Treas. HJ 10 A2 c.2
LIBRARY ROOM 5030
JUN 2, 1972
TREASURY DEPARTMENT
COPY No.2
BULLETIN OF THE TREASURY DEPARTMENT
NOVEMBER 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
NOVEMBER 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, November 1941
Table of Contents
Page
SUMMARY OF FISCAL STATISTICS
<table><tr><td>Budget receipts and expenditures, public debt, and means of financing cash requirements</td><td>2-3</td></tr><tr><td colspan="2">FEDERAL RECEIPTS AND EXPENDITURES</td></tr><tr><td>Budget receipts and expenditures</td><td>5-8</td></tr><tr><td>Receipts and expenditures for trust accounts, increment on gold, etc.</td><td>9</td></tr><tr><td>Means of financing cash requirements</td><td>10</td></tr><tr><td>Social insurance accounts</td><td>11-12</td></tr><tr><td>Cash income and outgo</td><td>13-14</td></tr><tr><td colspan="2">GENERAL FUND OF THE TREASURY</td></tr><tr><td>Assets, liabilities, and balance in General Fund</td><td>16</td></tr><tr><td>Changes in the General Fund balance</td><td>17</td></tr><tr><td colspan="2">PUBLIC DEBT OF THE UNITED STATES (Excluding ownership data)</td></tr><tr><td>Statement of the outstanding public debt, October 31, 1941</td><td>19</td></tr><tr><td>Composition of the public debt</td><td>19-20</td></tr><tr><td>Maturity schedule of marketable government securities, October 31, 1941</td><td>21-22</td></tr><tr><td>Treasury financing operations since January 1, 1938</td><td>23</td></tr><tr><td>Public debt receipts and expenditures</td><td>24</td></tr><tr><td>Computed rate of interest on the public debt</td><td>24</td></tr><tr><td>New yield average for long-term taxable Treasury bonds</td><td>25</td></tr><tr><td>Average yields of Treasury and corporate bonds beginning with January 1933</td><td>26-27</td></tr><tr><td>Yields of Treasury bonds and notes, November 15, 1941</td><td>28</td></tr><tr><td colspan="2">OWNERSHIP OF GOVERNMENT SECURITIES</td></tr><tr><td>Ownership of new 2-1/2% Treasury Bonds of 1967-1972</td><td>30</td></tr><tr><td>Summary distribution by holders of securities issued by the U. S. Government and guaranteed by the U. S.</td><td>31</td></tr><tr><td>Market transactions in Government securities for Treasury investment accounts</td><td>31</td></tr><tr><td>Treasury survey of the ownership of Government securities, September 30, 1941</td><td>32-37</td></tr><tr><td>Geographical classification of data from Treasury survey of the ownership of Government securities, September 30, 1941</td><td>38</td></tr></table>
(Continued on following page)
Table of Contents - (Continued)
Page
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
<table><tr><td>Assets and liabilities and proprietary interest, September 30, 1941</td><td>40-41</td></tr><tr><td>Sources and uses of funds</td><td>42-45</td></tr><tr><td>Obligations outstanding guaranteed by the U. S.</td><td>46</td></tr><tr><td>Financing operations in securities guaranteed by the U. S.</td><td>46</td></tr><tr><td>Maturity schedule of marketable securities guaranteed by the U. S., October 31, 1941</td><td>47</td></tr></table>
INTERNAL REVENUE STATISTICS
CUSTOMS STATISTICS
<table><tr><td>Customs duties and taxes collected</td><td>53-54</td></tr><tr><td>Commodities imported under quota provisions</td><td>55-57</td></tr></table>
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
<table><tr><td>Net capital movement between the United States and foreign countries</td><td>59-60</td></tr><tr><td>Short-term foreign liabilities and assets</td><td>61-64</td></tr><tr><td>Foreign security transactions and brokerage balances</td><td>65-67</td></tr><tr><td>Foreign transactions in domestic securities</td><td>68-69</td></tr><tr><td>Foreign exchange transactions</td><td>70-71</td></tr><tr><td>Revisions in statistics on capital movements</td><td>72</td></tr></table>
GOLD AND SILVER STATISTICS
<table><tr><td>Gold assets and liabilities of the Treasury</td><td>74</td></tr><tr><td>Movement of gold to and from the United States</td><td>74</td></tr><tr><td>Increment from reduction in weight of gold dollar, October 31, 1941</td><td>74</td></tr><tr><td>Treasury gold receipts</td><td>75</td></tr><tr><td>Monetary stocks of gold and silver</td><td>75-76</td></tr><tr><td>Components of silver monetary stock</td><td>76</td></tr><tr><td>Silver of specified classifications acquired by mints and assay offices</td><td>76</td></tr><tr><td>Seigniorage on silver</td><td>77</td></tr><tr><td>Silver production by countries</td><td>77</td></tr><tr><td>Movement of silver to and from the United States</td><td>78</td></tr></table>
OTHER TREASURY STATISTICS
<table><tr><td>Vessels cleared from the United States direct for foreign ports</td><td>80-81</td></tr><tr><td>Treasury Department criminal cases in the U. S. District Courts</td><td>82</td></tr></table>
<table><tr><td>Note: In tables in which it is indicated that the figures are rounded to a given unit, the details will not necessarily add to the totals shown.</td></tr></table>
SUMMARY OF FISCAL STATISTICS
-1-
2
Budget Receipts and Expenditures
(in millions of dollars)
<table><tr><th></th><th colspan="4">First 4 months, fiscal years 1940 to 1942</th><th colspan="6">Complete fiscal years, 1938 to 1942</th></tr><tr><th></th><th>1940</th><th>1941</th><th>1942</th><th>Change 1941 to 1942</th><th>1938</th><th>1939</th><th>1940</th><th>1941</th><th>1942 1/</th><th>Change Actual 1940 to actual 1941</th><th>Change Actual 1941 to estimated 1942 1/</th></tr><tr><td>Receipts:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Internal revenue:</td><td></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 and profits taxes 2/</td><td>447</td><td>563</td><td>991</td><td>+428</td><td>2,640</td><td>2,189</td><td>2,125</td><td>3,470</td><td>7,079</td><td>+1,345</td><td>+3,609</td></tr><tr><td>Employment taxes</td><td>218</td><td>244</td><td>305</td><td>+61</td><td>755</td><td>740</td><td>833</td><td>925</td><td>1,157</td><td>+92</td><td>+242</td></tr><tr><td>Miscellaneous internal revenue 3/</td><td>914</td><td>1,033</td><td>1,112</td><td>+79</td><td>2,279</td><td>2,232</td><td>2,345</td><td>2,967</td><td>3,991</td><td>+622</td><td>+1,024</td></tr><tr><td>Customs</td><td>121</td><td>101</td><td>141</td><td>+40</td><td>359</td><td>319</td><td>349</td><td>392</td><td>414</td><td>+43</td><td>+22</td></tr><tr><td>Other receipts</td><td>69</td><td>69</td><td>85</td><td>+16</td><td>208</td><td>188</td><td>273</td><td>515</td><td>208</td><td>+242</td><td>-307</td></tr><tr><td>Total receipts</td><td>1,768</td><td>2,010</td><td>2,634</td><td>+624</td><td>6,242</td><td>5,668</td><td>5,925</td><td>8,269</td><td>12,859</td><td>+2,344</td><td>+4,590</td></tr><tr><td>Less amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 4/</td><td>177</td><td>188</td><td>245</td><td>+57</td><td>387</td><td>503</td><td>538</td><td>661</td><td>861</td><td>+123</td><td>+200</td></tr><tr><td>Net receipts</td><td>1,591</td><td>1,822</td><td>2,390</td><td>+568</td><td>5,855</td><td>5,165</td><td>5,387</td><td>7,607</td><td>11,998</td><td>+2,220</td><td>+4,391</td></tr><tr><td>Expenditures 5/</td><td></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></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>War</td><td>191</td><td>387</td><td>2,573</td><td>+2,186</td><td>432</td><td>490</td><td>667</td><td>3,636</td><td>6/</td><td>+2,969</td><td>6/</td></tr><tr><td>Navy</td><td>255</td><td>492</td><td>1,574</td><td>+1,082</td><td>596</td><td>673</td><td>891</td><td>2,217</td><td>6/</td><td>+1,326</td><td>6/</td></tr><tr><td>Defense aid (Lend-lease)</td><td>-</td><td>-</td><td>435</td><td>+435</td><td>-</td><td>-</td><td>-</td><td>21</td><td>6/</td><td>+21</td><td>6/</td></tr><tr><td>Miscellaneous national defense</td><td>32</td><td>40</td><td>348</td><td>+308</td><td>1</td><td>44</td><td>99</td><td>207</td><td>6/</td><td>+108</td><td>6/</td></tr><tr><td>Total national defense</td><td>478</td><td>918</td><td>4,931</td><td>+4,013</td><td>1,029</td><td>1,206</td><td>1,657</td><td>6,080</td><td>18,000</td><td>+4,423</td><td>+11,920</td></tr><tr><td>Veterans' Administration 1/</td><td>185</td><td>185</td><td>186</td><td>+1</td><td>582</td><td>557</td><td>557</td><td>563</td><td>570</td><td>+6</td><td>+7</td></tr><tr><td>Public works 6/</td><td>376</td><td>303</td><td>259</td><td>-44</td><td>804</td><td>1,000</td><td>950</td><td>738</td><td>693</td><td>-212</td><td>-45</td></tr><tr><td>Aid to agriculture 2/</td><td>501</td><td>293</td><td>331</td><td>+38</td><td>854</td><td>1,228</td><td>1,559</td><td>93710/</td><td>1,152</td><td>-622</td><td>+215</td></tr><tr><td>Grants to States under the Social Security Act</td><td>136</td><td>161</td><td>180</td><td>+19</td><td>271</td><td>320</td><td>357</td><td>415</td><td>434</td><td>+58</td><td>+19</td></tr><tr><td>Direct and work relief:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Work Projects Administration and National Youth Administration</td><td>519</td><td>460</td><td>362</td><td>-98</td><td>1,472</td><td>2,240</td><td>1,572</td><td>1,421</td><td>965</td><td>-151</td><td>-456</td></tr><tr><td>Federal Emergency Relief Administration and Civil Works Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>2</td><td>1</td><td>-</td><td>-</td><td>-1</td><td>-</td></tr><tr><td>Civilian Conservation Corps</td><td>101</td><td>94</td><td>75</td><td>-19</td><td>326</td><td>290</td><td>283</td><td>257</td><td>200</td><td>-26</td><td>-57</td></tr><tr><td>Interest on the public debt</td><td>253</td><td>261</td><td>277</td><td>+16</td><td>926</td><td>941</td><td>1,041</td><td>1,111</td><td>1,275</td><td>+70</td><td>+164</td></tr><tr><td>Other 11/</td><td>451</td><td>476</td><td>482</td><td>+6</td><td>970</td><td>923</td><td>1,022</td><td>1,188</td><td>1,292</td><td>+166</td><td>+104</td></tr><tr><td>Total expenditures 5/</td><td>3,000</td><td>3,152</td><td>7,084</td><td>+3,932</td><td>7,239</td><td>8,707</td><td>8,998</td><td>12,711</td><td>24,581</td><td>+3,713</td><td>+11,870</td></tr><tr><td>Net budget deficit 5/</td><td>1,409</td><td>1,330</td><td>4,694</td><td>+3,364</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,583</td><td>+1,492</td><td>+7,480</td></tr></table>
Source: Daily Treasury Statements, except as noted.
1/ Budget estimates of October 5, 1941.
2/ Includes unjust enrichment tax.
3/ Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' and retailers' excise taxes, and estate taxes.
4/ Beginning July 1940, 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) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items 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 later periods.
5/ Excludes public debt retirements.
6/ Details not available.
7/ Includes expenditures classified as Transfers to trust accounts, etc., for the Adjusted Service Certificates Fund.
8/ Includes Public works transactions classified as Revolving Funds (net).
9/ Includes Aid to agriculture transactions classified as Revolving Funds (net), expenditures of the Department of Agriculture classified as Departmental in the Daily Treasury Statement, and Surplus Marketing Administration transactions classified as transfers to trust accounts, etc.
10/ Represents gross expenditures of $1,252 millions less repayments of U. S. investments in capital funds aggregating $315 millions.
11/ Includes departmental expenditures except for Department of Agriculture; and expenditures classified as Transfers to trust accounts, etc., for (1) Government employees retirement and insurance funds, (2) Railroad Retirement Account, and (3) Railroad Unemployment Insurance Administration Fund transfers to Unemployment Trust Fund.
3
Public Debt Outstanding
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="4">End of first 4 months, fiscal years 1940 to 1942</th><th colspan="8">End of fiscal years, 1938 to 1942</th></tr><tr><th>Oct. 31, 1939</th><th>Oct. 31, 1940</th><th>Oct. 31, 1941</th><th>Change Oct. 31, 1940 to Oct. 31, 1941</th><th colspan="4">Actual</th><th>Estimated</th><th colspan="2">Change</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th>June 30, 1938</th><th>June 30, 1939</th><th>June 30, 1940</th><th>June 30, 1941</th><th>June 30, 1942 1/</th><th>Actual June 30, 1940 to actual June 30, 1941</th><th>Actual June 30, 1941 to estimated June 30, 1942</th></tr><tr><td>Interest-bearing debt:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable...</td><td>34,052</td><td>35,123</td><td>38,869</td><td>+3,746</td><td>32,344</td><td>33,965</td><td>34,436</td><td>37,713</td><td>2/</td><td>+3,277</td><td>2/</td></tr><tr><td>Non-marketable...</td><td>2,365</td><td>3,336</td><td>7,508</td><td>+4,172</td><td>1,556</td><td>2,151</td><td>3,166</td><td>4,555</td><td>2/</td><td>+1,389</td><td>2/</td></tr><tr><td>Total public issues</td><td>36,417</td><td>38,459</td><td>46,377</td><td>+7,918</td><td>33,900</td><td>36,116</td><td>37,602</td><td>42,267</td><td>2/</td><td>+4,666</td><td>2/</td></tr><tr><td>Special issues</td><td>4,109</td><td>5,102</td><td>6,664</td><td>+1,562</td><td>2,676</td><td>3,770</td><td>4,775</td><td>6,120</td><td>2/</td><td>+1,345</td><td>2/</td></tr><tr><td>Total interest-bearing debt</td><td>40,526</td><td>43,560</td><td>53,040</td><td>+9,480</td><td>36,576</td><td>39,886</td><td>42,376</td><td>48,387</td><td>2/</td><td>+6,011</td><td>2/</td></tr><tr><td>Matured debt and debt bearing no interest</td><td>510</td><td>577</td><td>544</td><td>-33</td><td>589</td><td>554</td><td>591</td><td>574</td><td>2/</td><td>-17</td><td>2/</td></tr><tr><td>Total public debt outstanding</td><td>41,036</td><td>44,137</td><td>53,584</td><td>+9,447</td><td>37,165</td><td>40,440</td><td>42,968</td><td>48,961</td><td>61,027</td><td>+5,994</td><td>+12,066</td></tr></table>
Source: Daily Treasury Statements, except as noted. 1/ Based upon budget estimates of October 5, 1941. 2/ Details not available.
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="3">First 4 months, fiscal years 1940 to 1942</th><th colspan="5">Complete fiscal years, 1938 to 1942</th></tr><tr><th>1940</th><th>1941</th><th>1942</th><th colspan="4">Actual</th><th>Estimated</th></tr><tr><td>Amount required to be financed:</td><td></td><td></td><td></td><td>1938</td><td>1939</td><td>1940</td><td>1941</td><td>1942 1/</td></tr><tr><td>Net budget deficit 2/</td><td>1,409</td><td>1,330</td><td>4,694</td><td>1,384</td><td>3,542</td><td>3,611</td><td>5,103</td><td>12,583</td></tr><tr><td>Net increase in General Fund balance</td><td>-</td><td>29</td><td>8</td><td>-</td><td>622</td><td>-</td><td>742</td><td>-</td></tr><tr><td>Net expenditures in trust accounts, increment on gold, etc. 3/</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>148</td><td>-</td></tr><tr><td>Total amount required to be financed</td><td>1,521</td><td>1,359</td><td>4,702</td><td>1,384</td><td>4,164</td><td>3,611</td><td>5,994</td><td>12,583</td></tr><tr><td>Means of financing:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Increase in public debt</td><td>597</td><td>1,170</td><td>4,623</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 General Fund balance</td><td>925</td><td>-</td><td>-</td><td>338</td><td>-</td><td>947</td><td>-</td><td>479</td></tr><tr><td>Net receipts in trust accounts, increment on gold, etc. 3/</td><td>-</td><td>189</td><td>80</td><td>306</td><td>890</td><td>136</td><td>-</td><td>38</td></tr><tr><td>Total amount financed</td><td>1,521</td><td>1,359</td><td>4,702</td><td>1,384</td><td>4,164</td><td>3,611</td><td>5,994</td><td>12,583</td></tr></table>
Source: Daily Treasury Statements.
1/ Based upon budget estimates of October 5, 1941.
2/ Excludes public debt retirements.
3/ Comprises trust accounts, checking accounts of Government agencies, etc., increment on gold, seigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
FEDERAL
RECEIPTS
AND
EXPENDITURES
- 4 -
5
Budget Receipts and Expenditures
Table 1.- Summary
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th rowspan="2">Less net amounts transferred to Federal Old-Age and Survivors Insurance Trust Fund 4/</th><th colspan="6">Expenditures 1/</th><th rowspan="2">Net deficit 5/</th><th rowspan="2">Public debt retirements 9/</th></tr><tr><th>Total receipts</th><th>Internal revenue 2/</th><th>Customs 3/</th><th>Other receipts</th><th>Total receipts</th><th>Total expenditures</th><th>General 5/</th><th>National defense 6/</th><th>Revolving funds (net) 7/</th><th>Transfers to trust accounts etc. 1/</th></tr><tr><td>1933</td><td>2,080</td><td>1,604</td><td>251</td><td>225</td><td>-</td><td>2,080</td><td>3,864</td><td>2,989</td><td>680</td><td>74</td><td>121</td><td>1,784</td><td>462</td></tr><tr><td>1934</td><td>3,116</td><td>2,641</td><td>313</td><td>162</td><td>-</td><td>3,116</td><td>6,011</td><td>4,914</td><td>531</td><td>496</td><td>71</td><td>2,896</td><td>360</td></tr><tr><td>1935</td><td>3,800</td><td>3,278</td><td>343</td><td>179</td><td>-</td><td>3,800</td><td>7,010</td><td>5,905</td><td>689</td><td>345</td><td>71</td><td>3,209</td><td>574</td></tr><tr><td>1936</td><td>4,116</td><td>3,513</td><td>387</td><td>216</td><td>-</td><td>4,116</td><td>8,666</td><td>5,981</td><td>900</td><td>11</td><td>1,814</td><td>4,550</td><td>403</td></tr><tr><td>1937</td><td>5,294</td><td>4,597</td><td>486</td><td>210</td><td>265</td><td>5,029</td><td>8,177</td><td>6,442</td><td>929</td><td>204</td><td>603</td><td>3,149</td><td>104</td></tr><tr><td>1938</td><td>6,242</td><td>5,674</td><td>359</td><td>208</td><td>387</td><td>5,855</td><td>7,239</td><td>5,869</td><td>1,029</td><td>121</td><td>220</td><td>1,384</td><td>65</td></tr><tr><td>1939</td><td>5,668</td><td>5,161</td><td>319</td><td>188</td><td>503</td><td>5,165</td><td>8,707</td><td>7,226</td><td>1,206</td><td>92</td><td>182</td><td>3,542</td><td>58</td></tr><tr><td>1940</td><td>5,925</td><td>5,303</td><td>349</td><td>273 10/</td><td>538</td><td>5,387</td><td>8,998</td><td>7,061</td><td>1,657</td><td>54</td><td>226</td><td>3,611</td><td>129</td></tr><tr><td>1941</td><td>8,269</td><td>7,362</td><td>392</td><td>515 11/</td><td>661</td><td>7,607</td><td>12,711</td><td>6,441 12/</td><td>6,080</td><td>-136 12/</td><td>325</td><td>5,103</td><td>64</td></tr><tr><td>1940-October</td><td>365</td><td>319</td><td>29</td><td>17</td><td>32</td><td>333</td><td>869</td><td>570</td><td>297</td><td>-5</td><td>7</td><td>536</td><td>1</td></tr><tr><td>November</td><td>485</td><td>438</td><td>28</td><td>18</td><td>123</td><td>362</td><td>817</td><td>435</td><td>379</td><td>-23</td><td>26</td><td>455</td><td>1</td></tr><tr><td>December</td><td>741</td><td>693</td><td>30</td><td>18</td><td>1</td><td>740</td><td>1,172</td><td>697</td><td>470</td><td>-</td><td>5</td><td>432</td><td>15</td></tr><tr><td>1941-January</td><td>372</td><td>319</td><td>33</td><td>19</td><td>32</td><td>340</td><td>1,111</td><td>514</td><td>569</td><td>2</td><td>26</td><td>771</td><td>7</td></tr><tr><td>February</td><td>674</td><td>502</td><td>32</td><td>140</td><td>132</td><td>541</td><td>1,075</td><td>462</td><td>584</td><td>1</td><td>29</td><td>534</td><td>2</td></tr><tr><td>March</td><td>1,567</td><td>1,513</td><td>40</td><td>14</td><td>1</td><td>1,566</td><td>1,399</td><td>627</td><td>748</td><td>1</td><td>23</td><td>-167</td><td>2</td></tr><tr><td>April</td><td>602</td><td>362</td><td>49</td><td>191</td><td>37</td><td>565</td><td>1,315</td><td>522</td><td>763</td><td>2</td><td>23</td><td>750</td><td>1</td></tr><tr><td>May</td><td>541</td><td>483</td><td>41</td><td>17</td><td>147</td><td>394</td><td>1,141</td><td>389</td><td>837</td><td>-97</td><td>12</td><td>747</td><td>1</td></tr><tr><td>June</td><td>1,277</td><td>1,211</td><td>38</td><td>28</td><td>1</td><td>1,276</td><td>1,528</td><td>708</td><td>812</td><td>-1</td><td>10</td><td>252</td><td>17</td></tr><tr><td>July</td><td>456</td><td>400</td><td>37</td><td>19</td><td>43</td><td>413</td><td>1,598</td><td>468</td><td>960</td><td>2</td><td>169</td><td>1,185</td><td>3</td></tr><tr><td>August</td><td>554</td><td>501</td><td>35</td><td>19</td><td>157</td><td>397</td><td>1,529</td><td>388</td><td>1,124</td><td>3</td><td>14</td><td>1,133</td><td>34</td></tr><tr><td>September</td><td>1,136</td><td>1,077</td><td>36</td><td>23</td><td>1</td><td>1,135</td><td>1,874</td><td>546</td><td>1,320</td><td>2</td><td>6</td><td>739</td><td>8</td></tr><tr><td>October</td><td>489</td><td>431</td><td>34</td><td>23</td><td>43</td><td>445</td><td>2,083</td><td>495</td><td>1,527</td><td>15</td><td>45</td><td>1,637</td><td>7</td></tr></table>
Sources: Daily Treasury Statements.
Note: The classifications for reflecting expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted to reflect these expenditures as Transfers to trust accounts, etc., rather than General.
* Less than $500,000.
1/ Excludes public debt retirements.
2/ For further details, see Table 2.
3/ For further details, see chapter on Customs Statistics.
4/ Beginning July 1940, 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 of the Treasury for administrative expenses) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items 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 later periods.
5/ For further details, see Table 3.
6/ For further details, see Table 4.
7/ For further details, see Table 5. Also see footnote 4/.
8/ Total expenditures less net receipts.
9/ Represents retirements required by law chargeable to the Sinking Fund, and retirements under special provisions of law from other funds.
10/ Includes partial return of amounts paid to the Commodity Credit Corporation for the restoration of Capital impairment - $14 millions; and the repurchase by Federal savings and loan associations of the Treasury Department's investment in their shares - $10 millions.
11/ Includes recoveries of U.S. investments in capital funds as follows: Reconstruction Finance Corporation stock retired - $175 millions; Federal Home Loan Bank stock (resold to Reconstruction Finance Corporation) - $125 millions; retirement of Treasury investment in Federal Savings and Loan Association shares - $10 millions; sale to Reconstruction Finance Corporation of bonds held by Public Works Administration - $9 millions.
12/ Receipts from capital stock and paid-in surplus reductions that are available to be released under existing law are not reflected under receipts, but rather are included as negative items under expenditures. During the fiscal year 1941, reductions in capital in this manner were as follows: Under general expenditures: Banks for cooperatives - $50 millions, and Federal land banks - $100 millions; under revolving funds: Federal Farm Mortgage Corporation - $100 millions, Federal intermediate credit banks - $40 millions, and production credit corporations - $15 millions; a total of $315 millions.
Table 2.
Analysis of Receipts from Internal Revenue
(In millions of dollars)
<table><tr><th>Piecals year or month</th><th>Total</th><th>Income and profits taxe 2/</th><th>Total</th><th colspan="2">Employment taxes 3/</th><th>Carriers' Taxing Act of 1937 (Railroad retirement)</th><th>Miscellaneous internal revenue 4/</th><th>Agricultural adjustment taxes</th></tr><tr><th></th><th></th><th></th><th></th><th>Federal Insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th></th><th></th><th></th></tr><tr><td>1933</td><td>1,604</td><td>746</td><td>-</td><td>-</td><td>-</td><td>-</td><td>858</td><td>-</td></tr><tr><td>1934</td><td>2,641</td><td>818</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,470</td><td>353</td></tr><tr><td>1935</td><td>3,278</td><td>1,099</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,657</td><td>521</td></tr><tr><td>1936</td><td>3,513</td><td>1,427</td><td>*</td><td>-</td><td>-</td><td>*</td><td>2,010</td><td>77</td></tr><tr><td>1937</td><td>4,597</td><td>2,163</td><td>253</td><td>194</td><td>58</td><td>-</td><td>2,181</td><td>-</td></tr><tr><td>1938</td><td>5,674</td><td>2,640</td><td>755</td><td>511</td><td>90</td><td>150</td><td>2,279</td><td>-</td></tr><tr><td>1939</td><td>5,161</td><td>2,189</td><td>740</td><td>530</td><td>101</td><td>109</td><td>2,232</td><td>-</td></tr><tr><td>1940</td><td>5,303</td><td>2,125</td><td>833</td><td>605</td><td>108</td><td>121</td><td>2,345</td><td>-</td></tr><tr><td>1941</td><td>7,362</td><td>3,470</td><td>925</td><td>691</td><td>98</td><td>137</td><td>2,967</td><td>-</td></tr><tr><td>1940-October</td><td>319</td><td>44</td><td>38</td><td>35</td><td>3</td><td>*</td><td>237</td><td>-</td></tr><tr><td>November</td><td>438</td><td>49</td><td>138</td><td>125</td><td>8</td><td>5</td><td>252</td><td>-</td></tr><tr><td>December</td><td>693</td><td>429</td><td>33</td><td>3</td><td>1</td><td>29</td><td>231</td><td>-</td></tr><tr><td>1941-January</td><td>319</td><td>63</td><td>47</td><td>34</td><td>12</td><td>1</td><td>210</td><td>-</td></tr><tr><td>February</td><td>502</td><td>104</td><td>193</td><td>134</td><td>53</td><td>5</td><td>204</td><td>-</td></tr><tr><td>March</td><td>1,513</td><td>1,208</td><td>32</td><td>3</td><td>1</td><td>29</td><td>273</td><td>-</td></tr><tr><td>April</td><td>362</td><td>75</td><td>43</td><td>39</td><td>2</td><td>1</td><td>244</td><td>-</td></tr><tr><td>May</td><td>483</td><td>63</td><td>165</td><td>150</td><td>7</td><td>8</td><td>254</td><td>-</td></tr><tr><td>June</td><td>1,211</td><td>916</td><td>30</td><td>3</td><td>1</td><td>26</td><td>265</td><td>-</td></tr><tr><td>July</td><td>400</td><td>84</td><td>48</td><td>45</td><td>2</td><td>1</td><td>268</td><td>-</td></tr><tr><td>August</td><td>501</td><td>59</td><td>173</td><td>160</td><td>7</td><td>6</td><td>269</td><td>-</td></tr><tr><td>September</td><td>1,077</td><td>780</td><td>35</td><td>3</td><td>1</td><td>31</td><td>261</td><td>-</td></tr><tr><td>October</td><td>431</td><td>68</td><td>49</td><td>46</td><td>2</td><td>1</td><td>314</td><td>-</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ For further details, see chapter on Internal Revenue Statistics.
2/ Includes unjust enrichment tax.
3/ For the period prior to September 1979, 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.
4/ Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' and retailers' excise taxes and estate tax.
6
Budget Receipts and Expenditures - (Continued)
Table 3.- Analysis of General Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>Veterans' Administration 1/</th><th>Public Works 2/</th><th>Aid to agriculture 3/</th><th>Grants to States under the Social Security Act 4/</th><th>Work Projects Administration and National Youth Administration 5/</th><th>Federal Emergency Relief Administration and Civil Works Administration 6/</th><th>Civilian Conservation Corps</th><th>Interest on the public debt</th><th>Other departmental 7/</th><th>Other general expenditures 8/</th></tr><tr><td>1933</td><td>2,989</td><td>763</td><td>442</td><td>102</td><td>-</td><td>-</td><td>336</td><td>14</td><td>689</td><td>357</td><td>285</td></tr><tr><td>1934</td><td>4,914</td><td>507</td><td>549</td><td>429</td><td>-</td><td>-</td><td>1,513</td><td>332</td><td>757</td><td>313</td><td>514</td></tr><tr><td>1935</td><td>5,905</td><td>557</td><td>679</td><td>930</td><td>-</td><td>-</td><td>1,811</td><td>436</td><td>821</td><td>364</td><td>287</td></tr><tr><td>1936</td><td>5,941</td><td>578</td><td>685</td><td>966</td><td>28</td><td>1,264</td><td>495</td><td>486</td><td>749</td><td>424</td><td>265</td></tr><tr><td>1937</td><td>6,442</td><td>581</td><td>803</td><td>988</td><td>167</td><td>1,896</td><td>-1</td><td>386</td><td>866</td><td>510</td><td>245</td></tr><tr><td>1938</td><td>5,869</td><td>582</td><td>670</td><td>866</td><td>271</td><td>1,472</td><td>4</td><td>326</td><td>926</td><td>481</td><td>269</td></tr><tr><td>1939</td><td>7,226</td><td>557</td><td>900</td><td>1,237</td><td>320</td><td>2,240</td><td>2</td><td>290</td><td>941</td><td>517</td><td>223</td></tr><tr><td>1940</td><td>7,061</td><td>557</td><td>890</td><td>1,546</td><td>357</td><td>1,572</td><td>1</td><td>283</td><td>1,041</td><td>549</td><td>265</td></tr><tr><td>1941</td><td>6,441</td><td>553</td><td>715</td><td>1,006 9/</td><td>415</td><td>1,421</td><td>-</td><td>257</td><td>1,111</td><td>633</td><td>330</td></tr><tr><td>1940-October</td><td>570</td><td>48</td><td>86</td><td>94</td><td>54</td><td>118</td><td>-</td><td>22</td><td>73</td><td>53</td><td>21</td></tr><tr><td>November</td><td>435</td><td>46</td><td>73</td><td>70</td><td>34</td><td>114</td><td>-</td><td>20</td><td>11</td><td>53</td><td>15</td></tr><tr><td>December</td><td>697</td><td>46</td><td>62</td><td>123</td><td>16</td><td>127</td><td>-</td><td>23</td><td>219</td><td>57</td><td>25</td></tr><tr><td>1941-January</td><td>514</td><td>46</td><td>51</td><td>121</td><td>51</td><td>120</td><td>-</td><td>21</td><td>25</td><td>50</td><td>30</td></tr><tr><td>February</td><td>462</td><td>45</td><td>47</td><td>109</td><td>27</td><td>116</td><td>-</td><td>18</td><td>21</td><td>51</td><td>28</td></tr><tr><td>March</td><td>627</td><td>46</td><td>49</td><td>118</td><td>33</td><td>131</td><td>-</td><td>22</td><td>150</td><td>53</td><td>22</td></tr><tr><td>April</td><td>522</td><td>46</td><td>42</td><td>85</td><td>47</td><td>121</td><td>-</td><td>21</td><td>73</td><td>52</td><td>37</td></tr><tr><td>May</td><td>389</td><td>47</td><td>47</td><td>32</td><td>32</td><td>121</td><td>-</td><td>19</td><td>12</td><td>56</td><td>23</td></tr><tr><td>June</td><td>708</td><td>45</td><td>51</td><td>42</td><td>14</td><td>110</td><td>-</td><td>20</td><td>339</td><td>52</td><td>33</td></tr><tr><td>July</td><td>468</td><td>46</td><td>60</td><td>78</td><td>57</td><td>106</td><td>-</td><td>21</td><td>25</td><td>47</td><td>21</td></tr><tr><td>August</td><td>388</td><td>46</td><td>63</td><td>52</td><td>40</td><td>82</td><td>-</td><td>19</td><td>9</td><td>56</td><td>21</td></tr><tr><td>September</td><td>546</td><td>46</td><td>61</td><td>66</td><td>30</td><td>86</td><td>-</td><td>18</td><td>169</td><td>55</td><td>15</td></tr><tr><td>October</td><td>495</td><td>48</td><td>68</td><td>71</td><td>53</td><td>88</td><td>-</td><td>17</td><td>75</td><td>55</td><td>21</td></tr></table>
Sources: Daily Treasury Statements. Note: The classifications for reflecting expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted to reflect these expenditures as Transfers to trust accounts, etc., rather than General (Aid to Agriculture). 1/ Includes public works undertaken by the Veterans' Administration. Additional expenditures included in Table 5, transfers to trust account, etc., for the Adjusted Service Certificate Fund. 2/ Includes public buildings, public highways (including forest roads and trails), river and harbor work and flood control, Tennessee Valley Authority, U. S. Housing Authority, Reclamation projects and the Public Works Administration. Excludes certain expenditures for public works in connection with national defense activities by the Federal Works Agency, beginning July 1941, which are included in Table 4. Additional trans- actions are included under Revolving funds, Table 5. 3/ Comprises Agricultural Adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration, Farm Tenant Act, Rural Electrification Administration, and Department of Agriculture departmental ex- penditures. Additional transactions are included under Revolving funds, Table 5. 4/ For further information, see tables on social insurance accounts in this chapter. 5/ Work Projects Administration was formerly Works Progress Administration. 6/ Includes expenditures of the Reconstruction Finance Corporation for relief through loans and grants to States, municipalities, etc. 7/ Excludes expenditures for the U. S. Maritime Commission, grants to States by the Department of Labor under the Social Security Act, and the De- partment of Agriculture departmental expenditures. 8/ Includes expenditures for the following: Office of Education, Public Health Service and administrative expenses of the Social Security Board of the Federal Security Agency; refunds of taxes and duties by the Treasury Department; Post Office Department postal deficiency; and the Panama Canal. 9/ Gross expenditures have been reduced $160 millions representing the repayments of capital funds by certain governmental agencies.
Table 4.- Analysis of National Defense Expenditures
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total</th><th>War Department</th><th>Navy Department</th><th>Defense aid (Land-lease)</th><th>Total miscellaneous national defense</th><th>Defense housing (Federal Works Agency)</th><th>Federal Security Agency 2/</th><th>National defense funds for the President</th><th>Selective Service (administrative expenses)</th><th>United States Maritime Commission 3/</th><th>Other national defense expenditures</th></tr><tr><td>1933</td><td>680</td><td>302</td><td>350</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>-</td></tr><tr><td>1934</td><td>531</td><td>243</td><td>297</td><td>-</td><td>-10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-10</td><td>-</td></tr><tr><td>1935</td><td>689</td><td>273</td><td>436</td><td>-</td><td>-21</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-21</td><td>-</td></tr><tr><td>1936</td><td>900</td><td>383</td><td>529</td><td>-</td><td>-12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-12</td><td>-</td></tr><tr><td>1937</td><td>929</td><td>378</td><td>557</td><td>-</td><td>-6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-6</td><td>-</td></tr><tr><td>1938</td><td>1,029</td><td>432</td><td>596</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td></tr><tr><td>1939</td><td>1,206</td><td>490</td><td>673</td><td>-</td><td>44</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td></tr><tr><td>1940</td><td>1,657</td><td>667</td><td>891</td><td>-</td><td>99</td><td>-</td><td>-</td><td>-</td><td>-</td><td>99</td><td>-</td></tr><tr><td>1941</td><td>6,080</td><td>3,636</td><td>2,217</td><td>21</td><td>207</td><td>42</td><td>-</td><td>103</td><td>18</td><td>144</td><td>-</td></tr><tr><td>1940-October</td><td>297</td><td>134</td><td>150</td><td>-</td><td>13</td><td>-</td><td>-</td><td>3</td><td>*</td><td>10</td><td>-</td></tr><tr><td>November</td><td>379</td><td>196</td><td>169</td><td>-</td><td>14</td><td>-</td><td>-</td><td>10</td><td>1</td><td>3</td><td>-</td></tr><tr><td>December</td><td>470</td><td>281</td><td>179</td><td>-</td><td>10</td><td>*</td><td>-</td><td>10</td><td>3</td><td>-3</td><td>-</td></tr><tr><td>1941-January</td><td>569</td><td>346</td><td>216</td><td>-</td><td>7</td><td>*</td><td>-</td><td>9</td><td>2</td><td>-4</td><td>-</td></tr><tr><td>February</td><td>584</td><td>404</td><td>172</td><td>-</td><td>8</td><td>*</td><td>-</td><td>15</td><td>2</td><td>-9</td><td>-</td></tr><tr><td>March</td><td>748</td><td>544</td><td>185</td><td>-</td><td>20</td><td>1</td><td>-</td><td>13</td><td>3</td><td>3</td><td>-</td></tr><tr><td>April</td><td>763</td><td>516</td><td>220</td><td>-</td><td>27</td><td>3</td><td>-</td><td>18</td><td>2</td><td>4</td><td>-</td></tr><tr><td>May</td><td>837</td><td>456</td><td>338</td><td>7</td><td>36</td><td>7</td><td>-</td><td>24</td><td>2</td><td>3</td><td>-</td></tr><tr><td>June</td><td>812</td><td>507</td><td>247</td><td>15</td><td>43</td><td>31</td><td>-</td><td>*</td><td>2</td><td>10</td><td>-</td></tr><tr><td>July</td><td>960</td><td>508</td><td>339</td><td>34</td><td>78</td><td>19</td><td>3</td><td>15</td><td>2</td><td>28</td><td>11</td></tr><tr><td>August</td><td>1,124</td><td>579</td><td>416</td><td>69</td><td>59</td><td>25</td><td>29</td><td>15</td><td>2</td><td>-25</td><td>13</td></tr><tr><td>September</td><td>1,320</td><td>700</td><td>377</td><td>140</td><td>102</td><td>23</td><td>16</td><td>17</td><td>2</td><td>26</td><td>13</td></tr><tr><td>October</td><td>1,527</td><td>786</td><td>442</td><td>192</td><td>107</td><td>39</td><td>12</td><td>17</td><td>2</td><td>21</td><td>16</td></tr></table>
Source: Daily Treasury Statements.
* Less than $500,000.
1/ Additional expenditures attributable to national defense for years prior to fiscal year 1942 but payable from funds which supplemented regular appropriations of the civil establishments, are included in Table 3.
2/ Expenditures in the fiscal year 1941 from appropriations for national defense activities are included under Other general expenditures in Table 3.
3/ Includes emergency ship construction, beginning in the month of March 1941.
4/ The classifications in this column begin in July 1941; similar items for previous periods are classified under Other departmental and Other general expenditures in Table 3. Includes the Civil Aeronautics Administration and the Panama Canal.
7
Budget Receipts and Expenditures - (Continued)
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) 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) 1/</th><th colspan="6">Transfers to trust accounts, etc. 2/</th></tr><tr><th>Total</th><th>Aid to agriculture 3/</th><th>Public works 4/</th><th>Total</th><th>Adjusted Service Certificate Fund 5/</th><th>Railroad Retirement Account</th><th>Railroad Unemployment Insurance Administration Fund transfer to Unemployment Trust Fund 6/</th><th>Government employees' retirement funds (U. S. share)</th><th>Surplus Marketing Administration (surplus commodity stamps)</th></tr><tr><td>1933</td><td>74</td><td>74</td><td>-</td><td>121</td><td>100</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1934</td><td>496</td><td>346</td><td>149</td><td>71</td><td>50</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1935</td><td>345</td><td>141</td><td>204</td><td>71</td><td>50</td><td>-</td><td>-</td><td>21</td><td>-</td></tr><tr><td>1936</td><td>11</td><td>-33</td><td>44</td><td>1,814</td><td>1,773</td><td>-</td><td>-</td><td>41</td><td>-</td></tr><tr><td>1937</td><td>204</td><td>-18</td><td>221</td><td>603</td><td>557</td><td>-</td><td>-</td><td>47</td><td>-</td></tr><tr><td>1938</td><td>121</td><td>-13</td><td>134</td><td>220</td><td>-</td><td>146</td><td>-</td><td>73</td><td>-</td></tr><tr><td>1939</td><td>92</td><td>-8</td><td>101</td><td>182</td><td>-</td><td>107</td><td>-</td><td>75</td><td>*</td></tr><tr><td>1940</td><td>54</td><td>-6</td><td>59</td><td>226</td><td>-</td><td>121</td><td>-</td><td>87</td><td>18</td></tr><tr><td>1941</td><td>-136</td><td>-159</td><td>23</td><td>325</td><td>10</td><td>124</td><td>8</td><td>93</td><td>91</td></tr><tr><td>1940-October</td><td>-5</td><td>-11</td><td>6</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7</td></tr><tr><td>November</td><td>-23</td><td>-26</td><td>3</td><td>26</td><td>-</td><td>20</td><td>-</td><td>-</td><td>6</td></tr><tr><td>December</td><td>*</td><td>-1</td><td>*</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td></tr><tr><td>1941-January</td><td>2</td><td>*</td><td>2</td><td>26</td><td>-</td><td>10</td><td>8</td><td>-</td><td>8</td></tr><tr><td>February</td><td>1</td><td>*</td><td>1</td><td>29</td><td>-</td><td>20</td><td>-</td><td>-</td><td>9</td></tr><tr><td>March</td><td>1</td><td>*</td><td>2</td><td>23</td><td>-</td><td>10</td><td>-</td><td>-</td><td>13</td></tr><tr><td>April</td><td>2</td><td>*</td><td>2</td><td>28</td><td>10</td><td>8</td><td>-</td><td>-</td><td>10</td></tr><tr><td>May</td><td>-97</td><td>-100</td><td>3</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td></tr><tr><td>June</td><td>-1</td><td>*</td><td>-1</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10</td></tr><tr><td>July</td><td>2</td><td>*</td><td>2</td><td>169</td><td>-</td><td>46</td><td>4</td><td>103</td><td>15</td></tr><tr><td>August</td><td>3</td><td>*</td><td>3</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>14</td></tr><tr><td>September</td><td>2</td><td>*</td><td>2</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td></tr><tr><td>October</td><td>15</td><td>15</td><td>1</td><td>45</td><td>-</td><td>32</td><td>-</td><td>-</td><td>14</td></tr></table>
Source: Daily Treasury Statement.
Note: The classifications for reflecting expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted to reflect these expenditures as Transfers to trust accounts, etc., rather than General.
* Less than $500,000.
1/ Additional transactions on Aid to agriculture and Public works are shown in Table 3.
2/ Excludes amounts transferred to the Federal Old-Age and Survivors Insurance Trust Fund (formerly Old-Age Reserve Account). Such amounts are shown instead in Table 1 as deductions from total budget receipts to arrive at a figure called net receipts, and are reflected under trust account receipts as net appropriations to the Federal Old-Age and Survivors Insurance Trust Fund.
3/ Farm Credit Administration.
4/ Public Works Administration.
5/ Administered by the Veterans' Administration.
6/ Act of October 10, 1940.
7/ Reflects reduction of expenditures through recoveries of investments in capital funds of Governmental agencies aggregating $155 millions.
Table 6.- Totals by Months, Beginning with 1933
(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>Net 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>1933</td><td>116</td><td>112</td><td>272</td><td>114</td><td>157</td><td>286</td><td>163</td><td>188</td><td>321</td><td>256</td><td>209</td><td>332</td><td>2,526</td></tr><tr><td>1934</td><td>211</td><td>206</td><td>420</td><td>182</td><td>237</td><td>391</td><td>218</td><td>286</td><td>449</td><td>260</td><td>247</td><td>385</td><td>3,492</td></tr><tr><td>1935</td><td>203</td><td>214</td><td>601</td><td>228</td><td>246</td><td>464</td><td>279</td><td>299</td><td>421</td><td>235</td><td>234</td><td>434</td><td>3,857</td></tr><tr><td>1936</td><td>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>967</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>916</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>572</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>279</td><td>364</td><td>521</td><td>4,918</td></tr><tr><td>1940</td><td>315</td><td>l44</td><td>799</td><td>304</td><td>400</td><td>649</td><td>331</td><td>447</td><td>711</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>1,566</td><td>565</td><td>394</td><td>1,276</td><td>413</td><td>397</td><td>1,135</td><td>445</td><td></td><td></td><td></td></tr><tr><td>Total expenditures 2/</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1933</td><td>272</td><td>246</td><td>341</td><td>415</td><td>323</td><td>450</td><td>301</td><td>292</td><td>342</td><td>537</td><td>361</td><td>507</td><td>4,389</td></tr><tr><td>1934</td><td>695</td><td>534</td><td>573</td><td>643</td><td>484</td><td>643</td><td>611</td><td>561</td><td>544</td><td>701</td><td>559</td><td>636</td><td>7,284</td></tr><tr><td>1935</td><td>482</td><td>528</td><td>570</td><td>599</td><td>527</td><td>693</td><td>561</td><td>424</td><td>570</td><td>632</td><td>489</td><td>607</td><td>6,682</td></tr><tr><td>1936</td><td>521</td><td>480</td><td>636</td><td>631</td><td>686</td><td>2,427</td><td>656</td><td>574</td><td>676</td><td>677</td><td>564</td><td>716</td><td>9,244</td></tr><tr><td>1937</td><td>539</td><td>546</td><td>766</td><td>695</td><td>514</td><td>1,253</td><td>635</td><td>517</td><td>632</td><td>565</td><td>457</td><td>635</td><td>7,754</td></tr><tr><td>1938</td><td>492</td><td>474</td><td>705</td><td>631</td><td>566</td><td>930</td><td>725</td><td>645</td><td>718</td><td>737</td><td>646</td><td>830</td><td>8,097</td></tr><tr><td>1939</td><td>656</td><td>612</td><td>820</td><td>730</td><td>694</td><td>895</td><td>764</td><td>774</td><td>741</td><td>721</td><td>648</td><td>832</td><td>8,885</td></tr><tr><td>1940</td><td>712</td><td>668</td><td>822</td><td>783</td><td>647</td><td>887</td><td>818</td><td>706</td><td>759</td><td>869</td><td>817</td><td>1,172</td><td>9,657</td></tr><tr><td>1941</td><td>1,111</td><td>1,075</td><td>1,399</td><td>1,315</td><td>1,141</td><td>1,528</td><td>1,598</td><td>1,529</td><td>1,874</td><td>2,083</td><td></td><td></td><td></td></tr><tr><td>Net budget deficit 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>1933</td><td>156</td><td>134</td><td>69</td><td>301</td><td>166</td><td>164</td><td>138</td><td>104</td><td>21</td><td>281</td><td>152</td><td>175</td><td>1,863</td></tr><tr><td>1934</td><td>484</td><td>428</td><td>153</td><td>461</td><td>247</td><td>252</td><td>393</td><td>275</td><td>95</td><td>441</td><td>312</td><td>251</td><td>3,792</td></tr><tr><td>1935</td><td>279</td><td>314</td><td>-31</td><td>371</td><td>281</td><td>230</td><td>282</td><td>125</td><td>149</td><td>397</td><td>255</td><td>173</td><td>2,825</td></tr><tr><td>1936</td><td>293</td><td>262</td><td>-116</td><td>400</td><td>430</td><td>1,898</td><td>362</td><td>231</td><td>177</td><td>405</td><td>331</td><td>199</td><td>4,872</td></tr><tr><td>1937</td><td>300</td><td>316</td><td>-200</td><td>377</td><td>224</td><td>425</td><td>268</td><td>105</td><td>-115</td><td>273</td><td>171</td><td>-188</td><td>1,956</td></tr><tr><td>1938</td><td>198</td><td>166</td><td>-212</td><td>359</td><td>193</td><td>156</td><td>451</td><td>195</td><td>40</td><td>437</td><td>296</td><td>157</td><td>2,447</td></tr><tr><td>1939</td><td>385</td><td>245</td><td>132</td><td>517</td><td>348</td><td>339</td><td>499</td><td>402</td><td>65</td><td>442</td><td>284</td><td>311</td><td>3,967</td></tr><tr><td>1940</td><td>398</td><td>224</td><td>22</td><td>479</td><td>247</td><td>237</td><td>487</td><td>258</td><td>48</td><td>536</td><td>455</td><td>432</td><td>3,823</td></tr><tr><td>1941</td><td>771</td><td>534</td><td>-167</td><td>750</td><td>747</td><td>252</td><td>1,185</td><td>1,133</td><td>739</td><td>1,637</td><td></td><td></td><td></td></tr></table>
Source: Daily Treasury Statements.
1/ Beginning July 1940, 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 of the Treasury for administrative expenses) have been deducted from total budget receipts in the Daily Treasury Statement to arrive at a figure called net receipts. Such deduction items 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 later periods.
2/ Excludes public debt retirements.
3/ Total expenditures less net receipts.
8
BUDGET RECEIPTS AND EXPENDITURES
9
Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc.
Table 1.- Trust Funds
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Total trust funds, net receipts (+) or net expenditures (-)</th><th colspan="3">Federal Old-Age and Survivors Insurance Trust Fund</th><th colspan="3">Unemployment Trust Fund</th><th colspan="3">Railroad Retirement Account</th><th colspan="3">Other trust accounts 1/</th></tr><tr><th></th><th></th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th></tr><tr><td>1933</td><td>-5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-5</td><td>280</td><td>285</td></tr><tr><td>1934</td><td>+24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+24</td><td>233</td><td>210</td></tr><tr><td>1935</td><td>+64</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>+64</td><td>301</td><td>237</td></tr><tr><td>1936</td><td>+34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>19</td><td>19</td><td>-</td><td>-</td><td>-</td><td>+34</td><td>2,053</td><td>2,020</td></tr><tr><td>1937</td><td>+19</td><td>-</td><td>267</td><td>267</td><td>-</td><td>294</td><td>294</td><td>-</td><td>-</td><td>-</td><td>+20</td><td>856</td><td>838</td></tr><tr><td>1938</td><td>+11</td><td>+1</td><td>402</td><td>401</td><td>+12</td><td>763</td><td>751</td><td>+2</td><td>148</td><td>146</td><td>-4</td><td>323</td><td>327</td></tr><tr><td>1939</td><td>+29</td><td>+1</td><td>530</td><td>529</td><td>+1</td><td>838</td><td>837</td><td>+2</td><td>109</td><td>107</td><td>+24</td><td>349</td><td>325</td></tr><tr><td>1940</td><td>+37</td><td>+3</td><td>580</td><td>577</td><td>+1</td><td>959</td><td>957</td><td>-2</td><td>123</td><td>125</td><td>+35</td><td>366</td><td>331</td></tr><tr><td>1941</td><td>+37</td><td>+10</td><td>717</td><td>707</td><td>-4</td><td>1,114</td><td>1,118</td><td>+11</td><td>127</td><td>116</td><td>+20</td><td>409</td><td>389</td></tr><tr><td>1940-October</td><td>+18</td><td>+32</td><td>32</td><td>*</td><td>-8</td><td>107</td><td>115</td><td>-10</td><td>-</td><td>10</td><td>+4</td><td>26</td><td>22</td></tr><tr><td>November</td><td>+34</td><td>+123</td><td>123</td><td>*</td><td>+1</td><td>145</td><td>144</td><td>+10</td><td>20</td><td>10</td><td>*</td><td>17</td><td>16</td></tr><tr><td>December</td><td>-163</td><td>-155</td><td>1</td><td>156</td><td>+8</td><td>52</td><td>44</td><td>-10</td><td>-</td><td>10</td><td>-6</td><td>17</td><td>23</td></tr><tr><td>1941-January</td><td>+47</td><td>+37</td><td>32</td><td>-5</td><td>+8</td><td>78</td><td>70</td><td>*</td><td>10</td><td>10</td><td>+2</td><td>22</td><td>21</td></tr><tr><td>February</td><td>+136</td><td>+132</td><td>132</td><td>1</td><td>-7</td><td>149</td><td>156</td><td>+10</td><td>20</td><td>10</td><td>+1</td><td>18</td><td>17</td></tr><tr><td>March</td><td>-156</td><td>-166</td><td>1</td><td>167</td><td>+2</td><td>28</td><td>27</td><td>*</td><td>10</td><td>10</td><td>+8</td><td>27</td><td>20</td></tr><tr><td>April</td><td>+36</td><td>+41</td><td>37</td><td>-3</td><td>-6</td><td>69</td><td>75</td><td>-2</td><td>8</td><td>10</td><td>+3</td><td>38</td><td>35</td></tr><tr><td>May</td><td>+136</td><td>+146</td><td>143</td><td>2</td><td>*</td><td>167</td><td>167</td><td>-9</td><td>*</td><td>9</td><td>+1</td><td>23</td><td>22</td></tr><tr><td>June</td><td>-185</td><td>-186</td><td>56</td><td>241</td><td>+1</td><td>51</td><td>49</td><td>+2</td><td>2</td><td>*</td><td>-2</td><td>66</td><td>68</td></tr><tr><td>July</td><td>+41</td><td>+45</td><td>43</td><td>-3</td><td>-7</td><td>82</td><td>89</td><td>+2</td><td>46</td><td>44</td><td>+1</td><td>127</td><td>126</td></tr><tr><td>August</td><td>+160</td><td>+159</td><td>157</td><td>-2</td><td>+5</td><td>176</td><td>171</td><td>-4</td><td>*</td><td>4</td><td>*</td><td>20</td><td>19</td></tr><tr><td>September</td><td>-196</td><td>-202</td><td>1</td><td>203</td><td>-*</td><td>24</td><td>24</td><td>+1</td><td>*</td><td>*</td><td>+6</td><td>28</td><td>21</td></tr><tr><td>October</td><td>+47</td><td>+45</td><td>44</td><td>-2</td><td>-5</td><td>74</td><td>79</td><td>*</td><td>32</td><td>32</td><td>+7</td><td>31</td><td>23</td></tr></table>
Source: Daily Treasury Statements.
Note: The classifications for reflecting receipts and expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted. Changes in classifications were made in the columns under Other trust accounts.
* Less than $500,000.
1/ Includes Government insurance and retirement funds, etc.
Table 2.- Other Funds
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th colspan="3">Transactions in checking accounts of Government agencies, etc.</th><th colspan="3">Increment on gold</th><th colspan="3">Seigniorage on silver</th><th colspan="3">Miscellaneous funds and accounts 2/</th></tr><tr><th></th><th>Total all transactions</th><th>Issuance of obligations 1/</th><th>Other transactions</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th><th>Net</th><th>Receipts</th><th>Expenditures</th></tr><tr><td>1933</td><td>-818</td><td>3/</td><td>3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>-734</td><td>3/</td><td>3/</td><td>+811</td><td>2,811</td><td>2,000</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>+637</td><td>3/</td><td>3/</td><td>-111</td><td>2</td><td>113</td><td>+140</td><td>140</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>+108</td><td>3/</td><td>3/</td><td>-103</td><td>1</td><td>404</td><td>+176</td><td>176</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1937</td><td>+314</td><td>3/</td><td>3/</td><td>-99</td><td>2</td><td>101</td><td>+40</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1938</td><td>+204</td><td>3/</td><td>3/</td><td>-51</td><td>1</td><td>52</td><td>+90</td><td>90</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1939</td><td>+768</td><td>+1,106</td><td>-337</td><td>-5</td><td>*</td><td>5</td><td>+90</td><td>90</td><td>-</td><td>+2</td><td>*</td><td>-2</td></tr><tr><td>1940</td><td>+34</td><td>+288</td><td>-254</td><td>*</td><td>*</td><td>*</td><td>+49</td><td>49</td><td>-</td><td>+16</td><td>43</td><td>27</td></tr><tr><td>1941</td><td>-217</td><td>+852</td><td>-1,069</td><td>*</td><td>*</td><td>*</td><td>+20</td><td>20</td><td>-</td><td>+11</td><td>244</td><td>233</td></tr><tr><td>1940-October</td><td>-52</td><td>-4</td><td>-148</td><td>*</td><td>*</td><td>-</td><td>+3</td><td>3</td><td>-</td><td>+8</td><td>17</td><td>9</td></tr><tr><td>November</td><td>+67</td><td>+176</td><td>-109</td><td>*</td><td>*</td><td>-</td><td>+1</td><td>1</td><td>-</td><td>+14</td><td>16</td><td>2</td></tr><tr><td>December</td><td>-43</td><td>-29</td><td>-14</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>-3</td><td>17</td><td>20</td></tr><tr><td>1941-January</td><td>-18</td><td>-3</td><td>-15</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>-16</td><td>21</td><td>37</td></tr><tr><td>February</td><td>-129</td><td>-1</td><td>-128</td><td>*</td><td>*</td><td>-</td><td>+1</td><td>1</td><td>-</td><td>-10</td><td>23</td><td>33</td></tr><tr><td>March</td><td>-69</td><td>-3</td><td>-66</td><td>*</td><td>*</td><td>-</td><td>+1</td><td>1</td><td>-</td><td>-12</td><td>30</td><td>42</td></tr><tr><td>April</td><td>+361</td><td>+629</td><td>-268</td><td>*</td><td>*</td><td>-</td><td>+1</td><td>1</td><td>-</td><td>+5</td><td>27</td><td>22</td></tr><tr><td>May</td><td>-411</td><td>-192</td><td>-219</td><td>*</td><td>*</td><td>-</td><td>+1</td><td>1</td><td>-</td><td>+9</td><td>31</td><td>22</td></tr><tr><td>June</td><td>-80</td><td>-*</td><td>-80</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>+3</td><td>28</td><td>24</td></tr><tr><td>July</td><td>+534</td><td>+569</td><td>-35</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>+21</td><td>33</td><td>12</td></tr><tr><td>August</td><td>-169</td><td>-3</td><td>-166</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>+5</td><td>31</td><td>27</td></tr><tr><td>September</td><td>-93</td><td>*</td><td>-93</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>-6</td><td>23</td><td>29</td></tr><tr><td>October</td><td>-272</td><td>-1</td><td>-270</td><td>*</td><td>*</td><td>-</td><td>+2</td><td>2</td><td>-</td><td>-3</td><td>30</td><td>33</td></tr></table>
Source: Daily Treasury Statements.
Note: The classifications for reflecting receipts and expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted. Changes in classifications were made in the columns under Transactions in checking accounts of Government agencies, etc., and Miscellaneous funds and accounts.
* Less than $500,000.
1/ Net receipts in this column constitute net sales, and net expenditures constitute net redemptions of obligations.
2/ Comprises PWA revolving fund, and special deposits (net). Also includes Surplus Marketing Administration commodity food stamp transactions.
3/ Details not available.
10
Means of Financing Cash Requirements
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Amount required to be financed</th><th colspan="3">Means of financing</th></tr><tr><th>Total amount required to be financed</th><th>Net budget deficit 1/</th><th>Net increase in General Fund balance</th><th>Net expenditures in trust accounts, increment on gold, etc. 2/</th><th>Total amount financed</th><th>Increase in public debt</th><th>Net decrease in General Fund balance</th><th>Net receipts in trust accounts, increment on gold, etc. 2/</th></tr><tr><td>1933</td><td>3,052</td><td>1,784</td><td>445</td><td>823</td><td>3,052</td><td>3,052</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>4,616</td><td>2,896</td><td>1,720</td><td>-</td><td>4,616</td><td>4,514</td><td>-</td><td>101</td></tr><tr><td>1935</td><td>3,209</td><td>3,209</td><td>-</td><td>-</td><td>3,209</td><td>1,648</td><td>741</td><td>821</td></tr><tr><td>1936</td><td>5,390</td><td>4,550</td><td>840</td><td>-</td><td>5,390</td><td>5,078</td><td>-</td><td>312</td></tr><tr><td>1937</td><td>3,149</td><td>3,149</td><td>-</td><td>-</td><td>3,149</td><td>2,646</td><td>128</td><td>374</td></tr><tr><td>1938</td><td>1,384</td><td>1,384</td><td>-</td><td>-</td><td>1,384</td><td>740</td><td>338</td><td>306</td></tr><tr><td>1939</td><td>4,164</td><td>3,542</td><td>622</td><td>-</td><td>4,164</td><td>3,275</td><td>-</td><td>890</td></tr><tr><td>1940</td><td>3,611</td><td>3,611</td><td>-</td><td>-</td><td>3,611</td><td>2,528</td><td>947</td><td>136</td></tr><tr><td>1941</td><td>5,994</td><td>5,103</td><td>742</td><td>148</td><td>5,994</td><td>5,994</td><td>-</td><td>-</td></tr><tr><td>1940-October</td><td>559</td><td>536</td><td>-</td><td>24</td><td>559</td><td>64</td><td>495</td><td>-</td></tr><tr><td>November</td><td>455</td><td>455</td><td>-</td><td>-</td><td>455</td><td>136</td><td>103</td><td>216</td></tr><tr><td>December</td><td>752</td><td>432</td><td>111</td><td>209</td><td>752</td><td>752</td><td>-</td><td>-</td></tr><tr><td>1941-January</td><td>868</td><td>771</td><td>97</td><td>-</td><td>868</td><td>852</td><td>-</td><td>15</td></tr><tr><td>February</td><td>537</td><td>534</td><td>-</td><td>3</td><td>537</td><td>213</td><td>324</td><td>-</td></tr><tr><td>March</td><td>1,083</td><td>-167 3/</td><td>1,014</td><td>236</td><td>1,083</td><td>1,083</td><td>-</td><td>-</td></tr><tr><td>April</td><td>750</td><td>750</td><td>-</td><td>-</td><td>750</td><td>58</td><td>290</td><td>403</td></tr><tr><td>May</td><td>1,011</td><td>747</td><td>-</td><td>264</td><td>1,011</td><td>490</td><td>521</td><td>-</td></tr><tr><td>June</td><td>1,241</td><td>252</td><td>729</td><td>259</td><td>1,241</td><td>1,241</td><td>-</td><td>-</td></tr><tr><td>July</td><td>1,185</td><td>1,185</td><td>-</td><td>-</td><td>1,185</td><td>551</td><td>34</td><td>599</td></tr><tr><td>August</td><td>1,408</td><td>1,133</td><td>274</td><td>2</td><td>1,408</td><td>1,408</td><td>-</td><td>-</td></tr><tr><td>September</td><td>1,033</td><td>739</td><td>-</td><td>293</td><td>1,033</td><td>425</td><td>607</td><td>-</td></tr><tr><td>October</td><td>2,238</td><td>1,637</td><td>376</td><td>225</td><td>2,238</td><td>2,238</td><td>-</td><td>-</td></tr></table>
Source. Daily Treasury Statements.
1/ Excludes public debt retirements.
2/ Comprises trust accounts, checking accounts of Government agencies, etc., increment on gold, seigniorage on silver, and miscellaneous funds and accounts. Increment on gold excludes expenditures for national bank note retirements.
3/ Net budget surplus.
11
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="4">Receipts</th><th colspan="5">Expenditures</th><th rowspan="2">Excess of expenditures 2/</th></tr><tr><th>Total</th><th>Federal insurance Contributions Act (Old-age insurance)</th><th>Federal Unemployment Tax Act (Unemployment insurance)</th><th>Less amount 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>Grant to States</th><th>Old-age assistance, etc.</th><th>Unemployment compensation administration</th><th>Refunds of taxes 3/</th></tr><tr><td>1936</td><td>-</td><td>194.3</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>514.4</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>530.4</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-October</td><td>37.2</td><td>34.5</td><td>2.7</td><td>32.1</td><td>5.1</td><td>56.9</td><td>2.8</td><td>53.9</td><td>38.7</td><td>15.2</td><td>.2</td><td>51.8</td></tr><tr><td>November</td><td>133.1</td><td>125.1</td><td>8.0</td><td>122.7</td><td>10.4</td><td>36.9</td><td>2.7</td><td>34.0</td><td>33.8</td><td>.2</td><td>.2</td><td>26.5</td></tr><tr><td>December</td><td>3.7</td><td>3.1</td><td>.6</td><td>.7</td><td>3.0</td><td>19.0</td><td>2.6</td><td>16.2</td><td>15.9</td><td>.3</td><td>.2</td><td>16.0</td></tr><tr><td>1941-January</td><td>46.0</td><td>33.9</td><td>12.1</td><td>31.8</td><td>14.2</td><td>53.3</td><td>2.5</td><td>50.7</td><td>37.2</td><td>13.5</td><td>.2</td><td>39.2</td></tr><tr><td>February</td><td>187.9</td><td>134.4</td><td>53.5</td><td>132.3</td><td>55.6</td><td>29.8</td><td>2.4</td><td>27.2</td><td>25.0</td><td>2.2</td><td>.2</td><td>-25.8</td></tr><tr><td>March</td><td>3.5</td><td>2.6</td><td>.9</td><td>.5</td><td>3.0</td><td>36.4</td><td>2.7</td><td>33.5</td><td>33.2</td><td>.3</td><td>.2</td><td>33.4</td></tr><tr><td>April</td><td>41.7</td><td>39.2</td><td>2.5</td><td>37.0</td><td>4.7</td><td>49.4</td><td>2.6</td><td>46.5</td><td>34.0</td><td>12.5</td><td>.3</td><td>44.7</td></tr><tr><td>May</td><td>157.1</td><td>149.7</td><td>7.4</td><td>147.5</td><td>9.6</td><td>34.9</td><td>2.6</td><td>32.0</td><td>30.5</td><td>1.5</td><td>.3</td><td>25.3</td></tr><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><tr><td>July</td><td>47.0</td><td>44.8</td><td>2.2</td><td>42.6</td><td>4.4</td><td>59.9</td><td>2.8</td><td>57.0</td><td>43.9</td><td>13.1</td><td>.2</td><td>55.5</td></tr><tr><td>August</td><td>167.0</td><td>159.5</td><td>7.5</td><td>157.3</td><td>9.7</td><td>43.1</td><td>2.6</td><td>40.1</td><td>36.2</td><td>3.9</td><td>.3</td><td>33.4</td></tr><tr><td>September</td><td>4.3</td><td>3.4</td><td>.9</td><td>1.2</td><td>3.1</td><td>33.1</td><td>2.7</td><td>30.3</td><td>26.2</td><td>4.1</td><td>.2</td><td>30.0</td></tr><tr><td>October</td><td>47.8</td><td>45.7</td><td>2.2</td><td>43.5</td><td>4.4</td><td>55.8</td><td>2.5</td><td>53.1</td><td>41.9</td><td>11.2</td><td>.2</td><td>51.4</td></tr></table>
Source: Daily Treasury Statements.
1/ Prior to January 1, 1940, figures represent amounts transferred to the Old-Age Reserve Account. From January 1 to July 1, 1940, transfers were made to the Federal Old-Age and Survivors Insurance Trust Fund. Subsequently receipts have been deposited to the General Fund of the Treasury and appropriated directly to the Federal Old-Age and Survivors Insurance Trust Fund. Amounts shown as transfers to the Trust Fund reflect deductions made for reimbursement to the General Fund account to cover administrative expenses, which are shown as an expenditure in table below.
2/ Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social Security Act and amounts for administrative expenses reimbursed to the General Fund of the Treasury under Section 201 (f) of the Social Security Act, as amended. Beginning July 1, 1940, includes also administrative expenses under the Wagner-Peyser Act. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Revenue of the Treasury Department, 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 rowspan="2">End of fiscal year or month</th><th colspan="4">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Credited to Trust Fund</th><th>Balance available in General Fund</th><th>Interest on investments</th><th>Total expenditures</th><th>Benefit payments</th><th>Reimbursement for administrative expenses 1/</th><th>Total</th><th>Investments</th><th>Unexpended To credit of Trust Fund on books of Treasury 2/</th><th>To credit of die-bureuring 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>-</td><td>-</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>5.4</td><td>5.4</td><td>-</td><td>1,150.3</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>19.3</td><td>19.3</td><td>-</td><td>1,744.7</td><td>1,738.1</td><td>1.5</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>47.4</td><td>35.1</td><td>12.3</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>138.6</td><td>99.5</td><td>39.1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1941-July</td><td>2,581.0</td><td>2,438.0</td><td>2,438.0</td><td>-</td><td>143.1</td><td>148.3</td><td>106.9</td><td>41.3</td><td>2,432.8</td><td>2,370.6</td><td>48.9</td><td>13.3</td></tr><tr><td>August</td><td>2,740.6</td><td>2,597.5</td><td>2,597.5</td><td>-</td><td>143.1</td><td>158.4</td><td>114.8</td><td>43.5</td><td>2,582.2</td><td>2,360.6</td><td>206.2</td><td>15.4</td></tr><tr><td>September</td><td>2,744.0</td><td>2,600.8</td><td>2,600.8</td><td>-</td><td>143.2</td><td>168.6</td><td>122.9</td><td>45.7</td><td>2,575.4</td><td>2,556.0</td><td>7.1</td><td>12.3</td></tr><tr><td>October</td><td>2,789.8</td><td>2,646.5</td><td>2,646.5</td><td>-</td><td>143.3</td><td>179.1</td><td>131.2</td><td>47.9</td><td>2,610.7</td><td>2,546.0</td><td>50.6</td><td>14.0</td></tr></table>
Source: Daily Treasury Statements. 1/ Under Section 201 (f) of the Social Security Act amendments of 1939. 2/ Includes balance of General Fund appropriation not yet transferred to Trust Fund.
12
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment Insurance Acts, General Fund Accounts
(In millions of dollars)
<table><tr><th>Fiscal year or month</th><th>Receipts Total</th><th colspan="4">Expenditures</th><th>Excess of expenditures 2/</th></tr><tr><th></th><th></th><th>Total</th><th>Administrative expenses 1/</th><th>Transfers to Railroad Retirement account (Trust account)</th><th>Transfers to Railroad Un-employment In- sureance Account</th><th></th></tr><tr><td>1936</td><td>-</td><td>.3</td><td>.3</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>1937</td><td>.4</td><td>1.5</td><td>1.5</td><td>-</td><td>-</td><td>1.1</td></tr><tr><td>1938</td><td>150.1</td><td>149.0</td><td>2.6</td><td>146.4</td><td>-</td><td>-1.1</td></tr><tr><td>1939</td><td>109.3</td><td>110.4</td><td>3.3</td><td>107.1</td><td>-</td><td>1.1</td></tr><tr><td>1940</td><td>125.9</td><td>128.3</td><td>7.6</td><td>120.7</td><td>-</td><td>2.4</td></tr><tr><td>1941</td><td>143.8</td><td>139.1</td><td>7.2</td><td>124.4</td><td>7.5</td><td>-4.7</td></tr><tr><td>1940-October</td><td>.4</td><td>.5</td><td>.5</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>November</td><td>4.9</td><td>20.5</td><td>.5</td><td>20.0</td><td>-</td><td>15.6</td></tr><tr><td>December</td><td>30.8</td><td>.5</td><td>.5</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>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>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>-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>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>-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>-26.8</td></tr><tr><td>July</td><td>.9</td><td>51.0</td><td>.7</td><td>46.4</td><td>3.9</td><td>50.1</td></tr><tr><td>August</td><td>5.7</td><td>1.1</td><td>1.1</td><td>-</td><td>-</td><td>-1.6</td></tr><tr><td>September</td><td>32.9</td><td>.7</td><td>.7</td><td>-</td><td>-</td><td>-32.2</td></tr><tr><td>October</td><td>1.1</td><td>32.5</td><td>1.0</td><td>31.5</td><td>-</td><td>31.4</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 Benefit payments</th><th colspan="4">Balance</th></tr><tr><th>Total receipts</th><th>Total</th><th>Transfers from General Fund</th><th>Balance available for transfers</th><th>Total</th><th>Investments</th><th>To credit of appropriations 1/</th><th>To credit of disbursing officer</th></tr><tr><td>1936</td><td>46.6</td><td>46.6</td><td>-</td><td>-</td><td>-</td><td>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>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</td><td>1.4</td><td>79.8</td><td>66.2</td><td>.2</td><td>1.6</td></tr><tr><td>1939</td><td>268.4</td><td>264.8</td><td>253.5</td><td>11.3</td><td>3.6</td><td>185.6</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>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></tr><tr><td>1941-July</td><td>647.8</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.4</td><td>430.2</td><td>217.6</td><td>107.9</td><td>94.5</td></tr><tr><td>August</td><td>647.8</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.5</td><td>440.5</td><td>207.3</td><td>101.9</td><td>94.5</td></tr><tr><td>September</td><td>647.9</td><td>639.4</td><td>544.9</td><td>94.5</td><td>8.5</td><td>450.9</td><td>197.0</td><td>91.0</td><td>94.6</td></tr><tr><td>October</td><td>648.0</td><td>639.4</td><td>576.4</td><td>63.1</td><td>8.6</td><td>461.5</td><td>186.5</td><td>112.0</td><td>63.1</td></tr></table>
Source: Daily Treasury Statements. 1/ Includes balance of appropriation available for transfers subsequent to June 30, 1937. * Less than $50,000.
Receipts and Expenditures, Unemployment Trust Fund
(Cumulative - In millions of dollars)
<table><tr><th rowspan="2">End of fiscal year or month</th><th colspan="5">Receipts</th><th colspan="3">Expenditures</th><th colspan="3">Balance</th></tr><tr><th>Total receipts</th><th>Deposits by States</th><th>Deposits by Railroad Retirement Board</th><th>Advanced from appropriations</th><th>Transfers from Railroad Unemployment Insurance Administration Fund</th><th>Interest on investments</th><th>Total expenditure</th><th>Withdrawals by States</th><th>Railroad Unemployment Insurance Account</th><th>Total</th><th>Investments</th><th>Unexpended balances</th></tr><tr><th></th><th></th><th colspan="4">Railroad Unemployment Insurance Account</th><th></th><th></th><th>Railroad unemployment benefit payments</th><th>Repayment of advance</th><th></th><th>In special deposit account</th><th>Disbursing account 2/</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><td>-</td></tr><tr><td>1937</td><td>313.4</td><td>310.6</td><td>-</td><td>-</td><td>-</td><td>2.8</td><td>1.0</td><td>1.0</td><td>-</td><td>312.4</td><td>312.3</td><td>1.1</td><td>-</td></tr><tr><td>1938</td><td>1,076.2</td><td>1,058.2</td><td>-</td><td>-</td><td>-</td><td>18.0</td><td>192.0</td><td>192.0</td><td>-</td><td>884.2</td><td>872.0</td><td>12.2</td><td>-</td></tr><tr><td>1939</td><td>1,914.3</td><td>1,869.5</td><td>44.2</td><td>15.0</td><td>-</td><td>44.3</td><td>633.8</td><td>633.8</td><td>-</td><td>1,280.5</td><td>1,267.0</td><td>13.5</td><td>-</td></tr><tr><td>1940</td><td>2,871.1</td><td>2,729.3</td><td>105.6</td><td>15.0</td><td>7.5</td><td>62.6</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><td>1.4</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><td>2.7</td></tr><tr><td>1941-July</td><td>3,962.9</td><td>3,699.3</td><td>105.6</td><td>15.0</td><td>11.4</td><td>131.5</td><td>1,626.0</td><td>1,578.3</td><td>32.7</td><td>2,336.9</td><td>2,333.0</td><td>1.7</td><td>2.3</td></tr><tr><td>August</td><td>4,139.3</td><td>3,875.3</td><td>106.2</td><td>15.0</td><td>11.4</td><td>131.5</td><td>1,651.3</td><td>1,603.1</td><td>33.2</td><td>2,488.0</td><td>2,479.0</td><td>7.2</td><td>1.8</td></tr><tr><td>September</td><td>4,163.1</td><td>3,882.7</td><td>122.5</td><td>15.0</td><td>11.4</td><td>131.6</td><td>1,675.6</td><td>1,626.8</td><td>33.8</td><td>2,487.5</td><td>2,479.0</td><td>6.6</td><td>2.0</td></tr><tr><td>October</td><td>4,236.9</td><td>3,956.4</td><td>122.5</td><td>15.0</td><td>11.4</td><td>131.6</td><td>1,695.6</td><td>1,646.2</td><td>34.4</td><td>2,541.3</td><td>2,538.0</td><td>1.2</td><td>2.1</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.
* Less than $50,000.
13
Cash Income and Outgo of the Treasury, by Major Classifications
(in millions of dollars)
<table><tr><th></th><th colspan="3">1940</th><th colspan="10">1941</th></tr><tr><th></th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th><th>Oct.</th></tr><tr><td>CASH INCOME Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Internal revenue:</td><td></td><td></td><td></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 and profits taxes</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><td>84</td><td>59</td><td>780</td><td>68</td></tr><tr><td>Employment taxes</td><td>38</td><td>138</td><td>33</td><td>47</td><td>193</td><td>32</td><td>47</td><td>165</td><td>30</td><td>48</td><td>173</td><td>35</td><td>49</td></tr><tr><td>Miscellaneous internal revenue</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><td>268</td><td>269</td><td>261</td><td>314</td></tr><tr><td>Customs</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><td>37</td><td>35</td><td>36</td><td>34</td></tr><tr><td>Other</td><td>17</td><td>18</td><td>18</td><td>19</td><td>12</td><td>14</td><td>16</td><td>18</td><td>19</td><td>19</td><td>17</td><td>23</td><td>23</td></tr><tr><td>Subtotal</td><td>365</td><td>485</td><td>741</td><td>372</td><td>546</td><td>1,567</td><td>427</td><td>541</td><td>1,268</td><td>456</td><td>552</td><td>1,136</td><td>489</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unemployment trust fund (deposits by States and Railroad Retirement Board)</td><td>57</td><td>144</td><td>28</td><td>68</td><td>146</td><td>28</td><td>67</td><td>167</td><td>25</td><td>78</td><td>176</td><td>24</td><td>74</td></tr><tr><td>Trust account 2/</td><td>36</td><td>27</td><td>29</td><td>35</td><td>32</td><td>45</td><td>46</td><td>42</td><td>36</td><td>42</td><td>38</td><td>45</td><td>48</td></tr><tr><td>Subtotal</td><td>93</td><td>171</td><td>57</td><td>103</td><td>178</td><td>73</td><td>113</td><td>208</td><td>61</td><td>120</td><td>214</td><td>69</td><td>122</td></tr><tr><td>Total cash income</td><td>458</td><td>656</td><td>798</td><td>475</td><td>724</td><td>1,640</td><td>540</td><td>749</td><td>1,329</td><td>576</td><td>766</td><td>1,205</td><td>611</td></tr><tr><td>CASH OUTGO Budget:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>National defense</td><td>297</td><td>379</td><td>470</td><td>569</td><td>584</td><td>748</td><td>763</td><td>837</td><td>812</td><td>960</td><td>1,124</td><td>1,320</td><td>1,527</td></tr><tr><td>Veterans' Administration</td><td>48</td><td>46</td><td>46</td><td>46</td><td>45</td><td>46</td><td>46</td><td>47</td><td>45</td><td>46</td><td>46</td><td>46</td><td>48</td></tr><tr><td>Public Works 3/</td><td>96</td><td>76</td><td>62</td><td>53</td><td>48</td><td>48</td><td>46</td><td>50</td><td>52</td><td>62</td><td>66</td><td>64</td><td>68</td></tr><tr><td>Aid to agriculture 4/</td><td>82</td><td>45</td><td>122</td><td>121</td><td>108</td><td>117</td><td>85</td><td>-68</td><td>42</td><td>79</td><td>52</td><td>64</td><td>86</td></tr><tr><td>Grants to States under the Social Security Act</td><td>54</td><td>34</td><td>16</td><td>51</td><td>27</td><td>33</td><td>47</td><td>32</td><td>14</td><td>57</td><td>40</td><td>30</td><td>53</td></tr><tr><td>Work Projects Administration and National Youth Administration</td><td>118</td><td>114</td><td>127</td><td>120</td><td>116</td><td>131</td><td>121</td><td>122</td><td>110</td><td>106</td><td>83</td><td>86</td><td>88</td></tr><tr><td>Civilian Conservation Corps</td><td>22</td><td>20</td><td>23</td><td>21</td><td>18</td><td>22</td><td>21</td><td>19</td><td>20</td><td>21</td><td>19</td><td>18</td><td>17</td></tr><tr><td>Interest on the public debt 5/</td><td>69</td><td>7</td><td>190</td><td>14</td><td>16</td><td>145</td><td>69</td><td>6</td><td>201</td><td>14</td><td>4</td><td>163</td><td>70</td></tr><tr><td>Other</td><td>72</td><td>66</td><td>82</td><td>79</td><td>80</td><td>80</td><td>84</td><td>78</td><td>85</td><td>74</td><td>76</td><td>69</td><td>76</td></tr><tr><td>Subtotal</td><td>858</td><td>787</td><td>1,138</td><td>1,074</td><td>1,041</td><td>1,371</td><td>1,283</td><td>1,125</td><td>1,381</td><td>1,418</td><td>1,510</td><td>1,860</td><td>2,033</td></tr><tr><td>Trust funds, etc.:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Reconstruction Finance Corporation</td><td>-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><td>80</td><td>162</td><td>102</td><td>276</td></tr><tr><td>Commodity Credit Corporation</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><td>-10</td><td>33</td><td>15</td><td>-17</td></tr><tr><td>Unemployment trust fund</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><td>28</td><td>25</td><td>25</td><td>20</td></tr><tr><td>Federal Old-Age and Survivors Insurance</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Trust Fund</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><td>7</td><td>8</td><td>8</td><td>8</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>11</td><td>10</td><td>10</td><td>10</td><td>10</td><td>11</td></tr><tr><td>Other</td><td>53</td><td>47</td><td>29</td><td>21</td><td>34</td><td>30</td><td>47</td><td>122</td><td>55</td><td>-19</td><td>-1</td><td>25</td><td>107</td></tr><tr><td>Subtotal</td><td>116</td><td>173</td><td>105</td><td>104</td><td>108</td><td>183</td><td>191</td><td>308</td><td>164</td><td>96</td><td>237</td><td>185</td><td>405</td></tr><tr><td>Redemption of adjusted service bonds</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><td>2</td><td>1</td><td>1</td><td>1</td></tr><tr><td>Total cash outgo</td><td>976</td><td>962</td><td>1,244</td><td>1,179</td><td>1,150</td><td>1,555</td><td>1,475</td><td>1,434</td><td>1,548</td><td>1,516</td><td>1,748</td><td>2,046</td><td>2,439</td></tr><tr><td>EXCESS OF CASH OUTGO</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><td>940</td><td>982</td><td>841</td><td>1,828</td></tr></table>
Note: The classifications of budget receipts and expenditures have been revised.
1/ These figures are not intended to reflect the budgetary position of the Government, and will not agree with budgetary figures on receipts, expenditures and deficit such as those appearing in the Daily Treasury Statement and in other tables in the "Treasury Bulletin". For an explanation of the revisions made in Daily Treasury Statement figures to arrive at this cash series, see the February 1939 Bulletin.
2/ Includes Surplus Marketing Administration.
3/ Comprises Public Buildings Administration, Public Roads Administration, Public Works Administration, U. S. Housing Authority, River and Harbor Work and Flood Control, Tennessee Valley Authority, Forest Roads and Trails, and Reclamation projects.
4/ Comprises Agricultural adjustment program, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banks, Farm Security Administration, Farm Tenant Act, Rural Electrification Administration, and Department of Agriculture departmental expenditures. Excludes Surplus Marketing Administration, reflected on Daily Treasury Statement as Transfer to Trust accounts.
5/ Excludes accrued interest on United States Savings Bonds outstanding.
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>219</td><td>210</td><td>771</td><td>255</td><td>219</td><td>512</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>511</td><td>852</td><td>389</td><td>433</td><td>930</td><td>7,063</td></tr><tr><td>1938</td><td>395</td><td>460</td><td>1,038</td><td>319</td><td>519</td><td>824</td><td>365</td><td>632</td><td>767</td><td>395</td><td>521</td><td>757</td><td>6,992</td></tr><tr><td>1939</td><td>364</td><td>581</td><td>796</td><td>323</td><td>552</td><td>614</td><td>369</td><td>589</td><td>752</td><td>399</td><td>567</td><td>615</td><td>6,551</td></tr><tr><td>1940</td><td>398</td><td>614</td><td>989</td><td>385</td><td>561</td><td>781</td><td>449</td><td>724</td><td>756</td><td>458 r</td><td>656 r</td><td>798 r</td><td>7,569</td></tr><tr><td>1941</td><td>475</td><td>724 r</td><td>1,640</td><td>540</td><td>749</td><td>1,329</td><td>576</td><td>766 r</td><td>1,205</td><td>611</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>519</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>512</td><td>758</td><td>558</td><td>566</td><td>649</td><td>582</td><td>523</td><td>679</td><td>7,394</td></tr><tr><td>1938</td><td>537</td><td>481</td><td>745</td><td>774</td><td>665</td><td>835</td><td>589</td><td>783</td><td>852</td><td>829</td><td>702</td><td>895</td><td>8,687</td></tr><tr><td>1939</td><td>728</td><td>669</td><td>834</td><td>730</td><td>750</td><td>844</td><td>652</td><td>989</td><td>892</td><td>781</td><td>667</td><td>947</td><td>9,483</td></tr><tr><td>1940</td><td>727</td><td>679</td><td>851</td><td>793</td><td>691</td><td>886</td><td>806</td><td>870</td><td>832</td><td>916 r</td><td>962 r</td><td>1,214 r</td><td>10,317</td></tr><tr><td>1941</td><td>1,179</td><td>1,150 r</td><td>1,555</td><td>1,475</td><td>1,434</td><td>1,548</td><td>1,516</td><td>1,718 r</td><td>2,046</td><td>2,439</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>219</td><td>-150</td><td>395</td><td>300</td><td>1,058</td><td>608</td><td>345</td><td>214</td><td>463</td><td>343</td><td>129</td><td>4,136</td></tr><tr><td>1937</td><td>173</td><td>224</td><td>-324</td><td>299</td><td>152</td><td>-167</td><td>120</td><td>25</td><td>-203</td><td>193</td><td>90</td><td>-251</td><td>311</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>116</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>940</td><td>982</td><td>841</td><td>1,828</td><td></td><td></td><td></td></tr></table>
r Revised.
14
CASH INCOME AND OUTGO OF THE TREASURY
GENERAL FUND OF THE TREASURY
-15-
16
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>865</td><td>862</td><td>1,150</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>827</td><td>929</td><td>611</td><td>52</td></tr><tr><td>1939</td><td>3,087</td><td>1,194</td><td>1,022</td><td>776</td><td>95</td></tr><tr><td>1940</td><td>2,038</td><td>874</td><td>254</td><td>805</td><td>105</td></tr><tr><td>1941</td><td>2,812</td><td>984</td><td>1,024</td><td>661</td><td>143</td></tr><tr><td>1940-October</td><td>2,101</td><td>886</td><td>391</td><td>713</td><td>111</td></tr><tr><td>November</td><td>1,976</td><td>886</td><td>268</td><td>705</td><td>116</td></tr><tr><td>December</td><td>2,110</td><td>913</td><td>405</td><td>675</td><td>117</td></tr><tr><td>1941-January</td><td>2,203</td><td>895</td><td>702</td><td>479</td><td>127</td></tr><tr><td>February</td><td>1,873</td><td>893</td><td>385</td><td>477</td><td>118</td></tr><tr><td>March</td><td>2,885</td><td>944</td><td>1,245</td><td>566</td><td>130</td></tr><tr><td>April</td><td>2,599</td><td>992</td><td>910</td><td>550</td><td>147</td></tr><tr><td>May</td><td>2,079</td><td>926</td><td>470</td><td>543</td><td>141</td></tr><tr><td>June</td><td>2,812</td><td>984</td><td>1,024</td><td>661</td><td>143</td></tr><tr><td>July</td><td>2,807</td><td>1,041</td><td>934</td><td>680</td><td>151</td></tr><tr><td>August</td><td>3,057</td><td>1,086</td><td>995</td><td>833</td><td>143</td></tr><tr><td>September</td><td>2,431</td><td>991</td><td>526</td><td>797</td><td>147</td></tr><tr><td>October</td><td>2,352</td><td>913</td><td>998</td><td>784</td><td>156</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="3">Analysis of balance in the Georeal Fund 1/</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></tr><tr><td>1933</td><td>1,103</td><td>240</td><td>862</td><td>862</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></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></tr><tr><td>1936</td><td>2,936</td><td>254</td><td>2,682</td><td>2,069</td><td>316</td><td>297</td></tr><tr><td>1937</td><td>2,709</td><td>156</td><td>2,553</td><td>2,000</td><td>356</td><td>198</td></tr><tr><td>1938</td><td>2,419</td><td>203</td><td>2,216</td><td>1,622</td><td>446</td><td>147</td></tr><tr><td>1939</td><td>3,087</td><td>248</td><td>2,838</td><td>2,160</td><td>536</td><td>142</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></tr><tr><td>1941</td><td>2,812</td><td>179</td><td>2,633</td><td>1,885</td><td>605</td><td>143</td></tr><tr><td>1940-October</td><td>2,101</td><td>181</td><td>1,920</td><td>1,183</td><td>595</td><td>143</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></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></tr><tr><td>1941-January</td><td>2,203</td><td>178</td><td>2,025</td><td>1,283</td><td>599</td><td>143</td></tr><tr><td>February</td><td>1,873</td><td>172</td><td>1,701</td><td>957</td><td>601</td><td>143</td></tr><tr><td>March</td><td>2,885</td><td>170</td><td>2,715</td><td>1,970</td><td>602</td><td>143</td></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></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></tr><tr><td>June</td><td>2,812</td><td>179</td><td>2,633</td><td>1,885</td><td>605</td><td>143</td></tr><tr><td>July</td><td>2,807</td><td>208</td><td>2,599</td><td>1,848</td><td>607</td><td>143</td></tr><tr><td>August</td><td>3,057</td><td>185</td><td>2,873</td><td>2,120</td><td>610</td><td>143</td></tr><tr><td>September</td><td>2,461</td><td>195</td><td>2,266</td><td>1,511</td><td>611</td><td>143</td></tr><tr><td>October</td><td>2,852</td><td>210</td><td>2,641</td><td>1,885</td><td>613</td><td>143</td></tr></table>
Source: Daily Treasury Statements.
1/ In the fiscal years 1935 and 1936, $91 millions and $554 millions, respectively, were transferred from increment on gold to the working balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes are reflected directly against increment on gold in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance.
17
Analysis of Change in Balance of General Fund of the Treasury
[In millions of dollars - Net increase or net decrease (-)]
<table><tr><th>Change during fiscal year or month</th><th>Total change in General Fund balance</th><th colspan="6">Working balance</th><th>Seigniorage on silver</th><th>Increment on gold 5/</th></tr><tr><th></th><th></th><th>Total working balance</th><th>General and special accounts 1/</th><th>Public debt accounts 2/</th><th>Trust accounts 3/</th><th>Miscellaneous funds and accounts 4/</th><th>Checking accounts of Government agencies, etc.</th><th></th><th></th></tr><tr><td>1933</td><td>445</td><td>445</td><td>-1,784</td><td>3,052</td><td>-5</td><td>-</td><td>-818</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>1,720</td><td>908</td><td>-2,896</td><td>4,514</td><td>24</td><td>-</td><td>-734</td><td>-</td><td>811</td></tr><tr><td>1935</td><td>-741</td><td>-769 6/</td><td>-3,209</td><td>1,739 1/</td><td>64</td><td>-</td><td>637</td><td>140</td><td>-111 6/</td></tr><tr><td>1936</td><td>840</td><td>1,067 6/</td><td>-4,550</td><td>5,475 1/</td><td>34</td><td>-</td><td>108</td><td>176</td><td>-403 6/</td></tr><tr><td>1937</td><td>-128</td><td>-70</td><td>-3,149</td><td>2,746 1/</td><td>19</td><td>-</td><td>314</td><td>40</td><td>-99</td></tr><tr><td>1938</td><td>-338</td><td>-377</td><td>-1,384</td><td>792 1/</td><td>11</td><td>-</td><td>204</td><td>90</td><td>-51</td></tr><tr><td>1939</td><td>622</td><td>537</td><td>-3,542</td><td>3,280 1/</td><td>29</td><td>2</td><td>768</td><td>90</td><td>-5</td></tr><tr><td>1940</td><td>-947</td><td>-997</td><td>-3,611</td><td>2,528</td><td>37</td><td>16</td><td>34</td><td>49</td><td>*</td></tr><tr><td>1941</td><td>742</td><td>722</td><td>-5,103</td><td>5,994</td><td>37</td><td>11</td><td>-217</td><td>20</td><td>*</td></tr><tr><td>1940-October</td><td>-195</td><td>-498</td><td>-536</td><td>64</td><td>18</td><td>8</td><td>-52</td><td>3</td><td>*</td></tr><tr><td>November</td><td>-103</td><td>-105</td><td>-455</td><td>136</td><td>134</td><td>14</td><td>67</td><td>1</td><td>*</td></tr><tr><td>December</td><td>111</td><td>109</td><td>-432</td><td>752</td><td>-163</td><td>-3</td><td>-13</td><td>2</td><td>*</td></tr><tr><td>1941-January</td><td>97</td><td>94</td><td>-771</td><td>852</td><td>47</td><td>-16</td><td>-18</td><td>2</td><td>*</td></tr><tr><td>February</td><td>-324</td><td>-325</td><td>-534</td><td>213</td><td>136</td><td>-10</td><td>-129</td><td>1</td><td>*</td></tr><tr><td>March</td><td>1,014</td><td>1,013</td><td>167</td><td>1,083</td><td>-156</td><td>-12</td><td>-69</td><td>1</td><td>*</td></tr><tr><td>April</td><td>-290</td><td>-291</td><td>-750</td><td>58</td><td>36</td><td>5</td><td>361</td><td>1</td><td>*</td></tr><tr><td>May</td><td>-521</td><td>-522</td><td>-747</td><td>490</td><td>136</td><td>9</td><td>-411</td><td>1</td><td>*</td></tr><tr><td>June</td><td>729</td><td>727</td><td>-252</td><td>1,241</td><td>-185</td><td>3</td><td>-80</td><td>2</td><td>*</td></tr><tr><td>July</td><td>-34</td><td>-36</td><td>-1,185</td><td>551</td><td>41</td><td>21</td><td>534</td><td>2</td><td>*</td></tr><tr><td>August</td><td>274</td><td>272</td><td>-1,133</td><td>1,408</td><td>160</td><td>5</td><td>-169</td><td>2</td><td>*</td></tr><tr><td>September</td><td>-607</td><td>-609</td><td>-739</td><td>425</td><td>-196</td><td>-6</td><td>-93</td><td>2</td><td>*</td></tr><tr><td>October</td><td>376</td><td>374</td><td>-1,637</td><td>2,238</td><td>47</td><td>-3</td><td>-272</td><td>2</td><td>*</td></tr></table>
Source: Daily Treasury Statements.
Note: The classifications for reflecting receipts and expenditures for commodity food stamps of the Surplus Marketing Administration have been adjusted, thereby causing revisions in the following columns under working balance: Trust accounts; Miscellaneous funds and accounts; Checking accounts of Government agencies, etc.
1/ This is the net budget deficit. Excludes expenditures for retirement of public debt.
2/ This represents the increase in the gross public debt, except as noted. (See footnote 7/.)
3/ Includes Federal Old-Age and Survivors Insurance Trust Fund, Unemployment Trust Fund, Railroad Retirement Account, Government insurance and retirement funds and other trust funds.
4/ Comprises Public Works Administration revolving fund and special deposits (net). Also includes Surplus Marketing Administration commodity food stamp transactions.
5/ Includes expenditures for retirement of national bank notes.
6/ In the fiscal years 1935 and 1936, $91 millions and $554 millions were transferred from increment on gold to the working balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes are reflected directly against increment on gold, in the years during which the retirements were actually made. Inactive gold in the amount of $1,087 millions for the fiscal year 1937 is considered as a part of the working balance general and special accounts for the purpose of this table.
7/ Expenditures for the retirement of national bank notes from increment on gold for the fiscal years 1935 to 1939 (as shown below) are not reflected herein, but are reflected under increment on gold as follows: 1935 - $91 millions, 1936 - $397 millions, 1937 - $99 millions, 1938 - $51 millions, and 1939 - $5 millions, total - $645 millions. The increases in the public debt shown in the table Means of Financing Cash Requirements for the above fiscal years will not agree for the reason stated above.
PUBLIC DEBT OF THE UNITED STATES
(Excluding data on ownership)
-18-
19
Statement of the Outstanding Public Debt on June 30, 1941 and October 31, 1941
(In millions of dollars)
<table><tr><th></th><th>June 30, 1941</th><th>Oct. 31, 1941</th><th>Change</th><th></th><th>June 30, 1941</th><th>Oct. 31, 1941</th><th>Change</th></tr><tr><td>Interest-bearing public debt</td><td></td><td></td><td></td><td>Interest-bearing public debt (continued)</td><td></td><td></td><td></td></tr><tr><td>Public issues:</td><td></td><td></td><td></td><td>Special issues:</td><td></td><td></td><td></td></tr><tr><td>Marketable issues</td><td></td><td></td><td></td><td>Adjusted Service Certificate Fund....................</td><td>19</td><td>19</td><td>-</td></tr><tr><td>Treasury bonds....................</td><td>30,215</td><td>31,759</td><td>+1,544</td><td>Federal Deposit Insurance Corporation....................</td><td>90</td><td>100</td><td>+10</td></tr><tr><td>Treasury notes....................</td><td>5,698</td><td>5,510</td><td>-188</td><td>Federal Old-Age and Survivors Insurance Trust Fund</td><td>2,381</td><td>2,546</td><td>+165</td></tr><tr><td>Treasury bills....................</td><td>1,603</td><td>1,404</td><td>-199</td><td>Federal Savings and Loan Insurance Corporation....</td><td>5</td><td>5</td><td>-</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>531</td><td>517</td><td>-14</td></tr><tr><td>Total marketable issues....................</td><td>37,713</td><td>38,869</td><td>+1,156</td><td>Government Retirement Funds....................</td><td>656</td><td>756</td><td>+100</td></tr><tr><td>Non-marketable issues</td><td></td><td></td><td></td><td>National Service Life Insurance Fund....................</td><td>3</td><td>8</td><td>+5</td></tr><tr><td>U. S. savings bonds....................</td><td>4,314</td><td>5,394</td><td>+1,080</td><td>Postal Savings System....................</td><td>88</td><td>63</td><td>-25</td></tr><tr><td>Treasury notes - tax series....................</td><td>-</td><td>1,818</td><td>+1,818</td><td>Railroad Retirement Account....................</td><td>74</td><td>112</td><td>+38</td></tr><tr><td>Adjusted service bonds....................</td><td>241</td><td>235</td><td>-6</td><td>Unemployment Trust Fund....................</td><td>2,273</td><td>2,538</td><td>+265</td></tr><tr><td>Depository bonds....................</td><td>-</td><td>61</td><td>+61</td><td>Total special issues....................</td><td>6,120</td><td>6,664</td><td>+544</td></tr><tr><td>Total non-marketable issues....................</td><td>4,555</td><td>7,508</td><td>+2,953</td><td>Total interest-bearing public debt....................</td><td>48,387</td><td>53,040</td><td>+4,653</td></tr><tr><td>Total public issues....................</td><td>42,267</td><td>46,377</td><td>+4,110</td><td>Matured debt on which interest has ceased....................</td><td>205</td><td>179</td><td>-26</td></tr><tr><td></td><td></td><td></td><td></td><td>Debt bearing no interest....................</td><td>369</td><td>364</td><td>-5</td></tr><tr><td></td><td></td><td></td><td></td><td>Total public debt....................</td><td>48,961</td><td>53,584</td><td>+4,623</td></tr></table>
Source: Daily Treasury Statements.
Composition of the Public Debt
(In millions of dollars)
<table><tr><th rowspan="3">End of fiscal year or month</th><th colspan="8">Gross 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="4">Public issues</th><th colspan="2">Special issues</th></tr><tr><th>Total</th><th>Bonds</th><th>% of total interest-bearing debt</th><th>Notes</th><th>% of total interest-bearing debt</th><th>Bills and certificates of indebtedness</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>6,553</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>2,303</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>40,440</td><td>39,886</td><td>27,566</td><td>69.1</td><td>7,243</td><td>18.2</td><td>1,308</td><td>3.3</td><td>3,770</td><td>9.5</td><td>142</td><td>411</td></tr><tr><td>1940</td><td>42,968</td><td>42,376</td><td>29,917</td><td>70.6</td><td>6,383</td><td>15.1</td><td>1,302</td><td>3.1</td><td>4,775</td><td>11.3</td><td>205</td><td>386</td></tr><tr><td>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-October</td><td>44,137</td><td>43,560</td><td>31,493</td><td>72.3</td><td>5,660</td><td>13.0</td><td>1,307</td><td>3.0</td><td>5,102</td><td>11.7</td><td>197</td><td>380</td></tr><tr><td>November</td><td>44,273</td><td>43,707</td><td>31,530</td><td>72.1</td><td>5,660</td><td>12.9</td><td>1,308</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>44,458</td><td>31,601</td><td>71.1</td><td>6,178</td><td>13.9</td><td>1,310</td><td>2.9</td><td>5,370</td><td>12.1</td><td>189</td><td>377</td></tr><tr><td>1941-January</td><td>45,877</td><td>45,320</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>376</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>1,326</td><td>2.9</td><td>5,534</td><td>12.1</td><td>180</td><td>374</td></tr><tr><td>March</td><td>47,173</td><td>46,581</td><td>33,572</td><td>72.1</td><td>5,722</td><td>12.3</td><td>1,604</td><td>3.4</td><td>5,683</td><td>12.2</td><td>220</td><td>372</td></tr><tr><td>April</td><td>47,231</td><td>46,673</td><td>33,642</td><td>72.1</td><td>5,721</td><td>12.3</td><td>1,603</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>190</td><td>370</td></tr><tr><td>June</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>July</td><td>49,513</td><td>48,965</td><td>35,340</td><td>72.2</td><td>5,698</td><td>11.6</td><td>1,603</td><td>3.3</td><td>6,324</td><td>12.9</td><td>180</td><td>368</td></tr><tr><td>August</td><td>50,921</td><td>50,371</td><td>35,561</td><td>70.6</td><td>6,736</td><td>13.4</td><td>1,604</td><td>3.2</td><td>6,470</td><td>12.8</td><td>184</td><td>367</td></tr><tr><td>September</td><td>51,346</td><td>50,791</td><td>35,786</td><td>70.5</td><td>7,041</td><td>13.9</td><td>1,305</td><td>2.6</td><td>6,658</td><td>13.0</td><td>190</td><td>365</td></tr><tr><td>October</td><td>53,584</td><td>53,040</td><td>37,645</td><td>71.0</td><td>7,327</td><td>13.8</td><td>1,404</td><td>2.6</td><td>6,664</td><td>12.6</td><td>179</td><td>364</td></tr></table>
Source: Daily Treasury Statements
COMPOSITION OF UNITED STATES GOVERNMENT INTEREST-BEARING PUBLIC DEBT
20
21
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding
As of October 31, 1941
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which issues are first callable</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 1-1/4% Notes C - 12/15/41</td><td>904</td><td></td><td></td><td>Bills 1-1/4% Notes C - 12/15/41</td><td>904</td><td></td><td></td></tr><tr><td>Total</td><td>919</td><td>-</td><td>919</td><td>Total</td><td>919</td><td>-</td><td>919</td></tr><tr><td>1942</td><td></td><td></td><td></td><td>1942</td><td></td><td></td><td></td></tr><tr><td>Bills 1-7/4% Notes A - 3/15/42</td><td>501</td><td></td><td></td><td>Bills 1-7/4% Notes A - 3/15/42</td><td>501</td><td></td><td></td></tr><tr><td>2% Notes B - 9/15/42</td><td>426</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>1-3/4% Notes C - 12/15/42</td><td>342</td><td></td><td></td><td>Total</td><td>1,501</td><td>-</td><td>2,420</td></tr><tr><td>Total</td><td>1,501</td><td>-</td><td>2,420</td><td>Total</td><td>1,501</td><td>-</td><td>2,420</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>454</td><td></td><td>1-1/8% Notes A - 6/15/43</td><td>629</td><td></td><td></td></tr><tr><td>3-3/8% Bonds - 6/15/43-47</td><td>1%</td><td></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>1%</td><td>1,401</td><td></td><td>Total</td><td>1,395</td><td>-</td><td>3,815</td></tr><tr><td>1-1/8% Notes B - 12/15/43</td><td>421</td><td></td><td></td><td>Total</td><td>1,395</td><td>-</td><td>3,815</td></tr><tr><td>Total</td><td>1,395</td><td>1,855</td><td>5,670</td><td>Total</td><td>1,395</td><td>-</td><td>3,815</td></tr><tr><td>1944</td><td></td><td></td><td></td><td>1944</td><td></td><td></td><td></td></tr><tr><td>1% Notes B - 3/15/44</td><td>515</td><td>1,519</td><td></td><td>1% Notes B - 3/15/44</td><td>515</td><td></td><td></td></tr><tr><td>3-1/4% Bonds - 4/15/44-46</td><td>3/4% Notes A - 6/15/44</td><td></td><td></td><td>3/4% Notes C - 9/15/44</td><td>283</td><td></td><td></td></tr><tr><td>3/4% Notes A - 6/15/44</td><td>416</td><td></td><td></td><td>3/4% Notes D (Net. Defense</td><td>635</td><td></td><td></td></tr><tr><td>1% Notes C - 9/15/44</td><td>283</td><td></td><td></td><td>Series) - 9/15/44</td><td>1,849</td><td>-</td><td>5,664</td></tr><tr><td>3/4% Notes D (Net. Defense</td><td>635</td><td></td><td></td><td>Total</td><td>1,849</td><td>-</td><td>5,664</td></tr><tr><td>Series) - 9/15/44</td><td>635</td><td>1,037</td><td></td><td>Total</td><td>1,849</td><td>-</td><td>5,664</td></tr><tr><td>1% Bonds - 12/15/44-54</td><td>1.849</td><td>2,556</td><td>10,075</td><td>Total</td><td>1,849</td><td>-</td><td>5,664</td></tr><tr><td>1945</td><td></td><td></td><td></td><td>1945</td><td></td><td></td><td></td></tr><tr><td>3/4% Notes A - 3/15/45</td><td>718</td><td>1,214</td><td></td><td>3/4% Notes A - 3/15/45</td><td>718</td><td>1,401</td><td></td></tr><tr><td>2-3/4% Bonds - 9/15/45-47</td><td>2-1/2% Bonds - 12/15/45</td><td></td><td></td><td>3-1/4% Bonds - 10/15/43-45</td><td>541</td><td></td><td></td></tr><tr><td>3/4% Notes B (Net. Defense</td><td>541</td><td></td><td></td><td>2-1/2% Bonds - 12/15/45</td><td>531</td><td>1,401</td><td>8,855</td></tr><tr><td>Series) - 12/15/45</td><td>531</td><td>1,214</td><td>13,079</td><td>Total</td><td>1,790</td><td>1,401</td><td>8,855</td></tr><tr><td>Total</td><td>1,790</td><td>1,214</td><td>13,079</td><td>Total</td><td>1,790</td><td>1,401</td><td>8,855</td></tr><tr><td>1946</td><td></td><td></td><td></td><td>1946</td><td></td><td></td><td></td></tr><tr><td>3% Conversion bonds - 1/1/46</td><td>16</td><td>489</td><td></td><td>3% Conversion bonds - 1/1/46</td><td>16</td><td>1,519</td><td></td></tr><tr><td>3-7/4% Bonds - 3/15/46-56</td><td>3% Bonds - 6/15/46-48</td><td>1,036</td><td></td><td>3-1/4% Bonds - 4/15/44-46</td><td>15</td><td></td><td>10,390</td></tr><tr><td>3-1/8% Bonds - 6/15/46-49</td><td>819</td><td></td><td></td><td>Total</td><td>15</td><td>1,519</td><td>10,390</td></tr><tr><td>Total</td><td>16</td><td>2,344</td><td>15,439</td><td>Total</td><td>15</td><td>1,519</td><td>10,390</td></tr><tr><td>1947</td><td></td><td></td><td></td><td>1947</td><td></td><td></td><td></td></tr><tr><td>3% Conversion bonds - 1/1/47</td><td>13</td><td>759</td><td></td><td>3% Conversion bonds - 1/1/47</td><td>13</td><td>454</td><td></td></tr><tr><td>4-1/4% Bonds - 10/15/47-52</td><td>2% Bonds - 12/15/47</td><td>701</td><td></td><td>3-3/8% Bonds - 6/15/43-47</td><td>1,214</td><td></td><td></td></tr><tr><td>Total</td><td>714</td><td>759</td><td>16,912</td><td>2-3/4% Bonds - 9/15/45-47</td><td>701</td><td>1,668</td><td>12,772</td></tr><tr><td>Total</td><td>714</td><td>759</td><td>16,912</td><td>Total</td><td>714</td><td>1,668</td><td>12,772</td></tr><tr><td>1948</td><td></td><td></td><td></td><td>1948</td><td></td><td></td><td></td></tr><tr><td>2% Bonds - 3/15/48-50</td><td>1,115</td><td>1,223</td><td></td><td>3% Bonds - 6/15/46-48</td><td>1,036</td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 3/15/48-51</td><td>451</td><td>571</td><td></td><td>2-1/2% Bonds - 9/15/48</td><td>1,036</td><td>14,259</td><td></td></tr><tr><td>2-1/2% Bonds - 9/15/48</td><td>451</td><td>571</td><td></td><td>Total</td><td>1,036</td><td>1,036</td><td>14,259</td></tr><tr><td>2% Bonds - 12/15/48-50</td><td>451</td><td>2,909</td><td>20,272</td><td>Total</td><td>1,036</td><td>1,036</td><td>14,259</td></tr><tr><td>Total</td><td>451</td><td>2,909</td><td>20,272</td><td>Total</td><td>1,036</td><td>1,036</td><td>14,259</td></tr><tr><td>1949</td><td></td><td></td><td></td><td>1949</td><td></td><td></td><td></td></tr><tr><td>2-1/2% Bonds - 12/15/49-53</td><td>1,786</td><td>491</td><td></td><td>3-1/8% Bonds - 6/15/46-49</td><td>819</td><td></td><td></td></tr><tr><td>3-1/8% Bonds - 12/15/49-52</td><td>-</td><td>2,277</td><td>22,549</td><td>Total</td><td>-</td><td>819</td><td>15,078</td></tr><tr><td>Total</td><td>-</td><td>2,277</td><td>22,549</td><td>Total</td><td>-</td><td>819</td><td>15,078</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>1,115</td><td></td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>23,735</td><td>2% Bonds - 12/15/48-50</td><td>571</td><td>16,764</td><td></td></tr><tr><td>Total</td><td>-</td><td>1,186</td><td>23,735</td><td>Total</td><td>-</td><td>1,686</td><td>16,764</td></tr><tr><td>1951</td><td></td><td></td><td></td><td>1951</td><td></td><td></td><td></td></tr><tr><td>2-3/4% Bonds - 6/15/51-54</td><td>1,627</td><td>1,223</td><td></td><td>2-3/4% Bonds - 3/15/48-51</td><td>-</td><td>1,223</td><td></td></tr><tr><td>3% Bonds - 9/15/51-55</td><td>755</td><td></td><td></td><td>Total</td><td>-</td><td>1,223</td><td>17,987</td></tr><tr><td>2-1/4% Bonds - 12/15/51-53</td><td>1,118</td><td></td><td></td><td>Total</td><td>-</td><td>1,223</td><td>17,987</td></tr><tr><td>Total</td><td>-</td><td>3,500</td><td>27,235</td><td>Total</td><td>-</td><td>1,223</td><td>17,987</td></tr></table>
(Continued on following page)
22
Maturity Schedule
of United States Government Interest-Bearing Marketable Securities Outstanding
As of October 31, 1941 - (Continued)
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which issues are first callable 2/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security</th><th>Fixed-maturity issues</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1952<br>2-1/2% Bonds - 3/15/52-54<br>Total</td><td>-</td><td>1,024<br>1,024</td><td>28,259</td><td>1952<br>2-1/2% Bonds - 9/15/50-52<br>4-1/4% Bonds - 10/15/47-52<br>3-1/8% Bonds - 12/15/49-52<br>Total</td><td>-</td><td>1,186<br>759<br>491<br>2,436</td><td>20,423</td></tr><tr><td>1953<br>2% Bonds - 6/15/53-55<br>Total</td><td>-</td><td>725<br>725</td><td>28,984</td><td>1953<br>2-1/4% Bonds - 12/15/51-53<br>2-1/2% Bonds - 12/15/49-53<br>Total</td><td>-</td><td>1,118<br>1,786<br>2,904</td><td>23,327</td></tr><tr><td>1954<br>2-1/4% Bonds - 6/15/54-56<br>Total</td><td>-</td><td>681<br>681</td><td>29,665</td><td>1954<br>2-1/2% Bonds - 3/15/52-54<br>2-3/4% Bonds - 6/15/51-54<br>2-1/2% Bonds - 12/15/44-54<br>Total</td><td>-</td><td>1,024<br>1,627<br>1,037<br>3,688</td><td>27,015</td></tr><tr><td>1955<br>2-7/8% Bonds - 3/15/55-60<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>32,276</td><td>1955<br>2% Bonds - 6/15/53-55<br>3% Bonds - 9/15/51-55<br>Total</td><td>-</td><td>725<br>755<br>1,480</td><td>28,495</td></tr><tr><td>1956<br>2-1/2% Bonds - 3/15/56-58<br>2-3/4% Bonds - 9/15/56-59<br>Total</td><td>-</td><td>1,449<br>982<br>2,431</td><td>34,707</td><td>1956<br>3-3/4% Bonds - 3/15/46-56<br>2-1/4% Bonds - 6/15/54-56<br>Total</td><td>-</td><td>489<br>681<br>1,170</td><td>29,665</td></tr><tr><td>1957</td><td>-</td><td>-</td><td>34,707</td><td>1957</td><td>-</td><td>-</td><td>29,665</td></tr><tr><td>1958<br>2-3/4% Bonds - 6/15/58-63<br>Total</td><td>-</td><td>919<br>919</td><td>35,626</td><td>1958<br>2-1/2% Bonds - 3/15/56-58<br>Total</td><td>-</td><td>1,449<br>1,449</td><td>31,114</td></tr><tr><td>1959</td><td>-</td><td>-</td><td>35,626</td><td>1959<br>2-3/4% Bonds - 9/15/56-59<br>Total</td><td>-</td><td>982<br>982</td><td>32,096</td></tr><tr><td>1960<br>2-3/4% Bonds - 12/15/60-65<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>37,111</td><td>1960<br>2-7/8% Bonds - 3/15/55-60<br>Total</td><td>-</td><td>2,611<br>2,611</td><td>34,707</td></tr><tr><td>1961<br>3% Panama Canal bonds - 6/1/61<br>Total</td><td>50</td><td>50</td><td>37,161</td><td>1961<br>3% Panama Canal bonds - 6/1/61<br>Total</td><td>50</td><td>-</td><td>34,757</td></tr><tr><td>1962</td><td>-</td><td>-</td><td>37,161</td><td>1962</td><td>-</td><td>-</td><td>34,757</td></tr><tr><td>1963</td><td>-</td><td>-</td><td>37,161</td><td>1963<br>2-3/4% Bonds - 6/15/58-63<br>Total</td><td>-</td><td>919<br>919</td><td>35,676</td></tr><tr><td>1964</td><td>-</td><td>-</td><td>37,161</td><td>1964</td><td>-</td><td>-</td><td>35,676</td></tr><tr><td>1965</td><td>-</td><td>-</td><td>37,161</td><td>1965<br>2-3/4% Bonds - 12/15/60-65<br>Total</td><td>-</td><td>1,485<br>1,485</td><td>37,161</td></tr><tr><td>1966</td><td>-</td><td>-</td><td>37,161</td><td>1966</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1967</td><td>-</td><td>-</td><td>37,161</td><td>1967</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1968<br>2-1/2% Bonds - 9/15/67-72<br>Total</td><td>-</td><td>1,591<br>1,591</td><td>38,752</td><td>1968</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1969</td><td>-</td><td>-</td><td>38,752</td><td>1969</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1970</td><td>-</td><td>-</td><td>38,752</td><td>1970</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1971</td><td>-</td><td>-</td><td>38,752</td><td>1971</td><td>-</td><td>-</td><td>37,161</td></tr><tr><td>1972</td><td>-</td><td>-</td><td>38,752</td><td>1972<br>2-1/2% Bonds - 9/15/67-72<br>Total</td><td>-</td><td>1,591<br>1,591</td><td>38,752</td></tr></table>
Source: Daily Treasury Statement. 1/ Excludes postal savings bonds. 2/ Fixed-maturity issues are classified by year in which due.
23
Statement Showing Details of Major Financing Operations of the Treasury Since January 1, 1938
(In millions of dollars)
<table><tr><th>Date of issue</th><th>Rate per cent</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscription tendered</th><th>For cash</th><th colspan="2">Amount of exchanges</th><th colspan="3">In exchange for</th></tr><tr><th></th><th></th><th></th><th></th><th>Treasury bonds</th><th>Treasury notes and certificates</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>451</td><td>-</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>572 347</td><td>-</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>36 232</td><td>-</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>405</td><td>-</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>19</td><td>-</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>188</td><td>-</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>701</td><td>-</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>Dec. 15. (Add. 12/15/38)</td><td>1-1/8</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>368</td><td>3,647</td><td>329</td><td>39</td><td>-</td><td>Sept. 16, 1935</td><td>1-1/2</td><td>Mar. 15, 1939</td></tr><tr><td>1939-Mar. 15. (Add. 12/15/38)</td><td>2-3/4</td><td>22-27 years</td><td>Dec. 15, 1960 Dec. 15, 1965</td><td>894</td><td>-</td><td>-</td><td>-</td><td>894</td><td>-</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>319</td><td>-</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>1-1/3</td><td>5 years</td><td>Dec. 15, 1943</td><td>-</td><td>53</td><td>-</td><td>-</td><td>53</td><td>-</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>416</td><td>-</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 41/2 mos.</td><td>Mar. 15, 1944</td><td>-</td><td>515</td><td>-</td><td>-</td><td>515</td><td>-</td><td>July 15, 1935</td><td>1-3/8</td><td>Dec. 15, 1939</td></tr><tr><td>Dec. 8.</td><td>2</td><td>9-11 years</td><td>Dec. 15, 1948 Dec. 15, 1950</td><td>571</td><td>-</td><td>(6,264 501/ 1001/)</td><td>521 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Deco. 22.</td><td>2-1/4</td><td>12-14 years</td><td>Dec. 15, 1951 Dec. 15, 1953</td><td>1,118</td><td>-</td><td>1001/</td><td>1001/</td><td>1,018</td><td>-</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>283</td><td>-</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>718</td><td>-</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>1-3/8</td><td>June 15, 1940</td></tr><tr><td>July 22.</td><td>2-1/4</td><td>14-16 years</td><td>June 15, 1954 June 15, 1956</td><td>681</td><td>-</td><td>(6,605 501/)</td><td>631 501/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Oct. 7.</td><td>2</td><td>13-15 years</td><td>June 15, 1953 June 15, 1955</td><td>725</td><td>-</td><td>-</td><td>-</td><td>725</td><td>-</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 71/2 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</td><td>1-3/8</td><td>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>634</td><td>5</td><td>Mar. 15, 1936</td><td>1-1/2</td><td>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>27</td><td>-</td><td>Mar. 16, 1936</td><td>1-1/2</td><td>Mar. 15, 1941</td></tr><tr><td>Mar. 31.</td><td>2-1/2</td><td>11-13 years</td><td>Mar. 15, 1952 Mar. 15, 1954</td><td>1,024</td><td>-</td><td>(6,145 501/)</td><td>526 501/</td><td>1448</td><td>-</td><td>June 15, 1936</td><td>1-3/8</td><td>June 15, 1941</td></tr><tr><td>June 2.</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>1-1/4</td><td>Aug. 1, 1941</td></tr><tr><td>June 2.</td><td>2-1/2</td><td>14 years 91/2 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>1-1/4</td><td>Aug. 1, 1941</td></tr><tr><td>Oct. 20.</td><td>2-1/2</td><td>25 years 11 mos.</td><td>Sept. 15, 1967</td><td>1,596</td><td>-</td><td>(10,145 1001/)</td><td>1,307 1001/</td><td>-</td><td>189</td><td>Dec. 15, 1936</td><td>1-1/4</td><td>Dec. 15, 1941</td></tr><tr><td>Nov. 1.</td><td>1</td><td>4 years 11/4 mos.</td><td>Mar. 15, 1946</td><td>-</td><td>503</td><td>503 2/1</td><td>503 2/1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Back Figures: For financings from July 1, 1933 through December 31, 1937 see March 1939 Bulletin, pp. 16-18. Revised. 1/ These amounts were sold to Government investment accounts direct. 2/ This offering was open only to holders of Reconstruction Finance Corporation notes of Series F, maturing November 1, 1941, and of Commodity Credit Corporation notes of Series E, maturing November 15, 1941. Proceeds of redemption of R.F.C. notes and from purchase of C.C.C. notes were accepted as basis for subscription and allotment of the new Treasury notes.
24
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>Adjusted service bonds</th><th>Exchanges</th><th>Special issues</th><th>Total</th><th>Cash</th><th>Exchanges</th><th>Special issues</th></tr><tr><td>1938</td><td>9,620.8</td><td>4,775.8</td><td>12.8</td><td>2,673.3</td><td>2,158.5</td><td>8,880.7</td><td>5,166.0</td><td>2,673.5</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>6.6</td><td>3,034.9</td><td>2,567.1</td><td>9,808.5</td><td>5,301.0</td><td>3,034.9</td><td>1,472.9</td><td>3,278.8</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>10,537.6</td><td>5,679.8</td><td>2,812.0</td><td>2,195.8</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>5,815.6</td><td>3,141.6</td><td>2,895.6</td><td>5,993.9</td></tr><tr><td>1940-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>451.8</td><td>424.5</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>.2</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>3,136.6</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>315.4</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>490.3</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><tr><td>July</td><td>1,121.2</td><td>895.1</td><td>.1</td><td>.6</td><td>225.3</td><td>570.1</td><td>547.7</td><td>.6</td><td>21.8</td><td>551.1</td></tr><tr><td>August</td><td>1,884.4</td><td>1,721.2</td><td>.1</td><td>.6</td><td>163.1</td><td>476.0</td><td>458.9</td><td>.6</td><td>17.0</td><td>1,408.4</td></tr><tr><td>September</td><td>1,170.9</td><td>948.6</td><td>.1</td><td>-</td><td>222.2</td><td>745.5</td><td>711.7</td><td>-</td><td>33.7</td><td>425.4</td></tr><tr><td>October</td><td>3,046.4</td><td>2,760.3</td><td>.1</td><td>189.0</td><td>97.0</td><td>808.8</td><td>528.5</td><td>189.0</td><td>91.3</td><td>2,237.6</td></tr></table>
Source: Daily Treasury Statements. Less than $100,000.
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>27,645,241,083</td><td>750,678,123</td><td>2.715</td></tr><tr><td>1936</td><td>32,983,790,135</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>1,218,238,345</td><td>2.518</td></tr><tr><td>1940-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>1,331,161,393</td><td>2.588</td></tr><tr><td>December</td><td>44,458,486,252</td><td>1,140,790,576</td><td>2.556</td></tr><tr><td>1941-January</td><td>45,320,394,574</td><td>1,151,796,977</td><td>2.511</td></tr><tr><td>February</td><td>45,535,287,070</td><td>1,157,610,751</td><td>2.542</td></tr><tr><td>March</td><td>46,580,812,461</td><td>1,178,076,621</td><td>2.529</td></tr><tr><td>April</td><td>46,673,368,395</td><td>1,181,178,483</td><td>2.531</td></tr><tr><td>May</td><td>47,160,164,076</td><td>1,195,018,863</td><td>2.534</td></tr><tr><td>June</td><td>48,387,399,579</td><td>1,218,238,845</td><td>2.518</td></tr><tr><td>July</td><td>48,965,009,283</td><td>1,234,650,904</td><td>2.522</td></tr><tr><td>August</td><td>50,370,520,072</td><td>1,249,099,338</td><td>2.480</td></tr><tr><td>September</td><td>50,790,671,545</td><td>1,260,530,608</td><td>2.482</td></tr><tr><td>October</td><td>53,040,415,590</td><td>1,307,598,258</td><td>2.465</td></tr></table>
Exhibit: Daily Treasury Statements. 1/ Treasury bills are included in interest-bearing debt figures at face amount, but for the purposes of calculating the computed annual interest charge and the computed rate of interest, the discount value is used.
25
New Yield Average for Long-Term Taxable Treasury Bonds
Since the issuance on October 20, 1941 of the 2-1/2 percent Treasury bonds of 1967-72 there have been outstanding two taxable Treasury bonds not callable for 12 years. Consequently, an average of the yields of long-term taxable Treasury bonds, corresponding to that for long-term partially tax-exempt Treasury bonds, has been set up beginning with that date and is presented for the first time in this issue of the "Treasury Bulletin".
The new index at its date of commencement stood at 2.24 percent, as compared with 1.89 percent for the index of long-term partially tax-exempt Treasury bonds, a differential of 0.35 percent. This differential is due to two factors:
(1) The bonds included in the taxable bond index have an average term four years and ten months longer with respect to first call date and four years and four months longer with respect to final maturity date than the bonds included in the partially tax-exempt index. In view of the present pattern of interest rates, this longer average maturity on the part of the taxable bonds naturally results in a higher average yield than that for the partially tax-exempt bonds.
(2) The remainder of the differential between the indices is accounted for by the difference between the tax-exemption characteristics of the two classes of issues. This portion of the differential is, in turn, compounded of two elements:
(a) The higher yield of the taxable bonds because of their greater subject- tion to Federal income taxation, and
(b) The enhanced scarcity value of the outstanding partially tax-exempt bonds due to the fact that they are no longer being issued.
26
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent)
<table><tr><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th><th>Date</th><th>Partially tax-exempt Treasury bonds 1/</th><th>Taxable Treasury bonds 2/</th><th>High-grade corporate bonds 3/</th></tr><tr><td colspan="11">Monthly Series 4/</td></tr><tr><td>1933-Jan.</td><td>3.22</td><td>-</td><td>4.28</td><td>1936-Jan.</td><td>2.80</td><td>-</td><td>3.32</td><td>1939-Jan.</td><td>2.47</td><td>-</td><td>2.96</td></tr><tr><td>Feb.</td><td>3.31</td><td>-</td><td>4.34</td><td>Feb.</td><td>2.77</td><td>-</td><td>3.26</td><td>Feb.</td><td>2.44</td><td>-</td><td>2.90</td></tr><tr><td>Mar.</td><td>3.42</td><td>-</td><td>4.56</td><td>Mar.</td><td>2.71</td><td>-</td><td>3.24</td><td>Mar.</td><td>2.34</td><td>-</td><td>2.87</td></tr><tr><td>Apr.</td><td>3.42</td><td>-</td><td>4.63</td><td>Apr.</td><td>2.68</td><td>-</td><td>3.24</td><td>Apr.</td><td>2.30</td><td>-</td><td>2.92</td></tr><tr><td>May.</td><td>3.30</td><td>-</td><td>4.48</td><td>May.</td><td>2.66</td><td>-</td><td>3.22</td><td>May.</td><td>2.17</td><td>-</td><td>2.86</td></tr><tr><td>June.</td><td>3.21</td><td>-</td><td>4.34</td><td>June.</td><td>2.66</td><td>-</td><td>3.19</td><td>June.</td><td>2.13</td><td>-</td><td>2.78</td></tr><tr><td>July.</td><td>3.20</td><td>-</td><td>4.28</td><td>July.</td><td>2.65</td><td>-</td><td>3.18</td><td>July.</td><td>2.16</td><td>-</td><td>2.76</td></tr><tr><td>Aug.</td><td>3.21</td><td>-</td><td>4.23</td><td>Aug.</td><td>2.61</td><td>-</td><td>3.18</td><td>Aug.</td><td>2.21</td><td>-</td><td>2.79</td></tr><tr><td>Sept.</td><td>3.19</td><td>-</td><td>4.28</td><td>Sept.</td><td>2.60</td><td>-</td><td>3.15</td><td>Sept.</td><td>2.65</td><td>-</td><td>3.29</td></tr><tr><td>Oct.</td><td>3.22</td><td>-</td><td>4.26</td><td>Oct.</td><td>2.62</td><td>-</td><td>3.14</td><td>Oct.</td><td>2.60</td><td>-</td><td>3.14</td></tr><tr><td>Nov.</td><td>3.46</td><td>-</td><td>4.15</td><td>Nov.</td><td>2.53</td><td>-</td><td>3.11</td><td>Nov.</td><td>2.46</td><td>-</td><td>2.93</td></tr><tr><td>Dec.</td><td>3.53</td><td>-</td><td>4.10</td><td>Dec.</td><td>2.51</td><td>-</td><td>3.07</td><td>Dec.</td><td>2.35</td><td>-</td><td>2.86</td></tr><tr><td>1934-Jan.</td><td>3.50</td><td>-</td><td>4.26</td><td>1937-Jan.</td><td>2.47</td><td>-</td><td>3.09</td><td>1940-Jan.</td><td>2.30</td><td>-</td><td>2.81</td></tr><tr><td>Feb.</td><td>3.32</td><td>-</td><td>4.14</td><td>Feb.</td><td>2.46</td><td>-</td><td>3.24</td><td>Feb.</td><td>2.32</td><td>-</td><td>2.79</td></tr><tr><td>Mar.</td><td>3.20</td><td>-</td><td>4.07</td><td>Mar.</td><td>2.60</td><td>-</td><td>3.36</td><td>Mar.</td><td>2.25</td><td>-</td><td>2.77</td></tr><tr><td>Apr.</td><td>3.11</td><td>-</td><td>4.00</td><td>Apr.</td><td>2.80</td><td>-</td><td>3.43</td><td>Apr.</td><td>2.25</td><td>-</td><td>2.74</td></tr><tr><td>May.</td><td>3.02</td><td>-</td><td>3.94</td><td>May.</td><td>2.76</td><td>-</td><td>3.36</td><td>May.</td><td>2.38</td><td>-</td><td>2.87</td></tr><tr><td>June.</td><td>2.98</td><td>-</td><td>3.88</td><td>June.</td><td>2.76</td><td>-</td><td>3.31</td><td>June.</td><td>2.39</td><td>-</td><td>2.93</td></tr><tr><td>July.</td><td>2.92</td><td>-</td><td>3.83</td><td>July.</td><td>2.72</td><td>-</td><td>3.27</td><td>July.</td><td>2.28</td><td>-</td><td>2.85</td></tr><tr><td>Aug.</td><td>3.03</td><td>-</td><td>3.87</td><td>Aug.</td><td>2.72</td><td>-</td><td>3.25</td><td>Aug.</td><td>2.25</td><td>-</td><td>2.80</td></tr><tr><td>Sept.</td><td>3.20</td><td>-</td><td>3.89</td><td>Sept.</td><td>2.77</td><td>-</td><td>3.26</td><td>Sept.</td><td>2.18</td><td>-</td><td>2.71</td></tr><tr><td>Oct.</td><td>3.10</td><td>-</td><td>3.84</td><td>Oct.</td><td>2.76</td><td>-</td><td>3.26</td><td>Oct.</td><td>2.10</td><td>-</td><td>2.70</td></tr><tr><td>Nov.</td><td>3.07</td><td>-</td><td>3.78</td><td>Nov.</td><td>2.71</td><td>-</td><td>3.22</td><td>Nov.</td><td>1.97</td><td>-</td><td>2.65</td></tr><tr><td>Dec.</td><td>3.01</td><td>-</td><td>3.68</td><td>Dec.</td><td>2.67</td><td>-</td><td>3.17</td><td>Dec.</td><td>1.89</td><td>-</td><td>2.59</td></tr><tr><td>1935-Jan.</td><td>2.88</td><td>-</td><td>3.60</td><td>1938-Jan.</td><td>2.65</td><td>-</td><td>3.17</td><td>1941-Jan.</td><td>1.99</td><td>-</td><td>2.57</td></tr><tr><td>Feb.</td><td>2.79</td><td>-</td><td>3.52</td><td>Feb.</td><td>2.64</td><td>-</td><td>3.15</td><td>Feb.</td><td>2.10</td><td>-</td><td>2.71</td></tr><tr><td>Mar.</td><td>2.77</td><td>-</td><td>3.49</td><td>Mar.</td><td>2.64</td><td>-</td><td>3.16</td><td>Mar.</td><td>2.01</td><td>-</td><td>2.73</td></tr><tr><td>Apr.</td><td>2.74</td><td>-</td><td>3.47</td><td>Apr.</td><td>2.62</td><td>-</td><td>3.25</td><td>Apr.</td><td>1.96</td><td>-</td><td>2.76</td></tr><tr><td>May.</td><td>2.72</td><td>-</td><td>3.48</td><td>May.</td><td>2.51</td><td>-</td><td>3.14</td><td>May.</td><td>1.92</td><td>-</td><td>2.75</td></tr><tr><td>June.</td><td>2.72</td><td>-</td><td>3.43</td><td>June.</td><td>2.52</td><td>-</td><td>3.15</td><td>June.</td><td>1.91</td><td>-</td><td>2.70</td></tr><tr><td>July.</td><td>2.69</td><td>-</td><td>3.35</td><td>July.</td><td>2.52</td><td>-</td><td>3.12</td><td>July.</td><td>1.90</td><td>-</td><td>2.66</td></tr><tr><td>Aug.</td><td>2.76</td><td>-</td><td>3.44</td><td>Aug.</td><td>2.51</td><td>-</td><td>3.10</td><td>Aug.</td><td>1.94</td><td>-</td><td>2.65</td></tr><tr><td>Sept.</td><td>2.85</td><td>-</td><td>3.47</td><td>Sept.</td><td>2.58</td><td>-</td><td>3.12</td><td>Sept.</td><td>1.94</td><td>-</td><td>2.64</td></tr><tr><td>Oct.</td><td>2.85</td><td>-</td><td>3.46</td><td>Oct.</td><td>2.48</td><td>-</td><td>3.06</td><td>Oct.</td><td>1.88</td><td>2.23</td><td>2.61</td></tr><tr><td>Nov.</td><td>2.83</td><td>-</td><td>3.41</td><td>Nov.</td><td>2.50</td><td>-</td><td>3.04</td><td></td><td></td><td></td><td></td></tr><tr><td>Dec.</td><td>2.83</td><td>-</td><td>3.39</td><td>Dec.</td><td>2.49</td><td>-</td><td>3.02</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="11">Weekly Series - Saturday Figures 5/</td></tr><tr><td>1941-May</td><td>3</td><td>1.91</td><td>-</td><td>2.75</td><td>1941-July</td><td>5</td><td>1.89</td><td>-</td><td>2.65</td><td>1941-Sept. 6</td><td>1.92</td><td>-</td><td>2.64</td></tr><tr><td>10</td><td>1.91</td><td>-</td><td>2.76</td><td>12</td><td>1.92</td><td>-</td><td>2.65</td><td>13</td><td>1.96</td><td>-</td><td>2.65</td></tr><tr><td>17</td><td>1.94</td><td>-</td><td>2.76</td><td>19</td><td>1.90</td><td>-</td><td>2.65</td><td>20</td><td>1.94</td><td>-</td><td>2.64</td></tr><tr><td>24</td><td>1.93</td><td>-</td><td>2.75</td><td>26</td><td>1.91</td><td>-</td><td>2.68</td><td>27</td><td>1.92</td><td>-</td><td>2.64</td></tr><tr><td>31</td><td>1.89</td><td>-</td><td>2.75</td><td></td><td></td><td></td><td></td><td>Oct. 4</td><td>1.92</td><td>-</td><td>2.62</td></tr><tr><td>June 7</td><td>1.89</td><td>-</td><td>2.73</td><td>Aug. 2</td><td>1.90</td><td>-</td><td>2.64</td><td>11</td><td>1.89</td><td>-</td><td>2.61</td></tr><tr><td>14</td><td>1.88</td><td>-</td><td>2.71</td><td>9</td><td>1.96</td><td>-</td><td>2.65</td><td>18</td><td>1.90</td><td>-</td><td>2.61</td></tr><tr><td>21</td><td>1.93 6/</td><td>-</td><td>2.68</td><td>16</td><td>1.95</td><td>-</td><td>2.65</td><td>25</td><td>1.83</td><td>2.22</td><td>2.60</td></tr><tr><td>28</td><td>1.90</td><td>-</td><td>2.66</td><td>23</td><td>1.95</td><td>-</td><td>2.67</td><td>Nov. 1</td><td>1.82</td><td>2.20</td><td>2.58</td></tr><tr><td></td><td></td><td></td><td></td><td>30</td><td>1.90</td><td>-</td><td>2.65</td><td>8</td><td>1.83</td><td>2.20</td><td>2.57</td></tr><tr><td colspan="11">Daily Series</td></tr><tr><td>1941-Oct. 1</td><td>1</td><td>1.91</td><td>-</td><td>2.62</td><td>1941-Oct. 16</td><td>1</td><td>1.91</td><td>-</td><td>2.60</td><td>1941-Oct. 31</td><td>1.82</td><td>2.21</td><td>2.58</td></tr><tr><td>2</td><td>1.90</td><td>-</td><td>2.63</td><td>17</td><td>1.90</td><td>-</td><td>2.61</td><td>Nov. 1</td><td>1.82</td><td>2.20</td><td>2.58</td></tr><tr><td>3</td><td>1.92</td><td>-</td><td>2.62</td><td>18</td><td>1.90</td><td>-</td><td>2.61</td><td>Nov. 3</td><td>1.83</td><td>2.20</td><td>2.58</td></tr><tr><td>4</td><td>1.92</td><td>-</td><td>2.62</td><td>Oct. 20</td><td>1.89</td><td>2.24</td><td>2.61</td><td>4</td><td>1.87</td><td>1/</td><td>2.20</td><td>1/</td></tr><tr><td>Oct. 6</td><td>1.91</td><td>-</td><td>2.62</td><td>21</td><td>1.89</td><td>2.24</td><td>2.61</td><td>5</td><td>1.83</td><td>2.20</td><td>2.57</td></tr><tr><td>7</td><td>1.91</td><td>-</td><td>2.62</td><td>22</td><td>1.88</td><td>2.23</td><td>2.61</td><td>6</td><td>1.83</td><td>2.20</td><td>2.57</td></tr><tr><td>8</td><td>1.91</td><td>-</td><td>2.62</td><td>23</td><td>1.85</td><td>2.22</td><td>2.61</td><td>7</td><td>1.84</td><td>2.20</td><td>2.57</td></tr><tr><td>9</td><td>1.91</td><td>-</td><td>2.62</td><td>24</td><td>1.85</td><td>2.23</td><td>2.60</td><td>8</td><td>1.83</td><td>2.20</td><td>2.57</td></tr><tr><td>10</td><td>1.89</td><td>-</td><td>2.61</td><td>25</td><td>1.83</td><td>2.22</td><td>2.60</td><td>Nov. 10</td><td>1.84</td><td>2.20</td><td>2.57</td></tr><tr><td>11</td><td>1.89</td><td>-</td><td>2.61</td><td>Oct. 27</td><td>1.85</td><td>2.23</td><td>2.60</td><td>11</td><td>1.84</td><td>1/</td><td>2.20</td><td>1/</td></tr><tr><td>Oct. 13</td><td>1/</td><td>1/</td><td>1/</td><td>28</td><td>1.84</td><td>2.23</td><td>2.59</td><td>12</td><td>1.84</td><td>2.20</td><td>2.57</td></tr><tr><td>14</td><td>1.90</td><td>-</td><td>2.60</td><td>29</td><td>1.82</td><td>2.22</td><td>2.58</td><td>13</td><td>1.84</td><td>2.20</td><td>2.56</td></tr><tr><td>15</td><td>1.89</td><td>-</td><td>2.60</td><td>30</td><td>1.83</td><td>2.22</td><td>2.58</td><td>14</td><td>1.85</td><td>2.21</td><td>2.56</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>15</td><td>1.85</td><td>2.22</td><td>2.56</td></tr></table>
Basis of Computation: (1) Treasury bond yields are computed on the basis of the mean of bid and ask quotations in the over-the-counter market, beginning September 2, 1941; previously, closing prices on the New York Stock Exchange were used on days when sales took place on the Exchange in a particular issue and the mean of closing bid and ask quotations on the New York Stock Exchange on days when no sales took place. (2) Corporate bond yields are computed on the basis of closing prices on the New York Stock Exchange and the New York Curb Ex-change; on days when an issue does not sell, the price of the last preceding sale is used.
Back Figures: See "Treasury Bulletin" for July 1941, pages 21-26, and subsequent issues.
1/ Average of partially tax-exempt Treasury bonds neither due nor callable for twelve years. Partially tax-exempt bonds are those the interest on which is exempt from the normal rates of the Federal income tax. (In addition, interest derived from $5,000 aggregate principal amount of partially tax-exempt Treasury bonds and savings bonds is exempt from the surtax rates of the Federal income tax.)
2/ Average of taxable Treasury bonds neither due nor callable for twelve years. Taxable bonds are those the interest on which is subject to both the normal and surtax rates of the Federal income tax. This average commenced October 20, 1941.
3/ 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.
4/ Monthly averages of daily figures except for corporate bonds January 1933 through March 1938, when averages of Saturdays are used.
5/ On days when the exchanges are closed, the date and prices of the previous day are used.
6/ Indicates change in composition of Treasury bond average.
7/ Holiday.
Yields of Long-Term Treasury and Corporate Bonds
Monthly Series
27
YIELDS OF TREASURY BONDS AND NOTES NOV. 15, 1941
Based on Mean of Closing Bid and Asked Quotations
Note For callable bonds, yields are computed to and issued at the earliest call date if the bond is selling above par, and as of the call maturity date if the bond is selling below par. The smooth curves are fitted by eye. Dollar amounts shown in descriptions of issues are in millions. Values for which exchange offers have made or have expired are not reflected by the curves. The yields on callable securities are not reflected by the curves.
OWNERSHIP OF GOVERNMENT SECURITIES
29
30
Ownership of the 2½ Percent Treasury Bonds of 1967-72
The following table presents data on shifts in the ownership of the new 2-1/2 percent Treasury Bonds of 1967-72 between their original allotment and October 31, 1941. These bonds were offered by the Secretary of the Treasury on October 9, 1941 for cash subscription and in exchange for approximately $204 millions of Treasury notes maturing on December 15, 1941 of which $189 millions were tendered for exchange. Subscription books for the receipt of cash subscriptions were closed as of the close of business on October 9. For the receipt of exchange subscriptions the books were closed on October 10.
Data in the first column of the table are estimates of ownership as of the date of closing of the subscription books and are based on a tabulation of the allotments made on the subscriptions received. Data in the second column of the table are estimates of ownership as of October 31 and are based upon a preliminary tabulation from the Treasury survey of the ownership of securities issued or guaranteed by the United States covering information submitted by 7,000 banks and insurance companies. For this purpose, it was assumed that the institutions covered in the survey held the same proportionate share of the 1967-72 issues held by all institutions as in the case of the total holdings of Government securities for each class of investors covered. Commercial banks covered in the survey account for approximately 95 percent of the holdings of the United States Government and Government-guaranteed securities held by all banks in the United States; the mutual savings banks for 97 percent of the holdings of all mutual savings banks, and the insurance companies for 99 percent of the holdings of all insurance companies.
Estimates of Shifts in the Ownership of 2% Percent Treasury Bonds of 1967-72 between their Original Allotment and October 31, 1941
(In millions of dollars)
<table><tr><th>Class of investor</th><th>Original allotment</th><th>October 31</th><th>Net change</th></tr><tr><td>I. Banks and insurance companies</td><td></td><td></td><td></td></tr><tr><td>a. Commercial banks and trust companies</td><td>411</td><td>503</td><td>+92</td></tr><tr><td>b. Mutual savings banks</td><td>90</td><td>212</td><td>+122</td></tr><tr><td>c. Insurance companies</td><td>266</td><td>307</td><td>+41</td></tr><tr><td>Total</td><td>767</td><td>1,022</td><td>+255</td></tr><tr><td>II. Other private investors</td><td></td><td></td><td></td></tr><tr><td>a. Dealers</td><td>70</td><td>1/</td><td></td></tr><tr><td>b. Other financial corporations</td><td>50</td><td>1/</td><td></td></tr><tr><td>c. Other corporations</td><td>142</td><td>1/</td><td></td></tr><tr><td>d. Trust accounts</td><td>53</td><td>1/</td><td></td></tr><tr><td>e. Individuals</td><td>204</td><td>1/</td><td></td></tr><tr><td>f. Other private investors</td><td>99</td><td>1/</td><td></td></tr><tr><td>g. Unclassified</td><td>57</td><td>1/</td><td></td></tr><tr><td>Total</td><td>675</td><td>421</td><td>-254</td></tr><tr><td>III. U. S. Government agencies and trust funds, and Federal Reserve Banks</td><td>148</td><td>148</td><td>-</td></tr><tr><td>IV. Total amount outstanding</td><td>1,590</td><td>1,591</td><td>+1</td></tr></table>
1/ Details not available.
31
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>Public marketable issues</th><th>Private investors 4/</th></tr><tr><td>1913</td><td>22,158</td><td>690</td><td>367</td><td>323</td><td>1,998</td><td>19,469</td><td>19,469</td><td>-</td><td>681</td><td>-</td><td>531</td></tr><tr><td>1914</td><td>26,480</td><td>1,288</td><td>892</td><td>396</td><td>2,432</td><td>22,760</td><td>22,760</td><td>-</td><td>4,123</td><td>352</td><td>3,761</td></tr><tr><td>1915</td><td>27,645</td><td>1,629</td><td>996</td><td>633</td><td>2,433</td><td>23,583</td><td>23,521</td><td>62</td><td>4,718</td><td>375</td><td>4,343</td></tr><tr><td>1916</td><td>32,989</td><td>1,945</td><td>1,319</td><td>626</td><td>2,430</td><td>28,614</td><td>27,353</td><td>1,261</td><td>4,665</td><td>363</td><td>4,302</td></tr><tr><td>1917</td><td>35,800</td><td>3,221</td><td>1,663</td><td>1,558</td><td>2,526</td><td>30,053</td><td>28,865</td><td>1,188</td><td>4,853</td><td>325</td><td>4,528</td></tr><tr><td>1918</td><td>36,575</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>1919</td><td>39,886</td><td>5,600</td><td>1,830</td><td>3,770</td><td>2,551</td><td>31,735</td><td>29,584</td><td>2,151</td><td>5,498</td><td>287</td><td>5,211</td></tr><tr><td>1920</td><td>42,376</td><td>6,792</td><td>2,017</td><td>4,775</td><td>2,458</td><td>33,126</td><td>29,961</td><td>3,166</td><td>6,360</td><td>273</td><td>6,087</td></tr><tr><td>1921</td><td>48,387</td><td>8,214</td><td>2,094</td><td>6,120</td><td>2,180</td><td>37,993</td><td>33,439</td><td>4,554</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1920-October</td><td>43,560</td><td>7,084</td><td>1,982</td><td>5,102</td><td>2,328</td><td>34,148</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>278</td><td>5,623</td></tr><tr><td>December</td><td>44,458</td><td>7,346</td><td>1,976</td><td>5,370</td><td>2,180</td><td>34,932</td><td>31,489</td><td>3,444</td><td>5,901</td><td>278</td><td>5,623</td></tr><tr><td>1941-January</td><td>45,320</td><td>7,404</td><td>1,978</td><td>5,426</td><td>2,180</td><td>35,736</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>2,180</td><td>35,826</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</td><td>2,035</td><td>5,683</td><td>2,180</td><td>36,683</td><td>32,839</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>7,773</td><td>2,066</td><td>5,707</td><td>2,180</td><td>36,720</td><td>32,829</td><td>3,891</td><td>6,550</td><td>276</td><td>6,274</td></tr><tr><td>May</td><td>47,160</td><td>7,908</td><td>2,074</td><td>5,834</td><td>2,180</td><td>37,072</td><td>32,821</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>8,214</td><td>2,094</td><td>6,120</td><td>2,180</td><td>37,993</td><td>33,439</td><td>4,554</td><td>6,360</td><td>273</td><td>6,087</td></tr><tr><td>July</td><td>48,965</td><td>8,426</td><td>2,102</td><td>6,324</td><td>2,180</td><td>38,359</td><td>33,431</td><td>4,928</td><td>6,930</td><td>273</td><td>6,657</td></tr><tr><td>August</td><td>50,371</td><td>8,575</td><td>2,105</td><td>6,470</td><td>2,180</td><td>39,616</td><td>33,382</td><td>6,233</td><td>6,928</td><td>275</td><td>6,653</td></tr><tr><td>September</td><td>50,791</td><td>8,761</td><td>2,103</td><td>6,658</td><td>2,180</td><td>39,850</td><td>33,085</td><td>6,764</td><td>6,929</td><td>278</td><td>6,651</td></tr><tr><td>October</td><td>53,040</td><td>8,853</td><td>2,189 p</td><td>6,664</td><td>2,180</td><td>42,007 p</td><td>34,500 p</td><td>7,507 p</td><td>6,930</td><td>277 p</td><td>6,653 p</td></tr></table>
Sources: (1) Total amounts outstanding: Daily Treasury Statements; (2) Securities held by U. S. Government agencies and trust funds: reports of the agencies and accounts with the Treasury; (3) Securities held by Federal Reserve Banks: Federal Reserve System. Note: This table has been revised in order to classify the Panama Railroad Company as a Government agency rather than as a private investor. p Preliminary. 1/ Excludes obligations sold directly to the Treasury. 2/ Excludes Exchange Stabilization Fund. 3/ Figures shown for June 30 of each year are as of the end of the month. Other figures are as of the Wednesday nearest the end of the month. 4/ The total amount of securities held by private investors is calculated by deducting from the total amount of securities outstanding, the securities held by U. S. Government agencies and trust funds and by Federal Reserve Banks. 5/ Includes public non-marketable issues which have not at any time aggregated as much as $950,000.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(in millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="12">Net market purchases or sales (-)</th></tr><tr><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>-1.7</td><td>-2</td><td>.4</td><td>.4</td><td>-</td><td>-.0</td><td>-.2</td><td></td><td></td></tr></table>
1 Less than $50,000.
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.
32
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 1941
The following tables present summary data from the Treasury survey, as of September 30, 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.
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="8">Public marketable interest-bearing securities 1/ Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,055 institutions</th><th colspan="2">6,293 banks</th><th colspan="4">762 insurance companies</th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,800 commercial banks</th><th>493 mutual savings banks</th><th>Total</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td>1. Type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securitise issues 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>1,305</td><td>833</td><td>829</td><td>788</td><td>41</td><td>4</td><td>*</td><td>4</td><td>-</td><td>471</td></tr><tr><td>Notes</td><td>5,698</td><td>3,348</td><td>3,096</td><td>2,915</td><td>181</td><td>252</td><td>164</td><td>88</td><td>868</td><td>1,482</td></tr><tr><td>Bonde</td><td>30,365</td><td>19,926</td><td>13,807</td><td>10,889</td><td>2,919</td><td>6,118</td><td>4,971</td><td>1,147</td><td>3,413</td><td>7,026</td></tr><tr><td>Guaranteed issues 3/</td><td>6,929</td><td>5,463</td><td>4,854</td><td>4,582</td><td>272</td><td>609</td><td>511</td><td>98</td><td>278</td><td>1,188</td></tr><tr><td>Total</td><td>44,297</td><td>29,570</td><td>22,586</td><td>19,174</td><td>3,412</td><td>6,984</td><td>5,646</td><td>1,338</td><td>4,559</td><td>10,168</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>4,812</td><td>3,335</td><td>3,107</td><td>2,944</td><td>163</td><td>228</td><td>171</td><td>56</td><td>253</td><td>1,225</td></tr><tr><td>1 to 5 years</td><td>17,729</td><td>11,538</td><td>9,443</td><td>8,474</td><td>969</td><td>2,095</td><td>1,640</td><td>456</td><td>1,782</td><td>4,409</td></tr><tr><td>5 to 10 years</td><td>10,696</td><td>7,529</td><td>5,558</td><td>4,395</td><td>1,163</td><td>1,970</td><td>1,601</td><td>370</td><td>1,202</td><td>1,965</td></tr><tr><td>10 to 15 years</td><td>8,589</td><td>5,417</td><td>3,812</td><td>2,793</td><td>1,019</td><td>1,607</td><td>1,357</td><td>253</td><td>1,105</td><td>2,065</td></tr><tr><td>15 to 20 years</td><td>2,454</td><td>1,735</td><td>661</td><td>563</td><td>97</td><td>1,074</td><td>872</td><td>203</td><td>218</td><td>501</td></tr><tr><td>Federal Homeing Administration debentures</td><td>18</td><td>15</td><td>6</td><td>5</td><td>1</td><td>9</td><td>9</td><td>*</td><td>-</td><td>3</td></tr><tr><td>Total</td><td>44,297</td><td>29,570</td><td>22,586</td><td>19,174</td><td>3,412</td><td>6,984</td><td>5,646</td><td>1,338</td><td>4,559</td><td>10,168</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>4,663</td><td>2,342</td><td>2,161</td><td>2,040</td><td>121</td><td>181</td><td>113</td><td>68</td><td>832</td><td>1,488</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>31,882</td><td>21,261</td><td>15,302</td><td>13,064</td><td>2,237</td><td>5,959</td><td>4,792</td><td>1,167</td><td>3,336</td><td>7,285</td></tr><tr><td>Subject to Federal income taxes</td><td>7,752</td><td>5,967</td><td>5,124</td><td>4,070</td><td>1,054</td><td>843</td><td>741</td><td>102</td><td>391</td><td>1,394</td></tr><tr><td>Total</td><td>44,297</td><td>29,570</td><td>22,586</td><td>19,174</td><td>3,412</td><td>6,984</td><td>5,646</td><td>1,338</td><td>4,559</td><td>10,168</td></tr></table>
(Continued on following page)
33
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 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 U. S. Government agencies and trust funds, and Federal Reserve Banke 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,055 institutions</th><th>Total</th><th>6,293 commercial banks</th><th>493 mutual savings banks</th><th>762 insurance companies</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><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>2.9</td><td>2.8</td><td>3.7</td><td>4.1</td><td>1.2</td><td>.1</td><td>*</td><td>.3</td><td>-</td><td>4.6</td></tr><tr><td>Notes</td><td>12.9</td><td>11.3</td><td>13.7</td><td>15.2</td><td>5.3</td><td>3.6</td><td>2.9</td><td>6.6</td><td>19.0</td><td>14.6</td></tr><tr><td>Bonds</td><td>68.5</td><td>67.4</td><td>61.1</td><td>56.8</td><td>85.5</td><td>87.6</td><td>88.1</td><td>85.7</td><td>74.9</td><td>69.1</td></tr><tr><td>Guaranteed issues 3/</td><td>15.6</td><td>18.5</td><td>21.5</td><td>23.9</td><td>8.0</td><td>8.7</td><td>9.0</td><td>7.4</td><td>6.1</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><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>10.9</td><td>11.3</td><td>13.8</td><td>15.4</td><td>4.8</td><td>3.3</td><td>3.0</td><td>4.2</td><td>5.5</td><td>12.0</td></tr><tr><td>1 to 5 years</td><td>40.0</td><td>39.0</td><td>41.8</td><td>44.2</td><td>28.4</td><td>30.0</td><td>29.0</td><td>34.1</td><td>39.1</td><td>43.4</td></tr><tr><td>5 to 10 years</td><td>24.1</td><td>25.5</td><td>24.6</td><td>22.9</td><td>34.1</td><td>28.2</td><td>28.4</td><td>27.6</td><td>26.4</td><td>19.3</td></tr><tr><td>10 to 15 years</td><td>19.4</td><td>18.3</td><td>16.9</td><td>14.6</td><td>29.9</td><td>23.0</td><td>24.0</td><td>18.9</td><td>24.2</td><td>20.3</td></tr><tr><td>15 to 20 years</td><td>5.5</td><td>5.9</td><td>2.9</td><td>2.9</td><td>2.9</td><td>15.4</td><td>15.4</td><td>15.2</td><td>4.8</td><td>4.9</td></tr><tr><td>Federal Housing Administration debentures</td><td>*</td><td>*</td><td>*</td><td>*</td><td>*</td><td>.1</td><td>.2</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></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>10.5</td><td>7.9</td><td>9.6</td><td>10.6</td><td>3.5</td><td>2.6</td><td>2.0</td><td>5.1</td><td>18.2</td><td>14.6</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>72.0</td><td>71.9</td><td>67.7</td><td>68.1</td><td>65.6</td><td>85.3</td><td>84.9</td><td>87.2</td><td>73.2</td><td>71.7</td></tr><tr><td>Subject to Federal income taxes</td><td>17.5</td><td>20.2</td><td>22.7</td><td>21.2</td><td>30.9</td><td>12.1</td><td>13.1</td><td>7.7</td><td>8.6</td><td>13.7</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 colspan="8">Public marketable interest-bearing securities 1/</th></tr><tr><th>Total amount outstanding</th><th>Total 7,055 institutions</th><th colspan="4">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th colspan="2">6,293 banks</th><th colspan="3">762 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,800 commercial banks</th><th>493 mutual savings banks</th><th>Total</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th></tr><tr><td>1. By type of security</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities issued by United States</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Bills</td><td>100.0</td><td>63.9</td><td>63.5</td><td>60.4</td><td>3.1</td><td>.3</td><td>2.9</td><td>.3</td><td>36.1</td></tr><tr><td>Notes</td><td>100.0</td><td>58.8</td><td>54.3</td><td>51.2</td><td>3.2</td><td>4.6</td><td>2.9</td><td>1.5</td><td>26.0</td></tr><tr><td>Bonds</td><td>100.0</td><td>65.6</td><td>45.5</td><td>35.9</td><td>9.6</td><td>20.1</td><td>16.4</td><td>3.8</td><td>23.1</td></tr><tr><td>Guaranteed issues 3/</td><td>100.0</td><td>78.8</td><td>70.0</td><td>66.1</td><td>3.9</td><td>8.8</td><td>7.4</td><td>1.4</td><td>17.2</td></tr><tr><td>Total</td><td>100.0</td><td>66.8</td><td>51.0</td><td>43.3</td><td>7.7</td><td>15.8</td><td>12.7</td><td>3.0</td><td>23.0</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></tr><tr><td>Due or first becoming callable</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Within 1 year</td><td>100.0</td><td>69.3</td><td>64.6</td><td>61.2</td><td>3.1</td><td>4.7</td><td>3.6</td><td>1.2</td><td>25.4</td></tr><tr><td>1 to 5 years</td><td>100.0</td><td>65.1</td><td>53.3</td><td>47.8</td><td>5.5</td><td>11.8</td><td>9.2</td><td>2.6</td><td>24.9</td></tr><tr><td>5 to 10 years</td><td>100.0</td><td>70.4</td><td>52.0</td><td>41.1</td><td>10.9</td><td>18.4</td><td>15.0</td><td>3.5</td><td>18.4</td></tr><tr><td>10 to 15 years</td><td>100.0</td><td>63.1</td><td>41.4</td><td>32.5</td><td>11.9</td><td>18.7</td><td>15.8</td><td>2.9</td><td>24.0</td></tr><tr><td>15 to 20 years</td><td>100.0</td><td>70.7</td><td>26.9</td><td>23.0</td><td>4.0</td><td>43.8</td><td>35.5</td><td>8.3</td><td>20.4</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>83.9</td><td>32.0</td><td>28.6</td><td>3.4</td><td>51.8</td><td>51.1</td><td>.3</td><td>16.1</td></tr><tr><td>Total</td><td>100.0</td><td>66.8</td><td>51.0</td><td>43.3</td><td>7.7</td><td>15.8</td><td>12.7</td><td>3.0</td><td>23.0</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></tr><tr><td>Wholly exempt from Federal income taxes 4/</td><td>100.0</td><td>50.2</td><td>46.3</td><td>43.8</td><td>2.6</td><td>3.9</td><td>2.1</td><td>1.5</td><td>31.9</td></tr><tr><td>Partially exempt from Federal income taxes 5/</td><td>100.0</td><td>66.7</td><td>48.0</td><td>41.0</td><td>7.0</td><td>18.7</td><td>15.0</td><td>3.7</td><td>22.9</td></tr><tr><td>Subject to Federal income taxes</td><td>100.0</td><td>77.0</td><td>66.1</td><td>52.5</td><td>13.6</td><td>10.9</td><td>9.6</td><td>1.3</td><td>18.0</td></tr><tr><td>Total</td><td>100.0</td><td>66.8</td><td>51.0</td><td>43.3</td><td>7.7</td><td>15.8</td><td>12.7</td><td>3.0</td><td>23.0</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, (3) depositary bonds, (4) United States savings bonds, and (5) tax series notes. Such obligations were held by institutions reporting, as follows: (1) depositary bonds: commercial banks - $48 millions; (2) United States savings bonds: commercial banks - $174 millions, mutual savings banks - $23 millions, insurance companies - $34 millions, all institutions - $230 millions; (3) tax series notes: commercial banks - $35 millions, insurance companies - $10 millions, all institutions - $144 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Excludes obligations sold directly to the Treasury.
4/ Securitizes the income from which is exempt from the normal rates and the surtax rates of the Federal income tax.
5/ Securitizes 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.)
34
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 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>Total 7,055 institutions</th><th colspan="4">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th></th><th></th><th colspan="2">6,293 banks</th><th colspan="3">762 insurance companies</th><th></th><th></th></tr><tr><th></th><th></th><th></th><th>Total</th><th>5,800 commercial banks</th><th>493 mutual savings banks</th><th>Total 197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th></tr><tr><td colspan="10">I. Wholly exempt from Federal income taxes 3/</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/4% December 1941</td><td>204</td><td>90</td><td>74</td><td>67</td><td>7</td><td>15</td><td>10</td><td>43</td><td>72</td></tr><tr><td>1-3/4% March 1942</td><td>426</td><td>246</td><td>223</td><td>195</td><td>28</td><td>22</td><td>14</td><td>87</td><td>94</td></tr><tr><td>2% September 1942</td><td>342</td><td>131</td><td>102</td><td>85</td><td>17</td><td>30</td><td>24</td><td>65</td><td>146</td></tr><tr><td>1-3/4% December 1942</td><td>232</td><td>104</td><td>90</td><td>80</td><td>10</td><td>14</td><td>6</td><td>31</td><td>98</td></tr><tr><td>1-1/8% June 1943</td><td>629</td><td>316</td><td>302</td><td>284</td><td>17</td><td>15</td><td>4</td><td>119</td><td>194</td></tr><tr><td>1% September 1943</td><td>279</td><td>199</td><td>194</td><td>186</td><td>7</td><td>6</td><td>3</td><td>37</td><td>43</td></tr><tr><td>1-1/8% December 1943</td><td>421</td><td>196</td><td>162</td><td>151</td><td>11</td><td>35</td><td>28</td><td>73</td><td>152</td></tr><tr><td>1% March 1944</td><td>515</td><td>292</td><td>284</td><td>276</td><td>8</td><td>8</td><td>2</td><td>111</td><td>112</td></tr><tr><td>3/4% June 1944</td><td>416</td><td>246</td><td>239</td><td>232</td><td>7</td><td>6</td><td>3</td><td>77</td><td>93</td></tr><tr><td>1% September 1944</td><td>283</td><td>35</td><td>34</td><td>29</td><td>4</td><td>1</td><td>*</td><td>61</td><td>188</td></tr><tr><td>3/4% March 1945</td><td>718</td><td>474</td><td>444</td><td>440</td><td>4</td><td>30</td><td>20</td><td>96</td><td>148</td></tr><tr><td>Total Treasury notes</td><td>4,467</td><td>2,328</td><td>2,148</td><td>2,027</td><td>120</td><td>130</td><td>113</td><td>68</td><td>800</td><td>1,338</td></tr><tr><td>Bonds</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Postal savings</td><td>117</td><td>13</td><td>13</td><td>12</td><td>*</td><td>1</td><td>*</td><td>32</td><td>72</td></tr><tr><td>Panama Canal</td><td>50</td><td>1</td><td>1</td><td>1</td><td>-</td><td>*</td><td>*</td><td>-</td><td>49</td></tr><tr><td>Conversion</td><td>29</td><td>*</td><td>*</td><td>*</td><td>-</td><td>*</td><td>*</td><td>-</td><td>29</td></tr><tr><td>Total bonds</td><td>196</td><td>14</td><td>13</td><td>13</td><td>*</td><td>1</td><td>*</td><td>1</td><td>32</td><td>150</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>4,663</td><td>2,342</td><td>2,161</td><td>2,040</td><td>121</td><td>131</td><td>113</td><td>68</td><td>832</td><td>1,488</td></tr><tr><td colspan="10">II. Partially exempt from Federal income taxes 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></tr><tr><td>3-3/8% June 1943-47</td><td>454</td><td>260</td><td>203</td><td>146</td><td>57</td><td>56</td><td>43</td><td>13</td><td>49</td><td>145</td></tr><tr><td>3-1/4% October 1943-45</td><td>1,401</td><td>777</td><td>588</td><td>507</td><td>81</td><td>189</td><td>136</td><td>53</td><td>117</td><td>507</td></tr><tr><td>3-1/4% April 1944-46</td><td>1,519</td><td>903</td><td>663</td><td>582</td><td>81</td><td>240</td><td>188</td><td>52</td><td>144</td><td>472</td></tr><tr><td>4% December 1944-54</td><td>1,037</td><td>633</td><td>433</td><td>358</td><td>75</td><td>200</td><td>155</td><td>46</td><td>100</td><td>304</td></tr><tr><td>2-3/4% September 1945-47</td><td>1,214</td><td>789</td><td>567</td><td>481</td><td>86</td><td>222</td><td>176</td><td>46</td><td>109</td><td>316</td></tr><tr><td>2-1/2% December 1945</td><td>541</td><td>417</td><td>317</td><td>285</td><td>32</td><td>100</td><td>64</td><td>35</td><td>29</td><td>95</td></tr><tr><td>3-3/4% March 1946-56</td><td>489</td><td>319</td><td>204</td><td>153</td><td>51</td><td>115</td><td>97</td><td>17</td><td>58</td><td>112</td></tr><tr><td>3% June 1946-48</td><td>1,036</td><td>642</td><td>449</td><td>359</td><td>90</td><td>193</td><td>160</td><td>34</td><td>187</td><td>207</td></tr><tr><td>3-1/8% June 1946-49</td><td>819</td><td>492</td><td>340</td><td>255</td><td>85</td><td>151</td><td>126</td><td>25</td><td>63</td><td>264</td></tr><tr><td>4-1/4% October 1947-52</td><td>759</td><td>413</td><td>248</td><td>167</td><td>82</td><td>165</td><td>108</td><td>58</td><td>80</td><td>265</td></tr><tr><td>2% December 1947</td><td>701</td><td>559</td><td>486</td><td>461</td><td>25</td><td>74</td><td>52</td><td>22</td><td>34</td><td>108</td></tr><tr><td>2-3/4% March 1948-51</td><td>1,223</td><td>907</td><td>661</td><td>530</td><td>131</td><td>247</td><td>208</td><td>38</td><td>157</td><td>159</td></tr><tr><td>2-1/2% September 1948</td><td>451</td><td>353</td><td>274</td><td>252</td><td>22</td><td>78</td><td>67</td><td>12</td><td>26</td><td>72</td></tr><tr><td>2% December 1948-50</td><td>571</td><td>457</td><td>394</td><td>379</td><td>15</td><td>63</td><td>43</td><td>20</td><td>52</td><td>62</td></tr><tr><td>3-1/8% December 1949-52</td><td>491</td><td>379</td><td>232</td><td>151</td><td>82</td><td>147</td><td>109</td><td>38</td><td>43</td><td>70</td></tr><tr><td>2-1/2% December 1949-53</td><td>1,786</td><td>1,218</td><td>948</td><td>792</td><td>157</td><td>270</td><td>219</td><td>51</td><td>269</td><td>299</td></tr><tr><td>2-1/2% September 1950-52</td><td>1,186</td><td>869</td><td>653</td><td>511</td><td>142</td><td>216</td><td>174</td><td>42</td><td>134</td><td>183</td></tr><tr><td>2-3/4% June 1951-54</td><td>1,627</td><td>1,182</td><td>711</td><td>509</td><td>202</td><td>471</td><td>411</td><td>60</td><td>197</td><td>247</td></tr><tr><td>3% September 1951-55</td><td>755</td><td>296</td><td>203</td><td>113</td><td>89</td><td>93</td><td>74</td><td>20</td><td>122</td><td>318</td></tr><tr><td>2-1/4% December 1951-53</td><td>1,118</td><td>806</td><td>733</td><td>662</td><td>71</td><td>73</td><td>57</td><td>16</td><td>167</td><td>145</td></tr><tr><td>2% June 1953-55</td><td>725</td><td>614</td><td>583</td><td>557</td><td>26</td><td>31</td><td>15</td><td>16</td><td>44</td><td>67</td></tr><tr><td>2-1/4% June 1954-56</td><td>681</td><td>535</td><td>400</td><td>360</td><td>41</td><td>134</td><td>106</td><td>28</td><td>48</td><td>99</td></tr><tr><td>2-7/8% March 1955-60</td><td>2,611</td><td>1,099</td><td>522</td><td>362</td><td>160</td><td>577</td><td>467</td><td>110</td><td>443</td><td>1,069</td></tr><tr><td>2-3/4% September 1956-59</td><td>982</td><td>600</td><td>324</td><td>257</td><td>68</td><td>276</td><td>230</td><td>46</td><td>177</td><td>205</td></tr><tr><td>2-3/4% June 1958-63</td><td>919</td><td>681</td><td>263</td><td>215</td><td>48</td><td>418</td><td>343</td><td>75</td><td>94</td><td>144</td></tr><tr><td>2-3/4% December 1960-65</td><td>1,485</td><td>1,054</td><td>397</td><td>348</td><td>49</td><td>657</td><td>529</td><td>128</td><td>123</td><td>308</td></tr><tr><td>Total Treasury bonds</td><td>26,581</td><td>17,253</td><td>11,796</td><td>9,748</td><td>2,048</td><td>5,456</td><td>4,357</td><td>1,099</td><td>3,067</td><td>6,61</td></tr></table>
(Continued on following page)
35
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued
PART A - PAR VALUES IN MILLIONS OF DOLLARS-(Continued)
<table><tr><th rowspan="2">Issue, classified by tax-exemption provision</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 U. S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,055 institutions</th><th>Total</th><th>6,293 banks</th><th>5,800 commercial banks</th><th>493 mutual savings banks</th><th>762 insurance companies</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</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>1% November 1941</td><td>204</td><td>184</td><td>178</td><td>176</td><td>2</td><td>6</td><td>3</td><td>3</td><td>*</td><td>20</td></tr><tr><td>3/4% May 1943</td><td>289</td><td>252</td><td>244</td><td>242</td><td>3</td><td>7</td><td>4</td><td>3</td><td>-</td><td>38</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>154</td><td>103</td><td>93</td><td>11</td><td>51</td><td>47</td><td>3</td><td>2</td><td>81</td></tr><tr><td>2-3/4% March 1942-47</td><td>103</td><td>85</td><td>67</td><td>58</td><td>9</td><td>18</td><td>17</td><td>1</td><td>-</td><td>18</td></tr><tr><td>3-1/4% March 1944-64</td><td>95</td><td>61</td><td>30</td><td>20</td><td>10</td><td>31</td><td>30</td><td>1</td><td>*</td><td>33</td></tr><tr><td>3% May 1944-49</td><td>835</td><td>518</td><td>365</td><td>334</td><td>31</td><td>153</td><td>140</td><td>13</td><td>95</td><td>222</td></tr><tr><td>Federal Housing Administration debentures</td><td>18</td><td>15</td><td>6</td><td>5</td><td>1</td><td>9</td><td>9</td><td>*</td><td>-</td><td>3</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>727</td><td>705</td><td>673</td><td>32</td><td>22</td><td>10</td><td>11</td><td>23</td><td>125</td></tr><tr><td>3% May 1944-52</td><td>779</td><td>373</td><td>281</td><td>227</td><td>54</td><td>92</td><td>85</td><td>7</td><td>141</td><td>264</td></tr><tr><td>1-1/2% June 1945-47</td><td>755</td><td>668</td><td>617</td><td>597</td><td>20</td><td>51</td><td>42</td><td>8</td><td>6</td><td>82</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% November 1941</td><td>300</td><td>264</td><td>231</td><td>229</td><td>2</td><td>33</td><td>26</td><td>7</td><td>-</td><td>35</td></tr><tr><td>7/8% January 1942</td><td>310</td><td>277</td><td>264</td><td>256</td><td>9</td><td>13</td><td>10</td><td>3</td><td>2</td><td>31</td></tr><tr><td>1% July 1942</td><td>276</td><td>237</td><td>225</td><td>220</td><td>5</td><td>12</td><td>8</td><td>4</td><td>*</td><td>39</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>94</td><td>93</td><td>92</td><td>1</td><td>1</td><td>1</td><td>*</td><td>-</td><td>18</td></tr><tr><td>1-3/8% February 1944</td><td>114</td><td>100</td><td>96</td><td>94</td><td>2</td><td>4</td><td>2</td><td>2</td><td>1</td><td>14</td></tr><tr><td>Total guaranteed issues</td><td>5,302</td><td>4,008</td><td>3,505</td><td>3,315</td><td>189</td><td>503</td><td>435</td><td>68</td><td>269</td><td>1,024</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>31,882</td><td>21,261</td><td>15,302</td><td>13,064</td><td>2,237</td><td>5,959</td><td>4,792</td><td>1,167</td><td>3,336</td><td>7,285</td></tr><tr><td colspan="11">III. Subject to Federal income taxes</td></tr><tr><td>Treasury 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>October 1941 maturities</td><td>501</td><td>263</td><td>260</td><td>242</td><td>17</td><td>4</td><td>*</td><td>4</td><td>-</td><td>238</td></tr><tr><td>November 1941 maturities</td><td>401</td><td>258</td><td>257</td><td>245</td><td>12</td><td>1</td><td>-</td><td>1</td><td>-</td><td>144</td></tr><tr><td>December 1941 maturities</td><td>402</td><td>313</td><td>312</td><td>301</td><td>11</td><td>*</td><td>-</td><td>*</td><td>-</td><td>90</td></tr><tr><td>Total Treasury bills</td><td>1,305</td><td>833</td><td>829</td><td>788</td><td>41</td><td>4</td><td>*</td><td>4</td><td>-</td><td>471</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>66</td><td>17</td><td>15</td><td>13</td><td>2</td><td>2</td><td>2</td><td>1</td><td>39</td><td>9</td></tr><tr><td>3/4% September 1944</td><td>635</td><td>535</td><td>499</td><td>466</td><td>33</td><td>36</td><td>26</td><td>10</td><td>22</td><td>78</td></tr><tr><td>3/4% December 1945</td><td>531</td><td>467</td><td>434</td><td>410</td><td>24</td><td>33</td><td>23</td><td>10</td><td>7</td><td>57</td></tr><tr><td>Total Treasury notes</td><td>1,232</td><td>1,020</td><td>948</td><td>888</td><td>60</td><td>71</td><td>51</td><td>21</td><td>68</td><td>144</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>894</td><td>748</td><td>532</td><td>216</td><td>146</td><td>136</td><td>10</td><td>88</td><td>133</td></tr><tr><td>2-1/2% March 1952-54</td><td>1,024</td><td>694</td><td>581</td><td>274</td><td>307</td><td>114</td><td>105</td><td>*</td><td>117</td><td>212</td></tr><tr><td>2-1/2% March 1956-58</td><td>1,449</td><td>1,070</td><td>669</td><td>321</td><td>347</td><td>401</td><td>373</td><td>28</td><td>110</td><td>269</td></tr><tr><td>Total Treasury bonds</td><td>3,588</td><td>2,659</td><td>1,998</td><td>1,127</td><td>870</td><td>661</td><td>614</td><td>47</td><td>314</td><td>615</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 1-1/8% February 1945</td><td>412</td><td>360</td><td>317</td><td>292</td><td>25</td><td>43</td><td>35</td><td>8</td><td>6</td><td>46</td></tr><tr><td>Reconstruction Finance Corporation 7/8% October 1942</td><td>320</td><td>287</td><td>269</td><td>259</td><td>10</td><td>18</td><td>17</td><td>1</td><td>1</td><td>32</td></tr><tr><td>1-1/8% July 1943</td><td>324</td><td>294</td><td>274</td><td>260</td><td>14</td><td>20</td><td>11</td><td>10</td><td>1</td><td>29</td></tr><tr><td>1% April 1944</td><td>571</td><td>514</td><td>489</td><td>455</td><td>34</td><td>25</td><td>14</td><td>12</td><td>1</td><td>56</td></tr><tr><td>Total guaranteed issues</td><td>1,627</td><td>1,455</td><td>1,349</td><td>1,266</td><td>83</td><td>106</td><td>76</td><td>30</td><td>8</td><td>164</td></tr><tr><td>Total subject to Federal income taxes</td><td>7,752</td><td>5,967</td><td>5,124</td><td>4,070</td><td>1,054</td><td>843</td><td>741</td><td>102</td><td>391</td><td>1,394</td></tr><tr><td>IV. Grand total</td><td>44,297</td><td>29,570</td><td>22,586</td><td>19,174</td><td>3,412</td><td>6,984</td><td>5,646</td><td>1,338</td><td>4,559</td><td>10,168</td></tr></table>
(Continued on following page)
36
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 1941 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
<table><tr><th rowspan="2">Issue, classified by tax-exemption provision</th><th rowspan="2">Total amount outstanding</th><th colspan="6">Held by banks and insurance companies covered in Treasury survey</th><th rowspan="2">Held by U. S. Government agencies and trust funds, and Federal Reserve Banke 2/</th><th rowspan="2">Held by all other investors</th></tr><tr><th>Total 7,055 institutions</th><th>Total</th><th>6,293 banks</th><th>493 commercial mutual saving banks</th><th>762 insurance companies</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th></tr><tr><td colspan="10">I. Wholly exempt from Federal income taxes 3/</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>1-1/4% December 1941</td><td>100.0</td><td>43.8</td><td>36.4</td><td>32.9</td><td>3.4</td><td>7.4</td><td>4.9</td><td>2.5</td><td>21.1</td><td>35.1</td></tr><tr><td>1-3/4% March 1942</td><td>100.0</td><td>57.6</td><td>52.4</td><td>45.8</td><td>6.6</td><td>5.3</td><td>3.4</td><td>1.9</td><td>20.3</td><td>22.1</td></tr><tr><td>2% September 1942</td><td>100.0</td><td>38.3</td><td>29.7</td><td>24.7</td><td>5.0</td><td>8.7</td><td>7.0</td><td>1.7</td><td>18.9</td><td>42.7</td></tr><tr><td>1-3/4% December 1942</td><td>100.0</td><td>44.6</td><td>38.7</td><td>34.6</td><td>4.1</td><td>5.9</td><td>2.5</td><td>3.4</td><td>13.3</td><td>42.0</td></tr><tr><td>1-1/8% June 1943</td><td>100.0</td><td>50.3</td><td>47.9</td><td>45.2</td><td>2.8</td><td>2.3</td><td>.6</td><td>1.8</td><td>18.9</td><td>30.3</td></tr><tr><td>1% September 1943</td><td>100.0</td><td>71.3</td><td>69.3</td><td>66.7</td><td>2.6</td><td>2.0</td><td>1.1</td><td>.9</td><td>13.2</td><td>15.5</td></tr><tr><td>1-1/8% December 1943</td><td>100.0</td><td>46.6</td><td>38.4</td><td>35.8</td><td>2.5</td><td>8.2</td><td>6.5</td><td>1.7</td><td>17.4</td><td>36.0</td></tr><tr><td>1% March 1944</td><td>100.0</td><td>56.7</td><td>55.2</td><td>53.6</td><td>1.5</td><td>1.5</td><td>.4</td><td>1.1</td><td>21.6</td><td>21.7</td></tr><tr><td>3/4% June 1944</td><td>100.0</td><td>59.1</td><td>57.6</td><td>55.9</td><td>1.7</td><td>1.5</td><td>.6</td><td>.9</td><td>18.6</td><td>22.3</td></tr><tr><td>1% September 1944</td><td>100.0</td><td>12.3</td><td>11.9</td><td>10.4</td><td>1.5</td><td>.4</td><td>.1</td><td>.2</td><td>21.4</td><td>66.3</td></tr><tr><td>3/4% March 1945</td><td>100.0</td><td>66.0</td><td>61.9</td><td>61.3</td><td>.6</td><td>4.1</td><td>2.7</td><td>1.4</td><td>13.4</td><td>20.6</td></tr><tr><td>Total Treasury notes</td><td>100.0</td><td>52.1</td><td>48.1</td><td>45.4</td><td>2.7</td><td>4.0</td><td>2.5</td><td>1.5</td><td>17.9</td><td>30.0</td></tr><tr><td>Bonde</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>11.3</td><td>10.8</td><td>10.4</td><td>.3</td><td>.5</td><td>.1</td><td>.4</td><td>27.0</td><td>61.7</td></tr><tr><td>Panama Canal</td><td>100.0</td><td>1.4</td><td>1.2</td><td>1.2</td><td>-</td><td>.3</td><td>.2</td><td>.1</td><td>-</td><td>98.6</td></tr><tr><td>Conversion</td><td>100.0</td><td>.4</td><td>.3</td><td>.3</td><td>-</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>99.6</td></tr><tr><td>Total bonds</td><td>100.0</td><td>7.2</td><td>6.8</td><td>6.6</td><td>.2</td><td>.4</td><td>.1</td><td>.3</td><td>16.2</td><td>76.6</td></tr><tr><td>Total wholly exempt from Federal income taxes</td><td>100.0</td><td>50.2</td><td>46.3</td><td>43.8</td><td>2.6</td><td>3.9</td><td>2.4</td><td>1.5</td><td>17.8</td><td>31.9</td></tr><tr><td colspan="10">II. Partially exempt from Federal income taxes 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>3-3/8% June 1943-47</td><td>100.0</td><td>57.2</td><td>44.7</td><td>32.1</td><td>12.6</td><td>12.4</td><td>9.5</td><td>2.9</td><td>10.9</td><td>32.0</td></tr><tr><td>3-1/4% October 1943-45</td><td>100.0</td><td>55.5</td><td>42.0</td><td>36.2</td><td>5.8</td><td>13.5</td><td>9.7</td><td>3.8</td><td>8.4</td><td>36.2</td></tr><tr><td>3-1/4% April 1944-46</td><td>100.0</td><td>52.5</td><td>43.7</td><td>38.3</td><td>5.4</td><td>15.8</td><td>12.4</td><td>3.4</td><td>9.5</td><td>31.0</td></tr><tr><td>4% December 1944-54</td><td>100.0</td><td>61.0</td><td>41.7</td><td>34.5</td><td>7.2</td><td>19.3</td><td>14.9</td><td>4.4</td><td>9.6</td><td>29.3</td></tr><tr><td>2-3/4% September 1945-47</td><td>100.0</td><td>65.0</td><td>46.7</td><td>39.6</td><td>7.1</td><td>18.3</td><td>14.5</td><td>3.8</td><td>9.0</td><td>26.1</td></tr><tr><td>2-1/2% December 1945</td><td>100.0</td><td>77.0</td><td>58.6</td><td>52.7</td><td>5.9</td><td>18.4</td><td>11.9</td><td>6.5</td><td>5.4</td><td>17.6</td></tr><tr><td>3-3/4% March 1946-56</td><td>100.0</td><td>65.1</td><td>41.7</td><td>31.3</td><td>10.4</td><td>23.5</td><td>19.9</td><td>3.5</td><td>11.9</td><td>22.9</td></tr><tr><td>3% June 1946-48</td><td>100.0</td><td>62.0</td><td>43.4</td><td>34.6</td><td>8.7</td><td>18.7</td><td>15.4</td><td>3.2</td><td>18.0</td><td>20.0</td></tr><tr><td>3-1/8% June 1946-49</td><td>100.0</td><td>60.0</td><td>41.5</td><td>31.1</td><td>10.4</td><td>18.5</td><td>15.4</td><td>3.1</td><td>7.8</td><td>32.2</td></tr><tr><td>4-1/4% October 1947-52</td><td>100.0</td><td>54.5</td><td>32.7</td><td>21.9</td><td>10.8</td><td>21.8</td><td>14.2</td><td>7.6</td><td>10.5</td><td>35.0</td></tr><tr><td>2% December 1947</td><td>100.0</td><td>79.8</td><td>69.3</td><td>65.7</td><td>3.6</td><td>10.5</td><td>7.4</td><td>3.1</td><td>4.8</td><td>15.4</td></tr><tr><td>2-3/4% March 1948-51</td><td>100.0</td><td>74.2</td><td>54.0</td><td>43.3</td><td>10.7</td><td>20.2</td><td>17.0</td><td>3.1</td><td>12.9</td><td>13.0</td></tr><tr><td>2-1/2% September 1948</td><td>100.0</td><td>78.2</td><td>60.8</td><td>55.8</td><td>4.9</td><td>17.4</td><td>14.8</td><td>2.6</td><td>5.8</td><td>16.0</td></tr><tr><td>2% December 1948-50</td><td>100.0</td><td>79.9</td><td>68.9</td><td>66.3</td><td>2.6</td><td>11.0</td><td>7.5</td><td>3.5</td><td>9.2</td><td>10.9</td></tr><tr><td>3-1/8% December 1949-52</td><td>100.0</td><td>77.1</td><td>47.3</td><td>30.7</td><td>16.6</td><td>29.8</td><td>22.2</td><td>7.6</td><td>8.7</td><td>14.2</td></tr><tr><td>2-1/2% December 1949-53</td><td>100.0</td><td>68.2</td><td>53.1</td><td>44.3</td><td>8.8</td><td>15.1</td><td>12.3</td><td>2.8</td><td>15.1</td><td>16.7</td></tr><tr><td>2-1/2% September 1950-52</td><td>100.0</td><td>73.3</td><td>55.1</td><td>43.1</td><td>12.0</td><td>18.2</td><td>14.7</td><td>3.6</td><td>11.3</td><td>15.4</td></tr><tr><td>2-3/4% June 1951-54</td><td>100.0</td><td>72.7</td><td>43.7</td><td>31.3</td><td>12.4</td><td>29.0</td><td>25.3</td><td>3.7</td><td>12.1</td><td>15.2</td></tr><tr><td>3% September 1951-55</td><td>100.0</td><td>39.2</td><td>26.8</td><td>15.0</td><td>11.8</td><td>12.3</td><td>9.7</td><td>2.6</td><td>16.1</td><td>44.1</td></tr><tr><td>2-1/4% December 1951-53</td><td>100.0</td><td>72.1</td><td>65.6</td><td>59.2</td><td>6.3</td><td>6.6</td><td>5.1</td><td>1.4</td><td>14.9</td><td>13.9</td></tr><tr><td>2% June 1953-55</td><td>100.0</td><td>84.8</td><td>80.4</td><td>76.8</td><td>3.6</td><td>4.3</td><td>2.1</td><td>2.2</td><td>6.0</td><td>9.2</td></tr><tr><td>2-1/4% June 1954-56</td><td>100.0</td><td>78.5</td><td>58.8</td><td>52.8</td><td>6.0</td><td>19.7</td><td>15.6</td><td>4.2</td><td>7.0</td><td>14.5</td></tr><tr><td>2-7/8% March 1955-60</td><td>100.0</td><td>42.1</td><td>20.0</td><td>13.9</td><td>6.1</td><td>22.1</td><td>17.9</td><td>4.2</td><td>17.0</td><td>40.9</td></tr><tr><td>2-3/4% September 1956-59</td><td>100.0</td><td>61.1</td><td>33.0</td><td>26.1</td><td>6.9</td><td>28.1</td><td>23.4</td><td>4.6</td><td>18.0</td><td>20.8</td></tr><tr><td>2-3/4% June 1958-63</td><td>100.0</td><td>74.1</td><td>28.6</td><td>23.4</td><td>5.3</td><td>45.4</td><td>37.3</td><td>8.2</td><td>10.3</td><td>15.7</td></tr><tr><td>2-3/4% December 1960-65</td><td>100.0</td><td>70.9</td><td>26.7</td><td>23.4</td><td>3.3</td><td>44.2</td><td>35.6</td><td>8.6</td><td>8.3</td><td>20.3</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>64.9</td><td>44.4</td><td>36.7</td><td>7.7</td><td>20.5</td><td>16.4</td><td>4.1</td><td>11.5</td><td>23.6</td></tr></table>
(Continued on following page)
37
Summary Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 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 colspan="8">Held by banks and insurance companies covered in Treasury survey</th><th>Held by U.S. Government agencies and trust funds, and Federal Reserve Banks 2/</th><th>Held by all other investors</th></tr><tr><th></th><th>Total 7,055 institutione</th><th colspan="2">6,293 banks</th><th colspan="3">762 insurance companies</th><th colspan="2"></th><th></th><th></th></tr><tr><th></th><th></th><th>Total</th><th>5,800 commercial banks</th><th>493 mutual savings banks</th><th>Total</th><th>197 life insurance companies</th><th>565 fire, casualty, and marine insurance companies</th><th></th><th></th><th></th></tr><tr><td>11. Partially exempt from Federal income taxes 1/ (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>1% November 1941</td><td>100.0</td><td>90.0</td><td>86.9</td><td>86.1</td><td>.8</td><td>3.1</td><td>1.7</td><td>1.4</td><td>*</td><td>9.9</td></tr><tr><td>3/4% May 1943</td><td>100.0</td><td>86.9</td><td>84.4</td><td>83.5</td><td>.9</td><td>2.5</td><td>1.4</td><td>1.1</td><td>-</td><td>13.1</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>65.0</td><td>43.6</td><td>39.1</td><td>4.5</td><td>21.4</td><td>20.0</td><td>1.4</td><td>.6</td><td>34.4</td></tr><tr><td>2-3/4% March 1942-47</td><td>100.0</td><td>82.5</td><td>64.8</td><td>56.1</td><td>8.6</td><td>17.7</td><td>16.5</td><td>1.3</td><td>-</td><td>17.5</td></tr><tr><td>3-1/4% March 1941-64</td><td>100.0</td><td>64.9</td><td>31.7</td><td>21.6</td><td>10.1</td><td>33.2</td><td>31.8</td><td>1.4</td><td>.2</td><td>34.9</td></tr><tr><td>3% May 1941-49</td><td>100.0</td><td>62.0</td><td>43.7</td><td>40.0</td><td>3.7</td><td>18.3</td><td>16.8</td><td>1.5</td><td>11.4</td><td>26.6</td></tr><tr><td>Federal Housing Administration debentures</td><td>100.0</td><td>83.9</td><td>32.0</td><td>28.6</td><td>3.4</td><td>51.3</td><td>51.4</td><td>.3</td><td>-</td><td>16.1</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>83.0</td><td>80.5</td><td>76.9</td><td>3.7</td><td>2.5</td><td>1.2</td><td>1.3</td><td>2.7</td><td>14.3</td></tr><tr><td>3% May 1944-52</td><td>100.0</td><td>47.9</td><td>36.1</td><td>29.2</td><td>6.9</td><td>11.3</td><td>10.9</td><td>1.0</td><td>18.1</td><td>33.9</td></tr><tr><td>1-1/2% June 1945-47</td><td>100.0</td><td>88.4</td><td>81.7</td><td>79.1</td><td>2.6</td><td>6.7</td><td>5.6</td><td>1.1</td><td>.8</td><td>10.3</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% November 1941</td><td>100.0</td><td>88.2</td><td>77.2</td><td>76.4</td><td>.8</td><td>11.0</td><td>8.7</td><td>2.3</td><td>-</td><td>11.8</td></tr><tr><td>7/8% January 1942</td><td>100.0</td><td>89.4</td><td>85.2</td><td>82.5</td><td>2.8</td><td>4.1</td><td>3.2</td><td>.9</td><td>.5</td><td>10.1</td></tr><tr><td>1% July 1942</td><td>100.0</td><td>85.9</td><td>81.6</td><td>79.7</td><td>1.9</td><td>4.3</td><td>2.9</td><td>1.4</td><td>.1</td><td>14.1</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>83.7</td><td>82.8</td><td>82.2</td><td>.6</td><td>.9</td><td>.6</td><td>.2</td><td>-</td><td>16.3</td></tr><tr><td>1-3/8% February 1944</td><td>100.0</td><td>87.3</td><td>84.2</td><td>82.4</td><td>1.8</td><td>3.1</td><td>1.3</td><td>1.8</td><td>.5</td><td>12.2</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>75.6</td><td>66.1</td><td>62.5</td><td>3.6</td><td>9.5</td><td>8.2</td><td>1.3</td><td>5.1</td><td>19.3</td></tr><tr><td>Total partially exempt from Federal income taxes</td><td>100.0</td><td>66.7</td><td>48.0</td><td>41.0</td><td>7.0</td><td>18.7</td><td>15.0</td><td>3.7</td><td>10.5</td><td>22.9</td></tr><tr><td>111. 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>Treasury 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>October 1941 maturities</td><td>100.0</td><td>52.5</td><td>51.8</td><td>48.3</td><td>3.5</td><td>.7</td><td>*</td><td>.7</td><td>-</td><td>47.5</td></tr><tr><td>November 1941 maturities</td><td>100.0</td><td>64.2</td><td>64.1</td><td>61.0</td><td>3.1</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>35.8</td></tr><tr><td>December 1941 maturities</td><td>100.0</td><td>77.1</td><td>77.7</td><td>75.0</td><td>2.7</td><td>*</td><td>-</td><td>*</td><td>-</td><td>22.3</td></tr><tr><td>Total Treasury bills</td><td>100.0</td><td>63.9</td><td>63.5</td><td>60.4</td><td>3.1</td><td>.3</td><td>*</td><td>.3</td><td>-</td><td>36.1</td></tr><tr><td>Treasury notes</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3/4% March 1943</td><td>100.0</td><td>26.5</td><td>23.1</td><td>19.7</td><td>3.4</td><td>3.3</td><td>2.4</td><td>.9</td><td>59.6</td><td>14.0</td></tr><tr><td>3/4% September 1944</td><td>100.0</td><td>84.2</td><td>78.6</td><td>73.3</td><td>5.3</td><td>5.6</td><td>4.0</td><td>1.6</td><td>3.4</td><td>12.4</td></tr><tr><td>3/4% December 1945</td><td>100.0</td><td>88.0</td><td>81.8</td><td>77.2</td><td>4.6</td><td>6.3</td><td>4.4</td><td>1.9</td><td>1.3</td><td>10.7</td></tr><tr><td>Total Treasury notes</td><td>100.0</td><td>82.8</td><td>77.0</td><td>72.1</td><td>4.9</td><td>5.8</td><td>4.1</td><td>1.7</td><td>5.5</td><td>11.7</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>80.2</td><td>67.1</td><td>47.7</td><td>19.4</td><td>13.1</td><td>12.2</td><td>.9</td><td>7.9</td><td>12.0</td></tr><tr><td>2-1/2% March 1952-54</td><td>100.0</td><td>67.8</td><td>56.7</td><td>26.8</td><td>29.9</td><td>11.1</td><td>10.2</td><td>.9</td><td>11.5</td><td>20.7</td></tr><tr><td>2-1/2% March 1956-58</td><td>100.0</td><td>73.8</td><td>46.2</td><td>22.2</td><td>24.0</td><td>27.7</td><td>25.8</td><td>1.9</td><td>7.6</td><td>18.6</td></tr><tr><td>Total Treasury bonds</td><td>100.0</td><td>74.1</td><td>55.7</td><td>31.4</td><td>24.3</td><td>18.4</td><td>17.1</td><td>1.3</td><td>8.8</td><td>17.1</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>1-1/8% February 1945</td><td>100.0</td><td>87.4</td><td>76.9</td><td>70.9</td><td>6.0</td><td>10.5</td><td>8.4</td><td>2.0</td><td>1.4</td><td>11.3</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>89.6</td><td>84.1</td><td>81.0</td><td>3.1</td><td>5.5</td><td>5.3</td><td>.3</td><td>.2</td><td>10.1</td></tr><tr><td>1-1/8% July 1943</td><td>100.0</td><td>90.8</td><td>84.5</td><td>80.3</td><td>4.2</td><td>6.3</td><td>3.3</td><td>2.9</td><td>.3</td><td>9.0</td></tr><tr><td>1% April 1944</td><td>100.0</td><td>90.0</td><td>85.6</td><td>79.6</td><td>6.0</td><td>4.4</td><td>2.4</td><td>2.0</td><td>.2</td><td>9.3</td></tr><tr><td>Total guaranteed issues</td><td>100.0</td><td>89.4</td><td>82.9</td><td>77.8</td><td>5.1</td><td>6.5</td><td>4.7</td><td>1.9</td><td>.5</td><td>10.1</td></tr><tr><td>Total subject to Federal income taxes</td><td>100.0</td><td>77.0</td><td>66.1</td><td>52.5</td><td>13.5</td><td>10.9</td><td>9.6</td><td>1.3</td><td>5.0</td><td>18.0</td></tr><tr><td>17. Grand total</td><td>100.0</td><td>66.8</td><td>51.0</td><td>43.3</td><td>7.7</td><td>15.8</td><td>12.7</td><td>3.0</td><td>10.3</td><td>23.0</td></tr></table>
Notes: 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, (3) depository bonds, (4) United States savings bonds, and (5) tax series notes. Such obligations were held by institutions reporting, as follows: (1) depository bonds: commercial banks - $42 millions; (2) United States savings bonds: commercial banks - $174 millions, mutual savings banks - $23 millions, insurance companies - $34 millions, all institutions - $230 millions; (3) tax series notes: commercial banks - $35 millions, insurance companies - $10 millions, all institutions-$42 millions.
2/ Excludes Exchange Stabilization Fund.
3/ Excludes 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 $5,000 of principal amount owned by any single holder is also exempt from the surtax rates of the Federal income tax.)
5/ Excludes obligations sold directly to the Treasury.
38
Geographical Classification of Data from Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States, September 30, 1941
<table><tr><th>State</th><th colspan="2">Held by 6,293 commercial and savings banks</th><th colspan="2">Held by 762 insurance companies</th></tr><tr><th></th><th>Amount (par values in millions of dollars)</th><th>Percent of total</th><th>Amount (par values in millions of dollars)</th><th>Percent of total</th></tr><tr><td>Alabama</td><td>$ 44</td><td>.2</td><td>$ 1</td><td>*</td></tr><tr><td>Arizona</td><td>19</td><td>.1</td><td>1</td><td>*</td></tr><tr><td>Arkansas</td><td>29</td><td>.1</td><td>*</td><td>*</td></tr><tr><td>California</td><td>1,337</td><td>5.8</td><td>82</td><td>1.2</td></tr><tr><td>Colorado</td><td>61</td><td>.3</td><td>2</td><td>.1</td></tr><tr><td>Connecticut</td><td>395</td><td>1.7</td><td>966</td><td>13.7</td></tr><tr><td>Delaware</td><td>59</td><td>.3</td><td>4</td><td>.1</td></tr><tr><td>District of Columbia</td><td>125</td><td>.5</td><td>8</td><td>.1</td></tr><tr><td>Florida</td><td>126</td><td>.6</td><td>1</td><td>*</td></tr><tr><td>Georgia</td><td>78</td><td>.3</td><td>1</td><td>*</td></tr><tr><td>Idaho</td><td>32</td><td>.1</td><td>-</td><td>-</td></tr><tr><td>Illinois</td><td>1,617</td><td>7.1</td><td>95</td><td>1.4</td></tr><tr><td>Indiana</td><td>275</td><td>1.2</td><td>40</td><td>.6</td></tr><tr><td>Iowa</td><td>93</td><td>.4</td><td>99</td><td>1.4</td></tr><tr><td>Kansas</td><td>71</td><td>.3</td><td>7</td><td>.1</td></tr><tr><td>Kentucky</td><td>94</td><td>.4</td><td>11</td><td>.2</td></tr><tr><td>Louisiana</td><td>112</td><td>.5</td><td>*</td><td>*</td></tr><tr><td>Maine</td><td>122</td><td>.5</td><td>5</td><td>.1</td></tr><tr><td>Maryland</td><td>398</td><td>1.7</td><td>78</td><td>1.1</td></tr><tr><td>Massachusetts</td><td>1,329</td><td>5.8</td><td>428</td><td>6.1</td></tr><tr><td>Michigan</td><td>607</td><td>2.7</td><td>18</td><td>.3</td></tr><tr><td>Minnesota</td><td>264</td><td>1.2</td><td>41</td><td>.6</td></tr><tr><td>Mississippi</td><td>12</td><td>.1</td><td>11</td><td>*</td></tr><tr><td>Missouri</td><td>427</td><td>1.9</td><td>62</td><td>.9</td></tr><tr><td>Montana</td><td>34</td><td>.1</td><td>2</td><td>.1</td></tr><tr><td>Nebraska</td><td>60</td><td>.3</td><td>9</td><td>.1</td></tr><tr><td>Nevada</td><td>13</td><td>.1</td><td>-</td><td>-</td></tr><tr><td>New Hampshire</td><td>65</td><td>.3</td><td>8</td><td>.1</td></tr><tr><td>New Jersey</td><td>659</td><td>2.9</td><td>1,265</td><td>18.0</td></tr><tr><td>New Mexico</td><td>13</td><td>.1</td><td>-</td><td>-</td></tr><tr><td>New York</td><td>10,207</td><td>44.6</td><td>3,004</td><td>42.7</td></tr><tr><td>North Carolina</td><td>121</td><td>.5</td><td>5</td><td>.1</td></tr><tr><td>North Dakota</td><td>28</td><td>.1</td><td>1</td><td>*</td></tr><tr><td>Ohio</td><td>748</td><td>3.3</td><td>183</td><td>2.6</td></tr><tr><td>Oklahoma</td><td>60</td><td>.3</td><td>*</td><td>*</td></tr><tr><td>Oregon</td><td>129</td><td>.6</td><td>5</td><td>.1</td></tr><tr><td>Pennsylvania</td><td>1,763</td><td>7.7</td><td>334</td><td>4.8</td></tr><tr><td>Rhode Island</td><td>175</td><td>.8</td><td>21</td><td>.3</td></tr><tr><td>South Carolina</td><td>20</td><td>.1</td><td>1</td><td>*</td></tr><tr><td>South Dakota</td><td>13</td><td>.1</td><td>1</td><td>*</td></tr><tr><td>Tennessee</td><td>88</td><td>.4</td><td>12</td><td>.2</td></tr><tr><td>Texas</td><td>289</td><td>1.3</td><td>29</td><td>.4</td></tr><tr><td>Utah</td><td>38</td><td>.2</td><td>4</td><td>.1</td></tr><tr><td>Vermont</td><td>34</td><td>.1</td><td>19</td><td>.3</td></tr><tr><td>Virginia</td><td>122</td><td>.5</td><td>16</td><td>.2</td></tr><tr><td>Washington</td><td>166</td><td>.7</td><td>14</td><td>.2</td></tr><tr><td>West Virginia</td><td>56</td><td>.2</td><td>2</td><td>.1</td></tr><tr><td>Wisconsin</td><td>232</td><td>1.0</td><td>144</td><td>2.0</td></tr><tr><td>Wyoming</td><td>10</td><td>*</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>$22,866 1/</td><td>100.0</td><td>$7,027 2/</td><td>100.0</td></tr></table>
1/ Includes $280 millions of non-marketable securities.
2/ Includes $43 millions of non-marketable securities.
GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE UNITED STATES
-39-
40
Assets and Liabilities of Governmental Corporations and Credit Agencies
September 30, 1941
(In millions of dollars)
<table><tr><th rowspan="2"></th><th colspan="9">Assets</th></tr><tr><th>Total</th><th>Loane</th><th>Pre-ferrred capital stock, etc.</th><th>Cash 1/</th><th>U. S. Government securities</th><th>Securi-ties 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 Govern-mental corpora-tions and agencies</th><th>Capital stock in Govern-mental corpora-tions and agencies 3/</th><th>Other assets</th></tr><tr><td>Banks for cooperatives.</td><td>149.5</td><td>94.1</td><td>-</td><td>11.6</td><td>22.2</td><td>7.7</td><td>12.0</td><td>1.5</td><td>.1</td><td>-</td><td>-</td><td>.3</td></tr><tr><td>Commodity Credit Corporation.</td><td>1,176.6</td><td>172.4</td><td>-</td><td>18.8</td><td>-</td><td>-</td><td>-</td><td>178.7</td><td>2.8</td><td>-</td><td>-</td><td>804.0</td></tr><tr><td>Disaster loan Corporation.</td><td>22.5</td><td>17.7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4.6</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Electric Home and Farm Authority.</td><td>18.8</td><td>18.4</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>166.8</td><td>140.7</td><td>-</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>44.8</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Farm Credit Administration.</td><td>283.4</td><td>257.6</td><td>-</td><td>21.8</td><td>-</td><td>-</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>3.9</td></tr><tr><td>Farm Security Administration.</td><td>516.0</td><td>469.8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31.5</td><td>-</td><td>14.2</td><td>-</td><td>.6</td></tr><tr><td>Federal Crop Insurance Corporation.</td><td>16.4</td><td>-</td><td>-</td><td>6.0</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>10.3</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>584.0</td><td>51.3</td><td>-</td><td>20.7</td><td>448.5</td><td>-</td><td>-</td><td>36.3</td><td>-</td><td>-</td><td>-</td><td>27.2</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>1,463.3</td><td>616.0</td><td>-</td><td>20.8</td><td>-</td><td>-</td><td>761.1</td><td>52.9</td><td>-</td><td>3.3</td><td>-</td><td>10.2</td></tr><tr><td>Federal home loan banks.</td><td>287.6</td><td>178.2</td><td>-</td><td>48.3</td><td>50.2</td><td>10.2</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>Federal Housing Administration.</td><td>92.9</td><td>-</td><td>-</td><td>17.0</td><td>32.3</td><td>-</td><td>-</td><td>29.8</td><td>1.2</td><td>-</td><td>-</td><td>12.7</td></tr><tr><td>Federal intermediate credit banks.</td><td>333.6</td><td>249.6</td><td>-</td><td>26.7</td><td>36.0</td><td>-</td><td>-</td><td>2.3</td><td>-</td><td>18.8</td><td>-</td><td>.1</td></tr><tr><td>Federal land banks 4/.</td><td>2,243.7</td><td>1,795.3</td><td>-</td><td>58.7</td><td>124.6</td><td>-</td><td>6.9</td><td>174.1</td><td>5.8</td><td>7.9</td><td>-</td><td>70.4</td></tr><tr><td>Federal National Mortgage Association.</td><td>206.6</td><td>200.2</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>4.6</td><td>-</td><td>-</td><td>-</td><td>1.3</td></tr><tr><td>Federal Prison Industries, Incorporated.</td><td>10.9</td><td>-</td><td>-</td><td>3.3</td><td>-</td><td>-</td><td>-</td><td>1.3</td><td>4.8</td><td>-</td><td>-</td><td>1.5</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>132.2</td><td>-</td><td>-</td><td>1.5</td><td>25.0</td><td>103.0</td><td>-</td><td>2.7</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>2,593.5</td><td>1,824.7</td><td>174.5</td><td>183.0</td><td>-</td><td>-</td><td>-</td><td>5.5</td><td>2.7</td><td>-</td><td>100.0</td><td>303.0</td></tr><tr><td>Inland Waterway Corporation 5/.</td><td>25.5</td><td>.4</td><td>-</td><td>.8</td><td>3.7</td><td>-</td><td>-</td><td>.6</td><td>19.9</td><td>-</td><td>-</td><td>-</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>574.2</td><td>11.9</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>115.0</td><td>-</td><td>-</td><td>-</td><td>447.2</td></tr><tr><td>Panama Railroad Company 5/.</td><td>55.9</td><td>-</td><td>-</td><td>9.3</td><td>2.0</td><td>-</td><td>3.3</td><td>.7</td><td>40.8</td><td>2.7</td><td>-</td><td>.2</td></tr><tr><td>Production credit corporations.</td><td>126.5</td><td>-</td><td>-</td><td>18.5</td><td>44.2</td><td>-</td><td>63.6</td><td>.2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Public Works Administration.</td><td>84.2</td><td>84.2</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>7.6</td><td>4.3</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>3,112.2</td><td>1,232.7</td><td>407.2</td><td>10.8 1/</td><td>50.7</td><td>-</td><td>8.3</td><td>25.6 1/</td><td>.5</td><td>972.9</td><td>354.7</td><td>48.8</td></tr><tr><td>Regional agricultural credit corporations.</td><td>22.6</td><td>6.8</td><td>-</td><td>15.2</td><td>-</td><td>-</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>RFC Mortgage Company.</td><td>80.9</td><td>69.9</td><td>-</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>1.7</td><td>6.9</td><td>-</td><td>-</td><td>2.0</td></tr><tr><td>Rural Electrification Administration.</td><td>329.2</td><td>309.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6.2</td><td>-</td><td>13.9</td><td>-</td><td>-</td></tr><tr><td>Tennessee Valley Authority.</td><td>438.6</td><td>-</td><td>-</td><td>17.5</td><td>-</td><td>-</td><td>-</td><td>7.0</td><td>413.0</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>479.5</td><td>331.9</td><td>-</td><td>10.5</td><td>6.2</td><td>-</td><td>-</td><td>3.5</td><td>127.4</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Maritime Commission.</td><td>595.5</td><td>30.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36.9</td><td>19.9</td><td>45.3</td><td>10.2</td><td>-</td><td>452.9</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Naval 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 Administrations).</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Corporation.</td><td>1.9</td><td>-</td><td>-</td><td>.6</td><td>-</td><td>-</td><td>-</td><td>1.2</td><td>.1</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Spruce Production Corporation.</td><td>.7</td><td>-</td><td>-</td><td>.1</td><td>.1</td><td>-</td><td>-</td><td>.4</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Governmental agencies 8/.</td><td>242.0</td><td>27.3</td><td>21.3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>165.5</td><td>-</td><td>27.6</td></tr><tr><td>Gross total.</td><td>16,502.7</td><td>8,198.0</td><td>604.3</td><td>523.2</td><td>845.6</td><td>122.0</td><td>889.1</td><td>759.3</td><td>671.2</td><td>1,210.7</td><td>454.7</td><td>2,224.6</td></tr><tr><td>Adjustment to eliminate interagency interests.</td><td>-1,665.4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-1,210.7</td><td>454.7</td><td>-</td></tr><tr><td>Net total.</td><td>14,837.2</td><td>8,198.0</td><td>604.3</td><td>523.2</td><td>845.6</td><td>122.0</td><td>889.1</td><td>759.3</td><td>671.2</td><td>0</td><td>0</td><td>2,224.6</td></tr></table>
(Continued on next page)
41
Assets and Liabilities of Governmental Corporations and Credit Agencies
September 30, 1941 - (Continued)
(In millions of dollars)
<table><tr><th rowspan="2"></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>Total</th><th>Guaranteed by United States</th><th>Not guaranteed by United States</th><th>Due to Government 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>20.9</td><td>-</td><td>.1</td><td>18.8</td><td>2.0</td><td>128.6</td><td>5.2</td><td>123.3</td><td>103.0</td><td>20.3</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>1,075.8</td><td>908.0</td><td>69.3</td><td>-</td><td>98.5</td><td>100.9</td><td>-</td><td>100.9</td><td>100.0</td><td>.9</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>.1</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>22.4</td><td>-</td><td>22.4</td><td>24.0</td><td>-1.6</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>17.5</td><td>-</td><td>17.4</td><td>-</td><td>.2</td><td>1.3</td><td>-</td><td>1.3</td><td>.9</td><td>.4</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>.2</td><td>-</td><td>.2</td><td>-</td><td>-</td><td>186.5</td><td>-</td><td>186.6</td><td>175.0</td><td>11.5</td><td>-</td></tr><tr><td>Farm Credit Administration</td><td>220.8</td><td>-</td><td>.4</td><td>-</td><td>220.4</td><td>62.6</td><td>-</td><td>62.6</td><td>-</td><td>-</td><td>62.6</td></tr><tr><td>Farm Security Administration</td><td>131.3</td><td>-</td><td>29.2</td><td>102.1</td><td>-</td><td>384.7</td><td>-</td><td>384.7</td><td>-</td><td>-</td><td>384.7</td></tr><tr><td>Federal Crop Insurance Corporation</td><td>2.4</td><td>-</td><td>1.9</td><td>-</td><td>.4</td><td>14.0</td><td>-</td><td>14.0</td><td>14.0</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>294.7</td><td>-</td><td>14.4</td><td>-</td><td>280.3</td><td>289.3</td><td>139.3</td><td>150.0</td><td>150.0</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>1,363.3</td><td>1,282.2</td><td>31.9</td><td>1.7</td><td>47.5</td><td>100.0</td><td>-</td><td>100.0</td><td>100.0</td><td>-</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>102.4</td><td>-</td><td>102.4</td><td>-</td><td>-</td><td>185.2</td><td>60.4</td><td>124.7</td><td>124.7</td><td>-</td><td>-</td></tr><tr><td>Federal Housing Administration</td><td>24.6</td><td>17.8</td><td>6.7</td><td>-</td><td>.1</td><td>68.3</td><td>-</td><td>68.3</td><td>-</td><td>-</td><td>68.3</td></tr><tr><td>Federal intermediate credit banks</td><td>245.2</td><td>-</td><td>247.5</td><td>*</td><td>.7</td><td>85.3</td><td>-</td><td>85.3</td><td>60.0</td><td>25.3</td><td>-</td></tr><tr><td>Federal land banks</td><td>1,808.2</td><td>-</td><td>1,769.1</td><td>.9</td><td>38.1</td><td>435.5</td><td>222.0</td><td>213.5</td><td>67.5</td><td>146.0</td><td>-</td></tr><tr><td>Federal National Mortgage Association</td><td>186.8</td><td>-</td><td>90.0</td><td>96.8</td><td>-</td><td>19.8</td><td>-</td><td>19.8</td><td>10.0</td><td>9.8</td><td>-</td></tr><tr><td>Federal Prison Industries, Incorporated</td><td>.5</td><td>-</td><td>.5</td><td>-</td><td>-</td><td>10.4</td><td>-</td><td>10.4</td><td>-</td><td>6.2</td><td>4.1</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1.4</td><td>-</td><td>1.4</td><td>-</td><td>-</td><td>130.8</td><td>-</td><td>130.8</td><td>100.0</td><td>30.8</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>2,490.0</td><td>2,436.8</td><td>24.4</td><td>-</td><td>28.8</td><td>103.5</td><td>-</td><td>103.5</td><td>200.0</td><td>-96.5</td><td>-</td></tr><tr><td>Inland Waterways Corporation 5/</td><td>1.2</td><td>-</td><td>.9</td><td>-</td><td>.4</td><td>24.2</td><td>-</td><td>24.2</td><td>12.0</td><td>12.2</td><td>-</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>-</td><td>2.8</td></tr><tr><td>National defense corporations 6/</td><td>536.5</td><td>-</td><td>26.3</td><td>510.2</td><td>-</td><td>37.7</td><td>-</td><td>37.7</td><td>.30.0</td><td>7.7</td><td>-</td></tr><tr><td>Panama Railroad Company 5/</td><td>3.1</td><td>-</td><td>2.6</td><td>.5</td><td>-</td><td>52.8</td><td>-</td><td>52.8</td><td>7.0</td><td>45.8</td><td>-</td></tr><tr><td>Production credit corporations</td><td>.4</td><td>-</td><td>.*</td><td>-</td><td>.4</td><td>126.1</td><td>-</td><td>126.1</td><td>120.0</td><td>6.1</td><td>-</td></tr><tr><td>Public Works Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>84.2</td><td>-</td><td>84.2</td><td>-</td><td>-</td><td>84.2</td></tr><tr><td>Puerto Rico Reconstruction Administration</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>7.6</td><td>-</td><td>7.6</td><td>-</td><td>-</td><td>7.6</td></tr><tr><td>Reconstruction Finance Corporation</td><td>2,563.6</td><td>2,107.4</td><td>303.11/</td><td>28.1</td><td>125.0</td><td>548.6</td><td>-</td><td>548.6</td><td>325.0</td><td>223.6</td><td>7/</td></tr><tr><td>Regional agricultural credit corporations</td><td>1.1</td><td>-</td><td>.1</td><td>-</td><td>1.0</td><td>21.4</td><td>-</td><td>21.4</td><td>5.0</td><td>16.4</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>55.5</td><td>-</td><td>2.2</td><td>53.3</td><td>*</td><td>25.4</td><td>-</td><td>25.4</td><td>25.0</td><td>.4</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>209.4</td><td>-</td><td>-</td><td>209.4</td><td>-</td><td>119.8</td><td>-</td><td>119.8</td><td>-</td><td>-</td><td>119.8</td></tr><tr><td>Tennessee Valley Authority</td><td>77.7</td><td>-</td><td>17.7</td><td>56.9</td><td>3.1</td><td>360.9</td><td>-</td><td>360.9</td><td>-</td><td>-</td><td>360.9</td></tr><tr><td>Tennessee Valley Associated Cooperatives, Inc. 5/</td><td>-</td><td>-</td><td>.4</td><td>108.1</td><td>5.8</td><td>.3</td><td>-</td><td>.3</td><td>*</td><td>.3</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>340.9</td><td>226.6</td><td>.4</td><td>108.1</td><td>5.8</td><td>138.6</td><td>-</td><td>138.6</td><td>1.0</td><td>137.6</td><td>-</td></tr><tr><td>United States Maritime Commission</td><td>400.0</td><td>-</td><td>362.2</td><td>*</td><td>37.8</td><td>195.5</td><td>-</td><td>195.5</td><td>-</td><td>-</td><td>195.5</td></tr><tr><td>War emergency corporations and agencies (in liquidation):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>-</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</td><td>-</td><td>.1</td><td>-</td><td>-</td><td>.1</td></tr><tr><td>United States Housing Corporation</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1.9</td><td>-</td><td>1.9</td><td>34.1</td><td>-32.2</td><td>-</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><td>-</td></tr><tr><td>Other Governmental agencies 5/</td><td>23.6</td><td>-</td><td>-</td><td>23.6</td><td>-</td><td>218.3</td><td>-</td><td>218.3</td><td>21.3</td><td>-</td><td>197.0</td></tr><tr><td>Gross total</td><td>12,202.6</td><td>6,978.9</td><td>3,122.5</td><td>1,210.7</td><td>890.5</td><td>4,300.1</td><td>427.0</td><td>3,873.1</td><td>1,809.6</td><td>571.5</td><td>1,492.0</td></tr><tr><td>Adjustment to eliminate interagency interests</td><td>-1,210.7</td><td>-</td><td>-</td><td>-1,210.7</td><td>-</td><td>-454.7</td><td>-</td><td>-454.7</td><td>-453.7</td><td>-1.0</td><td>-</td></tr><tr><td>Net total</td><td>10,991.9</td><td>6,978.9</td><td>3,122.5</td><td>0</td><td>890.5</td><td>3,845.4</td><td>427.0</td><td>3,418.4</td><td>1,355.9</td><td>570.5</td><td>1,492.0</td></tr></table>
Source: Daily Treasury Statements.
* Less than $50,000.
1/ Excludes unexpended balances of appropriated funds.
2/ Includes deposits with the Reconstruction Finance Corporation and interest thereon.
3/ Includes paid-in surplus.
4/ Includes the assets and liabilities of the Federal Land Banks of Louisville and Houston which have retired stock and paid-in surplus previously held by the Federal Government.
5/ Figures shown are as of August 31, 1941; figures for September 30, 1941 are not available.
6/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
7/ Adjusted for interagency items and items in transit.
8/ Comprises Treasury Department and other Governmental agencies not listed in this statement.
9/ Obligations held by the Secretary of the Treasury are classified under "Due to Governmental corporations and agencies". Includes accrued interest.
42
Sources of Funds of Certain Governmental Corporations and Credit Agencies for the First 3 Months, Fiscal Year 1942
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscounts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 2,032,357</td><td>-</td><td>-</td><td>$ 130,900</td></tr><tr><td>Commodity Credit Corporation.</td><td>$1,637,415 2/</td><td>4,012,317</td><td>$-140,000,000</td><td>$209,043,000</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>750,000</td><td>-</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>24,700,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>-</td><td>-</td><td>-</td><td>-18,360,000</td><td>-</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>-</td><td>-</td><td>795,275</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>-</td><td>4,414,689</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Federal Saving 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>248,753,831</td><td>-</td><td>-</td><td>3,000,000</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>-</td><td>-</td><td>-19,916,250</td><td>360,101,000</td><td>-</td></tr><tr><td>RFC Mortgage Company.</td><td>-</td><td>4,585,749</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>6,987,904</td><td>19,997,990</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority.</td><td>1,359,906</td><td>-</td><td>23,000,000</td><td>-</td><td>-</td></tr><tr><td>Total.</td><td>$9,985,255</td><td>$308,496,933</td><td>$-136,916,250</td><td>$552,332,275</td><td>$3,130,900</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans ½</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 12,529,423</td><td>$ 149,594</td><td>$ 1,509</td><td>$ 14,843,783</td></tr><tr><td>Commodity Credit Corporation.</td><td>$ 93,261,836</td><td>104,823,299</td><td>5,460,401</td><td>-</td><td>278,244,298</td></tr><tr><td>Disaster Loan Corporation.</td><td>10,648</td><td>1,447,614</td><td>129,930</td><td>-</td><td>1,588,392</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>2,754,996</td><td>376,199</td><td>9,321</td><td>3,830,516</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>9,605,645</td><td>1,677,956</td><td>-</td><td>35,983,601</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>6,178,953</td><td>28,541,180</td><td>33,611</td><td>34,753,744</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>1,455,157</td><td>19,535,919</td><td>14,558,936</td><td>363,681</td><td>17,553,693</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>28,296,175</td><td>1,378,033</td><td>-</td><td>30,472,483</td></tr><tr><td>Federal National Mortgage Association.</td><td>344,934</td><td>3,858,253</td><td>2,337,686</td><td>234,194</td><td>11,189,756</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>908,511</td><td>5</td><td>908,516</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>11,700,905</td><td>48,777,193</td><td>28,654,325</td><td>3,440,802</td><td>92,573,225</td></tr><tr><td>National defense corporations 3/.</td><td>35,164,841</td><td>-</td><td>68,682</td><td>1,652,126</td><td>288,639,480</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>1,082,404</td><td>69,170,141</td><td>20,194,254</td><td>15,567,265</td><td>446,198,814</td></tr><tr><td>RFC Mortgage Company.</td><td>69,139</td><td>3,093,049</td><td>745,876</td><td>569,347</td><td>9,063,160</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>956,628</td><td>1,343,060</td><td>8</td><td>29,285,590</td></tr><tr><td>United States Housing Authority.</td><td>-</td><td>40,328,104</td><td>1,435,599</td><td>492,169</td><td>66,615,738</td></tr><tr><td>Total.</td><td>$143,095,804</td><td>$351,355,592</td><td>$107,960,182</td><td>$22,304,038</td><td>$1,361,804,789</td></tr></table>
Sources: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Represents capital impairment applicable to fiscal year 1941 but not appropriated until July 3, 1941. Actual payment of funds to the Corporation made by the Secretary of the Treasury in the month of September 1941.
3/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
4/ Receipts from the sale of property acquired in liquidation of loans are shown as "Sale of other property acquired".
43
Uses of Funds of Certain Governmental Corporations and Credit Agencies for the First 3 Months, Fiscal Year 1942
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives......</td><td>$ 36,130</td><td>-</td><td>-</td><td>$ 16,871,378</td><td>-</td></tr><tr><td>Commodity Credit Corporation......</td><td>844,780</td><td>-</td><td>$161,251,152</td><td>40,767,143</td><td>-</td></tr><tr><td>Disaster Loan Corporation......</td><td>159,721</td><td>$ 3,542</td><td>-</td><td>340,601</td><td>-</td></tr><tr><td>Electric Home and Farm Authority....</td><td>133,765</td><td>165,560</td><td>-</td><td>3,673,908</td><td>-</td></tr><tr><td>Export-Import Bank of Washington....</td><td>29,595</td><td>16</td><td>-</td><td>36,542,901</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>917,983</td><td>-</td><td>-</td><td>2,462,092</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>1,920,499</td><td>244,394</td><td>707,905</td><td>6,900,648</td><td>-</td></tr><tr><td>Federal home loan banks............</td><td>242,799</td><td>-</td><td>-</td><td>36,589,602</td><td>-</td></tr><tr><td>Federal National Mortgage Association.</td><td>287,913</td><td>335,668</td><td>-</td><td>10,083,877</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation...</td><td>42,117</td><td>1,837</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation......</td><td>4,092,331</td><td>6,458,748</td><td>2,700,389</td><td>2,668,176</td><td>$2,371,375</td></tr><tr><td>National defense corporations 2/.........</td><td>168,547</td><td>44,574</td><td>202,543,857</td><td>11,888,841</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>2,332,424</td><td>406,131</td><td>-</td><td>200,204,976</td><td>-</td></tr><tr><td>RFC Mortgage Company.............</td><td>128,317</td><td>-21,968</td><td>142,162</td><td>7,893,742</td><td>-</td></tr><tr><td>Rural Electrification Administration.</td><td>883,406</td><td>-</td><td>-</td><td>20,645,254</td><td>-</td></tr><tr><td>United States Housing Authority.....</td><td>1,321,133</td><td>367,112</td><td>1,816</td><td>56,576,825</td><td>-</td></tr><tr><td>Total.........................</td><td>$13,541,460</td><td>$8,005,614</td><td>$367,347,281</td><td>$454,109,964</td><td>$2,371,375</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net)</th><th>Allocations, redicounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, use of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 2,214,959</td><td>-</td><td>$ 17,182</td><td>$ 1,706</td><td>$ 19,141,355</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>-</td><td>754,378</td><td>56,883,916</td><td>260,501,369</td></tr><tr><td>Diemer Loan Corporation</td><td>-</td><td>$ 1,034,109</td><td>-</td><td>419</td><td>1,588,392</td></tr><tr><td>Electric Home and Farm Authority</td><td>-</td><td>-</td><td>27,881</td><td>729</td><td>4,001,843</td></tr><tr><td>Export-import Bank of Washington</td><td>-</td><td>-</td><td>-</td><td>-</td><td>36,572,512</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>30,000,000</td><td>-</td><td>-</td><td>35,600</td><td>33,415,675</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>-</td><td>-</td><td>6,561,167</td><td>758,410</td><td>17,093,023</td></tr><tr><td>Federal home loan banks</td><td>-2,976,238</td><td>-</td><td>587,486</td><td>5,013,570</td><td>39,457,219</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>452,265</td><td>30,033</td><td>11,189,756</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>-</td><td>-</td><td>-</td><td>287,770 3/</td><td>331,724</td></tr><tr><td>Home Owners' Loan Corporation</td><td>-8,328,000</td><td>-</td><td>9,997,365</td><td>579,582</td><td>20,539,966</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>72,202,343</td><td>-</td><td>1,779,190</td><td>288,627,352</td></tr><tr><td>Reconstruction Finance Corporation</td><td>3,000,000</td><td>225,110,690</td><td>4,971,612</td><td>-</td><td>436,025,833</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>700,124</td><td>220,434</td><td>9,062,811</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>1,487,750</td><td>-</td><td>23,016,410</td></tr><tr><td>United States Housing Authority</td><td>-</td><td>-</td><td>795,972</td><td>1,118,353</td><td>60,181,211</td></tr><tr><td>Total</td><td>$23,910,721</td><td>$298,397,142</td><td>$26,353,182</td><td>$66,709,712</td><td>$1,260,746,451</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts from the repayment of mortgage loans appear under "Repayment of loans" in the statement of sources of funds.
2/ Comprises Defence Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
44
Sources of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through September 30, 1941
<table><tr><th>Corporation or agency</th><th>Appropriations from General Fund of the Treasury 1/</th><th>Allocations, rediscouts, and loans from other governmental corporations and credit agencies (net)</th><th>Sale of obligations to Treasury (net)</th><th>Sale of obligations in the market (net)</th><th>Sale of stock to other agencies</th></tr><tr><td>Central Bank for Cooperatives....................</td><td>$ 20,000,000</td><td>$ 8,598,546</td><td>-</td><td>-</td><td>$ 925,000</td></tr><tr><td>Commodity Credit Corporation....................</td><td>271,766,037 2/</td><td>-</td><td>-</td><td>$ 905,295,000</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>14,923,750</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>1,296,927,900</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>92,049,573</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>514,934,227</td><td>-</td><td>-</td><td>30,000,000</td></tr><tr><td>Reconstruction Finance Corporation............</td><td>325,000,000</td><td>-</td><td>-</td><td>2,101,550,000</td><td>-</td></tr><tr><td>RFC Mortgage Company....................</td><td>-</td><td>51,065,046</td><td>-</td><td>-</td><td>25,000,000</td></tr><tr><td>Rural Electrification Administration............</td><td>135,686,951</td><td>202,494,958</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United States Housing Authority............</td><td>38,754,479</td><td>-</td><td>$108,000,000</td><td>226,256,000</td><td>-</td></tr><tr><td>Total....................</td><td>$1,267,207,467</td><td>$859,142,350</td><td>$108,000,000</td><td>$7,820,146,200</td><td>$604,965,557</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Sale of other property acquired</th><th>Repayment of loans 1/</th><th>Interest, dividends, assessments, and property income</th><th>Other receipts</th><th>Total, sources of funds</th></tr><tr><td>Central Bank for Cooperatives.</td><td>-</td><td>$ 255,629,917</td><td>$ 10,783,175</td><td>$ 4,302,530</td><td>$ 300,439,168</td></tr><tr><td>Commodity Credit Corporation.</td><td>$168,113,970</td><td>911,865,027</td><td>25,149,333</td><td>4,913,450</td><td>2,287,102,817</td></tr><tr><td>Disaster Loan Corporation.</td><td>121,095</td><td>10,371,996</td><td>1,530,474</td><td>50,577</td><td>36,074,142</td></tr><tr><td>Electric Home and Farm Authority.</td><td>-</td><td>27,013,127</td><td>4,135,351</td><td>317,323</td><td>47,390,551</td></tr><tr><td>Export-Import Bank of Washington.</td><td>-</td><td>62,140,924</td><td>11,989,161</td><td>707,120</td><td>249,837,205</td></tr><tr><td>Federal Deposit Insurance Corporation.</td><td>-</td><td>80,401,126</td><td>329,489,009</td><td>4,348,314</td><td>703,538,006</td></tr><tr><td>Federal Farm Mortgage Corporation.</td><td>15,760,517</td><td>334,686,383</td><td>446,579,876</td><td>10,130,746</td><td>2,204,085,422</td></tr><tr><td>Federal home loan banks.</td><td>-</td><td>632,307,641</td><td>41,973,546</td><td>76,189,589 8/</td><td>950,711,776</td></tr><tr><td>Federal National Mortgage Association.</td><td>651,322</td><td>32,804,822</td><td>21,660,849</td><td>4,160,561</td><td>247,567,127</td></tr><tr><td>Federal Savings and Loan Insurance Corporation.</td><td>-</td><td>-</td><td>36,809,037</td><td>121,982</td><td>136,931,019</td></tr><tr><td>Home Owners' Loan Corporation.</td><td>147,643,062</td><td>1,005,413,175</td><td>906,699,770</td><td>26,235,864</td><td>5,400,445,421</td></tr><tr><td>National defense corporations 6/.</td><td>72,027,610</td><td>-</td><td>71,792</td><td>2,268,812</td><td>619,302,141</td></tr><tr><td>Reconstruction Finance Corporation.</td><td>24,507,391</td><td>5,444,024,248</td><td>628,919,759</td><td>99,286,995</td><td>8,623,288,393</td></tr><tr><td>RFC Mortgage Company.</td><td>648,861</td><td>122,517,210</td><td>13,186,846</td><td>3,943,219</td><td>216,361,182</td></tr><tr><td>Rural Electrification Administration.</td><td>-</td><td>7,912,994</td><td>10,938,673</td><td>122</td><td>357,033,698</td></tr><tr><td>United States Housing Authority.</td><td>951,401</td><td>565,901,258</td><td>22,389,145</td><td>669,692</td><td>962,921,975</td></tr><tr><td>Total.</td><td>$430,425,229</td><td>$9,493,189,848</td><td>$2,512,306,796</td><td>$237,646,896</td><td>$23,343,030,343</td></tr></table>
Source: Reports received from the corporations and agencies.
1/ Items in this column are the only ones in this statement which constitute a charge against the Federal Budget. They represent amounts of funds drawn against available appropriations.
2/ Includes $3,000,000 N.I.E.A.; $97,000,000 E.Y.C. included in notes canceled by the Treasury (See footnote 3); and $171,766,037.38 restoration of Capital Impairment, which is net of a repayment to the Treasury of $43,756,731.01 on the basis of March 31, 1940 appraisal of the corporation, pursuant to Public No. 442 - 75th Congress, approved March 8, 1938.
3/ These funds were furnished by the Reconstruction Finance Corporation from the proceeds of its notes sold to the Treasury, such amounts being included in the total of obligations of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 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 Homes Corporation, Defense Plant Corporations, Defense Supplies Corporation, Metals 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 $47,340,475 paid-in capital stock held by member institutions.
45
Uses of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through September 30, 1941
<table><tr><th>Corporation or agency</th><th colspan="2">Expenses</th><th>Purchase and improvement of property owned</th><th>Loans</th><th>Retirement of obligations issued in exchange for mortgages 1/</th></tr><tr><th></th><th>Administrative</th><th>Nonadministrative</th><th></th><th></th><th></th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 913,973</td><td>-</td><td>-</td><td>$ 282,745,551</td><td>-</td></tr><tr><td>Commodity Credit Corporation</td><td>8,242,659</td><td>-</td><td>$ 318,388.139</td><td>1,811,830,966</td><td>-</td></tr><tr><td>Disaster Loan Corporation</td><td>3,098,408</td><td>$ 137,022</td><td>-</td><td>28,360,603</td><td>-</td></tr><tr><td>Electric Home and Farm Authority</td><td>2,068,640</td><td>1,081,765</td><td>-</td><td>43,258,658</td><td>-</td></tr><tr><td>Export-Import Bank of Washington</td><td>538,312</td><td>6,164</td><td>-</td><td>202,854,618</td><td>-</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>24,559,613</td><td>-</td><td>-</td><td>171,741,895</td><td>-</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>72,980,721</td><td>4,873,282</td><td>14,116,637</td><td>1,037,151,321</td><td>-</td></tr><tr><td>Federal home loan banks</td><td>9,943,173</td><td>-</td><td>-</td><td>810,498,457</td><td>-</td></tr><tr><td>Federal National Mortgage Associat on</td><td>2,989,319</td><td>2,933,327</td><td>-</td><td>235,270,653</td><td>-</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>1,293,404</td><td>26,828</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>221,704,235</td><td>125,584,528</td><td>139,787,162</td><td>3,264,068,148</td><td>$697,216,125</td></tr><tr><td>National defense corporations 2/</td><td>296,906</td><td>44,574</td><td>495,037,587</td><td>11,918,841</td><td>-</td></tr><tr><td>Reconstruction Finance Corporation</td><td>84,930,145</td><td>7,783,279</td><td>-</td><td>7,176,405,533</td><td>-</td></tr><tr><td>RFC Mortgage Company</td><td>4,458,057</td><td>4,091,708</td><td>7,743,489</td><td>193,257,719</td><td>-</td></tr><tr><td>Rural Electrification Administration</td><td>12,498,297</td><td>-</td><td>-</td><td>317,040,395</td><td>-</td></tr><tr><td>United States Housing Authority</td><td>16,449,034</td><td>5,653,916</td><td>26,210,649</td><td>887,612,004</td><td>-</td></tr><tr><td>Total</td><td>$466,964,896</td><td>$152,216,393</td><td>$1,001,283,663</td><td>$16,474,015,362</td><td>$697,216,125</td></tr></table>
<table><tr><th>Corporation or agency</th><th>Investments (net) 2/</th><th>Allocations, rediscounts, and loans to other governmental corporations and credit agencies (net)</th><th>Interest and dividends paid</th><th>Other expenditures</th><th>Total, use of funds</th></tr><tr><td>Central Bank for Cooperatives</td><td>$ 9,442,739</td><td>-</td><td>$ 549,847</td><td>$ 3,179,654</td><td>$ 296,831,764</td></tr><tr><td>Commodity Credit Corporation</td><td>-</td><td>$ 81,535,059</td><td>24,700,516</td><td>23,836,528</td><td>2,268,533,867</td></tr><tr><td>Disaster Loan Corporation</td><td>-</td><td>4,476,280</td><td>-</td><td>829</td><td>36,073,142</td></tr><tr><td>Electric Rome and Farm Authority</td><td>-</td><td>-</td><td>426,738</td><td>195,084</td><td>47,030,885</td></tr><tr><td>Export-Import Bank of Washington</td><td>-</td><td>42,350,000</td><td>2,362,329</td><td>593,801</td><td>248,705,224</td></tr><tr><td>Federal Deposit Insurance Corporation</td><td>450,153,797</td><td>-</td><td>-</td><td>36,509,434 4/</td><td>682,964,739</td></tr><tr><td>Federal Farm Mortgage Corporation</td><td>761,129,840</td><td>-</td><td>275,438,522</td><td>18,122,412</td><td>2,183,862,735</td></tr><tr><td>Federal home loan banks</td><td>60,430,832</td><td>-</td><td>21,365,096</td><td>255,086</td><td>902,492,644</td></tr><tr><td>Federal National Mortgage Association</td><td>-</td><td>-</td><td>6,191,748</td><td>182,080</td><td>247,567,127</td></tr><tr><td>Federal Savings and Loan Insurance Corporation</td><td>128,188,158</td><td>-</td><td>3,035,326</td><td>2,885,932 4/</td><td>135,429,648</td></tr><tr><td>Home Owners' Loan Corporation</td><td>274,525,360</td><td>-</td><td>487,533,636</td><td>6,994,983</td><td>5,217,414,177</td></tr><tr><td>National defense corporations 2/</td><td>-</td><td>81,574,564</td><td>-</td><td>30,417,807</td><td>619,290,279</td></tr><tr><td>Reconstruction Finance Corporation</td><td>354,741,000</td><td>725,638,834</td><td>248,704,120</td><td>14,624,812</td><td>8,612,827,723</td></tr><tr><td>RFC Mortgage Company</td><td>-</td><td>-</td><td>6,023,088</td><td>785,993</td><td>216,360,054</td></tr><tr><td>Rural Electrification Administration</td><td>-</td><td>-</td><td>3,950,313</td><td>371,526</td><td>333,360,531</td></tr><tr><td>United States Housing Authority</td><td>6,070,000</td><td>-</td><td>4,469,858</td><td>5,926,387</td><td>952,391,848</td></tr><tr><td>Total</td><td>$2,044,681,726</td><td>$935,574,737</td><td>$1,084,801,137</td><td>$144,882,348</td><td>$23,001,636,387</td></tr></table>
Source: Reports received from the corporations and agencies. Data on basis of checks issued.
1/ Receipts received in payment of mortgages appear under "Repayment of loans" in the statement of sources of funds.
2/ Comprises Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation, Metals Reserve Company, and Rubber Reserve Company.
3/ Includes U. S. Government bonds in the amount of $378,400,517 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, $44,502,361.
4/ Includes expenditures for contributions and subrogated shares or claims in insured financial institutions.
46
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States
(In millions of dollars)
<table><tr><th>End of fiscal year or month</th><th>Total unmatured obligations outstanding</th><th>Commodity Credit Corporation notes</th><th>Federal Farm Mortgage Corporation bonds</th><th>Federal Housing Administration debentures</th><th>Home Owners' Loan Corporation bonds</th><th>Reconstruction Finance Corporation notes</th><th>United States Housing Authority notes</th></tr><tr><td>1934</td><td>680.7</td><td>-</td><td>311.6</td><td>-</td><td>134.3</td><td>234.8</td><td>-</td></tr><tr><td>1935</td><td>4,122.7</td><td>-</td><td>1,225.6</td><td>-</td><td>2,647.3</td><td>249.3</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>2,537.1</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>2,603.4</td><td>1,096.4</td><td>114.2</td></tr><tr><td>1941</td><td>6,359.6</td><td>696.3</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-October</td><td>5,790.5</td><td>696.3</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>696.3</td><td>1,269.4</td><td>12.5</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>696.3</td><td>1,269.4</td><td>12.9</td><td>2,599.5</td><td>1,096.5</td><td>226.3</td></tr><tr><td>1941-January</td><td>5,900.8</td><td>696.3</td><td>1,269.4</td><td>12.3</td><td>2,599.8</td><td>1,096.9</td><td>226.3</td></tr><tr><td>February</td><td>5,901.1</td><td>696.3</td><td>1,269.4</td><td>12.6</td><td>2,599.8</td><td>1,096.9</td><td>226.3</td></tr><tr><td>March</td><td>5,904.6</td><td>696.3</td><td>1,269.4</td><td>16.0</td><td>2,599.8</td><td>1,097.0</td><td>226.3</td></tr><tr><td>April</td><td>6,549.6</td><td>696.3</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>696.3</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>696.3</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>July</td><td>6,929.6</td><td>907.0</td><td>1,269.4</td><td>16.7</td><td>2,408.9</td><td>2,101.4</td><td>226.3</td></tr><tr><td>August</td><td>6,928.2</td><td>905.3</td><td>1,269.4</td><td>16.9</td><td>2,408.9</td><td>2,101.5</td><td>226.3</td></tr><tr><td>September</td><td>6,928.9</td><td>905.3</td><td>1,269.4</td><td>17.6</td><td>2,408.9</td><td>2,101.5</td><td>226.3</td></tr><tr><td>October</td><td>6,929.5</td><td>905.3</td><td>1,269.4</td><td>18.2</td><td>2,408.9</td><td>2,101.5</td><td>226.3</td></tr></table>
Source: Daily Treasury Statements. 1/ Excludes obligations sold directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing Securities Guaranteed by the United States
(In millions of dollars)
<table><tr><th>Agency</th><th>Date of issue</th><th>Rate (per-cent)</th><th>Term</th><th>Call and maturity dates</th><th colspan="2">Amount issued</th><th>Amount of cash subscriptions tendered</th><th>For cash</th><th colspan="5">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></th><th></th><th></th><th></th><th>Bonds</th><th>Notes</th><th></th><th></th><th></th></tr><tr><td>Commodity Credit Corporation</td><td>May 2, 1938</td><td>3/4</td><td>1 yr., 6 mos.</td><td>Nov. 2, 1939</td><td>-</td><td>206</td><td>1,839</td><td>148</td><td>-</td><td>58</td><td>Aug. 2, 1937</td><td>1</td><td>May 2, 1938</td></tr><tr><td></td><td>Aug. 1, 1939</td><td>5/8</td><td>2 yrs.</td><td>Aug. 1, 1941</td><td>-</td><td>203</td><td>2,853</td><td>203</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 2, 1939</td><td>1</td><td>2 yrs., 13 days</td><td>Nov. 15, 1941</td><td>-</td><td>204</td><td>-</td><td>-</td><td>-</td><td>204</td><td>May 2, 1938</td><td>3/4</td><td>Nov. 2, 1939</td></tr><tr><td></td><td>Mar. 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 1/2 (Add. 5/15/34) 2/2</td><td>3</td><td>10-15 yrs.</td><td>May 15, 1944</td><td>100</td><td>-</td><td>195</td><td>100</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Sept. 3, 1935 1/2</td><td>1-1/2</td><td>4 yrs.</td><td>Sept. 1, 1939</td><td>85</td><td>-</td><td>86</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Home Owners' Loan Corporation</td><td>Aug. 15, 1934 1/2</td><td>1-1/2</td><td>2 yrs.</td><td>Aug. 15, 1936</td><td>50</td><td>-</td><td>124</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/2</td><td>1-3/4</td><td>3 yrs.</td><td>Aug. 15, 1937</td><td>50</td><td>-</td><td>48</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Aug. 15, 1934 1/2</td><td>2</td><td>4 yrs.</td><td>Aug. 15, 1938</td><td>50</td><td>-</td><td>60</td><td>50</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>June 1, 1935</td><td>1-1/2</td><td>4 yrs.</td><td>June 1, 1939</td><td>325 3/4</td><td>-</td><td>-</td><td>80</td><td>245</td><td>-</td><td>July 1, 1933</td><td>4</td><td>July 1, 1935</td></tr><tr><td></td><td>May 15, 1939</td><td>3/8</td><td>1 yr.</td><td>May 15, 1940</td><td>128</td><td>-</td><td>-</td><td>-</td><td>128</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>May 15, 1939</td><td>5/8</td><td>2 yrs.</td><td>May 15, 1941</td><td>192</td><td>-</td><td>-</td><td>-</td><td>192</td><td>-</td><td>June 1, 1935</td><td>1-1/2</td><td>June 1, 1939</td></tr><tr><td></td><td>June 1, 1939</td><td>1-1/2</td><td>6-8 yrs.</td><td>June 1, 1945</td><td>704 1/2</td><td>-</td><td>-</td><td>77</td><td>687</td><td>-</td><td>Aug. 1, 1934</td><td>2-3/4</td><td>Aug. 1, 1939</td></tr><tr><td>Reconstruction Finance Corp.</td><td>July 20, 1933</td><td>7/8</td><td>3 yrs.</td><td>July 20, 1941</td><td>-</td><td>211</td><td>2,627</td><td>211</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1938</td><td>7/8</td><td>3 yrs.</td><td>Nov. 1, 1941</td><td>-</td><td>297</td><td>-</td><td>-</td><td>-</td><td>297 5/8</td><td>Dec. 16, 1935</td><td>1-1/2</td><td>Dec. 15, 1938</td></tr><tr><td></td><td>Feb. 15, 1939</td><td>7/8</td><td>2 yrs., 11 mos.</td><td>Jan. 15, 1942</td><td>-</td><td>310</td><td>2,567</td><td>310</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 10, 1939</td><td>1</td><td>2 yrs., 7 mos.</td><td>July 1, 1942</td><td>-</td><td>276</td><td>3,619</td><td>276</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>7/8</td><td>18 mos.</td><td>Oct. 15, 1942</td><td>-</td><td>320</td><td>2,647</td><td>320</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Apr. 17, 1941</td><td>1-1/8</td><td>2 yrs., 3 mos.</td><td>July 15, 1943</td><td>-</td><td>324</td><td>3,561</td><td>324</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>July 3, 1941</td><td>1</td><td>2 yrs., 94 mos.</td><td>Apr. 15, 1944</td><td>-</td><td>571</td><td>5,065</td><td>363</td><td>-</td><td>209</td><td>July 20, 1938</td><td>7/8</td><td>July 20, 1941</td></tr><tr><td>U. S. Housing Authority</td><td>Feb. 1, 1939</td><td>1-3/8</td><td>5 yrs.</td><td>Feb. 1, 1944</td><td>-</td><td>114</td><td>2,774</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td></td><td>Nov. 1, 1940</td><td>1/4</td><td>1 yr.</td><td>Nov. 1, 1941</td><td>-</td><td>112</td><td>1,860</td><td>112</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
1 Sold on a bid basis.
2 Original issue sold by agency.
3 Original issue of $245,294,750 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 7½% 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. Subsequent to November 1, 1938, $2,800,000 of these notes were sold for cash.
47
Maturity Schedule of Securities Guaranteed by the United States
As of October 31, 1941
(Amount in millions of dollars)
<table><tr><th colspan="4">Classified by year in which issues are first callable 2/</th><th colspan="4">Classified by year in which issues mature</th></tr><tr><th>Description of security 3/</th><th>Fixed-maturity issuance</th><th>Callable issues</th><th>Cumulative total</th><th>Description of security 3/</th><th>Fixed-maturity issuance</th><th>Callable issues</th><th>Cumulative total</th></tr><tr><td>1941<br>7/8% RFC Notes P - 11/1/41<br>1 1/4% USHA Notes E - 11/1/41<br>1% CCC Notes E - 11/15/41</td><td>300<br>112<br>204<br>Total</td><td>-</td><td>616</td><td>1941<br>7/8% RFC Notes P - 11/1/41<br>1 1/4% USHA Notes E - 11/1/41<br>1% CCC Notes E - 11/15/41</td><td>300<br>112<br>204<br>Total</td><td>-</td><td>616</td></tr><tr><td>1942<br>7/8% RFC Notes R - 1/15/42<br>3% FPMC Bonds - 1/15/42-47<br>2-3/4% FPMC Bonds - 3/1/42-47<br>1% RFC Notes S - 7/1/42-44<br>2-1/4% ROLC Bonds G - 7/1/42-44<br>7/8% RFC Notes U - 10/15/42</td><td>310<br>236<br>103<br>276<br>875<br>320<br>Total</td><td>236<br>103<br>875<br>Total</td><td>2,737</td><td>1942<br>7/8% RFC Notes R - 1/15/42<br>1% RFC Notes S - 7/1/42-47<br>7/8% RFC Notes U - 10/15/42</td><td>310<br>276<br>320<br>Total</td><td>-</td><td>1,522</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<br>Total</td><td>-</td><td>3,350</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<br>Total</td><td>-</td><td>2,136</td></tr><tr><td>1944<br>1-3/8% USHA Notes B - 2/1/44<br>3-1/4% FPMC Bonds - 3/15/44-64<br>1% RFC Notes W - 6/15/44<br>3% ROLC Bonds A - 5/1/44-52<br>3% FPMC Bonds - 5/15/44-49</td><td>114<br>571<br>779<br>835<br>Total</td><td>95<br>779<br>835<br>Total</td><td>5,744</td><td>1944<br>1-3/8% USHA Notes B - 2/1/44<br>1% RFC Notes W - 4/15/44<br>2-1/4% ROLC Bonds G - 7/1/42-44</td><td>114<br>571<br>Total</td><td>875</td><td>3,696</td></tr><tr><td>1945<br>1-1/8% CCC Notes O - 2/15/45<br>1-1/2% ROLC Bonds M - 6/1/45-47</td><td>412<br>412<br>Total</td><td>755<br>755<br>Total</td><td>6,911</td><td>1945<br>1-1/8% CCC Notes O - 2/15/45</td><td>412<br>Total</td><td>-</td><td>4,108</td></tr><tr><td>1946</td><td>-</td><td>-</td><td>6,911</td><td>1946</td><td>-</td><td>-</td><td>4,108</td></tr><tr><td>1947<br>3% FPMC Bonds - 1/15/42-47<br>2-3/4% FPMC Bonds - 3/1/42-47<br>1-1/2% ROLC Bonds M - 6/1/45-47</td><td>-</td><td>4,911</td><td>4,911</td><td>1947</td><td>-</td><td>236<br>103<br>755<br>Total</td><td>5,202</td></tr><tr><td>1948</td><td>-</td><td>-</td><td>6,911</td><td>1948</td><td>-</td><td>-</td><td>5,202</td></tr><tr><td>1949<br>3% FPMC Bonds - 5/15/44-49</td><td>-</td><td>6,911</td><td>6,911</td><td>1949</td><td>3% FPMC Bonds - 5/15/44-49</td><td>835<br>Total</td><td>6,038</td></tr><tr><td>1950-51</td><td>-</td><td>-</td><td>6,911</td><td>1950-51</td><td>-</td><td>-</td><td>6,038</td></tr><tr><td>1952<br>3% ROLC Bonds A - 5/1/44-52</td><td>-</td><td>6,911</td><td>6,911</td><td>1952</td><td>3% ROLC Bonds A - 5/1/44-52</td><td>779<br>Total</td><td>6,816</td></tr><tr><td>1953-63</td><td>-</td><td>6,911</td><td>6,911</td><td>1953-63</td><td>-</td><td>-</td><td>6,816</td></tr><tr><td>1964<br>3-1/4% FPMC Bonds - 3/15/44-64</td><td>-</td><td>6,911</td><td>6,911</td><td>1964</td><td>3-1/4% FPMC Bonds - 3/15/44-64</td><td>95<br>Total</td><td>6,911</td></tr></table>
1/ Excludes Federal Housing Administration debentures.
2/ Fixed-maturity issues are classified by year in which due.
3/ 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
48
49
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="4">Employment taxes</th></tr><tr><th>Total</th><th>Individual</th><th>Corporation, income and excess profits 1/</th><th>Miscellaneous profits taxes 2/</th><th>Total</th><th>Social Security taxes 3/ 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><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><td>-</td></tr><tr><td>1931</td><td>2,428,229</td><td>1,860,040</td><td>833,648</td><td>1,026,392</td><td>-</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><td>-</td></tr><tr><td>1933</td><td>1,619,839</td><td>746,791</td><td>352,573</td><td>394,218</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1934</td><td>2,672,339</td><td>819,656</td><td>419,509</td><td>397,516</td><td>2,631</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1935</td><td>3,281,792</td><td>1,105,788</td><td>527,113</td><td>572,115</td><td>6,560</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1936</td><td>3,494,330</td><td>1,427,445</td><td>674,416</td><td>738,520</td><td>14,509</td><td>48</td><td>-</td><td>-</td><td>48</td></tr><tr><td>1937</td><td>4,634,308</td><td>2,179,828</td><td>1,091,741</td><td>1,056,909</td><td>31,178</td><td>265,745</td><td>207,339</td><td>58,119</td><td>287</td></tr><tr><td>1938</td><td>5,643,834</td><td>2,629,016</td><td>1,286,312</td><td>1,299,918</td><td>42,786</td><td>742,660</td><td>502,917</td><td>90,267</td><td>149,476</td></tr><tr><td>1939</td><td>5,162,355</td><td>2,185,105</td><td>1,028,834</td><td>1,122,531</td><td>33,740</td><td>740,429</td><td>529,835</td><td>101,167</td><td>109,427</td></tr><tr><td>1940</td><td>5,322,768</td><td>2,129,606</td><td>982,017</td><td>1,120,579</td><td>27,010</td><td>833,521</td><td>605,390</td><td>106,123</td><td>122,048</td></tr><tr><td>1941</td><td>7,351,531</td><td>3,471,121</td><td>1,417,655</td><td>2,016,295</td><td>37,171</td><td>925,856</td><td>687,327</td><td>100,658</td><td>137,871</td></tr><tr><td>1940-October</td><td>353,813</td><td>45,743</td><td>12,079</td><td>32,136</td><td>1,528</td><td>77,273</td><td>71,781</td><td>4,840</td><td>652</td></tr><tr><td>November</td><td>442,275</td><td>48,877</td><td>15,801</td><td>31,622</td><td>1,454</td><td>122,989</td><td>87,977</td><td>5,872</td><td>29,140</td></tr><tr><td>December</td><td>653,651</td><td>429,275</td><td>160,364</td><td>262,932</td><td>5,979</td><td>8,204</td><td>2,892</td><td>626</td><td>4,686</td></tr><tr><td>1941-January</td><td>369,459</td><td>65,838</td><td>25,992</td><td>38,223</td><td>1,623</td><td>100,307</td><td>74,255</td><td>25,152</td><td>900</td></tr><tr><td>February</td><td>483,014</td><td>122,025</td><td>84,052</td><td>35,899</td><td>2,074</td><td>156,146</td><td>94,705</td><td>40,237</td><td>21,204</td></tr><tr><td>March</td><td>1,470,860</td><td>1,186,951</td><td>569,203</td><td>611,397</td><td>6,351</td><td>16,135</td><td>2,145</td><td>1,326</td><td>12,604</td></tr><tr><td>April</td><td>412,881</td><td>74,149</td><td>18,622</td><td>52,214</td><td>3,313</td><td>88,766</td><td>83,000</td><td>3,889</td><td>1,877</td></tr><tr><td>May</td><td>538,827</td><td>135,497</td><td>21,195</td><td>111,981</td><td>2,321</td><td>137,414</td><td>105,884</td><td>6,148</td><td>25,382</td></tr><tr><td>June</td><td>1,110,083</td><td>847,814</td><td>311,899</td><td>531,898</td><td>4,017</td><td>12,597</td><td>3,158</td><td>806</td><td>8,633</td></tr><tr><td>July</td><td>459,587</td><td>80,573</td><td>20,553</td><td>57,801</td><td>2,219</td><td>100,065</td><td>95,612</td><td>3,726</td><td>727</td></tr><tr><td>August</td><td>472,311</td><td>58,398</td><td>15,684</td><td>40,630</td><td>2,084</td><td>138,516</td><td>109,268</td><td>5,761</td><td>23,487</td></tr><tr><td>September</td><td>1,051,580</td><td>776,725</td><td>277,383</td><td>492,215</td><td>7,127</td><td>16,734</td><td>3,204</td><td>888</td><td>12,662</td></tr><tr><td>October</td><td>588,533</td><td>72,755</td><td>13,352</td><td>58,109</td><td>1,294</td><td>106,308</td><td>101,689</td><td>3,831</td><td>788</td></tr></table>
<table><tr><th rowspan="2">Fiscal year or month</th><th colspan="8">Miscellaneous internal revenues</th><th rowspan="2">Agricultural adjustment taxes</th></tr><tr><th>Total</th><th>Capital stock tax</th><th>State and gift taxes</th><th>Alcoholic beverage taxes</th><th>Tobacco taxes</th><th>Stamp taxes</th><th>Manufacturers' and retailers' 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>434,445</td><td>64,173</td><td>166</td><td>34,322</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></tr><tr><td>1931</td><td>568,189</td><td>-</td><td>48,078</td><td>10,432</td><td>444,277</td><td>46,954</td><td>138</td><td>18,710</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></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></tr><tr><td>1934</td><td>1,481,160</td><td>80,158</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>371,423</td></tr><tr><td>1935</td><td>1,649,782</td><td>91,508</td><td>212,112</td><td>410,926</td><td>458,776</td><td>43,133</td><td>342,275</td><td>92,052</td><td>526,222</td></tr><tr><td>1936</td><td>2,004,514</td><td>94,943</td><td>378,840</td><td>505,243</td><td>500,786</td><td>68,990</td><td>379,540</td><td>76,172</td><td>62,323</td></tr><tr><td>1937</td><td>2,188,735</td><td>137,499</td><td>305,548</td><td>593,831</td><td>551,923</td><td>69,919</td><td>449,854</td><td>80,161</td><td>-</td></tr><tr><td>1938</td><td>2,272,158</td><td>139,349</td><td>416,874</td><td>567,570</td><td>557,777</td><td>46,233</td><td>416,754</td><td>117,501</td><td>-</td></tr><tr><td>1939</td><td>2,236,821</td><td>127,203</td><td>360,715</td><td>587,605</td><td>579,784</td><td>42,083</td><td>396,891</td><td>143,540</td><td>-</td></tr><tr><td>1940</td><td>2,359,641</td><td>132,739</td><td>360,071</td><td>624,064</td><td>608,072</td><td>38,681</td><td>447,088</td><td>148,926</td><td>-</td></tr><tr><td>1941</td><td>2,954,554</td><td>166,653</td><td>407,058</td><td>819,869</td><td>697,712</td><td>39,057</td><td>617,354</td><td>206,851</td><td>-</td></tr><tr><td>1940-October</td><td>230,797</td><td>3,954</td><td>21,881</td><td>75,697</td><td>61,346</td><td>3,109</td><td>48,240</td><td>16,570</td><td>-</td></tr><tr><td>November</td><td>270,409</td><td>260</td><td>46,360</td><td>81,246</td><td>53,160</td><td>3,152</td><td>65,573</td><td>20,658</td><td>-</td></tr><tr><td>December</td><td>216,172</td><td>252</td><td>29,732</td><td>64,205</td><td>50,310</td><td>4,169</td><td>51,167</td><td>16,337</td><td>-</td></tr><tr><td>1941-January</td><td>203,314</td><td>240</td><td>30,239</td><td>52,056</td><td>59,139</td><td>4,432</td><td>40,880</td><td>16,328</td><td>-</td></tr><tr><td>February</td><td>204,843</td><td>158</td><td>32,477</td><td>53,040</td><td>52,539</td><td>3,532</td><td>48,471</td><td>14,826</td><td>-</td></tr><tr><td>March</td><td>267,774</td><td>415</td><td>67,994</td><td>61,702</td><td>56,672</td><td>3,097</td><td>57,185</td><td>20,709</td><td>-</td></tr><tr><td>April</td><td>249,966</td><td>187</td><td>49,720</td><td>66,124</td><td>58,044</td><td>3,519</td><td>54,218</td><td>18,154</td><td>-</td></tr><tr><td>May</td><td>265,916</td><td>250</td><td>29,174</td><td>79,443</td><td>64,586</td><td>3,307</td><td>67,370</td><td>21,786</td><td>-</td></tr><tr><td>June</td><td>249,672</td><td>250</td><td>30,599</td><td>80,952</td><td>66,446</td><td>3,378</td><td>51,391</td><td>16,656</td><td>-</td></tr><tr><td>July</td><td>278,949</td><td>11,803</td><td>29,980</td><td>86,333</td><td>66,327</td><td>3,064</td><td>63,743</td><td>17,699</td><td>-</td></tr><tr><td>August</td><td>275,397</td><td>3,797</td><td>22,636</td><td>85,847</td><td>64,044</td><td>3,975</td><td>72,524</td><td>22,574</td><td>-</td></tr><tr><td>September</td><td>258,101</td><td>5,084</td><td>20,840</td><td>85,727</td><td>67,750</td><td>3,794</td><td>54,328</td><td>19,568</td><td>-</td></tr><tr><td>October</td><td>409,470</td><td>130,148</td><td>32,632</td><td>91,516</td><td>71,304</td><td>3,553</td><td>60,219</td><td>20,088</td><td>-</td></tr></table>
Source: Reports of collections.
Note: Collections for credit to trust accounts, formerly included in this table, have now been excluded (except for the fiscal years 1929 through 1934, when they aggregated less than $1 million a year). 
1/ Excess profits tax imposed under the Second Revenue Act of 1940, as amended.
2/ Consists of the declared value excess profits tax, the profit limiting provisions of the Vinson Act, and the tax on unjust enrichment.
3/ 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.
4/ Include tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933.
50
COLLECTIONS OF INTERNAL REVENUE
Fiscal Years 1929 to 1941 First 4 Months Fiscal Year 1942
By Principal Sources
* Includes miscellaneous profite taxes
51
Detailed Analysis of Current Internal Revenue Collections
(In thousands of dollars)
<table><tr><th>Sources of revenue</th><th>October 1941</th><th colspan="2">First four months</th><th>Sources of revenue</th><th>October 1941</th><th colspan="2">First four months</th></tr><tr><th></th><th></th><th>Fiscal year 1941</th><th>Fiscal year 1942</th><th></th><th></th><th>Fiscal year 1941</th><th>Fiscal year 1942</th></tr><tr><td>Income and profits taxes:</td><td></td><td></td><td></td><td>Stamp taxes:</td><td></td><td></td><td></td></tr><tr><td>Individual</td><td></td><td></td><td></td><td>Bonds, issues of capital stocks, deeds of conveyance, etc.</td><td>2.264</td><td>6.498</td><td>7.818</td></tr><tr><td>Current</td><td>5,577</td><td>182,474</td><td>292,852</td><td>Transfers of capital stock and similar interest sales</td><td>1.044</td><td>2.964</td><td>3.995</td></tr><tr><td>Beck</td><td>7,775</td><td>28,053</td><td>34,111</td><td>Playing cards</td><td>252</td><td>995</td><td>2,573</td></tr><tr><td>Corporation</td><td></td><td></td><td></td><td>Silver bullion sales or transfers</td><td>3</td><td>14</td><td>10</td></tr><tr><td>Current</td><td>41,501</td><td>301,377</td><td>507,862</td><td>Repealed taxes not listed above</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Back</td><td>9,368</td><td>38,282</td><td>54,300</td><td>Total stamp taxes</td><td>3,563</td><td>10.471</td><td>14,396</td></tr><tr><td>Excise profits tax (Second Revenue Act of 1940 as amended)</td><td>7.240</td><td>-</td><td>86,592</td><td>Manufacturers' and retailers' excise taxes:</td><td></td><td></td><td></td></tr><tr><td>Miscellaneous profits taxes</td><td></td><td></td><td></td><td>lubricating oils</td><td>3,603</td><td>12,739</td><td>15,892</td></tr><tr><td>Declared value</td><td>1,055</td><td>5,467</td><td>10,563</td><td>Gasoline</td><td>35,712</td><td>109,545</td><td>141,544</td></tr><tr><td>Vision Act</td><td>2</td><td>1,229</td><td>25</td><td>Tires and tubes</td><td>3,790</td><td>16,031</td><td>23,574</td></tr><tr><td>Unjust enrichment</td><td>237</td><td>3,854</td><td>2,135</td><td>Floor taxes on tires and tubes</td><td>2,289</td><td>-</td><td>4,581</td></tr><tr><td>Total income and profits taxes</td><td>72,755</td><td>560,696</td><td>988,451</td><td>Automobiles, trucks and buses</td><td>889</td><td>2,542</td><td>4,581</td></tr><tr><td>Employment taxes:</td><td></td><td></td><td></td><td>Other automobiles and motorcycles</td><td>4,306</td><td>12,207</td><td>29,078</td></tr><tr><td>Social Security taxes:</td><td></td><td></td><td></td><td>Parts and accessories for automobiles</td><td>1,806</td><td>3,747</td><td>6,268</td></tr><tr><td>Federal Insurance Contributions Act (Old-age insurance)</td><td>101,689</td><td>233,312</td><td>309,773</td><td>Electrical energy</td><td>3,970</td><td>14,159</td><td>16,277</td></tr><tr><td>Federal Unemployment Tax Act (Unemployment insurance)</td><td>3,831</td><td>16,602</td><td>14,206</td><td>Electric, gas, and oil appliances</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total Social Security taxes</td><td>105,520</td><td>249,914</td><td>323,979</td><td>Electric light bulbs and tubes</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Carriers' Tacking Act of 1937</td><td>788</td><td>33,385</td><td>37,664</td><td>Electric signs</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Total employment taxes</td><td>106,308</td><td>283,299</td><td>361,643</td><td>Radio sets, phonographs, components, etc.</td><td>897</td><td>2,357</td><td>2,896</td></tr><tr><td>Miscellaneous internal revenue:</td><td></td><td></td><td></td><td>Phonograph records</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Capital stock tax</td><td>130,148</td><td>164,640</td><td>150,832</td><td>Musical instruments</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Estate tax</td><td>31,940</td><td>86,430</td><td>103,941</td><td>Mechanical refrigerator, air-conditioners, etc.</td><td>1,158</td><td>3,269</td><td>5,378</td></tr><tr><td>Gift tax</td><td>692</td><td>4,333</td><td>2,147</td><td>Matches</td><td>586</td><td>60</td><td>586</td></tr><tr><td>Alcoholic beverage taxes:</td><td></td><td></td><td></td><td>Floor taxes on matches</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distilled spirits (imported, excise)</td><td>3,424</td><td>9,455</td><td>13,114</td><td>Business and store machines</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distilled spirits (domestic, excise)</td><td>52,410</td><td>119,683</td><td>174,266</td><td>Pure - retailers' excise</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Distilled spirits rectification tax</td><td>1,544</td><td>4,268</td><td>5,711</td><td>Jewelry - retailers' excise</td><td>1</td><td>-</td><td>1</td></tr><tr><td>Wines, cordials, etc. (imported, excise)</td><td>48</td><td>143</td><td>113</td><td>Luggage</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Wines, cordials, etc. (domestic, excise)</td><td>2,463</td><td>3,578</td><td>6,321</td><td>Optical equipment</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brandy used for fortifying sweet wines (Repealed as of July 1, 1940)</td><td>28</td><td>763</td><td>1,171</td><td>Photographic apparatus</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dealers in distilled spirits; rectifiers; manufacturers of stills (special taxes)</td><td>150</td><td>5,350</td><td>5,130</td><td>Rubber articles</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Stamps for distilled spirits intended for export</td><td>-</td><td>-</td><td>1</td><td>Sporting goods</td><td>1</td><td>-</td><td>5</td></tr><tr><td>Case stamps for distilled spirits bottled in bond</td><td>107</td><td>323</td><td>413</td><td>Toilet preparations - retailers' excise</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Container stamps</td><td>1,034</td><td>3,044</td><td>3,976</td><td>Washing machines</td><td>699</td><td>2,324</td><td>2,146</td></tr><tr><td>Floor taxes</td><td>144</td><td>15,281</td><td>261</td><td>Pistols and revolvers</td><td>6</td><td>18</td><td>23</td></tr><tr><td>Fermented malt liquors</td><td>30,090</td><td>116,405</td><td>137,357</td><td>Repealed taxes not listed above</td><td>546</td><td>2,100</td><td>2,580</td></tr><tr><td>Brewers; dealers in malt liquors (special taxes)</td><td>74</td><td>2,792</td><td>2,590</td><td>Total manufacturers' and retailers' excise taxes</td><td>60,219</td><td>181,098</td><td>250,833</td></tr><tr><td>Total alcoholic beverage taxes</td><td>91,516</td><td>281,105</td><td>350,428</td><td>Miscellaneous taxes:</td><td></td><td></td><td></td></tr><tr><td>Tobacco taxes:</td><td></td><td></td><td></td><td>Bituminous Coal Act of 1937</td><td>469</td><td>1,343</td><td>1,762</td></tr><tr><td>Cigars (large)</td><td>1,514</td><td>4,760</td><td>5,037</td><td>Sugar Act of 1937</td><td>6,984</td><td>23,734</td><td>27,874</td></tr><tr><td>Cigars (small)</td><td>11</td><td>39</td><td>36</td><td>Telephone, telegraph, radio and cable, leased wires, etc.</td><td>3,058</td><td>8,494</td><td>11,258</td></tr><tr><td>Cigarettes (large)</td><td>2</td><td>3</td><td>5</td><td>Local telephone service</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cigarettes (small)</td><td>63,806</td><td>205,045</td><td>242,368</td><td>Transportation of oil by pipe line</td><td>1,145</td><td>3,943</td><td>4,564</td></tr><tr><td>Snuff</td><td>665</td><td>2,237</td><td>2,421</td><td>Transportation of persons, seats, hertha, etc. (effective 10/10/41)</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Tobacco (chewing and smoking)</td><td>5,127</td><td>19,658</td><td>18,852</td><td>Use of motor vehicles (effective 2/1/42)</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cigarette papers and tubes</td><td>179</td><td>565</td><td>701</td><td>Lease of boats (effective 2/1/42)</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Leaf dealer penalties, etc.</td><td>-</td><td>4,509</td><td>2</td><td>Lease of safe-deposit boxes</td><td>214</td><td>698</td><td>790</td></tr><tr><td>Cigarette fluor taxes</td><td>-</td><td>-</td><td>3</td><td>Admissions to theaters, concerts, cabarets, etc.</td><td>6,812</td><td>18,537</td><td>27,348</td></tr><tr><td>Total tobacco taxes</td><td>71,304</td><td>236,816</td><td>269,435</td><td>Club dues and initiation fees</td><td>441</td><td>2,060</td><td>2,170</td></tr><tr><td></td><td></td><td></td><td></td><td>Bowling alleys, pool tables, etc.</td><td>19</td><td>-</td><td>19</td></tr><tr><td></td><td></td><td></td><td></td><td>Coin operated devices</td><td>9</td><td>-</td><td>9</td></tr><tr><td></td><td></td><td></td><td></td><td>Adulterated and process or renovated butter, mixed flour and filled cheese</td><td>2</td><td>13</td><td>11</td></tr><tr><td></td><td></td><td></td><td></td><td>Oleomargarine, including special taxes</td><td>118</td><td>1,121</td><td>1,255</td></tr><tr><td></td><td></td><td></td><td></td><td>Marionettes, including marihuana and special taxes</td><td>20</td><td>223</td><td>235</td></tr><tr><td></td><td></td><td></td><td></td><td>Coconut and other vegetable oils processed</td><td>783</td><td>1,415</td><td>2,581</td></tr><tr><td></td><td></td><td></td><td></td><td>National Firearm Act</td><td>1</td><td>3</td><td>10</td></tr><tr><td></td><td></td><td></td><td></td><td>All other, including repealed taxes not listed above</td><td>13</td><td>9</td><td>24</td></tr><tr><td></td><td></td><td></td><td></td><td>Total miscellaneous taxes</td><td>20,088</td><td>61,593</td><td>79,910</td></tr><tr><td>Total internal revenue</td><td>588,533</td><td>1,870,481</td><td>2,572,012</td><td>Total miscellaneous internal revenue</td><td>409,470</td><td>1,026,486</td><td>1,221,918</td></tr></table>
Source: Reports of collections.
1/ Excludes Trust Fund Collections.
Less than $500.
CUSTOMS STATISTICS
- 52 -
53
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">Fiscal year</th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Chemicals, oils and paints</td><td>16,527</td><td>10,926</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><td>1,111</td><td>1,486</td><td>1,234</td><td>784</td></tr><tr><td>Earths, earthenware and glassware</td><td>9,921</td><td>8,189</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><td>615</td><td>696</td><td>674</td><td>657</td></tr><tr><td>Metals and manufactures</td><td>27,302</td><td>40,663</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><td>4,653</td><td>4,162</td><td>3,071</td><td>4,182</td></tr><tr><td>Wood and manufactures</td><td>1,842</td><td>1,977</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><td>196</td><td>251</td><td>254</td><td>272</td></tr><tr><td>Sugar, molasses and manufactures 1/</td><td>57,723</td><td>52,193</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><td>6,196</td><td>5,505</td><td>4,356</td><td>6,237</td></tr><tr><td>Tobacco and manufactures</td><td>22,634</td><td>22,558</td><td>2,146</td><td>1,869</td><td>1,993</td><td>1,569</td><td>1,828</td><td>2,002</td><td>1,552</td><td>1,969</td><td>1,810</td><td>1,924</td><td>1,973</td><td>1,847</td><td>1,834</td></tr><tr><td>Agricultural products and provisions</td><td>53,063</td><td>47,646</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><td>4,799</td><td>3,380</td><td>3,545</td><td>4,671</td></tr><tr><td>Spirits, wines and other beverages</td><td>37,122</td><td>31,005</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><td>4,042</td><td>2,333</td><td>1,999</td><td>2,254</td></tr><tr><td>Cotton manufactures</td><td>9,103</td><td>5,756</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><td>449</td><td>407</td><td>406</td><td>385</td></tr><tr><td>Flax, hemp, jute and manufactures</td><td>10,471</td><td>9,379</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><td>616</td><td>866</td><td>894</td><td>818</td></tr><tr><td>Wool and manufactures</td><td>42,690</td><td>96,296</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><td>11,275</td><td>11,677</td><td>10,494</td><td>9,792</td></tr><tr><td>Silk manufactures</td><td>2,616</td><td>1,786</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><td>115</td><td>101</td><td>169</td><td>121</td></tr><tr><td>Manufactures of rayon and other synthetic textiles</td><td>2,461</td><td>992</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><td>75</td><td>101</td><td>39</td><td>29</td></tr><tr><td>Pulp, paper and books</td><td>1,720</td><td>1,089</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><td>87</td><td>83</td><td>83</td><td>98</td></tr><tr><td>Suordies</td><td>33,401</td><td>26,404</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><td>2,026</td><td>1,949</td><td>2,128</td><td>1,966</td></tr><tr><td>Miscellaneous 2/</td><td>273</td><td>305</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><td>18</td><td>15</td><td>19</td><td>25</td></tr><tr><td>Fres 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><td></td></tr><tr><td>Crude petroleum</td><td>5,142</td><td>6,043</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><td>446</td><td>545</td><td>602</td><td>535</td></tr><tr><td>Fuel oil, etc. 4/</td><td>2,243</td><td>3,588</td><td>226</td><td>206</td><td>347</td><td>395</td><td>470</td><td>275</td><td>285</td><td>483</td><td>243</td><td>198</td><td>211</td><td>199</td><td>218</td></tr><tr><td>Motor fuel and lubricating oil</td><td>35</td><td>66</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><td>1</td><td>27</td><td>1</td><td>125</td></tr><tr><td>Paraffin and other petroleum wax products</td><td>581</td><td>433</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><td>-</td><td>-</td><td>1</td><td>8</td></tr><tr><td>Seed oils</td><td>1,561</td><td>446</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><td>40</td><td>45</td><td>30</td><td>17</td></tr><tr><td>Oil seeds</td><td>362</td><td>209</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><td>15</td><td>17</td><td>13</td><td>16</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>1,036</td><td>17,002</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><td>1,154</td><td>1,217</td><td>700</td><td>1,543</td></tr><tr><td>Lumber of specified types</td><td>215</td><td>270</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><td>23</td><td>26</td><td>28</td><td>37</td></tr><tr><td>Red cedar shingles</td><td>-</td><td>81</td><td>-</td><td>-</td><td>32</td><td>38</td><td>11</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Coal and related products</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><td>-</td></tr><tr><td>Total free list</td><td>11,178</td><td>28,141</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><td>1,876</td><td>2,087</td><td>1,574</td><td>2,493</td></tr><tr><td>Total duties and taxes</td><td>340,006</td><td>385,306</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><td>40,104</td><td>37,072</td><td>32,785</td><td>36,223</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="8">1941</th></tr><tr><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Chemicals, oils and palate.</td><td>51,193</td><td>38,187</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><td>3,985</td><td>4,562</td><td>4,321</td><td>2,999</td></tr><tr><td>Earths, earthenware and glassware.</td><td>23,808</td><td>22,797</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><td>1,794</td><td>2,355</td><td>2,301</td><td>2,285</td></tr><tr><td>Metals and manufactures.</td><td>93,374</td><td>122,262</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><td>13,328</td><td>12,072</td><td>8,984</td><td>11,821</td></tr><tr><td>Wood and manufactures.</td><td>17,266</td><td>22,615</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><td>2,487</td><td>3,074</td><td>3,495</td><td>4,660</td></tr><tr><td>Sugar, molasses and manufactures 1/.</td><td>110,543</td><td>111,991</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><td>14,447</td><td>13,310</td><td>10,658</td><td>11,505</td></tr><tr><td>Tobacco and manufactures.</td><td>36,166</td><td>37,304</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><td>3,304</td><td>3,235</td><td>3,114</td><td>2,993</td></tr><tr><td>Agricultural products and provisions.</td><td>169,932</td><td>142,240</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><td>14,867</td><td>12,334</td><td>12,381</td><td>16,758</td></tr><tr><td>Spirits, wines and other beverages.</td><td>62,523</td><td>50,095</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><td>6,535</td><td>3,699</td><td>3,281</td><td>3,633</td></tr><tr><td>Cotton manufactures.</td><td>25,408</td><td>16,749</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><td>1,338</td><td>1,157</td><td>1,202</td><td>1,153</td></tr><tr><td>Flax, hemp, jute and manufactures.</td><td>62,117</td><td>61,599</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><td>4,087</td><td>6,197</td><td>6,842</td><td>6,425</td></tr><tr><td>Wool and manufactures.</td><td>64,351</td><td>142,713</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><td>16,875</td><td>17,909</td><td>15,895</td><td>14,242</td></tr><tr><td>Silk manufactures.</td><td>4,988</td><td>3,366</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><td>278</td><td>189</td><td>332</td><td>236</td></tr><tr><td>Manufactures of rayon and other synthetic textiles.</td><td>8,203</td><td>3,274</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><td>275</td><td>330</td><td>131</td><td>69</td></tr><tr><td>Pulp, paper and books.</td><td>9,572</td><td>6,850</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><td>580</td><td>590</td><td>625</td><td>636</td></tr><tr><td>Sundries.</td><td>127,265</td><td>112,459</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><td>10,210</td><td>10,009</td><td>11,139</td><td>11,165</td></tr><tr><td>Miscellaneous 2/.</td><td>275</td><td>367</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><td>14</td><td>18</td><td>12</td><td>68</td></tr><tr><td>Free list 3/.</td><td>52,724</td><td>116,390</td><td>8,209</td><td>8,837</td><td>10,713</td><td>9,636</td><td>10,027</td><td>7,062</td><td>8,582</td><td>14,326</td><td>16,042</td><td>1,628</td><td>8,746</td><td>7,844</td><td>10,486</td></tr><tr><td>Total value of dutiable and taxable imports.</td><td>919,709</td><td>1,011,262</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><td>102,031</td><td>99,787</td><td>92,757</td><td>100,731</td></tr></table>
Source: For values, reports of the Bureau of the Census; the figures for customs duties and taxes are computed on the basis of the quantity and value figures.
1/ Includes taxable sugar from the Philippine Islands.
2/ Comprises articles dutiable under paragraph 1615 and repairs on vessels dutiable under Section 466 of the Tariff Act of 1930; the taxable copper content of dutiable articles taxed under the Revenue Act of 1932 and taxes on articles composed in chief value of manufactured sugar under the Sugar Act of 1937, which cannot be allocated to appropriate schedules. Taxes collected on other dutiable commodities under the revenue acts and the Sugar Ant 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.
54
Custom Duties and Taxes Collected, Estimated by Countries from which Imports Originated
(In thousands of dollars)
<table><tr><th>Country from which imports originated</th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="10">1941</th></tr><tr><th></th><th>1940</th><th>1941</th><th>Aug.</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>8,579</td><td>1,540</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><td>41</td><td>69</td><td>186</td><td>56</td></tr><tr><td>Czechoslovakia</td><td>186</td><td>66</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><td>3</td><td>1</td><td>1</td><td>1</td></tr><tr><td>France</td><td>19,124</td><td>4,461</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>165</td><td>176</td><td>130</td><td>70</td><td>82</td></tr><tr><td>Germany</td><td>5,068</td><td>1,723</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><td>131</td><td>182</td><td>98</td><td>32</td></tr><tr><td>Greece</td><td>7,522</td><td>6,643</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><td>496</td><td>490</td><td>417</td><td>429</td></tr><tr><td>Italy</td><td>12,748</td><td>1,894</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><td>71</td><td>64</td><td>54</td><td>65</td></tr><tr><td>Netherlands</td><td>3,627</td><td>141</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><td>6</td><td>3</td><td>6</td><td>5</td></tr><tr><td>Norway</td><td>2,990</td><td>175</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><td>-</td><td>5</td><td>-</td><td>3</td></tr><tr><td>Poland</td><td>694</td><td>32</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><td>-</td><td>4</td><td>-</td><td>2</td></tr><tr><td>Spain</td><td>3,302</td><td>3,436</td><td>256</td><td>215</td><td>317</td><td>250</td><td>303</td><td>231</td><td>196</td><td>214</td><td>409</td><td>338</td><td>325</td><td>279</td><td>164</td></tr><tr><td>Sweden</td><td>1,925</td><td>763</td><td>140</td><td>28</td><td>8</td><td>48</td><td>26</td><td>40</td><td>84</td><td>38</td><td>169</td><td>60</td><td>68</td><td>61</td><td>113</td></tr><tr><td>Switzerland</td><td>11,846</td><td>11,877</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><td>1,258</td><td>1,158</td><td>1,081</td><td>766</td></tr><tr><td>U.S.S.R.</td><td>2,952</td><td>2,793</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><td>346</td><td>109</td><td>114</td><td>120</td></tr><tr><td>United Kingdom</td><td>44,021</td><td>40,063</td><td>2,516</td><td>2,609</td><td>3,272</td><td>3,693</td><td>4,227</td><td>2,599</td><td>2,529</td><td>3,476</td><td>4,087</td><td>4,526</td><td>3,242</td><td>3,119</td><td>3,706</td></tr><tr><td>Other Europe</td><td>6,125</td><td>4,652</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><td>391</td><td>326</td><td>441</td><td>376</td></tr><tr><td>Total Europe</td><td>130,709</td><td>80,256</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><td>7,848</td><td>6,176</td><td>5,928</td><td>5,919</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>20,284</td><td>27,071</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><td>3,048</td><td>2,684</td><td>2,362</td><td>4,205</td></tr><tr><td>Cuba</td><td>60,590</td><td>55,137</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>8,010</td><td>6,436</td><td>5,339</td><td>3,941</td><td>4,318</td></tr><tr><td>Dominican Republic</td><td>1,291</td><td>1,880</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><td>38</td><td>412</td><td>405</td><td>576</td></tr><tr><td>Mexico</td><td>8,209</td><td>19,584</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><td>2,414</td><td>1,548</td><td>1,372</td><td>1,565</td></tr><tr><td>Netherlands West Indies</td><td>1,773</td><td>1,370</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><td>93</td><td>167</td><td>83</td><td>262</td></tr><tr><td>Other Countries</td><td>918</td><td>2,438</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><td>447</td><td>206</td><td>196</td><td>360</td></tr><tr><td>Total North and Central America</td><td>93,065</td><td>107,480</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><td>12,476</td><td>10,356</td><td>8,360</td><td>11,287</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>21,340</td><td>45,513</td><td>1,597</td><td>1,607</td><td>2,882</td><td>2,849</td><td>3,506</td><td>4,537</td><td>5,105</td><td>4,561</td><td>6,479</td><td>5,728</td><td>4,990</td><td>4,479</td><td>3,797</td></tr><tr><td>Brazil</td><td>3,087</td><td>5,686</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><td>654</td><td>384</td><td>552</td><td>611</td></tr><tr><td>Chile</td><td>1,386</td><td>12,554</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><td>490</td><td>663</td><td>326</td><td>440</td></tr><tr><td>Peru</td><td>3,920</td><td>6,646</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><td>491</td><td>553</td><td>835</td><td>2,292</td></tr><tr><td>Uruguay</td><td>8,135</td><td>21,162</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><td>2,030</td><td>1,751</td><td>1,873</td><td>1,308</td></tr><tr><td>Venezuela</td><td>4,458</td><td>5,188</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><td>403</td><td>466</td><td>385</td><td>345</td></tr><tr><td>Other Countries</td><td>1,458</td><td>3,192</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><td>307</td><td>280</td><td>386</td><td>290</td></tr><tr><td>Total South America</td><td>43,783</td><td>99,941</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><td>10,103</td><td>9,086</td><td>8,837</td><td>9,084</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>7,740</td><td>9,469</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><td>732</td><td>921</td><td>839</td><td>992</td></tr><tr><td>China</td><td>11,648</td><td>15,711</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><td>1,513</td><td>1,435</td><td>1,305</td><td>965</td></tr><tr><td>Japan</td><td>17,897</td><td>15,294</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><td>1,064</td><td>1,101</td><td>1,055</td><td>520</td></tr><tr><td>Turkey</td><td>8,508</td><td>8,667</td><td>816</td><td>691</td><td>729</td><td>593</td><td>827</td><td>93</td><td>545</td><td>711</td><td>672</td><td>655</td><td>776</td><td>682</td><td>702</td></tr><tr><td>Other Countries</td><td>8,103</td><td>9,496</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><td>828</td><td>801</td><td>805</td><td>775</td></tr><tr><td>Total Asia</td><td>53,895</td><td>58,636</td><td>5,018</td><td>4,784</td><td>5,532</td><td>5,404</td><td>5,605</td><td>4,511</td><td>4,299</td><td>4,569</td><td>4,652</td><td>4,794</td><td>5,035</td><td>4,686</td><td>3,954</td></tr><tr><td>Oceania</td><td>7,886</td><td>27,956</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><td>3,841</td><td>5,275</td><td>3,986</td><td>4,564</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>2,504</td><td>2,296</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><td>276</td><td>343</td><td>103</td><td>171</td></tr><tr><td>Gold Coast</td><td>1,502</td><td>1,404</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><td>89</td><td>142</td><td>101</td><td>123</td></tr><tr><td>Union of South Africa</td><td>5,702</td><td>5,423</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><td>566</td><td>487</td><td>639</td><td>864</td></tr><tr><td>Other Countries</td><td>959</td><td>1,912</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><td>110</td><td>173</td><td>145</td><td>257</td></tr><tr><td>Total Africa</td><td>10,666</td><td>11,036</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><td>1,041</td><td>1,145</td><td>938</td><td>1,415</td></tr><tr><td>Grand Total</td><td>340,006</td><td>385,306</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><td>40,104</td><td>37,072</td><td>32,785</td><td>36,223</td></tr></table>
Source: Computed on the basis of quantiles and values of imports as shown in reports of the Bureau of the Census.
55
Commodities Imported Under Quota Provisions
Table 1.- Products of Philippine Islands
<table><tr><th>Commodity</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Imports through Nov. 1, 1941</th></tr><tr><td>Buttons of pearl or shell</td><td>Calendar year</td><td>Gross</td><td>807,500</td><td>609,050</td></tr><tr><td>Coconut oil</td><td>Calendar year</td><td>Pound</td><td>425,600,000</td><td>331,912,959</td></tr><tr><td>Cordage</td><td>May 1 to Dec. 31, 1941</td><td>Pound</td><td>4,000,000</td><td>3,115,224</td></tr><tr><td>Sugars:</td><td></td><td></td><td></td><td></td></tr><tr><td>Refined</td><td>Calendar year</td><td>Pound</td><td>112,000,000 1/</td><td>99,134,751</td></tr><tr><td>Other than refined</td><td>Calendar year</td><td>Pound</td><td>1,792,000,000 1/</td><td>1,522,517,534</td></tr><tr><td>Tobacco:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cigars</td><td>Calendar year</td><td>Number</td><td>190,000,000</td><td>152,651,490</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>3,657,708 r</td></tr></table>
Source: Reports of Collector of Customs. 
r Revised. 
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.
Table 2.- Imports of Cotton and Cotton Waste
Quote period: Year beginning September 20, 1941
(In pounds)
<table><tr><th rowspan="2">Country</th><th colspan="4">Cotton 1/</th><th colspan="4">Cotton waste 2/</th></tr><tr><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">Restricted cotton waste (included in total) 3/</th></tr><tr><th></th><th>Established quota</th><th>Imports through Nov. 1, 1941</th><th>Established quota</th><th>Imports through Nov. 1, 1941</th><th>Established quota</th><th>Imports through Nov. 1, 1941</th><th>Established quota</th><th>Imports through Nov. 1, 1941</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>-</td><td>-</td><td>-</td><td>-</td><td>38,559</td><td>-</td><td>12,853</td><td>-</td></tr><tr><td>France</td><td>-</td><td>-</td><td>-</td><td>-</td><td>227,420</td><td>-</td><td>75,807</td><td>-</td></tr><tr><td>Germany</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76,329</td><td>-</td><td>25,443</td><td>-</td></tr><tr><td>Italy</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21,263</td><td>-</td><td>7,088</td><td>-</td></tr><tr><td>Netherlands</td><td>-</td><td>-</td><td>-</td><td>-</td><td>68,240</td><td>-</td><td>22,747</td><td>-</td></tr><tr><td>Switzerland</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44,388</td><td>-</td><td>14,796</td><td>-</td></tr><tr><td>Union of Soviet Socialist Republics</td><td>475,124</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4,323,457</td><td>-</td><td>1,441,152</td><td>-</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Barbados</td><td>-</td><td>-</td><td>12,554</td><td>-</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>231,607</td><td>-</td><td>-</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6,544</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Haiti</td><td>237</td><td>-</td><td>506</td><td>-</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>8,883,259</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other British West Indies 4/</td><td>21,321</td><td>-</td><td>30,139</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>5,203</td><td>1</td><td>435</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Brasil</td><td>618,723</td><td>618,723</td><td>3,808</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Colombia</td><td>124</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ecuador</td><td>9,333</td><td>9,264</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>247,952</td><td>2,056,299</td><td>2,056,299</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>British India</td><td>2,003,483</td><td>-</td><td>64,942</td><td>-</td><td>69,627</td><td>12,207</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>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>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 West Africa</td><td>2,240</td><td>-</td><td>29,909</td><td>30</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>4,522,891</td><td>8,135</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nigeria</td><td>5,377</td><td>30</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>9,759,229</td><td>45,656,420</td><td>6,579,222</td><td>5,482,509</td><td>243,814</td><td>1,599,886</td><td>-</td></tr></table>
Sources: Reports of Collectors of Cuetosas.
1/ Cotton having a staple of less than 1-11/16 inches (other than harsh or rough cotton of less than 3/4 inch in staple length and chiefly used in the manufacture of blankets and blanketting, and other than listers).
2/ Cotton waste includes comber, lap, elliver, roving, and cotton card stripe, 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 quota for cotton waste may be filled by cotton waste other than card stripe 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.
56
Commodities Imported under Quota Provisions - (Continued)
Table 3.- Imports of Wheat and Wheat Products
Quote period: Year beginning May 29, 1941
<table><tr><th>Country</th><th colspan="2">Wheat (bushels)</th><th colspan="2">Wheat flour 1/ (pounds)</th></tr><tr><th></th><th>Established Quota</th><th>Imports through Nov. 1, 1941</th><th>Established Quota</th><th>Imports through Nov. 1, 1941</th></tr><tr><td>Europe:</td><td></td><td></td><td></td><td></td></tr><tr><td>Belgium</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>France</td><td>1,000</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Germany</td><td>100</td><td>-</td><td>5,000</td><td>-</td></tr><tr><td>Greece</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Hungary</td><td>-</td><td>-</td><td>13,000</td><td>-</td></tr><tr><td>Italy</td><td>100</td><td>-</td><td>2,000</td><td>-</td></tr><tr><td>Netherlands</td><td>100</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Norway</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Poland and Danzig</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Rumania</td><td>1,000</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sweden</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Uninn of Soviet Socialist Republics</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>United Kingdom</td><td>100</td><td>-</td><td>75,000</td><td>-</td></tr><tr><td>Yugoslavia</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>North and Central America:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canada</td><td>795,000</td><td>795,000</td><td>3,815,000</td><td>534,362</td></tr><tr><td>Cuba</td><td>-</td><td>-</td><td>12,000</td><td>97</td></tr><tr><td>Guatemala</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico</td><td>100</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Panama</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>South America:</td><td></td><td></td><td></td><td></td></tr><tr><td>Argentina</td><td>2,000</td><td>-</td><td>14,000</td><td>-</td></tr><tr><td>Brazil</td><td>100</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Chile</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Uruguay</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Asia:</td><td></td><td></td><td></td><td></td></tr><tr><td>China</td><td>-</td><td>-</td><td>24,000</td><td>6,536</td></tr><tr><td>Hong Kong</td><td>-</td><td>-</td><td>13,000</td><td>7,125</td></tr><tr><td>Japan</td><td>-</td><td>-</td><td>8,000</td><td>-</td></tr><tr><td>Syria</td><td>100</td><td>-</td><td>5,000</td><td>-</td></tr><tr><td>Oceania:</td><td></td><td></td><td></td><td></td></tr><tr><td>Australia</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>New Zealand</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Africa:</td><td></td><td></td><td></td><td></td></tr><tr><td>Canary Islands</td><td>-</td><td>-</td><td>1,000</td><td>-</td></tr><tr><td>Total</td><td>800,000</td><td>795,000</td><td>4,000,000</td><td>548,120</td></tr></table>
Source: Reports of Collectors of Customs. 1/ Includes semolina, crushed and cracked wheat, and similar wheat products.
57
Commodities Imported under Quota Provisions - (Continued)
Table 4.- Other Commodities - with Quotas Applicable to Specific Countries
<table><tr><th>Country</th><th colspan="2">Cattle 1/(head)</th><th>Coffee 2/(pounds)</th><th colspan="2">Foxes and furs 3/(number)</th><th colspan="2">Petroleum 4/(gallons)</th><th colspan="2">Tobacco 5/(pound)</th></tr><tr><th></th><th>Established quota for quarter beginning Oct. 1, 1941</th><th>Imports through Nov. 1, 1941</th><th></th><th>Established quota for year beginning Dec. 1, 1940</th><th>Imports through Nov. 1, 1941</th><th>Established quota for calendar year 1941</th><th>Imports through Nov. 1, 1941</th><th>Established quota for calendar year 1941</th><th>Imports through Nov. 1, 1941</th></tr><tr><td>Netherlands and Netherlands Indies......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>578,806,200</td><td>578,806,200</td><td>-</td><td>-</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>Canada......</td><td>51,720</td><td>24,135</td><td></td><td>70,000</td><td>70,000</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Costa Rica......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Cuba......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>22,000,000</td><td>17,531,353</td></tr><tr><td>Dominican Republic......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>El Salvador......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Guatemala......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Haiti......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Honduras......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Mexico......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Nicaragua......</td><td>-</td><td>-</td><td></td><td>-</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>Brazil......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>86,956,800</td><td>84,548,835</td><td>-</td><td>-</td></tr><tr><td>Colombia......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Ecuador......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Peru......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>1,913,049,600</td><td>1,602,497,910</td><td>-</td><td>-</td></tr><tr><td>Venezuela......</td><td>-</td><td>-</td><td></td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Other Countries......</td><td>6,212</td><td>6,212</td><td></td><td>30,000</td><td>30,000</td><td>138,537,400</td><td>138,587,400</td><td>-</td><td>-</td></tr><tr><td>Total......</td><td>57,932</td><td>30,347</td><td></td><td>100,000</td><td>100,000</td><td>2,717,400,000</td><td>2,404,440,345</td><td>22,000,000</td><td>17,531,353</td></tr></table>
Source: Reports of Collectors of Customs.
1/ Cattle weighing 700 pounds or more each, other than dairy cove.
2/ The figures for coffee are not available because of revisions which are in process.
3/ Silver or black foxes valued under $250 each and whole furs and skins, with or without paws, tails, or heads.
4/ Crude petroleum, topped crude petroleum and fuel oil.
5/ Cuban filler, unstemmed or stemmed (other than cigarette leaf tobacco), and scrap tobacco.
Table 5.- Other Commodities - with Quotes Applicable to all Countries Combined
<table><tr><th>Commodity</th><th>Quota period</th><th>Unit of quantity</th><th>Established quota</th><th>Imports through Nov. 1, 1941</th></tr><tr><td>Cattle weighing under 200 pounds each.</td><td>Calendar year</td><td>Head</td><td>100,000</td><td>99,585</td></tr><tr><td>Dairy products:</td><td></td><td></td><td></td><td></td></tr><tr><td>Cream, fresh or sour.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>1,209</td></tr><tr><td>Whole milk, fresh or sour.</td><td>Calendar year</td><td>Callon</td><td>3,300,000</td><td>5,393</td></tr><tr><td>Fish, fresh or frozen, filleted, etc., cod, haddock, hake, pollock, cusk and rosefich.</td><td>Calendar year</td><td>Pound</td><td>15,000,000</td><td>8,275,730</td></tr><tr><td>Foxes, silver or black:</td><td></td><td></td><td></td><td></td></tr><tr><td>Tails.</td><td>Year beginning Dec. 1, 1940</td><td>Piece</td><td>5,000</td><td>5,000</td></tr><tr><td>Paws, heads or other separated parts.</td><td>Year beginning Dec. 1, 1940</td><td>Pound</td><td>500</td><td>500</td></tr><tr><td>Piece plates.</td><td>Year beginning Dec. 1, 1940</td><td>Pound</td><td>550</td><td>364</td></tr><tr><td>Articles other than piece plates.</td><td>Year beginning Dec. 1, 1940</td><td>Unit</td><td>500</td><td>51</td></tr><tr><td>Molasses and sugar syrups, containing soluble non-sugar solids equal to more than 6% of total soluble solids.</td><td>Calendar year</td><td>Gallon</td><td>1,500,000</td><td>1,500,000</td></tr><tr><td>Potatoes, white or Irish:</td><td></td><td></td><td></td><td></td></tr><tr><td>Certified seed.</td><td>Year beginning Sept. 15, 1941</td><td>Pound</td><td>90,000,000</td><td>272,215</td></tr><tr><td>Other.</td><td>Year beginning Sept. 15, 1941</td><td>Pound</td><td>60,000,000</td><td>150,627</td></tr><tr><td>Shinglee, red cedar.</td><td>Calendar year</td><td>Square</td><td>2,488,359</td><td>2,488,359</td></tr></table>
Source: Reports of Collectors of Customs.
CAPITAL MOVEMENTS BETWEEN THE UNITED STATES AND FOREIGN COUNTRIES
— 58 —
59
Net Capital Movement between the United States and Foreign Countries 1935 through August 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>Netherlands</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Aeia</th><th>All other</th></tr><tr><td><b>NET CAPITAL MOVEMENT:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2. 1935-Jan. 1. 1936</td><td>1,412,486</td><td>554,935</td><td>210,240</td><td>36,599</td><td>23,988</td><td>114,493</td><td>130,379</td><td>129,964</td><td>1,200,598</td><td>7</td><td>70,907</td><td>128,303</td><td>12,671</td></tr><tr><td>Jan. 1. 1936-Dec. 30. 1936</td><td>1,195,922</td><td>274,401</td><td>89,296</td><td>46,527</td><td>21,619</td><td>115,191</td><td>205,166</td><td>98,514</td><td>850,714</td><td>150,457</td><td>130,304</td><td>55,717</td><td>8,730</td></tr><tr><td>Dec. 30. 1936-Dec. 29. 1937</td><td>801,915</td><td>164,382</td><td>-17,836</td><td>40,766</td><td>-23,478</td><td>82,216</td><td>271,914</td><td>83,763</td><td>601,727</td><td>-44,213</td><td>209,367</td><td>40,581</td><td>-5,507</td></tr><tr><td>Dec. 29. 1937-Dec. 28. 1938</td><td>415,256</td><td>192,335</td><td>57,812</td><td>16,825</td><td>10,873</td><td>12,695</td><td>-53,466</td><td>151,581</td><td>388,655</td><td>50,901</td><td>-21,075</td><td>-21,389</td><td>18,164</td></tr><tr><td>Dec. 28. 1938-Jan. 3. 1940</td><td>1,195,635</td><td>-84,802</td><td>129,209</td><td>25,193</td><td>25,031</td><td>145,672</td><td>218,960</td><td>289,125</td><td>748,388</td><td>72,260</td><td>93,881</td><td>227,812</td><td>53,294</td></tr><tr><td>Jan. 3. 1940-Dec. 31. 1940</td><td>705,380</td><td>-236,061</td><td>201,579</td><td>9,980</td><td>-2,650</td><td>-14,657</td><td>138,557</td><td>169,801</td><td>266,549</td><td>182,259</td><td>123,395</td><td>131,296</td><td>2,881</td></tr><tr><td>Dec. 31. 1940-Sept. 3. 1941</td><td>-249,320</td><td>-228,295</td><td>-7,489</td><td>3,105</td><td>-5,444</td><td>-2,875</td><td>-36,192</td><td>-41,040</td><td>-318,230</td><td>3,740</td><td>23,528</td><td>1,325</td><td>40,317</td></tr><tr><td>Total</td><td>5,478,274</td><td>636,895</td><td>662,811</td><td>178,995</td><td>49,939</td><td>452,735</td><td>875,318</td><td>881,708</td><td>3,738,401</td><td>415,411</td><td>630,307</td><td>563,605</td><td>130,590</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-Aug. 6</td><td>49,231</td><td>81,743</td><td>-1,480</td><td>361</td><td>54</td><td>-1,796</td><td>-2,875</td><td>-1,075</td><td>74,932</td><td>-6,885</td><td>-10,618</td><td>-8,314</td><td>145</td></tr><tr><td>Aug. 13</td><td>-20,265</td><td>-16,914</td><td>-2,299</td><td>-518</td><td>3,440</td><td>715</td><td>-1,913</td><td>5,180</td><td>-12,309</td><td>-7,913</td><td>4,752</td><td>-4,761</td><td>-33</td></tr><tr><td>Aug. 20</td><td>-14,632</td><td>-21,240</td><td>-145</td><td>162</td><td>68</td><td>-2,278</td><td>2,114</td><td>7,801</td><td>-13,518</td><td>5,160</td><td>-7,275</td><td>-8,996</td><td>9,797</td></tr><tr><td>Aug. 27</td><td>-54,053</td><td>-28,050</td><td>-2,340</td><td>462</td><td>-281</td><td>-469</td><td>2,084</td><td>-9,565</td><td>-38,159</td><td>-3,336</td><td>2,933</td><td>-13,837</td><td>-1,654</td></tr><tr><td>Sept. 3</td><td>11,118</td><td>-28,694</td><td>-378</td><td>1</td><td>50</td><td>-444</td><td>1,212</td><td>-2,905</td><td>-31,158</td><td>21,271</td><td>-428</td><td>20,177</td><td>1,256</td></tr><tr><td>Total</td><td>-28,601</td><td>-13,155</td><td>-6,642</td><td>468</td><td>3,331</td><td>-4,272</td><td>622</td><td>-564</td><td>-20,212</td><td>8,497</td><td>-10,637</td><td>-15,761</td><td>9,512</td></tr><tr><td><b>MOVEMENT IN SHORT-TERM BANKING FUNDS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2. 1935-Jan. 1. 1936</td><td>964,629</td><td>337,385</td><td>177,610</td><td>28,829</td><td>21,011</td><td>55,362</td><td>73,990</td><td>69,476</td><td>763,663</td><td>41,394</td><td>53,554</td><td>96,140</td><td>9,878</td></tr><tr><td>Jan. 1. 1936-Dec. 30. 1936</td><td>397,342</td><td>4,166</td><td>28,599</td><td>39,892</td><td>18,254</td><td>7,229</td><td>38,550</td><td>32,192</td><td>168,882</td><td>82,251</td><td>120,672</td><td>24,609</td><td>928</td></tr><tr><td>Dec. 30. 1936-Dec. 29. 1937</td><td>255,594</td><td>55,151</td><td>-29,162</td><td>46,003</td><td>-25,896</td><td>9,283</td><td>178,423</td><td>34,625</td><td>268,427</td><td>-69,087</td><td>43,678</td><td>24,083</td><td>-11,507</td></tr><tr><td>Dec. 29. 1937-Dec. 28. 1938</td><td>331,268</td><td>174,438</td><td>47,232</td><td>15,796</td><td>4,356</td><td>5,661</td><td>-84,633</td><td>99,761</td><td>262,611</td><td>111,078</td><td>-17,201</td><td>-39,105</td><td>13,885</td></tr><tr><td>Dec. 28. 1938-Jan. 3. 1940</td><td>1,132,383</td><td>57,159</td><td>105,637</td><td>27,147</td><td>17,457</td><td>126,308</td><td>159,219</td><td>262,405</td><td>755,332</td><td>65,382</td><td>66,996</td><td>198,142</td><td>46,531</td></tr><tr><td>Jan. 3. 1940-Dec. 31. 1940</td><td>852,928</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>181,828</td><td>3,717</td></tr><tr><td>Dec. 31. 1940-Sept. 3. 1941</td><td>-15,313</td><td>-6,757</td><td>-15,652</td><td>4,386</td><td>-319</td><td>-7,446</td><td>-10,652</td><td>-45,614</td><td>-82,054</td><td>10,349</td><td>20,168</td><td>-7,873</td><td>41,097</td></tr><tr><td>Total</td><td>3,918,831</td><td>555,755</td><td>516,915</td><td>173,087</td><td>24,060</td><td>170,592</td><td>490,611</td><td>607,927</td><td>2,538,947</td><td>404,765</td><td>389,766</td><td>477,824</td><td>107,529</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-Aug. 6</td><td>47,928</td><td>83,035</td><td>-1,645</td><td>371</td><td>28</td><td>-2,099</td><td>-3,074</td><td>-987</td><td>75,629</td><td>-8,049</td><td>-11,831</td><td>-7,485</td><td>-336</td></tr><tr><td>Aug. 13</td><td>-20,124</td><td>-15,520</td><td>-2,551</td><td>-517</td><td>3,411</td><td>538</td><td>-2,864</td><td>4,743</td><td>-12,760</td><td>-8,669</td><td>4,496</td><td>-3,404</td><td>203</td></tr><tr><td>Aug. 20</td><td>-12,743</td><td>-19,756</td><td>-390</td><td>162</td><td>76</td><td>-2,074</td><td>1,679</td><td>7,652</td><td>-12,651</td><td>3,663</td><td>-6,339</td><td>-7,133</td><td>9,717</td></tr><tr><td>Aug. 27</td><td>-52,561</td><td>-26,764</td><td>-2,424</td><td>470</td><td>-306</td><td>-597</td><td>485</td><td>-9,372</td><td>-38,508</td><td>-401</td><td>1,267</td><td>-13,266</td><td>-1,653</td></tr><tr><td>Sept. 3</td><td>11,458</td><td>-28,217</td><td>-413</td><td>1</td><td>44</td><td>-562</td><td>658</td><td>-3,059</td><td>-31,548</td><td>22,323</td><td>-700</td><td>20,113</td><td>1,270</td></tr><tr><td>Total</td><td>-26,042</td><td>-7,222</td><td>-7,423</td><td>487</td><td>3,253</td><td>-4,794</td><td>-3,116</td><td>-1,023</td><td>-19,838</td><td>8,877</td><td>-13,107</td><td>-11,175</td><td>9,201</td></tr><tr><td><b>MOVEMENT IN BROKERAGE BALANCES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2. 1935-Jan. 1. 1936</td><td>6,039</td><td>13</td><td>2,418</td><td>-152</td><td>123</td><td>1,265</td><td>2,455</td><td>1,431</td><td>7,553</td><td>-4,479</td><td>968</td><td>2,878</td><td>-881</td></tr><tr><td>Jan. 1. 1936-Dec. 30. 1936</td><td>6,811</td><td>4,016</td><td>7,977</td><td>-510</td><td>131</td><td>-2,195</td><td>6,656</td><td>-1,070</td><td>15,005</td><td>-3,086</td><td>-5,182</td><td>-788</td><td>862</td></tr><tr><td>Dec. 30. 1936-Dec. 29. 1937</td><td>34,687</td><td>7,494</td><td>1,123</td><td>669</td><td>-109</td><td>5,883</td><td>1,734</td><td>4,656</td><td>21,450</td><td>11,092</td><td>3,700</td><td>-1,569</td><td>14</td></tr><tr><td>Dec. 29. 1937-Dec. 28. 1938</td><td>34</td><td>1,722</td><td>1,060</td><td>-191</td><td>58</td><td>1,828</td><td>-2,014</td><td>277</td><td>2,740</td><td>-940</td><td>-434</td><td>-1,552</td><td>220</td></tr><tr><td>Dec. 28. 1938-Jan. 3. 1940</td><td>32,990</td><td>6,121</td><td>7,522</td><td>63</td><td>-69</td><td>2,533</td><td>8,933</td><td>-277</td><td>24,826</td><td>6,070</td><td>2,558</td><td>-2,321</td><td>1,857</td></tr><tr><td>Jan. 3. 1940-Dec. 31. 1940</td><td>20,358</td><td>-2,403</td><td>-202</td><td>-992</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>-1,482</td></tr><tr><td>Dec. 31. 1940-Sept. 3. 1941</td><td>272</td><td>-542</td><td>-332</td><td>6</td><td>1</td><td>1,627</td><td>-1,962</td><td>542</td><td>-660</td><td>2,916</td><td>-3,456</td><td>1,392</td><td>80</td></tr><tr><td>Total</td><td>101,191</td><td>16,421</td><td>19,566</td><td>-214</td><td>189</td><td>15,019</td><td>14,195</td><td>8,480</td><td>73,656</td><td>13,640</td><td>5,788</td><td>7,377</td><td>730</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-Aug. 6</td><td>-646</td><td>428</td><td>-31</td><td>-10</td><td>13</td><td>132</td><td>-346</td><td>-337</td><td>-151</td><td>-931</td><td>-161</td><td>141</td><td>456</td></tr><tr><td>Aug. 13</td><td>343</td><td>-80</td><td>85</td><td>-</td><td>20</td><td>202</td><td>-21</td><td>141</td><td>317</td><td>991</td><td>-385</td><td>-206</td><td>-404</td></tr><tr><td>Aug. 20</td><td>415</td><td>-16</td><td>4</td><td>-</td><td>-18</td><td>-201</td><td>215</td><td>-75</td><td>-99</td><td>1,592</td><td>-1,106</td><td>-16</td><td>44</td></tr><tr><td>Aug. 27</td><td>1,476</td><td>-27</td><td>-13</td><td>3</td><td>7</td><td>91</td><td>-43</td><td>-281</td><td>-263</td><td>-50</td><td>1,193</td><td>643</td><td>-47</td></tr><tr><td>Sept. 3</td><td>152</td><td>128</td><td>-29</td><td>3</td><td>-7</td><td>108</td><td>160</td><td>29</td><td>392</td><td>-65</td><td>-257</td><td>120</td><td>-38</td></tr><tr><td>Total</td><td>1,740</td><td>433</td><td>8</td><td>-4</td><td>15</td><td>332</td><td>-35</td><td>-523</td><td>226</td><td>1,537</td><td>-716</td><td>682</td><td>11</td></tr><tr><td><b>MOVEMENT IN TRANSACTIONS IN DOMESTIC SECURITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Jan. 2. 1935-Jan. 1. 1936</td><td>316,660</td><td>149,780</td><td>23,394</td><td>-5,353</td><td>-95</td><td>50,458</td><td>55,125</td><td>12,928</td><td>286,237</td><td>2,807</td><td>3,685</td><td>21,372</td><td>2,560</td></tr><tr><td>Jan. 1. 1936-Dec. 30. 1936</td><td>600,693</td><td>217,915</td><td>41,352</td><td>-2,102</td><td>-3,235</td><td>107,149</td><td>145,036</td><td>25,604</td><td>531,719</td><td>29,840</td><td>11,841</td><td>22,763</td><td>4,530</td></tr><tr><td>Dec. 30. 1936-Dec. 29. 1937</td><td>204,626</td><td>81,024</td><td>5,580</td><td>-9,965</td><td>-1,530</td><td>56,235</td><td>75,100</td><td>17,215</td><td>223,659</td><td>4,997</td><td>2,705</td><td>10,543</td><td>2,722</td></tr><tr><td>Dec. 29. 1937-Dec. 28. 1938</td><td>57,196</td><td>23,859</td><td>6,168</td><td>-5,262</td><td>-568</td><td>-900</td><td>26,487</td><td>856</td><td>50,650</td><td>-9,845</td><td>5,204</td><td>9,997</td><td>1,190</td></tr><tr><td>Dec. 28. 1938-Jan. 3. 1940</td><td>-85,427</td><td>-144,530</td><td>85</td><td>-5,532</td><td>500</td><td>14,805</td><td>42,919</td><td>3,843</td><td>-87,910</td><td>-30,423</td><td>6,680</td><td>22,956</td><td>3,260</td></tr><tr><td>Jan. 3. 1940-Dec. 31. 1940</td><td>-245,062</td><td>-170,931</td><td>-2,149</td><td>-858</td><td>7,648</td><td>5,406</td><td>3,417</td><td>4,405</td><td>-153,072</td><td>-15,806</td><td>-4,496</td><td>-70,058</td><td>-1,630</td></tr><tr><td>Dec. 31. 1940-Sept. 3. 1941</td><td>-272,158</td><td>-220,152</td><td>695</td><td>-1,294</td><td>-5,115</td><td>2,805</td><td>-22,066</td><td>404</td><td>-244,723</td><td>-21,607</td><td>-4,842</td><td>245</td><td>-1,231</td></tr><tr><td>Total</td><td>616,528</td><td>-63,025</td><td>75,125</td><td>-30,376</td><td>-2,395</td><td>235,958</td><td>326,018</td><td>65,255</td><td>606,
60
CUMULATIVE NET CAPITAL MOVEMENT BETWEEN U.S. AND FOREIGN COUNTRIES
Cumulative Weekly Since January 2, 1935
61
Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for August 1941
(In thousands of dollars)
<table><tr><th>Liabilities as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Denmark</th><th>Finland</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Norway</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th></tr><tr><td><b>TOTAL SHORT-TERM FOREIGN LIABILITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>3,811,719</td><td>448,897</td><td>478,023</td><td>123,171</td><td>18,247</td><td>5,655</td><td>6,309</td><td>14,498</td><td>169,354</td><td>42,926</td><td>235,978</td><td>498,966</td><td>177,362</td><td>2,219,386</td><td>417,005</td><td>410,836</td></tr><tr><td>Aug. 13.........</td><td>3,793,137</td><td>434,384</td><td>475,446</td><td>123,214</td><td>18,272</td><td>5,554</td><td>6,261</td><td>17,402</td><td>169,881</td><td>42,954</td><td>236,774</td><td>496,106</td><td>181,229</td><td>2,207,497</td><td>410,870</td><td>418,070</td></tr><tr><td>Aug. 20.........</td><td>3,782,449</td><td>414,576</td><td>475,050</td><td>122,618</td><td>18,127</td><td>5,896</td><td>6,296</td><td>17,398</td><td>167,817</td><td>42,945</td><td>238,162</td><td>497,700</td><td>187,705</td><td>2,194,290</td><td>414,968</td><td>414,968</td></tr><tr><td>Aug. 27.........</td><td>3,731,744</td><td>387,935</td><td>472,621</td><td>121,262</td><td>18,039</td><td>5,949</td><td>6,824</td><td>17,091</td><td>167,276</td><td>42,389</td><td>236,813</td><td>498,281</td><td>181,652</td><td>2,156,132</td><td>414,968</td><td>416,236</td></tr><tr><td>Sept. 3.........</td><td>3,739,430</td><td>359,115</td><td>472,215</td><td>121,226</td><td>18,034</td><td>6,051</td><td>6,840</td><td>17,130</td><td>166,707</td><td>42,215</td><td>236,632</td><td>498,956</td><td>178,846</td><td>2,123,967</td><td>416,236</td><td>436,236</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>3,791,533</td><td>440,198</td><td>477,512</td><td>122,650</td><td>18,241</td><td>5,648</td><td>6,286</td><td>14,403</td><td>168,117</td><td>42,923</td><td>235,714</td><td>498,157</td><td>176,728</td><td>2,206,573</td><td>416,608</td><td>410,538</td></tr><tr><td>Aug. 13.........</td><td>3,772,708</td><td>425,434</td><td>474,950</td><td>122,718</td><td>18,260</td><td>5,547</td><td>6,234</td><td>17,302</td><td>168,657</td><td>42,951</td><td>236,505</td><td>495,324</td><td>180,591</td><td>2,194,473</td><td>417,597</td><td>417,597</td></tr><tr><td>Aug. 20.........</td><td>3,761,459</td><td>405,155</td><td>474,565</td><td>122,099</td><td>18,121</td><td>5,389</td><td>6,251</td><td>17,298</td><td>166,629</td><td>42,942</td><td>237,874</td><td>497,030</td><td>187,034</td><td>2,180,887</td><td>417,597</td><td>417,597</td></tr><tr><td>Aug. 27.........</td><td>3,710,414</td><td>378,007</td><td>472,125</td><td>120,731</td><td>18,033</td><td>5,941</td><td>6,773</td><td>16,990</td><td>166,090</td><td>42,386</td><td>236,554</td><td>497,576</td><td>181,012</td><td>2,142,218</td><td>414,533</td><td>415,676</td></tr><tr><td>Sept. 3.........</td><td>3,717,009</td><td>347,622</td><td>471,748</td><td>120,701</td><td>18,029</td><td>6,044</td><td>6,784</td><td>17,025</td><td>165,524</td><td>42,212</td><td>236,345</td><td>498,297</td><td>178,203</td><td>2,108,534</td><td>415,676</td><td>435,676</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><td></td></tr><tr><td>Aug. 6.........</td><td>3,623,687</td><td>427,492</td><td>469,250</td><td>122,262</td><td>18,121</td><td>5,646</td><td>6,040</td><td>14,283</td><td>167,944</td><td>42,892</td><td>234,520</td><td>440,447</td><td>172,226</td><td>2,121,123</td><td>415,419</td><td>409,372</td></tr><tr><td>Aug. 13.........</td><td>3,592,206</td><td>415,921</td><td>466,539</td><td>122,316</td><td>18,136</td><td>5,545</td><td>5,926</td><td>17,185</td><td>168,483</td><td>42,921</td><td>235,754</td><td>427,581</td><td>176,043</td><td>2,101,950</td><td>409,372</td><td>416,516</td></tr><tr><td>Aug. 20.........</td><td>3,580,308</td><td>397,240</td><td>465,339</td><td>121,700</td><td>18,000</td><td>5,887</td><td>5,997</td><td>17,118</td><td>166,445</td><td>42,911</td><td>236,544</td><td>427,247</td><td>182,467</td><td>2,086,795</td><td>416,516</td><td>411,258</td></tr><tr><td>Aug. 27.........</td><td>3,526,437</td><td>369,052</td><td>462,892</td><td>120,347</td><td>17,909</td><td>5,939</td><td>6,505</td><td>16,821</td><td>165,903</td><td>42,356</td><td>234,835</td><td>428,370</td><td>176,558</td><td>2,047,527</td><td>411,258</td><td>431,724</td></tr><tr><td>Sept. 3.........</td><td>3,536,091</td><td>335,804</td><td>462,497</td><td>120,323</td><td>17,879</td><td>6,042</td><td>6,545</td><td>16,870</td><td>165,338</td><td>42,181</td><td>234,714</td><td>437,069</td><td>173,926</td><td>2,019,188</td><td>431,724</td><td>431,724</td></tr><tr><td>Bills held 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><td></td></tr><tr><td>Aug. 6.........</td><td>82,762</td><td>5,594</td><td>2,977</td><td>381</td><td>12</td><td>2</td><td>58</td><td>57</td><td>42</td><td>10</td><td>1,147</td><td>14,474</td><td>3,946</td><td>28,700</td><td>984</td><td>944</td></tr><tr><td>Aug. 13.........</td><td>88,213</td><td>5,778</td><td>3,124</td><td>396</td><td>17</td><td>2</td><td>120</td><td>57</td><td>44</td><td>10</td><td>1,148</td><td>14,608</td><td>3,999</td><td>29,303</td><td>944</td><td>876</td></tr><tr><td>Aug. 20.........</td><td>85,492</td><td>5,037</td><td>3,141</td><td>393</td><td>14</td><td>2</td><td>66</td><td>112</td><td>42</td><td>10</td><td>1,291</td><td>13,783</td><td>3,867</td><td>27,758</td><td>876</td><td>869</td></tr><tr><td>Aug. 27.........</td><td>85,938</td><td>5,433</td><td>3,144</td><td>378</td><td>17</td><td>2</td><td>66</td><td>110</td><td>44</td><td>10</td><td>1,116</td><td>13,209</td><td>3,594</td><td>27,723</td><td>869</td><td>869</td></tr><tr><td>Sept. 3.........</td><td>88,946</td><td>5,280</td><td>3,146</td><td>372</td><td>43</td><td>2</td><td>51</td><td>112</td><td>44</td><td>10</td><td>1,628</td><td>13,559</td><td>3,530</td><td>27,777</td><td>914</td><td>914</td></tr><tr><td>Short-term United States Government obligations held 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><td></td></tr><tr><td>Aug. 6.........</td><td>44,404</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>42,250</td><td>2</td><td>42,255</td><td>39</td><td>39</td></tr><tr><td>Aug. 13.........</td><td>54,704</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>52,150</td><td>2</td><td>52,155</td><td>39</td><td>39</td></tr><tr><td>Aug. 20.........</td><td>57,204</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>55,050</td><td>2</td><td>55,055</td><td>39</td><td>39</td></tr><tr><td>Aug. 27.........</td><td>57,209</td><td>5</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>55,050</td><td>2</td><td>55,060</td><td>39</td><td>39</td></tr><tr><td>Sept. 3.........</td><td>48,954</td><td>-</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>46,800</td><td>2</td><td>46,805</td><td>39</td><td>39</td></tr><tr><td>Other liabilities payable in dollars:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>40,680</td><td>7,112</td><td>5,282</td><td>7</td><td>108</td><td>-</td><td>188</td><td>63</td><td>131</td><td>21</td><td>47</td><td>982</td><td>554</td><td>14,495</td><td>166</td><td>181</td></tr><tr><td>Aug. 13.........</td><td>37,985</td><td>3,735</td><td>5,284</td><td>6</td><td>107</td><td>-</td><td>188</td><td>60</td><td>130</td><td>20</td><td>3</td><td>985</td><td>547</td><td>11,065</td><td>181</td><td>166</td></tr><tr><td>Aug. 20.........</td><td>38,455</td><td>2,878</td><td>6,082</td><td>6</td><td>107</td><td>-</td><td>188</td><td>68</td><td>142</td><td>21</td><td>39</td><td>950</td><td>798</td><td>11,279</td><td>166</td><td>166</td></tr><tr><td>Aug. 27.........</td><td>40,830</td><td>3,517</td><td>6,086</td><td>6</td><td>107</td><td>-</td><td>202</td><td>59</td><td>143</td><td>20</td><td>3</td><td>947</td><td>818</td><td>11,908</td><td>167</td><td>167</td></tr><tr><td>Sept. 3.........</td><td>43,018</td><td>6,538</td><td>6,102</td><td>6</td><td>107</td><td>-</td><td>188</td><td>43</td><td>142</td><td>21</td><td>3</td><td>869</td><td>745</td><td>14,764</td><td>199</td><td>199</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>20,186</td><td>8,699</td><td>511</td><td>521</td><td>6</td><td>7</td><td>23</td><td>95</td><td>1,237</td><td>3</td><td>264</td><td>813</td><td>634</td><td>12,813</td><td>197</td><td>298</td></tr><tr><td>Aug. 13.........</td><td>20,429</td><td>8,950</td><td>496</td><td>516</td><td>12</td><td>7</td><td>27</td><td>100</td><td>1,224</td><td>3</td><td>269</td><td>782</td><td>638</td><td>13,024</td><td>298</td><td>473</td></tr><tr><td>Aug. 20.........</td><td>20,990</td><td>9,421</td><td>485</td><td>519</td><td>6</td><td>7</td><td>45</td><td>100</td><td>1,188</td><td>3</td><td>288</td><td>670</td><td>671</td><td>11,403</td><td>473</td><td>475</td></tr><tr><td>Aug. 27.........</td><td>21,330</td><td>9,928</td><td>496</td><td>531</td><td>6</td><td>8</td><td>51</td><td>101</td><td>1,186</td><td>3</td><td>259</td><td>705</td><td>640</td><td>13,914</td><td>475</td><td>560</td></tr><tr><td>Sept. 3.........</td><td>22,421</td><td>11,493</td><td>467</td><td>525</td><td>5</td><td>7</td><td>56</td><td>105</td><td>1,183</td><td>3</td><td>287</td><td>659</td><td>643</td><td>15,433</td><td>560</td><td>560</td></tr><tr><td>Borrowings from foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>10,671</td><td>2,564</td><td>459</td><td>180</td><td>4</td><td>7</td><td>21</td><td>89</td><td>1,091</td><td>2</td><td>15</td><td>645</td><td>145</td><td>5,422</td><td>135</td><td>135</td></tr><tr><td>Aug. 13.........</td><td>10,365</td><td>2,216</td><td>444</td><td>381</td><td>4</td><td>7</td><td>25</td><td>94</td><td>1,080</td><td>2</td><td>20</td><td>584</td><td>144</td><td>5,001</td><td>94</td><td>94</td></tr><tr><td>Aug. 20.........</td><td>10,435</td><td>2,226</td><td>421</td><td>389</td><td>4</td><td>7</td><td>43</td><td>94</td><td>1,044</td><td>2</td><td>39</td><td>494</td><td>144</td><td>4,907</td><td>264</td><td>215</td></tr><tr><td>Aug. 27.........</td><td>10,726</td><td>2,543</td><td>443</td><td>390</td><td>4</td><td>8</td><td>49</td><td>95</td><td>1,042</td><td>2</td><td>10</td><td>496</td><td>146</td><td>5,228</td><td>215</td><td>343</td></tr><tr><td>Sept. 3.........</td><td>11,077</td><td>3,234</td><td>415</td><td>384</td><td>3</td><td>7</td><td>54</td><td>99</td><td>1,040</td><td>2</td><td>37</td><td>502</td><td>154</td><td>5,931</td><td>343</td><td>343</td></tr><tr><td>Acceptances made by foreign banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>2,836</td><td>2,633</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,783</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.........</td><td>3,044</td><td>2,861</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3,011</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.........</td><td>3,069</td><td>2,895</td><td>1</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>1</td><td>3,047</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.........</td><td>2,813</td><td>2,634</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,784</td><td>-</td><td>-</td></tr><tr><td>Sept. 3.........</td><td>2,942</td><td>2,753</td><td>-</td><td>36</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2,913</td><td>-</td><td>-</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><td></td></tr><tr><td>Aug. 6.........</td><td>6,679</td><td>3,502</td><td>52</td><td>105</td><td>2</td><td>-</td><td>2</td><td>6</td><td>32</td><td>1</td><td>249</td><td>168</td><td>489</td><td>4,6
(Continued on following page)
62
Short-Term Foreign Liabilities as Reported by Banks and Bankers in the United States for August 1941 - (Continued)
(in thousands of dollars)
<table><tr><th>Liabilities as of following date:</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><b>TOTAL SHORT-TERM FOREIGN LIABILITIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>109,213</td><td>45,485</td><td>27,700</td><td>66,141</td><td>42,499</td><td>52,170</td><td>120,848</td><td>464,056</td><td>158,740</td><td>103,310</td><td>75,206</td><td>41,692</td><td>219,093</td><td>599,041</td><td>112,231</td></tr><tr><td>Aug. 13.</td><td>110,136</td><td>47,551</td><td>27,314</td><td>69,115</td><td>42,429</td><td>51,585</td><td>122,328</td><td>470,458</td><td>162,073</td><td>96,894</td><td>78,105</td><td>41,619</td><td>213,837</td><td>592,528</td><td>111,813</td></tr><tr><td>Aug. 20.</td><td>105,641</td><td>48,773</td><td>27,755</td><td>68,295</td><td>41,286</td><td>49,943</td><td>120,450</td><td>462,183</td><td>165,318</td><td>90,668</td><td>77,939</td><td>41,877</td><td>210,429</td><td>586,231</td><td>121,675</td></tr><tr><td>Aug. 27.</td><td>106,079</td><td>50,108</td><td>27,099</td><td>70,534</td><td>41,897</td><td>52,242</td><td>117,942</td><td>465,901</td><td>162,264</td><td>87,999</td><td>77,412</td><td>40,424</td><td>206,148</td><td>574,247</td><td>120,496</td></tr><tr><td>Sept. 3.</td><td>104,917</td><td>47,259</td><td>27,679</td><td>73,320</td><td>41,998</td><td>52,869</td><td>118,575</td><td>466,617</td><td>161,741</td><td>86,585</td><td>76,812</td><td>39,843</td><td>226,266</td><td>591,247</td><td>121,363</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>109,102</td><td>45,421</td><td>27,700</td><td>66,134</td><td>42,264</td><td>52,156</td><td>120,538</td><td>463,315</td><td>158,231</td><td>100,477</td><td>74,181</td><td>41,618</td><td>219,035</td><td>593,543</td><td>111,494</td></tr><tr><td>Aug. 13.</td><td>110,106</td><td>47,544</td><td>27,314</td><td>69,115</td><td>42,176</td><td>51,571</td><td>122,017</td><td>469,843</td><td>161,544</td><td>93,984</td><td>75,921</td><td>41,560</td><td>213,790</td><td>586,799</td><td>111,055</td></tr><tr><td>Aug. 20.</td><td>105,628</td><td>48,764</td><td>27,795</td><td>68,295</td><td>41,017</td><td>49,929</td><td>120,139</td><td>461,557</td><td>164,747</td><td>87,679</td><td>75,994</td><td>41,849</td><td>210,369</td><td>580,538</td><td>120,770</td></tr><tr><td>Aug. 27.</td><td>106,065</td><td>50,096</td><td>27,099</td><td>70,524</td><td>41,635</td><td>52,228</td><td>117,669</td><td>465,316</td><td>161,606</td><td>84,823</td><td>75,520</td><td>40,384</td><td>206,091</td><td>568,424</td><td>119,923</td></tr><tr><td>Sept. 3.</td><td>104,884</td><td>47,250</td><td>27,679</td><td>73,320</td><td>41,742</td><td>52,855</td><td>118,300</td><td>466,030</td><td>161,151</td><td>83,802</td><td>75,021</td><td>39,768</td><td>226,200</td><td>585,942</td><td>120,827</td></tr><tr><td><b>Deposits for foreign accounts:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>107,440</td><td>39,174</td><td>26,054</td><td>64,663</td><td>41,753</td><td>52,112</td><td>116,721</td><td>447,917</td><td>140,887</td><td>94,198</td><td>52,136</td><td>36,599</td><td>207,634</td><td>531,454</td><td>107,774</td></tr><tr><td>Aug. 13.</td><td>108,371</td><td>41,109</td><td>25,728</td><td>67,927</td><td>41,641</td><td>51,484</td><td>118,332</td><td>454,592</td><td>143,561</td><td>87,772</td><td>48,764</td><td>36,408</td><td>202,661</td><td>519,166</td><td>107,126</td></tr><tr><td>Aug. 20.</td><td>107,862</td><td>42,892</td><td>26,305</td><td>67,366</td><td>40,579</td><td>49,345</td><td>116,441</td><td>447,290</td><td>147,075</td><td>81,393</td><td>49,012</td><td>36,788</td><td>198,963</td><td>513,231</td><td>116,476</td></tr><tr><td>Aug. 27.</td><td>103,645</td><td>43,513</td><td>25,603</td><td>68,903</td><td>41,178</td><td>52,138</td><td>113,406</td><td>448,386</td><td>144,136</td><td>78,395</td><td>48,787</td><td>35,519</td><td>194,665</td><td>501,502</td><td>119,764</td></tr><tr><td>Sept. 3.</td><td>103,458</td><td>40,839</td><td>26,301</td><td>71,322</td><td>41,223</td><td>52,771</td><td>111,737</td><td>450,651</td><td>142,747</td><td>77,642</td><td>49,016</td><td>34,055</td><td>212,303</td><td>515,763</td><td>116,765</td></tr><tr><td><b>Bills held for foreign accounts:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>1,521</td><td>5,881</td><td>1,598</td><td>1,454</td><td>471</td><td>6</td><td>3,109</td><td>14,040</td><td>3,892</td><td>893</td><td>21,719</td><td>3,341</td><td>5,986</td><td>35,831</td><td>3,207</td></tr><tr><td>Aug. 13.</td><td>1,595</td><td>6,010</td><td>1,538</td><td>1,169</td><td>497</td><td>50</td><td>2,969</td><td>13,828</td><td>4,462</td><td>939</td><td>26,821</td><td>3,477</td><td>5,213</td><td>40,912</td><td>3,226</td></tr><tr><td>Aug. 20.</td><td>1,625</td><td>5,448</td><td>1,444</td><td>912</td><td>402</td><td>47</td><td>2,980</td><td>12,858</td><td>4,260</td><td>879</td><td>26,653</td><td>3,382</td><td>5,147</td><td>40,321</td><td>3,679</td></tr><tr><td>Aug. 27.</td><td>1,279</td><td>6,170</td><td>1,450</td><td>1,602</td><td>419</td><td>53</td><td>3,057</td><td>14,030</td><td>4,031</td><td>1,013</td><td>26,403</td><td>3,180</td><td>5,179</td><td>39,806</td><td>3,510</td></tr><tr><td>Sept. 3.</td><td>1,312</td><td>5,994</td><td>1,332</td><td>1,979</td><td>482</td><td>46</td><td>2,844</td><td>13,989</td><td>3,917</td><td>1,090</td><td>25,914</td><td>4,031</td><td>7,896</td><td>42,848</td><td>3,418</td></tr><tr><td><b>Short-term United States Government obligations held for foreign account:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,110</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>2,110</td><td>-</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,110</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>2,110</td><td>-</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,110</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>2,110</td><td>-</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,110</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>2,110</td><td>-</td></tr><tr><td>Sept. 3.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,110</td><td>1,000</td><td>-</td><td>-</td><td>-</td><td>2,110</td><td>-</td></tr><tr><td><b>Other liabilities payable in dollars:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>141</td><td>366</td><td>48</td><td>17</td><td>40</td><td>38</td><td>708</td><td>1,358</td><td>12,342</td><td>4,386</td><td>326</td><td>1,678</td><td>5,416</td><td>24,148</td><td>513</td></tr><tr><td>Aug. 13.</td><td>140</td><td>425</td><td>48</td><td>19</td><td>38</td><td>37</td><td>716</td><td>1,423</td><td>12,411</td><td>4,273</td><td>336</td><td>1,675</td><td>5,916</td><td>24,611</td><td>703</td></tr><tr><td>Aug. 20.</td><td>141</td><td>424</td><td>46</td><td>17</td><td>36</td><td>37</td><td>718</td><td>1,419</td><td>12,302</td><td>4,407</td><td>329</td><td>1,679</td><td>6,259</td><td>24,976</td><td>615</td></tr><tr><td>Aug. 27.</td><td>1,141</td><td>413</td><td>46</td><td>19</td><td>38</td><td>37</td><td>1,206</td><td>2,900</td><td>12,329</td><td>4,415</td><td>330</td><td>1,685</td><td>6,247</td><td>25,006</td><td>649</td></tr><tr><td>Sept. 3.</td><td>114</td><td>417</td><td>46</td><td>19</td><td>37</td><td>38</td><td>719</td><td>1,390</td><td>13,377</td><td>4,070</td><td>91</td><td>1,682</td><td>6,001</td><td>25,221</td><td>644</td></tr><tr><td><b>TOTAL LIABILITIES PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>111</td><td>64</td><td>-</td><td>7</td><td>235</td><td>14</td><td>310</td><td>741</td><td>509</td><td>2,833</td><td>2,025</td><td>74</td><td>57</td><td>5,498</td><td>737</td></tr><tr><td>Aug. 13.</td><td>30</td><td>7</td><td>-</td><td>-</td><td>253</td><td>14</td><td>311</td><td>615</td><td>529</td><td>2,910</td><td>2,184</td><td>59</td><td>47</td><td>5,729</td><td>763</td></tr><tr><td>Aug. 20.</td><td>13</td><td>9</td><td>-</td><td>-</td><td>269</td><td>14</td><td>311</td><td>616</td><td>571</td><td>2,989</td><td>1,945</td><td>28</td><td>60</td><td>5,593</td><td>905</td></tr><tr><td>Aug. 27.</td><td>14</td><td>12</td><td>-</td><td>10</td><td>262</td><td>14</td><td>273</td><td>585</td><td>658</td><td>3,176</td><td>1,892</td><td>40</td><td>57</td><td>5,823</td><td>573</td></tr><tr><td>Sept. 3.</td><td>33</td><td>9</td><td>-</td><td>-</td><td>255</td><td>14</td><td>275</td><td>587</td><td>590</td><td>2,783</td><td>1,791</td><td>75</td><td>66</td><td>5,305</td><td>536</td></tr><tr><td><b>Borrowings from foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>14</td><td>7</td><td>-</td><td>7</td><td>5</td><td>-</td><td>306</td><td>339</td><td>494</td><td>2,791</td><td>865</td><td>67</td><td>53</td><td>4,270</td><td>505</td></tr><tr><td>Aug. 13.</td><td>23</td><td>7</td><td>-</td><td>-</td><td>7</td><td>-</td><td>307</td><td>344</td><td>497</td><td>2,889</td><td>872</td><td>53</td><td>43</td><td>4,354</td><td>572</td></tr><tr><td>Aug. 20.</td><td>6</td><td>9</td><td>-</td><td>-</td><td>8</td><td>-</td><td>309</td><td>332</td><td>502</td><td>2,953</td><td>631</td><td>28</td><td>54</td><td>4,168</td><td>765</td></tr><tr><td>Aug. 27.</td><td>7</td><td>12</td><td>-</td><td>10</td><td>15</td><td>-</td><td>271</td><td>315</td><td>571</td><td>3,130</td><td>710</td><td>34</td><td>51</td><td>4,496</td><td>472</td></tr><tr><td>Sept. 3.</td><td>26</td><td>8</td><td>-</td><td>-</td><td>5</td><td>-</td><td>270</td><td>309</td><td>489</td><td>2,738</td><td>736</td><td>70</td><td>60</td><td>4,093</td><td>401</td></tr><tr><td><b>Acceptances made by foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>18</td><td>-</td><td>-</td><td>18</td><td>13</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>15</td><td>10</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>15</td><td>10</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>15</td><td>10</td></tr><tr><td>Sept. 3.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>15</td><td>10</td></tr><tr><td><b>Other liabilities payable in foreign currencies:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>97</td><td>57</td><td>-</td><td>-</td><td>230</td><td>14</td><td>4</td><td>402</td><td>16</td><td>42</td><td>1,142</td><td>7</td><td>4</td><td>1,210</td><td>197</td></tr><tr><td>Aug. 13.</td><td>7</td><td>-</td><td>-</td><td>-</td><td>246</td><td>14</td><td>4</td><td>271</td><td>32</td><td>21</td><td>1,297</td><td>6</td><td>4</td><td>1,360</td><td>173</td></tr><tr><td>Aug. 20.</td><td>7</td><td>-</td><td>-</td><td>-</td><td>261</td><td>14</td><td>2</td><td>284</td><td>69</td><td>36</td><td>1,299</td><td>-</td><td>6</td><td>1,410</td><td>137</td></tr><tr><td>Aug. 27.</td><td>7</td><td>-</td><td>-</td><td>-</td><td>247</td><td>14</td><td>2</td><td>270</td><td>87</td><td>46</td><td>1,167</td><td>6</td><td>6</td><td>1,312</td><td>87</td></tr><tr><td>Sept. 3.</td><td>7</td><td>1</td><td>-</td><td>-</td><td>251</td><td>14</td><td>5</td><td>278</td><td>101</td><td>45</td><td>1,040</td><td>5</td><td>6</td><td>1,197</td><td>121</td></tr></table>
63
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for August 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><b>TOTAL SHORT-TERM FOREIGN ASSETS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>351,308</td><td>22,888</td><td>1,966</td><td>1,109</td><td>55</td><td>2,069</td><td>34,880</td><td>2,098</td><td>739</td><td>566</td><td>694</td><td>2,718</td><td>23,759</td><td>93,541</td><td>25,306</td></tr><tr><td>Aug. 13.</td><td>353,350</td><td>23,895</td><td>1,940</td><td>1,122</td><td>51</td><td>2,025</td><td>35,349</td><td>1,591</td><td>728</td><td>570</td><td>635</td><td>2,722</td><td>23,784</td><td>94,412</td><td>27,796</td></tr><tr><td>Aug. 20.</td><td>355,405</td><td>23,843</td><td>1,934</td><td>1,113</td><td>49</td><td>1,953</td><td>35,222</td><td>1,511</td><td>738</td><td>580</td><td>604</td><td>2,637</td><td>23,672</td><td>93,856</td><td>31,367</td></tr><tr><td>Aug. 27.</td><td>357,261</td><td>23,966</td><td>1,929</td><td>1,106</td><td>46</td><td>1,951</td><td>35,280</td><td>1,510</td><td>794</td><td>560</td><td>611</td><td>2,733</td><td>23,720</td><td>94,206</td><td>28,666</td></tr><tr><td>Sept. 3.</td><td>353,489</td><td>23,363</td><td>1,936</td><td>1,107</td><td>46</td><td>1,964</td><td>35,295</td><td>1,505</td><td>787</td><td>551</td><td>624</td><td>2,750</td><td>23,661</td><td>93,589</td><td>27,611</td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN FOREIGN CURRENCIES:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>37,633</td><td>5,954</td><td>241</td><td>46</td><td>15</td><td>3</td><td>87</td><td>470</td><td>316</td><td>122</td><td>209</td><td>593</td><td>1,134</td><td>9,190</td><td>1,475</td></tr><tr><td>Aug. 13.</td><td>37,872</td><td>6,071</td><td>216</td><td>46</td><td>15</td><td>3</td><td>80</td><td>453</td><td>311</td><td>125</td><td>202</td><td>600</td><td>1,130</td><td>9,252</td><td>1,471</td></tr><tr><td>Aug. 20.</td><td>40,334</td><td>7,086</td><td>224</td><td>51</td><td>15</td><td>3</td><td>84</td><td>377</td><td>307</td><td>124</td><td>199</td><td>514</td><td>1,125</td><td>10,109</td><td>6,115</td></tr><tr><td>Aug. 27.</td><td>40,568</td><td>7,210</td><td>226</td><td>46</td><td>14</td><td>2</td><td>84</td><td>375</td><td>310</td><td>123</td><td>203</td><td>598</td><td>1,121</td><td>10,312</td><td>6,165</td></tr><tr><td>Sept. 3.</td><td>39,812</td><td>8,160</td><td>223</td><td>46</td><td>14</td><td>3</td><td>91</td><td>383</td><td>304</td><td>124</td><td>200</td><td>580</td><td>1,129</td><td>11,257</td><td>4,861</td></tr><tr><td><b>Banks own deposits abroad:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>6,693</td><td>2,550</td><td>40</td><td>22</td><td>3</td><td>-</td><td>15</td><td>172</td><td>56</td><td>5</td><td>32</td><td>115</td><td>47</td><td>3,057</td><td>2,452</td></tr><tr><td>Aug. 13.</td><td>6,829</td><td>2,384</td><td>23</td><td>22</td><td>3</td><td>-</td><td>10</td><td>171</td><td>46</td><td>6</td><td>35</td><td>132</td><td>40</td><td>2,872</td><td>2,625</td></tr><tr><td>Aug. 20.</td><td>8,893</td><td>2,867</td><td>33</td><td>24</td><td>3</td><td>-</td><td>14</td><td>29</td><td>53</td><td>5</td><td>25</td><td>86</td><td>41</td><td>3,180</td><td>1,435</td></tr><tr><td>Aug. 27.</td><td>8,483</td><td>2,482</td><td>33</td><td>21</td><td>3</td><td>-</td><td>14</td><td>27</td><td>56</td><td>4</td><td>30</td><td>154</td><td>37</td><td>2,861</td><td>1,368</td></tr><tr><td>Sept. 3.</td><td>7,441</td><td>3,012</td><td>29</td><td>21</td><td>3</td><td>-</td><td>21</td><td>28</td><td>58</td><td>5</td><td>26</td><td>140</td><td>42</td><td>3,385</td><td>2,732</td></tr><tr><td><b>Deposits abroad for account of domestic clients:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>22,761</td><td>751</td><td>64</td><td>13</td><td>-</td><td>-</td><td>48</td><td>232</td><td>48</td><td>-</td><td>-</td><td>22</td><td>326</td><td>1,504</td><td>975</td></tr><tr><td>Aug. 13.</td><td>22,750</td><td>812</td><td>64</td><td>13</td><td>-</td><td>-</td><td>46</td><td>218</td><td>56</td><td>2</td><td>-</td><td>16</td><td>322</td><td>1,549</td><td>980</td></tr><tr><td>Aug. 20.</td><td>22,692</td><td>757</td><td>63</td><td>13</td><td>-</td><td>-</td><td>46</td><td>284</td><td>56</td><td>-</td><td>-</td><td>4</td><td>321</td><td>1,544</td><td>911</td></tr><tr><td>Aug. 27.</td><td>22,784</td><td>745</td><td>64</td><td>13</td><td>-</td><td>-</td><td>46</td><td>284</td><td>56</td><td>-</td><td>-</td><td>19</td><td>321</td><td>1,548</td><td>971</td></tr><tr><td>Sept. 3.</td><td>22,836</td><td>733</td><td>66</td><td>13</td><td>-</td><td>-</td><td>46</td><td>291</td><td>48</td><td>-</td><td>-</td><td>15</td><td>320</td><td>1,532</td><td>982</td></tr><tr><td><b>Other assets payable in foreign currency:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>8,179</td><td>2,653</td><td>137</td><td>11</td><td>12</td><td>3</td><td>24</td><td>66</td><td>212</td><td>117</td><td>177</td><td>456</td><td>761</td><td>4,629</td><td>1,048</td></tr><tr><td>Aug. 13.</td><td>8,293</td><td>2,875</td><td>129</td><td>11</td><td>12</td><td>3</td><td>24</td><td>64</td><td>209</td><td>117</td><td>167</td><td>452</td><td>768</td><td>4,831</td><td>866</td></tr><tr><td>Aug. 20.</td><td>8,749</td><td>3,462</td><td>128</td><td>14</td><td>12</td><td>3</td><td>24</td><td>64</td><td>198</td><td>119</td><td>174</td><td>424</td><td>763</td><td>5,385</td><td>799</td></tr><tr><td>Aug. 27.</td><td>9,301</td><td>3,983</td><td>129</td><td>12</td><td>11</td><td>2</td><td>24</td><td>64</td><td>198</td><td>119</td><td>173</td><td>425</td><td>763</td><td>5,903</td><td>826</td></tr><tr><td>Sept. 3.</td><td>9,535</td><td>4,415</td><td>128</td><td>12</td><td>11</td><td>3</td><td>24</td><td>64</td><td>198</td><td>119</td><td>174</td><td>425</td><td>767</td><td>6,340</td><td>1,147</td></tr><tr><td><b>TOTAL ASSETS PAYABLE IN DOLLARS:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>314,175</td><td>16,934</td><td>1,725</td><td>1,063</td><td>40</td><td>2,066</td><td>34,793</td><td>1,628</td><td>423</td><td>444</td><td>485</td><td>2,125</td><td>22,625</td><td>84,351</td><td>20,831</td></tr><tr><td>Aug. 13.</td><td>315,478</td><td>17,824</td><td>1,724</td><td>1,076</td><td>36</td><td>2,022</td><td>35,269</td><td>1,138</td><td>417</td><td>445</td><td>433</td><td>2,122</td><td>22,654</td><td>85,160</td><td>23,325</td></tr><tr><td>Aug. 20.</td><td>315,071</td><td>16,757</td><td>1,710</td><td>1,062</td><td>34</td><td>1,950</td><td>35,138</td><td>1,134</td><td>411</td><td>456</td><td>405</td><td>2,123</td><td>22,547</td><td>83,747</td><td>25,222</td></tr><tr><td>Aug. 27.</td><td>316,693</td><td>16,756</td><td>1,703</td><td>1,060</td><td>32</td><td>1,949</td><td>35,196</td><td>1,135</td><td>424</td><td>437</td><td>408</td><td>2,135</td><td>22,599</td><td>83,894</td><td>22,501</td></tr><tr><td>Sept. 3.</td><td>313,677</td><td>15,203</td><td>1,713</td><td>1,061</td><td>32</td><td>1,961</td><td>35,204</td><td>1,122</td><td>483</td><td>427</td><td>424</td><td>2,170</td><td>22,532</td><td>82,332</td><td>22,750</td></tr><tr><td><b>Loans to foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>108,064</td><td>12,861</td><td>594</td><td>571</td><td>12</td><td>-</td><td>16,204</td><td>706</td><td>9</td><td>2</td><td>92</td><td>113</td><td>10,995</td><td>42,159</td><td>615</td></tr><tr><td>Aug. 13.</td><td>109,903</td><td>14,019</td><td>594</td><td>584</td><td>12</td><td>-</td><td>17,192</td><td>585</td><td>9</td><td>2</td><td>38</td><td>115</td><td>10,821</td><td>44,171</td><td>2,562</td></tr><tr><td>Aug. 20.</td><td>107,095</td><td>13,093</td><td>595</td><td>571</td><td>12</td><td>-</td><td>17,821</td><td>587</td><td>9</td><td>2</td><td>12</td><td>113</td><td>10,928</td><td>43,743</td><td>307</td></tr><tr><td>Aug. 27.</td><td>111,352</td><td>13,170</td><td>595</td><td>571</td><td>12</td><td>-</td><td>18,545</td><td>588</td><td>9</td><td>2</td><td>17</td><td>120</td><td>10,986</td><td>44,615</td><td>931</td></tr><tr><td>Sept. 3.</td><td>109,242</td><td>11,252</td><td>595</td><td>572</td><td>12</td><td>12</td><td>20,376</td><td>590</td><td>20</td><td>2</td><td>11</td><td>146</td><td>10,844</td><td>44,432</td><td>876</td></tr><tr><td><b>Acceptances made for foreign banks:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>41,105</td><td>363</td><td>208</td><td>-</td><td>-</td><td>-</td><td>7,705</td><td>382</td><td>4</td><td>-</td><td>-</td><td>5</td><td>531</td><td>9,198</td><td>4,991</td></tr><tr><td>Aug. 13.</td><td>40,298</td><td>407</td><td>208</td><td>-</td><td>-</td><td>-</td><td>6,692</td><td>5</td><td>4</td><td>-</td><td>-</td><td>5</td><td>821</td><td>8,142</td><td>5,166</td></tr><tr><td>Aug. 20.</td><td>38,718</td><td>342</td><td>208</td><td>-</td><td>-</td><td>-</td><td>5,729</td><td>5</td><td>4</td><td>-</td><td>-</td><td>5</td><td>526</td><td>6,819</td><td>5,273</td></tr><tr><td>Aug. 27.</td><td>37,989</td><td>363</td><td>208</td><td>-</td><td>-</td><td>-</td><td>4,264</td><td>5</td><td>4</td><td>-</td><td>-</td><td>15</td><td>528</td><td>5,387</td><td>5,686</td></tr><tr><td>Sept. 3.</td><td>34,741</td><td>367</td><td>208</td><td>-</td><td>-</td><td>-</td><td>1,855</td><td>5</td><td>4</td><td>-</td><td>-</td><td>22</td><td>525</td><td>2,986</td><td>5,097</td></tr><tr><td><b>Other assets payable in dollars:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>165,006</td><td>3,710</td><td>923</td><td>492</td><td>28</td><td>2,066</td><td>10,884</td><td>540</td><td>410</td><td>442</td><td>393</td><td>2,007</td><td>11,099</td><td>32,994</td><td>15,225</td></tr><tr><td>Aug. 13.</td><td>165,277</td><td>3,798</td><td>922</td><td>492</td><td>24</td><td>2,022</td><td>11,185</td><td>548</td><td>404</td><td>443</td><td>395</td><td>2,002</td><td>11,012</td><td>32,847</td><td>15,597</td></tr><tr><td>Aug. 20.</td><td>169,238</td><td>3,322</td><td>907</td><td>491</td><td>22</td><td>1,950</td><td>11,588</td><td>542</td><td>418</td><td>454</td><td>393</td><td>2,005</td><td>11,093</td><td>33,185</td><td>19,642</td></tr><tr><td>Aug. 27.</td><td>167,352</td><td>3,223</td><td>900</td><td>489</td><td>20</td><td>1,949</td><td>12,387</td><td>542</td><td>471</td><td>435</td><td>391</td><td>2,000</td><td>11,085</td><td>33,892</td><td>15,884</td></tr><tr><td>Sept. 3.</td><td>169,694</td><td>3,584</td><td>910</td><td>489</td><td>20</td><td>1,949</td><td>12,973</td><td>527</td><td>459</td><td>425</td><td>413</td><td>2,002</td><td>11,163</td><td>34,914</td><td>16,777</td></tr></table>
(Continued on following page)
64
Short-Term Foreign Assets as Reported by Banks and Bankers in the United States for August 1941 - (Continued)
(in thousands of dollars)
<table><tr><th>Assets as of following dates</th><th>Argentina</th><th>Brazil</th><th>Chile</th><th>Cuba</th><th>Mexico</th><th>Panama & Canal Zone</th><th>Other Latin America</th><th>Total Latin America</th><th>China</th><th>Hong Kong</th><th>Japan, Korea and Manchuria</th><th>Philippine Islands</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SHORT-TERM FOREIGN ASSETS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6</td><td>14,034</td><td>27,082</td><td>13,115</td><td>10,588</td><td>5,990</td><td>2,254</td><td>44,993</td><td>118,056</td><td>32,749</td><td>3,122</td><td>26,247</td><td>26,643</td><td>15,380</td><td>104,141</td><td>10,764</td></tr><tr><td>Aug. 13</td><td>14,526</td><td>29,034</td><td>12,698</td><td>8,992</td><td>6,625</td><td>2,226</td><td>45,861</td><td>119,962</td><td>31,453</td><td>3,200</td><td>22,781</td><td>26,686</td><td>16,912</td><td>101,032</td><td>10,148</td></tr><tr><td>Aug. 20</td><td>13,800</td><td>28,323</td><td>11,977</td><td>8,868</td><td>6,742</td><td>2,201</td><td>46,115</td><td>118,026</td><td>30,313</td><td>3,186</td><td>22,569</td><td>26,834</td><td>18,966</td><td>101,868</td><td>10,288</td></tr><tr><td>Aug. 27</td><td>14,346</td><td>28,104</td><td>12,623</td><td>9,187</td><td>7,067</td><td>2,139</td><td>47,011</td><td>120,477</td><td>30,624</td><td>3,386</td><td>22,569</td><td>27,487</td><td>19,084</td><td>103,150</td><td>10,762</td></tr><tr><td>Sept. 3</td><td>14,347</td><td>27,814</td><td>12,699</td><td>9,453</td><td>6,787</td><td>2,203</td><td>48,590</td><td>121,893</td><td>30,665</td><td>3,410</td><td>22,473</td><td>28,009</td><td>15,480</td><td>100,037</td><td>10,359</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>Aug. 6</td><td>940</td><td>37</td><td>26</td><td>38</td><td>415</td><td>22</td><td>328</td><td>1,806</td><td>19,308</td><td>388</td><td>950</td><td>76</td><td>481</td><td>21,203</td><td>959</td></tr><tr><td>Aug. 13</td><td>1,022</td><td>37</td><td>21</td><td>43</td><td>649</td><td>22</td><td>328</td><td>2,122</td><td>19,247</td><td>434</td><td>879</td><td>63</td><td>491</td><td>21,114</td><td>913</td></tr><tr><td>Aug. 20</td><td>984</td><td>36</td><td>21</td><td>60</td><td>698</td><td>23</td><td>361</td><td>2,183</td><td>19,229</td><td>452</td><td>652</td><td>81</td><td>583</td><td>20,997</td><td>900</td></tr><tr><td>Aug. 27</td><td>968</td><td>49</td><td>22</td><td>52</td><td>707</td><td>23</td><td>375</td><td>2,196</td><td>19,248</td><td>472</td><td>607</td><td>61</td><td>620</td><td>21,008</td><td>887</td></tr><tr><td>Sept. 3</td><td>934</td><td>55</td><td>21</td><td>39</td><td>626</td><td>23</td><td>368</td><td>2,166</td><td>19,322</td><td>464</td><td>520</td><td>68</td><td>542</td><td>20,916</td><td>612</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>Aug. 6</td><td>122</td><td>9</td><td>1</td><td>38</td><td>226</td><td>15</td><td>11</td><td>422</td><td>138</td><td>213</td><td>211</td><td>48</td><td>148</td><td>758</td><td>4</td></tr><tr><td>Aug. 13</td><td>186</td><td>9</td><td>1</td><td>43</td><td>267</td><td>15</td><td>12</td><td>533</td><td>77</td><td>262</td><td>213</td><td>34</td><td>194</td><td>780</td><td>19</td></tr><tr><td>Aug. 20</td><td>158</td><td>3</td><td>1</td><td>58</td><td>301</td><td>15</td><td>14</td><td>550</td><td>59</td><td>279</td><td>139</td><td>53</td><td>192</td><td>722</td><td>6</td></tr><tr><td>Aug. 27</td><td>142</td><td>3</td><td>1</td><td>52</td><td>296</td><td>15</td><td>33</td><td>542</td><td>78</td><td>295</td><td>108</td><td>33</td><td>195</td><td>709</td><td>3</td></tr><tr><td>Sept. 3</td><td>198</td><td>9</td><td>1</td><td>39</td><td>311</td><td>15</td><td>30</td><td>603</td><td>127</td><td>287</td><td>106</td><td>42</td><td>144</td><td>706</td><td>15</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>Aug. 6</td><td>644</td><td>14</td><td>11</td><td>-</td><td>5</td><td>-</td><td>33</td><td>707</td><td>19,150</td><td>132</td><td>7</td><td>-</td><td>110</td><td>19,399</td><td>176</td></tr><tr><td>Aug. 13</td><td>644</td><td>14</td><td>7</td><td>-</td><td>5</td><td>-</td><td>29</td><td>699</td><td>19,150</td><td>133</td><td>13</td><td>-</td><td>110</td><td>19,406</td><td>116</td></tr><tr><td>Aug. 20</td><td>638</td><td>11</td><td>7</td><td>-</td><td>5</td><td>-</td><td>30</td><td>691</td><td>19,150</td><td>133</td><td>16</td><td>-</td><td>124</td><td>19,423</td><td>123</td></tr><tr><td>Aug. 27</td><td>636</td><td>23</td><td>8</td><td>-</td><td>5</td><td>-</td><td>27</td><td>699</td><td>19,150</td><td>132</td><td>15</td><td>-</td><td>159</td><td>19,456</td><td>110</td></tr><tr><td>Sept. 3</td><td>645</td><td>24</td><td>8</td><td>-</td><td>5</td><td>-</td><td>25</td><td>707</td><td>19,175</td><td>132</td><td>15</td><td>-</td><td>158</td><td>19,480</td><td>135</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>Aug. 6</td><td>174</td><td>14</td><td>14</td><td>-</td><td>184</td><td>7</td><td>284</td><td>677</td><td>20</td><td>43</td><td>732</td><td>28</td><td>223</td><td>1,046</td><td>779</td></tr><tr><td>Aug. 13</td><td>192</td><td>14</td><td>13</td><td>-</td><td>377</td><td>7</td><td>287</td><td>890</td><td>20</td><td>39</td><td>653</td><td>29</td><td>187</td><td>928</td><td>778</td></tr><tr><td>Aug. 20</td><td>188</td><td>22</td><td>13</td><td>2</td><td>392</td><td>8</td><td>317</td><td>942</td><td>20</td><td>40</td><td>497</td><td>28</td><td>267</td><td>852</td><td>771</td></tr><tr><td>Aug. 27</td><td>190</td><td>23</td><td>13</td><td>-</td><td>406</td><td>8</td><td>315</td><td>955</td><td>20</td><td>45</td><td>484</td><td>28</td><td>266</td><td>843</td><td>774</td></tr><tr><td>Sept. 3</td><td>191</td><td>22</td><td>12</td><td>-</td><td>310</td><td>8</td><td>313</td><td>856</td><td>20</td><td>45</td><td>399</td><td>26</td><td>240</td><td>730</td><td>462</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>Aug. 6</td><td>13,094</td><td>27,045</td><td>13,089</td><td>10,550</td><td>5,575</td><td>2,232</td><td>44,665</td><td>116,250</td><td>13,441</td><td>2,734</td><td>25,297</td><td>26,567</td><td>14,899</td><td>82,938</td><td>9,805</td></tr><tr><td>Aug. 13</td><td>13,504</td><td>28,997</td><td>12,677</td><td>8,949</td><td>5,976</td><td>2,204</td><td>45,533</td><td>117,840</td><td>12,206</td><td>2,766</td><td>21,902</td><td>26,623</td><td>16,421</td><td>79,918</td><td>9,235</td></tr><tr><td>Aug. 20</td><td>12,816</td><td>28,287</td><td>11,956</td><td>8,808</td><td>6,044</td><td>2,178</td><td>45,754</td><td>115,843</td><td>11,084</td><td>2,734</td><td>21,917</td><td>26,753</td><td>18,383</td><td>80,871</td><td>9,388</td></tr><tr><td>Aug. 27</td><td>13,378</td><td>28,055</td><td>12,601</td><td>9,135</td><td>6,360</td><td>2,116</td><td>46,636</td><td>118,281</td><td>11,376</td><td>2,914</td><td>21,962</td><td>27,426</td><td>18,464</td><td>82,142</td><td>9,875</td></tr><tr><td>Sept. 3</td><td>13,313</td><td>27,759</td><td>12,678</td><td>9,414</td><td>6,161</td><td>2,180</td><td>48,222</td><td>119,727</td><td>11,343</td><td>2,946</td><td>21,953</td><td>27,941</td><td>14,938</td><td>79,121</td><td>9,747</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>Aug. 6</td><td>1,452</td><td>3,271</td><td>126</td><td>1,957</td><td>710</td><td>6</td><td>7,223</td><td>14,745</td><td>6,068</td><td>2,146</td><td>16,345</td><td>16,672</td><td>7,545</td><td>48,776</td><td>1,769</td></tr><tr><td>Aug. 13</td><td>1,770</td><td>4,060</td><td>153</td><td>741</td><td>1,192</td><td>8</td><td>7,733</td><td>15,657</td><td>5,669</td><td>2,165</td><td>12,971</td><td>16,573</td><td>9,094</td><td>46,472</td><td>1,041</td></tr><tr><td>Aug. 20</td><td>890</td><td>3,146</td><td>194</td><td>747</td><td>1,030</td><td>-</td><td>7,540</td><td>13,547</td><td>5,854</td><td>2,176</td><td>12,984</td><td>16,587</td><td>11,152</td><td>48,753</td><td>745</td></tr><tr><td>Aug. 27</td><td>1,434</td><td>3,543</td><td>280</td><td>784</td><td>1,259</td><td>17</td><td>7,734</td><td>15,051</td><td>6,037</td><td>2,334</td><td>13,017</td><td>17,326</td><td>11,241</td><td>49,955</td><td>800</td></tr><tr><td>Sept. 3</td><td>1,636</td><td>3,246</td><td>152</td><td>644</td><td>1,081</td><td>-</td><td>9,667</td><td>16,426</td><td>5,904</td><td>2,379</td><td>13,010</td><td>17,816</td><td>7,585</td><td>46,694</td><td>814</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>Aug. 6</td><td>1,133</td><td>6,865</td><td>1,710</td><td>4,519</td><td>829</td><td>45</td><td>3,780</td><td>18,881</td><td>954</td><td>237</td><td>1,062</td><td>1,818</td><td>2,596</td><td>6,667</td><td>1,368</td></tr><tr><td>Aug. 13</td><td>1,198</td><td>6,958</td><td>1,726</td><td>4,186</td><td>815</td><td>47</td><td>4,046</td><td>18,976</td><td>1,079</td><td>233</td><td>1,044</td><td>1,820</td><td>2,473</td><td>6,649</td><td>1,365</td></tr><tr><td>Aug. 20</td><td>1,213</td><td>6,825</td><td>1,193</td><td>3,970</td><td>849</td><td>61</td><td>4,141</td><td>18,252</td><td>1,135</td><td>239</td><td>1,046</td><td>2,107</td><td>2,317</td><td>6,844</td><td>1,590</td></tr><tr><td>Aug. 27</td><td>1,189</td><td>6,782</td><td>1,211</td><td>3,994</td><td>800</td><td>45</td><td>4,328</td><td>18,349</td><td>1,205</td><td>248</td><td>1,011</td><td>2,083</td><td>2,383</td><td>6,930</td><td>1,631</td></tr><tr><td>Sept. 3</td><td>1,182</td><td>6,821</td><td>1,274</td><td>3,710</td><td>757</td><td>44</td><td>4,433</td><td>18,221</td><td>1,279</td><td>248</td><td>1,004</td><td>2,013</td><td>2,373</td><td>6,917</td><td>1,520</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>Aug. 6</td><td>10,509</td><td>16,909</td><td>11,253</td><td>4,074</td><td>4,036</td><td>2,181</td><td>33,662</td><td>82,624</td><td>6,419</td><td>351</td><td>7,890</td><td>8,077</td><td>4,758</td><td>27,495</td><td>6,668</td></tr><tr><td>Aug. 13</td><td>10,536</td><td>17,979</td><td>10,798</td><td>4,022</td><td>3,969</td><td>2,149</td><td>33,754</td><td>83,207</td><td>5,458</td><td>368</td><td>7,887</td><td>8,230</td><td>4,854</td><td>26,797</td><td>6,329</td></tr><tr><td>Aug. 20</td><td>10,713</td><td>18,316</td><td>10,569</td><td>4,091</td><td>4,165</td><td>2,117</td><td>34,073</td><td>84,044</td><td>4,095</td><td>319</td><td>7,887</td><td>8,059</td><td>4,914</td><td>25,274</td><td>7,093</td></tr><tr><td>Aug. 27</td><td>10,755</td><td>17,730</td><td>11,110</td><td>4,357</td><td>4,301</td><td>2,054</td><td>34,574</td><td>84,881</td><td>4,134</td><td>332</td><td>7,934</td><td>8,017</td><td>4,840</td><td>25,257</td><td>7,438</td></tr><tr><td>Sept. 3</td><td>10,495</td><td>17,692</td><td>11,252</td><td>5,060</td><td>4,323</td><td>2,136</td><td>34,122</td><td>85,080</td><td>4,160</td><td>319</td><td>7,939</td><td>8,112</td><td>4,980</td><td>25,510</td><td>7,413</td></tr></table>
65
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for August 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>Aug. 6.........</td><td>9,839</td><td>215</td><td>229</td><td>156</td><td>1</td><td>33</td><td>187</td><td>94</td><td>956</td><td>283</td><td>2,154</td><td>5,057</td><td>2,276</td><td>3</td><td>298</td><td>301</td><td>51</td></tr><tr><td>Aug. 13.........</td><td>7,795</td><td>235</td><td>390</td><td>223</td><td>4</td><td>14</td><td>13</td><td>30</td><td>1,552</td><td>133</td><td>2,594</td><td>3,269</td><td>1,278</td><td>67</td><td>348</td><td>415</td><td>239</td></tr><tr><td>Aug. 20.........</td><td>4,806</td><td>259</td><td>307</td><td>141</td><td>1</td><td>10</td><td>-</td><td>25</td><td>684</td><td>187</td><td>1,614</td><td>1,885</td><td>977</td><td>98</td><td>187</td><td>285</td><td>45</td></tr><tr><td>Aug. 27.........</td><td>6,050</td><td>107</td><td>171</td><td>73</td><td>-</td><td>18</td><td>70</td><td>3</td><td>2,602</td><td>120</td><td>3,164</td><td>1,556</td><td>1,113</td><td>27</td><td>138</td><td>165</td><td>52</td></tr><tr><td>Sept. 3.........</td><td>4,958</td><td>105</td><td>138</td><td>137</td><td>2</td><td>29</td><td>41</td><td>15</td><td>1,093</td><td>115</td><td>1,675</td><td>1,568</td><td>1,176</td><td>14</td><td>479</td><td>493</td><td>46</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>Aug. 6.........</td><td>3,456</td><td>26</td><td>113</td><td>129</td><td>1</td><td>20</td><td>85</td><td>1</td><td>909</td><td>128</td><td>1,412</td><td>446</td><td>1,319</td><td>3</td><td>246</td><td>249</td><td>30</td></tr><tr><td>Aug. 13.........</td><td>2,445</td><td>50</td><td>53</td><td>192</td><td>4</td><td>12</td><td>13</td><td>-</td><td>830</td><td>105</td><td>1,259</td><td>238</td><td>628</td><td>1</td><td>291</td><td>292</td><td>28</td></tr><tr><td>Aug. 20.........</td><td>2,032</td><td>34</td><td>176</td><td>108</td><td>1</td><td>-</td><td>10</td><td>10</td><td>608</td><td>152</td><td>1,089</td><td>308</td><td>525</td><td>1</td><td>109</td><td>110</td><td>-</td></tr><tr><td>Aug. 27.........</td><td>1,765</td><td>10</td><td>105</td><td>37</td><td>-</td><td>-</td><td>70</td><td>-</td><td>613</td><td>78</td><td>913</td><td>245</td><td>541</td><td>-</td><td>64</td><td>64</td><td>2</td></tr><tr><td>Sept. 3.........</td><td>2,544</td><td>17</td><td>82</td><td>110</td><td>2</td><td>1</td><td>40</td><td>10</td><td>921</td><td>96</td><td>1,279</td><td>246</td><td>594</td><td>-</td><td>423</td><td>423</td><td>2</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>Aug. 6.........</td><td>4,591</td><td>176</td><td>57</td><td>3</td><td>-</td><td>13</td><td>102</td><td>93</td><td>30</td><td>5</td><td>479</td><td>3,780</td><td>265</td><td>-</td><td>51</td><td>51</td><td>16</td></tr><tr><td>Aug. 13.........</td><td>3,523</td><td>148</td><td>75</td><td>-</td><td>-</td><td>2</td><td>-</td><td>27</td><td>711</td><td>23</td><td>986</td><td>2,423</td><td>109</td><td>-</td><td>1</td><td>1</td><td>4</td></tr><tr><td>Aug. 20.........</td><td>1,283</td><td>1</td><td>61</td><td>8</td><td>-</td><td>2</td><td>-</td><td>15</td><td>63</td><td>34</td><td>184</td><td>944</td><td>135</td><td>-</td><td>18</td><td>18</td><td>2</td></tr><tr><td>Aug. 27.........</td><td>3,506</td><td>53</td><td>19</td><td>11</td><td>-</td><td>4</td><td>-</td><td>3</td><td>1,982</td><td>34</td><td>2,106</td><td>1,178</td><td>149</td><td>-</td><td>72</td><td>72</td><td>1</td></tr><tr><td>Sept. 3.........</td><td>1,592</td><td>27</td><td>33</td><td>13</td><td>-</td><td>28</td><td>-</td><td>5</td><td>169</td><td>7</td><td>282</td><td>1,154</td><td>104</td><td>-</td><td>52</td><td>52</td><td>-</td></tr><tr><td>Purchase of foreign securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>1,792</td><td>13</td><td>59</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>150</td><td>263</td><td>831</td><td>692</td><td>-</td><td>1</td><td>1</td><td>5</td></tr><tr><td>Aug. 13.........</td><td>1,827</td><td>37</td><td>262</td><td>31</td><td>-</td><td>-</td><td>-</td><td>3</td><td>11</td><td>5</td><td>349</td><td>608</td><td>541</td><td>66</td><td>56</td><td>122</td><td>207</td></tr><tr><td>Aug. 20.........</td><td>1,491</td><td>224</td><td>70</td><td>25</td><td>-</td><td>8</td><td>-</td><td>-</td><td>13</td><td>1</td><td>341</td><td>633</td><td>317</td><td>97</td><td>60</td><td>157</td><td>43</td></tr><tr><td>Aug. 27.........</td><td>779</td><td>44</td><td>47</td><td>25</td><td>-</td><td>14</td><td>-</td><td>-</td><td>7</td><td>8</td><td>145</td><td>133</td><td>423</td><td>27</td><td>2</td><td>29</td><td>49</td></tr><tr><td>Sept. 3.........</td><td>822</td><td>61</td><td>23</td><td>14</td><td>-</td><td>-</td><td>1</td><td>-</td><td>3</td><td>12</td><td>114</td><td>168</td><td>478</td><td>14</td><td>4</td><td>18</td><td>44</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>Aug. 6.........</td><td>7,931</td><td>1,930</td><td>33</td><td>115</td><td>1</td><td>20</td><td>16</td><td>11</td><td>411</td><td>158</td><td>2,695</td><td>2,913</td><td>998</td><td>58</td><td>1,242</td><td>1,300</td><td>25</td></tr><tr><td>Aug. 13.........</td><td>8,434</td><td>1,548</td><td>223</td><td>8</td><td>5</td><td>5</td><td>38</td><td>2</td><td>580</td><td>80</td><td>2,489</td><td>3,640</td><td>672</td><td>-</td><td>1,562</td><td>1,562</td><td>71</td></tr><tr><td>Aug. 20.........</td><td>7,172</td><td>1,727</td><td>58</td><td>36</td><td>1</td><td>-</td><td>3</td><td>4</td><td>464</td><td>89</td><td>2,382</td><td>1,866</td><td>807</td><td>4</td><td>2,104</td><td>2,108</td><td>9</td></tr><tr><td>Aug. 27.........</td><td>8,294</td><td>1,363</td><td>74</td><td>14</td><td>11</td><td>-</td><td>33</td><td>28</td><td>939</td><td>66</td><td>2,528</td><td>3,710</td><td>667</td><td>-</td><td>1,385</td><td>1,385</td><td>4</td></tr><tr><td>Sept. 3.........</td><td>5,401</td><td>706</td><td>74</td><td>67</td><td>5</td><td>16</td><td>31</td><td>9</td><td>699</td><td>66</td><td>1,673</td><td>2,492</td><td>670</td><td>-</td><td>544</td><td>544</td><td>22</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>Aug. 6.........</td><td>4,461</td><td>1,211</td><td>29</td><td>59</td><td>1</td><td>1</td><td>16</td><td>11</td><td>187</td><td>144</td><td>1,659</td><td>1,293</td><td>675</td><td>57</td><td>752</td><td>809</td><td>25</td></tr><tr><td>Aug. 13.........</td><td>4,529</td><td>1,281</td><td>46</td><td>2</td><td>1</td><td>1</td><td>37</td><td>-</td><td>320</td><td>72</td><td>1,760</td><td>1,173</td><td>430</td><td>-</td><td>1,160</td><td>1,160</td><td>6</td></tr><tr><td>Aug. 20.........</td><td>5,204</td><td>1,390</td><td>46</td><td>36</td><td>1</td><td>-</td><td>3</td><td>4</td><td>315</td><td>88</td><td>1,883</td><td>688</td><td>545</td><td>4</td><td>2,075</td><td>2,079</td><td>9</td></tr><tr><td>Aug. 27.........</td><td>4,026</td><td>1,088</td><td>23</td><td>14</td><td>11</td><td>-</td><td>28</td><td>1</td><td>555</td><td>55</td><td>1,775</td><td>586</td><td>372</td><td>-</td><td>1,291</td><td>1,291</td><td>2</td></tr><tr><td>Sept. 3.........</td><td>2,348</td><td>522</td><td>31</td><td>53</td><td>2</td><td>4</td><td>22</td><td>4</td><td>318</td><td>51</td><td>1,007</td><td>446</td><td>369</td><td>-</td><td>516</td><td>516</td><td>10</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>2,414</td><td>694</td><td>4</td><td>54</td><td>4</td><td>19</td><td>-</td><td>2</td><td>216</td><td>14</td><td>1,001</td><td>1,221</td><td>131</td><td>1</td><td>60</td><td>61</td><td>64</td></tr><tr><td>Aug. 13.........</td><td>3,246</td><td>218</td><td>177</td><td>5</td><td>4</td><td>1</td><td>1</td><td>2</td><td>256</td><td>3</td><td>670</td><td>2,054</td><td>58</td><td>-</td><td>400</td><td>400</td><td>64</td></tr><tr><td>Aug. 20.........</td><td>1,414</td><td>244</td><td>10</td><td>-</td><td>-</td><td>-</td><td>5</td><td>27</td><td>118</td><td>1</td><td>373</td><td>934</td><td>88</td><td>-</td><td>19</td><td>19</td><td>1</td></tr><tr><td>Aug. 27.........</td><td>3,696</td><td>170</td><td>39</td><td>-</td><td>-</td><td>-</td><td>5</td><td>27</td><td>364</td><td>11</td><td>616</td><td>2,981</td><td>72</td><td>-</td><td>26</td><td>26</td><td>1</td></tr><tr><td>Sept. 3.........</td><td>2,546</td><td>142</td><td>37</td><td>7</td><td>3</td><td>12</td><td>9</td><td>5</td><td>344</td><td>5</td><td>564</td><td>1,874</td><td>77</td><td>-</td><td>19</td><td>19</td><td>12</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>Aug. 6.........</td><td>1,056</td><td>25</td><td>-</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>5</td><td>35</td><td>399</td><td>192</td><td>-</td><td>430</td><td>430</td><td>-</td></tr><tr><td>Aug. 13.........</td><td>659</td><td>49</td><td>-</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>59</td><td>413</td><td>184</td><td>-</td><td>2</td><td>2</td><td>1</td></tr><tr><td>Aug. 20.........</td><td>554</td><td>93</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>31</td><td>-</td><td>126</td><td>244</td><td>174</td><td>-</td><td>10</td><td>10</td><td>1</td></tr><tr><td>Aug. 27.........</td><td>572</td><td>105</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20</td><td>-</td><td>137</td><td>143</td><td>227</td><td>-</td><td>68</td><td>68</td><td>1</td></tr><tr><td>Sept. 3.........</td><td>507</td><td>42</td><td>6</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>37</td><td>10</td><td>102</td><td>172</td><td>224</td><td>-</td><td>9</td><td>9</td><td>-</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>Aug. 6.........</td><td>577</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>567</td><td>4</td><td>-</td><td>1</td><td>1</td><td>-</td></tr><tr><td>Aug. 13.........</td><td>579</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>574</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Aug. 20.........</td><td>495</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>471</td><td>-</td><td>-</td><td>24</td><td>24</td><td>-</td></tr><tr><td>Aug. 27.........</td><td>2,018</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>21</td><td>-</td><td>24</td><td>1,987</td><td>-</td><td>-</td><td>4</td><td>4</td><td>3</td></tr><tr><td>Sept. 3.........</td><td>733</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>724</td><td>-</td><td>-</td><td>5</td><td>5</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>Aug. 6.........</td><td>43</td><td>3</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>3</td><td>40</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.........</td><td>6</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.........</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>Aug. 27.........</td><td>22</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>18</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td></tr><tr><td>Sept. 3.........</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>4</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Bonds:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.........</td><td>14</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>2</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.........</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.........</td><td>39</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>-</td><td>-</td><td>-
(Continued on following page)
66
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for August 1941 - (Continued)
(In thousands of dollars)
<table><tr><th>Tranactions 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 Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL SALES EXECUTED AHEAD FOR DOMESTIC ACCOUNT:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6</td><td>573</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>558</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13</td><td>565</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>565</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20</td><td>350</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>350</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27</td><td>1,210</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,179</td><td>20</td><td>-</td><td>-</td><td>10</td><td>10</td><td>1</td></tr><tr><td>Sept. 3</td><td>647</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>647</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>17</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>114</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27</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>5</td><td>-</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Sept. 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><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>Aug. 6</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>29</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13</td><td>2</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><td>-</td></tr><tr><td>Aug. 20</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>55</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 3</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>35</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><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>Aug. 6</td><td>527</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>512</td><td>15</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13</td><td>449</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>449</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20</td><td>337</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>337</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27</td><td>1,145</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1,124</td><td>15</td><td>-</td><td>-</td><td>5</td><td>5</td><td>1</td></tr><tr><td>Sept. 3</td><td>612</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>612</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for August 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>Aug. 6</td><td>25,133</td><td>1,531</td><td>1,094</td><td>396</td><td>21</td><td>47</td><td>505</td><td>267</td><td>989</td><td>1,726</td><td>6,576</td><td>9,979</td><td>5,711</td><td>72</td><td>2,490</td><td>2,562</td><td>305</td></tr><tr><td>Aug. 13</td><td>24,976</td><td>1,526</td><td>1,117</td><td>399</td><td>21</td><td>47</td><td>517</td><td>260</td><td>967</td><td>1,396</td><td>6,250</td><td>9,786</td><td>6,263</td><td>142</td><td>2,308</td><td>2,450</td><td>227</td></tr><tr><td>Aug. 20</td><td>23,318</td><td>1,498</td><td>1,091</td><td>389</td><td>21</td><td>47</td><td>541</td><td>270</td><td>984</td><td>1,352</td><td>6,193</td><td>7,230</td><td>7,180</td><td>74</td><td>2,404</td><td>2,478</td><td>237</td></tr><tr><td>Aug. 27</td><td>22,283</td><td>1,533</td><td>1,048</td><td>387</td><td>21</td><td>46</td><td>542</td><td>267</td><td>982</td><td>1,695</td><td>6,521</td><td>7,222</td><td>5,879</td><td>74</td><td>2,349</td><td>2,423</td><td>238</td></tr><tr><td>Sept. 3</td><td>22,274</td><td>1,484</td><td>1,073</td><td>400</td><td>20</td><td>45</td><td>521</td><td>271</td><td>1,008</td><td>1,697</td><td>6,519</td><td>7,267</td><td>5,859</td><td>72</td><td>2,313</td><td>2,385</td><td>244</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>Aug. 6</td><td>46,771</td><td>1,922</td><td>6,613</td><td>1,717</td><td>33</td><td>52</td><td>9,008</td><td>162</td><td>9,657</td><td>1,465</td><td>30,629</td><td>2,013</td><td>10,081</td><td>176</td><td>2,780</td><td>2,956</td><td>1,092</td></tr><tr><td>Aug. 13</td><td>46,957</td><td>1,837</td><td>6,721</td><td>1,617</td><td>33</td><td>72</td><td>9,222</td><td>149</td><td>9,614</td><td>1,385</td><td>30,650</td><td>2,811</td><td>10,248</td><td>176</td><td>2,462</td><td>2,638</td><td>610</td></tr><tr><td>Aug. 20</td><td>45,714</td><td>1,793</td><td>6,691</td><td>1,591</td><td>33</td><td>54</td><td>9,045</td><td>144</td><td>9,846</td><td>1,297</td><td>30,494</td><td>1,847</td><td>10,059</td><td>177</td><td>2,473</td><td>2,650</td><td>664</td></tr><tr><td>Aug. 27</td><td>46,155</td><td>1,801</td><td>6,635</td><td>1,644</td><td>36</td><td>60</td><td>9,137</td><td>138</td><td>9,801</td><td>1,307</td><td>30,559</td><td>1,739</td><td>9,951</td><td>178</td><td>3,060</td><td>3,238</td><td>618</td></tr><tr><td>Sept. 3</td><td>46,298</td><td>1,880</td><td>6,631</td><td>1,669</td><td>38</td><td>52</td><td>9,224</td><td>144</td><td>9,987</td><td>1,324</td><td>30,949</td><td>1,769</td><td>9,674</td><td>189</td><td>3,131</td><td>3,320</td><td>586</td></tr></table>
67
Security Transactions in Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for August 1941
(In thousands of dollars)
<table><tr><th>Transactions during week ended:</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>561</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>476</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>789</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>755</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>432</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>432</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>974</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>967</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 3.</td><td>473</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>450</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Purchases of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></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>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 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><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>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 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><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>Aug. 6.</td><td>561</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>476</td><td>85</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>789</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>755</td><td>34</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>432</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>432</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>974</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>967</td><td>7</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 3.</td><td>473</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>450</td><td>23</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>TOTAL SALES IN THE UNITED STATES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>516</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>516</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>620</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>620</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>225</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>225</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 3.</td><td>436</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>436</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sales of domestic securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Stocks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 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><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>Aug. 6.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 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><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>Aug. 6.</td><td>516</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>516</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13.</td><td>620</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>620</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20.</td><td>225</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>225</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27.</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>890</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Sept. 3.</td><td>436</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>436</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr></table>
68
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 purchasee or sales (-)</th><th>Transactions during week ended:</th><th>Total purchasee</th><th>Total sales</th><th>Net purchasee or sales (-)</th><th>Transactions during week ended:</th><th>Total purchasee</th><th>Total sales</th><th>Net purchasee or sales (-)</th></tr><tr><td>1938-Jan.</td><td>17,083</td><td>15,195</td><td>1,888</td><td>1939-May</td><td>19,699</td><td>10,723</td><td>8,976</td><td>1940-July</td><td>4,228</td><td>15,000</td><td>-10,772</td></tr><tr><td>12....</td><td>22,268</td><td>21,189</td><td>1,079</td><td>3....</td><td>13,402</td><td>15,120</td><td>-1,718</td><td>3....</td><td>2,135</td><td>11,005</td><td>-8,571</td></tr><tr><td>19....</td><td>24,699</td><td>21,609</td><td>3,090</td><td>17....</td><td>13,630</td><td>12,008</td><td>1,622</td><td>17....</td><td>7,908</td><td>13,008</td><td>-10,873</td></tr><tr><td>26....</td><td>17,822</td><td>17,942</td><td>-120</td><td>24....</td><td>11,579</td><td>14,041</td><td>-2,462</td><td>24....</td><td>7,826</td><td>7,303</td><td>605</td></tr><tr><td>Feb.</td><td>20,255</td><td>18,017</td><td>2,238</td><td>31....</td><td>15,115</td><td>15,265</td><td>-150</td><td>31....</td><td>7,670</td><td>7,670</td><td>-3,844</td></tr><tr><td>2....</td><td>13,626</td><td>18,587</td><td>-4,961</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>6,570</td><td>-399</td></tr><tr><td>9....</td><td>10,704</td><td>15,302</td><td>-4,598</td><td>14....</td><td>13,136</td><td>15,430</td><td>-2,294</td><td>14....</td><td>3,002</td><td>18,004</td><td>-15,002</td></tr><tr><td>16....</td><td>11,021</td><td>11,833</td><td>-612</td><td>21....</td><td>13,162</td><td>15,837</td><td>-2,675</td><td>21....</td><td>2,294</td><td>4,865</td><td>-2,571</td></tr><tr><td>23....</td><td>20,043</td><td>29,772</td><td>-9,729</td><td>28....</td><td>11,127</td><td>16,353</td><td>-5,226</td><td>28....</td><td>2,244</td><td>7,188</td><td>-4,944</td></tr><tr><td>Mar. 2....</td><td>12,462</td><td>11,806</td><td>656</td><td>Sept. 4....</td><td>4,376</td><td>5,788</td><td>-1,412</td><td>Sept. 4....</td><td>11,425</td><td>11,280</td><td>145</td></tr><tr><td>9....</td><td>12,986</td><td>15,846</td><td>-2,860</td><td>July 5....</td><td>17,512</td><td>13,128</td><td>4,384</td><td>11....</td><td>11,601</td><td>7,055</td><td>4,546</td></tr><tr><td>16....</td><td>18,619</td><td>17,759</td><td>860</td><td>12....</td><td>7,832</td><td>12,749</td><td>-4,917</td><td>18....</td><td>18,590</td><td>23,402</td><td>-4,812</td></tr><tr><td>23....</td><td>19,355</td><td>17,704</td><td>1,651</td><td>19....</td><td>16,348</td><td>24,653</td><td>-8,305</td><td>25....</td><td></td><td></td><td></td></tr><tr><td>30....</td><td></td><td></td><td></td><td>26....</td><td>28,125</td><td>28,866</td><td>-741</td><td>Oct. 2....</td><td>6,145</td><td>14,057</td><td>-7,912</td></tr><tr><td>Apr. 6....</td><td>18,967</td><td>19,058</td><td>-91</td><td>Oct. 9....</td><td>6,873</td><td>12,015</td><td>-5,142</td><td>16....</td><td>7,799</td><td>15,154</td><td>-7,355</td></tr><tr><td>13....</td><td>14,702</td><td>12,630</td><td>2,072</td><td>Aug. 2....</td><td>20,542</td><td>18,308</td><td>2,234</td><td>16....</td><td>6,437</td><td>16,315</td><td>-9,878</td></tr><tr><td>20....</td><td>19,312</td><td>12,406</td><td>6,906</td><td>9....</td><td>15,561</td><td>21,304</td><td>-5,743</td><td>23....</td><td>8,300</td><td>15,322</td><td>-7,022</td></tr><tr><td>27....</td><td>14,912</td><td>13,401</td><td>1,511</td><td>16....</td><td>12,867</td><td>24,466</td><td>-11,599</td><td>30....</td><td></td><td></td><td></td></tr><tr><td>May 4....</td><td>9,765</td><td>11,085</td><td>-1,320</td><td>23....</td><td>15,766</td><td>15,513</td><td>253</td><td>Nov. 6....</td><td>11,258</td><td>18,618</td><td>-7,360</td></tr><tr><td>11....</td><td>11,852</td><td>14,356</td><td>-2,504</td><td>30....</td><td>20,453</td><td>19,904</td><td>549</td><td>13....</td><td>14,583</td><td>18,861</td><td>-4,278</td></tr><tr><td>18....</td><td>12,105</td><td>12,553</td><td>-448</td><td></td><td></td><td></td><td></td><td>20....</td><td>8,466</td><td>18,505</td><td>-10,039</td></tr><tr><td>25....</td><td>8,816</td><td>9,291</td><td>-475</td><td>Sept. 6....</td><td>19,989</td><td>14,312</td><td>5,677</td><td>27....</td><td>5,116</td><td>16,622</td><td>-11,506</td></tr><tr><td>June 1....</td><td>10,405</td><td>9,983</td><td>422</td><td>13....</td><td>52,564</td><td>42,611</td><td>9,953</td><td>Dec. 4....</td><td>4,752</td><td>11,849</td><td>-7,097</td></tr><tr><td>8....</td><td>11,682</td><td>12,383</td><td>-701</td><td>20....</td><td>33,127</td><td>40,019</td><td>-6,892</td><td>11....</td><td>5,870</td><td>9,692</td><td>-3,822</td></tr><tr><td>15....</td><td>9,021</td><td>11,977</td><td>-2,956</td><td>27....</td><td>19,024</td><td>28,016</td><td>-8,992</td><td>18....</td><td>11,556</td><td>17,634</td><td>-6,078</td></tr><tr><td>22....</td><td>11,375</td><td>9,257</td><td>2,118</td><td>25....</td><td></td><td></td><td></td><td>25....</td><td>5,163</td><td>16,283</td><td>-11,120</td></tr><tr><td>29....</td><td>38,260</td><td>37,841</td><td>419</td><td>Oct. 4....</td><td>16,932</td><td>29,373</td><td>-12,441</td><td>1941-Jan. 1....</td><td>5,771</td><td>13,430</td><td>-7,659</td></tr><tr><td>July 6....</td><td>38,619</td><td>32,628</td><td>5,991</td><td>11....</td><td>19,364</td><td>22,395</td><td>-3,031</td><td>8....</td><td>3,987</td><td>23,235</td><td>-19,248</td></tr><tr><td>13....</td><td>38,121</td><td>38,613</td><td>-492</td><td>18....</td><td>17,162</td><td>18,811</td><td>-1,649</td><td>15....</td><td>5,376</td><td>31,467</td><td>-26,091</td></tr><tr><td>20....</td><td>32,653</td><td>35,895</td><td>-3,242</td><td>25....</td><td>17,784</td><td>29,487</td><td>-11,703</td><td>22....</td><td>5,076</td><td>20,659</td><td>-15,583</td></tr><tr><td>27....</td><td>36,049</td><td>43,931</td><td>-7,882</td><td>Nov. 1....</td><td>20,228</td><td>25,120</td><td>-4,892</td><td>29....</td><td>9,670</td><td>25,523</td><td>-15,853</td></tr><tr><td>Aug. 3....</td><td>20,541</td><td>27,220</td><td>-6,679</td><td>8....</td><td>14,648</td><td>20,862</td><td>-6,214</td><td>Feb. 5....</td><td>8,148</td><td>20,726</td><td>-12,578</td></tr><tr><td>10....</td><td>18,739</td><td>24,969</td><td>-6,230</td><td>15....</td><td>17,464</td><td>23,674</td><td>-6,210</td><td>12....</td><td>4,674</td><td>11,940</td><td>-7,266</td></tr><tr><td>17....</td><td>18,802</td><td>23,812</td><td>-5,010</td><td>22....</td><td>15,175</td><td>15,666</td><td>-6,491</td><td>19....</td><td>5,651</td><td>14,667</td><td>-9,016</td></tr><tr><td>24....</td><td>11,570</td><td>14,965</td><td>-3,395</td><td>29....</td><td>14,267</td><td>13,367</td><td>900</td><td>26....</td><td>7,915</td><td>15,187</td><td>-7,272</td></tr><tr><td>31....</td><td>20,801</td><td>23,853</td><td>-3,052</td><td>Dec. 6....</td><td>10,824</td><td>15,064</td><td>-4,240</td><td>Mar. 5....</td><td>6,684</td><td>25,212</td><td>-18,528</td></tr><tr><td>Sept. 7....</td><td>12,060</td><td>13,819</td><td>-1,759</td><td>13....</td><td>16,774</td><td>16,437</td><td>337</td><td>12....</td><td>5,246</td><td>20,633</td><td>-15,387</td></tr><tr><td>14....</td><td>15,463</td><td>18,411</td><td>-2,948</td><td>20....</td><td>13,662</td><td>13,382</td><td>280</td><td>19....</td><td>10,613</td><td>25,543</td><td>-14,930</td></tr><tr><td>21....</td><td>34,063</td><td>25,408</td><td>8,655</td><td>27....</td><td>10,528</td><td>8,782</td><td>1,746</td><td>26....</td><td>9,473</td><td>21,740</td><td>-12,267</td></tr><tr><td>28....</td><td>20,902</td><td>24,745</td><td>-3,843</td><td>1940-Jan. 3....</td><td>11,269</td><td>7,169</td><td>4,100</td><td>Apr. 2....</td><td>9,768</td><td>22,284</td><td>-12,916</td></tr><tr><td>Oct. 5....</td><td>43,286</td><td>26,139</td><td>17,147</td><td>10....</td><td>11,158</td><td>11,498</td><td>-340</td><td>9....</td><td>5,651</td><td>12,684</td><td>-7,033</td></tr><tr><td>12....</td><td>48,449</td><td>29,888</td><td>18,561</td><td>17....</td><td>15,309</td><td>21,266</td><td>-5,957</td><td>16....</td><td>3,786</td><td>6,625</td><td>-2,839</td></tr><tr><td>19....</td><td>46,441</td><td>37,402</td><td>9,039</td><td>24....</td><td>9,969</td><td>13,686</td><td>-3,717</td><td>23....</td><td>5,862</td><td>10,983</td><td>-5,121</td></tr><tr><td>26....</td><td>45,644</td><td>33,412</td><td>12,232</td><td>31....</td><td>9,192</td><td>10,056</td><td>-864</td><td>30....</td><td>5,611</td><td>9,931</td><td>-4,320</td></tr><tr><td>Nov. 2....</td><td>41,470</td><td>33,198</td><td>8,272</td><td>May 7....</td><td>6,097</td><td>14,708</td><td>-8,611</td><td>14....</td><td>7,045</td><td>25,674</td><td>-18,629</td></tr><tr><td>9....</td><td>26,885</td><td>25,402</td><td>1,485</td><td>21....</td><td>8,129</td><td>13,720</td><td>-5,591</td><td>21....</td><td>5,339</td><td>13,360</td><td>-8,021</td></tr><tr><td>16....</td><td>43,426</td><td>38,193</td><td>5,233</td><td>28....</td><td></td><td></td><td></td><td>June 4....</td><td>6,958</td><td>11,429</td><td>-4,471</td></tr><tr><td>23....</td><td>33,318</td><td>31,704</td><td>1,614</td><td>11....</td><td>4,801</td><td>7,477</td><td>-2,676</td><td>11....</td><td>5,277</td><td>5,287</td><td>-10</td></tr><tr><td>30....</td><td>30,735</td><td>28,197</td><td>2,538</td><td>18....</td><td>3,443</td><td>5,467</td><td>-2,024</td><td>25....</td><td></td><td></td><td></td></tr><tr><td>Dec. 7....</td><td>29,389</td><td>23,752</td><td>6,037</td><td>Mar. 6....</td><td>11,723</td><td>15,650</td><td>-3,927</td><td>July 2....</td><td>3,704</td><td>4,910</td><td>-1,206</td></tr><tr><td>14....</td><td>20,646</td><td>28,198</td><td>-7,752</td><td>13....</td><td>11,518</td><td>19,411</td><td>-7,893</td><td>9....</td><td>5,651</td><td>6,823</td><td>-1,172</td></tr><tr><td>21....</td><td>37,587</td><td>26,963</td><td>10,624</td><td>20....</td><td>11,217</td><td>14,986</td><td>-3,769</td><td>15....</td><td>4,678</td><td>6,499</td><td>-1,821</td></tr><tr><td>28....</td><td>22,343</td><td>13,624</td><td>8,719</td><td>27....</td><td>6,176</td><td>11,514</td><td>-5,338</td><td>23....</td><td>5,567</td><td>6,981</td><td>-3,414</td></tr><tr><td>1939-Jan. 4....</td><td>25,529</td><td>24,960</td><td>569</td><td>Apr. 3....</td><td>12,778</td><td>21,907</td><td>-9,129</td><td>30....</td><td>6,858</td><td>8,036</td><td>-1,178</td></tr><tr><td>11....</td><td>30,039</td><td>28,178</td><td>1,861</td><td>10....</td><td>19,870</td><td>30,725</td><td>-10,855</td><td>Aug. 6....</td><td>8,093</td><td>6,932</td><td>1,161</td></tr><tr><td>18....</td><td>21,367</td><td>29,874</td><td>-8,507</td><td>17....</td><td>16,998</td><td>16,914</td><td>84</td><td>13....</td><td>6,084</td><td>7,796</td><td>-1,712</td></tr><tr><td>25....</td><td>20,784</td><td>37,180</td><td>-16,396</td><td>24....</td><td>16,284</td><td>20,345</td><td>-4,061</td><td>20....</td><td>3,328</td><td>6,663</td><td>-3,335</td></tr><tr><td>Feb. 1....</td><td>29,450</td><td>36,458</td><td>-7,008</td><td>May 1....</td><td>10,635</td><td>14,832</td><td>-4,197</td><td>27....</td><td>5,336</td><td>7,755</td><td>-2,419</td></tr><tr><td>8....</td><td>28,615</td><td>23,014</td><td>5,601</td><td>8....</td><td>10,392</td><td>15,034</td><td>-4,642</td><td>Sept. 3....</td><td>4,171</td><td>4,952</td><td>-781</td></tr><tr><td>15....</td><td>17,529</td><td>15,519</td><td>2,010</td><td>15....</td><td>16,102</td><td>20,440</td><td>-4,338</td><td></td><td></td><td></td><td></td></tr><tr><td>22....</td><td>16,502</td><td>11,868</td><td>1,634</td><td>22....</td><td>19,019</td><td>23,948</td><td>-4,929</td><td></td><td></td><td></td><td></td></tr><tr><td>Mar. 1....</td><td>22,205</td><td>20,272</td><td>1,933</td><td>29....</td><td>17,043</td><td>24,824</td><td>-7,781</td><td></td><td></td><td></td><td></td></tr><tr><td>8....</td><td>22,675</td><td>25,232</td><td>-2,557</td><td>June 5....</td><td>18,498</td><td>6,067</td><td>12,431</td><td></td><td></td><td></td><td></td></tr><tr><td>15....</td><td>26,725</td><td>27,207</td><td>-482</td><td>12....</td><td>9,678</td><td>6,603</td><td>3,075</td><td></td><td></td><td></td><td></td></tr><tr><td>22....</td><td>24,587</td><td>39,669</td><td>-15,082</td><td>19....</td><td>9,996</td><td>13,029</td><td>-3,033</td><td></td><td></td><td></td><td></td></tr><tr><td>29....</td><td>29,186</td><td>23,209</td><td>6,177</td><td>26....</td><td>5,034</td><td>18,893</td><td>-13,859</td><td></td><td></td><td></td><td></td></tr><tr><td>Apr. 5....</td><td>36,475</td><td>25,365</td><td>11,110</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>12....</td><td>19,977</td><td>17,962</td><td>2,015</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>19....</td><td>21,239</td><td>20,677</td><td>562</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>26....</td><td>19,851</td><td>18,524</td><td>1,32
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
69
70
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers in the United States for August 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:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>11,078</td><td>4,698</td><td>140</td><td>2</td><td>5</td><td>61</td><td>5</td><td>203</td><td>576</td><td>174</td><td>5,864</td><td>1,762</td><td>864</td><td>13</td><td>1,071</td><td>1,084</td><td>1,504</td></tr><tr><td>Aug. 6 Forward</td><td>848</td><td>279</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>279</td><td>308</td><td>-</td><td>21</td><td>240</td><td>261</td><td>-</td></tr><tr><td>Aug. 13 Spot</td><td>10,827</td><td>5,375</td><td>94</td><td>-</td><td>29</td><td>54</td><td>2</td><td>55</td><td>617</td><td>153</td><td>6,379</td><td>1,262</td><td>699</td><td>16</td><td>1,106</td><td>1,122</td><td>1,361</td></tr><tr><td>Aug. 13 Forward</td><td>586</td><td>124</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>132</td><td>223</td><td>59</td><td>21</td><td>151</td><td>172</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>11,006</td><td>4,893</td><td>95</td><td>1</td><td>33</td><td>150</td><td>32</td><td>77</td><td>500</td><td>270</td><td>6,051</td><td>1,393</td><td>690</td><td>14</td><td>1,396</td><td>1,410</td><td>1,462</td></tr><tr><td>Aug. 20 Forward</td><td>1,107</td><td>463</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>468</td><td>457</td><td>59</td><td>21</td><td>161</td><td>182</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>9,180</td><td>4,096</td><td>62</td><td>-</td><td>26</td><td>143</td><td>4</td><td>41</td><td>505</td><td>129</td><td>5,006</td><td>1,007</td><td>774</td><td>-</td><td>1,261</td><td>1,261</td><td>1,132</td></tr><tr><td>Aug. 27 Forward</td><td>861</td><td>455</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>457</td><td>145</td><td>-</td><td>31</td><td>228</td><td>259</td><td>-</td></tr><tr><td>Sept. 3 Spot</td><td>10,851</td><td>5,560</td><td>85</td><td>-</td><td>20</td><td>98</td><td>15</td><td>129</td><td>686</td><td>79</td><td>6,672</td><td>997</td><td>889</td><td>-</td><td>1,279</td><td>1,279</td><td>1,014</td></tr><tr><td>Sept. 3 Forward</td><td>1,223</td><td>522</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>528</td><td>180</td><td>227</td><td>21</td><td>267</td><td>288</td><td>-</td></tr><tr><td>Purchases from banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>7,420</td><td>3,650</td><td>127</td><td>-</td><td>5</td><td>49</td><td>3</td><td>172</td><td>520</td><td>165</td><td>4,691</td><td>757</td><td>764</td><td>-</td><td>1,028</td><td>1,028</td><td>170</td></tr><tr><td>Aug. 6 Forward</td><td>594</td><td>30</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>30</td><td>303</td><td>-</td><td>21</td><td>240</td><td>261</td><td>-</td></tr><tr><td>Aug. 13 Spot</td><td>6,948</td><td>3,632</td><td>73</td><td>-</td><td>29</td><td>54</td><td>1</td><td>48</td><td>548</td><td>149</td><td>4,534</td><td>550</td><td>664</td><td>-</td><td>1,097</td><td>1,097</td><td>103</td></tr><tr><td>Aug. 13 Forward</td><td>476</td><td>76</td><td>8</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>84</td><td>220</td><td>-</td><td>21</td><td>151</td><td>172</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>7,041</td><td>3,321</td><td>66</td><td>-</td><td>33</td><td>52</td><td>9</td><td>66</td><td>477</td><td>255</td><td>4,279</td><td>733</td><td>590</td><td>-</td><td>1,301</td><td>1,301</td><td>138</td></tr><tr><td>Aug. 20 Forward</td><td>694</td><td>20</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>25</td><td>447</td><td>-</td><td>21</td><td>161</td><td>182</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>6,251</td><td>2,821</td><td>32</td><td>-</td><td>26</td><td>49</td><td>29</td><td>29</td><td>495</td><td>125</td><td>3,577</td><td>571</td><td>699</td><td>-</td><td>1,251</td><td>1,251</td><td>153</td></tr><tr><td>Aug. 27 Forward</td><td>498</td><td>150</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>152</td><td>97</td><td>-</td><td>21</td><td>228</td><td>249</td><td>-</td></tr><tr><td>Sept. 3 Spot</td><td>7,004</td><td>3,502</td><td>70</td><td>-</td><td>19</td><td>36</td><td>13</td><td>126</td><td>682</td><td>76</td><td>4,524</td><td>423</td><td>749</td><td>-</td><td>1,231</td><td>1,231</td><td>77</td></tr><tr><td>Sept. 3 Forward</td><td>527</td><td>41</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>6</td><td>-</td><td>47</td><td>180</td><td>12</td><td>21</td><td>267</td><td>288</td><td>-</td></tr><tr><td>Purchases from customers other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>3,658</td><td>1,048</td><td>13</td><td>2</td><td>-</td><td>12</td><td>2</td><td>31</td><td>56</td><td>9</td><td>1,173</td><td>995</td><td>100</td><td>13</td><td>43</td><td>56</td><td>1,334</td></tr><tr><td>Aug. 6 Forward</td><td>254</td><td>249</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>249</td><td>5</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13 Spot</td><td>3,879</td><td>1,743</td><td>21</td><td>-</td><td>-</td><td>-</td><td>1</td><td>7</td><td>69</td><td>4</td><td>1,845</td><td>712</td><td>35</td><td>16</td><td>9</td><td>25</td><td>1,262</td></tr><tr><td>Aug. 13 Forward</td><td>110</td><td>48</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td><td>3</td><td>59</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>3,965</td><td>1,572</td><td>29</td><td>1</td><td>-</td><td>98</td><td>23</td><td>11</td><td>23</td><td>15</td><td>1,772</td><td>660</td><td>100</td><td>14</td><td>95</td><td>109</td><td>1,324</td></tr><tr><td>Aug. 20 Forward</td><td>453</td><td>443</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>443</td><td>10</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>2,929</td><td>1,275</td><td>30</td><td>-</td><td>-</td><td>94</td><td>4</td><td>12</td><td>10</td><td>4</td><td>1,429</td><td>436</td><td>75</td><td>-</td><td>10</td><td>10</td><td>979</td></tr><tr><td>Aug. 27 Forward</td><td>363</td><td>305</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>305</td><td>48</td><td>-</td><td>10</td><td>10</td><td>10</td><td>-</td></tr><tr><td>Sept. 3 Spot</td><td>3,847</td><td>2,058</td><td>15</td><td>-</td><td>1</td><td>62</td><td>2</td><td>3</td><td>4</td><td>3</td><td>2,148</td><td>574</td><td>140</td><td>-</td><td>48</td><td>48</td><td>937</td></tr><tr><td>Sept. 3 Forward</td><td>696</td><td>481</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>481</td><td>-</td><td>215</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>TOTAL SALES:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>11,450</td><td>5,369</td><td>92</td><td>-</td><td>7</td><td>58</td><td>6</td><td>188</td><td>653</td><td>163</td><td>6,536</td><td>1,791</td><td>809</td><td>27</td><td>1,370</td><td>1,397</td><td>917</td></tr><tr><td>Aug. 6 Forward</td><td>640</td><td>281</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>281</td><td>355</td><td>-</td><td>-</td><td>4</td><td>4</td><td>1</td></tr><tr><td>Aug. 13 Spot</td><td>10,426</td><td>5,775</td><td>93</td><td>1</td><td>38</td><td>61</td><td>1</td><td>55</td><td>549</td><td>160</td><td>6,733</td><td>1,281</td><td>541</td><td>23</td><td>1,254</td><td>1,277</td><td>594</td></tr><tr><td>Aug. 13 Forward</td><td>540</td><td>242</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>242</td><td>231</td><td>59</td><td>-</td><td>8</td><td>8</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>10,887</td><td>5,233</td><td>92</td><td>-</td><td>44</td><td>160</td><td>-</td><td>83</td><td>447</td><td>270</td><td>6,329</td><td>1,445</td><td>720</td><td>17</td><td>1,463</td><td>1,480</td><td>913</td></tr><tr><td>Aug. 20 Forward</td><td>1,070</td><td>562</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>606</td><td>452</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>9,810</td><td>5,089</td><td>67</td><td>1</td><td>34</td><td>149</td><td>1</td><td>26</td><td>433</td><td>139</td><td>5,939</td><td>1,116</td><td>592</td><td>48</td><td>1,522</td><td>1,570</td><td>593</td></tr><tr><td>Aug. 27 Forward</td><td>535</td><td>302</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>302</td><td>109</td><td>32</td><td>4</td><td>88</td><td>92</td><td>-</td></tr><tr><td>Sept. 3 Spot</td><td>10,979</td><td>5,685</td><td>64</td><td>3</td><td>24</td><td>105</td><td>3</td><td>112</td><td>698</td><td>81</td><td>6,775</td><td>1,170</td><td>806</td><td>87</td><td>1,543</td><td>1,630</td><td>598</td></tr><tr><td>Sept. 3 Forward</td><td>596</td><td>152</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>152</td><td>191</td><td>215</td><td>-</td><td>38</td><td>38</td><td>-</td></tr><tr><td>Sales to banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>5,261</td><td>2,577</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>142</td><td>158</td><td>21</td><td>2,912</td><td>857</td><td>323</td><td>-</td><td>385</td><td>385</td><td>784</td></tr><tr><td>Aug. 6 Forward</td><td>405</td><td>248</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>248</td><td>153</td><td>-</td><td>-</td><td>4</td><td>4</td><td>-</td></tr><tr><td>Aug. 13 Spot</td><td>3,386</td><td>1,836</td><td>14</td><td>-</td><td>-</td><td>-</td><td>-</td><td>48</td><td>107</td><td>23</td><td>2,028</td><td>538</td><td>182</td><td>-</td><td>177</td><td>177</td><td>141</td></tr><tr><td>Aug. 13 Forward</td><td>269</td><td>179</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>179</td><td>28</td><td>59</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>3,782</td><td>1,932</td><td>24</td><td>-</td><td>-</td><td>2</td><td>-</td><td>24</td><td>116</td><td>8</td><td>2,106</td><td>555</td><td>255</td><td>6</td><td>138</td><td>144</td><td>722</td></tr><tr><td>Aug. 20 Forward</td><td>631</td><td>538</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>44</td><td>-</td><td>582</td><td>37</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>3,225</td><td>1,696</td><td>16</td><td>-</td><td>-</td><td>-</td><td>1</td><td>15</td><td>277</td><td>15</td><td>2,020</td><td>383</td><td>265</td><td>-</td><td>104</td><td>104</td><td>453</td></tr><tr><td>Aug. 27 Forward</td><td>222</td><td>135</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>135</td><td>24</td><td>25</td><td>-</td><td>38</td><td>38</td><td>-</td></tr><tr><td>Sept. 3 Spot</td><td>3,689</td><td>2,015</td><td>16</td><td>3</td><td>-</td><td>-</td><td>2</td><td>53</td><td>171</td><td>20</td><td>2,280</td><td>456</td><td>277</td><td>-</td><td>154</td><td>154</td><td>522</td></tr><tr><td>Sept. 3 Forward</td><td>374</td><td>110</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>110</td><td>11</td><td>215</td><td>-</td><td>38</td><td>38</td><td>-</td></tr><tr><td>Sales to customers other than banks:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6 Spot</td><td>6,189</td><td>2,792</td><td>78</td><td>-</td><td>7</td><td>58</td><td>6</td><td>46</td><td>495</td><td>142</td><td>3,624</td><td>934</td><td>486</td><td>27</td><td>985</td><td>1,012</td><td>133</td></tr><tr><td>Aug. 6 Forward</td><td>235</td><td>33</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>33</td><td>202</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 13 Spot</td><td>7,040</td><td>3,939</td><td>79</td><td>1</td><td>38</td><td>61</td><td>1</td><td>7</td><td>442</td><td>137</td><td>4,705</td><td>743</td><td>359</td><td>23</td><td>1,077</td><td>1,100</td><td>133</td></tr><tr><td>Aug. 13 Forward</td><td>271</td><td>63</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>63</td><td>203</td><td>-</td><td>-</td><td>5</td><td>5</td><td>-</td></tr><tr><td>Aug. 20 Spot</td><td>7,105</td><td>3,301</td><td>68</td><td>-</td><td>44</td><td>158</td><td>-</td><td>59</td><td>331</td><td>262</td><td>4,223</td><td>890</td><td>465</td><td>11</td><td>1,325</td><td>1,336</td><td>191</td></tr><tr><td>Aug. 20 Forward</td><td>439</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>24</td><td>415</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Aug. 27 Spot</td><td>6,585</td><td>3,393</td><td>51</td><td>1</td><td>34</td><td>149</td><td>-</td><td>11</td><td>156</td><td>124</td><td>3,919</td><td>733</td><td>327</td><td>48</td><td>1,418</td><td>1,466</td><td>140</td></tr><tr><td>Aug. 27 Forward</td><td>313</td><td>1
71
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during August 1941
(in thousands of dollars)
<table><tr><th>Contracts as of following dates</th><th>Grand total</th><th>United Kingdom</th><th>France</th><th>Belgium</th><th>Germany</th><th>Italy</th><th>Netherlands</th><th>Sweden</th><th>Switzerland</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latin America</th><th>Japan, Korea and Manchuria</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>TOTAL PURCHASE CONTRACTS:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Aug. 6</td><td>17,564</td><td>8,179</td><td>18</td><td>519</td><td>-</td><td>-</td><td>458</td><td>-</td><td>114</td><td>4</td><td>9,292</td><td>3,749</td><td>1,548</td><td>1,975</td><td>1,000</td><td>2,975</td><td>-</td></tr><tr><td>Aug. 13</td><td>17,828</td><td>8,237</td><td>26</td><td>519</td><td>-</td><td>-</td><td>458</td><td>-</td><td>104</td><td>4</td><td>9,348</td><td>3,769</td><td>1,548</td><td>1,977</td><td>1,186</td><td>3,163</td><td>-</td></tr><tr><td>Aug. 20</td><td>17,354</td><td>7,865</td><td>18</td><td>519</td><td>-</td><td>-</td><td>458</td><td>-</td><td>104</td><td>4</td><td>8,968</td><td>3,884</td><td>1,540</td><td>1,706</td><td>1,256</td><td>2,962</td><td>-</td></tr><tr><td>Aug. 27</td><td>17,537</td><td>7,946</td><td>18</td><td>519</td><td>-</td><td>-</td><td>458</td><td>-</td><td>104</td><td>1</td><td>9,046</td><td>3,971</td><td>1,540</td><td>1,529</td><td>1,451</td><td>2,980</td><td>-</td></tr><tr><td>Sept. 3</td><td>16,719</td><td>7,621</td><td>18</td><td>519</td><td>-</td><td>-</td><td>458</td><td>-</td><td>110</td><td>3</td><td>8,729</td><td>4,012</td><td>1,550</td><td>1,501</td><td>927</td><td>2,428</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>Aug. 6</td><td>10,466</td><td>2,894</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>114</td><td>-</td><td>3,523</td><td>3,202</td><td>1,115</td><td>1,630</td><td>996</td><td>2,626</td><td>-</td></tr><tr><td>Aug. 13</td><td>10,719</td><td>2,853</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>104</td><td>-</td><td>3,472</td><td>3,320</td><td>1,115</td><td>1,630</td><td>1,182</td><td>2,812</td><td>-</td></tr><tr><td>Aug. 20</td><td>10,609</td><td>2,870</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>104</td><td>-</td><td>3,489</td><td>3,424</td><td>1,115</td><td>1,359</td><td>1,222</td><td>2,581</td><td>-</td></tr><tr><td>Aug. 27</td><td>10,629</td><td>2,655</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>104</td><td>-</td><td>3,274</td><td>3,460</td><td>1,115</td><td>1,371</td><td>1,409</td><td>2,780</td><td>-</td></tr><tr><td>Sept. 3</td><td>9,972</td><td>2,545</td><td>-</td><td>297</td><td>-</td><td>-</td><td>218</td><td>-</td><td>104</td><td>-</td><td>3,164</td><td>3,491</td><td>1,127</td><td>1,343</td><td>847</td><td>2,190</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>Aug. 6</td><td>7,098</td><td>5,285</td><td>18</td><td>222</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>4</td><td>5,769</td><td>547</td><td>433</td><td>345</td><td>4</td><td>349</td><td>-</td></tr><tr><td>Aug. 13</td><td>7,109</td><td>5,384</td><td>26</td><td>222</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>4</td><td>5,876</td><td>449</td><td>433</td><td>347</td><td>4</td><td>351</td><td>-</td></tr><tr><td>Aug. 20</td><td>6,715</td><td>4,995</td><td>18</td><td>222</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>4</td><td>5,479</td><td>460</td><td>425</td><td>347</td><td>34</td><td>381</td><td>-</td></tr><tr><td>Aug. 27</td><td>6,908</td><td>5,291</td><td>18</td><td>222</td><td>-</td><td>-</td><td>240</td><td>-</td><td>-</td><td>1</td><td>5,772</td><td>511</td><td>425</td><td>158</td><td>42</td><td>200</td><td>-</td></tr><tr><td>Sept. 3</td><td>6,747</td><td>5,076</td><td>18</td><td>222</td><td>-</td><td>-</td><td>240</td><td>-</td><td>6</td><td>3</td><td>5,565</td><td>521</td><td>423</td><td>158</td><td>80</td><td>238</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>Aug. 6</td><td>16,764</td><td>8,525</td><td>20</td><td>682</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>-</td><td>2</td><td>10,459</td><td>3,890</td><td>1,252</td><td>1,014</td><td>133</td><td>1,147</td><td>16</td></tr><tr><td>Aug. 13</td><td>16,652</td><td>8,413</td><td>20</td><td>682</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>-</td><td>2</td><td>10,347</td><td>3,924</td><td>1,253</td><td>921</td><td>191</td><td>1,112</td><td>16</td></tr><tr><td>Aug. 20</td><td>16,414</td><td>8,337</td><td>21</td><td>681</td><td>-</td><td>10</td><td>1,206</td><td>14</td><td>44</td><td>6</td><td>10,319</td><td>4,021</td><td>1,222</td><td>680</td><td>165</td><td>845</td><td>7</td></tr><tr><td>Aug. 27</td><td>15,976</td><td>8,131</td><td>17</td><td>681</td><td>-</td><td>10</td><td>1,206</td><td>-</td><td>45</td><td>2</td><td>10,092</td><td>4,025</td><td>1,229</td><td>472</td><td>151</td><td>623</td><td>7</td></tr><tr><td>Sept. 3</td><td>15,737</td><td>7,631</td><td>17</td><td>681</td><td>-</td><td>10</td><td>1,206</td><td>-</td><td>45</td><td>2</td><td>9,592</td><td>4,080</td><td>1,215</td><td>670</td><td>173</td><td>843</td><td>7</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>Aug. 6</td><td>8,223</td><td>5,272</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>6,634</td><td>2</td><td>1,186</td><td>397</td><td>4</td><td>401</td><td>-</td></tr><tr><td>Aug. 13</td><td>7,956</td><td>5,079</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>-</td><td>-</td><td>6,441</td><td>2</td><td>1,187</td><td>320</td><td>6</td><td>326</td><td>-</td></tr><tr><td>Aug. 20</td><td>7,839</td><td>5,131</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>14</td><td>44</td><td>-</td><td>6,537</td><td>-</td><td>1,156</td><td>110</td><td>36</td><td>146</td><td>-</td></tr><tr><td>Aug. 27</td><td>7,913</td><td>5,258</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>-</td><td>45</td><td>-</td><td>6,651</td><td>2</td><td>1,156</td><td>100</td><td>4</td><td>104</td><td>-</td></tr><tr><td>Sept. 3</td><td>7,938</td><td>5,050</td><td>-</td><td>610</td><td>-</td><td>-</td><td>738</td><td>-</td><td>45</td><td>-</td><td>6,443</td><td>2</td><td>1,142</td><td>348</td><td>3</td><td>351</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>Aug. 6</td><td>8,541</td><td>3,253</td><td>20</td><td>72</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>3,825</td><td>3,888</td><td>66</td><td>617</td><td>129</td><td>746</td><td>16</td></tr><tr><td>Aug. 13</td><td>8,696</td><td>3,334</td><td>20</td><td>72</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>3,906</td><td>3,922</td><td>66</td><td>601</td><td>185</td><td>786</td><td>16</td></tr><tr><td>Aug. 20</td><td>8,575</td><td>3,206</td><td>21</td><td>71</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>6</td><td>3,782</td><td>4,021</td><td>66</td><td>570</td><td>129</td><td>699</td><td>7</td></tr><tr><td>Aug. 27</td><td>8,063</td><td>2,873</td><td>17</td><td>71</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>3,441</td><td>4,023</td><td>73</td><td>372</td><td>147</td><td>519</td><td>7</td></tr><tr><td>Sept. 3</td><td>7,799</td><td>2,581</td><td>17</td><td>71</td><td>-</td><td>10</td><td>468</td><td>-</td><td>-</td><td>2</td><td>3,149</td><td>4,078</td><td>73</td><td>322</td><td>170</td><td>492</td><td>7</td></tr></table>
Net Position in Foreign Currencies of Reporting Banks and Bankers in the United States for August 1941
In thousands of dollars. Long position or short position (-)
<table><tr><th rowspan="2">Position as of following dates</th><th colspan="14">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>Switzer-land</th><th>Other Europe</th><th>Total Europe</th><th>Canada</th><th>Latia America</th><th>Japan, Korea and Manchurie</th><th>Other Asia</th><th>Total Asia</th><th>All other</th></tr><tr><td>Aug. 6</td><td>-4,835</td><td>-24</td><td>-428</td><td>-620</td><td>-26</td><td>-129</td><td>-1,463</td><td>-5</td><td>-38</td><td>-251</td><td>-2,984</td><td>574</td><td>-155</td><td>-105</td><td>-2,082</td><td>-2,187</td><td>-83</td></tr><tr><td>Aug. 13</td><td>-4,388</td><td>80</td><td>-420</td><td>-527</td><td>-35</td><td>-131</td><td>-1,461</td><td>-3</td><td>34</td><td>-253</td><td>-2,816</td><td>559</td><td>17</td><td>-111</td><td>-2,074</td><td>-2,185</td><td>37</td></tr><tr><td>Aug. 20</td><td>-4,099</td><td>409</td><td>-411</td><td>-625</td><td>-46</td><td>-136</td><td>-1,427</td><td>-13</td><td>48</td><td>-252</td><td>-2,453</td><td>480</td><td>-47</td><td>-133</td><td>-1,955</td><td>-2,088</td><td>9</td></tr><tr><td>Aug. 27</td><td>-4,382</td><td>95</td><td>-410</td><td>-626</td><td>-52</td><td>-144</td><td>-1,425</td><td>3</td><td>119</td><td>-259</td><td>-2,699</td><td>416</td><td>99</td><td>-175</td><td>-2,064</td><td>-2,239</td><td>41</td></tr><tr><td>Sept. 3</td><td>-3,924</td><td>631</td><td>-393</td><td>-620</td><td>-56</td><td>-148</td><td>-1,421</td><td>19</td><td>112</td><td>-263</td><td>-2,139</td><td>284</td><td>184</td><td>-258</td><td>-2,083</td><td>-2,341</td><td>88</td></tr></table>
72
Revisions - Security Transactions as Reported by Banks, Bankers, Brokers and Dealers in the United States for the period February 22, 1940 through May 14, 1941
The following table contains revisions which it has been necessary to make in the statistics on capital movements between the United States and foreign countries for the period February 22, 1940 through May 14, 1941. These revisions were made necessary by the acquisition of more complete information concerning security transactions between this country and the United Kingdom, as was indicated in the "Treasury Bulletin" for September 1941, page 49.
(In thousands of dollars)
<table><tr><th rowspan="2">Transactions during weak ended:</th><th colspan="3">Total</th><th colspan="3">Domestic securities</th><th colspan="3">Foreign securities</th></tr><tr><th>Grand total</th><th>United Kingdom</th><th>Total Europe</th><th>Grand total</th><th>United Kingdom</th><th>Total Europe</th><th>Grand total</th><th>United Kingdom</th><th>Total Europe</th></tr><tr><td>1940-Feb. 28.</td><td>14,289</td><td>4,023</td><td>8,742</td><td>8,386</td><td>3,451</td><td>6,170</td><td>4,223</td><td>162</td><td>1,446</td><td>1,680</td><td>410</td><td>1,126</td></tr><tr><td>Mar. 6.</td><td>17,253</td><td>6,018</td><td>10,252</td><td>9,048</td><td>5,417</td><td>7,190</td><td>5,648</td><td>312</td><td>1,677</td><td>2,557</td><td>289</td><td>1,385</td></tr><tr><td>13.</td><td>21,381</td><td>9,312</td><td>13,723</td><td>14,324</td><td>8,545</td><td>10,945</td><td>4,376</td><td>195</td><td>1,263</td><td>2,681</td><td>572</td><td>1,515</td></tr><tr><td>20.</td><td>17,112</td><td>6,926</td><td>12,230</td><td>12,217</td><td>6,245</td><td>9,377</td><td>2,163</td><td>305</td><td>1,105</td><td>2,732</td><td>376</td><td>1,548</td></tr><tr><td>27.</td><td>12,966</td><td>5,330</td><td>9,623</td><td>7,966</td><td>4,563</td><td>5,993</td><td>3,199</td><td>492</td><td>2,540</td><td>1,801</td><td>275</td><td>1,090</td></tr><tr><td>Apr. 3.</td><td>23,970</td><td>10,370</td><td>17,880</td><td>17,260</td><td>9,548</td><td>13,234</td><td>4,022</td><td>550</td><td>3,134</td><td>2,688</td><td>272</td><td>1,512</td></tr><tr><td>10.</td><td>33,306</td><td>14,642</td><td>22,520</td><td>25,602</td><td>14,006</td><td>20,100</td><td>4,190</td><td>395</td><td>1,031</td><td>3,514</td><td>241</td><td>1,389</td></tr><tr><td>17.</td><td>18,090</td><td>5,805</td><td>12,888</td><td>14,496</td><td>5,315</td><td>10,699</td><td>1,884</td><td>209</td><td>982</td><td>1,710</td><td>281</td><td>1,207</td></tr><tr><td>24.</td><td>21,418</td><td>5,163</td><td>12,999</td><td>17,269</td><td>4,754</td><td>10,208</td><td>2,665</td><td>278</td><td>1,978</td><td>1,484</td><td>131</td><td>813</td></tr><tr><td>May 1.</td><td>15,849</td><td>6,622</td><td>12,020</td><td>12,285</td><td>5,726</td><td>9,779</td><td>2,136</td><td>668</td><td>1,329</td><td>1,428</td><td>228</td><td>912</td></tr><tr><td>8.</td><td>16,750</td><td>5,757</td><td>10,155</td><td>12,599</td><td>5,097</td><td>8,243</td><td>2,035</td><td>236</td><td>789</td><td>2,116</td><td>424</td><td>1,123</td></tr><tr><td>15.</td><td>22,339</td><td>7,660</td><td>13,764</td><td>16,615</td><td>6,627</td><td>10,399</td><td>3,588</td><td>909</td><td>2,174</td><td>2,136</td><td>124</td><td>1,191</td></tr><tr><td>22.</td><td>25,830</td><td>2,731</td><td>9,385</td><td>20,675</td><td>2,169</td><td>7,722</td><td>3,286</td><td>476</td><td>1,002</td><td>1,909</td><td>86</td><td>661</td></tr><tr><td>29.</td><td>25,651</td><td>2,045</td><td>5,409</td><td>9,747</td><td>707</td><td>3,211</td><td>14,883</td><td>1,280</td><td>1,774</td><td>1,021</td><td>58</td><td>424</td></tr><tr><td>June 5.</td><td>6,946</td><td>926</td><td>3,317</td><td>3,817</td><td>193</td><td>1,882</td><td>2,172</td><td>278</td><td>1,050</td><td>958</td><td>155</td><td>385</td></tr><tr><td>12.</td><td>7,223</td><td>1,067</td><td>3,288</td><td>3,656</td><td>507</td><td>1,609</td><td>2,911</td><td>521</td><td>1,432</td><td>656</td><td>39</td><td>247</td></tr><tr><td>19.</td><td>14,221</td><td>1,573</td><td>4,425</td><td>6,062</td><td>730</td><td>2,558</td><td>6,947</td><td>429</td><td>1,200</td><td>1,212</td><td>414</td><td>667</td></tr><tr><td>26.</td><td>19,488</td><td>2,806</td><td>5,231</td><td>5,227</td><td>1,796</td><td>3,462</td><td>13,643</td><td>987</td><td>1,477</td><td>618</td><td>23</td><td>295</td></tr><tr><td>July 3.</td><td>16,006</td><td>770</td><td>2,844</td><td>3,644</td><td>303</td><td>1,769</td><td>11,314</td><td>359</td><td>859</td><td>1,048</td><td>108</td><td>216</td></tr><tr><td>10.</td><td>12,118</td><td>988</td><td>2,730</td><td>2,785</td><td>191</td><td>1,597</td><td>8,593</td><td>414</td><td>852</td><td>1,140</td><td>83</td><td>281</td></tr><tr><td>17.</td><td>13,816</td><td>643</td><td>2,988</td><td>2,381</td><td>145</td><td>913</td><td>10,605</td><td>292</td><td>1,696</td><td>830</td><td>206</td><td>377</td></tr><tr><td>24.</td><td>7,774</td><td>179</td><td>2,871</td><td>3,148</td><td>386</td><td>1,282</td><td>4,146</td><td>312</td><td>1,364</td><td>480</td><td>81</td><td>225</td></tr><tr><td>31.</td><td>8,351</td><td>1,417</td><td>3,928</td><td>2,925</td><td>841</td><td>1,757</td><td>4,726</td><td>440</td><td>1,972</td><td>700</td><td>136</td><td>199</td></tr><tr><td>Aug. 7.</td><td>7,226</td><td>1,384</td><td>3,880</td><td>3,580</td><td>1,065</td><td>1,861</td><td>2,987</td><td>224</td><td>1,711</td><td>659</td><td>95</td><td>308</td></tr><tr><td>14.</td><td>18,702</td><td>2,909</td><td>7,940</td><td>3,808</td><td>1,394</td><td>2,541</td><td>14,183</td><td>1,396</td><td>5,115</td><td>711</td><td>119</td><td>284</td></tr><tr><td>21.</td><td>5,760</td><td>1,131</td><td>3,792</td><td>2,594</td><td>362</td><td>1,735</td><td>2,263</td><td>577</td><td>1,556</td><td>903</td><td>192</td><td>501</td></tr><tr><td>28.</td><td>7,960</td><td>824</td><td>3,173</td><td>2,285</td><td>472</td><td>1,540</td><td>4,885</td><td>270</td><td>1,222</td><td>790</td><td>82</td><td>411</td></tr><tr><td>Sept. 4.</td><td>6,896</td><td>981</td><td>3,493</td><td>3,277</td><td>437</td><td>1,817</td><td>2,483</td><td>412</td><td>1,050</td><td>1,136</td><td>132</td><td>626</td></tr><tr><td>11.</td><td>12,405</td><td>3,447</td><td>6,204</td><td>7,922</td><td>2,568</td><td>4,199</td><td>3,355</td><td>730</td><td>1,605</td><td>1,128</td><td>149</td><td>400</td></tr><tr><td>18.</td><td>7,673</td><td>1,224</td><td>4,371</td><td>5,344</td><td>1,001</td><td>3,621</td><td>1,707</td><td>184</td><td>505</td><td>622</td><td>39</td><td>205</td></tr><tr><td>25.</td><td>23,712</td><td>2,456</td><td>5,376</td><td>6,501</td><td>2,176</td><td>4,365</td><td>16,421</td><td>208</td><td>631</td><td>800</td><td>72</td><td>382</td></tr><tr><td>Oct. 2.</td><td>14,970</td><td>2,790</td><td>7,530</td><td>7,529</td><td>2,232</td><td>5,753</td><td>6,515</td><td>386</td><td>1,711</td><td>926</td><td>172</td><td>466</td></tr><tr><td>9.</td><td>12,768</td><td>2,602</td><td>8,437</td><td>8,928</td><td>2,071</td><td>6,333</td><td>3,070</td><td>369</td><td>1,638</td><td>770</td><td>162</td><td>466</td></tr><tr><td>16.</td><td>16,046</td><td>2,372</td><td>12,882</td><td>8,329</td><td>1,949</td><td>6,175</td><td>6,802</td><td>306</td><td>6,092</td><td>915</td><td>117</td><td>615</td></tr><tr><td>23.</td><td>17,371</td><td>2,330</td><td>11,813</td><td>9,438</td><td>2,041</td><td>5,307</td><td>6,877</td><td>148</td><td>5,194</td><td>1,056</td><td>138</td><td>712</td></tr><tr><td>30.</td><td>16,199</td><td>2,782</td><td>10,594</td><td>10,065</td><td>2,604</td><td>6,981</td><td>5,223</td><td>142</td><td>3,066</td><td>911</td><td>36</td><td>547</td></tr><tr><td>Nov. 6.</td><td>19,565</td><td>5,640</td><td>10,583</td><td>12,404</td><td>5,382</td><td>7,911</td><td>6,167</td><td>229</td><td>2,844</td><td>994</td><td>29</td><td>228</td></tr><tr><td>13.</td><td>19,379</td><td>4,795</td><td>12,571</td><td>10,737</td><td>4,502</td><td>6,835</td><td>8,063</td><td>215</td><td>5,466</td><td>579</td><td>78</td><td>270</td></tr><tr><td>20.</td><td>19,469</td><td>5,669</td><td>9,752</td><td>14,174</td><td>5,391</td><td>7,733</td><td>4,299</td><td>150</td><td>1,688</td><td>996</td><td>128</td><td>331</td></tr><tr><td>27.</td><td>17,282</td><td>4,904</td><td>12,975</td><td>8,874</td><td>4,541</td><td>6,466</td><td>7,705</td><td>329</td><td>6,142</td><td>703</td><td>124</td><td>367</td></tr><tr><td>Dec. 4.</td><td>12,475</td><td>3,356</td><td>5,858</td><td>7,233</td><td>2,855</td><td>4,188</td><td>4,583</td><td>192</td><td>1,219</td><td>659</td><td>309</td><td>451</td></tr><tr><td>11.</td><td>10,834</td><td>4,794</td><td>6,617</td><td>6,277</td><td>3,398</td><td>4,415</td><td>3,346</td><td>1,243</td><td>1,880</td><td>1,211</td><td>153</td><td>322</td></tr><tr><td>18.</td><td>18,251</td><td>5,863</td><td>12,843</td><td>7,942</td><td>5,174</td><td>6,311</td><td>9,609</td><td>282</td><td>6,183</td><td>700</td><td>207</td><td>349</td></tr><tr><td>24.</td><td>17,097</td><td>8,504</td><td>14,510</td><td>10,028</td><td>8,091</td><td>8,868</td><td>6,221</td><td>53</td><td>5,196</td><td>848</td><td>360</td><td>446</td></tr><tr><td>31.</td><td>14,479</td><td>7,526</td><td>11,589</td><td>9,624</td><td>7,411</td><td>7,920</td><td>3,790</td><td>50</td><td>3,479</td><td>1,065</td><td>65</td><td>190</td></tr><tr><td>1941-Jan. 8.</td><td>24,617</td><td>12,828</td><td>15,119</td><td>15,758</td><td>12,417</td><td>13,750</td><td>7,445</td><td>267</td><td>1,535</td><td>1,414</td><td>144</td><td>264</td></tr><tr><td>15.</td><td>32,417</td><td>20,573</td><td>25,469</td><td>24,755</td><td>20,092</td><td>21,758</td><td>6,682</td><td>420</td><td>3,546</td><td>980</td><td>61</td><td>185</td></tr><tr><td>22.</td><td>21,255</td><td>10,721</td><td>14,732</td><td>13,203</td><td>7,115</td><td>9,103</td><td>7,442</td><td>3,492</td><td>5,419</td><td>610</td><td>114</td><td>210</td></tr><tr><td>29.</td><td>26,534</td><td>12,426</td><td>21,189</td><td>16,477</td><td>8,667</td><td>13,976</td><td>9,001</td><td>3,655</td><td>6,782</td><td>1,056</td><td>104</td><td>431</td></tr><tr><td>Feb. 5.</td><td>22,325</td><td>9,228</td><td>15,032</td><td>13,275</td><td>7,061</td><td>9,987</td><td>7,435</td><td>2,061</td><td>4,561</td><td>1,615</td><td>106</td><td>484</td></tr><tr><td>12.</td><td>12,558</td><td>5,418</td><td>6,782</td><td>6,754</td><td>3,487</td><td>4,289</td><td>5,173</td><td>1,908</td><td>2,346</td><td>631</td><td>23</td><td>147</td></tr><tr><td>19.</td><td>15,554</td><td>7,138</td><td>9,868</td><td>5,932</td><td>4,739</td><td>6,715</td><td>4,727</td><td>2,286</td><td>2,729</td><td>895</td><td>113</td><td>424</td></tr><tr><td>26.</td><td>15,713</td><td>5,416</td><td>7,987</td><td>8,224</td><td>3,887</td><td>4,956</td><td>6,948</td><td>1,477</td><td>2,765</td><td>541</td><td>52</td><td>266</td></tr><tr><td>Mar. 5.</td><td>25,837</td><td>19,198</td><td>21,233</td><td>20,853</td><td>17,809</td><td>19,364</td><td>4,347</td><td>1,306</td><td>1,628</td><td>637</td><td>83</td><td>281</td></tr><tr><td>12.</td><td>21,507</td><td>12,750</td><td>15,377</td><td>15,975</td><td>11,288</td><td>13,007</td><td>4,637</td><td>2,354</td><td>1,931</td><td>895</td><td>108</td><td>413</td></tr><tr><td>19.</td><td>26,148</td><td>14,467</td><td>16,894</td><td>17,018</td><td>12,050</td><td>13,773</td><td>8,442</td><td>2,149</td><td>2,800</td><td>688</td><td>268</td><td>755</td></tr><tr><td>26.</td><td>22,351</td><td>11,903</td><td>13,911</td><td>12,074</td><td>8,091</td><td>9,206</td><td>9,624</td><td>3,584</td><td>4,249</td><td>653</td><td>228</td><td>456</td></tr><tr><td>Apr. 2.</td><td>26,984</td><td>13,571</td><td>16,508</td><td>16,791</td><td>13,135</td><td>15,324</td><td>5,425</td><td>234</td><td>787</td><td>4,768</td><td>202</td><td>797</td></tr><tr><td>9.</td><td>15,029</td><td>6,943</td><td>8,653</td><td>9,535</td><td>6,443</td><td>7,353</td><td>3,052</td><td>282</td><td>958</td><td>2,442</td><td>218</td><td>342</td></tr><tr><td>16.</td><td>7,375</td><td>1,852</td><td>3,582</td><td>4,437</td><td>1,655</td><td>2,631</td><td>2,174</td><td>174</td><td>846</td><td>764</td><td>23</td><td>103</td></tr><tr><td>23.</td><td>11,473</td><td>1,584</td><td>3,465</td><td>5,704</td><td>1,173</td><td>2,355</td><td>5,144</td><td>148</td><td>745</td><td>725</td><td>263</td><td>365</td></tr><tr><td>30.</td><td>10,797</td><td>4,483</td><td>6,521</td><td>6,146</td><td>3,647</td><td>4,895</td><td>7,562</td><td>716</td><td>1,754</td><td>1,089</td><td>120</td><td>272</td></tr><tr><td>May 7.</td><td>18,663</td><td>7,860</td><td>10,320</td><td>10,612</td><td>6,448</td><td>7,998</td><td>4,022</td><td>1,256</td><td>2,007</td><td>4,029</td><td>156</td><td>715</td></tr><tr><td>14.</td><td>26,712</td><td>15,751</td><td>21,501</td><td>20,621</td><td>13,239</td><td>17,876</td><td>5,034</td><td>2,358</td><td>3,201</td><td>1,057</td><td>154</td><td>4
GOLD AND SILVER STATISTICS
-73-
74
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Gold Assets</th><th>Gold Certificates 1/</th><th>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>19,825.4</td><td>156.0</td><td>1,800.0</td><td>213.2</td></tr><tr><td>1940-October</td><td>21,505.5</td><td>19,354.5</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>22,211.2</td><td>20,094.7</td><td>156.0</td><td>1,800.0</td><td>180.4</td></tr><tr><td>March</td><td>22,367.0</td><td>20,175.9</td><td>156.0</td><td>1,800.0</td><td>235.0</td></tr><tr><td>April</td><td>22,505.3</td><td>20,267.4</td><td>156.0</td><td>1,800.0</td><td>281.9</td></tr><tr><td>May</td><td>22,574.9</td><td>20,387.8</td><td>156.0</td><td>1,800.0</td><td>231.1</td></tr><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><tr><td>July</td><td>22,674.4</td><td>20,379.7</td><td>156.0</td><td>1,800.0</td><td>338.6</td></tr><tr><td>August</td><td>22,718.7</td><td>20,376.4</td><td>156.0</td><td>1,800.0</td><td>386.2</td></tr><tr><td>September</td><td>22,760.5</td><td>20,522.6</td><td>156.0</td><td>1,800.0</td><td>281.9</td></tr><tr><td>October</td><td>22,799.5</td><td>20,633.2</td><td>156.0</td><td>1,800.0</td><td>210.2</td></tr></table>
Source: Daily Treasury Statements.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve Banks; and (2) gold certificate credits in (a) the Gold Certificate Fund - Board of Governors, Federal Reserve System, and (b) the Redemption Fund - Federal Reserve notes.
2/ Reserve against United States notes and Treasury notes of 1890.
3/ Excludes gold in active portion of Stabilization Fund.
Net Movement of Gold to and from the United States
(In millions of dollars at $35 per fine ounce)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>France</th><th>Nether-lande</th><th>Swit-zerland</th><th>Canada</th><th>Mexico</th><th>Japan</th><th>Bel-gium</th><th>British India</th><th>Aus-tra-lia</th><th>Philip-pine Ielande</th><th>Co-lombe</th><th>Chile</th><th>Peru</th><th>China 1/</th><th>All other</th><th>Total net import or net export (-)</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>94.5</td><td>111.5</td><td>38.5</td><td>246.5</td><td>90.9</td><td>50.3</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>33.5</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-October</td><td>1.7</td><td>-</td><td>-</td><td>-</td><td>222.7</td><td>1.5</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>.1</td><td>13.3</td><td>-</td><td>7.4</td><td>15.0</td><td>3.3</td><td>2.8</td><td>1.1</td><td>1.2</td><td>.1</td><td>12.2</td><td>137.2</td></tr><tr><td>1941-January</td><td>-</td><td>-</td><td>-</td><td>.6</td><td>46.9</td><td>1.1</td><td>6.1</td><td>-</td><td>4.5</td><td>11.1</td><td>3.2</td><td>3.2</td><td>.5</td><td>1.2</td><td>.8</td><td>155.02/</td><td>234.2</td></tr><tr><td>February</td><td>1.2</td><td>-</td><td>-</td><td>.3</td><td>81.5</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>6.7</td><td>2.8</td><td>-</td><td>1.1</td><td>.6</td><td>-</td><td>13.6</td><td>108.6</td></tr><tr><td>March</td><td>.8</td><td>-</td><td>-</td><td>-</td><td>95.6</td><td>.9</td><td>3.0</td><td>-</td><td>-</td><td>6.3</td><td>4.0</td><td>2.2</td><td>.3</td><td>.2</td><td>-</td><td>5.3</td><td>118.6</td></tr><tr><td>April</td><td>-</td><td>-</td><td>-</td><td>-</td><td>20.2</td><td>1.1</td><td>.3</td><td>-</td><td>-</td><td>4.7</td><td>3.6</td><td>2.9</td><td>.7</td><td>1.3</td><td>2.1</td><td>135.13/</td><td>172.0</td></tr><tr><td>May 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>3.1</td><td>2.8</td><td>.9</td><td>.1</td><td>-</td><td>5.8</td><td>31.85/</td></tr><tr><td>June 1/</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>30.75/</td></tr><tr><td>July 1/</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>19.2</td><td>1.1</td><td>-</td><td>-</td><td>-</td><td>5.2</td><td>5.0</td><td>2.1</td><td>.7</td><td>.5</td><td>-</td><td>2.8</td><td>37.15/</td></tr><tr><td>August 1/</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>10.8</td><td>.8</td><td>-</td><td>-</td><td>2.0</td><td>6.7</td><td>5.1</td><td>2.2</td><td>.2</td><td>.3</td><td>.7</td><td>8.1</td><td>37.05/</td></tr><tr><td>September 1/</td><td>.3</td><td>-</td><td>-</td><td>-</td><td>42.6</td><td>.5</td><td>-</td><td>-</td><td>-</td><td>2.1</td><td>3.1</td><td>2.5</td><td>1.2</td><td>1.6</td><td>-</td><td>11.8</td><td>65.75/</td></tr><tr><td>October 1/</td><td>.1</td><td>-</td><td>-</td><td>-</td><td>16.1</td><td>1.0</td><td>-</td><td>-</td><td>2.3</td><td>6.2</td><td>3.1</td><td>2.1</td><td>.3</td><td>.6</td><td>-</td><td>8.6</td><td>40.15/</td></tr></table>
Source: U. S. Department of Commerce.
1/ Include 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, June, July, August, September, and October 1941 for the various countries represent gross imports.
5/ Gross exports amounted to $5,029 in May, to $6,797 in June, to $13,094 in July, to $6,090 in August, to $4,999 in September, and to $3,476 in October.
Increment Resulting from the Reduction in the Weight of the Gold Dollar, October 31, 1941
<table><tr><td>Exchange Stabilization Fund.</td></tr><tr><td>Payments to Federal Reserve Banks for industrial loans.</td></tr><tr><td>Philippine currency reserve.</td></tr><tr><td>Melting losses on gold coin.</td></tr><tr><td>Retirement of National Bank notes.</td></tr><tr><td>Unassigned.</td></tr><tr><td>Total increment.</td></tr></table>
<table><tr><th>Allocations of increment</th><th>Charges against increment</th><th>Unexpended balance of allocated increment</th></tr><tr><td>$2,000,000,000.00</td><td>$2,000,000,000.00</td><td>-</td></tr><tr><td>139,299,556.99</td><td>27,546,310.97</td><td>$111,753,246.02</td></tr><tr><td>23,862,750.78</td><td>-</td><td>23,862,750.78</td></tr><tr><td>2,175,121.93</td><td>1,845,463.69</td><td>329,658.24</td></tr><tr><td>645,387,965.45</td><td>645,387,965.45</td><td>-</td></tr><tr><td>7,331,297.92</td><td>-</td><td>7,331,297.92</td></tr><tr><td>$2,818,056,693.07</td><td>$2,674,779,740.11</td><td>$143,276,952.96</td></tr></table>
75
MONETARY STOCKS OF GOLD AND SILVER IN THE UNITED STATES
Gold per Ounce $35.00; Silver per Ounce $1.29
76
Treasury Gold Receipts
(In millions of dollars at $35 per fine ounce)
<table><tr><th></th><th>Newly-mined domestic gold</th><th>Gold received by importation or released for exportation (-) 1/</th><th>Miscellaneous 2/</th><th>Total</th></tr><tr><td>1937 - Jan.-Mar.</td><td>32.93</td><td>277.22</td><td>6.00</td><td>316.15</td></tr><tr><td>Apr.-June</td><td>36.46</td><td>691.37</td><td>16.61</td><td>744.44</td></tr><tr><td>July-Sept.</td><td>45.85</td><td>371.80</td><td>4.40</td><td>422.05</td></tr><tr><td>Oct.-Dec.</td><td>45.61</td><td>-30.80</td><td>4.95</td><td>19.76</td></tr><tr><td>1938 - Jan.-Mar.</td><td>38.23</td><td>-7.67</td><td>3.83</td><td>34.39</td></tr><tr><td>Apr.-June</td><td>40.42</td><td>124.59</td><td>3.54</td><td>168.55</td></tr><tr><td>July-Sept.</td><td>47.22</td><td>743.96</td><td>5.25</td><td>796.43</td></tr><tr><td>Oct.-Dec.</td><td>49.12</td><td>701.00</td><td>1.75</td><td>751.87</td></tr><tr><td>1939 - Jan.-Mar.</td><td>44.40</td><td>699.30</td><td>3.31</td><td>747.01</td></tr><tr><td>Apr.-June</td><td>43.59</td><td>804.96</td><td>3.11</td><td>851.66</td></tr><tr><td>July-Sept.</td><td>52.34</td><td>765.95</td><td>3.24</td><td>821.53</td></tr><tr><td>Oct.-Dec.</td><td>51.62</td><td>657.47</td><td>2.84</td><td>711.93</td></tr><tr><td>1940 - Jan.-Mar.</td><td>46.77</td><td>739.62</td><td>2.93</td><td>789.32</td></tr><tr><td>Apr.-June</td><td>46.37</td><td>1,480.79</td><td>3.14</td><td>1,530.30</td></tr><tr><td>July-Sept.</td><td>52.27</td><td>1,225.88</td><td>3.16</td><td>1,281.31</td></tr><tr><td>Oct.-Dec.</td><td>73.63</td><td>674.04</td><td>2.50</td><td>750.17</td></tr><tr><td>1941 - Jan.-Mar.</td><td>49.67</td><td>320.20</td><td>2.59</td><td>372.46</td></tr><tr><td>Apr.-June</td><td>30.91</td><td>224.76</td><td>1.40</td><td>257.07</td></tr><tr><td>July-Sept.</td><td>57.05</td><td>76.11</td><td>3.27</td><td>136.43</td></tr></table>
1/ Includes gold released from earmark or gold placed under earmark. 2/ Comprises domestic coin, secondary gold, etc.
Monetary Stocks of Gold and Silver
(In 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>15.5</td></tr><tr><td>1941</td><td>22,624.2</td><td>4,114.7</td><td>15.5</td></tr><tr><td>1940-October</td><td>21,505.5</td><td>4,022.9</td><td>15.8</td></tr><tr><td>November</td><td>21,800.8</td><td>4,038.9</td><td>15.6</td></tr><tr><td>December</td><td>21,994.8</td><td>4,060.0</td><td>15.6</td></tr><tr><td>1941-January</td><td>22,116.5</td><td>4,078.6</td><td>15.6</td></tr><tr><td>February</td><td>22,231.9</td><td>4,092.5</td><td>15.5</td></tr><tr><td>March</td><td>22,367.3</td><td>4,107.6</td><td>15.3</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>22,624.2</td><td>4,114.7</td><td>15.5</td></tr><tr><td>July</td><td>22,674.7</td><td>4,167.9</td><td>15.5</td></tr><tr><td>August</td><td>22,719.4</td><td>4,188.1</td><td>15.6</td></tr><tr><td>September</td><td>22,760.9</td><td>4,207.1</td><td>15.6</td></tr><tr><td>October</td><td>22,799.5 p</td><td>4,201.6 p</td><td>15.6 p</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Money. p. Preliminary.
Components of Silver Monetary Stock
(In millions of dollars)
<table><tr><th rowspan="2">End of calendar year or month</th><th colspan="4">Silver held in Treasury</th><th colspan="2">Silver outside Treasury</th><th rowspan="2">Total silver at $1.29 per ounce</th></tr><tr><th colspan="2">Securing silver certificates 1/</th><th colspan="2">In General Fund</th><th colspan="2"></th></tr><tr><th></th><th>Silver bullion</th><th>Silver dollars</th><th>Sub-sidiary coin 2/</th><th>Bullion for recoin-age 2/</th><th>Bullion at cost</th><th>Silver dollar coin 1/</th><th>Sub-sidiary coin 2/</th></tr><tr><td>1934</td><td>211.6</td><td>508.4</td><td>4.2</td><td>8.8</td><td>89.3</td><td>35.2</td><td>305.3</td><td>1,279.7</td></tr><tr><td>1935</td><td>576.9</td><td>508.7</td><td>4.2</td><td>.2</td><td>262.7</td><td>38.4</td><td>323.5</td><td>1,970.1</td></tr><tr><td>1936</td><td>775.9</td><td>505.7</td><td>5.7</td><td>.3</td><td>347.7</td><td>41.3</td><td>350.4</td><td>2,402.3</td></tr><tr><td>1937</td><td>938.8</td><td>503.7</td><td>5.4</td><td>-</td><td>428.6</td><td>43.3</td><td>366.9</td><td>2,906.5</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>1,238.2</td><td>499.0</td><td>5.3</td><td>-</td><td>616.0</td><td>48.1</td><td>394.1</td><td>3,790.2</td></tr><tr><td>1940</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>-</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1940-Oct.</td><td>1,383.6</td><td>496.5</td><td>3.8</td><td>.1</td><td>654.2</td><td>50.6</td><td>410.9</td><td>4,022.9</td></tr><tr><td>Nov.</td><td>1,390.2</td><td>496.1</td><td>1.5</td><td>-</td><td>655.6</td><td>51.0</td><td>417.7</td><td>4,038.9</td></tr><tr><td>Dec.</td><td>1,398.1</td><td>494.6</td><td>2.3</td><td>-</td><td>657.4</td><td>52.5</td><td>422.4</td><td>4,060.0</td></tr><tr><td>1941-Jan.</td><td>1,405.7</td><td>494.6</td><td>5.3</td><td>-</td><td>659.9</td><td>52.5</td><td>422.1</td><td>4,078.6</td></tr><tr><td>Feb.</td><td>1,411.8</td><td>494.2</td><td>5.4</td><td>.3</td><td>662.5</td><td>52.8</td><td>422.3</td><td>4,092.5</td></tr><tr><td>Mar.</td><td>1,417.7</td><td>494.0</td><td>4.0</td><td>-</td><td>665.2</td><td>53.1</td><td>425.0</td><td>4,107.6</td></tr><tr><td>Apr.</td><td>1,423.8</td><td>493.7</td><td>5.1</td><td>-</td><td>665.5</td><td>53.4</td><td>429.3</td><td>4,120.8</td></tr><tr><td>May.</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.</td><td>1,435.9</td><td>492.0</td><td>4.1</td><td>-</td><td>665.2</td><td>55.1</td><td>443.2</td><td>4,148.7</td></tr><tr><td>July.</td><td>1,443.5</td><td>490.7</td><td>5.4</td><td>.1</td><td>665.4</td><td>56.3</td><td>450.0</td><td>4,167.9</td></tr><tr><td>Aug.</td><td>1,451.3</td><td>489.6</td><td>5.1</td><td>-</td><td>666.9</td><td>57.5</td><td>456.6</td><td>4,188.1</td></tr><tr><td>Sept.</td><td>1,459.3</td><td>488.4</td><td>3.4</td><td>-</td><td>667.5</td><td>58.6</td><td>455.7</td><td>4,201.1</td></tr><tr><td>Oct.p.</td><td>1,465.6</td><td>487.4</td><td>7.6</td><td>-</td><td>661.9</td><td>58.6</td><td>465.7</td><td>4,201.6</td></tr></table>
Source: Daily Treasury Statement and Circulation Statement of United States Moeey. p Preliminary. 1/ Valued at $1.29+ per ounce. 2/ Valued at $1.38+ per ounce.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions of ounces or dollars)
<table><tr><th>Calendar year or month</th><th colspan="2">Usually 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>Gun- oes</th><th>Dol- lars</th><th>Gun- oes</th><th>Dol- lars</th><th>Gun- oes</th><th>Dol- lars</th><th>Gun- oes</th><th>Dol- lars</th></tr><tr><td>1934</td><td>21.8</td><td>14.1</td><td>110.6</td><td>55.3</td><td>172.5</td><td>86.5</td><td>304.9</td><td>155.9</td></tr><tr><td>1935</td><td>38.0</td><td>27.3</td><td>2.0</td><td>1.0</td><td>494.4</td><td>318.2</td><td>534.3</td><td>346.5</td></tr><tr><td>1936</td><td>61.1</td><td>47.3</td><td>14</td><td>.2</td><td>271.9</td><td>150.3</td><td>333.4</td><td>197.8</td></tr><tr><td>1937</td><td>70.6</td><td>54.6</td><td>-</td><td>-</td><td>241.5</td><td>108.7</td><td>312.2</td><td>163.3</td></tr><tr><td>1938</td><td>61.6</td><td>42.2</td><td>-</td><td>-</td><td>355.4</td><td>156.9</td><td>417.1</td><td>199.1</td></tr><tr><td>1939</td><td>60.7</td><td>40.1</td><td>-</td><td>-</td><td>282.8</td><td>120.5</td><td>343.3</td><td>160.6</td></tr><tr><td>1940</td><td>68.3</td><td>48.5</td><td>-</td><td>-</td><td>139.8</td><td>50.9</td><td>208.0</td><td>99.4</td></tr><tr><td>1940-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><tr><td>July.</td><td>6.5</td><td>4.6</td><td>-</td><td>-</td><td>8.6</td><td>3.2</td><td>15.1</td><td>7.8</td></tr><tr><td>Aug.</td><td>6.7</td><td>4.8</td><td>-</td><td>-</td><td>8.7</td><td>3.3</td><td>15.4</td><td>8.1</td></tr><tr><td>Sept.</td><td>7.2</td><td>5.1</td><td>-</td><td>-</td><td>7.6</td><td>2.9</td><td>14.8</td><td>8.0</td></tr><tr><td>Oct.</td><td>4.6</td><td>3.2</td><td>-</td><td>-</td><td>6.5</td><td>2.6</td><td>11.1</td><td>5.8</td></tr></table>
1/ Acquired at 64.64¢ cents per fine ounce until April 9, 1935; at 71.11¢ cents per fine ounce from that date until April 23, 1935; at 77.57¢ cents from April 23, 1935 to December 31, 1937; at 64.64¢ cents per fine ounce from December 31, 1937 to July 1, 1939; and at 71.11¢ cents since July 1, 1939.
2/ Acquired at 50.01¢ cents per fine ounce. Executive Proclamation of August 9, 1934, repealed April 28, 1938.
1/ Acquired at various prices averaging approximately 51 cents per ounce.
77
Seigniorage on Silver
(Cumulative from January 1, 1934 - In millions of dollars)
<table><tr><th>End of calendar year or month</th><th>Seigniorage on silver and minor coins</th><th>Misc. silver (incl. silver bullion held June 14, 1934)</th><th>Source of seigniorage on silver bullion revalued 1/ Newly-mined silver (Proc. Dec. 21, 1933)</th><th>Source of seigniorage on silver bullion revalued 1/ Newly-mined silver (Act July 6, 1939)</th><th>Source of seigniorage on silver bullion revalued 1/ Silver Purchase Act of June 19, 1934</th><th>Source of seigniorage on silver bullion revalued 1/ Nationalized silver (Proc. of Aug. 9, 1934)</th><th>Total seigniorage on silver bullion revalued</th><th>Potential seigniorage on silver bullion at cost in General Fund 2/</th></tr><tr><td>1934</td><td>4.5</td><td>48.7</td><td>.4</td><td>-</td><td>51.1</td><td>28.5</td><td>128.7</td><td>132.6</td></tr><tr><td>1935</td><td>18.5</td><td>48.7</td><td>16.8</td><td>-</td><td>226.2</td><td>34.5</td><td>326.2</td><td>274.9</td></tr><tr><td>1936</td><td>46.1</td><td>48.7</td><td>36.0</td><td>-</td><td>302.7</td><td>34.7</td><td>422.1</td><td>397.5</td></tr><tr><td>1937</td><td>63.7</td><td>48.7</td><td>58.0</td><td>-</td><td>366.7</td><td>34.7</td><td>508.1</td><td>541.6</td></tr><tr><td>1938</td><td>69.5</td><td>48.7</td><td>74.9</td><td>-</td><td>457.7</td><td>34.7</td><td>616.0</td><td>758.8</td></tr><tr><td>1939</td><td>91.7</td><td>48.7</td><td>87.3</td><td>4.2</td><td>530.7</td><td>34.7</td><td>705.6</td><td>950.6</td></tr><tr><td>1940</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>753.4</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><tr><td>July</td><td>149.4</td><td>48.7</td><td>87.6</td><td>39.1</td><td>572.7</td><td>34.7</td><td>782.8</td><td>1,079.8</td></tr><tr><td>August</td><td>155.1</td><td>48.7</td><td>87.6</td><td>41.0</td><td>574.9</td><td>34.7</td><td>786.9</td><td>1,087.1</td></tr><tr><td>September</td><td>162.0</td><td>48.7</td><td>87.6</td><td>43.5</td><td>576.5</td><td>34.7</td><td>791.0</td><td>1,089.8</td></tr><tr><td>October</td><td>169.2</td><td>48.7</td><td>87.6</td><td>45.1</td><td>578.3</td><td>34.7</td><td>794.4</td><td>1,085.5</td></tr></table>
Base: 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 changes, the potential seigniorage thereon changes.
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>Mexica</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>51,689</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-August</td><td>22,836</td><td>4,419</td><td>1,791</td><td>8,120</td><td>1,500</td><td>1,401</td><td>5,605</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>September</td><td>23,835</td><td>5,049</td><td>1,795</td><td>7,990</td><td>2,000</td><td>1,388</td><td>5,613</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>October</td><td>22,900</td><td>5,609</td><td>1,673</td><td>7,090</td><td>1,600</td><td>1,318</td><td>5,610</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>November</td><td>23,145</td><td>6,367</td><td>1,708</td><td>7,104</td><td>1,500</td><td>1,352</td><td>5,114</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>December</td><td>20,645</td><td>6,499</td><td>1,642</td><td>4,568</td><td>1,500</td><td>1,326</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</td><td>5,733</td><td>1,557</td><td>8,750</td><td>1,550</td><td>1,420</td><td>5,319</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>February</td><td>23,208</td><td>6,009</td><td>1,357</td><td>7,792</td><td>1,450</td><td>1,298</td><td>5,302</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>March</td><td>22,774r</td><td>6,445</td><td>1,802</td><td>6,339</td><td>1,500</td><td>1,374r</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>April</td><td>22,394r</td><td>5,843</td><td>1,484</td><td>7,152</td><td>1,300</td><td>1,301r</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>May</td><td>20,359r</td><td>6,465</td><td>1,902</td><td>3,769</td><td>1,600</td><td>1,282r</td><td>5,341</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>June</td><td>23,331</td><td>5,047</td><td>2,058</td><td>8,062</td><td>1,500</td><td>1,350</td><td>5,314</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>July</td><td>5/</td><td>6,310</td><td>5/</td><td>6,726</td><td>1,300r</td><td>5/</td><td>5,321</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>August</td><td>5/</td><td>6,277</td><td>5/</td><td>5/</td><td>1,300</td><td>5/</td><td>5,322</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. 
1/ Breakdown by countries not available after 1939. 
2/ Includes Newfoundland. 
3/ Includes Chosen and Telvan. 
4/ Includes Burns. 
5/ Not yet reported.
78
Net Movement of Silver to and from the United States
(in thousands of dollars)
<table><tr><th>Calendar year or month</th><th>United Kingdom</th><th>Other Europe</th><th>Canada</th><th>Mexico</th><th>Cuba</th><th>Chile</th><th>Peru</th><th>Other Latin America</th></tr><tr><td>1934</td><td>36,521</td><td>190</td><td>438</td><td>21,995</td><td>-3,780</td><td>1,550</td><td>3,906</td><td>351</td></tr><tr><td>1935</td><td>245,133</td><td>2,457</td><td>12,147</td><td>58,325</td><td>-5,611</td><td>2,920</td><td>10,199</td><td>-1,228</td></tr><tr><td>1936</td><td>53,393</td><td>856</td><td>5,416</td><td>29,925</td><td>-8,951</td><td>1,048</td><td>7,408</td><td>2,738</td></tr><tr><td>1937</td><td>34,120</td><td>-25</td><td>6,798</td><td>30,203</td><td>-7,451</td><td>968</td><td>6,786</td><td>611</td></tr><tr><td>1938</td><td>134,264</td><td>15,396 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-October</td><td>-</td><td>4</td><td>297</td><td>2,742</td><td>-</td><td>252</td><td>373</td><td>112</td></tr><tr><td>November</td><td>-</td><td>2</td><td>268</td><td>2,257</td><td>3</td><td>44</td><td>458</td><td>129</td></tr><tr><td>December</td><td>-</td><td>-79</td><td>438</td><td>2,390</td><td>3</td><td>15</td><td>715</td><td>225</td></tr><tr><td>1941-January</td><td>-</td><td>-234</td><td>686</td><td>2,137</td><td>-</td><td>20</td><td>469</td><td>99</td></tr><tr><td>February</td><td>-363</td><td>-16</td><td>401</td><td>1,821</td><td>3</td><td>43</td><td>418</td><td>120</td></tr><tr><td>March</td><td>-</td><td>-161</td><td>394</td><td>2,564</td><td>3</td><td>109</td><td>262</td><td>138</td></tr><tr><td>April</td><td>-</td><td>-2</td><td>578</td><td>2,560</td><td>-</td><td>130</td><td>555</td><td>175</td></tr><tr><td>May 3/</td><td>-</td><td>1</td><td>515</td><td>1,631</td><td>-</td><td>29</td><td>321</td><td>191</td></tr><tr><td>June 3/</td><td>-</td><td>1</td><td>580</td><td>1,960</td><td>4</td><td>67</td><td>493</td><td>288</td></tr><tr><td>July 3/</td><td>-</td><td>2</td><td>710</td><td>2,725</td><td>-</td><td>57</td><td>497</td><td>242</td></tr><tr><td>August 1/</td><td>-</td><td>7</td><td>576</td><td>2,091</td><td>-</td><td>63</td><td>300</td><td>186</td></tr><tr><td>September 3/</td><td>-</td><td>1</td><td>644</td><td>2,116</td><td>-</td><td>89</td><td>293</td><td>103</td></tr><tr><td>October 3/</td><td>-</td><td>1</td><td>447</td><td>2,117</td><td>-</td><td>93</td><td>501</td><td>705</td></tr></table>
<table><tr><th>Calendar year or month</th><th>British India</th><th>China</th><th>Hong Kong</th><th>Japan</th><th>Other Asia</th><th>All other</th><th>Total net imports or exports (-)</th></tr><tr><td>1934</td><td>-338</td><td>21,967</td><td>2,873</td><td>303</td><td>134</td><td>34</td><td>86,174</td></tr><tr><td>1935</td><td>188</td><td>227</td><td>6,787</td><td>843</td><td>3,224</td><td>118</td><td>335,730</td></tr><tr><td>1936</td><td>3,024</td><td>69,996</td><td>3,463</td><td>2,144</td><td>342</td><td>48</td><td>170,851</td></tr><tr><td>1937</td><td>-</td><td>5,614</td><td>4</td><td>1,271</td><td>504</td><td>433</td><td>79,835</td></tr><tr><td>1938</td><td>150</td><td>-</td><td>61</td><td>2,930</td><td>10,808 2/</td><td>617</td><td>223,449</td></tr><tr><td>1939</td><td>-73</td><td>-</td><td>7,125</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-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</td><td>3,347 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><tr><td>July 3/</td><td>-</td><td>-</td><td>-</td><td>90</td><td>109</td><td>258</td><td>4,686 4/</td></tr><tr><td>August 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>120</td><td>218</td><td>3,561 4/</td></tr><tr><td>September 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>109</td><td>3,356 4/</td></tr><tr><td>October 3/</td><td>-</td><td>-</td><td>-</td><td>-</td><td>82</td><td>275</td><td>4,221 4/</td></tr></table>
Source: U. S. Department of Commerce.
1/ Includes net import of $12,950,000 from France.
2/ Includes net import of $9,791,000 from Siam.
3/ In the interest of national and hemisphere defense, the Department of Commerce has temporarily suspended publication of silver export statistics by country of destination. This action is effective with statistics for May 1941. The figures shown in the table for May, June, July, August, September, and October 1941 for the various countries represent gross imports.
4/ Gross exports amounted to $614,746 in May, to $209,778 in June, to $353,313 in July, to $207,497 in August, to $347,716 in September, and to $69,722 in October.
OTHER TREASURY STATISTICS
79
80
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Nationality
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="4">1940</th><th colspan="9">Number of vessels</th></tr><tr><th>1940</th><th>1941</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td>Grand total</td><td>34,619</td><td>35,167</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>3,694</td><td>4,177</td><td>4,791</td><td>4,657</td><td>3,837</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>8,755</td><td>9,151</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><td>1,272</td><td>1,791</td><td>1,802</td><td>1,274</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>25,864</td><td>26,016</td><td>2,122</td><td>2,082</td><td>1,823</td><td>1,717</td><td>1,775</td><td>1,737</td><td>1,949</td><td>2,300</td><td>2,616</td><td>2,905</td><td>3,000</td><td>2,855</td><td>2,563</td></tr><tr><td>American vessels</td><td>7,928</td><td>8,123</td><td>644</td><td>608</td><td>491</td><td>486</td><td>468</td><td>489</td><td>553</td><td>680</td><td>940</td><td>1,068</td><td>1,041</td><td>930</td><td>825</td></tr><tr><td>Foreign vessels</td><td>17,936</td><td>17,893</td><td>1,478</td><td>1,474</td><td>1,332</td><td>1,231</td><td>1,307</td><td>1,248</td><td>1,396</td><td>1,620</td><td>1,676</td><td>1,837</td><td>1,959</td><td>1,925</td><td>1,738</td></tr><tr><td>Belgian</td><td>121</td><td>70</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><td>3</td><td>3</td><td>4</td><td>3</td></tr><tr><td>Brazilian</td><td>56</td><td>94</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><td>10</td><td>6</td><td>5</td><td>5</td></tr><tr><td>British</td><td>9,562</td><td>10,876</td><td>902</td><td>889</td><td>758</td><td>664</td><td>724</td><td>708</td><td>783</td><td>1,020</td><td>1,057</td><td>1,288</td><td>1,359</td><td>1,375</td><td>1,229</td></tr><tr><td>Danish</td><td>463</td><td>5</td><td>-</td><td>-</td><td>-</td><td>1</td><td>2</td><td>-</td><td>-</td><td>-</td><td>-</td><td>1</td><td>-</td><td>-</td><td>1</td></tr><tr><td>Dutch</td><td>628</td><td>500</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><td>34</td><td>43</td><td>50</td><td>41</td></tr><tr><td>Finnish</td><td>130</td><td>242</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><td>14</td><td>3</td><td>-</td><td>2</td></tr><tr><td>French</td><td>243</td><td>64</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><td>7</td><td>4</td><td>7</td><td>3</td></tr><tr><td>German</td><td>78</td><td>-</td><td>-</td><td>-</td><td>-</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>295</td><td>264</td><td>42</td><td>27</td><td>26</td><td>25</td><td>22</td><td>21</td><td>15</td><td>11</td><td>7</td><td>8</td><td>10</td><td>3</td><td>7</td></tr><tr><td>Honduran</td><td>796</td><td>922</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><td>78</td><td>79</td><td>72</td><td>75</td></tr><tr><td>Italian</td><td>299</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Japanese</td><td>784</td><td>700</td><td>57</td><td>66</td><td>76</td><td>55</td><td>54</td><td>54</td><td>55</td><td>52</td><td>59</td><td>47</td><td>40</td><td>6</td><td>-</td></tr><tr><td>Norwegian</td><td>2,700</td><td>1,923</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><td>159</td><td>169</td><td>149</td><td>148</td></tr><tr><td>Panamanian</td><td>653</td><td>853</td><td>71</td><td>67</td><td>79</td><td>79</td><td>69</td><td>65</td><td>70</td><td>82</td><td>75</td><td>72</td><td>98</td><td>99</td><td>99</td></tr><tr><td>Portuguese</td><td>6</td><td>73</td><td>3</td><td>4</td><td>6</td><td>7</td><td>8</td><td>6</td><td>4</td><td>11</td><td>9</td><td>10</td><td>7</td><td>8</td><td>11</td></tr><tr><td>Spanish</td><td>78</td><td>113</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><td>11</td><td>8</td><td>7</td><td>9</td></tr><tr><td>Swedish</td><td>414</td><td>374</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><td>24</td><td>37</td><td>32</td><td>29</td></tr><tr><td>Yugoslavian</td><td>75</td><td>130</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><td>9</td><td>23</td><td>14</td><td>17</td></tr><tr><td>Other flags</td><td>555</td><td>689</td><td>56</td><td>46</td><td>56</td><td>47</td><td>64</td><td>51</td><td>65</td><td>60</td><td>57</td><td>62</td><td>70</td><td>94</td><td>59</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="5">1940</th><th colspan="9">1941</th></tr><tr><th>1940</th><th>1941</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td>Grand total</td><td>67,136</td><td>60,255</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><td>6,069</td><td>6,708</td><td>6,701</td><td>6,011</td></tr><tr><td>Cleared to Canadian Great Lakes ports</td><td>13,632</td><td>14,402</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><td>2,014</td><td>2,431</td><td>2,472</td><td>2,137</td></tr><tr><td>Cleared to coastal and overseas ports</td><td>53,504</td><td>45,853</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><td>4,055</td><td>4,276</td><td>4,229</td><td>3,874</td></tr><tr><td>American vessels</td><td>16,033</td><td>16,802</td><td>1,303</td><td>1,403</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>1,636</td><td>1,607</td><td>1,524</td><td>1,681</td><td>1,486</td></tr><tr><td>Foreign vessels</td><td>37,471</td><td>29,051</td><td>2,440</td><td>2,424</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><td>2,448</td><td>2,752</td><td>2,548</td><td>2,387</td></tr><tr><td>Belgian</td><td>461</td><td>265</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><td>14</td><td>15</td><td>12</td><td>14</td></tr><tr><td>Brazilian</td><td>181</td><td>306</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><td>35</td><td>18</td><td>15</td><td>18</td></tr><tr><td>British</td><td>11,701</td><td>10,129</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><td>969</td><td>1,119</td><td>1,194</td><td>1,070</td></tr><tr><td>Danish</td><td>1,092</td><td>16</td><td>-</td><td>-</td><td>-</td><td>*</td><td>12</td><td>-</td><td>-</td><td>-</td><td>-</td><td>*</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Dutch</td><td>2,715</td><td>1,435</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><td>98</td><td>135</td><td>142</td><td>117</td></tr><tr><td>Finnish</td><td>214</td><td>350</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><td>24</td><td>6</td><td>-</td><td>4</td></tr><tr><td>French</td><td>1,164</td><td>137</td><td>2</td><td>24</td><td>2</td><td>10</td><td>8</td><td>17</td><td>27</td><td>24</td><td>6</td><td>7</td><td>8</td><td>17</td><td>12</td></tr><tr><td>German</td><td>571</td><td>-</td><td>-</td><td>-</td><td>-</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>992</td><td>731</td><td>124</td><td>75</td><td>70</td><td>71</td><td>57</td><td>54</td><td>36</td><td>26</td><td>18</td><td>17</td><td>24</td><td>4</td><td>16</td></tr><tr><td>Honduran</td><td>1,035</td><td>1,264</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><td>106</td><td>104</td><td>96</td><td>106</td></tr><tr><td>Italian</td><td>1,858</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>-</td><td>-</td></tr><tr><td>Japanese</td><td>3,799</td><td>3,642</td><td>302</td><td>335</td><td>385</td><td>277</td><td>259</td><td>268</td><td>266</td><td>268</td><td>340</td><td>276</td><td>246</td><td>40</td><td>-</td></tr><tr><td>Norwegian</td><td>6,912</td><td>4,743</td><td>373</td><td>347</td><td>373</td><td>421</td><td>399</td><td>417</td><td>417</td><td>410</td><td>377</td><td>375</td><td>408</td><td>382</td><td>409</td></tr><tr><td>Panamanian</td><td>2,350</td><td>3,073</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><td>250</td><td>362</td><td>322</td><td>342</td></tr><tr><td>Portuguese</td><td>11</td><td>200</td><td>13</td><td>11</td><td>7</td><td>24</td><td>22</td><td>18</td><td>11</td><td>28</td><td>25</td><td>33</td><td>20</td><td>21</td><td>34</td></tr><tr><td>Spanish</td><td>244</td><td>383</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><td>38</td><td>31</td><td>25</td><td>32</td></tr><tr><td>Swedish</td><td>1,228</td><td>1,098</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><td>81</td><td>105</td><td>92</td><td>93</td></tr><tr><td>Yugoslavian</td><td>216</td><td>296</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><td>16</td><td>45</td><td>25</td><td>31</td></tr><tr><td>Other flags</td><td>725</td><td>980</td><td>60</td><td>64</td><td>86</td><td>67</td><td>94</td><td>62</td><td>87</td><td>83</td><td>97</td><td>110</td><td>105</td><td>162</td><td>90</td></tr></table>
Source: Reports from Collectors of Customs. Less than 500 tone.
81
Vessels Cleared from the United States, Direct for Foreign Ports, Classified by Port from which Cleared
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="4">1940</th><th colspan="9">Number of vessels 1941</th></tr><tr><th>1940</th><th>1941</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td>Aahabula</td><td>333</td><td>291</td><td>28</td><td>29</td><td>28</td><td>-</td><td>-</td><td>-</td><td>-</td><td>12</td><td>55</td><td>59</td><td>75</td><td>46</td><td>41</td></tr><tr><td>Baltimore</td><td>748</td><td>767</td><td>78</td><td>56</td><td>51</td><td>55</td><td>60</td><td>62</td><td>61</td><td>78</td><td>74</td><td>65</td><td>69</td><td>65</td><td>71</td></tr><tr><td>Boston</td><td>750</td><td>715</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><td>63</td><td>61</td><td>55</td><td>40</td></tr><tr><td>Buffalo</td><td>414</td><td>421</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><td>65</td><td>72</td><td>70</td><td>69</td></tr><tr><td>Corpus Christi</td><td>232</td><td>64</td><td>11</td><td>8</td><td>6</td><td>6</td><td>1</td><td>2</td><td>4</td><td>4</td><td>3</td><td>1</td><td>1</td><td>1</td><td>3</td></tr><tr><td>Detroit</td><td>1,069</td><td>1,340</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><td>223</td><td>211</td><td>191</td><td>138</td></tr><tr><td>Galveston</td><td>414</td><td>262</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><td>18</td><td>24</td><td>17</td><td>25</td></tr><tr><td>Houston</td><td>445</td><td>234</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><td>10</td><td>6</td><td>13</td><td>18</td></tr><tr><td>Los Angeles</td><td>1,295</td><td>1,089</td><td>97</td><td>105</td><td>103</td><td>94</td><td>99</td><td>81</td><td>87</td><td>87</td><td>90</td><td>76</td><td>68</td><td>58</td><td>44</td></tr><tr><td>Miami</td><td>971</td><td>789</td><td>52</td><td>57</td><td>65</td><td>67</td><td>64</td><td>61</td><td>71</td><td>65</td><td>81</td><td>70</td><td>56</td><td>43</td><td>44</td></tr><tr><td>Mobile</td><td>339</td><td>293</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><td>22</td><td>18</td><td>15</td><td>17</td></tr><tr><td>New Orleans</td><td>1,255</td><td>1,170</td><td>87</td><td>97</td><td>92</td><td>85</td><td>103</td><td>78</td><td>103</td><td>116</td><td>126</td><td>94</td><td>92</td><td>103</td><td>70</td></tr><tr><td>New York</td><td>3,911</td><td>3,973</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><td>424</td><td>475</td><td>499</td><td>464</td></tr><tr><td>Norfolk & Newport News</td><td>823</td><td>714</td><td>59</td><td>52</td><td>48</td><td>61</td><td>61</td><td>58</td><td>67</td><td>49</td><td>64</td><td>55</td><td>69</td><td>66</td><td>75</td></tr><tr><td>Philadelphia</td><td>655</td><td>713</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><td>67</td><td>58</td><td>69</td><td>71</td></tr><tr><td>Port Angeles, Wash.</td><td>1,299</td><td>1,290</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><td>136</td><td>156</td><td>129</td><td>94</td></tr><tr><td>Port Arthur</td><td>270</td><td>164</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><td>19</td><td>13</td><td>14</td><td>10</td></tr><tr><td>Rochester</td><td>713</td><td>946</td><td>100</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><td>139</td><td>164</td><td>156</td><td>154</td></tr><tr><td>San Francisco</td><td>525</td><td>422</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><td>36</td><td>36</td><td>41</td><td>23</td></tr><tr><td>Savannah</td><td>208</td><td>133</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><td>12</td><td>22</td><td>9</td><td>15</td></tr><tr><td>Seattle</td><td>1,693</td><td>1,621</td><td>129</td><td>136</td><td>129</td><td>116</td><td>120</td><td>105</td><td>126</td><td>138</td><td>126</td><td>132</td><td>178</td><td>164</td><td>119</td></tr><tr><td>Toledo</td><td>928</td><td>1,102</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><td>163</td><td>150</td><td>173</td><td>139</td></tr><tr><td>Other ports</td><td>15,329</td><td>16,654</td><td>1,567</td><td>1,476</td><td>1,089</td><td>663</td><td>655</td><td>724</td><td>778</td><td>1,198</td><td>1,828</td><td>2,228</td><td>2,717</td><td>2,660</td><td>2,093</td></tr><tr><td>Total</td><td>34,619</td><td>35,167</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>3,694</td><td>4,177</td><td>4,791</td><td>4,657</td><td>3,837</td></tr></table>
<table><tr><th rowspan="2"></th><th colspan="2">Fiscal year</th><th colspan="3">1940</th><th colspan="9">1941</th></tr><tr><th>1940</th><th>1941</th><th>Sept.</th><th>Oct.</th><th>Nov.</th><th>Dec.</th><th>Jan.</th><th>Feb.</th><th>Mar.</th><th>Apr.</th><th>May</th><th>June</th><th>July</th><th>Aug.</th><th>Sept.</th></tr><tr><td>Ashantabula</td><td>875</td><td>871</td><td>96</td><td>85</td><td>86</td><td>-</td><td>-</td><td>-</td><td>-</td><td>22</td><td>140</td><td>166</td><td>187</td><td>158</td><td>145</td></tr><tr><td>Baltimore</td><td>2,149</td><td>2,329</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><td>179</td><td>211</td><td>196</td><td>211</td></tr><tr><td>Boston</td><td>1,953</td><td>1,712</td><td>148</td><td>123</td><td>125</td><td>129</td><td>163</td><td>162</td><td>157</td><td>133</td><td>124</td><td>105</td><td>141</td><td>133</td><td>94</td></tr><tr><td>Buffalo</td><td>897</td><td>883</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><td>136</td><td>123</td><td>105</td><td>90</td></tr><tr><td>Corpus Christi</td><td>1,051</td><td>270</td><td>43</td><td>36</td><td>25</td><td>24</td><td>5</td><td>5</td><td>13</td><td>15</td><td>15</td><td>5</td><td>6</td><td>4</td><td>13</td></tr><tr><td>Detroit</td><td>1,551</td><td>1,722</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><td>296</td><td>323</td><td>286</td><td>231</td></tr><tr><td>Galveston</td><td>1,197</td><td>614</td><td>80</td><td>60</td><td>52</td><td>57</td><td>33</td><td>44</td><td>28</td><td>40</td><td>52</td><td>34</td><td>36</td><td>31</td><td>63</td></tr><tr><td>Houston</td><td>1,735</td><td>842</td><td>94</td><td>110</td><td>92</td><td>86</td><td>68</td><td>74</td><td>40</td><td>30</td><td>19</td><td>35</td><td>18</td><td>49</td><td>75</td></tr><tr><td>Los Angeles</td><td>5,098</td><td>4,329</td><td>348</td><td>414</td><td>405</td><td>362</td><td>370</td><td>332</td><td>363</td><td>323</td><td>360</td><td>326</td><td>279</td><td>202</td><td>125</td></tr><tr><td>Miami</td><td>881</td><td>457</td><td>48</td><td>46</td><td>48</td><td>51</td><td>28</td><td>23</td><td>29</td><td>16</td><td>24</td><td>34</td><td>27</td><td>28</td><td>34</td></tr><tr><td>Mobile</td><td>483</td><td>498</td><td>56</td><td>39</td><td>46</td><td>41</td><td>44</td><td>47</td><td>25</td><td>39</td><td>15</td><td>30</td><td>23</td><td>35</td><td>26</td></tr><tr><td>Sew Orleans</td><td>3,140</td><td>3,063</td><td>225</td><td>290</td><td>267</td><td>241</td><td>258</td><td>207</td><td>245</td><td>286</td><td>319</td><td>221</td><td>227</td><td>236</td><td>175</td></tr><tr><td>New York</td><td>16,580</td><td>13,538</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><td>1,381</td><td>1,635</td><td>1,656</td><td>1,486</td></tr><tr><td>Norfolk & Newport News</td><td>2,150</td><td>1,848</td><td>152</td><td>158</td><td>130</td><td>152</td><td>165</td><td>140</td><td>171</td><td>116</td><td>161</td><td>128</td><td>175</td><td>183</td><td>241</td></tr><tr><td>Philadelphia</td><td>1,925</td><td>2,162</td><td>179</td><td>171</td><td>174</td><td>194</td><td>196</td><td>188</td><td>172</td><td>169</td><td>185</td><td>224</td><td>182</td><td>219</td><td>223</td></tr><tr><td>Port Angeles, Wash.</td><td>835</td><td>997</td><td>84</td><td>73</td><td>59</td><td>59</td><td>66</td><td>59</td><td>62</td><td>58</td><td>65</td><td>121</td><td>171</td><td>151</td><td>77</td></tr><tr><td>Port Arthur</td><td>1,121</td><td>549</td><td>57</td><td>46</td><td>55</td><td>43</td><td>27</td><td>30</td><td>43</td><td>50</td><td>34</td><td>55</td><td>35</td><td>39</td><td>24</td></tr><tr><td>Rochester</td><td>1,596</td><td>2,393</td><td>227</td><td>183</td><td>157</td><td>132</td><td>135</td><td>212</td><td>264</td><td>119</td><td>189</td><td>352</td><td>389</td><td>378</td><td>385</td></tr><tr><td>San Francisco</td><td>2,063</td><td>1,498</td><td>117</td><td>131</td><td>117</td><td>113</td><td>123</td><td>111</td><td>121</td><td>155</td><td>107</td><td>107</td><td>107</td><td>126</td><td>63</td></tr><tr><td>Savannah</td><td>533</td><td>385</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><td>29</td><td>54</td><td>31</td><td>41</td></tr><tr><td>Seattle</td><td>3,062</td><td>2,945</td><td>277</td><td>254</td><td>241</td><td>221</td><td>228</td><td>188</td><td>200</td><td>209</td><td>206</td><td>226</td><td>225</td><td>217</td><td>161</td></tr><tr><td>Toledo</td><td>1,892</td><td>1,921</td><td>241</td><td>191</td><td>214</td><td>25</td><td>-</td><td>-</td><td>10</td><td>159</td><td>254</td><td>273</td><td>272</td><td>309</td><td>264</td></tr><tr><td>Other ports</td><td>14,369</td><td>14,429</td><td>1,366</td><td>1,368</td><td>1,295</td><td>644</td><td>688</td><td>625</td><td>659</td><td>954</td><td>1,556</td><td>1,606</td><td>1,852</td><td>1,929</td><td>1,764</td></tr><tr><td>Total</td><td>67,136</td><td>60,255</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><td>6,069</td><td>6,708</td><td>6,701</td><td>6,011</td></tr></table>
Sources: Reports from Collectors of Customs
82
Treasury Department Criminal Cases in the United States District Courts
<table><tr><th rowspan="2"></th><th colspan="6">Totals by month, April-September 1941</th><th colspan="5">Distribution by originating organization, September 1941</th></tr><tr><th>April</th><th>May</th><th>June</th><th>July</th><th>August</th><th>September</th><th>Alcohol Tax Unit</th><th>Bureau of Customs</th><th>Bureau of Narcotics</th><th>Secret Service Division</th><th>Income and exc. tax cases of Bureau of Internal Revenue</th></tr><tr><td><b>Inventory</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of cases pending first of month</td><td>18,707</td><td>18,731</td><td>17,339</td><td>16,606</td><td>16,894</td><td>18,386</td><td>15,079</td><td>205</td><td>1,816</td><td>947</td><td>339</td></tr><tr><td>New cases</td><td>2,773</td><td>2,523</td><td>2,469</td><td>2,383</td><td>2,482</td><td>2,721</td><td>2,131</td><td>33</td><td>371</td><td>155</td><td>37</td></tr><tr><td>Cases closed</td><td>2,749</td><td>3,915</td><td>3,202</td><td>2,095</td><td>990</td><td>2,022</td><td>1,616</td><td>29</td><td>193</td><td>155</td><td>29</td></tr><tr><td>Number of cases pending and of month</td><td>18,731</td><td>17,339</td><td>16,606</td><td>16,894</td><td>18,386</td><td>19,091</td><td>15,594</td><td>209</td><td>1,994</td><td>947</td><td>347</td></tr><tr><td>Net change in cases pending</td><td>+24</td><td>-1,392</td><td>-733</td><td>+288</td><td>+1,492</td><td>+705</td><td>+515</td><td>+4</td><td>+178</td><td>-</td><td>+8</td></tr><tr><td><b>Disposition of cases closed</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number transferred 2/</td><td>143</td><td>174</td><td>175</td><td>188</td><td>80</td><td>182</td><td>129</td><td>2</td><td>31</td><td>20</td><td>-</td></tr><tr><td>Number released, convicted, and otherwise disposed of 3/</td><td>2,606</td><td>3,741</td><td>3,027</td><td>1,907</td><td>910</td><td>1,840</td><td>1,487</td><td>27</td><td>162</td><td>135</td><td>29</td></tr><tr><td>Total number of cases closed</td><td>2,749</td><td>3,915</td><td>3,202</td><td>2,095</td><td>990</td><td>2,022</td><td>1,616</td><td>29</td><td>193</td><td>155</td><td>29</td></tr><tr><td><b>Percentage distribution of cases released or convicted:</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Percent released</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Before indictment</td><td>18</td><td>15</td><td>14</td><td>26</td><td>24</td><td>16</td><td>17</td><td>41</td><td>7</td><td>7</td><td>35</td></tr><tr><td>After indictment</td><td>13</td><td>7</td><td>13</td><td>10</td><td>12</td><td>11</td><td>10</td><td>15</td><td>8</td><td>4</td><td>48</td></tr><tr><td>Acquitted</td><td>2</td><td>5</td><td>3</td><td>2</td><td>2</td><td>2</td><td>3</td><td>-</td><td>3</td><td>3</td><td>-</td></tr><tr><td>Total released</td><td>33</td><td>27</td><td>30</td><td>38</td><td>38</td><td>29</td><td>30</td><td>56</td><td>18</td><td>14</td><td>83</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>6</td><td>8</td><td>5</td><td>7</td><td>5</td><td>6</td><td>7</td><td>3</td><td>3</td><td>6</td><td>3</td></tr><tr><td>Pleaded guilty</td><td>61</td><td>65</td><td>65</td><td>55</td><td>57</td><td>65</td><td>63</td><td>41</td><td>79</td><td>80</td><td>14</td></tr><tr><td>Total convicted</td><td>67</td><td>73</td><td>70</td><td>62</td><td>62</td><td>71</td><td>70</td><td>44</td><td>82</td><td>86</td><td>17</td></tr><tr><td><b>Sentence imposed</b></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Number of convictions</td><td>1,668</td><td>2,629</td><td>2,063</td><td>1,086</td><td>508</td><td>1,257</td><td>1,047</td><td>12</td><td>86</td><td>107</td><td>5</td></tr><tr><td>Percent of convictions resulting in 4/</td><td></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>57</td><td>58</td><td>57</td><td>60</td><td>64</td><td>59</td><td>56</td><td>50</td><td>87</td><td>64</td><td>60</td></tr><tr><td>Fine</td><td>23</td><td>26</td><td>18</td><td>21</td><td>21</td><td>31</td><td>32</td><td>50</td><td>16</td><td>37</td><td>40</td></tr><tr><td>Probation 5/</td><td>39</td><td>36</td><td>39</td><td>37</td><td>39</td><td>36</td><td>37</td><td>-</td><td>19</td><td>40</td><td>40</td></tr><tr><td>Average number of days imprisonment to be served</td><td>415</td><td>404</td><td>420</td><td>503</td><td>452</td><td>358</td><td>294</td><td>299</td><td>703</td><td>532</td><td>588</td></tr><tr><td>Average fine to be paid (dollars)</td><td>319</td><td>489</td><td>494</td><td>284</td><td>471</td><td>331</td><td>366</td><td>133</td><td>26</td><td>61</td><td>2,750</td></tr><tr><td>Total fines to be paid (dollars)</td><td>121,405</td><td>336,451</td><td>184,160</td><td>65,841</td><td>49,415</td><td>129,832</td><td>120,741</td><td>800</td><td>762</td><td>2,429</td><td>5,500</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 luncy hearings.
4/ Percentages do not add to 100 because a single conviction may involve more than one type of sentence.
5/ Alcohol Tax Unit figures are based on cases in which a suspended or probationary sentence only was imposed.
LIBRARY
Treas. HJ 10 .A2 1941 c.2
U.S. Treasury Dept. Treasury Bulletin