Treats
HJ
10
c.2
LIBRARY
ROOM 5030
JUN 2, 1972 TREASURY DEPARTMENT
REFERENCE To be used in Treasury Library
Copy 4
BULLETIN OF THE TREASURY DEPARTMENT
JULY 1941
Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
LIBRARY ROOM 5030
JUN 2, 1972
TREASURY DEPARTMENT
BULLETIN OF THE TREASURY DEPARTMENT
JULY 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, July 1941
Table of Contents
Page
FEDERAL RECEIPTS AND EXPENDITURES
<table><tr><td>Budget receipts and expenditures</td><td>2-5</td></tr><tr><td>Social insurance accounts</td><td>6-7</td></tr><tr><td>Cash income and outgo</td><td>8-9</td></tr></table>
GENERAL FUND OF THE TREASURY
Assets, liabilities, and balance in General Fund
PUBLIC DEBT OF THE UNITED STATES
(Excluding ownership data)
<table><tr><td>Statement of the outstanding public debt, June 30, 1941</td><td>13</td></tr><tr><td>Composition of the public debt</td><td>13-14</td></tr><tr><td>Maturity schedule of U. S. Government debt, June 30, 1941</td><td>15-16</td></tr><tr><td>Treasury financing operations since January 1, 1938</td><td>17</td></tr><tr><td>Treasury bill offerings since June 1, 1940</td><td>18</td></tr><tr><td>Debt position of U. S. under Second Liberty Bond Act, June 30, 1941</td><td>19</td></tr><tr><td>Public debt receipts and expenditures</td><td>20</td></tr><tr><td>Computed rate of interest on the public debt</td><td>20</td></tr><tr><td>Average yields of Treasury and corporate bonds beginning with January 1933</td><td>21-26</td></tr><tr><td>Yields of Treasury bonds and notes, July 15, 1941</td><td>27</td></tr></table>
OWNERSHIP OF GOVERNMENT SECURITIES
<table><tr><td>Summary distribution by holders of securities issued by the U. S. Government and guaranteed by the U. S.</td><td>29</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts</td><td>29</td></tr><tr><td>Treasury survey of the ownership of Government securities, May 31, 1941</td><td>30-35</td></tr></table>
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES
OF THE UNITED STATES
<table><tr><td>Assets and liabilities and proprietary interest, May 31, 1941</td><td>37-38</td></tr><tr><td>Sources and uses of funds</td><td>39-42</td></tr><tr><td>Obligations outstanding guaranteed by the U. S.</td><td>43</td></tr><tr><td>Financing operations in securities guaranteed by the U. S.</td><td>43</td></tr><tr><td>Maturity schedule of securities guaranteed by the U. S., June 30, 1941</td><td>44</td></tr><tr><td colspan="2">(Continued on following page)</td></tr></table>
Table of Contents - (Continued)
Page
INTERNAL REVENUE STATISTICS
Collections of internal revenue
CUSTOMS STATISTICS
Customs duties and taxes collected 50-51
Commodities imported under quota provisions 52-53
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
<table><tr><td>Net capital movement between the United States and foreign countries</td><td>55-56</td></tr><tr><td>Short-term foreign liabilities and assets</td><td>57-60</td></tr><tr><td>Foreign security transactions and brokerage balances</td><td>61-63</td></tr><tr><td>Foreign transactions in domestic securities</td><td>64-65</td></tr><tr><td>Foreign exchange transactions</td><td>66-67</td></tr></table>
GOLD AND SILVER STATISTICS
<table><tr><td>Gold assets and liabilities of the Treasury</td><td>69</td></tr><tr><td>Movement of gold to and from the United States</td><td>69</td></tr><tr><td>Monetary stocks of gold and silver</td><td>70-71</td></tr><tr><td>Components of silver monetary stock</td><td>71</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices</td><td>71</td></tr><tr><td>Seigniorage on silver</td><td>72</td></tr><tr><td>Silver production by countries</td><td>72</td></tr><tr><td>Movement of silver to and from the United States</td><td>73</td></tr></table>
OTHER TREASURY STATISTICS
<table><tr><td>Balance sheet of Exchange Stabilization Fund, March 31, 1941</td><td>75-76</td></tr><tr><td>Vessels cleared from the United States direct for foreign ports</td><td>77-78</td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts</td><td>79</td></tr></table>
FEDERAL RECEIPTS AND EXPENDITURES
-1-
2
Summary Table on Budget Receipts and Expenditures and Public Debt Outstanding
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="6">Budget Receipts and Expenditures 1/</th><th colspan="6">Public Debt</th></tr><tr><th colspan="5">Complete fiscal years 1936 to 1941</th><th rowspan="2">Change 1940 to 1941</th><th colspan="5">Outstanding on June 30</th><th rowspan="2">Change June 30, 1940 to June 30, 1941</th></tr><tr><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>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>4,116</td><td>5,029</td><td>5,855</td><td>5,165</td><td>5,387</td><td>7,607</td><td>+2,220</td><td>Public issues, etc.</td><td>33,153</td><td>34,867</td><td>34,489</td><td>36,670</td><td>38,192</td><td>42,841</td><td>+4,649</td></tr><tr><td>Expenditures...</td><td>8,666</td><td>8,177</td><td>7,239</td><td>8,707</td><td>8,998</td><td>12,710</td><td>+3,712</td><td>Special issues.....</td><td>626</td><td>1,558</td><td>2,676</td><td>3,170</td><td>4,175</td><td>6,120</td><td>+1,345</td></tr><tr><td>Net deficit...</td><td>4,550</td><td>3,148</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>+1,492</td><td>Gross debt......</td><td>33,779</td><td>36,425</td><td>37,165</td><td>40,440</td><td>42,967</td><td>48,961</td><td>+5,994</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 rowspan="2"></th><th colspan="6">Actual</th><th rowspan="2">Estimated 1/1942</th><th colspan="3">Change</th></tr><tr><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>Actual 1939 to actual 1940</th><th>Actual 1940 to actual 1941</th><th>Actual 1941 to estimated 1942</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></tr><tr><td>Income tax (including unjust enrichment tax)</td><td>1,427</td><td>2,163</td><td>2,640</td><td>2,189</td><td>2,125</td><td>3,470</td><td>5,420</td><td>-64</td><td>+1,345</td><td>+1,950</td></tr><tr><td>Miscellaneous Internal Revenue</td><td>2,010</td><td>2,181</td><td>2,279</td><td>2,232</td><td>2,345</td><td>2,967</td><td>3,135</td><td>+113</td><td>+622</td><td>+168</td></tr><tr><td>Social Security taxes</td><td>-</td><td>252</td><td>604</td><td>631</td><td>712</td><td>788</td><td>847</td><td>+61</td><td>+76</td><td>+59</td></tr><tr><td>Taxes upon carriers and their employees</td><td>-</td><td>-</td><td>150</td><td>109</td><td>121</td><td>137</td><td>145</td><td>+12</td><td>+16</td><td>+8</td></tr><tr><td>Customs</td><td>387</td><td>486</td><td>359</td><td>319</td><td>349</td><td>392</td><td>390</td><td>+30</td><td>+43</td><td>-2</td></tr><tr><td>Return of surplus funds from Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>54</td><td>319</td><td>-</td><td>+54</td><td>+265</td><td>-319</td></tr><tr><td>Other</td><td>292</td><td>212</td><td>210</td><td>168</td><td>219</td><td>195</td><td>177</td><td>+31</td><td>-24</td><td>-18</td></tr><tr><td>Total receipts</td><td>4,116</td><td>5,294</td><td>6,242</td><td>5,668</td><td>5,925</td><td>8,268</td><td>10,114</td><td>+257</td><td>+2,343</td><td>+1,846</td></tr><tr><td>Less amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 2/</td><td>-</td><td>265</td><td>387</td><td>503</td><td>538</td><td>661</td><td>712</td><td>+35</td><td>+123</td><td>+51</td></tr><tr><td>Net receipts</td><td>4,116</td><td>5,029</td><td>5,855</td><td>5,165</td><td>5,387</td><td>7,607</td><td>9,402</td><td>+222</td><td>+2,220</td><td>+1,795</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></tr><tr><td>National defense</td><td>911</td><td>935</td><td>1,028</td><td>1,162</td><td>1,559</td><td>6,048 1/</td><td>15,500</td><td>+397</td><td>+4,489</td><td>+9,452</td></tr><tr><td>Veterans' Administration (including Adjusted Service Certificate Fund)</td><td>2,351</td><td>1,137</td><td>582</td><td>557</td><td>557</td><td>563</td><td>569</td><td>-</td><td>+6</td><td>+6</td></tr><tr><td>Social Security and R. R. Retirement Acts 2/</td><td>28</td><td>188</td><td>436</td><td>454</td><td>512</td><td>589</td><td>585</td><td>+58</td><td>+77</td><td>-4</td></tr><tr><td>Agricultural Adjustment Program 1/</td><td>533</td><td>527</td><td>362</td><td>782</td><td>1,017</td><td>962</td><td>987</td><td>+235</td><td>-55</td><td>+25</td></tr><tr><td>Interest on the public debt</td><td>749</td><td>866</td><td>926</td><td>941</td><td>1,041</td><td>1,111</td><td>1,275</td><td>+100</td><td>+70</td><td>+164</td></tr><tr><td>Public Works 5/</td><td>742</td><td>957</td><td>794</td><td>948</td><td>869</td><td>725</td><td>604</td><td>-79</td><td>-144</td><td>-121</td></tr><tr><td>Unemployment relief</td><td>2,309</td><td>2,432</td><td>1,914</td><td>2,595</td><td>1,919</td><td>1,740</td><td>1,303</td><td>-676</td><td>-179</td><td>-437</td></tr><tr><td>Loans and stock subscriptions</td><td>161</td><td>198</td><td>135</td><td>212</td><td>241</td><td>60</td><td>17</td><td>+29</td><td>-181</td><td>-43</td></tr><tr><td>Return of surplus funds from Government corporations</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-329</td><td>-</td><td></td><td>-329</td><td>+329</td></tr><tr><td>Other</td><td>882</td><td>937</td><td>1,062</td><td>1,056</td><td>1,283</td><td>1,241</td><td>1,329</td><td>+227</td><td>-42</td><td>+88</td></tr><tr><td>Total expenditures</td><td>8,666</td><td>8,177</td><td>7,239</td><td>8,707</td><td>8,998</td><td>12,710</td><td>22,169</td><td>+291</td><td>+3,712</td><td>+9,459</td></tr><tr><td>Net deficit</td><td>4,550</td><td>3,148</td><td>1,324</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,767</td><td>+69</td><td>+1,492</td><td>+7,664</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ 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 $826 millions for civil activities (including estimated cost of W.P.A. national defense projects) and (2) amounts expended by the Reconstruction Finance Corporation for loans and investments.
4/ Excludes subscriptions to capital stock of Federal Crop Insurance Corporation.
5/ Excludes loans shown under "Loans and stock subscriptions".
Means of Financing the Deficit
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="7">Complete fiscal years 1936 to 1941</th></tr><tr><th colspan="5">Actual</th><th colspan="2">Estimated 1/</th></tr><tr><th></th><th>1936</th><th>1937</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>1942</th></tr><tr><td>Net deficit</td><td>4,550</td><td>3,148</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,767</td></tr><tr><td>Means of financing:</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></tr><tr><td>Public issues, etc.</td><td>5,085</td><td>1,714</td><td>-378</td><td>2,181</td><td>1,523</td><td>4,649</td><td>10,627</td></tr><tr><td>Special issues</td><td>-7</td><td>932</td><td>1,118</td><td>1,094</td><td>1,005</td><td>1,345</td><td>1,439</td></tr><tr><td>Total increase in public debt</td><td>5,078</td><td>2,646</td><td>740</td><td>3,275</td><td>2,528</td><td>5,994</td><td>12,066</td></tr><tr><td>Net decrease in working balance, general and special accounts 2/</td><td>-528</td><td>502</td><td>644</td><td>267</td><td>1,083</td><td>-891</td><td>701</td></tr><tr><td>Total means of financing</td><td>4,550</td><td>3,148</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,767</td></tr></table>
Source: Daily Treasury Statements, except as noted
1/ Budget estimates as of June 1, 1941.
2/ Negative figures represent a net increase.
3
4
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>1,276</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Expenditures 1/ 3/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>538</td><td>489</td><td>644</td><td>648</td><td>693</td><td>2,438</td><td>661</td><td>592</td><td>683</td><td>681</td><td>569</td><td>728</td><td>9,364</td></tr><tr><td>1937</td><td>543</td><td>568</td><td>770</td><td>712</td><td>519</td><td>1,255</td><td>635</td><td>517</td><td>661</td><td>571</td><td>458</td><td>637</td><td>7,846</td></tr><tr><td>1938</td><td>493</td><td>487</td><td>709</td><td>632</td><td>567</td><td>937</td><td>725</td><td>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>1,546</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>270</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 not 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 funde (net)</th><th>Transfers to trust accounts, etc. 1/ Debt retirement</th></tr><tr><th></th><th></th><th>Total</th><th>Income tax</th><th>Other</th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>746</td><td>858</td><td>251</td><td>225</td><td>4,325</td><td>3,668</td><td>74</td><td>121</td><td>461</td><td>2,245</td></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>818</td><td>1,823</td><td>313</td><td>162</td><td>6,371</td><td>5,444</td><td>496</td><td>71</td><td>360</td><td>3,255</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>1,099</td><td>2,179</td><td>343</td><td>179</td><td>7,583</td><td>6,594</td><td>345</td><td>71</td><td>574</td><td>3,783</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>1,427</td><td>2,086</td><td>387</td><td>216</td><td>9,069</td><td>6,841</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>1941</td><td>7,607</td><td>6,701</td><td>3,470</td><td>3,231</td><td>392</td><td>514</td><td>12,774</td><td>12,611</td><td>-136</td><td>234</td><td>64</td><td>5,167</td></tr><tr><td>1940-June</td><td>649 2/</td><td>560 2/</td><td>464</td><td>96 2/</td><td>28</td><td>61</td><td>934</td><td>883</td><td>3</td><td>-</td><td>47</td><td>285 2/</td></tr><tr><td>July</td><td>331</td><td>290</td><td>50</td><td>240</td><td>25</td><td>16</td><td>830</td><td>700</td><td>5</td><td>114</td><td>12</td><td>499</td></tr><tr><td>August</td><td>447</td><td>403</td><td>38</td><td>365</td><td>24</td><td>20</td><td>708</td><td>693</td><td>-13</td><td>25</td><td>3</td><td>261</td></tr><tr><td>September</td><td>710</td><td>672</td><td>432</td><td>240</td><td>23</td><td>16</td><td>760</td><td>757</td><td>-9</td><td>10</td><td>2</td><td>50</td></tr><tr><td>October</td><td>333</td><td>287</td><td>44</td><td>243</td><td>29</td><td>17</td><td>870</td><td>874</td><td>-5</td><td>-</td><td>1</td><td>537</td></tr><tr><td>November</td><td>362</td><td>316</td><td>49</td><td>267</td><td>28</td><td>18</td><td>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>147</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><tr><td>June</td><td>1,276</td><td>1,210</td><td>916</td><td>294</td><td>38</td><td>28</td><td>1,546</td><td>1,529</td><td>-1</td><td>-</td><td>17</td><td>270</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.
5
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 1/</th><th>Agricultural Adjustment program</th><th>Civilian Conservation Corps</th><th>Social Security and Railroad Retirement Act</th><th>Interest on the public debt</th><th>Other</th></tr><tr><td>1933</td><td>3,668</td><td>599</td><td>668</td><td>763</td><td>38</td><td>-</td><td>311</td><td>-</td><td>-</td><td>-</td><td>689</td><td>600</td></tr><tr><td>1934</td><td>5,444</td><td>387</td><td>540</td><td>507</td><td>1,512</td><td>-</td><td>543</td><td>289</td><td>332</td><td>-</td><td>757</td><td>577</td></tr><tr><td>1935</td><td>6,594</td><td>516</td><td>710</td><td>557</td><td>1,832</td><td>-</td><td>662</td><td>712</td><td>436</td><td>-</td><td>821</td><td>348</td></tr><tr><td>1936</td><td>6,841</td><td>586</td><td>911</td><td>578</td><td>436</td><td>1,264</td><td>647</td><td>533</td><td>486</td><td>29</td><td>749</td><td>562</td></tr><tr><td>1937</td><td>7,370</td><td>718</td><td>935</td><td>580</td><td>13</td><td>1,896</td><td>767</td><td>527</td><td>385</td><td>184</td><td>866</td><td>499</td></tr><tr><td>1938</td><td>6,898</td><td>632</td><td>1,028</td><td>582</td><td>5</td><td>1,472</td><td>664</td><td>362</td><td>326</td><td>335</td><td>926</td><td>566</td></tr><tr><td>1939</td><td>8,432</td><td>721</td><td>1,163</td><td>557</td><td>1</td><td>2,240</td><td>928</td><td>787</td><td>290</td><td>347</td><td>941</td><td>457</td></tr><tr><td>1940</td><td>8,736</td><td>807</td><td>1,559</td><td>557</td><td>-</td><td>1,478</td><td>1,021</td><td>1,020</td><td>283</td><td>392</td><td>1,041</td><td>578</td></tr><tr><td>1941</td><td>12,611</td><td>589</td><td>6,048</td><td>553</td><td>-</td><td>1,285</td><td>743</td><td>962</td><td>257</td><td>456</td><td>1,111</td><td>607</td></tr><tr><td>1940-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><tr><td>June</td><td>1,529</td><td>65</td><td>808</td><td>45</td><td>-</td><td>96</td><td>54</td><td>32</td><td>20</td><td>18</td><td>339</td><td>52</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 highway, 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 Employee Retirement Funds (U. S. share)</th></tr><tr><td>1933</td><td>74</td><td>74</td><td>-</td><td>121</td><td>-</td><td>100</td><td>-</td><td>21</td></tr><tr><td>1934</td><td>496</td><td>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>1941</td><td>-136</td><td>-159</td><td>23</td><td>234</td><td>124</td><td>10</td><td>7</td><td>93</td></tr><tr><td>1940-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>7</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/</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>June</td><td>-1</td><td>*</td><td>-1</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 transfers to the Old-Age Reserve Account or to the Federal Old-Age and Survivors Insurance Trust Fund prior to July 1, 1940 are excluded from both receipts and expenditures. These deductions are made to give effect to the 1939 amendments to the Social Security Act, effective in this respect on July 1, 1940, and to facilitate comparison of operations under the amendments with those of prior years.
2/ Reflects receipt of $100 millions by the Secretary of the Treasury representing reduction of capital stock of Federal Farm Mortgage Corporation.
6
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="6">Expenditures</th><th rowspan="2">Excess of expenditures 4/</th></tr><tr><th>Total</th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Less amounts credited to Federal Old-Age and Survivors Insurance Trust Fund 1/</th><th>Net receipts</th><th>Total</th><th>Administrative expenses 2/</th><th>Grants to States Total</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>217.4</td><td>332.1</td><td>20.0</td><td>271.5</td><td>229.6</td><td>41.9</td><td>40.6</td><td>114.7</td></tr><tr><td>1939</td><td>631.2</td><td>530.4</td><td>100.9</td><td>503.0</td><td>128.2</td><td>343.3</td><td>21.3</td><td>320.3</td><td>261.4</td><td>58.9</td><td>1.7</td><td>215.1</td></tr><tr><td>1940</td><td>712.2</td><td>604.7</td><td>107.5</td><td>537.7 5/</td><td>174.5</td><td>384.2</td><td>25.3</td><td>356.5</td><td>298.2</td><td>58.3</td><td>2.5</td><td>209.7</td></tr><tr><td>1941</td><td>788.2</td><td>690.5</td><td>97.7</td><td>661.3</td><td>126.9</td><td>449.4</td><td>31.5</td><td>415.2</td><td>352.2</td><td>63.0</td><td>2.7</td><td>322.5</td></tr><tr><td>1940-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>41.7</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><tr><td>June</td><td>4.1</td><td>3.3</td><td>.8</td><td>1.1</td><td>3.0</td><td>16.9</td><td>2.6</td><td>14.0</td><td>12.8</td><td>1.2</td><td>.3</td><td>13.9</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 tables 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 8 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>End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th></th><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimbursement for administrative expenses</th><th>Total</th><th>Investments</th><th>Unexpended To credit of Trust Fund on books of Treasury</th><th>Unexpended To credit of disbursement officers</th></tr><tr><td>1936</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>267.3</td><td>267.1</td><td>.1</td><td>.1</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>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>1938</td><td>782.7</td><td>765.0</td><td>652.0</td><td>113.0</td><td>17.7</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>1939</td><td>1,199.6</td><td>1,155.0</td><td>1,155.0</td><td>-</td><td>44.6</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</td><td>1,792.1</td><td>1,705.0</td><td>1,705.0</td><td>-</td><td>87.1</td><td>138.6</td><td>99.5</td><td>39.1</td><td>2,397.6</td><td>2,380.6</td><td>6.2</td><td>10.8</td></tr><tr><td>1941</td><td>2,536.2</td><td>2,393.1</td><td>2,393.1</td><td>-</td><td>143.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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-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><tr><td>June</td><td>2,536.2</td><td>2,393.1</td><td>2,393.1</td><td>-</td><td>143.1</td><td>138.6</td><td>99.5</td><td>39.1</td><td>2,397.6</td><td>2,380.6</td><td>6.2</td><td>10.8</td></tr></table>
Sources:
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.
7
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Receipts Total</th><th colspan="5">Expenditureee</th><th rowspan="2">Excess of expenditures 2/</th></tr><tr><th>Total</th><th>Administrative expenses 1/</th><th>Transfere to Railroad Retirement account (Trust account)</th><th>Advances to Railroad Un-employment In-urance Account</th><th>Transfere to Railroad Un-employment In-urance Account</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>1941</td><td>143.8</td><td>139.1</td><td>7.2</td><td>124.4</td><td>-</td><td>7.5</td><td>-4.7</td></tr><tr><td>1940-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>8.1</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>-7.1</td></tr><tr><td>June</td><td>27.8</td><td>1.0</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>-26.8</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 rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Expenditures</th><th colspan="4">Balance</th></tr><tr><th>Total receipts</th><th colspan="3">Appropriations by Congress</th><th>Total</th><th>Investments</th><th>To credit of appropriations</th><th>Unexpended To credit of disbursing officer</th></tr><tr><th></th><th></th><th>Total</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th>Interest on investments</th><th>Benefit payments</th><th></th><th></th><th></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>-</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>-</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>1.2</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>13.2</td><td>2.3</td></tr><tr><td>1940</td><td>390.8</td><td>384.9</td><td>374.2</td><td>10.7</td><td>5.9</td><td>298.7</td><td>92.1</td><td>79.4</td><td>10.8</td><td>1.8</td></tr><tr><td>1941</td><td>506.9</td><td>498.5</td><td>498.5</td><td>-</td><td>8.4</td><td>419.9</td><td>87.0</td><td>74.0</td><td>2.5</td><td>10.5</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-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>1.1</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><tr><td>June</td><td>506.9</td><td>498.5</td><td>493.5</td><td>-</td><td>8.4</td><td>419.9</td><td>87.0</td><td>74.0</td><td>2.5</td><td>10.5</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 appropriate</th><th>Transfer from Railroad Unemployment Insurance Administration Fund</th><th>Interest on investments</th><th>Total expenditure</th><th>With-drawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total</th><th>Investments</th><th>Unexpended balances</th></tr><tr><th></th><th colspan="6">Railroad Unemployment Insurance Account</th><th colspan="3">Railroad Unemployment Insurance Account</th><th colspan="3">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>31.4</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>1,869.5</td><td>-</td><td>-</td><td>-</td><td>44.5</td><td>633.5</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>2,871.1</td><td>2,729.3</td><td>44.2</td><td>15.0</td><td>-</td><td>82.6</td><td>1,146.3</td><td>1,116.7</td><td>14.6</td><td>1,724.8</td><td>1,710.0</td><td>13.4</td></tr><tr><td>1941</td><td>3,881.0</td><td>3,621.4</td><td>105.6</td><td>15.0</td><td>7.5</td><td>131.5</td><td>1,597.3</td><td>1,550.0</td><td>32.3</td><td>2,283.7</td><td>2,273.0</td><td>8.0</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-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>1,490.3</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>1,566.5</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>June</td><td>3,881.0</td><td>3,621.4</td><td>105.6</td><td>15.0</td><td>7.5</td><td>131.5</td><td>1,597.3</td><td>1,550.0</td><td>32.3</td><td>2,283.7</td><td>2,273.0</td><td>8.0</td></tr></table>
Source: Daily Treasury Statements. 1/ Receipts exclude transfers from States. Expenditures exclude transfers to Railroad Unemployment Insurance Account. 2/ Railroad unemployment benefits and refunds.
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="7">1941</th></tr><tr><th></th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th></tr><tr><td>CASH INCOME</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income tax.</td><td>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>63</td><td>916</td></tr><tr><td>Miscellaneous internal revenue.</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><td>265</td></tr><tr><td>Taxes under Social Security Act.</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><td>4</td></tr><tr><td>Taxes upon carriers and their employees.</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><td>26</td></tr><tr><td>Customs.</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><td>38</td></tr><tr><td>Other.</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><td>19</td></tr><tr><td>Subtotal.</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>541</td><td>1,268</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposits by States).</td><td>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><td>25</td></tr><tr><td>Trust accounts.</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><td>16</td></tr><tr><td>Subtotal.</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><td>61</td></tr><tr><td>Total cash income.</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>749</td><td>1,329</td></tr><tr><td>CASH OUTGO</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense.</td><td>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><td>808</td></tr><tr><td>Social Security Act (grants and administrative expenses) 2/.</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><td>18</td></tr><tr><td>Interest on the public debt.</td><td>193</td><td>16</td><td>16</td><td>145</td><td>69</td><td>7</td><td>190</td><td>14</td><td>16</td><td>145</td><td>69</td><td>8</td><td>68</td></tr><tr><td>Public Works.</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><td>52</td></tr><tr><td>Agricultural aid 3/.</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><td>41</td></tr><tr><td>National Youth Administration.</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><td>14</td></tr><tr><td>Work Projects Administration.</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><td>96</td></tr><tr><td>Other.</td><td>150</td><td>191</td><td>173</td><td>155</td><td>166</td><td>141</td><td>153</td><td>169</td><td>138</td><td>154</td><td>164</td><td>149</td><td>294</td></tr><tr><td>Subtotal.</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><td>1,391</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>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><td>77</td></tr><tr><td>Commodity Credit Corporation.</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><td>-16</td></tr><tr><td>Unemployment trust fund.</td><td>54</td><td>57</td><td>53</td><td>38</td><td>34</td><td>30</td><td>31</td><td>39</td><td>41</td><td>37</td><td>33</td><td>30</td><td>31</td></tr><tr><td>Federal Old-Age and Survivors Insurance Trust Fund.</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><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>11</td><td>10</td></tr><tr><td>Other.</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><td>45</td></tr><tr><td>Subtotal.</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><td>154</td></tr><tr><td>Redemption of adjusted service bonds.</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><td>3</td></tr><tr><td>Total cash outgo.</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><td>1,548</td></tr><tr><td>EXCESS OF CASH OUTGO.</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><td>219</td></tr></table>
1/ These figures are not intended to reflect the budgetary position of the Government. They will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in Daily Treasury Statements and in other tables in this Bulletin. For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the text in February 1939 Bulletin.
2/ Includes refunds of taxes.
3/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration and Farm Tenant Act.
Total Cash Income and Outgo, by Months
(In millions of dollars)
<table><tr><th></th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Total</th></tr><tr><td>Cash income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>249</td><td>240</td><td>171</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>757</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>354</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>798</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>1,329</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>431</td><td>489</td><td>621</td><td>650</td><td>549</td><td>1,600</td><td>919</td><td>707</td><td>736</td><td>762</td><td>602</td><td>676</td><td>8,742</td></tr><tr><td>1937</td><td>476</td><td>550</td><td>791</td><td>720</td><td>542</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>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>726</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>1,548</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Excess of cash outgo</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1936</td><td>182</td><td>249</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-157</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>382</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>219</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
-10-
11
Assets of the General Fund of the Treasury
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total</th><th>Bullion, coin, and currency</th><th>Deposits in Federal Reserve Banks</th><th>Special deposit account of sales of Government securities</th><th>Other deposits and collections</th></tr><tr><td>1933</td><td>1,103</td><td>184</td><td>51</td><td>837</td><td>31</td></tr><tr><td>1934</td><td>3,033</td><td>1,045</td><td>97</td><td>1,854</td><td>37</td></tr><tr><td>1935</td><td>2,016</td><td>1,044</td><td>118</td><td>799</td><td>55</td></tr><tr><td>1936</td><td>2,936</td><td>855</td><td>862</td><td>1,151</td><td>58</td></tr><tr><td>1937</td><td>2,709</td><td>1,863</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>1941</td><td>2,812</td><td>1,003</td><td>1,024</td><td>661</td><td>124</td></tr><tr><td>1940-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><tr><td>June</td><td>2,812</td><td>1,003</td><td>1,024</td><td>661</td><td>124</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>1941</td><td>2,612</td><td>179</td><td>2,433</td><td>1,385</td><td>605</td><td>143</td><td>-</td></tr><tr><td>1940-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>161</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>2,201</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>357</td><td>601</td><td>143</td><td>-</td></tr><tr><td>March</td><td>2,685</td><td>170</td><td>2,515</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><tr><td>June</td><td>2,612</td><td>179</td><td>2,613</td><td>1,885</td><td>605</td><td>143</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
PUBLIC DEBT OF THE UNITED STATES (Excluding data on ownership)
-12-
23
Statement of the Outstanding Public Debt on June 30, 1940 and June 30, 1941
(In millions of dollars)
<table><tr><th></th><th>June 30, 1940</th><th>June 30, 1941</th><th>Change</th><th></th><th>June 30, 1940</th><th>June 30, 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>19</td><td>+8</td></tr><tr><td>Treasury bonds</td><td>26,555</td><td>30,215</td><td>+3,660</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>5,698</td><td>-685</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>1,738</td><td>2,381</td><td>+643</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>531</td><td>+7</td></tr><tr><td></td><td></td><td></td><td></td><td>Government Retirement Fund</td><td>559</td><td>656</td><td>+97</td></tr><tr><td>Total marketable issues</td><td>34,436</td><td>37,712</td><td>+3,276</td><td>National Service Life Insurance Fund</td><td>-</td><td>3</td><td>+3</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td>Postal Savings System</td><td>97</td><td>88</td><td>-9</td></tr><tr><td>U. S. savings bonds</td><td>2,905</td><td>4,314</td><td>+1,409</td><td>Railroad Retirement Account</td><td>80</td><td>74</td><td>-6</td></tr><tr><td>Adjusted service bonds</td><td>261</td><td>241</td><td>-20</td><td>Unemployment Trust Fund</td><td>1,710</td><td>2,273</td><td>+563</td></tr><tr><td>Total non-marketable issues</td><td>3,166</td><td>4,555</td><td>+1,389</td><td>Total special issues</td><td>4,775</td><td>6,120</td><td>+1,345</td></tr><tr><td>Total public issues</td><td>37,602</td><td>42,267</td><td>+4,665</td><td>Total interest-bearing public debt</td><td>42,377</td><td>48,387</td><td>+6,010</td></tr><tr><td></td><td></td><td></td><td></td><td>Matured debt on which interest has ceased</td><td>204</td><td>205</td><td>+1</td></tr><tr><td></td><td></td><td></td><td></td><td>Debt bearing no interest</td><td>386</td><td>369</td><td>-17</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt</td><td>42,967</td><td>48,961</td><td>+5,994</td></tr></table>
Sources: Daily Treasury Statements.
Composition of the Public Debt
(In millions of dollars)
<table><tr><th rowspan="3">End of fiscal year or month</th><th colspan="9">Grose public debt</th><th rowspan="3">Matured debt</th><th rowspan="3">Debt bearing no interest</th></tr><tr><th rowspan="2">Total</th><th colspan="6">Interest-bearing public debt</th><th rowspan="2">Special issues</th></tr><tr><th>Total</th><th colspan="2">Bonds</th><th colspan="2">Notes</th><th colspan="2">Bills and certificates of indebtedness</th></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>Amount</th><th>% of total interest-bearing debt</th></tr><tr><td>1933</td><td>22,539</td><td>22,158</td><td>14,223</td><td>64.2</td><td>4,548</td><td>20.5</td><td>3,063</td><td>13.8</td><td>323</td><td>1.5</td><td>66</td><td>315</td></tr><tr><td>1934</td><td>27,053</td><td>26,480</td><td>16,510</td><td>62.4</td><td>6,653</td><td>25.1</td><td>2,921</td><td>11.0</td><td>396</td><td>1.5</td><td>54</td><td>518</td></tr><tr><td>1935</td><td>28,701</td><td>27,645</td><td>14,936</td><td>54.0</td><td>10,023</td><td>36.3</td><td>2,053</td><td>7.4</td><td>633</td><td>2.3</td><td>231</td><td>825</td></tr><tr><td>1936</td><td>33,779</td><td>32,989</td><td>18,628</td><td>56.5</td><td>11,381</td><td>34.5</td><td>2,354</td><td>7.1</td><td>626</td><td>1.9</td><td>169</td><td>620</td></tr><tr><td>1937</td><td>36,425</td><td>35,800</td><td>21,322</td><td>59.6</td><td>10,617</td><td>29.7</td><td>2,304</td><td>6.4</td><td>1,558</td><td>4.3</td><td>119</td><td>506</td></tr><tr><td>1938</td><td>37,165</td><td>36,576</td><td>23,599</td><td>64.5</td><td>9,147</td><td>25.0</td><td>1,154</td><td>3.2</td><td>2,676</td><td>7.3</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>42,967</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>204</td><td>386</td></tr><tr><td>1941</td><td>48,961</td><td>48,387</td><td>34,966</td><td>72.3</td><td>5,698</td><td>11.8</td><td>1,603</td><td>3.3</td><td>6,120</td><td>12.6</td><td>205</td><td>369</td></tr><tr><td>1940-June</td><td>42,967</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>204</td><td>386</td></tr><tr><td>July</td><td>43,771</td><td>43,186</td><td>30,647</td><td>70.9</td><td>6,384</td><td>14.8</td><td>1,302</td><td>3.0</td><td>4,853</td><td>11.2</td><td>198</td><td>386</td></tr><tr><td>August</td><td>43,905</td><td>43,317</td><td>30,696</td><td>70.9</td><td>6,384</td><td>14.7</td><td>1,303</td><td>3.0</td><td>4,934</td><td>11.4</td><td>205</td><td>383</td></tr><tr><td>September</td><td>44,073</td><td>43,480</td><td>30,730</td><td>70.7</td><td>6,384</td><td>14.7</td><td>1,303</td><td>3.0</td><td>5,063</td><td>11.6</td><td>212</td><td>381</td></tr><tr><td>October</td><td>44,137</td><td>43,560</td><td>31,492</td><td>72.3</td><td>5,660</td><td>13.0</td><td>1,307</td><td>3.0</td><td>5,101</td><td>11.7</td><td>197</td><td>380</td></tr><tr><td>November</td><td>44,273</td><td>43,707</td><td>31,530</td><td>72.1</td><td>5,660</td><td>12.9</td><td>1,308</td><td>3.0</td><td>5,209</td><td>11.9</td><td>187</td><td>379</td></tr><tr><td>December</td><td>45,025</td><td>44,459</td><td>31,601</td><td>71.1</td><td>6,178</td><td>13.9</td><td>1,510</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>45,322</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>371</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><tr><td>June</td><td>48,951</td><td>48,387</td><td>34,966</td><td>72.3</td><td>5,698</td><td>11.8</td><td>1,603</td><td>3.3</td><td>6,120</td><td>12.6</td><td>205</td><td>369</td></tr></table>
Source: Daily Treasury Statements.
14
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT
15
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding
As of June 30, 1941
(amount in millions of dollars) $/
<table><tr><th colspan="4">Classified by year in which issues are first callable 3/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941</td><td></td><td></td><td></td><td>1941</td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>1,603</td><td></td><td></td><td>Bills</td><td>1,603</td><td></td><td></td></tr><tr><td>1-1/4% Bonds - 8/1/41</td><td>47</td><td></td><td></td><td>3-1/4% Bonds - 6/1/41</td><td>47</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>1,854</td><td>-</td><td>1,854</td><td>Total</td><td>1,854</td><td>-</td><td>1,854</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>2,854</td><td>Total</td><td>1,000</td><td>-</td><td>2,854</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>66</td><td></td><td></td><td>3/4% Notes D - 3/15/43</td><td>66</td><td></td><td></td></tr><tr><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td></tr><tr><td>3-3/32% Bonds - 6/15/43-47</td><td></td><td>454</td><td></td><td>1% Notes C - 9/15/43</td><td>279</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/43</td><td>279</td><td></td><td></td><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 10/15/43-45</td><td></td><td>1,401</td><td></td><td>Total</td><td>1,395</td><td>-</td><td>4,249</td></tr><tr><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>1,395</td><td>1,855</td><td>6,104</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>1-1/4% Bonds - 4/15/44-46</td><td></td><td>1,519</td><td></td><td>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td></tr><tr><td>1% Notes A - 6/15/44</td><td>416</td><td></td><td></td><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/44</td><td>283</td><td></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>1% Notes D (Nat. Defense Series) - 9/15/44</td><td>635</td><td></td><td></td><td>Total</td><td>1,849</td><td>-</td><td>6,093</td></tr><tr><td>1-1/4% Bonds - 12/15/44-54</td><td></td><td>1,037</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>10,509</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>1-1/4% Notes A - 3/15/45</td><td>718</td><td></td><td></td><td>3/4% Notes A - 3/15/45</td><td>718</td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 9/15/45-47</td><td></td><td>1,214</td><td></td><td>3-1/4% Bonds - 10/15/43-45</td><td></td><td>1,401</td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td></td><td></td><td>2-1/2% Bonds - 12/15/45</td><td>541</td><td></td><td></td></tr><tr><td>3/4% Notes B (Nat. Defense Series) - 12/15/45</td><td>531</td><td></td><td></td><td>3/4% Notes B (Nat. Defense Series) - 12/15/45</td><td>531</td><td></td><td></td></tr><tr><td>Total</td><td>1,790</td><td>1,214</td><td>13,513</td><td>Total</td><td>1,790</td><td>1,401</td><td>9,289</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></td><td>489</td><td></td><td>3-1/4% Bonds - 4/15/44-46</td><td></td><td>1,519</td><td></td></tr><tr><td>3% Bonds - 6/15/46-48</td><td></td><td>1,036</td><td></td><td>Total</td><td>16</td><td>1,519</td><td>10,824</td></tr><tr><td>3-1/8% Bonds - 6/15/46-49</td><td></td><td>819</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>15,873</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></td><td>759</td><td></td><td>3-3/8% Bonds - 6/15/43-47</td><td></td><td>454</td><td></td></tr><tr><td>2% Bonds - 12/15/47</td><td>701</td><td></td><td></td><td>2-3/4% Bonds - 9/15/45-47</td><td></td><td>1,214</td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>17,346</td><td>2% Bonds - 12/15/47</td><td>701</td><td>1,668</td><td>13,206</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></td><td>1,115</td><td></td><td>3% Bonds - 6/15/46-48</td><td></td><td>1,036</td><td></td></tr><tr><td>2-3/4% Bonds - 3/15/48-51</td><td></td><td>1,223</td><td></td><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td></td><td></td><td>Total</td><td>451</td><td>1,036</td><td>14,693</td></tr><tr><td>2% Bonds - 12/15/48-50</td><td></td><td>571</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total</td><td>451</td><td>2,909</td><td>20,706</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></td><td>1,786</td><td></td><td>3-1/8% Bonds - 6/15/46-49</td><td></td><td>819</td><td></td></tr><tr><td>3-1/8% Bonds - 12/15/49-52</td><td></td><td>491</td><td></td><td>Total</td><td>-</td><td>819</td><td>15,512</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>22,983</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></td><td>1,186</td><td></td><td>2% Bonds - 3/15/48-50</td><td></td><td>1,115</td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>24,169</td><td>2% Bonds - 12/15/48-50</td><td>-</td><td>571</td><td>17,198</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)
16
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding
As of June 30, 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 2-3/4% Bonds - 6/15/51-54.. 3% Bonds - 9/15/51-55.. 2-1/4% Bonds - 12/15/51-53.. Total............</td><td>-</td><td>1,627 755 1,118 3,500</td><td>27,669</td><td>1951 2-3/4% Bonds - 3/15/48-51.. Total............</td><td>-</td><td>1,223 1,223</td><td>18,421</td></tr><tr><td>1952 2-1/2% Bonds - 3/15/52-54.. Total............</td><td>-</td><td>1,024 1,024</td><td>28,693</td><td>1952 2-1/2% Bonds - 9/15/50-52.. 4-1/4% Bonds - 10/15/47-52.. 3-1/8% Bonds - 12/15/49-52.. Total............</td><td>-</td><td>1,186 759 491 2,436</td><td>20,857</td></tr><tr><td>1953 2% Bonds - 6/15/53-55.. Total............</td><td>-</td><td>725 725</td><td>29,418</td><td>1953 2-1/4% Bonds - 12/15/51-53.. 2-1/2% Bonds - 12/15/49-53.. Total............</td><td>-</td><td>1,118 1,785 2,904</td><td>23,761</td></tr><tr><td>1954 2-1/4% Bonds - 6/15/54-56.. Total............</td><td>-</td><td>681 681</td><td>30,099</td><td>1954 2-1/2% Bonds - 3/15/52-54.. 2-3/4% Bonds - 6/15/51-54.. 4% Bonds - 12/15/44-54.. Total............</td><td>-</td><td>1,024 1,627 1,037 3,688</td><td>27,449</td></tr><tr><td>1955 2-7/8% Bonds - 3/15/55-60.. Total............</td><td>-</td><td>2,611 2,611</td><td>32,710</td><td>1955 2% Bonds - 6/15/53-55.. 3% Bonds - 9/15/51-55.. Total............</td><td>-</td><td>725 755 1,480</td><td>28,929</td></tr><tr><td>1956 2-1/2% Bonds - 3/15/56-58.. 2-3/4% Bonds - 9/15/56-59.. Total............</td><td>-</td><td>1,448 982 2,430</td><td>35,140</td><td>1956 3-3/4% Bonds - 3/15/46-56.. 2-1/4% Bonds - 6/15/54-56.. Total............</td><td>-</td><td>889 681 1,170</td><td>30,099</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>35,140</td><td>1957</td><td>-</td><td>-</td><td>30,099</td></tr><tr><td>1958 2-3/4% Bonds - 6/15/58-63.. Total............</td><td>-</td><td>919 919</td><td>36,059</td><td>1958 2-1/2% Bonds - 3/15/56-58.. Total............</td><td>-</td><td>1,448 1,448</td><td>31,547</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>36,059</td><td>1959 2-3/4% Bonds - 9/15/56-59.. Total............</td><td>-</td><td>982 982</td><td>32,529</td></tr><tr><td>1960 2-3/4% Bonds - 12/15/60-65.. Total............</td><td>-</td><td>1,485 1,485</td><td>37,544</td><td>1960 2-7/8% Bonds - 3/15/55-60.. Total............</td><td>-</td><td>2,611 2,611</td><td>35,140</td></tr><tr><td>1961 3% Panama Canal bonds - 6/1/61...... Total............</td><td>50 50</td><td>-</td><td>37,594</td><td>1961 3% Panama Canal bonds - 6/1/61...... Total............</td><td>50 50</td><td>-</td><td>35,190</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>37,594</td><td>1962</td><td>-</td><td>-</td><td>35,190</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>37,594</td><td>1963 2-3/4% Bonds - 6/15/58-63.. Total............</td><td>-</td><td>919 919</td><td>36,109</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>37,594</td><td>1964</td><td>-</td><td>-</td><td>36,109</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>37,594</td><td>1965 2-3/4% Bonds - 12/15/60-65.. Total............</td><td>-</td><td>1,485 1,485</td><td>37,594</td></tr></table>
Source: Daily Treasury Statement.
1/ Excludes postal saving 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
Statement Showing Details of Major Financing Operations of the Treasury Since January 1, 1938
(In millions of dollars)
<table><tr><th rowspan="2">Date of issue</th><th rowspan="2">Rate per cent</th><th rowspan="2">Term</th><th rowspan="2">Call and maturity dates</th><th colspan="2">Amount issued</th><th rowspan="2">Amount of cash subscriptions tendered</th><th colspan="7">New securities allotted</th></tr><tr><th>Treasury bonds</th><th>Treasury notes and certificates</th><th rowspan="2">For cash</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certificates</th><th>Date of issue</th><th>Rate per cent</th><th>Call or maturity date</th></tr><tr><td>1938-Mar. 15.</td><td>2-1/2</td><td>10 years 6 mos.</td><td>Sept. 15, 1948</td><td>451</td><td>-</td><td>-</td><td>-</td><td>-</td><td>451</td><td>Mar. 15, 1934</td><td>3</td><td>Mar. 15, 1938</td></tr><tr><td>June 15.</td><td>2-3/4</td><td>20-25 years</td><td>June 15, 1958 June 15, 1963</td><td>919</td><td>-</td><td>-</td><td>-</td><td>-</td><td>572 347</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>June 15.</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>268</td><td>-</td><td>-</td><td>-</td><td>36 232</td><td>June 15, 1933 Sept. 15, 1934</td><td>2-7/8 2-1/2</td><td>June 15, 1938 Sept.15, 1938</td></tr><tr><td>Sept. 15.</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>867</td><td>-</td><td>4,487</td><td>462</td><td>-</td><td>405</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Sept. 15. (Add. 6/15/38)</td><td>1-1/8</td><td>5 years</td><td>June 15, 1943</td><td>-</td><td>361</td><td>3,062</td><td>342</td><td>-</td><td>19</td><td>Sept. 15, 1937</td><td>1-1/4</td><td>Dec. 15, 1938</td></tr><tr><td>Dec. 15.</td><td>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>358</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>391</td><td>-</td><td>-</td><td>-</td><td>-</td><td>894</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 9/15/38)</td><td>2-1/2</td><td>12-14 years</td><td>Sept. 15, 1950 Sept. 15, 1952</td><td>319</td><td>-</td><td>-</td><td>-</td><td>-</td><td>319</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>Mar. 15. (Add. 12/15/38)</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>-</td><td>53</td><td>June 15, 1934</td><td>2-1/8</td><td>June 15, 1939</td></tr><tr><td>June 15.</td><td>3/4</td><td>5 years</td><td>June 15, 1944</td><td>-</td><td>416</td><td>-</td><td>-</td><td>-</td><td>416</td><td>June 15, 1937</td><td>1-3/8</td><td>Sept.15, 1939</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 4 1/2 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>-</td><td>515</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>(6,264 50 1/2 100 1/2)</td><td>521 50 1/2 100 1/2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dec. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>100 1/2</td><td>100 1/2</td><td>-</td><td>1,018</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>Dec. 22.</td><td>1</td><td>4 years 9 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>283</td><td>-</td><td>-</td><td>-</td><td>283</td><td>Mar. 15, 1935</td><td>1-5/8</td><td>Mar. 15, 1940</td></tr><tr><td>1940-Mar. 15.</td><td>3/4</td><td>5 years</td><td>Mar. 15, 1945</td><td>-</td><td>718</td><td>-</td><td>-</td><td>-</td><td>718</td><td>June 15, 1935</td><td>1-1/2</td><td>June 15, 1940</td></tr><tr><td>June 15.</td><td>1</td><td>3 years 3 mos.</td><td>Sept. 15, 1943</td><td>-</td><td>279</td><td>-</td><td>-</td><td>279</td><td>-</td><td>July 16, 1928</td><td>3-3/8</td><td>June 15, 1940</td></tr><tr><td>July 22.</td><td>2-1/4</td><td>14-16 years</td><td>June 15, 1954 June 15, 1956</td><td>681</td><td>-</td><td>(6,605 50 1/2)</td><td>631 50 1/2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct. 7.</td><td>2</td><td>13-15 years</td><td>June 15, 1953 June 15, 1955</td><td>725</td><td>-</td><td>-</td><td>-</td><td>-</td><td>725</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1940</td></tr><tr><td>Dec. 18.</td><td>3/4</td><td>5 years</td><td>Dec. 15, 1945</td><td>-</td><td>531</td><td>4,071</td><td>531</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941-Jan. 31.</td><td>3/4</td><td>3 years 7 1/2 mos.</td><td>Sept. 15, 1944</td><td>-</td><td>635</td><td>2,756</td><td>635</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mar. 15.</td><td>2</td><td>7-9 years</td><td>Mar. 15, 1948 Mar. 15, 1950</td><td>1,116</td><td>-</td><td>-</td><td>-</td><td>482</td><td>-</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 15.</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>32</td><td>-</td><td>-</td><td>5</td><td>27</td><td>Mar. 16, 1931 Mar. 16, 1936</td><td>3-3/8 1-1/2</td><td>Mar. 15, 1941 Mar. 15, 1941</td></tr><tr><td>Mar. 31. (Add. 3/15/41)</td><td>3/4</td><td>2 years</td><td>Mar. 15, 1943</td><td>-</td><td>33</td><td>-</td><td>-</td><td>-</td><td>33</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>Mar. 31.</td><td>2-1/2</td><td>11-13 years</td><td>Mar. 15, 1952 Mar. 15, 1954</td><td>1,024</td><td>-</td><td>(6,145 50 1/2)</td><td>526 50 1/2</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 9 1/2 mos.</td><td>Mar. 15, 1956</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><tr><td></td><td></td><td>16 years 9 1/2 mos.</td><td>Mar. 15, 1958</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Back Figures: For financing from July 1, 1933 through December 31, 1937 see March 1939 Bulletin, pp. 16-18. 1/ These amounts were sold to Government investment accounts direct.
18
Treasury Bill Offerings since June 1, 1940
<table><tr><th>Date of issue</th><th>Date of maturity</th><th>Number of days to maturity</th><th>Total amount applied for (In millions of dollars)</th><th colspan="3">Bids accepted</th><th>Amount of maturing issue (In millions of dollars)</th></tr><tr><th></th><th></th><th></th><th></th><th>Amount (in millions of dollars)</th><th>Average price (per hundred)</th><th>Average equivalent rate 1/ (Percent)</th><th></th></tr><tr><td>1940-June 5</td><td>Sept. 4</td><td>91</td><td>209.2</td><td>100.0</td><td>99.977</td><td>0.089</td><td>100.7</td></tr><tr><td>June 12</td><td>Sept.11</td><td>91</td><td>244.7</td><td>100.0</td><td>99.970</td><td>0.118</td><td>100.7</td></tr><tr><td>June 19</td><td>Sept.18</td><td>91</td><td>247.1</td><td>100.1</td><td>99.976</td><td>0.095</td><td>100.5</td></tr><tr><td>June 26</td><td>Sept.25</td><td>91</td><td>390.1</td><td>100.2</td><td>99.988</td><td>0.046</td><td>100.6</td></tr><tr><td>July 3</td><td>Oct. 2</td><td>91</td><td>335.0</td><td>100.3</td><td>99.994</td><td>0.024</td><td>103.5</td></tr><tr><td>July 10</td><td>Oct. 9</td><td>91</td><td>287.8</td><td>100.4</td><td>99.996</td><td>0.017</td><td>103.7</td></tr><tr><td>July 17</td><td>Oct. 16</td><td>91</td><td>247.4</td><td>100.1</td><td>99.998</td><td>0.003</td><td>103.2</td></tr><tr><td>July 24</td><td>Oct. 23</td><td>91</td><td>259.9</td><td>100.4</td><td>99.998</td><td>0.006</td><td>100.0</td></tr><tr><td>July 31</td><td>Oct. 30</td><td>91</td><td>237.6</td><td>100.4</td><td>99.999</td><td>0.004</td><td>100.1</td></tr><tr><td>Aug. 7</td><td>Nov. 6</td><td>91</td><td>209.0</td><td>100.4</td><td>99.999</td><td>0.004</td><td>100.0</td></tr><tr><td>Aug. 14</td><td>Nov. 13</td><td>91</td><td>156.3</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.0</td></tr><tr><td>Aug. 21</td><td>Nov. 20</td><td>91</td><td>211.4</td><td>100.2</td><td>99.995</td><td>0.021</td><td>100.1</td></tr><tr><td>Aug. 28</td><td>Nov. 27</td><td>91</td><td>235.8</td><td>100.0</td><td>99.993</td><td>0.028</td><td>100.2</td></tr><tr><td>Sept. 4</td><td>Dec. 4</td><td>91</td><td>212.9</td><td>100.1</td><td>99.991</td><td>0.036</td><td>100.0</td></tr><tr><td>Sept.11</td><td>Dec. 11</td><td>91</td><td>255.5</td><td>100.1</td><td>99.990</td><td>0.038</td><td>100.0</td></tr><tr><td>Sept.18</td><td>Dec. 18</td><td>91</td><td>283.3</td><td>100.3</td><td>99.992</td><td>0.032</td><td>100.1</td></tr><tr><td>Sept.25</td><td>Dec. 26</td><td>92</td><td>322.1</td><td>100.0</td><td>99.997</td><td>0.013</td><td>100.2</td></tr><tr><td>Oct. 2</td><td>1941-Jan. 2</td><td>92</td><td>372.5</td><td>101.5</td><td>100.000</td><td>0.000</td><td>100.3</td></tr><tr><td>Oct. 9</td><td>Jan. 8</td><td>91</td><td>500.7</td><td>101.9</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Oct. 16</td><td>Jan. 15</td><td>91</td><td>475.6</td><td>100.6</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Oct. 23</td><td>Jan. 22</td><td>91</td><td>413.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Oct. 30</td><td>Jan. 29</td><td>91</td><td>383.9</td><td>100.9</td><td>100.000+</td><td>2/</td><td>100.4</td></tr><tr><td>Nov. 6</td><td>Feb. 5</td><td>91</td><td>236.5</td><td>100.1</td><td>100.000-</td><td>0.002</td><td>100.4</td></tr><tr><td>Nov. 13 3/</td><td>Feb. 13</td><td>92</td><td>285.6</td><td>100.4</td><td>99.999</td><td>0.003</td><td>100.1</td></tr><tr><td>Nov. 20 3/</td><td>Feb. 19</td><td>91</td><td>280.8</td><td>100.3</td><td>99.999</td><td>0.003</td><td>100.2</td></tr><tr><td>Nov. 27 3/</td><td>Feb. 26</td><td>91</td><td>298.6</td><td>101.3</td><td>99.999</td><td>0.004</td><td>100.0</td></tr><tr><td>Dec. 4 3/</td><td>Mar. 5</td><td>91</td><td>374.4</td><td>101.0</td><td>99.999</td><td>0.002</td><td>100.1</td></tr><tr><td>Dec. 11 3/</td><td>Mar. 12</td><td>91</td><td>406.1</td><td>101.2</td><td>100.000-</td><td>0.001</td><td>100.1</td></tr><tr><td>Dec. 18 3/</td><td>Mar. 19</td><td>91</td><td>397.9</td><td>100.3</td><td>100.000+</td><td>2/</td><td>100.3</td></tr><tr><td>Dec. 26 3/</td><td>Mar. 26</td><td>90</td><td>422.3</td><td>100.4</td><td>100.000+</td><td>2/</td><td>100.0</td></tr><tr><td>1941-Jan. 2 3/</td><td>Apr. 2</td><td>90</td><td>618.2</td><td>100.4</td><td>100.003</td><td>2/</td><td>101.5</td></tr><tr><td>Jan. 8 3/</td><td>Apr. 9</td><td>91</td><td>560.5</td><td>100.0</td><td>100.003</td><td>2/</td><td>101.9</td></tr><tr><td>Jan. 15 3/</td><td>Apr. 16</td><td>91</td><td>398.8</td><td>100.0</td><td>100.003</td><td>2/</td><td>100.6</td></tr><tr><td>Jan. 22 3/</td><td>Apr. 23</td><td>91</td><td>304.0</td><td>100.0</td><td>100.001</td><td>2/</td><td>100.5</td></tr><tr><td>Jan. 29 3/</td><td>Apr. 30</td><td>91</td><td>263.1</td><td>101.3</td><td>100.000+</td><td>2/</td><td>100.9</td></tr><tr><td>Feb. 5 3/</td><td>May 7</td><td>91</td><td>312.3</td><td>100.5</td><td>100.000+</td><td>2/</td><td>100.1</td></tr><tr><td>Feb. 13 3/</td><td>May 14</td><td>90</td><td>227.6</td><td>100.3</td><td>100.000-</td><td>0.000+</td><td>100.4</td></tr><tr><td>Feb. 19 3/</td><td>May 21</td><td>91</td><td>209.8</td><td>100.1</td><td>99.998</td><td>0.007</td><td>100.3</td></tr><tr><td>Feb. 26 3/</td><td>May 28</td><td>91</td><td>258.1</td><td>100.1</td><td>99.989</td><td>0.043</td><td>101.3</td></tr><tr><td>Mar. 5</td><td>June 4</td><td>91</td><td>525.3</td><td>200.3</td><td>99.978</td><td>0.085</td><td>101.0</td></tr><tr><td>Mar. 12</td><td>June 11</td><td>91</td><td>452.6</td><td>200.3</td><td>99.970</td><td>0.120</td><td>101.2</td></tr><tr><td>Mar. 19</td><td>June 18</td><td>91</td><td>442.4</td><td>200.2</td><td>99.971</td><td>0.117</td><td>100.3</td></tr><tr><td>Mar. 26</td><td>June 25</td><td>91</td><td>308.8</td><td>100.4</td><td>99.984</td><td>0.065</td><td>100.4</td></tr><tr><td>Apr. 2</td><td>July 2</td><td>91</td><td>290.8</td><td>100.6</td><td>99.985</td><td>0.055</td><td>100.4</td></tr><tr><td>Apr. 9</td><td>July 9</td><td>91</td><td>208.9</td><td>100.1</td><td>99.980</td><td>0.079</td><td>100.0</td></tr><tr><td>Apr. 16</td><td>July 16</td><td>91</td><td>252.6</td><td>100.4</td><td>99.976</td><td>0.093</td><td>100.0</td></tr><tr><td>Apr. 23</td><td>July 23</td><td>91</td><td>247.4</td><td>100.1</td><td>99.975</td><td>0.097</td><td>100.0</td></tr><tr><td>Apr. 30</td><td>July 30</td><td>91</td><td>301.7</td><td>100.1</td><td>99.976</td><td>0.097</td><td>101.3</td></tr><tr><td>May 7</td><td>Aug. 6</td><td>91</td><td>315.8</td><td>100.0</td><td>99.976</td><td>0.096</td><td>100.5</td></tr><tr><td>May 14</td><td>Aug. 13</td><td>91</td><td>374.7</td><td>100.0</td><td>99.983</td><td>0.069</td><td>100.3</td></tr><tr><td>May 21</td><td>Aug. 20</td><td>91</td><td>301.5</td><td>100.5</td><td>99.982</td><td>0.070</td><td>100.1</td></tr><tr><td>May 28</td><td>Aug. 27</td><td>91</td><td>260.4</td><td>100.3</td><td>99.983</td><td>0.069</td><td>100.1</td></tr><tr><td>June 4</td><td>Sept. 3</td><td>91</td><td>334.9</td><td>200.1</td><td>99.973</td><td>0.107</td><td>200.3</td></tr><tr><td>June 11</td><td>Sept.10</td><td>91</td><td>439.5</td><td>200.3</td><td>99.975</td><td>0.100</td><td>200.3</td></tr><tr><td>June 18</td><td>Sept.17</td><td>91</td><td>398.1</td><td>200.6</td><td>99.974</td><td>0.103</td><td>200.2</td></tr><tr><td>June 25</td><td>Sept.24</td><td>91</td><td>267.3</td><td>100.1</td><td>99.983</td><td>0.066</td><td>100.4</td></tr></table>
Source: Accounts of Public Debt Service. Back Figures: Annual Reports of the Secretary of the Treasury. 1/ Bank discount basis. 2/ Negative. 3/ National Defense series.
19
Statement of the Debt Position of the United States Government under Limitations Imposed by Section 21 of the Second Liberty Bond Act, as Amended As of June 30, 1941
<table><tr><td>Total face amount which may be outstanding at any one time.</td><td>$65,000,000,000</td></tr><tr><td>Face amount outstanding as of June 30, 1941:</td><td></td></tr><tr><td>Interest-bearing securities</td><td></td></tr><tr><td>Bonds</td><td></td></tr><tr><td>Treasury</td><td>$30,215,059,200</td></tr><tr><td>Savings (maturity value) 1/</td><td>5,424,014,225</td></tr><tr><td>Adjusted Service</td><td>740,720,406</td></tr><tr><td>Total bonds</td><td>$36,379,793,831</td></tr><tr><td>Treasury notes</td><td>9,026,068,500</td></tr><tr><td>Certificates of indebtedness</td><td>2,292,300,000</td></tr><tr><td>Treasury bills (maturity value)</td><td>1,603,196,000</td></tr><tr><td>Total interest-bearing securities</td><td>$49,301,358,331</td></tr><tr><td>Matured obligations on which interest has ceased</td><td>192,230,400</td></tr><tr><td>Total face amount of securities outstanding</td><td>$49,493,588,731</td></tr><tr><td>Total amount of authorization unused as of June 30, 1941</td><td>$15,506,411,269</td></tr></table>
1/ Approximate maturity value. The current redemption value of U. S. Savings bonds amounted to $4,313,953,052 on June 30, 1941.
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as Amended, With the Gross Public Debt of the United States as Shown in the Daily Treasury Statement As of June 30, 1941
<table><tr><td>Gross public debt outstanding.</td><td></td><td>$48,961,443.535</td></tr><tr><td>Total face amount of securities outstanding limited by Section 21 of the Second Liberty Bond Act, as amended.</td><td>$49,493,588.731</td><td></td></tr><tr><td>Less: Unearned discount on savings bonds (difference between current redemption value and maturity value).</td><td>1,110,061.173</td><td>$48,383,527.558</td></tr><tr><td>Add: Securities outstanding not subject to limitation under Section 21:</td><td></td><td></td></tr><tr><td>Interest-bearing securities.</td><td>$ 196,102.380</td><td></td></tr><tr><td>Matured obligations on which interest has ceased.</td><td>12,769,460</td><td></td></tr><tr><td>Debt bearing no interest.</td><td>369,044.137</td><td>577,915.977</td></tr><tr><td>Gross public debt outstanding.</td><td></td><td>$48,961,443.535</td></tr></table>
20
Public Debt Receipts and Expenditures
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="4">Expenditures</th><th rowspan="2">Excess of receipts</th></tr><tr><th>Total</th><th>Cash</th><th>Public issues Adjusted service bonds</th><th>Exchanges</th><th>Special issues</th><th>Total</th><th>Cash</th><th>Public issues Exchanges</th><th>Special issues</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>8,880.5</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>1941</td><td>17,846.7</td><td>10,462.1</td><td>2.2</td><td>3,141.6</td><td>4,240.8</td><td>11,852.8</td><td>5,515.6</td><td>3,141.6</td><td>2,895.6</td><td>5,993.9</td></tr><tr><td>1940-June</td><td>2,705.2</td><td>450.0</td><td>.3</td><td>277.7</td><td>1,977.2</td><td>2,545.4</td><td>480.7</td><td>277.7</td><td>1,787.0</td><td>159.8</td></tr><tr><td>July</td><td>1,376.9</td><td>1,245.9</td><td>.3</td><td>1.7</td><td>129.0</td><td>573.9</td><td>521.7</td><td>1.7</td><td>50.5</td><td>803.0</td></tr><tr><td>August</td><td>554.8</td><td>463.4</td><td>.3</td><td>-</td><td>91.1</td><td>420.1</td><td>409.3</td><td>-</td><td>10.8</td><td>134.7</td></tr><tr><td>September</td><td>613.9</td><td>447.6</td><td>.2</td><td>-</td><td>166.0</td><td>446.2</td><td>409.7</td><td>-</td><td>36.4</td><td>167.7</td></tr><tr><td>October</td><td>1,337.5</td><td>557.6</td><td>.2</td><td>724.7</td><td>55.0</td><td>1,273.2</td><td>531.7</td><td>724.7</td><td>16.8</td><td>64.3</td></tr><tr><td>November</td><td>567.1</td><td>452.2</td><td>.2</td><td>-</td><td>114.8</td><td>431.6</td><td>424.5</td><td>-</td><td>7.1</td><td>135.5</td></tr><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>1,083.2</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><tr><td>June</td><td>5,388.5</td><td>1,683.6</td><td>.1</td><td>787.3</td><td>2,917.5</td><td>4,147.8</td><td>729.1</td><td>787.3</td><td>2,631.4</td><td>1,240.7</td></tr></table>
Sorous
Daily Treasury Statements.
Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing Public Debt Outstanding
<table><tr><th>End of fiscal year or month</th><th>Interest-bearing debt outstanding</th><th>Computed annual interest charge</th><th>Computed rate of interest (Percent)</th></tr><tr><td>1933</td><td>$22,157,643,120</td><td>$ 742,175,955</td><td>3.350</td></tr><tr><td>1934</td><td>26,480,487,870</td><td>842,301,131</td><td>3.181</td></tr><tr><td>1935</td><td>27,645,241,088</td><td>750,678,123</td><td>2.715</td></tr><tr><td>1936</td><td>32,988,790,135</td><td>844,996,902</td><td>2.562</td></tr><tr><td>1937</td><td>35,800,109,418</td><td>924,275,241</td><td>2.582</td></tr><tr><td>1938</td><td>36,575,925,880</td><td>947,084,058</td><td>2.589</td></tr><tr><td>1939</td><td>39,885,969,732</td><td>1,036,937,397</td><td>2.600</td></tr><tr><td>1940</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583</td></tr><tr><td>1941</td><td>48,387,399,539</td><td>1,218,238,845</td><td>2.518</td></tr><tr><td>1940-June</td><td>42,376,495,928</td><td>1,094,619,914</td><td>2.583</td></tr><tr><td>July</td><td>43,186,483,544</td><td>1,114,872,891</td><td>2.582</td></tr><tr><td>August</td><td>43,316,616,931</td><td>1,118,109,481</td><td>2.581</td></tr><tr><td>September</td><td>43,479,954,349</td><td>1,121,989,746</td><td>2.580</td></tr><tr><td>October</td><td>43,560,308,589</td><td>1,127,497,712</td><td>2.588</td></tr><tr><td>November</td><td>43,706,990,015</td><td>1,131,161,393</td><td>2.588</td></tr><tr><td>December</td><td>44,458,486,252</td><td>1,140,790,578</td><td>2.566</td></tr><tr><td>1941-January</td><td>45,320,394,574</td><td>1,151,796,977</td><td>2.541</td></tr><tr><td>February</td><td>45,535,287,070</td><td>1,157,610,751</td><td>2.542</td></tr><tr><td>March</td><td>46,580,812,461</td><td>1,178,076,621</td><td>2.529</td></tr><tr><td>April</td><td>46,673,358,395</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><tr><td>June</td><td>48,387,399,539</td><td>1,218,238,845</td><td>2.518</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.
21
Average Yields of Long-Term Treasury and Corporate Bonds
In response to requests for earlier figures on the average yields of long-term partially tax-exempt Treasury bonds and long-term high-grade corporate bonds, the following table and charts have been prepared to present monthly and weekly (Saturday) figures beginning with January 1933. Certain revisions in previously published data for recent periods are also incorporated.
The Treasury bond series consists of the average of partially tax-exempt Treasury bonds not due or callable for 12 years. Partially tax-exempt bonds are issues the income from which is exempt from the normal rates of the Federal income tax. (In the case of Treasury bonds with the partial tax-exemption privilege, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
The corporate bond average consists currently of 5 long-term high-grade bonds. It is not possible at this time to obtain a broader list of corporate bonds upon which to base a satisfactory average because practically all actively traded high-grade callable bonds are now selling above their call prices, and because there are very few long-term high-grade non-callable bonds other than rails. In view of these difficulties, the Treasury corporate bond average, beginning with September 14, 1938, has been confined to a list of 5 bonds which are actually "free" to move and so indicate changes in the underlying market. The number of bonds will be increased at some future date when additional issues suitable for inclusion in the index are available.
As of July 1, 1941, the list of bonds was revised, and now includes the following issues:
Norfolk and Western Railway Company 4 1/8's of 1996
New England Telephone and Telegraph Company 4-1/2's of 1961
Bell Telephone Company of Pennsylvania 5's of 1960
Boston Edison Company 2-3/4's of 1970
Illinois Bell Telephone Company 2-3/4's of 1981
The average yield of the 5 bonds now included in the index was 2.65 percent on July 1. As of the same date the average yield of the bonds previously included was 2.66 percent. The continuity of the index was not, therefore, substantially impaired by the revision. The same was true in the case of prior revisions of the index.
Monthly yields for the Treasury bond series are averages of daily yields. Monthly yields for the corporate bond series are averages of daily yields beginning with April 1938; for prior months they are averages of Saturday figures.
Monthly figures for Treasury bonds earlier than 1933 may be found in the "Annual Report of the Secretary of the Treasury for 1939"; weekly figures may be found in a mimeographed statement presenting daily figures which is available from the Treasury Department, Division of Research and Statistics. Figures for high-grade corporate bonds are not available for periods prior to 1933.
As has been the practice, daily figures are presented for a period of six weeks. Back daily figures are available in previous issues of the "Treasury Bulletin" and in the mimeographed statement referred to above.
22
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></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></tr></table>
Part A - Monthly Series 3/
<table><tr><td>1933-Jan.</td><td>3.22</td><td>4.28</td><td>1.06</td><td>1936-Jan.</td><td>2.80</td><td>3.32</td><td>.52</td><td>1939-Jan.</td><td>2.47</td><td>2.96</td><td>.49</td></tr><tr><td>Feb.</td><td>3.31</td><td>4.34</td><td>1.03</td><td>Feb.</td><td>2.77</td><td>3.26</td><td>.49</td><td>Feb.</td><td>2.44</td><td>2.90</td><td>.46</td></tr><tr><td>Mar.</td><td>3.42</td><td>4.56</td><td>1.14</td><td>Mar.</td><td>2.71</td><td>3.24</td><td>.53</td><td>Mar.</td><td>2.34</td><td>2.87</td><td>.53</td></tr><tr><td>Apr.</td><td>3.42</td><td>4.63</td><td>1.21</td><td>Apr.</td><td>2.68</td><td>3.24</td><td>.56</td><td>Apr.</td><td>2.30</td><td>2.92</td><td>.62</td></tr><tr><td>May.</td><td>3.30</td><td>4.48</td><td>1.18</td><td>May.</td><td>2.66</td><td>3.22</td><td>.56</td><td>May.</td><td>2.17</td><td>2.86</td><td>.69</td></tr><tr><td>June.</td><td>3.21</td><td>4.34</td><td>1.13</td><td>June.</td><td>2.66</td><td>3.19</td><td>.53</td><td>June.</td><td>2.13</td><td>2.78</td><td>.65</td></tr><tr><td>July.</td><td>3.20</td><td>4.28</td><td>1.08</td><td>July.</td><td>2.65</td><td>3.18</td><td>.53</td><td>July.</td><td>2.16</td><td>2.76</td><td>.60</td></tr><tr><td>Aug.</td><td>3.21</td><td>4.23</td><td>1.02</td><td>Aug.</td><td>2.61</td><td>3.18</td><td>.57</td><td>Aug.</td><td>2.21</td><td>2.79</td><td>.58</td></tr><tr><td>Sept.</td><td>3.19</td><td>4.28</td><td>1.09</td><td>Sept.</td><td>2.60</td><td>3.15</td><td>.55</td><td>Sept.</td><td>2.65</td><td>3.29</td><td>.64</td></tr><tr><td>Oct.</td><td>3.22</td><td>4.26</td><td>1.04</td><td>Oct.</td><td>2.62</td><td>3.14</td><td>.52</td><td>Oct.</td><td>2.60</td><td>3.14</td><td>.54</td></tr><tr><td>Nov.</td><td>3.46</td><td>4.45</td><td>.99</td><td>Nov.</td><td>2.53</td><td>3.11</td><td>.58</td><td>Nov.</td><td>2.46</td><td>2.93</td><td>.47</td></tr><tr><td>Dec.</td><td>3.53</td><td>4.40</td><td>.87</td><td>Dec.</td><td>2.51</td><td>3.07</td><td>.56</td><td>Dec.</td><td>2.35</td><td>2.86</td><td>.51</td></tr><tr><td>1934-Jan.</td><td>3.50</td><td>4.26</td><td>.76</td><td>1937-Jan.</td><td>2.47</td><td>3.09</td><td>.62</td><td>1940-Jan.</td><td>2.30</td><td>2.81</td><td>.51</td></tr><tr><td>Feb.</td><td>3.32</td><td>4.14</td><td>.82</td><td>Feb.</td><td>2.46</td><td>3.24</td><td>.78</td><td>Feb.</td><td>2.32</td><td>2.79</td><td>.47</td></tr><tr><td>Mar.</td><td>3.20</td><td>4.07</td><td>.87</td><td>Mar.</td><td>2.60</td><td>3.36</td><td>.76</td><td>Mar.</td><td>2.25</td><td>2.77</td><td>.52</td></tr><tr><td>Apr.</td><td>3.11</td><td>4.00</td><td>.89</td><td>Apr.</td><td>2.80</td><td>3.43</td><td>.63</td><td>Apr.</td><td>2.25</td><td>2.74</td><td>.49</td></tr><tr><td>May.</td><td>3.02</td><td>3.94</td><td>.92</td><td>May.</td><td>2.76</td><td>3.36</td><td>.60</td><td>May.</td><td>2.38</td><td>2.87</td><td>.49</td></tr><tr><td>June.</td><td>2.98</td><td>3.88</td><td>.90</td><td>June.</td><td>2.76</td><td>3.31</td><td>.55</td><td>June.</td><td>2.39</td><td>2.93</td><td>.54</td></tr><tr><td>July.</td><td>2.92</td><td>3.83</td><td>.91</td><td>July.</td><td>2.72</td><td>3.27</td><td>.55</td><td>July.</td><td>2.28</td><td>2.85</td><td>.57</td></tr><tr><td>Aug.</td><td>3.03</td><td>3.87</td><td>.84</td><td>Aug.</td><td>2.72</td><td>3.25</td><td>.53</td><td>Aug.</td><td>2.25</td><td>2.80</td><td>.55</td></tr><tr><td>Sept.</td><td>3.20</td><td>3.89</td><td>.69</td><td>Sept.</td><td>2.77</td><td>3.26</td><td>.49</td><td>Sept.</td><td>2.18</td><td>2.71</td><td>.53</td></tr><tr><td>Oct.</td><td>3.10</td><td>3.84</td><td>.74</td><td>Oct.</td><td>2.76</td><td>3.26</td><td>.50</td><td>Oct.</td><td>2.10</td><td>2.70</td><td>.60</td></tr><tr><td>Nov.</td><td>3.07</td><td>3.78</td><td>.71</td><td>Nov.</td><td>2.71</td><td>3.22</td><td>.51</td><td>Nov.</td><td>1.97</td><td>2.65</td><td>.68</td></tr><tr><td>Dec.</td><td>3.01</td><td>3.68</td><td>.67</td><td>Dec.</td><td>2.67</td><td>3.17</td><td>.50</td><td>Dec.</td><td>1.89</td><td>2.59</td><td>.70</td></tr><tr><td>1935-Jan.</td><td>2.88</td><td>3.60</td><td>.72</td><td>1938-Jan.</td><td>2.65</td><td>3.17</td><td>.52</td><td>1941-Jan.</td><td>1.99</td><td>2.57</td><td>.58</td></tr><tr><td>Feb.</td><td>2.79</td><td>3.52</td><td>.73</td><td>Feb.</td><td>2.64</td><td>3.15</td><td>.51</td><td>Feb.</td><td>2.10</td><td>2.71</td><td>.61</td></tr><tr><td>Mar.</td><td>2.77</td><td>3.49</td><td>.72</td><td>Mar.</td><td>2.64</td><td>3.16</td><td>.52</td><td>Mar.</td><td>2.01</td><td>2.73</td><td>.72</td></tr><tr><td>Apr.</td><td>2.74</td><td>3.47</td><td>.73</td><td>Apr.</td><td>2.62</td><td>3.25</td><td>.63</td><td>Apr.</td><td>1.96</td><td>2.76</td><td>.80</td></tr><tr><td>May.</td><td>2.72</td><td>3.48</td><td>.76</td><td>May.</td><td>2.51</td><td>3.14</td><td>.63</td><td>May.</td><td>1.92</td><td>2.75</td><td>.83</td></tr><tr><td>June.</td><td>2.72</td><td>3.43</td><td>.71</td><td>June.</td><td>2.52</td><td>3.15</td><td>.63</td><td>June.</td><td>1.91</td><td>2.70</td><td>.79</td></tr><tr><td>July.</td><td>2.69</td><td>3.35</td><td>.66</td><td>July.</td><td>2.52</td><td>3.12</td><td>.60</td><td>July.</td><td></td><td></td><td></td></tr><tr><td>Aug.</td><td>2.76</td><td>3.44</td><td>.68</td><td>Aug.</td><td>2.51</td><td>3.10</td><td>.59</td><td>Aug.</td><td></td><td></td><td></td></tr><tr><td>Sept.</td><td>2.85</td><td>3.47</td><td>.62</td><td>Sept.</td><td>2.53</td><td>3.12</td><td>.54</td><td>Sept.</td><td></td><td></td><td></td></tr><tr><td>Oct.</td><td>2.85</td><td>3.45</td><td>.61</td><td>Oct.</td><td>2.48</td><td>3.06</td><td>.58</td><td>Oct.</td><td></td><td></td><td></td></tr><tr><td>Nov.</td><td>2.83</td><td>3.41</td><td>.58</td><td>Nov.</td><td>2.50</td><td>3.04</td><td>.54</td><td>Nov.</td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2.83</td><td>3.39</td><td>.56</td><td>Dec.</td><td>2.49</td><td>3.02</td><td>.53</td><td>Dec.</td><td></td><td></td><td></td></tr></table>
Part B - Weekly Series - Saturday Figures
<table><tr><td>1933-Jan. 6....</td><td>3.21</td><td>4.30</td><td>1.09</td><td>1933-July 1....</td><td>3.20</td><td>4.29</td><td>1.09</td><td>1934-Jan. 6....</td><td>3.51</td><td>4.34</td><td>.83</td></tr><tr><td>14....</td><td>3.23</td><td>4.27</td><td>1.04</td><td>8....</td><td>3.20</td><td>4.28</td><td>1.08</td><td>13....</td><td>3.55</td><td>4.27</td><td>.72</td></tr><tr><td>21....</td><td>3.21</td><td>4.28</td><td>1.07</td><td>15....</td><td>3.20</td><td>4.25</td><td>1.05</td><td>20....</td><td>3.49</td><td>4.20</td><td>.71</td></tr><tr><td>28....</td><td>3.19</td><td>4.25</td><td>1.06</td><td>22....</td><td>3.20</td><td>4.29</td><td>1.09</td><td>27....</td><td>3.48</td><td>4.23</td><td>.75</td></tr><tr><td>Feb. 4....</td><td>3.19</td><td>4.25</td><td>1.06</td><td>28....</td><td>3.21</td><td>4.28</td><td>1.07</td><td>Feb. 3....</td><td>3.31</td><td>4.17</td><td>.86</td></tr><tr><td>11....</td><td>3.24</td><td>4.24</td><td>1.00</td><td>Aug. 4....</td><td>3.23</td><td>4.24</td><td>1.01</td><td>10....</td><td>3.34</td><td>4.17</td><td>.83</td></tr><tr><td>18....</td><td>3.31</td><td>4.35</td><td>1.04</td><td>11....</td><td>3.21</td><td>4.22</td><td>1.01</td><td>17....</td><td>3.29</td><td>4.12</td><td>.83</td></tr><tr><td>25....</td><td>3.52</td><td>4.51</td><td>.99</td><td>18....</td><td>3.20</td><td>4.23</td><td>1.03</td><td>24....</td><td>3.29</td><td>4.10</td><td>.81</td></tr><tr><td>Mar. 3....</td><td>3.65</td><td>4.67</td><td>1.02</td><td>25....</td><td>3.19</td><td>4.23</td><td>1.04</td><td>Mar. 3....</td><td>3.32</td><td>4.11</td><td>.79</td></tr><tr><td>11....</td><td>-</td><td>-</td><td>-</td><td>Sept. 1....</td><td>3.19</td><td>4.26</td><td>1.07</td><td>10....</td><td>3.21</td><td>4.07</td><td>.86</td></tr><tr><td>18....</td><td>3.31</td><td>4.50</td><td>1.19</td><td>9....</td><td>3.16</td><td>4.26</td><td>1.10</td><td>17....</td><td>3.13</td><td>4.04</td><td>.91</td></tr><tr><td>25....</td><td>3.43</td><td>4.52</td><td>1.09</td><td>16....</td><td>3.18</td><td>4.28</td><td>1.10</td><td>24....</td><td>3.15</td><td>4.07</td><td>.92</td></tr><tr><td>Apr. 1....</td><td>3.38</td><td>4.57</td><td>1.19</td><td>23....</td><td>3.21</td><td>4.31</td><td>1.10</td><td>31....</td><td>3.16</td><td>4.05</td><td>.89</td></tr><tr><td>8....</td><td>3.37</td><td>4.60</td><td>1.23</td><td>30....</td><td>3.23</td><td>4.32</td><td>1.08</td><td>Apr. 7....</td><td>3.11</td><td>4.02</td><td>.92</td></tr><tr><td>15....</td><td>3.37</td><td>4.58</td><td>1.21</td><td>Oct. 7....</td><td>3.21</td><td>4.29</td><td>1.08</td><td>14....</td><td>3.08</td><td>4.00</td><td>.92</td></tr><tr><td>22....</td><td>3.47</td><td>4.71</td><td>1.24</td><td>14....</td><td>3.21</td><td>4.24</td><td>1.03</td><td>21....</td><td>3.13</td><td>3.98</td><td>.85</td></tr><tr><td>29....</td><td>3.44</td><td>4.68</td><td>1.24</td><td>21....</td><td>3.20</td><td>4.23</td><td>1.03</td><td>28....</td><td>3.10</td><td>3.98</td><td>.88</td></tr><tr><td>May 6....</td><td>3.35</td><td>4.61</td><td>1.26</td><td>28....</td><td>3.23</td><td>4.27</td><td>1.04</td><td>May 5....</td><td>3.03</td><td>3.95</td><td>.92</td></tr><tr><td>13....</td><td>3.27</td><td>4.48</td><td>1.21</td><td>Nov. 4....</td><td>3.32</td><td>4.32</td><td>1.00</td><td>12....</td><td>3.01</td><td>3.96</td><td>.95</td></tr><tr><td>20....</td><td>3.27</td><td>4.43</td><td>1.16</td><td>11....</td><td>3.16</td><td>4.42</td><td>.96</td><td>19....</td><td>3.02</td><td>3.93</td><td>.92</td></tr><tr><td>27....</td><td>3.24</td><td>4.40</td><td>1.16</td><td>18....</td><td>3.52</td><td>4.53</td><td>1.01</td><td>26....</td><td>3.01</td><td>3.91</td><td>.90</td></tr><tr><td>June 3....</td><td>3.22</td><td>4.38</td><td>1.16</td><td>Dec. 2....</td><td>3.47</td><td>4.47</td><td>1.00</td><td>June 2....</td><td>3.00</td><td>3.89</td><td>.89</td></tr><tr><td>10....</td><td>3.22</td><td>4.39</td><td>1.17</td><td>9....</td><td>3.59</td><td>4.43</td><td>.84</td><td>9....</td><td>2.99</td><td>3.89</td><td>.90</td></tr><tr><td>17....</td><td>3.21</td><td>4.31</td><td>1.10</td><td>16....</td><td>3.52</td><td>4.39</td><td>.87</td><td>16....</td><td>2.96</td><td>3.86</td><td>.90</td></tr><tr><td>24....</td><td>3.20</td><td>4.28</td><td>1.08</td><td>23....</td><td>3.57</td><td>4.38</td><td>.81</td><td>23....</td><td>2.99</td><td>3.87</td><td>.88</td></tr><tr><td></td><td></td><td></td><td></td><td>30....</td><td>3.51</td><td>4.32</td><td>.81</td><td>30....</td><td>2.96</td><td>3.87</td><td>.91</td></tr></table>
(Continued on following page)
23
Average Yields of Long-Term Treasury and Corporate Bonds - (Continued)
(Percent)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></tr></table>
Part B - Weekly Series - Saturday Figures - (Continued)
<table><tr><td>1934-July</td><td>7....</td><td>2.93</td><td>3.86</td><td>.93</td><td>1935-Dec.</td><td>7....</td><td>2.83</td><td>3.39</td><td>.56</td><td>1937-May</td><td>1....</td><td>2.79</td><td>3.40</td><td>.61</td></tr><tr><td>14....</td><td>2.91</td><td>3.81</td><td>.90</td><td>14....</td><td>2.83</td><td>3.40</td><td>.57</td><td>8....</td><td>2.75</td><td>3.36</td><td>.61</td></tr><tr><td>21....</td><td>2.90</td><td>3.82</td><td>.91</td><td>21....</td><td>2.83</td><td>3.38</td><td>.55</td><td>15....</td><td>2.77</td><td>3.37</td><td>.60</td></tr><tr><td>28....</td><td>2.97</td><td>3.84</td><td>.87</td><td>28....</td><td>2.81</td><td>3.37</td><td>.56</td><td>22....</td><td>2.76</td><td>3.33</td><td>.57</td></tr><tr><td>Aug.</td><td>4....</td><td>2.95</td><td>3.88</td><td>.93</td><td>1936-Jan.</td><td>4....</td><td>2.80</td><td>3.33</td><td>.53</td><td>June</td><td>5....</td><td>2.75</td><td>3.30</td><td>.55</td></tr><tr><td>11....</td><td>3.13</td><td>3.90</td><td>.77</td><td>11....</td><td>2.79</td><td>3.31</td><td>.52</td><td>12....</td><td>2.76</td><td>3.29</td><td>.53</td></tr><tr><td>18....</td><td>3.03</td><td>3.85</td><td>.82</td><td>18....</td><td>2.77</td><td>3.31</td><td>.54</td><td>19....</td><td>2.76</td><td>3.30</td><td>.54</td></tr><tr><td>25....</td><td>3.03</td><td>3.85</td><td>.82</td><td>25....</td><td>2.81</td><td>3.31</td><td>.50</td><td>26....</td><td>2.77</td><td>3.33</td><td>.56</td></tr><tr><td>Sept.</td><td>1....</td><td>3.06</td><td>3.85</td><td>.79</td><td>Feb.</td><td>1....</td><td>2.81</td><td>3.30</td><td>.49</td><td>July</td><td>2....</td><td>2.75</td><td>3.31</td><td>.56</td></tr><tr><td>8....</td><td>3.15</td><td>3.86</td><td>.71</td><td>8....</td><td>2.79</td><td>3.29</td><td>.50</td><td>10....</td><td>2.74</td><td>3.27</td><td>.53</td></tr><tr><td>15....</td><td>3.25</td><td>3.93</td><td>.68</td><td>15....</td><td>2.76</td><td>3.25</td><td>.49</td><td>17....</td><td>2.72</td><td>3.27</td><td>.55</td></tr><tr><td>22....</td><td>3.24</td><td>3.92</td><td>.68</td><td>21....</td><td>2.74</td><td>3.24</td><td>.50</td><td>24....</td><td>2.70</td><td>3.26</td><td>.56</td></tr><tr><td>29....</td><td>3.22</td><td>3.91</td><td>.69</td><td>29....</td><td>2.75</td><td>3.24</td><td>.49</td><td>31....</td><td>2.68</td><td>3.25</td><td>.57</td></tr><tr><td>Oct.</td><td>6....</td><td>3.24</td><td>3.88</td><td>.74</td><td>Mar.</td><td>7....</td><td>2.71</td><td>3.21</td><td>.50</td><td>Ang.</td><td>7....</td><td>2.67</td><td>3.24</td><td>.57</td></tr><tr><td>13....</td><td>3.09</td><td>3.85</td><td>.76</td><td>14....</td><td>2.72</td><td>3.26</td><td>.54</td><td>14....</td><td>2.71</td><td>3.24</td><td>.53</td></tr><tr><td>20....</td><td>3.06</td><td>3.83</td><td>.77</td><td>21....</td><td>2.70</td><td>3.24</td><td>.54</td><td>21....</td><td>2.75</td><td>3.25</td><td>.50</td></tr><tr><td>27....</td><td>3.06</td><td>3.81</td><td>.75</td><td>28....</td><td>2.70</td><td>3.26</td><td>.56</td><td>28....</td><td>2.78</td><td>3.25</td><td>.47</td></tr><tr><td>Nov.</td><td>3....</td><td>3.08</td><td>3.82</td><td>.74</td><td>Apr.</td><td>4....</td><td>2.69</td><td>3.25</td><td>.56</td><td>Sept.</td><td>4....</td><td>2.79</td><td>3.24</td><td>.45</td></tr><tr><td>10....</td><td>3.09</td><td>3.80</td><td>.71</td><td>11....</td><td>2.69</td><td>3.24</td><td>.55</td><td>11....</td><td>2.80</td><td>3.26</td><td>.46</td></tr><tr><td>17....</td><td>3.05</td><td>3.76</td><td>.71</td><td>18....</td><td>2.67</td><td>3.23</td><td>.56</td><td>18....</td><td>2.75</td><td>3.26</td><td>.51</td></tr><tr><td>24....</td><td>3.05</td><td>3.74</td><td>.69</td><td>25....</td><td>2.67</td><td>3.24</td><td>.57</td><td>25....</td><td>2.76</td><td>3.27</td><td>.51</td></tr><tr><td>Dec.</td><td>1....</td><td>3.05</td><td>3.72</td><td>.67</td><td>May</td><td>2....</td><td>2.68</td><td>3.24</td><td>.56</td><td>Oct.</td><td>2....</td><td>2.76</td><td>3.26</td><td>.50</td></tr><tr><td>8....</td><td>3.02</td><td>3.69</td><td>.67</td><td>9....</td><td>2.68</td><td>3.24</td><td>.56</td><td>9....</td><td>2.76</td><td>3.27</td><td>.51</td></tr><tr><td>15....</td><td>3.02</td><td>3.66</td><td>.64</td><td>16....</td><td>2.66</td><td>3.22</td><td>.56</td><td>16....</td><td>2.75</td><td>3.27</td><td>.52</td></tr><tr><td>22....</td><td>2.99</td><td>3.67</td><td>.68</td><td>23....</td><td>2.64</td><td>3.19</td><td>.55</td><td>23....</td><td>2.78</td><td>3.26</td><td>.48</td></tr><tr><td>29....</td><td>2.97</td><td>3.66</td><td>.69</td><td>29....</td><td>2.65</td><td>3.19</td><td>.54</td><td>30....</td><td>2.74</td><td>3.24</td><td>.50</td></tr><tr><td>1935-Jan.</td><td>5....</td><td>2.97</td><td>3.62</td><td>.65</td><td>June</td><td>6....</td><td>2.66</td><td>3.19</td><td>.53</td><td>Nov.</td><td>6....</td><td>2.73</td><td>3.22</td><td>.49</td></tr><tr><td>12....</td><td>2.89</td><td>3.61</td><td>.72</td><td>13....</td><td>2.66</td><td>3.19</td><td>.53</td><td>13....</td><td>2.73</td><td>3.21</td><td>.48</td></tr><tr><td>19....</td><td>2.86</td><td>3.60</td><td>.74</td><td>20....</td><td>2.66</td><td>3.19</td><td>.53</td><td>20....</td><td>2.68</td><td>3.22</td><td>.54</td></tr><tr><td>26....</td><td>2.82</td><td>3.56</td><td>.74</td><td>27....</td><td>2.67</td><td>3.20</td><td>.53</td><td>27....</td><td>2.69</td><td>3.22</td><td>.53</td></tr><tr><td>Feb.</td><td>2....</td><td>2.84</td><td>3.57</td><td>.73</td><td>July</td><td>3....</td><td>2.65</td><td>3.18</td><td>.53</td><td>Dec.</td><td>4....</td><td>2.67</td><td>3.21</td><td>.54</td></tr><tr><td>9....</td><td>2.82</td><td>3.55</td><td>.73</td><td>11....</td><td>2.65</td><td>3.17</td><td>.52</td><td>11....</td><td>2.66</td><td>3.19</td><td>.53</td></tr><tr><td>16....</td><td>2.80</td><td>3.51</td><td>.71</td><td>18....</td><td>2.67</td><td>3.19</td><td>.52</td><td>18....</td><td>2.68</td><td>3.18</td><td>.50</td></tr><tr><td>23....</td><td>2.73</td><td>3.45</td><td>.72</td><td>25....</td><td>2.66</td><td>3.19</td><td>.53</td><td>24....</td><td>2.67</td><td>3.15</td><td>.48</td></tr><tr><td>Mar.</td><td>2....</td><td>2.74</td><td>3.45</td><td>.71</td><td>Aug.</td><td>1....</td><td>2.64</td><td>3.18</td><td>.54</td><td>31....</td><td>2.68</td><td>3.14</td><td>.46</td></tr><tr><td>9....</td><td>2.77</td><td>3.48</td><td>.71</td><td>8....</td><td>2.63</td><td>3.18</td><td>.55</td><td>1938-Jan.</td><td>8....</td><td>2.66</td><td>3.15</td><td>.49</td></tr><tr><td>16....</td><td>2.77</td><td>3.52</td><td>.75</td><td>15....</td><td>2.61</td><td>3.18</td><td>.57</td><td>15....</td><td>2.64</td><td>3.15</td><td>.51</td></tr><tr><td>23....</td><td>2.79</td><td>3.48</td><td>.69</td><td>22....</td><td>2.61</td><td>3.18</td><td>.57</td><td>22....</td><td>2.65</td><td>3.17</td><td>.52</td></tr><tr><td>30....</td><td>2.77</td><td>3.54</td><td>.77</td><td>29....</td><td>2.59</td><td>3.17</td><td>.58</td><td>29....</td><td>2.66</td><td>3.20</td><td>.54</td></tr><tr><td>Apr.</td><td>6....</td><td>2.73</td><td>3.47</td><td>.74</td><td>Sept.</td><td>5....</td><td>2.58</td><td>3.16</td><td>.58</td><td>Feb.</td><td>5....</td><td>2.66</td><td>3.18</td><td>.52</td></tr><tr><td>13....</td><td>2.75</td><td>3.47</td><td>.72</td><td>12....</td><td>2.59</td><td>3.15</td><td>.56</td><td>11....</td><td>2.65</td><td>3.15</td><td>.50</td></tr><tr><td>20....</td><td>2.74</td><td>3.46</td><td>.72</td><td>19....</td><td>2.62</td><td>3.15</td><td>.53</td><td>19....</td><td>2.65</td><td>3.14</td><td>.49</td></tr><tr><td>27....</td><td>2.72</td><td>3.49</td><td>.77</td><td>26....</td><td>2.63</td><td>3.14</td><td>.51</td><td>26....</td><td>2.62</td><td>3.12</td><td>.50</td></tr><tr><td>May</td><td>4....</td><td>2.71</td><td>3.47</td><td>.76</td><td>Oct.</td><td>3....</td><td>2.61</td><td>3.15</td><td>.54</td><td>Mar.</td><td>5....</td><td>2.61</td><td>3.14</td><td>.53</td></tr><tr><td>11....</td><td>2.73</td><td>3.49</td><td>.76</td><td>10....</td><td>2.62</td><td>3.15</td><td>.53</td><td>12....</td><td>2.65</td><td>3.15</td><td>.50</td></tr><tr><td>18....</td><td>2.73</td><td>3.50</td><td>.77</td><td>17....</td><td>2.61</td><td>3.14</td><td>.53</td><td>19....</td><td>2.66</td><td>3.17</td><td>.51</td></tr><tr><td>25....</td><td>2.72</td><td>3.46</td><td>.74</td><td>24....</td><td>2.62</td><td>3.14</td><td>.52</td><td>26....</td><td>2.66</td><td>3.19</td><td>.53</td></tr><tr><td>June</td><td>1....</td><td>2.76</td><td>3.46</td><td>.70</td><td>Nov.</td><td>7....</td><td>2.56</td><td>3.13</td><td>.57</td><td>Apr.</td><td>2....</td><td>2.69</td><td>3.30</td><td>.61</td></tr><tr><td>8....</td><td>2.72</td><td>3.45</td><td>.73</td><td>14....</td><td>2.52</td><td>3.11</td><td>.59</td><td>9....</td><td>2.69</td><td>3.25</td><td>.56</td></tr><tr><td>15....</td><td>2.72</td><td>3.42</td><td>.70</td><td>21....</td><td>2.50</td><td>3.10</td><td>.60</td><td>16....</td><td>2.60</td><td>3.23</td><td>.63</td></tr><tr><td>22....</td><td>2.72</td><td>3.43</td><td>.72</td><td>28....</td><td>2.51</td><td>3.09</td><td>.58</td><td>23....</td><td>2.56</td><td>3.18</td><td>.62</td></tr><tr><td>29....</td><td>2.70</td><td>3.39</td><td>.69</td><td>Dec.</td><td>5....</td><td>2.50</td><td>3.07</td><td>.57</td><td>30....</td><td>2.53</td><td>3.17</td><td>.64</td></tr><tr><td>July</td><td>6....</td><td>2.70</td><td>3.35</td><td>.65</td><td>12....</td><td>2.52</td><td>3.06</td><td>.55</td><td>May</td><td>7....</td><td>2.53</td><td>3.14</td><td>.61</td></tr><tr><td>13....</td><td>2.70</td><td>3.35</td><td>.65</td><td>19....</td><td>2.52</td><td>3.08</td><td>.56</td><td>14....</td><td>2.52</td><td>3.13</td><td>.61</td></tr><tr><td>20....</td><td>2.68</td><td>3.34</td><td>.66</td><td>24....</td><td>2.51</td><td>3.08</td><td>.57</td><td>21....</td><td>2.50</td><td>3.13</td><td>.63</td></tr><tr><td>27....</td><td>2.69</td><td>3.34</td><td>.65</td><td>1937-Jan.</td><td>2....</td><td>2.46</td><td>3.07</td><td>.61</td><td>28....</td><td>2.52</td><td>3.17</td><td>.65</td></tr><tr><td>Aug.</td><td>3....</td><td>2.69</td><td>3.37</td><td>.68</td><td>9....</td><td>2.45</td><td>3.06</td><td>.61</td><td>June</td><td>4....</td><td>2.49</td><td>3.15</td><td>.66</td></tr><tr><td>10....</td><td>2.72</td><td>3.39</td><td>.67</td><td>16....</td><td>2.46</td><td>3.07</td><td>.61</td><td>11....</td><td>2.51</td><td>3.14</td><td>.63</td></tr><tr><td>17....</td><td>2.75</td><td>3.45</td><td>.70</td><td>23....</td><td>2.47</td><td>3.10</td><td>.63</td><td>18....</td><td>2.53</td><td>3.16</td><td>.63</td></tr><tr><td>24....</td><td>2.81</td><td>3.47</td><td>.66</td><td>30....</td><td>2.48</td><td>3.16</td><td>.68</td><td>25....</td><td>2.54</td><td>3.13</td><td>.59</td></tr><tr><td>31....</td><td>2.82</td><td>3.50</td><td>.68</td><td>Feb.</td><td>6....</td><td>2.46</td><td>3.19</td><td>.73</td><td>July</td><td>2....</td><td>2.53</td><td>3.13</td><td>.60</td></tr><tr><td>Sept.</td><td>7....</td><td>2.82</td><td>3.48</td><td>.66</td><td>13....</td><td>2.47</td><td>3.26</td><td>.79</td><td>9....</td><td>2.52</td><td>3.12</td><td>.60</td></tr><tr><td>14....</td><td>2.84</td><td>3.45</td><td>.61</td><td>20....</td><td>2.46</td><td>3.24</td><td>.78</td><td>16....</td><td>2.52</td><td>3.12</td><td>.60</td></tr><tr><td>21....</td><td>2.91</td><td>3.46</td><td>.55</td><td>27....</td><td>2.45</td><td>3.25</td><td>.80</td><td>23....</td><td>2.52</td><td>3.11</td><td>.59</td></tr><tr><td>28....</td><td>2.85</td><td>3.49</td><td>.64</td><td>Mar.</td><td>6....</td><td>2.48</td><td>3.29</td><td>.81</td><td>30....</td><td>2.51</td><td>3.10</td><td>.59</td></tr><tr><td>Oct.</td><td>5....</td><td>2.87</td><td>3.49</td><td>.62</td><td>13....</td><td>2.54</td><td>3.35</td><td>.81</td><td>Ang.</td><td>6....</td><td>2.51</td><td>3.10</td><td>.59</td></tr><tr><td>11....</td><td>2.86</td><td>3.48</td><td>.62</td><td>20....</td><td>2.71</td><td>3.40</td><td>.69</td><td>13....</td><td>2.51</td><td>3.11</td><td>.60</td></tr><tr><td>19....</td><td>2.82</td><td>3.44</td><td>.62</td><td>27....</td><td>2.71</td><td>3.39</td><td>.68</td><td>20....</td><td>2.50</td><td>3.11</td><td>.61</td></tr><tr><td>26....</td><td>2.84</td><td>3.42</td><td>.58</td><td>Apr.</td><td>3....</td><td>2.81</td><td>3.42</td><td>.61</td><td>27....</td><td>2.50</td><td>3.09</td><td>.59</td></tr><tr><td>Nov.</td><td>2....</td><td>2.82</td><td>3.42</td><td>.60</td><td>10....</td><td>2.81</td><td>3.46</td><td>.65</td><td>Sept.</td><td>3....</td><td>2.53</td><td>3.11</td><td>.58</td></tr><tr><td>9....</td><td>2.83</td><td>3.41</td><td>.58</td><td>17....</td><td>2.75</td><td>3.41</td><td>.66</td><td>10....</td><td>2.56</td><td>3.11</td><td>.55</td></tr><tr><td>16....</td><td>2.83</td><td>3.41</td><td>.58</td><td>24....</td><td>2.80</td><td>3.42</td><td>.62</td><td>17....</td><td>2.53</td><td>3.12</td><td>.49</td></tr><tr><td>23....</td><td>2.84</td><td>3.41</td><td>.57</td><td></td><td></td><td></td><td></td><td>24....</td><td>2.60</td><td>3.13</td><td>.53</td></tr><tr><td>30....</td><td>2.85</td><td>3.40</td><td>.55</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
(Continued on following page)
24
Average Yields of Long-Term Treasury and Corporate Bonds - (Continued)
(Percent)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>High-grade corporate bonds 2/</th><th>Spread between Treasury and corporate bonds</th></tr></table>
Part B - Weekly Series - Saturday Figures - (Continued)
<table><tr><td>1938-Oct.</td><td>1..... 2.52</td><td>8..... 2.49</td><td>15..... 2.47</td><td>22..... 2.48</td><td>29..... 2.47</td><td>Nov.</td><td>5..... 2.49</td><td>12..... 2.49</td><td>19..... 2.50</td><td>26..... 2.51</td><td>Dec.</td><td>3..... 2.50</td><td>10..... 2.47</td><td>17..... 2.49</td><td>24..... 2.48</td><td>31..... 2.48</td></tr><tr><td></td><td>3.12</td><td>3.06</td><td>3.04</td><td>3.05</td><td>3.05</td><td></td><td>3.06</td><td>3.03</td><td>3.04</td><td>3.05</td><td></td><td>3.04</td><td>3.04</td><td>3.03</td><td>3.01</td><td>3.01</td></tr><tr><td></td><td>.60</td><td>.57</td><td>.57</td><td>.57</td><td>.58</td><td></td><td>.57</td><td>.54</td><td>.54</td><td>.54</td><td></td><td>.54</td><td>.57</td><td>.54</td><td>.53</td><td>.53</td></tr><tr><td>1939-Sept.</td><td>2..... 2.40</td><td>9..... 2.59</td><td>16..... 2.65</td><td>23..... 2.79</td><td>30..... 2.75</td><td>Oct.</td><td>7..... 2.71</td><td>14..... 2.63</td><td>21..... 2.50</td><td>28..... 2.53</td><td>Nov.</td><td>4..... 2.54</td><td>10..... 2.52</td><td>18..... 2.43</td><td>25..... 2.41</td><td>Dec.</td><td>2..... 2.40</td></tr><tr><td></td><td>3.01</td><td>3.27</td><td>3.31</td><td>3.33</td><td>3.29</td><td></td><td>3.22</td><td>3.16</td><td>3.09</td><td>3.04</td><td></td><td>2.97</td><td>2.94</td><td>2.93</td><td>2.91</td><td>2.89</td></tr><tr><td></td><td>.61</td><td>.68</td><td>.66</td><td>.54</td><td>.54</td><td></td><td>.51</td><td>.53</td><td>.59</td><td>.51</td><td></td><td>.43</td><td>.42</td><td>.50</td><td>.50</td><td>.49</td></tr><tr><td>1940-Aug.</td><td>3..... 2.23</td><td>10..... 2.27</td><td>17..... 2.28</td><td>24..... 2.23</td><td>31..... 2.22</td><td>Sept.</td><td>7..... 2.19</td><td>14..... 2.20</td><td>21..... 2.16</td><td>28..... 2.15</td><td>Oct.</td><td>5..... 2.14</td><td>11..... 2.11</td><td>19..... 2.08</td><td>26..... 2.08</td><td>Nov.</td><td>2..... 2.07</td></tr><tr><td></td><td>2.81</td><td>2.80</td><td>2.80</td><td>2.79</td><td>2.79</td><td></td><td>2.72</td><td>2.73</td><td>2.70</td><td>2.68</td><td></td><td>2.70</td><td>2.71</td><td>2.71</td><td>2.70</td><td>2.70</td></tr><tr><td></td><td>.58</td><td>.53</td><td>.52</td><td>.56</td><td>.57</td><td></td><td>.53</td><td>.53</td><td>.54</td><td>.53</td><td></td><td>.56</td><td>.60</td><td>.63</td><td>.62</td><td>.63</td></tr><tr><td>1939-Jan.</td><td>7..... 2.47</td><td>14..... 2.47</td><td>21..... 2.45</td><td>28..... 2.48</td><td>Feb.</td><td>4..... 2.44</td><td>11..... 2.44</td><td>18..... 2.43</td><td>25..... 2.43</td><td>Mar.</td><td>4..... 2.38</td><td>11..... 2.33</td><td>18..... 2.36</td><td>25..... 2.32</td><td>Apr.</td><td>1..... 2.32</td></tr><tr><td></td><td>3.00</td><td>2.95</td><td>2.94</td><td>2.96</td><td></td><td>2.93</td><td>2.91</td><td>2.89</td><td>2.88</td><td></td><td>2.86</td><td>2.85</td><td>2.87</td><td>2.88</td><td>2.93</td></tr><tr><td></td><td>.53</td><td>.48</td><td>.49</td><td>.48</td><td></td><td>.49</td><td>.47</td><td>.46</td><td>.45</td><td></td><td>.48</td><td>.52</td><td>.51</td><td>.56</td><td>.61</td></tr><tr><td>1940-Jan.</td><td>6..... 2.28</td><td>13..... 2.28</td><td>20..... 2.31</td><td>27..... 2.32</td><td>Feb.</td><td>3..... 2.32</td><td>10..... 2.32</td><td>17..... 2.31</td><td>24..... 2.33</td><td>Mar.</td><td>2..... 2.32</td><td>9..... 2.27</td><td>16..... 2.22</td><td>23..... 2.24</td><td>30..... 2.21</td><td>Apr.</td><td>6..... 2.20</td></tr><tr><td></td><td>2.80</td><td>2.81</td><td>2.81</td><td>2.81</td><td></td><td>2.81</td><td>2.78</td><td>2.78</td><td>2.78</td><td></td><td>2.80</td><td>2.77</td><td>2.76</td><td>2.76</td><td>2.74</td><td>2.71</td></tr><tr><td></td><td>.52</td><td>.53</td><td>.50</td><td>.49</td><td></td><td>.49</td><td>.46</td><td>.47</td><td>.45</td><td></td><td>.51</td><td>.50</td><td>.54</td><td>.52</td><td>.53</td><td>.51</td></tr><tr><td>1941-Jan.</td><td>4..... 1.96</td><td>11..... 1.96</td><td>18..... 1.99</td><td>25..... 2.03</td><td>Feb.</td><td>1..... 2.08</td><td>8..... 2.10</td><td>15..... 2.14</td><td>21..... 2.11</td><td>Mar.</td><td>1..... 2.06</td><td>8..... 2.02</td><td>15..... 1.96</td><td>22..... 2.02</td><td>29..... 1.99</td><td>Apr.</td><td>5..... 2.01</td></tr><tr><td></td><td>1.96</td><td>1.96</td><td>1.99</td><td>2.03</td><td></td><td>2.08</td><td>2.10</td><td>2.14</td><td>2.11</td><td></td><td>2.06</td><td>2.02</td><td>1.96</td><td>2.02</td><td>1.99</td><td>2.01</td></tr><tr><td></td><td>.62</td><td>.61</td><td>.56</td><td>.58</td><td></td><td>.53</td><td>.58</td><td>.57</td><td>.65</td><td></td><td>.70</td><td>.71</td><td>.74</td><td>.74</td><td>.71</td><td>.73</td></tr><tr><td>May</td><td>6..... 2.22</td><td>13..... 2.17</td><td>20..... 2.14</td><td>27..... 2.14</td><td>June</td><td>3..... 2.07</td><td>10..... 2.11</td><td>17..... 2.18</td><td>24..... 2.15</td><td>July</td><td>1..... 2.22</td><td>8..... 2.17</td><td>15..... 2.16</td><td>22..... 2.15</td><td>29..... 2.13</td><td>Aug.</td><td>5..... 2.16</td></tr><tr><td></td><td>2.88</td><td>2.87</td><td>2.84</td><td>2.82</td><td></td><td>2.80</td><td>2.77</td><td>2.76</td><td>2.76</td><td></td><td>2.78</td><td>2.76</td><td>2.76</td><td>2.75</td><td>2.75</td><td>2.17</td></tr><tr><td></td><td>.66</td><td>.70</td><td>.70</td><td>.68</td><td></td><td>.73</td><td>.65</td><td>.58</td><td>.61</td><td></td><td>.56</td><td>.59</td><td>.60</td><td>.60</td><td>.62</td><td>.59</td></tr><tr><td>1940-May</td><td>4..... 2.26</td><td>11..... 2.33</td><td>18..... 2.46</td><td>25..... 2.47</td><td>June</td><td>1..... 2.48</td><td>8..... 2.48</td><td>15..... 2.35</td><td>22..... 2.30</td><td>July</td><td>6..... 2.30</td><td>13..... 2.29</td><td>20..... 2.30</td><td>27..... 2.24</td><td>1941-July</td><td>5..... 1.89</td><td>12..... 1.92</td></tr><tr><td></td><td>2.73</td><td>2.76</td><td>2.76</td><td>2.73</td><td></td><td>2.99</td><td>2.96</td><td>2.92</td><td>2.87</td><td></td><td>2.85</td><td>2.84</td><td>2.83</td><td>2.85</td><td></td><td>1.89</td><td>1.92</td></tr><tr><td></td><td>.47</td><td>.43</td><td>.46</td><td>.49</td><td></td><td>.51</td><td>.48</td><td>.57</td><td>.57</td><td></td><td>.55</td><td>.55</td><td>.53</td><td>.61</td><td></td><td>1.88</td><td>1.89</td></tr><tr><td>1941-June</td><td>14..... 1.88</td><td>21..... 1.93</td><td>28..... 1.90</td><td>July</td><td>5..... 1.89</td><td>12..... 1.92</td><td></td><td></td><td></td><td></td><td>2.71</td><td>2.68</td><td>2.66</td><td>2.65</td><td></td><td>1.75</td><td>.73</td></tr><tr><td></td><td>1.93</td><td>1.91</td><td>1.90</td><td></td><td>1.89</td><td>1.92</td><td></td><td></td><td></td><td></td><td>2.71</td><td>2.68</td><td>2.66</td><td>2.65</td><td></td><td>.75</td><td>.73</td></tr><tr><td></td><td>.86</td><td>.84</td><td>.85</td><td></td><td>.86</td><td>.84</td><td></td><td></td><td></td><td></td><td>.84</td><td>.75</td><td>.76</td><td>.76</td><td></td><td>.73</td><td></td></tr></table>
Part C - Daily Figures
<table><tr><td>1941-June</td><td>2....</td><td>1.88</td><td>2.74</td><td>.86</td><td>1941-June 16....</td><td>1.94</td><td>2.70</td><td>.76</td><td>1941-June 30....</td><td>1.90</td><td>2.66</td><td>.76</td></tr><tr><td></td><td>3....</td><td>1.90</td><td>2.75</td><td>.85</td><td>17....</td><td>1.95</td><td>2.69</td><td>.74</td><td>July 1....</td><td>1.91</td><td>2.65</td><td>.74</td></tr><tr><td></td><td>4....</td><td>1.90</td><td>2.75</td><td>.85</td><td>18....</td><td>1.96</td><td>2.69</td><td>.73</td><td>2....</td><td>1.90</td><td>2.65</td><td>.75</td></tr><tr><td></td><td>5....</td><td>1.90</td><td>2.75</td><td>.85</td><td>19....</td><td>1.94</td><td>2.68</td><td>.74</td><td>3....</td><td>1.90</td><td>2.66</td><td>.76</td></tr><tr><td></td><td>6....</td><td>1.89</td><td>2.74</td><td>.85</td><td>20....</td><td>1.94</td><td>2.68</td><td>.74</td><td>4....</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>7....</td><td>1.89</td><td>2.73</td><td>.84</td><td>21....</td><td>1.93</td><td>2.68</td><td>.75</td><td>5....</td><td>1.89</td><td>2.65</td><td>.76</td></tr><tr><td>June</td><td>9....</td><td>1.89</td><td>2.73</td><td>.84</td><td>June 23....</td><td>1.93</td><td>2.68</td><td>.75</td><td>July 7....</td><td>1.89</td><td>2.66</td><td>.77</td></tr><tr><td></td><td>10....</td><td>1.90</td><td>2.73</td><td>.83</td><td>24....</td><td>1.93</td><td>2.68</td><td>.75</td><td>8....</td><td>1.90</td><td>2.66</td><td>.76</td></tr><tr><td></td><td>11....</td><td>1.89</td><td>2.72</td><td>.83</td><td>25....</td><td>1.92</td><td>2.67</td><td>.76</td><td>9....</td><td>1.89</td><td>2.66</td><td>.77</td></tr><tr><td></td><td>12....</td><td>1.88</td><td>2.72</td><td>.84</td><td>26....</td><td>1.89</td><td>2.64</td><td>.75</td><td>10....</td><td>1.90</td><td>2.66</td><td>.76</td></tr><tr><td></td><td>13....</td><td>1.88</td><td>2.71</td><td>.83</td><td>27....</td><td>1.89</td><td>2.65</td><td>.75</td><td>11....</td><td>1.92</td><td>2.65</td><td>.73</td></tr><tr><td></td><td>14....</td><td>1.88</td><td>2.71</td><td>.83</td><td>28....</td><td>1.90</td><td>2.66</td><td>.76</td><td>12....</td><td>1.92</td><td>2.65</td><td>.73</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>July 14....</td><td>1.91</td><td>2.65</td><td>.74</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>15....</td><td>1.90</td><td>2.67</td><td>.77</td></tr></table>
Basis of Computation: Yields are computed on the basis of closing prices on the New York Stock Exchange and the New York Curb Exchange. On days when the exchanges are closed, the date and prices of the previous day are used. 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.
1/ Average of partially tax-exempt Treasury bonds not due or callable for twelve years.
2/ Average of 9 bonds, January 6, 1933 through December 6, 1935; average of 15 bonds, December 7, 1935 through July 31, 1937; average of 20 bonds, August 1, 1937 through September 13, 1938; average of 5 bonds, September 14, 1938 to date.
3/ Long-term partially tax-exempt Treasury bonds: average of daily figures. High-grade corporate bonds: average of Saturday figures. January 1933 through March 1938; average of daily figures, April 1938 to date.
4/ Indicates change in composition of Treasury bond average.
Average Yields of Long-Term Treasury and Corporate Bonds
Monthly Series
1 Average of partially tax-exempt Treasury bonds not due or callable for twelve years
2 Average of five bonds since September 13, 1938
25
AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS
Weekly Series - Saturday Figures
YIELDS OF TREASURY BONDS AND NOTES
JULY 15, 1941
27
OWNERSHIP OF GOVERNMENT SECURITIES
— 28 —
29
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>6,360</td><td>275 p</td><td>6,085 p</td></tr><tr><td>1941</td><td>48,387</td><td>8,192 p</td><td>2,072 p</td><td>6,120</td><td>2,179</td><td>38,016</td><td>33,462 p</td><td>4,554</td><td>6,360</td><td>275 p</td><td>6,085 p</td></tr><tr><td>1940-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>7,718 r</td><td>2,035 r</td><td>5,683</td><td>2,179</td><td>36,684 r</td><td>32,840 r</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>276 r</td><td>6,274 r</td></tr><tr><td>May</td><td>47,160</td><td>7,906</td><td>2,072</td><td>5,834</td><td>2,179</td><td>37,075</td><td>32,824</td><td>4,251</td><td>6,359</td><td>275</td><td>6,084</td></tr><tr><td>June</td><td>48,387</td><td>8,192 p</td><td>2,072 p</td><td>6,120</td><td>2,179</td><td>38,016</td><td>33,462 p</td><td>4,554</td><td>6,360</td><td>275 p</td><td>6,085 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.
Preliminary.
Revised.
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 public non-marketable issues which have not at any time aggregated as much as $500,000.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In millions of dollars)
<table><tr><th></th><th colspan="12">Net market 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>-12.5</td><td>-37.1</td><td>-40.4</td><td>5.0</td><td>3.0</td><td>3.3</td><td>71.9</td><td>-1.2</td><td>-2.8</td><td>-3.2</td></tr><tr><td>1940</td><td>-9.5</td><td>-20.9</td><td>-5.7</td><td>-1.6</td><td>.4</td><td>.9</td><td>-</td><td>-</td><td>-.3</td><td>-4.4</td><td>-.3</td><td>-1.1</td></tr><tr><td>1941</td><td>-2.8</td><td>12.0</td><td>-</td><td>-.7</td><td>-2.2</td><td>.4</td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
1/ Treasury investment accounts comprise (1) trust funds which by law are under the control of the Secretary of the Treasury or of the Treasurer of the United States, and (2) accounts under the control of certain U. S. Government agencies whose investments are handled through the facilities of the Treasury Department.
30
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941
The following tables present summary data from the Treasury survey, as of May 31, 1941, of the ownership of securities issued or guaranteed by the United States. The large commercial and savings banks and insurance companies covered in the survey account for approximately 95 percent of the holdings of United States Government and Government-guaranteed securities held by all banks and insurance companies in the United States. The holdings of Government agencies and trust funds are reported separately this month for the first time. In previous months they were included with the amount "Held by all other investors"; therefore, the amounts shown under the latter caption this month are not comparable with the figures shown for earlier months.
Table I.- Analysis 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="7">Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by Government agencies and trust funds 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total</th><th colspan="2">6,323 banks</th><th colspan="2">783 insurance companies</th><th>582 fire, casualty, and marine insurance companies</th></tr><tr><th></th><th></th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th></th><th></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><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>1,603</td><td>806</td><td>791</td><td>759</td><td>32</td><td>16</td><td>*</td><td>16</td><td>-</td><td>797</td></tr><tr><td>Notes</td><td>5,721</td><td>3,370</td><td>3,113</td><td>2,911</td><td>202</td><td>258</td><td>172</td><td>85</td><td>45</td><td>2,306</td></tr><tr><td>Bonds</td><td>29,750</td><td>19,247</td><td>13,441</td><td>10,726</td><td>2,715</td><td>5,807</td><td>4,693</td><td>1,114</td><td>2,027</td><td>8,476</td></tr><tr><td>Guaranteed issues 3/</td><td>6,359</td><td>4,883</td><td>4,290</td><td>4,044</td><td>246</td><td>593</td><td>492</td><td>101</td><td>271</td><td>1,205</td></tr><tr><td>Total</td><td>43,434</td><td>28,307</td><td>21,634</td><td>18,439</td><td>3,195</td><td>6,673</td><td>5,357</td><td>1,316</td><td>2,343</td><td>12,785</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>4,889</td><td>3,104</td><td>2,752</td><td>2,558</td><td>194</td><td>353</td><td>263</td><td>89</td><td>36</td><td>1,748</td></tr><tr><td>1 to 5 years</td><td>16,384</td><td>10,586</td><td>8,818</td><td>7,997</td><td>821</td><td>1,768</td><td>1,380</td><td>388</td><td>648</td><td>5,149</td></tr><tr><td>5 to 10 years</td><td>10,168</td><td>7,138</td><td>5,383</td><td>4,325</td><td>1,058</td><td>1,755</td><td>1,410</td><td>345</td><td>617</td><td>2,413</td></tr><tr><td>10 to 15 years</td><td>8,540</td><td>5,176</td><td>3,687</td><td>2,761</td><td>925</td><td>1,489</td><td>1,236</td><td>253</td><td>789</td><td>2,576</td></tr><tr><td>15 to 20 years</td><td>3,386</td><td>2,293</td><td>992</td><td>795</td><td>196</td><td>1,301</td><td>1,060</td><td>241</td><td>252</td><td>842</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>-</td><td>49</td></tr><tr><td>Federal Housing Administration debentures</td><td>17</td><td>10</td><td>2</td><td>2</td><td>*</td><td>8</td><td>8</td><td>*</td><td>-</td><td>7</td></tr><tr><td>Total</td><td>43,434</td><td>28,307</td><td>21,634</td><td>18,439</td><td>3,195</td><td>6,673</td><td>5,357</td><td>1,316</td><td>2,343</td><td>12,785</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 4/</td><td>4,687</td><td>2,363</td><td>2,171</td><td>2,057</td><td>114</td><td>192</td><td>122</td><td>70</td><td>58</td><td>2,266</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>33,130</td><td>21,940</td><td>15,817</td><td>13,358</td><td>2,459</td><td>6,123</td><td>4,935</td><td>1,188</td><td>2,161</td><td>9,029</td></tr><tr><td>Subject to Federal income taxes</td><td>5,617</td><td>4,005</td><td>3,646</td><td>3,024</td><td>622</td><td>359</td><td>300</td><td>59</td><td>123</td><td>1,490</td></tr><tr><td>Total</td><td>43,434</td><td>28,307</td><td>21,634</td><td>18,439</td><td>3,195</td><td>6,673</td><td>5,357</td><td>1,316</td><td>2,343</td><td>12,785</td></tr></table>
(Continued on following page)
31
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941 - (Continued)
Table I.- Analysis 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 banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by Government agencies and trust funds 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total</th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>783 insurance companies</th><th>201 life insurance companies</th><th>582 fire, casualty, and marine insurance companies</th></tr><tr><td>1. By type of security 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><td></td></tr><tr><td>Bills</td><td>3.7</td><td>2.9</td><td>3.7</td><td>4.1</td><td>1.0</td><td>.2</td><td>-</td><td>1.2</td><td>-</td><td>6.2</td></tr><tr><td>Notes</td><td>13.2</td><td>11.9</td><td>14.4</td><td>15.3</td><td>6.3</td><td>3.9</td><td>3.2</td><td>6.5</td><td>1.9</td><td>18.0</td></tr><tr><td>Bonds</td><td>68.5</td><td>68.0</td><td>62.1</td><td>58.2</td><td>85.0</td><td>87.0</td><td>87.6</td><td>84.7</td><td>86.5</td><td>66.3</td></tr><tr><td>Guaranteed issues 3/</td><td>14.6</td><td>17.3</td><td>19.8</td><td>21.9</td><td>7.7</td><td>8.9</td><td>9.2</td><td>7.7</td><td>11.6</td><td>9.4</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><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><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><td></td></tr><tr><td>Within 1 year</td><td>11.3</td><td>11.0</td><td>12.7</td><td>13.9</td><td>6.1</td><td>5.3</td><td>4.9</td><td>6.8</td><td>1.5</td><td>13.7</td></tr><tr><td>1 to 5 years</td><td>37.7</td><td>37.4</td><td>40.3</td><td>43.4</td><td>25.7</td><td>26.5</td><td>25.8</td><td>29.5</td><td>27.7</td><td>40.3</td></tr><tr><td>5 to 10 years</td><td>23.4</td><td>25.2</td><td>24.9</td><td>23.5</td><td>33.1</td><td>26.3</td><td>26.3</td><td>26.2</td><td>26.3</td><td>18.9</td></tr><tr><td>10 to 15 years</td><td>19.7</td><td>18.3</td><td>17.0</td><td>15.0</td><td>29.0</td><td>22.3</td><td>23.1</td><td>19.2</td><td>33.7</td><td>20.1</td></tr><tr><td>15 to 20 years</td><td>7.8</td><td>8.1</td><td>4.6</td><td>4.3</td><td>6.1</td><td>19.5</td><td>19.8</td><td>18.3</td><td>10.5</td><td>6.6</td></tr><tr><td>After 20 years</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration debentures</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>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><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><td></td></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>10.8</td><td>8.3</td><td>10.0</td><td>11.2</td><td>3.6</td><td>2.9</td><td>2.3</td><td>5.3</td><td>2.5</td><td>17.7</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>76.3</td><td>77.5</td><td>73.1</td><td>72.4</td><td>77.0</td><td>91.8</td><td>92.1</td><td>90.3</td><td>92.2</td><td>70.6</td></tr><tr><td>Subject to Federal income taxes</td><td>12.9</td><td>14.1</td><td>16.9</td><td>16.4</td><td>19.5</td><td>5.4</td><td>5.6</td><td>4.5</td><td>5.3</td><td>11.7</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><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 banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by Government agencies and trust funds 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total</th><th colspan="3">6,323 banks</th><th colspan="3">783 insurance companies</th></tr><tr><th></th><th></th><th>Total</th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th>582 fire, casualty, and marine insurance companies</th><th></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><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>100.0</td><td>50.3</td><td>49.3</td><td>47.3</td><td>2.0</td><td>1.0</td><td>*</td><td>1.0</td><td>-</td><td>49.7</td></tr><tr><td>Notes</td><td>100.0</td><td>58.9</td><td>54.4</td><td>50.9</td><td>3.5</td><td>4.5</td><td>3.0</td><td>1.5</td><td>.5</td><td>40.3</td></tr><tr><td>Bonds</td><td>100.0</td><td>64.7</td><td>45.2</td><td>36.1</td><td>9.1</td><td>19.5</td><td>15.8</td><td>3.7</td><td>6.8</td><td>28.5</td></tr><tr><td>Guaranteed issues 3/</td><td>100.0</td><td>76.8</td><td>67.5</td><td>63.6</td><td>3.9</td><td>9.3</td><td>7.7</td><td>1.6</td><td>4.3</td><td>18.9</td></tr><tr><td>Total</td><td>100.0</td><td>65.2</td><td>49.8</td><td>42.5</td><td>7.4</td><td>15.4</td><td>12.3</td><td>3.0</td><td>5.4</td><td>29.4</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>100.0</td><td>63.5</td><td>56.3</td><td>52.3</td><td>4.0</td><td>7.2</td><td>5.4</td><td>1.8</td><td>.7</td><td>35.8</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>64.6</td><td>53.8</td><td>48.8</td><td>5.0</td><td>10.8</td><td>8.4</td><td>2.4</td><td>4.0</td><td>31.4</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>70.2</td><td>52.9</td><td>42.5</td><td>10.4</td><td>17.3</td><td>13.9</td><td>3.4</td><td>6.1</td><td>23.7</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>60.6</td><td>43.2</td><td>32.3</td><td>10.8</td><td>17.4</td><td>14.5</td><td>3.0</td><td>9.2</td><td>30.2</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>67.7</td><td>29.3</td><td>23.5</td><td>5.8</td><td>38.4</td><td>31.3</td><td>7.1</td><td>7.4</td><td>24.9</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>47.1</td><td>47.1</td><td>-</td><td>-</td><td>98.0</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>58.8</td><td>11.8</td><td>11.8</td><td>-</td><td>47.1</td><td>47.1</td><td>-</td><td>-</td><td>41.2</td></tr><tr><td>Total</td><td>100.0</td><td>65.2</td><td>49.8</td><td>42.5</td><td>7.4</td><td>15.4</td><td>12.3</td><td>3.0</td><td>5.4</td><td>29.4</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 4/</td><td>100.0</td><td>50.4</td><td>46.3</td><td>43.9</td><td>2.4</td><td>4.1</td><td>2.6</td><td>1.5</td><td>1.2</td><td>48.3</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>100.0</td><td>66.2</td><td>47.7</td><td>40.3</td><td>7.4</td><td>18.5</td><td>14.9</td><td>3.6</td><td>6.5</td><td>27.3</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>71.3</td><td>64.9</td><td>53.8</td><td>11.1</td><td>6.4</td><td>5.3</td><td>1.1</td><td>2.2</td><td>26.5</td></tr><tr><td>Total</td><td>100.0</td><td>65.2</td><td>49.8</td><td>42.5</td><td>7.4</td><td>15.4</td><td>12.3</td><td>3.0</td><td>5.4</td><td>29.4</td></tr></table>
Note: Figures are rounded to the nearest million or the nearest one-tenth of one percent and will not necessarily add to total.
* Less than $500,000 or less .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 $211, millions, maturity value. These were divided as follows: Commercial banks, $171 millions; mutual savings banks, $17 millions; and insurance companies, $26 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Excludes obligations sold directly to the Treasury.
4/ Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
5/ Securities the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
32
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
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="6">Held by banks and insurance companies covered in Treasury survey</th><th>Held by Government agencies and trust funds 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total</th><th>6,323 banks</th><th colspan="2">783 insurance companies</th><th>582 fire, casualty, and marine insurance companies</th><th></th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th></th><th></th></tr><tr><td>I. Wholly 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><td></td></tr><tr><td>Notes</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>24</td><td>2</td><td>2</td><td>2</td><td>*</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>74</td><td>68</td><td>6</td><td>16</td><td>11</td><td>6</td><td>*</td><td>114</td></tr><tr><td>1-3/4% March 1942</td><td>426</td><td>246</td><td>223</td><td>198</td><td>25</td><td>23</td><td>16</td><td>6</td><td>*</td><td>180</td></tr><tr><td>2% September 1942</td><td>342</td><td>128</td><td>97</td><td>82</td><td>16</td><td>31</td><td>24</td><td>6</td><td>*</td><td>214</td></tr><tr><td>1-3/4% December 1942</td><td>232</td><td>103</td><td>87</td><td>77</td><td>9</td><td>16</td><td>8</td><td>8</td><td>*</td><td>130</td></tr><tr><td>1-1/8% June 1943</td><td>629</td><td>322</td><td>305</td><td>289</td><td>17</td><td>17</td><td>4</td><td>13</td><td>20</td><td>287</td></tr><tr><td>1% September 1943</td><td>280</td><td>199</td><td>194</td><td>186</td><td>7</td><td>6</td><td>3</td><td>2</td><td>*</td><td>80</td></tr><tr><td>1-1/8% December 1943</td><td>421</td><td>195</td><td>158</td><td>146</td><td>12</td><td>37</td><td>30</td><td>7</td><td>3</td><td>223</td></tr><tr><td>1% March 1944</td><td>515</td><td>291</td><td>283</td><td>275</td><td>9</td><td>8</td><td>2</td><td>6</td><td>1</td><td>222</td></tr><tr><td>3/4% June 1944</td><td>416</td><td>256</td><td>250</td><td>243</td><td>7</td><td>7</td><td>3</td><td>4</td><td>1</td><td>158</td></tr><tr><td>1% September 1944</td><td>283</td><td>33</td><td>32</td><td>30</td><td>2</td><td>1</td><td>*</td><td>1</td><td>*</td><td>250</td></tr><tr><td>3/4% March 1945</td><td>718</td><td>480</td><td>450</td><td>446</td><td>4</td><td>30</td><td>20</td><td>10</td><td>1</td><td>237</td></tr><tr><td>Total notes</td><td>4,491</td><td>2,346</td><td>2,155</td><td>2,042</td><td>114</td><td>191</td><td>122</td><td>69</td><td>27</td><td>2,117</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></tr><tr><td>Postal savings</td><td>117</td><td>15</td><td>15</td><td>15</td><td>*</td><td>1</td><td>*</td><td>1</td><td>31</td><td>71</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>*</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>*</td><td>29</td></tr><tr><td>Total bonds</td><td>196</td><td>16</td><td>16</td><td>16</td><td>*</td><td>1</td><td>*</td><td>1</td><td>31</td><td>149</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>4,687</td><td>2,363</td><td>2,171</td><td>2,057</td><td>114</td><td>192</td><td>122</td><td>70</td><td>58</td><td>2,266</td></tr><tr><td>II. Partially exempt from Federal income taxes 4/</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></tr><tr><td>3-1/4% August 1941</td><td>834</td><td>560</td><td>427</td><td>341</td><td>86</td><td>133</td><td>109</td><td>24</td><td>*</td><td>275</td></tr><tr><td>3-3/8% June 1943-47</td><td>454</td><td>253</td><td>191</td><td>137</td><td>55</td><td>62</td><td>49</td><td>13</td><td>29</td><td>172</td></tr><tr><td>3-1/4% October 1943-45</td><td>1,400</td><td>772</td><td>585</td><td>513</td><td>72</td><td>187</td><td>138</td><td>49</td><td>71</td><td>558</td></tr><tr><td>3-1/4% April 1944-46</td><td>1,519</td><td>896</td><td>656</td><td>574</td><td>81</td><td>240</td><td>189</td><td>51</td><td>92</td><td>531</td></tr><tr><td>1/4% December 1944-54</td><td>1,037</td><td>630</td><td>426</td><td>355</td><td>71</td><td>204</td><td>158</td><td>46</td><td>65</td><td>342</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>783</td><td>560</td><td>478</td><td>82</td><td>223</td><td>178</td><td>45</td><td>48</td><td>384</td></tr><tr><td>2-1/2% December 1945</td><td>541</td><td>415</td><td>320</td><td>286</td><td>33</td><td>96</td><td>66</td><td>29</td><td>*</td><td>125</td></tr><tr><td>3-3/4% March 1946-56</td><td>489</td><td>316</td><td>199</td><td>144</td><td>55</td><td>117</td><td>100</td><td>17</td><td>34</td><td>139</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>636</td><td>434</td><td>338</td><td>96</td><td>202</td><td>168</td><td>34</td><td>115</td><td>285</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>479</td><td>322</td><td>233</td><td>89</td><td>157</td><td>132</td><td>25</td><td>40</td><td>300</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>406</td><td>235</td><td>148</td><td>86</td><td>171</td><td>112</td><td>60</td><td>69</td><td>284</td></tr><tr><td>2% December 1947</td><td>701</td><td>560</td><td>485</td><td>462</td><td>23</td><td>75</td><td>53</td><td>22</td><td>2</td><td>140</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,224</td><td>900</td><td>653</td><td>512</td><td>141</td><td>247</td><td>209</td><td>38</td><td>68</td><td>255</td></tr><tr><td>2-1/4% September 1948</td><td>451</td><td>357</td><td>280</td><td>255</td><td>25</td><td>78</td><td>66</td><td>11</td><td>5</td><td>89</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>464</td><td>397</td><td>366</td><td>31</td><td>66</td><td>45</td><td>21</td><td>52</td><td>56</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>378</td><td>232</td><td>154</td><td>78</td><td>146</td><td>110</td><td>37</td><td>14</td><td>100</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,195</td><td>931</td><td>759</td><td>172</td><td>265</td><td>219</td><td>46</td><td>179</td><td>412</td></tr><tr><td>2-1/4% September 1950-52</td><td>1,186</td><td>876</td><td>659</td><td>509</td><td>150</td><td>217</td><td>177</td><td>41</td><td>54</td><td>256</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,167</td><td>691</td><td>474</td><td>217</td><td>476</td><td>414</td><td>62</td><td>99</td><td>360</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>290</td><td>195</td><td>111</td><td>84</td><td>94</td><td>75</td><td>20</td><td>78</td><td>188</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>797</td><td>723</td><td>655</td><td>69</td><td>74</td><td>58</td><td>16</td><td>89</td><td>232</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>602</td><td>570</td><td>542</td><td>28</td><td>32</td><td>17</td><td>15</td><td>11</td><td>112</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>523</td><td>387</td><td>341</td><td>46</td><td>136</td><td>108</td><td>28</td><td>47</td><td>111</td></tr><tr><td>2-7/8% March 1955-60</td><td>2,611</td><td>1,073</td><td>506</td><td>333</td><td>173</td><td>567</td><td>463</td><td>104</td><td>380</td><td>1,158</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>587</td><td>315</td><td>247</td><td>67</td><td>273</td><td>231</td><td>42</td><td>127</td><td>267</td></tr><tr><td>2-3/4% June 1958-53</td><td>919</td><td>671</td><td>263</td><td>206</td><td>57</td><td>408</td><td>341</td><td>68</td><td>141</td><td>204</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,034</td><td>414</td><td>342</td><td>72</td><td>620</td><td>489</td><td>132</td><td>80</td><td>371</td></tr><tr><td>Total Treasury bonds</td><td>27,415</td><td>17,621</td><td>12,055</td><td>9,818</td><td>2,238</td><td>5,566</td><td>4,471</td><td>1,095</td><td>1,892</td><td>7,902</td></tr></table>
(Continued on following page)
33
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (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>Total</th><th colspan="3">6,323 banks</th><th colspan="3">783 insurance companies</th><th>Held by Government agencies and trust funds 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th>582 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>II. Partially exempt from Federal income taxes 4/ (continued)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></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>170</td><td>141</td><td>137</td><td>4</td><td>29</td><td>20</td><td>9</td><td>-</td><td>33</td></tr><tr><td>1% November 1941</td><td>204</td><td>177</td><td>169</td><td>167</td><td>2</td><td>8</td><td>4</td><td>5</td><td>*</td><td>27</td></tr><tr><td>3/4% May 1943</td><td>289</td><td>255</td><td>246</td><td>244</td><td>3</td><td>8</td><td>4</td><td>4</td><td>-</td><td>35</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><td></td></tr><tr><td>3% January 1942-47</td><td>236</td><td>151</td><td>101</td><td>89</td><td>12</td><td>51</td><td>47</td><td>3</td><td>1</td><td>85</td></tr><tr><td>2-3/4% March 1942-47</td><td>103</td><td>87</td><td>69</td><td>60</td><td>9</td><td>18</td><td>17</td><td>1</td><td>-</td><td>16</td></tr><tr><td>3-1/4% March 1944-64</td><td>95</td><td>59</td><td>27</td><td>17</td><td>11</td><td>32</td><td>30</td><td>2</td><td>*</td><td>35</td></tr><tr><td>5% May 1944-49</td><td>835</td><td>511</td><td>352</td><td>321</td><td>31</td><td>199</td><td>146</td><td>13</td><td>95</td><td>229</td></tr><tr><td>Federal Housing Administration debentures</td><td>17</td><td>10</td><td>2</td><td>2</td><td>*</td><td>8</td><td>8</td><td>*</td><td>-</td><td>7</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><td></td></tr><tr><td>2-1/4% July 1942-44</td><td>875</td><td>743</td><td>719</td><td>693</td><td>26</td><td>23</td><td>10</td><td>13</td><td>22</td><td>111</td></tr><tr><td>3% May 1944-52</td><td>779</td><td>367</td><td>273</td><td>202</td><td>71</td><td>94</td><td>85</td><td>10</td><td>141</td><td>271</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>661</td><td>609</td><td>581</td><td>28</td><td>51</td><td>43</td><td>8</td><td>6</td><td>89</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><td></td></tr><tr><td>7/8% July 1941</td><td>212</td><td>183</td><td>185</td><td>179</td><td>6</td><td>3</td><td>1</td><td>2</td><td>1</td><td>23</td></tr><tr><td>7/8% November 1941</td><td>239</td><td>248</td><td>207</td><td>205</td><td>2</td><td>41</td><td>27</td><td>15</td><td>-</td><td>51</td></tr><tr><td>7/8% January 1942</td><td>310</td><td>266</td><td>253</td><td>244</td><td>9</td><td>14</td><td>11</td><td>3</td><td>3</td><td>41</td></tr><tr><td>1% July 1942</td><td>276</td><td>232</td><td>219</td><td>214</td><td>6</td><td>13</td><td>9</td><td>4</td><td>*</td><td>44</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><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>-</td><td>16</td></tr><tr><td>1-3/8% February 1944</td><td>114</td><td>99</td><td>94</td><td>92</td><td>2</td><td>4</td><td>2</td><td>2</td><td>1</td><td>15</td></tr><tr><td>Total guaranteed issues</td><td>5,714</td><td>4,319</td><td>3,762</td><td>3,540</td><td>222</td><td>558</td><td>464</td><td>93</td><td>269</td><td>1,127</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>33,130</td><td>21,940</td><td>15,817</td><td>13,358</td><td>2,459</td><td>6,123</td><td>4,935</td><td>1,188</td><td>2,161</td><td>9,029</td></tr><tr><td>III. Subject to Federal income taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td></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>318</td><td>308</td><td>288</td><td>21</td><td>10</td><td>-</td><td>10</td><td>-</td><td>383</td></tr><tr><td>July 1941 maturities</td><td>501</td><td>293</td><td>290</td><td>285</td><td>4</td><td>4</td><td>-</td><td>4</td><td>-</td><td>208</td></tr><tr><td>August 1941 maturities</td><td>501</td><td>195</td><td>193</td><td>186</td><td>7</td><td>2</td><td>*</td><td>2</td><td>-</td><td>206</td></tr><tr><td>Total bills</td><td>1,602</td><td>806</td><td>791</td><td>759</td><td>32</td><td>16</td><td>*</td><td>16</td><td>-</td><td>797</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>65</td><td>15</td><td>13</td><td>12</td><td>2</td><td>2</td><td>2</td><td>*</td><td>-</td><td>50</td></tr><tr><td>3/4% September 1944</td><td>635</td><td>245</td><td>213</td><td>457</td><td>56</td><td>32</td><td>24</td><td>8</td><td>10</td><td>80</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>464</td><td>431</td><td>399</td><td>31</td><td>33</td><td>25</td><td>9</td><td>8</td><td>60</td></tr><tr><td>Total notes</td><td>1,231</td><td>1,024</td><td>957</td><td>868</td><td>89</td><td>67</td><td>50</td><td>17</td><td>18</td><td>189</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></tr><tr><td>2% March 1948-50</td><td>1,115</td><td>886</td><td>756</td><td>588</td><td>167</td><td>131</td><td>120</td><td>8</td><td>20</td><td>209</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>724</td><td>614</td><td>305</td><td>310</td><td>110</td><td>102</td><td>11</td><td>84</td><td>216</td></tr><tr><td>Total Treasury bonds</td><td>2,139</td><td>1,610</td><td>1,370</td><td>893</td><td>477</td><td>241</td><td>222</td><td>19</td><td>104</td><td>425</td></tr><tr><td>Guaranteed issues 5/</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></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>281</td><td>263</td><td>253</td><td>9</td><td>18</td><td>18</td><td>1</td><td>1</td><td>38</td></tr><tr><td>1-1/8% July 1943</td><td>324</td><td>283</td><td>266</td><td>250</td><td>15</td><td>17</td><td>11</td><td>7</td><td>1</td><td>41</td></tr><tr><td>Total guaranteed issues</td><td>644</td><td>564</td><td>528</td><td>504</td><td>25</td><td>36</td><td>28</td><td>8</td><td>2</td><td>79</td></tr><tr><td>Total subject to Federal income taxes</td><td>5,617</td><td>4,005</td><td>3,046</td><td>3,024</td><td>622</td><td>359</td><td>300</td><td>59</td><td>123</td><td>1,492</td></tr><tr><td>IV. Grand total</td><td>43,434</td><td>28,307</td><td>21,634</td><td>18,439</td><td>3,195</td><td>6,673</td><td>5,357</td><td>1,316</td><td>2,343</td><td>12,785</td></tr></table>
(Continued on following page)
34
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th>Issue, classified by tax-exempt provision</th><th>Total amount outstanding</th><th colspan="7">Held by banks and insurance companies covered in Treasury survey</th><th>Held by Government agencies and trust funds 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th>Total</th><th>6,323 banks</th><th colspan="2">491 commercial banks</th><th colspan="2">783 insurance companies</th><th>582 life insurance and marine companies</th><th>casualty, fire, and marine insurance companies</th><th></th></tr><tr><th>I. Wholly exempt from Federal income taxes 3/</th><th></th><th></th><th>Total</th><th>5,832 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th></th><th></th><th></th></tr><tr><td>Notes</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>100.0</td><td>10.1</td><td>10.1</td><td>9.2</td><td>.4</td><td>.4</td><td></td><td>.4</td><td>*</td><td>89.5</td></tr><tr><td>1-1/4% December 1941</td><td>100.0</td><td>44.6</td><td>36.3</td><td>33.3</td><td>2.9</td><td>7.8</td><td>5.4</td><td>2.9</td><td>.2</td><td>55.9</td></tr><tr><td>1-3/4% March 1942</td><td>100.0</td><td>57.7</td><td>52.3</td><td>46.5</td><td>5.9</td><td>5.4</td><td>3.8</td><td>1.4</td><td>.1</td><td>42.3</td></tr><tr><td>2% September 1942</td><td>100.0</td><td>37.4</td><td>28.4</td><td>24.0</td><td>4.7</td><td>9.1</td><td>7.0</td><td>1.8</td><td>-</td><td>62.6</td></tr><tr><td>1-3/4% December 1942</td><td>100.0</td><td>44.4</td><td>37.5</td><td>33.2</td><td>3.9</td><td>6.9</td><td>3.4</td><td>3.4</td><td>.1</td><td>56.0</td></tr><tr><td>1-1/8% June 1943</td><td>100.0</td><td>51.2</td><td>48.5</td><td>45.9</td><td>2.7</td><td>2.7</td><td>.6</td><td>2.1</td><td>3.2</td><td>45.6</td></tr><tr><td>1% September 1943</td><td>100.0</td><td>71.1</td><td>69.3</td><td>66.4</td><td>2.5</td><td>2.1</td><td>1.1</td><td>.7</td><td>.1</td><td>28.6</td></tr><tr><td>1-1/8% December 1943</td><td>100.0</td><td>46.3</td><td>37.5</td><td>34.7</td><td>2.9</td><td>8.8</td><td>7.1</td><td>1.7</td><td>.7</td><td>53.0</td></tr><tr><td>1% March 1944</td><td>100.0</td><td>56.5</td><td>55.0</td><td>53.4</td><td>1.7</td><td>1.6</td><td>.4</td><td>1.2</td><td>.2</td><td>43.1</td></tr><tr><td>3/4% June 1944</td><td>100.0</td><td>61.5</td><td>60.1</td><td>58.4</td><td>1.7</td><td>1.7</td><td>.7</td><td>1.0</td><td>.2</td><td>38.0</td></tr><tr><td>1% September 1944</td><td>100.0</td><td>11.7</td><td>11.3</td><td>10.6</td><td>.7</td><td>.4</td><td>*</td><td>.4</td><td>-</td><td>88.3</td></tr><tr><td>3/4% March 1945</td><td>100.0</td><td>66.9</td><td>62.7</td><td>62.1</td><td>.6</td><td>4.2</td><td>2.8</td><td>1.4</td><td>.1</td><td>33.0</td></tr><tr><td>Total notes</td><td>100.0</td><td>52.2</td><td>48.0</td><td>45.5</td><td>2.5</td><td>4.3</td><td>2.7</td><td>1.5</td><td>.6</td><td>47.1</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></tr><tr><td>Postal savings</td><td>100.0</td><td>12.8</td><td>12.8</td><td>12.8</td><td>.3</td><td>.9</td><td>.1</td><td>.9</td><td>26.5</td><td>60.7</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>.2</td><td>.2</td><td>*</td><td>-</td><td>98.0</td></tr><tr><td>Conversion</td><td>100.0</td><td>1.0</td><td>.7</td><td>*</td><td>.7</td><td>.3</td><td>.3</td><td>*</td><td></td><td>99.0</td></tr><tr><td>Total bonds</td><td>100.0</td><td>8.2</td><td>8.2</td><td>8.2</td><td>*</td><td>.5</td><td>*</td><td>.5</td><td>15.8</td><td>76.0</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>100.0</td><td>50.4</td><td>46.3</td><td>43.9</td><td>2.4</td><td>4.1</td><td>2.6</td><td>1.5</td><td>1.2</td><td>48.3</td></tr><tr><th>II. Partially exempt from Federal income taxes 4/</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><th>Treasury bonds</th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th></th></tr><tr><td>3-1/4% August 1941</td><td>100.0</td><td>67.1</td><td>51.2</td><td>40.9</td><td>10.3</td><td>15.9</td><td>13.1</td><td>2.9</td><td>*</td><td>33.0</td></tr><tr><td>3-3/8% June 1943-47</td><td>100.0</td><td>55.7</td><td>42.1</td><td>30.2</td><td>12.1</td><td>13.7</td><td>10.8</td><td>2.9</td><td>6.4</td><td>37.9</td></tr><tr><td>3-1/4% October 1943-45</td><td>100.0</td><td>55.1</td><td>41.8</td><td>36.6</td><td>5.1</td><td>13.4</td><td>9.9</td><td>3.5</td><td>5.1</td><td>39.9</td></tr><tr><td>3-1/4% April 1944-46</td><td>100.0</td><td>59.0</td><td>43.2</td><td>37.8</td><td>5.3</td><td>15.8</td><td>12.4</td><td>3.4</td><td>6.1</td><td>35.0</td></tr><tr><td>4% December 1944-54</td><td>100.0</td><td>60.8</td><td>41.1</td><td>34.2</td><td>6.8</td><td>19.7</td><td>15.2</td><td>4.4</td><td>6.3</td><td>33.0</td></tr><tr><td>2-3/4% September 1945-47</td><td>100.0</td><td>64.5</td><td>46.1</td><td>39.4</td><td>6.8</td><td>18.4</td><td>14.7</td><td>3.7</td><td>4.0</td><td>31.6</td></tr><tr><td>2-1/2% December 1945</td><td>100.0</td><td>76.7</td><td>59.1</td><td>52.9</td><td>6.1</td><td>17.7</td><td>12.2</td><td>5.4</td><td>.1</td><td>23.1</td></tr><tr><td>3-3/4% March 1946-56</td><td>100.0</td><td>64.6</td><td>40.7</td><td>29.4</td><td>11.2</td><td>23.9</td><td>20.4</td><td>3.5</td><td>7.0</td><td>28.4</td></tr><tr><td>3% June 1946-48</td><td>100.0</td><td>61.4</td><td>41.9</td><td>32.6</td><td>9.3</td><td>19.5</td><td>16.2</td><td>3.3</td><td>11.1</td><td>27.5</td></tr><tr><td>3-1/8% June 1946-49</td><td>100.0</td><td>58.5</td><td>39.3</td><td>28.4</td><td>10.9</td><td>19.2</td><td>16.1</td><td>3.1</td><td>4.9</td><td>36.6</td></tr><tr><td>4-1/4% October 1947-52</td><td>100.0</td><td>53.5</td><td>31.0</td><td>19.5</td><td>11.3</td><td>22.5</td><td>14.8</td><td>7.9</td><td>9.1</td><td>37.4</td></tr><tr><td>2% December 1947</td><td>100.0</td><td>79.9</td><td>69.2</td><td>65.9</td><td>3.3</td><td>10.7</td><td>7.6</td><td>3.1</td><td>.3</td><td>20.0</td></tr><tr><td>2-3/4% March 1948-51</td><td>100.0</td><td>73.5</td><td>53.3</td><td>41.8</td><td>11.5</td><td>20.2</td><td>17.1</td><td>3.1</td><td>5.6</td><td>20.8</td></tr><tr><td>2-1/2% September 1948</td><td>100.0</td><td>79.2</td><td>62.1</td><td>56.5</td><td>5.5</td><td>17.3</td><td>14.6</td><td>2.4</td><td>1.1</td><td>19.7</td></tr><tr><td>2% December 1948-50</td><td>100.0</td><td>81.3</td><td>69.5</td><td>64.1</td><td>5.4</td><td>11.6</td><td>7.9</td><td>3.7</td><td>9.1</td><td>9.8</td></tr><tr><td>3-1/8% December 1949-52</td><td>100.0</td><td>77.0</td><td>47.3</td><td>31.4</td><td>15.9</td><td>29.7</td><td>22.4</td><td>7.5</td><td>2.9</td><td>20.4</td></tr><tr><td>2-1/2% December 1949-53</td><td>100.0</td><td>66.9</td><td>52.1</td><td>42.5</td><td>9.6</td><td>14.8</td><td>12.3</td><td>2.6</td><td>10.0</td><td>23.1</td></tr><tr><td>2-1/2% September 1950-52</td><td>100.0</td><td>73.9</td><td>55.6</td><td>42.9</td><td>12.6</td><td>18.3</td><td>14.9</td><td>3.5</td><td>4.6</td><td>21.6</td></tr><tr><td>2-3/4% June 1951-54</td><td>100.0</td><td>71.7</td><td>42.5</td><td>29.1</td><td>13.3</td><td>29.3</td><td>25.4</td><td>3.8</td><td>6.1</td><td>22.1</td></tr><tr><td>3% September 1951-55</td><td>100.0</td><td>38.4</td><td>25.8</td><td>14.7</td><td>11.1</td><td>12.5</td><td>9.9</td><td>2.6</td><td>10.3</td><td>51.4</td></tr><tr><td>2-1/4% December 1951-53</td><td>100.0</td><td>71.3</td><td>64.7</td><td>58.6</td><td>6.2</td><td>6.6</td><td>5.2</td><td>1.4</td><td>8.0</td><td>20.8</td></tr><tr><td>2% June 1953-55</td><td>100.0</td><td>83.0</td><td>78.6</td><td>74.8</td><td>3.9</td><td>4.4</td><td>2.3</td><td>2.1</td><td>1.5</td><td>15.4</td></tr><tr><td>2-1/4% June 1954-56</td><td>100.0</td><td>76.8</td><td>56.8</td><td>50.1</td><td>6.8</td><td>20.0</td><td>15.9</td><td>4.1</td><td>6.9</td><td>16.3</td></tr><tr><td>2-7/8% March 1955-60</td><td>100.0</td><td>41.1</td><td>19.4</td><td>12.7</td><td>6.6</td><td>21.7</td><td>17.7</td><td>4.0</td><td>14.6</td><td>44.4</td></tr><tr><td>2-3/4% September 1956-59</td><td>100.0</td><td>59.8</td><td>32.1</td><td>25.2</td><td>6.8</td><td>27.8</td><td>23.5</td><td>4.3</td><td>12.9</td><td>27.2</td></tr><tr><td>2-3/4% June 1958-63</td><td>100.0</td><td>73.0</td><td>28.6</td><td>22.4</td><td>6.2</td><td>41.4</td><td>37.1</td><td>7.4</td><td>4.8</td><td>22.2</td></tr><tr><td>2-3/4% December 1960-65</td><td>100.0</td><td>69.6</td><td>27.9</td><td>23.0</td><td>4.8</td><td>41.8</td><td>32.9</td><td>8.9</td><td>5.4</td><td>25.0</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>64.3</td><td>44.0</td><td>35.8</td><td>8.2</td><td>20.3</td><td>16.3</td><td>4.0</td><td>6.9</td><td>28.8</td></tr></table>
(Continued on following page)
35
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, May 31, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (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>Total</th><th colspan="3">Held by banks and insurance companies covered in Treasury survey</th><th colspan="3">Held by 783 insurance companies</th><th>Held by Government agencies and trust funds 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th>6,323 commercial banks</th><th>491 mutual savings banks</th><th>Total</th><th>201 life insurance companies</th><th>582 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td colspan="11">II. Partially exempt from Federal income taxes 4/ (Continued)</td></tr><tr><td>Guaranteed issues 5/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commodity Credit Corporation</td><td></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>100.0</td><td>83.7</td><td>69.5</td><td>67.5</td><td>2.0</td><td>14.3</td><td>9.9</td><td>4.4</td><td>-</td><td>16.3</td></tr><tr><td>1% November 1941</td><td>100.0</td><td>86.8</td><td>82.8</td><td>81.9</td><td>1.0</td><td>3.9</td><td>2.0</td><td>2.5</td><td>.1</td><td>13.2</td></tr><tr><td>3/4% May 1943</td><td>100.0</td><td>88.2</td><td>85.1</td><td>84.4</td><td>1.0</td><td>2.8</td><td>1.4</td><td>1.4</td><td>-</td><td>12.1</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><td></td></tr><tr><td>3% January 1942-47</td><td>100.0</td><td>64.0</td><td>42.8</td><td>37.7</td><td>5.1</td><td>21.6</td><td>19.9</td><td>1.3</td><td>.4</td><td>36.0</td></tr><tr><td>2-3/8% March 1942-47</td><td>100.0</td><td>84.5</td><td>67.0</td><td>58.3</td><td>8.7</td><td>17.5</td><td>16.5</td><td>1.0</td><td>-</td><td>15.5</td></tr><tr><td>3-1/4% March 1944-64</td><td>100.0</td><td>62.4</td><td>28.4</td><td>17.9</td><td>11.6</td><td>33.7</td><td>31.6</td><td>2.1</td><td>.2</td><td>37.1</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>11.4</td><td>27.4</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>59.1</td><td>13.5</td><td>11.1</td><td>2.3</td><td>45.6</td><td>45.0</td><td>.6</td><td>-</td><td>40.9</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><td></td><td></td></tr><tr><td>2-1/4% July 1942-44</td><td>100.0</td><td>84.9</td><td>82.2</td><td>79.2</td><td>3.0</td><td>2.6</td><td>1.1</td><td>1.5</td><td>2.5</td><td>12.7</td></tr><tr><td>3% May 1944-52</td><td>100.0</td><td>47.1</td><td>35.0</td><td>25.9</td><td>9.1</td><td>12.1</td><td>10.9</td><td>1.3</td><td>18.1</td><td>34.8</td></tr><tr><td>1-1/2% June 1945-47</td><td>100.0</td><td>87.5</td><td>80.7</td><td>77.0</td><td>3.7</td><td>6.8</td><td>5.7</td><td>1.1</td><td>.8</td><td>11.8</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><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>.5</td><td>10.8</td></tr><tr><td>7/8% November 1941</td><td>100.0</td><td>82.9</td><td>69.2</td><td>68.6</td><td>.7</td><td>13.7</td><td>9.0</td><td>5.0</td><td>-</td><td>17.1</td></tr><tr><td>7/8% January 1942</td><td>100.0</td><td>85.8</td><td>81.6</td><td>78.7</td><td>2.9</td><td>4.5</td><td>3.5</td><td>1.0</td><td>1.0</td><td>13.2</td></tr><tr><td>1% July 1942</td><td>100.0</td><td>84.1</td><td>79.3</td><td>77.5</td><td>2.2</td><td>4.7</td><td>3.3</td><td>1.4</td><td>.1</td><td>15.9</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><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>.3</td><td>-</td><td>14.3</td></tr><tr><td>1-3/8% February 1944</td><td>100.0</td><td>86.5</td><td>82.5</td><td>80.7</td><td>1.8</td><td>3.5</td><td>1.8</td><td>1.8</td><td>.5</td><td>13.2</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>75.6</td><td>65.8</td><td>62.0</td><td>3.9</td><td>9.8</td><td>8.1</td><td>1.6</td><td>4.7</td><td>19.7</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>100.0</td><td>66.2</td><td>47.7</td><td>40.3</td><td>7.4</td><td>18.5</td><td>14.9</td><td>3.6</td><td>6.5</td><td>27.3</td></tr><tr><td colspan="11">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><td></td></tr><tr><td>June 1941 maturities</td><td>100.0</td><td>45.4</td><td>43.9</td><td>41.1</td><td>3.0</td><td>1.4</td><td>-</td><td>1.4</td><td>-</td><td>54.6</td></tr><tr><td>July 1941 maturities</td><td>100.0</td><td>58.5</td><td>57.9</td><td>56.9</td><td>.8</td><td>.8</td><td>-</td><td>.8</td><td>-</td><td>41.5</td></tr><tr><td>August 1941 maturities</td><td>100.0</td><td>48.6</td><td>48.1</td><td>46.4</td><td>1.7</td><td>.5</td><td>-</td><td>.5</td><td>-</td><td>51.4</td></tr><tr><td>Total bills</td><td>100.0</td><td>50.3</td><td>49.4</td><td>47.4</td><td>2.0</td><td>1.0</td><td>-</td><td>1.0</td><td>-</td><td>49.8</td></tr><tr><td>Notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>100.0</td><td>23.1</td><td>20.0</td><td>18.5</td><td>3.1</td><td>3.1</td><td>3.1</td><td>.2</td><td>-</td><td>76.9</td></tr><tr><td>3/4% September 1944</td><td>100.0</td><td>85.8</td><td>80.8</td><td>72.0</td><td>8.8</td><td>5.0</td><td>3.8</td><td>1.3</td><td>1.6</td><td>12.6</td></tr><tr><td>3/4% December 1945</td><td>100.0</td><td>87.4</td><td>81.2</td><td>75.1</td><td>5.8</td><td>6.2</td><td>4.7</td><td>1.7</td><td>1.5</td><td>11.3</td></tr><tr><td>Total notes</td><td>100.0</td><td>83.2</td><td>77.7</td><td>70.5</td><td>7.2</td><td>5.4</td><td>4.1</td><td>1.4</td><td>1.5</td><td>15.4</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></tr><tr><td>2% March 1948-50</td><td>100.0</td><td>79.5</td><td>67.8</td><td>52.7</td><td>15.0</td><td>11.7</td><td>10.8</td><td>.7</td><td>1.8</td><td>18.7</td></tr><tr><td>2-1/2% March 1952-54</td><td>100.0</td><td>70.7</td><td>60.0</td><td>29.8</td><td>30.3</td><td>10.7</td><td>10.0</td><td>1.1</td><td>8.2</td><td>21.1</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>75.3</td><td>64.0</td><td>41.7</td><td>22.3</td><td>11.3</td><td>10.4</td><td>.9</td><td>4.9</td><td>19.9</td></tr><tr><td>Guaranteed issues 5/</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></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>100.0</td><td>87.8</td><td>82.2</td><td>79.1</td><td>2.8</td><td>5.6</td><td>5.6</td><td>.3</td><td>.3</td><td>11.9</td></tr><tr><td>1-1/8% July 1943</td><td>100.0</td><td>87.3</td><td>82.1</td><td>77.2</td><td>4.6</td><td>5.2</td><td>3.4</td><td>2.2</td><td>.3</td><td>12.7</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>87.6</td><td>82.0</td><td>78.3</td><td>3.9</td><td>5.6</td><td>4.3</td><td>1.2</td><td>.3</td><td>12.3</td></tr><tr><td>Total subject to Federal income taxes</td><td>100.0</td><td>71.3</td><td>64.9</td><td>53.8</td><td>11.1</td><td>6.4</td><td>5.3</td><td>1.1</td><td>2.2</td><td>26.5</td></tr><tr><td>IV. Grand total</td><td>100.0</td><td>65.2</td><td>49.8</td><td>42.5</td><td>7.4</td><td>15.4</td><td>12.3</td><td>3.0</td><td>5.4</td><td>29.4</td></tr></table>
Note: 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 $214 millions, maturity value. These were divided as follows: Commercial banks, $171 millions; mutual savings banks, $17 millions; and insurance companies, $26 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Securities the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
4/ Securities the income from which is exempt from the normal rates of the Federal income tax. (In the case of partially tax-exempt Treasury bonds, interest derived from $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
5/ Excludes obligations sold directly to the Treasury.
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
-36-
37
Assets and Liabilities of Governmental Corporations and Credit Agencies May 31, 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</th><th>Capital stock in Government corporations and agencies 3/</th><th>Other assets</th></tr><tr><td>Banks for cooperatives</td><td>129.4</td><td>73.7</td><td>-</td><td>14.8</td><td>23.1</td><td>8.7</td><td>7.5</td><td>1.2</td><td>.1</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Commodity Credit Corporation</td><td>1,065.3</td><td>304.0</td><td>-</td><td>1.0</td><td>-</td><td>-</td><td>-</td><td>62.9</td><td>6.3</td><td>10.0</td><td>-</td><td>651.1</td></tr><tr><td>Disaster Loan Corporation</td><td>22.6</td><td>18.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3.6</td><td>-</td><td>-</td><td>-</td><td>.2</td></tr><tr><td>Electric Home and Farm Authority</td><td>16.7</td><td>16.2</td><td>-</td><td>.4</td><td>-</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>184.3</td><td>114.1</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>69.9</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration</td><td>287.1</td><td>262.9</td><td>-</td><td>19.9</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>4.2</td></tr><tr><td>Farm Security Administration</td><td>510.5</td><td>447.5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29.4</td><td>.7</td><td>32.9</td><td>-</td><td>-</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>18.7</td><td>-</td><td>-</td><td>7.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10.8</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>554.7</td><td>54.5</td><td>-</td><td>13.6</td><td>418.6</td><td>-</td><td>-</td><td>39.6</td><td>-</td><td>-</td><td>-</td><td>28.4</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,471.5</td><td>633.6</td><td>-</td><td>14.8</td><td>-</td><td>-</td><td>761.7</td><td>45.5</td><td>-</td><td>4.5</td><td>-</td><td>11.4</td></tr><tr><td>Federal home loan banks</td><td>288.2</td><td>145.3</td><td>-</td><td>85.3</td><td>44.2</td><td>12.4</td><td>-</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration</td><td>84.5</td><td>-</td><td>-</td><td>13.7</td><td>32.3</td><td>-</td><td>-</td><td>26.9</td><td>1.2</td><td>-</td><td>-</td><td>10.4</td></tr><tr><td>Federal intermediate credit banks</td><td>313.5</td><td>246.7</td><td>-</td><td>17.3</td><td>36.0</td><td>-</td><td>-</td><td>2.2</td><td>-</td><td>11.2</td><td>-</td><td>.1</td></tr><tr><td>Federal land banks 4/</td><td>2,235.7</td><td>1,824.0</td><td>-</td><td>47.9</td><td>97.4</td><td>-</td><td>3.1</td><td>169.1</td><td>5.7</td><td>9.3</td><td>-</td><td>79.2</td></tr><tr><td>Federal National Mortgage Association</td><td>198.5</td><td>192.3</td><td>-</td><td>-</td><td>-</td><td>.7</td><td>-</td><td>4.2</td><td>-</td><td>-</td><td>-</td><td>1.3</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>10.0</td><td>-</td><td>-</td><td>3.6</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>4.0</td><td>-</td><td>-</td><td>1.2</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>130.6</td><td>-</td><td>-</td><td>.7</td><td>25.0</td><td>103.0</td><td>-</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,594.0</td><td>1,885.1</td><td>182.9</td><td>91.1</td><td>-</td><td>-</td><td>-</td><td>5.9</td><td>2.5</td><td>-</td><td>100.0</td><td>326.2</td></tr><tr><td>Inland Waterways Corporation 5/</td><td>25.0</td><td>.4</td><td>-</td><td>.7</td><td>4.1</td><td>-</td><td>-</td><td>.4</td><td>19.3</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Interior Department (Indian loans)</td><td>2.8</td><td>2.8</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 corporations 6/</td><td>230.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>13.7</td><td>-</td><td>-</td><td>-</td><td>216.3</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>-</td><td>.2</td></tr><tr><td>Production credit corporations</td><td>111.0</td><td>-</td><td>-</td><td>5.0</td><td>42.3</td><td>-</td><td>63.3</td><td>.3</td><td>.1</td><td>-</td><td>-</td><td>.4</td></tr><tr><td>Public Works Administration</td><td>95.4</td><td>95.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Puerto Rico 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><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>2,667.8</td><td>1,070.2</td><td>432.3</td><td>63.0</td><td>50.7</td><td>-</td><td>8.3</td><td>23.8</td><td>.4</td><td>620.4</td><td>351.7</td><td>47.0</td></tr><tr><td>Regional agricultural credit corporations</td><td>22.3</td><td>6.4</td><td>-</td><td>15.5</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>74.1</td><td>70.4</td><td>-</td><td>-</td><td>-</td><td>.5</td><td>-</td><td>2.4</td><td>-</td><td>-</td><td>-</td><td>.8</td></tr><tr><td>Rural Electrification Administration</td><td>298.9</td><td>281.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5.2</td><td>-</td><td>12.4</td><td>-</td><td>-</td></tr><tr><td>Tennessee Valley Authority</td><td>401.0</td><td>-</td><td>-</td><td>14.7</td><td>-</td><td>-</td><td>-</td><td>6.7</td><td>378.6</td><td>1.0</td><td>-</td><td>-</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc. 5/</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><td>-</td></tr><tr><td>United States Housing Authority</td><td>445.4</td><td>288.0</td><td>-</td><td>21.1</td><td>6.2</td><td>-</td><td>-</td><td>2.6</td><td>127.5</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>403.0</td><td>33.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44.5</td><td>20.4</td><td>37.7</td><td>14.6</td><td>-</td><td>252.8</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Savy Department (sale of surplus war supplies)</td><td>4.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>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>-</td><td>-</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>.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Governmental agencies 5/</td><td>351.6</td><td>27.3</td><td>23.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>273.0</td><td>-</td><td>27.6</td></tr><tr><td>Gross total</td><td>15,312.5</td><td>8,098.2</td><td>640.1</td><td>463.9</td><td>780.1</td><td>125.2</td><td>888.8</td><td>549.2</td><td>624.0</td><td>991.5</td><td>451.7</td><td>1,699.8</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-1,443.2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-991.5</td><td>-451.7</td><td>-</td></tr><tr><td>Net total</td><td>13,869.3</td><td>8,098.2</td><td>640.1</td><td>463.9</td><td>780.1</td><td>125.2</td><td>888.8</td><td>549.2</td><td>624.0</td><td>0</td><td>0</td><td>1,699.8</td></tr></table>
(Continued on next page)
38
Assets and Liabilities of Governmental Corporations and Credit Agencies
May 31, 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 Owned by United States</th></tr><tr><th></th><th>Total</th><th>Guaranteed by United States 9/</th><th>Not guaranteed by United States</th><th>Due to Governmental corporations and agencies</th><th>Privately owned</th><th>Total</th><th>Capital stock</th><th>Surplus</th><th>Non-stock</th></tr><tr><td>Banks for cooperatives</td><td>13.8</td><td>-</td><td>.2</td><td>11.2</td><td>2.4</td><td>115.6</td><td>4.6</td><td>111.0</td><td>91.5</td><td>19.5</td></tr><tr><td>Commodity Credit Corporation</td><td>965.0</td><td>696.9</td><td>25.4</td><td>140.1</td><td>102.6</td><td>100.3</td><td>-</td><td>100.3</td><td>100.0</td><td>.3</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>15.5</td><td>-</td><td>15.2</td><td>-</td><td>.3</td><td>1.2</td><td>-</td><td>1.2</td><td>.9</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>184.1</td><td>-</td><td>184.1</td><td>175.0</td><td>9.1</td></tr><tr><td>Farm Credit Administration</td><td>220.8</td><td>-</td><td>.4</td><td>-</td><td>220.4</td><td>66.3</td><td>-</td><td>66.3</td><td>-</td><td>66.3</td></tr><tr><td>Farm Security Administration</td><td>125.8</td><td>-</td><td>28.1</td><td>97.7</td><td>-</td><td>384.7</td><td>-</td><td>384.7</td><td>-</td><td>384.7</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>4.7</td><td>-</td><td>.5</td><td>-</td><td>4.2</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>5.3</td><td>-</td><td>260.1</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>1,371.5</td><td>1,276.6</td><td>50.0</td><td>1.8</td><td>43.1</td><td>100.0</td><td>-</td><td>100.0</td><td>100.0</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>104.8</td><td>-</td><td>104.8</td><td>-</td><td>-</td><td>183.4</td><td>58.7</td><td>124.7</td><td>124.7</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>20.9</td><td>17.3</td><td>3.5</td><td>-</td><td>.1</td><td>63.6</td><td>-</td><td>63.6</td><td>-</td><td>63.6</td></tr><tr><td>Federal intermediate credit banks</td><td>229.1</td><td>-</td><td>228.3</td><td>-</td><td>.8</td><td>84.4</td><td>-</td><td>84.4</td><td>60.0</td><td>24.4</td></tr><tr><td>Federal land banks 1/</td><td>1,801.8</td><td>-</td><td>1,767.7</td><td>.7</td><td>33.4</td><td>433.9</td><td>220.7</td><td>213.2</td><td>67.5</td><td>145.7</td></tr><tr><td>Federal National Mortgage Association</td><td>179.9</td><td>-</td><td>89.5</td><td>90.4</td><td>-</td><td>18.6</td><td>-</td><td>18.6</td><td>10.0</td><td>8.6</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>.3</td><td>-</td><td>.3</td><td>-</td><td>-</td><td>9.7</td><td>-</td><td>9.7</td><td>-</td><td>5.6</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>129.0</td><td>-</td><td>129.0</td><td>100.0</td><td>29.0</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,485.9</td><td>2,438.2</td><td>20.4</td><td>-</td><td>27.3</td><td>108.2</td><td>-</td><td>108.2</td><td>200.0</td><td>-91.8</td></tr><tr><td>Inland Waterway Corporation 5/</td><td>1.1</td><td>-</td><td>.8</td><td>-</td><td>.3</td><td>23.9</td><td>-</td><td>23.9</td><td>12.0</td><td>11.9</td></tr><tr><td>Interior Department (Indian loans)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2.8</td><td>-</td><td>2.8</td><td>-</td><td>2.8</td></tr><tr><td>National defense corporations 6/</td><td>205.5</td><td>-</td><td>2.7</td><td>202.8</td><td>-</td><td>24.5</td><td>-</td><td>24.5</td><td>27.0</td><td>-2.5</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>.7</td><td>-</td><td>.4</td><td>-</td><td>.3</td><td>110.3</td><td>-</td><td>110.3</td><td>105.0</td><td>5.3</td></tr><tr><td>Public Works Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>95.4</td><td>-</td><td>95.4</td><td>-</td><td>95.4</td></tr><tr><td>Puerto Rico 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>2,135.9</td><td>1,745.2</td><td>220.3 1/</td><td>45.4</td><td>125.0</td><td>531.9</td><td>-</td><td>531.9</td><td>325.0</td><td>206.9 1/</td></tr><tr><td>Regional agricultural credit corporations</td><td>1.5</td><td>-</td><td>.1</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>48.8</td><td>-</td><td>1.6</td><td>47.2</td><td>-</td><td>25.3</td><td>-</td><td>25.3</td><td>25.0</td><td>.3</td></tr><tr><td>Rural Electrification Administration</td><td>182.1</td><td>-</td><td>1.6</td><td>182.1</td><td>-</td><td>116.8</td><td>-</td><td>116.8</td><td>-</td><td>116.8</td></tr><tr><td>Tennessee Valley Authority</td><td>75.2</td><td>-</td><td>15.0</td><td>57.2</td><td>3.0</td><td>325.8</td><td>-</td><td>325.8</td><td>-</td><td>325.8</td></tr><tr><td>Tennessee Valley Associated Cooperative, Inc. 5/</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>307.8</td><td>226.7</td><td>.6</td><td>75.1</td><td>5.4</td><td>137.6</td><td>-</td><td>137.6</td><td>1.0</td><td>136.6</td></tr><tr><td>United States Maritime Commission</td><td>242.4</td><td>-</td><td>209.8</td><td>-</td><td>32.6</td><td>160.6</td><td>-</td><td>160.6</td><td>-</td><td>160.6</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>Navy Department (sale of surplus war supplies)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.4</td><td>-</td><td>4.4</td><td>-</td><td>4.4</td></tr><tr><td>Secretary of the Treasury (U. S. Railroad Administration)</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.1</td><td>-</td><td>1.1</td><td>-</td><td>1.1</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>-32.3</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 Governmental agencies 8/</td><td>39.2</td><td>-</td><td>-</td><td>39.2</td><td>-</td><td>312.4</td><td>-</td><td>312.4</td><td>23.7</td><td>-</td></tr><tr><td>Gross total</td><td>11,049.8</td><td>6,401.0</td><td>2,794.6</td><td>991.5</td><td>862.7</td><td>4,262.7</td><td>423.3</td><td>3,839.4</td><td>1,782.3</td><td>536.5</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-991.5</td><td>-</td><td>-991.5</td><td>-</td><td>-451.7</td><td>-</td><td>-451.7</td><td>-450.7</td><td>-1.0</td><td>-</td></tr><tr><td>Net total</td><td>10,058.3</td><td>6,401.0</td><td>2,794.6</td><td>0</td><td>862.7</td><td>3,811.0</td><td>423.3</td><td>3,387.7</td><td>1,331.6</td><td>535.5</td></tr></table>
Source: Daily Treasury Statement.
* Less than $50,000.
1/ Excludes unexpended balances of appropriated funds.
2/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
3/ Includes paid-in surplus.
4/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Houston which have retired stock and paid-in surplus previously held by the Federal Government.
5/ Figures are as of March 31, 1941 for Panama Railroad Company and as of April 30, 1941 for Inland Waterways Corporation and for Tennessee Valley Associated Cooperatives, Inc.
6/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
7/ Adjusted for interagency items in transit.
8/ Comprises Treasury Department and other Governmental agencies not included in this statement.
9/ Obligations held by the Secretary of the Treasury are classified under "Due to Governmental corporations and agencies".
39
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 11 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives.</td><td>$-30,000,000 2/</td><td>$ 5,691,958</td><td>-</td><td>-</td><td>$ 271,300</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>2,015,215</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>-100,000,000 2/</td><td>-</td><td>-</td><td>45,900,000</td><td>-</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>-</td><td>-</td><td>30,485,550</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>26,480,999</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>National defense corporations 3/.</td><td>-</td><td>201,668,242</td><td>-</td><td>-</td><td>27,000,000</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>12,235,962</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>19,993,404</td><td>47,235,236</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>4,726,003</td><td>-</td><td>75,000,000</td><td>112,099,000</td><td>-</td></tr><tr><td>Total.</td><td>$-280,280,593</td><td>$293,312,397</td><td>$183,000,000</td><td>$1,124,949,765</td><td>$127,271,300</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>-</td><td>$ 47,916,043</td><td>$ 899,884</td><td>$ 1,959,715</td><td>$ 26,738,900</td></tr><tr><td>Commodity Credit Corporation</td><td>$ 31,836,934</td><td>114,210,657</td><td>3,079,940</td><td>23,611,777</td><td>577,197,308</td></tr><tr><td>Disaster Loan Corporation</td><td>66,507</td><td>4,284,847</td><td>763,319</td><td>22,069</td><td>5,136,742</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>8,392,127</td><td>1,052,140</td><td>61,457</td><td>11,520,939</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>14,324,333</td><td>3,270,002</td><td>-</td><td>117,594,335</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>-</td><td>25,761,022</td><td>58,952,521</td><td>364,165</td><td>85,077,708</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>4,722,086</td><td>63,412,241</td><td>58,196,547</td><td>571,697</td><td>72,802,571</td></tr><tr><td>Federal home loan banks</td><td>-</td><td>125,683,444</td><td>4,735,926</td><td>-</td><td>160,904,920</td></tr><tr><td>Federal National Mortgage Association</td><td>286,488</td><td>12,572,972</td><td>7,801,138</td><td>480,970</td><td>47,622,567</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>6,297,585</td><td>1,627</td><td>6,299,212</td></tr><tr><td>Home Owners' Loan Corporation</td><td>44,199,773</td><td>163,572,298</td><td>105,748,631</td><td>7,019,545</td><td>320,540,247</td></tr><tr><td>National defense corporations</td><td>27,578,777</td><td>-</td><td>53,631</td><td>9,542</td><td>256,310,192</td></tr><tr><td>Reconstruction Finance Corporation</td><td>4,437,257</td><td>374,585,788</td><td>51,975,593</td><td>19,906,709</td><td>914,197,347</td></tr><tr><td>RFC Mortgage Company</td><td>180,535</td><td>14,158,050</td><td>2,588,583</td><td>408,773</td><td>29,572,003</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>4,985,328</td><td>3,193,103</td><td>5,828</td><td>75,412,899</td></tr><tr><td>United States Housing Authority</td><td>166,303</td><td>346,409,093</td><td>7,419,613</td><td>-</td><td>545,820,012</td></tr><tr><td>Total</td><td>$113,474,660</td><td>$1,320,568,243</td><td>$316,028,256</td><td>$54,423,874</td><td>$3,252,747,902</td></tr></table>
1/ Reports received from the corporations and agencies.
2/ Represents repayment of portion of amount invested in capital stock by the United States.
3/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metale Reserve Company, and Rubber Reserve Company.
4/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
04
Uses of Funds of Certain Governmental Corporations and Credit Agencies
for the First 11 Months, Fiscal Year 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 129,610</td><td>-</td><td>-</td><td>$ 56,270,524</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>2,645,350</td><td>-</td><td>$ 83,188,816</td><td>430,921,097</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>674,465</td><td>$42,123</td><td>-</td><td>1,598,368</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>447,381</td><td>291,423</td><td>10,564,297</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>93,521</td><td>3,309</td><td>-</td><td>76,601,128</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>3,379,913</td><td>-</td><td>-</td><td>11,542,348</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>7,974,519</td><td>1,108,871</td><td>2,992,401</td><td>34,427,866</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>1,050,110</td><td>-</td><td>-</td><td>113,559,021</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>974,810</td><td>1,097,154</td><td>-</td><td>42,899,030</td><td>-</td></tr><tr><td>Federal Savings and Loan insurance Corporation</td><td>216,390</td><td>6,525</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>18,332,509</td><td>24,315,252</td><td>11,713,471</td><td>17,660,132</td><td>$214,141,625</td></tr><tr><td>National defense corporations 2/</td><td>82,358</td><td>2,351,294</td><td>243,244,128</td><td>30,000</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>7,857,648</td><td>667,476</td><td>-</td><td>352,793,747</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>708,851</td><td>1,801,489</td><td>440,422</td><td>25,217,343</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>2,974,355</td><td>-</td><td>-</td><td>66,647,923</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>4,576,592</td><td>884,502</td><td>85,569</td><td>548,123,740</td><td>-</td></tr><tr><td>Total</td><td>$52,118,382</td><td>$32,569,518</td><td>$352,229,104</td><td>$1,781,292,267</td><td>$214,141,625</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, use of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$-30,149,289</td><td>-</td><td>$59,845</td><td>$1,464</td><td>$26,312,154</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$53,797,873</td><td>$4,652,865</td><td>$2,207,322</td><td>$577,413,323</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>$2,820,514</td><td>-</td><td>$1,272</td><td>$5,136,742</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>$175,798</td><td>$7,151</td><td>$11,486,050</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>$41,400,000</td><td>$100,000</td><td>$50,000</td><td>$118,247,958</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>$71,615,961</td><td>-</td><td>-</td><td>$155,168</td><td>$89,693,390</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-$195,000</td><td>-</td><td>$38,090,988</td><td>$3,008,863</td><td>$87,408,508</td></tr><tr><td>Federal home loan banks</td><td>$1,734,005</td><td>-</td><td>$2,688,929</td><td>$4,016,210</td><td>$123,048,275</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>$2,582,713</td><td>$68,860</td><td>$47,622,567</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>$5,319,047</td><td>-</td><td>-</td><td>$714,798 2/</td><td>$6,256,860</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-$23,767,925</td><td>-</td><td>$49,506,347</td><td>-</td><td>$311,901,411</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>$10,379,518</td><td>-</td><td>$222,894</td><td>$256,310,192</td></tr><tr><td>Reconstruction Finance Corporation</td><td>$241,741,000</td><td>$244,060,820</td><td>$11,397,762</td><td>-</td><td>$853,518,453</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>$1,404,271</td><td>-</td><td>$29,572,376</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>$698,890</td><td>$7,573</td><td>$70,328,741</td></tr><tr><td>United States Housing Authority</td><td>$2,270,000</td><td>-</td><td>$1,924,319</td><td>$4,633,296</td><td>$562,498,018</td></tr><tr><td>Total</td><td>$268,567,799</td><td>$352,458,725</td><td>$113,282,727</td><td>$15,094,871</td><td>$3,181,755,018</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Depayment of loans" in the statement of sources of funds.
2/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
41
Sources of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through May 31, 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 20,000,000</td><td>$ 7,087,780</td><td>-</td><td>-</td><td>$ 790,600</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>13,173,750</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>100,000,000 3/</td><td>-</td><td>-</td><td>1,315,287,900</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>86,468,732</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>National defense corporations 6/</td><td>-</td><td>201,668,242</td><td>-</td><td>-</td><td>27,000,000</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>45,220,192</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration</td><td>128,497,464</td><td>175,496,721</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>37,394,572</td><td>-</td><td>75,000,000</td><td>226,256,000</td><td>-</td></tr><tr><td>Total</td><td>$1,257,020,628</td><td>$515,941,667</td><td>$215,000,000</td><td>$7,267,512,200</td><td>$601,831,157</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 238,301,919</td><td>$ 10,612,365</td><td>$ 4,301,021</td><td>$ 281,093,685</td></tr><tr><td>Commodity Credit Corporation.</td><td>$ 61,936,879</td><td>779,211,398</td><td>12,465,149</td><td>25,618,224</td><td>1,991,612,242</td></tr><tr><td>Disaster Loan Corporation.</td><td>105,988</td><td>8,572,105</td><td>1,349,742</td><td>87,074</td><td>34,114,909</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>23,437,133</td><td>3,635,828</td><td>302,360</td><td>41,549,071</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>50,182,764</td><td>9,600,373</td><td>707,120</td><td>235,490,257</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>71,757,579</td><td>298,715,165</td><td>4,310,620</td><td>664,082,921</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>13,888,910</td><td>309,796,905</td><td>428,014,891</td><td>9,750,026</td><td>2,176,738,632</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>599,319,689</td><td>39,738,515</td><td>77,095,722 3/</td><td>916,394,926</td></tr><tr><td>Federal National Mortgage Association.</td><td>298,177</td><td>27,787,678</td><td>14,547,570</td><td>3,689,241</td><td>233,031,198</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>35,458,706</td><td>121,976</td><td>135,580,682</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>131,836,527</td><td>940,370,245</td><td>86,782,358</td><td>20,224,700</td><td>5,276,767,780</td></tr><tr><td>Entional defense corporations 6/.</td><td>27,578,777</td><td>-</td><td>53,531</td><td>9,542</td><td>256,310,192</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>23,064,610</td><td>5,360,290,404</td><td>605,612,639</td><td>87,748,654</td><td>8,143,065,307</td></tr><tr><td>EFC Mortgage Company.</td><td>572,056</td><td>111,668,316</td><td>12,105,056</td><td>3,187,361</td><td>197,752,981</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>6,633,604</td><td>9,226,590</td><td>6,355</td><td>319,860,734</td></tr><tr><td>United States Housing Authority.</td><td>951,401</td><td>524,579,154</td><td>19,781,312</td><td>177,523</td><td>834,139,962</td></tr><tr><td>Total.</td><td>$260,233,725</td><td>$9,051,908,893</td><td>$2,380,199,890</td><td>$237,937,519</td><td>$21,787,585,679</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only cases in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes $3,000,000 N.I.R.A.; $97,000,000 R.F.C. included in notes canceled by the Treasury (See footnote 3); and $170,128,591.77 restoration of Capital Impairment, which is not a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 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.
6/ Comprises Defense Bonds Corporation, Defense Plant Corporations, Defense Supplies Corporation, Metele Reserve Company, and Rubber Reserve Company.
7/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
8/ Includes $46,118,025 paid-in capital stock held by member institutions.
42
Uses of Funds of Certain Governmental Corporations and Credit Agencies from Inception of Organization through May 31, 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgagee 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 863,469</td><td>-</td><td>-</td><td>$ 260,601,951</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>7,187,367</td><td>-</td><td>$133,637,661</td><td>1,741,024,997</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>2,885,205</td><td>$ 135,826</td><td>-</td><td>27,621,577</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>1,889,902</td><td>864,362</td><td>37,823,082</td><td>-</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>468,138</td><td>6,147</td><td>-</td><td>164,281,630</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>23,336,437</td><td>-</td><td>-</td><td>168,070,525</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>70,363,207</td><td>4,530,277</td><td>13,176,212</td><td>1,027,511,197</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>9,482,644</td><td>-</td><td>-</td><td>744,592,313</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>2,517,282</td><td>2,487,191</td><td>-</td><td>222,151,072</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,239,691</td><td>24,343</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>216,163,287</td><td>117,598,044</td><td>136,199,904</td><td>3,260,932,577</td><td>$693,786,275</td></tr><tr><td>National defense corporations 2/</td><td>82,358</td><td>2,351,294</td><td>243,244,128</td><td>30,000</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>81,939,756</td><td>7,179,863</td><td>-</td><td>6,952,986,764</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>4,271,968</td><td>5,002,418</td><td>440,422</td><td>182,892,142</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>11,252,035</td><td>-</td><td>-</td><td>287,935,210</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>14,738,522</td><td>5,159,861</td><td>26,208,834</td><td>803,463,004</td><td>-</td></tr><tr><td>Total</td><td>$448,681,268</td><td>$145,339,626</td><td>$590,730,243</td><td>$15,844,094,959</td><td>$693,786,275</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 3/</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, uses of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 8,704,171</td><td>-</td><td>$ 532,665</td><td>$ 3,177,859</td><td>$ 273,880,115</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ 64,623,358</td><td>23,984,423</td><td>20,117,903</td><td>1,990,575,709</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>3,469,970</td><td>-</td><td>1,331</td><td>34,113,909</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>381,302</td><td>193,970</td><td>41,152,618</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>67,550,000</td><td>2,362,329</td><td>593,801</td><td>235,262,045</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>420,153,797</td><td>-</td><td>-</td><td>39,007,984</td><td>650,568,743</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>761,729,840</td><td>-</td><td>268,906,220</td><td>17,125,650</td><td>2,163,342,603</td></tr><tr><td>Federal home loan banks</td><td>56,590,109</td><td>-</td><td>20,531,236</td><td>232,392</td><td>831,428,694</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>5,735,581</td><td>140,272</td><td>233,031,398</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>128,188,158</td><td>-</td><td>3,035,326</td><td>2,436,452</td><td>134,923,970</td></tr><tr><td>Home Owners' Loan Corporation</td><td>282,856,360</td><td>-</td><td>471,409,179</td><td>6,674,691</td><td>5,185,620,317</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>10,379,518</td><td>-</td><td>222,894</td><td>256,310,192</td></tr><tr><td>Reconstruction Finance Corporation</td><td>351,741,000</td><td>431,325,714</td><td>243,732,395</td><td>14,145,082</td><td>8,083,050,574</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>5,139,578</td><td>5,675</td><td>197,752,203</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>2,462,563</td><td>371,527</td><td>302,021,335</td></tr><tr><td>United States Housing Authority</td><td>6,070,000</td><td>-</td><td>3,647,228</td><td>4,694,153</td><td>863,981,602</td></tr><tr><td>Total</td><td>$2,016,033,435</td><td>$577,348,560</td><td>$1,051,860,025</td><td>$109,141,636</td><td>$21,477,016,027</td></tr></table>
Source: Reports received from the corporations and agencies. Date on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Comprises Defense Homee Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metale Reserve Company, and Rubber Reserve Company.
3/ Includes U. S. Government bonds in the amount of $368,527,604 as follows: Federal Deposit Insurance Corporation, $312,663,656; Federal Savings and Loan Insurance Corporation, $15,164,500; U. S. Housing Authority, $6,070,000; Federal home loan banks, $34,629,448.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
43
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>111.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.8</td><td>-</td></tr><tr><td>1936</td><td>4,718.0</td><td>-</td><td>1,422.2</td><td>-</td><td>3,044.2</td><td>251.6</td><td>-</td></tr><tr><td>1937</td><td>4,664.6</td><td>-</td><td>1,422.2</td><td>.1</td><td>2,987.1</td><td>255.2</td><td>-</td></tr><tr><td>1938</td><td>4,852.7</td><td>206.2</td><td>1,409.8</td><td>.6</td><td>2,937.2</td><td>298.9</td><td>-</td></tr><tr><td>1939</td><td>5,450.0</td><td>206.2</td><td>1,379.4</td><td>2.6</td><td>2,927.9</td><td>819.7</td><td>114.2</td></tr><tr><td>1940</td><td>5,497.6</td><td>406.8</td><td>1,269.4</td><td>7.5</td><td>2,603.3</td><td>1,096.4</td><td>114.2</td></tr><tr><td>1941</td><td>6,359.6</td><td>696.2</td><td>1,269.4</td><td>17.4</td><td>2,408.9</td><td>1,741.4</td><td>226.3</td></tr><tr><td>1940-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>5,900.2</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><tr><td>June</td><td>6,359.6</td><td>696.2</td><td>1,269.4</td><td>17.4</td><td>2,408.9</td><td>1,741.4</td><td>226.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscription tendered</th><th>For cash</th><th colspan="3">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></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 colspan="2"></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></td><td>July 21, 1941</td><td>1-1/8</td><td>3 yrs. 7 mos.</td><td>Feb. 15, 1945</td><td>-</td><td>412</td><td>5,157</td><td>211</td><td>-</td><td>201</td><td>Aug. 1, 1939</td><td>5/8</td><td>Aug. 1, 1941</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>July 25, 1934 1/ (Add. 5/15/34) 2/ Sept. 3, 1935 1/</td><td>3</td><td>10-15 yrs.</td><td>May 15, 1944 May 15, 1949 Sept. 1, 1939</td><td>100 85</td><td>-</td><td>195 86</td><td>100 85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rose Owners' Loan Corporation</td><td>Aug. 15, 1934 1/ Aug. 15, 1934 1/ Aug. 15, 1934 1/ June 1, 1935 May 15, 1939 May 15, 1939 June 1, 1939</td><td>1-1/2 1-3/4 2 1-1/2 3/8 5/8 1-1/2</td><td>2 yrs. 3 yrs. 4 yrs. 4 yrs. 1 yr. 2 yrs. 6-8 yrs.</td><td>Aug. 15, 1936 Aug. 15, 1937 Aug. 15, 1938 June 1, 1939 May 15, 1940 May 15, 1941 June 1, 1945 June 1, 1947</td><td>50 50 50 325 1/ 128 192 764 1/</td><td>- - - - - - -</td><td>124 48 60 - - - -</td><td>50 50 50 - - - -</td><td>- - - - - - -</td><td>- - - 245 128 192 687</td><td>July 1, 1933 July 1, 1935 June 1, 1935 June 1, 1935 Aug. 1, 1934</td><td>4 1-1/2 1-1/2 2-3/4</td><td>July 1, 1935 June 1, 1939 June 1, 1939 Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.</td><td>July 20, 1938 Nov. 1, 1938 Feb. 15, 1939 Nov. 10, 1939 Apr. 17, 1941 Apr. 17, 1941 July 3, 1941</td><td>7/8 7/8 7/8 1 7/8 1-1/8 1</td><td>3 yrs. 3 yrs. 2 yrs. 11 mos. 2 yrs. 7 mos. 18 mos. 2 yrs. 3 mos. 2 yrs. 93/4 mos.</td><td>July 20, 1941 Nov. 1, 1941 Jan. 15, 1942 July 1, 1942 Oct. 15, 1942 July 15, 1943 Apr. 15, 1944</td><td>- - - - - - -</td><td>211 297 310 276 320 324 571</td><td>2,627 - 2,557 3,619 2,647 3,561 5,065</td><td>211 - 310 276 320 324 363</td><td>- - - - - - -</td><td>- - - - - - -</td><td>297 5/ Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td>U. S. Housing Authority</td><td>Feb. 1, 1939 Nov. 1, 1940</td><td>1-3/8 1/4</td><td>5 yrs. 1 yr.</td><td>Feb. 1, 1944 Nov. 1, 1941</td><td>-</td><td>114 112</td><td>2,774 1,860</td><td>114 112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1/ Sold on a bid basis.
2/ Original issue sold by agency.
3/ Original issue of $245,254,750 increased by sales on the market of $80,000,000, proceeds of which were used to retire the called bonds.
4/ Original issue of $687,266,800 increased by sales on the market of $76,350,000, proceeds of which were used to retire the called bonds.
5/ In view of the fact that the new 7/8% notes offered for sale were limited to the amount of 1-1/2% notes maturing December 15, 1938, tendered for purchase, this transaction was in effect an exchange offering and is so shown in this statement.
44
Maturity Schedule of Securities Guaranteed by the United States
As of June 30, 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<br>7/8% RFC Notes M - 7/20/41......<br>5/8% CCC Notes D - 8/1/41......<br>7/8% HFC Notes P - 11/1/41......<br>1/4% USHA Notes B - 11/1/41......<br>1% CCC Notes E - 11/15/41......</td><td>211<br>203<br>300<br>112<br>204</td><td></td><td>1,030</td><td>1941<br>7/8% RFC Notes M - 7/20/41......<br>5/8% CCC Notes D - 8/1/41......<br>7/8% HFC Notes P - 11/1/41......<br>1/4% USHA Notes B - 11/1/41......<br>1% CCC Notes E - 11/15/41......</td><td>211<br>203<br>300<br>112<br>204</td><td></td><td>1,030</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<br>7/8% RFC Notes B - 1/15/42......<br>3% FTMC Bonds - 1/15/42-47..<br>2-3/4% FTMC Bonds - 3/1/42-47..<br>1% RFC Notes S - 7/1/42......<br>2-1/4% HOLC Bonds O - 7/1/42-44..<br>7/8% RFC Notes U - 10/15/42......</td><td>310<br>276<br>320</td><td>236<br>103<br>875</td><td>3,150</td><td>1942<br>7/8% RFC Notes B - 1/15/42......<br>1% RFC Notes S - 7/1/42......<br>7/8% RFC Notes U - 10/15/42......</td><td>310<br>276<br>320</td><td></td><td>1,936</td></tr><tr><td>Total......</td><td>906</td><td>1,214</td><td>3,150</td><td>Total......</td><td>906</td><td>-</td><td>1,936</td></tr><tr><td>1943<br>3/4% CCC Notes F - 5/1/43......<br>1-1/8% RFC Notes V - 7/15/43......</td><td>289<br>324</td><td></td><td>613</td><td>1943<br>3/4% CCC Notes F - 5/1/43......<br>1-1/8% RFC Notes V - 7/15/43......</td><td>289<br>324</td><td></td><td>613</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<br>1-3/8% USHA Notes B - 2/1/44......<br>3-1/4% FTMC Bonds - 3/15/44-64..<br>3% HOLC Bonds A - 5/1/44-52..<br>3% FTMC Bonds - 5/15/44-49..</td><td>114<br>95<br>779<br>835</td><td></td><td>1,709</td><td>1944<br>1-3/8% USHA Notes B - 2/1/44......<br>2-1/4% HOLC Bonds O - 7/1/42-44..</td><td>114</td><td>875</td><td>3,538</td></tr><tr><td>Total......</td><td>114</td><td>1,709</td><td>5,586</td><td>Total......</td><td>114</td><td>875</td><td>3,538</td></tr><tr><td>1945<br>1-1/2% HOLC Bonds M - 6/1/45-47..</td><td></td><td>755</td><td>6,341</td><td>1945</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>6,341</td><td>1946</td><td>-</td><td>-</td><td>3,538</td></tr><tr><td>1947<br>3% FTMC Bonds - 1/15/42-47..<br>2-3/4% FTMC Bonds - 3/1/42-47..<br>1-1/2% HOLC Bonds M - 6/1/45-47..</td><td>-</td><td>-</td><td>6,341</td><td>1947</td><td>236<br>103<br>755</td><td>1,094</td><td>4,632</td></tr><tr><td>Total......</td><td>-</td><td>-</td><td>6,341</td><td>Total......</td><td>-</td><td>1,094</td><td>4,632</td></tr><tr><td>1948</td><td>-</td><td>-</td><td>6,341</td><td>1948</td><td>-</td><td>-</td><td>4,632</td></tr><tr><td>1949<br>3% FTMC Bonds - 5/15/44-49..</td><td>-</td><td>-</td><td>6,341</td><td>1949</td><td>835</td><td></td><td>5,467</td></tr><tr><td>Total......</td><td>-</td><td>-</td><td>6,341</td><td>Total......</td><td>-</td><td>835</td><td>5,467</td></tr><tr><td>1950-51</td><td>-</td><td>-</td><td>6,341</td><td>1950-51</td><td>-</td><td>-</td><td>5,467</td></tr><tr><td>1952<br>3% HOLC Bonds A - 5/1/44-52..</td><td>-</td><td>-</td><td>6,341</td><td>1952</td><td>779</td><td></td><td>6,246</td></tr><tr><td>Total......</td><td>-</td><td>-</td><td>6,341</td><td>Total......</td><td>-</td><td>779</td><td>6,246</td></tr><tr><td>1953-63</td><td>-</td><td>-</td><td>6,341</td><td>1953-63</td><td>-</td><td>-</td><td>6,246</td></tr><tr><td>1964<br>3-1/4% FTMC Bonds - 3/15/44-64..</td><td>-</td><td>-</td><td>6,341</td><td>1964</td><td>95</td><td></td><td>6,341</td></tr><tr><td>Total......</td><td>-</td><td>-</td><td>6,341</td><td>Total......</td><td>-</td><td>95</td><td>6,341</td></tr></table>
1/ Excludes (1) FHA dehentures; (2) securities issued on the credit of the United States.
2/ Because the figures in this table are rounded to the nearest million, totals will not necessarily agree with other published figures.
3/ Fixed-maturity issues are classified by year in which due.
4/ The abbreviations refer to the following corporations: Home Owners' Loan Corporation, Reconstruction Finance Corporation, Commodity Credit Corporation, Federal Farm Mortgage Corporation, and United States Housing Authority.
INTERNAL REVENUE STATISTICS
-45-
46
Summary of Internal Revenue Collections
(In thousands of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th rowspan="2">Total</th><th colspan="3">Income and profits taxes</th><th colspan="3">Employment taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation 1/</th><th>Total</th><th>Social Security taxes 2/ Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Carriers' Taxing Act of 1937</th></tr><tr><td>1929</td><td>2,939,054</td><td>2,331,274</td><td>1,095,541</td><td>1,235,733</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1930</td><td>3,040,146</td><td>2,410,259</td><td>1,146,845</td><td>1,263,414</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,648</td><td>1,026,393</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1932</td><td>1,557,729</td><td>1,056,757</td><td>427,191</td><td>629,566</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1933</td><td>1,619,839</td><td>746,791</td><td>352,574</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>2,672,239</td><td>819,656</td><td>419,509</td><td>400,147</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,299,436</td><td>1,105,791</td><td>527,113</td><td>578,678</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,520,208</td><td>1,427,448</td><td>674,416</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>1,119,597</td><td>740,429</td><td>529,335</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>1941</td><td>7,370,108</td><td>3,462,028</td><td>1,417,655</td><td>2,044,373</td><td>925,856</td><td>687,327</td><td>100,658</td><td>137,671</td></tr><tr><td>1940-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>482,184</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>5,672</td><td>29,140</td></tr><tr><td>December</td><td>654,095</td><td>428,305</td><td>160,364</td><td>257,941</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>12,604</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>1,889</td><td>1,877</td></tr><tr><td>May</td><td>541,110</td><td>135,055</td><td>21,195</td><td>113,850</td><td>137,414</td><td>105,884</td><td>6,148</td><td>25,182</td></tr><tr><td>June</td><td>1,111,456</td><td>847,263</td><td>311,899</td><td>535,364</td><td>12,597</td><td>3,158</td><td>806</td><td>8,533</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Miscellaneous internal revenue</th><th rowspan="2">Tax on unjust enrichment</th><th rowspan="2">Agricultural adjustment taxes</th></tr><tr><th>Total</th><th>Capital stock tax</th><th>Estate and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' excise taxes</th><th>Miscellaneous taxes</th></tr><tr><td>1929</td><td>607,780</td><td>-</td><td>61,897</td><td>12,777</td><td>474,445</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>43,078</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>108,134</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>415,874</td><td>567,979</td><td>568,182</td><td>46,233</td><td>416,754</td><td>131,704</td><td>6,217</td><td>-</td></tr><tr><td>1939</td><td>2,256,031</td><td>127,203</td><td>360,715</td><td>587,800</td><td>580,159</td><td>41,083</td><td>396,891</td><td>162,180</td><td>6,683</td><td>-</td></tr><tr><td>1940</td><td>2,377,322</td><td>132,739</td><td>360,071</td><td>624,253</td><td>608,518</td><td>38,681</td><td>447,088</td><td>165,972</td><td>8,536</td><td>-</td></tr><tr><td>1941</td><td>2,973,129</td><td>166,653</td><td>407,058</td><td>820,056</td><td>698,077</td><td>39,057</td><td>617,354</td><td>224,874</td><td>9,095</td><td>-</td></tr><tr><td>1940-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>2,282</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><tr><td>June</td><td>251,043</td><td>250</td><td>30,599</td><td>80,976</td><td>66,484</td><td>3,378</td><td>51,391</td><td>17,965</td><td>553</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 Viscon 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
EARLY
Fiscal Years 1929 to Date
ISCAL YEARS
By Principal Sources
MONTHLY
January 1940 to
1940
By Principal Source
47
48
Detailed Analysis of Current Internal Revenue Collections
(in thousands of dollars)
<table><tr><th rowspan="2">Sources of revenue</th><th colspan="2">Month of June</th><th colspan="2">Complete fiscal year</th><th rowspan="2">Sources of revenue</th><th colspan="2">Month of June</th><th colspan="2">Complete fiscal year</th></tr><tr><th>1940</th><th>1941</th><th>1940</th><th>1941</th><th>1940</th><th>1941</th><th>1940</th><th>1941</th></tr><tr><td>Income taxes:</td><td></td><td></td><td>47</td><td></td><td>Manufacturers' excise taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Corporation</td><td>243,802</td><td>442,586</td><td>958,261</td><td>1,649,027</td><td>Lubricating oils</td><td>2,925</td><td>4,010</td><td>31,233</td><td>38,221</td></tr><tr><td>Current</td><td>16,862</td><td>27,507</td><td>162,321</td><td>202,961</td><td>Gasoline</td><td>21,086</td><td>29,582</td><td>226,187</td><td>343,021</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Tiree and inner tubes</td><td>4,168</td><td>4,243</td><td>41,553</td><td>51,054</td></tr><tr><td>Individual</td><td>194,457</td><td>303,304</td><td>891,754</td><td>1,314,266</td><td>Automobile trucks</td><td>627</td><td>361</td><td>7,866</td><td>10,747</td></tr><tr><td>Current</td><td>6,743</td><td>8,595</td><td>90,263</td><td>103,389</td><td>Other automobiles and motorcycles</td><td>5,867</td><td>5,114</td><td>59,351</td><td>81,403</td></tr><tr><td>Back</td><td></td><td></td><td></td><td></td><td>Parts or accessories for automobiles</td><td>1,623</td><td>1,077</td><td>10,630</td><td>13,084</td></tr><tr><td>Excess profits</td><td></td><td></td><td></td><td></td><td>Electrical energy</td><td>4,060</td><td>3,351</td><td>42,338</td><td>47,021</td></tr><tr><td>Declared value excess</td><td>3,219</td><td>3,190</td><td>17,047</td><td>25,919</td><td>Radio sets, etc. (including tax on phonograph records repealed as of 7/1/38)</td><td>617</td><td>535</td><td>6,080</td><td>6,935</td></tr><tr><td>profits tax</td><td>310</td><td>274</td><td>1,427</td><td>2,157</td><td>Mechanical refrigerators</td><td>1,284</td><td>2,022</td><td>9,954</td><td>13,279</td></tr><tr><td>Profit limiting provisions of Vinson Act</td><td>-</td><td>61,807</td><td>-</td><td>164,309</td><td>Firearms, shells, and cartridges</td><td>414</td><td>589</td><td>3,708</td><td>5,536</td></tr><tr><td>Excess profits tax (Second Revenue Act of 1940)</td><td>465,403</td><td>847,263</td><td>2,121,073</td><td>3,462,028</td><td>Pistols and revolvers</td><td>18</td><td>6</td><td>90</td><td>85</td></tr><tr><td>Total income taxes</td><td>753</td><td>553</td><td>8,536</td><td>9,095</td><td>Toilet preparations, etc. (including repealed 5% tax)</td><td>1,139</td><td>494</td><td>7,758</td><td>6,683</td></tr><tr><td>Tax on unjust enrichment</td><td>479</td><td>250</td><td>132,739</td><td>166,653</td><td>Matches (including repealed taxes)</td><td>-</td><td>-</td><td>22</td><td>95</td></tr><tr><td>Miscellaneous internal revenue:</td><td>19,731</td><td>30,071</td><td>330,886</td><td>355,194</td><td>Repealed taxes not listed above</td><td>39</td><td>7</td><td>316</td><td>190</td></tr><tr><td>Capital stock tax</td><td>779</td><td>528</td><td>29,185</td><td>51,864</td><td>Total manufacturers' excise taxes</td><td>43,867</td><td>51,391</td><td>447,088</td><td>617,354</td></tr><tr><td>Estates tax</td><td></td><td></td><td>14</td><td></td><td>Miscellaneous taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Gift tax</td><td></td><td></td><td></td><td></td><td>Bituminous Coal Act of 1937</td><td>326</td><td>415</td><td>4,162</td><td>4,522</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td></td><td>Sugar Act of 1937</td><td>6,495</td><td>5,046</td><td>68,145</td><td>74,698</td></tr><tr><td>Distilled spirits</td><td>3,930</td><td>2,748</td><td>27,874</td><td>34,890</td><td>Telephone, telegraph, radio, and cable facilities, leased wires, etc.</td><td>2,635</td><td>2,197</td><td>26,368</td><td>27,331</td></tr><tr><td>(imported, excise)</td><td></td><td></td><td></td><td></td><td>Transportation of oil by pipe line</td><td>1,041</td><td>1,262</td><td>11,511</td><td>12,481</td></tr><tr><td>Distilled spirits</td><td>32,249</td><td>37,834</td><td>289,858</td><td>393,752</td><td>Lease of safe-deposit boxes</td><td>157</td><td>182</td><td>1,989</td><td>2,216</td></tr><tr><td>(domestic, excise)</td><td></td><td></td><td></td><td></td><td>Admission to theaters, concerts, cabarets, etc.</td><td>1,646</td><td>5,851</td><td>21,888</td><td>70,953</td></tr><tr><td>rectification tax</td><td>1,288</td><td>1,295</td><td>11,854</td><td>13,460</td><td>Club dues and initiation fees</td><td>606</td><td>682</td><td>6,335</td><td>6,583</td></tr><tr><td>Wines, cordials, etc.</td><td>113</td><td>19</td><td>650</td><td>378</td><td>Adulterated and processed or renovated butter, mixed flour and filled cheese</td><td>3</td><td>2</td><td>27</td><td>30</td></tr><tr><td>(imported, excise)</td><td></td><td></td><td></td><td></td><td>Oleomargarine, including special taxes</td><td>323</td><td>317</td><td>2,014</td><td>2,122</td></tr><tr><td>Wines, cordials, etc.</td><td>986</td><td>1,194</td><td>7,410</td><td>11,045</td><td>Narcotics, including marihuana and special taxes</td><td>216</td><td>221</td><td>610</td><td>690</td></tr><tr><td>(domestic, excise)</td><td></td><td></td><td></td><td></td><td>Coconut and other vegetable oils processed</td><td>1,865</td><td>1,744</td><td>22,744</td><td>23,185</td></tr><tr><td>Brandy used for fortifying</td><td>292</td><td>186</td><td>1,307</td><td>1,396</td><td>National Firearms Act</td><td>7</td><td>9</td><td>12</td><td>16</td></tr><tr><td>sweet wines</td><td></td><td></td><td></td><td></td><td>All other, including repealed taxes not listed above</td><td>6</td><td>7</td><td>167</td><td>36</td></tr><tr><td>Dealers in distilled</td><td></td><td></td><td></td><td></td><td>Total miscellaneous taxes</td><td>15,326</td><td>17,965</td><td>165,972</td><td>224,874</td></tr><tr><td>spirits; rectifiers; manufacturers of stills</td><td>1,610</td><td>1,953</td><td>6,287</td><td>7,972</td><td>Total miscellaneous internal revenues</td><td>214,840</td><td>251,043</td><td>2,377,322</td><td>2,973,129</td></tr><tr><td>(special taxes)</td><td></td><td></td><td></td><td></td><td>Employment taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Stamps for distilled</td><td>*</td><td>*</td><td>1</td><td>1</td><td>Social Security taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>spirits intended for export</td><td></td><td></td><td></td><td></td><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>2,673</td><td>3,158</td><td>605,350</td><td>687,327</td></tr><tr><td>Case stamps for distilled</td><td>104</td><td>104</td><td>1,089</td><td>1,039</td><td>Federal Unemployment Tax Act (Unemployment insurance)</td><td>681</td><td>806</td><td>106,123</td><td>100,658</td></tr><tr><td>spirits bottled in bond</td><td>1,068</td><td>914</td><td>10,135</td><td>10,123</td><td>Total Social Security taxes</td><td>3,354</td><td>3,964</td><td>711,473</td><td>787,985</td></tr><tr><td>Container stamps</td><td>-</td><td>29</td><td>12</td><td>25,304</td><td>Carriers' Taxing Act of 1937</td><td>12,749</td><td>8,533</td><td>122,048</td><td>137,871</td></tr><tr><td>Floor taxes</td><td>29,160</td><td>33,881</td><td>264,579</td><td>316,741</td><td>Total employment taxes</td><td>16,103</td><td>12,597</td><td>833,521</td><td>925,856</td></tr><tr><td>Fermented malt liquors</td><td>654</td><td>809</td><td>3,197</td><td>3,955</td><td>Total internal revenue</td><td>697,099</td><td>1,111,456</td><td>5,340,452</td><td>7,370,108</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>71,454</td><td>80,976</td><td>624,253</td><td>820,056</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total alcoholic beverage taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Tobacco taxes:</td><td>1,048</td><td>1,151</td><td>12,898</td><td>13,401</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (large)</td><td>5</td><td>8</td><td>97</td><td>114</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars (small)</td><td>1</td><td>1</td><td>17</td><td>12</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarettes (large)</td><td>52,695</td><td>60,121</td><td>533,043</td><td>616,667</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarettes (small)</td><td>522</td><td>527</td><td>6,799</td><td>6,900</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Snuff</td><td>4,459</td><td>4,453</td><td>54,384</td><td>54,928</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Tobacco (chewing and smoking)</td><td>86</td><td>142</td><td>1,279</td><td>1,431</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette papers and tubes</td><td>1</td><td>2</td><td>1</td><td>12</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Leaf dealer penalties, etc.</td><td>-</td><td>79</td><td>-</td><td>4,612</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cigarette floor taxes</td><td>58,617</td><td>66,484</td><td>808,518</td><td>698,077</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total tobacco taxes</td><td></td><td></td><td></td><td></td><td>Stamp taxes:</td><td></td><td></td><td></td><td></td></tr><tr><td>Bonds, issues of capital stock, deeds of conveyance, etc.</td><td>1,682</td><td>1,990</td><td>18,145</td><td>22,073</td><td>Transfers of capital stock and similar interest sales</td><td>1,834</td><td>925</td><td>15,528</td><td>12,176</td></tr><tr><td>Playing cards</td><td>862</td><td>459</td><td>4,814</td><td>4,757</td><td>Silver bullion sales or transfers</td><td>9</td><td>4</td><td>194</td><td>51</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>Total stamp taxes</td><td>4,387</td><td>3,378</td><td>38,681</td><td>39,057</td></tr><tr><td>Total stamp taxes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
Source: Reports of collections. Less than $500.
CUSTOMS STATISTICS
49
50
Customs Duties and Taxes Collected, and Values of Dutiable and Taxable Imports, Estimated by Tariff Schedules
(In thousands of dollars)
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="8">1940</th><th colspan="7">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>Chemicals, oils and paints</td><td>19,634</td><td>12,355</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><td>919</td></tr><tr><td>Earths, earthenware and glassware</td><td>10,794</td><td>8,806</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><td>710</td></tr><tr><td>Metals and manufactures</td><td>25,749</td><td>31,161</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><td>4,410</td></tr><tr><td>Wood and manufactures</td><td>2,096</td><td>1,723</td><td>131</td><td>187</td><td>151</td><td>138</td><td>131</td><td>139</td><td>157</td><td>147</td><td>152</td><td>148</td><td>160</td><td>162</td><td>196</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>46,218</td><td>42,826</td><td>4,809</td><td>4,164</td><td>4,618</td><td>4,395</td><td>3,472</td><td>3,004</td><td>2,464</td><td>2,462</td><td>1,816</td><td>3,586</td><td>4,399</td><td>6,199</td><td>8,695</td></tr><tr><td>Tobacco and manufactures</td><td>23,927</td><td>22,173</td><td>1,807</td><td>2,026</td><td>1,580</td><td>1,924</td><td>2,146</td><td>1,369</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><td>1,610</td></tr><tr><td>Agricultural products and provisions</td><td>56,418</td><td>46,083</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><td>6,271</td></tr><tr><td>Spirits, wines and other beverages</td><td>34,206</td><td>32,753</td><td>2,308</td><td>2,574</td><td>5,473</td><td>2,059</td><td>1,409</td><td>2,168</td><td>3,121</td><td>3,453</td><td>3,894</td><td>1,610</td><td>1,723</td><td>2,371</td><td>2,823</td></tr><tr><td>Cotton manufactures</td><td>9,841</td><td>7,050</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><td>552</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>10,829</td><td>10,255</td><td>640</td><td>864</td><td>721</td><td>1,091</td><td>524</td><td>858</td><td>905</td><td>707</td><td>794</td><td>655</td><td>838</td><td>822</td><td>702</td></tr><tr><td>Wool and manufactures</td><td>33,624</td><td>51,601</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><td>14,106</td></tr><tr><td>Silk manufactures</td><td>2,775</td><td>2,148</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><td>124</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>3,090</td><td>1,260</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><td>103</td></tr><tr><td>Pulp, paper and books</td><td>2,152</td><td>1,278</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><td>103</td></tr><tr><td>Sundries</td><td>35,245</td><td>29,558</td><td>2,375</td><td>2,335</td><td>2,133</td><td>1,852</td><td>2,086</td><td>1,796</td><td>2,455</td><td>2,416</td><td>3,011</td><td>2,201</td><td>1,990</td><td>2,361</td><td>2,261</td></tr><tr><td>Miscellaneous 2/</td><td>325</td><td>281</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><td>15</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>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><td>531</td></tr><tr><td>Fuel oil, etc. 4/</td><td>1,570</td><td>3,332</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>433</td><td>243</td></tr><tr><td>Motor fuel and lubricating oil</td><td>13</td><td>59</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><td>1</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>384</td><td>747</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><td>19</td></tr><tr><td>Seed oils</td><td>2,333</td><td>535</td><td>5</td><td>5</td><td>42</td><td>37</td><td>40</td><td>43</td><td>74</td><td>40</td><td>18</td><td>16</td><td>17</td><td>29</td><td>47</td></tr><tr><td>Oil seeds</td><td>399</td><td>285</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><td>13</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>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><td>4,234</td></tr><tr><td>Lumber of specified types</td><td>200</td><td>235</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><td>19</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>32</td><td>38</td><td>11</td><td>-</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>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><td>5,106</td></tr><tr><td>Total duties and taxes</td><td>328,352</td><td>318,267</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><td>48,905</td></tr><tr><td>Adjustment to Daily Treasury Statement</td><td>+4,483</td><td>+11,265</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><td>+292</td></tr><tr><td>Total duties and taxes as reported in Daily Treasury Statement</td><td>332,835</td><td>329,532</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><td>49,197</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="8">1940</th><th colspan="4">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>Chemicals, oils and paints</td><td>56,586</td><td>41,204</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><td>3,490</td></tr><tr><td>Earths, earthenware and glassware</td><td>25,369</td><td>22,336</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><td>1,985</td></tr><tr><td>Metals and manufactures</td><td>89,728</td><td>102,303</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><td>12,112</td></tr><tr><td>Wood and manufactures</td><td>17,002</td><td>17,461</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><td>2,038</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>90,543</td><td>87,780</td><td>9,589</td><td>9,162</td><td>9,356</td><td>9,168</td><td>7,259</td><td>6,134</td><td>4,980</td><td>5,603</td><td>3,623</td><td>7,648</td><td>9,202</td><td>13,468</td><td>17,150</td></tr><tr><td>Tobacco and manufactures</td><td>35,999</td><td>36,685</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><td>2,981</td></tr><tr><td>Agricultural products and provisions</td><td>173,808</td><td>147,228</td><td>13,911</td><td>15,560</td><td>11,028</td><td>9,495</td><td>9,201</td><td>9,035</td><td>12,860</td><td>12,372</td><td>10,966</td><td>11,808</td><td>11,317</td><td>12,879</td><td>15,106</td></tr><tr><td>Spirits, wines and other beverages</td><td>59,076</td><td>53,809</td><td>3,778</td><td>4,357</td><td>9,250</td><td>3,388</td><td>2,355</td><td>3,483</td><td>4,967</td><td>5,431</td><td>6,432</td><td>2,565</td><td>2,769</td><td>3,919</td><td>4,552</td></tr><tr><td>Cotton manufactures</td><td>27,284</td><td>20,106</td><td>1,795</td><td>1,761</td><td>1,599</td><td>1,163</td><td>1,327</td><td>1,369</td><td>1,388</td><td>1,751</td><td>1,531</td><td>1,264</td><td>1,414</td><td>1,423</td><td>1,623</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>54,765</td><td>68,033</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>5,406</td><td>4,522</td></tr><tr><td>Wool and manufactures</td><td>49,271</td><td>77,829</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><td>21,265</td></tr><tr><td>Silk manufactures</td><td>5,286</td><td>4,074</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><td>232</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>10,210</td><td>3,398</td><td>486</td><td>199</td><td>163</td><td>124</td><td>103</td><td>69</td><td>102</td><td>299</td><td>503</td><td>334</td><td>330</td><td>449</td><td>357</td></tr><tr><td>Pulp, paper and books</td><td>11,461</td><td>7,550</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><td>739</td></tr><tr><td>Sundries</td><td>133,270</td><td>114,957</td><td>9,496</td><td>9,168</td><td>8,547</td><td>7,234</td><td>7,790</td><td>6,573</td><td>8,763</td><td>9,500</td><td>12,687</td><td>10,119</td><td>8,744</td><td>9,797</td><td>11,030</td></tr><tr><td>Miscellaneous 2/</td><td>343</td><td>305</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><td>9</td></tr><tr><td>Free list 3/</td><td>38,051</td><td>86,277</td><td>5,371</td><td>5,011</td><td>6,769</td><td>6,581</td><td>8,209</td><td>8,537</td><td>10,713</td><td>9,636</td><td>10,027</td><td>7,062</td><td>8,582</td><td>14,326</td><td>16,042</td></tr><tr><td>Total value of dutiable and taxable imports</td><td>878,050</td><td>891,835</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>98,519</td><td>115,234</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: May 1941 figures were not available in time for publication in this issue of the "Bulletin".
1/ Includes taxable sugar from the Philippines islands.
2/ Comprises articles dutiable under paragraph 1615 and repairs on vessels dutiable under Section 456 of the Tariff Act of 1930; the taxable copper content of dutiable articles taxed under the Revenue Act of 1932 and taxes on articles composed in chief value of manufactured sugar under the Sugar Act of 1937, which cannot be allocated to appropriate schedules. Taxes collected on other dutiable commodities under the revenue acts and the Sugar Act of 1937 are included in appropriate schedules.
3/ Duty-free commodities taxed under the Revenue Act of 1932 and subsequent acts.
4/ Comprises fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other motor fuel.
51
Custom Duties
and Taxes Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which importe originated</th><th>Calendar year</th><th colspan="8">1940</th><th colspan="8">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>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>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><td>153</td></tr><tr><td>Czechoslovakia</td><td>1,564</td><td>82</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><td>2</td></tr><tr><td>France</td><td>19,210</td><td>11,995</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><td>166</td></tr><tr><td>Germany</td><td>14,224</td><td>2,261</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><td>128</td></tr><tr><td>Greece</td><td>7,209</td><td>7,360</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><td>476</td></tr><tr><td>Italy</td><td>13,394</td><td>7,282</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><td>59</td></tr><tr><td>Netherlande</td><td>5,972</td><td>956</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><td>8</td></tr><tr><td>Norway</td><td>3,208</td><td>1,243</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><td>3</td></tr><tr><td>Poland</td><td>1,983</td><td>54</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><td>1</td></tr><tr><td>Spain</td><td>3,065</td><td>3,490</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><td>409</td></tr><tr><td>Sweden</td><td>1,920</td><td>1,180</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>33</td><td>169</td></tr><tr><td>Switzerland</td><td>11,369</td><td>10,535</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><td>1,305</td></tr><tr><td>U.S.S.R</td><td>1,921</td><td>3,129</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><td>654</td></tr><tr><td>United Kingdom</td><td>43,783</td><td>40,018</td><td>3,114</td><td>3,246</td><td>4,963</td><td>3,386</td><td>2,516</td><td>2,609</td><td>3,372</td><td>3,593</td><td>4,227</td><td>2,599</td><td>2,529</td><td>3,476</td><td>4,087</td></tr><tr><td>Other Europe</td><td>7,103</td><td>4,770</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><td>435</td></tr><tr><td>Total Europe</td><td>145,319</td><td>98,927</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><td>8,055</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>1,496</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><td>2,553</td></tr><tr><td>Cuba</td><td>48,811</td><td>46,846</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><td>8,013</td></tr><tr><td>Dominican Republic</td><td>1,444</td><td>1,206</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><td>498</td></tr><tr><td>Mexico</td><td>7,519</td><td>11,937</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><td>3,292</td></tr><tr><td>Netherlande West Indies</td><td>1,605</td><td>1,456</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><td>104</td></tr><tr><td>Other Countries</td><td>1,161</td><td>1,382</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><td>302</td></tr><tr><td>Total North and Central America</td><td>80,528</td><td>84,393</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><td>14,758</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>1,550</td><td>1,620</td><td>1,532</td><td>1,673</td><td>1,597</td><td>1,607</td><td>2,832</td><td>2,849</td><td>3,506</td><td>4,537</td><td>5,105</td><td>4,561</td><td>6,479</td></tr><tr><td>Brazil</td><td>3,107</td><td>4,145</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><td>235</td></tr><tr><td>Chile</td><td>601</td><td>5,125</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><td>3,366</td></tr><tr><td>Peru</td><td>3,082</td><td>3,876</td><td>273</td><td>159</td><td>203</td><td>250</td><td>285</td><td>227</td><td>405</td><td>624</td><td>518</td><td>623</td><td>434</td><td>534</td><td>1,700</td></tr><tr><td>Uruguay</td><td>5,604</td><td>10,519</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><td>2,153</td></tr><tr><td>Venezuela</td><td>5,267</td><td>4,388</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><td>422</td></tr><tr><td>Other Countries</td><td>1,424</td><td>1,932</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><td>354</td></tr><tr><td>Total South America</td><td>37,695</td><td>57,166</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><td>14,709</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>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><td>517</td></tr><tr><td>China</td><td>10,262</td><td>14,142</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><td>1,427</td></tr><tr><td>Japan</td><td>17,823</td><td>16,368</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><td>1,221</td></tr><tr><td>Turkey</td><td>8,436</td><td>8,746</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><td>672</td></tr><tr><td>Other Countries</td><td>6,716</td><td>9,076</td><td>863</td><td>791</td><td>610</td><td>727</td><td>863</td><td>779</td><td>797</td><td>1,023</td><td>690</td><td>724</td><td>665</td><td>783</td><td>815</td></tr><tr><td>Total Asia</td><td>50,182</td><td>57,450</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><td>4,652</td></tr><tr><td>Oceania</td><td>8,509</td><td>9,239</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><td>5,615</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>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><td>300</td></tr><tr><td>Gold Coast</td><td>1,375</td><td>1,392</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><td>22</td></tr><tr><td>Union of South Africa</td><td>1,528</td><td>6,417</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><td>575</td></tr><tr><td>Other Countries</td><td>838</td><td>1,435</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><td>220</td></tr><tr><td>Total Africa</td><td>6,118</td><td>11,091</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><td>1,117</td></tr><tr><td>Grand Total</td><td>328,352</td><td>318,267</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><td>48,905</td></tr></table>
Source: Computed on the basis of quantities and values of imports as shown in reports of the Bureau of Foreign and Domestic Commerce. Note: May 1941 figures were not available in time for publication in this issue of the "Bulletin".
52
Commodities Imported Under Quota Provisions
<table><tr><th>Commodity and country</th><th>Quote period</th><th>Unit of quantity</th><th>Established quota</th><th>Quantity imported under quotas through June 28, 1941</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>71,428</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>25,554</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>2,941</td></tr><tr><td>Cream, fresh or sour</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>514</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>3,644,110</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>42,995,331</td></tr><tr><td>Other</td><td>12 months from Sept. 15, 1940</td><td>Pound</td><td>60,000,000</td><td>13,656,526</td></tr><tr><td>Silver or black force, furs, and articles: Foxes valued under $250 each and whole furs and skins:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>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>(Import quota filled)</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>9,550,955</td></tr><tr><td>Red cedar shingles</td><td>Calendar year</td><td>Square</td><td>2,488,359</td><td>1,690,554</td></tr><tr><td>Molasses and sugar syrup, containing soluble nonsugar solids equal to more than 6% of total soluble solids</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>(Tariff rate quota filled)</td></tr><tr><td>Crude petroleum, topped crude petroleum and fuel oil:</td><td></td><td></td><td></td><td></td></tr><tr><td>Venezuela</td><td>Calendar year</td><td>Gallon</td><td>1,913,049,600</td><td>970,324,727</td></tr><tr><td>Netherlands and Netherlands Indies</td><td>Calendar year</td><td>Gallon</td><td>578,806,200</td><td>340,137,457</td></tr><tr><td>Colombia</td><td>Calendar year</td><td>Gallon</td><td>86,956,800</td><td>13,315,494</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 Philippine Islands:</td><td></td><td></td><td></td><td></td></tr><tr><td>Coconut oil</td><td>Calendar year</td><td>Pound</td><td>425,500,000</td><td>171,494,502</td></tr><tr><td>Refined sugars</td><td>Calendar year</td><td>Pound</td><td>112,000,000 1/</td><td>52,800,422</td></tr><tr><td>Sugars other than refined</td><td>Calendar year</td><td>Pound</td><td>1,792,000,000 1/</td><td>1,161,213,247</td></tr><tr><td>Cordage</td><td>Period - May 1 to Dec. 31, 1941</td><td>Pound</td><td>4,000,000</td><td>902,633</td></tr><tr><td>Buttons of pearl or shell</td><td>Calendar year</td><td>Oross</td><td>807,500</td><td>359,368</td></tr><tr><td>Cigars</td><td>Calendar year</td><td>Number</td><td>190,000,000</td><td>70,776,956</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>2,620,357</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.
53
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/</th><th colspan="2"></th><th colspan="2">Cotton waste 2/</th><th colspan="2">Restricted cotton waste (included in total) 3/</th></tr><tr><th></th><th colspan="2">Staple length less than 1-1/8 inches</th><th colspan="2">Staple length 1-1/8 inches to 1-11/16 inches</th><th colspan="2">Total cotton waste</th><th colspan="2">Established quota</th><th>Imports to June 28, 1941</th></tr><tr><th></th><th>Established quota</th><th>Imports to June 28, 1941</th><th>Established quota</th><th>Imports to June 28, 1941</th><th>Established quota</th><th>Imports to June 28, 1941</th><th>Established quota</th><th>Imports to June 28, 1941</th></tr><tr><td>Europe:</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>-</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>1,441,701</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><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>239,345</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>164</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>4,221,714</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><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>131,682</td><td>2,056,299</td><td>1,698,997</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><td></td></tr><tr><td>British India</td><td>2,003,483</td><td>83,126</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><td></td></tr><tr><td>Algerie 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>28,331,550</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>5,140,976</td><td>45,656,420</td><td>30,032,652</td><td>5,482,509</td><td>1,753,329</td><td>1,599,886</td><td>6,430</td></tr></table>
Source: Reports of Collectors of Customs.
1/ Cotton having a staple of less than 1-11/16 inches (other than harah 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 comber, lap, sliver, roving, and cotton card strips, whether or not manufactured or otherwise advanced in value.
3/ In the case of the European countries, not more than 33-1/3 percent of the total quotas for cotton waste may be filled by cotton wastes other than card strips and comber 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
- 54 -
55
Net Capital Movement between the United States and Foreign Countries 1935 through April 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>Other-lande</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Afrika</th><th>All other</th></tr><tr><td>NET CAPITAL MOVEMENT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936</td><td>1,412,486</td><td>554,935</td><td>210,210</td><td>36,599</td><td>23,988</td><td>114,403</td><td>0.379</td><td>129,964</td><td>1,200,598</td><td>7</td><td>70,367</td><td>125,303</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>205,156</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>6,730</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>801,915</td><td>164,782</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>209,357</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>16,225</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,581</td><td>388,655</td><td>50,901</td><td>-21,075</td><td>-21,389</td><td>18,164</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>1,195,635</td><td>-84,802</td><td>129,209</td><td>25,193</td><td>25,031</td><td>145,672</td><td>218,960</td><td>289,125</td><td>748,388</td><td>72,260</td><td>93,881</td><td>227,812</td><td>53,294</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940</td><td>804,200</td><td>-131,664</td><td>201,579</td><td>9,980</td><td>-2,650</td><td>-14,657</td><td>138,557</td><td>169,201</td><td>370,946</td><td>182,259</td><td>123,395</td><td>124,719</td><td>2,880</td></tr><tr><td>Dec. 31, 1940-Apr. 30, 1941</td><td>87,968</td><td>84,975</td><td>-1,713</td><td>1,881</td><td>-8,356</td><td>7,687</td><td>-39,091</td><td>-23,555</td><td>21,828</td><td>-1,015</td><td>32,368</td><td>7,980</td><td>26,861</td></tr><tr><td>Total</td><td>5,913,382</td><td>1,054,562</td><td>668,587</td><td>177,772</td><td>47,027</td><td>463,297</td><td>872,419</td><td>693,193</td><td>4,182,856</td><td>410,655</td><td>631,147</td><td>563,643</td><td>127,044</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-Apr. 9</td><td>127,424</td><td>108,679</td><td>4,660</td><td>629</td><td>-198</td><td>-4,621</td><td>-5,896</td><td>6,892</td><td>110,145</td><td>834</td><td>-2,461</td><td>15,075</td><td>3,473</td></tr><tr><td>Apr. 16</td><td>32,111</td><td>20,178</td><td>72</td><td>85</td><td>121</td><td>-217</td><td>-5,270</td><td>5,548</td><td>20,517</td><td>-220</td><td>10,023</td><td>-1,563</td><td>3,779</td></tr><tr><td>Apr. 23</td><td>-10,878</td><td>-28,985</td><td>50</td><td>-132</td><td>215</td><td>-2,831</td><td>1,020</td><td>-9,904</td><td>-40,567</td><td>11,523</td><td>14,616</td><td>-677</td><td>4,225</td></tr><tr><td>Apr. 30</td><td>-9,597</td><td>-13,790</td><td>-1,545</td><td>125</td><td>-468</td><td>-114</td><td>-1,081</td><td>-1,450</td><td>-18,253</td><td>3,669</td><td>-6,711</td><td>8,163</td><td>3,535</td></tr><tr><td>Total</td><td>139,450</td><td>86,082</td><td>3,237</td><td>707</td><td>-330</td><td>-7,713</td><td>-11,227</td><td>1,086</td><td>71,842</td><td>15,806</td><td>15,469</td><td>20,973</td><td>15,370</td></tr><tr><td>MOVEMENT IN SHORT-TERM BANKING FUNDS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2, 1935-Jan. 1, 1936</td><td>964,629</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,875</td></tr><tr><td>Jan. 1, 1936-Dec. 30, 1936</td><td>337,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,289</td><td>38,590</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,309</td><td>223</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>255,594</td><td>55,151</td><td>-23,162</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>43,675</td><td>24,033</td><td>-12,507</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>13,552</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>193,182</td><td>46,532</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940</td><td>846,351</td><td>-65,787</td><td>202,651</td><td>11,034</td><td>-10,803</td><td>-25,805</td><td>135,714</td><td>155,082</td><td>402,086</td><td>163,398</td><td>101,899</td><td>175,251</td><td>3,723</td></tr><tr><td>Dec. 31, 1940-Apr. 30, 1941</td><td>124,300</td><td>89,846</td><td>-1,338</td><td>3,112</td><td>-2,636</td><td>5,484</td><td>-20,486</td><td>-26,166</td><td>48,116</td><td>10,719</td><td>36,042</td><td>2,213</td><td>27,223</td></tr><tr><td>Total</td><td>4,051,867</td><td>652,358</td><td>571,223</td><td>171,813</td><td>21,743</td><td>183,522</td><td>480,777</td><td>627,375</td><td>2,669,117</td><td>405,135</td><td>405,040</td><td>481,331</td><td>90,342</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-Apr. 9</td><td>123,827</td><td>108,535</td><td>4,311</td><td>630</td><td>-188</td><td>-4,590</td><td>-4,369</td><td>6,893</td><td>110,722</td><td>-1,207</td><td>-4,432</td><td>14,935</td><td>3,811</td></tr><tr><td>Apr. 16</td><td>31,598</td><td>19,724</td><td>34</td><td>73</td><td>104</td><td>-171</td><td>-4,637</td><td>5,305</td><td>20,432</td><td>-150</td><td>9,204</td><td>-2,608</td><td>3,729</td></tr><tr><td>Apr. 23</td><td>-7,303</td><td>-27,785</td><td>72</td><td>-65</td><td>197</td><td>-2,786</td><td>1,476</td><td>-10,196</td><td>-39,087</td><td>14,819</td><td>13,911</td><td>-1,102</td><td>4,116</td></tr><tr><td>Apr. 30</td><td>-8,127</td><td>-13,613</td><td>-1,614</td><td>123</td><td>-470</td><td>-83</td><td>-352</td><td>-1,196</td><td>-17,205</td><td>4,560</td><td>-6,772</td><td>7,732</td><td>3,557</td></tr><tr><td>Total</td><td>139,995</td><td>86,861</td><td>2,803</td><td>761</td><td>-357</td><td>-7,630</td><td>-8,382</td><td>806</td><td>74,862</td><td>18,422</td><td>11,911</td><td>19,556</td><td>15,244</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>965</td><td>2,878</td><td>-821</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>835</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>-1,532</td><td>200</td></tr><tr><td>Dec. 28, 1938-Jan. 3, 1940</td><td>32,990</td><td>6,121</td><td>7,522</td><td>63</td><td>-69</td><td>2,533</td><td>8,933</td><td>-277</td><td>24,826</td><td>6,070</td><td>2,558</td><td>-2,321</td><td>1,857</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940</td><td>20,358</td><td>-2,403</td><td>-202</td><td>-99</td><td>54</td><td>4,078</td><td>-1,607</td><td>2,921</td><td>2,742</td><td>2,067</td><td>7,634</td><td>9,337</td><td>-1,422</td></tr><tr><td>Dec. 31, 1940-Apr. 30, 1941</td><td>-2,679</td><td>-261</td><td>-883</td><td>20</td><td>13</td><td>579</td><td>-1,835</td><td>-114</td><td>-2,481</td><td>701</td><td>-2,251</td><td>1,169</td><td>187</td></tr><tr><td>Total</td><td>98,240</td><td>16,702</td><td>19,015</td><td>-200</td><td>201</td><td>13,971</td><td>14,322</td><td>7,824</td><td>71,835</td><td>11,425</td><td>6,993</td><td>7,154</td><td>814</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-Apr. 9</td><td>1,277</td><td>565</td><td>371</td><td>1</td><td>-9</td><td>-74</td><td>-499</td><td>93</td><td>448</td><td>788</td><td>129</td><td>-56</td><td>-32</td></tr><tr><td>Apr. 16</td><td>1,525</td><td>524</td><td>3</td><td>10</td><td>19</td><td>23</td><td>130</td><td>70</td><td>779</td><td>92</td><td>654</td><td>12</td><td>13</td></tr><tr><td>Apr. 23</td><td>-179</td><td>-1,042</td><td>-21</td><td>-</td><td>3</td><td>64</td><td>73</td><td>186</td><td>-797</td><td>122</td><td>215</td><td>361</td><td>-6</td></tr><tr><td>Apr. 30</td><td>-254</td><td>-13</td><td>12</td><td>3</td><td>2</td><td>58</td><td>74</td><td>-407</td><td>-301</td><td>-173</td><td>-84</td><td>411</td><td>-107</td></tr><tr><td>Total</td><td>2,369</td><td>4</td><td>205</td><td>14</td><td>15</td><td>71</td><td>-222</td><td>-58</td><td>129</td><td>829</td><td>918</td><td>728</td><td>-274</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>716,660</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>21,71</td><td>2,544</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>11,241</td><td>22,753</td><td>1,573</td></tr><tr><td>Dec. 30, 1936-Dec. 29, 1937</td><td>244,526</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>57,156</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>-9,815</td><td>5,204</td><td>9,997</td><td>1,153</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>3,290</td></tr><tr><td>Jan. 3, 1940-Dec. 31, 1940</td><td>-140,968</td><td>-66,837</td><td>-2,149</td><td>-868</td><td>7,648</td><td>5,406</td><td>3,417</td><td>4,405</td><td>-48,978</td><td>-15,806</td><td>-4,496</td><td>-70,058</td><td>-1,570</td></tr><tr><td>Dec. 31, 1940-Apr. 30, 1941</td><td>-46,120</td><td>-4,450</td><td>-173</td><td>-1,258</td><td>-5,722</td><td>1,636</td><td>-15,943</td><td>44</td><td>-25,866</td><td>-13,332</td><td>-5,067</td><td>-568</td><td>-3,287</td></tr><tr><td>Total</td><td>546,660</td><td>256,771</td><td>74,257</td><td>-30,340</td><td>-3,002</td><td>234,789</td><td>332,142</td><td>64,895</td><td>929,511</td><td>-31,762</td><td>20,552</td><td>17,010</td><td>11,745</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-Apr. 9</td><td>-923</td><td>-243</td><td>-65</td><td>-2</td><td>-1</td><td>43</td><td>-491</td><td>-94</td><td>-853</td><td>421</td><td>-146</td><td>-61</td><td>16</td></tr><tr><td>Apr. 16</td><td>-1,228</td><td>-46</td><td>35</td><td>1</td><td>-2</td><td>-73</td><td>-774</td><td>78</td><td>-821</td><td>-117</td><td>-175</td><td>-106</td><td>-5</td></tr><tr><td>Apr. 23</td><td>-4,025</td><td>-37</td><td>56</td><td>-68</td><td>10</td><td>-107</td><td>-51
Cumulative net capital movement between U.S. and foreign countries
TAX ON MOVEMENT BETWEEN U.S. AND CANADA
Cumulative Weekly
56
57
Short-Term Foreign Liabilities as Reported by Banks and Bankers
in the United States for April 1941
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Bal-gium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Bether-lands</th><th>Norway</th><th>Sweden</th><th>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>3,399,776</td><td>476,306</td><td>489,161</td><td>134,876</td><td>16,454</td><td>11,585</td><td>5,678</td><td>15,263</td><td>182,767</td><td>44,981</td><td>222,330</td><td>492,634</td><td>201,148</td><td>2,293,693</td><td>421,181</td></tr><tr><td>Apr. 16.</td><td>3,925,387</td><td>497,326</td><td>489,204</td><td>134,922</td><td>16,306</td><td>11,527</td><td>5,301</td><td>15,246</td><td>182,573</td><td>45,024</td><td>222,415</td><td>489,206</td><td>206,298</td><td>2,315,848</td><td>424,057</td></tr><tr><td>Apr. 23.</td><td>3,905,447</td><td>469,247</td><td>489,354</td><td>133,360</td><td>16,078</td><td>11,440</td><td>5,721</td><td>15,444</td><td>179,774</td><td>44,859</td><td>223,924</td><td>489,562</td><td>195,574</td><td>2,274,337</td><td>433,401</td></tr><tr><td>Apr. 30.</td><td>3,883,513</td><td>454,947</td><td>487,712</td><td>134,104</td><td>16,089</td><td>12,513</td><td>5,730</td><td>15,019</td><td>179,725</td><td>44,802</td><td>225,552</td><td>489,107</td><td>190,564</td><td>2,255,864</td><td>434,014</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>Apr. 9.</td><td>3,877,239</td><td>467,423</td><td>488,271</td><td>134,247</td><td>16,455</td><td>11,579</td><td>5,627</td><td>15,177</td><td>181,043</td><td>44,976</td><td>222,022</td><td>491,773</td><td>200,964</td><td>2,279,557</td><td>420,109</td></tr><tr><td>Apr. 16.</td><td>3,902,095</td><td>488,195</td><td>488,363</td><td>134,284</td><td>16,300</td><td>11,521</td><td>5,714</td><td>15,127</td><td>180,841</td><td>45,019</td><td>222,136</td><td>487,367</td><td>206,111</td><td>2,300,978</td><td>422,946</td></tr><tr><td>Apr. 23.</td><td>3,882,179</td><td>459,716</td><td>488,458</td><td>132,732</td><td>16,069</td><td>11,434</td><td>5,670</td><td>15,345</td><td>178,069</td><td>44,853</td><td>223,616</td><td>488,528</td><td>195,372</td><td>2,259,862</td><td>432,295</td></tr><tr><td>Apr. 30.</td><td>3,862,718</td><td>447,178</td><td>486,857</td><td>133,468</td><td>16,082</td><td>12,505</td><td>5,655</td><td>14,930</td><td>178,017</td><td>44,796</td><td>225,255</td><td>488,315</td><td>190,319</td><td>2,243,377</td><td>432,919</td></tr><tr><td>Deposits for foreign accounts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>3,741,972</td><td>460,255</td><td>483,321</td><td>133,712</td><td>16,347</td><td>11,576</td><td>5,468</td><td>14,953</td><td>180,812</td><td>44,936</td><td>220,531</td><td>466,586</td><td>198,995</td><td>2,237,492</td><td>417,994</td></tr><tr><td>Apr. 16.</td><td>3,727,015</td><td>444,408</td><td>483,111</td><td>133,786</td><td>16,184</td><td>11,518</td><td>5,564</td><td>14,901</td><td>180,635</td><td>44,979</td><td>220,438</td><td>458,583</td><td>204,141</td><td>2,218,248</td><td>420,848</td></tr><tr><td>Apr. 23.</td><td>3,735,977</td><td>452,205</td><td>483,278</td><td>132,087</td><td>15,951</td><td>11,431</td><td>5,508</td><td>15,119</td><td>177,860</td><td>44,813</td><td>222,060</td><td>454,907</td><td>193,311</td><td>2,208,530</td><td>430,187</td></tr><tr><td>Apr. 30.</td><td>3,714,175</td><td>440,750</td><td>482,669</td><td>132,747</td><td>15,950</td><td>12,504</td><td>5,472</td><td>14,708</td><td>177,796</td><td>44,756</td><td>223,655</td><td>449,236</td><td>188,633</td><td>2,188,886</td><td>431,799</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>Apr. 9.</td><td>87,403</td><td>4,536</td><td>678</td><td>527</td><td>1</td><td>3</td><td>21</td><td>213</td><td>87</td><td>19</td><td>1,478</td><td>14,262</td><td>1,054</td><td>22,879</td><td>1,327</td></tr><tr><td>Apr. 16.</td><td>85,963</td><td>4,798</td><td>972</td><td>490</td><td>9</td><td>3</td><td>3</td><td>213</td><td>61</td><td>19</td><td>1,604</td><td>13,188</td><td>951</td><td>22,401</td><td>1,812</td></tr><tr><td>Apr. 23.</td><td>88,397</td><td>5,010</td><td>969</td><td>637</td><td>12</td><td>3</td><td>9</td><td>215</td><td>64</td><td>19</td><td>1,549</td><td>13,050</td><td>1,047</td><td>22,584</td><td>1,795</td></tr><tr><td>Apr. 30.</td><td>89,088</td><td>4,350</td><td>976</td><td>713</td><td>15</td><td>1</td><td>31</td><td>212</td><td>76</td><td>19</td><td>1,595</td><td>13,466</td><td>1,068</td><td>22,522</td><td>793</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>Apr. 9.</td><td>29,326</td><td>-</td><td>3</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>10,005</td><td>70</td></tr><tr><td>Apr. 16.</td><td>34,176</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14,950</td><td>2</td><td>14,955</td><td>70</td></tr><tr><td>Apr. 23.</td><td>39,176</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19,850</td><td>2</td><td>19,855</td><td>70</td></tr><tr><td>Apr. 30.</td><td>43,176</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24,850</td><td>2</td><td>24,855</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>Apr. 9.</td><td>18,538</td><td>2,632</td><td>4,269</td><td>8</td><td>107</td><td>-</td><td>138</td><td>11</td><td>144</td><td>21</td><td>13</td><td>925</td><td>913</td><td>9,181</td><td>218</td></tr><tr><td>Apr. 16.</td><td>58,941</td><td>38,989</td><td>4,277</td><td>8</td><td>107</td><td>-</td><td>147</td><td>13</td><td>145</td><td>21</td><td>4</td><td>746</td><td>1,017</td><td>45,474</td><td>216</td></tr><tr><td>Apr. 23.</td><td>18,629</td><td>2,501</td><td>4,208</td><td>8</td><td>106</td><td>-</td><td>153</td><td>11</td><td>145</td><td>21</td><td>7</td><td>721</td><td>1,012</td><td>8,893</td><td>243</td></tr><tr><td>Apr. 30.</td><td>16,279</td><td>2,078</td><td>3,209</td><td>8</td><td>107</td><td>-</td><td>152</td><td>10</td><td>145</td><td>21</td><td>5</td><td>763</td><td>616</td><td>7,114</td><td>257</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>Apr. 9.</td><td>22,537</td><td>9,383</td><td>890</td><td>629</td><td>9</td><td>6</td><td>51</td><td>86</td><td>1,724</td><td>5</td><td>308</td><td>861</td><td>184</td><td>14,136</td><td>1,072</td></tr><tr><td>Apr. 16.</td><td>23,292</td><td>9,131</td><td>841</td><td>638</td><td>6</td><td>6</td><td>87</td><td>119</td><td>1,732</td><td>5</td><td>279</td><td>1,839</td><td>187</td><td>14,870</td><td>1,111</td></tr><tr><td>Apr. 23.</td><td>23,268</td><td>9,531</td><td>896</td><td>628</td><td>9</td><td>6</td><td>51</td><td>99</td><td>1,705</td><td>6</td><td>308</td><td>1,034</td><td>202</td><td>14,475</td><td>1,106</td></tr><tr><td>Apr. 30.</td><td>20,795</td><td>7,769</td><td>855</td><td>636</td><td>7</td><td>8</td><td>75</td><td>89</td><td>1,708</td><td>6</td><td>297</td><td>792</td><td>245</td><td>12,487</td><td>1,095</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>Apr. 9.</td><td>11,447</td><td>2,937</td><td>803</td><td>494</td><td>7</td><td>6</td><td>49</td><td>79</td><td>1,542</td><td>4</td><td>37</td><td>438</td><td>142</td><td>6,538</td><td>203</td></tr><tr><td>Apr. 16.</td><td>12,190</td><td>2,592</td><td>764</td><td>492</td><td>4</td><td>6</td><td>85</td><td>113</td><td>1,552</td><td>4</td><td>27</td><td>1,399</td><td>147</td><td>7,185</td><td>214</td></tr><tr><td>Apr. 23.</td><td>11,813</td><td>2,478</td><td>819</td><td>482</td><td>7</td><td>6</td><td>49</td><td>92</td><td>1,523</td><td>5</td><td>56</td><td>603</td><td>163</td><td>6,283</td><td>222</td></tr><tr><td>Apr. 30.</td><td>10,743</td><td>2,072</td><td>782</td><td>497</td><td>5</td><td>8</td><td>47</td><td>83</td><td>1,518</td><td>5</td><td>45</td><td>434</td><td>154</td><td>5,650</td><td>213</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>Apr. 9.</td><td>3,103</td><td>2,156</td><td>7</td><td>43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,320</td><td>780</td></tr><tr><td>Apr. 16.</td><td>2,849</td><td>1,879</td><td>7</td><td>43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>113</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,042</td><td>765</td></tr><tr><td>Apr. 23.</td><td>2,829</td><td>1,838</td><td>7</td><td>43</td><td>-</td><td>-</td><td>-</td><td>-</td><td>115</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,003</td><td>785</td></tr><tr><td>Apr. 30.</td><td>2,956</td><td>1,935</td><td>7</td><td>36</td><td>-</td><td>-</td><td>26</td><td>-</td><td>118</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,122</td><td>773</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>Apr. 9.</td><td>7,987</td><td>4,290</td><td>80</td><td>92</td><td>2</td><td>-</td><td>2</td><td>7</td><td>68</td><td>1</td><td>271</td><td>423</td><td>42</td><td>5,278</td><td>129</td></tr><tr><td>Apr. 16.</td><td>8,253</td><td>4,660</td><td>70</td><td>103</td><td>2</td><td>-</td><td>2</td><td>6</td><td>67</td><td>1</td><td>252</td><td>440</td><td>40</td><td>5,643</td><td>131</td></tr><tr><td>Apr. 23.</td><td>8,626</td><td>5,215</td><td>70</td><td>103</td><td>2</td><td>-</td><td>2</td><td>7</td><td>67</td><td>1</td><td>252</td><td>431</td><td>39</td><td>6,189</td><td>95</td></tr><tr><td>Apr. 30.</td><td>7,096</td><td>3,762</td><td>66</td><td>103</td><td>2</td><td>-</td><td>2</td><td>6</td><td>72</td><td>1</td><td>252</td><td>358</td><td>91</td><td>4,715</td><td>109</td></tr></table>
(Continued on following page)
58
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for April 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN LIABILITIES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9</td><td>107,708</td><td>44,885</td><td>29,531</td><td>53,286</td><td>51,400</td><td>60,426</td><td>121,049</td><td>468,285</td><td>204,487</td><td>93,888</td><td>103,998</td><td>47,623</td><td>176,679</td><td>626,675</td><td>89,942</td></tr><tr><td>Apr. 16</td><td>107,730</td><td>46,077</td><td>29,255</td><td>54,776</td><td>51,749</td><td>61,495</td><td>124,700</td><td>475,782</td><td>198,191</td><td>93,064</td><td>98,245</td><td>48,149</td><td>178,072</td><td>615,821</td><td>93,879</td></tr><tr><td>Apr. 23</td><td>111,622</td><td>49,473</td><td>29,949</td><td>55,798</td><td>51,794</td><td>60,645</td><td>129,486</td><td>488,767</td><td>191,161</td><td>92,716</td><td>98,730</td><td>47,443</td><td>180,739</td><td>610,789</td><td>98,153</td></tr><tr><td>Apr. 30</td><td>103,414</td><td>50,595</td><td>28,805</td><td>55,597</td><td>48,599</td><td>62,086</td><td>129,794</td><td>478,890</td><td>187,041</td><td>92,813</td><td>92,478</td><td>48,166</td><td>192,409</td><td>612,907</td><td>101,833</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>Apr. 9</td><td>107,692</td><td>44,878</td><td>29,531</td><td>53,286</td><td>51,096</td><td>60,426</td><td>120,786</td><td>467,695</td><td>203,942</td><td>91,905</td><td>100,560</td><td>47,399</td><td>176,557</td><td>620,763</td><td>89,515</td></tr><tr><td>Apr. 16</td><td>107,713</td><td>46,066</td><td>29,255</td><td>54,776</td><td>51,471</td><td>61,495</td><td>124,427</td><td>475,203</td><td>197,633</td><td>90,042</td><td>95,090</td><td>47,924</td><td>177,949</td><td>609,538</td><td>93,430</td></tr><tr><td>Apr. 23</td><td>111,598</td><td>49,457</td><td>29,949</td><td>55,798</td><td>51,543</td><td>60,645</td><td>129,229</td><td>488,219</td><td>190,577</td><td>90,496</td><td>95,320</td><td>47,208</td><td>180,616</td><td>604,217</td><td>97,586</td></tr><tr><td>Apr. 30</td><td>103,356</td><td>50,583</td><td>28,805</td><td>55,597</td><td>48,339</td><td>62,086</td><td>129,524</td><td>478,300</td><td>186,488</td><td>90,760</td><td>89,369</td><td>47,957</td><td>192,228</td><td>606,802</td><td>101,320</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>Apr. 9</td><td>104,682</td><td>38,301</td><td>28,576</td><td>50,844</td><td>50,542</td><td>60,360</td><td>116,252</td><td>449,557</td><td>181,806</td><td>87,937</td><td>75,171</td><td>38,678</td><td>167,089</td><td>550,581</td><td>86,248</td></tr><tr><td>Apr. 16</td><td>105,942</td><td>38,879</td><td>28,209</td><td>52,640</td><td>50,954</td><td>61,444</td><td>120,151</td><td>458,219</td><td>175,389</td><td>87,016</td><td>69,079</td><td>39,416</td><td>168,221</td><td>539,121</td><td>90,579</td></tr><tr><td>Apr. 23</td><td>109,886</td><td>41,945</td><td>28,746</td><td>53,838</td><td>51,062</td><td>60,583</td><td>123,580</td><td>469,490</td><td>168,093</td><td>86,520</td><td>68,705</td><td>38,156</td><td>171,432</td><td>532,916</td><td>94,704</td></tr><tr><td>Apr. 30</td><td>101,557</td><td>43,496</td><td>27,427</td><td>53,873</td><td>47,870</td><td>62,008</td><td>125,259</td><td>461,490</td><td>166,745</td><td>86,743</td><td>60,178</td><td>38,041</td><td>182,072</td><td>533,779</td><td>98,221</td></tr><tr><td>Bill held for foreign account:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9</td><td>1,581</td><td>6,436</td><td>940</td><td>2,386</td><td>474</td><td>36</td><td>3,915</td><td>15,368</td><td>5,474</td><td>497</td><td>24,365</td><td>6,703</td><td>6,763</td><td>44,302</td><td>2,527</td></tr><tr><td>Apr. 16</td><td>1,734</td><td>6,945</td><td>946</td><td>2,080</td><td>475</td><td>21</td><td>3,561</td><td>15,362</td><td>5,317</td><td>429</td><td>25,213</td><td>6,487</td><td>6,089</td><td>43,535</td><td>2,353</td></tr><tr><td>Apr. 23</td><td>1,673</td><td>7,272</td><td>1,093</td><td>1,906</td><td>439</td><td>32</td><td>4,030</td><td>16,445</td><td>5,413</td><td>437</td><td>26,009</td><td>7,023</td><td>6,315</td><td>45,197</td><td>2,376</td></tr><tr><td>Apr. 30</td><td>1,639</td><td>6,339</td><td>1,268</td><td>1,571</td><td>428</td><td>48</td><td>3,646</td><td>15,539</td><td>3,588</td><td>555</td><td>28,488</td><td>7,852</td><td>7,047</td><td>47,630</td><td>2,504</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>Apr. 9</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>16,010</td><td>3,200</td><td>-</td><td>-</td><td>4</td><td>19,214</td><td>-</td></tr><tr><td>Apr. 16</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>16,010</td><td>3,200</td><td>-</td><td>-</td><td>4</td><td>19,214</td><td>-</td></tr><tr><td>Apr. 23</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>16,010</td><td>3,200</td><td>-</td><td>-</td><td>4</td><td>19,214</td><td>-</td></tr><tr><td>Apr. 30</td><td>-</td><td>-</td><td>-</td><td>37</td><td>-</td><td>-</td><td>-</td><td>37</td><td>15,010</td><td>3,200</td><td>-</td><td>-</td><td>4</td><td>18,214</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>Apr. 9</td><td>1,329</td><td>141</td><td>15</td><td>19</td><td>80</td><td>30</td><td>619</td><td>2,233</td><td>652</td><td>271</td><td>524</td><td>2,018</td><td>2,701</td><td>6,166</td><td>740</td></tr><tr><td>Apr. 16</td><td>37</td><td>242</td><td>100</td><td>19</td><td>42</td><td>30</td><td>615</td><td>1,085</td><td>917</td><td>297</td><td>798</td><td>2,021</td><td>3,635</td><td>7,668</td><td>498</td></tr><tr><td>Apr. 23</td><td>39</td><td>240</td><td>110</td><td>17</td><td>42</td><td>30</td><td>1,519</td><td>2,097</td><td>1,061</td><td>339</td><td>606</td><td>2,019</td><td>2,865</td><td>6,890</td><td>506</td></tr><tr><td>Apr. 30</td><td>170</td><td>248</td><td>110</td><td>16</td><td>41</td><td>30</td><td>619</td><td>1,234</td><td>1,045</td><td>262</td><td>703</td><td>2,064</td><td>3,105</td><td>7,179</td><td>495</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>Apr. 9</td><td>16</td><td>7</td><td>-</td><td>-</td><td>304</td><td>-</td><td>263</td><td>590</td><td>545</td><td>1,983</td><td>3,438</td><td>224</td><td>122</td><td>6,312</td><td>427</td></tr><tr><td>Apr. 16</td><td>17</td><td>11</td><td>-</td><td>-</td><td>278</td><td>-</td><td>273</td><td>579</td><td>558</td><td>2,122</td><td>3,255</td><td>225</td><td>123</td><td>6,283</td><td>449</td></tr><tr><td>Apr. 23</td><td>24</td><td>16</td><td>-</td><td>-</td><td>251</td><td>-</td><td>257</td><td>548</td><td>584</td><td>2,220</td><td>3,410</td><td>235</td><td>123</td><td>6,572</td><td>567</td></tr><tr><td>Apr. 30</td><td>48</td><td>12</td><td>-</td><td>-</td><td>260</td><td>-</td><td>270</td><td>590</td><td>553</td><td>2,053</td><td>3,109</td><td>209</td><td>181</td><td>6,105</td><td>518</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>Apr. 9</td><td>8</td><td>7</td><td>-</td><td>-</td><td>42</td><td>-</td><td>260</td><td>317</td><td>542</td><td>1,937</td><td>1,398</td><td>224</td><td>98</td><td>4,199</td><td>190</td></tr><tr><td>Apr. 16</td><td>9</td><td>11</td><td>-</td><td>-</td><td>26</td><td>-</td><td>270</td><td>316</td><td>555</td><td>2,071</td><td>1,288</td><td>225</td><td>98</td><td>4,237</td><td>238</td></tr><tr><td>Apr. 23</td><td>16</td><td>16</td><td>-</td><td>-</td><td>34</td><td>-</td><td>256</td><td>322</td><td>581</td><td>2,154</td><td>1,506</td><td>235</td><td>99</td><td>4,575</td><td>411</td></tr><tr><td>Apr. 30</td><td>37</td><td>12</td><td>-</td><td>-</td><td>37</td><td>-</td><td>269</td><td>355</td><td>550</td><td>1,998</td><td>1,238</td><td>209</td><td>154</td><td>4,149</td><td>376</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>Apr. 9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>39</td><td>-</td><td>-</td><td>39</td><td>4</td></tr><tr><td>Apr. 16</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>-</td><td>-</td><td>40</td><td>1</td></tr><tr><td>Apr. 23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36</td><td>-</td><td>-</td><td>36</td><td>1</td></tr><tr><td>Apr. 30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>44</td><td>17</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>Apr. 9</td><td>8</td><td>-</td><td>-</td><td>-</td><td>262</td><td>-</td><td>3</td><td>273</td><td>3</td><td>46</td><td>2,001</td><td>-</td><td>24</td><td>2,074</td><td>233</td></tr><tr><td>Apr. 16</td><td>8</td><td>-</td><td>-</td><td>-</td><td>252</td><td>-</td><td>3</td><td>263</td><td>3</td><td>51</td><td>1,927</td><td>-</td><td>25</td><td>2,006</td><td>210</td></tr><tr><td>Apr. 23</td><td>8</td><td>-</td><td>-</td><td>-</td><td>217</td><td>-</td><td>1</td><td>226</td><td>3</td><td>66</td><td>1,868</td><td>-</td><td>24</td><td>1,961</td><td>155</td></tr><tr><td>Apr. 30</td><td>11</td><td>-</td><td>-</td><td>-</td><td>223</td><td>-</td><td>1</td><td>235</td><td>3</td><td>55</td><td>1,827</td><td>-</td><td>27</td><td>1,912</td><td>125</td></tr></table>
59
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for April 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>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>392,673</td><td>22,777</td><td>2,760</td><td>1,302</td><td>60</td><td>2,030</td><td>35,538</td><td>1,786</td><td>877</td><td>678</td><td>714</td><td>2,749</td><td>26,014</td><td>97,285</td><td>31,815</td></tr><tr><td>Apr. 16.</td><td>386,686</td><td>23,573</td><td>2,769</td><td>1,271</td><td>60</td><td>1,867</td><td>35,588</td><td>1,665</td><td>854</td><td>680</td><td>1,410</td><td>3,958</td><td>25,313</td><td>99,008</td><td>31,841</td></tr><tr><td>Apr. 23.</td><td>374,049</td><td>23,279</td><td>2,847</td><td>1,261</td><td>57</td><td>1,865</td><td>35,573</td><td>1,666</td><td>841</td><td>667</td><td>601</td><td>2,838</td><td>25,089</td><td>96,584</td><td>29,366</td></tr><tr><td>Apr. 30.</td><td>360,242</td><td>22,592</td><td>2,819</td><td>1,264</td><td>57</td><td>1,868</td><td>35,459</td><td>1,711</td><td>875</td><td>662</td><td>577</td><td>2,739</td><td>24,697</td><td>95,316</td><td>25,019</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>Apr. 9.</td><td>38,771</td><td>5,972</td><td>332</td><td>46</td><td>17</td><td>4</td><td>112</td><td>435</td><td>340</td><td>129</td><td>280</td><td>616</td><td>1,208</td><td>9,491</td><td>5,324</td></tr><tr><td>Apr. 16.</td><td>40,040</td><td>6,140</td><td>341</td><td>54</td><td>17</td><td>4</td><td>94</td><td>427</td><td>334</td><td>132</td><td>277</td><td>1,721</td><td>1,211</td><td>10,752</td><td>5,313</td></tr><tr><td>Apr. 23.</td><td>38,801</td><td>6,357</td><td>355</td><td>45</td><td>18</td><td>3</td><td>89</td><td>424</td><td>325</td><td>123</td><td>258</td><td>565</td><td>1,116</td><td>9,680</td><td>5,645</td></tr><tr><td>Apr. 30.</td><td>38,377</td><td>6,138</td><td>334</td><td>50</td><td>18</td><td>3</td><td>95</td><td>489</td><td>327</td><td>122</td><td>251</td><td>476</td><td>1,137</td><td>9,440</td><td>5,416</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>Apr. 9.</td><td>7,886</td><td>2,395</td><td>39</td><td>24</td><td>5</td><td>1</td><td>29</td><td>204</td><td>83</td><td>6</td><td>49</td><td>126</td><td>48</td><td>3,011</td><td>3,540</td></tr><tr><td>Apr. 16.</td><td>8,940</td><td>2,386</td><td>54</td><td>25</td><td>5</td><td>1</td><td>17</td><td>199</td><td>80</td><td>7</td><td>44</td><td>1,228</td><td>56</td><td>4,102</td><td>3,555</td></tr><tr><td>Apr. 23.</td><td>7,204</td><td>2,229</td><td>68</td><td>21</td><td>6</td><td>-</td><td>16</td><td>196</td><td>71</td><td>6</td><td>33</td><td>86</td><td>49</td><td>2,781</td><td>3,495</td></tr><tr><td>Apr. 30.</td><td>7,420</td><td>2,338</td><td>59</td><td>27</td><td>6</td><td>-</td><td>23</td><td>261</td><td>71</td><td>5</td><td>30</td><td>64</td><td>64</td><td>2,948</td><td>3,433</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>Apr. 9.</td><td>23,241</td><td>832</td><td>166</td><td>6</td><td>-</td><td>-</td><td>61</td><td>173</td><td>53</td><td>2</td><td>1</td><td>108</td><td>341</td><td>1,743</td><td>991</td></tr><tr><td>Apr. 16.</td><td>23,208</td><td>761</td><td>159</td><td>9</td><td>-</td><td>-</td><td>55</td><td>167</td><td>53</td><td>2</td><td>1</td><td>117</td><td>334</td><td>1,658</td><td>999</td></tr><tr><td>Apr. 23.</td><td>23,380</td><td>834</td><td>158</td><td>9</td><td>-</td><td>-</td><td>51</td><td>167</td><td>53</td><td>1</td><td>1</td><td>108</td><td>335</td><td>1,717</td><td>1,174</td></tr><tr><td>Apr. 30.</td><td>23,139</td><td>831</td><td>147</td><td>9</td><td>-</td><td>-</td><td>50</td><td>167</td><td>54</td><td>-</td><td>1</td><td>41</td><td>329</td><td>1,629</td><td>971</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>7,644</td><td>2,745</td><td>127</td><td>16</td><td>12</td><td>3</td><td>22</td><td>58</td><td>204</td><td>121</td><td>230</td><td>380</td><td>819</td><td>4,737</td><td>793</td></tr><tr><td>Apr. 16.</td><td>7,892</td><td>2,993</td><td>128</td><td>20</td><td>12</td><td>3</td><td>22</td><td>61</td><td>201</td><td>123</td><td>232</td><td>376</td><td>821</td><td>4,992</td><td>787</td></tr><tr><td>Apr. 23.</td><td>8,217</td><td>3,294</td><td>129</td><td>15</td><td>12</td><td>3</td><td>22</td><td>61</td><td>201</td><td>116</td><td>224</td><td>371</td><td>734</td><td>5,182</td><td>976</td></tr><tr><td>Apr. 30.</td><td>7,818</td><td>2,969</td><td>128</td><td>14</td><td>12</td><td>3</td><td>22</td><td>61</td><td>202</td><td>117</td><td>220</td><td>371</td><td>744</td><td>4,863</td><td>1,012</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>Apr. 9.</td><td>353,902</td><td>16,805</td><td>2,428</td><td>1,256</td><td>43</td><td>2,026</td><td>35,426</td><td>1,351</td><td>537</td><td>549</td><td>434</td><td>2,133</td><td>24,806</td><td>87,794</td><td>26,491</td></tr><tr><td>Apr. 16.</td><td>346,646</td><td>17,433</td><td>2,428</td><td>1,217</td><td>43</td><td>1,863</td><td>35,494</td><td>1,238</td><td>520</td><td>548</td><td>1,133</td><td>2,237</td><td>24,102</td><td>88,256</td><td>29,500</td></tr><tr><td>Apr. 23.</td><td>335,248</td><td>16,922</td><td>2,492</td><td>1,216</td><td>39</td><td>1,852</td><td>35,484</td><td>1,242</td><td>516</td><td>544</td><td>343</td><td>2,273</td><td>23,971</td><td>86,904</td><td>23,721</td></tr><tr><td>Apr. 30.</td><td>321,865</td><td>16,454</td><td>2,485</td><td>1,214</td><td>39</td><td>1,865</td><td>35,364</td><td>1,222</td><td>548</td><td>540</td><td>326</td><td>2,259</td><td>23,560</td><td>85,876</td><td>19,603</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>Apr. 9.</td><td>141,837</td><td>12,225</td><td>600</td><td>566</td><td>-</td><td>-</td><td>11,348</td><td>783</td><td>43</td><td>1</td><td>56</td><td>156</td><td>12,549</td><td>38,327</td><td>2,846</td></tr><tr><td>Apr. 16.</td><td>132,111</td><td>12,883</td><td>597</td><td>566</td><td>-</td><td>-</td><td>11,434</td><td>631</td><td>62</td><td>2</td><td>19</td><td>116</td><td>11,785</td><td>38,095</td><td>5,944</td></tr><tr><td>Apr. 23.</td><td>121,699</td><td>12,650</td><td>596</td><td>562</td><td>-</td><td>-</td><td>11,419</td><td>664</td><td>59</td><td>2</td><td>13</td><td>115</td><td>11,742</td><td>37,822</td><td>952</td></tr><tr><td>Apr. 30.</td><td>113,155</td><td>12,332</td><td>598</td><td>567</td><td>-</td><td>-</td><td>11,431</td><td>675</td><td>57</td><td>2</td><td>13</td><td>138</td><td>11,580</td><td>37,393</td><td>1,107</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>Apr. 9.</td><td>51,538</td><td>838</td><td>180</td><td>-</td><td>-</td><td>67</td><td>15,618</td><td>6</td><td>4</td><td>-</td><td>39</td><td>35</td><td>544</td><td>17,331</td><td>3,829</td></tr><tr><td>Apr. 16.</td><td>53,467</td><td>853</td><td>180</td><td>-</td><td>-</td><td>-</td><td>15,514</td><td>5</td><td>4</td><td>-</td><td>28</td><td>41</td><td>544</td><td>17,169</td><td>4,085</td></tr><tr><td>Apr. 23.</td><td>53,897</td><td>764</td><td>180</td><td>-</td><td>-</td><td>-</td><td>15,524</td><td>5</td><td>4</td><td>-</td><td>16</td><td>36</td><td>545</td><td>17,074</td><td>4,111</td></tr><tr><td>Apr. 30.</td><td>54,914</td><td>616</td><td>180</td><td>-</td><td>-</td><td>-</td><td>15,425</td><td>5</td><td>4</td><td>-</td><td>1</td><td>48</td><td>534</td><td>16,813</td><td>3,951</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>Apr. 9.</td><td>160,527</td><td>3,742</td><td>1,648</td><td>690</td><td>43</td><td>1,959</td><td>8,460</td><td>562</td><td>490</td><td>548</td><td>339</td><td>1,942</td><td>11,713</td><td>32,136</td><td>19,816</td></tr><tr><td>Apr. 16.</td><td>161,068</td><td>3,697</td><td>1,651</td><td>651</td><td>43</td><td>1,863</td><td>8,546</td><td>602</td><td>454</td><td>546</td><td>1,086</td><td>2,080</td><td>11,773</td><td>32,992</td><td>19,470</td></tr><tr><td>Apr. 23.</td><td>159,652</td><td>3,508</td><td>1,716</td><td>654</td><td>39</td><td>1,862</td><td>8,541</td><td>573</td><td>453</td><td>542</td><td>314</td><td>2,122</td><td>11,684</td><td>32,008</td><td>18,655</td></tr><tr><td>Apr. 30.</td><td>153,796</td><td>3,506</td><td>1,707</td><td>647</td><td>39</td><td>1,865</td><td>8,508</td><td>542</td><td>487</td><td>538</td><td>312</td><td>2,073</td><td>11,446</td><td>31,670</td><td>14,545</td></tr></table>
(Continued on following page)
60
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for April 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brasil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchurie</th><th>Philip-pine Islande</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>Apr. 9</td><td>11,807</td><td>31,076</td><td>11,667</td><td>11,049</td><td>5,353</td><td>2,503</td><td>50,575</td><td>124,030</td><td>25,489</td><td>990</td><td>68,862</td><td>20,575</td><td>16,368</td><td>132,284</td><td>7,259</td></tr><tr><td>Apr. 16</td><td>10,951</td><td>29,597</td><td>11,776</td><td>11,421</td><td>6,059</td><td>2,533</td><td>49,986</td><td>122,323</td><td>26,176</td><td>891</td><td>57,583</td><td>21,603</td><td>16,785</td><td>123,038</td><td>7,476</td></tr><tr><td>Apr. 23</td><td>11,069</td><td>29,114</td><td>12,126</td><td>10,850</td><td>5,670</td><td>2,463</td><td>50,105</td><td>121,397</td><td>26,859</td><td>953</td><td>53,802</td><td>21,567</td><td>15,927</td><td>119,108</td><td>7,594</td></tr><tr><td>Apr. 30</td><td>10,822</td><td>28,074</td><td>11,983</td><td>10,284</td><td>5,420</td><td>2,450</td><td>49,259</td><td>118,292</td><td>26,138</td><td>974</td><td>46,947</td><td>22,979</td><td>16,856</td><td>113,894</td><td>7,721</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>Apr. 9</td><td>819</td><td>58</td><td>21</td><td>101</td><td>262</td><td>67</td><td>498</td><td>1,856</td><td>19,162</td><td>456</td><td>970</td><td>85</td><td>761</td><td>21,434</td><td>666</td></tr><tr><td>Apr. 16</td><td>1,052</td><td>94</td><td>22</td><td>79</td><td>259</td><td>61</td><td>453</td><td>2,020</td><td>19,163</td><td>390</td><td>814</td><td>87</td><td>794</td><td>21,248</td><td>679</td></tr><tr><td>Apr. 23</td><td>802</td><td>93</td><td>21</td><td>79</td><td>248</td><td>70</td><td>532</td><td>1,845</td><td>19,160</td><td>395</td><td>643</td><td>84</td><td>692</td><td>20,974</td><td>657</td></tr><tr><td>Apr. 30</td><td>808</td><td>91</td><td>21</td><td>70</td><td>264</td><td>57</td><td>524</td><td>1,835</td><td>19,188</td><td>490</td><td>544</td><td>104</td><td>703</td><td>21,029</td><td>657</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>Apr. 9</td><td>60</td><td>1</td><td>1</td><td>89</td><td>241</td><td>19</td><td>39</td><td>450</td><td>18</td><td>246</td><td>384</td><td>61</td><td>173</td><td>882</td><td>3</td></tr><tr><td>Apr. 16</td><td>283</td><td>1</td><td>1</td><td>67</td><td>235</td><td>19</td><td>14</td><td>620</td><td>19</td><td>181</td><td>265</td><td>63</td><td>133</td><td>661</td><td>2</td></tr><tr><td>Apr. 23</td><td>37</td><td>-</td><td>1</td><td>78</td><td>207</td><td>17</td><td>9</td><td>349</td><td>16</td><td>199</td><td>126</td><td>59</td><td>175</td><td>575</td><td>4</td></tr><tr><td>Apr. 30</td><td>44</td><td>-</td><td>1</td><td>50</td><td>230</td><td>17</td><td>15</td><td>357</td><td>20</td><td>292</td><td>86</td><td>73</td><td>205</td><td>676</td><td>6</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>Apr. 9</td><td>577</td><td>8</td><td>7</td><td>-</td><td>5</td><td>-</td><td>131</td><td>728</td><td>19,126</td><td>167</td><td>28</td><td>-</td><td>387</td><td>19,708</td><td>71</td></tr><tr><td>Apr. 16</td><td>585</td><td>14</td><td>8</td><td>-</td><td>5</td><td>-</td><td>132</td><td>744</td><td>19,126</td><td>165</td><td>20</td><td>-</td><td>426</td><td>19,737</td><td>70</td></tr><tr><td>Apr. 23</td><td>584</td><td>13</td><td>8</td><td>-</td><td>5</td><td>-</td><td>224</td><td>834</td><td>19,126</td><td>156</td><td>20</td><td>-</td><td>304</td><td>19,606</td><td>49</td></tr><tr><td>Apr. 30</td><td>588</td><td>12</td><td>8</td><td>-</td><td>5</td><td>-</td><td>207</td><td>820</td><td>19,150</td><td>155</td><td>73</td><td>-</td><td>296</td><td>19,674</td><td>45</td></tr><tr><td>Other assets payable in foreign currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9</td><td>182</td><td>79</td><td>13</td><td>12</td><td>16</td><td>48</td><td>328</td><td>678</td><td>18</td><td>43</td><td>558</td><td>24</td><td>201</td><td>844</td><td>592</td></tr><tr><td>Apr. 16</td><td>184</td><td>79</td><td>13</td><td>12</td><td>19</td><td>42</td><td>307</td><td>656</td><td>18</td><td>44</td><td>529</td><td>24</td><td>235</td><td>850</td><td>607</td></tr><tr><td>Apr. 23</td><td>181</td><td>80</td><td>12</td><td>1</td><td>36</td><td>53</td><td>299</td><td>662</td><td>18</td><td>40</td><td>497</td><td>25</td><td>213</td><td>793</td><td>604</td></tr><tr><td>Apr. 30</td><td>176</td><td>79</td><td>12</td><td>20</td><td>29</td><td>40</td><td>302</td><td>658</td><td>18</td><td>43</td><td>385</td><td>31</td><td>202</td><td>679</td><td>606</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>Apr. 9</td><td>10,988</td><td>30,988</td><td>11,646</td><td>10,948</td><td>5,091</td><td>2,436</td><td>50,077</td><td>122,174</td><td>6,327</td><td>534</td><td>67,892</td><td>20,490</td><td>15,607</td><td>110,850</td><td>6,593</td></tr><tr><td>Apr. 16</td><td>9,899</td><td>29,503</td><td>11,754</td><td>11,342</td><td>5,800</td><td>2,472</td><td>49,533</td><td>120,303</td><td>7,013</td><td>501</td><td>56,769</td><td>21,516</td><td>15,991</td><td>101,790</td><td>6,797</td></tr><tr><td>Apr. 23</td><td>10,267</td><td>29,021</td><td>12,105</td><td>10,771</td><td>5,422</td><td>2,393</td><td>49,573</td><td>119,552</td><td>7,699</td><td>558</td><td>53,159</td><td>21,483</td><td>15,235</td><td>98,134</td><td>6,937</td></tr><tr><td>Apr. 30</td><td>10,014</td><td>27,983</td><td>11,962</td><td>10,214</td><td>5,156</td><td>2,393</td><td>48,735</td><td>116,457</td><td>6,950</td><td>484</td><td>46,403</td><td>22,875</td><td>16,153</td><td>92,865</td><td>7,064</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>Apr. 9</td><td>1,526</td><td>4,784</td><td>43</td><td>2,022</td><td>825</td><td>-</td><td>11,664</td><td>20,864</td><td>3,309</td><td>93</td><td>55,692</td><td>12,069</td><td>8,449</td><td>79,612</td><td>188</td></tr><tr><td>Apr. 16</td><td>378</td><td>3,321</td><td>34</td><td>2,150</td><td>646</td><td>-</td><td>10,730</td><td>17,259</td><td>3,861</td><td>107</td><td>45,121</td><td>12,973</td><td>8,402</td><td>70,464</td><td>349</td></tr><tr><td>Apr. 23</td><td>395</td><td>2,855</td><td>111</td><td>1,673</td><td>342</td><td>-</td><td>10,467</td><td>15,843</td><td>4,082</td><td>150</td><td>41,655</td><td>12,952</td><td>7,722</td><td>66,761</td><td>321</td></tr><tr><td>Apr. 30</td><td>374</td><td>1,631</td><td>36</td><td>451</td><td>277</td><td>-</td><td>9,593</td><td>12,342</td><td>3,231</td><td>118</td><td>36,029</td><td>14,101</td><td>8,456</td><td>61,935</td><td>378</td></tr><tr><td>Acceptance 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>Apr. 9</td><td>450</td><td>10,483</td><td>1,425</td><td>5,088</td><td>538</td><td>25</td><td>4,838</td><td>22,847</td><td>570</td><td>171</td><td>1,934</td><td>1,475</td><td>2,469</td><td>6,619</td><td>918</td></tr><tr><td>Apr. 16</td><td>614</td><td>10,598</td><td>1,627</td><td>5,598</td><td>1,268</td><td>23</td><td>5,000</td><td>24,728</td><td>662</td><td>139</td><td>1,759</td><td>1,435</td><td>2,644</td><td>6,639</td><td>815</td></tr><tr><td>Apr. 23</td><td>742</td><td>10,697</td><td>1,589</td><td>5,527</td><td>1,306</td><td>22</td><td>5,187</td><td>25,070</td><td>689</td><td>151</td><td>1,739</td><td>1,466</td><td>2,668</td><td>6,713</td><td>926</td></tr><tr><td>Apr. 30</td><td>759</td><td>10,720</td><td>1,740</td><td>5,982</td><td>1,187</td><td>24</td><td>5,164</td><td>25,576</td><td>781</td><td>149</td><td>2,339</td><td>1,618</td><td>2,776</td><td>7,663</td><td>911</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>Apr. 9</td><td>9,012</td><td>15,721</td><td>10,178</td><td>3,838</td><td>3,728</td><td>2,411</td><td>33,575</td><td>78,463</td><td>2,448</td><td>270</td><td>10,266</td><td>6,946</td><td>4,689</td><td>24,619</td><td>5,493</td></tr><tr><td>Apr. 16</td><td>8,907</td><td>15,584</td><td>10,093</td><td>3,594</td><td>3,886</td><td>2,449</td><td>33,803</td><td>78,316</td><td>2,490</td><td>255</td><td>9,889</td><td>7,108</td><td>4,945</td><td>24,687</td><td>5,603</td></tr><tr><td>Apr. 23</td><td>9,130</td><td>15,469</td><td>10,405</td><td>3,571</td><td>3,774</td><td>2,371</td><td>33,919</td><td>78,539</td><td>2,928</td><td>257</td><td>9,565</td><td>7,065</td><td>4,845</td><td>24,660</td><td>5,690</td></tr><tr><td>Apr. 30</td><td>8,881</td><td>15,632</td><td>10,186</td><td>3,801</td><td>3,692</td><td>2,369</td><td>33,978</td><td>78,539</td><td>2,938</td><td>217</td><td>8,035</td><td>7,156</td><td>4,921</td><td>23,267</td><td>5,775</td></tr></table>
61
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for April 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>Apr. 9.</td><td>10,769</td><td>97</td><td>106</td><td>31</td><td>-</td><td>12</td><td>94</td><td>6</td><td>759</td><td>94</td><td>1,199</td><td>5,621</td><td>3,143</td><td>229</td><td>477</td><td>706</td><td>100</td></tr><tr><td>Apr. 16.</td><td>5,205</td><td>169</td><td>72</td><td>48</td><td>3</td><td>3</td><td>50</td><td>28</td><td>672</td><td>225</td><td>1,270</td><td>2,213</td><td>1,243</td><td>115</td><td>244</td><td>359</td><td>120</td></tr><tr><td>Apr. 23.</td><td>6,847</td><td>241</td><td>147</td><td>64</td><td>2</td><td>27</td><td>41</td><td>2</td><td>815</td><td>223</td><td>1,562</td><td>2,898</td><td>1,754</td><td>87</td><td>376</td><td>463</td><td>170</td></tr><tr><td>Apr. 30.</td><td>6,559</td><td>197</td><td>90</td><td>192</td><td>3</td><td>7</td><td>10</td><td>66</td><td>842</td><td>119</td><td>1,526</td><td>3,433</td><td>932</td><td>116</td><td>431</td><td>547</td><td>121</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>Apr. 9.</td><td>2,478</td><td>43</td><td>23</td><td>20</td><td>-</td><td>2</td><td>79</td><td>1</td><td>588</td><td>52</td><td>808</td><td>535</td><td>815</td><td>9</td><td>284</td><td>293</td><td>27</td></tr><tr><td>Apr. 16.</td><td>1,967</td><td>99</td><td>33</td><td>28</td><td>1</td><td>-</td><td>45</td><td>21</td><td>527</td><td>80</td><td>834</td><td>244</td><td>655</td><td>8</td><td>189</td><td>197</td><td>37</td></tr><tr><td>Apr. 23.</td><td>2,769</td><td>82</td><td>64</td><td>35</td><td>-</td><td>20</td><td>37</td><td>2</td><td>711</td><td>183</td><td>1,134</td><td>380</td><td>955</td><td>3</td><td>277</td><td>280</td><td>20</td></tr><tr><td>Apr. 30.</td><td>2,009</td><td>130</td><td>52</td><td>98</td><td>-</td><td>6</td><td>10</td><td>13</td><td>640</td><td>51</td><td>1,000</td><td>200</td><td>367</td><td>1</td><td>385</td><td>386</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>Apr. 9.</td><td>3,086</td><td>36</td><td>38</td><td>2</td><td>1</td><td>10</td><td>15</td><td>2</td><td>139</td><td>5</td><td>247</td><td>2,488</td><td>180</td><td>-</td><td>136</td><td>136</td><td>35</td></tr><tr><td>Apr. 16.</td><td>1,759</td><td>24</td><td>38</td><td>2</td><td>1</td><td>2</td><td>1</td><td>2</td><td>90</td><td>6</td><td>166</td><td>1,515</td><td>59</td><td>-</td><td>12</td><td>12</td><td>7</td></tr><tr><td>Apr. 23.</td><td>3,053</td><td>110</td><td>80</td><td>-</td><td>1</td><td>2</td><td>2</td><td>-</td><td>89</td><td>24</td><td>308</td><td>2,369</td><td>306</td><td>-</td><td>80</td><td>80</td><td>-</td></tr><tr><td>Apr. 30.</td><td>3,559</td><td>33</td><td>30</td><td>34</td><td>2</td><td>-</td><td>-</td><td>50</td><td>169</td><td>46</td><td>364</td><td>3,113</td><td>71</td><td>1</td><td>8</td><td>9</td><td>2</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>Apr. 9.</td><td>5,205</td><td>18</td><td>45</td><td>9</td><td>-</td><td>-</td><td>-</td><td>3</td><td>32</td><td>37</td><td>144</td><td>2,598</td><td>2,148</td><td>220</td><td>57</td><td>277</td><td>38</td></tr><tr><td>Apr. 16.</td><td>1,479</td><td>46</td><td>1</td><td>15</td><td>1</td><td>1</td><td>4</td><td>5</td><td>55</td><td>139</td><td>270</td><td>454</td><td>529</td><td>107</td><td>43</td><td>150</td><td>76</td></tr><tr><td>Apr. 23.</td><td>1,015</td><td>49</td><td>3</td><td>29</td><td>1</td><td>5</td><td>2</td><td>-</td><td>15</td><td>16</td><td>120</td><td>149</td><td>493</td><td>84</td><td>19</td><td>103</td><td>150</td></tr><tr><td>Apr. 30.</td><td>991</td><td>34</td><td>8</td><td>60</td><td>1</td><td>1</td><td>-</td><td>3</td><td>33</td><td>22</td><td>162</td><td>120</td><td>494</td><td>114</td><td>38</td><td>152</td><td>63</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>Apr. 9.</td><td>8,593</td><td>507</td><td>128</td><td>27</td><td>2</td><td>13</td><td>51</td><td>27</td><td>1,288</td><td>174</td><td>2,217</td><td>4,492</td><td>1,334</td><td>2</td><td>501</td><td>503</td><td>47</td></tr><tr><td>Apr. 16.</td><td>5,760</td><td>237</td><td>37</td><td>3</td><td>1</td><td>5</td><td>117</td><td>4</td><td>1,441</td><td>122</td><td>1,967</td><td>2,300</td><td>1,106</td><td>22</td><td>316</td><td>338</td><td>49</td></tr><tr><td>Apr. 23.</td><td>10,284</td><td>395</td><td>88</td><td>100</td><td>69</td><td>12</td><td>143</td><td>19</td><td>1,366</td><td>64</td><td>2,276</td><td>6,289</td><td>1,305</td><td>4</td><td>393</td><td>397</td><td>17</td></tr><tr><td>Apr. 30.</td><td>6,644</td><td>330</td><td>33</td><td>36</td><td>4</td><td>7</td><td>29</td><td>54</td><td>1,741</td><td>134</td><td>2,368</td><td>3,283</td><td>832</td><td>3</td><td>121</td><td>124</td><td>37</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>Apr. 9.</td><td>3,307</td><td>215</td><td>31</td><td>16</td><td>2</td><td>11</td><td>20</td><td>5</td><td>699</td><td>126</td><td>1,125</td><td>817</td><td>916</td><td>2</td><td>425</td><td>427</td><td>22</td></tr><tr><td>Apr. 16.</td><td>2,878</td><td>96</td><td>4</td><td>2</td><td>1</td><td>-</td><td>97</td><td>4</td><td>790</td><td>80</td><td>1,074</td><td>686</td><td>775</td><td>1</td><td>304</td><td>305</td><td>38</td></tr><tr><td>Apr. 23.</td><td>4,321</td><td>190</td><td>29</td><td>98</td><td>66</td><td>8</td><td>134</td><td>9</td><td>805</td><td>33</td><td>1,372</td><td>1,702</td><td>856</td><td>2</td><td>377</td><td>379</td><td>12</td></tr><tr><td>Apr. 30.</td><td>2,637</td><td>138</td><td>13</td><td>19</td><td>-</td><td>7</td><td>9</td><td>4</td><td>1,104</td><td>92</td><td>1,386</td><td>591</td><td>533</td><td>-</td><td>108</td><td>108</td><td>19</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>Apr. 9.</td><td>2,870</td><td>100</td><td>95</td><td>10</td><td>1</td><td>2</td><td>31</td><td>2</td><td>519</td><td>17</td><td>776</td><td>1,779</td><td>228</td><td>-</td><td>63</td><td>63</td><td>24</td></tr><tr><td>Apr. 16.</td><td>2,122</td><td>122</td><td>32</td><td>-</td><td>-</td><td>4</td><td>20</td><td>-</td><td>601</td><td>15</td><td>794</td><td>1,189</td><td>118</td><td>-</td><td>10</td><td>10</td><td>11</td></tr><tr><td>Apr. 23.</td><td>5,331</td><td>35</td><td>59</td><td>2</td><td>3</td><td>4</td><td>5</td><td>10</td><td>509</td><td>5</td><td>632</td><td>4,470</td><td>207</td><td>2</td><td>16</td><td>18</td><td>4</td></tr><tr><td>Apr. 30.</td><td>2,918</td><td>72</td><td>20</td><td>17</td><td>4</td><td>-</td><td>20</td><td>45</td><td>524</td><td>8</td><td>710</td><td>2,061</td><td>132</td><td>-</td><td>11</td><td>11</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>Apr. 9.</td><td>2,416</td><td>192</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>20</td><td>70</td><td>31</td><td>316</td><td>1,896</td><td>190</td><td>-</td><td>13</td><td>13</td><td>1</td></tr><tr><td>Apr. 16.</td><td>760</td><td>19</td><td>1</td><td>1</td><td>-</td><td>1</td><td>-</td><td>-</td><td>50</td><td>27</td><td>99</td><td>425</td><td>213</td><td>21</td><td>2</td><td>23</td><td>-</td></tr><tr><td>Apr. 23.</td><td>632</td><td>170</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>72</td><td>26</td><td>272</td><td>117</td><td>242</td><td>-</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Apr. 30.</td><td>1,089</td><td>120</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>113</td><td>34</td><td>272</td><td>631</td><td>167</td><td>3</td><td>2</td><td>5</td><td>14</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>Apr. 9.</td><td>559</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>11</td><td>542</td><td>-</td><td>-</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Apr. 16.</td><td>373</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>360</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>Apr. 23.</td><td>746</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>3</td><td>738</td><td>3</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,928</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,925</td><td>-</td><td>-</td><td>3</td><td>3</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>Apr. 9.</td><td>26</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>20</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>3</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</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>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>Apr. 9.</td><td>70</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>70</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>199</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>199</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>221</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>221</td><td>-</td><td>-</td><td>-</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>Apr. 9.</td><td>463</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>5</td><td>452</td><td>-</td><td>-</td><td>6</td><td>6</td><td>-</td></tr><tr><td>Apr. 16.</td><td>352</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>349</td><td>-</td><td>-</td><td>13</td><td>13</td><td>-</td></tr><tr><td>Apr. 23.</td><td>544</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>1</td><td>518</td><td>3</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,705</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,702</td><td>-</td><td>-</td><td>3</td><td>3</td><td>-</td></tr></table>
(Continued on following page)
62
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for April 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>Nether-lande</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL 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>Apr. 9.</td><td>594</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>6</td><td>-</td><td>9</td><td>576</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>282</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>6</td><td>-</td><td>7</td><td>259</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>795</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td><td>38</td><td>753</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>784</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76</td><td>-</td><td>76</td><td>707</td><td>1</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>Apr. 9.</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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. 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</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>Apr. 23.</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</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>Apr. 9.</td><td>510</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>6</td><td>-</td><td>9</td><td>492</td><td>9</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>272</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>6</td><td>-</td><td>7</td><td>249</td><td>16</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>789</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38</td><td>-</td><td>38</td><td>747</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>746</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76</td><td>-</td><td>76</td><td>669</td><td>1</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 April 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>Apr. 9</td><td>25,463</td><td>2,078</td><td>1,182</td><td>522</td><td>20</td><td>41</td><td>511</td><td>262</td><td>1,042</td><td>1,341</td><td>6,999</td><td>9,647</td><td>6,156</td><td>90</td><td>2,352</td><td>2,442</td><td>219</td></tr><tr><td>Apr. 16</td><td>24,498</td><td>1,344</td><td>1,207</td><td>524</td><td>11</td><td>22</td><td>509</td><td>260</td><td>1,167</td><td>1,327</td><td>6,371</td><td>9,511</td><td>5,939</td><td>90</td><td>2,374</td><td>2,464</td><td>213</td></tr><tr><td>Apr. 23</td><td>24,594</td><td>1,884</td><td>1,218</td><td>512</td><td>4</td><td>21</td><td>508</td><td>253</td><td>1,073</td><td>1,347</td><td>6,820</td><td>9,517</td><td>5,663</td><td>83</td><td>2,290</td><td>2,373</td><td>221</td></tr><tr><td>Apr. 30</td><td>24,733</td><td>1,872</td><td>1,227</td><td>517</td><td>4</td><td>19</td><td>504</td><td>253</td><td>999</td><td>1,594</td><td>6,989</td><td>9,619</td><td>5,651</td><td>82</td><td>2,174</td><td>2,256</td><td>218</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>Apr. 9</td><td>45,444</td><td>3,316</td><td>6,255</td><td>1,064</td><td>39</td><td>36</td><td>8,021</td><td>100</td><td>9,871</td><td>1,225</td><td>29,927</td><td>1,893</td><td>10,387</td><td>128</td><td>2,242</td><td>2,370</td><td>857</td></tr><tr><td>Apr. 16</td><td>46,004</td><td>3,106</td><td>6,283</td><td>1,043</td><td>40</td><td>36</td><td>8,042</td><td>99</td><td>10,126</td><td>1,303</td><td>30,078</td><td>1,849</td><td>10,824</td><td>152</td><td>2,252</td><td>2,404</td><td>849</td></tr><tr><td>Apr. 23</td><td>45,921</td><td>2,604</td><td>6,213</td><td>1,093</td><td>33</td><td>38</td><td>8,105</td><td>97</td><td>10,105</td><td>1,442</td><td>29,730</td><td>1,977</td><td>10,767</td><td>129</td><td>2,545</td><td>2,674</td><td>773</td></tr><tr><td>Apr. 30</td><td>45,806</td><td>2,549</td><td>6,234</td><td>1,075</td><td>36</td><td>38</td><td>8,159</td><td>110</td><td>10,105</td><td>1,292</td><td>29,598</td><td>1,906</td><td>10,671</td><td>126</td><td>2,842</td><td>2,968</td><td>663</td></tr></table>
63
Security Transactions in Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for April 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 IN THE UNITED STATES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>493</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>469</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>233</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>50</td><td>171</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>216</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>29</td><td>149</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,180</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>1,116</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Purchases of domestic securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Stocks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</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>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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. 23.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>-</td><td>3</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Bonds:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 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><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>50</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>24</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Purchases of foreign securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>490</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>469</td><td>21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>183</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>171</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>192</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>5</td><td>149</td><td>38</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,175</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>17</td><td>1,116</td><td>42</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>TOTAL SALES IN THE UNITED STATES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>384</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>379</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>199</td><td>52</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>54</td><td>145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>224</td><td>26</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>33</td><td>191</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,167</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1,166</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Sales of domestic securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><b>Stocks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</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. 16.</td><td>3</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</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>Apr. 23.</td><td>10</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Bonds:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 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><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</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. 23.</td><td>23</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>Sales of foreign securities:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>383</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>379</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 16.</td><td>196</td><td>51</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>51</td><td>145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23.</td><td>191</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>191</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 30.</td><td>1,167</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>1,166</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
64
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-Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>1940-May 1....</td><td>10,635</td><td>10,496</td><td>139</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>8....</td><td>10,392</td><td>11,665</td><td>-1,273</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>15....</td><td>16,102</td><td>15,075</td><td>1,027</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>22....</td><td>19,019</td><td>22,819</td><td>-3,800</td></tr><tr><td>Feb. 2....</td><td>20,255</td><td>18,017</td><td>2,238</td><td>29....</td><td>29,386</td><td>23,209</td><td>6,177</td><td>29....</td><td>17,043</td><td>24,823</td><td>-7,780</td></tr><tr><td>9....</td><td>13,626</td><td>18,587</td><td>-4,961</td><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td>June 5....</td><td>18,498</td><td>5,928</td><td>12,570</td></tr><tr><td>16....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td>12....</td><td>9,678</td><td>6,598</td><td>3,080</td></tr><tr><td>23....</td><td>11,021</td><td>11,833</td><td>-812</td><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td>19....</td><td>9,996</td><td>12,611</td><td>-2,615</td></tr><tr><td>Mar. 2....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>26....</td><td>19,851</td><td>18,524</td><td>1,327</td><td>26....</td><td>5,034</td><td>17,189</td><td>-12,155</td></tr><tr><td>9....</td><td>12,462</td><td>11,806</td><td>656</td><td>May 3....</td><td>19,699</td><td>10,723</td><td>8,976</td><td>July 3....</td><td>4,228</td><td>14,682</td><td>-10,454</td></tr><tr><td>16....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>10....</td><td>13,402</td><td>15,120</td><td>-1,718</td><td>10....</td><td>2,434</td><td>10,607</td><td>-8,173</td></tr><tr><td>23....</td><td>18,619</td><td>17,759</td><td>860</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td><td>17....</td><td>2,135</td><td>12,921</td><td>-10,786</td></tr><tr><td>30....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td>24....</td><td>7,908</td><td>6,892</td><td>1,016</td></tr><tr><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td><td>31....</td><td>3,826</td><td>7,391</td><td>-3,565</td></tr><tr><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>June 7....</td><td>14,902</td><td>13,522</td><td>1,380</td><td>Aug. 7....</td><td>6,171</td><td>6,131</td><td>40</td></tr><tr><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td><td>14....</td><td>3,002</td><td>17,682</td><td>-14,680</td></tr><tr><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td><td>21....</td><td>2,294</td><td>4,844</td><td>-2,550</td></tr><tr><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>28....</td><td>11,127</td><td>16,353</td><td>-5,226</td><td>28....</td><td>2,244</td><td>6,914</td><td>-4,670</td></tr><tr><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>July 5....</td><td>17,512</td><td>13,128</td><td>4,384</td><td>Sept. 4....</td><td>4,376</td><td>5,336</td><td>-960</td></tr><tr><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td>7....</td><td>7,832</td><td>12,749</td><td>-4,917</td><td>11....</td><td>11,425</td><td>9,138</td><td>2,287</td></tr><tr><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>12....</td><td>16,348</td><td>24,653</td><td>-8,305</td><td>18....</td><td>11,601</td><td>6,218</td><td>5,383</td></tr><tr><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>26....</td><td>28,125</td><td>28,866</td><td>-741</td><td>25....</td><td>18,590</td><td>21,963</td><td>-3,373</td></tr><tr><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td><td>Oct. 2....</td><td>6,1145</td><td>13,198</td><td>-7,053</td></tr><tr><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td><td>9....</td><td>6,873</td><td>10,898</td><td>-4,025</td></tr><tr><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td><td>16....</td><td>7,799</td><td>13,860</td><td>-6,061</td></tr><tr><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td><td>23....</td><td>6,437</td><td>15,114</td><td>-8,677</td></tr><tr><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>30....</td><td>20,453</td><td>19,904</td><td>549</td><td>30....</td><td>8,300</td><td>13,304</td><td>-5,004</td></tr><tr><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td><td>Nov. 6....</td><td>11,258</td><td>13,671</td><td>-2,413</td></tr><tr><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>13....</td><td>52,564</td><td>42,611</td><td>9,953</td><td>13....</td><td>14,583</td><td>14,921</td><td>-338</td></tr><tr><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>20....</td><td>33,127</td><td>40,019</td><td>-6,892</td><td>20....</td><td>8,466</td><td>13,664</td><td>-5,198</td></tr><tr><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td><td>27....</td><td>5,116</td><td>14,143</td><td>-9,027</td></tr><tr><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>Oct. 4....</td><td>16,932</td><td>29,373</td><td>-12,441</td><td>Dec. 4....</td><td>4,752</td><td>9,770</td><td>-5,018</td></tr><tr><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>11....</td><td>19,364</td><td>22,395</td><td>-3,031</td><td>11....</td><td>5,870</td><td>6,791</td><td>-921</td></tr><tr><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>18....</td><td>17,162</td><td>18,811</td><td>-1,649</td><td>18....</td><td>11,556</td><td>12,803</td><td>-1,247</td></tr><tr><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>25....</td><td>17,784</td><td>29,487</td><td>-11,703</td><td>25....</td><td>5,163</td><td>8,394</td><td>-3,231</td></tr><tr><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>Nov. 1....</td><td>20,228</td><td>25,120</td><td>-4,892</td><td>1941-Jan. 1....</td><td>5,771</td><td>6,172</td><td>-401</td></tr><tr><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>8....</td><td>14,648</td><td>20,862</td><td>-6,214</td><td>8....</td><td>3,987</td><td>11,181</td><td>-7,194</td></tr><tr><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>15....</td><td>17,464</td><td>23,674</td><td>-6,210</td><td>15....</td><td>5,376</td><td>11,326</td><td>-5,950</td></tr><tr><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>22....</td><td>15,175</td><td>15,666</td><td>-491</td><td>22....</td><td>5,076</td><td>10,715</td><td>-5,639</td></tr><tr><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>29....</td><td>14,267</td><td>13,367</td><td>900</td><td>29....</td><td>9,670</td><td>13,986</td><td>-4,316</td></tr><tr><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>Dec. 6....</td><td>10,824</td><td>15,064</td><td>-4,240</td><td>Feb. 5....</td><td>8,148</td><td>12,174</td><td>-4,026</td></tr><tr><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>13....</td><td>16,774</td><td>16,437</td><td>337</td><td>12....</td><td>4,674</td><td>6,842</td><td>-2,168</td></tr><tr><td>26....</td><td>45,646</td><td>33,412</td><td>12,232</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td><td>19....</td><td>5,651</td><td>8,052</td><td>-2,401</td></tr><tr><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td><td>26....</td><td>7,915</td><td>10,579</td><td>-2,664</td></tr><tr><td>9....</td><td>26,885</td><td>25,402</td><td>1,483</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>4,100</td><td>Mar. 5....</td><td>6,684</td><td>6,923</td><td>-239</td></tr><tr><td>16....</td><td>43,426</td><td>38,193</td><td>5,233</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td><td>12....</td><td>5,246</td><td>8,699</td><td>-3,453</td></tr><tr><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>17....</td><td>15,309</td><td>21,266</td><td>-5,957</td><td>19....</td><td>10,613</td><td>11,900</td><td>-1,287</td></tr><tr><td>30....</td><td>30,735</td><td>28,197</td><td>2,538</td><td>24....</td><td>9,969</td><td>13,686</td><td>-3,717</td><td>26....</td><td>9,473</td><td>10,424</td><td>-951</td></tr><tr><td>Dec. 7....</td><td>29,389</td><td>23,352</td><td>6,037</td><td>31....</td><td>9,192</td><td>10,056</td><td>-864</td><td>Apr. 2....</td><td>9,368</td><td>9,150</td><td>218</td></tr><tr><td>14....</td><td>20,646</td><td>28,398</td><td>-7,752</td><td>Feb. 7....</td><td>9,307</td><td>10,094</td><td>-787</td><td>9....</td><td>5,651</td><td>6,274</td><td>-623</td></tr><tr><td>21....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>14....</td><td>11,506</td><td>11,024</td><td>482</td><td>16....</td><td>3,786</td><td>5,014</td><td>-1,228</td></tr><tr><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>21....</td><td>13,462</td><td>12,194</td><td>1,268</td><td>23....</td><td>5,862</td><td>9,887</td><td>-4,025</td></tr><tr><td></td><td></td><td></td><td></td><td>28....</td><td>14,835</td><td>13,520</td><td>1,315</td><td>30....</td><td>5,611</td><td>5,778</td><td>-167</td></tr><tr><td>1939-Jan. 4....</td><td>25,525</td><td>24,960</td><td>569</td><td>Mar. 6....</td><td>11,723</td><td>13,056</td><td>-1,333</td><td></td><td></td><td></td><td></td></tr><tr><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>13....</td><td>11,518</td><td>14,911</td><td>-3,393</td><td></td><td></td><td></td><td></td></tr><tr><td>18....</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>20....</td><td>11,217</td><td>12,777</td><td>-1,560</td><td></td><td></td><td></td><td></td></tr><tr><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>27....</td><td>6,176</td><td>9,009</td><td>-2,833</td><td></td><td></td><td></td><td></td></tr><tr><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>Apr. 3....</td><td>12,778</td><td>16,316</td><td>-3,538</td><td></td><td></td><td></td><td></td></tr><tr><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>10....</td><td>19,870</td><td>21,064</td><td>-1,194</td><td></td><td></td><td></td><td></td></tr><tr><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>17....</td><td>16,998</td><td>14,067</td><td>2,931</td><td></td><td></td><td></td><td></td></tr><tr><td>22....</td><td>16,502</td><td>14,868</td><td>1,634</td><td>24....</td><td>16,284</td><td>17,826</td><td>-1,542</td><td></td><td></td><td></td><td></td></tr></table>
1/ Includes transactions executed in the United States for foreign account, executed abroad for domestic account, and transactions in joint foreign arbitrage accounts as reported by banks, bankers, brokers, and dealers in the United States.
FOREIGN PURCHASES AND SALES OF U.S. DOMESTIC SECURITIES
Weekly
65
66
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for April 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>Apr. 9 Spot.....</td><td>15,201</td><td>6,083</td><td>54</td><td>-</td><td>226</td><td>909</td><td>12</td><td>404</td><td>2,442</td><td>88</td><td>10,218</td><td>1,491</td><td>536</td><td>1,479</td><td>888</td><td>2,367</td><td>589</td></tr><tr><td>Apr. 9 Forward...</td><td>5,737</td><td>2,290</td><td>1</td><td>-</td><td>1</td><td>26</td><td>-</td><td>-</td><td>34</td><td>-</td><td>2,352</td><td>2,544</td><td>2</td><td>693</td><td>146</td><td>839</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>12,090</td><td>3,775</td><td>198</td><td>4</td><td>109</td><td>594</td><td>18</td><td>145</td><td>2,502</td><td>120</td><td>7,465</td><td>1,589</td><td>752</td><td>916</td><td>788</td><td>1,704</td><td>580</td></tr><tr><td>Apr. 16 Forward...</td><td>3,011</td><td>1,757</td><td>4</td><td>-</td><td>-</td><td>6</td><td>-</td><td>2</td><td>-</td><td>-</td><td>1,769</td><td>913</td><td>35</td><td>129</td><td>165</td><td>294</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>12,422</td><td>3,829</td><td>47</td><td>76</td><td>195</td><td>638</td><td>10</td><td>107</td><td>2,184</td><td>74</td><td>7,150</td><td>1,595</td><td>586</td><td>1,381</td><td>1,029</td><td>2,410</td><td>681</td></tr><tr><td>Apr. 23 Forward...</td><td>4,142</td><td>2,059</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>1</td><td>2,085</td><td>1,322</td><td>-</td><td>487</td><td>248</td><td>735</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>14,994</td><td>4,824</td><td>211</td><td>11</td><td>100</td><td>623</td><td>-</td><td>121</td><td>1,554</td><td>132</td><td>7,576</td><td>3,052</td><td>704</td><td>1,097</td><td>1,544</td><td>2,641</td><td>1,021</td></tr><tr><td>Apr. 30 Forward...</td><td>5,394</td><td>3,356</td><td>3</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>3,376</td><td>1,235</td><td>-</td><td>324</td><td>459</td><td>783</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>Apr. 9 Spot.....</td><td>11,364</td><td>4,081</td><td>28</td><td>-</td><td>205</td><td>792</td><td>-</td><td>358</td><td>2,308</td><td>74</td><td>7,846</td><td>942</td><td>452</td><td>1,193</td><td>859</td><td>2,052</td><td>72</td></tr><tr><td>Apr. 9 Forward...</td><td>3,925</td><td>480</td><td>1</td><td>-</td><td>1</td><td>26</td><td>-</td><td>-</td><td>34</td><td>-</td><td>542</td><td>2,544</td><td>2</td><td>693</td><td>144</td><td>837</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>8,579</td><td>2,490</td><td>172</td><td>4</td><td>72</td><td>510</td><td>17</td><td>132</td><td>2,333</td><td>107</td><td>5,737</td><td>700</td><td>649</td><td>650</td><td>766</td><td>1,416</td><td>77</td></tr><tr><td>Apr. 16 Forward...</td><td>2,051</td><td>834</td><td>14</td><td>-</td><td>-</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>844</td><td>913</td><td>-</td><td>129</td><td>165</td><td>294</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>8,613</td><td>2,814</td><td>36</td><td>51</td><td>182</td><td>503</td><td>-</td><td>92</td><td>1,430</td><td>51</td><td>5,159</td><td>839</td><td>390</td><td>1,178</td><td>966</td><td>2,144</td><td>81</td></tr><tr><td>Apr. 23 Forward...</td><td>2,670</td><td>804</td><td>-</td><td>-</td><td>-</td><td>10</td><td>-</td><td>-</td><td>15</td><td>1</td><td>830</td><td>1,322</td><td>-</td><td>270</td><td>248</td><td>518</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>9,824</td><td>2,655</td><td>110</td><td>-</td><td>76</td><td>569</td><td>-</td><td>108</td><td>1,327</td><td>74</td><td>4,919</td><td>1,786</td><td>596</td><td>942</td><td>1,397</td><td>2,339</td><td>184</td></tr><tr><td>Apr. 30 Forward...</td><td>4,351</td><td>2,320</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>16</td><td>-</td><td>2,337</td><td>1,231</td><td>-</td><td>324</td><td>459</td><td>783</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>Apr. 9 Spot.....</td><td>3,837</td><td>2,002</td><td>26</td><td>-</td><td>21</td><td>117</td><td>12</td><td>46</td><td>134</td><td>14</td><td>2,372</td><td>549</td><td>84</td><td>286</td><td>29</td><td>315</td><td>517</td></tr><tr><td>Apr. 9 Forward...</td><td>1,812</td><td>1,810</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,810</td><td>-</td><td>-</td><td>-</td><td>2</td><td>2</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>3,511</td><td>1,285</td><td>26</td><td>-</td><td>37</td><td>84</td><td>1</td><td>13</td><td>269</td><td>13</td><td>1,728</td><td>889</td><td>103</td><td>266</td><td>22</td><td>288</td><td>503</td></tr><tr><td>Apr. 16 Forward...</td><td>960</td><td>923</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>-</td><td>-</td><td>925</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>3,809</td><td>1,015</td><td>11</td><td>25</td><td>13</td><td>135</td><td>-</td><td>15</td><td>754</td><td>23</td><td>1,991</td><td>756</td><td>196</td><td>203</td><td>63</td><td>266</td><td>600</td></tr><tr><td>Apr. 23 Forward...</td><td>1,472</td><td>1,255</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,255</td><td>-</td><td>-</td><td>217</td><td>-</td><td>217</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>5,170</td><td>2,169</td><td>101</td><td>11</td><td>24</td><td>54</td><td>-</td><td>13</td><td>227</td><td>58</td><td>2,657</td><td>1,266</td><td>108</td><td>155</td><td>147</td><td>302</td><td>837</td></tr><tr><td>Apr. 30 Forward...</td><td>1,043</td><td>1,036</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,039</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td><b>TOTAL SALES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9 Spot.....</td><td>16,965</td><td>7,606</td><td>77</td><td>3</td><td>237</td><td>1,008</td><td>4</td><td>395</td><td>2,351</td><td>124</td><td>11,805</td><td>1,704</td><td>457</td><td>1,509</td><td>1,097</td><td>2,606</td><td>393</td></tr><tr><td>Apr. 9 Forward...</td><td>4,749</td><td>1,893</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>1,898</td><td>2,514</td><td>18</td><td>318</td><td>1</td><td>319</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>12,013</td><td>3,739</td><td>161</td><td>5</td><td>126</td><td>663</td><td>4</td><td>184</td><td>2,380</td><td>141</td><td>7,403</td><td>1,711</td><td>769</td><td>878</td><td>953</td><td>1,831</td><td>299</td></tr><tr><td>Apr. 16 Forward...</td><td>2,957</td><td>1,684</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>1,690</td><td>922</td><td>37</td><td>300</td><td>8</td><td>308</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>12,318</td><td>4,231</td><td>226</td><td>1</td><td>179</td><td>603</td><td>1</td><td>105</td><td>2,365</td><td>84</td><td>7,795</td><td>1,401</td><td>531</td><td>906</td><td>1,131</td><td>2,037</td><td>554</td></tr><tr><td>Apr. 23 Forward...</td><td>4,107</td><td>1,899</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,899</td><td>1,359</td><td>11</td><td>813</td><td>25</td><td>838</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>14,939</td><td>5,200</td><td>173</td><td>10</td><td>110</td><td>569</td><td>6</td><td>107</td><td>1,548</td><td>132</td><td>7,255</td><td>2,693</td><td>705</td><td>1,156</td><td>1,935</td><td>3,091</td><td>595</td></tr><tr><td>Apr. 30 Forward...</td><td>5,018</td><td>3,321</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>3,335</td><td>1,350</td><td>-</td><td>317</td><td>16</td><td>333</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>Apr. 9 Spot.....</td><td>6,049</td><td>2,041</td><td>9</td><td>-</td><td>108</td><td>465</td><td>-</td><td>101</td><td>1,037</td><td>20</td><td>3,781</td><td>807</td><td>214</td><td>855</td><td>124</td><td>979</td><td>268</td></tr><tr><td>Apr. 9 Forward...</td><td>1,901</td><td>1,538</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,538</td><td>31</td><td>16</td><td>316</td><td>-</td><td>316</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>5,113</td><td>915</td><td>85</td><td>-</td><td>26</td><td>335</td><td>-</td><td>86</td><td>1,469</td><td>29</td><td>2,945</td><td>1,075</td><td>465</td><td>268</td><td>176</td><td>444</td><td>184</td></tr><tr><td>Apr. 16 Forward...</td><td>1,339</td><td>931</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>937</td><td>71</td><td>35</td><td>293</td><td>3</td><td>296</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>5,100</td><td>1,006</td><td>20</td><td>-</td><td>57</td><td>330</td><td>-</td><td>30</td><td>1,928</td><td>8</td><td>3,379</td><td>595</td><td>200</td><td>258</td><td>188</td><td>456</td><td>470</td></tr><tr><td>Apr. 23 Forward...</td><td>2,143</td><td>1,271</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,271</td><td>46</td><td>10</td><td>812</td><td>4</td><td>816</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>6,769</td><td>1,915</td><td>84</td><td>10</td><td>25</td><td>298</td><td>5</td><td>74</td><td>1,083</td><td>38</td><td>3,532</td><td>1,522</td><td>229</td><td>463</td><td>535</td><td>998</td><td>388</td></tr><tr><td>Apr. 30 Forward...</td><td>1,520</td><td>1,037</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>13</td><td>-</td><td>1,051</td><td>262</td><td>-</td><td>305</td><td>2</td><td>307</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>Apr. 9 Spot.....</td><td>10,916</td><td>5,565</td><td>68</td><td>3</td><td>129</td><td>543</td><td>4</td><td>294</td><td>1,314</td><td>104</td><td>8,024</td><td>897</td><td>243</td><td>654</td><td>973</td><td>1,627</td><td>125</td></tr><tr><td>Apr. 9 Forward...</td><td>2,848</td><td>355</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>360</td><td>2,483</td><td>2</td><td>2</td><td>1</td><td>3</td><td>-</td></tr><tr><td>Apr. 16 Spot.....</td><td>6,900</td><td>2,824</td><td>76</td><td>5</td><td>100</td><td>328</td><td>4</td><td>98</td><td>911</td><td>112</td><td>4,458</td><td>636</td><td>304</td><td>610</td><td>777</td><td>1,387</td><td>115</td></tr><tr><td>Apr. 16 Forward...</td><td>1,618</td><td>753</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>753</td><td>851</td><td>2</td><td>7</td><td>5</td><td>12</td><td>-</td></tr><tr><td>Apr. 23 Spot.....</td><td>7,218</td><td>3,225</td><td>206</td><td>1</td><td>122</td><td>273</td><td>1</td><td>75</td><td>437</td><td>76</td><td>4,416</td><td>806</td><td>331</td><td>638</td><td>943</td><td>1,581</td><td>84</td></tr><tr><td>Apr. 23 Forward...</td><td>1,964</td><td>628</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>628</td><td>1,313</td><td>1</td><td>1</td><td>21</td><td>22</td><td>-</td></tr><tr><td>Apr. 30 Spot.....</td><td>8,170</td><td>3,285</td><td>89</td><td>-</td><td>85</td><td>271</td><td>1</td><td>33</td><td>465</td><td>94</td><td>4,323</td><td>1,071</td><td>476</td><td>693</td><td>1,400</td><td>2,093</td><td>207</td></tr><tr><td>Apr. 30 Forward...</td><td>3,398</td><td>2,284</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,284</td><td>1,088</td><td>-</td><td>12</td><td>14</td><td>26</td><td>-</td></tr></table>
67
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during April 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 Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>33,553</td><td>18,360</td><td>162</td><td>560</td><td>-</td><td>5</td><td>460</td><td>-</td><td>44</td><td>3</td><td>19,594</td><td>10,035</td><td>1,671</td><td>1,222</td><td>1,031</td><td>2,253</td><td>-</td></tr><tr><td>Apr. 16.</td><td>33,469</td><td>17,931</td><td>214</td><td>560</td><td>-</td><td>5</td><td>460</td><td>2</td><td>17</td><td>2</td><td>19,191</td><td>10,520</td><td>1,679</td><td>890</td><td>1,189</td><td>2,079</td><td>-</td></tr><tr><td>Apr. 23.</td><td>34,464</td><td>18,504</td><td>172</td><td>560</td><td>-</td><td>14</td><td>460</td><td>-</td><td>26</td><td>1</td><td>19,797</td><td>10,619</td><td>1,611</td><td>1,006</td><td>1,431</td><td>2,437</td><td>-</td></tr><tr><td>Apr. 30.</td><td>35,376</td><td>20,397</td><td>103</td><td>550</td><td>1</td><td>5</td><td>460</td><td>-</td><td>32</td><td>1</td><td>21,549</td><td>10,310</td><td>1,610</td><td>917</td><td>990</td><td>1,907</td><td>-</td></tr><tr><td>Contracts for purchases from foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>17,795</td><td>7,313</td><td>26</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>16</td><td>-</td><td>7,888</td><td>7,160</td><td>1,290</td><td>443</td><td>1,014</td><td>1,457</td><td>-</td></tr><tr><td>Apr. 16.</td><td>17,904</td><td>6,906</td><td>78</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>16</td><td>-</td><td>7,533</td><td>7,709</td><td>1,256</td><td>228</td><td>1,178</td><td>1,406</td><td>-</td></tr><tr><td>Apr. 23.</td><td>19,702</td><td>8,096</td><td>61</td><td>314</td><td>-</td><td>1</td><td>218</td><td>-</td><td>16</td><td>-</td><td>8,706</td><td>8,027</td><td>1,206</td><td>345</td><td>1,418</td><td>1,763</td><td>-</td></tr><tr><td>Apr. 30.</td><td>19,991</td><td>9,097</td><td>8</td><td>314</td><td>1</td><td>1</td><td>218</td><td>-</td><td>19</td><td>-</td><td>9,658</td><td>7,833</td><td>1,206</td><td>315</td><td>979</td><td>1,294</td><td>-</td></tr><tr><td>Contracts for purchases from domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>15,758</td><td>11,047</td><td>136</td><td>246</td><td>-</td><td>4</td><td>242</td><td>-</td><td>28</td><td>3</td><td>11,706</td><td>2,875</td><td>381</td><td>779</td><td>17</td><td>796</td><td>-</td></tr><tr><td>Apr. 16.</td><td>15,565</td><td>11,025</td><td>136</td><td>246</td><td>-</td><td>4</td><td>242</td><td>2</td><td>1</td><td>2</td><td>11,658</td><td>2,811</td><td>423</td><td>662</td><td>11</td><td>673</td><td>-</td></tr><tr><td>Apr. 23.</td><td>14,762</td><td>10,468</td><td>111</td><td>246</td><td>-</td><td>13</td><td>242</td><td>-</td><td>10</td><td>1</td><td>11,091</td><td>2,592</td><td>405</td><td>661</td><td>13</td><td>674</td><td>-</td></tr><tr><td>Apr. 30.</td><td>15,385</td><td>11,300</td><td>95</td><td>236</td><td>-</td><td>4</td><td>242</td><td>-</td><td>13</td><td>1</td><td>11,891</td><td>2,477</td><td>404</td><td>602</td><td>11</td><td>613</td><td>-</td></tr><tr><td>TOTAL SALES CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>35,411</td><td>18,321</td><td>110</td><td>780</td><td>-</td><td>26</td><td>1,211</td><td>14</td><td>5</td><td>4</td><td>20,471</td><td>10,196</td><td>1,549</td><td>3,134</td><td>58</td><td>3,192</td><td>3</td></tr><tr><td>Apr. 16.</td><td>35,723</td><td>18,193</td><td>161</td><td>781</td><td>-</td><td>26</td><td>1,211</td><td>14</td><td>11</td><td>3</td><td>20,400</td><td>10,660</td><td>1,561</td><td>3,020</td><td>63</td><td>3,083</td><td>19</td></tr><tr><td>Apr. 23.</td><td>36,504</td><td>18,864</td><td>144</td><td>711</td><td>-</td><td>26</td><td>1,211</td><td>14</td><td>11</td><td>2</td><td>20,983</td><td>10,794</td><td>1,467</td><td>3,163</td><td>81</td><td>3,244</td><td>16</td></tr><tr><td>Apr. 30.</td><td>36,565</td><td>20,637</td><td>69</td><td>705</td><td>1</td><td>26</td><td>1,211</td><td>14</td><td>18</td><td>2</td><td>22,683</td><td>10,501</td><td>1,461</td><td>1,823</td><td>78</td><td>1,901</td><td>19</td></tr><tr><td>Contracts for sale to foreign customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>17,305</td><td>10,207</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>14</td><td>-</td><td>-</td><td>11,663</td><td>2,571</td><td>1,241</td><td>1,830</td><td>-</td><td>1,830</td><td>-</td></tr><tr><td>Apr. 16.</td><td>17,423</td><td>10,276</td><td>-</td><td>700</td><td>-</td><td>-</td><td>742</td><td>14</td><td>6</td><td>-</td><td>11,738</td><td>2,571</td><td>1,283</td><td>1,830</td><td>1</td><td>1,831</td><td>-</td></tr><tr><td>Apr. 23.</td><td>17,469</td><td>10,453</td><td>-</td><td>630</td><td>-</td><td>-</td><td>742</td><td>14</td><td>6</td><td>-</td><td>11,845</td><td>2,345</td><td>1,247</td><td>2,030</td><td>2</td><td>2,032</td><td>-</td></tr><tr><td>Apr. 30.</td><td>15,998</td><td>10,524</td><td>-</td><td>630</td><td>-</td><td>-</td><td>742</td><td>14</td><td>13</td><td>-</td><td>11,923</td><td>2,083</td><td>1,248</td><td>744</td><td>-</td><td>744</td><td>-</td></tr><tr><td>Contracts for sale to domestic customers:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 9.</td><td>18,106</td><td>8,114</td><td>110</td><td>80</td><td>-</td><td>26</td><td>469</td><td>-</td><td>5</td><td>4</td><td>8,808</td><td>7,625</td><td>308</td><td>1,304</td><td>58</td><td>1,362</td><td>3</td></tr><tr><td>Apr. 16.</td><td>18,300</td><td>7,917</td><td>161</td><td>81</td><td>-</td><td>26</td><td>469</td><td>-</td><td>5</td><td>3</td><td>8,662</td><td>8,089</td><td>278</td><td>1,190</td><td>62</td><td>1,252</td><td>19</td></tr><tr><td>Apr. 23.</td><td>19,035</td><td>8,411</td><td>144</td><td>81</td><td>-</td><td>26</td><td>469</td><td>-</td><td>5</td><td>2</td><td>9,138</td><td>8,449</td><td>220</td><td>1,133</td><td>79</td><td>1,212</td><td>16</td></tr><tr><td>Apr. 30.</td><td>20,567</td><td>10,113</td><td>69</td><td>75</td><td>1</td><td>26</td><td>469</td><td>-</td><td>5</td><td>2</td><td>10,760</td><td>8,418</td><td>213</td><td>1,079</td><td>78</td><td>1,157</td><td>19</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for April 1941
In thousands of dollars. Long position (+) or short position (-)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="13">Currency of:</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Nether-lands</th><th>Sweden</th><th>Swit-zerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin Amer-ica</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All Other</th></tr><tr><td>Apr. 9</td><td>-7,269</td><td>-949</td><td>-191</td><td>-782</td><td>-24</td><td>-233</td><td>-1,692</td><td>-8</td><td>55</td><td>-266</td><td>-4,390</td><td>504</td><td>-351</td><td>-1,531</td><td>-1,485</td><td>-3,016</td><td>-16</td></tr><tr><td>Apr. 16</td><td>-7,160</td><td>-628</td><td>-143</td><td>-781</td><td>-40</td><td>-300</td><td>-1,678</td><td>-43</td><td>166</td><td>-288</td><td>-4,035</td><td>342</td><td>-386</td><td>-1,633</td><td>-1,519</td><td>-3,152</td><td>71</td></tr><tr><td>Apr. 23</td><td>-7,008</td><td>-512</td><td>-629</td><td>-703</td><td>-20</td><td>-250</td><td>-1,673</td><td>-42</td><td>-6</td><td>-293</td><td>-4,128</td><td>518</td><td>-375</td><td>-1,470</td><td>-1,388</td><td>-2,858</td><td>-165</td></tr><tr><td>Apr. 30</td><td>-6,738</td><td>-553</td><td>-582</td><td>-702</td><td>-31</td><td>-202</td><td>-1,680</td><td>-31</td><td>1</td><td>-288</td><td>-4,068</td><td>577</td><td>-380</td><td>-1,512</td><td>-1,327</td><td>-2,839</td><td>-28</td></tr></table>
GOLD
AND
SILVER
STATISTICS
-68-
69
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Cold Assets</th><th>Gold Certificates 1/</th><th>Gold Reserve against U. S. notes, etc. 2/</th><th>Stabilization Fund 3/</th><th>Gold in General Fund</th></tr><tr><td>1934</td><td>8,238.6</td><td>5,274.0</td><td>156.0</td><td>1,800.0</td><td>1,008.6</td></tr><tr><td>1935</td><td>10,122.9</td><td>7,679.5</td><td>156.0</td><td>1,800.0</td><td>487.4</td></tr><tr><td>1936</td><td>11,257.6</td><td>8,959.6</td><td>156.0</td><td>1,800.0</td><td>341.9</td></tr><tr><td>1937</td><td>12,760.0</td><td>9,212.3</td><td>156.0</td><td>1,800.0</td><td>1,591.6</td></tr><tr><td>1938</td><td>14,511.2</td><td>11,872.8</td><td>156.0</td><td>1,800.0</td><td>682.4</td></tr><tr><td>1939</td><td>17,643.4</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>13,825.4</td><td>156.0</td><td>1,800.0</td><td>213.2</td></tr><tr><td>1940-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>18,262.3</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>22,357.0</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><tr><td>June</td><td>22,624.1</td><td>20,384.5</td><td>156.0</td><td>1,800.0</td><td>283.5</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- lands</th><th>Swit- zerland</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel- gium</th><th>British Indi</th><th>Aus- tralie</th><th>Philip- pine Ielande</th><th>Co- lombie</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>8.9</td><td>76.8</td><td>1.0</td><td>12.0</td><td>16.9</td><td>5.5</td><td>1.4</td><td>16.5</td><td>9.1</td><td>1,132.0</td></tr><tr><td>1935</td><td>315.7</td><td>934.2</td><td>227.2</td><td>1.0</td><td>95.2</td><td>13.7</td><td>-</td><td>-</td><td>75.3</td><td>3.5</td><td>15.3</td><td>10.9</td><td>6.6</td><td>.3</td><td>9.4</td><td>30.7</td><td>1,739.0</td></tr><tr><td>1936</td><td>174.1</td><td>573.7</td><td>71.0</td><td>7.5</td><td>72.6</td><td>40.0</td><td>-</td><td>3.4</td><td>77.9</td><td>23.3</td><td>21.5</td><td>11.9</td><td>7.9</td><td>4.1</td><td>7.9</td><td>19.8</td><td>1,116.6</td></tr><tr><td>1937</td><td>891.5</td><td>-13.7</td><td>6.5</td><td>54.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.8</td><td>34.7</td><td>25.4</td><td>18.4</td><td>9.4</td><td>3.1</td><td>1.6</td><td>15.9</td><td>1,585.5</td></tr><tr><td>1938</td><td>1,208.7</td><td>81.1</td><td>163.0</td><td>1.4</td><td>76.3</td><td>36.5</td><td>168.7</td><td>15.5</td><td>16.2</td><td>39.2</td><td>27.9</td><td>10.6</td><td>8.4</td><td>4.0</td><td>11.7</td><td>104.4</td><td>1,973.6</td></tr><tr><td>1939</td><td>1,826.4</td><td>3.8</td><td>341.6</td><td>87.0</td><td>613.0</td><td>33.6</td><td>165.6</td><td>165.2</td><td>53.3</td><td>74.3</td><td>35.6</td><td>23.2</td><td>10.1</td><td>5.3</td><td>28.1</td><td>108.1</td><td>3,574.2</td></tr><tr><td>1940</td><td>633.0</td><td>241.6</td><td>63.3</td><td>90.2</td><td>2,622.4</td><td>29.7</td><td>111.7</td><td>1.0</td><td>49.9</td><td>103.8</td><td>38.7</td><td>23.9</td><td>10.7</td><td>10.3</td><td>26.4</td><td>688.0</td><td>4,744.6</td></tr><tr><td>1940-June</td><td>128.0</td><td>241.6</td><td>3.7</td><td>2.1</td><td>716.7</td><td>4.2</td><td>3.4</td><td>-</td><td>2.4</td><td>6.6</td><td>3.9</td><td>2.1</td><td>.3</td><td>.6</td><td>1.5</td><td>45.9</td><td>1,163.0</td></tr><tr><td>July</td><td>301.7</td><td>-</td><td>-</td><td>-</td><td>172.3</td><td>1.9</td><td>-</td><td>-</td><td>-</td><td>5.3</td><td>2.8</td><td>5.9</td><td>.8</td><td>1.5</td><td>1.6</td><td>26.2</td><td>520.0</td></tr><tr><td>August</td><td>10.8</td><td>-</td><td>-</td><td>-</td><td>264.3</td><td>10.3</td><td>-</td><td>-</td><td>1.0</td><td>6.7</td><td>3.7</td><td>4.5</td><td>.9</td><td>.5</td><td>3.8</td><td>45.1</td><td>351.6</td></tr><tr><td>September</td><td>3.7</td><td>-</td><td>-</td><td>-</td><td>217.6</td><td>.5</td><td>13.2</td><td>-</td><td>.5</td><td>14.6</td><td>3.8</td><td>2.3</td><td>1.1</td><td>1.1</td><td>2.7</td><td>73.0</td><td>334.1</td></tr><tr><td>October</td><td>1.7</td><td>-</td><td>-</td><td>-</td><td>222.7</td><td>.5</td><td>11.8</td><td>-</td><td>.8</td><td>14.8</td><td>2.7</td><td>-</td><td>.4</td><td>.5</td><td>.6</td><td>69.5</td><td>326.0</td></tr><tr><td>November</td><td>.9</td><td>-</td><td>-</td><td>-</td><td>262.7</td><td>.5</td><td>12.2</td><td>-</td><td>2.2</td><td>14.4</td><td>3.3</td><td>-</td><td>1.0</td><td>.6</td><td>.8</td><td>31.5</td><td>330.1</td></tr><tr><td>December</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>80.4</td><td>.3</td><td>13.3</td><td>-</td><td>7.4</td><td>15.0</td><td>3.3</td><td>2.8</td><td>1.1</td><td>1.2</td><td>.1</td><td>12.2</td><td>137.2</td></tr><tr><td>1941-January</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>46.9</td><td>1.1</td><td>6.1</td><td>-</td><td>4.5</td><td>11.1</td><td>3.2</td><td>3.2</td><td>.5</td><td>1.2</td><td>.8</td><td>155.0 2/</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>.3</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>135.1 3/</td><td>172.0</td></tr><tr><td>May 1/</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 5/</td></tr><tr><td>June 4/</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>17.5</td><td>.8</td><td>-</td><td>-</td><td>.1</td><td>4.6</td><td>2.1</td><td>-</td><td>1.1</td><td>1.3</td><td>-</td><td>2.7</td><td>30.7 5/</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. The figures shown in the table for May and June 1941 for the various countries represent gross imports.
5/ Gross exports amounted to $5,029 in May and to $6,797 in June.
MONETARY STOCKS OF GOLD AND SILVER IN THE UNITED STATES
Gold per Ounce $35.00; Silver per Ounce $1.29
70
71
Monetary Stocks of Gold and Silver
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Gold ($35 per fine ounce)</th><th>Silver ($1.29+ per fine ounce)</th><th>Ratio of silver to gold and silver in monetary stocks</th></tr><tr><td>1934</td><td>7,856.2</td><td>898.2</td><td>10.3</td></tr><tr><td>1935</td><td>9,115.6</td><td>1,463.1</td><td>13.8</td></tr><tr><td>1936</td><td>10,608.4</td><td>2,249.5</td><td>17.5</td></tr><tr><td>1937</td><td>12,318.3</td><td>2,542.1</td><td>17.2</td></tr><tr><td>1938</td><td>12,963.0</td><td>3,066.4</td><td>19.1</td></tr><tr><td>1939</td><td>16,110.1</td><td>3,605.2</td><td>18.3</td></tr><tr><td>1940</td><td>19,963.1</td><td>3,939.6</td><td>16.5</td></tr><tr><td>1940-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>22,357.3</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</td><td>4,135.3</td><td>15.5</td></tr><tr><td>June</td><td>22,624.1 p</td><td>4,140.1 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)
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions of ounces or 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>Subsidiary coin 2/</th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Subsidiary coin 2/</th><th>Bullion for recoinage 2/</th><th>Bullion at cost</th><th></th><th></th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>2</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,806.5</td></tr><tr><td>1938</td><td>1,137.6</td><td>502.7</td><td>3.5</td><td>.2</td><td>535.3</td><td>44.4</td><td>372.8</td><td>3,346.8</td></tr><tr><td>1939</td><td>1,298.2</td><td>499.0</td><td>5.3</td><td>2</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>2</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1940-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>2</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>2</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>2</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>2</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>2</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>2</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>2</td><td>665.5</td><td>53.4</td><td>429.3</td><td>4,120.8</td></tr><tr><td>May</td><td>1,430.0</td><td>493.0</td><td>4.9</td><td>.1</td><td>666.1</td><td>54.1</td><td>434.8</td><td>4,135.3</td></tr><tr><td>June p</td><td>1,435.9</td><td>492.0</td><td>4.0</td><td>2</td><td>665.3</td><td>54.1</td><td>434.8</td><td>4,140.1</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. Preliminary. 1/ Valued at $1.29+ per ounce. 2/ Valued at $1.38+ per ounce.
<table><tr><th>Calendar year or month</th><th colspan="2">Newly mined domestic 1/</th><th colspan="2">National- ized 2/</th><th colspan="2">Foreign 3/</th><th colspan="2">Total</th></tr><tr><th></th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th><th>Own- ces</th><th>Dol- lars</th></tr><tr><td>1934......</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935......</td><td>39.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>194.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936......</td><td>61.1</td><td>47.3</td><td>1.4</td><td>1.2</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-June.</td><td>4.6</td><td>3.6</td><td>-</td><td>-</td><td>6.3</td><td>2.2</td><td>10.9</td><td>5.8</td></tr><tr><td>July.</td><td>5.8</td><td>3.8</td><td>-</td><td>-</td><td>13.4</td><td>4.7</td><td>19.2</td><td>8.5</td></tr><tr><td>Aug.</td><td>4.3</td><td>3.0</td><td>-</td><td>-</td><td>10.4</td><td>3.7</td><td>14.6</td><td>6.7</td></tr><tr><td>Sept.</td><td>4.7</td><td>3.4</td><td>-</td><td>-</td><td>10.3</td><td>3.6</td><td>15.0</td><td>7.0</td></tr><tr><td>Oct.</td><td>7.9</td><td>5.6</td><td>-</td><td>-</td><td>8.0</td><td>2.8</td><td>15.9</td><td>8.4</td></tr><tr><td>Nov.</td><td>6.8</td><td>4.8</td><td>-</td><td>-</td><td>5.6</td><td>2.0</td><td>12.4</td><td>6.8</td></tr><tr><td>Dec.</td><td>7.2</td><td>5.1</td><td>-</td><td>-</td><td>9.0</td><td>3.2</td><td>16.2</td><td>8.3</td></tr><tr><td>1941-Jan.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>7.9</td><td>2.8</td><td>14.4</td><td>7.4</td></tr><tr><td>Feb.</td><td>5.9</td><td>4.2</td><td>-</td><td>-</td><td>4.8</td><td>1.7</td><td>10.7</td><td>5.9</td></tr><tr><td>Mar.</td><td>5.7</td><td>4.1</td><td>-</td><td>-</td><td>6.0</td><td>2.1</td><td>11.7</td><td>6.2</td></tr><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><tr><td>June.</td><td>4.3</td><td>3.1</td><td>-</td><td>-</td><td>6.1</td><td>2.3</td><td>10.4</td><td>5.4</td></tr></table>
1/ Acquired at 64.64+ cents per fine ounce until April 9, 1935; at 71.11+ cente 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.
72
Seigniorage on Silver
(Cumulative from January 1, 1934 - In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver and minor coins</th><th colspan="5">Sources of seigniorage on silver bullion revalued 1/</th><th>Potential seigniorage on silver bullion at cost in General Fund 2/</th></tr><tr><th></th><th></th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Newly-mixed 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 seigniorage on silver revalued</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>132.6</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</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><tr><td>June</td><td>143.5</td><td>48.7</td><td>87.6</td><td>37.1</td><td>570.7</td><td>34.7</td><td>778.8</td><td>1,079.5</td></tr></table>
Basic: 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 1/</th></tr><tr><th></th><th></th><th>United States</th><th>Canada 2/</th><th>Mexico</th><th>Peru</th><th>Other</th><th>Total</th><th>Europe</th><th>Oceania</th><th>Japan 3/</th><th>British India 4/</th><th>Other Asia</th><th>Africa</th></tr><tr><td>1933</td><td>169,159</td><td>22,821</td><td>16,395</td><td>68,101</td><td>6,761</td><td>10,819</td><td>44,261</td><td>14,769</td><td>11,553</td><td>6,680</td><td>6,080</td><td>1,103</td><td>4,076</td></tr><tr><td>1934</td><td>190,398</td><td>32,487</td><td>17,565</td><td>74,145</td><td>10,381</td><td>10,091</td><td>45,730</td><td>14,891</td><td>11,257</td><td>7,863</td><td>5,818</td><td>1,179</td><td>4,722</td></tr><tr><td>1935</td><td>220,704</td><td>45,613</td><td>17,743</td><td>75,589</td><td>17,433</td><td>12,788</td><td>51,538</td><td>17,199</td><td>12,434</td><td>9,706</td><td>5,850</td><td>1,219</td><td>5,130</td></tr><tr><td>1936</td><td>253,696</td><td>63,351</td><td>19,584</td><td>77,464</td><td>19,901</td><td>16,539</td><td>56,858</td><td>19,704</td><td>13,194</td><td>11,670</td><td>5,977</td><td>1,733</td><td>4,580</td></tr><tr><td>1937</td><td>274,538</td><td>71,299</td><td>24,131</td><td>84,681</td><td>16,994</td><td>15,708</td><td>61,725</td><td>21,053</td><td>14,903</td><td>12,451</td><td>6,205</td><td>1,913</td><td>5,200</td></tr><tr><td>1938</td><td>267,765</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-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>23,635</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>20,645 r</td><td>6,499</td><td>1,642</td><td>4,568</td><td>1,500</td><td>1,326 r</td><td>5,110</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1941-January</td><td>24,329 r</td><td>5,733</td><td>1,557</td><td>8,750</td><td>1,550</td><td>1,420 r</td><td>5,319</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February</td><td>23,275</td><td>6,009</td><td>1,357</td><td>7,792</td><td>1,450</td><td>1,365</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>6,339</td><td>5/</td><td>5/</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>5/</td><td>5,843</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. Revised. 1/ Breakdown by countries not available after 1939. 2/ Includes Newfoundland. 3/ Includes Chosen and Talvan. 4/ Includes Burma. 5/ Not yet reported.
73
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>-3,760</td><td>1,550</td><td>3,906</td><td>381</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 1/</td><td>10,915</td><td>41,715</td><td>-4,342</td><td>696</td><td>7,381</td><td>2,858</td></tr><tr><td>1939</td><td>12,381</td><td>-656</td><td>7,078</td><td>31,597</td><td>-4,787</td><td>851</td><td>6,513</td><td>3,178</td></tr><tr><td>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-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>43</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></
<table><tr><th>Calendar year or month</th><th>British Indie</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,725</td><td>4,234</td><td>1,960</td><td>672</td><td>70,677</td></tr><tr><td>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-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 3/</td><td>-</td><td>-</td><td>-</td><td>305</td><td>225</td><td>129 r</td><td>3,347 r 4/</td></tr><tr><td>June 3/</td><td>33</td><td>-</td><td>-</td><td>512</td><td>79</td><td>82</td><td>4,099 4/</td></tr></table>
Source:
U. S. Department of Commerce.
Rovine
1/
Includes net import of $12,950,000 from France.
2/
Includes net import of $9,791,000 from Siam
31
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. The figures shown in the table for May and June 1941 for the various countries represent gross imports.
Gross exports amounted to $614,746 in May and to $209,778 in June.
OTHER
TREASURY
STATISTICS
- 74 -
75
Balance Sheet of the Exchange Stabilization Fund
As of June 30, 1940 and March 31, 1941
<table><tr><th></th><th>June 30, 1940</th><th>March 31, 1941</th></tr><tr><td><b>Assets</b></td><td></td><td></td></tr><tr><td>Cash:</td><td></td><td></td></tr><tr><td>Treasurer of the U. S., gold</td><td>$1,800,000,000.00</td><td>$1,800,000,000.00</td></tr><tr><td>Treasurer of the U. S., checking account</td><td>1,554,334.28</td><td>1,522,362.58</td></tr><tr><td>Federal Reserve Bank of New York, special account</td><td>127,198,969.35</td><td>107,426,330.04</td></tr><tr><td>Disbursing officers' balances and advance accounts</td><td>11,072.26</td><td>13,681.98</td></tr><tr><td>Total cash</td><td>$1,928,774,375.89</td><td>$1,908,962,374.60</td></tr><tr><td>Special accounts of Secretary of the Treasury in Federal Reserve Bank of New York: Special account No. 1, gold (Schedule 1)</td><td>86,020,180.63</td><td>88,314,920.04</td></tr><tr><td>Due from foreign banks (foreign exchange):</td><td></td><td></td></tr><tr><td>France</td><td>$17.88</td><td>$17.88</td></tr><tr><td>Belgac</td><td>505.06</td><td>505.06</td></tr><tr><td>Sterling</td><td>2,836.40</td><td>2,980.05</td></tr><tr><td>Central Bank of China (secured deposits) 1/</td><td>19,112,500.00</td><td>19,117,212.68</td></tr><tr><td>Total due from foreign banks</td><td>19,115,859.34</td><td>19,120,715.67</td></tr><tr><td>Investments in U. S. Government securities (Schedule 2)</td><td>10,448,723.13</td><td>10,448,723.13</td></tr><tr><td>Accrued interest receivable (Schedule 2)</td><td>9,730.73</td><td>69,141.70</td></tr><tr><td>Other accounts (deferred charges)</td><td>6,013.43</td><td>17,321.49</td></tr><tr><td>Commodity sales contracts (deferred charges)</td><td>2,636.00</td><td>2,636.00</td></tr><tr><td>Total assets</td><td>$2,044,377,519.15</td><td>$2,026,935,832.63</td></tr><tr><td><b>Liabilities and Capital</b></td><td></td><td></td></tr><tr><td>Accounts payable:</td><td></td><td></td></tr><tr><td>Vouchers payable</td><td>$4,018.05</td><td>$2,420.37</td></tr><tr><td>Due to foreign banks</td><td>22,845,963.21</td><td>508,738.62</td></tr><tr><td>Total accounts payable</td><td>$22,849,981.26</td><td>$511,158.99</td></tr><tr><td>Capital account</td><td>2,000,000,000.00</td><td>2,000,000,000.00</td></tr><tr><td>Earnings less administrative expenses (Schedules 3 and 4)</td><td>21,527,537.89</td><td>26,424,673.64</td></tr><tr><td>Total liabilities and capital</td><td>$2,044,377,519.15</td><td>$2,026,935,832.63</td></tr></table>
Back Figures: Annual balance sheets for the years 1934 through 1940 may be found in the Annual Report of the Secretary of the Treasury for 1940. Quarterly balance sheets commencing December 31, 1938 may be found in previous issues of the Treasury Bulletin. 1/ Concisat of 65,000,000 yuan as of June 30, 1940 and 65,016,027.40 yuan as of March 31, 1941. Gold held as collateral amounted to $19,379,015.65 as of both dates.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
Location of gold held by and for account of the Exchange Stabilisation Fund 1/
<table><tr><th>Location</th><th colspan="2">June 30, 1940</th><th colspan="2">March 31, 1941</th></tr><tr><th></th><th>Ounces</th><th>Dollars</th><th>Ounces</th><th>Dollars</th></tr><tr><td>Federal Reserve Bank of New York</td><td>462,392.042</td><td>16,183,721.49</td><td>201,094.096</td><td>7,038,293.38</td></tr><tr><td>U. S. Assay Office, New York</td><td>1,995,327.406</td><td>69,836,459.14</td><td>2,322,189.349</td><td>81,276,626.66</td></tr><tr><td>Total</td><td>2,457,719.448</td><td>86,020,180.63</td><td>2,523,283.445</td><td>88,314,920.04</td></tr></table>
1/ Excludes gold held by Treasurer of the U. S.
76
Schedules for Balance Sheet of the Exchange Stabilization Fund (Continued)
Schedule 2
U. S. Government securities held by the Exchange Stabilization Fund
<table><tr><th rowspan="2">Issue</th><th colspan="4">June 30, 1940</th><th colspan="4">March 31, 1941</th></tr><tr><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th><th>Face value</th><th>Cost</th><th>Average price</th><th>Accrued interest</th></tr><tr><td>2-1/4% Treasury bonds, 1951-53...</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$9,221.31</td><td>$10,000,000</td><td>$10,000,000.00</td><td>100.0000</td><td>$65,521.98</td></tr><tr><td>2-3/4% Treasury bonds, 1958-63...</td><td>50,000</td><td>49,640.63</td><td>99.2813</td><td>56.35</td><td>50,000</td><td>49,640.63</td><td>99.2813</td><td>400.41</td></tr><tr><td>2-3/4% Treasury bonds, 1960-65...</td><td>402,000</td><td>399,082.50</td><td>99.2743</td><td>453.07</td><td>402,000</td><td>399,082.50</td><td>99.2743</td><td>3,219.31</td></tr><tr><td>Total U. S. Government securities....................</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$9,730.73</td><td>$10,452,000</td><td>$10,448,723.13</td><td></td><td>$69,141.70</td></tr></table>
Schedule 3
Earnings of the Exchange Stabilization Fund
<table><tr><th>Source</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through March 31, 1941</th></tr><tr><td>Profit on British sterling transactions</td><td>$ 310,494.44</td><td>$ 310,638.09</td></tr><tr><td>Profit on French franco transactions</td><td>351,537.99</td><td>351,537.99</td></tr><tr><td>Profits on gold bullion (including profits from handling charges on gold)</td><td>12,907,527.19</td><td>17,564,908.91</td></tr><tr><td>Profits on silver transactions</td><td>105,371.27</td><td>105,371.27</td></tr><tr><td>Profits on sale of silver bullion to Treasury (nationalised)</td><td>3,473,362.29</td><td>3,473,362.29</td></tr><tr><td>Profit on investments</td><td>1,019,326.18</td><td>1,019,326.18</td></tr><tr><td>Interest on investments</td><td>3,236,149.14</td><td>3,414,275.11</td></tr><tr><td>Miscellaneous profits</td><td>473.74</td><td>473.74</td></tr><tr><td>Interest earned on foreign balances</td><td>56,717.37</td><td>92,551.68</td></tr><tr><td>Interest earned on Chinese yuan</td><td>1,265,656.11</td><td>1,482,710.10</td></tr><tr><td><b>Total earnings</b></td><td><b>$22,726,615.72</b></td><td><b>$27,815,155.36</b></td></tr></table>
Schedule 4
Administrative expenses of the Exchange Stabilization Fund
<table><tr><th>Classification</th><th>January 31, 1934 through June 30, 1940</th><th>January 31, 1934 through March 31, 1941</th></tr><tr><td>Salaries</td><td>$ 723,720.40</td><td>$ 860,470.25</td></tr><tr><td>Travel</td><td>47,753.95</td><td>52,281.23</td></tr><tr><td>Subsistence</td><td>35,108.04</td><td>37,607.43</td></tr><tr><td>Telephone and telegraph</td><td>279,656.42</td><td>306,765.14</td></tr><tr><td>Stationery, etc.</td><td>13,811.21</td><td>15,871.75</td></tr><tr><td>All other</td><td>99,027.81</td><td>117,485.62</td></tr><tr><td>Total administrative expenses</td><td>$1,199,077.83</td><td>$1,390,481.72</td></tr></table>
77
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 1940</th><th colspan="7">1941</th></tr><tr><th>1939</th><th>1940</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>Grand total</td><td>34,192</td><td>33,422</td><td>3,055</td><td>3,140</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>2,032r</td><td>2,662</td><td>3,692</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>7,963</td><td>8,854</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><td>1,078</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>26,229</td><td>24,568</td><td>2,057</td><td>2,207</td><td>2,489</td><td>2,501</td><td>2,122</td><td>2,082r</td><td>1,823</td><td>1,717</td><td>1,775</td><td>1,737</td><td>1,949r</td><td>2,300</td><td>2,614</td></tr><tr><td>American vessels</td><td>7,822</td><td>7,576r</td><td>756</td><td>751</td><td>855r</td><td>841</td><td>644</td><td>608r</td><td>491r</td><td>486</td><td>468</td><td>489</td><td>553r</td><td>680r</td><td>938</td></tr><tr><td>Foreign vessels</td><td>18,407</td><td>16,992r</td><td>1,301</td><td>1,456</td><td>1,634r</td><td>1,660</td><td>1,478</td><td>1,474r</td><td>1,332r</td><td>1,231</td><td>1,307</td><td>1,248</td><td>1,396</td><td>1,520r</td><td>1,676</td></tr><tr><td>Belgian</td><td>102</td><td>117</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><td>3</td></tr><tr><td>Brazilian</td><td>34</td><td>74</td><td>5</td><td>11</td><td>5</td><td>5</td><td>6</td><td>7</td><td>5</td><td>9</td><td>7</td><td>8</td><td>12</td><td>9</td><td>11</td></tr><tr><td>British</td><td>9,954</td><td>9,480r</td><td>669</td><td>843r</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>708r</td><td>783</td><td>1,020</td><td>1,057</td></tr><tr><td>Danish</td><td>604</td><td>150</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><td>-</td></tr><tr><td>Dutch</td><td>653</td><td>537</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><td>39</td></tr><tr><td>Finnish</td><td>85</td><td>180</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><td>27</td></tr><tr><td>French</td><td>285</td><td>137</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><td>4</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>324r</td><td>19</td><td>19</td><td>27</td><td>33</td><td>42</td><td>27</td><td>26r</td><td>25</td><td>22</td><td>21</td><td>15</td><td>11</td><td>7</td></tr><tr><td>Honduran</td><td>699</td><td>860</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><td>100</td></tr><tr><td>Italian</td><td>278</td><td>161</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><td>-</td></tr><tr><td>Japanese</td><td>793</td><td>762</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>52r</td><td>59</td></tr><tr><td>Norwegian</td><td>2,744</td><td>2,225</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><td>170</td></tr><tr><td>Panamanian</td><td>580</td><td>747r</td><td>61</td><td>55</td><td>68r</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><td>75</td></tr><tr><td>Spanish</td><td>34</td><td>118</td><td>8</td><td>8</td><td>9</td><td>12</td><td>8</td><td>12</td><td>15</td><td>16</td><td>9</td><td>3</td><td>6</td><td>7</td><td>5</td></tr><tr><td>Swedish</td><td>467</td><td>364</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><td>34</td></tr><tr><td>Yugolevian</td><td>40</td><td>92</td><td>9</td><td>6</td><td>5</td><td>13</td><td>5</td><td>9</td><td>8</td><td>8</td><td>11</td><td>11</td><td>19</td><td>13</td><td>19</td></tr><tr><td>Other flags</td><td>474</td><td>604</td><td>54</td><td>60</td><td>66</td><td>64</td><td>59</td><td>50</td><td>62</td><td>54</td><td>72</td><td>57</td><td>69</td><td>72</td><td>66</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Calendar year</th><th colspan="7">1940</th><th colspan="7">1941</th></tr><tr><th>1939</th><th>1940</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>Grand total</td><td>70,306</td><td>62,185</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><td>5,729</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>12,030</td><td>13,769</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><td>1,760</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>58,276</td><td>48,416</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><td>3,969</td></tr><tr><td>American vessels</td><td>14,869</td><td>16,604</td><td>1,504</td><td>1,481</td><td>1,543r</td><td>1,531</td><td>1,303</td><td>1,403r</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><td>1,536</td></tr><tr><td>Foreign vessels</td><td>43,407</td><td>31,812</td><td>2,667</td><td>2,426</td><td>2,672r</td><td>2,702</td><td>2,440</td><td>2,424r</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><td>2,333</td></tr><tr><td>Belgian</td><td>371</td><td>438</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><td>15</td></tr><tr><td>Brazilian</td><td>109</td><td>245</td><td>16</td><td>35</td><td>17</td><td>16</td><td>22</td><td>23</td><td>16</td><td>34</td><td>20</td><td>28</td><td>38</td><td>23</td><td>34</td></tr><tr><td>British</td><td>14,904</td><td>10,400r</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><td>742</td></tr><tr><td>Danish</td><td>1,480</td><td>346</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><td>-</td></tr><tr><td>Dutch</td><td>2,968</td><td>2,000</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><td>96</td></tr><tr><td>Finnish</td><td>137</td><td>273</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><td>37</td></tr><tr><td>French</td><td>1,922</td><td>504r</td><td>90</td><td>81</td><td>8</td><td>2</td><td>2</td><td>24</td><td>2r</td><td>10</td><td>8</td><td>17</td><td>27</td><td>24</td><td>6</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>991r</td><td>60</td><td>67</td><td>85</td><td>99</td><td>124</td><td>75</td><td>70r</td><td>71</td><td>57</td><td>54</td><td>36</td><td>26</td><td>18</td></tr><tr><td>Honduran</td><td>914</td><td>1,176</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><td>129</td></tr><tr><td>Italian</td><td>1,982</td><td>885</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><td>-</td></tr><tr><td>Japanese</td><td>3,839</td><td>3,784</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>264</td><td>340</td></tr><tr><td>Norwegian</td><td>7,417</td><td>5,501r</td><td>433</td><td>389</td><td>426</td><td>407</td><td>373</td><td>347r</td><td>373</td><td>421</td><td>399</td><td>417</td><td>417</td><td>410</td><td>377</td></tr><tr><td>Panamanian</td><td>2,097</td><td>2,658r</td><td>220</td><td>173</td><td>233r</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><td>262</td></tr><tr><td>Spanish</td><td>106</td><td>382</td><td>27</td><td>25</td><td>40</td><td>38</td><td>25</td><td>38</td><td>50</td><td>47</td><td>32</td><td>9</td><td>22</td><td>23</td><td>19</td></tr><tr><td>Swedish</td><td>1,454</td><td>1,050</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><td>95</td></tr><tr><td>Yugoslavian</td><td>116</td><td>250</td><td>28</td><td>18</td><td>13</td><td>34</td><td>11</td><td>24</td><td>22</td><td>16</td><td>24</td><td>26</td><td>39</td><td>30</td><td>41</td></tr><tr><td>Other flags</td><td>617</td><td>930</td><td>65</td><td>81</td><td>93</td><td>86</td><td>73</td><td>76</td><td>91</td><td>91</td><td>116</td><td>80</td><td>100</td><td>112</td><td>122</td></tr></table>
Source: Reports from Collectors of Customs. r Revised.
78
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="5">1941</th></tr><tr><th></th><th>1939</th><th>1940</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>Ashabula</td><td>236</td><td>297</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><td>55</td></tr><tr><td>Baltimore</td><td>679</td><td>765</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><td>74</td></tr><tr><td>Boston</td><td>804</td><td>699</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><td>75</td></tr><tr><td>Buffalo</td><td>455</td><td>341</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><td>87</td></tr><tr><td>Corpus Christi</td><td>275</td><td>138</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><td>3</td></tr><tr><td>Detroit</td><td>1,013</td><td>1,218</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><td>187</td></tr><tr><td>Galveston</td><td>469</td><td>345</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><td>19</td></tr><tr><td>Houston</td><td>542</td><td>330</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><td>9</td></tr><tr><td>Los Angeles</td><td>1,392</td><td>1,169</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><td>90</td></tr><tr><td>Miami</td><td>943</td><td>1,021</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><td>81</td></tr><tr><td>Mobile</td><td>322</td><td>360</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><td>17</td></tr><tr><td>New Orleans</td><td>1,156</td><td>1,181</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><td>126</td></tr><tr><td>New York</td><td>3,929</td><td>3,767</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><td>402</td></tr><tr><td>Hofolck & Newport News</td><td>639</td><td>824</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><td>64</td></tr><tr><td>Philadelphia</td><td>564</td><td>684</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><td>62</td></tr><tr><td>Port Angeles, Wash.</td><td>1,437</td><td>1,264</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><td>98</td></tr><tr><td>Port Arthur</td><td>309</td><td>214</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><td>11</td></tr><tr><td>Rochester</td><td>595</td><td>929</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><td>84</td></tr><tr><td>San Francisco</td><td>530</td><td>476</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><td>31</td></tr><tr><td>Savannah</td><td>209</td><td>152</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><td>17</td></tr><tr><td>Seattle</td><td>1,682</td><td>1,682</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><td>131</td></tr><tr><td>Toledo</td><td>642</td><td>1,131</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><td>148</td></tr><tr><td>Other ports</td><td>15,370</td><td>14,435</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>778</td><td>1,179</td><td>1,821</td></tr><tr><td>Total</td><td>34,192</td><td>33,422</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>2,032</td><td>2,662</td><td>3,692</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="14">Net registered tonnage (in thousands of tons)</th></tr><tr><th>Calendar year</th><th colspan="8">1940</th><th colspan="6">1941</th></tr><tr><th></th><th>1939</th><th>1940</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>Ashabula</td><td>601</td><td>913</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><td>140</td></tr><tr><td>Baltimore</td><td>1,880</td><td>2,306</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><td>202</td></tr><tr><td>Boat</td><td>2,530</td><td>1,655</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><td>124</td></tr><tr><td>Buffalo</td><td>985</td><td>695</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><td>168</td></tr><tr><td>Corpus Christi</td><td>1,258</td><td>619</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><td>15</td></tr><tr><td>Detroit</td><td>1,538</td><td>1,575</td><td>154</td><td>244</td><td>269</td><td>262</td><td>224</td><td>197</td><td>172</td><td>39</td><td>4</td><td>-</td><td>-</td><td>92</td><td>167</td></tr><tr><td>Galveston</td><td>1,354</td><td>954</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><td>52</td></tr><tr><td>Houston</td><td>2,230</td><td>1,221</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><td>19</td></tr><tr><td>Los Angeles</td><td>5,553</td><td>4,523</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><td>360</td></tr><tr><td>Miami</td><td>886</td><td>878</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><td>24</td></tr><tr><td>Mobile</td><td>542</td><td>561</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><td>15</td></tr><tr><td>New Orleans</td><td>3,071</td><td>2,926</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><td>319</td></tr><tr><td>New York</td><td>19,566</td><td>14,078</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><td>1,334</td></tr><tr><td>Morfolk & Newport News</td><td>1,677</td><td>2,132</td><td>193</td><td>165</td><td>191</td><td>182</td><td>152</td><td>158</td><td>140</td><td>152</td><td>165</td><td>140</td><td>171</td><td>116</td><td>161</td></tr><tr><td>Philadelphia</td><td>1,580</td><td>2,095</td><td>149</td><td>179</td><td>160</td><td>150</td><td>179</td><td>201</td><td>174</td><td>194</td><td>196</td><td>188</td><td>173</td><td>169</td><td>185</td></tr><tr><td>Port Angeles, Wash.</td><td>889</td><td>947</td><td>58</td><td>97</td><td>143</td><td>148</td><td>84</td><td>74</td><td>58</td><td>59</td><td>66</td><td>60</td><td>62</td><td>58</td><td>65</td></tr><tr><td>Port Arthur</td><td>1,316</td><td>783</td><td>90</td><td>100</td><td>66</td><td>42</td><td>27</td><td>45</td><td>54</td><td>42</td><td>27</td><td>30</td><td>42</td><td>50</td><td>34</td></tr><tr><td>Rochester</td><td>1,407</td><td>1,814</td><td>163</td><td>199</td><td>187</td><td>237</td><td>227</td><td>183</td><td>156</td><td>132</td><td>135</td><td>212</td><td>264</td><td>119</td><td>189</td></tr><tr><td>San Francisco</td><td>2,159</td><td>1,761</td><td>151</td><td>152</td><td>148</td><td>148</td><td>117</td><td>131</td><td>117</td><td>113</td><td>123</td><td>111</td><td>120</td><td>155</td><td>107</td></tr><tr><td>Savannah</td><td>554</td><td>433</td><td>45</td><td>39</td><td>51</td><td>59</td><td>20</td><td>31</td><td>17</td><td>26</td><td>35</td><td>20</td><td>41</td><td>22</td><td>33</td></tr><tr><td>Seattle</td><td>3,128</td><td>3,054</td><td>239</td><td>254</td><td>338</td><td>357</td><td>278</td><td>254</td><td>241</td><td>221</td><td>143</td><td>188</td><td>200</td><td>209</td><td>207</td></tr><tr><td>Toledo</td><td>1,358</td><td>2,031</td><td>323</td><td>334</td><td>291</td><td>263</td><td>241</td><td>191</td><td>213</td><td>25</td><td>-</td><td>-</td><td>10</td><td>159</td><td>254</td></tr><tr><td>Other ports</td><td>14,164</td><td>14,201</td><td>1,445</td><td>1,586</td><td>1,801</td><td>1,767</td><td>1,395</td><td>1,338</td><td>1,404</td><td>645</td><td>773</td><td>624</td><td>658</td><td>953</td><td>1,555</td></tr><tr><td>Total</td><td>70,306</td><td>62,185</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><td>5,729</td></tr></table>
Source: Reports from Collectors of Customs.
79
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th rowspan="2"></th><th colspan="6">Totals by months, December 1940 - May 1941</th><th colspan="5">Distribution by originating organization, May 1941</th></tr><tr><th>1940 December</th><th>1941 January</th><th>1941 February</th><th>1941 March</th><th>1941 April</th><th>1941 May</th><th>Alcohol Tax Unit</th><th>Bureau of Customs</th><th>Bureau of Narcotics</th><th>Secret Service Division</th><th>Income and misc. tax cases of Bureau of Internal Revenue</th></tr><tr><td colspan="11">Inventory</td></tr><tr><td>Number of cases pending first 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>New cases</td><td>2,775</td><td>2,731</td><td>2,751</td><td>3,292</td><td>2,773</td><td>2,523</td><td>1,958</td><td>38</td><td>285</td><td>221</td><td>21</td></tr><tr><td>Cases closed</td><td>3,105</td><td>2,868</td><td>2,081</td><td>3,303</td><td>2,749</td><td>3,915</td><td>3,210</td><td>50</td><td>387</td><td>254</td><td>14</td></tr><tr><td>Number of cases pending end of month</td><td>18,185</td><td>18,048</td><td>18,718</td><td>18,707</td><td>18,731</td><td>17,339</td><td>14,271</td><td>188</td><td>1,584</td><td>944</td><td>352</td></tr><tr><td>Change in cases pending</td><td>-330</td><td>-137</td><td>+670</td><td>-11</td><td>+24</td><td>-1,392</td><td>-1,252</td><td>-12</td><td>-102</td><td>-33</td><td>+7</td></tr><tr><td colspan="11">Disposition of cases closed</td></tr><tr><td>Number transferred 2/</td><td>124</td><td>190</td><td>206</td><td>166</td><td>143</td><td>174</td><td>114</td><td>2</td><td>37</td><td>21</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/</td><td>2,981</td><td>2,678</td><td>1,875</td><td>3,137</td><td>2,606</td><td>3,741</td><td>3,096</td><td>48</td><td>350</td><td>233</td><td>14</td></tr><tr><td>Total number of cases closed</td><td>3,105</td><td>2,868</td><td>2,081</td><td>3,303</td><td>2,749</td><td>3,915</td><td>3,210</td><td>50</td><td>387</td><td>254</td><td>14</td></tr><tr><td colspan="11">Percentage distribution of cases released or convicted:</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>11</td><td>17</td><td>25</td><td>16</td><td>18</td><td>15</td><td>16</td><td>19</td><td>3</td><td>4</td><td>4/</td></tr><tr><td>After indictment</td><td>8</td><td>10</td><td>9</td><td>9</td><td>13</td><td>7</td><td>8</td><td>17</td><td>9</td><td>2</td><td>4/</td></tr><tr><td>Acquitted</td><td>5</td><td>3</td><td>2</td><td>4</td><td>2</td><td>5</td><td>5</td><td>4</td><td>4</td><td>3</td><td>4/</td></tr><tr><td>Total released</td><td>24</td><td>30</td><td>36</td><td>29</td><td>33</td><td>27</td><td>29</td><td>40</td><td>16</td><td>9</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>7</td><td>6</td><td>6</td><td>7</td><td>6</td><td>8</td><td>8</td><td>2</td><td>11</td><td>10</td><td>4/</td></tr><tr><td>Pleaded guilty</td><td>69</td><td>64</td><td>58</td><td>64</td><td>61</td><td>65</td><td>63</td><td>58</td><td>73</td><td>81</td><td>4/</td></tr><tr><td>Total convicted</td><td>76</td><td>70</td><td>64</td><td>71</td><td>67</td><td>73</td><td>71</td><td>60</td><td>84</td><td>91</td><td>4/</td></tr><tr><td colspan="11">Sentence imposed</td></tr><tr><td>Number of convictions</td><td>2,172</td><td>1,766</td><td>1,126</td><td>2,125</td><td>1,668</td><td>2,629</td><td>2,185</td><td>29</td><td>208</td><td>200</td><td>7</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>57</td><td>54</td><td>62</td><td>57</td><td>58</td><td>56</td><td>48</td><td>74</td><td>67</td><td>4/</td></tr><tr><td>Fine</td><td>23</td><td>23</td><td>18</td><td>22</td><td>23</td><td>26</td><td>27</td><td>7</td><td>10</td><td>35</td><td>4/</td></tr><tr><td>Probation 6/</td><td>38</td><td>39</td><td>42</td><td>34</td><td>39</td><td>36</td><td>35</td><td>52</td><td>31</td><td>44</td><td>4/</td></tr><tr><td>Average number of days imprisonment to be served</td><td>436</td><td>386</td><td>432</td><td>363</td><td>415</td><td>404</td><td>363</td><td>177</td><td>626</td><td>549</td><td>475</td></tr><tr><td>Average fine to be paid (dollars)</td><td>486</td><td>266</td><td>558</td><td>343</td><td>319</td><td>489</td><td>502</td><td>300</td><td>169</td><td>46</td><td>8,000</td></tr><tr><td>Total fines to be paid (dollars)</td><td>241,030</td><td>109,285</td><td>110,390</td><td>161,547</td><td>121,405</td><td>336,451</td><td>297,089</td><td>600</td><td>1,554</td><td>3,208</td><td>32,000</td></tr></table>
1/ Comprises criminal cases of the Alcohol Tax Unit of the Bureau of Internal Revenue, the Bureau of Customs, the Bureau of Narcotics, the Secret Service Division, and the income tax and miscellaneous tax cases referred by the Penal Division of the Bureau of Internal Revenue to the Department of Justice with recommendation for criminal prosecution.
2/ Comprises cases transferred to state, local, or other authorities for prosecution and cases closed because of duplicate prosecutions.
3/ Cases "otherwise disposed of" consist of Customs and Narcotics cases in which no arrests were made and Secret Service cases which were disposed of by larceny hearings.
4/ Insufficient cases to warrant showing comparative percentages.
5/ Percentages do not add to 100 because a single conviction may involve more than one type of sentence.
6/ Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
COPY No. 1
Treas. U.S. Treasury Dept.
HJ
10
A2
1941
c. 2
Treasury Bulletin
U.S. TREASURY LIBRARY
1 0031903