HJ
10
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TREASURY DEPARTMENT LIBRARY ROOM 380
Copy 2
LIBRARY
JUN 2, 1972
TREASURY DEPARTMENT
BULLETIN
OF THE TREASURY DEPARTMENT
OCTOBER 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
TREASURY DEPARTMENT
LIBRARY ROOM 5030
JUN 2, 1972
BULLETIN OF THE TREASURY DEPARTMENT
OCTOBER 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>Budget Receipts and Expenditures</td><td>2-5</td></tr><tr><td>Collection of Internal Revenue</td><td>6-8</td></tr><tr><td>Customs Duties and Taxes</td><td>9-10</td></tr><tr><td>Social Insurance Accounts</td><td>11-12</td></tr><tr><td>Cash Income and Outgo</td><td>13-14</td></tr></table>
General Fund and Public Debt
<table><tr><td>Composition of the General Fund</td><td>16</td></tr><tr><td>Statement of the Outstanding Public Debt</td><td>16</td></tr><tr><td>Holdings of U. S. Government Obligations</td><td>17</td></tr><tr><td>Net Market Transactions for Treasury Investment Accounts</td><td>17</td></tr><tr><td>Composition of the Public Debt</td><td>17-18</td></tr><tr><td>Treasury Financing Operations</td><td>19</td></tr><tr><td>Maturity Schedule of U. S. Government Debt</td><td>20-21</td></tr><tr><td>Bank Holdings of Government Obligations, June 30, 1940</td><td>22</td></tr><tr><td>Securities Held in Treasury Trust Funds and by Certain Governmental Corporations, June 30, 1940</td><td>23-24</td></tr><tr><td>Statutory Debt Limitation</td><td>25</td></tr><tr><td>Computed Rate of Interest on Public Debt</td><td>26</td></tr><tr><td>Average Yields of Treasury Bonds and High-Grade Corporate Bonds</td><td>26-27</td></tr><tr><td>Chart Comparing Yields of Treasury Bonds and Notes</td><td>28</td></tr></table>
Government Corporations and Credit Agencies
<table><tr><td>Assets, Liabilities and Proprietary Interest</td><td>30</td></tr><tr><td>Sources and Uses of Funds</td><td>31-34</td></tr><tr><td>Obligations Outstanding Guaranteed by the U. S.</td><td>35</td></tr><tr><td>Financing Operations in Guaranteed Securities</td><td>35</td></tr><tr><td>Maturity Schedule of Securities Guaranteed by the U. S.</td><td>36</td></tr></table>
International Capital Movements
<table><tr><td>Summary</td><td>38-39</td></tr><tr><td>Short-Term Foreign Assets and Liabilities</td><td>40-43</td></tr><tr><td>Foreign Security Transactions and Brokerage Balances</td><td>44-46</td></tr><tr><td>Foreign Transactions in U. S. Domestic Securities</td><td>47-48</td></tr><tr><td>Foreign Exchange Transactions</td><td>49-50</td></tr></table>
Other Monetary Data
<table><tr><td>Gold and Silver</td><td>52-56</td></tr><tr><td>Value of Foreign Currencies</td><td>56</td></tr><tr><td>Balance Sheet of Exchange Stabilization Fund</td><td>57-58</td></tr></table>
Miscellaneous
<table><tr><td>Vessels Cleared from the United States</td><td>60-61</td></tr><tr><td>Commodities Imported Under Quota</td><td>62</td></tr><tr><td>Law Enforcement Statistics</td><td>63</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
1
2
Summary Table on Receipts, Expenditures and Public Debt
(in millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">Receipts and Expenditures 1/</th><th colspan="7">Public Debt</th></tr><tr><th colspan="6">First 3 months of fiscal years 1936-41</th><th colspan="7">Outstanding on September 30</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 140-141</th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>Change Sept. 30, 1939 to Sept. 30, 1940</th></tr><tr><td>Receipts.....</td><td>999</td><td>1,136</td><td>1,526</td><td>1,400</td><td>1,313</td><td>1,489</td><td>+176</td><td>Market issues, etc.</td><td>28,712</td><td>33,206</td><td>34,970</td><td>35,460</td><td>36,795</td><td>39,010</td><td>+2,215</td></tr><tr><td>Expenditures.</td><td>1,556</td><td>1,906</td><td>1,784</td><td>2,087</td><td>2,279</td><td>2,283</td><td>+4</td><td>Special issues....</td><td>709</td><td>627</td><td>1,905</td><td>2,933</td><td>4,063</td><td>5,063</td><td>+1,000</td></tr><tr><td>Deficit....</td><td>557</td><td>770</td><td>258</td><td>687</td><td>966</td><td>794</td><td>-172</td><td>Gross debt......</td><td>29,421</td><td>33,833</td><td>36,875</td><td>38,393</td><td>40,858</td><td>44,073</td><td>+3,215</td></tr></table>
Source: Daily Treasury Statements. 2/ Excludes public debt retirements and trust fund receipts and expenditures.
Receipts and Expenditures
First 3 Months, Fiscal Years 1936 to 1941
(In millions of dollars)
<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>278</td><td>360</td><td>594</td><td>577</td><td>409</td><td>519</td><td>+110</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>527</td><td>626</td><td>707</td><td>636</td><td>715</td><td>796</td><td>+ 81</td></tr><tr><td>Taxes under Social Security Act</td><td>-</td><td>-</td><td>163</td><td>140</td><td>153</td><td>174</td><td>+ 21</td></tr><tr><td>Taxes upon carriers and their employees</td><td>-</td><td>-</td><td>-</td><td>26</td><td>29</td><td>32</td><td>+ 3</td></tr><tr><td>Customs</td><td>97</td><td>102</td><td>116</td><td>81</td><td>88</td><td>72</td><td>- 16</td></tr><tr><td>Other</td><td>97</td><td>48</td><td>70</td><td>49</td><td>53</td><td>52</td><td>- 1</td></tr><tr><td>Total receipts</td><td>999</td><td>1,136</td><td>1,650</td><td>1,509</td><td>1,447</td><td>1,645</td><td>+198</td></tr><tr><td>Less amounts transferred to Old-Age Reserve Account 1/</td><td>-</td><td>-</td><td>124</td><td>109</td><td>134</td><td>156</td><td>+ 22</td></tr><tr><td>Net receipts</td><td>999</td><td>1,136</td><td>1,526</td><td>1,400</td><td>1,313</td><td>1,489</td><td>+176</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>434</td><td>427</td><td>395</td><td>426</td><td>470</td><td>733</td><td>+263</td></tr><tr><td>Social Security and R. B. Retirement Acts</td><td>-</td><td>32</td><td>101</td><td>126</td><td>149</td><td>173</td><td>+ 24</td></tr><tr><td>Agricultural Adjustment Program 2/</td><td>165</td><td>73</td><td>47</td><td>111</td><td>164</td><td>199</td><td>+ 35</td></tr><tr><td>Interest on the public debt</td><td>136</td><td>180</td><td>192</td><td>176</td><td>185</td><td>188</td><td>+ 3</td></tr><tr><td>Public Works 3/</td><td>171</td><td>284</td><td>241</td><td>209</td><td>244</td><td>210</td><td>- 34</td></tr><tr><td>Unemployment relief</td><td>437</td><td>610</td><td>468</td><td>654</td><td>497</td><td>426</td><td>- 71</td></tr><tr><td>Loans and stock subscriptions</td><td>- 28</td><td>13</td><td>37</td><td>36</td><td>52</td><td>- 62</td><td>-114</td></tr><tr><td>Other</td><td>241</td><td>287</td><td>303</td><td>349</td><td>518</td><td>416</td><td>-102</td></tr><tr><td>Total expenditures</td><td>1,556</td><td>1,906</td><td>1,784</td><td>2,087</td><td>2,279</td><td>2,283</td><td>+ 4</td></tr><tr><td>Excess of expenditures</td><td>557</td><td>770</td><td>258</td><td>687</td><td>966</td><td>794</td><td>-172</td></tr></table>
Source: Daily Treasury Statements (Footnotes are in column at right.)
RECONCILIATION, DEFICIT AND DEBT INCREASE FIRST 3 MONTHS OF FISCAL YEAR 1941
<table><tr><td>Increase in debt:</td><td></td><td></td></tr><tr><td>New issues (less redemptions)</td><td>1,105</td><td></td></tr><tr><td>Accounted for:</td><td></td><td>79</td></tr><tr><td>Deficit</td><td></td><td></td></tr><tr><td>Increase, cash balance</td><td>524</td><td></td></tr><tr><td>Trust fund net receipts</td><td>213</td><td>31</td></tr></table>
Fiscal Years 1939, 1940 and 1941
(In millions of dollars)
<table><tr><th></th><th>Actual 1939</th><th>Actual 1940</th><th>Estimated 1941 ½</th><th>Actual 3 months, 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>2,797</td><td>519</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>2,232</td><td>2,345</td><td>2,781</td><td>796</td></tr><tr><td>Taxes under Social Security Act</td><td>631</td><td>712</td><td>735</td><td>174</td></tr><tr><td>Taxes upon carriers and their employees</td><td>109</td><td>121</td><td>135</td><td>32</td></tr><tr><td>Customs</td><td>319</td><td>349</td><td>300</td><td>72</td></tr><tr><td>Other</td><td>188</td><td>273</td><td>228</td><td>52</td></tr><tr><td>Total receipts</td><td>5,668</td><td>5,925</td><td>6,976</td><td>1,645</td></tr><tr><td>Less amounts transferred to Old-Age Reserve Account 1/</td><td>503</td><td>538</td><td>609</td><td>156</td></tr><tr><td>Net receipts</td><td>5,165</td><td>5,387</td><td>6,367</td><td>1,489</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>733</td></tr><tr><td>Social Security and R. R. Retirement Act</td><td>454</td><td>513</td><td>547</td><td>173</td></tr><tr><td>Agricultural Adjustment Program 2/</td><td>782</td><td>1,017</td><td>950</td><td>199</td></tr><tr><td>Interest on the public debt</td><td>941</td><td>1,041</td><td>1,100</td><td>188</td></tr><tr><td>Public Works 3/</td><td>948</td><td>869</td><td>700</td><td>210</td></tr><tr><td>Unemployment relief</td><td>2,595</td><td>1,919</td><td>1,695</td><td>426</td></tr><tr><td>Loans and stock subscriptions</td><td>212</td><td>241</td><td>140</td><td>-62</td></tr><tr><td>Other</td><td>1,055</td><td>1,282</td><td>1,361</td><td>416</td></tr><tr><td>Total expenditures</td><td>8,707 5/</td><td>8,998 5/</td><td>12,058</td><td>2,283</td></tr><tr><td>Net deficit</td><td>3,542</td><td>3,611</td><td>5,691</td><td>794</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>6/</td></tr><tr><td>Increases 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>817</td></tr><tr><td>Special issues</td><td>1,094</td><td>1,005</td><td>1,103</td><td>288</td></tr><tr><td>Total debt increase</td><td>3,274</td><td>2,528</td><td>4,991</td><td>1,105</td></tr><tr><td>Net increase in working balance, general and special accounts (deduct)</td><td>-268</td><td>-1,083</td><td>-</td><td>311</td></tr><tr><td></td><td>3,542</td><td>3,612</td><td>5,691</td><td>794</td></tr></table>
Source: Daily Treasury Statements.
1/ In the fiscal year 1941 amounts representing appropriations equal to "Social security - Unemployment taxes" collected and deposited as provided under eco. 201 (a) of the Social Security Act amendments of 1939, less reimbursements to the general fund for administrative expenses, are deducted from total receipts. Such net amounts are reflected under Trust Account receipts as net appropriations to the Federal Old-Age and Survivors' Insurance Trust Fund. In the above statement similar treatment has been accorded net transfers to the Federal Old-Age and Survivors' Insurance Trust Fund (formerly Old-Age Reserve Account) made during the fiscal years 1936 to 1940, in order to facilitate comparison with the fiscal year 1941.
2/ Excludes subscriptions to capital stock of Federal Crop Insurance Corporation.
3/ Excludes loans shown under "Loans and stock subscriptions."
4/ Revised estimates of the Bureau of the Budget and the Treasury Department for 1941, submitted by the Secretary of the Treasury to the Rouge Wave and Means Committee, August 9, 1940.
5/ Reflects deductions on account of Federal Old-Age and Survivors' Insurance Trust Fund to agree with treatment in the fiscal year 1941. See footnote 1/.
6/ Repayments of $85,335.225 are reflected as a reduction of "Loans and stock subscriptions" shown above. An amount of $7,389.100 is reflected in "Other" under receipts.
3
Budget Receipts, Expenditures and Excess of Expenditures
(In millions of dollars)
<table><tr><th>Calendar year</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Receipts 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>284</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>286</td><td>623</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>265</td><td>372</td><td>676</td><td>278</td><td>364</td><td>521</td><td>4,914</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>799</td><td>304</td><td>400</td><td>649 r</td><td>331</td><td>447</td><td>710</td><td></td><td></td><td></td><td></td></tr><tr><td>Expenditures 1/ 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>548</td><td>805</td><td>535</td><td>637</td><td>7,451</td></tr><tr><td>1936</td><td>538</td><td>489</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>681</td><td>569</td><td>728</td><td>9,354</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>818</td><td>4,150</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>764</td><td>774</td><td>750</td><td>721</td><td>648</td><td>841</td><td>8,934</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>708</td><td>760</td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of expenditures</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>345</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>468</td><td>249</td><td>285 r</td><td>499</td><td>261</td><td>50</td><td></td><td></td><td></td><td></td></tr></table>
Source:
1/ In the fiscal year 1941 amounts representing appropriations equal to "Social security - Unemployment taxes" collected and deposited as provided under sec. 201 (e) of the Social Security Act amendments of 1939, less reimbursements to the general fund for administrative expenses, are deducted from total receipts. Such net amounts are reflected under Trust Account receipts as net appropriations to the Federal Old-Age and Survivors' Insurance Trust Fund. In the above statement similar treatment has been accorded net transfers to the Federal Old-Age and Survivors' Insurance Trust Fund (formerly Old-Age Reserve Account) made during the fiscal years 1936 to 1940, in order to facilitate comparison with the fiscal year 1941. 
2/ Includes debt retirement.
Summary of Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts £</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>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></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>-4,953</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>5,387 r</td><td>4,765 r</td><td>2,125</td><td>2,640 r</td><td>349</td><td>273</td><td>9,127</td><td>8,736</td><td>54</td><td>208</td><td>129</td><td>-3,740 r</td></tr><tr><td>1939-Sept.</td><td>676</td><td>624</td><td>328</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>364</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</td><td>10</td><td>9</td><td>-320</td></tr><tr><td>1940-Jan.</td><td>315</td><td>254</td><td>45</td><td>213</td><td>36</td><td>21</td><td>713</td><td>713</td><td>4</td><td>-5</td><td>1</td><td>-398</td></tr><tr><td>Feb.</td><td>444</td><td>395</td><td>63</td><td>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>-488</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>649 r</td><td>560 r</td><td>464</td><td>96 r</td><td>28</td><td>61</td><td>934</td><td>853</td><td>3</td><td>-</td><td>47</td><td>-285 r</td></tr><tr><td>July.</td><td>331</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><tr><td>Aug.</td><td>447</td><td>403</td><td>38</td><td>365</td><td>24</td><td>20</td><td>708</td><td>693</td><td>-13</td><td>25</td><td>3</td><td>-261</td></tr><tr><td>Sept.</td><td>710</td><td>672</td><td>432</td><td>240</td><td>23</td><td>16</td><td>760</td><td>757</td><td>-9</td><td>10</td><td>2</td><td>-50</td></tr></table>
Source:
Daily Treasury Statements. Referred to reflect adjustment of $1,000,000 under the title 'Transfers to Federal Old-Age and Survivors' Insurance Trust Fund', and to bring classifications into agreement with accounts. 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. See footnote to preceding table.
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1935 to Date
<table><tr><th colspan="10">Receipts</th></tr><tr><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>DOLLARS<br>Millions</th></tr><tr><td>1.200</td><td></td><td></td><td></td><td></td><td></td><td>1.200</td></tr><tr><td>1.000</td><td></td><td></td><td></td><td></td><td></td><td>1.000</td></tr><tr><td>800</td><td></td><td></td><td></td><td></td><td></td><td>800</td></tr><tr><td>600</td><td>3 Month<br>Moving Average</td><td></td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td></td><td></td><td></td><td></td><td>0</td></tr></table><table><tr><th colspan="10">Expenditures</th></tr><tr><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>DOLLARS<br>Millions</th></tr><tr><td>1.600</td><td></td><td></td><td></td><td></td><td></td><td>1.600</td></tr><tr><td>1.400</td><td>2,448</td><td></td><td></td><td></td><td></td><td>1.400</td></tr><tr><td>1.200</td><td></td><td></td><td></td><td></td><td></td><td>1.200</td></tr><tr><td>1.000</td><td></td><td></td><td></td><td>3 Month<br>Moving Average</td><td></td><td>1.000</td></tr><tr><td>800</td><td></td><td></td><td></td><td></td><td></td><td>800</td></tr><tr><td>600</td><td></td><td></td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td></td><td></td><td></td><td></td><td>0</td></tr></table><table><tr><th colspan="10">Excess of Receipts or Expenditures</th></tr><tr><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>DOLLARS<br>Millions</th></tr><tr><td>1.000</td><td></td><td></td><td></td><td></td><td></td><td>1.000</td></tr><tr><td>800</td><td>3 Month<br>Moving Average</td><td></td><td></td><td></td><td></td><td>800</td></tr><tr><td>600</td><td></td><td>Excess of<br>Expenditures</td><td></td><td></td><td></td><td>600</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr><tr><td>200</td><td></td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>0</td><td>J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N</td><td></td><td></td><td></td><td></td><td>0</td></tr><tr><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>DOLLARS<br>Millions</th></tr><tr><td>200</td><td>Excess of<br>Receipts</td><td></td><td></td><td></td><td></td><td>200</td></tr><tr><td>400</td><td></td><td></td><td></td><td></td><td></td><td>400</td></tr></table>
5
Expenditures - General
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Departmental</th><th>National defense</th><th>Veterans' Administration</th><th>PEA and CWA</th><th>VPA 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>5,114</td><td>387</td><td>540</td><td>507</td><td>1,912</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>1,896</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>347</td><td>941</td><td>457</td></tr><tr><td>1940</td><td>8,736</td><td>807</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>392</td><td>1,041</td><td>578</td></tr><tr><td>1939-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>810</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><tr><td>Aug.</td><td>693</td><td>72</td><td>200</td><td>46</td><td>-</td><td>109</td><td>80</td><td>76</td><td>23</td><td>35</td><td>20</td><td>33</td></tr><tr><td>Sept.</td><td>758</td><td>66</td><td>219</td><td>45</td><td>-</td><td>104</td><td>70</td><td>75</td><td>25</td><td>17</td><td>148</td><td>11</td></tr></table>
Sources: Daily Treasury Statements.
1/ Excludes Revolving Funds and Transfers to Trust Accounts. Includes Recovery and Relief.
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)
<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>Advance to Railroad Unemployment Insurance Account</th><th>Government Employees' Retirement Fund (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>346</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</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>- 16</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</td><td>134</td><td>220</td><td>147</td><td>-</td><td>-</td><td>73</td></tr><tr><td>1939</td><td>92</td><td>- 8</td><td>101</td><td>182</td><td>107</td><td>-</td><td>-</td><td>75</td></tr><tr><td>1940</td><td>54</td><td>- 5</td><td>59</td><td>208</td><td>121</td><td>-</td><td>-</td><td>87</td></tr><tr><td>1939-Sept.</td><td>5</td><td>- 1</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</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</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</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</td><td>10</td><td>-</td><td>- 15</td><td>-</td></tr><tr><td>Feb.</td><td>4</td><td>*</td><td>4</td><td>10</td><td>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><tr><td>Aug.</td><td>- 13</td><td>- 10</td><td>- 3</td><td>25</td><td>26</td><td>-</td><td>-</td><td>- 1</td></tr><tr><td>Sept.</td><td>- 9</td><td>- 11</td><td>2</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements. Less than $500,000. 1/ Not 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.
6
Collections of Internal Revenue
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th colspan="2">September</th><th colspan="2">July 1 - September 30</th><th>Sources of revenue</th><th colspan="2">September</th><th colspan="2">July 1 - September 30</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Fiscal year 1940</th><th>Fiscal year 1941</th><th></th><th>1939</th><th>1940</th><th>Fiscal year 1940</th><th>Fiscal year 1941</th></tr><tr><td>Income taxes:</td><td></td><td></td><td></td><td></td><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Corporation</td><td></td><td></td><td></td><td></td><td>Lubricating oils</td><td>3,144</td><td>2,523</td><td>8,518</td><td>9,868</td></tr><tr><td>Current</td><td>169,012</td><td>243,031</td><td>192,984</td><td>279,113</td><td>Gasoline</td><td>25,496</td><td>27,047</td><td>66,542</td><td>78,099</td></tr><tr><td>Back</td><td>8,879</td><td>7,156</td><td>38,144</td><td>28,370</td><td>Tires and inner tubes</td><td>4,215</td><td>2,840</td><td>10,806</td><td>12,649</td></tr><tr><td>Individual</td><td></td><td></td><td></td><td></td><td>Automobile trucks</td><td>939</td><td>346</td><td>1,967</td><td>2,010</td></tr><tr><td>Current</td><td>144,729</td><td>169,802</td><td>153,430</td><td>178,434</td><td>Other automobiles and motorcycles</td><td>3,576</td><td>1,913</td><td>10,750</td><td>9,344</td></tr><tr><td>Back</td><td>6,448</td><td>5,515</td><td>19,543</td><td>20,015</td><td>Parts or accessories for automobiles</td><td>1,142</td><td>851</td><td>2,604</td><td>2,692</td></tr><tr><td>Excess-profits</td><td>2,230</td><td>4,312</td><td>4,392</td><td>5,901</td><td>Electrical energy</td><td>3,658</td><td>3,709</td><td>10,251</td><td>10,303</td></tr><tr><td>Total income taxes</td><td>331,298</td><td>429,816</td><td>408,493</td><td>511,833</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>590</td><td>528</td><td>1,284</td><td>1,654</td></tr><tr><td>Tax on unjust enrichment</td><td>553</td><td>1,287</td><td>1,672</td><td>3,121</td><td>Mechanical refrigerators</td><td>638</td><td>925</td><td>3,182</td><td>2,947</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>Firearms, shells, and cartridges</td><td>452</td><td>466</td><td>1,206</td><td>1,713</td></tr><tr><td>Capital stock tax</td><td>52,041</td><td>14,675</td><td>128,503</td><td>160,686</td><td>Pistols and revolvers</td><td>6</td><td>3</td><td>16</td><td>15</td></tr><tr><td>Es
Source: Reports of collection. * Less than $500.
Collections of Internal Revenue
(In thousands of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th colspan="3">Income and Profits</th><th colspan="3">Payroll Taxes</th></tr><tr><th></th><th></th><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th>Social Security Act 2/ Insurance Contributions Act</th><th>Unemployment Tax Act</th><th>Carriers' Taring Act of 1937</th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,278</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</td><td>1,146,845</td><td>1,263,414</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,048</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>419,509</td><td>400,117</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>2,682,813</td><td>1,286,312</td><td>1,336,501</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,178,431</td><td>1,028,834</td><td>1,149,597</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>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-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>28,424</td><td>1,063</td></tr><tr><td>Feb.</td><td>385,011</td><td>70,946</td><td>43,443</td><td>27,503</td><td>147,282</td><td>87,861</td><td>41,061</td><td>18,360</td></tr><tr><td>Mar.</td><td>861,168</td><td>654,624</td><td>356,076</td><td>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>28,085</td><td>112,731</td><td>86,792</td><td>6,802</td><td>19,137</td></tr><tr><td>June.</td><td>697,099</td><td>465,404</td><td>201,210</td><td>264,194</td><td>16,103</td><td>2,673</td><td>661</td><td>12,749</td></tr><tr><td>July.</td><td>383,836</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><tr><td>Aug.</td><td>482,384</td><td>36,275</td><td>10,298</td><td>25,977</td><td>120,706</td><td>90,746</td><td>6,628</td><td>23,332</td></tr><tr><td>Sept.</td><td>654,623</td><td>429,816</td><td>175,317</td><td>254,499</td><td>12,027</td><td>2,558</td><td>587</td><td>8,882</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Miscellaneous Internal Revenue</th><th rowspan="2">Unjust enrichment</th><th rowspan="2">Agricultural adjustment</th></tr><tr><th>Total</th><th>Capital stock</th><th>Estate and gift</th><th>Alcoholic beverages</th><th>Tobacco</th><th>Stamp</th><th>Manufacture excise</th><th>Miscellaneous</th></tr><tr><td>1929</td><td>601,780</td><td>-</td><td>61,897</td><td>12,777</td><td>434,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,687</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>18,110</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>305,948</td><td>594,245</td><td>552,254</td><td>69,919</td><td>449,894</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>121,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,011</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>6,683</td><td>-</td></tr><tr><td>1940</td><td>2,377,322</td><td>132,739</td><td>360,071</td><td>624,253</td><td>608,518</td><td>38,661</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1939-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>Cot.</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>28,633</td><td>13,149</td><td>554</td><td>-</td></tr><tr><td>Nov.</td><td>191,510</td><td>367</td><td>25,525</td><td>61,020</td><td>49,976</td><td>3,127</td><td>34,196</td><td>17,299</td><td>630</td><td>-</td></tr><tr><td>Dec.</td><td>168,030</td><td>241</td><td>21,320</td><td>51,197</td><td>43,702</td><td>2,921</td><td>36,018</td><td>12,631</td><td>1,008</td><td>-</td></tr><tr><td>1940-Jan.</td><td>170,113</td><td>229</td><td>26,566</td><td>37,363</td><td>49,519</td><td>3,020</td><td>41,128</td><td>12,288</td><td>858</td><td>-</td></tr><tr><td>Feb.</td><td>166,276</td><td>177</td><td>28,423</td><td>41,454</td><td>45,347</td><td>2,774</td><td>34,919</td><td>13,182</td><td>507</td><td>-</td></tr><tr><td>Mar.</td><td>190,479</td><td>193</td><td>44,142</td><td>47,116</td><td>45,092</td><td>2,684</td><td>38,490</td><td>12,762</td><td>989</td><td>-</td></tr><tr><td>Apr.</td><td>171,124</td><td>312</td><td>29,326</td><td>46,798</td><td>50,742</td><td>2,840</td><td>29,606</td><td>11,500</td><td>720</td><td>-</td></tr><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>2,746</td><td>34,668</td><td>13,091</td><td>820</td><td>-</td></tr><tr><td>Aug.</td><td>324,390</td><td>90,397</td><td>27,168</td><td>67,976</td><td>61,337</td><td>2,336</td><td>56,478</td><td>18,698</td><td>1,013</td><td>-</td></tr><tr><td>Sept.</td><td>211,493</td><td>14,675</td><td>18,134</td><td>62,524</td><td>54,915</td><td>2,281</td><td>41,712</td><td>17,252</td><td>1,287</td><td>-</td></tr></table>
1/ Including excess-profits tax collections. 
2/ For the period prior to September 1939 the data in the columns entitled "Insurance Contributions Act" and "Unemployment Tax Act" represent collections under Titles VIII and IX, respectively, of the Social Security Act. 
3/ Including tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
Fiscal Years 1929 to Date
MONTHLY
July 1939 to December
8
9
Customs Duties and Taxes Collected, and Values of Dutiable and Taxable Imports Estimated by Tariff Schedules
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">Fiscal year</th><th colspan="11">Duties and taxes</th></tr><tr><th>1939</th><th>1940</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><th>Aug.</th></tr><tr><td>Chemicals, oils and paints</td><td>21,199</td><td>16,527</td><td>1,278</td><td>1,374</td><td>1,715</td><td>1,942</td><td>1,573</td><td>1,289</td><td>1,229</td><td>1,135</td><td>1,203</td><td>1,303</td><td>1,435</td><td>1,106</td><td>711</td></tr><tr><td>Earths, earthenware and glassware</td><td>11,144</td><td>9,921</td><td>956</td><td>871</td><td>909</td><td>1,078</td><td>836</td><td>799</td><td>647</td><td>793</td><td>683</td><td>758</td><td>731</td><td>772</td><td>791</td></tr><tr><td>Metals and manufactures</td><td>23,257</td><td>27,302</td><td>1,998</td><td>2,635</td><td>2,943</td><td>2,533</td><td>2,629</td><td>2,047</td><td>1,768</td><td>2,111</td><td>2,224</td><td>2,768</td><td>2,300</td><td>2,405</td><td>3,452</td></tr><tr><td>Wood and manufactures</td><td>2,216</td><td>1,842</td><td>163</td><td>140</td><td>186</td><td>177</td><td>160</td><td>147</td><td>125</td><td>116</td><td>131</td><td>187</td><td>151</td><td>138</td><td>131</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>37,690</td><td>57,723</td><td>5,313</td><td>8,346</td><td>4,978</td><td>2,024</td><td>7,071</td><td>3,079</td><td>3,936</td><td>4,558</td><td>4,809</td><td>4,164</td><td>4,618</td><td>4,394</td><td>1,472</td></tr><tr><td>Tobacco and manufactures</td><td>25,709</td><td>22,634</td><td>2,334</td><td>1,957</td><td>2,061</td><td>2,107</td><td>1,413</td><td>1,919</td><td>1,622</td><td>1,589</td><td>1,807</td><td>2,026</td><td>1,880</td><td>9</td><td>1</td></tr><tr><td>Artificial, products and provisions</td><td>56,009</td><td>53,063</td><td>4,014</td><td>4,305</td><td>5,545</td><td>5,151</td><td>3,585</td><td>4,886</td><td>4,613</td><td>4,760</td><td>4,655</td><td>4,737</td><td>3,208</td><td>12</td><td>71</td></tr><tr><td>Live, dead and tarr cures</td><td>31,250</td><td>37,122</td><td>2,045</td><td>5,302</td><td>3,383</td><td>3,306</td><td>4,603</td><td>2,215</td><td>1,894</td><td>2,186</td><td>2,308</td><td>2,574</td><td>5,473</td><td>25</td><td>21</td></tr><tr><td>Other manures</td><td>9,574</td><td>9,103</td><td>801</td><td>804</td><td>913</td><td>834</td><td>860</td><td>899</td><td>668</td><td>718</td><td>628</td><td>614</td><td>573</td><td>408</td><td></td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>11,546</td><td>10,431</td><td>697</td><td>824</td><td>761</td><td>1,088</td><td>906</td><td>1,216</td><td>899</td><td>1,034</td><td>940</td><td>804</td><td>721</td><td>1,091</td><td>524</td></tr><tr><td>Wool and manufactures</td><td>25,692</td><td>42,690</td><td>2,662</td><td>3,569</td><td>2,888</td><td>3,413</td><td>3,969</td><td>5,842</td><td>4,447</td><td>4,613</td><td>3,025</td><td>2,798</td><td>2,956</td><td>2,930</td><td>2,794</td></tr><tr><td>Silk manufactures</td><td>3,069</td><td>2,616</td><td>321</td><td>241</td><td>238</td><td>249</td><td>232</td><td>238</td><td>177</td><td>234</td><td>163</td><td>205</td><td>136</td><td>134</td><td>154</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>2,794</td><td>2,461</td><td>262</td><td>190</td><td>238</td><td>316</td><td>370</td><td>293</td><td>165</td><td>109</td><td>144</td><td>84</td><td>60</td><td>50</td><td>46</td></tr><tr><td>Pulp, paper and books</td><td>2,404</td><td>1,720</td><td>185</td><td>122</td><td>167</td><td>205</td><td>147</td><td>136</td><td>118</td><td>119</td><td>110</td><td>122</td><td>117</td><td>99</td><td>94</td></tr><tr><td>Sumaries</td><td>36,058</td><td>33,401</td><td>3,031</td><td>2,457</td><td>3,077</td><td>3,412</td><td>3,028</td><td>3,263</td><td>2,560</td><td>3,274</td><td>2,375</td><td>2,335</td><td>2,133</td><td>1,852</td><td>2,086</td></tr><tr><td>Miscellaneous 2/</td><td>271</td><td>273</td><td>37</td><td>28</td><td>24</td><td>18</td><td>20</td><td>18</td><td>11</td><td>18</td><td>15</td><td>21</td><td>20</td><td>29</td><td>62</td></tr><tr><td>Total free list 3/</td><td>10,213</td><td>11,178</td><td>1,028</td><td>1,022</td><td>1,035</td><td>1,025</td><td>890</td><td>712</td><td>700</td><td>771</td><td>845</td><td>827</td><td>1,388</td><td>1,244</td><td>1,716</td></tr><tr><td>Crude petroleum</td><td>5,223</td><td>5,142</td><td>502</td><td>561</td><td>501</td><td>557</td><td>381</td><td>211</td><td>236</td><td>272</td><td>420</td><td>543</td><td>427</td><td>550</td><td>573</td></tr><tr><td>Fuel oil, etc. 4/</td><td>1,525</td><td>2,243</td><td>157</td><td>112</td><td>102</td><td>109</td><td>183</td><td>165</td><td>303</td><td>377</td><td>238</td><td>130</td><td>227</td><td>249</td><td>226</td></tr><tr><td>Motor fuel and lubricating oil</td><td>9</td><td>35</td><td>1</td><td>1</td><td>1</td><td>2</td><td>3</td><td>2</td><td>1</td><td>14</td><td>3</td><td>6</td><td>3</td><td>4</td><td>5</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>257</td><td>581</td><td>28</td><td>38</td><td>52</td><td>40</td><td>44</td><td>60</td><td>38</td><td>54</td><td>127</td><td>61</td><td>16</td><td>32</td><td>155</td></tr><tr><td>Seed oils</td><td>1,804</td><td>1,561</td><td>257</td><td>254</td><td>259</td><td>175</td><td>187</td><td>200</td><td>19</td><td>11</td><td>5</td><td>5</td><td>42</td><td>37</td><td>40</td></tr><tr><td>Oil seeds</td><td>402</td><td>362</td><td>29</td><td>24</td><td>17</td><td>29</td><td>39</td><td>57</td><td>14</td><td>23</td><td>15</td><td>22</td><td>55</td><td>17</td><td>12</td></tr><tr><td>Animal, fish, and coconut oils</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>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Copper</td><td>725</td><td>1,036</td><td>37</td><td>18</td><td>71</td><td>90</td><td>38</td><td>17</td><td>73</td><td>3</td><td>25</td><td>46</td><td>601</td><td>335</td><td>680</td></tr><tr><td>Number of specified types</td><td>153</td><td>215</td><td>18</td><td>14</td><td>31</td><td>23</td><td>15</td><td>17</td><td>15</td><td>17</td><td>14</td><td>14</td><td>19</td><td>21</td><td>25</td></tr><tr><td>Coal and related products</td><td>13</td><td>2</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total free list</td><td>10,213</td><td>11,178</td><td>1,028</td><td>1,022</td><td>1,035</td><td>1,025</td><td>890</td><td>712</td><td>700</td><td>771</td><td>845</td><td>827</td><td>1,388</td><td>1,244</td><td>1,716</td></tr><tr><td>Total duties and taxes</td><td>312,095</td><td>340,006</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><td>23,562</td><td>22,547</td></tr><tr><td>Adjustment to daily Treasury statement</td><td>+ 6,742</td><td>+ 8,585</td><td>+ 59</td><td>+1,408</td><td>+1,358</td><td>+ 171</td><td>-4,478</td><td>+6,791</td><td>+ 21</td><td>+ 563</td><td>+ 714</td><td>+ 265</td><td>+ 198</td><td>+1,66</td><td></td></tr><tr><td>Total duties and taxes as reported in daily Treasury statement</td><td>318,837</td><td>348,591</td><td>27,213</td><td>35,595</td><td>32,418</td><td>29,049</td><td>27,814</td><td>35,788</td><td>25,651</td><td>28,702</td><td>26,479</td><td>251</td><td>2</td><td>16</td><td></td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="6">1939</th><th colspan="8">1940</th></tr><tr><th>1939</th><th>1940</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><th>Aug.</th></tr><tr><td>Chemicals, oils and paints</td><td>57,369</td><td>51,193</td><td>3,833</td><td>3,822</td><td>4,656</td><td>5,661</td><td>4,686</td><td>4,112</td><td>3,842</td><td>3,510</td><td>4,029</td><td>4,722</td><td>4</td><td>7,771</td><td>5</td></tr><tr><td>Earths, earthenware and glassware</td><td>25,533</td><td>23,808</td><td>2,226</td><td>1,959</td><td>2,035</td><td>2,493</td><td>2,118</td><td>1,992</td><td>1,722</td><td>1,975</td><td>1,629</td><td>1,819</td><td>1</td><td>2</td><td>1</td></tr><tr><td>Metals and manufactures</td><td>78,423</td><td>93,374</td><td>6,747</td><td>9,189</td><td>9,626</td><td>8,280</td><td>8,417</td><td>7,351</td><td>5,956</td><td>7,024</td><td>7,689</td><td>8,287</td><td>8,591</td><td>8,566</td><td>1,144</td></tr><tr><td>Wood and manufactures</td><td>15,132</td><td>17,266</td><td>1,347</td><td>1,418</td><td>2,244</td><td>1,705</td><td>1,333</td><td>1,263</td><td>1,171</td><td>1,091</td><td>1,180</td><td>1,707</td><td>1,546</td><td>1,455</td><td>1,712</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>76,910</td><td>110,543</td><td>11,339</td><td>15,348</td><td>7,217</td><td>3,284</td><td>12,707</td><td>6,606</td><td>7,291</td><td>9,012</td><td>9,589</td><td>9,162</td><td>9,356</td><td>9,168</td><td>7,259</td></tr><tr><td>Tobacco and manufactures</td><td>37,687</td><td>36,166</td><td>3,583</td><td>3,012</td><td>3,175</td><td>3,245</td><td>2,184</td><td>3,196</td><td>2,729</td><td>2,625</td><td>3,010</td><td>3,292</td><td>3,121</td><td>3,167</td><td>7,525</td></tr><tr><td>Agricultural products and provisions</td><td>104,245</td><td>169,932</td><td>12,939</td><td>15,100</td><td>17,585</td><td>16,965</td><td>11,793</td><td>15,342</td><td>13,960</td><td>13,498</td><td>13,911</td><td>15,560</td><td>11,028</td><td>9,445</td><td>1</td></tr><tr><td>Spirits, wines and other beverages</td><td>58,093</td><td>62,523</td><td>3,608</td><td>9,277</td><td>5,714</td><td>5,396</td><td>7,497</td><td>3,692</td><td>3,101</td><td>3,575</td><td>3,778</td><td>4,357</td><td>9,250</td><td>3,388</td><td>2,3</td></tr><tr><td>Cotton manufactures</td><td>25,775</td><td>25,408</td><td>2,153</td><td>2,247</td><td>2,534</td><td>2,319</td><td>2,454</td><td>2,466</td><td>1,916</td><td>2,040</td><td>1,795</td><td>1,761</td><td>1,599</td><td>1,163</td><td>1,327</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>52,046</td><td>62,117</td><td>3,434</td><td>4,337</td><td>3,046</td><td>5,695</td><td>4,834</td><td>8,269</td><td>5,600</td><td>6,920</td><td>4,032</td><td>6,111</td><td>4,899</td><td>7,971</td><td>3,459</td></tr><tr><td>Wool and manufactures</td><td>37,848</td><td>64,351</td><td>4,102</td><td>5,120</td><td>3,806</td><td>4,966</td><td>6,035</td><td>8,737</td><td>6,850</td><td>7,214</td><td>4,720</td><td>4,469</td><td>4,677</td><td>4,846</td><td>4,419</td></tr><tr><td>Silk manufactures</td><td>5,766</td><td>4,988</td><td>618</td><td>451</td><td>452</td><td>483</td><td>460</td><td>446</td><td>332</td><td>344</td><td>313</td><td>401</td><td>259</td><td>255</td><td>287</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>8,655</td><td>8,203</td><td>802</td><td>634</td><td>836</td><td>1,103</td><td>1,356</td><td>980</td><td>540</td><td>331</td><td>486</td><td>199</td><td>163</td><td>14</td><td>13</td></tr><tr><td>Pulp, paper and books</td><td>12,031</td><td>9,572</td><td>987</td><td>619</td><td>862</td><td>1,106</td><td>842</td><td>782</td><td>694</td><td>684</td><td>661</td><td>713</td><td>721</td><td>636</td><td></td></tr><tr><td>Sundries</td><td>129,718</td><td>127,265</td><td>11,048</td><td>9,335</td><td>11,169</td><td>12,100</td><td>12,184</td><td>12,428</td><td>10,189</td><td>12,581</td><td>9,496</td><td>9,168</td><td>8,547</td><td>7,234</td><td>7,790</td></tr><tr><td>Miscellaneous 2/</td><td>257</td><td>275</td><td>10</td><td>28</td><td>17</td><td>16</td><td>30</td><td>19</td><td>11</td><td>14</td><td>10</td><td>19</td><td>17</td><td>39</td><td>9</td></tr><tr><td>Free list 3/</td><td>34,667</td><td>52,724</td><td>3,222</td><td>3,128</td><td>3,571</td><td>3,473</td><td>3,878</td><td>3,713</td><td>4,995</td><td>6,413</td><td>5,371</td><td>5,011</td><td>6,769</td><td>6,581</td><td>8,20</td></tr><tr><td>Total value of dutiable and taxable imports</td><td>820,157</td><td>913,709</td><td>72,001</td><td>85,019</td><td>79,146</td><td>78,293</td><td>52,800</td><td>81,393</td><td>70,897</td><td>78,950</td><td>71,698</td><td>76,758</td><td>77,011</td><td>69,10</td><td>1</td></tr></table>
1 For values, reports of the Bureau of Foreign and Domestic Commerce; the figures for customs duties and taxes are computed on the basis of the value figures.
2 Includes taxable sugar from the Philippine Islands.
3 Comprises 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.
4 Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts.
5 Comprises fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other motor fuel.
10
Customs Duties Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which imports originated</th><th colspan="2">Fiscal year</th><th colspan="5">1939</th><th colspan="9">1940</th></tr><tr><th></th><th>1939</th><th>1940</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><th>Aug.</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>7,906</td><td>8,579</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><td>162</td><td>127</td></tr><tr><td>Czechoslovakia</td><td>6,346</td><td>186</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><td>13</td><td>4</td></tr><tr><td>France</td><td>18,128</td><td>19,124</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><td>675</td><td>450</td></tr><tr><td>Germany</td><td>19,071</td><td>5,068</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><td>136</td><td>120</td></tr><tr><td>Greece</td><td>7,678</td><td>7,522</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><td>674</td><td>638</td></tr><tr><td>Italy</td><td>14,328</td><td>12,748</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><td>378</td><td>262</td></tr><tr><td>Netherlands</td><td>6,762</td><td>3,627</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><td>26</td><td>11</td></tr><tr><td>Norway</td><td>2,905</td><td>2,990</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><td>28</td><td>41</td></tr><tr><td>Poland</td><td>2,478</td><td>694</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><td>2</td><td>6</td></tr><tr><td>Spain</td><td>2,818</td><td>3,302</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><td>370</td><td>256</td></tr><tr><td>Sweden</td><td>1,722</td><td>1,925</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><td>53</td><td>140</td></tr><tr><td>Switzerland</td><td>9,555</td><td>11,846</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><td>703</td><td>792</td></tr><tr><td>U.S.S.R.</td><td>2,102</td><td>2,952</td><td>147</td><td>204</td><td>234</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><td>273</td><td>561</td></tr><tr><td>United Kingdom</td><td>40,353</td><td>44,021</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><td>3,286</td><td>2,516</td></tr><tr><td>Other Europe</td><td>6,512</td><td>6,125</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><td>372</td><td>389</td></tr><tr><td>Total Europe</td><td>148,604</td><td>130,709</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><td>7,151</td><td>6,313</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>18,890</td><td>20,284</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>1,495</td><td>1,744</td><td>1,967</td><td>1,428</td><td>1,618</td></tr><tr><td>Cuba</td><td>37,869</td><td>60,590</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>4,881</td><td>4,900</td><td>3,828</td></tr><tr><td>Dominican Republic</td><td>1,947</td><td>1,291</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><td>8</td><td>9</td></tr><tr><td>Mexico</td><td>7,059</td><td>8,209</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><td>895</td><td>716</td></tr><tr><td>Netherland West Indies</td><td>1,627</td><td>1,773</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><td>114</td><td>90</td></tr><tr><td>Other Countries</td><td>1,614</td><td>918</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><td>51</td><td>77</td></tr><tr><td>Total North and Central America</td><td>69,006</td><td>93,065</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><td>7,396</td><td>6,338</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>17,753</td><td>21,340</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><td>1,673</td><td>1,597</td></tr><tr><td>Brazil</td><td>3,447</td><td>3,087</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><td>392</td><td>360</td></tr><tr><td>Chile</td><td>525</td><td>1,386</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><td>189</td><td>580</td></tr><tr><td>Peru</td><td>3,381</td><td>3,920</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><td>250</td><td>285</td></tr><tr><td>Uruguay</td><td>4,044</td><td>8,135</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><td>599</td><td>377</td></tr><tr><td>Venezuela</td><td>4,752</td><td>4,458</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><td>305</td><td>357</td></tr><tr><td>Other Countries</td><td>1,227</td><td>1,458</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><td>139</td><td>157</td></tr><tr><td>Total South America</td><td>35,129</td><td>43,783</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><td>3,547</td><td>3,713</td></tr><tr><td>Asia</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>6,884</td><td>7,740</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><td>879</td><td>596</td></tr><tr><td>China</td><td>10,204</td><td>11,648</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>994</td><td>896</td><td>1,405</td></tr><tr><td>Japan</td><td>16,393</td><td>17,897</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><td>1,193</td><td>1,338</td></tr><tr><td>Turkey</td><td>10,024</td><td>8,508</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><td>738</td><td>816</td></tr><tr><td>Other Countries</td><td>5,616</td><td>8,102</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>611</td><td>727</td><td>863</td></tr><tr><td>Total Asia</td><td>49,181</td><td>53,895</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><td>4,433</td><td>5,018</td></tr><tr><td>Oceania</td><td>6,088</td><td>7,886</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><td>532</td><td>511</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>1,856</td><td>2,504</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><td>127</td><td>69</td></tr><tr><td>Gold Coast</td><td>899</td><td>1,502</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><td>51</td><td>245</td></tr><tr><td>Union of South Africa</td><td>326</td><td>5,702</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><td>282</td><td>329</td></tr><tr><td>Other Countries</td><td>947</td><td>959</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><td>42</td><td>150</td></tr><tr><td>Total Africa</td><td>4,028</td><td>10,666</td><td>350</td><td>429</td><td>737</td><td>661</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><td>502</td><td>793</td></tr><tr><td>Grand Total</td><td>312,095</td><td>340,006</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>25,985</td><td>27,903</td><td>23,562</td><td>22,687</td></tr></table>
Source: Computed on the basis of values of imports as shown in reports of the Bureau of Foreign and Domestic Commerce.
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="4">Expenditures</th><th rowspan="2">Excess of expenditures</th></tr><tr><th>Total</th><th>Taxes</th><th>Less amounts credited to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th>Yet receipts</th><th>Total</th><th>Adminis- trative expenses 2/</th><th>Grants to States</th><th>Refunds of taxes 1/</th></tr><tr><th></th><th colspan="3">Employment taxes relating to old-age insurance</th><th>Tax on employers of 8 or more</th><th>Total</th><th>Total</th><th>Old-age assist- ance, etc.</th><th>Unemployment compensation adminis- tration</th><th></th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>28.4</td><td>.6</td><td>27.8</td><td>26.9</td><td>.9</td><td>28.4</td></tr><tr><td>1937</td><td>252.2</td><td>194.1</td><td>57.8</td><td>265.0</td><td>183.1</td><td>15.8</td><td>166.9</td><td>157.8</td><td>9.1</td><td>195.9</td></tr><tr><td>1938</td><td>604.4</td><td>514.4</td><td>90.1</td><td>387.0</td><td>332.1</td><td>20.0</td><td>271.5</td><td>229.6</td><td>41.9</td><td>114.7</td></tr><tr><td>1939</td><td>631.2</td><td>530.4</td><td>100.9</td><td>503.0</td><td>343.3</td><td>21.3</td><td>320.3</td><td>261.4</td><td>58.9</td><td>215.1</td></tr><tr><td>1940</td><td>712.2</td><td>604.7</td><td>107.5</td><td>537.7 r 5/</td><td>384.2</td><td>25.3</td><td>356.5</td><td>298.2</td><td>58.3</td><td>209.7 r</td></tr><tr><td>1939-Sept.</td><td>3.0</td><td>2.5</td><td>.5</td><td>43.0</td><td>19.6</td><td>1.9</td><td>17.6</td><td>15.3</td><td>2.3</td><td>.1</td><td>59.6</td></tr><tr><td>Oct.</td><td>34.4</td><td>31.4</td><td>2.9</td><td>43.0</td><td>44.7</td><td>.9</td><td>43.7</td><td>32.6</td><td>11.1</td><td>.1</td><td>53.3</td></tr><tr><td>Nov.</td><td>125.5</td><td>117.5</td><td>8.0</td><td>43.0</td><td>24.1</td><td>1.8</td><td>22.1</td><td>21.0</td><td>1.0</td><td>.2</td><td>-58.4</td></tr><tr><td>Dec.</td><td>4.7</td><td>4.1</td><td>.5</td><td>48.0</td><td>19.8</td><td>1.8</td><td>17.8</td><td>16.6</td><td>1.2</td><td>.2</td><td>63.1</td></tr><tr><td>1940-Jan.</td><td>44.8</td><td>31.1</td><td>13.7</td><td>-</td><td>44.8</td><td>2.4</td><td>38.9</td><td>33.3</td><td>5.6</td><td>.2</td><td>-3.3</td></tr><tr><td>Feb.</td><td>172.2</td><td>115.2</td><td>57.0</td><td>-</td><td>172.2</td><td>2.2</td><td>36.0</td><td>31.1</td><td>4.9</td><td>.1</td><td>-133.9</td></tr><tr><td>Mar.</td><td>3.4</td><td>2.3</td><td>1.2</td><td>134.8</td><td>27.8</td><td>2.5</td><td>24.9</td><td>15.9</td><td>9.0</td><td>.4</td><td>159.2</td></tr><tr><td>Apr.</td><td>38.8</td><td>35.8</td><td>3.0</td><td>-</td><td>38.8</td><td>2.6</td><td>45.0</td><td>38.8</td><td>6.2</td><td>.3</td><td>9.1</td></tr><tr><td>May</td><td>131.4</td><td>122.5</td><td>8.9</td><td>-</td><td>131.4</td><td>2.6</td><td>26.2</td><td>25.8</td><td>.4</td><td>.4</td><td>-102.2</td></tr><tr><td>June</td><td>3.9</td><td>2.9</td><td>1.0</td><td>134.9 r 5/</td><td>12.0</td><td>2.5</td><td>9.3</td><td>8.9</td><td>.4</td><td>.2</td><td>143.0 r</td></tr><tr><td>July</td><td>38.6</td><td>38.1</td><td>.5</td><td>35.8</td><td>64.6</td><td>2.6</td><td>61.8</td><td>46.7</td><td>15.1</td><td>.2</td><td>61.8</td></tr><tr><td>Aug.</td><td>132.0</td><td>123.8</td><td>8.1</td><td>119.2</td><td>14.4</td><td>2.8</td><td>31.4</td><td>31.1</td><td>.3</td><td>.2</td><td>21.6</td></tr><tr><td>Sept.</td><td>3.3</td><td>2.7</td><td>.6</td><td>.5</td><td>16.8</td><td>2.7</td><td>13.9</td><td>13.4</td><td>.5</td><td>.2</td><td>14.0</td></tr></table>
Source: Daily Treasury Statements.
1/ Prior to January 1, 1940, figures represent amounts transferred to the Old-Age Reserve Account. From January 1 to July 1, 1940, transfers were made to the Federal Old-Age and Survivors Insurance Trust Fund. Subsequently receipts have been deposited in the General Fund and appropriated directly to the Federal Old-Age and Survivors Insurance Trust Fund. Amounts shown as transfers to the Trust Fund reflect deductions made for reimbursement to the General Fund account to cover administrative expenses.
2/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act and amounts for administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue; Public Health Service, and Office of Education of the Federal Security Agency.
1/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,886.43, pursuant to authorization of August 24, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under Title II of the Social Security Act. Other refunds are on account of Employment taxes (Title VIII) and Tax on employers of 8 or more (Title IX, Sec. 901) "Other than to States."
4/ Covered by appropriations from the General Fund.
5/ Revised to bring classification into agreement with accounts.
Receipts and Expenditures, Federal Old-Age and Survivors Insurance Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimbursement for administrative expenses</th><th>Total</th><th>Investments</th><th>To credit of Trust Fund on books of Treasury 2/</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><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>267.3</td><td>265.0</td><td>265.0</td><td>-</td><td>2.3</td><td>-</td><td>-</td><td>-</td><td>267.3</td><td>267.1</td><td>.1</td><td>.1</td></tr><tr><td>1938</td><td>782.7</td><td>765.0</td><td>652.0</td><td>113.0</td><td>17.7</td><td>5.4</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>1,199.6</td><td>1,155.0</td><td>1,155.0</td><td>-</td><td>44.6</td><td>19.3</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>1,792.1</td><td>1,705.0</td><td>1,705.0</td><td>-</td><td>87.1</td><td>47.4</td><td>35.1</td><td>12.3</td><td>1,744.7</td><td>1,738.1</td><td>.5</td><td>6.1</td></tr><tr><td>1940-July</td><td>1,830.2</td><td>1,743.1</td><td>1,743.1</td><td>-</td><td>87.1</td><td>52.8</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><tr><td>Aug.</td><td>1,951.6</td><td>1,864.5</td><td>1,864.5</td><td>-</td><td>87.1</td><td>58.5</td><td>41.8</td><td>16.7</td><td>1,893.1</td><td>1,728.1</td><td>155.6</td><td>9.4</td></tr><tr><td>Sept.</td><td>1,954.4</td><td>1,867.2</td><td>1,867.2</td><td>-</td><td>87.2</td><td>64.6</td><td>45.7</td><td>18.9</td><td>1,889.8</td><td>1,875.6</td><td>3.8</td><td>10.4</td></tr></table>
Source: Daily Treasury Statements. 
1/ Under Section 201 (f) of the Social Security Act amendments of 1939.
2/ Includes balance of General Fund appropriation not yet transferred to Trust Fund.
12
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Receipts Total</th><th colspan="4">Expenditures</th><th>Excess of expenditures £/</th></tr><tr><th></th><th></th><th>Total</th><th>Administrative expenses £/</th><th>Transfers to Railroad Retirement account (Trust account)</th><th>Advances to Railroad Unemployment Insurance Account</th><th></th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.4</td><td>1.5</td><td>1.5</td><td>-</td><td>-</td><td>1.1</td></tr><tr><td>1938</td><td>150.1</td><td>149.0</td><td>2.6</td><td>146.4</td><td>-</td><td>-1.1</td></tr><tr><td>1939</td><td>109.3</td><td>110.4</td><td>3.3</td><td>107.1</td><td>-</td><td>1.1</td></tr><tr><td>1940</td><td>125.9</td><td>128.3</td><td>7.6</td><td>120.7</td><td>-</td><td>2.4</td></tr><tr><td>1939-Sept</td><td>23.7</td><td>7.7</td><td>.6</td><td>7.1</td><td>-</td><td>-16.0</td></tr><tr><td>Oct.</td><td>1.2</td><td>10.7</td><td>.7</td><td>10.0</td><td>-</td><td>9.5</td></tr><tr><td>Nov.</td><td>4.2</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>6.3</td></tr><tr><td>Dec.</td><td>24.5</td><td>11.3</td><td>1.3</td><td>10.0</td><td>-</td><td>-13.2</td></tr><tr><td>1940-Jan.</td><td>.4</td><td>4.5</td><td>.5</td><td>10.0</td><td>-15.0</td><td>-4.9</td></tr><tr><td>Feb.</td><td>5.4</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>5.1</td></tr><tr><td>Mar.</td><td>27.0</td><td>.6</td><td>.6</td><td>-</td><td>-</td><td>-26.4</td></tr><tr><td>Apr.</td><td>.3</td><td>20.4</td><td>.4</td><td>20.0</td><td>-</td><td>20.1</td></tr><tr><td>May</td><td>5.9</td><td>4.2</td><td>.7</td><td>3.5</td><td>-</td><td>-1.7</td></tr><tr><td>June</td><td>27.3</td><td>.7</td><td>.7</td><td>-</td><td>-</td><td>-27.1</td></tr><tr><td>July</td><td>.5</td><td>20.5</td><td>.5</td><td>20.0</td><td>-</td><td>20.0</td></tr><tr><td>Aug.</td><td>7.2</td><td>26.6</td><td>.6</td><td>26.0</td><td>-</td><td>19.4</td></tr><tr><td>Sept.</td><td>26.1</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>-15.6</td></tr></table>
Source: Daily Treasury Statements.
1/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad Retirement and Railroad Unemployment Insurance Acts.
2/ Covered by appropriations from the General Fund.
Receipts and Expenditures, Railroad Retirement Account (Trust Account)
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Expenditureee Benefit payments</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th>Interest on investments</th><th>Total investments</th><th>To credit of appropriations</th><th>To credit of disbursing officer</th></tr><tr><td>1936</td><td>46.6</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>-</td><td>46.6</td><td>-</td></tr><tr><td>1937</td><td>46.6</td><td>-</td><td>-</td><td>46.6</td><td>-</td><td>42.6</td><td>-</td><td>36.6</td><td>6.0</td></tr><tr><td>1938</td><td>147.9</td><td>146.4</td><td>.1</td><td>146.5</td><td>1.4</td><td>68.1</td><td>66.2</td><td>.2</td><td>1.6</td></tr><tr><td>1939</td><td>268.4</td><td>253.5</td><td>11.3</td><td>264.8</td><td>3.6</td><td>82.8</td><td>67.2</td><td>13.2</td><td>2.3</td></tr><tr><td>1940</td><td>390.8</td><td>374.2</td><td>10.7</td><td>384.9</td><td>5.9</td><td>92.1</td><td>79.4</td><td>10.8</td><td>1.8</td></tr><tr><td>1940-July</td><td>513.4</td><td>394.2</td><td>113.3</td><td>507.5</td><td>5.9</td><td>204.9</td><td>79.4</td><td>113.4</td><td>12.1</td></tr><tr><td>Aug.</td><td>513.4</td><td>420.2</td><td>87.3</td><td>507.5</td><td>5.9</td><td>318.4</td><td>195.0</td><td>87.5</td><td>22.2</td></tr><tr><td>Sept.</td><td>513.4</td><td>430.2</td><td>77.3</td><td>507.5</td><td>5.9</td><td>328.4</td><td>185.0</td><td>77.4</td><td>22.2</td></tr></table>
Source: Daily Treasury Statements. 1/ Includes balance of appropriation available for transfer subsequent to June 30, 1937.
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Deposits by States</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriation</th><th>Interest on investments</th><th>Total expenditures</th><th>Withdrawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Railroad unemployment benefit payments</th><th>Repayment of advance</th><th>Total</th><th>Investments</th><th>Unexpended balances in special deposit account</th><th>Disbureing account (Railroad unemployment benefits and refunds)</th></tr><tr><td>1936</td><td>18.9</td><td>18.9</td><td>-</td><td>-</td><td>.1</td><td>-</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>313.4</td><td>310.6</td><td>-</td><td>-</td><td>2.8</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>312.4</td><td>312.3</td><td>.1</td><td>-</td></tr><tr><td>1938</td><td>1,076.2</td><td>1,058.2</td><td>-</td><td>-</td><td>18.0</td><td>192.0</td><td>192.0</td><td>-</td><td>-</td><td>-</td><td>884.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,914.3</td><td>1,869.5</td><td>-</td><td>-</td><td>44.8</td><td>633.8</td><td>633.8</td><td>-</td><td>-</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1940</td><td>2,871.1</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>82.6</td><td>1,146.3</td><td>1,116.7</td><td>14.6</td><td>15.0</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>2,930.0</td><td>2,788.2</td><td>44.2</td><td>15.0</td><td>82.6</td><td>1,203.0</td><td>1,172.7</td><td>15.2</td><td>15.0</td><td>1,727.0</td><td>1,723.0</td><td>2.3</td><td>1.7</td></tr><tr><td>Aug.</td><td>3,072.6</td><td>2,929.7</td><td>45.3</td><td>15.0</td><td>82.6</td><td>1,255.6</td><td>1,224.5</td><td>16.2</td><td>15.0</td><td>1,817.0</td><td>1,808.0</td><td>7.2</td><td>1.9</td></tr><tr><td>Sept.</td><td>3,095.6</td><td>2,939.0</td><td>58.9</td><td>15.0</td><td>82.7</td><td>1,293.5</td><td>1,261.3</td><td>17.2</td><td>15.0</td><td>1,802.1</td><td>1,790.0</td><td>10.3</td><td>1.8</td></tr></table>
Source: Daily Treasury Statements. 1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account
13
Cash Income and Outgo of the Treasury, by Detailed Classifications
(in millions of dollars)
<table><tr><th></th><th colspan="5">1939</th><th colspan="8">1940</th><th>Sept.</th></tr><tr><th></th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th></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>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><td>38</td><td>432</td></tr><tr><td>Miscellaneous internal revenue.</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><td>346</td><td>213</td></tr><tr><td>Taxes under Social Security Act.</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><td>132</td><td>3</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>7</td><td>25</td></tr><tr><td>Customs.</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><td>24</td><td>23</td></tr><tr><td>Other.</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><td>19</td><td>15</td></tr><tr><td>Subtotal.</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><td>566</td><td>711</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>13</td><td>54</td><td>144</td><td>29</td><td>62</td><td>155</td><td>30</td><td>53</td><td>144</td><td>26</td><td>59</td><td>143</td><td>23</td></tr><tr><td>Trust accounts.</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><td>15</td><td>22</td></tr><tr><td>Subtotal.</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><td>158</td><td>45</td></tr><tr><td>Total cash income.</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><td>724</td><td>756</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>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><td>200</td><td>219</td></tr><tr><td>Social Security Act (grants and administrative expenses).</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><td>34</td><td>17</td></tr><tr><td>Interest on the public debt.</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><td>16</td><td>144</td></tr><tr><td>Public Works.</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><td>78</td><td>72</td></tr><tr><td>Agricultural aid.</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><td>61</td><td>28</td></tr><tr><td>National Youth Administration.</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><td>6</td><td>6</td></tr><tr><td>Works Projects Administration.</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><td>109</td><td>104</td></tr><tr><td>Other.</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><td>173</td><td>155</td></tr><tr><td>Subtotal.</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><td>677</td><td>745</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>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><td>-1</td><td>-18</td></tr><tr><td>Commodity Credit Corporation.</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><td>146</td><td>1</td></tr><tr><td>Unemployment trust fund.</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><td>53</td><td>38</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>2</td><td>2</td><td>3</td><td>3</td><td>4</td><td>4</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>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Other.</td><td>84</td><td>10</td><td>-14</td><td>62</td><td>5</td><td>-23</td><td>-15</td><td>-16</td><td>-11</td><td>26</td><td>-2</td><td>-21</td><td>51</td></tr><tr><td>Subtotal.</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><td>191</td><td>86</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>2</td><td>2</td></tr><tr><td>Total cash outgo.</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><td>870</td><td>833</td></tr><tr><td>EXCESS OF CASH OUTGO.</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><td>146</td><td>77</td></tr></table>
1/ These figures are not intended to reflect the budgetary position of the Government. They will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in Daily Treasury Statements and in other tables in this Bulletin. For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the text in Feb. 1939 Bulletin.
2/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration and Farm Tenant Act.
Cash Income and Outgo and Excess of Cash Outgo, in Monthly Totals
(in millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Cash income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935</td><td>229</td><td>231</td><td>621</td><td>249</td><td>261</td><td>479</td><td>278</td><td>320</td><td>440</td><td>260</td><td>226</td><td>453</td><td>4,047</td></tr><tr><td>1936</td><td>249</td><td>240</td><td>771</td><td>255</td><td>249</td><td>542</td><td>311</td><td>362</td><td>522</td><td>299</td><td>259</td><td>547</td><td>4,606</td></tr><tr><td>1937</td><td>303</td><td>326</td><td>1,115</td><td>421</td><td>390</td><td>925</td><td>438</td><td>541</td><td>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>644</td><td>379</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</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>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>834</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>894</td><td>8,685</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>843</td><td>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>870</td><td>833</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>144</td><td>384</td><td>290</td><td>258</td><td>336</td><td>241</td><td>170</td><td>398</td><td>248</td><td>179</td><td>2,998</td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>163</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>331</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>10</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>137</td><td>1,693</td></tr><tr><td>1939</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>199</td><td>283</td><td>400</td><td>139</td><td>382</td><td>100</td><td>332</td><td>2,930</td></tr><tr><td>1940</td><td>328</td><td>65</td><td>-138</td><td>407</td><td>130</td><td>104</td><td>357</td><td>146</td><td>77</td><td></td><td></td><td></td><td></td></tr></table>
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1935 to Date
TREASURY GENERAL FUND AND PUBLIC DEBT
15
16
Composition of General Fund
(In millions of dollars)
<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 balances</th><th>Seignior-age</th><th>Increment on gold</th><th>Inactive gold</th><th>Total</th><th>Bullion, coin and currency</th><th>Deposits in Fed. Reserve Banks</th><th>Special deposits e/o sales of Gov't Secs.</th><th>All other deposits and collections</th></tr><tr><td>1933</td><td>862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td><td>241</td></tr><tr><td>1934</td><td>2,582</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td><td>451</td></tr><tr><td>1935</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td><td>-</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td><td>175</td></tr><tr><td>1936</td><td>2,682</td><td>2,225</td><td>316</td><td>141</td><td>-</td><td>2,936</td><td>865</td><td>862</td><td>1,151</td><td>58</td><td>254</td></tr><tr><td>1937</td><td>2,554</td><td>970</td><td>356</td><td>141</td><td>1.087</td><td>2,709</td><td>1,863</td><td>141</td><td>649</td><td>55</td><td>156</td></tr><tr><td>1938</td><td>2,216</td><td>1,628</td><td>446</td><td>142</td><td>-</td><td>2,419</td><td>830</td><td>929</td><td>611</td><td>49</td><td>203</td></tr><tr><td>1939</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td><td>249</td></tr><tr><td>1940</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td><td>-</td><td>2,038</td><td>891</td><td>254</td><td>805</td><td>88</td><td>147</td></tr><tr><td>1939-Sept.</td><td>2,178</td><td>1,481</td><td>554</td><td>143</td><td>-</td><td>2,334</td><td>910</td><td>586</td><td>758</td><td>80</td><td>156</td></tr><tr><td>Oct.</td><td>1,913</td><td>1,213</td><td>558</td><td>142</td><td>-</td><td>2,077</td><td>922</td><td>318</td><td>756</td><td>81</td><td>164</td></tr><tr><td>Nov.</td><td>2,165</td><td>1,462</td><td>561</td><td>142</td><td>-</td><td>2,350</td><td>1,042</td><td>471</td><td>755</td><td>82</td><td>185</td></tr><tr><td>Dec.</td><td>2,476</td><td>1,768</td><td>565</td><td>143</td><td>-</td><td>2,666</td><td>1,086</td><td>673</td><td>825</td><td>83</td><td>190</td></tr><tr><td>1940-Jan.</td><td>2,282</td><td>1,571</td><td>568</td><td>143</td><td>-</td><td>2,463</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><tr><td>Aug.</td><td>2,454</td><td>1,720</td><td>591</td><td>143</td><td>-</td><td>2,611</td><td>992</td><td>815</td><td>717</td><td>87</td><td>157</td></tr><tr><td>Sept.</td><td>2,415</td><td>1,680</td><td>592</td><td>143</td><td>-</td><td>2,566</td><td>1,003</td><td>759</td><td>715</td><td>88</td><td>151</td></tr></table>
Source: Daily Treasury Statements.
Statement of the Outstanding Public Debt on June 30, 1940 and September 30, 1940
(In millions of dollars)
<table><tr><th></th><th>June 30, 1940</th><th>Sept. 30, 1940</th><th>Change</th><th></th><th>June 30, 1940</th><th>Sept. 30, 1940</th><th>Change</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>506</td><td>-18</td></tr><tr><td>Treasury bonds.</td><td>26,555</td><td>27,236</td><td>+681</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>3,044</td><td>+139</td><td>Insurance Trust Fund.</td><td>1,738</td><td>1,876</td><td>+138</td></tr><tr><td>Adjusted Service bonds.</td><td>261</td><td>254</td><td>-6</td><td>Railroad Retirement Account.</td><td>80</td><td>85</td><td>+5</td></tr><tr><td>Treasury notes.</td><td>6,383</td><td>6,384</td><td>+1</td><td>Government retirement funds.</td><td>559</td><td>643</td><td>+84</td></tr><tr><td>Treasury bills.</td><td>1,302</td><td>1,303</td><td>+1</td><td>Adjusted Service Certificate Fund.</td><td>11</td><td>10</td><td>-1</td></tr><tr><td>Matured debt on which interest has ceased</td><td>205</td><td>212</td><td>+7</td><td>Unemployment Trust Fund.</td><td>1,710</td><td>1,790</td><td>+80</td></tr><tr><td>Debt bearing no interest.</td><td>386</td><td>381</td><td>-5</td><td>Postal Savings System.</td><td>97</td><td>97</td><td>-</td></tr><tr><td>Total Market issues, etc.</td><td>38,193</td><td>39,010</td><td>+817</td><td>Federal Deposit Insurance 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>5,063</td><td>+288</td></tr><tr><td></td><td></td><td></td><td></td><td>Total.</td><td>42,968</td><td>44,073</td><td>+1,105</td></tr></table>
Sources: Daily Treasury Statements.
Public Debt Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th rowspan="2">Excess of Receipts</th></tr><tr><th>Total</th><th colspan="3">Market Operations</th><th>Special Series</th><th>Total</th><th colspan="2">Market Operations</th></tr><tr><th></th><th></th><th>Cash</th><th>Adjusted Service Bonds</th><th>Exchanges</th><th></th><th></th><th>Cash</th><th>Exchanges</th><th>Special Series</th></tr><tr><td>1938</td><td>9,620.7</td><td>4,775.7</td><td>12.7</td><td>2,673.8</td><td>2,158.5</td><td>8,880.6</td><td>5,166.0</td><td>2,673.8</td><td>1,040.8</td><td>740.1</td></tr><tr><td>1939</td><td>13,083.6</td><td>7,475.1</td><td>6.5</td><td>3,034.9</td><td>2,567.1</td><td>9,808.8</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>3,274.8</td></tr><tr><td>1940</td><td>13,165.6</td><td>7,194.4</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>10,637.6</td><td>5,679.8</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1939-Sept.</td><td>491.9</td><td>148.4</td><td>.5</td><td>-</td><td>43.0</td><td>525.5</td><td>451.4</td><td>-</td><td>74.1</td><td>-33.6</td></tr><tr><td>Oct.</td><td>606.5</td><td>551.0</td><td>.5</td><td>-</td><td>55.0</td><td>428.2</td><td>419.2</td><td>-</td><td>9.0</td><td>176.4</td></tr><tr><td>Nov.</td><td>1,311.8</td><td>607.6</td><td>.6</td><td>515.2</td><td>188.4</td><td>1,042.6</td><td>524.8</td><td>515.2</td><td>2.8</td><td>269.0</td></tr><tr><td>Dec.</td><td>2,521.1</td><td>1,122.7</td><td>1.4</td><td>1,301.0</td><td>96.0</td><td>1,883.7</td><td>423.3</td><td>1,301.0</td><td>159.4</td><td>637.4</td></tr><tr><td>1940-Jan.</td><td>844.6</td><td>792.2</td><td>2.0</td><td>.1</td><td>50.3</td><td>677.3</td><td>651.1</td><td>.1</td><td>26.1</td><td>167.3</td></tr><tr><td>Feb.</td><td>652.0</td><td>548.4</td><td>.6</td><td>-</td><td>103.0</td><td>396.4</td><td>393.6</td><td>-</td><td>2.8</td><td>255.6</td></tr><tr><td>Mar.</td><td>1,385.8</td><td>519.2</td><td>.6</td><td>718.0</td><td>148.0</td><td>1,211.2</td><td>460.3</td><td>718.0</td><td>32.9</td><td>174.6</td></tr><tr><td>Apr.</td><td>576.5</td><td>523.0</td><td>.5</td><td>-</td><td>53.0</td><td>458.7</td><td>431.3</td><td>-</td><td>27.4</td><td>117.8</td></tr><tr><td>May.</td><td>656.0</td><td>564.7</td><td>.3</td><td>-</td><td>91.0</td><td>506.0</td><td>503.3</td><td>-</td><td>2.7</td><td>150.0</td></tr><tr><td>June.</td><td>2,705.2</td><td>450.0</td><td>.3</td><td>277.7</td><td>1,977.2</td><td>2,545.4</td><td>480.7</td><td>277.7</td><td>1,787.0</td><td>159.8</td></tr><tr><td>July.</td><td>1,376.9</td><td>1,245.9</td><td>.3</td><td>1.7</td><td>129.0</td><td>573.9</td><td>521.7</td><td>1.7</td><td>50.5</td><td>803.0</td></tr><tr><td>Aug.</td><td>554.8</td><td>463.4</td><td>.3</td><td>-</td><td>91.1</td><td>420.1</td><td>409.3</td><td>-</td><td>10.8</td><td>134.7</td></tr><tr><td>Sept.</td><td>613.9</td><td>447.6</td><td>.2</td><td>-</td><td>166.0</td><td>446.2</td><td>409.7</td><td>-</td><td>36.4</td><td>167.7</td></tr></table>
Source: Daily Treasury Statement
17
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(in millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="4">Government agencies and trust funds</th><th colspan="3">Other holders</th><th rowspan="2">Total unmatured direct obligations outstanding</th><th colspan="3">Guaranteed obligations 1/</th></tr><tr><th></th><th>Special issues</th><th>U. S. Savings Bonds, 3% Adjusted Service Bonds of 1945, and 24% Postal Savings Bonds 2/</th><th>Market issues</th><th>Federal Reserve Banks</th><th>U. S. Savings Bonds and 3% Adjusted Service Bonds of 1945</th><th>Market issues otherwise held 1/</th><th>Government agencies and trust funds and Federal Reserve Banks</th><th>Market issues otherwise held</th><th>Total unmatured guaranteed obligations outstanding</th></tr><tr><td>1937</td><td>323</td><td>14</td><td>240</td><td>1,998</td><td>-</td><td>19,583</td><td>22,158</td><td>-</td><td>-</td><td>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>-</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>27,045</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>4,713</td></tr><tr><td>1937</td><td>1,558</td><td>22</td><td>1,618</td><td>2,526</td><td>1,191</td><td>28,888</td><td>35,803</td><td>381</td><td>4,284</td><td>4,665</td></tr><tr><td>1938</td><td>2,676</td><td>25</td><td>1,754</td><td>2,594</td><td>1,559</td><td>28,001</td><td>36,579</td><td>344</td><td>4,509</td><td>4,853</td></tr><tr><td>1939</td><td>3,770</td><td>27</td><td>1,816</td><td>2,551</td><td>2,157</td><td>29,571</td><td>39,892</td><td>295</td><td>5,155</td><td>5,450</td></tr><tr><td>1940</td><td>4,775</td><td>29</td><td>2,010</td><td>2,463</td><td>3,166</td><td>29,933</td><td>42,376</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>1939-Sept.</td><td>4,063</td><td>28</td><td>1,888</td><td>2,752</td><td>2,330</td><td>29,285</td><td>40,346</td><td>348</td><td>5,008</td><td>5,356</td></tr><tr><td>Oct.</td><td>4,109</td><td>28</td><td>1,887</td><td>2,669</td><td>2,369</td><td>29,468</td><td>40,530</td><td>348</td><td>5,005</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>40,612</td><td>305</td><td>5,316</td><td>5,621</td></tr><tr><td>Dec.</td><td>4,231</td><td>28</td><td>2,017</td><td>2,472</td><td>2,499</td><td>30,218</td><td>41,465</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>1940-Jan.</td><td>4,256</td><td>28</td><td>2,027</td><td>2,465</td><td>2,762</td><td>30,081</td><td>41,619</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Feb.</td><td>4,356</td><td>29</td><td>2,009</td><td>2,465</td><td>2,889</td><td>30,101</td><td>41,849</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>Mar.</td><td>4,472</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>5,491</td></tr><tr><td>June</td><td>4,775</td><td>29</td><td>2,013</td><td>2,463</td><td>3,169</td><td>29,931</td><td>42,380</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>July 5/</td><td>4,853</td><td>30</td><td>2,029</td><td>2,441</td><td>3,224</td><td>30,609</td><td>43,186</td><td>286</td><td>5,213</td><td>5,499</td></tr><tr><td>Aug. 5/</td><td>4,914</td><td>30</td><td>2,010</td><td>2,435</td><td>3,264</td><td>30,644</td><td>43,317</td><td>286</td><td>5,502</td><td>5,788</td></tr><tr><td>Sept. 5/</td><td>5,063</td><td>30</td><td>2,010</td><td>2,417</td><td>3,298</td><td>30,662</td><td>43,480</td><td>287</td><td>5,500</td><td>5,787</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, unreviced.
1/ Exclusive of obligations sold directly to the Treasury.
2/ Includes 243 Postal Savings Bonds held by the Postal Savings System.
3/ Includes 244 Postal Savings Bonds held other than by Governmental agencies and trust funds.
4/ On basis of Public Debt Statement except for July, August and September 1940, which are on basis of Daily Treasury Statements.
5/ Figures partly estimated.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(in millions of dollars)
<table><tr><th></th><th colspan="12">Purchases or sales (-)</th></tr><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1936.</td><td>18.5</td><td>4.5</td><td>32.7</td><td>19.0</td><td>15.8</td><td>30.5</td><td>15.5</td><td>3.8</td><td>47.4</td><td>27.0</td><td>5.9</td><td>24.0</td></tr><tr><td>1937.</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938.</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>38.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939.</td><td>1.6</td><td>.1</td><td>-12.5</td><td>-37.1</td><td>-40.4</td><td>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940.</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-3</td><td>-</td><td>-</td><td>-</td></tr></table>
Composition of the Public Debt
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th rowspan="2">Total</th><th colspan="9">Gross debt</th></tr><tr><th>Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and certificates of indebtedness</th><th colspan="2">Special issues</th><th>Matured debt</th><th>Non-interest-bearing debt</th></tr><tr><th></th><th></th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th></th><th></th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td></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></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.1</td><td>141</td><td>447</td></tr><tr><td>1939</td><td>40,439</td><td>39,888</td><td>27,565</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td></tr><tr><td>1940</td><td>42,968</td><td>42,377</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>386</td></tr><tr><td>1939-Sept.</td><td>40,858</td><td>40,342</td><td>27,741</td><td>68.8</td><td>7,232</td><td>17.9</td><td>1,306</td><td>3.2</td><td>4,063</td><td>10.1</td><td>112</td><td>404</td></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></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></tr><tr><td>Dec.</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></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></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></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></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></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></tr><tr><td>June</td><td>42,968</td><td>42,377</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>386</td></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></tr><tr><td>Aug.</td><td>43,905</td><td>43,317</td><td>30,696</td><td>70.9</td><td>6,384</td><td>14.7</td><td>1,303</td><td>3.0</td><td>4,934</td><td>11.4</td><td>205</td><td>383</td></tr><tr><td>Sept.</td><td>44,073</td><td>43,480</td><td>30,730</td><td>70.7</td><td>6,384</td><td>14.7</td><td>1,303</td><td>3.0</td><td>5,063</td><td>11.6</td><td>212</td><td>381</td></tr></table>
Source: Daily Treasury Statements.
INTEREST-BEARING COMPOSITION OF PUBLIC DEBT OUTSTANDING
18
19
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>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 subscrip-tions tendered</th><th>For cash</th><th colspan="2">New securities allotted</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certifi-cates</th><th></th><th></th><th>Amount of exchangeable Treasury bonds</th><th>Treasury notes and certifi-cates</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>Deo. 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>Deo. 15.</td><td>2-1/2</td><td>8 years</td><td>Deo. 15, 1945</td><td>541</td><td>-</td><td>4,064</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>Deo. 15.</td><td>1-3/4</td><td>5 years</td><td>Deo. 15, 1942</td><td>-</td><td>232</td><td>2,702</td><td>219</td><td>-</td><td>13</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1, 1938</td></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept. 15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept. 15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Deo. 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>Deo. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>2-3/4</td><td>22-27 years</td><td>Deo. 15, 1960 Deo. 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>Deo. 15.</td><td>2</td><td>9 years</td><td>Deo. 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>Deo. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>-</td><td>39</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Deo. 15, 1960 Deo. 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>Deo. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>-</td><td>53</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>June 15.</td><td>3/4</td><td>5 years</td><td>June 15, 1944</td><td>-</td><td>416</td><td>-</td><td>-</td><td>-</td><td>416</td><td>June 15, 1937</td><td>1-3/8</td><td>Sept. 15, 1939</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 4 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>Deo. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Deo. 15, 1948 Deo. 15, 1950</td><td>571</td><td>-</td><td>6,264 501/ 501/</td><td>521 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deo. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Deo. 15, 1951 Deo. 15, 1953</td><td>1,118</td><td>-</td><td>1001/</td><td>1001/</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>681</td><td>-</td><td>6,605 501/</td><td>631 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct. 7.</td><td>2</td><td>13-15 years</td><td>June 15, 1953 June 15, 1955</td><td>725</td><td>-</td><td>-</td><td>-</td><td>-</td><td>725</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Deo. 15, 1940</td></tr></table>
Back Figures: For financing in fiscal years 1934-37 see March 1939 Bulletin, pp. 16-17. 1/ These amounts were sold to Government investment accounts direct.
20
Maturity Schedule of United States Government Interest-Bearing Debt Outstanding As of September 30, 1940
(Amount in millions of dollars) 2/
<table><tr><th colspan="4">Classified by year in which issues are first callable 3/</th><th colspan="4">Classified by year in which issues 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<br>Bills 1-1/2% Notes C - 12/15 40</td><td>1,303<br>737<br>Total</td><td>-</td><td>2,040</td><td>1940<br>Bills 1-1/2% Notes C - 12/15 40</td><td>1,303<br>737<br>Total</td><td>-</td><td>2,040</td></tr><tr><td>1941<br>1-1/2% Notes A - 3/15 41<br>3-3/8% Bonds - 3/15 41-43<br>1-3/8% Notes B - 6/15 41<br>3-1/4% Bonds - 8/1 41<br>1-1/4% Notes C - 12/15 41</td><td>677<br>504<br>834<br>204<br>Total</td><td>545</td><td>4,804</td><td>1941<br>1-1/2% Notes A - 3/15 41<br>1-3/8% Notes B - 6/15 41<br>3-1/4% Bonds - 8/1 41<br>1-1/4% Notes C - 12/15 41</td><td>677<br>504<br>834<br>204<br>Total</td><td>-</td><td>4,259</td></tr><tr><td>1942<br>1-3/4% Notes A - 3/15 42<br>2% Notes B - 9/15 42<br>1-3/4% Notes C - 12/15 42</td><td>426<br>342<br>232<br>Total</td><td>-</td><td>5,804</td><td>1942<br>1-3/4% Notes A - 3/15 42<br>2% Notes B - 9/15 42<br>1-3/4% Notes C - 12/15 42</td><td>426<br>342<br>232<br>Total</td><td>-</td><td>5,259</td></tr><tr><td>1943<br>1-1/8% Notes A - 6/15 43<br>3-3/8% Bonds - 6/15 43-47<br>1% Notes C - 9/15 43<br>3-1/4% Bonds - 10/15 43-45<br>1-1/8% Notes B - 12/15 43</td><td>629<br>279<br>421<br>Total</td><td>454<br>1,401</td><td>8,988</td><td>1943<br>3-3/8% Bonds - 3/15 41-43<br>1-1/8% Notes A - 6/15 43<br>1% Notes C - 9/15 43<br>1-1/8% Notes B - 12/15 43</td><td>629<br>279<br>421<br>Total</td><td>545</td><td>7,133</td></tr><tr><td>1944<br>1% Notes B - 3/15 44<br>3-1/4% Bonds - 4/15 44-46<br>3/4% Notes A - 6/15 44<br>1% Notes C - 9/15 44<br>1% Bonds - 12/15 44-54</td><td>525<br>416<br>283<br>Total</td><td>1,519<br>1,037</td><td>12,758</td><td>1944<br>1% Notes B - 3/15 44<br>3/4% Notes A - 6/15 44<br>1% Notes C - 9/15 44</td><td>515<br>416<br>283<br>Total</td><td>-</td><td>8,347</td></tr><tr><td>1945<br>3/4% Notes A - 3/15 45<br>2-3/4% Bonds - 9/15 45-47<br>2-1/2% Bonds - 12/15 45</td><td>718<br>541<br>Total</td><td>1,214</td><td>15,231</td><td>1945<br>3/4% Notes A - 3/15 45<br>2-3/4% Bonds - 10/15 45-47<br>2-1/2% Bonds - 12/15 45</td><td>718<br>541<br>Total</td><td>1,401</td><td>11,007</td></tr><tr><td>1946<br>3% Conversion bonds - 1/1 46<br>3-3/4% Bonds - 3/15 46-56<br>3% Bonds - 6/15 46-48<br>3-1/8% Bonds - 6/15 46-49</td><td>16<br>1,036<br>819<br>Total</td><td>489</td><td>17,591</td><td>1946<br>3% Conversion bonds - 1/1 46<br>3-1/4% Bonds - 4/15 44-46<br>Total</td><td>16<br>1,519<br>Total</td><td>1,519</td><td>12,542</td></tr><tr><td>1947<br>3% Conversion bonds - 1/1 47<br>4-1/4% Bonds - 10/15 47-52<br>2% Bonds - 12/15 47</td><td>13<br>701<br>Total</td><td>759</td><td>19,064</td><td>1947<br>3% Conversion bonds - 1/1 47<br>3-3/8% Bonds - 6/15 43-47<br>2-3/4% Bonds - 9/15 45-47<br>2% Bonds - 12/15 47</td><td>13<br>454<br>1,214<br>701<br>Total</td><td>1,668</td><td>14,924</td></tr><tr><td>1948<br>2-3/4% Bonds - 3/15 48-51<br>2-1/2% Bonds - 9/15 48<br>2% Bonds - 12/15 48-50</td><td>451<br>Total</td><td>1,223<br>571</td><td>21,309</td><td>1948<br>3% Bonds - 6/15 46-48<br>2-1/2% Bonds - 9/15 48</td><td>451<br>Total</td><td>1,036</td><td>16,411</td></tr><tr><td>1949<br>2-1/2% Bonds - 12/15 49-53<br>3-1/8% Bonds - 12/15 49-52</td><td>-<br>Total</td><td>1,786<br>491</td><td>23,586</td><td>1949<br>3-1/8% Bonds - 6/15 46-49</td><td>-<br>Total</td><td>819</td><td>17,230</td></tr><tr><td>1950<br>2-1/2% Bonds - 9/15 50-52</td><td>-<br>Total</td><td>1,186</td><td>24,772</td><td>1950<br>2% Bonds - 12/15 48-50</td><td>-<br>Total</td><td>571</td><td>17,801</td></tr><tr><td>1951<br>2-3/4% Bonds - 6/15 51-54<br>3% Bonds - 9/15 51-55<br>2-1/4% Bonds - 12/15 51-53</td><td>-<br>Total</td><td>1,627<br>755<br>1,118</td><td>28,272</td><td>1951<br>2-3/4% Bonds - 3/15 48-51</td><td>-<br>Total</td><td>1,223</td><td>19,024</td></tr></table>
(Continued on following page)
21
Maturity Schedule of United States Government Interest-Bearing Debt Outstanding As of September 30, 1940 - (Continued)
(Amount in millions of dollars) 2/
Classified by year in which issues are first callable y Classified by year in which issues mature
<table><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>28,272</td><td>1952</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-1/2% Bonds - 9/15 50-52..</td><td></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></td><td>759</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>3-1/8% Bonds - 12/15 49-52..</td><td></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>21,460</td></tr><tr><td>1953</td><td>-</td><td>-</td><td>28,272</td><td>1953</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-1/4% Bonds - 12/15 51-53..</td><td></td><td>1,115</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-1/2% Bonds - 12/15 49-53..</td><td></td><td>1,785</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,904</td><td>24,364</td></tr><tr><td>1954</td><td></td><td>681</td><td></td><td>1954</td><td></td><td></td><td></td></tr><tr><td>2-1/4% Bonds - 6/15 54-56..</td><td>-</td><td>681</td><td>28,953</td><td>2-3/4% Bonds - 6/15 51-54..</td><td></td><td>1,627</td><td></td></tr><tr><td>Total</td><td></td><td>681</td><td></td><td>1/2% Bonds - 12/15 44-54..</td><td></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>27,028</td></tr><tr><td>1955</td><td></td><td>2,611</td><td></td><td>1955</td><td></td><td></td><td></td></tr><tr><td>2-7/8% Bonds - 3/15 55-50..</td><td>-</td><td>2,611</td><td>31,564</td><td>3% Bonds - 9/15 51-55..</td><td></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>27,783</td></tr><tr><td>1956</td><td></td><td>982</td><td></td><td>1956</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 9/15 56-59..</td><td>-</td><td>982</td><td>32,546</td><td>3-3/4% Bonds - 3/15 46-56..</td><td></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></td><td>681</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,170</td><td>28,953</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>32,546</td><td>1957</td><td></td><td></td><td></td></tr><tr><td>1958</td><td></td><td>919</td><td></td><td>1958</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 6/15 58-63..</td><td>-</td><td>919</td><td>33,465</td><td></td><td></td><td></td><td>28,953</td></tr><tr><td>Total</td><td></td><td>919</td><td></td><td>1959</td><td></td><td></td><td></td></tr><tr><td>1959</td><td>-</td><td>-</td><td>33,465</td><td>2-3/4% Bonds - 9/15 56-59..</td><td></td><td>982</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>982</td><td>29,935</td></tr><tr><td>1960</td><td></td><td>1,485</td><td></td><td>1960</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 12/15 60-65..</td><td>-</td><td>1,485</td><td>34,950</td><td>2-7/8% Bonds - 3/15 55-60..</td><td></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>32,546</td></tr><tr><td>1961</td><td></td><td></td><td></td><td>1961</td><td></td><td></td><td></td></tr><tr><td>3% Panama Canal bonds - 6/1 61.....</td><td>50</td><td></td><td>35,000</td><td>3% Panama Canal bonds - 6/1 61.....</td><td>50</td><td></td><td></td></tr><tr><td>Total</td><td>50</td><td>-</td><td></td><td>Total</td><td>50</td><td>-</td><td>32,596</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>35,000</td><td>1962</td><td>-</td><td>-</td><td>32,596</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>35,000</td><td>1963</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% Bonds - 6/15 58-63..</td><td></td><td>919</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>919</td><td>33,515</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>35,000</td><td>1964</td><td>-</td><td>-</td><td>33,515</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>35,000</td><td>1965</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% Bonds - 12/15 60-65..</td><td></td><td>1,485</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,485</td><td>35,000</td></tr></table>
Source: Daily Treasury Statement
1/ Excludes (1) Postal Savings bonds; (2) United States Savings bonds; (3) Adjusted Service bonds; (4) special issues to Government agencies and trust funds.
2/ Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published
Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures.
Fixed maturity leases are classified by year in which due
Y Mixed-maturity issues are classified by year in which due.
22
Bank Holdings of U. S. Government Securities and of Securities Guaranteed by the United States, June 30, 1940
(in millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">United States Government securities</th><th colspan="5">Securities guaranteed by the United States</th></tr><tr><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Insured commercial 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></tr><tr><td>Member 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></tr><tr><td>National</td><td>581</td><td>1,649</td><td>336</td><td>1,814</td><td>2,453</td><td>171</td><td>7,204</td><td>367</td><td>1,066</td><td>248</td><td>211</td><td>1,891</td></tr><tr><td>State</td><td>216</td><td>893</td><td>347</td><td>1,389</td><td>1,323</td><td>229</td><td>4,397</td><td>472</td><td>391</td><td>197</td><td>170</td><td>1,231</td></tr><tr><td>Total member banks</td><td>797</td><td>2,543</td><td>682</td><td>3,202</td><td>3,776</td><td>600</td><td>11,600</td><td>839</td><td>1,457</td><td>445</td><td>380</td><td>3,121</td></tr><tr><td>Nonmember banks</td><td>8</td><td>156</td><td>68</td><td>287</td><td>334</td><td>77</td><td>931</td><td>31</td><td>132</td><td>53</td><td>32</td><td>249</td></tr><tr><td>Total of all operating insured commercial banks</td><td>805</td><td>2,699</td><td>750</td><td>3,489</td><td>4,110</td><td>677</td><td>12,531</td><td>870</td><td>1,589</td><td>498</td><td>412</td><td>3,370</td></tr><tr><td>Member 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></tr><tr><td>New York City</td><td>421</td><td>1,092</td><td>281</td><td>1,200</td><td>1,036</td><td>133</td><td>4,162</td><td>473</td><td>590</td><td>142</td><td>119</td><td>1,324</td></tr><tr><td>Chicago</td><td>254</td><td>161</td><td>25</td><td>137</td><td>448</td><td>100</td><td>1,125</td><td>97</td><td>10</td><td>4</td><td>23</td><td>134</td></tr><tr><td>Reserve city</td><td>87</td><td>839</td><td>239</td><td>1,179</td><td>1,417</td><td>217</td><td>3,978</td><td>158</td><td>513</td><td>159</td><td>173</td><td>962</td></tr><tr><td>Country</td><td>36</td><td>451</td><td>138</td><td>686</td><td>875</td><td>150</td><td>2,335</td><td>111</td><td>345</td><td>140</td><td>99</td><td>695</td></tr><tr><td>Total member banks</td><td>797</td><td>2,543</td><td>682</td><td>3,202</td><td>3,776</td><td>600</td><td>11,600</td><td>839</td><td>1,457</td><td>445</td><td>380</td><td>3,121</td></tr></table>
Shown as percentages of the privately held marketable supply 2/
<table><tr><th rowspan="2"></th><th colspan="5">United States Government securities</th><th colspan="5">Securities guaranteed by the United States</th></tr><tr><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Insured commercial 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></tr><tr><td>Member 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></tr><tr><td>National</td><td>45</td><td>32</td><td>26</td><td>23</td><td>19</td><td>17</td><td>24</td><td>34</td><td>44</td><td>21</td><td>40</td><td>36</td></tr><tr><td>State</td><td>16</td><td>17</td><td>26</td><td>19</td><td>11</td><td>10</td><td>14</td><td>43</td><td>16</td><td>17</td><td>32</td><td>24</td></tr><tr><td>Total member banks</td><td>61</td><td>49</td><td>52</td><td>42</td><td>30</td><td>27</td><td>38</td><td>77</td><td>60</td><td>38</td><td>72</td><td>60</td></tr><tr><td>Nonmember banks</td><td>1</td><td>3</td><td>5</td><td>1</td><td>3</td><td>4</td><td>3</td><td>3</td><td>5</td><td>5</td><td>6</td><td>5</td></tr><tr><td>Total of all operating insured commercial banks</td><td>62</td><td>52</td><td>57</td><td>43</td><td>33</td><td>31</td><td>41</td><td>80</td><td>65</td><td>43</td><td>78</td><td>65</td></tr><tr><td>Member 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></tr><tr><td>New York City</td><td>32</td><td>21</td><td>21</td><td>16</td><td>8</td><td>6</td><td>14</td><td>43</td><td>24</td><td>12</td><td>22</td><td>25</td></tr><tr><td>Chicago</td><td>19</td><td>3</td><td>2</td><td>2</td><td>4</td><td>4</td><td>4</td><td>9</td><td>1</td><td>1</td><td>4</td><td>3</td></tr><tr><td>Reserve city</td><td>7</td><td>16</td><td>18</td><td>16</td><td>11</td><td>10</td><td>13</td><td>15</td><td>21</td><td>14</td><td>26</td><td>13</td></tr><tr><td>Country</td><td>3</td><td>9</td><td>11</td><td>8</td><td>7</td><td>7</td><td>7</td><td>10</td><td>14</td><td>12</td><td>19</td><td>13</td></tr><tr><td>Total member banks</td><td>61</td><td>49</td><td>52</td><td>42</td><td>30</td><td>27</td><td>38</td><td>77</td><td>60</td><td>38</td><td>72</td><td>60</td></tr></table>
Sources: Figures on bank holdings come from reports of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System.
Less than 1%.
Book values.
Holdings of United States Savings bonds have been included in the table showing the amount of bank holdings, but in calculating the percentages, estimates of such holdings of United States Savings bonds have been excluded. Because of this exclusion, and because the figures used for bank holdings represent book values whereas par values are used for the privately held marketable supply, the percentage figures are only roughly accurate.
Privately Held Marketable Supply of U. S. Government Securities and of Securities Guaranteed by the United States, June 30, 1940
<table><tr><th rowspan="2"></th><th colspan="6">United States Government securities</th><th colspan="5">Securities guaranteed by the United States</th></tr><tr><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>10 to 10 years</th><th>10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>Privately held marketable supply 1/</td><td>1,302</td><td>5,199</td><td>1,306</td><td>7,359</td><td>12,616</td><td>2,194</td><td>29,976</td><td>1,090</td><td>2,429</td><td>1,168</td><td>527</td><td>5,214</td></tr></table>
1/ Par values. The "privately held marketable supply" includes all interest-bearing obligations except United States Savings Bonds, Adjusted Service bonds, and securities held by the Federal Reserve Banks and Federal governmental corporations, credit agencies, and trust funds.
23
Securities Held in Treasury Trust Funds and by Certain Governmental Corporations
As of June 30, 19
(See above)
<table><tr><th>Description of security</th><th>Total</th><th>Postal Savings System</th><th>Federal Deposit Insurance Corporation</th><th>Individual Indian Trust Funds</th><th>Mutual Mortgage Insurance Fund and Housing Insurence Fund</th><th>Federal Savings & Loan Insurance Corporation 2/</th><th>United States Housing Authority</th><th>U. S. Government Life Insurance Fund</th><th>D. C. Teachers' Retirement Fund</th><th>Alleged Property Custodian Funds</th><th>Miscellaneous accounts 3/</th></tr><tr><td>United States Government Obligations</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>244 Postal savings bonds.</td><td>$ 29,152,040</td><td>$ 29,152,040</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Savings bonds (maturity value).</td><td>195,175</td><td>-</td><td>-</td><td>$ 145,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$ 50,000</td></tr><tr><td>34 Adjusted Service bonds of 1945......</td><td>1,950</td><td>-</td><td>-</td><td>1,950</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Treasury bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>4-1/4% of 1947-52......</td><td>69,419,300</td><td>19,432,000</td><td>$ 4,631,000</td><td>45,000</td><td>$2,940,000</td><td>-</td><td>-</td><td>$40,772,000</td><td>$1,142,200</td><td>-</td><td>457,100</td></tr><tr><td>4% 1944-54......</td><td>64,637,500</td><td>34,511,000</td><td>11,635,000</td><td>1,239,500</td><td>2,845,000</td><td>-</td><td>-</td><td>14,106,000</td><td>134,000</td><td>-</td><td>137,000</td></tr><tr><td>3-3/4% 1946-56......</td><td>33,660,100</td><td>20,744,000</td><td>7,338,000</td><td>16,000</td><td>2,788,100</td><td>-</td><td>-</td><td>2,200,000</td><td>118,000</td><td>-</td><td>456,000</td></tr><tr><td>3-3/8% 1943-47......</td><td>29,044,100</td><td>8,446,000</td><td>5,362,400</td><td>14,368,700</td><td>-</td><td>-</td><td>-</td><td>-</td><td>247,000</td><td>-</td><td>620,000</td></tr><tr><td>3-3/8% 1940-43......</td><td>1,136,000</td><td>-</td><td>-</td><td>816,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>320,000</td><td>-</td><td>-</td></tr><tr><td>3-1/8% 1946-49......</td><td>39,055,200</td><td>22,423,000</td><td>12,265,500</td><td>4,266,700</td><td>-</td><td>$ 100,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3% 1951-55......</td><td>77,557,200</td><td>62,155,000</td><td>8,069,000</td><td>803,150</td><td>-</td><td>-</td><td>-</td><td>5,900,000</td><td>-</td><td>-</td><td>630,050</td></tr><tr><td>3-1/4% 1941......</td><td>10,000</td><td>-</td><td>-</td><td>10,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3-1/4% 1943-45......</td><td>70,374,900</td><td>47,008,000</td><td>20,200,550</td><td>2,922,800</td><td>-</td><td>-</td><td>-</td><td>-</td><td>232,000</td><td>-</td><td>11,550</td></tr><tr><td>3% 1944-48......</td><td>107,999,900</td><td>95,430,000</td><td>11,396,000</td><td>973,900</td><td>-</td><td>200,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>124,750</td></tr><tr><td>3-1/8% 1949-52......</td><td>11,585,000</td><td>10,250,000</td><td>1,335,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-7/8% 1955-60......</td><td>336,831,350</td><td>160,150,000</td><td>27,723,100</td><td>10,653,650</td><td>5,320,250</td><td>5,900,000</td><td>$ 450,000</td><td>122,559,250</td><td>2,981,850</td><td>-</td><td>1,093,250</td></tr><tr><td>2-3/4% 1945-47......</td><td>46,184,750</td><td>42,526,000</td><td>654,700</td><td>1,669,550</td><td>-</td><td>1,334,500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% 1948-51......</td><td>59,774,000</td><td>46,408,000</td><td>7,663,000</td><td>3,000</td><td>-</td><td>400,000</td><td>-</td><td>5,300,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% 1951-54......</td><td>82,969,000</td><td>48,785,000</td><td>14,651,000</td><td>242,700</td><td>550,000</td><td>610,000</td><td>-</td><td>17,745,000</td><td>94,000</td><td>-</td><td>291,300</td></tr><tr><td>2-3/4% 1956-59......</td><td>120,903,800</td><td>54,922,000</td><td>22,035,000</td><td>783,800</td><td>5,242,850</td><td>370,000</td><td>-</td><td>36,824,300</td><td>231,000</td><td>-</td><td>494,850</td></tr><tr><td>2-1/2% 1949-53......</td><td>118,038,150</td><td>99,978,000</td><td>16,780,000</td><td>580,150</td><td>-</td><td>550,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>150,000</td></tr><tr><td>2-1/2% 1945......</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/2% 1948......</td><td>4,525,000</td><td>167,000</td><td>4,358,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% 1958-63......</td><td>15,067,700</td><td>4,519,000</td><td>-</td><td>1,100</td><td>-</td><td>-</td><td>350,000</td><td>8,840,000</td><td>606,000</td><td>-</td><td>751,600</td></tr><tr><td>2-1/2% 1950-52......</td><td>42,905,000</td><td>17,155,000</td><td>-</td><td>-</td><td>-</td><td>1,150,000</td><td>-</td><td>24,600,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% 1960-65......</td><td>56,936,550</td><td>17,892,000</td><td>4,750,000</td><td>460,000</td><td>4,426,700</td><td>500,000</td><td>2,200,000</td><td>25,078,000</td><td>601,000</td><td>-</td><td>1,028,850</td></tr><tr><td>2% 1947......</td><td>1,250,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,250,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2% 1948-50......</td><td>50,500,000</td><td>24,661,000</td><td>25,000,000</td><td>2,000</td><td>-</td><td>500,000</td><td>-</td><td>-</td><td>65,000</td><td>-</td><td>272,000</td></tr><tr><td>2-1/4% 1951-53......</td><td>83,000,000</td><td>50,494,000</td><td>35,000,000</td><td>6,000</td><td>-</td><td>1,700,000</td><td>800,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/4% Series C-1942, Mat. 12/15/42..</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-1/8% Series A-1943, Mat. 6/15/43..</td><td>17,488,000</td><td>-</td><td>17,488,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-1/8% Series B-1943, Mat. 12/15/43..</td><td>745,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>745,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/4% Series A-1944, Mat. 6/15/44..</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1% Series B-1944, Mat. 3/15/44..</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/4% Series A-1945, Mat. 3/14/45..</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Special issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Special 24 securities..</td><td>176,759,000</td><td>96,500,000</td><td>56,000,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,259,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Special 24 securities..</td><td>2,034,900,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,034,900,000</td></tr><tr><td>Special 34 securities..</td><td>1,492,800,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,492,800,000</td></tr><tr><td>Special 44 securities..</td><td>570,277,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>570,277,000</td></tr><tr><td>44% Adjusted Service Bonds 3/......</td><td>500,157,956</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,157,956</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total United States Government obligations</td><td>6,413,149,971</td><td>1,071,023,290</td><td>345,567,350</td><td>41,978,075</td><td>24,112,900</td><td>17,009,500</td><td>3,800,000</td><td>828,341,506</td><td>6,772,050</td><td>-</td><td>4,104,545,300</td></tr></table>
(Continued on next page)
24
Securities Held in Treasury Trust Funds and by Certain Governmental Corporations As of June 30, 1940 (Continued)
(Face amount)
<table><tr><th rowspan="2">Description of security</th><th colspan="9">Investing Agency or Trust Fund</th></tr><tr><th>Total</th><th>Postal Savings System</th><th>Federal Deposit Insurance Corporation</th><th>Individual Indian Trust Fund</th><th>Mutual Mortgage Insurance Fund and Housing insurance Fund</th><th>Federal Savings & Loan Insurance Corporation 2/</th><th>United States Housing Authority</th><th>U. S. Government Life Insurance Fund</th><th>D. O. Teachers' Retirement Fund</th><th>Alien Property Custodian Fund</th><th>Miscellaneous amounts 3/</th></tr><tr><td>Securities Guaranteed by the United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation notes.</td><td>635,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>635,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation bonds.</td><td>87,321,900</td><td>87,156,400</td><td>-</td><td>55,800</td><td>-</td><td>-</td><td>-</td><td>-</td><td>95,000</td><td>-</td><td>14,700</td></tr><tr><td>Home Owners' Loan Corporation bonds.</td><td>161,998,175</td><td>59,406,000</td><td>-</td><td>25,175</td><td>-</td><td>102,567,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation notes.</td><td>2,200,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,200,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority notes.</td><td>-</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 securities guaranteed by the United States.</td><td>252,155,075</td><td>146,562,400</td><td>-</td><td>80,975</td><td>-</td><td>105,402,000</td><td>-</td><td>-</td><td>95,000</td><td>-</td><td>14,700</td></tr><tr><td>Other Securities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Farm Loan bonds.</td><td>43,783,900</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>41,999,000</td><td>1,441,200</td><td>-</td><td>343,700</td></tr><tr><td>Philippine bonds and certificates.</td><td>182,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>182,000</td><td>-</td><td>-</td></tr><tr><td>Puerto Rican bonds.</td><td>71,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>71,000</td><td>-</td><td>-</td></tr><tr><td>All Other.</td><td>242,934</td><td>-</td><td>-</td><td>21,500</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>221,434</td></tr><tr><td>Total other securities.</td><td>44,279,834</td><td>-</td><td>-</td><td>21,500</td><td>-</td><td>-</td><td>-</td><td>41,999,000</td><td>1,694,200</td><td>-</td><td>565,134</td></tr><tr><td>Total securities held.</td><td>6,739,584,880</td><td>1,217,585,690</td><td>345,567,350</td><td>42,080,550</td><td>24,112,900</td><td>122,411,500</td><td>3,800,000</td><td>870,340,506</td><td>8,561,250</td><td>-</td><td>4,105,125,134</td></tr></table>
1/ Comprises holdings of securities held as investments is (1) Trust Funds which by law are under the control of the Secretary of the Treasury or the Treasurer of the United States and (2) Accounts under the control of certain governmental corporations and agencies whose investments are handed through the facilities of the Treasury Department.
2/ Includes investments made directly by the corporation.
3/ Miscellaneous accounts: 
Panama Canal Zone Funds (Investments handled by the Panama Canal) 
General Post Fund, Veterans' Administration 
Library of Congress Trust Fund 
D. O. Workmen's Compensation Fund 
Longshoremen's and Harbor Workers' Compensation Fund 
District of Columbia Water Fund 
German Special Deposit Account 
National Institute of Health Gift Fund 
Comptroller of the Currency Employees' Retirement Fund 
Pershing Hall Memorial Fund 
National Park Trust Fund 
Ainsworth Library Fund, Walter Reed General Hospital 
Unemployment Trust Fund 
Federal Old-Age and Survivors Insurance Trust Fund 
Federal Old-Age and Survivors Insurance Trust Fund 
Railroad Retirement Account 
Alaska Railroad Retirement and Disability Fund 
Canal Zone Retirement and Disability Fund 
Civil Service Retirement and Disability Fund 
Foreign Service Retirement and Disability Fund 
Adjusted Service Certificate Fund 
Civil Service Retirement and Disability Fund 
Total miscellaneous accounts 
4/ Government Life Insurance Fund series, 1946 
(Total securities held) 
$ 2,145,100 
1,066,200 
221,434 
33,000 
193,200 
1,673,000 
81,000 
1,520,000 
191,300 
14,200 
9,700 
1,710,000,000 
324,900,000 
1,413,200,000 
79,400,000 
767,000 
4,284,000 
550,000,000 
3,925,000 
11,300,000 
200,000 
4,105,125,134
25
Statement of the Debt Position of the United States Government under Limitations Imposed by Section 21 of the Second Liberty Bond Act, as Amended As of September 30, 1940
<table><tr><td colspan="2">General Liabiliton under section 21 (a)</td><td>$45,000,000,000</td></tr><tr><td>Total face amount which may be outstanding at any one time.</td><td></td><td></td></tr><tr><td>Face amount outstanding as of September 30, 1940:</td><td></td><td></td></tr><tr><td>Interest-bearing securities</td><td></td><td></td></tr><tr><td>Bonds</td><td></td><td></td></tr><tr><td>Treasury.....................</td><td>$27,235,489,800</td><td></td></tr><tr><td>Savings (maturity value) 1/.........</td><td>3,921,314,700</td><td></td></tr><tr><td>Adjusted Service.....................</td><td>754,335,275</td><td></td></tr><tr><td>Total bonds.....................</td><td>$31,911,169,775</td><td></td></tr><tr><td>Treasury notes.....................</td><td>9,147,215,400</td><td></td></tr><tr><td>Certificates of indebtedness.....................</td><td>1,800,300,000</td><td></td></tr><tr><td>Treasury bills (maturity value).....................</td><td>1,302,779,000</td><td></td></tr><tr><td>Total interest-bearing securities.....................</td><td>$44,161,464,175</td><td></td></tr><tr><td>Matured obligations on which interest has ceased.....................</td><td>196,823,150</td><td></td></tr><tr><td>Total face amount of securities outstanding.....................</td><td></td><td>$44,358,287,325</td></tr><tr><td>Total amount of authorisation unused as of September 30, 1940.....................</td><td></td><td>$641,712,675</td></tr><tr><td colspan="3">National Defence Limitation under section 21 (b) 2/</td></tr><tr><td>Total face amount which may be outstanding at any one time.....................</td><td></td><td>$4,000,000,000</td></tr><tr><td>Less: Retirements under Sec. 301, Revenue Act of 1940.....................</td><td></td><td>None</td></tr><tr><td>Net face amount which may be outstanding at any one time.....................</td><td></td><td>$4,000,000,000</td></tr><tr><td>Total face amount of securities outstanding as of September 30, 1940.....................</td><td></td><td>None</td></tr><tr><td>Total amount of authorisation unused as of September 30, 1940.....................</td><td></td><td>$4,000,000,000</td></tr></table>
1/ Approximate maturity value; current redemption value. $3,043,626,414.
2/ These securities may consist of notes, certificates of indebtedness, and Treasury bills.
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, As Amended, with the Gross Public Debt of the United States as Shown in the Daily Treasury Statement as of September 30, 1940
<table><tr><td>Gross public debt outstanding</td><td></td><td>$44,072,940,247</td></tr><tr><td>Total face amount of securities outstanding limited by Section 21 of the Second Liberty Bond Act, as amended:</td><td></td><td></td></tr><tr><td>Under limitation imposed by section 21 (a)</td><td>$44,358,287,325</td><td></td></tr><tr><td>Less: Unearned discount on savings bonds (difference between current redemption value and maturity value)</td><td>877,718,286</td><td>$43,480,569,039</td></tr><tr><td>Under limitation imposed by section 21 (b)</td><td></td><td>None $43,480,569,039</td></tr><tr><td>Add: Securities outstanding not subject to limitation under section 21:</td><td></td><td></td></tr><tr><td>Interest-bearing</td><td>$ 196,208,460</td><td></td></tr><tr><td>Matured obligations on which interest has ceased</td><td>14,776,705</td><td></td></tr><tr><td>Debt bearing no interest</td><td>381,386,043</td><td>592,371,208</td></tr><tr><td>Gross public debt outstanding</td><td></td><td>$44,072,940,247</td></tr></table>
26
Amount Outstanding, Computed Annual Interest Charge, and Computed Rate of Interest on the Interest-Bearing Public Debt Outstanding
<table><tr><th>End of fiscal year or month</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed ratio of interest (Percent)</th></tr><tr><td>1933</td><td>$22,157,643,180</td><td>$742,175,959</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>32,755,631,170</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-Sept.</td><td>40,341,909,035</td><td>1,051,817,484</td><td>2.607</td></tr><tr><td>Oct.</td><td>40,526,147,836</td><td>1,054,365,376</td><td>2.602</td></tr><tr><td>Nov.</td><td>40,806,570,235</td><td>1,058,487,906</td><td>2.594</td></tr><tr><td>Dec.</td><td>41,445,461,769</td><td>1,076,615,135</td><td>2.598</td></tr><tr><td>1940-Jan.</td><td>41,601,096,741</td><td>1,084,974,743</td><td>2.608</td></tr><tr><td>Feb.</td><td>41,839,478,210</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><tr><td>Aug.</td><td>43,316,616,931</td><td>1,118,109,481</td><td>2.581</td></tr><tr><td>Sept.</td><td>43,479,954,349</td><td>1,121,989,746</td><td>2.580</td></tr></table>
Source: Monthly Statement of the Public Debt through June 30, 1937; Daily Treasury Statement thereafter.
Back Figures: Monthly data back to June 1916 may be found in the Annual Reports of the Secretary of the Treasury for 1929, p. 509; for 1935, p. 442; and corresponding tables in subsequent reports.
1/ Treasury bills are included in interest-bearing debt figures at face amount, but for the purpose of calculating the computed annual interest charge and the computed rate of interest, the discount value is used.
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>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></tr><tr><td>Monthly 3/</td><td></td><td></td><td></td><td>Weekly (continued) 4/</td><td></td><td></td><td>Daily (continued)</td><td></td><td></td></tr><tr><td>1939-Sept...</td><td>2.65</td><td>3.29</td><td>.64</td><td>1940-July 3</td><td>2.29</td><td>2.85</td><td>.56</td><td>1940-Sept.16</td><td>2.19</td><td>2.73</td><td>.54</td></tr><tr><td>Oct....</td><td>2.60</td><td>3.14</td><td>.54</td><td>10</td><td>2.30</td><td>2.86</td><td>.56</td><td>17</td><td>2.19</td><td>2.72</td><td>.53</td></tr><tr><td>Nov....</td><td>2.46</td><td>2.93</td><td>.47</td><td>17</td><td>2.28</td><td>2.85</td><td>.57</td><td>18</td><td>2.17</td><td>2.70</td><td>.53</td></tr><tr><td>Dec....</td><td>2.35</td><td>2.86</td><td>.51</td><td>24</td><td>2.26 5/</td><td>2.85</td><td>.59 5/</td><td>19</td><td>2.16</td><td>2.70</td><td>.54</td></tr><tr><td>1940-Jan....</td><td>2.30</td><td>2.81</td><td>.51</td><td>31</td><td>2.24</td><td>2.83</td><td>.59</td><td>20</td><td>2.16</td><td>2.70</td><td>.54</td></tr><tr><td>Feb....</td><td>2.32</td><td>2.79</td><td>.47</td><td>Ang. 7</td><td>2.24</td><td>2.81</td><td>.57</td><td>21</td><td>2.16</td><td>2.70</td><td>.54</td></tr><tr><td>Mar....</td><td>2.25</td><td>2.77</td><td>.52</td><td>14</td><td>2.28</td><td>2.82</td><td>.54</td><td>23</td><td>2.15</td><td>2.69</td><td>.54</td></tr><tr><td>Apr....</td><td>2.25</td><td>2.74</td><td>.49</td><td>21</td><td>2.25</td><td>2.80</td><td>.55</td><td>24</td><td>2.15</td><td>2.68</td><td>.53</td></tr><tr><td>May....</td><td>2.38</td><td>2.87</td><td>.49</td><td>28</td><td>2.25</td><td>2.80</td><td>.55</td><td>25</td><td>2.14</td><td>2.69</td><td>.55</td></tr><tr><td>June...</td><td>2.39</td><td>2.93</td><td>.54</td><td>Sept. 4</td><td>2.21</td><td>2.79</td><td>.58</td><td>26</td><td>2.15</td><td>2.69</td><td>.54</td></tr><tr><td>July...</td><td>2.28</td><td>2.85</td><td>.57</td><td>11</td><td>2.19</td><td>2.72</td><td>.53</td><td>27</td><td>2.16</td><td>2.69</td><td>.53</td></tr><tr><td>Aug....</td><td>2.25</td><td>2.80</td><td>.55</td><td>18</td><td>2.17</td><td>2.70</td><td>.53</td><td>28</td><td>2.15</td><td>2.68</td><td>.53</td></tr><tr><td>Sept...</td><td>2.18</td><td>2.71</td><td>.53</td><td>25</td><td>2.14</td><td>2.69</td><td>.55</td><td>30</td><td>2.15</td><td>2.68</td><td>.53</td></tr><tr><td>Weekly 4/</td><td></td><td></td><td></td><td>Oct. 2</td><td>2.14</td><td>2.69</td><td>.55</td><td>Oct. 1</td><td>2.15</td><td>2.69</td><td>.54</td></tr><tr><td>1940-Apr. 3</td><td>2.19</td><td>2.72</td><td>.53</td><td>9</td><td>2.10 5/</td><td>2.71</td><td>.61 5/</td><td>2</td><td>2.14</td><td>2.69</td><td>.55</td></tr><tr><td>10</td><td>2.25</td><td>2.74</td><td>.49</td><td>16</td><td>2.08</td><td>2.70</td><td>.62</td><td>3</td><td>2.14</td><td>2.69</td><td>.55</td></tr><tr><td>17</td><td>2.26</td><td>2.78</td><td>.52</td><td>Daily</td><td></td><td></td><td></td><td>4</td><td>2.14</td><td>2.69</td><td>.55</td></tr><tr><td>24</td><td>2.28</td><td>2.76</td><td>.48</td><td>1940-Sept. 3</td><td>2.20</td><td>2.78</td><td>.58</td><td>5</td><td>2.14</td><td>2.70</td><td>.56</td></tr><tr><td>May 1</td><td>2.25</td><td>2.74</td><td>.49</td><td>4</td><td>2.21</td><td>2.79</td><td>.58</td><td>7</td><td>2.08 5/</td><td>2.70</td><td>.62 5/</td></tr><tr><td>8</td><td>2.26</td><td>2.71</td><td>.45</td><td>5</td><td>2.20</td><td>2.79</td><td>.58</td><td>8</td><td>2.08</td><td>2.69</td><td>.61</td></tr><tr><td>15</td><td>2.44</td><td>2.92</td><td>.48</td><td>6</td><td>2.19</td><td>2.72</td><td>.53</td><td>9</td><td>2.10</td><td>2.71</td><td>.61</td></tr><tr><td>22</td><td>2.46</td><td>2.98</td><td>.52</td><td>7</td><td>2.19</td><td>2.72</td><td>.53</td><td>10</td><td>2.10</td><td>2.72</td><td>.62</td></tr><tr><td>29</td><td>2.47</td><td>2.99</td><td>.52</td><td>9</td><td>2.21</td><td>2.71</td><td>.50</td><td>11</td><td>2.11</td><td>2.71</td><td>.60</td></tr><tr><td>June 5</td><td>2.49</td><td>2.98</td><td>.49</td><td>10</td><td>2.20</td><td>2.72</td><td>.52</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>12</td><td>2.41</td><td>2.98</td><td>.57</td><td>11</td><td>2.19</td><td>2.72</td><td>.52</td><td>14</td><td>2.10</td><td>2.71</td><td>.61</td></tr><tr><td>19</td><td>2.34</td><td>2.91</td><td>.57</td><td>12</td><td>2.20</td><td>2.72</td><td>.52</td><td>15</td><td>2.09</td><td>2.71</td><td>.62</td></tr><tr><td>26</td><td>2.34</td><td>2.88</td><td>.54</td><td>13</td><td>2.20</td><td>2.72</td><td>.52</td><td>16</td><td>2.08</td><td>2.70</td><td>.62</td></tr><tr><td></td><td></td><td></td><td></td><td>14</td><td>2.20</td><td>2.73</td><td>.53</td><td></td><td></td><td></td><td></td></tr></table>
Basis of Computation: Yields are computed on the basis of closing prices on the New York Stock Exchange. On days when an issue does not sell, the mean of bid and ask quotations is used for Treasury bonds, and the price of the last preceding sale is used for corporate bonds. Back Figures: (1) Long-term Treasury bonds: monthly, Annual Report of the Secretary of the Treasury for 1939, p. 486; weekly, Treasury Bulletin, July 1939, p. 20 and July 1940, p. 27; daily, mimeograph statement available from Treasury Department, Division of Research and Statistics. (2) High-grade corporate bonds: monthly and weekly, Treasury Bulletin, July 1939, p. 20 and July 1940, p. 27. 1/ Average of Treasury bonds not due or callable for twelve years or more. 2/ Average of 5 bonds. 3/ Average of daily figures. 4/ Wednesday closing prices. 5/ Reflects change in composition of Treasury bond average.
COMPARATIVE YIELDS OF AVERAGE OF ALL LONG-TERM U.S. TREASURY
Yield Based on Wednesday Quotations
* Break in line indicates change in composition of Long-term Treasury average
27
YIELDS OF TREASURY BONDS AND NOTES OCT. 15, 1940
Based on Closing Prices
Note: For callable bonds, yields are computed to, and issues plotted as of, the earliest call date and as of the final maturity date if the bond is selling below par. The smooth curve Dollar amounts shown in descriptions of issues are in millions. Issues for which an exchange offer has been made and has expired are excluded
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
29
30
Assets and Liabilities of Governmental Corporations and Credit Agencies and Analysis of Proprietary Interest of the United States as of August 31, 1940
(In millions of dollars)
<table><tr><th></th><th>Assets 1/</th><th colspan="3">Liabilities and reserve 1/</th><th>Excess of assets (Total proprietary interest) 1/</th><th>Privately owned</th><th colspan="5">Proprietary interest Owned by United States</th></tr><tr><th></th><th></th><th>Total</th><th>Guaranteed by United States (includes accrued interest)</th><th>Not guaranteed by United States</th><th></th><th></th><th>Total</th><th>Capital stock</th><th>Surplus</th><th>Non-stock</th><th>Interagency interests Special obligations held by the Treasury Other 2/</th></tr><tr><td>Banks for Cooperatives</td><td>181.8</td><td>3.0</td><td>-</td><td>3.0</td><td>178.8</td><td>3.8</td><td>175.0</td><td>149.0</td><td>17.8</td><td>-</td><td>8.2</td></tr><tr><td>Commodity Credit Corporation</td><td>933.2</td><td>832.0</td><td>697.1</td><td>134.9</td><td>101.2</td><td>-</td><td>101.2</td><td>100.0</td><td>1.2</td><td>-</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>22.7</td><td>.1</td><td>-</td><td>.1</td><td>22.6</td><td>-</td><td>22.6</td><td>24.0</td><td>-1.4</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>15.4</td><td>14.3</td><td>-</td><td>14.3</td><td>1.1</td><td>-</td><td>1.1</td><td>.9</td><td>.2</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>80.6</td><td>.3</td><td>-</td><td>.3</td><td>80.3</td><td>-</td><td>80.3</td><td>75.0</td><td>5.3</td><td>-</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>284.1</td><td>192.9</td><td>-</td><td>192.9</td><td>91.2</td><td>-</td><td>91.2</td><td>-</td><td>-</td><td>91.2</td><td>-</td></tr><tr><td>Farm Security Administration</td><td>307.1</td><td>-</td><td>-</td><td>-</td><td>307.1</td><td>-</td><td>307.1</td><td>-</td><td>-</td><td>307.1</td><td>-</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>19.8</td><td>6.4</td><td>-</td><td>6.4</td><td>13.4</td><td>-</td><td>13.4</td><td>14.0</td><td>-</td><td>-</td><td>-6.6</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>535.1</td><td>245.8</td><td>-</td><td>245.8</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,517.6</td><td>1,319.6</td><td>1,281.9</td><td>37.7</td><td>198.0</td><td>-</td><td>138.0</td><td>200.0</td><td>-</td><td>-</td><td>-2.0</td></tr><tr><td>Federal Home Loan Banks</td><td>255.0</td><td>76.6</td><td>-</td><td>76.6</td><td>178.4</td><td>53.7</td><td>124.7</td><td>124.7</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>66.3</td><td>14.5</td><td>8.9</td><td>5.6</td><td>51.8</td><td>-</td><td>51.8</td><td>-</td><td>-</td><td>51.8</td><td>-</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>325.7</td><td>221.2</td><td>-</td><td>221.2</td><td>104.5</td><td>-</td><td>104.5</td><td>60.0</td><td>52.7</td><td>-</td><td>-8.2</td></tr><tr><td>Federal Land Banks</td><td>2,294.2</td><td>1,796.4</td><td>-</td><td>1,796.4</td><td>497.8</td><td>210.7</td><td>287.1</td><td>104.4</td><td>187.9</td><td>-</td><td>-5.2</td></tr><tr><td>Federal National Mortgage Association</td><td>173.4</td><td>88.9</td><td>-</td><td>88.9</td><td>84.5</td><td>-</td><td>84.5</td><td>10.0</td><td>6.0</td><td>-</td><td>68.5</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>8.9</td><td>.2</td><td>-</td><td>.2</td><td>8.7</td><td>-</td><td>8.7</td><td>-</td><td>4.6</td><td>4.1</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>125.8</td><td>1.2</td><td>-</td><td>1.2</td><td>124.6</td><td>-</td><td>124.6</td><td>100.0</td><td>24.6</td><td>-</td><td>-</td></tr><tr><td>Home Owners Loan Corporation</td><td>2,724.8</td><td>2,701.6</td><td>2,641.6</td><td>60.0</td><td>23.2</td><td>-</td><td>23.2</td><td>200.0</td><td>-76.8</td><td>-</td><td>-100.0</td></tr><tr><td>Inland Waterway Corporation</td><td>25.4</td><td>1.0</td><td>-</td><td>1.0</td><td>24.4</td><td>-</td><td>24.4</td><td>12.0</td><td>12.4</td><td>-</td><td>-</td></tr><tr><td>Interior Department (Indian Loans)</td><td>2.9</td><td>-</td><td>-</td><td>-</td><td>2.9</td><td>-</td><td>2.9</td><td>-</td><td>-</td><td>2.9</td><td>-</td></tr><tr><td>Panama Railroad Company</td><td>49.4</td><td>1.4</td><td>-</td><td>1.4</td><td>48.0</td><td>-</td><td>48.0</td><td>7.0</td><td>42.0</td><td>-</td><td>-1.0</td></tr><tr><td>Production Credit Corporation</td><td>123.1</td><td>.4</td><td>-</td><td>.4</td><td>122.7</td><td>-</td><td>122.7</td><td>120.0</td><td>2.7</td><td>-</td><td>-</td></tr><tr><td>Public Works Administration</td><td>94.7</td><td>-</td><td>-</td><td>-</td><td>94.7</td><td>-</td><td>94.7</td><td>-</td><td>-</td><td>94.7</td><td>-</td></tr><tr><td>Puerto Rican Reconstruction Administration</td><td>7.9</td><td>-</td><td>-</td><td>-</td><td>7.9</td><td>-</td><td>7.9</td><td>-</td><td>-</td><td>7.9</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>1,749.9</td><td>1,435.7</td><td>1,098.4</td><td>337.3</td><td>314.2</td><td>-</td><td>314.2</td><td>500.0</td><td>172.3</td><td>-</td><td>-358.1</td></tr><tr><td>Regional Agricultural Credit Corporations</td><td>22.2</td><td>2.1</td><td>-</td><td>2.1</td><td>20.1</td><td>-</td><td>20.1</td><td>5.0</td><td>15.1</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>62.4</td><td>1.4</td><td>-</td><td>1.4</td><td>61.0</td><td>-</td><td>61.0</td><td>25.0</td><td>.5</td><td>-</td><td>35.5</td></tr><tr><td>Rural Electrification Administration</td><td>231.6</td><td>-</td><td>-</td><td>-</td><td>231.6</td><td>-</td><td>231.6</td><td>-</td><td>-</td><td>100.5</td><td>131.1</td></tr><tr><td>Tennessee Valley Authority</td><td>345.3</td><td>14.2</td><td>-</td><td>14.2</td><td>331.1</td><td>-</td><td>331.1</td><td>-</td><td>-</td><td>279.4</td><td>52.3</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>-</td></tr><tr><td>Treasury Department (Miscellaneous securities held)</td><td>59.5</td><td>-</td><td>-</td><td>-</td><td>59.5</td><td>-</td><td>59.5</td><td>-</td><td>-</td><td>59.5</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>276.7</td><td>119.0</td><td>114.3</td><td>4.7</td><td>157.7</td><td>-</td><td>157.7</td><td>1.0</td><td>136.7</td><td>-</td><td>20.0</td></tr><tr><td>United States Maritime Commission</td><td>239.3</td><td>70.8</td><td>-</td><td>70.8</td><td>168.5</td><td>-</td><td>168.5</td><td>-</td><td>-</td><td>173.3</td><td>-4.8</td></tr><tr><td>War Emergency Corporations and Agencies: (In liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Navy Department (Sale of surplus war supplies)</td><td>4.6</td><td>-</td><td>-</td><td>-</td><td>4.6</td><td>-</td><td>4.6</td><td>-</td><td>-</td><td>4.6</td><td>-</td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>.1</td><td>-</td></tr><tr><td>United States Ecueing Corporation</td><td>1.8</td><td>-</td><td>-</td><td>-</td><td>1.8</td><td>-</td><td>1.8</td><td>34.1</td><td>-32.3</td><td>-</td><td>-</td></tr><tr><td>United States Spruce Production Corporation</td><td>.7</td><td>-</td><td>-</td><td>-</td><td>.7</td><td>-</td><td>.7</td><td>.1</td><td>.2</td><td>-</td><td>.4</td></tr><tr><td>Other Corporations 3/</td><td>2.0</td><td>-</td><td>-</td><td>-</td><td>2.0</td><td>-</td><td>2.0</td><td>2.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interagency Items:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from agencies not listed above</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>73.0</td><td>-25.5</td><td>-73.0</td></tr><tr><td>Due to agencies not listed above</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-25.5</td><td></td><td>25.5</td></tr><tr><td>Total</td><td>13,171.3</td><td>9,161.0</td><td>5,842.2</td><td>3,318.8</td><td>4,010.3</td><td>407.5</td><td>3,602.5</td><td>2,018.2</td><td>572.0</td><td>1,224.6</td><td>72.3</td><td>-284.3</td></tr></table>
1 Less than $100,000.
1/ Excludes interagency assets and liabilities (except marketable security issues and deposits with Reconstruction Finance Corporation).
2/ Negative items represent net excess of interagency assets over interagency liabilities.
1/ Comprises Metale Reserve Company and Rubber Reserve Company.
31
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 2 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations or agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation</td><td>-</td><td>$ 87,914,228</td><td>$ -7,000,000</td><td>$ 100,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>-25,000,000</td><td>289,458,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>3,400,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>$ 9,968,453</td><td>4,623,055</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</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>239,375</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>291,644</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>1,744,346</td><td>-</td><td>-</td><td>$ 75,700</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>117,385</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>1,059,675</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>5,162,726</td><td>-</td><td>-</td><td>-</td></tr><tr><td>FMC Mortgage Company</td><td>-</td><td>1,106,274</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Corporations 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total</td><td>$10,260,097</td><td>$104,068,014</td><td>$-32,000,000</td><td>$290,857,050</td><td>$2,075,700</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>$1,522,873</td><td>$53,373,152</td><td>$13,674,378</td><td>$2,742,101</td><td>$152,626,732</td></tr><tr><td>Commodity Credit Corporation.</td><td>6,030,666</td><td>18,609,058</td><td>506,326</td><td>3,235,966</td><td>292,840,016</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>616,952</td><td>320,280</td><td>-</td><td>4,337,232</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>3,857,499</td><td>23,756,741</td><td>794,951</td><td>28,409,191</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>379,077</td><td>941,858</td><td>4,979</td><td>15,917,422</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>7,707,856</td><td>29,327,720</td><td>21,891,808</td><td>3,391,666</td><td>62,319,050</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>464,985</td><td>6</td><td>464,991</td></tr><tr><td>Federal Home Loan Banks.</td><td>-</td><td>16,747,507</td><td>488,983</td><td>-</td><td>17,475,865</td></tr><tr><td>United States Housing Authority.</td><td>-</td><td>42,859,885</td><td>763,003</td><td>-</td><td>43,914,532</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>664,230</td><td>10,287,196</td><td>6,096,422</td><td>7,462</td><td>17,055,310</td></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>3,549,416</td><td>254,370</td><td>1,526,219</td><td>7,150,051</td></tr><tr><td>Disaster Loan Corporation.</td><td>2,733</td><td>289,301</td><td>33,342</td><td>21,065</td><td>463,826</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>1,428,998</td><td>193,829</td><td>7,805</td><td>2,690,307</td></tr><tr><td>Federal National Mortgage Association.</td><td>48,249</td><td>2,078,591</td><td>1,340,809</td><td>-</td><td>8,630,375</td></tr><tr><td>RFC Mortgage Company.</td><td>68,839</td><td>3,484,256</td><td>439,055</td><td>7,609</td><td>5,106,033</td></tr><tr><td>Other Corporations 2/.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total.</td><td>$16,345,446</td><td>$186,888,608</td><td>$71,165,789</td><td>$11,739,829</td><td>$661,400,533</td></tr></table>
Source: Reports received from the corporations and agencies.
1 Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2 Includes Metals Reserve Company and Rubber Reserve Company.
3 Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
32
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 2 Months, Fiscal Year 1941
<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>$1,590,509</td><td>$-150,953 2/</td><td>-</td><td>$61,290,261</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>454,635</td><td>-</td><td>$11,289,617</td><td>166,668,504</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>13,793</td><td>-</td><td>-</td><td>4,795,953</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>614,973</td><td>-</td><td>-</td><td>3,469,836</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>447,924</td><td>-</td><td>-</td><td>10,322,923</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>3,652,884</td><td>4,728,553</td><td>2,375,606</td><td>4,745,244</td><td>$7,152,150</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>45,393</td><td>3,273</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>159,944</td><td>-</td><td>-</td><td>27,752,026</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>825,511</td><td>93,457</td><td>4,045</td><td>66,251,702</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,498,865</td><td>180,959</td><td>529,679</td><td>5,732,378</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>21,525</td><td>-</td><td>-</td><td>8,169,215</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>116,035</td><td>4,330</td><td>-</td><td>343,249</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>81,634</td><td>58,217</td><td>-</td><td>2,354,696</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>250,426</td><td>185,522</td><td>-</td><td>7,640,138</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>198,432</td><td>26,846</td><td>-</td><td>4,207,037</td><td>-</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>-</td><td>628,202</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$9,972,483</td><td>$5,130,204</td><td>$14,827,149</td><td>$373,744,162</td><td>$7,152,150</td></tr><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts and loans to other governmental corporations or agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$2,000,000</td><td>-</td><td>$4,116,558</td><td>-</td><td>$68,846,375</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$111,283,124</td><td>641,012</td><td>-</td><td>290,336,892</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,809,746</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>22,074,000</td><td>-</td><td>-</td><td>$910,967 4/</td><td>27,069,776</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>254,066</td><td>7,573</td><td>11,032,486</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-9,442,225</td><td>-</td><td>9,793,849</td><td>55,860</td><td>23,062,921</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>500,000</td><td>-</td><td>-</td><td>258,569 4/</td><td>807,235</td></tr><tr><td>Federal Home Loan Banks</td><td>550,123</td><td>-</td><td>570,715</td><td>5,457,801</td><td>34,490,609</td></tr><tr><td>United States Housing Authority</td><td>770,000</td><td>-</td><td>787,326</td><td>-</td><td>68,732,041</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>2,455,000</td><td>-</td><td>4,969,962</td><td>506,432</td><td>15,873,275</td></tr><tr><td>Central Bank for Cooperatives</td><td>-19,839,467</td><td>-</td><td>5,934</td><td>271</td><td>-11,042,522</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>212</td><td>463,826</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>12,962</td><td>3,304</td><td>2,510,813</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>452,031</td><td>102,258</td><td>8,630,375</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>673,718</td><td>-</td><td>5,106,033</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>1,371,798</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total</td><td>$-932,569</td><td>$112,654,922</td><td>$22,278,133</td><td>$7,303,247</td><td>$552,129,881</td></tr></table>
1. Reports received from the corporations and agencies. Data on basis of checks issued.
2. Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
3. Excess of credits due to reallocation.
4. Includes Metals Reserve Company and Rubber Reserve Company.
5. Includes expenditures for contributions and subrogated shares or claims in issued financial institutions.
33
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through August 31, 1940
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations or agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation.</td><td>$ 500,000,000</td><td>-</td><td>-</td><td>$1,096,457,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td>270,128,592 2/</td><td>-</td><td>-</td><td>696,252,000</td><td>-</td></tr><tr><td>Export-import Bank of Washington.</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>$ 74,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>150,000,000</td><td>-</td><td>-</td><td>-</td><td>139,299,557</td></tr><tr><td>Rural Electrification Administration.</td><td>118,473,966</td><td>$132,884,539</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>200,000,000 1/</td><td>-</td><td>-</td><td>3,114,453,590 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>48,500,000</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>32,960,214</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>3,140,167</td><td>-</td><td>-</td><td>595,000</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>12,218,210</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>65,150,459</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>RFC Mortgage Company.</td><td>-</td><td>34,090,504</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Other Corporations 5/.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total.</td><td>$1,672,303,772</td><td>$235,265,669</td><td>$20,000,000</td><td>$6,436,665,660</td><td>$351,894,557</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 6/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 20,450,226</td><td>$5,038,777,769</td><td>$ 567,311,424</td><td>$ 69,973,300</td><td>$ 7,292,969,719</td></tr><tr><td>Commodity Credit Corporation</td><td>36,130,612</td><td>683,609,799</td><td>15,891,534</td><td>2,983,894</td><td>1,704,996,431</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>36,475,383</td><td>6,650,651</td><td>707,120</td><td>118,833,154</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>49,854,056</td><td>266,885,289</td><td>4,741,405</td><td>610,780,307</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>2,027,354</td><td>6,634,725</td><td>5,505</td><td>260,026,089</td></tr><tr><td>Home Owners' Loan Corporation</td><td>95,011,198</td><td>806,125,667</td><td>785,425,535</td><td>18,501,644</td><td>5,019,517,594</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>29,625,706</td><td>120,355</td><td>129,745,061</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>490,383,752</td><td>35,491,572</td><td>72,387,456 1/</td><td>771,503,780</td></tr><tr><td>United States Housing Authority</td><td>785,098</td><td>221,029,946</td><td>13,124,702</td><td>177,523</td><td>402,234,483</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>9,831,054</td><td>256,671,861</td><td>375,914,765</td><td>9,185,791</td><td>2,120,991,371</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>193,935,292</td><td>9,966,851</td><td>3,867,525</td><td>261,504,835</td></tr><tr><td>Disaster Loan Corporation</td><td>42,214</td><td>4,576,558</td><td>619,765</td><td>86,071</td><td>29,324,606</td></tr><tr><td>Electric Hose and Farm Authority</td><td>-</td><td>16,474,005</td><td>2,777,517</td><td>248,707</td><td>32,718,439</td></tr><tr><td>Federal National Mortgage Association</td><td>59,938</td><td>17,293,298</td><td>12,087,241</td><td>3,129,235</td><td>193,960,171</td></tr><tr><td>RFC Mortgage Company</td><td>460,360</td><td>100,994,522</td><td>9,955,427</td><td>2,781,512</td><td>173,282,325</td></tr><tr><td>Other Corporations 5/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total</td><td>$162,770,700</td><td>$7,918,229,262</td><td>$2,138,362,704</td><td>$188,897,043</td><td>$19,124,389,367</td></tr></table>
Reports received from the corporations and agencies.
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 N.I.B.A.; $97,000,000 B.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 corporations, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
3/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 24, 1935.
4/ Retirement of those obligations shown as "Retirement of obligations issued in exchange for mortgages" in the statement of uses of funds.
5/ Includes Metals Reserve Company and Rubber Reserve Company.
6/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
7/ Includes $12,571,550 paid-in capital stock held by member institutions.
34
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through August 31, 1940
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 75,672,615</td><td>$ 6,361,435</td><td>-</td><td>$ 6,661,483,278</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>9,317,801</td><td>-</td><td>$ 61,738,462</td><td>1,476,772,404</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>388,409</td><td>2,839</td><td>-</td><td>92,476,455</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>20,571,497</td><td>-</td><td>-</td><td>156,998,013</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>8,725,604</td><td>-</td><td>-</td><td>231,610,211</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>201,483,662</td><td>98,011,345</td><td>126,528,227</td><td>3,248,018,689</td><td>$486,796,800</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,068,693</td><td>20,991</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>8,592,478</td><td>-</td><td>-</td><td>658,785,318</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>10,987,441</td><td>4,368,817</td><td>26,127,309</td><td>321,590,966</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>63,887,553</td><td>3,602,365</td><td>10,713,490</td><td>998,815,709</td><td>-</td></tr><tr><td>Central Bank for Cooperatives</td><td>755,385</td><td>-</td><td>-</td><td>212,500,642</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,326,775</td><td>98,033</td><td>-</td><td>26,366,458</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,524,155</td><td>631,156</td><td>-</td><td>29,613,481</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>1,792,898</td><td>1,575,559</td><td>-</td><td>186,892,179</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>3,761,549</td><td>3,227,775</td><td>-</td><td>161,881,836</td><td>-</td></tr><tr><td>Other Corporations 2/</td><td>-</td><td>-</td><td>628,202</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$410,856,515</td><td>$117,900,315</td><td>$225,735,690</td><td>$14,463,805,639</td><td>$486,796,800</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 3/</th><th>Allocations, redis-counts and loans to other governmental corporations or agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 112,000,000</td><td>$ 99,350,666</td><td>$236,451,192</td><td>$13,534,337</td><td>$ 7,204,853,523</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>122,108,609</td><td>19,972,570</td><td>11,330,912</td><td>1,701,240,758</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>22,750,000</td><td>2,262,329</td><td>543,801</td><td>118,423,833</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>370,611,836</td><td>-</td><td>-</td><td>43,129,685</td><td>591,311,031</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>2,017,738</td><td>371,526</td><td>242,725,079</td></tr><tr><td>Home Owners' Loan Corporation</td><td>297,182,060</td><td>-</td><td>431,696,681</td><td>8,035,374</td><td>4,897,752,838</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>123,369,111</td><td>-</td><td>3,035,326</td><td>1,980,223</td><td>129,474,344</td></tr><tr><td>Federal Home Loan Banks</td><td>55,406,227</td><td>-</td><td>18,413,022</td><td>211,892</td><td>741,408,937</td></tr><tr><td>United States Housing Authority</td><td>4,570,000</td><td>-</td><td>2,510,235</td><td>60,858</td><td>370,215,626</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>764,379,840</td><td>-</td><td>235,785,194</td><td>14,623,219</td><td>2,091,807,370</td></tr><tr><td>Central Bank for Cooperatives</td><td>19,013,993</td><td>-</td><td>478,753</td><td>3,176,666</td><td>235,925,439</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>532,071</td><td>-</td><td>271</td><td>29,323,608</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>218,467</td><td>190,123</td><td>32,177,182</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>3,604,899</td><td>94,636</td><td>193,960,171</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>4,409,025</td><td>989</td><td>173,281,174</td></tr><tr><td>Other Corporations 2/</td><td>-</td><td>1,371,798</td><td>-</td><td>-</td><td>2,000,000</td></tr><tr><td>Total</td><td>$1,746,533,067</td><td>$246,113,144</td><td>$960,855,431</td><td>$97,284,512</td><td>$18,755,881,113</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/2/3/ Includes Metals Reserve Company and Rubber Reserve Company.
Includes U. S. Government bonds in the amount of $358,546,345 as follows: Federal Deposit Insurance Corporation, $297,121,695; Federal Savings and Loan Insurance Corporation, $15,164,500; U. S. Housing Authority, $4,570,000; Central Bank for Cooperatives, $3,750,000; Federal Home Loan Banks, $35,930,150; and Home Owners' Loan Corporation, $2,000,000.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
35
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total unmatured obligations outstanding</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 notes</th></tr><tr><td>1934</td><td>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,604.6</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>5,497.6</td><td>406.8</td><td>1,269.4</td><td>7.5</td><td>2,603.3</td><td>1,096.4</td><td>114.2</td></tr><tr><td>1939-Sept.</td><td>5,356.0</td><td>408.7</td><td>1,279.3</td><td>2.7</td><td>2,731.3</td><td>819.8</td><td>114.2</td></tr><tr><td>Oct.</td><td>5,356.2</td><td>408.7</td><td>1,279.3</td><td>2.9</td><td>2,731.3</td><td>819.8</td><td>114.2</td></tr><tr><td>Nov.</td><td>5,620.7</td><td>406.8</td><td>1,269.4</td><td>3.4</td><td>2,731.2</td><td>1,095.7</td><td>114.2</td></tr><tr><td>Dec.</td><td>5,621.2</td><td>406.8</td><td>1,269.4</td><td>3.5</td><td>2,731.2</td><td>1,096.1</td><td>114.2</td></tr><tr><td>1940-Jan.</td><td>5,620.9</td><td>406.8</td><td>1,269.4</td><td>3.1</td><td>2,731.2</td><td>1,096.2</td><td>114.2</td></tr><tr><td>Feb.</td><td>5,621.3</td><td>406.8</td><td>1,269.4</td><td>3.6</td><td>2,731.2</td><td>1,096.1</td><td>114.2</td></tr><tr><td>Mar.</td><td>5,623.8</td><td>406.8</td><td>1,269.4</td><td>6.1</td><td>2,731.2</td><td>1,096.1</td><td>114.2</td></tr><tr><td>Apr.</td><td>5,624.5</td><td>406.8</td><td>1,269.4</td><td>6.6</td><td>2,731.2</td><td>1,096.3</td><td>114.2</td></tr><tr><td>May.</td><td>5,497.2</td><td>406.8</td><td>1,269.4</td><td>7.2</td><td>2,603.3</td><td>1,096.3</td><td>114.2</td></tr><tr><td>June.</td><td>5,497.6</td><td>406.8</td><td>1,269.4</td><td>7.5</td><td>2,603.3</td><td>1,096.4</td><td>114.2</td></tr><tr><td>July p.</td><td>5,498.6</td><td>406.8</td><td>1,269.4</td><td>8.4</td><td>2,603.4</td><td>1,096.4</td><td>114.2</td></tr><tr><td>Aug. p.</td><td>5,785.4</td><td>696.2</td><td>1,269.4</td><td>8.8</td><td>2,603.4</td><td>1,096.4</td><td>114.2</td></tr><tr><td>Sept. p.</td><td>5,787.2</td><td>696.2</td><td>1,269.4</td><td>9.1</td><td>2,601.8</td><td>1,096.5</td><td>114.2</td></tr></table>
Source: Statement of the Public Debt of the United States and Daily Treasury Statement p 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 subcriptions lendered</th><th>For cash</th><th colspan="3">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">In exchange for</th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th colspan="2"></th><th></th><th></th><th>Amount of exchangee</th><th>Date of issue</th><th>Rate per cent</th><th>Call or maturity date</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></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 1/2 (Add. 5/15/34) 2/1</td><td>3</td><td>10-15 years</td><td>May 15. 1944 May 15. 1949</td><td>100</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 1/2</td><td>1-1/2</td><td>4 years</td><td>Sept. 1. 1939</td><td>85</td><td>-</td><td>86</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.....</td><td>Aug. 15. 1934 1/2</td><td>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></tr><tr><td></td><td>Aug. 15. 1934 1/2</td><td>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></tr><tr><td></td><td>Aug. 15. 1934 1/2</td><td>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></tr><tr><td></td><td>June 1. 1935</td><td>1-1/2</td><td>4 years</td><td>June 1. 1939</td><td>325 3/4</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</td><td>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</td><td>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</td><td>1-1/2</td><td>6-8 years</td><td>June 1. 1947</td><td>764 4/4</td><td>-</td><td>-</td><td>77</td><td>687</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 5/4</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>-</td><td>310</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>
1/ Sold on a bid basis.
2/ Original issues sold by agency.
3/ Original issue of $245,254,750 increased by sales on the market of $30,000,000, proceeds of which were used to retire the called bonds.
4/ Original issue of $687,266,800 increased by sales on the market of $76,350,000, proceeds of which were used to retire the called bonds.
5/ In view of the fact that the new 7/8% notes offered for sale were limited to the amount of 1-1/2% notes maturing December 15, 1938, tendered for purchase, this transaction was in effect an exchange offering and to so shown to this statement.
36
Maturity Schedule of Securities Guaranteed by the United States 1/ As of September 30, 1940
(Amount in millions of dollars) 2/
<table><tr><th colspan="4">Classified by year in which issues are first callable 1/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security 1/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security 1/</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<br>5/8% HOLC Bonds L - 5/15 41......<br>7/8% RFC Notes M - 7/20 41......<br>5/8% CCC Notes D - 8/1 41......<br>7/8% RFC Notes P - 11/1 41......<br>1% CCC Notes E - 11/15 41......</td><td>191<br>211<br>203<br>299<br>204</td><td>-</td><td>1,108</td><td>1941<br>5/8% HOLC Bonds L - 5/15 41......<br>7/8% RFC Notes M - 7/20 41......<br>5/8% CCC Notes D - 5/1 41......<br>7/8% RFC Notes P - 11/1 41......<br>1% CCC Notes E - 11/15 41......</td><td>191<br>211<br>203<br>299<br>204</td><td>-</td><td>1,108</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<br>7/8% RFC Notes B - 1/15 42......<br>3% FMC Bonds - 1/15 42-47......<br>2-3/4% FMC Bonds - 3/1 42-47......<br>1% RFC Notes S - 7/1 42......<br>2-1/4% HOLC Bonds G - 7/1 42-44......</td><td>310<br>236<br>103<br>276</td><td>877</td><td>2,910</td><td>1942<br>7/8% RFC Notes B - 1/15 42......<br>1% RFC Notes S - 7/1 42......</td><td>310<br>276</td><td>586</td><td>1,694</td></tr><tr><td>Total</td><td>586</td><td>1,216</td><td>2,910</td><td>Total</td><td>-</td><td>1,694</td></tr><tr><td>1943<br>3/4% CCC Notes F - 5/1 43......</td><td>289</td><td>-</td><td>3,199</td><td>1943<br>3/4% CCC Notes F - 5/1 43......</td><td>289</td><td>-</td><td>1,983</td></tr><tr><td>Total</td><td>289</td><td>-</td><td>3,199</td><td>Total</td><td>289</td><td>-</td><td>1,983</td></tr><tr><td>1944<br>1-3/8% USHA Notes B - 2/1 44......<br>1-3/4% FMC Bonds - 3/15 44-64......<br>3% HOLC Bonds A - 5/1 44-52......<br>3% FMC Bonds - 5/15 44-49......</td><td>114<br>95<br>779<br>835</td><td>1,709</td><td>5,022</td><td>1944<br>1-3/8% USHA Notes B - 2/1 44......<br>2-1/4% HOLC Bonds G - 7/1 42-44......</td><td>114<br>877</td><td>877</td><td>2,974</td></tr><tr><td>Total</td><td>114</td><td>1,709</td><td>5,022</td><td>Total</td><td>114</td><td>877</td><td>2,974</td></tr><tr><td>1945<br>1-1/2% HOLC Bonds M - 6/1 45-47......</td><td>-</td><td>755</td><td>5,777</td><td>1945</td><td>-</td><td>-</td><td>2,974</td></tr><tr><td>Total</td><td>-</td><td>755</td><td>5,777</td><td>1946</td><td>-</td><td>-</td><td>2,974</td></tr><tr><td>1946</td><td>-</td><td>-</td><td>5,777</td><td>1947<br>3% FMC Bonds - 1/15 42-47......<br>2-3/4% FMC Bonds - 3/1 42-47......<br>1-1/2% HOLC Bonds M - 6/1 45-47......</td><td>236<br>103<br>755</td><td>1,094</td><td>4,068</td></tr><tr><td>1947</td><td>-</td><td>-</td><td>5,777</td><td>Total</td><td>-</td><td>1,094</td><td>4,068</td></tr><tr><td>1948</td><td>-</td><td>-</td><td>5,777</td><td>1948</td><td>-</td><td>-</td><td>4,068</td></tr><tr><td>1949<br>3% FMC Bonds - 5/15 44-49......</td><td>-</td><td>-</td><td>5,777</td><td>1949</td><td>835</td><td>-</td><td>4,903</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>5,777</td><td>Total</td><td>835</td><td>-</td><td>4,903</td></tr><tr><td>1950-51</td><td>-</td><td>-</td><td>5,777</td><td>1950-51</td><td>-</td><td>-</td><td>4,903</td></tr><tr><td>1952<br>3% HOLC Bonds A - 5/1 44-52......</td><td>-</td><td>-</td><td>5,777</td><td>1952</td><td>779</td><td>-</td><td>5,682</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>5,777</td><td>Total</td><td>779</td><td>-</td><td>5,682</td></tr><tr><td>1953-63</td><td>-</td><td>-</td><td>5,777</td><td>1953-63</td><td>-</td><td>-</td><td>5,682</td></tr><tr><td>1964<br>3-1/4% FMC Bonds - 3/15 44-64......</td><td>-</td><td>-</td><td>5,777</td><td>1964</td><td>95</td><td>-</td><td>5,777</td></tr><tr><td>Total</td><td>-</td><td>-</td><td>5,777</td><td>Total</td><td>95</td><td>-</td><td>5,777</td></tr></table>
1/ Excludes (1) FHA debentures; (2) securities issued on the credit of the United States.
2/ Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures.
3/ Fixed-maturity issues are classified by year in which due.
4/ 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.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
-37-
38
Net Capital Movement between the United States and Foreign Countries
1935 through July 1940
(In thousands of dollars)
<table><tr><th></th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Swit-zerland</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>1,412,486</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,983</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>89,296</td><td>46,527</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>801,915</td><td>164,382</td><td>-17,836</td><td>40,766</td><td>-23,478</td><td>82,216</td><td>271,914</td><td>83,763</td><td>601,727</td><td>-44,213</td><td>209,367</td><td>40,541</td><td>-5,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>368,902</td><td>192,335</td><td>57,812</td><td>16,825</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,581</td><td>388,655</td><td>50,901</td><td>-21,075</td><td>-67,743</td><td>18,164</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>1,101,865</td><td>-84,802</td><td>123,209</td><td>25,193</td><td>25,031</td><td>145,672</td><td>218,960</td><td>289,125</td><td>748,388</td><td>72,260</td><td>93,881</td><td>134,042</td><td>53,294</td></tr><tr><td>Jan. 3, 1940-July 31, 1940...</td><td>590,816</td><td>-138,861</td><td>206,971</td><td>9,999</td><td>6,421</td><td>-16,176</td><td>111,038</td><td>146,102</td><td>325,494</td><td>95,126</td><td>98,262</td><td>76,987</td><td>-5,053</td></tr><tr><td>Total</td><td>5,471,906</td><td>962,390</td><td>675,692</td><td>175,909</td><td>64,454</td><td>454,091</td><td>883,991</td><td>899,049</td><td>4,115,576</td><td>324,538</td><td>581,046</td><td>367,847</td><td>82,299</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-July 10...</td><td>26,122</td><td>-14,616</td><td>-3,992</td><td>144</td><td>-130</td><td>231</td><td>2,771</td><td>691</td><td>-15,001</td><td>19,879</td><td>1,932</td><td>12,659</td><td>6,653</td></tr><tr><td>July 17...</td><td>42,342</td><td>-9,349</td><td>-2,520</td><td>1,999</td><td>-389</td><td>-2,246</td><td>3,564</td><td>-981</td><td>-9,922</td><td>30,639</td><td>12,790</td><td>8,069</td><td>766</td></tr><tr><td>July 24...</td><td>1,995</td><td>-7,692</td><td>-195</td><td>1,397</td><td>-543</td><td>-626</td><td>1,492</td><td>5,811</td><td>-356</td><td>1,447</td><td>-4,786</td><td>6,312</td><td>-621</td></tr><tr><td>July 31...</td><td>24,098</td><td>-19,038</td><td>1,010</td><td>1,086</td><td>-826</td><td>-2,884</td><td>-621</td><td>8,217</td><td>-13,056</td><td>42,383</td><td>-7,473</td><td>2,446</td><td>-202</td></tr><tr><td>Total</td><td>94,557</td><td>-50,695</td><td>-5,697</td><td>4,526</td><td>-1,888</td><td>-5,525</td><td>7,206</td><td>13,738</td><td>-38,335</td><td>94,348</td><td>2,463</td><td>29,485</td><td>6,596</td></tr><tr><td><b>MOVEMENT IN SHORT-TERM BANKING FUNDS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>964,629</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>397,342</td><td>4,166</td><td>28,599</td><td>33,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,252</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>255,594</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,083</td><td>-11,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>293,215</td><td>174,438</td><td>47,232</td><td>15,796</td><td>4,356</td><td>5,661</td><td>-84,633</td><td>99,761</td><td>262,611</td><td>111,078</td><td>-17,201</td><td>-77,158</td><td>13,885</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>1,061,443</td><td>57,159</td><td>105,637</td><td>27,147</td><td>17,457</td><td>126,308</td><td>159,219</td><td>262,405</td><td>755,332</td><td>65,382</td><td>66,996</td><td>127,202</td><td>46,531</td></tr><tr><td>Jan. 3, 1940-July 31, 1940...</td><td>528,596</td><td>-93,522</td><td>209,513</td><td>10,876</td><td>-10,637</td><td>-22,697</td><td>75,573</td><td>132,495</td><td>301,601</td><td>87,722</td><td>81,830</td><td>61,387</td><td>-3,944</td></tr><tr><td>Total</td><td>3,500,819</td><td>534,777</td><td>539,429</td><td>168,543</td><td>24,545</td><td>181,146</td><td>441,122</td><td>630,954</td><td>2,520,516</td><td>318,740</td><td>349,529</td><td>256,263</td><td>55,771</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-July 10...</td><td>27,901</td><td>-13,968</td><td>-4,217</td><td>61</td><td>-529</td><td>274</td><td>3,701</td><td>568</td><td>-14,110</td><td>21,766</td><td>1,138</td><td>12,381</td><td>6,726</td></tr><tr><td>July 17...</td><td>45,090</td><td>-9,104</td><td>-2,439</td><td>1,992</td><td>585</td><td>-2,474</td><td>4,383</td><td>-856</td><td>-7,913</td><td>31,276</td><td>12,389</td><td>8,554</td><td>784</td></tr><tr><td>July 24...</td><td>454</td><td>-9,503</td><td>-252</td><td>1,379</td><td>39</td><td>1444</td><td>1,252</td><td>5,708</td><td>-1,821</td><td>1,316</td><td>-5,507</td><td>6,280</td><td>-722</td></tr><tr><td>July 31...</td><td>27,578</td><td>-18,517</td><td>1,037</td><td>1,121</td><td>1440</td><td>-3,007</td><td>131</td><td>7,977</td><td>-10,818</td><td>44,321</td><td>-7,944</td><td>2,140</td><td>-121</td></tr><tr><td>Total</td><td>100,115</td><td>-51,092</td><td>-5,871</td><td>4,553</td><td>535</td><td>-5,651</td><td>9,467</td><td>13,397</td><td>-34,662</td><td>98,679</td><td>76</td><td>29,355</td><td>6,667</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>862</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>34</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>32,990</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-July 31, 1940...</td><td>19,380</td><td>-2,700</td><td>-1,622</td><td>11</td><td>-41</td><td>2,211</td><td>186</td><td>3,324</td><td>1,369</td><td>2,469</td><td>7,187</td><td>9,622</td><td>-1,267</td></tr><tr><td>Total</td><td>99,941</td><td>16,666</td><td>18,478</td><td>-110</td><td>93</td><td>11,525</td><td>17,950</td><td>8,341</td><td>72,943</td><td>11,126</td><td>8,797</td><td>6,270</td><td>805</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-July 10...</td><td>597</td><td>-197</td><td>190</td><td>-30</td><td>-5</td><td>12</td><td>102</td><td>191</td><td>263</td><td>-357</td><td>583</td><td>179</td><td>-71</td></tr><tr><td>July 17...</td><td>453</td><td>-1</td><td>-152</td><td>-3</td><td>11</td><td>202</td><td>-394</td><td>-59</td><td>-396</td><td>114</td><td>-20</td><td>-147</td><td>-4</td></tr><tr><td>July 24...</td><td>1,094</td><td>187</td><td>16</td><td>7</td><td>-</td><td>-196</td><td>474</td><td>68</td><td>556</td><td>-265</td><td>575</td><td>46</td><td>182</td></tr><tr><td>July 31...</td><td>-194</td><td>85</td><td>-57</td><td>-41</td><td>9</td><td>92</td><td>-240</td><td>1</td><td>-151</td><td>-327</td><td>106</td><td>223</td><td>-45</td></tr><tr><td>Total</td><td>1,044</td><td>74</td><td>-3</td><td>-67</td><td>15</td><td>110</td><td>-58</td><td>201</td><td>272</td><td>-835</td><td>1,244</td><td>301</td><td>62</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>531,719</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>244,626</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>48,895</td><td>23,869</td><td>6,168</td><td>-5,262</td><td>-568</td><td>-900</td><td>26,487</td><td>856</td><td>50,650</td><td>-9,845</td><td>5,204</td><td>1,696</td><td>1,190</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>-108,257</td><td>-144,530</td><td>85</td><td>-5,532</td><td>500</td><td>14,805</td><td>42,919</td><td>3,843</td><td>-87,910</td><td>-30,423</td><td>6,680</td><td>136</td><td>3,260</td></tr><tr><td>Jan. 3, 1940-July 31, 1940...</td><td>-20,385</td><td>-48,545</td><td>-1,734</td><td>-516</td><td>16,696</td><td>2,660</td><td>31,633</td><td>4,359</td><td>4,553</td><td>-21,620</td><td>-2,441</td><td>315</td><td>-1,192</td></tr><tr><td>Total</td><td>1,082,232</td><td>279,513</td><td>74,845</td><td>-28,730</td><td>11,768</td><td>230,407</td><td>376,300</td><td>64,805</td><td>1,008,908</td><td>-24,244</td><td>27,674</td><td>56,824</td><td>13,070</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-July 10...</td><td>-3,214</td><td>-383</td><td>32</td><td>-3</td><td>387</td><td>-55</td><td>-967</td><td>-24</td><td>-1,013</td><td>-2,033</td><td>-94</td><td>-66</td><td>-8</td></tr><tr><td>July 17...</td><td>-4,019</td><td>-84</td><td>65</td><td>-1,009</td><td>27</td><td>-335</td><td>-83</td><td>-1,420</td><td>-1,889</td><td>-120</td><td>-568</td><td>-22</td></tr><tr><td>July 24...</td><td>1,016</td><td>1,693</td><td>15</td><td>-1</td><td>-590</td><td>14</td><td>-196</td><td>28</td><td>963</td><td>420</td><td>-93</td><td>-186</td><td>-88</td></tr><tr><td>July 31...</td><td>-3,565</td><td>-496</td><td>18</td><td>-2</td><td>-1,298</td><td>31</td><td>-531</td><td>56</td><td>-2,222</td><td>-1,321</td><td>117</td><td>-101</td><td>-38</td></tr><tr><td>Total</td><td>-9,782</td><td>730</td><td>130</td><td>-6</td><td>-2,510</td><td>17</td><td>-2,030</td><td>-23</td><td>-3,692</td><td>-4,823</td><td>-190</td><td>-921</td><td>-156</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN FOREIGN SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>125,158</td><td>67,757</td><td>6,818</td><td>13,275</td><td>2,949</td><td>7,408</td><td>-1,191</td><td>46,129</td><td>143,145</td><td>-39,715</td><td>12,700</td><td>7,914</td><td>1,114</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>191,076</td><td>48,304</td><td>11,368</td><td>9,247</td><td>6,46
1/ Negative figures indicate net capital outflow from the United States
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
39
40
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for July 1940
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN ASSETS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>466,833</td><td>31,183</td><td>6,177</td><td>3,305</td><td>664</td><td>1,493</td><td>47,598</td><td>13,054</td><td>2,488</td><td>1,402</td><td>3,224</td><td>3,522</td><td>30,549</td><td>144,659</td><td>33,230</td><td>31,408</td></tr><tr><td>July 17.</td><td>459,691</td><td>31,136</td><td>5,643</td><td>3,145</td><td>585</td><td>1,505</td><td>47,466</td><td>12,416</td><td>2,345</td><td>1,370</td><td>2,969</td><td>3,288</td><td>30,748</td><td>142,616</td><td>31,924</td><td>31,924</td></tr><tr><td>July 24.</td><td>460,389</td><td>29,525</td><td>4,592</td><td>3,090</td><td>483</td><td>1,646</td><td>47,010</td><td>11,310</td><td>2,058</td><td>1,328</td><td>2,879</td><td>2,943</td><td>29,897</td><td>136,761</td><td>31,924</td><td>31,345</td></tr><tr><td>July 31.</td><td>444,945</td><td>28,239</td><td>4,529</td><td>2,898</td><td>360</td><td>1,639</td><td>46,623</td><td>9,642</td><td>1,862</td><td>1,343</td><td>2,817</td><td>2,498</td><td>27,519</td><td>129,969</td><td>31,345</td><td></td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>49,650</td><td>15,782</td><td>305</td><td>84</td><td>30</td><td>16</td><td>488</td><td>749</td><td>631</td><td>336</td><td>632</td><td>233</td><td>1,371</td><td>20,637</td><td>4,270</td><td>4,041</td></tr><tr><td>July 17.</td><td>50,953</td><td>17,354</td><td>363</td><td>78</td><td>26</td><td>16</td><td>474</td><td>720</td><td>691</td><td>272</td><td>599</td><td>320</td><td>1,252</td><td>22,165</td><td>4,041</td><td>3,993</td></tr><tr><td>July 24.</td><td>49,169</td><td>16,027</td><td>346</td><td>94</td><td>27</td><td>14</td><td>449</td><td>735</td><td>526</td><td>258</td><td>553</td><td>207</td><td>1,230</td><td>20,466</td><td>3,859</td><td>3,859</td></tr><tr><td>July 31.</td><td>47,852</td><td>14,257</td><td>416</td><td>82</td><td>32</td><td>10</td><td>480</td><td>736</td><td>492</td><td>327</td><td>598</td><td>199</td><td>1,438</td><td>19,067</td><td>3,859</td><td></td></tr><tr><td><b>Bank's own deposits abroad:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>13,961</td><td>9,213</td><td>55</td><td>40</td><td>12</td><td>1</td><td>67</td><td>196</td><td>150</td><td>55</td><td>12</td><td>124</td><td>74</td><td>9,999</td><td>2,402</td><td>2,266</td></tr><tr><td>July 17.</td><td>15,785</td><td>11,098</td><td>54</td><td>58</td><td>10</td><td>1</td><td>62</td><td>187</td><td>212</td><td>54</td><td>21</td><td>215</td><td>65</td><td>12,037</td><td>2,266</td><td>2,227</td></tr><tr><td>July 24.</td><td>13,665</td><td>9,169</td><td>48</td><td>57</td><td>11</td><td>1</td><td>36</td><td>205</td><td>251</td><td>55</td><td>20</td><td>83</td><td>49</td><td>9,985</td><td>2,142</td><td>2,142</td></tr><tr><td>July 31.</td><td>12,242</td><td>7,654</td><td>109</td><td>56</td><td>11</td><td>2</td><td>67</td><td>207</td><td>213</td><td>55</td><td>36</td><td>80</td><td>122</td><td>8,612</td><td>2,142</td><td></td></tr><tr><td><b>Deposits abroad for account of domestic clients:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>25,622</td><td>2,653</td><td>65</td><td>8</td><td>3</td><td>-</td><td>383</td><td>468</td><td>61</td><td>132</td><td>9</td><td>4</td><td>452</td><td>4,238</td><td>1,127</td><td>1,103</td></tr><tr><td>July 17.</td><td>25,594</td><td>2,644</td><td>127</td><td>8</td><td>3</td><td>-</td><td>382</td><td>443</td><td>61</td><td>133</td><td>9</td><td>4</td><td>451</td><td>4,265</td><td>1,169</td><td>1,138</td></tr><tr><td>July 24.</td><td>25,813</td><td>2,772</td><td>126</td><td>24</td><td>3</td><td>-</td><td>382</td><td>444</td><td>60</td><td>135</td><td>10</td><td>19</td><td>447</td><td>4,422</td><td>1,169</td><td>1,138</td></tr><tr><td>July 31.</td><td>25,700</td><td>2,660</td><td>130</td><td>10</td><td>3</td><td>-</td><td>381</td><td>440</td><td>64</td><td>133</td><td>9</td><td>14</td><td>484</td><td>4,328</td><td>1,138</td><td></td></tr><tr><td><b>Other assets payable in foreign currencies:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>10,067</td><td>3,916</td><td>185</td><td>16</td><td>15</td><td>15</td><td>38</td><td>85</td><td>420</td><td>149</td><td>611</td><td>105</td><td>845</td><td>6,400</td><td>741</td><td>672</td></tr><tr><td>July 17.</td><td>9,584</td><td>3,612</td><td>182</td><td>12</td><td>13</td><td>15</td><td>30</td><td>90</td><td>418</td><td>85</td><td>569</td><td>101</td><td>736</td><td>5,863</td><td>597</td><td>589</td></tr><tr><td>July 24.</td><td>9,691</td><td>4,086</td><td>172</td><td>13</td><td>13</td><td>13</td><td>31</td><td>86</td><td>215</td><td>68</td><td>523</td><td>105</td><td>734</td><td>6,059</td><td>597</td><td></td></tr><tr><td>July 31.</td><td>9,910</td><td>3,943</td><td>177</td><td>16</td><td>18</td><td>8</td><td>32</td><td>89</td><td>215</td><td>139</td><td>553</td><td>105</td><td>832</td><td>6,127</td><td>589</td><td></td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>417,183</td><td>15,401</td><td>5,872</td><td>3,241</td><td>634</td><td>1,477</td><td>47,110</td><td>12,305</td><td>1,857</td><td>1,066</td><td>2,592</td><td>3,289</td><td>29,178</td><td>124,022</td><td>28,940</td><td>27,367</td></tr><tr><td>July 17.</td><td>408,728</td><td>13,782</td><td>5,280</td><td>3,067</td><td>559</td><td>1,489</td><td>46,992</td><td>11,696</td><td>1,654</td><td>1,098</td><td>2,370</td><td>2,968</td><td>29,496</td><td>120,451</td><td>27,367</td><td>27,931</td></tr><tr><td>July 24.</td><td>411,220</td><td>13,498</td><td>4,246</td><td>2,996</td><td>456</td><td>1,632</td><td>46,561</td><td>10,575</td><td>1,532</td><td>1,070</td><td>2,326</td><td>2,736</td><td>28,667</td><td>116,295</td><td>27,931</td><td>27,476</td></tr><tr><td>July 31.</td><td>397,093</td><td>13,982</td><td>4,113</td><td>2,816</td><td>328</td><td>1,629</td><td>46,143</td><td>8,906</td><td>1,370</td><td>1,016</td><td>2,219</td><td>2,299</td><td>26,081</td><td>110,902</td><td>27,476</td><td></td></tr><tr><td><b>Loans to foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>158,345</td><td>7,834</td><td>2,091</td><td>777</td><td>35</td><td>-</td><td>17,491</td><td>1,246</td><td>155</td><td>68</td><td>1,465</td><td>333</td><td>10,329</td><td>41,824</td><td>6,994</td><td>6,090</td></tr><tr><td>July 17.</td><td>152,026</td><td>6,813</td><td>1,622</td><td>835</td><td>23</td><td>14</td><td>17,606</td><td>1,653</td><td>169</td><td>135</td><td>1,492</td><td>213</td><td>10,547</td><td>41,122</td><td>6,090</td><td>7,004</td></tr><tr><td>July 24.</td><td>157,754</td><td>6,968</td><td>1,338</td><td>864</td><td>1</td><td>14</td><td>16,090</td><td>1,201</td><td>147</td><td>137</td><td>1,492</td><td>241</td><td>10,490</td><td>38,983</td><td>7,004</td><td>6,201</td></tr><tr><td>July 31.</td><td>144,365</td><td>6,946</td><td>1,333</td><td>697</td><td>1</td><td>14</td><td>14,889</td><td>596</td><td>146</td><td>73</td><td>1,463</td><td>174</td><td>10,144</td><td>36,476</td><td>6,201</td><td></td></tr><tr><td><b>Acceptances made for foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>70,080</td><td>2,330</td><td>1,413</td><td>784</td><td>278</td><td>12</td><td>17,224</td><td>9,776</td><td>798</td><td>103</td><td>444</td><td>1,964</td><td>1,293</td><td>36,419</td><td>4,495</td><td>4,916</td></tr><tr><td>July 17.</td><td>69,545</td><td>2,160</td><td>1,346</td><td>602</td><td>224</td><td>12</td><td>16,815</td><td>8,893</td><td>673</td><td>71</td><td>222</td><td>1,771</td><td>1,278</td><td>34,067</td><td>4,916</td><td>4,756</td></tr><tr><td>July 24.</td><td>67,648</td><td>1,813</td><td>813</td><td>480</td><td>144</td><td>12</td><td>18,383</td><td>8,134</td><td>611</td><td>66</td><td>157</td><td>1,496</td><td>1,278</td><td>33,387</td><td>4,756</td><td>4,906</td></tr><tr><td>July 31.</td><td>66,608</td><td>1,836</td><td>664</td><td>471</td><td>17</td><td>-</td><td>19,274</td><td>7,088</td><td>422</td><td>60</td><td>91</td><td>1,164</td><td>1,313</td><td>32,400</td><td>4,906</td><td></td></tr><tr><td><b>Other assets payable in dollars:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>188,758</td><td>5,237</td><td>2,368</td><td>1,680</td><td>321</td><td>1,465</td><td>12,395</td><td>1,283</td><td>904</td><td>895</td><td>683</td><td>992</td><td>17,556</td><td>45,779</td><td>17,451</td><td>16,361</td></tr><tr><td>July 17.</td><td>187,157</td><td>4,809</td><td>2,312</td><td>1,630</td><td>312</td><td>1,463</td><td>12,571</td><td>1,150</td><td>812</td><td>892</td><td>656</td><td>984</td><td>17,671</td><td>45,262</td><td>16,361</td><td>16,171</td></tr><tr><td>July 24.</td><td>185,813</td><td>4,717</td><td>2,095</td><td>1,652</td><td>311</td><td>1,606</td><td>12,088</td><td>1,240</td><td>774</td><td>857</td><td>677</td><td>999</td><td>16,899</td><td>43,925</td><td>16,171</td><td>16,369</td></tr><tr><td>July 31.</td><td>186,120</td><td>5,200</td><td>2,116</td><td>1,648</td><td>310</td><td>1,615</td><td>11,980</td><td>1,222</td><td>802</td><td>883</td><td>665</td><td>961</td><td>14,624</td><td>42,026</td><td>16,369</td><td></td></tr></table>
(Continued on following page)
41
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for July 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>Bangkok</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>Other</th></tr><tr><td>TOTAL SHORT-TERM POSITION ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>16,195</td><td>32,920</td><td>9,683</td><td>10,643</td><td>4,813</td><td>1,363</td><td>40,664</td><td>116,281</td><td>30,327</td><td>1,398</td><td>87,292</td><td>33,216</td><td>12,854</td><td>165,087</td><td>7,596</td></tr><tr><td>July 17</td><td>16,411</td><td>32,098</td><td>9,651</td><td>11,417</td><td>4,750</td><td>1,302</td><td>40,106</td><td>115,715</td><td>30,269</td><td>1,551</td><td>84,606</td><td>32,813</td><td>13,261</td><td>162,500</td><td>7,432</td></tr><tr><td>July 24</td><td>17,218</td><td>33,492</td><td>9,727</td><td>10,787</td><td>4,737</td><td>1,403</td><td>40,560</td><td>117,924</td><td>29,963</td><td>1,480</td><td>87,817</td><td>33,284</td><td>13,572</td><td>166,116</td><td>7,604</td></tr><tr><td>July 31</td><td>16,424</td><td>32,785</td><td>10,268</td><td>9,943</td><td>4,703</td><td>1,509</td><td>40,668</td><td>116,300</td><td>30,471</td><td>2,667</td><td>78,570</td><td>33,605</td><td>14,523</td><td>159,836</td><td>7,435</td></tr><tr><td>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>1,237</td><td>77</td><td>3</td><td>66</td><td>262</td><td>62</td><td>343</td><td>2,050</td><td>19,286</td><td>741</td><td>383</td><td>79</td><td>1,236</td><td>21,725</td><td>968</td></tr><tr><td>July 17</td><td>1,300</td><td>83</td><td>3</td><td>69</td><td>256</td><td>69</td><td>382</td><td>2,162</td><td>19,214</td><td>701</td><td>470</td><td>87</td><td>1,281</td><td>21,753</td><td>842</td></tr><tr><td>July 24</td><td>1,305</td><td>87</td><td>3</td><td>74</td><td>263</td><td>60</td><td>349</td><td>2,141</td><td>19,215</td><td>694</td><td>433</td><td>90</td><td>1,198</td><td>21,630</td><td>939</td></tr><tr><td>July 31</td><td>1,309</td><td>79</td><td>3</td><td>78</td><td>272</td><td>62</td><td>420</td><td>2,223</td><td>19,255</td><td>741</td><td>501</td><td>95</td><td>1,135</td><td>21,727</td><td>966</td></tr><tr><td>Banks own deposits abroad:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>60</td><td>3</td><td>1</td><td>47</td><td>70</td><td>15</td><td>3</td><td>199</td><td>140</td><td>155</td><td>179</td><td>62</td><td>503</td><td>1,339</td><td>22</td></tr><tr><td>July 17</td><td>82</td><td>3</td><td>1</td><td>50</td><td>70</td><td>15</td><td>4</td><td>225</td><td>64</td><td>416</td><td>165</td><td>63</td><td>538</td><td>1,246</td><td>11</td></tr><tr><td>July 24</td><td>34</td><td>3</td><td>1</td><td>51</td><td>76</td><td>15</td><td>4</td><td>184</td><td>69</td><td>407</td><td>195</td><td>66</td><td>525</td><td>1,262</td><td>7</td></tr><tr><td>July 31</td><td>38</td><td>5</td><td>1</td><td>54</td><td>81</td><td>15</td><td>12</td><td>206</td><td>84</td><td>470</td><td>195</td><td>69</td><td>459</td><td>1,277</td><td>5</td></tr><tr><td>Deposits abroad for account of domestic clients:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>597</td><td>21</td><td>2</td><td>-</td><td>6</td><td>-</td><td>105</td><td>731</td><td>19,131</td><td>242</td><td>34</td><td>-</td><td>70</td><td>19,477</td><td>49</td></tr><tr><td>July 17</td><td>531</td><td>14</td><td>2</td><td>-</td><td>4</td><td>-</td><td>162</td><td>713</td><td>19,130</td><td>236</td><td>39</td><td>-</td><td>59</td><td>19,464</td><td>49</td></tr><tr><td>July 24</td><td>583</td><td>15</td><td>2</td><td>-</td><td>4</td><td>-</td><td>111</td><td>715</td><td>19,131</td><td>234</td><td>20</td><td>-</td><td>58</td><td>19,443</td><td>64</td></tr><tr><td>July 31</td><td>581</td><td>12</td><td>2</td><td>-</td><td>4</td><td>-</td><td>107</td><td>706</td><td>19,156</td><td>225</td><td>24</td><td>-</td><td>63</td><td>19,468</td><td>60</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>580</td><td>53</td><td>-</td><td>19</td><td>166</td><td>47</td><td>235</td><td>1,120</td><td>15</td><td>44</td><td>170</td><td>17</td><td>65</td><td>903</td><td>57</td></tr><tr><td>July 17</td><td>687</td><td>66</td><td>-</td><td>19</td><td>182</td><td>54</td><td>216</td><td>1,224</td><td>20</td><td>49</td><td>266</td><td>24</td><td>684</td><td>1,043</td><td>782</td></tr><tr><td>July 24</td><td>688</td><td>69</td><td>-</td><td>23</td><td>183</td><td>45</td><td>234</td><td>1,242</td><td>15</td><td>53</td><td>218</td><td>24</td><td>615</td><td>925</td><td>868</td></tr><tr><td>July 31</td><td>690</td><td>62</td><td>-</td><td>24</td><td>187</td><td>47</td><td>301</td><td>1,311</td><td>15</td><td>46</td><td>282</td><td>26</td><td>613</td><td>982</td><td>901</td></tr><tr><td>TOTAL ASSETS PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>14,958</td><td>32,843</td><td>9,680</td><td>10,577</td><td>4,551</td><td>1,301</td><td>40,321</td><td>114,231</td><td>11,041</td><td>657</td><td>86,909</td><td>33,137</td><td>11,618</td><td>143,362</td><td>6,628</td></tr><tr><td>July 17</td><td>15,111</td><td>32,015</td><td>9,648</td><td>11,348</td><td>4,494</td><td>1,233</td><td>39,724</td><td>113,573</td><td>11,055</td><td>850</td><td>84,136</td><td>32,726</td><td>11,980</td><td>140,747</td><td>6,555</td></tr><tr><td>July 24</td><td>15,913</td><td>33,405</td><td>9,724</td><td>10,713</td><td>4,474</td><td>1,343</td><td>40,211</td><td>115,783</td><td>10,748</td><td>786</td><td>87,384</td><td>33,194</td><td>12,374</td><td>144,486</td><td>6,725</td></tr><tr><td>July 31</td><td>15,115</td><td>32,706</td><td>10,265</td><td>9,865</td><td>4,431</td><td>1,447</td><td>40,248</td><td>114,077</td><td>11,216</td><td>1,926</td><td>78,069</td><td>33,510</td><td>13,388</td><td>138,109</td><td>6,529</td></tr><tr><td>Loans to foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>511</td><td>5,583</td><td>103</td><td>4,290</td><td>560</td><td>8</td><td>3,485</td><td>14,540</td><td>2,387</td><td>187</td><td>66,913</td><td>18,670</td><td>6,318</td><td>94,475</td><td>512</td></tr><tr><td>July 17</td><td>189</td><td>4,605</td><td>110</td><td>4,654</td><td>515</td><td>8</td><td>2,629</td><td>12,910</td><td>2,201</td><td>398</td><td>64,251</td><td>18,005</td><td>6,553</td><td>91,408</td><td>496</td></tr><tr><td>July 24</td><td>663</td><td>5,820</td><td>255</td><td>4,310</td><td>540</td><td>8</td><td>2,895</td><td>14,191</td><td>2,070</td><td>334</td><td>69,305</td><td>18,655</td><td>6,699</td><td>97,063</td><td>513</td></tr><tr><td>July 31</td><td>387</td><td>5,434</td><td>194</td><td>4,271</td><td>551</td><td>8</td><td>3,523</td><td>14,368</td><td>2,342</td><td>1,479</td><td>56,038</td><td>19,259</td><td>7,667</td><td>86,785</td><td>535</td></tr><tr><td>Acceptances made for foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>954</td><td>12,805</td><td>1,095</td><td>2,869</td><td>343</td><td>32</td><td>2,852</td><td>20,950</td><td>593</td><td>182</td><td>1,918</td><td>3,437</td><td>1,330</td><td>7,460</td><td>755</td></tr><tr><td>July 17</td><td>950</td><td>12,764</td><td>1,018</td><td>3,278</td><td>412</td><td>32</td><td>2,751</td><td>21,205</td><td>585</td><td>185</td><td>3,125</td><td>3,365</td><td>1,345</td><td>8,605</td><td>752</td></tr><tr><td>July 24</td><td>846</td><td>12,813</td><td>919</td><td>3,146</td><td>434</td><td>32</td><td>2,693</td><td>20,883</td><td>542</td><td>184</td><td>2,302</td><td>3,351</td><td>1,517</td><td>7,896</td><td>786</td></tr><tr><td>July 31</td><td>704</td><td>12,684</td><td>1,579</td><td>2,412</td><td>494</td><td>36</td><td>2,618</td><td>20,527</td><td>589</td><td>204</td><td>2,563</td><td>3,170</td><td>1,562</td><td>8,088</td><td>687</td></tr><tr><td>Other assets payable to 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>July 10</td><td>13,493</td><td>14,455</td><td>8,482</td><td>3,418</td><td>3,648</td><td>1,261</td><td>33,984</td><td>78,741</td><td>8,061</td><td>288</td><td>18,078</td><td>11,030</td><td>3,970</td><td>41,427</td><td>5,160</td></tr><tr><td>July 17</td><td>13,772</td><td>14,646</td><td>8,520</td><td>3,416</td><td>3,567</td><td>1,193</td><td>34,344</td><td>79,458</td><td>8,269</td><td>267</td><td>16,760</td><td>11,356</td><td>4,082</td><td>40,734</td><td>5,342</td></tr><tr><td>July 24</td><td>14,404</td><td>15,072</td><td>8,550</td><td>3,257</td><td>3,500</td><td>1,303</td><td>34,623</td><td>80,709</td><td>8,136</td><td>268</td><td>15,777</td><td>11,188</td><td>4,158</td><td>39,527</td><td>5,485</td></tr><tr><td>July 31</td><td>14,024</td><td>14,588</td><td>8,492</td><td>3,182</td><td>3,386</td><td>1,403</td><td>34,107</td><td>79,182</td><td>8,285</td><td>243</td><td>19,468</td><td>11,081</td><td>4,159</td><td>43,236</td><td>5,307</td></tr></table>
42
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for July 1940
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>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>July 10</td><td>3,362,548</td><td>383,081</td><td>500,624</td><td>160,484</td><td>18,612</td><td>29,913</td><td>10,107</td><td>28,100</td><td>184,887</td><td>58,322</td><td>188,130</td><td>444,473</td><td>170,425</td><td>2,177,158</td><td>278,897</td></tr><tr><td>July 17</td><td>3,400,496</td><td>373,930</td><td>497,651</td><td>153,327</td><td>18,703</td><td>29,214</td><td>11,967</td><td>28,047</td><td>182,270</td><td>57,919</td><td>188,437</td><td>448,622</td><td>172,115</td><td>2,167,202</td><td>308,371</td></tr><tr><td>July 24</td><td>3,400,740</td><td>362,816</td><td>496,348</td><td>156,453</td><td>18,304</td><td>28,984</td><td>12,890</td><td>26,980</td><td>181,539</td><td>58,063</td><td>193,000</td><td>449,529</td><td>174,620</td><td>2,159,526</td><td>310,203</td></tr><tr><td>July 31</td><td>3,412,874</td><td>343,013</td><td>497,322</td><td>154,877</td><td>18,401</td><td>29,119</td><td>13,624</td><td>25,752</td><td>178,336</td><td>57,841</td><td>197,498</td><td>449,215</td><td>176,918</td><td>2,141,916</td><td>353,945</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>July 10</td><td>3,303,242</td><td>345,287</td><td>497,686</td><td>158,979</td><td>18,596</td><td>29,905</td><td>9,810</td><td>27,895</td><td>180,151</td><td>57,857</td><td>187,652</td><td>443,917</td><td>170,104</td><td>2,127,839</td><td>277,405</td></tr><tr><td>July 17</td><td>3,349,234</td><td>343,683</td><td>494,692</td><td>156,798</td><td>18,687</td><td>29,206</td><td>11,665</td><td>27,772</td><td>177,917</td><td>57,471</td><td>187,926</td><td>448,076</td><td>171,782</td><td>2,125,675</td><td>306,929</td></tr><tr><td>July 24</td><td>3,352,209</td><td>335,518</td><td>493,435</td><td>154,982</td><td>18,289</td><td>28,976</td><td>12,607</td><td>26,739</td><td>177,397</td><td>57,598</td><td>192,500</td><td>449,027</td><td>174,315</td><td>2,121,583</td><td>308,855</td></tr><tr><td>July 31</td><td>3,366,872</td><td>317,325</td><td>494,460</td><td>153,457</td><td>18,384</td><td>29,109</td><td>13,333</td><td>25,516</td><td>174,105</td><td>57,413</td><td>197,002</td><td>448,708</td><td>176,587</td><td>2,105,399</td><td>352,736</td></tr><tr><td>Deposits 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></tr><tr><td>July 10</td><td>3,181,271</td><td>336,379</td><td>491,782</td><td>154,538</td><td>18,536</td><td>29,903</td><td>9,600</td><td>27,290</td><td>177,992</td><td>57,418</td><td>184,892</td><td>436,585</td><td>158,152</td><td>2,093,567</td><td>274,813</td></tr><tr><td>July 17</td><td>3,224,303</td><td>336,104</td><td>488,886</td><td>152,368</td><td>18,511</td><td>29,166</td><td>11,478</td><td>27,110</td><td>176,061</td><td>57,031</td><td>185,646</td><td>440,623</td><td>166,596</td><td>2,089,580</td><td>304,189</td></tr><tr><td>July 24</td><td>3,230,011</td><td>330,119</td><td>487,674</td><td>150,602</td><td>18,122</td><td>28,974</td><td>12,436</td><td>26,145</td><td>175,878</td><td>57,154</td><td>190,175</td><td>440,560</td><td>172,397</td><td>2,090,236</td><td>306,225</td></tr><tr><td>July 31</td><td>3,247,709</td><td>311,079</td><td>488,709</td><td>149,110</td><td>18,215</td><td>29,107</td><td>13,176</td><td>24,942</td><td>173,263</td><td>56,949</td><td>194,955</td><td>440,523</td><td>174,733</td><td>2,074,761</td><td>350,050</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></tr><tr><td>July 10</td><td>87,871</td><td>6,878</td><td>1,707</td><td>4,397</td><td>56</td><td>2</td><td>18</td><td>425</td><td>1,879</td><td>423</td><td>2,695</td><td>6,727</td><td>963</td><td>26,170</td><td>1,945</td></tr><tr><td>July 17</td><td>84,626</td><td>5,547</td><td>1,611</td><td>4,386</td><td>61</td><td>2</td><td>33</td><td>532</td><td>1,602</td><td>426</td><td>2,276</td><td>6,906</td><td>1,061</td><td>24,443</td><td>2,102</td></tr><tr><td>July 24</td><td>88,104</td><td>3,696</td><td>1,574</td><td>4,345</td><td>53</td><td>2</td><td>26</td><td>474</td><td>1,267</td><td>430</td><td>2,321</td><td>7,855</td><td>1,084</td><td>23,127</td><td>1,994</td></tr><tr><td>July 31</td><td>84,504</td><td>4,240</td><td>1,563</td><td>4,312</td><td>55</td><td>2</td><td>13</td><td>478</td><td>594</td><td>450</td><td>2,042</td><td>7,563</td><td>1,020</td><td>22,332</td><td>1,905</td></tr><tr><td>Short-term United States Government obligations held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>24,354</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>50</td><td>-</td><td>3,254</td><td>219</td></tr><tr><td>July 17</td><td>24,307</td><td>4</td><td>3,130</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,205</td><td>219</td></tr><tr><td>July 24</td><td>24,354</td><td>4</td><td>3,130</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>50</td><td>-</td><td>3,255</td><td>219</td></tr><tr><td>July 31</td><td>24,180</td><td>4</td><td>3,130</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>50</td><td>-</td><td>3,255</td><td>219</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>July 10</td><td>9,746</td><td>1,526</td><td>1,068</td><td>44</td><td>4</td><td>-</td><td>142</td><td>180</td><td>259</td><td>16</td><td>65</td><td>555</td><td>989</td><td>4,848</td><td>428</td></tr><tr><td>July 17</td><td>15,998</td><td>2,028</td><td>1,065</td><td>44</td><td>115</td><td>38</td><td>104</td><td>130</td><td>233</td><td>14</td><td>4</td><td>547</td><td>4,125</td><td>8,447</td><td>419</td></tr><tr><td>July 24</td><td>9,740</td><td>1,699</td><td>1,057</td><td>35</td><td>114</td><td>-</td><td>95</td><td>120</td><td>231</td><td>14</td><td>4</td><td>562</td><td>834</td><td>4,765</td><td>417</td></tr><tr><td>July 31</td><td>10,479</td><td>2,002</td><td>1,058</td><td>35</td><td>114</td><td>-</td><td>94</td><td>96</td><td>227</td><td>14</td><td>5</td><td>572</td><td>834</td><td>5,051</td><td>562</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>July 10</td><td>59,306</td><td>37,794</td><td>2,938</td><td>1,505</td><td>16</td><td>8</td><td>297</td><td>205</td><td>4,736</td><td>465</td><td>478</td><td>556</td><td>321</td><td>49,319</td><td>1,492</td></tr><tr><td>July 17</td><td>51,262</td><td>30,247</td><td>2,959</td><td>1,529</td><td>16</td><td>8</td><td>302</td><td>275</td><td>4,353</td><td>448</td><td>511</td><td>546</td><td>333</td><td>41,527</td><td>1,442</td></tr><tr><td>July 24</td><td>48,531</td><td>27,298</td><td>2,913</td><td>1,471</td><td>15</td><td>8</td><td>283</td><td>241</td><td>4,142</td><td>465</td><td>500</td><td>502</td><td>305</td><td>38,143</td><td>1,348</td></tr><tr><td>July 31</td><td>46,002</td><td>25,688</td><td>2,862</td><td>1,420</td><td>17</td><td>10</td><td>291</td><td>236</td><td>4,231</td><td>428</td><td>496</td><td>507</td><td>331</td><td>36,517</td><td>1,209</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>July 10</td><td>20,808</td><td>8,567</td><td>740</td><td>1,325</td><td>16</td><td>8</td><td>59</td><td>169</td><td>2,107</td><td>332</td><td>459</td><td>257</td><td>266</td><td>14,305</td><td>913</td></tr><tr><td>July 17</td><td>19,220</td><td>7,545</td><td>843</td><td>1,308</td><td>16</td><td>8</td><td>62</td><td>240</td><td>1,763</td><td>333</td><td>492</td><td>204</td><td>254</td><td>13,068</td><td>839</td></tr><tr><td>July 24</td><td>19,144</td><td>7,158</td><td>859</td><td>1,255</td><td>15</td><td>8</td><td>39</td><td>208</td><td>1,684</td><td>348</td><td>481</td><td>153</td><td>259</td><td>12,467</td><td>800</td></tr><tr><td>July 31</td><td>18,822</td><td>7,282</td><td>916</td><td>1,247</td><td>17</td><td>10</td><td>47</td><td>204</td><td>1,873</td><td>342</td><td>479</td><td>189</td><td>273</td><td>12,879</td><td>732</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>July 10</td><td>27,208</td><td>21,955</td><td>2,033</td><td>76</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,433</td><td>85</td><td>-</td><td>3</td><td>-</td><td>26,585</td><td>479</td></tr><tr><td>July 17</td><td>22,762</td><td>17,705</td><td>1,929</td><td>72</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2,394</td><td>67</td><td>-</td><td>2</td><td>-</td><td>22,170</td><td>493</td></tr><tr><td>July 24</td><td>20,298</td><td>15,389</td><td>1,852</td><td>61</td><td>-</td><td>-</td><td>1</td><td>-</td><td>2,262</td><td>67</td><td>-</td><td>2</td><td>-</td><td>19,664</td><td>469</td></tr><tr><td>July 31</td><td>18,242</td><td>13,629</td><td>1,794</td><td>61</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,162</td><td>67</td><td>-</td><td>2</td><td>-</td><td>17,715</td><td>389</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>July 10</td><td>11,290</td><td>7,272</td><td>165</td><td>104</td><td>-</td><td>-</td><td>238</td><td>36</td><td>196</td><td>48</td><td>19</td><td>296</td><td>55</td><td>8,429</td><td>100</td></tr><tr><td>July 17</td><td>9,280</td><td>4,997</td><td>187</td><td>149</td><td>-</td><td>-</td><td>240</td><td>34</td><td>196</td><td>48</td><td>19</td><td>340</td><td>79</td><td>6,289</td><td>110</td></tr><tr><td>July 24</td><td>9,089</td><td>4,751</td><td>172</td><td>155</td><td>-</td><td>-</td><td>243</td><td>33</td><td>196</td><td>50</td><td>19</td><td>347</td><td>46</td><td>6,012</td><td>79</td></tr><tr><td>July 31</td><td>8,938</td><td>4,777</td><td>152</td><td>112</td><td>-</td><td>-</td><td>244</td><td>32</td><td>196</td><td>19</td><td>17</td><td>316</td><td>58</td><td>5,923</td><td>88</td></tr></table>
(Continued on following page)
43
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for July 1940 - (Continued)
(in thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argen-tina</th><th>Brasil</th><th>Chile</th><th>Cuba</th><th>Mexicoo</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>Philip-pine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td colspan="16">TOTAL SHORT-TERM FOREIGN LIABILITIES:</td></tr><tr><td>July 10.</td><td>90,698</td><td>37,760</td><td>30,233</td><td>49,497</td><td>61,485</td><td>53,287</td><td>96,311</td><td>421,830</td><td>177,375</td><td>81,450</td><td>43,096</td><td>37,686</td><td>78,155</td><td>417,762</td><td>66,901</td></tr><tr><td>July 17.</td><td>97,185</td><td>38,472</td><td>30,752</td><td>50,564</td><td>61,485</td><td>55,394</td><td>99,821</td><td>433,673</td><td>176,217</td><td>84,088</td><td>46,677</td><td>36,698</td><td>80,049</td><td>423,129</td><td>67,321</td></tr><tr><td>July 24.</td><td>97,033</td><td>38,012</td><td>30,514</td><td>51,770</td><td>61,015</td><td>53,648</td><td>98,363</td><td>430,355</td><td>177,880</td><td>84,433</td><td>47,089</td><td>37,920</td><td>86,303</td><td>433,625</td><td>67,031</td></tr><tr><td>July 31.</td><td>93,059</td><td>37,992</td><td>29,245</td><td>48,079</td><td>60,257</td><td>52,701</td><td>99,454</td><td>420,787</td><td>176,814</td><td>84,303</td><td>34,048</td><td>38,189</td><td>96,131</td><td>429,485</td><td>66,741</td></tr><tr><td colspan="16">TOTAL LIABILITIES PAYABLE IN DOLLARS:</td></tr><tr><td>July 10.</td><td>90,665</td><td>37,751</td><td>30,233</td><td>48,868</td><td>63,950</td><td>53,287</td><td>95,895</td><td>420,649</td><td>176,839</td><td>78,701</td><td>39,833</td><td>37,579</td><td>77,865</td><td>410,817</td><td>66,532</td></tr><tr><td>July 17.</td><td>97,114</td><td>38,457</td><td>30,752</td><td>49,927</td><td>61,385</td><td>55,394</td><td>99,326</td><td>432,355</td><td>175,759</td><td>81,636</td><td>43,135</td><td>36,845</td><td>79,753</td><td>416,928</td><td>67,347</td></tr><tr><td>July 24.</td><td>96,978</td><td>37,996</td><td>30,514</td><td>51,108</td><td>60,909</td><td>53,648</td><td>97,901</td><td>429,054</td><td>177,401</td><td>82,107</td><td>42,817</td><td>37,864</td><td>86,004</td><td>426,193</td><td>66,724</td></tr><tr><td>July 31.</td><td>93,018</td><td>37,974</td><td>29,245</td><td>47,398</td><td>60,152</td><td>52,701</td><td>99,056</td><td>419,544</td><td>176,344</td><td>82,675</td><td>29,872</td><td>38,132</td><td>95,734</td><td>422,757</td><td>66,436</td></tr><tr><td colspan="16">Deposits for foreign account:</td></tr><tr><td>July 10.</td><td>88,982</td><td>30,063</td><td>29,184</td><td>47,248</td><td>62,823</td><td>53,273</td><td>90,518</td><td>402,291</td><td>154,646</td><td>72,103</td><td>16,340</td><td>28,261</td><td>73,342</td><td>344,692</td><td>65,908</td></tr><tr><td>July 17.</td><td>95,299</td><td>31,128</td><td>29,903</td><td>48,881</td><td>60,294</td><td>55,386</td><td>93,604</td><td>414,555</td><td>153,984</td><td>75,071</td><td>18,476</td><td>28,815</td><td>75,372</td><td>351,718</td><td>61,261</td></tr><tr><td>July 24.</td><td>95,219</td><td>30,888</td><td>29,681</td><td>50,031</td><td>59,826</td><td>53,642</td><td>92,091</td><td>411,378</td><td>155,596</td><td>75,475</td><td>16,736</td><td>27,891</td><td>81,005</td><td>356,703</td><td>65,469</td></tr><tr><td>July 31.</td><td>91,219</td><td>30,726</td><td>28,327</td><td>45,928</td><td>59,024</td><td>52,696</td><td>95,939</td><td>403,859</td><td>154,611</td><td>76,262</td><td>2,920</td><td>29,498</td><td>90,568</td><td>353,899</td><td>65,180</td></tr><tr><td colspan="16">Bills held for foreign accounts:</td></tr><tr><td>July 10.</td><td>1,280</td><td>7,663</td><td>849</td><td>1,608</td><td>1,072</td><td>13</td><td>4,801</td><td>17,286</td><td>6,607</td><td>1,151</td><td>22,722</td><td>8,152</td><td>3,379</td><td>42,011</td><td>459</td></tr><tr><td>July 17.</td><td>1,412</td><td>7,249</td><td>849</td><td>1,034</td><td>1,035</td><td>7</td><td>5,094</td><td>16,680</td><td>6,213</td><td>1,125</td><td>24,182</td><td>6,662</td><td>2,700</td><td>40,882</td><td>519</td></tr><tr><td>July 24.</td><td>1,357</td><td>7,028</td><td>833</td><td>1,077</td><td>1,028</td><td>6</td><td>5,228</td><td>16,557</td><td>6,231</td><td>1,195</td><td>25,300</td><td>8,837</td><td>3,820</td><td>45,383</td><td>1,043</td></tr><tr><td>July 31.</td><td>1,397</td><td>7,168</td><td>808</td><td>1,470</td><td>1,073</td><td>5</td><td>2,545</td><td>14,466</td><td>6,168</td><td>984</td><td>26,143</td><td>7,499</td><td>3,934</td><td>44,728</td><td>1,073</td></tr><tr><td colspan="16">Short-term United States Government obligations held for foreign account:</td></tr><tr><td>July 10.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15,506</td><td>5,200</td><td>171</td><td>-</td><td>4</td><td>20,881</td><td>-</td></tr><tr><td>July 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15,506</td><td>5,200</td><td>173</td><td>-</td><td>4</td><td>20,883</td><td>-</td></tr><tr><td>July 24.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15,506</td><td>5,200</td><td>170</td><td>-</td><td>4</td><td>20,880</td><td>-</td></tr><tr><td>July 31.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15,506</td><td>5,200</td><td>-</td><td>-</td><td>-</td><td>20,706</td><td>-</td></tr><tr><td colspan="16">Other liabilities payable in dollars:</td></tr><tr><td>July 10.</td><td>403</td><td>25</td><td>-</td><td>12</td><td>55</td><td>1</td><td>576</td><td>1,072</td><td>80</td><td>247</td><td>600</td><td>1,166</td><td>1,140</td><td>3,233</td><td>165</td></tr><tr><td>July 17.</td><td>403</td><td>80</td><td>-</td><td>12</td><td>56</td><td>1</td><td>568</td><td>1,120</td><td>56</td><td>240</td><td>304</td><td>1,168</td><td>1,677</td><td>3,445</td><td>2,567</td></tr><tr><td>July 24.</td><td>402</td><td>80</td><td>-</td><td>-</td><td>55</td><td>-</td><td>582</td><td>1,119</td><td>68</td><td>237</td><td>611</td><td>1,136</td><td>1,175</td><td>3,227</td><td>212</td></tr><tr><td>July 31.</td><td>402</td><td>80</td><td>110</td><td>-</td><td>55</td><td>-</td><td>572</td><td>1,219</td><td>59</td><td>229</td><td>809</td><td>1,135</td><td>1,232</td><td>3,464</td><td>183</td></tr><tr><td colspan="16">TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td></tr><tr><td>July 10.</td><td>33</td><td>9</td><td>-</td><td>629</td><td>94</td><td>-</td><td>416</td><td>1,181</td><td>536</td><td>2,749</td><td>3,263</td><td>107</td><td>290</td><td>6,945</td><td>369</td></tr><tr><td>July 17.</td><td>71</td><td>15</td><td>-</td><td>637</td><td>100</td><td>-</td><td>495</td><td>1,318</td><td>458</td><td>2,452</td><td>3,542</td><td>53</td><td>296</td><td>6,801</td><td>174</td></tr><tr><td>July 24.</td><td>55</td><td>16</td><td>-</td><td>662</td><td>106</td><td>-</td><td>462</td><td>1,301</td><td>479</td><td>2,326</td><td>4,272</td><td>56</td><td>299</td><td>7,432</td><td>307</td></tr><tr><td>July 31.</td><td>41</td><td>18</td><td>-</td><td>681</td><td>105</td><td>-</td><td>398</td><td>1,243</td><td>470</td><td>1,628</td><td>4,176</td><td>57</td><td>397</td><td>6,728</td><td>305</td></tr><tr><td colspan="16">Borrowings from foreign banks:</td></tr><tr><td>July 10.</td><td>12</td><td>4</td><td>-</td><td>629</td><td>19</td><td>-</td><td>141</td><td>805</td><td>526</td><td>2,521</td><td>1,187</td><td>107</td><td>226</td><td>4,567</td><td>218</td></tr><tr><td>July 17.</td><td>49</td><td>10</td><td>-</td><td>637</td><td>22</td><td>-</td><td>227</td><td>945</td><td>449</td><td>2,227</td><td>1,297</td><td>53</td><td>250</td><td>4,276</td><td>92</td></tr><tr><td>July 24.</td><td>32</td><td>11</td><td>-</td><td>662</td><td>23</td><td>-</td><td>192</td><td>920</td><td>470</td><td>2,134</td><td>1,915</td><td>56</td><td>257</td><td>4,832</td><td>125</td></tr><tr><td>July 31.</td><td>23</td><td>13</td><td>-</td><td>681</td><td>18</td><td>-</td><td>125</td><td>850</td><td>460</td><td>1,420</td><td>1,851</td><td>57</td><td>370</td><td>4,183</td><td>163</td></tr><tr><td colspan="16">Acceptances made by foreign banks:</td></tr><tr><td>July 10.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>92</td><td>-</td><td>3</td><td>95</td><td>16</td></tr><tr><td>July 17.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>84</td><td>-</td><td>2</td><td>86</td><td>16</td></tr><tr><td>July 24.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>114</td><td>-</td><td>2</td><td>116</td><td>16</td></tr><tr><td>July 31.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>86</td><td>-</td><td>3</td><td>89</td><td>16</td></tr><tr><td colspan="16">Other liabilities payable in foreign currencies:</td></tr><tr><td>July 10.</td><td>8</td><td>5</td><td>-</td><td>-</td><td>75</td><td>-</td><td>275</td><td>363</td><td>10</td><td>228</td><td>1,984</td><td>-</td><td>61</td><td>2,283</td><td>115</td></tr><tr><td>July 17.</td><td>9</td><td>5</td><td>-</td><td>-</td><td>78</td><td>-</td><td>268</td><td>360</td><td>9</td><td>225</td><td>2,161</td><td>-</td><td>44</td><td>2,439</td><td>82</td></tr><tr><td>July 24.</td><td>10</td><td>5</td><td>-</td><td>-</td><td>83</td><td>-</td><td>270</td><td>368</td><td>9</td><td>192</td><td>2,243</td><td>-</td><td>40</td><td>2,484</td><td>146</td></tr><tr><td>July 31.</td><td>5</td><td>5</td><td>-</td><td>-</td><td>87</td><td>-</td><td>273</td><td>370</td><td>10</td><td>208</td><td>2,209</td><td>-</td><td>24</td><td>2,451</td><td>106</td></tr></table>
44
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for July 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>July 10</td><td>4,390</td><td>132</td><td>79</td><td>2</td><td>16</td><td>407</td><td>2</td><td>1</td><td>440</td><td>92</td><td>1,171</td><td>2,003</td><td>885</td><td>191</td><td>129</td><td>320</td><td>11</td></tr><tr><td>July 17</td><td>4,589</td><td>287</td><td>102</td><td>23</td><td>14</td><td>35</td><td>32</td><td>5</td><td>697</td><td>65</td><td>1,260</td><td>1,822</td><td>1,023</td><td>223</td><td>231</td><td>454</td><td>30</td></tr><tr><td>July 24</td><td>8,775</td><td>1,983</td><td>90</td><td>10</td><td>13</td><td>33</td><td>18</td><td>23</td><td>1,059</td><td>131</td><td>3,360</td><td>3,975</td><td>1,044</td><td>184</td><td>191</td><td>375</td><td>21</td></tr><tr><td>July 31</td><td>5,210</td><td>502</td><td>105</td><td>38</td><td>9</td><td>38</td><td>46</td><td>12</td><td>514</td><td>264</td><td>1,528</td><td>2,454</td><td>975</td><td>78</td><td>148</td><td>226</td><td>27</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>July 10</td><td>1,061</td><td>92</td><td>48</td><td>-</td><td>-</td><td>31</td><td>2</td><td>1</td><td>268</td><td>33</td><td>475</td><td>127</td><td>325</td><td>3</td><td>127</td><td>130</td><td>4</td></tr><tr><td>July 17</td><td>1,365</td><td>80</td><td>36</td><td>-</td><td>1</td><td>8</td><td>32</td><td>5</td><td>500</td><td>38</td><td>700</td><td>139</td><td>307</td><td>3</td><td>194</td><td>197</td><td>22</td></tr><tr><td>July 24</td><td>1,804</td><td>62</td><td>21</td><td>4</td><td>1</td><td>4</td><td>18</td><td>3</td><td>413</td><td>71</td><td>597</td><td>459</td><td>603</td><td>-</td><td>137</td><td>137</td><td>8</td></tr><tr><td>July 31</td><td>1,689</td><td>51</td><td>78</td><td>6</td><td>-</td><td>1</td><td>46</td><td>2</td><td>397</td><td>92</td><td>673</td><td>242</td><td>631</td><td>-</td><td>139</td><td>139</td><td>4</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>July 10</td><td>1,349</td><td>25</td><td>25</td><td>-</td><td>-</td><td>359</td><td>-</td><td>-</td><td>111</td><td>36</td><td>556</td><td>579</td><td>214</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>715</td><td>188</td><td>58</td><td>9</td><td>3</td><td>3</td><td>-</td><td>-</td><td>133</td><td>10</td><td>404</td><td>267</td><td>41</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>July 24</td><td>6,076</td><td>1,918</td><td>42</td><td>-</td><td>-</td><td>18</td><td>-</td><td>11</td><td>584</td><td>48</td><td>2,601</td><td>3,325</td><td>97</td><td>-</td><td>53</td><td>53</td><td>-</td></tr><tr><td>July 31</td><td>2,113</td><td>447</td><td>15</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>68</td><td>5</td><td>547</td><td>1,536</td><td>17</td><td>-</td><td>8</td><td>8</td><td>5</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>July 10</td><td>1,980</td><td>15</td><td>6</td><td>2</td><td>16</td><td>17</td><td>-</td><td>-</td><td>61</td><td>23</td><td>140</td><td>1,297</td><td>346</td><td>188</td><td>2</td><td>190</td><td>7</td></tr><tr><td>July 17</td><td>2,509</td><td>19</td><td>8</td><td>14</td><td>10</td><td>24</td><td>-</td><td>-</td><td>84</td><td>17</td><td>156</td><td>1,416</td><td>675</td><td>220</td><td>34</td><td>254</td><td>8</td></tr><tr><td>July 24</td><td>895</td><td>3</td><td>27</td><td>6</td><td>12</td><td>11</td><td>-</td><td>9</td><td>82</td><td>12</td><td>162</td><td>191</td><td>344</td><td>184</td><td>1</td><td>185</td><td>13</td></tr><tr><td>July 31</td><td>1,408</td><td>4</td><td>12</td><td>32</td><td>9</td><td>25</td><td>-</td><td>10</td><td>49</td><td>167</td><td>308</td><td>676</td><td>327</td><td>78</td><td>1</td><td>79</td><td>18</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>July 10</td><td>6,761</td><td>590</td><td>44</td><td>5</td><td>3</td><td>3</td><td>57</td><td>29</td><td>1,472</td><td>129</td><td>2,332</td><td>3,508</td><td>687</td><td>26</td><td>195</td><td>221</td><td>13</td></tr><tr><td>July 17</td><td>6,935</td><td>529</td><td>31</td><td>41</td><td>4</td><td>1,020</td><td>6</td><td>9</td><td>1,123</td><td>109</td><td>2,872</td><td>2,630</td><td>605</td><td>487</td><td>297</td><td>784</td><td>44</td></tr><tr><td>July 24</td><td>7,354</td><td>359</td><td>49</td><td>6</td><td>2</td><td>615</td><td>4</td><td>-</td><td>1,293</td><td>123</td><td>2,451</td><td>3,513</td><td>905</td><td>14</td><td>369</td><td>383</td><td>102</td></tr><tr><td>July 31</td><td>8,070</td><td>1,136</td><td>75</td><td>3</td><td>3</td><td>1,313</td><td>15</td><td>-</td><td>1,030</td><td>72</td><td>3,647</td><td>3,505</td><td>603</td><td>1</td><td>251</td><td>252</td><td>63</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>July 10</td><td>2,217</td><td>323</td><td>23</td><td>1</td><td>3</td><td>-</td><td>57</td><td>29</td><td>942</td><td>51</td><td>1,429</td><td>385</td><td>208</td><td>11</td><td>172</td><td>183</td><td>12</td></tr><tr><td>July 17</td><td>2,359</td><td>123</td><td>11</td><td>29</td><td>3</td><td>2</td><td>1</td><td>8</td><td>694</td><td>20</td><td>891</td><td>753</td><td>402</td><td>1</td><td>276</td><td>277</td><td>36</td></tr><tr><td>July 24</td><td>2,967</td><td>205</td><td>33</td><td>-</td><td>2</td><td>3</td><td>4</td><td>-</td><td>779</td><td>75</td><td>1,101</td><td>714</td><td>729</td><td>8</td><td>363</td><td>371</td><td>52</td></tr><tr><td>July 31</td><td>2,863</td><td>779</td><td>44</td><td>-</td><td>1</td><td>11</td><td>12</td><td>-</td><td>828</td><td>20</td><td>1,695</td><td>482</td><td>399</td><td>1</td><td>239</td><td>240</td><td>47</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>July 10</td><td>3,404</td><td>184</td><td>18</td><td>4</td><td>-</td><td>3</td><td>-</td><td>-</td><td>404</td><td>9</td><td>622</td><td>2,334</td><td>435</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>July 17</td><td>3,773</td><td>227</td><td>18</td><td>5</td><td>1</td><td>1,018</td><td>4</td><td>-</td><td>275</td><td>83</td><td>1,631</td><td>1,577</td><td>66</td><td>480</td><td>11</td><td>491</td><td>8</td></tr><tr><td>July 24</td><td>3,916</td><td>82</td><td>15</td><td>4</td><td>-</td><td>609</td><td>-</td><td>-</td><td>394</td><td>30</td><td>1,134</td><td>2,668</td><td>65</td><td>-</td><td>5</td><td>5</td><td>44</td></tr><tr><td>July 31</td><td>4,509</td><td>223</td><td>31</td><td>2</td><td>1</td><td>1,300</td><td>3</td><td>-</td><td>168</td><td>27</td><td>1,755</td><td>2,614</td><td>132</td><td>-</td><td>8</td><td>8</td><td>-</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>1,140</td><td>83</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>126</td><td>69</td><td>281</td><td>789</td><td>44</td><td>15</td><td>10</td><td>25</td><td>1</td></tr><tr><td>July 17</td><td>803</td><td>179</td><td>2</td><td>7</td><td>-</td><td>-</td><td>-</td><td>1</td><td>154</td><td>6</td><td>350</td><td>300</td><td>137</td><td>6</td><td>10</td><td>16</td><td>1</td></tr><tr><td>July 24</td><td>471</td><td>72</td><td>1</td><td>2</td><td>-</td><td>3</td><td>-</td><td>-</td><td>120</td><td>18</td><td>216</td><td>131</td><td>111</td><td>6</td><td>1</td><td>7</td><td>6</td></tr><tr><td>July 31</td><td>698</td><td>134</td><td>-</td><td>1</td><td>1</td><td>2</td><td>-</td><td>-</td><td>34</td><td>25</td><td>197</td><td>409</td><td>72</td><td>-</td><td>4</td><td>4</td><td>16</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>July 10</td><td>273</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>273</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>227</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>217</td><td>-</td><td>-</td><td>8</td><td>8</td><td>-</td></tr><tr><td>July 24</td><td>228</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>221</td><td>-</td><td>-</td><td>7</td><td>7</td><td>-</td></tr><tr><td>July 31</td><td>266</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>200</td><td>-</td><td>-</td><td>61</td><td>61</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>July 10</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>July 17</td><td>15</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>3</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</td><td>14</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>9</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>July 10</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</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>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>July 10</td><td>246</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>246</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>205</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>197</td><td>-</td><td>-</td><td>8</td><td>8</td><td>-</td></tr><tr><td>July 24</td><td>219</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>212</td><td>-</td><td>-</td><td>7</td><td>7</td><td>-</td></tr><tr><td>July 31</td><td>247</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>186</td><td>-</td><td>-</td><td>61</td><td>61</td><td>-</td></tr></table>
(Continued on following page)
45
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for July 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Brand 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 SALES EXECUTED AHEAD 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>July 10</td><td>247</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>240</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>266</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>265</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>250</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>249</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</td><td>395</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>8</td><td>217</td><td>-</td><td>-</td><td>170</td><td>170</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>13</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</td><td>13</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>9</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>July 10</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>27</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>27</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10</td><td>233</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>233</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17</td><td>211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>210</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24</td><td>223</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>222</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31</td><td>380</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>4</td><td>206</td><td>-</td><td>-</td><td>170</td><td>170</td><td>-</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for July 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>July 10</td><td>27,497</td><td>2,203</td><td>2,273</td><td>695</td><td>67</td><td>166</td><td>952</td><td>300</td><td>1,805</td><td>1,815</td><td>10,276</td><td>10,990</td><td>3,394</td><td>120</td><td>2,472</td><td>2,592</td><td>245</td></tr><tr><td>July 17</td><td>27,557</td><td>2,216</td><td>1,985</td><td>717</td><td>68</td><td>156</td><td>834</td><td>314</td><td>2,153</td><td>1,912</td><td>10,355</td><td>10,880</td><td>3,486</td><td>116</td><td>2,483</td><td>2,599</td><td>237</td></tr><tr><td>July 24</td><td>26,572</td><td>2,185</td><td>1,912</td><td>718</td><td>67</td><td>156</td><td>858</td><td>301</td><td>1,562</td><td>1,972</td><td>9,731</td><td>10,818</td><td>3,297</td><td>111</td><td>2,372</td><td>2,483</td><td>243</td></tr><tr><td>July 31</td><td>26,348</td><td>2,197</td><td>1,849</td><td>713</td><td>67</td><td>148</td><td>821</td><td>386</td><td>1,436</td><td>1,836</td><td>9,453</td><td>11,105</td><td>3,179</td><td>108</td><td>2,264</td><td>2,372</td><td>239</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>July 10</td><td>49,824</td><td>2,573</td><td>6,916</td><td>718</td><td>226</td><td>57</td><td>6,063</td><td>283</td><td>14,699</td><td>2,429</td><td>33,984</td><td>3,456</td><td>9,557</td><td>186</td><td>2,112</td><td>2,298</td><td>529</td></tr><tr><td>July 17</td><td>49,431</td><td>2,585</td><td>6,496</td><td>754</td><td>224</td><td>58</td><td>6,147</td><td>283</td><td>14,653</td><td>2,467</td><td>33,667</td><td>3,460</td><td>9,629</td><td>193</td><td>1,965</td><td>2,158</td><td>517</td></tr><tr><td>July 24</td><td>49,540</td><td>2,741</td><td>6,439</td><td>763</td><td>230</td><td>58</td><td>5,975</td><td>279</td><td>14,536</td><td>2,578</td><td>33,599</td><td>3,133</td><td>10,015</td><td>188</td><td>1,900</td><td>2,088</td><td>705</td></tr><tr><td>July 31</td><td>49,122</td><td>2,838</td><td>6,319</td><td>717</td><td>189</td><td>59</td><td>6,030</td><td>280</td><td>14,170</td><td>2,568</td><td>33,170</td><td>3,093</td><td>10,003</td><td>230</td><td>1,970</td><td>2,200</td><td>656</td></tr></table>
46
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for July 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Swit-zerland</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="17">TOTAL PURCHASES IN THE UNITED STATES:</td></tr><tr><td>July 10.</td><td>115</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>102</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>134</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>131</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>110</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>104</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>1,407</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td><td>1,374</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Purchases of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</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>July 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>8</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>July 10.</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>July 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Purchases of foreign securities:</td></tr><tr><td>July 10.</td><td>105</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>102</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>134</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>131</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>109</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>104</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>1,398</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>1,374</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">TOTAL SALES IN THE UNITED STATES:</td></tr><tr><td>July 10.</td><td>94</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>94</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>1,962</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1,951</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Sales of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="17">Sales of foreign securities:</td></tr><tr><td>July 10.</td><td>94</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>94</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 17.</td><td>122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>122</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 24.</td><td>198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>198</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July 31.</td><td>1,962</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1,951</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
47
Foreign Purchases and Sales of Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase 2/</th><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase 2/</th><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase 2/</th></tr><tr><td>1937-Jan. 6....</td><td>19,171</td><td>37,056</td><td>1,115</td><td>1938-Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>1939-July 5....</td><td>13,187</td><td>13,128</td><td>59</td></tr><tr><td>13....</td><td>65,591</td><td>56,170</td><td>9,421</td><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>12....</td><td>7,832</td><td>12,749</td><td>-4,917</td></tr><tr><td>20....</td><td>81,012</td><td>60,013</td><td>20,999</td><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>19....</td><td>15,273</td><td>24,653</td><td>-9,380</td></tr><tr><td>27....</td><td>68,904</td><td>59,867</td><td>9,037</td><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>26....</td><td>23,793</td><td>28,866</td><td>-5,073</td></tr><tr><td>Feb. 3....</td><td>65,470</td><td>55,056</td><td>10,414</td><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td></tr><tr><td>10....</td><td>93,866</td><td>66,819</td><td>32,047</td><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td></tr><tr><td>17....</td><td>77,632</td><td>73,754</td><td>3,878</td><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td></tr><tr><td>24....</td><td>74,863</td><td>64,632</td><td>10,231</td><td>25....</td><td>8,876</td><td>9,291</td><td>-475</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td></tr><tr><td>Mar. 3....</td><td>74,784</td><td>63,616</td><td>11,168</td><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td></tr><tr><td>10....</td><td>113,812</td><td>85,119</td><td>28,693</td><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>13....</td><td>52,564</td><td>42,611</td><td>9,953</td></tr><tr><td>17....</td><td>84,365</td><td>74,045</td><td>10,320</td><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>20....</td><td>32,114</td><td>40,019</td><td>-7,905</td></tr><tr><td>24....</td><td>66,507</td><td>69,074</td><td>-2,567</td><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td></tr><tr><td>31....</td><td>43,680</td><td>30,086</td><td>13,594</td><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 7....</td><td>58,751</td><td>50,982</td><td>7,769</td><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>Oct. 4....</td><td>15,174</td><td>29,373</td><td>-14,199</td></tr><tr><td>14....</td><td>58,729</td><td>58,162</td><td>567</td><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>11....</td><td>16,594</td><td>22,395</td><td>-5,801</td></tr><tr><td>21....</td><td>39,674</td><td>48,278</td><td>-8,604</td><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>18....</td><td>16,146</td><td>18,811</td><td>-2,665</td></tr><tr><td>28....</td><td>43,143</td><td>54,898</td><td>-11,755</td><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>25....</td><td>17,269</td><td>28,434</td><td>-11,165</td></tr><tr><td>May 5....</td><td>44,852</td><td>67,685</td><td>-22,833</td><td>Aug. 3....</td><td>20,541</td><td>27,230</td><td>-6,679</td><td>Nov. 1....</td><td>17,198</td><td>24,066</td><td>-6,868</td></tr><tr><td>12....</td><td>34,423</td><td>25,111</td><td>9,312</td><td>10....</td><td>18,739</td><td>21,959</td><td>-6,230</td><td>8....</td><td>13,059</td><td>20,862</td><td>-7,803</td></tr><tr><td>19....</td><td>26,800</td><td>32,184</td><td>-5,384</td><td>17....</td><td>18,902</td><td>23,812</td><td>-5,010</td><td>15....</td><td>16,948</td><td>23,674</td><td>-6,726</td></tr><tr><td>26....</td><td>34,169</td><td>25,316</td><td>8,853</td><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>22....</td><td>13,093</td><td>15,140</td><td>-2,047</td></tr><tr><td>June 2....</td><td>18,912</td><td>14,271</td><td>4,641</td><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>29....</td><td>9,289</td><td>12,708</td><td>-3,419</td></tr><tr><td>9....</td><td>31,995</td><td>26,171</td><td>5,824</td><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>Dec. 6....</td><td>10,297</td><td>15,064</td><td>-4,767</td></tr><tr><td>16....</td><td>32,783</td><td>26,962</td><td>5,821</td><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>13....</td><td>13,991</td><td>16,437</td><td>-2,446</td></tr><tr><td>23....</td><td>21,651</td><td>28,638</td><td>-6,987</td><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td></tr><tr><td>30....</td><td>26,474</td><td>19,865</td><td>6,609</td><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td></tr><tr><td>July 7....</td><td>16,717</td><td>20,597</td><td>-3,880</td><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>-4,100</td></tr><tr><td>14....</td><td>41,309</td><td>33,482</td><td>7,827</td><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td></tr><tr><td>21....</td><td>34,326</td><td>31,427</td><td>2,899</td><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>17....</td><td>15,309</td><td>16,988</td><td>-1,679</td></tr><tr><td>28....</td><td>48,503</td><td>33,337</td><td>15,166</td><td>26....</td><td>45,044</td><td>33,412</td><td>12,232</td><td>24....</td><td>9,969</td><td>11,565</td><td>-1,596</td></tr><tr><td>Aug. 4....</td><td>32,886</td><td>25,129</td><td>7,757</td><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>31....</td><td>9,192</td><td>10,056</td><td>-864</td></tr><tr><td>11....</td><td>41,681</td><td>33,544</td><td>8,137</td><td>9....</td><td>25,338</td><td>23,665</td><td>1,673</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-787</td></tr><tr><td>18....</td><td>28,433</td><td>27,762</td><td>672</td><td>16....</td><td>42,393</td><td>37,886</td><td>4,507</td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td></tr><tr><td>25....</td><td>31,062</td><td>25,222</td><td>5,840</td><td>23....</td><td>33,118</td><td>31,704</td><td>1,614</td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td></tr><tr><td>Sept. 1....</td><td>26,590</td><td>25,761</td><td>829</td><td>30....</td><td>19,846</td><td>23,886</td><td>-4,040</td><td>28....</td><td>14,835</td><td>11,919</td><td>2,916</td></tr><tr><td>8....</td><td>26,093</td><td>23,110</td><td>2,983</td><td>Dec. 7....</td><td>26,323</td><td>19,704</td><td>6,559</td><td>Mar. 6....</td><td>11,723</td><td>10,355</td><td>1,368</td></tr><tr><td>15....</td><td>57,789</td><td>45,416</td><td>12,373</td><td>14....</td><td>19,917</td><td>28,398</td><td>-8,481</td><td>13....</td><td>11,518</td><td>12,728</td><td>-1,210</td></tr><tr><td>22....</td><td>37,904</td><td>42,671</td><td>-4,767</td><td>21....</td><td>36,607</td><td>26,963</td><td>9,644</td><td>20....</td><td>11,217</td><td>12,777</td><td>-1,560</td></tr><tr><td>29....</td><td>38,753</td><td>39,000</td><td>-247</td><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>27....</td><td>6,176</td><td>9,009</td><td>-2,833</td></tr><tr><td>Oct. 6....</td><td>22,337</td><td>24,753</td><td>-2,416</td><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td><td>Apr. 3....</td><td>12,778</td><td>15,770</td><td>-2,992</td></tr><tr><td>13....</td><td>24,008</td><td>36,652</td><td>-12,644</td><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>10....</td><td>19,870</td><td>19,172</td><td>698</td></tr><tr><td>20....</td><td>37,540</td><td>41,240</td><td>-3,700</td><td>18....</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>17....</td><td>16,998</td><td>14,067</td><td>2,931</td></tr><tr><td>27....</td><td>54,514</td><td>44,618</td><td>9,896</td><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>24....</td><td>16,284</td><td>17,826</td><td>-1,542</td></tr><tr><td>Nov. 3....</td><td>32,346</td><td>24,798</td><td>7,548</td><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>May 1....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>10....</td><td>26,527</td><td>30,716</td><td>-4,189</td><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>8....</td><td>10,332</td><td>11,665</td><td>-1,273</td></tr><tr><td>17....</td><td>29,423</td><td>24,081</td><td>5,342</td><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>15....</td><td>16,102</td><td>15,075</td><td>1,027</td></tr><tr><td>24....</td><td>26,339</td><td>29,814</td><td>-3,475</td><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>22....</td><td>16,393</td><td>22,819</td><td>-6,426</td></tr><tr><td>Dec. 1....</td><td>26,062</td><td>19,104</td><td>6,958</td><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>29....</td><td>16,006</td><td>24,823</td><td>-8,817</td></tr><tr><td>8....</td><td>25,512</td><td>19,482</td><td>6,030</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>June 5....</td><td>18,498</td><td>5,928</td><td>12,570</td></tr><tr><td>15....</td><td>35,481</td><td>26,796</td><td>8,685</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>12....</td><td>9,678</td><td>6,598</td><td>3,080</td></tr><tr><td>22....</td><td>24,631</td><td>16,525</td><td>8,106</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>19....</td><td>9,996</td><td>12,611</td><td>-2,615</td></tr><tr><td>29....</td><td>20,602</td><td>9,888</td><td>10,714</td><td>29....</td><td>29,386</td><td>23,209</td><td>6,177</td><td>26....</td><td>5,034</td><td>7,148</td><td>-2,114</td></tr><tr><td>1938-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td>July 3....</td><td>4,228</td><td>4,662</td><td>-434</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td>10....</td><td>2,434</td><td>5,048</td><td>-3,214</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td>17....</td><td>2,135</td><td>6,154</td><td>1,019</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>26....</td><td>19,851</td><td>11,245</td><td>8,606</td><td>24....</td><td>7,908</td><td>6,892</td><td>1,016</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td><td>31....</td><td>3,826</td><td>7,391</td><td>-3,565</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td><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>17....</td><td>13,630</td><td>12,008</td><td>1,622</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>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td><td></td><td></td><td></td><td></td></tr><tr><td>9....</td><td>12,462</td><td>11,806</td><td>656</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td><td></td><td></td><td></td><td></td></tr><tr><td>16....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td><td></td><td></td><td></td><td></td></tr><tr><td>23....</td><td>18,619</td><td>17,759</td><td>860</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td><td></td><td></td><td></td><td></td></tr><tr><td>30....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>28....</td><td>10,035</td><td>16,353</td><td>-6,318</td><td></td><td></td><td></td><td></td></tr></table>
1/ 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.
2/ Negative figures indicate net sales.
REIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
48
49
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for July 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latino-America</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td colspan="18">TOTAL PURCHASES:</td></tr><tr><td>July 10 Spot</td><td>31,940</td><td>22,242</td><td>16</td><td>17</td><td>52</td><td>169</td><td>564</td><td>79</td><td>1,638</td><td>141</td><td>24,938</td><td>3,381</td><td>548</td><td>1,575</td><td>827</td><td>2,402</td><td>671</td></tr><tr><td>July 12 Forward</td><td>10,410</td><td>6,999</td><td>1</td><td>191</td><td>1</td><td>1</td><td>6</td><td>-</td><td>1.181</td><td>143</td><td>7,200</td><td>1,589</td><td>15</td><td>1,524</td><td>82</td><td>1,606</td><td>-</td></tr><tr><td>July 17 Spot</td><td>43,047</td><td>34,781</td><td>72</td><td>251</td><td>45</td><td>152</td><td>890</td><td>40</td><td>1.181</td><td>143</td><td>37,555</td><td>3,576</td><td>676</td><td>732</td><td>665</td><td>1,397</td><td>443</td></tr><tr><td>July 17 Forward</td><td>12,764</td><td>11,227</td><td>72</td><td>165</td><td>1</td><td>1</td><td>1</td><td>-</td><td>1</td><td>1</td><td>11,395</td><td>749</td><td>22</td><td>82</td><td>116</td><td>198</td><td>-</td></tr><tr><td>July 24 Spot</td><td>21,489</td><td>12,046</td><td>12</td><td>308</td><td>73</td><td>161</td><td>210</td><td>142</td><td>1,609</td><td>174</td><td>14,735</td><td>3,861</td><td>458</td><td>1,598</td><td>421</td><td>2,019</td><td>416</td></tr><tr><td>July 24 Forward</td><td>5,986</td><td>4,760</td><td>3</td><td>136</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td><td>1</td><td>4,920</td><td>551</td><td>20</td><td>410</td><td>85</td><td>495</td><td>-</td></tr><tr><td>July 31 Spot</td><td>20,961</td><td>12,079</td><td>54</td><td>11</td><td>58</td><td>163</td><td>820</td><td>182</td><td>1,608</td><td>110</td><td>15,085</td><td>3,040</td><td>640</td><td>897</td><td>827</td><td>1,724</td><td>472</td></tr><tr><td>July 31 Forward</td><td>5,125</td><td>2,783</td><td>-</td><td>-</td><td>2</td><td>-</td><td>131</td><td>1</td><td>10</td><td>-</td><td>2,927</td><td>1,370</td><td>68</td><td>159</td><td>601</td><td>760</td><td>-</td></tr><tr><td colspan="18">Purchases from banks:</td></tr><tr><td>July 10 Spot</td><td>24,879</td><td>17,899</td><td>4</td><td>25</td><td>50</td><td>113</td><td>391</td><td>69</td><td>1,589</td><td>115</td><td>20,255</td><td>1,787</td><td>442</td><td>1,436</td><td>734</td><td>2,170</td><td>225</td></tr><tr><td>July 10 Forward</td><td>8,004</td><td>4,665</td><td>-</td><td>191</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,857</td><td>1,584</td><td>15</td><td>1,473</td><td>75</td><td>1,548</td><td>-</td></tr><tr><td>July 17 Spot</td><td>34,380</td><td>28,113</td><td>69</td><td>244</td><td>38</td><td>108</td><td>526</td><td>35</td><td>1,076</td><td>129</td><td>30,338</td><td>2,321</td><td>573</td><td>513</td><td>591</td><td>1,104</td><td>44</td></tr><tr><td>July 17 Forward</td><td>10,709</td><td>9,792</td><td>-</td><td>165</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>9,959</td><td>550</td><td>11</td><td>82</td><td>107</td><td>189</td><td>-</td></tr><tr><td>July 24 Spot</td><td>16,206</td><td>9,464</td><td>5</td><td>308</td><td>61</td><td>140</td><td>207</td><td>105</td><td>1,334</td><td>158</td><td>11,782</td><td>2,327</td><td>306</td><td>1,395</td><td>362</td><td>1,757</td><td>34</td></tr><tr><td>July 24 Forward</td><td>5,135</td><td>4,124</td><td>48</td><td>133</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td><td>1</td><td>4,278</td><td>478</td><td>11</td><td>287</td><td>81</td><td>368</td><td>-</td></tr><tr><td>July 31 Spot</td><td>15,855</td><td>9,509</td><td>48</td><td>11</td><td>46</td><td>76</td><td>461</td><td>126</td><td>1,516</td><td>106</td><td>11,899</td><td>2,182</td><td>467</td><td>681</td><td>595</td><td>1,276</td><td>31</td></tr><tr><td>July 31 Forward</td><td>3,159</td><td>1,929</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>1,941</td><td>558</td><td>-</td><td>59</td><td>601</td><td>660</td><td>-</td></tr><tr><td colspan="18">Purchases from customers other than banks:</td></tr><tr><td>July 10 Spot</td><td>7,061</td><td>4,343</td><td>12</td><td>12</td><td>2</td><td>56</td><td>173</td><td>10</td><td>49</td><td>26</td><td>4,683</td><td>1,594</td><td>106</td><td>139</td><td>93</td><td>232</td><td>446</td></tr><tr><td>July 10 Forward</td><td>2,406</td><td>2,334</td><td>3</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>2,343</td><td>5</td><td>-</td><td>51</td><td>7</td><td>58</td><td>-</td></tr><tr><td>July 17 Spot</td><td>9,267</td><td>6,668</td><td>3</td><td>7</td><td>7</td><td>44</td><td>364</td><td>5</td><td>105</td><td>14</td><td>7,217</td><td>1,255</td><td>103</td><td>219</td><td>74</td><td>293</td><td>399</td></tr><tr><td>July 17 Forward</td><td>1,655</td><td>1,435</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1,436</td><td>199</td><td>11</td><td>-</td><td>9</td><td>9</td><td>-</td></tr><tr><td>July 24 Spot</td><td>5,283</td><td>2,582</td><td>7</td><td>3</td><td>12</td><td>21</td><td>3</td><td>37</td><td>275</td><td>16</td><td>2,953</td><td>1,534</td><td>152</td><td>203</td><td>59</td><td>262</td><td>382</td></tr><tr><td>July 24 Forward</td><td>851</td><td>636</td><td>3</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>642</td><td>73</td><td>9</td><td>123</td><td>4</td><td>127</td><td>-</td></tr><tr><td>July 31 Spot</td><td>5,106</td><td>2,570</td><td>6</td><td>-</td><td>12</td><td>87</td><td>359</td><td>56</td><td>92</td><td>4</td><td>3,185</td><td>858</td><td>173</td><td>216</td><td>232</td><td>448</td><td>441</td></tr><tr><td>July 31 Forward</td><td>1,966</td><td>854</td><td>-</td><td>-</td><td>-</td><td>-</td><td>131</td><td>1</td><td>-</td><td>-</td><td>986</td><td>812</td><td>68</td><td>100</td><td>-</td><td>100</td><td>-</td></tr><tr><td colspan="18">TOTAL SALES:</td></tr><tr><td>July 10 Spot</td><td>32,139</td><td>22,030</td><td>138</td><td>191</td><td>58</td><td>122</td><td>860</td><td>63</td><td>1,491</td><td>141</td><td>25,094</td><td>3,141</td><td>647</td><td>1,602</td><td>1,037</td><td>2,639</td><td>618</td></tr><tr><td>July 10 Forward</td><td>9,066</td><td>6,123</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,124</td><td>1,593</td><td>30</td><td>1,309</td><td>10</td><td>1,319</td><td>-</td></tr><tr><td>July 17 Spot</td><td>40,767</td><td>31,879</td><td>113</td><td>328</td><td>51</td><td>208</td><td>991</td><td>76</td><td>997</td><td>193</td><td>34,836</td><td>3,523</td><td>594</td><td>678</td><td>850</td><td>1,528</td><td>286</td></tr><tr><td>July 17 Forward</td><td>14,745</td><td>13,848</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13,849</td><td>560</td><td>66</td><td>228</td><td>22</td><td>250</td><td>-</td></tr><tr><td>July 24 Spot</td><td>22,422</td><td>13,813</td><td>48</td><td>279</td><td>77</td><td>187</td><td>61</td><td>75</td><td>1,822</td><td>131</td><td>16,493</td><td>3,788</td><td>441</td><td>1,002</td><td>454</td><td>1,456</td><td>244</td></tr><tr><td>July 24 Forward</td><td>5,014</td><td>2,997</td><td>-</td><td>-</td><td>-</td><td>38</td><td>199</td><td>-</td><td>-</td><td>1</td><td>3,235</td><td>466</td><td>16</td><td>1,274</td><td>23</td><td>1,297</td><td>-</td></tr><tr><td>July 31 Spot</td><td>22,075</td><td>13,388</td><td>81</td><td>-</td><td>48</td><td>144</td><td>362</td><td>159</td><td>1,480</td><td>119</td><td>15,781</td><td>3,242</td><td>668</td><td>819</td><td>1,164</td><td>1,963</td><td>401</td></tr><tr><td>July 31 Forward</td><td>3,396</td><td>1,870</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>1,884</td><td>1,292</td><td>-</td><td>85</td><td>135</td><td>220</td><td>-</td></tr><tr><td colspan="18">Sales to banks:</td></tr><tr><td>July 10 Spot</td><td>21,478</td><td>16,159</td><td>1</td><td>184</td><td>12</td><td>69</td><td>601</td><td>48</td><td>725</td><td>85</td><td>17,884</td><td>1,884</td><td>231</td><td>848</td><td>236</td><td>1,004</td><td>395</td></tr><tr><td>July 10 Forward</td><td>6,196</td><td>4,835</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,836</td><td>133</td><td>15</td><td>1,212</td><td>-</td><td>1,212</td><td>-</td></tr><tr><td>July 17 Spot</td><td>26,263</td><td>21,466</td><td>43</td><td>165</td><td>14</td><td>108</td><td>742</td><td>48</td><td>725</td><td>85</td><td>23,396</td><td>2,004</td><td>378</td><td>51</td><td>165</td><td>216</td><td>209</td></tr><tr><td>July 17 Forward</td><td>9,961</td><td>9,306</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9,306</td><td>349</td><td>66</td><td>228</td><td>12</td><td>240</td><td>-</td></tr><tr><td>July 24 Spot</td><td>12,984</td><td>8,450</td><td>40</td><td>133</td><td>15</td><td>92</td><td>3</td><td>71</td><td>1,187</td><td>70</td><td>10,061</td><td>2,186</td><td>193</td><td>263</td><td>107</td><td>370</td><td>174</td></tr><tr><td>July 24 Forward</td><td>3,630</td><td>2,075</td><td>-</td><td>-</td><td>12</td><td>38</td><td>3</td><td>-</td><td>-</td><td>-</td><td>2,113</td><td>220</td><td>16</td><td>1,260</td><td>21</td><td>1,281</td><td>-</td></tr><tr><td>July 31 Spot</td><td>12,531</td><td>8,053</td><td>77</td><td>-</td><td>12</td><td>99</td><td>70</td><td>130</td><td>1,080</td><td>75</td><td>9,596</td><td>1,649</td><td>378</td><td>122</td><td>469</td><td>591</td><td>317</td></tr><tr><td>July 31 Forward</td><td>2,009</td><td>1,069</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>1,083</td><td>714</td><td>-</td><td>77</td><td>135</td><td>212</td><td>-</td></tr><tr><td colspan="18">Sales to customers other than banks:</td></tr><tr><td>July 10 Spot</td><td>10,661</td><td>5,871</td><td>137</td><td>7</td><td>46</td><td>53</td><td>259</td><td>15</td><td>766</td><td>56</td><td>7,210</td><td>1,257</td><td>416</td><td>754</td><td>801</td><td>1,555</td><td>223</td></tr><tr><td>July 10 Forward</td><td>2,870</td><td>1,288</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,288</td><td>1,460</td><td>15</td><td>97</td><td>10</td><td>107</td><td>-</td></tr><tr><td>July 17 Spot</td><td>12,504</td><td>10,413</td><td>70</td><td>163</td><td>37</td><td>100</td><td>249</td><td>28</td><td>272</td><td>108</td><td>11,440</td><td>1,459</td><td>216</td><td>627</td><td>685</td><td>1,312</td><td>77</td></tr><tr><td>July 17 Forward</td><td>4,784</td><td>4,542</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,543</td><td>231</td><td>-</td><td>-</td><td>10</td><td>10</td><td>-</td></tr><tr><td>July 24 Spot</td><td>9,438</td><td>5,363</td><td>8</td><td>146</td><td>62</td><td>95</td><td>58</td><td>4</td><td>635</td><td>61</td><td>6,432</td><td>1,602</td><td>248</td><td>739</td><td>147</td><td>1,036</td><td>70</td></tr><tr><td>July 24 Forward</td><td>1,184</td><td>922</td><td>-</td><td>-</td><td>-</td><td>-</td><td>199</td><td>-</td><td>-</td><td>1</td><td>1,122</td><td>246</td><td>-</td><td>14</td><td>2</td><td>16</td><td>-</td></tr><tr><td>July 31 Spot</td><td>9,544</td><td>5,335</td><td>4</td><td>-</td><td>36</td><td>45</td><td>292</td><td>29</td><td>400</td><td>44</td><td>6,185</td><td>1,593</td><td>290</td><td>697</td><td>695</td><td>1,392</td><td>84</td></tr><tr><td>July 31 Forward</td><td>1,337</td><td>801</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>801</td><td>578</td><td>-</td><td>8</td><td>-</td><td>8</td><td>-</td></tr></table>
50
Outstanding Forward Exchange Contracts as Reported by Banks
and Bankers in the United States during July 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><td></td></tr><tr><td>July 10.........</td><td>146,060</td><td>106,673</td><td>909</td><td>2,397</td><td>-</td><td>145</td><td>8,353</td><td>-</td><td>1,023</td><td>72</td><td>119,572</td><td>15,238</td><td>1,206</td><td>5,497</td><td>4,524</td><td>10,021</td><td>23</td></tr><tr><td>July 17.........</td><td>136,393</td><td>101,607</td><td>883</td><td>2,191</td><td>-</td><td>144</td><td>6,909</td><td>-</td><td>664</td><td>72</td><td>112,469</td><td>15,343</td><td>1,230</td><td>3,986</td><td>3,365</td><td>7,351</td><td>-</td></tr><tr><td>July 24.........</td><td>120,948</td><td>89,982</td><td>886</td><td>2,055</td><td>-</td><td>144</td><td>6,654</td><td>77</td><td>480</td><td>71</td><td>100,349</td><td>12,166</td><td>1,296</td><td>3,883</td><td>3,254</td><td>7,137</td><td>-</td></tr><tr><td>July 31.........</td><td>103,771</td><td>76,722</td><td>842</td><td>2,055</td><td>2</td><td>120</td><td>5,410</td><td>1</td><td>222</td><td>71</td><td>85,445</td><td>11,368</td><td>1,439</td><td>3,357</td><td>2,162</td><td>5,519</td><td>-</td></tr><tr><td>Contracts for purchases from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.........</td><td>46,898</td><td>31,374</td><td>559</td><td>1,230</td><td>-</td><td>27</td><td>1,799</td><td>-</td><td>26</td><td>-</td><td>35,015</td><td>8,569</td><td>834</td><td>419</td><td>2,061</td><td>2,480</td><td>-</td></tr><tr><td>July 17.........</td><td>46,196</td><td>30,443</td><td>552</td><td>1,395</td><td>-</td><td>27</td><td>1,189</td><td>-</td><td>23</td><td>-</td><td>33,629</td><td>9,706</td><td>834</td><td>431</td><td>1,596</td><td>2,027</td><td>-</td></tr><tr><td>July 24.........</td><td>41,713</td><td>28,266</td><td>552</td><td>1,487</td><td>-</td><td>27</td><td>983</td><td>77</td><td>23</td><td>-</td><td>31,415</td><td>7,189</td><td>843</td><td>499</td><td>1,767</td><td>2,266</td><td>-</td></tr><tr><td>July 31.........</td><td>37,529</td><td>25,329</td><td>509</td><td>1,487</td><td>2</td><td>22</td><td>1,034</td><td>-</td><td>23</td><td>-</td><td>28,406</td><td>6,981</td><td>843</td><td>345</td><td>954</td><td>1,299</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><td></td></tr><tr><td>July 10.........</td><td>99,162</td><td>75,299</td><td>350</td><td>1,167</td><td>-</td><td>118</td><td>6,554</td><td>-</td><td>997</td><td>72</td><td>84,557</td><td>6,669</td><td>372</td><td>5,078</td><td>2,463</td><td>7,541</td><td>23</td></tr><tr><td>July 17.........</td><td>90,197</td><td>71,164</td><td>331</td><td>796</td><td>-</td><td>117</td><td>5,720</td><td>-</td><td>641</td><td>71</td><td>78,840</td><td>5,637</td><td>396</td><td>3,555</td><td>1,769</td><td>5,324</td><td>-</td></tr><tr><td>July 24.........</td><td>79,235</td><td>61,716</td><td>334</td><td>568</td><td>-</td><td>117</td><td>5,671</td><td>-</td><td>457</td><td>71</td><td>68,934</td><td>4,977</td><td>453</td><td>3,384</td><td>1,487</td><td>4,871</td><td>-</td></tr><tr><td>July 31.........</td><td>66,242</td><td>51,393</td><td>333</td><td>568</td><td>-</td><td>98</td><td>4,376</td><td>1</td><td>199</td><td>71</td><td>57,039</td><td>4,387</td><td>596</td><td>3,012</td><td>1,208</td><td>4,220</td><td>-</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.........</td><td>148,831</td><td>106,597</td><td>615</td><td>2,858</td><td>-</td><td>160</td><td>10,016</td><td>96</td><td>1,379</td><td>14</td><td>121,735</td><td>14,846</td><td>1,754</td><td>7,356</td><td>3,117</td><td>10,473</td><td>23</td></tr><tr><td>July 17.........</td><td>144,897</td><td>105,502</td><td>562</td><td>2,604</td><td>-</td><td>160</td><td>9,049</td><td>84</td><td>1,112</td><td>13</td><td>119,086</td><td>14,595</td><td>1,797</td><td>6,997</td><td>2,422</td><td>9,419</td><td>-</td></tr><tr><td>July 24.........</td><td>126,741</td><td>91,116</td><td>543</td><td>2,339</td><td>-</td><td>145</td><td>8,944</td><td>130</td><td>745</td><td>13</td><td>103,975</td><td>11,308</td><td>1,781</td><td>7,303</td><td>2,374</td><td>9,677</td><td>-</td></tr><tr><td>July 31.........</td><td>107,118</td><td>75,901</td><td>515</td><td>2,339</td><td>2</td><td>140</td><td>7,057</td><td>146</td><td>381</td><td>13</td><td>86,394</td><td>10,642</td><td>1,863</td><td>6,412</td><td>1,807</td><td>8,219</td><td>-</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July 10.........</td><td>50,159</td><td>30,489</td><td>25</td><td>2,133</td><td>-</td><td>1</td><td>2,512</td><td>83</td><td>672</td><td>-</td><td>35,915</td><td>8,203</td><td>1,486</td><td>3,009</td><td>1,523</td><td>4,532</td><td>23</td></tr><tr><td>July 17.........</td><td>42,691</td><td>29,549</td><td>8</td><td>2,078</td><td>-</td><td>-</td><td>2,458</td><td>71</td><td>572</td><td>-</td><td>34,736</td><td>2,562</td><td>1,521</td><td>3,009</td><td>863</td><td>3,872</td><td>-</td></tr><tr><td>July 24.........</td><td>38,834</td><td>26,215</td><td>7</td><td>2,028</td><td>-</td><td>-</td><td>2,541</td><td>40</td><td>388</td><td>-</td><td>31,219</td><td>2,157</td><td>1,496</td><td>3,204</td><td>758</td><td>3,962</td><td>-</td></tr><tr><td>July 31.........</td><td>34,196</td><td>22,462</td><td>20</td><td>2,028</td><td>-</td><td>-</td><td>2,541</td><td>45</td><td>169</td><td>-</td><td>27,265</td><td>2,127</td><td>1,583</td><td>2,607</td><td>614</td><td>3,221</td><td>-</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><td></td></tr><tr><td>July 10.........</td><td>98,672</td><td>76,108</td><td>590</td><td>725</td><td>-</td><td>159</td><td>7,504</td><td>13</td><td>707</td><td>14</td><td>85,820</td><td>6,643</td><td>268</td><td>4,347</td><td>1,594</td><td>5,941</td><td>-</td></tr><tr><td>July 17.........</td><td>102,206</td><td>75,953</td><td>554</td><td>526</td><td>-</td><td>160</td><td>6,591</td><td>13</td><td>540</td><td>13</td><td>84,350</td><td>12,033</td><td>276</td><td>3,988</td><td>1,559</td><td>5,547</td><td>-</td></tr><tr><td>July 24.........</td><td>87,907</td><td>64,901</td><td>536</td><td>311</td><td>-</td><td>145</td><td>6,403</td><td>90</td><td>357</td><td>13</td><td>72,756</td><td>9,151</td><td>285</td><td>4,099</td><td>1,616</td><td>5,715</td><td>-</td></tr><tr><td>July 31.........</td><td>72,922</td><td>53,439</td><td>495</td><td>311</td><td>2</td><td>140</td><td>4,516</td><td>1</td><td>212</td><td>13</td><td>59,129</td><td>8,515</td><td>280</td><td>3,805</td><td>1,193</td><td>4,998</td><td>-</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers
in the United States for July 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>Nether-lands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>July 10.</td><td>-13,573</td><td>-1,504</td><td>-324</td><td>-1,818</td><td>-19</td><td>-241</td><td>-3,801</td><td>-545</td><td>-250</td><td>-768</td><td>-9,270</td><td>+505</td><td>-356</td><td>-3,411</td><td>-1,068</td><td>-1,479</td><td>+27</td></tr><tr><td>July 17.</td><td>-13,041</td><td>-1,032</td><td>-373</td><td>-1,729</td><td>-24</td><td>-301</td><td>-3,909</td><td>-581</td><td>-70</td><td>-822</td><td>-8,811</td><td>+765</td><td>-328</td><td>-3,509</td><td>-1,167</td><td>-1,676</td><td>+39</td></tr><tr><td>July 24.</td><td>-12,722</td><td>-803</td><td>-407</td><td>-1,568</td><td>-11</td><td>-353</td><td>-3,776</td><td>-513</td><td>-291</td><td>-765</td><td>-8,487</td><td>+925</td><td>-272</td><td>-3,809</td><td>-1,139</td><td>-1,948</td><td>+60</td></tr><tr><td>July 31.</td><td>-12,260</td><td>-1,192</td><td>-441</td><td>-1,556</td><td>-13</td><td>-335</td><td>-3,253</td><td>-499</td><td>-162</td><td>-783</td><td>-8,234</td><td>+831</td><td>-248</td><td>-3,658</td><td>-998</td><td>-1,056</td><td>+47</td></tr></table>
OTHER MONETARY STATISTICS
— 51 —
52
Gold Assets and Liabilities of the Treasury
(Ia millora of dollars)
<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>Stabilisation Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1939-Sept.</td><td>16,931.5</td><td>14,749.7</td><td>156.0</td><td>1,800.0</td><td>225.7</td></tr><tr><td>Oct.</td><td>17,091.1</td><td>14,908.4</td><td>156.0</td><td>1,800.0</td><td>226.7</td></tr><tr><td>Nov.</td><td>17,358.3</td><td>15,045.9</td><td>156.0</td><td>1,800.0</td><td>356.4</td></tr><tr><td>Dec.</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1940-Jan.</td><td>17,931.0</td><td>15,630.6</td><td>156.0</td><td>1,800.0</td><td>344.4</td></tr><tr><td>Feb.</td><td>18,117.5</td><td>15,881.5</td><td>156.0</td><td>1,800.0</td><td>340.0</td></tr><tr><td>Mar.</td><td>18,432.8</td><td>16,143.8</td><td>156.0</td><td>1,800.0</td><td>333.0</td></tr><tr><td>Apr.</td><td>18,769.9</td><td>16,495.2</td><td>156.0</td><td>1,800.0</td><td>318.7</td></tr><tr><td>May</td><td>19,208.9</td><td>17,061.6</td><td>156.0</td><td>1,800.0</td><td>191.3</td></tr><tr><td>June.</td><td>19,953.1</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><tr><td>Aug.</td><td>20,912.7</td><td>18,683.8</td><td>156.0</td><td>1,800.0</td><td>272.9</td></tr><tr><td>Sept.</td><td>21,244.4</td><td>19,005.9</td><td>156.0</td><td>1,800.0</td><td>282.4</td></tr></table>
Source: Daily Treasury Statement.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in the Gold Certificate Fund -- Board of Governors, Federal Reserve System, and in the Redemption Fund -- Federal Reserve notes.
2/ Reserve against United States notes and Treasury notes of 1890.
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)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>France</th><th>Nether- lands</th><th>Switser- land</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel- gium</th><th>British India</th><th>Aus- tralia</th><th>Philip- pine Islands</th><th>Colombia</th><th>Chile</th><th>Pern</th><th>China 1/</th><th>All other</th><th>Total net imports or net exports (-)</th></tr><tr><td>1934</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936</td><td>174.1</td><td>573.7</td><td>71.0</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,116.6</td></tr><tr><td>1937</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.8</td><td>34.7</td><td>25.4</td><td>18.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1939</td><td>1,826.4</td><td>3.8</td><td>341.6</td><td>87.0</td><td>613.0</td><td>33.6</td><td>165.6</td><td>165.2</td><td>53.3</td><td>74.3</td><td>35.6</td><td>23.2</td><td>10.1</td><td>5.3</td><td>28.1</td><td>108.1</td><td>3,574.2</td></tr><tr><td>1939-Sept.</td><td>162.4</td><td>.1</td><td>-</td><td>1.5</td><td>120.8</td><td>.7</td><td>16.4</td><td>-</td><td>4.1</td><td>5.5</td><td>3.9</td><td>2.1</td><td>.8</td><td>1.4</td><td>5.2</td><td>1.2</td><td>326.1</td></tr><tr><td>Oct.</td><td>10.2</td><td>-</td><td>3.0</td><td>-</td><td>9.9</td><td>1.8</td><td>12.5</td><td>-</td><td>2.7</td><td>8.4</td><td>3.2</td><td>-</td><td>1.0</td><td>.8</td><td>4.1</td><td>12.1</td><td>69.7</td></tr><tr><td>Nov.</td><td>18.6</td><td>-</td><td>8.8</td><td>3.0</td><td>65.1</td><td>3.4</td><td>9.5</td><td>-</td><td>10.1</td><td>12.5</td><td>2.6</td><td>2.1</td><td>.7</td><td>.2</td><td>4.6</td><td>26.8</td><td>168.0</td></tr><tr><td>Dec.</td><td>10.4</td><td>-</td><td>31.5</td><td>5.1</td><td>308.8</td><td>4.0</td><td>20.1</td><td>-</td><td>7.6</td><td>6.5</td><td>2.6</td><td>2.1</td><td>1.2</td><td>.4</td><td>3.0</td><td>47.9</td><td>451.2</td></tr><tr><td>1940-Jan.</td><td>23.9</td><td>-</td><td>30.4</td><td>1.2</td><td>52.7</td><td>2.6</td><td>37.7</td><td>-</td><td>9.7</td><td>6.2</td><td>3.4</td><td>-</td><td>1.3</td><td>.4</td><td>5.5</td><td>61.4</td><td>236.4</td></tr><tr><td>Feb.</td><td>21.3</td><td>-</td><td>16.2</td><td>13.9</td><td>46.9</td><td>2.0</td><td>4.9</td><td>1.0</td><td>6.7</td><td>4.2</td><td>1.9</td><td>-</td><td>.7</td><td>1.5</td><td>1.0</td><td>79.2</td><td>201.4</td></tr><tr><td>Mar.</td><td>35.3</td><td>-</td><td>.3</td><td>28.9</td><td>249.9</td><td>2.2</td><td>5.8</td><td>-</td><td>11.8</td><td>7.4</td><td>4.1</td><td>2.1</td><td>.7</td><td>.4</td><td>3.1</td><td>107.8</td><td>459.8</td></tr><tr><td>Apr.</td><td>43.6</td><td>-</td><td>3.3</td><td>32.6</td><td>55.0</td><td>2.4</td><td>4.7</td><td>-</td><td>3.1</td><td>3.4</td><td>3.4</td><td>2.1</td><td>1.2</td><td>.5</td><td>1.7</td><td>92.9</td><td>249.9</td></tr><tr><td>May.</td><td>62.0</td><td>-</td><td>9.4</td><td>11.5</td><td>281.2</td><td>2.3</td><td>4.7</td><td>-</td><td>4.3</td><td>5.2</td><td>2.4</td><td>2.1</td><td>1.2</td><td>1.5</td><td>4.0</td><td>43.3</td><td>435.1</td></tr><tr><td>June.</td><td>128.0</td><td>241.6</td><td>3.7</td><td>2.1</td><td>716.7</td><td>4.2</td><td>3.4</td><td>-</td><td>2.4</td><td>6.6</td><td>3.9</td><td>2.1</td><td>.3</td><td>.6</td><td>1.5</td><td>45.9</td><td>1,163.0</td></tr><tr><td>July.</td><td>301.7</td><td>-</td><td>-</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>26.2</td><td>520.0</td></tr><tr><td>Aug.</td><td>10.8</td><td>-</td><td>-</td><td>-</td><td>264.3</td><td>10.3</td><td>-</td><td>-</td><td>1.0</td><td>6.7</td><td>3.7</td><td>4.5</td><td>.9</td><td>.5</td><td>3.8</td><td>45.1</td><td>351.6</td></tr><tr><td>Sept.</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>217.6</td><td>.5</td><td>13.2</td><td>-</td><td>.5</td><td>14.6</td><td>3.8</td><td>2.3</td><td>1.1</td><td>1.1</td><td>2.7</td><td>73.0</td><td>334.1</td></tr></table>
Source: U. S. Department of Commerce. 1/ Includes Hong Kong.
Treasury Gold Receipts
(In millions of dollars at $35 per fine ounce)
<table><tr><th></th><th>Newly-mined domestic gold</th><th>Gold received by importation or released for exportation (-) 1/</th><th>Miscellaneous 2/</th><th>Total</th></tr><tr><td>1937 - Jan.-Mar.</td><td>32.93</td><td>277.22</td><td>6.00</td><td>316.15</td></tr><tr><td>Apr.-June</td><td>36.46</td><td>691.37</td><td>16.61</td><td>744.44</td></tr><tr><td>July-Sept.</td><td>45.85</td><td>371.80</td><td>4.40</td><td>422.05</td></tr><tr><td>Oct.-Dec.</td><td>45.61</td><td>-30.80</td><td>4.95</td><td>19.76</td></tr><tr><td>1938 - Jan.-Mar.</td><td>38.23</td><td>-7.67</td><td>3.83</td><td>34.39</td></tr><tr><td>Apr.-June</td><td>40.42</td><td>124.59</td><td>3.54</td><td>168.55</td></tr><tr><td>July-Sept.</td><td>47.22</td><td>743.96</td><td>5.25</td><td>796.43</td></tr><tr><td>Oct.-Dec.</td><td>49.12</td><td>701.00</td><td>1.75</td><td>751.87</td></tr><tr><td>1939 - Jan.-Mar.</td><td>44.40</td><td>699.30</td><td>3.31</td><td>747.01</td></tr><tr><td>Apr.-June</td><td>43.69</td><td>804.96</td><td>3.11</td><td>851.76</td></tr><tr><td>July-Sept.</td><td>52.34</td><td>765.95</td><td>3.24</td><td>821.53</td></tr><tr><td>Oct.-Dec.</td><td>51.62</td><td>657.47</td><td>2.84</td><td>711.93</td></tr><tr><td>1940 - Jan.-Mar.</td><td>46.77</td><td>739.62</td><td>2.93</td><td>789.32</td></tr><tr><td>Apr.-June</td><td>46.37</td><td>1,480.79</td><td>3.14</td><td>1,530.30</td></tr><tr><td>July-Sept.</td><td>52.27</td><td>1,225.88</td><td>3.16</td><td>1,281.31</td></tr></table>
1/ Includes gold released from earmark or gold placed under earmark.
2/ Comprises domestic coin, secondary gold, etc.
MONETARY STOCKS OF GOLD AND SILVER IN U.S.
Gold per Ounce $35.00; Silver per Ounce $1.29
53
54
Monetary Stocks of Gold and Silver
(in millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29* per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</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-Sept.</td><td>16,931.5</td><td>3,709.8</td><td>18.0</td></tr><tr><td>Oct.</td><td>17,091.4</td><td>3,733.7</td><td>17.9</td></tr><tr><td>Nov.</td><td>17,358.5</td><td>3,762.0</td><td>17.8</td></tr><tr><td>Dec.</td><td>17,643.6</td><td>3,790.2</td><td>17.7</td></tr><tr><td>1940-Jan.</td><td>17,931.0</td><td>3,817.6</td><td>17.6</td></tr><tr><td>Feb.</td><td>18,177.0</td><td>3,850.7</td><td>17.5</td></tr><tr><td>Mar.</td><td>18,433.1</td><td>3,873.1</td><td>17.4</td></tr><tr><td>Apr.</td><td>18,769.9</td><td>3,901.6</td><td>17.2</td></tr><tr><td>May</td><td>19,208.9</td><td>3,924.6</td><td>17.0</td></tr><tr><td>June.</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>July.</td><td>20,462.5</td><td>3,963.7</td><td>16.2</td></tr><tr><td>Aug.</td><td>20,912.8</td><td>3,982.6</td><td>16.0</td></tr><tr><td>Sept.</td><td>21,244.4 p</td><td>3,992.3 p</td><td>15.8 p</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p. Preliminary.
Components of Silver Monetary Stock
(In millions of dollars)
<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 rowspan="2">Silver dollars 1/</th><th rowspan="2">Subsidiary coin 2/</th></tr><tr><th>Silver bullion</th><th>Silver dollars</th><th>Subsidiary coin 2/</th><th>Bullion for recoinage 2/</th><th>Bullion at cost</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-Sept.</td><td>1,266.7</td><td>500.9</td><td>3.7</td><td>-</td><td>605.0</td><td>46.2</td><td>382.8</td><td>3,709.8</td></tr><tr><td>Oct.</td><td>1,277.8</td><td>500.7</td><td>4.8</td><td>.1</td><td>608.1</td><td>46.4</td><td>384.8</td><td>3,733.7</td></tr><tr><td>Nov.</td><td>1,287.6</td><td>500.1</td><td>4.9</td><td>.1</td><td>612.4</td><td>46.9</td><td>389.5</td><td>3,762.0</td></tr><tr><td>Dec.</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940-Jan.</td><td>1,308.3</td><td>499.0</td><td>6.6</td><td>.1</td><td>621.8</td><td>48.0</td><td>393.5</td><td>3,817.6</td></tr><tr><td>Feb.</td><td>1,318.8</td><td>498.9</td><td>7.7</td><td>.2</td><td>627.9</td><td>48.2</td><td>393.2</td><td>3,850.7</td></tr><tr><td>Mar.</td><td>1,329.2</td><td>498.7</td><td>7.2</td><td>.5</td><td>631.6</td><td>48.4</td><td>393.5</td><td>3,873.1</td></tr><tr><td>Apr.</td><td>1,339.2</td><td>498.7</td><td>6.7</td><td>.7</td><td>636.8</td><td>48.4</td><td>393.8</td><td>3,901.6</td></tr><tr><td>May</td><td>1,347.2</td><td>498.3</td><td>5.6</td><td>.5</td><td>640.8</td><td>48.8</td><td>396.0</td><td>3,924.8</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>49.2</td><td>401.0</td><td>3,963.7</td></tr><tr><td>Aug.</td><td>1,368.3</td><td>497.5</td><td>6.4</td><td>-</td><td>648.8</td><td>49.5</td><td>402.6</td><td>3,982.6</td></tr><tr><td>Sept.p</td><td>1,373.4</td><td>497.1</td><td>4.3</td><td>.1</td><td>651.4</td><td>49.5</td><td>402.6</td><td>3,992.3</td></tr></table>
Sources: Daily Treasury Statement and Circulation Statement of United States Money. 1/ Valued at $1.29+ per ounce. 2/ Valued at $1.36+ per ounce. p Preliminary.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions of ounces or dollars)
<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-Sept.</td><td>3.0</td><td>2.0</td><td>-</td><td>-</td><td>17.8</td><td>7.7</td><td>20.8</td><td>9.7</td></tr><tr><td>Oot..</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>11.1</td><td>4.7</td><td>19.2</td><td>8.5</td></tr><tr><td>Aug..</td><td>4.3</td><td>3.0</td><td>-</td><td>-</td><td>10.4</td><td>3.6</td><td>14.6</td><td>6.7</td></tr><tr><td>Sept.</td><td>4.7</td><td>3.4</td><td>-</td><td>-</td><td>10.3</td><td>3.6</td><td>15.0</td><td>7.0</td></tr></table>
1/ Acquired at 64.64+ cents per fine ounce until April 9, 1935; at 71.11+ cents per fine ounce from that date until April 23, 1935; at 77.57+ cents from April 23, 1935 to December 31, 1937; at 64.64+ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11+ cents since July 1, 1939.
2/ Acquired at 50.01 cents per fine ounce. Exec. Proo. of August 9, 1934, repealed April 28, 1938.
3/ Acquired at various prices averaging approximately 51 cents per ounce.
55
Seigniorage on Silver
Cumulative - In millions of dollars
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver and minor coins</th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Heavily-minted silver (Proc. Dec. 21, 1933)</th><th>Heavily-minted silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalised silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in General Fund</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>132.6</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>274.9</td></tr><tr><td>1936</td><td>40.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</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>758.5</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><tr><td>Aug.</td><td>103.3</td><td>48.7</td><td>87.6</td><td>17.2</td><td>555.8</td><td>34.7</td><td>744.0</td><td>1,031.0</td></tr><tr><td>Sept.</td><td>107.3</td><td>48.7</td><td>87.6</td><td>18.5</td><td>557.2</td><td>34.7</td><td>746.7</td><td>1,040.1</td></tr></table>
Baile: Daily Treasury Statements.
1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates.
Silver Production, by Leading Countries
(In thousands of fine ounces)
<table><tr><th>Calendar year or month</th><th>Total for world</th><th colspan="5">American countries</th><th colspan="7">All other countries</th></tr><tr><th></th><th></th><th>United States</th><th>Canada 1/</th><th>Mexico</th><th>Peru</th><th>Other</th><th>Total 2/</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India 4/</th><th>Other Asia</th><th>Africa</th></tr><tr><td>1933</td><td>169,159</td><td>22,821</td><td>16,395</td><td>68,101</td><td>6,761</td><td>10,819</td><td>44,261</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></tr><tr><td>1934</td><td>190,398</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>45,730</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></tr><tr><td>1935</td><td>220,704</td><td>45,613</td><td>17,743</td><td>75,589</td><td>17,433</td><td>12,788</td><td>51,538</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></tr><tr><td>1936</td><td>253,696</td><td>63,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>56,858</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></tr><tr><td>1937</td><td>274,538</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,708</td><td>61,725</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></tr><tr><td>1938</td><td>267,933</td><td>61,689</td><td>23,826</td><td>81,019</td><td>20,424</td><td>16,153</td><td>64,823</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></tr><tr><td>1939</td><td>267,343</td><td>63,872</td><td>24,538</td><td>75,869</td><td>18,802</td><td>17,461</td><td>66,801</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></tr><tr><td>1939-Aug.</td><td>22,522</td><td>4,226</td><td>2,703</td><td>6,971</td><td>1,600</td><td>1,675</td><td>5,347</td><td>1,900</td><td>1,220</td><td>875</td><td>480</td><td>400</td><td>472</td></tr><tr><td>Sept.</td><td>23,634</td><td>5,145</td><td>2,679</td><td>6,857</td><td>1,670</td><td>1,700</td><td>5,583</td><td>1,900</td><td>1,443</td><td>875</td><td>475</td><td>425</td><td>465</td></tr><tr><td>Oct.</td><td>24,426</td><td>4,874</td><td>2,913</td><td>7,931</td><td>1,450</td><td>1,700</td><td>5,558</td><td>1,900</td><td>1,388</td><td>875</td><td>470</td><td>450</td><td>475</td></tr><tr><td>Nov.</td><td>22,193</td><td>5,113</td><td>1,898</td><td>6,539</td><td>1,350</td><td>1,700</td><td>5,593</td><td>1,900</td><td>1,370</td><td>875</td><td>475</td><td>450</td><td>523</td></tr><tr><td>Dec.</td><td>22,494</td><td>5,716</td><td>1,920</td><td>6,210</td><td>1,350</td><td>1,700</td><td>5,598</td><td>1,900</td><td>1,350</td><td>875</td><td>480</td><td>450</td><td>543</td></tr><tr><td>1940-Jan.</td><td>23,452</td><td>4,852</td><td>1,653</td><td>8,128</td><td>1,550</td><td>1,725</td><td>5,544</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Feb.</td><td>22,088</td><td>5,611</td><td>1,690</td><td>6,785</td><td>1,250</td><td>1,650</td><td>5,102</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar.</td><td>22,501</td><td>5,744</td><td>1,786</td><td>5,723</td><td>2,000</td><td>1,644</td><td>5,604</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr.</td><td>24,785</td><td>6,120</td><td>1,770</td><td>8,140</td><td>1,500</td><td>1,649</td><td>5,606</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May.</td><td>22,169</td><td>5,840</td><td>1,997</td><td>5,619</td><td>1,600</td><td>1,504</td><td>5,609</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June.</td><td>23,423</td><td>5,373</td><td>3,096</td><td>6,511</td><td>1,400</td><td>1,437</td><td>5,606</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July.</td><td>5/</td><td>5,530</td><td>5/</td><td>6,861</td><td>1,500</td><td>5/</td><td>5/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug.</td><td>5/</td><td>4,419</td><td>5/</td><td>5/</td><td>1,500</td><td>5/</td><td>5/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Annual Report of the Director of the Mint for annual figures through 1938; releases of American Bureau of Metal Statistics for all later figures. 
1/ Includes Newfoundland.
2/ Monthly breakdown not available after December 1939.
3/ Includes Chosen and Taiwan. Figures for 1939 have been carried forward on an estimated basis.
4/ Monthly figures and 1939 total are for "Burma, refined silver", only.
5/ Not yet reported.
56
Net Movement of Silver to and from the United States
(In thousands of dollars)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>381</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 1/</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,381</td><td>2,858</td></tr><tr><td>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>31,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>1939-Sept.</td><td>-584</td><td>-93</td><td>786</td><td>2,326</td><td>15</td><td>124</td><td>548</td><td>123</td></tr><tr><td>Oct.</td><td>-1,430</td><td>-97</td><td>503</td><td>2,607</td><td>3</td><td>134</td><td>597</td><td>284</td></tr><tr><td>Nov.</td><td>-135</td><td>-157</td><td>596</td><td>2,382</td><td>7</td><td>-3</td><td>344</td><td>336</td></tr><tr><td>Dec.</td><td>-90</td><td>-409</td><td>508</td><td>2,263</td><td>-</td><td>71</td><td>447</td><td>135</td></tr><tr><td>1940-Jan.</td><td>14</td><td>-105</td><td>751</td><td>2,539</td><td>4</td><td>-5</td><td>400</td><td>523</td></tr><tr><td>Feb.</td><td>3</td><td>-134</td><td>647</td><td>2,322</td><td>-</td><td>11</td><td>457</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>14</td><td>452</td><td>2,294</td><td>-</td><td>234</td><td>438</td><td>170</td></tr><tr><td>June.</td><td>69</td><td>-19</td><td>816</td><td>1,713</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><tr><td>Aug.</td><td>13</td><td>4</td><td>699</td><td>1,103</td><td>-</td><td>72</td><td>395</td><td>145</td></tr><tr><td>Sept.</td><td>35</td><td>1</td><td>372</td><td>1,803</td><td>4</td><td>102</td><td>652</td><td>141</td></tr></table>
<table><tr><th>Calendar year or month</th><th>British India</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>-303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 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-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>1,499</td><td>-</td><td>-</td><td>437</td><td>113</td><td>153</td><td>5,363</td></tr><tr><td>Aug.</td><td>-156</td><td>-</td><td>-</td><td>1,410</td><td>94</td><td>149</td><td>3,927</td></tr><tr><td>Sept.</td><td>-71</td><td>-</td><td>396</td><td>861</td><td>75</td><td>146</td><td>4,517</td></tr></table>
Source: U. S. Department of Commerce. 1/ Includes net import of $12,950,000 from France. 2/ Includes net import of $9,791,000 from Siam.
Value of Selected Currencies in Terms of Gold
(1928 average of daily quotations = 100)
<table><tr><th>Monthly average of daily quotatione</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Nether-lande</th><th>Switzer-land</th><th>Belgium</th><th>Japan</th><th>Italy</th><th>China 1/</th></tr><tr><td>1931-Dec.</td><td>100</td><td>69</td><td>100</td><td>100</td><td>101</td><td>100</td><td>87</td><td>97</td><td>53</td></tr><tr><td>1932-Dec.</td><td>100</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>42</td><td>97</td><td>43</td></tr><tr><td>1933-Dec.</td><td>64</td><td>67</td><td>100</td><td>100</td><td>100</td><td>100</td><td>39</td><td>100</td><td>47</td></tr><tr><td>1934-Dec.</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>100</td><td>34</td><td>96</td><td>45</td></tr><tr><td>1935-Dec.</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>72</td><td>34</td><td>91</td><td>39</td></tr><tr><td>1936-Dec.</td><td>59</td><td>60</td><td>70</td><td>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>1940-Jan.</td><td>59</td><td>48</td><td>34</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>10</td></tr><tr><td>Feb.</td><td>59</td><td>48</td><td>34</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>9</td></tr><tr><td>Mar.</td><td>59</td><td>46</td><td>32</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>8</td></tr><tr><td>Apr.</td><td>59</td><td>43</td><td>30</td><td>78</td><td>69</td><td>72</td><td>28</td><td>57</td><td>8</td></tr><tr><td>May.</td><td>59</td><td>40</td><td>28</td><td>78 2/</td><td>68</td><td>71 2/</td><td>28</td><td>57</td><td>7</td></tr><tr><td>June.</td><td>59</td><td>44</td><td>30 2/</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><tr><td>Aug.</td><td>59</td><td>48</td><td>-</td><td>-</td><td>70</td><td>-</td><td>28</td><td>57</td><td>7</td></tr><tr><td>Sept.</td><td>59</td><td>49</td><td>-</td><td>-</td><td>70</td><td>-</td><td>28</td><td>57</td><td>7</td></tr></table>
1/ Average of daily quotations for January 1928 = 100.
2/ Average of daily quotations for May 1 - 10. No quotations available thereafter.
3/ Average of daily quotations for June 1 - 16. No quotations available thereafter.
57
Balance Sheet of the Exchange Stabilization Fund As of June 30, 1939 and June 30, 1940
<table><tr><th>ASSETS:</th><th>June 30, 1939</th><th>June 30, 1940</th></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S. Gold</td><td>$1,800,000,000.00</td><td>$1,800,000,000.00</td></tr><tr><td>Treasurer of the U. S.</td><td></td><td></td></tr><tr><td>Checking Account</td><td>1,598,137.07</td><td>1,564,334.28</td></tr><tr><td>Federal Reserve Bank of New York Special Account</td><td>104,567,674.90</td><td>127,198,969.35</td></tr><tr><td>Disbursing Officers' Balances and Advance Accounts</td><td>3,185.31</td><td>11,072.26</td></tr><tr><td></td><td>$1,906,168,997.28</td><td>$1,928,774,375.89</td></tr><tr><td>Special Accounts of Secretary of the Treasury in Federal Reserve Bank of N. Y.:</td><td></td><td></td></tr><tr><td>Special Account No. 1 (Gold) 1/</td><td>84,635,422.59</td><td>86,020,180.63</td></tr><tr><td>Due from Foreign Banks (foreign exchange):</td><td></td><td></td></tr><tr><td>France</td><td>81,49</td><td>17.88</td></tr><tr><td>Belg.</td><td>2,220.34</td><td>505.06</td></tr><tr><td>Sterling</td><td>42,225.04</td><td>2,236.40</td></tr><tr><td>Central Bank of China (secured deposits) 2/</td><td>19,112,500.00</td><td>19,112,500.00</td></tr><tr><td></td><td>19,157,026.87</td><td>19,115,859.34</td></tr><tr><td>Investments - U. S. Government Obligations 1/</td><td>5,026,562.50</td><td>10,448,723.13</td></tr><tr><td>Accrued Interest Receivable 3/</td><td>41,796.88</td><td>9,730.73</td></tr><tr><td>Other Accounts (deferred charges)</td><td>15.00</td><td>6,013.43</td></tr><tr><td>Commodity Sales Contracts (deferred charges)</td><td>2,636.00</td><td>2,636.00</td></tr><tr><td>Total Assets</td><td>$2,015,032,457.12</td><td>$2,044,377,519.15</td></tr><tr><th>LIABILITIES AND CAPITAL:</th><th></th><th></th></tr><tr><td>Capital Account</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td></tr><tr><td>Accounts Payable:</td><td></td><td></td></tr><tr><td>Youchere Payable</td><td></td><td>4,018.05</td></tr><tr><td>Due to Foreign Banks</td><td></td><td>22,845,963.21</td></tr><tr><td></td><td></td><td>22,849,981.26</td></tr><tr><td>Earnings 4/ - less General Expenses 5/</td><td>15,032,457.12</td><td>21,527,537.89</td></tr><tr><td>Total Liabilities and Capital</td><td>$2,015,032,457.12</td><td>$2,044,377,519.15</td></tr></table>
1/ See Schedule 1.
2/ Coolete of 65,229,995.63 yuan as of June 30, 1939 and 65,000,000.00 yuan as of June 30, 1940. Gold held as collateral amounted to $19,379,015.65 both years.
3/ See Schedule 2.
4/ See Schedule 3.
5/ See Schedule 4.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule #1
Location of Gold held by and for account of the Exchange Stabilization Fund
<table><tr><th></th><th colspan="2">June 30, 1939</th><th colspan="2">June 30, 1940</th></tr><tr><th></th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>Cold held by:</td><td></td><td></td><td></td><td></td></tr><tr><td>Federal Reserve Bank of New York</td><td>84,040.992</td><td>2,941,434.71</td><td>462,392.042</td><td>16,183,721.49</td></tr><tr><td>U. S. Assay Office, New York</td><td>2,334,113.939</td><td>81,693,987.88</td><td>1,995,327.406</td><td>69,836,159.14</td></tr><tr><td>Total</td><td>2,418,154.931</td><td>84,635,422.59</td><td>2,457,719.448</td><td>86,020,180.63</td></tr></table>
58
Schedules for Balance Sheet of the Exchange Stabilization Fund (Continued)
Schedule #2
U. S. Government obligations held by the Exchange Stabilisation Fund
<table><tr><th rowspan="2"></th><th colspan="4">June 30, 1939</th><th colspan="4">June 30, 1940</th></tr><tr><th>Face Value</th><th>Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th><th>Face Value</th><th>Cost</th><th>Accrued Interest</th><th>Average rate at which bonds are held</th></tr><tr><td>2-1/4% Treasury bonds of 1951-53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$10,000,000</td><td>$10,000,000.00</td><td>$9,221.31</td><td>100.0000</td></tr><tr><td>2-7/8% Treasury bonds of 1955-60</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td>100.5313</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/4% Treasury bonds of 1958-63</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$50,000</td><td>$49,640.63</td><td>$56.35</td><td>99.2813</td></tr><tr><td>2-3/4% Treasury bonds of 1960-65</td><td>-</td><td>-</td><td>-</td><td>-</td><td>$402,000</td><td>$399,082.50</td><td>$453.07</td><td>99.2743</td></tr><tr><td>Total</td><td>$5,000,000</td><td>$5,026,562.50</td><td>$41,796.88</td><td></td><td>$10,452,000</td><td>$10,448,723.13</td><td>$9,730.73</td><td></td></tr></table>
Schedule #3
Earnings of the Exchange Stabilisation Fund from January 31, 1934 to June 30, 1939 and to June 39, 1940
<table><tr><th></th><th>To June 30, 1939</th><th>To June 30, 1940</th></tr><tr><td>Source:</td><td></td><td></td></tr><tr><td>Profits on British sterling transactions</td><td>$ 316,897.59</td><td>$ 310,494.44</td></tr><tr><td>Profits on French francs transactions</td><td>352,012.49</td><td>351,537.99</td></tr><tr><td>Profits on gold bullion<br>Profits on handling charges on gold</td><td>7,033,105.87</td><td>12,907,527.19</td></tr><tr><td>Profits on silver transactions</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalised)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments</td><td>619,826.17</td><td>1,019,326.18</td></tr><tr><td>Interest on investments</td><td>3,029,137.48</td><td>3,236,149.14</td></tr><tr><td>Miscellaneous profits</td><td>33.30</td><td>473.74</td></tr><tr><td>Interest earned on foreign balances</td><td>56,717.37</td><td>56,717.37</td></tr><tr><td>Interest earned on Chinese yuan</td><td>979,391.63</td><td>1,266,656.11</td></tr><tr><td>Total</td><td>15,965,855.48</td><td>22,726,615.72</td></tr></table>
Schedule 4
Administrative Expenses of the Exchange Stabilisation Fund from Jan. 31, 1934 to June 30, 1939 and to June 30, 1940
<table><tr><th></th><th>To June 30, 1939</th><th>To June 30, 1940</th></tr><tr><td>Salaries</td><td>$549,652.68</td><td>$723,720.40</td></tr><tr><td>Travel</td><td>41,222.12</td><td>47,753.95</td></tr><tr><td>Subsistence</td><td>28,517.24</td><td>35,108.04</td></tr><tr><td>Telephone & telegraph</td><td>220,620.09</td><td>279,656.42</td></tr><tr><td>Stationery, etc.</td><td>12,802.07</td><td>13,811.21</td></tr><tr><td>All other</td><td>80,284.16</td><td>99,027.81</td></tr><tr><td>Total</td><td>$933,338.36</td><td>$1,199,077.83</td></tr></table>
— 59 —
60
Vessels Cleared from the United States, Direct for Foreign Ports,
Classified by Nationality
<table><tr><th></th><th colspan="2">Calendar year</th><th colspan="5">1939</th><th colspan="9">1940</th></tr><tr><th></th><th>1938</th><th>1939</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><th>Aug.</th></tr><tr><td>Grand total</td><td>31,710</td><td>34,192</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>3,437</td><td>4,083</td><td>4,206</td></tr><tr><td>Cleared to Great Lakes ports</td><td>7,423</td><td>7,963</td><td>1,490</td><td>1,083</td><td>914</td><td>961</td><td>192</td><td>21</td><td>27</td><td>25</td><td>308</td><td>998</td><td>1,230</td><td>1,596</td><td>1,705</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>24,287</td><td>26,229</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>2,207</td><td>2,487</td><td>2,501</td></tr><tr><td>American vessels</td><td>7,335</td><td>7,822</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>751</td><td>856</td><td>841</td></tr><tr><td>Foreign vessels</td><td>16,952</td><td>18,407</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>1,456</td><td>1,631</td><td>1,660</td></tr><tr><td>Belgian</td><td>81</td><td>102</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><td>10</td><td>9</td></tr><tr><td>British</td><td>9,052</td><td>9,954</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>843</td><td>1,020</td><td>1,061</td></tr><tr><td>Danish</td><td>520</td><td>604</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><td>1</td><td>-</td></tr><tr><td>Dutch</td><td>525</td><td>653</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>30</td><td>44</td><td>41</td></tr><tr><td>Finland</td><td>45</td><td>85</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><td>14</td><td>19</td></tr><tr><td>French</td><td>322</td><td>285</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><td>2</td><td>1</td></tr><tr><td>German</td><td>566</td><td>334</td><td>45</td><td>-</td><td>-</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>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><td>27</td><td>33</td></tr><tr><td>Honduran</td><td>639</td><td>699</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><td>78</td><td>75</td></tr><tr><td>Italian</td><td>304</td><td>278</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><td>1</td><td>-</td></tr><tr><td>Japanese</td><td>679</td><td>793</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>83</td><td>63</td><td>62</td></tr><tr><td>Nicaraguan</td><td>84</td><td>149</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><td>10</td><td>9</td></tr><tr><td>Norwegian</td><td>2,858</td><td>2,744</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>180</td><td>188</td><td>176</td></tr><tr><td>Panamanian</td><td>403</td><td>580</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>55</td><td>67</td><td>56</td></tr><tr><td>Swedish</td><td>386</td><td>467</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><td>31</td><td>33</td></tr><tr><td>Other flags</td><td>320</td><td>433</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>76</td><td>75</td><td>85</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="6">1939</th><th colspan="9">1940</th></tr><tr><th>1938</th><th>1939</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><th>Aug.</th></tr><tr><td>Grand total</td><td>71,286</td><td>70,306</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>5,910</td><td>6,335</td><td>6,330</td></tr><tr><td>Cleared to Great Lakes ports</td><td>12,181</td><td>12,030</td><td>1,640</td><td>1,640</td><td>1,714</td><td>2,025</td><td>341</td><td>65</td><td>87</td><td>81</td><td>667</td><td>1,674</td><td>2,003</td><td>2,125</td><td>2,098</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>59,105</td><td>58,276</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>3,907</td><td>4,210</td><td>4,232</td></tr><tr><td>American vessels</td><td>15,560</td><td>14,869</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>1,481</td><td>1,548</td><td>1,531</td></tr><tr><td>Foreign vessels</td><td>43,545</td><td>43,407</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>2,426</td><td>2,662</td><td>2,701</td></tr><tr><td>Belgian</td><td>289</td><td>371</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><td>39</td><td>30</td></tr><tr><td>British</td><td>16,147</td><td>14,904</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>837</td><td>1,017</td><td>1,121</td></tr><tr><td>Danish</td><td>1,324</td><td>1,480</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><td>3</td><td>-</td></tr><tr><td>Dutch</td><td>2,449</td><td>2,968</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>98</td><td>129</td><td>126</td></tr><tr><td>Finnish</td><td>95</td><td>137</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><td>21</td><td>28</td></tr><tr><td>French</td><td>2,350</td><td>1,922</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><td>8</td><td>2</td></tr><tr><td>German</td><td>3,577</td><td>2,141</td><td>337</td><td>-</td><td>-</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>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><td>85</td><td>99</td></tr><tr><td>Honduran</td><td>946</td><td>914</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><td>100</td><td>102</td></tr><tr><td>Italian</td><td>2,116</td><td>1,982</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><td>3</td><td>-</td></tr><tr><td>Japanese</td><td>3,183</td><td>3,839</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>341</td><td>337</td><td>330</td></tr><tr><td>Nicaraguan</td><td>27</td><td>65</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><td>4</td><td>3</td></tr><tr><td>Norwegian</td><td>7,181</td><td>7,417</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>389</td><td>426</td><td>401</td></tr><tr><td>Panamanian</td><td>1,375</td><td>2,097</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>173</td><td>228</td><td>201</td></tr><tr><td>Swedish</td><td>1,299</td><td>1,454</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><td>103</td><td>82</td></tr><tr><td>Other fleets</td><td>659</td><td>883</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>156</td><td>159</td><td>170</td></tr></table>
61
Vessels Cleared from the United States, Direct for Foreign Ports Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="7">1939</th><th colspan="9">1940</th></tr><tr><th>1938</th><th>1939</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><th>Aug.</th></tr><tr><td>Baltimore....</td><td>553</td><td>679</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><td>61</td><td>66</td></tr><tr><td>Boston.........</td><td>795</td><td>804</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><td>72</td><td>77</td></tr><tr><td>Miami.........</td><td>1,024</td><td>943</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><td>77</td><td>59</td></tr><tr><td>New York.........</td><td>3,844</td><td>3,929</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>328</td><td>325</td><td>358</td></tr><tr><td>Norfolk & Newport News....</td><td>581</td><td>639</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><td>69</td><td>71</td></tr><tr><td>Philadelphia.........</td><td>453</td><td>564</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><td>54</td><td>51</td></tr><tr><td>Savannah.........</td><td>137</td><td>209</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><td>16</td><td>18</td></tr><tr><td>Corpus Christi.........</td><td>255</td><td>275</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><td>9</td><td>9</td></tr><tr><td>Galveston.........</td><td>624</td><td>469</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><td>28</td><td>25</td></tr><tr><td>Houston.........</td><td>546</td><td>542</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><td>27</td><td>24</td></tr><tr><td>Mobile.........</td><td>430</td><td>322</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><td>41</td><td>24</td></tr><tr><td>New Orleans.........</td><td>1,240</td><td>1,156</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><td>99</td><td>90</td></tr><tr><td>Port Arthur.........</td><td>403</td><td>309</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><td>17</td><td>13</td></tr><tr><td>Los Angeles.........</td><td>1,310</td><td>1,392</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><td>86</td><td>85</td></tr><tr><td>Port Angeles, Wash.........</td><td>1,235</td><td>1,437</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><td>188</td><td>183</td></tr><tr><td>San Francisco.........</td><td>551</td><td>530</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><td>39</td><td>41</td></tr><tr><td>Seattle.........</td><td>1,743</td><td>1,682</td><td>184</td><td>149</td><td>135</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><td>199</td><td>182</td></tr><tr><td>Astebula.........</td><td>242</td><td>236</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><td>46</td><td>34</td></tr><tr><td>Buffalo.........</td><td>346</td><td>455</td><td>59</td><td>73</td><td>49</td><td>77</td><td>18</td><td>1</td><td>-</td><td>-</td><td>6</td><td>36</td><td>49</td><td>40</td><td>48</td></tr><tr><td>Detroit.........</td><td>759</td><td>1,013</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><td>200</td><td>170</td></tr><tr><td>Rochester.........</td><td>694</td><td>595</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><td>112</td><td>114</td></tr><tr><td>Toledo.........</td><td>483</td><td>642</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>179</td><td>168</td><td>158</td></tr><tr><td>Other ports.........</td><td>13,462</td><td>15,370</td><td>2,460</td><td>1,772</td><td>1,339</td><td>1,158</td><td>695</td><td>590</td><td>570</td><td>653</td><td>750</td><td>1,251</td><td>1,542</td><td>2,110</td><td>2,306</td></tr><tr><td>Total.........</td><td>31,710</td><td>34,192</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>3,437</td><td>4,083</td><td>4,206</td></tr></table><table><tr><th rowspan="2"></th><th colspan="7">1939</th><th colspan="9">1940</th></tr><tr><th>1938</th><th>1939</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><th>Aug.</th></tr><tr><td>Baltimore....</td><td>1,442</td><td>1,880</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><td>189</td><td>181</td></tr><tr><td>Boston.........</td><td>2,795</td><td>2,530</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><td>155</td><td>187</td></tr><tr><td>Miami.........</td><td>871</td><td>886</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><td>63</td><td>47</td></tr><tr><td>New York.........</td><td>20,861</td><td>19,566</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><td>1,125</td><td>1,254</td></tr><tr><td>Norfolk & Newport News....</td><td>1,506</td><td>1,677</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><td>191</td><td>182</td></tr><tr><td>Philadelphia.........</td><td>1,277</td><td>1,580</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><td>160</td><td>150</td></tr><tr><td>Savannah.........</td><td>389</td><td>554</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><td>51</td><td>59</td></tr><tr><td>Corpus Christi.........</td><td>1,120</td><td>1,258</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><td>44</td><td>38</td></tr><tr><td>Galveston.........</td><td>1,716</td><td>1,354</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>81</td><td>69</td><td>60</td></tr><tr><td>Houston.........</td><td>2,288</td><td>2,230</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><td>104</td><td>90</td></tr><tr><td>Mobile.........</td><td>871</td><td>542</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><td>76</td><td>37</td></tr><tr><td>New Orleans.........</td><td>3,296</td><td>3,071</td><td>277</td><td>238</td><td>331</td><td>260</td><td>264</td><td>314</td><td>273</td><td>255</td><td>216</td><td>264</td><td>237</td><td>268</td><td>236</td></tr><tr><td>Port Arthur.........</td><td>1,583</td><td>1,316</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><td>66</td><td>42</td></tr><tr><td>Los Angeles.........</td><td>5,206</td><td>5,553</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><td>346</td><td>361</td></tr><tr><td>Port Angeles, Wash.........</td><td>932</td><td>889</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><td>143</td><td>148</td></tr><tr><td>San Francisco.........</td><td>2,154</td><td>2,159</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><td>148</td><td>148</td></tr><tr><td>Seattle.........</td><td>3,270</td><td>3,198</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><td>338</td><td>357</td></tr><tr><td>Astebula.........</td><td>691</td><td>601</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><td>162</td><td>114</td></tr><tr><td>Buffalo.........</td><td>545</td><td>985</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><td>94</td><td>111</td></tr><tr><td>Detroit.........</td><td>1,331</td><td>1,538</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><td>269</td><td>262</td></tr><tr><td>Rochester.........</td><td>1,803</td><td>1,407</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><td>187</td><td>237</td></tr><tr><td>Toledo.........</td><td>1,179</td><td>1,368</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><td>291</td><td>263</td></tr><tr><td>Other ports.........</td><td>14,160</td><td>14,164</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><td>1,796</td><td>1,766</td></tr><tr><td>Total.........</td><td>71,286</td><td>70,306</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><td>6,335</td><td>6,330</td></tr></table>
62
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quote period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas through Sept. 28, 1940</th></tr><tr><td>Cattle weighing under 200 pounds each....................</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>97,311</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>30,294</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>5,710</td></tr><tr><td>Cream, fresh or sour....................</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>643</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>7,765,900</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, 19401/</td><td>Pound</td><td>90,000,000</td><td>1,132,000</td></tr><tr><td>Other....................</td><td>12 months from Sept. 15, 19401/</td><td>Pound</td><td>60,000,000</td><td>2,681</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 (other than cigarette leaf tobacco), and scrap tobacco....................</td><td>Calendar year</td><td>Pound (unstemmed equivalent)</td><td>22,000,000</td><td>15,188,682</td></tr><tr><td>Red cedar shingles....................</td><td>Calendar year</td><td>Square</td><td>2,371,544</td><td>2,215,210</td></tr><tr><td>Molasses and sugar syrup, containing soluble nonengar solids equal to more than 6% of total soluble solids....................</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oil:</td><td></td><td></td><td></td><td></td></tr><tr><td>From Venezuela....................</td><td>Calendar year</td><td>Gallon</td><td>1,869,014,616</td><td>1,044,811,792</td></tr><tr><td>From Netherlande and Netherlands Indies....................</td><td>Calendar year</td><td>Gallon</td><td>527,691,192</td><td>471,119,401</td></tr><tr><td>From Colombia....................</td><td>Calendar year</td><td>Gallon</td><td>103,978,560</td><td>15,373,723</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>262,427,997</td></
1/ Preliminary reports show imports during the quota year ended September 14, 1940 of 73,978,284 pounds of white or Irish certified seed potatoes and 35,777,884 pounds of white or Irish potatoes other than certified seed.
2/ The duty-free quota on Philippine sugars applies to 850,000 long tons, of which not more than 50,000 long tons may be refined sugars.
63
Summary of Criminal Cases in the United States District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal Revenue 1/ for the month of August 1940
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>18,327</td><td>3,052</td><td>914</td><td>20,465</td><td>+ 2,138</td></tr><tr><td>Alcohol Tax</td><td>14,760</td><td>2,349</td><td>513</td><td>16,596</td><td>+ 1,836</td></tr><tr><td>Customs</td><td>212</td><td>33</td><td>21</td><td>224</td><td>+ 12</td></tr><tr><td>Narcotics</td><td>1,982</td><td>417</td><td>209</td><td>2,190</td><td>+ 208</td></tr><tr><td>Secret Service</td><td>951</td><td>234</td><td>121</td><td>1,064</td><td>+ 113</td></tr><tr><td>Internal Revenue</td><td>422</td><td>19</td><td>50</td><td>391</td><td>- 31</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>914</td><td>103</td><td>24</td><td>21</td><td>4</td><td>49</td><td>5</td><td>46</td><td>51</td></tr><tr><td>Alcohol Tax.</td><td>513</td><td>62</td><td>33</td><td>25</td><td>1</td><td>59</td><td>2</td><td>39</td><td>41</td></tr><tr><td>Custons 3/.</td><td>21</td><td>-</td><td>29</td><td>-</td><td>9</td><td>38</td><td>19</td><td>43</td><td>62</td></tr><tr><td>Narcotics 3/</td><td>209</td><td>22</td><td>1</td><td>14</td><td>5</td><td>20</td><td>20</td><td>60</td><td>80</td></tr><tr><td>Secret Service 4/</td><td>121</td><td>19</td><td>8</td><td>6</td><td>6</td><td>20</td><td>1</td><td>79</td><td>80</td></tr><tr><td>Internal Revenue...</td><td>50</td><td>-</td><td>22</td><td>38</td><td>24</td><td>84</td><td>-</td><td>16</td><td>16</td></tr></table>
SUBTICES
<table><tr><th>Bureau</th><th>Total convictions</th><th>Percent imprisoned</th><th>Percent prosecuted</th><th>Percent fined</th><th>Average days imprisonment</th><th>Average fine (dollars)</th><th>Total fines (dollars)</th></tr><tr><td>Total</td><td>367</td><td>62</td><td>40</td><td>20</td><td>629</td><td>683</td><td>49,866</td></tr><tr><td>Alcohol</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Tax 5/...</td><td>186</td><td>57</td><td>40</td><td>23</td><td>356</td><td>781</td><td>33,600</td></tr><tr><td>Customs</td><td>13</td><td>62</td><td>46</td><td>23</td><td>1,107</td><td>1,334</td><td>4,002</td></tr><tr><td>Narcotics</td><td>85</td><td>69</td><td>36</td><td>11</td><td>1,019</td><td>1,047</td><td>9,425</td></tr><tr><td>Secret Service</td><td>75</td><td>68</td><td>40</td><td>21</td><td>679</td><td>52</td><td>839</td></tr><tr><td>Internal Revenue</td><td>8</td><td>38</td><td>63</td><td>25</td><td>446</td><td>1,000</td><td>2,000</td></tr></table>
1/ Internal revenue cases are those referred by the Penal Division to the Department of Justice with recommendation for criminal prosecution.
2/ Includes cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions. These cases are not included in calculating percentages.
3/ Cases in which no arrests were made are not included in calculating percentages.
4/ Cases disposed of by luncacy hearings not included in calculating percentages.
5/ Percent probated based on cases in which a suspended or probationary sentence only was imposed.
Treasury Criminal Cases, by Months
Total Alcohol Tax, Customs, Narcotics, Secret Service, Internal Revenue
INVENTORY
<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-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><tr><td>July.</td><td>17,507</td><td>2,602</td><td>1,782</td><td>18,327</td><td>+ 820</td></tr><tr><td>Aug..</td><td>18,327</td><td>3,052</td><td>914</td><td>20,465</td><td>+ 2,138</td></tr></table>
DISPOSITIONS 2/
<table><tr><th rowspan="2">Date</th><th rowspan="2">Number cases closed</th><th rowspan="2">Number cases transferred 3/</th><th colspan="3">Percent released</th><th colspan="3">Percent convicted</th></tr><tr><th>Before 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-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>5</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><tr><td>July.</td><td>1,782</td><td>109</td><td>25</td><td>10</td><td>3</td><td>38</td><td>8</td><td>54</td><td>62</td></tr><tr><td>Aug..</td><td>914</td><td>103</td><td>24</td><td>21</td><td>4</td><td>49</td><td>5</td><td>46</td><td>51</td></tr></table>
STENCKS
<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-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><tr><td>July.</td><td>959</td><td>59</td><td>38</td><td>20</td><td>502</td><td>206</td><td>39,053</td></tr><tr><td>Aug.</td><td>367</td><td>62</td><td>40</td><td>20</td><td>629</td><td>683</td><td>49,866</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 luncy 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.
Treas. U.S. Treasury Dept. HJ 10 Treasury Bulletin A2 1940 c.2
DATE LOANED BORROWER'S NAME PHONE NUMBER 147/45 K. Taylor 8730
U.S. TREASURY LIBRARY