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February 15, 1939

TOTAL DEPOSITS SOBJECT TO CHECK
(Millions of dollars)

prime 30
i
1928
1929
1933
1938

Total

23,256
23,486

1921-29

+ 5,855

15,512

1929-33

- 7,974

26,458

1933-38

+10,946

February 15, 1939

PRIVATE INVESTMENT EXPENDITURES ELUS G071EMMENT HBT COHTRIBPTION

Year

Terborg&f s
Durable Goods
minus Public
Construction

Inventory
Change

Govt, Net Contribution
State
i
and
i
Local
Federal 1 Total

Foreign
(Current
Account
Balance)

Domestic
Gold and
Silver

Total

1928
1929

13,415
13,608

-321
2,414

882
1,003

-23
-320

859
683

+725
+447

54
52

14,732
17,204

1932

3,225

-2,461

578

1,829

2,407

+131

56

3,358

1937

8,953

3,760

-150

985

835

-24

197

13,721







February 15, 1939

INCREASE IN FEDERAL DEBT AND IN ASSETS ACQUIRED
BY THE NATION, TONE 30, 1933 - JUNE 30, 1938
(Millions of dollars)
Increase in gross public debt
Increases in:
Balance in Treasury general fund
Public urorks, public improvements,
recoverable loans, etc*
Total

14,626

1,362
9,278
10,640

Difference

3,986

Additional offset in stabilization
fund

2,000

Net increase in debt not covered
by growth in assets

1,986




February 15, 1939

Holdings of U. S. Government Direct Obligations
by All Commercial Banks
(Millions of dollars)
December 31, 1936

June 30, 19381/

12,983

p 11,613

Most recent date. This figure will not be revised until the annual report of the Comptroller of the Currency is published during
the summer of 1939.

Source:

NOTE:

Miss inderson

These are the most recent figures for all
commercial banks. From June 30, 1938 to
September 28, 1938, member banks increased
their holdings by #498 millions (from
#10,215,000,000 to |10,713,000,000).
Reporting member bank holdings increased
$155 millions between September 28, 1938
and December 28, 1938 (from #8,111,000,000
to #8,266,000,000).