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 OF THE FEDERAL RESERVE SYSTEM Office Correspondence Xo Chairman Eocles Fram Date_ .y<™fesr Subject: Treasury Qfish Requirements Henry Edmiston CONFIDENTIAL It occurs to me that the summary table below might be helpful to you in connection with the detailed monthly cash requirements table in my memorandum of November !].• For this purpose, I have deducted old age and railroad retirement taxes from cash budget receipts and shown the amounts added to these reserve accounts. The reason why the unemployment trust funds and the old age reserves do not increase quite so much as was shown on the public debt table of the previous memorandum is because of noncash interest payments which are reinvested in special issues• TREASURY CASH HEftUIRKIffiBCTS November 1 , 1 9 3 9 , t o J u n e 3 0 , I9I4.O (in millions of dollars) Cash budget receipts l/ Cash budget expenditures Cash budget deficit 2,050 Cash nonbudget expenditures 120 Total cash deficit Treasury cash balance November 1, 1939 Add U» S» Savings bonds Unemployment trust funds Old age and railroad retirement reserves Net sales of guaranteed obliga*^ons Total 2,170 1*190 565 I425 JL1I4.O 50 1,14.80 Deduct Cash deficit above Treasury cash balance, June 3 0 , 1/ Excluding old age and railroad retirement taxes• 1,1+80
