Aug. 4...</td><td>32,886</td><td>25,129</td><td>7,757</td><td>31...</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>27...</td><td>19,024</td><td>28,016</td><td>-8,992</td></tr><tr><td>11...</td><td>41,681</td><td>33,544</td><td>8,137</td><td>Sept. 7...</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>Oct. 4...</td><td>15,174</td><td>29,373</td><td>-14,199</td></tr><tr><td>18...</td><td>28,433</td><td>27,762</td><td>671</td><td>14...</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>11...</td><td>16,594</td><td>22,395</td><td>-5,801</td></tr><tr><td>25...</td><td>31,062</td><td>25,222</td><td>5,840</td><td>21...</td><td>34,063</td><td>25,408</td><td>8,655</td><td>18...</td><td>16,146</td><td>18,811</td><td>-2,665</td></tr><tr><td>Sept. 1...</td><td>26,590</td><td>25,761</td><td>829</td><td>28...</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>25...</td><td>17,269</td><td>28,434</td><td>-11,165</td></tr><tr><td>8...</td><td>26,093</td><td>23,110</td><td>2,983</td><td>Oct. 5...</td><td>43,286</td><td>26,139</td><td>17,147</td><td>Nov. 1...</td><td>17,198</td><td>24,066</td><td>-6,868</td></tr><tr><td>15...</td><td>57,789</td><td>45,416</td><td>12,373</td><td>12...</td><td>48,449</td><td>29,888</td><td>18,561</td><td>8...</td><td>13,059</td><td>20,862</td><td>-7,803</td></tr><tr><td>22...</td><td>37,904</td><td>42,671</td><td>-4,767</td><td>19...</td><td>46,441</td><td>37,402</td><td>9,039</td><td>15...</td><td>16,948</td><td>23,674</td><td>-6,726</td></tr><tr><td>29...</td><td>38,753</td><td>39,000</td><td>-247</td><td>26...</td><td>45,644</td><td>33,412</td><td>12,232</td><td>22...</td><td>13,093</td><td>15,140</td><td>-2,047</td></tr><tr><td>Oct. 6...</td><td>22,337</td><td>24,753</td><td>-2,416</td><td>Nov. 2...</td><td>41,470</td><td>33,198</td><td>8,272</td><td>29...</td><td>9,289</td><td>12,708</td><td>-3,419</td></tr><tr><td>13...</td><td>24,008</td><td>36,652</td><td>-12,644</td><td>9...</td><td>25,338</td><td>23,665</td><td>1,673</td><td>Dec. 6...</td><td>10,297</td><td>15,064</td><td>-4,767</td></tr><tr><td>20...</td><td>37,540</td><td>41,240</td><td>-3,700</td><td>16...</td><td>42,393</td><td>37,886</td><td>4,507</td><td>13...</td><td>13,991</td><td>16,437</td><td>-2,446</td></tr><tr><td>27...</td><td>54,514</td><td>44,618</td><td>9,896</td><td>23...</td><td>33,518</td><td>31,704</td><td>1,614</td><td>20...</td><td>13,662</td><td>13,382</td><td>280</td></tr><tr><td>Nov. 3...</td><td>32,346</td><td>24,798</td><td>7,548</td><td>30...</td><td>19,846</td><td>23,836</td><td>-4,040</td><td>27...</td><td>10,528</td><td>8,782</td><td>1,746</td></tr><tr><td>10...</td><td>26,527</td><td>30,716</td><td>-4,189</td><td>Dec. 7...</td><td>26,323</td><td>19,764</td><td>6,559</td><td>Jan. 3...</td><td>11,269</td><td>7,169</td><td>-4,100</td></tr><tr><td>17...</td><td>23,423</td><td>24,081</td><td>5,342</td><td>14...</td><td>19,917</td><td>28,398</td><td>-8,481</td><td>10...</td><td>11,158</td><td>11,498</td><td>-340</td></tr><tr><td>24...</td><td>26,339</td><td>29,814</td><td>-3,475</td><td>21...</td><td>36,607</td><td>26,963</td><td>9,644</td><td>17...</td><td>15,309</td><td>16,988</td><td>-1,679</td></tr><tr><td>Dec. 1...</td><td>26,062</td><td>19,104</td><td>6,958</td><td>28...</td><td>22,343</td><td>13,624</td><td>8,719</td><td>24...</td><td>9,969</td><td>11,565</td><td>-1,596</td></tr><tr><td>8...</td><td>25,512</td><td>19,482</td><td>6,030</td><td>1939-Jan. 4...</td><td>25,529</td><td>24,960</td><td>569</td><td>31...</td><td>9,192</td><td>10,056</td><td>-864</td></tr><tr><td>15...</td><td>35,481</td><td>26,796</td><td>8,685</td><td>11...</td><td>30,039</td><td>28,178</td><td>1,861</td><td>Feb. 7...</td><td>9,307</td><td>10,094</td><td>-787</td></tr><tr><td>22...</td><td>24,631</td><td>16,525</td><td>8,106</td><td>18...</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>14...</td><td>11,506</td><td>11,024</td><td>482</td></tr><tr><td>29...</td><td>20,602</td><td>9,838</td><td>10,714</td><td>25...</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>21...</td><td>13,462</td><td>12,194</td><td>1,268</td></tr><tr><td>1938-Jan. 5...</td><td>17,083</td><td>15,195</td><td>1,888</td><td>Feb. 1...</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>28...</td><td>14,835</td><td>11,919</td><td>2,916</td></tr><tr><td>12...</td><td>22,268</td><td>21,189</td><td>1,079</td><td>8...</td><td>28,615</td><td>23,014</td><td>5,601</td><td></td><td></td><td></td><td></td></tr><tr><td>19...</td><td>24,699</td><td>21,609</td><td>3,090</td><td>15...</td><td>17,529</td><td>15,519</td><td>2,010</td><td></td><td></td><td></td><td></td></tr><tr><td>26...</td><td>17,822</td><td>17,942</td><td>-120</td><td>22...</td><td>16,502</td><td>14,868</td><td>1,634</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
50
51
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for February 1940
(In thousands of dollars)
<table><tr><th>Truncations during week ended-</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td><b>TOTAL PURCHASES:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>51,868</td><td>21,783</td><td>2,377</td><td>2,540</td><td>76</td><td>340</td><td>2,485</td><td>412</td><td>1,967</td><td>422</td><td>42,402</td><td>6,730</td><td>317</td><td>1,012</td><td>806</td><td>1,818</td><td>601</td></tr><tr><td>Feb. 7 Forward....</td><td>35,745</td><td>26,065</td><td>116</td><td>994</td><td>-</td><td>87</td><td>2,486</td><td>102</td><td>133</td><td>16</td><td>29,999</td><td>3,271</td><td>23</td><td>567</td><td>1,868</td><td>2,435</td><td>17</td></tr><tr><td>Feb. 14 Spot.....</td><td>58,033</td><td>37,705</td><td>2,315</td><td>1,601</td><td>27</td><td>418</td><td>3,373</td><td>295</td><td>1,354</td><td>463</td><td>47,551</td><td>6,830</td><td>360</td><td>1,951</td><td>845</td><td>2,796</td><td>496</td></tr><tr><td>Feb. 14 Forward....</td><td>32,690</td><td>25,534</td><td>357</td><td>466</td><td>-</td><td>10</td><td>1,688</td><td>93</td><td>376</td><td>10</td><td>28,534</td><td>2,660</td><td>72</td><td>545</td><td>877</td><td>1,422</td><td>2</td></tr><tr><td>Feb. 21 Spot.....</td><td>61,290</td><td>42,155</td><td>2,530</td><td>1,741</td><td>83</td><td>413</td><td>2,625</td><td>199</td><td>2,100</td><td>436</td><td>52,482</td><td>5,506</td><td>689</td><td>574</td><td>1,480</td><td>2,054</td><td>599</td></tr><tr><td>Feb. 21 Forward....</td><td>40,477</td><td>31,092</td><td>218</td><td>454</td><td>-</td><td>-</td><td>2,668</td><td>17</td><td>558</td><td>4</td><td>35,011</td><td>4,040</td><td>1</td><td>889</td><td>525</td><td>1,414</td><td>11</td></tr><tr><td>Feb. 28 Spot.....</td><td>49,458</td><td>31,549</td><td>1,548</td><td>1,402</td><td>92</td><td>296</td><td>1,771</td><td>840</td><td>1,965</td><td>537</td><td>40,000</td><td>5,585</td><td>903</td><td>1,310</td><td>1,687</td><td>2,997</td><td>373</td></tr><tr><td>Feb. 28 Forward....</td><td>34,656</td><td>25,408</td><td>306</td><td>340</td><td>1</td><td>85</td><td>2,180</td><td>10</td><td>403</td><td>-</td><td>28,733</td><td>5,056</td><td>13</td><td>367</td><td>471</td><td>838</td><td>16</td></tr><tr><td><b>Purchases from banks:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>39,916</td><td>23,450</td><td>2,098</td><td>2,533</td><td>54</td><td>232</td><td>2,147</td><td>330</td><td>1,945</td><td>348</td><td>33,137</td><td>5,068</td><td>159</td><td>832</td><td>608</td><td>1,440</td><td>112</td></tr><tr><td>Feb. 7 Forward....</td><td>22,497</td><td>18,872</td><td>109</td><td>668</td><td>-</td><td>55</td><td>720</td><td>3</td><td>133</td><td>8</td><td>20,568</td><td>558</td><td>23</td><td>548</td><td>800</td><td>1,348</td><td>-</td></tr><tr><td>Feb. 14 Spot.....</td><td>46,449</td><td>29,236</td><td>2,189</td><td>1,514</td><td>21</td><td>259</td><td>3,055</td><td>213</td><td>1,293</td><td>415</td><td>38,195</td><td>5,378</td><td>194</td><td>1,657</td><td>820</td><td>2,477</td><td>205</td></tr><tr><td>Feb. 14 Forward....</td><td>22,214</td><td>18,915</td><td>337</td><td>198</td><td>-</td><td>-</td><td>739</td><td>32</td><td>158</td><td>10</td><td>20,389</td><td>581</td><td>40</td><td>362</td><td>842</td><td>1,204</td><td>-</td></tr><tr><td>Feb. 21 Spot.....</td><td>48,215</td><td>31,734</td><td>2,448</td><td>1,649</td><td>64</td><td>195</td><td>2,503</td><td>172</td><td>2,030</td><td>330</td><td>41,125</td><td>4,711</td><td>472</td><td>364</td><td>1,408</td><td>1,772</td><td>135</td></tr><tr><td>Feb. 21 Forward....</td><td>30,048</td><td>26,152</td><td>188</td><td>120</td><td>-</td><td>-</td><td>1,400</td><td>15</td><td>267</td><td>4</td><td>28,146</td><td>1,451</td><td>1</td><td>679</td><td>371</td><td>1,050</td><td>-</td></tr><tr><td>Feb. 28 Spot.....</td><td>37,957</td><td>24,704</td><td>1,899</td><td>1,373</td><td>86</td><td>175</td><td>1,553</td><td>783</td><td>1,899</td><td>506</td><td>32,348</td><td>2,442</td><td>433</td><td>1,059</td><td>1,548</td><td>2,617</td><td>78</td></tr><tr><td>Feb. 28 Forward....</td><td>24,082</td><td>17,476</td><td>290</td><td>158</td><td>1</td><td>64</td><td>1,444</td><td>1</td><td>189</td><td>-</td><td>19,623</td><td>3,933</td><td>7</td><td>227</td><td>292</td><td>519</td><td>-</td></tr><tr><td><b>Purchases from customers other than banks:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>11,952</td><td>8,333</td><td>279</td><td>7</td><td>22</td><td>108</td><td>338</td><td>82</td><td>22</td><td>74</td><td>9,265</td><td>1,662</td><td>158</td><td>180</td><td>198</td><td>378</td><td>489</td></tr><tr><td>Feb. 7 Forward....</td><td>13,248</td><td>7,193</td><td>7</td><td>326</td><td>-</td><td>32</td><td>1,766</td><td>99</td><td>-</td><td>8</td><td>9,431</td><td>2,713</td><td>-</td><td>19</td><td>1,068</td><td>1,087</td><td>17</td></tr><tr><td>Feb. 14 Spot.....</td><td>11,584</td><td>8,469</td><td>126</td><td>87</td><td>6</td><td>159</td><td>318</td><td>82</td><td>61</td><td>48</td><td>9,356</td><td>1,452</td><td>166</td><td>294</td><td>25</td><td>319</td><td>291</td></tr><tr><td>Feb. 14 Forward....</td><td>10,476</td><td>6,619</td><td>20</td><td>268</td><td>-</td><td>10</td><td>949</td><td>61</td><td>218</td><td>-</td><td>8,145</td><td>2,079</td><td>32</td><td>183</td><td>35</td><td>218</td><td>2</td></tr><tr><td>Feb. 21 Spot.....</td><td>13,075</td><td>10,421</td><td>82</td><td>92</td><td>19</td><td>218</td><td>322</td><td>27</td><td>70</td><td>106</td><td>11,357</td><td>795</td><td>217</td><td>210</td><td>72</td><td>282</td><td>424</td></tr><tr><td>Feb. 21 Forward....</td><td>9,829</td><td>4,940</td><td>30</td><td>334</td><td>-</td><td>-</td><td>1,268</td><td>2</td><td>291</td><td>-</td><td>6,855</td><td>2,589</td><td>-</td><td>210</td><td>154</td><td>364</td><td>11</td></tr><tr><td>Feb. 28 Spot.....</td><td>11,501</td><td>6,845</td><td>249</td><td>29</td><td>6</td><td>121</td><td>208</td><td>57</td><td>106</td><td>31</td><td>7,652</td><td>3,104</td><td>70</td><td>241</td><td>139</td><td>380</td><td>295</td></tr><tr><td>Feb. 28 Forward....</td><td>10,574</td><td>7,932</td><td>18</td><td>182</td><td>-</td><td>21</td><td>736</td><td>9</td><td>214</td><td>-</td><td>9,110</td><td>1,123</td><td>6</td><td>140</td><td>179</td><td>319</td><td>16</td></tr><tr><td><b>TOTAL SALES:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>51,174</td><td>31,744</td><td>2,197</td><td>2,330</td><td>48</td><td>312</td><td>2,385</td><td>406</td><td>1,808</td><td>413</td><td>41,543</td><td>6,512</td><td>589</td><td>953</td><td>1,168</td><td>2,121</td><td>409</td></tr><tr><td>Feb. 7 Forward....</td><td>36,267</td><td>25,721</td><td>161</td><td>1,196</td><td>4</td><td>89</td><td>2,821</td><td>152</td><td>333</td><td>24</td><td>30,501</td><td>3,486</td><td>23</td><td>766</td><td>1,474</td><td>2,240</td><td>17</td></tr><tr><td>Feb. 14 Spot.....</td><td>54,636</td><td>36,544</td><td>2,052</td><td>1,231</td><td>39</td><td>370</td><td>2,321</td><td>303</td><td>1,392</td><td>444</td><td>44,696</td><td>6,749</td><td>520</td><td>1,056</td><td>1,243</td><td>2,299</td><td>372</td></tr><tr><td>Feb. 14 Forward....</td><td>35,677</td><td>25,801</td><td>234</td><td>677</td><td>-</td><td>40</td><td>3,019</td><td>71</td><td>663</td><td>24</td><td>30,529</td><td>2,746</td><td>109</td><td>1,303</td><td>989</td><td>2,292</td><td>1</td></tr><tr><td>Feb. 21 Spot.....</td><td>60,095</td><td>42,051</td><td>2,659</td><td>1,579</td><td>70</td><td>374</td><td>1,859</td><td>211</td><td>1,835</td><td>488</td><td>51,126</td><td>5,767</td><td>527</td><td>1,082</td><td>1,306</td><td>2,383</td><td>287</td></tr><tr><td>Feb. 21 Forward....</td><td>43,323</td><td>31,801</td><td>171</td><td>610</td><td>-</td><td>-</td><td>3,281</td><td>63</td><td>413</td><td>92</td><td>36,431</td><td>3,937</td><td>23</td><td>387</td><td>530</td><td>917</td><td>5</td></tr><tr><td>Feb. 28 Spot.....</td><td>47,906</td><td>30,623</td><td>1,859</td><td>1,423</td><td>88</td><td>304</td><td>2,230</td><td>785</td><td>1,665</td><td>528</td><td>39,565</td><td>5,543</td><td>507</td><td>913</td><td>1,112</td><td>2,025</td><td>266</td></tr><tr><td>Feb. 28 Forward....</td><td>36,613</td><td>25,906</td><td>271</td><td>423</td><td>1</td><td>56</td><td>2,550</td><td>15</td><td>643</td><td>-</td><td>29,865</td><td>5,059</td><td>50</td><td>779</td><td>848</td><td>1,627</td><td>12</td></tr><tr><td><b>Sales to banks:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>34,039</td><td>23,388</td><td>1,404</td><td>1,779</td><td>5</td><td>177</td><td>1,475</td><td>270</td><td>1,206</td><td>94</td><td>29,798</td><td>2,995</td><td>268</td><td>463</td><td>253</td><td>716</td><td>262</td></tr><tr><td>Feb. 7 Forward....</td><td>24,914</td><td>16,623</td><td>94</td><td>1,191</td><td>4</td><td>85</td><td>2,182</td><td>152</td><td>298</td><td>24</td><td>20,653</td><td>3,139</td><td>-</td><td>766</td><td>340</td><td>1,106</td><td>16</td></tr><tr><td>Feb. 14 Spot.....</td><td>34,704</td><td>25,490</td><td>1,403</td><td>874</td><td>3</td><td>266</td><td>1,317</td><td>238</td><td>922</td><td>116</td><td>30,634</td><td>2,975</td><td>265</td><td>357</td><td>281</td><td>638</td><td>192</td></tr><tr><td>Feb. 14 Forward....</td><td>24,177</td><td>16,004</td><td>119</td><td>675</td><td>-</td><td>30</td><td>1,780</td><td>71</td><td>630</td><td>-</td><td>19,309</td><td>2,574</td><td>86</td><td>1,303</td><td>904</td><td>2,207</td><td>1</td></tr><tr><td>Feb. 21 Spot.....</td><td>40,359</td><td>31,827</td><td>1,798</td><td>1,203</td><td>18</td><td>266</td><td>1,147</td><td>95</td><td>1,388</td><td>143</td><td>37,885</td><td>1,627</td><td>62</td><td>440</td><td>166</td><td>606</td><td>179</td></tr><tr><td>Feb. 21 Forward....</td><td>30,992</td><td>23,380</td><td>58</td><td>606</td><td>-</td><td>-</td><td>2,257</td><td>61</td><td>400</td><td>75</td><td>26,857</td><td>3,434</td><td>23</td><td>369</td><td>294</td><td>663</td><td>5</td></tr><tr><td>Feb. 28 Spot.....</td><td>31,124</td><td>20,911</td><td>924</td><td>1,111</td><td>44</td><td>185</td><td>1,572</td><td>327</td><td>1,211</td><td>234</td><td>26,478</td><td>3,597</td><td>347</td><td>241</td><td>261</td><td>502</td><td>200</td></tr><tr><td>Feb. 28 Forward....</td><td>21,582</td><td>16,790</td><td>231</td><td>417</td><td>1</td><td>55</td><td>1,568</td><td>15</td><td>562</td><td>-</td><td>19,639</td><td>516</td><td>50</td><td>646</td><td>421</td><td>1,067</td><td>10</td></tr><tr><td><b>Sales to customers other than banks:</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><td></td><td></td><td></td></tr><tr><td>Feb. 7 Spot.....</td><td>17,135</td><td>8,356</td><td>793</td><td>451</td><td>43</td><td>135</td><td>910</td><td>136</td><td>602</td><td>319</td><td>11,745</td><td>3,517</td><td>321</td><td>490</td><td>915</td><td>1,405</td><td>147</td></tr><tr><td>Feb. 7 Forward....</td><td>11,353</td><td>9,098</td><td>67</td><td>5</td><td>-</td><td>4</td><td>639</td><td>-</td><td>35</td><td>-</td><td>9,848</td><td>347</td><td>23</td><td>-</td><td>1,134</td><td>1,134</td><td>1</td></tr><tr><td>Feb. 14 Spot.....</td><td>19,932</td><td>11,054</td><td>644</td><td>357</td><td>36</td><td>104</td><td>1,004</td><td>65</td><td>470</td><td>328</td><td>14,062</td><td>3,774</td><td>255</td><td>699</td><td>962</td><td>1,661</td><td>180</td></tr><tr><td>Feb. 14 Forward....</td><td>11,500</td><td>9,797</td><td>115</td><td>2</td><td>-</td><td>10</td><td>1,299</td><td>-</td><td>33</td><td>24</td><td>11,220</td><td>172</td><td>23</td><td>-</td><td>85</td><td>85</td><td>-</td></tr><tr><td>Feb. 21 Spot.....</td><td>19,736</td><td>10,224</td><td>861</td><td>376</td><td>52</td><td>108</td><td>712</td><td>116</td><td>447</td><td>345</td><td>13,242</td><td>4,140</td><td>465</td><td>642</td><td>1,140</td><td>1,782</td><td>108</td></tr><tr><td>Feb. 21 Forward....</td><td>10,321</td><td>8,421</td><td>113</td><td>4</td><td>-</td><td>-</td><td>994</td><td>2</td><td>13</td><td>17</td><td>9,584</td><td>503</td><td>-</td><td>18</td><td>236</td><td>254</td><td>-</td></tr><tr><td>Feb. 28 Spot.....</td><td>16,782</td><td>9,712</td><td>935</td><td>312</td><td>44</td><td>119</td><td>759</td><td>458</td><td>454</td><td>294</td><td>13,087</td><td>1,946</td><td>160</td><td>672</td><td>851</td><td>1,523</td><td>66</td></tr><tr><td>Feb
52
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during February 1940
(In thousands of dollars)
<table><tr><th>Contracts as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>317,504</td><td>222,723</td><td>909</td><td>5,183</td><td>-</td><td>332</td><td>25,936</td><td>2,153</td><td>3,261</td><td>168</td><td>260,665</td><td>40,663</td><td>1,218</td><td>4,306</td><td>10,547</td><td>14,853</td><td>105</td></tr><tr><td>Feb. 14</td><td>316,328</td><td>222,832</td><td>1,170</td><td>5,315</td><td>-</td><td>334</td><td>26,341</td><td>2,150</td><td>3,306</td><td>164</td><td>261,612</td><td>38,036</td><td>1,172</td><td>4,421</td><td>11,034</td><td>15,455</td><td>53</td></tr><tr><td>Feb. 21</td><td>312,378</td><td>219,477</td><td>1,212</td><td>5,548</td><td>-</td><td>344</td><td>27,084</td><td>2,640</td><td>3,674</td><td>159</td><td>260,138</td><td>35,922</td><td>1,173</td><td>4,631</td><td>10,404</td><td>15,095</td><td>50</td></tr><tr><td>Feb. 28</td><td>298,473</td><td>206,438</td><td>1,358</td><td>5,791</td><td>1</td><td>407</td><td>28,008</td><td>1,873</td><td>3,773</td><td>163</td><td>247,812</td><td>36,653</td><td>1,139</td><td>4,516</td><td>8,326</td><td>12,842</td><td>27</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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>82,379</td><td>57,837</td><td>311</td><td>1,796</td><td>-</td><td>60</td><td>4,440</td><td>-</td><td>286</td><td>-</td><td>64,730</td><td>11,690</td><td>877</td><td>1,593</td><td>3,489</td><td>5,082</td><td>-</td></tr><tr><td>Feb. 14</td><td>85,387</td><td>60,683</td><td>453</td><td>1,658</td><td>-</td><td>59</td><td>4,297</td><td>1</td><td>347</td><td>5</td><td>67,503</td><td>11,272</td><td>855</td><td>1,778</td><td>3,979</td><td>5,757</td><td>-</td></tr><tr><td>Feb. 21</td><td>85,246</td><td>62,793</td><td>526</td><td>1,607</td><td>-</td><td>59</td><td>4,167</td><td>11</td><td>280</td><td>2</td><td>69,445</td><td>9,623</td><td>855</td><td>1,589</td><td>3,734</td><td>5,323</td><td>-</td></tr><tr><td>Feb. 28</td><td>82,702</td><td>59,575</td><td>623</td><td>1,579</td><td>1</td><td>107</td><td>3,902</td><td>11</td><td>244</td><td>13</td><td>66,055</td><td>11,130</td><td>809</td><td>1,643</td><td>3,065</td><td>4,708</td><td>-</td></tr><tr><td>Contracte 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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>235,125</td><td>164,886</td><td>598</td><td>3,387</td><td>-</td><td>272</td><td>21,496</td><td>2,153</td><td>2,975</td><td>168</td><td>195,935</td><td>28,973</td><td>341</td><td>2,713</td><td>7,058</td><td>9,771</td><td>105</td></tr><tr><td>Feb. 14</td><td>230,941</td><td>162,149</td><td>717</td><td>3,657</td><td>-</td><td>275</td><td>22,044</td><td>2,149</td><td>2,959</td><td>159</td><td>194,109</td><td>26,704</td><td>317</td><td>2,643</td><td>1,055</td><td>9,698</td><td>53</td></tr><tr><td>Feb. 21</td><td>227,132</td><td>156,684</td><td>686</td><td>3,941</td><td>-</td><td>285</td><td>22,917</td><td>2,629</td><td>3,394</td><td>157</td><td>190,693</td><td>26,299</td><td>318</td><td>3,042</td><td>6,730</td><td>9,772</td><td>50</td></tr><tr><td>Feb. 28</td><td>215,771</td><td>146,863</td><td>735</td><td>4,212</td><td>-</td><td>300</td><td>24,106</td><td>1,862</td><td>3,529</td><td>150</td><td>181,757</td><td>25,523</td><td>330</td><td>2,873</td><td>5,261</td><td>8,134</td><td>27</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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>353,589</td><td>250,442</td><td>1,070</td><td>5,928</td><td>-</td><td>407</td><td>29,416</td><td>2,347</td><td>4,345</td><td>196</td><td>294,151</td><td>43,695</td><td>2,299</td><td>5,273</td><td>8,078</td><td>13,351</td><td>93</td></tr><tr><td>Feb. 14</td><td>353,422</td><td>251,081</td><td>985</td><td>5,587</td><td>-</td><td>417</td><td>30,551</td><td>2,381</td><td>4,446</td><td>197</td><td>295,645</td><td>40,917</td><td>2,279</td><td>5,966</td><td>8,575</td><td>14,541</td><td>40</td></tr><tr><td>Feb. 21</td><td>344,184</td><td>243,813</td><td>1,030</td><td>6,067</td><td>-</td><td>423</td><td>31,622</td><td>2,822</td><td>4,631</td><td>212</td><td>290,620</td><td>38,400</td><td>2,192</td><td>4,911</td><td>8,017</td><td>12,928</td><td>44</td></tr><tr><td>Feb. 28</td><td>326,178</td><td>227,585</td><td>1,104</td><td>6,245</td><td>1</td><td>449</td><td>31,503</td><td>1,947</td><td>4,779</td><td>201</td><td>273,814</td><td>38,756</td><td>2,052</td><td>5,112</td><td>6,431</td><td>11,543</td><td>13</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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>114,625</td><td>66,665</td><td>141</td><td>3,323</td><td>-</td><td>56</td><td>11,804</td><td>1,988</td><td>2,458</td><td>161</td><td>86,596</td><td>19,335</td><td>2,060</td><td>1,560</td><td>4,992</td><td>6,552</td><td>82</td></tr><tr><td>Feb. 14</td><td>113,046</td><td>64,223</td><td>141</td><td>3,091</td><td>-</td><td>56</td><td>12,241</td><td>2,019</td><td>2,508</td><td>161</td><td>84,440</td><td>18,714</td><td>2,023</td><td>2,564</td><td>5,273</td><td>7,837</td><td>32</td></tr><tr><td>Feb. 21</td><td>105,966</td><td>58,013</td><td>137</td><td>3,547</td><td>-</td><td>56</td><td>11,849</td><td>2,416</td><td>2,903</td><td>155</td><td>79,076</td><td>18,215</td><td>1,936</td><td>1,564</td><td>5,138</td><td>6,702</td><td>37</td></tr><tr><td>Feb. 28</td><td>101,051</td><td>53,177</td><td>150</td><td>3,624</td><td>-</td><td>71</td><td>12,176</td><td>1,653</td><td>3,077</td><td>153</td><td>74,081</td><td>18,393</td><td>1,813</td><td>2,062</td><td>4,702</td><td>6,764</td><td>-</td></tr><tr><td>Contracte 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><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 7</td><td>238,964</td><td>183,777</td><td>929</td><td>2,605</td><td>-</td><td>351</td><td>17,612</td><td>359</td><td>1,887</td><td>35</td><td>207,555</td><td>24,360</td><td>239</td><td>3,713</td><td>3,086</td><td>6,799</td><td>12</td></tr><tr><td>Feb. 14</td><td>240,376</td><td>186,858</td><td>844</td><td>2,496</td><td>-</td><td>361</td><td>18,310</td><td>362</td><td>1,938</td><td>36</td><td>211,205</td><td>22,203</td><td>256</td><td>3,402</td><td>3,302</td><td>6,704</td><td>8</td></tr><tr><td>Feb. 21</td><td>238,218</td><td>185,800</td><td>893</td><td>2,520</td><td>-</td><td>367</td><td>19,773</td><td>406</td><td>1,728</td><td>57</td><td>211,544</td><td>20,185</td><td>256</td><td>3,347</td><td>2,879</td><td>6,226</td><td>7</td></tr><tr><td>Feb. 28</td><td>225,127</td><td>174,408</td><td>954</td><td>2,621</td><td>1</td><td>378</td><td>19,327</td><td>294</td><td>1,702</td><td>48</td><td>199,733</td><td>20,363</td><td>239</td><td>3,050</td><td>1,729</td><td>4,779</td><td>13</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for February 1940
(In thousands of dollars)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="14">Currency of-</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Feb. 7</td><td>-20,911</td><td>-11,794</td><td>68</td><td>-1,292</td><td>-84</td><td>-466</td><td>-2,637</td><td>-154</td><td>-744</td><td>-635</td><td>-17,738</td><td>1,432</td><td>-457</td><td>-3,005</td><td>-1,211</td><td>-1,216</td><td>68</td></tr><tr><td>Feb. 14</td><td>-20,249</td><td>-10,514</td><td>454</td><td>-1,140</td><td>-100</td><td>-447</td><td>-2,927</td><td>-135</td><td>-1,083</td><td>-644</td><td>-16,536</td><td>1,431</td><td>-659</td><td>-2,892</td><td>-1,631</td><td>-1,523</td><td>38</td></tr><tr><td>Feb. 21</td><td>-19,622</td><td>-10,550</td><td>347</td><td>-1,139</td><td>-90</td><td>-403</td><td>-2,575</td><td>-193</td><td>-671</td><td>-778</td><td>-16,052</td><td>1,217</td><td>-520</td><td>-2,900</td><td>-1,448</td><td>-1,348</td><td>81</td></tr><tr><td>Feb. 28</td><td>-20,018</td><td>-9,943</td><td>21</td><td>-1,192</td><td>-83</td><td>-383</td><td>-3,473</td><td>-141</td><td>-618</td><td>-760</td><td>-16,572</td><td>1,309</td><td>-589</td><td>-2,911</td><td>-1,253</td><td>-1,164</td><td>-2</td></tr></table>
OTHER
MONETARY
STATISTICS
—53—
54
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>341.9</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>1,591.6</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>1939</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1939-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><tr><td>Oct.</td><td>17,091.1</td><td>14,908.4</td><td>156.0</td><td>1,800.0</td><td>226.7</td></tr><tr><td>Nov.</td><td>17,358.3</td><td>15,045.9</td><td>156.0</td><td>1,800.0</td><td>356.4</td></tr><tr><td>Dec.</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1940-Jan.</td><td>17,931.0</td><td>15,630.6</td><td>156.0</td><td>1,800.0</td><td>341.4</td></tr><tr><td>Feb.</td><td>18,177.5</td><td>15,881.5</td><td>156.0</td><td>1,800.0</td><td>340.0</td></tr><tr><td>Mar.</td><td>18,432.8</td><td>16,143.8</td><td>156.0</td><td>1,800.0</td><td>333.0</td></tr><tr><td>Apr.</td><td>18,769.9</td><td>16,495.2</td><td>156.0</td><td>1,800.0</td><td>318.7</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 $1,167,122 Treasury notes of 1890 outstanding.
3/ Does not include gold in active portion of 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-lande</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 Ielande</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>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>1939</td><td>1,826.4</td><td>3.6</td><td>341.5</td><td>86.9</td><td>613.0</td><td>33.7</td><td>165.4</td><td>165.2</td><td>53.0</td><td>74.3</td><td>35.5</td><td>23.1</td><td>10.3</td><td>5.3</td><td>26.3</td><td>110.3</td><td>3,573.8</td></tr><tr><td>1939-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><tr><td>Oct.</td><td>10.2</td><td>-</td><td>3.0</td><td>-</td><td>9.9</td><td>1.8</td><td>12.5</td><td>-</td><td>2.7</td><td>8.4</td><td>3.2</td><td>-</td><td>1.0</td><td>.8</td><td>4.1</td><td>12.1</td><td>69.7</td></tr><tr><td>Nov.</td><td>18.6</td><td>-</td><td>8.8</td><td>3.0</td><td>65.1</td><td>3.4</td><td>9.5</td><td>-</td><td>12.1</td><td>12.5</td><td>2.6</td><td>2.1</td><td>.7</td><td>.2</td><td>2.7</td><td>26.7</td><td>168.0</td></tr><tr><td>Dec.</td><td>10.4</td><td>-</td><td>31.3</td><td>5.1</td><td>308.8</td><td>4.0</td><td>20.1</td><td>-</td><td>7.6</td><td>6.5</td><td>2.6</td><td>2.1</td><td>1.2</td><td>.4</td><td>3.0</td><td>47.8</td><td>450.9</td></tr><tr><td>1940-Jan.</td><td>23.9</td><td>-</td><td>30.4</td><td>1.2</td><td>52.7</td><td>2.6</td><td>37.7</td><td>-</td><td>9.7</td><td>6.2</td><td>3.4</td><td>-</td><td>1.3</td><td>.4</td><td>5.5</td><td>61.4</td><td>236.4</td></tr><tr><td>Feb.</td><td>21.3</td><td>-</td><td>16.2</td><td>13.9</td><td>46.9</td><td>2.0</td><td>4.9</td><td>1.0</td><td>6.8</td><td>.2</td><td>1.9</td><td>-</td><td>.7</td><td>1.5</td><td>1.0</td><td>79.1</td><td>197.4</td></tr><tr><td>Mar.</td><td>35.3</td><td>-</td><td>.3</td><td>28.9</td><td>249.9</td><td>2.2</td><td>5.8</td><td>-</td><td>11.8</td><td>7.4</td><td>4.1</td><td>2.1</td><td>.7</td><td>.4</td><td>3.1</td><td>107.8</td><td>459.8</td></tr><tr><td>Apr.</td><td>43.6</td><td>-</td><td>3.3</td><td>32.6</td><td>55.0</td><td>2.4</td><td>4.7</td><td>-</td><td>3.1</td><td>3.4</td><td>3.4</td><td>2.1</td><td>1.2</td><td>.5</td><td>1.7</td><td>92.9</td><td>249.9</td></tr></table>
1/ Including Hong Kong.
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 ($35 per fine ounce)</th><th>Silver ($.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>1939-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>3,709.8</td><td>18.0</td></tr><tr><td>Oct.</td><td>17,091.4</td><td>3,733.7</td><td>17.9</td></tr><tr><td>Nov.</td><td>17,358.5</td><td>3,762.0</td><td>17.8</td></tr><tr><td>Dec.</td><td>17,643.6</td><td>3,790.2</td><td>17.7</td></tr><tr><td>1940-Jan.</td><td>17,931.0</td><td>3,817.6</td><td>17.6</td></tr><tr><td>Feb.</td><td>18,177.0</td><td>3,850.7</td><td>17.5</td></tr><tr><td>Mar.</td><td>18,433.1</td><td>3,873.1</td><td>17.4</td></tr><tr><td>Apr.</td><td>18,769.9</td><td>3,895.9</td><td>17.2</td></tr></table>
Preliminary
MONETARY STOCKS OF GOLD AND SILVER IN U.S.
Gold per Ounce $35.00; Silver per Ounce $1.29
55
56
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>Subsidiary coin 2/</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Subsidiary coin 2/</th><th>Bullion for recoinage 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>-.2</td><td>428.5</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>1939</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1939-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>373.5</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>3.7</td><td>-</td><td>605.0</td><td>46.2</td><td>382.8</td><td>3,709.8</td></tr><tr><td>Oct.</td><td>1,277.8</td><td>500.7</td><td>4.8</td><td>.1</td><td>608.1</td><td>46.4</td><td>384.8</td><td>3,733.7</td></tr><tr><td>Nov.</td><td>1,287.6</td><td>500.1</td><td>4.9</td><td>.1</td><td>612.4</td><td>46.9</td><td>389.5</td><td>3,762.0</td></tr><tr><td>Dec.</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940-Jan.</td><td>1,308.3</td><td>499.0</td><td>6.6</td><td>.1</td><td>621.8</td><td>48.0</td><td>393.5</td><td>3,817.6</td></tr><tr><td>Feb.</td><td>1,318.3</td><td>498.9</td><td>7.7</td><td>.2</td><td>627.9</td><td>48.2</td><td>393.2</td><td>3,850.7</td></tr><tr><td>Mar.</td><td>1,329.2</td><td>498.7</td><td>7.2</td><td>.5</td><td>631.6</td><td>48.4</td><td>393.5</td><td>3,873.1</td></tr><tr><td>Apr.*</td><td>1,339.2</td><td>498.7</td><td>6.7</td><td>.7</td><td>636.7</td><td>48.4</td><td>393.5</td><td>3,895.9</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
(Ia millions)
<table><tr><th>Calendar year or month</th><th colspan="2">Newly mined domestic 1/</th><th colspan="2">National- ized 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- cee</th><th>Dol- lars</th><th>Unc- cee</th><th>Dol- lars</th><th>Unc- cee</th><th>Dol- lare</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>.4</td><td>.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>1939....</td><td>60.7</td><td>39.9</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td><td>343.3</td><td>160.4</td></tr><tr><td>1939-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>13.8</td><td>38.0</td><td>17.5</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>7.7</td><td>20.8</td><td>9.7</td></tr><tr><td>Oct.</td><td>7.2</td><td>4.8</td><td>-</td><td>-</td><td>11.4</td><td>4.9</td><td>18.6</td><td>9.7</td></tr><tr><td>Nov.</td><td>6.5</td><td>4.5</td><td>-</td><td>-</td><td>15.3</td><td>6.3</td><td>21.8</td><td>10.8</td></tr><tr><td>Dec.</td><td>5.1</td><td>3.6</td><td>-</td><td>-</td><td>16.8</td><td>6.8</td><td>21.9</td><td>10.4</td></tr><tr><td>1940-Jan.</td><td>7.3</td><td>5.2</td><td>-</td><td>-</td><td>14.0</td><td>5.7</td><td>21.3</td><td>10.9</td></tr><tr><td>Feb.</td><td>4.5</td><td>3.2</td><td>-</td><td>-</td><td>20.9</td><td>7.8</td><td>25.4</td><td>11.0</td></tr><tr><td>Mar.</td><td>5.6</td><td>4.0</td><td>-</td><td>-</td><td>11.8</td><td>4.4</td><td>17.4</td><td>8.4</td></tr><tr><td>Apr.</td><td>4.5</td><td>3.2</td><td>-</td><td>-</td><td>17.4</td><td>6.3</td><td>21.9</td><td>9.5</td></tr></table>
1/ Acquired at 64.04* cents per fine ounce until April 9, 1935; at 71.11* cents per fine ounce from that date until April 23, 1935; at 77.57* 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>17,505</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>77,404</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>61,689</td><td>23,826</td><td>81,019</td><td>20,424</td><td>16,153</td><td>22,630</td><td>15,043</td><td>13,115</td><td>5,947</td><td>2,406</td><td>5,661</td><td>267,913</td></tr><tr><td>1939.</td><td>57,808</td><td>23,614</td><td>75,849</td><td>18,689</td><td>19,125</td><td>22,180</td><td>15,049</td><td>10,500*</td><td>6,175 4/</td><td>4,885</td><td>5,439</td><td>259,913</td></tr><tr><td>1939-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>1,650</td><td>1,850</td><td>1,312</td><td>875*</td><td>485</td><td>380</td><td>454</td><td>21,878</td></tr><tr><td>Aug.</td><td>4,226</td><td>2,703</td><td>6,971</td><td>1,600</td><td>1,675</td><td>1,900</td><td>1,220</td><td>875*</td><td>480</td><td>500</td><td>472</td><td>22,522</td></tr><tr><td>Sept.</td><td>5,145</td><td>2,679</td><td>6,857</td><td>1,670</td><td>1,700</td><td>1,900</td><td>1,443</td><td>875*</td><td>475</td><td>425</td><td>465</td><td>23,634</td></tr><tr><td>Oct.</td><td>4,874</td><td>2,913</td><td>7,931</td><td>1,450</td><td>1,700</td><td>1,900</td><td>1,388</td><td>875*</td><td>470</td><td>450</td><td>475</td><td>24,426</td></tr><tr><td>Nov.</td><td>5,113</td><td>1,898</td><td>6,539</td><td>1,350</td><td>1,700</td><td>1,900</td><td>1,370</td><td>875*</td><td>475</td><td>450</td><td>523</td><td>22,193</td></tr><tr><td>Dec.</td><td>5,716</td><td>1,920</td><td>6,210</td><td>1,350</td><td>1,700</td><td>1,900</td><td>1,350</td><td>875*</td><td>480</td><td>450</td><td>543</td><td>22,494</td></tr><tr><td>1940-Jan.</td><td>4,852</td><td>1,483</td><td>8,128</td><td>1,550</td><td>1,750</td><td>1,900</td><td>1,350</td><td>875*</td><td>480</td><td>400</td><td>539</td><td>23,307</td></tr><tr><td>Feb.</td><td>5,611</td><td>1,670</td><td>6,785</td><td>1,250</td><td>1,775</td><td>1,900</td><td>5/</td><td>875*</td><td>5/</td><td>375</td><td>507</td><td>5/</td></tr><tr><td>Mar.</td><td>5,744</td><td>5/</td><td>5/</td><td>1,350</td><td>1,775</td><td>1,900</td><td>5/</td><td>875*</td><td>5/</td><td>375</td><td>527</td><td>5/</td></tr></table>
1/ Annual Report of the Director of the Mint for annual figures through 1938. Releases of American Bureau of Metal Statistics for monthly figures, and 1939 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.
57
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>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 1/</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>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>31,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>1939-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>68</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><tr><td>Oct.</td><td>-1,430</td><td>-97</td><td>503</td><td>2,607</td><td>3</td><td>134</td><td>597</td><td>284</td></tr><tr><td>Nov.</td><td>-135</td><td>-157</td><td>596</td><td>2,382</td><td>7</td><td>-3</td><td>344</td><td>336</td></tr><tr><td>Dec.</td><td>-90</td><td>-409</td><td>508</td><td>2,263</td><td>-</td><td>71</td><td>447</td><td>135</td></tr><tr><td>1940-Jan.</td><td>14</td><td>-105</td><td>751</td><td>2,539</td><td>4</td><td>-5</td><td>400</td><td>523</td></tr><tr><td>Feb.</td><td>3</td><td>-134</td><td>647</td><td>2,322</td><td>-</td><td>11</td><td>467</td><td>174</td></tr><tr><td>Mar.</td><td>-</td><td>-475</td><td>309</td><td>2,556</td><td>4</td><td>202</td><td>612</td><td>221</td></tr><tr><td>Apr.</td><td>209</td><td>-424</td><td>634</td><td>2,453</td><td>3</td><td>149</td><td>627</td><td>158</td></tr></table>
<table><tr><th>Calendar year and month</th><th colspan="6">Net imports from or net exports (-) to:</th><th>Total net imports or exports (-)</th></tr><tr><th></th><th>British India</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th></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 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>1939-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>149</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><tr><td>Oct.</td><td>-</td><td>-</td><td>2,404</td><td>415</td><td>87</td><td>-11</td><td>5,495</td></tr><tr><td>Nov.</td><td>-</td><td>-</td><td>-</td><td>155</td><td>75</td><td>95</td><td>3,696</td></tr><tr><td>Dec.</td><td>-257</td><td>-</td><td>-</td><td>127</td><td>74</td><td>40</td><td>2,908</td></tr><tr><td>1940-Jan.</td><td>-184</td><td>-</td><td>-</td><td>1,261</td><td>92</td><td>56</td><td>5,347</td></tr><tr><td>Feb.</td><td>-</td><td>-</td><td>-</td><td>170</td><td>55</td><td>59</td><td>3,773</td></tr><tr><td>Mar.</td><td>48</td><td>-</td><td>-</td><td>1,419</td><td>118</td><td>52</td><td>5,067</td></tr><tr><td>Apr.</td><td>-</td><td>-</td><td>-</td><td>504</td><td>125</td><td>139</td><td>4,576</td></tr></table>
1/ Includes net import of $12,950,000 from France.
2/ Includes net import of $9,791,000 from Slam.
Seigniorage on Silver
(In millions of dollars - on basis of daily Treasury statements)
<table><tr><th>Cumulative from Jan. 1, 1934 to end of calendar year or month</th><th>Seigniorage on silver and minor coine</th><th colspan="6">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in General Fund</th></tr><tr><th></th><th></th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Newly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th></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>773.9</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940-Jan.</td><td>92.9</td><td>48.7</td><td>87.5</td><td>6.3</td><td>533.8</td><td>34.7</td><td>711.0</td><td>961.5</td></tr><tr><td>Feb.</td><td>93.9</td><td>48.7</td><td>87.5</td><td>7.7</td><td>538.3</td><td>34.7</td><td>716.9</td><td>972.1</td></tr><tr><td>Mar.</td><td>94.7</td><td>48.7</td><td>87.5</td><td>9.5</td><td>542.3</td><td>34.7</td><td>722.7</td><td>987.6</td></tr><tr><td>Apr.</td><td>95.5</td><td>48.7</td><td>87.5</td><td>11.0</td><td>546.4</td><td>34.7</td><td>728.3</td><td>998.1</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.
58
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- lands</th><th>Switzer- 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-Dec.</td><td>59</td><td>57</td><td>40</td><td>80</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>1939-Apr.</td><td>59</td><td>57</td><td>40</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>40</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>40</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>40</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><tr><td>Oct.</td><td>59</td><td>49</td><td>34</td><td>78</td><td>69</td><td>71</td><td>28</td><td>57</td><td>10</td></tr><tr><td>Nov.</td><td>59</td><td>48</td><td>34</td><td>78</td><td>69</td><td>70</td><td>28</td><td>57</td><td>11</td></tr><tr><td>Dec.</td><td>59</td><td>48</td><td>34</td><td>78</td><td>69</td><td>70</td><td>28</td><td>57</td><td>10</td></tr><tr><td>1940-Jan.</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>10</td></tr><tr><td>Feb.</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><tr><td>Mar.</td><td>59</td><td>46</td><td>32</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>8</td></tr><tr><td>Apr.</td><td>59</td><td>43</td><td>30</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>8</td></tr></table>
1/ Average exchange rate for January 1928 = 100.
MISCELLANEOUS
— 59 —
60
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
Calendar Years 1938 and 1939, and first quarter 1940
<table><tr><th rowspan="2"></th><th colspan="13">Number of Vessels</th><th colspan="3">1940</th></tr><tr><th>Calendar Year</th><th>1938</th><th>1939</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>Jan.</th><th>Feb.</th><th>Mar.</th></tr><tr><td>Grand total</td><td>31,710</td><td>34,192</td><td>1,772</td><td>1,774</td><td>1,983</td><td>2,130</td><td>2,971</td><td>3,389</td><td>4,441</td><td>4,320</td><td>3,469</td><td>3,011</td><td>2,829</td><td>2,103</td><td>1,911</td><td>1,860</td><td>2,026</td></tr><tr><td>Cleared to Great Lakes ports</td><td>7,423</td><td>7,963</td><td>29</td><td>27</td><td>47</td><td>161</td><td>594</td><td>962</td><td>1,483</td><td>1,490</td><td>1,083</td><td>914</td><td>981</td><td>192</td><td>21</td><td>27</td><td>25</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>24,287</td><td>26,229</td><td>1,743</td><td>1,747</td><td>1,936</td><td>1,969</td><td>2,377</td><td>2,427</td><td>2,958</td><td>2,830</td><td>2,386</td><td>2,097</td><td>1,848</td><td>1,911</td><td>1,890</td><td>1,833</td><td>2,001</td></tr><tr><td>American vessels</td><td>7,335</td><td>7,822</td><td>465</td><td>467</td><td>488</td><td>595</td><td>714</td><td>816</td><td>1,061</td><td>900</td><td>797</td><td>549</td><td>478</td><td>492</td><td>530</td><td>512</td><td>557</td></tr><tr><td>Foreign vessels</td><td>16,952</td><td>18,407</td><td>1,278</td><td>1,280</td><td>1,448</td><td>1,374</td><td>1,663</td><td>1,611</td><td>1,897</td><td>1,930</td><td>1,589</td><td>1,548</td><td>1,370</td><td>1,419</td><td>1,360</td><td>1,321</td><td>1,444</td></tr><tr><td>Belgium</td><td>81</td><td>102</td><td>9</td><td>8</td><td>8</td><td>9</td><td>7</td><td>10</td><td>9</td><td>11</td><td>8</td><td>6</td><td>8</td><td>9</td><td>6</td><td>6</td><td>17</td></tr><tr><td>British</td><td>9,052</td><td>9,954</td><td>689</td><td>681</td><td>735</td><td>691</td><td>897</td><td>883</td><td>1,162</td><td>1,176</td><td>913</td><td>821</td><td>640</td><td>666</td><td>662</td><td>632</td><td>706</td></tr><tr><td>Danish</td><td>520</td><td>604</td><td>41</td><td>40</td><td>43</td><td>52</td><td>57</td><td>56</td><td>52</td><td>45</td><td>56</td><td>55</td><td>55</td><td>52</td><td>48</td><td>48</td><td>40</td></tr><tr><td>Dutch</td><td>525</td><td>653</td><td>42</td><td>50</td><td>55</td><td>51</td><td>56</td><td>57</td><td>59</td><td>51</td><td>58</td><td>51</td><td>57</td><td>66</td><td>59</td><td>44</td><td>57</td></tr><tr><td>Hinle</td><td>45</td><td>85</td><td>4</td><td>2</td><td>9</td><td>3</td><td>7</td><td>3</td><td>5</td><td>7</td><td>5</td><td>7</td><td>18</td><td>15</td><td>14</td><td>14</td><td>12</td></tr><tr><td>French</td><td>322</td><td>285</td><td>22</td><td>29</td><td>29</td><td>26</td><td>29</td><td>25</td><td>28</td><td>33</td><td>18</td><td>12</td><td>14</td><td>20</td><td>20</td><td>19</td><td>19</td></tr><tr><td>German</td><td>566</td><td>334</td><td>41</td><td>38</td><td>44</td><td>53</td><td>46</td><td>34</td><td>33</td><td>45</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Greek</td><td>168</td><td>247</td><td>10</td><td>16</td><td>25</td><td>12</td><td>19</td><td>14</td><td>9</td><td>19</td><td>23</td><td>40</td><td>33</td><td>27</td><td>28</td><td>33</td><td>23</td></tr><tr><td>Honduran</td><td>639</td><td>699</td><td>49</td><td>41</td><td>56</td><td>47</td><td>64</td><td>66</td><td>72</td><td>69</td><td>66</td><td>57</td><td>52</td><td>60</td><td>54</td><td>56</td><td>69</td></tr><tr><td>Italian</td><td>304</td><td>278</td><td>21</td><td>25</td><td>21</td><td>22</td><td>26</td><td>24</td><td>26</td><td>19</td><td>22</td><td>22</td><td>27</td><td>23</td><td>25</td><td>31</td><td>27</td></tr><tr><td>Japanese</td><td>679</td><td>793</td><td>64</td><td>47</td><td>73</td><td>70</td><td>72</td><td>67</td><td>58</td><td>70</td><td>67</td><td>67</td><td>65</td><td>74</td><td>76</td><td>47</td><td>53</td></tr><tr><td>Nicaraguan</td><td>84</td><td>149</td><td>5</td><td>9</td><td>12</td><td>14</td><td>16</td><td>13</td><td>14</td><td>14</td><td>13</td><td>14</td><td>12</td><td>13</td><td>9</td><td>4</td><td>1</td></tr><tr><td>Norwegian</td><td>2,858</td><td>2,744</td><td>190</td><td>195</td><td>229</td><td>214</td><td>241</td><td>247</td><td>241</td><td>250</td><td>218</td><td>242</td><td>230</td><td>247</td><td>225</td><td>233</td><td>200</td></tr><tr><td>Panamanian</td><td>403</td><td>580</td><td>28</td><td>35</td><td>45</td><td>39</td><td>62</td><td>45</td><td>57</td><td>56</td><td>48</td><td>60</td><td>58</td><td>47</td><td>41</td><td>59</td><td>57</td></tr><tr><td>Swedish</td><td>386</td><td>467</td><td>38</td><td>33</td><td>33</td><td>39</td><td>37</td><td>35</td><td>33</td><td>36</td><td>49</td><td>46</td><td>50</td><td>38</td><td>26</td><td>40</td><td>32</td></tr><tr><td>Other flags</td><td>320</td><td>433</td><td>25</td><td>31</td><td>31</td><td>32</td><td>28</td><td>32</td><td>39</td><td>29</td><td>25</td><td>48</td><td>51</td><td>62</td><td>67</td><td>55</td><td>68</td></tr></table>
Net Registered Tonnage (in thousands)
<table><tr><th></th><th colspan="2">Calendar Year</th><th colspan="11">1939</th><th colspan="3">1940</th></tr><tr><th></th><th>1938</th><th>1939</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>Jan.</th><th>Feb.</th><th>Mar.</th></tr><tr><td>Grand total</td><td>71,286</td><td>70,306</td><td>4,671</td><td>4,740</td><td>5,424</td><td>5,219</td><td>6,251</td><td>6,664</td><td>7,168</td><td>7,284</td><td>6,303</td><td>5,976</td><td>6,071</td><td>4,537</td><td>4,362</td><td>4,250</td><td>4,597</td></tr><tr><td>Cleared to Great Lakes ports</td><td>12,181</td><td>12,030</td><td>95</td><td>91</td><td>102</td><td>316</td><td>918</td><td>1,458</td><td>1,691</td><td>1,640</td><td>1,640</td><td>1,714</td><td>2,025</td><td>341</td><td>65</td><td>87</td><td>81</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>59,105</td><td>58,276</td><td>4,576</td><td>4,649</td><td>5,322</td><td>4,903</td><td>5,333</td><td>5,206</td><td>5,477</td><td>5,644</td><td>4,663</td><td>4,262</td><td>4,046</td><td>4,196</td><td>4,297</td><td>4,163</td><td>4,516</td></tr><tr><td>American vessels</td><td>15,560</td><td>14,869</td><td>1,132</td><td>1,132</td><td>1,256</td><td>1,172</td><td>1,217</td><td>1,302</td><td>1,403</td><td>1,337</td><td>1,391</td><td>1,315</td><td>1,068</td><td>1,145</td><td>1,322</td><td>1,240</td><td>1,399</td></tr><tr><td>Foreign vessels</td><td>43,545</td><td>43,407</td><td>3,444</td><td>3,517</td><td>4,066</td><td>3,731</td><td>4,116</td><td>3,904</td><td>4,074</td><td>4,307</td><td>3,272</td><td>2,947</td><td>2,978</td><td>3,051</td><td>2,975</td><td>2,923</td><td>3,117</td></tr><tr><td>Belgium</td><td>289</td><td>371</td><td>34</td><td>28</td><td>26</td><td>33</td><td>26</td><td>36</td><td>36</td><td>41</td><td>32</td><td>22</td><td>26</td><td>32</td><td>22</td><td>22</td><td>68</td></tr><tr><td>British</td><td>16,147</td><td>14,904</td><td>1,302</td><td>1,315</td><td>1,490</td><td>1,379</td><td>1,408</td><td>1,370</td><td>1,522</td><td>1,580</td><td>1,152</td><td>790</td><td>774</td><td>822</td><td>858</td><td>827</td><td>914</td></tr><tr><td>Danish</td><td>1,324</td><td>1,480</td><td>110</td><td>106</td><td>109</td><td>119</td><td>149</td><td>137</td><td>125</td><td>117</td><td>128</td><td>122</td><td>128</td><td>131</td><td>97</td><td>112</td><td>94</td></tr><tr><td>Dutch</td><td>2,449</td><td>2,968</td><td>244</td><td>238</td><td>302</td><td>234</td><td>230</td><td>259</td><td>285</td><td>238</td><td>274</td><td>178</td><td>243</td><td>242</td><td>291</td><td>225</td><td>243</td></tr><tr><td>Finnish</td><td>95</td><td>137</td><td>6</td><td>3</td><td>13</td><td>4</td><td>11</td><td>4</td><td>9</td><td>14</td><td>6</td><td>13</td><td>34</td><td>22</td><td>23</td><td>24</td><td>22</td></tr><tr><td>French</td><td>2,350</td><td>1,922</td><td>136</td><td>203</td><td>253</td><td>162</td><td>247</td><td>213</td><td>194</td><td>283</td><td>89</td><td>38</td><td>36</td><td>67</td><td>65</td><td>63</td><td>74</td></tr><tr><td>German</td><td>3,577</td><td>2,141</td><td>221</td><td>242</td><td>265</td><td>312</td><td>280</td><td>250</td><td>234</td><td>337</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Greek</td><td>528</td><td>833</td><td>34</td><td>48</td><td>76</td><td>39</td><td>59</td><td>52</td><td>37</td><td>66</td><td>80</td><td>131</td><td>122</td><td>89</td><td>88</td><td>99</td><td>69</td></tr><tr><td>Honduran</td><td>946</td><td>914</td><td>77</td><td>61</td><td>76</td><td>67</td><td>83</td><td>87</td><td>92</td><td>86</td><td>76</td><td>70</td><td>68</td><td>72</td><td>77</td><td>84</td><td>90</td></tr><tr><td>Italian</td><td>2,116</td><td>1,982</td><td>151</td><td>187</td><td>151</td><td>176</td><td>158</td><td>181</td><td>194</td><td>170</td><td>157</td><td>149</td><td>159</td><td>149</td><td>134</td><td>178</td><td>175</td></tr><tr><td>Japanese</td><td>3,183</td><td>3,839</td><td>296</td><td>231</td><td>331</td><td>316</td><td>370</td><td>315</td><td>292</td><td>347</td><td>340</td><td>333</td><td>313</td><td>356</td><td>375</td><td>233</td><td>246</td></tr><tr><td>Nicaraguan</td><td>27</td><td>65</td><td>1</td><td>3</td><td>5</td><td>5</td><td>7</td><td>5</td><td>7</td><td>7</td><td>6</td><td>7</td><td>6</td><td>7</td><td>6</td><td>2</td><td>1</td></tr><tr><td>Norwegian</td><td>7,181</td><td>7,417</td><td>546</td><td>566</td><td>643</td><td>586</td><td>647</td><td>671</td><td>608</td><td>607</td><td>576</td><td>655</td><td>635</td><td>679</td><td>588</td><td>609</td><td>664</td></tr><tr><td>Panamanian</td><td>1,375</td><td>2,097</td><td>72</td><td>128</td><td>138</td><td>130</td><td>262</td><td>174</td><td>241</td><td>231</td><td>157</td><td>217</td><td>200</td><td>148</td><td>139</td><td>224</td><td>222</td></tr><tr><td>Swedish</td><td>1,299</td><td>1,454</td><td>152</td><td>97</td><td>104</td><td>123</td><td>132</td><td>96</td><td>127</td><td>121</td><td>148</td><td>128</td><td>123</td><td>104</td><td>81</td><td>98</td><td>100</td></tr><tr><td>Other flags</td><td>659</td><td>883</td><td>62</td><td>61</td><td>84</td><td>46</td><td>47</td><td>54</td><td>71</td><td>62</td><td>51</td><td>94</td><td>111</td><td>131</td><td>131</td><td>123</td><td>135</td></tr></table>
6i
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas to April 27, 1940</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>35,215</td></tr><tr><td>Cattle weighing 700 pounds or more each, other than dairy cows:</td><td></td><td></td><td></td><td></td></tr><tr><td>From Canada.</td><td>Quarter year from Jan. 1, 1940</td><td>Head</td><td>51,720</td><td>13,146</td></tr><tr><td>From other countries.</td><td>Quarter year from Jan. 1, 1940</td><td>Head</td><td>8,280</td><td>(Tariff rate quota filled)</td></tr><tr><td>Whole milk, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>3,000,000</td><td>2,311</td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>212</td></tr><tr><td>Fish, fresh or frozen, filleted, etc., Cod, Haddock, Hake, Pollock, Cusk and Rosefish.</td><td>Calendar year</td><td>Pound</td><td>15,000,000</td><td>3,058,678</td></tr><tr><td>White or Irish potatoes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Certified seed.</td><td>12 months from Sept. 15, 1939</td><td>Pound</td><td>90,000,000</td><td>68,192,495</td></tr><tr><td>Other.</td><td>12 months from Sept. 15, 1939</td><td>Pound</td><td>60,000,000</td><td>18,788,586</td></tr><tr><td>Silver or black fox fur units:</td><td></td><td></td><td></td><td></td></tr><tr><td>From Canada.</td><td>12 months from Dec. 1, 1939</td><td>Unit</td><td>58,300</td><td>(Import quota filled)</td></tr><tr><td>From other countries.</td><td>March, 1940</td><td>Unit</td><td>7,141</td><td>(Import quota filled)</td></tr><tr><td>Cuban filler tobacco, unstemmed or stemmed, and scrap tobacco.</td><td>Calendar year</td><td>Pound (unstemmed equivalent)</td><td>22,000,000</td><td>5,955,936</td></tr><tr><td>Molasses and sugar syrups, containing soluble nonsugar solids equal to more than 6% of total soluble solids.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oil:</td><td></td><td></td><td></td><td></td></tr><tr><td>From Venezuela.</td><td>Calendar year</td><td>Gallon</td><td>1,869,014,616</td><td>390,728,891</td></tr><tr><td>From Netherlands and Netherlands Indies.</td><td>Calendar year</td><td>Gallon</td><td>527,691,192</td><td>266,251,804</td></tr><tr><td>From Colombia.</td><td>Calendar year</td><td>Gallon</td><td>103,978,560</td><td>7,655,677</td></tr><tr><td>From other countries.</td><td>Calendar year</td><td>Gallon</td><td>98,779,632</td><td>(Tariff rate quota filled)</td></tr><tr><td>Products of Philippine Islands:</td><td></td><td></td><td></td><td></td></tr><tr><td>Coconut oil.</td><td>Calendar year</td><td>Pound</td><td>448,000,000</td><td>129,171,336</td></
62
Summary of Criminal Cases in the United States District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal Revenue 1/ for the month of March 1940
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>20,219</td><td>3,062</td><td>3,237</td><td>20,044</td><td>-175</td></tr><tr><td>Alcohol Tax.</td><td>16,176</td><td>2,255</td><td>2,344</td><td>16,087</td><td>- 89</td></tr><tr><td>Customs.....</td><td>243</td><td>58</td><td>35</td><td>266</td><td>+ 23</td></tr><tr><td>Narcotics...</td><td>2,427</td><td>428</td><td>538</td><td>2,317</td><td>-110</td></tr><tr><td>Secret Services...</td><td>947</td><td>296</td><td>289</td><td>954</td><td>+ 7</td></tr><tr><td>Internal Revenue...</td><td>426</td><td>25</td><td>31</td><td>420</td><td>- 6</td></tr></table>
DISPOSITIONS
<table><tr><th>Bureau</th><th>Number cases closed</th><th>Number cases transferred 2/</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>Acquittale</th><th>Total</th><th>Found guilty</th><th>Plead guilty</th><th>Total</th></tr><tr><td>Total......</td><td>3,237</td><td>198</td><td>18%</td><td>7%</td><td>4%</td><td>29%</td><td>6%</td><td>65%</td><td>71%</td></tr><tr><td>Alcohol Tax.</td><td>2,344</td><td>140</td><td>22%</td><td>5%</td><td>4%</td><td>32%</td><td>6%</td><td>62%</td><td>68%</td></tr><tr><td>Customs 3/.</td><td>35</td><td>-</td><td>20%</td><td>28%</td><td>6%</td><td>54%</td><td>3%</td><td>43%</td><td>46%</td></tr><tr><td>Narcotics 3/</td><td>538</td><td>41</td><td>4%</td><td>12%</td><td>1%</td><td>17%</td><td>11%</td><td>72%</td><td>83%</td></tr><tr><td>Secret</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Service 4/</td><td>289</td><td>17</td><td>5%</td><td>2%</td><td>4%</td><td>11%</td><td>4%</td><td>85%</td><td>89%</td></tr><tr><td>Internal Revenue...</td><td>31</td><td>-</td><td>32%</td><td>20%</td><td>-</td><td>52%</td><td>13%</td><td>35%</td><td>48%</td></tr></table>
SENTENCES
<table><tr><th>Bureau</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prohibited</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>Total</td><td>2,051</td><td>56%</td><td>43%</td><td>24%</td><td>422</td><td>311</td><td>153,776</td></tr><tr><td>Alcohol</td><td></td><td>52%</td><td>47%</td><td>24%</td><td>298</td><td>310</td><td>110,295</td></tr><tr><td>Tax 5/</td><td>1,497</td><td>38%</td><td>63%</td><td>19%</td><td>309</td><td>293</td><td>880</td></tr><tr><td>Customs</td><td>16</td><td>75%</td><td>36%</td><td>21%</td><td>721</td><td>137</td><td>8,358</td></tr><tr><td>Narcotice</td><td>292</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Secret Service</td><td>231</td><td>66%</td><td>44%</td><td>26%</td><td>613</td><td>152</td><td>9,291</td></tr><tr><td>Internal Revenue</td><td>15</td><td>20%</td><td>47%</td><td>93%</td><td>1,034</td><td>1,782</td><td>24,952</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/ Cases disposed of by luncacy hearings not included in calculating percentages.
5/ Percent probated based on cases in which a suspended or probationary sentence only was imposed.
Treasury Criminal Cases, by Months
Total Alcohol Tax, Customs, Narcotics, Secret Service, Internal Revenue
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-Oct..</td><td>23,071</td><td>3,193</td><td>4,611</td><td>21,653</td><td>-1,418</td></tr><tr><td>Nov..</td><td>21,653</td><td>2,796</td><td>4,218</td><td>20,231</td><td>-1,422</td></tr><tr><td>Dec..</td><td>20,231</td><td>2,740</td><td>3,059</td><td>19,912</td><td>-319</td></tr><tr><td>1940-Jan..</td><td>19,912</td><td>3,100</td><td>3,228</td><td>19,784</td><td>-128</td></tr><tr><td>Feb..</td><td>19,784</td><td>2,730</td><td>2,295</td><td>20,219</td><td>+435</td></tr><tr><td>Mar..</td><td>20,219</td><td>3,062</td><td>3,237</td><td>20,044</td><td>-175</td></tr></table>
DISPOSITIONS 2/
<table><tr><th rowspan="2">Date</th><th rowspan="2">Number cases closed</th><th rowspan="2">Number cases transferred 3/</th><th colspan="3">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th>Before indict.</th><th>After indict.</th><th>Acquittals</th><th>Total</th><th>Found guilty</th><th>Plead guilty</th><th>Total</th></tr><tr><td>1939-Oct.</td><td>4,611</td><td>218</td><td>17%</td><td>7%</td><td>3%</td><td>27%</td><td>8%</td><td>65%</td><td>73%</td></tr><tr><td>Nov.</td><td>4,218</td><td>232</td><td>14%</td><td>7%</td><td>3%</td><td>24%</td><td>8%</td><td>68%</td><td>76%</td></tr><tr><td>Dec.</td><td>3,059</td><td>151</td><td>14%</td><td>8%</td><td>4%</td><td>26%</td><td>9%</td><td>65%</td><td>74%</td></tr><tr><td>1940-Jan.</td><td>3,228</td><td>284</td><td>19%</td><td>10%</td><td>3%</td><td>32%</td><td>7%</td><td>61%</td><td>68%</td></tr><tr><td>Feb.</td><td>2,295</td><td>167</td><td>21%</td><td>10%</td><td>3%</td><td>34%</td><td>7%</td><td>59%</td><td>66%</td></tr><tr><td>Mar..</td><td>3,237</td><td>198</td><td>18%</td><td>7%</td><td>1%</td><td>29%</td><td>6%</td><td>65%</td><td>71%</td></tr></table>
8CHW4F01
<table><tr><th>Date</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent-probatedly</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>1939-Oct.</td><td>3,121</td><td>58%</td><td>40%</td><td>27%</td><td>422</td><td>402</td><td>345,174</td></tr><tr><td>Nov.</td><td>2,955</td><td>58%</td><td>40%</td><td>31%</td><td>325</td><td>359</td><td>332,491</td></tr><tr><td>Dec.</td><td>2,103</td><td>54%</td><td>42%</td><td>26%</td><td>361</td><td>379</td><td>206,111</td></tr><tr><td>1940-Jan.</td><td>1,924</td><td>60%</td><td>38%</td><td>28%</td><td>420</td><td>332</td><td>181,753</td></tr><tr><td>Feb.</td><td>1,352</td><td>59%</td><td>42%</td><td>25%</td><td>470</td><td>333</td><td>111,601</td></tr><tr><td>Mar.</td><td>2,051</td><td>56%</td><td>43%</td><td>24%</td><td>422</td><td>311</td><td>153,776</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 and secret service cases disposed of by lunacy hearings 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.
4/ Alcoholic tax figures based on cases in which a suspended or probationary sentence only was imposed.
Cop
<table><tr><td>Treas. HJ 10 .A2 1940 c.2</td><td colspan="2">U.S. Treasury Dept. Treasury Bulletin</td></tr><tr><td>Treas. HJ 10 .A2</td><td colspan="2">U.S. Treasury Dept.</td></tr><tr><td>AUTHOR</td><td>1940</td><td>Treasury Dept.</td></tr><tr><td>TITLE</td><td colspan="2">c.2 April - June</td></tr><tr><th>DATE LOANED</th><th>BORROWER'S NAME</th><th>PHONE NUMBER</th></tr><tr><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td></tr></table>
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