11 eas. HJ 10 A2 c.2
Copy 2
LIBRARY ROOM 5030
JUN 2.1 1972
TREASURY DEPARTMENT
Copy # 4
BULLETIN OF THE TREASURY DEPARTMENT
DECEMBER 1940
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT OFFICE OF THE SECRETARY
BULLETIN
OF THE
TREASURY DEPARTMENT
DECEMBER 1940
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Table of Contents
Page
<table><tr><td>Estimated amount of tax-exempt securities outstanding as of June 30, 1940</td><td>1</td></tr><tr><td colspan="2">Federal Receipts and Expenditures</td></tr><tr><td>Budget receipts and expenditures</td><td>3-6</td></tr><tr><td>Collections of internal revenue</td><td>7-9</td></tr><tr><td>Customs duties and taxes</td><td>10-11</td></tr><tr><td>Social insurance accounts</td><td>12-13</td></tr><tr><td>Cash income and outgo</td><td>14-15</td></tr></table>
Treasury General Fund and Public Debt
<table><tr><td>Composition of the General Fund</td><td>17</td></tr><tr><td>Statement of the outstanding public debt, November 30, 1940</td><td>17</td></tr><tr><td>Holdings of U. S. Government obligations and Government-guaranteed obligations</td><td>18</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts</td><td>18</td></tr><tr><td>Composition of the public debt</td><td>18-19</td></tr><tr><td>Treasury financing operations since July 1, 1937</td><td>20</td></tr><tr><td>Maturity schedule of U. S. Government debt, November 30, 1940</td><td>21-22</td></tr><tr><td>Computed rate of interest on the public debt</td><td>23</td></tr><tr><td>Average yields of long-term Treasury bonds and high-grade corporate bonds</td><td>23-24</td></tr><tr><td>Yields of Treasury bonds and notes, December 16, 1940</td><td>25</td></tr></table>
Governmental Corporations and Credit Agencies
<table><tr><td>Assets and liabilities and proprietary interest, October 31, 1940</td><td>27</td></tr><tr><td>Sources and uses of funds</td><td>28-31</td></tr><tr><td>Obligations outstanding guaranteed by the U. S.</td><td>32</td></tr><tr><td>Financing operations in guaranteed securities</td><td>32</td></tr><tr><td>Maturity schedule of securities guaranteed by the U. S., November 30, 1940</td><td>33</td></tr></table>
Capital Movements between the United States and Foreign Countries
<table><tr><td>Note regarding revisions in figures on capital movements</td><td>35</td></tr><tr><td>Net capital movement between the U. S. and foreign countries</td><td>36-37</td></tr><tr><td>Short-term foreign liabilities and assets</td><td>38-41</td></tr><tr><td>Foreign security transactions and brokerage balances</td><td>42-44</td></tr><tr><td>Foreign transactions in U. S. domestic securities</td><td>45-46</td></tr><tr><td>Foreign exchange transactions</td><td>47-48</td></tr></table>
Other Monetary Statistics
<table><tr><td>Gold and silver</td><td>50-54</td></tr><tr><td>Value of foreign currencies in terms of gold</td><td>54</td></tr></table>
Miscellaneous
<table><tr><td>Vessels cleared from the United States direct for foreign ports</td><td>56-57</td></tr><tr><td>Commodities imported under quota provisions</td><td>58</td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts</td><td>59</td></tr></table>
1
Estimated Amount of Securities Outstanding, Interest on Which is Wholly
or Partially Exempt from the Federal Income Tax
As of June 30, 1940
(In millions of dollars)
<table><tr><th></th><th>Total</th><th>Wholly exempt 2/</th><th>Partially exempt 3/</th></tr><tr><td><b>All Tax-Exempt Securities</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>70,233</td><td>35,023</td><td>35,210</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>U. S. Government</td><td>52</td><td>-</td><td>52</td></tr><tr><td>Federal agencies 4/</td><td>3,462</td><td>1,526</td><td>1,936</td></tr><tr><td>Federal trust funds 5/</td><td>4,982</td><td>4,666</td><td>316</td></tr><tr><td>Federal Reserve Banks</td><td>2,467</td><td>1,128</td><td>1,339</td></tr><tr><td>State and local sinking funds</td><td>1,608</td><td>1,535</td><td>73</td></tr><tr><td>State and local trust and investment funds</td><td>2,759</td><td>2,500</td><td>259</td></tr><tr><td>Territorial and insular sinking and trust funds</td><td>38</td><td>34</td><td>4</td></tr><tr><td>Total securities held by Governmental funds, etc.</td><td>15,368</td><td>11,389</td><td>3,979</td></tr><tr><td>Total privately-held securities</td><td>54,865</td><td>23,634</td><td>31,231</td></tr><tr><td><b>Securities of the United States Government</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>42,380</td><td>12,917</td><td>29,463</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>Federal agencies 4/</td><td>1,834</td><td>239</td><td>1,595</td></tr><tr><td>Federal trust funds 5/</td><td>4,938</td><td>4,622</td><td>316</td></tr><tr><td>Federal Reserve Banks</td><td>2,458</td><td>1,128</td><td>1,330</td></tr><tr><td>State and local sinking funds</td><td>73</td><td>-</td><td>73</td></tr><tr><td>State and local trust and investment funds</td><td>259</td><td>-</td><td>259</td></tr><tr><td>Territorial and insular sinking funds</td><td>4</td><td>-</td><td>4</td></tr><tr><td>Total securities held by Governmental funds, etc.</td><td>9,566</td><td>5,989</td><td>3,577</td></tr><tr><td>Total privately-held securities</td><td>32,814</td><td>6,928</td><td>25,886</td></tr><tr><td><b>Securities of Federal instrumentalities guaranteed by the U. S. Government 6/</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>5,558</td><td>8</td><td>5,550</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>U. S. Government</td><td>52</td><td>-</td><td>52</td></tr><tr><td>Federal agencies 4/</td><td>286</td><td>8</td><td>278</td></tr><tr><td>Federal Reserve Banks</td><td>9</td><td>-</td><td>9</td></tr><tr><td>Total securities held by Governmental funds, etc.</td><td>347</td><td>8</td><td>339</td></tr><tr><td>Total privately-held securities</td><td>5,211</td><td>-</td><td>5,211</td></tr><tr><td><b>Securities of Federal instrumentalities not guaranteed by the U. S. Government</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>2,251</td><td>2,054</td><td>197</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>Federal agencies 4/</td><td>863</td><td>800</td><td>63</td></tr><tr><td>Federal trust funds 5/</td><td>44</td><td>44</td><td>-</td></tr><tr><td>Total securities held by Governmental funds, etc.</td><td>907</td><td>844</td><td>63</td></tr><tr><td>Total privately-held securities</td><td>1,344</td><td>1,210</td><td>134</td></tr><tr><td><b>Securities of State and local governments</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>19,891</td><td>19,891</td><td>-</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>Federal agencies 4/</td><td>479</td><td>479</td><td>-</td></tr><tr><td>State and local sinking funds</td><td>1,535</td><td>1,535</td><td>-</td></tr><tr><td>State and local trust and investment funds</td><td>2,500</td><td>2,500</td><td>-</td></tr><tr><td>Total securities held by Governmental funds, etc.</td><td>4,514</td><td>4,514</td><td>-</td></tr><tr><td>Total privately-held securities</td><td>15,377</td><td>15,377</td><td>-</td></tr><tr><td><b>Securities of territories and insular possessions</b></td><td></td><td></td><td></td></tr><tr><td>Total amount outstanding</td><td>153</td><td>153</td><td>-</td></tr><tr><td>Less securities held by:</td><td></td><td></td><td></td></tr><tr><td>Territorial and insular sinking and trust funds</td><td>34</td><td>34</td><td>-</td></tr><tr><td>Total privately-held securities</td><td>119</td><td>119</td><td>-</td></tr></table>
Sources: Estimates are based in part on a questionnaire survey of State and local government debt and specified funds conducted by the Division of State and Local Government of the Bureau of the Census, Department of Commerce, and in part on a questionnaire survey of territorial and insular debt and specified funds conducted by the Division of Territories and Island Possessions of the Department of the Interior.
Back Figure: Annual Report of the Secretary of the Treasury for 1939, pp. 508-512.
1/ The "Total amount outstanding" of tax-exempt securities of the several borrowers differs from the gross indebtedness of these borrowers in that the former excludes non-interest-bearing debt and taxable interest-bearing debt, both of which are included in the gross indebtedness of the borrowers. The "Total privately-held securities" differs from the net indebtedness of the borrowers in several additional respects. The former is derived by deducting from the total amount of tax-exempt securities outstanding, the amount of all tax-exempt securities held by the United States Government, Federal agencies, Federal Reserve Banks, and by public sinking, trust, and investment funds. Net indebtedness, on the other hand, is derived by deducting from the gross indebtedness an amount equivalent to the total volume of sinking fund assets of the respective borrowers, but makes no allowance for any other public assets.
2/ Securities the income from which is exempt from both the normal rates and surtax rates of the Federal income tax.
3/ Securities the income from which is exempt only from the normal rates of the Federal income tax. United States savings bonds and Treasury bonds are classified as partially tax-exempt securities although, by statutory provision, interest derived from $5,000 of principal amount of these securities owned by any single holder is exempt from the surtax rates as well as the normal rates of the Federal income tax.
4/ Includes Joint Stock land banks and Exchange Stabilization Fund.
5/ Includes individual Indian Trust Funds.
6/ Includes certain obligations of the Tennessee Valley Authority which are "issued on credit of the United States".
FEDERAL RECEIPTS AND EXPENDITURES
3
Summary Table on Budget Receipts and Expenditures and Public Debt Outstanding
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">Budget Receipts and Expenditures 1/</th><th colspan="6">Public Debt</th></tr><tr><th colspan="6">First 5 months, fiscal years 1936 to 1941</th><th colspan="5">Outstanding on November 30</th><th>Change Nov. 30, 1939 to Nov. 30, 1940</th></tr><tr><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Change 1940 to 1941</th><th>1935</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th></tr><tr><td>Receipts.....</td><td>1,458</td><td>1,641</td><td>2,104</td><td>2,050</td><td>1,955</td><td>2,184</td><td>+229</td><td>Market issues, etc.</td><td>28,902</td><td>33,173</td><td>34,976</td><td>35,513</td><td>37,010</td><td>39,064</td><td>+2,054</td></tr><tr><td>Expenditures....</td><td>2,677</td><td>3,147</td><td>2,806</td><td>3,469</td><td>3,648</td><td>3,969</td><td>+321</td><td>Special issues.....</td><td>732</td><td>621</td><td>2,118</td><td>3,090</td><td>4,295</td><td>5,209</td><td>+914</td></tr><tr><td>Net deficit...</td><td>1,209</td><td>1,506</td><td>702</td><td>1,419</td><td>1,693</td><td>1,785</td><td>+92</td><td>Gross debt.........</td><td>29,634</td><td>33,794</td><td>37,094</td><td>38,603</td><td>41,305</td><td>44,273</td><td>+2,968</td></tr></table>
Source: Daily Treasury Statements.
1/ Excludes public debt retirements and trust fund receipts and expenditures.
Budget Receipts and Expenditures
(in millions of dollars)
<table><tr><th></th><th colspan="6">First 5 months, fiscal years 1936 to 1941</th><th colspan="3">Complete fiscal years, 1939 to 1941</th><th colspan="2"></th></tr><tr><th></th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th colspan="2">Change:</th><th>Actual</th><th>Estimated 1/</th><th colspan="2">Change:</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>1940 to 1941</th><th>1939</th><th>1940</th><th>1941</th><th>Actual 1939 to actual 1940</th><th>Actual 1940 to estimated 1941</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax</td><td>327</td><td>420</td><td>671</td><td>654</td><td>481</td><td>612</td><td>+131</td><td>2,189</td><td>2,125</td><td>2,797</td><td>-64</td><td>+672</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>822</td><td>959</td><td>1,077</td><td>1,020</td><td>1,105</td><td>1,285</td><td>+180</td><td>2,232</td><td>2,345</td><td>2,781</td><td>+113</td><td>+436</td></tr><tr><td>Taxes under Social Security Act</td><td>-</td><td>-</td><td>251</td><td>276</td><td>313</td><td>344</td><td>+31</td><td>631</td><td>712</td><td>735</td><td>+81</td><td>+23</td></tr><tr><td>Taxes upon carriers and their employees</td><td>-</td><td>-</td><td>23</td><td>53</td><td>34</td><td>37</td><td>+3</td><td>109</td><td>121</td><td>135</td><td>+12</td><td>+14</td></tr><tr><td>Customs</td><td>161</td><td>178</td><td>184</td><td>139</td><td>150</td><td>129</td><td>-21</td><td>319</td><td>349</td><td>300</td><td>+30</td><td>-49</td></tr><tr><td>Other</td><td>158</td><td>84</td><td>104</td><td>81</td><td>92</td><td>88</td><td>-4</td><td>188</td><td>273</td><td>228</td><td>+85</td><td>-45</td></tr><tr><td>Total receipts</td><td>1,468</td><td>1,641</td><td>2,310</td><td>2,223</td><td>2,175</td><td>2,495</td><td>+320</td><td>5,668</td><td>5,925</td><td>6,976</td><td>+257</td><td>+1,051</td></tr><tr><td>Less amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 2/</td><td>-</td><td>-</td><td>206</td><td>173</td><td>220</td><td>311</td><td>+91</td><td>503</td><td>538</td><td>609</td><td>+35</td><td>+71</td></tr><tr><td>Net receipts</td><td>1,468</td><td>1,641</td><td>2,104</td><td>2,050</td><td>1,955</td><td>2,184</td><td>+229</td><td>5,165</td><td>5,387</td><td>6,367</td><td>+222</td><td>+980</td></tr><tr><td>Expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense</td><td>337</td><td>387</td><td>412</td><td>476</td><td>564</td><td>1,258</td><td>+694</td><td>1,163</td><td>1,559</td><td>5,000</td><td>+396</td><td>+3,441</td></tr><tr><td>Veterans' Administration</td><td>338</td><td>297</td><td>243</td><td>235</td><td>231</td><td>231</td><td>-</td><td>557</td><td>557</td><td>565</td><td>-</td><td>+8</td></tr><tr><td>Social Security and B. R. Retirement Acts 2/</td><td>-</td><td>74</td><td>201</td><td>231</td><td>239</td><td>288</td><td>+49</td><td>454</td><td>513</td><td>547</td><td>+59</td><td>+34</td></tr><tr><td>Agricultural Adjustment Program 3/</td><td>294</td><td>124</td><td>68</td><td>244</td><td>373</td><td>410</td><td>+37</td><td>782</td><td>1,017</td><td>950</td><td>+235</td><td>-67</td></tr><tr><td>Interest on the public debt</td><td>251</td><td>263</td><td>268</td><td>252</td><td>265</td><td>272</td><td>+7</td><td>941</td><td>1,041</td><td>1,100</td><td>+100</td><td>+59</td></tr><tr><td>Public Works 4/</td><td>280</td><td>484</td><td>391</td><td>368</td><td>426</td><td>375</td><td>-51</td><td>948</td><td>869</td><td>700</td><td>-79</td><td>-169</td></tr><tr><td>Unemployment relief</td><td>796</td><td>1,042</td><td>743</td><td>1,116</td><td>789</td><td>714</td><td>-75</td><td>2,595</td><td>1,919</td><td>1,695</td><td>-676</td><td>-224</td></tr><tr><td>Loans and stock subscriptions</td><td>9</td><td>34</td><td>26</td><td>48</td><td>70</td><td>-153</td><td>-223</td><td>212</td><td>241</td><td>140</td><td>+29</td><td>-101</td></tr><tr><td>Other</td><td>372</td><td>442</td><td>454</td><td>499</td><td>691</td><td>574</td><td>-117</td><td>1,055</td><td>1,282</td><td>1,361</td><td>+227</td><td>+79</td></tr><tr><td>Total expenditures</td><td>2,677</td><td>3,147</td><td>2,806</td><td>3,469</td><td>3,648</td><td>3,969</td><td>+321</td><td>8,707</td><td>8,998</td><td>12,058</td><td>+291</td><td>+3,060</td></tr><tr><td>Net deficit</td><td>1,209</td><td>1,506</td><td>702</td><td>1,419</td><td>1,693</td><td>1,785</td><td>+92</td><td>3,542</td><td>3,611</td><td>5,691</td><td>+69</td><td>+2,080</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Early Treasury Statements, except as noted. 
2/ Revised estimates of the Bureau of the Budget and the Treasury Department for 1941, submitted by the Secretary of the Treasury to the House Ways and Means Committee, August 9, 1940. 
3/ In the fiscal year 1941 amounts representing appropriations equal to "Social security - Unemployment taxes" collected and deposited as provided under sec. 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. 
4/ Excludes subscriptions to capital stock of Federal Crop Insurance Corporation. 
5/ Excludes loans shown under "Loans and stock subscriptions".
Means of Financing the Deficit
(In millions of dollars)
<table><tr><th></th><th colspan="6">First 5 months, fiscal years 1936 to 1941</th><th colspan="3">Complete fiscal years, 1939 to 1941</th></tr><tr><th></th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Actual 1939</th><th>Actual 1940</th><th>Estimated 1941</th></tr><tr><td>Net deficit</td><td>1,209</td><td>1,506</td><td>702</td><td>1,419</td><td>1,693</td><td>1,785</td><td>3,542</td><td>3,611</td><td>5,691</td></tr><tr><td>Means of financing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Return of surplus funds from Government corporations 2/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>700</td></tr><tr><td>Increase in public debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Market issues, etc.</td><td>834</td><td>20</td><td>109</td><td>1,024</td><td>341</td><td>872</td><td>2,180</td><td>1,523</td><td>3,888</td></tr><tr><td>Special issues</td><td>99</td><td>-5</td><td>560</td><td>414</td><td>525</td><td>434</td><td>1,094</td><td>1,005</td><td>1,103</td></tr><tr><td>Total increase in public debt</td><td>933</td><td>15</td><td>669</td><td>1,438</td><td>866</td><td>1,306</td><td>3,274</td><td>2,528</td><td>4,991</td></tr><tr><td>Net decrease in working balance, general and special accounts</td><td>276</td><td>1,491</td><td>33</td><td>-19</td><td>827</td><td>479</td><td>268</td><td>1,083</td><td>-</td></tr><tr><td>Total means of financing</td><td>1,209</td><td>1,506</td><td>702</td><td>1,419</td><td>1,693</td><td>1,785</td><td>3,542</td><td>3,611</td><td>5,691</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Revised estimates of the Bureau of the Budget and the Treasury Department for 1941, submitted by the Secretary of the Treasury to the House Ways and Means Committee, August 9, 1940.
2/ This item is applicable only to the estimates for fiscal year 1941. For all actual periods, such repayments are reflected either as "Other" receipts or as credits against "Loans and stock subscriptions". For the first 5 months of the fiscal year 1941, these repayments amounted to $203 millions reflected as reductions of "Loans and stock subscriptions" and $7 millions reflected in "Other" receipts.
budget receipts, expenditures and excess of expenditures
January 1935 to Date
4
5
Total Budget Receipts and Expenditures, by Months
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>Excipts 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>1937</td><td>201</td><td>1</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>229</td><td>218</td><td>752</td><td>231</td><td>256</td><td>529</td><td>294</td><td>341</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937</td><td>219</td><td>230</td><td>966</td><td>318</td><td>290</td><td>828</td><td>357</td><td>512</td><td>747</td><td>292</td><td>286</td><td>823</td><td>5,798</td></tr><tr><td>1938</td><td>294</td><td>308</td><td>917</td><td>262</td><td>173</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>357</td><td>687</td><td>221</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>4,918</td></tr><tr><td>1940</td><td>115</td><td>444</td><td>799</td><td>304</td><td>600</td><td>649 2/</td><td>331</td><td>447</td><td>710</td><td>333</td><td>362</td><td></td><td></td></tr><tr><td>Expenditures 1/ 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935</td><td>484</td><td>531</td><td>574</td><td>785</td><td>596</td><td>858</td><td>616</td><td>438</td><td>588</td><td>805</td><td>535</td><td>637</td><td>7,451</td></tr><tr><td>1936</td><td>518</td><td>489</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>681</td><td>569</td><td>728</td><td>9,384</td></tr><tr><td>1937</td><td>511</td><td>558</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>658</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>625</td><td>732</td><td>739</td><td>646</td><td>838</td><td>8,150</td></tr><tr><td>1939</td><td>656</td><td>612</td><td>829</td><td>731</td><td>695</td><td>917</td><td>794</td><td>774</td><td>750</td><td>721</td><td>648</td><td>841</td><td>8,938</td></tr><tr><td>1940</td><td>713</td><td>668</td><td>871</td><td>792</td><td>649</td><td>934</td><td>830</td><td>708</td><td>760</td><td>870</td><td>818</td><td></td><td></td></tr><tr><td>Gross deficit</td><td></td><td></td><td></td><td></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>357</td><td>249</td><td>184</td><td>409</td><td>336</td><td>211</td><td>4,992</td></tr><tr><td>1937</td><td>304</td><td>338</td><td>-196</td><td>394</td><td>229</td><td>427</td><td>268</td><td>105</td><td>-86</td><td>279</td><td>172</td><td>-186</td><td>2,048</td></tr><tr><td>1938</td><td>199</td><td>179</td><td>-208</td><td>370</td><td>194</td><td>163</td><td>452</td><td>196</td><td>54</td><td>439</td><td>296</td><td>166</td><td>2,500</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>142</td><td>518</td><td>348</td><td>360</td><td>499</td><td>402</td><td>74</td><td>443</td><td>284</td><td>320</td><td>4,020</td></tr><tr><td>1940</td><td>398</td><td>224</td><td>72</td><td>488</td><td>249</td><td>285 2/</td><td>499</td><td>261</td><td>50</td><td>537</td><td>456</td><td></td><td></td></tr></table>
Sources: Daily Treasury Statements.
1/ In the fiscal year 1941 amounts representing appropriations equal to "Social security - Unemployment taxes" collected and deposited as provided under sec. 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/ Revised to reflect adjustment of $1,000,000 under the title "Transfers to Federal Old-Age and Survivors Insurance Trust Funds", and to bring classification into agreement with accounts.
3/ Includes public debt retirement.
Budget Receipts and Expenditures, by Major Classifications
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Booiple 1/</th><th colspan="7">Expenditures</th><th rowspan="2">Gross deficit</th></tr><tr><th>Total</th><th>Income tax</th><th>Other</th><th>Customs</th><th>Other</th><th>Total</th><th>General (including recovery and relief)</th><th>Revolving funds (net)</th><th>Transfer to trust account, etc. 1/</th><th>Debt retirement</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>4,125</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>5,185</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 2/</td><td>4,765 2/</td><td>2,125</td><td>2,640 2/</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 2/</td></tr><tr><td>1939-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>258</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 2/</td><td>357</td><td>40</td><td>316</td><td>25</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>849 2/</td><td>560 2/</td><td>464</td><td>96 2/</td><td>28</td><td>61</td><td>934</td><td>883</td><td>3</td><td>-</td><td>47</td><td>285 2/</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><tr><td>Oct.</td><td>333</td><td>287</td><td>44</td><td>243</td><td>29</td><td>17</td><td>870</td><td>874</td><td>-5</td><td>-</td><td>1</td><td>537</td></tr><tr><td>Nov.</td><td>362</td><td>316</td><td>49</td><td>267</td><td>28</td><td>18</td><td>818</td><td>820</td><td>-23</td><td>20</td><td>1</td><td>456</td></tr></table>
Sources: Daily Treasury Statements.
1/ Net appropriations or transfers to the Old-Age Reserve Account or to the Federal Old-Age and Survivors Insurance Trust Fund prior to July 1, 1940 are excluded from both receipts and expenditures. See footnote to preceding table.
2/ Revised to reflect adjustment of $1,000,000 under the title "Transfers to Federal Old-Age and Survivors Insurance Trust Fund", and to bring classification into agreement with accounts.
6
Budget Expenditures Classified as General, by Major Functions
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Departmental</th><th>Relational defense</th><th>Veterans' Administration</th><th>FERA and CWA</th><th>WPA 2/</th><th>Public Works 3/</th><th>Agricultural Adjustment program</th><th>Civilian Conservation Corps</th><th>Social Security and Railroad Retirement Acts</th><th>Interest on the public debt</th><th>Other</th></tr><tr><td>1933</td><td>3,668</td><td>599</td><td>668</td><td>763</td><td>38</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>689</td><td>600</td></tr><tr><td>1934</td><td>5,444</td><td>387</td><td>540</td><td>507</td><td>1,512</td><td>-</td><td>543</td><td>289</td><td>332</td><td>-</td><td>757</td><td>577</td></tr><tr><td>1935</td><td>6,594</td><td>516</td><td>710</td><td>557</td><td>1,832</td><td>-</td><td>662</td><td>712</td><td>436</td><td>-</td><td>821</td><td>348</td></tr><tr><td>1936</td><td>6,840</td><td>586</td><td>911</td><td>578</td><td>1,496</td><td>1,264</td><td>547</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>375</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-November</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>December</td><td>823</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-January</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>February</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>March</td><td>816</td><td>65</td><td>143</td><td>47</td><td>-</td><td>134</td><td>74</td><td>105</td><td>24</td><td>28</td><td>146</td><td>50</td></tr><tr><td>April</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>August</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>13</td></tr><tr><td>September</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><tr><td>October</td><td>874</td><td>75</td><td>287</td><td>48</td><td>-</td><td>111</td><td>87</td><td>103</td><td>22</td><td>57</td><td>73</td><td>11</td></tr><tr><td>November</td><td>920</td><td>63</td><td>375</td><td>46</td><td>-</td><td>105</td><td>75</td><td>108</td><td>20</td><td>37</td><td>11</td><td>-20</td></tr></table>
Source: 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.
Budget Expenditures Classified as 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>Advances 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>-18</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-November</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>December</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-January</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>February</td><td>4</td><td>*</td><td>4</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>6</td><td>*</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>April</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>August</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>September</td><td>-9</td><td>-11</td><td>2</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October</td><td>-5</td><td>-11</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>November</td><td>-23</td><td>-26</td><td>3</td><td>20</td><td>20</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Net appropriations or transfers to the Old-Age Reserve Account or to the Federal Old-Age and Survivors Insurance Trust Fund prior to July 1, 1940 are excluded from both receipts and expenditures. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
7
Collections of Internal Revenue
(la thousands of dollars)
<table><tr><th>Sources of revenue</th><th colspan="3">November</th><th colspan="2">July 1 - November 30</th><th>Sources of revenue</th><th colspan="3">November</th><th colspan="2">July 1 - November 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>11,708</td><td>19,182</td><td>223,107</td><td>320,560</td><td>Lubricating oils</td><td>2,988</td><td>3,839</td><td>13,797</td><td>16,627</td></tr><tr><td>Current</td><td>8,289</td><td>12,440</td><td>55,327</td><td>50,681</td><td>Gasoline</td><td>18,426</td><td>38,782</td><td>101,426</td><td>145,325</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Tires and inner tubes</td><td>3,642</td><td>5,210</td><td>17,317</td><td>21,241</td></tr><tr><td>Individual</td><td>7,991</td><td>9,987</td><td>163,013</td><td>192,461</td><td>Automobile trucks</td><td>230</td><td>1,250</td><td>2,512</td><td>3,792</td></tr><tr><td>Current</td><td>5,733</td><td>5,814</td><td>31,856</td><td>33,868</td><td>Other automobiles and motorcycles</td><td>2,590</td><td>8,274</td><td>13,960</td><td>20,480</td></tr><tr><td>Back</td><td>577</td><td>848</td><td>5,609</td><td>7,543</td><td>Parts or accessories for automobiles</td><td>761</td><td>1,389</td><td>3,908</td><td>5,136</td></tr><tr><td>Excess-profits</td><td></td><td></td><td></td><td></td><td>Electrical energy</td><td>3,396</td><td>4,313</td><td>16,922</td><td>18,472</td></tr><tr><td>Total income taxes</td><td>34,298</td><td>48,271</td><td>478,912</td><td>605,113</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>578</td><td>791</td><td>2,328</td><td>3,149</td></tr><tr><td>Tax on unjust enrichment</td><td>630</td><td>606</td><td>2,856</td><td>4,460</td><td>Mechanical refrigerators</td><td>400</td><td>303</td><td>3,963</td><td>3,571</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>Firearms, shells, and cartridges</td><td>550</td><td>568</td><td>2,231</td><td>2,893</td></tr><tr><td>Capital stock tax</td><td>367</td><td>260</td><td>130,854</td><td>164,900</td><td>Pistols and revolvers</td><td>10</td><td>8</td><td>28</td><td>26</td></tr><tr><td>Estate tax</td><td>22,042</td><td>46,112</td><td>161,127</td><td>132,542</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>604</td><td>789</td><td>3,331</td><td>2,839</td></tr><tr><td>Gift tax</td><td>2,883</td><td>248</td><td>3,975</td><td>4,580</td><td>Matches (including repealed taxes)</td><td>1</td><td>*</td><td>1</td><td>60</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Repealed taxes not listed above</td><td>20</td><td>7</td><td>132</td><td>57</td></tr><tr><td>Distilled spirit (imported, excise)</td><td>2,426</td><td>3,931</td><td>12,191</td><td>13,386</td><td>Total manufacturers' excise taxes</td><td>34,196</td><td>65,573</td><td>181,856</td><td>246,671</td></tr><tr><td>Distilled spirit (domestic, excise)</td><td>35,210</td><td>48,629</td><td>125,074</td><td>168,339</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirit rectification tax</td><td>1,684</td><td>1,802</td><td>5,394</td><td>6,091</td><td>Bituminous Coal Act of 1937</td><td>421</td><td>415</td><td>1,552</td><td>1,758</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>69</td><td>47</td><td>257</td><td>191</td><td>Sugar Act of 1937</td><td>8,787</td><td>7,736</td><td>34,330</td><td>31,470</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>772</td><td>992</td><td>2,898</td><td>4,570</td><td>Telephone, telegraph, radio and cable facili-</td><td></td><td></td><td></td><td></td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>50</td><td>32</td><td>677</td><td>830</td><td>ties, leased wires, etc.</td><td>1,551</td><td>2,733</td><td>10,155</td><td>11,227</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>113</td><td>114</td><td>4,161</td><td>5,464</td><td>Transportation of oil by pipe lines</td><td>1,039</td><td>1,253</td><td>4,774</td><td>5,195</td></tr><tr><td>Stamps for distilled spirit intended for export</td><td>*</td><td>*</td><td>2</td><td>*</td><td>Leases of safe-deposit boxes</td><td>150</td><td>174</td><td>798</td><td>872</td></tr><tr><td>Case stamps for distilled spirit bottled in bond</td><td>132</td><td>134</td><td>426</td><td>457</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>2,118</td><td>7,124</td><td>8,746</td><td>25,662</td></tr><tr><td>Container stamps</td><td>1,242</td><td>1,242</td><td>4,650</td><td>4,286</td><td>Club dues and initiation fees</td><td>534</td><td>600</td><td>2,461</td><td>2,660</td></tr><tr><td>Floor taxes</td><td>1</td><td>1,544</td><td>10</td><td>16,826</td><td>Adulterated and processed or renovated butter, mixed flour and filled cheeses</td><td>1</td><td>3</td><td>11</td><td>16</td></tr><tr><td>Fermented malt liquor</td><td>19,263</td><td>22,726</td><td>120,641</td><td>139,132</td><td>Oleomargarine, including special taxes</td><td>94</td><td>104</td><td>1,193</td><td>1,235</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>58</td><td>57</td><td>2,290</td><td>2,849</td><td>Narcotics, including mari-huana and special taxes</td><td>22</td><td>13</td><td>214</td><td>236</td></tr><tr><td>Total alcoholic beverage taxes</td><td>61,020</td><td>81,250</td><td>278,671</td><td>362,421</td><td>Coconut and other vegetable oils processed</td><td>2,576</td><td>2,563</td><td>10,189</td><td>9,400</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td>National Firearms Act</td><td>*</td><td>*</td><td>3</td><td>3</td></tr><tr><td>Cigars (large)</td><td>1,305</td><td>1,297</td><td>6,125</td><td>6,203</td><td>All other, including re-pealed taxes not listed above</td><td>6</td><td>4</td><td>113</td><td>18</td></tr><tr><td>Cigars (small)</td><td>9</td><td>11</td><td>48</td><td>49</td><td>Total miscellaneous taxes</td><td>17,299</td><td>22,722</td><td>74,539</td><td>89,742</td></tr><tr><td>Cigarettes (large)</td><td>2</td><td>2</td><td>8</td><td>5</td><td>Total miscellaneous internal revenue</td><td>191,510</td><td>272,517</td><td>1,107,589</td><td>1,304,040</td></tr><tr><td>Cigarettes (small)</td><td>43,384</td><td>46,629</td><td>226,402</td><td>251,674</td><td>Payroll taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Snuff</td><td>584</td><td>516</td><td>2,786</td><td>2,752</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,535</td><td>4,633</td><td>23,963</td><td>24,291</td><td>Taxes with respect to employment</td><td>87,280</td><td>87,977</td><td>291,233</td><td>321,289</td></tr><tr><td>Cigarette papers and tubes</td><td>157</td><td>107</td><td>468</td><td>673</td><td>Tax on employees of 8 or more</td><td>5,730</td><td>5,872</td><td>22,518</td><td>22,474</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>*</td><td>*</td><td>*</td><td>4,514</td><td>Total Social Security taxes</td><td>93,010</td><td>93,849</td><td>313,751</td><td>343,763</td></tr><tr><td>Cigarette floor taxes</td><td>*</td><td>5</td><td>*</td><td>*</td><td>Carriers' Taxing Act of 1937</td><td>20,167</td><td>29,140</td><td>90,513</td><td>62,525</td></tr><tr><td>Total tobacco taxes</td><td>49,976</td><td>53,200</td><td>259,800</td><td>290,161</td><td>Total payroll taxes</td><td>113,177</td><td>122,989</td><td>364,264</td><td>406,288</td></tr><tr><td>Stamp taxes:</td><td></td><td></td><td></td><td></td><td>Total internal revenue</td><td>339,615</td><td>444,383</td><td>1,953,621</td><td>2,320,501</td></tr><tr><td>Boards, issues of capital stock, deeds of convey-ance, etc.</td><td>1,401</td><td>1,651</td><td>7,656</td><td>8,149</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Transfers of capital stock and similar interest sales</td><td>1,275</td><td>1,088</td><td>7,228</td><td>4,052</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Playing cards</td><td>411</td><td>405</td><td>1,795</td><td>1,400</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Silver bullion sales or transfers</td><td>40</td><td>8</td><td>88</td><td>22</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>*</td><td>*</td><td>*</td><td>*</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total stamp taxes</td><td>3,127</td><td>3,152</td><td>16,767</td><td>13,623</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Reports of collections. Less than $500.
g
Collections of Internal Revenue
(10 thousands of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and profit taxes</th><th colspan="3">Payroll taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th>Social Security Act 2/ insurance Contributions Act</th><th>Unemployment Tax Act</th><th>Carriers' Taxing Act of 1937</th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,274</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</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>833,183</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>427,117</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>352,174</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>419,369</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,448</td><td>674,416</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,173,769</td><td>1,091,741</td><td>1,082,028</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,622,813</td><td>1,286,312</td><td>1,336,501</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,178,431</td><td>1,028,834</td><td>1,149,597</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>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-November</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>December</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-January</td><td>306,304</td><td>45,689</td><td>20,561</td><td>25,128</td><td>89,044</td><td>60,157</td><td>28,424</td><td>1,063</td></tr><tr><td>February</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>March</td><td>861,168</td><td>654,624</td><td>356,075</td><td>298,548</td><td>15,076</td><td>2,099</td><td>1,191</td><td>11,786</td></tr><tr><td>April</td><td>294,652</td><td>45,498</td><td>15,444</td><td>30,054</td><td>77,310</td><td>71,813</td><td>4,953</td><td>544</td></tr><tr><td>May</td><td>343,603</td><td>41,155</td><td>13,070</td><td>28,085</td><td>112,731</td><td>86,792</td><td>6,802</td><td>19,137</td></tr><tr><td>June</td><td>697,099</td><td>465,404</td><td>201,210</td><td>264,194</td><td>16,103</td><td>2,673</td><td>681</td><td>12,749</td></tr><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>August</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>September</td><td>694,623</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><tr><td>October</td><td>355,276</td><td>45,009</td><td>12,079</td><td>32,930</td><td>77,273</td><td>71,781</td><td>4,840</td><td>652</td></tr><tr><td>November</td><td>444,383</td><td>48,271</td><td>15,801</td><td>32,470</td><td>122,989</td><td>87,977</td><td>5,872</td><td>29,140</td></tr></table>
<table><tr><th>Fiscal year or month</th><th colspan="8">Miscellaneous internal revenue</th><th>Tax on unjust enrichment</th><th>Agricultural adjustment</th></tr><tr><th></th><th>Total</th><th>Capital stock tax</th><th>Estate and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco tax</th><th>Stamp tax</th><th>Manufacturers' excise taxes</th><th>Miscellaneous taxes</th><th></th><th></th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>134,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,887</td><td>-</td><td>64,770</td><td>11,695</td><td>140,339</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>144,277</td><td>46,954</td><td>138</td><td>18,310</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>500,972</td><td>-</td><td>47,422</td><td>8,704</td><td>138,579</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>140,739</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>1425,169</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>1459,179</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>505,164</td><td>1501,166</td><td>68,990</td><td>379,540</td><td>92,132</td><td>-</td><td>71,637</td></tr><tr><td>1937</td><td>2,207,608</td><td>137,499</td><td>305,548</td><td>554,245</td><td>1552,254</td><td>69,919</td><td>449,854</td><td>98,289</td><td>6,073</td><td>-</td></tr><tr><td>1938</td><td>2,287,075</td><td>139,349</td><td>416,874</td><td>567,975</td><td>1568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>1580,159</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>1608,518</td><td>38,681</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1939-November</td><td>191,510</td><td>161</td><td>25,525</td><td>61,020</td><td>149,976</td><td>3,127</td><td>34,196</td><td>17,299</td><td>630</td><td>-</td></tr><tr><td>December</td><td>168,030</td><td>241</td><td>21,320</td><td>51,197</td><td>143,702</td><td>2,921</td><td>35,018</td><td>12,631</td><td>1,008</td><td>-</td></tr><tr><td>1940-January</td><td>170,113</td><td>229</td><td>26,566</td><td>37,363</td><td>149,519</td><td>3,020</td><td>41,128</td><td>12,288</td><td>858</td><td>-</td></tr><tr><td>February</td><td>166,276</td><td>177</td><td>28,423</td><td>41,454</td><td>145,347</td><td>2,774</td><td>34,919</td><td>13,182</td><td>507</td><td>-</td></tr><tr><td>March</td><td>190,479</td><td>193</td><td>44,142</td><td>47,116</td><td>145,092</td><td>2,684</td><td>38,490</td><td>12,762</td><td>989</td><td>-</td></tr><tr><td>April</td><td>171,124</td><td>312</td><td>29,326</td><td>46,793</td><td>150,742</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>155,499</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>158,817</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>159,325</td><td>2,746</td><td>34,668</td><td>13,091</td><td>820</td><td>-</td></tr><tr><td>August</td><td>324,390</td><td>90,397</td><td>27,168</td><td>67,976</td><td>161,337</td><td>2,336</td><td>55,478</td><td>18,698</td><td>1,013</td><td>-</td></tr><tr><td>September</td><td>211,493</td><td>14,675</td><td>18,134</td><td>62,524</td><td>164,915</td><td>2,281</td><td>41,712</td><td>17,252</td><td>1,287</td><td>-</td></tr><tr><td>October</td><td>232,260</td><td>3,954</td><td>21,881</td><td>75,712</td><td>161,385</td><td>3,109</td><td>48,240</td><td>17,979</td><td>734</td><td>-</td></tr><tr><td>November</td><td>272,517</td><td>260</td><td>46,360</td><td>81,250</td><td>153,200</td><td>3,152</td><td>65,573</td><td>22,722</td><td>606</td><td>-</td></tr></table>
Source: Reports of collections.
1/ Includes excess-profits tax.
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/ Includes tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
YEARLY
Fiscal Years 1929 to Date
By Principal Sources
MONTHLY
July 1939 to Date
By Principal Sources
10
Customs Duties and Taxes Collected, and Values of Dutiable and Taxable Imports, Estimated by Tariff Schedules
(In thousands of dollars)
<table><tr><th></th><th colspan="2">Fiscal year</th><th colspan="12">Duties and taxes</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Chemicals, oils and paints</td><td>21,199</td><td>16,527</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>731</td><td>649</td><td>854</td></tr><tr><td>Earths, earthenware and glassware</td><td>11,144</td><td>9,921</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>734</td><td>772</td><td>781</td><td>667</td><td>734</td></tr><tr><td>Metals and manufactures</td><td>23,257</td><td>27,302</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>2,368</td><td>2,300</td><td>2,406</td><td>3,162</td><td>2,637</td><td>3,499</td></tr><tr><td>Wood and manufactures</td><td>2,216</td><td>1,842</td><td>186</td><td>177</td><td>160</td><td>117</td><td>125</td><td>116</td><td>131</td><td>187</td><td>151</td><td>138</td><td>131</td><td>139</td><td>157</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>37,690</td><td>57,723</td><td>4,978</td><td>2,024</td><td>7,071</td><td>3,079</td><td>3,986</td><td>4,558</td><td>4,809</td><td>4,164</td><td>4,618</td><td>4,395</td><td>3,472</td><td>3,004</td><td>2,464</td></tr><tr><td>Tobacco and manufactures</td><td>25,709</td><td>22,634</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>1,924</td><td>2,146</td><td>1,869</td><td>1,993</td></tr><tr><td>Agricultural products and provisions</td><td>56,009</td><td>53,063</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>2,923</td><td>2,613</td><td>2,422</td><td>3,804</td></tr><tr><td>Spirits, wines and other beverages</td><td>33,250</td><td>37,122</td><td>3,383</td><td>3,306</td><td>4,603</td><td>2,215</td><td>1,894</td><td>2,185</td><td>2,308</td><td>2,574</td><td>5,473</td><td>2,059</td><td>1,409</td><td>2,168</td><td>3,121</td></tr><tr><td>Cotton manufactures</td><td>9,574</td><td>9,103</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>469</td><td>480</td><td>476</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>11,546</td><td>10,431</td><td>761</td><td>1,088</td><td>906</td><td>1,216</td><td>899</td><td>1,074</td><td>640</td><td>864</td><td>721</td><td>1,091</td><td>524</td><td>858</td><td>905</td></tr><tr><td>Wool and manufactures</td><td>25,692</td><td>42,690</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><td>3,469</td><td>5,444</td></tr><tr><td>Silk manufactures</td><td>3,059</td><td>2,616</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><td>155</td><td>207</td></tr><tr><td>Manufacture of rayon and other synthetic textiles</td><td>2,794</td><td>2,461</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><td>31</td><td>46</td></tr><tr><td>Pulp, paper and books</td><td>2,404</td><td>1,720</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><td>70</td><td>86</td></tr><tr><td>Sundries</td><td>36,058</td><td>33,401</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><td>1,796</td><td>2,455</td></tr><tr><td>Miscellaneous 2/</td><td>271</td><td>273</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><td>17</td><td>27</td></tr><tr><td>Free list 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Crude petroleum</td><td>5,223</td><td>5,142</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>575</td><td>582</td><td>543</td></tr><tr><td>Fuel oil, etc. 4/</td><td>1,625</td><td>2,243</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><td>206</td><td>347</td></tr><tr><td>Motor fuel and lubricating oil</td><td>9</td><td>35</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>26</td><td>1</td><td>20</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>257</td><td>581</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><td>65</td><td>83</td></tr><tr><td>Seed oils</td><td>1,804</td><td>1,561</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><td>60</td><td>88</td></tr><tr><td>Oil seeds</td><td>402</td><td>362</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><td>-</td><td>-</td></tr><tr><td>Animal, fish, and coconut oils</td><td>1</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>-</td><td>-</td><td>-</td></tr><tr><td>Copper</td><td>725</td><td>1,036</td><td>71</td><td>90</td><td>38</td><td>73</td><td>3</td><td>25</td><td>46</td><td>601</td><td>335</td><td>680</td><td>1,073</td><td>1,392</td><td></td></tr><tr><td>Lumber of specified types</td><td>153</td><td>215</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><td>22</td><td>57</td></tr><tr><td>Coal and related products</td><td>13</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>-</td><td>-</td><td>-</td></tr><tr><td>Total free list</td><td>10,213</td><td>11,178</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>1,714</td><td>2,009</td><td>2,530</td></tr><tr><td>Total duties and taxes</td><td>312,095</td><td>340,006</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>22,687</td><td>22,441</td><td>28,796</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+6,742</td><td>+8,585</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>+193</td><td>+1,663</td><td>+943</td><td>+186</td><td>+575</td></tr><tr><td>Total duties and taxes as reported in Daily Treasury Statement</td><td>318,837</td><td>348,591</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>26,251</td><td>28,101</td><td>25,225</td><td>23,630</td><td>22,627</td><td>29,371</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1939</th><th colspan="9">Values</th></tr><tr><th>1939</th><th>1940</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Chemicals, oils and paints</td><td>57,369</td><td>51,193</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>4,592</td><td>3,071</td><td>2,876</td><td>2,147</td><td>2,896</td></tr><tr><td>Earths, earthenware and glassware</td><td>25,533</td><td>23,808</td><td>2,035</td><td>2,493</td><td>2,118</td><td>1,992</td><td>1,722</td><td>1,976</td><td>1,629</td><td>1,819</td><td>1,888</td><td>1,945</td><td>1,879</td><td>1,647</td><td>1,902</td></tr><tr><td>Metals and manufactures</td><td>78,423</td><td>93,374</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>10,103</td><td>8,633</td><td>10,199</td></tr><tr><td>Wood and manufactures</td><td>15,132</td><td>17,266</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>1,392</td><td>1,505</td><td>1,753</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>76,910</td><td>110,543</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><td>6,134</td><td>4,980</td></tr><tr><td>Tobacco and manufactures</td><td>37,687</td><td>36,166</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>3,111</td><td>3,167</td><td>3,525</td><td>3,169</td><td>3,366</td></tr><tr><td>Agricultural products and provisions</td><td>164,246</td><td>169,932</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>9,495</td><td>9,201</td><td>9,035</td><td>12,860</td></tr><tr><td>Spirite, wines and other beverages</td><td>58,093</td><td>62,523</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>2,355</td><td>3,483</td><td>4,967</td></tr><tr><td>Cotton manufactures</td><td>25,775</td><td>25,408</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><td>1,369</td><td>1,388</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>52,046</td><td>62,117</td><td>3,646</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><td>6,249</td><td>5,704</td></tr><tr><td>Wool and manufactures</td><td>37,848</td><td>64,351</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><td>5,048</td><td>7,642</td></tr><tr><td>Silk manufactures</td><td>5,766</td><td>4,988</td><td>452</td><td>483</td><td>440</td><td>446</td><td>332</td><td>444</td><td>313</td><td>401</td><td>259</td><td>255</td><td>287</td><td>295</td><td>395</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>8,655</td><td>8,203</td><td>836</td><td>1,103</td><td>1,366</td><td>980</td><td>540</td><td>331</td><td>486</td><td>199</td><td>163</td><td>124</td><td>103</td><td>69</td><td>102</td></tr><tr><td>Pulp, paper and books</td><td>12,031</td><td>9,572</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>580</td><td>454</td><td>495</td></tr><tr><td>Sundries</td><td>129,718</td><td>127,265</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><td>6,573</td><td>8,763</td></tr><tr><td>Miscellaneous 2/</td><td>257</td><td>275</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>93</td><td>15</td><td>21</td></tr><tr><td>Free list 3/</td><td>34,667</td><td>52,724</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>8,209</td><td>8,837</td><td>10,713</td></tr><tr><td>Total value of dutiable and taxable imports</td><td>820,157</td><td>919,709</td><td>79,146</td><td>78,293</td><td>82,800</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>69,106</td><td>64,858</td><td>64,663</td><td>78,151</td></tr></table>
Source: 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 quantity and value figures.
1/ Includes taxable sugar from the Philippine Islands.
2/ 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.
3/ Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts.
4/ 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.
11
Customs Duties Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which importe originated</th><th colspan="2">Fiscal year</th><th colspan="4">1939</th><th colspan="10">1940</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>7,906</td><td>8,579</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><td>120</td><td>120</td></tr><tr><td>Czechoslovakia</td><td>6,346</td><td>186</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><td>5</td><td>5</td></tr><tr><td>France</td><td>18,128</td><td>19,124</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><td>472</td><td>720</td></tr><tr><td>Germany</td><td>19,071</td><td>5,068</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><td>138</td><td>165</td></tr><tr><td>Greece</td><td>7,678</td><td>7,522</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><td>498</td><td>602</td></tr><tr><td>Italy</td><td>14,328</td><td>12,748</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>261</td><td>242</td><td>213</td></tr><tr><td>Netherlands</td><td>6,762</td><td>3,627</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><td>12</td><td>12</td></tr><tr><td>Norway</td><td>2,905</td><td>2,990</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><td>6</td><td>9</td></tr><tr><td>Poland</td><td>2,478</td><td>694</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><td>1</td><td>6</td></tr><tr><td>Spain</td><td>2,818</td><td>3,302</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><td>215</td><td>317</td></tr><tr><td>Sweden</td><td>1,722</td><td>1,925</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><td>28</td><td>8</td></tr><tr><td>Switzerland</td><td>9,555</td><td>11,846</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><td>940</td><td>1,534</td></tr><tr><td>U.S.S.R.</td><td>2,102</td><td>2,952</td><td>294</td><td>154</td><td>183</td><td>290</td><td>190</td><td>277</td><td>261</td><td>549</td><td>301</td><td>273</td><td>561</td><td>80</td><td>78</td></tr><tr><td>United Kingdom</td><td>40,353</td><td>44,021</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><td>2,609</td><td>3,272</td></tr><tr><td>Other Europe</td><td>6,512</td><td>6,125</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><td>443</td><td>396</td></tr><tr><td>Total Europe</td><td>148,664</td><td>130,709</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><td>5,809</td><td>7,457</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>18,890</td><td>20,284</td><td>2,335</td><td>2,047</td><td>1,998</td><td>1,386</td><td>1,228</td><td>1,370</td><td>1,496</td><td>1,744</td><td>1,967</td><td>1,428</td><td>1,618</td><td>1,812</td><td>2,432</td></tr><tr><td>Cuba</td><td>37,859</td><td>60,590</td><td>4,824</td><td>2,262</td><td>6,783</td><td>3,628</td><td>3,859</td><td>5,157</td><td>5,109</td><td>4,510</td><td>4,841</td><td>4,900</td><td>3,828</td><td>3,503</td><td>3,092</td></tr><tr><td>Dominican Republic</td><td>1,947</td><td>1,291</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><td>7</td><td>17</td></tr><tr><td>Mexico</td><td>7,059</td><td>8,209</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><td>871</td><td>1,355</td></tr><tr><td>Netherland West Indies</td><td>1,627</td><td>1,773</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><td>83</td><td>79</td></tr><tr><td>Other Countries</td><td>1,614</td><td>918</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><td>154</td><td>206</td></tr><tr><td>Total North and Central America</td><td>69,006</td><td>93,065</td><td>8,325</td><td>5,272</td><td>9,044</td><td>6,230</td><td>6,283</td><td>7,661</td><td>8,199</td><td>7,285</td><td>7,847</td><td>7,396</td><td>6,338</td><td>6,430</td><td>7,181</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>17,753</td><td>21,340</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><td>1,607</td><td>2,882</td></tr><tr><td>Brazil</td><td>3,447</td><td>3,087</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><td>470</td><td>674</td></tr><tr><td>Chile</td><td>525</td><td>1,386</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><td>856</td><td>1,118</td></tr><tr><td>Peru</td><td>3,381</td><td>3,920</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><td>227</td><td>405</td></tr><tr><td>Uruguay</td><td>4,044</td><td>8,135</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><td>607</td><td>1,546</td></tr><tr><td>Venezuela</td><td>4,752</td><td>4,458</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><td>330</td><td>473</td></tr><tr><td>Other Countries</td><td>1,227</td><td>1,458</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><td>134</td><td>197</td></tr><tr><td>Total South America</td><td>35,129</td><td>43,783</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><td>4,231</td><td>7,295</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>6,884</td><td>7,740</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><td>803</td><td>955</td></tr><tr><td>China</td><td>10,264</td><td>11,648</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><td>1,175</td><td>1,430</td></tr><tr><td>Japan</td><td>16,393</td><td>17,897</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><td>1,337</td><td>1,620</td></tr><tr><td>Turkey</td><td>10,024</td><td>8,508</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><td>691</td><td>729</td></tr><tr><td>Other Countries</td><td>5,616</td><td>8,102</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><td>778</td><td>798</td></tr><tr><td>Total Asia</td><td>49,181</td><td>53,895</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><td>4,784</td><td>5,532</td></tr><tr><td>Oceania</td><td>6,085</td><td>7,886</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><td>279</td><td>518</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Egypt</td><td>1,856</td><td>2,504</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><td>86</td><td>135</td></tr><tr><td>Gold Coast</td><td>899</td><td>1,502</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><td>107</td><td>129</td></tr><tr><td>Union of South Africa</td><td>326</td><td>5,702</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><td>496</td><td>299</td></tr><tr><td>Other Countries</td><td>947</td><td>959</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><td>219</td><td>251</td></tr><tr><td>Total Africa</td><td>4,028</td><td>10,666</td><td>737</td><td>667</td><td>1,550</td><td>1,634</td><td>1,248</td><td>1,233</td><td>875</td><td>675</td><td>891</td><td>502</td><td>793</td><td>908</td><td>814</td></tr><tr><td>Grand Total</td><td>312,095</td><td>340,006</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>22,687</td><td>22,441</td><td>28,796</td></tr></table>
Source: Computed on the basis of quantities and values of imports as shown in reports of the Bureau of Foreign and Domestic Commerce
12
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="5">Expenditures</th><th rowspan="2">Excess of expenditures</th></tr><tr><th>Total</th><th>Taxes Employment taxes relating to old-age insurance</th><th>Tax on employer of 8 or more</th><th>Less amounts credited to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th>Net receipts</th><th>Total</th><th>Administrative expenses 2/</th><th>Grants to States</th><th>Refunds of taxes 3/</th></tr><tr><th></th><th></th><th colspan="3">Total</th><th></th><th colspan="3">Total</th><th>Old-age assistance, etc.</th><th>Unemployment compensation administration</th></tr><tr><td>1936</td><td>-</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>-</td><td>28.4</td></tr><tr><td>1937</td><td>252.2</td><td>194.3</td><td>57.8</td><td>265.0</td><td>-12.8</td><td>183.1</td><td>15.8</td><td>166.9</td><td>157.8</td><td>9.1</td><td>.4</td><td>195.9</td></tr><tr><td>1938</td><td>604.4</td><td>514.4</td><td>90.1</td><td>367.0</td><td>217.4</td><td>332.1</td><td>20.0</td><td>271.5</td><td>229.6</td><td>41.9</td><td>40.6</td><td>114.7</td></tr><tr><td>1939</td><td>611.2</td><td>530.4</td><td>100.9</td><td>503.0</td><td>128.2</td><td>343.3</td><td>21.3</td><td>320.3</td><td>261.4</td><td>58.9</td><td>1.7</td><td>215.1</td></tr><tr><td>1940</td><td>712.2</td><td>594.7</td><td>107.5</td><td>537.7 5/</td><td>174.5</td><td>384.2</td><td>25.3</td><td>356.5</td><td>298.2</td><td>58.3</td><td>2.5</td><td>209.7</td></tr><tr><td>1939-November</td><td>125.5</td><td>117.5</td><td>8.0</td><td>43.0</td><td>82.5</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>December</td><td>4.7</td><td>4.1</td><td>.5</td><td>48.0</td><td>-43.3</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-January</td><td>44.8</td><td>31.1</td><td>13.7</td><td>-</td><td>44.8</td><td>41.5</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>February</td><td>172.2</td><td>115.2</td><td>57.0</td><td>-</td><td>172.2</td><td>38.3</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>March</td><td>3.4</td><td>2.3</td><td>1.2</td><td>134.8</td><td>-131.4</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>April</td><td>38.8</td><td>35.8</td><td>3.0</td><td>-</td><td>38.8</td><td>47.9</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>29.2</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 5/</td><td>-131.0</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</td></tr><tr><td>July</td><td>38.6</td><td>38.1</td><td>.5</td><td>35.8</td><td>2.8</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>August</td><td>132.0</td><td>123.8</td><td>8.1</td><td>119.2</td><td>12.8</td><td>34.4</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>September</td><td>3.3</td><td>2.7</td><td>.6</td><td>.5</td><td>2.8</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><tr><td>October</td><td>37.2</td><td>34.5</td><td>2.7</td><td>32.1</td><td>5.1</td><td>56.9</td><td>2.8</td><td>53.9</td><td>38.7</td><td>15.2</td><td>.2</td><td>51.8</td></tr><tr><td>November</td><td>133.1</td><td>125.1</td><td>8.0</td><td>122.7</td><td>10.4</td><td>36.9</td><td>2.7</td><td>34.0</td><td>33.8</td><td>.2</td><td>.2</td><td>26.5</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 re-labured 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 Mancation of the Federal Security Agency.
3/ 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 employee's tax for 1936 collected under Title IX of the Social Security Act. Other refunds are on account of Employment taxes (Title VIII) and Tax on employers of 8 or more (Title IX, Sec. 901) "Other than to States."
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="2">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 expenses1/</th><th>Total investments</th><th>Unexpended 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></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>August</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>September</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><tr><td>October</td><td>1,989.0</td><td>1,901.7</td><td>1,901.7</td><td>-</td><td>87.3</td><td>72.0</td><td>50.6</td><td>21.4</td><td>1,917.0</td><td>1,870.6</td><td>36.0</td><td>10.4</td></tr><tr><td>November</td><td>2,114.2</td><td>2,026.9</td><td>2,026.9</td><td>-</td><td>87.3</td><td>79.2</td><td>55.4</td><td>23.8</td><td>2,035.0</td><td>1,865.6</td><td>158.8</td><td>10.6</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.
13
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<br>Total</th><th>Expenditures<br>Total</th><th>Administrative expense<br>1/</th><th>Transfer to Railroad Retirement account (Trust account)</th><th>Advances to Railroad Unemployment Insurance Account</th><th>Excess of expenditures<br>2/</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>125.3</td><td>128.3</td><td>7.6</td><td>120.7</td><td>-</td><td>2.4</td></tr><tr><td>1939-September</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>December</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-January</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>February</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>March</td><td>27.0</td><td>.6</td><td>.6</td><td>-</td><td>-</td><td>-26.4</td></tr><tr><td>April</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>27.8</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>August</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>September</td><td>26.1</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>-15.6</td></tr><tr><td>October</td><td>.4</td><td>.5</td><td>.5</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>November</td><td>4.9</td><td>20.5</td><td>.5</td><td>20.0</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">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th>Total</th><th>Investments</th><th>Unexpended To credit of appropriations</th><th>To credit of disbursing officer</th></tr><tr><td>1936</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>4.0</td><td>46.6</td><td>-</td><td>46.6</td><td>-</td></tr><tr><td>1937</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>79.8</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>146.5</td><td>146.4</td><td>1.1</td><td>185.6</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>264.8</td><td>253.5</td><td>11.3</td><td>298.7</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>384.9</td><td>374.2</td><td>10.7</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>507.5</td><td>394.2</td><td>113.3</td><td>5.9</td><td>204.9</td><td>79.4</td><td>113.4</td><td>12.1</td></tr><tr><td>August</td><td>513.4</td><td>507.5</td><td>420.2</td><td>87.3</td><td>5.9</td><td>195.0</td><td>85.4</td><td>87.5</td><td>22.2</td></tr><tr><td>September</td><td>513.4</td><td>507.5</td><td>430.2</td><td>77.3</td><td>5.9</td><td>185.0</td><td>85.4</td><td>77.4</td><td>22.2</td></tr><tr><td>October</td><td>504.4</td><td>498.5 2/</td><td>430.2</td><td>68.3</td><td>5.9</td><td>166.0</td><td>85.4</td><td>68.5</td><td>12.1</td></tr><tr><td>November</td><td>504.4</td><td>498.5</td><td>450.2</td><td>48.3</td><td>5.9</td><td>156.0</td><td>85.4</td><td>48.5</td><td>22.1</td></tr></table>
Source: Daily Treasury Statements.
1/ Includes balance of appropriation available for transfers subsequent to June 30, 1937.
2/ Appropriation reduced $9,000,000 to cover transfer for acquisition of service and compensation date (Public Resolution No. 102, seventy-sixth Congress, approved Oct. 9, 1940).
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total receipts</th><th>Deposits by States</th><th colspan="3">Receipts Railroad Unemployment Insurance Account</th><th>Total expenditures</th><th>With-drawals by States</th><th colspan="2">Expenditures Railroad Unemployment Insurance Account</th><th>Total</th><th>Investments</th><th>Lo special deposit account</th><th>Balance Unexpended balances</th><th>Disbursing account (Railroad unemployment benefits and refunds)</th></tr><tr><th></th><th></th><th></th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriations</th><th>Interest on investments</th><th></th><th></th><th>Railroad unemployment benefit payments</th><th>Repayment of advance</th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1936</td><td>18.9</td><td>18.3</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18.9</td><td>18.9</td><td>-</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>312.4</td><td>312.3</td><td>.1</td><td>-</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>884.2</td><td>872.0</td><td>12.2</td><td>-</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>633.3</td><td>633.3</td><td>-</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</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>82.5</td><td>1,146.3</td><td>1,115.7</td><td>14.5</td><td>15.0</td><td>1,724.9</td><td>1,710.0</td><td>13.4</td><td>-</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>-</td><td>1.7</td></tr><tr><td>August</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>-</td><td>1.9</td></tr><tr><td>September</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>10.5</td><td>-</td><td>1.8</td></tr><tr><td>October</td><td>3,152.4</td><td>2,995.7</td><td>58.9</td><td>15.0</td><td>82.8</td><td>1,327.5</td><td>1,294.3</td><td>18.2</td><td>15.0</td><td>1,824.9</td><td>1,821.0</td><td>2.1</td><td>-</td><td>1.8</td></tr><tr><td>November</td><td>3,296.2</td><td>3,115.8</td><td>59.6</td><td>15.0</td><td>82.8</td><td>1,357.1</td><td>1,323.1</td><td>19.0</td><td>15.0</td><td>1,939.1</td><td>1,934.0</td><td>3.1</td><td>-</td><td>2.0</td></tr></table>
Source: Daily Treasury Statements. 1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account
14
Cash Income and Outgo of the Treasury, by Major Classifications
(In millions of dollars)
<table><tr><th></th><th colspan="5">1939</th><th colspan="9">1940</th></tr><tr><th></th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th></tr><tr><td>CASH INCOME 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>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><td>44</td><td>49</td></tr><tr><td>Miscellaneous internal revenue.</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><td>237</td><td>252</td></tr><tr><td>Taxes under Social Security Act.</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><td>37</td><td>133</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>-</td><td>5</td></tr><tr><td>Customs.</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><td>29</td><td>28</td></tr><tr><td>Other.</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><td>18</td><td>18</td></tr><tr><td>Subtotal.</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><td>365</td><td>485</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>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><td>57</td><td>144</td></tr><tr><td>Trust accounts.</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><td>26</td><td>17</td></tr><tr><td>Subtotal.</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><td>83</td><td>161</td></tr><tr><td>Total cash income.</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><td>448</td><td>646</td></tr><tr><td>CASH OUTGO 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>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><td>287</td><td>375</td></tr><tr><td>Social Security Act (grants and administrative expenses) 2/.</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><td>57</td><td>37</td></tr><tr><td>Interest on the public debt.</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><td>69</td><td>7</td></tr><tr><td>Public Works.</td><td>95</td><td>94</td><td>82</td><td>77</td><td>79</td><td>73</td><td>81</td><td>70</td><td>78</td><td>72</td><td>93</td><td>78</td><td>78</td></tr><tr><td>Agricultural aid 3/.</td><td>129</td><td>121</td><td>138</td><td>1</td><td>140</td><td>112</td><td>95</td><td>64</td><td>66</td><td>61</td><td>28</td><td>75</td><td>40</td></tr><tr><td>National Youth Administration.</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><td>7</td><td>9</td></tr><tr><td>Works Projects Administration.</td><td>112</td><td>124</td><td>120</td><td>117</td><td>134</td><td>133</td><td>128</td><td>113</td><td>110</td><td>109</td><td>104</td><td>111</td><td>105</td></tr><tr><td>Other.</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><td>166</td><td>142</td></tr><tr><td>Subtotal.</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><td>865</td><td>793</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>-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><td>-7</td><td>57</td></tr><tr><td>Commodity Credit Corporation.</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><td>21</td><td>24</td></tr><tr><td>Unemployment trust fund.</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><td>34</td><td>30</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>2</td><td>2</td><td>3</td><td>3</td><td>4</td><td>4</td><td>5</td><td>5</td></tr><tr><td>Railroad retirement account.</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><td>10</td><td>10</td></tr><tr><td>Other.</td><td>-14</td><td>82</td><td>5</td><td>-23</td><td>-15</td><td>-16</td><td>-11</td><td>26</td><td>-2</td><td>-21</td><td>51</td><td>36</td><td>31</td></tr><tr><td>Subtotal.</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>84</td><td>99</td><td>157</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>2</td><td>2</td></tr><tr><td>Total cash outgo.</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>831</td><td>966</td><td>952</td></tr><tr><td>EXCESS OF CASH OUTGO.</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>75</td><td>518</td><td>306</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 February 1939 Bulletin.
2/ Includes refunds of taxes.
3/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration and Farm Tenant Act.
Total Cash Income and Outgo, by Months
(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>433</td><td>541</td><td>852</td><td>389</td><td>433</td><td>930</td><td>7,063</td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</td><td>448</td><td>646</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>831</td><td>966</td><td>952</td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1935</td><td>239</td><td>299</td><td>44</td><td>384</td><td>290</td><td>258</td><td>336</td><td>241</td><td>170</td><td>398</td><td>248</td><td>179</td><td>2,998</td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,116</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>331</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>10</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>137</td><td>1,693</td></tr><tr><td>1939</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>199</td><td>283</td><td>400</td><td>139</td><td>382</td><td>100</td><td>332</td><td>2,930</td></tr><tr><td>1940</td><td>328</td><td>65</td><td>-138</td><td>407</td><td>130</td><td>104</td><td>357</td><td>146</td><td>75</td><td>518</td><td>306</td><td></td><td></td></tr></table>
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1935 to Date
15
TREASURY GENERAL FUND AND PUBLIC DEBT
16
1
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>Current liabilities</th></tr><tr><th></th><th>Total</th><th>Working balance</th><th>Seigniorage</th><th>Increment on gold</th><th>Inactive gold</th><th>Total</th><th>Bullion, coins and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposits account of sales of Government securities</th><th>All other deposits and collections</th><th></th></tr><tr><td>1933</td><td>862</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,203</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>1,581</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>2,582</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>2,594</td><td>970</td><td>556</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>546</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>85</td><td>147</td></tr><tr><td>1939- November</td><td>2,165</td><td>1,462</td><td>561</td><td>142</td><td>-</td><td>2,390</td><td>1,042</td><td>471</td><td>755</td><td>82</td><td>185</td></tr><tr><td>December</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- January</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>February</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>March</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>April</td><td>2,210</td><td>1,466</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>August</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>September</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><tr><td>October</td><td>1,920</td><td>1,183</td><td>594</td><td>143</td><td>-</td><td>2,101</td><td>904</td><td>391</td><td>713</td><td>93</td><td>181</td></tr><tr><td>November</td><td>1,817</td><td>1,078</td><td>596</td><td>143</td><td>-</td><td>1,976</td><td>911</td><td>268</td><td>705</td><td>92</td><td>159</td></tr></table>
Sources: Daily Treasury Statements
Statement of the Outstanding Public Debt on June 30, 1940 and November 30, 1940
(In millions of dollars)
<table><tr><th></th><th>June 30, 1940</th><th>Sov. 30, 1940</th><th>Change</th><th></th><th>June 30, 1940</th><th>Sov. 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-var and Postal</td><td></td><td></td><td></td><td>Government Life Insurance Fund</td><td>524</td><td>506</td><td>-18</td></tr><tr><td>Savings bonds</td><td>196</td><td>196</td><td>-</td><td>Federal Old-Age and Survivors</td><td></td><td></td><td></td></tr><tr><td>Treasury bonds</td><td>26,555</td><td>27,960</td><td>+1,405</td><td>Insurances Trust Fund</td><td>1,738</td><td>1,866</td><td>+128</td></tr><tr><td>U. S. Savings bonds</td><td>2,905</td><td>3,123</td><td>+218</td><td>Railroad Retirement Account</td><td>80</td><td>85</td><td>+5</td></tr><tr><td>Adjusted Service bonds</td><td>261</td><td>251</td><td>-10</td><td>Government retirement funds</td><td>559</td><td>639</td><td>+80</td></tr><tr><td>Treasury notes</td><td>6,383</td><td>5,660</td><td>-723</td><td>Adjusted Service Certificate Fund</td><td>11</td><td>10</td><td>-1</td></tr><tr><td>Treasury bills</td><td>1,302</td><td>1,305</td><td>+6</td><td>Unemployment Trust Fund</td><td>1,710</td><td>1,934</td><td>+224</td></tr><tr><td>Matured debt on which</td><td></td><td></td><td></td><td>Postal Savings System</td><td>97</td><td>97</td><td>-</td></tr><tr><td>interest has ceased</td><td>205</td><td>187</td><td>-18</td><td>Federal Deposit Insurance Corporation</td><td>56</td><td>70</td><td>+14</td></tr><tr><td>Debt bearing no interest</td><td>386</td><td>379</td><td>-7</td><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>2</td><td>+2</td></tr><tr><td>Total Market issues, etc.</td><td>38,193</td><td>39,064</td><td>+871</td><td>Total Special issues</td><td>4,775</td><td>5,209</td><td>+434</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt</td><td>42,968</td><td>44,273</td><td>+1,305</td></tr></table>
Source: 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="4">Expenditures</th><th rowspan="2">Excess of Receipts</th></tr><tr><th>Total</th><th colspan="3">Market Operations</th><th rowspan="1">Special Series</th><th>Total</th><th colspan="2">Market Operations</th><th rowspan="1">Special Series</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></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>5,679.2</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1939-November</td><td>1,311.8</td><td>607.6</td><td>.6</td><td>515.2</td><td>188.4</td><td>1,042.8</td><td>524.8</td><td>515.2</td><td>2.8</td><td>269.0</td></tr><tr><td>December</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-January</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>631.1</td><td>.1</td><td>26.1</td><td>167.3</td></tr><tr><td>February</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>March</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>460.1</td><td>718.0</td><td>32.9</td><td>174.6</td></tr><tr><td>April</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>August</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>September</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><tr><td>October</td><td>1,337.5</td><td>557.6</td><td>.2</td><td>724.7</td><td>55.0</td><td>1,273.2</td><td>531.7</td><td>724.7</td><td>16.8</td><td>64.3</td></tr><tr><td>November</td><td>567.1</td><td>452.2</td><td>.2</td><td>-</td><td>114.8</td><td>431.6</td><td>424.5</td><td>-</td><td>7.1</td><td>135.5</td></tr></table>
Source: Daily Treasury Statements
18
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="4">Direct obligations</th><th colspan="3">Guaranteed obligations 1/</th></tr><tr><th>Special issues</th><th>U. S. Savings Bonds, 3½ Adjusted Service Bonds of 1945, and 2½ Postal Savings Bonds 3/</th><th>Market issues</th><th>Federal Reserve Banks 4/</th><th>U. S. Savings Bonds and ½ Adjusted Service Bonds of 1945</th><th>Market issues otherwise held 5/</th><th>Total unmatured direct obligations outstanding</th><th>Government agencies and trust funds and Federal Reserve Banks</th><th>Market issues otherwise held</th><th>Total unmatured guaranteed obligations outstanding</th></tr><tr><td>1933</td><td>323</td><td>14</td><td>352</td><td>1,998</td><td>-</td><td>19,471</td><td>22,158</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>396</td><td>15</td><td>335</td><td>2,430</td><td>-</td><td>22,754</td><td>26,480</td><td>155</td><td>526</td><td>681</td></tr><tr><td>1935</td><td>633</td><td>17</td><td>970</td><td>2,430</td><td>62</td><td>23,533</td><td>27,645</td><td>378</td><td>3,745</td><td>4,123</td></tr><tr><td>1936</td><td>626</td><td>20</td><td>1,291</td><td>2,430</td><td>1,261</td><td>27,361</td><td>32,989</td><td>392</td><td>4,326</td><td>4,718</td></tr><tr><td>1937</td><td>1,558</td><td>22</td><td>1,533</td><td>2,526</td><td>1,188</td><td>28,873</td><td>35,800</td><td>381</td><td>4,284</td><td>4,665</td></tr><tr><td>1938</td><td>2,675</td><td>25</td><td>1,754</td><td>2,564</td><td>1,556</td><td>28,001</td><td>36,576</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>2,151</td><td>29,571</td><td>39,886</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>2,013</td><td>2,463</td><td>3,166</td><td>29,931</td><td>42,377</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>1939-November</td><td>4,295</td><td>23</td><td>1,895</td><td>2,526</td><td>2,412</td><td>29,651</td><td>40,807</td><td>305</td><td>5,316</td><td>5,621</td></tr><tr><td>December</td><td>4,231</td><td>28</td><td>2,017</td><td>2,472</td><td>2,480</td><td>30,217</td><td>41,445</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>1940-January</td><td>4,256</td><td>28</td><td>2,027</td><td>2,465</td><td>2,714</td><td>30,081</td><td>41,601</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>February</td><td>4,356</td><td>29</td><td>2,009</td><td>2,465</td><td>2,879</td><td>30,101</td><td>41,839</td><td>290</td><td>5,331</td><td>5,621</td></tr><tr><td>March</td><td>4,471</td><td>29</td><td>2,014</td><td>2,463</td><td>2,975</td><td>30,031</td><td>41,983</td><td>291</td><td>5,333</td><td>5,624</td></tr><tr><td>April</td><td>4,496</td><td>29</td><td>2,007</td><td>2,456</td><td>3,085</td><td>30,044</td><td>42,117</td><td>289</td><td>5,335</td><td>5,624</td></tr><tr><td>May</td><td>4,585</td><td>29</td><td>2,009</td><td>2,467</td><td>3,134</td><td>30,029</td><td>42,253</td><td>289</td><td>5,208</td><td>5,497</td></tr><tr><td>June</td><td>4,775</td><td>29</td><td>2,013</td><td>2,463</td><td>3,166</td><td>29,931</td><td>42,377</td><td>289</td><td>5,209</td><td>5,498</td></tr><tr><td>July</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>August</td><td>4,934</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>287</td><td>5,501</td><td>5,788</td></tr><tr><td>September</td><td>5,063</td><td>30</td><td>1,983</td><td>2,417</td><td>3,298</td><td>30,683</td><td>43,480</td><td>286</td><td>5,501</td><td>5,787</td></tr><tr><td>October</td><td>5,101</td><td>30</td><td>1,982</td><td>2,328</td><td>3,336</td><td>30,783</td><td>43,560</td><td>284</td><td>5,506</td><td>5,790</td></tr><tr><td>November 6/</td><td>5,209</td><td>30</td><td>1,982</td><td>2,200</td><td>3,374</td><td>30,912</td><td>43,707</td><td>284</td><td>5,617</td><td>5,901</td></tr></table>
Source: Holdings of Government agencies and trust funds, 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 Daily Treasury Statements
1 2 3 4 5
Excludes, other figures on basis of daily treasury Statements. Excludes obligations sold directly to the Treasury. Includes Production Credit Associations and Joint Stock land banks; excludes Exchange Stabilization Fund. Includes 2½% Postal Savings bonds held by the Postal Savings System. Figures are for Wednesday nearest end of month. Includes 2½% Postal Savings bonds held other than by Government agencies and trust funds.
Figures partly estimated.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(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>Sopt.</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>3.3</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>119.5</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.3</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>33.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.5</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>-1.5</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-.3</td><td>-4.4</td><td>-.3</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><th rowspan="2">Non-interest-bearing debt</th></tr><tr><th colspan="3">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and certificates of indebtedness</th><th colspan="2">Special issues</th><th rowspan="2">Matured debt</th></tr><tr><th>Total</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>15,510</td><td>62.4</td><td>6,053</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>27,045</td><td>14,916</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>13,628</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>35,900</td><td>13,322</td><td>59.5</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>36,575</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</td><td>141</td><td>447</td></tr><tr><td>1939</td><td>40,439</td><td>39,886</td><td>27,565</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td></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-November</td><td>41,305</td><td>40,807</td><td>17,826</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>December</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-January</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>February</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>March</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>April</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>30,547</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>August</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>September</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><tr><td>October</td><td>44,137</td><td>43,560</td><td>31,492</td><td>72.3</td><td>5,660</td><td>13.0</td><td>1,307</td><td>3.0</td><td>5,102</td><td>11.7</td><td>197</td><td>380</td></tr><tr><td>November</td><td>44,273</td><td>43,707</td><td>31,530</td><td>72.1</td><td>5,660</td><td>12.9</td><td>1,303</td><td>3.0</td><td>5,209</td><td>11.9</td><td>187</td><td>379</td></tr></table>
Source: Daily Treasury Statements.
INTEREST-BEARING PUBLIC DEBT Daily Statement Basis
OUTSTANDING
19
20
Statement Showing Details of Major Financing Operations of the Treasury Since July 1, 1937
(In millions of dollars)
<table><tr><th rowspan="2">Date of issue</th><th rowspan="2">Rate per cent</th><th rowspan="2">Term</th><th rowspan="2">Call and maturity dates</th><th colspan="2">Amount issued</th><th rowspan="2">Amount of cash subscrip-tions teodered</th><th colspan="6">New securities allotted</th></tr><tr><th>Treasury bonds</th><th>Treasury notes and certifi-cates</th><th>For cash</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Amount of 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 moe.</td><td>Dec. 15, 1938</td><td>-</td><td>433</td><td>-</td><td>-</td><td>-</td><td>433</td><td>Sept. 15, 1932</td><td>3-1/4</td><td>Sept.15, 1937</td></tr><tr><td>Sept. 15.</td><td>2</td><td>5 years</td><td>Sept. 15, 1942</td><td>-</td><td>342</td><td>-</td><td>-</td><td>-</td><td>342</td><td>Sept. 15, 1932</td><td>3-1/4</td><td>Sept.15, 1937</td></tr><tr><td>Dec. 15.</td><td>2-1/2</td><td>8 years</td><td>Dec. 15, 1945</td><td>541</td><td>-</td><td>4,084</td><td>294</td><td>-</td><td>247</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1, 1938</td></tr><tr><td>Dec. 15.</td><td>1-3/4</td><td>5 years</td><td>Dec. 15, 1942</td><td>-</td><td>232</td><td>2,702</td><td>219</td><td>-</td><td>13</td><td>Feb. 1, 1933</td><td>2-5/8</td><td>Feb. 1, 1938</td></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>3-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>591</td><td>-</td><td>5,732</td><td>403</td><td>-</td><td>188</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>2</td><td>9 years</td><td>Dec. 15, 1947</td><td>701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>701</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>-</td><td>39</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>894</td><td>-</td><td>-</td><td>-</td><td>-</td><td>894</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 9/15/38)</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>319</td><td>-</td><td>-</td><td>-</td><td>-</td><td>319</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 12/15/38)</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>-</td><td>53</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>June 15.</td><td>3/4</td><td>5 years</td><td>June 15, 1944</td><td>-</td><td>416</td><td>-</td><td>-</td><td>-</td><td>416</td><td>June 15, 1937</td><td>1-3/8</td><td>Sept.15, 1939</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 4 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>{6,264 501/</td><td>521 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>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>Dec. 15, 1940</td></tr><tr><td>Dec. 182.</td><td>3/4</td><td>5 years</td><td>Dec. 15, 1945</td><td>-</td><td>531</td><td>4,071</td><td>531</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Back Figures: For financings in fiscal years 1934-37 see March 1939 Bulletin, pp. 16-17. 1/ These amounts were sold to Government investment accounts direct. 2/ National Defense series.
21
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding
As of November 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</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1940</td><td></td><td></td><td></td><td>1940</td><td></td><td></td><td></td></tr><tr><td>1-1/24 Notes C - 12/15 40......</td><td>401</td><td></td><td></td><td>Bills 1-1/24 Notes C - 12/15 40......</td><td>401</td><td></td><td></td></tr><tr><td>Total</td><td>413</td><td>-</td><td>413</td><td>Total</td><td>413</td><td>-</td><td>413</td></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>605</td><td></td><td></td><td>Bills (Nat. Defense Series)</td><td>605</td><td></td><td></td></tr><tr><td>1-1/24 Notes A - 3/15 41......</td><td>302</td><td></td><td></td><td>1-1/24 Notes A - 3/15 41......</td><td>302</td><td></td><td></td></tr><tr><td>1-1/84 Bonds - 3/15 41-43 1/4</td><td>677</td><td></td><td></td><td>1-3/84 Bonds - 3/15 41-43 1/4</td><td>577</td><td></td><td></td></tr><tr><td>1-1/34 Notes B - 6/15 41......</td><td>504</td><td></td><td></td><td>1-3/84 Bonds B - 6/15 41......</td><td>504</td><td></td><td></td></tr><tr><td>1-1/44 Bonds - 8/1 41......</td><td>834</td><td></td><td></td><td>1-1/44 Bonds - 8/1 41......</td><td>834</td><td></td><td></td></tr><tr><td>1-1/44 Notes C - 12/15 41......</td><td>204</td><td></td><td></td><td>1-1/44 Notes C - 12/15 41......</td><td>204</td><td></td><td></td></tr><tr><td>Total</td><td>3,671</td><td>-</td><td>4,084</td><td>Total</td><td>3,671</td><td>-</td><td>4,084</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>1-3/4% Notes A - 3/15 42......</td><td>426</td><td></td><td></td><td>1-3/4% Notes A - 3/15 42......</td><td>426</td><td></td><td></td></tr><tr><td>2% Notes B - 9/15 42......</td><td>342</td><td></td><td></td><td>2% Notes B - 9/15 42......</td><td>342</td><td></td><td></td></tr><tr><td>1-3/4% Notes C - 12/15 42......</td><td>232</td><td></td><td></td><td>1-3/4% Notes C - 12/15 42......</td><td>232</td><td></td><td></td></tr><tr><td>Total</td><td>1,000</td><td>-</td><td>5,084</td><td>Total</td><td>1,000</td><td>-</td><td>5,084</td></tr><tr><td>1943</td><td></td><td></td><td></td><td>1943</td><td></td><td></td><td></td></tr><tr><td>1-1/8% Notes A - 6/15 43......</td><td>629</td><td>454</td><td></td><td>1-1/8% Notes A - 6/15 43......</td><td>629</td><td></td><td></td></tr><tr><td>1-1/8% Bonds - 6/15 43-47......</td><td>279</td><td></td><td></td><td>1-1/8% Notes C - 9/15 43......</td><td>279</td><td></td><td></td></tr><tr><td>1-3/4% Notes C - 9/15 43......</td><td>279</td><td></td><td></td><td>1-1/8% Notes B - 12/15 43......</td><td>421</td><td></td><td></td></tr><tr><td>1-1/4% Bonds - 10/15 43-45......</td><td>421</td><td>1,401</td><td></td><td>Total</td><td>1,329</td><td>-</td><td>6,413</td></tr><tr><td>1-1/8% Notes B - 12/15 43......</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1% Notes B - 3/15 44......</td><td>515</td><td>1,519</td><td></td><td>1% Notes B - 3/15 44......</td><td>515</td><td></td><td></td></tr><tr><td>1-1/4% Bonds - 4/15 44-46......</td><td>416</td><td></td><td></td><td>3/4% Notes A - 6/15 44......</td><td>416</td><td></td><td></td></tr><tr><td>3/4% Notes A - 6/15 44......</td><td>416</td><td></td><td></td><td>1% Notes C - 9/15 44......</td><td>283</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15 44......</td><td>283</td><td>1,037</td><td></td><td>Total</td><td>1,214</td><td>-</td><td>7,627</td></tr><tr><td>Total</td><td>1,214</td><td>2,556</td><td>12,038</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes A - 3/15 45......</td><td>718</td><td>1,214</td><td></td><td>3/4% Notes A - 3/15 45......</td><td>718</td><td>1,401</td><td></td></tr><tr><td>1-3/4% Bonds - 9/15 45-47......</td><td>541</td><td></td><td></td><td>1-3/4% Bonds - 10/15 45-47......</td><td>541</td><td></td><td></td></tr><tr><td>2-1/24 Bonds - 12/15 45......</td><td>541</td><td>1,214</td><td></td><td>2-1/24 Bonds - 12/15 45......</td><td>541</td><td>1,401</td><td></td></tr><tr><td>Total</td><td>1,259</td><td>1,214</td><td>14,511</td><td>Total</td><td>1,259</td><td>1,401</td><td>10,287</td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td>3% Conversion bonds - 1/1 46......</td><td>16</td><td>489</td><td></td><td>3% Conversion bonds - 1/1 46......</td><td>16</td><td>1,519</td><td></td></tr><tr><td>1-3/4% Bonds - 3/15 46-48......</td><td>1,036</td><td></td><td></td><td>1-3/4% Bonds - 4/15 46-48......</td><td>1,519</td><td></td><td></td></tr><tr><td>1-3/8% Bonds - 6/15 46-49......</td><td>819</td><td>2,344</td><td></td><td>Total</td><td>16</td><td>1,519</td><td>11,822</td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>16,871</td><td></td><td></td><td></td><td></td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td>3% Conversion bonds - 1/1 47......</td><td>13</td><td>759</td><td></td><td>3% Conversion bonds - 1/1 47......</td><td>13</td><td>454</td><td></td></tr><tr><td>1-1/4% Bonds - 10/15 47-52......</td><td>701</td><td></td><td></td><td>1-3/8% Bonds - 6/15 47-47......</td><td>1,214</td><td></td><td></td></tr><tr><td>2% Bonds - 12/15 47......</td><td>714</td><td>759</td><td></td><td>2-3/4% Bonds - 9/15 47-47......</td><td>701</td><td>1,668</td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>18,144</td><td>Total</td><td>714</td><td>1,668</td><td>14,204</td></tr><tr><td>1948</td><td></td><td></td><td></td><td>1948</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 3/15 48-51......</td><td>451</td><td>1,223</td><td></td><td>3% Bonds - 6/15 48-48......</td><td>1,036</td><td></td><td></td></tr><tr><td>2-1/24 Bonds - 9/15 48......</td><td>571</td><td></td><td></td><td>2-1/24 Bonds - 9/15 48......</td><td>451</td><td>1,036</td><td></td></tr><tr><td>2% Bonds - 12/15 48-50......</td><td>451</td><td>1,794</td><td></td><td>Total</td><td>451</td><td>1,036</td><td>15,691</td></tr><tr><td>Total</td><td>451</td><td>1,794</td><td>20,589</td><td></td><td></td><td></td><td></td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/24 Bonds - 12/15 49-53......</td><td>1,786</td><td>491</td><td></td><td>1-3/8% Bonds - 6/15 49-49......</td><td>819</td><td></td><td></td></tr><tr><td>1-1/8% Bonds - 12/15 49-52......</td><td>491</td><td></td><td></td><td>Total</td><td>-</td><td>819</td><td>16,510</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>22,866</td><td></td><td></td><td></td><td></td></tr><tr><td>1950</td><td></td><td></td><td></td><td>1950</td><td></td><td></td><td></td></tr><tr><td>2-1/24 Bonds - 9/15 50-52......</td><td>1,186</td><td>571</td><td></td><td>2% Bonds - 12/15 48-50......</td><td>571</td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>24,052</td><td>Total</td><td>-</td><td>571</td><td>17,081</td></tr><tr><td>1951</td><td></td><td></td><td></td><td>1951</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 6/15 51-54......</td><td>1,627</td><td>1,223</td><td></td><td>2-3/4% Bonds - 3/15 48-51......</td><td>1,223</td><td></td><td></td></tr><tr><td>3% Bonds - 9/15 51-55......</td><td>755</td><td></td><td></td><td>Total</td><td>-</td><td>1,223</td><td>18,304</td></tr><tr><td>2-1/4% Bonds - 12/15 51-53......</td><td>1,118</td><td>3,500</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>3,500</td><td>27,552</td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
22
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding 1/ As of November 30, 1940 - (Continued)
(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>1952</td><td>-</td><td>-</td><td>27,552</td><td>1952</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonde - 9/15 50-52.</td><td></td><td></td><td></td><td>2-1/2% Bonde - 9/15 50-52.</td><td></td><td>1,186</td><td></td></tr><tr><td>4-1/4% Bonde - 10/15 47-52.</td><td></td><td></td><td></td><td>4-1/4% Bonde - 10/15 47-52.</td><td></td><td>759</td><td></td></tr><tr><td>3-1/8% Bonde - 12/15 49-52.</td><td></td><td></td><td></td><td>3-1/8% Bonde - 12/15 49-52.</td><td></td><td>491</td><td></td></tr><tr><td>Total</td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,436</td><td>20,740</td></tr><tr><td>1953</td><td></td><td></td><td></td><td>1953</td><td></td><td></td><td></td></tr><tr><td>2% Bonde - 6/15 53-55.</td><td></td><td>725</td><td></td><td>2-1/4% Bonde - 12/15 51-53.</td><td></td><td>1,118</td><td></td></tr><tr><td>Total</td><td>-</td><td>725</td><td>28,277</td><td>2-1/2% Bonde - 12/15 49-53.</td><td></td><td>1,786</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,904</td><td>23,044</td></tr><tr><td>1954</td><td></td><td></td><td></td><td>1954</td><td></td><td></td><td></td></tr><tr><td>2-1/4% Bonde - 6/15 54-56.</td><td></td><td>681</td><td></td><td>2-3/4% Bonde - 6/15 51-54.</td><td></td><td>1,627</td><td></td></tr><tr><td>Total</td><td>-</td><td>681</td><td>28,958</td><td>4% Bonde - 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>26,308</td></tr><tr><td>1955</td><td></td><td></td><td></td><td>1955</td><td></td><td></td><td></td></tr><tr><td>2-7/8% Bonde - 3/15 55-60.</td><td></td><td>2,611</td><td></td><td>2% Bonde - 6/15 53-55.</td><td></td><td>725</td><td></td></tr><tr><td>Total</td><td>-</td><td>2,611</td><td>31,569</td><td>3% Bonde - 9/15 51-55.</td><td></td><td>755</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,480</td><td>27,788</td></tr><tr><td>1956</td><td></td><td></td><td></td><td>1956</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonde - 9/15 56-59.</td><td></td><td>982</td><td></td><td>3-3/4% Bonde - 3/15 46-56.</td><td></td><td>489</td><td></td></tr><tr><td>Total</td><td>-</td><td>982</td><td>32,551</td><td>2-1/4% Bonde - 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>28,958</td></tr><tr><td>1957</td><td></td><td>-</td><td>32,551</td><td>1957</td><td>-</td><td>-</td><td>28,958</td></tr><tr><td>1958</td><td></td><td></td><td></td><td>1958</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonde - 6/15 58-63.</td><td></td><td>919</td><td></td><td></td><td>-</td><td>-</td><td>28,958</td></tr><tr><td>Total</td><td>-</td><td>919</td><td>33,470</td><td></td><td></td><td></td><td></td></tr><tr><td>1959</td><td></td><td>-</td><td>33,470</td><td>1959</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% Bonde - 9/15 56-59.</td><td></td><td>982</td><td></td></tr><tr><td>1960</td><td></td><td></td><td></td><td>Total</td><td>-</td><td>982</td><td>29,940</td></tr><tr><td>2-3/4% Bonde - 12/15 60-65.</td><td></td><td>1,485</td><td></td><td>1960</td><td></td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>1,485</td><td>34,955</td><td>2-7/8% Bonde - 3/15 55-60.</td><td></td><td>2,611</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>2,611</td><td>32,552</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></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>35,005</td><td>Total</td><td>50</td><td>-</td><td>32,601</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>35,005</td><td>1962</td><td>-</td><td>-</td><td>32,601</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>35,005</td><td>1963</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% Bonde - 6/15 58-63.</td><td></td><td>919</td><td></td></tr><tr><td>1964</td><td>-</td><td>-</td><td>35,005</td><td>Total</td><td>-</td><td>919</td><td>33,520</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>35,005</td><td>1964</td><td>-</td><td>-</td><td>33,520</td></tr><tr><td></td><td></td><td></td><td></td><td>1965</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% Bonde - 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>35,005</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 figures.
3/ Fixed-maturity issues are classified by year in which due.
4/ Called for redemption on March 15, 1941.
23
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 rate of interest (Percent)</th></tr><tr><td>1931.</td><td>$22,157,543,120</td><td>$742,175,955</td><td>3.350</td></tr><tr><td>1934.</td><td>26,480,487,870</td><td>842,301,131</td><td>3.181</td></tr><tr><td>1935.</td><td>27,645,241,088</td><td>750,575,123</td><td>2.715</td></tr><tr><td>1936.</td><td>32,988,790,135</td><td>844,996,902</td><td>2.562</td></tr><tr><td>1937.</td><td>35,800,109,418</td><td>924,275,241</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>39,585,969,732</td><td>1,035,937,397</td><td>2.600</td></tr><tr><td>1940.</td><td>42,376,495,928</td><td>1,094,519,914</td><td>2.583</td></tr><tr><td>1939-November.</td><td>40,806,570,235</td><td>1,058,487,906</td><td>2.594</td></tr><tr><td>December.</td><td>41,445,461,769</td><td>1,076,615,135</td><td>2.598</td></tr><tr><td>1940-January.</td><td>41,601,096,741</td><td>1,084,974,743</td><td>2.608</td></tr><tr><td>February.</td><td>41,839,478,210</td><td>1,091,342,623</td><td>2.608</td></tr><tr><td>March.</td><td>41,983,313,887</td><td>1,090,454,902</td><td>2.597</td></tr><tr><td>April.</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>1,097,517,438</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>August.</td><td>43,316,616,931</td><td>1,118,109,481</td><td>2.581</td></tr><tr><td>September.</td><td>43,479,954,349</td><td>1,121,989,746</td><td>2.580</td></tr><tr><td>October.</td><td>43,560,308,589</td><td>1,127,497,712</td><td>2.588</td></tr><tr><td>November.</td><td>43,706,990,015</td><td>1,131,161,393</td><td>2.588</td></tr></table>
Basis: Daily Treasury Statements. 
r Revised to basis of Daily Treasury Statements. 
1 Treasury bills are included in interest-bearing debt figures at face amount, but for the purposes 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
(Percent)
<table><tr><th></th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th></th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th></th><th>Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></tr><tr><td>Monthly 1/</td><td></td><td></td><td></td><td>Weekly (continued) 4/</td><td></td><td></td><td></td><td>Daily (continued)</td><td></td><td></td><td></td></tr><tr><td>1933-Nov....</td><td>2.46</td><td>2.93</td><td>.47</td><td>1940-Sept. 4</td><td>2.21</td><td>2.79</td><td>.58</td><td>1940-Nov. 13</td><td>1.96</td><td>2.66</td><td>.70</td></tr><tr><td>Dec....</td><td>2.35</td><td>2.86</td><td>.51</td><td>11</td><td>2.19</td><td>2.72</td><td>.53</td><td>14</td><td>1.95</td><td>2.65</td><td>.70</td></tr><tr><td>1940-Jan....</td><td>2.30</td><td>2.81</td><td>.51</td><td>18</td><td>2.17</td><td>2.70</td><td>.53</td><td>15</td><td>1.96</td><td>2.65</td><td>.69</td></tr><tr><td>Feb....</td><td>2.32</td><td>2.79</td><td>.47</td><td>25</td><td>2.14</td><td>2.69</td><td>.55</td><td>16</td><td>1.96</td><td>2.65</td><td>.69</td></tr><tr><td>Mar....</td><td>2.25</td><td>2.77</td><td>.52</td><td>Oct. 2</td><td>2.14</td><td>2.69</td><td>.55</td><td>18</td><td>1.96</td><td>2.65</td><td>.69</td></tr><tr><td>Apr....</td><td>2.25</td><td>2.74</td><td>.49</td><td>9</td><td>2.10</td><td>2.71</td><td>.61</td><td>19</td><td>1.94</td><td>2.63</td><td>.69</td></tr><tr><td>May....</td><td>2.38</td><td>2.87</td><td>.49</td><td>16</td><td>2.08</td><td>2.70</td><td>.62</td><td>20</td><td>1.94</td><td>2.64</td><td>.70</td></tr><tr><td>June....</td><td>2.39</td><td>2.93</td><td>.54</td><td>23</td><td>2.09</td><td>2.71</td><td>.62</td><td>21</td><td>-</td><td>-</td><td>-</td></tr><tr><td>July....</td><td>2.38</td><td>2.85</td><td>.47</td><td>30</td><td>2.08</td><td>2.68</td><td>.60</td><td>22</td><td>1.94</td><td>2.63</td><td>.69</td></tr><tr><td>Aug....</td><td>2.25</td><td>2.80</td><td>.55</td><td>Nov. 6</td><td>2.04</td><td>2.69</td><td>.65</td><td>23</td><td>1.94</td><td>2.64</td><td>.70</td></tr><tr><td>Sept....</td><td>2.18</td><td>2.71</td><td>.53</td><td>13</td><td>1.96</td><td>2.66</td><td>.70</td><td>25</td><td>1.93</td><td>2.64</td><td>.72</td></tr><tr><td>Oct....</td><td>2.10</td><td>2.70</td><td>.60</td><td>20</td><td>1.94</td><td>2.64</td><td>.70</td><td>26</td><td>1.92</td><td>2.63</td><td>.71</td></tr><tr><td>Nov....</td><td>1.97</td><td>2.65</td><td>.68</td><td>27</td><td>1.92</td><td>2.62</td><td>.70</td><td>27</td><td>1.92</td><td>2.62</td><td>.70</td></tr><tr><td></td><td></td><td></td><td></td><td>Dec. 4</td><td>1.92</td><td>2.61</td><td>.69</td><td>28</td><td>1.94</td><td>2.63</td><td>.69</td></tr><tr><td>Weekly 1/</td><td></td><td></td><td></td><td>11</td><td>1.87</td><td>2.59</td><td>.72</td><td>29</td><td>1.94</td><td>2.62</td><td>.68</td></tr><tr><td>1940-June 5</td><td>2.49</td><td>2.98</td><td>.49</td><td></td><td></td><td></td><td></td><td>30</td><td>1.94</td><td>2.61</td><td>.67</td></tr><tr><td>12</td><td>2.41</td><td>2.98</td><td>.57</td><td>Daily</td><td></td><td></td><td></td><td>Dec. 2</td><td>1.94</td><td>2.61</td><td>.67</td></tr><tr><td>19</td><td>2.34</td><td>2.91</td><td>.57</td><td>1940-Nov. 1</td><td>2.08</td><td>2.70</td><td>.62</td><td>3</td><td>1.93</td><td>2.61</td><td>.68</td></tr><tr><td>26</td><td>2.34</td><td>2.88</td><td>.54</td><td>2</td><td>2.07</td><td>2.70</td><td>.63</td><td>4</td><td>1.92</td><td>2.61</td><td>.69</td></tr><tr><td>July 3</td><td>2.29</td><td>2.85</td><td>.56</td><td>4</td><td>2.07</td><td>2.69</td><td>.62</td><td>5</td><td>1.92</td><td>2.59</td><td>.67</td></tr><tr><td>10</td><td>2.30</td><td>2.86</td><td>.56</td><td>5</td><td>-</td><td>-</td><td>-</td><td>6</td><td>1.92</td><td>2.59</td><td>.67</td></tr><tr><td>17</td><td>2.28</td><td>2.85</td><td>.57</td><td>6</td><td>2.04</td><td>2.69</td><td>.65</td><td>7</td><td>1.91</td><td>2.59</td><td>.68</td></tr><tr><td>24</td><td>2.26</td><td>2.85</td><td>.59</td><td>7</td><td>1.98</td><td>2.68</td><td>.70</td><td>9</td><td>1.89</td><td>2.59</td><td>.70</td></tr><tr><td>31</td><td>2.24</td><td>2.83</td><td>.59</td><td>8</td><td>1.95</td><td>2.68</td><td>.73</td><td>10</td><td>1.86</td><td>2.60</td><td>.74</td></tr><tr><td>Aug. 7</td><td>2.24</td><td>2.81</td><td>.57</td><td>9</td><td>1.94</td><td>2.67</td><td>.73</td><td>11</td><td>1.87</td><td>2.59</td><td>.72</td></tr><tr><td>14</td><td>2.28</td><td>2.82</td><td>.54</td><td>11</td><td>-</td><td>-</td><td>-</td><td>12</td><td>1.87</td><td>2.58</td><td>.71</td></tr><tr><td>21</td><td>2.25</td><td>2.80</td><td>.55</td><td>12</td><td>1.95</td><td>2.67</td><td>.72</td><td>13</td><td>1.86</td><td>2.58</td><td>.72</td></tr><tr><td>28</td><td>2.25</td><td>2.80</td><td>.55</td><td></td><td></td><td></td><td></td><td>14</td><td>1.86</td><td>2.59</td><td>.73</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. 2/ Average of 5 bonds. 3/ Average of daily figures. 4/ Wednesday figures. 5/ Reflects change in composition of Treasury bond average.
COMPARATIVE YIELDS OF AVERAGE OF ALL LONG-TERM U.S. TREASURY AND AVERAGE OF HIGH-GRADE CORPORATE BONDS
Yields Based on Wednesday Quotations
Break in line indicates change in composition of Long-term Treasury average
24
YIELDS OF TREASURY BONDS AND NOTES DEC 16, 1940
Based on Closing Prices
25
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES
— 26 —
27
Assets and Liabilities of Governmental Corporations and Credit Agencies and Analysis of Proprietary Interest of the United States as of October 31, 1940
(In millions of dollars)
<table><tr><th rowspan="2"></th><th rowspan="2">Assets 1/</th><th colspan="3">Liabilities and reserves 1/</th><th rowspan="2">Excess of assets (Total proprietary interest) 1/</th><th colspan="5">Proprietary interest</th></tr><tr><th>Total</th><th>Guaranteed by United States (includes accrued interest)</th><th>Not guaranteed by United States</th><th>Privately owned</th><th>Total</th><th>Owned by United States</th><th>Capital stock</th><th>Surplus</th><th>Non-stock</th><th>Special obligations held by the Treasury</th><th>Other 2/</th></tr><tr><td>Bank for Cooperatives</td><td>149.7</td><td>2.9</td><td>-</td><td>2.9</td><td>146.8</td><td>4.4</td><td>142.4</td><td>111.0</td><td>18.3</td><td>-</td><td>-</td><td>13.1</td></tr><tr><td>Commodity Credit Corporation</td><td>930.6</td><td>828.8</td><td>697.5</td><td>131.3</td><td>101.8</td><td>-</td><td>101.8</td><td>100.0</td><td>1.8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>22.9</td><td>.3</td><td>-</td><td>.3</td><td>22.6</td><td>-</td><td>22.6</td><td>24.0</td><td>-1.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>15.3</td><td>14.2</td><td>-</td><td>14.2</td><td>1.1</td><td>-</td><td>1.1</td><td>.8</td><td>.3</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>61.2</td><td>.3</td><td>-</td><td>.3</td><td>80.9</td><td>-</td><td>80.9</td><td>75.0</td><td>5.9</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Yard Credit Administration</td><td>284.1</td><td>193.1</td><td>-</td><td>193.1</td><td>91.0</td><td>-</td><td>91.0</td><td>-</td><td>-</td><td>91.0</td><td>-</td><td>-</td></tr><tr><td>Farm Security Administration</td><td>328.1</td><td>6.6</td><td>-</td><td>6.6</td><td>321.5</td><td>-</td><td>321.5</td><td>-</td><td>-</td><td>313.2</td><td>-</td><td>8.3</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>15.7</td><td>6.4</td><td>-</td><td>6.4</td><td>9.3</td><td>-</td><td>9.3</td><td>14.0</td><td>-</td><td>-</td><td>-</td><td>-4.7</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>530.9</td><td>241.6</td><td>-</td><td>241.6</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,522.8</td><td>1,325.5</td><td>1,285.2</td><td>40.3</td><td>197.3</td><td>-</td><td>197.3</td><td>200.0</td><td>-</td><td>-</td><td>-</td><td>-2.7</td></tr><tr><td>Federal Home Loan Banks</td><td>254.3</td><td>74.5</td><td>-</td><td>74.5</td><td>179.8</td><td>55.1</td><td>124.7</td><td>124.7</td><td>-</td><td>-</td><td>52.9</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>68.2</td><td>15.3</td><td>12.4</td><td>2.9</td><td>52.9</td><td>-</td><td>52.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>296.8</td><td>216.1</td><td>-</td><td>216.1</td><td>80.7</td><td>-</td><td>80.7</td><td>60.0</td><td>33.8</td><td>-</td><td>-</td><td>-13.1</td></tr><tr><td>Federal Land Banks</td><td>2,278.6</td><td>1,813.6</td><td>-</td><td>1,813.6</td><td>465.0</td><td>212.7</td><td>252.3</td><td>85.4</td><td>177.6</td><td>-</td><td>-</td><td>-10.7</td></tr><tr><td>Federal National Mortgage Association</td><td>180.1</td><td>89.2</td><td>-</td><td>89.2</td><td>90.9</td><td>-</td><td>90.9</td><td>10.0</td><td>6.7</td><td>-</td><td>-</td><td>74.2</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>9.1</td><td>.2</td><td>-</td><td>.2</td><td>8.9</td><td>-</td><td>8.9</td><td>-</td><td>4.8</td><td>4.1</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>127.0</td><td>1.4</td><td>-</td><td>1.4</td><td>125.6</td><td>-</td><td>125.6</td><td>100.0</td><td>25.6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Hose Owners' Loan Corporation</td><td>2,712.7</td><td>2,695.2</td><td>2,641.5 3/</td><td>53.7</td><td>17.5</td><td>-</td><td>17.5</td><td>200.0</td><td>-82.5</td><td>-</td><td>-</td><td>-100.0</td></tr><tr><td>Inland Waterways Corporation</td><td>25.6</td><td>1.0</td><td>-</td><td>1.0</td><td>24.6</td><td>-</td><td>24.6</td><td>12.0</td><td>12.6</td><td>-</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><td>-</td></tr><tr><td>Panama Railroad Company</td><td>50.4</td><td>1.6</td><td>-</td><td>1.6</td><td>48.8</td><td>-</td><td>48.8</td><td>-</td><td>42.9</td><td>7.0</td><td>-</td><td>-1.1</td></tr><tr><td>Production Credit Corporations</td><td>123.0</td><td>.3</td><td>-</td><td>.3</td><td>122.7</td><td>-</td><td>122.7</td><td>120.0</td><td>2.7</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public Works Administration</td><td>88.9</td><td>-</td><td>-</td><td>-</td><td>88.9</td><td>-</td><td>88.9</td><td>-</td><td>-</td><td>88.9</td><td>-</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><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>1,703.8</td><td>1,418.7</td><td>1,100.2</td><td>318.5</td><td>285.1</td><td>-</td><td>285.1</td><td>500.0</td><td>179.7</td><td>-</td><td>-</td><td>-394.6</td></tr><tr><td>Regional Agricultural Credit Corporations</td><td>22.3</td><td>2.1</td><td>-</td><td>2.1</td><td>20.2</td><td>-</td><td>20.2</td><td>5.0</td><td>15.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>65.3</td><td>1.3</td><td>-</td><td>1.3</td><td>64.0</td><td>-</td><td>64.0</td><td>25.0</td><td>.6</td><td>-</td><td>-</td><td>38.4</td></tr><tr><td>Rural Electrification Administration</td><td>240.8</td><td>-</td><td>-</td><td>-</td><td>240.8</td><td>-</td><td>240.8</td><td>-</td><td>-</td><td>105.6</td><td>-</td><td>135.2</td></tr><tr><td>Tennessee Valley Authority</td><td>353.0</td><td>15.3</td><td>15.3</td><td>-</td><td>337.7</td><td>-</td><td>337.7</td><td>-</td><td>-</td><td>285.7</td><td>52.3</td><td>-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><td>-</td></tr><tr><td>Treasury Department (Miscellaneous securities held)</td><td>59.2</td><td>-</td><td>-</td><td>-</td><td>59.2</td><td>-</td><td>59.2</td><td>-</td><td>-</td><td>59.2</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>316.5</td><td>119.0</td><td>114.5 4/</td><td>4.5</td><td>197.5</td><td>-</td><td>197.5</td><td>1.0</td><td>136.5</td><td>-</td><td>60.0</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>258.9</td><td>81.8</td><td>-</td><td>81.8</td><td>177.1</td><td>-</td><td>177.1</td><td>-</td><td>-</td><td>184.3</td><td>-</td><td>-7.2</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><td></td></tr><tr><td>Navy Department (Sale of surplus war supplies)</td><td>4.5</td><td>-</td><td>-</td><td>-</td><td>4.5</td><td>-</td><td>4.5</td><td>-</td><td>-</td><td>4.5</td><td>-</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><td>-</td></tr><tr><td>United States Housing 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><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>-</td><td>.1</td></tr><tr><td>Other Corporations 5/</td><td>25.0</td><td>.7</td><td>-</td><td>.7</td><td>24.3</td><td>-</td><td>24.3</td><td>13.0</td><td>-</td><td>-</td><td>-</td><td>11.3</td></tr><tr><td>Interagency Items (Exclusive of proprietary interests) 1</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>131.0</td><td></td><td>-131.0</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></td><td>-49.2</td><td></td><td>49.2</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></td><td>-</td><td></td><td>-</td></tr><tr><td>Subtotal</td><td>13,159.0</td><td>9,167.0</td><td>5,851.3</td><td>3,315.7</td><td>3,992.0</td><td>411.5</td><td>3,580.5</td><td>1,965.1</td><td>549.3</td><td>1,289.1</td><td>112.3</td><td>-335.3</td></tr><tr><td>Interagency Proprietary Interest (included in above figures)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-222.0</td><td>-1.0</td><td></td><td></td><td>223.0</td></tr><tr><td>Total</td><td>13,159.0</td><td>9,167.0</td><td>5,851.3</td><td>3,315.7</td><td>3,992.0</td><td>411.5</td><td>3,580.5</td><td>1,743.1</td><td>548.3</td><td>1,289.1</td><td>112.3</td><td>-112.3</td></tr></table>
Source: Daily Treasury Statement
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.
3. Excludes $2,000,000 bonds of Home Owners' Loan Corporation held pending cancellation.
4. Obligations held by the Secretary of the Treasury are shown as interagency interests.
5. Comprises Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation, and Defense Supplies Corporation.
28
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 4 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, reassignments, and loans from other governmental corporations and 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>$30,812,723</td><td>$-7,000,000</td><td>$300,000</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>2,200,000</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>$8,715,325</td><td>9,621,396</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>906,975</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>1,250,826</td><td>-</td><td>40,000,000</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>-10,000,000 2/</td><td>7,766,545</td><td>-</td><td>-</td><td>$327,300</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>-</td><td>924,675</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>10,631,633</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RPC Mortgage Company</td><td>-</td><td>3,756,553</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>11,277,398</td><td>-</td><td>-</td><td>13,000,000</td></tr><tr><td>Total</td><td>$-33,849</td><td>$76,066,258</td><td>$8,000,000</td><td>$291,589,650</td><td>$13,327,300</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 4/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 2,361,842</td><td>$125,370,116</td><td>$ 18,930,535</td><td>$17,377,162</td><td>$188,152,378</td></tr><tr><td>Commodity Credit Corporation</td><td>13,298,638</td><td>38,094,533</td><td>792,213</td><td>585,167</td><td>317,228,551</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>4,322,108</td><td>682,096</td><td>-</td><td>7,204,204</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>10,500,629</td><td>25,869,818</td><td>212,078</td><td>36,582,525</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>1,251,189</td><td>1,556,975</td><td>5,709</td><td>21,150,594</td></tr><tr><td>Home Owners' Loan Corporation</td><td>16,139,660</td><td>59,106,870</td><td>40,515,163</td><td>4,305,729</td><td>120,067,422</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>1,145,439</td><td>8</td><td>1,145,447</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>28,586,567</td><td>1,610,984</td><td>-</td><td>31,104,526</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>84,505,952</td><td>1,753,345</td><td>-</td><td>127,510,123</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,464,032</td><td>21,978,362</td><td>15,962,797</td><td>256,045</td><td>39,661,236</td></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>13,035,981</td><td>436,779</td><td>1,833,799</td><td>13,400,404</td></tr><tr><td>Disaster Loan Corporation</td><td>34,017</td><td>906,953</td><td>62,779</td><td>126,352</td><td>1,130,101</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>2,891,349</td><td>381,028</td><td>16,845</td><td>4,213,897</td></tr><tr><td>Federal National Mortgage Association</td><td>62,016</td><td>4,186,306</td><td>2,681,179</td><td>58,010</td><td>17,619,144</td></tr><tr><td>RFC Mortgage Company</td><td>70,115</td><td>5,977,536</td><td>863,016</td><td>-</td><td>10,667,230</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,277,398</td></tr><tr><td>Total</td><td>$33,430,320</td><td>$400,714,451</td><td>$113,244,146</td><td>$24,776,904</td><td>$961,115,180</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget.
2/ Repayment to Farm Credit Administration of portion of amount invested in Capital Stock of Central Bank for Cooperatives.
3/ Includes Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation, and Defense Supplies Corporation.
4/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired."
29
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 4 Months, Fiscal Year 1941
<table><tr><th>Corp ratin or agency</th><th colspan="2">Expenses</th><th rowspan="2">Purchase and improvement of property owned</th><th rowspan="2">Loans</th><th rowspan="2">Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th></tr><tr><td>Construction Finance Corporation.</td><td>$ 3,173,804</td><td>$ -378,947 2/</td><td>-</td><td>$106,883,512</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td>683,669</td><td>-</td><td>$46,744,117</td><td>182,272,382</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.</td><td>28,009</td><td>5</td><td>-</td><td>7,499,898</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>1,224,767</td><td>-</td><td>-</td><td>4,508,017</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>990,788</td><td>-</td><td>-</td><td>19,444,102</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>7,237,836</td><td>11,223,779</td><td>4,484,532</td><td>10,575,797</td><td>$13,532,525</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>88,939</td><td>1,938</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks.</td><td>313,028</td><td>-</td><td>-</td><td>52,715,567</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>1,583,911</td><td>238,345</td><td>40,661</td><td>165,718,892</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>2,944,269</td><td>414,708</td><td>1,052,940</td><td>11,008,676</td><td>-</td></tr><tr><td>Central Bank for Cooperatives.</td><td>44,005</td><td>-</td><td>-</td><td>25,516,650</td><td>-</td></tr><tr><td>Disaster Loan Corporation.</td><td>227,102</td><td>21,430</td><td>-</td><td>609,590</td><td>-</td></tr><tr><td>Electric Home and Farm Authority.</td><td>168,816</td><td>103,346</td><td>-</td><td>3,792,084</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>425,846</td><td>373,489</td><td>-</td><td>16,335,632</td><td>-</td></tr><tr><td>FPC Mortgage Company.</td><td>325,828</td><td>112,838</td><td>5,000</td><td>9,417,833</td><td>-</td></tr><tr><td>Other Corporations 3/.</td><td>-</td><td>-</td><td>16,735,772</td><td>-</td><td>-</td></tr><tr><td>Total.</td><td>$19,460,617</td><td>$12,110,931</td><td>$69,063,022</td><td>$616,298,632</td><td>$13,532,525</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts and loans to other governmental corporations and agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 13,000,000</td><td>-</td><td>$ 4,160,293</td><td>$ 663,935</td><td>$127,502,597</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$80,487,920</td><td>1,142,294</td><td>-</td><td>31,370,382</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,527,912</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>36,074,000</td><td>-</td><td>-</td><td>67,637</td><td>41,874,421</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>254,066</td><td>7,573</td><td>20,696,529</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-10,520,475</td><td>-</td><td>12,355,916</td><td>-</td><td>48,889,910</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>500,000</td><td>-</td><td>-</td><td>319,397 1/2</td><td>910,274</td></tr><tr><td>Federal Home Loan Banks</td><td>-3,055,441</td><td>-</td><td>824,384</td><td>7,349,728</td><td>58,147,266</td></tr><tr><td>United States Housing Authority</td><td>770,000</td><td>-</td><td>903,428</td><td>1,203,026</td><td>170,458,263</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>2,740,000</td><td>-</td><td>6,516,241</td><td>1,049,644</td><td>25,726,478</td></tr><tr><td>Central Bank for Cooperatives</td><td>-17,098,313</td><td>-</td><td>14,709</td><td>551</td><td>8,477,502</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>268,502</td><td>-</td><td>3,477</td><td>1,130,101</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>30,862</td><td>4,178</td><td>4,099,286</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>452,473</td><td>31,704</td><td>17,619,144</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>673,718</td><td>132,013</td><td>10,667,230</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>7,541,626</td><td>-</td><td>-</td><td>1,277,398</td></tr><tr><td>Total</td><td>$22,409,771</td><td>$88,298,048</td><td>$27,328,384</td><td>$10,832,863</td><td>$879,334,793</td></tr></table>
Source: Reports received from the corporations and agencies. Date on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Excess of credits due to reallocation.
3/ Includes Metala Reserve Company, Rubber Reserve Company, Defense Plant Corporation, and Defense Supplies Corporation.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
30
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through October 31, 1940
<table><tr><th>Corporation or agency</th><th>Appropriations from general fund 1/</th><th>Allocations, rediscouunts, and loans from other governmental corporations and agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 500,000,000</td><td>-</td><td>-</td><td>$1,096,657,000</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>270,128,592 2/</td><td>-</td><td>-</td><td>696,252,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>$ 74,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>150,000,000</td><td>-</td><td>-</td><td>-</td><td>139,239,557</td></tr><tr><td>Fuel Electrification Administration</td><td>117,219,386</td><td>$137,882,881</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>200,000,000 3/</td><td>-</td><td>-</td><td>3,114,453,550 4/</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>33,919,395</td><td>-</td><td>$60,000,000</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>40,000,000</td><td>9,162,367</td><td>-</td><td>-</td><td>846,600</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>12,083,210</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>70,619,366</td><td>-</td><td>85,240,000</td><td>11,000,000</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>36,740,793</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Other Corporations 5/</td><td>-</td><td>11,277,398</td><td>-</td><td>-</td><td>13,000,000</td></tr><tr><td>Total</td><td>$1,662,008,373</td><td>$265,682,805</td><td>$60,000,000</td><td>$6,436,730,660</td><td>$363,146,157</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 6/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Reconstruction Finance Corporation.</td><td>$ 20,989,194</td><td>$5,110,774,733</td><td>$ 572,567,581</td><td>$ 85,519,465</td><td>$ 7,386,507,973</td></tr><tr><td>Commodity Credit Corporation.</td><td>43,398,584</td><td>703,095,274</td><td>16,177,421</td><td>1,912,109</td><td>1,730,963,980</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>40,180,539</td><td>7,012,468</td><td>707,120</td><td>122,900,127</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>56,497,186</td><td>268,998,365</td><td>4,051,673</td><td>618,846,781</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>2,899,465</td><td>7,249,843</td><td>6,235</td><td>265,257,810</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>103,660,191</td><td>835,904,817</td><td>804,048,290</td><td>18,979,640</td><td>5,077,047,088</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>30,306,560</td><td>120,357</td><td>130,426,917</td></tr><tr><td>Federal Home Loan Banks.</td><td>-</td><td>502,222,812</td><td>36,613,573</td><td>71,166,426 1/</td><td>783,243,811</td></tr><tr><td>United States Housing Authority.</td><td>785,098</td><td>262,676,013</td><td>14,115,044</td><td>177,523</td><td>485,830,073</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>10,630,856</td><td>268,363,027</td><td>385,781,140</td><td>9,434,374</td><td>2,113,597,297</td></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>203,421,857</td><td>10,149,260</td><td>4,175,105</td><td>267,755,189</td></tr><tr><td>Disaster Loan Corporation.</td><td>73,498</td><td>5,194,210</td><td>649,202</td><td>191,358</td><td>30,108,268</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>17,936,356</td><td>2,964,716</td><td>257,747</td><td>34,242,029</td></tr><tr><td>Federal National Mortgage Association.</td><td>73,705</td><td>19,401,013</td><td>13,427,611</td><td>3,266,280</td><td>203,027,975</td></tr><tr><td>RFC Mortgage Company.</td><td>461,637</td><td>103,487,802</td><td>10,373,389</td><td>2,697,955</td><td>178,761,576</td></tr><tr><td>Other Corporations 5/.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,277,398</td></tr><tr><td>Total</td><td>$180,072,763</td><td>$8,132,055,104</td><td>$2,180,441,063</td><td>$202,663,367</td><td>$19,482,800,292</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 $3,000,000 N.I.R.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 net of a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
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 2d, 1938.
4/ Retirement of these obligations shown as "Retirement of obligations issued in exchange for mortgages" in the statement of uses of funds.
5/ Includes Metale Reserve Company, Rubber Reserve Company, Defense Plant Corporations, and Defense Supplies Corporation.
6/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired."
7/ Includes $43,539,450 paid-in capital stock held by member institutions.
31
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through October 31, 1940
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Reconstruction Finance Corporation.</td><td>$ 77,255,911</td><td>$ 6,133,440</td><td>-</td><td>$ 6,707,076,529</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td>9,546,875</td><td>-</td><td>$ 97,192,961</td><td>1,492,376,283</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.</td><td>402,625</td><td>2,844</td><td>-</td><td>95,180,399</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>21,151,291</td><td>-</td><td>-</td><td>158,036,194</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>9,268,469</td><td>-</td><td>-</td><td>240,731,390</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>205,068,614</td><td>104,506,571</td><td>128,854,342</td><td>3,253,848,242</td><td>$493,177,175</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>1,112,239</td><td>19,656</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks.</td><td>8,745,562</td><td>-</td><td>-</td><td>683,748,559</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>11,745,842</td><td>4,513,704</td><td>26,163,925</td><td>421,058,156</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>65,332,957</td><td>3,836,114</td><td>11,236,751</td><td>1,004,092,006</td><td>-</td></tr><tr><td>Central Bank for Cooperatives.</td><td>771,865</td><td>-</td><td>-</td><td>229,848,071</td><td>-</td></tr><tr><td>Disaster Loan Corporation.</td><td>2,437,842</td><td>115,133</td><td>-</td><td>26,632,799</td><td>-</td></tr><tr><td>Electric Home and Farm Authority.</td><td>1,611,337</td><td>676,285</td><td>-</td><td>31,050,869</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>1,968,318</td><td>1,763,525</td><td>-</td><td>195,587,674</td><td>-</td></tr><tr><td>EPC Mortgage Company.</td><td>3,888,945</td><td>3,313,767</td><td>5,000</td><td>167,092,632</td><td>-</td></tr><tr><td>Other Corporations 2/.</td><td>-</td><td>-</td><td>16,735,772</td><td>-</td><td>-</td></tr><tr><td>Total.</td><td>$420,344,652</td><td>$124,881,039</td><td>$280,188,751</td><td>$14,706,360,109</td><td>$493,177,175</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 1/</th><th>Allocations, redissecounts and loans to other governmental corporations and agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Reconstruction Finance Corporation</td><td>$ 123,000,000</td><td>$156,452,171</td><td>$236,494,927</td><td>$ 15,109,375</td><td>$ 7,321,522,353</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>91,313,406</td><td>20,473,852</td><td>12,909,926</td><td>1,723,813,263</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>23,950,000</td><td>2,262,329</td><td>543,801</td><td>122,341,998</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>384,611,836</td><td>-</td><td>-</td><td>42,179,495 1/</td><td>606,008,816</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>2,017,738</td><td>371,526</td><td>252,359,123</td></tr><tr><td>Home Owners' Loan Corporation</td><td>296,103,810</td><td>-</td><td>334,258,748</td><td>7,543,447</td><td>4,923,360,949</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>123,369,111</td><td>-</td><td>3,035,326</td><td>2,041,051 1/</td><td>129,577,383</td></tr><tr><td>Federal Home Loan Banks</td><td>51,800,663</td><td>-</td><td>18,666,691</td><td>215,189</td><td>763,176,964</td></tr><tr><td>United States Housing Authority</td><td>4,570,000</td><td>-</td><td>2,626,336</td><td>1,263,884</td><td>471,941,847</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>764,664,840</td><td>-</td><td>237,331,473</td><td>15,166,432</td><td>2,101,660,573</td></tr><tr><td>Central Bank for Cooperatives</td><td>21,755,147</td><td>-</td><td>487,528</td><td>3,176,945</td><td>296,045,962</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>917,958</td><td>-</td><td>3,536</td><td>30,107,268</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>236,367</td><td>190,997</td><td>33,765,855</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>3,605,341</td><td>103,117</td><td>203,027,975</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>4,409,025</td><td>57,056</td><td>178,766,425</td></tr><tr><td>Other Corporations 2/</td><td>-</td><td>7,541,626</td><td>-</td><td>-</td><td>24,277,398</td></tr><tr><td>Total</td><td>$2,769,875,407</td><td>$280,175,161</td><td>$965,905,681</td><td>$100,875,777</td><td>$19,141,783,752</td></tr></table>
Sources: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Includes received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Includes Metale Reserve Company, Rubber Reserve Company, Defense Plant Corporation, and Defense Supplies Corporation.
3/ Includes U. S. Government bonds in the amount of $151,148,099 as follows: Federal Deposit Insurance Corporation, $237,121,695; Federal Savings and Loan Insurance Corporation, $15,164,500; U. S. Housing Authority, $4,570,000; Federal Home Loan Banks, $14,291,904.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
32
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 unmet 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>249.5</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>298.9</td><td>-</td></tr><tr><td>1939</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>519.7</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-November</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>December</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-January</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>February</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>March</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>April</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</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>August</td><td>5,788.4</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>September</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><tr><td>October</td><td>5,790.5</td><td>696.2</td><td>1,269.4</td><td>12.3</td><td>2,601.8</td><td>1,096.6</td><td>114.2</td></tr><tr><td>November</td><td>5,901.0</td><td>696.2</td><td>1,269.4</td><td>12.6</td><td>2,599.8</td><td>1,096.7</td><td>226.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><th>Date of issue</th><th>Rate per cent</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th>For cash</th><th colspan="6">New securities allotted</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></th><th colspan="2">Amount of exchanges</th><th>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></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></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 1/5/15/34 2/</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 1/1-1/2</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 1/1-1/2</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 1/1-3/4</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/</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, 1945 June 1, 1947</td><td>764 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/</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><tr><td></td><td>Nov. 1, 1940</td><td>1/4</td><td>1 year</td><td>Nov. 1, 1941</td><td>-</td><td>112</td><td>1,860</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1/ Sold on a bid basis.
2/ Original issue sold by agency.
3/ Original issue of $245,254,750 increased by sales on the market of $80,000,000, 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 is so shown in this statement.
33
Maturity Schedule of Securities Guaranteed by the United States
As of November 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 4/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security 4/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1940</td><td></td><td></td><td></td><td>1940</td><td></td><td></td><td></td></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>5/8% BOLC Bonds L - 5/15 41</td><td>191</td><td></td><td></td><td>5/8% BOLC Bonds L - 5/15 41</td><td>191</td><td></td><td></td></tr><tr><td>7/8% RFC Notes H - 7/20 41</td><td>211</td><td></td><td></td><td>7/8% RFC Notes Y - 7/20 41</td><td>211</td><td></td><td></td></tr><tr><td>5/8% CCC Notes D - 8/1 41</td><td>203</td><td></td><td></td><td>5/8% CCC Notes D - 8/1 41</td><td>203</td><td></td><td></td></tr><tr><td>7/8% RFC Notes P - 11/1 41</td><td>299</td><td></td><td></td><td>7/8% RFC Notes P - 11/1 41</td><td>299</td><td></td><td></td></tr><tr><td>1/4% USHA Notes E - 11/1 41</td><td>112</td><td></td><td></td><td>1/4% USHA Notes E - 11/1 41</td><td>112</td><td></td><td></td></tr><tr><td>1% CCC Notes I - 11/15 41</td><td>204</td><td></td><td></td><td>1% CCC Notes I - 11/15 41</td><td>204</td><td></td><td></td></tr><tr><td>Total</td><td>1,220</td><td>-</td><td>1,220</td><td>Total</td><td>1,220</td><td>-</td><td>1,220</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>7/8% RFC Notes H - 1/15 42</td><td>310</td><td></td><td></td><td>7/8% RFC Notes R - 1/15 42</td><td>310</td><td></td><td></td></tr><tr><td>3% PPMC Bonds - 1/15 42-47</td><td></td><td>236</td><td></td><td>1% RFC Notes S - 7/1 42</td><td>276</td><td></td><td></td></tr><tr><td>2-3/4% PPMC Bonds - 3/1 42-47</td><td></td><td>103</td><td></td><td>Total</td><td>586</td><td>-</td><td>1,806</td></tr><tr><td>1% RFC Notes S - 7/1 42</td><td>276</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2-1/4% BOLC Bonds O - 7/1 42-44</td><td></td><td>875</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>586</td><td>1,214</td><td>3,020</td><td></td><td></td><td></td><td></td></tr><tr><td>1943</td><td></td><td></td><td></td><td>1943</td><td></td><td></td><td></td></tr><tr><td>3/4% CCC Notes P - 5/1 43</td><td>289</td><td></td><td></td><td>3/4% CCC Notes P - 5/1 43</td><td>289</td><td></td><td></td></tr><tr><td>Total</td><td>289</td><td>-</td><td>3,309</td><td>Total</td><td>289</td><td>-</td><td>2,095</td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1-3/8% USHA Notes B - 2/1 44</td><td>114</td><td></td><td></td><td>1-3/8% USHA Notes B - 2/1 44</td><td>114</td><td></td><td></td></tr><tr><td>3-1/4% PPMC Bonds - 3/15 44-64</td><td></td><td>95</td><td></td><td>2-1/4% BOLC Bonds O - 7/1 42-44</td><td></td><td>875</td><td></td></tr><tr><td>3% BOLC Bonds A - 5/1 44-52</td><td></td><td>779</td><td></td><td>Total</td><td>114</td><td>875</td><td>3,084</td></tr><tr><td>3% PPMC Bonds - 5/15 44-49</td><td></td><td>835</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>114</td><td>1,709</td><td>5,132</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>1-1/2% BOLC Bonds H - 6/1 45-47</td><td></td><td>755</td><td></td><td></td><td>-</td><td>-</td><td>3,084</td></tr><tr><td>Total</td><td>-</td><td>755</td><td>5,887</td><td></td><td></td><td></td><td></td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td></td><td>-</td><td>-</td><td>3,084</td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td>3% PPMC Bonds - 1/15 42-47</td><td></td><td>236</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>2-3/4% PPMC Bonds - 3/1 42-47</td><td></td><td>103</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>1-1/2% BOLC Bonds H - 6/1 45-47</td><td></td><td>755</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,094</td><td>4,178</td></tr><tr><td>1948</td><td></td><td></td><td></td><td>1948</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td></td><td>-</td><td>-</td><td>4,178</td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td>3% PPMC Bonds - 5/15 44-49</td><td></td><td>835</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>835</td><td>5,013</td></tr><tr><td>1950-51</td><td></td><td></td><td></td><td>1950-51</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td></td><td>-</td><td>-</td><td>5,013</td></tr><tr><td>1952</td><td></td><td></td><td></td><td>1952</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td>3% BOLC Bonds A - 5/1 44-52</td><td></td><td>779</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>779</td><td>5,792</td></tr><tr><td>1953-63</td><td></td><td></td><td></td><td>1953-63</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td></td><td>-</td><td>-</td><td>5,792</td></tr><tr><td>1964</td><td></td><td></td><td></td><td>1964</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>5,887</td><td>3-1/4% PPMC Bonds - 3/15 44-64</td><td></td><td>95</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>95</td><td>5,887</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
-34-
35
Revisions in Statistics on Capital Movements between the United States and Foreign Countries
More complete information on capital movements between the United States and Asia has made it necessary to revise figures covering the "Movements in short-term banking funds" and "Movements in transactions in foreign securities" between this country and Asia. These revisions apply to the period July 27, 1938 through September 4, 1940 and are incorporated in the table showing "Net Capital Movement between the United States and Foreign Countries, 1935 through September 1940" which appears on page 36. Data subsequent to September 4, 1940 reflect the improvement in the statistics.
The additional information affects also the items "Deposits for foreign account" shown in the table on "Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for September 1940," pages 38 and 39, and "Loans to foreign banks" shown in the table on "Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for September 1940," pages 40 and 41. Consequently, data for these particular items which have appeared in previous issues of the Bulletin of the Treasury Department are not comparable with the figures shown herein for September. Revisions of these earlier weekly figures will appear in a forthcoming issue of the Bulletin.
36
Net Capital Movement between the United States and Foreign Countries 1935 through September 1940
In thousands of dollars. Capital inflow or capital outflow (-)
<table><tr><th></th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Asia</th><th>All other</th></tr><tr><td colspan="14">NET CAPITAL MOVEMENT:</td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936</td><td>1,412,486</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</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>415,256</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>-21,389</td><td>18,160</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>1,195,635</td><td>-84,802</td><td>129,209</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>227,812</td><td>53,294</td></tr><tr><td>Jan. 3, 1940-Oct. 2, 1940</td><td>784,377</td><td>-97,099</td><td>214,323</td><td>10,358</td><td>26,563</td><td>-12,345</td><td>111,449</td><td>181,057</td><td>434,306</td><td>157,911</td><td>120,396</td><td>75,492</td><td>-3,728</td></tr><tr><td>Total</td><td>5,805,591</td><td>1,004,152</td><td>683,044</td><td>176,268</td><td>84,596</td><td>457,922</td><td>884,402</td><td>934,004</td><td>4,224,388</td><td>337,323</td><td>603,780</td><td>506,476</td><td>83,624</td></tr><tr><td colspan="14">Week ended</td></tr><tr><td>1940-Sept. 11</td><td>-29,251</td><td>-37,723</td><td>-1,368</td><td>1,534</td><td>1,828</td><td>-2,339</td><td>-3,537</td><td>173</td><td>-41,432</td><td>20,381</td><td>-5,589</td><td>1,294</td><td>-3,905</td></tr><tr><td>Sept. 18</td><td>84,346</td><td>72,726</td><td>-4,411</td><td>578</td><td>9,607</td><td>-665</td><td>-15,051</td><td>9,302</td><td>72,086</td><td>-4,500</td><td>8,369</td><td>663</td><td>7,728</td></tr><tr><td>Sept. 25</td><td>-18,597</td><td>-36,567</td><td>-1,080</td><td>-143</td><td>10,731</td><td>139</td><td>-7,599</td><td>6,562</td><td>-27,957</td><td>-1,370</td><td>1,379</td><td>5,315</td><td>4,036</td></tr><tr><td>Oct. 2</td><td>17,044</td><td>296</td><td>-3,926</td><td>1,171</td><td>-2,073</td><td>1,067</td><td>2,223</td><td>150</td><td>-1,092</td><td>3,344</td><td>1,736</td><td>14,516</td><td>-1,460</td></tr><tr><td>Total</td><td>53,542</td><td>-1,268</td><td>-10,785</td><td>3,140</td><td>20,093</td><td>-1,798</td><td>-23,964</td><td>16,187</td><td>1,605</td><td>17,855</td><td>5,895</td><td>21,788</td><td>6,399</td></tr><tr><td colspan="14">MOVEMENT IN SHORT-TERM BANKING FUNDS:</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>39,892</td><td>18,254</td><td>7,289</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>255,594</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,083</td><td>-11,507</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>331,268</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>-39,105</td><td>13,885</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>1,132,383</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>198,142</td><td>46,531</td></tr><tr><td>Jan. 3, 1940-Oct. 2, 1940</td><td>175,205</td><td>-42,121</td><td>216,791</td><td>11,457</td><td>-4,949</td><td>-19,962</td><td>86,932</td><td>167,135</td><td>415,283</td><td>145,028</td><td>102,683</td><td>124,733</td><td>-2,522</td></tr><tr><td>Total</td><td>3,866,421</td><td>586,178</td><td>546,707</td><td>169,124</td><td>30,233</td><td>183,881</td><td>452,481</td><td>665,594</td><td>2,634,198</td><td>376,046</td><td>370,382</td><td>428,602</td><td>57,193</td></tr><tr><td colspan="14">Week ended</td></tr><tr><td>1940-Sept. 11</td><td>-31,414</td><td>-36,334</td><td>-1,895</td><td>1,477</td><td>1,826</td><td>-2,423</td><td>-2,223</td><td>199</td><td>-39,373</td><td>15,742</td><td>-4,889</td><td>871</td><td>-3,765</td></tr><tr><td>Sept. 18</td><td>77,953</td><td>72,908</td><td>-3,923</td><td>568</td><td>1,558</td><td>-895</td><td>-13,746</td><td>9,186</td><td>65,656</td><td>-4,438</td><td>8,537</td><td>534</td><td>7,664</td></tr><tr><td>Sept. 25</td><td>-15,836</td><td>-35,528</td><td>-1,039</td><td>-155</td><td>-1,624</td><td>142</td><td>-5,626</td><td>6,469</td><td>-37,351</td><td>2,351</td><td>518</td><td>14,251</td><td>4,405</td></tr><tr><td>Oct. 2</td><td>21,865</td><td>2,038</td><td>-4,081</td><td>1,176</td><td>-1,932</td><td>861</td><td>5,212</td><td>27</td><td>3,301</td><td>1,528</td><td>1,179</td><td>17,278</td><td>-1,421</td></tr><tr><td>Total</td><td>52,568</td><td>3,084</td><td>-10,938</td><td>3,066</td><td>-172</td><td>-2,315</td><td>-16,383</td><td>15,881</td><td>-7,777</td><td>15,183</td><td>5,345</td><td>32,934</td><td>6,883</td></tr><tr><td colspan="14">MOVEMENT IN BROKERAGE BALANCES:</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-Oct. 2, 1940</td><td>21,002</td><td>-3,064</td><td>-1,255</td><td>-40</td><td>-2</td><td>3,033</td><td>1,432</td><td>3,048</td><td>3,152</td><td>2,559</td><td>7,536</td><td>9,107</td><td>-1,352</td></tr><tr><td>Total</td><td>101,563</td><td>16,302</td><td>18,845</td><td>-161</td><td>132</td><td>12,347</td><td>19,196</td><td>8,065</td><td>74,726</td><td>11,216</td><td>9,146</td><td>5,755</td><td>720</td></tr><tr><td colspan="14">Week ended</td></tr><tr><td>1940-Sept. 11</td><td>-575</td><td>-200</td><td>561</td><td>-36</td><td>-5</td><td>-12</td><td>-209</td><td>-9</td><td>90</td><td>125</td><td>-605</td><td>-247</td><td>62</td></tr><tr><td>Sept. 18</td><td>668</td><td>182</td><td>-460</td><td>-1</td><td>-1</td><td>261</td><td>860</td><td>80</td><td>921</td><td>71</td><td>-487</td><td>145</td><td>18</td></tr><tr><td>Sept. 25</td><td>247</td><td>-155</td><td>-66</td><td>-3</td><td>2</td><td>10</td><td>-486</td><td>243</td><td>-455</td><td>-218</td><td>1,153</td><td>-246</td><td>13</td></tr><tr><td>Oct. 2</td><td>715</td><td>153</td><td>255</td><td>-7</td><td>12</td><td>224</td><td>243</td><td>-282</td><td>598</td><td>297</td><td>-272</td><td>82</td><td>10</td></tr><tr><td>Total</td><td>1,055</td><td>-20</td><td>290</td><td>-47</td><td>8</td><td>483</td><td>408</td><td>32</td><td>1,154</td><td>275</td><td>-211</td><td>-266</td><td>103</td></tr><tr><td colspan="14">MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</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>23,840</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>57,196</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>50,690</td><td>-9,845</td><td>5,204</td><td>9,997</td><td>1,190</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>-85,427</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>22,966</td><td>3,260</td></tr><tr><td>Jan. 3, 1940-Oct. 2, 1940</td><td>-89,407</td><td>-56,927</td><td>-2,041</td><td>-617</td><td>31,085</td><td>2,922</td><td>20,700</td><td>4,018</td><td>-860</td><td>-18,028</td><td>-3,505</td><td>-65,593</td><td>-1,421</td></tr><tr><td>Total</td><td>1,044,341</td><td>271,131</td><td>74,538</td><td>-28,831</td><td>26,157</td><td>230,669</td><td>365,367</td><td>64,464</td><td>1,003,495</td><td>-20,652</td><td>26,610</td><td>22,047</td><td>12,841</td></tr><tr><td colspan="14">Week ended</td></tr><tr><td>1940-Sept. 11</td><td>2,287</td><td>-1,042</td><td>-31</td><td>1</td><td>1</td><td>97</td><td>-974</td><td>-109</td><td>-2,057</td><td>4,413</td><td>-401</td><td>451</td><td>-119</td></tr><tr><td>Sept. 18</td><td>5,383</td><td>-325</td><td>-23</td><td>5</td><td>8,058</td><td>-28</td><td>-2,075</td><td>-29</td><td>5,583</td><td>-196</td><td>318</td><td>-331</td><td>9</td></tr><tr><td>Sept. 25</td><td>-3,373</td><td>-812</td><td>17</td><td>10</td><td>12,361</td><td>-13</td><td>-1,352</td><td>-293</td><td>9,918</td><td>-3,598</td><td>-406</td><td>-8,901</td><td>-386</td></tr><tr><td>Oct. 2</td><td>-7,053</td><td>-1,724</td><td>-102</td><td>-17</td><td>-160</td><td>-20</td><td>-3,097</td><td>255</td><td>-4,865</td><td>592</td><td>330</td><td>-3,060</td><td>-50</td></tr><tr><td>Total</td><td>-2,756</td><td>-3,903</td><td>-139</td><td>-1</td><td>20,260</td><td>36</td><td>-7,498</td><td>-176</td><td>8,579</td><td>1,211</td><td>-159</td><td>-11,841</td><td>-546</td></tr><tr><td colspan="14">MOVEMENT IN TRANSACTIONS IN FOREIGN SECURITIES:</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>6,469</td><td>3,008</td><td>14,924</td><td>41,788</td><td>135,108</td><td>41,452</td><td>2,973</td><td>9,133</td><td>2,410</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>267,008</td><td>20,713</td><td>4,623</td><td>4,059</td><td>4,057</td><td>10,815</td><td>16,657</td><td>27,267</td><td>88,191</td><td>8,785</td><td>159,284</td><td>7,484</td><td>3,264</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938</td><td>20,758</td><td>-7,694</td><td>3,352</td><td>6,482</td><td>7,027</td><td>6,106</td><td>6,694</td><td>50,687</td><td>72
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
38
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for September 1940
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN LIABILITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.........</td><td>3,640,277</td><td>349,070</td><td>513,059</td><td>150,233</td><td>17,149</td><td>29,943</td><td>11,906</td><td>26,721</td><td>180,293</td><td>54,440</td><td>216,793</td><td>474,102</td><td>183,477</td><td>2,207,186</td><td>413,514</td></tr><tr><td>Sept. 18.........</td><td>3,713,383</td><td>421,146</td><td>508,827</td><td>147,894</td><td>17,327</td><td>30,314</td><td>12,303</td><td>28,054</td><td>179,330</td><td>54,383</td><td>215,530</td><td>460,438</td><td>195,580</td><td>2,271,126</td><td>407,528</td></tr><tr><td>Sept. 25.........</td><td>3,688,799</td><td>384,994</td><td>507,671</td><td>147,452</td><td>16,722</td><td>30,418</td><td>11,978</td><td>26,252</td><td>179,657</td><td>52,843</td><td>221,958</td><td>454,839</td><td>198,037</td><td>2,232,821</td><td>407,322</td></tr><tr><td>Oct. 2.........</td><td>3,719,000</td><td>386,414</td><td>503,533</td><td>147,900</td><td>16,764</td><td>29,135</td><td>13,158</td><td>24,551</td><td>180,278</td><td>51,226</td><td>225,292</td><td>459,606</td><td>197,179</td><td>2,235,036</td><td>410,747</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.........</td><td>3,587,503</td><td>316,403</td><td>511,311</td><td>148,866</td><td>17,133</td><td>29,935</td><td>11,630</td><td>26,502</td><td>176,535</td><td>54,097</td><td>216,345</td><td>473,156</td><td>183,219</td><td>2,165,137</td><td>412,760</td></tr><tr><td>Sept. 18.........</td><td>3,665,536</td><td>392,988</td><td>507,236</td><td>146,689</td><td>17,310</td><td>30,305</td><td>12,031</td><td>27,884</td><td>175,570</td><td>54,038</td><td>215,108</td><td>459,502</td><td>195,299</td><td>2,233,960</td><td>406,744</td></tr><tr><td>Sept. 25.........</td><td>3,636,668</td><td>352,647</td><td>506,274</td><td>146,195</td><td>16,709</td><td>30,410</td><td>11,696</td><td>26,094</td><td>175,893</td><td>52,538</td><td>221,558</td><td>453,888</td><td>197,749</td><td>2,191,651</td><td>406,107</td></tr><tr><td>Oct. 2.........</td><td>3,668,858</td><td>354,456</td><td>502,119</td><td>146,678</td><td>16,749</td><td>29,126</td><td>12,874</td><td>24,408</td><td>176,569</td><td>50,947</td><td>224,950</td><td>458,709</td><td>196,925</td><td>2,194,510</td><td>409,907</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>Sept. 11.........</td><td>3,460,379</td><td>309,835</td><td>506,880</td><td>145,157</td><td>17,077</td><td>29,932</td><td>11,472</td><td>26,109</td><td>176,145</td><td>53,655</td><td>214,008</td><td>464,541</td><td>181,435</td><td>2,136,246</td><td>410,000</td></tr><tr><td>Sept. 18.........</td><td>3,537,680</td><td>386,509</td><td>502,838</td><td>143,522</td><td>17,247</td><td>30,302</td><td>11,891</td><td>27,475</td><td>175,158</td><td>53,598</td><td>212,874</td><td>450,668</td><td>193,589</td><td>2,205,671</td><td>404,231</td></tr><tr><td>Sept. 25.........</td><td>3,506,821</td><td>346,376</td><td>501,800</td><td>143,030</td><td>16,650</td><td>30,407</td><td>11,542</td><td>25,744</td><td>175,494</td><td>52,099</td><td>218,169</td><td>443,878</td><td>196,087</td><td>2,161,276</td><td>403,622</td></tr><tr><td>Oct. 2.........</td><td>3,538,093</td><td>346,651</td><td>497,167</td><td>143,782</td><td>16,696</td><td>29,124</td><td>12,665</td><td>24,055</td><td>175,991</td><td>50,505</td><td>222,707</td><td>449,390</td><td>195,151</td><td>2,163,884</td><td>407,888</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>Sept. 11.........</td><td>88,975</td><td>4,543</td><td>318</td><td>3,673</td><td>52</td><td>3</td><td>47</td><td>326</td><td>142</td><td>428</td><td>2,332</td><td>7,027</td><td>1,069</td><td>19,960</td><td>2,004</td></tr><tr><td>Sept. 18.........</td><td>88,405</td><td>3,890</td><td>305</td><td>3,131</td><td>59</td><td>3</td><td>16</td><td>322</td><td>162</td><td>426</td><td>2,179</td><td>8,243</td><td>1,034</td><td>19,770</td><td>1,851</td></tr><tr><td>Sept. 25.........</td><td>89,312</td><td>3,481</td><td>326</td><td>3,129</td><td>56</td><td>3</td><td>62</td><td>273</td><td>151</td><td>426</td><td>2,182</td><td>9,435</td><td>1,005</td><td>20,529</td><td>1,878</td></tr><tr><td>Oct. 2.........</td><td>90,044</td><td>4,539</td><td>361</td><td>2,859</td><td>50</td><td>2</td><td>92</td><td>270</td><td>326</td><td>429</td><td>2,234</td><td>8,751</td><td>1,085</td><td>20,998</td><td>1,474</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>Sept. 11.........</td><td>27,719</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>217</td></tr><tr><td>Sept. 18.........</td><td>29,719</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>217</td></tr><tr><td>Sept. 25.........</td><td>29,719</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>217</td></tr><tr><td>Oct. 2.........</td><td>29,656</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>147</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>Sept. 11.........</td><td>10,430</td><td>2,026</td><td>983</td><td>36</td><td>4</td><td>-</td><td>61</td><td>67</td><td>227</td><td>14</td><td>5</td><td>1,538</td><td>715</td><td>5,676</td><td>539</td></tr><tr><td>Sept. 18.........</td><td>9,732</td><td>2,585</td><td>963</td><td>36</td><td>4</td><td>-</td><td>74</td><td>87</td><td>229</td><td>14</td><td>55</td><td>541</td><td>676</td><td>5,294</td><td>445</td></tr><tr><td>Sept. 25.........</td><td>10,816</td><td>2,786</td><td>1,018</td><td>36</td><td>3</td><td>-</td><td>42</td><td>77</td><td>227</td><td>13</td><td>1,207</td><td>525</td><td>657</td><td>6,591</td><td>390</td></tr><tr><td>Oct. 2.........</td><td>11,065</td><td>3,262</td><td>1,461</td><td>37</td><td>3</td><td>-</td><td>67</td><td>83</td><td>231</td><td>13</td><td>9</td><td>518</td><td>689</td><td>6,373</td><td>398</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.........</td><td>52,774</td><td>32,662</td><td>1,748</td><td>1,367</td><td>16</td><td>8</td><td>276</td><td>219</td><td>3,758</td><td>343</td><td>448</td><td>946</td><td>258</td><td>42,049</td><td>784</td></tr><tr><td>Sept. 18.........</td><td>47,847</td><td>28,158</td><td>1,591</td><td>1,205</td><td>17</td><td>9</td><td>272</td><td>170</td><td>3,760</td><td>345</td><td>422</td><td>936</td><td>281</td><td>37,166</td><td>784</td></tr><tr><td>Sept. 25.........</td><td>52,131</td><td>32,347</td><td>1,397</td><td>1,257</td><td>13</td><td>8</td><td>282</td><td>158</td><td>3,764</td><td>305</td><td>400</td><td>951</td><td>283</td><td>41,170</td><td>1,215</td></tr><tr><td>Oct. 2.........</td><td>50,142</td><td>31,958</td><td>1,414</td><td>1,222</td><td>15</td><td>9</td><td>284</td><td>143</td><td>3,709</td><td>279</td><td>342</td><td>897</td><td>254</td><td>40,526</td><td>840</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>Sept. 11.........</td><td>28,184</td><td>15,055</td><td>710</td><td>1,216</td><td>16</td><td>8</td><td>24</td><td>199</td><td>2,416</td><td>292</td><td>140</td><td>636</td><td>208</td><td>21,220</td><td>308</td></tr><tr><td>Sept. 18.........</td><td>24,430</td><td>11,700</td><td>665</td><td>1,014</td><td>17</td><td>9</td><td>19</td><td>159</td><td>2,444</td><td>289</td><td>407</td><td>693</td><td>236</td><td>17,652</td><td>338</td></tr><tr><td>Sept. 25.........</td><td>28,859</td><td>15,846</td><td>682</td><td>1,071</td><td>13</td><td>8</td><td>27</td><td>146</td><td>2,460</td><td>256</td><td>385</td><td>695</td><td>246</td><td>21,835</td><td>728</td></tr><tr><td>Oct. 2.........</td><td>26,562</td><td>15,132</td><td>657</td><td>1,065</td><td>15</td><td>9</td><td>30</td><td>133</td><td>2,409</td><td>229</td><td>327</td><td>672</td><td>207</td><td>20,885</td><td>423</td></tr><tr><td>Acceptance 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>Sept. 11.........</td><td>15,609</td><td>12,942</td><td>916</td><td>51</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1,146</td><td>17</td><td>-</td><td>-</td><td>-</td><td>15,073</td><td>372</td></tr><tr><td>Sept. 18.........</td><td>14,497</td><td>12,001</td><td>806</td><td>58</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,126</td><td>17</td><td>-</td><td>-</td><td>-</td><td>14,008</td><td>355</td></tr><tr><td>Sept. 25.........</td><td>14,449</td><td>12,149</td><td>586</td><td>58</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,129</td><td>17</td><td>-</td><td>-</td><td>-</td><td>13,939</td><td>390</td></tr><tr><td>Oct. 2.........</td><td>14,773</td><td>12,541</td><td>579</td><td>58</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,128</td><td>16</td><td>-</td><td>-</td><td>-</td><td>14,322</td><td>321</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>Sept. 11.........</td><td>8,981</td><td>4,665</td><td>122</td><td>100</td><td>-</td><td>-</td><td>251</td><td>20</td><td>196</td><td>34</td><td>18</td><td>300</td><td>50</td><td>5,756</td><td>97</td></tr><tr><td>Sept. 18.........</td><td>8,920</td><td>4,457</td><td>120</td><td>133</td><td>-</td><td>-</td><td>253</td><td>11</td><td>190</td><td>39</td><td>15</td><td>243</td><td>45</td><td>5,506</td><td>90</td></tr><tr><td>Sept. 25.........</td><td>8,823</td><td>4,352</td><td>129</td><td>128</td><td>-</td><td>-</td><td>255</td><td>12</td><td>175</td><td>32</td><td>15</td><td>256</td><td>42</td><td>5,396</td><td>123</td></tr><tr><td>Oct. 2.........</td><td>8,807</td><td>4,285</td><td>178</td><td>99</td><td>-</td><td>-</td><td>254</td><td>10</td><td>172</td><td>34</td><td>15</td><td>225</td><td>47</td><td>5,319</td><td>96</td></tr></table>
(Continued on following page)
39
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for September 1940 - (Continued)
(10 thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argentina</th><th>Brasil</th><th>Chile</th><th>Cuba</th><th>Marixco</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 Manchurie</th><th>Philippine 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>Sept. 11.</td><td>101,220</td><td>31,877</td><td>26,195</td><td>51,028</td><td>61,644</td><td>56,173</td><td>98,922</td><td>427,059</td><td>186,892</td><td>86,115</td><td>96,032</td><td>45,584</td><td>118,228</td><td>572,851</td><td>59,637</td></tr><tr><td>Sept. 18.</td><td>105,101</td><td>33,788</td><td>26,518</td><td>50,977</td><td>63,705</td><td>56,621</td><td>99,542</td><td>436,252</td><td>189,692</td><td>85,036</td><td>95,026</td><td>46,323</td><td>118,455</td><td>534,532</td><td>63,945</td></tr><tr><td>Sept. 25.</td><td>107,060</td><td>32,956</td><td>26,496</td><td>50,294</td><td>63,821</td><td>56,695</td><td>98,799</td><td>436,121</td><td>191,715</td><td>86,726</td><td>96,648</td><td>43,374</td><td>125,536</td><td>543,999</td><td>68,536</td></tr><tr><td>Oct. 2.</td><td>110,074</td><td>33,407</td><td>26,133</td><td>48,711</td><td>63,189</td><td>57,328</td><td>99,564</td><td>438,406</td><td>192,718</td><td>86,950</td><td>106,791</td><td>45,188</td><td>136,090</td><td>567,737</td><td>67,074</td></tr><tr><td colspan="16">TOTAL LIABILITIES PAYABLE IN DOLLARS:</td></tr><tr><td>Sept. 11.</td><td>101,158</td><td>31,860</td><td>26,195</td><td>50,301</td><td>61,473</td><td>56,173</td><td>98,282</td><td>425,442</td><td>186,501</td><td>84,355</td><td>90,526</td><td>45,565</td><td>117,944</td><td>524,891</td><td>59,273</td></tr><tr><td>Sept. 18.</td><td>105,055</td><td>33,770</td><td>26,518</td><td>50,317</td><td>63,489</td><td>56,621</td><td>98,879</td><td>434,049</td><td>189,283</td><td>83,156</td><td>89,565</td><td>46,291</td><td>118,299</td><td>526,594</td><td>63,589</td></tr><tr><td>Sept. 25.</td><td>107,008</td><td>32,943</td><td>26,496</td><td>49,634</td><td>63,615</td><td>56,695</td><td>98,370</td><td>434,761</td><td>191,291</td><td>84,714</td><td>91,298</td><td>43,335</td><td>125,318</td><td>535,956</td><td>68,193</td></tr><tr><td>Oct. 2.</td><td>110,037</td><td>33,394</td><td>26,133</td><td>48,631</td><td>62,979</td><td>57,328</td><td>99,128</td><td>437,630</td><td>192,284</td><td>85,131</td><td>101,639</td><td>45,164</td><td>135,891</td><td>560,109</td><td>66,702</td></tr><tr><td colspan="16">Deposits for foreign account:</td></tr><tr><td>Sept. 11.</td><td>99,747</td><td>25,123</td><td>25,580</td><td>49,462</td><td>59,434</td><td>56,147</td><td>94,650</td><td>410,143</td><td>160,781</td><td>78,062</td><td>59,365</td><td>36,829</td><td>111,312</td><td>446,349</td><td>57,641</td></tr><tr><td>Sept. 18.</td><td>103,694</td><td>27,539</td><td>25,850</td><td>49,402</td><td>61,469</td><td>56,595</td><td>95,143</td><td>419,692</td><td>162,217</td><td>76,854</td><td>57,811</td><td>36,631</td><td>112,786</td><td>446,299</td><td>61,787</td></tr><tr><td>Sept. 25.</td><td>105,567</td><td>27,301</td><td>25,751</td><td>48,570</td><td>61,552</td><td>56,670</td><td>94,560</td><td>419,977</td><td>163,874</td><td>78,525</td><td>59,318</td><td>35,449</td><td>118,514</td><td>455,040</td><td>66,306</td></tr><tr><td>Oct. 2.</td><td>108,592</td><td>27,626</td><td>25,374</td><td>47,853</td><td>60,968</td><td>57,306</td><td>95,225</td><td>422,944</td><td>164,537</td><td>78,867</td><td>69,133</td><td>36,801</td><td>129,412</td><td>478,750</td><td>64,627</td></tr><tr><td colspan="16">Bills held for foreign account:</td></tr><tr><td>Sept. 11.</td><td>1,400</td><td>6,722</td><td>605</td><td>799</td><td>1,985</td><td>6</td><td>3,039</td><td>14,556</td><td>6,668</td><td>946</td><td>30,884</td><td>7,602</td><td>4,917</td><td>51,017</td><td>1,438</td></tr><tr><td>Sept. 18.</td><td>1,350</td><td>6,215</td><td>658</td><td>875</td><td>1,971</td><td>6</td><td>3,166</td><td>14,241</td><td>6,022</td><td>914</td><td>31,355</td><td>8,523</td><td>4,122</td><td>50,936</td><td>1,607</td></tr><tr><td>Sept. 25.</td><td>1,431</td><td>5,621</td><td>735</td><td>1,023</td><td>2,008</td><td>5</td><td>3,242</td><td>14,065</td><td>6,422</td><td>793</td><td>31,686</td><td>6,751</td><td>5,484</td><td>51,136</td><td>1,704</td></tr><tr><td>Oct. 2.</td><td>1,439</td><td>5,752</td><td>749</td><td>731</td><td>1,958</td><td>2</td><td>3,335</td><td>13,972</td><td>6,704</td><td>845</td><td>31,859</td><td>7,232</td><td>5,172</td><td>51,812</td><td>1,788</td></tr><tr><td colspan="16">Short-term United States Government obligations held for foreign account:</td></tr><tr><td>Sept. 11.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>19,006</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>24,210</td><td>-</td></tr><tr><td>Sept. 18.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>21,006</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>26,210</td><td>-</td></tr><tr><td>Sept. 25.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>21,006</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>26,210</td><td>-</td></tr><tr><td>Oct. 2.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>21,006</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>26,210</td><td>7</td></tr><tr><td colspan="16">Other liabilities payable in dollars:</td></tr><tr><td>Sept. 11.</td><td>11</td><td>15</td><td>10</td><td>3</td><td>54</td><td>20</td><td>593</td><td>706</td><td>46</td><td>147</td><td>277</td><td>1,134</td><td>1,711</td><td>3,315</td><td>194</td></tr><tr><td>Sept. 18.</td><td>11</td><td>16</td><td>10</td><td>3</td><td>49</td><td>20</td><td>570</td><td>679</td><td>38</td><td>188</td><td>399</td><td>1,137</td><td>1,387</td><td>3,149</td><td>195</td></tr><tr><td>Sept. 25.</td><td>10</td><td>15</td><td>10</td><td>4</td><td>55</td><td>20</td><td>568</td><td>682</td><td>29</td><td>196</td><td>294</td><td>1,135</td><td>1,316</td><td>2,970</td><td>163</td></tr><tr><td>Oct. 2.</td><td>6</td><td>16</td><td>10</td><td>4</td><td>53</td><td>20</td><td>568</td><td>677</td><td>37</td><td>219</td><td>647</td><td>1,131</td><td>1,303</td><td>3,337</td><td>280</td></tr><tr><td colspan="16">TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td></tr><tr><td>Sept. 11.</td><td>62</td><td>17</td><td>-</td><td>727</td><td>171</td><td>-</td><td>640</td><td>1,617</td><td>391</td><td>1,760</td><td>5,506</td><td>19</td><td>284</td><td>7,960</td><td>364</td></tr><tr><td>Sept. 18.</td><td>46</td><td>18</td><td>-</td><td>660</td><td>216</td><td>-</td><td>663</td><td>1,603</td><td>409</td><td>1,880</td><td>5,461</td><td>32</td><td>156</td><td>7,938</td><td>356</td></tr><tr><td>Sept. 25.</td><td>52</td><td>13</td><td>-</td><td>660</td><td>206</td><td>-</td><td>429</td><td>1,360</td><td>424</td><td>2,012</td><td>5,350</td><td>39</td><td>218</td><td>8,043</td><td>343</td></tr><tr><td>Oct. 2.</td><td>37</td><td>13</td><td>-</td><td>80</td><td>210</td><td>-</td><td>436</td><td>776</td><td>434</td><td>1,819</td><td>5,152</td><td>24</td><td>199</td><td>7,628</td><td>372</td></tr><tr><td colspan="16">Borrowings from foreign banks:</td></tr><tr><td>Sept. 11.</td><td>29</td><td>15</td><td>-</td><td>727</td><td>37</td><td>-</td><td>391</td><td>1,199</td><td>379</td><td>1,417</td><td>3,174</td><td>18</td><td>267</td><td>5,255</td><td>202</td></tr><tr><td>Sept. 18.</td><td>16</td><td>16</td><td>-</td><td>660</td><td>76</td><td>-</td><td>419</td><td>1,187</td><td>393</td><td>1,547</td><td>2,972</td><td>32</td><td>137</td><td>5,081</td><td>172</td></tr><tr><td>Sept. 25.</td><td>21</td><td>13</td><td>-</td><td>660</td><td>48</td><td>-</td><td>187</td><td>929</td><td>409</td><td>1,673</td><td>2,888</td><td>39</td><td>187</td><td>5,196</td><td>171</td></tr><tr><td>Oct. 2.</td><td>16</td><td>13</td><td>-</td><td>80</td><td>52</td><td>-</td><td>189</td><td>350</td><td>417</td><td>1,484</td><td>2,620</td><td>24</td><td>172</td><td>4,717</td><td>187</td></tr><tr><td colspan="16">Acceptances made by foreign banks:</td></tr><tr><td>Sept. 11.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>94</td><td>-</td><td>-</td><td>94</td><td>50</td></tr><tr><td>Sept. 18.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>66</td><td>-</td><td>-</td><td>66</td><td>50</td></tr><tr><td>Sept. 25.</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>-</td><td>70</td><td>-</td><td>9</td><td>79</td><td>54</td></tr><tr><td>Oct. 2.</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>65</td><td>-</td><td>9</td><td>74</td><td>54</td></tr><tr><td colspan="16">Other liabilities payable in foreign currencies:</td></tr><tr><td>Sept. 11.</td><td>20</td><td>2</td><td>-</td><td>-</td><td>134</td><td>-</td><td>249</td><td>405</td><td>12</td><td>343</td><td>2,238</td><td>1</td><td>17</td><td>2,611</td><td>112</td></tr><tr><td>Sept. 18.</td><td>17</td><td>2</td><td>-</td><td>-</td><td>140</td><td>-</td><td>244</td><td>403</td><td>16</td><td>333</td><td>2,423</td><td>-</td><td>19</td><td>2,791</td><td>130</td></tr><tr><td>Sept. 25.</td><td>18</td><td>-</td><td>-</td><td>-</td><td>158</td><td>-</td><td>242</td><td>418</td><td>15</td><td>339</td><td>2,393</td><td>-</td><td>22</td><td>2,768</td><td>118</td></tr><tr><td>Oct. 2.</td><td>19</td><td>-</td><td>-</td><td>-</td><td>158</td><td>-</td><td>247</td><td>424</td><td>17</td><td>335</td><td>2,467</td><td>-</td><td>18</td><td>2,837</td><td>131</td></tr></table>
40
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for September 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>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.</td><td>390,728</td><td>22,313</td><td>3,945</td><td>1,629</td><td>320</td><td>1,717</td><td>45,913</td><td>2,925</td><td>1,192</td><td>1,236</td><td>2,804</td><td>1,866</td><td>27,293</td><td>113,153</td><td>33,079</td></tr><tr><td>Sept. 18.</td><td>385,881</td><td>21,481</td><td>3,636</td><td>1,626</td><td>304</td><td>1,704</td><td>45,742</td><td>2,700</td><td>1,124</td><td>1,194</td><td>2,715</td><td>1,948</td><td>27,263</td><td>111,437</td><td>31,501</td></tr><tr><td>Sept. 25.</td><td>377,133</td><td>20,857</td><td>3,519</td><td>1,740</td><td>302</td><td>1,708</td><td>45,572</td><td>2,522</td><td>1,309</td><td>1,194</td><td>2,678</td><td>1,975</td><td>27,117</td><td>110,433</td><td>28,944</td></tr><tr><td>Oct. 2.</td><td>385,469</td><td>20,239</td><td>3,462</td><td>1,704</td><td>283</td><td>1,703</td><td>45,576</td><td>2,753</td><td>1,069</td><td>1,168</td><td>2,690</td><td>1,530</td><td>27,270</td><td>109,407</td><td>30,841</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>Sept. 11.</td><td>43,744</td><td>9,402</td><td>356</td><td>88</td><td>26</td><td>18</td><td>609</td><td>753</td><td>398</td><td>316</td><td>638</td><td>526</td><td>1,254</td><td>14,384</td><td>4,225</td></tr><tr><td>Sept. 18.</td><td>43,428</td><td>9,790</td><td>434</td><td>88</td><td>25</td><td>19</td><td>600</td><td>702</td><td>396</td><td>310</td><td>583</td><td>575</td><td>1,307</td><td>14,829</td><td>3,807</td></tr><tr><td>Sept. 25.</td><td>42,745</td><td>9,081</td><td>432</td><td>75</td><td>25</td><td>22</td><td>578</td><td>747</td><td>606</td><td>313</td><td>537</td><td>595</td><td>1,259</td><td>14,270</td><td>3,779</td></tr><tr><td>Oct. 2.</td><td>42,499</td><td>8,958</td><td>352</td><td>73</td><td>26</td><td>19</td><td>545</td><td>733</td><td>377</td><td>301</td><td>521</td><td>468</td><td>1,232</td><td>13,605</td><td>4,297</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>Sept. 11.</td><td>9,674</td><td>4,883</td><td>32</td><td>65</td><td>8</td><td>1</td><td>45</td><td>261</td><td>121</td><td>21</td><td>110</td><td>410</td><td>36</td><td>5,993</td><td>2,236</td></tr><tr><td>Sept. 18.</td><td>9,392</td><td>4,870</td><td>121</td><td>65</td><td>8</td><td>1</td><td>46</td><td>242</td><td>122</td><td>16</td><td>64</td><td>448</td><td>81</td><td>6,084</td><td>2,154</td></tr><tr><td>Sept. 25.</td><td>8,837</td><td>4,565</td><td>130</td><td>43</td><td>7</td><td>1</td><td>42</td><td>237</td><td>109</td><td>24</td><td>70</td><td>477</td><td>41</td><td>5,746</td><td>2,012</td></tr><tr><td>Oct. 2.</td><td>9,144</td><td>4,415</td><td>52</td><td>40</td><td>7</td><td>2</td><td>34</td><td>251</td><td>111</td><td>20</td><td>45</td><td>353</td><td>35</td><td>5,365</td><td>2,555</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>Sept. 11.</td><td>24,498</td><td>1,467</td><td>133</td><td>9</td><td>3</td><td>9</td><td>530</td><td>403</td><td>59</td><td>151</td><td>9</td><td>8</td><td>419</td><td>3,200</td><td>1,059</td></tr><tr><td>Sept. 18.</td><td>24,429</td><td>1,476</td><td>123</td><td>9</td><td>3</td><td>7</td><td>530</td><td>371</td><td>59</td><td>151</td><td>9</td><td>27</td><td>416</td><td>3,181</td><td>1,027</td></tr><tr><td>Sept. 25.</td><td>24,472</td><td>1,233</td><td>120</td><td>9</td><td>3</td><td>11</td><td>511</td><td>435</td><td>280</td><td>144</td><td>10</td><td>10</td><td>404</td><td>3,170</td><td>1,076</td></tr><tr><td>Oct. 2.</td><td>24,439</td><td>1,504</td><td>119</td><td>9</td><td>4</td><td>9</td><td>485</td><td>408</td><td>47</td><td>146</td><td>18</td><td>9</td><td>383</td><td>3,141</td><td>1,121</td></tr><tr><td>Other assets payable in foreign currences:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.</td><td>9,572</td><td>3,052</td><td>191</td><td>14</td><td>15</td><td>8</td><td>34</td><td>89</td><td>218</td><td>144</td><td>519</td><td>108</td><td>799</td><td>5,191</td><td>930</td></tr><tr><td>Sept. 18.</td><td>9,607</td><td>3,444</td><td>190</td><td>14</td><td>14</td><td>11</td><td>24</td><td>89</td><td>215</td><td>143</td><td>510</td><td>100</td><td>810</td><td>5,564</td><td>626</td></tr><tr><td>Sept. 25.</td><td>9,434</td><td>3,283</td><td>182</td><td>23</td><td>15</td><td>10</td><td>25</td><td>75</td><td>217</td><td>145</td><td>457</td><td>108</td><td>814</td><td>5,354</td><td>691</td></tr><tr><td>Oct. 2.</td><td>8,916</td><td>3,039</td><td>181</td><td>24</td><td>15</td><td>8</td><td>26</td><td>74</td><td>219</td><td>135</td><td>458</td><td>106</td><td>814</td><td>5,099</td><td>621</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>Sept. 11.</td><td>346,984</td><td>12,911</td><td>3,589</td><td>1,541</td><td>294</td><td>1,699</td><td>45,304</td><td>2,172</td><td>794</td><td>920</td><td>2,166</td><td>1,340</td><td>26,039</td><td>98,769</td><td>28,854</td></tr><tr><td>Sept. 18.</td><td>342,453</td><td>11,691</td><td>3,202</td><td>1,538</td><td>279</td><td>1,685</td><td>45,142</td><td>1,998</td><td>728</td><td>884</td><td>2,132</td><td>1,373</td><td>25,956</td><td>96,608</td><td>27,694</td></tr><tr><td>Sept. 25.</td><td>334,390</td><td>11,776</td><td>3,087</td><td>1,665</td><td>277</td><td>1,686</td><td>44,994</td><td>1,775</td><td>703</td><td>881</td><td>2,141</td><td>1,380</td><td>25,858</td><td>96,223</td><td>25,165</td></tr><tr><td>Oct. 2.</td><td>342,970</td><td>11,281</td><td>3,110</td><td>1,631</td><td>257</td><td>1,684</td><td>45,031</td><td>2,020</td><td>692</td><td>867</td><td>2,129</td><td>1,062</td><td>26,038</td><td>95,802</td><td>26,544</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>Sept. 11.</td><td>107,122</td><td>6,899</td><td>1,001</td><td>561</td><td>1</td><td>-</td><td>13,551</td><td>205</td><td>140</td><td>64</td><td>1,473</td><td>156</td><td>10,332</td><td>34,383</td><td>9,772</td></tr><tr><td>Sept. 18.</td><td>104,957</td><td>5,643</td><td>1,018</td><td>562</td><td>-</td><td>-</td><td>13,216</td><td>253</td><td>119</td><td>65</td><td>1,473</td><td>156</td><td>10,322</td><td>32,857</td><td>6,973</td></tr><tr><td>Sept. 25.</td><td>101,604</td><td>6,050</td><td>913</td><td>636</td><td>-</td><td>-</td><td>13,289</td><td>229</td><td>119</td><td>65</td><td>1,480</td><td>194</td><td>10,414</td><td>33,389</td><td>5,411</td></tr><tr><td>Oct. 2.</td><td>103,604</td><td>5,478</td><td>983</td><td>647</td><td>-</td><td>-</td><td>13,867</td><td>567</td><td>122</td><td>57</td><td>1,481</td><td>117</td><td>10,387</td><td>33,706</td><td>5,616</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>Sept. 11.</td><td>59,445</td><td>2,039</td><td>628</td><td>8</td><td>1</td><td>-</td><td>20,201</td><td>739</td><td>7</td><td>-</td><td>91</td><td>114</td><td>1,217</td><td>25,045</td><td>4,860</td></tr><tr><td>Sept. 18.</td><td>55,589</td><td>1,996</td><td>551</td><td>2</td><td>1</td><td>-</td><td>20,357</td><td>562</td><td>7</td><td>-</td><td>86</td><td>113</td><td>1,282</td><td>24,957</td><td>5,023</td></tr><tr><td>Sept. 25.</td><td>55,144</td><td>1,831</td><td>546</td><td>-</td><td>1</td><td>-</td><td>20,173</td><td>456</td><td>7</td><td>-</td><td>87</td><td>94</td><td>1,167</td><td>24,362</td><td>5,250</td></tr><tr><td>Oct. 2.</td><td>55,597</td><td>1,879</td><td>542</td><td>-</td><td>-</td><td>-</td><td>19,627</td><td>365</td><td>7</td><td>-</td><td>79</td><td>86</td><td>1,207</td><td>23,792</td><td>5,301</td></tr><tr><td>Other assets payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.</td><td>180,417</td><td>3,973</td><td>1,960</td><td>972</td><td>292</td><td>1,699</td><td>11,552</td><td>1,228</td><td>647</td><td>856</td><td>602</td><td>1,070</td><td>14,490</td><td>39,341</td><td>14,213</td></tr><tr><td>Sept. 18.</td><td>181,907</td><td>4,052</td><td>1,633</td><td>974</td><td>278</td><td>1,685</td><td>11,569</td><td>1,183</td><td>572</td><td>819</td><td>573</td><td>1,104</td><td>14,352</td><td>38,794</td><td>15,698</td></tr><tr><td>Sept. 25.</td><td>177,642</td><td>3,895</td><td>1,628</td><td>1,029</td><td>276</td><td>1,686</td><td>11,532</td><td>1,090</td><td>577</td><td>816</td><td>574</td><td>1,092</td><td>14,277</td><td>38,472</td><td>14,495</td></tr><tr><td>Oct. 2.</td><td>183,709</td><td>3,924</td><td>1,585</td><td>984</td><td>257</td><td>1,684</td><td>11,537</td><td>1,088</td><td>563</td><td>810</td><td>569</td><td>859</td><td>14,444</td><td>38,304</td><td>15,627</td></tr></table>
(Continued on following page)
41
Short-Term Foreign Assets as Reported by Banks and Bankers
in the United States for September 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>Bong Kong</th><th>Japan Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN 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>Sept. 11.</td><td>15,147</td><td>30,366</td><td>9,539</td><td>10,530</td><td>4,336</td><td>1,768</td><td>40,267</td><td>111,953</td><td>24,486</td><td>3,410</td><td>46,955</td><td>29,777</td><td>18,298</td><td>122,926</td><td>9,617</td></tr><tr><td>Sept. 18.</td><td>15,052</td><td>30,962</td><td>9,647</td><td>10,507</td><td>4,474</td><td>1,807</td><td>40,160</td><td>112,609</td><td>24,296</td><td>3,404</td><td>47,618</td><td>30,052</td><td>18,703</td><td>124,073</td><td>6,261</td></tr><tr><td>Sept. 25.</td><td>14,829</td><td>30,304</td><td>9,522</td><td>10,385</td><td>4,555</td><td>1,749</td><td>40,616</td><td>111,960</td><td>24,384</td><td>3,475</td><td>44,584</td><td>28,662</td><td>18,184</td><td>119,289</td><td>6,147</td></tr><tr><td>Oct. 2.</td><td>14,771</td><td>30,758</td><td>10,000</td><td>10,596</td><td>4,461</td><td>1,866</td><td>40,614</td><td>113,066</td><td>24,158</td><td>4,259</td><td>53,208</td><td>28,190</td><td>15,934</td><td>125,749</td><td>6,106</td></tr><tr><td>TOTAL ASSETS PAYABLE IF 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>Sept. 11.</td><td>1,144</td><td>115</td><td>26</td><td>85</td><td>272</td><td>59</td><td>407</td><td>2,108</td><td>19,318</td><td>731</td><td>951</td><td>92</td><td>1,087</td><td>22,179</td><td>848</td></tr><tr><td>Sept. 18.</td><td>1,144</td><td>103</td><td>25</td><td>89</td><td>228</td><td>60</td><td>437</td><td>2,086</td><td>19,292</td><td>711</td><td>983</td><td>101</td><td>891</td><td>21,978</td><td>728</td></tr><tr><td>Sept. 25.</td><td>1,088</td><td>121</td><td>23</td><td>62</td><td>252</td><td>68</td><td>412</td><td>2,026</td><td>19,254</td><td>683</td><td>919</td><td>92</td><td>945</td><td>21,893</td><td>775</td></tr><tr><td>Oct. 2.</td><td>1,137</td><td>120</td><td>28</td><td>47</td><td>212</td><td>52</td><td>388</td><td>1,984</td><td>19,268</td><td>658</td><td>928</td><td>94</td><td>913</td><td>21,861</td><td>752</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>Sept. 11.</td><td>54</td><td>11</td><td>1</td><td>55</td><td>82</td><td>15</td><td>9</td><td>227</td><td>106</td><td>500</td><td>134</td><td>63</td><td>408</td><td>1,211</td><td>7</td></tr><tr><td>Sept. 18.</td><td>53</td><td>2</td><td>1</td><td>57</td><td>37</td><td>15</td><td>1</td><td>166</td><td>81</td><td>480</td><td>114</td><td>77</td><td>221</td><td>973</td><td>15</td></tr><tr><td>Sept. 25.</td><td>46</td><td>2</td><td>1</td><td>32</td><td>57</td><td>15</td><td>-</td><td>153</td><td>42</td><td>452</td><td>97</td><td>71</td><td>255</td><td>917</td><td>9</td></tr><tr><td>Oct. 2.</td><td>120</td><td>3</td><td>1</td><td>31</td><td>58</td><td>15</td><td>1</td><td>229</td><td>102</td><td>430</td><td>86</td><td>74</td><td>286</td><td>978</td><td>17</td></tr><tr><td>Deposits abroad for account of domestic clients:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.</td><td>609</td><td>18</td><td>2</td><td>-</td><td>4</td><td>-</td><td>97</td><td>730</td><td>19,182</td><td>183</td><td>28</td><td>-</td><td>67</td><td>19,460</td><td>49</td></tr><tr><td>Sept. 18.</td><td>605</td><td>17</td><td>2</td><td>-</td><td>3</td><td>-</td><td>104</td><td>731</td><td>19,181</td><td>182</td><td>20</td><td>-</td><td>64</td><td>19,147</td><td>43</td></tr><tr><td>Sept. 25.</td><td>593</td><td>32</td><td>2</td><td>-</td><td>10</td><td>-</td><td>97</td><td>734</td><td>19,181</td><td>182</td><td>23</td><td>-</td><td>63</td><td>19,149</td><td>43</td></tr><tr><td>Oct. 2.</td><td>594</td><td>30</td><td>2</td><td>-</td><td>10</td><td>-</td><td>95</td><td>731</td><td>19,135</td><td>184</td><td>40</td><td>-</td><td>57</td><td>19,116</td><td>30</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>Sept. 11.</td><td>481</td><td>86</td><td>23</td><td>30</td><td>186</td><td>44</td><td>301</td><td>1,151</td><td>30</td><td>48</td><td>789</td><td>29</td><td>612</td><td>1,508</td><td>792</td></tr><tr><td>Sept. 18.</td><td>486</td><td>84</td><td>22</td><td>32</td><td>188</td><td>45</td><td>332</td><td>1,189</td><td>30</td><td>49</td><td>849</td><td>24</td><td>606</td><td>1,558</td><td>670</td></tr><tr><td>Sept. 25.</td><td>449</td><td>87</td><td>20</td><td>30</td><td>185</td><td>53</td><td>315</td><td>1,139</td><td>31</td><td>49</td><td>799</td><td>21</td><td>627</td><td>1,527</td><td>723</td></tr><tr><td>Oct. 2.</td><td>423</td><td>87</td><td>25</td><td>16</td><td>144</td><td>37</td><td>292</td><td>1,024</td><td>31</td><td>44</td><td>802</td><td>20</td><td>570</td><td>1,467</td><td>705</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>Sept. 11.</td><td>14,003</td><td>30,251</td><td>9,513</td><td>10,445</td><td>4,064</td><td>1,709</td><td>39,860</td><td>109,845</td><td>5,168</td><td>2,679</td><td>46,004</td><td>29,685</td><td>17,211</td><td>100,747</td><td>8,769</td></tr><tr><td>Sept. 18.</td><td>13,908</td><td>30,859</td><td>9,622</td><td>10,418</td><td>4,246</td><td>1,747</td><td>39,723</td><td>110,523</td><td>5,004</td><td>2,693</td><td>46,635</td><td>29,951</td><td>17,812</td><td>102,095</td><td>5,533</td></tr><tr><td>Sept. 25.</td><td>13,741</td><td>30,183</td><td>9,499</td><td>10,323</td><td>4,303</td><td>1,681</td><td>40,204</td><td>109,934</td><td>5,130</td><td>2,792</td><td>43,665</td><td>28,570</td><td>17,239</td><td>97,396</td><td>5,672</td></tr><tr><td>Oct. 2.</td><td>13,634</td><td>30,638</td><td>9,972</td><td>10,549</td><td>4,249</td><td>1,814</td><td>40,226</td><td>111,082</td><td>4,890</td><td>3,601</td><td>52,280</td><td>28,096</td><td>15,021</td><td>103,888</td><td>5,654</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>Sept. 11.</td><td>447</td><td>4,556</td><td>113</td><td>4,501</td><td>556</td><td>11</td><td>4,749</td><td>14,933</td><td>1,806</td><td>2,302</td><td>15,740</td><td>16,696</td><td>11,302</td><td>47,846</td><td>188</td></tr><tr><td>Sept. 18.</td><td>488</td><td>4,750</td><td>119</td><td>4,600</td><td>567</td><td>8</td><td>5,193</td><td>15,725</td><td>1,861</td><td>2,394</td><td>15,912</td><td>17,206</td><td>11,780</td><td>49,153</td><td>249</td></tr><tr><td>Sept. 25.</td><td>295</td><td>4,212</td><td>163</td><td>4,551</td><td>617</td><td>9</td><td>5,133</td><td>14,980</td><td>1,989</td><td>2,434</td><td>15,397</td><td>16,590</td><td>11,105</td><td>47,565</td><td>259</td></tr><tr><td>Oct. 2.</td><td>362</td><td>4,977</td><td>245</td><td>4,877</td><td>383</td><td>8</td><td>4,800</td><td>15,652</td><td>1,811</td><td>3,299</td><td>16,949</td><td>16,818</td><td>9,519</td><td>48,396</td><td>294</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>Sept. 11.</td><td>515</td><td>10,494</td><td>827</td><td>2,600</td><td>418</td><td>35</td><td>2,378</td><td>17,267</td><td>454</td><td>184</td><td>2,857</td><td>3,197</td><td>1,917</td><td>8,609</td><td>3,655</td></tr><tr><td>Sept. 18.</td><td>593</td><td>10,490</td><td>868</td><td>2,551</td><td>565</td><td>32</td><td>2,197</td><td>17,296</td><td>424</td><td>186</td><td>2,257</td><td>2,888</td><td>1,799</td><td>7,554</td><td>759</td></tr><tr><td>Sept. 25.</td><td>560</td><td>10,748</td><td>778</td><td>2,424</td><td>427</td><td>30</td><td>2,118</td><td>17,085</td><td>397</td><td>188</td><td>2,308</td><td>2,835</td><td>1,929</td><td>7,657</td><td>781</td></tr><tr><td>Oct. 2.</td><td>518</td><td>10,712</td><td>800</td><td>2,477</td><td>664</td><td>34</td><td>2,205</td><td>17,410</td><td>386</td><td>180</td><td>3,213</td><td>2,877</td><td>1,635</td><td>8,291</td><td>803</td></tr><tr><td>Other assets payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11.</td><td>13,041</td><td>15,201</td><td>8,573</td><td>3,344</td><td>3,090</td><td>1,663</td><td>32,733</td><td>77,045</td><td>2,908</td><td>193</td><td>27,407</td><td>9,792</td><td>3,992</td><td>44,292</td><td>4,926</td></tr><tr><td>Sept. 18.</td><td>12,827</td><td>15,619</td><td>8,635</td><td>3,267</td><td>3,114</td><td>1,707</td><td>32,333</td><td>77,502</td><td>2,719</td><td>113</td><td>28,466</td><td>9,857</td><td>4,233</td><td>45,388</td><td>4,525</td></tr><tr><td>Sept. 25.</td><td>12,886</td><td>15,223</td><td>8,558</td><td>3,348</td><td>3,259</td><td>1,642</td><td>32,953</td><td>77,869</td><td>2,744</td><td>120</td><td>25,960</td><td>9,145</td><td>4,205</td><td>42,174</td><td>4,632</td></tr><tr><td>Oct. 2.</td><td>12,754</td><td>14,949</td><td>8,927</td><td>3,195</td><td>3,202</td><td>1,772</td><td>33,221</td><td>78,020</td><td>2,693</td><td>122</td><td>32,118</td><td>8,401</td><td>3,867</td><td>47,201</td><td>4,557</td></tr></table>
42
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for September 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>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><td></td></tr><tr><td>September 11.</td><td>13,010</td><td>116</td><td>61</td><td>68</td><td>101</td><td>17</td><td>164</td><td>20</td><td>1,158</td><td>205</td><td>1,910</td><td>7,394</td><td>2,256</td><td>205</td><td>1,218</td><td>1,423</td><td>27</td></tr><tr><td>September 18.</td><td>12,635</td><td>24</td><td>24</td><td>59</td><td>14</td><td>8,071</td><td>5</td><td>6</td><td>628</td><td>173</td><td>9,004</td><td>1,744</td><td>1,264</td><td>420</td><td>124</td><td>544</td><td>79</td></tr><tr><td>September 25.</td><td>19,226</td><td>133</td><td>100</td><td>34</td><td>18</td><td>12,377</td><td>5</td><td>26</td><td>846</td><td>257</td><td>13,796</td><td>3,089</td><td>1,742</td><td>237</td><td>339</td><td>586</td><td>13</td></tr><tr><td>October 2.</td><td>8,114</td><td>38</td><td>33</td><td>388</td><td>28</td><td>59</td><td>26</td><td>20</td><td>919</td><td>169</td><td>1,680</td><td>3,728</td><td>1,949</td><td>252</td><td>471</td><td>723</td><td>34</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><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><td></td></tr><tr><td>September 11.</td><td>4,197</td><td>51</td><td>26</td><td>5</td><td>1</td><td>9</td><td>157</td><td>15</td><td>925</td><td>162</td><td>1,351</td><td>363</td><td>1,332</td><td>23</td><td>1,120</td><td>1,143</td><td>8</td></tr><tr><td>September 18.</td><td>1,914</td><td>4</td><td>11</td><td>2</td><td>6</td><td>15</td><td>5</td><td>-</td><td>452</td><td>161</td><td>656</td><td>532</td><td>544</td><td>28</td><td>114</td><td>142</td><td>40</td></tr><tr><td>September 25.</td><td>2,734</td><td>37</td><td>41</td><td>26</td><td>13</td><td>6</td><td>5</td><td>9</td><td>508</td><td>79</td><td>724</td><td>640</td><td>1,033</td><td>25</td><td>308</td><td>333</td><td>4</td></tr><tr><td>October 2.</td><td>3,485</td><td>29</td><td>15</td><td>158</td><td>9</td><td>27</td><td>15</td><td>17</td><td>562</td><td>120</td><td>952</td><td>828</td><td>1,224</td><td>18</td><td>437</td><td>455</td><td>26</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><td></td></tr><tr><td>September 11.</td><td>7,825</td><td>64</td><td>27</td><td>5</td><td>4</td><td>2</td><td>7</td><td>-</td><td>141</td><td>5</td><td>255</td><td>6,788</td><td>149</td><td>-</td><td>32</td><td>32</td><td>1</td></tr><tr><td>September 18.</td><td>9,677</td><td>20</td><td>12</td><td>-</td><td>-</td><td>8,054</td><td>-</td><td>-</td><td>126</td><td>5</td><td>8,217</td><td>930</td><td>517</td><td>7</td><td>6</td><td>13</td><td>-</td></tr><tr><td>September 25.</td><td>15,273</td><td>96</td><td>50</td><td>-</td><td>1</td><td>12,365</td><td>-</td><td>-</td><td>239</td><td>-</td><td>12,751</td><td>2,213</td><td>281</td><td>-</td><td>23</td><td>23</td><td>5</td></tr><tr><td>October 2.</td><td>2,594</td><td>8</td><td>16</td><td>90</td><td>-</td><td>21</td><td>9</td><td>-</td><td>223</td><td>23</td><td>390</td><td>2,096</td><td>82</td><td>-</td><td>26</td><td>26</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><td></td></tr><tr><td>September 11.</td><td>1,588</td><td>1</td><td>8</td><td>58</td><td>96</td><td>6</td><td>-</td><td>5</td><td>92</td><td>38</td><td>304</td><td>243</td><td>775</td><td>182</td><td>66</td><td>248</td><td>18</td></tr><tr><td>September 18.</td><td>1,044</td><td>-</td><td>1</td><td>57</td><td>8</td><td>2</td><td>-</td><td>6</td><td>50</td><td>7</td><td>131</td><td>282</td><td>203</td><td>385</td><td>4</td><td>389</td><td>39</td></tr><tr><td>September 25.</td><td>1,219</td><td>-</td><td>9</td><td>8</td><td>4</td><td>6</td><td>-</td><td>17</td><td>99</td><td>178</td><td>321</td><td>236</td><td>428</td><td>212</td><td>18</td><td>230</td><td>4</td></tr><tr><td>October 2.</td><td>2,035</td><td>1</td><td>2</td><td>140</td><td>19</td><td>11</td><td>2</td><td>3</td><td>134</td><td>26</td><td>338</td><td>804</td><td>643</td><td>234</td><td>8</td><td>242</td><td>8</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><td></td></tr><tr><td>September 11.</td><td>10,263</td><td>1,305</td><td>95</td><td>11</td><td>8</td><td>10</td><td>68</td><td>36</td><td>2,266</td><td>263</td><td>4,062</td><td>2,880</td><td>2,350</td><td>62</td><td>680</td><td>742</td><td>229</td></tr><tr><td>September 18.</td><td>6,836</td><td>387</td><td>52</td><td>52</td><td>3</td><td>21</td><td>36</td><td>19</td><td>2,793</td><td>131</td><td>3,494</td><td>1,817</td><td>953</td><td>44</td><td>495</td><td>539</td><td>33</td></tr><tr><td>September 25.</td><td>22,273</td><td>1,017</td><td>75</td><td>176</td><td>4</td><td>24</td><td>18</td><td>94</td><td>2,334</td><td>197</td><td>3,939</td><td>6,618</td><td>2,048</td><td>8,971</td><td>302</td><td>9,273</td><td>395</td></tr><tr><td>October 2.</td><td>14,111</td><td>1,931</td><td>133</td><td>22</td><td>26</td><td>212</td><td>44</td><td>4</td><td>4,153</td><td>146</td><td>6,671</td><td>2,667</td><td>1,123</td><td>3,105</td><td>462</td><td>3,567</td><td>83</td></tr><tr><td>Sale 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><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><td></td></tr><tr><td>September 11.</td><td>6,199</td><td>845</td><td>66</td><td>8</td><td>4</td><td>4</td><td>55</td><td>32</td><td>1,274</td><td>188</td><td>2,476</td><td>1,290</td><td>1,594</td><td>49</td><td>663</td><td>712</td><td>127</td></tr><tr><td>September 18.</td><td>4,646</td><td>303</td><td>23</td><td>29</td><td>-</td><td>-</td><td>33</td><td>13</td><td>2,397</td><td>125</td><td>2,923</td><td>685</td><td>528</td><td>8</td><td>471</td><td>479</td><td>31</td></tr><tr><td>September 25.</td><td>5,157</td><td>832</td><td>69</td><td>166</td><td>4</td><td>-</td><td>16</td><td>48</td><td>1,740</td><td>146</td><td>3,021</td><td>530</td><td>918</td><td>-</td><td>293</td><td>293</td><td>395</td></tr><tr><td>October 2.</td><td>6,798</td><td>1,501</td><td>99</td><td>-</td><td>7</td><td>8</td><td>25</td><td>3</td><td>2,849</td><td>130</td><td>4,622</td><td>792</td><td>870</td><td>5</td><td>436</td><td>441</td><td>73</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><td></td></tr><tr><td>September 11.</td><td>2,936</td><td>311</td><td>18</td><td>2</td><td>-</td><td>6</td><td>12</td><td>4</td><td>766</td><td>67</td><td>1,186</td><td>1,450</td><td>287</td><td>3</td><td>9</td><td>12</td><td>1</td></tr><tr><td>September 18.</td><td>1,558</td><td>45</td><td>23</td><td>22</td><td>1</td><td>11</td><td>-</td><td>2</td><td>256</td><td>6</td><td>366</td><td>980</td><td>215</td><td>1</td><td>6</td><td>7</td><td>-</td></tr><tr><td>September 25.</td><td>16,316</td><td>113</td><td>5</td><td>2</td><td>-</td><td>10</td><td>2</td><td>34</td><td>359</td><td>11</td><td>536</td><td>6,014</td><td>802</td><td>8,957</td><td>7</td><td>8,964</td><td>-</td></tr><tr><td>October 2.</td><td>6,387</td><td>258</td><td>34</td><td>13</td><td>19</td><td>200</td><td>19</td><td>-</td><td>1,033</td><td>7</td><td>1,583</td><td>1,595</td><td>106</td><td>3,090</td><td>10</td><td>3,100</td><td>3</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><td></td></tr><tr><td>September 11.</td><td>1,128</td><td>149</td><td>11</td><td>1</td><td>4</td><td>-</td><td>1</td><td>-</td><td>226</td><td>8</td><td>400</td><td>140</td><td>469</td><td>10</td><td>8</td><td>18</td><td>101</td></tr><tr><td>September 18.</td><td>622</td><td>39</td><td>6</td><td>1</td><td>2</td><td>10</td><td>3</td><td>4</td><td>140</td><td>-</td><td>205</td><td>152</td><td>210</td><td>35</td><td>18</td><td>53</td><td>2</td></tr><tr><td>September 25.</td><td>800</td><td>72</td><td>1</td><td>8</td><td>-</td><td>14</td><td>-</td><td>12</td><td>235</td><td>40</td><td>382</td><td>74</td><td>328</td><td>14</td><td>2</td><td>16</td><td>-</td></tr><tr><td>October 2.</td><td>926</td><td>172</td><td>-</td><td>9</td><td>-</td><td>4</td><td>-</td><td>1</td><td>271</td><td>9</td><td>466</td><td>280</td><td>117</td><td>10</td><td>16</td><td>26</td><td>7</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><td></td></tr><tr><td>September 11.</td><td>342</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>330</td><td>-</td><td>-</td><td>11</td><td>11</td><td>-</td></tr><tr><td>September 18.</td><td>476</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>454</td><td>-</td><td>-</td><td>21</td><td>21</td><td>-</td></tr><tr><td>September 25.</td><td>995</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>992</td><td>-</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>October 2.</td><td>324</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>322</td><td>-</td><td>-</td><td>-</td><td>-</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><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><td></td></tr><tr><td>September 11.</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>September 18.</td><td>3</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25.</td><td>9</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2.</td><td>9</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.</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>September 18.</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>September 25.</td><td>481</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>481</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2.</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchase 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><td></td></tr><tr><td>September 11.</td><td>340</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>329</td><td>-</td><td>-</td><td>11</td><td>11</td><td>-</td></tr><tr><td>September 18.</td><td>472</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>-</td><td>-</td><td>21</td><td>21</td><td>-</td></tr><tr><td>September 25.</td><td>505</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>502</td><td>-</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>October 2.</td><td>311</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
(Continued on following page)
43
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for September 1940 - (Continued)
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>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 Aeles</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SALES EXECUTED AHEAD FOR DOMESTIC ACCOUNTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11......</td><td>306</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>303</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18......</td><td>420</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>420</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25......</td><td>1,029</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>2</td><td>1,027</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2.........</td><td>761</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>2</td><td>759</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11......</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18......</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>September 25......</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2.........</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11......</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>September 18......</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25......</td><td>568</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>568</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2.........</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>45</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>September 11......</td><td>304</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>301</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td></tr><tr><td>September 18......</td><td>410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25......</td><td>446</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>2</td><td>444</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>October 2.........</td><td>711</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>2</td><td>709</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for September 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>September 11......</td><td>25,862</td><td>2,049</td><td>1,423</td><td>624</td><td>64</td><td>109</td><td>737</td><td>267</td><td>1,268</td><td>1,955</td><td>8,496</td><td>11,112</td><td>3,679</td><td>97</td><td>2,215</td><td>2,312</td><td>263</td></tr><tr><td>September 13......</td><td>25,586</td><td>1,962</td><td>1,397</td><td>637</td><td>64</td><td>109</td><td>722</td><td>255</td><td>1,151</td><td>1,927</td><td>8,224</td><td>11,181</td><td>3,753</td><td>103</td><td>2,159</td><td>2,262</td><td>266</td></tr><tr><td>September 25......</td><td>25,914</td><td>2,068</td><td>1,381</td><td>526</td><td>68</td><td>111</td><td>644</td><td>251</td><td>1,105</td><td>1,889</td><td>8,043</td><td>11,105</td><td>4,144</td><td>120</td><td>2,285</td><td>2,405</td><td>217</td></tr><tr><td>October 2.........</td><td>26,085</td><td>2,002</td><td>1,394</td><td>511</td><td>69</td><td>109</td><td>639</td><td>266</td><td>978</td><td>1,945</td><td>7,913</td><td>11,060</td><td>4,435</td><td>100</td><td>2,352</td><td>2,452</td><td>225</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>September 11......</td><td>48,528</td><td>2,146</td><td>6,531</td><td>691</td><td>146</td><td>46</td><td>6,273</td><td>260</td><td>14,631</td><td>2,208</td><td>32,932</td><td>3,040</td><td>10,458</td><td>194</td><td>1,450</td><td>1,644</td><td>554</td></tr><tr><td>September 13......</td><td>49,120</td><td>2,241</td><td>6,045</td><td>662</td><td>145</td><td>45</td><td>6,519</td><td>264</td><td>15,374</td><td>2,286</td><td>33,581</td><td>3,180</td><td>10,045</td><td>188</td><td>1,551</td><td>1,739</td><td>575</td></tr><tr><td>September 25......</td><td>49,595</td><td>2,192</td><td>5,963</td><td>702</td><td>145</td><td>49</td><td>6,451</td><td>265</td><td>14,842</td><td>2,335</td><td>32,945</td><td>2,886</td><td>11,589</td><td>172</td><td>1,464</td><td>1,636</td><td>539</td></tr><tr><td>October 2.........</td><td>50,481</td><td>2,279</td><td>6,231</td><td>652</td><td>140</td><td>59</td><td>6,670</td><td>262</td><td>14,958</td><td>2,162</td><td>33,413</td><td>3,138</td><td>11,608</td><td>196</td><td>1,569</td><td>1,765</td><td>557</td></tr></table>
44
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for September 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td colspan="18">TOTAL PURCHASES IN THE UNITED STATES:</td></tr><tr><td>September 11</td><td>319</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>318</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>284</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>276</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>357</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>343</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2</td><td>116</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Purchases of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 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><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>September 11</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>September 18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Purchases of foreign securities:</td></tr><tr><td>September 11</td><td>318</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>317</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>284</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>276</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>357</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>343</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2</td><td>100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>97</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">TOTAL SALES IN THE UNITED STATES:</td></tr><tr><td>September 11</td><td>292</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>291</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Sales of domestic securities:</td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 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><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>September 11</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>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 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><td>-</td><td>-</td><td>-</td></tr><tr><td colspan="18">Sales of foreign securities:</td></tr><tr><td>September 11</td><td>291</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>291</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 18</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>September 25</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>October 2</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>92</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
45
Foreign Purchases and Sales of Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th></tr><tr><td>1917-Jan. 6....</td><td>18,171</td><td>37,056</td><td>1,115</td><td>1938-May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>1939-Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td></tr><tr><td>13....</td><td>65,591</td><td>56,170</td><td>9,421</td><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>13....</td><td>52,564</td><td>42,611</td><td>9,953</td></tr><tr><td>20....</td><td>81,012</td><td>60,013</td><td>20,999</td><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td>20....</td><td>33,127</td><td>40,019</td><td>-6,892</td></tr><tr><td>27....</td><td>68,904</td><td>59,867</td><td>9,037</td><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td></tr><tr><td>Feb. 3....</td><td>65,470</td><td>55,056</td><td>10,414</td><td>June 1....</td><td>10,405</td><td>9,987</td><td>422</td><td>Oct. 4....</td><td>16,932</td><td>29,373</td><td>-12,441</td></tr><tr><td>10....</td><td>98,866</td><td>66,819</td><td>32,047</td><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>11....</td><td>19,164</td><td>22,395</td><td>-3,231</td></tr><tr><td>17....</td><td>77,632</td><td>73,754</td><td>3,878</td><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>18....</td><td>17,162</td><td>18,811</td><td>-1,649</td></tr><tr><td>24....</td><td>74,863</td><td>64,632</td><td>10,231</td><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>25....</td><td>17,784</td><td>29,487</td><td>-11,703</td></tr><tr><td>Mar. 3....</td><td>74,784</td><td>63,616</td><td>11,168</td><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td>Sov. 1....</td><td>20,228</td><td>25,120</td><td>-4,892</td></tr><tr><td>10....</td><td>113,812</td><td>85,119</td><td>28,693</td><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>8....</td><td>14,648</td><td>20,862</td><td>-6,214</td></tr><tr><td>17....</td><td>84,365</td><td>74,045</td><td>10,320</td><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>15....</td><td>17,404</td><td>23,674</td><td>-6,210</td></tr><tr><td>24....</td><td>66,507</td><td>69,074</td><td>-2,567</td><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>22....</td><td>15,175</td><td>15,666</td><td>-491</td></tr><tr><td>31....</td><td>43,680</td><td>30,086</td><td>13,594</td><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>29....</td><td>14,267</td><td>13,357</td><td>900</td></tr><tr><td>Apr. 7....</td><td>58,751</td><td>50,982</td><td>7,769</td><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>Dec. 6....</td><td>10,824</td><td>15,064</td><td>-4,240</td></tr><tr><td>14....</td><td>58,729</td><td>58,162</td><td>567</td><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>13....</td><td>16,774</td><td>16,437</td><td>337</td></tr><tr><td>21....</td><td>39,674</td><td>43,278</td><td>-3,604</td><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td></tr><tr><td>28....</td><td>43,143</td><td>54,898</td><td>-11,755</td><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td></tr><tr><td>May 5....</td><td>44,852</td><td>67,685</td><td>-22,833</td><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>4,100</td></tr><tr><td>12....</td><td>34,423</td><td>25,111</td><td>9,312</td><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td></tr><tr><td>19....</td><td>26,800</td><td>32,184</td><td>-5,384</td><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>17....</td><td>15,309</td><td>21,266</td><td>-5,957</td></tr><tr><td>26....</td><td>34,169</td><td>25,316</td><td>8,853</td><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>24....</td><td>9,969</td><td>13,686</td><td>-3,717</td></tr><tr><td>June 2....</td><td>18,912</td><td>14,271</td><td>4,641</td><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>31....</td><td>9,192</td><td>10,056</td><td>-664</td></tr><tr><td>9....</td><td>31,995</td><td>26,171</td><td>5,824</td><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-787</td></tr><tr><td>16....</td><td>32,783</td><td>26,962</td><td>5,821</td><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td></tr><tr><td>23....</td><td>21,651</td><td>28,638</td><td>-6,987</td><td>26....</td><td>45,644</td><td>33,412</td><td>12,232</td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td></tr><tr><td>30....</td><td>26,474</td><td>19,865</td><td>6,609</td><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>28....</td><td>14,835</td><td>13,520</td><td>1,315</td></tr><tr><td>July 7....</td><td>16,717</td><td>20,597</td><td>-3,880</td><td>9....</td><td>26,885</td><td>25,402</td><td>1,483</td><td>Mar. 6....</td><td>11,723</td><td>13,056</td><td>-1,333</td></tr><tr><td>14....</td><td>41,309</td><td>33,482</td><td>7,827</td><td>16....</td><td>43,426</td><td>38,193</td><td>5,233</td><td>13....</td><td>11,518</td><td>14,911</td><td>-3,393</td></tr><tr><td>21....</td><td>34,326</td><td>31,427</td><td>2,899</td><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>20....</td><td>11,217</td><td>12,777</td><td>-1,560</td></tr><tr><td>28....</td><td>48,503</td><td>33,337</td><td>15,166</td><td>30....</td><td>30,735</td><td>28,197</td><td>2,538</td><td>27....</td><td>6,176</td><td>9,009</td><td>-2,833</td></tr><tr><td>Aug. 4....</td><td>32,886</td><td>25,129</td><td>7,757</td><td>Dec. 7....</td><td>29,389</td><td>23,352</td><td>6,037</td><td>Apr. 3....</td><td>12,778</td><td>16,316</td><td>-3,538</td></tr><tr><td>11....</td><td>41,681</td><td>33,544</td><td>8,137</td><td>14....</td><td>20,646</td><td>28,398</td><td>-7,752</td><td>10....</td><td>19,870</td><td>21,064</td><td>-1,194</td></tr><tr><td>18....</td><td>28,433</td><td>27,762</td><td>671</td><td>21....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>17....</td><td>16,998</td><td>14,067</td><td>2,931</td></tr><tr><td>25....</td><td>31,062</td><td>25,222</td><td>5,840</td><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>24....</td><td>16,284</td><td>17,826</td><td>-1,542</td></tr><tr><td>Sept. 1....</td><td>26,590</td><td>25,761</td><td>829</td><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td><td>May 1....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>8....</td><td>26,093</td><td>23,110</td><td>2,983</td><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>8....</td><td>10,392</td><td>11,665</td><td>-1,273</td></tr><tr><td>15....</td><td>57,789</td><td>45,416</td><td>12,373</td><td>18....</td><td>21,357</td><td>29,874</td><td>-8,507</td><td>15....</td><td>16,102</td><td>15,075</td><td>1,027</td></tr><tr><td>22....</td><td>37,904</td><td>42,671</td><td>-4,767</td><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>22....</td><td>19,019</td><td>22,819</td><td>-3,800</td></tr><tr><td>29....</td><td>38,753</td><td>39,000</td><td>-247</td><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>29....</td><td>17,043</td><td>24,823</td><td>-7,780</td></tr><tr><td>Oct. 6....</td><td>22,337</td><td>24,753</td><td>-2,416</td><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>June 5....</td><td>18,498</td><td>5,928</td><td>12,570</td></tr><tr><td>13....</td><td>24,008</td><td>36,652</td><td>-12,644</td><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>12....</td><td>9,678</td><td>6,598</td><td>3,080</td></tr><tr><td>20....</td><td>37,540</td><td>41,240</td><td>-3,700</td><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>19....</td><td>9,996</td><td>12,611</td><td>-2,615</td></tr><tr><td>27....</td><td>54,514</td><td>44,618</td><td>9,896</td><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>26....</td><td>5,034</td><td>17,189</td><td>-12,155</td></tr><tr><td>Fov. 3....</td><td>32,346</td><td>24,798</td><td>7,548</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>July 3....</td><td>4,228</td><td>14,682</td><td>-10,454</td></tr><tr><td>10....</td><td>26,527</td><td>30,716</td><td>-4,189</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>10....</td><td>2,434</td><td>10,607</td><td>-8,173</td></tr><tr><td>17....</td><td>29,423</td><td>24,081</td><td>5,342</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>17....</td><td>2,135</td><td>12,921</td><td>-10,786</td></tr><tr><td>24....</td><td>26,339</td><td>29,814</td><td>-3,475</td><td>29....</td><td>29,386</td><td>23,209</td><td>6,177</td><td>24....</td><td>7,908</td><td>6,892</td><td>1,016</td></tr><tr><td>Dec. 1....</td><td>26,062</td><td>19,104</td><td>6,958</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td>31....</td><td>3,826</td><td>7,391</td><td>-3,565</td></tr><tr><td>8....</td><td>25,512</td><td>19,482</td><td>6,030</td><td>12....</td><td>19,977</td><td>17,952</td><td>2,015</td><td>Aug. 7....</td><td>6,171</td><td>6,131</td><td>40</td></tr><tr><td>15....</td><td>35,481</td><td>26,796</td><td>8,685</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td>14....</td><td>3,002</td><td>17,682</td><td>-14,680</td></tr><tr><td>22....</td><td>24,631</td><td>16,525</td><td>8,106</td><td>26....</td><td>19,851</td><td>18,924</td><td>1,327</td><td>21....</td><td>2,294</td><td>4,844</td><td>-2,550</td></tr><tr><td>29....</td><td>20,602</td><td>9,888</td><td>10,714</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td><td>28....</td><td>2,244</td><td>6,914</td><td>-4,670</td></tr><tr><td>1938-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td><td>Sept. 4....</td><td>4,376</td><td>5,336</td><td>-960</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td><td>11....</td><td>11,425</td><td>9,138</td><td>2,287</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td>18....</td><td>11,601</td><td>6,218</td><td>5,383</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td><td>25....</td><td>18,590</td><td>21,963</td><td>-3,373</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td><td>Oct. 2....</td><td>6,145</td><td>13,198</td><td>-7,053</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</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>16....</td><td>10,704</td><td>15,302</td><td>-4,598</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>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>28....</td><td>11,127</td><td>16,353</td><td>-5,226</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>July 5....</td><td>17,512</td><td>13,128</td><td>4,384</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>12....</td><td>7,832</td><td>12,749</td><td>-4,917</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>19....</td><td>16,348</td><td>24,653</td><td>-8,305</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>26....</td><td>28,125</td><td>28,866</td><td>-741</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>Aug. 2....</td><td>20,542</td><td>18,708</td><td>2,234</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 6....</td><td>18,957</td><td>19,058</td><td>-91</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td><td></td><td></td><td></td><td></td></tr><tr><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td><td></td><td></td><td></td><td></td></tr><tr><td>2
1/ Includes transactions executed in the United States for foreign accounts, executed abroad for domestic accounts, and transactions in joint foreign arbitrage accounts as reported by banks, bankers, brokers, and dealers in the United States.
FOREIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
Weekly
46
47
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for September 1940
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td><b>TOTAL PURCHASES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>18,733</td><td>7,961</td><td>246</td><td>602</td><td>68</td><td>290</td><td>366</td><td>122</td><td>2,553</td><td>207</td><td>12,415</td><td>2,543</td><td>827</td><td>1,436</td><td>656</td><td>2,092</td><td>876</td></tr><tr><td>Sept. 11 Forward..</td><td>3,829</td><td>2,503</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>11</td><td>-</td><td>2,533</td><td>-</td><td>300</td><td>338</td><td>150</td><td>488</td><td>-</td></tr><tr><td>Sept. 15 Spot....</td><td>15,856</td><td>7,613</td><td>258</td><td>161</td><td>83</td><td>322</td><td>11</td><td>158</td><td>848</td><td>227</td><td>4,447</td><td>2.</td><td>372</td><td>2,222</td><td>678</td><td>2,900</td><td>484</td></tr><tr><td>Sept. 15 Forward..</td><td>2,345</td><td>1,415</td><td>-</td><td>-</td><td>-</td><td>26</td><td>-</td><td>-</td><td>13</td><td>51</td><td>1.</td><td>-</td><td>-</td><td>283</td><td>154</td><td>477</td><td>-</td></tr><tr><td>Sept. 25 Spot....</td><td>15,249</td><td>6,060</td><td>172</td><td>9</td><td>50</td><td>610</td><td>1,255</td><td>181</td><td>1,895</td><td>203</td><td>10,411</td><td>2.0.</td><td>678</td><td>469</td><td>671</td><td>1,140</td><td>341</td></tr><tr><td>Sept. 25 Forward..</td><td>3,063</td><td>1,880</td><td>3</td><td>39</td><td>1</td><td>35</td><td>23</td><td>-</td><td>2</td><td>-</td><td>1,981</td><td>80</td><td>11</td><td>72</td><td>196</td><td>268</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>17,212</td><td>7,027</td><td>220</td><td>10</td><td>53</td><td>450</td><td>105</td><td>263</td><td>1,984</td><td>235</td><td>10,407</td><td>3,010</td><td>493</td><td>1,676</td><td>595</td><td>2,271</td><td>431</td></tr><tr><td>Oct. 2 Forward..</td><td>4,061</td><td>2,374</td><td>1</td><td>4</td><td>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>20</td><td>2,404</td><td>714</td><td>-</td><td>729</td><td>214</td><td>943</td><td>-</td></tr><tr><td><b>Purchases from banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>12,760</td><td>4,975</td><td>57</td><td>17</td><td>42</td><td>193</td><td>366</td><td>96</td><td>2,416</td><td>189</td><td>6,351</td><td>1,777</td><td>593</td><td>1,277</td><td>632</td><td>1,909</td><td>530</td></tr><tr><td>Sept. 11 Forward..</td><td>2,659</td><td>1,889</td><td>-</td><td>-</td><td>-</td><td>19</td><td>-</td><td>-</td><td>7</td><td>-</td><td>1,915</td><td>9</td><td>288</td><td>225</td><td>135</td><td>360</td><td>-</td></tr><tr><td>Sept. 18 Spot....</td><td>11,304</td><td>5,270</td><td>141</td><td>161</td><td>69</td><td>276</td><td>-</td><td>99</td><td>790</td><td>174</td><td>6,980</td><td>1,551</td><td>205</td><td>1,876</td><td>629</td><td>2,505</td><td>61</td></tr><tr><td>Sept. 18 Forward..</td><td>1,227</td><td>620</td><td>-</td><td>-</td><td>-</td><td>25</td><td>-</td><td>-</td><td>13</td><td>51</td><td>709</td><td>161</td><td>-</td><td>163</td><td>194</td><td>357</td><td>-</td></tr><tr><td>Sept. 25 Spot.....</td><td>11,251</td><td>4,593</td><td>78</td><td>4</td><td>42</td><td>310</td><td>778</td><td>95</td><td>1,853</td><td>160</td><td>7,911</td><td>1,873</td><td>464</td><td>292</td><td>653</td><td>945</td><td>56</td></tr><tr><td>Sept. 25 Forward..</td><td>2,140</td><td>1,128</td><td>-</td><td>39</td><td>1</td><td>20</td><td>-</td><td>-</td><td>2</td><td>-</td><td>1,190</td><td>671</td><td>11</td><td>72</td><td>196</td><td>268</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>12,049</td><td>4,911</td><td>78</td><td>5</td><td>49</td><td>359</td><td>104</td><td>139</td><td>1,630</td><td>275</td><td>7,550</td><td>2,095</td><td>412</td><td>1,390</td><td>537</td><td>1,927</td><td>65</td></tr><tr><td>Oct. 2 Forward..</td><td>2,448</td><td>903</td><td>-</td><td>4</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>909</td><td>696</td><td>-</td><td>629</td><td>214</td><td>843</td><td>-</td></tr><tr><td><b>Purchases from customers other than banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>5,973</td><td>2,986</td><td>189</td><td>585</td><td>26</td><td>97</td><td>-</td><td>26</td><td>137</td><td>18</td><td>4,064</td><td>1,140</td><td>234</td><td>159</td><td>24</td><td>183</td><td>346</td></tr><tr><td>Sept. 11 Forward..</td><td>1,170</td><td>614</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>618</td><td>412</td><td>12</td><td>113</td><td>15</td><td>128</td><td>-</td></tr><tr><td>Sept. 18 Spot....</td><td>4,552</td><td>2,343</td><td>117</td><td>-</td><td>14</td><td>46</td><td>11</td><td>69</td><td>58</td><td>53</td><td>2,711</td><td>856</td><td>167</td><td>346</td><td>49</td><td>395</td><td>423</td></tr><tr><td>Sept. 18 Forward..</td><td>1,118</td><td>795</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>796</td><td>202</td><td>-</td><td>120</td><td>-</td><td>120</td><td>-</td></tr><tr><td>Sept. 25 Spot....</td><td>3,998</td><td>1,467</td><td>94</td><td>5</td><td>8</td><td>300</td><td>477</td><td>86</td><td>42</td><td>43</td><td>2,522</td><td>782</td><td>214</td><td>177</td><td>18</td><td>195</td><td>285</td></tr><tr><td>Sept. 25 Forward..</td><td>923</td><td>752</td><td>3</td><td>-</td><td>-</td><td>15</td><td>23</td><td>-</td><td>-</td><td>-</td><td>793</td><td>130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>5,163</td><td>2,116</td><td>142</td><td>5</td><td>4</td><td>91</td><td>1</td><td>124</td><td>354</td><td>20</td><td>2,857</td><td>1,515</td><td>81</td><td>286</td><td>58</td><td>344</td><td>366</td></tr><tr><td>Oct. 2 Forward..</td><td>1,613</td><td>1,471</td><td>1</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>20</td><td>1,495</td><td>1.</td><td>-</td><td>100</td><td>-</td><td>100</td><td>-</td></tr><tr><td><b>TOTAL SALES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>18,681</td><td>7,915</td><td>243</td><td>588</td><td>64</td><td>209</td><td>420</td><td>183</td><td>2,653</td><td>192</td><td>12,467</td><td>2,584</td><td>1,154</td><td>1,138</td><td>732</td><td>1,870</td><td>606</td></tr><tr><td>Sept. 11 Forward..</td><td>3,197</td><td>2,286</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,286</td><td>215</td><td>44</td><td>601</td><td>51</td><td>652</td><td>-</td></tr><tr><td>Sept. 18 Spot....</td><td>15,430</td><td>8,106</td><td>220</td><td>1</td><td>78</td><td>360</td><td>361</td><td>156</td><td>916</td><td>251</td><td>10,445</td><td>2,511</td><td>390</td><td>836</td><td>870</td><td>1,706</td><td>378</td></tr><tr><td>Sept. 18 Forward..</td><td>3,439</td><td>1,288</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1,296</td><td>292</td><td>10</td><td>1,816</td><td>25</td><td>1,841</td><td>-</td></tr><tr><td>Sept. 25 Spot....</td><td>14,036</td><td>5,526</td><td>222</td><td>58</td><td>62</td><td>468</td><td>77</td><td>109</td><td>1,847</td><td>167</td><td>8,577</td><td>2,875</td><td>614</td><td>869</td><td>865</td><td>1,734</td><td>317</td></tr><tr><td>Sept. 25 Forward..</td><td>2,728</td><td>1,718</td><td>1</td><td>-</td><td>-</td><td>34</td><td>-</td><td>-</td><td>2</td><td>-</td><td>1,755</td><td>876</td><td>2</td><td>63</td><td>32</td><td>95</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>17,567</td><td>7,255</td><td>250</td><td>15</td><td>68</td><td>480</td><td>119</td><td>268</td><td>2,095</td><td>214</td><td>10,764</td><td>3,77</td><td>504</td><td>1,919</td><td>759</td><td>2,678</td><td>251</td></tr><tr><td>Oct. 2 Forward..</td><td>3,766</td><td>2,176</td><td>3</td><td>-</td><td>2</td><td>15</td><td>95</td><td>-</td><td>14</td><td>-</td><td>2,705</td><td>714</td><td>-</td><td>699</td><td>16</td><td>715</td><td>-</td></tr><tr><td><b>Sales to banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>8,354</td><td>2,771</td><td>69</td><td>531</td><td>14</td><td>126</td><td>412</td><td>153</td><td>1,788</td><td>89</td><td>6,003</td><td>1,204</td><td>800</td><td>135</td><td>110</td><td>245</td><td>102</td></tr><tr><td>Sept. 11 Forward..</td><td>1,716</td><td>895</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>895</td><td>149</td><td>27</td><td>594</td><td>51</td><td>645</td><td>-</td></tr><tr><td>Sept. 18 Spot....</td><td>5,516</td><td>2,041</td><td>137</td><td>-</td><td>11</td><td>227</td><td>106</td><td>106</td><td>538</td><td>104</td><td>3,270</td><td>1,333</td><td>211</td><td>142</td><td>251</td><td>393</td><td>309</td></tr><tr><td>Sept. 18 Forward..</td><td>2,848</td><td>906</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>914</td><td>170</td><td>10</td><td>1,730</td><td>24</td><td>1,754</td><td>-</td></tr><tr><td>Sept. 25 Spot....</td><td>5,879</td><td>1,371</td><td>113</td><td>6</td><td>18</td><td>249</td><td>30</td><td>83</td><td>1,492</td><td>95</td><td>3,457</td><td>1,769</td><td>280</td><td>82</td><td>58</td><td>140</td><td>233</td></tr><tr><td>Sept. 25 Forward..</td><td>1,698</td><td>976</td><td>-</td><td>-</td><td>-</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,092</td><td>627</td><td>2</td><td>56</td><td>11</td><td>67</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>7,836</td><td>1,874</td><td>140</td><td>-</td><td>15</td><td>238</td><td>104</td><td>177</td><td>1,671</td><td>107</td><td>4,722</td><td>2,154</td><td>217</td><td>819</td><td>154</td><td>973</td><td>161</td></tr><tr><td>Oct. 2 Forward..</td><td>1,634</td><td>703</td><td>2</td><td>-</td><td>2</td><td>15</td><td>95</td><td>-</td><td>14</td><td>-</td><td>831</td><td>152</td><td>-</td><td>651</td><td>-</td><td>651</td><td>-</td></tr><tr><td><b>Sales to customers other than banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sept. 11 Spot....</td><td>10,327</td><td>5,144</td><td>174</td><td>7</td><td>50</td><td>83</td><td>8</td><td>30</td><td>865</td><td>103</td><td>6,464</td><td>1,380</td><td>354</td><td>1,003</td><td>622</td><td>1,625</td><td>504</td></tr><tr><td>Sept. 11 Forward..</td><td>1,481</td><td>1,391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,391</td><td>66</td><td>17</td><td>7</td><td>-</td><td>7</td><td>-</td></tr><tr><td>Sept. 18 Spot....</td><td>9,914</td><td>6,065</td><td>83</td><td>1</td><td>63</td><td>133</td><td>255</td><td>50</td><td>378</td><td>147</td><td>7,175</td><td>1,178</td><td>179</td><td>694</td><td>619</td><td>1,313</td><td>69</td></tr><tr><td>Sept. 18 Forward..</td><td>591</td><td>382</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>382</td><td>122</td><td>-</td><td>85</td><td>1</td><td>87</td><td>-</td></tr><tr><td>Sept. 25 Spot....</td><td>8,157</td><td>4,155</td><td>109</td><td>52</td><td>44</td><td>219</td><td>47</td><td>26</td><td>355</td><td>72</td><td>5,079</td><td>1,066</td><td>334</td><td>787</td><td>807</td><td>1,594</td><td>84</td></tr><tr><td>Sept. 25 Forward..</td><td>1,030</td><td>742</td><td>1</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>2</td><td>-</td><td>753</td><td>249</td><td>-</td><td>7</td><td>21</td><td>28</td><td>-</td></tr><tr><td>Oct. 2 Spot.....</td><td>9,731</td><td>5,381</td><td>110</td><td>15</td><td>53</td><td>242</td><td>15</td><td>91</td><td>424</td><td>107</td><td>6,443</td><td>1,211</td><td>287</td><td>1,100</td><td>605</td><td>1,705</td><td>90</td></tr><tr><td>Oct. 2 Forward..</td><td>2,132</td><td>1,473</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,474</td><td>594</td><td>-</td><td>148</td><td>16</td><td>64</td><td>-</td></tr></table>
48
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during September 1940
(In thousands of dollars)
<table><tr><th>Contracts as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td><b>TOTAL PURCHASE CONTRACTS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>71,970</td><td>50,595</td><td>715</td><td>1,413</td><td>-</td><td>100</td><td>1,961</td><td>-</td><td>8</td><td>66</td><td>54,858</td><td>9,967</td><td>1,699</td><td>4,342</td><td>1,104</td><td>5,446</td><td>-</td></tr><tr><td>September 18.....</td><td>68,335</td><td>47,539</td><td>398</td><td>1,380</td><td>-</td><td>66</td><td>1,837</td><td>-</td><td>15</td><td>116</td><td>51,351</td><td>9,873</td><td>1,693</td><td>4,154</td><td>1,264</td><td>5,418</td><td>-</td></tr><tr><td>September 25.....</td><td>68,076</td><td>46,929</td><td>343</td><td>1,372</td><td>1</td><td>50</td><td>1,748</td><td>-</td><td>10</td><td>92</td><td>50,545</td><td>10,507</td><td>1,719</td><td>3,855</td><td>1,450</td><td>5,305</td><td>-</td></tr><tr><td>October 2.....</td><td>61,849</td><td>41,852</td><td>343</td><td>1,375</td><td>2</td><td>9</td><td>1,642</td><td>-</td><td>7</td><td>101</td><td>45,331</td><td>9,666</td><td>1,584</td><td>4,102</td><td>1,166</td><td>5,268</td><td>-</td></tr><tr><td><b>Contracts for purchases from foreign customers:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>26,074</td><td>16,032</td><td>442</td><td>948</td><td>-</td><td>2</td><td>639</td><td>-</td><td>-</td><td>-</td><td>18,063</td><td>5,563</td><td>1,119</td><td>522</td><td>807</td><td>1,329</td><td>-</td></tr><tr><td>September 18.....</td><td>24,222</td><td>14,435</td><td>169</td><td>948</td><td>-</td><td>2</td><td>587</td><td>-</td><td>-</td><td>-</td><td>16,141</td><td>5,313</td><td>1,113</td><td>686</td><td>969</td><td>1,655</td><td>-</td></tr><tr><td>September 25.....</td><td>24,504</td><td>14,404</td><td>131</td><td>947</td><td>1</td><td>2</td><td>586</td><td>-</td><td>3</td><td>-</td><td>16,074</td><td>5,568</td><td>1,112</td><td>596</td><td>1,154</td><td>1,750</td><td>-</td></tr><tr><td>October 2.....</td><td>23,794</td><td>13,884</td><td>131</td><td>947</td><td>2</td><td>2</td><td>533</td><td>-</td><td>3</td><td>-</td><td>15,502</td><td>5,635</td><td>1,112</td><td>605</td><td>940</td><td>1,545</td><td>-</td></tr><tr><td><b>Contracte for purchases from domestic customers:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>45,896</td><td>34,563</td><td>273</td><td>465</td><td>-</td><td>98</td><td>1,322</td><td>-</td><td>8</td><td>66</td><td>36,795</td><td>4,404</td><td>580</td><td>3,820</td><td>297</td><td>4,117</td><td>-</td></tr><tr><td>September 18.....</td><td>44,113</td><td>33,104</td><td>229</td><td>432</td><td>-</td><td>64</td><td>1,250</td><td>-</td><td>15</td><td>116</td><td>35,210</td><td>4,560</td><td>580</td><td>3,468</td><td>295</td><td>3,763</td><td>-</td></tr><tr><td>September 25.....</td><td>43,572</td><td>32,525</td><td>212</td><td>425</td><td>-</td><td>48</td><td>1,162</td><td>-</td><td>7</td><td>92</td><td>34,471</td><td>4,939</td><td>607</td><td>3,259</td><td>296</td><td>3,555</td><td>-</td></tr><tr><td>October 2.....</td><td>38,055</td><td>27,968</td><td>212</td><td>428</td><td>-</td><td>7</td><td>1,109</td><td>-</td><td>4</td><td>101</td><td>29,829</td><td>4,031</td><td>472</td><td>3,497</td><td>226</td><td>3,723</td><td>-</td></tr><tr><td><b>TOTAL SALES CONTRACTS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>66,976</td><td>42,305</td><td>314</td><td>1,679</td><td>-</td><td>130</td><td>3,361</td><td>64</td><td>25</td><td>11</td><td>47,889</td><td>9,549</td><td>1,691</td><td>7,052</td><td>795</td><td>7,847</td><td>-</td></tr><tr><td>September 18.....</td><td>64,436</td><td>38,927</td><td>225</td><td>1,681</td><td>-</td><td>78</td><td>3,359</td><td>46</td><td>11</td><td>10</td><td>44,337</td><td>9,412</td><td>1,701</td><td>8,351</td><td>635</td><td>8,986</td><td>-</td></tr><tr><td>September 25.....</td><td>61,930</td><td>37,698</td><td>207</td><td>1,639</td><td>-</td><td>71</td><td>2,105</td><td>45</td><td>10</td><td>11</td><td>41,786</td><td>10,038</td><td>1,718</td><td>7,732</td><td>656</td><td>8,388</td><td>-</td></tr><tr><td>October 2.....</td><td>56,615</td><td>32,979</td><td>188</td><td>1,639</td><td>2</td><td>38</td><td>2,000</td><td>45</td><td>3</td><td>13</td><td>36,907</td><td>9,685</td><td>1,635</td><td>7,751</td><td>637</td><td>8,388</td><td>-</td></tr><tr><td><b>Contracts for sale to foreign customers:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>22,063</td><td>13,197</td><td>-</td><td>1,447</td><td>-</td><td>-</td><td>970</td><td>63</td><td>22</td><td>-</td><td>15,699</td><td>2,153</td><td>1,460</td><td>2,575</td><td>176</td><td>2,751</td><td>-</td></tr><tr><td>September 18.....</td><td>23,693</td><td>13,231</td><td>-</td><td>1,447</td><td>-</td><td>-</td><td>970</td><td>45</td><td>7</td><td>-</td><td>15,700</td><td>2,171</td><td>1,470</td><td>4,176</td><td>176</td><td>4,352</td><td>-</td></tr><tr><td>September 25.....</td><td>22,815</td><td>12,921</td><td>-</td><td>1,446</td><td>-</td><td>-</td><td>890</td><td>45</td><td>7</td><td>-</td><td>15,309</td><td>2,170</td><td>1,488</td><td>3,672</td><td>176</td><td>3,848</td><td>-</td></tr><tr><td>October 2.....</td><td>22,430</td><td>13,182</td><td>-</td><td>1,446</td><td>-</td><td>-</td><td>795</td><td>45</td><td>-</td><td>-</td><td>15,468</td><td>2,188</td><td>1,382</td><td>3,216</td><td>176</td><td>3,392</td><td>-</td></tr><tr><td><b>Contracts for sale to domestic customers:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 11.....</td><td>44,913</td><td>29,108</td><td>314</td><td>232</td><td>-</td><td>130</td><td>2,391</td><td>1</td><td>3</td><td>11</td><td>32,190</td><td>7,396</td><td>231</td><td>4,477</td><td>619</td><td>5,096</td><td>-</td></tr><tr><td>September 18.....</td><td>40,743</td><td>25,696</td><td>225</td><td>234</td><td>-</td><td>78</td><td>2,389</td><td>1</td><td>4</td><td>10</td><td>28,637</td><td>7,241</td><td>231</td><td>4,175</td><td>459</td><td>4,634</td><td>-</td></tr><tr><td>September 25.....</td><td>39,115</td><td>24,777</td><td>207</td><td>193</td><td>-</td><td>71</td><td>1,215</td><td>-</td><td>3</td><td>11</td><td>26,477</td><td>7,868</td><td>230</td><td>4,060</td><td>480</td><td>4,540</td><td>-</td></tr><tr><td>October 2.....</td><td>34,185</td><td>19,797</td><td>188</td><td>193</td><td>2</td><td>38</td><td>1,205</td><td>-</td><td>3</td><td>13</td><td>21,439</td><td>7,497</td><td>253</td><td>4,535</td><td>461</td><td>4,997</td><td>-</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for September 1940
(In thousands of dollars)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="12">Currency of:</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Latin America</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>September 11......</td><td>-10,537</td><td>-1,198</td><td>-217</td><td>-1,395</td><td>-7</td><td>-171</td><td>-1,892</td><td>-426</td><td>+2</td><td>-612</td><td>-5,916</td><td>+638</td><td>-465</td><td>-3,925</td><td>-958</td><td>-4,883</td><td>+89</td></tr><tr><td>September 18......</td><td>-12,284</td><td>-1,342</td><td>-184</td><td>-1,326</td><td>-2</td><td>-183</td><td>-3,218</td><td>-415</td><td>-52</td><td>-570</td><td>-7,292</td><td>+598</td><td>-497</td><td>-4,112</td><td>-965</td><td>-5,077</td><td>-16</td></tr><tr><td>September 25......</td><td>-10,845</td><td>-712</td><td>-220</td><td>-1,331</td><td>-11</td><td>-38</td><td>-2,006</td><td>-341</td><td>-5</td><td>-530</td><td>-5,194</td><td>+323</td><td>-418</td><td>-4,596</td><td>-1,011</td><td>-5,607</td><td>+51</td></tr><tr><td>October 2......</td><td>-10,603</td><td>-573</td><td>-262</td><td>-1,333</td><td>-26</td><td>-78</td><td>-1,923</td><td>-346</td><td>-138</td><td>-425</td><td>-5,104</td><td>+532</td><td>-438</td><td>-4,660</td><td>-1,016</td><td>-5,676</td><td>+83</td></tr></table>
OTHER MONETARY STATISTICS
- 49 -
50
Gold Assets and Liabilities of the Treasury
(in millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Gold Assets</th><th>Gold Certificates 1/</th><th>Cold Reserve Against U. S. notes, etc. 2/</th><th>Stabilisation Fund 1/</th><th>Cold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,003.6</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-October</td><td>17,158.3</td><td>15,045.9</td><td>156.0</td><td>1,800.0</td><td>356.4</td></tr><tr><td>December</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-January</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>February</td><td>18,177.5</td><td>15,581.5</td><td>156.0</td><td>1,800.0</td><td>340.0</td></tr><tr><td>March</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>April</td><td>18,769.9</td><td>16,495.2</td><td>156.0</td><td>1,800.0</td><td>318.7</td></tr><tr><td>May</td><td>19,208.9</td><td>17,061.6</td><td>156.0</td><td>1,800.0</td><td>191.3</td></tr><tr><td>June</td><td>19,963.1</td><td>17,821.2</td><td>156.0</td><td>1,800.0</td><td>185.9</td></tr><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>August</td><td>20,912.7</td><td>18,583.8</td><td>156.0</td><td>1,800.0</td><td>272.9</td></tr><tr><td>September</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><tr><td>October</td><td>21,505.5</td><td>19,354.6</td><td>156.0</td><td>1,800.0</td><td>194.8</td></tr><tr><td>November</td><td>21,800.4</td><td>19,651.6</td><td>156.0</td><td>1,800.0</td><td>192.8</td></tr></table>
Source: Daily Treasury Statements.
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/ Excludes gold in active portion of Stabilization Fund.
Net Movement of Gold to and from the United States
(10 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>Swit-zerland</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</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></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></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></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></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></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></tr><tr><td>1939-October</td><td>18.6</td><td>-</td><td>8.8</td><td>3.0</td><td>65.1</td><td>1.4</td><td>9.5</td><td>-</td></tr><tr><td>December</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></tr><tr><td>1940-January</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></tr><tr><td>February</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></tr><tr><td>March</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></tr><tr><td>April</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></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></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></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></tr><tr><td>August</td><td>10.8</td><td>-</td><td>-</td><td>-</td><td>264.3</td><td>10.3</td><td>-</td><td>-</td></tr><tr><td>September</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>217.6</td><td>.5</td><td>13.2</td><td>-</td></tr><tr><td>October</td><td>1.7</td><td>-</td><td>-</td><td>-</td><td>222.7</td><td>.5</td><td>11.8</td><td>-</td></tr><tr><td>November</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>262.7</td><td>.5</td><td>12.2</td><td>-</td></tr></table>
Net import from or net export (-) to:
<table><tr><th>or month</th><th>British India</th><th>Australia</th><th>Philippine Islands</th><th>Colombia</th><th>Chile</th><th>Peru</th><th>China 1/</th><th>All other</th><th>Imports or net exports (-)</th></tr><tr><td>1934</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>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>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>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>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>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-November</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>December</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-January</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>February</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>March</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>April</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>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>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>-</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>August</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>September</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><tr><td>October</td><td>.8</td><td>14.8</td><td>2.7</td><td>-</td><td>.4</td><td>.5</td><td>.6</td><td>63.5</td><td>326.0</td></tr><tr><td>November</td><td>2.2</td><td>14.4</td><td>3.3</td><td>-</td><td>1.0</td><td>.6</td><td>.8</td><td>31.5</td><td>330.1</td></tr></table>
Source: U. S. Department of Commerce. 1/ Includes Hong Kong.
MONETARY
AND SILVER IN U.S.
Gold per Ounce $35.00; Silver per Ounce $1.29
51
52
Monetary Stocks of Gold and Silver
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Cold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,508.4</td><td>2,249.5</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>3,056.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,505.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,979.6</td><td>16.5</td></tr><tr><td>1939-November</td><td>17,358.5</td><td>3,762.0</td><td>17.8</td></tr><tr><td>December</td><td>17,643.6</td><td>3,790.2</td><td>17.7</td></tr><tr><td>1940-January</td><td>17,931.0</td><td>3,817.6</td><td>17.6</td></tr><tr><td>February</td><td>18,177.0</td><td>3,850.7</td><td>17.5</td></tr><tr><td>March</td><td>18,433.1</td><td>3,873.1</td><td>17.4</td></tr><tr><td>April</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>August</td><td>20,912.8</td><td>3,982.6</td><td>16.0</td></tr><tr><td>September</td><td>21,244.4</td><td>4,002.2</td><td>15.9</td></tr><tr><td>October</td><td>21,505.5</td><td>4,022.9</td><td>15.2</td></tr><tr><td>November</td><td>21,800.4 p</td><td>4,030.0 p</td><td>15.6 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 $1.25 per ounce</th></tr><tr><th>Securing silver certificates 1/ Silver bullion</th><th>Silver dollars</th><th>Sub-sidiary colo 2/</th><th>Bullion for recoin-age 2/</th><th>Bullion at cost</th><th>Silver dollars 1/ Sub-sidiary colo 2/</th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.2</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-Nov.</td><td>1,287.6</td><td>500.1</td><td>4.9</td><td>.1</td><td>612.4</td><td>46.9</td><td>389.5</td><td>3,762.0</td></tr><tr><td>Dec.</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940-Jan.</td><td>1,308.3</td><td>499.0</td><td>6.6</td><td>.1</td><td>621.8</td><td>48.0</td><td>393.5</td><td>3,817.6</td></tr><tr><td>Feb.</td><td>1,318.8</td><td>498.9</td><td>7.7</td><td>.2</td><td>627.9</td><td>48.2</td><td>393.2</td><td>3,850.7</td></tr><tr><td>Mar.</td><td>1,329.2</td><td>498.7</td><td>7.2</td><td>.5</td><td>631.6</td><td>48.4</td><td>393.5</td><td>3,873.1</td></tr><tr><td>Apr.</td><td>1,339.2</td><td>498.7</td><td>6.7</td><td>.7</td><td>636.8</td><td>48.4</td><td>393.8</td><td>3,901.6</td></tr><tr><td>May.</td><td>1,347.2</td><td>498.3</td><td>5.6</td><td>.5</td><td>640.8</td><td>48.8</td><td>396.0</td><td>3,924.6</td></tr><tr><td>June.</td><td>1,353.2</td><td>498.1</td><td>3.6</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.</td><td>1,373.4</td><td>497.1</td><td>4.4</td><td>-</td><td>652.4</td><td>50.0</td><td>406.6</td><td>4,002.2</td></tr><tr><td>Oct.</td><td>1,383.6</td><td>496.5</td><td>3.8</td><td>.1</td><td>654.2</td><td>50.6</td><td>410.9</td><td>4,022.9</td></tr><tr><td>Nov. p</td><td>1,390.2</td><td>496.2</td><td>2.3</td><td>-</td><td>655.1</td><td>50.6</td><td>410.9</td><td>4,030.0</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money.
1/ Valued at $1.29+ per ounce.
2/ Valued at $1.18+ 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- cee</th><th>Dol- lars</th><th>Own- cee</th><th>Dol- lare</th><th>Own- cee</th><th>Dol- lars</th><th>Own- cee</th><th>Dol- lars</th></tr><tr><td>1934</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936</td><td>61.1</td><td>47.3</td><td>1.4</td><td>.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>282.2</td><td>120.5</td><td>343.3</td><td>160.4</td></tr><tr><td>1939-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>25.1</td><td>11.0</td></tr><tr><td>Mar.</td><td>5.6</td><td>4.0</td><td>-</td><td>-</td><td>11.8</td><td>4.4</td><td>17.4</td><td>8.4</td></tr><tr><td>Apr.</td><td>4.5</td><td>3.2</td><td>-</td><td>-</td><td>17.4</td><td>6.3</td><td>21.9</td><td>9.5</td></tr><tr><td>May</td><td>5.1</td><td>3.6</td><td>-</td><td>-</td><td>12.7</td><td>4.5</td><td>17.8</td><td>8.1</td></tr><tr><td>June.</td><td>4.6</td><td>3.3</td><td>-</td><td>-</td><td>6.3</td><td>2.2</td><td>10.9</td><td>5.5</td></tr><tr><td>July.</td><td>5.8</td><td>3.8</td><td>-</td><td>-</td><td>13.4</td><td>4.7</td><td>19.2</td><td>8.5</td></tr><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><tr><td>Oct.</td><td>7.9</td><td>5.6</td><td>-</td><td>-</td><td>8.0</td><td>2.8</td><td>15.9</td><td>8.4</td></tr><tr><td>Nov.</td><td>6.8</td><td>4.8</td><td>-</td><td>-</td><td>5.6</td><td>2.0</td><td>12.4</td><td>6.8</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. Executive Proclamation of August 9, 1934, repealed April 28, 1938.
3/ Acquired at various prices averaging approximately 51 cents per ounce.
53
Seigniorage on Silver
(Cumulative from January 1, 1934 - 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>Source of seigniorage on silver bullion revalued 1/ Newly-mined silver (Proc. Dec. 21. 1933)</th><th>Source of seigniorage on silver bullion revalued 1/ Newly-mined silver (Act July 6, 1939)</th><th>Source of seigniorage on silver bullion revalued 1/ Silver Purchase Act of June 19, 1934</th><th>Source of seigniorage on silver bullion revalued 1/ Nationalized 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 2/</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>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>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>758.8</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-January</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>February</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>March</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>April</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>August</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>September</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><tr><td>October</td><td>111.9</td><td>48.7</td><td>87.6</td><td>21.3</td><td>559.8</td><td>34.7</td><td>752.1</td><td>1,047.3</td></tr><tr><td>November</td><td>117.3</td><td>48.7</td><td>87.6</td><td>23.3</td><td>561.1</td><td>34.7</td><td>755.4</td><td>1,051.5</td></tr></table>
Basis: 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.
2/ The figures in this column are not cumulative; as the amount of bullion held increases, the potential seigniorage thereon increases.
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>12,452</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>5,621</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-October</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>November</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>December</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-January</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>February</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>March</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>April</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>22,269</td><td>5,840</td><td>1,997</td><td>5,619</td><td>1,700</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>23,091</td><td>5,530</td><td>2,042</td><td>6,861</td><td>1,500</td><td>1,549</td><td>5,609</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>August</td><td>5/</td><td>4,419</td><td>1,791</td><td>8,120</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>September</td><td>5/</td><td>5,049</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><tr><td>October</td><td>5/</td><td>5,609</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 Reports 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.
54
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>1974</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>1976</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-November</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>December</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-January</td><td>14</td><td>-105</td><td>752</td><td>2,539</td><td>4</td><td>-5</td><td>400</td><td>523</td></tr><tr><td>February</td><td>3</td><td>-134</td><td>647</td><td>2,322</td><td>-</td><td>11</td><td>467</td><td>174</td></tr><tr><td>March</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>April</td><td>209</td><td>-424</td><td>634</td><td>2,453</td><td>3</td><td>149</td><td>627</td><td>158</td></tr><tr><td>May</td><td>-</td><td>44</td><td>452</td><td>2,294</td><td>-</td><td>234</td><td>438</td><td>170</td></tr><tr><td>June</td><td>69</td><td>-19</td><td>816</td><td>1,713</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>117</td></tr><tr><td>August</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>September</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><tr><td>October</td><td>-</td><td>4</td><td>293</td><td>2,742</td><td>-</td><td>252</td><td>373</td><td>112</td></tr><tr><td>November</td><td>-</td><td>2</td><td>268</td><td>2,257</td><td>3</td><td>41</td><td>458</td><td>129</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>1,360</td><td>672</td><td>70,677</td></tr><tr><td>1939-November</td><td>-</td><td>-</td><td>-</td><td>155</td><td>75</td><td>95</td><td>3,696</td></tr><tr><td>December</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-January</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>February</td><td>-</td><td>-</td><td>-</td><td>170</td><td>55</td><td>59</td><td>3,773</td></tr><tr><td>March</td><td>43</td><td>-</td><td>-</td><td>1,419</td><td>118</td><td>52</td><td>5,067</td></tr><tr><td>April</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>August</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>September</td><td>-71</td><td>-</td><td>396</td><td>861</td><td>75</td><td>146</td><td>4,517</td></tr><tr><td>October</td><td>-35</td><td>-</td><td>-</td><td>872</td><td>70</td><td>87</td><td>4,770</td></tr><tr><td>November</td><td>-</td><td>-</td><td>-</td><td>1,279</td><td>76</td><td>138</td><td>4,653</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>Month 1/</th><th>United States</th><th>United Kingdom</th><th>France</th><th>Nether-lands</th><th>Swit-zerland</th><th>Belgium</th><th>Japan</th><th>Italy</th><th>China 2/</th></tr><tr><td>1931-December</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-December</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-December</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-December</td><td>59</td><td>60</td><td>100</td><td>100</td><td>100</td><td>100</td><td>34</td><td>95</td><td>45</td></tr><tr><td>1935-December</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-December</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-December</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-December</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-December</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-January</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>February</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>March</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>April</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</td><td>68</td><td>71 3/</td><td>28</td><td>57</td><td>7</td></tr><tr><td>June</td><td>59</td><td>44</td><td>30 4/</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>August</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>September</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><tr><td>October</td><td>59</td><td>49</td><td>-</td><td>-</td><td>71</td><td>-</td><td>28</td><td>57</td><td>7</td></tr><tr><td>November</td><td>59</td><td>49</td><td>-</td><td>-</td><td>71</td><td>-</td><td>28</td><td>57</td><td>8</td></tr></table>
1 Average of daily quotations for the month.
2 Average of daily quotations for January 1928 = 100.
3 Average of daily quotations for May 1 - 10. No quotations available thereafter.
4 Average of daily quotations for June 1 - 16. No quotations available thereafter.
MISCELLANEOUS
-55-
56
Vessels Cleared from the United States, Direct for Foreign Ports Classified by Nationality
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="3">1939</th><th colspan="10">Number of vessels 1940</th></tr><tr><th>1938</th><th>1939</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Grand total</td><td>31,710</td><td>34,192</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>3,440</td><td>4,085</td><td>4,206</td><td>3,163</td><td>3,083</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>7,423</td><td>7,963</td><td>914</td><td>981</td><td>192</td><td>21</td><td>27</td><td>25</td><td>308</td><td>998</td><td>1,230</td><td>1,595</td><td>1,705</td><td>1,038</td><td>997</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>24,287</td><td>26,229</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>1,827</td><td>2,057</td><td>2,210</td><td>2,489</td><td>2,501</td><td>2,125</td><td>2,086</td></tr><tr><td>American vessels</td><td>7,335</td><td>7,822</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>752</td><td>856</td><td>841</td><td>647</td><td>611</td></tr><tr><td>Foreign vessels</td><td>16,952</td><td>18,407</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>1,283</td><td>1,301</td><td>1,458</td><td>1,633</td><td>1,660</td><td>1,478</td><td>1,475</td></tr><tr><td>Belgian</td><td>81</td><td>102</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><td>6</td><td>15</td></tr><tr><td>British</td><td>9,052</td><td>9,954</td><td>821</td><td>640</td><td>666</td><td>662</td><td>632</td><td>711</td><td>667</td><td>669</td><td>845</td><td>1,022</td><td>1,061</td><td>902</td><td>890</td></tr><tr><td>Danish</td><td>520</td><td>604</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><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>525</td><td>653</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><td>40</td><td>50</td></tr><tr><td>Finnish</td><td>45</td><td>85</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><td>13</td><td>18</td></tr><tr><td>French</td><td>322</td><td>285</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><td>2</td><td>8</td></tr><tr><td>German</td><td>566</td><td>334</td><td>-</td><td>-</td><td>-</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>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><td>42</td><td>27</td></tr><tr><td>Honduran</td><td>639</td><td>699</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><td>69</td><td>80</td></tr><tr><td>Italian</td><td>304</td><td>278</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><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>679</td><td>793</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><td>57</td><td>66</td></tr><tr><td>Hicaraguan</td><td>84</td><td>149</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><td>9</td><td>7</td></tr><tr><td>Norwegian</td><td>2,858</td><td>2,744</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>168</td><td>176</td><td>159</td><td>138</td></tr><tr><td>Panamanian</td><td>403</td><td>580</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><td>71</td><td>67</td></tr><tr><td>Swedish</td><td>386</td><td>467</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><td>39</td><td>38</td></tr><tr><td>Other flags</td><td>320</td><td>433</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><td>69</td><td>71</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="12">Net registered tonnage (in thousands of tons)</th></tr><tr><th>Calendar year</th><th colspan="4">1939</th><th colspan="9">1940</th></tr><tr><th></th><th>1938</th><th>1939</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Grand total</td><td>71,286</td><td>70,306</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>4,749</td><td>5,845</td><td>5,905</td><td>6,340</td><td>6,330</td><td>5,415</td><td>5,445</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>12,181</td><td>12,030</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><td>1,662</td><td>1,605</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>59,105</td><td>58,276</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>4,082</td><td>4,171</td><td>3,902</td><td>4,215</td><td>4,232</td><td>3,753</td><td>3,840</td></tr><tr><td>American vessels</td><td>15,560</td><td>14,869</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>1,476</td><td>1,548</td><td>1,531</td><td>1,313</td><td>1,414</td></tr><tr><td>Foreign vessels</td><td>43,545</td><td>43,407</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>2,658</td><td>2,667</td><td>2,426</td><td>2,667</td><td>2,701</td><td>2,440</td><td>2,426</td></tr><tr><td>Belgian</td><td>289</td><td>371</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><td>24</td><td>52</td></tr><tr><td>British</td><td>16,147</td><td>14,904</td><td>790</td><td>774</td><td>822</td><td>858</td><td>827</td><td>934</td><td>829</td><td>767</td><td>837</td><td>1,022</td><td>1,121</td><td>870</td><td>792</td></tr><tr><td>Danish</td><td>1,324</td><td>1,480</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><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>2,449</td><td>2,968</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><td>140</td><td>152</td></tr><tr><td>Finland</td><td>95</td><td>137</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><td>15</td><td>28</td></tr><tr><td>French</td><td>2,350</td><td>1,922</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><td>2</td><td>24</td></tr><tr><td>German</td><td>3,577</td><td>2,141</td><td>-</td><td>-</td><td>-</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>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><td>124</td><td>75</td></tr><tr><td>Honduran</td><td>946</td><td>914</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><td>100</td><td>111</td></tr><tr><td>Italian</td><td>2,116</td><td>1,982</td><td>143</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><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>3,183</td><td>3,839</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><td>302</td><td>335</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>3</td><td>1</td><td>3</td><td>4</td><td>3</td><td>4</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Norwegian</td><td>7,181</td><td>7,417</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>407</td><td>373</td><td>347</td></tr><tr><td>Panamanian</td><td>1,375</td><td>2,097</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><td>236</td><td>246</td></tr><tr><td>Swedish</td><td>1,299</td><td>1,454</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><td>123</td><td>105</td></tr><tr><td>Other flags</td><td>659</td><td>883</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><td>128</td><td>156</td></tr></table>
57
Vessels Cleared from the United States, Direct for Foreign Ports Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="3">Calendar year</th><th colspan="10">Number of vessels</th></tr><tr><th>1938</th><th>1939</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Ashetubula</td><td>242</td><td>236</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><td>28</td><td>29</td></tr><tr><td>Baltimore</td><td>553</td><td>679</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><td>78</td><td>56</td></tr><tr><td>Boston</td><td>795</td><td>804</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><td>53</td><td>51</td></tr><tr><td>Buffalo</td><td>346</td><td>455</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><td>44</td><td>57</td></tr><tr><td>Corpus Christi</td><td>255</td><td>275</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><td>11</td><td>8</td></tr><tr><td>Detroit</td><td>759</td><td>1,013</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><td>138</td><td>151</td></tr><tr><td>Galveston</td><td>624</td><td>469</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><td>31</td><td>29</td></tr><tr><td>Houston</td><td>546</td><td>542</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><td>25</td><td>29</td></tr><tr><td>Los Angeles</td><td>1,310</td><td>1,392</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><td>97</td><td>105</td></tr><tr><td>Miami</td><td>1,024</td><td>943</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><td>52</td><td>57</td></tr><tr><td>Mobile</td><td>430</td><td>322</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><td>31</td><td>25</td></tr><tr><td>New Orleans</td><td>1,240</td><td>1,156</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><td>87</td><td>96</td></tr><tr><td>New York</td><td>3,844</td><td>3,929</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><td>282</td><td>308</td></tr><tr><td>Norfolk & Newport News</td><td>581</td><td>639</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><td>59</td><td>62</td></tr><tr><td>Philadelphia</td><td>453</td><td>564</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><td>63</td><td>55</td></tr><tr><td>Port Angeles, Wash.</td><td>1,235</td><td>1,437</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><td>103</td><td>95</td></tr><tr><td>Port Arthur</td><td>403</td><td>309</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><td>15</td><td>15</td></tr><tr><td>Rochester</td><td>694</td><td>595</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><td>227</td><td>77</td></tr><tr><td>San Francisco</td><td>551</td><td>530</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><td>34</td><td>34</td></tr><tr><td>Savannah</td><td>137</td><td>209</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><td>7</td><td>11</td></tr><tr><td>Seattle</td><td>1,743</td><td>1,682</td><td>136</td><td>129</td><td>120</td><td>132</td><td>118</td><td>119</td><td>128</td><td>138</td><td>156</td><td>199</td><td>182</td><td>129</td><td>136</td></tr><tr><td>Toledo</td><td>483</td><td>642</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><td>126</td><td>126</td></tr><tr><td>Other ports</td><td>13,462</td><td>15,370</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>1,545</td><td>2,112</td><td>2,306</td><td>1,443</td><td>1,467</td></tr><tr><td>Total</td><td>31,710</td><td>34,192</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>3,440</td><td>4,085</td><td>4,206</td><td>3,163</td><td>3,079</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="3">1939</th><th colspan="10">1940</th></tr><tr><th>1938</th><th>1939</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>Anchorage</td><td>691</td><td>601</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><td>96</td><td>85</td></tr><tr><td>Baltimore</td><td>1,442</td><td>1,880</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><td>236</td><td>177</td></tr><tr><td>Boston</td><td>2,795</td><td>2,530</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><td>148</td><td>123</td></tr><tr><td>Buffalo</td><td>545</td><td>985</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><td>102</td><td>75</td></tr><tr><td>Corpus Christi</td><td>1,120</td><td>1,258</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><td>43</td><td>35</td></tr><tr><td>Detroit</td><td>1,331</td><td>1,538</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><td>224</td><td>197</td></tr><tr><td>Galveston</td><td>1,716</td><td>1,354</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><td>80</td><td>60</td></tr><tr><td>Boston</td><td>2,288</td><td>2,230</td><td>196</td><td>142</td><td>155</td><td>130</td><td>143</td><td>110</td><td>89</td><td>113</td><td>55</td><td>104</td><td>90</td><td>94</td><td>111</td></tr><tr><td>Los Angeles</td><td>5,206</td><td>5,553</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><td>348</td><td>414</td></tr><tr><td>Miami</td><td>871</td><td>886</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><td>48</td><td>46</td></tr><tr><td>Mobile</td><td>871</td><td>542</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><td>56</td><td>39</td></tr><tr><td>New Orleans</td><td>3,296</td><td>3,071</td><td>331</td><td>260</td><td>264</td><td>314</td><td>273</td><td>255</td><td>215</td><td>264</td><td>237</td><td>263</td><td>236</td><td>225</td><td>290</td></tr><tr><td>New York</td><td>20,861</td><td>19,566</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><td>985</td><td>1,174</td></tr><tr><td>Norfolk & Newport News</td><td>1,506</td><td>1,677</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><td>152</td><td>158</td></tr><tr><td>Philadelphia</td><td>1,277</td><td>1,580</td><td>135</td><td>140</td><td>143</td><td>149</td><td>189</td><td>203</td><td>168</td><td>149</td><td>179</td><td>160</td><td>150</td><td>179</td><td>201</td></tr><tr><td>Port Angeles, Wash.</td><td>932</td><td>889</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><td>84</td><td>74</td></tr><tr><td>Port Arthur</td><td>1,583</td><td>1,316</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><td>27</td><td>45</td></tr><tr><td>Rochester</td><td>1,803</td><td>1,407</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><td>227</td><td>183</td></tr><tr><td>San Francisco</td><td>2,154</td><td>2,159</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><td>117</td><td>131</td></tr><tr><td>Savannah</td><td>389</td><td>554</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><td>20</td><td>31</td></tr><tr><td>Seattle</td><td>3,270</td><td>3,198</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><td>278</td><td>254</td></tr><tr><td>Toledo</td><td>1,179</td><td>1,358</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><td>241</td><td>191</td></tr><tr><td>Other ports</td><td>14,160</td><td>14,164</td><td>1,492</td><td>1,686</td><td>752</td><td>627</td><td>627</td><td>570</td><td>926</td><td>1,445</td><td>1,576</td><td>1,801</td><td>1,766</td><td>1,405</td><td>1,335</td></tr><tr><td>Total</td><td>71,286</td><td>70,306</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>4,749</td><td>5,845</td><td>5,905</td><td>6,340</td><td>6,330</td><td>5,415</td><td>5,429</td></tr></table>
58
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quota period</th><th>Unit of quantity</th><th>Reestablished quota</th><th>Quantity imported under quotas through Nov. 30, 1940</th></tr><tr><td>Cattle weighing under 200 pounds each</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>(Tariff rate quota filled)</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>Canada</td><td>Quarter year from Oct. 1, 1940</td><td>Head</td><td>51,720</td><td>31,802</td></tr><tr><td>Other countries</td><td>Quarter year from Oct. 1, 1940</td><td>Head</td><td>6,210</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>6,923</td></tr><tr><td>Cream, fresh or sour</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>936</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>9,142,194</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, 1940</td><td>Pound</td><td>90,000,000</td><td>12,821,555</td></tr><tr><td>Other</td><td>12 months from Sept. 15, 1940</td><td>Pound</td><td>60,000,000</td><td>1,535,459</td></tr><tr><td>Silver or black foxes and fur unite:</td><td></td><td></td><td></td><td></td></tr><tr><td>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>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>18,886,093</td></tr><tr><td>Red cedar shingles</td><td>Calendar year</td><td>Square</td><td>2,371,544</td><td>(Duty-free quota filled)</td></tr><tr><td>Molasses and sugar syrups, containing soluble nonsugar solids equal to more than 6% of total soluble solids</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oil:</td><td></td><td></td><td></td><td></td></tr><tr><td>Venezuela</td><td>Calendar year</td><td>Gallon</td><td>1,869,014,616</td><td>1,423,675,310</td></tr><tr><td>Netherlands and Netherlands Indies</td><td>Calendar year</td><td>Gallon</td><td>527,691,192</td><td>511,739,472</td></tr><tr><td>Colombia</td><td>Calendar year</td><td>Gallon</td><td>103,978,560</td><td>18,376,869</td></tr><tr><td>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>327,546,054</td></tr><tr><td>Refined sugar</td><td>Calendar year</td><td>Pound</td><td>112,000,000 1/</td><td>110,742,761</td></tr><tr><td>Sugars other than refined</td><td>Calendar year</td><td>Pound</td><td>1,792,000,000 1/</td><td>1,686,107,063</td></tr><tr><td>Cordage</td><td>12 months from May 1, 1940</td><td>Pound</td><td>6,000,000</td><td>3,491,594</td></tr><tr><td>Buttons of pearl or shell</td><td>Calendar year</td><td>Oroes</td><td>850,000</td><td>735,014</td></tr><tr><td>Cigars</td><td>Calendar year</td><td>Number</td><td>200,000,000</td><td>180,974,537</td></tr><tr><td>Scrap tobacco and stemmed and unstemmed filler tobacco</td><td>Calendar year</td><td>Pound</td><td>1,500,000</td><td>3,540,235</td></tr></table>
1/ 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.
59
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th></th><th colspan="6">Totals by months, May - October 1940</th><th colspan="5">Distribution by originating organization, October 1940</th></tr><tr><th></th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Alcohol Tax Unit</th><th>Bureau of Customs</th><th>Bureau of Narcotics</th><th>Secret Service Division</th><th>Income and misc. tax cases of Bureau of Internal Revenue</th></tr><tr><td>Inventory</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of cases pending first of month</td><td>19,377</td><td>18,386</td><td>17,507</td><td>18,327</td><td>20,465</td><td>21,361</td><td>17,433</td><td>248</td><td>2,197</td><td>1,089</td><td>394</td></tr><tr><td>New cases</td><td>3,128</td><td>2,624</td><td>2,602</td><td>3,052</td><td>2,949</td><td>2,724</td><td>2,145</td><td>56</td><td>297</td><td>213</td><td>13</td></tr><tr><td>Cases closed</td><td>4,119</td><td>3,503</td><td>1,782</td><td>914</td><td>2,053</td><td>4,057</td><td>3,203</td><td>83</td><td>444</td><td>307</td><td>20</td></tr><tr><td>Number of cases pending end of month</td><td>18,386</td><td>17,507</td><td>18,327</td><td>20,465</td><td>21,361</td><td>20,028</td><td>16,375</td><td>221</td><td>2,050</td><td>995</td><td>387</td></tr><tr><td>Net change in cases pending</td><td>-991</td><td>-879</td><td>+820</td><td>+2,138</td><td>+896</td><td>-1,333</td><td>-1,058</td><td>-27</td><td>-147</td><td>-94</td><td>-7</td></tr><tr><td>Disposition of cases closed</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number transferred 2/</td><td>196</td><td>174</td><td>109</td><td>103</td><td>135</td><td>202</td><td>134</td><td>-</td><td>43</td><td>25</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/</td><td>3,923</td><td>3,329</td><td>1,673</td><td>811</td><td>1,918</td><td>3,855</td><td>3,069</td><td>83</td><td>401</td><td>262</td><td>20</td></tr><tr><td>Total number of cases closed</td><td>4,119</td><td>3,503</td><td>1,782</td><td>914</td><td>2,053</td><td>4,057</td><td>3,203</td><td>83</td><td>444</td><td>307</td><td>20</td></tr><tr><td>Percentage distribution of cases released or convicted:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Percent released</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Before indictment</td><td>12</td><td>13</td><td>25</td><td>24</td><td>17</td><td>16</td><td>19</td><td>8</td><td>8</td><td>3</td><td>1/4</td></tr><tr><td>After indictment</td><td>8</td><td>12</td><td>10</td><td>21</td><td>10</td><td>6</td><td>6</td><td>12</td><td>5</td><td>2</td><td>1/4</td></tr><tr><td>Acquitted</td><td>6</td><td>5</td><td>3</td><td>4</td><td>3</td><td>5</td><td>5</td><td>4</td><td>1</td><td>5</td><td>1/4</td></tr><tr><td>Total released</td><td>26</td><td>30</td><td>38</td><td>49</td><td>30</td><td>27</td><td>30</td><td>24</td><td>14</td><td>10</td><td>1/4</td></tr><tr><td>Percent convicted</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Found guilty</td><td>9</td><td>7</td><td>8</td><td>5</td><td>5</td><td>8</td><td>8</td><td>4</td><td>7</td><td>3</td><td>1/4</td></tr><tr><td>Pleaded guilty</td><td>65</td><td>63</td><td>54</td><td>46</td><td>65</td><td>65</td><td>62</td><td>72</td><td>79</td><td>87</td><td>1/4</td></tr><tr><td>Total convicted</td><td>74</td><td>70</td><td>62</td><td>51</td><td>70</td><td>73</td><td>70</td><td>76</td><td>86</td><td>90</td><td>1/4</td></tr><tr><td>Sentences imposed</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of convictions</td><td>2,808</td><td>2,227</td><td>959</td><td>367</td><td>1,281</td><td>2,707</td><td>2,149</td><td>63</td><td>241</td><td>248</td><td>6</td></tr><tr><td>Percent of convictions 5/ resulting in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Imprisonment</td><td>61</td><td>60</td><td>59</td><td>62</td><td>61</td><td>56</td><td>54</td><td>83</td><td>70</td><td>57</td><td>1/4</td></tr><tr><td>Fine</td><td>25</td><td>21</td><td>20</td><td>20</td><td>22</td><td>24</td><td>25</td><td>16</td><td>11</td><td>27</td><td>1/4</td></tr><tr><td>Probation 6/</td><td>38</td><td>38</td><td>38</td><td>40</td><td>37</td><td>42</td><td>41</td><td>13</td><td>47</td><td>48</td><td>1/4</td></tr><tr><td>Average number of days imprisonment to be served</td><td>355</td><td>376</td><td>502</td><td>629</td><td>392</td><td>372</td><td>322</td><td>446</td><td>541</td><td>550</td><td>365</td></tr><tr><td>Average fine to be paid</td><td>$584</td><td>$386</td><td>$206</td><td>$683</td><td>$258</td><td>$366</td><td>$408</td><td>$101</td><td>$146</td><td>$95</td><td>$1,500</td></tr><tr><td>Total fines to be paid</td><td>$412,577</td><td>$176,915</td><td>$39,053</td><td>$49,866</td><td>$71,641</td><td>$234,296</td><td>$216,872</td><td>$1,011</td><td>$3,930</td><td>$6,483</td><td>$6,000</td></tr></table>
1/ Comprises criminal cases of the Alcohol Tax Unit of the Bureau of Internal Revenue, the Bureau of Customs, the Bureau of Narcotics, the Secret Service Division, and the income tax and miscellaneous tax cases referred by the Penal Division of the Bureau of Internal Revenue to the Department of Justice with recommendation for criminal prosecution.
2/ Comprises cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions.
3/ Cases "otherwise disposed of" consist of Customs and Narcotics cases in which no arrests were made and Secret Service cases which were disposed of by luncacy hearings.
4/ Insufficient cases to warrant showing comparative percentages.
5/ Percentages do not add to 100 because a single conviction may involve more than one type of sentence.
6/ Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
Treas. HJ 10 .A2 1940 c.2
U.S. Treasury Dept. Treasury Bulletin
Treas. HJ 10 .A2 AUTHOR 1940
U.S. Treasury Dept. Treasury Bulletin
Oct. - Dec.
<table><tr><th>DATE LOANED</th><th>BORROWER'S NAME</th><th>PHONE NUMBER</th></tr><tr><td>04/15</td><td>L. F. F.</td><td>8430</td></tr><tr><td></td><td></td><td></td></tr></table>
0001031
U.S TREASURY LIBRARY