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JUN 2, 1972
TREASURY DEPARTMENT
BULLETIN OF THE TREASURY DEPARTMENT
JUNE 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 JUL 2 1941 TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
JUNE 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
Bulletin of the Treasury Department, June 1941
Table of Contents
Page
Treasury survey of the ownership of Government securities by large banks and insurance companies, April 30, 1941 1-6
FEDERAL RECEIPTS AND EXPENDITURES
Budget receipts and expenditures 8-11
Social insurance accounts 12-13
Cash income and outgo 14-15
GENERAL FUND OF THE TREASURY
Assets, liabilities, and balance in General Fund 17
PUBLIC DEBT OF THE UNITED STATES
Statement of the outstanding public debt, May 31, 1941 19
Market transactions in Government securities for Treasury investment accounts 19
Composition of the public debt 19-20
Summary distribution by holders of securities issued by the U. S. Government and guaranteed by the U. S. 21
Public debt receipts and expenditures 21
Securities held by Governmental corporations and credit agencies and by trust funds, March 31, 1941 22-23
Treasury financing operations since January 1, 1938 24
Maturity schedule of U. S. Government debt, May 31, 1941 25-26
Computed rate of interest on the public debt 27
Average yields of long-term Treasury bonds and high-grade corporate bonds 27-28
Yields of Treasury bonds and notes, June 16, 1941 29
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
Assets and liabilities and proprietary interest, April 30, 1941 31-32
Sources and uses of funds 33-36
Obligations outstanding guaranteed by the U. S. 37
Financing operations in securities guaranteed by the U. S. 37
Maturity schedules of securities guaranteed by the U. S., May 31, 1941 38
(Continued on following page)
Table of Contents
(Continued)
Pago
INTERNAL REVENUE STATISTIOS
Collections of internal revenue 40-42
CUSTOMS STATISTICS
Customs duties and taxes collected 44-45
Commodities imported under quota provisions 46-47
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
Net capital movement between the United States and foreign countries 49-50
Short-term foreign liabilities and assets 51-54
Foreign security transactions and brokerage balances 55-57
Foreign transactions in domestic securities 58-59
Foreign exchange transactions 60-61
GOLD AND SILVER STATISTICS
Gold assets and liabilities of the Treasury 63
Movement of gold to and from the United States 63
Monetary stocks of gold and silver 64-65
Components of silver monetary stock 65
Silver of specified classifications acquired by mints and assay offices 65
Seigniorage on silver 66
Silver production by countries 66
Movement of silver to and from the United States 67
OTHER TREASURY STATISTICS
Vessels cleared from the United States direct for foreign ports 69-70 Treasury Department criminal cases in the U. S. District Courts 71
SEMIANNUAL CUMULATIVE INDEX
Cumulative index for January-June 1941 73-74
1
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States. April 30, 1941
Covering the Holdings of Large Banks and Insurance Companies
Some of the more important data obtained in the Treasury survey, as of April 30, 1941, of the ownership by large banks and insurance companies of securities issued or guaranteed by the Federal Government, are presented in the following tables. Similar information was presented in the May "Bulletin of the Treasury Department" covering the Treasury survey as of March 31, 1941.
Table I.- Summary of Ownership by Type of Security, by Call Classes and by Tax-Exemption Provisions
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="6">Held by institutions covered in Treasury survey</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total</th><th colspan="2">6,337 banks</th><th colspan="3">785 insurance companies</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,846 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>553 fire, casualty, and marine insurance companies</th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>1,603</td><td>899</td><td>877</td><td>848</td><td>29</td><td>23</td><td>-</td><td>23</td><td>704</td></tr><tr><td>Notes</td><td>5,721</td><td>3,358</td><td>3,088</td><td>2,879</td><td>209</td><td>270</td><td>178</td><td>92</td><td>2,363</td></tr><tr><td>Bonds</td><td>29,750</td><td>19,247</td><td>13,440</td><td>10,642</td><td>2,798</td><td>5,807</td><td>4,695</td><td>1,112</td><td>10,503</td></tr><tr><td>Guaranteed issues 2/</td><td>6,533</td><td>5,042</td><td>4,432</td><td>4,172</td><td>260</td><td>609</td><td>505</td><td>105</td><td>1,492</td></tr><tr><td>Total</td><td>43,608</td><td>28,546</td><td>21,837</td><td>18,541</td><td>3,296</td><td>6,709</td><td>5,377</td><td>1,332</td><td>15,062</td></tr><tr><td>2. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>5,080</td><td>3,436</td><td>3,042</td><td>2,847</td><td>195</td><td>394</td><td>283</td><td>111</td><td>1,044</td></tr><tr><td>1 to 5 years</td><td>16,384</td><td>10,548</td><td>8,771</td><td>7,927</td><td>844</td><td>1,778</td><td>1,386</td><td>392</td><td>5,836</td></tr><tr><td>5 to 10 years</td><td>10,168</td><td>7,138</td><td>5,385</td><td>4,286</td><td>1,100</td><td>1,753</td><td>1,411</td><td>342</td><td>3,030</td></tr><tr><td>10 to 15 years</td><td>8,540</td><td>5,137</td><td>3,649</td><td>2,699</td><td>950</td><td>1,488</td><td>1,237</td><td>251</td><td>3,403</td></tr><tr><td>15 to 20 years</td><td>3,386</td><td>2,285</td><td>989</td><td>782</td><td>207</td><td>1,297</td><td>1,061</td><td>236</td><td>1,101</td></tr><tr><td>After 20 years</td><td>50</td><td>1</td><td>1</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>49</td></tr><tr><td>Total</td><td>43,608</td><td>28,546</td><td>21,837</td><td>18,541</td><td>3,296</td><td>6,709</td><td>5,377</td><td>1,332</td><td>15,062</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 3/</td><td>5,088</td><td>2,474</td><td>2,265</td><td>2,137</td><td>128</td><td>209</td><td>124</td><td>85</td><td>2,614</td></tr><tr><td>Partially exempt from Federal income taxes 4/</td><td>33,304</td><td>22,115</td><td>15,980</td><td>13,416</td><td>2,504</td><td>6,135</td><td>4,946</td><td>1,188</td><td>11,189</td></tr><tr><td>Subject to Federal income taxes</td><td>5,217</td><td>3,957</td><td>3,592</td><td>2,988</td><td>603</td><td>365</td><td>307</td><td>58</td><td>1,260</td></tr><tr><td>Total</td><td>43,608</td><td>28,546</td><td>21,837</td><td>18,541</td><td>3,296</td><td>6,709</td><td>5,377</td><td>1,332</td><td>15,062</td></tr></table>
(Continued on following page)
2
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1941 (Continued.
Table I.- Summary of Ownership by Type of Security, by Call Classes and by Tax-Exemption Provisions (Continued)
PART B - PERCENTAGE DISTRIBUTION BY CLASSES OF SECURITIES
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="7">Public marketable interest-bearing securities 1/ Held by institutions covered in Treasury survey</th></tr><tr><th>Total</th><th>Total</th><th>5,337 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>785 insurance companies</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th><th>Held by all other investors</th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>3.7</td><td>3.1</td><td>4.0</td><td>4.6</td><td>.9</td><td>.3</td><td>-</td><td>1.7</td><td>4.7</td></tr><tr><td>Notes</td><td>13.1</td><td>11.8</td><td>14.1</td><td>15.5</td><td>6.3</td><td>4.0</td><td>3.3</td><td>6.9</td><td>15.7</td></tr><tr><td>Bonds</td><td>68.2</td><td>67.4</td><td>61.5</td><td>57.4</td><td>84.9</td><td>85.6</td><td>87.3</td><td>83.5</td><td>69.7</td></tr><tr><td>Guaranteed issues 2/</td><td>15.0</td><td>17.7</td><td>20.3</td><td>22.5</td><td>7.9</td><td>9.1</td><td>9.4</td><td>7.9</td><td>9.9</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>2. By call classes</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 or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>11.6</td><td>12.0</td><td>13.9</td><td>15.4</td><td>5.9</td><td>5.9</td><td>5.3</td><td>8.3</td><td>10.9</td></tr><tr><td>1 to 5 years</td><td>37.6</td><td>37.0</td><td>40.2</td><td>42.8</td><td>25.6</td><td>26.5</td><td>25.8</td><td>29.4</td><td>38.7</td></tr><tr><td>5 to 10 years</td><td>23.3</td><td>25.0</td><td>24.7</td><td>23.1</td><td>33.4</td><td>26.1</td><td>26.2</td><td>25.7</td><td>20.1</td></tr><tr><td>10 to 15 years</td><td>19.6</td><td>18.0</td><td>16.7</td><td>14.6</td><td>28.8</td><td>22.2</td><td>23.0</td><td>18.8</td><td>22.6</td></tr><tr><td>15 to 20 years</td><td>7.8</td><td>8.0</td><td>4.5</td><td>4.2</td><td>6.3</td><td>19.3</td><td>19.7</td><td>17.1</td><td>7.3</td></tr><tr><td>After 20 years</td><td>.1</td><td></td><td></td><td></td><td>-</td><td></td><td></td><td></td><td>.3</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 3/</td><td>11.7</td><td>8.7</td><td>10.4</td><td>11.5</td><td>3.9</td><td>3.1</td><td>2.3</td><td>6.4</td><td>17.4</td></tr><tr><td>Partially exempt from Federal income taxes 4/</td><td>76.4</td><td>77.5</td><td>73.2</td><td>72.4</td><td>77.8</td><td>91.4</td><td>92.0</td><td>89.2</td><td>74.3</td></tr><tr><td>Subject to Federal income taxes</td><td>12.0</td><td>13.9</td><td>16.4</td><td>16.1</td><td>18.3</td><td>5.4</td><td>5.7</td><td>4.4</td><td>8.4</td></tr><tr><td>Total</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td><td>100.0</td></tr></table>
PART C - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th rowspan="2">Classification</th><th rowspan="2">Total amount outstanding</th><th colspan="7">Public marketable interest-bearing securities 1/ Held by institutions covered in Treasury survey</th></tr><tr><th>Total</th><th colspan="3">6,337 banks</th><th colspan="3">785 insurance companies</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,846 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>100.0</td><td>56.1</td><td>54.7</td><td>52.9</td><td>1.8</td><td>1.4</td><td>-</td><td>1.4</td><td>43.9</td></tr><tr><td>Notes</td><td>100.0</td><td>58.7</td><td>54.0</td><td>50.3</td><td>3.7</td><td>4.7</td><td>3.1</td><td>1.6</td><td>41.3</td></tr><tr><td>Bonds</td><td>100.0</td><td>64.7</td><td>45.2</td><td>35.8</td><td>9.4</td><td>19.5</td><td>15.8</td><td>3.7</td><td>35.3</td></tr><tr><td>Guaranteed issues 2/</td><td>100.0</td><td>77.2</td><td>67.8</td><td>63.9</td><td>4.0</td><td>9.3</td><td>7.7</td><td>1.6</td><td>22.8</td></tr><tr><td>Total</td><td>100.0</td><td>65.5</td><td>50.1</td><td>42.5</td><td>7.6</td><td>15.4</td><td>12.3</td><td>3.1</td><td>34.5</td></tr><tr><td>2. By call classes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>100.0</td><td>67.6</td><td>59.9</td><td>56.0</td><td>3.8</td><td>7.8</td><td>5.6</td><td>2.2</td><td>32.4</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>64.4</td><td>53.5</td><td>48.4</td><td>5.2</td><td>10.9</td><td>8.5</td><td>2.4</td><td>35.6</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>70.2</td><td>53.0</td><td>42.2</td><td>10.8</td><td>17.2</td><td>13.9</td><td>3.4</td><td>29.8</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>60.2</td><td>42.7</td><td>31.6</td><td>11.1</td><td>17.4</td><td>14.5</td><td>2.9</td><td>39.8</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>67.5</td><td>29.2</td><td>23.1</td><td>6.1</td><td>38.3</td><td>31.3</td><td>7.0</td><td>32.5</td></tr><tr><td>After 20 years</td><td>100.0</td><td>2.0</td><td>2.0</td><td>2.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>98.0</td></tr><tr><td>Total</td><td>100.0</td><td>65.5</td><td>50.1</td><td>42.5</td><td>7.6</td><td>15.4</td><td>12.3</td><td>3.1</td><td>34.5</td></tr><tr><td>3. By tax-exemption provisions</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wholly exempt from Federal income taxes 3/</td><td>100.0</td><td>48.6</td><td>44.5</td><td>42.0</td><td>2.5</td><td>4.1</td><td>2.4</td><td>1.7</td><td>51.4</td></tr><tr><td>Partially exempt from Federal income taxes 4/</td><td>100.0</td><td>66.4</td><td>48.0</td><td>40.3</td><td>7.7</td><td>18.4</td><td>14.9</td><td>3.6</td><td>33.6</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>75.8</td><td>68.9</td><td>57.3</td><td>11.6</td><td>7.0</td><td>5.9</td><td>1.1</td><td>24.2</td></tr><tr><td>Total</td><td>100.0</td><td>65.5</td><td>50.1</td><td>42.5</td><td>7.6</td><td>15.4</td><td>12.3</td><td>3.1</td><td>34.5</td></tr></table>
Figures are rounded to the nearest one-tenth of one percent and will not necessarily add to totals.
* Less than $500,000 or less than .05%.
1/ Public marketable securities include all securities issued except (1) special issues to Government agencies and trust funds, (2) adjusted service bonds, and (3) United States savings bonds. The amount of United States savings bonds reported by the banks and insurance companies covered was $134 millions, maturity value. These were divided as follows: Commercial banks, $169 millions; mutual savings banks, $5 millions; and insurance companies, $10 millions.
2/ Excludes (1) FHA debentures, (2) securities issued on the credit of the United States, and (3) obligations sold directly to the Treasury.
3/ Securities the income from which is exempt from both the normal rates and surtax rates of the Federal income tax.
4/ Securities the income from which is exempt only from the normal rates of the Federal income tax. Treasury bonds are classified as partially tax-exempt securities although, by statutory provision, interest derived from $5,000 of principal amount of these securities owned by any single holder is exempt from the surtax rates as well as the normal rates of the Federal income tax.
3
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1941 (Continued)
Table II.- Detail of Ownership for Each Issue Outstanding, Classified by Tax-Exemption Provision
PART A - PAR VALUES IN MILLIONS OF DOLLARS
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="5">Held by institutions covered in Treasury survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total</th><th colspan="2">6,337 banks</th><th colspan="3">785 insurance companies</th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,846 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>I. Wholly exempt from Federal income taxes 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bill</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 1941 maturities</td><td>401</td><td>113</td><td>103</td><td>94</td><td>9</td><td>9</td><td>-</td><td>9</td><td>289</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/8% June 1941</td><td>24</td><td>3</td><td>3</td><td>2</td><td>*</td><td>*</td><td>*</td><td>*</td><td>21</td></tr><tr><td>1-1/4% December 1941</td><td>204</td><td>91</td><td>75</td><td>69</td><td>6</td><td>16</td><td>11</td><td>6</td><td>113</td></tr><tr><td>1-1/4% March 1942</td><td>426</td><td>233</td><td>210</td><td>185</td><td>24</td><td>23</td><td>16</td><td>7</td><td>193</td></tr><tr><td>2% September 1942</td><td>342</td><td>126</td><td>95</td><td>79</td><td>16</td><td>31</td><td>24</td><td>7</td><td>216</td></tr><tr><td>1-1/8% December 1942</td><td>232</td><td>102</td><td>86</td><td>77</td><td>10</td><td>16</td><td>8</td><td>9</td><td>130</td></tr><tr><td>1-1/8% June 1943</td><td>629</td><td>324</td><td>307</td><td>288</td><td>19</td><td>17</td><td>4</td><td>13</td><td>305</td></tr><tr><td>1% September 1943</td><td>280</td><td>198</td><td>192</td><td>185</td><td>7</td><td>6</td><td>3</td><td>3</td><td>82</td></tr><tr><td>1-1/8% December 1943</td><td>421</td><td>193</td><td>156</td><td>144</td><td>12</td><td>38</td><td>30</td><td>8</td><td>228</td></tr><tr><td>1% March 1944</td><td>515</td><td>294</td><td>285</td><td>276</td><td>10</td><td>8</td><td>2</td><td>6</td><td>222</td></tr><tr><td>3/4% June 1944</td><td>416</td><td>261</td><td>254</td><td>247</td><td>7</td><td>7</td><td>3</td><td>4</td><td>155</td></tr><tr><td>1% September 1944</td><td>283</td><td>29</td><td>28</td><td>27</td><td>1</td><td>1</td><td>-</td><td>1</td><td>254</td></tr><tr><td>3/4% March 1945</td><td>718</td><td>490</td><td>454</td><td>447</td><td>8</td><td>36</td><td>22</td><td>14</td><td>228</td></tr><tr><td>Total notes</td><td>4,491</td><td>2,344</td><td>2,145</td><td>2,026</td><td>119</td><td>199</td><td>124</td><td>75</td><td>2,147</td></tr><tr><td>Boads</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>117</td><td>17</td><td>16</td><td>16</td><td>*</td><td>1</td><td>*</td><td>1</td><td>101</td></tr><tr><td>Panama Canal</td><td>50</td><td>1</td><td>1</td><td>1</td><td>-</td><td>*</td><td>*</td><td>*</td><td>49</td></tr><tr><td>Conversion</td><td>29</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>-</td><td>*</td><td>29</td></tr><tr><td>Total bonds</td><td>196</td><td>17</td><td>17</td><td>17</td><td>*</td><td>1</td><td>*</td><td>1</td><td>179</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>5,088</td><td>2,474</td><td>2,265</td><td>2,137</td><td>128</td><td>209</td><td>124</td><td>85</td><td>2,614</td></tr><tr><td>II. Partially exempt from Federal income taxes 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% August 1941</td><td>834</td><td>605</td><td>459</td><td>374</td><td>85</td><td>145</td><td>109</td><td>36</td><td>230</td></tr><tr><td>3-3/8% June 1943-47</td><td>454</td><td>252</td><td>190</td><td>136</td><td>54</td><td>62</td><td>49</td><td>13</td><td>203</td></tr><tr><td>3-1/4% October 1943-45</td><td>1,400</td><td>770</td><td>588</td><td>517</td><td>71</td><td>183</td><td>138</td><td>45</td><td>630</td></tr><tr><td>3-1/4% April 1944-46</td><td>1,519</td><td>902</td><td>664</td><td>582</td><td>82</td><td>238</td><td>188</td><td>50</td><td>617</td></tr><tr><td>1% December 1944-54</td><td>1,037</td><td>627</td><td>482</td><td>351</td><td>72</td><td>205</td><td>158</td><td>47</td><td>409</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>784</td><td>558</td><td>471</td><td>88</td><td>226</td><td>178</td><td>47</td><td>431</td></tr><tr><td>2-1/2% December 1945</td><td>541</td><td>416</td><td>322</td><td>290</td><td>32</td><td>93</td><td>66</td><td>27</td><td>125</td></tr><tr><td>3-3/4% March 1946-56</td><td>489</td><td>314</td><td>196</td><td>140</td><td>56</td><td>118</td><td>100</td><td>18</td><td>175</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>632</td><td>431</td><td>332</td><td>99</td><td>202</td><td>168</td><td>34</td><td>404</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>482</td><td>326</td><td>234</td><td>91</td><td>157</td><td>132</td><td>24</td><td>336</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>409</td><td>237</td><td>149</td><td>88</td><td>172</td><td>112</td><td>60</td><td>350</td></tr><tr><td>2% December 1947</td><td>701</td><td>560</td><td>485</td><td>454</td><td>31</td><td>75</td><td>53</td><td>22</td><td>141</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,224</td><td>910</td><td>664</td><td>521</td><td>143</td><td>246</td><td>209</td><td>38</td><td>313</td></tr><tr><td>2-1/2% September 1948</td><td>451</td><td>362</td><td>284</td><td>260</td><td>24</td><td>77</td><td>66</td><td>11</td><td>89</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>451</td><td>385</td><td>371</td><td>14</td><td>65</td><td>44</td><td>22</td><td>121</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>376</td><td>229</td><td>147</td><td>83</td><td>116</td><td>109</td><td>37</td><td>116</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,188</td><td>926</td><td>738</td><td>188</td><td>262</td><td>218</td><td>44</td><td>598</td></tr><tr><td>2-1/2% September 1950-52</td><td>1,186</td><td>879</td><td>661</td><td>500</td><td>161</td><td>218</td><td>178</td><td>40</td><td>307</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,166</td><td>693</td><td>454</td><td>239</td><td>474</td><td>414</td><td>59</td><td>461</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>291</td><td>199</td><td>114</td><td>85</td><td>91</td><td>73</td><td>18</td><td>465</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>788</td><td>713</td><td>630</td><td>83</td><td>75</td><td>58</td><td>17</td><td>311</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>592</td><td>561</td><td>532</td><td>29</td><td>31</td><td>16</td><td>15</td><td>132</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>526</td><td>390</td><td>334</td><td>56</td><td>136</td><td>109</td><td>28</td><td>155</td></tr><tr><td>2-7/8% March 1955-60</td><td>2,611</td><td>1,058</td><td>490</td><td>315</td><td>175</td><td>567</td><td>463</td><td>104</td><td>1,554</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>582</td><td>311</td><td>238</td><td>73</td><td>272</td><td>231</td><td>41</td><td>399</td></tr><tr><td>2-3/4% June 1958-63</td><td>919</td><td>671</td><td>263</td><td>205</td><td>58</td><td>408</td><td>340</td><td>67</td><td>248</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,032</td><td>414</td><td>339</td><td>75</td><td>617</td><td>489</td><td>128</td><td>454</td></tr><tr><td>Total Treasury bonds</td><td>27,415</td><td>17,623</td><td>12,062</td><td>9,728</td><td>2,334</td><td>5,561</td><td>4,469</td><td>1,092</td><td>9,792</td></tr></table>
(Continued on following page)
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1941 (Continued)
Table II.- Detail of Ownership for Each Issue Outstanding, Classified by Tax-Exemption Provision, (Continued)
PART A - PAR VALUES IN MILLIONS OF DOLLARS (Continued)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="6">Hold by institutions covered in Treasury survey</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total</th><th colspan="2">6,337 banks</th><th colspan="3">785 insurance companies</th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,846 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td colspan="9">II. Partially exempt from Federal income taxes 3/ (continued)</td></tr><tr><td>Guaranteed issues 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5/8% August 1941</td><td>203</td><td>174</td><td>146</td><td>141</td><td>5</td><td>28</td><td>20</td><td>9</td><td>28</td></tr><tr><td>1% November 1941</td><td>204</td><td>178</td><td>170</td><td>168</td><td>2</td><td>8</td><td>4</td><td>5</td><td>26</td></tr><tr><td>3/4% May 1943</td><td>289</td><td>256</td><td>247</td><td>245</td><td>3</td><td>9</td><td>4</td><td>4</td><td>34</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% January 1942-47</td><td>236</td><td>151</td><td>100</td><td>87</td><td>13</td><td>51</td><td>47</td><td>4</td><td>85</td></tr><tr><td>2-3/4% March 1942-47</td><td>103</td><td>90</td><td>71</td><td>61</td><td>10</td><td>18</td><td>17</td><td>1</td><td>14</td></tr><tr><td>3-1/4% March 1944-64</td><td>95</td><td>59</td><td>27</td><td>16</td><td>10</td><td>32</td><td>30</td><td>2</td><td>36</td></tr><tr><td>3% May 1944-49</td><td>835</td><td>511</td><td>352</td><td>321</td><td>31</td><td>159</td><td>146</td><td>13</td><td>325</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5/8% May 1941</td><td>191</td><td>177</td><td>156</td><td>153</td><td>3</td><td>21</td><td>20</td><td>1</td><td>14</td></tr><tr><td>2-1/4% July 1942-44</td><td>875</td><td>728</td><td>704</td><td>676</td><td>27</td><td>25</td><td>11</td><td>13</td><td>147</td></tr><tr><td>3% May 1944-52</td><td>779</td><td>362</td><td>267</td><td>194</td><td>73</td><td>95</td><td>85</td><td>10</td><td>417</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>657</td><td>606</td><td>578</td><td>28</td><td>51</td><td>43</td><td>8</td><td>98</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% July 1941</td><td>212</td><td>188</td><td>185</td><td>179</td><td>6</td><td>3</td><td>1</td><td>2</td><td>24</td></tr><tr><td>7/8% November 1941</td><td>299</td><td>250</td><td>209</td><td>207</td><td>2</td><td>41</td><td>27</td><td>15</td><td>49</td></tr><tr><td>7/8% January 1942</td><td>310</td><td>284</td><td>271</td><td>261</td><td>10</td><td>13</td><td>11</td><td>1</td><td>26</td></tr><tr><td>1% July 1942</td><td>276</td><td>230</td><td>217</td><td>212</td><td>6</td><td>13</td><td>9</td><td>4</td><td>46</td></tr><tr><td>United States Housing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1/4% November 1941</td><td>112</td><td>96</td><td>95</td><td>95</td><td>1</td><td>1</td><td>1</td><td>•</td><td>16</td></tr><tr><td>1-3/8% February 1944</td><td>114</td><td>101</td><td>96</td><td>94</td><td>2</td><td>5</td><td>2</td><td>3</td><td>13</td></tr><tr><td>Total guaranteed issues</td><td>5,888</td><td>4,492</td><td>3,918</td><td>3,688</td><td>231</td><td>574</td><td>477</td><td>96</td><td>1,397</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>33,304</td><td>22,115</td><td>15,980</td><td>13,416</td><td>2,564</td><td>6,135</td><td>4,946</td><td>1,188</td><td>11,189</td></tr><tr><td colspan="9">III. Subject to Federal income taxes</td></tr><tr><td>Bills</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 1941 maturities</td><td>701</td><td>477</td><td>467</td><td>451</td><td>16</td><td>10</td><td>-</td><td>10</td><td>224</td></tr><tr><td>July 1941 maturities</td><td>501</td><td>310</td><td>306</td><td>302</td><td>4</td><td>4</td><td>-</td><td>4</td><td>191</td></tr><tr><td>Total bills</td><td>1,203</td><td>787</td><td>773</td><td>753</td><td>20</td><td>14</td><td>-</td><td>14</td><td>416</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>65</td><td>17</td><td>15</td><td>13</td><td>2</td><td>2</td><td>2</td><td>•</td><td>43</td></tr><tr><td>3/4% September 1944</td><td>635</td><td>539</td><td>507</td><td>457</td><td>50</td><td>32</td><td>24</td><td>7</td><td>96</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>459</td><td>422</td><td>383</td><td>39</td><td>38</td><td>28</td><td>10</td><td>71</td></tr><tr><td>Total notes</td><td>1,231</td><td>1,015</td><td>944</td><td>853</td><td>90</td><td>71</td><td>54</td><td>17</td><td>216</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% March 1948-50</td><td>1,115</td><td>890</td><td>758</td><td>578</td><td>180</td><td>133</td><td>122</td><td>10</td><td>225</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>716</td><td>603</td><td>319</td><td>284</td><td>113</td><td>104</td><td>9</td><td>307</td></tr><tr><td>Total Treasury bonds</td><td>2,139</td><td>1,607</td><td>1,361</td><td>897</td><td>463</td><td>246</td><td>226</td><td>20</td><td>533</td></tr><tr><td>Guaranteed issues 4/</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></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% October 1942</td><td>320</td><td>273</td><td>254</td><td>243</td><td>11</td><td>19</td><td>17</td><td>1</td><td>47</td></tr><tr><td>1-1/8% July 1943</td><td>324</td><td>276</td><td>259</td><td>241</td><td>18</td><td>17</td><td>10</td><td>7</td><td>48</td></tr><tr><td>Total guaranteed issues</td><td>644</td><td>549</td><td>514</td><td>484</td><td>30</td><td>35</td><td>27</td><td>8</td><td>95</td></tr><tr><td>Total subject to Federal income taxes</td><td>5,217</td><td>3,957</td><td>3,592</td><td>2,988</td><td>603</td><td>365</td><td>307</td><td>58</td><td>1,260</td></tr><tr><td>IV. Grand total</td><td>43,608</td><td>28,546</td><td>21,877</td><td>18,541</td><td>3,296</td><td>6,709</td><td>5,377</td><td>1,332</td><td>15,062</td></tr></table>
(Continued on following page)
5
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1941 (Continued)
Table II.-Detail of Ownership for Each Issue Outstanding, Classified by Tax-Exemption Provision, (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="7">Public marketable interest-bearing securities 1/ Held by institutions covered in Treasury survey</th></tr><tr><th></th><th></th><th>Total</th><th colspan="3">6,337 banks</th><th colspan="3">785 insurance companies</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,346 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>I. Wholly exempt from Federal income taxes 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 1941 maturities</td><td>100.0</td><td>28.2</td><td>25.7</td><td>23.4</td><td>2.2</td><td>2.2</td><td>-</td><td>2.2</td><td>72.1</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/8% June 1941</td><td>100.0</td><td>10.9</td><td>10.5</td><td>10.1</td><td>.4</td><td>.4</td><td>*</td><td>.4</td><td>89.1</td></tr><tr><td>1-1/4% December 1941</td><td>100.0</td><td>44.6</td><td>36.8</td><td>33.8</td><td>2.9</td><td>7.8</td><td>5.4</td><td>2.9</td><td>55.4</td></tr><tr><td>1-3/4% March 1942</td><td>100.0</td><td>54.7</td><td>49.3</td><td>43.4</td><td>5.6</td><td>5.4</td><td>3.8</td><td>1.6</td><td>45.3</td></tr><tr><td>2% September 1942</td><td>100.0</td><td>36.8</td><td>27.8</td><td>23.1</td><td>4.7</td><td>9.1</td><td>7.0</td><td>2.0</td><td>63.5</td></tr><tr><td>1-3/4% December 1942</td><td>100.0</td><td>44.0</td><td>37.1</td><td>33.2</td><td>4.3</td><td>6.9</td><td>3.4</td><td>3.9</td><td>56.0</td></tr><tr><td>1-1/8% June 1943</td><td>100.0</td><td>51.5</td><td>48.8</td><td>45.8</td><td>3.0</td><td>2.7</td><td>.6</td><td>2.1</td><td>48.5</td></tr><tr><td>1% September 1943</td><td>100.0</td><td>70.7</td><td>68.6</td><td>66.1</td><td>2.5</td><td>2.1</td><td>1.1</td><td>1.1</td><td>29.3</td></tr><tr><td>1-1/8% December 1943</td><td>100.0</td><td>45.8</td><td>37.1</td><td>34.2</td><td>2.9</td><td>9.0</td><td>7.1</td><td>1.9</td><td>54.2</td></tr><tr><td>1% March 1944</td><td>100.0</td><td>57.1</td><td>55.3</td><td>53.6</td><td>1.9</td><td>1.6</td><td>.4</td><td>1.2</td><td>43.1</td></tr><tr><td>3/4% June 1944</td><td>100.0</td><td>62.7</td><td>61.1</td><td>59.4</td><td>1.7</td><td>1.7</td><td>.7</td><td>1.0</td><td>37.3</td></tr><tr><td>1% September 1944</td><td>100.0</td><td>10.2</td><td>9.9</td><td>9.5</td><td>.4</td><td>.4</td><td>-</td><td>.4</td><td>89.8</td></tr><tr><td>3/4% March 1945</td><td>100.0</td><td>68.2</td><td>63.2</td><td>62.3</td><td>1.1</td><td>5.0</td><td>3.1</td><td>1.9</td><td>31.8</td></tr><tr><td>Total notes</td><td>100.0</td><td>52.2</td><td>47.8</td><td>45.1</td><td>2.6</td><td>4.4</td><td>2.8</td><td>1.7</td><td>47.8</td></tr><tr><td>Bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>100.0</td><td>14.5</td><td>13.7</td><td>13.7</td><td>*</td><td>.9</td><td>*</td><td>.9</td><td>86.3</td></tr><tr><td>Panama Canal</td><td>100.0</td><td>2.0</td><td>2.0</td><td>2.0</td><td>-</td><td>*</td><td>*</td><td>*</td><td>98.0</td></tr><tr><td>Conversion</td><td>100.0</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>-</td><td>*</td><td>100.0</td></tr><tr><td>Total bonds</td><td>100.0</td><td>8.9</td><td>8.5</td><td>8.3</td><td>.2</td><td>.4</td><td>.1</td><td>.4</td><td>91.1</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>100.0</td><td>48.6</td><td>44.5</td><td>42.0</td><td>2.5</td><td>4.1</td><td>2.4</td><td>1.7</td><td>53.4</td></tr><tr><td>II. Partially exempt from Federal income taxes 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-1/4% August 1941</td><td>100.0</td><td>72.5</td><td>55.0</td><td>44.8</td><td>10.2</td><td>17.4</td><td>13.1</td><td>4.3</td><td>27.6</td></tr><tr><td>3-3/8% June 1943-47</td><td>100.0</td><td>55.5</td><td>41.9</td><td>30.0</td><td>11.9</td><td>13.7</td><td>10.8</td><td>2.9</td><td>44.7</td></tr><tr><td>3-1/4% October 1943-45</td><td>100.0</td><td>55.0</td><td>42.0</td><td>36.9</td><td>5.1</td><td>13.1</td><td>9.9</td><td>3.2</td><td>45.0</td></tr><tr><td>3-1/4% April 1944-46</td><td>100.0</td><td>59.4</td><td>43.7</td><td>38.3</td><td>5.4</td><td>15.7</td><td>12.4</td><td>3.3</td><td>40.6</td></tr><tr><td>4% December 1944-54</td><td>100.0</td><td>60.5</td><td>40.7</td><td>33.8</td><td>6.9</td><td>19.8</td><td>15.2</td><td>4.5</td><td>39.4</td></tr><tr><td>2-3/4% September 1945-47</td><td>100.0</td><td>64.6</td><td>46.0</td><td>38.8</td><td>7.2</td><td>18.6</td><td>14.7</td><td>3.9</td><td>35.5</td></tr><tr><td>2-1/2% December 1945</td><td>100.0</td><td>76.9</td><td>59.5</td><td>53.6</td><td>5.9</td><td>17.2</td><td>12.2</td><td>5.0</td><td>23.1</td></tr><tr><td>3-3/4% March 1946-56</td><td>100.0</td><td>64.2</td><td>40.1</td><td>28.6</td><td>11.5</td><td>24.1</td><td>20.4</td><td>3.7</td><td>35.8</td></tr><tr><td>3% June 1946-48</td><td>100.0</td><td>61.0</td><td>41.6</td><td>32.0</td><td>9.6</td><td>19.5</td><td>16.2</td><td>3.3</td><td>39.0</td></tr><tr><td>3-1/8% June 1946-49</td><td>100.0</td><td>58.9</td><td>39.8</td><td>28.6</td><td>11.1</td><td>19.2</td><td>16.1</td><td>2.9</td><td>41.0</td></tr><tr><td>4-1/4% October 1947-52</td><td>100.0</td><td>53.9</td><td>31.2</td><td>19.6</td><td>11.6</td><td>22.7</td><td>14.8</td><td>7.9</td><td>46.1</td></tr><tr><td>2% December 1947</td><td>100.0</td><td>79.9</td><td>69.2</td><td>64.8</td><td>4.4</td><td>10.7</td><td>7.6</td><td>3.1</td><td>20.1</td></tr><tr><td>2-3/4% March 1948-51</td><td>100.0</td><td>74.3</td><td>54.2</td><td>42.6</td><td>11.7</td><td>20.1</td><td>17.1</td><td>3.1</td><td>25.6</td></tr><tr><td>2-1/2% September 1948</td><td>100.0</td><td>80.3</td><td>63.0</td><td>57.6</td><td>5.3</td><td>17.1</td><td>14.6</td><td>2.4</td><td>19.7</td></tr><tr><td>2% December 1948-50</td><td>100.0</td><td>79.0</td><td>67.4</td><td>65.0</td><td>2.5</td><td>11.4</td><td>7.7</td><td>3.9</td><td>21.2</td></tr><tr><td>3-1/8% December 1949-52</td><td>100.0</td><td>76.6</td><td>46.6</td><td>29.9</td><td>16.9</td><td>29.7</td><td>22.2</td><td>7.5</td><td>23.6</td></tr><tr><td>2-1/2% December 1949-53</td><td>100.0</td><td>66.5</td><td>51.8</td><td>41.3</td><td>10.5</td><td>14.7</td><td>12.2</td><td>2.5</td><td>33.5</td></tr><tr><td>2-1/2% September 1950-52</td><td>100.0</td><td>74.1</td><td>55.7</td><td>42.2</td><td>13.6</td><td>18.4</td><td>15.0</td><td>3.4</td><td>25.9</td></tr><tr><td>2-3/4% June 1951-54</td><td>100.0</td><td>71.7</td><td>42.6</td><td>27.9</td><td>14.7</td><td>29.1</td><td>25.4</td><td>3.6</td><td>28.1</td></tr><tr><td>3% September 1951-55</td><td>100.0</td><td>38.5</td><td>26.4</td><td>15.1</td><td>11.3</td><td>12.1</td><td>9.7</td><td>2.4</td><td>61.6</td></tr><tr><td>2-1/4% December 1951-53</td><td>100.0</td><td>70.5</td><td>63.8</td><td>56.4</td><td>7.4</td><td>6.7</td><td>5.2</td><td>1.5</td><td>29.6</td></tr><tr><td>2% June 1953-55</td><td>100.0</td><td>81.7</td><td>77.4</td><td>73.4</td><td>4.0</td><td>4.3</td><td>2.2</td><td>2.1</td><td>18.2</td></tr><tr><td>2-1/4% June 1954-56</td><td>100.0</td><td>77.2</td><td>57.3</td><td>49.0</td><td>8.2</td><td>20.0</td><td>16.0</td><td>4.1</td><td>22.8</td></tr><tr><td>2-7/8% March 1955-60</td><td>100.0</td><td>40.5</td><td>18.8</td><td>12.1</td><td>6.7</td><td>21.7</td><td>17.7</td><td>4.0</td><td>59.5</td></tr><tr><td>2-3/4% September 1956-59</td><td>100.0</td><td>59.3</td><td>31.7</td><td>24.2</td><td>7.4</td><td>27.7</td><td>23.5</td><td>4.2</td><td>40.6</td></tr><tr><td>2-3/4% June 1958-63</td><td>100.0</td><td>73.0</td><td>28.6</td><td>22.3</td><td>6.3</td><td>44.4</td><td>37.0</td><td>7.3</td><td>27.0</td></tr><tr><td>2-3/4% December 1960-65</td><td>100.0</td><td>69.5</td><td>27.9</td><td>22.8</td><td>5.1</td><td>41.5</td><td>32.9</td><td>8.6</td><td>30.6</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>64.3</td><td>44.0</td><td>35.5</td><td>8.5</td><td>20.3</td><td>16.3</td><td>4.0</td><td>35.7</td></tr></table>
(Continued on following page)
6
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, April 30, 1941 (Continued)
Table II.- Detail of Ownership for Each Issue Outstanding, Classified by Tax-Exemption Provision, (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS (Continued)
<table><tr><th>Issue, classified by tax-exemption provision</th><th>Total amount outstanding</th><th colspan="4">Held by institutions covered in Treasury survey</th><th colspan="4">Held by all other investors</th></tr><tr><th></th><th></th><th>Total</th><th colspan="3">6,337 banks</th><th colspan="3">785 insurance companies</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,846 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>202 life insurance companies</th><th>583 fire, casualty, and marine insurance companies</th></tr><tr><td colspan="9">II. Partially exempt from Federal income taxes 3/ (continued)</td></tr><tr><td>Guaranteed issues 4/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5/8% August 1941</td><td>100.0</td><td>85.7</td><td>71.9</td><td>69.5</td><td>2.5</td><td>13.8</td><td>9.9</td><td>4.4</td><td>13.8</td></tr><tr><td>1% November 1941</td><td>100.0</td><td>87.3</td><td>83.3</td><td>82.4</td><td>1.0</td><td>3.9</td><td>2.0</td><td>2.5</td><td>12.7</td></tr><tr><td>3/4% May 1943</td><td>100.0</td><td>88.6</td><td>85.5</td><td>84.8</td><td>1.0</td><td>3.1</td><td>1.4</td><td>1.4</td><td>11.8</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3% January 1942-47</td><td>100.0</td><td>64.0</td><td>42.4</td><td>36.9</td><td>5.5</td><td>21.6</td><td>19.9</td><td>1.7</td><td>36.0</td></tr><tr><td>2-3/4% March 1942-47</td><td>100.0</td><td>87.4</td><td>68.9</td><td>59.2</td><td>9.7</td><td>17.5</td><td>16.5</td><td>1.0</td><td>13.6</td></tr><tr><td>3-1/4% March 1944-49</td><td>100.0</td><td>62.1</td><td>28.4</td><td>16.8</td><td>10.5</td><td>33.7</td><td>31.6</td><td>2.1</td><td>37.9</td></tr><tr><td>3% May 1944-49</td><td>100.0</td><td>61.2</td><td>42.2</td><td>38.4</td><td>3.7</td><td>19.0</td><td>17.5</td><td>1.6</td><td>38.9</td></tr><tr><td>Home Owners' Loan Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>5/8% May 1941</td><td>100.0</td><td>92.7</td><td>81.7</td><td>80.1</td><td>1.6</td><td>11.0</td><td>10.5</td><td>.5</td><td>7.3</td></tr><tr><td>2-1/4% July 1942-44</td><td>100.0</td><td>83.2</td><td>80.5</td><td>77.3</td><td>3.1</td><td>2.9</td><td>1.3</td><td>1.5</td><td>16.8</td></tr><tr><td>3% May 1944-52</td><td>100.0</td><td>46.5</td><td>34.3</td><td>24.9</td><td>9.4</td><td>12.2</td><td>10.9</td><td>1.3</td><td>53.5</td></tr><tr><td>1-1/2% June 1945-47</td><td>100.0</td><td>87.0</td><td>80.3</td><td>76.6</td><td>3.7</td><td>6.8</td><td>5.7</td><td>1.1</td><td>13.0</td></tr><tr><td>Reconstruction Finance Corporation</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% July 1941</td><td>100.0</td><td>88.7</td><td>87.3</td><td>84.4</td><td>2.8</td><td>1.4</td><td>.5</td><td>.9</td><td>11.3</td></tr><tr><td>7/8% November 1941</td><td>100.0</td><td>83.6</td><td>69.9</td><td>69.2</td><td>.7</td><td>13.7</td><td>9.0</td><td>5.0</td><td>16.4</td></tr><tr><td>7/8% January 1942</td><td>100.0</td><td>91.6</td><td>87.4</td><td>84.2</td><td>3.2</td><td>4.2</td><td>3.5</td><td>1.0</td><td>8.4</td></tr><tr><td>1% July 1942</td><td>100.0</td><td>83.3</td><td>78.6</td><td>76.8</td><td>2.2</td><td>4.7</td><td>3.7</td><td>1.4</td><td>16.7</td></tr><tr><td>United States Housing Authority</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1/4% November 1941</td><td>100.0</td><td>85.7</td><td>84.8</td><td>84.8</td><td>.9</td><td>.9</td><td>.9</td><td></td><td>14.3</td></tr><tr><td>1-3/8% February 1944</td><td>100.0</td><td>88.6</td><td>84.2</td><td>82.5</td><td>1.8</td><td>4.4</td><td>1.8</td><td>2.6</td><td>11.4</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>76.3</td><td>66.5</td><td>62.6</td><td>3.9</td><td>9.7</td><td>8.1</td><td>1.6</td><td>23.7</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>100.0</td><td>66.4</td><td>48.0</td><td>40.3</td><td>7.7</td><td>18.4</td><td>14.9</td><td>3.6</td><td>33.6</td></tr><tr><td colspan="9">III. Subject to Federal income taxes</td></tr><tr><td>Bills</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June 1941 maturities</td><td>100.0</td><td>68.0</td><td>66.5</td><td>64.3</td><td>2.3</td><td>1.4</td><td>-</td><td>1.4</td><td>32.0</td></tr><tr><td>July 1941 maturities</td><td>100.0</td><td>61.9</td><td>62.1</td><td>60.3</td><td>.8</td><td>.8</td><td>-</td><td>.8</td><td>38.1</td></tr><tr><td>Total bills</td><td>100.0</td><td>65.4</td><td>64.3</td><td>62.6</td><td>1.7</td><td>1.2</td><td>-</td><td>1.2</td><td>34.6</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>100.0</td><td>26.2</td><td>23.1</td><td>20.0</td><td>3.1</td><td>3.1</td><td>3.1</td><td></td><td>73.8</td></tr><tr><td>3/4% September 1944</td><td>100.0</td><td>84.9</td><td>79.8</td><td>72.0</td><td>7.9</td><td>5.0</td><td>3.3</td><td>1.1</td><td>15.1</td></tr><tr><td>1/4% December 1945</td><td>100.0</td><td>86.4</td><td>79.5</td><td>72.1</td><td>7.3</td><td>7.2</td><td>5.3</td><td>1.9</td><td>13.4</td></tr><tr><td>Total notes</td><td>100.0</td><td>82.5</td><td>76.7</td><td>69.3</td><td>7.3</td><td>5.8</td><td>4.4</td><td>1.4</td><td>17.5</td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% March 1943-50</td><td>100.0</td><td>79.8</td><td>68.0</td><td>51.8</td><td>16.1</td><td>11.9</td><td>10.9</td><td>.9</td><td>20.2</td></tr><tr><td>2-1/2% March 1952-54</td><td>100.0</td><td>69.9</td><td>58.9</td><td>31.2</td><td>27.7</td><td>11.0</td><td>10.2</td><td>.9</td><td>30.0</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>75.1</td><td>63.5</td><td>41.9</td><td>21.6</td><td>11.5</td><td>10.5</td><td>.9</td><td>24.9</td></tr><tr><td>Guaranteed issues 4/</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></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>7/8% October 1942</td><td>100.0</td><td>85.3</td><td>79.4</td><td>75.9</td><td>3.4</td><td>5.9</td><td>5.3</td><td>.3</td><td>14.7</td></tr><tr><td>1-1/8% July 1943</td><td>100.0</td><td>85.2</td><td>79.9</td><td>74.4</td><td>5.6</td><td>5.2</td><td>3.1</td><td>2.2</td><td>14.8</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>85.2</td><td>79.8</td><td>75.2</td><td>4.7</td><td>5.4</td><td>4.2</td><td>1.2</td><td>14.8</td></tr><tr><td>Total subject to Federal income taxes</td><td>100.0</td><td>75.8</td><td>68.9</td><td>57.3</td><td>11.6</td><td>7.0</td><td>5.9</td><td>1.1</td><td>24.2</td></tr><tr><td>IV. Grand total</td><td>100.0</td><td>65.5</td><td>50.1</td><td>42.5</td><td>7.5</td><td>15.4</td><td>12.3</td><td>3.1</td><td>34.5</td></tr></table>
Rote: Figures are rounded to the nearest million or the nearest one-tenth of one percent and will not necessarily add to totals.
* Less than $500,000 or less than .05%.
1/ Public marketable securities include all securities issued except (1) special issues to Government agencies and trust funds, (2) adjusted service bonds, and (3) United States savings bonds. The amount of United States savings bonds reported by the banks and insurance companies covered was $184 millions, maturity value. These were divided as follows: Commercial banks, $169 millions; mutual savings banks, $6 millions; and insurance companies, $10 millions.
2/ Securities the income from which is exempt from both the normal rates and surtax rates of the Federal income tax.
3/ Securities the income from which is exempt only from the normal rates of the Federal income tax. Treasury bonds are classified as partially tax-exempt securities although, by statutory provision, interest derived from $5,000 of principal amount of those securities owned by any single holder is exempt from the surtax rates as well as the normal rates of the Federal income tax.
4/ Includes (1) FRA debentures, (2) securities issued on the credit of the United States, and (3) obligations sold directly to the Treasury.
FEDERAL RECEIPTS AND EXPENDITURES
7
8
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 11 months, fiscal years 1936 to 1941</th><th colspan="4">Outstanding on May 31</th><th>Change May 31, 1940 to May 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>3,587</td><td>4,201</td><td>5,081</td><td>4,608</td><td>4,738</td><td>6,331</td><td>+1,593</td><td>Public issues, etc.</td><td>30,907</td><td>34,254</td><td>34,840</td><td>36,616</td><td>38,223</td><td>41,887</td><td>+3,664</td></tr><tr><td>Expenditures...</td><td>6,238</td><td>6,924</td><td>6,309</td><td>7,812</td><td>8,112</td><td>11,182</td><td>+3,070</td><td>Special issues.....</td><td>729</td><td>959</td><td>2,582</td><td>3,666</td><td>4,585</td><td>5,834</td><td>+1,249</td></tr><tr><td>Net deficit...</td><td>2,651</td><td>2,723</td><td>1,228</td><td>3,204</td><td>3,374</td><td>4,851</td><td>+1,477</td><td>Gross debt......</td><td>31,636</td><td>35,213</td><td>37,422</td><td>40,282</td><td>42,808</td><td>47,721</td><td>+4,913</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes public debt retirements and trust fund receipts and expenditures.
Budget Receipts and Expenditures
(In millions of dollars)
<table><tr><th></th><th colspan="6">First 11 months, fiscal years 1936 to 1941</th><th colspan="4">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 colspan="2">Change: Actual</th><th colspan="2">Estimated1/</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>1940 to 1941</th><th>1939</th><th>1940</th><th>1941</th><th>Actual 1939 to actual 1940</th><th>Actual 1940 to estimated 1941 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>1,116</td><td>1,611</td><td>2,085</td><td>1,827</td><td>1,661</td><td>2,553</td><td>+892</td><td>2,189</td><td>2,125</td><td>3,424</td><td>-64</td><td>+1,299</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>1,845</td><td>1,971</td><td>2,094</td><td>2,039</td><td>2,144</td><td>2,702</td><td>+558</td><td>2,332</td><td>2,345</td><td>2,942</td><td>+113</td><td>+597</td></tr><tr><td>Social Security taxes</td><td>-</td><td>199</td><td>599</td><td>627</td><td>703</td><td>784</td><td>+76</td><td>631</td><td>712</td><td>789</td><td>+81</td><td>+77</td></tr><tr><td>Taxes upon carriers and their employees</td><td>-</td><td>-</td><td>150</td><td>88</td><td>95</td><td>111</td><td>+16</td><td>109</td><td>121</td><td>135</td><td>+12</td><td>+14</td></tr><tr><td>Customs</td><td>354</td><td>444</td><td>337</td><td>294</td><td>320</td><td>354</td><td>+34</td><td>319</td><td>349</td><td>397</td><td>+30</td><td>+48</td></tr><tr><td>Return of surplus funds from Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>310</td><td>+300</td><td>-</td><td>54</td><td>361</td><td>+54</td><td>+307</td></tr><tr><td>Other</td><td>272</td><td>201</td><td>203</td><td>180</td><td>203</td><td>177</td><td>-26</td><td>188</td><td>219</td><td>173</td><td>+31</td><td>-46</td></tr><tr><td>Total receipts</td><td>3,587</td><td>4,426</td><td>5,468</td><td>5,055</td><td>5,141</td><td>6,991</td><td>+1,850</td><td>5,668</td><td>5,925</td><td>8,221</td><td>+257</td><td>+2,296</td></tr><tr><td>Less amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 2/</td><td>-</td><td>225</td><td>387</td><td>447</td><td>403</td><td>660</td><td>+257</td><td>503</td><td>538</td><td>663</td><td>+35</td><td>+125</td></tr><tr><td>Net receipts</td><td>3,587</td><td>4,201</td><td>5,081</td><td>4,608</td><td>4,738</td><td>6,331</td><td>+1,593</td><td>5,165</td><td>5,387</td><td>7,558</td><td>+222</td><td>+2,171</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>833</td><td>849</td><td>935</td><td>1,057</td><td>1,406</td><td>5,240 3/</td><td>+3,834</td><td>1,163</td><td>1,559</td><td>6,450 4/</td><td>+396</td><td>+4,891</td></tr><tr><td>Veterans' Administration</td><td>629</td><td>588</td><td>534</td><td>511</td><td>511</td><td>507</td><td>-4</td><td>557</td><td>557</td><td>557</td><td>-</td><td>-</td></tr><tr><td>Social Security and E. R. Retirement Acts 2/</td><td>24</td><td>162</td><td>411</td><td>434</td><td>497</td><td>571</td><td>+74</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>480</td><td>491</td><td>314</td><td>709</td><td>973</td><td>930</td><td>-43</td><td>782</td><td>1,017</td><td>968</td><td>+235</td><td>-49</td></tr><tr><td>Interest on the public debt</td><td>618</td><td>673</td><td>693</td><td>669</td><td>736</td><td>771</td><td>+35</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>648</td><td>885</td><td>739</td><td>872</td><td>802</td><td>673</td><td>-129</td><td>948</td><td>869</td><td>747</td><td>-79</td><td>-122</td></tr><tr><td>Unemployment relief</td><td>2,089</td><td>2,246</td><td>1,719</td><td>2,399</td><td>1,768</td><td>1,606</td><td>-162</td><td>2,595</td><td>1,919</td><td>1,742</td><td>-676</td><td>-177</td></tr><tr><td>Loans and stock subscriptions</td><td>134</td><td>173</td><td>110</td><td>192</td><td>220</td><td>56</td><td>-164</td><td>212</td><td>241</td><td>94</td><td>+29</td><td>-147</td></tr><tr><td>Return of surplus funds from Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-313</td><td>-313</td><td>-</td><td>-</td><td>-339</td><td>-</td><td>-339</td></tr><tr><td>Other</td><td>783</td><td>857</td><td>854</td><td>969</td><td>1,199</td><td>1,141</td><td>-58</td><td>1,055</td><td>1,282</td><td>1,110</td><td>+227</td><td>-172</td></tr><tr><td>Total expenditures</td><td>6,238</td><td>6,924</td><td>6,309</td><td>7,812</td><td>8,112</td><td>11,182</td><td>+3,070</td><td>8,707</td><td>8,998</td><td>12,992</td><td>+291</td><td>+3,994</td></tr><tr><td>Net deficit</td><td>2,651</td><td>2,723</td><td>1,228</td><td>3,204</td><td>3,374</td><td>4,851</td><td>+1,477</td><td>3,542</td><td>3,611</td><td>5,434</td><td>+69</td><td>+1,823</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Revised Budget estimates as of June 1, 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 $478 millions for civil activities and (2) amounts expended by the Reconstruction Finance Corporation for loans and investments.
4/ Includes $250 millions for civil activities in connection with national defense which are included with non-defense expenditures in the Daily Treasury Statement.
5/ Excludes subscriptions to capital stock of Federal Crop Insurance Corporation.
6/ Includes loans shown under "Loans and stock subscriptions".
Means of Financing the Deficit
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">First 11 months, fiscal years 1936 to 1941</th><th colspan="3">Complete fiscal years, 1939 to 1941</th></tr><tr><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Actual 1939</th><th>Estimated 1940</th><th>Estimated 1941</th></tr><tr><td>Net deficit</td><td>2,651</td><td>2,723</td><td>1,228</td><td>3,204</td><td>3,374</td><td>4,851</td><td>3,542</td><td>3,611</td><td>5,434</td></tr><tr><td>Means of financing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>7,839</td><td>1,101</td><td>-27</td><td>2,127</td><td>1,553</td><td>3,695</td><td>2,180</td><td>1,523</td><td>4,146</td></tr><tr><td>Special issues</td><td>96</td><td>333</td><td>1,024</td><td>990</td><td>815</td><td>1,059</td><td>1,094</td><td>1,005</td><td>1,288</td></tr><tr><td>Total increase in public debt</td><td>2,935</td><td>1,434</td><td>997</td><td>3,117</td><td>2,368</td><td>4,754</td><td>3,274</td><td>2,528</td><td>5,434</td></tr><tr><td>Net decrease in working balance, general and special accounts 2/</td><td>-284</td><td>1,289</td><td>231</td><td>87</td><td>1,006</td><td>97</td><td>268</td><td>1,083</td><td>-</td></tr><tr><td>Total means of financing</td><td>2,651</td><td>2,723</td><td>1,228</td><td>3,204</td><td>3,374</td><td>4,851</td><td>3,542</td><td>3,611</td><td>5,434</td></tr></table>
Source: Daily Treasury Statements, except as noted. 1/ Revised Budget estimates as of June 1, 1941. 2/ Negative figures represent a net increase.
9
BUDGET RECEIPTS AND EXPENDITURES
10
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>256</td><td>529</td><td>294</td><td>343</td><td>499</td><td>272</td><td>233</td><td>517</td><td>4,372</td></tr><tr><td>1937.</td><td>239</td><td>230</td><td>966</td><td>318</td><td>290</td><td>828</td><td>367</td><td>412</td><td>747</td><td>292</td><td>286</td><td>823</td><td>5,798</td></tr><tr><td>1938.</td><td>294</td><td>308</td><td>917</td><td>262</td><td>373</td><td>774</td><td>273</td><td>449</td><td>678</td><td>300</td><td>350</td><td>672</td><td>5,650</td></tr><tr><td>1939.</td><td>271</td><td>367</td><td>687</td><td>213</td><td>347</td><td>557</td><td>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>565</td><td>394</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>9,304</td></tr><tr><td>1937.</td><td>543</td><td>568</td><td>770</td><td>712</td><td>519</td><td>1,255</td><td>635</td><td>517</td><td>661</td><td>571</td><td>458</td><td>637</td><td>7,846</td></tr><tr><td>1938.</td><td>493</td><td>487</td><td>709</td><td>632</td><td>567</td><td>937</td><td>725</td><td>645</td><td>732</td><td>739</td><td>646</td><td>838</td><td>8,150</td></tr><tr><td>1939.</td><td>656</td><td>612</td><td>829</td><td>731</td><td>695</td><td>917</td><td>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>1,316</td><td>1,142</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>166</td><td>2,500</td></tr><tr><td>1939.</td><td>385</td><td>245</td><td>142</td><td>518</td><td>348</td><td>360</td><td>499</td><td>402</td><td>74</td><td>443</td><td>284</td><td>320</td><td>4,020</td></tr><tr><td>1940.</td><td>398</td><td>224</td><td>72</td><td>488</td><td>249</td><td>285 2/</td><td>499</td><td>261</td><td>50</td><td>537</td><td>456</td><td>447</td><td>3,966</td></tr><tr><td>1941.</td><td>778</td><td>536</td><td>-166</td><td>751</td><td>748</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 1/</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. 1/</th><th>Debt retirement</th></tr><tr><th></th><th></th><th>Total</th><th>Income tax</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>746</td><td>858</td><td>251</td><td>225</td><td>4,325</td><td>3,668</td><td>74</td><td>121</td><td>461</td><td>2,245</td></tr><tr><td>1934</td><td>3,116</td><td>2,041</td><td>818</td><td>1,823</td><td>313</td><td>162</td><td>6,371</td><td>5,444</td><td>496</td><td>71</td><td>360</td><td>3,255</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>1,099</td><td>2,179</td><td>343</td><td>179</td><td>7,583</td><td>6,594</td><td>345</td><td>71</td><td>574</td><td>3,783</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>1,427</td><td>2,086</td><td>387</td><td>216</td><td>9,069</td><td>6,840</td><td>11</td><td>1,814</td><td>403</td><td>4,953</td></tr><tr><td>1937</td><td>5,029</td><td>4,333</td><td>2,163</td><td>2,170</td><td>486</td><td>210</td><td>8,281</td><td>7,370</td><td>204</td><td>603</td><td>104</td><td>3,252</td></tr><tr><td>1938</td><td>5,855</td><td>5,288</td><td>2,640</td><td>2,648</td><td>359</td><td>208</td><td>7,304</td><td>6,898</td><td>121</td><td>220</td><td>65</td><td>1,449</td></tr><tr><td>1939</td><td>5,165</td><td>4,658</td><td>2,189</td><td>2,469</td><td>319</td><td>188</td><td>8,765</td><td>8,432</td><td>92</td><td>182</td><td>58</td><td>3,600</td></tr><tr><td>1940</td><td>5,387 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-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>404</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>818</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><tr><td>April</td><td>565</td><td>325</td><td>75</td><td>250</td><td>49</td><td>191</td><td>1,316</td><td>1,295</td><td>2</td><td>18</td><td>1</td><td>751</td></tr><tr><td>May</td><td>394</td><td>336</td><td>63</td><td>273</td><td>41</td><td>17</td><td>1,142</td><td>1,238</td><td>-97</td><td>-</td><td>1</td><td>748</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.
11
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 defense</th><th>Veterans' Administration</th><th>FERA and CWA</th><th>WPA 2/</th><th>Public Works 3/</th><th>Agricultural Adjustment program</th><th>Civilian Conservation Corps</th><th>Social Security and Railroad Retirement Acts</th><th>Interest on the public debt</th><th>Other</th></tr><tr><td>1933</td><td>3,668</td><td>599</td><td>668</td><td>763</td><td>38</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>689</td><td>600</td></tr><tr><td>1934</td><td>5,444</td><td>387</td><td>540</td><td>507</td><td>1,512</td><td>-</td><td>533</td><td>289</td><td>332</td><td>-</td><td>757</td><td>577</td></tr><tr><td>1935</td><td>6,594</td><td>516</td><td>710</td><td>557</td><td>1,832</td><td>-</td><td>662</td><td>712</td><td>436</td><td>-</td><td>821</td><td>348</td></tr><tr><td>1936</td><td>6,840</td><td>586</td><td>911</td><td>578</td><td>1,264</td><td>1,896</td><td>647</td><td>533</td><td>486</td><td>29</td><td>749</td><td>561</td></tr><tr><td>1937</td><td>7,370</td><td>718</td><td>935</td><td>580</td><td>13</td><td>1,896</td><td>767</td><td>527</td><td>385</td><td>184</td><td>866</td><td>499</td></tr><tr><td>1938</td><td>6,898</td><td>632</td><td>1,023</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>1,153</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>1,878</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-May</td><td>642</td><td>68</td><td>154</td><td>47</td><td>-</td><td>128</td><td>74</td><td>62</td><td>22</td><td>30</td><td>10</td><td>47</td></tr><tr><td>June</td><td>883</td><td>67</td><td>153</td><td>46</td><td>-</td><td>113</td><td>79</td><td>44</td><td>22</td><td>12</td><td>305</td><td>42</td></tr><tr><td>July</td><td>700</td><td>84</td><td>177</td><td>46</td><td>-</td><td>110</td><td>72</td><td>54</td><td>24</td><td>65</td><td>20</td><td>48</td></tr><tr><td>August</td><td>693</td><td>72</td><td>200</td><td>46</td><td>-</td><td>109</td><td>80</td><td>76</td><td>23</td><td>35</td><td>20</td><td>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><tr><td>April</td><td>1,295</td><td>64</td><td>761</td><td>46</td><td>-</td><td>106</td><td>43</td><td>71</td><td>21</td><td>50</td><td>73</td><td>60</td></tr><tr><td>May</td><td>1,238</td><td>65</td><td>837</td><td>47</td><td>-</td><td>106</td><td>49</td><td>39</td><td>19</td><td>36</td><td>12</td><td>28</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>Transfers to Railroad Unemployment Insurance Account</th><th>Government Employees' Retirement Fund (U. S. share)</th></tr><tr><td>1933</td><td>74</td><td>74</td><td>-</td><td>121</td><td>-</td><td>100</td><td>-</td><td>21</td></tr><tr><td>1934</td><td>496</td><td>346</td><td>150</td><td>71</td><td>-</td><td>50</td><td>-</td><td>21</td></tr><tr><td>1935</td><td>345</td><td>141</td><td>204</td><td>71</td><td>-</td><td>50</td><td>-</td><td>21</td></tr><tr><td>1936</td><td>11</td><td>-33</td><td>44</td><td>1,814</td><td>-</td><td>1,773</td><td>-</td><td>41</td></tr><tr><td>1937</td><td>204</td><td>-18</td><td>222</td><td>603</td><td>-</td><td>556</td><td>-</td><td>47</td></tr><tr><td>1938</td><td>121</td><td>-13</td><td>134</td><td>220</td><td>147</td><td>-</td><td>-</td><td>73</td></tr><tr><td>1939</td><td>92</td><td>-8</td><td>101</td><td>182</td><td>107</td><td>-</td><td>-</td><td>75</td></tr><tr><td>1940</td><td>54</td><td>-5</td><td>59</td><td>208</td><td>121</td><td>-</td><td>-</td><td>87</td></tr><tr><td>1940-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><tr><td>April</td><td>2</td><td>*</td><td>2</td><td>18</td><td>8</td><td>10</td><td>-</td><td>-</td></tr><tr><td>May</td><td>-97</td><td>-100 2/1</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Net appropriations or transfer to the Old-Age Reserve Account or to the Federal Old-Age and Survivors Insurance Trust Fund prior to July 1, 1940 are excluded from both receipts and expenditures. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
2/ Reflects receipt of $100 millions by the Secretary of the Treasury representing reduction of capital stock of Federal Farm Mortgage Corporation.
12
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="3">Receipts</th><th rowspan="2">Less amounts credited to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th rowspan="2">Net receipts</th><th colspan="5">Expenditures</th><th rowspan="2">Excess of expenditures 2/</th></tr><tr><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</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>Refunds 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>21.4</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>347.3</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>537.1 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-May</td><td>131.4</td><td>122.5</td><td>8.9</td><td>-</td><td>131.4</td><td>29.2</td><td>2.6</td><td>26.2</td><td>25.8</td><td>.4</td><td>.4</td><td>-102.2</td></tr><tr><td>June</td><td>3.9</td><td>2.9</td><td>1.0</td><td>134.9 5/</td><td>-131.0</td><td>12.0</td><td>2.5</td><td>9.3</td><td>8.9</td><td>.4</td><td>.2</td><td>143.0</td></tr><tr><td>July</td><td>38.6</td><td>38.1</td><td>.5</td><td>35.8</td><td>2.8</td><td>64.6</td><td>2.6</td><td>61.8</td><td>46.7</td><td>15.1</td><td>.2</td><td>61.8</td></tr><tr><td>August</td><td>132.0</td><td>123.8</td><td>8.1</td><td>119.2</td><td>12.8</td><td>34.4</td><td>2.8</td><td>31.4</td><td>31.1</td><td>.3</td><td>.2</td><td>21.6</td></tr><tr><td>September</td><td>3.3</td><td>2.7</td><td>.6</td><td>.5</td><td>2.8</td><td>16.8</td><td>2.7</td><td>13.9</td><td>13.4</td><td>.5</td><td>.2</td><td>14.0</td></tr><tr><td>October</td><td>37.2</td><td>34.5</td><td>2.7</td><td>32.1</td><td>5.1</td><td>56.9</td><td>2.8</td><td>53.9</td><td>38.7</td><td>15.2</td><td>.2</td><td>51.8</td></tr><tr><td>November</td><td>133.1</td><td>125.1</td><td>8.0</td><td>122.7</td><td>10.4</td><td>36.9</td><td>2.7</td><td>34.0</td><td>33.8</td><td>.2</td><td>.2</td><td>26.5</td></tr><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>16.0</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><tr><td>April</td><td>41.7</td><td>39.2</td><td>2.5</td><td>37.0</td><td>4.7</td><td>49.4</td><td>2.6</td><td>46.5</td><td>34.0</td><td>12.5</td><td>.3</td><td>44.7</td></tr><tr><td>May</td><td>157.1</td><td>149.7</td><td>7.4</td><td>147.5</td><td>9.6</td><td>34.9</td><td>2.6</td><td>32.0</td><td>30.5</td><td>1.5</td><td>.3</td><td>25.3</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. Beginning July 1, 1940, includes also administrative expenses under the Wagner-Peyser Act. 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 $40,561,886.43, pursuant to authorization of August 24, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under Title IX of the Social Security Act. Other refunds are on account of Employment taxes (Title VIII) and Tax on employers of 6 or more (Title IX, Sec. 901) "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 rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimbursement for administrative expenses</th><th>Total</th><th>Investments</th><th>To credit of Trust Fund on books of Treasury</th><th>To credit of disbursing officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>267.3</td><td>265.0</td><td>265.0</td><td>-</td><td>2.3</td><td>-</td><td>-</td><td>-</td><td>267.3</td><td>267.1</td><td>.1</td><td>.1</td></tr><tr><td>1938</td><td>782.7</td><td>765.0</td><td>652.0</td><td>113.0</td><td>17.7</td><td>5.4</td><td>5.4</td><td>-</td><td>777.2</td><td>662.3</td><td>113.0</td><td>1.9</td></tr><tr><td>1939</td><td>1,199.6</td><td>1,155.0</td><td>1,155.0</td><td>-</td><td>44.6</td><td>19.3</td><td>19.3</td><td>-</td><td>1,180.3</td><td>1,177.2</td><td>.1</td><td>3.0</td></tr><tr><td>1940</td><td>1,792.1</td><td>1,705.0</td><td>1,705.0</td><td>-</td><td>87.1</td><td>47.4</td><td>35.1</td><td>12.3</td><td>1,744.7</td><td>1,738.1</td><td>.5</td><td>6.1</td></tr><tr><td>1940-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>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>168.2</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><tr><td>April</td><td>2,328.4</td><td>2,240.2</td><td>2,240.2</td><td>-</td><td>88.2</td><td>120.1</td><td>85.4</td><td>34.7</td><td>2,208.3</td><td>2,151.3</td><td>41.5</td><td>15.5</td></tr><tr><td>May</td><td>2,478.2</td><td>2,389.8</td><td>2,389.8</td><td>-</td><td>88.4</td><td>129.2</td><td>92.3</td><td>36.9</td><td>2,348.9</td><td>2,146.3</td><td>189.1</td><td>13.5</td></tr></table>
Source: Daily Treasury Statements. 
1/ Under Section 201 (f) of the Social Security Act amendments of 1939. 
2/ Includes balance of General Fund appropriation not yet transferred to Trust Fund.
13
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Receipts Total</th><th colspan="5">Expenditures</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 Unemployment Insurance Account</th><th>Transfers to Railroad Un-employment Insurance 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-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><tr><td>April</td><td>1.4</td><td>9.0</td><td>.7</td><td>8.3</td><td>-</td><td>-</td><td>7.6</td></tr><tr><td>May</td><td>6.1</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>-7.1</td></tr></table>
Source: Daily Treasury Statements.
1/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad Retirement and Railroad Unemployment Insurance Acts.
2/ Covered by appropriations from the General Fund 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 colspan="4">Receipts</th><th>Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th>Total receipts</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 dis-bursing 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>1.1</td><td>1.4</td><td>79.8</td><td>68.1</td><td>66.2</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>67.2</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>79.4</td><td>1.8</td></tr><tr><td>1940-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>85.4</td><td>77.4</td><td>22.2</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>85.4</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>85.4</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>85.4</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>85.4</td><td>8.5</td><td>21.9</td></tr><tr><td>April</td><td>504.4</td><td>498.5</td><td>498.5</td><td>-</td><td>5.9</td><td>399.0</td><td>105.4</td><td>85.4</td><td>.1</td><td>19.9</td></tr><tr><td>May</td><td>504.4</td><td>498.5</td><td>498.5</td><td>-</td><td>5.9</td><td>409.6</td><td>94.8</td><td>84.0</td><td>-</td><td>10.8</td></tr></table>
Source: Daily Treasury Statements. * Less than $100,000. 1/ Includes balance of appropriation available for transfers subsequent to June 30, 1937.
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Deposits by States</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriations</th><th>Transfers from Railroad Unemployment Insurance Administration Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>With-drawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total</th><th>Invest- ments</th><th>Unexpended balances</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>18.9</td><td>18.9</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>312.4</td><td>312.3</td><td>.1</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>884.2</td><td>872.0</td><td>12.2</td></tr><tr><td>1939</td><td>1,914.3</td><td>1,669.5</td><td>-</td><td>-</td><td>-</td><td>44.8</td><td>633.8</td><td>633.8</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td></tr><tr><td>1940</td><td>2,671.1</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>1,724.8</td><td>1,710.0</td><td>13.4</td></tr><tr><td>1940-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>1,802.1</td><td>1,790.0</td><td>10.3</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>1,958.0</td><td>1,945.3</td><td>7.4</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>1,995.1</td><td>1,974.3</td><td>15.6</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>2,100.7</td><td>2,087.3</td><td>7.8</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>2,092.3</td><td>2,077.3</td><td>9.0</td></tr><tr><td>April</td><td>3,663.1</td><td>3,445.1</td><td>90.1</td><td>15.0</td><td>7.5</td><td>105.4</td><td>1,536.5</td><td>1,490.8</td><td>30.7</td><td>2,126.6</td><td>2,117.3</td><td>5.0</td></tr><tr><td>May</td><td>3,830.0</td><td>3,611.2</td><td>90.9</td><td>15.0</td><td>7.5</td><td>105.4</td><td>1,566.6</td><td>1,519.8</td><td>31.8</td><td>2,263.4</td><td>2,254.3</td><td>5.9</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.2</td></tr></table>
Daily Treasury Statements. 1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account. 2/ Railroad unemployment benefits and refunds.
14
Cash Income and Outgo of the Treasury, by Major Classifications
(In millions of dollars)
<table><tr><th></th><th colspan="7">1940</th><th colspan="6">1941</th></tr><tr><th></th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th></tr><tr><td>CASH INCOME Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax.</td><td>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><td>75</td><td>61</td></tr><tr><td>Miscellaneous internal revenue.</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><td>244</td><td>254</td></tr><tr><td>Taxes under Social Security Act.</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><td>42</td><td>157</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>1</td><td>8</td></tr><tr><td>Customs.</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><td>49</td><td>41</td></tr><tr><td>Other.</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><td>16</td><td>18</td></tr><tr><td>Subtotal.</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><td>427</td><td>581</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposite by States).</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><td>67</td><td>166</td></tr><tr><td>Trust accounts.</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><td>46</td><td>42</td></tr><tr><td>Subtotal.</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><td>113</td><td>208</td></tr><tr><td>Total cash income.</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><td>540</td><td>789</td></tr><tr><td>CASH OUTGO Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense.</td><td>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><td>761</td><td>837</td></tr><tr><td>Social Security Act (grants and administrative expenses) 2/.</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>37</td><td>50</td><td>36</td></tr><tr><td>Interest on the public debt.</td><td>7</td><td>193r</td><td>16</td><td>16</td><td>145r</td><td>69</td><td>7</td><td>190r</td><td>14</td><td>16r</td><td>145r</td><td>69r</td><td>8</td></tr><tr><td>Public Works.</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><td>45</td><td>52</td></tr><tr><td>Agricultural aid 3/.</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><td>83</td><td>-67</td></tr><tr><td>National Youth Administration.</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><td>15</td><td>16</td></tr><tr><td>Work Projects Administration.</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><td>106</td><td>106</td></tr><tr><td>Other.</td><td>144</td><td>150</td><td>191</td><td>173</td><td>155</td><td>166</td><td>142</td><td>153</td><td>160</td><td>138r</td><td>154</td><td>164</td><td>149</td></tr><tr><td>Subtotal.</td><td>640</td><td>775</td><td>701</td><td>677</td><td>746</td><td>865</td><td>793</td><td>1,143</td><td>1,082</td><td>1,050</td><td>1,384</td><td>1,293</td><td>1,137</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation.</td><td>-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><td>61</td><td>81</td></tr><tr><td>Commodity Credit Corporation.</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><td>33</td><td>57</td></tr><tr><td>Unemployment trust fund.</td><td>58</td><td>54</td><td>57</td><td>53</td><td>38</td><td>34</td><td>30</td><td>51</td><td>39</td><td>41</td><td>37</td><td>33</td><td>30</td></tr><tr><td>Federal Old-Age and Survivors</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance Trust Fund.</td><td>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><td>7</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>11</td></tr><tr><td>Other.</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><td>37</td><td>110</td></tr><tr><td>Subtotal.</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><td>181</td><td>296</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>1</td><td>1</td></tr><tr><td>Total cash outgo.</td><td>691</td><td>886</td><td>806</td><td>870</td><td>832</td><td>966</td><td>952</td><td>1,248</td><td>1,179</td><td>1,153</td><td>1,555</td><td>1,475</td><td>1,434</td></tr><tr><td>EXCESS OF CASH OUTGO.</td><td>130</td><td>105</td><td>357</td><td>146</td><td>76</td><td>518</td><td>306</td><td>446</td><td>704</td><td>426</td><td>-85</td><td>935</td><td>685</td></tr></table>
1/ 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.
2/ Includes refunds of taxes.
3/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration and Farm Tenant Act.
Total Cash Income and Outgo, by Months
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Cash income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>249</td><td>240</td><td>772</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>540</td><td>749</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>432</td><td>489</td><td>621</td><td>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>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>835</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>895</td><td>8,687</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>844</td><td>652</td><td>989</td><td>892</td><td>781</td><td>667</td><td>947</td><td>9,483</td></tr><tr><td>1940</td><td>727</td><td>679</td><td>851</td><td>793</td><td>691</td><td>886</td><td>806</td><td>870</td><td>832</td><td>966</td><td>952</td><td>1,248</td><td>10,301</td></tr><tr><td>1941</td><td>1,179</td><td>1,153</td><td>1,555</td><td>1,475</td><td>1,434</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>1,136</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>11</td><td>224</td><td>151</td><td>85</td><td>434</td><td>181</td><td>138</td><td>1,695</td></tr><tr><td>1939</td><td>364</td><td>88</td><td>38</td><td>407</td><td>198</td><td>200</td><td>283</td><td>400</td><td>140</td><td>182</td><td>100</td><td>332</td><td>2,932</td></tr><tr><td>1940</td><td>329</td><td>65</td><td>-138</td><td>408</td><td>130</td><td>105</td><td>357</td><td>146</td><td>76</td><td>518</td><td>306</td><td>446</td><td>2,748</td></tr><tr><td>1941</td><td>704</td><td>426</td><td>-85</td><td>935</td><td>685</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
15
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
16
17
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>52</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>865</td><td>862</td><td>1,151</td><td>58</td></tr><tr><td>1937</td><td>2,709</td><td>1,863</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-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><tr><td>April</td><td>2,599</td><td>1,009</td><td>910</td><td>550</td><td>130</td></tr><tr><td>May</td><td>2,079</td><td>945</td><td>470</td><td>543</td><td>121</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>Total assets</th><th>Total 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-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>2,038</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><tr><td>April</td><td>2,599</td><td>173</td><td>2,425</td><td>1,679</td><td>603</td><td>143</td><td>-</td></tr><tr><td>May</td><td>2,079</td><td>175</td><td>1,904</td><td>1,157</td><td>604</td><td>143</td><td>-</td></tr></table>
Source: Daily Treasury Statements
PUBLIC DEBT OF THE UNITED STATES
18
19
Statement of the Outstanding Public Debt on June 30, 1940 and May 31, 1941
(In millions of dollars)
<table><tr><th></th><th>June 30, 1940</th><th>May 31, 1941</th><th>Change</th><th></th><th>June 30, 1940</th><th>May 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>20</td><td>+9</td></tr><tr><td>Treasury bonds....................</td><td>26,555</td><td>29,555</td><td>+3,000</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>5,721</td><td>-662</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>1,738</td><td>2,146</td><td>+408</td></tr><tr><td>Treasury bills....................</td><td>1,302</td><td>1,603</td><td>+301</td><td>Federal Savings and Loan Insurance Corporation.....</td><td>-</td><td>5</td><td>+5</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>37,075</td><td>+2,639</td><td>Government Retirement Funds....................</td><td>559</td><td>633</td><td>+74</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td>National Service Life Insurance Fund.............</td><td>-</td><td>2</td><td>+2</td></tr><tr><td>U. S. savings bonds....................</td><td>2,905</td><td>4,008</td><td>+1,103</td><td>Postal Savings System....................</td><td>97</td><td>92</td><td>-5</td></tr><tr><td>Adjusted service bonds....................</td><td>261</td><td>243</td><td>-18</td><td>Railroad Retirement Account....................</td><td>80</td><td>84</td><td>+4</td></tr><tr><td>Total non-marketable issues.</td><td>3,166</td><td>4,251</td><td>+1,085</td><td>Unemployment Trust Fund....................</td><td>1,710</td><td>2,254</td><td>+544</td></tr><tr><td>Total public issues....................</td><td>37,602</td><td>41,326</td><td>+3,724</td><td>Total special issues....................</td><td>4,775</td><td>5,234</td><td>+1,059</td></tr><tr><td></td><td></td><td></td><td></td><td>Total interest-bearing public debt....................</td><td>42,377</td><td>47,160</td><td>+4,783</td></tr><tr><td></td><td></td><td></td><td></td><td>Matured debt on which interest has ceased........</td><td>205</td><td>191</td><td>-14</td></tr><tr><td></td><td></td><td></td><td></td><td>Debt bearing no interest....................</td><td>386</td><td>370</td><td>-16</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt....................</td><td>42,968</td><td>47,721</td><td>+4,753</td></tr></table>
Source: Daily Treasury Statements.
Composition of the Public Debt
(In millions of dollars)
<table><tr><th colspan="2">Gross public debt</th><th colspan="8">Interest-bearing public debt</th><th rowspan="2">Matured debt</th><th rowspan="2">Debt bearing no interest</th></tr><tr><th>End of fiscal year or month</th><th>Total</th><th>Total</th><th colspan="2">Public issues</th><th colspan="2">Special issues</th><th></th></tr><tr><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th>Bills and certificates of indebtedness</th><th>Amount</th><th>% of total interest-bearing debt</th><th>% of total interest-bearing debt</th></tr><tr><th></th><th></th><th></th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th>Amount</th><th>% of total interest-bearing debt</th><th></th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td></tr><tr><td>1935</td><td>28,701</td><td>27,045</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>633</td><td>2.3</td><td>231</td><td>825</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</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-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>14.7</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>45,877</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><tr><td>April</td><td>47,231</td><td>46,673</td><td>33,641</td><td>72.1</td><td>5,721</td><td>12.3</td><td>1,604</td><td>3.4</td><td>5,707</td><td>12.2</td><td>186</td><td>372</td></tr><tr><td>May</td><td>47,721</td><td>47,160</td><td>34,002</td><td>72.1</td><td>5,721</td><td>12.1</td><td>1,603</td><td>3.4</td><td>5,834</td><td>12.4</td><td>191</td><td>370</td></tr></table>
Source: Daily Treasury Statements.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(in millions of dollars)
<table><tr><th></th><th colspan="12">Purchases or sales (-)</th></tr><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th></tr><tr><td>1937</td><td>14.4</td><td>5.7</td><td>119.6</td><td>11.9</td><td>3.9</td><td>24.4</td><td>4.8</td><td>12.5</td><td>8.9</td><td>3.7</td><td>2.0</td><td>-15.4</td></tr><tr><td>1938</td><td>-12.0</td><td>-3.0</td><td>23.3</td><td>2.5</td><td>-4.9</td><td>.8</td><td>1.2</td><td>-3.9</td><td>38.5</td><td>1.0</td><td>.4</td><td>6.5</td></tr><tr><td>1939</td><td>1.6</td><td>.1</td><td>-.7</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>-2.6</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>-2.6</td><td>12.0</td><td>-</td><td>-.7</td><td>-.2</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT
20
21
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</th><th colspan="3">Securities guaranteed by United States 1/</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">Distribution by classes of holders</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>U. S. Government agencies and trust funds and Federal Reserve Banks 2/</th><th>Private investors 4/</th></tr><tr><td>1933.</td><td>22,158</td><td>683</td><td>360</td><td>323</td><td>1,998</td><td>19,477</td><td>19,477</td><td>-</td><td>681</td><td>150</td><td>531</td></tr><tr><td>1934.</td><td>26,480</td><td>1,278</td><td>882</td><td>396</td><td>2,432</td><td>22,770</td><td>22,770</td><td>-</td><td>4,123</td><td>362</td><td>3,761</td></tr><tr><td>1935.</td><td>27,645</td><td>1,619</td><td>986</td><td>633</td><td>2,433</td><td>23,593</td><td>23,531</td><td>62</td><td>4,718</td><td>376</td><td>4,342</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>4,665</td><td>363</td><td>4,302</td></tr><tr><td>1937.</td><td>35,800</td><td>3,211</td><td>1,653</td><td>1,558</td><td>2,526</td><td>30,063</td><td>28,875</td><td>1,188</td><td>4,853</td><td>326</td><td>4,527</td></tr><tr><td>1938.</td><td>36,576</td><td>4,452</td><td>1,776</td><td>2,676</td><td>2,564</td><td>29,560</td><td>28,004</td><td>1,556</td><td>5,450</td><td>286</td><td>5,164</td></tr><tr><td>1939.</td><td>39,886</td><td>5,599</td><td>1,829</td><td>3,770</td><td>2,551</td><td>31,736</td><td>29,585</td><td>2,151</td><td>5,498</td><td>285</td><td>5,213</td></tr><tr><td>1940.</td><td>42,377</td><td>6,792</td><td>2,017</td><td>4,775</td><td>2,458</td><td>33,127</td><td>29,961</td><td>3,166</td><td>5,497</td><td>287</td><td>5,210</td></tr><tr><td>1940-May.</td><td>42,253</td><td>6,601</td><td>2,016</td><td>4,585</td><td>2,467</td><td>33,185</td><td>30,051</td><td>3,134</td><td>5,497</td><td>285</td><td>5,213</td></tr><tr><td>June.</td><td>42,377</td><td>6,792</td><td>2,017</td><td>4,775</td><td>2,458</td><td>33,127</td><td>29,961</td><td>3,166</td><td>5,498</td><td>285</td><td>5,213</td></tr><tr><td>July.</td><td>43,186</td><td>6,884</td><td>2,031</td><td>4,853</td><td>2,441</td><td>33,861</td><td>30,637</td><td>3,224</td><td>5,499</td><td>284</td><td>5,215</td></tr><tr><td>August.</td><td>43,317</td><td>6,946</td><td>2,012</td><td>4,934</td><td>2,435</td><td>33,936</td><td>30,672</td><td>3,264</td><td>5,788</td><td>285</td><td>5,503</td></tr><tr><td>September.</td><td>43,480</td><td>7,053</td><td>1,990</td><td>5,063</td><td>2,417</td><td>34,010</td><td>30,712</td><td>3,298</td><td>5,787</td><td>284</td><td>5,503</td></tr><tr><td>October.</td><td>43,560</td><td>7,083</td><td>1,982</td><td>5,101</td><td>2,328</td><td>34,149</td><td>30,813</td><td>3,336</td><td>5,790</td><td>283</td><td>5,507</td></tr><tr><td>November.</td><td>43,707</td><td>7,184</td><td>1,975</td><td>5,209</td><td>2,200</td><td>34,323</td><td>30,949</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>7,346</td><td>1,976</td><td>5,370</td><td>2,179</td><td>34,933</td><td>31,489</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>7,404</td><td>1,978</td><td>5,426</td><td>2,179</td><td>35,737</td><td>32,118</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>7,529</td><td>1,995</td><td>5,534</td><td>2,179</td><td>35,827</td><td>32,100</td><td>3,727</td><td>5,901</td><td>277</td><td>5,624</td></tr><tr><td>March.</td><td>46,581</td><td>7,717</td><td>2,034</td><td>5,683</td><td>2,179</td><td>36,685</td><td>32,841</td><td>3,844</td><td>5,905</td><td>275</td><td>5,630</td></tr><tr><td>April.</td><td>46,673</td><td>7,771</td><td>2,064</td><td>5,707</td><td>2,179</td><td>36,723</td><td>32,832</td><td>3,891</td><td>6,550</td><td>277</td><td>6,273</td></tr><tr><td>May.</td><td>47,160</td><td>7,899 p</td><td>2,065 p</td><td>5,834</td><td>2,179</td><td>37,082 p</td><td>32,831 p</td><td>4,251</td><td>6,359</td><td>277 p</td><td>6,082 p</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. Note: This table has been revised to classify production credit associations and joint stock land banks as private investors rather than as Government agencies. p Preliminary. 1/ Excludes obligations sold directly to the Treasury. 2/ 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 Receipts and Expenditures
(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>7,475.1</td><td>6.5</td><td>3,034.9</td><td>2,567.1</td><td>9,808.8</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>3,274.8</td></tr><tr><td>1940</td><td>13,165.6</td><td>7,194.4</td><td>8.4</td><td>2,812.0</td><td>3,150.8</td><td>10,637.6</td><td>5,679.8</td><td>2,812.0</td><td>2,145.8</td><td>2,528.0</td></tr><tr><td>1940-May</td><td>658.0</td><td>564.7</td><td>.3</td><td>-</td><td>91.0</td><td>506.0</td><td>503.3</td><td>-</td><td>2.7</td><td>150.0</td></tr><tr><td>June</td><td>2,705.2</td><td>450.0</td><td>.3</td><td>277.7</td><td>1,977.2</td><td>2,545.4</td><td>480.7</td><td>277.7</td><td>1,787.0</td><td>159.8</td></tr><tr><td>July</td><td>1,376.9</td><td>1,245.9</td><td>.3</td><td>1.7</td><td>129.0</td><td>573.9</td><td>521.7</td><td>1.7</td><td>50.5</td><td>803.0</td></tr><tr><td>August</td><td>554.8</td><td>463.4</td><td>.3</td><td>-</td><td>91.1</td><td>420.1</td><td>409.3</td><td>-</td><td>10.8</td><td>134.7</td></tr><tr><td>September</td><td>613.9</td><td>447.6</td><td>.2</td><td>-</td><td>166.0</td><td>446.2</td><td>409.7</td><td>-</td><td>36.4</td><td>167.7</td></tr><tr><td>October</td><td>1,337.5</td><td>557.6</td><td>.2</td><td>724.7</td><td>55.0</td><td>1,273.2</td><td>531.7</td><td>724.7</td><td>16.8</td><td>64.3</td></tr><tr><td>November</td><td>557.1</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>636.5</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>1,053.2</td></tr><tr><td>April</td><td>651.8</td><td>585.0</td><td>.2</td><td>.6</td><td>66.0</td><td>594.2</td><td>551.8</td><td>.6</td><td>41.8</td><td>57.6</td></tr><tr><td>May</td><td>915.4</td><td>775.6</td><td>.1</td><td>-</td><td>139.7</td><td>425.2</td><td>412.6</td><td>-</td><td>12.6</td><td>490.2</td></tr></table>
Source: Daily Treasury Statements.
22
Securities Held by Governmental Corporations and Credit Agencies and by Trust Funds As of March 31, 1941
(Face amounts in thousands of dollars)
<table><tr><th>Description of security</th><th>Total</th><th>Farm Credit Administration agencies 1/</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board agencies 2/</th><th>Federal Housing Administration insurance funds 3/</th><th>Individual Indian trust funds</th><th>Postal Savings System</th><th>Reconstruction Finance Corporation</th><th>U.S. Government Life Insurance Fund</th><th>United States Housing Authority</th><th>Other trust funds 4/</th><th>Other agencies 5/</th></tr><tr><td>United States Government 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></tr><tr><td>Public issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>10</td></tr><tr><td>3-1/16 Aug. 1941</td><td>170</td><td>-</td><td>-</td><td>150</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3-3/8 June 1943-47</td><td>28,994</td><td>-</td><td>5,362</td><td>200</td><td>-</td><td>14,118</td><td>8,446</td><td>-</td><td>-</td><td>-</td><td>867</td><td>-</td></tr><tr><td>3-1/16 Oct. 1943-45</td><td>70,498</td><td>-</td><td>20,201</td><td>150</td><td>-</td><td>2,896</td><td>47,008</td><td>-</td><td>-</td><td>-</td><td>244</td><td>-</td></tr><tr><td>3-1/16 Apr. 1944-46</td><td>91,389</td><td>450</td><td>31,232</td><td>850</td><td>-</td><td>1,946</td><td>57,285</td><td>-</td><td>-</td><td>-</td><td>125</td><td>-</td></tr><tr><td>1/6 Dec. 1944-54</td><td>64,576</td><td>-</td><td>11,635</td><td>-</td><td>2,845</td><td>1,178</td><td>14,541</td><td>-</td><td>14,106</td><td>-</td><td>271</td><td>-</td></tr><tr><td>2-3/16 Sept. 1945-47</td><td>48,234</td><td>1,010</td><td>655</td><td>2,884</td><td>-</td><td>1,158</td><td>42,526</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/16 Dec. 1945</td><td>400</td><td>-</td><td>-</td><td>400</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3-3/16 Mar. 1946-56</td><td>33,860</td><td>-</td><td>7,338</td><td>200</td><td>2,788</td><td>16</td><td>20,744</td><td>-</td><td>2,200</td><td>-</td><td>574</td><td>-</td></tr><tr><td>3/6 June 1946-48</td><td>114,543</td><td>4,893</td><td>11,396</td><td>1,850</td><td>-</td><td>974</td><td>95,430</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4-1/16 June 1946-49</td><td>39,930</td><td>-</td><td>12,266</td><td>1,000</td><td>-</td><td>4,241</td><td>22,423</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4-1/16 Oct. 1947-52</td><td>69,419</td><td>-</td><td>4,632</td><td>-</td><td>2,940</td><td>45</td><td>19,432</td><td>-</td><td>40,772</td><td>-</td><td>1,599</td><td>-</td></tr><tr><td>2/8 Dec. 1947</td><td>2,000</td><td>200</td><td>-</td><td>1,800</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/16 Mar. 1948-51</td><td>69,179</td><td>8,110</td><td>7,663</td><td>1,695</td><td>-</td><td>3</td><td>46,408</td><td>-</td><td>5,300</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/16 Sept. 1948</td><td>4,725</td><td>-</td><td>4,358</td><td>200</td><td>-</td><td>-</td><td>167</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2/8 Mar. 1948-50</td><td>13,466</td><td>13,316</td><td>-</td><td>150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2/8 Dec. 1948-50</td><td>52,380</td><td>800</td><td>25,000</td><td>1,580</td><td>-</td><td>2</td><td>24,661</td><td>-</td><td>-</td><td>-</td><td>337</td><td>-</td></tr><tr><td>3-1/16 Dec. 1949-52</td><td>13,777</td><td>1,893</td><td>1,335</td><td>300</td><td>-</td><td>580</td><td>10,250</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/16 Dec. 1949-53</td><td>178,682</td><td>8,440</td><td>16,780</td><td>4,850</td><td>-</td><td>580</td><td>99,978</td><td>47,904</td><td>-</td><td>-</td><td>150</td><td>-</td></tr><tr><td>2-1/16 Sept. 1950-52</td><td>54,117</td><td>8,162</td><td>-</td><td>4,200</td><td>-</td><td>-</td><td>17,155</td><td>-</td><td>24,600</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-3/16 June 1951-54</td><td>99,850</td><td>13,695</td><td>14,651</td><td>3,777</td><td>550</td><td>243</td><td>48,785</td><td>19</td><td>17,745</td><td>-</td><td>385</td><td>-</td></tr><tr><td>3/8 Sept. 1951-55</td><td>78,312</td><td>500</td><td>8,069</td><td>140</td><td>-</td><td>803</td><td>62,155</td><td>-</td><td>5,900</td><td>800</td><td>630</td><td>115</td></tr><tr><td>2-1/16 Dec. 1951-53</td><td>88,900</td><td>300</td><td>35,000</td><td>2,300</td><td>-</td><td>6</td><td>50,494</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/16 Mar. 1952-54</td><td>47,271</td><td>19,195</td><td>5,000</td><td>640</td><td>1,500</td><td>543</td><td>15,000</td><td>-</td><td>3,000</td><td>1,325</td><td>1,068</td><td>-</td></tr><tr><td>2/8 June 1953-55</td><td>11,278</td><td>11,278</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2-1/16 June 1954-56</td><td>47,005</td><td>270</td><td>22,074</td><td>1,735</td><td>1,500</td><td>-</td><td>-</td><td>-</td><td>20,000</td><td>770</td><td>656</td><td>4,187</td></tr><tr><td>2-7/16 Mar. 1955-60</td><td>384,136</td><td>32,773</td><td>32,073</td><td>10,186</td><td>5,320</td><td>10,512</td><td>162,000</td><td>1</td><td>122,559</td><td>450</td><td>4,075</td><td>-</td></tr><tr><td>2-3/16 Sept. 1956-59</td><td>127,114</td><td>3,800</td><td>23,585</td><td>1,208</td><td>5,243</td><td>779</td><td>54,922</td><td>28</td><td>36,824</td><td>-</td><td>726</td><td>-</td></tr><tr><td>2-3/16 June 1958-63</td><td>45,767</td><td>27,324</td><td>1,425</td><td>1,200</td><td>-</td><td>1</td><td>5,269</td><td>-</td><td>6,840</td><td>350</td><td>1,358</td><td>-</td></tr><tr><td>2-3/16 Dec. 1960-65</td><td>81,531</td><td>16,482</td><td>7,200</td><td>3,675</td><td>4,427</td><td>455</td><td>20,292</td><td>1</td><td>25,078</td><td>2,200</td><td>1,722</td><td>-</td></tr><tr><td>Total Treasury bonds</td><td>1,962,003</td><td>172,891</td><td>308,928</td><td>47,320</td><td>27,113</td><td>40,510</td><td>965,371</td><td>47,951</td><td>326,925</td><td>5,895</td><td>14,786</td><td>4,312</td></tr><tr><td>Other 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></tr><tr><td>Postal savings bonds</td><td>30,847</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30,847</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States savings bonds 6/</td><td>195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td></tr><tr><td>Adjusted service bonds</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total other bonds</td><td>31,044</td><td>-</td><td>-</td><td>-</td><td>-</td><td>147</td><td>30,847</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-3/8 June 1941</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-1/16 Dec. 1941</td><td>434</td><td>300</td><td>-</td><td>100</td><td>-</td><td>-</td><td>-</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-3/16 Mar. 1942</td><td>300</td><td>100</td><td>-</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-3/16 Dec. 1942</td><td>200</td><td>-</td><td>-</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-1/8 June 1943</td><td>20,293</td><td>1,400</td><td>17,488</td><td>1,405</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1/4 Sept. 1943</td><td>150</td><td>-</td><td>-</td><td>150</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1-1/8 Dec. 1943</td><td>3,287</td><td>1,452</td><td>-</td><td>1,835</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1/4 Mar. 1944</td><td>1,400</td><td>300</td><td>-</td><td>1,100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/16 June 1944</td><td>1,078</td><td>-</td><td>-</td><td>950</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/16 Sept. 1944</td><td>7,542</td><td>4,691</td><td>-</td><td>2,710</td><td>-</td><td>-</td><td>-</td><td>142</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/16 Mar. 1945</td><td>960</td><td>-</td><td>-</td><td>550</td><td>-</td><td>-</td><td>-</td><td>410</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3/16 Dec. 1945</td><td>5,964</td><td>540</td><td>-</td><td>3,940</td><td>-</td><td>-</td><td>-</td><td>1,884</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Treasury notes</td><td>41,630</td><td>8,782</td><td>17,488</td><td>13,140</td><td>-</td><td>-</td><td>-</td><td>2,220</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total public issues</td><td>2,034,677</td><td>181,673</td><td>326,416</td><td>60,460</td><td>27,113</td><td>40,656</td><td>996,219</td><td>50,172</td><td>326,925</td><td>5,895</td><td>14,836</td><td>4,312</td></tr><tr><td>Special issues</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2% securities</td><td>212,509</td><td>-</td><td>90,000</td><td>3,250</td><td>-</td><td>-</td><td>111,500</td><td>-</td><td>7,759</td><td>-</td><td>2,895,200</td><td>-</td></tr><tr><td>2-1/2% securities</td><td>2,895,200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>3% securities</td><td>1,430,105</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,430,105</td><td>-</td></tr><tr><td>5% securities</td><td>644,625</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>644,625</td><td>-</td></tr><tr><td>4-1/2% securities</td><td>500,158</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>500,158</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total special issues</td><td>5,682,597</td><td>-</td><td>90,000</td><td>3,250</td><td>-</td><td>-</td><td>111,500</td><td>-</td><td>507,917</td><td>-</td><td>4,969,930</td><td>-</td></tr><tr><td>Total United States Government securities</td><td>7,717,274</td><td>181,673</td><td>416,416</td><td>63,710</td><td>27,113</td><td>40,656</td><td>1,107,719</td><td>50,172</td><td>834,842</td><td>5,895</td><td>4,984,766</td><td>4,312</td></tr></table>
(Continued on following page)
23
Securities Held by Governmental Corporations and Credit Agencies and by Trust Funds As of March 31, 1941 (Continued)
(Face amounts in thousands of dollars)
<table><tr><th>Description of security</th><th>Total</th><th>Farm Credit Administration agency class 1/</th><th>Federal Deposit Insurance Corporation</th><th>Federal Home Loan Bank Board agencies 2/</th><th>Federal Housing Administration insurance funds 3/</th><th>Individual life insurance funds</th><th>Postal Savings System</th><th>Reconstruction Finance Corporation</th><th>U.S. Government Life Insurance Fund</th><th>United States Housing Authority</th><th>Other trust funds 4/</th><th>Other agencies 5/</th></tr><tr><td>1. Guaranteed by the</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>First mortgage notes.....</td><td>200</td><td>-</td><td>-</td><td>200</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Farmland Farm Mortgage corporation bonds.....</td><td>97,196</td><td>9,672</td><td>-</td><td>200</td><td>-</td><td>58</td><td>87,156</td><td>-</td><td>-</td><td>-</td><td>110</td><td>-</td></tr><tr><td>First mortgage bonds.....</td><td>168,374</td><td>-</td><td>-</td><td>108,943</td><td>-</td><td>25</td><td>59,406</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Corporation finance corporation notes.....</td><td>3,678</td><td>-</td><td>-</td><td>3,678</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority notes.....</td><td>600</td><td>-</td><td>-</td><td>600</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>2. 1. Guaranteed</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>United States.....</td><td>270,048</td><td>9,672</td><td>-</td><td>113,621</td><td>-</td><td>83</td><td>146,562</td><td>-</td><td>-</td><td>-</td><td>110</td><td>-</td></tr><tr><td>3. 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></tr><tr><td>Farm loan bonds.....</td><td>811,494</td><td>768,147</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>41,999</td><td>-</td><td>1,347</td><td>-</td></tr><tr><td>Non-agricolite credit corporation bonds.....</td><td>4,785</td><td>4,785</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Individual bonds and securities.....</td><td>182</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>182</td><td>-</td></tr><tr><td>Urban bonds.....</td><td>71</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>71</td><td>-</td></tr><tr><td>All else.....</td><td>234</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>212</td><td>-</td></tr><tr><td>Other securities.....</td><td>816,766</td><td>172,932</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td><td>41,999</td><td>-</td><td>1,813</td><td>-</td></tr><tr><td>4. Total held.....</td><td>5,804,089</td><td>964,278</td><td>416,416</td><td>177,331</td><td>27,113</td><td>40,761</td><td>1,254,281</td><td>50,172</td><td>876,841</td><td>5,895</td><td>4,986,689</td><td>4,312</td></tr></table>
1. U.S. Farm Mortgage Corporation, Federal land banks, Federal intermediate credit banks, banks for cooperatives, and production credit corporations.
2. U.S. federal home loan banks, Federal Savings and Loan Insurance Corporation, and Home Owners' Loan Corporation.
3. Federal Mutual Mortgage Insurance Fund and Housing Insurance Fund.
4. D. C. teachers' retirement fund, Alien property custodian funds, Panama Canal Zone funds, Veterans' Administration general post fund, D. C. workers' compensation fund, Longshoremen's and harbor workers' compensation fund, D. C. water fund, German special deposit account, National Institute of Health gift fund, Comptroller of the Currency employee's retirement fund, Pershing Hall memorial fund, National Park gift fund, National service life insurance fund, Alnsworth Library fund (Walter Reed General Hospital), Unemployment trust fund, Federal old age and survivors insurance trust fund, Railroad retirement account, Alaska railroad retirement and disability fund, Canal Zone retirement and disability fund, Civil Service retirement and disability fund, Foreign service retirement and disability fund, and Adjusted service certificate fund.
5. U.S. Inland Waterways Corporation and U. S. Spruce Production Corporation.
24
Statement Showing Details of Major Financing Operations of the Treasury Since January 1, 1938
(In millions of dollars)
<table><tr><th>Date of issue</th><th>Rate per cent</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th colspan="3">For cash</th><th colspan="4">New securities allotted</th></tr><tr><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certificates</th><th></th><th></th><th colspan="2">Amount of exchanges</th><th colspan="4">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and 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, 1935</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.</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>-</td><td>39</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>894</td><td>-</td><td>-</td><td>-</td><td>-</td><td>894</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15.</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.</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 1/2 moe.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>6,264 501/2</td><td>521 501/2</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>1001/2</td><td>1001/2</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>6,605 501/2</td><td>631 501/2</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 7/2 moe.</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.</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>1,024</td><td>-</td><td>6,145 501/2</td><td>526 501/2</td><td>-</td><td>448</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>June 2. (Add. 3/15/41)</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td><td>-</td><td>Aug. 15, 1933</td><td>3-1/4</td><td>Aug. 1, 1941</td></tr><tr><td>June 2.</td><td>2-1/2</td><td>14 years 91/2 moe. -16 years 91/2 moe.</td><td>Mar. 15, 1956 Mar. 15, 1958</td><td>1,449</td><td>-</td><td>8,268</td><td>662</td><td>788</td><td>-</td><td>Aug. 15, 1933</td><td>3-1/4</td><td>Aug. 1, 1941</td></tr></table>
Back Figures: For finance from July 1, 1935 through December 31, 1937 see March 1939 Bulletin, pp. 16-18. 1/ These amounts were sold to Government investment accounts direct.
25
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding
As of May 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</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</td><td>1,603</td><td></td><td></td><td>Bills</td><td>1,603</td><td></td><td></td></tr><tr><td>1-3/8% Notes B - 6/15/41</td><td>24</td><td></td><td></td><td>1-3/8% Notes B - 6/15/41</td><td>24</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>2,665</td><td>-</td><td>2,665</td><td>Total</td><td>2,665</td><td>-</td><td>2,665</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>1-3/4% Notes A - 3/15/42</td><td>426</td><td></td><td></td><td>1-3/4% Notes A - 3/15/42</td><td>426</td><td></td><td></td></tr><tr><td>2% Notes B - 9/15/42</td><td>342</td><td></td><td></td><td>2% Notes B - 9/15/42</td><td>342</td><td></td><td></td></tr><tr><td>1-3/4% Notes C - 12/15/42</td><td>232</td><td></td><td></td><td>1-3/4% Notes C - 12/15/42</td><td>232</td><td></td><td></td></tr><tr><td>Total</td><td>1,000</td><td>-</td><td>3,665</td><td>Total</td><td>1,000</td><td>-</td><td>3,665</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>1-3/8% Notes C - 9/15/43</td><td>279</td><td>454</td><td></td><td>1-3/8% Notes C - 9/15/43</td><td>279</td><td></td><td></td></tr><tr><td>1-1/4% Notes B - 10/15/43</td><td>279</td><td></td><td></td><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td></td><td></td></tr><tr><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td>1,401</td><td></td><td>Total</td><td>1,794</td><td>-</td><td>5,059</td></tr><tr><td>Total</td><td>1,394</td><td>1,855</td><td>6,914</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% Series - 4/15/44-46</td><td>416</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>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td><td>3/4% Notes C - 9/15/44</td><td>283</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/44</td><td>283</td><td></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>3/4% Notes D (Nat. Defense Series) - 9/15/44</td><td>635</td><td>1,037</td><td></td><td>Total</td><td>1,849</td><td>-</td><td>6,908</td></tr><tr><td>4% Bonds - 12/15/44-54</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>1,849</td><td>2,556</td><td>11,319</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>2-1/4% Bonds - 9/15/45-47</td><td>541</td><td>1,214</td><td></td><td>2-1/4% Series - 10/15/45-47</td><td>541</td><td>1,401</td><td></td></tr><tr><td>1-1/2% Bonds - 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>3/4% Notes B (Nat. Defense Series) - 12/15/45</td><td>531</td><td>1,214</td><td></td><td>Total</td><td>1,790</td><td>1,401</td><td>10,099</td></tr><tr><td>Total</td><td>1,790</td><td>1,214</td><td>14,323</td><td></td><td></td><td></td><td></td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td>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>1,036</td><td>489</td><td></td><td>3-1/4% Bonds - 4/15/46-48</td><td>16</td><td>1,519</td><td></td></tr><tr><td>3% Bonds - 6/15/46-48</td><td>819</td><td></td><td></td><td>Total</td><td>16</td><td>1,519</td><td>11,634</td></tr><tr><td>3-1/3% Bonds - 6/15/46-49</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>16,683</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>759</td><td></td><td></td><td>2-3/4% Bonds - 3/15/47-47</td><td>454</td><td>1,214</td><td></td></tr><tr><td>2% Bonds - 12/15/47</td><td>701</td><td></td><td></td><td>2-3/4% Bonds - 12/15/47</td><td>701</td><td>1,668</td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>18,156</td><td>Total</td><td>714</td><td>1,668</td><td>14,016</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>2% Bonds - 7/15/46-48</td><td>1,036</td><td></td><td></td></tr><tr><td>2-1/4% Bonds - 3/15/48-51</td><td>1,223</td><td></td><td></td><td>2-1/2% Bonds - 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>15,503</td></tr><tr><td>2% Bonds - 12/15/48-50</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>451</td><td>2,909</td><td>21,516</td><td></td><td></td><td></td><td></td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/49-53</td><td>1,786</td><td></td><td></td><td>3-1/8% Series - 5/15/46-49</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>16,322</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>23,793</td><td></td><td></td><td></td><td></td></tr><tr><td>1950</td><td></td><td></td><td></td><td>1950</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/50-52</td><td>1,186</td><td></td><td></td><td>2% Bonds - 3/15/46-50</td><td>1,115</td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>24,979</td><td>2% Bonds - 12/15/46-50</td><td>571</td><td>1,686</td><td>18,008</td></tr><tr><td></td><td></td><td></td><td></td><td>Total</td><td>-</td><td>1,686</td><td></td></tr></table>
(Continued on following page)
26
Maturity Schedul
of United States Government Interest-Bearing Marketable Securities Outstanding As of May 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>28,479</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>19,231</td></tr><tr><td>1952<br>2-1/2% Bonds - 3/15/52-54..<br>Total</td><td>-</td><td>1,024<br>1,024</td><td>29,503</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>21,667</td></tr><tr><td>1953<br>2% Bonds - 6/15/53-55..<br>Total</td><td>-</td><td>725<br>725</td><td>30,228</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>1,786<br>2,904</td><td>24,571</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>30,909</td><td>1954<br>2-1/2% Bonds - 3/15/52-54..<br>2-3/4% Bonds - 6/15/51-54..<br>1/4% Bonds - 12/15/44-54..<br>Total</td><td>-</td><td>1,024<br>1,627<br>1,037<br>3,688</td><td>28,259</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>33,520</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>29,739</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>34,502</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>30,909</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>34,502</td><td>1957</td><td>-</td><td>-</td><td>30,909</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>35,421</td><td>1958</td><td>-</td><td>-</td><td>30,909</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>35,421</td><td>1959<br>2-3/4% Bonds - 9/15/56-59..<br>Total</td><td>-</td><td>982<br>982</td><td>31,891</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>36,906</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>34,502</td></tr><tr><td>1961<br>3% Panama Canal bonds - 6/1/61......<br>Total</td><td>50<br>50</td><td>-</td><td>36,956</td><td>1961<br>3% Panama Canal bonds - 6/1/61......<br>Total</td><td>50<br>50</td><td>-</td><td>34,552</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>36,956</td><td>1962</td><td>-</td><td>-</td><td>34,552</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>36,956</td><td>1963<br>2-3/4% Bonds - 6/15/58-63..<br>Total</td><td>-</td><td>919<br>919</td><td>35,471</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>36,956</td><td>1964</td><td>-</td><td>-</td><td>35,471</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>36,956</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>36,956</td></tr></table>
Source: Daily Treasury Statement.
1/ Excludes postal savings bonds.
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.
27
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>790,678,123</td><td>2.715</td></tr><tr><td>1936</td><td>32,988,730,135</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-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>1,114,872,892</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><tr><td>April</td><td>46,673,368,395</td><td>1,181,178,483</td><td>2.531</td></tr><tr><td>May</td><td>47,160,164,076</td><td>1,195,018,863</td><td>2.534</td></tr></table>
Basis: Daily Treasury Statements.
1/ Treasury bills are included in interest-bearing debt figures at face amount, but for the purpose of calculating the computed annual interest charge and the computed rate of interest, the discount value is used.
Average Yields of Long-Term United States Partially Tax-Exempt Treasury Bonds and High-Grade Corporate Bonds
(Percent)
<table><tr><th></th><th>Partially tax-exempt Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th></th><th>Partially tax-exempt Treasury bonds 1/</th><th>Corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th></th><th>Partially tax-exempt 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-May....</td><td>2.38</td><td>2.87</td><td>.49</td><td>1941-Mar.</td><td>5</td><td>2.06</td><td>2.76</td><td>.70</td><td>1941-May</td><td>12</td><td>1.92</td><td>2.76</td><td>.84</td></tr><tr><td>June....</td><td>2.39</td><td>2.93</td><td>.54</td><td>12</td><td>2.03</td><td>2.72</td><td>.69</td><td>13</td><td>1.92</td><td>2.77</td><td>.85</td></tr><tr><td>July....</td><td>2.28</td><td>2.85</td><td>.57</td><td>19</td><td>1.98</td><td>2.72</td><td>.74</td><td>14</td><td>1.91</td><td>2.77</td><td>.86</td></tr><tr><td>Aug....</td><td>2.25</td><td>2.80</td><td>.55</td><td>26</td><td>1.99</td><td>2.74</td><td>.75</td><td>15</td><td>1.92</td><td>2.76</td><td>.84</td></tr><tr><td>Sept....</td><td>2.18</td><td>2.71</td><td>.53</td><td>Apr.</td><td>2</td><td>2.00</td><td>2.73</td><td>.73</td><td>16</td><td>1.94</td><td>2.75</td><td>.81</td></tr><tr><td>Oct....</td><td>2.10</td><td>2.70</td><td>.60</td><td>9</td><td>2.02</td><td>2.76</td><td>.74</td><td>17</td><td>1.94</td><td>2.76</td><td>.82</td></tr><tr><td>Nov....</td><td>1.97</td><td>2.65</td><td>.68</td><td>16</td><td>1.99</td><td>2.78</td><td>.79</td><td>19</td><td>1.95</td><td>2.76</td><td>.81</td></tr><tr><td>Dec....</td><td>1.89</td><td>2.59</td><td>.70</td><td>23</td><td>1.91</td><td>2.77</td><td>.86</td><td>20</td><td>1.95</td><td>2.75</td><td>.80</td></tr><tr><td>1941-Jan....</td><td>1.99</td><td>2.57</td><td>.58</td><td>30</td><td>1.90</td><td>2.75</td><td>.85</td><td>21</td><td>1.95</td><td>2.74</td><td>.79</td></tr><tr><td>Feb....</td><td>2.10</td><td>2.71</td><td>.61</td><td>May</td><td>7</td><td>1.94</td><td>2.76</td><td>.82</td><td>22</td><td>1.94</td><td>2.75</td><td>.81</td></tr><tr><td>Mar....</td><td>2.01</td><td>2.73</td><td>.72</td><td>14</td><td>1.91</td><td>2.77</td><td>.86</td><td>23</td><td>1.94</td><td>2.75</td><td>.81</td></tr><tr><td>Apr....</td><td>1.96</td><td>2.76</td><td>.80</td><td>21</td><td>1.95</td><td>2.74</td><td>.79</td><td>24</td><td>1.93</td><td>2.75</td><td>.82</td></tr><tr><td>May....</td><td>1.92</td><td>2.75</td><td>.83</td><td>28</td><td>1.89</td><td>2.75</td><td>.86</td><td>26</td><td>1.92</td><td>2.76</td><td>.84</td></tr><tr><td></td><td></td><td></td><td></td><td>June</td><td>4</td><td>1.90</td><td>2.75</td><td>.85</td><td>27</td><td>1.92</td><td>2.76</td><td>.84</td></tr><tr><td>Weekly 4/</td><td></td><td></td><td></td><td>11</td><td>1.89</td><td>2.72</td><td>.83</td><td>28</td><td>1.89</td><td>2.75</td><td>.86</td></tr><tr><td>1940-Dec.</td><td>4</td><td>1.92</td><td>2.61</td><td>.69</td><td></td><td></td><td></td><td>29</td><td>1.89</td><td>2.75</td><td>.86</td></tr><tr><td>11</td><td>1.87</td><td>2.59</td><td>.72</td><td></td><td></td><td></td><td></td><td>30</td><td>8</td><td>8</td><td>8</td></tr><tr><td>18</td><td>1.89</td><td>2.57</td><td>.68</td><td>Daily</td><td></td><td></td><td></td><td>31</td><td>1.89</td><td>2.75</td><td>.86</td></tr><tr><td>24</td><td>1.89</td><td>2.59</td><td>.70</td><td>1941-May</td><td>1</td><td>1.91</td><td>2.75</td><td>.84</td><td>June</td><td>2</td><td>1.88</td><td>2.74</td><td>.86</td></tr><tr><td>31</td><td>1.88</td><td>2.57</td><td>.69</td><td>2</td><td>1.91</td><td>2.75</td><td>.84</td><td>3</td><td>1.90</td><td>2.75</td><td>.85</td></tr><tr><td>1941-Jan.</td><td>8</td><td>2.00</td><td>2.58</td><td>.58</td><td>3</td><td>1.91</td><td>2.75</td><td>.84</td><td>4</td><td>1.90</td><td>2.75</td><td>.85</td></tr><tr><td>15</td><td>1.98</td><td>2.56</td><td>.58</td><td>5</td><td>1.90</td><td>2.76</td><td>.86</td><td>5</td><td>1.89</td><td>2.74</td><td>.85</td></tr><tr><td>22</td><td>2.02</td><td>2.57</td><td>.55</td><td>6</td><td>1.91</td><td>2.75</td><td>.84</td><td>6</td><td>1.89</td><td>2.73</td><td>.84</td></tr><tr><td>29</td><td>2.02</td><td>2.58</td><td>.56</td><td>7</td><td>1.94</td><td>2.76</td><td>.82</td><td>7</td><td>1.89</td><td>2.73</td><td>.84</td></tr><tr><td>Feb.</td><td>5</td><td>2.09</td><td>2.67</td><td>.58</td><td>8</td><td>1.93</td><td>2.75</td><td>.82</td><td>9</td><td>1.90</td><td>2.73</td><td>.83</td></tr><tr><td>11</td><td>2.10</td><td>2.70</td><td>.60</td><td>9</td><td>1.93</td><td>2.75</td><td>.82</td><td>10</td><td>1.89</td><td>2.72</td><td>.83</td></tr><tr><td>19</td><td>2.12</td><td>2.76</td><td>.64</td><td>10</td><td>1.91</td><td>2.76</td><td>.85</td><td>11</td><td>1.88</td><td>2.72</td><td>.84</td></tr><tr><td>26</td><td>2.05</td><td>2.76</td><td>.71</td><td></td><td></td><td></td><td></td><td>12</td><td>1.88</td><td>2.71</td><td>.83</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>13</td><td>1.88</td><td>2.71</td><td>.83</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>14</td><td>1.88</td><td>2.71</td><td>.83</td></tr></table>
Base 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 partially tax-exempt Treasury bonds not due or callable for twelve years.
2 Average of five bonds.
3 Average of daily figures.
4 Wednesday figures.
5 Holiday
28
Average Yields of Long-Term U.S. Partially Tax-Exempt Treasury Bonds and High-Grade Corporate Bonds
Yields Based on Wednesday Quotations
YIELDS OF TREASURY BONDS AND NOTES JUNE 16, 1941
29
Based on Closing Prices
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
-30-
31
Assets and Liabilities of Government Corporations and Credit Agencies April 30, 1941
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="9">Assets</th></tr><tr><th>Total</th><th>Loans</th><th>Preferred capital stock, etc.</th><th>Cash 1/</th><th>U.S. Government securities</th><th>Securities guaranteed by United States</th><th>Other</th><th>Accounts and other receivables 2/</th><th>Real estate and other business property</th><th>Due from Government corporations and agencies 3/</th><th>Other</th></tr><tr><td>Banks for cooperatives</td><td>145.2</td><td>68.1</td><td>-</td><td>25.3</td><td>22.2</td><td>9.7</td><td>18.3</td><td>1.3</td><td>.1</td><td>*</td><td>.3</td></tr><tr><td>Commodity Credit Corporation</td><td>1,056.5</td><td>353.2</td><td>-</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>65.0</td><td>6.6</td><td>-</td><td>630.6</td></tr><tr><td>Disaster Loan Corporation</td><td>22.6</td><td>19.1</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>3.3</td><td>*</td><td>-</td><td>.2</td></tr><tr><td>Electric Home and Farm Authority</td><td>15.3</td><td>15.0</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>*</td><td>*</td><td>*</td><td>*</td></tr><tr><td>Export-Import Bank of Washington</td><td>183.7</td><td>113.5</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>69.6</td><td>*</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration</td><td>289.9</td><td>262.1</td><td>-</td><td>23.3</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>4.3</td></tr><tr><td>Farm Security Administration</td><td>492.9</td><td>434.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29.6</td><td>-</td><td>28.6</td><td>.7</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>18.9</td><td>-</td><td>-</td><td>7.9</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>*</td><td>10.9</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>554.7</td><td>55.3</td><td>-</td><td>11.8</td><td>418.6</td><td>-</td><td>-</td><td>39.3</td><td>*</td><td>-</td><td>29.7</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,533.4</td><td>636.8</td><td>-</td><td>70.0</td><td>-</td><td>-</td><td>761.1</td><td>50.3</td><td>-</td><td>3.8</td><td>11.4</td></tr><tr><td>Federal home loan banks</td><td>289.3</td><td>141.8</td><td>-</td><td>92.8</td><td>41.5</td><td>12.4</td><td>-</td><td>.7</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration</td><td>83.7</td><td>-</td><td>-</td><td>13.5</td><td>32.3</td><td>-</td><td>-</td><td>26.0</td><td>1.2</td><td>-</td><td>10.7</td></tr><tr><td>Federal intermediate credit banks</td><td>310.9</td><td>241.9</td><td>-</td><td>21.0</td><td>36.0</td><td>-</td><td>-</td><td>2.0</td><td>-</td><td>9.9</td><td>.1</td></tr><tr><td>Federal land banks 4/</td><td>2,243.6</td><td>1,830.0</td><td>-</td><td>50.7</td><td>95.8</td><td>.6</td><td>3.1</td><td>167.2</td><td>5.7</td><td>10.6</td><td>80.4</td></tr><tr><td>Federal National Mortgage Association</td><td>196.5</td><td>190.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.1</td><td>*</td><td>-</td><td>1.3</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>10.1</td><td>-</td><td>-</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>1.0</td><td>4.1</td><td>-</td><td>1.2</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>130.1</td><td>-</td><td>-</td><td>.4</td><td>23.5</td><td>103.0</td><td>-</td><td>3.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,790.6</td><td>1,899.9</td><td>182.6</td><td>266.1</td><td>-</td><td>-</td><td>-</td><td>6.1</td><td>2.8</td><td>100.0</td><td>333.1</td></tr><tr><td>Inland Waterways Corporation 5/</td><td>24.9</td><td>.4</td><td>-</td><td>.7</td><td>4.1</td><td>-</td><td>-</td><td>.4</td><td>19.2</td><td>-</td><td>.1</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.7</td><td>2.7</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td></tr><tr><td>National defense corporations 6/</td><td>178.3</td><td>*</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>15.3</td><td>*</td><td>-</td><td>162.9</td></tr><tr><td>Panama Railroad Company 5/</td><td>53.7</td><td>-</td><td>-</td><td>10.9</td><td>-</td><td>-</td><td>.3</td><td>.5</td><td>39.7</td><td>2.1</td><td>.2</td></tr><tr><td>Production credit corporations</td><td>109.7</td><td>-</td><td>-</td><td>.4</td><td>40.2</td><td>-</td><td>68.7</td><td>.3</td><td>*</td><td>-</td><td>*</td></tr><tr><td>Public Works Administration</td><td>93.8</td><td>93.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Puerto Rican Reconstruction Administration</td><td>7.3</td><td>4.0</td><td>1.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>2,656.8</td><td>1,054.5</td><td>433.8</td><td>142.67</td><td>50.3</td><td>-</td><td>8.3</td><td>25.2 7/</td><td>.4</td><td>894.5</td><td>46.8</td></tr><tr><td>Regional agricultural credit corporations</td><td>22.3</td><td>6.0</td><td>-</td><td>15.8</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td><td>*</td></tr><tr><td>RFC Mortgage Company</td><td>73.1</td><td>69.8</td><td>-</td><td>*</td><td>-</td><td>.4</td><td>-</td><td>2.4</td><td>-</td><td>-</td><td>.4</td></tr><tr><td>Rural Electrification Administration</td><td>290.1</td><td>273.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.8</td><td>-</td><td>11.6</td><td>-</td></tr><tr><td>Tennessee Valley Authority</td><td>386.0</td><td>-</td><td>-</td><td>6.7</td><td>-</td><td>-</td><td>-</td><td>6.4</td><td>371.5</td><td>1.3</td><td>*</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>.3</td><td>.3</td><td>*</td><td>*</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>406.8</td><td>266.4</td><td>-</td><td>4.6</td><td>6.2</td><td>-</td><td>*</td><td>2.2</td><td>127.4</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>357.4</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>45.8</td><td>19.6</td><td>29.0</td><td>10.1</td><td>219.9</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Navy Department (sale of surplus war supplies)</td><td>4.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.5</td><td>-</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>-</td><td>-</td><td>*</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Corporation</td><td>1.8</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>.1</td><td>-</td><td>*</td></tr><tr><td>United States Spruce Production Corporation</td><td>.7</td><td>-</td><td>-</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>.4</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Other Government agencies 8/</td><td>313.4</td><td>27.3</td><td>23.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>234.8</td><td>27.6</td></tr><tr><td>Gross total</td><td>15,351.0</td><td>8,093.1</td><td>641.4</td><td>770.9</td><td>770.8</td><td>126.1</td><td>905.6</td><td>554.7</td><td>608.1</td><td>1,307.5</td><td>1,573.0</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>1,307.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,307.5</td><td>-</td></tr><tr><td>Net total</td><td>14,043.6</td><td>8,093.1</td><td>641.4</td><td>770.9</td><td>770.8</td><td>126.1</td><td>905.6</td><td>554.7</td><td>608.1</td><td>0</td><td>1,573.0</td></tr></table>
(Continued on next page)
32
Assets and Liabilities of Government Corporations and Credit Agencies April 30, 1941 (Continued)
(In millions of dollars)
<table><tr><th></th><th colspan="4">Liabilities and reserves</th><th rowspan="2">Excess of assets (Total proprietary interest)</th><th colspan="4">Proprietary interest</th></tr><tr><th></th><th>Total</th><th>Guaranteed by United States g/</th><th>Not guaranteed by United States</th><th>Due to Government operations and agencies</th><th>Previously owned</th><th>Total</th><th>Owned by United States Capital stock</th><th>Surplus</th><th>Non-stock</th></tr><tr><td>Banks for cooperatives</td><td>12.6</td><td>-</td><td>.2</td><td>9.9</td><td>2.4</td><td>132.6</td><td>4.2</td><td>128.4</td><td>109.0</td><td>19.4</td></tr><tr><td>Commodity Credit Corporation</td><td>956.4</td><td>697.5</td><td>11.3</td><td>140.0</td><td>107.6</td><td>100.1</td><td>-</td><td>100.1</td><td>100.0</td><td>.1</td></tr><tr><td>Disaster Loan Corporation</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>22.5</td><td>-</td><td>22.5</td><td>24.0</td><td>-1.5</td></tr><tr><td>Electric Home and Farm Authority</td><td>14.1</td><td>-</td><td>13.8</td><td>-</td><td>.3</td><td>1.2</td><td>-</td><td>1.2</td><td>.8</td><td>.3</td></tr><tr><td>Export-Import Bank of Washington</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>183.5</td><td>-</td><td>183.5</td><td>175.0</td><td>8.5</td></tr><tr><td>Farm Credit Administration</td><td>193.1</td><td>-</td><td>.4</td><td>-</td><td>192.7</td><td>96.8</td><td>-</td><td>96.8</td><td>-</td><td>96.8</td></tr><tr><td>Farm Security Administration</td><td>109.7</td><td>-</td><td>28.1</td><td>81.5</td><td>-</td><td>383.2</td><td>-</td><td>383.2</td><td>-</td><td>383.2</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>4.9</td><td>-</td><td>.5</td><td>-</td><td>4.4</td><td>14.0</td><td>-</td><td>14.0</td><td>14.0</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>265.4</td><td>-</td><td>10.0</td><td>-</td><td>255.5</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,333.4</td><td>1,285.0</td><td>4.0</td><td>1.9</td><td>42.4</td><td>200.0</td><td>-</td><td>200.0</td><td>200.0</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>106.4</td><td>-</td><td>106.4</td><td>-</td><td>-</td><td>182.9</td><td>58.2</td><td>124.7</td><td>124.7</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>20.7</td><td>16.8</td><td>3.8</td><td>-</td><td>.1</td><td>63.0</td><td>-</td><td>63.0</td><td>-</td><td>63.0</td></tr><tr><td>Federal intermediate credit banks</td><td>226.7</td><td>-</td><td>226.0</td><td>-</td><td>.8</td><td>84.2</td><td>-</td><td>84.2</td><td>60.0</td><td>24.2</td></tr><tr><td>Federal land banks</td><td>1,610.1</td><td>-</td><td>1,776.7</td><td>.7</td><td>32.7</td><td>433.5</td><td>220.2</td><td>213.3</td><td>67.5</td><td>145.8</td></tr><tr><td>Federal National Mortgage Association</td><td>178.1</td><td>-</td><td>89.6</td><td>88.5</td><td>-</td><td>18.3</td><td>-</td><td>18.3</td><td>10.0</td><td>8.3</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>.6</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>9.5</td><td>-</td><td>9.5</td><td>-</td><td>5.4</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1.6</td><td>-</td><td>1.6</td><td>-</td><td>-</td><td>128.5</td><td>-</td><td>128.5</td><td>100.0</td><td>28.5</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,681.1</td><td>2,632.3</td><td>20.9</td><td>-</td><td>27.9</td><td>109.6</td><td>-</td><td>109.6</td><td>200.0</td><td>-90.4</td></tr><tr><td>Inland Waterways Corporation 5/</td><td>1.0</td><td>-</td><td>.7</td><td>-</td><td>.3</td><td>24.0</td><td>-</td><td>24.0</td><td>12.0</td><td>12.0</td></tr><tr><td>Interior Department (Indian loans)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.7</td><td>-</td><td>2.7</td><td>-</td><td>2.7</td></tr><tr><td>National defense corporations 6/</td><td>153.1</td><td>-</td><td>1.2</td><td>151.8</td><td>-</td><td>25.2</td><td>-</td><td>25.2</td><td>27.0</td><td>-1.8</td></tr><tr><td>Panama Railroad Company 5/</td><td>2.1</td><td>-</td><td>1.8</td><td>.3</td><td>-</td><td>51.6</td><td>-</td><td>51.6</td><td>7.0</td><td>44.6</td></tr><tr><td>Production credit corporations</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>109.3</td><td>-</td><td>109.3</td><td>105.0</td><td>4.3</td></tr><tr><td>Public Works Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>93.8</td><td>-</td><td>93.8</td><td>-</td><td>93.8</td></tr><tr><td>Puerto Rican Reconstruction Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7.3</td><td>-</td><td>7.3</td><td>-</td><td>7.3</td></tr><tr><td>Reconstruction Finance Corporation</td><td>2,127.9</td><td>1,745.1</td><td>217.51</td><td>40.2</td><td>125.0</td><td>528.7</td><td>-</td><td>528.7</td><td>325.0</td><td>203.71/</td></tr><tr><td>Regional agricultural credit corporations</td><td>1.5</td><td>-</td><td>-</td><td>-</td><td>1.4</td><td>20.8</td><td>-</td><td>20.8</td><td>5.0</td><td>15.8</td></tr><tr><td>RFC Mortgage Company</td><td>47.9</td><td>-</td><td>1.7</td><td>46.2</td><td>-</td><td>25.2</td><td>-</td><td>25.2</td><td>25.0</td><td>.2</td></tr><tr><td>Rural Electrification Administration</td><td>174.7</td><td>-</td><td>-</td><td>174.7</td><td>-</td><td>115.4</td><td>-</td><td>115.4</td><td>-</td><td>115.4</td></tr><tr><td>Tennessee Valley Authority</td><td>74.0</td><td>-</td><td>14.0</td><td>57.1</td><td>2.9</td><td>12.0</td><td>-</td><td>12.0</td><td>-</td><td>12.0</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>.3</td></tr><tr><td>United States Housing Authority</td><td>269.8</td><td>226.8</td><td>.7</td><td>37.0</td><td>5.3</td><td>137.1</td><td>-</td><td>137.1</td><td>1.0</td><td>136.1</td></tr><tr><td>United States Maritime Commission</td><td>200.6</td><td>-</td><td>171.3</td><td>-</td><td>29.4</td><td>156.8</td><td>-</td><td>156.8</td><td>-</td><td>156.8</td></tr><tr><td>War emergency corporations and agencies (in liquidation)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Naval Department (sale of surplus war supplies)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.5</td><td>-</td><td>4.5</td><td>-</td><td>4.5</td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>.1</td></tr><tr><td>United States Housing Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.8</td><td>-</td><td>1.8</td><td>34.1</td><td>-32.2</td></tr><tr><td>United States Spruce Production Corporation</td><td>.4</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>.3</td><td>-</td><td>.3</td><td>.1</td><td>.2</td></tr><tr><td>Other Government agencies 8/</td><td>25.4</td><td>-</td><td>-</td><td>25.4</td><td>-</td><td>288.0</td><td>-</td><td>288.0</td><td>23.7</td><td>264.3</td></tr><tr><td>Gross total</td><td>10,993.6</td><td>6,603.5</td><td>2,703.2</td><td>855.7</td><td>831.3</td><td>4,357.4</td><td>421.9</td><td>3,935.5</td><td>1,899.9</td><td>531.6</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>855.7</td><td>-</td><td>-</td><td>855.7</td><td>-</td><td>451.7</td><td>-</td><td>451.7</td><td>450.7</td><td>1.0</td></tr><tr><td>Net total</td><td>10,137.9</td><td>6,603.5</td><td>2,703.3</td><td>0</td><td>831.3</td><td>3,905.7</td><td>421.9</td><td>3,483.8</td><td>1,449.2</td><td>530.6</td></tr></table>
Source: Daily Treasury Statements.
Note: Beginning with this statement the total of assets and liabilities for each corporation and agency will include interagency items, i.e., the amounts due to and due from Government corporations and agencies.
* Less than $50,000.
1/ Excludes unexpended balances of appropriated funds.
2/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
3/ Includes capital stock and paid-in surplus of Government corporations and agencies.
4/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Houston which have retired stock and paid-in surplus previously held by the Federal Government.
5/ Figures reported are as of March 31, 1941; figures for April 30, 1941 are not available.
6/ Comprises (1) Defense Home Corporation, (2) Defense Plant Corporation, (3) Defense Supplies Corporation, (4) Metals Reserve Company, and (5) Rubber Reserve Company.
7/ Adjusted for interagency items in transit.
8/ Omittees Treasury Department and other Government agencies not included in this statement.
9/ Obligations held by the Secretary of the Treasury are classified under "Due to Government corporations and agencies".
33
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 10 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$-20,000,000 2/</td><td>$ 5,610,137</td><td>-</td><td>-</td><td>$ 149,400</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>$115,000,000</td><td>$ 289,458,000</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>735,215</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>30,285,925</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>24,907,575</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>-175,000,000 2/</td><td>-</td><td>-7,000,000</td><td>644,992,000</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>11,287,902</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>19,426,666</td><td>40,187,890</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>4,028,798</td><td>-</td><td>37,000,000</td><td>112,099,000</td><td>-</td></tr><tr><td>Other corporations 3/</td><td>-</td><td>151,038,066</td><td>-</td><td>-</td><td>27,000,000</td></tr><tr><td>Total</td><td>$-171,544,536</td><td>$233,031,570</td><td>$145,000,000</td><td>$1,077,590,140</td><td>$127,149,400</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 44,838,892</td><td>$ 771,417</td><td>$ 1,959,715</td><td>$ 33,329,561</td></tr><tr><td>Commodity Credit Corporation</td><td>$27,027,828</td><td>76,423,982</td><td>2,099,722</td><td>9,491,593</td><td>519,501,125</td></tr><tr><td>Disaster Loan Corporation</td><td>64,692</td><td>3,911,377</td><td>718,572</td><td>-</td><td>4,694,641</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>7,570,872</td><td>932,689</td><td>54,964</td><td>9,313,740</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>12,552,002</td><td>2,577,034</td><td>-</td><td>115,129,036</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>23,207,180</td><td>58,923,475</td><td>339,567</td><td>82,470,222</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>4,311,380</td><td>58,271,121</td><td>48,427,796</td><td>531,480</td><td>111,541,777</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>119,995,115</td><td>4,539,276</td><td>-</td><td>154,820,316</td></tr><tr><td>Federal National Mortgage Association</td><td>275,219</td><td>11,308,473</td><td>7,024,291</td><td>399,085</td><td>43,914,043</td></tr><tr><td>Federal Savings and Loan insurance Corporation</td><td>-</td><td>-</td><td>4,494,231</td><td>1,626</td><td>4,495,857</td></tr><tr><td>Home Owners' Loan Corporation</td><td>39,688,158</td><td>147,381,118</td><td>96,960,210</td><td>7,352,263</td><td>291,381,749</td></tr><tr><td>Reconstruction Finance Corporation</td><td>3,960,570</td><td>341,050,480</td><td>47,419,061</td><td>12,604,729</td><td>868,226,840</td></tr><tr><td>RFC Mortgage Company</td><td>160,491</td><td>12,712,329</td><td>2,379,858</td><td>518,743</td><td>27,059,323</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>4,535,363</td><td>2,822,194</td><td>5,828</td><td>66,977,941</td></tr><tr><td>United States Housing Authority</td><td>166,302</td><td>289,974,966</td><td>6,508,631</td><td>-</td><td>449,777,697</td></tr><tr><td>Other corporations 3/</td><td>12,803,634</td><td>-</td><td>28,733</td><td>5,978</td><td>190,876,411</td></tr><tr><td>Total</td><td>$88,458,274</td><td>153,733,270</td><td>$286,627,190</td><td>$33,465,571</td><td>$2,973,510,879</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Represents repayment of portion of amount invested in Capital Stock.
3/ Includes (1) Defense Homes Corporation, (2) Defense Plant Corporation, (3) Defense Supplies Corporation, (4) Metals Reserve Company, and (5) Rubber Reserve Company.
4/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
34
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 10 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 117,838</td><td>-</td><td>-</td><td>$ 45,942,824</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>2,573,891</td><td>-</td><td>$ 72,672,322</td><td>392,938,783</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>618,260</td><td>$ 40,738</td><td>-</td><td>1,542,572</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>406,274</td><td>258,574</td><td>-</td><td>8,644,730</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>82,528</td><td>5</td><td>-</td><td>74,255,419</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>3,074,893</td><td>-</td><td>-</td><td>14,113,995</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>7,282,725</td><td>1,002,658</td><td>2,658,888</td><td>31,451,150</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>968,818</td><td>-</td><td>-</td><td>104,426,273</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>868,658</td><td>988,060</td><td>-</td><td>39,703,681</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>205,824</td><td>6,912</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>16,842,260</td><td>22,821,759</td><td>10,351,824</td><td>16,801,411</td><td>$24,652,075</td></tr><tr><td>Reconstruction Finance Corporation</td><td>7,652,853</td><td>138,895</td><td>-</td><td>303,877,128</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>703,160</td><td>1,798,800</td><td>-</td><td>23,153,391</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,606,386</td><td>-</td><td>-</td><td>58,586,478</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>4,160,665</td><td>751,024</td><td>85,569</td><td>469,085,740</td><td>-</td></tr><tr><td>Other corporations 2/</td><td>42,930</td><td>1,756,108</td><td>175,834,177</td><td>30,000</td><td>-</td></tr><tr><td>Total</td><td>$48,207,583</td><td>$29,563,533</td><td>$261,602,780</td><td>$1,587,563,575</td><td>$24,652,075</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>$-20,147,906</td><td>-</td><td>$ 47,782</td><td>$ 1,357</td><td>$ 28,961,495</td></tr><tr><td>Commodity Credit Corporation.</td><td>-</td><td>$ 45,404,983</td><td>3,049,672</td><td>1,380,230</td><td>519,619,881</td></tr><tr><td>Disaster Loan Corporation.</td><td>-</td><td>2,480,843</td><td>-</td><td>12,208</td><td>4,594,941</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>-</td><td>159,691</td><td>7,046</td><td>9,476,315</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>41,000,000</td><td>100,000</td><td>50,000</td><td>115,487,952</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>71,615,961</td><td>-</td><td>-</td><td>135,739</td><td>88,941,588</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>-795,000</td><td>-</td><td>25,553,178</td><td>2,766,063</td><td>69,939,662</td></tr><tr><td>Federal home loan banks.</td><td>-1,009,227</td><td>-</td><td>2,676,380</td><td>2,440,130</td><td>109,502,374</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>-</td><td>2,291,398</td><td>62,046</td><td>43,914,643</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>3,819,047</td><td>-</td><td>-</td><td>714,798 3/4</td><td>4,746,581</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>-23,993,925</td><td>-</td><td>40,282,329</td><td>-</td><td>107,757,733</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>241,741,000</td><td>169,373,651</td><td>10,043,329</td><td>841,502</td><td>733,668,358</td></tr><tr><td>RFC Mortgage Company.</td><td>-</td><td>-</td><td>1,404,271</td><td>-</td><td>27,099,622</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>-</td><td>698,890</td><td>7,573</td><td>61,899,327</td></tr><tr><td>United States Housing Authority.</td><td>2,270,000</td><td>-</td><td>1,767,274</td><td>3,936,091</td><td>482,056,353</td></tr><tr><td>Other corporations 2/.</td><td>-</td><td>13,056,197</td><td>-</td><td>156,999</td><td>190,876,411</td></tr><tr><td>Total.</td><td>$273,499,950</td><td>$272,315,674</td><td>$88,684,194</td><td>$12,513,582</td><td>$2,598,602,946</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Includes (1) Defense Homes Corporation, (2) Defense Plant Corporation, (3) Defense Supplies Corporation, (4) Metals Reserve Company, and (5) Rubber Reserve Company.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
35
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through April 30, 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 30,000,000</td><td>$ 7,005,958</td><td>-</td><td>-</td><td>$ 668,700</td></tr><tr><td>Commodity Credit Corporation</td><td>270,128,592 2/</td><td>-</td><td>$140,000,000</td><td>$ 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>11,913,750</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>75,500,000</td><td>124,741,000 4/</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>84,895,307</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>325,000,000</td><td>-</td><td>-</td><td>1,741,349,000</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>44,272,132</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration</td><td>127,930,727</td><td>168,149,375</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>36,697,367</td><td>-</td><td>37,000,000</td><td>226,256,000</td><td>-</td></tr><tr><td>Other corporations 6/</td><td>-</td><td>151,038,066</td><td>-</td><td>-</td><td>27,000,000</td></tr><tr><td>Total</td><td>$1,365,756,686</td><td>$455,660,838</td><td>$177,000,000</td><td>$7,220,352,200</td><td>$601,709,257</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 235,224,768</td><td>$ 10,483,899</td><td>$ 4,301,021</td><td>$ 287,684,346</td></tr><tr><td>Commodity Credit Corporation</td><td>$ 57,127,773</td><td>741,424,723</td><td>17,484,930</td><td>11,498,041</td><td>1,933,916,059</td></tr><tr><td>Disaster Loan Corporation</td><td>104,172</td><td>8,198,634</td><td>1,304,995</td><td>54,164</td><td>33,662,265</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>22,615,879</td><td>3,516,377</td><td>295,866</td><td>39,341,872</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>48,410,434</td><td>8,907,405</td><td>707,119</td><td>233,024,958</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>69,203,737</td><td>298,714,437</td><td>4,286,021</td><td>661,503,752</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>13,478,204</td><td>304,655,785</td><td>418,246,139</td><td>9,709,810</td><td>2,215,477,838</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>593,631,360</td><td>39,541,865</td><td>78,463,890 5/</td><td>911,878,115</td></tr><tr><td>Federal National Mortgage Association</td><td>286,908</td><td>26,523,180</td><td>17,770,723</td><td>3,607,355</td><td>229,323,473</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>33,655,352</td><td>121,975</td><td>133,777,327</td></tr><tr><td>Home Owners' Loan Corporation</td><td>127,206,809</td><td>924,179,065</td><td>860,493,937</td><td>21,089,626</td><td>5,247,422,987</td></tr><tr><td>Reconstruction Finance Corporation</td><td>22,587,922</td><td>5,326,455,097</td><td>601,056,108</td><td>80,947,032</td><td>8,097,395,159</td></tr><tr><td>RFC Mortgage Company</td><td>552,012</td><td>110,222,595</td><td>11,896,231</td><td>3,300,401</td><td>195,243,371</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>6,183,639</td><td>8,855,681</td><td>6,355</td><td>311,425,717</td></tr><tr><td>United States Housing Authority</td><td>951,401</td><td>468,145,027</td><td>18,870,330</td><td>177,523</td><td>788,097,648</td></tr><tr><td>Other corporations 6/</td><td>12,803,634</td><td>-</td><td>28,733</td><td>5,978</td><td>190,876,411</td></tr><tr><td>Total</td><td>$235,098,835</td><td>$8,885,073,923</td><td>$2,350,827,142</td><td>$218,572,477</td><td>$21,510,051,358</td></tr></table>
Sources: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes $3,000,000 B.I.R.A.; $97,000,000 E.I.C. included in notes canceled by the Treasury (see footnote 3); and $170,128,591.77 restoration of Capital impairment, which is net of a repayment to the Treasury of $47,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
3/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 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 these obligations shown as "Retirement of obligations issued in exchange for mortgages" in the statement of uses of funds. Includes (1) Defense Homes Corporation, (2) Defense Plant Corporations, (3) Defense Supplies Corporation, (4) Metals Reserve Company, and (5) Rubber Reserve Company.
6/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired". Includes $45,918,400 paid-in capital stock held by member institutions.
36
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through April 30, 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 851,297</td><td>-</td><td>-</td><td>$ 253,274,251</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>7,115,908</td><td>-</td><td>$123,121,167</td><td>1,703,042,684</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,829,020</td><td>$ 134,441</td><td>-</td><td>27,565,781</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,848,795</td><td>831,513</td><td>-</td><td>35,903,515</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>457,143</td><td>2,844</td><td>-</td><td>161,935,921</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>23,031,417</td><td>-</td><td>-</td><td>167,642,172</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>69,671,413</td><td>4,424,064</td><td>12,842,698</td><td>1,024,544,481</td><td>-</td></tr><tr><td>Federal Home Loan Banks</td><td>9,401,352</td><td>-</td><td>-</td><td>735,459,565</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>2,411,129</td><td>2,378,096</td><td>-</td><td>218,955,723</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,229,124</td><td>24,630</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>214,673,037</td><td>116,104,551</td><td>134,719,755</td><td>3,260,073,857</td><td>$504,296,725</td></tr><tr><td>Reconstruction Finance Corporation</td><td>81,734,960</td><td>6,651,282</td><td>-</td><td>6,904,070,145</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>4,266,277</td><td>4,999,729</td><td>-</td><td>180,828,190</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>10,884,067</td><td>-</td><td>-</td><td>279,873,765</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>14,322,596</td><td>5,026,383</td><td>26,208,833</td><td>724,425,004</td><td>-</td></tr><tr><td>Other Corporations 2/</td><td>42,930</td><td>1,756,108</td><td>175,834,177</td><td>30,000</td><td>-</td></tr><tr><td>Total</td><td>$144,770,465</td><td>$142,333,641</td><td>$472,726,630</td><td>$15,677,625,054</td><td>$504,296,725</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 3/</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives......</td><td>$ 18,705,555</td><td>-</td><td>$ 520,601</td><td>$ 3,177,752</td><td>$ 276,529,456</td></tr><tr><td>Commodity Credit Corporation......</td><td>-</td><td>$ 57,230,468</td><td>22,981,230</td><td>19,290,810</td><td>1,932,782,267</td></tr><tr><td>Disaster Loan Corporation.........</td><td>-</td><td>3,130,298</td><td>-</td><td>1,725</td><td>33,661,265</td></tr><tr><td>Electric Home and Farm Authority...</td><td>-</td><td>-</td><td>365,195</td><td>193,865</td><td>39,142,883</td></tr><tr><td>Export-Import Bank of Washington...</td><td>-</td><td>67,150,000</td><td>2,362,329</td><td>593,801</td><td>232,502,038</td></tr><tr><td>Federal Deposit Insurance Corporation...</td><td>420,153,797</td><td>-</td><td>-</td><td>39,017,872</td><td>649,845,258</td></tr><tr><td>Federal Farm Mortgage Corporation...</td><td>761,129,840</td><td>-</td><td>256,378,410</td><td>16,882,851</td><td>2,145,873,757</td></tr><tr><td>Federal Home Loan Banks.........</td><td>53,846,877</td><td>-</td><td>20,518,687</td><td>224,105</td><td>819,450,586</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>5,444,266</td><td>134,259</td><td>229,323,473</td></tr><tr><td>Federal Savings and Loan Insurance Corporation...</td><td>126,688,158</td><td>-</td><td>3,035,326</td><td>2,436,452</td><td>133,413,690</td></tr><tr><td>Home Owners' Loan Corporation....</td><td>282,630,360</td><td>-</td><td>462,185,161</td><td>6,606,899</td><td>4,981,290,345</td></tr><tr><td>Reconstruction Finance Corporation...</td><td>351,741,000</td><td>356,638,545</td><td>242,377,963</td><td>15,286,942</td><td>7,958,500,837</td></tr><tr><td>RFC Mortgage Company............</td><td>-</td><td>-</td><td>5,139,578</td><td>8,745</td><td>195,242,519</td></tr><tr><td>Rural Electrification Administration...</td><td>-</td><td>-</td><td>2,462,563</td><td>371,526</td><td>293,591,921</td></tr><tr><td>United States Housing Authority...</td><td>6,070,000</td><td>-</td><td>3,490,182</td><td>3,996,949</td><td>783,539,947</td></tr><tr><td>Other Corporations 2/............</td><td>-</td><td>13,056,197</td><td>-</td><td>156,999</td><td>190,876,411</td></tr><tr><td>Total.........................</td><td>$2,020,965,587</td><td>$497,205,508</td><td>$1,027,261,491</td><td>$108,381,552</td><td>$20,895,566,653</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 (1) Defense Homes Corporation, (2) Defense Plant Corporation, (3) Defense Supplies Corporation, (4) Metals Reserve Company, and (5) Rubber Reserve Company.
3/ Includes U. S. Government bonds in the amount of $366,781,037 as follows: Federal Deposit Insurance Corporation, $312,663,656; Federal Savings and Loan Insurance Corporation, $15,154,500; U. S. Housing Authority, $6,070,000; Federal Home Loan Banks, $32,882,851.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
37
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total unmatured obligations outstanding</th><th>Commodity Credit Corporation notes</th><th>Federal Farm Mortgage Corporation bonds</th><th>Federal Housing Administration debentures</th><th>Home Owners' Loan Corporation bonds</th><th>Reconstruction Finance Corporation notes</th><th>United States Housing Authority notes</th></tr><tr><td>1934</td><td>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.5</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>319.7</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-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><tr><td>April</td><td>6,549.6</td><td>696.2</td><td>1,269.4</td><td>16.6</td><td>2,599.8</td><td>1,741.3</td><td>226.3</td></tr><tr><td>May</td><td>6,359.2</td><td>696.2</td><td>1,269.4</td><td>17.1</td><td>2,408.9</td><td>1,741.3</td><td>226.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th colspan="6">New securities allotted in exchange for</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">Amount of exchanges</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Call or maturity date</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></th><th></th></tr><tr><td>Commodity Credit Corporation</td><td>May 2, 1938</td><td>3/4</td><td>1 yr., 6 mos.</td><td>Nov. 2, 1939</td><td>-</td><td>206</td><td>1,839</td><td>148</td><td>-</td><td>58</td><td>Aug. 2, 1937</td><td>1</td><td>May 2, 1938</td></tr><tr><td></td><td>Aug. 1, 1939</td><td>5/8</td><td>2 yrs.</td><td>Aug. 1, 1941</td><td>-</td><td>203</td><td>2,853</td><td>203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 2, 1939</td><td>1</td><td>2 yrs., 13 days</td><td>Nov. 15, 1941</td><td>-</td><td>204</td><td>-</td><td>-</td><td>-</td><td>204</td><td>May 2, 1938</td><td>3/4</td><td>Nov. 2, 1939</td></tr><tr><td></td><td>Aug. 1, 1940</td><td>3/4</td><td>2 yrs., 9 mos.</td><td>May 1, 1943</td><td>-</td><td>289</td><td>3,185</td><td>289</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>July 25, 1934 1/2 (Add. 5/15/34) 2/3</td><td>3</td><td>10-15 yrs.</td><td>May 15, 1944 May 15, 1949</td><td>100</td><td>-</td><td>195</td><td>100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Sept. 3, 1935 1/2</td><td>1-1/2</td><td>4 yrs.</td><td>Sept. 1, 1939</td><td>85</td><td>-</td><td>86</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>Aug. 15, 1934 1/2</td><td>1-1/2</td><td>2 yrs.</td><td>Aug. 15, 1936</td><td>50</td><td>-</td><td>124</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/2</td><td>1-3/4</td><td>3 yrs.</td><td>Aug. 15, 1937</td><td>50</td><td>-</td><td>48</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/2</td><td>2</td><td>4 yrs.</td><td>Aug. 15, 1938</td><td>50</td><td>-</td><td>60</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>June 1, 1935</td><td>1-1/2</td><td>4 yrs.</td><td>June 1, 1939</td><td>325 3/4</td><td>-</td><td>-</td><td>80</td><td>245</td><td>-</td><td>July 1, 1933</td><td>4</td><td>July 1, 1935</td></tr><tr><td></td><td>May 15, 1939</td><td>3/8</td><td>1 yr.</td><td>May 15, 1940</td><td>128</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>May 15, 1939</td><td>5/8</td><td>2 yrs.</td><td>May 15, 1941</td><td>192</td><td>-</td><td>-</td><td>-</td><td>192</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>June 1, 1939</td><td>1-1/2</td><td>6-8 yrs.</td><td>June 1, 1945 June 1, 1947</td><td>764 1/4</td><td>-</td><td>-</td><td>77</td><td>687</td><td>-</td><td>Aug. 1, 1934</td><td>2-3/4</td><td>Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.</td><td>July 20, 1938</td><td>7/8</td><td>3 yrs.</td><td>July 20, 1941</td><td>-</td><td>211</td><td>2,627</td><td>211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1938</td><td>7/8</td><td>3 yrs.</td><td>Nov. 1, 1941</td><td>-</td><td>297</td><td>-</td><td>-</td><td>-</td><td>297 5/8</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td></td><td>Feb. 15, 1939</td><td>7/8</td><td>2 yrs., 11 mos.</td><td>Jan. 15, 1942</td><td>-</td><td>310</td><td>2,567</td><td>310</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 10, 1939</td><td>1</td><td>2 yrs., 7 mos.</td><td>July 1, 1942</td><td>-</td><td>276</td><td>3,619</td><td>276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>7/8</td><td>18 mos.</td><td>Oct. 15, 1942</td><td>-</td><td>320</td><td>2,047</td><td>320</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>1-1/8</td><td>2 yrs., 3 mos.</td><td>July 15, 1943</td><td>-</td><td>324</td><td>3,561</td><td>324</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>U. S. Housing Authority</td><td>Feb. 1, 1939</td><td>1-3/8</td><td>5 yrs.</td><td>Feb. 1, 1944</td><td>-</td><td>114</td><td>2,774</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1940</td><td>1/4</td><td>1 yr.</td><td>Nov. 1, 1941</td><td>-</td><td>112</td><td>1,860</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1/ Sold on a bid basis.
2/ Original issue sold by agency.
3/ Original issue of $245,254,750 increased by sales on the market of $50,000,000, proceeds of which were used to retire the called bonds.
4/ Original issue of $687,266,800 increased by sales on the market of $76,350,000, proceeds of which were used to retire the called bonds.
5/ In view of the fact that the new 7/8% notes offered for sale were limited to the amount of 1-1/2% notes maturing December 15, 1938, tendered for purchase, this transaction was in effect an exchange offering and is so shown in this statement.
38
Maturity Schedule of Securities Guaranteed by the United States As of May 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 4/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security 4/</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>7/8% RFC Notes M - 7/20/41......</td><td>211</td><td></td><td></td><td>7/8% RFC Notes M - 7/20/41......</td><td>211</td><td></td><td></td></tr><tr><td>5/8% CCC Notes D - 8/1/41......</td><td>203</td><td></td><td></td><td>5/8% CCC Notes D - 8/1/41......</td><td>203</td><td></td><td></td></tr><tr><td>7/8% EFC Notes P - 11/1/41......</td><td>300</td><td></td><td></td><td>7/8% EFC Notes P - 11/1/41......</td><td>300</td><td></td><td></td></tr><tr><td>1/4% USHA Notes E - 11/1/41......</td><td>112</td><td></td><td></td><td>1/4% USHA Notes E - 11/1/41......</td><td>112</td><td></td><td></td></tr><tr><td>1% CCC Notes M - 11/15/41......</td><td>204</td><td></td><td></td><td>1% CCC Notes M - 11/15/41......</td><td>204</td><td></td><td></td></tr><tr><td>Total....................</td><td>1,030</td><td>-</td><td>1,030</td><td>Total....................</td><td>1,030</td><td>-</td><td>1,030</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>7/8% EFC Notes M - 1/15/42......</td><td>310</td><td>236</td><td></td><td>7/8% EFC Notes M - 1/15/42......</td><td>310</td><td></td><td></td></tr><tr><td>3% FFMC Bonds - 1/15/42-47....</td><td></td><td>103</td><td></td><td>1% EFC Notes S - 7/1/42......</td><td>276</td><td></td><td></td></tr><tr><td>2-3/4% FFMC Bonds - 3/1/42-47....</td><td>276</td><td></td><td></td><td>7/8% EFC Notes U - 10/15/42......</td><td>320</td><td></td><td></td></tr><tr><td>2-1/4% HOLC Bonds Q - 7/1/42-44....</td><td></td><td>875</td><td></td><td>Total....................</td><td>906</td><td>-</td><td>1,936</td></tr><tr><td>7/8% RFC Notes U - 10/15/42......</td><td>320</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total....................</td><td>906</td><td>1,214</td><td>3,150</td><td></td><td></td><td></td><td></td></tr><tr><td>1943</td><td></td><td></td><td></td><td>1943</td><td></td><td></td><td></td></tr><tr><td>3/4% CCC Notes Y - 5/1/43......</td><td>289</td><td></td><td></td><td>3/4% CCC Notes Y - 5/1/43......</td><td>289</td><td></td><td></td></tr><tr><td>1-1/8% RFC Notes V - 7/15/43......</td><td>324</td><td></td><td></td><td>1-1/8% RFC Notes V - 7/15/43......</td><td>324</td><td></td><td></td></tr><tr><td>Total....................</td><td>613</td><td>-</td><td>3,763</td><td>Total....................</td><td>613</td><td>-</td><td>2,549</td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1-3/8% USHA Notes B - 2/1/44......</td><td>114</td><td></td><td></td><td>1-3/8% USHA Notes B - 2/1/44......</td><td>114</td><td></td><td></td></tr><tr><td>3-1/4% FFMC Bonds - 3/15/44-47....</td><td></td><td>95</td><td></td><td>2-1/4% HOLC Bonds O - 7/1/42-44....</td><td></td><td>875</td><td></td></tr><tr><td>3% HOLC Bonds A - 5/1/44-52....</td><td></td><td>779</td><td></td><td>Total....................</td><td>114</td><td>875</td><td>3,538</td></tr><tr><td>3% FFMC Bonds - 5/15/44-59....</td><td></td><td>835</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total....................</td><td>114</td><td>1,709</td><td>5,586</td><td></td><td></td><td></td><td></td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>1-1/2% HOLC Bonds N - 6/1/45-47....</td><td></td><td>755</td><td></td><td></td><td>-</td><td>-</td><td>3,538</td></tr><tr><td>Total....................</td><td>-</td><td>755</td><td>6,341</td><td></td><td></td><td></td><td></td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>-</td><td>6,341</td><td></td><td>-</td><td>-</td><td>3,538</td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>3% FFMC Bonds - 1/15/42-47....</td><td></td><td>236</td><td></td></tr><tr><td>1948</td><td></td><td></td><td></td><td>2-3/4% FFMC Bonds - 3/1/42-47....</td><td></td><td>103</td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>1-1/2% HOLC Bonds N - 6/1/45-47....</td><td>-</td><td>1,094</td><td>4,632</td></tr><tr><td>1949</td><td></td><td></td><td></td><td>Total....................</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>1948</td><td>-</td><td>-</td><td>4,632</td></tr><tr><td>1950-51</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>3% FFMC Bonds - 5/15/44-49....</td><td></td><td>835</td><td></td></tr><tr><td>1952</td><td></td><td></td><td></td><td>Total....................</td><td>-</td><td>835</td><td>5,467</td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>1950-51</td><td>-</td><td>-</td><td>5,467</td></tr><tr><td>1953-63</td><td></td><td></td><td></td><td>1952</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>3% HOLC Bonds A - 5/1/44-52....</td><td></td><td>779</td><td></td></tr><tr><td>1964</td><td></td><td></td><td></td><td>Total....................</td><td>-</td><td>779</td><td>6,246</td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>1953-63</td><td>-</td><td>-</td><td>6,246</td></tr><tr><td></td><td></td><td></td><td></td><td>1964</td><td></td><td></td><td></td></tr><tr><td></td><td>-</td><td>-</td><td>6,341</td><td>3-1/4% FFMC Bonds - 3/15/44-47....</td><td></td><td>95</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td>Total....................</td><td>-</td><td>95</td><td>6,341</td></tr></table>
Excludes (1) FHA debentures; (2) securities issued on the credit of the United States.
Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures.
Fixed-maturity issues are classified by year in which due.
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
-39-
40
Collections of Internal Revenue
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th colspan="2">May</th><th colspan="2">July 1 - May 31</th><th>Sources of revenue</th><th colspan="2">May</th><th colspan="2">July 1 - May 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>11,664</td><td>81,623</td><td>714,458</td><td>1,206,441</td><td>Lubricating oils</td><td>2,853</td><td>4,164</td><td>28,308</td><td>34,211</td></tr><tr><td>Current</td><td>15,606</td><td>21,061</td><td>145,459</td><td>175,453</td><td>Gasolines</td><td>18,958</td><td>35,404</td><td>205,101</td><td>313,439</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Tires and inner tubes</td><td>3,678</td><td>7,380</td><td>37,387</td><td>46,811</td></tr><tr><td>Individual</td><td>5,350</td><td>11,816</td><td>697,287</td><td>1,010,962</td><td>Automobile trucks</td><td>846</td><td>1,289</td><td>7,239</td><td>10,385</td></tr><tr><td>Current</td><td>7,720</td><td>9,379</td><td>83,520</td><td>94,794</td><td>Other automobiles and motorcycles</td><td>7,923</td><td>9,135</td><td>53,485</td><td>76,289</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Parts or accessories for automobiles</td><td>952</td><td>1,303</td><td>9,007</td><td>12,007</td></tr><tr><td>Excise profits</td><td></td><td></td><td></td><td></td><td>Electrical energy</td><td>3,624</td><td>4,665</td><td>38,278</td><td>43,670</td></tr><tr><td>Declared value excess</td><td>813</td><td>1,865</td><td>13,829</td><td>22,730</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>333</td><td>581</td><td>5,463</td><td>6,400</td></tr><tr><td>profits tax</td><td></td><td></td><td></td><td></td><td>Mechanical refrigerators</td><td>1,334</td><td>2,380</td><td>8,670</td><td>11,257</td></tr><tr><td>Profit limiting provisions of Vinson Act</td><td>2</td><td>14</td><td>1,117</td><td>1,883</td><td>Firearms, shells, and cartridges</td><td>180</td><td>413</td><td>3,294</td><td>4,946</td></tr><tr><td>Excise profits tax (Second Revenue Act of 1940)</td><td>-</td><td>9,297</td><td>-</td><td>102,502</td><td>Pistols and revolvers</td><td>7</td><td>11</td><td>71</td><td>80</td></tr><tr><td>Total income taxes</td><td>41,155</td><td>135,055</td><td>1,655,670</td><td>2,614,765</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>488</td><td>619</td><td>6,619</td><td>6,190</td></tr><tr><td>Tax on unjust enrichment</td><td>846</td><td>442</td><td>7,783</td><td>8,543</td><td>Matches (including repealed taxes)</td><td>*</td><td>14</td><td>22</td><td>95</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td></td><td>Repealed taxes not listed above</td><td>27</td><td>12</td><td>277</td><td>183</td></tr><tr><td>Capital stock tax</td><td>254</td><td>250</td><td>132,260</td><td>166,403</td><td>Total manufacturers' excise taxes</td><td>41,203</td><td>67,370</td><td>403,221</td><td>565,963</td></tr><tr><td>Estate tax</td><td>24,205</td><td>26,124</td><td>311,155</td><td>325,123</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Gift tax</td><td>477</td><td>3,050</td><td>28,406</td><td>51,335</td><td>Bituminous Coal Act of 1937</td><td>326</td><td>223</td><td>3,836</td><td>4,107</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Sugar Act of 1937</td><td>5,325</td><td>8,977</td><td>61,650</td><td>69,653</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>1,984</td><td>4,776</td><td>23,944</td><td>32,142</td><td>Telephone, telegraph, radio and cable facilities, leased wires, etc.</td><td>2,258</td><td>2,756</td><td>23,733</td><td>25,134</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>21,141</td><td>38,492</td><td>257,609</td><td>355,918</td><td>Transportation of oil by pipe line</td><td>1,029</td><td>1,043</td><td>10,469</td><td>11,219</td></tr><tr><td>Distilled spirits rectification tax</td><td>821</td><td>1,237</td><td>10,566</td><td>12,165</td><td>Leases of safe-deposit boxes</td><td>166</td><td>186</td><td>1,832</td><td>2,033</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>47</td><td>27</td><td>537</td><td>359</td><td>Admission to theaters, concerts, cabarets, etc.</td><td>1,791</td><td>6,956</td><td>20,242</td><td>65,082</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>511</td><td>1,076</td><td>6,424</td><td>9,851</td><td>Club dues and initiation fees</td><td>675</td><td>715</td><td>5,729</td><td>5,901</td></tr><tr><td>Brandy used for fortifying sweet wines</td><td>63</td><td>288</td><td>1,015</td><td>1,210</td><td>Adulterated and processed or renovated butter, mixed flour and filled choices</td><td>5</td><td>2</td><td>23</td><td>28</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>151</td><td>156</td><td>4,677</td><td>6,009</td><td>Oleomargarine, including special taxes</td><td>76</td><td>75</td><td>1,691</td><td>1,804</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>*</td><td>*</td><td>1</td><td>*</td><td>Narcotics, including marihuana and special taxes</td><td>38</td><td>39</td><td>395</td><td>469</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>70</td><td>88</td><td>985</td><td>936</td><td>Coconut and other vegetable oils processed</td><td>2,050</td><td>3,053</td><td>20,579</td><td>21,442</td></tr><tr><td>Container stamps</td><td>736</td><td>1,049</td><td>9,068</td><td>9,209</td><td>National Firearms Act</td><td>*</td><td>*</td><td>6</td><td>7</td></tr><tr><td>Floor taxes</td><td>1</td><td>36</td><td>12</td><td>25,275</td><td>All other, including repealed taxes not listed above</td><td>4</td><td>-71</td><td>161</td><td>30</td></tr><tr><td>Fermented malt liquors</td><td>24,623</td><td>32,197</td><td>235,418</td><td>282,860</td><td>Total miscellaneous taxes</td><td>13,743</td><td>24,018</td><td>150,646</td><td>206,909</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>53</td><td>46</td><td>2,543</td><td>3,146</td><td>Total miscellaneous internal revenue</td><td>188,871</td><td>268,199</td><td>2,162,482</td><td>2,722,084</td></tr><tr><td>Total alcoholic beverage taxes</td><td>50,201</td><td>79,468</td><td>552,799</td><td>739,080</td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td></td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large)</td><td>1,157</td><td>1,158</td><td>11,849</td><td>12,249</td><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>86,792</td><td>105,884</td><td>602,677</td><td>684,170</td></tr><tr><td>Cigars (small)</td><td>3</td><td>9</td><td>92</td><td>106</td><td>Federal Unemployment Tax Act (Unemployment insurance)</td><td>6,802</td><td>6,148</td><td>105,442</td><td>99,852</td></tr><tr><td>Cigarettes (large)</td><td>1</td><td>1</td><td>16</td><td>11</td><td>Total Social Security taxes</td><td>93,594</td><td>112,032</td><td>708,119</td><td>784,022</td></tr><tr><td>Cigarettes (small)</td><td>48,825</td><td>58,039</td><td>480,348</td><td>556,546</td><td>Carriers' Taxing Act of 1937</td><td>19,137</td><td>25,382</td><td>109,299</td><td>129,238</td></tr><tr><td>Stuff</td><td>624</td><td>650</td><td>6,277</td><td>6,373</td><td>Total employment taxes</td><td>112,731</td><td>137,414</td><td>817,418</td><td>913,260</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>4,765</td><td>4,613</td><td>49,925</td><td>50,475</td><td>Total internal revenue</td><td>343,603</td><td>541,110</td><td>4,643,353</td><td>6,258,652</td></tr><tr><td>Cigarette papers and tubes</td><td>124</td><td>137</td><td>1,193</td><td>1,289</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Leaf dealer penalties, etc.</td><td>*</td><td>3</td><td>1</td><td>10</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Oigarette floor taxes</td><td>-</td><td>2</td><td>-</td><td>4,533</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td>55,499</td><td>64,612</td><td>549,701</td><td>631,592</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stamp taxes:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bonds, issues of capital stock, deeds of conveyance, etc.</td><td>1,424</td><td>1,803</td><td>16,463</td><td>20,082</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Transfers of capital stock and similar interest sales</td><td>1,593</td><td>945</td><td>13,695</td><td>11,252</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Playing cards</td><td>244</td><td>555</td><td>3,952</td><td>4,297</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Silver bullion sales or transfers</td><td>28</td><td>4</td><td>184</td><td>48</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales of produce for future delivery (repealed as of 7/1/38)</td><td>-</td><td>-</td><td>-</td><td>*</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total stamp taxes</td><td>3,289</td><td>3,307</td><td>34,294</td><td>35,679</td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Reports of collections. * Less than $500. 1/ Represents an adjustment of data for prior months.
41
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="4">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>674,416</td><td>753,032</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,653,195</td><td>2,173,769</td><td>1,091,741</td><td>1,082,028</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,658,765</td><td>2,622,813</td><td>1,286,312</td><td>1,336,501</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,181,574</td><td>2,178,431</td><td>1,028,834</td><td>1,149,597</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1940</td><td>5,340,452</td><td>2,121,073</td><td>982,017</td><td>1,139,056</td><td>833,521</td><td>605,350</td><td>106,123</td><td>122,048</td></tr><tr><td>1940-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><tr><td>April</td><td>414,646</td><td>73,159</td><td>18,622</td><td>54,537</td><td>88,766</td><td>83,000</td><td>3,889</td><td>1,877</td></tr><tr><td>May</td><td>541,110</td><td>135,055</td><td>21,195</td><td>113,860</td><td>137,414</td><td>105,884</td><td>6,148</td><td>25,382</td></tr></table>
<table><tr><th>Fiscal year or month</th><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><th>Tax on unjust enrichment</th><th>Agricultural adjustment taxes</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>38,661</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1940-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><tr><td>April</td><td>251,731</td><td>187</td><td>49,720</td><td>66,134</td><td>58,069</td><td>3,519</td><td>54,218</td><td>19,884</td><td>990</td><td>-</td></tr><tr><td>May</td><td>268,199</td><td>250</td><td>29,174</td><td>79,468</td><td>64,612</td><td>3,307</td><td>67,370</td><td>24,018</td><td>442</td><td>-</td></tr></table>
Sources: 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 dividends tax imposed by the Act of June 16, 1933.
COLLECTIONS OF INTERNAL REVENUE
YEARLY
Fiscal Years 1929 to Date
By Principal Source
MONTHLY
January 1940 to Date
By Principal Sources
42
CUSTOMS STATISTICS
-43-
LL
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="12">Duties and taxes</th><th colspan="3">1941</th></tr><tr><th colspan="2">Calendar year</th><th colspan="9">1940</th><th colspan="3">1941</th></tr><tr><th></th><th>1939</th><th>1940</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>Chemicals, oil and paints.</td><td>19,634</td><td>12,355</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><td>870</td></tr><tr><td>Marbles, earthenware and glassware.</td><td>10,794</td><td>8,806</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><td>613</td></tr><tr><td>Metals and manufactures.</td><td>25,749</td><td>31,161</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><td>3,587</td></tr><tr><td>Wood and manufactures.</td><td>2,096</td><td>1,723</td><td>116</td><td>131</td><td>187</td><td>151</td><td>139</td><td>131</td><td>139</td><td>157</td><td>147</td><td>152</td><td>148</td><td>160</td><td>162</td></tr><tr><td>Sugar, molasses and manufactures 1/.</td><td>46,218</td><td>42,826</td><td>4,558</td><td>4,809</td><td>4,164</td><td>4,613</td><td>4,395</td><td>3,472</td><td>3,004</td><td>2,464</td><td>2,462</td><td>1,816</td><td>3,586</td><td>4,399</td><td>6,199</td></tr><tr><td>Tobacco and manufactures.</td><td>23,927</td><td>22,173</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><td>1,969</td></tr><tr><td>Agricultural products and provisions.</td><td>56,418</td><td>46,083</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><td>5,123</td></tr><tr><td>Spirite, wines and other beverages.</td><td>34,206</td><td>32,753</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>7,121</td><td>3,453</td><td>3,894</td><td>1,610</td><td>1,783</td><td>2,371</td></tr><tr><td>Cotton manufactures.</td><td>9,841</td><td>7,050</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><td>477</td></tr><tr><td>Flax, hemp, jute and manufactures.</td><td>10,829</td><td>10,255</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>839</td><td>822</td></tr><tr><td>Wool and manufactures.</td><td>33,624</td><td>51,601</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><td>9,834</td></tr><tr><td>Silk manufactures.</td><td>2,775</td><td>2,148</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><td>139</td></tr><tr><td>Manufactures of rayon and other synthetic textiles.</td><td>3,090</td><td>1,260</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><td>124</td></tr><tr><td>Pulp, paper and books.</td><td>2,132</td><td>1,278</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><td>77</td></tr><tr><td>Sundries.</td><td>35,245</td><td>29,558</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>2,231</td><td>1,990</td><td>2,362</td></tr><tr><td>Miscellaneous 2/.</td><td>325</td><td>281</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><td>16</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>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>328</td><td>341</td><td>437</td></tr><tr><td>Fuel oil, etc. 4/.</td><td>1,570</td><td>3,332</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><td>483</td></tr><tr><td>Motor fuel and lubricating oil.</td><td>13</td><td>59</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><td>1</td></tr><tr><td>Paraffin and other petroleum wax products.</td><td>384</td><td>747</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><td>1</td></tr><tr><td>Seed oils.</td><td>2,333</td><td>535</td><td>11</td><td>5</td><td>5</td><td>42</td><td>37</td><td>40</td><td>41</td><td>74</td><td>40</td><td>18</td><td>16</td><td>17</td><td>29</td></tr><tr><td>Oil seeds.</td><td>399</td><td>285</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><td>23</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>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><td>3,008</td></tr><tr><td>Number of specified types.</td><td>200</td><td>235</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><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>32</td><td>38</td><td>11</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Coal and related products.</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>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><td>4,004</td></tr><tr><td>Total duties and taxes.</td><td>328,352</td><td>318,267</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><td>38,749</td></tr><tr><td>Adjustment to Daily Treasury Statement.</td><td>+4,483</td><td>+11,45</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><td>+1,201</td></tr><tr><td>Total duties and taxes as reported in Daily Treasury Statement.</td><td>332,835</td><td>329,532</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><td>39,950</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="13">Values</th></tr><tr><th colspan="2">Calendar year</th><th colspan="8">1940</th><th colspan="4">1941</th></tr><tr><th></th><th>1939</th><th>1940</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>Chemicals, oils and paints.</td><td>56,586</td><td>41,204</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>2,467</td><td>2,940</td><td>3,010</td><td>3,324</td><td>3,419</td></tr><tr><td>Earths, earthenware and glassware.</td><td>25,369</td><td>22,336</td><td>1,976</td><td>1,629</td><td>1,819</td><td>1,888</td><td>1,945</td><td>1,879</td><td>1,647</td><td>1,902</td><td>1,966</td><td>1,972</td><td>1,740</td><td>1,675</td><td>1,938</td></tr><tr><td>Metals and manufactures.</td><td>89,728</td><td>102,303</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><td>10,634</td></tr><tr><td>Wood and manufactures.</td><td>17,002</td><td>17,461</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><td>2,204</td></tr><tr><td>Sugar, molasses and manufactures 1/.</td><td>90,543</td><td>87,780</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>3,822</td><td>7,545</td><td>7,202</td><td>13,468</td></tr><tr><td>Tobacco and manufactures.</td><td>35,999</td><td>36,685</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><td>3,283</td></tr><tr><td>Agricultural products and provisions.</td><td>173,808</td><td>147,228</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>11,868</td><td>11,317</td><td>12,879</td></tr><tr><td>Spirits, wines and other beverages.</td><td>59,076</td><td>53,809</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>4,961</td><td>5,431</td><td>6,432</td><td>2,565</td><td>2,769</td><td>3,915</td></tr><tr><td>Cotton manufactures.</td><td>27,284</td><td>20,106</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>1,724</td><td>1,423</td></tr><tr><td>Flax, hemp, jute and manufactures.</td><td>54,765</td><td>68,033</td><td>6,920</td><td>4,032</td><td>6,111</td><td>4,899</td><td>7,971</td><td>3,459</td><td>6,249</td><td>5,704</td><td>4,143</td><td>4,676</td><td>3,879</td><td>5,307</td><td>5,306</td></tr><tr><td>Wool and manufactures.</td><td>49,271</td><td>77,829</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><td>14,613</td></tr><tr><td>Silk manufactures.</td><td>5,286</td><td>4,074</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><td>258</td></tr><tr><td>Manufactures of rayon and other synthetic textiles.</td><td>10,210</td><td>3,898</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>331</td><td>330</td><td>149</td></tr><tr><td>Pulp, paper and books.</td><td>11,461</td><td>7,550</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><td>488</td></tr><tr><td>Shandies.</td><td>133,270</td><td>114,957</td><td>12,583</td><td>9,496</td><td>9,158</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><td>9,797</td></tr><tr><td>Miscellaneous 2/.</td><td>343</td><td>305</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><td>16</td></tr><tr><td>Free list 3/.</td><td>38,051</td><td>86,277</td><td>6,413</td><td>5,371</td><td>5,012</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>7,582</td><td>11,326</td></tr><tr><td>Total value of dutiable and taxable imports.</td><td>878,050</td><td>891,835</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><td>93,519</td></tr></table>
Source: For values, reports of the Bureau of Foreign and Domestic Commerce; the figures for customs duties and taxes are computed on the basis of the quantity and value figures.
Note: April 1941 figures were not available in time for publication in this issue of "The Bulletin".
1/ Includes taxable sugar from the Philippine Islands.
2/ Comprises articles dutiable under paragraph 1615 and repairs on vessels dutiable under Section 4665 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 act 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 gasolene or other motor fuel.
45
Customs Duties and Taxes Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which imports originated</th><th>Calendar year 1939</th><th>Calendar year 1940</th><th colspan="11">1940</th><th colspan="3">1941</th></tr><tr><th></th><th></th><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>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>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><td>71</td></tr><tr><td>Czechoslovakia</td><td>1,564</td><td>82</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><td>3</td></tr><tr><td>France</td><td>19,210</td><td>11,995</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><td>278</td></tr><tr><td>Germany</td><td>14,224</td><td>2,261</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><td>162</td></tr><tr><td>Greece</td><td>7,209</td><td>7,360</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><td>682</td></tr><tr><td>Italy</td><td>13,394</td><td>7,282</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><td>84</td></tr><tr><td>Netherlands</td><td>5,972</td><td>956</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><td>9</td></tr><tr><td>Norway</td><td>3,208</td><td>1,243</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><td>2</td></tr><tr><td>Poland</td><td>1,983</td><td>54</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><td>-</td></tr><tr><td>Spain</td><td>3,065</td><td>3,490</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><td>214</td></tr><tr><td>Sweden</td><td>1,920</td><td>1,180</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><td>38</td></tr><tr><td>Switzerland</td><td>11,369</td><td>10,535</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><td>835</td></tr><tr><td>U.S.S.R.</td><td>1,921</td><td>3,129</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><td>157</td></tr><tr><td>United Kingdom</td><td>43,783</td><td>40,018</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><td>3,476</td></tr><tr><td>Other Europe</td><td>7,103</td><td>4,770</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><td>414</td></tr><tr><td>Total Europe</td><td>145,319</td><td>98,927</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><td>6,425</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>1,370</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><td>2,224</td></tr><tr><td>Cuba</td><td>48,811</td><td>46,646</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><td>6,976</td></tr><tr><td>Dominican Republic</td><td>1,444</td><td>1,206</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><td>38</td></tr><tr><td>Mexico</td><td>7,819</td><td>11,937</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><td>2,300</td></tr><tr><td>Netherland West Indies</td><td>1,605</td><td>1,456</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><td>243</td></tr><tr><td>Other Countries</td><td>1,161</td><td>1,382</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><td>187</td></tr><tr><td>Total North and Central America</td><td>80,528</td><td>84,393</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><td>11,969</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>2,930</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><td>4,561</td></tr><tr><td>Brazil</td><td>3,107</td><td>4,145</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><td>598</td></tr><tr><td>Chile</td><td>601</td><td>5,125</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><td>2,663</td></tr><tr><td>Peru</td><td>3,082</td><td>3,876</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>628</td><td>518</td><td>623</td><td>434</td><td>534</td></tr><tr><td>Uruguay</td><td>5,604</td><td>10,519</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><td>2,852</td></tr><tr><td>Venezuela</td><td>5,267</td><td>4,388</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><td>482</td></tr><tr><td>Other Countries</td><td>1,424</td><td>1,932</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><td>427</td></tr><tr><td>Total South America</td><td>37,695</td><td>57,166</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><td>12,117</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>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><td>725</td></tr><tr><td>China</td><td>10,262</td><td>14,142</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><td>1,284</td></tr><tr><td>Japan</td><td>17,823</td><td>16,368</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><td>1,066</td></tr><tr><td>Turkey</td><td>8,436</td><td>8,746</td><td>690</td><td>690</td><td>887</td><td>765</td><td>738</td><td>816</td><td>691</td><td>729</td><td>593</td><td>827</td><td>913</td><td>545</td><td>711</td></tr><tr><td>Other Countries</td><td>6,716</td><td>9,076</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><td>783</td></tr><tr><td>Total Asia</td><td>50,182</td><td>57,450</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><td>4,569</td></tr><tr><td>Oceania</td><td>8,509</td><td>9,239</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><td>2,226</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>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><td>422</td></tr><tr><td>Gold Coast</td><td>1,375</td><td>1,392</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><td>121</td></tr><tr><td>Union of South Africa</td><td>1,528</td><td>6,417</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><td>738</td></tr><tr><td>Other Countries</td><td>838</td><td>1,435</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><td>161</td></tr><tr><td>Total Africa</td><td>6,118</td><td>11,091</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><td>1,443</td></tr><tr><td>Grand Total</td><td>328,352</td><td>318,267</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><td>38,749</td></tr></table>
Sources: Computed on the basis of quantities and values of imports as shown in reports of the Bureau of Foreign and Domestic Commerce. Note: April 1941 figures were not available in time for publication in this issue of the "The Bulletin".
46
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas through May 31, 1941</th></tr><tr><td>Cattle weighing under 200 pounds each</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>61,332</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 Apr. 1, 1941</td><td>Head</td><td>51,720</td><td>16,914</td></tr><tr><td>Other countries</td><td>Quarter year from Apr. 1, 1941</td><td>Head</td><td>8,280</td><td>(Tariff rate quota filled)</td></tr><tr><td>Whole milk, fresh or sour</td><td>Calendar year</td><td>Gallon</td><td>3,000,000</td><td>2,375</td></tr><tr><td>Cream, fresh or sour</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>334</td></tr><tr><td>Fish, fresh or frozen, filleted, etc., cod, haddock, hake, pollock, cusk and rosefish</td><td>Calendar year</td><td>Pound</td><td>15,000,000</td><td>3,011,110</td></tr><tr><td>White or Irish potatoes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Certified seed</td><td>12 months from Sept. 15, 1940</td><td>Pound</td><td>90,000,000</td><td>42,963,831</td></tr><tr><td>Other</td><td>12 months from Sept. 15, 1940</td><td>Pound</td><td>60,000,000</td><td>7,035,941</td></tr><tr><td>Silver or black force, furs, and articles: Furs valued under $250 each and whole furs and skins:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>12 months from Dec. 1, 1940</td><td>Number</td><td>70,000</td><td>(Import quota filled)</td></tr><tr><td>Other than Canada</td><td>12 months from Dec. 1, 1940</td><td>Number</td><td>30,000</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>35</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>7,737,276</td></tr><tr><td>Red cedar shingles</td><td>Calendar year</td><td>Square</td><td>2,488,359</td><td>1,413,314</td></tr><tr><td>Molasses and sugar syrups, 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 oil:</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>787,227,665</td></tr><tr><td>Netherlands and Netherlande Indies</td><td>Calendar year</td><td>Gallon</td><td>578,806,200</td><td>284,189,460</td></tr><tr><td>Colombia</td><td>Calendar year</td><td>Gallon</td><td>86,956,800</td><td>13,315,290</td></tr><tr><td>Other countries</td><td>Calendar year</td><td>Gallon</td><td>138,587,400</td><td>(Tariff rate quota filled)</td></tr><tr><td>Products of Philippines 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>146,443,604</td></tr><tr><td>Refined sugars</td><td>Calendar year</td><td>Pound</td><td>112,000,000 1/</td><td>40,344,604</td></tr><tr><td>Sugars other than refined</td><td>Calendar year</td><td>Pound</td><td>1,792,000,000 1/</td><td>1,010,650,084</td></tr><tr><td>Cordage</td><td>Period - May 1 to Dec. 31, 1941</td><td>Pound</td><td>4,000,000</td><td>552,236</td></tr><tr><td>Buttons of pearl of shell</td><td>Calendar year</td><td>Gross</td><td>807,500</td><td>299,919</td></tr><tr><td>Cigars</td><td>Calendar year</td><td>Number</td><td>190,000,000</td><td>60,112,526</td></tr><tr><td>Scrap tobacco and stemmed and unstemmed filler tobacco</td><td>Calendar year</td><td>Pound</td><td>4,275,000</td><td>2,140,186</td></tr></table>
1/ The duty-free quota on Philippine sugars applies to 850,000 long tons, of which not more than 50,000 long tons may be refined sugars.
47
Imports of Cotton and Cotton Waste under Quota Provisions
For Year Beginning September 20, 1940
(In pounds)
<table><tr><th>Country of origin</th><th colspan="2">Cotton 1/ Staple length less than 1-1/8 inches</th><th colspan="2">Cotton 1/ Staple length 1-1/8 inches to 1-11/16 inches</th><th colspan="2">Cotton waste 2/ Total cotton waste</th><th colspan="2">Cotton waste 2/ Restricted cotton waste (included in total) 3/</th></tr><tr><th></th><th>Established quota</th><th>Imports to May 31, 1941</th><th>Established quota</th><th>Imports to May 31, 1941</th><th>Established quota</th><th>Imports to May 31, 1941</th><th>Established quota</th><th>Imports to May 31, 1941</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38,559</td><td>-</td><td>12,853</td><td>-</td></tr><tr><td>France</td><td>-</td><td>-</td><td>-</td><td>-</td><td>227,420</td><td>-</td><td>75,807</td><td>-</td></tr><tr><td>Germany</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76,329</td><td>-</td><td>25,443</td><td>-</td></tr><tr><td>Italy</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,263</td><td>-</td><td>7,088</td><td>-</td></tr><tr><td>Netherlands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68,240</td><td>-</td><td>22,747</td><td>-</td></tr><tr><td>Switzerland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,388</td><td>-</td><td>14,796</td><td>-</td></tr><tr><td>Union of Soviet Socialist Republics</td><td>475,124</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,323,457</td><td>1,272,958</td><td>1,441,152</td><td>6,430</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></tr><tr><td>Barbados</td><td>-</td><td>-</td><td>12,554</td><td>1,737</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Canada</td><td>-</td><td>-</td><td>-</td><td>-</td><td>239,690</td><td>238,895</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,544</td><td>3,500</td><td>-</td><td>-</td></tr><tr><td>Haiti</td><td>237</td><td>-</td><td>506</td><td>126</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Honduras</td><td>752</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>8,883,259</td><td>4,047,267</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other British West Indies 4/</td><td>21,321</td><td>-</td><td>30,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>5,203</td><td>5,070</td><td>435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brazil</td><td>618,723</td><td>618,723</td><td>3,808</td><td>204</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>124</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ecuador</td><td>9,333</td><td>9,271</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Paraguay</td><td>871</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru</td><td>247,952</td><td>116,682</td><td>2,056,299</td><td>1,651,598</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>2,003,483</td><td>63,366</td><td>64,942</td><td>-</td><td>69,627</td><td>68,783</td><td>-</td><td>-</td></tr><tr><td>China</td><td>1,370,791</td><td>-</td><td>2,626</td><td>-</td><td>17,322</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Iraq</td><td>195</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japan</td><td>-</td><td>-</td><td>-</td><td>-</td><td>341,535</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Netherlands East Indies</td><td>71,388</td><td>71,388</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Algeria and Tunisia</td><td>-</td><td>-</td><td>1,634</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>British East Africa</td><td>2,240</td><td>-</td><td>29,909</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Egypt and the Anglo-Egyptian Sudan 5/</td><td>783,816</td><td>-</td><td>43,451,566</td><td>24,026,445</td><td>8,135</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nigeria</td><td>5,377</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other British West Africa 6/</td><td>16,004</td><td>-</td><td>2,002</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other French Africa 7/</td><td>689</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>14,516,882</td><td>4,931,769</td><td>45,656,420</td><td>25,680,110</td><td>5,482,509</td><td>1,584,136</td><td>1,599,886</td><td>6,430</td></tr></table>
Reports of Collectors of Customs.
1/ Cotton having a staple of less than 1-11/16 inches (other than harish or rough cotton of less than 3/4 inch in staple length and chiefly used in the manufacture of blankets and blanketing, and other than linters).
2/ Cotton waste includes camber, lap, oliver, roving, and cotton card strips, whether or not manufactured or otherwise advanced in way
3/ In the case of the European countries, not more than 33-1/3 percent of the total quotas for cotton wastes may be filled by cotton
wastes other than card strips and camber wastes made from cottons of 1-3/16 inches or more in staple length.
4/ Other than Barbados, Bermuda, Jamaica, Trinidad, and Tobago.
5/ The quota for cotton waste applies only to Egypt.
6/ Other than Gold Coast and Nigeria.
7/ Other than Algeria, Tunisia, and Madagascar.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
— 48 —
49
Net Capital Movement between the United States and Foreign Countries
1935 through March 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- lands</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 1/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>50,301</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>-2,690</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-Apr. 2, 1941...</td><td>-51,892</td><td>-1,107</td><td>-4,950</td><td>1,174</td><td>-8,026</td><td>15,400</td><td>-27,864</td><td>-24,641</td><td>-50,014</td><td>-16,821</td><td>16,892</td><td>-12,993</td><td>11,437</td></tr><tr><td>Total</td><td>5,773,922</td><td>968,480</td><td>665,350</td><td>177,064</td><td>47,357</td><td>471,010</td><td>883,046</td><td>898,107</td><td>4,111,014</td><td>394,850</td><td>623,678</td><td>542,710</td><td>101,676</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></tr><tr><td>1941-Mar. 5</td><td>14,826</td><td>-5,907</td><td>1,623</td><td>-923</td><td>-78</td><td>18,729</td><td>4,011</td><td>-628</td><td>16,827</td><td>-8,566</td><td>2,722</td><td>4,372</td><td>8,215</td></tr><tr><td>Mar. 12</td><td>44,053</td><td>56,037</td><td>-2,738</td><td>1,152</td><td>-428</td><td>548</td><td>-1,324</td><td>-6,996</td><td>46,251</td><td>1,677</td><td>7,528</td><td>-3,028</td><td>-8,375</td></tr><tr><td>Mar. 19</td><td>19,618</td><td>-11,859</td><td>744</td><td>-401</td><td>264</td><td>-29</td><td>-20</td><td>6,203</td><td>-5,098</td><td>783</td><td>15,283</td><td>7,127</td><td>1,518</td></tr><tr><td>Mar. 26</td><td>-20,351</td><td>-10,045</td><td>-427</td><td>926</td><td>74</td><td>6</td><td>-124</td><td>-4,434</td><td>-14,025</td><td>-4,816</td><td>-1,840</td><td>-1,355</td><td>1,695</td></tr><tr><td>Apr. 2</td><td>-27,293</td><td>-14,540</td><td>-1,555</td><td>41</td><td>3</td><td>737</td><td>1,909</td><td>-1,025</td><td>-14,512</td><td>-4,752</td><td>2,531</td><td>-9,843</td><td>-717</td></tr><tr><td>Total</td><td>30,853</td><td>13,685</td><td>-2,353</td><td>713</td><td>-165</td><td>19,991</td><td>4,452</td><td>-6,880</td><td>29,443</td><td>-15,669</td><td>26,224</td><td>-11,481</td><td>2,336</td></tr><tr><td>MOVEMENT IN SHORT-TERM BANKING FUNDS 1/:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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>55,352</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</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>24,509</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>202,551</td><td>11,034</td><td>-10,803</td><td>-25,805</td><td>135,714</td><td>155,082</td><td>402,086</td><td>163,398</td><td>101,899</td><td>175,251</td><td>3,717</td></tr><tr><td>Dec. 31, 1940-Apr. 2, 1941...</td><td>-15,695</td><td>2,985</td><td>-3,841</td><td>2,351</td><td>-2,279</td><td>13,114</td><td>-12,104</td><td>-26,972</td><td>-26,746</td><td>-7,703</td><td>24,131</td><td>-17,343</td><td>11,966</td></tr><tr><td>Total</td><td>3,911,872</td><td>565,497</td><td>528,726</td><td>171,052</td><td>22,100</td><td>191,152</td><td>489,159</td><td>626,569</td><td>2,594,255</td><td>386,713</td><td>393,729</td><td>461,777</td><td>75,398</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></tr><tr><td>1941-Mar. 5</td><td>14,423</td><td>-5,305</td><td>1,624</td><td>-909</td><td>-77</td><td>18,428</td><td>5,448</td><td>-851</td><td>18,348</td><td>-9,288</td><td>1,968</td><td>4,828</td><td>8,223</td></tr><tr><td>Mar. 12</td><td>47,035</td><td>56,066</td><td>-2,748</td><td>1,155</td><td>-392</td><td>248</td><td>-181</td><td>-6,730</td><td>47,368</td><td>4,293</td><td>7,181</td><td>-3,424</td><td>-8,383</td></tr><tr><td>Mar. 19</td><td>18,600</td><td>-11,503</td><td>690</td><td>-387</td><td>276</td><td>-27</td><td>1,043</td><td>6,321</td><td>-3,587</td><td>293</td><td>14,331</td><td>6,028</td><td>1,535</td></tr><tr><td>Mar. 26</td><td>-17,972</td><td>-10,222</td><td>255</td><td>914</td><td>65</td><td>-1,227</td><td>-401</td><td>-4,698</td><td>-15,314</td><td>-2,205</td><td>-586</td><td>-1,503</td><td>1,636</td></tr><tr><td>Apr. 2</td><td>-24,504</td><td>-14,163</td><td>-1,662</td><td>-45</td><td>-14</td><td>487</td><td>3,174</td><td>-810</td><td>-13,033</td><td>-6,456</td><td>5,747</td><td>-9,962</td><td>-800</td></tr><tr><td>Total</td><td>37,582</td><td>14,873</td><td>-1,841</td><td>728</td><td>-142</td><td>17,909</td><td>9,083</td><td>-6,828</td><td>33,782</td><td>-13,363</td><td>28,041</td><td>-13,689</td><td>2,211</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></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>6,039</td><td>13</td><td>2,418</td><td>-152</td><td>123</td><td>1,265</td><td>2,455</td><td>1,431</td><td>7,553</td><td>4,479</td><td>968</td><td>2,878</td><td>-881</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>6,811</td><td>4,016</td><td>7,977</td><td>-510</td><td>131</td><td>-2,195</td><td>6,656</td><td>-1,070</td><td>15,005</td><td>-3,086</td><td>-5,182</td><td>-788</td><td>862</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>34</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940...</td><td>32,990</td><td>6,121</td><td>7,522</td><td>63</td><td>-69</td><td>2,533</td><td>8,933</td><td>-277</td><td>24,826</td><td>6,070</td><td>2,558</td><td>-2,321</td><td>1,857</td></tr><tr><td>Jan. 3, 1940-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>-1,921</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-Apr. 2, 1941...</td><td>-5,048</td><td>-265</td><td>-1,188</td><td>6</td><td>-2</td><td>508</td><td>-1,613</td><td>-56</td><td>-2,610</td><td>-128</td><td>-3,169</td><td>441</td><td>418</td></tr><tr><td>Total</td><td>95,871</td><td>16,698</td><td>18,710</td><td>-214</td><td>186</td><td>13,900</td><td>14,544</td><td>7,882</td><td>71,706</td><td>10,596</td><td>6,075</td><td>6,426</td><td>1,068</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></tr><tr><td>1941-Mar. 5</td><td>-611</td><td>118</td><td>31</td><td>-2</td><td>1</td><td>113</td><td>-562</td><td>100</td><td>-201</td><td>-336</td><td>-289</td><td>164</td><td>51</td></tr><tr><td>Mar. 12</td><td>312</td><td>-533</td><td>51</td><td>2</td><td>3</td><td>307</td><td>14</td><td>-271</td><td>-227</td><td>200</td><td>552</td><td>-98</td><td>85</td></tr><tr><td>Mar. 19</td><td>1,458</td><td>-47</td><td>80</td><td>-</td><td>-1</td><td>-8</td><td>133</td><td>-211</td><td>-54</td><td>337</td><td>1,027</td><td>140</td><td>8</td></tr><tr><td>Mar. 26</td><td>-2,522</td><td>378</td><td>-821</td><td>1</td><td>-2</td><td>-178</td><td>545</td><td>-312</td><td>-389</td><td>-1,141</td><td>-1,182</td><td>192</td><td>-2</td></tr><tr><td>Apr. 2</td><td>40</td><td>-209</td><td>74</td><td>-2</td><td>16</td><td>136</td><td>8</td><td>499</td><td>376</td><td>620</td><td>-110</td><td>-51</td><td>57</td></tr><tr><td>Total</td><td>-1,323</td><td>-293</td><td>-585</td><td>-1</td><td>17</td><td>370</td><td>138</td><td>-1,193</td><td>-1,547</td><td>-320</td><td>-2</td><td>347</td><td>199</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></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936...</td><td>316,660</td><td>149,780</td><td>23,394</td><td>-5,353</td><td>-95</td><td>50,458</td><td>55,125</td><td>12,928</td><td>286,237</td><td>2,807</td><td>3,685</td><td>21,371</td><td>2,560</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936...</td><td>600,693</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>531,719</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937...</td><td>244,626</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29, 1937-Dec. 28, 1938...</td><td>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>3,517</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-Apr. 2, 1941...</td><td>-40,077</td><td>-4,077</td><td>-248</td><td>-1,187</td><td>-5,728</td><td>1,792</td><td>-13,348</td><td>-94</td><td>-22,890</td><td>-10,495</td><td>-4,715</td><td>-640</td><td>-1,337</td></tr><tr><td>Total</td><td>952,703</td><td>257,144</td><td>74,182</td><td>-30,269</td><td>-3,008</td><td>234,945</td><td>334,736</td><td>64,757</td><td>932,487</td><td>-28,925</td><td>20,90
1
Capital movement adjusted for change in reporting practice in week ended March 5, 1941.
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
50
51
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for March 1941
(in thousands of dollars)
<table><tr><th>Liebilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN LIABILITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>3,754,327</td><td>344,967</td><td>488,657</td><td>139,067</td><td>17,085</td><td>11,898</td><td>5,914</td><td>15,435</td><td>187,850</td><td>45,974</td><td>220,158</td><td>494,283</td><td>195,768</td><td>2,167,056</td><td>425,398</td></tr><tr><td>Mar. 12</td><td>3,814,176</td><td>404,339</td><td>485,897</td><td>137,692</td><td>16,909</td><td>11,178</td><td>6,932</td><td>15,202</td><td>188,065</td><td>45,912</td><td>222,249</td><td>494,366</td><td>189,371</td><td>2,218,112</td><td>430,939</td></tr><tr><td>Mar. 19</td><td>3,828,610</td><td>393,671</td><td>486,628</td><td>137,616</td><td>16,800</td><td>10,768</td><td>5,514</td><td>15,403</td><td>188,018</td><td>45,881</td><td>223,502</td><td>495,276</td><td>194,458</td><td>2,213,535</td><td>431,394</td></tr><tr><td>Mar. 26</td><td>3,811,443</td><td>383,545</td><td>486,552</td><td>135,204</td><td>16,584</td><td>10,270</td><td>5,777</td><td>15,371</td><td>186,812</td><td>45,748</td><td>223,585</td><td>494,693</td><td>192,756</td><td>2,197,497</td><td>430,761</td></tr><tr><td>Apr. 2</td><td>3,774,961</td><td>369,448</td><td>484,881</td><td>135,365</td><td>16,394</td><td>10,641</td><td>5,647</td><td>15,320</td><td>187,307</td><td>45,042</td><td>222,188</td><td>497,830</td><td>194,188</td><td>2,184,251</td><td>421,502</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>3,731,028</td><td>334,672</td><td>487,474</td><td>138,403</td><td>17,073</td><td>11,891</td><td>5,859</td><td>15,362</td><td>186,053</td><td>45,965</td><td>219,832</td><td>493,753</td><td>195,600</td><td>2,151,937</td><td>424,180</td></tr><tr><td>Mar. 12</td><td>3,790,868</td><td>394,972</td><td>484,677</td><td>137,041</td><td>16,899</td><td>11,172</td><td>6,848</td><td>15,108</td><td>186,280</td><td>45,901</td><td>221,991</td><td>493,593</td><td>189,179</td><td>2,203,661</td><td>429,758</td></tr><tr><td>Mar. 19</td><td>3,805,231</td><td>384,482</td><td>485,387</td><td>136,955</td><td>16,790</td><td>10,761</td><td>5,422</td><td>15,322</td><td>186,273</td><td>45,874</td><td>223,235</td><td>494,451</td><td>194,240</td><td>2,199,192</td><td>430,455</td></tr><tr><td>Mar. 26</td><td>3,788,247</td><td>373,552</td><td>485,674</td><td>134,551</td><td>16,576</td><td>10,863</td><td>5,691</td><td>15,281</td><td>185,077</td><td>45,742</td><td>223,290</td><td>493,763</td><td>192,568</td><td>2,183,028</td><td>429,855</td></tr><tr><td>Apr. 2</td><td>3,752,612</td><td>360,081</td><td>484,010</td><td>134,723</td><td>16,386</td><td>10,635</td><td>5,599</td><td>15,146</td><td>185,571</td><td>45,036</td><td>221,876</td><td>496,825</td><td>194,012</td><td>2,169,900</td><td>420,626</td></tr><tr><td>Deposits for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>3,598,199</td><td>327,626</td><td>482,159</td><td>137,626</td><td>16,947</td><td>11,887</td><td>5,676</td><td>15,133</td><td>185,837</td><td>45,926</td><td>218,113</td><td>475,441</td><td>193,725</td><td>2,116,096</td><td>421,474</td></tr><tr><td>Mar. 12</td><td>3,646,081</td><td>383,049</td><td>479,103</td><td>136,266</td><td>16,784</td><td>11,168</td><td>6,692</td><td>14,885</td><td>186,067</td><td>45,862</td><td>220,435</td><td>470,352</td><td>185,387</td><td>2,156,050</td><td>427,611</td></tr><tr><td>Mar. 19</td><td>3,666,245</td><td>377,309</td><td>479,976</td><td>136,188</td><td>16,671</td><td>10,757</td><td>5,266</td><td>15,097</td><td>186,063</td><td>45,835</td><td>221,998</td><td>467,835</td><td>192,252</td><td>2,155,247</td><td>428,219</td></tr><tr><td>Mar. 26</td><td>3,650,907</td><td>366,881</td><td>480,316</td><td>133,812</td><td>16,466</td><td>10,860</td><td>5,533</td><td>15,048</td><td>184,871</td><td>45,703</td><td>221,980</td><td>467,443</td><td>190,570</td><td>2,139,483</td><td>427,662</td></tr><tr><td>Apr. 2</td><td>3,614,655</td><td>351,682</td><td>478,677</td><td>133,988</td><td>16,273</td><td>10,632</td><td>5,441</td><td>14,915</td><td>185,351</td><td>44,996</td><td>220,661</td><td>471,175</td><td>191,988</td><td>2,125,779</td><td>418,360</td></tr><tr><td>Bills held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>90,036</td><td>4,380</td><td>852</td><td>769</td><td>20</td><td>3</td><td>15</td><td>218</td><td>86</td><td>18</td><td>1,284</td><td>17,152</td><td>969</td><td>25,766</td><td>1,814</td></tr><tr><td>Mar. 12</td><td>87,605</td><td>5,678</td><td>1,121</td><td>767</td><td>3</td><td>3</td><td>16</td><td>212</td><td>83</td><td>18</td><td>1,322</td><td>17,329</td><td>1,004</td><td>27,556</td><td>1,840</td></tr><tr><td>Mar. 19</td><td>87,872</td><td>4,463</td><td>1,078</td><td>759</td><td>10</td><td>3</td><td>17</td><td>214</td><td>75</td><td>18</td><td>1,229</td><td>15,698</td><td>995</td><td>24,559</td><td>1,871</td></tr><tr><td>Mar. 26</td><td>86,202</td><td>4,595</td><td>1,047</td><td>731</td><td>1</td><td>3</td><td>20</td><td>222</td><td>76</td><td>18</td><td>1,304</td><td>15,404</td><td>956</td><td>24,377</td><td>1,850</td></tr><tr><td>Apr. 2</td><td>85,825</td><td>4,762</td><td>988</td><td>727</td><td>7</td><td>3</td><td>20</td><td>216</td><td>75</td><td>19</td><td>1,208</td><td>14,724</td><td>1,109</td><td>23,858</td><td>1,905</td></tr><tr><td>Short-term United States Government obligations held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>25,509</td><td>5</td><td>130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5,000</td><td>58</td><td>193</td><td>60</td></tr><tr><td>Mar. 12</td><td>30,508</td><td>4</td><td>130</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>58</td><td>5,192</td><td>60</td></tr><tr><td>Mar. 19</td><td>33,458</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,000</td><td>58</td><td>10,062</td><td>130</td></tr><tr><td>Mar. 26</td><td>33,380</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,000</td><td>58</td><td>10,058</td><td>71</td></tr><tr><td>Apr. 2</td><td>33,323</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10,000</td><td>2</td><td>10,002</td><td>70</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>Mar. 5</td><td>17,284</td><td>2,661</td><td>4,333</td><td>8</td><td>106</td><td>1</td><td>168</td><td>11</td><td>130</td><td>21</td><td>435</td><td>1,160</td><td>848</td><td>9,882</td><td>832</td></tr><tr><td>Mar. 12</td><td>26,674</td><td>6,241</td><td>4,323</td><td>8</td><td>112</td><td>1</td><td>140</td><td>11</td><td>130</td><td>21</td><td>234</td><td>912</td><td>2,730</td><td>14,863</td><td>247</td></tr><tr><td>Mar. 19</td><td>17,656</td><td>2,706</td><td>4,333</td><td>8</td><td>109</td><td>1</td><td>139</td><td>11</td><td>135</td><td>21</td><td>8</td><td>918</td><td>935</td><td>9,324</td><td>235</td></tr><tr><td>Mar. 26</td><td>17,758</td><td>2,476</td><td>4,311</td><td>8</td><td>109</td><td>-</td><td>138</td><td>11</td><td>130</td><td>21</td><td>6</td><td>916</td><td>984</td><td>9,110</td><td>272</td></tr><tr><td>Apr. 2</td><td>18,809</td><td>3,637</td><td>4,345</td><td>8</td><td>106</td><td>-</td><td>138</td><td>15</td><td>145</td><td>21</td><td>7</td><td>926</td><td>913</td><td>10,261</td><td>291</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>23,299</td><td>10,295</td><td>1,183</td><td>664</td><td>12</td><td>7</td><td>55</td><td>73</td><td>1,797</td><td>9</td><td>326</td><td>530</td><td>168</td><td>15,119</td><td>1,218</td></tr><tr><td>Mar. 12</td><td>23,308</td><td>9,367</td><td>1,220</td><td>651</td><td>10</td><td>6</td><td>84</td><td>94</td><td>1,785</td><td>11</td><td>258</td><td>773</td><td>192</td><td>14,451</td><td>1,181</td></tr><tr><td>Mar. 19</td><td>23,379</td><td>9,189</td><td>1,241</td><td>661</td><td>10</td><td>7</td><td>92</td><td>81</td><td>1,745</td><td>7</td><td>267</td><td>825</td><td>218</td><td>14,343</td><td>939</td></tr><tr><td>Mar. 26</td><td>23,196</td><td>9,593</td><td>878</td><td>653</td><td>8</td><td>7</td><td>86</td><td>90</td><td>1,735</td><td>6</td><td>295</td><td>930</td><td>188</td><td>14,469</td><td>906</td></tr><tr><td>Apr. 2</td><td>22,349</td><td>9,367</td><td>871</td><td>642</td><td>8</td><td>6</td><td>48</td><td>174</td><td>1,736</td><td>6</td><td>312</td><td>1,005</td><td>176</td><td>14,351</td><td>876</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>Mar. 5</td><td>10,535</td><td>2,638</td><td>813</td><td>500</td><td>10</td><td>7</td><td>53</td><td>67</td><td>1,553</td><td>8</td><td>70</td><td>284</td><td>114</td><td>6,117</td><td>323</td></tr><tr><td>Mar. 12</td><td>11,216</td><td>2,464</td><td>853</td><td>498</td><td>8</td><td>6</td><td>82</td><td>87</td><td>1,513</td><td>10</td><td>2</td><td>441</td><td>136</td><td>6,100</td><td>374</td></tr><tr><td>Mar. 19</td><td>11,452</td><td>2,149</td><td>873</td><td>503</td><td>8</td><td>7</td><td>90</td><td>74</td><td>1,550</td><td>6</td><td>11</td><td>447</td><td>130</td><td>5,848</td><td>181</td></tr><tr><td>Mar. 26</td><td>10,664</td><td>1,802</td><td>801</td><td>496</td><td>6</td><td>7</td><td>84</td><td>63</td><td>1,539</td><td>5</td><td>39</td><td>552</td><td>120</td><td>5,534</td><td>132</td></tr><tr><td>Apr. 2</td><td>10,941</td><td>2,591</td><td>796</td><td>497</td><td>6</td><td>6</td><td>46</td><td>166</td><td>1,541</td><td>5</td><td>42</td><td>600</td><td>126</td><td>6,422</td><td>113</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>4,851</td><td>3,481</td><td>299</td><td>54</td><td>-</td><td>-</td><td>-</td><td>-</td><td>152</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,986</td><td>782</td></tr><tr><td>Mar. 12</td><td>4,526</td><td>3,221</td><td>299</td><td>48</td><td>-</td><td>-</td><td>-</td><td>-</td><td>191</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,759</td><td>680</td></tr><tr><td>Mar. 19</td><td>3,829</td><td>2,683</td><td>299</td><td>47</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,143</td><td>618</td></tr><tr><td>Mar. 26</td><td>3,748</td><td>2,928</td><td>7</td><td>47</td><td>-</td><td>-</td><td>-</td><td>-</td><td>115</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,097</td><td>612</td></tr><tr><td>Apr. 2</td><td>3,547</td><td>2,705</td><td>7</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,868</td><td>637</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>Mar. 5</td><td>7,913</td><td>4,176</td><td>71</td><td>110</td><td>2</td><td>-</td><td>2</td><td>6</td><td>92</td><td>1</td><td>256</td><td>246</td><td>54</td><td>5,016</td><td>113</td></tr><tr><td>Mar. 12</td><td>7,566</td><td>3,082</td><td>68</td><td>105</td><td>2</td><td>-</td><td>2</td><td>7</td><td>81</td><td>1</td><td>256</td><td>332</td><td>56</td><td>4,592</td><td>127</td></tr><tr><td>Mar. 19</td><td>8,098</td><td>4,357</td><td>69</td><td>111</td><td>2</td><td>-</td><td>2</td><td>7</td><td>81</td><td>1</td><td>256</td><td>378</td><td>88</td><td>5,352</td><td>140</td></tr><tr><td>Mar. 26</td><td>8,784</td><td>4,863</td><td>70</td><td>110</td><td>2</td><td>-</td><td>2</td><td>7</td><td>81</td><td>1</td><td>256</td><td>378</td><td>68</td><td>5,838</td><td>162</td></tr><tr><td>Apr. 2</td><td>7,861</td><td>4,071</td><td>68</td
(Continued on following page)
52
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for March 19411/ (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>Mar. 5.</td><td>102,072</td><td>36,346</td><td>25,860</td><td>48,655</td><td>53,165</td><td>56,961</td><td>121,979</td><td>445,038</td><td>215,610</td><td>96,720</td><td>100,530</td><td>49,007</td><td>163,409</td><td>625,276</td><td>91,559</td></tr><tr><td>Mar. 12.</td><td>102,507</td><td>43,602</td><td>25,545</td><td>49,228</td><td>54,325</td><td>55,255</td><td>124,170</td><td>454,632</td><td>213,850</td><td>96,387</td><td>101,624</td><td>48,873</td><td>165,709</td><td>626,443</td><td>84,050</td></tr><tr><td>Mar. 19.</td><td>104,697</td><td>55,059</td><td>25,984</td><td>51,204</td><td>53,022</td><td>55,164</td><td>122,821</td><td>457,951</td><td>214,434</td><td>95,355</td><td>106,263</td><td>45,909</td><td>168,825</td><td>630,786</td><td>84,944</td></tr><tr><td>Mar. 26.</td><td>105,243</td><td>43,051</td><td>30,807</td><td>51,649</td><td>53,405</td><td>61,919</td><td>120,600</td><td>466,674</td><td>212,379</td><td>94,955</td><td>105,262</td><td>46,990</td><td>170,011</td><td>629,597</td><td>86,914</td></tr><tr><td>Apr. 2.</td><td>104,530</td><td>44,015</td><td>30,545</td><td>51,511</td><td>53,484</td><td>64,482</td><td>121,672</td><td>470,239</td><td>216,697</td><td>94,474</td><td>90,790</td><td>45,890</td><td>165,028</td><td>612,879</td><td>86,090</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>Mar. 5.</td><td>102,051</td><td>36,328</td><td>25,860</td><td>48,648</td><td>52,835</td><td>56,961</td><td>121,693</td><td>444,376</td><td>215,063</td><td>94,765</td><td>97,498</td><td>48,833</td><td>163,186</td><td>619,345</td><td>91,190</td></tr><tr><td>Mar. 12.</td><td>102,491</td><td>43,586</td><td>25,545</td><td>49,228</td><td>53,973</td><td>55,255</td><td>123,892</td><td>453,970</td><td>213,291</td><td>94,361</td><td>98,211</td><td>48,693</td><td>165,596</td><td>620,152</td><td>83,327</td></tr><tr><td>Mar. 19.</td><td>104,581</td><td>55,036</td><td>25,984</td><td>51,204</td><td>52,865</td><td>55,164</td><td>122,528</td><td>457,462</td><td>213,872</td><td>93,213</td><td>102,474</td><td>45,693</td><td>168,737</td><td>623,989</td><td>84,133</td></tr><tr><td>Mar. 26.</td><td>105,224</td><td>43,033</td><td>30,807</td><td>51,649</td><td>53,071</td><td>61,919</td><td>120,308</td><td>466,011</td><td>211,839</td><td>92,719</td><td>101,824</td><td>46,785</td><td>169,883</td><td>623,050</td><td>86,303</td></tr><tr><td>Apr. 2.</td><td>104,509</td><td>44,006</td><td>30,545</td><td>51,511</td><td>53,156</td><td>64,482</td><td>121,399</td><td>469,508</td><td>216,154</td><td>92,672</td><td>87,353</td><td>45,682</td><td>164,939</td><td>606,800</td><td>85,678</td></tr><tr><td>Deposits for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5.</td><td>100,943</td><td>29,813</td><td>24,559</td><td>46,705</td><td>52,328</td><td>56,871</td><td>117,865</td><td>429,084</td><td>189,490</td><td>88,873</td><td>69,575</td><td>40,477</td><td>155,154</td><td>543,569</td><td>87,976</td></tr><tr><td>Mar. 12.</td><td>101,255</td><td>37,787</td><td>24,414</td><td>47,503</td><td>53,374</td><td>55,174</td><td>119,442</td><td>438,949</td><td>187,914</td><td>88,505</td><td>72,003</td><td>40,824</td><td>153,912</td><td>543,158</td><td>80,313</td></tr><tr><td>Mar. 19.</td><td>103,433</td><td>48,926</td><td>24,569</td><td>49,179</td><td>52,275</td><td>55,067</td><td>118,106</td><td>451,555</td><td>190,078</td><td>87,346</td><td>76,289</td><td>36,758</td><td>159,828</td><td>550,299</td><td>80,925</td></tr><tr><td>Mar. 26.</td><td>103,750</td><td>36,834</td><td>29,868</td><td>49,506</td><td>52,375</td><td>61,864</td><td>116,286</td><td>450,483</td><td>188,311</td><td>86,824</td><td>75,972</td><td>38,594</td><td>160,426</td><td>550,127</td><td>83,152</td></tr><tr><td>Apr. 2.</td><td>103,160</td><td>37,820</td><td>29,628</td><td>49,194</td><td>52,618</td><td>64,381</td><td>117,178</td><td>453,979</td><td>192,461</td><td>86,838</td><td>61,027</td><td>37,528</td><td>156,416</td><td>534,270</td><td>82,267</td></tr><tr><td>Bills held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5.</td><td>1,071</td><td>6,401</td><td>1,296</td><td>1,887</td><td>459</td><td>60</td><td>3,692</td><td>14,866</td><td>5,080</td><td>290</td><td>27,106</td><td>7,272</td><td>5,344</td><td>45,092</td><td>2,498</td></tr><tr><td>Mar. 12.</td><td>1,202</td><td>5,672</td><td>1,126</td><td>1,669</td><td>507</td><td>49</td><td>3,830</td><td>14,055</td><td>4,830</td><td>282</td><td>25,181</td><td>5,797</td><td>5,706</td><td>41,796</td><td>2,358</td></tr><tr><td>Mar. 19.</td><td>1,213</td><td>5,980</td><td>1,410</td><td>1,969</td><td>498</td><td>67</td><td>3,800</td><td>14,937</td><td>5,210</td><td>329</td><td>25,664</td><td>6,875</td><td>6,068</td><td>44,146</td><td>2,359</td></tr><tr><td>Mar. 26.</td><td>1,426</td><td>6,044</td><td>926</td><td>2,087</td><td>619</td><td>25</td><td>3,398</td><td>14,525</td><td>5,003</td><td>331</td><td>24,884</td><td>6,155</td><td>6,721</td><td>43,094</td><td>2,356</td></tr><tr><td>Apr. 2.</td><td>1,312</td><td>6,037</td><td>902</td><td>2,261</td><td>461</td><td>71</td><td>3,579</td><td>14,623</td><td>4,976</td><td>292</td><td>25,677</td><td>6,131</td><td>5,725</td><td>42,801</td><td>2,638</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>Mar. 5.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>20,000</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>25,204</td><td>-</td></tr><tr><td>Mar. 12.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>20,000</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>25,204</td><td>-</td></tr><tr><td>Mar. 19.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15</td><td>-</td><td>-</td><td>52</td><td>18,010</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>23,214</td><td>-</td></tr><tr><td>Mar. 26.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>18,010</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>23,214</td><td>-</td></tr><tr><td>Apr. 2.</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>18,010</td><td>5,200</td><td>-</td><td>-</td><td>4</td><td>23,214</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>Mar. 5.</td><td>37</td><td>114</td><td>5</td><td>19</td><td>33</td><td>30</td><td>136</td><td>374</td><td>493</td><td>402</td><td>817</td><td>1,084</td><td>2,684</td><td>5,480</td><td>716</td></tr><tr><td>Mar. 12.</td><td>34</td><td>127</td><td>5</td><td>19</td><td>77</td><td>32</td><td>620</td><td>914</td><td>547</td><td>374</td><td>1,027</td><td>2,072</td><td>5,974</td><td>9,994</td><td>656</td></tr><tr><td>Mar. 19.</td><td>35</td><td>130</td><td>5</td><td>19</td><td>77</td><td>30</td><td>622</td><td>918</td><td>574</td><td>338</td><td>521</td><td>2,060</td><td>2,837</td><td>6,330</td><td>849</td></tr><tr><td>Mar. 26.</td><td>48</td><td>155</td><td>13</td><td>19</td><td>77</td><td>30</td><td>624</td><td>966</td><td>515</td><td>364</td><td>968</td><td>2,036</td><td>2,732</td><td>6,615</td><td>795</td></tr><tr><td>Apr. 2.</td><td>37</td><td>149</td><td>15</td><td>19</td><td>77</td><td>30</td><td>642</td><td>969</td><td>707</td><td>342</td><td>649</td><td>2,023</td><td>2,794</td><td>6,515</td><td>773</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>Mar. 5.</td><td>21</td><td>18</td><td>-</td><td>7</td><td>330</td><td>-</td><td>286</td><td>662</td><td>547</td><td>1,955</td><td>3,032</td><td>174</td><td>223</td><td>5,931</td><td>369</td></tr><tr><td>Mar. 12.</td><td>16</td><td>16</td><td>-</td><td>-</td><td>352</td><td>-</td><td>278</td><td>662</td><td>559</td><td>2,026</td><td>3,413</td><td>180</td><td>113</td><td>6,291</td><td>723</td></tr><tr><td>Mar. 19.</td><td>16</td><td>23</td><td>-</td><td>-</td><td>157</td><td>-</td><td>293</td><td>489</td><td>562</td><td>2,142</td><td>3,789</td><td>216</td><td>88</td><td>6,797</td><td>811</td></tr><tr><td>Mar. 26.</td><td>19</td><td>18</td><td>-</td><td>-</td><td>334</td><td>-</td><td>292</td><td>663</td><td>540</td><td>2,236</td><td>3,438</td><td>205</td><td>128</td><td>6,547</td><td>611</td></tr><tr><td>Apr. 2.</td><td>21</td><td>9</td><td>-</td><td>-</td><td>328</td><td>-</td><td>273</td><td>631</td><td>543</td><td>1,802</td><td>3,437</td><td>208</td><td>89</td><td>6,079</td><td>412</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>Mar. 5.</td><td>14</td><td>18</td><td>-</td><td>-</td><td>5</td><td>-</td><td>279</td><td>316</td><td>545</td><td>1,908</td><td>786</td><td>174</td><td>205</td><td>3,618</td><td>161</td></tr><tr><td>Mar. 12.</td><td>10</td><td>16</td><td>-</td><td>-</td><td>5</td><td>-</td><td>277</td><td>308</td><td>557</td><td>1,982</td><td>1,120</td><td>180</td><td>97</td><td>3,936</td><td>498</td></tr><tr><td>Mar. 19.</td><td>7</td><td>23</td><td>-</td><td>-</td><td>12</td><td>-</td><td>291</td><td>333</td><td>558</td><td>2,090</td><td>1,531</td><td>216</td><td>72</td><td>4,467</td><td>623</td></tr><tr><td>Mar. 26.</td><td>11</td><td>18</td><td>-</td><td>-</td><td>26</td><td>-</td><td>290</td><td>345</td><td>537</td><td>2,173</td><td>1,280</td><td>205</td><td>113</td><td>4,308</td><td>345</td></tr><tr><td>Apr. 2.</td><td>12</td><td>9</td><td>-</td><td>-</td><td>28</td><td>-</td><td>271</td><td>320</td><td>540</td><td>1,749</td><td>1,300</td><td>208</td><td>74</td><td>3,871</td><td>215</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>77</td><td>-</td><td>-</td><td>77</td><td>6</td></tr><tr><td>Mar. 12.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>82</td><td>-</td><td>-</td><td>82</td><td>5</td></tr><tr><td>Mar. 19.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>64</td><td>-</td><td>-</td><td>64</td><td>4</td></tr><tr><td>Mar. 26.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>37</td><td>2</td></tr><tr><td>Apr. 2.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>37</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>Mar. 5.</td><td>1</td><td>-</td><td>-</td><td>7</td><td>325</td><td>-</td><td>7</td><td>346</td><td>2</td><td>47</td><td>2,169</td><td>-</td><td>18</td><td>2,236</td><td>202</td></tr><tr><td>Mar. 12.</td><td>6</td><td>-</td><td>-</td><td>-</td><td>347</td><td>-</td><td>1</td><td>354</td><td>2</td><td>44</td><td>2,211</td><td>-</td><td>16</td><td>2,273</td><td>220</td></tr><tr><td>Mar. 19.</td><td>9</td><td>-</td><td>-</td><td>-</td><td>145</td><td>-</td><td>2</td><td>156</td><td>4</td><td>52</td><td>2,194</td><td>-</td><td>16</td><td>2,266</td><td>184</td></tr><tr><td>Mar. 26.</td><td>8</td><td>-</td><td>-</td><td>-</td><td>308</td><td>-</td><td>2</td><td>318</td><td>3</td><td>63</td><td>2,121</td><td>-</td><td>15</td><td>2,202</td><td>264</td></tr><tr><td>Apr. 2.</td><td>9</td><td>-</td><td>-</td><td>-</td><td>300</td><td>-</td><td>2</td><td>311</td><td>3</td><td>53</td><td>2,100</td><td>-</td><td>15</td><td>2,171</td><td>192</td></tr></table>
1/
Data are not strictly comparable to those previously published due to change in reporting practice.
53
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for March 1941
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Nether-lande</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><td></td></tr><tr><td>Mar. 5</td><td>394,210</td><td>19,651</td><td>3,102</td><td>1,307</td><td>64</td><td>1,871</td><td>38,041</td><td>1,705</td><td>851</td><td>736</td><td>1,005</td><td>3,164</td><td>25,307</td><td>96,804</td><td>30,750</td></tr><tr><td>Mar. 12</td><td>407,024</td><td>22,957</td><td>3,090</td><td>1,294</td><td>71</td><td>1,897</td><td>37,904</td><td>1,804</td><td>818</td><td>689</td><td>997</td><td>3,428</td><td>25,483</td><td>100,492</td><td>31,998</td></tr><tr><td>Mar. 19</td><td>402,858</td><td>23,792</td><td>3,131</td><td>1,312</td><td>70</td><td>1,894</td><td>36,873</td><td>1,789</td><td>798</td><td>680</td><td>966</td><td>3,295</td><td>24,902</td><td>99,502</td><td>32,160</td></tr><tr><td>Mar. 26</td><td>403,663</td><td>23,888</td><td>2,800</td><td>1,300</td><td>59</td><td>1,876</td><td>36,222</td><td>1,692</td><td>819</td><td>687</td><td>810</td><td>3,113</td><td>25,512</td><td>98,778</td><td>33,732</td></tr><tr><td>Apr. 2</td><td>391,685</td><td>23,954</td><td>2,791</td><td>1,313</td><td>61</td><td>1,876</td><td>36,137</td><td>1,655</td><td>827</td><td>695</td><td>851</td><td>3,076</td><td>25,329</td><td>98,565</td><td>30,929</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><td></td></tr><tr><td>Mar. 5</td><td>40,315</td><td>6,492</td><td>313</td><td>62</td><td>22</td><td>5</td><td>149</td><td>375</td><td>404</td><td>183</td><td>343</td><td>703</td><td>1,230</td><td>10,281</td><td>5,552</td></tr><tr><td>Mar. 12</td><td>40,230</td><td>6,055</td><td>309</td><td>58</td><td>23</td><td>5</td><td>148</td><td>439</td><td>346</td><td>141</td><td>361</td><td>1,052</td><td>1,223</td><td>10,160</td><td>5,637</td></tr><tr><td>Mar. 19</td><td>40,908</td><td>6,534</td><td>324</td><td>57</td><td>23</td><td>4</td><td>156</td><td>434</td><td>342</td><td>125</td><td>320</td><td>977</td><td>1,262</td><td>10,558</td><td>6,044</td></tr><tr><td>Mar. 26</td><td>40,362</td><td>6,879</td><td>351</td><td>53</td><td>19</td><td>3</td><td>103</td><td>432</td><td>344</td><td>132</td><td>300</td><td>736</td><td>1,230</td><td>10,582</td><td>5,458</td></tr><tr><td>Apr. 2</td><td>39,498</td><td>6,165</td><td>350</td><td>57</td><td>18</td><td>3</td><td>125</td><td>441</td><td>334</td><td>141</td><td>298</td><td>696</td><td>1,220</td><td>9,848</td><td>5,559</td></tr><tr><td>Banka 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><td></td></tr><tr><td>Mar. 5</td><td>9,007</td><td>2,948</td><td>42</td><td>36</td><td>6</td><td>2</td><td>55</td><td>204</td><td>85</td><td>11</td><td>49</td><td>104</td><td>54</td><td>3,596</td><td>3,670</td></tr><tr><td>Mar. 12</td><td>8,858</td><td>2,805</td><td>40</td><td>32</td><td>7</td><td>2</td><td>69</td><td>207</td><td>90</td><td>13</td><td>82</td><td>179</td><td>47</td><td>3,573</td><td>3,596</td></tr><tr><td>Mar. 19</td><td>9,340</td><td>2,747</td><td>41</td><td>32</td><td>7</td><td>1</td><td>74</td><td>205</td><td>87</td><td>9</td><td>44</td><td>100</td><td>63</td><td>3,410</td><td>4,020</td></tr><tr><td>Mar. 26</td><td>8,367</td><td>2,659</td><td>46</td><td>31</td><td>5</td><td>-</td><td>19</td><td>205</td><td>87</td><td>9</td><td>40</td><td>82</td><td>69</td><td>3,252</td><td>3,488</td></tr><tr><td>Apr. 2</td><td>8,752</td><td>2,686</td><td>49</td><td>32</td><td>5</td><td>-</td><td>39</td><td>197</td><td>87</td><td>11</td><td>60</td><td>96</td><td>63</td><td>3,325</td><td>3,800</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><td></td></tr><tr><td>Mar. 5</td><td>24,128</td><td>762</td><td>155</td><td>10</td><td>1</td><td>-</td><td>73</td><td>107</td><td>119</td><td>49</td><td>3</td><td>498</td><td>345</td><td>2,122</td><td>1,171</td></tr><tr><td>Mar. 12</td><td>24,265</td><td>814</td><td>153</td><td>10</td><td>1</td><td>-</td><td>58</td><td>168</td><td>55</td><td>4</td><td>1</td><td>502</td><td>346</td><td>2,112</td><td>1,288</td></tr><tr><td>Mar. 19</td><td>23,839</td><td>811</td><td>152</td><td>9</td><td>1</td><td>-</td><td>60</td><td>165</td><td>55</td><td>3</td><td>1</td><td>505</td><td>369</td><td>2,131</td><td>1,189</td></tr><tr><td>Mar. 26</td><td>23,731</td><td>894</td><td>176</td><td>9</td><td>1</td><td>-</td><td>62</td><td>165</td><td>56</td><td>2</td><td>1</td><td>285</td><td>342</td><td>1,993</td><td>1,027</td></tr><tr><td>Apr. 2</td><td>23,389</td><td>873</td><td>173</td><td>9</td><td>1</td><td>-</td><td>64</td><td>182</td><td>45</td><td>10</td><td>3</td><td>222</td><td>341</td><td>1,923</td><td>1,005</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><td></td></tr><tr><td>Mar. 5</td><td>7,180</td><td>2,782</td><td>116</td><td>16</td><td>15</td><td>3</td><td>21</td><td>64</td><td>200</td><td>123</td><td>291</td><td>101</td><td>831</td><td>4,563</td><td>711</td></tr><tr><td>Mar. 12</td><td>7,107</td><td>2,436</td><td>116</td><td>16</td><td>15</td><td>3</td><td>21</td><td>64</td><td>201</td><td>124</td><td>278</td><td>371</td><td>830</td><td>4,475</td><td>753</td></tr><tr><td>Mar. 19</td><td>7,729</td><td>2,976</td><td>131</td><td>16</td><td>15</td><td>3</td><td>22</td><td>64</td><td>200</td><td>113</td><td>275</td><td>372</td><td>830</td><td>5,017</td><td>835</td></tr><tr><td>Mar. 26</td><td>8,264</td><td>3,326</td><td>129</td><td>13</td><td>13</td><td>3</td><td>22</td><td>62</td><td>201</td><td>121</td><td>259</td><td>369</td><td>819</td><td>5,337</td><td>943</td></tr><tr><td>Apr. 2</td><td>7,357</td><td>2,606</td><td>128</td><td>16</td><td>12</td><td>3</td><td>22</td><td>62</td><td>202</td><td>120</td><td>235</td><td>378</td><td>816</td><td>4,600</td><td>754</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><td></td></tr><tr><td>Mar. 5</td><td>353,895</td><td>13,159</td><td>2,789</td><td>1,245</td><td>42</td><td>1,866</td><td>37,892</td><td>1,330</td><td>447</td><td>553</td><td>662</td><td>2,461</td><td>24,077</td><td>86,523</td><td>25,198</td></tr><tr><td>Mar. 12</td><td>366,794</td><td>16,902</td><td>2,781</td><td>1,236</td><td>48</td><td>1,892</td><td>37,756</td><td>1,425</td><td>472</td><td>548</td><td>636</td><td>2,376</td><td>24,260</td><td>90,332</td><td>26,361</td></tr><tr><td>Mar. 19</td><td>361,950</td><td>17,258</td><td>2,807</td><td>1,255</td><td>47</td><td>1,890</td><td>36,717</td><td>1,355</td><td>456</td><td>555</td><td>646</td><td>2,318</td><td>23,640</td><td>88,944</td><td>26,116</td></tr><tr><td>Mar. 26</td><td>363,301</td><td>17,009</td><td>2,449</td><td>1,247</td><td>40</td><td>1,873</td><td>36,119</td><td>1,260</td><td>475</td><td>555</td><td>510</td><td>2,377</td><td>24,282</td><td>88,196</td><td>28,274</td></tr><tr><td>Apr. 2</td><td>352,187</td><td>17,789</td><td>2,441</td><td>1,256</td><td>43</td><td>1,873</td><td>36,012</td><td>1,214</td><td>493</td><td>554</td><td>553</td><td>2,380</td><td>24,109</td><td>88,717</td><td>25,370</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><td></td></tr><tr><td>Mar. 5</td><td>139,692</td><td>7,921</td><td>597</td><td>561</td><td>-</td><td>-</td><td>12,201</td><td>745</td><td>11</td><td>1</td><td>18</td><td>332</td><td>11,621</td><td>34,008</td><td>2,356</td></tr><tr><td>Mar. 12</td><td>147,757</td><td>11,888</td><td>595</td><td>561</td><td>-</td><td>-</td><td>11,838</td><td>831</td><td>11</td><td>1</td><td>30</td><td>296</td><td>11,752</td><td>37,803</td><td>2,816</td></tr><tr><td>Mar. 19</td><td>146,994</td><td>12,490</td><td>706</td><td>565</td><td>-</td><td>-</td><td>11,411</td><td>772</td><td>21</td><td>1</td><td>57</td><td>183</td><td>11,500</td><td>37,706</td><td>1,976</td></tr><tr><td>Mar. 26</td><td>152,073</td><td>12,291</td><td>619</td><td>565</td><td>-</td><td>-</td><td>11,323</td><td>676</td><td>21</td><td>1</td><td>14</td><td>253</td><td>11,880</td><td>37,643</td><td>3,873</td></tr><tr><td>Apr. 2</td><td>139,552</td><td>13,251</td><td>620</td><td>565</td><td>-</td><td>-</td><td>11,406</td><td>631</td><td>21</td><td>1</td><td>94</td><td>246</td><td>11,760</td><td>38,595</td><td>969</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><td></td></tr><tr><td>Mar. 5</td><td>50,432</td><td>1,517</td><td>486</td><td>-</td><td>-</td><td>-</td><td>17,123</td><td>5</td><td>4</td><td>-</td><td>262</td><td>37</td><td>542</td><td>19,976</td><td>4,765</td></tr><tr><td>Mar. 12</td><td>55,352</td><td>1,327</td><td>486</td><td>-</td><td>-</td><td>-</td><td>17,348</td><td>14</td><td>4</td><td>-</td><td>251</td><td>38</td><td>573</td><td>20,041</td><td>4,775</td></tr><tr><td>Mar. 19</td><td>53,227</td><td>1,098</td><td>486</td><td>-</td><td>-</td><td>-</td><td>16,478</td><td>5</td><td>4</td><td>-</td><td>213</td><td>43</td><td>573</td><td>18,900</td><td>4,141</td></tr><tr><td>Mar. 26</td><td>52,146</td><td>1,007</td><td>194</td><td>-</td><td>-</td><td>-</td><td>16,241</td><td>5</td><td>4</td><td>-</td><td>178</td><td>36</td><td>576</td><td>18,241</td><td>4,146</td></tr><tr><td>Apr. 2</td><td>52,374</td><td>843</td><td>181</td><td>-</td><td>-</td><td>-</td><td>16,064</td><td>5</td><td>6</td><td>2</td><td>121</td><td>36</td><td>582</td><td>17,840</td><td>3,721</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><td></td></tr><tr><td>Mar. 5</td><td>163,771</td><td>3,721</td><td>1,706</td><td>684</td><td>42</td><td>1,866</td><td>8,568</td><td>580</td><td>432</td><td>552</td><td>382</td><td>2,092</td><td>11,914</td><td>32,539</td><td>18,067</td></tr><tr><td>Mar. 12</td><td>163,685</td><td>3,687</td><td>1,700</td><td>675</td><td>48</td><td>1,892</td><td>8,570</td><td>580</td><td>457</td><td>547</td><td>355</td><td>2,042</td><td>11,935</td><td>32,488</td><td>18,771</td></tr><tr><td>Mar. 19</td><td>161,729</td><td>3,670</td><td>1,615</td><td>690</td><td>47</td><td>1,890</td><td>8,828</td><td>578</td><td>431</td><td>554</td><td>376</td><td>2,092</td><td>11,567</td><td>32,338</td><td>19,999</td></tr><tr><td>Mar. 26</td><td>159,082</td><td>3,711</td><td>1,636</td><td>682</td><td>40</td><td>1,873</td><td>8,555</td><td>579</td><td>450</td><td>554</td><td>318</td><td>2,088</td><td>11,826</td><td>32,312</td><td>20,255</td></tr><tr><td>Apr. 2</td><td>160,261</td><td>3,695</td><td>1,640</td><td>691</td><td>43</td><td>1,873</td><td>8,542</td><td>578</td><td>466</td><td>551</td><td>338</td><td>2,098</td><td>11,767</td><td>32,282</td><td>20,680</td></tr></table>
(Continued on following page)
54
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for March 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>Maricopa</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>Mar. 5</td><td>10,383</td><td>25,106</td><td>14,199</td><td>11,344</td><td>5,891</td><td>2,540</td><td>53,561</td><td>123,024</td><td>23,514</td><td>852</td><td>73,860</td><td>22,593</td><td>16,139</td><td>136,958</td><td>6,674</td></tr><tr><td>Mar. 12</td><td>10,153</td><td>29,942</td><td>13,648</td><td>10,631</td><td>5,947</td><td>2,600</td><td>52,516</td><td>125,437</td><td>24,446</td><td>837</td><td>76,551</td><td>22,718</td><td>16,997</td><td>141,549</td><td>7,548</td></tr><tr><td>Mar. 19</td><td>10,217</td><td>29,830</td><td>13,675</td><td>11,370</td><td>5,467</td><td>2,536</td><td>51,330</td><td>124,425</td><td>24,993</td><td>943</td><td>77,420</td><td>20,596</td><td>15,912</td><td>139,804</td><td>6,907</td></tr><tr><td>Mar. 26</td><td>10,184</td><td>30,514</td><td>12,999</td><td>10,544</td><td>5,409</td><td>2,443</td><td>51,641</td><td>123,734</td><td>24,649</td><td>909</td><td>77,509</td><td>19,583</td><td>17,528</td><td>140,178</td><td>7,241</td></tr><tr><td>Apr. 2</td><td>10,405</td><td>29,987</td><td>12,157</td><td>10,655</td><td>5,376</td><td>2,543</td><td>50,429</td><td>121,552</td><td>26,466</td><td>939</td><td>67,326</td><td>20,433</td><td>18,258</td><td>133,422</td><td>7,217</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>Mar. 5</td><td>846</td><td>132</td><td>18</td><td>23</td><td>587</td><td>68</td><td>457</td><td>2,131</td><td>19,340</td><td>416</td><td>700</td><td>81</td><td>1,182</td><td>21,719</td><td>632</td></tr><tr><td>Mar. 12</td><td>858</td><td>90</td><td>22</td><td>23</td><td>599</td><td>66</td><td>465</td><td>2,123</td><td>19,317</td><td>371</td><td>689</td><td>77</td><td>1,210</td><td>21,664</td><td>646</td></tr><tr><td>Mar. 19</td><td>840</td><td>64</td><td>20</td><td>22</td><td>394</td><td>55</td><td>438</td><td>1,853</td><td>19,309</td><td>451</td><td>738</td><td>73</td><td>1,321</td><td>21,892</td><td>561</td></tr><tr><td>Mar. 26</td><td>855</td><td>94</td><td>20</td><td>40</td><td>373</td><td>61</td><td>418</td><td>1,861</td><td>19,176</td><td>383</td><td>1,112</td><td>72</td><td>1,127</td><td>21,870</td><td>591</td></tr><tr><td>Apr. 2</td><td>949</td><td>90</td><td>21</td><td>71</td><td>314</td><td>64</td><td>426</td><td>1,935</td><td>19,176</td><td>435</td><td>1,031</td><td>91</td><td>820</td><td>21,553</td><td>603</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>Mar. 5</td><td>83</td><td>11</td><td>1</td><td>22</td><td>320</td><td>19</td><td>9</td><td>465</td><td>143</td><td>194</td><td>315</td><td>55</td><td>565</td><td>1,272</td><td>4</td></tr><tr><td>Mar. 12</td><td>93</td><td>1</td><td>1</td><td>22</td><td>334</td><td>19</td><td>7</td><td>477</td><td>126</td><td>164</td><td>292</td><td>52</td><td>570</td><td>1,204</td><td>8</td></tr><tr><td>Mar. 19</td><td>78</td><td>1</td><td>1</td><td>22</td><td>328</td><td>19</td><td>13</td><td>462</td><td>118</td><td>240</td><td>316</td><td>47</td><td>719</td><td>1,440</td><td>8</td></tr><tr><td>Mar. 26</td><td>90</td><td>1</td><td>1</td><td>40</td><td>309</td><td>19</td><td>6</td><td>466</td><td>36</td><td>173</td><td>532</td><td>46</td><td>367</td><td>1,154</td><td>7</td></tr><tr><td>Apr. 2</td><td>192</td><td>1</td><td>1</td><td>70</td><td>286</td><td>19</td><td>17</td><td>586</td><td>31</td><td>226</td><td>460</td><td>67</td><td>247</td><td>1,031</td><td>10</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>Mar. 5</td><td>587</td><td>20</td><td>5</td><td>-</td><td>215</td><td>-</td><td>163</td><td>990</td><td>19,178</td><td>165</td><td>38</td><td>-</td><td>369</td><td>19,750</td><td>95</td></tr><tr><td>Mar. 12</td><td>588</td><td>16</td><td>7</td><td>-</td><td>215</td><td>-</td><td>173</td><td>999</td><td>19,173</td><td>165</td><td>38</td><td>-</td><td>405</td><td>19,781</td><td>85</td></tr><tr><td>Mar. 19</td><td>587</td><td>11</td><td>7</td><td>-</td><td>13</td><td>-</td><td>148</td><td>766</td><td>19,173</td><td>165</td><td>37</td><td>-</td><td>368</td><td>19,743</td><td>10</td></tr><tr><td>Mar. 26</td><td>588</td><td>16</td><td>7</td><td>-</td><td>11</td><td>-</td><td>143</td><td>765</td><td>19,122</td><td>168</td><td>35</td><td>-</td><td>550</td><td>19,875</td><td>71</td></tr><tr><td>Apr. 2</td><td>579</td><td>10</td><td>7</td><td>-</td><td>11</td><td>-</td><td>135</td><td>742</td><td>19,127</td><td>167</td><td>30</td><td>-</td><td>304</td><td>19,688</td><td>31</td></tr><tr><td>Other assets 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></tr><tr><td>Mar. 5</td><td>176</td><td>101</td><td>12</td><td>1</td><td>52</td><td>49</td><td>285</td><td>676</td><td>19</td><td>57</td><td>347</td><td>26</td><td>248</td><td>697</td><td>533</td></tr><tr><td>Mar. 12</td><td>177</td><td>73</td><td>14</td><td>1</td><td>50</td><td>47</td><td>285</td><td>647</td><td>18</td><td>42</td><td>399</td><td>25</td><td>235</td><td>679</td><td>553</td></tr><tr><td>Mar. 19</td><td>175</td><td>72</td><td>12</td><td>-</td><td>53</td><td>36</td><td>277</td><td>625</td><td>18</td><td>46</td><td>385</td><td>26</td><td>234</td><td>709</td><td>543</td></tr><tr><td>Mar. 26</td><td>177</td><td>77</td><td>12</td><td>-</td><td>53</td><td>42</td><td>269</td><td>630</td><td>18</td><td>42</td><td>545</td><td>26</td><td>210</td><td>841</td><td>513</td></tr><tr><td>Apr. 2</td><td>178</td><td>79</td><td>13</td><td>1</td><td>17</td><td>45</td><td>274</td><td>607</td><td>18</td><td>42</td><td>541</td><td>24</td><td>209</td><td>834</td><td>562</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>Mar. 5</td><td>9,537</td><td>24,974</td><td>14,181</td><td>11,321</td><td>5,304</td><td>2,472</td><td>53,104</td><td>120,893</td><td>4,174</td><td>436</td><td>73,160</td><td>22,512</td><td>14,957</td><td>115,239</td><td>6,042</td></tr><tr><td>Mar. 12</td><td>9,295</td><td>29,852</td><td>13,626</td><td>10,608</td><td>5,348</td><td>2,534</td><td>52,051</td><td>123,314</td><td>5,129</td><td>466</td><td>75,862</td><td>22,041</td><td>15,787</td><td>119,885</td><td>6,902</td></tr><tr><td>Mar. 19</td><td>9,377</td><td>29,746</td><td>13,655</td><td>11,348</td><td>5,073</td><td>2,481</td><td>50,892</td><td>122,572</td><td>5,684</td><td>492</td><td>76,682</td><td>20,523</td><td>14,591</td><td>117,972</td><td>6,346</td></tr><tr><td>Mar. 26</td><td>9,329</td><td>30,420</td><td>12,979</td><td>10,504</td><td>5,036</td><td>2,382</td><td>51,223</td><td>121,873</td><td>5,473</td><td>526</td><td>76,397</td><td>19,511</td><td>16,401</td><td>118,308</td><td>6,650</td></tr><tr><td>Apr. 2</td><td>9,456</td><td>29,897</td><td>12,136</td><td>10,584</td><td>5,062</td><td>2,479</td><td>50,003</td><td>119,617</td><td>7,290</td><td>504</td><td>66,295</td><td>20,342</td><td>17,438</td><td>111,869</td><td>6,614</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>Mar. 5</td><td>355</td><td>3,908</td><td>131</td><td>2,985</td><td>1,076</td><td>1</td><td>12,606</td><td>21,062</td><td>1,646</td><td>81</td><td>58,156</td><td>13,138</td><td>8,936</td><td>81,957</td><td>299</td></tr><tr><td>Mar. 12</td><td>207</td><td>3,996</td><td>271</td><td>2,327</td><td>948</td><td>-</td><td>12,288</td><td>20,037</td><td>2,317</td><td>89</td><td>61,180</td><td>13,107</td><td>9,507</td><td>86,200</td><td>901</td></tr><tr><td>Mar. 19</td><td>255</td><td>4,118</td><td>29</td><td>2,927</td><td>790</td><td>1</td><td>11,678</td><td>19,798</td><td>2,746</td><td>113</td><td>63,768</td><td>12,520</td><td>8,190</td><td>87,337</td><td>177</td></tr><tr><td>Mar. 26</td><td>256</td><td>4,763</td><td>31</td><td>2,198</td><td>943</td><td>-</td><td>11,863</td><td>20,054</td><td>2,767</td><td>140</td><td>65,574</td><td>11,554</td><td>9,961</td><td>89,996</td><td>507</td></tr><tr><td>Apr. 2</td><td>415</td><td>4,352</td><td>39</td><td>2,117</td><td>825</td><td>-</td><td>11,119</td><td>18,867</td><td>4,427</td><td>108</td><td>53,921</td><td>11,933</td><td>10,589</td><td>80,978</td><td>143</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>Mar. 5</td><td>450</td><td>5,647</td><td>3,633</td><td>4,430</td><td>493</td><td>31</td><td>4,328</td><td>19,012</td><td>496</td><td>121</td><td>1,721</td><td>1,370</td><td>2,314</td><td>6,022</td><td>627</td></tr><tr><td>Mar. 12</td><td>444</td><td>10,452</td><td>3,043</td><td>4,626</td><td>627</td><td>29</td><td>4,389</td><td>23,610</td><td>567</td><td>116</td><td>1,661</td><td>1,480</td><td>2,360</td><td>6,184</td><td>743</td></tr><tr><td>Mar. 19</td><td>467</td><td>10,262</td><td>3,043</td><td>4,631</td><td>539</td><td>25</td><td>4,331</td><td>23,298</td><td>618</td><td>117</td><td>1,551</td><td>1,337</td><td>2,472</td><td>6,095</td><td>793</td></tr><tr><td>Mar. 26</td><td>463</td><td>10,431</td><td>1,781</td><td>4,767</td><td>487</td><td>22</td><td>4,728</td><td>22,679</td><td>512</td><td>135</td><td>1,606</td><td>1,343</td><td>2,660</td><td>6,256</td><td>824</td></tr><tr><td>Apr. 2</td><td>449</td><td>10,518</td><td>1,600</td><td>4,614</td><td>931</td><td>63</td><td>4,993</td><td>22,968</td><td>575</td><td>159</td><td>2,145</td><td>1,589</td><td>2,425</td><td>6,893</td><td>952</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>Mar. 5</td><td>8,732</td><td>15,419</td><td>10,417</td><td>3,906</td><td>3,735</td><td>2,440</td><td>36,170</td><td>80,819</td><td>2,032</td><td>234</td><td>13,283</td><td>8,004</td><td>3,707</td><td>27,260</td><td>5,086</td></tr><tr><td>Mar. 12</td><td>8,644</td><td>15,404</td><td>10,312</td><td>3,655</td><td>3,773</td><td>2,505</td><td>35,374</td><td>79,667</td><td>2,245</td><td>261</td><td>13,021</td><td>8,094</td><td>3,920</td><td>27,501</td><td>5,258</td></tr><tr><td>Mar. 19</td><td>8,655</td><td>15,366</td><td>10,583</td><td>3,790</td><td>3,744</td><td>2,455</td><td>34,883</td><td>79,476</td><td>2,320</td><td>262</td><td>11,363</td><td>6,666</td><td>3,929</td><td>24,540</td><td>5,376</td></tr><tr><td>Mar. 26</td><td>8,610</td><td>15,226</td><td>11,167</td><td>3,539</td><td>3,606</td><td>2,360</td><td>34,632</td><td>79,140</td><td>2,194</td><td>251</td><td>9,217</td><td>6,614</td><td>3,780</td><td>22,056</td><td>5,319</td></tr><tr><td>Apr. 2</td><td>8,592</td><td>15,027</td><td>10,497</td><td>3,653</td><td>3,706</td><td>2,416</td><td>33,891</td><td>77,782</td><td>2,288</td><td>237</td><td>10,229</td><td>6,820</td><td>4,424</td><td>23,998</td><td>5,519</td></tr></table>
55
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for March 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></tr><tr><td>Mar. 5</td><td>8,491</td><td>167</td><td>55</td><td>114</td><td>1</td><td>12</td><td>297</td><td>25</td><td>623</td><td>294</td><td>1,588</td><td>4,076</td><td>2,095</td><td>357</td><td>367</td><td>724</td><td>8</td></tr><tr><td>Mar. 12</td><td>6,235</td><td>1,299</td><td>56</td><td>71</td><td>5</td><td>6</td><td>2</td><td>4</td><td>1,109</td><td>150</td><td>2,702</td><td>1,673</td><td>988</td><td>204</td><td>555</td><td>819</td><td>53</td></tr><tr><td>Mar. 19</td><td>11,876</td><td>413</td><td>51</td><td>170</td><td>10</td><td>29</td><td>14</td><td>29</td><td>842</td><td>112</td><td>1,670</td><td>6,719</td><td>2,271</td><td>638</td><td>552</td><td>1,190</td><td>26</td></tr><tr><td>Mar. 26</td><td>10,925</td><td>247</td><td>194</td><td>167</td><td>19</td><td>25</td><td>1,506</td><td>15</td><td>1,345</td><td>605</td><td>4,123</td><td>4,684</td><td>1,516</td><td>207</td><td>293</td><td>500</td><td>102</td></tr><tr><td>Apr. 2</td><td>11,031</td><td>217</td><td>76</td><td>187</td><td>12</td><td>20</td><td>134</td><td>25</td><td>1,494</td><td>160</td><td>2,325</td><td>6,358</td><td>1,864</td><td>183</td><td>264</td><td>447</td><td>37</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>Mar. 5</td><td>2,515</td><td>47</td><td>18</td><td>10</td><td>-</td><td>10</td><td>268</td><td>6</td><td>503</td><td>141</td><td>1,003</td><td>147</td><td>969</td><td>68</td><td>326</td><td>394</td><td>2</td></tr><tr><td>Mar. 12</td><td>2,146</td><td>228</td><td>14</td><td>51</td><td>3</td><td>-</td><td>2</td><td>2</td><td>417</td><td>114</td><td>831</td><td>300</td><td>556</td><td>13</td><td>425</td><td>438</td><td>21</td></tr><tr><td>Mar. 19</td><td>2,830</td><td>125</td><td>13</td><td>134</td><td>4</td><td>14</td><td>13</td><td>26</td><td>650</td><td>80</td><td>1,059</td><td>472</td><td>792</td><td>2</td><td>491</td><td>493</td><td>14</td></tr><tr><td>Mar. 26</td><td>3,645</td><td>11</td><td>41</td><td>29</td><td>-</td><td>10</td><td>1,455</td><td>6</td><td>981</td><td>162</td><td>2,695</td><td>364</td><td>351</td><td>-</td><td>193</td><td>193</td><td>42</td></tr><tr><td>Apr. 2</td><td>2,592</td><td>63</td><td>49</td><td>66</td><td>6</td><td>9</td><td>127</td><td>8</td><td>1,100</td><td>112</td><td>1,540</td><td>396</td><td>535</td><td>5</td><td>106</td><td>111</td><td>10</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>Mar. 5</td><td>4,158</td><td>19</td><td>14</td><td>11</td><td>1</td><td>1</td><td>28</td><td>5</td><td>104</td><td>1</td><td>184</td><td>3,731</td><td>216</td><td>-</td><td>26</td><td>26</td><td>1</td></tr><tr><td>Mar. 12</td><td>3,058</td><td>1,068</td><td>5</td><td>3</td><td>-</td><td>5</td><td>-</td><td>-</td><td>599</td><td>-</td><td>1,680</td><td>1,319</td><td>53</td><td>-</td><td>3</td><td>3</td><td>3</td></tr><tr><td>Mar. 19</td><td>7,721</td><td>279</td><td>11</td><td>-</td><td>5</td><td>11</td><td>1</td><td>1</td><td>162</td><td>5</td><td>475</td><td>6,105</td><td>1,105</td><td>-</td><td>35</td><td>35</td><td>1</td></tr><tr><td>Mar. 26</td><td>5,789</td><td>185</td><td>131</td><td>-</td><td>7</td><td>10</td><td>51</td><td>7</td><td>338</td><td>221</td><td>950</td><td>4,186</td><td>608</td><td>-</td><td>35</td><td>35</td><td>10</td></tr><tr><td>Apr. 2</td><td>6,731</td><td>96</td><td>23</td><td>-</td><td>6</td><td>9</td><td>7</td><td>17</td><td>380</td><td>5</td><td>543</td><td>5,691</td><td>370</td><td>-</td><td>115</td><td>115</td><td>12</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>Mar. 5</td><td>1,618</td><td>101</td><td>23</td><td>93</td><td>-</td><td>1</td><td>1</td><td>14</td><td>16</td><td>152</td><td>401</td><td>198</td><td>910</td><td>289</td><td>15</td><td>304</td><td>5</td></tr><tr><td>Mar. 12</td><td>1,031</td><td>3</td><td>37</td><td>17</td><td>2</td><td>1</td><td>-</td><td>2</td><td>93</td><td>36</td><td>191</td><td>54</td><td>379</td><td>251</td><td>127</td><td>378</td><td>29</td></tr><tr><td>Mar. 19</td><td>1,325</td><td>9</td><td>27</td><td>36</td><td>1</td><td>4</td><td>-</td><td>2</td><td>30</td><td>27</td><td>136</td><td>142</td><td>374</td><td>636</td><td>26</td><td>662</td><td>11</td></tr><tr><td>Mar. 26</td><td>1,491</td><td>51</td><td>22</td><td>138</td><td>12</td><td>5</td><td>-</td><td>2</td><td>26</td><td>222</td><td>478</td><td>134</td><td>557</td><td>207</td><td>66</td><td>272</td><td>50</td></tr><tr><td>Apr. 2</td><td>1,708</td><td>58</td><td>4</td><td>121</td><td>-</td><td>2</td><td>-</td><td>-</td><td>14</td><td>43</td><td>242</td><td>271</td><td>959</td><td>178</td><td>43</td><td>221</td><td>15</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES FOR FOREIGN ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>7,522</td><td>883</td><td>87</td><td>122</td><td>13</td><td>14</td><td>110</td><td>26</td><td>1,511</td><td>153</td><td>2,918</td><td>2,992</td><td>1,117</td><td>55</td><td>373</td><td>428</td><td>67</td></tr><tr><td>Mar. 12</td><td>9,547</td><td>790</td><td>97</td><td>52</td><td>10</td><td>45</td><td>9</td><td>9</td><td>2,296</td><td>109</td><td>3,417</td><td>4,434</td><td>1,242</td><td>10</td><td>314</td><td>324</td><td>130</td></tr><tr><td>Mar. 19</td><td>12,393</td><td>712</td><td>77</td><td>43</td><td>24</td><td>40</td><td>8</td><td>46</td><td>2,060</td><td>129</td><td>3,139</td><td>6,601</td><td>2,386</td><td>5</td><td>211</td><td>216</td><td>51</td></tr><tr><td>Mar. 26</td><td>10,896</td><td>448</td><td>55</td><td>19</td><td>8</td><td>14</td><td>95</td><td>42</td><td>1,625</td><td>150</td><td>2,456</td><td>6,222</td><td>1,627</td><td>3</td><td>547</td><td>550</td><td>41</td></tr><tr><td>Apr. 2</td><td>13,790</td><td>377</td><td>43</td><td>3</td><td>6</td><td>19</td><td>20</td><td>18</td><td>2,761</td><td>67</td><td>3,314</td><td>5,151</td><td>5,044</td><td>3</td><td>267</td><td>270</td><td>11</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>Mar. 5</td><td>3,235</td><td>195</td><td>28</td><td>98</td><td>10</td><td>11</td><td>92</td><td>19</td><td>1,153</td><td>144</td><td>1,750</td><td>710</td><td>531</td><td>19</td><td>172</td><td>191</td><td>57</td></tr><tr><td>Mar. 12</td><td>4,967</td><td>280</td><td>63</td><td>39</td><td>10</td><td>6</td><td>4</td><td>8</td><td>1,543</td><td>46</td><td>1,999</td><td>1,961</td><td>754</td><td>2</td><td>207</td><td>209</td><td>44</td></tr><tr><td>Mar. 19</td><td>5,245</td><td>277</td><td>47</td><td>42</td><td>11</td><td>11</td><td>7</td><td>43</td><td>1,402</td><td>126</td><td>1,966</td><td>2,142</td><td>951</td><td>-</td><td>158</td><td>158</td><td>28</td></tr><tr><td>Mar. 26</td><td>4,212</td><td>229</td><td>11</td><td>19</td><td>8</td><td>8</td><td>88</td><td>28</td><td>820</td><td>133</td><td>1,344</td><td>1,170</td><td>1,314</td><td>-</td><td>346</td><td>346</td><td>38</td></tr><tr><td>Apr. 2</td><td>3,753</td><td>97</td><td>5</td><td>2</td><td>3</td><td>3</td><td>9</td><td>3</td><td>2,128</td><td>36</td><td>2,286</td><td>639</td><td>697</td><td>-</td><td>126</td><td>126</td><td>5</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>Mar. 5</td><td>3,672</td><td>631</td><td>59</td><td>9</td><td>3</td><td>3</td><td>18</td><td>3</td><td>223</td><td>4</td><td>953</td><td>2,092</td><td>413</td><td>5</td><td>201</td><td>206</td><td>8</td></tr><tr><td>Mar. 12</td><td>3,711</td><td>428</td><td>33</td><td>10</td><td>-</td><td>5</td><td>5</td><td>1</td><td>479</td><td>44</td><td>1,005</td><td>2,266</td><td>290</td><td>-</td><td>89</td><td>89</td><td>61</td></tr><tr><td>Mar. 19</td><td>6,572</td><td>279</td><td>30</td><td>-</td><td>13</td><td>19</td><td>-</td><td>2</td><td>587</td><td>-</td><td>930</td><td>4,370</td><td>1,229</td><td>-</td><td>27</td><td>27</td><td>16</td></tr><tr><td>Mar. 26</td><td>6,170</td><td>130</td><td>37</td><td>-</td><td>-</td><td>6</td><td>5</td><td>12</td><td>600</td><td>5</td><td>795</td><td>5,021</td><td>156</td><td>-</td><td>195</td><td>195</td><td>3</td></tr><tr><td>Apr. 2</td><td>5,329</td><td>138</td><td>36</td><td>1</td><td>3</td><td>16</td><td>11</td><td>15</td><td>440</td><td>31</td><td>691</td><td>4,362</td><td>147</td><td>-</td><td>125</td><td>125</td><td>4</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>Mar. 5</td><td>611</td><td>57</td><td>-</td><td>14</td><td>-</td><td>-</td><td>-</td><td>4</td><td>135</td><td>5</td><td>215</td><td>190</td><td>173</td><td>31</td><td>-</td><td>31</td><td>2</td></tr><tr><td>Mar. 12</td><td>869</td><td>82</td><td>1</td><td>3</td><td>-</td><td>34</td><td>-</td><td>-</td><td>274</td><td>19</td><td>413</td><td>207</td><td>198</td><td>8</td><td>18</td><td>26</td><td>25</td></tr><tr><td>Mar. 19</td><td>576</td><td>156</td><td>1</td><td>1</td><td>-</td><td>10</td><td>1</td><td>1</td><td>71</td><td>3</td><td>243</td><td>89</td><td>206</td><td>5</td><td>26</td><td>31</td><td>7</td></tr><tr><td>Mar. 26</td><td>514</td><td>89</td><td>7</td><td>-</td><td>-</td><td>-</td><td>2</td><td>2</td><td>205</td><td>12</td><td>317</td><td>31</td><td>157</td><td>3</td><td>6</td><td>9</td><td>-</td></tr><tr><td>Apr. 2</td><td>4,708</td><td>142</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>193</td><td>-</td><td>337</td><td>150</td><td>4,200</td><td>3</td><td>16</td><td>19</td><td>2</td></tr><tr><td>TOTAL PURCHASES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>403</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>395</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Mar. 12</td><td>282</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>280</td><td>-</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Mar. 19</td><td>524</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>509</td><td>-</td><td>-</td><td>15</td><td>15</td><td>-</td></tr><tr><td>Mar. 26</td><td>759</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>752</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Apr. 2</td><td>650</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>12</td><td>621</td><td>10</td><td>-</td><td>7</td><td>7</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>Mar. 5</td><td>5</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</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>Mar. 19</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>Mar. 26</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>9</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>69</td><td>-</td><td>-</td><td>-</td><td>-</td
(Continued on following page)
56
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for March 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SALES EXECUTED ABROAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5.</td><td>406</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>11</td><td>-</td><td>12</td><td>381</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12.</td><td>355</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>24</td><td>313</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19.</td><td>666</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>18</td><td>643</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26.</td><td>798</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>15</td><td>776</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2.</td><td>525</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>517</td><td>8</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>Mar. 5.</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12.</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19.</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26.</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>Apr. 2.</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>Mar. 5.</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12.</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>Mar. 19.</td><td>46</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>46</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26.</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2.</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</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>Mar. 5.</td><td>395</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>11</td><td>-</td><td>12</td><td>370</td><td>13</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12.</td><td>313</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>24</td><td>271</td><td>18</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19.</td><td>604</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>18</td><td>581</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26.</td><td>751</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>15</td><td>739</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2.</td><td>486</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>478</td><td>8</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 March 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>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Foreign debit balances: (due from abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>26,296</td><td>1,732</td><td>1,301</td><td>432</td><td>23</td><td>46</td><td>551</td><td>263</td><td>1,031</td><td>1,363</td><td>6,742</td><td>10,255</td><td>6,536</td><td>93</td><td>2,398</td><td>2,491</td><td>272</td></tr><tr><td>Mar. 12</td><td>26,545</td><td>2,092</td><td>1,258</td><td>528</td><td>20</td><td>42</td><td>543</td><td>258</td><td>1,059</td><td>1,393</td><td>7,203</td><td>10,267</td><td>6,301</td><td>93</td><td>2,405</td><td>2,498</td><td>276</td></tr><tr><td>Mar. 19</td><td>26,045</td><td>2,086</td><td>1,233</td><td>549</td><td>21</td><td>43</td><td>540</td><td>260</td><td>959</td><td>1,405</td><td>7,096</td><td>10,075</td><td>6,117</td><td>90</td><td>2,404</td><td>2,494</td><td>253</td></tr><tr><td>Mar. 26</td><td>27,234</td><td>1,714</td><td>1,637</td><td>531</td><td>22</td><td>44</td><td>616</td><td>254</td><td>1,051</td><td>1,388</td><td>7,257</td><td>10,894</td><td>6,443</td><td>92</td><td>2,277</td><td>2,369</td><td>271</td></tr><tr><td>Apr. 2</td><td>27,078</td><td>2,087</td><td>1,452</td><td>524</td><td>20</td><td>35</td><td>545</td><td>259</td><td>1,047</td><td>1,371</td><td>7,340</td><td>10,517</td><td>6,581</td><td>89</td><td>2,326</td><td>2,415</td><td>225</td></tr><tr><td>Foreign credit balances: (due to abroad)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>45,712</td><td>2,816</td><td>6,619</td><td>1,334</td><td>40</td><td>34</td><td>7,878</td><td>112</td><td>9,659</td><td>2,076</td><td>30,568</td><td>1,697</td><td>10,351</td><td>126</td><td>2,166</td><td>2,292</td><td>804</td></tr><tr><td>Mar. 12</td><td>46,273</td><td>2,643</td><td>6,527</td><td>1,321</td><td>39</td><td>33</td><td>8,177</td><td>113</td><td>9,701</td><td>1,948</td><td>30,602</td><td>1,909</td><td>10,668</td><td>124</td><td>2,077</td><td>2,201</td><td>893</td></tr><tr><td>Mar. 19</td><td>47,231</td><td>2,590</td><td>6,682</td><td>1,325</td><td>40</td><td>33</td><td>8,166</td><td>113</td><td>9,734</td><td>1,758</td><td>30,441</td><td>2,054</td><td>11,511</td><td>137</td><td>2,200</td><td>2,337</td><td>888</td></tr><tr><td>Mar. 26</td><td>45,898</td><td>2,596</td><td>6,265</td><td>1,006</td><td>42</td><td>32</td><td>8,064</td><td>114</td><td>10,371</td><td>1,723</td><td>30,213</td><td>1,732</td><td>10,655</td><td>137</td><td>2,267</td><td>2,404</td><td>894</td></tr><tr><td>Apr. 2</td><td>45,782</td><td>2,760</td><td>6,154</td><td>1,045</td><td>38</td><td>39</td><td>8,129</td><td>100</td><td>10,375</td><td>1,180</td><td>29,820</td><td>1,975</td><td>10,683</td><td>134</td><td>2,265</td><td>2,399</td><td>905</td></tr></table>
57
Security Transactions in Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for March 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>Mar. 5</td><td>183</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>2</td><td>129</td><td>52</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</td><td>282</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>6</td><td>245</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>427</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>5</td><td>387</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>392</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>360</td><td>32</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>425</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>4</td><td>345</td><td>76</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></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>Mar. 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></tr><tr><td>Mar. 12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</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><td>-</td></tr><tr><td>Mar. 26</td><td>4</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>2</td><td>2</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><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>Mar. 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></tr><tr><td>Mar. 12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>2</td><td>2</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><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>Mar. 5</td><td>183</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>2</td><td>129</td><td>52</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</td><td>282</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>6</td><td>245</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>427</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>5</td><td>387</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>390</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>360</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>419</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>342</td><td>76</td><td>-</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>Mar. 5</td><td>141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</td><td>337</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>333</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>492</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>11</td><td>481</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>317</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>316</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>370</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>364</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>2</td><td>2</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><td>-</td></tr><tr><td>Mar. 12</td><td>2</td><td>2</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><td>-</td></tr><tr><td>Mar. 19</td><td>2</td><td>2</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><td>-</td></tr><tr><td>Mar. 26</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>Apr. 2</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>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>Mar. 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></tr><tr><td>Mar. 12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>3</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>Mar. 5</td><td>141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>141</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 12</td><td>335</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>333</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 19</td><td>487</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>481</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 26</td><td>316</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>316</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 2</td><td>365</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>364</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
58
Foreign Purchases and Sales of Domestic Securities
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th><th>Transactions during week ended:</th><th>Total purchases</th><th>Total sales</th><th>Net purchases or sales (-)</th></tr><tr><td>1938-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>21,004</td><td>-1,134</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>16,784</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>3,825</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>2,244</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>13,604</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>14,648</td><td>20,852</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>17,464</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>45,644</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>Feb. 5.....</td><td>8,148</td><td>12,174</td><td>-4,026</td><td>1940-Jan. 3.....</td><td>11,269</td><td>7,169</td><td>4,100</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>11,438</td><td>-340</td><td>12.....</td><td>4,674</td><td>6,842</td><td>-2,168</td></tr><tr><td>14.....</td><td>20,646</td><td>28,398</td><td>-7,752</td><td>17.....</td><td>15,309</td><td>21,266</td><td>-5,957</td><td>19.....</td><td>5,651</td><td>8,052</td><td>-2,401</td></tr><tr><td>21.....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>24.....</td><td>9,969</td><td>13,686</td><td>-3,717</td><td>26.....</td><td>7,915</td><td>10,579</td><td>-2,664</td></tr><tr><td>28.....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>31.....</td><td>9,192</td><td>10,056</td><td>-864</td><td>Mar. 5.....</td><td>6,684</td><td>6,923</td><td>-239</td></tr><tr><td>1939-Jan. 4.....</td><td>25,529</td><td>24,960</td><td>569</td><td>Feb. 7.....</td><td>9,307</td><td>10,094</td><td>-787</td><td>12.....</td><td>5,246</td><td>8,699</td><td>-3,453</td></tr><tr><td>11.....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>14.....</td><td>11,506</td><td>11,024</td><td>482</td><td>19.....</td><td>10,613</td><td>11,900</td><td>-1,287</td></tr><tr><td>18.....</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>21.....</td><td>13,462</td><td>12,194</td><td>1,268</td><td>26.....</td><td>9,473</td><td>10,424</td><td>-951</td></tr><tr><td>25.....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>28.....</td><td>14,835</td><td>13,520</td><td>1,315</td><td>Apr. 2.....</td><td>9,368</td><td>9,150</td><td>218</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
59
60
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers in the United States for March 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><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>Mar. 5 Spot</td><td>14,224</td><td>4,358</td><td>276</td><td>9</td><td>136</td><td>535</td><td>11</td><td>430</td><td>2,074</td><td>181</td><td>8,010</td><td>1,978</td><td>766</td><td>1,750</td><td>805</td><td>2,555</td><td>915</td></tr><tr><td>Mar. 5 Forward</td><td>1,852</td><td>2,612</td><td>2</td><td>33</td><td>1</td><td>1</td><td>-</td><td>-</td><td>13</td><td>-</td><td>2,662</td><td>446</td><td>61</td><td>300</td><td>383</td><td>683</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>12,946</td><td>4,769</td><td>116</td><td>59</td><td>147</td><td>713</td><td>26</td><td>84</td><td>1,959</td><td>270</td><td>8,143</td><td>1,165</td><td>784</td><td>998</td><td>1,069</td><td>2,067</td><td>787</td></tr><tr><td>Mar. 12 Forward</td><td>4,502</td><td>2,488</td><td>23</td><td>-</td><td>1</td><td>1</td><td>26</td><td>-</td><td>-</td><td>-</td><td>2,539</td><td>989</td><td>69</td><td>729</td><td>176</td><td>905</td><td>-</td></tr><tr><td>Mar. 19 Spot</td><td>15,051</td><td>5,334</td><td>196</td><td>1</td><td>118</td><td>522</td><td>2</td><td>228</td><td>1,260</td><td>200</td><td>7,861</td><td>1,749</td><td>674</td><td>2,190</td><td>980</td><td>3,170</td><td>1,597</td></tr><tr><td>Mar. 19 Forward</td><td>4,543</td><td>2,193</td><td>8</td><td>1</td><td>-</td><td>20</td><td>-</td><td>2</td><td>4</td><td>2</td><td>2,230</td><td>1,591</td><td>95</td><td>532</td><td>95</td><td>627</td><td>-</td></tr><tr><td>Mar. 26 Spot</td><td>13,373</td><td>4,383</td><td>144</td><td>2</td><td>131</td><td>852</td><td>15</td><td>205</td><td>3,115</td><td>117</td><td>8,964</td><td>1,094</td><td>366</td><td>1,225</td><td>897</td><td>2,122</td><td>827</td></tr><tr><td>Mar. 26 Forward</td><td>1,191</td><td>757</td><td>1</td><td>-</td><td>3</td><td>10</td><td>1</td><td>-</td><td>83</td><td>-</td><td>854</td><td>54</td><td>1</td><td>97</td><td>185</td><td>282</td><td>-</td></tr><tr><td>Apr. 2 Spot</td><td>16,276</td><td>5,648</td><td>99</td><td>14</td><td>122</td><td>979</td><td>6</td><td>459</td><td>2,523</td><td>160</td><td>10,010</td><td>2,506</td><td>464</td><td>1,103</td><td>1,523</td><td>2,626</td><td>670</td></tr><tr><td>Apr. 2 Forward</td><td>4,482</td><td>2,177</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>40</td><td>-</td><td>2,233</td><td>1,487</td><td>83</td><td>379</td><td>300</td><td>679</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>Mar. 5 Spot</td><td>9,718</td><td>2,689</td><td>88</td><td>9</td><td>97</td><td>440</td><td>4</td><td>413</td><td>2,004</td><td>101</td><td>5,845</td><td>1,045</td><td>603</td><td>1,416</td><td>730</td><td>2,146</td><td>79</td></tr><tr><td>Mar. 5 Forward</td><td>2,706</td><td>1,999</td><td>2</td><td>-</td><td>1</td><td>1</td><td>-</td><td>-</td><td>13</td><td>-</td><td>2,016</td><td>220</td><td>52</td><td>35</td><td>383</td><td>418</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>9,548</td><td>3,585</td><td>40</td><td>57</td><td>108</td><td>484</td><td>7</td><td>57</td><td>1,749</td><td>220</td><td>6,307</td><td>560</td><td>657</td><td>867</td><td>1,044</td><td>1,911</td><td>113</td></tr><tr><td>Mar. 12 Forward</td><td>2,715</td><td>1,329</td><td>23</td><td>-</td><td>1</td><td>1</td><td>26</td><td>-</td><td>-</td><td>-</td><td>1,380</td><td>989</td><td>-</td><td>170</td><td>176</td><td>346</td><td>-</td></tr><tr><td>Mar. 19 Spot</td><td>10,543</td><td>3,741</td><td>26</td><td>-</td><td>106</td><td>450</td><td>-</td><td>218</td><td>1,165</td><td>180</td><td>5,886</td><td>1,031</td><td>570</td><td>1,952</td><td>853</td><td>2,805</td><td>251</td></tr><tr><td>Mar. 19 Forward</td><td>2,730</td><td>634</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>2</td><td>-</td><td>2</td><td>658</td><td>1,589</td><td>95</td><td>293</td><td>95</td><td>388</td><td>-</td></tr><tr><td>Mar. 26 Spot</td><td>9,122</td><td>2,520</td><td>91</td><td>-</td><td>128</td><td>735</td><td>7</td><td>185</td><td>3,018</td><td>97</td><td>6,781</td><td>664</td><td>279</td><td>504</td><td>856</td><td>1,360</td><td>38</td></tr><tr><td>Mar. 26 Forward</td><td>1,175</td><td>746</td><td>1</td><td>-</td><td>3</td><td>9</td><td>-</td><td>83</td><td>-</td><td>-</td><td>842</td><td>50</td><td>1</td><td>97</td><td>185</td><td>282</td><td>-</td></tr><tr><td>Apr. 2 Spot</td><td>12,533</td><td>4,284</td><td>44</td><td>14</td><td>88</td><td>867</td><td>6</td><td>441</td><td>2,460</td><td>85</td><td>8,289</td><td>1,498</td><td>333</td><td>839</td><td>1,450</td><td>2,289</td><td>124</td></tr><tr><td>Apr. 2 Forward</td><td>3,192</td><td>1,092</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>-</td><td>40</td><td>-</td><td>1,148</td><td>1,451</td><td>14</td><td>279</td><td>300</td><td>579</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>Mar. 5 Spot</td><td>4,506</td><td>1,669</td><td>188</td><td>-</td><td>39</td><td>95</td><td>7</td><td>17</td><td>70</td><td>80</td><td>2,165</td><td>933</td><td>163</td><td>334</td><td>75</td><td>409</td><td>836</td></tr><tr><td>Mar. 5 Forward</td><td>1,146</td><td>613</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>646</td><td>286</td><td>9</td><td>265</td><td>-</td><td>265</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>3,398</td><td>1,184</td><td>76</td><td>2</td><td>39</td><td>229</td><td>19</td><td>27</td><td>210</td><td>50</td><td>1,836</td><td>605</td><td>127</td><td>131</td><td>25</td><td>156</td><td>674</td></tr><tr><td>Mar. 12 Forward</td><td>1,787</td><td>1,159</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,159</td><td>-</td><td>69</td><td>559</td><td>-</td><td>559</td><td>-</td></tr><tr><td>Mar. 19 Spot</td><td>4,508</td><td>1,593</td><td>170</td><td>1</td><td>12</td><td>72</td><td>2</td><td>10</td><td>95</td><td>20</td><td>1,975</td><td>718</td><td>104</td><td>238</td><td>127</td><td>365</td><td>1,346</td></tr><tr><td>Mar. 19 Forward</td><td>1,813</td><td>1,559</td><td>8</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>1,572</td><td>2</td><td>-</td><td>239</td><td>-</td><td>239</td><td>-</td></tr><tr><td>Mar. 26 Spot</td><td>4,251</td><td>1,863</td><td>53</td><td>2</td><td>3</td><td>117</td><td>8</td><td>20</td><td>97</td><td>20</td><td>2,183</td><td>430</td><td>87</td><td>721</td><td>41</td><td>762</td><td>789</td></tr><tr><td>Mar. 26 Forward</td><td>16</td><td>11</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>18</td><td>63</td><td>75</td><td>121</td><td>4</td><td>131</td><td>264</td><td>73</td><td>337</td><td>546</td></tr><tr><td>Apr. 2 Spot</td><td>3,743</td><td>1,364</td><td>55</td><td>-</td><td>34</td><td>112</td><td>-</td><td>18</td><td>-</td><td>-</td><td>1,721</td><td>1,008</td><td>131</td><td>264</td><td>73</td><td>337</td><td>546</td></tr><tr><td>Apr. 2 Forward</td><td>1,290</td><td>1,085</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,085</td><td>36</td><td>69</td><td>100</td><td>-</td><td>100</td><td>-</td></tr><tr><td><b>TOTAL SALES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5 Spot</td><td>14,206</td><td>5,086</td><td>173</td><td>5</td><td>130</td><td>552</td><td>21</td><td>351</td><td>2,174</td><td>183</td><td>8,675</td><td>1,886</td><td>692</td><td>1,425</td><td>1,101</td><td>2,526</td><td>427</td></tr><tr><td>Mar. 5 Forward</td><td>3,437</td><td>2,552</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>24</td><td>-</td><td>-</td><td>2,576</td><td>469</td><td>72</td><td>281</td><td>39</td><td>320</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>13,134</td><td>5,295</td><td>198</td><td>5</td><td>149</td><td>694</td><td>35</td><td>96</td><td>1,874</td><td>261</td><td>8,607</td><td>1,084</td><td>760</td><td>1,113</td><td>1,121</td><td>2,234</td><td>449</td></tr><tr><td>Mar. 12 Forward</td><td>3,325</td><td>2,131</td><td>-</td><td>5</td><td>131</td><td>560</td><td>26</td><td>273</td><td>1,427</td><td>153</td><td>8,874</td><td>1,576</td><td>742</td><td>1,257</td><td>907</td><td>2,164</td><td>1,025</td></tr><tr><td>Mar. 19 Spot</td><td>14,381</td><td>6,075</td><td>211</td><td>41</td><td>131</td><td>560</td><td>3</td><td>273</td><td>1,427</td><td>153</td><td>8,874</td><td>1,576</td><td>742</td><td>1,257</td><td>907</td><td>2,164</td><td>1,025</td></tr><tr><td>Mar. 19 Forward</td><td>5,526</td><td>2,295</td><td>5</td><td>41</td><td>131</td><td>560</td><td>3</td><td>273</td><td>1,427</td><td>153</td><td>8,874</td><td>1,576</td><td>742</td><td>1,257</td><td>907</td><td>2,164</td><td>1,025</td></tr><tr><td>Mar. 26 Spot</td><td>14,063</td><td>5,562</td><td>76</td><td>31</td><td>148</td><td>847</td><td>16</td><td>187</td><td>3,331</td><td>129</td><td>10,327</td><td>1,205</td><td>366</td><td>798</td><td>1,118</td><td>1,916</td><td>249</td></tr><tr><td>Mar. 26 Forward</td><td>493</td><td>59</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>187</td><td>179</td><td>-</td><td>59</td><td>10</td><td>63</td><td>361</td><td>-</td><td>361</td><td>-</td></tr><tr><td>Apr. 2 Spot</td><td>16,387</td><td>5,640</td><td>117</td><td>16</td><td>114</td><td>1,014</td><td>10</td><td>488</td><td>2,482</td><td>179</td><td>10,060</td><td>2,422</td><td>560</td><td>893</td><td>1,910</td><td>2,803</td><td>542</td></tr><tr><td>Apr. 2 Forward</td><td>4,888</td><td>2,272</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,272</td><td>1,568</td><td>97</td><td>943</td><td>8</td><td>951</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>Mar. 5 Spot</td><td>5,063</td><td>1,573</td><td>56</td><td>2</td><td>33</td><td>277</td><td>3</td><td>249</td><td>678</td><td>85</td><td>2,956</td><td>892</td><td>259</td><td>273</td><td>376</td><td>649</td><td>307</td></tr><tr><td>Mar. 5 Forward</td><td>1,183</td><td>612</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>636</td><td>315</td><td>5</td><td>226</td><td>1</td><td>227</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>4,459</td><td>1,425</td><td>48</td><td>-</td><td>53</td><td>318</td><td>2</td><td>61</td><td>819</td><td>145</td><td>2,871</td><td>535</td><td>296</td><td>360</td><td>70</td><td>430</td><td>327</td></tr><tr><td>Mar. 12 Forward</td><td>1,294</td><td>1,159</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,159</td><td>34</td><td>79</td><td>4</td><td>18</td><td>22</td><td>-</td></tr><tr><td>Mar. 19 Spot</td><td>6,174</td><td>2,338</td><td>8</td><td>1</td><td>32</td><td>223</td><td>-</td><td>21</td><td>884</td><td>79</td><td>3,586</td><td>878</td><td>224</td><td>490</td><td>124</td><td>614</td><td>872</td></tr><tr><td>Mar. 19 Forward</td><td>2,786</td><td>1,559</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,559</td><td>51</td><td>45</td><td>1,125</td><td>6</td><td>1,131</td><td>-</td></tr><tr><td>Mar. 26 Spot</td><td>5,669</td><td>1,303</td><td>27</td><td>30</td><td>41</td><td>463</td><td>14</td><td>44</td><td>2,416</td><td>15</td><td>4,353</td><td>641</td><td>197</td><td>180</td><td>102</td><td>282</td><td>196</td></tr><tr><td>Mar. 26 Forward</td><td>383</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>10</td><td>3</td><td>360</td><td>-</td><td>360</td><td>-</td></tr><tr><td>Apr. 2 Spot</td><td>6,507</td><td>1,658</td><td>11</td><td>12</td><td>40</td><td>514</td><td>1</td><td>204</td><td>1,544</td><td>82</td><td>4,066</td><td>1,451</td><td>180</td><td>87</td><td>339</td><td>426</td><td>384</td></tr><tr><td>Apr. 2 Forward</td><td>1,872</td><td>1,144</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,144</td><td>241</td><td>94</td><td>388</td><td>5</td><td>393</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>Mar. 5 Spot</td><td>9,143</td><td>3,513</td><td>117</td><td>3</td><td>97</td><td>275</td><td>18</td><td>102</td><td>1,496</td><td>98</td><td>5,719</td><td>994</td><td>433</td><td>1,152</td><td>725</td><td>1,877</td><td>120</td></tr><tr><td>Mar. 5 Forward</td><td>2,254</td><td>1,940</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,940</td><td>154</td><td>67</td><td>55</td><td>38</td><td>93</td><td>-</td></tr><tr><td>Mar. 12 Spot</td><td>8,675</td><td>3,870</td><td>150</td><td>5</td><td>96</td><td>376</td><td>33</td><td>35</td><td>1,055</td><td>116
61
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during March 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>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 5</td><td>26,255</td><td>13,702</td><td>236</td><td>627</td><td>-</td><td>6</td><td>512</td><td>-</td><td>26</td><td>7</td><td>15,116</td><td>6,208</td><td>1,568</td><td>2,287</td><td>1,076</td><td>3,363</td><td>-</td></tr><tr><td>Mar. 12</td><td>29,530</td><td>15,496</td><td>163</td><td>624</td><td>-</td><td>6</td><td>460</td><td>-</td><td>13</td><td>3</td><td>16,765</td><td>7,163</td><td>1,044</td><td>2,706</td><td>1,252</td><td>3,958</td><td>-</td></tr><tr><td>Mar. 19</td><td>31,363</td><td>16,432</td><td>162</td><td>590</td><td>-</td><td>12</td><td>461</td><td>2</td><td>17</td><td>5</td><td>17,681</td><td>8,085</td><td>1,673</td><td>2,676</td><td>1,248</td><td>3,924</td><td>-</td></tr><tr><td>Mar. 26</td><td>30,455</td><td>16,965</td><td>162</td><td>560</td><td>1</td><td>6</td><td>460</td><td>-</td><td>100</td><td>3</td><td>18,257</td><td>7,868</td><td>1,048</td><td>1,245</td><td>1,437</td><td>2,682</td><td>-</td></tr><tr><td>Apr. 2</td><td>32,468</td><td>18,222</td><td>161</td><td>560</td><td>-</td><td>6</td><td>460</td><td>-</td><td>70</td><td>4</td><td>19,483</td><td>9,182</td><td>1,706</td><td>1,206</td><td>891</td><td>2,097</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>Mar. 5</td><td>13,179</td><td>6,098</td><td>62</td><td>314</td><td>-</td><td>1</td><td>221</td><td>-</td><td>7</td><td>-</td><td>6,703</td><td>3,217</td><td>1,259</td><td>940</td><td>1,060</td><td>2,000</td><td>-</td></tr><tr><td>Mar. 12</td><td>14,991</td><td>6,815</td><td>26</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>7</td><td>-</td><td>7,381</td><td>4,193</td><td>1,259</td><td>940</td><td>1,218</td><td>2,158</td><td>-</td></tr><tr><td>Mar. 19</td><td>16,102</td><td>6,625</td><td>26</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>7</td><td>-</td><td>7,191</td><td>5,327</td><td>1,354</td><td>1,022</td><td>1,208</td><td>2,230</td><td>-</td></tr><tr><td>Mar. 26</td><td>16,004</td><td>7,107</td><td>26</td><td>314</td><td>1</td><td>1</td><td>218</td><td>-</td><td>21</td><td>-</td><td>7,688</td><td>5,150</td><td>1,340</td><td>422</td><td>1,404</td><td>1,826</td><td>-</td></tr><tr><td>Apr. 2</td><td>17,072</td><td>7,557</td><td>26</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>21</td><td>-</td><td>8,137</td><td>6,251</td><td>1,315</td><td>493</td><td>876</td><td>1,369</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>Mar. 5</td><td>13,076</td><td>7,604</td><td>174</td><td>313</td><td>-</td><td>5</td><td>291</td><td>-</td><td>19</td><td>7</td><td>8,413</td><td>2,991</td><td>309</td><td>1,347</td><td>16</td><td>1,363</td><td>-</td></tr><tr><td>Mar. 12</td><td>14,539</td><td>8,681</td><td>137</td><td>310</td><td>-</td><td>5</td><td>242</td><td>-</td><td>6</td><td>3</td><td>9,384</td><td>2,970</td><td>385</td><td>1,766</td><td>34</td><td>1,800</td><td>-</td></tr><tr><td>Mar. 19</td><td>15,261</td><td>9,807</td><td>135</td><td>276</td><td>-</td><td>11</td><td>243</td><td>2</td><td>10</td><td>5</td><td>10,490</td><td>2,758</td><td>319</td><td>1,654</td><td>40</td><td>1,694</td><td>-</td></tr><tr><td>Mar. 26</td><td>14,451</td><td>9,858</td><td>136</td><td>246</td><td>-</td><td>5</td><td>242</td><td>-</td><td>79</td><td>3</td><td>10,569</td><td>2,718</td><td>306</td><td>823</td><td>33</td><td>856</td><td>-</td></tr><tr><td>Apr. 2</td><td>15,396</td><td>10,665</td><td>135</td><td>246</td><td>-</td><td>5</td><td>242</td><td>-</td><td>49</td><td>4</td><td>11,346</td><td>2,931</td><td>391</td><td>713</td><td>15</td><td>728</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>Mar. 5</td><td>29,344</td><td>14,693</td><td>128</td><td>833</td><td>-</td><td>27</td><td>1,237</td><td>38</td><td>6</td><td>4</td><td>16,966</td><td>6,303</td><td>1,372</td><td>4,822</td><td>375</td><td>5,197</td><td>6</td></tr><tr><td>Mar. 12</td><td>31,422</td><td>16,040</td><td>105</td><td>775</td><td>-</td><td>27</td><td>1,211</td><td>38</td><td>-</td><td>5</td><td>18,201</td><td>7,294</td><td>1,463</td><td>4,048</td><td>416</td><td>4,464</td><td>-</td></tr><tr><td>Mar. 19</td><td>34,517</td><td>17,204</td><td>110</td><td>775</td><td>-</td><td>27</td><td>1,211</td><td>38</td><td>-</td><td>49</td><td>19,414</td><td>8,241</td><td>1,551</td><td>4,703</td><td>608</td><td>5,311</td><td>-</td></tr><tr><td>Mar. 26</td><td>32,226</td><td>17,055</td><td>110</td><td>781</td><td>-</td><td>26</td><td>1,211</td><td>14</td><td>-</td><td>4</td><td>19,201</td><td>7,937</td><td>1,553</td><td>3,257</td><td>274</td><td>3,531</td><td>4</td></tr><tr><td>Apr. 2</td><td>35,795</td><td>18,783</td><td>109</td><td>781</td><td>-</td><td>26</td><td>1,211</td><td>14</td><td>4</td><td>6</td><td>20,934</td><td>9,337</td><td>1,597</td><td>3,778</td><td>146</td><td>3,924</td><td>3</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>Mar. 5</td><td>14,891</td><td>7,113</td><td>-</td><td>758</td><td>-</td><td>-</td><td>742</td><td>38</td><td>-</td><td>-</td><td>8,651</td><td>2,535</td><td>1,101</td><td>2,603</td><td>1</td><td>2,604</td><td>-</td></tr><tr><td>Mar. 12</td><td>15,478</td><td>8,222</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>38</td><td>-</td><td>-</td><td>9,702</td><td>2,535</td><td>1,188</td><td>2,053</td><td>-</td><td>2,053</td><td>-</td></tr><tr><td>Mar. 19</td><td>17,385</td><td>9,356</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>38</td><td>-</td><td>-</td><td>10,836</td><td>2,535</td><td>1,155</td><td>2,853</td><td>6</td><td>2,859</td><td>-</td></tr><tr><td>Mar. 26</td><td>15,905</td><td>9,180</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>14</td><td>-</td><td>-</td><td>10,636</td><td>2,535</td><td>1,170</td><td>1,564</td><td>-</td><td>1,564</td><td>-</td></tr><tr><td>Apr. 2</td><td>17,302</td><td>9,965</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>14</td><td>4</td><td>-</td><td>11,425</td><td>2,571</td><td>1,258</td><td>2,043</td><td>5</td><td>2,048</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>Mar. 5</td><td>14,953</td><td>7,580</td><td>128</td><td>75</td><td>-</td><td>27</td><td>495</td><td>-</td><td>6</td><td>4</td><td>8,315</td><td>3,768</td><td>271</td><td>2,219</td><td>374</td><td>2,593</td><td>6</td></tr><tr><td>Mar. 12</td><td>15,944</td><td>7,818</td><td>105</td><td>75</td><td>-</td><td>27</td><td>469</td><td>-</td><td>5</td><td>5</td><td>8,499</td><td>4,759</td><td>275</td><td>1,995</td><td>416</td><td>2,411</td><td>-</td></tr><tr><td>Mar. 19</td><td>17,132</td><td>7,848</td><td>110</td><td>75</td><td>-</td><td>27</td><td>469</td><td>-</td><td>49</td><td>4</td><td>8,578</td><td>5,706</td><td>396</td><td>1,850</td><td>602</td><td>2,452</td><td>4</td></tr><tr><td>Mar. 26</td><td>16,321</td><td>7,875</td><td>110</td><td>81</td><td>-</td><td>26</td><td>469</td><td>-</td><td>6</td><td>6</td><td>8,565</td><td>5,402</td><td>383</td><td>1,693</td><td>274</td><td>1,967</td><td>3</td></tr><tr><td>Apr. 2</td><td>18,493</td><td>8,818</td><td>109</td><td>81</td><td>-</td><td>26</td><td>469</td><td>-</td><td>6</td><td>6</td><td>9,509</td><td>6,766</td><td>339</td><td>1,735</td><td>141</td><td>1,876</td><td>3</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for March 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>Fatherlands</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>Mar. 5.</td><td>-6,993</td><td>-314</td><td>-415</td><td>-750</td><td>-7</td><td>-261</td><td>-1,689</td><td>44</td><td>65</td><td>-281</td><td>-3,608</td><td>526</td><td>-122</td><td>-2,540</td><td>-1,282</td><td>-3,822</td><td>33</td></tr><tr><td>Mar. 12.</td><td>-6,014</td><td>-180</td><td>-513</td><td>-701</td><td>-6</td><td>-239</td><td>-1,636</td><td>33</td><td>153</td><td>-268</td><td>-3,357</td><td>616</td><td>-121</td><td>-2,026</td><td>-1,190</td><td>-3,216</td><td>64</td></tr><tr><td>Mar. 19.</td><td>-6,189</td><td>-271</td><td>-528</td><td>-746</td><td>-14</td><td>-254</td><td>-1,698</td><td>-9</td><td>-19</td><td>-212</td><td>-3,751</td><td>741</td><td>-234</td><td>-1,634</td><td>-1,283</td><td>-2,917</td><td>-25</td></tr><tr><td>Mar. 26.</td><td>-6,161</td><td>-269</td><td>-459</td><td>-777</td><td>-26</td><td>-238</td><td>-1,700</td><td>12</td><td>-152</td><td>-223</td><td>-3,832</td><td>686</td><td>-306</td><td>-1,482</td><td>-1,308</td><td>-2,790</td><td>81</td></tr><tr><td>Apr. 2.</td><td>-6,598</td><td>-91</td><td>-470</td><td>-779</td><td>-16</td><td>-257</td><td>-1,702</td><td>-23</td><td>-62</td><td>-231</td><td>-3,631</td><td>699</td><td>-413</td><td>-1,847</td><td>-1,386</td><td>-3,233</td><td>-20</td></tr></table>
GOLD AND SILVER STATISTICS
— 62 —
63
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 1/</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>15</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,643.4</td><td>15,278.6</td><td>156.0</td><td>1,800.0</td><td>408.9</td></tr><tr><td>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-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><tr><td>April</td><td>22,505.3</td><td>20,267.4</td><td>156.0</td><td>1,800.0</td><td>281.9</td></tr><tr><td>May</td><td>22,574.9</td><td>20,387.8</td><td>156.0</td><td>1,800.0</td><td>231.1</td></tr></table>
Source: Daily Treasury Statements.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in (a) the Gold Certificate Fund - Board of Governors, Federal Reserve System, and (b) 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>Swit-zerland</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 imports or net exports (-)</th></tr><tr><td>1934</td><td>499.9</td><td>260.2</td><td>94.3</td><td>12.4</td><td>86.8</td><td>30.3</td><td>-</td><td>5.9</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>4,704.6</td></tr><tr><td>1940-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>284.3</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>-</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><tr><td>April</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20.2</td><td>1.1</td><td>.3</td><td>-</td><td>-</td><td>4.7</td><td>3.6</td><td>2.9</td><td>.7</td><td>1.3</td><td>2.1</td><td>135.13/</td><td>172.0</td></tr><tr><td>May</td><td>-</td><td>-</td><td>-</td><td>-</td><td>16.3</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>4.2</td><td>3.4</td><td>2.8</td><td>.9</td><td>.4</td><td>-</td><td>5.8</td><td>34.8 4/</td></tr></table>
Source: U. S. Department of Commerce.
1/ Includes Hong Kong.
2/ From South Africa $149.7 millions.
3/ From South Africa $132.2 millions.
4/ In the interest of national and hemisphere defense, the Department of Commerce has temporarily suspended publication of gold export statistics by country of destination. This action is effective with statistics for May 1941.
64
MONETARY STOCKS OF GOLD AND SILVER IN THE UNITED STATES
Gold per Ounce $35.00; Silver per Ounce $1.29
65
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>12,953.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1940-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>22,367.3</td><td>4,107.6</td><td>15.5</td></tr><tr><td>April</td><td>22,505.8</td><td>4,120.8</td><td>15.5</td></tr><tr><td>May</td><td>22,574.9 p</td><td>4,128.4 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 rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per ounce</th></tr><tr><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th>Silver dollars 1/</th><th>Sub- sidiary coin 2/</th></tr><tr><th></th><th>Silver bul- lion</th><th>Silver dol- lars</th><th>Sub- sidi- ary coin 2/</th><th>Bullion for recoin- age 2/</th><th>Bullion at cost</th><th>Silver dollars 1/</th><th>Sub- sidiary coin 2/</th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>–</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.3</td></tr><tr><td>1939</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>–</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>–</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1940-May</td><td>1,347.2</td><td>498.3</td><td>5.6</td><td>.5</td><td>640.8</td><td>48.8</td><td>396.0</td><td>3,924.6</td></tr><tr><td>June</td><td>1,353.2</td><td>498.1</td><td>3.6</td><td>.8</td><td>643.3</td><td>49.0</td><td>398.6</td><td>3,939.6</td></tr><tr><td>July</td><td>1,361.6</td><td>497.9</td><td>2.8</td><td>.3</td><td>647.5</td><td>49.2</td><td>401.0</td><td>3,963.7</td></tr><tr><td>Aug.</td><td>1,368.3</td><td>497.5</td><td>6.4</td><td>–</td><td>648.8</td><td>49.5</td><td>402.6</td><td>3,982.6</td></tr><tr><td>Sept.</td><td>1,373.4</td><td>497.1</td><td>4.4</td><td>–</td><td>652.4</td><td>50.0</td><td>406.6</td><td>4,002.2</td></tr><tr><td>Oct.</td><td>1,383.6</td><td>496.5</td><td>3.8</td><td>.1</td><td>654.2</td><td>50.6</td><td>410.9</td><td>4,022.9</td></tr><tr><td>Nov.</td><td>1,390.2</td><td>496.1</td><td>1.5</td><td>–</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>–</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>–</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.</td><td>1,417.7</td><td>494.0</td><td>4.0</td><td>–</td><td>665.2</td><td>53.1</td><td>425.0</td><td>4,107.6</td></tr><tr><td>Apr.</td><td>1,423.8</td><td>493.7</td><td>5.1</td><td>–</td><td>665.5</td><td>53.4</td><td>429.3</td><td>4,120.8</td></tr><tr><td>May p.</td><td>1,430.0</td><td>493.1</td><td>5.4</td><td>.1</td><td>666.1</td><td>53.4</td><td>429.3</td><td>4,128.4</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. 
p 1/ Preliminary. 
2/ Valued at $1.29+ per ounce. 
3/ 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- ized 2/</th><th colspan="2">Foreign 3/</th><th colspan="2">Total</th></tr><tr><th></th><th>Oun- cee</th><th>Dol- lars</th><th>Oun- cee</th><th>Dol- lars</th><th>Oun- cee</th><th>Dol- lars</th><th>Oun- cee</th><th>Dol- lars</th></tr><tr><td>1934.....</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935.....</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936.....</td><td>61.1</td><td>47.3</td><td>.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-May. June.</td><td>5.1 4.6</td><td>3.6 3.6</td><td>- -</td><td>- -</td><td>12.7 6.3</td><td>4.5 2.2</td><td>17.8 10.9</td><td>8.1 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><tr><td>Apr.</td><td>6.3</td><td>4.5</td><td>-</td><td>-</td><td>3.9</td><td>1.4</td><td>10.2</td><td>5.9</td></tr><tr><td>May.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>4.7</td><td>1.7</td><td>11.2</td><td>6.3</td></tr></table>
1/ Acquired at 64.64+ cents per fine ounce until April 9, 1935; at 71.11+ cents per fine ounce from that date until April 23, 1935; at 77.57+ cents from April 23, 1935 to December 31, 1937; at 64.64+ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11+ cents since July 1, 1939.
2/ Acquired at 50.01 cents per fine ounce. Executive Proclamation of August 9, 1934, repealed April 28, 1938.
3/ Acquired at various prices averaging approximately 51 cents per ounce.
66
Seigniorage on Silver
(Cumulative from January 1, 1934 - In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Solignorage 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>Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total solignorage on silver revalued</th><th>Potential solignorage on silver bullion at cost in General Fund $/oz</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>34.7</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>457.1</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</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-January</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><tr><td>April</td><td>132.6</td><td>48.7</td><td>87.6</td><td>33.5</td><td>568.1</td><td>34.7</td><td>772.6</td><td>1,076.2</td></tr><tr><td>May</td><td>137.2</td><td>48.7</td><td>87.6</td><td>35.6</td><td>569.1</td><td>34.7</td><td>775.7</td><td>1,079.1</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="6">All other countries</th></tr><tr><th></th><th></th><th>United States</th><th>Canada 1/</th><th>Mexico</th><th>Peru</th><th>Other</th><th>Total 2/</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India 4/</th><th>Other Aola</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>14,261</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>61,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>56,858</td><td>19,704</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td></tr><tr><td>1937</td><td>274,558</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</td><td>61,689</td><td>23,826</td><td>81,019</td><td>20,424</td><td>15,869</td><td>64,939</td><td>22,747</td><td>15,043</td><td>13,115</td><td>5,947</td><td>2,451</td><td>5,636</td></tr><tr><td>1939</td><td>265,262</td><td>63,872</td><td>24,538</td><td>75,871</td><td>18,802</td><td>17,497</td><td>64,683</td><td>21,224</td><td>15,417</td><td>14,015</td><td>5,943</td><td>2,670</td><td>5,414</td></tr><tr><td>1940</td><td>273,684</td><td>67,013</td><td>23,816</td><td>82,638</td><td>19,000</td><td>16,925</td><td>64,292</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1940-March</td><td>22,501</td><td>5,744</td><td>1,786</td><td>5,723</td><td>2,000</td><td>1,644</td><td>5,604</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>24,785</td><td>6,120</td><td>1,770</td><td>8,140</td><td>1,500</td><td>1,649</td><td>5,606</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May</td><td>22,269</td><td>5,840</td><td>1,997</td><td>5,619</td><td>1,700</td><td>1,504</td><td>5,609</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>23,423</td><td>5,373</td><td>3,096</td><td>6,511</td><td>1,400</td><td>1,437</td><td>5,606</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July</td><td>23,091</td><td>5,530</td><td>2,042</td><td>6,861</td><td>1,500</td><td>1,549</td><td>5,609</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>August</td><td>22,836</td><td>4,419</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</td><td>5,049</td><td>1,795</td><td>7,990</td><td>2,000</td><td>1,388</td><td>5,613</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October</td><td>22,900</td><td>5,609</td><td>1,673</td><td>7,090</td><td>1,600</td><td>1,318</td><td>5,610</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November</td><td>23,145</td><td>6,367</td><td>1,708</td><td>7,104</td><td>1,500</td><td>1,352</td><td>5,114</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December</td><td>20,669</td><td>6,499</td><td>1,642</td><td>4,568</td><td>1,500</td><td>1,350</td><td>5,110</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-January</td><td>24,359</td><td>5,733</td><td>1,557</td><td>8,750</td><td>1,550</td><td>1,450</td><td>5,319</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February</td><td>5/</td><td>6,009</td><td>1,357</td><td>7,792</td><td>1,450</td><td>5/</td><td>5,302</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March</td><td>5/</td><td>6,445</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td>5/</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Annual Reports of the Director of the Mint for annual figures through 1939; releases of American Bureau of Metal Statistics for all later figures.
r Revise.
1/ Includes Newfoundland.
2/ Breakdown by countries not available after 1939.
3/ Includes Chosse and Taiwan.
4/ Includes Burma.
5/ Not yet reported.
67
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>6,798</td><td>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,395 1/</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,351</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-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>2,564</td><td>3</td><td>109</td><td>262</td><td>138</td></tr><tr><td>April</td><td>-</td><td>-2</td><td>578</td><td>2,560</td><td>-</td><td>130</td><td>555</td><td>175</td></tr><tr><td>May</td><td>-</td><td>1</td><td>515</td><td>1,631</td><td>-</td><td>29</td><td>321</td><td>191</td></tr></table>
<table><tr><th>Calendar year or month</th><th>British Indie</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Aela</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>1,224</td><td>118</td><td>335,730</td></tr><tr><td>1936.</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,851</td></tr><tr><td>1937.</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938.</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939.</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>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-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>644</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><tr><td>April.</td><td>-1,127</td><td>-</td><td>-</td><td>113</td><td>99</td><td>53</td><td>3,134</td></tr><tr><td>May.</td><td>-</td><td>-</td><td>-</td><td>305</td><td>225</td><td>488</td><td>2,730 3/</td></tr></table>
Sources: U. S. Department of Commerce.
1/ Includes net import of $12,950,000 from France.
2/ Includes net import of $9,791,000 from Siam.
3/ In the interest of national and hemisphere defense, the Department of Commerce has temporarily suspended publication of silver export statistics by country of destination. This action is effective with statistics for May 1941.
OTHER TREASURY STATISTICS
-68-
69
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="8">Number of vessels</th><th colspan="6">Number of vessels</th></tr><tr><th>1939</th><th>1940</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>Grand total</td><td>34,192</td><td>33,422</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><td>2,031</td><td>2,662</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>7,963</td><td>8,854</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><td>83</td><td>362</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>26,229</td><td>24,568</td><td>1,827</td><td>2,057</td><td>2,207</td><td>2,489</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><td>1,948</td><td>2,300</td></tr><tr><td>American vessels</td><td>7,822</td><td>7,577</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><td>552</td><td>681</td></tr><tr><td>Foreign vessels</td><td>18,407</td><td>16,991</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><td>1,396</td><td>1,619</td></tr><tr><td>Belgian</td><td>102</td><td>117</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><td>5</td><td>3</td></tr><tr><td>British</td><td>9,954</td><td>9,482</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>664</td><td>724</td><td>706</td><td>783</td><td>1,020</td></tr><tr><td>Danish</td><td>604</td><td>150</td><td>8</td><td>1</td><td>3</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>653</td><td>537</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><td>42</td><td>47</td></tr><tr><td>Finland</td><td>85</td><td>180</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><td>23</td><td>19</td></tr><tr><td>French</td><td>285</td><td>137</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><td>10</td><td>12</td></tr><tr><td>German</td><td>334</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Greek</td><td>247</td><td>323</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><td>15</td><td>11</td></tr><tr><td>Honduran</td><td>699</td><td>860</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><td>81</td><td>84</td></tr><tr><td>Italian</td><td>278</td><td>161</td><td>28</td><td>37</td><td>12</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>793</td><td>762</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><td>55</td><td>51</td></tr><tr><td>Nicaraguan</td><td>149</td><td>95</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><td>8</td><td>8</td></tr><tr><td>Norwegian</td><td>2,744</td><td>2,225</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><td>173</td><td>162</td></tr><tr><td>Panamanian</td><td>580</td><td>746</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><td>70</td><td>82</td></tr><tr><td>Swedish</td><td>467</td><td>364</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><td>33</td><td>28</td></tr><tr><td>Other flags</td><td>433</td><td>852</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><td>98</td><td>92</td></tr></table>
<table><tr><th></th><th colspan="2">Calendar year</th><th colspan="10">1940</th><th colspan="4">1941</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>Grand total</td><td>70,306</td><td>62,185</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><td>3,981</td><td>4,605</td></tr><tr><td>Cleared to Canadian Great Lakes porte</td><td>12,030</td><td>13,769</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><td>274</td><td>815</td></tr><tr><td>Cleared to coastal and overseas porte</td><td>58,276</td><td>48,416</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><td>3,707</td><td>3,790</td></tr><tr><td>American vessels</td><td>14,869</td><td>16,604</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><td>1,439</td><td>1,386</td></tr><tr><td>Foreign vessels</td><td>43,407</td><td>31,812</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><td>2,268</td><td>2,404</td></tr><tr><td>Belgian</td><td>371</td><td>438</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><td>23</td><td>13</td></tr><tr><td>British</td><td>14,904</td><td>10,390</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>661</td><td>662</td><td>862</td></tr><tr><td>Danish</td><td>1,480</td><td>346</td><td>27</td><td>4</td><td>9</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>2,968</td><td>2,000</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><td>121</td><td>125</td></tr><tr><td>Finland</td><td>137</td><td>273</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><td>31</td><td>29</td></tr><tr><td>French</td><td>1,922</td><td>503</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><td>27</td><td>24</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>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><td>36</td><td>26</td></tr><tr><td>Honduran</td><td>914</td><td>1,176</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><td>111</td><td>110</td></tr><tr><td>Italian</td><td>1,982</td><td>885</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><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>3,839</td><td>3,784</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><td>266</td><td>254</td></tr><tr><td>Nicaraguan</td><td>65</td><td>39</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><td>3</td><td>3</td></tr><tr><td>Norwegian</td><td>7,417</td><td>5,505</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><td>417</td><td>410</td></tr><tr><td>Panamanian</td><td>2,097</td><td>2,653</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><td>268</td><td>279</td></tr><tr><td>Swedish</td><td>1,454</td><td>1,050</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><td>107</td><td>75</td></tr><tr><td>Other flags</td><td>883</td><td>1,782</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><td>196</td><td>185</td></tr></table>
Source: Reports from Collectors of Customs
70
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="13">Number of vessels</th></tr><tr><th colspan="2">Calendar year</th><th colspan="8">1940</th><th colspan="4">1941</th></tr><tr><th></th><th>1939</th><th>1940</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>Achtabula</td><td>236</td><td>297</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><td>-</td><td>12</td></tr><tr><td>Baltimore</td><td>679</td><td>765</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><td>61</td><td>78</td></tr><tr><td>Boston</td><td>804</td><td>699</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><td>52</td><td>59</td></tr><tr><td>Buffalo</td><td>455</td><td>341</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><td>-</td><td>20</td></tr><tr><td>Corpus Christi</td><td>275</td><td>138</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><td>4</td><td>4</td></tr><tr><td>Detroit</td><td>1,013</td><td>1,218</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><td>-</td><td>73</td></tr><tr><td>Galveston</td><td>469</td><td>345</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><td>17</td><td>22</td></tr><tr><td>Houston</td><td>542</td><td>330</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><td>13</td><td>10</td></tr><tr><td>Los Angeles</td><td>1,392</td><td>1,169</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><td>87</td><td>89</td></tr><tr><td>Miami</td><td>943</td><td>1,021</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><td>71</td><td>81</td></tr><tr><td>Mobile</td><td>322</td><td>360</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><td>18</td><td>24</td></tr><tr><td>New Orleans</td><td>1,156</td><td>1,181</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><td>103</td><td>116</td></tr><tr><td>New York</td><td>3,929</td><td>3,767</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><td>340</td><td>384</td></tr><tr><td>Norfolk & Newport News</td><td>639</td><td>824</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><td>67</td><td>49</td></tr><tr><td>Philadelphia</td><td>504</td><td>684</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><td>58</td><td>62</td></tr><tr><td>Port Angeles, Wash.</td><td>1,437</td><td>1,264</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><td>99</td><td>84</td></tr><tr><td>Port Arthur</td><td>309</td><td>214</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><td>10</td><td>18</td></tr><tr><td>Rochester</td><td>595</td><td>929</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><td>80</td><td>38</td></tr><tr><td>San Francisco</td><td>530</td><td>476</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><td>34</td><td>39</td></tr><tr><td>Savannah</td><td>209</td><td>152</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><td>12</td><td>7</td></tr><tr><td>Seattle</td><td>1,682</td><td>1,682</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><td>126</td><td>139</td></tr><tr><td>Toledo</td><td>942</td><td>1,131</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><td>2</td><td>75</td></tr><tr><td>Other ports</td><td>15,370</td><td>14,435</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><td>777</td><td>1,179</td></tr><tr><td>Total</td><td>34,192</td><td>33,422</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><td>2,031</td><td>2,662</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="9">1940</th><th colspan="5">1941</th></tr><tr><th>1939</th><th>1940</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th></tr><tr><td>Ashtabula</td><td>601</td><td>913</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><td>-</td><td>22</td></tr><tr><td>Baltimore</td><td>1,880</td><td>2,306</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><td>183</td><td>246</td></tr><tr><td>Boston</td><td>2,530</td><td>1,685</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><td>157</td><td>133</td></tr><tr><td>Buffalo</td><td>985</td><td>695</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><td>-</td><td>63</td></tr><tr><td>Corpue Christi</td><td>1,258</td><td>619</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><td>13</td><td>15</td></tr><tr><td>Detroit</td><td>1,538</td><td>1,575</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><td>-</td><td>92</td></tr><tr><td>Galveston</td><td>1,354</td><td>954</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><td>27</td><td>40</td></tr><tr><td>Houston</td><td>2,230</td><td>1,221</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><td>40</td><td>30</td></tr><tr><td>Los Angeles</td><td>5,553</td><td>4,523</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><td>363</td><td>323</td></tr><tr><td>Miami</td><td>886</td><td>878</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><td>30</td><td>17</td></tr><tr><td>Mobile</td><td>542</td><td>561</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><td>26</td><td>39</td></tr><tr><td>New Orleans</td><td>3,071</td><td>2,926</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><td>246</td><td>286</td></tr><tr><td>New York</td><td>19,566</td><td>14,078</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><td>1,155</td><td>1,289</td></tr><tr><td> Norfolk &
Source: Reports from Collectors of Customs
71
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th rowspan="2"></th><th colspan="6">Totals by months, November 1940 - April 1941</th><th colspan="5">Distribution by originating organization, April 1941</th></tr><tr><th colspan="2">1940</th><th colspan="4">1941</th><th>Alcohol Tax Unit</th><th>Bureau of Customs</th><th>Bureau of Narcotics</th><th>Secret Service Division</th><th>Income and exc. tax cases of Bureau of Internal Revenue</th></tr><tr><th></th><th>November</th><th>December</th><th>January</th><th>February</th><th>March</th><th>April</th><th></th><th></th><th></th><th></th><th></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>20,028</td><td>18,515</td><td>18,185</td><td>18,048</td><td>18,718</td><td>18,707</td><td>15,386</td><td>276</td><td>1,703</td><td>997</td><td>345</td></tr><tr><td>New cases.</td><td>2,493</td><td>2,775</td><td>2,731</td><td>2,751</td><td>3,292</td><td>2,773</td><td>2,196</td><td>23</td><td>276</td><td>267</td><td>11</td></tr><tr><td>Cases closed.</td><td>4,006</td><td>3,105</td><td>2,868</td><td>2,081</td><td>3,303</td><td>2,749</td><td>2,059</td><td>99</td><td>293</td><td>287</td><td>11</td></tr><tr><td>Number of cases pending end of month.</td><td>18,515</td><td>18,185</td><td>18,048</td><td>18,718</td><td>18,707</td><td>18,731</td><td>15,523</td><td>200</td><td>1,686</td><td>977</td><td>345</td></tr><tr><td>Net change in cases pending.</td><td>-1,513</td><td>-330</td><td>-137</td><td>+670</td><td>-11</td><td>+24</td><td>+137</td><td>-76</td><td>-17</td><td>-20</td><td>0</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>259</td><td>124</td><td>190</td><td>206</td><td>166</td><td>143</td><td>62</td><td>9</td><td>44</td><td>28</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/.</td><td>3,747</td><td>2,981</td><td>2,678</td><td>1,875</td><td>3,137</td><td>2,606</td><td>1,997</td><td>90</td><td>249</td><td>259</td><td>11</td></tr><tr><td>Total number of cases closed.</td><td>4,006</td><td>3,105</td><td>2,868</td><td>2,081</td><td>3,303</td><td>2,743</td><td>2,059</td><td>99</td><td>293</td><td>287</td><td>11</td></tr><tr><td><b>Percentage distribution of cases released or convicted:</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>Percent released</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Before indictment.</td><td>12</td><td>11</td><td>17</td><td>25</td><td>16</td><td>18</td><td>21</td><td>6</td><td>1</td><td>7</td><td>4/</td></tr><tr><td>After indictment.</td><td>9</td><td>8</td><td>10</td><td>9</td><td>9</td><td>13</td><td>14</td><td>21</td><td>5</td><td>2</td><td>4/</td></tr><tr><td>Acquitted.</td><td>4</td><td>5</td><td>3</td><td>2</td><td>4</td><td>2</td><td>3</td><td>-</td><td>2</td><td>2</td><td>4/</td></tr><tr><td>Total released.</td><td>25</td><td>24</td><td>30</td><td>36</td><td>29</td><td>33</td><td>38</td><td>27</td><td>8</td><td>11</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>8</td><td>7</td><td>6</td><td>6</td><td>7</td><td>6</td><td>5</td><td>3</td><td>12</td><td>5</td><td>4/</td></tr><tr><td>Pleaded guilty.</td><td>67</td><td>69</td><td>64</td><td>58</td><td>64</td><td>61</td><td>57</td><td>70</td><td>80</td><td>84</td><td>4/</td></tr><tr><td>Total convicted.</td><td>75</td><td>76</td><td>70</td><td>64</td><td>71</td><td>67</td><td>62</td><td>73</td><td>92</td><td>89</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>2,720</td><td>2,172</td><td>1,766</td><td>1,126</td><td>2,125</td><td>1,668</td><td>1,246</td><td>66</td><td>133</td><td>217</td><td>4</td></tr><tr><td>Percent of convictions 5/ resulting in:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Imprisonment.</td><td>60</td><td>60</td><td>57</td><td>54</td><td>62</td><td>57</td><td>52</td><td>62</td><td>78</td><td>73</td><td>15/</td></tr><tr><td>Fine.</td><td>27</td><td>23</td><td>23</td><td>18</td><td>22</td><td>23</td><td>23</td><td>26</td><td>18</td><td>25</td><td>15/</td></tr><tr><td>Probation 6/.</td><td>38</td><td>38</td><td>39</td><td>42</td><td>34</td><td>39</td><td>42</td><td>26</td><td>24</td><td>34</td><td>15/</td></tr><tr><td>Average number of days imprisonment to be served.</td><td>320</td><td>436</td><td>386</td><td>432</td><td>363</td><td>415</td><td>317</td><td>345</td><td>611</td><td>694</td><td>1,217</td></tr><tr><td>Average fine to be paid (dollars)</td><td>430</td><td>486</td><td>266</td><td>558</td><td>343</td><td>319</td><td>361</td><td>244</td><td>322</td><td>125</td><td>100</td></tr><tr><td>Total fines to be paid (dollars).</td><td>312,151</td><td>241,030</td><td>109,285</td><td>110,390</td><td>161,547</td><td>121,405</td><td>102,579</td><td>4,150</td><td>7,734</td><td>6,742</td><td>200</td></tr></table>
1/ Comprises criminal cases of the Alcohol Tax Unit of the Bureau of Internal Revenue, the Bureau of Customs, the Bureau of Narcotics, the Secret Service Division, and the income tax and miscellaneous tax cases referred by the Penal Division of the Bureau of Internal Revenue to the Department of Justice with recommendation for criminal prosecution.
2/ Comprises cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions.
3/ Cases "otherwise disposed of" consist of Customs and Narcotics cases in which no arrests were made and Secret Service cases which were disposed of by larceny hearings.
4/ Inefficient cases to warrant showing comparative percentages.
5/ For entages do not add to 100 because a single conviction may involve more than one type of sentence.
6/ Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
SEMIANNUAL CUMULATIVE INDEX
-72-
73
Bulletin of the Treasury Department
Cumulative Index for January - June 1941
Explanation: All items in this index are grouped by subject matter into ten sections which are arranged alphabetically. Within each section, the main items are also arranged alphabetically, while subordinate detail is arranged in the order in which it was published. Unless dates are specified, the items listed describe historical tables presenting data for a number of recent fiscal or calendar years, and a series of recent months.
<table><tr><th></th><th colspan="6">Page number</th></tr><tr><th></th><th>January</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th></tr><tr><td>I. Capital movements between the United States and foreign countries</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cumulative summary for period beginning 1935:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net capital movement between the U. S. and foreign countries.</td><td>36-37</td><td>36-37</td><td>43-44</td><td>45-46</td><td>43-44</td><td>49-50</td></tr><tr><td>Details for recent weeks:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Short-term foreign liabilities and assets.</td><td>38-41</td><td>38-41</td><td>45-48</td><td>47-50</td><td>45-48</td><td>51-54</td></tr><tr><td>Foreign security transactions.</td><td>42-43</td><td>42-43</td><td>49-50</td><td>51-52</td><td>49-50</td><td>55-56</td></tr><tr><td>Foreign balances in brokerage accounts.</td><td>43</td><td>43</td><td>50</td><td>52</td><td>50</td><td>56</td></tr><tr><td>Security transactions in joint foreign arbitrage accounts.</td><td>44</td><td>44</td><td>51</td><td>53</td><td>51</td><td>57</td></tr><tr><td>Foreign transactions in domestic securities.</td><td>45-46</td><td>45-46</td><td>52-53</td><td>54-55</td><td>52-53</td><td>58-59</td></tr><tr><td>Foreign exchange transactions.</td><td>47-48</td><td>47-48</td><td>54-55</td><td>56-57</td><td>54-55</td><td>60-61</td></tr><tr><td>Net position in foreign currencies.</td><td>48</td><td>48</td><td>55</td><td>57</td><td>55</td><td>61</td></tr><tr><td>Revisions in statistics on capital movements.</td><td></td><td></td><td>55-60</td><td></td><td></td><td></td></tr><tr><td>Summary tables for the calendar year 1940.</td><td></td><td></td><td>41-42</td><td></td><td></td><td></td></tr><tr><td>II. Customs statistics</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodities imported under quota provisions, quota years to date.</td><td>60</td><td>58</td><td>39</td><td>43</td><td>40-41</td><td>46-47</td></tr><tr><td>Customs duties and taxes collected:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By tariff schedules.</td><td>9</td><td>11</td><td>37</td><td>41</td><td>38</td><td>44</td></tr><tr><td>By countries from which imports originated.</td><td>10</td><td>12</td><td>38</td><td>42</td><td>39</td><td>43</td></tr><tr><td>Values of dutiable and taxable imports, by tariff schedules.</td><td>9</td><td>11</td><td>37</td><td>41</td><td>38</td><td>44</td></tr><tr><td>III. Federal receipts and expenditures</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget receipts and expenditures:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Summary of operations for fiscal years to date.</td><td>2</td><td>4</td><td>2</td><td>4</td><td>5</td><td>8</td></tr><tr><td>Total budget receipts and expenditures, by months:</td><td>3-4</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Beginning January 1935.</td><td>3-4</td><td>5-6</td><td>3-4</td><td>5-6</td><td>6-7</td><td>9-10</td></tr><tr><td>Beginning January 1936.</td><td>4</td><td>6</td><td>4</td><td>6</td><td>7</td><td>10</td></tr><tr><td>Budget receipts and expenditures by major classifications.</td><td>5</td><td>7</td><td>5</td><td>7</td><td>8</td><td>11</td></tr><tr><td>Budget expenditures classified as general, by major functions.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget expenditures classified as revolving funds (not), and as transfers to trust accounts, etc.</td><td>5</td><td>7</td><td>5</td><td>7</td><td>8</td><td>11</td></tr><tr><td>Cash income and outgo:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash income and outgo of the Treasury, by major classifications.</td><td>13</td><td>15</td><td>8</td><td>10</td><td>11</td><td>14</td></tr><tr><td>Total cash income and outgo, by months:</td><td>13-14</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Beginning January 1935.</td><td>13-14</td><td>15-16</td><td>8-9</td><td>10-11</td><td>11-12</td><td>14-15</td></tr><tr><td>Beginning January 1936.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Social insurance accounts:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts and expenditures under Social Security Act, General Fund accounts.</td><td>11</td><td>13</td><td>6</td><td>8</td><td>9</td><td>12</td></tr><tr><td>Receipts and expenditures, Federal Old-Age and Survivors Insurance Trust Fund.</td><td>11</td><td>13</td><td>6</td><td>8</td><td>9</td><td>12</td></tr><tr><td>Receipts and expenditures under Railroad Retirement and Railroad Unemployment Insurance Act, General Fund accounts.</td><td>12</td><td>14</td><td>7</td><td>9</td><td>10</td><td>13</td></tr><tr><td>Receipts and expenditures, Railroad Retirement account (Trust account).</td><td>12</td><td>14</td><td>7</td><td>9</td><td>10</td><td>13</td></tr><tr><td>Receipts and expenditures, Unemployment Trust Fund.</td><td>12</td><td>14</td><td>7</td><td>9</td><td>10</td><td>13</td></tr><tr><td>IV. General Fund of the Treasury</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Assets, liabilities, and balance in General Fund.</td><td>16</td><td>18</td><td>11</td><td>13</td><td>14</td><td>17</td></tr><tr><td>V. Gold and silver statistics</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Components of silver monetary stock.</td><td>54</td><td>52</td><td>64</td><td>61</td><td>59</td><td>65</td></tr><tr><td>Gold assets and liabilities of the Treasury.</td><td>52</td><td>50</td><td>62</td><td>59</td><td>57</td><td>63</td></tr><tr><td>Increment from reduction in weight of gold dollar, to March 31, 1941.</td><td></td><td></td><td></td><td>59</td><td></td><td></td></tr><tr><td>Monetary stocks of gold and silver.</td><td>53-54</td><td>51-52</td><td>63-64</td><td>60-61</td><td>58-59</td><td>64-65</td></tr><tr><td>Net movement of gold to and from the United States.</td><td>52</td><td>50</td><td>62</td><td>59</td><td>57</td><td>63</td></tr><tr><td>Net movement of silver to and from the United States.</td><td>56</td><td>54</td><td>66</td><td>63</td><td>61</td><td>67</td></tr><tr><td>Seigniorage on silver, by types.</td><td>55</td><td>53</td><td>65</td><td>62</td><td>60</td><td>66</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices.</td><td>54</td><td>52</td><td>64</td><td>61</td><td>59</td><td>65</td></tr><tr><td>Silver production, by countries.</td><td>55</td><td>53</td><td>65</td><td>62</td><td>60</td><td>66</td></tr><tr><td>Treasury gold receipts, for recent quarterly periods.</td><td>52</td><td></td><td></td><td>59</td><td></td><td></td></tr><tr><td>Value of foreign currencies in terms of gold.</td><td>56</td><td>54</td><td></td><td></td><td></td><td></td></tr><tr><td>VI. Governmental corporations and credit agencies of the United States</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amount of obligations outstanding guaranteed by the U. S., by agencies.</td><td>33</td><td>33</td><td>30</td><td>34</td><td>31</td><td>37</td></tr><tr><td>Assets and liabilities and proprietary interest:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November 30, 1940.</td><td>28</td><td>28</td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td></td><td></td><td>25</td><td>29</td><td></td><td></td></tr><tr><td>January 31, 1941.</td><td></td><td></td><td></td><td></td><td>26</td><td></td></tr><tr><td>February 28, 1941.</td><td></td><td></td><td></td><td></td><td></td><td>31-32</td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
74
Cumulative Index for January - June 1941 - (Continued)
<table><tr><th></th><th colspan="6">Page number</th></tr><tr><th></th><th>January</th><th>February</th><th>March</th><th>April</th><th>May</th><th>June</th></tr><tr><td colspan="7">VI. Governmental corporations and credit agencies of the United States (continued)</td></tr><tr><td>Financing operations in securities guaranteed by the U. S.</td><td>33</td><td>33</td><td>30</td><td>34</td><td>31</td><td>37</td></tr><tr><td>Maturity schedule of securities guaranteed by the U. S.:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td>34</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1941.</td><td></td><td>34</td><td>31</td><td>35</td><td>32</td><td>38</td></tr><tr><td>February 28, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sources and uses of funds:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fiscal year to date.</td><td>29-30</td><td>29-30</td><td>26-27</td><td>30-31</td><td>27-28</td><td>33-34</td></tr><tr><td>From inception of organisation.</td><td>31-32</td><td>31-32</td><td>28-29</td><td>32-33</td><td>29-30</td><td>35-36</td></tr><tr><td colspan="7">VII. Internal revenue statistics</td></tr><tr><td>Collectione of internal revenue:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comparative details for current periods.</td><td>6</td><td>8</td><td>33</td><td>37</td><td>34</td><td>40</td></tr><tr><td>Summary data.</td><td>7-8</td><td>9-10</td><td>34-35</td><td>38-39</td><td>35-36</td><td>41-42</td></tr><tr><td colspan="7">VIII. Miscellaneous Treasury statistics</td></tr><tr><td>Balance sheet of Exchange Stabilization Fund:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September 30, 1940.</td><td>50-51</td><td></td><td></td><td>1-2</td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts, for recent months.</td><td>61</td><td>59</td><td>70</td><td>67</td><td>65</td><td>71</td></tr><tr><td>Vessels cleared from the U. S. direct for foreign ports:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>By nationality.</td><td>58</td><td>56</td><td>68</td><td>65</td><td>63</td><td>69</td></tr><tr><td>By ports from which cleared.</td><td>59</td><td>57</td><td>69</td><td>66</td><td>64</td><td>70</td></tr><tr><td colspan="7">IX. Ownership of Government securities</td></tr><tr><td>Bank holdings of U. S. Government securities and of securities guaranteed by the U. S., December 31, 1940, according to reports to supervisory authorities.</td><td></td><td></td><td></td><td>18-19</td><td></td><td></td></tr><tr><td>Distribution of tax-exempt securities by classes of holders, 1937-40.</td><td></td><td>1-2</td><td></td><td></td><td></td><td></td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts, monthly beginning January 1937.</td><td>17</td><td>19</td><td>13</td><td>15</td><td>16</td><td>19</td></tr><tr><td>Securities held by U. S. Government agencies and trust funds:</td><td></td><td></td><td>17-18</td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td></td><td></td><td></td><td></td><td></td><td>22-23</td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></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><td>19</td><td>14</td><td>17</td><td>18</td><td>21</td></tr><tr><td>Treasury survey of the ownership of Government securities by large banks and insurance companies, as of:</td><td></td><td></td><td></td><td></td><td>1-3</td><td>1-6</td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="7">I. Public debt of the United States (excluding date on ownership)</td></tr><tr><td>Bond yields:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average yields of long-term Treasury bonds and high-grade corporate bonds, for recent months, weeks and days.</td><td>24-25</td><td>24-25</td><td>21-22</td><td>25-26</td><td>22-23</td><td>27-28</td></tr><tr><td>Chart showing yields of individual issues of Treasury bonds and notes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 15, 1941.</td><td>26</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February 15, 1941.</td><td></td><td>26</td><td></td><td></td><td></td><td></td></tr><tr><td>March 15, 1941.</td><td></td><td></td><td>23</td><td>27</td><td></td><td></td></tr><tr><td>April 15, 1941.</td><td></td><td></td><td></td><td></td><td>24</td><td></td></tr><tr><td>May 15, 1941.</td><td></td><td></td><td></td><td></td><td></td><td>29</td></tr><tr><td>June 16, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Composition of the public debt.</td><td>17-18</td><td>19-20</td><td>14-15</td><td>15-16</td><td>16-17</td><td>19-20</td></tr><tr><td>Computed rate of interest on the public debt.</td><td>24</td><td>24</td><td>21</td><td>25</td><td>22</td><td>27</td></tr><tr><td>Debt position of U. S. under limitations imposed by Section 21 of the Second Liberty Bond Act, as amended:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td>19</td><td></td><td></td><td>20</td><td></td><td></td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Maturity schedule of U. S. Government interest-bearing marketable securities outstanding:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td>22-23</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1941.</td><td></td><td>22-23</td><td>19-20</td><td>23-24</td><td></td><td></td></tr><tr><td>February 28, 1941.</td><td></td><td></td><td></td><td></td><td>20-21</td><td>25-26</td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Offerings of marketable issues of Treasury bonds and Treasury notes:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Since July 1, 1937.</td><td>20</td><td>21</td><td>16</td><td>21</td><td>19</td><td>24</td></tr><tr><td>Since January 1, 1938.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Offerings of Treasury bills:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Since July 1, 1939.</td><td>21</td><td></td><td></td><td>22</td><td></td><td></td></tr><tr><td>Since March 1, 1940.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Receipts and expenditures on account of public debt.</td><td>16</td><td>18</td><td>13</td><td>17</td><td>18</td><td>21</td></tr><tr><td>Statement of the outstanding public debt June 30, 1940, compared with:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December 31, 1940.</td><td>16</td><td>18</td><td></td><td></td><td></td><td></td></tr><tr><td>January 31, 1941.</td><td></td><td></td><td>13</td><td>15</td><td>16</td><td>19</td></tr><tr><td>February 28, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April 30, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May 31, 1941.</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Treas. HJ 10 .A2 1941 c.1
U.S. Treasury Dept. Treasury Bulletin
U.S. TREASURY LIBRARY
1 0031900