Treas. HJ 10 A2 c.2
LIBRARY ROOM 350
Copy 1
LIBRARY ROOM 5030
JUN 2.1 1972
TREASURY DEPARTMENT
Copy 4
1 2 3 4 5 6
Use free of reproduction BULLETIN
OF THE
TREASURY DEPARTMENT
APRIL 1941
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
LIBRARY ROOM 5030
JUN 21 1972
TREASURY DEPARTMENT
BULLETIN OF THE TREASURY DEPARTMENT
APRIL 1941
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>Balance sheet of Exchange Stabilization Fund, December 31, 1940</td><td>1-2</td></tr><tr><td colspan="2">FEDERAL RECEIPTS AND EXPENDITURES</td></tr><tr><td>Budget receipts and expenditures</td><td>4-7</td></tr><tr><td>Social insurance accounts</td><td>8-9</td></tr><tr><td>Cash income and outgo</td><td>10-11</td></tr><tr><td colspan="2">GENERAL FUND OF THE TREASURY</td></tr><tr><td>Current assets and balance in General Fund</td><td>13</td></tr><tr><td colspan="2">PUBLIC DEBT OF THE UNITED STATES</td></tr><tr><td>Statement of the outstanding public debt, March 31, 1941</td><td>15</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts</td><td>15</td></tr><tr><td>Composition of the public debt</td><td>15-16</td></tr><tr><td>Summary distribution by holders of securities issued by the U. S. Government and guaranteed by the U. S.</td><td>17</td></tr><tr><td>Public debt accounts</td><td>17</td></tr><tr><td>Bank holdings of U. S. Government securities and of securities guaranteed by the U. S.</td><td>18-19</td></tr><tr><td>Debt position of U. S. under Second Liberty Bond Act, March 31, 1941</td><td>20</td></tr><tr><td>Treasury financing operations since January 1, 1938</td><td>21</td></tr><tr><td>Treasury bill offerings since March 1, 1940</td><td>22</td></tr><tr><td>Maturity schedule of U. S. Government debt, March 31, 1941</td><td>23-24</td></tr><tr><td>Computed rate of interest on the public debt</td><td>25</td></tr><tr><td>Average yields of long-term Treasury bonds and high-grade corporate bonds</td><td>25-26</td></tr><tr><td>Yields of Treasury bonds and notes, April 15, 1941</td><td>27</td></tr><tr><td colspan="2">GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES</td></tr><tr><td>Assets and liabilities and proprietary interest, February 28, 1941</td><td>29</td></tr><tr><td>Sources and uses of funds</td><td>30-33</td></tr><tr><td>Obligations outstanding guaranteed by the U. S.</td><td>34</td></tr><tr><td>Financing operations in securities guaranteed by the U. S.</td><td>34</td></tr><tr><td>Maturity schedule of securities guaranteed by the U. S., March 31, 1941</td><td>35</td></tr></table>
(Continued on following page)
Table of Contents - (Continued)
Page
INTERNAL REVENUE STATISTICS
CUSTOMS STATISTICS
<table><tr><td>Customs duties and taxes collected</td><td>41-42</td></tr><tr><td>Commodities imported under quota provisions</td><td>43</td></tr></table>
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
<table><tr><td>Net capital movement between the United States and foreign countries</td><td>45-46</td></tr><tr><td>Short-term foreign liabilities and assets</td><td>47-50</td></tr><tr><td>Foreign security transactions and brokerage balances</td><td>51-53</td></tr><tr><td>Foreign transactions in domestic securities</td><td>54-55</td></tr><tr><td>Foreign exchange transactions</td><td>56-57</td></tr></table>
GOLD AND SILVER STATISTICS
<table><tr><td>Gold assets and liabilities of the Treasury</td><td>59</td></tr><tr><td>Movement of gold to and from the United States</td><td>59</td></tr><tr><td>Treasury gold receipts</td><td>59</td></tr><tr><td>Increment from reduction in weight of gold dollar, March 31, 1941</td><td>59</td></tr><tr><td>Monetary stocks of gold and silver</td><td>60-61</td></tr><tr><td>Seigniorage on silver</td><td>62</td></tr><tr><td>Silver production by countries</td><td>62</td></tr><tr><td>Movement of silver to and from the United States</td><td>63</td></tr></table>
OTHER TREASURY STATISTICS
<table><tr><td>Vessels cleared from the United States direct for foreign ports___65-66</td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts___67</td></tr></table>
1
Balance Sheet of the Exchange Stabilization Fund
As of June 30, 1940 and December 31, 1940
<table><tr><th></th><th>June 30, 1940</th><th>December 31, 1940</th></tr><tr><td><b>Assets</b></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S., gold</td><td>$1,800,000,000.00</td><td>$1,800,000,000.00</td></tr><tr><td>Treasurer of the U. S., checking account</td><td>1,564,334.28</td><td>1,575,599.77</td></tr><tr><td>Federal Reserve Bank of New York, special account</td><td>127,195,969.35</td><td>143,200,401.59</td></tr><tr><td>Disbursing officers' balances and advance accounts</td><td>11,072.26</td><td>11,286.23</td></tr><tr><td></td><td>$1,928,774,375.89</td><td>$1,944,790,287.59</td></tr><tr><td>Special accounts of Secretary of the Treasury in Federal Reserve Bank of New York: Special account No. 1, gold (Schedule 1)</td><td>86,020,150.63</td><td>47,592,800.03</td></tr><tr><td>Due from foreign banks (foreign exchange):</td><td></td><td></td></tr><tr><td>Frances</td><td>$17.85</td><td>$17.85</td></tr><tr><td>Belgas</td><td>505.06</td><td>505.06</td></tr><tr><td>Sterling</td><td>2,836.40</td><td>2,980.05</td></tr><tr><td>Central Bank of China (secured deposits) 1/</td><td>19,112,500.00</td><td>19,117,212.66</td></tr><tr><td>Banco do Brasil (secured deposits) 2/</td><td>-</td><td>5,026,712.34</td></tr><tr><td></td><td>19,115,859.34</td><td>24,147,427.99</td></tr><tr><td>Investments in U. S. Government securities (Schedule 2)</td><td>10,448,723.13</td><td>10,448,723.13</td></tr><tr><td>Accrued interest receivable (Schedule 2)</td><td>9,730.73</td><td>10,436.48</td></tr><tr><td>Other accounts (deferred charges)</td><td>6,013.43</td><td>26,066.54</td></tr><tr><td>Commodity sales contracts (deferred charges)</td><td>2,636.00</td><td>2,636.00</td></tr><tr><td>Total assets</td><td>$2,044,377,519.15</td><td>$2,027,018,377.76</td></tr><tr><td><b>Liabilities and Capital</b></td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable</td><td>$4,018.05</td><td>$7,689.47</td></tr><tr><td>Due to foreign banks</td><td>22,845,963.21</td><td>1,428,924.98</td></tr><tr><td></td><td>$22,849,981.26</td><td>$1,436,614.45</td></tr><tr><td>Capital account</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Earnings less administrative expenses (Schedules 3 and 4)</td><td>21,527,537.89</td><td>25,551,763.31</td></tr><tr><td>Total liabilities and capital</td><td>$2,044,377,519.15</td><td>$2,027,018,377.76</td></tr></table>
Back Figures: Annual balance sheets for the years 1934 through 1940 may be found in the Annual Report of the Secretary of the Treasury for 1940. Quarterly balance sheets commencing December 31, 1938 may be found in previous issues of the Treasury Bulletin. 1/ Consisted of 65,000,000 yuan as of June 30, 1940 and 65,016,027.40 yuan as of December 31, 1940. Gold held as collateral amounted to $19,379,015.65 as of both dates. 2/ Consisted of 100,534,246.58 milreis as of December 31, 1940. Gold held as collateral amounted to $5,063,429.57.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
Location of gold held by and for account of the Exchange Stabilization Fund
<table><tr><th rowspan="2">Location</th><th colspan="2">June 30, 1940</th><th colspan="2">December 31, 1940</th></tr><tr><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>Federal Reserve Bank of New York</td><td>462,392.042</td><td>16,183,721.49</td><td>189,382.911</td><td>6,628,401.88</td></tr><tr><td>U. S. Assay Office, New York</td><td>1,995,327.406</td><td>69,836,459.14</td><td>1,170,411.386</td><td>40,964,398.15</td></tr><tr><td>Total</td><td>2,457,719.448</td><td>86,020,180.63</td><td>1,359,794.297</td><td>47,592,800.03</td></tr></table>
1/ Excludes gold held by Treasurer of the U. S.
2
Schedules for Balance Sheet of the Exchange Stabilization Fund (Continued)
Schedule 2
U. S. Government securities held by the Exchange Stabilisation Fund
<table><tr><th>Issue</th><th colspan="4">June 30, 1940</th><th colspan="4">December 31, 1940</th></tr><tr><th></th><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th></tr><tr><td>2-1/4% Treasury bonds, 1951-53.</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$9,221.31</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$ 9,890.11</td></tr><tr><td>2-3/4% Treasury bonds, 1958-63.</td><td>50,000</td><td>49,640.63</td><td>99.2813</td><td>56.35</td><td>50,000</td><td>49,640.63</td><td>99.2813</td><td>60.44</td></tr><tr><td>2-3/4% Treasury bonds, 1960-65.</td><td>402,000</td><td>399,082.50</td><td>99.2743</td><td>453.07</td><td>402,000</td><td>399,082.50</td><td>99.2743</td><td>485.93</td></tr><tr><td>Total U. S. Government securities.</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$9,730.73</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$10,436.48</td></tr></table>
Schedule 3
Earnings of the Exchange Stabilization Fund
<table><tr><th>Source</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through December 31, 1940</th></tr><tr><td>Profits on British sterling transactions.</td><td>$ 310,494.44</td><td>$ 310,635.09</td></tr><tr><td>Profits on French franc transactions.</td><td>351,537.99</td><td>351,537.99</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold).</td><td>12,907,527.19</td><td>16,801,760.44</td></tr><tr><td>Profits on silver transactions.</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalised).</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profits on investments.</td><td>1,019,326.18</td><td>1,019,326.18</td></tr><tr><td>Interest on investments.</td><td>3,236,149.14</td><td>3,355,569.89</td></tr><tr><td>Miscellaneous profits.</td><td>473.74</td><td>473.74</td></tr><tr><td>Interest earned on foreign balances.</td><td>56,717.37</td><td>83,429.71</td></tr><tr><td>Interest earned on Chinese yuan.</td><td>1,265,656.11</td><td>1,411,928.07</td></tr><tr><td>Total earnings.</td><td>$22,726,615.72</td><td>$26,913,397.67</td></tr></table>
Schedule 4
Administrative expenses of the Exchange Stabilisation Fund
<table><tr><th>Classification</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through December 31, 1940</th></tr><tr><td>Salaries</td><td>$ 723,720.40</td><td>$ 814,746.05</td></tr><tr><td>Travel</td><td>47,753.95</td><td>51,181.79</td></tr><tr><td>Subsistence</td><td>35,108.04</td><td>37,181.43</td></tr><tr><td>Telephone & telegraph</td><td>279,656.42</td><td>300,120.74</td></tr><tr><td>Stationery, etc.</td><td>13,511.21</td><td>15,410.15</td></tr><tr><td>All other</td><td>99,027.81</td><td>112,994.20</td></tr><tr><td>Total administrative expenses</td><td>$1,199,077.83</td><td>$1,331,634.36</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
-3-
4
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 rowspan="2"></th><th colspan="6">Public Debt</th></tr><tr><th colspan="6">First 9 months, fiscal years 1936 to 1941</th><th colspan="3">Outstanding on March 31</th><th colspan="2">Change Mar. 31, 1940 to Mar. 31, 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>Change 1940 to 1941</th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th></tr><tr><td>Receipts......</td><td>3,100</td><td>3,728</td><td>4,820</td><td>4,390</td><td>4,437</td><td>5,372</td><td>+935</td><td>Public issues. etc.</td><td>30,726</td><td>33,922</td><td>35,038</td><td>36,531</td><td>38,069</td><td>41,490</td><td>+3,421</td></tr><tr><td>Expenditures....</td><td>4,921</td><td>5,850</td><td>5,487</td><td>6,729</td><td>7,085</td><td>8,726</td><td>+1,641</td><td>Special issues.....</td><td>733</td><td>806</td><td>2,518</td><td>3,454</td><td>4,471</td><td>5,683</td><td>+1,212</td></tr><tr><td>Net deficit...</td><td>1,821</td><td>2,122</td><td>667</td><td>2,339</td><td>2,648</td><td>3,354</td><td>+706</td><td>Oroee debt......</td><td>31,459</td><td>34,728</td><td>37,556</td><td>39,985</td><td>42,540</td><td>47,173</td><td>+4,633</td></tr></table>
Source: Daily Treasury Statements
1/ Exclude 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 9 months, fiscal years 1936 to 1941</th><th rowspan="2">Change: 1940 to 1941</th><th colspan="3">Complete fiscal years, 1939 to 1941</th><th colspan="2">Change</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>Estimated 1/</th><th>Actual 1939 to actual 1940</th><th>Actual 1940 to estimated 1941 1/</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>1,045</td><td>1,507</td><td>1,995</td><td>1,744</td><td>1,574</td><td>2,415</td><td>+841</td><td>2,189</td><td>2,125</td><td>3,055</td><td>-64</td><td>+930</td></tr><tr><td>Miscellaneous Internal Revenue.</td><td>1,535</td><td>1,637</td><td>1,771</td><td>1,697</td><td>1,790</td><td>2,204</td><td>+414</td><td>2,232</td><td>2,345</td><td>2,871</td><td>+113</td><td>+526</td></tr><tr><td>Social Security taxes.</td><td>-</td><td>63</td><td>461</td><td>479</td><td>538</td><td>585</td><td>+17</td><td>631</td><td>712</td><td>756</td><td>+81</td><td>+44</td></tr><tr><td>Taxes upon carriers and their employees.</td><td>-</td><td>-</td><td>123</td><td>82</td><td>89</td><td>102</td><td>+13</td><td>109</td><td>121</td><td>135</td><td>+12</td><td>+14</td></tr><tr><td>Customs.</td><td>292</td><td>352</td><td>290</td><td>239</td><td>268</td><td>263</td><td>-5</td><td>319</td><td>349</td><td>302</td><td>+30</td><td>-47</td></tr><tr><td>Return of surplus funds from Government corporations.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>9</td><td>135</td><td>+126</td><td>-</td><td>54</td><td>361</td><td>+54</td><td>+307</td></tr><tr><td>Other.</td><td>228</td><td>169</td><td>180</td><td>149</td><td>169</td><td>144</td><td>-25</td><td>188</td><td>219</td><td>173</td><td>+31</td><td>-46</td></tr><tr><td>Total receipts.</td><td>3,100</td><td>3,728</td><td>4,820</td><td>4,390</td><td>4,437</td><td>5,848</td><td>+1,411</td><td>5,668</td><td>5,925</td><td>7,653</td><td>+257</td><td>+1,728</td></tr><tr><td>Less amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 2/.</td><td>-</td><td>135</td><td>374</td><td>342</td><td>403</td><td>476</td><td>+73</td><td>503</td><td>538</td><td>640</td><td>+35</td><td>+102</td></tr><tr><td>Net receipts.</td><td>3,100</td><td>3,593</td><td>4,446</td><td>4,048</td><td>4,034</td><td>5,372</td><td>+1,338</td><td>5,165</td><td>5,387</td><td>7,013</td><td>+222</td><td>+1,626</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>661</td><td>687</td><td>755</td><td>860</td><td>1,093</td><td>3,642 3/</td><td>+2,549</td><td>1,163</td><td>1,559</td><td>6,464 4/</td><td>+396</td><td>+4,905</td></tr><tr><td>Veterans' Administration.</td><td>531</td><td>489</td><td>437</td><td>417</td><td>417</td><td>414</td><td>-3</td><td>557</td><td>557</td><td>565</td><td>-</td><td>+8</td></tr><tr><td>Social Security and E. B. Retirement Act 2/.</td><td>6</td><td>135</td><td>352</td><td>364</td><td>396</td><td>476</td><td>+80</td><td>454</td><td>513</td><td>563</td><td>+59</td><td>+50</td></tr><tr><td>Agricultural Adjustment Program 5/.</td><td>403</td><td>355</td><td>184</td><td>304</td><td>396</td><td>476</td><td>-5</td><td>782</td><td>1,017</td><td>962</td><td>+235</td><td>-55</td></tr><tr><td>Interest on the public debt.</td><td>538</td><td>596</td><td>618</td><td>502</td><td>657</td><td>686</td><td>+29</td><td>941</td><td>1,041</td><td>1,100</td><td>+100</td><td>+59</td></tr><tr><td>Public Works 6/.</td><td>492</td><td>767</td><td>636</td><td>722</td><td>687</td><td>584</td><td>-103</td><td>948</td><td>869</td><td>732</td><td>-79</td><td>-137</td></tr><tr><td>Unemployment relief.</td><td>1,661</td><td>1,859</td><td>1,348</td><td>1,990</td><td>1,426</td><td>1,312</td><td>-114</td><td>2,595</td><td>1,919</td><td>1,792</td><td>-676</td><td>-127</td></tr><tr><td>Loans and stock subscriptions.</td><td>-20</td><td>102</td><td>62</td><td>130</td><td>162</td><td>46</td><td>-116</td><td>212</td><td>241</td><td>107</td><td>+29</td><td>-134</td></tr><tr><td>Return of surplus funds from Government corporations.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other.</td><td>649</td><td>725</td><td>721</td><td>807</td><td>1,019</td><td>949</td><td>-203</td><td>1,055</td><td>1,282</td><td>1,256</td><td>+227</td><td>-339</td></tr><tr><td>Total expenditures.</td><td>4,921</td><td>5,715</td><td>5,113</td><td>6,387</td><td>6,682</td><td>8,726</td><td>+2,044</td><td>6,707</td><td>8,998</td><td>13,202</td><td>+291</td><td>+4,204</td></tr><tr><td>Net deficit.</td><td>1,821</td><td>2,122</td><td>667</td><td>2,339</td><td>2,648</td><td>3,354</td><td>+706</td><td>3,542</td><td>3,611</td><td>6,189</td><td>+69</td><td>+2,578</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Estimates for the fiscal year 1941 have been revised to accord with figures appearing in the Budget which was submitted to Congress by the President on January 3, 1941.
2/ In the fiscal year 1941, amounts representing appropriations equal to collections of Social Security taxes under the Federal Insurance Contributions Act for old-age insurance (less reimbursements to the general fund for administrative expenses) are deducted from total budget receipts in the Daily Treasury Statement. These 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.
3/ Excludes items which were for national defense purposes as follows: (1) expenditures from appropriations of $467 millions for civil activities and (2) amounts expended by the Reconstruction Finance Corporation for loans and investments.
4/ Includes $304 millions for civil activities in connection with national defense which are included with non-defence expenditures in the Daily Treasury Statement.
5/ Excludes subscriptions to capital stock of Federal Crop Insurance Corporation.
6/ 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 9 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</th><th>Estimated 1/</th><th></th></tr><tr><td></td><td colspan="6"></td><th>1939</th><th>1940</th><th>1941</th></tr><tr><td>Net deficit.</td><td>1,821</td><td>2,122</td><td>667</td><td>2,339</td><td>2,648</td><td>3,354</td><td>3,542</td><td>3,611</td><td>6,189</td></tr><tr><td colspan="10">Means of financing:</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>Public issues, etc.</td><td>2,658</td><td>769</td><td>171</td><td>2,042</td><td>1,399</td><td>3,298</td><td>2,180</td><td>1,523</td><td>4,901</td></tr><tr><td>Special issues.</td><td>100</td><td>180</td><td>960</td><td>778</td><td>701</td><td>908</td><td>1,094</td><td>1,005</td><td>1,288</td></tr><tr><td>Total increase in public debt.</td><td>2,758</td><td>949</td><td>1,131</td><td>2,820</td><td>2,100</td><td>4,206</td><td>3,274</td><td>2,528</td><td>6,189</td></tr><tr><td>Net decrease in working balance, general and special accounts.</td><td>-937</td><td>1,173</td><td>-464</td><td>-481</td><td>548</td><td>-852</td><td>268</td><td>1,083</td><td>-</td></tr><tr><td>Total means of financing.</td><td>1,821</td><td>2,122</td><td>667</td><td>2,339</td><td>2,648</td><td>3,354</td><td>3,542</td><td>3,611</td><td>6,189</td></tr></table>
Source: Daily Treasury Statements, except as noted. 1/ Estimates for the fiscal year 1941 have been revised to accord with figures appearing in the Budget which was submitted to Congress by the President on January 3, 1941.
5
BUDGET RECEIPTS AND EXPENDITURES
6
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>Receipts 1/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>228</td><td>218</td><td>752</td><td>231</td><td>296</td><td>529</td><td>294</td><td>343</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937</td><td>239</td><td>230</td><td>966</td><td>318</td><td>290</td><td>828</td><td>367</td><td>412</td><td>747</td><td>292</td><td>286</td><td>823</td><td>5,798</td></tr><tr><td>1938</td><td>294</td><td>308</td><td>917</td><td>262</td><td>373</td><td>774</td><td>273</td><td>449</td><td>678</td><td>300</td><td>350</td><td>672</td><td>5,650</td></tr><tr><td>1939</td><td>272</td><td>367</td><td>687</td><td>213</td><td>347</td><td>557</td><td>265</td><td>372</td><td>676</td><td>278</td><td>364</td><td>521</td><td>4,918</td></tr><tr><td>1940</td><td>315</td><td>444</td><td>799</td><td>304</td><td>400</td><td>649 2/</td><td>331</td><td>447</td><td>710</td><td>333</td><td>362</td><td>740</td><td>5,834</td></tr><tr><td>1941</td><td>340</td><td>541</td><td>1,567</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>1936</td><td>538</td><td>489</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>681</td><td>569</td><td>728</td><td>9,364</td></tr><tr><td>1937</td><td>543</td><td>568</td><td>770</td><td>712</td><td>519</td><td>1,255</td><td>635</td><td>517</td><td>661</td><td>571</td><td>458</td><td>637</td><td>7,846</td></tr><tr><td>1938</td><td>493</td><td>487</td><td>709</td><td>632</td><td>567</td><td>937</td><td>725</td><td>685</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>764</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>1,187</td><td>9,800</td></tr><tr><td>1941</td><td>1,118</td><td>1,077</td><td>1,401</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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>1936</td><td>310</td><td>271</td><td>-108</td><td>417</td><td>437</td><td>1,909</td><td>367</td><td>249</td><td>184</td><td>409</td><td>336</td><td>211</td><td>4,992</td></tr><tr><td>1937</td><td>304</td><td>338</td><td>-196</td><td>394</td><td>229</td><td>427</td><td>268</td><td>105</td><td>-86</td><td>279</td><td>172</td><td>-186</td><td>2,048</td></tr><tr><td>1938</td><td>199</td><td>179</td><td>-208</td><td>370</td><td>194</td><td>163</td><td>452</td><td>196</td><td>54</td><td>439</td><td>296</td><td>156</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>447</td><td>3,966</td></tr><tr><td>1941</td><td>778</td><td>536</td><td>-166</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statements.
1/ In the fiscal year 1941 amounts representing appropriations equal to collections of Social Security taxes under the Federal Insurance Contributions Act for old-age insurance (less reimbursements to the general fund for administrative expenses) are deducted from total budget receipts. These 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 Fund", 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 colspan="5">Receipts £/</th><th colspan="4">Expenditures</th><th rowspan="2">Gross deficit</th></tr><tr><th>Total</th><th colspan="3">Internal revenue</th><th>Customs</th><th>Other</th><th>Total</th><th>General (including recovery and relief)</th><th>Revolving funds (net)</th><th>Transfers to trust accounts, etc. £/</th><th>Debt retirement</th></tr><tr><th></th><th></th><th>Total</th><th>Income tax</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>2,060</td><td>1,604</td><td>746</td><td>858</td><td>291</td><td>225</td><td>4,325</td><td>3,668</td><td>74</td><td>121</td><td>461</td><td>2,245</td></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>818</td><td>1,823</td><td>313</td><td>162</td><td>6,371</td><td>5,444</td><td>496</td><td>71</td><td>360</td><td>3,255</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>1,099</td><td>2,179</td><td>343</td><td>179</td><td>7,553</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>1,614</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>446</td><td>210</td><td>8,281</td><td>7,370</td><td>204</td><td>603</td><td>104</td><td>3,252</td></tr><tr><td>1938</td><td>5,855</td><td>5,288</td><td>2,640</td><td>2,648</td><td>359</td><td>208</td><td>7,304</td><td>6,898</td><td>121</td><td>220</td><td>65</td><td>1,449</td></tr><tr><td>1939</td><td>5,165</td><td>4,658</td><td>2,189</td><td>2,469</td><td>319</td><td>188</td><td>8,765</td><td>8,432</td><td>92</td><td>182</td><td>58</td><td>3,600</td></tr><tr><td>1940</td><td>5,387 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>1940-March</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>April</td><td>304</td><td>261</td><td>48</td><td>214</td><td>27</td><td>16</td><td>792</td><td>757</td><td>6</td><td>20</td><td>9</td><td>488</td></tr><tr><td>May</td><td>400</td><td>357</td><td>40</td><td>316</td><td>26</td><td>17</td><td>649</td><td>642</td><td>1</td><td>4</td><td>2</td><td>249</td></tr><tr><td>June</td><td>649 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>August</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>September</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>October</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>November</td><td>362</td><td>316</td><td>49</td><td>267</td><td>28</td><td>18</td><td>838</td><td>820</td><td>-23</td><td>20</td><td>1</td><td>456</td></tr><tr><td>December</td><td>740</td><td>692</td><td>429</td><td>263</td><td>30</td><td>18</td><td>1,187</td><td>1,172</td><td>-</td><td>-</td><td>15</td><td>447</td></tr><tr><td>1941-January</td><td>340</td><td>288</td><td>63</td><td>225</td><td>33</td><td>19</td><td>1,118</td><td>1,091</td><td>2</td><td>18</td><td>7</td><td>778</td></tr><tr><td>February</td><td>541</td><td>369</td><td>104</td><td>265</td><td>32</td><td>140</td><td>1,077</td><td>1,054</td><td>1</td><td>20</td><td>2</td><td>536</td></tr><tr><td>March</td><td>1,567</td><td>1,513</td><td>1,208</td><td>305</td><td>40</td><td>14</td><td>1,401</td><td>1,388</td><td>1</td><td>10</td><td>2</td><td>-166</td></tr></table>
Source: 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.
7
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>National defence</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 Act</th><th>Interest on the public debt</th><th>Other</th></tr><tr><td>1933</td><td>3,668</td><td>599</td><td>668</td><td>763</td><td>38</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>689</td><td>600</td></tr><tr><td>1934</td><td>5,448</td><td>387</td><td>540</td><td>507</td><td>1,512</td><td>-</td><td>543</td><td>289</td><td>332</td><td>-</td><td>757</td><td>577</td></tr><tr><td>1935</td><td>6,594</td><td>516</td><td>710</td><td>557</td><td>1,832</td><td>-</td><td>662</td><td>712</td><td>436</td><td>-</td><td>821</td><td>348</td></tr><tr><td>1936</td><td>6,840</td><td>586</td><td>911</td><td>578</td><td>496</td><td>1,264</td><td>687</td><td>533</td><td>486</td><td>29</td><td>749</td><td>561</td></tr><tr><td>1937</td><td>7,370</td><td>718</td><td>935</td><td>580</td><td>13</td><td>1,896</td><td>767</td><td>527</td><td>385</td><td>184</td><td>866</td><td>499</td></tr><tr><td>1938</td><td>6,898</td><td>632</td><td>1,028</td><td>582</td><td>5</td><td>1,472</td><td>664</td><td>362</td><td>326</td><td>335</td><td>926</td><td>566</td></tr><tr><td>1939</td><td>8,432</td><td>721</td><td>1,163</td><td>557</td><td>1</td><td>2,240</td><td>928</td><td>787</td><td>290</td><td>347</td><td>941</td><td>457</td></tr><tr><td>1940</td><td>8,736</td><td>807</td><td>1,559</td><td>557</td><td>-</td><td>1,478</td><td>1,021</td><td>1,020</td><td>283</td><td>392</td><td>1,041</td><td>578</td></tr><tr><td>1940-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>692</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>33</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>820</td><td>63</td><td>376</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>-21</td></tr><tr><td>December</td><td>1,172</td><td>61</td><td>473</td><td>46</td><td>-</td><td>115</td><td>65</td><td>109</td><td>23</td><td>19</td><td>219</td><td>42</td></tr><tr><td>1941-January</td><td>1,091</td><td>65</td><td>572</td><td>45</td><td>-</td><td>107</td><td>52</td><td>103</td><td>21</td><td>53</td><td>25</td><td>48</td></tr><tr><td>February</td><td>1,054</td><td>51</td><td>592</td><td>45</td><td>-</td><td>103</td><td>48</td><td>96</td><td>18</td><td>30</td><td>21</td><td>50</td></tr><tr><td>March</td><td>1,388</td><td>64</td><td>745</td><td>46</td><td>-</td><td>113</td><td>48</td><td>102</td><td>22</td><td>37</td><td>150</td><td>61</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>-5</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>1940-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><tr><td>December</td><td>-*</td><td>-1</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941-January</td><td>2</td><td>-*</td><td>2</td><td>18</td><td>10</td><td>-</td><td>8</td><td>-</td></tr><tr><td>February</td><td>1</td><td>-*</td><td>1</td><td>20</td><td>20</td><td>-</td><td>-</td><td>-</td></tr><tr><td>March</td><td>1</td><td>-*</td><td>2</td><td>10</td><td>10</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements. 
* Less than $500,000.
1/ 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.
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 4/</th></tr><tr><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Act (Unemployment insurance)</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>Old-age assistance, etc.</th><th>Unemployment compensation administration</th><th>Refund of taxes 3/</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>387.0</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>631.2</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>604.7</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>1940-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>61.6</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><tr><td>December</td><td>3.7</td><td>3.1</td><td>.6</td><td>.7</td><td>3.0</td><td>19.0</td><td>2.6</td><td>16.2</td><td>15.9</td><td>.3</td><td>.2</td><td>15.0</td></tr><tr><td>1941-January</td><td>46.0</td><td>33.9</td><td>12.1</td><td>31.8</td><td>14.2</td><td>53.3</td><td>2.5</td><td>50.7</td><td>37.2</td><td>13.5</td><td>.2</td><td>39.2</td></tr><tr><td>February</td><td>187.9</td><td>134.4</td><td>53.5</td><td>132.3</td><td>55.6</td><td>29.8</td><td>2.4</td><td>27.2</td><td>25.0</td><td>2.2</td><td>.2</td><td>-25.8</td></tr><tr><td>March</td><td>3.5</td><td>2.6</td><td>.9</td><td>.5</td><td>3.0</td><td>36.4</td><td>2.7</td><td>33.5</td><td>33.2</td><td>.3</td><td>.2</td><td>33.4</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 of the Treasury 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, which are shown as an expenditure in table below.
2/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act and amounts for administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue, Public Health Service, and Office of Education of the Federal Security Agency.
3/ Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $40,561,836.43, pursuant to authorization of August 24, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under Title 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. 301) "Other than to States".
4/ Covered by appropriations from the General Fund of the Treasury.
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>End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimbursement for administrative expenses/</th><th>Total</th><th>Investments</th><th>To credit of Trust Fund on books of Treasury 2/</th><th>To credit of disbursing officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>267.3</td><td>265.0</td><td>265.0</td><td>-</td><td>2.3</td><td>-</td><td>-</td><td>-</td><td>267.3</td><td>267.1</td><td>.1</td><td>.1</td></tr><tr><td>1938</td><td>782.7</td><td>765.0</td><td>652.0</td><td>113.0</td><td>17.7</td><td>5.4</td><td>5.1</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>1,894.5</td><td>1,894.5</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>1,788.1</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><tr><td>December</td><td>2,117.5</td><td>2,030.0</td><td>2,030.0</td><td>-</td><td>87.5</td><td>86.8</td><td>60.6</td><td>26.2</td><td>2,030.7</td><td>2,016.5</td><td>3.8</td><td>10.4</td></tr><tr><td>1941-January</td><td>2,151.6</td><td>2,063.9</td><td>2,063.9</td><td>-</td><td>87.7</td><td>94.3</td><td>66.0</td><td>28.3</td><td>2,057.3</td><td>2,006.5</td><td>35.8</td><td>15.0</td></tr><tr><td>February</td><td>2,286.1</td><td>2,198.4</td><td>2,198.4</td><td>-</td><td>87.7</td><td>102.3</td><td>71.9</td><td>30.4</td><td>2,183.8</td><td>2,001.5</td><td>166.2</td><td>14.1</td></tr><tr><td>March</td><td>2,288.9</td><td>2,200.9</td><td>2,200.9</td><td>-</td><td>88.0</td><td>111.1</td><td>78.6</td><td>32.5</td><td>2,177.8</td><td>2,161.3</td><td>4.2</td><td>12.3</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.
9
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th> Fiscal year or month</th><th>Receipts Total</th><th colspan="5">Expenditure</th><th>Excess of expenditures 2/</th></tr><tr><th></th><th></th><th>Total</th><th>Administrative expenses 1/</th><th>Transfers to Railroad Retirement account (Trust account)</th><th>Advances to Railroad Un-employment In- sureance Account</th><th>Transfers to Railroad Un- employment In- sureance Account</th><th></th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>.3</td><td>-</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>-</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>-</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>-</td><td>1.1</td></tr><tr><td>1940</td><td>125.9</td><td>128.3</td><td>7.6</td><td>120.7</td><td>-</td><td>-</td><td>2.4</td></tr><tr><td>1940-March</td><td>27.0</td><td>.6</td><td>.6</td><td>-</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>-</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>-</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>-</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>-</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>-</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>-</td><td>-15.6</td></tr><tr><td>October</td><td>.4</td><td>.5</td><td>.5</td><td>-</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>-</td><td>15.6</td></tr><tr><td>December</td><td>30.8</td><td>.5</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-30.2</td></tr><tr><td>1941-January</td><td>.6</td><td>18.0</td><td>.5</td><td>10.0</td><td>-</td><td>7.5</td><td>17.4</td></tr><tr><td>February</td><td>5.5</td><td>20.6</td><td>.6</td><td>20.0</td><td>-</td><td>-</td><td>15.1</td></tr><tr><td>March</td><td>30.6</td><td>10.5</td><td>.5</td><td>10.0</td><td>-</td><td>-</td><td>-20.1</td></tr></table>
Sources: 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 of the Treasury.
Receipts and Expenditures, Railroad Retirement Account (Trust Account)
(Cumulative - In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total receipts</th><th colspan="3">Appropriations by Congress</th><th>Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th></th><th>Total</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th>Interest on investments</th><th>Benefit payments</th><th>Total investments</th><th>To credit of appropriations 1/</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>-</td><td>-</td><td>46.6</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>-</td><td>4.0</td><td>42.6</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</td><td>1.4</td><td>79.8</td><td>68.1</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>3.6</td><td>185.6</td><td>82.8</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>298.7</td><td>92.1</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>308.5</td><td>204.9</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>318.4</td><td>195.0</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>328.4</td><td>185.0</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>338.4</td><td>166.0</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>348.4</td><td>156.0</td><td>48.5</td><td>22.1</td></tr><tr><td>December</td><td>504.4</td><td>498.5</td><td>450.2</td><td>48.3</td><td>5.9</td><td>358.5</td><td>145.9</td><td>48.4</td><td>12.1</td></tr><tr><td>1941-January</td><td>504.4</td><td>498.5</td><td>460.2</td><td>38.3</td><td>5.9</td><td>368.4</td><td>136.0</td><td>38.5</td><td>12.1</td></tr><tr><td>February</td><td>504.4</td><td>498.5</td><td>480.2</td><td>18.3</td><td>5.9</td><td>378.4</td><td>126.0</td><td>18.5</td><td>22.1</td></tr><tr><td>March</td><td>504.4</td><td>498.5</td><td>490.2</td><td>8.3</td><td>5.9</td><td>388.6</td><td>115.8</td><td>8.5</td><td>21.9</td></tr></table>
Source: Daily Treasury Statements.
1/ Includes balance of appropriation available for transfer subsequent to June 30, 1937.
2/ Appropriation reduced $9,000,000 to cover transfer for acquisition of service and compensation data.
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="4">Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th>Total receipts</th><th>Deposits by States</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriations</th><th>Transfers from Railroad Unemployment Insurance Administration Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Withdrawals by States</th><th>Railroad Unemployment Insurance benefit payments</th><th>Repayment of advance</th><th>Total</th><th>Investments</th><th>Unexpended balances in special deposit account 2/</th><th>Disbursing account</th></tr><tr><td>1936</td><td>18.9</td><td>18.9</td><td>-</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></tr><tr><td>1937</td><td>313.4</td><td>310.6</td><td>-</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></tr><tr><td>1938</td><td>1,076.2</td><td>1,058.2</td><td>-</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></tr><tr><td>1939</td><td>1,914.3</td><td>1,869.5</td><td>44.2</td><td>15.0</td><td>-</td><td>44.8</td><td>633.8</td><td>633.8</td><td>-</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1940</td><td>2,871.1</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>-</td><td>82.6</td><td>1,146.3</td><td>1,116.7</td><td>14.6</td><td>15.0</td><td>1,724.8</td><td>1,710.0</td><td>13.4</td><td>1.4</td></tr><tr><td>1940-July</td><td>2,930.0</td><td>2,788.2</td><td>44.2</td><td>15.0</td><td>-</td><td>82.6</td><td>1,203.0</td><td>1,172.7</td><td>15.2</td><td>15.0</td><td>1,727.0</td><td>1,723.0</td><td>2.3</td><td>1.7</td></tr><tr><td>August</td><td>3,072.6</td><td>2,929.7</td><td>45.3</td><td>15.0</td><td>-</td><td>82.6</td><td>1,255.6</td><td>1,224.5</td><td>16.2</td><td>15.0</td><td>1,817.0</td><td>1,808.0</td><td>7.2</td><td>1.9</td></tr><tr><td>September</td><td>3,095.6</td><td>2,939.0</td><td>58.9</td><td>15.0</td><td>-</td><td>82.7</td><td>1,293.5</td><td>1,261.3</td><td>17.2</td><td>15.0</td><td>1,802.1</td><td>1,790.0</td><td>10.3</td><td>1.8</td></tr><tr><td>October</td><td>3,152.4</td><td>2,995.7</td><td>58.9</td><td>15.0</td><td>-</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>1.8</td></tr><tr><td>November</td><td>3,296.2</td><td>3,138.8</td><td>59.6</td><td>15.0</td><td>-</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>2.0</td></tr><tr><td>December</td><td>3,346.2</td><td>3,151.6</td><td>74.4</td><td>15.0</td><td>-</td><td>105.2</td><td>1,388.2</td><td>1,352.5</td><td>20.7</td><td>15.0</td><td>1,958.0</td><td>1,945.3</td><td>7.4</td><td>5.3</td></tr><tr><td>1941-January</td><td>3,422.0</td><td>3,219.8</td><td>74.4</td><td>15.0</td><td>7.5</td><td>105.2</td><td>1,426.9</td><td>1,388.1</td><td>23.8</td><td>15.0</td><td>1,995.1</td><td>1,974.3</td><td>15.6</td><td>5.2</td></tr><tr><td>February</td><td>3,568.1</td><td>3,365.5</td><td>74.9</td><td>15.0</td><td>7.5</td><td>105.2</td><td>1,467.4</td><td>1,426.0</td><td>26.4</td><td>15.0</td><td>2,100.7</td><td>2,087.3</td><td>7.8</td><td>5.6</td></tr><tr><td>March</td><td>3,596.4</td><td>3,378.6</td><td>90.0</td><td>15.0</td><td>7.5</td><td>105.3</td><td>1,504.1</td><td>1,460.1</td><td>29.0</td><td>15.0</td><td>2,092.3</td><td>2,077.3</td><td>9.0</td><td>6.0</td></tr></table>
Source: Daily Treasury Statements.
1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account.
2/ Railroad unemployment benefits and refunds.
10
Cash Income and Outgo of the Treasury, by Major Classifications
(In millions of dollars)
<table><tr><th></th><th colspan="10">1940</th><th colspan="4">1941</th></tr><tr><th></th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th></tr><tr><td>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></tr><tr><td>Income tax.</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><td>429</td><td>63</td><td>104</td><td>1,208</td></tr><tr><td>Miscellaneous internal revenue.</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><td>231</td><td>210</td><td>204</td><td>273</td></tr><tr><td>Taxes under Social Security Act.</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><td>4</td><td>46</td><td>188</td><td>4</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>29</td><td>1</td><td>6</td><td>29</td></tr><tr><td>Customs.</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><td>30</td><td>33</td><td>32</td><td>40</td></tr><tr><td>Other.</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><td>18</td><td>19</td><td>15</td><td>13</td></tr><tr><td>Subtotal</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><td>741</td><td>372</td><td>549</td><td>1,567</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></tr><tr><td>Unemployment trust fund (deposits by States).</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><td>28</td><td>68</td><td>146</td><td>28</td></tr><tr><td>Trust accounts.</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><td>33</td><td>35</td><td>32</td><td>45</td></tr><tr><td>Subtotal</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><td>61</td><td>103</td><td>178</td><td>73</td></tr><tr><td>Total cash income.</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>802</td><td>475</td><td>727</td><td>1,640</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></tr><tr><td>National defense.</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>376</td><td>473</td><td>572</td><td>592</td><td>745</td></tr><tr><td>Social Security Act (grants and administrative expenses) 2/.</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><td>19</td><td>53</td><td>30</td><td>47</td></tr><tr><td>Interest on the public debt.</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><td>189</td><td>14</td><td>16r</td><td>144</td></tr><tr><td>Public Works.</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>65</td><td>54</td><td>50</td><td>53</td></tr><tr><td>Agricultural aid 3/.</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><td>116</td><td>109</td><td>108</td><td>119</td></tr><tr><td>National Youth Administration.</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><td>12</td><td>13</td><td>13</td><td>18</td></tr><tr><td>Work Projects Administration.</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><td>115</td><td>107</td><td>103</td><td>113</td></tr><tr><td>Other.</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>141</td><td>153</td><td>160</td><td>138r</td><td>144</td></tr><tr><td>Subtotal</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><td>1,142</td><td>1,082</td><td>1,050</td><td>1,383</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></tr><tr><td>Reconstruction Finance Corporation.</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><td>13</td><td>17</td><td>10</td><td>62</td></tr><tr><td>Commodity Credit Corporation.</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><td>17</td><td>12</td><td>7</td><td>37</td></tr><tr><td>Unemployment trust fund.</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><td>31</td><td>39</td><td>41</td><td>37</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></tr><tr><td>Insurance Trust Fund.</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><td>5</td><td>5</td><td>6</td><td>7</td></tr><tr><td>Railroad retirement account.</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><td>10</td><td>10</td><td>10</td><td>10</td></tr><tr><td>Other.</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><td>28</td><td>13</td><td>28</td><td>17</td></tr><tr><td>Subtotal</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><td>104</td><td>96</td><td>102</td><td>170</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total cash outgo.</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>1,247</td><td>1,179</td><td>1,153</td><td>1,554</td></tr><tr><td>EXCESS OF CASH OUTGO.</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>445</td><td>704</td><td>426</td><td>-86</td></tr></table>
Revised.
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.
Includes refunds of taxes.
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>1936</td><td>249</td><td>240</td><td>771</td><td>255</td><td>249</td><td>542</td><td>311</td><td>362</td><td>522</td><td>299</td><td>259</td><td>547</td><td>4,606</td></tr><tr><td>1937</td><td>303</td><td>326</td><td>1,115</td><td>421</td><td>390</td><td>925</td><td>438</td><td>541</td><td>852</td><td>389</td><td>433</td><td>930</td><td>7,063</td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>644</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</td><td>448</td><td>646</td><td>802</td><td>7,553</td></tr><tr><td>1941</td><td>475</td><td>727</td><td>1,640</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>1,247</td><td>10,296</td></tr><tr><td>1941</td><td>1,179</td><td>1,153</td><td>1,554</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>331</td></tr><tr><td>1938</td><td>142</td><td>21</td><td>-293</td><td>455</td><td>146</td><td>10</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>137</td><td>1,691</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>445</td><td>2,743</td></tr><tr><td>1941</td><td>704</td><td>426</td><td>-86</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
11
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
12
13
Current Assets of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Bullion, coin, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposit account of sales of Government securities</th><th>Other deposits and collections</th></tr><tr><td>1933</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td></tr><tr><td>1934</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td></tr><tr><td>1935</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td></tr><tr><td>1936</td><td>2,936</td><td>855</td><td>862</td><td>1,151</td><td>58</td></tr><tr><td>1937</td><td>2,709</td><td>1,853</td><td>141</td><td>649</td><td>55</td></tr><tr><td>1938</td><td>2,419</td><td>830</td><td>929</td><td>611</td><td>49</td></tr><tr><td>1939</td><td>3,087</td><td>1,212</td><td>1,022</td><td>777</td><td>76</td></tr><tr><td>1940</td><td>2,038</td><td>891</td><td>254</td><td>805</td><td>88</td></tr><tr><td>1940-March</td><td>2,696</td><td>1,063</td><td>734</td><td>814</td><td>85</td></tr><tr><td>April</td><td>2,382</td><td>1,019</td><td>463</td><td>813</td><td>87</td></tr><tr><td>May</td><td>2,234</td><td>901</td><td>438</td><td>813</td><td>81</td></tr><tr><td>June</td><td>2,038</td><td>891</td><td>254</td><td>805</td><td>88</td></tr><tr><td>July</td><td>2,414</td><td>963</td><td>639</td><td>718</td><td>94</td></tr><tr><td>August</td><td>2,611</td><td>992</td><td>815</td><td>717</td><td>87</td></tr><tr><td>September</td><td>2,566</td><td>1,003</td><td>759</td><td>715</td><td>88</td></tr><tr><td>October</td><td>2,101</td><td>904</td><td>391</td><td>713</td><td>93</td></tr><tr><td>November</td><td>1,976</td><td>911</td><td>268</td><td>705</td><td>92</td></tr><tr><td>December</td><td>2,110</td><td>934</td><td>405</td><td>675</td><td>96</td></tr><tr><td>1941-January</td><td>2,203</td><td>914</td><td>702</td><td>479</td><td>108</td></tr><tr><td>February</td><td>1,873</td><td>913</td><td>385</td><td>477</td><td>98</td></tr><tr><td>March</td><td>2,885</td><td>968</td><td>1,245</td><td>566</td><td>106</td></tr></table>
Source: Daily Treasury Statements.
Balance in the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Current assets</th><th>Current liabilities</th><th>Balance in the General Fund</th><th colspan="4">Analysis of balance in the General Fund</th></tr><tr><th></th><th></th><th></th><th></th><th>Working balance</th><th>Seigniorage on silver</th><th>Increment on gold</th><th>Inactive gold</th></tr><tr><td>1933</td><td>1,103</td><td>241</td><td>862</td><td>862</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>3,033</td><td>451</td><td>2,582</td><td>1,771</td><td>-</td><td>811</td><td>-</td></tr><tr><td>1935</td><td>2,016</td><td>175</td><td>1,841</td><td>1,001</td><td>140</td><td>700</td><td>-</td></tr><tr><td>1936</td><td>2,936</td><td>254</td><td>2,682</td><td>2,225</td><td>316</td><td>141</td><td>-</td></tr><tr><td>1937</td><td>2,709</td><td>156</td><td>2,554</td><td>970</td><td>356</td><td>141</td><td>1,087</td></tr><tr><td>1938</td><td>2,419</td><td>203</td><td>2,216</td><td>1,628</td><td>446</td><td>142</td><td>-</td></tr><tr><td>1939</td><td>3,087</td><td>249</td><td>2,838</td><td>2,160</td><td>536</td><td>142</td><td>-</td></tr><tr><td>1940</td><td>2,038</td><td>147</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td><td>-</td></tr><tr><td>1940-March</td><td>2,696</td><td>182</td><td>2,514</td><td>1,794</td><td>577</td><td>143</td><td>-</td></tr><tr><td>April</td><td>2,382</td><td>172</td><td>2,210</td><td>1,486</td><td>581</td><td>143</td><td>-</td></tr><tr><td>May</td><td>2,234</td><td>204</td><td>2,030</td><td>1,303</td><td>584</td><td>143</td><td>-</td></tr><tr><td>June</td><td>2,058</td><td>147</td><td>1,891</td><td>1,163</td><td>585</td><td>143</td><td>-</td></tr><tr><td>July</td><td>2,414</td><td>156</td><td>2,258</td><td>1,527</td><td>588</td><td>143</td><td>-</td></tr><tr><td>August</td><td>2,611</td><td>157</td><td>2,454</td><td>1,720</td><td>591</td><td>143</td><td>-</td></tr><tr><td>September</td><td>2,566</td><td>151</td><td>2,415</td><td>1,680</td><td>592</td><td>143</td><td>-</td></tr><tr><td>October</td><td>2,101</td><td>181</td><td>1,920</td><td>1,183</td><td>594</td><td>143</td><td>-</td></tr><tr><td>November</td><td>1,976</td><td>159</td><td>1,817</td><td>1,078</td><td>596</td><td>143</td><td>-</td></tr><tr><td>December</td><td>2,110</td><td>181</td><td>1,928</td><td>1,188</td><td>597</td><td>143</td><td>-</td></tr><tr><td>1941-January</td><td>2,203</td><td>178</td><td>2,025</td><td>1,283</td><td>599</td><td>143</td><td>-</td></tr><tr><td>February</td><td>1,873</td><td>172</td><td>1,701</td><td>957</td><td>601</td><td>143</td><td>-</td></tr><tr><td>March</td><td>2,885</td><td>170</td><td>2,715</td><td>1,970</td><td>602</td><td>143</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
PUBLIC DEBT OF THE UNITED STATES
14
15
Statement of the Outstanding Public Debt on June 30, 1940 and March 31, 1941
(In millions of dollars)
<table><tr><th></th><th>June 30, 1940</th><th>Mar. 31, 1941</th><th>Change</th><th></th><th>June 30, 1940</th><th>Mar. 31, 1941</th><th>Change</th></tr><tr><td>Interest-bearing public debt</td><td></td><td></td><td></td><td>Interest-bearing public debt (continued)</td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td>Special issues:</td><td></td><td></td><td></td></tr><tr><td>Marketable issues</td><td></td><td></td><td></td><td>Adjusted Service Certificate Fund</td><td>11</td><td>10</td><td>-1</td></tr><tr><td>Treasury bonds</td><td>26,555</td><td>29,532</td><td>+2,977</td><td>Federal Deposit Insurance Corporation</td><td>56</td><td>90</td><td>+34</td></tr><tr><td>Treasury notes</td><td>6,383</td><td>5,722</td><td>-661</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>1,738</td><td>2,161</td><td>+423</td></tr><tr><td>Treasury bills</td><td>1,302</td><td>1,604</td><td>+302</td><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>3</td><td>+3</td></tr><tr><td>Postal savings and pre-war bonds</td><td>196</td><td>196</td><td>-</td><td>Government Life Insurance Fund</td><td>524</td><td>508</td><td>-16</td></tr><tr><td>Total marketable issues</td><td>34,436</td><td>37,054</td><td>+2,618</td><td>Government Retirement Funds</td><td>559</td><td>636</td><td>+77</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td>National Service Life Insurance Fund</td><td>-</td><td>1</td><td>+1</td></tr><tr><td>U. S. savings bonds</td><td>2,905</td><td>3,599</td><td>+694</td><td>Postal Savings System</td><td>97</td><td>112</td><td>+15</td></tr><tr><td>Adjusted service bonds</td><td>261</td><td>245</td><td>-16</td><td>Railroad Retirement Account</td><td>80</td><td>85</td><td>+5</td></tr><tr><td>Total non-marketable issues</td><td>3,166</td><td>3,844</td><td>+678</td><td>Unemployment Trust Fund</td><td>1,710</td><td>2,077</td><td>+367</td></tr><tr><td>Total public issues</td><td>37,602</td><td>40,898</td><td>+3,296</td><td>Total special issues</td><td>4,775</td><td>5,683</td><td>+908</td></tr><tr><td></td><td></td><td></td><td></td><td>Total interest-bearing public debt</td><td>42,377</td><td>46,581</td><td>+4,204</td></tr><tr><td></td><td></td><td></td><td></td><td>Matured debt on which interest has ceased</td><td>205</td><td>220</td><td>+15</td></tr><tr><td></td><td></td><td></td><td></td><td>Debt bearing no interest</td><td>386</td><td>372</td><td>-14</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt</td><td>42,968</td><td>47,173</td><td>+4,205</td></tr></table>
Source: Daily Treasury Statements.
Composition of the Public Debt
(in millions of dollars)
<table><tr><th rowspan="3">End of fiscal year or month</th><th rowspan="3">Total</th><th colspan="8">Interest-bearing public debt</th><th rowspan="3">Matured debt</th><th rowspan="3">Debt bearing no interest</th></tr><tr><th colspan="4">Public issues</th><th colspan="4">Special issues</th></tr><tr><th>Total</th><th>Bonds Amount</th><th>% of total interest-bearing debt</th><th>Notes Amount</th><th>% of total interest-bearing debt</th><th>Bills and certificates of indebtedness 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>11,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td></tr><tr><td>1935</td><td>28,701</td><td>27,045</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>533</td><td>2.3</td><td>231</td><td>825</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</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>1940-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>30,647</td><td>70.9</td><td>6,384</td><td>14.8</td><td>1,302</td><td>3.0</td><td>4,853</td><td>11.2</td><td>198</td><td>386</td></tr><tr><td>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>5,101</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>1,308</td><td>3.0</td><td>5,209</td><td>11.9</td><td>187</td><td>379</td></tr><tr><td>December</td><td>45,025</td><td>44,459</td><td>31,601</td><td>71.1</td><td>6,178</td><td>13.9</td><td>1,310</td><td>2.9</td><td>5,370</td><td>12.1</td><td>189</td><td>377</td></tr><tr><td>1941-January</td><td>45,677</td><td>45,321</td><td>31,775</td><td>70.1</td><td>6,813</td><td>15.0</td><td>1,307</td><td>2.9</td><td>5,426</td><td>12.0</td><td>181</td><td>375</td></tr><tr><td>February</td><td>46,090</td><td>45,535</td><td>31,883</td><td>70.0</td><td>6,813</td><td>15.0</td><td>1,306</td><td>2.9</td><td>5,534</td><td>12.1</td><td>180</td><td>374</td></tr><tr><td>March</td><td>47,173</td><td>46,581</td><td>33,572</td><td>72.1</td><td>5,722</td><td>12.3</td><td>1,604</td><td>3.4</td><td>5,683</td><td>12.2</td><td>220</td><td>372</td></tr></table>
Source: Daily Treasury Statements
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In millions of dollars)
Purchases or sales (-)
<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></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>36.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.6</td><td>.1</td><td>-12.5</td><td>-37.1</td><td>-40.4</td><td>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-.3</td><td>-4.4</td><td>-.3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
16
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT
17
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued by United States Government and Guaranteed by United States
(In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="6">Securities issued by United States Government<br>Distribution by classes of holders</th><th colspan="3">Securities guaranteed by United States 1/<br>Distribution by classes of holders</th></tr><tr><th>Total amount outstanding</th><th colspan="3">U. S. Government agencies and trust funds 2/</th><th>Federal Reserve Banks 3/</th><th colspan="2">Private investors 4/</th><th>Total amount outstanding</th><th colspan="2">U. S. Government agencies and trust funds and Federal Reserve Banks 2/</th><th>Private investors 4/</th></tr><tr><th></th><th></th><th>Total public and special issues</th><th>Public marketable issues 5/</th><th>Special issues</th><th>Public marketable issues</th><th>Total public issues</th><th>Public marketable issues</th><th>Public non-marketable issues</th><th></th><th>Public marketable issues</th><th>Public marketable issues</th></tr><tr><td>1933</td><td>22,158</td><td>689</td><td>366</td><td>323</td><td>1,998</td><td>19,471</td><td>19,471</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>26,480</td><td>1,296</td><td>900</td><td>396</td><td>2,432</td><td>22,752</td><td>22,752</td><td>-</td><td>681</td><td>155</td><td>526</td></tr><tr><td>1935</td><td>27,645</td><td>1,620</td><td>987</td><td>633</td><td>2,433</td><td>23,592</td><td>23,530</td><td>62</td><td>4,123</td><td>378</td><td>3,745</td></tr><tr><td>1936</td><td>32,989</td><td>1,937</td><td>1,311</td><td>626</td><td>2,430</td><td>28,622</td><td>27,361</td><td>1,261</td><td>4,718</td><td>392</td><td>4,326</td></tr><tr><td>1937</td><td>35,800</td><td>3,213</td><td>1,655</td><td>1,558</td><td>2,526</td><td>30,061</td><td>28,873</td><td>1,188</td><td>4,665</td><td>381</td><td>4,284</td></tr><tr><td>1938</td><td>36,576</td><td>4,455</td><td>1,779</td><td>2,676</td><td>2,564</td><td>29,557</td><td>28,001</td><td>1,556</td><td>4,853</td><td>344</td><td>4,509</td></tr><tr><td>1939</td><td>39,886</td><td>5,613</td><td>1,843</td><td>3,770</td><td>2,551</td><td>31,722</td><td>29,571</td><td>2,151</td><td>5,450</td><td>295</td><td>5,155</td></tr><tr><td>1940</td><td>42,377</td><td>6,817</td><td>2,042</td><td>4,775</td><td>2,458</td><td>33,102</td><td>29,936</td><td>3,166</td><td>5,498</td><td>287</td><td>5,211</td></tr><tr><td>1940-March</td><td>41,983</td><td>6,514</td><td>2,043</td><td>4,471</td><td>2,463</td><td>33,006</td><td>30,031</td><td>2,975</td><td>5,624</td><td>291</td><td>5,333</td></tr><tr><td>April</td><td>42,117</td><td>6,532</td><td>2,036</td><td>4,496</td><td>2,456</td><td>33,129</td><td>30,044</td><td>3,085</td><td>5,624</td><td>289</td><td>5,335</td></tr><tr><td>May</td><td>42,253</td><td>6,623</td><td>2,038</td><td>4,585</td><td>2,467</td><td>33,163</td><td>30,029</td><td>3,134</td><td>5,497</td><td>289</td><td>5,208</td></tr><tr><td>June</td><td>42,377</td><td>6,817</td><td>2,042</td><td>4,775</td><td>2,458</td><td>33,102</td><td>29,936</td><td>3,166</td><td>5,498</td><td>287</td><td>5,211</td></tr><tr><td>July</td><td>43,186</td><td>6,912</td><td>2,059</td><td>4,853</td><td>2,441</td><td>33,833</td><td>30,609</td><td>3,224</td><td>5,499</td><td>286</td><td>5,213</td></tr><tr><td>August</td><td>43,317</td><td>6,974</td><td>2,040</td><td>4,934</td><td>2,435</td><td>33,908</td><td>30,644</td><td>3,264</td><td>5,788</td><td>287</td><td>5,501</td></tr><tr><td>September</td><td>43,480</td><td>7,082</td><td>2,019</td><td>5,063</td><td>2,417</td><td>33,981</td><td>30,683</td><td>3,298</td><td>5,787</td><td>286</td><td>5,501</td></tr><tr><td>October</td><td>43,560</td><td>7,113</td><td>2,012</td><td>5,101</td><td>2,328</td><td>34,119</td><td>30,783</td><td>3,336</td><td>5,790</td><td>284</td><td>5,506</td></tr><tr><td>November</td><td>43,707</td><td>7,214</td><td>2,005</td><td>5,209</td><td>2,200</td><td>34,293</td><td>30,919</td><td>3,374</td><td>5,901</td><td>279</td><td>5,622</td></tr><tr><td>December</td><td>44,458</td><td>7,365</td><td>1,995</td><td>5,370</td><td>2,179</td><td>34,914</td><td>31,470</td><td>3,444</td><td>5,901</td><td>279</td><td>5,622</td></tr><tr><td>1941-January</td><td>45,320</td><td>7,423</td><td>1,997</td><td>5,426</td><td>2,179</td><td>35,718</td><td>32,099</td><td>3,619</td><td>5,901</td><td>278</td><td>5,623</td></tr><tr><td>February</td><td>45,535</td><td>7,548</td><td>2,014</td><td>5,534</td><td>2,179</td><td>35,808</td><td>32,081</td><td>3,727</td><td>5,901</td><td>277</td><td>5,624</td></tr><tr><td>March</td><td>47,173</td><td>7,727p</td><td>2,044p</td><td>5,683</td><td>2,179</td><td>37,267p</td><td>33,423p</td><td>3,844</td><td>5,905</td><td>275p</td><td>5,630p</td></tr></table>
Sources: (1) Total amounts outstanding: Daily Treasury Statements; (2) Securities held by U. S. Government agencies and trust funds: reports of the agencies and accounts with the Treasury; (3) Securities held by Federal Reserve Banks: Federal Reserve System. Preliminary. 1/ Excludes obligations sold directly to the Treasury. 2/ Includes Production Credit Associations and Joint Stock land banks; excludes Exchange Stabilization Fund. 3/ Figures shown for June 30 of each year are as of the end of the month. Other figures are as of the Wednesday nearest the end of the month. 4/ The total amount of securities held by private investors is calculated by deducting from the total amount of securities outstanding, the securities held by U. S. Government agencies and trust funds and by Federal Reserve Banks. 5/ Includes non-marketable issues which have not at any time aggregated as much as $500,000.
Public Debt Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="5">Receipts</th><th colspan="4">Expenditures</th><th rowspan="2">Excess of receipts</th></tr><tr><th>Total</th><th colspan="3">Public issues</th><th>Special issues</th><th>Total</th><th colspan="2">Public issues</th><th>Special issues</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><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>7,145.1</td><td>6.5</td><td>3,034.9</td><td>2,567.1</td><td>9,808.8</td><td>5,301.9</td><td>3,034.9</td><td>1,472.9</td><td>3,274.8</td></tr><tr><td>1940</td><td>13,165.6</td><td>7,194.4</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>10,637.6</td><td>5,679.8</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1940-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>460.3</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>114.7</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><tr><td>December</td><td>1,203.6</td><td>1,015.9</td><td>.2</td><td>-</td><td>187.5</td><td>451.7</td><td>424.6</td><td>-</td><td>27.1</td><td>751.9</td></tr><tr><td>1941-January</td><td>1,414.0</td><td>1,325.6</td><td>.1</td><td>-</td><td>88.3</td><td>561.7</td><td>529.6</td><td>-</td><td>32.1</td><td>852.3</td></tr><tr><td>February</td><td>616.5</td><td>522.1</td><td>.1</td><td>-</td><td>114.2</td><td>423.8</td><td>417.4</td><td>-</td><td>6.3</td><td>212.7</td></tr><tr><td>March</td><td>3,186.6</td><td>1,387.6</td><td>.2</td><td>1,627.2</td><td>171.6</td><td>2,103.4</td><td>453.6</td><td>1,627.2</td><td>22.6</td><td>1,083.2</td></tr></table>
Source:
Daily Treasury Statements
18
Bank Holdings of United States Government Securities As of December 31, 1940
(In millions of dollars) 1/
<table><tr><th rowspan="2"></th><th colspan="6">Marketable and non-marketable issues 2/</th><th colspan="6">Marketable issues</th></tr><tr><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th></tr><tr><td>Insured commercial banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Member banks</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National</td><td>445</td><td>1,720</td><td>728</td><td>1,525</td><td>2,908</td><td>316</td><td>7,642</td><td>445</td><td>1,720</td><td>718</td><td>1,429</td><td>2,908</td><td>316</td><td>7,536</td></tr><tr><td>State</td><td>207</td><td>874</td><td>640</td><td>1,361</td><td>1,437</td><td>177</td><td>4,695</td><td>207</td><td>874</td><td>637</td><td>1,335</td><td>1,437</td><td>177</td><td>4,667</td></tr><tr><td>Total member banks</td><td>652</td><td>2,594</td><td>1,367</td><td>2,886</td><td>4,345</td><td>493</td><td>12,337</td><td>652</td><td>2,594</td><td>1,354</td><td>2,765</td><td>4,345</td><td>493</td><td>12,203</td></tr><tr><td>Nonmember banks</td><td>10</td><td>162</td><td>91</td><td>267</td><td>407</td><td>71</td><td>1,007</td><td>10</td><td>162</td><td>77</td><td>137</td><td>407</td><td>71</td><td>864</td></tr><tr><td>Total of all operating insured commercial banks</td><td>662</td><td>2,756</td><td>1,458</td><td>3,153</td><td>4,752</td><td>564</td><td>13,344</td><td>662</td><td>2,756</td><td>1,431</td><td>2,902</td><td>4,752</td><td>564</td><td>13,067</td></tr><tr><td>Member banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>New York City</td><td>207</td><td>1,245</td><td>596</td><td>1,233</td><td>1,058</td><td>90</td><td>4,429</td><td>207</td><td>1,245</td><td>596</td><td>1,232</td><td>1,058</td><td>90</td><td>4,428</td></tr><tr><td>Chicago</td><td>297</td><td>145</td><td>52</td><td>117</td><td>483</td><td>100</td><td>1,194</td><td>297</td><td>145</td><td>52</td><td>117</td><td>483</td><td>100</td><td>1,194</td></tr><tr><td>Reserve city</td><td>103</td><td>771</td><td>470</td><td>922</td><td>1,712</td><td>178</td><td>4,155</td><td>103</td><td>771</td><td>469</td><td>916</td><td>1,712</td><td>178</td><td>4,148</td></tr><tr><td>Country</td><td>45</td><td>433</td><td>250</td><td>614</td><td>1,092</td><td>126</td><td>2,559</td><td>45</td><td>433</td><td>238</td><td>500</td><td>1,092</td><td>126</td><td>2,433</td></tr><tr><td>Total member banks</td><td>652</td><td>2,594</td><td>1,367</td><td>2,886</td><td>4,345</td><td>493</td><td>12,337</td><td>652</td><td>2,594</td><td>1,354</td><td>2,765</td><td>4,345</td><td>493</td><td>12,203</td></tr></table>
Shown as percentages of United States Government securities held by private investors
<table><tr><th rowspan="2"></th><th colspan="6">Marketable and non-marketable issues 2/</th><th colspan="7">Marketable issues</th></tr><tr><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th><th>Bills</th><th>Notes</th><th colspan="4">Bonds maturing</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th></tr><tr><td>Insured commercial banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Member banks</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National</td><td>34</td><td>33</td><td>21</td><td>17</td><td>22</td><td>14</td><td>22</td><td>34</td><td>33</td><td>23</td><td>23</td><td>22</td><td>14</td><td>24</td></tr><tr><td>State</td><td>16</td><td>17</td><td>18</td><td>15</td><td>11</td><td>8</td><td>13</td><td>16</td><td>17</td><td>21</td><td>22</td><td>11</td><td>8</td><td>15</td></tr><tr><td>Total member banks</td><td>50</td><td>50</td><td>39</td><td>32</td><td>32</td><td>22</td><td>35</td><td>50</td><td>50</td><td>44</td><td>45</td><td>32</td><td>22</td><td>39</td></tr><tr><td>Nonmember banks</td><td>1</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>3</td><td>1</td><td>3</td><td>3</td><td>2</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Total of all operating insured commercial banks</td><td>51</td><td>53</td><td>42</td><td>35</td><td>35</td><td>25</td><td>38</td><td>51</td><td>53</td><td>46</td><td>47</td><td>35</td><td>25</td><td>42</td></tr><tr><td>Member banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>New York City</td><td>16</td><td>24</td><td>17</td><td>14</td><td>8</td><td>4</td><td>13</td><td>16</td><td>24</td><td>19</td><td>20</td><td>8</td><td>4</td><td>14</td></tr><tr><td>Chicago</td><td>23</td><td>3</td><td>2</td><td>1</td><td>4</td><td>5</td><td>3</td><td>23</td><td>3</td><td>2</td><td>2</td><td>4</td><td>5</td><td>4</td></tr><tr><td>Reserve city</td><td>8</td><td>15</td><td>13</td><td>10</td><td>13</td><td>8</td><td>12</td><td>8</td><td>15</td><td>15</td><td>15</td><td>13</td><td>8</td><td>11</td></tr><tr><td>Country</td><td>3</td><td>8</td><td>7</td><td>7</td><td>8</td><td>6</td><td>7</td><td>3</td><td>8</td><td>8</td><td>8</td><td>8</td><td>6</td><td>8</td></tr><tr><td>Total member banks</td><td>50</td><td>50</td><td>39</td><td>32</td><td>32</td><td>22</td><td>35</td><td>50</td><td>50</td><td>44</td><td>45</td><td>32</td><td>22</td><td>39</td></tr></table>
Source: Figures on bank holdings come from reports of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System.
1/ Book values.
2/ Non-marketable issues held by private investors comprise United States saving bonds and Adjusted Service bonds.
3/ Because the securities held by banks are on the books of book value, whereas the securities held by private investors are on the basis of par values, the percentage figures are only approximate.
United States Government Securities Held by Private Investors/ As of December 31, 1940
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">Marketable and non-marketable issues 2/</th><th colspan="6">Marketable issues 1/</th></tr><tr><th>Bille</th><th>Notes</th><th colspan="4">Bonde maturing</th><th>Total</th><th>Bills</th><th>Notes</th><th colspan="4">Bonde maturing</th><th>Total</th></tr><tr><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th><th></th><th></th><th>within 5 years</th><th>in 5 to 10 years</th><th>in 10 to 20 years</th><th>after 20 years</th><th></th></tr><tr><td>Amount</td><td>1,310</td><td>5,244</td><td>3,525</td><td>9,140</td><td>13,470</td><td>2,225</td><td>34,914</td><td>1,310</td><td>5,244</td><td>3,103</td><td>6,118</td><td>13,470</td><td>2,225</td><td>31,470</td></tr></table>
1/ Par values. The total amount of United States Government securities held by private investors is calculated by deducting from the total amount of securities outstanding, the securities held by United States Government agencies and trust funds (including Production Credit Associations and Joint Stock land banks and excluding Exchange Stabilization Fund) and by Federal Reserve Banks.
2/ Non-marketable issues held by private investors comprise United States savings bonds and Adjusted Service bonds.
3/ The privately-held marketable supply.
19
Bank Holdings of Securities Guaranteed by the United States
As of December 31, 1940
(In millions of dollars) 2/
<table><tr><th></th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total</th></tr><tr><td>Insured commercial banks:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Member banks</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National</td><td>338</td><td>1,069</td><td>256</td><td>430</td><td>2,093</td></tr><tr><td>State</td><td>502</td><td>421</td><td>207</td><td>261</td><td>1,392</td></tr><tr><td>Total member banks</td><td>841</td><td>1,490</td><td>463</td><td>692</td><td>3,486</td></tr><tr><td>Nonmember banks</td><td>23</td><td>119</td><td>52</td><td>40</td><td>234</td></tr><tr><td>Total of all operating insured commercial banks</td><td>863</td><td>1,610</td><td>515</td><td>732</td><td>3,719</td></tr><tr><td>Member banks:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>New York City</td><td>513</td><td>644</td><td>156</td><td>301</td><td>1,615</td></tr><tr><td>Chicago</td><td>57</td><td>19</td><td>4</td><td>32</td><td>112</td></tr><tr><td>Reserve city</td><td>162</td><td>504</td><td>164</td><td>219</td><td>1,049</td></tr><tr><td>Country</td><td>108</td><td>323</td><td>140</td><td>139</td><td>710</td></tr><tr><td>Total member banks</td><td>841</td><td>1,490</td><td>463</td><td>692</td><td>3,486</td></tr></table>
Shown as percentages of guaranteed securities held by private investors
<table><tr><th></th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total</th></tr><tr><td>Insured commercial banks:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Member banks</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National</td><td>31</td><td>44</td><td>22</td><td>46</td><td>37</td></tr><tr><td>State</td><td>46</td><td>17</td><td>18</td><td>28</td><td>25</td></tr><tr><td>Total member banks</td><td>77</td><td>61</td><td>40</td><td>74</td><td>62</td></tr><tr><td>Nonmember banks</td><td>2</td><td>5</td><td>4</td><td>4</td><td>4</td></tr><tr><td>Total of all operating insured commercial banks</td><td>79</td><td>66</td><td>44</td><td>79</td><td>66</td></tr><tr><td>Member banks:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>New York City</td><td>47</td><td>27</td><td>13</td><td>32</td><td>29</td></tr><tr><td>Chicago</td><td>5</td><td>1</td><td>*</td><td>3</td><td>2</td></tr><tr><td>Reserve city</td><td>15</td><td>21</td><td>14</td><td>24</td><td>19</td></tr><tr><td>Country</td><td>10</td><td>13</td><td>12</td><td>15</td><td>13</td></tr><tr><td>Total member banks</td><td>77</td><td>61</td><td>40</td><td>74</td><td>62</td></tr></table>
Sources: Figures on bank holdings come from reports of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System.
* Less than one percent.
1/ Guaranteed securities held by private investors are marketable issues.
2/ Book values.
3/ Because the securities held by banks are on the basis of book values, whereas the securities held by private investors are on the basis of par values, the percentage figures are only approximate.
Securities Guaranteed by the United States Held by Private Investors
s of December 31, 1940
(In millions of dollars)
<table><tr><th></th><th>Reconstruction Finance Corporation</th><th>Home Owners' Loan Corporation</th><th>Federal Farm Mortgage Corporation</th><th>Other</th><th>Total 2/</th></tr><tr><td>Amount</td><td>1,091</td><td>2,428</td><td>1,170</td><td>933</td><td>5,622</td></tr></table>
1/ Par values. The total amount of guaranteed securities held by private investors is calculated by deducting from the total amount of securities out-standing, the securities held by United States Government agencies and trust funds (including Production Credit Associations and Joint Stock land banks and excluding Exchange Stabilization Fund) and by Federal Reserve Banks. Guaranteed securities held by private investors are marketable issues.
2/ The privately-held marketable supply.
20
Statement of the Debt Position of the United States Government under Limitations Imposed by Section 21 of the Second Liberty Bond Act, as Amended As of March 31, 1941
<table><tr><td>Total face amount which may be outstanding at any one time</td><td>$65,000,000,000</td></tr><tr><td>Face amount outstanding as of March 31, 1941:</td><td></td></tr><tr><td>Interest-bearing securities</td><td></td></tr><tr><td>Bonds</td><td></td></tr><tr><td>Treasury</td><td>$29,531,881,445</td></tr><tr><td>Savings (maturity value) 1/</td><td>4,618,166,650</td></tr><tr><td>Adjusted Service</td><td>745,559,356</td></tr><tr><td>Total bonds</td><td>$34,895,607,451</td></tr><tr><td>Treasury notes</td><td>8,817,677,000</td></tr><tr><td>Certificates of indebtedness</td><td>2,087,100,000</td></tr><tr><td>Treasury bills (maturity value)</td><td>1,603,946,000</td></tr><tr><td>Total interest-bearing securities</td><td>$47,404,330,451</td></tr><tr><td>Natured obligations on which interest has ceased</td><td>206,529,350</td></tr><tr><td>Total face amount of securities outstanding</td><td>47,610,859,801</td></tr><tr><td>Total amount of authorization unmeed as of March 31, 1941</td><td>$17,389,140,199</td></tr></table>
1/ Approximate maturity value.
The current redemption value of U. S. Savings bonds amounted to $3,598,546,280 on March 31, 1941.
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as Amended, With the Gross Public Debt of the United States as Shown in the Daily Treasury Statement As of March 31, 1941
<table><tr><td>Groes public debt outstanding.</td><td></td><td>$47,172,888,619</td></tr><tr><td>Total face amount of securities outstanding limited by Section 21 of the Second Liberty Bond Act, as amended.</td><td>$47,610,859,801</td><td></td></tr><tr><td>Less: Unearned discount on savings bonds (difference between current redemption value and maturity value).</td><td>1,019,620,370</td><td>$46,591,239,431</td></tr><tr><td>Add: Securities outstanding not subject to limitation under Section 21:</td><td></td><td></td></tr><tr><td>Interest-bearing securities.</td><td>$ 196,102,380</td><td></td></tr><tr><td>Matured obligations on which interest has ceased.</td><td>13,063,345</td><td></td></tr><tr><td>Debt bearing no interest.</td><td>372,483,463</td><td>581,649,188</td></tr><tr><td>Groes public debt outstanding.</td><td></td><td>$47,172,888,619</td></tr></table>
21
Statement Showing Details of Major Financing Operations of the Treasury Since January 1, 1938
(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 date</th><th colspan="2">Amount issued</th><th rowspan="2">Amount of cash subscription tendered</th><th colspan="6">New securities allotted</th></tr><tr><th>Treasury bonds</th><th>Treasury notes and certificates</th><th rowspan="2">For cash</th><th colspan="2">Amount of exchangee</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certificates</th><th>Date of issue</th><th>Rate per cent</th><th>Call or maturity date</th></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 moe.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>591</td><td>-</td><td>5,732</td><td>403</td><td>-</td><td>188</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15.</td><td>2</td><td>9 years</td><td>Dec. 15, 1947</td><td>701</td><td>-</td><td>-</td><td>-</td><td>-</td><td>701</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15. (Add. 12/15/38)</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. 9/15/38)</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 4/6 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 50 1/2</td><td>521 50 1/2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>100 1/2</td><td>100 1/2</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 moe.</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 moe.</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 50 1/2</td><td>631 50 1/2</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. 18.</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><tr><td>1941-Jan. 31.</td><td>3/4</td><td>3 years 7/8 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>635</td><td>2,756</td><td>635</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 15.</td><td>2</td><td>7-9 years</td><td>Mar. 15, 1948 Mar. 15, 1950</td><td>1,116</td><td>-</td><td>-</td><td>-</td><td>482</td><td>634</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 15.</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>32</td><td>-</td><td>-</td><td>5</td><td>27</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 31. (Add. 3/15/41)</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>33</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>Mar. 31.</td><td>2-1/2</td><td>11-13 years</td><td>Mar. 15, 1952 Mar. 15, 1954</td><td>1,004</td><td>-</td><td>6,145 30 2/3</td><td>526 30 2/3</td><td>-</td><td>448</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr></table>
Back Figures: For financings from July 1, 1933 through December 31, 1937 see March 1939 Bulletin, pp. 16-18.
1/ These amounts were sold to Government investment accounts direct.
2/ This amount had been sold to Government investment accounts as of April 15, 1941 out of a total amount of $50,000,000 reserved for this purpose.
22
Treasury Bill Offerings since March 1, 1940
<table><tr><th>Data of issue</th><th>Date of maturity</th><th>Number of days to maturity</th><th>Total amount applied for (In millions of dollars)</th><th colspan="3">Bids accepted</th><th>Amount of maturing issue (In millions of dollars)</th></tr><tr><th></th><th></th><th></th><th></th><th>Amount (In millions of dollars)</th><th>Average price (per hundred)</th><th>Average equivalent rate 1/ (Percent)</th><th></th></tr><tr><td>1940-Mar. 6</td><td>1940-June 5</td><td>91</td><td>309.7</td><td>100.7</td><td>100.000</td><td>0.000</td><td>100.9</td></tr><tr><td>Mar. 13</td><td>June 12</td><td>91</td><td>337.1</td><td>100.7</td><td>100.000+</td><td>2/</td><td>100.0</td></tr><tr><td>Mar. 20</td><td>June 19</td><td>91</td><td>323.0</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.2</td></tr><tr><td>Mar. 27</td><td>June 26</td><td>91</td><td>289.4</td><td>100.6</td><td>100.000+</td><td>2/</td><td>101.0</td></tr><tr><td>Apr. 3</td><td>July 3</td><td>91</td><td>235.6</td><td>100.5</td><td>100.000-</td><td>0.000+</td><td>101.9</td></tr><tr><td>Apr. 10</td><td>July 10</td><td>91</td><td>263.9</td><td>100.7</td><td>100.000-</td><td>0.000+</td><td>101.3</td></tr><tr><td>Apr. 17</td><td>July 17</td><td>91</td><td>196.0</td><td>100.2</td><td>100.000-</td><td>0.001</td><td>100.2</td></tr><tr><td>Apr. 24</td><td>July 24</td><td>91</td><td>182.5</td><td>100.0</td><td>99.999</td><td>0.004</td><td>100.3</td></tr><tr><td>May 1</td><td>July 31</td><td>91</td><td>182.4</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.2</td></tr><tr><td>May 8</td><td>Aug. 7</td><td>91</td><td>219.1</td><td>100.0</td><td>99.998</td><td>0.008</td><td>100.4</td></tr><tr><td>May 15</td><td>Aug. 14</td><td>91</td><td>218.8</td><td>100.0</td><td>99.996</td><td>0.016</td><td>100.4</td></tr><tr><td>May 22</td><td>Aug. 21</td><td>91</td><td>169.8</td><td>100.1</td><td>99.992</td><td>0.032</td><td>100.8</td></tr><tr><td>May 29</td><td>Aug. 28</td><td>91</td><td>213.8</td><td>100.2</td><td>99.983</td><td>0.067</td><td>100.5</td></tr><tr><td>June 5</td><td>Sept. 4</td><td>91</td><td>209.2</td><td>100.0</td><td>99.977</td><td>0.083</td><td>100.7</td></tr><tr><td>June 12</td><td>Sept. 11</td><td>91</td><td>244.7</td><td>100.0</td><td>99.970</td><td>0.118</td><td>100.7</td></tr><tr><td>June 19</td><td>Sept. 18</td><td>91</td><td>247.1</td><td>100.1</td><td>99.976</td><td>0.095</td><td>100.5</td></tr><tr><td>June 26</td><td>Sept. 25</td><td>91</td><td>330.1</td><td>100.2</td><td>99.988</td><td>0.046</td><td>100.6</td></tr><tr><td>July 3</td><td>Oct. 2</td><td>91</td><td>338.0</td><td>100.3</td><td>99.994</td><td>0.024</td><td>100.5</td></tr><tr><td>July 10</td><td>Oct. 9</td><td>91</td><td>287.8</td><td>100.4</td><td>99.996</td><td>0.017</td><td>100.7</td></tr><tr><td>July 17</td><td>Oct. 16</td><td>91</td><td>247.4</td><td>100.1</td><td>99.998</td><td>0.008</td><td>100.2</td></tr><tr><td>July 24</td><td>Oct. 23</td><td>91</td><td>259.9</td><td>100.4</td><td>99.998</td><td>0.006</td><td>100.0</td></tr><tr><td>July 31</td><td>Oct. 30</td><td>91</td><td>237.6</td><td>100.4</td><td>99.999</td><td>0.004</td><td>100.1</td></tr><tr><td>Aug. 7</td><td>Nov. 6</td><td>91</td><td>209.0</td><td>100.4</td><td>99.999</td><td>0.004</td><td>100.0</td></tr><tr><td>Aug. 14</td><td>Nov. 13</td><td>91</td><td>156.3</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.9</td></tr><tr><td>Aug. 21</td><td>Nov. 20</td><td>91</td><td>211.4</td><td>100.2</td><td>99.995</td><td>0.021</td><td>100.1</td></tr><tr><td>Aug. 28</td><td>Nov. 27</td><td>91</td><td>235.8</td><td>100.0</td><td>99.993</td><td>0.028</td><td>100.2</td></tr><tr><td>Sept. 4</td><td>Dec. 4</td><td>91</td><td>212.9</td><td>100.1</td><td>99.991</td><td>0.036</td><td>100.0</td></tr><tr><td>Sept. 11</td><td>Dec. 11</td><td>91</td><td>255.5</td><td>100.1</td><td>99.990</td><td>0.038</td><td>100.0</td></tr><tr><td>Sept. 18</td><td>Dec. 18</td><td>91</td><td>283.3</td><td>100.3</td><td>99.992</td><td>0.032</td><td>100.1</td></tr><tr><td>Sept. 25</td><td>Dec. 26</td><td>92</td><td>322.1</td><td>100.0</td><td>99.997</td><td>0.013</td><td>100.2</td></tr><tr><td>Oct. 2</td><td>1941-Jan. 2</td><td>92</td><td>372.5</td><td>101.5</td><td>100.000</td><td>0.000</td><td>100.3</td></tr><tr><td>Oct. 9</td><td>Jan. 8</td><td>91</td><td>500.7</td><td>101.9</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Oct. 16</td><td>Jan. 15</td><td>91</td><td>475.6</td><td>100.6</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Oct. 23</td><td>Jan. 22</td><td>91</td><td>413.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Oct. 30</td><td>Jan. 29</td><td>91</td><td>383.9</td><td>100.9</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Nov. 6</td><td>Feb. 5</td><td>91</td><td>236.5</td><td>100.1</td><td>100.000-</td><td>0.002</td><td>100.4</td></tr><tr><td>Nov. 13 3/</td><td>Feb. 13</td><td>92</td><td>285.6</td><td>100.4</td><td>99.999</td><td>0.003</td><td>100.1</td></tr><tr><td>Nov. 20 3/</td><td>Feb. 19</td><td>91</td><td>280.8</td><td>100.3</td><td>99.999</td><td>0.003</td><td>100.2</td></tr><tr><td>Nov. 27 3/</td><td>Feb. 26</td><td>91</td><td>298.6</td><td>101.3</td><td>99.999</td><td>0.004</td><td>100.0</td></tr><tr><td>Dec. 4 3/</td><td>Mar. 5</td><td>91</td><td>374.4</td><td>101.0</td><td>99.999</td><td>0.002</td><td>100.1</td></tr><tr><td>Dec. 11 3/</td><td>Mar. 12</td><td>91</td><td>406.1</td><td>101.2</td><td>100.000-</td><td>0.001</td><td>100.1</td></tr><tr><td>Dec. 18 3/</td><td>Mar. 19</td><td>91</td><td>397.9</td><td>100.3</td><td>100.000+</td><td>2/</td><td>100.3</td></tr><tr><td>Dec. 26 3/</td><td>Mar. 26</td><td>90</td><td>422.3</td><td>100.4</td><td>100.000+</td><td>2/</td><td>100.0</td></tr><tr><td>1941-Jan. 2 3/</td><td>Apr. 2</td><td>90</td><td>648.2</td><td>100.4</td><td>100.003</td><td>2/</td><td>101.5</td></tr><tr><td>Jan. 8 3/</td><td>Apr. 9</td><td>91</td><td>560.5</td><td>100.0</td><td>100.003</td><td>3/</td><td>101.9</td></tr><tr><td>Jan. 15 3/</td><td>Apr. 16</td><td>91</td><td>398.8</td><td>100.0</td><td>100.003</td><td>2/</td><td>100.6</td></tr><tr><td>Jan. 22 3/</td><td>Apr. 23</td><td>91</td><td>304.0</td><td>100.0</td><td>100.001</td><td>3/</td><td>100.5</td></tr><tr><td>Jan. 29 3/</td><td>Apr. 30</td><td>91</td><td>253.1</td><td>101.3</td><td>100.000+</td><td>3/</td><td>100.9</td></tr><tr><td>Feb. 5 3/</td><td>May 7</td><td>91</td><td>312.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Feb. 13 3/</td><td>May 14</td><td>90</td><td>227.6</td><td>100.3</td><td>100.000-</td><td>0.000+</td><td>100.4</td></tr><tr><td>Feb. 19 3/</td><td>May 21</td><td>91</td><td>209.8</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.3</td></tr><tr><td>Feb. 26 3/</td><td>May 23</td><td>91</td><td>258.1</td><td>100.1</td><td>99.989</td><td>0.043</td><td>101.3</td></tr><tr><td>Mar. 5</td><td>June 4</td><td>91</td><td>525.3</td><td>200.3</td><td>99.978</td><td>0.086</td><td>101.0</td></tr><tr><td>Mar. 12</td><td>June 11</td><td>91</td><td>452.6</td><td>200.3</td><td>99.970</td><td>0.120</td><td>101.2</td></tr><tr><td>Mar. 19</td><td>June 18</td><td>91</td><td>442.4</td><td>200.2</td><td>99.971</td><td>0.117</td><td>100.3</td></tr><tr><td>Mar. 26</td><td>June 25</td><td>91</td><td>308.8</td><td>100.4</td><td>99.984</td><td>0.065</td><td>100.4</td></tr></table>
Accounts of Public Debt Service. Figures: Annual Reports of the Secretary of the Treasury. 1/ Bank discount basis. 2/ Negative. 3/ National Defense series.
23
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding
As of March 31, 1941
(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>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>Bills (Nat. Defense Series)</td><td>903</td><td></td><td></td><td>Bills (Nat. Defense Series)</td><td>903</td><td></td><td></td></tr><tr><td>Bills (Regular Series)</td><td>701</td><td></td><td></td><td>Bills (Regular Series)</td><td>701</td><td></td><td></td></tr><tr><td>1-3/8% Notes B - 6/15/41</td><td>25</td><td></td><td></td><td>1-3/8% Notes B - 6/15/41</td><td>25</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 8/1/41</td><td>834</td><td></td><td></td><td>3-1/4% Bonds - 8/1/41</td><td>834</td><td></td><td></td></tr><tr><td>1-1/4% Notes C - 12/15/41</td><td>204</td><td></td><td></td><td>1-1/4% Notes C - 12/15/41</td><td>204</td><td></td><td></td></tr><tr><td>Total</td><td>2,667</td><td>-</td><td>2,667</td><td>Total</td><td>2,667</td><td>-</td><td>2,667</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>24</td><td></td><td></td><td>2% Notes B - 9/15/42</td><td>24</td><td></td><td></td></tr><tr><td>1-3/4% Notes C - 12/15/42</td><td>342</td><td></td><td></td><td>1-3/4% Notes C - 12/15/42</td><td>342</td><td></td><td></td></tr><tr><td>Total</td><td>1,000</td><td>-</td><td>3,667</td><td>Total</td><td>1,000</td><td>-</td><td>3,667</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% Notes D - 3/15/43</td><td>65</td><td></td><td></td><td>3/4% Notes D - 3/15/43</td><td>65</td><td></td><td></td></tr><tr><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td></tr><tr><td>3-3/8% Bonds - 6/15/43-47</td><td>1%</td><td>454</td><td></td><td>1% Notes C - 9/15/43</td><td>279</td><td></td><td></td></tr><tr><td>1-1/4% Bonds - 10/15/43-45</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>1-1/8% Notes B - 12/15/43</td><td>421</td><td>1,401</td><td></td><td>Total</td><td>1,394</td><td>-</td><td>5,061</td></tr><tr><td>Total</td><td>1,394</td><td>1,855</td><td>6,916</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></td><td></td><td>1% Notes B - 3/15/44</td><td>515</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 6/15/44-46</td><td>1%</td><td>1,519</td><td></td><td>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td></tr><tr><td>3/4% Notes D (Nat. Defense Series)- 9/15/44</td><td>635</td><td></td><td></td><td>3/4% Notes D (Nat. Defense Series)- 9/15/44</td><td>635</td><td></td><td></td></tr><tr><td>4% Bonds - 12/15/44-54</td><td>1,849</td><td>2,556</td><td>11,321</td><td>Total</td><td>1,849</td><td>-</td><td>6,910</td></tr><tr><td>Total</td><td></td><td></td><td></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></td><td></td><td>3/4% Notes A - 3/15/45</td><td>718</td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 9/15/45-47</td><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td>1,214</td><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td>1,401</td><td></td></tr><tr><td>3/4% Notes B (Nat. Defense Series)- 12/15/45</td><td>531</td><td></td><td></td><td>3/4% Notes B (Nat. Defense Series)- 12/15/45</td><td>531</td><td></td><td></td></tr><tr><td>Total</td><td>1,790</td><td>1,214</td><td>14,325</td><td>Total</td><td>1,790</td><td>1,401</td><td>10,101</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></td><td></td><td>3% Conversion bonds - 1/1/46</td><td>16</td><td></td><td></td></tr><tr><td>3-3/4% Bonds - 3/15/46-56</td><td>3% Bonds - 6/15/46-48</td><td>489</td><td>1,036</td><td>3-1/4% Bonds - 4/15/46-46</td><td>16</td><td>1,519</td><td></td></tr><tr><td>3-1/8% Bonds - 6/15/46-49</td><td>819</td><td></td><td></td><td>Total</td><td>16</td><td>1,519</td><td>11,636</td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>16,685</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></td><td></td><td>3% Conversion bonds - 1/1/47</td><td>13</td><td></td><td></td></tr><tr><td>4-1/4% Bonds - 10/15/47-52</td><td>2% Bonds - 12/15/47</td><td>759</td><td></td><td>3-3/8% Bonds - 6/15/47-47</td><td>454</td><td></td><td></td></tr><tr><td>701</td><td></td><td></td><td></td><td>2-3/4% Bonds - 9/15/47-47</td><td>1,214</td><td></td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>18,158</td><td>2% Bonds - 12/15/47</td><td>701</td><td>1,668</td><td>14,018</td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>714</td><td>1,668</td><td></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% Bonds - 3/15/48-50</td><td>1,115</td><td></td><td></td><td>3% Bonds - 6/15/46-48</td><td>1,036</td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 3/15/48-51</td><td>1,223</td><td></td><td></td><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td>1,036</td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td>571</td><td></td><td>Total</td><td>451</td><td>1,036</td><td>15,505</td></tr><tr><td>2% Bonds - 12/15/48-50</td><td>571</td><td>2,909</td><td>21,518</td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>451</td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/49-53</td><td>1,786</td><td></td><td></td><td>3-1/8% Bonds - 6/15/46-49</td><td>819</td><td></td><td></td></tr><tr><td>3-1/8% Bonds - 12/15/49-52</td><td>491</td><td></td><td></td><td>Total</td><td>819</td><td></td><td>16,324</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>23,795</td><td>1950</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/50-52</td><td>1,186</td><td></td><td></td><td>2% Bonds - 3/15/48-50</td><td>1,115</td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>24,981</td><td>2% Bonds - 12/15/48-50</td><td>571</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,686</td><td>18,010</td></tr></table>
(Continued on following page)
24
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding As of March 31, 1941 - (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>1951<br>2-3/4% Bonds - 6/15/51-54..<br>3% Bonds - 9/15/51-55..<br>2-1/4% Bonds - 12/15/51-53..<br>Total</td><td>-</td><td>1,627<br>755<br>1,118<br>3,500</td><td>28,481</td><td>1951<br>2-3/4% Bonds - 3/15/48-51..<br>Total</td><td>-</td><td>1,223<br>1,223</td><td>19,233</td></tr><tr><td>1952<br>2-1/2% Bonds - 3/15/52-54..<br>Total</td><td>-</td><td>1,002<br>1,002</td><td>29,483</td><td>1952<br>2-1/2% Bonds - 9/15/50-52..<br>4-1/4% Bonds - 10/15/47-52..<br>3-1/8% Bonds - 12/15/49-52..<br>Total</td><td>-</td><td>1,186<br>759<br>491<br>2,436</td><td>21,669</td></tr><tr><td>1953<br>2% Bonds - 6/15/53-55..<br>Total</td><td>-</td><td>725<br>725</td><td>30,208</td><td>1953<br>2-1/4% Bonds - 12/15/51-53..<br>2-1/2% Bonds - 12/15/49-53..<br>Total</td><td>-</td><td>1,118<br>1,785<br>2,904</td><td>24,573</td></tr><tr><td>1954<br>2-1/4% Bonds - 6/15/54-56..<br>Total</td><td>-</td><td>681<br>681</td><td>30,889</td><td>1954<br>2-1/2% Bonds - 3/15/52-54..<br>2-3/4% Bonds - 6/15/51-54..<br>4% Bonds - 12/15/44-54..<br>Total</td><td>-</td><td>1,002<br>1,627<br>1,037<br>3,666</td><td>28,239</td></tr><tr><td>1955<br>2-7/8% Bonds - 3/15/55-60..<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>33,500</td><td>1955<br>2% Bonds - 6/15/53-55..<br>3% Bonds - 9/15/51-55..<br>Total</td><td>-</td><td>725<br>755<br>1,480</td><td>29,719</td></tr><tr><td>1956<br>2-3/4% Bonds - 9/15/56-59..<br>Total</td><td>-</td><td>982<br>982</td><td>34,482</td><td>1956<br>3-3/4% Bonds - 3/15/46-56..<br>2-1/4% Bonds - 6/15/54-56..<br>Total</td><td>-</td><td>489<br>681<br>1,170</td><td>30,889</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>34,482</td><td>1957</td><td>-</td><td>-</td><td>30,889</td></tr><tr><td>1958<br>2-3/4% Bonds - 6/15/58-63..<br>Total</td><td>-</td><td>919<br>919</td><td>35,401</td><td>1958</td><td>-</td><td>-</td><td>30,889</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>35,401</td><td>1959<br>2-3/4% Bonds - 9/15/56-59..<br>Total</td><td>-</td><td>982<br>982</td><td>31,871</td></tr><tr><td>1960<br>2-3/4% Bonds - 12/15/60-65..<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>36,886</td><td>1960<br>2-7/8% Bonds - 3/15/55-60..<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>34,482</td></tr><tr><td>1961<br>3% Panama Canal bonds - 6/1/61......<br>Total</td><td>50<br>50</td><td>-</td><td>36,936</td><td>1961<br>3% Panama Canal bonds - 6/1/61......<br>Total</td><td>50<br>50</td><td>-</td><td>34,532</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>36,936</td><td>1962</td><td>-</td><td>-</td><td>34,532</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>36,936</td><td>1963<br>2-3/4% Bonds - 6/15/58-63..<br>Total</td><td>-</td><td>919<br>919</td><td>35,451</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>36,936</td><td>1964</td><td>-</td><td>-</td><td>35,451</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>36,936</td><td>1965<br>2-3/4% Bonds - 12/15/60-65..<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>36,936</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.
25
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>1933</td><td>$22,157,643,120</td><td>$ 742,175,955</td><td>3.350</td></tr><tr><td>1934</td><td>26,480,487,870</td><td>842,301,131</td><td>3.181</td></tr><tr><td>1935</td><td>27,645,241,088</td><td>750,678,123</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>39,885,969,732</td><td>1,036,937,397</td><td>2.600</td></tr><tr><td>1940</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583</td></tr><tr><td>1940-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>1,097,817,438</td><td>2.598</td></tr><tr><td>June</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583</td></tr><tr><td>July</td><td>43,186,483,544</td><td>1,114,872,891</td><td>2.582</td></tr><tr><td>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><tr><td>December</td><td>44,458,486,252</td><td>1,140,790,578</td><td>2.566</td></tr><tr><td>1941-January</td><td>45,320,394,574</td><td>1,151,796,977</td><td>2.541</td></tr><tr><td>February</td><td>45,535,287,070</td><td>1,157,610,751</td><td>2.542</td></tr><tr><td>March</td><td>46,580,812,461</td><td>1,178,076,621</td><td>2.529</td></tr></table>
Basis: 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
(Perceat)
<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 3/</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>1940-Mar....</td><td>2.25</td><td>2.77</td><td>.52</td><td>1941-Jan.</td><td>8</td><td>2.00</td><td>2.58</td><td>.58</td><td>1941-Mar.</td><td>17</td><td>1.97</td><td>2.69</td><td>.72</td></tr><tr><td>Apr....</td><td>2.25</td><td>2.74</td><td>.49</td><td>15</td><td>1.98</td><td>2.56</td><td>.58</td><td>18</td><td>1.97</td><td>2.69</td><td>.72</td></tr><tr><td>May....</td><td>2.38</td><td>2.87</td><td>.49</td><td>22</td><td>2.02</td><td>2.57</td><td>.55</td><td>19</td><td>1.98</td><td>2.72</td><td>.74</td></tr><tr><td>June...</td><td>2.39</td><td>2.93</td><td>.54</td><td>29</td><td>2.02</td><td>2.58</td><td>.56</td><td>20</td><td>1.99</td><td>2.74</td><td>.75</td></tr><tr><td>July....</td><td>2.28</td><td>2.85</td><td>.57</td><td>Feb.</td><td>5</td><td>2.09</td><td>2.67</td><td>.58</td><td>21</td><td>2.01</td><td>2.75</td><td>.74</td></tr><tr><td>Aug....</td><td>2.25</td><td>2.80</td><td>.55</td><td>11</td><td>2.10</td><td>2.70</td><td>.60</td><td>22</td><td>2.02</td><td>2.76</td><td>.74</td></tr><tr><td>Sept....</td><td>2.18</td><td>2.71</td><td>.53</td><td>19</td><td>2.12</td><td>2.76</td><td>.64</td><td>24</td><td>2.01</td><td>2.74</td><td>.73</td></tr><tr><td>Oct....</td><td>2.10</td><td>2.70</td><td>.60</td><td>26</td><td>2.05</td><td>2.76</td><td>.71</td><td>25</td><td>2.01</td><td>2.74</td><td>.73</td></tr><tr><td>Nov....</td><td>1.97</td><td>2.65</td><td>.68</td><td>Mar.</td><td>5</td><td>2.06</td><td>2.76</td><td>.70</td><td>26</td><td>1.99</td><td>2.74</td><td>.75</td></tr><tr><td>Dec....</td><td>1.89</td><td>2.59</td><td>.70</td><td>12</td><td>2.03</td><td>2.72</td><td>.69</td><td>27</td><td>1.99</td><td>2.74</td><td>.75</td></tr><tr><td>1941-Jan....</td><td>1.99</td><td>2.57</td><td>.58</td><td>19</td><td>1.98</td><td>2.72</td><td>.74</td><td>28</td><td>1.99</td><td>2.74</td><td>.75</td></tr><tr><td>Feb....</td><td>2.10</td><td>2.71</td><td>.61</td><td>26</td><td>1.99</td><td>2.74</td><td>.75</td><td>29</td><td>1.99</td><td>2.73</td><td>.74</td></tr><tr><td>Mar....</td><td>2.01</td><td>2.73</td><td>.72</td><td>Apr.</td><td>2</td><td>2.00</td><td>2.73</td><td>.73</td><td>31</td><td>2.00</td><td>2.73</td><td>.73</td></tr><tr><td></td><td></td><td></td><td></td><td>9</td><td>2.02</td><td>2.76</td><td>.74</td><td>Apr.</td><td>1</td><td>1.99</td><td>2.72</td><td>.73</td></tr><tr><td>Weekly 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2</td><td>2.00</td><td>2.73</td><td>.73</td></tr><tr><td>1940-Oct.</td><td>2</td><td>2.14</td><td>2.69</td><td>.55</td><td>Daily</td><td>1</td><td>2.06 r</td><td>2.76</td><td>.70 r</td><td>3</td><td>2.01</td><td>2.73</td><td>.72</td></tr><tr><td>9</td><td>2.10</td><td>5/</td><td>2.71</td><td>.61 5/</td><td>1941-Mar.</td><td>3</td><td>2.08</td><td>2.77</td><td>.69</td><td>4</td><td>2.01</td><td>2.75</td><td>.74</td></tr><tr><td>16</td><td>2.08</td><td>2.70</td><td>.62</td><td>4</td><td>2.08</td><td>2.76</td><td>.68</td><td>5</td><td>2.01</td><td>2.74</td><td>.73</td></tr><tr><td>23</td><td>2.09</td><td>2.71</td><td>.62</td><td>5</td><td>2.06</td><td>2.76</td><td>.70</td><td>7</td><td>2.01</td><td>2.74</td><td>.73</td></tr><tr><td>30</td><td>2.08</td><td>2.68</td><td>.60</td><td>6</td><td>2.04</td><td>2.73</td><td>.69</td><td>8</td><td>2.01</td><td>2.74</td><td>.73</td></tr><tr><td>Nov.</td><td>6</td><td>2.04</td><td>2.69</td><td>.65</td><td>7</td><td>2.03</td><td>2.72</td><td>.69</td><td>9</td><td>2.02</td><td>2.76</td><td>.74</td></tr><tr><td>13</td><td>1.96</td><td>2.66</td><td>.70</td><td>8</td><td>2.02</td><td>2.73</td><td>.71</td><td>10</td><td>2.02</td><td>2.76</td><td>.74</td></tr><tr><td>20</td><td>1.94</td><td>2.64</td><td>.70</td><td>10</td><td>2.00</td><td>2.74</td><td>.74</td><td>11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>27</td><td>1.92</td><td>2.62</td><td>.70</td><td>11</td><td>2.03</td><td>2.73</td><td>.70</td><td>12</td><td>2.01</td><td>2.76</td><td>.75</td></tr><tr><td>Dec.</td><td>4</td><td>1.92</td><td>2.61</td><td>.69</td><td>12</td><td>2.03</td><td>2.72</td><td>.69</td><td>14</td><td>1.99</td><td>2.77</td><td>.78</td></tr><tr><td>11</td><td>1.87</td><td>2.59</td><td>.72</td><td>13</td><td>1.99</td><td>2.72</td><td>.73</td><td>15</td><td>1.99</td><td>2.78</td><td>.79</td></tr><tr><td>18</td><td>1.89</td><td>2.57</td><td>.68</td><td>14</td><td>1.98</td><td>2.70</td><td>.72</td><td></td><td></td><td></td><td></td></tr><tr><td>24</td><td>1.89</td><td>2.59</td><td>.70</td><td>15</td><td>1.96</td><td>2.70</td><td>.74</td><td></td><td></td><td></td><td></td></tr><tr><td>31</td><td>1.88</td><td>2.57</td><td>.69</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Basic 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, July 1940, p. 27, and subsequent issues; 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, July 1940, p. 27, and subsequent issues.
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 Reflecte 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
YIELDS OF TREASURY BONDS AND NOTES APRIL 15, 1941
Based on Closing Prices
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
28
2
Assets and Liabilities of Governmental Corporations and Credit Agencies and Analysis of Proprietary Interest of the United States as of February 28, 1941
(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 rowspan="2">Privately owned</th><th colspan="5">Proprietary interest</th></tr><tr><th>Total</th><th>Guaranteed by United States (Includes moored interest)</th><th>Not guaranteed by United States</th><th colspan="3">Owned by United States</th><th colspan="2">Interagency interests</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Total</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>147.8</td><td>3.0</td><td>-</td><td>3.0</td><td>144.8</td><td>4.4</td><td>140.4</td><td>109.0</td><td>18.8</td><td>-</td><td>-</td><td>12.6</td></tr><tr><td>Commodity Credit Corporation</td><td>904.9</td><td>808.3</td><td>697.1</td><td>110.6</td><td>96.6</td><td>-</td><td>96.6</td><td>100.0</td><td>-3.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>22.7</td><td>.2</td><td>-</td><td>.2</td><td>22.5</td><td>-</td><td>22.5</td><td>24.0</td><td>-1.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>14.3</td><td>13.2</td><td>-</td><td>13.2</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>182.4</td><td>.2</td><td>-</td><td>.2</td><td>182.2</td><td>-</td><td>182.2</td><td>175.0</td><td>7.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>285.1</td><td>193.0</td><td>-</td><td>193.0</td><td>92.1</td><td>-</td><td>92.1</td><td>-</td><td>-</td><td>92.1</td><td>-</td><td>-</td></tr><tr><td>Farm Security Administration</td><td>424.0</td><td>26.9</td><td>-</td><td>26.9</td><td>397.1</td><td>-</td><td>397.1</td><td>-</td><td>-</td><td>361.6</td><td>-</td><td>15.5</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>18.3</td><td>4.5</td><td>-</td><td>4.5</td><td>13.8</td><td>-</td><td>13.8</td><td>14.0</td><td>-</td><td>-</td><td>-</td><td>-2.2</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>554.9</td><td>265.6</td><td>-</td><td>265.6</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>1,523.4</td><td>1,326.3</td><td>1,281.7</td><td>44.6</td><td>197.1</td><td>-</td><td>197.1</td><td>200.0</td><td>-</td><td>-</td><td>-</td><td>-2.9</td></tr><tr><td>Federal Home Loan Banks</td><td>301.6</td><td>120.0</td><td>-</td><td>120.0</td><td>181.6</td><td>56.9</td><td>124.7</td><td>124.7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>75.2</td><td>18.3</td><td>12.8</td><td>5.5</td><td>56.9</td><td>-</td><td>56.9</td><td>-</td><td>-</td><td>56.9</td><td>-</td><td>-</td></tr><tr><td>Federal Intermediate Credit Banks</td><td>277.9</td><td>206.6</td><td>-</td><td>206.6</td><td>71.3</td><td>-</td><td>71.3</td><td>60.0</td><td>23.9</td><td>-</td><td>-</td><td>-12.6</td></tr><tr><td>Federal Land Banks 3/</td><td>2,229.1</td><td>1,807.5</td><td>-</td><td>1,807.5</td><td>421.6</td><td>217.5</td><td>204.1</td><td>67.2</td><td>145.2</td><td>-</td><td>-</td><td>-8.3</td></tr><tr><td>Federal National Mortgage Association</td><td>192.5</td><td>88.8</td><td>-</td><td>88.8</td><td>103.7</td><td>-</td><td>103.7</td><td>10.0</td><td>7.9</td><td>-</td><td>-</td><td>85.8</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>9.6</td><td>.4</td><td>-</td><td>.4</td><td>9.2</td><td>-</td><td>9.2</td><td>-</td><td>5.1</td><td>4.1</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>129.0</td><td>1.6</td><td>-</td><td>1.6</td><td>127.4</td><td>-</td><td>127.4</td><td>100.0</td><td>27.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,689.6</td><td>2,676.7</td><td>2,628.4</td><td>48.3</td><td>12.9</td><td>-</td><td>12.9</td><td>200.0</td><td>-87.1</td><td>-</td><td>-</td><td>-100.0</td></tr><tr><td>Inland Waterways Corporation</td><td>25.0</td><td>.8</td><td>-</td><td>.8</td><td>24.2</td><td>-</td><td>24.2</td><td>12.0</td><td>12.2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Interior Department (Indian Loans)</td><td>2.6</td><td>-</td><td>-</td><td>-</td><td>2.6</td><td>-</td><td>2.6</td><td>-</td><td>-</td><td>2.6</td><td>-</td><td>-</td></tr><tr><td>Panama Railroad Company 4/</td><td>50.9</td><td>1.7</td><td>-</td><td>1.7</td><td>49.2</td><td>-</td><td>49.2</td><td>7.0</td><td>43.8</td><td>-</td><td>-</td><td>-1.6</td></tr><tr><td>Production Credit Corporations</td><td>109.5</td><td>.5</td><td>-</td><td>.5</td><td>109.0</td><td>-</td><td>109.0</td><td>105.0</td><td>4.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public Works Administration</td><td>91.6</td><td>-</td><td>-</td><td>-</td><td>91.6</td><td>-</td><td>91.6</td><td>-</td><td>-</td><td>91.6</td><td>-</td><td>-</td></tr><tr><td>Puerto Rican Reconstruction Administration</td><td>6.9</td><td>-</td><td>-</td><td>-</td><td>6.9</td><td>-</td><td>6.9</td><td>-</td><td>-</td><td>6.9</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>1,628.5</td><td>1,431.6</td><td>1,098.7</td><td>332.9</td><td>196.9</td><td>-</td><td>196.9</td><td>500.0</td><td>194.4</td><td>-</td><td>218.4</td><td>-715.9</td></tr><tr><td>Regional Agricultural Credit Corporations</td><td>22.3</td><td>1.5</td><td>-</td><td>1.5</td><td>20.8</td><td>-</td><td>20.8</td><td>5.0</td><td>15.8</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>71.0</td><td>1.7</td><td>-</td><td>1.7</td><td>69.3</td><td>-</td><td>69.3</td><td>25.0</td><td>.9</td><td>-</td><td>-</td><td>43.4</td></tr><tr><td>Rural Electrification Administration</td><td>265.3</td><td>-</td><td>-</td><td>-</td><td>265.3</td><td>-</td><td>265.3</td><td>-</td><td>-</td><td>112.5</td><td>-</td><td>152.8</td></tr><tr><td>Tennessee Valley Authority</td><td>374.9</td><td>15.5</td><td>5/</td><td>15.5</td><td>359.4</td><td>-</td><td>359.4</td><td>-</td><td>-</td><td>303.5</td><td>56.8</td><td>-9</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc. 4/</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>78.8</td><td>-</td><td>-</td><td>-</td><td>78.8</td><td>-</td><td>78.8</td><td>-</td><td>-</td><td>78.8</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>368.9</td><td>231.9</td><td>226.5</td><td>5.4</td><td>137.0</td><td>-</td><td>137.0</td><td>1.0</td><td>136.0</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>256.5</td><td>105.8</td><td>-</td><td>105.8</td><td>150.7</td><td>-</td><td>150.7</td><td>-</td><td>-</td><td>161.2</td><td>-</td><td>-10.5</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 (Sales 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>.4</td></tr><tr><td>Other Corporations 5/</td><td>94.6</td><td>1.3</td><td>-</td><td>1.3</td><td>93.3</td><td>-</td><td>93.3</td><td>23.0</td><td>-1.4</td><td>-</td><td>-</td><td>70.7</td></tr><tr><td>Interagency Items (Exclusive of proprietary interests):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due from agencies not listed above</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>276.0</td><td></td><td></td><td></td><td>-276.0</td></tr><tr><td>Due to agencies not listed above</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-24.8</td><td></td><td></td><td></td><td>24.8</td></tr><tr><td>Subtotal</td><td>13,437.0</td><td>9,353.4</td><td>5,945.8</td><td>3,407.6</td><td>4,083.6</td><td>418.1</td><td>3,665.5</td><td>2,046.9</td><td>518.7</td><td>1,547.6</td><td>275.2</td><td>-722.9</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>-446.7</td><td>-1.0</td><td></td><td></td><td></td><td>447.7</td></tr><tr><td>Total</td><td>13,437.0</td><td>9,353.4</td><td>5,945.8</td><td>3,407.6</td><td>4,083.6</td><td>418.1</td><td>3,665.5</td><td>1,600.2</td><td>517.7</td><td>1,547.6</td><td>275.2</td><td>-275.2</td></tr></table>
Source: Daily Treasury Statements.
* Less than $100,000.
1/ Excludes interagency assets and liabilities (except marketable security issues and deposits with Reconstruction Finance Corporation).
2/ Negative items represent net excess of interagency assets over interagency liabilities.
3/ Includes the assets and liabilities of the Federal land banks of Louisville and Houston which have retired the capital stock and paid-in surplus previously held by the Federal Government.
4/ Figures reported are as of December 31, 1940. Figures for February 28, 1941 not available.
5/ Obligations held by the Secretary of the Treasury are shown as interagency interests.
6/ Comprises Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation, Defense Supplies Corporation, and Defense Homes Corporation.
30
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 8 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives.....</td><td>$-20,000,000 2/</td><td>$ 4,704,955</td><td>-</td><td>-</td><td>$ 238,600</td></tr><tr><td>Commodity Credit Corporation.....</td><td>-</td><td>-</td><td>$-25,000,000</td><td>$289,158,000</td><td>-</td></tr><tr><td>Disaster Loan Corporation.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority.....</td><td>-</td><td>-</td><td>-</td><td>46,465</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>100,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Home Loan Banks.....</td><td>-</td><td>-</td><td>-</td><td>44,493,175</td><td>-</td></tr><tr><td>Federal National Mortgage Association.....</td><td>-</td><td>21,908,637</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.....</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation.....</td><td>-</td><td>-</td><td>211,477,250</td><td>500,000</td><td>-</td></tr><tr><td>RFC Mortgage Company.....</td><td>-</td><td>8,818,155</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration.....</td><td>19,445,878</td><td>29,236,090</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority.....</td><td>2,891,744</td><td>-</td><td>-</td><td>112,099,000</td><td>-</td></tr><tr><td>Other Corporations 3/.....</td><td>-</td><td>70,392,100</td><td>-</td><td>-</td><td>23,000,000</td></tr><tr><td>Total.....</td><td>$ 2,337,622</td><td>$135,059,337</td><td>$186,477,250</td><td>$446,596,640</td><td>$123,238,600</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 4/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 36,223,272</td><td>$ 662,808</td><td>$ 1,959,715</td><td>$ 23,794,350</td></tr><tr><td>Commodity Credit Corporation</td><td>$16,610,251</td><td>45,934,262</td><td>1,098,912</td><td>547,506</td><td>328,698,931</td></tr><tr><td>Disaster Loan Corporation</td><td>58,135</td><td>2,389,707</td><td>596,219</td><td>-</td><td>3,044,061</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>6,021,358</td><td>733,906</td><td>38,719</td><td>6,840,448</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>8,542,470</td><td>1,905,363</td><td>-</td><td>110,447,833</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>18,496,785</td><td>56,860,586</td><td>300,049</td><td>75,657,420</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>3,284,999</td><td>46,136,667</td><td>37,887,719</td><td>399,084</td><td>87,708,469</td></tr><tr><td>Federal Home Loan Banks</td><td>-</td><td>94,924,309</td><td>3,495,692</td><td>-</td><td>142,913,176</td></tr><tr><td>Federal National Mortgage Association</td><td>262,507</td><td>8,388,900</td><td>5,474,614</td><td>-</td><td>36,034,658</td></tr><tr><td>Federal Savings and Loan insurance Corporation</td><td>-</td><td>-</td><td>3,807,002</td><td>1,621</td><td>3,808,623</td></tr><tr><td>Home Owners' Loan Corporation</td><td>31,608,764</td><td>115,901,792</td><td>78,983,105</td><td>5,676,315</td><td>232,169,976</td></tr><tr><td>Reconstruction Finance Corporation</td><td>3,334,834</td><td>210,896,486</td><td>41,016,334</td><td>18,627,553</td><td>485,852,457</td></tr><tr><td>RFC Mortgage Company</td><td>142,392</td><td>10,079,825</td><td>1,829,791</td><td>453,795</td><td>21,323,958</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>3,047,872</td><td>2,210,320</td><td>5,830</td><td>54,545,990</td></tr><tr><td>United States Housing Authority</td><td>166,302</td><td>267,952,744</td><td>4,727,779</td><td>-</td><td>387,837,569</td></tr><tr><td>Other Corporations 3/</td><td>-</td><td>-</td><td>1</td><td>2,000</td><td>93,394,101</td></tr><tr><td>Total</td><td>$55,468,184</td><td>$875,591,449</td><td>$241,290,151</td><td>$28,012,187</td><td>$2,094,072,020</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitutes a charge against the Federal Budget.
2/ Repayment to Farm Credit Administration of portion of amount invested in Capital Stock of Central Bank for Cooperatives.
3/ Includes Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation, Defense Supplies Corporation, and Defense Homes Corporation.
4/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
31
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 8 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 91,746</td><td>-</td><td>-</td><td>$ 41,438,509</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>1,922,883</td><td>-</td><td>$ 66,333,657</td><td>225,785,875</td><td>-</td></tr><tr><td>Diaster Loan Corporation</td><td>487,905</td><td>$ 29,051</td><td>-</td><td>1,210,710</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>326,145</td><td>205,652</td><td>-</td><td>6,165,647</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>62,678</td><td>5</td><td>-</td><td>9,904,489</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>2,452,526</td><td>-</td><td>-</td><td>8,415,916</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>5,578,709</td><td>764,560</td><td>2,061,982</td><td>24,268,733</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>798,616</td><td>-</td><td>-</td><td>94,426,483</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>779,140</td><td>769,124</td><td>-</td><td>33,141,088</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporatio</td><td>172,563</td><td>4,553</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>13,744,592</td><td>19,468,529</td><td>8,708,134</td><td>15,028,903</td><td>$21,834,850</td></tr><tr><td>Reconstruction Finance Corporation</td><td>6,212,120</td><td>124,318</td><td>-</td><td>183,673,306</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>513,102</td><td>522,807</td><td>-</td><td>18,883,779</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,063,703</td><td>-</td><td>-</td><td>45,080,343</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>3,299,231</td><td>595,823</td><td>85,570</td><td>393,530,990</td><td>-</td></tr><tr><td>Other Corporations 2/</td><td>-</td><td>448,517</td><td>80,466,231</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$38,505,659</td><td>$22,932,939</td><td>$157,655,574</td><td>$1,155,954,771</td><td>$21,834,850</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-$15,065,378</td><td>-</td><td>$33,658</td><td>$1,125</td><td>$26,499,660</td></tr><tr><td>Commodity Credit Corporation.</td><td>-</td><td>$29,586,211</td><td>$2,656,013</td><td>$958,964</td><td>$327,243,603</td></tr><tr><td>Disaster Loan Corporation.</td><td>-</td><td>$1,308,714</td><td>-</td><td>$7,681</td><td>$3,044,061</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>-</td><td>$136,942</td><td>$6,332</td><td>$6,840,718</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>$45,900,000</td><td>$100,000</td><td>$50,000</td><td>$111,017,172</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>$66,615,961</td><td>-</td><td>-</td><td>$106,702</td><td>$77,591,105</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>-$45,000</td><td>-</td><td>$24,020,043</td><td>$2,258,411</td><td>$58,907,438</td></tr><tr><td>Federal Home Loan Banks.</td><td>-$3,171,577</td><td>-</td><td>$2,232,012</td><td>$4,069,626</td><td>$98,355,160</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>-</td><td>$1,200,154</td><td>$145,152</td><td>$36,034,658</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>$3,350,000</td><td>-</td><td>-</td><td>$657,793 3/</td><td>$4,184,909</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>-$24,047,150</td><td>-</td><td>$37,741,690</td><td>-</td><td>$92,479,548</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>$237,741,000</td><td>$52,064,676</td><td>$9,643,651</td><td>-</td><td>$489,459,071</td></tr><tr><td>RFC Mortgage Company.</td><td>-</td><td>-</td><td>$1,404,270</td><td>-</td><td>$21,323,958</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>-</td><td>$698,890</td><td>$7,573</td><td>$47,850,509</td></tr><tr><td>United States Housing Authority.</td><td>$770,000</td><td>-</td><td>$1,761,477</td><td>$2,799,036</td><td>$402,842,127</td></tr><tr><td>Other Corporations 2/.</td><td>-</td><td>$11,882,456</td><td>-</td><td>$596,897</td><td>$93,394,101</td></tr><tr><td>Total.</td><td>$266,147,856</td><td>$140,742,057</td><td>$81,628,800</td><td>$11,665,292</td><td>$1,897,067,798</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Includes Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation, Defense Supplies Corporation, and Defense Homes Corporation.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
32
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through February 28, 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives.</td><td>$ 30,000,000</td><td>$ 6,100,777</td><td>-</td><td>-</td><td>$ 757,900</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>Disaster Loan Corporation.</td><td>24,000,000 3/</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Electric Home and Farm Authority.</td><td>1,000,000</td><td>-</td><td>-</td><td>11,205,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.</td><td>1,000,000</td><td>-</td><td>-</td><td>-</td><td>174,000,000</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>150,000,000</td><td>-</td><td>-</td><td>-</td><td>139,299,557</td></tr><tr><td>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>Federal Home Loan Banks.</td><td>-</td><td>-</td><td>-</td><td>90,500,000</td><td>124,741,000 4/</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>81,896,369</td><td>-</td><td>85,240,000</td><td>11,000,000</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>Home Owners' Loan Corporation.</td><td>200,000,000 3/</td><td>-</td><td>-</td><td>3,114,453,550 5/</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>500,000,000</td><td>-</td><td>$218,477,250</td><td>1,096,857,000</td><td>-</td></tr><tr><td> RFC Mortgage Company.</td><td>-</td><td>41,802,384</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration.</td><td>127,949,939</td><td>157,497,575</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>35,560,313</td><td>-</td><td>-</td><td>226,256,000</td><td>-</td></tr><tr><td>Other Corporations 6/.</td><td>-</td><td>70,392,100</td><td>-</td><td>-</td><td>23,000,000</td></tr><tr><td>Total.</td><td>$1,539,638,844</td><td>$357,689,205</td><td>$218,477,250</td><td>$6,590,151,450</td><td>$597,798,457</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 226,614,148</td><td>$ 10,375,289</td><td>$ 4,301,021</td><td>$ 278,149,135</td></tr><tr><td>Commodity Credit Corporation.</td><td>$ 46,710,197</td><td>710,985,002</td><td>16,484,120</td><td>2,553,954</td><td>1,743,113,865</td></tr><tr><td>Disaster Loan Corporation.</td><td>97,616</td><td>6,676,964</td><td>1,182,042</td><td>61,822</td><td>32,019,044</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>21,066,364</td><td>3,317,594</td><td>279,621</td><td>36,868,579</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>44,400,902</td><td>8,235,734</td><td>707,120</td><td>228,343,756</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>64,493,343</td><td>296,573,314</td><td>4,246,503</td><td>654,612,717</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>12,451,824</td><td>292,521,331</td><td>407,706,062</td><td>9,577,413</td><td>2,191,644,530</td></tr><tr><td>Federal Home Loan Banks.</td><td>-</td><td>568,560,554</td><td>38,498,281</td><td>76,041,627 8/</td><td>898,341,462</td></tr><tr><td>Federal National Mortgage Association.</td><td>274,196</td><td>23,603,607</td><td>16,221,045</td><td>3,119,544</td><td>221,354,761</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>32,968,122</td><td>121,971</td><td>133,090,093</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>119,127,415</td><td>892,699,739</td><td>842,516,832</td><td>19,933,191</td><td>5,188,730,727</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>21,962,187</td><td>5,196,301,102</td><td>594,653,381</td><td>86,111,399</td><td>7,714,362,319</td></tr><tr><td>FNFC Mortgage Company.</td><td>533,913</td><td>107,590,091</td><td>11,346,104</td><td>3,230,423</td><td>189,502,975</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>5,296,148</td><td>8,243,807</td><td>6,356</td><td>298,993,825</td></tr><tr><td>United States Housing Authority.</td><td>951,401</td><td>446,122,804</td><td>17,089,478</td><td>177,523</td><td>726,157,519</td></tr><tr><td>Other Corporations 6/.</td><td>-</td><td>-</td><td>1</td><td>2,000</td><td>93,394,101</td></tr><tr><td>Total.</td><td>$202,108,749</td><td>$8,606,932,099</td><td>$2,305,411,866</td><td>$210,471,488</td><td>$20,628,679,408</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only cases in this statement which constitute a charge against the Federal Budget.
2/ Includes $3,000,000 H.L.R.A.; $97,000,000 R.F.C. included in notes canceled by the Treasury (See footnote 3); and $170,128,591.77 restoration of Capital Impairment, which is not a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 15th Congress, approved March 8, 1938.
3/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 24, 1938.
4/ The Reconstruction Finance Corporation purchased the stock of the Federal Home Loan Banks from the Treasury Department on February 20, 1941. The net effect of this transaction is the same as a sale of stock to other agencies, and is shown as such for purposes of this report.
5/ Retirement of those obligations shown as "Retirement of obligations issued in exchange for mortgages" in the statement of uses of funds.
6/ Includes Metale Reserve Company, Rubber Reserve Company, Defense Plant Corporations, Defense Supplies Corporation, and Defense Homes Corporation.
7/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
8/ Includes $45,125,650 paid in capital stock held by member institutions.
33
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through February 28, 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives.</td><td>$ 825,605</td><td>-</td><td>-</td><td>$ 245,769,936</td><td>-</td></tr><tr><td>Commodity Credit Corporation.</td><td>6,464,900</td><td>-</td><td>$116,782,502</td><td>1,535,889,775</td><td>-</td></tr><tr><td>Disaster Loan Corporation.</td><td>2,698,045</td><td>$ 122,754</td><td>-</td><td>27,233,919</td><td>-</td></tr><tr><td>Electric Home and Farm Authority.</td><td>1,768,666</td><td>778,591</td><td>-</td><td>33,424,432</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.</td><td>437,295</td><td>2,844</td><td>-</td><td>152,584,990</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>22,409,050</td><td>-</td><td>-</td><td>161,944,093</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>67,967,397</td><td>4,185,966</td><td>12,245,792</td><td>1,017,352,064</td><td>-</td></tr><tr><td>Federal Home Loan Banks.</td><td>9,231,150</td><td>-</td><td>-</td><td>725,459,775</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>2,321,612</td><td>2,159,160</td><td>-</td><td>212,393,130</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>1,195,863</td><td>22,171</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>211,575,369</td><td>112,751,321</td><td>133,076,065</td><td>3,258,301,348</td><td>$501,479,500</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>80,294,227</td><td>6,636,706</td><td>-</td><td>6,783,866,323</td><td>-</td></tr><tr><td>RFC Mortgage Company.</td><td>4,076,219</td><td>3,723,735</td><td>-</td><td>176,558,578</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>10,341,383</td><td>-</td><td>-</td><td>266,367,631</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>13,461,161</td><td>4,871,182</td><td>26,208,834</td><td>048,870,254</td><td>-</td></tr><tr><td>Other Corporations 2/.</td><td>-</td><td>448,517</td><td>80,466,231</td><td>-</td><td>-</td></tr><tr><td>Total.</td><td>$435,068,542</td><td>$135,702,947</td><td>$368,779,424</td><td>$15,246,016,248</td><td>$501,479,500</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 3/</th><th>Allocations, radio-counts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>$ 23,788,083</td><td>-</td><td>$ 506,478</td><td>$ 3,177,519</td><td>$ 274,067,621</td></tr><tr><td>Commodity Credit Corporation.</td><td>-</td><td>$ 40,411,697</td><td>21,987,571</td><td>18,869,544</td><td>1,740,405,989</td></tr><tr><td>Disaster Loan Corporation.</td><td>-</td><td>1,958,170</td><td>-</td><td>4,556</td><td>32,018,044</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>-</td><td>342,446</td><td>193,151</td><td>36,507,286</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>72,050,000</td><td>2,362,329</td><td>593,801</td><td>228,031,259</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>415,153,797</td><td>-</td><td>-</td><td>38,909,601</td><td>638,416,541</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>761,879,840</td><td>-</td><td>254,835,275</td><td>16,375,199</td><td>2,134,841,533</td></tr><tr><td>Federal Home Loan Banks.</td><td>51,684,527</td><td>-</td><td>20,074,319</td><td>224,088</td><td>806,673,859</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>-</td><td>4,353,022</td><td>127,837</td><td>221,354,761</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>126,219,111</td><td>-</td><td>3,035,326</td><td>2,379,447</td><td>132,851,918</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>282,577,135</td><td>-</td><td>459,644,523</td><td>7,126,411</td><td>4,966,531,672</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>347,741,000</td><td>239,329,570</td><td>241,978,284</td><td>13,786,984</td><td>7,713,633,094</td></tr><tr><td>HFC Mortgage Company.</td><td>-</td><td>-</td><td>5,139,878</td><td>3,715</td><td>189,501,825</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>-</td><td>2,462,563</td><td>371,526</td><td>279,543,103</td></tr><tr><td>United States Housing Authority.</td><td>4,570,000</td><td>-</td><td>3,484,386</td><td>2,859,894</td><td>704,325,711</td></tr><tr><td>Other Corporations 2/.</td><td>-</td><td>11,882,456</td><td>-</td><td>596,897</td><td>93,394,101</td></tr><tr><td>Total.</td><td>$2,013,613,493</td><td>$365,631,893</td><td>$1,020,206,100</td><td>$105,600,170</td><td>$20,192,098,317</td></tr></table>
Sources: Reports received from the corporations and agencies. Data 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/ Includes Metale Reserve Company, Rubber Reserve Company, Defense Plant Corporation, Defense Supplies Corporation, and Defense Homes Corporation.
3/ Includes U. S. Government bonds in the amount of $179,612.01 as follows: Federal Deposit Insurance Corporation, $307,663,656; Federal Savings and Loan Insurance Corporation, $15,104,500; U. S. Housing Authority, $4,570,000; Federal Home Loan Banks, $32,213,951.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
34
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total unmatured obligations outstanding</th><th>Commodity Credit Corporation notes</th><th>Federal Farm Mortgage Corporation bonds</th><th>Federal Housing Administration debentures</th><th>Homes Owners' Loan Corporation bonds</th><th>Reconstruction Finance Corporation notes</th><th>United States Housing Authority notes</th></tr><tr><td>1934</td><td>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>298.9</td><td>-</td></tr><tr><td>1939</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>819.7</td><td>114.2</td></tr><tr><td>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>1940-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><tr><td>December</td><td>5,901.4</td><td>696.2</td><td>1,269.4</td><td>12.9</td><td>2,599.8</td><td>1,096.8</td><td>226.3</td></tr><tr><td>1941-January</td><td>5,900.8</td><td>696.2</td><td>1,269.4</td><td>12.3</td><td>2,599.8</td><td>1,096.8</td><td>226.3</td></tr><tr><td>February</td><td>5,901.1</td><td>696.2</td><td>1,269.4</td><td>12.6</td><td>2,599.8</td><td>1,096.8</td><td>226.3</td></tr><tr><td>March</td><td>5,904.6</td><td>696.2</td><td>1,269.4</td><td>16.0</td><td>2,599.8</td><td>1,096.9</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 subscription tendered</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>For cash</th><th colspan="2">In exchange for</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>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></tr><tr><td>Commodity Credit Corporation</td><td>May 2, 1938<br>Aug. 1, 1939<br>Nov. 2, 1939<br>Aug. 1, 1940</td><td>3/4<br>5/8<br>1<br>3/4</td><td>1 yr., 6 mos.<br>2 yrs.<br>2 yrs., 13 days<br>2 yrs., 9 mos.</td><td>Nov. 2, 1939<br>Aug. 1, 1941<br>Nov. 15, 1941<br>May 1, 1943</td><td>-</td><td>206<br>203<br>204<br>289</td><td>1,839<br>2,853<br>-<br>3,185</td><td>148<br>203<br>-<br>289</td><td>-<br>-<br>-<br>-</td><td>58<br>-<br>204<br>-</td><td>Aug. 2, 1937<br>-<br>May 2, 1938<br>-</td><td>1<br>-<br>3/4<br>-</td><td>May 2, 1938<br>-<br>Nov. 2, 1939<br>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>July 25, 1934 1/ (Add. 5/15/34) 2/<br>Sept. 3, 1935 1/</td><td>3<br>1-1/2</td><td>10-15 yrs.<br>4 yrs.</td><td>May 15, 1944<br>May 15, 1949<br>Sept. 1, 1939</td><td>100<br>85</td><td>-<br>-</td><td>195<br>86</td><td>100<br>85</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>Aug. 15, 1934 1/<br>Aug. 15, 1934 1/<br>Aug. 15, 1934 1/<br>June 1, 1935<br>May 15, 1939<br>May 15, 1939<br>June 1, 1939</td><td>1-1/2<br>1-3/4<br>2<br>1-1/2<br>3/8<br>5/8<br>1-1/2</td><td>2 yrs.<br>3 yrs.<br>4 yrs.<br>4 yrs.<br>1 yr.<br>2 yrs.<br>6-8 yrs.</td><td>Aug. 15, 1936<br>Aug. 15, 1937<br>Aug. 15, 1938<br>June 1, 1939<br>May 15, 1940<br>May 15, 1941<br>June 1, 1945<br>June 1, 1947</td><td>50<br>50<br>50<br>325 3/</td><td>-<br>-<br>-<br>128<br>-<br>192<br>764 4/</td><td>124<br>48<br>60<br>-<br>-<br>-<br>-</td><td>50<br>50<br>50<br>80<br>-<br>-<br>77</td><td>-<br>-<br>-<br>245<br>128<br>192<br>687</td><td>-<br>-<br>-<br>-<br>-<br>-<br>-</td><td>-<br>-<br>-<br>July 1, 1933<br>June 1, 1935<br>June 1, 1935<br>Aug. 1, 1934</td><td>4<br>1-1/2<br>1-1/2<br>2-3/4</td><td>July 1, 1935<br>June 1, 1939<br>June 1, 1939<br>Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.</td><td>July 20, 1938<br>Nov. 1, 1938<br>Feb. 15, 1939<br>Nov. 10, 1939<br>Apr. 17, 1941<br>Apr. 17, 1941</td><td>7/8<br>7/8<br>7/8<br>1<br>7/8<br>1-1/8</td><td>3 yrs.<br>3 yrs.<br>2 yrs., 11 mos.<br>2 yrs., 7 mos.<br>18 mos.<br>2 yrs., 3 mos.</td><td>July 20, 1941<br>Nov. 1, 1941<br>Jan. 15, 1942<br>July 1, 1942<br>Oct. 15, 1942<br>July 15, 1943</td><td>-</td><td>211<br>297<br>310<br>276<br>320<br>324</td><td>2,627<br>-<br>2,567<br>3,619<br>2,047<br>3,561</td><td>211<br>-<br>310<br>276<br>320<br>324</td><td>-<br>-<br>-<br>-<br>-<br>-</td><td>297 5/</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td>U. S. Housing Authority</td><td>Feb. 1, 1939<br>Nov. 1, 1940</td><td>1-3/8<br>1/4</td><td>5 yrs.<br>1 yr.</td><td>Feb. 1, 1944<br>Nov. 1, 1941</td><td>-</td><td>114<br>112</td><td>2,774<br>1,860</td><td>114<br>112</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</td><td>-<br>-</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 71/2% 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.
35
Maturity Schedule of Securities Guaranteed by the United States
As of March 31, 1941
(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 2/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security 2/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941<br>5/8% HOLC Bonds L - 5/15/41......<br>7/8% EPC Notes N - 7/20/41......<br>5/8% CCC Notes D - 8/1/41......<br>7/8% EPC Notes P - 11/1/41......<br>1/4% USHA Notes E - 11/1/41......<br>1% CCC Notes E - 11/15/41......</td><td>191<br>211<br>203<br>300<br>112<br>204</td><td></td><td></td><td>1941<br>5/8% HOLC Bonds L - 5/15/41......<br>7/8% EPC Notes N - 7/20/41......<br>5/8% CCC Notes D - 8/1/41......<br>7/8% EPC Notes P - 11/1/41......<br>1/4% USHA Notes E - 11/1/41......<br>1% CCC Notes E - 11/15/41......</td><td>191<br>211<br>203<br>300<br>112<br>204</td><td></td><td></td></tr><tr><td>Total..............</td><td>1,221</td><td>-</td><td>1,221</td><td>Total..............</td><td>1,221</td><td>-</td><td>1,221</td></tr><tr><td>1942<br>7/8% EPC Notes E - 1/15/42......<br>3% FPMC Bonds - 1/15/42-47......<br>2-3/4% FPMC Bonds - 3/1/42-47......<br>1% EPC Notes S - 7/1/42-47......<br>2-1/4% HOLC Bonds G - 7/1/42-44......</td><td>310<br>276</td><td>236<br>103<br>875</td><td></td><td>1942<br>7/8% EPC Notes E - 1/15/42......<br>1% EPC Notes S - 7/1/42......</td><td>310<br>276</td><td></td><td></td></tr><tr><td>Total..............</td><td>586</td><td>1,214</td><td>3,021</td><td>Total..............</td><td>586</td><td>-</td><td>1,807</td></tr><tr><td>1943<br>3/4% CCC Notes F - 5/1/43......</td><td>289</td><td></td><td></td><td>1943<br>3/4% CCC Notes F - 5/1/43......</td><td>289</td><td></td><td></td></tr><tr><td>Total..............</td><td>289</td><td>-</td><td>3,310</td><td>Total..............</td><td>289</td><td>-</td><td>2,096</td></tr><tr><td>1944<br>1-3/8% USHA Notes B - 2/1/44......<br>3-1/4% FPMC Bonds - 3/15/44-64......<br>3% HOLC Bonds A - 5/1/44-52......<br>3% FPMC Bonds - 5/15/44-49......</td><td>114<br>95<br>779<br>835</td><td></td><td></td><td>1944<br>1-3/8% USHA Notes B - 2/1/44......<br>2-1/4% HOLC Bonds G - 7/1/42-44......</td><td>114<br>875</td><td></td><td></td></tr><tr><td>Total..............</td><td>114</td><td>1,709</td><td>5,133</td><td>Total..............</td><td>114</td><td>875</td><td>3,085</td></tr><tr><td>1945<br>1-1/2% HOLC Bonds M - 6/1/45-47......</td><td></td><td>755</td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>Total..............</td><td>-</td><td>755</td><td>5,888</td><td></td><td>-</td><td>-</td><td>3,085</td></tr><tr><td>1946</td><td></td><td></td><td>5,888</td><td>1946</td><td></td><td></td><td>3,085</td></tr><tr><td>1947</td><td></td><td></td><td>5,888</td><td>1947<br>3% FPMC Bonds - 1/15/42-47......<br>2-3/4% FPMC Bonds - 3/1/42-47......<br>1-1/2% HOLC Bonds M - 6/1/45-47......</td><td>236<br>103<br>755</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total..............</td><td>1,094</td><td>-</td><td>4,179</td></tr><tr><td>1948</td><td></td><td></td><td>5,888</td><td>1948</td><td></td><td></td><td>4,179</td></tr><tr><td>1949</td><td></td><td></td><td>5,888</td><td>1949<br>3% FPMC Bonds - 5/15/44-49......</td><td>835</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total..............</td><td>835</td><td>-</td><td>5,014</td></tr><tr><td>1950-51</td><td></td><td></td><td>5,888</td><td>1950-51</td><td></td><td></td><td>5,014</td></tr><tr><td>1952</td><td></td><td></td><td>5,888</td><td>1952<br>3% HOLC Bonds A - 5/1/44-52......</td><td>779</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total..............</td><td>779</td><td>-</td><td>5,793</td></tr><tr><td>1953-63</td><td></td><td></td><td>5,888</td><td>1953-63</td><td></td><td></td><td>5,793</td></tr><tr><td>1964</td><td></td><td></td><td>5,888</td><td>1964<br>3-1/4% FPMC Bonds - 3/15/44-64......</td><td>95</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total..............</td><td>95</td><td>-</td><td>5,888</td></tr></table>
1/ Excludes (1) FRA 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 abbreviations refer to the following corporations: Home Owners' Loan Corporation, Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Farm Mortgage Corporation, and United States Housing Authority.
INTERNAL REVENUE STATISTICS
-36-
37
Collections of Internal Revenue
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th colspan="2">March</th><th colspan="2">July 1 - March 31</th><th>Sources of revenue</th><th colspan="2">March</th><th colspan="2">July 1 - March 31</th></tr><tr><th></th><th>1940</th><th>1941</th><th>Fiscal year 1940</th><th>Fiscal year 1941</th><th></th><th>1940</th><th>1941</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>274,110</td><td>494,399</td><td>685,916</td><td>1,095,137</td><td>Lubricating oils.</td><td>2,074</td><td>3,536</td><td>23,429</td><td>27,383</td></tr><tr><td>Current</td><td>19,941</td><td>27,473</td><td>117,445</td><td>134,973</td><td>Gasoline.</td><td>14,910</td><td>26,440</td><td>170,958</td><td>252,427</td></tr><tr><td>individual</td><td></td><td></td><td></td><td></td><td>Tires and inner tubes.</td><td>4,008</td><td>4,107</td><td>31,932</td><td>35,308</td></tr><tr><td>Current</td><td>346,221</td><td>557,176</td><td>682,574</td><td>985,204</td><td>Automobile trucks.</td><td>920</td><td>1,432</td><td>5,824</td><td>7,661</td></tr><tr><td>Back</td><td>9,855</td><td>12,027</td><td>69,718</td><td>80,736</td><td>Other automobiles and motorcycles.</td><td>9,765</td><td>12,472</td><td>41,176</td><td>55,391</td></tr><tr><td>Excess profits</td><td></td><td></td><td></td><td></td><td>Parts or accessories for automobiles.</td><td>848</td><td>1,287</td><td>7,292</td><td>9,416</td></tr><tr><td>Declared value excess</td><td>4,257</td><td>5,676</td><td>12,254</td><td>18,592</td><td>Electrical energy.</td><td>3,807</td><td>4,517</td><td>31,544</td><td>34,904</td></tr><tr><td>profit tax 1/.</td><td></td><td></td><td></td><td></td><td>Radio sets, etc. (including tax on phonograph records</td><td>446</td><td>485</td><td>4,829</td><td>5,321</td></tr><tr><td>Profit limiting provisions</td><td>240</td><td>182</td><td>1,109</td><td>1,817</td><td>repealed as of 7/1/38).</td><td>934</td><td>1,817</td><td>6,461</td><td>7,232</td></tr><tr><td>of Vinaon Act 1/.</td><td></td><td></td><td></td><td></td><td>Mechanical refrigerators.</td><td>149</td><td>479</td><td>2,939</td><td>3,944</td></tr><tr><td>Excess profits tax (Second</td><td>-</td><td>89,525</td><td>-</td><td>90,092</td><td>Firearms, shells, and cartridges.</td><td>6</td><td>9</td><td>58</td><td>60</td></tr><tr><td>Revenue Act of 1940).</td><td>654,624</td><td>1,186,458</td><td>1,569,016</td><td>2,406,551</td><td>Pistols and revolvers.</td><td></td><td></td><td></td><td></td></tr><tr><td>Total income taxes.</td><td>989</td><td>493</td><td>6,217</td><td>7,111</td><td>Toilet preparations, etc.</td><td>564</td><td>579</td><td>5,716</td><td>5,084</td></tr><tr><td>Tax on unjus enrichment.</td><td>192</td><td>415</td><td>131,694</td><td>165,966</td><td>(including repealed</td><td></td><td></td><td></td><td></td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>5% tax).</td><td>21</td><td>20</td><td>22</td><td>81</td></tr><tr><td>Capital stock tax.</td><td>25,231</td><td>30,050</td><td>259,096</td><td>250,723</td><td>Matches (including</td><td>38</td><td>9</td><td>232</td><td>162</td></tr><tr><td>Estate tax.</td><td>18,912</td><td>37,944</td><td>26,457</td><td>46,841</td><td>repealed taxes).</td><td></td><td></td><td></td><td></td></tr><tr><td>Gift tax.</td><td></td><td></td><td></td><td></td><td>Repealed taxes not listed</td><td></td><td></td><td></td><td></td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Total manufacturers' excise taxes.</td><td>38,490</td><td>57,185</td><td>332,412</td><td>444,374</td></tr><tr><td>Distilled spirits</td><td>1,758</td><td>2,702</td><td>20,184</td><td>24,195</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>(imported, excise).</td><td></td><td></td><td></td><td></td><td>Bituminous Coal Act of 1937</td><td>419</td><td>450</td><td>3,174</td><td>3,413</td></tr><tr><td>Distilled spirit</td><td>23,612</td><td>33,099</td><td>214,368</td><td>285,205</td><td>Sugar Act of 1937.</td><td>3,800</td><td>7,405</td><td>51,926</td><td>53,279</td></tr><tr><td>(domestic, excise).</td><td>859</td><td>1,000</td><td>8,912</td><td>9,916</td><td>Telephone, telegraph,</td><td></td><td></td><td></td><td></td></tr><tr><td>Distilled spirits</td><td></td><td></td><td></td><td></td><td>radio and cable facilities,</td><td>2,600</td><td>3,201</td><td>19,684</td><td>20,225</td></tr><tr><td>rectification tax.</td><td>30</td><td>23</td><td>455</td><td>308</td><td>tie, leased wires, etc.</td><td>1,032</td><td>1,292</td><td>8,634</td><td>9,186</td></tr><tr><td>Wines, cordiale, etc.</td><td>559</td><td>958</td><td>5,374</td><td>7,680</td><td>Transportation of oil</td><td>166</td><td>198</td><td>1,500</td><td>1,654</td></tr><tr><td>(imported, excise).</td><td>26</td><td>16</td><td>906</td><td>998</td><td>by pipe line.</td><td>2,391</td><td>7,105</td><td>16,450</td><td>52,499</td></tr><tr><td>Wines, cordiale, etc.</td><td></td><td></td><td></td><td></td><td>Leases of safe-deposit</td><td>656</td><td>519</td><td>4,588</td><td>4,698</td></tr><tr><td>(domestic, excise).</td><td>61</td><td>58</td><td>4,463</td><td>5,788</td><td>boxes.</td><td>2</td><td>2</td><td>16</td><td>25</td></tr><tr><td>Brandy used for fortifying</td><td></td><td></td><td></td><td></td><td>Admission to theaters,</td><td></td><td></td><td></td><td></td></tr><tr><td>avest wines.</td><td>83</td><td>79</td><td>842</td><td>764</td><td>concerts, cabarets, etc.</td><td>80</td><td>93</td><td>1,539</td><td>1,629</td></tr><tr><td>Dealers in distilled</td><td>800</td><td>896</td><td>7,584</td><td>7,332</td><td>Club dues and initiation</td><td>30</td><td>32</td><td>329</td><td>363</td></tr><tr><td>spirits; rectifiers;</td><td>*</td><td>84</td><td>12</td><td>25,211</td><td>fees.</td><td>1,578</td><td>1,807</td><td>17,416</td><td>15,998</td></tr><tr><td>manufacturers of stills</td><td>19,292</td><td>22,765</td><td>190,248</td><td>223,019</td><td>Oleomargarine, including</td><td>*</td><td>*</td><td>5</td><td>6</td></tr><tr><td>(special taxes).</td><td>36</td><td>29</td><td>2,452</td><td>3,062</td><td>special taxes.</td><td>12,762</td><td>22,108</td><td>125,403</td><td>163,008</td></tr><tr><td>Stamps for distilled</td><td>47,116</td><td>61,709</td><td>455,800</td><td>593,478</td><td>Narcotics, including mari-</td><td>Total miscellaneous</td><td>190,479</td><td>269,209</td><td>1,802,488</td><td>2,202,154</td></tr><tr><td>spirits intended for</td><td></td><td></td><td></td><td></td><td>huana and special taxes.</td><td>Employment taxes:</td><td></td><td></td><td></td></tr><tr><td>export.</td><td>954</td><td>1,039</td><td>9,662</td><td>9,919</td><td>Coconut and other vegetable</td><td>2,099</td><td>2,145</td><td>444,072</td><td>495,285</td></tr><tr><td>Case stamps for distilled</td><td>9</td><td>10</td><td>80</td><td>87</td><td>oils processed.</td><td>1,191</td><td>1,326</td><td>93,688</td><td>89,815</td></tr><tr><td>spirits bottled in bond.</td><td>1</td><td>1</td><td>14</td><td>9</td><td>National Firearm Act.</td><td>Total Social Security taxes</td><td>3,290</td><td>3,471</td><td>537,760</td><td>585,100</td></tr><tr><td>Container stamps.</td><td>39,062</td><td>50,468</td><td>387,064</td><td>446,983</td><td>All other, including re-</td><td>11,786</td><td>12,664</td><td>89,617</td><td>101,980</td></tr><tr><td>Floor taxes.</td><td>577</td><td>587</td><td>5,041</td><td>5,091</td><td>pealed taxes not listed</td><td>Total employment taxes.</td><td>15,076</td><td>16,135</td><td>627,377</td><td>687,080</td></tr><tr><td>Fermented malt liquors.</td><td>4,382</td><td>4,499</td><td>40,645</td><td>41,249</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>Brewers; dealers in malt</td><td>107</td><td>94</td><td>953</td><td>1,041</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>liquors (special taxes).</td><td>*</td><td>1</td><td>1</td><td>4</td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Total alcoholic beverage</td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>taxes.</td><td></td><td></td><td></td><td></td><td>Federal Insurance Contribu-</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td>tions Act (Old-age</td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large).</td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>insurance).</td><td>2,099</td><td>2,145</td><td>444,072</td><td>495,285</td></tr><tr><td>Cigars (small).</td><td>784</td><td>801</td><td>11,154</td><td>9,274</td><td>Federal Unemployment Tax</td><td>1,191</td><td>1,326</td><td>93,688</td><td>89,815</td></tr><tr><td>Cigarettes (large).</td><td>394</td><td>443</td><td>3,423</td><td>3,181</td><td>Act (Unemployment</td><td>Total Social Security taxes</td><td>3,290</td><td>3,471</td><td>537,760</td><td>585,100</td></tr><tr><td>Cigarettes (small).</td><td>17</td><td>2</td><td>152</td><td>33</td><td>insurance).</td><td>11,786</td><td>12,664</td><td>89,617</td><td>101,980</td></tr><tr><td>Snuff.</td><td>2,634</td><td>3,097</td><td>28,166</td><td>28,853</td><td>Carriers' Taxing Act of 1937.</td><td>Total employment taxes.</td><td>15,076</td><td>16,135</td><td>627,377</td><td>687,080</td></tr><tr><td>Tobacco (chewing and</td><td>4,382</td><td>4,499</td><td>40,645</td><td>41,249</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>smoking).</td><td>107</td><td>94</td><td>953</td><td>1,041</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette papers and tubes.</td><td>*</td><td>1</td><td>1</td><td>4</td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Leaf dealer penalties, etc.</td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette floor taxes.</td><td>-</td><td>2</td><td>-</td><td>4,528</td><td>Federal Insurance Contribu-</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>Total tobacco taxes.</td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>tions Act (Old-age</td><td></td><td></td><td></td><td></td></tr><tr><td>Stamp taxes:</td><td>784</td><td>801</td><td>11,154</td><td>9,274</td><td>insurance).</td><td>2,099</td><td>2,145</td><td>444,072</td><td>495,285</td></tr><tr><td>Bond, issues of capital</td><td>394</td><td>443</td><td>3,423</td><td>3,181</td><td>Federal Unemployment Tax</td><td>1,191</td><td>1,326</td><td>93,688</td><td>89,815</td></tr><tr><td>stock, deeds of convey-</td><td>17</td><td>2</td><td>152</td><td>33</td><td>Act (Unemployment</td><td>Total Social Security taxes</td><td>3,290</td><td>3,471</td><td>537,760</td><td>585,100</td></tr><tr><td>ance, etc.</td><td>2,634</td><td>3,097</td><td>28,166</td><td>28,853</td><td>insurance).</td><td>11,786</td><td>12,664</td><td>89,617</td><td>101,980</td></tr><tr><td>Transfers of capital stock</td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Carriers' Taxing Act of 1937.</td><td>Total employment taxes.</td><td>15,076</td><td>16,135</td><td>627,377</td><td>687,080</td></tr><tr><td>and similar interest sales</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>Playing cards.</td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Silver bullion sales or</td><td>784</td><td>801</td><td>11,154</td><td>9,274</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>transfers.</td><td>394</td><td>443</td><td>3,423</td><td>3,181</td><td>Federal Insurance Contribu-</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td>Sales of produce for future</td><td>17</td><td>2</td><td>152</td><td>33</td><td>tions Act (Old-age</td><td></td><td></td><td></td><td></td></tr><tr><td>delivery (repealed as</td><td>2,634</td><td>3,097</td><td>28,166</td><td>28,853</td><td>insurance).</td><td>2,099</td><td>2,145</td><td>444,072</td><td>495,285</td></tr><tr><td>of 7/1/38).</td><td>-</td><td>-</td><td>-</td><td>-</td><td>Federal Unemployment Tax</td><td>1,191</td><td>1,326</td><td>93,688</td><td>89,815</td></tr><tr><td>Total stamp taxes.</td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Act (Unemployment</td><td>Total Social Security taxes</td><td>3,290</td><td>3,471</td><td>537,760</td><td>585,100</td></tr><tr><td></td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>insurance).</td><td>11,786</td><td>12,664</td><td>89,617</td><td>101,980</td></tr><tr><td></td><td>784</td><td>801</td><td>11,154</td><td>9,274</td><td>Carriers' Taxing Act of 1937.</td><td>Total employment taxes.</td><td>15,076</td><td>16,135</td><td>627,377</td><td>687,080</td></tr><tr><td></td><td>394</td><td>443</td><td>3,423</td><td>3,181</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td></td><td>17</td><td>2</td><td>152</td><td>33</td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>2,634</td><td>3,097</td><td>28,166</td><td>28,853</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Federal Insurance Contribu-</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr><tr><td></td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>tions Act (Old-age</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>784</td><td>801</td><td>11,154</td><td>9,274</td><td>insurance).</td><td>2,099</td><td>2,145</td><td>444,072</td><td>495,285</td></tr><tr><td></td><td>394</td><td>443</td><td>3,423</td><td>3,181</td><td>Federal Unemployment Tax</td><td>1,191</td><td>1,326</td><td>93,688</td><td>89,815</td></tr><tr><td></td><td>17</td><td>2</td><td>152</td><td>33</td><td>Act (Unemployment</td><td>Total Social Security taxes</td><td>3,290</td><td>3,471</td><td>537,760</td><td>585,100</td></tr><tr><td></td><td>2,634</td><td>3,097</td><td>28,166</td><td>28,853</td><td>insurance).</td><td>11,786</td><td>12,664</td><td>89,617</td><td>101,980</td></tr><tr><td></td><td>45,092</td><td>56,701</td><td>443,460</td><td>508,911</td><td>Carriers' Taxing Act of 1937.</td><td>Total employment taxes.</td><td>15,076</td><td>16,135</td><td>627,377</td><td>687,080</td></tr><tr><td></td><td>1,489</td><td>1,851</td><td>13,437</td><td>16,360</td><td>Total internal revenue.</td><td>861,168</td><td>1,472,295</td><td>4,005,098</td><td>5,302,896</td></tr></table>
Source: Reports of collections. 
* Less than $500. 
1/ In the issues of the Treasury Bulletin previous to February 1941, the figures shown for the declared value excess profits tax (called excess profit tax prior to enactment of the Second Revenue Act of 1940) include collections under the profit-limiting provisions of the Vinson Act.
38
Collections of Internal Revenue
(In thousands of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and profits taxes</th><th colspan="3">Employment taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th>Social Security taxes 2/ Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</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>833,648</td><td>1,026,393</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1932.</td><td>1,557,729</td><td>1,056,757</td><td>427,191</td><td>629,566</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1933.</td><td>1,619,839</td><td>746,791</td><td>352,574</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934.</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935.</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936.</td><td>3,520,208</td><td>1,427,448</td><td>674,116</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937.</td><td>4,553,195</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>1940-March.</td><td>861,168</td><td>654,624</td><td>356,076</td><td>298,548</td><td>15,076</td><td>2,099</td><td>1,191</td><td>11,786</td></tr><tr><td>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>654,623</td><td>429,816</td><td>175,317</td><td>254,499</td><td>12,027</td><td>2,558</td><td>587</td><td>8,882</td></tr><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><tr><td>December.</td><td>654,095</td><td>428,305</td><td>160,364</td><td>267,941</td><td>8,204</td><td>2,892</td><td>626</td><td>4,686</td></tr><tr><td>1941-January.</td><td>371,275</td><td>65,176</td><td>25,992</td><td>39,184</td><td>100,307</td><td>74,255</td><td>25,152</td><td>900</td></tr><tr><td>February.</td><td>484,729</td><td>121,498</td><td>84,052</td><td>37,446</td><td>156,146</td><td>94,705</td><td>40,237</td><td>21,204</td></tr><tr><td>March.</td><td>1,472,295</td><td>1,186,458</td><td>569,203</td><td>617,255</td><td>16,135</td><td>2,145</td><td>1,326</td><td>12,664</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Miscellaneous internal revenue</th><th rowspan="2">Tax on unjust enrichment</th><th rowspan="2">Agricultural adjustment taxes</th></tr><tr><th>Total</th><th>Capital stock tax</th><th>Estate and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' excise taxes</th><th>Miscellaneous taxes 3/</th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>434,445</td><td>64,173</td><td>166</td><td>34,322</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>629,887</td><td>-</td><td>64,770</td><td>11,695</td><td>450,339</td><td>77,729</td><td>344</td><td>25,010</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>48,078</td><td>10,432</td><td>444,277</td><td>46,954</td><td>138</td><td>18,310</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>500,972</td><td>-</td><td>47,422</td><td>8,704</td><td>398,579</td><td>32,241</td><td>-</td><td>14,026</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>873,048</td><td>-</td><td>34,310</td><td>43,174</td><td>402,739</td><td>57,578</td><td>247,751</td><td>87,496</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>1,481,160</td><td>80,168</td><td>113,138</td><td>258,911</td><td>425,169</td><td>66,580</td><td>390,038</td><td>147,156</td><td>-</td><td>371,423</td></tr><tr><td>1935</td><td>1,667,423</td><td>91,508</td><td>212,112</td><td>411,022</td><td>459,179</td><td>43,133</td><td>342,275</td><td>108,194</td><td>-</td><td>526,222</td></tr><tr><td>1936</td><td>2,021,075</td><td>94,943</td><td>378,840</td><td>505,464</td><td>501,166</td><td>68,990</td><td>379,540</td><td>92,132</td><td>-</td><td>71,637</td></tr><tr><td>1937</td><td>2,207,608</td><td>137,499</td><td>305,548</td><td>594,245</td><td>552,254</td><td>69,919</td><td>449,854</td><td>98,289</td><td>6,073</td><td>-</td></tr><tr><td>1938</td><td>2,287,075</td><td>139,349</td><td>416,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>6,683</td><td>-</td></tr><tr><td>1940</td><td>2,377,322</td><td>132,739</td><td>360,071</td><td>624,253</td><td>608,518</td><td>38,681</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1940-March</td><td>190,479</td><td>193</td><td>44,142</td><td>47,116</td><td>45,092</td><td>2,684</td><td>38,490</td><td>12,762</td><td>989</td><td>-</td></tr><tr><td>April</td><td>171,124</td><td>312</td><td>29,326</td><td>46,798</td><td>50,742</td><td>2,840</td><td>29,606</td><td>11,500</td><td>720</td><td>-</td></tr><tr><td>May</td><td>188,871</td><td>254</td><td>24,682</td><td>50,201</td><td>55,499</td><td>3,289</td><td>41,203</td><td>13,743</td><td>846</td><td>-</td></tr><tr><td>June</td><td>214,839</td><td>478</td><td>20,510</td><td>71,454</td><td>58,817</td><td>4,387</td><td>43,867</td><td>15,326</td><td>753</td><td>-</td></tr><tr><td>July</td><td>263,982</td><td>55,614</td><td>23,579</td><td>74,959</td><td>59,325</td><td>2,746</td><td>34,668</td><td>13,091</td><td>820</td><td>-</td></tr><tr><td>August</td><td>324,390</td><td>90,397</td><td>27,168</td><td>67,976</td><td>61,337</td><td>2,336</td><td>56,478</td><td>18,698</td><td>1,013</td><td>-</td></tr><tr><td>September</td><td>211,493</td><td>14,675</td><td>18,134</td><td>62,524</td><td>54,915</td><td>2,281</td><td>41,712</td><td>17,252</td><td>1,287</td><td>-</td></tr><tr><td>October</td><td>232,260</td><td>3,954</td><td>21,881</td><td>75,712</td><td>61,385</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>53,200</td><td>3,152</td><td>65,573</td><td>22,722</td><td>606</td><td>-</td></tr><tr><td>December</td><td>216,616</td><td>252</td><td>29,732</td><td>64,219</td><td>50,332</td><td>4,169</td><td>51,167</td><td>16,745</td><td>970</td><td>-</td></tr><tr><td>1941-January</td><td>205,130</td><td>240</td><td>30,239</td><td>52,076</td><td>59,139</td><td>4,432</td><td>40,880</td><td>18,124</td><td>662</td><td>-</td></tr><tr><td>February</td><td>206,558</td><td>158</td><td>32,477</td><td>53,053</td><td>52,577</td><td>3,532</td><td>48,471</td><td>16,290</td><td>527</td><td>-</td></tr><tr><td>March</td><td>269,209</td><td>415</td><td>67,994</td><td>61,709</td><td>56,701</td><td>3,097</td><td>57,185</td><td>22,108</td><td>493</td><td>-</td></tr></table>
Source: Reports of collections.
1/ Includes collections under the declared-value excess profits tax, the profit limiting provision of the Vinson Act, and the excess profits tax provisions of the Second Revenue Act of 1940.
2/ For the period prior to September 1939 the data in the columns entitled "Federal Insurance Contributions Act" and "Federal 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 dividend tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
YEARLY
Fiscal Years 1929 to Date
MONTHLY
January 1940 to Date
DOLLARS
39
CUSTOMS STATISTICS
- 40 -
41
Customs Duties and Taxes Collected, and Values of Dutiable and Taxable Imports, Estimated by Tariff Schedules
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="10">Duties and taxes 1940</th><th colspan="2">1941</th></tr><tr><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Chemicals, oils and paints</td><td>19,634</td><td>12,355</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><td>621</td><td>802</td><td>935</td><td>843</td></tr><tr><td>Earths, earthenware and glassware</td><td>10,794</td><td>8,806</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><td>785</td><td>654</td><td>583</td><td>579</td></tr><tr><td>Metals and manufactures</td><td>25,749</td><td>31,161</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>3,462</td><td>2,637</td><td>3,495</td><td>3,114</td><td>3,229</td><td>2,796</td><td>2,711</td></tr><tr><td>Wood and manufactures</td><td>2,096</td><td>1,723</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><td>147</td><td>152</td><td>148</td><td>160</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>46,218</td><td>42,826</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>2,404</td><td>2,462</td><td>1,816</td><td>3,586</td><td>4,399</td></tr><tr><td>Tobacco and manufactures</td><td>23,927</td><td>22,173</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><td>1,569</td><td>1,828</td><td>2,002</td><td>1,552</td></tr><tr><td>Agricultural products and provisions</td><td>56,418</td><td>46,083</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><td>3,888</td><td>3,574</td><td>4,495</td><td>4,354</td></tr><tr><td>Spirits, wines and other beverages</td><td>34,206</td><td>32,753</td><td>1,894</td><td>2,186</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><td>3,453</td><td>3,894</td><td>1,610</td><td>1,723</td></tr><tr><td>Cotton manufactures</td><td>9,841</td><td>7,050</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><td>605</td><td>511</td><td>440</td><td>481</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>10,829</td><td>10,255</td><td>899</td><td>1,034</td><td>640</td><td>864</td><td>721</td><td>1,091</td><td>524</td><td>858</td><td>905</td><td>707</td><td>794</td><td>655</td><td>838</td></tr><tr><td>Wool and manufactures</td><td>33,624</td><td>51,601</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><td>5,032</td><td>8,252</td><td>10,820</td><td>10,664</td></tr><tr><td>Silk manufactures</td><td>2,775</td><td>2,148</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><td>196</td><td>149</td><td>148</td><td>136</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>3,090</td><td>1,260</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><td>91</td><td>141</td><td>93</td><td>90</td></tr><tr><td>Pulp, paper and booke</td><td>2,152</td><td>1,278</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><td>112</td><td>96</td><td>99</td><td>84</td></tr><tr><td>Sundries</td><td>35,245</td><td>29,558</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><td>2,416</td><td>3,011</td><td>2,201</td><td>1,990</td></tr><tr><td>Miscellaneous 2/</td><td>325</td><td>281</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><td>18</td><td>25</td><td>13</td><td>49</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>5,841</td><td>5,524</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><td>576</td><td>591</td><td>323</td><td>341</td></tr><tr><td>Fuel oil, etc. 4/</td><td>1,570</td><td>3,332</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><td>395</td><td>470</td><td>275</td><td>285</td></tr><tr><td>Motor fuel and lubricating oil</td><td>13</td><td>59</td><td>1</td><td>14</td><td>-</td><td>6</td><td>3</td><td>4</td><td>-</td><td>1</td><td>20</td><td>3</td><td>5</td><td>3</td><td>1</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>384</td><td>747</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><td>43</td><td>15</td><td>2</td><td>20</td></tr><tr><td>Seed oils</td><td>2,333</td><td>535</td><td>19</td><td>11</td><td>5</td><td>5</td><td>42</td><td>37</td><td>40</td><td>43</td><td>74</td><td>40</td><td>18</td><td>16</td><td>17</td></tr><tr><td>Oil seeds</td><td>399</td><td>285</td><td>14</td><td>23</td><td>15</td><td>22</td><td>55</td><td>17</td><td>12</td><td>16</td><td>14</td><td>19</td><td>22</td><td>23</td><td>19</td></tr><tr><td>Animal, fish, and coconut oils</td><td>1</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>Copper</td><td>678</td><td>6,153</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>961</td><td>965</td><td>700</td><td>1,285</td></tr><tr><td>Lumber of specified types</td><td>200</td><td>235</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>25</td><td>22</td><td>24</td><td>19</td><td>22</td></tr><tr><td>Red cedar shingles</td><td>-</td><td>81</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>32</td><td>38</td><td>11</td><td>-</td><td>-</td></tr><tr><td>Coal and related product</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>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total free list</td><td>11,428</td><td>16,954</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><td>2,097</td><td>2,119</td><td>1,366</td><td>1,990</td></tr><tr><td>Total duties and taxes</td><td>328,352</td><td>318,267</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><td>27,313</td><td>31,048</td><td>31,987</td><td>32,642</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+4,483</td><td>+11,265</td><td>+21</td><td>+563</td><td>+714</td><td>+265</td><td>+198</td><td>+1,663</td><td>+943</td><td>+186</td><td>+575</td><td>+610</td><td>-1,265</td><td>+1,270</td><td>-1,012</td></tr><tr><td>Total duties and taxes as reported in Daily Treasury Statement</td><td>332,835</td><td>329,532</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><td>27,923</td><td>29,783</td><td>33,257</td><td>31,630</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="13">Values</th></tr><tr><th colspan="2">Calendar year</th><th colspan="11">1940</th><th colspan="2">1941</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Chemicals, oils and paints</td><td>56,586</td><td>41,204</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><td>2,457</td><td>2,940</td><td>3,010</td><td>3,324</td></tr><tr><td>Earths, earthenware and glassware</td><td>25,369</td><td>22,336</td><td>1,722</td><td>1,976</td><td>1,629</td><td>1,859</td><td>1,888</td><td>1,945</td><td>1,879</td><td>1,647</td><td>1,902</td><td>1,956</td><td>1,972</td><td>1,740</td><td>1,675</td></tr><tr><td>Metals and manufactures</td><td>89,728</td><td>102,303</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><td>9,762</td><td>10,142</td><td>8,798</td><td>7,912</td></tr><tr><td>Wood and manufactures</td><td>17,002</td><td>17,461</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><td>1,709</td><td>1,690</td><td>1,580</td><td>1,729</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>90,543</td><td>87,780</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><td>5,603</td><td>3,623</td><td>7,648</td><td>9,202</td></tr><tr><td>Tobacco and manufactures</td><td>35,999</td><td>36,685</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><td>2,614</td><td>2,881</td><td>3,249</td><td>2,530</td></tr><tr><td>Agricultural products and provisions</td><td>173,808</td><td>147,228</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><td>12,372</td><td>10,966</td><td>11,808</td><td>11,317</td></tr><tr><td>Spirits, wines and other beverages</td><td>59,076</td><td>53,809</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><td>5,431</td><td>6,432</td><td>2,565</td><td>2,769</td></tr><tr><td>Cotton manufactures</td><td>27,284</td><td>20,106</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><td>1,751</td><td>1,531</td><td>1,264</td><td>1,414</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>54,765</td><td>68,033</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>6,289</td><td>5,704</td><td>4,143</td><td>4,676</td><td>3,879</td><td>5,307</td></tr><tr><td>Wool and manufactures</td><td>49,271</td><td>77,829</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><td>7,330</td><td>11,877</td><td>15,703</td><td>15,188</td></tr><tr><td>Silk manufactures</td><td>5,286</td><td>4,074</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><td>371</td><td>276</td><td>276</td><td>253</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>10,210</td><td>3,898</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><td>299</td><td>503</td><td>334</td><td>330</td></tr><tr><td>Pulp, paper and books</td><td>11,461</td><td>7,550</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><td>591</td><td>540</td><td>636</td><td>521</td></tr><tr><td>Sundries</td><td>133,270</td><td>114,957</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><td>9,500</td><td>12,687</td><td>10,119</td><td>8,744</td></tr><tr><td>Miscellaneous 2/</td><td>343</td><td>305</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>23</td><td>16</td><td>29</td><td>11</td><td>83</td></tr><tr><td>Free list 3/</td><td>38,051</td><td>86,277</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><td>9,636</td><td>10,027</td><td>7,062</td><td>8,582</td></tr><tr><td>Total value of dutiable and taxable imports</td><td>878,050</td><td>891,835</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><td>75,559</td><td>82,791</td><td>79,682</td><td>80,881</td></tr></table>
Sources: 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.
42
Customs Duties Collected, Estimated by Countries from which Imports Originated
<table><tr><th>Country from which importe originated</th><th>Calendar year 1939</th><th>Calendar year 1940</th><th colspan="10">1940</th><th colspan="3">1941</th></tr><tr><th></th><th></th><th></th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></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>9,395</td><td>4,571</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><td>207</td><td>263</td><td>128</td><td>82</td></tr><tr><td>Czechoslovakia</td><td>1,564</td><td>82</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><td>3</td><td>8</td><td>3</td><td>16</td></tr><tr><td>France</td><td>19,210</td><td>11,995</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><td>489</td><td>433</td><td>226</td><td>247</td></tr><tr><td>Germany</td><td>14,224</td><td>2,261</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><td>149</td><td>110</td><td>157</td><td>141</td></tr><tr><td>Greece</td><td>7,209</td><td>7,360</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><td>477</td><td>616</td><td>607</td><td>389</td></tr><tr><td>Italy</td><td>13,394</td><td>7,282</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><td>185</td><td>174</td><td>92</td><td>71</td></tr><tr><td>Netherlands</td><td>5,972</td><td>956</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><td>16</td><td>26</td><td>7</td><td>5</td></tr><tr><td>Norway</td><td>3,208</td><td>1,243</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><td>5</td><td>51</td><td>18</td><td>5</td></tr><tr><td>Poland</td><td>1,983</td><td>54</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><td>5</td><td>4</td><td>2</td><td>1</td></tr><tr><td>Spain</td><td>3,065</td><td>3,490</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><td>260</td><td>303</td><td>231</td><td>196</td></tr><tr><td>Sweden</td><td>1,920</td><td>1,180</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><td>48</td><td>26</td><td>40</td><td>84</td></tr><tr><td>Switzerland</td><td>11,369</td><td>10,535</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><td>806</td><td>809</td><td>719</td><td>1,018</td></tr><tr><td>U.S.S.R.</td><td>1,921</td><td>3,129</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><td>114</td><td>154</td><td>154</td><td>112</td></tr><tr><td>United Kingdom</td><td>43,783</td><td>40,018</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><td>3,693</td><td>4,227</td><td>2,599</td><td>2,529</td></tr><tr><td>Other Europe</td><td>7,103</td><td>4,770</td><td>401</td><td>339</td><td>470</td><td>348</td><td>294</td><td>373</td><td>389</td><td>443</td><td>396</td><td>401</td><td>407</td><td>333</td><td>341</td></tr><tr><td>Total Europe</td><td>145,319</td><td>98,927</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><td>6,860</td><td>7,611</td><td>5,316</td><td>5,236</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>19,688</td><td>21,766</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><td>2,649</td><td>2,635</td><td>1,995</td><td>1,993</td></tr><tr><td>Cuba</td><td>48,811</td><td>46,646</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><td>2,590</td><td>1,630</td><td>4,008</td><td>4,826</td></tr><tr><td>Dominican Republic</td><td>1,444</td><td>1,206</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><td>163</td><td>469</td><td>74</td><td>145</td></tr><tr><td>Mexico</td><td>7,819</td><td>11,937</td><td>632</td><td>843</td><td>1,349</td><td>873</td><td>652</td><td>895</td><td>716</td><td>831</td><td>1,355</td><td>1,412</td><td>1,412</td><td>1,653</td><td>1,756</td></tr><tr><td>Netherland West Indies</td><td>1,605</td><td>1,456</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><td>55</td><td>92</td><td>143</td><td>105</td></tr><tr><td>Other Countries</td><td>1,161</td><td>1,382</td><td>45</td><td>42</td><td>81</td><td>62</td><td>119</td><td>50</td><td>77</td><td>193</td><td>206</td><td>240</td><td>194</td><td>189</td><td>147</td></tr><tr><td>Total North and Central America</td><td>80,528</td><td>84,393</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><td>7,110</td><td>6,432</td><td>8,063</td><td>8,972</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>18,610</td><td>27,180</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><td>2,849</td><td>3,506</td><td>4,537</td><td>5,105</td></tr><tr><td>Brazil</td><td>3,107</td><td>4,145</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><td>419</td><td>374</td><td>587</td><td>539</td></tr><tr><td>Chile</td><td>601</td><td>5,125</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><td>753</td><td>588</td><td>401</td><td>887</td></tr><tr><td>Peru</td><td>3,082</td><td>3,876</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><td>624</td><td>518</td><td>623</td><td>434</td></tr><tr><td>Uruguay</td><td>5,604</td><td>10,519</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><td>1,036</td><td>1,621</td><td>3,617</td><td>2,972</td></tr><tr><td>Venezuela</td><td>5,267</td><td>4,388</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><td>538</td><td>658</td><td>363</td><td>391</td></tr><tr><td>Other Countries</td><td>1,424</td><td>1,932</td><td>136</td><td>203</td><td>92</td><td>118</td><td>108</td><td>139</td><td>157</td><td>134</td><td>197</td><td>210</td><td>324</td><td>291</td><td>373</td></tr><tr><td>Total South America</td><td>37,695</td><td>57,166</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><td>6,429</td><td>7,590</td><td>10,419</td><td>10,701</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>6,945</td><td>9,118</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><td>794</td><td>920</td><td>702</td><td>926</td></tr><tr><td>China</td><td>10,262</td><td>14,142</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><td>1,298</td><td>1,830</td><td>1,023</td><td>995</td></tr><tr><td>Japan</td><td>17,823</td><td>16,368</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><td>1,696</td><td>1,339</td><td>1,149</td><td>1,169</td></tr><tr><td>Turkey</td><td>8,436</td><td>8,746</td><td>614</td><td>690</td><td>690</td><td>887</td><td>765</td><td>736</td><td>816</td><td>691</td><td>729</td><td>593</td><td>827</td><td>913</td><td>545</td></tr><tr><td>Other Countries</td><td>6,716</td><td>9,076</td><td>534</td><td>619</td><td>853</td><td>791</td><td>610</td><td>727</td><td>853</td><td>779</td><td>797</td><td>1,023</td><td>690</td><td>724</td><td>665</td></tr><tr><td>Total Asia</td><td>50,182</td><td>57,450</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><td>5,404</td><td>5,606</td><td>4,511</td><td>4,299</td></tr><tr><td>Oceania</td><td>8,509</td><td>9,239</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><td>715</td><td>3,086</td><td>2,800</td><td>2,558</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>2,377</td><td>1,847</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><td>192</td><td>91</td><td>143</td><td>111</td></tr><tr><td>Gold Coast</td><td>1,375</td><td>1,392</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><td>216</td><td>131</td><td>105</td><td>46</td></tr><tr><td>Union of South Africa</td><td>1,528</td><td>6,417</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><td>302</td><td>342</td><td>494</td><td>514</td></tr><tr><td>Other Countries</td><td>838</td><td>1,435</td><td>63</td><td>68</td><td>59</td><td>74</td><td>174</td><td>42</td><td>151</td><td>219</td><td>250</td><td>85</td><td>160</td><td>136</td><td>205</td></tr><tr><td>Total Africa</td><td>6,118</td><td>11,091</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><td>795</td><td>724</td><td>879</td><td>876</td></tr><tr><td>Grand Total</td><td>328,352</td><td>318,261</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><td>27,313</td><td>31,048</td><td>31,987</td><td>32,042</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
43
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quote period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas through Mar. 29, 1941</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>32,869</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 Jan. 1, 1941</td><td>Ead</td><td>51,720</td><td>23,154</td></tr><tr><td>Other countries.</td><td>Quarter year from Jan. 1, 1941</td><td>Read</td><td>8,280</td><td>(Tariff rate quota filled)</td></tr><tr><td>Whole milk, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>3,000,000</td><td>1,481</td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>261</td></tr><tr><td>Fish, fresh or frozen, filleted, etc., cod, haddock, hais, pollock, cusk and rosefish.</td><td>Calendar year</td><td>Pound</td><td>15,000,000</td><td>2,198,827</td></tr><tr><td>Whits 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>32,859,868</td></tr><tr><td>Other.</td><td>12 months from Sept. 15, 1940</td><td>Pound</td><td>60,000,000</td><td>3,133,103</td></tr><tr><td>Silver or black foxes, furs, and articles:</td><td></td><td></td><td></td><td></td></tr><tr><td>Foxes valued under $250 each and whole furs and skins:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canada.</td><td>Month of March 1941</td><td>Number</td><td>17,500</td><td>(Import quota filled)</td></tr><tr><td>Other than Canada.</td><td>Month of March 1941</td><td>Number</td><td>7,500</td><td>(Import quota filled)</td></tr><tr><td>Tails.</td><td>12 months from Dec. 1, 1940</td><td>Piece</td><td>5,000</td><td>4,964</td></tr><tr><td>Paws, heads or other separated parts.</td><td>12 months from Dec. 1, 1940</td><td>Pound</td><td>500</td><td>(Import quota filled)</td></tr><tr><td>Piece plates.</td><td>12 months from Dec. 1, 1940</td><td>Pound</td><td>550</td><td>364</td></tr><tr><td>Articles, other than piece plates.</td><td>12 months from Dec. 1, 1940</td><td>Unit</td><td>500</td><td>34</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>4,347,347</td></tr><tr><td>Red cedar shingles.</td><td>Calendar year</td><td>Square</td><td>2,488,359</td><td>826,934</td></tr><tr><td>Molasses and sugar sirups, containing soluble non-sugar solids equal to more than 6% of total soluble solids.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oils:</td><td></td><td></td><td></td><td></td></tr><tr><td>Venezuela.</td><td>Calendar year</td><td>Gallon</td><td>1,913,049,600</td><td>459,928,695</td></tr><tr><td>Netherlands and Netherlands Indies.</td><td>Calendar year</td><td>Gallon</td><td>578,506,200</td><td>193,782,271</td></tr><tr><td>Colombia.</td><td>Calendar year</td><td>Gallon</td><td>86,956,800</td><td>10,355,189</td></tr><tr><td>Other countries.</td><td>Calendar year</td><td>Gallon</td><td>138,587,400</td><td>132,725,751</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>425,600,000</td><td>76,283,673</td></
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.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
44
45
Net Capital Movement between the United States and Foreign Countries 1935 through January 1941
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>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Asia</th><th>All other</th></tr><tr><td>NET CAPITAL MOVEMENT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>1,412,486</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</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>18,164</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-Dec. 31, 1940...</td><td>804,200</td><td>-131,664</td><td>201,579</td><td>9,980</td><td>-2,650</td><td>-14,657</td><td>138,557</td><td>169,801</td><td>370,946</td><td>182,259</td><td>123,395</td><td>124,719</td><td>2,881</td></tr><tr><td>Dec. 31, 1940-Jan. 29, 1941...</td><td>21,996</td><td>54,997</td><td>-2,879</td><td>-575</td><td>-6,047</td><td>-4,131</td><td>-21,051</td><td>-15,841</td><td>4,473</td><td>4,865</td><td>4,375</td><td>2,413</td><td>5,865</td></tr><tr><td>Total</td><td>5,847,410</td><td>1,024,584</td><td>667,421</td><td>175,315</td><td>49,336</td><td>451,479</td><td>890,459</td><td>906,907</td><td>4,165,501</td><td>416,536</td><td>611,154</td><td>558,121</td><td>96,098</td></tr><tr><td>Week ended</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-Jan. 8</td><td>-11,711</td><td>-10,442</td><td>1,010</td><td>165</td><td>-306</td><td>-2,769</td><td>3,133</td><td>-2,669</td><td>-11,878</td><td>-6,243</td><td>4,799</td><td>1,549</td><td>62</td></tr><tr><td>Jan. 15</td><td>98,434</td><td>110,691</td><td>1,537</td><td>-35</td><td>-2,004</td><td>-713</td><td>1,429</td><td>-5,327</td><td>105,578</td><td>-1,227</td><td>-302</td><td>-4,667</td><td>-948</td></tr><tr><td>Jan. 22</td><td>-23,305</td><td>-17,725</td><td>-3,192</td><td>-379</td><td>-1,204</td><td>-531</td><td>-1,540</td><td>-5,818</td><td>-30,389</td><td>3,976</td><td>-8,641</td><td>5,242</td><td>6,507</td></tr><tr><td>Jan. 29</td><td>-41,422</td><td>-27,527</td><td>-2,234</td><td>-326</td><td>-2,533</td><td>-118</td><td>-24,073</td><td>-2,027</td><td>-58,838</td><td>8,359</td><td>8,519</td><td>294</td><td>244</td></tr><tr><td>Total</td><td>21,996</td><td>54,997</td><td>-2,879</td><td>-575</td><td>-6,047</td><td>-4,131</td><td>-21,051</td><td>-15,841</td><td>4,473</td><td>4,865</td><td>4,375</td><td>2,413</td><td>5,865</td></tr><tr><td>MOVEMENT IN SHORT-TERM BANKING FUNDS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>964,629</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30, 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-Dec. 31, 1940...</td><td>846,351</td><td>-65,787</td><td>202,651</td><td>11,034</td><td>-10,803</td><td>-25,805</td><td>135,714</td><td>155,082</td><td>402,085</td><td>163,398</td><td>101,899</td><td>175,251</td><td>3,717</td></tr><tr><td>Dec. 31, 1940-Jan. 29, 1941...</td><td>42,903</td><td>56,413</td><td>-2,117</td><td>-477</td><td>-1,733</td><td>-4,176</td><td>-13,005</td><td>-17,365</td><td>17,540</td><td>11,647</td><td>6,625</td><td>854</td><td>6,237</td></tr><tr><td>Total</td><td>3,970,470</td><td>618,925</td><td>530,450</td><td>168,224</td><td>22,646</td><td>173,862</td><td>488,258</td><td>636,176</td><td>2,638,541</td><td>406,063</td><td>376,223</td><td>479,974</td><td>69,669</td></tr><tr><td>Week ended</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-Jan. 8</td><td>-5,671</td><td>-10,028</td><td>947</td><td>182</td><td>178</td><td>-3,195</td><td>3,839</td><td>-3,196</td><td>-11,273</td><td>-736</td><td>4,785</td><td>1,412</td><td>141</td></tr><tr><td>Jan. 15</td><td>102,176</td><td>110,720</td><td>1,565</td><td>-29</td><td>-835</td><td>-933</td><td>2,975</td><td>-5,233</td><td>108,230</td><td>556</td><td>-646</td><td>-1,951</td><td>-1,013</td></tr><tr><td>Jan. 22</td><td>-17,088</td><td>-17,280</td><td>-2,476</td><td>-311</td><td>-221</td><td>97</td><td>-702</td><td>-6,342</td><td>-27,235</td><td>4,614</td><td>-5,907</td><td>4,958</td><td>6,482</td></tr><tr><td>Jan. 29</td><td>-36,514</td><td>-26,999</td><td>-2,153</td><td>-319</td><td>-855</td><td>-145</td><td>-19,117</td><td>-2,594</td><td>-52,182</td><td>7,213</td><td>8,393</td><td>-955</td><td>627</td></tr><tr><td>Total</td><td>42,903</td><td>56,413</td><td>-2,117</td><td>-477</td><td>-1,733</td><td>-4,176</td><td>-13,005</td><td>-17,365</td><td>17,540</td><td>11,647</td><td>6,625</td><td>854</td><td>6,237</td></tr><tr><td>MOVEMENT IN BROKERAGE BALANCES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>6,039</td><td>13</td><td>2,418</td><td>-152</td><td>123</td><td>1,265</td><td>2,455</td><td>1,431</td><td>7,553</td><td>-4,479</td><td>968</td><td>2,878</td><td>-851</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>-738</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-Dec. 31, 1940...</td><td>20,358</td><td>-2,403</td><td>-202</td><td>-99</td><td>54</td><td>4,078</td><td>-1,607</td><td>2,921</td><td>2,742</td><td>2,067</td><td>7,634</td><td>9,337</td><td>-1,422</td></tr><tr><td>Dec. 31, 1940-Jan. 29, 1941...</td><td>-2,154</td><td>118</td><td>-697</td><td>2</td><td>-14</td><td>-72</td><td>-257</td><td>975</td><td>55</td><td>-353</td><td>-2,442</td><td>288</td><td>298</td></tr><tr><td>Total</td><td>98,765</td><td>17,081</td><td>19,201</td><td>-218</td><td>174</td><td>13,320</td><td>15,900</td><td>8,913</td><td>74,371</td><td>10,371</td><td>6,802</td><td>6,273</td><td>948</td></tr><tr><td>Week ended</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-Jan. 8</td><td>413</td><td>-23</td><td>87</td><td>4</td><td>21</td><td>370</td><td>153</td><td>171</td><td>783</td><td>-311</td><td>-200</td><td>139</td><td>2</td></tr><tr><td>Jan. 15</td><td>325</td><td>114</td><td>-66</td><td>12</td><td>-29</td><td>194</td><td>179</td><td>-181</td><td>223</td><td>-25</td><td>130</td><td>-178</td><td>175</td></tr><tr><td>Jan. 22</td><td>-1,817</td><td>4</td><td>-661</td><td>-12</td><td>6</td><td>-650</td><td>99</td><td>567</td><td>-647</td><td>190</td><td>-1,457</td><td>-34</td><td>131</td></tr><tr><td>Jan. 29</td><td>-1,075</td><td>23</td><td>-57</td><td>-2</td><td>-12</td><td>14</td><td>-688</td><td>418</td><td>-304</td><td>-207</td><td>-915</td><td>351</td><td>-10</td></tr><tr><td>Total</td><td>-2,154</td><td>118</td><td>-697</td><td>2</td><td>-14</td><td>-72</td><td>-257</td><td>975</td><td>55</td><td>-353</td><td>-2,442</td><td>288</td><td>298</td></tr><tr><td>MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>316,660</td><td>149,780</td><td>23,394</td><td>-5,353</td><td>-95</td><td>50,458</td><td>55,125</td><td>12,928</td><td>286,237</td><td>2,807</td><td>3,685</td><td>21,371</td><td>2,560</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>600,693</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>531,729</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>244,626</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>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>50,650</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-Dec. 31, 1940...</td><td>-140,968</td><td>-66,837</td><td>-2,149</td><td>-868</td><td>7,648</td><td>5,406</td><td>3,417</td><td>4,405</td><td>-48,978</td><td>-15,806</td><td>-4,496</td><td>-70,058</td><td>-1,630</td></tr><tr><td>Dec. 31, 1940-Jan. 29, 1941...</td><td>-23,099</td><td>-1,721</td><td>-208</td><td>-104</td><td>-4,312</td><td>120</td><td>-7,909</td><td>-235</td><td>-14,369</td><td>-7,827</td><td>-942</td><td>75</td><td>-636</td></tr><tr><td>Total</td><td>969,681</td><td>259,500</td><td>74,222</td><td>-29,186</td><td>-1,592</td><td>233,273</td><td>340,175</td><td>64,616</td><td>941,008</td><td>-25,657</td><td>24,677</td><td>17,657</td><td>11,996</td></tr><tr><td>Week ended</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-Jan. 8</td><td>-7,194</td><td>-521</td><td>-115</td><td>-27</td><td>-505</td><td>57</td><td>-805</td><td>-16</td><td>-1,932</td><td>-4,921</td><td>-89</td><td>-257</td><td>5</td></tr><tr><td>Jan. 15</td><td>-5,950</td><td>-169</td><td>33</td><td>-18</td><td>-1,146</td><td>27</td><td>-1,937</td><td>-22</td><td>-3,232</td><td>-2,571</td><td>-238</td><td>185</td><td>-94</td></tr><tr><td>Jan. 22</td><td>-5,639</td><td>-572</td><td
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
<table><tr><th rowspan="2">DOLLARS Billions</th><th colspan="14">1938</th><th colspan="14">1939</th><th colspan="14">1940</th><th colspan="14">1941</th></tr><tr><th>MAR</th><th>NOV</th><th>SEPT</th><th>JULY</th><th>MAY</th><th>JAN</th><th>MAR</th><th>NOV</th><th>SEPT</th><th>JULY</th><th>MAY</th><th>JAN</th><th>MAR</th><th>NOV</th><th>SEPT</th><th>JULY</th><th>MAY</th><th>JAN</th><th>MAR</th><th>NOV</th><th>SEPT</th><th>JULY</th><th>MAY</th><th>JAN</th></tr><tr><td>7.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>7.0</td></tr><tr><td>6.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>6.5</td></tr><tr><td>6.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>6.0</td></tr><tr><td>5.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>5.5</td></tr><tr><td>5.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>5.0</td></tr><tr><td>4.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>4.5</td></tr><tr><td>4.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>4.0</td></tr><tr><td>3.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.5</td></tr><tr><td>3.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.0</td></tr><tr><td>2.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2.5</td></tr><tr><td>2.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2.0</td></tr><tr><td>1.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1.5</td></tr><tr><td>1.0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>1.0</td></tr><tr><td>.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>.5</td></tr><tr><td>0</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>0</td></tr><tr><td>-.5</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-.5</td></tr><tr><td>Infow to U.S.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></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</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>In Banking Funds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>In Security Transactions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>In Brokerage Balances</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Outflow from U.S.</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
46
47
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for January 1941
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>3,772,340</td><td>352,513</td><td>490,891</td><td>143,916</td><td>17,047</td><td>15,767</td><td>6,434</td><td>18,303</td><td>170,995</td><td>48,428</td><td>229,334</td><td>512,266</td><td>193,851</td><td>2,139,745</td><td>432,443</td></tr><tr><td>Jan. 15.</td><td>3,878,040</td><td>462,440</td><td>491,980</td><td>143,770</td><td>16,735</td><td>15,084</td><td>6,392</td><td>17,162</td><td>170,055</td><td>48,105</td><td>228,483</td><td>515,752</td><td>191,867</td><td>2,307,825</td><td>435,756</td></tr><tr><td>Jan. 22.</td><td>3,876,066</td><td>447,061</td><td>489,232</td><td>141,563</td><td>17,165</td><td>14,232</td><td>5,986</td><td>17,129</td><td>170,138</td><td>47,820</td><td>226,182</td><td>515,296</td><td>190,297</td><td>2,282,101</td><td>437,333</td></tr><tr><td>Jan. 29.</td><td>3,836,820</td><td>421,875</td><td>487,182</td><td>143,211</td><td>17,094</td><td>14,115</td><td>5,470</td><td>15,953</td><td>170,004</td><td>48,327</td><td>227,708</td><td>495,987</td><td>183,962</td><td>2,230,888</td><td>443,560</td></tr><tr><td>TOTAL LIABILITIES PATALE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>3,742,250</td><td>337,822</td><td>489,866</td><td>143,119</td><td>17,026</td><td>15,762</td><td>6,144</td><td>18,203</td><td>168,742</td><td>48,395</td><td>229,201</td><td>511,101</td><td>193,655</td><td>2,179,036</td><td>431,527</td></tr><tr><td>Jan. 15.</td><td>3,849,183</td><td>448,275</td><td>490,993</td><td>142,987</td><td>16,714</td><td>15,074</td><td>6,079</td><td>17,063</td><td>167,913</td><td>48,078</td><td>228,394</td><td>514,390</td><td>191,667</td><td>2,287,627</td><td>434,662</td></tr><tr><td>Jan. 22.</td><td>3,847,747</td><td>434,472</td><td>488,267</td><td>140,782</td><td>17,144</td><td>14,227</td><td>5,684</td><td>17,072</td><td>168,024</td><td>47,794</td><td>226,116</td><td>513,887</td><td>190,115</td><td>2,263,584</td><td>436,199</td></tr><tr><td>Jan. 29.</td><td>3,809,328</td><td>410,059</td><td>486,317</td><td>142,438</td><td>17,074</td><td>14,109</td><td>5,400</td><td>15,632</td><td>168,122</td><td>48,301</td><td>227,430</td><td>494,568</td><td>183,748</td><td>2,213,198</td><td>442,393</td></tr><tr><td>Deposit for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>3,592,631</td><td>330,125</td><td>481,466</td><td>140,031</td><td>16,855</td><td>15,716</td><td>5,968</td><td>17,957</td><td>168,272</td><td>47,960</td><td>227,847</td><td>495,433</td><td>191,397</td><td>2,139,037</td><td>429,237</td></tr><tr><td>Jan. 15.</td><td>3,702,474</td><td>441,199</td><td>482,603</td><td>140,056</td><td>16,580</td><td>15,071</td><td>5,911</td><td>16,819</td><td>167,486</td><td>47,793</td><td>226,729</td><td>499,361</td><td>189,956</td><td>2,249,564</td><td>432,411</td></tr><tr><td>Jan. 22.</td><td>3,696,633</td><td>427,091</td><td>482,942</td><td>137,962</td><td>17,024</td><td>14,224</td><td>5,540</td><td>16,841</td><td>167,638</td><td>47,619</td><td>224,985</td><td>499,056</td><td>182,196</td><td>2,223,118</td><td>433,930</td></tr><tr><td>Jan. 29.</td><td>3,668,078</td><td>402,272</td><td>482,258</td><td>139,925</td><td>16,965</td><td>14,106</td><td>5,197</td><td>15,377</td><td>167,772</td><td>48,211</td><td>226,401</td><td>480,864</td><td>181,779</td><td>2,181,127</td><td>440,063</td></tr><tr><td>Bill held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>100,241</td><td>4,554</td><td>863</td><td>3,079</td><td>55</td><td>3</td><td>37</td><td>234</td><td>317</td><td>412</td><td>1,345</td><td>13,734</td><td>1,261</td><td>25,894</td><td>1,905</td></tr><tr><td>Jan. 15.</td><td>98,358</td><td>4,510</td><td>847</td><td>2,922</td><td>28</td><td>3</td><td>32</td><td>233</td><td>274</td><td>262</td><td>1,208</td><td>12,954</td><td>1,185</td><td>24,458</td><td>1,843</td></tr><tr><td>Jan. 22.</td><td>98,915</td><td>4,429</td><td>789</td><td>2,811</td><td>14</td><td>3</td><td>6</td><td>220</td><td>233</td><td>153</td><td>991</td><td>13,000</td><td>1,031</td><td>23,680</td><td>1,893</td></tr><tr><td>Jan. 29.</td><td>96,367</td><td>4,966</td><td>536</td><td>2,504</td><td>3</td><td>3</td><td>29</td><td>244</td><td>205</td><td>68</td><td>1,022</td><td>12,499</td><td>1,031</td><td>23,110</td><td>1,934</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><td></td></tr><tr><td>Jan. 8.</td><td>32,720</td><td>5</td><td>3,230</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>950</td><td>88</td><td>4,344</td><td>120</td></tr><tr><td>Jan. 15.</td><td>32,720</td><td>5</td><td>3,230</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>-</td><td>950</td><td>88</td><td>4,344</td><td>120</td></tr><tr><td>Jan. 22.</td><td>29,470</td><td>5</td><td>230</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>21</td><td>-</td><td>50</td><td>650</td><td>88</td><td>1,094</td><td>120</td></tr><tr><td>Jan. 29.</td><td>28,690</td><td>5</td><td>230</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>-</td><td>-</td><td>-</td><td>58</td><td>314</td><td>120</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>16,658</td><td>3,138</td><td>4,307</td><td>9</td><td>106</td><td>43</td><td>89</td><td>12</td><td>132</td><td>23</td><td>9</td><td>984</td><td>909</td><td>9,761</td><td>265</td></tr><tr><td>Jan. 15.</td><td>15,631</td><td>2,561</td><td>4,313</td><td>9</td><td>106</td><td>-</td><td>86</td><td>11</td><td>132</td><td>23</td><td>457</td><td>1,125</td><td>438</td><td>9,261</td><td>288</td></tr><tr><td>Jan. 22.</td><td>22,729</td><td>2,947</td><td>4,306</td><td>9</td><td>106</td><td>-</td><td>88</td><td>11</td><td>132</td><td>22</td><td>90</td><td>1,181</td><td>6,800</td><td>15,692</td><td>256</td></tr><tr><td>Jan. 29.</td><td>16,193</td><td>2,816</td><td>3,293</td><td>9</td><td>106</td><td>-</td><td>174</td><td>11</td><td>124</td><td>22</td><td>7</td><td>1,205</td><td>880</td><td>8,647</td><td>276</td></tr><tr><td>TOTAL LIABILITIES PATALE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>20,090</td><td>14,691</td><td>1,025</td><td>797</td><td>21</td><td>5</td><td>290</td><td>100</td><td>2,253</td><td>33</td><td>133</td><td>1,165</td><td>196</td><td>20,709</td><td>916</td></tr><tr><td>Jan. 15.</td><td>28,857</td><td>14,165</td><td>987</td><td>783</td><td>21</td><td>10</td><td>313</td><td>99</td><td>2,142</td><td>27</td><td>89</td><td>1,362</td><td>200</td><td>20,198</td><td>1,094</td></tr><tr><td>Jan. 22.</td><td>28,319</td><td>12,589</td><td>965</td><td>781</td><td>21</td><td>5</td><td>302</td><td>57</td><td>2,114</td><td>26</td><td>66</td><td>1,409</td><td>182</td><td>18,517</td><td>1,134</td></tr><tr><td>Jan. 29.</td><td>27,492</td><td>11,816</td><td>865</td><td>773</td><td>20</td><td>6</td><td>70</td><td>321</td><td>1,882</td><td>26</td><td>278</td><td>1,419</td><td>214</td><td>17,690</td><td>1,167</td></tr><tr><td>Borrowings from foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>14,607</td><td>4,460</td><td>626</td><td>625</td><td>19</td><td>5</td><td>36</td><td>93</td><td>1,633</td><td>6</td><td>123</td><td>917</td><td>147</td><td>8,690</td><td>274</td></tr><tr><td>Jan. 15.</td><td>13,705</td><td>4,458</td><td>600</td><td>619</td><td>19</td><td>10</td><td>59</td><td>91</td><td>1,596</td><td>7</td><td>85</td><td>1,100</td><td>151</td><td>8,795</td><td>212</td></tr><tr><td>Jan. 22.</td><td>14,356</td><td>4,206</td><td>591</td><td>617</td><td>19</td><td>5</td><td>49</td><td>49</td><td>1,598</td><td>8</td><td>61</td><td>1,142</td><td>134</td><td>8,479</td><td>217</td></tr><tr><td>Jan. 29.</td><td>12,135</td><td>2,252</td><td>493</td><td>609</td><td>18</td><td>6</td><td>69</td><td>314</td><td>1,366</td><td>8</td><td>21</td><td>1,162</td><td>117</td><td>6,435</td><td>242</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>7,332</td><td>5,997</td><td>314</td><td>53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>455</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6,820</td><td>431</td></tr><tr><td>Jan. 15.</td><td>7,062</td><td>5,481</td><td>315</td><td>53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>455</td><td>-</td><td>-</td><td>1</td><td>-</td><td>6,305</td><td>695</td></tr><tr><td>Jan. 22.</td><td>5,958</td><td>4,331</td><td>299</td><td>53</td><td>-</td><td>-</td><td>-</td><td>-</td><td>455</td><td>-</td><td>-</td><td>1</td><td>-</td><td>5,139</td><td>784</td></tr><tr><td>Jan. 29.</td><td>7,289</td><td>5,609</td><td>299</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td><td>456</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,418</td><td>790</td></tr><tr><td>Other liabilities payable in foreign currencie:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8.</td><td>8,151</td><td>4,234</td><td>85</td><td>119</td><td>2</td><td>-</td><td>254</td><td>7</td><td>165</td><td>27</td><td>10</td><td>247</td><td>49</td><td>5,199</td><td>211</td></tr><tr><td>Jan. 15.</td><td>8,090</td><td>4,226</td><td>72</td><td>111</td><td>2</td><td>-</td><td>254</td><td>8</td><td>91</td><td>20</td><td>4</td><td>261</td><td>49</td><td>5,098</td><td>186</td></tr><tr><td>Jan. 22.</td><td>8,005</td><td>4,052</td><td>75</td><td>111</td><td>2</td><td>-</td><td>253</td><td>8</td><td>61</td><td>18</td><td>5</td><td>266</td><td>48</td><td>4,899</td><td>153</td></tr><tr><td>Jan. 29.</td><td>8,068</td><td>3,955</td><td>73</td><td>110</td><td>2</td><td>-</td><td>1</td><td>7</td><td>60</td><td>18</td><td>257</td><td>257</td><td>97</td><td>4,837</td><td>135</td></tr></table>
(Continued on following page)
48
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for January 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>116,331</td><td>37,723</td><td>29,166</td><td>47,878</td><td>53,963</td><td>59,806</td><td>108,093</td><td>452,960</td><td>208,089</td><td>92,605</td><td>113,254</td><td>44,387</td><td>155,616</td><td>613,951</td><td>73,241</td></tr><tr><td>Jan. 15</td><td>116,203</td><td>38,943</td><td>29,427</td><td>48,318</td><td>52,369</td><td>58,284</td><td>108,804</td><td>452,348</td><td>208,981</td><td>92,268</td><td>111,785</td><td>42,709</td><td>154,070</td><td>609,813</td><td>72,298</td></tr><tr><td>Jan. 22</td><td>115,853</td><td>41,421</td><td>27,303</td><td>50,372</td><td>51,796</td><td>52,101</td><td>109,765</td><td>448,610</td><td>209,247</td><td>92,934</td><td>124,757</td><td>43,467</td><td>158,613</td><td>629,018</td><td>79,004</td></tr><tr><td>Jan. 29</td><td>118,187</td><td>45,376</td><td>26,126</td><td>48,645</td><td>49,308</td><td>54,841</td><td>114,519</td><td>457,002</td><td>210,497</td><td>93,403</td><td>114,119</td><td>46,281</td><td>161,433</td><td>625,733</td><td>79,637</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN DOLLARS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>116,318</td><td>37,720</td><td>29,165</td><td>47,877</td><td>53,722</td><td>59,806</td><td>107,734</td><td>452,342</td><td>207,552</td><td>90,707</td><td>108,872</td><td>44,335</td><td>155,132</td><td>606,598</td><td>72,747</td></tr><tr><td>Jan. 15</td><td>116,163</td><td>38,939</td><td>29,427</td><td>48,318</td><td>52,147</td><td>58,284</td><td>108,491</td><td>451,769</td><td>208,456</td><td>90,294</td><td>108,098</td><td>42,632</td><td>153,614</td><td>603,094</td><td>72,031</td></tr><tr><td>Jan. 22</td><td>115,827</td><td>41,418</td><td>27,303</td><td>50,371</td><td>51,560</td><td>52,101</td><td>109,556</td><td>448,136</td><td>208,702</td><td>90,890</td><td>120,105</td><td>43,340</td><td>158,188</td><td>621,225</td><td>78,603</td></tr><tr><td>Jan. 29</td><td>118,064</td><td>45,365</td><td>26,126</td><td>48,630</td><td>49,115</td><td>54,841</td><td>114,336</td><td>456,477</td><td>209,935</td><td>91,550</td><td>109,379</td><td>46,171</td><td>161,020</td><td>618,055</td><td>79,205</td></tr><tr><td>Deposits for foreign accounts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>114,144</td><td>30,567</td><td>28,321</td><td>46,893</td><td>51,840</td><td>59,743</td><td>102,245</td><td>433,753</td><td>180,192</td><td>84,395</td><td>73,258</td><td>36,714</td><td>146,183</td><td>520,742</td><td>69,862</td></tr><tr><td>Jan. 15</td><td>114,010</td><td>32,671</td><td>28,611</td><td>47,301</td><td>50,402</td><td>58,206</td><td>103,158</td><td>434,359</td><td>180,776</td><td>83,833</td><td>71,719</td><td>34,675</td><td>145,944</td><td>516,947</td><td>69,193</td></tr><tr><td>Jan. 22</td><td>113,843</td><td>35,211</td><td>26,496</td><td>49,291</td><td>50,085</td><td>51,951</td><td>104,226</td><td>431,133</td><td>180,853</td><td>84,194</td><td>84,233</td><td>33,460</td><td>149,949</td><td>532,689</td><td>75,763</td></tr><tr><td>Jan. 29</td><td>116,096</td><td>39,258</td><td>24,956</td><td>47,427</td><td>47,956</td><td>54,778</td><td>108,946</td><td>439,417</td><td>182,906</td><td>84,883</td><td>75,445</td><td>35,945</td><td>152,019</td><td>531,198</td><td>76,273</td></tr><tr><td>Bill 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>Jan. 8</td><td>2,137</td><td>7,048</td><td>838</td><td>928</td><td>1,789</td><td>15</td><td>4,903</td><td>17,658</td><td>5,157</td><td>271</td><td>35,217</td><td>4,636</td><td>6,718</td><td>51,999</td><td>2,785</td></tr><tr><td>Jan. 15</td><td>2,114</td><td>6,246</td><td>810</td><td>961</td><td>1,652</td><td>30</td><td>4,748</td><td>16,561</td><td>5,505</td><td>265</td><td>35,963</td><td>4,983</td><td>6,021</td><td>52,737</td><td>2,759</td></tr><tr><td>Jan. 22</td><td>1,895</td><td>5,178</td><td>801</td><td>1,024</td><td>1,383</td><td>52</td><td>4,743</td><td>16,076</td><td>5,703</td><td>325</td><td>34,910</td><td>6,894</td><td>6,667</td><td>54,499</td><td>2,767</td></tr><tr><td>Jan. 29</td><td>1,929</td><td>6,072</td><td>1,157</td><td>1,147</td><td>1,066</td><td>33</td><td>4,763</td><td>16,167</td><td>4,860</td><td>294</td><td>32,968</td><td>7,196</td><td>7,249</td><td>52,567</td><td>2,589</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>Jan. 8</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>22,000</td><td>5,200</td><td>-</td><td>1,000</td><td>4</td><td>28,204</td><td>-</td></tr><tr><td>Jan. 15</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>22,000</td><td>5,200</td><td>-</td><td>1,000</td><td>4</td><td>28,204</td><td>-</td></tr><tr><td>Jan. 22</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>22,000</td><td>5,200</td><td>-</td><td>1,000</td><td>4</td><td>28,204</td><td>-</td></tr><tr><td>Jan. 29</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>22,000</td><td>5,200</td><td>-</td><td>1,000</td><td>4</td><td>28,204</td><td>-</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>37</td><td>105</td><td>6</td><td>19</td><td>78</td><td>48</td><td>586</td><td>879</td><td>203</td><td>841</td><td>397</td><td>1,985</td><td>2,227</td><td>5,653</td><td>100</td></tr><tr><td>Jan. 15</td><td>39</td><td>22</td><td>6</td><td>19</td><td>78</td><td>48</td><td>585</td><td>797</td><td>175</td><td>996</td><td>416</td><td>1,974</td><td>1,645</td><td>5,206</td><td>79</td></tr><tr><td>Jan. 22</td><td>89</td><td>29</td><td>6</td><td>19</td><td>77</td><td>68</td><td>587</td><td>875</td><td>146</td><td>1,171</td><td>962</td><td>1,986</td><td>1,568</td><td>5,833</td><td>73</td></tr><tr><td>Jan. 29</td><td>39</td><td>35</td><td>13</td><td>19</td><td>78</td><td>30</td><td>627</td><td>841</td><td>169</td><td>1,173</td><td>966</td><td>2,030</td><td>1,748</td><td>6,086</td><td>343</td></tr><tr><td>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>13</td><td>3</td><td>1</td><td>1</td><td>241</td><td>-</td><td>359</td><td>618</td><td>537</td><td>1,898</td><td>4,382</td><td>52</td><td>484</td><td>7,353</td><td>494</td></tr><tr><td>Jan. 15</td><td>40</td><td>4</td><td>-</td><td>-</td><td>222</td><td>-</td><td>313</td><td>579</td><td>525</td><td>1,974</td><td>3,687</td><td>77</td><td>456</td><td>6,729</td><td>267</td></tr><tr><td>Jan. 22</td><td>26</td><td>3</td><td>-</td><td>-</td><td>236</td><td>-</td><td>209</td><td>474</td><td>545</td><td>2,044</td><td>4,652</td><td>127</td><td>425</td><td>7,793</td><td>401</td></tr><tr><td>Jan. 29</td><td>123</td><td>11</td><td>-</td><td>15</td><td>193</td><td>-</td><td>183</td><td>525</td><td>562</td><td>1,853</td><td>4,740</td><td>110</td><td>413</td><td>7,678</td><td>432</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>Jan. 8</td><td>8</td><td>3</td><td>1</td><td>1</td><td>24</td><td>-</td><td>123</td><td>160</td><td>528</td><td>1,848</td><td>2,323</td><td>52</td><td>463</td><td>5,214</td><td>269</td></tr><tr><td>Jan. 15</td><td>19</td><td>4</td><td>-</td><td>-</td><td>28</td><td>-</td><td>141</td><td>192</td><td>522</td><td>1,923</td><td>1,498</td><td>77</td><td>429</td><td>4,449</td><td>57</td></tr><tr><td>Jan. 22</td><td>7</td><td>3</td><td>-</td><td>-</td><td>26</td><td>-</td><td>116</td><td>152</td><td>541</td><td>1,995</td><td>2,203</td><td>127</td><td>413</td><td>5,279</td><td>229</td></tr><tr><td>Jan. 29</td><td>102</td><td>11</td><td>-</td><td>15</td><td>3</td><td>-</td><td>88</td><td>219</td><td>560</td><td>1,793</td><td>2,171</td><td>110</td><td>397</td><td>5,031</td><td>208</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>Jan. 8</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>72</td><td>-</td><td>1</td><td>73</td><td>5</td></tr><tr><td>Jan. 15</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>52</td><td>-</td><td>1</td><td>53</td><td>5</td></tr><tr><td>Jan. 22</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>49</td><td>-</td><td>-</td><td>49</td><td>5</td></tr><tr><td>Jan. 29</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>75</td><td>-</td><td>-</td><td>75</td><td>5</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>Jan. 8</td><td>2</td><td>-</td><td>-</td><td>-</td><td>217</td><td>-</td><td>236</td><td>455</td><td>9</td><td>50</td><td>1,987</td><td>-</td><td>20</td><td>2,066</td><td>220</td></tr><tr><td>Jan. 15</td><td>18</td><td>-</td><td>-</td><td>-</td><td>194</td><td>-</td><td>172</td><td>384</td><td>3</td><td>51</td><td>2,137</td><td>-</td><td>26</td><td>2,217</td><td>205</td></tr><tr><td>Jan. 22</td><td>18</td><td>-</td><td>-</td><td>-</td><td>210</td><td>-</td><td>93</td><td>321</td><td>4</td><td>49</td><td>2,400</td><td>-</td><td>12</td><td>2,465</td><td>167</td></tr><tr><td>Jan. 29</td><td>20</td><td>-</td><td>-</td><td>-</td><td>190</td><td>-</td><td>95</td><td>305</td><td>2</td><td>60</td><td>2,494</td><td>-</td><td>16</td><td>2,572</td><td>219</td></tr></table>
49
Short-Term Foreign Assets as Reported by Banks and Bankers for January 1941
United States for January
<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>Jan. 8.</td><td>383,334</td><td>20,032</td><td>4,013</td><td>1,481</td><td>273</td><td>1,843</td><td>39,093</td><td>2,181</td><td>824</td><td>871</td><td>1,124</td><td>1,569</td><td>25,282</td><td>98,586</td><td>34,903</td></tr><tr><td>Jan. 15.</td><td>386,858</td><td>19,239</td><td>3,537</td><td>1,470</td><td>273</td><td>1,843</td><td>39,080</td><td>1,875</td><td>817</td><td>869</td><td>1,093</td><td>2,080</td><td>26,260</td><td>98,436</td><td>37,660</td></tr><tr><td>Jan. 22.</td><td>401,972</td><td>21,140</td><td>3,265</td><td>1,469</td><td>270</td><td>1,845</td><td>38,985</td><td>2,063</td><td>803</td><td>862</td><td>1,224</td><td>2,326</td><td>25,694</td><td>99,947</td><td>34,623</td></tr><tr><td>Jan. 29.</td><td>399,240</td><td>22,953</td><td>3,368</td><td>1,440</td><td>273</td><td>1,864</td><td>38,788</td><td>1,742</td><td>814</td><td>830</td><td>1,225</td><td>2,134</td><td>25,485</td><td>100,916</td><td>33,637</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>Jan. 8.</td><td>45,565</td><td>6,260</td><td>464</td><td>55</td><td>27</td><td>6</td><td>133</td><td>492</td><td>350</td><td>235</td><td>448</td><td>858</td><td>1,252</td><td>10,580</td><td>5,112</td></tr><tr><td>Jan. 15.</td><td>45,872</td><td>6,608</td><td>448</td><td>53</td><td>29</td><td>6</td><td>130</td><td>562</td><td>350</td><td>229</td><td>432</td><td>952</td><td>1,259</td><td>11,058</td><td>5,153</td></tr><tr><td>Jan. 22.</td><td>45,271</td><td>6,302</td><td>406</td><td>48</td><td>22</td><td>7</td><td>125</td><td>523</td><td>336</td><td>236</td><td>444</td><td>1,009</td><td>1,238</td><td>10,696</td><td>5,184</td></tr><tr><td>Jan. 29.</td><td>46,321</td><td>7,089</td><td>452</td><td>47</td><td>21</td><td>3</td><td>127</td><td>524</td><td>338</td><td>231</td><td>427</td><td>1,039</td><td>1,216</td><td>11,514</td><td>5,195</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>Jan. 8.</td><td>9,600</td><td>3,001</td><td>41</td><td>27</td><td>10</td><td>1</td><td>35</td><td>188</td><td>92</td><td>13</td><td>36</td><td>754</td><td>59</td><td>4,257</td><td>3,301</td></tr><tr><td>Jan. 15.</td><td>9,840</td><td>3,191</td><td>37</td><td>25</td><td>6</td><td>1</td><td>54</td><td>258</td><td>94</td><td>14</td><td>39</td><td>826</td><td>62</td><td>4,607</td><td>3,318</td></tr><tr><td>Jan. 22.</td><td>9,506</td><td>3,126</td><td>31</td><td>21</td><td>5</td><td>2</td><td>43</td><td>226</td><td>78</td><td>13</td><td>43</td><td>896</td><td>44</td><td>4,528</td><td>3,335</td></tr><tr><td>Jan. 29.</td><td>10,414</td><td>3,705</td><td>41</td><td>19</td><td>5</td><td>-</td><td>38</td><td>221</td><td>80</td><td>10</td><td>42</td><td>925</td><td>32</td><td>5,118</td><td>3,415</td></tr><tr><td>Deposite 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>Jan. 8.</td><td>28,594</td><td>795</td><td>302</td><td>10</td><td>2</td><td>-</td><td>77</td><td>233</td><td>57</td><td>85</td><td>4</td><td>9</td><td>379</td><td>1,953</td><td>1,110</td></tr><tr><td>Jan. 15.</td><td>28,694</td><td>889</td><td>289</td><td>10</td><td>2</td><td>-</td><td>55</td><td>231</td><td>58</td><td>83</td><td>4</td><td>10</td><td>374</td><td>2,005</td><td>1,183</td></tr><tr><td>Jan. 22.</td><td>28,570</td><td>834</td><td>257</td><td>10</td><td>2</td><td>-</td><td>61</td><td>231</td><td>57</td><td>83</td><td>4</td><td>15</td><td>371</td><td>1,925</td><td>1,108</td></tr><tr><td>Jan. 29.</td><td>28,583</td><td>796</td><td>290</td><td>10</td><td>2</td><td>-</td><td>67</td><td>236</td><td>57</td><td>83</td><td>4</td><td>15</td><td>354</td><td>1,914</td><td>1,105</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>Jan. 8.</td><td>7,371</td><td>2,464</td><td>121</td><td>18</td><td>15</td><td>5</td><td>21</td><td>71</td><td>201</td><td>137</td><td>408</td><td>95</td><td>814</td><td>4,370</td><td>701</td></tr><tr><td>Jan. 15.</td><td>7,298</td><td>2,528</td><td>122</td><td>18</td><td>21</td><td>5</td><td>21</td><td>73</td><td>198</td><td>132</td><td>389</td><td>116</td><td>823</td><td>4,446</td><td>652</td></tr><tr><td>Jan. 22.</td><td>7,195</td><td>2,342</td><td>118</td><td>17</td><td>15</td><td>5</td><td>21</td><td>66</td><td>201</td><td>140</td><td>397</td><td>98</td><td>823</td><td>4,243</td><td>741</td></tr><tr><td>Jan. 29.</td><td>7,324</td><td>2,588</td><td>121</td><td>18</td><td>14</td><td>3</td><td>22</td><td>67</td><td>201</td><td>138</td><td>381</td><td>99</td><td>830</td><td>4,482</td><td>675</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>Jan. 8.</td><td>337,769</td><td>13,772</td><td>3,149</td><td>1,426</td><td>246</td><td>1,837</td><td>38,960</td><td>1,689</td><td>474</td><td>636</td><td>676</td><td>711</td><td>24,030</td><td>88,006</td><td>29,791</td></tr><tr><td>Jan. 15.</td><td>341,026</td><td>12,631</td><td>3,089</td><td>1,417</td><td>244</td><td>1,837</td><td>38,950</td><td>1,313</td><td>467</td><td>640</td><td>661</td><td>1,128</td><td>25,001</td><td>87,378</td><td>32,507</td></tr><tr><td>Jan. 22.</td><td>356,701</td><td>14,838</td><td>2,859</td><td>1,421</td><td>248</td><td>1,839</td><td>38,860</td><td>1,540</td><td>467</td><td>626</td><td>780</td><td>1,317</td><td>24,456</td><td>89,251</td><td>29,439</td></tr><tr><td>Jan. 29.</td><td>352,919</td><td>15,864</td><td>2,916</td><td>1,393</td><td>252</td><td>1,861</td><td>38,661</td><td>1,218</td><td>476</td><td>599</td><td>798</td><td>1,095</td><td>24,269</td><td>89,402</td><td>28,442</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>Jan. 8.</td><td>116,408</td><td>7,780</td><td>1,066</td><td>556</td><td>-</td><td>-</td><td>11,790</td><td>1,001</td><td>19</td><td>12</td><td>27</td><td>146</td><td>11,333</td><td>33,730</td><td>2,584</td></tr><tr><td>Jan. 15.</td><td>115,566</td><td>6,841</td><td>603</td><td>555</td><td>-</td><td>-</td><td>11,768</td><td>629</td><td>11</td><td>12</td><td>17</td><td>138</td><td>12,570</td><td>33,144</td><td>4,645</td></tr><tr><td>Jan. 22.</td><td>127,864</td><td>8,858</td><td>593</td><td>560</td><td>-</td><td>-</td><td>11,950</td><td>854</td><td>11</td><td>12</td><td>17</td><td>137</td><td>11,953</td><td>34,945</td><td>3,448</td></tr><tr><td>Jan. 29.</td><td>132,969</td><td>10,330</td><td>600</td><td>558</td><td>-</td><td>-</td><td>12,343</td><td>551</td><td>10</td><td>12</td><td>17</td><td>143</td><td>11,728</td><td>36,292</td><td>2,346</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>Jan. 8.</td><td>56,851</td><td>1,995</td><td>493</td><td>-</td><td>-</td><td>-</td><td>18,407</td><td>5</td><td>4</td><td>-</td><td>279</td><td>27</td><td>559</td><td>21,769</td><td>6,959</td></tr><tr><td>Jan. 15.</td><td>56,942</td><td>1,855</td><td>493</td><td>-</td><td>-</td><td>-</td><td>18,570</td><td>5</td><td>4</td><td>-</td><td>281</td><td>39</td><td>547</td><td>21,804</td><td>6,818</td></tr><tr><td>Jan. 22.</td><td>57,301</td><td>1,934</td><td>493</td><td>-</td><td>-</td><td>-</td><td>18,299</td><td>5</td><td>4</td><td>-</td><td>293</td><td>36</td><td>585</td><td>21,649</td><td>6,604</td></tr><tr><td>Jan. 29.</td><td>56,567</td><td>1,824</td><td>493</td><td>-</td><td>-</td><td>-</td><td>17,665</td><td>5</td><td>4</td><td>-</td><td>293</td><td>43</td><td>587</td><td>20,914</td><td>6,521</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>Jan. 8.</td><td>164,510</td><td>3,997</td><td>1,990</td><td>870</td><td>246</td><td>1,837</td><td>8,763</td><td>683</td><td>451</td><td>624</td><td>370</td><td>538</td><td>12,138</td><td>32,507</td><td>20,248</td></tr><tr><td>Jan. 15.</td><td>168,518</td><td>3,925</td><td>1,993</td><td>862</td><td>244</td><td>1,837</td><td>8,612</td><td>679</td><td>452</td><td>628</td><td>363</td><td>951</td><td>11,884</td><td>32,430</td><td>21,044</td></tr><tr><td>Jan. 22.</td><td>171,536</td><td>4,046</td><td>1,773</td><td>861</td><td>248</td><td>1,839</td><td>8,611</td><td>681</td><td>452</td><td>614</td><td>470</td><td>1,144</td><td>11,918</td><td>32,657</td><td>19,327</td></tr><tr><td>Jan. 29.</td><td>163,383</td><td>3,710</td><td>1,823</td><td>835</td><td>252</td><td>1,861</td><td>8,653</td><td>662</td><td>452</td><td>587</td><td>488</td><td>909</td><td>11,954</td><td>32,196</td><td>19,575</td></tr></table>
(Continued on following page)
50
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for January 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>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>Jan. 8.</td><td>11,690</td><td>33,592</td><td>13,474</td><td>11,554</td><td>6,247</td><td>2,006</td><td>45,056</td><td>123,619</td><td>23,328</td><td>1,159</td><td>60,085</td><td>21,574</td><td>13,887</td><td>120,033</td><td>6,193</td></tr><tr><td>Jan. 15.</td><td>11,502</td><td>33,358</td><td>14,406</td><td>11,503</td><td>5,979</td><td>1,979</td><td>44,926</td><td>123,653</td><td>24,085</td><td>1,209</td><td>59,666</td><td>21,021</td><td>14,865</td><td>120,846</td><td>6,263</td></tr><tr><td>Jan. 22.</td><td>11,401</td><td>34,258</td><td>14,419</td><td>11,761</td><td>5,877</td><td>2,016</td><td>46,090</td><td>125,822</td><td>24,053</td><td>1,120</td><td>74,553</td><td>20,461</td><td>14,906</td><td>135,093</td><td>6,487</td></tr><tr><td>Jan. 29.</td><td>11,089</td><td>34,000</td><td>14,852</td><td>11,830</td><td>6,109</td><td>2,135</td><td>45,806</td><td>125,821</td><td>24,233</td><td>1,101</td><td>71,845</td><td>20,718</td><td>14,476</td><td>132,373</td><td>6,493</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>Jan. 8.</td><td>890</td><td>5,161</td><td>27</td><td>60</td><td>638</td><td>68</td><td>582</td><td>7,426</td><td>19,295</td><td>416</td><td>847</td><td>78</td><td>1,189</td><td>21,825</td><td>622</td></tr><tr><td>Jan. 15.</td><td>840</td><td>5,144</td><td>24</td><td>65</td><td>627</td><td>64</td><td>397</td><td>7,161</td><td>19,304</td><td>440</td><td>724</td><td>79</td><td>1,256</td><td>21,803</td><td>657</td></tr><tr><td>Jan. 22.</td><td>810</td><td>5,138</td><td>27</td><td>58</td><td>523</td><td>58</td><td>426</td><td>7,040</td><td>19,203</td><td>387</td><td>802</td><td>71</td><td>1,275</td><td>21,738</td><td>613</td></tr><tr><td>Jan. 29.</td><td>808</td><td>5,120</td><td>27</td><td>51</td><td>656</td><td>66</td><td>377</td><td>7,105</td><td>19,476</td><td>378</td><td>834</td><td>75</td><td>1,204</td><td>21,967</td><td>540</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>Jan. 8.</td><td>131</td><td>26</td><td>1</td><td>45</td><td>248</td><td>21</td><td>8</td><td>482</td><td>135</td><td>215</td><td>414</td><td>51</td><td>738</td><td>1,553</td><td>7</td></tr><tr><td>Jan. 15.</td><td>78</td><td>16</td><td>1</td><td>50</td><td>240</td><td>21</td><td>15</td><td>421</td><td>146</td><td>237</td><td>238</td><td>51</td><td>815</td><td>1,487</td><td>7</td></tr><tr><td>Jan. 22.</td><td>57</td><td>13</td><td>1</td><td>44</td><td>135</td><td>18</td><td>27</td><td>295</td><td>45</td><td>175</td><td>267</td><td>44</td><td>811</td><td>1,342</td><td>6</td></tr><tr><td>Jan. 29.</td><td>62</td><td>2</td><td>1</td><td>37</td><td>264</td><td>19</td><td>20</td><td>405</td><td>317</td><td>171</td><td>308</td><td>50</td><td>622</td><td>1,468</td><td>8</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>Jan. 8.</td><td>587</td><td>5,057</td><td>7</td><td>-</td><td>215</td><td>-</td><td>125</td><td>5,991</td><td>19,141</td><td>167</td><td>46</td><td>-</td><td>185</td><td>19,539</td><td>1</td></tr><tr><td>Jan. 15.</td><td>588</td><td>5,051</td><td>7</td><td>-</td><td>215</td><td>-</td><td>127</td><td>5,988</td><td>19,139</td><td>151</td><td>39</td><td>-</td><td>188</td><td>19,517</td><td>1</td></tr><tr><td>Jan. 22.</td><td>588</td><td>5,050</td><td>7</td><td>-</td><td>215</td><td>-</td><td>114</td><td>6,004</td><td>19,140</td><td>167</td><td>36</td><td>-</td><td>189</td><td>19,532</td><td>1</td></tr><tr><td>Jan. 29.</td><td>588</td><td>5,045</td><td>7</td><td>-</td><td>215</td><td>-</td><td>98</td><td>5,953</td><td>19,141</td><td>167</td><td>42</td><td>-</td><td>260</td><td>19,610</td><td>1</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>Jan. 8.</td><td>172</td><td>76</td><td>19</td><td>15</td><td>175</td><td>47</td><td>449</td><td>953</td><td>19</td><td>34</td><td>387</td><td>27</td><td>266</td><td>733</td><td>614</td></tr><tr><td>Jan. 15.</td><td>174</td><td>77</td><td>16</td><td>15</td><td>178</td><td>43</td><td>255</td><td>752</td><td>19</td><td>52</td><td>447</td><td>28</td><td>253</td><td>799</td><td>649</td></tr><tr><td>Jan. 22.</td><td>165</td><td>75</td><td>19</td><td>14</td><td>173</td><td>40</td><td>255</td><td>741</td><td>18</td><td>45</td><td>499</td><td>27</td><td>275</td><td>854</td><td>606</td></tr><tr><td>Jan. 29.</td><td>158</td><td>73</td><td>19</td><td>14</td><td>177</td><td>47</td><td>259</td><td>747</td><td>18</td><td>40</td><td>484</td><td>25</td><td>322</td><td>889</td><td>531</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>Jan. 8.</td><td>10,800</td><td>28,431</td><td>13,447</td><td>11,494</td><td>5,609</td><td>1,938</td><td>44,474</td><td>116,193</td><td>4,033</td><td>743</td><td>59,238</td><td>21,496</td><td>12,698</td><td>98,208</td><td>5,571</td></tr><tr><td>Jan. 15.</td><td>10,662</td><td>28,214</td><td>14,382</td><td>11,438</td><td>5,352</td><td>1,915</td><td>44,529</td><td>116,492</td><td>4,781</td><td>769</td><td>58,942</td><td>20,942</td><td>13,609</td><td>99,043</td><td>5,606</td></tr><tr><td>Jan. 22.</td><td>10,591</td><td>29,120</td><td>14,392</td><td>11,703</td><td>5,354</td><td>1,958</td><td>45,664</td><td>118,782</td><td>4,850</td><td>733</td><td>73,751</td><td>20,390</td><td>13,631</td><td>113,355</td><td>5,874</td></tr><tr><td>Jan. 29.</td><td>10,281</td><td>28,880</td><td>14,825</td><td>11,779</td><td>5,453</td><td>2,069</td><td>45,429</td><td>118,716</td><td>4,757</td><td>723</td><td>71,011</td><td>20,843</td><td>13,272</td><td>110,406</td><td>5,953</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>Jan. 8.</td><td>470</td><td>4,952</td><td>437</td><td>4,795</td><td>574</td><td>2</td><td>5,452</td><td>16,682</td><td>1,776</td><td>494</td><td>39,857</td><td>13,899</td><td>7,153</td><td>63,179</td><td>233</td></tr><tr><td>Jan. 15.</td><td>334</td><td>4,812</td><td>447</td><td>4,745</td><td>645</td><td>-</td><td>5,575</td><td>16,558</td><td>2,181</td><td>493</td><td>37,805</td><td>12,743</td><td>7,716</td><td>60,938</td><td>281</td></tr><tr><td>Jan. 22.</td><td>328</td><td>5,651</td><td>393</td><td>4,703</td><td>758</td><td>3</td><td>6,069</td><td>17,911</td><td>2,110</td><td>473</td><td>48,554</td><td>12,392</td><td>7,743</td><td>71,272</td><td>288</td></tr><tr><td>Jan. 29.</td><td>157</td><td>5,103</td><td>381</td><td>4,724</td><td>916</td><td>1</td><td>5,975</td><td>17,257</td><td>2,076</td><td>438</td><td>54,458</td><td>12,353</td><td>7,324</td><td>76,649</td><td>425</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>Jan. 8.</td><td>789</td><td>8,859</td><td>3,850</td><td>3,530</td><td>865</td><td>31</td><td>3,634</td><td>21,558</td><td>402</td><td>96</td><td>2,004</td><td>1,585</td><td>1,854</td><td>5,941</td><td>624</td></tr><tr><td>Jan. 15.</td><td>767</td><td>8,828</td><td>4,544</td><td>3,905</td><td>693</td><td>31</td><td>3,285</td><td>21,653</td><td>441</td><td>97</td><td>1,955</td><td>1,562</td><td>1,991</td><td>6,046</td><td>631</td></tr><tr><td>Jan. 22.</td><td>771</td><td>8,875</td><td>4,679</td><td>3,691</td><td>586</td><td>34</td><td>3,037</td><td>21,673</td><td>359</td><td>88</td><td>2,640</td><td>1,517</td><td>2,126</td><td>6,730</td><td>585</td></tr><tr><td>Jan. 29.</td><td>837</td><td>9,208</td><td>4,869</td><td>3,704</td><td>569</td><td>32</td><td>3,209</td><td>22,428</td><td>400</td><td>95</td><td>1,899</td><td>1,526</td><td>2,206</td><td>6,126</td><td>578</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>Jan. 8.</td><td>9,541</td><td>14,620</td><td>9,160</td><td>3,169</td><td>4,170</td><td>1,905</td><td>35,388</td><td>77,953</td><td>1,855</td><td>153</td><td>17,377</td><td>6,012</td><td>3,691</td><td>29,088</td><td>4,714</td></tr><tr><td>Jan. 15.</td><td>9,551</td><td>14,574</td><td>9,391</td><td>3,188</td><td>4,014</td><td>1,884</td><td>35,669</td><td>78,281</td><td>2,159</td><td>179</td><td>19,182</td><td>6,537</td><td>3,902</td><td>32,059</td><td>4,704</td></tr><tr><td>Jan. 22.</td><td>9,492</td><td>14,588</td><td>9,320</td><td>3,309</td><td>4,010</td><td>1,921</td><td>36,558</td><td>79,198</td><td>2,381</td><td>172</td><td>22,557</td><td>6,481</td><td>3,762</td><td>35,353</td><td>5,001</td></tr><tr><td>Jan. 29.</td><td>9,287</td><td>14,569</td><td>9,575</td><td>3,351</td><td>3,968</td><td>2,036</td><td>36,245</td><td>79,031</td><td>2,281</td><td>190</td><td>14,654</td><td>6,764</td><td>3,742</td><td>27,631</td><td>4,950</td></tr></table>
51
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for January 1941
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>6,101</td><td>371</td><td>201</td><td>349</td><td>10</td><td>6</td><td>139</td><td>26</td><td>398</td><td>203</td><td>1,703</td><td>2,188</td><td>1,622</td><td>143</td><td>373</td><td>516</td><td>72</td></tr><tr><td>Jan. 15</td><td>7,986</td><td>261</td><td>121</td><td>299</td><td>6</td><td>626</td><td>167</td><td>17</td><td>645</td><td>209</td><td>2,351</td><td>2,829</td><td>1,809</td><td>285</td><td>670</td><td>955</td><td>42</td></tr><tr><td>Jan. 22</td><td>6,855</td><td>296</td><td>110</td><td>128</td><td>7</td><td>156</td><td>157</td><td>1</td><td>1,217</td><td>167</td><td>2,239</td><td>2,202</td><td>1,521</td><td>272</td><td>537</td><td>809</td><td>84</td></tr><tr><td>Jan. 29</td><td>11,137</td><td>342</td><td>101</td><td>90</td><td>9</td><td>694</td><td>77</td><td>1</td><td>1,617</td><td>333</td><td>3,204</td><td>5,129</td><td>1,807</td><td>375</td><td>473</td><td>848</td><td>89</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>Jan. 8</td><td>2,321</td><td>76</td><td>62</td><td>40</td><td>3</td><td>5</td><td>130</td><td>12</td><td>317</td><td>101</td><td>746</td><td>492</td><td>821</td><td>6</td><td>228</td><td>234</td><td>28</td></tr><tr><td>Jan. 15</td><td>3,284</td><td>104</td><td>89</td><td>251</td><td>-</td><td>612</td><td>136</td><td>8</td><td>360</td><td>83</td><td>1,643</td><td>247</td><td>893</td><td>7</td><td>460</td><td>467</td><td>34</td></tr><tr><td>Jan. 22</td><td>2,815</td><td>36</td><td>37</td><td>118</td><td>1</td><td>156</td><td>149</td><td>-</td><td>590</td><td>63</td><td>1,110</td><td>390</td><td>889</td><td>1</td><td>377</td><td>378</td><td>48</td></tr><tr><td>Jan. 29</td><td>4,343</td><td>69</td><td>52</td><td>74</td><td>4</td><td>687</td><td>76</td><td>1</td><td>1,267</td><td>67</td><td>2,297</td><td>373</td><td>1,305</td><td>11</td><td>315</td><td>326</td><td>42</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>Jan. 8</td><td>1,637</td><td>35</td><td>15</td><td>30</td><td>1</td><td>-</td><td>9</td><td>-</td><td>55</td><td>10</td><td>155</td><td>1,164</td><td>294</td><td>-</td><td>18</td><td>18</td><td>6</td></tr><tr><td>Jan. 15</td><td>2,057</td><td>104</td><td>27</td><td>22</td><td>6</td><td>8</td><td>30</td><td>-</td><td>90</td><td>7</td><td>294</td><td>1,435</td><td>128</td><td>-</td><td>195</td><td>195</td><td>5</td></tr><tr><td>Jan. 22</td><td>2,257</td><td>67</td><td>57</td><td>1</td><td>-</td><td>-</td><td>5</td><td>1</td><td>485</td><td>4</td><td>620</td><td>1,197</td><td>289</td><td>-</td><td>151</td><td>151</td><td>-</td></tr><tr><td>Jan. 29</td><td>5,301</td><td>258</td><td>15</td><td>2</td><td>3</td><td>1</td><td>1</td><td>-</td><td>278</td><td>22</td><td>580</td><td>4,499</td><td>93</td><td>-</td><td>118</td><td>118</td><td>11</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>Jan. 8</td><td>2,143</td><td>260</td><td>124</td><td>279</td><td>6</td><td>1</td><td>-</td><td>14</td><td>26</td><td>92</td><td>802</td><td>532</td><td>507</td><td>137</td><td>127</td><td>204</td><td>38</td></tr><tr><td>Jan. 15</td><td>2,645</td><td>53</td><td>5</td><td>26</td><td>-</td><td>6</td><td>1</td><td>9</td><td>195</td><td>119</td><td>414</td><td>1,147</td><td>788</td><td>278</td><td>15</td><td>293</td><td>3</td></tr><tr><td>Jan. 22</td><td>1,783</td><td>193</td><td>16</td><td>9</td><td>6</td><td>-</td><td>3</td><td>-</td><td>182</td><td>100</td><td>509</td><td>615</td><td>343</td><td>271</td><td>9</td><td>280</td><td>36</td></tr><tr><td>Jan. 29</td><td>1,493</td><td>15</td><td>34</td><td>14</td><td>2</td><td>6</td><td>-</td><td>-</td><td>72</td><td>244</td><td>387</td><td>257</td><td>409</td><td>304</td><td>40</td><td>404</td><td>36</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>Jan. 8</td><td>12,549</td><td>760</td><td>225</td><td>64</td><td>31</td><td>511</td><td>83</td><td>16</td><td>1,249</td><td>142</td><td>3,081</td><td>7,385</td><td>1,413</td><td>4</td><td>513</td><td>517</td><td>153</td></tr><tr><td>Jan. 15</td><td>12,239</td><td>395</td><td>83</td><td>90</td><td>24</td><td>1,766</td><td>141</td><td>46</td><td>2,494</td><td>302</td><td>5,311</td><td>4,671</td><td>1,616</td><td>21</td><td>468</td><td>489</td><td>152</td></tr><tr><td>Jan. 22</td><td>11,267</td><td>733</td><td>165</td><td>23</td><td>63</td><td>1,145</td><td>135</td><td>108</td><td>2,164</td><td>208</td><td>4,744</td><td>2,996</td><td>2,851</td><td>18</td><td>468</td><td>486</td><td>190</td></tr><tr><td>Jan. 29</td><td>14,997</td><td>889</td><td>125</td><td>55</td><td>14</td><td>2,360</td><td>64</td><td>44</td><td>5,925</td><td>176</td><td>9,652</td><td>3,724</td><td>809</td><td>6</td><td>344</td><td>350</td><td>462</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><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>Jan. 8</td><td>3,751</td><td>410</td><td>68</td><td>42</td><td>27</td><td>6</td><td>32</td><td>11</td><td>636</td><td>111</td><td>1,343</td><td>983</td><td>993</td><td>1</td><td>403</td><td>404</td><td>28</td></tr><tr><td>Jan. 15</td><td>4,925</td><td>262</td><td>65</td><td>69</td><td>13</td><td>6</td><td>128</td><td>25</td><td>1,094</td><td>266</td><td>1,928</td><td>1,469</td><td>1,013</td><td>21</td><td>368</td><td>389</td><td>126</td></tr><tr><td>Jan. 22</td><td>6,554</td><td>466</td><td>120</td><td>12</td><td>29</td><td>2</td><td>132</td><td>34</td><td>1,538</td><td>121</td><td>2,454</td><td>1,172</td><td>2,372</td><td>18</td><td>359</td><td>377</td><td>179</td></tr><tr><td>Jan. 29</td><td>8,242</td><td>432</td><td>87</td><td>48</td><td>7</td><td>9</td><td>52</td><td>33</td><td>4,930</td><td>143</td><td>5,741</td><td>1,396</td><td>376</td><td>5</td><td>266</td><td>271</td><td>458</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>Jan. 8</td><td>7,398</td><td>220</td><td>124</td><td>21</td><td>4</td><td>504</td><td>50</td><td>5</td><td>541</td><td>19</td><td>1,488</td><td>5,593</td><td>211</td><td>1</td><td>104</td><td>105</td><td>1</td></tr><tr><td>Jan. 15</td><td>6,371</td><td>109</td><td>18</td><td>17</td><td>11</td><td>1,760</td><td>11</td><td>8</td><td>1,293</td><td>8</td><td>3,235</td><td>2,792</td><td>249</td><td>-</td><td>88</td><td>88</td><td>7</td></tr><tr><td>Jan. 22</td><td>4,147</td><td>197</td><td>45</td><td>1</td><td>29</td><td>1,143</td><td>3</td><td>74</td><td>564</td><td>68</td><td>2,124</td><td>1,624</td><td>279</td><td>-</td><td>109</td><td>109</td><td>11</td></tr><tr><td>Jan. 29</td><td>5,699</td><td>353</td><td>35</td><td>3</td><td>2</td><td>2,351</td><td>8</td><td>9</td><td>715</td><td>4</td><td>3,480</td><td>1,984</td><td>166</td><td>-</td><td>69</td><td>69</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><td></td></tr><tr><td>Jan. 8</td><td>1,400</td><td>130</td><td>33</td><td>1</td><td>-</td><td>1</td><td>1</td><td>-</td><td>72</td><td>12</td><td>250</td><td>809</td><td>209</td><td>2</td><td>6</td><td>8</td><td>124</td></tr><tr><td>Jan. 15</td><td>943</td><td>24</td><td>-</td><td>4</td><td>-</td><td>-</td><td>2</td><td>13</td><td>77</td><td>28</td><td>148</td><td>410</td><td>354</td><td>-</td><td>12</td><td>12</td><td>19</td></tr><tr><td>Jan. 22</td><td>566</td><td>70</td><td>-</td><td>10</td><td>5</td><td>-</td><td>-</td><td>-</td><td>62</td><td>19</td><td>166</td><td>200</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>1,056</td><td>104</td><td>3</td><td>4</td><td>5</td><td>-</td><td>4</td><td>2</td><td>280</td><td>29</td><td>431</td><td>344</td><td>267</td><td>1</td><td>9</td><td>10</td><td>4</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>Jan. 8</td><td>471</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>13</td><td>457</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Jan. 15</td><td>616</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>606</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Jan. 22</td><td>747</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>730</td><td>-</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Jan. 29</td><td>815</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>814</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>Jan. 8</td><td>22</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>11</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>9</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</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>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>Jan. 8</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>19</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>5</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>439</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>11</td><td>427</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Jan. 15</td><td>586</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>582</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Jan. 22</td><td>733</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>728</td><td>-</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Jan. 29</td><td>770</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>770</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
(Continued on following page)
52
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for January 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Transactione 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 SALES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>466</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>463</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>745</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>94</td><td>-</td><td>94</td><td>648</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>709</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>10</td><td>699</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>805</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>37</td><td>768</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Sales of domestic securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</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>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</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>Jan. 29</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>Jan. 8</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>Jan. 15</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</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><b>Sales of foreign securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>437</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>434</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>714</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>94</td><td>-</td><td>94</td><td>620</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>707</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>10</td><td>697</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>779</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>37</td><td>742</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 January 1941
(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>Nether-lands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Foreign debit balances: (due from abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>26,536</td><td>1,860</td><td>1,235</td><td>497</td><td>39</td><td>41</td><td>590</td><td>285</td><td>1,243</td><td>1,932</td><td>7,722</td><td>10,594</td><td>6,068</td><td>114</td><td>1,697</td><td>1,811</td><td>341</td></tr><tr><td>Jan. 15</td><td>26,356</td><td>1,794</td><td>1,296</td><td>530</td><td>39</td><td>41</td><td>586</td><td>271</td><td>978</td><td>1,984</td><td>7,519</td><td>10,522</td><td>5,943</td><td>127</td><td>1,916</td><td>2,043</td><td>329</td></tr><tr><td>Jan. 22</td><td>27,348</td><td>1,782</td><td>1,271</td><td>498</td><td>40</td><td>41</td><td>587</td><td>280</td><td>1,249</td><td>1,906</td><td>7,654</td><td>10,566</td><td>6,232</td><td>123</td><td>2,359</td><td>2,482</td><td>414</td></tr><tr><td>Jan. 29</td><td>26,752</td><td>1,761</td><td>1,288</td><td>520</td><td>40</td><td>41</td><td>572</td><td>274</td><td>1,115</td><td>1,597</td><td>7,208</td><td>10,557</td><td>6,343</td><td>127</td><td>2,206</td><td>2,333</td><td>311</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>Jan. 8</td><td>50,701</td><td>2,775</td><td>7,212</td><td>786</td><td>55</td><td>68</td><td>8,036</td><td>280</td><td>12,337</td><td>2,046</td><td>33,595</td><td>1,869</td><td>13,139</td><td>205</td><td>1,288</td><td>1,493</td><td>605</td></tr><tr><td>Jan. 15</td><td>50,846</td><td>2,823</td><td>7,207</td><td>775</td><td>57</td><td>39</td><td>8,226</td><td>142</td><td>12,251</td><td>2,085</td><td>33,615</td><td>1,772</td><td>13,144</td><td>207</td><td>1,340</td><td>1,547</td><td>768</td></tr><tr><td>Jan. 22</td><td>50,021</td><td>2,815</td><td>6,521</td><td>1,171</td><td>56</td><td>45</td><td>7,577</td><td>298</td><td>12,621</td><td>1,999</td><td>33,103</td><td>2,006</td><td>11,976</td><td>206</td><td>1,746</td><td>1,952</td><td>984</td></tr><tr><td>Jan. 29</td><td>48,350</td><td>2,817</td><td>6,481</td><td>1,269</td><td>54</td><td>33</td><td>7,576</td><td>136</td><td>11,799</td><td>2,168</td><td>32,353</td><td>1,790</td><td>11,172</td><td>216</td><td>1,948</td><td>2,164</td><td>871</td></tr></table>
53
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for January 1941
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>128</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>183</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>157</td><td>24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>295</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>242</td><td>53</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>355</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>309</td><td>43</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></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>Jan. 8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</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>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></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>Jan. 8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>4</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>Jan. 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>128</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>179</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>153</td><td>24</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>293</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242</td><td>51</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>355</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>309</td><td>43</td><td>-</td><td>-</td><td>-</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>126</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>115</td><td>6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>245</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>245</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>318</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>315</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>Jan. 8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></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>Jan. 8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></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>Jan. 8</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>133</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 15</td><td>126</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>115</td><td>6</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22</td><td>245</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>245</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 29</td><td>318</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>315</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
54
Foreign Purchases and Sales of Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase or sales (-)</th><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase or sales (-)</th><th>Transactions during week ended:</th><th>Total purchase</th><th>Total sales</th><th>Net purchase or sales (-)</th></tr><tr><td>1933-Jan. 5....</td><td>17,083</td><td>15,195</td><td>1,888</td><td>1939-Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>1940-Mar. 6....</td><td>11,723</td><td>13,056</td><td>-1,333</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>13....</td><td>11,518</td><td>14,911</td><td>-3,393</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>20....</td><td>11,217</td><td>12,777</td><td>-1,560</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>27....</td><td>6,176</td><td>9,009</td><td>-2,833</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>Apr. 3....</td><td>12,778</td><td>16,316</td><td>-3,538</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>10....</td><td>19,870</td><td>21,064</td><td>-1,194</td></tr><tr><td>16....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>17....</td><td>16,998</td><td>14,067</td><td>2,931</td></tr><tr><td>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>24....</td><td>16,284</td><td>17,826</td><td>-1,542</td></tr><tr><td>Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td>May 1....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>9....</td><td>12,462</td><td>11,806</td><td>656</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td>8....</td><td>10,392</td><td>11,665</td><td>-1,273</td></tr><tr><td>16....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td>15....</td><td>16,102</td><td>15,075</td><td>1,027</td></tr><tr><td>23....</td><td>18,619</td><td>17,759</td><td>860</td><td>26....</td><td>19,851</td><td>18,524</td><td>1,327</td><td>22....</td><td>19,019</td><td>22,819</td><td>-3,800</td></tr><tr><td>30....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td><td>June 5....</td><td>18,498</td><td>5,928</td><td>12,570</td></tr><tr><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td><td>12....</td><td>9,678</td><td>6,598</td><td>3,080</td></tr><tr><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td><td>19....</td><td>9,996</td><td>12,611</td><td>-2,615</td></tr><tr><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td>26....</td><td>5,034</td><td>17,189</td><td>-12,155</td></tr><tr><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td><td>July 3....</td><td>4,228</td><td>14,682</td><td>-10,454</td></tr><tr><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td><td>10....</td><td>2,434</td><td>10,607</td><td>-8,173</td></tr><tr><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td><td>17....</td><td>2,135</td><td>12,921</td><td>-10,786</td></tr><tr><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td><td>24....</td><td>7,908</td><td>6,892</td><td>1,016</td></tr><tr><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>28....</td><td>11,127</td><td>16,353</td><td>-5,226</td><td>31....</td><td>3,826</td><td>7,391</td><td>-3,565</td></tr><tr><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>July 5....</td><td>17,512</td><td>13,128</td><td>4,384</td><td>Aug. 7....</td><td>6,171</td><td>6,131</td><td>40</td></tr><tr><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>12....</td><td>7,832</td><td>12,749</td><td>-4,917</td><td>14....</td><td>3,002</td><td>17,682</td><td>-14,680</td></tr><tr><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>19....</td><td>16,348</td><td>24,653</td><td>-8,305</td><td>21....</td><td>2,294</td><td>4,844</td><td>-2,550</td></tr><tr><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>26....</td><td>28,125</td><td>28,866</td><td>-741</td><td>28....</td><td>2,044</td><td>6,914</td><td>-4,670</td></tr><tr><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td><td>Sept. 4....</td><td>4,376</td><td>5,336</td><td>-960</td></tr><tr><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td><td>11....</td><td>11,425</td><td>9,138</td><td>2,287</td></tr><tr><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td><td>18....</td><td>11,601</td><td>6,218</td><td>5,383</td></tr><tr><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td><td>25....</td><td>18,590</td><td>21,963</td><td>-3,373</td></tr><tr><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>30....</td><td>20,453</td><td>19,904</td><td>549</td><td>Oct. 2....</td><td>6,145</td><td>13,198</td><td>-7,053</td></tr><tr><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td><td>9....</td><td>6,873</td><td>10,898</td><td>-4,025</td></tr><tr><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>13....</td><td>52,564</td><td>42,611</td><td>9,953</td><td>16....</td><td>7,799</td><td>13,860</td><td>-6,061</td></tr><tr><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>20....</td><td>33,127</td><td>40,019</td><td>-6,892</td><td>23....</td><td>6,437</td><td>15,114</td><td>-8,677</td></tr><tr><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td><td>30....</td><td>8,300</td><td>13,304</td><td>-5,004</td></tr><tr><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>Oct. 4....</td><td>16,932</td><td>29,373</td><td>-12,441</td><td>Nov. 6....</td><td>11,258</td><td>13,671</td><td>-2,413</td></tr><tr><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>11....</td><td>19,364</td><td>22,395</td><td>-3,031</td><td>13....</td><td>14,583</td><td>14,921</td><td>-338</td></tr><tr><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>18....</td><td>17,162</td><td>18,811</td><td>-1,649</td><td>20....</td><td>8,466</td><td>13,664</td><td>-5,198</td></tr><tr><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>25....</td><td>17,784</td><td>29,487</td><td>-11,703</td><td>27....</td><td>5,116</td><td>14,143</td><td>-9,027</td></tr><tr><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>Nov. 1....</td><td>20,228</td><td>25,120</td><td>-4,892</td><td>Dec. 4....</td><td>4,752</td><td>9,770</td><td>-5,018</td></tr><tr><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>8....</td><td>14,698</td><td>20,862</td><td>-6,214</td><td>11....</td><td>5,870</td><td>6,791</td><td>-921</td></tr><tr><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>15....</td><td>17,404</td><td>23,674</td><td>-6,210</td><td>18....</td><td>11,556</td><td>12,803</td><td>-1,247</td></tr><tr><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>22....</td><td>15,175</td><td>15,666</td><td>-491</td><td>25....</td><td>5,163</td><td>8,394</td><td>-3,231</td></tr><tr><td>26....</td><td>45,044</td><td>33,412</td><td>12,232</td><td>29....</td><td>14,267</td><td>13,367</td><td>900</td><td>1941-Jan. 1....</td><td>5,771</td><td>6,172</td><td>-401</td></tr><tr><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>Dec. 6....</td><td>10,824</td><td>15,064</td><td>-4,240</td><td>8....</td><td>3,987</td><td>11,181</td><td>-7,194</td></tr><tr><td>9....</td><td>26,885</td><td>25,402</td><td>1,483</td><td>13....</td><td>16,774</td><td>16,437</td><td>337</td><td>15....</td><td>5,376</td><td>11,326</td><td>-5,950</td></tr><tr><td>16....</td><td>43,426</td><td>38,193</td><td>5,233</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td><td>22....</td><td>5,076</td><td>10,715</td><td>-5,639</td></tr><tr><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td><td>29....</td><td>9,670</td><td>13,986</td><td>-4,316</td></tr><tr><td>30....</td><td>30,735</td><td>28,197</td><td>2,538</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>4,100</td><td>10....</td><td></td><td></td><td></td></tr><tr><td>Dec. 7....</td><td>29,389</td><td>23,352</td><td>6,037</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td><td>17....</td><td></td><td></td><td></td></tr><tr><td>14....</td><td>20,646</td><td>28,398</td><td>-7,752</td><td>24....</td><td>15,309</td><td>21,266</td><td>-5,957</td><td>28....</td><td></td><td></td><td></td></tr><tr><td>21....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>31....</td><td>9,969</td><td>13,686</td><td>-3,717</td><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td></tr><tr><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-787</td><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td></tr><tr><td></td><td></td><td></td><td></td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td><td>18....</td><td>21,357</td><td>29,874</td><td>-8,507</td></tr><tr><td></td><td></td><td></td><td></td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td></tr><tr><td></td><td></td><td></td><td></td><td>28....</td><td>14,835</td><td>13,520</td><td>1,315</td><td></td><td></td><td></td><td></td></tr></table>
1/ Includes transactions executed in the United States for foreign account, executed abroad for domestic account, and transactions in joint foreign arbitrage accounts as reported by banks, bankers, brokers, and dealers in the United States.
FOREIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
Weekly
55
56
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for January 1941
(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>Latino 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>Jan. 8 Spot......</td><td>16,069</td><td>7,496</td><td>81</td><td>15</td><td>72</td><td>361</td><td>2</td><td>198</td><td>1,935</td><td>125</td><td>10,285</td><td>2,030</td><td>817</td><td>904</td><td>1,439</td><td>2,343</td><td>594</td></tr><tr><td>Jan. 8 Forward....</td><td>4,032</td><td>1,642</td><td>159</td><td>45</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,856</td><td>327</td><td>-</td><td>1,624</td><td>165</td><td>1,849</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>12,762</td><td>4,544</td><td>92</td><td>4</td><td>76</td><td>486</td><td>105</td><td>230</td><td>2,561</td><td>90</td><td>8,188</td><td>1,396</td><td>560</td><td>1,328</td><td>694</td><td>2,022</td><td>596</td></tr><tr><td>Jan. 15 Forward....</td><td>2,036</td><td>1,001</td><td>72</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>14</td><td>-</td><td>1,099</td><td>43</td><td>4</td><td>645</td><td>245</td><td>890</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>14,339</td><td>4,317</td><td>225</td><td>4</td><td>101</td><td>415</td><td>57</td><td>227</td><td>2,813</td><td>246</td><td>8,405</td><td>1,854</td><td>671</td><td>1,577</td><td>1,353</td><td>2,930</td><td>479</td></tr><tr><td>Jan. 22 Forward....</td><td>2,781</td><td>1,623</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>2</td><td>-</td><td>-</td><td>1,632</td><td>74</td><td>-</td><td>663</td><td>412</td><td>1,075</td><td>-</td></tr><tr><td>Jan. 29 Spot......</td><td>15,261</td><td>5,353</td><td>110</td><td>5</td><td>108</td><td>327</td><td>5</td><td>321</td><td>2,249</td><td>186</td><td>8,664</td><td>1,993</td><td>1,320</td><td>1,418</td><td>1,390</td><td>2,808</td><td>476</td></tr><tr><td>Jan. 29 Forward....</td><td>1,140</td><td>483</td><td>-</td><td>-</td><td>2</td><td>5</td><td>5</td><td>8</td><td>-</td><td>-</td><td>503</td><td>119</td><td>30</td><td>433</td><td>55</td><td>488</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>Jan. 8 Spot......</td><td>11,743</td><td>5,423</td><td>20</td><td>2</td><td>57</td><td>264</td><td>-</td><td>165</td><td>1,831</td><td>111</td><td>7,873</td><td>1,399</td><td>713</td><td>695</td><td>959</td><td>1,654</td><td>104</td></tr><tr><td>Jan. 8 Forward....</td><td>3,018</td><td>904</td><td>-</td><td>45</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>959</td><td>327</td><td>-</td><td>1,567</td><td>165</td><td>1,732</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>9,658</td><td>3,474</td><td>41</td><td>-</td><td>53</td><td>268</td><td>36</td><td>200</td><td>2,372</td><td>66</td><td>6,510</td><td>830</td><td>496</td><td>1,022</td><td>598</td><td>1,620</td><td>202</td></tr><tr><td>Jan. 15 Forward....</td><td>1,921</td><td>969</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>7</td><td>-</td><td>983</td><td>43</td><td>-</td><td>645</td><td>245</td><td>890</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>10,489</td><td>3,003</td><td>90</td><td>-</td><td>65</td><td>308</td><td>25</td><td>202</td><td>2,499</td><td>237</td><td>6,429</td><td>910</td><td>508</td><td>1,294</td><td>1,302</td><td>2,596</td><td>46</td></tr><tr><td>Jan. 22 Forward....</td><td>2,156</td><td>1,247</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>2</td><td>-</td><td>-</td><td>1,256</td><td>74</td><td>-</td><td>411</td><td>412</td><td>826</td><td>-</td></tr><tr><td>Jan. 29 Spot......</td><td>10,792</td><td>3,011</td><td>28</td><td>4</td><td>97</td><td>226</td><td>5</td><td>250</td><td>2,127</td><td>171</td><td>5,919</td><td>1,308</td><td>1,217</td><td>957</td><td>1,358</td><td>2,315</td><td>33</td></tr><tr><td>Jan. 29 Forward....</td><td>890</td><td>356</td><td>-</td><td>-</td><td>2</td><td>4</td><td>-</td><td>4</td><td>-</td><td>-</td><td>366</td><td>119</td><td>30</td><td>320</td><td>55</td><td>375</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>Jan. 8 Spot......</td><td>4,326</td><td>2,073</td><td>61</td><td>13</td><td>15</td><td>97</td><td>2</td><td>33</td><td>104</td><td>14</td><td>2,412</td><td>631</td><td>104</td><td>209</td><td>480</td><td>689</td><td>490</td></tr><tr><td>Jan. 8 Forward....</td><td>1,014</td><td>738</td><td>159</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>897</td><td>-</td><td>-</td><td>117</td><td>-</td><td>117</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>3,104</td><td>1,070</td><td>51</td><td>4</td><td>23</td><td>218</td><td>69</td><td>30</td><td>189</td><td>24</td><td>1,678</td><td>566</td><td>64</td><td>306</td><td>96</td><td>402</td><td>394</td></tr><tr><td>Jan. 15 Forward....</td><td>115</td><td>32</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>111</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>3,850</td><td>1,314</td><td>135</td><td>4</td><td>36</td><td>107</td><td>32</td><td>25</td><td>314</td><td>9</td><td>1,976</td><td>944</td><td>163</td><td>283</td><td>51</td><td>334</td><td>433</td></tr><tr><td>Jan. 22 Forward....</td><td>625</td><td>376</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>376</td><td>-</td><td>-</td><td>249</td><td>-</td><td>249</td><td>-</td></tr><tr><td>Jan. 29 Spot......</td><td>4,469</td><td>2,342</td><td>82</td><td>1</td><td>11</td><td>101</td><td>5</td><td>71</td><td>72</td><td>15</td><td>2,745</td><td>685</td><td>103</td><td>461</td><td>32</td><td>493</td><td>443</td></tr><tr><td>Jan. 29 Forward....</td><td>250</td><td>127</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>4</td><td>-</td><td>-</td><td>137</td><td>-</td><td>-</td><td>113</td><td>-</td><td>113</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>Jan. 8 Spot......</td><td>16,840</td><td>7,031</td><td>175</td><td>4</td><td>66</td><td>393</td><td>12</td><td>188</td><td>1,764</td><td>107</td><td>9,740</td><td>2,063</td><td>554</td><td>2,249</td><td>1,625</td><td>3,874</td><td>609</td></tr><tr><td>Jan. 8 Forward....</td><td>2,534</td><td>1,204</td><td>-</td><td>2</td><td>6</td><td>-</td><td>-</td><td>-</td><td>54</td><td>-</td><td>1,266</td><td>352</td><td>16</td><td>898</td><td>2</td><td>900</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>13,089</td><td>5,222</td><td>156</td><td>-</td><td>63</td><td>399</td><td>-</td><td>183</td><td>2,607</td><td>102</td><td>8,732</td><td>1,202</td><td>722</td><td>1,232</td><td>737</td><td>1,969</td><td>464</td></tr><tr><td>Jan. 15 Forward....</td><td>1,539</td><td>766</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>846</td><td>62</td><td>-</td><td>563</td><td>68</td><td>631</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>14,690</td><td>4,398</td><td>226</td><td>6</td><td>112</td><td>474</td><td>42</td><td>215</td><td>2,793</td><td>218</td><td>8,484</td><td>1,869</td><td>666</td><td>1,726</td><td>1,683</td><td>3,409</td><td>262</td></tr><tr><td>Jan. 22 Forward....</td><td>2,007</td><td>1,410</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>6</td><td>-</td><td>1,420</td><td>76</td><td>41</td><td>432</td><td>32</td><td>464</td><td>6</td></tr><tr><td>Jan. 29 Spot......</td><td>15,111</td><td>5,010</td><td>68</td><td>3</td><td>111</td><td>349</td><td>64</td><td>274</td><td>2,142</td><td>226</td><td>8,247</td><td>1,889</td><td>1,294</td><td>1,650</td><td>1,730</td><td>3,380</td><td>301</td></tr><tr><td>Jan. 29 Forward....</td><td>1,370</td><td>702</td><td>1</td><td>-</td><td>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>708</td><td>204</td><td>-</td><td>456</td><td>2</td><td>458</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>Jan. 8 Spot......</td><td>5,824</td><td>1,475</td><td>17</td><td>-</td><td>18</td><td>205</td><td>-</td><td>131</td><td>858</td><td>34</td><td>2,738</td><td>1,022</td><td>124</td><td>1,309</td><td>249</td><td>1,558</td><td>382</td></tr><tr><td>Jan. 8 Forward....</td><td>1,305</td><td>318</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>324</td><td>116</td><td>10</td><td>853</td><td>2</td><td>855</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>5,709</td><td>1,432</td><td>36</td><td>-</td><td>8</td><td>224</td><td>-</td><td>118</td><td>2,019</td><td>36</td><td>3,873</td><td>739</td><td>229</td><td>411</td><td>104</td><td>515</td><td>353</td></tr><tr><td>Jan. 15 Forward....</td><td>700</td><td>74</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>82</td><td>62</td><td>-</td><td>552</td><td>4</td><td>556</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>5,625</td><td>852</td><td>51</td><td>-</td><td>36</td><td>245</td><td>1</td><td>125</td><td>1,709</td><td>91</td><td>3,110</td><td>870</td><td>375</td><td>537</td><td>542</td><td>1,079</td><td>191</td></tr><tr><td>Jan. 22 Forward....</td><td>548</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>10</td><td>67</td><td>40</td><td>425</td><td>-</td><td>425</td><td>6</td></tr><tr><td>Jan. 29 Spot......</td><td>5,858</td><td>984</td><td>23</td><td>3</td><td>42</td><td>179</td><td>53</td><td>247</td><td>1,502</td><td>116</td><td>3,149</td><td>962</td><td>785</td><td>410</td><td>349</td><td>759</td><td>213</td></tr><tr><td>Jan. 29 Forward....</td><td>848</td><td>294</td><td>-</td><td>-</td><td>2</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>239</td><td>94</td><td>-</td><td>453</td><td>2</td><td>455</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>Jan. 8 Spot......</td><td>11,016</td><td>5,556</td><td>158</td><td>4</td><td>48</td><td>188</td><td>12</td><td>57</td><td>906</td><td>73</td><td>7,002</td><td>1,041</td><td>430</td><td>940</td><td>1,376</td><td>2,316</td><td>227</td></tr><tr><td>Jan. 8 Forward....</td><td>1,229</td><td>886</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>54</td><td>-</td><td>942</td><td>236</td><td>6</td><td>45</td><td>-</td><td>45</td><td>-</td></tr><tr><td>Jan. 15 Spot......</td><td>7,380</td><td>3,790</td><td>120</td><td>-</td><td>55</td><td>175</td><td>-</td><td>65</td><td>588</td><td>66</td><td>4,859</td><td>463</td><td>493</td><td>821</td><td>633</td><td>1,454</td><td>111</td></tr><tr><td>Jan. 15 Forward....</td><td>839</td><td>692</td><td>72</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>764</td><td>-</td><td>-</td><td>11</td><td>64</td><td>75</td><td>-</td></tr><tr><td>Jan. 22 Spot......</td><td>9,065</td><td>3,546</td><td>175</td><td>6</td><td>76</td><td>229</td><td>41</td><td>90</td><td>1,084</td><td>127</td><td>5,374</td><td>999</td><td>291</td><td>1,189</td><td>1,141</td><td>2,330</td><td>71</td></tr><tr><td>Jan. 22 Forward....</td><td>1,459</td><td>1,404</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>1,410</td><td>9</td><td>1</td><td>7</td><td>32</td><td>39</td><td>-</td></tr><tr><td>Jan. 29 Spot......</td><td>9,243</td><td>4,026</td><td>45</td><td>-</td><td>69</td><td>170</td><td>11</td><td>27</td><td>640</td><td>110</td><td>5,098</td><td>927</td><td>509</td><td>1,240</td><td>1,381</td><td>2,621</td><td>88</td></tr><tr><td>Jan. 29 Forward....</td><td>522</td><td>408</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>409</td><td>110</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td></tr></table>
57
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during January 1941
(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>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>35,428</td><td>17,469</td><td>402</td><td>595</td><td>-</td><td>14</td><td>607</td><td>-</td><td>4</td><td>12</td><td>19,103</td><td>9,478</td><td>1,542</td><td>4,058</td><td>1,247</td><td>5,305</td><td>-</td></tr><tr><td>Jan. 15</td><td>32,751</td><td>15,844</td><td>426</td><td>595</td><td>-</td><td>13</td><td>607</td><td>-</td><td>21</td><td>12</td><td>17,518</td><td>8,486</td><td>1,529</td><td>4,029</td><td>1,189</td><td>5,218</td><td>-</td></tr><tr><td>Jan. 22</td><td>32,311</td><td>16,047</td><td>358</td><td>595</td><td>-</td><td>8</td><td>607</td><td>2</td><td>11</td><td>12</td><td>17,640</td><td>7,433</td><td>1,530</td><td>4,098</td><td>1,610</td><td>5,708</td><td>-</td></tr><tr><td>Jan. 29</td><td>26,340</td><td>12,761</td><td>359</td><td>595</td><td>2</td><td>11</td><td>552</td><td>-</td><td>19</td><td>11</td><td>14,310</td><td>5,681</td><td>1,564</td><td>3,952</td><td>833</td><td>4,785</td><td>-</td></tr><tr><td>Contracts for purchases from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>17,414</td><td>9,430</td><td>88</td><td>314</td><td>-</td><td>2</td><td>221</td><td>-</td><td>-</td><td>-</td><td>10,055</td><td>4,374</td><td>1,217</td><td>555</td><td>1,213</td><td>1,768</td><td>-</td></tr><tr><td>Jan. 15</td><td>16,097</td><td>9,206</td><td>88</td><td>314</td><td>-</td><td>1</td><td>221</td><td>-</td><td>7</td><td>-</td><td>9,837</td><td>3,442</td><td>1,217</td><td>492</td><td>1,109</td><td>1,601</td><td>-</td></tr><tr><td>Jan. 22</td><td>16,713</td><td>9,780</td><td>88</td><td>314</td><td>-</td><td>1</td><td>221</td><td>2</td><td>7</td><td>-</td><td>10,413</td><td>2,896</td><td>1,217</td><td>674</td><td>1,513</td><td>2,187</td><td>-</td></tr><tr><td>Jan. 29</td><td>13,742</td><td>8,021</td><td>88</td><td>314</td><td>2</td><td>1</td><td>221</td><td>-</td><td>7</td><td>-</td><td>8,654</td><td>2,148</td><td>1,217</td><td>924</td><td>799</td><td>1,723</td><td>-</td></tr><tr><td>Contracts for purchases from domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>18,014</td><td>8,039</td><td>314</td><td>281</td><td>-</td><td>12</td><td>386</td><td>-</td><td>4</td><td>12</td><td>9,048</td><td>5,104</td><td>325</td><td>3,503</td><td>34</td><td>3,537</td><td>-</td></tr><tr><td>Jan. 15</td><td>16,654</td><td>6,638</td><td>338</td><td>281</td><td>-</td><td>12</td><td>386</td><td>-</td><td>14</td><td>12</td><td>7,681</td><td>5,044</td><td>312</td><td>3,537</td><td>80</td><td>3,617</td><td>-</td></tr><tr><td>Jan. 22</td><td>15,598</td><td>6,267</td><td>270</td><td>281</td><td>-</td><td>7</td><td>386</td><td>-</td><td>4</td><td>12</td><td>7,227</td><td>4,537</td><td>313</td><td>3,424</td><td>97</td><td>3,521</td><td>-</td></tr><tr><td>Jan. 29</td><td>12,598</td><td>4,740</td><td>271</td><td>281</td><td>-</td><td>10</td><td>331</td><td>-</td><td>12</td><td>11</td><td>5,656</td><td>3,533</td><td>347</td><td>3,028</td><td>34</td><td>3,062</td><td>-</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>37,931</td><td>17,048</td><td>174</td><td>845</td><td>2</td><td>31</td><td>1,237</td><td>-</td><td>54</td><td>19</td><td>19,410</td><td>9,402</td><td>1,364</td><td>7,147</td><td>608</td><td>7,755</td><td>-</td></tr><tr><td>Jan. 15</td><td>35,368</td><td>15,354</td><td>246</td><td>845</td><td>-</td><td>31</td><td>1,237</td><td>-</td><td>11</td><td>19</td><td>17,743</td><td>8,443</td><td>1,341</td><td>7,330</td><td>511</td><td>7,841</td><td>-</td></tr><tr><td>Jan. 22</td><td>34,246</td><td>15,413</td><td>249</td><td>845</td><td>-</td><td>31</td><td>1,237</td><td>4</td><td>14</td><td>14</td><td>17,807</td><td>7,401</td><td>1,379</td><td>7,177</td><td>476</td><td>7,653</td><td>6</td></tr><tr><td>Jan. 29</td><td>30,803</td><td>14,103</td><td>237</td><td>845</td><td>2</td><td>33</td><td>1,237</td><td>-</td><td>14</td><td>13</td><td>16,484</td><td>5,747</td><td>1,376</td><td>6,868</td><td>328</td><td>7,196</td><td>-</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>17,131</td><td>7,291</td><td>11</td><td>758</td><td>-</td><td>-</td><td>742</td><td>-</td><td>-</td><td>-</td><td>8,802</td><td>4,235</td><td>1,098</td><td>2,893</td><td>103</td><td>2,996</td><td>-</td></tr><tr><td>Jan. 15</td><td>15,949</td><td>5,945</td><td>11</td><td>758</td><td>-</td><td>-</td><td>742</td><td>-</td><td>3</td><td>-</td><td>7,459</td><td>4,207</td><td>1,089</td><td>3,093</td><td>101</td><td>3,194</td><td>-</td></tr><tr><td>Jan. 22</td><td>15,157</td><td>5,565</td><td>11</td><td>758</td><td>-</td><td>-</td><td>742</td><td>-</td><td>-</td><td>-</td><td>7,076</td><td>3,769</td><td>1,130</td><td>3,092</td><td>100</td><td>3,192</td><td>-</td></tr><tr><td>Jan. 29</td><td>13,084</td><td>4,253</td><td>11</td><td>758</td><td>-</td><td>3</td><td>742</td><td>-</td><td>-</td><td>-</td><td>5,767</td><td>3,046</td><td>1,130</td><td>3,040</td><td>101</td><td>3,141</td><td>-</td></tr><tr><td>Contracts for sale to domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 8</td><td>20,800</td><td>9,757</td><td>163</td><td>87</td><td>2</td><td>31</td><td>495</td><td>-</td><td>54</td><td>19</td><td>10,608</td><td>5,167</td><td>266</td><td>4,254</td><td>505</td><td>4,759</td><td>-</td></tr><tr><td>Jan. 15</td><td>19,419</td><td>9,409</td><td>235</td><td>87</td><td>-</td><td>31</td><td>495</td><td>-</td><td>8</td><td>19</td><td>10,284</td><td>4,236</td><td>252</td><td>4,237</td><td>410</td><td>4,647</td><td>-</td></tr><tr><td>Jan. 22</td><td>19,079</td><td>9,848</td><td>238</td><td>87</td><td>-</td><td>31</td><td>495</td><td>4</td><td>14</td><td>14</td><td>10,731</td><td>3,632</td><td>249</td><td>4,085</td><td>376</td><td>4,461</td><td>6</td></tr><tr><td>Jan. 29</td><td>17,719</td><td>9,850</td><td>226</td><td>87</td><td>2</td><td>30</td><td>495</td><td>-</td><td>14</td><td>13</td><td>10,717</td><td>2,701</td><td>246</td><td>3,828</td><td>227</td><td>4,055</td><td>-</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for January 1941
[In thousands of dollars. Long position (+) or short position (-)]
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="13">Currency of:</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Jan. 8.</td><td>-8,600</td><td>278</td><td>-287</td><td>-937</td><td>-27</td><td>-240</td><td>-1,773</td><td>-78</td><td>32</td><td>-303</td><td>-3,335</td><td>867</td><td>-53</td><td>-4,762</td><td>-1,195</td><td>-5,957</td><td>-122</td></tr><tr><td>Jan. 15.</td><td>-8,447</td><td>-172</td><td>-350</td><td>-933</td><td>-14</td><td>-146</td><td>-1,672</td><td>-40</td><td>-7</td><td>-310</td><td>-3,644</td><td>1,000</td><td>-207</td><td>-4,548</td><td>-1,060</td><td>-5,608</td><td>12</td></tr><tr><td>Jan. 22.</td><td>-7,942</td><td>166</td><td>-357</td><td>-935</td><td>-21</td><td>-197</td><td>-1,657</td><td>-30</td><td>98</td><td>-294</td><td>-3,227</td><td>991</td><td>-237</td><td>-4,471</td><td>-1,003</td><td>-5,474</td><td>5</td></tr><tr><td>Jan. 29.</td><td>-8,173</td><td>408</td><td>-315</td><td>-933</td><td>-24</td><td>-220</td><td>-1,709</td><td>14</td><td>110</td><td>-326</td><td>-2,995</td><td>983</td><td>-188</td><td>-4,724</td><td>-1,294</td><td>-6,018</td><td>45</td></tr></table>
GOLD AND SILVER STATISTICS
— 58 —
59
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 colspan="4">Liabilities</th></tr><tr><th></th><th></th><th>Gold Certificates 1/</th><th>Gold Reserve against U. S. notes, etc. 2/</th><th>Stabilization Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,043.4</td><td>15,278.5</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>1940</td><td>21,994.5</td><td>19,825.4</td><td>156.0</td><td>1,800.0</td><td>213.2</td></tr><tr><td>1940-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>18,683.8</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><tr><td>December</td><td>21,994.5</td><td>19,825.4</td><td>156.0</td><td>1,800.0</td><td>213.2</td></tr><tr><td>1941-January</td><td>22,115.7</td><td>19,977.6</td><td>156.0</td><td>1,800.0</td><td>182.1</td></tr><tr><td>February</td><td>22,231.2</td><td>20,094.7</td><td>156.0</td><td>1,800.0</td><td>180.4</td></tr><tr><td>March</td><td>22,367.0</td><td>20,175.9</td><td>156.0</td><td>1,800.0</td><td>235.0</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 credit 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
(In millions of dollars at $35 per fine ounce)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>France</th><th>Nether-lande</th><th>Switzer-land</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</th><th>British India</th><th>Aus-tralia</th><th>Philip-pine Islands</th><th>Co-lombia</th><th>Chile</th><th>Peru</th><th>China 1/</th><th>All other</th><th>Total net import or net ex-ports (-)</th></tr><tr><td>1934</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936</td><td>174.1</td><td>573.7</td><td>71.0</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,116.6</td></tr><tr><td>1937</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.8</td><td>34.7</td><td>25.4</td><td>18.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1939</td><td>1,826.4</td><td>3.8</td><td>341.6</td><td>87.0</td><td>613.0</td><td>33.6</td><td>165.6</td><td>165.2</td><td>53.3</td><td>74.3</td><td>35.6</td><td>23.2</td><td>10.1</td><td>5.3</td><td>28.1</td><td>108.1</td><td>3,574.2</td></tr><tr><td>1940</td><td>633.0</td><td>241.6</td><td>63.3</td><td>90.2</td><td>2,622.4</td><td>29.7</td><td>111.7</td><td>1.0</td><td>49.9</td><td>103.8</td><td>38.7</td><td>23.9</td><td>10.7</td><td>10.3</td><td>26.4</td><td>688.0</td><td>4,744.6</td></tr><tr><td>1940-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><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>43.6</td><td>-</td><td>3.3</td><td>32.6</td><td>55.0</td><td>2.4</td><td>4.7</td><td>-</td><td>3.1</td><td>3.4</td><td>3.4</td><td>2.1</td><td>1.2</td><td>.5</td><td>1.7</td><td>92.9</td><td>249.9</td></tr><tr><td>May</td><td>62.0</td><td>-</td><td>9.4</td><td>11.5</td><td>281.2</td><td>2.3</td><td>4.7</td><td>-</td><td>4.3</td><td>5.2</td><td>2.4</td><td>2.1</td><td>1.2</td><td>1.5</td><td>4.0</td><td>43.3</td><td>435.1</td></tr><tr><td>June</td><td>128.0</td><td>241.6</td><td>3.7</td><td>2.1</td><td>716.7</td><td>4.2</td><td>3.4</td><td>-</td><td>2.4</td><td>6.6</td><td>3.9</td><td>2.1</td><td>.3</td><td>.6</td><td>1.5</td><td>45.9</td><td>1,163.0</td></tr><tr><td>July</td><td>301.7</td><td>-</td><td>-</td><td>-</td><td>172.3</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>5.3</td><td>2.8</td><td>5.9</td><td>.8</td><td>1.5</td><td>1.6</td><td>26.2</td><td>520.0</td></tr><tr><td>August</td><td>10.8</td><td>-</td><td>-</td><td>-</td><td>264.3</td><td>10.3</td><td>-</td><td>-</td><td>1.0</td><td>6.7</td><td>3.7</td><td>4.5</td><td>.9</td><td>.5</td><td>3.8</td><td>45.1</td><td>351.6</td></tr><tr><td>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><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>1.7</td><td>-</td><td>-</td><td>-</td><td>222.7</td><td>.5</td><td>11.8</td><td>-</td><td>.8</td><td>14.8</td><td>2.7</td><td>-</td><td>.4</td><td>.5</td><td>.6</td><td>69.5</td><td>326.0</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><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><tr><td>December</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>80.4</td><td>.3</td><td>13.3</td><td>-</td><td>7.4</td><td>15.0</td><td>3.3</td><td>2.8</td><td>1.1</td><td>1.2</td><td>.1</td><td>12.2</td><td>137.2</td></tr><tr><td>1941-January</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>46.9</td><td>1.1</td><td>6.1</td><td>-</td><td>4.5</td><td>11.1</td><td>3.2</td><td>3.2</td><td>.5</td><td>1.2</td><td>.8</td><td>155.02/</td><td>234.2</td></tr><tr><td>February</td><td>1.2</td><td>-</td><td>-</td><td>.3</td><td>81.5</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>6.7</td><td>2.8</td><td>-</td><td>1.1</td><td>.6</td><td>.1</td><td>13.6</td><td>108.6</td></tr><tr><td>March</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>95.6</td><td>.9</td><td>3.0</td><td>-</td><td>-</td><td>6.3</td><td>4.0</td><td>2.2</td><td>.3</td><td>.2</td><td>-</td><td>5.3</td><td>118.6</td></tr></table>
Source: U. S. Department of Commerce.
1/ Includes Hong Kong.
2/ From South Africa $149.7 million.
Treasury Gold Receipts
(In millions of dollars at $35 per fine ounce)
<table><tr><th></th><th>Newly-mined domestic gold</th><th>Gold received by importation or released for exportation (-) 1/</th><th>Miscellaneous 2/</th><th>Total</th></tr><tr><td>1937 - Jan.-Mar....</td><td>32.93</td><td>277.22</td><td>6.00</td><td>316.15</td></tr><tr><td>Apr.-June....</td><td>36.46</td><td>691.37</td><td>16.61</td><td>744.44</td></tr><tr><td>July-Sept....</td><td>45.85</td><td>371.80</td><td>4.40</td><td>422.05</td></tr><tr><td>Oct.-Dec....</td><td>45.61</td><td>-30.80</td><td>4.95</td><td>19.76</td></tr><tr><td>1938 - Jan.-Mar....</td><td>38.23</td><td>-7.67</td><td>3.83</td><td>34.39</td></tr><tr><td>Apr.-June....</td><td>40.42</td><td>124.59</td><td>3.54</td><td>168.55</td></tr><tr><td>July-Sept....</td><td>47.22</td><td>743.96</td><td>5.25</td><td>796.43</td></tr><tr><td>Oct.-Dec....</td><td>49.12</td><td>701.00</td><td>1.75</td><td>751.87</td></tr><tr><td>1935 - Jan.-Mar....</td><td>44.40</td><td>699.30</td><td>3.31</td><td>747.01</td></tr><tr><td>Apr.-June....</td><td>43.69</td><td>804.96</td><td>3.11</td><td>851.76</td></tr><tr><td>July-Sept....</td><td>52.34</td><td>765.95</td><td>3.24</td><td>821.53</td></tr><tr><td>Oct.-Dec....</td><td>51.62</td><td>657.47</td><td>2.84</td><td>711.93</td></tr><tr><td>1940 - Jan.-Mar....</td><td>46.77</td><td>739.62</td><td>2.93</td><td>789.32</td></tr><tr><td>Apr.-June....</td><td>46.37</td><td>1,480.79</td><td>3.14</td><td>1,530.30</td></tr><tr><td>July-Sept....</td><td>52.27</td><td>1,225.88</td><td>3.16</td><td>1,281.31</td></tr><tr><td>Oct.-Dec....</td><td>73.63</td><td>674.04</td><td>2.50</td><td>750.17</td></tr><tr><td>1941 - Jan.-Mar....</td><td>49.67</td><td>320.20</td><td>2.59</td><td>372.46</td></tr></table>
1/ Includes gold released from earmark or gold placed under earmark. 2/ Comprises domestic coin, secondary gold, etc.
Increment Resulting from the Reduction in the Weight of the Gold Dollar, March 31, 1941
<table><tr><th></th><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of allocated increment</th></tr><tr><td>Exchange Stabilization Fund.....</td><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td><td>-</td></tr><tr><td>Payments to Federal Reserve Banks for Industrial Loans..</td><td>139,299,556.99</td><td>27,546,310.97</td><td>$111,753,246.02</td></tr><tr><td>Philippine Currency Reserve...</td><td>23,862,750.78</td><td>-</td><td>23,862,750.78</td></tr><tr><td>Melting Losses on Gold Coin....</td><td>2,175,121.93</td><td>1,843,584.96</td><td>331,536.97</td></tr><tr><td>Retirement of National Bank Notes........</td><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>Unassigned.....</td><td>7,150,447.48</td><td>-</td><td>7,150,447.48</td></tr><tr><td>Total Increment.</td><td>$2,817,875,842.63</td><td>$2,674,777,861.38</td><td>$143,097,981.25</td></tr></table>
This amount included in the "Balance in the General Fund of the Treasury".
MONETARY STOCKS OF GOLD AND SILVER IN THE UNITED STATES
Gold per Ounce $35.00; Silver per Ounce $1.29
61
Monetary Stocks of Gold and Silver
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1940-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>15.8</td></tr><tr><td>November</td><td>21,800.8</td><td>4,038.9</td><td>15.6</td></tr><tr><td>December</td><td>21,994.8</td><td>4,060.0</td><td>15.6</td></tr><tr><td>1941-January</td><td>22,116.5</td><td>4,078.6</td><td>15.6</td></tr><tr><td>February</td><td>22,231.9</td><td>4,092.5</td><td>15.5</td></tr><tr><td>March</td><td>22,367.0 p</td><td>4,102.9 p</td><td>15.5 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>End of calendar year or month</th><th colspan="3">Silver held in Treasury</th><th colspan="3">Silver outside Treasury</th><th>Total silver at $1.29 per ounce</th></tr><tr><th></th><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th colspan="2"></th><th></th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Sub- edi- ary coin 2/</th><th>Bullion for recoin- age 2/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Sub- ediary coin 2/</th><th></th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>-.2</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>-.2</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>-.2</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1940-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>-.3</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>-.3</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.</td><td>1,390.2</td><td>496.1</td><td>1.5</td><td>-.1</td><td>655.6</td><td>51.0</td><td>417.7</td><td>4,038.9</td></tr><tr><td>Dec.</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>-.1</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1941-Jan.</td><td>1,405.7</td><td>494.6</td><td>5.3</td><td>-.1</td><td>659.9</td><td>52.5</td><td>422.1</td><td>4,078.6</td></tr><tr><td>Feb.</td><td>1,411.8</td><td>494.2</td><td>5.4</td><td>.3</td><td>662.5</td><td>52.8</td><td>422.3</td><td>4,092.5</td></tr><tr><td>Mar.p.</td><td>1,417.7</td><td>494.0</td><td>3.8</td><td>-.3</td><td>665.0</td><td>52.8</td><td>422.3</td><td>4,102.9</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p Preliminary. 1/ Valued at $1.29+ per ounce. 2/ Valued at $1.38+ per ounce.
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- leed 2/</th><th colspan="2">Foreign 1/</th><th colspan="2">Total</th></tr><tr><th></th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lare</th><th>Own- ces</th><th>Dol- lare</th></tr><tr><td>1934</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936</td><td>61.1</td><td>47.3</td><td>4</td><td>.2</td><td>271.9</td><td>150.3</td><td>333.4</td><td>197.8</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>163.3</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>40.1</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td><td>343.3</td><td>160.6</td></tr><tr><td>1940</td><td>68.3</td><td>48.5</td><td>-</td><td>-</td><td>139.8</td><td>50.9</td><td>208.0</td><td>99.4</td></tr><tr><td>1940-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>3.6</td><td>-</td><td>-</td><td>6.3</td><td>2.2</td><td>10.9</td><td>5.8</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>3.7</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><tr><td>Dec.</td><td>7.2</td><td>5.1</td><td>-</td><td>-</td><td>9.0</td><td>3.2</td><td>16.2</td><td>8.3</td></tr><tr><td>1941-Jan.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>7.9</td><td>2.8</td><td>14.4</td><td>7.4</td></tr><tr><td>Feb.</td><td>5.9</td><td>4.2</td><td>-</td><td>-</td><td>4.8</td><td>1.7</td><td>10.7</td><td>5.9</td></tr><tr><td>Mar.</td><td>5.7</td><td>4.1</td><td>-</td><td>-</td><td>6.0</td><td>2.1</td><td>11.7</td><td>6.2</td></tr></table>
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 84.04 cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11 cents since July 1, 1939. 
Acquired at 50.01 cents per fine ounce. Executive Proclamation of August 9, 1934, repealed April 28, 1938. 
Acquired at various prices averaging approximately 51 cents per ounce.
62
Signiorage 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>Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Newly-mined silver (Act July 6, 1939)</th><th>Silver Purchase Act of June 19, 1934</th><th>Nationalised silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver revalued</th><th>Potential seigniorage on silver bullion at cost in General Fund 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>34.1</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</td><td>122.2</td><td>48.7</td><td>87.6</td><td>25.7</td><td>562.7</td><td>34.7</td><td>759.4</td><td>1,055.8</td></tr><tr><td>1941-February</td><td>125.3</td><td>48.7</td><td>87.6</td><td>27.7</td><td>564.7</td><td>34.7</td><td>763.4</td><td>1,062.9</td></tr><tr><td>February</td><td>127.0</td><td>48.7</td><td>87.6</td><td>29.6</td><td>565.9</td><td>34.7</td><td>766.5</td><td>1,069.8</td></tr><tr><td>March</td><td>128.3</td><td>48.7</td><td>87.6</td><td>31.5</td><td>567.0</td><td>34.7</td><td>769.5</td><td>1,074.9</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 Indie 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>77,484</td><td>19,901</td><td>16,539</td><td>56,858</td><td>19,704</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td></tr><tr><td>1937</td><td>274,538</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,708</td><td>61,725</td><td>21,053</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,913</td><td>5,200</td></tr><tr><td>1938</td><td>267,765 r</td><td>61,689</td><td>23,826</td><td>81,019</td><td>20,424</td><td>15,869 r</td><td>64,939 r</td><td>22,747 r</td><td>15,043</td><td>13,115</td><td>5,947</td><td>2,451 r</td><td>5,636 r</td></tr><tr><td>1939</td><td>265,262 r</td><td>63,872</td><td>24,538</td><td>75,871 r</td><td>18,802</td><td>17,497 r</td><td>64,683 r</td><td>21,224 r</td><td>15,417 r</td><td>14,015</td><td>5,943 r</td><td>2,670 r</td><td>5,414 r</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>1,604</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>6,851</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>22,836</td><td>4,919</td><td>1,791</td><td>8,120</td><td>1,500</td><td>1,401</td><td>5,605</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September</td><td>23,835 r</td><td>5,049</td><td>1,795</td><td>7,990</td><td>2,000</td><td>1,388</td><td>5,613 r</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October</td><td>23,000 r</td><td>5,609</td><td>1,673</td><td>7,090</td><td>1,600</td><td>1,418 r</td><td>5,610</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November</td><td>23,743</td><td>6,367</td><td>1,708</td><td>7,104</td><td>1,600</td><td>1,350</td><td>5,614</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December</td><td>5/</td><td>6,499</td><td>5/</td><td>4,568</td><td>1,600</td><td>5/</td><td>5/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-January</td><td>5/</td><td>5,733</td><td>5/</td><td>8,750</td><td>1,550</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 animal figures through 1939; releases of American Bureau of Metal Statistics for all later figures. Revised. 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.
63
Net Movement of Silver to and from the United States
(In thousands of dollars)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>351</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,738</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>1940</td><td>343</td><td>-1,168</td><td>6,487</td><td>25,811</td><td>21</td><td>1,313</td><td>6,260</td><td>2,318</td></tr><tr><td>1940-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>147</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>44</td><td>458</td><td>129</td></tr><tr><td>December</td><td>-</td><td>-79</td><td>438</td><td>2,390</td><td>3</td><td>15</td><td>715</td><td>225</td></tr><tr><td>1941-January</td><td>-</td><td>-234</td><td>686</td><td>2,137</td><td>-</td><td>20</td><td>469</td><td>99</td></tr><tr><td>February</td><td>-363</td><td>-16</td><td>401</td><td>1,821</td><td>3</td><td>43</td><td>418</td><td>120</td></tr><tr><td>March</td><td>-</td><td>-161</td><td>394</td><td>2,594</td><td>3</td><td>109</td><td>262</td><td>138</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>242</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>1940</td><td>314</td><td>1</td><td>396</td><td>10,308</td><td>1,154</td><td>1,202</td><td>54,760</td></tr><tr><td>1940-March</td><td>48</td><td>-</td><td>-</td><td>1,419</td><td>118</td><td>52</td><td>5,067</td></tr><tr><td>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><tr><td>December</td><td>-</td><td>-</td><td>-</td><td>044</td><td>67</td><td>149</td><td>4,567</td></tr><tr><td>1941-January</td><td>311</td><td>-</td><td>3</td><td>593</td><td>107</td><td>66</td><td>4,256</td></tr><tr><td>February</td><td>-102</td><td>-</td><td>-</td><td>263</td><td>-198</td><td>85</td><td>2,475</td></tr><tr><td>March</td><td>-</td><td>-</td><td>-</td><td>772</td><td>-723</td><td>83</td><td>3,441</td></tr></table>
Source: U. S. Department of Commerce. 1/ Includee net import of $12,950,000 from France. 2/ Includee net import of $9,791,000 from Siam.
OTHER TREASURY STATISTICS
64
65
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
<table><tr><th rowspan="2"></th><th colspan="13">Number of vessels</th></tr><tr><th>Calendar year</th><th colspan="11">1940</th><th colspan="2">1941</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Grand total</td><td>34,192</td><td>33,422</td><td>1,868</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>3,160</td><td>3,079</td><td>2,571</td><td>1,875</td><td>1,825</td><td>1,801</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>7,963</td><td>8,854</td><td>27</td><td>25</td><td>308</td><td>998</td><td>1,233</td><td>1,596</td><td>1,705</td><td>1,038</td><td>997</td><td>748</td><td>158</td><td>50</td><td>64</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>26,229</td><td>24,568</td><td>1,841</td><td>2,012</td><td>1,827</td><td>2,057</td><td>2,207</td><td>2,439</td><td>2,501</td><td>2,122</td><td>2,082</td><td>1,823</td><td>1,717</td><td>1,775</td><td>1,737</td></tr><tr><td>American vessels</td><td>7,822</td><td>7,577</td><td>511</td><td>559</td><td>544</td><td>756</td><td>751</td><td>856</td><td>841</td><td>644</td><td>607</td><td>492</td><td>486</td><td>468</td><td>489</td></tr><tr><td>Foreign vessels</td><td>18,407</td><td>16,991</td><td>1,330</td><td>1,453</td><td>1,283</td><td>1,301</td><td>1,456</td><td>1,633</td><td>1,660</td><td>1,478</td><td>1,475</td><td>1,331</td><td>1,231</td><td>1,307</td><td>1,248</td></tr><tr><td>Belgian</td><td>102</td><td>117</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><td>4</td><td>3</td><td>5</td><td>4</td></tr><tr><td>British</td><td>9,954</td><td>9,482</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>889</td><td>758</td><td>604</td><td>724</td><td>706</td></tr><tr><td>Danish</td><td>604</td><td>150</td><td>48</td><td>40</td><td>8</td><td>1</td><td>3</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>2</td><td>1</td></tr><tr><td>Dutch</td><td>653</td><td>537</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><td>40</td><td>36</td><td>52</td><td>35</td></tr><tr><td>Finnish</td><td>85</td><td>160</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><td>25</td><td>18</td><td>22</td><td>30</td></tr><tr><td>French</td><td>285</td><td>137</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><td>1</td><td>5</td><td>4</td><td>8</td></tr><tr><td>German</td><td>334</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Greek</td><td>247</td><td>323</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><td>25</td><td>25</td><td>22</td><td>21</td></tr><tr><td>Honduran</td><td>699</td><td>860</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><td>72</td><td>66</td><td>71</td><td>68</td></tr><tr><td>Italian</td><td>278</td><td>161</td><td>31</td><td>27</td><td>28</td><td>37</td><td>12</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Japanese</td><td>793</td><td>762</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><td>76</td><td>55</td><td>54</td><td>54</td></tr><tr><td>Nicaraguan</td><td>149</td><td>95</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><td>7</td><td>9</td><td>10</td><td>8</td></tr><tr><td>Norwegian</td><td>2,744</td><td>2,225</td><td>238</td><td>262</td><td>192</td><td>175</td><td>180</td><td>188</td><td>176</td><td>159</td><td>138</td><td>137</td><td>155</td><td>155</td><td>151</td></tr><tr><td>Panamanian</td><td>580</td><td>746</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><td>79</td><td>79</td><td>69</td><td>67</td></tr><tr><td>Swedish</td><td>467</td><td>304</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><td>24</td><td>37</td><td>28</td><td>25</td></tr><tr><td>Other flags</td><td>433</td><td>852</td><td>55</td><td>70</td><td>58</td><td>66</td><td>74</td><td>75</td><td>85</td><td>69</td><td>72</td><td>83</td><td>78</td><td>89</td><td>71</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="11">1940</th><th colspan="2">1941</th></tr><tr><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Grand total</td><td>70,306</td><td>62,185</td><td>4,279</td><td>4,637</td><td>4,759</td><td>5,845</td><td>5,915</td><td>6,340</td><td>6,331</td><td>5,405</td><td>5,432</td><td>5,040</td><td>3,840</td><td>3,839</td><td>3,636</td></tr><tr><td>Cleared to Canadian Great Lakee porte</td><td>12,030</td><td>13,769</td><td>87</td><td>81</td><td>667</td><td>1,674</td><td>2,008</td><td>2,125</td><td>2,098</td><td>1,662</td><td>1,605</td><td>1,438</td><td>259</td><td>139</td><td>212</td></tr><tr><td>Cleared to coastal and oversea porte</td><td>58,276</td><td>48,416</td><td>4,192</td><td>4,556</td><td>4,092</td><td>4,171</td><td>3,907</td><td>4,215</td><td>4,233</td><td>3,743</td><td>3,827</td><td>3,602</td><td>3,581</td><td>3,700</td><td>3,424</td></tr><tr><td>American vessels</td><td>14,869</td><td>16,604</td><td>1,237</td><td>1,407</td><td>1,424</td><td>1,504</td><td>1,481</td><td>1,548</td><td>1,531</td><td>1,303</td><td>1,399</td><td>1,204</td><td>1,244</td><td>1,186</td><td>1,317</td></tr><tr><td>Foreign vessels</td><td>43,407</td><td>31,812</td><td>2,955</td><td>3,149</td><td>2,668</td><td>2,667</td><td>2,426</td><td>2,667</td><td>2,702</td><td>2,440</td><td>2,428</td><td>2,398</td><td>2,337</td><td>2,514</td><td>2,107</td></tr><tr><td>Belgian</td><td>371</td><td>438</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><td>15</td><td>7</td><td>18</td><td>16</td></tr><tr><td>British</td><td>14,904</td><td>10,390</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>790</td><td>792</td><td>743</td><td>896</td><td>651</td></tr><tr><td>Danish</td><td>1,480</td><td>346</td><td>112</td><td>94</td><td>27</td><td>4</td><td>9</td><td>3</td><td>-</td><td>7</td><td>790</td><td>-</td><td>-</td><td>12</td><td>-</td></tr><tr><td>Dutch</td><td>2,968</td><td>2,000</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><td>107</td><td>93</td><td>160</td><td>88</td></tr><tr><td>Finnish</td><td>137</td><td>273</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><td>38</td><td>26</td><td>31</td><td>42</td></tr><tr><td>French</td><td>1,922</td><td>503</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><td>1</td><td>10</td><td>8</td><td>17</td></tr><tr><td>German</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><td>-</td></tr><tr><td>Greek</td><td>833</td><td>988</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><td>67</td><td>71</td><td>57</td><td>54</td></tr><tr><td>Bonduran</td><td>914</td><td>1,176</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><td>97</td><td>95</td><td>107</td><td>98</td></tr><tr><td>Italian</td><td>1,982</td><td>885</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><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>3,839</td><td>3,784</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><td>385</td><td>277</td><td>259</td><td>268</td></tr><tr><td>Nicaraguan</td><td>65</td><td>39</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><td>3</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Norwegian</td><td>7,417</td><td>5,505</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>351</td><td>373</td><td>421</td><td>399</td><td>417</td></tr><tr><td>Panamanian</td><td>2,097</td><td>2,653</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><td>288</td><td>297</td><td>285</td><td>228</td></tr><tr><td>Swedish</td><td>1,454</td><td>1,050</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><td>52</td><td>109</td><td>90</td><td>76</td></tr><tr><td>Other flags</td><td>883</td><td>1,782</td><td>123</td><td>142</td><td>119</td><td>132</td><td>156</td><td>159</td><td>171</td><td>128</td><td>156</td><td>180</td><td>185</td><td>189</td><td>140</td></tr></table>
66
Vessels Cleared from the United States, Direct for Foreign Ports,
Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="11">Number of vessels 1940</th><th colspan="2">1941</th></tr><tr><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Ashbuile.</td><td>236</td><td>297</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><td>28</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Baltimore.</td><td>679</td><td>765</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><td>51</td><td>55</td><td>60</td><td>52</td></tr><tr><td>Boston.</td><td>804</td><td>699</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><td>41</td><td>55</td><td>64</td><td>53</td></tr><tr><td>Buffalo.</td><td>455</td><td>341</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><td>55</td><td>5</td><td>-</td><td>-</td></tr><tr><td>Corpus Christi.</td><td>275</td><td>138</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><td>6</td><td>6</td><td>1</td><td>5</td></tr><tr><td>Detroit.</td><td>1,013</td><td>1,218</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><td>126</td><td>62</td><td>10</td><td>-</td></tr><tr><td>Galveston.</td><td>469</td><td>345</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><td>23</td><td>19</td><td>14</td><td>17</td></tr><tr><td>Houston.</td><td>542</td><td>330</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><td>25</td><td>24</td><td>19</td><td>19</td></tr><tr><td>Los Angeles.</td><td>1,392</td><td>1,169</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><td>103</td><td>94</td><td>99</td><td>81</td></tr><tr><td>Miami.</td><td>943</td><td>1,021</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><td>65</td><td>67</td><td>63</td><td>61</td></tr><tr><td>Mobile.</td><td>322</td><td>360</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><td>25</td><td>23</td><td>22</td><td>21</td></tr><tr><td>New Orleans.</td><td>1,156</td><td>1,181</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><td>92</td><td>85</td><td>103</td><td>78</td></tr><tr><td>New York.</td><td>3,929</td><td>3,767</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><td>288</td><td>299</td><td>295</td><td>270</td></tr><tr><td>Norfolk & Newport News.</td><td>639</td><td>824</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><td>48</td><td>61</td><td>61</td><td>58</td></tr><tr><td>Philadelphia.</td><td>564</td><td>684</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><td>56</td><td>63</td><td>65</td><td>57</td></tr><tr><td>Port Angeles, Wash.</td><td>1,437</td><td>1,204</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><td>85</td><td>66</td><td>78</td><td>83</td></tr><tr><td>Port Arthur.</td><td>309</td><td>214</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><td>17</td><td>12</td><td>8</td><td>9</td></tr><tr><td>Rochester.</td><td>595</td><td>929</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><td>60</td><td>39</td><td>40</td><td>64</td></tr><tr><td>San Francisco.</td><td>530</td><td>476</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><td>33</td><td>37</td><td>34</td><td>30</td></tr><tr><td>Savannah.</td><td>209</td><td>152</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><td>6</td><td>7</td><td>13</td><td>7</td></tr><tr><td>Seattle.</td><td>1,682</td><td>1,682</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><td>129</td><td>116</td><td>55</td><td>105</td></tr><tr><td>Toledo.</td><td>642</td><td>1,131</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><td>120</td><td>17</td><td>-</td><td>-</td></tr><tr><td>Other ports.</td><td>15,370</td><td>14,435</td><td>569</td><td>653</td><td>750</td><td>1,251</td><td>1,545</td><td>2,112</td><td>2,306</td><td>1,440</td><td>1,467</td><td>1,089</td><td>663</td><td>721</td><td>731</td></tr><tr><td>Total.</td><td>34,192</td><td>33,422</td><td>1,868</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>3,160</td><td>3,079</td><td>2,571</td><td>1,875</td><td>1,825</td><td>1,801</td></tr></table>
Net registered tonnage (in thousands of tons)
<table><tr><th></th><th colspan="2">Calendar year</th><th colspan="10">1940</th><th colspan="2">1941</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th></tr><tr><td>Ashetabule.</td><td>601</td><td>913</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><td>85</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Baltimore.</td><td>1,880</td><td>2,306</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><td>166</td><td>176</td><td>186</td><td>209</td></tr><tr><td>Boston.</td><td>2,530</td><td>1,685</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><td>125</td><td>129</td><td>163</td><td>161</td></tr><tr><td>Buffalo.</td><td>985</td><td>695</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><td>116</td><td>18</td><td>-</td><td>-</td></tr><tr><td>Corpus Christi.</td><td>1,258</td><td>619</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><td>25</td><td>24</td><td>5</td><td>5</td></tr><tr><td>Detroit.</td><td>1,538</td><td>1,575</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><td>171</td><td>39</td><td>4</td><td>-</td></tr><tr><td>Galveston.</td><td>1,354</td><td>954</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><td>51</td><td>57</td><td>39</td><td>44</td></tr><tr><td>Houston.</td><td>2,230</td><td>1,221</td><td>143</td><td>110</td><td>89</td><td>118</td><td>55</td><td>104</td><td>90</td><td>94</td><td>111</td><td>91</td><td>86</td><td>68</td><td>74</td></tr><tr><td>Los Angeles.</td><td>5,553</td><td>4,523</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><td>404</td><td>382</td><td>370</td><td>332</td></tr><tr><td>Miami.</td><td>886</td><td>878</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><td>48</td><td>51</td><td>28</td><td>23</td></tr><tr><td>Mobile.</td><td>542</td><td>561</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><td>36</td><td>41</td><td>44</td><td>47</td></tr><tr><td>New Orleans.</td><td>3,071</td><td>2,926</td><td>273</td><td>255</td><td>216</td><td>264</td><td>237</td><td>268</td><td>236</td><td>225</td><td>290</td><td>107</td><td>241</td><td>258</td><td>207</td></tr><tr><td>New York.</td><td>19,566</td><td>14,078</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><td>981</td><td>987</td><td>1,011</td><td>961</td></tr><tr><td>Norfolk & Newport News.</td><td>1,677</td><td>2,132</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><td>140</td><td>152</td><td>165</td><td>140</td></tr><tr><td>Philadelphia.</td><td>1,580</td><td>2,095</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><td>174</td><td>194</td><td>196</td><td>188</td></tr><tr><td>Port Angeles, Wash.</td><td>889</td><td>947</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><td>58</td><td>59</td><td>66</td><td>60</td></tr><tr><td>Port Arthur.</td><td>1,316</td><td>783</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><td>54</td><td>42</td><td>27</td><td>30</td></tr><tr><td>Rochester.</td><td>1,407</td><td>1,814</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><td>156</td><td>132</td><td>135</td><td>212</td></tr><tr><td>San Francisco.</td><td>2,159</td><td>1,761</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><td>117</td><td>113</td><td>123</td><td>111</td></tr><tr><td>Savannah.</td><td>554</td><td>433</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><td>17</td><td>26</td><td>35</td><td>20</td></tr><tr><td>Seattle.</td><td>3,198</td><td>3,054</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><td>241</td><td>221</td><td>143</td><td>188</td></tr><tr><td>Toledo.</td><td>1,368</td><td>2,031</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><td>213</td><td>25</td><td>-</td><td>-</td></tr><tr><td>Other ports.</td><td>14,104</td><td>14,201</td><td>627</td><td>570</td><td>936</td><td>1,445</td><td>1,586</td><td>1,801</td><td>1,767</td><td>1,395</td><td>1,338</td><td>1,404</td><td>645</td><td>773</td><td>624</td></tr><tr><td>Total.</td><td>70,306</td><td>62,185</td><td>4,279</td><td>4,637</td><td>4,759</td><td>5,845</td><td>5,915</td><td>6,340</td><td>6,331</td><td>5,405</td><td>5,432</td><td>5,040</td><td>3,840</td><td>3,839</td><td>3,636</td></tr></table>
67
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th rowspan="2"></th><th colspan="4">1940</th><th colspan="2">1941</th><th colspan="5">Distribution by originating organisation, February 1941</th></tr><tr><th>September</th><th>October</th><th>November</th><th>December</th><th>January</th><th>February</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><b>Inventory</b></td><td></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>20,465</td><td>21,361</td><td>20,028</td><td>18,515</td><td>18,185</td><td>18,048</td><td>14,629</td><td>250</td><td>1,878</td><td>924</td><td>367</td></tr><tr><td>New cases</td><td>2,949</td><td>2,724</td><td>2,493</td><td>2,775</td><td>2,731</td><td>2,751</td><td>2,227</td><td>52</td><td>243</td><td>221</td><td>8</td></tr><tr><td>Cases closed</td><td>2,053</td><td>4,057</td><td>4,006</td><td>3,105</td><td>2,868</td><td>2,081</td><td>1,469</td><td>47</td><td>372</td><td>173</td><td>20</td></tr><tr><td>Number of cases pending end of month</td><td>21,361</td><td>20,028</td><td>18,515</td><td>18,185</td><td>18,048</td><td>18,718</td><td>15,387</td><td>255</td><td>1,749</td><td>972</td><td>355</td></tr><tr><td>Net change in cases pending</td><td>+896</td><td>-1,333</td><td>-1,513</td><td>-330</td><td>-137</td><td>+670</td><td>+758</td><td>+5</td><td>-129</td><td>+48</td><td>-12</td></tr><tr><td><b>Disposition of cases closed</b></td><td></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>135</td><td>202</td><td>259</td><td>124</td><td>190</td><td>206</td><td>147</td><td>-</td><td>37</td><td>22</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/</td><td>1,918</td><td>3,855</td><td>3,747</td><td>2,981</td><td>2,678</td><td>1,875</td><td>1,322</td><td>47</td><td>335</td><td>151</td><td>20</td></tr><tr><td>Total number of cases closed</td><td>2,053</td><td>4,057</td><td>4,006</td><td>3,105</td><td>2,868</td><td>2,081</td><td>1,469</td><td>47</td><td>372</td><td>173</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>17</td><td>16</td><td>12</td><td>11</td><td>17</td><td>25</td><td>31</td><td>13</td><td>5</td><td>4</td><td>4</td></tr><tr><td>After indictment</td><td>10</td><td>6</td><td>9</td><td>8</td><td>10</td><td>9</td><td>10</td><td>17</td><td>7</td><td>2</td><td>4</td></tr><tr><td>Acquitted</td><td>3</td><td>5</td><td>4</td><td>5</td><td>3</td><td>2</td><td>2</td><td>-</td><td>1</td><td>4</td><td>4</td></tr><tr><td>Total released</td><td>30</td><td>27</td><td>25</td><td>24</td><td>30</td><td>36</td><td>43</td><td>30</td><td>13</td><td>10</td><td>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>5</td><td>8</td><td>8</td><td>7</td><td>6</td><td>6</td><td>5</td><td>2</td><td>16</td><td>4</td><td>4</td></tr><tr><td>Pleaded guilty</td><td>65</td><td>65</td><td>67</td><td>69</td><td>64</td><td>58</td><td>52</td><td>68</td><td>71</td><td>86</td><td>4</td></tr><tr><td>Total convicted</td><td>70</td><td>73</td><td>75</td><td>76</td><td>70</td><td>64</td><td>57</td><td>70</td><td>87</td><td>90</td><td>4</td></tr><tr><td><b>Sentence imposed</b></td><td></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>1,281</td><td>2,707</td><td>2,720</td><td>2,172</td><td>1,766</td><td>1,126</td><td>758</td><td>33</td><td>207</td><td>120</td><td>8</td></tr><tr><td>Percent of convictions 2/ 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>56</td><td>60</td><td>60</td><td>57</td><td>54</td><td>47</td><td>76</td><td>72</td><td>63</td><td>4</td></tr><tr><td>Fine</td><td>22</td><td>24</td><td>27</td><td>23</td><td>23</td><td>18</td><td>17</td><td>6</td><td>14</td><td>28</td><td>4</td></tr><tr><td>Probation 5/</td><td>37</td><td>42</td><td>38</td><td>38</td><td>39</td><td>42</td><td>44</td><td>33</td><td>36</td><td>40</td><td>4</td></tr><tr><td>Average number of days imprisonment to be served</td><td>392</td><td>372</td><td>320</td><td>436</td><td>386</td><td>432</td><td>281</td><td>300</td><td>769</td><td>515</td><td>593</td></tr><tr><td>Average fine to be paid</td><td>$258</td><td>$366</td><td>$430</td><td>$486</td><td>$266</td><td>$558</td><td>$356</td><td>$10,000</td><td>$493</td><td>$71</td><td>$5,600</td></tr><tr><td>Total fines to be paid</td><td>$71,041</td><td>$234,296</td><td>$312,151</td><td>$241,030</td><td>$109,285</td><td>$110,390</td><td>$46,225</td><td>$20,000</td><td>$13,808</td><td>$2,357</td><td>$28,000</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 recommendations for criminal prosecution.
2/ Comprises cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions.
37 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 lunacy hearings.
4/ Insufficient cases to warrant showing comparative percentage
5. Percentages do not add to 100 because a single conviction may involve more than one type of sentence
Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
Treasury
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U.S. Treasury Dept. Treasury Bulletin