HJ 10 0.2
TREASURY DEPARTMENT LIBRARY ROOM 360
LIBRARY
00M 50:30
JUN 21 1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
JULY 1940
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
LIBRARY
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
JUN 2, 1972
TREASURY DEPARTMENT
BULLETIN OF THE TREASURY DEPARTMENT
JULY 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
Partnerships in the United States, 1936 1-5
Receipts and Expenditures
Fiscal Years 1935-40 7
Expenditures by Classes, Receipts by Sources 8-17
Social Insurance Accounts 18-19
Cash Income and Outgo 20
General Fund and Public Debt
Composition of the General Fund 23
Treasury Financing Operations 24
Holdings of Government Obligations 25
Net Market Transactions of Treasury Investment Accounts 25
Composition of the Public Debt 25
Computed Interest and Yields on Public Debt Issues 27
Government Corporations and Credit Agencies
Assets, Liabilities and Proprietary Interest 31
Sources and Uses of Funds 32-35
Issues Outstanding 36
International Capital Movements
Summary Table, 1935-39 38
Short-Term Foreign Assets and Liabilities 40-43
Security Transactions and Brokerage Balances 44-46
Transactions in U. S. Domestic Securities 47
Foreign Exchange Transactions 49-50
Other Monetary Data
Exchange Stabilization Account 52-53
Gold and Silver 54-57
Foreign Exchange 58
Miscellaneous
Vessels Cleared from the United States 60-61
Commodities Imported Under Quota 62
Law Enforcement Statistics 63
Size and Industrial Distribution of Partnerships in 1936
A classification of partnerships for the year 1936 by size of net incomes and by industrial groups is presented in the accompanying table. This information was obtained by a special tabulation of the 1936 Federal income tax returns.1 Although partnerships are not directly taxable under the Federal income tax, they are required to report annually (Form 1065) their net income and the distributive shares of their individual partners. These shares are taxable to the partners under the individual income tax.2
Hitherto only incomplete official data have been available on partnerships. Statistics on the total number of partnerships (without classification by industry or size of net income) are contained in "Statistics of Income," compiled annually by the Treasury Department on the basis of Federal income tax returns filed. In addition, information on partnerships (a) with net income of $100,000 or
more, (b) with net income under $100,- 000, and (c) with deficits for the year 1935 was submitted to committees of Congress in connection with the hearings on the Revenue Act of 1936.
Partnerships with net income
The attached tabulation reveals that of the 230,004 partnerships covered, 87 percent reported net income in 1936. For partnerships the proportion of those reporting net income is more than twice as large as in the case of corporations. In 1936 only 38 percent of the corporations reported net incomes. Comparable data are not available for all sole proprietorships, but only for those reported on tax returns of individuals who had net income of $5,000 or more from all sources in 1936. Of this group 89 percent reported a profit from business enterprise.
In interpreting the fact that a greater proportion of partnerships
The study was sponsored and directed by the Treasury Department, Division of Tax Research, and financed by funds allocated to the Treasury Department under authorisation of the Commissioner of Work Projects.
2 The partnership return of income is an informational return; no tax liability is computed from it. Every domestic partnership, and every foreign partnership doing business in the United States or receiving income from sources within the United States, was required to file a return for 1936, the term partnership being defined to include "a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this Act, a trust or estate or a corporation. . . ." (Revenue Act of 1936, section 1001 (a) (3).) The returns were submitted in original and duplicate to the several collectors of internal revenue, and unaudited duplicate copies were made available to the Income Tax Study for tabulation.
3 Hearings on the Revenue Act of 1936 before the House Committee on Ways and Means (page 428), and before the Senate Committee on Finance (page 20), 74th Congress, 2d session.
"The number of partnership returns used in the tabulation on which this analysis is based is approximately 97 percent of the number reported in 'Statistics of Income' for 1936, Part I." The data in "Statistics of Income" are based on a tally made in the field by the collectors of internal revenue from the originals of the tax returns. The omission of approximately 3 percent of the partnership returns from the present tabulation may be accounted for by (1) the failure of some partnerships to file duplicates of their returns from which the tabulation was made, and (2) the exclusion from the tabulation of those returns included in the collectors' count which, though filed in 1937, were neither for the year 1936 nor for fiscal years ending in the period July 1935 through June 1937.
5 Treasury Department, Bureau of Internal Revenue "Statistics of Income for 1936, Part 2", page 6.
1
2
than of corporations reported net income at least two factors should be noted. First, in computing net income, corporations are allowed to deduct the compensation paid to officers. Partnerships (and sole proprietors) are not permitted such a deduction. Second, the proportion of the total number of corporate returns represented by "inactive corporations" is somewhat greater than the proportion of the total number of partnership returns represented by "partnerships with no income data". Further, the deduction for interest may be less important for partnerships than for corporations.
Distribution by income classes
The heaviest concentration in the number of partnerships appears in the smaller net income and deficit classes. Two-thirds of the net income partnerships reported net income under $5,000. Less than 5 percent reported net income of $25,000 or more. Only 112 partnerships reported net income of $500,000 or more.
The concentration of net income firms in the class of less than $5,000 was paralleled by a concentration of deficit firms in the class with net deficits of less than $5,000. Of about 24,000 deficit partnerships, almost 90 percent were in that class.
Distribution by industrial groups
In 1936 two-fifths of all the partnerships were engaged in trade, chiefly retailing. Service enterprises,
including the professions, constituted the next largest group and represented 17 percent of the total. Financial enterprises comprised 11 percent and agriculture and manufacturing each approximated 8 percent of all partnerships. Among corporations, there was relatively less concentration in trade, and more in manufacturing and finance.
Partnerships with low net incomes and with small deficits were particularly numerous in some industries. In retail trade, 75 percent of those with net income reported less than $5,000 net incomes; 94 percent of those with net deficit reported less than $5,000 deficits. Similar proportions obtained in such businesses as domestic and personal service, automobile repair and garages, real estate, and farming.
In wholesale trade, in most branches of manufacturing and in the motion picture industry, partnerships tended to have an income larger than the average for all industries.
Although a partnership with a net income or a net deficit of $100,000 or more appeared in practically every major industry, most of the firms with a net income of $100,000 or over were either professional or financial in character. More than half were brokers, security dealers and law firms. Investment bankers, investment trusts, and accountants were also numerous in the higher net income groups.
Similar data for corporations and sole proprietorships are contained in "Statistics of Income".
3
Number of Partnerships in the United States Classified by Industry and by Size of Net Income or Deficit, 1936 1/
(Net income and net deficit classes in thousands of dollars)
<table><tr><th>Industry 2/</th><th colspan="3">Number of returns</th><th colspan="8">Returns by size of net income 3/</th><th colspan="8">Returns by size of net deficit 3/</th></tr><tr><th></th><th>Grand total</th><th>Net income</th><th>Net deficit</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th></tr><tr><td>Agriculture and related industries</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Farming</td><td>16,383</td><td>13,633</td><td>2,602</td><td>148</td><td>10,525</td><td>1,887</td><td>935</td><td>197</td><td>73</td><td>16</td><td>-</td><td>2,311</td><td>163</td><td>104</td><td>21</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other agriculture and related industries 4/</td><td>2,603</td><td>2,168</td><td>400</td><td>35</td><td>1,582</td><td>364</td><td>162</td><td>50</td><td>7</td><td>3</td><td>-</td><td>364</td><td>15</td><td>14</td><td>5</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total agriculture and related industries</td><td>18,986</td><td>15,801</td><td>3,002</td><td>183</td><td>12,107</td><td>2,251</td><td>1,097</td><td>247</td><td>80</td><td>19</td><td>-</td><td>2,675</td><td>178</td><td>118</td><td>26</td><td>5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mining and quarrying</td><td>7,970</td><td>3,458</td><td>1,272</td><td>3,240</td><td>2,275</td><td>492</td><td>432</td><td>158</td><td>59</td><td>41</td><td>1</td><td>959</td><td>146</td><td>103</td><td>36</td><td>25</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Manufacturing</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Food and kindred products</td><td>2,621</td><td>2,322</td><td>282</td><td>17</td><td>1,420</td><td>520</td><td>272</td><td>75</td><td>25</td><td>10</td><td>-</td><td>243</td><td>23</td><td>8</td><td>5</td><td>2</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Beverages (alcoholic and nonalcoholic)</td><td>662</td><td>595</td><td>62</td><td>5</td><td>315</td><td>126</td><td>97</td><td>41</td><td>12</td><td>3</td><td>1</td><td>55</td><td>4</td><td>1</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Tobacco and products</td><td>126</td><td>99</td><td>25</td><td>2</td><td>72</td><td>10</td><td>12</td><td>2</td><td>1</td><td>2</td><td>-</td><td>23</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Textile-mill products</td><td>858</td><td>792</td><td>86</td><td>10</td><td>360</td><td>225</td><td>134</td><td>36</td><td>23</td><td>14</td><td>-</td><td>63</td><td>8</td><td>8</td><td>5</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apparel and products made from fabrics</td><td>3,083</td><td>2,891</td><td>183</td><td>9</td><td>1,237</td><td>965</td><td>501</td><td>130</td><td>40</td><td>18</td><td>-</td><td>151</td><td>17</td><td>13</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Leather and products</td><td>398</td><td>360</td><td>35</td><td>3</td><td>181</td><td>91</td><td>57</td><td>22</td><td>6</td><td>3</td><td>-</td><td>30</td><td>4</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rubber products</td><td>98</td><td>88</td><td>9</td><td>1</td><td>52</td><td>18</td><td>14</td><td>3</td><td>-</td><td>1</td><td>-</td><td>8</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lumber and timber</td><td>995</td><td>870</td><td>115</td><td>10</td><td>485</td><td>170</td><td>141</td><td>57</td><td>10</td><td>7</td><td>-</td><td>97</td><td>9</td><td>8</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Basic products</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Furniture and finished lumber products</td><td>1,107</td><td>988</td><td>113</td><td>6</td><td>553</td><td>251</td><td>130</td><td>41</td><td>12</td><td>1</td><td>-</td><td>99</td><td>11</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Paper and allied products</td><td>210</td><td>192</td><td>18</td><td>-</td><td>78</td><td>61</td><td>40</td><td>6</td><td>4</td><td>3</td><td>-</td><td>15</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Printing and publishing industries</td><td>3,019</td><td>2,787</td><td>215</td><td>17</td><td>1,776</td><td>691</td><td>251</td><td>44</td><td>13</td><td>9</td><td>3</td><td>204</td><td>6</td><td>1</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Chemicals and allied products</td><td>650</td><td>528</td><td>102</td><td>20</td><td>315</td><td>83</td><td>82</td><td>29</td><td>14</td><td>5</td><td>-</td><td>94</td><td>5</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Petroleum and coal products</td><td>177</td><td>121</td><td>48</td><td>8</td><td>81</td><td>21</td><td>11</td><td>6</td><td>1</td><td>1</td><td>-</td><td>40</td><td>3</td><td>4</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Stone, clay and glass products</td><td>915</td><td>798</td><td>104</td><td>13</td><td>505</td><td>178</td><td>87</td><td>21</td><td>5</td><td>2</td><td>-</td><td>92</td><td>5</td><td>6</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iron, steel and products</td><td>1,184</td><td>1,070</td><td>101</td><td>13</td><td>570</td><td>253</td><td>182</td><td>41</td><td>17</td><td>7</td><td>-</td><td>83</td><td>7</td><td>8</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nonferrous metals and their products</td><td>690</td><td>637</td><td>49</td><td>4</td><td>344</td><td>179</td><td>84</td><td>26</td><td>3</td><td>1</td><td>-</td><td>43</td><td>2</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electrical machinery</td><td>225</td><td>199</td><td>24</td><td>2</td><td>104</td><td>47</td><td>28</td><td>14</td><td>3</td><td>3</td><td>-</td><td>21</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other machinery, exclusive of transportation equipment</td><td>337</td><td>294</td><td>42</td><td>1</td><td>144</td><td>69</td><td>54</td><td>14</td><td>9</td><td>4</td><td>-</td><td>37</td><td>2</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Automobiles and equipment</td><td>161</td><td>147</td><td>14</td><td>-</td><td>87</td><td>38</td><td>18</td><td>-</td><td>4</td><td>-</td><td>-</td><td>13</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other transportation equipment</td><td>110</td><td>92</td><td>17</td><td>1</td><td>68</td><td>12</td><td>10</td><td>2</td><td>-</td><td>-</td><td>-</td><td>15</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Manufacturing not elsewhere classified or not allocable to a major group</td><td>1,542</td><td>1,370</td><td>160</td><td>12</td><td>801</td><td>318</td><td>188</td><td>35</td><td>18</td><td>10</td><td>-</td><td>143</td><td>10</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total manufacturing</td><td>19,198</td><td>17,240</td><td>1,804</td><td>154</td><td>9,548</td><td>4,326</td><td>2,393</td><td>645</td><td>220</td><td>104</td><td>4</td><td>1,569</td><td>124</td><td>79</td><td>23</td><td>7</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Construction contractors and subcontractors</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Construction, general contractors</td><td>3,541</td><td>3,053</td><td>390</td><td>98</td><td>1,622</td><td>663</td><td>508</td><td>172</td><td>66</td><td>21</td><td>1</td><td>299</td><td>43</td><td>30</td><td>10</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Special trade contractors (subcontractors)</td><td>5,523</td><td>5,236</td><td>246</td><td>41</td><td>3,742</td><td>1,123</td><td>320</td><td>41</td><td>5</td><td>5</td><td>-</td><td>223</td><td>14</td><td>7</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Construction contractors and subcontractors not allocable to a major group</td><td>102</td><td>93</td><td>7</td><td>2</td><td>52</td><td>18</td><td>14</td><td>6</td><td>3</td><td>-</td><td>-</td><td>6</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total construction contractors and subcontractors</td><td>9,166</td><td>8,382</td><td>643</td><td>141</td><td>5,416</td><td>1,804</td><td>842</td><td>219</td><td>74</td><td>26</td><td>1</td><td>528</td><td>58</td><td>37</td><td>12</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Public utilities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Transportation</td><td>2,905</td><td>2,673</td><td>212</td><td>20</td><td>1,821</td><td>535</td><td>235</td><td>48</td><td>21</td><td>13</td><td>-</td><td>188</td><td>18</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Communication and other public utilities 6/</td><td>389</td><td>328</td><td>55</td><td>6</td><td>242</td><td>44</td><td>29</td><td>6</td><td>6</td><td>1</td><td>-</td><td>50</td><td>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total public utilities</td><td>3,294</td><td>3,001</td><td>267</td><td>26</td><td>2,063</td><td>579</td><td>264</td><td>54</td><td>27</td><td>14</td><td>-</td><td>238</td><td>20</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Trade</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Wholesale trade</td><td>14,697</td><td>13,370</td><td>1,234</td><td>93</td><td>6,289</td><td>3,395</td><td>2,611</td><td>710</td><td>262</td><td>98</td><td>5</td><td>1,042</td><td>99</td><td>59</td><td>23</td><td>3</td><td>8</td><td>-</td><td>-</td></tr><tr><td>Retail trade</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Department, general merchandise, and dry goods stores</td><td>8,172</td><td>7,195</td><td>953</td><td>24</td><td>5,689</td><td>985</td><td>413</td><td>77</td><td>22</td><td>9</td><td>-</td><td>877</td><td>54</td><td>18</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
(Continued on following page)
4
Number of Partnerships in the United States Classified by Industry and by Size of Net Income or Deficit, 1936 1/-(Continued)
(Yet income and net deficit classes in thousands of dollars)
<table><tr><th>Industry 2/</th><th colspan="3">Number of returns</th><th colspan="8">Returns by size of net income 1/</th><th colspan="8">Returns by size of net deficit 1/</th></tr><tr><th></th><th>Grand total</th><th>Net income</th><th>Set deficit</th><th>Net income data</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th></tr><tr><td>Retail trade (continued)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Food stores............</td><td>16,428</td><td>15,080</td><td>1,289</td><td>59</td><td>12,131</td><td>2,163</td><td>409</td><td>57</td><td>19</td><td>1</td><td>-</td><td>-</td><td>1,234</td><td>48</td><td>3</td><td>3</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Package liquor stores....</td><td>684</td><td>628</td><td>53</td><td>3</td><td>468</td><td>129</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Drug stores............</td><td>4,658</td><td>4,172</td><td>472</td><td>14</td><td>3,264</td><td>756</td><td>136</td><td>11</td><td>3</td><td>2</td><td>-</td><td>-</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wearing apparel.........</td><td>6,123</td><td>5,514</td><td>586</td><td>23</td><td>3,740</td><td>1,179</td><td>475</td><td>94</td><td>19</td><td>7</td><td>-</td><td>-</td><td>552</td><td>26</td><td>7</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home furnishings including furniture....</td><td>2,850</td><td>2,582</td><td>251</td><td>17</td><td>1,468</td><td>619</td><td>396</td><td>76</td><td>19</td><td>4</td><td>-</td><td>-</td><td>222</td><td>17</td><td>6</td><td>5</td><td>-</td><td>1</td><td>-</td></tr><tr><td>Eating and drinking places</td><td>9,808</td><td>8,987</td><td>795</td><td>26</td><td>7,191</td><td>1,427</td><td>515</td><td>46</td><td>8</td><td>-</td><td>-</td><td>-</td><td>754</td><td>28</td><td>10</td><td>3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Automotive (dealers in motor-vehicles, accessories, tires and batteries).....</td><td>4,875</td><td>4,370</td><td>471</td><td>34</td><td>2,481</td><td>1,164</td><td>605</td><td>93</td><td>25</td><td>2</td><td>-</td><td>-</td><td>427</td><td>31</td><td>12</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Filling stations........</td><td>4,430</td><td>4,214</td><td>245</td><td>21</td><td>3,722</td><td>405</td><td>77</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>237</td><td>5</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hardware stores.........</td><td>3,768</td><td>3,375</td><td>379</td><td>14</td><td>2,527</td><td>634</td><td>191</td><td>20</td><td>3</td><td>-</td><td>-</td><td>-</td><td>361</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lumber and coal yards....</td><td>3,620</td><td>3,205</td><td>382</td><td>33</td><td>2,048</td><td>632</td><td>391</td><td>59</td><td>12</td><td>3</td><td>-</td><td>-</td><td>358</td><td>13</td><td>9</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Retail trade not else-where classified or not allocable to a minor group.....</td><td>8,185</td><td>7,379</td><td>773</td><td>33</td><td>5,215</td><td>1,433</td><td>585</td><td>110</td><td>29</td><td>7</td><td>-</td><td>-</td><td>706</td><td>43</td><td>16</td><td>4</td><td>3</td><td>1</td><td>-</td></tr><tr><td>Total retail trade....</td><td>73,651</td><td>66,701</td><td>6,049</td><td>301</td><td>50,244</td><td>11,586</td><td>4,024</td><td>653</td><td>159</td><td>35</td><td>-</td><td>-</td><td>6,232</td><td>300</td><td>87</td><td>24</td><td>3</td><td>2</td><td>1</td></tr><tr><td>Wholesale and retail trade combined....</td><td>1,960</td><td>1,801</td><td>156</td><td>3</td><td>910</td><td>526</td><td>271</td><td>74</td><td>17</td><td>3</td><td>-</td><td>-</td><td>142</td><td>10</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>trade not allocable to a major group....</td><td>2,199</td><td>1,986</td><td>206</td><td>7</td><td>1,440</td><td>364</td><td>146</td><td>27</td><td>4</td><td>5</td><td>-</td><td>-</td><td>191</td><td>10</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total trade.........</td><td>92,507</td><td>83,858</td><td>8,245</td><td>404</td><td>58,883</td><td>15,871</td><td>7,052</td><td>1,464</td><td>442</td><td>141</td><td>5</td><td>-</td><td>7,607</td><td>419</td><td>155</td><td>47</td><td>6</td><td>10</td><td>1</td></tr><tr><td>Service</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Domestic and personal</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Hotels and other lodging places....</td><td>2,423</td><td>1,909</td><td>496</td><td>18</td><td>1,560</td><td>231</td><td>95</td><td>12</td><td>10</td><td>1</td><td>-</td><td>-</td><td>446</td><td>35</td><td>13</td><td>1</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Laundries, cleaning, and dyeing......</td><td>1,931</td><td>1,813</td><td>115</td><td>3</td><td>1,256</td><td>391</td><td>136</td><td>22</td><td>7</td><td>1</td><td>-</td><td>-</td><td>111</td><td>2</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Photographic studios....</td><td>430</td><td>406</td><td>20</td><td>4</td><td>282</td><td>92</td><td>30</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other domestic and personal service 1/....</td><td>4,661</td><td>4,508</td><td>140</td><td>13</td><td>3,490</td><td>627</td><td>316</td><td>62</td><td>10</td><td>3</td><td>-</td><td>-</td><td>137</td><td>2</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total domestic and personal service....</td><td>9,445</td><td>8,636</td><td>771</td><td>38</td><td>6,588</td><td>1,341</td><td>577</td><td>98</td><td>27</td><td>5</td><td>-</td><td>-</td><td>714</td><td>39</td><td>15</td><td>2</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Business</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Advertising............</td><td>563</td><td>506</td><td>56</td><td>1</td><td>306</td><td>103</td><td>77</td><td>15</td><td>3</td><td>2</td><td>-</td><td>-</td><td>53</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other business services 2/</td><td>1,234</td><td>1,135</td><td>85</td><td>14</td><td>674</td><td>271</td><td>137</td><td>33</td><td>11</td><td>9</td><td>-</td><td>-</td><td>78</td><td>5</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total business service</td><td>1,797</td><td>1,641</td><td>141</td><td>15</td><td>980</td><td>374</td><td>214</td><td>48</td><td>14</td><td>11</td><td>-</td><td>-</td><td>131</td><td>7</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Automobile repair services and garages....</td><td>5,575</td><td>5,212</td><td>340</td><td>23</td><td>4,340</td><td>737</td><td>124</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>321</td><td>14</td><td>3</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Amusement</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Motion-picture production and distribution....</td><td>55</td><td>48</td><td>7</td><td>-</td><td>24</td><td>8</td><td>11</td><td>3</td><td>1</td><td>1</td><td>-</td><td>-</td><td>6</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Motion-picture theaters....</td><td>804</td><td>714</td><td>86</td><td>4</td><td>382</td><td>171</td><td>108</td><td>37</td><td>12</td><td>4</td><td>-</td><td>-</td><td>81</td><td>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other amusement 2/.........</td><td>2,431</td><td>2,149</td><td>263</td><td>19</td><td>1,326</td><td>386</td><td>307</td><td>72</td><td>33</td><td>24</td><td>1</td><td>-</td><td>215</td><td>25</td><td>16</td><td>5</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Total amusement.........</td><td>3,290</td><td>2,911</td><td>356</td><td>23</td><td>1,732</td><td>565</td><td>426</td><td>112</td><td>46</td><td>29</td><td>1</td><td>-</td><td>302</td><td>28</td><td>19</td><td>5</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Professional and social</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Accountants, auditors, and bookkeeping services</td><td>1,422</td><td>1,384</td><td>27</td><td>11</td><td>338</td><td>408</td><td>459</td><td>99</td><td>51</td><td>24</td><td>1</td><td>4</td><td>27</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Medical and health services not elsewhere classified....</td><td>3,121</td><td>3,037</td><td>77</td><td>7</td><td>835</td><td>736</td><td>926</td><td>380</td><td>86</td><td>24</td><td>-</td><td>-</td><td>76</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Law offices and related services.....</td><td>10,662</td><td>10,321</td><td>252</td><td>89</td><td>3,637</td><td>2,350</td><td>2,464</td><td>984</td><td>514</td><td>340</td><td>26</td><td>6</td><td>239</td><td>9</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Engineering............</td><td>1,412</td><td>1,316</td><td>82</td><td>14</td><td>502</td><td>396</td><td>300</td><td>81</td><td>30</td><td>7</td><td>-</td><td>-</td><td>77</td><td>4</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Educational institutions and agencies.....</td><td>301</td><td>276</td><td>25</td><td>-</td><td>173</td><td>56</td><td>37</td><td>8</td><td>2</td><td>-</td><td>-</td><td>-</td><td>23</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Professional and social services not elsewhere classified or not allocable to a minor group....</td><td>296</td><td>281</td><td>12</td><td>3</td><td>160</td><td>58</td><td>43</td><td>11</td><td>7</td><td>2</td><td>-</td><td>-</td><td>11</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total professional and social service....</td><td>17,214</td><td>16,615</td><td>475</td><td>124</td><td>5,695</td><td>4,004</td><td>4,229</td><td>1,563</td><td>690</td><td>397</td><td>27</td><td>10</td><td>453</td><td>14</td><td>7</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Service not elsewhere classified or not allocable to a major group....</td><td>1,870</td><td>1,752</td><td>107</td><td>11</td><td>1,291</td><td>337</td><td>101</td><td>16</td><td>5</td><td>2</td><td>-</td><td>-</td><td>100</td><td>5</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total service.........</td><td>39,191</td><td>36,767</td><td>2,190</td><td>234</td><td>20,626</td><td>7,358</td><td>5,671</td><td>1,048</td><td>782</td><td>444</td><td>28</td><td>10</td><td>2,021</td><td>107</td><td>48</td><td>11</td><td>2</td><td>1</td><td>-</td></tr></table>
(Continued on following page)
5
Number of Partnerships in the United States Classified by Industry and by Size of Net Income or Deficit, 1936 1/-(Continued)
(Net income and net deficit classes in thousands of dollars)
<table><tr><th>Industry 2/</th><th colspan="3">Number of returns</th><th colspan="7">Returns by size of net income 3/</th><th colspan="8">Returns by size of net deficit 3/</th></tr><tr><th></th><th>Grand total</th><th>Net income</th><th>Net deficit</th><th>No income data</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th><th>Under 5</th><th>5-10</th><th>10-25</th><th>25-50</th><th>50-100</th><th>100-500</th><th>500-1,000</th><th>1,000 and over</th></tr><tr><td>Finance, insurance, real estate, and lessors of real property</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Banks and trust companies... Investment trust and companies.</td><td>1,66</td><td>109</td><td>46</td><td>11</td><td>70</td><td>22</td><td>8</td><td>5</td><td>1</td><td>2</td><td>1</td><td>-</td><td>34</td><td>6</td><td>2</td><td>2</td><td>-</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Brokers and security dealers.</td><td>1,387</td><td>1,150</td><td>195</td><td>42</td><td>637</td><td>175</td><td>187</td><td>70</td><td>46</td><td>32</td><td>3</td><td>-</td><td>153</td><td>17</td><td>12</td><td>7</td><td>1</td><td>2</td><td>1</td><td>2</td></tr><tr><td>Investment bankers.</td><td>4,098</td><td>3,582</td><td>451</td><td>65</td><td>1,432</td><td>456</td><td>579</td><td>403</td><td>320</td><td>346</td><td>29</td><td>17</td><td>319</td><td>44</td><td>41</td><td>20</td><td>19</td><td>7</td><td>-</td><td>1</td></tr><tr><td>Finance companies not elsewhere classified.</td><td>665</td><td>575</td><td>53</td><td>7</td><td>304</td><td>64</td><td>86</td><td>44</td><td>37</td><td>29</td><td>7</td><td>4</td><td>57</td><td>8</td><td>3</td><td>7</td><td>4</td><td>4</td><td>-</td><td>-</td></tr><tr><td>Insurance.</td><td>935</td><td>806</td><td>112</td><td>17</td><td>471</td><td>157</td><td>103</td><td>43</td><td>16</td><td>15</td><td>1</td><td>-</td><td>105</td><td>1</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Real estate.</td><td>3,034</td><td>2,893</td><td>115</td><td>26</td><td>1,857</td><td>490</td><td>365</td><td>112</td><td>44</td><td>24</td><td>1</td><td>-</td><td>109</td><td>4</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Lessors of real property.</td><td>6,120</td><td>3,960</td><td>2,044</td><td>116</td><td>3,155</td><td>459</td><td>259</td><td>62</td><td>17</td><td>8</td><td>-</td><td>-</td><td>1,818</td><td>114</td><td>71</td><td>30</td><td>6</td><td>4</td><td>-</td><td>1</td></tr><tr><td>Finance, insurance, real estate, and lessors of real property not allocable to a major group</td><td>6,004</td><td>4,292</td><td>1,690</td><td>22</td><td>3,717</td><td>330</td><td>203</td><td>33</td><td>7</td><td>2</td><td>-</td><td>-</td><td>1,570</td><td>68</td><td>35</td><td>13</td><td>4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total finance, insurance, real estate, and lessors of real property</td><td>3,029</td><td>2,554</td><td>427</td><td>48</td><td>1,682</td><td>504</td><td>255</td><td>70</td><td>26</td><td>17</td><td>-</td><td>-</td><td>351</td><td>35</td><td>23</td><td>12</td><td>3</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>25,438</td><td>19,921</td><td>5,163</td><td>354</td><td>13,325</td><td>2,657</td><td>2,045</td><td>842</td><td>514</td><td>475</td><td>42</td><td>21</td><td>4,516</td><td>297</td><td>195</td><td>91</td><td>37</td><td>22</td><td>1</td><td>4</td></tr><tr><td>Kind of business not allocable to a division</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>Combinations which fall within two or more divisions.</td><td>8,375</td><td>7,528</td><td>799</td><td>48</td><td>4,888</td><td>1,578</td><td>780</td><td>188</td><td>68</td><td>26</td><td>-</td><td>-</td><td>666</td><td>77</td><td>35</td><td>13</td><td>6</td><td>2</td><td>-</td><td>-</td></tr><tr><td>Other business not allocable (generally because kind not stated) 10/.</td><td>5,879</td><td>4,648</td><td>808</td><td>423</td><td>3,490</td><td>669</td><td>350</td><td>85</td><td>35</td><td>19</td><td>-</td><td>-</td><td>711</td><td>55</td><td>28</td><td>9</td><td>4</td><td>1</td><td>-</td><td>-</td></tr><tr><td>Total business not allocable to a division.</td><td>14,254</td><td>12,176</td><td>1,607</td><td>471</td><td>8,378</td><td>2,247</td><td>1,130</td><td>273</td><td>103</td><td>45</td><td>-</td><td>-</td><td>1,377</td><td>132</td><td>63</td><td>22</td><td>10</td><td>3</td><td>-</td><td>-</td></tr><tr><td>Grand total all divisions.</td><td>230,004</td><td>200,604</td><td>24,193</td><td>5,207</td><td>132,621</td><td>37,585</td><td>20,926</td><td>5,750</td><td>2,301</td><td>1,309</td><td>81</td><td>31</td><td>21,490</td><td>1,481</td><td>807</td><td>268</td><td>96</td><td>45</td><td>2</td><td>4</td></tr></table>
See footnote 2, page 1. The industrial classification adopted is that which is being used by the Bureau of Internal Revenue for sole proprietorships for the taxable year 1936. This classification comprises 9 industrial divisions divided into 55 major industrial groups, which are in turn subdivided into minor groups. Not all the major or minor groups are distinguished in the table. The partnership return for 1936, Form 1065, provided a space in which the type of business or profession was to be indicated, and in the majority of cases the industrial classification of returns was made from this statement. In instances where two or more business activities were indicated on a return an attempt was made to determine the predominant activity in terms of gross receipts. Where the several activities indicated were within one industrial division, but the predominant group could not be determined, the return was assigned to a classification for returns not definitely allocable to a specific group within the division. Returns for which the kind of business was not given are shown in the non-allocable division.
The amount reported for net income prior to the distribution of income among the partners was used in classifying returns by size of net income. This figure was accepted as it appeared on the return without adjustment, except in cases where it could be determined that withdrawals of partners had been erroneously deducted.
4/ Includes (1) other agriculture and related industries and (2) agriculture and related industries not allocable to a major group.
5/ Includes 3,192 returns of owned oil and gas companies which give no net income data. These returns were filed in compliance with Income Tax Unit decision 2749.
6/ Includes (1) communication and related services, (2) public utilities not elsewhere classified and, (3) public utilities not allocable to a major group.
7/ Includes (1) other personal service and (2) domestic and personal service not allocable to a minor group.
8/ Includes (1) adjustment and credit bureaus and collecting agencies; (2) private employment agencies; (3) duplicating, addressing, blue- printing, photostating, mailing, and mailing list services; (4) business services not elsewhere classified; and (5) business services not allocable to a minor group.
9/ Includes (1) amusement, recreation, and related services other than motion pictures and (2) amusements not allocable to a minor group.
10/ Includes (1) businesses reported on returns which do not fall within preceding industrial divisions and (2) all other returns with kind of business not stated.
FEDERAL RECEIPTS AND EXPENDITURES
— 6 —
7
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 colspan="7">Public Debt</th></tr><tr><th colspan="5">Fiscal year-</th><th rowspan="2">Change '39 -'40</th><th colspan="6">Outstanding on June 30 of fiscal year-</th><th rowspan="2">Change '39 -'40</th></tr><tr><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</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>3,800</td><td>4,116</td><td>5,294</td><td>6,242</td><td>5,668</td><td>5,925</td><td>+257</td><td>Market issues, etc.</td><td>28,068</td><td>33,153</td><td>34,867</td><td>34,489</td><td>36,670</td><td>38,193</td><td>+1,523</td></tr><tr><td>Expenditures.</td><td>7,009</td><td>8,665</td><td>8,442</td><td>7,626</td><td>9,210</td><td>9,537</td><td>+327</td><td>Special issues....</td><td>633</td><td>626</td><td>1,558</td><td>2,676</td><td>3,770</td><td>4,775</td><td>+1,005</td></tr><tr><td>Deficit....</td><td>3,209</td><td>4,549</td><td>3,148</td><td>1,384</td><td>3,542</td><td>3,612</td><td>+ 70</td><td>Gross debt......</td><td>28,701</td><td>33,779</td><td>36,425</td><td>37,165</td><td>40,440</td><td>42,968</td><td>+2,528</td></tr></table>
Receipts and Expenditures
Fiscal Years 1935 to 1940
(In millions of dollars - on basis of daily Treasury statements, unrevised.)
Fiscal Years 1938, 1939 and 1940
(In millions of dollars - on basis of the 1940 Budget and daily Treasury statements, unrevised.)
<table><tr><th></th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>Change 1939 -1940</th></tr><tr><td><b>Receipts:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax......</td><td>1,099</td><td>1,426</td><td>2,164</td><td>2,641</td><td>2,189</td><td>2,125</td><td>- 64</td></tr><tr><td>Miscellaneous Internal Revenue......</td><td>1,657</td><td>2,009</td><td>2,181</td><td>2,279</td><td>2,232</td><td>2,345</td><td>+113</td></tr><tr><td>Taxes under Social Security Act..</td><td>-</td><td>-</td><td>252</td><td>604</td><td>631</td><td>712</td><td>+ 61</td></tr><tr><td>Taxes upon carriers and their employees.....</td><td>-</td><td>-</td><td>-</td><td>150</td><td>109</td><td>121</td><td>+ 12</td></tr><tr><td>Customs.........</td><td>343</td><td>386</td><td>486</td><td>399</td><td>319</td><td>349</td><td>+ 30</td></tr><tr><td>Other.........</td><td>701</td><td>295</td><td>211</td><td>209</td><td>183</td><td>273</td><td>+ 85</td></tr><tr><td><b>Total Receipts.</b></td><td><b>3,800</b></td><td><b>4,116</b></td><td><b>5,294</b></td><td><b>6,242</b></td><td><b>5,668</b></td><td><b>5,925</b></td><td><b>+257</b></td></tr><tr><td><b>Expenditures:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm.</td><td>1,317</td><td>3,262</td><td>2,072</td><td>1,610</td><td>1,720</td><td>2,116</td><td>+396</td></tr><tr><td>Social Security and R. R. Retirement Acts.</td><td>-</td><td>28</td><td>453</td><td>823</td><td>954</td><td>1,049</td><td>+ 95</td></tr><tr><td>Agricultural Adjustment Program......</td><td>712</td><td>533</td><td>527</td><td>362</td><td>782</td><td>1,017</td><td>+235</td></tr><tr><td>Interest on the public debt...</td><td>821</td><td>749</td><td>866</td><td>926</td><td>940</td><td>1,041</td><td>+101</td></tr><tr><td>Public Works....</td><td>638</td><td>742</td><td>957</td><td>794</td><td>948</td><td>859</td><td>- 79</td></tr><tr><td>Unemployment relief......</td><td>2,351</td><td>2,309</td><td>2,432</td><td>1,914</td><td>2,595</td><td>1,919</td><td>-676</td></tr><tr><td>Loans and stock subscriptions....</td><td>478</td><td>161</td><td>198</td><td>135</td><td>212</td><td>241</td><td>+ 29</td></tr><tr><td>Other.........</td><td>692</td><td>881</td><td>937</td><td>1,062</td><td>1,059</td><td>1,285</td><td>+226</td></tr><tr><td><b>Total Expenditures.</b></td><td><b>7,009</b></td><td><b>8,665</b></td><td><b>8,442</b></td><td><b>7,626</b></td><td><b>9,210</b></td><td><b>9,537</b></td><td><b>+327</b></td></tr><tr><td><b>Excess of Expenditures.</b></td><td><b>3,209</b></td><td><b>4,549</b></td><td><b>3,148</b></td><td><b>1,384</b></td><td><b>3,542</b></td><td><b>3,612</b></td><td><b>+ 70</b></td></tr></table>
<table><tr><th></th><th>Actual 1938</th><th>Actual 1939</th><th>Estimated 1940</th><th>Actual 1940</th></tr><tr><td><b>Receipts:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax.</td><td>2,635</td><td>2,182</td><td>1,959</td><td>2,125</td></tr><tr><td>Miscellaneous Internal Revenue.</td><td>2,279</td><td>2,232</td><td>2,356</td><td>2,345</td></tr><tr><td>Taxes under Social Security Act.</td><td>604</td><td>631</td><td>703</td><td>712</td></tr><tr><td>Taxes upon carriers and their employees.</td><td>150</td><td>109</td><td>124</td><td>121</td></tr><tr><td>Customs.</td><td>359</td><td>319</td><td>283</td><td>349</td></tr><tr><td>Other.</td><td>215</td><td>195</td><td>279</td><td>273</td></tr><tr><td><b>Total Receipts.</b></td><td><b>6,242</b></td><td><b>5,668</b></td><td><b>5,704</b></td><td><b>5,925</b></td></tr><tr><td><b>Expenditures:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm.</td><td>1,610</td><td>1,720</td><td>2,162</td><td>2,116</td></tr><tr><td>Social Security and R. R. Retirement Acts.</td><td>823</td><td>954</td><td>1,046</td><td>1,049</td></tr><tr><td>Agricultural Adjustment Program.</td><td>362</td><td>782</td><td>937</td><td>1,017</td></tr><tr><td>Interest on the public debt.</td><td>926</td><td>940</td><td>1,050</td><td>1,041</td></tr><tr><td>Public Works.</td><td>794</td><td>948</td><td>946</td><td>869</td></tr><tr><td>Unemployment relief.</td><td>1,914</td><td>2,595</td><td>1,838</td><td>1,919</td></tr><tr><td>Loans and stock subscriptions.</td><td>135</td><td>212</td><td>251</td><td>241</td></tr><tr><td>Other.</td><td>1,062</td><td>1,099</td><td>1,407</td><td>1,285</td></tr><tr><td><b>Total Expenditures.</b></td><td><b>7,626</b></td><td><b>9,210</b></td><td><b>9,637</b></td><td><b>9,537</b></td></tr><tr><td>Net deficit.</td><td>1,384</td><td>3,542</td><td>3,933</td><td>3,612</td></tr><tr><td><b>Financing of deficit:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in debt:</td><td></td><td></td><td></td><td></td></tr><tr><td>Market issues.</td><td>378 1/2</td><td>2,180</td><td>1,691</td><td>1,523</td></tr><tr><td>Special issues.</td><td>1,118</td><td>1,094</td><td>1,092</td><td>1,005</td></tr><tr><td><b>Total debt increase.</b></td><td><b>740</b></td><td><b>3,274</b></td><td><b>2,783</b></td><td><b>2,528</b></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>1,084</td></tr><tr><td></td><td>1,384</td><td>3,542</td><td>3,933</td><td>3,612</td></tr></table>
1/ Decrease, deduct. Decrease in balance, add.
RECONCILIATION, DEFICIT AND DEBT INCREASE, FISCAL YEAR 1940
<table><tr><td>Increase in debt:</td><td></td><td></td></tr><tr><td>New issues (less redemptions)</td><td>2,529</td><td></td></tr><tr><td>Accounted for:</td><td></td><td>3,612</td></tr><tr><td>Deficit</td><td></td><td></td></tr><tr><td>Decrease, cash balance</td><td>947</td><td>1,084</td></tr><tr><td>Trust fund net receipts</td><td>137</td><td></td></tr><tr><td></td><td></td><td>2,528</td></tr></table>
8
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>363</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>400</td><td>784</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>843</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>752</td><td>849</td><td>1,070</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>305</td><td>337</td><td>139</td><td>167</td><td>570</td><td>301</td><td>203</td><td>3,594</td></tr><tr><td>1936</td><td>310</td><td>271</td><td>-108</td><td>417</td><td>437</td><td>1,909</td><td>367</td><td>249</td><td>184</td><td>409</td><td>336</td><td>211</td><td>4,992</td></tr><tr><td>1937</td><td>304</td><td>338</td><td>-196</td><td>394</td><td>229</td><td>427</td><td>268</td><td>105</td><td>-86</td><td>279</td><td>172</td><td>-186</td><td>2,048</td></tr><tr><td>1938</td><td>199</td><td>179</td><td>-208</td><td>370</td><td>194</td><td>163</td><td>452</td><td>196</td><td>54</td><td>439</td><td>296</td><td>166</td><td>2,500</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>142</td><td>518</td><td>348</td><td>360</td><td>499</td><td>402</td><td>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>249</td><td>286</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)
<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>1,824</td><td>403</td><td>-1,953</td></tr><tr><td>1937</td><td>5,294</td><td>4,998</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>645</td><td>58</td><td>-3,600</td></tr><tr><td>1940</td><td>5,925</td><td>5,303</td><td>2,125</td><td>833</td><td>2,345</td><td>349</td><td>273</td><td>9,666</td><td>6,335</td><td>2,401</td><td>54</td><td>747</td><td>129</td><td>-3,741</td></tr><tr><td>1939-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>269</td><td>42</td><td>36</td><td>187</td><td>26</td><td>17</td><td>807</td><td>419</td><td>220</td><td>1</td><td>167</td><td>-</td><td>-499</td></tr><tr><td>Aug...</td><td>420</td><td>374</td><td>37</td><td>119</td><td>218</td><td>27</td><td>19</td><td>822</td><td>424</td><td>321</td><td>11</td><td>66</td><td>-</td><td>-402</td></tr><tr><td>Sept..</td><td>719</td><td>667</td><td>328</td><td>27</td><td>312</td><td>36</td><td>16</td><td>793</td><td>559</td><td>170</td><td>5</td><td>50</td><td>9</td><td>-74</td></tr><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>-284</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>-398</td></tr><tr><td>Feb...</td><td>444</td><td>395</td><td>63</td><td>178</td><td>154</td><td>26</td><td>23</td><td>658</td><td>486</td><td>168</td><td>4</td><td>10</td><td>-</td><td>-224</td></tr><tr><td>Mar...</td><td>934</td><td>886</td><td>665</td><td>29</td><td>192</td><td>29</td><td>19</td><td>1,006</td><td>606</td><td>210</td><td>6</td><td>135</td><td>90</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><tr><td>May...</td><td>400</td><td>357</td><td>40</td><td>137</td><td>179</td><td>26</td><td>17</td><td>649</td><td>413</td><td>199</td><td>1</td><td>4</td><td>2</td><td>-249</td></tr><tr><td>June..</td><td>784</td><td>695</td><td>464</td><td>30</td><td>201</td><td>28</td><td>61</td><td>1,070</td><td>713</td><td>170</td><td>3</td><td>136</td><td>47</td><td>-286</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. (*) Indicates excess of credits, deduct.
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1935 to Date
9
10
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 Act</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>342</td><td>480</td><td>507</td><td>154</td><td>289</td><td>2/</td><td>-</td><td>157</td><td>133</td></tr><tr><td>1935</td><td>3,225</td><td>356</td><td>524</td><td>556</td><td>80</td><td>712</td><td>2/</td><td>-</td><td>621</td><td>166</td></tr><tr><td>1936</td><td>3,399</td><td>429</td><td>764</td><td>576</td><td>150</td><td>533</td><td>3/</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>571</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>187</td><td>290</td><td>345</td><td>941</td><td>157</td></tr><tr><td>1940</td><td>6,335</td><td>705</td><td>1,490</td><td>547</td><td>598</td><td>1,019</td><td>284</td><td>386</td><td>1,041</td><td>265</td></tr><tr><td>1939-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>446</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><tr><td>May</td><td>513</td><td>59</td><td>150</td><td>46</td><td>43</td><td>62</td><td>22</td><td>29</td><td>10</td><td>22</td></tr><tr><td>June</td><td>713</td><td>59</td><td>149</td><td>46</td><td>50</td><td>43</td><td>23</td><td>12</td><td>305</td><td>26</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 those years.
Expenditures - Recovery and Relief
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="2">Public works, including work relief</th><th>Relief</th><th>Agricultural Aid</th><th>Aid to home owners</th><th>Miscellaneous</th></tr><tr><th></th><th></th><th>WPA 1/</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>1,204</td><td>784</td><td>985 1/</td><td>157</td><td>215</td><td>36</td></tr><tr><td>1937</td><td>3,073</td><td>1,696</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>3,103</td><td>2,240</td><td>606</td><td>2</td><td>50</td><td>198</td><td>8</td></tr><tr><td>1940</td><td>2,401</td><td>1,479</td><td>599</td><td>*</td><td>150</td><td>168</td><td>6</td></tr><tr><td>1939-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>Deco.</td><td>194</td><td>124</td><td>53</td><td>*</td><td>6</td><td>12</td><td>-</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><tr><td>May</td><td>199</td><td>128</td><td>43</td><td>*</td><td>6</td><td>22</td><td>-</td></tr><tr><td>June</td><td>170</td><td>113</td><td>40</td><td>*</td><td>4</td><td>13</td><td>-</td></tr></table>
1/ Includes funds expended for Civilian Conservation Corps during those years.
2/ Includes $34,000,000 restoration of capital impairment of Commodity Credit Corporation.
3/ Prior to fiscal year 1940 figures include National Youth Administration expenditures.
4/ Includes $119,599,918.05 restoration of capital impairment of Commodity Credit Corporation.
* Less than $500,000.
( ) Indicates excess of credits, deduct.
11
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="6">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 1/</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>1,514</td><td>-</td><td>-</td><td>1,173</td><td>-</td><td>41</td></tr><tr><td>1937</td><td>204</td><td>(18)</td><td>222</td><td>568</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>357</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>665</td><td>503</td><td>107</td><td>-</td><td>-</td><td>73</td></tr><tr><td>1940</td><td>54</td><td>(5)</td><td>59</td><td>747</td><td>539</td><td>121</td><td>-</td><td>-</td><td>67</td></tr><tr><td>1939-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><tr><td>May</td><td>1</td><td>(*)</td><td>1</td><td>4</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June</td><td>3</td><td>(*)</td><td>4</td><td>136</td><td>136</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Less than $500,000.
( ) Indicates excess of credits, deduct.
1) Includes transactions formerly classified as "Old-Age Reserve Account".
539
12
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
<table><tr><th>Sources of Revenue</th><th colspan="2">June</th><th>Fiscal year 1940</th><th>Fiscal year 1939</th><th>Sources of Revenue</th><th colspan="2">June</th><th>Fiscal year 1940</th><th>Fiscal year 1939</th></tr><tr><th></th><th>1940</th><th>1939</th><th></th><th></th><th></th><th>1940</th><th>1939</th><th></th><th></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>243,803</td><td>169,434</td><td>958,261</td><td>963,353</td><td>Manufacturers' excise taxes:</td><td>2,925</td><td>2,494</td><td>11,232</td><td>30,497</td></tr><tr><td>Current</td><td>16,862</td><td>18,856</td><td>182,321</td><td>159,188</td><td>Lubricating oils</td><td>21,086</td><td>17,796</td><td>226,187</td><td>207,019</td></tr><tr><td>individual</td><td></td><td></td><td></td><td></td><td>Gasoline</td><td>4,168</td><td>3,791</td><td>41,555</td><td>34,819</td></tr><tr><td>Current</td><td>194,467</td><td>160,924</td><td>891,754</td><td>937,380</td><td>Fires and inner tubes</td><td>627</td><td>598</td><td>7,866</td><td>6,008</td></tr><tr><td>Back</td><td>6,743</td><td>2,744</td><td>90,263</td><td>91,454</td><td>Automobile trucks</td><td></td><td></td><td></td><td></td></tr><tr><td>Excess-profits</td><td>3,529</td><td>1,910</td><td>18,474</td><td>27,056</td><td>Other automobiles and motorcycles</td><td>5,867</td><td>2,962</td><td>99,351</td><td>42,723</td></tr><tr><td>Total income taxes</td><td>465,804</td><td>353,868</td><td>2,121,073</td><td>2,178,431</td><td>Parts or accessories for automobiles</td><td>1,623</td><td>662</td><td>10,630</td><td>7,935</td></tr><tr><td>Taxes on unjust enrichment</td><td>753</td><td>831</td><td>8,536</td><td>6,683</td><td>Electrical energy</td><td>4,060</td><td>3,387</td><td>42,339</td><td>39,859</td></tr><tr><td>Miscellaneous</td><td></td><td></td><td></td><td></td><td>Radio sets, etc. (including tax on photograph records repealed as of 7/1/38)</td><td>617</td><td>258</td><td>6,080</td><td>4,834</td></tr><tr><td>Internal revenue:</td><td>478</td><td>131</td><td>132,739</td><td>127,203</td><td>Mechanical refrigerators</td><td>1,285</td><td>1,075</td><td>9,954</td><td>6,958</td></tr><tr><td>Capital stock tax</td><td>19,731</td><td>35,612</td><td>330,836</td><td>332,280</td><td>Firearms, shells, and cartridges</td><td>413</td><td>295</td><td>3,708</td><td>2,976</td></tr><tr><td>Estate tax</td><td>779</td><td>365</td><td>29,185</td><td>28,435</td><td>Pistols and revolvers</td><td>18</td><td>6</td><td>90</td><td>67</td></tr><tr><td>Gift tax</td><td></td><td></td><td></td><td></td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>1,139</td><td>1,269</td><td>7,753</td><td>11,531</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Matches (including repealed taxes)</td><td>-</td><td>8</td><td>22</td><td>134</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>3,930</td><td>1,731</td><td>27,874</td><td>25,015</td><td>Brover's wort and malt (repealed as of 7/1/38)</td><td>-</td><td>1/</td><td>4</td><td>12</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>32,249</td><td>18,864</td><td>289,858</td><td>258,560</td><td>Articles made of fur (repealed as of 7/1/38)</td><td>12</td><td>14</td><td>160</td><td>368</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,285</td><td>633</td><td>11,854</td><td>10,677</td><td>Sporting goods (repealed as of 7/1/38)</td><td>27</td><td>8</td><td>143</td><td>851</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>113</td><td>34</td><td>650</td><td>503</td><td>Cameras and lenses (repealed as of 7/1/38)</td><td>1/</td><td>1/</td><td>7</td><td>189</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>986</td><td>405</td><td>7,410</td><td>5,893</td><td>Chewing gum (repealed as of 7/1/38)</td><td>-</td><td>4</td><td>2</td><td>111</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>292</td><td>411</td><td>1,307</td><td>1,359</td><td>Total manufacturers' excise taxes</td><td>43,867</td><td>34,627</td><td>447,088</td><td>396,991</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>1,610</td><td>2,301</td><td>6,287</td><td>7,152</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>326</td><td>146</td><td>4,162</td><td>3,317</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>104</td><td>46</td><td>1,089</td><td>473</td><td>Sugar Act of 1937</td><td>6,495</td><td>4,190</td><td>68,145</td><td>65,814</td></tr><tr><td>Container stamps</td><td>1,067</td><td>653</td><td>10,135</td><td>9,399</td><td>Telephone, telegraph, radio, and cable facilities, leased wires</td><td>2,635</td><td>1,937</td><td>26,368</td><td>24,094</td></tr><tr><td>Floor taxes</td><td>1/</td><td>4</td><td>12</td><td>5,428</td><td>Transportation of oil by pipe lines</td><td>1,041</td><td>936</td><td>11,511</td><td>10,955</td></tr><tr><td>Fermented malt liquors</td><td>29,161</td><td>28,888</td><td>264,579</td><td>259,704</td><td>Leases of safe-deposit boxes</td><td>157</td><td>164</td><td>1,989</td><td>1,981</td></tr><tr><td>Brover's dealers in malt liquors (special taxes)</td><td>654</td><td>1,012</td><td>3,197</td><td>3,637</td><td>Admission to theatres, concerts, cabarets, etc.</td><td>1,646</td><td>1,491</td><td>21,888</td><td>19,471</td></tr><tr><td>Total alcoholic beverage taxes</td><td>71,454</td><td>54,982</td><td>624,253</td><td>587,800</td><td>Club dues and initiation fees</td><td>606</td><td>622</td><td>6,335</td><td>6,217</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 cheeses</td><td>3</td><td>1</td><td>27</td><td>21</td></tr><tr><td>Cigars (large)</td><td>1,048</td><td>1,165</td><td>12,898</td><td>12,793</td><td>Oleomargarines, including special taxes</td><td>323</td><td>357</td><td>2,014</td><td>2,210</td></tr><tr><td>Cigars (small)</td><td>6</td><td>10</td><td>97</td><td>120</td><td>Harzotice, including marihuana and special taxes</td><td>216</td><td>222</td><td>610</td><td>572</td></tr><tr><td>Cigarettes (large)</td><td>1</td><td>2</td><td>17</td><td>19</td><td>Coconut and other vegetable oils processed</td><td>1,865</td><td>2,506</td><td>22,744</td><td>27,665</td></tr><tr><td>Cigarettes (small)</td><td>52,695</td><td>49,784</td><td>533,042</td><td>504,037</td><td>National Firearms Act</td><td>7</td><td>3</td><td>12</td><td>9</td></tr><tr><td>Stuff</td><td>521</td><td>591</td><td>6,798</td><td>6,932</td><td>All other, including repealed taxes not listed above</td><td>6</td><td>-19</td><td>167</td><td>254</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,499</td><td>4,829</td><td>54,304</td><td>54,757</td><td>Total miscellaneous taxes</td><td>15,326</td><td>12,556</td><td>165,972</td><td>162,180</td></tr><tr><td>Cigarette papers and tubes</td><td>86</td><td>125</td><td>1,280</td><td>1,494</td><td>Total miscellaneous internal revenue</td><td>214,839</td><td>197,695</td><td>2,377,322</td><td>2,256,031</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>1</td><td>1/</td><td>2</td><td>7</td><td>Payroll taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>58,817</td><td>56,506</td><td>608,518</td><td>580,159</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>2,673</td><td>2,604</td><td>605,350</td><td>529,835</td></tr><tr><td>Bonds of indebtedness, issues of capital stock, deeds of conveyance, etc.</td><td>1,683</td><td>1,623</td><td>18,145</td><td>19,366</td><td>Tax on employees of 5 or more (Federal Unemployment Tax Act) 3/</td><td>681</td><td>663</td><td>106,123</td><td>101,167</td></tr><tr><td>Capital stock and similar interest sales or transfers</td><td>1,833</td><td>735</td><td>15,528</td><td>17,065</td><td>Total Social Security Taxes</td><td>3,354</td><td>3,267</td><td>711,473</td><td>631,002</td></tr><tr><td>Playing cards</td><td>862</td><td>275</td><td>4,814</td><td>4,141</td><td>Carriers' Taxing Act of 1937</td><td>12,749</td><td>12,985</td><td>122,048</td><td>109,427</td></tr><tr><td>Silver bullion sales or transfers</td><td>9</td><td>83</td><td>194</td><td>262</td><td>Total payroll taxes</td><td>16,103</td><td>16,252</td><td>831,821</td><td>740,429</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>697,099</td><td>568,646</td><td>5,340,452</td><td>5,183,574</td></tr><tr><td>Total documentary, etc., stamp taxes</td><td>4,387</td><td>2,716</td><td>38,661</td><td>41,083</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.
13
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="3">Income and Profits</th><th colspan="3">Payroll Taxes</th></tr><tr><th></th><th></th><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th>Social Security Act 2/ Insurance Contributions Act</th><th>Unemployment Tax Act</th><th>Carriers' Taring Act of 1937</th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,274</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</td><td>1,146,845</td><td>1,263,414</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,648</td><td>1,026,393</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>1,557,729</td><td>1,056,757</td><td>427,191</td><td>629,566</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>1,619,839</td><td>746,791</td><td>352,574</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,448</td><td>674,416</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,173,769</td><td>1,091,741</td><td>1,082,028</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,622,813</td><td>1,286,312</td><td>1,336,901</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>1,149,997</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1940</td><td>5,340,452</td><td>2,121,073</td><td>982,017</td><td>1,139,056</td><td>833,521</td><td>605,350</td><td>106,123</td><td>122,048</td></tr><tr><td>1939-June</td><td>568,646</td><td>353,868</td><td>163,668</td><td>190,200</td><td>16,252</td><td>2,604</td><td>663</td><td>12,985</td></tr><tr><td>July</td><td>300,091</td><td>43,699</td><td>11,318</td><td>32,381</td><td>72,754</td><td>66,141</td><td>5,098</td><td>1,515</td></tr><tr><td>Aug.</td><td>397,421</td><td>33,496</td><td>10,477</td><td>23,019</td><td>97,447</td><td>73,555</td><td>6,052</td><td>17,840</td></tr><tr><td>Sept.</td><td>624,254</td><td>331,298</td><td>151,177</td><td>180,121</td><td>12,308</td><td>2,374</td><td>491</td><td>9,443</td></tr><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>318,645</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>89,044</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>43,413</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>661,168</td><td>654,624</td><td>356,076</td><td>298,548</td><td>15,076</td><td>2,099</td><td>1,191</td><td>11,785</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><tr><td>May</td><td>343,603</td><td>41,155</td><td>13,070</td><td>28,085</td><td>112,731</td><td>86,792</td><td>6,802</td><td>19,137</td></tr><tr><td>June</td><td>697,099</td><td>465,404</td><td>201,210</td><td>264,194</td><td>16,103</td><td>2,673</td><td>681</td><td>12,749</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="8">Miscellaneous Internal Revenue</th><th>Unjust enrichment</th><th>Agricultural adjustment</th></tr><tr><th></th><th>Total</th><th>Capital stock</th><th> Estate and gift</th><th>Alcoholic beverages</th><th>Tobacco</th><th>Stamp</th><th>Manufacturers' excises</th><th>Miscellaneous</th><th></th><th></th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>434,145</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,387</td><td>-</td><td>64,770</td><td>11,695</td><td>450,339</td><td>77,729</td><td>344</td><td>25,010</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>48,078</td><td>10,432</td><td>444,277</td><td>46,954</td><td>138</td><td>18,310</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>500,972</td><td>-</td><td>47,422</td><td>8,704</td><td>398,579</td><td>32,241</td><td>-</td><td>14,026</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>873,048</td><td>-</td><td>34,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td><td>-</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>2,021,675</td><td>94,943</td><td>378,840</td><td>505,164</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>534,205</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>139,349</td><td>416,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>5,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>6,683</td><td>-</td></tr><tr><td>1940</td><td>2,377,322</td><td>132,739</td><td>360,071</td><td>624,253</td><td>608,518</td><td>38,681</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1939-June</td><td>197,695</td><td>131</td><td>36,177</td><td>54,982</td><td>56,506</td><td>2,716</td><td>34,627</td><td>12,556</td><td>831</td><td>-</td></tr><tr><td>July</td><td>183,111</td><td>1,937</td><td>24,767</td><td>51,695</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>269,886</td><td>74,524</td><td>29,471</td><td>53,113</td><td>56,980</td><td>3,261</td><td>34,440</td><td>14,097</td><td>592</td><td>-</td></tr><tr><td>Sept.</td><td>280,095</td><td>52,041</td><td>56,154</td><td>56,519</td><td>51,128</td><td>3,194</td><td>44,548</td><td>16,511</td><td>553</td><td>-</td></tr><tr><td>Oct.</td><td>186,987</td><td>1,984</td><td>29,185</td><td>56,353</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>168,020</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>29,325</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><tr><td>May</td><td>188,871</td><td>254</td><td>24,682</td><td>50,201</td><td>55,499</td><td>3,289</td><td>41,203</td><td>13,743</td><td>846</td><td>-</td></tr><tr><td>June</td><td>214,839</td><td>478</td><td>20,510</td><td>71,454</td><td>58,817</td><td>4,387</td><td>43,867</td><td>15,326</td><td>753</td><td>-</td></tr></table>
1/ Including excess-profits 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 Title VIII and II, 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
Fiscal Years 1929 to Date
By Fiscal Years
January 1939 to MONTHLY
Principal Source
14
15
Customs Duties and Taxes Estimated, and Value of Dutiable and Taxable Imports, by Tariff Schedules
(In thousands of dollars) 1/
<table><tr><th>Month</th><th>Chemicals, oils, and paints</th><th>Earths, earthenware, and glassware</th><th>Metals and manufactures of</th><th>Wood and manufactures of</th><th>Sugar, molasses, and manufactures of 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>Flax, hemp, jute, and manufactures of</th></tr><tr><td>Duties and taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-May</td><td>1,469</td><td>760</td><td>1,780</td><td>169</td><td>2,476</td><td>2,452</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>936</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>7,072</td><td>1,413</td><td>3,535</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>1,939</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>2,185</td><td>718</td><td>1,034</td></tr><tr><td>Apr.</td><td>1,203</td><td>683</td><td>2,224</td><td>131</td><td>4,809</td><td>1,807</td><td>4,655</td><td>2,308</td><td>628</td><td>640</td></tr><tr><td>May</td><td>1,303</td><td>758</td><td>2,368</td><td>187</td><td>4,154</td><td>2,026</td><td>4,737</td><td>2,574</td><td>614</td><td>864</td></tr><tr><td>Values:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-May</td><td>4,270</td><td>1,959</td><td>6,293</td><td>1,302</td><td>5,787</td><td>3,817</td><td>14,912</td><td>4,365</td><td>2,085</td><td>4,711</td></tr><tr><td>June</td><td>4,123</td><td>2,054</td><td>6,044</td><td>1,811</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>9,626</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><tr><td>Apr.</td><td>4,029</td><td>1,629</td><td>7,689</td><td>1,180</td><td>9,589</td><td>3,010</td><td>13,911</td><td>3,778</td><td>1,795</td><td>4,032</td></tr><tr><td>May</td><td>4,722</td><td>1,819</td><td>8,287</td><td>1,707</td><td>9,162</td><td>3,292</td><td>15,560</td><td>4,357</td><td>1,761</td><td>6,111</td></tr></table>
<table><tr><th>Month</th><th>Wool and manufactures of</th><th>Silk manufactures</th><th>Manufactures of rayon or other synthetic textile</th><th>Papers and books</th><th>Summaries</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:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-May</td><td>2,368</td><td>220</td><td>232</td><td>165</td><td>2,592</td><td>1,207</td><td>17</td><td>24,679</td><td>+ 639</td><td>25,318</td></tr><tr><td>June</td><td>2,397</td><td>220</td><td>273</td><td>150</td><td>2,413</td><td>1,217</td><td>56</td><td>24,189</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>28,997</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>Apr.</td><td>3,025</td><td>163</td><td>144</td><td>110</td><td>2,375</td><td>845</td><td>15</td><td>25,765</td><td>+ 714</td><td>26,479</td></tr><tr><td>May</td><td>2,798</td><td>205</td><td>84</td><td>122</td><td>2,335</td><td>827</td><td>21</td><td>25,986</td><td>+ 265</td><td>26,251</td></tr><tr><td>Values:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-May</td><td>3,366</td><td>418</td><td>727</td><td>862</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>634</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>3,571</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>6,737</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><tr><td>Apr.</td><td>4,720</td><td>313</td><td>486</td><td>661</td><td>9,496</td><td>5,371</td><td>10</td><td>71,698</td><td>-</td><td>-</td></tr><tr><td>May</td><td>4,469</td><td>401</td><td>199</td><td>713</td><td>9,168</td><td>5,011</td><td>19</td><td>76,758</td><td>-</td><td>-</td></tr></table>
Sotel 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. 1/ Figures are rounded to nearest thousand, and will not necessarily add to totals. 2/ Includes taxable sugar from the Philippine Islands. 3/ Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts. 4/ 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.
16
Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports into the United States
<table><tr><th>Article</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><th>May</th></tr><tr><td>Duty-free articles 1/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Crude petroleum.</td><td>$747,024</td><td>$688,583</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>$220,908</td><td>$235,572</td><td>$271,742</td><td>$420,012</td><td>$543,051</td></tr><tr><td>Petrol oil, etc. 2/</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>108,043</td><td>182,545</td><td>104,832</td><td>302,907</td><td>376,997</td><td>238,026</td><td>130,061</td></tr><tr><td>Gasoline or other motor fuel</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><td>-</td><td>4,744</td></tr><tr><td>Lubricating oil.</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>857</td><td>1,898</td><td>477</td><td>1,473</td></tr><tr><td>Paraffin and other petroleum wax products.</td><td>47,622</td><td>27,228</td><td>23,743</td><td>28,243</td><td>37,634</td><td>52,030</td><td>40,035</td><td>44,130</td><td>99,599</td><td>37,953</td><td>54,073</td><td>126,704</td><td>60,637</td></tr><tr><td>Seed oils</td><td>176,382</td><td>190,842</td><td>146,799</td><td>258,544</td><td>253,957</td><td>258,943</td><td>174,611</td><td>187,231</td><td>200,189</td><td>19,422</td><td>11,042</td><td>4,575</td><td>5,387</td></tr><tr><td>Oil seeds.</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><td>15,093</td><td>21,617</td></tr><tr><td>Animal, fish and coconut oils.</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><td>255</td><td>245</td></tr><tr><td>Copper</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><td>25,142</td><td>45,529</td></tr><tr><td>Lumber of specified types.</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><td>14,207</td><td>14,132</td></tr><tr><td>Coal and related fuels.</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><td>-</td><td>-</td></tr><tr><td>Total</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>1,024,790</td><td>890,482</td><td>711,746</td><td>699,769</td><td>770,631</td><td>844,731</td><td>826,876</td></tr><tr><td>Dutiable articles 3/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cane sugar</td><td>$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><td>$551,243</td><td>$466,129</td></tr><tr><td>Cane sugar (from Philippine Is.)</td><td>143,728</td><td>135,286</td><td>34,708</td><td>55,168</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><td>99,684</td><td>87,478</td></tr><tr><td>Boat sugar.</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</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>2,641</td><td>5,170</td><td>19,373</td><td>20,786</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><td>1,297</td><td>3,722</td></tr><tr><td>Petrol oil, etc. 2/</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><td>947</td><td>-</td></tr><tr><td>Lubricating oil.</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><td>-</td><td>-</td></tr><tr><td>Paraffin and other petroleum wax products.</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><td>-</td><td>9</td></tr><tr><td>Seed oils</td><td>37</td><td>-</td><td>19,865</td><td>19</td><td>406</td><td>3</td><td>191</td><td>10</td><td>-</td><td>18</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Animal and fish oils.</td><td>15,500</td><td>15,441</td><td>22,486</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><td>21,334</td><td>12,860</td></tr><tr><td>Palm oil.</td><td>1,386</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><td>252</td><td>249</td></tr><tr><td>Coconut oil (from Philippine Islands).</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>364</td><td>262</td><td>149</td></tr><tr><td>Coconut oil.</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>766</td><td>1,056</td><td>353</td></tr><tr><td>Copper.</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><td>8,903</td><td>8,867</td></tr><tr><td>Lumber of specified types.</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><td>24,095</td><td>54,464</td></tr><tr><td>Total</td><td>464,111</td><td>575,939</td><td>532,864</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>346,764</td><td>499,382</td><td>709,073</td><td>634,581</td></tr><tr><td>Grand total</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><td>1,553,865</td><td>1,461,458</td></tr></table>
Note: 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.
17
Computed Duties Collected, by Countries
(In thousands of dollars)
<table><tr><th>Country</th><th colspan="2">Calendar year</th><th colspan="8">1939</th><th colspan="8">1940</th></tr><tr><th></th><th>1938</th><th>1939</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><th>May</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><td></td></tr><tr><td>Belgium</td><td>6,661</td><td>9,395</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><td>579</td><td>552</td></tr><tr><td>Czechoslovakia</td><td>10,827</td><td>1,564</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><td>8</td><td>4</td></tr><tr><td>France</td><td>16,319</td><td>19,210</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><td>1,203</td><td>1,399</td></tr><tr><td>Germany</td><td>15,406</td><td>14,224</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><td>168</td><td>146</td></tr><tr><td>Greece</td><td>7,846</td><td>7,209</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><td>653</td><td>706</td></tr><tr><td>Italy</td><td>15,024</td><td>13,394</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><td>1,019</td><td>959</td></tr><tr><td>Netherlands</td><td>6,170</td><td>5,972</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><td>161</td><td>116</td></tr><tr><td>Norway</td><td>2,508</td><td>3,206</td><td>237</td><td>200</td><td>273</td><td>286</td><td>395</td><td>430</td><td>304</td><td>241</td><td>197</td><td>246</td><td>208</td><td>257</td><td>97</td></tr><tr><td>Poland</td><td>2,298</td><td>1,983</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><td>3</td><td>3</td></tr><tr><td>Spain</td><td>2,847</td><td>3,065</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><td>351</td><td>388</td></tr><tr><td>Sweden</td><td>1,800</td><td>1,920</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><td>210</td><td>40</td></tr><tr><td>Switzerland</td><td>5,278</td><td>11,369</td><td>877</td><td>767</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><td>816</td><td>942</td></tr><tr><td>U.S.S.R. (Russia)</td><td>2,116</td><td>1,921</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><td>261</td><td>549</td></tr><tr><td>United Kingdom</td><td>36,813</td><td>43,753</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><td>3,114</td><td>3,246</td></tr><tr><td>Other Europe</td><td>6,389</td><td>7,103</td><td>633</td><td>478</td><td>399</td><td>468</td><td>498</td><td>777</td><td>931</td><td>690</td><td>509</td><td>401</td><td>339</td><td>470</td><td>346</td></tr><tr><td>Total Europe</td><td>141,299</td><td>145,319</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><td>9,273</td><td>9,493</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><td></td></tr><tr><td>Canada</td><td>18,031</td><td>19,688</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><td>1,496</td><td>1,744</td></tr><tr><td>Cuba</td><td>45,435</td><td>48,811</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><td>5,109</td><td>4,510</td></tr><tr><td>Dominican Republic</td><td>2,462</td><td>1,444</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><td>14</td><td>16</td></tr><tr><td>Mexico</td><td>5,755</td><td>7,819</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><td>1,349</td><td>873</td></tr><tr><td>Netherland West Indies</td><td>1,536</td><td>1,605</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><td>150</td><td>82</td></tr><tr><td>Other Countries</td><td>2,052</td><td>1,161</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><td>81</td><td>60</td></tr><tr><td>Total North and Central America</td><td>75,271</td><td>80,528</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>9,644</td><td>6,230</td><td>6,283</td><td>7,661</td><td>8,199</td><td>7,285</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><td></td></tr><tr><td>Argentina</td><td>14,168</td><td>18,610</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><td>1,550</td><td>1,620</td></tr><tr><td>Brazil</td><td>3,450</td><td>3,107</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><td>167</td><td>296</td></tr><tr><td>Chile</td><td>632</td><td>601</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><td>119</td><td>150</td></tr><tr><td>Peru</td><td>3,004</td><td>3,082</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><td>273</td><td>159</td></tr><tr><td>Uruguay</td><td>2,808</td><td>5,604</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><td>510</td><td>801</td></tr><tr><td>Venezuela</td><td>4,387</td><td>5,267</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><td>297</td><td>349</td></tr><tr><td>Other Countries</td><td>982</td><td>1,424</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><td>92</td><td>117</td></tr><tr><td>Total South America</td><td>29,431</td><td>37,695</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><td>3,008</td><td>3,492</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><td></td></tr><tr><td>British India</td><td>7,035</td><td>6,945</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><td>440</td><td>743</td></tr><tr><td>China</td><td>9,602</td><td>10,262</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><td>862</td><td>1,067</td></tr><tr><td>Japan</td><td>17,826</td><td>17,823</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>1,861</td><td>2,316</td><td>1,283</td><td>1,111</td><td>908</td><td>1,081</td></tr><tr><td>Turkey</td><td>9,219</td><td>8,436</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><td>690</td><td>887</td></tr><tr><td>Other Countries</td><td>4,994</td><td>6,716</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><td>863</td><td>791</td></tr><tr><td>Total Asia</td><td>48,677</td><td>50,182</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>5,628</td><td>4,007</td><td>4,326</td><td>3,763</td><td>4,569</td></tr><tr><td>Oceania - Total</td><td>2,913</td><td>8,509</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><td>647</td><td>472</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><td></td></tr><tr><td>Egypt</td><td>1,523</td><td>2,377</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><td>203</td><td>208</td></tr><tr><td>Gold Coast</td><td>716</td><td>1,375</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><td>61</td><td>35</td></tr><tr><td>Unice of South Africa</td><td>298</td><td>1,528</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><td>552</td><td>358</td></tr><tr><td>Other Countries</td><td>1,252</td><td>838</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><td>59</td><td>74</td></tr><tr><td>Total Africa</td><td>3,789</td><td>6,118</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><td>875</td><td>675</td></tr><tr><td>Grand Total</td><td>301,381</td><td>328,352</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><td>25,765</td><td>25,986</td></tr></table>
Note: Figures are rounded to nearest thousand and will not necessarily add to totals.
18
Receipts and Expenditures under Social Security Act
(In millions of dollars - on basis of daily treasury statements, unrevised)
<table><tr><th>Fiscal year or month</th><th colspan="3">Receipts</th><th colspan="6">Expenditures</th></tr><tr><th></th><th>Employment taxes (Title VII)</th><th>Tax on employers of 5 or more, (Title II, Sec. 901)</th><th>Total receipts</th><th>Administrative expenses 1/</th><th>Unemployment compensation administration</th><th>Grants to States Old-age assistance, etc.</th><th>Total grants to States</th><th>Refunds of taxes 2/</th><th>Transfers to Old-Age and Survivors Insurance Trust Fund</th><th>Total expenditures</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>.8</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>719.1</td></tr><tr><td>1939</td><td>530.4</td><td>100.9</td><td>631.2</td><td>21.3</td><td>58.9</td><td>261.4</td><td>320.3</td><td>1.7</td><td>503.0</td><td>846.3</td></tr><tr><td>1940</td><td>604.7</td><td>107.5</td><td>712.2</td><td>22.6</td><td>58.3</td><td>298.2</td><td>356.5</td><td>2.5</td><td>538.7</td><td>920.3</td></tr><tr><td>1939-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>8.6</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>Sept.</td><td>2.5</td><td>.5</td><td>3.0</td><td>1.9</td><td>2.3</td><td>15.3</td><td>17.6</td><td>.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>87.7</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>162.2</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><tr><td>May.</td><td>122.5</td><td>8.9</td><td>131.4</td><td>2.2</td><td>.4</td><td>25.8</td><td>26.2</td><td>.4</td><td>-</td><td>28.8</td></tr><tr><td>June</td><td>2.9</td><td>1.0</td><td>3.9</td><td>2.1</td><td>.4</td><td>8.9</td><td>9.3</td><td>.2</td><td>135.9</td><td>147.5</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">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Transfers from general fund</th><th>Appropriations by Congress Balance available for transfer</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>269.0</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>1,171.2</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>499.0</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>25.2</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><tr><td>May</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>32.5</td><td>6.2</td><td>1,711.2</td><td>1,565.2</td><td>142.3</td></tr><tr><td>June</td><td>1,693.7</td><td>11.3</td><td>1,705.0</td><td>67.1</td><td>1,792.1</td><td>35.1</td><td>12.3</td><td>1,744.7</td><td>1,738.1</td><td>.5</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>Deposited by States 5/</th><th colspan="2">Railroad Unemployment Insurance Account</th><th>Interest on investments</th><th>Total receipts 1/</th><th>Withdrawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total expenditures 1/</th><th>Total</th><th>Investments</th><th>Unexpended balances</th></tr><tr><th></th><th></th><th>Deposited 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</th><th>Disbursing account (Railroad unemployment benefits and refunds)</th></tr><tr><td>1936</td><td>18.9</td><td>-</td><td>-</td><td>.1</td><td>18.9</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>-</td></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>312.4</td><td>312.3</td><td>.1</td></tr><tr><td>1938</td><td>1,058.2</td><td>-</td><td>-</td><td>18.0</td><td>1,076.2</td><td>192.0</td><td>-</td><td>192.0</td><td>864.2</td><td>672.0</td><td>12.2</td></tr><tr><td>1939</td><td>1,569.5</td><td>-</td><td>-</td><td>44.8</td><td>1,914.3</td><td>633.8</td><td>-</td><td>633.8</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td></tr><tr><td>1939-July</td><td>1,912.1</td><td>-</td><td>15.0</td><td>44.9</td><td>1,971.9</td><td>675.1</td><td>.1</td><td>-</td><td>673.1</td><td>1,296.8</td><td>1,253.0</td><td>28.9</td></tr><tr><td>Aug.</td><td>2,066.3</td><td>-</td><td>15.0</td><td>44.9</td><td>2,126.2</td><td>714.8</td><td>.9</td><td>-</td><td>715.7</td><td>1,410.4</td><td>1,382.0</td><td>14.4</td></tr><tr><td>Sept.</td><td>2,079.0</td><td>-</td><td>15.0</td><td>45.0</td><td>2,139.0</td><td>753.3</td><td>2.2</td><td>-</td><td>755.5</td><td>1,383.5</td><td>1,363.0</td><td>7.7</td></tr><tr><td>Oct.</td><td>2,133.1</td><td>-</td><td>15.0</td><td>45.0</td><td>2,193.1</td><td>775.9</td><td>3.3</td><td>-</td><td>779.2</td><td>1,413.9</td><td>1,370.0</td><td>32.2</td></tr><tr><td>Nov.</td><td>2,276.3</td><td>.6</td><td>15.0</td><td>45.0</td><td>2,336.9</td><td>804.5</td><td>4.2</td><td>-</td><td>808.7</td><td>1,523.2</td><td>1,512.0</td><td>5.4</td></tr><tr><td>Dec.</td><td>2,290.8</td><td>14.5</td><td>15.0</td><td>45.1</td><td>2,356.4</td><td>835.4</td><td>5.2</td><td>-</td><td>840.6</td><td>1,524.8</td><td>1,509.0</td><td>6.0</td></tr><tr><td>1940-Jan.</td><td>2,352.9</td><td>14.5</td><td>15.0</td><td>62.2</td><td>2,444.6</td><td>876.7</td><td>6.9</td><td>15.0</td><td>898.6</td><td>1,546.0</td><td>1,537.0</td><td>5.9</td></tr><tr><td>Feb.</td><td>2,506.6</td><td>15.3</td><td>15.0</td><td>62.2</td><td>2,599.1</td><td>919.8</td><td>8.7</td><td>15.0</td><td>943.5</td><td>1,695.6</td><td>1,640.0</td><td>13.3</td></tr><tr><td>Mar.</td><td>2,521.6</td><td>29.7</td><td>15.0</td><td>62.3</td><td>2,628.8</td><td>964.6</td><td>10.6</td><td>15.0</td><td>990.2</td><td>1,638.6</td><td>1,622.0</td><td>14.2</td></tr><tr><td>Apr.</td><td>2,574.6</td><td>29.7</td><td>15.0</td><td>62.5</td><td>2,681.8</td><td>1,007.7</td><td>12.3</td><td>15.0</td><td>1,035.0</td><td>1,646.8</td><td>1,640.0</td><td>5.1</td></tr><tr><td>May</td><td>2,717.1</td><td>30.9</td><td>15.0</td><td>62.5</td><td>2,825.5</td><td>1,063.7</td><td>13.6</td><td>15.0</td><td>1,092.3</td><td>1,733.2</td><td>1,721.0</td><td>10.8</td></tr><tr><td>June</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>62.6</td><td>2,871.1</td><td>1,116.7</td><td>14.6</td><td>15.0</td><td>1,146.3</td><td>1,724.8</td><td>1,710.0</td><td>13.4</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1.4</td></tr></table>
(For footnotes see following page)
19
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<br>Total</th><th colspan="4">Expenditures</th></tr><tr><th></th><th></th><th>Administrative expenses</th><th>Transfere to Railroad Retirement acot.</th><th>Transfers to Railroad Un-employment insurance account</th><th>Total expenditures</th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.4</td><td>1.5</td><td>-</td><td>-</td><td>1.5</td></tr><tr><td>1938</td><td>150.1</td><td>2.6</td><td>146.4</td><td>-</td><td>149.0</td></tr><tr><td>1939</td><td>109.3</td><td>3.3</td><td>107.1</td><td>-</td><td>110.4</td></tr><tr><td>1940</td><td>125.9</td><td>7.6</td><td>120.7</td><td>-</td><td>128.3</td></tr><tr><td>1939-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><tr><td>May</td><td>5.9</td><td>.7</td><td>3.5</td><td>-</td><td>4.2</td></tr><tr><td>June</td><td>27.8</td><td>.7</td><td>-</td><td>-</td><td>.7</td></tr></table>
Railroad Retirement Account
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Cumulative as of end of fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Transfers from general fund</th><th>Balance available for transfers</th><th>Total</th><th>Interest on investments</th><th>Total</th><th>Investments</th><th>To credit of appropriations</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>42.6</td><td>-</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>66.2</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>155.6</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>193.9</td><td>69.1</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>77.2</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>77.2</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>77.2</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>77.2</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>77.2</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>77.2</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>77.2</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>77.2</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>77.2</td><td>14.3</td><td>17.8</td></tr><tr><td>May</td><td>354.2</td><td>30.7</td><td>384.9</td><td>3.6</td><td>388.5</td><td>289.0</td><td>99.5</td><td>77.2</td><td>10.8</td><td>11.5</td></tr><tr><td>June</td><td>354.2</td><td>30.7</td><td>384.9</td><td>5.9</td><td>390.8</td><td>298.7</td><td>92.1</td><td>79.4</td><td>10.9</td><td>1.8</td></tr></table>
Note: Figures in this and four 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 Revenue 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 $40,561,886.43, pursuant to authorization of August 24, 1937, for making refund to certain States of portions of Federal employees' tax for 1936 collected under Title II of the Social Security Act. Other refunds are on account of employment taxes (Title VIII) and tax on employees of 8 or more (Title II, 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 II, Sec. 901 of the Social Security Act, amounting to $40,561,886.43. 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. 7/ Receipts exclude transfers from States. Expenditures exclude those items which are transferred to Railroad Unemployment Insurance Account. For details see Treasury daily statement for 10th of month. 8/ Transfers from general fund were not reflected until July 1, 1937. 9/ Includes balance of appropriation available for transfers subsequent to June 30, 1937. * Excess credit.
2982
5387
260
6020
.17
145
847
238
261
465
30
7
2
563
652
265
387
20
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. 1979 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="7">1939</th><th colspan="7">1940</th></tr><tr><th></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><th>May</th><th>June</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>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><td>40</td><td>464</td></tr><tr><td>Miscellaneous internal revenue.</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><td>179</td><td>201</td></tr><tr><td>Taxes under Social Security Act.</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><td>131</td><td>4</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>6</td><td>26</td></tr><tr><td>Customs.</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><td>26</td><td>29</td></tr><tr><td>Other.</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><td>18</td><td>15</td></tr><tr><td>Subtotal.</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><td>400</td><td>739</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>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>53</td><td>144</td><td>26</td></tr><tr><td>Trust accounts.</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>28</td><td>17</td><td>16</td></tr><tr><td>Subtotal.</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><td>161</td><td>42</td></tr><tr><td>Total cash income.</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><td>561</td><td>781</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>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><td>154</td><td>153</td></tr><tr><td>Social Security Act (grants and administrative expenses).</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><td>29</td><td>12</td></tr><tr><td>Interest on the public debt.</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><td>7</td><td>192</td></tr><tr><td>Public Works.</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><td>73</td><td>81</td></tr><tr><td>Agricultural aid.</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><td>95</td><td>64</td></tr><tr><td>National Youth Administration.</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><td>10</td><td>9</td></tr><tr><td>Works Projects Administration.</td><td>167</td><td>149</td><td>134</td><td>106</td><td>113</td><td>112</td><td>124</td><td>130</td><td>113</td><td>134</td><td>133</td><td>128</td><td>113</td></tr><tr><td>Other.</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>153</td><td>144</td><td>150</td></tr><tr><td>Subtotal.</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>760</td><td>640</td><td>774</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>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><td>9</td><td>13</td></tr><tr><td>Commodity Credit Corporation.</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><td>-</td><td>1</td></tr><tr><td>Unemployment trust fund.</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><td>58</td><td>54</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>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><td>2</td><td>3</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>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Other.</td><td>66</td><td>57</td><td>42</td><td>84</td><td>10</td><td>11</td><td>82</td><td>5</td><td>23</td><td>15</td><td>16</td><td>11</td><td>26</td></tr><tr><td>Subtotal.</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><td>50</td><td>107</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>1</td><td>4</td></tr><tr><td>Total cash outgo.</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>792</td><td>691</td><td>885</td></tr><tr><td>EXCESS OF CASH OUTGO.</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>407</td><td>130</td><td>104</td></tr></table>
Note: 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>561</td><td>781</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>432</td><td>489</td><td>621</td><td>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>849</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>792</td><td>691</td><td>885</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>4,116</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>407</td><td>130</td><td>104</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
21
TREASURY GENERAL FUND AND PUBLIC DEBT
— 22 —
23
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>Seigniorage</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 de-posits a/o 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>184</td><td>51</td><td>837</td><td>31</td><td>214</td></tr><tr><td>1934</td><td>2,582</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td><td>451</td></tr><tr><td>1935</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td><td>-</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td><td>175</td></tr><tr><td>1936</td><td>2,682</td><td>2,225</td><td>316</td><td>141</td><td>-</td><td>2,936</td><td>865</td><td>862</td><td>1,151</td><td>58</td><td>294</td></tr><tr><td>1937</td><td>2,554</td><td>970</td><td>356</td><td>141</td><td>1,087</td><td>2,709</td><td>1,863</td><td>141</td><td>649</td><td>55</td><td>156</td></tr><tr><td>1938</td><td>2,216</td><td>1,628</td><td>446</td><td>142</td><td>-</td><td>2,419</td><td>830</td><td>929</td><td>611</td><td>49</td><td>203</td></tr><tr><td>1939</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td><td>249</td></tr><tr><td>1940</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td><td>-</td><td>2,038</td><td>891</td><td>254</td><td>805</td><td>88</td><td>147</td></tr><tr><td>1939-June</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td><td>249</td></tr><tr><td>July</td><td>2,447</td><td>1,761</td><td>544</td><td>142</td><td>-</td><td>2,800</td><td>1,015</td><td>928</td><td>771</td><td>86</td><td>353</td></tr><tr><td>Aug.</td><td>2,231</td><td>1,539</td><td>550</td><td>142</td><td>-</td><td>2,576</td><td>986</td><td>748</td><td>761</td><td>81</td><td>345</td></tr><tr><td>Sept.</td><td>2,178</td><td>1,481</td><td>554</td><td>143</td><td>-</td><td>2,334</td><td>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>2,390</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>1,572</td><td>568</td><td>143</td><td>-</td><td>2,463</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><tr><td>May</td><td>2,030</td><td>1,303</td><td>584</td><td>143</td><td>-</td><td>2,234</td><td>901</td><td>438</td><td>813</td><td>81</td><td>204</td></tr><tr><td>June</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td><td>-</td><td>2,038</td><td>891</td><td>254</td><td>805</td><td>88</td><td>147</td></tr></table>
Statement of the Outstanding Public Debt on June 30, 1939 and June 30, 1940
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>June 30, 1939</th><th>June 30, 1940</th><th>Increase (+) Decrease (-)</th><th></th><th>June 30, 1939</th><th>June 30, 1940</th><th>Increase (+) Decrease (-)</th></tr><tr><td>Market issues, etc.:</td><td></td><td></td><td></td><td>Special issues:</td><td></td><td></td><td></td></tr><tr><td>Pre-war bonds.</td><td>196</td><td>196</td><td>-</td><td>Government Life Insurance Fund.</td><td>537</td><td>524</td><td>- 13</td></tr><tr><td>Treasury bonds.</td><td>25,218</td><td>26,555</td><td>+ 1,337</td><td>Federal Old-Age and Survivors Insurance Trust Fund.</td><td>1,177</td><td>1,738</td><td>+ 561</td></tr><tr><td>U. S. Savings bonds.</td><td>1,858</td><td>2,905</td><td>+ 1,037</td><td>Railroad Retirement Account.</td><td>67</td><td>80</td><td>+ 13</td></tr><tr><td>Adjusted Service bonds.</td><td>283</td><td>261</td><td>- 22</td><td>Government retirement funds.</td><td>473</td><td>559</td><td>+ 86</td></tr><tr><td>Treasury notes.</td><td>7,243</td><td>6,383</td><td>- 860</td><td>Adjusted Service Certificate Fund.</td><td>20</td><td>11</td><td>- 9</td></tr><tr><td>Treasury bills.</td><td>1,308</td><td>1,302</td><td>- 6</td><td>Unemployment Trust Fund.</td><td>1,267</td><td>1,710</td><td>+ 443</td></tr><tr><td>Matured debt on which interest has ceased.</td><td>142</td><td>205</td><td>+ 63</td><td>Postal Savings System.</td><td>128</td><td>97</td><td>- 31</td></tr><tr><td>Debt bearing no interest.</td><td>411</td><td>386</td><td>- 25</td><td>Federal Deposit Insurance Corporation.</td><td>101</td><td>56</td><td>- 45</td></tr><tr><td>Total Market issues, etc.</td><td>36,669</td><td>38,193</td><td>+ 1,524</td><td>Total Special issues.</td><td>3,770</td><td>4,775</td><td>+ 1,005</td></tr><tr><td></td><td></td><td></td><td></td><td>Total.</td><td>40,439</td><td>42,968</td><td>+ 2,529</td></tr></table>
Public Debt Accounts
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="5">Expenditures</th></tr><tr><th>Cash</th><th>Adjusted Serv. Bonds</th><th>Exchanges</th><th>Special Series</th><th>Total</th><th>Cash</th><th>Exchanges</th><th>Special Series</th><th>Total</th><th>Excess of Receipts</th></tr><tr><td>1938</td><td>4,775.7</td><td>12.7</td><td>2,673.8</td><td>2,158.5</td><td>9,620.7</td><td>5,166.0</td><td>2,673.8</td><td>1,040.8</td><td>8,880.6</td><td>740.1</td></tr><tr><td>1939</td><td>7,475.1</td><td>6.5</td><td>3,034.9</td><td>2,567.1</td><td>13,083.6</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>9,808.8</td><td>3,274.8</td></tr><tr><td>1940</td><td>7,194.4</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>13,165.6</td><td>5,679.8</td><td>2,812.0</td><td>2,145.8</td><td>10,637.6</td><td>2,528.0</td></tr><tr><td>1939-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>524.6</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>713.0</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><tr><td>May</td><td>564.7</td><td>.3</td><td>-</td><td>91.0</td><td>656.0</td><td>503.3</td><td>-</td><td>2.7</td><td>506.0</td><td>150.0</td></tr><tr><td>June</td><td>450.0</td><td>.3</td><td>277.7</td><td>1,977.2</td><td>2,705.2</td><td>480.7</td><td>277.7</td><td>1,787.0</td><td>2,545.4</td><td>159.8</td></tr></table>
24
Statement Showing Details of Major Financing Operations of the Treasury for Fiscal Years 1938, 1939 and 1940
(In millions of dollars)
<table><tr><th>Date of issue</th><th>Rate per cent</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th colspan="5">New securities allotted In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certific-ates</th><th></th><th>For Cash</th><th>Amount of exchanges Treasury bonds</th><th>Amount of exchanges Treasury notes and certific-ates</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, 1943</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>4,467</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 43 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>521 500</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><tr><td>June 15.</td><td>1</td><td>3 years 3 mos.</td><td>Sept. 15, 1943</td><td>-</td><td>279</td><td>-</td><td>-</td><td>279</td><td>-</td><td>July 16, 1928</td><td>3-3/8</td><td>June 15, 1940</td></tr></table>
Note: For financing in fiscal years 1934-37 see March Bulletin, pages 16-17.
* This amount was sold to Government investment accounts direct, as authorised by the issuing circular No. 626 of November 28, 1939.
** Cash sales direct to Government investment accounts, as authorised by issuing circular No. 627 of December 12, 1939.
25
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(in millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="3">Government agencies and trust funds</th><th colspan="3">Direct obligations</th><th colspan="3">Guaranteed obligations</th></tr><tr><th></th><th>Special issues</th><th>United States Savings Bonds, 3% Adjusted Service Bonds of 1945, and 2 1/2% Postal Savings Bonds 1/</th><th>Market issues</th><th>Federal Reserve Banks</th><th>United States Savings Bonds and 3% Adjusted Service Bonds of 1945</th><th>Market issues otherwise held 2/</th><th>Total 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>681</td><td>681</td></tr><tr><td>1934</td><td>396</td><td>15</td><td>890</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>27,545</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>4,327</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>28,868</td><td>35,803</td><td>381</td><td>4,284</td><td>4,665</td></tr><tr><td>1938</td><td>2,676</td><td>25</td><td>1,754</td><td>2,594</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>1940</td><td>4,775</td><td>29</td><td>2,010</td><td>2,463</td><td>3,166</td><td>29,933</td><td>42,376</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>1939-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>1,815</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>29,686</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>40,412</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>2,465</td><td>2,889</td><td>30,101</td><td>41,894</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Mar.</td><td>4,471</td><td>29</td><td>2,014</td><td>2,463</td><td>2,993</td><td>30,032</td><td>42,002</td><td>291</td><td>5,333</td><td>5,624</td></tr><tr><td>Apr.</td><td>4,496</td><td>29</td><td>2,007</td><td>2,456</td><td>3,085</td><td>30,044</td><td>42,117</td><td>289</td><td>5,335</td><td>5,624</td></tr><tr><td>May 1/</td><td>4,585</td><td>29</td><td>2,009</td><td>2,467</td><td>3,134</td><td>30,029</td><td>42,253</td><td>289</td><td>5,208</td><td>5,497</td></tr><tr><td>June 1/</td><td>4,775</td><td>29</td><td>2,010</td><td>2,463</td><td>3,166</td><td>29,933</td><td>42,376</td><td>289</td><td>5,209</td><td>5,498</td></tr></table>
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 24% Postal Savings Bonds held by the Postal Savings System.
2/ Includes 24% 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="10">Purchases or sales (-)</th></tr><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1936</td><td>18.5</td><td>4.3</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>.4</td><td>.9</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 colspan="9">Gross debt</th><th rowspan="2">Balance in general fund</th><th rowspan="2">Gross debt less balance in general fund</th></tr><tr><th>Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and otfe. of inddeb.</th><th colspan="2">Special issues</th><th rowspan="2">Matured interest-bearing debt</th></tr><tr><th></th><th>Total</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th></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>31.5</td><td>862</td><td>21,677</td></tr><tr><td>1934</td><td>27,053</td><td>26,180</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>51.8</td><td>2,582</td><td>24,471</td></tr><tr><td>1935</td><td>28,701</td><td>27,645</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>633</td><td>2.3</td><td>231</td><td>825</td><td>1,841</td><td>26,850</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>10,517</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,958</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>40,839</td><td>39,836</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>1940</td><td>42,968</td><td>42,377</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>386</td><td>1,891</td><td>41,077</td></tr><tr><td>1939-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>27,944</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>399</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>40,626</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><tr><td>May.</td><td>42,808</td><td>42,253</td><td>30,238</td><td>71.6</td><td>6,125</td><td>14.5</td><td>1,304</td><td>3.1</td><td>4,585</td><td>10.9</td><td>167</td><td>389</td><td>2,030</td><td>40,778</td></tr><tr><td>June.</td><td>42,968</td><td>42,377</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>386</td><td>1,891</td><td>41,077</td></tr></table>
Note: Figures in this table are rounded to nearest million and will not necessarily add to totals.
COMPOSITION OF INTEREST-BEARING PUBLIC DEBT OUTSTANDING
Daily Statement Basis
26
27
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>1940</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.553*</td></tr><tr><td>1939-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>41,445,461,769</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>41,839,478,220</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><tr><td>May</td><td>42,252,678,472</td><td>1,097,617,438</td><td>2.598*</td></tr><tr><td>June</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583*</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-Oct.</td><td>4.</td><td>2.72</td><td>3.23</td><td>.51</td></tr><tr><td>Feb.</td><td>2.44</td><td>2.90</td><td>.46</td><td>11.</td><td>2.66</td><td>3.20</td><td>3.11</td><td>.54</td></tr><tr><td>Mar.</td><td>2.34</td><td>2.87</td><td>.53</td><td>18.</td><td>2.52</td><td>3.06</td><td>3.06</td><td>.57</td></tr><tr><td>Apr.</td><td>2.30</td><td>2.92</td><td>.62</td><td>25.</td><td>2.49</td><td>3.00</td><td>3.00</td><td>.50</td></tr><tr><td>May.</td><td>2.17</td><td>2.86</td><td>.69</td><td>Nov.</td><td>1.</td><td>2.50</td><td>2.95</td><td>.45</td></tr><tr><td>June.</td><td>2.13</td><td>2.78</td><td>.65</td><td>8.</td><td>2.47</td><td>2.94</td><td>2.91</td><td>.47</td></tr><tr><td>July.</td><td>2.16</td><td>2.76</td><td>.60</td><td>15.</td><td>2.39</td><td>2.90</td><td>2.90</td><td>.52</td></tr><tr><td>Aug.</td><td>2.21</td><td>2.79</td><td>.58</td><td>22.</td><td>2.36</td><td>2.88</td><td>2.84</td><td>.47</td></tr><tr><td>Sept.</td><td>2.65</td><td>3.29</td><td>.64</td><td>29.</td><td>2.41</td><td>2.85</td><td>2.83</td><td>.53</td></tr><tr><td>Oct.</td><td>2.60</td><td>3.14</td><td>.54</td><td>Dec.</td><td>6.</td><td>2.37</td><td>2.82</td><td>2.82</td><td>.53</td></tr><tr><td>Nov.</td><td>2.46</td><td>2.93</td><td>.47</td><td>13.</td><td>2.32</td><td>2.80</td><td>2.80</td><td>.52</td></tr><tr><td>Dec.</td><td>2.35</td><td>2.86</td><td>.51</td><td>20.</td><td>2.30</td><td>2.79</td><td>2.78</td><td>.50</td></tr><tr><td>1940-Jan.</td><td>2.30</td><td>2.81</td><td>.51</td><td>1940-Jan.</td><td>3.</td><td>2.29</td><td>2.77</td><td>2.77</td><td>.49</td></tr><tr><td>Feb.</td><td>2.32</td><td>2.79</td><td>.47</td><td>10.</td><td>2.28</td><td>2.76</td><td>2.76</td><td>.48</td></tr><tr><td>Mar.</td><td>2.25</td><td>2.77</td><td>.52</td><td>17.</td><td>2.32</td><td>2.75</td><td>2.75</td><td>.52</td></tr><tr><td>Apr.</td><td>2.25</td><td>2.74</td><td>.49</td><td>24.</td><td>2.30</td><td>2.74</td><td>2.74</td><td>.49</td></tr><tr><td>May.</td><td>2.38</td><td>2.87</td><td>.49</td><td>31.</td><td>2.33</td><td>2.72</td><td>2.72</td><td>.51</td></tr><tr><td>June.</td><td>2.39</td><td>2.93</td><td>.54</td><td>Feb.</td><td>7.</td><td>2.32</td><td>2.79</td><td>2.79</td><td>.47</td></tr><tr><td>Weekly, Wednesday closing prices 3/:</td><td></td><td></td><td></td><td>14.</td><td>2.32</td><td>2.78</td><td>2.78</td><td>.46</td></tr><tr><td>1939-Apr.</td><td>5.</td><td>2.30</td><td>.62</td><td>21.</td><td>2.32</td><td>2.79</td><td>2.79</td><td>.47</td></tr><tr><td>12.</td><td>2.32</td><td>2.92</td><td>.60</td><td>28.</td><td>2.33</td><td>2.80</td><td>2.80</td><td>.47</td></tr><tr><td>19.</td><td>2.29</td><td>2.91</td><td>.62</td><td>Mar.</td><td>6.</td><td>2.28</td><td>2.79</td><td>.51</td></tr><tr><td>26.</td><td>2.27</td><td>2.91</td><td>.64</td><td>13.</td><td>2.25</td><td>2.77</td><td>2.77</td><td>.52</td></tr><tr><td>May</td><td>3.</td><td>2.25</td><td>.66</td><td>20.</td><td>2.26</td><td>2.75</td><td>2.75</td><td>.49</td></tr><tr><td>10.</td><td>2.16</td><td>2.87</td><td>.71</td><td>27.</td><td>2.23</td><td>2.72</td><td>2.72</td><td>.53</td></tr><tr><td>17.</td><td>2.14</td><td>2.84</td><td>.70</td><td>Apr.</td><td>3.</td><td>2.19</td><td>2.74</td><td>.49</td></tr><tr><td>24.</td><td>2.13</td><td>2.83</td><td>.70</td><td>10.</td><td>2.25</td><td>2.74</td><td>2.74</td><td>.52</td></tr><tr><td>31.</td><td>2.13</td><td>2.83</td><td>.70</td><td>17.</td><td>2.26</td><td>2.78</td><td>2.78</td><td>.48</td></tr><tr><td>June</td><td>7.</td><td>2.08</td><td>.73</td><td>24.</td><td>2.28</td><td>2.76</td><td>2.76</td><td>.49</td></tr><tr><td>14.</td><td>2.12</td><td>2.78</td><td>.66</td><td>May</td><td>1.</td><td>2.25</td><td>2.74</td><td>2.74</td><td>.49</td></tr><tr><td>21.</td><td>2.16</td><td>2.77</td><td>.61</td><td>8.</td><td>2.26</td><td>2.71</td><td>2.71</td><td>.45</td></tr><tr><td>28.</td><td>2.17</td><td>2.76</td><td>.59</td><td>15.</td><td>2.44</td><td>2.92</td><td>2.92</td><td>.48</td></tr><tr><td>July</td><td>5.</td><td>2.20</td><td>.56</td><td>22.</td><td>2.46</td><td>2.98</td><td>2.98</td><td>.52</td></tr><tr><td>12.</td><td>2.16</td><td>2.76</td><td>.60</td><td>29.</td><td>2.47</td><td>2.99</td><td>2.99</td><td>.52</td></tr><tr><td>19.</td><td>2.17</td><td>2.76</td><td>.59</td><td>June</td><td>5.</td><td>2.49</td><td>2.98</td><td>2.98</td><td>.49</td></tr><tr><td>26.</td><td>2.14</td><td>2.74</td><td>.60</td><td>12.</td><td>2.41</td><td>2.98</td><td>2.98</td><td>.57</td></tr><tr><td>Aug.</td><td>2.</td><td>2.14</td><td>.73</td><td>19.</td><td>2.34</td><td>2.91</td><td>2.91</td><td>.57</td></tr><tr><td>9.</td><td>2.17</td><td>2.74</td><td>.57</td><td>26.</td><td>2.34</td><td>2.88</td><td>2.88</td><td>.54</td></tr><tr><td>16.</td><td>2.17</td><td>2.76</td><td>.59</td><td>July</td><td>3.</td><td>2.29</td><td>2.85</td><td>2.85</td><td>.56</td></tr><tr><td>23.</td><td>2.24</td><td>2.81</td><td>.57</td><td>10.</td><td>2.30</td><td>2.86</td><td>2.86</td><td>.56</td></tr><tr><td>30.</td><td>2.27</td><td>2.88</td><td>.61</td><td>17.</td><td>2.28</td><td>2.85</td><td>2.85</td><td>.57</td></tr><tr><td>Sept.</td><td>6.</td><td>2.56</td><td>.85</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>13.</td><td>2.64</td><td>3.33</td><td>.69</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>20.</td><td>2.72</td><td>3.31</td><td>.59</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>27.</td><td>2.74</td><td>3.29</td><td>.55</td><td></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
and Average Of High-Grade Corporate Bonds
Yields Based on Wednesday Quotations
* Brook in line indicates change in composition of Long-term Treasury average
28
YIELDS OF TREASURY BONDS AND NOTES
JULY 15, 1940
Based on Closing Prices
Note For callable bonds, yields are computed to, and issues plotted as of, the earliest call date if the bond is selling above par, and as of the final maturity date if the bond is selling below par. The smooth curves are fitted by eye. Dollar amounts shown in descriptions of issues are in millions and has expired are excluded issues for which an exchange offer has been made and has expired.
29
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES
30
31
Governmental Corporations and Credit Agencies of the United States: May 31, 1940
(Compiled from latest reports received from these agencies)
(In millions of dollars)
Proprietary Interest of the United
States in Governmental Corporations and Lending Agencies: May 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>1,672.5</td><td>1,099.4</td><td>123.8</td><td>-</td><td>449.3</td></tr><tr><td>Commodity Credit Corp.</td><td>691.9</td><td>407.3</td><td>184.6</td><td>-</td><td>100.0</td></tr><tr><td>Export-Import Bank of Washington</td><td>79.6</td><td>-</td><td>.4</td><td>-</td><td>79.2</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>14.5</td><td>-</td><td>7.5</td><td>-</td><td>7.0</td></tr><tr><td>Federal Deposit Insurance Corp.</td><td>504.9</td><td>-</td><td>215.6</td><td>139.3</td><td>150.0</td></tr><tr><td>Tennessee Valley Authority</td><td>332.9</td><td>-</td><td>14.8</td><td>-</td><td>318.1</td></tr><tr><td>Public Works Administration</td><td>91.5</td><td>-</td><td>-</td><td>-</td><td>91.5</td></tr><tr><td>United States Maritime Commission</td><td>242.1</td><td>-</td><td>60.1</td><td>-</td><td>182.0</td></tr><tr><td>Rural Electrification Admin.</td><td>216.8</td><td>-</td><td>-</td><td>-</td><td>216.8</td></tr><tr><td>Home Owners' Loan Corp.</td><td>2,761.4</td><td>2,599.2</td><td>68.0</td><td>-</td><td>40.2</td></tr><tr><td>Federal Savings & Loan Insurance Corp.</td><td>124.4</td><td>-</td><td>1.3</td><td>-</td><td>123.1</td></tr><tr><td>Federal Home Loan Banks</td><td>261.1</td><td>-</td><td>83.5</td><td>52.9</td><td>124.7</td></tr><tr><td>Federal Housing Admin.</td><td>59.6</td><td>7.3</td><td>3.9</td><td>-</td><td>48.4</td></tr><tr><td>Federal National Mortgage Assn.</td><td>165.5</td><td>-</td><td>58.7</td><td>-</td><td>76.8</td></tr><tr><td>United States Housing Authority</td><td>302.7</td><td>114.7</td><td>4.9</td><td>-</td><td>183.1</td></tr><tr><td>Farm Credit Administration</td><td>288.4</td><td>-</td><td>192.8</td><td>-</td><td>95.6</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>1,512.7</td><td>1,276.8</td><td>37.5</td><td>-</td><td>198.4</td></tr><tr><td>Federal Land Banks</td><td>2,304.2</td><td>-</td><td>1,791.0</td><td>208.2</td><td>305.0</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>321.4</td><td>-</td><td>207.1</td><td>-</td><td>114.3</td></tr><tr><td>Banks for Cooperatives</td><td>171.7</td><td>-</td><td>3.0</td><td>3.8</td><td>170.9</td></tr><tr><td>Production Credit Corp.</td><td>122.6</td><td>-</td><td>.4</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 corps. & agencies (in liquidation): Navy Department (sale 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>1.5</td><td>-</td><td>-</td><td>-</td><td>1.5</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 Bruce 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. Electric Home and Farm Authority</td><td>22.8</td><td>-</td><td>.1</td><td>-</td><td>22.7</td></tr><tr><td>Farm Security Administration</td><td>13.4</td><td>-</td><td>12.3</td><td>-</td><td>1.1</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>302.6</td><td>-</td><td>-</td><td>-</td><td>302.6</td></tr><tr><td>Interior Department (Indian loans)</td><td>8.6</td><td>-</td><td>.2</td><td>-</td><td>8.4</td></tr><tr><td>Inland Waterways Corp.</td><td>2.9</td><td>-</td><td>-</td><td>-</td><td>2.9</td></tr><tr><td>Panama Railroad Co.</td><td>25.5</td><td>-</td><td>1.2</td><td>-</td><td>24.3</td></tr><tr><td>Puerto Rico Reconstruction Admin.</td><td>49.7</td><td>-</td><td>1.4</td><td>-</td><td>48.3</td></tr><tr><td>RFC Mortgage Company</td><td>8.1</td><td>-</td><td>-</td><td>-</td><td>8.1</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>62.1</td><td>-</td><td>1.8</td><td>-</td><td>60.3</td></tr><tr><td>Treasury Department: Federal Savings & Loan Assn.</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Railroad loans (Transportation Act, 1920)</td><td>34.1</td><td>-</td><td>-</td><td>-</td><td>34.1</td></tr><tr><td>Securities resolved by the Bureau of Internal Revenue in settlement of tax liabilities</td><td>30.2</td><td>-</td><td>-</td><td>-</td><td>30.2</td></tr><tr><td>Securities received from the Reconstruction Finance Corp. under Act of Feb. 24, 1938</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Total</td><td>12,446.5</td><td>5,564.7</td><td>3,108.1</td><td>404.1</td><td>3,769.6</td></tr></table>
Note: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. Excluding inter-agency transactions
<table><tr><th></th><th>Capital Stock</th><th>Surplus</th><th>Inter-agency transactions</th><th>Net proprietary interest of the U. S.</th></tr><tr><td><b>Stocks:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corp.</td><td>500.0</td><td>255.5</td><td>336.22/</td><td>449.3</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>4.2</td><td>-</td><td>79.2</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>8.0</td><td>-</td><td>1.02/</td><td>7.0</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>74.81/</td><td>100.02/</td><td>25.2 1/</td></tr><tr><td>Federal Savings and Loan Insurance Corp.</td><td>100.0</td><td>23.1</td><td>-</td><td>123.1</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>137.0</td><td>-</td><td>138.1 1/</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>200.0</td><td>-</td><td>1.62/</td><td>198.4</td></tr><tr><td>Federal Land Banks.</td><td>124.7</td><td>187.3</td><td>7.02/</td><td>305.0</td></tr><tr><td>Federal Intermediate Credit Banks.</td><td>70.0</td><td>50.3</td><td>6.02/</td><td>114.3</td></tr><tr><td>Banks for Cooperatives.</td><td>149.0</td><td>15.9</td><td>6.0</td><td>170.9</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>32.31/</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>1.31/</td><td>1/</td><td>22.7</td></tr><tr><td>Electric Home and Farm Authority.</td><td>.9</td><td>.2</td><td>1/</td><td>1.1</td></tr><tr><td>Federal National Mortgage Assn.</td><td>10.0</td><td>5.3</td><td>61.5</td><td>76.8</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>42.1</td><td>.82/</td><td>49.3</td></tr><tr><td>HFO Mortgage Company.</td><td>25.0</td><td>.2</td><td>35.1</td><td>60.3</td></tr><tr><td>TTA Cooperatives, Inc.</td><td>1/</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td><b>Total.</b></td><td>2,040.5</td><td>672.6</td><td>349.62/</td><td>2,363.5</td></tr><tr><td><b>Non-Stock:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Tennessee Valley Authority.</td><td></td><td></td><td></td><td>267.8 1/</td></tr><tr><td>Public Works Admn.</td><td></td><td></td><td></td><td>91.5</td></tr><tr><td>U. S. Maritime Commission.</td><td></td><td></td><td></td><td>182.0</td></tr><tr><td>Rural Electrification Admn.</td><td></td><td></td><td></td><td>216.8</td></tr><tr><td>Federal Housing Admn.</td><td></td><td></td><td></td><td>49.4</td></tr><tr><td>Farm Credit Admn.</td><td></td><td></td><td></td><td>95.6</td></tr><tr><td>Navy 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>302.6</td></tr><tr><td>Federal Prisons Industries, Inc</td><td></td><td></td><td></td><td>8.4</td></tr><tr><td>Interior Department (Indian loans).</td><td></td><td></td><td></td><td>2.9</td></tr><tr><td>Puerto Rico Reconstruction Admn.</td><td></td><td></td><td></td><td>8.1</td></tr><tr><td>Railroad Loans (Transportation Act, 1920).</td><td></td><td></td><td></td><td>30.2</td></tr><tr><td>Securities received from HFO (Act Feb. 24, 1938).</td><td></td><td></td><td></td><td>2.4</td></tr><tr><td>War Finance Corporation.</td><td></td><td></td><td></td><td>-</td></tr><tr><td>Securities received by the Bureau of Internal Revenue in settlement of tax liabilities.</td><td></td><td></td><td></td><td>.2</td></tr><tr><td><b>Total.</b></td><td></td><td></td><td></td><td>1,261.6</td></tr><tr><td><b>Special Obligations</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Hold by Treasury:</td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Savings and Loan Ascn.</td><td></td><td></td><td></td><td>34.1</td></tr><tr><td>Home Owners' Loan Corp.</td><td></td><td></td><td></td><td>15.0</td></tr><tr><td>U. S. Housing Authority.</td><td></td><td></td><td></td><td>45.1</td></tr><tr><td>Tennessee Valley Authority.</td><td></td><td></td><td></td><td>50.3</td></tr><tr><td><b>Total.</b></td><td></td><td></td><td></td><td>144.6</td></tr><tr><td><b>Grand Total.</b></td><td></td><td></td><td></td><td>3,769.6</td></tr></table>
Note: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. Excluding inter-agency transactions. Less than $100,000. Excess inter-agency assets (deduct). Deficit. Exclusive of special obligations held by the Treasury shown at end of statement.
32
Sources of Funds of Certain Governmental Corporations and Agencies for the First 11 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, rediscounts, 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>-</td><td>-</td><td>$243,047,627</td><td>$276,668,000</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>$9,344,962</td><td>$62,436,094</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>5,000,000</td><td>$5,900,000</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>$8,992,200</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>2,301,230</td><td>-</td><td>45,000,000</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>137,000</td></tr><tr><td>Disaster Loan Corporation</td><td>$4,000,000 3/</td><td>1,006,006</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>2,415,238</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>33,267,278</td><td>-</td><td>-</td><td>-</td></tr><tr><td>IPO Mortgage Company 2/</td><td>-</td><td>3,654,760</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>169,246,110</td><td>100,304,138</td><td>213,047,627</td><td>284,789,038</td><td>31,137,000</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans by</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 2/</td><td>$4,981,161</td><td>$262,733,591</td><td>$55,194,875</td><td>$7,315,751</td><td>$363,845,752</td></tr><tr><td>Commodity Credit Corporation</td><td>21,389,590</td><td>90,909,376</td><td>5,726,121</td><td>1,753,908</td><td>429,998,913</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>3,822,851</td><td>1,047,853</td><td>66,213</td><td>34,536,929</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>26,968,575</td><td>51,097,160</td><td>519,088</td><td>78,584,823</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,063,048</td><td>3,803,801</td><td>1,100</td><td>106,649,005</td></tr><tr><td>Home Owners' Loan Corporation</td><td>40,828,030</td><td>161,316,737</td><td>114,519,197</td><td>11,251,408</td><td>277,015,372</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>5,819,038</td><td>75,874</td><td>5,890,912</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>115,981,616</td><td>4,499,259</td><td>2,575,690</td><td>84,064,325</td></tr><tr><td>United States Housing Authority</td><td>774,048</td><td>140,712,714</td><td>5,517,997</td><td>26,798</td><td>194,333,587</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>4,105,583</td><td>61,694,336</td><td>58,878,363</td><td>954,093</td><td>15,614,375</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>24,353,097</td><td>1,249,235</td><td>35,661</td><td>25,774,993</td></tr><tr><td>Disaster Loan Corporation</td><td>27,010</td><td>1,725,709</td><td>282,764</td><td>63,729</td><td>9,105,218</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>6,176,903</td><td>930,937</td><td>55,390</td><td>9,578,428</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>11,689</td><td>9,449,606</td><td>6,358,397</td><td>694,026</td><td>49,780,996</td></tr><tr><td>IPC Mortgage Company 2/</td><td>388,023</td><td>16,389,566</td><td>2,309,861</td><td>-</td><td>22,741,610</td></tr><tr><td>Total</td><td>72,505,934</td><td>923,297,125</td><td>317,830,268</td><td>25,392,651</td><td>1,707,515,237</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.
h Receipts from the sale of property in liquidation of loans are shown as "Sale of Other Property Acquired".
f Excess of retirements; default.
33
Uses of Funds of Certain Governmental Corporations and Agencies for the First 11 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury - Expenditures on beads of checks issued)
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$8,425,257</td><td>$889,554</td><td>-</td><td>$231,381,081</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>4,407,774</td><td>-</td><td>$46,346,357</td><td>338,648,638</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>68,853</td><td>2,624</td><td>-</td><td>22,195,519</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>3,119,179</td><td>-</td><td>-</td><td>55,962,310</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,462,614</td><td>-</td><td>-</td><td>93,768,819</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>21,482,866</td><td>32,788,981</td><td>20,429,605</td><td>68,394,673</td><td>$241,927,050</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>225,548</td><td>6,956</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>1,045,518</td><td>-</td><td>-</td><td>84,528,614</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>4,984,018</td><td>1,443,266</td><td>461,108</td><td>188,493,137</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>8,034,510</td><td>1,469,580</td><td>3,221,622</td><td>24,716,319</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>110,397</td><td>-</td><td>-</td><td>25,042,262</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>697,667</td><td>10,947</td><td>-</td><td>8,396,604</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>411,127</td><td>216,673</td><td>-</td><td>8,814,732</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>857,490</td><td>847,014</td><td>-</td><td>46,135,337</td><td>-</td></tr><tr><td>RFC Mortgage Company 2/</td><td>678,468</td><td>1,121,376</td><td>-</td><td>19,586,433</td><td>-</td></tr><tr><td>Total</td><td>57,011,286</td><td>38,796,971</td><td>70,458,692</td><td>1,216,064,478</td><td>241,927,050</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</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>$31,000,000</td><td>$38,526,013</td><td>$10,305,074</td><td>$8,652,105</td><td>$329,479,084</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>24,625,371</td><td>2,517,562</td><td>14,149,614</td><td>430,695,316</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>12,600,000</td><td>-</td><td>79,610</td><td>34,946,606</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>20,041,979</td><td>-</td><td>-</td><td>185,006</td><td>79,308,474</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,215,960</td><td>164,124</td><td>97,611,517</td></tr><tr><td>Home Owners' Loan Corporation</td><td>10,194,679</td><td>-</td><td>53,289,578</td><td>-</td><td>428,118,078</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>4,849,847</td><td>-</td><td>720,823 3/</td><td>23,256</td><td>5,826,430</td></tr><tr><td>Federal Home Loan Banks</td><td>5,894,085</td><td>-</td><td>2,996,809</td><td>63,487</td><td>94,528,513</td></tr><tr><td>United States Housing Authority</td><td>2,100,000</td><td>-</td><td>1,633,330</td><td>-</td><td>199,114,859</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>17,340,000*</td><td>-</td><td>38,952,219</td><td>2,818,862</td><td>61,873,112</td></tr><tr><td>Central Bank for Cooperatives</td><td>7,279,810*</td><td>4,176,726</td><td>49,523</td><td>116,575</td><td>22,215,673</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,105,218</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>76,010</td><td>2,998</td><td>9,521,940</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>-</td><td>1,900,445</td><td>40,710</td><td>49,780,996</td></tr><tr><td>RPC Mortgage Company 2/</td><td>-</td><td>-</td><td>1,180,157</td><td>180,476</td><td>22,746,910</td></tr><tr><td>Total</td><td>29,071,426</td><td>80,228,110</td><td>114,837,490</td><td>26,476,823</td><td>1,874,672,326</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.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
*Excess of sales over purchases; deduct.
34
Sources of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to May 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, redevoucements, 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>$1,096,357,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>313,885,323</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>108,451,696</td><td>$126,283,669</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000</td><td>-</td><td>$15,000,000</td><td>3,114,453,550</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000,000</td></tr><tr><td>Federal Home Loan Banks</td><td>124,741,000</td><td>-</td><td>-</td><td>90,593,975</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>32,657,453</td><td>-</td><td>45,000,000</td><td>114,157,000</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>200,000,000</td><td>-</td><td>-</td><td>1,269,387,900</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>50,000,000</td><td>1,071,299</td><td>-</td><td>-</td><td>508,000</td></tr><tr><td>Disaster Loan Corporation</td><td>22,000,000</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>10,496,850</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>58,167,283</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>33,509,396</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Total</td><td>1,703,765,472</td><td>219,031,647</td><td>60,000,000</td><td>6,187,480,285</td><td>351,807,557</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>$18,259,770</td><td>$4,940,592,956</td><td>$549,963,398</td><td>$66,697,237</td><td>$7,171,870,351</td></tr><tr><td>Commodity Credit Corporation</td><td>29,086,835</td><td>659,434,501</td><td>15,234,934</td><td>2,276,467</td><td>1,126,712,060</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>35,794,560</td><td>5,575,250</td><td>701,119</td><td>117,076,929</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>44,446,044</td><td>240,466,207</td><td>3,725,248</td><td>577,937,856</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,496,807</td><td>5,125,483</td><td>524</td><td>241,388,179</td></tr><tr><td>Home Owners' Loan Corporation</td><td>81,866,101</td><td>762,318,774</td><td>754,290,550</td><td>14,541,998</td><td>4,942,472,973</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>28,806,717</td><td>120,348</td><td>128,927,065</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>470,043,443</td><td>34,169,938</td><td>36,454,361</td><td>756,002,717</td></tr><tr><td>United States Housing Authority</td><td>774,548</td><td>141,510,012</td><td>11,240,130</td><td>177,523</td><td>345,516,966</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>8,801,337</td><td>243,029,597</td><td>366,783,817</td><td>9,251,853</td><td>2,097,254,504</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>188,869,328</td><td>9,628,329</td><td>2,341,306</td><td>252,418,262</td></tr><tr><td>Disaster Loan Corporation</td><td>38,246</td><td>4,110,936</td><td>540,211</td><td>113,350</td><td>28,802,753</td></tr><tr><td>Electro Home and Farm Authority</td><td>-</td><td>14,421,491</td><td>2,473,685</td><td>236,502</td><td>28,628,538</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>11,689</td><td>14,164,451</td><td>10,119,365</td><td>2,932,291</td><td>151,635,079</td></tr><tr><td>EPC Mortgage Company 2/</td><td>390,827</td><td>95,200,444</td><td>9,248,388</td><td>2,980,950</td><td>166,330,003</td></tr><tr><td>Total</td><td>139,231,653</td><td>7,615,434,144</td><td>2,043,666,402</td><td>142,557,087</td><td>18,462,974,247</td></tr></table>
Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. 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. 
$3,000,000 S.I.R.A.; $97,000,000 R.F.C. included in notes canceled by the Treasury (see footnote 4); and $213,885,322.78 restoration of capital impairment, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938. 
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. 
Retirement of these obligations shown as "Retirement of Obligations Issued in Exchange for Mortgages" in the statement of uses of funds. 
Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of Other Property Acquired".
35
Uses of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to May 31, 1940
(Compiled from latest reports received by the Treasury - Expenditures on basis of checks issued)
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corporation 2/</td><td>$73,352,036</td><td>$6,344,550</td><td>-</td><td>$5,536,259,687</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>8,565,272</td><td>-</td><td>$49,228,867</td><td>1,302,604,368</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>371,110</td><td>2,832</td><td>-</td><td>84,630,714</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>19,686,921</td><td>-</td><td>-</td><td>134,148,081</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>8,067,977</td><td>-</td><td>-</td><td>216,106,643</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>195,943,541</td><td>90,622,474</td><td>122,034,332</td><td>3,241,280,394</td><td>$472,975,575</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,001,909</td><td>17,184</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>8,204,474</td><td>-</td><td>-</td><td>607,552,005</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>9,751,587</td><td>4,115,256</td><td>26,112,148</td><td>247,443,264</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>61,727,258</td><td>3,300,247</td><td>9,892,057</td><td>990,352,554</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>724,274</td><td>-</td><td>-</td><td>202,488,459</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,149,509</td><td>84,168</td><td>-</td><td>25,692,925</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,397,732</td><td>545,636</td><td>-</td><td>25,895,410</td><td>-</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>1,542,459</td><td>1,303,278</td><td>-</td><td>176,094,093</td><td>-</td></tr><tr><td>HFC Mortgage Company 2/</td><td>3,563,117</td><td>3,143,148</td><td>-</td><td>155,827,334</td><td>-</td></tr><tr><td>Total</td><td>396,049,196</td><td>109,478,773</td><td>207,267,404</td><td>13,946,435,931</td><td>$472,975,575</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) $</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>$163,803,898</td><td>$232,085,068</td><td>$13,036,979</td><td>$7,136,883,238</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$1,112,638</td><td>$19,579,913</td><td>$14,657,822</td><td>$1,425,808,890</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>$28,900,000</td><td>$2,262,329</td><td>$543,801</td><td>$116,710,786</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>$363,537,836</td><td>-</td><td>$1,979,985</td><td>$737,755</td><td>$560,090,578</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>$1,763,673</td><td>$347,910</td><td>$226,286,203</td></tr><tr><td>Home Owners' Loan Corporation</td><td>$306,264,285</td><td>-</td><td>$115,499,147</td><td>$6,502,295</td><td>$4,853,122,343</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>$122,768,986</td><td>-</td><td>$4,142,219</td><td>$612,000</td><td>$128,542,298</td></tr><tr><td>Federal Home Loan Banks</td><td>$54,881,427</td><td>-</td><td>$17,413,785</td><td>$209,419</td><td>$683,261,110</td></tr><tr><td>United States Housing Authority</td><td>$3,800,000</td><td>-</td><td>$1,691,795</td><td>$60,858</td><td>$292,974,906</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>$761,614,840</td><td>-</td><td>$230,814,449</td><td>$13,809,659</td><td>$2,071,511,064</td></tr><tr><td>Central Bank for Cooperatives</td><td>$38,230,191</td><td>-</td><td>$472,819</td><td>$3,174,694</td><td>$245,090,437</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>$874,957</td><td>-</td><td>$194</td><td>$28,801,753</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>$195,741</td><td>$186,694</td><td>$28,221,213</td></tr><tr><td>Federal National Mortgage Association 2/</td><td>-</td><td>-</td><td>$2,625,396</td><td>$69,853</td><td>$13,635,079</td></tr><tr><td>RFC Mortgage Company 2/</td><td>-</td><td>-</td><td>$3,735,308</td><td>$59,947</td><td>$166,328,854</td></tr><tr><td>Total</td><td>$1,763,097,565</td><td>$224,691,493</td><td>$974,262,927</td><td>$56,009,880</td><td>$18,190,268,744</td></tr></table>
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 latter two corporations with the Reconstruction Finance Corporation figures.
Includes U. S. Government Bonds in the amount of $356,711,174 as follows: Federal Deposit Insurance Corporation $275,047,695; Federal Savings and Loan Insurance Corporation, $14,664,500; U. S. Housing Authority, $3,800,000; The Banks for Cooperatives, $24,065,000; Federal Home Loan Banks, $35,533,979; and Home Owners Loan Corporation, $3,600,000.
Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
36
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>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>.1</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-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>2,764.6</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>5,663.1</td><td>406.8</td><td>1,269.7</td><td>6.1</td><td>2,770.2</td><td>1,096.1</td><td>114.2</td></tr><tr><td>Apr.</td><td>5,656.8</td><td>406.8</td><td>1,269.7</td><td>6.6</td><td>2,763.2</td><td>1,096.3</td><td>114.2</td></tr><tr><td>May</td><td>5,535.4</td><td>406.8</td><td>1,269.7</td><td>7.2</td><td>2,641.2*</td><td>1,096.3</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
37
38
Net Capital Movement between the United States and Foreign Countries
1935 through April 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>Mother-lande</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><b>NET CAPITAL MOVEMENT:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>1,412,456</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</td><td>1,200,596</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td></tr><tr><td>Jan. 1, 1935-Dec. 30, 1936...</td><td>1,193,922</td><td>274,401</td><td>59,296</td><td>46,527</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>830,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td></tr><tr><td>Dec. 30, 1935-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>209,357</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>385,655</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>115,689</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>53,237</td></tr><tr><td>Jan. 3, 1940-May 1, 1940...</td><td>168,184</td><td>-155,005</td><td>-7,198</td><td>2,183</td><td>27,477</td><td>12,202</td><td>108,859</td><td>113,018</td><td>101,536</td><td>-2,941</td><td>55,856</td><td>29,356</td><td>-15,621</td></tr><tr><td>Total</td><td>5,048,615</td><td>946,441</td><td>461,529</td><td>168,099</td><td>85,574</td><td>482,486</td><td>881,827</td><td>866,039</td><td>3,891,995</td><td>225,409</td><td>539,243</td><td>320,236</td><td>71,732</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-Apr. 10...</td><td>-14,550</td><td>-29,575</td><td>-2,618</td><td>-772</td><td>-5,935</td><td>-450</td><td>-2,153</td><td>5,345</td><td>-36,358</td><td>10,388</td><td>2,712</td><td>7,876</td><td>832</td></tr><tr><td>Apr. 17...</td><td>34,319</td><td>9,596</td><td>2,168</td><td>1,365</td><td>2,906</td><td>8,435</td><td>-2,427</td><td>-5,753</td><td>16,290</td><td>-1,485</td><td>11,600</td><td>5,136</td><td>2,778</td></tr><tr><td>Apr. 24...</td><td>42,224</td><td>2,097</td><td>1,208</td><td>-1,167</td><td>7,101</td><td>8,996</td><td>26,600</td><td>-5,852</td><td>38,983</td><td>-2,813</td><td>257</td><td>8,695</td><td>-2,898</td></tr><tr><td>May 1...</td><td>-15,520</td><td>-18,247</td><td>-7,340</td><td>1,199</td><td>-2,184</td><td>-3,966</td><td>1,999</td><td>6,483</td><td>-22,056</td><td>7,174</td><td>3,949</td><td>-5,471</td><td>834</td></tr><tr><td>Total</td><td>46,473</td><td>-36,129</td><td>-6,782</td><td>625</td><td>1,888</td><td>13,015</td><td>24,019</td><td>223</td><td>-3,141</td><td>13,264</td><td>18,518</td><td>16,236</td><td>1,596</td></tr><tr><td><b>MOVEMENT IN SHORT-TERM BANKING FUNDS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>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, 1935-Dec. 30, 1936...</td><td>397,342</td><td>4,168</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 1935-Dec. 29, 1937...</td><td>255,594</td><td>55,151</td><td>-29,182</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,827</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>46,531</td></tr><tr><td>Jan. 3, 1940-May 1, 1940...</td><td>120,618</td><td>-118,497</td><td>-4,966</td><td>2,982</td><td>27,185</td><td>5,957</td><td>70,003</td><td>101,940</td><td>64,804</td><td>-16,636</td><td>52,939</td><td>15,658</td><td>-16,147</td></tr><tr><td>Total</td><td>3,092,841</td><td>509,802</td><td>324,950</td><td>160,649</td><td>62,567</td><td>209,800</td><td>435,552</td><td>600,399</td><td>2,303,719</td><td>214,382</td><td>320,638</td><td>210,534</td><td>43,568</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-Apr. 10...</td><td>-15,902</td><td>-25,485</td><td>-2,961</td><td>-769</td><td>-5,910</td><td>-1,581</td><td>-5,813</td><td>4,639</td><td>-37,681</td><td>11,125</td><td>2,289</td><td>7,274</td><td>1,231</td></tr><tr><td>Apr. 17...</td><td>23,367</td><td>9,398</td><td>1,706</td><td>1,416</td><td>2,952</td><td>8,428</td><td>-4,153</td><td>-6,947</td><td>12,800</td><td>-3,595</td><td>12,182</td><td>4,210</td><td>2,760</td></tr><tr><td>Apr. 24...</td><td>42,412</td><td>1,502</td><td>769</td><td>-1,102</td><td>7,089</td><td>9,087</td><td>25,749</td><td>-6,556</td><td>36,538</td><td>-2,924</td><td>3,377</td><td>8,569</td><td>-3,148</td></tr><tr><td>May 1...</td><td>-19,681</td><td>-17,157</td><td>-6,984</td><td>1,197</td><td>-2,308</td><td>-3,783</td><td>-640</td><td>6,301</td><td>-23,374</td><td>5,683</td><td>2,971</td><td>-5,822</td><td>861</td></tr><tr><td>Total</td><td>35,196</td><td>-31,743</td><td>-7,470</td><td>742</td><td>1,823</td><td>12,151</td><td>15,143</td><td>-2,563</td><td>-11,917</td><td>10,299</td><td>20,819</td><td>14,231</td><td>1,764</td></tr><tr><td><b>MOVEMENT IN BROKERAGE BALANCES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>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>-631</td></tr><tr><td>Jan. 1, 1935-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>852</td></tr><tr><td>Dec. 30, 1935-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>21,890</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>-474</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>2,590</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-May 1, 1940...</td><td>7,709</td><td>-1,015</td><td>-2,455</td><td>95</td><td>30</td><td>857</td><td>3,555</td><td>854</td><td>1,921</td><td>1,612</td><td>-1,910</td><td>6,359</td><td>-273</td></tr><tr><td>Total</td><td>87,611</td><td>18,546</td><td>17,651</td><td>-20</td><td>228</td><td>10,188</td><td>21,334</td><td>5,945</td><td>73,872</td><td>9,207</td><td>-297</td><td>3,027</td><td>1,802</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-Apr. 10...</td><td>-170</td><td>399</td><td>-208</td><td>24</td><td>38</td><td>1,169</td><td>372</td><td>-904</td><td>1,285</td><td>-511</td><td>-410</td><td>-511</td><td>-393</td></tr><tr><td>Apr. 17...</td><td>734</td><td>-452</td><td>688</td><td>-31</td><td>-41</td><td>-185</td><td>359</td><td>820</td><td>1,158</td><td>511</td><td>-680</td><td>-235</td><td>-20</td></tr><tr><td>Apr. 24...</td><td>-1,136</td><td>-230</td><td>69</td><td>-15</td><td>9</td><td>217</td><td>284</td><td>-2</td><td>332</td><td>-869</td><td>-628</td><td>-15</td><td>144</td></tr><tr><td>May 1...</td><td>99</td><td>-89</td><td>-283</td><td>28</td><td>22</td><td>-53</td><td>86</td><td>149</td><td>-140</td><td>36</td><td>-246</td><td>436</td><td>13</td></tr><tr><td>Total</td><td>-473</td><td>-572</td><td>266</td><td>6</td><td>28</td><td>1,144</td><td>1,100</td><td>463</td><td>2,635</td><td>-833</td><td>-1,594</td><td>-325</td><td>-356</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>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, 1935-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>29,640</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1935-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>223,559</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>6,158</td><td>-5,262</td><td>-568</td><td>-900</td><td>26,487</td><td>856</td><td>90,560</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>3,543</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-May 1, 1940...</td><td>-5,601</td><td>-41,959</td><td>-424</td><td>-515</td><td>55</td><td>3,607</td><td>30,300</td><td>5,205</td><td>-3,731</td><td>-5,864</td><td>-584</td><td>4,612</td><td>-34</td></tr><tr><td>Total</td><td>1,097,016</td><td>286,099</td><td>76,155</td><td>-28,729</td><td>-4,873</td><td>231,354</td><td>374,967</td><td>65,651</td><td>1,000,624</td><td>-8,488</td><td>29,531</td><td>61,121</td><td>14,228</td></tr><tr><td><b>Week ended</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-Apr. 10...</td><td>698</td><td>-4,455</td><td>310</td><td>-15</td><td>1</td><td>23</td><td>3,088</td><td>1,073</td><td>25</td><td>-473</td><td>257</td><td>983</td><td>-94</td></tr><tr><td>Apr. 17...</td><td>2,931</td><td>523</td><td>-206</td><td>1</td><td>22</td><td>255</td><td>1,194</td><td>-75</td><td>1,714</td><td>306</td><td>-146</td><td>1,112</td><td>-55</td></tr><tr><td>Apr. 24...</td><td>-1,542</td><td>185</td><td>325</td><td>-4</td><td>-10</td><td>-110</td><td>210</td><td>225</td><td>621</td><td>519</td><td>-2,737</td><td>37</td><td>18</td></tr><tr><td>May 1...</td><td>139</td><td>-1,357</td><td>-132</td><td>-15</td><td>-9</td><td>-68</td><td>2,356</td><td>-22</td><td>753</td><td>-493</td><td>23</td><td>-88</td><td>-56</td></tr><tr><td>Total</td><td>2,226</td><td>-5,104</td><td>297</td><td>-33</td><td>4</td><td>-100</td><td>6,848</td><td>1,201</td><td>3,113</td><td>-141</td><td>-2,603</td><td>2,044</td><td>-187</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN FOREIGN SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>125,158</td><td>67,757</td><td>6,818</td><td>13,275</td><td>2,949</td><td>7,408</td><td>-1,191</td><td>46,129</td><td>143,145</td><td>-39,715</td><td>12,700</td><td>7,914</td><td>1,114</td></tr><tr><td>Jan. 1, 1935-Dec. 30, 1936
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
39
40
Short-Term Foreign Liabilities as Reported by Banks and Pankers in the United States for April 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>Pirland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sorway</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><td></td></tr><tr><td>Apr. 10.</td><td>3,033,678</td><td>332,893</td><td>288,805</td><td>181,974</td><td>26,591</td><td>28,761</td><td>7,941</td><td>63,762</td><td>199,937</td><td>71,211</td><td>165,149</td><td>425,947</td><td>151,830</td><td>1,941,801</td><td>261,740</td><td></td></tr><tr><td>Apr. 17.</td><td>3,051,354</td><td>345,374</td><td>290,378</td><td>183,990</td><td>26,019</td><td>25,458</td><td>7,761</td><td>67,673</td><td>211,194</td><td>69,979</td><td>161,307</td><td>421,775</td><td>150,584</td><td>1,961,498</td><td>252,519</td><td></td></tr><tr><td>Apr. 24.</td><td>3,079,681</td><td>343,669</td><td>292,060</td><td>164,038</td><td>23,839</td><td>26,939</td><td>8,140</td><td>73,320</td><td>214,434</td><td>67,553</td><td>154,697</td><td>448,246</td><td>152,353</td><td>1,988,288</td><td>246,618</td><td></td></tr><tr><td>May 1.</td><td>3,075,613</td><td>326,590</td><td>285,740</td><td>183,675</td><td>23,030</td><td>27,195</td><td>8,474</td><td>71,517</td><td>213,086</td><td>67,862</td><td>158,855</td><td>447,569</td><td>155,892</td><td>1,969,855</td><td>255,334</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>2,965,581</td><td>265,217</td><td>286,942</td><td>160,620</td><td>26,545</td><td>28,750</td><td>7,812</td><td>63,417</td><td>196,067</td><td>70,658</td><td>165,782</td><td>425,196</td><td>151,478</td><td>1,884,684</td><td>259,768</td><td></td></tr><tr><td>Apr. 17.</td><td>2,981,301</td><td>297,626</td><td>288,168</td><td>182,893</td><td>25,995</td><td>25,447</td><td>7,514</td><td>67,317</td><td>206,815</td><td>69,673</td><td>160,673</td><td>420,980</td><td>150,229</td><td>1,903,330</td><td>250,235</td><td></td></tr><tr><td>Apr. 24.</td><td>3,011,273</td><td>296,570</td><td>288,877</td><td>182,918</td><td>23,813</td><td>26,926</td><td>7,971</td><td>72,950</td><td>210,425</td><td>67,167</td><td>154,048</td><td>447,538</td><td>151,987</td><td>1,931,190</td><td>246,830</td><td></td></tr><tr><td>May 1.</td><td>3,005,830</td><td>277,648</td><td>284,645</td><td>182,572</td><td>22,999</td><td>27,182</td><td>5,297</td><td>70,980</td><td>209,396</td><td>67,031</td><td>158,066</td><td>446,917</td><td>155,605</td><td>1,911,338</td><td>253,696</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>2,040,959</td><td>278,399</td><td>280,563</td><td>177,012</td><td>26,485</td><td>28,724</td><td>7,686</td><td>62,437</td><td>190,334</td><td>70,291</td><td>160,885</td><td>412,926</td><td>149,983</td><td>1,941,725</td><td>256,228</td><td></td></tr><tr><td>Apr. 17.</td><td>2,851,933</td><td>289,877</td><td>281,909</td><td>178,903</td><td>25,923</td><td>25,328</td><td>7,400</td><td>66,381</td><td>199,552</td><td>69,083</td><td>155,642</td><td>409,526</td><td>146,842</td><td>1,856,366</td><td>246,842</td><td></td></tr><tr><td>Apr. 24.</td><td>2,884,857</td><td>289,376</td><td>283,213</td><td>178,177</td><td>23,743</td><td>26,875</td><td>7,868</td><td>72,075</td><td>203,392</td><td>66,632</td><td>148,788</td><td>435,996</td><td>150,619</td><td>1,886,714</td><td>243,879</td><td></td></tr><tr><td>May 1.</td><td>2,882,932</td><td>270,265</td><td>278,538</td><td>177,366</td><td>22,931</td><td>27,142</td><td>8,161</td><td>69,583</td><td>203,938</td><td>66,517</td><td>152,951</td><td>436,152</td><td>154,337</td><td>1,867,901</td><td>251,040</td><td></td></tr><tr><td>Bills 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><td></td></tr><tr><td>Apr. 10.</td><td>87,160</td><td>5,835</td><td>1,585</td><td>3,772</td><td>48</td><td>9</td><td>68</td><td>557</td><td>5,317</td><td>414</td><td>4,879</td><td>9,837</td><td>843</td><td>33,164</td><td>1,099</td><td></td></tr><tr><td>Apr. 17.</td><td>89,291</td><td>6,691</td><td>1,496</td><td>3,985</td><td>56</td><td>26</td><td>57</td><td>601</td><td>6,828</td><td>447</td><td>5,012</td><td>8,995</td><td>865</td><td>35,049</td><td>981</td><td></td></tr><tr><td>Apr. 24.</td><td>89,033</td><td>5,922</td><td>874</td><td>4,450</td><td>57</td><td>34</td><td>44</td><td>486</td><td>6,607</td><td>414</td><td>5,282</td><td>8,975</td><td>927</td><td>34,062</td><td>1,026</td><td></td></tr><tr><td>May 1.</td><td>86,123</td><td>6,160</td><td>1,545</td><td>5,058</td><td>54</td><td>33</td><td>37</td><td>872</td><td>5,175</td><td>414</td><td>5,084</td><td>8,148</td><td>871</td><td>33,451</td><td>750</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>22,748</td><td>19</td><td>3,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,019</td><td>-</td><td></td></tr><tr><td>Apr. 17.</td><td>22,749</td><td>19</td><td>3,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,019</td><td>-</td><td></td></tr><tr><td>Apr. 24.</td><td>22,745</td><td>15</td><td>3,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,015</td><td>-</td><td></td></tr><tr><td>May 1.</td><td>22,751</td><td>14</td><td>3,000</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,018</td><td>-</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><td></td></tr><tr><td>Apr. 10.</td><td>14,714</td><td>964</td><td>1,794</td><td>36</td><td>12</td><td>17</td><td>58</td><td>423</td><td>416</td><td>153</td><td>18</td><td>2,433</td><td>652</td><td>6,976</td><td>2,445</td><td></td></tr><tr><td>Apr. 17.</td><td>17,268</td><td>1,039</td><td>1,773</td><td>5</td><td>16</td><td>93</td><td>57</td><td>335</td><td>435</td><td>143</td><td>19</td><td>2,459</td><td>2,522</td><td>8,896</td><td>2,412</td><td></td></tr><tr><td>Apr. 24.</td><td>14,608</td><td>1,257</td><td>1,790</td><td>261</td><td>13</td><td>17</td><td>59</td><td>389</td><td>426</td><td>121</td><td>18</td><td>2,567</td><td>411</td><td>7,379</td><td>1,923</td><td></td></tr><tr><td>May 1.</td><td>14,024</td><td>1,209</td><td>1,562</td><td>144</td><td>14</td><td>7</td><td>79</td><td>525</td><td>283</td><td>100</td><td>31</td><td>2,617</td><td>397</td><td>6,968</td><td>1,906</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>68,297</td><td>47,676</td><td>1,863</td><td>1,154</td><td>46</td><td>11</td><td>129</td><td>345</td><td>3,870</td><td>353</td><td>367</td><td>751</td><td>352</td><td>56,917</td><td>1,972</td><td></td></tr><tr><td>Apr. 17.</td><td>70,083</td><td>47,748</td><td>2,210</td><td>1,097</td><td>24</td><td>11</td><td>253</td><td>356</td><td>4,379</td><td>306</td><td>634</td><td>795</td><td>355</td><td>58,168</td><td>2,264</td><td></td></tr><tr><td>Apr. 24.</td><td>68,408</td><td>47,099</td><td>2,183</td><td>1,120</td><td>26</td><td>13</td><td>169</td><td>370</td><td>4,009</td><td>386</td><td>649</td><td>708</td><td>366</td><td>57,098</td><td>1,788</td><td></td></tr><tr><td>May 1.</td><td>69,783</td><td>48,942</td><td>2,095</td><td>1,103</td><td>21</td><td>13</td><td>177</td><td>337</td><td>3,690</td><td>431</td><td>799</td><td>652</td><td>287</td><td>58,547</td><td>1,638</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>16,590</td><td>5,710</td><td>178</td><td>923</td><td>40</td><td>11</td><td>128</td><td>306</td><td>628</td><td>118</td><td>295</td><td>535</td><td>314</td><td>9,186</td><td>937</td><td></td></tr><tr><td>Apr. 17.</td><td>17,632</td><td>5,781</td><td>382</td><td>884</td><td>19</td><td>11</td><td>108</td><td>319</td><td>1,310</td><td>123</td><td>391</td><td>561</td><td>325</td><td>10,214</td><td>929</td><td></td></tr><tr><td>Apr. 24.</td><td>16,672</td><td>5,142</td><td>303</td><td>905</td><td>20</td><td>13</td><td>114</td><td>337</td><td>1,022</td><td>140</td><td>428</td><td>489</td><td>334</td><td>9,247</td><td>743</td><td></td></tr><tr><td>May 1.</td><td>17,168</td><td>5,658</td><td>293</td><td>899</td><td>16</td><td>13</td><td>122</td><td>307</td><td>1,007</td><td>206</td><td>591</td><td>472</td><td>251</td><td>9,765</td><td>677</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>42,519</td><td>36,936</td><td>1,517</td><td>54</td><td>-</td><td>-</td><td>-</td><td>3</td><td>2,909</td><td>182</td><td>4</td><td>44</td><td>-</td><td>41,649</td><td>796</td><td></td></tr><tr><td>Apr. 17.</td><td>42,945</td><td>37,431</td><td>1,675</td><td>62</td><td>-</td><td>-</td><td>-</td><td>3</td><td>2,748</td><td>160</td><td>-</td><td>29</td><td>-</td><td>42,108</td><td>761</td><td></td></tr><tr><td>Apr. 24.</td><td>42,395</td><td>36,879</td><td>1,730</td><td>68</td><td>-</td><td>-</td><td>-</td><td>3</td><td>2,600</td><td>209</td><td>-</td><td>26</td><td>-</td><td>41,515</td><td>801</td><td></td></tr><tr><td>May 1.</td><td>43,643</td><td>38,499</td><td>1,722</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,331</td><td>197</td><td>-</td><td>24</td><td>-</td><td>42,777</td><td>786</td><td></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><td></td></tr><tr><td>Apr. 10.</td><td>9,185</td><td>5,030</td><td>168</td><td>177</td><td>6</td><td>-</td><td>1</td><td>36</td><td>333</td><td>53</td><td>68</td><td>172</td><td>38</td><td>6,082</td><td>239</td><td></td></tr><tr><td>Apr. 17.</td><td>9,306</td><td>4,536</td><td>153</td><td>151</td><td>5</td><td>-</td><td>145</td><td>34</td><td>321</td><td>23</td><td>243</td><td>209</td><td>30</td><td>5,846</td><td>594</td><td></td></tr><tr><td>Apr. 24.</td><td>9,341</td><td>5,078</td><td>150</td><td>147</td><td>6</td><td>-</td><td>55</td><td>30</td><td>387</td><td>37</td><td>221</td><td>193</td><td>32</td><td>6,336</td><td>244</td><td></td></tr><tr><td>May 1.</td><td>8,972</td><td>4,825</td><td>130</td><td>150</td><td>5</td><td>-</td><td>53</td><td>30</td><td>352</td><td>28</td><td>208</td><td>156</td><td>36</td><td>5,985</td><td>175</td><td></td></tr></table>
(Continued on following page)
41
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for April 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 other</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>Apr. 10</td><td>66,071</td><td>36,222</td><td>23,903</td><td>43,881</td><td>67,910</td><td>39,214</td><td>92,661</td><td>370,062</td><td>176,680</td><td>75,339</td><td>62,115</td><td>31,849</td><td>59,801</td><td>405,364</td><td>54,831</td></tr><tr><td>Apr. 17</td><td>73,926</td><td>38,261</td><td>24,091</td><td>43,744</td><td>68,839</td><td>41,898</td><td>93,008</td><td>387,767</td><td>176,638</td><td>76,912</td><td>48,886</td><td>32,645</td><td>60,612</td><td>395,722</td><td>57,878</td></tr><tr><td>Apr. 24</td><td>76,304</td><td>36,905</td><td>23,669</td><td>45,570</td><td>67,955</td><td>42,539</td><td>92,955</td><td>385,557</td><td>180,192</td><td>77,448</td><td>48,235</td><td>33,299</td><td>63,131</td><td>402,346</td><td>54,872</td></tr><tr><td>May 1</td><td>80,585</td><td>34,978</td><td>23,418</td><td>46,438</td><td>67,158</td><td>44,491</td><td>92,652</td><td>389,915</td><td>180,728</td><td>81,118</td><td>54,711</td><td>31,990</td><td>56,333</td><td>404,880</td><td>55,999</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>Apr. 10</td><td>66,039</td><td>36,209</td><td>23,903</td><td>43,488</td><td>67,805</td><td>39,214</td><td>92,645</td><td>369,306</td><td>176,058</td><td>71,768</td><td>58,313</td><td>31,807</td><td>58,993</td><td>396,939</td><td>54,664</td></tr><tr><td>Apr. 17</td><td>73,889</td><td>38,243</td><td>24,091</td><td>43,290</td><td>68,739</td><td>41,898</td><td>92,776</td><td>382,926</td><td>175,979</td><td>73,180</td><td>45,148</td><td>32,606</td><td>60,229</td><td>387,142</td><td>57,668</td></tr><tr><td>Apr. 24</td><td>76,347</td><td>36,892</td><td>23,669</td><td>45,157</td><td>67,448</td><td>42,539</td><td>92,718</td><td>384,770</td><td>179,585</td><td>73,543</td><td>44,999</td><td>33,278</td><td>62,827</td><td>393,633</td><td>54,690</td></tr><tr><td>May 1</td><td>80,545</td><td>34,960</td><td>23,418</td><td>46,009</td><td>67,025</td><td>44,491</td><td>92,630</td><td>389,078</td><td>180,245</td><td>77,071</td><td>51,077</td><td>31,969</td><td>55,938</td><td>396,300</td><td>55,418</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>Apr. 10</td><td>64,279</td><td>30,819</td><td>23,203</td><td>41,276</td><td>67,404</td><td>39,147</td><td>87,953</td><td>354,081</td><td>155,105</td><td>63,568</td><td>35,261</td><td>25,931</td><td>55,225</td><td>335,090</td><td>53,835</td></tr><tr><td>Apr. 17</td><td>72,208</td><td>32,668</td><td>23,384</td><td>41,763</td><td>68,448</td><td>41,844</td><td>88,014</td><td>368,329</td><td>155,137</td><td>65,035</td><td>22,346</td><td>25,117</td><td>55,901</td><td>323,517</td><td>56,639</td></tr><tr><td>Apr. 24</td><td>74,583</td><td>31,578</td><td>22,906</td><td>43,403</td><td>67,073</td><td>42,511</td><td>87,861</td><td>369,917</td><td>158,530</td><td>65,275</td><td>22,539</td><td>24,683</td><td>59,525</td><td>330,553</td><td>53,624</td></tr><tr><td>May 1</td><td>78,795</td><td>29,475</td><td>22,793</td><td>44,814</td><td>66,706</td><td>44,461</td><td>87,672</td><td>374,716</td><td>159,242</td><td>69,112</td><td>29,313</td><td>24,440</td><td>52,651</td><td>334,958</td><td>54,317</td></tr><tr><td>Bills 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>Apr. 10</td><td>1,210</td><td>5,304</td><td>687</td><td>2,173</td><td>267</td><td>65</td><td>4,126</td><td>13,892</td><td>7,169</td><td>1,478</td><td>22,303</td><td>4,822</td><td>2,552</td><td>38,330</td><td>689</td></tr><tr><td>Apr. 17</td><td>1,128</td><td>5,560</td><td>707</td><td>1,527</td><td>189</td><td>53</td><td>4,203</td><td>13,357</td><td>7,104</td><td>1,401</td><td>22,048</td><td>6,438</td><td>2,234</td><td>39,225</td><td>669</td></tr><tr><td>Apr. 24</td><td>1,214</td><td>5,289</td><td>750</td><td>1,715</td><td>236</td><td>27</td><td>4,279</td><td>13,510</td><td>7,325</td><td>1,553</td><td>21,303</td><td>7,551</td><td>2,017</td><td>39,749</td><td>684</td></tr><tr><td>May 1</td><td>1,249</td><td>5,462</td><td>612</td><td>1,156</td><td>181</td><td>29</td><td>4,383</td><td>13,072</td><td>7,255</td><td>1,232</td><td>21,017</td><td>6,486</td><td>1,920</td><td>37,910</td><td>940</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>Apr. 10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>6,200</td><td>25</td><td>-</td><td>4</td><td>19,729</td><td>-</td></tr><tr><td>Apr. 17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>6,200</td><td>26</td><td>-</td><td>4</td><td>19,730</td><td>-</td></tr><tr><td>Apr. 24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>6,200</td><td>26</td><td>-</td><td>4</td><td>19,730</td><td>-</td></tr><tr><td>May 1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,500</td><td>6,200</td><td>29</td><td>-</td><td>4</td><td>19,733</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>Apr. 10</td><td>550</td><td>26</td><td>13</td><td>39</td><td>137</td><td>2</td><td>566</td><td>1,333</td><td>284</td><td>526</td><td>724</td><td>1,054</td><td>1,212</td><td>3,800</td><td>160</td></tr><tr><td>Apr. 17</td><td>553</td><td>15</td><td>-</td><td>-</td><td>102</td><td>1</td><td>559</td><td>1,230</td><td>238</td><td>543</td><td>728</td><td>1,052</td><td>2,010</td><td>4,570</td><td>160</td></tr><tr><td>Apr. 24</td><td>550</td><td>25</td><td>13</td><td>39</td><td>137</td><td>1</td><td>578</td><td>1,343</td><td>231</td><td>514</td><td>731</td><td>1,044</td><td>1,281</td><td>3,801</td><td>168</td></tr><tr><td>May 1</td><td>501</td><td>23</td><td>13</td><td>39</td><td>138</td><td>1</td><td>573</td><td>1,290</td><td>243</td><td>527</td><td>718</td><td>1,043</td><td>1,163</td><td>3,699</td><td>161</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>Apr. 10</td><td>32</td><td>13</td><td>-</td><td>393</td><td>162</td><td>216</td><td>756</td><td>622</td><td>3,571</td><td>3,802</td><td>42</td><td>408</td><td>8,445</td><td>207</td></tr><tr><td>Apr. 17</td><td>37</td><td>18</td><td>-</td><td>454</td><td>100</td><td>232</td><td>841</td><td>699</td><td>3,761</td><td>3,738</td><td>39</td><td>387</td><td>8,580</td><td>210</td></tr><tr><td>Apr. 24</td><td>17</td><td>13</td><td>-</td><td>413</td><td>107</td><td>237</td><td>787</td><td>606</td><td>3,945</td><td>3,677</td><td>21</td><td>304</td><td>8,513</td><td>222</td></tr><tr><td>May 1</td><td>40</td><td>14</td><td>-</td><td>429</td><td>133</td><td>221</td><td>837</td><td>483</td><td>4,047</td><td>3,634</td><td>21</td><td>395</td><td>8,580</td><td>181</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>Apr. 10</td><td>29</td><td>13</td><td>-</td><td>393</td><td>25</td><td>133</td><td>793</td><td>608</td><td>3,155</td><td>1,733</td><td>42</td><td>264</td><td>5,902</td><td>72</td></tr><tr><td>Apr. 17</td><td>35</td><td>18</td><td>-</td><td>454</td><td>23</td><td>135</td><td>665</td><td>638</td><td>3,381</td><td>1,644</td><td>39</td><td>235</td><td>5,937</td><td>97</td></tr><tr><td>Apr. 24</td><td>16</td><td>13</td><td>-</td><td>413</td><td>33</td><td>138</td><td>613</td><td>591</td><td>3,353</td><td>1,641</td><td>21</td><td>157</td><td>5,973</td><td>96</td></tr><tr><td>May 1</td><td>38</td><td>14</td><td>-</td><td>429</td><td>30</td><td>121</td><td>632</td><td>465</td><td>3,711</td><td>1,572</td><td>21</td><td>238</td><td>6,007</td><td>67</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>Apr. 10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>64</td><td>-</td><td>-</td><td>64</td><td>16</td></tr><tr><td>Apr. 17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>65</td><td>-</td><td>-</td><td>65</td><td>11</td></tr><tr><td>Apr. 24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69</td><td>-</td><td>3</td><td>72</td><td>7</td></tr><tr><td>May 1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69</td><td>-</td><td>-</td><td>69</td><td>11</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>Apr. 10</td><td>3</td><td>-</td><td>-</td><td>-</td><td>77</td><td>63</td><td>163</td><td>14</td><td>416</td><td>2,005</td><td>-</td><td>144</td><td>2,579</td><td>125</td></tr><tr><td>Apr. 17</td><td>2</td><td>-</td><td>-</td><td>-</td><td>77</td><td>97</td><td>176</td><td>21</td><td>380</td><td>2,029</td><td>-</td><td>148</td><td>2,578</td><td>118</td></tr><tr><td>Apr. 24</td><td>1</td><td>-</td><td>-</td><td>-</td><td>74</td><td>95</td><td>174</td><td>15</td><td>382</td><td>1,927</td><td>-</td><td>144</td><td>2,468</td><td>119</td></tr><tr><td>May 1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>103</td><td>100</td><td>203</td><td>18</td><td>336</td><td>1,993</td><td>-</td><td>157</td><td>2,904</td><td>103</td></tr></table>
42
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for April 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>Apr. 10</td><td>525,025</td><td>36,837</td><td>5,982</td><td>7,898</td><td>1,450</td><td>1,004</td><td>50,345</td><td>17,363</td><td>8,541</td><td>3,744</td><td>4,246</td><td>5,756</td><td>29,449</td><td>172,615</td><td>42,672</td></tr><tr><td>Apr. 17</td><td>514,164</td><td>39,920</td><td>5,849</td><td>8,217</td><td>1,387</td><td>2,438</td><td>48,755</td><td>18,322</td><td>11,370</td><td>3,781</td><td>4,347</td><td>5,737</td><td>29,389</td><td>179,512</td><td>37,036</td></tr><tr><td>Apr. 24</td><td>500,049</td><td>36,713</td><td>5,762</td><td>8,410</td><td>1,378</td><td>1,008</td><td>50,230</td><td>16,880</td><td>5,523</td><td>3,608</td><td>3,925</td><td>6,459</td><td>29,868</td><td>169,764</td><td>36,059</td></tr><tr><td>May 1</td><td>515,662</td><td>36,791</td><td>8,426</td><td>8,069</td><td>1,426</td><td>1,034</td><td>49,367</td><td>17,185</td><td>7,958</td><td>3,375</td><td>3,679</td><td>6,422</td><td>31,003</td><td>174,735</td><td>37,092</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>Apr. 10</td><td>55,737</td><td>19,752</td><td>627</td><td>231</td><td>29</td><td>25</td><td>455</td><td>766</td><td>1,355</td><td>394</td><td>773</td><td>347</td><td>1,481</td><td>26,235</td><td>6,980</td></tr><tr><td>Apr. 17</td><td>57,602</td><td>18,659</td><td>606</td><td>145</td><td>31</td><td>30</td><td>458</td><td>739</td><td>1,106</td><td>389</td><td>723</td><td>283</td><td>1,462</td><td>24,651</td><td>7,172</td></tr><tr><td>Apr. 24</td><td>54,577</td><td>16,768</td><td>556</td><td>278</td><td>29</td><td>30</td><td>458</td><td>693</td><td>950</td><td>387</td><td>912</td><td>421</td><td>1,452</td><td>22,934</td><td>6,382</td></tr><tr><td>May 1</td><td>54,962</td><td>17,106</td><td>599</td><td>71</td><td>30</td><td>28</td><td>459</td><td>678</td><td>1,148</td><td>382</td><td>767</td><td>319</td><td>1,438</td><td>23,025</td><td>6,475</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>Apr. 10</td><td>18,258</td><td>10,480</td><td>221</td><td>193</td><td>14</td><td>-</td><td>46</td><td>44</td><td>910</td><td>96</td><td>75</td><td>233</td><td>102</td><td>12,414</td><td>4,530</td></tr><tr><td>Apr. 17</td><td>16,976</td><td>9,181</td><td>220</td><td>111</td><td>16</td><td>-</td><td>60</td><td>35</td><td>663</td><td>92</td><td>33</td><td>174</td><td>90</td><td>10,675</td><td>4,793</td></tr><tr><td>Apr. 24</td><td>16,237</td><td>9,057</td><td>174</td><td>232</td><td>13</td><td>-</td><td>58</td><td>240</td><td>477</td><td>91</td><td>206</td><td>297</td><td>73</td><td>10,918</td><td>4,167</td></tr><tr><td>May 1</td><td>16,890</td><td>9,924</td><td>231</td><td>50</td><td>14</td><td>-</td><td>62</td><td>229</td><td>640</td><td>88</td><td>97</td><td>204</td><td>64</td><td>11,603</td><td>3,902</td></tr><tr><td><b>Deposits 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>Apr. 10</td><td>28,127</td><td>4,481</td><td>208</td><td>17</td><td>-</td><td>-</td><td>381</td><td>649</td><td>75</td><td>124</td><td>-</td><td>4</td><td>538</td><td>6,477</td><td>1,406</td></tr><tr><td>Apr. 17</td><td>27,393</td><td>3,847</td><td>185</td><td>21</td><td>-</td><td>-</td><td>370</td><td>631</td><td>64</td><td>126</td><td>2</td><td>3</td><td>539</td><td>5,788</td><td>1,351</td></tr><tr><td>Apr. 24</td><td>26,518</td><td>3,401</td><td>180</td><td>23</td><td>1</td><td>-</td><td>372</td><td>381</td><td>61</td><td>126</td><td>25</td><td>14</td><td>540</td><td>5,124</td><td>1,189</td></tr><tr><td>May 1</td><td>26,560</td><td>3,145</td><td>184</td><td>9</td><td>-</td><td>-</td><td>368</td><td>378</td><td>66</td><td>124</td><td>12</td><td>1</td><td>538</td><td>4,825</td><td>1,549</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>Apr. 10</td><td>12,352</td><td>4,791</td><td>198</td><td>21</td><td>15</td><td>25</td><td>28</td><td>73</td><td>370</td><td>174</td><td>698</td><td>110</td><td>841</td><td>7,344</td><td>1,044</td></tr><tr><td>Apr. 17</td><td>13,233</td><td>5,631</td><td>201</td><td>13</td><td>15</td><td>30</td><td>28</td><td>73</td><td>379</td><td>171</td><td>688</td><td>106</td><td>833</td><td>8,168</td><td>1,028</td></tr><tr><td>Apr. 24</td><td>11,822</td><td>4,310</td><td>202</td><td>23</td><td>15</td><td>30</td><td>28</td><td>72</td><td>412</td><td>170</td><td>651</td><td>110</td><td>839</td><td>6,892</td><td>1,026</td></tr><tr><td>May 1</td><td>11,512</td><td>4,037</td><td>184</td><td>12</td><td>16</td><td>28</td><td>29</td><td>71</td><td>442</td><td>170</td><td>658</td><td>114</td><td>836</td><td>6,597</td><td>1,024</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>Apr. 10</td><td>466,288</td><td>17,085</td><td>5,355</td><td>7,667</td><td>1,421</td><td>979</td><td>49,890</td><td>16,597</td><td>7,185</td><td>3,350</td><td>3,473</td><td>5,409</td><td>27,968</td><td>146,380</td><td>35,692</td></tr><tr><td>Apr. 17</td><td>455,562</td><td>21,261</td><td>5,243</td><td>8,072</td><td>1,356</td><td>2,408</td><td>48,297</td><td>17,583</td><td>10,264</td><td>3,392</td><td>3,624</td><td>5,454</td><td>27,927</td><td>154,881</td><td>29,864</td></tr><tr><td>Apr. 24</td><td>445,472</td><td>19,945</td><td>5,206</td><td>8,132</td><td>1,349</td><td>978</td><td>49,772</td><td>16,187</td><td>4,573</td><td>3,221</td><td>3,013</td><td>6,038</td><td>28,416</td><td>146,830</td><td>29,677</td></tr><tr><td>May 1</td><td>460,700</td><td>19,685</td><td>7,827</td><td>7,998</td><td>1,396</td><td>1,006</td><td>48,908</td><td>16,507</td><td>6,810</td><td>2,993</td><td>2,912</td><td>6,103</td><td>29,565</td><td>151,710</td><td>30,617</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>Apr. 10</td><td>186,965</td><td>6,825</td><td>1,631</td><td>1,147</td><td>-</td><td>-</td><td>16,467</td><td>841</td><td>3,539</td><td>107</td><td>114</td><td>310</td><td>9,324</td><td>40,605</td><td>10,426</td></tr><tr><td>Apr. 17</td><td>181,336</td><td>10,802</td><td>1,351</td><td>1,229</td><td>7</td><td>-</td><td>16,274</td><td>2,068</td><td>6,903</td><td>170</td><td>176</td><td>197</td><td>9,346</td><td>48,523</td><td>9,444</td></tr><tr><td>Apr. 24</td><td>175,426</td><td>10,666</td><td>1,444</td><td>1,145</td><td>-</td><td>-</td><td>17,225</td><td>811</td><td>1,186</td><td>110</td><td>99</td><td>189</td><td>9,164</td><td>42,039</td><td>8,683</td></tr><tr><td>May 1</td><td>186,449</td><td>10,186</td><td>3,445</td><td>1,202</td><td>-</td><td>-</td><td>16,475</td><td>1,155</td><td>3,708</td><td>111</td><td>114</td><td>224</td><td>9,109</td><td>45,729</td><td>6,295</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>Apr. 10</td><td>89,072</td><td>3,803</td><td>1,132</td><td>3,867</td><td>1,026</td><td>60</td><td>20,347</td><td>11,796</td><td>1,315</td><td>2,009</td><td>1,825</td><td>2,858</td><td>1,437</td><td>51,505</td><td>5,080</td></tr><tr><td>Apr. 17</td><td>88,469</td><td>5,009</td><td>1,210</td><td>3,896</td><td>947</td><td>725</td><td>19,625</td><td>11,674</td><td>1,337</td><td>1,996</td><td>1,892</td><td>2,876</td><td>1,424</td><td>51,611</td><td>4,596</td></tr><tr><td>Apr. 24</td><td>86,030</td><td>2,694</td><td>1,135</td><td>3,714</td><td>839</td><td>60</td><td>19,305</td><td>11,487</td><td>1,334</td><td>1,937</td><td>1,745</td><td>3,670</td><td>1,585</td><td>49,508</td><td>5,010</td></tr><tr><td>May 1</td><td>87,554</td><td>2,997</td><td>1,131</td><td>3,586</td><td>1,033</td><td>72</td><td>19,487</td><td>11,832</td><td>1,170</td><td>1,745</td><td>1,704</td><td>3,848</td><td>1,509</td><td>49,714</td><td>5,118</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>Apr. 10</td><td>190,251</td><td>6,457</td><td>2,592</td><td>2,653</td><td>395</td><td>919</td><td>13,076</td><td>3,960</td><td>2,032</td><td>1,234</td><td>1,534</td><td>2,211</td><td>17,207</td><td>54,270</td><td>20,186</td></tr><tr><td>Apr. 17</td><td>186,757</td><td>6,450</td><td>2,682</td><td>2,947</td><td>402</td><td>1,683</td><td>12,398</td><td>3,841</td><td>2,024</td><td>1,226</td><td>1,556</td><td>2,381</td><td>17,157</td><td>54,747</td><td>15,824</td></tr><tr><td>Apr. 24</td><td>184,016</td><td>6,583</td><td>2,627</td><td>3,273</td><td>510</td><td>918</td><td>13,242</td><td>3,889</td><td>2,053</td><td>1,174</td><td>1,169</td><td>2,179</td><td>17,667</td><td>55,285</td><td>15,984</td></tr><tr><td>May 1</td><td>186,697</td><td>6,902</td><td>3,251</td><td>3,210</td><td>363</td><td>934</td><td>12,946</td><td>3,530</td><td>1,932</td><td>1,137</td><td>1,094</td><td>2,031</td><td>18,947</td><td>56,267</td><td>19,294</td></tr></table>
(Continued on following page)
43
Short-Term Foreign Assets as Reported by Banks and Bankers
in the United States for April 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brasil</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>Phil-ippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</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>Apr. 10.</td><td>13,616</td><td>33,169</td><td>9,637</td><td>10,890</td><td>4,940</td><td>1,091</td><td>39,653</td><td>112,996</td><td>25,767</td><td>1,710</td><td>122,723</td><td>28,436</td><td>9,785</td><td>185,421</td><td>8,321</td></tr><tr><td>Apr. 17.</td><td>13,972</td><td>33,521</td><td>9,385</td><td>10,399</td><td>4,856</td><td>1,048</td><td>41,328</td><td>114,519</td><td>25,228</td><td>1,489</td><td>103,963</td><td>28,542</td><td>10,327</td><td>178,549</td><td>8,588</td></tr><tr><td>Apr. 24.</td><td>12,401</td><td>34,510</td><td>9,791</td><td>10,246</td><td>4,971</td><td>1,198</td><td>40,015</td><td>112,932</td><td>24,232</td><td>1,364</td><td>108,063</td><td>28,005</td><td>10,876</td><td>172,604</td><td>8,690</td></tr><tr><td>May 1.</td><td>12,343</td><td>34,436</td><td>9,580</td><td>11,234</td><td>5,019</td><td>1,179</td><td>40,388</td><td>114,519</td><td>23,864</td><td>1,849</td><td>115,581</td><td>28,905</td><td>11,141</td><td>180,960</td><td>8,556</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>Apr. 10.</td><td>1,724</td><td>124</td><td>13</td><td>65</td><td>190</td><td>105</td><td>336</td><td>2,557</td><td>19,226</td><td>872</td><td>1,024</td><td>67</td><td>921</td><td>22,110</td><td>855</td></tr><tr><td>Apr. 17.</td><td>1,831</td><td>125</td><td>8</td><td>43</td><td>233</td><td>86</td><td>387</td><td>2,715</td><td>19,217</td><td>806</td><td>1,044</td><td>91</td><td>1,023</td><td>22,181</td><td>903</td></tr><tr><td>Apr. 24.</td><td>1,673</td><td>119</td><td>6</td><td>77</td><td>227</td><td>87</td><td>397</td><td>2,586</td><td>19,169</td><td>702</td><td>931</td><td>82</td><td>896</td><td>21,780</td><td>895</td></tr><tr><td>May 1.</td><td>1,706</td><td>120</td><td>5</td><td>91</td><td>233</td><td>96</td><td>389</td><td>2,640</td><td>19,206</td><td>855</td><td>904</td><td>76</td><td>1,056</td><td>22,097</td><td>723</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>Apr. 10.</td><td>96</td><td>3</td><td>1</td><td>35</td><td>18</td><td>16</td><td>29</td><td>198</td><td>71</td><td>499</td><td>110</td><td>48</td><td>356</td><td>1,084</td><td>32</td></tr><tr><td>Apr. 17.</td><td>229</td><td>3</td><td>1</td><td>11</td><td>62</td><td>15</td><td>14</td><td>335</td><td>65</td><td>423</td><td>149</td><td>69</td><td>437</td><td>1,185</td><td>28</td></tr><tr><td>Apr. 24.</td><td>71</td><td>3</td><td>1</td><td>41</td><td>57</td><td>15</td><td>24</td><td>212</td><td>20</td><td>375</td><td>119</td><td>62</td><td>339</td><td>915</td><td>25</td></tr><tr><td>May 1.</td><td>116</td><td>5</td><td>1</td><td>30</td><td>62</td><td>15</td><td>15</td><td>264</td><td>29</td><td>501</td><td>130</td><td>57</td><td>385</td><td>1,103</td><td>18</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>Apr. 10.</td><td>522</td><td>12</td><td>2</td><td>-</td><td>-</td><td>-</td><td>79</td><td>615</td><td>19,136</td><td>321</td><td>28</td><td>-</td><td>103</td><td>19,588</td><td>41</td></tr><tr><td>Apr. 17.</td><td>521</td><td>14</td><td>2</td><td>-</td><td>-</td><td>-</td><td>86</td><td>623</td><td>19,135</td><td>323</td><td>24</td><td>-</td><td>105</td><td>19,587</td><td>44</td></tr><tr><td>Apr. 24.</td><td>515</td><td>9</td><td>2</td><td>-</td><td>-</td><td>-</td><td>95</td><td>621</td><td>19,133</td><td>290</td><td>21</td><td>-</td><td>100</td><td>19,504</td><td>46</td></tr><tr><td>May 1.</td><td>510</td><td>7</td><td>2</td><td>-</td><td>-</td><td>-</td><td>98</td><td>617</td><td>19,160</td><td>308</td><td>20</td><td>-</td><td>66</td><td>19,354</td><td>15</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>Apr. 10.</td><td>1,106</td><td>109</td><td>10</td><td>30</td><td>172</td><td>89</td><td>228</td><td>1,744</td><td>19</td><td>52</td><td>886</td><td>19</td><td>462</td><td>1,438</td><td>782</td></tr><tr><td>Apr. 17.</td><td>1,081</td><td>108</td><td>5</td><td>32</td><td>173</td><td>71</td><td>287</td><td>1,757</td><td>17</td><td>58</td><td>871</td><td>22</td><td>481</td><td>1,449</td><td>831</td></tr><tr><td>Apr. 24.</td><td>1,087</td><td>107</td><td>3</td><td>36</td><td>170</td><td>72</td><td>278</td><td>1,753</td><td>16</td><td>37</td><td>791</td><td>20</td><td>457</td><td>1,321</td><td>830</td></tr><tr><td>May 1.</td><td>1,080</td><td>108</td><td>2</td><td>41</td><td>171</td><td>81</td><td>276</td><td>1,759</td><td>17</td><td>46</td><td>754</td><td>19</td><td>604</td><td>1,440</td><td>692</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>Apr. 10.</td><td>11,892</td><td>33,045</td><td>9,624</td><td>10,825</td><td>4,790</td><td>985</td><td>39,117</td><td>110,439</td><td>6,541</td><td>838</td><td>121,699</td><td>28,369</td><td>8,804</td><td>166,511</td><td>1,466</td></tr><tr><td>Apr. 17.</td><td>12,141</td><td>33,396</td><td>9,377</td><td>10,356</td><td>4,621</td><td>972</td><td>40,914</td><td>111,804</td><td>6,011</td><td>681</td><td>107,919</td><td>28,451</td><td>9,304</td><td>152,368</td><td>7,695</td></tr><tr><td>Apr. 24.</td><td>10,728</td><td>34,391</td><td>9,585</td><td>10,169</td><td>4,744</td><td>1,111</td><td>39,618</td><td>110,346</td><td>5,123</td><td>666</td><td>107,132</td><td>27,923</td><td>9,380</td><td>150,624</td><td>7,795</td></tr><tr><td>May 1.</td><td>10,677</td><td>34,316</td><td>9,675</td><td>11,143</td><td>4,786</td><td>1,083</td><td>39,999</td><td>111,679</td><td>4,678</td><td>994</td><td>114,677</td><td>28,429</td><td>10,085</td><td>158,863</td><td>7,831</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>Apr. 10.</td><td>1,286</td><td>4,760</td><td>379</td><td>3,724</td><td>354</td><td>5</td><td>3,153</td><td>13,663</td><td>2,906</td><td>284</td><td>100,109</td><td>14,962</td><td>3,705</td><td>121,570</td><td>701</td></tr><tr><td>Apr. 17.</td><td>1,392</td><td>4,721</td><td>220</td><td>3,606</td><td>352</td><td>10</td><td>3,380</td><td>14,682</td><td>2,251</td><td>116</td><td>86,590</td><td>14,921</td><td>4,198</td><td>108,038</td><td>650</td></tr><tr><td>Apr. 24.</td><td>756</td><td>5,197</td><td>224</td><td>3,390</td><td>343</td><td>15</td><td>3,842</td><td>13,727</td><td>2,334</td><td>137</td><td>88,307</td><td>14,494</td><td>5,092</td><td>110,364</td><td>613</td></tr><tr><td>May 1.</td><td>777</td><td>5,888</td><td>209</td><td>3,795</td><td>372</td><td>12</td><td>4,062</td><td>15,115</td><td>2,124</td><td>428</td><td>96,113</td><td>14,872</td><td>5,269</td><td>118,806</td><td>594</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>Apr. 10.</td><td>630</td><td>14,893</td><td>986</td><td>3,316</td><td>435</td><td>43</td><td>3,902</td><td>24,405</td><td>572</td><td>160</td><td>1,664</td><td>3,425</td><td>1,067</td><td>6,888</td><td>1,194</td></tr><tr><td>Apr. 17.</td><td>672</td><td>14,916</td><td>932</td><td>3,198</td><td>415</td><td>21</td><td>3,734</td><td>24,088</td><td>614</td><td>177</td><td>1,517</td><td>3,596</td><td>1,068</td><td>6,972</td><td>1,208</td></tr><tr><td>Apr. 24.</td><td>913</td><td>14,875</td><td>1,016</td><td>3,137</td><td>412</td><td>192</td><td>3,104</td><td>23,649</td><td>607</td><td>173</td><td>1,276</td><td>3,504</td><td>1,049</td><td>6,609</td><td>1,257</td></tr><tr><td>May 1.</td><td>928</td><td>14,948</td><td>1,082</td><td>3,232</td><td>346</td><td>173</td><td>3,264</td><td>23,973</td><td>599</td><td>190</td><td>2,050</td><td>3,660</td><td>995</td><td>7,494</td><td>1,255</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>Apr. 10.</td><td>9,776</td><td>13,392</td><td>8,259</td><td>3,785</td><td>3,961</td><td>938</td><td>32,260</td><td>72,371</td><td>3,463</td><td>390</td><td>19,926</td><td>9,982</td><td>4,092</td><td>37,853</td><td>5,571</td></tr><tr><td>Apr. 17.</td><td>9,677</td><td>13,759</td><td>8,225</td><td>3,752</td><td>3,894</td><td>941</td><td>32,827</td><td>73,035</td><td>3,144</td><td>390</td><td>19,852</td><td>9,934</td><td>4,038</td><td>37,358</td><td>5,793</td></tr><tr><td>Apr. 24.</td><td>9,059</td><td>14,319</td><td>8,343</td><td>3,682</td><td>3,989</td><td>904</td><td>32,672</td><td>72,970</td><td>2,182</td><td>396</td><td>17,949</td><td>9,925</td><td>3,879</td><td>33,851</td><td>5,925</td></tr><tr><td>May 1.</td><td>8,972</td><td>13,480</td><td>8,384</td><td>4,116</td><td>4,068</td><td>898</td><td>32,673</td><td>72,991</td><td>1,955</td><td>376</td><td>16,514</td><td>9,897</td><td>3,821</td><td>32,563</td><td>5,982</td></tr></table>
44
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for April 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>Apr. 10.</td><td>24,193</td><td>1,295</td><td>1,156</td><td>1,167</td><td>17</td><td>75</td><td>2,202</td><td>11</td><td>6,839</td><td>1,009</td><td>13,941</td><td>5,841</td><td>1,655</td><td>169</td><td>2,452</td><td>2,621</td><td>135</td></tr><tr><td>Apr. 17.</td><td>20,662</td><td>3,921</td><td>851</td><td>870</td><td>27</td><td>119</td><td>1,809</td><td>308</td><td>4,488</td><td>287</td><td>12,680</td><td>4,329</td><td>1,463</td><td>176</td><td>1,853</td><td>2,039</td><td>151</td></tr><tr><td>Apr. 24.</td><td>19,141</td><td>3,114</td><td>1,851</td><td>814</td><td>18</td><td>95</td><td>1,767</td><td>3</td><td>4,108</td><td>509</td><td>12,283</td><td>4,060</td><td>1,347</td><td>173</td><td>1,003</td><td>1,176</td><td>275</td></tr><tr><td>May 1.</td><td>15,144</td><td>869</td><td>742</td><td>303</td><td>69</td><td>176</td><td>1,751</td><td>2</td><td>4,847</td><td>209</td><td>8,968</td><td>3,683</td><td>1,730</td><td>107</td><td>542</td><td>649</td><td>114</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>Apr. 10.</td><td>16,618</td><td>1,099</td><td>980</td><td>939</td><td>11</td><td>13</td><td>1,798</td><td>114</td><td>5,112</td><td>806</td><td>10,872</td><td>2,162</td><td>1,160</td><td>22</td><td>2,319</td><td>2,341</td><td>83</td></tr><tr><td>Apr. 17.</td><td>12,143</td><td>718</td><td>692</td><td>438</td><td>13</td><td>74</td><td>1,589</td><td>6</td><td>3,428</td><td>181</td><td>7,139</td><td>2,197</td><td>941</td><td>22</td><td>1,616</td><td>1,838</td><td>28</td></tr><tr><td>Apr. 24.</td><td>10,056</td><td>773</td><td>909</td><td>392</td><td>6</td><td>45</td><td>1,390</td><td>1</td><td>2,581</td><td>255</td><td>6,352</td><td>1,773</td><td>937</td><td>46</td><td>899</td><td>945</td><td>49</td></tr><tr><td>May 1.</td><td>8,267</td><td>658</td><td>432</td><td>202</td><td>42</td><td>2</td><td>1,533</td><td>-</td><td>3,267</td><td>143</td><td>6,279</td><td>896</td><td>529</td><td>18</td><td>518</td><td>536</td><td>27</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>Apr. 10.</td><td>3,026</td><td>39</td><td>75</td><td>34</td><td>6</td><td>-</td><td>218</td><td>9</td><td>1,117</td><td>24</td><td>1,522</td><td>1,338</td><td>36</td><td>-</td><td>111</td><td>111</td><td>19</td></tr><tr><td>Apr. 17.</td><td>4,730</td><td>2,945</td><td>102</td><td>54</td><td>-</td><td>5</td><td>92</td><td>292</td><td>377</td><td>11</td><td>3,878</td><td>707</td><td>49</td><td>25</td><td>82</td><td>67</td><td>29</td></tr><tr><td>Apr. 24.</td><td>6,027</td><td>2,180</td><td>843</td><td>56</td><td>-</td><td>8</td><td>206</td><td>-</td><td>924</td><td>33</td><td>4,250</td><td>1,647</td><td>81</td><td>-</td><td>38</td><td>38</td><td>11</td></tr><tr><td>May 1.</td><td>2,255</td><td>103</td><td>245</td><td>7</td><td>-</td><td>8</td><td>122</td><td>-</td><td>1,048</td><td>30</td><td>1,565</td><td>593</td><td>59</td><td>-</td><td>24</td><td>24</td><td>14</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>Apr. 10.</td><td>4,549</td><td>157</td><td>101</td><td>194</td><td>-</td><td>62</td><td>186</td><td>8</td><td>660</td><td>179</td><td>1,547</td><td>2,342</td><td>459</td><td>147</td><td>22</td><td>169</td><td>33</td></tr><tr><td>Apr. 17.</td><td>3,789</td><td>258</td><td>57</td><td>378</td><td>14</td><td>40</td><td>128</td><td>10</td><td>683</td><td>95</td><td>1,663</td><td>1,425</td><td>473</td><td>129</td><td>5</td><td>134</td><td>94</td></tr><tr><td>Apr. 24.</td><td>3,058</td><td>161</td><td>109</td><td>366</td><td>6</td><td>42</td><td>171</td><td>2</td><td>603</td><td>221</td><td>1,681</td><td>940</td><td>329</td><td>127</td><td>66</td><td>193</td><td>215</td></tr><tr><td>May 1.</td><td>4,622</td><td>106</td><td>65</td><td>94</td><td>27</td><td>166</td><td>96</td><td>2</td><td>532</td><td>36</td><td>1,124</td><td>2,134</td><td>1,142</td><td>89</td><td>-</td><td>89</td><td>73</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>Apr. 10.</td><td>21,753</td><td>4,981</td><td>806</td><td>488</td><td>44</td><td>138</td><td>2,208</td><td>112</td><td>3,592</td><td>490</td><td>12,899</td><td>5,941</td><td>1,262</td><td>59</td><td>1,431</td><td>1,490</td><td>201</td></tr><tr><td>Apr. 17.</td><td>15,243</td><td>2,958</td><td>1,077</td><td>353</td><td>47</td><td>124</td><td>1,607</td><td>489</td><td>3,123</td><td>261</td><td>10,041</td><td>2,830</td><td>1,399</td><td>79</td><td>781</td><td>860</td><td>113</td></tr><tr><td>Apr. 24.</td><td>18,899</td><td>2,644</td><td>1,492</td><td>245</td><td>62</td><td>92</td><td>2,020</td><td>13</td><td>3,549</td><td>364</td><td>10,480</td><td>3,471</td><td>3,870</td><td>5</td><td>1,004</td><td>1,009</td><td>69</td></tr><tr><td>May 1.</td><td>11,504</td><td>2,277</td><td>820</td><td>103</td><td>95</td><td>74</td><td>1,621</td><td>60</td><td>2,309</td><td>316</td><td>7,675</td><td>2,399</td><td>653</td><td>40</td><td>673</td><td>713</td><td>104</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>Apr. 10.</td><td>15,941</td><td>4,345</td><td>701</td><td>375</td><td>31</td><td>9</td><td>1,733</td><td>112</td><td>2,797</td><td>336</td><td>10,439</td><td>3,114</td><td>625</td><td>52</td><td>1,320</td><td>1,372</td><td>191</td></tr><tr><td>Apr. 17.</td><td>11,649</td><td>2,468</td><td>883</td><td>305</td><td>11</td><td>40</td><td>1,221</td><td>472</td><td>2,336</td><td>216</td><td>7,452</td><td>2,042</td><td>1,035</td><td>75</td><td>562</td><td>637</td><td>83</td></tr><tr><td>Apr. 24.</td><td>14,793</td><td>2,278</td><td>573</td><td>234</td><td>8</td><td>27</td><td>1,617</td><td>11</td><td>2,729</td><td>255</td><td>7,732</td><td>2,450</td><td>3,647</td><td>3</td><td>922</td><td>925</td><td>39</td></tr><tr><td>May 1.</td><td>8,300</td><td>1,741</td><td>539</td><td>82</td><td>26</td><td>15</td><td>1,294</td><td>60</td><td>1,777</td><td>259</td><td>5,794</td><td>1,310</td><td>509</td><td>6</td><td>594</td><td>600</td><td>87</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>Apr. 10.</td><td>2,298</td><td>395</td><td>45</td><td>9</td><td>1</td><td>3</td><td>232</td><td>-</td><td>325</td><td>21</td><td>1,031</td><td>1,051</td><td>114</td><td>2</td><td>95</td><td>97</td><td>5</td></tr><tr><td>Apr. 17.</td><td>1,884</td><td>209</td><td>117</td><td>18</td><td>1</td><td>17</td><td>195</td><td>13</td><td>379</td><td>33</td><td>982</td><td>617</td><td>100</td><td>4</td><td>152</td><td>156</td><td>29</td></tr><tr><td>Apr. 24.</td><td>2,622</td><td>275</td><td>854</td><td>1</td><td>2</td><td>36</td><td>223</td><td>2</td><td>573</td><td>9</td><td>1,935</td><td>563</td><td>100</td><td>-</td><td>21</td><td>21</td><td>3</td></tr><tr><td>May 1.</td><td>1,785</td><td>317</td><td>270</td><td>-</td><td>31</td><td>4</td><td>169</td><td>-</td><td>184</td><td>3</td><td>978</td><td>693</td><td>56</td><td>11</td><td>37</td><td>48</td><td>10</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>Apr. 10.</td><td>3,514</td><td>241</td><td>60</td><td>104</td><td>12</td><td>126</td><td>243</td><td>-</td><td>470</td><td>133</td><td>1,389</td><td>1,776</td><td>323</td><td>5</td><td>16</td><td>21</td><td>5</td></tr><tr><td>Apr. 17.</td><td>1,710</td><td>281</td><td>77</td><td>30</td><td>35</td><td>67</td><td>191</td><td>4</td><td>510</td><td>12</td><td>1,207</td><td>171</td><td>264</td><td>-</td><td>67</td><td>67</td><td>1</td></tr><tr><td>Apr. 24.</td><td>1,464</td><td>131</td><td>64</td><td>10</td><td>52</td><td>29</td><td>180</td><td>-</td><td>247</td><td>100</td><td>813</td><td>458</td><td>123</td><td>2</td><td>61</td><td>63</td><td>27</td></tr><tr><td>May 1.</td><td>1,419</td><td>219</td><td>11</td><td>21</td><td>38</td><td>55</td><td>158</td><td>-</td><td>347</td><td>54</td><td>903</td><td>396</td><td>88</td><td>23</td><td>42</td><td>65</td><td>7</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>Apr. 10.</td><td>1,553</td><td>168</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>172</td><td>1,360</td><td>3</td><td>-</td><td>18</td><td>18</td><td>-</td></tr><tr><td>Apr. 17.</td><td>1,246</td><td>89</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>89</td><td>1,138</td><td>1</td><td>-</td><td>18</td><td>18</td><td>-</td></tr><tr><td>Apr. 24.</td><td>987</td><td>137</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>143</td><td>813</td><td>5</td><td>-</td><td>26</td><td>26</td><td>-</td></tr><tr><td>May 1.</td><td>1,106</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>72</td><td>1,013</td><td>-</td><td>-</td><td>21</td><td>21</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>Apr. 10.</td><td>101</td><td>87</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>91</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>61</td><td>59</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>59</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>114</td><td>104</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>104</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>67</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>29</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>Apr. 10.</td><td>31</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>39</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>54</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>36</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14</td><td>22</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>Apr. 10.</td><td>1,421</td><td>53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>53</td><td>1,347</td><td>3</td><td>-</td><td>18</td><td>18</td><td>-</td></tr><tr><td>Apr. 17.</td><td>1,146</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>1,106</td><td>1</td><td>-</td><td>18</td><td>18</td><td>-</td></tr><tr><td>Apr. 24.</td><td>819</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>23</td><td>770</td><td>-</td><td>-</td><td>26</td><td>26</td><td>-</td></tr><tr><td>May 1.</td><td>1,003</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>962</td><td>-</td><td>-</td><td>21</td><td>21</td><td>-</td></tr></table>
(Continued on following page)
45
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for April 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>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin Am-erica</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 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><td></td><td></td></tr><tr><td>Apr. 10</td><td>1,467</td><td>152</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>168</td><td>1,299</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17</td><td>1,480</td><td>165</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>166</td><td>1,306</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24</td><td>1,877</td><td>690</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>1</td><td>-</td><td>673</td><td>1,199</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1</td><td>1,809</td><td>528</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>528</td><td>1,144</td><td>137</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>Apr. 10</td><td>33</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24</td><td>18</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>8</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1</td><td>72</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>64</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bondes:</td><td></td><td></td><td></td><td></td><td></td><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>Apr. 10</td><td>177</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>177</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17</td><td>91</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>91</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24</td><td>150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1</td><td>38</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td><td>8</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>Apr. 10</td><td>1,257</td><td>152</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>163</td><td>1,094</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17</td><td>1,343</td><td>165</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>166</td><td>1,213</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24</td><td>1,709</td><td>647</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>1</td><td>-</td><td>665</td><td>1,044</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1</td><td>1,699</td><td>490</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>490</td><td>1,072</td><td>137</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 April 1940
(In thousands of dollars)
<table><tr><th>Balance 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-lands</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>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>Apr. 10</td><td>44,062</td><td>2,792</td><td>3,382</td><td>1,292</td><td>112</td><td>132</td><td>1,661</td><td>1,186</td><td>3,365</td><td>3,137</td><td>17,079</td><td>15,030</td><td>5,918</td><td>260</td><td>5,365</td><td>5,625</td><td>410</td></tr><tr><td>Apr. 17</td><td>44,072</td><td>2,992</td><td>2,784</td><td>1,165</td><td>114</td><td>153</td><td>1,658</td><td>1,125</td><td>3,394</td><td>3,151</td><td>16,536</td><td>14,473</td><td>6,819</td><td>224</td><td>5,548</td><td>5,772</td><td>472</td></tr><tr><td>Apr. 24</td><td>44,676</td><td>3,073</td><td>2,831</td><td>1,238</td><td>120</td><td>151</td><td>1,612</td><td>1,141</td><td>3,172</td><td>3,086</td><td>16,424</td><td>14,945</td><td>7,049</td><td>137</td><td>5,731</td><td>5,868</td><td>390</td></tr><tr><td>May 1</td><td>43,291</td><td>2,617</td><td>2,806</td><td>1,192</td><td>100</td><td>131</td><td>1,524</td><td>1,273</td><td>3,314</td><td>2,851</td><td>15,768</td><td>14,483</td><td>7,003</td><td>143</td><td>5,925</td><td>5,668</td><td>369</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>Apr. 10</td><td>54,809</td><td>6,084</td><td>6,551</td><td>840</td><td>342</td><td>188</td><td>5,574</td><td>304</td><td>18,754</td><td>1,738</td><td>40,375</td><td>5,421</td><td>5,202</td><td>255</td><td>1,769</td><td>2,024</td><td>1,787</td></tr><tr><td>Apr. 17</td><td>55,553</td><td>5,832</td><td>6,641</td><td>776</td><td>313</td><td>168</td><td>5,366</td><td>292</td><td>19,142</td><td>2,460</td><td>40,990</td><td>5,373</td><td>5,423</td><td>220</td><td>1,716</td><td>1,936</td><td>1,889</td></tr><tr><td>Apr. 24</td><td>55,021</td><td>5,683</td><td>6,757</td><td>784</td><td>304</td><td>173</td><td>5,537</td><td>397</td><td>19,204</td><td>2,429</td><td>41,210</td><td>4,978</td><td>5,025</td><td>218</td><td>1,799</td><td>2,017</td><td>1,791</td></tr><tr><td>May 1</td><td>53,735</td><td>5,138</td><td>6,449</td><td>841</td><td>312</td><td>177</td><td>5,396</td><td>257</td><td>19,432</td><td>2,412</td><td>40,414</td><td>4,552</td><td>4,733</td><td>249</td><td>2,004</td><td>2,253</td><td>1,783</td></tr></table>
46
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for April 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:</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>Apr. 10.</td><td>367</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>19</td><td>57</td><td>237</td><td>73</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>400</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>17</td><td>15</td><td>55</td><td>313</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>278</td><td>28</td><td>-</td><td>2</td><td>-</td><td>-</td><td>2</td><td>-</td><td>11</td><td>-</td><td>43</td><td>195</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>179</td><td>24</td><td>5</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>45</td><td>117</td><td>17</td><td>-</td><td>-</td><td>-</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>Apr. 10.</td><td>16</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>28</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>17</td><td>-</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>11</td><td>-</td><td>13</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</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>Apr. 10.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Apr. 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Apr. 24.</td><td>19</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Apr. 10.</td><td>350</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>41</td><td>237</td><td>73</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>372</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>27</td><td>313</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>245</td><td>9</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>195</td><td>39</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>176</td><td>24</td><td>5</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>42</td><td>117</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>TOTAL SALES IN THE UNITED STATES:</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>Apr. 10.</td><td>1,199</td><td>817</td><td>-</td><td>2</td><td>-</td><td>-</td><td>28</td><td>-</td><td>26</td><td>24</td><td>697</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>835</td><td>406</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>13</td><td>4</td><td>439</td><td>351</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>562</td><td>186</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>4</td><td>-</td><td>263</td><td>190</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>460</td><td>73</td><td>5</td><td>3</td><td>-</td><td>-</td><td>260</td><td>-</td><td>-</td><td>-</td><td>336</td><td>117</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</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>Apr. 10.</td><td>501</td><td>747</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28</td><td>-</td><td>26</td><td>-</td><td>801</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>434</td><td>400</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>13</td><td>-</td><td>429</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>219</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>4</td><td>-</td><td>210</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>308</td><td>48</td><td>-</td><td>-</td><td>-</td><td>-</td><td>260</td><td>-</td><td>-</td><td>-</td><td>308</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>Apr. 10.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Apr. 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Apr. 24.</td><td>24</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>Apr. 10.</td><td>398</td><td>70</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>96</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 17.</td><td>401</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>10</td><td>391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 24.</td><td>219</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td><td>190</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 1.</td><td>132</td><td>23</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28</td><td>117</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
47
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchase or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchase or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchase or sales (-)</th></tr><tr><td>1937-Jan.</td><td>6..... 13..... 20..... 27.....</td><td>38,171 65,591 81,012 68,904</td><td>37,056 56,170 60,013 59,867</td><td>1,115 9,421 20,999 9,037</td><td>1938-Mar. 2..... 9..... 16..... 23..... 30.....</td><td>20,043 12,462 12,986 18,619 19,355</td><td>29,772 11,806 15,846 17,759 17,704</td><td>-9,729 656 -2,860 860 1,651</td><td>1939-May 3..... 10..... 17..... 24..... 31.....</td><td>19,699 13,402 13,630 11,579 15,115</td><td>10,723 15,120 12,008 14,041 15,265</td><td>8,976 -1,718 1,622 -2,462 -150</td></tr><tr><td>Feb. 3..... 10..... 17..... 24.....</td><td>65,470 98,866 77,632 74,853</td><td>55,056 86,819 73,754 64,632</td><td>10,414 32,047 3,878 10,231</td><td>Apr. 6..... 13..... 20..... 27.....</td><td>18,967 14,702 19,312 14,912</td><td>19,058 12,630 12,406 13,401</td><td>-91 2,072 6,906 1,511</td><td>June 7..... 14..... 21..... 28.....</td><td>14,902 13,135 13,162 10,035</td><td>13,522 15,430 15,537 16,353</td><td>1,380 -2,294 -2,675 -6,318</td></tr><tr><td>Mar. 3..... 10..... 17..... 24..... 31.....</td><td>74,764 113,822 84,365 66,507 43,680</td><td>63,616 85,119 74,045 69,074 30,085</td><td>11,168 28,693 10,320 -2,567 13,594</td><td>May 4..... 11..... 18..... 25.....</td><td>9,765 11,852 12,105 8,816</td><td>11,085 14,356 12,553 9,291</td><td>-1,320 -2,504 -1475</td><td>July 5..... 12..... 19..... 26.....</td><td>13,187 7,832 15,273 23,793</td><td>13,128 12,749 24,653 28,666</td><td>-9 4,917 -9,380 -5,073</td></tr><tr><td>Apr. 7..... 14..... 21..... 28.....</td><td>58,751 58,729 39,674 43,143</td><td>50,982 58,162 48,278 54,898</td><td>7,769 567 -8,604 -11,755</td><td>June 1..... 8..... 15..... 22..... 29.....</td><td>10,405 11,682 9,021 11,375 38,260</td><td>9,983 12,383 11,977 9,257 37,841</td><td>422 -701 -2,956 2,118 419</td><td>Aug. 2..... 9..... 16..... 23..... 30.....</td><td>20,542 15,561 12,857 15,766 20,453</td><td>18,308 21,304 24,466 15,513 19,904</td><td>2,234 -5,743 -11,599 253 549</td></tr><tr><td>May 5..... 12..... 19..... 26.....</td><td>44,852 34,423 26,800 34,169</td><td>67,685 25,111 32,184 25,316</td><td>-22,833 9,312 -5,384 8,853</td><td>July 6..... 13..... 20..... 27.....</td><td>38,619 38,121 32,653 36,049</td><td>32,628 38,613 35,895 43,931</td><td>5,991 -492 -3,242 -7,882</td><td>Sept. 6..... 13..... 20..... 27.....</td><td>19,989 52,564 32,114 19,024</td><td>14,312 42,611 40,019 28,016</td><td>5,677 9,953 -7,905 -8,992</td></tr><tr><td>June 2..... 9..... 16..... 23..... 30.....</td><td>18,912 31,995 32,783 21,651 26,474</td><td>14,271 26,171 26,962 28,638 19,865</td><td>4,641 5,824 5,821 -6,987 6,609</td><td>Aug. 3..... 10..... 17..... 24..... 31.....</td><td>20,541 18,739 18,802 11,570 20,801</td><td>27,220 24,969 23,812 14,965 23,853</td><td>-6,679 -6,230 -5,010 -3,395 -3,052</td><td>Oct. 4..... 11..... 18..... 25.....</td><td>15,174 16,594 16,146 17,269</td><td>29,373 22,395 18,811 28,434</td><td>-14,199 -5,801 -2,665 -11,165</td></tr><tr><td>July 7..... 14..... 21..... 28.....</td><td>16,717 41,309 44,326 48,503</td><td>20,597 33,482 31,427 33,337</td><td>-3,580 7,827 2,899 15,166</td><td>Sept. 7..... 14..... 21..... 28.....</td><td>12,060 15,463 34,063 20,902</td><td>13,819 18,411 26,408 24,745</td><td>-1,759 -2,948 8,655 -3,843</td><td>Nov. 1..... 8..... 15..... 22..... 29.....</td><td>17,198 13,059 16,948 13,093 9,289</td><td>24,066 20,862 23,674 15,140 12,708</td><td>-6,858 -7,803 -6,726 -2,047 -3,419</td></tr><tr><td>Aug. 4..... 11..... 18..... 25.....</td><td>32,886 41,681 28,433 31,062</td><td>25,129 33,544 27,762 25,222</td><td>7,757 8,137 671 5,840</td><td>Oct. 5..... 12..... 19..... 26.....</td><td>43,286 48,449 46,441 45,044</td><td>26,139 29,888 37,402 33,412</td><td>17,147 18,561 9,039 12,232</td><td>Dec. 6..... 13..... 20..... 27.....</td><td>10,297 13,991 13,662 10,528</td><td>15,064 16,437 13,382 8,782</td><td>4,767 -2,446 280 1,746</td></tr><tr><td>Sept. 1..... 8..... 15..... 22..... 29.....</td><td>26,590 26,093 57,789 37,904 38,753</td><td>25,761 23,110 45,416 42,671 39,000</td><td>829 2,983 12,373 -4,767 -247</td><td>Nov. 2..... 9..... 16..... 23..... 30.....</td><td>41,470 25,338 42,393 33,318 19,846</td><td>33,198 23,665 37,886 31,704 23,886</td><td>8,272 1,673 4,507 1,614 -4,040</td><td>1940-Jan. 3..... 10..... 17..... 24..... 31.....</td><td>11,269 11,158 15,309 9,969 9,192</td><td>7,169 11,498 16,988 11,565 10,056</td><td>4,100 -340 -1,679 -1,596 -804</td></tr><tr><td>Oct. 6..... 13..... 20..... 27.....</td><td>22,337 24,008 37,540 54,514</td><td>24,753 36,652 41,240 44,618</td><td>-2,416 -12,644 -3,700 9,896</td><td>Dec. 7..... 14..... 21..... 28.....</td><td>26,323 19,917 36,507 22,343</td><td>19,764 28,398 26,963 13,624</td><td>6,559 -8,481 9,044 8,719</td><td>Feb. 7..... 14..... 21..... 28.....</td><td>9,307 11,506 13,462 14,835</td><td>10,094 11,024 12,194 11,919</td><td>-787 482 1,268 2,916</td></tr><tr><td>Nov. 3..... 10..... 17..... 24.....</td><td>32,346 26,527 29,423 26,339</td><td>24,798 30,716 24,081 29,814</td><td>7,548 -4,189 5,342 -3,475</td><td>1939-Jan. 4..... 11..... 18..... 25.....</td><td>25,529 30,039 21,367 20,784</td><td>24,960 28,178 29,874 37,180</td><td>569 1,861 -8,507 -16,396</td><td>Mar. 6..... 13..... 20..... 27.....</td><td>11,723 11,518 11,217 6,176</td><td>10,355 12,728 12,777 9,009</td><td>1,368 -1,210 -1,560 -2,833</td></tr><tr><td>Dec. 1..... 8..... 15..... 22..... 29.....</td><td>26,062 25,512 35,483 24,631 20,602</td><td>19,104 19,482 26,796 16,525 9,888</td><td>6,958 6,030 8,685 8,106 -10,714</td><td>Feb. 1..... 8..... 15..... 22.....</td><td>29,450 28,615 17,529 16,502</td><td>35,458 23,014 15,519 14,868</td><td>-7,008 5,601 2,010 1,634</td><td>Apr. 3..... 10..... 17..... 24.....</td><td>12,778 19,870 16,998 16,284</td><td>15,770 19,172 14,067 17,826</td><td>-2,992 698 2,931 -1,542</td></tr><tr><td>1938-Jan. 5..... 12..... 19..... 26.....</td><td>17,083 22,268 24,699 17,822</td><td>15,195 21,189 21,609 17,942</td><td>1,888 1,079 3,090 -120</td><td>Mar. 1..... 8..... 15..... 22..... 29.....</td><td>22,205 22,675 26,725 24,587 29,386</td><td>20,272 25,232 27,207 39,669 23,209</td><td>1,933 -2,557 -482 -15,082 6,177</td><td>May 1.....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>Feb. 2..... 9..... 16..... 23.....</td><td>20,255 13,626 10,704 11,021</td><td>18,017 18,587 15,302 11,833</td><td>2,238 -4,961 -4,598 -812</td><td>Apr. 5..... 12..... 19..... 26.....</td><td>36,475 19,977 21,239 19,851</td><td>25,365 17,962 20,677 11,245</td><td>11,110 2,015 562 8,606</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
<table><tr><th colspan="2">DOLLARS Millions</th><th colspan="12">1937</th><th colspan="12">1938</th><th colspan="12">1939</th><th colspan="12">1940</th></tr><tr><th rowspan="2">DOLLARS Millions</th><th rowspan="2">Purchases</th><th>JAN</th><th>MAR</th><th>MAY</th><th>JULY</th><th>SEPT.</th><th>NOV.</th><th>JAN.</th><th>MAR.</th><th>MAY</th><th>JULY</th><th>SEPT.</th><th>NOV.</th><th>JAN.</th><th>MAR.</th><th>MAY</th><th>JULY</th><th>SEPT.</th><th>NOV.</th><th>JAN.</th><th>MAR.</th><th>MAY</th><th>JULY</th><th>SEPT.</th><th>NOV.</th></tr><tr><td>120</td><td>100</td><td>80</td><td>60</td><td>40</td><td>20</td><td>0</td><td>100</td><td>80</td><td>60</td><td>40</td><td>20</td><td>0</td><td>60</td><td>40</td><td>20</td><td>0</td><td>20</td><td>40</td><td>120</td><td>100</td><td>80</td><td>60</td><td>40</td></tr><tr><td colspan="2">Purchases</td><td colspan="12"></td><td colspan="12">Sales</td><td colspan="12">Net Purchases</td><td colspan="12">Net Sales</td></tr><tr><td colspan="2">1937</td><td colspan="12">Purchases</td><td colspan="12">Sales</td><td colspan="12">Net Purchases</td><td colspan="12">Net Sales</td></tr><tr><td colspan="2">1938</td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td></tr><tr><td colspan="2">1939</td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td></tr><tr><td colspan="2">1940</td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td><td colspan="12"></td></tr></table>
48
49
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for April 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>Nether-lands</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>Apr. 10 Spot......</td><td>61,371</td><td>40,523</td><td>2,142</td><td>2,449</td><td>50</td><td>218</td><td>4,269</td><td>140</td><td>2,084</td><td>457</td><td>52,332</td><td>3,915</td><td>1,325</td><td>2,346</td><td>861</td><td>3,207</td><td>592</td></tr><tr><td>Apr. 10 Forward....</td><td>32,802</td><td>23,444</td><td>386</td><td>238</td><td>-</td><td>3</td><td>3,393</td><td>-</td><td>597</td><td>6</td><td>28,067</td><td>3,643</td><td>163</td><td>317</td><td>579</td><td>896</td><td>33</td></tr><tr><td>Apr. 17 Spot......</td><td>66,074</td><td>42,671</td><td>2,552</td><td>1,712</td><td>112</td><td>321</td><td>6,958</td><td>403</td><td>1,912</td><td>246</td><td>56,857</td><td>6,084</td><td>590</td><td>1,292</td><td>735</td><td>2,027</td><td>486</td></tr><tr><td>Apr. 17 Forward....</td><td>44,827</td><td>34,004</td><td>774</td><td>269</td><td>-</td><td>-</td><td>3,858</td><td>70</td><td>403</td><td>3</td><td>39,381</td><td>3,147</td><td>61</td><td>998</td><td>1,181</td><td>2,179</td><td>49</td></tr><tr><td>Apr. 24 Spot......</td><td>55,032</td><td>37,386</td><td>1,611</td><td>1,361</td><td>54</td><td>324</td><td>3,809</td><td>350</td><td>1,492</td><td>152</td><td>46,839</td><td>5,342</td><td>770</td><td>1,101</td><td>703</td><td>1,804</td><td>277</td></tr><tr><td>Apr. 24 Forward....</td><td>32,532</td><td>27,384</td><td>210</td><td>190</td><td>-</td><td>48</td><td>1,883</td><td>335</td><td>718</td><td>6</td><td>30,734</td><td>661</td><td>32</td><td>580</td><td>511</td><td>1,091</td><td>15</td></tr><tr><td>May 1 Spot......</td><td>58,226</td><td>31,286</td><td>1,893</td><td>1,418</td><td>67</td><td>351</td><td>5,090</td><td>294</td><td>2,699</td><td>92</td><td>43,770</td><td>11,604</td><td>564</td><td>907</td><td>604</td><td>1,571</td><td>1,057</td></tr><tr><td>May 1 Forward....</td><td>30,940</td><td>19,769</td><td>192</td><td>261</td><td>-</td><td>51</td><td>1,597</td><td>90</td><td>344</td><td>-</td><td>22,304</td><td>6,972</td><td>1</td><td>1,167</td><td>436</td><td>1,603</td><td>60</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>Apr. 10 Spot......</td><td>50,178</td><td>32,327</td><td>1,970</td><td>2,439</td><td>38</td><td>166</td><td>3,999</td><td>125</td><td>2,059</td><td>430</td><td>43,553</td><td>3,021</td><td>691</td><td>2,118</td><td>670</td><td>2,788</td><td>125</td></tr><tr><td>Apr. 10 Forward....</td><td>21,974</td><td>15,632</td><td>340</td><td>154</td><td>-</td><td>3</td><td>1,752</td><td>-</td><td>376</td><td>3</td><td>18,260</td><td>2,721</td><td>163</td><td>310</td><td>907</td><td>817</td><td>13</td></tr><tr><td>Apr. 17 Spot......</td><td>56,308</td><td>35,680</td><td>2,494</td><td>1,645</td><td>74</td><td>168</td><td>6,573</td><td>361</td><td>1,819</td><td>242</td><td>49,096</td><td>4,723</td><td>524</td><td>1,037</td><td>714</td><td>1,751</td><td>248</td></tr><tr><td>Apr. 17 Forward....</td><td>35,421</td><td>27,199</td><td>727</td><td>175</td><td>-</td><td>-</td><td>2,895</td><td>35</td><td>243</td><td>3</td><td>31,237</td><td>3,056</td><td>50</td><td>329</td><td>747</td><td>1,076</td><td>2</td></tr><tr><td>Apr. 24 Spot......</td><td>44,401</td><td>29,429</td><td>1,554</td><td>1,342</td><td>42</td><td>218</td><td>3,602</td><td>317</td><td>1,449</td><td>450</td><td>38,403</td><td>4,065</td><td>548</td><td>912</td><td>385</td><td>1,297</td><td>88</td></tr><tr><td>Apr. 24 Forward....</td><td>26,776</td><td>23,043</td><td>190</td><td>82</td><td>-</td><td>42</td><td>1,054</td><td>335</td><td>490</td><td>6</td><td>25,242</td><td>569</td><td>-</td><td>480</td><td>485</td><td>965</td><td>-</td></tr><tr><td>May 1 Spot......</td><td>48,776</td><td>24,952</td><td>1,844</td><td>1,377</td><td>43</td><td>191</td><td>4,617</td><td>258</td><td>2,835</td><td>78</td><td>36,225</td><td>10,548</td><td>379</td><td>695</td><td>523</td><td>1,218</td><td>406</td></tr><tr><td>May 1 Forward....</td><td>17,806</td><td>14,409</td><td>152</td><td>129</td><td>-</td><td>13</td><td>836</td><td>-</td><td>193</td><td>-</td><td>15,728</td><td>635</td><td>-</td><td>1,050</td><td>393</td><td>1,443</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>Apr. 10 Spot......</td><td>11,193</td><td>8,196</td><td>172</td><td>10</td><td>12</td><td>52</td><td>270</td><td>15</td><td>25</td><td>27</td><td>8,779</td><td>894</td><td>634</td><td>226</td><td>191</td><td>419</td><td>467</td></tr><tr><td>Apr. 10 Forward....</td><td>10,828</td><td>7,812</td><td>46</td><td>84</td><td>-</td><td>-</td><td>1,641</td><td>-</td><td>221</td><td>3</td><td>9,807</td><td>922</td><td>-</td><td>7</td><td>72</td><td>79</td><td>20</td></tr><tr><td>Apr. 17 Spot......</td><td>9,766</td><td>6,991</td><td>58</td><td>67</td><td>38</td><td>153</td><td>385</td><td>42</td><td>93</td><td>4</td><td>7,831</td><td>1,355</td><td>66</td><td>255</td><td>21</td><td>276</td><td>238</td></tr><tr><td>Apr. 17 Forward....</td><td>8,396</td><td>6,645</td><td>47</td><td>94</td><td>-</td><td>-</td><td>963</td><td>35</td><td>160</td><td>-</td><td>8,144</td><td>91</td><td>11</td><td>669</td><td>434</td><td>1,103</td><td>47</td></tr><tr><td>Apr. 24 Spot......</td><td>10,631</td><td>7,957</td><td>57</td><td>19</td><td>12</td><td>106</td><td>207</td><td>33</td><td>43</td><td>2</td><td>8,436</td><td>1,277</td><td>222</td><td>189</td><td>318</td><td>507</td><td>189</td></tr><tr><td>Apr. 24 Forward....</td><td>5,756</td><td>4,341</td><td>20</td><td>68</td><td>-</td><td>6</td><td>823</td><td>33</td><td>228</td><td>-</td><td>5,492</td><td>92</td><td>31</td><td>100</td><td>26</td><td>126</td><td>15</td></tr><tr><td>May 1 Spot......</td><td>9,450</td><td>6,304</td><td>49</td><td>41</td><td>24</td><td>140</td><td>473</td><td>36</td><td>64</td><td>14</td><td>7,145</td><td>1,116</td><td>185</td><td>212</td><td>141</td><td>353</td><td>651</td></tr><tr><td>May 1 Forward....</td><td>13,134</td><td>5,360</td><td>40</td><td>136</td><td>-</td><td>38</td><td>761</td><td>90</td><td>151</td><td>-</td><td>6,576</td><td>6,337</td><td>1</td><td>117</td><td>43</td><td>160</td><td>60</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>Apr. 10 Spot......</td><td>59,065</td><td>39,268</td><td>2,310</td><td>2,049</td><td>49</td><td>293</td><td>4,484</td><td>226</td><td>2,399</td><td>521</td><td>51,999</td><td>4,270</td><td>684</td><td>946</td><td>1,192</td><td>2,138</td><td>395</td></tr><tr><td>Apr. 10 Forward....</td><td>37,936</td><td>25,726</td><td>289</td><td>500</td><td>-</td><td>4</td><td>4,149</td><td>28</td><td>844</td><td>3</td><td>31,543</td><td>3,585</td><td>708</td><td>1,722</td><td>413</td><td>2,135</td><td>25</td></tr><tr><td>Apr. 17 Spot......</td><td>76,296</td><td>53,210</td><td>2,680</td><td>1,390</td><td>92</td><td>312</td><td>6,737</td><td>645</td><td>1,534</td><td>253</td><td>66,853</td><td>5,859</td><td>677</td><td>1,073</td><td>1,952</td><td>2,629</td><td>282</td></tr><tr><td>Apr. 17 Forward....</td><td>35,625</td><td>24,609</td><td>286</td><td>320</td><td>-</td><td>2</td><td>4,699</td><td>70</td><td>684</td><td>3</td><td>30,633</td><td>3,181</td><td>90</td><td>1,465</td><td>212</td><td>1,677</td><td>84</td></tr><tr><td>Apr. 24 Spot......</td><td>55,196</td><td>37,762</td><td>1,742</td><td>1,041</td><td>67</td><td>313</td><td>3,604</td><td>633</td><td>1,287</td><td>539</td><td>47,048</td><td>5,189</td><td>754</td><td>1,072</td><td>860</td><td>1,932</td><td>273</td></tr><tr><td>Apr. 24 Forward....</td><td>32,292</td><td>27,082</td><td>148</td><td>223</td><td>-</td><td>67</td><td>2,206</td><td>176</td><td>655</td><td>3</td><td>30,560</td><td>1,071</td><td>76</td><td>459</td><td>81</td><td>570</td><td>15</td></tr><tr><td>May 1 Spot......</td><td>59,068</td><td>33,268</td><td>1,866</td><td>1,387</td><td>82</td><td>309</td><td>3,563</td><td>378</td><td>2,493</td><td>95</td><td>43,441</td><td>11,747</td><td>493</td><td>1,360</td><td>1,073</td><td>2,433</td><td>954</td></tr><tr><td>May 1 Forward....</td><td>30,202</td><td>19,024</td><td>164</td><td>349</td><td>-</td><td>67</td><td>2,115</td><td>53</td><td>490</td><td>-</td><td>22,262</td><td>7,065</td><td>-</td><td>560</td><td>268</td><td>828</td><td>47</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>Apr. 10 Spot......</td><td>42,090</td><td>29,630</td><td>1,498</td><td>1,646</td><td>13</td><td>206</td><td>3,325</td><td>144</td><td>1,714</td><td>340</td><td>38,516</td><td>2,410</td><td>369</td><td>329</td><td>244</td><td>573</td><td>222</td></tr><tr><td>Apr. 10 Forward....</td><td>24,645</td><td>16,725</td><td>97</td><td>497</td><td>-</td><td>4</td><td>2,611</td><td>27</td><td>801</td><td>3</td><td>20,805</td><td>1,305</td><td>701</td><td>1,521</td><td>314</td><td>1,825</td><td>12</td></tr><tr><td>Apr. 17 Spot......</td><td>61,376</td><td>46,359</td><td>1,929</td><td>914</td><td>16</td><td>219</td><td>5,407</td><td>474</td><td>1,025</td><td>155</td><td>56,498</td><td>4,056</td><td>174</td><td>316</td><td>183</td><td>499</td><td>149</td></tr><tr><td>Apr. 17 Forward....</td><td>27,405</td><td>20,326</td><td>216</td><td>291</td><td>-</td><td>-</td><td>3,124</td><td>70</td><td>612</td><td>3</td><td>24,642</td><td>1,106</td><td>50</td><td>1,417</td><td>143</td><td>1,560</td><td>47</td></tr><tr><td>Apr. 24 Spot......</td><td>40,490</td><td>29,738</td><td>1,043</td><td>568</td><td>26</td><td>191</td><td>2,386</td><td>315</td><td>809</td><td>312</td><td>35,388</td><td>3,937</td><td>211</td><td>520</td><td>253</td><td>773</td><td>181</td></tr><tr><td>Apr. 24 Forward....</td><td>26,852</td><td>22,807</td><td>104</td><td>178</td><td>-</td><td>67</td><td>1,218</td><td>176</td><td>621</td><td>3</td><td>25,174</td><td>1,063</td><td>44</td><td>477</td><td>78</td><td>555</td><td>15</td></tr><tr><td>May 1 Spot......</td><td>36,244</td><td>25,227</td><td>1,072</td><td>587</td><td>45</td><td>205</td><td>1,750</td><td>215</td><td>1,216</td><td>37</td><td>30,354</td><td>3,708</td><td>125</td><td>851</td><td>378</td><td>1,259</td><td>798</td></tr><tr><td>May 1 Forward....</td><td>24,022</td><td>14,328</td><td>93</td><td>240</td><td>-</td><td>67</td><td>1,081</td><td>53</td><td>335</td><td>-</td><td>16,197</td><td>6,951</td><td>-</td><td>560</td><td>267</td><td>827</td><td>47</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>Apr. 10 Spot......</td><td>16,996</td><td>9,638</td><td>812</td><td>403</td><td>36</td><td>87</td><td>1,199</td><td>82</td><td>685</td><td>181</td><td>13,083</td><td>1,860</td><td>315</td><td>617</td><td>948</td><td>1,565</td><td>173</td></tr><tr><td>Apr. 10 Forward....</td><td>13,348</td><td>9,001</td><td>192</td><td>3</td><td>-</td><td>-</td><td>1,538</td><td>1</td><td>3</td><td>-</td><td>10,738</td><td>2,880</td><td>7</td><td>211</td><td>99</td><td>310</td><td>13</td></tr><tr><td>Apr. 17 Spot......</td><td>14,920</td><td>6,851</td><td>751</td><td>476</td><td>76</td><td>93</td><td>1,330</td><td>171</td><td>509</td><td>98</td><td>10,395</td><td>1,803</td><td>503</td><td>757</td><td>1,369</td><td>2,126</td><td>133</td></tr><tr><td>Apr. 17 Forward....</td><td>8,220</td><td>4,283</td><td>30</td><td>29</td><td>-</td><td>2</td><td>1,575</td><td>-</td><td>72</td><td>-</td><td>5,991</td><td>2,075</td><td>-</td><td>48</td><td>69</td><td>117</td><td>37</td></tr><tr><td>Apr. 24 Spot......</td><td>14,706</td><td>8,024</td><td>699</td><td>473</td><td>41</td><td>122</td><td>1,278</td><td>318</td><td>478</td><td>227</td><td>11,660</td><td>1,252</td><td>543</td><td>552</td><td>607</td><td>1,159</td><td>92</td></tr><tr><td>Apr. 24 Forward....</td><td>5,441</td><td>4,275</td><td>44</td><td>45</td><td>-</td><td>-</td><td>983</td><td>-</td><td>34</td><td>-</td><td>5,386</td><td>8</td><td>32</td><td>12</td><td>3</td><td>15</td><td>-</td></tr><tr><td>May 1 Spot......</td><td>22,824</td><td>8,041</td><td>794</td><td>800</td><td>37</td><td>104</td><td>1,813</td><td>163</td><td>1,277</td><td>58</td><td>17,087</td><td>8,039</td><td>368</td><td>479</td><td>695</td><td>1,174</td><td>156</td></tr><tr><td>May 1 Forward....</td><td>6,180</td><td>4,696</td><td>71</td><td>109</td><td>-</td><td>-
50
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during April 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>Bol-gium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin Amer-ica</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td><b>TOTAL PURCHASE CONTRACTS:</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>Apr. 10.</td><td>311,040</td><td>225,798</td><td>1,931</td><td>4,694</td><td>-</td><td>444</td><td>23,690</td><td>1,229</td><td>4,929</td><td>145</td><td>262,860</td><td>35,856</td><td>1,256</td><td>3,085</td><td>7,818</td><td>10,903</td><td>165</td></tr><tr><td>Apr. 17.</td><td>290,801</td><td>219,379</td><td>2,412</td><td>4,584</td><td>-</td><td>417</td><td>25,040</td><td>1,197</td><td>4,900</td><td>147</td><td>258,076</td><td>19,575</td><td>1,319</td><td>3,077</td><td>8,549</td><td>11,626</td><td>205</td></tr><tr><td>Apr. 24.</td><td>294,746</td><td>222,815</td><td>2,408</td><td>4,306</td><td>-</td><td>425</td><td>25,377</td><td>1,007</td><td>5,389</td><td>80</td><td>261,807</td><td>19,316</td><td>1,350</td><td>3,340</td><td>8,738</td><td>12,078</td><td>195</td></tr><tr><td>May 1.</td><td>274,289</td><td>199,076</td><td>7,135</td><td>4,076</td><td>-</td><td>416</td><td>23,551</td><td>426</td><td>4,564</td><td>79</td><td>239,643</td><td>21,241</td><td>1,353</td><td>3,491</td><td>8,357</td><td>11,848</td><td>204</td></tr><tr><td><b>Contracts for purchases from foreign customers:</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>Apr. 10.</td><td>102,499</td><td>74,390</td><td>793</td><td>938</td><td>-</td><td>81</td><td>4,819</td><td>25</td><td>393</td><td>-</td><td>81,439</td><td>16,412</td><td>809</td><td>470</td><td>3,316</td><td>3,786</td><td>13</td></tr><tr><td>Apr. 17.</td><td>94,689</td><td>70,217</td><td>1,263</td><td>959</td><td>-</td><td>78</td><td>4,743</td><td>25</td><td>415</td><td>-</td><td>77,700</td><td>12,318</td><td>809</td><td>492</td><td>3,370</td><td>3,862</td><td>-</td></tr><tr><td>Apr. 24.</td><td>94,179</td><td>69,298</td><td>1,244</td><td>893</td><td>-</td><td>83</td><td>4,880</td><td>221</td><td>512</td><td>-</td><td>77,131</td><td>12,095</td><td>826</td><td>476</td><td>3,651</td><td>4,127</td><td>-</td></tr><tr><td>May 1.</td><td>83,236</td><td>56,901</td><td>6,009</td><td>732</td><td>-</td><td>90</td><td>4,290</td><td>25</td><td>422</td><td>-</td><td>68,469</td><td>9,928</td><td>826</td><td>628</td><td>3,445</td><td>4,073</td><td>-</td></tr><tr><td><b>Contracts for purchases from domestic customers:</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>Apr. 10.</td><td>208,581</td><td>151,408</td><td>1,138</td><td>3,756</td><td>-</td><td>363</td><td>18,871</td><td>1,204</td><td>4,536</td><td>145</td><td>181,421</td><td>19,444</td><td>447</td><td>2,615</td><td>4,502</td><td>7,117</td><td>152</td></tr><tr><td>Apr. 17.</td><td>196,112</td><td>149,162</td><td>1,149</td><td>3,625</td><td>-</td><td>339</td><td>20,297</td><td>1,172</td><td>4,455</td><td>147</td><td>180,376</td><td>7,257</td><td>510</td><td>2,585</td><td>5,179</td><td>7,704</td><td>205</td></tr><tr><td>Apr. 24.</td><td>200,567</td><td>153,517</td><td>1,164</td><td>3,413</td><td>-</td><td>342</td><td>20,497</td><td>786</td><td>4,877</td><td>80</td><td>184,676</td><td>7,221</td><td>524</td><td>2,864</td><td>5,087</td><td>7,951</td><td>195</td></tr><tr><td>May 1.</td><td>190,993</td><td>142,175</td><td>1,426</td><td>3,344</td><td>-</td><td>326</td><td>19,261</td><td>401</td><td>4,162</td><td>79</td><td>171,174</td><td>11,313</td><td>527</td><td>2,863</td><td>4,912</td><td>7,775</td><td>204</td></tr><tr><td><b>TOTAL SALES CONTRACTS:</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>Apr. 10.</td><td>331,887</td><td>237,201</td><td>1,673</td><td>5,692</td><td>-</td><td>503</td><td>29,095</td><td>1,157</td><td>5,962</td><td>191</td><td>281,474</td><td>36,897</td><td>2,162</td><td>5,901</td><td>5,246</td><td>11,147</td><td>187</td></tr><tr><td>Apr. 17.</td><td>310,789</td><td>230,172</td><td>1,642</td><td>5,425</td><td>-</td><td>461</td><td>30,647</td><td>1,148</td><td>5,843</td><td>189</td><td>275,527</td><td>20,446</td><td>2,728</td><td>6,381</td><td>5,510</td><td>11,891</td><td>197</td></tr><tr><td>Apr. 24.</td><td>313,606</td><td>233,762</td><td>1,654</td><td>4,856</td><td>-</td><td>474</td><td>30,887</td><td>1,216</td><td>6,262</td><td>171</td><td>279,292</td><td>19,995</td><td>2,765</td><td>5,910</td><td>5,434</td><td>11,344</td><td>210</td></tr><tr><td>May 1.</td><td>292,476</td><td>210,253</td><td>6,830</td><td>4,524</td><td>-</td><td>497</td><td>28,185</td><td>479</td><td>5,314</td><td>113</td><td>256,195</td><td>21,765</td><td>2,766</td><td>6,183</td><td>5,439</td><td>11,627</td><td>123</td></tr><tr><td><b>Contracts for sale to foreign customers:</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>Apr. 10.</td><td>99,757</td><td>60,376</td><td>58</td><td>3,998</td><td>-</td><td>114</td><td>8,492</td><td>780</td><td>4,071</td><td>151</td><td>78,040</td><td>13,941</td><td>1,957</td><td>2,668</td><td>2,855</td><td>5,723</td><td>96</td></tr><tr><td>Apr. 17.</td><td>85,166</td><td>55,493</td><td>64</td><td>3,773</td><td>-</td><td>100</td><td>8,199</td><td>737</td><td>3,739</td><td>154</td><td>72,859</td><td>3,270</td><td>2,909</td><td>3,374</td><td>3,604</td><td>6,978</td><td>190</td></tr><tr><td>Apr. 24.</td><td>83,824</td><td>55,502</td><td>56</td><td>3,285</td><td>-</td><td>100</td><td>8,194</td><td>632</td><td>3,648</td><td>154</td><td>71,771</td><td>3,152</td><td>2,514</td><td>2,624</td><td>3,600</td><td>6,224</td><td>163</td></tr><tr><td>May 1.</td><td>81,498</td><td>50,431</td><td>472</td><td>2,849</td><td>-</td><td>100</td><td>7,049</td><td>303</td><td>3,327</td><td>94</td><td>64,625</td><td>7,708</td><td>2,515</td><td>2,912</td><td>3,615</td><td>6,527</td><td>123</td></tr><tr><td><b>Contracts for sale to domestic customers:</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>Apr. 10.</td><td>232,130</td><td>176,825</td><td>1,615</td><td>1,694</td><td>-</td><td>389</td><td>20,603</td><td>377</td><td>1,891</td><td>40</td><td>203,434</td><td>22,956</td><td>225</td><td>3,033</td><td>2,391</td><td>5,424</td><td>91</td></tr><tr><td>Apr. 17.</td><td>225,623</td><td>174,679</td><td>1,578</td><td>1,652</td><td>-</td><td>361</td><td>22,448</td><td>411</td><td>2,104</td><td>35</td><td>203,268</td><td>17,176</td><td>219</td><td>3,007</td><td>1,906</td><td>4,913</td><td>47</td></tr><tr><td>Apr. 24.</td><td>229,782</td><td>178,260</td><td>1,598</td><td>1,580</td><td>-</td><td>374</td><td>22,693</td><td>584</td><td>2,414</td><td>17</td><td>207,521</td><td>16,843</td><td>251</td><td>3,286</td><td>1,674</td><td>5,120</td><td>47</td></tr><tr><td>May 1.</td><td>210,978</td><td>159,822</td><td>6,358</td><td>1,675</td><td>-</td><td>397</td><td>21,136</td><td>175</td><td>1,987</td><td>19</td><td>191,570</td><td>14,057</td><td>251</td><td>3,276</td><td>1,824</td><td>5,100</td><td>-</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for April 1940
(In thousands of dollars)
<table><tr><th>Position as of following dates</th><th colspan="13">Currency of-</th></tr><tr><th></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>Apr. 10.</td><td>-17,549</td><td>-5,112</td><td>+214</td><td>-1,979</td><td>-78</td><td>-383</td><td>-1,339</td><td>-171</td><td>-1,307</td><td>-692</td><td>-13,847</td><td>+1,049</td><td>-505</td><td>-3,395</td><td>-808</td><td>-4,203</td><td>-43</td></tr><tr><td>Apr. 17.</td><td>-16,707</td><td>-6,261</td><td>+635</td><td>-1,705</td><td>-64</td><td>-379</td><td>-4,916</td><td>-411</td><td>-1,305</td><td>-701</td><td>-15,107</td><td>+1,283</td><td>-601</td><td>-3,653</td><td>-637</td><td>-4,290</td><td>+8</td></tr><tr><td>Apr. 24.</td><td>-19,136</td><td>-6,737</td><td>+663</td><td>-1,469</td><td>-77</td><td>-387</td><td>-5,138</td><td>-522</td><td>-1,049</td><td>-780</td><td>-15,492</td><td>+1,060</td><td>-623</td><td>-3,568</td><td>-525</td><td>-4,093</td><td>+12</td></tr><tr><td>May 1.</td><td>-19,120</td><td>-7,762</td><td>+685</td><td>-1,481</td><td>-90</td><td>-380</td><td>-4,106</td><td>-578</td><td>-787</td><td>-779</td><td>-15,278</td><td>+892</td><td>-556</td><td>-3,433</td><td>-748</td><td>-4,181</td><td>+3</td></tr></table>
OTHER MONETARY STATISTICS
- 51 -
52
Balance Sheet of the Exchange Stabilization Fund
<table><tr><th></th><th>June 30, 1939</th><th>March 30, 1940</th></tr><tr><td><b>ASSETS:</b></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S., Gold</td><td>$1,800,000,000.00</td><td>$1,500,000,000.00</td></tr><tr><td>Treasurer of the U. S., Checking Account</td><td>1,598,137.07</td><td>1,512,531.78</td></tr><tr><td>Federal Reserve Bank of New York Special Account</td><td>104,567,674.90</td><td>45,194,858.98</td></tr><tr><td>Disbursing Officers' Balances and Advance Accounts</td><td>3,185.31</td><td>13,777.83</td></tr><tr><td></td><td>$1,906,168,997.28</td><td>$1,846,721,168.59</td></tr><tr><td>Special Accounts of Secretary of Treasury - Fed. Res. Bk. of N. Y.: Special Account No. 1 (Gold)*</td><td>$4,635,422.59</td><td>$144,940,925.58</td></tr><tr><td>Due from Foreign Banks (Foreign Exchange)</td><td></td><td></td></tr><tr><td>France</td><td>81.49</td><td>17.88</td></tr><tr><td>Belgias</td><td>2,220.34</td><td>505.17</td></tr><tr><td>Sterling</td><td>42,225.04</td><td>2,632.22</td></tr><tr><td>Central Bank of China (Secured Deposits)</td><td></td><td></td></tr><tr><td>65,229,995.63 Yuan (Gold held as collateral $19,379,015.65)</td><td>19,112,500.00</td><td>19,112,500.00</td></tr><tr><td>65,000,000.00 Yuan (Gold held as collateral $19,379,015.65)</td><td>-</td><td>19,115,655.27</td></tr><tr><td>Investments - U. S. Treasury Bonds**</td><td>5,026,562.50</td><td>10,448,723.13</td></tr><tr><td>Accrued Interest Receivable**</td><td>41,796.88</td><td>64,460.60</td></tr><tr><td>Other Accounts - Deferred Charges</td><td>15.00</td><td>11,241.80</td></tr><tr><td>Commodity Sales Contracts (Deferred Charges)</td><td>2,636.00</td><td>2,636.00</td></tr><tr><td>Total Assets</td><td>$2,015,032,457.12</td><td>$2,021,304,810.97</td></tr><tr><td><b>LIABILITIES AND CAPITAL:</b></td><td></td><td></td></tr><tr><td>Capital Account</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td></tr><tr><td>Accounts Payable</td><td></td><td></td></tr><tr><td>Vouchers Payable</td><td>8,846.75</td><td></td></tr><tr><td>Due to Foreign Banks</td><td>2,126,579.55</td><td>2,135,426.30</td></tr><tr><td>Earnings** - less General Expenses***</td><td>15,032,457.12</td><td>19,169,384.67</td></tr><tr><td>Total Liabilities and Capital</td><td>$2,015,032,457.12</td><td>$2,021,304,810.97</td></tr></table>
* See Schedule 1.
** See Schedule 2.
*** See Schedule 3.
53
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule #1
Special Accounts #1 - Gold
Schedule showing location of Gold held by and for account of the Exchange Stabilisation Fund
<table><tr><th></th><th colspan="2">June 30, 1939</th><th colspan="2">March 30, 1940</th></tr><tr><th></th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>Gold held by:</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bank of England.</td><td>84,040,992</td><td>2,941,434.71</td><td>133,270,647</td><td>4,684,479.66</td></tr><tr><td>Federal Reserve Bank of New York.</td><td>2,334,113,979</td><td>81,693,987.58</td><td>4,007,838,456</td><td>140,276,445.92</td></tr><tr><td>U. S. Assay Office, New York.</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>2,418,154,971</td><td>84,635,422.29</td><td>4,141,169,303</td><td>144,940,925.58</td></tr></table>
Schedule #2
Schedule showing total earnings of the Exchange Stabilisation Fund from January 31, 1934 to June 30, 1939 and March 30, 1940
<table><tr><th></th><th>June 30, 1939</th><th>March 30, 1940</th></tr><tr><td><b>Source:</b></td><td></td><td></td></tr><tr><td>Profits on British Sterling Transactions</td><td>$ 316,897.59</td><td>$ 310,290.26</td></tr><tr><td>Profits on French Franc Transactions</td><td>352,012.49</td><td>351,537.99</td></tr><tr><td>Profits on Gold Bullion</td><td></td><td></td></tr><tr><td>Profits on handling charges on gold</td><td>7,033,105.87</td><td>10,608,287.77</td></tr><tr><td>Profits on Silver Transactions</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profits on sale of Silver Bullion to Treasury (nationalised)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>619,826.17</td><td>1,019,326.18</td></tr><tr><td>Interest on investments</td><td>3,029,137.48</td><td>3,176,467.01</td></tr><tr><td>Miscellaneous Profits</td><td>33.30</td><td>473.74</td></tr><tr><td>Interest earned on Foreign Balances</td><td>56,717.37</td><td>56,717.37</td></tr><tr><td>Interest earned on Chinese Yuan</td><td>979,391.63</td><td>1,194,877.98</td></tr><tr><td><b>Total</b></td><td>15,965,855.48</td><td>20,296,711.56</td></tr></table>
Investments
Schedule showing Classes of U. S. Treasury Bonds held by the Exchange Stabilisation Fund.
<table><tr><th></th><th colspan="4">June 30, 1939</th><th colspan="4">March 30, 1940</th></tr><tr><th></th><th>Face Value</th><th>Principal Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th><th>Face Value</th><th>Principal Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th></tr><tr><td>2-1/4% U. S. Treasury Bonds of 1951-53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$10,000,000</td><td>$10,000,000.00</td><td>$60,850.66</td><td>100.0000</td></tr><tr><td>2-7/8% U. S. Treasury Bonds of 1955-60</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td>100.5313</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% U. S. Treasury Bonds of 1958-63</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$90,000</td><td>$99,640.63</td><td>$398.22</td><td>99.2803</td></tr><tr><td>2-3/4% U. S. Treasury Bonds of 1960-65</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$402,000</td><td>$399,082.50</td><td>$3,201.72</td><td>99.2743</td></tr><tr><td>Total</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td></td><td>$10,492,000</td><td>$10,448,723.13</td><td>$64,460.60</td><td></td></tr></table>
Schedule #3
Administrative Expenses of the Exchange Stabilisation Fund from Jan. 31, 1934 to June 30, 1939 and March 30, 1940
<table><tr><th></th><th>June 30, 1939</th><th>March 30, 1940</th></tr><tr><td>Salaries</td><td>$549,652.68</td><td>$678,619.26</td></tr><tr><td>Travel</td><td>$1,222.12</td><td>$45,909.08</td></tr><tr><td>Subsistence</td><td>$25,817.24</td><td>$34,260.89</td></tr><tr><td>Telephone & Telegraph</td><td>$220,620.09</td><td>$260,909.73</td></tr><tr><td>Stationery, etc.</td><td>$12,502.07</td><td>$13,561.88</td></tr><tr><td>All other</td><td>$80,284.16</td><td>$94,066.35</td></tr><tr><td>Total</td><td>$933,396.36</td><td>$1,127,327.19</td></tr></table>
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>11,257.8</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>1,791.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>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-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>344.4</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><tr><td>May</td><td>19,208.9</td><td>17,061.6</td><td>156.0</td><td>1,800.0</td><td>191.3</td></tr><tr><td>June</td><td>19,963.1</td><td>17,821.2</td><td>156.0</td><td>1,800.0</td><td>185.9</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-lands</th><th>Switzer-land</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</th><th>British India</th><th>Aus-tralia</th><th>Philip-pine Islands</th><th>Co-lombia</th><th>Chile</th><th>Peru</th><th>China</th><th>All other</th><th>Total net imports or net exports (-)</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>3.4</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>3.3</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>2,973.6</td></tr><tr><td>1939</td><td>1,826.4</td><td>3.8</td><td>341.6</td><td>87.0</td><td>613.0</td><td>33.6</td><td>165.6</td><td>165.2</td><td>53.3</td><td>74.3</td><td>35.6</td><td>23.2</td><td>10.1</td><td>5.3</td><td>28.1</td><td>108.1</td><td>3,574.2</td></tr><tr><td>1939-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>5.1</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>1.6</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>.1</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>1.2</td><td>326.1</td></tr><tr><td>Cot.</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>10.1</td><td>12.5</td><td>2.6</td><td>2.1</td><td>.7</td><td>.2</td><td>4.6</td><td>26.8</td><td>168.0</td></tr><tr><td>Dec.</td><td>10.4</td><td>-</td><td>31.5</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>47.9</td><td>451.2</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>6.7</td><td>4.2</td><td>1.9</td><td>-</td><td>.7</td><td>1.5</td><td>1.0</td><td>79.2</td><td>201.4</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><tr><td>May</td><td>62.0</td><td>-</td><td>9.4</td><td>11.5</td><td>281.2</td><td>2.3</td><td>4.7</td><td>-</td><td>4.3</td><td>5.2</td><td>2.4</td><td>2.1</td><td>1.2</td><td>1.5</td><td>4.0</td><td>43.3</td><td>475.1</td></tr><tr><td>June</td><td>128.0</td><td>241.6</td><td>3.7</td><td>2.1</td><td>716.7</td><td>4.2</td><td>3.4</td><td>-</td><td>2.4</td><td>6.6</td><td>3.9</td><td>2.1</td><td>.3</td><td>.6</td><td>1.5</td><td>45.9</td><td>1,163.0</td></tr></table>
1/ Including Hong Kong.
Treasury Gold Receipts
(In millions of dollars)
<table><tr><th></th><th>Newly-mined domestic gold</th><th>Gold received by importation or released for exportation (-) 1/</th><th>Miscellaneous-2/</th><th>Total</th></tr><tr><td>1937 - Jan.-Mar.........</td><td>32.93</td><td>277.22</td><td>6.00</td><td>316.15</td></tr><tr><td>Apr.-June.........</td><td>36.46</td><td>691.37</td><td>16.61</td><td>744.44</td></tr><tr><td>July-Sept.........</td><td>45.85</td><td>371.80</td><td>4.40</td><td>422.04</td></tr><tr><td>Oct.-Dec.........</td><td>45.61</td><td>-30.80</td><td>4.95</td><td>19.76</td></tr><tr><td>1938 - Jan.-Mar.........</td><td>38.23</td><td>-7.67</td><td>3.83</td><td>34.39</td></tr><tr><td>Apr.-June.........</td><td>40.42</td><td>124.59</td><td>3.54</td><td>168.55</td></tr><tr><td>July-Sept.........</td><td>47.22</td><td>743.96</td><td>5.25</td><td>796.43</td></tr><tr><td>Oct.-Dec.........</td><td>49.12</td><td>701.00</td><td>1.75</td><td>751.87</td></tr><tr><td>1939 - Jan.-Mar.........</td><td>44.40</td><td>699.30</td><td>3.31</td><td>747.01</td></tr><tr><td>Apr.-June.........</td><td>43.69</td><td>804.96</td><td>3.11</td><td>851.76</td></tr><tr><td>July-Sept.........</td><td>52.34</td><td>765.95</td><td>3.24</td><td>821.53</td></tr><tr><td>Oct.-Dec.........</td><td>51.62</td><td>657.47</td><td>2.84</td><td>711.93</td></tr><tr><td>1940 - Jan.-Mar.........</td><td>46.77</td><td>739.62</td><td>2.93</td><td>789.32</td></tr><tr><td>Apr.-June.........</td><td>46.37</td><td>1,480.79</td><td>3.14</td><td>1,530.30</td></tr></table>
1/ Includes gold released from earmark or gold placed under earmark.
2/ Domestic coin, secondary gold, etc.
Monetary Stocks of Gold and Silver
(In millions of dollars - on basis, daily Treasury statements, revised)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of Silver to Gold and Silver in Monetary Stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,113.6</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>12,718.3</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-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>17,743.6</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>3,901.6</td><td>17.2</td></tr><tr><td>May</td><td>19,208.9</td><td>3,924.6</td><td>17.0</td></tr><tr><td>June</td><td>19,963.1</td><td>3,935.4</td><td>16.5</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>End of calendar year or month</th><th colspan="2">Securing silver certificates 1/</th><th colspan="3">In General Fund</th><th colspan="2">Silver outside Treasury</th><th>Total silver at $1.29 per ounce</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Sub-sidiary coin 2/</th><th>Bullion for recon- age 2/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Sub-sidiary coin2/</th><th></th></tr><tr><td>1934......</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935......</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936......</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937......</td><td>938.8</td><td>503.7</td><td>5.4</td><td>-</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938......</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>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-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>502.8</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>2.3</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>1,318.8</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>636.8</td><td>48.4</td><td>393.8</td><td>3,901.6</td></tr><tr><td>May.</td><td>1,347.2</td><td>498.3</td><td>5.6</td><td>.5</td><td>640.8</td><td>48.8</td><td>396.0</td><td>3,924.6</td></tr><tr><td>June.</td><td>1,353.2</td><td>498.1</td><td>3.8</td><td>.8</td><td>643.3</td><td>48.8</td><td>396.0</td><td>3,955.4</td></tr></table>
1/ Valued at $1.29* per ounce. 2/ Valued at $1.38* per ounce. *Preliminary.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions)
<table><tr><th>Calendar year or month</th><th colspan="2">Newly mined domestic 1/</th><th colspan="2">National-ised 2/</th><th colspan="2">Foreign 3/</th><th colspan="2">Total</th></tr><tr><th></th><th>Own-ces</th><th>Dol-lars</th><th>Own-ces</th><th>Dol-lars</th><th>Own-ces</th><th>Dol-lars</th><th>Own-ces</th><th>Dol-lars</th></tr><tr><td>1934.....</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935.....</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936.....</td><td>61.1</td><td>47.3</td><td>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-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>Augt.</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>Deco.</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><tr><td>May</td><td>5.1</td><td>3.6</td><td></td><td></td><td>12.7</td><td>4.5</td><td>17.8</td><td>8.1</td></tr><tr><td>June</td><td>4.6</td><td>3.3</td><td></td><td></td><td>6.3</td><td>2.2</td><td>10.9</td><td>5.5</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 84.64 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 51 cents per ounce.
Silver Production, by Leading Countries
(In thousands of fine ounces) 1/
<table><tr><th>Calendar year or month</th><th>United States</th><th>Canada 2/</th><th>Mexico</th><th>Peru</th><th>Other America</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India</th><th>Other Asia</th><th>Africa</th><th>Total for world</th></tr><tr><td>1933</td><td>22,821</td><td>16,395</td><td>68,101</td><td>6,761</td><td>10,819</td><td>14,769</td><td>11,553</td><td>6,680</td><td>6,080</td><td>1,104</td><td>4,076</td><td>169,159</td></tr><tr><td>1934</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>14,891</td><td>11,257</td><td>7,853</td><td>5,818</td><td>1,178</td><td>4,722</td><td>190,398</td></tr><tr><td>1935</td><td>45,613</td><td>17,743</td><td>75,589</td><td>17,433</td><td>12,788</td><td>17,199</td><td>12,434</td><td>9,706</td><td>5,850</td><td>1,219</td><td>5,130</td><td>220,704</td></tr><tr><td>1936</td><td>63,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>19,703</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td><td>253,696</td></tr><tr><td>1937</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,663</td><td>20,811</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,883</td><td>4,853</td><td>273,874</td></tr><tr><td>1938</td><td>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>15,649</td><td>10,500*</td><td>6,175 4/</td><td>4,685</td><td>5,439</td><td>259,913</td></tr><tr><td>1939-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>400</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>1,653</td><td>8,128</td><td>1,550</td><td>1,725</td><td>1,900</td><td>1,350</td><td>875*</td><td>480</td><td>400</td><td>539</td><td>23,452</td></tr><tr><td>Feb.</td><td>5,511</td><td>1,690</td><td>6,785</td><td>1,250</td><td>1,650</td><td>1,900</td><td>5/</td><td>900*</td><td>5/</td><td>375</td><td>507</td><td>22,068</td></tr><tr><td>Mar.</td><td>5,744</td><td>1,786</td><td>5,723</td><td>1,350</td><td>1,650</td><td>1,900</td><td>5/</td><td>900*</td><td>5/</td><td>375</td><td>529</td><td>21,857</td></tr><tr><td>Apr.</td><td>6,120</td><td>5/</td><td>5/</td><td>1,350</td><td>5/</td><td>1,900</td><td>5/</td><td>900*</td><td>5/</td><td>375</td><td>547</td><td>5/</td></tr><tr><td>May.</td><td>5,840</td><td>5/</td><td>5/</td><td>1,400</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td></tr></table>
1/ Annual Reports 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 Chosan and Taiwan.
4/ Burma, refined silver.
5/ Not yet reported.
6/ 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)
Net imports from or net exports (-) to:
<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>12,157</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>1,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-23</td><td>6,798</td><td>30,203</td><td>-7,451</td><td>966</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 1/2</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,341</td><td>2,858</td></tr><tr><td>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>21,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>1939-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>292</td></tr><tr><td>July</td><td>438</td><td>15</td><td>799</td><td>1,041</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>-544</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>-5</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>647</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><tr><td>May</td><td>-</td><td>44</td><td>452</td><td>2,294</td><td>-</td><td>234</td><td>438</td><td>170</td></tr><tr><td>June</td><td>69</td><td>-19</td><td>816</td><td>1,773</td><td>-</td><td>189</td><td>618</td><td>173</td></tr></table>
Net imports from or net exports (-) to:
<table><tr><th>Calendar year and month</th><th>British India</th><th>China</th><th>Bong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,651</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>5</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-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>4,831</td></tr><tr><td>Aug.</td><td>-35</td><td>-</td><td>-</td><td>153</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>53</td><td>69</td><td>3,347</td></tr><tr><td>Oct.</td><td>-</td><td>-</td><td>2,104</td><td>413</td><td>67</td><td>-11</td><td>5,498</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>-164</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><tr><td>May</td><td>-46</td><td>1</td><td>-</td><td>721</td><td>82</td><td>22</td><td>4,411</td></tr><tr><td>June.</td><td>-741</td><td>-</td><td>-</td><td>730</td><td>187</td><td>52</td><td>3,789</td></tr></table>
1/ Includes net import of $12,950,000 from France. 2/ Includes net import of $9,791,000 from Siam.
Seigniorage on Silver
(In millions of dollars - on basis of daily Treasury statements)
Sources of solignorage on silver bullion revalued 1/
<table><tr><th>Cumulative from Jan. 1, 1934 to end of calendar year or month</th><th>Seigniorage on silver and minor coins</th><th>Miss. silver (incl. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Free. Dec. 31, 1933)</th><th>Newly-mined silver (Act July 6, 1935)</th><th>Silver Purchase Act of June 13, 1934</th><th>Nationalized silver (Free. of Aug. 9, 1934)</th><th>Total seigniorage on silver revealed</th><th>seigniorage on silver bullion at cost in General Fund</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.3</td><td>186.7</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>365.2</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>304.7</td><td>34.7</td><td>482.1</td><td>396.4</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>504.1</td><td>443.9</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>437.7</td><td>34.7</td><td>616.0</td><td>573.3</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>590.6</td></tr><tr><td>1940-Jan.</td><td>92.9</td><td>48.7</td><td>87.5</td><td>6.3</td><td>535.8</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>7.1</td><td>538.3</td><td>34.7</td><td>716.9</td><td>978.1</td></tr><tr><td>Mar.</td><td>94.7</td><td>48.7</td><td>87.5</td><td>9.3</td><td>542.3</td><td>34.7</td><td>722.7</td><td>987.6</td></tr><tr><td>Apr.</td><td>95.3</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><tr><td>May.</td><td>97.2</td><td>48.7</td><td>87.5</td><td>18.6</td><td>554.8</td><td>34.7</td><td>732.7</td><td>1,009.6</td></tr><tr><td>June.</td><td>98.4</td><td>48.7</td><td>87.6</td><td>14.2</td><td>550.5</td><td>34.7</td><td>735.7</td><td>1,017.4</td></tr></table>
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>Moethly average of daily quotations</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Nether-lande</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>60</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-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>1939-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><tr><td>May.</td><td>59</td><td>40</td><td>28</td><td>78 2/</td><td>68</td><td>71 2/</td><td>28</td><td>57</td><td>7</td></tr><tr><td>June.</td><td>59</td><td>44</td><td>30 3/</td><td>-</td><td>69</td><td>-</td><td>28</td><td>57</td><td>8</td></tr></table>
1/ Average exchange rate for January 1928 = 100.
2/ Based on quotations for May 1 - 10. No rates available thereafter.
3/ Based on quotations for June 1 - 16. No rates available thereafter.
MISCELLANEOUS
— 59 —
60
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
Calendar Years 1938 and 1939, and May 1939 to May 1940
<table><tr><th rowspan="2"></th><th colspan="2">Calendar Year</th><th colspan="8">Number of Vessels</th><th colspan="5">1940</th></tr><tr><th>1938</th><th>1939</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><th>May</th></tr><tr><td>Grand total</td><td>31,710</td><td>34,192</td><td>2,971</td><td>3,389</td><td>4,141</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>1,869</td><td>2,037</td><td>2,136</td><td>3,055</td></tr><tr><td>Cleared to Great Lakes ports</td><td>7,423</td><td>7,963</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><td>308</td><td>998</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>24,287</td><td>26,229</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>1,842</td><td>2,012</td><td>1,828</td><td>2,057</td></tr><tr><td>American vessels</td><td>7,335</td><td>7,822</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>559</td><td>544</td><td>756</td></tr><tr><td>Foreign vessels</td><td>16,952</td><td>18,407</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>1,330</td><td>1,453</td><td>1,284</td><td>1,301</td></tr><tr><td>Belgian</td><td>81</td><td>102</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><td>16</td><td>12</td></tr><tr><td>British</td><td>9,052</td><td>9,954</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>711</td><td>668</td><td>669</td></tr><tr><td>Danish</td><td>520</td><td>604</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><td>8</td><td>1</td></tr><tr><td>Dutch</td><td>525</td><td>653</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><td>51</td><td>45</td></tr><tr><td>Finland</td><td>45</td><td>85</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><td>11</td><td>10</td></tr><tr><td>French</td><td>322</td><td>285</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><td>20</td><td>19</td></tr><tr><td>German</td><td>566</td><td>334</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><td>-</td><td>-</td></tr><tr><td>Greek</td><td>168</td><td>247</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>34</td><td>23</td><td>21</td><td>19</td></tr><tr><td>Honduran</td><td>639</td><td>699</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><td>74</td><td>87</td></tr><tr><td>Italian</td><td>304</td><td>278</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><td>28</td><td>37</td></tr><tr><td>Japanese</td><td>679</td><td>793</td><td>71</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><td>58</td><td>66</td></tr><tr><td>Nicaraguan</td><td>84</td><td>149</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>4</td><td>8</td><td>10</td></tr><tr><td>Norwegian</td><td>2,858</td><td>2,744</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>238</td><td>262</td><td>192</td><td>175</td></tr><tr><td>Panamanian</td><td>403</td><td>580</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>61</td><td>57</td><td>52</td><td>61</td></tr><tr><td>Swedish</td><td>386</td><td>467</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>41</td><td>32</td><td>19</td><td>24</td></tr><tr><td>Other flags</td><td>320</td><td>433</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>70</td><td>58</td><td>66</td></tr></table>
Net Registered Tonnage (in thousands)
<table><tr><th></th><th colspan="2">Calendar Year</th><th colspan="8">1939</th><th colspan="5">1940</th></tr><tr><th></th><th>1938</th><th>1939</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sep.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td>Grand total</td><td>71,286</td><td>70,306</td><td>6,251</td><td>6,604</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>4,279</td><td>4,637</td><td>4,759</td><td>5,845</td></tr><tr><td>Cleared to Great Lakes ports</td><td>12,151</td><td>12,030</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><td>667</td><td>1,674</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>59,105</td><td>58,276</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>4,192</td><td>4,556</td><td>4,092</td><td>4,171</td></tr><tr><td>American vessels</td><td>15,560</td><td>14,869</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>1,237</td><td>1,407</td><td>1,424</td><td>1,504</td></tr><tr><td>Foreign vessels</td><td>43,545</td><td>43,407</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>2,955</td><td>3,149</td><td>2,668</td><td>2,667</td></tr><tr><td>Belgian</td><td>289</td><td>371</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><td>61</td><td>44</td></tr><tr><td>British</td><td>16,147</td><td>14,904</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>934</td><td>839</td><td>767</td></tr><tr><td>Danish</td><td>1,324</td><td>1,480</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><td>27</td><td>4</td></tr><tr><td>Dutch</td><td>2,449</td><td>2,968</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><td>221</td><td>175</td></tr><tr><td>Finnish</td><td>95</td><td>137</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><td>17</td><td>17</td></tr><tr><td>French</td><td>2,350</td><td>1,922</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>64</td><td>74</td><td>82</td><td>90</td></tr><tr><td>German</td><td>3,577</td><td>2,141</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><td>-</td><td>-</td></tr><tr><td>Greek</td><td>528</td><td>533</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>109</td><td>69</td><td>74</td><td>60</td></tr><tr><td>Honduran</td><td>946</td><td>914</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><td>99</td><td>114</td></tr><tr><td>Italian</td><td>2,116</td><td>1,982</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><td>171</td><td>155</td></tr><tr><td>Japanese</td><td>3,183</td><td>3,839</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><td>288</td><td>335</td></tr><tr><td>Nicaraguan</td><td>27</td><td>65</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>3</td><td>1</td><td>3</td><td>4</td></tr><tr><td>Norwegian</td><td>7,181</td><td>7,417</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>620</td><td>669</td><td>455</td><td>433</td></tr><tr><td>Panamanian</td><td>1,375</td><td>2,097</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>232</td><td>222</td><td>171</td><td>220</td></tr><tr><td>Swedish</td><td>1,299</td><td>1,454</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>99</td><td>100</td><td>51</td><td>87</td></tr><tr><td>Other flag</td><td>659</td><td>883</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>142</td><td>109</td><td>132</td></tr></table>
61
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Port from which Cleared
Number of Vessels
<table><tr><th>Calendar year</th><th colspan="12">1939</th><th colspan="5">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><th>Apr.</th><th>May</th></tr><tr><td>Baltimore</td><td>553</td><td>679</td><td>45</td><td>41</td><td>50</td><td>56</td><td>71</td><td>66</td><td>59</td><td>61</td><td>56</td><td>64</td><td>59</td><td>51</td><td>69</td><td>67</td><td>79</td><td>72</td><td>58</td></tr><tr><td>Boston</td><td>195</td><td>804</td><td>50</td><td>57</td><td>51</td><td>73</td><td>80</td><td>93</td><td>97</td><td>86</td><td>62</td><td>50</td><td>54</td><td>51</td><td>45</td><td>45</td><td>57</td><td>57</td><td>61</td></tr><tr><td>Miami</td><td>1,024</td><td>943</td><td>111</td><td>125</td><td>125</td><td>90</td><td>94</td><td>71</td><td>57</td><td>52</td><td>46</td><td>48</td><td>47</td><td>77</td><td>100</td><td>123</td><td>121</td><td>54</td><td>133</td></tr><tr><td>New York</td><td>3,844</td><td>3,929</td><td>285</td><td>282</td><td>342</td><td>328</td><td>325</td><td>363</td><td>354</td><td>366</td><td>323</td><td>301</td><td>333</td><td>327</td><td>319</td><td>311</td><td>339</td><td>296</td><td>314</td></tr><tr><td>Borfolk & Newport News</td><td>581</td><td>639</td><td>44</td><td>48</td><td>45</td><td>43</td><td>47</td><td>43</td><td>45</td><td>43</td><td>70</td><td>72</td><td>71</td><td>68</td><td>63</td><td>79</td><td>84</td><td>86</td><td>74</td></tr><tr><td>Philadelphia</td><td>453</td><td>564</td><td>28</td><td>40</td><td>40</td><td>41</td><td>51</td><td>51</td><td>52</td><td>60</td><td>52</td><td>51</td><td>48</td><td>50</td><td>46</td><td>64</td><td>67</td><td>57</td><td>52</td></tr><tr><td>Savannah</td><td>137</td><td>209</td><td>8</td><td>13</td><td>13</td><td>19</td><td>17</td><td>18</td><td>20</td><td>22</td><td>22</td><td>20</td><td>18</td><td>19</td><td>14</td><td>8</td><td>15</td><td>16</td><td>16</td></tr><tr><td>Corpus Christi</td><td>255</td><td>275</td><td>11</td><td>24</td><td>23</td><td>23</td><td>30</td><td>21</td><td>25</td><td>37</td><td>22</td><td>26</td><td>14</td><td>19</td><td>14</td><td>10</td><td>17</td><td>12</td><td>14</td></tr><tr><td>Galveston</td><td>624</td><td>469</td><td>47</td><td>33</td><td>41</td><td>30</td><td>53</td><td>41</td><td>31</td><td>34</td><td>47</td><td>51</td><td>29</td><td>32</td><td>26</td><td>35</td><td>27</td><td>36</td><td>39</td></tr><tr><td>Houston</td><td>546</td><td>542</td><td>35</td><td>44</td><td>40</td><td>44</td><td>54</td><td>56</td><td>51</td><td>43</td><td>50</td><td>46</td><td>38</td><td>41</td><td>37</td><td>41</td><td>32</td><td>23</td><td>27</td></tr><tr><td>Mobile</td><td>430</td><td>322</td><td>25</td><td>22</td><td>35</td><td>34</td><td>32</td><td>26</td><td>30</td><td>29</td><td>22</td><td>19</td><td>28</td><td>20</td><td>24</td><td>25</td><td>32</td><td>38</td><td>37</td></tr><tr><td>New Orleans</td><td>1,240</td><td>1,156</td><td>86</td><td>94</td><td>81</td><td>82</td><td>99</td><td>91</td><td>89</td><td>104</td><td>96</td><td>122</td><td>100</td><td>112</td><td>118</td><td>110</td><td>108</td><td>90</td><td>104</td></tr><tr><td>Port Arthur</td><td>403</td><td>309</td><td>28</td><td>26</td><td>32</td><td>22</td><td>33</td><td>23</td><td>26</td><td>32</td><td>21</td><td>19</td><td>18</td><td>29</td><td>20</td><td>12</td><td>24</td><td>21</td><td>21</td></tr><tr><td>Los Angeles</td><td>1,310</td><td>1,392</td><td>116</td><td>100</td><td>117</td><td>135</td><td>117</td><td>111</td><td>117</td><td>120</td><td>112</td><td>104</td><td>111</td><td>132</td><td>133</td><td>92</td><td>97</td><td>64</td><td>88</td></tr><tr><td>Port Angeles, Wash.</td><td>1,235</td><td>1,437</td><td>85</td><td>103</td><td>94</td><td>91</td><td>121</td><td>188</td><td>195</td><td>116</td><td>138</td><td>114</td><td>92</td><td>100</td><td>101</td><td>82</td><td>90</td><td>74</td><td>71</td></tr><tr><td>San Francisco</td><td>552</td><td>530</td><td>45</td><td>38</td><td>59</td><td>37</td><td>43</td><td>40</td><td>54</td><td>47</td><td>46</td><td>54</td><td>34</td><td>32</td><td>39</td><td>50</td><td>51</td><td>39</td><td>42</td></tr><tr><td>Seattle</td><td>1,743</td><td>1,682</td><td>132</td><td>108</td><td>126</td><td>133</td><td>152</td><td>129</td><td>184</td><td>164</td><td>149</td><td>136</td><td>129</td><td>120</td><td>132</td><td>118</td><td>119</td><td>128</td><td>138</td></tr><tr><td>Alabulm</td><td>242</td><td>236</td><td>1</td><td>-</td><td>-</td><td>3</td><td>4</td><td>27</td><td>39</td><td>35</td><td>38</td><td>36</td><td>45</td><td>8</td><td>-</td><td>-</td><td>-</td><td>22</td><td>65</td></tr><tr><td>Buffalo</td><td>346</td><td>455</td><td>-</td><td>-</td><td>-</td><td>16</td><td>63</td><td>54</td><td>46</td><td>59</td><td>73</td><td>49</td><td>17</td><td>18</td><td>-</td><td>-</td><td>-</td><td>6</td><td>36</td></tr><tr><td>Detroit</td><td>759</td><td>1,013</td><td>-</td><td>-</td><td>19</td><td>26</td><td>127</td><td>143</td><td>150</td><td>151</td><td>95</td><td>108</td><td>135</td><td>59</td><td>-</td><td>-</td><td>-</td><td>20</td><td>154</td></tr><tr><td>Booster</td><td>694</td><td>593</td><td>28</td><td>27</td><td>28</td><td>12</td><td>23</td><td>64</td><td>83</td><td>88</td><td>73</td><td>71</td><td>74</td><td>24</td><td>20</td><td>27</td><td>25</td><td>40</td><td>91</td></tr><tr><td>Toledo</td><td>483</td><td>642</td><td>-</td><td>-</td><td>-</td><td>13</td><td>37</td><td>80</td><td>90</td><td>91</td><td>84</td><td>111</td><td>117</td><td>19</td><td>-</td><td>-</td><td>-</td><td>74</td><td>163</td></tr><tr><td>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>1,869</td><td>2,037</td><td>2,135</td><td>3,055</td></tr></table>
Net Registered Tonnage (in Thousands of Tons)
<table><tr><th></th><th>Calendar year</th><th colspan="11">1939</th><th colspan="5">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><th>Apr.</th><th>May</th></tr><tr><td>Baltimore</td><td>1,442</td><td>1,880</td><td>134</td><td>124</td><td>143</td><td>154</td><td>187</td><td>170</td><td>155</td><td>169</td><td>144</td><td>192</td><td>164</td><td>144</td><td>208</td><td>201</td><td>232</td><td>219</td><td>166</td></tr><tr><td>Boston</td><td>2,795</td><td>2,530</td><td>184</td><td>216</td><td>195</td><td>253</td><td>281</td><td>305</td><td>312</td><td>276</td><td>173</td><td>137</td><td>121</td><td>116</td><td>109</td><td>138</td><td>181</td><td>126</td><td>120</td></tr><tr><td>Miami</td><td>871</td><td>886</td><td>125</td><td>155</td><td>152</td><td>63</td><td>43</td><td>43</td><td>41</td><td>35</td><td>53</td><td>47</td><td>39</td><td>91</td><td>132</td><td>128</td><td>130</td><td>80</td><td>51</td></tr><tr><td>New York</td><td>20,561</td><td>19,566</td><td>1,467</td><td>1,590</td><td>1,816</td><td>1,748</td><td>1,818</td><td>1,988</td><td>1,930</td><td>2,149</td><td>1,449</td><td>1,173</td><td>1,224</td><td>1,183</td><td>1,197</td><td>1,234</td><td>1,480</td><td>1,296</td><td>1,279</td></tr><tr><td>Borfolk &amp; Newport News</td><td>1,506</td><td>1,677</td><td>116</td><td>115</td><td>114</td><td>98</td><td>110</td><td>101</td><td>111</td><td>131</td><td>208</td><td>194</td><td>186</td><td>163</td><td>153</td><td>182</td><td>221</td><td>243</td><td>193</td></tr><tr><td>Philadelphia</td><td>1,277</td><td>1,580</td><td>83</td><td>123</td><td>114</td><td>116</td><td>122</td><td>131</td><td>153</td><td>165</td><td>154</td><td>135</td><td>140</td><td>143</td><td>149</td><td>189</td><td>203</td><td>166</td><td>149</td></tr><tr><td>Savannah</td><td>389</td><td>554</td><td>24</td><td>40</td><td>37</td><td>58</td><td>42</td><td>50</td><td>54</td><td>56</td><td>40</td><td>53</td><td>51</td><td>50</td><td>34</td><td>25</td><td>45</td><td>41</td><td>45</td></tr><tr><td>Corpus Christi</td><td>1,120</td><td>1,258</td><td>53</td><td>102</td><td>113</td><td>114</td><td>139</td><td>95</td><td>116</td><td>166</td><td>102</td><td>107</td><td>68</td><td>62</td><td>60</td><td>50</td><td>79</td><td>57</td><td>66</td></tr><tr><td>Galveston</td><td>1,716</td><td>1,354</td><td>146</td><td>88</td><td>117</td><td>95</td><td>170</td><td>107</td><td>86</td><td>88</td><td>127</td><td>126</td><td>100</td><td>103</td><td>106</td><td>99</td><td>80</td><td>96</td><td>115</td></tr><tr><td>Houston</td><td>2,288</td><td>2,230</td><td>141</td><td>175</td><td>172</td><td>186</td><td>224</td><td>244</td><td>209</td><td>185</td><td>203</td><td>196</td><td>142</td><td>155</td><td>130</td><td>143</td><td>110</td><td>89</td><td>118</td></tr><tr><td>Mobile</td><td>871</td><td>542</td><td>57</td><td>43</td><td>62</td><td>70</td><td>54</td><td>53</td><td>54</td><td>47</td><td>27</td><td>24</td><td>34</td><td>17</td><td>37</td><td>46</td><td>39</td><td>49</td><td>56</td></tr><tr><td>New Orleans</td><td>3,296</td><td>3,071</td><td>264</td><td>280</td><td>236</td><td>237</td><td>265</td><td>206</td><td>211</td><td>277</td><td>238</td><td>331</td><td>260</td><td>264</td><td>314</td><td>273</td><td>255</td><td>216</td><td>264</td></tr><tr><td>Port Arthur</td><td>1,587</td><td>1,316</td><td>110</td><td>114</td><td>139</td><td>95</td><td>149</td><td>95</td><td>114</td><td>143</td><td>91</td><td>81</td><td>63</td><td>122</td><td>76</td><td>57</td><td>106</td><td>78</td><td>90</td></tr><tr><td>Los Angeles</td><td>5,206</td><td>5,953</td><td>458</td><td>399</td><td>454</td><td>504</td><td>455</td><td>434</td><td>461</td><td>497</td><td>471</td><td>431</td><td>455</td><td>515</td><td>518</td><td>352</td><td>361</td><td>339</td><td>358</td></tr><tr><td>Port Angeles, Wash.</td><td>932</td><td>889</td><td>52</td><td>56</td><td>60</td><td>52</td><td>73</td><td>141</td><td>141</td><td>50</td><td>94</td><td>60</td><td>57</td><td>52</td><td>59</td><td>57</td><td>56</td><td>54</td><td>58</td></tr><tr><td>San Francisco</td><td>2,154</td><td>2,159</td><td>179</td><td>154</td><td>238</td><td>146</td><td>198</td><td>165</td><td>230</td><td>189</td><td>183</td><td>211</td><td>135</td><td>128</td><td>144</td><td>190</td><td>202</td><td>148</td><td>151</td></tr><tr><td>Seattle</td><td>3,270</td><td>3,198</td><td>278</td><td>212</td><td>234</td><td>254</td><td>280</td><td>242</td><td>363</td><td>343</td><td>284</td><td>230</td><td>232</td><td>245</td><td>244</td><td>201</td><td>206</td><td>221</td><td>239</td></tr><tr><td>Ashburn</td><td>691</td><td>601</td><td>-</td><td>-</td><td>-</td><td>7</td><td>6</td><td>84</td><td>96</td><td>81</td><td>83</td><td>98</td><td>132</td><td>15</td><td>-</td><td>-</td><td>-</td><td>72</td><td>174</td></tr><tr><td>Buffalo</td><td>545</td><td>985</td><td>-</td><td>-</td><td>-</td><td>42</td><td>121</td><td>104</td><td>78</td><td>96</td><td>180</td><td>106</td><td>218</td><td>40</td><td>-</td><td>-</td><td>-</td><td>9</td><td>68</td></tr><tr><td>Detroit</td><td>1,331</td><td>1,538</td><td>-</td><td>-</td><td>7</td><td>20</td><td>161</td><td>211</td><td>275</td><td>280</td><td>185</td><td>176</td><td>177</td><td>45</td><td>-</td><td>-</td><td>-</td><td>15</td><td>151</td></tr><tr><td>Rochester</td><td>1,803</td><td>1,407</td><td>95</td><td>91</td><td>95</td><td>39</td><td>53</td><td>131</td><td>168</td><td>182</td><td>161</td><td>161</td><td>154</td><td>78</td><td>65</td><td>87</td><td>51</td><td>97</td><td>161</td></tr><tr><td>Toledo</td><td>1,179</td><td>1,368</td><td>-</td><td>-</td><td>-</td><td>29</td><td>73</td><td>182</td><td>199</td><td>207</td><td>196</td><td>215</td><td>234</td><td>34</td><td>-</td><td>-</td><td>-</td><td>150</td><td>323</td></tr><tr><td>Total</td><td>71,286</td><td>70,306</td><td>4,671</td><td>4,740</td><td>5,424</td><td>5,218</td><td>6,251</td><td>6,604</td><td>7,168</td><td>7,284</td><td>6,304</td><td>5,976</td><td>6,071</td><td>4,536</td><td>4,362</td><td>4,279</td><td>4,638</td><td>4,767</td><td>5,843</td></tr></table>
* Includes other ports not listed.
62
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quote period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas to June 29, 1940</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>72,415</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 Apr. 1, 1940</td><td>Head</td><td>51,720</td><td>37,386</td></tr><tr><td>From other countries.</td><td>Quarter year from Apr. 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>3,490</td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>301</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>5,439,586</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>74,059,425</td></tr><tr><td>Other.</td><td>12 months from Sept. 15, 1939</td><td>Pound</td><td>60,000,000</td><td>35,651,703</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>12 months from Dec. 1, 1939</td><td>Unit</td><td>41,700</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>9,383,539</td></tr><tr><td>Molasses and sugar syrup, 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>673,058,056</td></tr><tr><td>From Netherlands and Netherlands Indies.</td><td>Calendar year</td><td>Gallon</td><td>527,691,192</td><td>356,157,833</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>173,898,873</td></
63
Summary of Criminal Cases in the United States District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal Revenue 1/ for the month of May 1940
<table><tr><th>Bureau</th><th>Cases pending first of month</th><th>New cases</th><th>Cases closed</th><th>Cases pending end of month</th><th>Net change in pending cases</th></tr><tr><td>Total</td><td>19,377</td><td>3,128</td><td>4,119</td><td>18,386</td><td>- 991</td></tr><tr><td>Alcohol Tax</td><td>15,489</td><td>2,361</td><td>3,178</td><td>14,672</td><td>- 817</td></tr><tr><td>Customs</td><td>255</td><td>42</td><td>70</td><td>227</td><td>- 28</td></tr><tr><td>Marrocios</td><td>2,312</td><td>380</td><td>543</td><td>2,149</td><td>- 163</td></tr><tr><td>Secret Service</td><td>875</td><td>332</td><td>300</td><td>907</td><td>+ 32</td></tr><tr><td>Internal Revenue</td><td>446</td><td>13</td><td>28</td><td>431</td><td>- 15</td></tr></table>
<table><tr><th rowspan="2">Bureau</th><th rowspan="2">Number cases closed</th><th rowspan="2">Number cases transferred 2/</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>Total......</td><td>4,119</td><td>196</td><td>123</td><td>8</td><td>64</td><td>264</td><td>94</td><td>69</td><td>74</td></tr><tr><td>Alcohol Tax.</td><td>3,178</td><td>116</td><td>114</td><td>8</td><td>64</td><td>283</td><td>94</td><td>63</td><td>73</td></tr><tr><td>Customs 3/.</td><td>70</td><td>2</td><td>66</td><td>28</td><td>74</td><td>414</td><td>74</td><td>52</td><td>99</td></tr><tr><td>Recreation 1/ Secret</td><td>543</td><td>55</td><td>44</td><td>9</td><td>24</td><td>154</td><td>124</td><td>73</td><td>89</td></tr><tr><td>Service 4/ Internal</td><td>300</td><td>23</td><td>17</td><td>5</td><td>64</td><td>181</td><td>44</td><td>76</td><td>82</td></tr><tr><td>Revenue...</td><td>28</td><td>-</td><td>18</td><td>4</td><td>21</td><td>43</td><td>-</td><td>57</td><td>57</td></tr></table>
<table><tr><th>Percent</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prosecuted</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>Total</td><td>2,808</td><td>61%</td><td>38%</td><td>25%</td><td>355</td><td>584</td><td>412,577</td></tr><tr><td>Alcohol</td><td>2,200</td><td>59%</td><td>36%</td><td>27%</td><td>280</td><td>523</td><td>307,695</td></tr><tr><td>Tax</td><td>40</td><td>55%</td><td>55%</td><td>10%</td><td>211</td><td>592</td><td>2,367</td></tr><tr><td>Customs</td><td>329</td><td>71%</td><td>45%</td><td>11%</td><td>620</td><td>224</td><td>8,070</td></tr><tr><td> Narcotics</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Secret</td><td>223</td><td>67%</td><td>43%</td><td>30%</td><td>602</td><td>221</td><td>14,613</td></tr><tr><td>Service</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Internal Revenue</td><td>16</td><td>51%</td><td>69%</td><td>79%</td><td>693</td><td>6,656</td><td>79,870</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 luniacy 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
<table><tr><th colspan="6">INVENTORY OF CASES</th></tr><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-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><tr><td>Apr..</td><td>20,044</td><td>3,158</td><td>3,625</td><td>19,377</td><td>- 667</td></tr><tr><td>May..</td><td>19,377</td><td>3,128</td><td>4,119</td><td>18,386</td><td>- 991</td></tr></table>
<table><tr><th rowspan="2">Date</th><th rowspan="2">Number cases closed</th><th rowspan="2">Number cases transferred 3/</th><th colspan="4">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th>Before indictment</th><th>After indictment</th><th>Acquittal</th><th>Total</th><th>Found guilty</th><th>Plead guilty</th><th>Total</th></tr><tr><td>1939-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>69%</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>4%</td><td>29%</td><td>6%</td><td>65%</td><td>71%</td></tr><tr><td>Apr.</td><td>3,825</td><td>189</td><td>20%</td><td>9%</td><td>3%</td><td>32%</td><td>7%</td><td>59%</td><td>66%</td></tr><tr><td>May.</td><td>4,119</td><td>196</td><td>12%</td><td>8%</td><td>6%</td><td>26%</td><td>9%</td><td>63%</td><td>71%</td></tr></table>
<table><tr><th>Date</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent probated</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>1939-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>55%</td><td>42%</td><td>25%</td><td>470</td><td>333</td><td>111,603</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><tr><td>Apr.</td><td>2,320</td><td>55%</td><td>40%</td><td>26%</td><td>425</td><td>396</td><td>238,686</td></tr><tr><td>May.</td><td>2,808</td><td>61%</td><td>38%</td><td>25%</td><td>355</td><td>584</td><td>412,577</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/ Narcotics and customs cases in which no arrests were made and secret service cases disposed of by lymacy 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/ Alcohol tax figures based on cases in which a suspended or probationary sentence only was imposed.
U.S. TREASURY LIBRARY
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