View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Form F.R. 131
BOARD OF GOVERNORS

FEDERAL RESERVE SYSTEM

3mce Correspondence
Chairman Bocles

p a te December n , 1939
Subject: Treasury cash requirements

Henry Edmiston
The following table gives a summary of Treasury cash requirements
and the Treasury cash position between now and the end of this fiscal year*
It appears that the Treasury cash balance on June 30* 19^0, will be over
11,200,000,000 without any new direct cash financing.
ESTIMATED TREASURY CASH REQUIREMENTS
December lij., 1939-June 30, I9I4.O
(In millions of dollars)
Cash budget receipts
Cash budget expenditures
Cash budget deficit
Deduct:
let sales of U. S # Savings bonds
Net receipts of Unemployment
Trust funds
Other accounts

3*520
Ui720
-1,200
+520
+290
-l60

Total Treasury cash requirements
Add:
Cash requirements of Government agencies
Net cash sales of guaranteed
obligations l/

+650

-550

-100
+70

Total cash requirements
Treasury cash balance, December 13, 1939
Treasury cash balance, June 30ยป 19^0

-30
-580
1,820
1,21+0

T/Assumes
sales of $150,000,000 of RFC notes, $50,000,000 of TVA
bonds, and retirement of $130,000,000 of HOLC bonds.