Treas. HJ 10. 2 c.2
LIBRARY ROOM 5030
JUN 2 1 1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
AUGUST 1940
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
BULLETIN
OF THE
TREASURY DEPARTMENT
AUGUST 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
Receipts and Expenditures
<table><tr><td>Fiscal Years 1935-40</td><td>2</td></tr><tr><td>Expenditures by Classes, Receipts by Sources</td><td>3-11</td></tr><tr><td>Social Insurance Accounts</td><td>12-13</td></tr><tr><td>Cash Income and Outgo</td><td>14</td></tr><tr><td colspan="2">General Fund and Public Debt</td></tr><tr><td>Composition of the General Fund</td><td>17</td></tr><tr><td>Treasury Financing Operations</td><td>18</td></tr><tr><td>Holdings of U. S. Government Obligations</td><td>19</td></tr><tr><td>Net Market Transactions of Treasury Investment Accounts</td><td>19</td></tr><tr><td>Composition of the Public Debt</td><td>19</td></tr><tr><td>Maturity Schedule of U. S. Government Debt</td><td>21-22</td></tr><tr><td>Computed Interest and Yields on Public Debt Issues</td><td>23</td></tr></table>
Government Corporations and Credit Agencies
<table><tr><td>Assets, Liabilities and Proprietary Interest</td><td>27</td></tr><tr><td>Sources and Uses of Funds</td><td>28-31</td></tr><tr><td>Issues Outstanding</td><td>32</td></tr><tr><td>Financing Operations</td><td>32</td></tr><tr><td>Maturity Schedule of Securities Guaranteed by the U. S.</td><td>33</td></tr><tr><td colspan="2">International Capital Movements</td></tr><tr><td>Summary Table, 1935-39</td><td>35</td></tr><tr><td>Short-Term Foreign Assets and Liabilities</td><td>37-40</td></tr><tr><td>Security Transactions and Brokerage Balances</td><td>41-43</td></tr><tr><td>Transactions in U. S. Domestic Securities</td><td>44</td></tr><tr><td>Foreign Exchange Transactions</td><td>46-47</td></tr><tr><td colspan="2">Other Monetary Data</td></tr><tr><td>Gold and Silver</td><td>49-52</td></tr><tr><td>Foreign Exchange</td><td>53</td></tr><tr><td colspan="2">Miscellaneous</td></tr><tr><td>Vessels Cleared from the United States</td><td>55-56</td></tr><tr><td>Commodities Imported Under Quota</td><td>57</td></tr><tr><td>Law Enforcement Statistics</td><td>58</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
-1-
2
Summary Table on Receipts, Expenditures and Public Debt
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th rowspan="2"></th><th colspan="6">Receipts and Expenditures</th><th rowspan="2"></th><th colspan="6">Public Debt</th></tr><tr><th colspan="6">First month, fiscal years 1936-41</th><th colspan="4">Outstanding on July 31 of fiscal year-</th><th rowspan="2">Change '40-'41</th></tr><tr><th></th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Change '40-'41</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th></tr><tr><td>Receipts......</td><td>279</td><td>294</td><td>367</td><td>273</td><td>265</td><td>331</td><td>+66</td><td>Market issues, etc.</td><td>28,350</td><td>32,802</td><td>35,017</td><td>34,381</td><td>36,743</td><td>38,918</td><td>+2,175</td></tr><tr><td>Expenditures..</td><td>561</td><td>656</td><td>635</td><td>724</td><td>764</td><td>818</td><td>+54</td><td>Special issues....</td><td>770</td><td>642</td><td>1,699</td><td>2,810</td><td>3,918</td><td>4,853</td><td>+ 935</td></tr><tr><td>Deficit.....</td><td>282</td><td>362</td><td>268</td><td>451</td><td>499</td><td>487</td><td>-12</td><td>Gross debt......</td><td>29,120</td><td>33,444</td><td>36,716</td><td>37,191</td><td>40,661</td><td>43,771</td><td>+3,110</td></tr></table>
Receipts and Expenditures
First Month, Fiscal Years 1936 to 1941
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Change '40-'41</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax.....</td><td>23</td><td>39</td><td>57</td><td>47</td><td>42</td><td>50</td><td>+ 8</td></tr><tr><td>Miscellaneous Internal Revenue......</td><td>165</td><td>201</td><td>221</td><td>185</td><td>187</td><td>237</td><td>+50</td></tr><tr><td>Taxes under Social Security Act...</td><td>-</td><td>-</td><td>53</td><td>31</td><td>35</td><td>39</td><td>+ 4</td></tr><tr><td>Taxes upon carriers and their employees....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Customs......</td><td>30</td><td>32</td><td>41</td><td>23</td><td>26</td><td>25</td><td>- 1</td></tr><tr><td>Other......</td><td>61</td><td>22</td><td>37</td><td>25</td><td>17</td><td>15</td><td>- 2</td></tr><tr><td>Total Receipts.</td><td>279</td><td>294</td><td>409</td><td>311</td><td>308</td><td>367</td><td>+59</td></tr><tr><td>Less amounts transferred to Old-age Reserve Account 1/....</td><td>-</td><td>-</td><td>42</td><td>38</td><td>43</td><td>36</td><td>- 7</td></tr><tr><td>Net Receipts.....</td><td>279</td><td>294</td><td>367</td><td>273</td><td>265</td><td>331</td><td>+66</td></tr><tr><td>Expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm..</td><td>209</td><td>159</td><td>133</td><td>144</td><td>155</td><td>223</td><td>+68</td></tr><tr><td>Social Security and E. R. Retirement Acts.</td><td>-</td><td>12</td><td>40</td><td>62</td><td>65</td><td>85</td><td>+20</td></tr><tr><td>Agricultural Adjustment Program.....</td><td>32</td><td>38</td><td>24</td><td>53</td><td>55</td><td>54</td><td>- 1</td></tr><tr><td>Interest on the public debt...</td><td>8</td><td>10</td><td>12</td><td>13</td><td>15</td><td>20</td><td>+ 5</td></tr><tr><td>Public Works....</td><td>56</td><td>91</td><td>79</td><td>61</td><td>72</td><td>67</td><td>- 5</td></tr><tr><td>Unemployment relief.....</td><td>115</td><td>209</td><td>178</td><td>210</td><td>186</td><td>141</td><td>-45</td></tr><tr><td>Loans and stock sub-scriptions....</td><td>34</td><td>16</td><td>12</td><td>12</td><td>16</td><td>9</td><td>- 7</td></tr><tr><td>Other......</td><td>107</td><td>121</td><td>157</td><td>169</td><td>200</td><td>219</td><td>+19</td></tr><tr><td>Total Expendi-tures.....</td><td>561</td><td>656</td><td>635</td><td>724</td><td>764</td><td>818</td><td>+54</td></tr><tr><td>Excess of Expenditures....</td><td>282</td><td>362</td><td>268</td><td>451</td><td>499</td><td>487</td><td>-12</td></tr></table>
Fiscal Years 1939, 1940 and 1941
(In millions of dollars - on the basis of Budget Estimates and daily Treasury statements, unrevised)
<table><tr><th></th><th>Actual 1939</th><th>Actual 1940</th><th>Estimated 1941 1/</th><th>Actual July 1941</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td></tr><tr><td>Income Tax</td><td>2,189</td><td>2,125</td><td>2,923</td><td>50</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>2,232</td><td>2,345</td><td>2,781</td><td>237</td></tr><tr><td>Taxes under Social Security Act</td><td>631</td><td>712</td><td>609</td><td>39</td></tr><tr><td>Taxes upon carriers and their employees</td><td>109</td><td>121</td><td>135</td><td>1</td></tr><tr><td>Customs</td><td>319</td><td>349</td><td>300</td><td>25</td></tr><tr><td>Other</td><td>188</td><td>273</td><td>228</td><td>15</td></tr><tr><td>Total Receipts</td><td>5,668</td><td>5,925</td><td>6,976</td><td>367</td></tr><tr><td>Less amounts transferred to Old-age Reserve Account 1/</td><td>503</td><td>539</td><td>609</td><td>36</td></tr><tr><td>Net Receipts</td><td>5,165</td><td>5,386</td><td>6,367</td><td>331</td></tr><tr><td>Expenditures:</td><td></td><td></td><td></td><td></td></tr><tr><td>National defense and Veterans Adm</td><td>1,720</td><td>2,116</td><td>5,565</td><td>223</td></tr><tr><td>Social Security and R. R. Retirement Acts</td><td>451</td><td>510</td><td>547</td><td>85</td></tr><tr><td>Agricultural Adjustment Program</td><td>782</td><td>1,017</td><td>950</td><td>54</td></tr><tr><td>Interest on the public debt</td><td>940</td><td>1,041</td><td>1,100</td><td>20</td></tr><tr><td>Public Works</td><td>948</td><td>869</td><td>700</td><td>67</td></tr><tr><td>Unemployment relief</td><td>2,595</td><td>1,919</td><td>1,695</td><td>141</td></tr><tr><td>Loans and stock subscriptions</td><td>212</td><td>241</td><td>140</td><td>9</td></tr><tr><td>Other</td><td>1,059</td><td>1,285</td><td>1,361</td><td>219</td></tr><tr><td>Total Expenditures</td><td>8,707</td><td>8,998</td><td>12,058</td><td>818</td></tr><tr><td>Net deficit</td><td>3,542</td><td>3,612</td><td>5,691</td><td>487</td></tr><tr><td>Financing of deficit:</td><td></td><td></td><td></td><td></td></tr><tr><td>Return of surplus funds from Government corporations</td><td>-</td><td>-</td><td>700</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>2,180</td><td>1,523</td><td>3,888</td><td>725</td></tr><tr><td>Special issues</td><td>1,094</td><td>1,005</td><td>1,103</td><td>78</td></tr><tr><td>Total debt increase</td><td>3,274</td><td>2,528</td><td>4,991</td><td>803</td></tr><tr><td>Net increase in working balance, general and special accounts (deduct)</td><td>268 2/</td><td>1,084 2/</td><td>-</td><td>316</td></tr><tr><td></td><td>3,542</td><td>3,612</td><td>5,691</td><td>487</td></tr></table>
1/ Subsequent to January 1, 1940 figures represent amounts transferred or directly appropriated to Federal Old-age and Survivors Insurance Trust Fund. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
2/ Decrease in balance. add.
3/ Revised Estimates of the Bureau of the Budget and the Treasury Department for 1941, submitted by the Secretary of the Treasury to the House Ways and Means Committee, August 9, 1940.
RECONCILIATION, DEFICIT AND DEBT INCREASE. FIRST MONTH, FISCAL YEAR 1941
<table><tr><td>increase in debt:</td><td></td><td></td></tr><tr><td>New issues (less redemptions)</td><td>803</td><td></td></tr><tr><td>Accounted for:</td><td></td><td></td></tr><tr><td>Deficit</td><td></td><td></td></tr><tr><td>Increase, cash balance</td><td>367</td><td></td></tr><tr><td>Trust fund net receipts</td><td>51</td><td></td></tr></table>
803
Budget 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 1/</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>239</td><td>230</td><td>966</td><td>318</td><td>290</td><td>828</td><td>367</td><td>412</td><td>747</td><td>292</td><td>266</td><td>823</td><td>5,798</td></tr><tr><td>1938</td><td>294</td><td>308</td><td>917</td><td>262</td><td>373</td><td>774</td><td>273</td><td>449</td><td>678</td><td>300</td><td>350</td><td>672</td><td>5,650</td></tr><tr><td>1939</td><td>271</td><td>367</td><td>687</td><td>213</td><td>347</td><td>557</td><td>285</td><td>372</td><td>676</td><td>278</td><td>364</td><td>521</td><td>4,918</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>799</td><td>304</td><td>400</td><td>648</td><td>331</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Expenditures 1/</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>584</td><td>805</td><td>535</td><td>637</td><td>7,451</td></tr><tr><td>1936</td><td>538</td><td>439</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>661</td><td>569</td><td>728</td><td>9,364</td></tr><tr><td>1937</td><td>543</td><td>568</td><td>770</td><td>712</td><td>519</td><td>1,255</td><td>635</td><td>517</td><td>661</td><td>571</td><td>458</td><td>637</td><td>7,846</td></tr><tr><td>1938</td><td>493</td><td>487</td><td>709</td><td>632</td><td>567</td><td>937</td><td>725</td><td>645</td><td>732</td><td>739</td><td>646</td><td>838</td><td>8,150</td></tr><tr><td>1939</td><td>656</td><td>612</td><td>829</td><td>731</td><td>695</td><td>917</td><td>794</td><td>774</td><td>750</td><td>721</td><td>648</td><td>841</td><td>8,938</td></tr><tr><td>1940</td><td>713</td><td>668</td><td>871</td><td>792</td><td>649</td><td>934</td><td>830</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Excess of expenditures</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935</td><td>285</td><td>317</td><td>-27</td><td>557</td><td>350</td><td>395</td><td>337</td><td>139</td><td>167</td><td>570</td><td>301</td><td>203</td><td>3,594</td></tr><tr><td>1936</td><td>310</td><td>271</td><td>-108</td><td>417</td><td>437</td><td>1,909</td><td>367</td><td>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>285</td><td>499</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Note: Negative figures denote excess of receipts. 1/ Net appropriations or transfers to the Old-Age Reserve Account or to the Federal Old-Age and Survivors' Insurance Trust Fund prior to July 1, 1940, are excluded from both receipts and expenditures. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
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="4">Receipts 2/</th><th colspan="5">Expenditures</th><th rowspan="2">Excess of receipts (+) or expenditures (-)</th></tr><tr><th>Total</th><th colspan="3">Internal revenue</th><th>Customs</th><th>Miscellaneous receipts</th><th>Total</th><th>General (including recovery and relief)</th><th>Revolving funds (net)</th><th>Transfers to trust accounts. etc.</th><th>Debt retirement</th></tr><tr><th></th><th></th><th>Total</th><th>Income tax</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>746</td><td>858</td><td>251</td><td>225</td><td>4,325</td><td>3,668</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>1,823</td><td>313</td><td>162</td><td>6,371</td><td>5,444</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>2,179</td><td>343</td><td>179</td><td>7,583</td><td>6,594</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>2,086</td><td>387</td><td>216</td><td>9,069</td><td>6,840</td><td>11</td><td>1,814</td><td>403</td><td>-1,953</td></tr><tr><td>1937</td><td>5,029</td><td>4,333</td><td>2,163</td><td>2,170</td><td>486</td><td>210</td><td>8,281</td><td>7,370</td><td>204</td><td>603</td><td>104</td><td>-3,252</td></tr><tr><td>1938</td><td>5,855</td><td>5,288</td><td>2,640</td><td>2,648</td><td>359</td><td>208</td><td>7,304</td><td>6,898</td><td>121</td><td>220</td><td>65</td><td>-1,449</td></tr><tr><td>1939</td><td>5,165</td><td>4,658</td><td>2,189</td><td>2,469</td><td>319</td><td>188</td><td>8,765</td><td>8,432</td><td>92</td><td>182</td><td>58</td><td>-3,600</td></tr><tr><td>1940</td><td>5,386</td><td>4,764</td><td>2,125</td><td>2,639</td><td>349</td><td>273</td><td>9,127</td><td>8,736</td><td>54</td><td>206</td><td>129</td><td>-3,741</td></tr><tr><td>1939-July</td><td>265</td><td>222</td><td>42</td><td>180</td><td>26</td><td>17</td><td>764</td><td>639</td><td>1</td><td>124</td><td>-</td><td>-1499</td></tr><tr><td>Aug.</td><td>372</td><td>326</td><td>37</td><td>289</td><td>27</td><td>19</td><td>774</td><td>745</td><td>11</td><td>18</td><td>-</td><td>-402</td></tr><tr><td>Sept.</td><td>676</td><td>624</td><td>323</td><td>296</td><td>36</td><td>16</td><td>750</td><td>729</td><td>5</td><td>7</td><td>9</td><td>-74</td></tr><tr><td>Oct.</td><td>278</td><td>229</td><td>37</td><td>192</td><td>32</td><td>17</td><td>721</td><td>702</td><td>9</td><td>10</td><td>1</td><td>-443</td></tr><tr><td>Nov.</td><td>304</td><td>312</td><td>34</td><td>278</td><td>29</td><td>23</td><td>648</td><td>633</td><td>5</td><td>10</td><td>-</td><td>-284</td></tr><tr><td>Dec.</td><td>521</td><td>470</td><td>318</td><td>152</td><td>28</td><td>23</td><td>841</td><td>823</td><td>(1) 3/</td><td>10</td><td>9</td><td>-320</td></tr><tr><td>1940-Jan.</td><td>715</td><td>258</td><td>45</td><td>213</td><td>36</td><td>21</td><td>711</td><td>713</td><td>4</td><td>(5) 3/</td><td>1</td><td>-198</td></tr><tr><td>Feb.</td><td>444</td><td>395</td><td>63</td><td>332</td><td>26</td><td>23</td><td>668</td><td>654</td><td>4</td><td>10</td><td>-</td><td>-224</td></tr><tr><td>Mar.</td><td>799</td><td>751</td><td>665</td><td>86</td><td>29</td><td>19</td><td>871</td><td>816</td><td>6</td><td>-</td><td>50</td><td>-72</td></tr><tr><td>Apr.</td><td>304</td><td>261</td><td>48</td><td>214</td><td>27</td><td>16</td><td>792</td><td>757</td><td>6</td><td>20</td><td>9</td><td>-188</td></tr><tr><td>May</td><td>400</td><td>357</td><td>40</td><td>316</td><td>26</td><td>17</td><td>649</td><td>642</td><td>1</td><td>4</td><td>2</td><td>-249</td></tr><tr><td>June</td><td>648</td><td>559</td><td>464</td><td>95</td><td>28</td><td>61</td><td>934</td><td>883</td><td>3</td><td>-</td><td>47</td><td>-286</td></tr><tr><td>July</td><td>371</td><td>290</td><td>50</td><td>240</td><td>25</td><td>16</td><td>830</td><td>700</td><td>5</td><td>114</td><td>12</td><td>499</td></tr></table>
1/ Figures are rounded to nearest million and will not necessarily add to totals.
2/ Net appropriations or transfers to the Old-age Reserve Account or to the Federal Old-age and Survivors Insurance Trust Fund prior to July 1, 1940 are subtracted from receipts. See footnote to preceding table.
3/ Indicates excess of credits, deduct.
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1935 to Date
5
Expenditures - General (Including Recovery and Relief)
(In millions of dollars - on basis of daily Treasury statement, unrevised) 1)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Departmental</th><th>National defense</th><th>Veterans' Administration</th><th>YERA and CWA</th><th>KPA 2/</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>3,668</td><td>599</td><td>668</td><td>763</td><td>38</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>689</td><td>600</td></tr><tr><td>1934</td><td>5,444</td><td>387</td><td>540</td><td>507</td><td>1,512</td><td>-</td><td>543</td><td>289</td><td>332</td><td>-</td><td>757</td><td>577</td></tr><tr><td>1935</td><td>6,594</td><td>516</td><td>710</td><td>557</td><td>1,832</td><td>-</td><td>662</td><td>712</td><td>436</td><td>-</td><td>821</td><td>348</td></tr><tr><td>1936</td><td>6,840</td><td>586</td><td>911</td><td>578</td><td>496</td><td>1,264</td><td>647</td><td>533</td><td>486</td><td>29</td><td>749</td><td>561</td></tr><tr><td>1937</td><td>7,370</td><td>718</td><td>935</td><td>580</td><td>13</td><td>1,896</td><td>767</td><td>527</td><td>385</td><td>184</td><td>866</td><td>499</td></tr><tr><td>1938</td><td>6,898</td><td>632</td><td>1,028</td><td>582</td><td>5</td><td>1,472</td><td>664</td><td>362</td><td>326</td><td>335</td><td>926</td><td>566</td></tr><tr><td>1939</td><td>8,432</td><td>721</td><td>1,163</td><td>557</td><td>1</td><td>2,240</td><td>928</td><td>787</td><td>290</td><td>345</td><td>941</td><td>459</td></tr><tr><td>1940</td><td>8,736</td><td>810</td><td>1,559</td><td>557</td><td>-</td><td>1,478</td><td>1,021</td><td>1,020</td><td>283</td><td>389</td><td>1,041</td><td>578</td></tr><tr><td>1939-July</td><td>639</td><td>75</td><td>109</td><td>46</td><td>-</td><td>149</td><td>87</td><td>55</td><td>26</td><td>44</td><td>15</td><td>33</td></tr><tr><td>Aug.</td><td>745</td><td>62</td><td>114</td><td>47</td><td>-</td><td>134</td><td>93</td><td>45</td><td>28</td><td>36</td><td>18</td><td>168</td></tr><tr><td>Sept.</td><td>729</td><td>68</td><td>108</td><td>46</td><td>-</td><td>106</td><td>94</td><td>68</td><td>24</td><td>20</td><td>151</td><td>44</td></tr><tr><td>Oct.</td><td>702</td><td>74</td><td>115</td><td>46</td><td>-</td><td>113</td><td>100</td><td>97</td><td>24</td><td>45</td><td>68</td><td>20</td></tr><tr><td>Nov.</td><td>633</td><td>63</td><td>118</td><td>46</td><td>-</td><td>112</td><td>95</td><td>117</td><td>23</td><td>25</td><td>12</td><td>22</td></tr><tr><td>Dec.</td><td>623</td><td>64</td><td>125</td><td>46</td><td>-</td><td>124</td><td>97</td><td>102</td><td>23</td><td>21</td><td>190</td><td>31</td></tr><tr><td>1940-Jan.</td><td>713</td><td>70</td><td>132</td><td>47</td><td>-</td><td>119</td><td>84</td><td>119</td><td>23</td><td>42</td><td>38</td><td>39</td></tr><tr><td>Feb.</td><td>654</td><td>64</td><td>129</td><td>46</td><td>-</td><td>113</td><td>68</td><td>128</td><td>22</td><td>38</td><td>19</td><td>27</td></tr><tr><td>Mar.</td><td>816</td><td>65</td><td>143</td><td>47</td><td>-</td><td>134</td><td>74</td><td>105</td><td>24</td><td>28</td><td>146</td><td>50</td></tr><tr><td>Apr.</td><td>757</td><td>70</td><td>159</td><td>47</td><td>-</td><td>133</td><td>76</td><td>78</td><td>22</td><td>48</td><td>69</td><td>55</td></tr><tr><td>May</td><td>642</td><td>68</td><td>154</td><td>47</td><td>-</td><td>128</td><td>74</td><td>62</td><td>22</td><td>30</td><td>10</td><td>47</td></tr><tr><td>June.</td><td>883</td><td>67</td><td>153</td><td>46</td><td>-</td><td>113</td><td>79</td><td>44</td><td>22</td><td>12</td><td>305</td><td>42</td></tr><tr><td>July.</td><td>700</td><td>84</td><td>177</td><td>46</td><td>-</td><td>110</td><td>72</td><td>54</td><td>24</td><td>65</td><td>20</td><td>48</td></tr></table>
1/ Figures are rounded to nearest million and will not necessarily add to totals.
2/ Prior to fiscal year 1940, figures include National Youth Administration expenditures.
3/ Includes public buildings, public highways, rivers and harbors, Tennessee Valley Authority, Rural Electrification and Reclamation projects, and Public Works Administration.
Expenditures - Revolving Funds (Net), and Transfers to Trust Accounts, etc.
(In millions of dollars - on basis of daily Treasury statement, unrevised)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Revolving funds (net)</th><th colspan="5">Transfers to trust accounts, etc.</th></tr><tr><th>Total</th><th>Agricultural Aid</th><th>Public Works</th><th>Total</th><th>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>100</td><td>-</td><td>21</td></tr><tr><td>1934</td><td>496</td><td>316</td><td>150</td><td>71</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>50</td><td>-</td><td>21</td></tr><tr><td>1936</td><td>11</td><td>(33) 3/</td><td>44</td><td>1,814</td><td>-</td><td>1,773</td><td>-</td><td>41</td></tr><tr><td>1937</td><td>204</td><td>(18) 3/</td><td>222</td><td>603</td><td>-</td><td>556</td><td>-</td><td>47</td></tr><tr><td>1938</td><td>121</td><td>(13) 3/</td><td>134</td><td>220</td><td>117</td><td>-</td><td>-</td><td>73</td></tr><tr><td>1939</td><td>92</td><td>(8) 3/</td><td>101</td><td>182</td><td>107</td><td>-</td><td>-</td><td>75</td></tr><tr><td>1940</td><td>8</td><td>(*) 3/</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939-July</td><td>1</td><td>*</td><td>1</td><td>124</td><td>22</td><td>-</td><td>15</td><td>87</td></tr><tr><td>Aug.</td><td>11</td><td>(1) 3/</td><td>11</td><td>18</td><td>18</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept.</td><td>5</td><td>(1) 3/</td><td>6</td><td>7</td><td>7</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct.</td><td>9</td><td>(1) 3/</td><td>10</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nov.</td><td>5</td><td>(1) 3/</td><td>6</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec.</td><td>(1)</td><td>(1) 3/</td><td>*</td><td>10</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) 3/</td><td>10</td><td>-</td><td>(15) 3/</td><td>-</td></tr><tr><td>Feb.</td><td>4</td><td>*</td><td>4</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>6</td><td>*</td><td>6</td><td>-</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>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></tr><tr><td>June.</td><td>3</td><td>*</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July.</td><td>5</td><td>*</td><td>5</td><td>114</td><td>20</td><td>-</td><td>-</td><td>94</td></tr></table>
Less than $500,000.
1/ Net appropriations or transfers to the Old-age Reserve Account or to the Federal Old-age and Survivors Insurance Trust Fund prior to July 1, 1940 are excluded from both receipts and expenditures. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
2/ Figures are rounded to nearest million and will not necessarily add to totals.
1/ Indicates excess credit, deduct.
6
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
<table><tr><th>Sources of Revenue</th><th colspan="2">July</th><th>Source of Revenue</th><th colspan="2">July</th></tr><tr><th></th><th>1940</th><th>1939</th><th></th><th>1940</th><th>1939</th></tr><tr><td>Income taxes:</td><td></td><td></td><td>Miscellaneous internal revenue - continued</td><td></td><td></td></tr><tr><td>Corporation</td><td>20,750</td><td>13,929</td><td>Mannufacturers' excise taxes:</td><td></td><td></td></tr><tr><td>Current</td><td>11,367</td><td>17,983</td><td>Lubricating oil</td><td>2,272</td><td>2,798</td></tr><tr><td>Back</td><td></td><td></td><td>Gasoline</td><td>17,596</td><td>20,381</td></tr><tr><td>Individual</td><td>4,583</td><td>4,366</td><td>Tires and inner tubes</td><td>3,589</td><td>2,829</td></tr><tr><td>Current</td><td>8,250</td><td>6,952</td><td>Automobile trucks</td><td>746</td><td>750</td></tr><tr><td>Back</td><td>792</td><td>469</td><td>Other automobiles and motorcycles</td><td>4,685</td><td>5,758</td></tr><tr><td>Excess-profit</td><td></td><td></td><td>Parts or accessories for automobiles</td><td>713</td><td>882</td></tr><tr><td>Total income taxes</td><td>45,742</td><td>43,599</td><td>Electrical energy</td><td>2,661</td><td>3,388</td></tr><tr><td>Taxes on unjust enrichment</td><td>820</td><td>527</td><td>Radio sets, etc. (including tax on photograph records repealed as of 7/1/38)</td><td>398</td><td>292</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td>Mechanical refrigerators</td><td>839</td><td>1,540</td></tr><tr><td>Capital stock tax</td><td>55,614</td><td>1,937</td><td>Firearms, shells, and cartridges</td><td>775</td><td>392</td></tr><tr><td>Estate tax</td><td>22,764</td><td>24,494</td><td>Pistols and revolvers</td><td>5</td><td>1</td></tr><tr><td>Gift tax</td><td>815</td><td>273</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>383</td><td>693</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td>Matches (including repealed taxes)</td><td>1/</td><td>1/</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>2,325</td><td>1,481</td><td>Brewers' wort and malt (repealed as of 7/1/38)</td><td>-</td><td>3</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>28,816</td><td>16,595</td><td>Articles made of fur (repealed as of 7/1/38)</td><td>3</td><td>18</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,053</td><td>630</td><td>Sporting goods (repealed as of 7/1/38)</td><td>3</td><td>12</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>31</td><td>25</td><td>Cameras and lenses (repealed as of 7/1/38)</td><td>-</td><td>1/</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>526</td><td>369</td><td>Chewing gum (repealed as of 7/1/38)</td><td>1/</td><td>1</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>514</td><td>430</td><td>Total manufacturers' excise taxes</td><td>34,668</td><td>40,038</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>3,473</td><td>2,619</td><td>Miscellaneous taxes:</td><td></td><td></td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>1/</td><td>1/</td><td>Bituminous Coal Act of 1937</td><td>275</td><td>231</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>81</td><td>72</td><td>Sugar Act of 1937</td><td>4,494</td><td>4,880</td></tr><tr><td>Container stamps</td><td>745</td><td>666</td><td>Telephone, telegraph, radio and cable facilities, leased wires, etc.</td><td>2,031</td><td>2,246</td></tr><tr><td>Floor taxes</td><td>3,342</td><td>2</td><td>Transportation of oil by pipe lines</td><td>1,691</td><td>942</td></tr><tr><td>Fermented malt liquors</td><td>32,275</td><td>27,329</td><td>Leases of safe-deposit boxes</td><td>176</td><td>181</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>1,778</td><td>1,437</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>1,650</td><td>1,534</td></tr><tr><td>Total alcoholic beverage taxes</td><td>74,959</td><td>51,655</td><td>Club dues and initiation fees</td><td>455</td><td>465</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td>Adulterated and processed or renovated butter, mixed flour and filled cheese</td><td>4</td><td>3</td></tr><tr><td>Cigars (large)</td><td>1,102</td><td>1,038</td><td>Cleomargarine, including special taxes</td><td>693</td><td>688</td></tr><tr><td>Cigars (small)</td><td>10</td><td>9</td><td>Narcotics, including marijuana and special taxes</td><td>154</td><td>133</td></tr><tr><td>Cigarettes (large)</td><td>1</td><td>2</td><td>Coconut and other vegetable oils processed</td><td>1,453</td><td>2,174</td></tr><tr><td>Cigarettes (small)</td><td>51,716</td><td>42,780</td><td>National Firearms Act</td><td>1</td><td>2</td></tr><tr><td>Snuff</td><td>556</td><td>463</td><td>All other, including repealed taxes not listed above</td><td>4</td><td>4</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,724</td><td>4,262</td><td>Total miscellaneous taxes</td><td>13,091</td><td>13,483</td></tr><tr><td>Cigarette papers and tubes</td><td>166</td><td>75</td><td>Total miscellaneous internal revenue</td><td>263,982</td><td>183,111</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>1/</td><td>1/</td><td>Payroll taxes:</td><td></td><td></td></tr><tr><td>Cigarette floor taxes</td><td>1,050</td><td>-</td><td>Social Security taxes</td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>59,325</td><td>48,629</td><td>(Social Security Act):</td><td></td><td></td></tr><tr><td>Documentary, etc., stamp taxes:</td><td></td><td></td><td>Taxes with respect to employment (Federal Insurance Contributions Act) 2/</td><td>68,226</td><td>66,141</td></tr><tr><td>Boards of indebtedness, issues of capital stock, deeds of conveyance, etc.</td><td>1,794</td><td>1,557</td><td>Tax on employers of 8 or more (Federal Unemployment Tax Act) 3/</td><td>4,548</td><td>5,098</td></tr><tr><td>Capital stock and similar interest sales or transfers</td><td>821</td><td>813</td><td>Total Social Security taxes</td><td>72,774</td><td>71,239</td></tr><tr><td>Playing cards</td><td>130</td><td>204</td><td>Carriers' Taxing Act of 1937</td><td>518</td><td>1,515</td></tr><tr><td>Silver bullion sales or transfers</td><td>1</td><td>28</td><td>Total payroll taxes</td><td>73,292</td><td>72,754</td></tr><tr><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>-</td><td>-</td><td>Total internal revenue</td><td>383,836</td><td>300,091</td></tr><tr><td>Total documentary, etc., stamp taxes</td><td>2,746</td><td>2,602</td><td></td><td></td><td></td></tr></table>
Less than $500. Formerly Title VIII. Formerly Title IX.
7
Collections of Internal Revenue
(in thousands of dollars - on basis of reports of collections)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Income and Profits</th><th colspan="3">Payroll Taxes</th></tr><tr><th>Total</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' Taxing 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>2,410,299</td><td>1,146,045</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>833,048</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>413,509</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,448</td><td>674,416</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,173,769</td><td>1,091,741</td><td>1,082,028</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,622,813</td><td>1,286,312</td><td>1,336,501</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,178,431</td><td>1,028,634</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-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>17,440</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>318,845</td><td>137,344</td><td>181,501</td><td>11,110</td><td>2,723</td><td>493</td><td>7,894</td></tr><tr><td>1940-Jan.</td><td>306,304</td><td>45,689</td><td>20,561</td><td>25,128</td><td>89,644</td><td>60,157</td><td>22,424</td><td>1,063</td></tr><tr><td>Feb.</td><td>385,011</td><td>70,946</td><td>43,443</td><td>27,503</td><td>147,282</td><td>87,861</td><td>41,061</td><td>15,360</td></tr><tr><td>Mar.</td><td>861,168</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>11,786</td></tr><tr><td>Apr.</td><td>294,652</td><td>45,498</td><td>15,444</td><td>30,054</td><td>77,310</td><td>71,813</td><td>4,953</td><td>544</td></tr><tr><td>May</td><td>343,603</td><td>41,155</td><td>13,070</td><td>28,095</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><tr><td>July</td><td>383,936</td><td>45,742</td><td>12,833</td><td>32,909</td><td>73,292</td><td>68,226</td><td>4,548</td><td>518</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="8">Miscellaneous Internal Revenues</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' excise</th><th>Miscellaneous</th><th></th><th></th></tr><tr><td>1929</td><td>607,790</td><td>-</td><td>61,897</td><td>12,777</td><td>434,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,887</td><td>-</td><td>64,770</td><td>11,695</td><td>450,339</td><td>77,729</td><td>344</td><td>25,010</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>48,078</td><td>10,432</td><td>444,277</td><td>46,954</td><td>138</td><td>18,310</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>500,972</td><td>-</td><td>47,422</td><td>8,704</td><td>398,579</td><td>32,241</td><td>-</td><td>14,026</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>873,048</td><td>-</td><td>34,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>1,481,160</td><td>80,168</td><td>113,138</td><td>258,911</td><td>425,169</td><td>66,580</td><td>390,038</td><td>147,156</td><td>-</td><td>371,423</td></tr><tr><td>1935</td><td>1,667,423</td><td>91,508</td><td>212,112</td><td>411,022</td><td>459,179</td><td>43,133</td><td>342,275</td><td>108,194</td><td>-</td><td>526,222</td></tr><tr><td>1936</td><td>2,021,075</td><td>94,943</td><td>378,840</td><td>505,464</td><td>501,166</td><td>68,990</td><td>379,540</td><td>92,132</td><td>-</td><td>71,637</td></tr><tr><td>1937</td><td>2,207,608</td><td>137,499</td><td>305,548</td><td>594,245</td><td>552,254</td><td>69,919</td><td>449,554</td><td>98,289</td><td>6,073</td><td>-</td></tr><tr><td>1938</td><td>2,287,075</td><td>139,349</td><td>416,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,199</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>3,536</td><td>-</td></tr><tr><td>1939-July</td><td>183,111</td><td>1,937</td><td>24,767</td><td>51,655</td><td>48,629</td><td>2,602</td><td>40,038</td><td>13,483</td><td>527</td><td>-</td></tr><tr><td>Aug.</td><td>255,886</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>56,363</td><td>53,087</td><td>4,584</td><td>28,635</td><td>13,149</td><td>554</td><td>-</td></tr><tr><td>Nov.</td><td>191,510</td><td>367</td><td>25,525</td><td>61,020</td><td>49,976</td><td>3,127</td><td>34,196</td><td>17,299</td><td>630</td><td>-</td></tr><tr><td>Dec.</td><td>168,030</td><td>241</td><td>21,320</td><td>51,197</td><td>43,702</td><td>2,921</td><td>36,018</td><td>12,631</td><td>1,008</td><td>-</td></tr><tr><td>1940-Jan.</td><td>170,113</td><td>229</td><td>26,565</td><td>37,363</td><td>49,519</td><td>3,020</td><td>41,128</td><td>12,288</td><td>858</td><td>-</td></tr><tr><td>Feb.</td><td>166,276</td><td>177</td><td>28,423</td><td>41,454</td><td>45,347</td><td>2,774</td><td>34,919</td><td>13,182</td><td>507</td><td>-</td></tr><tr><td>Mar.</td><td>190,479</td><td>193</td><td>44,142</td><td>47,116</td><td>45,092</td><td>2,684</td><td>38,490</td><td>12,762</td><td>989</td><td>-</td></tr><tr><td>Apr.</td><td>171,124</td><td>312</td><td>29,326</td><td>46,798</td><td>50,742</td><td>2,840</td><td>29,606</td><td>11,500</td><td>720</td><td>-</td></tr><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><tr><td>July</td><td>263,982</td><td>55,614</td><td>23,579</td><td>74,959</td><td>59,325</td><td>2,745</td><td>34,668</td><td>13,091</td><td>820</td><td>-</td></tr></table>
1/ Including excess-profit tax collections.
2/ For the period prior to September 1939 the data in the columns entitled "Insurance Contributions Act" and "Unemployment Tax Act" represent collections under Title VIII and IX, respectively, of the Social Security Act.
1/ Including tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
YEARLY
Fiscal Years 1929 to Date
MONTHLY
July 1939 to Date
DOLLARS
8
5
Customs Duties and Taxes Estimated, and Value of Dutiable
and Taxable Imports, by Tariff Schedules
(in thousands of dollars) 1/
<table><tr><th>Month</th><th>Chemicals, oil, and painte</th><th>Earthe, earthenware, and glassware</th><th>Metals and manufactures of</th><th>Wood and manufactures of</th><th>Sugar, coloases, 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 jate, 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-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>3,689</td><td>2,302</td><td>744</td><td>779</td></tr><tr><td>July.........</td><td>1,052</td><td>826</td><td>1,748</td><td>157</td><td>4,778</td><td>1,918</td><td>3,605</td><td>1,834</td><td>790</td><td>779</td></tr><tr><td>Aug.........</td><td>1,278</td><td>986</td><td>1,998</td><td>163</td><td>5,313</td><td>2,334</td><td>4,014</td><td>2,045</td><td>801</td><td>697</td></tr><tr><td>Sept.........</td><td>1,374</td><td>671</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>751</td></tr><tr><td>Nov.........</td><td>1,942</td><td>1,078</td><td>2,533</td><td>177</td><td>2,024</td><td>2,107</td><td>5,151</td><td>3,306</td><td>834</td><td>1,088</td></tr><tr><td>Dec.........</td><td>1,573</td><td>836</td><td>2,629</td><td>160</td><td>7,071</td><td>1,413</td><td>3,585</td><td>4,603</td><td>860</td><td>906</td></tr><tr><td>1940-Jan.....</td><td>1,289</td><td>799</td><td>2,047</td><td>147</td><td>3,079</td><td>1,919</td><td>4,886</td><td>2,215</td><td>899</td><td>1,216</td></tr><tr><td>Feb.........</td><td>1,229</td><td>647</td><td>1,768</td><td>125</td><td>3,986</td><td>1,622</td><td>4,613</td><td>1,894</td><td>668</td><td>899</td></tr><tr><td>Mar.........</td><td>1,135</td><td>793</td><td>2,111</td><td>116</td><td>4,558</td><td>1,589</td><td>4,750</td><td>2,186</td><td>718</td><td>1,034</td></tr><tr><td>Apr.........</td><td>1,203</td><td>633</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>4,164</td><td>2,026</td><td>4,737</td><td>2,574</td><td>614</td><td>864</td></tr><tr><td>June.........</td><td>1,435</td><td>734</td><td>2,300</td><td>151</td><td>4,618</td><td>1,880</td><td>3,203</td><td>5,473</td><td>573</td><td>721</td></tr><tr><td>Value:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1939-June.....</td><td>4,123</td><td>2,054</td><td>6,044</td><td>1,411</td><td>7,711</td><td>3,289</td><td>12,035</td><td>4,088</td><td>2,002</td><td>4,098</td></tr><tr><td>July.........</td><td>3,728</td><td>1,951</td><td>6,217</td><td>1,266</td><td>9,634</td><td>3,005</td><td>12,251</td><td>3,277</td><td>2,125</td><td>4,338</td></tr><tr><td>Aug.........</td><td>3,833</td><td>2,226</td><td>6,747</td><td>1,347</td><td>11,339</td><td>3,583</td><td>12,939</td><td>3,608</td><td>2,153</td><td>3,434</td></tr><tr><td>Sept.........</td><td>3,822</td><td>1,959</td><td>9,189</td><td>1,414</td><td>15,348</td><td>3,012</td><td>15,100</td><td>9,277</td><td>2,247</td><td>4,337</td></tr><tr><td>Oct.........</td><td>4,656</td><td>2,035</td><td>9,626</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>1,253</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>1,689</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><tr><td>June.........</td><td>4,592</td><td>1,888</td><td>8,591</td><td>1,546</td><td>9,356</td><td>3,111</td><td>11,028</td><td>9,250</td><td>1,599</td><td>4,899</td></tr></table>
<table><tr><th>Month</th><th>Wool and manufactures of</th><th>Silk manufactures</th><th>Manufactures of rayon or other synthetic textile</th><th>Papers and books</th><th>Sundries</th><th>Free list 3/</th><th>Miscellaneous 4/</th><th>Total</th><th>Adjustment to daily Treasury statement (unrevised)</th><th>Total, daily Treasury statement (unrevised)</th></tr><tr><td>Duties and taxes: 1939-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>32,416</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>June.</td><td>2,956</td><td>136</td><td>60</td><td>117</td><td>2,133</td><td>1,388</td><td>20</td><td>27,903</td><td>+ 198</td><td>28,101</td></tr><tr><td>Value: 1939-June-</td><td>3,483</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>753</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>9,135</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>82,600</td><td>-</td><td>-</td></tr><tr><td>1940-Jan.</td><td>8,737</td><td>446</td><td>980</td><td>782</td><td>12,428</td><td>3,713</td><td>19</td><td>81,393</td><td>-</td><td>-</td></tr><tr><td>Feb.</td><td>6,850</td><td>332</td><td>540</td><td>694</td><td>10,189</td><td>4,995</td><td>11</td><td>70,897</td><td>-</td><td>-</td></tr><tr><td>Mar.</td><td>7,214</td><td>444</td><td>331</td><td>684</td><td>12,581</td><td>6,413</td><td>14</td><td>78,950</td><td>-</td><td>-</td></tr><tr><td>Apr.</td><td>4,720</td><td>313</td><td>486</td><td>661</td><td>9,495</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><tr><td>June.</td><td>4,677</td><td>259</td><td>163</td><td>721</td><td>8,547</td><td>6,769</td><td>17</td><td>77,011</td><td>-</td><td>-</td></tr></table>
Note: The amount of customs duties and taxes is calculated on the basis of reports of the Bureau of Foreign and Domestic Commerce, showing the quantity and value of merchandise imported.
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.
10
Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports into the United States
<table><tr><th>Article</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>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>Grude petroleum.</td><td>$688,585</td><td>$51,266</td><td>$501,758</td><td>$561,192</td><td>$501,327</td><td>$557,120</td><td>$380,726</td><td>$210,908</td><td>$235,572</td><td>$271,742</td><td>$420,012</td><td>$513,051</td><td>$427,192</td></tr><tr><td>Fuel oil, etc. 2/.</td><td>175,648</td><td>141,622</td><td>156,573</td><td>111,578</td><td>102,482</td><td>108,843</td><td>182,545</td><td>104,832</td><td>302,907</td><td>376,597</td><td>238,026</td><td>130,051</td><td>226,763</td></tr><tr><td>Gasoline or other motor fuel.</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><td>2,501</td></tr><tr><td>Lubricating oil.</td><td>606</td><td>354</td><td>600</td><td>1,443</td><td>1,455</td><td>1,672</td><td>82</td><td>659</td><td>887</td><td>1,898</td><td>477</td><td>1,473</td><td>-</td></tr><tr><td>Paraffin and other petroleum wax products.</td><td>27,228</td><td>23,745</td><td>28,243</td><td>37,634</td><td>52,090</td><td>40,035</td><td>44,130</td><td>59,599</td><td>37,958</td><td>54,073</td><td>126,704</td><td>60,637</td><td>15,750</td></tr><tr><td>Seed oils.</td><td>190,842</td><td>146,799</td><td>256,544</td><td>253,957</td><td>258,943</td><td>174,811</td><td>187,231</td><td>200,189</td><td>19,422</td><td>11,042</td><td>4,875</td><td>5,387</td><td>41,683</td></tr><tr><td>Oil seeds.</td><td>33,278</td><td>35,425</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><td>54,569</td></tr><tr><td>Animal, fish and coconut oils.</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><td>213</td></tr><tr><td>Copper.</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><td>600,692</td></tr><tr><td>Lumber of specified types.</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><td>18,602</td></tr><tr><td>Coal and related fuels.</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><td>-</td></tr><tr><td>Total 1/.</td><td>1,216,656</td><td>935,959</td><td>1,027,932</td><td>1,021,721</td><td>1,035,180</td><td>1,024,750</td><td>890,482</td><td>711,746</td><td>699,769</td><td>770,631</td><td>844,791</td><td>826,876</td><td>1,387,565</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>$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><td>$427,646</td></tr><tr><td>Cane sugar (from Philippine I.e.).</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><td>26,607</td></tr><tr><td>Beet sugar.</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><td>-</td></tr><tr><td>Articles composed in chief value of manufactured sugar.</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><td>6,257</td></tr><tr><td>Fuel oil, etc. 2/.</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><td>-</td></tr><tr><td>Lubricating oil.</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><td>-</td></tr><tr><td>Paraffin and other petroleum wax products.</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><td>12</td></tr><tr><td>Seed oils.</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><td>10</td></tr><tr><td>Animal and fish oils.</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><td>29,794</td></tr><tr><td>Palm oil.</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><td>182</td></tr><tr><td>Coconut oil (from Philippine islands).</td><td>957</td><td>1,504</td><td>1,009</td><td>802</td><td>-</td><td>585</td><td>874</td><td>546</td><td>240</td><td>384</td><td>262</td><td>449</td><td>599</td></tr><tr><td>Oocnut oil.</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><td>334</td></tr><tr><td>Copper.</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>8,905</td><td>8,667</td><td>8,564</td></tr><tr><td>Lumber of specified types.</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>54,454</td><td>32,057</td></tr><tr><td>Total 3/.</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>709,075</td><td>634,581</td><td>532,082</td></tr><tr><td>Grand total 4/</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><td>1,920,047</td></tr></table>
Notes: Rates of tax for the respective articles are shown in the September 1939 Bulletin, page 11.
1/ The total of the taxes herein corresponds to the total of the column headed "Free List" in the preceding table.
2/ Fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other motor fuel.
3/ The total of the taxes herein corresponds to the total of the taxes on copper and sugar in the Miscellaneous column in the preceding table, plus all taxes included in appropriate tariff schedules.
h/ Figures are rounded to nearest thousand, and will not necessarily add to totals.
11
Computed Duties Collected, by Countries
(10 thousands of dollars)
<table><tr><th>Country</th><th>1938</th><th>1939</th><th>Jan.</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>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>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><td>246</td></tr><tr><td>Czechoslovakia</td><td>10,827</td><td>1,564</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><td>6</td></tr><tr><td>France</td><td>16,319</td><td>19,210</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><td>1,627</td></tr><tr><td>Germany</td><td>15,406</td><td>14,224</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><td>156</td></tr><tr><td>Greece</td><td>7,846</td><td>7,209</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><td>840</td></tr><tr><td>Italy</td><td>15,024</td><td>13,394</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><td>1,145</td></tr><tr><td>Netherlands</td><td>6,170</td><td>5,972</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><td>92</td></tr><tr><td>Norway</td><td>2,508</td><td>3,208</td><td>200</td><td>273</td><td>286</td><td>355</td><td>430</td><td>304</td><td>241</td><td>197</td><td>246</td><td>208</td><td>257</td><td>97</td><td>95</td></tr><tr><td>Poland</td><td>2,298</td><td>1,983</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><td>2</td></tr><tr><td>Spain</td><td>2,847</td><td>3,065</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><td>412</td></tr><tr><td>Sweden</td><td>1,800</td><td>1,920</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><td>71</td></tr><tr><td>Switzerland</td><td>8,278</td><td>11,369</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><td>716</td></tr><tr><td>U.S.S.R. (Russia)</td><td>2,116</td><td>1,921</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><td>301</td></tr><tr><td>United Kingdom</td><td>36,813</td><td>43,783</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><td>4,963</td></tr><tr><td>Other Europe</td><td>6,385</td><td>7,103</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><td>294</td></tr><tr><td>Total Europe</td><td>141,299</td><td>145,319</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><td>10,966</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>1,135</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><td>1,967</td></tr><tr><td>Cuba</td><td>45,435</td><td>48,811</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><td>4,841</td></tr><tr><td>Dominican Republic</td><td>2,462</td><td>1,444</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><td>156</td></tr><tr><td>Mexico</td><td>5,755</td><td>7,819</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><td>652</td></tr><tr><td>Netherland West Indies</td><td>1,536</td><td>1,605</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><td>112</td></tr><tr><td>Other Countries</td><td>2,052</td><td>1,161</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><td>119</td></tr><tr><td>Total North and Central America</td><td>75,271</td><td>80,528</td><td>5,519</td><td>7,164</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><td>7,847</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>1,612</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><td>1,532</td></tr><tr><td>Brazil</td><td>3,450</td><td>3,107</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><td>282</td></tr><tr><td>Chile</td><td>632</td><td>601</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><td>540</td></tr><tr><td>Peru</td><td>3,004</td><td>3,082</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><td>203</td></tr><tr><td>Uruguay</td><td>2,808</td><td>5,604</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><td>571</td></tr><tr><td>Veocruela</td><td>4,387</td><td>5,267</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><td>343</td></tr><tr><td>Other Countries</td><td>982</td><td>1,424</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><td>109</td></tr><tr><td>Total South America</td><td>29,431</td><td>37,695</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><td>3,580</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 Indie</td><td>7,035</td><td>6,945</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><td>666</td></tr><tr><td>China</td><td>9,602</td><td>10,262</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><td>849</td></tr><tr><td>Japan</td><td>17,826</td><td>17,823</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>1,867</td><td>2,316</td><td>1,283</td><td>1,111</td><td>908</td><td>1,081</td><td>1,145</td></tr><tr><td>Turkey</td><td>9,219</td><td>8,435</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><td>765</td></tr><tr><td>Other Countries</td><td>4,994</td><td>6,716</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><td>756</td></tr><tr><td>Total Asia</td><td>48,677</td><td>50,182</td><td>3,736</td><td>3,457</td><td>3,869</td><td>4,805</td><td>4,929</td><td>5,314</td><td>4,848</td><td>5,828</td><td>4,007</td><td>4,326</td><td>3,763</td><td>4,569</td><td>4,181</td></tr><tr><td>Oceania - Total</td><td>2,913</td><td>8,509</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><td>438</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>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><td>238</td></tr><tr><td>Gold Coast</td><td>716</td><td>1,375</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><td>189</td></tr><tr><td>Union of South Africa</td><td>298</td><td>1,528</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><td>291</td></tr><tr><td>Other Countries</td><td>1,252</td><td>838</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><td>173</td></tr><tr><td>Total Africa</td><td>3,789</td><td>6,118</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><td>891</td></tr><tr><td>Grand Total</td><td>301,381</td><td>328,352</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><td>27,903</td></tr></table>
Note: Figures are rounded to nearest thousand and will not necessarily add to totals.
12
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="5">Expenditures</th></tr><tr><th></th><th>Employment taxes relating to old-age insurance</th><th>Tax on employers of 5 or more</th><th>Total receipts</th><th>Administrative expenses 1/</th><th colspan="2">Grants to States</th><th>Refunds of taxes 2/</th><th>Appropriations and transfers to Federal Old-age and Survivors Insurance Trust Fund 3/</th><th>Total expenditures</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Unemployment compensation administration</th><th>Old-age assistance, etc.</th><th>Total grants to States</th><th></th><th></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>28.4</td></tr><tr><td>1937</td><td>194.3</td><td>57.8</td><td>252.2</td><td>15.8</td><td>9.1</td><td>157.8</td><td>166.9</td><td>.4</td><td>265.0</td><td>448.1</td></tr><tr><td>1938</td><td>514.4</td><td>90.1</td><td>604.4</td><td>20.0</td><td>41.9</td><td>229.6</td><td>271.5</td><td>40.6</td><td>337.0</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-July</td><td>32.7</td><td>2.7</td><td>35.4</td><td>1.7</td><td>8.8</td><td>32.5</td><td>41.3</td><td>.1</td><td>43.0</td><td>86.1</td></tr><tr><td>Aug.</td><td>106.6</td><td>8.1</td><td>114.6</td><td>1.9</td><td>7.4</td><td>26.3</td><td>33.7</td><td>.1</td><td>48.0</td><td>83.8</td></tr><tr><td>Sant.</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>Deco.</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>134.3</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><tr><td>July.</td><td>38.1</td><td>.5</td><td>38.6</td><td>2.1</td><td>15.1</td><td>46.7</td><td>61.8</td><td>.2</td><td>35.3</td><td>99.9</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="3">Receipts</th><th colspan="2">Expenditures</th><th colspan="4">Balance</th></tr><tr><th>Appropriations and transfers from general fund</th><th>Interest on investments</th><th>Total receipts</th><th>Benefit payments</th><th>Reimbursement for administrative expenses</th><th>Total</th><th>Investments</th><th>Unexpended To credit of Fund Account 5/</th><th>To credit of disbursing officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>265.0</td><td>2.3</td><td>267.3</td><td>-</td><td>-</td><td>267.2</td><td>267.1</td><td>.1</td><td>.1</td></tr><tr><td>1938</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><td>1.9</td></tr><tr><td>1939</td><td>1,155.0</td><td>44.6</td><td>1,199.6</td><td>19.3</td><td>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</td></tr><tr><td>1940</td><td>1,705.0</td><td>87.1</td><td>1,792.1</td><td>35.1</td><td>12.3</td><td>1,744.7</td><td>1,733.1</td><td>.5</td><td>6.1</td></tr><tr><td>1940-July</td><td>1,743.1</td><td>87.1</td><td>1,830.2</td><td>38.3</td><td>14.5</td><td>1,777.4</td><td>1,733.1</td><td>36.4</td><td>7.9</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">Receipt</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Deposits by States $/</th><th colspan="2">Railroad Unemployment Insurance Account</th><th>Interest on investments $/</th><th>Total receipts $/</th><th>Withdrawals by States</th><th>Railroad Unemployment Insurance Account benefit payments</th><th>Repayment of advance</th><th>Total expenditures $/</th><th>Total</th><th>Investments</th><th>Trust account</th><th>Unexpended balances Disbursing account (Railroad unemployment benefits and refunds)</th></tr><tr><th></th><th></th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriation $/</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1936</td><td>18.9</td><td>-</td><td>-</td><td>.1</td><td>18.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>310.6</td><td>-</td><td>-</td><td>2.8</td><td>313.4</td><td>1.0</td><td>-</td><td>-</td><td>1.0</td><td>312.4</td><td>312.3</td><td>.1</td><td>-</td></tr><tr><td>1938</td><td>1,058.2</td><td>-</td><td>-</td><td>18.0</td><td>1,076.2</td><td>192.0</td><td>-</td><td>-</td><td>192.0</td><td>884.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,869.5</td><td>-</td><td>-</td><td>44.8</td><td>1,914.3</td><td>633.8</td><td>-</td><td>-</td><td>633.8</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1940</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>82.6</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><td>1.4</td></tr><tr><td>1940-July</td><td>2,783.2</td><td>44.2</td><td>15.0</td><td>82.6</td><td>2,930.0</td><td>1,172.7</td><td>15.2</td><td>15.0</td><td>1,203.0</td><td>1,727.0</td><td>1,723.0</td><td>2.3</td><td>1.7</td></tr></table>
(For footnotes see following page)
13
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 rowspan="2">Fiscal year or month</th><th rowspan="2">Receipts Total</th><th colspan="4">Expenditures</th></tr><tr><th>Administrative expense</th><th>Transfers to Railroad Retirement account</th><th>Transfers to Railroad Unemployment 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-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 2/</td><td>4.5 2/</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><tr><td>July</td><td>.5</td><td>.5</td><td>20.0</td><td>-</td><td>20.5</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 10/</th><th>Appropriations by Congress Balance available for transfer</th><th>Total</th><th>Interest on investments</th><th>Total receipts</th><th>Total investments</th><th>To credit of appropriations 11/</th><th>Unexpended 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>68.1</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>82.8</td><td>67.2</td><td>13.2</td><td>2.3</td></tr><tr><td>1940</td><td>354.2</td><td>30.7</td><td>384.9</td><td>5.9</td><td>390.8</td><td>92.1</td><td>79.4</td><td>10.9</td><td>1.8</td></tr><tr><td>1940-July</td><td>374.2</td><td>133.3</td><td>507.5</td><td>5.9</td><td>513.4</td><td>204.9</td><td>79.4</td><td>113.4</td><td>12.1</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 expense 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 1935, approved June 25, 1935, 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 IX of the Social Security Act. Other refunds are on account of Employment taxes (Title VIII) and Tax on employers of 8 or more (Title IX, Sec. 901) "Other than to States."
3/ Prior to January 1, 1940, transfers to Old-age Reserve Account; commencing July 1, 1940, receipts were deposited under Trust Receipt account and appropriated directly to Federal Old-age Survivors Insurance Trust Fund.
4/ Under Section 201 (z) of the Social Security Act amendments of 1939.
5/ Includes balance of appropriation available for transfers.
6/ 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.
7/ 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.
8/ 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.
9/ Excess credit.
10/ Transfers from general fund were not reflected until July 1, 1937.
11/ Includes balance of appropriation available for transfers subsequent to June 30, 1937.
14
Cash Income and Outgo of the Treasury
(These figures are not intended to reflect the budgetary position of the Government. They will not agree with budgetary figures on receipts, expenditure 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. 1999 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="6">1939</th><th colspan="7">1940</th></tr><tr><th></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><th>July</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>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><td>50</td></tr><tr><td>Miscellaneous internal revenue.</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><td>237</td></tr><tr><td>Taxes under Social Security Act.</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><td>39</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>1</td></tr><tr><td>Customs.</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><td>25</td></tr><tr><td>Other.</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><td>15</td></tr><tr><td>Subtotal.</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><td>367</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>43</td><td>154</td><td>13</td><td>54</td><td>144</td><td>29</td><td>62</td><td>135</td><td>30</td><td>53</td><td>144</td><td>26</td><td>59</td></tr><tr><td>Trust accounts.</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><td>23</td></tr><tr><td>Subtotal.</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><td>82</td></tr><tr><td>Total cash income.</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><td>449</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>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><td>177</td></tr><tr><td>Social Security Act (grants and administrative expenses).</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><td>64</td></tr><tr><td>Interest on the public debt.</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><td>16</td></tr><tr><td>Public Works.</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><td>70</td></tr><tr><td>Agricultural aid.</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><td>66</td></tr><tr><td>National Youth Administration.</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><td>7</td></tr><tr><td>Works Projects Administration.</td><td>149</td><td>134</td><td>106</td><td>113</td><td>112</td><td>124</td><td>120</td><td>113</td><td>134</td><td>133</td><td>128</td><td>113</td><td>110</td></tr><tr><td>Other.</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><td>191</td></tr><tr><td>Subtotal.</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><td>701</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>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><td>24</td></tr><tr><td>Commodity Credit Corporation.</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><td>10</td></tr><tr><td>Unemployment trust fund.</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><td>57</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>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><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>10</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Other.</td><td>57*</td><td>42</td><td>84</td><td>10</td><td>14*</td><td>82</td><td>5</td><td>23*</td><td>15*</td><td>16*</td><td>11*</td><td>26</td><td>2*</td></tr><tr><td>Subtotal.</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><td>102</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>3</td></tr><tr><td>Total cash outgo.</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><td>806</td></tr><tr><td>EXCESS OF CASH OUTGO.</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><td>357</td></tr></table>
Note: Negative figures denote excess of cash income. * Excess of credite, 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>232</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>652</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>604</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>761</td><td>449</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935</td><td>468</td><td>530</td><td>577</td><td>633</td><td>551</td><td>737</td><td>614</td><td>561</td><td>610</td><td>658</td><td>474</td><td>632</td><td>7,045</td></tr><tr><td>1936</td><td>431</td><td>489</td><td>621</td><td>690</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>834</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>894</td><td>8,685</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>843</td><td>652</td><td>989</td><td>891</td><td>781</td><td>667</td><td>947</td><td>9,481</td></tr><tr><td>1940</td><td>726</td><td>679</td><td>851</td><td>792</td><td>691</td><td>885</td><td>806</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>242</td><td>170</td><td>398</td><td>248</td><td>179</td><td>2,998</td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>331</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>10</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>137</td><td>1,693</td></tr><tr><td>1939</td><td>304</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>357</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
15
TREASURY GENERAL FUND AND PUBLIC DEBT
-16-
17
Composition of General Fund
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th>End of fiscal year or month</th><th colspan="5">Balance</th><th colspan="4">Current assets</th><th rowspan="2">Current liabilities</th></tr><tr><th></th><th>Total</th><th>"Working" balance</th><th>Seigniorage</th><th>Incre-ment on gold</th><th>Inactive gold</th><th>Total</th><th>Bullion, coin and currency</th><th>Deposits in Fed. Reserve Banks</th><th>Special de- posits a/o sales of Govt. Secs.</th><th>All other deposits and col-lections</th></tr><tr><td>1933</td><td>862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td><td>219</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>1,641</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>2,536</td><td>865</td><td>852</td><td>1,152</td><td>58</td><td>258</td></tr><tr><td>1937</td><td>2,954</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>75</td><td>196</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>42</td><td>203</td></tr><tr><td>1939</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>75</td><td>249</td></tr><tr><td>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>305</td><td>88</td><td>147</td></tr><tr><td>1939-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>1,491</td><td>554</td><td>143</td><td>-</td><td>2,334</td><td>910</td><td>586</td><td>758</td><td>80</td><td>156</td></tr><tr><td>Oct.</td><td>1,913</td><td>1,213</td><td>558</td><td>142</td><td>-</td><td>2,077</td><td>922</td><td>318</td><td>756</td><td>81</td><td>164</td></tr><tr><td>Nov.</td><td>2,165</td><td>1,462</td><td>561</td><td>142</td><td>-</td><td>2,350</td><td>1,042</td><td>471</td><td>755</td><td>82</td><td>185</td></tr><tr><td>Dec.</td><td>2,476</td><td>1,768</td><td>565</td><td>143</td><td>-</td><td>2,666</td><td>1,086</td><td>673</td><td>825</td><td>83</td><td>190</td></tr><tr><td>1940-Jan.</td><td>2,222</td><td>1,571</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><tr><td>July</td><td>2,258</td><td>1,527</td><td>588</td><td>143</td><td>-</td><td>2,414</td><td>963</td><td>639</td><td>718</td><td>94</td><td>156</td></tr></table>
Statement of the Outstanding Public Debt on June 30, 1940 and July 31, 1940
(In millions of dollars - on basis of daily Treasury statements, unrevised)
<table><tr><th></th><th>June 30, 1940</th><th>July 31, 1940</th><th>Increase(+) Decrease(-)</th><th></th><th>June 30, 1940</th><th>July 31, 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>524</td><td>504</td><td>-20</td></tr><tr><td>Treasury bonds.............</td><td>26,595</td><td>27,226</td><td>+671</td><td>Federal Old-Age and Survivors</td><td></td><td></td><td></td></tr><tr><td>U. S. Savings bonds........</td><td>2,905</td><td>2,956</td><td>+51</td><td>Insurance Trust Fund.............</td><td>1,738</td><td>1,733</td><td>-5</td></tr><tr><td>Adjusted Service bonds.....</td><td>261</td><td>259</td><td>-2</td><td>Railroad Retirement Account......</td><td>80</td><td>79</td><td>-1</td></tr><tr><td>Treasury notes.............</td><td>6,383</td><td>6,383</td><td>+</td><td>Government retirement funds.....</td><td>559</td><td>650</td><td>+91</td></tr><tr><td>Treasury bills.............</td><td>1,302</td><td>1,302</td><td>-</td><td>Adjusted Service Certificate</td><td></td><td></td><td></td></tr><tr><td>Matured debt on which</td><td></td><td></td><td></td><td>Fund.............</td><td>11</td><td>11</td><td>-</td></tr><tr><td>interest has ceased.........</td><td>205</td><td>198</td><td>-7</td><td>Unemployment Trust Fund........</td><td>1,710</td><td>1,723</td><td>+13</td></tr><tr><td>Debt bearing no interest.....</td><td>386</td><td>386</td><td>-</td><td>Postal Savings System...........</td><td>97</td><td>97</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td>Federal Deposit Insurance</td><td></td><td></td><td></td></tr><tr><td>Total Market issues, etc.....</td><td>38,193</td><td>38,918</td><td>+725</td><td>Corporation.............</td><td>56</td><td>56</td><td>-</td></tr><tr><td></td><td></td><td></td><td></td><td>Total Special issues............</td><td>4,775</td><td>4,853</td><td>+78</td></tr><tr><td></td><td></td><td></td><td></td><td>Total.............</td><td>42,968</td><td>43,771</td><td>+803</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 colspan="3">Market Operations</th><th rowspan="2">Special Series</th><th rowspan="2">Total</th><th colspan="2">Haricot Operations</th><th rowspan="2">Special Series</th><th rowspan="2">Total</th><th rowspan="2">Excess of Receipts</th></tr><tr><th>Cash</th><th>Adjusted Serv. Bonds</th><th>Exchangee</th><th>Cash</th><th>Exchangee</th></tr><tr><td>1938</td><td>4,715.7</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-July</td><td>491.2</td><td>.4</td><td>-</td><td>165.7</td><td>657.3</td><td>418.2</td><td>-</td><td>17.4</td><td>435.6</td><td>221.7</td></tr><tr><td>Aug.</td><td>576.0</td><td>.4</td><td>-</td><td>180.1</td><td>756.5</td><td>522.6</td><td>-</td><td>3.9</td><td>526.5</td><td>230.0</td></tr><tr><td>Sept.</td><td>448.4</td><td>.5</td><td>-</td><td>43.0</td><td>491.9</td><td>451.4</td><td>-</td><td>74.1</td><td>525.5</td><td>-33.6</td></tr><tr><td>Oct.</td><td>551.0</td><td>.5</td><td>-</td><td>55.0</td><td>606.5</td><td>419.2</td><td>-</td><td>9.0</td><td>428.2</td><td>178.4</td></tr><tr><td>Nov.</td><td>607.6</td><td>.6</td><td>515.2</td><td>188.4</td><td>1,311.8</td><td>524.8</td><td>515.2</td><td>2.8</td><td>1,042.8</td><td>269.0</td></tr><tr><td>Dec.</td><td>1,122.7</td><td>1.4</td><td>1,301.0</td><td>96.0</td><td>2,521.1</td><td>423.3</td><td>1,301.0</td><td>155.4</td><td>1,883.7</td><td>637.4</td></tr><tr><td>1940-Jan.</td><td>792.2</td><td>2.0</td><td>.1</td><td>50.3</td><td>844.6</td><td>651.1</td><td>.1</td><td>26.1</td><td>677.3</td><td>167.3</td></tr><tr><td>Feb.</td><td>548.4</td><td>.6</td><td>-</td><td>103.0</td><td>652.0</td><td>393.6</td><td>-</td><td>2.8</td><td>396.4</td><td>255.6</td></tr><tr><td>Mar.</td><td>519.2</td><td>.6</td><td>718.0</td><td>148.0</td><td>1,385.8</td><td>460.3</td><td>718.0</td><td>32.9</td><td>1,211.2</td><td>174.6</td></tr><tr><td>Apr.</td><td>523.0</td><td>.5</td><td>-</td><td>53.0</td><td>576.5</td><td>431.3</td><td>-</td><td>27.4</td><td>458.7</td><td>117.8</td></tr><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><tr><td>July.</td><td>1,245.9</td><td>.3</td><td>1.7</td><td>129.0</td><td>1,376.9</td><td>521.7</td><td>1.7</td><td>50.5</td><td>573.9</td><td>803.0</td></tr></table>
18
Statement Showing Details of Major Financing Operations of the Treasury for Fiscal Years 1938, 1939, 1940 and 1941
(In millions of dollars)
<table><tr><th rowspan="2">Date of Issue</th><th rowspan="2">Rate per cent</th><th rowspan="2">Term</th><th rowspan="2">Call and maturity dates</th><th colspan="2">Amount issued</th><th rowspan="2">Amount of cash subscriptions tendered</th><th rowspan="2">For Cash</th><th colspan="5">New securities allotted</th></tr><tr><th>Treasury bonds</th><th>Treasury notes and certific- ates</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and 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, 1945</td><td>541</td><td>-</td><td>4,084</td><td>294</td><td>-</td><td>247</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1, 1938</td></tr><tr><td>Dec. 15.</td><td>1-3/4</td><td>5 years</td><td>Dec. 15, 1942</td><td>-</td><td>232</td><td>2,702</td><td>219</td><td>-</td><td>13</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1, 1938</td></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>857</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>591</td><td>-</td><td>5,732</td><td>403</td><td>-</td><td>188</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>2</td><td>9 years</td><td>Dec. 15, 1947</td><td>701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>701</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,047</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 41/2 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>6,264</td><td>521 50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>100</td><td>100*</td><td>-</td><td>1,018</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>Dec. 22.</td><td>1</td><td>4 years 9 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>283</td><td>-</td><td>-</td><td>-</td><td>283</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>1940-Mar. 15.</td><td>3/4</td><td>5 years</td><td>Mar. 15, 1945</td><td>-</td><td>718</td><td>-</td><td>-</td><td>-</td><td>718</td><td>June 15, 1935</td><td>1-1/2</td><td>June 15, 1940</td></tr><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><tr><td>July 22.</td><td>2-1/4</td><td>14-16 years</td><td>June 15, 1954 June 15, 1956</td><td>671</td><td>-</td><td>6,605</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Note: For financings in fiscal years 1934-37 see March 1939 Bulletin, pages 16-17.
* This amount was sold to Government investment accounts direct, as authorised by the issuing circular No. 626 of November 26, 1939.
** Cash sales direct to Government investment accounts, as authorised by issuing circular No. 627 of December 12, 1939.
19
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Direct obligations</th><th colspan="4">Guaranteed obligations</th></tr><tr><th>Special issues</th><th>Government agencies and trust funds United States savings Bonds, 3 1/2 Adjusted Service Bonds of 1945, and 2 1/2 Postal Savings Bonds 1/2</th><th>Market issues</th><th>Federal Reserve Banks</th><th>Other holders United States savings Bonds and 3 1/2 Adjusted Service Bonds of 1945</th><th>Market issues and otherwise held 2 1/2</th><th>Total unmatured direct obligations outstanding</th><th>Government agencies and trust funds and Federal Reserve Banks</th><th>Market issues and 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>880</td><td>2,430</td><td>-</td><td>22,759</td><td>26,480</td><td>-</td><td>681</td><td>681</td></tr><tr><td>1935</td><td>633</td><td>17</td><td>967</td><td>2,430</td><td>62</td><td>23,536</td><td>27,642</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>1,258</td><td>22</td><td>1,618</td><td>2,526</td><td>1,191</td><td>28,688</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>2,504</td><td>1,539</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>1,826</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-July</td><td>3,918</td><td>27</td><td>1,818</td><td>2,453</td><td>2,234</td><td>29,668</td><td>40,118</td><td>295</td><td>5,185</td><td>5,480</td></tr><tr><td>Aug.</td><td>4,094</td><td>28</td><td>1,825</td><td>2,426</td><td>2,297</td><td>29,686</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>1,868</td><td>2,752</td><td>2,330</td><td>29,285</td><td>40,346</td><td>348</td><td>5,008</td><td>5,356</td></tr><tr><td>Oct.</td><td>4,109</td><td>28</td><td>1,887</td><td>2,669</td><td>2,369</td><td>29,468</td><td>40,530</td><td>348</td><td>5,008</td><td>5,356</td></tr><tr><td>Nov.</td><td>4,295</td><td>28</td><td>1,895</td><td>2,526</td><td>2,417</td><td>29,651</td><td>40,812</td><td>305</td><td>5,316</td><td>5,621</td></tr><tr><td>Dec.</td><td>4,231</td><td>28</td><td>2,017</td><td>2,472</td><td>2,499</td><td>30,218</td><td>41,465</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>1940-Jan.</td><td>4,256</td><td>28</td><td>2,027</td><td>2,465</td><td>2,762</td><td>30,081</td><td>41,619</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Feb.</td><td>4,356</td><td>29</td><td>2,009</td><td>2,465</td><td>2,589</td><td>30,101</td><td>41,849</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>3,090</td><td>30,044</td><td>42,122</td><td>289</td><td>5,335</td><td>5,624</td></tr><tr><td>May</td><td>4,585</td><td>29</td><td>2,009</td><td>2,467</td><td>3,137</td><td>30,028</td><td>42,255</td><td>289</td><td>5,208</td><td>5,497</td></tr><tr><td>June 31</td><td>4,775</td><td>29</td><td>2,013</td><td>2,463</td><td>3,166</td><td>29,930</td><td>42,376</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>July 31</td><td>4,853</td><td>30</td><td>2,053</td><td>2,441</td><td>3,224</td><td>30,585</td><td>43,186</td><td>286</td><td>5,213</td><td>5,499</td></tr></table>
Note: Holdings of Government agencies, etc., on basis of their accounts with the Treasury, excluding matured obligations for which deposit has been made with the treasurer of the United States for their redemption; holdings of Federal Reserve Banks on basis of their statements; other figures on basis of Public Debt Statements and Daily Treasury Statements, unreviewed.
1/ Includes 2½% Postal Savings Bonds held by the Postal Savings System.
2/ Includes 2½% 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 rowspan="2"></th><th colspan="11">Purchases or sales (-)</th></tr><tr><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>18.3</td><td>4.5</td><td>32.7</td><td>19.0</td><td>15.8</td><td>30.5</td><td>15.5</td><td>3.8</td><td>47.4</td><td>27.0</td><td>5.9</td><td>24.0</td></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>29.4</td><td>4.8</td><td>12.5</td><td>6.9</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>83.3</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>-77.1</td><td>-40.8</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>-5.2</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>End of fiscal year or month</th><th colspan="10">Gross debt</th><th rowspan="2">Balance in general fund</th><th rowspan="2">Gross debt loss balance in general fund</th></tr><tr><th>Total</th><th colspan="3">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and other of indent.</th><th colspan="2">Special issues</th><th rowspan="2">Matured debt</th><th rowspan="2">Non-interest-bearing debt</th></tr><tr><th></th><th>Total</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>63.2</td><td>4,348</td><td>20.5</td><td>3,063</td><td>13.8</td><td>321</td><td>1.5</td><td>66</td><td>315</td><td>862</td><td>21,611</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,910</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td><td>2,582</td><td>24,471</td></tr><tr><td>1935</td><td>28,701</td><td>27,645</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>633</td><td>2.3</td><td>231</td><td>825</td><td>1,841</td><td>26,860</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.2</td><td>11,341</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td><td>2,682</td><td>31,097</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,578</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>36,575</td><td>23,595</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,194</td><td>3.2</td><td>2,676</td><td>7.3</td><td>141</td><td>447</td><td>2,216</td><td>34,949</td></tr><tr><td>1939</td><td>40,439</td><td>39,636</td><td>27,563</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,305</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>6,353</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-July</td><td>40,661</td><td>40,114</td><td>27,644</td><td>68.9</td><td>7,243</td><td>18.1</td><td>1,309</td><td>3.3</td><td>3,918</td><td>9.8</td><td>140</td><td>408</td><td>2,447</td><td>38,214</td></tr><tr><td>Aug.</td><td>40,891</td><td>40,351</td><td>27,707</td><td>68.7</td><td>7,243</td><td>17.9</td><td>1,307</td><td>3.2</td><td>4,094</td><td>10.1</td><td>134</td><td>406</td><td>2,231</td><td>38,660</td></tr><tr><td>Sept.</td><td>40,858</td><td>40,342</td><td>27,741</td><td>68.8</td><td>7,332</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>Deco.</td><td>41,942</td><td>41,445</td><td>29,557</td><td>71.3</td><td>6,203</td><td>15.0</td><td>1,455</td><td>3.5</td><td>4,231</td><td>10.2</td><td>98</td><td>398</td><td>2,476</td><td>39,466</td></tr><tr><td>1940-Jan.</td><td>42,110</td><td>41,601</td><td>29,835</td><td>71.7</td><td>6,203</td><td>14.9</td><td>1,307</td><td>3.1</td><td>4,256</td><td>10.2</td><td>114</td><td>395</td><td>2,282</td><td>39,828</td></tr><tr><td>Feb.</td><td>42,365</td><td>41,839</td><td>29,973</td><td>71.6</td><td>6,203</td><td>14.8</td><td>1,308</td><td>3.1</td><td>4,356</td><td>10.4</td><td>132</td><td>394</td><td>2,350</td><td>40,015</td></tr><tr><td>Mar.</td><td>42,540</td><td>41,983</td><td>30,079</td><td>71.6</td><td>6,125</td><td>14.6</td><td>1,308</td><td>3.1</td><td>4,471</td><td>10.6</td><td>165</td><td>392</td><td>2,514</td><td>40,026</td></tr><tr><td>Apr.</td><td>42,658</td><td>42,117</td><td>30,189</td><td>71.7</td><td>6,125</td><td>14.5</td><td>1,307</td><td>3.1</td><td>4,496</td><td>10.7</td><td>150</td><td>391</td><td>2,210</td><td>40,448</td></tr><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>6,384</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>July.</td><td>43,771</td><td>43,186</td><td>30,647</td><td>70.9</td><td>6,384</td><td>14.8</td><td>1,302</td><td>3.0</td><td>4,853</td><td>11.2</td><td>198</td><td>386</td><td>2,258</td><td>41,513</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
20
21
Maturity Schedule of the United States Government Interest-bearing Debt Outstanding
as of July 31, 1940
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which fixed-maturity issues are due and callable issues are first callable</th><th colspan="4">Classified by year in which obligations mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1940</td><td></td><td></td><td></td><td>1940</td><td></td><td></td><td></td></tr><tr><td>Bills 1-1/2% Notes 0 - 12/15 40</td><td>1,302 737</td><td></td><td>2,039</td><td>Bills 1-1/2% Notes C - 12/15 40</td><td>1,302 737</td><td></td><td>2,039</td></tr><tr><td>Total</td><td>2,039</td><td>-</td><td>2,039</td><td>Total</td><td>2,039</td><td>-</td><td>2,039</td></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>1-1/2% Notes A - 3/15 41 677 3-3/8% Bonds - 3/15 41-43 504 1-3/8% Notes B - 6/15 41 834 3-1/4% Notes - 8/15 41 204 1-1/4% Notes C - 12/15 41</td><td>677 504 834 204</td><td>545</td><td>4,803</td><td>1-1/2% Notes A - 3/15 41 677 1-3/8% Notes B - 6/15 41 504 3-1/4% Notes - 8/15 41 834 1-1/4% Notes C - 12/15 41</td><td>677 504 834 204</td><td>-</td><td>4,258</td></tr><tr><td>Total</td><td>2,219</td><td>545</td><td>4,803</td><td>Total</td><td>2,219</td><td>-</td><td>4,258</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>1-3/4% Notes A - 3/15 42 426 2% Notes B - 9/15 42 342 1-3/4% Notes O - 12/15 42 232</td><td>426 342 232</td><td>-</td><td>5,803</td><td>1-3/4% Notes A - 3/15 42 426 2% Notes B - 9/15 42 342 1-3/4% Notes C - 12/15 42 232</td><td>426 342 232</td><td>-</td><td>5,258</td></tr><tr><td>Total</td><td>1,000</td><td>-</td><td>5,803</td><td>Total</td><td>1,000</td><td>-</td><td>5,258</td></tr><tr><td>1943</td><td></td><td></td><td></td><td>1943</td><td></td><td></td><td></td></tr><tr><td>1-1/8% Notes A - 6/15 43 629 3-3/8% Bonds - 6/15 43-47 279 1-1/8% Notes C - 9/15 43 421 1-1/8% Notes B - 12/15 43</td><td>629 279 421</td><td>454 1,401</td><td>8,987</td><td>3-3/8% Bonds - 3/15 41-43 629 1-1/8% Notes A - 6/15 43 279 1-1/8% Notes B - 12/15 43 421</td><td>629 279 421</td><td>545</td><td>7,132</td></tr><tr><td>Total</td><td>1,329</td><td>1,855</td><td>8,987</td><td>Total</td><td>1,329</td><td>545</td><td>7,132</td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1% Notes B - 3/15 44 515 3-1/4% Bonds - 4/15 44-46 416 1% Notes A - 6/15 44 283 1% Notes O - 9/15 44 1,519 1% Notes - 12/15 44-54</td><td>515 416 283</td><td>1,519</td><td>12,757</td><td>1% Notes B - 3/15 44 515 3/4% Notes A - 6/15 44 416 1% Notes C - 9/15 44 283</td><td>515 416 283</td><td>-</td><td>8,346</td></tr><tr><td>Total</td><td>1,214</td><td>2,556</td><td>12,757</td><td>Total</td><td>1,214</td><td>-</td><td>8,346</td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes A - 3/15 45 718 2-3/4% Bonds - 9/15 45-47 541 2-1/2% Bonds - 12/15 45</td><td>718 541</td><td>1,214</td><td>15,230</td><td>3/4% Notes A - 3/15 45 718 3-1/4% Bonds - 10/15 43-45 541 2-1/2% Bonds - 12/15 45</td><td>718 541</td><td>1,401</td><td>11,006</td></tr><tr><td>Total</td><td>1,259</td><td>1,214</td><td>15,230</td><td>Total</td><td>1,259</td><td>1,401</td><td>11,006</td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td>3% Conversion Bonds - 1/1 46 16 3-3/4% Bonds - 3/15 46-56 489 3% Bonds - 6/15 46-48 1,036 3-1/8% Bonds - 6/15 46-49 819</td><td>16 489 1,036 819</td><td>-</td><td>17,590</td><td>3% Conversion Bonds - 1/1 46 16 3-1/4% Bonds - 4/15 44-46 1,519</td><td>16 1,519</td><td>-</td><td>12,541</td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>17,590</td><td>Total</td><td>16</td><td>1,519</td><td>12,541</td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td>3% Conversion Bonds - 1/1 47 13 4-1/4% Bonds - 10/15 47-52 701 2% Bonds - 12/15 47</td><td>13 701</td><td>759</td><td>19,063</td><td>3% Conversion Bonds - 1/1 47 13 3-3/8% Bonds - 6/15 43-47 1,214 2-3/4% Bonds - 9/15 45-47 701</td><td>13 1,214 701</td><td>1,668</td><td>14,923</td></tr><tr><td>Total</td><td>714</td><td>759</td><td>19,063</td><td>Total</td><td>714</td><td>1,668</td><td>14,923</td></tr><tr><td>1948</td><td></td><td></td><td></td><td>1948</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 3/15 48-51 451 2-1/2% Bonds - 9/15 48 571 2% Bonds - 12/15 48-50</td><td>451 571</td><td>1,223</td><td>21,308</td><td>3% Bonds - 6/15 46-48 1,036 2-1/2% Bonds - 9/15 48 451</td><td>1,036 451</td><td>-</td><td>16,410</td></tr><tr><td>Total</td><td>451</td><td>1,794</td><td>21,308</td><td>Total</td><td>451</td><td>1,036</td><td>16,410</td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 12/15 49-53 1,786 3-1/8% Bonds - 12/15 49-52 491</td><td>1,786 491</td><td>-</td><td>23,585</td><td>3-1/8% Bonds - 6/15 46-49 819</td><td>-</td><td>819</td><td>17,229</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>23,585</td><td>Total</td><td>-</td><td>819</td><td>17,229</td></tr><tr><td>1950</td><td></td><td></td><td></td><td>1950</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15 50-52 1,186</td><td>1,186</td><td>-</td><td>24,771</td><td>2% Bonds - 12/15 48-50 571</td><td>-</td><td>571</td><td>17,800</td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>24,771</td><td>Total</td><td>-</td><td>571</td><td>17,800</td></tr><tr><td>1951</td><td></td><td></td><td></td><td>1951</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 6/15 51-54 1,627 3% Bonds - 9/15 51-55 755 2-1/4% Bonds - 12/15 51-53 1,118</td><td>1,627 755 1,118</td><td>-</td><td>28,271</td><td>2-3/4% Bonds - 3/15 48-51 1,223</td><td>-</td><td>1,223</td><td>19,023</td></tr><tr><td>Total</td><td>-</td><td>3,500</td><td>28,271</td><td>Total</td><td>-</td><td>1,223</td><td>19,023</td></tr></table>
(Continued on following page)
22
Maturity Schedule of the United States Government Interest-bearing Debt Outstanding
as of July 31, 1940 - (Continued)
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which fixed-maturity issues are due and callable issues are first callable</th><th colspan="4">Classified by year in which obligations mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1952</td><td>-</td><td>-</td><td>28,271</td><td>1952</td><td>2-1/2% Bonds - 9/15 50-52..</td><td>1,186</td><td>1,186</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>4-1/4% Bonds - 10/15 47-52..</td><td>759</td><td>759</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>3-1/2% Bonds - 12/15 49-52..</td><td>491</td><td>491</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,436</td><td>21,459</td></tr><tr><td>1953</td><td>-</td><td>-</td><td>28,271</td><td>1953</td><td>2-1/4% Bonds - 12/15 51-53..</td><td>1,118</td><td>1,118</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-1/2% Bonds - 12/15 49-53..</td><td>1,786</td><td>1,786</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,904</td><td>24,363</td></tr><tr><td>1954</td><td>2-1/4% Bonds - 6/15 54-56..</td><td>671</td><td>28,942</td><td>1954</td><td>2-3/4% Bonds - 6/15 51-54..</td><td>1,627</td><td>1,627</td><td></td></tr><tr><td>Total</td><td>-</td><td>671</td><td></td><td>4% Bonds - 12/15 44-54..</td><td>1,037</td><td>1,037</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,664</td><td>27,027</td></tr><tr><td>1955</td><td>2-7/8% Bonds - 3/15 55-60..</td><td>2,611</td><td>31,553</td><td>1955</td><td>3% Bonds - 9/15 51-55..</td><td>755</td><td>755</td><td></td></tr><tr><td>Total</td><td>-</td><td>2,611</td><td></td><td>Total</td><td>-</td><td>755</td><td>27,782</td></tr><tr><td>1956</td><td>2-3/4% Bonds - 9/15 56-59..</td><td>982</td><td>32,535</td><td>1956</td><td>3-3/4% Bonds - 3/15 46-56..</td><td>489</td><td>489</td><td></td></tr><tr><td>Total</td><td>-</td><td>982</td><td></td><td>2-1/4% Bonds - 6/15 54-56..</td><td>671</td><td>671</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,160</td><td>28,942</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>32,535</td><td>1957</td><td>-</td><td>-</td><td>28,942</td><td></td></tr><tr><td>1958</td><td>2-3/4% Bonds - 6/15 58-63..</td><td>919</td><td>33,454</td><td>1958</td><td>-</td><td>-</td><td>28,942</td><td></td></tr><tr><td>Total</td><td>-</td><td>919</td><td></td><td>Total</td><td>-</td><td>-</td><td>28,942</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>33,454</td><td>1959</td><td>2-3/4% Bonds - 9/15 56-59..</td><td>982</td><td>982</td><td></td></tr><tr><td>Total</td><td>-</td><td>-</td><td></td><td>Total</td><td>-</td><td>982</td><td>29,924</td></tr><tr><td>1960</td><td>2-3/4% Bonds - 12/15 60-65..</td><td>1,485</td><td>34,939</td><td>1960</td><td>2-7/8% Bonds - 3/15 55-60..</td><td>2,611</td><td>2,611</td><td></td></tr><tr><td>Total</td><td>-</td><td>1,485</td><td></td><td>Total</td><td>-</td><td>2,611</td><td>32,533</td></tr><tr><td>1961</td><td>3% Panama Canals - 6/1 61.....</td><td>50</td><td>34,989</td><td>1961</td><td>3% Panama Canals - 6/1 61.....</td><td>50</td><td>50</td><td></td></tr><tr><td>Total</td><td>-</td><td>50</td><td></td><td>Total</td><td>-</td><td>50</td><td>32,583</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>34,989</td><td>1962</td><td>-</td><td>-</td><td>32,583</td><td></td></tr><tr><td>1963</td><td>-</td><td>-</td><td>34,989</td><td>1963</td><td>2-3/4% Bonds - 6/15 58-63..</td><td>919</td><td>919</td><td></td></tr><tr><td>Total</td><td>-</td><td>-</td><td></td><td>Total</td><td>-</td><td>919</td><td>33,502</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>34,989</td><td>1964</td><td>-</td><td>-</td><td>33,502</td><td></td></tr><tr><td>1965</td><td>-</td><td>-</td><td>34,989</td><td>1965</td><td>2-3/4% Bonds - 12/15 60-65..</td><td>1,485</td><td>1,485</td><td></td></tr><tr><td>Total</td><td>-</td><td>-</td><td></td><td>Total</td><td>-</td><td>1,485</td><td>34,989</td></tr></table>
Notes: Figures in this table are rounded to nearest million and totals will not necessarily agree with other published figures.
1/ Includes: (1) Postal Savings bonds; (2) United States Savings bonds; (3) Adjusted Service bonds; (4) Special issues to Government agencies and trust funds.
23
Amount Outstanding, Computed Annual Interest Charge, and Computed Rate of Interest on the Interest-bearing Public Debt Outstanding
(On basis of daily Treasury statements, unrevised 1/
<table><tr><th>End of fiscal year or month</th><th>Interest-bearing debt outstanding 2/</th><th>Computed annual interest charge</th><th>Computed rate of interesti 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>2.583</td></tr><tr><td>1939-July</td><td>40,113,701,724</td><td>1,044,251,926</td><td>2.603</td></tr><tr><td>Aug.</td><td>40,351,348,487</td><td>1,050,844,300</td><td>2.604</td></tr><tr><td>Sept.</td><td>40,341,909,035</td><td>1,051,817,448</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>41,839,478,210</td><td>1,091,342,623</td><td>2.608</td></tr><tr><td>Mar.</td><td>41,983,313,887</td><td>1,090,454,902</td><td>2.597</td></tr><tr><td>Apr.</td><td>42,116,733,706</td><td>1,094,152,460</td><td>2.598</td></tr><tr><td>May</td><td>42,252,678,472</td><td>1,097,817,438</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><tr><td>July</td><td>43,186,483,544</td><td>1,114,872,891</td><td>2.582</td></tr></table>
Note: For monthly data back to June 1916, see annual reports of the Secretary of the Treasury for 1929, page 509; for 1936, page 442; and corresponding tables in subsequent reports. On basis of monthly public debt statements through June 30, 1937. "Interest-bearing debt" figures include discount on Treasury bills, the amount being deducted prior to calculating the average interest rate.
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-Dec.</td><td>2.41</td><td>2.88</td><td>.47</td></tr><tr><td>Feb.</td><td>2.44</td><td>2.90</td><td>.46</td><td>6.</td><td>2.37</td><td>2.84</td><td>.47</td></tr><tr><td>Mar.</td><td>2.34</td><td>2.87</td><td>.53</td><td>13.</td><td>2.32</td><td>2.85</td><td>.53</td></tr><tr><td>Apr.</td><td>2.30</td><td>2.92</td><td>.62</td><td>20.</td><td>2.30</td><td>2.83</td><td>.53</td></tr><tr><td>May.</td><td>2.17</td><td>2.86</td><td>.69</td><td>27.</td><td>2.29</td><td>2.82</td><td>.53</td></tr><tr><td>June.</td><td>2.13</td><td>2.78</td><td>.65</td><td>1940-Jan.</td><td>2.25</td><td>2.50</td><td>.52</td></tr><tr><td>July.</td><td>2.16</td><td>2.76</td><td>.60</td><td>3.</td><td>2.32</td><td>2.82</td><td>.50</td></tr><tr><td>Aug.</td><td>2.21</td><td>2.79</td><td>.58</td><td>10.</td><td>2.30</td><td>2.81</td><td>.51</td></tr><tr><td>Sept.</td><td>2.65</td><td>3.29</td><td>.64</td><td>17.</td><td>2.33</td><td>2.82</td><td>.49</td></tr><tr><td>Oct.</td><td>2.60</td><td>3.14</td><td>.54</td><td>24.</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>Nov.</td><td>2.46</td><td>2.93</td><td>.47</td><td>31.</td><td>2.32</td><td>2.78</td><td>.46</td></tr><tr><td>Dec.</td><td>2.35</td><td>2.86</td><td>.51</td><td>Feb.</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>1940-Jan.</td><td>2.30</td><td>2.81</td><td>.51</td><td>1.</td><td>2.33</td><td>2.80</td><td>.47</td></tr><tr><td>Feb.</td><td>2.32</td><td>2.79</td><td>.47</td><td>Mar.</td><td>2.28</td><td>2.79</td><td>.51</td></tr><tr><td>Mar.</td><td>2.25</td><td>2.77</td><td>.52</td><td>6.</td><td>2.25</td><td>2.77</td><td>.52</td></tr><tr><td>Apr.</td><td>2.25</td><td>2.74</td><td>.49</td><td>13.</td><td>2.26</td><td>2.75</td><td>.49</td></tr><tr><td>May.</td><td>2.38</td><td>2.87</td><td>.49</td><td>20.</td><td>2.23</td><td>2.75</td><td>.52</td></tr><tr><td>June.</td><td>2.39</td><td>2.93</td><td>.54</td><td>27.</td><td>2.23</td><td>2.75</td><td>.52</td></tr><tr><td>July.</td><td>2.28</td><td>2.85</td><td>.57</td><td>Apr.</td><td>2.19</td><td>2.72</td><td>.53</td></tr><tr><td>Weekly, Wednesday closing prices 3/:</td><td></td><td></td><td></td><td>3.</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>1939-July</td><td>2.20</td><td>2.76</td><td>.56</td><td>10.</td><td>2.26</td><td>2.78</td><td>.52</td></tr><tr><td>5.</td><td>2.16</td><td>2.76</td><td>.60</td><td>17.</td><td>2.28</td><td>2.76</td><td>.48</td></tr><tr><td>12.</td><td>2.17</td><td>2.75</td><td>.59</td><td>24.</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>19.</td><td>2.14</td><td>2.74</td><td>.60</td><td>May</td><td>2.26</td><td>2.71</td><td>.45</td></tr><tr><td>26.</td><td>2.14</td><td>2.73</td><td>.59</td><td>1.</td><td>2.41</td><td>2.92</td><td>.48</td></tr><tr><td>Aug.</td><td>2.17</td><td>2.74</td><td>.57</td><td>15.</td><td>2.46</td><td>2.98</td><td>.52</td></tr><tr><td>9.</td><td>2.17</td><td>2.75</td><td>.59</td><td>22.</td><td>2.47</td><td>2.99</td><td>.52</td></tr><tr><td>16.</td><td>2.17</td><td>2.76</td><td>.57</td><td>29.</td><td>2.49</td><td>2.98</td><td>.49</td></tr><tr><td>23.</td><td>2.24</td><td>2.81</td><td>.57</td><td>June</td><td>2.41</td><td>2.98</td><td>.57</td></tr><tr><td>30.</td><td>2.27</td><td>2.88</td><td>.61</td><td>5.</td><td>2.34</td><td>2.91</td><td>.57</td></tr><tr><td>Sept.</td><td>2.56</td><td>3.41</td><td>.85</td><td>12.</td><td>2.34</td><td>2.88</td><td>.54</td></tr><tr><td>6.</td><td>2.64</td><td>3.33</td><td>.69</td><td>19.</td><td>2.29</td><td>2.85</td><td>.56</td></tr><tr><td>13.</td><td>2.72</td><td>3.31</td><td>.59</td><td>July</td><td>2.30</td><td>2.86</td><td>.56</td></tr><tr><td>20.</td><td>2.74</td><td>3.29</td><td>.55</td><td>3.</td><td>2.28</td><td>2.85</td><td>.57</td></tr><tr><td>27.</td><td>2.74</td><td>3.29</td><td>.55</td><td>10.</td><td>2.26</td><td>2.85</td><td>.59</td></tr><tr><td>Oct.</td><td>2.72</td><td>3.23</td><td>.51</td><td>17.</td><td>2.24</td><td>2.83</td><td>.59</td></tr><tr><td>4.</td><td>2.66</td><td>3.20</td><td>.54</td><td>24.</td><td>2.24</td><td>2.81</td><td>.57</td></tr><tr><td>11.</td><td>2.52</td><td>3.11</td><td>.59</td><td>Aug.</td><td>2.28</td><td>2.82</td><td>.54</td></tr><tr><td>18.</td><td>2.49</td><td>3.06</td><td>.57</td><td>7.</td><td></td><td></td><td></td></tr><tr><td>25.</td><td>2.50</td><td>3.00</td><td>.50</td><td>14.</td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>2.50</td><td>2.95</td><td>.45</td><td></td><td></td><td></td><td></td></tr><tr><td>8.</td><td>2.47</td><td>2.94</td><td>.47</td><td></td><td></td><td></td><td></td></tr><tr><td>15.</td><td>2.39</td><td>2.91</td><td>.52</td><td></td><td></td><td></td><td></td></tr><tr><td>22.</td><td>2.36</td><td>2.50</td><td>.54</td><td></td><td></td><td></td><td></td></tr><tr><td>29.</td><td></td><td></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. Treasuries and Average of High-Grade Corporate Bonds
ASURY
Yields Based on Wednesday Quotations
* Break in line indicates change in composition of Long-term Treasury average
24
OF TREASURY
BONDS AND NOTES
AUG 15
1940
Based on Closing Prices
Note For callable bonds, yields are computed to the 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 for amounts shown in descriptions of issues are in millions. Issues for which an exchange offer has been made and has expired are excluded
25
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
— 26 —
27
Governmental Corporations and Credit Agencies of the United States: June 30, 1940
(Copiled from latest reports received from these agencies)
(In millions of dollars)
Proprietary Interest of the United States in Governmental Corporations and Lending Agencies: June 30, 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>1,652.9</td><td>1,100.2</td><td>225.6</td><td>-</td><td>337.1</td></tr><tr><td>Commodity Credit Corp.</td><td>672.8</td><td>407.6</td><td>140.2</td><td>-</td><td>125.0</td></tr><tr><td>Export-Import Bank of Washington</td><td>79.9</td><td>-</td><td>.4</td><td>-</td><td>79.5</td></tr><tr><td>Federal Crop Insurance Corp.</td><td>13.8</td><td>-</td><td>6.7</td><td>-</td><td>7.1</td></tr><tr><td>Federal Deposit Insurance Corp.</td><td>510.9</td><td>-</td><td>221.6</td><td>139.3</td><td>150.0</td></tr><tr><td>Tennessee Valley Authority</td><td>334.6</td><td>-</td><td>14.7</td><td>-</td><td>319.9</td></tr><tr><td>Public Works Administration</td><td>94.6</td><td>-</td><td>-</td><td>-</td><td>94.6</td></tr><tr><td>United States Maritime Commission</td><td>227.7</td><td>-</td><td>64.7</td><td>-</td><td>163.0</td></tr><tr><td>Rural Electrification Admin.</td><td>221.7</td><td>-</td><td>-</td><td>-</td><td>221.7</td></tr><tr><td>Home Owners' Loan Corp.</td><td>2,737.1</td><td>2,650.8</td><td>62.7</td><td>-</td><td>23.6</td></tr><tr><td>Federal Savings & Loan Insurance Corp.</td><td>124.9</td><td>-</td><td>1.3</td><td>-</td><td>123.6</td></tr><tr><td>Federal Home Loan Banks</td><td>260.1</td><td>-</td><td>82.4</td><td>52.9</td><td>124.8</td></tr><tr><td>Federal Housing Admin.</td><td>62.1</td><td>7.6</td><td>4.1</td><td>-</td><td>50.4</td></tr><tr><td>Federal National Mortgage Assn.</td><td>167.3</td><td>-</td><td>89.1</td><td>-</td><td>78.7</td></tr><tr><td>United States Housing Authority</td><td>277.7</td><td>114.8</td><td>4.7</td><td>-</td><td>158.2</td></tr><tr><td>Farm Credit Administration</td><td>284.7</td><td>-</td><td>192.8</td><td>-</td><td>91.9</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>1,516.1</td><td>1,279.4</td><td>36.7</td><td>-</td><td>200.0</td></tr><tr><td>Federal Land Banks</td><td>2,307.0</td><td>-</td><td>1,793.7</td><td>209.0</td><td>304.3</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>328.3</td><td>-</td><td>213.1</td><td>-</td><td>115.2</td></tr><tr><td>Banks for Cooperatives</td><td>176.9</td><td>-</td><td>2.8</td><td>3.7</td><td>170.4</td></tr><tr><td>Production Credit Corp.</td><td>122.5</td><td>-</td><td>.3</td><td>-</td><td>122.2</td></tr><tr><td>Regional Agricultural Credit Corps</td><td>22.1</td><td>-</td><td>2.2</td><td>-</td><td>19.9</td></tr><tr><td>War emergency corps. & agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Navv 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>1.8</td><td>-</td><td>-</td><td>-</td><td>1.8</td></tr><tr><td>United States Railroad Admin.</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>United States Spruce Production Corp.</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>.7</td></tr><tr><td>War Finance Corp.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Disaster Loan Corp.</td><td>22.7</td><td>-</td><td>.1</td><td>-</td><td>22.6</td></tr><tr><td>Electric Home and Farm Authority</td><td>14.2</td><td>-</td><td>13.1</td><td>-</td><td>1.1</td></tr><tr><td>Farm Security Administration</td><td>307.9</td><td>-</td><td>-</td><td>-</td><td>307.9</td></tr><tr><td>Federal Prison Industries, Inc.</td><td>8.6</td><td>-</td><td>.1</td><td>-</td><td>8.5</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.9</td><td>-</td><td>-</td><td>-</td><td>2.9</td></tr><tr><td>Inland Waterways Corp.</td><td>25.6</td><td>-</td><td>1.2</td><td>-</td><td>24.4</td></tr><tr><td>Penns. Railroad Co.</td><td>49.7</td><td>-</td><td>1.4</td><td>-</td><td>45.3</td></tr><tr><td>Puerto Rico Reconstruction Admin.</td><td>8.1</td><td>-</td><td>-</td><td>-</td><td>8.1</td></tr><tr><td>ERC Mortgage Company</td><td>61.3</td><td>-</td><td>1.6</td><td>-</td><td>60.2</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Treasury Department:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Savings & Loan Assn.</td><td>34.1</td><td>-</td><td>-</td><td>-</td><td>34.1</td></tr><tr><td>Railroad loans (Transportation Act, 1920)</td><td>30.2</td><td>-</td><td>-</td><td>-</td><td>30.2</td></tr><tr><td>Securities received by the Bureau of Internal Revenue in settlement of tax liabilities</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Securities received from the Reconstruction Finance Corp. under Act of Feb. 24, 1935</td><td>2.4</td><td>-</td><td>-</td><td>-</td><td>2.4</td></tr><tr><td>Total</td><td>12,782.2</td><td>5,560.4</td><td>3,177.4</td><td>404.9</td><td>3,639.5</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 Primary 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>165.2</td><td>335.12/</td><td>330.14/</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>4.5</td><td>-</td><td>79.5</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>76.53/</td><td>100.02/</td><td>23.54/</td></tr><tr><td>Federal Savings and Loan Insurance Corp.</td><td>100.0</td><td>23.6</td><td>-</td><td>123.6</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>137.2</td><td>-</td><td>138.24/</td></tr><tr><td>Federal Farm Mortgage Corp.</td><td>200.0</td><td>-</td><td>.1</td><td>200.1</td></tr><tr><td>Federal Land Banks</td><td>125.0</td><td>187.8</td><td>8.42/</td><td>304.4</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>70.0</td><td>50.5</td><td>5.32/</td><td>115.2</td></tr><tr><td>Banks for Cooperatives</td><td>149.0</td><td>16.1</td><td>5.7</td><td>170.4</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>15.0</td><td>-</td><td>20.0</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>Diameter Loan Corp.</td><td>24.0</td><td>1.143/</td><td>-</td><td>22.6</td></tr><tr><td>Electric Home and Farm Authority</td><td>.9</td><td>.2</td><td>-</td><td>1.1</td></tr><tr><td>Federal National Mortgage Assn.</td><td>10.0</td><td>5.5</td><td>63.2</td><td>78.7</td></tr><tr><td>Inland Waterways Corp.</td><td>12.0</td><td>12.4</td><td>-</td><td>24.4</td></tr><tr><td>Panama Railroad Company</td><td>7.0</td><td>142.3</td><td>1.02/</td><td>43.3</td></tr><tr><td>RFC Mortgage Company</td><td>25.0</td><td>.3</td><td>34.9</td><td>60.2</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>2,040.8</td><td>553.1</td><td>346.92/</td><td>2,247.0</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>267.64/</td></tr><tr><td>Public Works Admn.</td><td></td><td></td><td></td><td>94.6</td></tr><tr><td>U. S. Maritime Commission</td><td></td><td></td><td></td><td>163.0</td></tr><tr><td>Rural Electrification Admn.</td><td></td><td></td><td></td><td>221.7</td></tr><tr><td>Federal Housing Admn.</td><td></td><td></td><td></td><td>50.4</td></tr><tr><td>Farm Credit Admn.</td><td></td><td></td><td></td><td>91.9</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>307.9</td></tr><tr><td>Federal Prisons Industries, Inc. Interior Department (Indian loans)</td><td></td><td></td><td></td><td>8.5</td></tr><tr><td>Puerto Rico Reconstruction Admn.</td><td></td><td></td><td></td><td>2.9</td></tr><tr><td>Railroad Loans (Transportation Act, 1920)</td><td></td><td></td><td></td><td>8.1</td></tr><tr><td>Securities received from RFC (Act Feb. 24, 1938)</td><td></td><td></td><td></td><td>30.2</td></tr><tr><td>War Finance Corporation</td><td></td><td></td><td></td><td>2.4</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>1,254.1</td></tr><tr><td><b>Special Obligations Held by Treasury:</b></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Savings and Loan Assn.</td><td></td><td></td><td></td><td>34.1</td></tr><tr><td>Commodity Credit Corp.</td><td></td><td></td><td></td><td>25.0</td></tr><tr><td>U. S. Housing Authority</td><td></td><td></td><td></td><td>20.0</td></tr><tr><td>Tennessee Valley Authority</td><td></td><td></td><td></td><td>52.3</td></tr><tr><td>R.F.C.</td><td></td><td></td><td></td><td>7.0</td></tr><tr><td><b>Total</b></td><td></td><td></td><td></td><td>138.4</td></tr><tr><td><b>Grand Total</b></td><td></td><td></td><td></td><td>3,639.5</td></tr></table>
Note: Figures in this table are rounded to nearest tenth of million and will not necessarily add to totals. 1/ Excluding inter-agency transactions. 2/ Less than $100,000. 3/ Excess inter-agency assets (deficit). 4/ Deficit. 5/ Exclusive of special obligations held by the Treasury shown at end of statement.
28
Sources of Funds of Certain Governmental Corporations and Agencies for the 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, redisc- counts, and loans from other govern- mental corporations or agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obli- gations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation</td><td>-</td><td>-</td><td>$236,047,627</td><td>$276,668,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>$75,843,187</td><td>-</td><td>15,000,000</td><td>200,620,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$29,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>39,365,881</td><td>64,413,910</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>20,000,000</td><td>45,900,000</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>-</td><td>-</td><td>38,453,700</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>2,312,347</td><td>-</td><td>20,000,000</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>110,022,000</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>-</td><td>-</td><td>-</td><td>148,300</td></tr><tr><td>Disaster Loan Corporation</td><td>6,000,000 2/</td><td>1,231,508</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>3,076,913</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>35,087,729</td><td>-</td><td>-</td><td>-</td></tr><tr><td>EFC Mortgage Company</td><td>-</td><td>3,129,594</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>123,524,415</td><td>103,862,741</td><td>221,047,627</td><td>285,989,213</td><td>29,148,300</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$5,348,744</td><td>$307,545,252</td><td>$58,868,523</td><td>$8,760,217</td><td>$421,143,709</td></tr><tr><td>Commodity Credit Corporation</td><td>23,959,650</td><td>94,918,666</td><td>5,876,395</td><td>1,483,888</td><td>417,701,786</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>3,886,722</td><td>2,402,985</td><td>66,215</td><td>35,355,922</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>28,518,288</td><td>54,308,313</td><td>740,295</td><td>83,566,896</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,214,758</td><td>4,371,186</td><td>1,101</td><td>109,369,836</td></tr><tr><td>Home Owners' Loan Corporation</td><td>45,404,119</td><td>175,795,910</td><td>123,762,374</td><td>12,342,169</td><td>291,404,572</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>6,169,442</td><td>75,875</td><td>6,245,317</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>119,574,418</td><td>5,331,910</td><td>1,092,223</td><td>87,544,551</td></tr><tr><td>United States Housing Authority</td><td>785,098</td><td>177,372,762</td><td>6,639,566</td><td>26,798</td><td>207,136,571</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>4,471,070</td><td>65,049,403</td><td>61,912,889</td><td>884,570</td><td>22,295,932</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>25,869,045</td><td>1,333,387</td><td>35,661</td><td>27,386,993</td></tr><tr><td>Disaster Loan Corporation</td><td>28,244</td><td>1,902,030</td><td>328,976</td><td>15,511</td><td>9,506,269</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>6,800,419</td><td>1,040,940</td><td>59,750</td><td>10,978,022</td></tr><tr><td>Federal National Mortgage Association</td><td>11,689</td><td>10,499,861</td><td>6,985,404</td><td>970,005</td><td>53,554,748</td></tr><tr><td>RFC Mortgage Company</td><td>388,718</td><td>18,699,387</td><td>2,577,246</td><td>-</td><td>24,794,945</td></tr><tr><td>Total</td><td>80,397,332</td><td>1,037,647,521</td><td>341,909,596</td><td>26,554,578</td><td>1,807,986,369</td></tr></table>
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such moneys being included.
3/ Receipts from the sale of property in liquidation of loans are shown as "Sales of Other Property Acquired". Excess of retirements; deduct.
29
Uses of Funds of Certain Governmental Corporations and Agencies for the Fiscal Year 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>Reconstructive Finance Corporation</td><td>$9,155,308</td><td>$1,057,392</td><td>-</td><td>$295,314,410</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>4,705,669</td><td>-</td><td>$47,566,334</td><td>346,088,170</td><td>-</td></tr><tr><td>Export-import Bank of Washington</td><td>72,359</td><td>2,631</td><td>-</td><td>25,245,306</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>3,388,781</td><td>-</td><td>-</td><td>75,342,406</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,672,317</td><td>-</td><td>-</td><td>98,949,463</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>23,370,103</td><td>35,449,299</td><td>21,688,742</td><td>70,386,724</td><td>$248,596,125</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>246,939</td><td>7,491</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>1,273,578</td><td>-</td><td>-</td><td>108,009,901</td><td>-</td></tr><tr><td>United States Honeolog Authority</td><td>5,394,361</td><td>1,603,369</td><td>472,225</td><td>196,389,137</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>8,695,939</td><td>1,590,739</td><td>3,513,376</td><td>27,447,096</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>119,982</td><td>-</td><td>-</td><td>26,885,230</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>758,897</td><td>20,484</td><td>-</td><td>8,726,888</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>455,917</td><td>243,976</td><td>-</td><td>10,178,107</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>857,503</td><td>933,773</td><td>-</td><td>49,293,285</td><td>-</td></tr><tr><td>HFC Mortgage Company</td><td>678,468</td><td>1,179,156</td><td>-</td><td>21,433,898</td><td>-</td></tr><tr><td>Total</td><td>61,846,121</td><td>42,088,310</td><td>73,240,677</td><td>1,359,690,021</td><td>248,596,125</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, needs of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$29,000,000</td><td>$62,287,010</td><td>$10,553,640</td><td>$10,060,565</td><td>$417,428,325</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>4,338,218</td><td>2,269,207</td><td>13,081,224</td><td>418,048,822</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>9,850,000</td><td>-</td><td>79,610</td><td>35,249,906</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>5,041,979</td><td>-</td><td>-</td><td>234,798</td><td>84,007,964</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,215,960</td><td>180,167</td><td>103,017,907</td></tr><tr><td>Home Owners' Loan Corporation</td><td>9,834,675</td><td>-</td><td>59,692,963</td><td>-</td><td>449,349,281</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>4,949,972</td><td>-</td><td>723,377 2/3</td><td>23,462</td><td>5,951,241</td></tr><tr><td>Federal Home Loan Banks</td><td>5,868,762</td><td>-</td><td>3,425,331</td><td>63,487</td><td>118,641,059</td></tr><tr><td>United States Housing Authority</td><td>2,100,000</td><td>-</td><td>1,664,443</td><td>-</td><td>207,623,535</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>17,030,000</td><td>-</td><td>38,953,003</td><td>3,125,990</td><td>66,296,143</td></tr><tr><td>Central Bank for Cooperatives</td><td>6,656,540</td><td>3,852,204</td><td>49,523</td><td>118,276</td><td>24,368,675</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,506,269</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>85,773</td><td>3,123</td><td>10,966,896</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>2,427,917</td><td>42,270</td><td>53,554,748</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>1,180,157</td><td>328,566</td><td>24,800,245</td></tr><tr><td>Total</td><td>13,439,498</td><td>80,327,432</td><td>122,241,294</td><td>27,341,538</td><td>2,028,811,016</td></tr></table>
1/ Receipts received in payment of mortgages appear under "Repayment of Loans" in the statement of sources of funds.
2/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
* Excess of sales over purchases; deduct.
30
Sources of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to June 30, 1940
(Copiled from latest reports received by the Treasury)
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, redel- ocasts, and loans from other govern- mental corporations or agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obli- gations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$500,000,000</td><td>-</td><td>$7,000,000</td><td>$1,096,357,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>270,128,592 2/</td><td>-</td><td>25,000,000</td><td>$406,794,000</td><td>-</td></tr><tr><td>Import-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>108,505,513</td><td>$128,261,484</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000 3/</td><td>-</td><td>-</td><td>3,114,453,550 3/</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 3/</td><td>-</td><td>-</td><td>91,132,475</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>32,668,569</td><td>-</td><td>20,000,000</td><td>114,157,000</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>200,000,000 3/</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>1,395,822</td><td>-</td><td>-</td><td>519,300</td></tr><tr><td>Disaster Loan Corporation</td><td>24,000,000 3/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,000,000</td><td>-</td><td>-</td><td>11,158,535</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>59,987,733</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>FJC Mortgage Company</td><td>-</td><td>32,904,230</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Total</td><td>1,662,043,674</td><td>222,629,269</td><td>52,000,000</td><td>6,188,680,460</td><td>349,818,857</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 5/</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</td><td>$18,627,353</td><td>$4,985,404,617</td><td>$553,637,046</td><td>$68,142,303</td><td>$7,229,168,319</td></tr><tr><td>Commodity Credit Corporation</td><td>31,656,895</td><td>663,443,792</td><td>15,385,208</td><td>2,006,443</td><td>1,414,414,935</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>35,858,431</td><td>6,330,372</td><td>707,119</td><td>117,895,922</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>45,996,558</td><td>243,128,547</td><td>3,946,454</td><td>562,371,116</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,648,517</td><td>5,692,868</td><td>526</td><td>244,108,908</td></tr><tr><td>Home Owners' Loan Corporation</td><td>87,010,903</td><td>776,797,947</td><td>763,533,727</td><td>15,109,979</td><td>4,956,906,106</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>29,161,121</td><td>120,349</td><td>129,281,470</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>473,636,245</td><td>35,002,589</td><td>34,970,934</td><td>759,483,243</td></tr><tr><td>United States Housing Authority</td><td>785,098</td><td>178,170,061</td><td>12,361,699</td><td>177,523</td><td>358,319,950</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>9,166,824</td><td>246,384,665</td><td>369,818,343</td><td>9,178,329</td><td>2,103,936,061</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>190,385,876</td><td>9,712,491</td><td>2,341,306</td><td>254,354,785</td></tr><tr><td>Disaster Loan Corporation</td><td>39,481</td><td>4,287,257</td><td>586,423</td><td>65,006</td><td>28,978,167</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>15,045,007</td><td>2,583,688</td><td>240,902</td><td>30,028,132</td></tr><tr><td>Federal National Mortgage Association</td><td>11,689</td><td>15,214,707</td><td>10,746,432</td><td>3,208,270</td><td>187,408,831</td></tr><tr><td>IFC Mortgage Company</td><td>391,521</td><td>97,510,266</td><td>9,516,373</td><td>2,817,679</td><td>168,220,069</td></tr><tr><td>Total</td><td>147,689,764</td><td>7,729,783,946</td><td>2,067,196,917</td><td>143,033,127</td><td>18,562,876,014</td></tr></table>
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2/ Includes $3,000,000 S.I.R.A.; $97,000,000 R.P.C. included in notes canceled by the Treasury (see footnote 3); and $170,128,591.77 restoration of Capital Impairment, which is not a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
1/ These funds were furnished by the Reconstitution 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.
1/ Retirement of these obligations shown as "Retirement of Obligations Issued in Exchange for Mortgages" in the statement of uses of funds.
5/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of Other Property Acquired".
31
Uses of Funds of Certain Governmental Corporations and Agencies from Inception of Organization to June 30, 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</td><td>$74,082,107</td><td>$6,512,388</td><td>-</td><td>$6,600,193,017</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>8,863,166</td><td>-</td><td>$50,448,844</td><td>1,310,103,900</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>374,616</td><td>2,838</td><td>-</td><td>87,680,502</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>19,956,524</td><td>-</td><td>-</td><td>153,528,177</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>8,277,681</td><td>-</td><td>-</td><td>221,287,287</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>197,830,778</td><td>93,282,792</td><td>123,860,182</td><td>3,243,272,446</td><td>$479,644,650</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,023,300</td><td>17,718</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>8,432,534</td><td>-</td><td>-</td><td>631,033,292</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>10,161,931</td><td>4,275,359</td><td>26,123,264</td><td>255,339,264</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>62,388,688</td><td>3,421,406</td><td>10,183,811</td><td>993,083,331</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>733,860</td><td>-</td><td>-</td><td>204,331,427</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,210,740</td><td>93,703</td><td>-</td><td>26,023,209</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,442,521</td><td>572,939</td><td>-</td><td>27,258,785</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>1,542,472</td><td>1,390,036</td><td>-</td><td>179,252,042</td><td>-</td></tr><tr><td>IBC Mortgage Company</td><td>3,563,117</td><td>3,200,928</td><td>-</td><td>157,674,799</td><td>-</td></tr><tr><td>Total</td><td>400,834,035</td><td>112,770,107</td><td>210,616,101</td><td>14,090,061,478</td><td>479,644,650</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 2/</th><th>Allocations, redicounts, and loans to other governmental corporations or agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, use of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$110,000,000</td><td>$187,264,894</td><td>$232,334,634</td><td>$14,445,440</td><td>$7,224,832,480</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>10,825,436</td><td>19,331,558</td><td>13,589,432</td><td>1,413,162,386</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>26,150,000</td><td>2,262,329</td><td>543,801</td><td>117,014,056</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>348,537,836</td><td>-</td><td>41,431,172 3/</td><td>787,546</td><td>504,241,255</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,763,673</td><td>363,953</td><td>231,692,594</td></tr><tr><td>Home Owners' Loan Corporation</td><td>306,624,285</td><td>-</td><td>421,902,832</td><td>7,979,514</td><td>4,874,397,479</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>122,859,111</td><td>-</td><td>4,144,774 3/</td><td>612,206</td><td>128,667,109</td></tr><tr><td>Federal Home Loan Banks</td><td>54,856,104</td><td>-</td><td>17,842,307</td><td>209,419</td><td>712,373,656</td></tr><tr><td>United States Housing Authority</td><td>3,800,000</td><td>-</td><td>1,722,908</td><td>60,858</td><td>301,483,584</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>761,924,640</td><td>-</td><td>230,815,232</td><td>14,116,787</td><td>2,075,934,095</td></tr><tr><td>Central Bank for Cooperatives</td><td>38,853,460</td><td>-</td><td>472,819</td><td>3,176,395</td><td>247,567,961</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>649,456</td><td>-</td><td>59</td><td>28,977,167</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>205,504</td><td>186,819</td><td>29,666,568</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>3,152,858</td><td>71,413</td><td>185,408,831</td></tr><tr><td>FPC Mortgage Company</td><td>-</td><td>-</td><td>3,735,308</td><td>44,766</td><td>168,218,918</td></tr><tr><td>Total</td><td>1,747,465,636</td><td>224,889,836</td><td>981,117,918</td><td>56,188,408</td><td>18,303,638,169</td></tr></table>
1/ Receipts received in payment of mortgages appear under "Repayment of Loans" in the statement of sources of funds.
2/ Includes U. S. Government Bonds in the amount of $356,548,154 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; Central Bank for Cooperatives, $24,065,000; Federal Home Loan Banks, $35,370,959; and Home Owners' Loan Corporation, $3,600,000.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
32
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>2,047.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,604.6</td><td>-</td><td>1,422.2</td><td>.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>298.9</td><td>-</td></tr><tr><td>1939</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>819.7</td><td>114.2</td></tr><tr><td>1940</td><td>5,529.1</td><td>406.8</td><td>1,269.7</td><td>7.5</td><td>2,634.5</td><td>1,096.4</td><td>114.2</td></tr><tr><td>1939-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>2,630.4</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>2,622.7</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>406.2</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>5,535.2</td><td>406.8</td><td>1,269.7</td><td>7.2</td><td>2,840.9</td><td>1,096.4</td><td>114.2</td></tr><tr><td>June</td><td>5,529.1</td><td>406.8</td><td>1,269.7</td><td>7.5</td><td>2,634.5</td><td>1,096.4</td><td>114.2</td></tr></table>
Preliminary. 1/ Exclusive of obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><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>For Cash</th><th colspan="5">New securities allotted</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th>Date of issue</th><th>Rate per cent</th><th>Call or maturity date</th></tr><tr><td>Commodity Credit Corporation.....</td><td>May 2, 1938</td><td>3/4</td><td>1 yr. 6 mos.</td><td>Nov. 2, 1939</td><td>-</td><td>206</td><td>1,839</td><td>148</td><td>-</td><td>58</td><td>Aug. 2, 1937**</td><td>1</td><td>May 2, 1938</td></tr><tr><td></td><td>Aug. 1, 1939</td><td>5/8</td><td>2 years</td><td>Aug. 1, 1941</td><td>-</td><td>203</td><td>2,853</td><td>203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 2, 1939</td><td>1</td><td>2 years 13 days</td><td>Nov. 15, 1941</td><td>-</td><td>204</td><td>-</td><td>-</td><td>-</td><td>204</td><td>May 2, 1938</td><td>3/4</td><td>Nov. 2, 1939</td></tr><tr><td></td><td>Aug. 1, 1940</td><td>3/4</td><td>2 years 9 mos.</td><td>May 1, 1943</td><td>-</td><td>289</td><td>3,185</td><td>289</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.....</td><td>July 25, 1934* (Add. 5/15/34)**</td><td>3</td><td>10 - 15 years</td><td>May 15, 1944 May 15, 1949</td><td>100 1/2</td><td>-</td><td>195</td><td>100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Sept. 3, 1935*</td><td>1-1/2</td><td>4 years</td><td>Sept. 1, 1939</td><td>85</td><td>-</td><td>86</td><td>65</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.....</td><td>Aug. 15, 1934* 1-1/2</td><td>2 years</td><td>Aug. 15, 1936</td><td>50</td><td>-</td><td>124</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934* 1-3/4</td><td>3 years</td><td>Aug. 15, 1937</td><td>50</td><td>-</td><td>48</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934* 2</td><td>4 years</td><td>Aug. 15, 1938</td><td>50</td><td>-</td><td>60</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>June 1, 1935 1-1/2</td><td>4 years</td><td>June 1, 1939</td><td>325 2/3</td><td>-</td><td>-</td><td>80</td><td>245</td><td>-</td><td>July 1, 1933**</td><td>4</td><td>July 1, 1935</td></tr><tr><td></td><td>May 15, 1939 3/8</td><td>1 year</td><td>May 15, 1940</td><td>128</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>May 15, 1939 5/8</td><td>2 years</td><td>May 15, 1941</td><td>192</td><td>-</td><td>-</td><td>-</td><td>192</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>June 1, 1939 1-1/2</td><td>6 - 8 years</td><td>June 1, 1945 June 1, 1947</td><td>764 1/3</td><td>-</td><td>-</td><td>77</td><td>681</td><td>-</td><td>Aug. 1, 1934**</td><td>2-3/4</td><td>Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.....</td><td>July 20, 1938</td><td>7/8</td><td>3 years</td><td>July 20, 1941</td><td>-</td><td>211</td><td>2,627</td><td>211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1938</td><td>7/8</td><td>3 years</td><td>Nov. 1, 1941</td><td>-</td><td>297</td><td>-</td><td>-</td><td>-</td><td>297 1/3</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td></td><td>Feb. 15, 1939</td><td>7/8</td><td>2 years 11 mos.</td><td>Jan. 15, 1942</td><td>310</td><td>-</td><td>2,567</td><td>310</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 10, 1939</td><td>1</td><td>2 years 7 mos.</td><td>July 1, 1942</td><td>-</td><td>276</td><td>3,619</td><td>276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>U. S. Housing Authority.....</td><td>Feb. 1, 1939</td><td>1-3/8</td><td>5 years</td><td>Feb. 1, 1944</td><td>-</td><td>114</td><td>2,774</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
* Sold on a bid basis.
** Original issue sold by agency.
1/ Total amount of this issue outstanding June 30, 1939, was $835,085,600.
2/ Original issue of $245,254,750 increased by sales on the market of $50,000,000, proceeds of which were used to retire the called bonds.
3/ Original issue of $687,266,600 increased by sales on the market of $76,350,000, proceeds of which were used to retire the called bonds.
4/ In view of the fact that the new 7/8% notes offered for sale were limited to the amount of 1-1/4% notes maturing December 15, 1938, tendered for purchase, this transaction is in effect an exchange offering and is so shown in this statement.
33
Maturity Schedule of Securities Guaranteed by the United States as of July 31, 1940
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which fixed-maturity issues are due and callable issues are first callable</th><th colspan="4">Classified by year in which obligations mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1940</td><td>-</td><td>-</td><td>-</td><td>1940</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>5/8% HCLC Bonds L - 5/15 41......</td><td>191</td><td></td><td></td><td>5/8% HCLC Bonds L - 5/15 41......</td><td>191</td><td></td><td></td></tr><tr><td>7/8% EPC Notes B - 7/20 41......</td><td>211</td><td></td><td></td><td>7/8% EPC Notes B - 7/20 41......</td><td>211</td><td></td><td></td></tr><tr><td>5/8% CCC Notes D - 5/1 41......</td><td>203</td><td></td><td></td><td>5/8% CCC Notes D - 5/1 41......</td><td>203</td><td></td><td></td></tr><tr><td>7/8% RPO Notes P - 11/1 41......</td><td>299</td><td></td><td></td><td>7/8% RPO Notes P - 11/1 41......</td><td>299</td><td></td><td></td></tr><tr><td>1% CCC Notes B - 11/15 41......</td><td>204</td><td></td><td></td><td>1% CCC Notes B - 11/15 41......</td><td>204</td><td></td><td></td></tr><tr><td>Total....................</td><td>1,108</td><td>-</td><td>1,108</td><td>Total....................</td><td>1,108</td><td>-</td><td>1,108</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>7/8% EPC Notes B - 1/15 42......</td><td>310</td><td></td><td></td><td>7/8% EPC Notes B - 1/15 42......</td><td>310</td><td></td><td></td></tr><tr><td>3% FPMO Bonds - 1/15 42-47......</td><td></td><td>236</td><td></td><td>1% RPO Notes B - 7/1 42......</td><td>276</td><td></td><td></td></tr><tr><td>2-3/4% FPMO Bonds - 3/1 42-47......</td><td></td><td>103</td><td></td><td>Total....................</td><td>586</td><td>-</td><td>1,694</td></tr><tr><td>1% EPC Notes B - 7/1 42-47......</td><td>276</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4% HCLC Bonds B - 7/1 42-47......</td><td></td><td>879</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total....................</td><td>586</td><td>1,218</td><td>2,912</td><td></td><td></td><td></td><td></td></tr><tr><td>1943</td><td>-</td><td>-</td><td>2,912</td><td>1943</td><td>-</td><td>-</td><td>1,694</td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1-3/8% UHIA Notes B - 2/1 44......</td><td>114</td><td></td><td></td><td>1-3/8% UHIA Notes B - 2/1 44......</td><td>114</td><td></td><td></td></tr><tr><td>3-1/4% FPMO Bonds - 3/15 44-64......</td><td></td><td>95</td><td></td><td>2-1/4% HCLC Bonds B - 7/1 42-47......</td><td></td><td>879</td><td></td></tr><tr><td>3% EOLC Bonds A - 5/1 44-52......</td><td></td><td>779</td><td></td><td>Total....................</td><td>114</td><td>879</td><td>2,687</td></tr><tr><td>3% FPMO Bonds - 5/15 44-49......</td><td></td><td>835</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total....................</td><td>114</td><td>1,709</td><td>4,735</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td>-</td><td>-</td><td>2,687</td></tr><tr><td>1-1/2% EOLC Bonds W - 6/1 45-47......</td><td></td><td>755</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total....................</td><td>-</td><td>755</td><td>5,490</td><td></td><td></td><td></td><td></td></tr><tr><td>1946</td><td>-</td><td>-</td><td>5,490</td><td>1946</td><td>-</td><td>-</td><td>2,687</td></tr><tr><td>1947</td><td>-</td><td>-</td><td>5,490</td><td>1947</td><td>-</td><td>-</td><td>2,687</td></tr><tr><td>1948</td><td>-</td><td>-</td><td>5,490</td><td>1948</td><td>-</td><td>-</td><td>3,781</td></tr><tr><td>1949</td><td>-</td><td>-</td><td>5,490</td><td>1949</td><td>-</td><td>-</td><td>3,781</td></tr><tr><td>1950-51</td><td>-</td><td>-</td><td>5,490</td><td>1950-51</td><td>-</td><td>-</td><td>4,616</td></tr><tr><td>1952</td><td>-</td><td>-</td><td>5,490</td><td>1952</td><td>-</td><td>-</td><td>4,616</td></tr><tr><td>1953-63</td><td>-</td><td>-</td><td>5,490</td><td>1953-63</td><td>-</td><td>-</td><td>5,393</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>5,490</td><td>1964</td><td>-</td><td>-</td><td>5,393</td></tr><tr><td></td><td></td><td></td><td></td><td>3-1/4% FPMO Bonds - 3/15 44-64......</td><td></td><td>95</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total....................</td><td>-</td><td>95</td><td>5,490</td></tr></table>
Note: Figures in this table are rounded to nearest million and totals will not necessarily agree with other published figures. The securities referred to are those of the following corporations: Home Owners' Loan Corporation, Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Farm Mortgage Corporation, and United States Housing Authority. 1/ Excludes (1) FHA debentures; (2) securities issued on the credit of the United States.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
--34--
35
Net Capital Movement between the United States and Foreign Countries 1935 through May 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>Nother-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>1,412,466</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</td><td>1,200,598</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>1,195,922</td><td>274,401</td><td>89,295</td><td>46,521</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>801,915</td><td>164,382</td><td>-17,836</td><td>40,766</td><td>-23,478</td><td>82,216</td><td>271,214</td><td>83,763</td><td>601,727</td><td>244,213</td><td>209,367</td><td>40,541</td><td>-5,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>368,902</td><td>192,335</td><td>57,812</td><td>16,825</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,531</td><td>368,655</td><td>50,901</td><td>-21,075</td><td>-67,743</td><td>18,164</td></tr><tr><td>Dec. 28, 1938-Jan. 2, 1940...</td><td>1,101,868</td><td>-24,802</td><td>129,809</td><td>25,193</td><td>25,031</td><td>145,672</td><td>218,960</td><td>289,129</td><td>748,388</td><td>72,260</td><td>93,851</td><td>134,042</td><td>53,294</td></tr><tr><td>Jan. 3, 1940-May 29, 1940...</td><td>195,356</td><td>-125,942</td><td>26,068</td><td>5,625</td><td>20,234</td><td>1,670</td><td>73,366</td><td>121,123</td><td>127,604</td><td>-13,553</td><td>75,039</td><td>21,065</td><td>-14,799</td></tr><tr><td>Total</td><td>5,075,446</td><td>975,709</td><td>494,789</td><td>171,535</td><td>78,327</td><td>471,937</td><td>851,319</td><td>874,070</td><td>3,917,686</td><td>215,859</td><td>558,423</td><td>311,925</td><td>72,553</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-May 8...</td><td>8,838</td><td>16,814</td><td>-6,066</td><td>483</td><td>-4,522</td><td>-2,231</td><td>3,232</td><td>1,380</td><td>9,076</td><td>-7,711</td><td>5,011</td><td>7,251</td><td>-4,789</td></tr><tr><td>May 15...</td><td>7,138</td><td>17,846</td><td>3,337</td><td>1,563</td><td>2,804</td><td>-2,666</td><td>-16,285</td><td>-1,081</td><td>5,512</td><td>5,922</td><td>4,900</td><td>-7,938</td><td>-1,258</td></tr><tr><td>May 22...</td><td>58,579</td><td>824</td><td>45,010</td><td>942</td><td>-1,032</td><td>-2,679</td><td>-12,205</td><td>3,812</td><td>34,592</td><td>3,837</td><td>12,318</td><td>2,602</td><td>5,230</td></tr><tr><td>May 29...</td><td>-47,448</td><td>-6,018</td><td>-8,989</td><td>494</td><td>-4,422</td><td>-2,934</td><td>-5,161</td><td>4,001</td><td>-23,069</td><td>-12,799</td><td>-3,025</td><td>-10,198</td><td>1,643</td></tr><tr><td>Total</td><td>27,107</td><td>29,466</td><td>33,872</td><td>3,442</td><td>-7,172</td><td>-10,510</td><td>-30,493</td><td>8,106</td><td>26,111</td><td>-10,751</td><td>19,204</td><td>-8,283</td><td>826</td></tr><tr><td><b>MOVEMENTS IN SHORT-TERM RANKING 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>964,629</td><td>357,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,352</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,294</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, 1936-Dec. 29, 1937...</td><td>255,594</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,03</td><td>-11,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>293,215</td><td>174,438</td><td>47,832</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>13,205</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>1,061,443</td><td>57,159</td><td>105,037</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>65,996</td><td>127,202</td><td>46,531</td></tr><tr><td>Jan. 3, 1940-May 29, 1940...</td><td>152,032</td><td>-83,922</td><td>27,925</td><td>6,463</td><td>19,938</td><td>-4,032</td><td>37,444</td><td>109,186</td><td>113,002</td><td>-25,634</td><td>66,456</td><td>11,824</td><td>-13,616</td></tr><tr><td>Total</td><td>3,124,255</td><td>544,377</td><td>357,841</td><td>164,130</td><td>55,140</td><td>199,791</td><td>402,993</td><td>607,645</td><td>2,331,917</td><td>205,324</td><td>334,155</td><td>206,700</td><td>46,099</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-May 8...</td><td>7,889</td><td>18,423</td><td>-6,681</td><td>584</td><td>-4,563</td><td>-2,543</td><td>2,434</td><td>942</td><td>8,596</td><td>-7,504</td><td>4,324</td><td>7,543</td><td>-5,070</td></tr><tr><td>May 15...</td><td>5,010</td><td>18,728</td><td>3,552</td><td>1,531</td><td>2,618</td><td>-2,524</td><td>-15,672</td><td>-1,358</td><td>6,875</td><td>4,289</td><td>1,158</td><td>-8,001</td><td>689</td></tr><tr><td>May 22...</td><td>58,664</td><td>1,682</td><td>45,357</td><td>901</td><td>-1,011</td><td>-2,085</td><td>-13,423</td><td>3,289</td><td>34,752</td><td>2,551</td><td>11,375</td><td>4,716</td><td>5,280</td></tr><tr><td>May 29...</td><td>-40,149</td><td>-4,258</td><td>-9,377</td><td>463</td><td>-4,471</td><td>-2,657</td><td>-5,898</td><td>4,373</td><td>-22,025</td><td>-8,364</td><td>-3,300</td><td>-8,092</td><td>1,632</td></tr><tr><td>Total</td><td>31,414</td><td>34,575</td><td>32,891</td><td>3,481</td><td>-7,427</td><td>-10,009</td><td>-32,559</td><td>7,246</td><td>28,198</td><td>-8,998</td><td>13,517</td><td>-3,834</td><td>2,531</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>-881</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>6,811</td><td>4,016</td><td>7,977</td><td>-510</td><td>131</td><td>-2,195</td><td>6,656</td><td>-1,070</td><td>15,005</td><td>-3,086</td><td>-5,182</td><td>-788</td><td>662</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>34</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>32,950</td><td>6,121</td><td>7,522</td><td>63</td><td>-69</td><td>2,533</td><td>8,933</td><td>-277</td><td>24,826</td><td>6,070</td><td>2,558</td><td>-2,321</td><td>1,857</td></tr><tr><td>Jan. 3, 1940-May 29, 1940...</td><td>14,549</td><td>-1,811</td><td>-1,748</td><td>74</td><td>22</td><td>1,173</td><td>709</td><td>2,061</td><td>480</td><td>1,655</td><td>4,689</td><td>9,151</td><td>-1,426</td></tr><tr><td>Total</td><td>95,110</td><td>17,555</td><td>18,352</td><td>-47</td><td>156</td><td>10,487</td><td>18,473</td><td>7,078</td><td>72,054</td><td>10,312</td><td>6,299</td><td>5,799</td><td>646</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-May 8...</td><td>194</td><td>-283</td><td>463</td><td>-66</td><td>31</td><td>226</td><td>-399</td><td>91</td><td>29</td><td>-146</td><td>115</td><td>21</td><td>175</td></tr><tr><td>May 15...</td><td>-516</td><td>489</td><td>-382</td><td>27</td><td>-1</td><td>190</td><td>-2,001</td><td>-137</td><td>-1,815</td><td>-983</td><td>3,478</td><td>144</td><td>-1,340</td></tr><tr><td>May 22...</td><td>6,192</td><td>-886</td><td>29</td><td>38</td><td>-39</td><td>-80</td><td>-730</td><td>1,774</td><td>106</td><td>1,350</td><td>2,352</td><td>2,365</td><td>19</td></tr><tr><td>May 29...</td><td>905</td><td>-113</td><td>637</td><td>-20</td><td>12</td><td>2</td><td>284</td><td>-520</td><td>282</td><td>-317</td><td>675</td><td>270</td><td>-5</td></tr><tr><td>Total</td><td>6,775</td><td>-793</td><td>713</td><td>-21</td><td>3</td><td>338</td><td>-2,846</td><td>1,208</td><td>-1,398</td><td>-96</td><td>6,620</td><td>2,800</td><td>-1,151</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, 1936-Dec. 30, 1936...</td><td>600,693</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>521,713</td><td>29,240</td><td>11,241</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>244,626</td><td>81,024</td><td>5,580</td><td>-9,365</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,697</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>48,895</td><td>23,869</td><td>6,168</td><td>-5,262</td><td>-568</td><td>-900</td><td>26,487</td><td>856</td><td>50,650</td><td>-9,845</td><td>5,204</td><td>1,696</td><td>1,190</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>-108,257</td><td>-214,530</td><td>85</td><td>-5,532</td><td>500</td><td>14,805</td><td>42,919</td><td>3,843</td><td>-87,910</td><td>-30,423</td><td>6,680</td><td>136</td><td>3,260</td></tr><tr><td>Jan. 3, 1940-May 29, 1940...</td><td>-21,090</td><td>-46,714</td><td>-824</td><td>499</td><td>194</td><td>2,903</td><td>36,208</td><td>4,377</td><td>-4,355</td><td>-9,823</td><td>-2,774</td><td>-3,236</td><td>-902</td></tr><tr><td>Total</td><td>1,081,527</td><td>281,344</td><td>75,755</td><td>-28,713</td><td>-4,734</td><td>230,650</td><td>380,875</td><td>64,823</td><td>1,000,000</td><td>-12,447</td><td>27,341</td><td>53,273</td><td>13,360</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-May 8...</td><td>-1,273</td><td>-1,522</td><td>145</td><td>-4</td><td>45</td><td>143</td><td>1,151</td><td>30</td><td>-14</td><td>-1,078</td><td>327</td><td>-444</td><td>-64</td></tr><tr><td>May 15...</td><td>1,027</td><td>-1,493</td><td>128</td><td>-1</td><td>111</td><td>-277</td><td>1,872</td><td>315</td><td>655</td><td>1,469</td><td>-105</td><td>-321</td><td>-671</td></tr><tr><td>May 22...</td><td>-6,426</td><td>-57</td><td>-436</td><td>19</td><td>-24</td><td>-508</td><td>2,402</td><td>-1,277</td><td>119</td><td>-135</td><td>-1,682</td><td>-4,618</td><td>-110</td></tr><tr><td>May 29...</td><td>-8,817</td><td>-1,683</td><td>-235</td><td>2</td><td>7</td><td>-62</td><td>483</td><td>104</td><td>-1,324</td><td>-4,215</td><td>-730</td><td>-2,465</td><td>-23</td></tr><tr><td>Total</td><td>-15,489</td><td>-4,755</td><td>-400</td><td>16</td><td>139</td><td>-704</td><td>5,908</td><td>-828</td><td>-624</td><td>-3,959</td><td>-2,190</td><td>-7,848</td><td>-868</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
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 193
36
37
Short-Term Foreign Liabilities as Reported by Banks and Bankers
in the United States for May 1940
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europes</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>May 8.</td><td>3,079,952</td><td>342,777</td><td>280,700</td><td>182,201</td><td>22,284</td><td>27,429</td><td>8,309</td><td>66,266</td><td>211,360</td><td>66,691</td><td>157,176</td><td>449,351</td><td>160,342</td><td>1,974,886</td><td>243,157</td></tr><tr><td>May 15.</td><td>3,074,600</td><td>360,277</td><td>283,613</td><td>176,291</td><td>21,937</td><td>27,558</td><td>9,731</td><td>70,269</td><td>204,248</td><td>66,368</td><td>156,596</td><td>433,579</td><td>163,731</td><td>1,976,198</td><td>249,299</td></tr><tr><td>May 22.</td><td>3,126,539</td><td>359,744</td><td>328,946</td><td>170,139</td><td>21,745</td><td>28,983</td><td>10,415</td><td>69,093</td><td>201,572</td><td>65,559</td><td>157,350</td><td>419,553</td><td>173,124</td><td>2,005,923</td><td>252,156</td></tr><tr><td>May 29.</td><td>3,066,410</td><td>354,507</td><td>319,133</td><td>171,969</td><td>21,062</td><td>29,484</td><td>9,927</td><td>65,000</td><td>198,299</td><td>64,122</td><td>156,709</td><td>413,587</td><td>176,002</td><td>1,979,801</td><td>235,983</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>May 8.</td><td>3,088,684</td><td>293,023</td><td>278,444</td><td>181,179</td><td>22,262</td><td>27,414</td><td>8,147</td><td>65,876</td><td>206,903</td><td>66,276</td><td>156,497</td><td>448,777</td><td>160,015</td><td>1,914,813</td><td>241,377</td></tr><tr><td>May 15.</td><td>3,004,392</td><td>312,054</td><td>281,319</td><td>175,384</td><td>21,916</td><td>27,544</td><td>9,584</td><td>69,941</td><td>199,178</td><td>65,954</td><td>155,944</td><td>432,927</td><td>165,393</td><td>1,917,138</td><td>247,599</td></tr><tr><td>May 22.</td><td>3,054,314</td><td>312,872</td><td>325,785</td><td>168,907</td><td>21,724</td><td>28,969</td><td>10,285</td><td>68,721</td><td>196,042</td><td>65,121</td><td>156,649</td><td>417,776</td><td>172,753</td><td>1,945,604</td><td>250,528</td></tr><tr><td>May 29.</td><td>2,997,177</td><td>309,470</td><td>316,214</td><td>170,584</td><td>21,047</td><td>29,470</td><td>9,627</td><td>64,601</td><td>192,833</td><td>63,615</td><td>156,151</td><td>412,854</td><td>175,621</td><td>1,922,087</td><td>234,159</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>May 8.</td><td>2,883,931</td><td>284,948</td><td>272,279</td><td>175,433</td><td>22,198</td><td>27,384</td><td>7,957</td><td>64,997</td><td>200,330</td><td>65,786</td><td>151,510</td><td>438,414</td><td>158,747</td><td>1,869,983</td><td>237,663</td></tr><tr><td>May 15.</td><td>2,880,297</td><td>304,102</td><td>275,705</td><td>169,993</td><td>21,842</td><td>27,542</td><td>9,356</td><td>69,044</td><td>192,512</td><td>65,477</td><td>151,673</td><td>422,943</td><td>162,476</td><td>1,872,665</td><td>243,875</td></tr><tr><td>May 22.</td><td>2,933,864</td><td>305,622</td><td>318,824</td><td>163,606</td><td>21,660</td><td>28,966</td><td>10,065</td><td>68,106</td><td>191,278</td><td>64,651</td><td>152,687</td><td>411,676</td><td>170,160</td><td>1,907,301</td><td>247,065</td></tr><tr><td>May 29.</td><td>2,877,346</td><td>302,479</td><td>309,446</td><td>165,578</td><td>20,980</td><td>29,467</td><td>9,411</td><td>63,803</td><td>188,522</td><td>63,153</td><td>152,206</td><td>407,080</td><td>173,300</td><td>1,885,425</td><td>230,909</td></tr><tr><td>Bills held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8.</td><td>87,561</td><td>6,705</td><td>1,600</td><td>5,638</td><td>54</td><td>29</td><td>60</td><td>425</td><td>6,299</td><td>401</td><td>4,971</td><td>7,858</td><td>868</td><td>34,908</td><td>1,567</td></tr><tr><td>May 15.</td><td>85,375</td><td>6,317</td><td>1,030</td><td>5,268</td><td>61</td><td>2</td><td>63</td><td>666</td><td>6,399</td><td>400</td><td>4,232</td><td>7,482</td><td>1,066</td><td>32,986</td><td>1,846</td></tr><tr><td>May 22.</td><td>84,793</td><td>5,717</td><td>2,277</td><td>5,198</td><td>51</td><td>2</td><td>60</td><td>400</td><td>4,479</td><td>401</td><td>3,848</td><td>5,576</td><td>934</td><td>28,943</td><td>1,818</td></tr><tr><td>May 29.</td><td>84,948</td><td>5,539</td><td>2,194</td><td>4,932</td><td>54</td><td>2</td><td>65</td><td>581</td><td>4,032</td><td>397</td><td>3,922</td><td>5,235</td><td>932</td><td>27,835</td><td>1,821</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>May 8.</td><td>23,339</td><td>14</td><td>3,001</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>2</td><td>3,018</td><td>336</td></tr><tr><td>May 15.</td><td>22,911</td><td>14</td><td>3,130</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,184</td><td>-</td></tr><tr><td>May 22.</td><td>22,967</td><td>4</td><td>3,129</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,204</td><td>35</td></tr><tr><td>May 29.</td><td>22,966</td><td>4</td><td>3,129</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,204</td><td>35</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>May 8.</td><td>13,853</td><td>1,356</td><td>1,564</td><td>108</td><td>10</td><td>1</td><td>130</td><td>454</td><td>274</td><td>88</td><td>16</td><td>2,505</td><td>398</td><td>6,904</td><td>1,811</td></tr><tr><td>May 15.</td><td>15,719</td><td>1,631</td><td>1,454</td><td>123</td><td>13</td><td>-</td><td>115</td><td>231</td><td>267</td><td>77</td><td>39</td><td>2,502</td><td>1,851</td><td>8,303</td><td>1,878</td></tr><tr><td>May 22.</td><td>12,690</td><td>1,529</td><td>1,555</td><td>103</td><td>13</td><td>1</td><td>110</td><td>215</td><td>264</td><td>69</td><td>114</td><td>524</td><td>1,659</td><td>6,156</td><td>1,610</td></tr><tr><td>May 29.</td><td>11,917</td><td>1,448</td><td>1,445</td><td>74</td><td>13</td><td>1</td><td>101</td><td>217</td><td>258</td><td>65</td><td>23</td><td>539</td><td>1,389</td><td>5,573</td><td>1,394</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>May 8.</td><td>71,268</td><td>49,754</td><td>2,256</td><td>1,022</td><td>22</td><td>15</td><td>162</td><td>390</td><td>4,457</td><td>415</td><td>679</td><td>574</td><td>327</td><td>60,073</td><td>1,780</td></tr><tr><td>May 15.</td><td>70,298</td><td>48,223</td><td>2,294</td><td>907</td><td>21</td><td>14</td><td>147</td><td>328</td><td>5,070</td><td>414</td><td>652</td><td>652</td><td>338</td><td>59,060</td><td>1,700</td></tr><tr><td>May 22.</td><td>72,225</td><td>46,872</td><td>2,861</td><td>1,232</td><td>21</td><td>14</td><td>130</td><td>372</td><td>5,530</td><td>438</td><td>701</td><td>1,777</td><td>371</td><td>60,319</td><td>1,628</td></tr><tr><td>May 29.</td><td>69,233</td><td>45,037</td><td>2,919</td><td>1,385</td><td>15</td><td>14</td><td>300</td><td>399</td><td>5,466</td><td>507</td><td>558</td><td>733</td><td>381</td><td>57,714</td><td>1,824</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>May 8.</td><td>16,381</td><td>5,136</td><td>320</td><td>826</td><td>17</td><td>14</td><td>111</td><td>359</td><td>1,069</td><td>187</td><td>485</td><td>394</td><td>293</td><td>9,211</td><td>868</td></tr><tr><td>May 15.</td><td>17,238</td><td>6,006</td><td>390</td><td>708</td><td>15</td><td>14</td><td>97</td><td>313</td><td>1,284</td><td>219</td><td>456</td><td>389</td><td>301</td><td>10,192</td><td>615</td></tr><tr><td>May 22.</td><td>20,608</td><td>6,349</td><td>643</td><td>1,023</td><td>16</td><td>14</td><td>78</td><td>348</td><td>1,901</td><td>228</td><td>504</td><td>1,549</td><td>333</td><td>12,981</td><td>663</td></tr><tr><td>May 29.</td><td>20,986</td><td>7,558</td><td>852</td><td>1,201</td><td>15</td><td>14</td><td>88</td><td>368</td><td>2,080</td><td>319</td><td>526</td><td>567</td><td>335</td><td>13,923</td><td>876</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>May 8.</td><td>44,878</td><td>38,896</td><td>1,803</td><td>55</td><td>-</td><td>-</td><td>-</td><td>8</td><td>3,055</td><td>193</td><td>-</td><td>21</td><td>-</td><td>44,031</td><td>771</td></tr><tr><td>May 15.</td><td>42,339</td><td>36,211</td><td>1,764</td><td>75</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,215</td><td>166</td><td>-</td><td>13</td><td>-</td><td>41,444</td><td>601</td></tr><tr><td>May 22.</td><td>41,191</td><td>34,908</td><td>2,044</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,074</td><td>155</td><td>-</td><td>11</td><td>-</td><td>40,264</td><td>800</td></tr><tr><td>May 29.</td><td>37,548</td><td>31,560</td><td>1,914</td><td>65</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,957</td><td>136</td><td>-</td><td>11</td><td>3</td><td>36,646</td><td>720</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>May 8.</td><td>10,009</td><td>5,722</td><td>133</td><td>141</td><td>5</td><td>1</td><td>51</td><td>23</td><td>333</td><td>35</td><td>194</td><td>159</td><td>34</td><td>6,831</td><td>141</td></tr><tr><td>May 15.</td><td>10,721</td><td>6,006</td><td>140</td><td>124</td><td>6</td><td>-</td><td>50</td><td>15</td><td>571</td><td>29</td><td>196</td><td>250</td><td>37</td><td>7,424</td><td>284</td></tr><tr><td>May 22.</td><td>10,426</td><td>5,615</td><td>174</td><td>137</td><td>5</td><td>-</td><td>52</td><td>24</td><td>555</td><td>55</td><td>197</td><td>217</td><td>40</td><td>7,071</td><td>165</td></tr><tr><td>May 29.</td><td>10,699</td><td>5,919</td><td>153</td><td>119</td><td>-</td><td>-</td><td>212</td><td>31</td><td>429</td><td>52</td><td>32</td><td>155</td><td>43</td><td>7,145</td><td>168</td></tr></table>
(Continued on following page)
38
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for May 1940 - (Continued)
states for May 19
<table><tr><th>Liabilities as of following dates</th><th>Argentine</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>Philippines 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>May 8</td><td>78,811</td><td>35,329</td><td>25,435</td><td>47,691</td><td>67,966</td><td>45,282</td><td>92,837</td><td>393,351</td><td>179,184</td><td>84,619</td><td>60,432</td><td>33,072</td><td>60,807</td><td>418,114</td><td>50,444</td></tr><tr><td>May 15</td><td>81,417</td><td>33,389</td><td>25,544</td><td>48,539</td><td>67,773</td><td>45,723</td><td>91,268</td><td>393,683</td><td>179,796</td><td>82,954</td><td>54,327</td><td>31,917</td><td>54,991</td><td>403,985</td><td>51,435</td></tr><tr><td>May 22</td><td>84,662</td><td>35,756</td><td>26,078</td><td>47,640</td><td>67,861</td><td>49,206</td><td>92,442</td><td>403,815</td><td>178,259</td><td>80,263</td><td>56,675</td><td>35,612</td><td>56,765</td><td>408,174</td><td>56,041</td></tr><tr><td>May 29</td><td>83,328</td><td>34,228</td><td>24,796</td><td>49,635</td><td>68,583</td><td>50,602</td><td>90,677</td><td>402,149</td><td>174,799</td><td>79,446</td><td>43,479</td><td>36,159</td><td>55,703</td><td>389,586</td><td>58,591</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>May 8</td><td>78,792</td><td>35,311</td><td>25,435</td><td>47,298</td><td>67,834</td><td>45,282</td><td>92,447</td><td>392,399</td><td>178,640</td><td>80,860</td><td>56,872</td><td>33,063</td><td>60,392</td><td>409,827</td><td>50,268</td></tr><tr><td>May 15</td><td>81,400</td><td>33,380</td><td>25,544</td><td>48,134</td><td>67,657</td><td>45,723</td><td>90,894</td><td>392,132</td><td>179,217</td><td>79,083</td><td>50,892</td><td>31,908</td><td>54,436</td><td>395,536</td><td>51,297</td></tr><tr><td>May 22</td><td>84,636</td><td>35,746</td><td>26,078</td><td>47,206</td><td>67,747</td><td>49,206</td><td>92,049</td><td>402,668</td><td>178,193</td><td>76,556</td><td>52,698</td><td>35,595</td><td>56,297</td><td>399,249</td><td>56,265</td></tr><tr><td>May 29</td><td>83,301</td><td>34,511</td><td>24,796</td><td>49,175</td><td>68,462</td><td>50,602</td><td>90,268</td><td>401,415</td><td>174,219</td><td>75,508</td><td>40,268</td><td>36,138</td><td>55,028</td><td>381,161</td><td>58,355</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>May 8</td><td>77,101</td><td>30,170</td><td>24,735</td><td>45,954</td><td>67,487</td><td>45,263</td><td>87,529</td><td>378,239</td><td>158,051</td><td>72,515</td><td>35,069</td><td>25,594</td><td>57,308</td><td>348,837</td><td>49,209</td></tr><tr><td>May 15</td><td>79,513</td><td>28,231</td><td>24,895</td><td>46,411</td><td>67,295</td><td>45,675</td><td>85,941</td><td>377,961</td><td>158,395</td><td>71,172</td><td>29,653</td><td>24,782</td><td>51,376</td><td>335,378</td><td>50,418</td></tr><tr><td>May 22</td><td>82,785</td><td>30,377</td><td>25,390</td><td>45,984</td><td>66,752</td><td>49,188</td><td>86,721</td><td>387,197</td><td>157,513</td><td>69,058</td><td>31,348</td><td>27,203</td><td>51,537</td><td>337,059</td><td>55,242</td></tr><tr><td>May 29</td><td>81,323</td><td>29,334</td><td>24,181</td><td>47,758</td><td>67,444</td><td>50,583</td><td>84,828</td><td>385,451</td><td>154,262</td><td>68,312</td><td>18,149</td><td>26,085</td><td>51,349</td><td>318,157</td><td>57,404</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>May 8</td><td>1,190</td><td>5,116</td><td>687</td><td>1,226</td><td>210</td><td>18</td><td>4,185</td><td>12,632</td><td>6,827</td><td>1,323</td><td>21,022</td><td>6,313</td><td>1,955</td><td>37,440</td><td>1,014</td></tr><tr><td>May 15</td><td>1,374</td><td>5,122</td><td>649</td><td>1,723</td><td>274</td><td>47</td><td>4,405</td><td>13,594</td><td>7,025</td><td>1,187</td><td>20,048</td><td>5,996</td><td>2,006</td><td>36,262</td><td>687</td></tr><tr><td>May 22</td><td>1,338</td><td>5,342</td><td>688</td><td>1,222</td><td>939</td><td>17</td><td>4,773</td><td>14,319</td><td>6,550</td><td>1,054</td><td>20,578</td><td>7,263</td><td>3,458</td><td>38,903</td><td>810</td></tr><tr><td>May 29</td><td>1,434</td><td>5,449</td><td>615</td><td>1,417</td><td>964</td><td>18</td><td>4,827</td><td>14,754</td><td>6,179</td><td>799</td><td>21,203</td><td>8,916</td><td>2,605</td><td>39,702</td><td>786</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>May 8</td><td>-</td><td>2</td><td>-</td><td>79</td><td>-</td><td>-</td><td>171</td><td>252</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>May 15</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>23</td><td>-</td><td>4</td><td>19,727</td><td>-</td></tr><tr><td>May 22</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>24</td><td>-</td><td>4</td><td>19,728</td><td>-</td></tr><tr><td>May 29</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>23</td><td>-</td><td>4</td><td>19,727</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>May 8</td><td>501</td><td>23</td><td>13</td><td>39</td><td>137</td><td>1</td><td>562</td><td>1,276</td><td>262</td><td>522</td><td>752</td><td>1,156</td><td>1,125</td><td>3,517</td><td>45</td></tr><tr><td>May 15</td><td>513</td><td>27</td><td>-</td><td>-</td><td>88</td><td>1</td><td>548</td><td>1,177</td><td>297</td><td>524</td><td>1,168</td><td>1,130</td><td>1,050</td><td>4,169</td><td>192</td></tr><tr><td>May 22</td><td>513</td><td>27</td><td>-</td><td>-</td><td>56</td><td>1</td><td>555</td><td>1,152</td><td>330</td><td>244</td><td>748</td><td>1,129</td><td>1,108</td><td>3,559</td><td>213</td></tr><tr><td>May 29</td><td>514</td><td>28</td><td>-</td><td>-</td><td>54</td><td>1</td><td>613</td><td>1,210</td><td>278</td><td>197</td><td>893</td><td>1,137</td><td>1,070</td><td>3,575</td><td>165</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>May 8</td><td>19</td><td>18</td><td>-</td><td>393</td><td>132</td><td>-</td><td>390</td><td>952</td><td>544</td><td>3,759</td><td>3,560</td><td>9</td><td>415</td><td>8,287</td><td>176</td></tr><tr><td>May 15</td><td>47</td><td>9</td><td>-</td><td>405</td><td>116</td><td>-</td><td>374</td><td>951</td><td>579</td><td>3,871</td><td>3,435</td><td>9</td><td>555</td><td>8,449</td><td>138</td></tr><tr><td>May 22</td><td>26</td><td>10</td><td>-</td><td>434</td><td>114</td><td>-</td><td>393</td><td>977</td><td>66</td><td>4,307</td><td>3,977</td><td>17</td><td>558</td><td>8,325</td><td>376</td></tr><tr><td>May 29</td><td>27</td><td>17</td><td>-</td><td>460</td><td>121</td><td>-</td><td>409</td><td>1,034</td><td>580</td><td>3,938</td><td>3,211</td><td>21</td><td>675</td><td>8,425</td><td>236</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>May 8</td><td>16</td><td>18</td><td>-</td><td>393</td><td>52</td><td>-</td><td>142</td><td>621</td><td>525</td><td>3,425</td><td>1,410</td><td>9</td><td>257</td><td>5,626</td><td>55</td></tr><tr><td>May 15</td><td>44</td><td>9</td><td>-</td><td>405</td><td>54</td><td>-</td><td>138</td><td>650</td><td>565</td><td>3,481</td><td>1,370</td><td>9</td><td>322</td><td>5,747</td><td>34</td></tr><tr><td>May 22</td><td>23</td><td>10</td><td>-</td><td>434</td><td>47</td><td>-</td><td>153</td><td>667</td><td>49</td><td>3,817</td><td>1,819</td><td>17</td><td>396</td><td>6,098</td><td>196</td></tr><tr><td>May 29</td><td>23</td><td>17</td><td>-</td><td>460</td><td>54</td><td>-</td><td>157</td><td>711</td><td>557</td><td>3,383</td><td>1,126</td><td>21</td><td>318</td><td>5,405</td><td>71</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>May 8</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>May 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>89</td><td>-</td><td>-</td><td>89</td><td>3</td></tr><tr><td>May 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>83</td><td>-</td><td>3</td><td>86</td><td>41</td></tr><tr><td>May 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>82</td><td>-</td><td>-</td><td>82</td><td>40</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>May 8</td><td>3</td><td>-</td><td>-</td><td>-</td><td>80</td><td>-</td><td>248</td><td>331</td><td>19</td><td>334</td><td>2,085</td><td>-</td><td>158</td><td>2,596</td><td>110</td></tr><tr><td>May 15</td><td>3</td><td>-</td><td>-</td><td>-</td><td>62</td><td>-</td><td>236</td><td>301</td><td>14</td><td>390</td><td>1,976</td><td>-</td><td>233</td><td>2,513</td><td>99</td></tr><tr><td>May 22</td><td>3</td><td>-</td><td>-</td><td>-</td><td>67</td><td>-</td><td>240</td><td>310</td><td>17</td><td>490</td><td>2,075</td><td>-</td><td>159</td><td>2,741</td><td>139</td></tr><tr><td>May 29</td><td>4</td><td>-</td><td>-</td><td>-</td><td>67</td><td>-</td><td>252</td><td>323</td><td>23</td><td>555</td><td>2,003</td><td>-</td><td>357</td><td>2,938</td><td>125</td></tr></table>
39
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for May 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></tr><tr><td>May 8</td><td>512,112</td><td>34,355</td><td>9,067</td><td>6,560</td><td>1,267</td><td>1,066</td><td>48,618</td><td>16,697</td><td>8,775</td><td>2,836</td><td>4,954</td><td>5,770</td><td>30,975</td><td>171,140</td><td>32,419</td></tr><tr><td>May 15</td><td>501,730</td><td>33,327</td><td>8,428</td><td>6,145</td><td>1,200</td><td>1,299</td><td>48,509</td><td>18,082</td><td>4,187</td><td>2,703</td><td>4,946</td><td>5,670</td><td>30,781</td><td>165,577</td><td>34,272</td></tr><tr><td>May 22</td><td>495,025</td><td>31,112</td><td>8,064</td><td>5,697</td><td>1,103</td><td>1,473</td><td>48,290</td><td>17,917</td><td>3,596</td><td>2,449</td><td>4,456</td><td>5,067</td><td>31,324</td><td>160,550</td><td>34,548</td></tr><tr><td>May 29</td><td>475,045</td><td>30,133</td><td>7,928</td><td>5,059</td><td>1,057</td><td>1,486</td><td>47,339</td><td>18,295</td><td>3,180</td><td>2,350</td><td>4,191</td><td>4,999</td><td>30,436</td><td>156,453</td><td>26,739</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></tr><tr><td>May 8</td><td>53,282</td><td>16,230</td><td>632</td><td>141</td><td>28</td><td>29</td><td>462</td><td>661</td><td>852</td><td>368</td><td>673</td><td>433</td><td>1,439</td><td>21,948</td><td>6,089</td></tr><tr><td>May 15</td><td>52,309</td><td>15,300</td><td>615</td><td>117</td><td>27</td><td>26</td><td>427</td><td>638</td><td>799</td><td>368</td><td>555</td><td>212</td><td>1,427</td><td>21,411</td><td>5,747</td></tr><tr><td>May 22</td><td>50,024</td><td>13,942</td><td>493</td><td>77</td><td>27</td><td>25</td><td>435</td><td>643</td><td>761</td><td>354</td><td>689</td><td>213</td><td>1,398</td><td>19,077</td><td>5,589</td></tr><tr><td>May 29</td><td>48,698</td><td>12,925</td><td>455</td><td>75</td><td>27</td><td>21</td><td>427</td><td>694</td><td>731</td><td>365</td><td>701</td><td>217</td><td>1,432</td><td>18,070</td><td>5,088</td></tr><tr><td><b>Banka 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></tr><tr><td>May 8</td><td>15,785</td><td>9,226</td><td>266</td><td>123</td><td>13</td><td>1</td><td>62</td><td>225</td><td>360</td><td>82</td><td>17</td><td>319</td><td>66</td><td>10,759</td><td>3,701</td></tr><tr><td>May 15</td><td>14,520</td><td>8,449</td><td>226</td><td>75</td><td>11</td><td>1</td><td>40</td><td>202</td><td>323</td><td>81</td><td>157</td><td>93</td><td>56</td><td>9,714</td><td>3,446</td></tr><tr><td>May 22</td><td>13,131</td><td>7,137</td><td>109</td><td>45</td><td>11</td><td>1</td><td>39</td><td>199</td><td>307</td><td>76</td><td>13</td><td>93</td><td>47</td><td>8,081</td><td>3,226</td></tr><tr><td>May 29</td><td>12,547</td><td>6,721</td><td>159</td><td>48</td><td>11</td><td>1</td><td>42</td><td>191</td><td>258</td><td>77</td><td>28</td><td>100</td><td>66</td><td>7,702</td><td>2,860</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></tr><tr><td>May 8</td><td>26,619</td><td>3,293</td><td>179</td><td>8</td><td>1</td><td>-</td><td>369</td><td>368</td><td>62</td><td>124</td><td>12</td><td>1</td><td>537</td><td>4,954</td><td>1,456</td></tr><tr><td>May 15</td><td>26,640</td><td>3,366</td><td>190</td><td>13</td><td>1</td><td>-</td><td>355</td><td>368</td><td>57</td><td>125</td><td>12</td><td>1</td><td>533</td><td>5,021</td><td>1,417</td></tr><tr><td>May 22</td><td>26,261</td><td>3,046</td><td>184</td><td>9</td><td>1</td><td>3</td><td>365</td><td>376</td><td>65</td><td>125</td><td>28</td><td>3</td><td>515</td><td>4,720</td><td>1,340</td></tr><tr><td>May 29</td><td>25,722</td><td>2,700</td><td>100</td><td>9</td><td>1</td><td>3</td><td>354</td><td>435</td><td>52</td><td>126</td><td>28</td><td>5</td><td>519</td><td>4,332</td><td>1,161</td></tr><tr><td><b>Other assets payable in foreign currenecies:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>10,878</td><td>3,711</td><td>188</td><td>10</td><td>14</td><td>28</td><td>31</td><td>68</td><td>430</td><td>162</td><td>644</td><td>113</td><td>836</td><td>6,275</td><td>932</td></tr><tr><td>May 15</td><td>11,149</td><td>4,085</td><td>199</td><td>29</td><td>15</td><td>25</td><td>32</td><td>68</td><td>419</td><td>162</td><td>686</td><td>118</td><td>838</td><td>6,676</td><td>884</td></tr><tr><td>May 22</td><td>10,632</td><td>3,759</td><td>200</td><td>19</td><td>15</td><td>21</td><td>31</td><td>68</td><td>409</td><td>153</td><td>648</td><td>117</td><td>836</td><td>6,276</td><td>1,023</td></tr><tr><td>May 29</td><td>10,429</td><td>3,504</td><td>196</td><td>18</td><td>15</td><td>17</td><td>31</td><td>68</td><td>421</td><td>162</td><td>645</td><td>112</td><td>847</td><td>6,036</td><td>1,067</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></tr><tr><td>May 8</td><td>458,830</td><td>18,325</td><td>8,435</td><td>6,419</td><td>1,239</td><td>1,037</td><td>48,156</td><td>16,036</td><td>7,923</td><td>2,468</td><td>4,281</td><td>5,337</td><td>29,536</td><td>149,192</td><td>26,330</td></tr><tr><td>May 15</td><td>449,441</td><td>17,427</td><td>7,813</td><td>6,328</td><td>1,173</td><td>1,273</td><td>48,082</td><td>17,444</td><td>3,388</td><td>2,335</td><td>4,091</td><td>5,458</td><td>29,354</td><td>144,166</td><td>28,525</td></tr><tr><td>May 22</td><td>445,001</td><td>17,170</td><td>7,571</td><td>5,620</td><td>1,076</td><td>1,450</td><td>47,855</td><td>17,274</td><td>2,815</td><td>2,095</td><td>3,767</td><td>4,854</td><td>29,926</td><td>141,473</td><td>28,959</td></tr><tr><td>May 29</td><td>426,347</td><td>17,208</td><td>7,473</td><td>4,984</td><td>1,030</td><td>1,455</td><td>46,912</td><td>17,601</td><td>2,449</td><td>1,985</td><td>3,490</td><td>4,782</td><td>29,004</td><td>138,383</td><td>21,651</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></tr><tr><td>May 8</td><td>189,432</td><td>9,267</td><td>1,358</td><td>1,043</td><td>1</td><td>-</td><td>15,767</td><td>1,481</td><td>4,483</td><td>91</td><td>1,576</td><td>286</td><td>9,319</td><td>44,672</td><td>5,656</td></tr><tr><td>May 15</td><td>182,920</td><td>8,942</td><td>1,392</td><td>961</td><td>2</td><td>-</td><td>15,735</td><td>2,763</td><td>1,302</td><td>81</td><td>1,533</td><td>464</td><td>9,482</td><td>42,677</td><td>7,261</td></tr><tr><td>May 22</td><td>184,948</td><td>8,904</td><td>1,225</td><td>896</td><td>3</td><td>-</td><td>16,932</td><td>2,467</td><td>702</td><td>78</td><td>1,527</td><td>333</td><td>9,367</td><td>42,434</td><td>8,792</td></tr><tr><td>May 29</td><td>166,509</td><td>8,790</td><td>1,389</td><td>826</td><td>3</td><td>-</td><td>16,473</td><td>2,881</td><td>408</td><td>103</td><td>1,511</td><td>397</td><td>9,629</td><td>42,410</td><td>1,698</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></tr><tr><td>May 8</td><td>88,464</td><td>2,606</td><td>3,721</td><td>3,142</td><td>881</td><td>71</td><td>20,084</td><td>11,792</td><td>1,617</td><td>1,257</td><td>1,558</td><td>3,066</td><td>1,478</td><td>51,273</td><td>5,049</td></tr><tr><td>May 15</td><td>84,683</td><td>2,501</td><td>3,702</td><td>2,786</td><td>804</td><td>71</td><td>20,056</td><td>12,042</td><td>1,046</td><td>1,148</td><td>1,461</td><td>3,105</td><td>1,519</td><td>50,241</td><td>4,513</td></tr><tr><td>May 22</td><td>82,234</td><td>2,578</td><td>3,690</td><td>2,183</td><td>716</td><td>12</td><td>18,651</td><td>12,368</td><td>1,062</td><td>933</td><td>1,193</td><td>3,081</td><td>1,633</td><td>47,900</td><td>4,616</td></tr><tr><td>May 29</td><td>80,710</td><td>2,430</td><td>3,509</td><td>2,014</td><td>674</td><td>12</td><td>18,129</td><td>12,334</td><td>996</td><td>781</td><td>1,084</td><td>2,954</td><td>1,503</td><td>46,420</td><td>4,810</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></tr><tr><td>May 8</td><td>180,934</td><td>6,452</td><td>3,356</td><td>2,234</td><td>357</td><td>966</td><td>12,305</td><td>2,763</td><td>1,823</td><td>1,120</td><td>1,147</td><td>1,985</td><td>18,739</td><td>53,247</td><td>15,625</td></tr><tr><td>May 15</td><td>181,838</td><td>5,984</td><td>2,719</td><td>2,561</td><td>357</td><td>1,202</td><td>12,291</td><td>2,639</td><td>1,040</td><td>1,106</td><td>1,097</td><td>1,889</td><td>18,353</td><td>51,248</td><td>16,751</td></tr><tr><td>May 22</td><td>177,819</td><td>5,888</td><td>2,666</td><td>2,541</td><td>357</td><td>1,438</td><td>12,272</td><td>2,439</td><td>1,051</td><td>1,084</td><td>1,047</td><td>1,440</td><td>18,926</td><td>51,139</td><td>15,551</td></tr><tr><td>May 29</td><td>179,128</td><td>5,988</td><td>2,575</td><td>2,144</td><td>353</td><td>1,453</td><td>12,310</td><td>2,386</td><td>1,045</td><td>1,101</td><td>895</td><td>1,431</td><td>17,872</td><td>49,553</td><td>15,143</td></tr></table>
(Continued on following page)
40
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for May 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</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></tr><tr><td>May 8</td><td>16,165</td><td>31,594</td><td>9,713</td><td>10,148</td><td>5,073</td><td>1,017</td><td>39,421</td><td>113,431</td><td>23,040</td><td>1,712</td><td>120,718</td><td>28,627</td><td>11,954</td><td>186,651</td><td>8,471</td></tr><tr><td>May 15</td><td>15,373</td><td>32,397</td><td>9,768</td><td>9,584</td><td>5,013</td><td>1,095</td><td>39,375</td><td>112,605</td><td>23,904</td><td>1,520</td><td>114,428</td><td>29,225</td><td>11,446</td><td>180,523</td><td>8,773</td></tr><tr><td>May 22</td><td>15,678</td><td>31,742</td><td>9,722</td><td>7,913</td><td>5,934</td><td>1,059</td><td>39,153</td><td>111,232</td><td>23,947</td><td>1,763</td><td>115,228</td><td>29,786</td><td>9,272</td><td>179,996</td><td>5,699</td></tr><tr><td>May 29</td><td>16,407</td><td>32,099</td><td>9,497</td><td>9,793</td><td>4,966</td><td>1,090</td><td>39,464</td><td>113,336</td><td>24,462</td><td>1,886</td><td>103,221</td><td>30,542</td><td>9,369</td><td>169,500</td><td>9,017</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></tr><tr><td>May 8</td><td>1,643</td><td>80</td><td>6</td><td>88</td><td>229</td><td>96</td><td>354</td><td>2,496</td><td>19,207</td><td>867</td><td>776</td><td>76</td><td>1,064</td><td>21,990</td><td>759</td></tr><tr><td>May 15</td><td>1,694</td><td>83</td><td>5</td><td>74</td><td>193</td><td>92</td><td>358</td><td>2,501</td><td>19,210</td><td>845</td><td>721</td><td>73</td><td>921</td><td>21,770</td><td>850</td></tr><tr><td>May 22</td><td>1,647</td><td>83</td><td>5</td><td>95</td><td>152</td><td>94</td><td>374</td><td>2,492</td><td>19,197</td><td>914</td><td>812</td><td>75</td><td>1,002</td><td>22,000</td><td>906</td></tr><tr><td>May 29</td><td>1,739</td><td>79</td><td>5</td><td>83</td><td>202</td><td>103</td><td>368</td><td>2,579</td><td>19,369</td><td>989</td><td>603</td><td>83</td><td>989</td><td>22,033</td><td>926</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></tr><tr><td>May 8</td><td>45</td><td>5</td><td>1</td><td>54</td><td>60</td><td>15</td><td>12</td><td>192</td><td>14</td><td>518</td><td>122</td><td>57</td><td>375</td><td>1,106</td><td>27</td></tr><tr><td>May 15</td><td>104</td><td>6</td><td>2</td><td>48</td><td>54</td><td>15</td><td>18</td><td>247</td><td>35</td><td>501</td><td>116</td><td>55</td><td>336</td><td>1,091</td><td>22</td></tr><tr><td>May 22</td><td>54</td><td>5</td><td>2</td><td>58</td><td>15</td><td>15</td><td>15</td><td>164</td><td>23</td><td>567</td><td>928</td><td>58</td><td>464</td><td>1,640</td><td>20</td></tr><tr><td>May 29</td><td>100</td><td>5</td><td>2</td><td>51</td><td>65</td><td>15</td><td>10</td><td>248</td><td>192</td><td>604</td><td>341</td><td>67</td><td>470</td><td>1,724</td><td>23</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></tr><tr><td>May 8</td><td>513</td><td>9</td><td>2</td><td>-</td><td>-</td><td>-</td><td>101</td><td>625</td><td>19,156</td><td>305</td><td>27</td><td>-</td><td>65</td><td>19,553</td><td>31</td></tr><tr><td>May 15</td><td>515</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>100</td><td>633</td><td>19,158</td><td>303</td><td>17</td><td>-</td><td>61</td><td>19,539</td><td>30</td></tr><tr><td>May 22</td><td>516</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>95</td><td>629</td><td>19,157</td><td>305</td><td>18</td><td>-</td><td>63</td><td>19,543</td><td>29</td></tr><tr><td>May 29</td><td>558</td><td>16</td><td>2</td><td>-</td><td>-</td><td>-</td><td>97</td><td>673</td><td>19,159</td><td>304</td><td>9</td><td>-</td><td>59</td><td>19,531</td><td>25</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></tr><tr><td>May 8</td><td>1,065</td><td>66</td><td>3</td><td>34</td><td>169</td><td>81</td><td>241</td><td>1,679</td><td>17</td><td>44</td><td>627</td><td>19</td><td>624</td><td>1,331</td><td>701</td></tr><tr><td>May 15</td><td>1,075</td><td>63</td><td>1</td><td>26</td><td>139</td><td>77</td><td>240</td><td>1,621</td><td>17</td><td>41</td><td>583</td><td>18</td><td>476</td><td>1,140</td><td>826</td></tr><tr><td>May 22</td><td>1,077</td><td>64</td><td>1</td><td>31</td><td>137</td><td>79</td><td>264</td><td>1,659</td><td>17</td><td>42</td><td>266</td><td>17</td><td>475</td><td>817</td><td>857</td></tr><tr><td>May 29</td><td>1,081</td><td>58</td><td>1</td><td>32</td><td>137</td><td>88</td><td>261</td><td>1,658</td><td>18</td><td>41</td><td>253</td><td>16</td><td>460</td><td>788</td><td>880</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></tr><tr><td>May 8</td><td>14,522</td><td>31,614</td><td>9,707</td><td>10,060</td><td>4,844</td><td>921</td><td>39,067</td><td>110,935</td><td>4,433</td><td>845</td><td>119,942</td><td>28,551</td><td>10,890</td><td>164,661</td><td>7,712</td></tr><tr><td>May 15</td><td>13,679</td><td>32,312</td><td>9,763</td><td>9,510</td><td>4,820</td><td>1,003</td><td>39,017</td><td>110,104</td><td>4,694</td><td>675</td><td>113,707</td><td>29,152</td><td>10,525</td><td>158,753</td><td>7,893</td></tr><tr><td>May 22</td><td>14,031</td><td>31,657</td><td>9,717</td><td>7,819</td><td>5,782</td><td>956</td><td>38,809</td><td>108,780</td><td>4,750</td><td>849</td><td>114,416</td><td>29,711</td><td>8,270</td><td>157,996</td><td>7,753</td></tr><tr><td>May 29</td><td>14,668</td><td>32,020</td><td>9,492</td><td>9,710</td><td>4,704</td><td>987</td><td>39,116</td><td>110,757</td><td>5,113</td><td>897</td><td>102,618</td><td>30,459</td><td>8,380</td><td>147,467</td><td>8,089</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></tr><tr><td>May 8</td><td>670</td><td>4,139</td><td>266</td><td>2,759</td><td>333</td><td>5</td><td>3,409</td><td>12,181</td><td>2,043</td><td>271</td><td>102,953</td><td>15,076</td><td>6,010</td><td>126,353</td><td>570</td></tr><tr><td>May 15</td><td>650</td><td>6,071</td><td>191</td><td>2,821</td><td>278</td><td>5</td><td>3,115</td><td>13,131</td><td>2,249</td><td>93</td><td>95,627</td><td>15,334</td><td>5,623</td><td>118,926</td><td>925</td></tr><tr><td>May 22</td><td>594</td><td>4,910</td><td>151</td><td>2,229</td><td>309</td><td>6</td><td>2,763</td><td>10,962</td><td>2,220</td><td>239</td><td>100,626</td><td>15,843</td><td>3,272</td><td>122,200</td><td>560</td></tr><tr><td>May 29</td><td>756</td><td>5,331</td><td>165</td><td>2,932</td><td>304</td><td>9</td><td>2,790</td><td>12,287</td><td>2,374</td><td>301</td><td>86,765</td><td>16,714</td><td>3,425</td><td>109,579</td><td>535</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></tr><tr><td>May 8</td><td>2,452</td><td>13,736</td><td>1,031</td><td>3,238</td><td>414</td><td>41</td><td>3,245</td><td>24,157</td><td>597</td><td>197</td><td>1,213</td><td>3,710</td><td>1,026</td><td>6,745</td><td>1,240</td></tr><tr><td>May 15</td><td>1,137</td><td>13,526</td><td>1,157</td><td>2,579</td><td>432</td><td>20</td><td>3,109</td><td>21,960</td><td>586</td><td>203</td><td>1,239</td><td>3,673</td><td>1,052</td><td>6,753</td><td>1,216</td></tr><tr><td>May 22</td><td>1,143</td><td>13,600</td><td>1,079</td><td>1,574</td><td>1,405</td><td>18</td><td>2,915</td><td>21,734</td><td>535</td><td>212</td><td>1,111</td><td>3,654</td><td>961</td><td>6,473</td><td>1,511</td></tr><tr><td>May 29</td><td>1,068</td><td>13,238</td><td>826</td><td>2,696</td><td>422</td><td>18</td><td>2,975</td><td>21,243</td><td>549</td><td>196</td><td>1,179</td><td>3,554</td><td>956</td><td>6,434</td><td>1,803</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></tr><tr><td>May 8</td><td>11,400</td><td>13,339</td><td>8,410</td><td>4,063</td><td>4,097</td><td>875</td><td>32,413</td><td>74,597</td><td>1,793</td><td>377</td><td>15,776</td><td>9,765</td><td>3,852</td><td>31,563</td><td>5,902</td></tr><tr><td>May 15</td><td>11,892</td><td>12,715</td><td>8,415</td><td>4,110</td><td>4,110</td><td>978</td><td>32,793</td><td>75,013</td><td>1,859</td><td>379</td><td>16,841</td><td>10,145</td><td>3,850</td><td>33,074</td><td>5,752</td></tr><tr><td>May 22</td><td>12,294</td><td>13,147</td><td>8,487</td><td>4,016</td><td>4,068</td><td>941</td><td>33,131</td><td>76,084</td><td>1,995</td><td>398</td><td>12,679</td><td>10,214</td><td>4,037</td><td>29,323</td><td>5,722</td></tr><tr><td>May 29</td><td>12,844</td><td>13,451</td><td>8,501</td><td>4,062</td><td>4,038</td><td>960</td><td>33,351</td><td>77,227</td><td>2,190</td><td>400</td><td>14,674</td><td>10,191</td><td>3,999</td><td>31,454</td><td>5,751</td></tr></table>
41
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for May 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>TOTAL PURCHASES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8....................</td><td>14,055</td><td>962</td><td>748</td><td>504</td><td>44</td><td>129</td><td>1,299</td><td>2</td><td>3,298</td><td>222</td><td>7,208</td><td>4,311</td><td>1,516</td><td>159</td><td>515</td><td>675</td><td>245</td></tr><tr><td>May 15....................</td><td>15,968</td><td>754</td><td>722</td><td>226</td><td>16</td><td>262</td><td>765</td><td>159</td><td>4,620</td><td>495</td><td>8,019</td><td>4,902</td><td>1,580</td><td>35</td><td>1,231</td><td>1,266</td><td>101</td></tr><tr><td>May 22....................</td><td>18,854</td><td>1,620</td><td>1,193</td><td>177</td><td>52</td><td>120</td><td>187</td><td>37</td><td>4,414</td><td>606</td><td>8,406</td><td>5,992</td><td>2,397</td><td>130</td><td>1,738</td><td>1,928</td><td>131</td></tr><tr><td>May 29....................</td><td>17,651</td><td>575</td><td>579</td><td>93</td><td>21</td><td>53</td><td>218</td><td>38</td><td>2,046</td><td>637</td><td>4,260</td><td>10,161</td><td>1,605</td><td>222</td><td>1,287</td><td>1,509</td><td>116</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>May 8....................</td><td>8,017</td><td>363</td><td>566</td><td>149</td><td>24</td><td>16</td><td>1,123</td><td>2</td><td>2,402</td><td>161</td><td>4,806</td><td>1,452</td><td>1,167</td><td>15</td><td>511</td><td>526</td><td>66</td></tr><tr><td>May 15....................</td><td>11,246</td><td>684</td><td>594</td><td>215</td><td>15</td><td>172</td><td>709</td><td>151</td><td>3,399</td><td>454</td><td>6,393</td><td>1,942</td><td>1,591</td><td>31</td><td>1,212</td><td>1,243</td><td>77</td></tr><tr><td>May 22....................</td><td>12,586</td><td>1,314</td><td>1,081</td><td>133</td><td>43</td><td>15</td><td>167</td><td>37</td><td>3,957</td><td>540</td><td>7,287</td><td>1,907</td><td>1,619</td><td>27</td><td>1,700</td><td>1,727</td><td>46</td></tr><tr><td>May 29....................</td><td>6,365</td><td>371</td><td>450</td><td>52</td><td>6</td><td>15</td><td>168</td><td>26</td><td>1,634</td><td>187</td><td>2,909</td><td>1,077</td><td>1,038</td><td>38</td><td>1,249</td><td>1,287</td><td>54</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>May 8....................</td><td>2,344</td><td>302</td><td>110</td><td>45</td><td>-</td><td>69</td><td>109</td><td>-</td><td>551</td><td>16</td><td>1,202</td><td>1,072</td><td>58</td><td>-</td><td>3</td><td>3</td><td>9</td></tr><tr><td>May 15....................</td><td>4,722</td><td>70</td><td>128</td><td>11</td><td>1</td><td>90</td><td>56</td><td>8</td><td>1,221</td><td>41</td><td>1,626</td><td>2,960</td><td>89</td><td>4</td><td>19</td><td>23</td><td>24</td></tr><tr><td>May 22....................</td><td>3,733</td><td>164</td><td>57</td><td>4</td><td>1</td><td>4</td><td>3</td><td>-</td><td>188</td><td>18</td><td>439</td><td>3,214</td><td>37</td><td>-</td><td>21</td><td>21</td><td>27</td></tr><tr><td>May 29....................</td><td>9,491</td><td>113</td><td>80</td><td>41</td><td>1</td><td>7</td><td>38</td><td>-</td><td>185</td><td>407</td><td>872</td><td>8,511</td><td>56</td><td>-</td><td>32</td><td>32</td><td>30</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8....................</td><td>3,694</td><td>297</td><td>72</td><td>310</td><td>20</td><td>44</td><td>67</td><td>-</td><td>345</td><td>45</td><td>1,200</td><td>1,787</td><td>391</td><td>144</td><td>2</td><td>146</td><td>170</td></tr><tr><td>May 15....................</td><td>3,551</td><td>120</td><td>54</td><td>103</td><td>36</td><td>83</td><td>27</td><td>4</td><td>386</td><td>44</td><td>857</td><td>1,876</td><td>441</td><td>248</td><td>6</td><td>254</td><td>123</td></tr><tr><td>May 22....................</td><td>2,530</td><td>142</td><td>55</td><td>40</td><td>8</td><td>101</td><td>17</td><td>-</td><td>269</td><td>48</td><td>680</td><td>871</td><td>741</td><td>163</td><td>17</td><td>180</td><td>58</td></tr><tr><td>May 29....................</td><td>1,795</td><td>91</td><td>49</td><td>-</td><td>14</td><td>31</td><td>12</td><td>12</td><td>227</td><td>43</td><td>479</td><td>573</td><td>511</td><td>184</td><td>6</td><td>190</td><td>42</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8....................</td><td>13,381</td><td>2,388</td><td>589</td><td>198</td><td>79</td><td>119</td><td>1,086</td><td>17</td><td>2,134</td><td>176</td><td>6,786</td><td>4,409</td><td>1,069</td><td>3</td><td>975</td><td>978</td><td>139</td></tr><tr><td>May 15....................</td><td>16,965</td><td>2,286</td><td>603</td><td>226</td><td>47</td><td>158</td><td>1,048</td><td>93</td><td>3,622</td><td>307</td><td>8,390</td><td>4,235</td><td>1,917</td><td>32</td><td>1,560</td><td>1,592</td><td>831</td></tr><tr><td>May 22....................</td><td>24,701</td><td>1,602</td><td>1,616</td><td>400</td><td>51</td><td>102</td><td>701</td><td>519</td><td>2,113</td><td>1,152</td><td>8,256</td><td>6,026</td><td>3,823</td><td>30</td><td>6,366</td><td>6,396</td><td>200</td></tr><tr><td>May 29....................</td><td>25,650</td><td>2,044</td><td>828</td><td>54</td><td>10</td><td>16</td><td>297</td><td>130</td><td>1,593</td><td>436</td><td>5,408</td><td>14,238</td><td>2,031</td><td>23</td><td>3,850</td><td>3,873</td><td>100</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>May 8....................</td><td>9,306</td><td>1,804</td><td>475</td><td>170</td><td>12</td><td>28</td><td>796</td><td>17</td><td>1,505</td><td>143</td><td>4,950</td><td>2,543</td><td>853</td><td>2</td><td>852</td><td>854</td><td>106</td></tr><tr><td>May 15....................</td><td>11,812</td><td>1,824</td><td>524</td><td>157</td><td>14</td><td>135</td><td>781</td><td>92</td><td>1,796</td><td>273</td><td>5,596</td><td>2,355</td><td>1,724</td><td>32</td><td>1,431</td><td>1,453</td><td>674</td></tr><tr><td>May 22....................</td><td>19,628</td><td>1,162</td><td>1,439</td><td>372</td><td>16</td><td>27</td><td>598</td><td>512</td><td>1,480</td><td>1,109</td><td>6,715</td><td>3,500</td><td>3,160</td><td>30</td><td>6,049</td><td>6,079</td><td>174</td></tr><tr><td>May 29....................</td><td>9,746</td><td>706</td><td>597</td><td>54</td><td>1</td><td>14</td><td>209</td><td>119</td><td>1,082</td><td>428</td><td>3,210</td><td>1,688</td><td>1,235</td><td>23</td><td>3,535</td><td>3,555</td><td>55</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>May 8....................</td><td>1,959</td><td>160</td><td>58</td><td>2</td><td>16</td><td>12</td><td>147</td><td>-</td><td>307</td><td>11</td><td>713</td><td>1,049</td><td>45</td><td>-</td><td>119</td><td>119</td><td>33</td></tr><tr><td>May 15....................</td><td>3,026</td><td>347</td><td>64</td><td>29</td><td>3</td><td>16</td><td>186</td><td>1</td><td>953</td><td>13</td><td>1,612</td><td>1,131</td><td>61</td><td>-</td><td>124</td><td>124</td><td>98</td></tr><tr><td>May 22....................</td><td>3,164</td><td>354</td><td>135</td><td>6</td><td>9</td><td>16</td><td>80</td><td>1</td><td>270</td><td>9</td><td>880</td><td>1,795</td><td>193</td><td>-</td><td>287</td><td>287</td><td>9</td></tr><tr><td>May 29....................</td><td>14,883</td><td>1,280</td><td>168</td><td>-</td><td>4</td><td>1</td><td>59</td><td>4</td><td>254</td><td>4</td><td>1,774</td><td>12,252</td><td>589</td><td>-</td><td>226</td><td>226</td><td>42</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>May 8....................</td><td>2,116</td><td>424</td><td>56</td><td>26</td><td>51</td><td>79</td><td>143</td><td>-</td><td>322</td><td>22</td><td>1,123</td><td>817</td><td>171</td><td>1</td><td>4</td><td>5</td><td>-</td></tr><tr><td>May 15....................</td><td>2,127</td><td>115</td><td>15</td><td>40</td><td>30</td><td>7</td><td>61</td><td>-</td><td>873</td><td>21</td><td>1,182</td><td>749</td><td>132</td><td>-</td><td>5</td><td>5</td><td>59</td></tr><tr><td>May 22....................</td><td>1,909</td><td>86</td><td>42</td><td>22</td><td>26</td><td>59</td><td>23</td><td>6</td><td>363</td><td>34</td><td>661</td><td>731</td><td>470</td><td>-</td><td>30</td><td>30</td><td>17</td></tr><tr><td>May 29....................</td><td>1,021</td><td>58</td><td>63</td><td>-</td><td>5</td><td>1</td><td>29</td><td>7</td><td>257</td><td>4</td><td>424</td><td>298</td><td>207</td><td>-</td><td>89</td><td>89</td><td>3</td></tr><tr><td>TOTAL PURCHASES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8....................</td><td>1,062</td><td>97</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>97</td><td>952</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>May 15....................</td><td>1,615</td><td>105</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>106</td><td>1,497</td><td>-</td><td>-</td><td>12</td><td>12</td><td>-</td></tr><tr><td>May 22....................</td><td>1,471</td><td>56</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>440</td><td>-</td><td>496</td><td>962</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>May 29....................</td><td>950</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>824</td><td>-</td><td>-</td><td>12</td><td>12</td><td>-</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>May 8....................</td><td>65</td><td>59</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>59</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15....................</td><td>62</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22....................</td><td>18</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29....................</td><td>117</td><td>113</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>4</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>May 8....................</td><td>39</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15....................</td><td>36</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22....................</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29....................</td><td>10</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8....................</td><td>958</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>923</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>May 15....................</td><td>1,517</td><td>74</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>75</td><td>1,430</td><td>-</td><td>-</td><td>12</td><td>12</td><td>-</td></tr><tr><td>May 22....................</td><td>1,453</td><td>43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>440</td><td>-</td><td>483</td><td>957</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>May 29....................</td><td>823</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>811</td><td>-</td><td>-</td><td>12</td><td>12</td><td>-</td></tr></table>
(Continued on following page)
42
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for May 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-land</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 SALES EXECUTED ASHEAD FOR DOMESTIC ACCOUNTS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8.</td><td>1,305</td><td>318</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>29</td><td>-</td><td>366</td><td>920</td><td>16</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>May 15.</td><td>1,927</td><td>242</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242</td><td>1,677</td><td>5</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>May 22.</td><td>1,074</td><td>76</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>83</td><td>989</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>May 29.</td><td>809</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>809</td><td>-</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>May 8.</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15.</td><td>110</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>102</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22.</td><td>18</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29.</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>May 8.</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15.</td><td>23</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22.</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29.</td><td>145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>145</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>May 8.</td><td>1,286</td><td>318</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>29</td><td>-</td><td>366</td><td>901</td><td>16</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>May 15.</td><td>1,794</td><td>229</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>229</td><td>1,557</td><td>5</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>May 22.</td><td>1,027</td><td>73</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>80</td><td>945</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>May 29.</td><td>659</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>659</td><td>-</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 May 1940
(In thousands of dollars)
<table><tr><th>Balances as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>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>May 8</td><td>41,086</td><td>2,569</td><td>2,612</td><td>1,113</td><td>134</td><td>102</td><td>1,551</td><td>1,051</td><td>3,294</td><td>3,018</td><td>15,450</td><td>12,799</td><td>6,901</td><td>125</td><td>5,484</td><td>5,609</td><td>327</td></tr><tr><td>May 15</td><td>41,852</td><td>2,195</td><td>2,601</td><td>1,089</td><td>125</td><td>114</td><td>1,157</td><td>977</td><td>3,341</td><td>3,151</td><td>14,950</td><td>13,356</td><td>6,950</td><td>136</td><td>6,084</td><td>6,220</td><td>376</td></tr><tr><td>May 22</td><td>33,420</td><td>2,014</td><td>2,578</td><td>842</td><td>70</td><td>121</td><td>1,022</td><td>461</td><td>3,174</td><td>2,283</td><td>12,565</td><td>12,398</td><td>4,792</td><td>79</td><td>3,251</td><td>3,330</td><td>335</td></tr><tr><td>May 29</td><td>31,076</td><td>1,810</td><td>2,292</td><td>833</td><td>71</td><td>116</td><td>927</td><td>337</td><td>3,153</td><td>2,338</td><td>11,877</td><td>12,191</td><td>3,889</td><td>121</td><td>2,694</td><td>2,815</td><td>304</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>May 8</td><td>52,448</td><td>4,609</td><td>6,672</td><td>862</td><td>274</td><td>104</td><td>5,610</td><td>269</td><td>18,998</td><td>2,307</td><td>39,705</td><td>3,923</td><td>4,722</td><td>215</td><td>1,972</td><td>2,187</td><td>1,911</td></tr><tr><td>May 15</td><td>52,698</td><td>4,724</td><td>6,279</td><td>1,254</td><td>292</td><td>115</td><td>5,606</td><td>283</td><td>17,044</td><td>1,787</td><td>37,390</td><td>3,497</td><td>8,249</td><td>218</td><td>2,724</td><td>2,942</td><td>620</td></tr><tr><td>May 22</td><td>50,458</td><td>3,657</td><td>6,285</td><td>1,207</td><td>275</td><td>83</td><td>5,191</td><td>289</td><td>16,147</td><td>1,977</td><td>35,111</td><td>3,889</td><td>8,443</td><td>173</td><td>2,244</td><td>2,417</td><td>588</td></tr><tr><td>May 29</td><td>49,019</td><td>3,340</td><td>6,636</td><td>729</td><td>256</td><td>90</td><td>5,098</td><td>242</td><td>16,410</td><td>1,904</td><td>34,705</td><td>3,365</td><td>8,215</td><td>198</td><td>1,974</td><td>2,172</td><td>562</td></tr></table>
43
Security Transactions in Joint Foreign Arbitrage Accounts as Reported to the Internal Revenue Service in the United States for May 1940
by Brokers and Dealers in the United States
(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</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><b>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>May 8</td><td>330</td><td>29</td><td>7</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>56</td><td>265</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>337</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>7</td><td>275</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>374</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>7</td><td>310</td><td>57</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>181</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>147</td><td>29</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><b>Stocks:</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>May 8</td><td>12</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>7</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>Bonds:</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>May 8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>May 8</td><td>318</td><td>27</td><td>7</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>265</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>336</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>6</td><td>275</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>310</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>181</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>147</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</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><b>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>May 8</td><td>492</td><td>150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>146</td><td>-</td><td>-</td><td>-</td><td>296</td><td>196</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>559</td><td>96</td><td>6</td><td>-</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>-</td><td>177</td><td>382</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>407</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>397</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>245</td><td>69</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>69</td><td>173</td><td>3</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><b>Stocks:</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>May 8</td><td>271</td><td>125</td><td>-</td><td>-</td><td>-</td><td>-</td><td>146</td><td>-</td><td>-</td><td>-</td><td>271</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>139</td><td>58</td><td>6</td><td>-</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>-</td><td>139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>9</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>67</td><td>67</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>67</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Bonds:</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>May 8</td><td>25</td><td>25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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>May 8</td><td>196</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>196</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 15</td><td>420</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>382</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 22</td><td>398</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>397</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>May 29</td><td>178</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>173</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
4
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended-</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th></tr><tr><td>1937-Jan. 6....</td><td>38,171</td><td>37,056</td><td>1,115</td><td>1938-Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>1939-May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td></tr><tr><td>13....</td><td>65,591</td><td>56,170</td><td>9,421</td><td>9....</td><td>12,462</td><td>11,806</td><td>656</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td></tr><tr><td>20....</td><td>81,012</td><td>60,013</td><td>20,999</td><td>16....</td><td>12,986</td><td>15,406</td><td>-2,860</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td></tr><tr><td>27....</td><td>68,904</td><td>59,867</td><td>9,037</td><td>23....</td><td>18,619</td><td>17,759</td><td>860</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td></tr><tr><td>Feb. 3....</td><td>65,470</td><td>55,056</td><td>10,414</td><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td></tr><tr><td>10....</td><td>98,866</td><td>66,819</td><td>32,047</td><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td></tr><tr><td>17....</td><td>77,632</td><td>73,754</td><td>3,878</td><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td></tr><tr><td>24....</td><td>74,853</td><td>64,632</td><td>10,231</td><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>28....</td><td>10,035</td><td>16,353</td><td>-6,318</td></tr><tr><td>Mar. 3....</td><td>74,784</td><td>63,616</td><td>11,168</td><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>July 5....</td><td>13,187</td><td>13,128</td><td>59</td></tr><tr><td>10....</td><td>113,812</td><td>85,119</td><td>28,693</td><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>12....</td><td>7,832</td><td>12,749</td><td>-4,917</td></tr><tr><td>17....</td><td>84,365</td><td>74,045</td><td>10,320</td><td>18....</td><td>12,105</td><td>12,553</td><td>48</td><td>19....</td><td>15,273</td><td>24,653</td><td>-9,380</td></tr><tr><td>24....</td><td>66,507</td><td>69,074</td><td>-2,567</td><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>26....</td><td>23,793</td><td>28,866</td><td>-5,073</td></tr><tr><td>31....</td><td>43,680</td><td>30,086</td><td>13,594</td><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td></tr><tr><td>Apr. 7....</td><td>58,751</td><td>50,982</td><td>7,769</td><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td></tr><tr><td>14....</td><td>58,729</td><td>58,162</td><td>567</td><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td></tr><tr><td>21....</td><td>39,674</td><td>48,278</td><td>-8,604</td><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td></tr><tr><td>28....</td><td>43,143</td><td>54,898</td><td>-11,755</td><td>29....</td><td>38,260</td><td>37,641</td><td>419</td><td>30....</td><td>20,453</td><td>19,904</td><td>549</td></tr><tr><td>May 5....</td><td>44,852</td><td>67,685</td><td>-22,833</td><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td></tr><tr><td>12....</td><td>34,423</td><td>25,111</td><td>9,312</td><td>13....</td><td>38,121</td><td>38,613</td><td>492</td><td>13....</td><td>52,564</td><td>42,611</td><td>3,953</td></tr><tr><td>19....</td><td>26,800</td><td>32,184</td><td>-5,384</td><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>20....</td><td>32,114</td><td>40,019</td><td>-7,905</td></tr><tr><td>26....</td><td>34,169</td><td>25,316</td><td>8,853</td><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td></tr><tr><td>June 2....</td><td>18,912</td><td>14,271</td><td>4,641</td><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>Oct. 4....</td><td>15,174</td><td>29,373</td><td>-14,199</td></tr><tr><td>9....</td><td>31,995</td><td>26,171</td><td>5,824</td><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>11....</td><td>16,594</td><td>22,395</td><td>-5,801</td></tr><tr><td>16....</td><td>32,783</td><td>26,962</td><td>5,821</td><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>18....</td><td>16,146</td><td>18,811</td><td>-2,665</td></tr><tr><td>23....</td><td>21,651</td><td>28,638</td><td>-6,987</td><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>25....</td><td>17,269</td><td>28,434</td><td>-11,165</td></tr><tr><td>30....</td><td>26,474</td><td>19,855</td><td>6,609</td><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>Nov. 1....</td><td>17,198</td><td>24,066</td><td>-6,868</td></tr><tr><td>July 7....</td><td>16,717</td><td>20,597</td><td>-3,880</td><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>8....</td><td>13,059</td><td>20,852</td><td>-7,803</td></tr><tr><td>14....</td><td>41,309</td><td>33,482</td><td>7,827</td><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>15....</td><td>16,948</td><td>23,674</td><td>-6,726</td></tr><tr><td>21....</td><td>34,326</td><td>31,427</td><td>2,899</td><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>22....</td><td>13,093</td><td>15,140</td><td>-2,047</td></tr><tr><td>28....</td><td>48,503</td><td>33,337</td><td>15,166</td><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>29....</td><td>9,289</td><td>12,708</td><td>-3,419</td></tr><tr><td>Aug. 4....</td><td>32,886</td><td>25,129</td><td>7,757</td><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>Dec. 6....</td><td>10,297</td><td>15,064</td><td>-4,767</td></tr><tr><td>11....</td><td>41,681</td><td>33,544</td><td>8,137</td><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>13....</td><td>13,991</td><td>16,437</td><td>-2,446</td></tr><tr><td>18....</td><td>28,433</td><td>27,752</td><td>671</td><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td></tr><tr><td>25....</td><td>31,062</td><td>25,222</td><td>5,840</td><td>26....</td><td>45,644</td><td>33,412</td><td>12,232</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td></tr><tr><td>Sept. 1....</td><td>26,590</td><td>25,761</td><td>829</td><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>-4,100</td></tr><tr><td>8....</td><td>26,093</td><td>23,110</td><td>2,983</td><td>9....</td><td>25,338</td><td>23,665</td><td>1,673</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td></tr><tr><td>15....</td><td>57,789</td><td>45,416</td><td>12,373</td><td>16....</td><td>42,393</td><td>37,886</td><td>4,507</td><td>17....</td><td>15,309</td><td>16,988</td><td>-1,679</td></tr><tr><td>22....</td><td>37,904</td><td>42,672</td><td>-4,767</td><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>24....</td><td>9,969</td><td>11,565</td><td>-1,596</td></tr><tr><td>29....</td><td>38,753</td><td>39,000</td><td>-247</td><td>30....</td><td>19,846</td><td>23,886</td><td>-4,040</td><td>31....</td><td>9,192</td><td>10,056</td><td>-864</td></tr><tr><td>Oct. 6....</td><td>22,337</td><td>24,753</td><td>-2,416</td><td>Dec. 7....</td><td>26,323</td><td>19,764</td><td>6,559</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-787</td></tr><tr><td>13....</td><td>24,003</td><td>36,652</td><td>-12,649</td><td>14....</td><td>19,917</td><td>28,398</td><td>-8,481</td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td></tr><tr><td>20....</td><td>37,540</td><td>41,240</td><td>-3,700</td><td>21....</td><td>36,607</td><td>26,963</td><td>9,644</td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td></tr><tr><td>27....</td><td>54,514</td><td>44,618</td><td>9,896</td><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>28....</td><td>14,835</td><td>11,919</td><td>2,916</td></tr><tr><td>Nov. 3....</td><td>32,346</td><td>24,798</td><td>7,548</td><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td><td>Mar. 6....</td><td>11,723</td><td>10,355</td><td>1,368</td></tr><tr><td>10....</td><td>26,527</td><td>30,716</td><td>-4,189</td><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>13....</td><td>11,518</td><td>12,728</td><td>-1,210</td></tr><tr><td>17....</td><td>29,423</td><td>24,081</td><td>5,342</td><td>18....</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>20....</td><td>11,217</td><td>12,777</td><td>-1,560</td></tr><tr><td>24....</td><td>26,339</td><td>29,814</td><td>-3,475</td><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>27....</td><td>6,176</td><td>9,009</td><td>-2,833</td></tr><tr><td>Dec. 1....</td><td>25,062</td><td>19,104</td><td>6,958</td><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>Apr. 3....</td><td>12,778</td><td>15,770</td><td>-2,992</td></tr><tr><td>8....</td><td>25,512</td><td>19,482</td><td>6,030</td><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>10....</td><td>19,870</td><td>19,172</td><td>698</td></tr><tr><td>15....</td><td>35,481</td><td>26,795</td><td>8,685</td><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>17....</td><td>16,998</td><td>14,067</td><td>2,931</td></tr><tr><td>22....</td><td>24,631</td><td>16,525</td><td>8,106</td><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>24....</td><td>16,284</td><td>17,826</td><td>-1,542</td></tr><tr><td>29....</td><td>20,602</td><td>9,888</td><td>-10,714</td><td>1938-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>Mar. 1....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>8....</td><td>10,392</td><td>11,666</td><td>-1,273</td></tr><tr><td>19....</td><td>24,639</td><td>21,609</td><td>3,030</td><td>15....</td><td>26,725</td><td>27,207</td><td>-182</td><td>15....</td><td>16,102</td><td>15,075</td><td>1,027</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>22....</td><td>16,393</td><td>22,819</td><td>-6,426</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>29....</td><td>29,385</td><td>23,209</td><td>6,177</td><td>29....</td><td>16,006</td><td>24,823</td><td>-8,817</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td></td><td></td><td></td><td></td></tr><tr><td>16....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td></td><td></td><td></td><td></td></tr><tr><td>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>26....</td><td>19,851</td><td>11,245</td><td>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
45
46
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for May 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-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td colspan="19">TOTAL PURCHASES:</td></tr><tr><td>May 8 Spot......</td><td>55,513</td><td>37,358</td><td>2,042</td><td>2,127</td><td>84</td><td>180</td><td>3,411</td><td>240</td><td>1,421</td><td>145</td><td>47,228</td><td>4,968</td><td>574</td><td>1,003</td><td>1,013</td><td>2,016</td><td>827</td></tr><tr><td>May 8 Forward....</td><td>28,432</td><td>21,298</td><td>176</td><td>196</td><td>-</td><td>2</td><td>2,253</td><td>-</td><td>317</td><td>-</td><td>24,272</td><td>1,672</td><td>26</td><td>446</td><td>1,991</td><td>2,437</td><td>25</td></tr><tr><td>May 15 Spot......</td><td>47,233</td><td>34,552</td><td>1,712</td><td>627</td><td>80</td><td>201</td><td>409</td><td>178</td><td>1,954</td><td>138</td><td>39,851</td><td>4,302</td><td>738</td><td>1,257</td><td>618</td><td>1,905</td><td>437</td></tr><tr><td>May 15 Forward....</td><td>27,767</td><td>24,642</td><td>251</td><td>27</td><td>-</td><td>1</td><td>162</td><td>-</td><td>107</td><td>1</td><td>25,211</td><td>1,089</td><td>-</td><td>833</td><td>526</td><td>1,359</td><td>108</td></tr><tr><td>May 22 Spot......</td><td>48,889</td><td>34,509</td><td>3,171</td><td>790</td><td>60</td><td>144</td><td>2</td><td>113</td><td>3,067</td><td>81</td><td>41,937</td><td>4,043</td><td>532</td><td>1,159</td><td>991</td><td>2,150</td><td>227</td></tr><tr><td>May 22 Forward....</td><td>22,306</td><td>18,708</td><td>115</td><td>861</td><td>1</td><td>1</td><td>11</td><td>12</td><td>155</td><td>-</td><td>19,804</td><td>1,578</td><td>-</td><td>505</td><td>344</td><td>849</td><td>15</td></tr><tr><td>May 29 Spot......</td><td>46,874</td><td>33,852</td><td>2,773</td><td>1</td><td>57</td><td>162</td><td>5</td><td>96</td><td>3,354</td><td>66</td><td>40,366</td><td>3,044</td><td>543</td><td>979</td><td>775</td><td>1,754</td><td>567</td></tr><tr><td>May 29 Forward....</td><td>20,539</td><td>19,086</td><td>95</td><td>-</td><td>22</td><td>13</td><td>-</td><td>-</td><td>287</td><td>-</td><td>19,503</td><td>540</td><td>2</td><td>71</td><td>423</td><td>494</td><td>-</td></tr><tr><td colspan="19">Purchases from banks:</td></tr><tr><td>May 8 Spot......</td><td>45,491</td><td>30,758</td><td>1,929</td><td>2,041</td><td>60</td><td>208</td><td>2,044</td><td>217</td><td>1,234</td><td>127</td><td>39,218</td><td>3,887</td><td>515</td><td>818</td><td>955</td><td>1,773</td><td>98</td></tr><tr><td>May 8 Forward....</td><td>19,861</td><td>16,440</td><td>157</td><td>59</td><td>-</td><td>2</td><td>1,117</td><td>-</td><td>281</td><td>-</td><td>18,086</td><td>773</td><td>2</td><td>446</td><td>554</td><td>1,000</td><td>-</td></tr><tr><td>May 15 Spot......</td><td>39,569</td><td>29,099</td><td>1,517</td><td>613</td><td>65</td><td>110</td><td>361</td><td>146</td><td>1,754</td><td>134</td><td>33,799</td><td>3,325</td><td>666</td><td>1,136</td><td>544</td><td>1,680</td><td>99</td></tr><tr><td>May 15 Forward....</td><td>20,019</td><td>17,139</td><td>235</td><td>25</td><td>-</td><td>1</td><td>168</td><td>-</td><td>107</td><td>1</td><td>17,676</td><td>999</td><td>-</td><td>833</td><td>511</td><td>1,344</td><td>-</td></tr><tr><td>May 22 Spot......</td><td>38,489</td><td>26,772</td><td>3,022</td><td>203</td><td>57</td><td>108</td><td>-</td><td>44</td><td>2,778</td><td>76</td><td>33,059</td><td>3,077</td><td>427</td><td>1,044</td><td>837</td><td>1,861</td><td>45</td></tr><tr><td>May 22 Forward....</td><td>16,477</td><td>13,613</td><td>106</td><td>860</td><td>1</td><td>1</td><td>-</td><td>-</td><td>129</td><td>-</td><td>14,710</td><td>1,138</td><td>-</td><td>286</td><td>343</td><td>629</td><td>-</td></tr><tr><td>May 29 Spot......</td><td>36,856</td><td>27,190</td><td>2,668</td><td>-</td><td>55</td><td>109</td><td>-</td><td>72</td><td>2,860</td><td>55</td><td>33,009</td><td>2,161</td><td>250</td><td>795</td><td>581</td><td>1,376</td><td>60</td></tr><tr><td>May 29 Forward....</td><td>15,368</td><td>14,007</td><td>47</td><td>-</td><td>22</td><td>13</td><td>-</td><td>-</td><td>285</td><td>-</td><td>14,374</td><td>512</td><td>2</td><td>69</td><td>411</td><td>480</td><td>-</td></tr><tr><td colspan="19">Purchases from customers other than banks:</td></tr><tr><td>May 8 Spot......</td><td>10,122</td><td>6,500</td><td>113</td><td>86</td><td>24</td><td>172</td><td>787</td><td>23</td><td>187</td><td>18</td><td>8,010</td><td>1,081</td><td>59</td><td>185</td><td>58</td><td>243</td><td>729</td></tr><tr><td>May 8 Forward....</td><td>8,571</td><td>4,858</td><td>19</td><td>137</td><td>-</td><td>-</td><td>1,106</td><td>-</td><td>66</td><td>-</td><td>6,186</td><td>899</td><td>24</td><td>-</td><td>1,437</td><td>1,437</td><td>25</td></tr><tr><td>May 15 Spot......</td><td>7,564</td><td>5,453</td><td>195</td><td>14</td><td>15</td><td>91</td><td>48</td><td>32</td><td>200</td><td>4</td><td>6,052</td><td>977</td><td>72</td><td>151</td><td>74</td><td>225</td><td>338</td></tr><tr><td>May 15 Forward....</td><td>7,748</td><td>7,503</td><td>16</td><td>2</td><td>-</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td><td>7,535</td><td>90</td><td>-</td><td>-</td><td>15</td><td>15</td><td>108</td></tr><tr><td>May 22 Spot......</td><td>10,400</td><td>7,738</td><td>149</td><td>587</td><td>3</td><td>36</td><td>2</td><td>69</td><td>289</td><td>5</td><td>8,878</td><td>966</td><td>105</td><td>115</td><td>154</td><td>269</td><td>182</td></tr><tr><td>May 22 Forward....</td><td>5,829</td><td>5,095</td><td>9</td><td>1</td><td>-</td><td>-</td><td>11</td><td>12</td><td>26</td><td>-</td><td>5,154</td><td>440</td><td>-</td><td>219</td><td>1</td><td>220</td><td>15</td></tr><tr><td>May 29 Spot......</td><td>10,018</td><td>6,662</td><td>105</td><td>1</td><td>2</td><td>53</td><td>5</td><td>24</td><td>494</td><td>11</td><td>7,357</td><td>1,483</td><td>293</td><td>184</td><td>194</td><td>378</td><td>507</td></tr><tr><td>May 29 Forward....</td><td>5,171</td><td>5,079</td><td>48</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>5,129</td><td>28</td><td>-</td><td>2</td><td>12</td><td>14</td><td>-</td></tr><tr><td colspan="19">TOTAL SALES:</td></tr><tr><td>May 8 Spot......</td><td>55,929</td><td>38,009</td><td>2,082</td><td>1,825</td><td>78</td><td>531</td><td>3,396</td><td>167</td><td>1,389</td><td>119</td><td>47,596</td><td>5,155</td><td>547</td><td>1,161</td><td>889</td><td>2,050</td><td>581</td></tr><tr><td>May 8 Forward....</td><td>25,833</td><td>18,132</td><td>287</td><td>283</td><td>1</td><td>19</td><td>2,715</td><td>-</td><td>634</td><td>-</td><td>22,071</td><td>1,379</td><td>79</td><td>518</td><td>1,694</td><td>2,212</td><td>92</td></tr><tr><td>May 15 Spot......</td><td>50,112</td><td>37,593</td><td>1,049</td><td>498</td><td>45</td><td>238</td><td>514</td><td>154</td><td>2,038</td><td>176</td><td>42,905</td><td>4,224</td><td>344</td><td>1,094</td><td>885</td><td>1,979</td><td>660</td></tr><tr><td>May 15 Forward....</td><td>25,271</td><td>22,046</td><td>256</td><td>19</td><td>-</td><td>1</td><td>284</td><td>-</td><td>162</td><td>-</td><td>22,768</td><td>967</td><td>3</td><td>1,070</td><td>388</td><td>1,458</td><td>75</td></tr><tr><td>May 22 Spot......</td><td>49,611</td><td>34,995</td><td>3,470</td><td>860</td><td>54</td><td>161</td><td>118</td><td>150</td><td>2,974</td><td>97</td><td>42,879</td><td>4,128</td><td>604</td><td>675</td><td>1,048</td><td>1,723</td><td>277</td></tr><tr><td>May 22 Forward....</td><td>24,590</td><td>20,051</td><td>130</td><td>795</td><td>1</td><td>-</td><td>-</td><td>-</td><td>41</td><td>-</td><td>21,018</td><td>1,632</td><td>-</td><td>789</td><td>1,138</td><td>1,927</td><td>13</td></tr><tr><td>May 29 Spot......</td><td>47,360</td><td>33,683</td><td>2,941</td><td>9</td><td>64</td><td>192</td><td>295</td><td>168</td><td>3,355</td><td>88</td><td>40,795</td><td>4,173</td><td>477</td><td>784</td><td>920</td><td>1,704</td><td>211</td></tr><tr><td>May 29 Forward....</td><td>20,481</td><td>19,224</td><td>152</td><td>-</td><td>11</td><td>3</td><td>-</td><td>-</td><td>239</td><td>-</td><td>19,629</td><td>525</td><td>37</td><td>267</td><td>23</td><td>290</td><td>-</td></tr><tr><td colspan="19">Sales to banks:</td></tr><tr><td>May 8 Spot......</td><td>41,302</td><td>30,921</td><td>1,331</td><td>735</td><td>38</td><td>223</td><td>2,025</td><td>110</td><td>992</td><td>71</td><td>36,446</td><td>3,212</td><td>257</td><td>504</td><td>406</td><td>910</td><td>477</td></tr><tr><td>May 8 Forward....</td><td>17,296</td><td>12,361</td><td>138</td><td>131</td><td>1</td><td>-</td><td>1,773</td><td>-</td><td>487</td><td>-</td><td>14,891</td><td>1,214</td><td>79</td><td>478</td><td>611</td><td>1,089</td><td>23</td></tr><tr><td>May 15 Spot......</td><td>37,836</td><td>30,047</td><td>889</td><td>176</td><td>11</td><td>130</td><td>282</td><td>81</td><td>1,619</td><td>91</td><td>33,326</td><td>2,956</td><td>182</td><td>486</td><td>333</td><td>819</td><td>553</td></tr><tr><td>May 15 Forward....</td><td>16,224</td><td>13,962</td><td>125</td><td>19</td><td>-</td><td>1</td><td>107</td><td>-</td><td>162</td><td>-</td><td>14,376</td><td>527</td><td>-</td><td>1,063</td><td>183</td><td>1,246</td><td>75</td></tr><tr><td>May 22 Spot......</td><td>38,575</td><td>29,243</td><td>2,307</td><td>856</td><td>19</td><td>76</td><td>50</td><td>89</td><td>2,523</td><td>24</td><td>35,187</td><td>2,483</td><td>347</td><td>233</td><td>179</td><td>412</td><td>146</td></tr><tr><td>May 22 Forward....</td><td>17,681</td><td>15,255</td><td>90</td><td>208</td><td>1</td><td>-</td><td>-</td><td>-</td><td>41</td><td>-</td><td>15,596</td><td>773</td><td>-</td><td>788</td><td>511</td><td>1,299</td><td>13</td></tr><tr><td>May 29 Spot......</td><td>34,722</td><td>26,704</td><td>2,127</td><td>-</td><td>29</td><td>90</td><td>65</td><td>75</td><td>2,709</td><td>18</td><td>31,877</td><td>2,184</td><td>216</td><td>108</td><td>248</td><td>356</td><td>89</td></tr><tr><td>May 29 Forward....</td><td>15,579</td><td>14,720</td><td>97</td><td>-</td><td>11</td><td>3</td><td>-</td><td>-</td><td>146</td><td>-</td><td>14,977</td><td>284</td><td>34</td><td>267</td><td>17</td><td>284</td><td>-</td></tr><tr><td colspan="19">Sales to customers other than banks:</td></tr><tr><td>May 8 Spot......</td><td>14,627</td><td>7,088</td><td>751</td><td>1,090</td><td>40</td><td>308</td><td>1,371</td><td>57</td><td>397</td><td>48</td><td>11,150</td><td>1,943</td><td>290</td><td>657</td><td>483</td><td>1,140</td><td>104</td></tr><tr><td>May 8 Forward....</td><td>8,537</td><td>5,771</td><td>149</td><td>152</td><td>-</td><td>19</td><td>942</td><td>-</td><td>147</td><td>-</td><td>7,180</td><td>166</td><td>-</td><td>40</td><td>1,083</td><td>1,123</td><td>69</td></tr><tr><td>May 15 Spot......</td><td>12,275</td><td>7,546</td><td>760</td><td>322</td><td>34</td><td>108</td><td>232</td><td>73</td><td>419</td><td>85</td><td>9,579</td><td>1,268</td><td>162</td><td>608</td><td>552</td><td>1,160</td><td>107</td></tr><tr><td>May 15 Forward....</td><td>9,047</td><td>8,084</td><td>131</td><td>-</td><td>-</td><td>-</td><td>177</td><td>-</td><td>-</td><td>-</td><td>8,392</td><td>440</td><td>3</td><td>7</td><td>205</td><td>212</td><td>-</td></tr><tr><td>May 22 Spot......</td><td>11,936</td><td>5,752</td><td>1,163</td><td>4</td><td>35</td><td>85</td><td>68</td><td>61</td><td>451</td><td>73</td><td>7,692</td><td>1,045</td><td>257</td><td>442</td><td>869</td><td>1,311</td><td>131</td></tr><tr><td>May 22 Forward....</td><td>6,909</td><td>4,795</td><td>40</td><td>587</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,422</td><td>859</td><td>-</td><td>1</td><td>627</td><td>628</td><td>-</td></tr><tr><td>May 29 Spot......</td><td>12,638</td><td>6,919</td><td>814</td><td>9</td><td>35</td><td>102</td><td>230</td><td>93</td><td>646</td><td>70</td><td>8,918</td><td>1,989</td><td>261</td><td>676</td><td>672</td><td>1,348</td><td>122</td></tr><tr><td>May 29 Forward....</td><td>4,902</td><td>4,504</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93</td><td>-</td><td>4,652</td><td>241</td><td>3</td><td>-</td><td>6</td><td>6</td><td>-</td></tr></table>
47
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during May 1940
(In thousands of dollars)
<table><tr><th>Contracts as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>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>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>280,169</td><td>204,253</td><td>6,323</td><td>3,407</td><td>-</td><td>373</td><td>23,583</td><td>391</td><td>4,505</td><td>80</td><td>242,915</td><td>22,078</td><td>1,368</td><td>3,610</td><td>9,999</td><td>13,609</td><td>199</td></tr><tr><td>May 15</td><td>277,343</td><td>205,125</td><td>2,252</td><td>3,403</td><td>-</td><td>358</td><td>23,450</td><td>271</td><td>4,377</td><td>79</td><td>239,315</td><td>22,133</td><td>1,368</td><td>3,981</td><td>10,289</td><td>14,270</td><td>257</td></tr><tr><td>May 22</td><td>270,854</td><td>198,291</td><td>2,069</td><td>4,264</td><td>1</td><td>358</td><td>23,703</td><td>236</td><td>4,340</td><td>80</td><td>233,342</td><td>21,841</td><td>1,367</td><td>4,050</td><td>10,015</td><td>14,065</td><td>239</td></tr><tr><td>May 29</td><td>257,077</td><td>189,093</td><td>1,767</td><td>4,246</td><td>74</td><td>361</td><td>23,875</td><td>106</td><td>4,004</td><td>80</td><td>223,606</td><td>20,055</td><td>1,358</td><td>3,482</td><td>8,366</td><td>11,848</td><td>210</td></tr><tr><td>Contracts for purchases from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>84,022</td><td>59,104</td><td>4,363</td><td>705</td><td>-</td><td>79</td><td>4,528</td><td>25</td><td>420</td><td>-</td><td>69,224</td><td>9,604</td><td>826</td><td>628</td><td>3,680</td><td>4,308</td><td>-</td></tr><tr><td>May 15</td><td>82,239</td><td>60,462</td><td>1,144</td><td>705</td><td>-</td><td>64</td><td>4,462</td><td>-</td><td>406</td><td>-</td><td>67,243</td><td>9,768</td><td>826</td><td>505</td><td>3,897</td><td>4,402</td><td>-</td></tr><tr><td>May 22</td><td>78,077</td><td>55,473</td><td>1,283</td><td>1,294</td><td>1</td><td>64</td><td>4,539</td><td>-</td><td>528</td><td>-</td><td>63,282</td><td>9,304</td><td>826</td><td>736</td><td>3,869</td><td>4,605</td><td>-</td></tr><tr><td>May 29</td><td>73,548</td><td>52,979</td><td>1,089</td><td>1,270</td><td>22</td><td>64</td><td>4,557</td><td>-</td><td>566</td><td>-</td><td>60,577</td><td>8,159</td><td>817</td><td>649</td><td>3,346</td><td>3,995</td><td>-</td></tr><tr><td>Contracts for purchases from domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>196,147</td><td>145,149</td><td>1,960</td><td>2,702</td><td>-</td><td>294</td><td>19,055</td><td>366</td><td>4,085</td><td>80</td><td>173,691</td><td>12,414</td><td>542</td><td>2,982</td><td>6,319</td><td>9,301</td><td>199</td></tr><tr><td>May 15</td><td>195,104</td><td>144,663</td><td>1,108</td><td>2,698</td><td>-</td><td>294</td><td>18,985</td><td>271</td><td>3,971</td><td>79</td><td>172,072</td><td>12,365</td><td>542</td><td>3,476</td><td>6,392</td><td>9,868</td><td>257</td></tr><tr><td>May 22</td><td>192,777</td><td>142,818</td><td>786</td><td>2,970</td><td>-</td><td>294</td><td>19,064</td><td>236</td><td>3,812</td><td>80</td><td>170,060</td><td>12,477</td><td>541</td><td>3,314</td><td>6,146</td><td>9,460</td><td>239</td></tr><tr><td>May 29</td><td>183,529</td><td>136,114</td><td>678</td><td>2,976</td><td>52</td><td>297</td><td>19,288</td><td>106</td><td>3,438</td><td>80</td><td>163,029</td><td>11,896</td><td>541</td><td>2,833</td><td>5,020</td><td>7,653</td><td>210</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>293,582</td><td>210,998</td><td>5,828</td><td>3,869</td><td>1</td><td>438</td><td>27,980</td><td>454</td><td>5,539</td><td>113</td><td>255,220</td><td>22,415</td><td>2,803</td><td>5,974</td><td>6,932</td><td>12,906</td><td>238</td></tr><tr><td>May 15</td><td>288,139</td><td>209,403</td><td>1,635</td><td>3,765</td><td>-</td><td>424</td><td>28,310</td><td>317</td><td>5,366</td><td>145</td><td>249,374</td><td>22,242</td><td>2,426</td><td>6,721</td><td>7,098</td><td>13,819</td><td>278</td></tr><tr><td>May 22</td><td>282,582</td><td>204,976</td><td>1,429</td><td>4,360</td><td>1</td><td>424</td><td>27,931</td><td>268</td><td>5,062</td><td>114</td><td>244,565</td><td>21,426</td><td>2,439</td><td>6,742</td><td>7,165</td><td>13,907</td><td>245</td></tr><tr><td>May 29</td><td>266,768</td><td>193,319</td><td>1,189</td><td>4,189</td><td>11</td><td>427</td><td>27,922</td><td>207</td><td>4,769</td><td>39</td><td>232,072</td><td>19,955</td><td>2,450</td><td>6,053</td><td>6,007</td><td>12,060</td><td>231</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>79,052</td><td>48,960</td><td>900</td><td>2,258</td><td>-</td><td>85</td><td>6,866</td><td>278</td><td>2,074</td><td>94</td><td>61,515</td><td>8,358</td><td>2,552</td><td>2,609</td><td>3,853</td><td>6,462</td><td>165</td></tr><tr><td>May 15</td><td>80,168</td><td>49,045</td><td>79</td><td>2,277</td><td>-</td><td>85</td><td>7,481</td><td>206</td><td>3,353</td><td>94</td><td>62,620</td><td>8,111</td><td>2,196</td><td>3,127</td><td>3,907</td><td>7,034</td><td>207</td></tr><tr><td>May 22</td><td>78,046</td><td>47,998</td><td>87</td><td>2,801</td><td>-</td><td>85</td><td>7,041</td><td>157</td><td>3,016</td><td>94</td><td>61,279</td><td>8,063</td><td>2,192</td><td>3,258</td><td>3,680</td><td>6,938</td><td>174</td></tr><tr><td>May 29</td><td>74,117</td><td>44,709</td><td>38</td><td>2,626</td><td>-</td><td>88</td><td>7,413</td><td>99</td><td>2,752</td><td>20</td><td>57,745</td><td>7,575</td><td>2,205</td><td>2,758</td><td>3,669</td><td>6,427</td><td>165</td></tr><tr><td>Contracts for sale to domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 8</td><td>214,530</td><td>162,038</td><td>4,928</td><td>1,611</td><td>1</td><td>353</td><td>21,114</td><td>176</td><td>3,465</td><td>19</td><td>193,705</td><td>14,057</td><td>251</td><td>3,365</td><td>3,079</td><td>6,444</td><td>73</td></tr><tr><td>May 15</td><td>207,971</td><td>160,358</td><td>1,556</td><td>1,488</td><td>-</td><td>339</td><td>20,838</td><td>111</td><td>2,013</td><td>51</td><td>186,754</td><td>14,131</td><td>230</td><td>3,594</td><td>3,191</td><td>6,785</td><td>71</td></tr><tr><td>May 22</td><td>203,936</td><td>156,978</td><td>1,342</td><td>1,559</td><td>1</td><td>339</td><td>20,890</td><td>111</td><td>2,046</td><td>20</td><td>183,286</td><td>13,363</td><td>247</td><td>3,484</td><td>3,485</td><td>6,969</td><td>71</td></tr><tr><td>May 29</td><td>192,651</td><td>148,610</td><td>1,151</td><td>1,563</td><td>11</td><td>339</td><td>20,509</td><td>108</td><td>2,017</td><td>19</td><td>174,327</td><td>12,180</td><td>245</td><td>3,295</td><td>2,338</td><td>5,633</td><td>66</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for May 1940
(In thousands of dollars)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="13">Currency of-</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>May 8</td><td>-16,759</td><td>-4,900</td><td>+509</td><td>-1,258</td><td>-86</td><td>-344</td><td>-4,831</td><td>-492</td><td>-1,044</td><td>-750</td><td>-13,196</td><td>+976</td><td>-576</td><td>-3,687</td><td>-274</td><td>-3,961</td><td>-2</td></tr><tr><td>May 15</td><td>-16,505</td><td>-5,038</td><td>+504</td><td>-1,115</td><td>-55</td><td>-380</td><td>-5,037</td><td>-183</td><td>-1,141</td><td>-795</td><td>-13,540</td><td>+1,345</td><td>-189</td><td>-3,749</td><td>-382</td><td>-4,132</td><td>+10</td></tr><tr><td>May 22</td><td>-19,321</td><td>-6,527</td><td>+146</td><td>-1,120</td><td>-49</td><td>-396</td><td>-5,136</td><td>-512</td><td>-967</td><td>-806</td><td>-15,367</td><td>+1,206</td><td>-251</td><td>-3,575</td><td>-1,209</td><td>-4,784</td><td>-125</td></tr><tr><td>May 29</td><td>-19,645</td><td>-6,668</td><td>-130</td><td>-1,129</td><td>-43</td><td>-409</td><td>-5,427</td><td>-586</td><td>-921</td><td>-834</td><td>-15,547</td><td>+678</td><td>-231</td><td>-3,587</td><td>-947</td><td>-4,534</td><td>-11</td></tr></table>
OTHER MONETARY STATISTICS
— 48 —
49
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>Gold Certificates 1/</th><th>Gold Reserve against U. S. notes, etc. 2/</th><th>Stabilization Fund 3/</th><th>Cold 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>1,608.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,600.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,043.4</td><td>15,276.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1939-July</td><td>16,237.5</td><td>13,549.8</td><td>156.0</td><td>1,800.0</td><td>331.7</td></tr><tr><td>Aug.</td><td>16,545.1</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>17,545.4</td><td>15,278.5</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>18,432.3</td><td>15,143.8</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>19,203.9</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>19,363.1</td><td>17,821.2</td><td>156.0</td><td>1,800.0</td><td>185.9</td></tr><tr><td>July</td><td>20,461.8</td><td>18,268.3</td><td>156.0</td><td>1,800.0</td><td>237.5</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 $345,531,016 United States notes and $1,157,122 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>Zuther-lande</th><th>Seitser-land</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</th><th>British India</th><th>Aus-tralie</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 import* or net ex-ports (-)</th></tr><tr><td>1934</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936</td><td>174.2</td><td>573.7</td><td>71.0</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,116.6</td></tr><tr><td>1937</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.8</td><td>34.7</td><td>25.4</td><td>18.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1939</td><td>1,825.4</td><td>3.5</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-July</td><td>177.5</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>278.5</td></tr><tr><td>Aug.</td><td>163.7</td><td>-</td><td>22.5</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>259.3</td></tr><tr><td>Sept.</td><td>162.4</td><td>.1</td><td>-</td><td>1.5</td><td>120.5</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>.3</td><td>1.4</td><td>5.2</td><td>1.2</td><td>326.1</td></tr><tr><td>Oct.</td><td>10.2</td><td>-</td><td>3.0</td><td>-</td><td>9.9</td><td>1.8</td><td>12.5</td><td>-</td><td>2.7</td><td>8.4</td><td>3.2</td><td>-</td><td>1.0</td><td>.8</td><td>4.1</td><td>12.1</td><td>69.7</td></tr><tr><td>Nov.</td><td>18.5</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>308.3</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>435.1</td></tr><tr><td>June.</td><td>128.9</td><td>241.5</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><tr><td>July.</td><td>301.7</td><td>-</td><td>.1</td><td>-</td><td>172.3</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>5.3</td><td>2.8</td><td>5.9</td><td>.8</td><td>1.5</td><td>1.6</td><td>26.1</td><td>520.0</td></tr></table>
1
including Hong Kong.
Monetary Stocks of Gold and Silver
(in millions of dollars - on basic, daily Treasury statements, revised)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of Silver to Gold and Silver in Monetary Stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,508.4</td><td>2,242.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,953.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1939-July</td><td>16,238.0</td><td>3,649.1</td><td>18.3</td></tr><tr><td>Aug.</td><td>16,945.7</td><td>3,582.4</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>3,924.5</td><td>17.0</td></tr><tr><td>June.</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>July</td><td>20,461.8</td><td>3,957.4</td><td>16.2</td></tr></table>
Preliminary:
MONETARY STOCKS OF GOLD AND SILVER IN U.S.
Gold per Ounce $35.00; Silver per Ounce $1.29
50
51
Components of Silver Monetary Stock
(In millions of dollars - on basis of daily Treasury statements, revised)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per ounce</th></tr><tr><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th>Silver dollars 1/</th><th>Sub-sidiary coin 2/</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Sub-sidiary coin 2/</th><th>Bullion for recoin-age 2/</th><th>Bullion at cost</th><th>Silver dollars</th><th>Sub-sidiary coin 2/</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-July</td><td>1,246.9</td><td>501.8</td><td>3.3</td><td>.2</td><td>593.8</td><td>45.3</td><td>377.8</td><td>3,649.1</td></tr><tr><td>Aug.</td><td>1,257.2</td><td>501.3</td><td>2.9</td><td>-</td><td>600.6</td><td>45.8</td><td>379.8</td><td>3,682.4</td></tr><tr><td>Sept.</td><td>1,266.7</td><td>500.9</td><td>3.7</td><td>-</td><td>605.0</td><td>46.2</td><td>382.8</td><td>3,709.8</td></tr><tr><td>Oct.</td><td>1,277.8</td><td>500.7</td><td>4.8</td><td>.1</td><td>608.1</td><td>46.4</td><td>384.8</td><td>3,733.7</td></tr><tr><td>Nov.</td><td>1,287.6</td><td>500.1</td><td>4.9</td><td>.1</td><td>612.4</td><td>46.9</td><td>389.5</td><td>3,762.0</td></tr><tr><td>Dec.</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940-Jan.</td><td>1,308.3</td><td>499.0</td><td>6.6</td><td>.1</td><td>621.8</td><td>48.0</td><td>393.5</td><td>3,817.6</td></tr><tr><td>Feb.</td><td>1,318.8</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>3,901.8</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>3.6</td><td>.8</td><td>643.3</td><td>49.0</td><td>398.6</td><td>3,939.6</td></tr><tr><td>July</td><td>1,361.6</td><td>497.9</td><td>2.8</td><td>.3</td><td>647.5</td><td>49.0</td><td>398.6</td><td>3,957.4</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- ized 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-July</td><td>5.4</td><td>3.4</td><td>-</td><td>-</td><td>28.6</td><td>12.0</td><td>33.9</td><td>15.4</td></tr><tr><td>Aug.</td><td>3.1</td><td>2.0</td><td>-</td><td>-</td><td>22.8</td><td>9.7</td><td>25.9</td><td>11.7</td></tr><tr><td>Sep.</td><td>3.0</td><td>2.0</td><td>-</td><td>-</td><td>17.8</td><td>7.7</td><td>20.8</td><td>9.7</td></tr><tr><td>Oct.</td><td>7.2</td><td>4.8</td><td>-</td><td>-</td><td>11.4</td><td>4.9</td><td>18.6</td><td>9.7</td></tr><tr><td>Nov.</td><td>6.5</td><td>4.5</td><td>-</td><td>-</td><td>15.3</td><td>6.3</td><td>21.8</td><td>10.8</td></tr><tr><td>Dec.</td><td>5.1</td><td>3.6</td><td>-</td><td>-</td><td>16.8</td><td>6.8</td><td>21.9</td><td>10.4</td></tr><tr><td>1940-Jan.</td><td>7.3</td><td>5.2</td><td>-</td><td>-</td><td>14.0</td><td>5.7</td><td>21.3</td><td>10.9</td></tr><tr><td>Feb.</td><td>4.5</td><td>3.2</td><td>-</td><td>-</td><td>20.9</td><td>7.8</td><td>25.4</td><td>11.0</td></tr><tr><td>Mar.</td><td>5.6</td><td>4.0</td><td>-</td><td>-</td><td>11.8</td><td>4.4</td><td>17.4</td><td>8.4</td></tr><tr><td>Apr.</td><td>4.5</td><td>3.2</td><td>-</td><td>-</td><td>17.4</td><td>6.3</td><td>21.9</td><td>9.5</td></tr><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><tr><td>July</td><td>5.8</td><td>3.8</td><td>-</td><td>-</td><td>13.4</td><td>4.7</td><td>19.2</td><td>8.5</td></tr></table>
1/ Acquired at 61.64¢ cents per fine ounce until April 9, 1935; at 71.11¢ cents per fine ounce from that date until April 23, 1935; at 77.57¢ cents from April 23, 1935 to December 31, 1937; at 64.64¢ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11¢ cents since July 1, 1939.
2/ Acquired at 50.01 cents per fine ounces. 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>1,103</td><td>4,076</td><td>169,159</td></tr><tr><td>1934</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>14,891</td><td>11,257</td><td>7,863</td><td>5,818</td><td>1,179</td><td>4,722</td><td>190,395</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>19,704</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>15,708</td><td>21,053</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,913</td><td>5,200</td><td>274,538</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>22,631</td><td>15,043</td><td>13,115</td><td>5,947</td><td>2,406</td><td>5,681</td><td>267,933</td></tr><tr><td>1939</td><td>63,872</td><td>24,538</td><td>75,869</td><td>18,802</td><td>17,461</td><td>22,190</td><td>15,464</td><td>14,015*</td><td>6,830</td><td>2,938</td><td>5,364</td><td>267,343</td></tr><tr><td>1939-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 4/</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 4/</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 4/</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 4/</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 4/</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 4/</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 4/</td><td>450</td><td>543</td><td>22,174</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 4/</td><td>400</td><td>539</td><td>23,452</td></tr><tr><td>Feb.</td><td>5,611</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>22,058</td></tr><tr><td>Mar.</td><td>5,744</td><td>1,786</td><td>5,723</td><td>2,000</td><td>1,644</td><td>1,900</td><td>5/</td><td>900*</td><td>5/</td><td>375</td><td>529</td><td>22,501</td></tr><tr><td>Apr.</td><td>6,120</td><td>1,770</td><td>8,140</td><td>1,500</td><td>1,799</td><td>1,900</td><td>5/</td><td>900*</td><td>5/</td><td>375</td><td>547</td><td>24,935</td></tr><tr><td>May</td><td>5,840</td><td>1,997</td><td>5,619</td><td>1,500</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><tr><td>June</td><td>5,373</td><td>5/</td><td>5/</td><td>1,300</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 Chosen and Taiwan.
4/ Burra, refined silver.
5/ Not yet reported. No longer reported. Estimated at about previous rate.
52
Net Movement of Silver to and from the United States
(In thousands of dollars - as reported by U. S. Department of Commerce)
<table><tr><th>Calendar year and month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>381</td></tr><tr><td>1935</td><td>265,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>20,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,381</td><td>2,858</td></tr><tr><td>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>31,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>1939-July</td><td>434</td><td>15</td><td>799</td><td>1,641</td><td>5</td><td>67</td><td>516</td><td>1,404</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>351</td></tr><tr><td>Sept.</td><td>-584</td><td>-93</td><td>786</td><td>2,326</td><td>15</td><td>124</td><td>548</td><td>123</td></tr><tr><td>Oct.</td><td>-1,430</td><td>-97</td><td>503</td><td>2,607</td><td>3</td><td>134</td><td>597</td><td>284</td></tr><tr><td>Nov.</td><td>-135</td><td>-157</td><td>596</td><td>2,382</td><td>7</td><td>-3</td><td>344</td><td>336</td></tr><tr><td>Dec.</td><td>-90</td><td>-109</td><td>508</td><td>2,263</td><td>-</td><td>71</td><td>447</td><td>135</td></tr><tr><td>1940-Jan.</td><td>14</td><td>-105</td><td>751</td><td>2,539</td><td>4</td><td>-5</td><td>400</td><td>523</td></tr><tr><td>Feb.</td><td>3</td><td>-134</td><td>647</td><td>2,322</td><td>-</td><td>11</td><td>467</td><td>174</td></tr><tr><td>Mar.</td><td>-</td><td>-475</td><td>309</td><td>2,556</td><td>4</td><td>202</td><td>612</td><td>221</td></tr><tr><td>Apr.</td><td>209</td><td>-424</td><td>634</td><td>2,453</td><td>3</td><td>149</td><td>627</td><td>158</td></tr><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>616</td><td>1,713</td><td>-</td><td>189</td><td>618</td><td>173</td></tr><tr><td>July.</td><td>-</td><td>13</td><td>808</td><td>1,639</td><td>-</td><td>48</td><td>505</td><td>147</td></tr></table>
<table><tr><th>Calendar year and month</th><th>British India</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,852</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>1939-July</td><td>-</td><td>-</td><td>-</td><td>635</td><td>216</td><td>158</td><td>4,891</td></tr><tr><td>Aug.</td><td>-35</td><td>-</td><td>-</td><td>155</td><td>149</td><td>75</td><td>3,428</td></tr><tr><td>Sept.</td><td>-203</td><td>-</td><td>-</td><td>161</td><td>55</td><td>89</td><td>3,347</td></tr><tr><td>Oct.</td><td>-</td><td>-</td><td>2,404</td><td>415</td><td>87</td><td>-11</td><td>5,495</td></tr><tr><td>Nov.</td><td>-</td><td>-</td><td>-</td><td>155</td><td>75</td><td>95</td><td>3,696</td></tr><tr><td>Dec.</td><td>-257</td><td>-</td><td>-</td><td>127</td><td>74</td><td>40</td><td>2,908</td></tr><tr><td>1940-Jan.</td><td>-184</td><td>-</td><td>-</td><td>1,261</td><td>92</td><td>56</td><td>5,347</td></tr><tr><td>Feb.</td><td>-</td><td>-</td><td>-</td><td>170</td><td>55</td><td>59</td><td>3,773</td></tr><tr><td>Mar.</td><td>48</td><td>-</td><td>-</td><td>1,419</td><td>118</td><td>52</td><td>5,067</td></tr><tr><td>Apr.</td><td>-</td><td>-</td><td>-</td><td>504</td><td>125</td><td>139</td><td>4,576</td></tr><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><tr><td>July.</td><td>-</td><td>-</td><td>-</td><td>437</td><td>1,612</td><td>153</td><td>5,363</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)
<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 colspan="6">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in General Fund</th></tr><tr><th></th><th></th><th>Mine. silver (incl. silver bullion held June 14, 1934)</th><th>Novly-mined silver (Proc. Dec. 21, 1933)</th><th>Novly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalised silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th></th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>137.5</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>276.7</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>398.4</td></tr><tr><td>1937</td><td>61.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>543.9</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>773.9</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940-Jan.</td><td>92.9</td><td>48.7</td><td>87.5</td><td>6.3</td><td>533.8</td><td>34.7</td><td>711.0</td><td>961.5</td></tr><tr><td>Feb.</td><td>93.9</td><td>48.7</td><td>87.5</td><td>7.7</td><td>538.3</td><td>34.7</td><td>716.9</td><td>972.1</td></tr><tr><td>Mar.</td><td>94.7</td><td>48.7</td><td>87.5</td><td>9.5</td><td>542.3</td><td>34.7</td><td>722.7</td><td>987.6</td></tr><tr><td>Apr.</td><td>95.5</td><td>48.7</td><td>87.5</td><td>11.0</td><td>546.4</td><td>34.7</td><td>728.3</td><td>998.1</td></tr><tr><td>May</td><td>97.2</td><td>48.7</td><td>87.5</td><td>12.6</td><td>549.2</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><tr><td>July</td><td>99.8</td><td>48.7</td><td>87.6</td><td>15.9</td><td>553.4</td><td>34.7</td><td>740.3</td><td>1,025.0</td></tr></table>
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
53
Value of Selected Currencies in Terms of Gold
1928 - 100
<table><tr><th>Monthly average of daily quotations</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Nether-lands</th><th>Switzer-land</th><th>Belgium</th><th>Japan</th><th>Italy</th><th>China 1/</th></tr><tr><td>1931-Dec.</td><td>100</td><td>69</td><td>100</td><td>100</td><td>101</td><td>100</td><td>87</td><td>97</td><td>53</td></tr><tr><td>1932-Dec.</td><td>100</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>42</td><td>97</td><td>43</td></tr><tr><td>1933-Dec.</td><td>64</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>39</td><td>100</td><td>47</td></tr><tr><td>1934-Dec.</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>100</td><td>34</td><td>96</td><td>45</td></tr><tr><td>1935-Dec.</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>72</td><td>34</td><td>91</td><td>39</td></tr><tr><td>1936-Dec.</td><td>59</td><td>60</td><td>70</td><td>80</td><td>70</td><td>72</td><td>34</td><td>59</td><td>39</td></tr><tr><td>1937-Dec.</td><td>59</td><td>61</td><td>51</td><td>82</td><td>71</td><td>72</td><td>34</td><td>59</td><td>39</td></tr><tr><td>1938-Dec.</td><td>59</td><td>57</td><td>40</td><td>80</td><td>69</td><td>72</td><td>32</td><td>59</td><td>21</td></tr><tr><td>1939-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-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>Oot.</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 3/</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><tr><td>July.</td><td>59</td><td>46</td><td>-</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
54
55
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
Calendar Years 1938 and 1939, and June 1939 to June 1940
<table><tr><th rowspan="2"></th><th colspan="13">Number of Vessels</th></tr><tr><th>Calendar Year</th><th>1938</th><th>1939</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>Grand total</td><td>31,710</td><td>34,192</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>2,136</td><td>3,055</td><td>3,438</td></tr><tr><td>Cleared to Great Lakes ports</td><td>7,423</td><td>7,963</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><td>1,184</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>24,287</td><td>26,229</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><td>2,254</td></tr><tr><td>American vessels</td><td>7,335</td><td>7,822</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><td>797</td></tr><tr><td>Foreign vessels</td><td>16,952</td><td>18,407</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><td>1,457</td></tr><tr><td>Belgian</td><td>81</td><td>102</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><td>13</td></tr><tr><td>British</td><td>9,052</td><td>9,954</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><td>847</td></tr><tr><td>Danish</td><td>520</td><td>604</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><td>3</td></tr><tr><td>Dutch</td><td>525</td><td>653</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><td>31</td></tr><tr><td>Finnish</td><td>45</td><td>85</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><td>12</td></tr><tr><td>French</td><td>322</td><td>285</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><td>21</td></tr><tr><td>German</td><td>566</td><td>334</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><td>-</td></tr><tr><td>Greek</td><td>168</td><td>247</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><td>19</td></tr><tr><td>Honduran</td><td>639</td><td>699</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><td>80</td></tr><tr><td>Italian</td><td>304</td><td>278</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><td>12</td></tr><tr><td>Japanese</td><td>679</td><td>793</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><td>65</td></tr><tr><td>Nicaraguan</td><td>84</td><td>149</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><td>9</td></tr><tr><td>Norwegian</td><td>2,858</td><td>2,744</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><td>192</td></tr><tr><td>Panamanian</td><td>403</td><td>580</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><td>56</td></tr><tr><td>Swedish</td><td>386</td><td>467</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><td>20</td></tr><tr><td>Other flags</td><td>320</td><td>433</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><td>77</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="13">Net Registered Tonnage (in thousands)</th></tr><tr><th>Calendar Year</th><th>1938</th><th>1939</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>Grand total</td><td>71,286</td><td>70,306</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><td>5,906</td></tr><tr><td>Cleared to Great Lakes ports</td><td>12,181</td><td>12,030</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>342</td><td>65</td><td>87</td><td>81</td><td>667</td><td>1,674</td><td>1,890</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>59,105</td><td>58,276</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><td>4,016</td></tr><tr><td>American vessels</td><td>15,560</td><td>14,869</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><td>1,518</td></tr><tr><td>Foreign vessels</td><td>43,545</td><td>43,407</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><td>2,498</td></tr><tr><td>Belgian</td><td>289</td><td>371</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><td>54</td></tr><tr><td>British</td><td>16,147</td><td>14,904</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><td>853</td></tr><tr><td>Danish</td><td>1,324</td><td>1,480</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><td>9</td></tr><tr><td>Dutch</td><td>2,449</td><td>2,968</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><td>104</td></tr><tr><td>Finnish</td><td>95</td><td>137</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><td>14</td></tr><tr><td>French</td><td>2,350</td><td>1,922</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><td>81</td></tr><tr><td>German</td><td>3,577</td><td>2,141</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><td>-</td></tr><tr><td>Greek</td><td>528</td><td>833</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><td>67</td></tr><tr><td>Honduran</td><td>946</td><td>914</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><td>107</td></tr><tr><td>Italian</td><td>2,116</td><td>1,982</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>185</td><td>39</td></tr><tr><td>Japanese</td><td>3,183</td><td>3,839</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><td>340</td></tr><tr><td>Nicaraguan</td><td>27</td><td>65</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><td>3</td></tr><tr><td>Norwegian</td><td>7,181</td><td>7,417</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><td>435</td></tr><tr><td>Panamanian</td><td>1,375</td><td>2,097</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><td>176</td></tr><tr><td>Swedish</td><td>1,299</td><td>1,454</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><td>58</td></tr><tr><td>Other flags</td><td>659</td><td>883</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><td>158</td></tr></table>
56
Vessels Cleared from the United States, Direct for Foreign Ports Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="13">Number of Vessels</th></tr><tr><th>Calendar year</th><th colspan="7">1939</th><th colspan="7">1940</th></tr><tr><th></th><th>1938</th><th>1939</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>Baltimore</td><td>553</td><td>679</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><td>53</td></tr><tr><td>Boston</td><td>795</td><td>804</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>67</td><td>79</td></tr><tr><td>Miami</td><td>1,024</td><td>943</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>94</td><td>133</td><td>73</td></tr><tr><td>New York</td><td>3,844</td><td>3,929</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><td>324</td></tr><tr><td>Norfolk & Newport News</td><td>581</td><td>639</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><td>68</td></tr><tr><td>Philadelphia</td><td>453</td><td>564</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><td>56</td></tr><tr><td>Gavannah</td><td>137</td><td>209</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><td>18</td></tr><tr><td>Corpus Christi</td><td>255</td><td>275</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><td>22</td></tr><tr><td>Galveston</td><td>624</td><td>469</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><td>27</td></tr><tr><td>Houston</td><td>546</td><td>542</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><td>16</td></tr><tr><td>Mobile</td><td>430</td><td>322</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><td>35</td></tr><tr><td>New Orleans</td><td>1,240</td><td>1,156</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><td>102</td></tr><tr><td>Port Arthur</td><td>403</td><td>309</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><td>27</td></tr><tr><td>Los Angeles</td><td>1,310</td><td>1,392</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>84</td><td>88</td><td>105</td></tr><tr><td>Port Angeles, Wash.</td><td>1,235</td><td>1,437</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><td>126</td></tr><tr><td>San Francisco</td><td>551</td><td>530</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><td>37</td></tr><tr><td>Seattle</td><td>1,743</td><td>1,682</td><td>129</td><td>164</td><td>184</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><td>156</td></tr><tr><td>Ashtabula</td><td>242</td><td>236</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><td>45</td></tr><tr><td>Buffalo</td><td>346</td><td>455</td><td>54</td><td>46</td><td>59</td><td>73</td><td>49</td><td>77</td><td>18</td><td>-</td><td>-</td><td>-</td><td>6</td><td>36</td><td>49</td></tr><tr><td>Detroit</td><td>759</td><td>1,013</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><td>197</td></tr><tr><td>Rochester</td><td>694</td><td>595</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><td>97</td></tr><tr><td>Toledo</td><td>483</td><td>642</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><td>173</td></tr><tr><td>Other ports</td><td>13,462</td><td>15,370</td><td>1,590</td><td>2,547</td><td>2,460</td><td>1,772</td><td>1,339</td><td>1,158</td><td>695</td><td>591</td><td>570</td><td>653</td><td>750</td><td>1,251</td><td>1,543</td></tr><tr><td>Total</td><td>31,710</td><td>34,192</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><td>3,438</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="8">1939</th><th colspan="8">1940</th></tr><tr><th>1938</th><th>1939</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>Baltimore</td><td>1,442</td><td>1,880</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><td>155</td></tr><tr><td>Boston</td><td>2,795</td><td>2,530</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><td>144</td></tr><tr><td>Miami</td><td>871</td><td>886</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><td>54</td></tr><tr><td>New York</td><td>20,861</td><td>19,566</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>1,256</td><td>1,279</td><td>1,126</td></tr><tr><td>Sorfolk & Newport News</td><td>1,506</td><td>1,677</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><td>165</td></tr><tr><td>Philadelphia</td><td>1,277</td><td>1,580</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><td>179</td></tr><tr><td>Savannah</td><td>389</td><td>554</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><td>39</td></tr><tr><td>Corpus Christi</td><td>1,120</td><td>1,258</td><td>95</td><td>116</td><td>166</td><td>102</td><td>107</td><td>68</td><td>82</td><td>60</td><td>50</td><td>79</td><td>57</td><td>66</td><td>98</td></tr><tr><td>Galveston</td><td>1,716</td><td>1,354</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><td>51</td></tr><tr><td>Houston</td><td>2,288</td><td>2,230</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><td>55</td></tr><tr><td>Mobile</td><td>571</td><td>542</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><td>49</td></tr><tr><td>New Orleans</td><td>3,296</td><td>3,072</td><td>206</td><td>211</td><td>277</td><td>238</td><td>331</td><td>260</td><td>264</td><td>214</td><td>273</td><td>255</td><td>216</td><td>264</td><td>237</td></tr><tr><td>Port Arthur</td><td>1,583</td><td>1,316</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><td>100</td></tr><tr><td>Los Angeles</td><td>5,206</td><td>5,553</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><td>340</td></tr><tr><td>Port Angeles, Wash.</td><td>932</td><td>889</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><td>97</td></tr><tr><td>San Francisco</td><td>2,154</td><td>2,159</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><td>152</td></tr><tr><td>San</td><td>3,270</td><td>3,198</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><td>254</td></tr><tr><td>Ashabella</td><td>691</td><td>601</td><td>84</td><td>96</td><td>81</td><td>83</td><td>98</td><td>131</td><td>15</td><td>-</td><td>-</td><td>-</td><td>72</td><td>174</td><td>125</td></tr><tr><td>Buffalo</td><td>545</td><td>985</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><td>102</td></tr><tr><td>Detroit</td><td>1,331</td><td>1,538</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>154</td><td>244</td></tr><tr><td>Bochester</td><td>1,803</td><td>1,407</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>81</td><td>97</td><td>163</td><td>199</td></tr><tr><td>Folledo</td><td>1,179</td><td>1,368</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><td>334</td></tr><tr><td>Other ports</td><td>14,160</td><td>14,164</td><td>1,382</td><td>1,611</td><td>1,472</td><td>1,458</td><td>1,492</td><td>1,686</td><td>751</td><td>627</td><td>627</td><td>571</td><td>946</td><td>1,445</td><td>1,577</td></tr><tr><td>Total</td><td>71,286</td><td>70,306</td><td>6,664</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>5,845</td><td>5,906</td></tr></table>
57
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas through Aug. 3, 1940</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>86,620</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 July 1, 1940</td><td>Head</td><td>51,720</td><td>6,061</td></tr><tr><td>From other countries.</td><td>Quarter year from July 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>4,161</td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>440</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>6,123,699</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>74,049,718</td></tr><tr><td>Other.</td><td>12 months from Sept. 15, 1939</td><td>Pound</td><td>60,000,000</td><td>35,685,061</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>11,348,948</td></tr><tr><td>Molasses and sugar syrups, containing soluble nonsugar solids equal to more than 6% of total soluble solids.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oils:</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>825,133,428</td></tr><tr><td>From Netherlands and Netherlands Indies.</td><td>Calendar year</td><td>Gallon</td><td>527,691,192</td><td>403,482,442</td></tr><tr><td>From Colombia.</td><td>Calendar year</td><td>Gallon</td><td>103,978,560</td><td>15,365,103</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>213,949,338</td></ref
50
Summary of Criminal Cases in the United State
District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal Revenue 1
r the month of June 19
INVENTORY
<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>18,386</td><td>2,624</td><td>3,503</td><td>17,501</td><td>- 879</td></tr><tr><td>Alcohol Tax.</td><td>14,672</td><td>2,032</td><td>2,686</td><td>14,018</td><td>- 654</td></tr><tr><td>Customs....</td><td>227</td><td>39</td><td>29</td><td>237</td><td>+ 10</td></tr><tr><td>Narcotica...</td><td>2,149</td><td>317</td><td>447</td><td>2,019</td><td>- 130</td></tr><tr><td>Secret Service...</td><td>907</td><td>231</td><td>317</td><td>821</td><td>- 86</td></tr><tr><td>Internal Revenue...</td><td>431</td><td>5</td><td>24</td><td>412</td><td>- 19</td></tr></table>
DISPOSITIONS
<table><tr><th>Bureau</th><th>Number cases closed</th><th>Number cases transferred 2/</th><th colspan="3">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th></th><th></th><th></th><th>Before indictment</th><th>After indictment</th><th>Acquittals</th><th>Total</th><th>Found guilty</th><th>Pled guilty</th><th>Total</th></tr><tr><td>Total......</td><td>3,503</td><td>174</td><td>13</td><td>12</td><td>5</td><td>30</td><td>7</td><td>63</td><td>70</td></tr><tr><td>Alcohol tax.</td><td>2,686</td><td>106</td><td>15</td><td>12</td><td>5</td><td>32</td><td>7</td><td>61</td><td>68</td></tr><tr><td>Custose 3/.</td><td>29</td><td>-</td><td>10</td><td>38</td><td>-</td><td>48</td><td>7</td><td>45</td><td>52</td></tr><tr><td>Narcotics 3/</td><td>447</td><td>40</td><td>7</td><td>15</td><td>1</td><td>23</td><td>8</td><td>69</td><td>77</td></tr><tr><td>Secret Service 4/</td><td>317</td><td>28</td><td>8</td><td>3</td><td>2</td><td>13</td><td>3</td><td>84</td><td>87</td></tr><tr><td>Internal Revenue...</td><td>24</td><td>-</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td></tr></table>
SIXTY9C29
<table><tr><th>Bureau</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prohibited</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>Total</td><td>2,227</td><td>60</td><td>38</td><td>21</td><td>376</td><td>386</td><td>176,915</td></tr><tr><td>Alcohol</td><td>1,764</td><td>58</td><td>38</td><td>21</td><td>302</td><td>426</td><td>155,019</td></tr><tr><td>Tax &amp; Customs</td><td>15</td><td>47</td><td>53</td><td>20</td><td>143</td><td>1,200</td><td>3,600</td></tr><tr><td>Sarcotics</td><td>202</td><td>70</td><td>37</td><td>19</td><td>674</td><td>126</td><td>4,787</td></tr><tr><td>Secret Service</td><td>239</td><td>70</td><td>38</td><td>21</td><td>593</td><td>198</td><td>9,709</td></tr><tr><td>Internal Revenue</td><td>7</td><td>5/</td><td>5/</td><td>5/</td><td>-</td><td>950</td><td>3,800</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 lunsy hearings not included in calculating percentages.
5/ Too few cases to show comparative percentages.
6/ Percent probated based on cases in which a suspended or probationary sentence only was imposed.
Treasury Criminal Cases, by Months
Total Alcohol Tax, Customs, Narcotics, Secret Service, Internal Revenue
INVENTORY
<table><tr><th>Date</th><th>Cases pending first of month</th><th>New cases</th><th>Cases closed</th><th>Cases pending end of month</th><th>Net change in pending cases</th></tr><tr><td>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>3,825</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><tr><td>June..</td><td>18,386</td><td>2,624</td><td>3,503</td><td>17,507</td><td>- 879</td></tr></table>
DISPOSITIONS 2/
<table><tr><th>Date</th><th>Number cases closed</th><th>Number cases transferred 1/</th><th colspan="3">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th></th><th></th><th></th><th>Before indictment</th><th>After indictment</th><th>Acquittals</th><th>Total</th><th>Found guilty</th><th>Pled guilty</th><th>Total</th></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>79</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>34</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>65</td><td>74</td></tr><tr><td>June.</td><td>3,503</td><td>174</td><td>13</td><td>12</td><td>5</td><td>30</td><td>7</td><td>63</td><td>70</td></tr></table>
SUBTENCES
<table><tr><th>Date</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent probation</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>1940-Jan.</td><td>1,924</td><td>60</td><td>38</td><td>28</td><td>420</td><td>332</td><td>181,753</td></tr><tr><td>Feb.</td><td>1,352</td><td>59</td><td>42</td><td>25</td><td>470</td><td>333</td><td>111,603</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>58</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><tr><td>June.</td><td>2,227</td><td>60</td><td>38</td><td>21</td><td>376</td><td>386</td><td>176,915</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 luncacy 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.
<table><tr><td>Treas. HJ 10 .A2 1940 c.2</td><td>U.S. Treasury Dept. Treasury Bulletin</td></tr><tr><td>Treas. HJ 10 .A2</td><td>U.S. Treasury Dept. Treasury Bulletin</td></tr><tr><td>AUTHOR 1940</td><td>July - Sept.</td></tr><tr><td>TITLE c.2</td><td></td></tr><tr><th>DATE LOANED</th><th>BORROWER'S NAME</th><th>PHONE NUMBER</th></tr><tr><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td></tr></table>