Full text of Treasury Bulletin : December 1939
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o. i
LIBRARY
ROOM 5030
J UN
91
1972
TREASURY DEPARTMENT
Reference
To be used
in Treasury-
Library
BULLETIN
OF THE
TREASURY DEPARTMENT
DECEMBER
1939
mOEfA^
N^
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u.
v'i^^
(
LIBRARY
3
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
1940
BULLETIN
OF THE
TREASURY DEPARTMENT
DECEMBER
1939
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Table of Contents
Page
Receipts and Expenditures
Fiscal Years 1935-'W
Expenditures by Classes, Receipts by Sources
Social Insurance Accounts
Cash Income and Outgo
General Fund and Public Debt
Composition of the (Jeneral Fund
Treasury Financing Operations
Composition of the Public Debt
Net Market Transactions of Treasury Investment Accounts
Holdings of Government Obligations
Tax Exempt Securities Outstanding
Statutory Debt Limitation
Computed Interest and Yields on Public Debt Issues
Government Corporations and Credit Agencies
Assets, Liabilities and Proprietary Interest
Sources and Uses of Funds
Issues Outstanding
Financing Operations
2
3-13
14-15
15
IS
19
20
20
20
22
23
2^-26
28
29-31
33
33
International Capital Movements
Summary Table
Short-term Foreign Assets and Liabilities
Security Transactions and Brokerage Balances
Transactions In U. S. Domestic Securities
Foreign Exchange Transactions
35
37-3^
39-*^
'I
4-3-lrt
Other Monetary Data
Gold and Silver Stocks
l4-6-'t-7
Silver Production, Movements and Seigniorage
Foreign Ebcchange and Price Data
k&-kS
50-51
Miscellaneous
Commodities Imported Under Quota
Law Enforcement Statistics
53
5^
FEDERAL
RECEIPTS
AND
-1-
EXPENDITURES
Summary Table on Receipts, Expenditures and Public Debt
(In milllona of dollars - on basis of dally Treasury stateaents, -anroTlBed.)
•
Monthly Receipts, Expenditures and Excess of Expenditures
(In millions of dollars - on basis of dail^ Treasury statenents, nnrOTlsed)
Apr.
Jan.
May
June
July
Aug,
BOT.
Sept.
Dec.
Total
SeoelptB
1935...
1935 •.
1936...
1937...
1938...
1939...
Expend itnr SB
193^
1935
1936
1937
1938
1939
Excess of expenditures
193^
1935
1936
1937
1938
1939
Note:
211
203
228
28U
206
2lU
218
275
335
308
1*20
601
752
960
737
2'
268
61*1*
1*83
,011
93U
580
531
571*
1*89
613
528
662
6W*
815
752
879
509
728
317
271
338
179
160
-27
-108
-196
-208
30it
199
385
21*5
2^
256
335
375
397
720
U88
538
588
53^
693
285
310
182
228
231
363
11*2
757
6U3
786
569
1*62
21*6
71*5
5UU
588
683
702
765
793
790
805
681
612
771
76U
598
535
569
275
95
167
530
570
2U9
ISl*
1*09
-86
5"
7"
1*39
172
296
1*1*3
28l*
29U
U09
311
308
1*99
611
616
661
677
763
807
592
558
683
822
393
^F
367
868
77'»
613
61*3
«58
2.U38
1.295
937
973
.909
3U8
1*07
1*21
1*17
229
321
1*1*9
27?
252
395
370
518
21*7
218
557
39'»
260
235
272
333
332
391
i*«3
788
711
719
U27
268
'^
1*52
105
196
U99
1*02
360
279
Negative figures denote excess of receipts.
Summary of Receipts and Expenditures
(In millions of dollars - on basis of dally Treasury statements, unreTlsed) 1/
Kscal year
or month
231+
233
327
382
1*99
678
691
351
301
336
3,1*92
^3^
517
866
70I*
3.857
it.372
6,312
5.993
6U7
637
728
680
870
7.755
7.U51
9.36U
8,361
60
262
203
211
-186
166
l*,26j
8,i*9:
3.59'i
i»,992
2,oi*g
2.500
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1934
1934
DOLLARS
M ons
til
1936
1935
Date
to
1939
1938
1937
DOLLARS
Millions
I
1.200
Receipts
1.200
1.000
1.000
800
600
600
400
200
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
—
-i
1,600
r—
1
1
1.600
1
1
1
1
Expenditures
1,400
,400
1,200
1.200
1,000
1,000
800
-
800
600
400
200
JMMJ SNJMMJ SNJMMJSNJMMJ SNJMMJ SNJMMJSN
1,000
of Receipts
Excess
800
Expenditures
or
600
600
£xc&ss of Bxpenditures
400
—
_-j
200
ElL
11
Excess
200
200
of Receipts
M
M
JMMJSNJMMJSNJMMJSN
SNJMMJSN
SNJMMJ
JMMJ
1939
1937
1938
1936
1935
1934
I
I
I
I
I
I
I
I
I
ill
I
200
I
I
I
I
I
I
I
I
I
ill
I
I
I
I
I
I
h
I
I
I
1
I
I
I
I
I
I
I
ll
I
I
I
I
I
I
I
I
I
I
III
I
I
I
I
I
I
I
I
I
I
400
.
Expenditures
(III
Fiscal Tear
or aonth
3.283
2.681
3.225
3.399
1933193«.
1935.
1936.
1937.
1938.
1939.
U.661
5-328
General
BlllloDB of dollars - on basis of dallj Treasury statement. unreTlfled)
Departmental
Total
-
807
341
356
U29
505
559
6U5
national
defease
Teterans'
Adalolstratlon
668
1/
prograiB
53U
76U
856
97U
1.075
763
507
556
576
580
582
552
118
15U
80
150
U6
^b
50
U8
1*80
igrleoltursl AdJuBtment
Public
Works
289
787
70
53
23
23
53
61
23
22
2U
37't
55
500
>(6
92
91
1939-J8n.
Pet.
Max.
391
61
9i»
1*6
B
55
51
77
91
Wt
U6
36
9U
33
98
106
73
Apr.
May..
Jane.
U56
52
87
U6
635
^9^
90
95
1*5
July.
Aug..
Sept.
U19
U2U
559
6U
5t
59
100
106
102
"5
U6
"5
527
U5I
6U
51
108
112
U5
U5
Oct.
Not,
1/
2/
2/
321
325
290
5f
362
571
536
31*5
91*1
28
lU
9
173
m
169
1U3
172
157
1
7
30
17
10
13
120
2l*
66
37
33
15
25
15
18
10
272
Wt
36
22
15
18
151
22
34
68
12
15
21*
97
117
238
689
757
821
7U9
866
926
26
28
SU
P
68
63
59
Interest
on the
pablie
debt
29
188
290
22
1*8
57
57
Social
Security
and
Ballroad
Batlronent Acta
2^
712
533
193g-IfoT.
Sec.
i9
ClTlllaa
ConaerTatlon Corps
23
31
8
Includes public buildings, public hlg^va^. rivers and harbors. Tennessee Valley Authority, Sural Blectriflcatlon and Beclamatlon
projects.
Included under Hecorery and Belief In these years.
Expenditures
-
Recovery and Relief
(In mllllona of dollars - on baals of dally Treasury atatemeats, uarevlaed)
Public works. Including work relief
71 seal year
Belief
or month
WPA3/
193l».
1935.
1936.
1937.
193s.
1939.
1938-HoT.
Dec.
1939-Jen.
»eb.
Mar.
1/
2/
3/
4/
•
(
)
38
385
2.763
3.369
1933-
Other
U9I*
8l6
1,81*1*
1/
2,31*8 1/
985 1/
78
Agricultural
Aid
(•)
U8
1,261*
78l*
3.073
2.238
3.105
1.896
7U1
1.1*72
2.21*0
31*2
2U8
309
191*
258
60
(1)
^'
9
219
606
297
Apr..
Kay..
June.
266
262
252
173
173
167
6U
61
60
July,
Aug..
Sept.
220
321
170
ll*9
60
51
55
Oct.
Hot.
175
182
113
112
13U
106
61*
50
61
303
182
36
(U)
198
7
8
10
11
3
125!*/
lU
20
32
25
2
16
(•)
2
11
9
9
52
8
61
9
Includes funds expended for ClTlllan ConserTatlon Corps during these years,
Includes $9^.000,000 restoration of capital impairment of Commodity Credit Corporation.
Prior to fiscal year I9HC figures luclude National Youth Administration expenditures.
Includes $119,599,918.05 restoration of capital Impairment of Commodity Credit Corporation.
Less than $500,000.
Indicated excess of credits, deduct.
Mlscellaaeoua
loU
215
298
170 2/
36
75
185
160
201
251*
1*1*
1*9
3.W1
6
Aid to
home
ownsra
.
6
Expenditures
-
Revolving Funds (Net), and Transfers to Trust Accounts, etc.
(la mllllone of dollare - on basie of dall7 Treasury etatement, onreTleed)
Transfers to trust aocounts, etc.
B«TolTln£ funds (net)
Tiecal year
or month
Agricultural
Aid
Total
7U
1933
193^
1935
1936
1937
1938
1939
U96
3^5
11
20U
la
92
I93S-H0T..
See..
1939 -Jan..
Feb..
Mar..
7
4
5
10
6
Apr.
May..
June.
July.
Aug..
1
11
Sept.
5
Oct..
Not..
7U
PuWle
Vorks
Old-Ago
Total
fieeerre
Advances to
OoTernment
Adjusted
Ballroad
Employees'
Ballroad
Serrlce
Betlrement Certificate Unemployment Betlrement
Insurance
Tunde
Account
fund
Account
(U.S. share)
I
I
Account
I
.
.
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
July
nscsl
1938
1939
Income tsjces:
Corporation
Current
Back
Individual
Current
Back
ETcesB-prof Its.
yeax I9U0
12.U28
10,971
11,708
8.289
223.107
55.327
IlBCal
year 1939
317.920
1*7,1*69
7.991
5.733
577
7.21't
163,011*
2U1*,197
5.300
578
31.856
5.6O8
30.121
12.026
Total Income taxes.
3^,298
36,1*91
1*78,912
651.733
Tax on unjuet enrichment.
630
1*3
2.856
2.721
Miscellaneous
Internal revenue:
Capltel stock tax.
Estate tax
Gift tax
Alcoholic beverage taxes:
Distilled spirits
(imported, excise)
Distilled spirits
[domestic, excise)
Distilled spirits
rectification tax
Wines, cordials, etc.,
(imported, excise)
Wines, cordials, etc.,
(domestic, excise)
Brandy used for fortifying sweet wines
Dealers in distilled
aplrlts; rectifiers;
manufacturers of etllle
(speclfJ. taxes)
StempB for distilled
spirits Intended for
export
Case stamps for
distilled spirits
bottled In bond
Container stamps
Floor taxes
Fermented malt liquors...*
Brewers; dealers In malt
liquors (special taxes).
Total alcoholic
beverage taxes
July
1 - Novemtier 30
SonrceB of Revenu.
Sources of Bevemie
36I*
367
22,6U2
2.883
29,058
2.U26
3.061
130. 851*
161.128
3.975
12,191
125.753
139.683
2,61*6
10.929
ao
31.617
125.071*
112,852
1.68U
1,1*00
5.39't
i*.739
35.
69
75
257
205
772
659
2,838
2,1*70
50
1*9
677
296
Miscellaneous internal
revenue - continued
Manufacturers' excise taxes:
Lubricating oils
Qaeollne
Tires and Inner tubes
Automobile trucks
Other automobiles and
motorcycle s
Parts or accessories for
automobl le s
Electrical energy
Radio sets, phonograph
records, etc
Mechanical refrigerators..
Firearms, ehelle, and
cartridges
Pistols and revolvers
Toilet preparations, etc.,
(including repealed
5i tax)
Hatches (including
repealed taxes)
Brewers' wort and malt
(repealed as of f/l/^B).
Articles made of fur
(repealed ae of 7/l/38).
Sporting goods
(repealed as of 7/l/38)
Cameras and lenses
(repealed as of 7/I/38),
Chewing gum
(repealed as of 7/1/38)
llU
117
i*,l6l
1*0
1*26
U.650
10
19.263
120.61*1
163
M.325
3.972
117.691
57
56
2.290
2.372
61,020
57.573
278.671
261*. 382
1.305
1.303
6.125
6.006
9
11
1*8
1*8
2
3
1*0,517
8
226,1*02
213.1*75
1
Tobacco taxes:
Clgsre ( 1 ar ge )
Cigars ( email)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing
and smoking)
Cigarette papers and tubes
Leaf dealer penalties, etc.
U3.38U
58U
Total tobacco taxes.
1(9,976
H.535
'1/
9
575
2,786
2,797
i*.995
23.963
U68
23.736
602
''1/
1*7.539
1
259.800
21*6,671*
Total documentary, etc.,
stamp taxes
l.Uoi
1.597
7.656
8.31*1*
1.275
2.226
378
7.228
1.795
7.916
1.705
88
70
Mo
21*9
1/
3.127
U.212
16.767
18.281*
Payroll taxee:
Social Security tajee
(Social SeCTirlty Act):
Taxes with respect to
employinent (Federal InBujance Contributions
Act) 2/
Tax on employers of 8 or
more (Federal Unemployment Tax Act )
17.317
2.512
1U.65U
93.292
12,571
1,685
2.591
1.037
13.960
8.327
761
3.396
668
3.272
3. 908
16,921
15.962
568
176
2.328
3.963
2,081*
2.231
28
1,810
3.01*6
1.979
21
60U
831
3.331
5,016
1
6
1
111
1
1*
15
38
75
211
3
11
52
691
1
1
2
180
1/
1/
106
31.399
9
181,856
161.755
U21
8.787
1.552
3>*.330
1,28U
30.713
1.551
1.953
10.155
10,015
1.039
1,013
U.77'*
U.586
150
l'»5
798
779
2.118
1.985
8.7't6
8,291*
53^
536
2.U61
2.513
1
1
11
12
9U
103
1.192
1.356
22
2l*
211*
212
2.660
10,189
11,1*98
3
5
2.576^
1/
1/
113
198
17.299
15.2^7
7>t.538
71.1*65
191.510
185. 659
1.107,589
1,030,6U2
881
291.233
255.651
87,280
61*,
^
5.730
lt.771*
22.518
20,751
Total Social
Securl ty taxes
93.010
69.655
313.751
276,1*02
20,167
12.321*
113.177
81.979
50.513
36U.26U
329.79"*
572
1.953.621
2, oil*. 890
Carriers' Taxing Act of 1937
Total internal revenue
I
13.797
101,1*26
,
Total payroll taxes
Less than $500.
Formerly Title VIII.
Formerly Title IX.
2.1*69
18.809
2.979
193
3^.196
Miscellaneous taxesi
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph,
radio and cable facilities, leased vires, etc.
Transportation of oil
by pipe line
Leases of safe-deposit
boxes
Admission to theaters,
concerts, cabarets, etc.
Club dues and
Initiation fees
Adulterated Eind process
or renovated batter, mixed
flour and filled cheese.
Oleomargarl ne 1 ncludlng
special taxes
Narcotics, Including marihuana and special taxee.
Coconut and other
vegetable oils processed
National Firearms Act
All other. Including repealed taxes not listed
above
Total miscellaneous
Internal revenue...
l»ll
2.988
18,U26
3,6U2
230
y\
Total miscellaneous taxoaj
Documentary, etc.. stamp
taxes:
Bonds of Indebtedness.
Issues of capltEil stock,
deeds of conveyance, etc.
Capital stock and similar
interest sales or transfers
Playing cards
Silver bullion sales
or transfers
Sales of produce for future
delivery (repealed as
of 7/1/38)
riBcal
year 1939
1938
U.368
1.209
98
19.192
1.2U0
Fiscal
year igltO
1939
550
10
Total manufacturers'
excise taxes
NoTember 30
1 -
.
339.615
301*.
53.392
.
.
Collections of Internal Revenue
(In thousande of dollare - en basis of reports of collections)
Payroll Taxes
Income and Profits
Social Security Act 2/
Fiscal year
or month
Corporation 1/
Total
1929
2.939. 05U
1.235.733
3.oUo.lit6
2.33l.27'»
2.1)10,259
1.095. 5U1
1930
1,11*6.81*5
1.263,1*11*
1931
1932
1933
2,1128,229
1.860,OltO
1.056,757
1.026.393
629,566
193"*
1.557,729
1,619,839
2,672.239
1935
3. 299. '•36
819,656
1.105,791
833.61*8
1*27.191
352.57"*
1*19.509
527,113
578.678
3,520,208
l,lt27,Ul«
>'.653.195
5,658,765
2,173,769
2,622,813
5.181,57't
2,178,1*31
304.572
662,252
36.1*91
1*81. 509
315. 8U5
51.59s
1936
1937
1938
1939
1938-Kov.,
Dec,
19 39- Jan.,
reb.,
Mar..
71*6,791
333.517
57.52"*
691,1(01
1*98,1*71*
Apr.
May.
279.986
315,036
June,
568,61*6
July,
Au£.,
Sept.
397.1*21
62l»,25l*
292.21*1
36,122
31*, 298
Oct.,
Hov.,
39l*,218
1*00,11*7
753.032
U8
1,286,312
,082.028
,336.501
265, 7U5
71*2.660
1,028.831*
,l''9.597
71*0,1*29
12.513
213,622
23.978
267.887
81.979
2.939
19.067
32.333
291,215
32,531
25,191
207,259
67U."*l6
1,091.71*1
1*8
Total
Capital
stock
58.119
90.267
101,167
1"*9,"»76
12,61*7
601
'*.731
2,l*ll*
1*83
U2
98,992
125.870
3.855
59.035
7"*. 571
25.150
ll*,807
37.69"*
1.7"*7
13,605
-302
51*2
UOl
663
1.613
12.961
12,985
61*,
2,1*10
2U,328
69,68"*
19,61*7
2l*,785
93.0"*"*
62.529
73.682
190,200
16.252
2,60l*
1*3,699
33.'«96
11.318
72.75"*
66.11*1
73.555
5.098
6,052
17,81*0
151.177
32,381
23,019
180.121
97. W7
331.293
12.308
2.37"*
1*91
9,1*1*3
8.172
27.950
61,882
87,280
1.5't«
20,51"*
68.578
113.177
5.11*8
13.721*
5.730
20.167
ll*,96i*
10.i*77
Estate
and
01ft
Manufac-
Alcoholic
beverage
Tobacco
61,897
61*. 770
12.777
11,695
U3I*, 1*1*5
1931.
1932.
1933.
568. 189
"*8,078
10,1*32
"*"*"*,
500,972
"17,1*22
8,70"*
310
113.138
212,112
"*3.17'*
1935-
873.0"*8
l."*81,l60
1.667,1*23
1936.
1937.
1938.
1939-
2,021,075
2.307.608
2.287.075
2,256,031
3"*.
9i*.9i*3
139.3'*9
378,81*0
305,51*8
U16.87I*
127.203
360,715
137. "tgg
1938-NoT.
185,659
36I*
29,32"*
Dec.
177.01*1
322
33.701
1939-Jan.
Feb.
Mar.
l6l*,858
300
l"*9,685
161*
188,771
213
27.828
22.062
1*2. U61
I70,"*l*l*
lUl
180
131
33.626
22.533
36.177
1/
2/
2/
Apr.
May..
June.
176.891*
July.
Aug.
Sept.
183,111
265,886
280,095
Oct.
Nov.
186,987
191.510
197.695
1.937
767
'*50,339
61*.
173
77.729
166
3"(.322
31*1*
25,010
277
398.579
138
18,310
57.578
66,580
2H7.751
390,038
"(11,022
1*02,739
1*25.169
'*59.179
"*3.133
3"*2.275
87, "196
11*7.156
108,191*
505,1*61*
501,166
379.5"«>
59!*, 21*5
552. 25"*
568. 182
68.990
69.919
"tl(9,85"(
1*6,233
1*1,083
Ul6,75U
396.891
31.399
31.087
258.911
567,979
587,800
580,159
32,21*1
Unjust
enrichment
Agricultural
Adjustment
1"(,026
57.573
51.270
"*7.539
"*3.815
1*,212
38.151
35.918
"'7.359
1*0,837
3"*.
1*7.356
"*9
3.831
3.198
3.126
1*6.277
'*2.539
1*9.1*61*
53.106
56.506
51*,
982
7"*. 52"*
29,1*71
52.0U1
56,151*
1,98"*
29.185
25.525
56.363
61.020
367
turers'
"•6,95"*
51.655
53.113
56.519
2"*,
Stamp
Hiscellaneoue
1.515
excises
607,780
629.887
80,168
91.508
109.1*27
163,668
1929.
1930.
193"*.
287
207.339
502,917
529.835
Miscellaneous Internal Revenue
Tlecal year
or month
Carriers'
Taxi eg Act
of 1937
1*32
39.292
339.615
Unemployment Tax
Act
353.868
1*1*,
300,091
Insurance
Contributions
Act
Total
,
321
3.895
371. "t23
526,222
92.132
98,289
6.073
131,70"*
6,a7
162,180
6,683
15,21*8
Uit3
12.951
763
71.637
355
33.950
3"*. 116
13,03"*
397
13.556
12,178
1*38
2,962
3.070
2.716
31.750
35.251
13.1"*9
566
666
831
2.602
3.261
1*0,038
3"».627
13.290
12.556
301
1*8,629
56,980
51,128
3i(,"(i(0
13.1*83
l"*.097
3.19"*
i*"*,5"t8
16,511
53.087
1*,58"*
28,635
13.11*9
55"*
1*9.976
3.127
3"*.l96
17.299
630
527
592
553
Including excess-profits tax collectlone.
For the period prior to September 1930 the data In the columns entitled "Insurance Contributions Act" and "Unemployment Tai Act" represent
collections under Titles VIII and IX. respectively, of the Social Security Act.
Including tax collections under the Sugar Act of I937 and under the dividends tax Imposed by the Act of June I6, I933.
LU
1-
<
Q
..
,.
,
10
Customs Duties and Taxes Estimated, and Value of Dutiable
and Taxable Imports, by Tariff Schedules
(In thoaeandB of dollars) 1/
Month
Duties and taxei
193g-Oct
Hot
Deo
1939-Jan
?eh
Mar
Chenlcale,
Earths,
oils, and
earthenvare
paints
and glassware
of 2/
1,132
i,ouo
766
2,211
2,201
1,836
208
186
175
3.961
2,096
1,209
2,209
1,990
1.592
1,1»U
l,6ao
1,908
6U6
688
929
1,696
1,61 J
1,804
181
162
209
78U
1.931
1,521*
1,81*1
2.21*6
'^^
202
169
188
2,220
890
2,652
1,780
1,720
3,501*
2!U62
2,122
1,7U8
1,998
2.635
M
i*,778
1,918
lUO
5,313
8,3U6
1.957
l».305
2.OU5
5,302
»tay
Jane ....
3,201
2,1*76
1,066
916
820
850
765
5.192
61*5
2,021
8U7
710
936
1,262
698
830
771
7UU
807
908
2:l?6
5.709
1.97'*
2.1*79
5.236
it,59U
2,1*71
2,1*88
3.889
2,302
1,321
779
Aug
Sept ....
1.37't
827
986
871
80I*
82U
Oct
1.715
909
2.91*3
186
U.978
2,06l
5. 51*5
3.3«3
913
761
U,gi3
6,729
6,662
5.782
1,1*78
8.589
3.778
1.556
3.11*0
2,257
2,071
1,791
1*,168
3.223
2,216
15.236
1U,7S1
13,302
6,081
',070
2,U6o
2,231
1,829
106
U.39S
5.151
1.592
1.651
2,231
6.733
6,029
6,712
1,11*9
2,1*01
1,1*27
5,990
3.115
b,36o
8.
9,lAo
6.293
6,oUU
1,310
1,302
1939-Jan
Peh
Mar
1»,665
It,
1,231
1.079
2.192
3.627
3.'*87
3.1*18
6.51*2
15,1*81
U.376
2,167
3,817
3,289
15.55^
l*,572
ll*,912
1,1*11
5.155
5.787
7.711
12,035
'•.365
1*,088
6,a7
1,266
9.631*
12,251
12,939
15,10c
17.585
1*,270
U.123
2,051*
July
1.951
2,226
1.959
6,71*7
l,3't7
11.339
Sept....
3.728
3.833
3.822
9,189
l,UlU
15.31*8
3,005
3.583
3.012
Oct
11.656
2.035
9.626
2,21*1*
7.a7
3.175
titles and taxes:
193S-Oct
Hot
Dec
Silk
manufactures
Manufactures
of rayon or
other synthetic textile
Papers
and
hooks
Sundries
1/
3.6U6
Total
it/
9
169
3,010
680
2l*
"J
196
2.771*
721*
3.381*
815
15
19
21*1*
850
,207
,217
Adjustment
to dally
Treasury
Statement
(unrevlsed)
+1,821*
328
877
U.711
1*,098
Total,
dally
Treasury
Statement
(ujireTlsed)
30,797
27.338
25.121
23.708
22,000
28,539
+610
+361
+727
23
17
56
27,653
21*, 679
2l*,l89
1,781*
+639
+328
29.U37
25.318
26.517
936
1*3
2l*.0lU
1,511*
37
28
27, 15**
59
2,1*57
,028
,022
187
1,1*08
25,52s
27.213
35.595
3,077
1.035
21*
31,060
1,358
32,1*18
1,080
1,038
913
10,21*8
10,61*2
6
11,001
2,906
2,592
2,805
73,780
67.583
61.958
918
917
1.052
11,208
11,310
12,993
2,228
2.385
2,582
28
25
66.031
60,375
76,132
1,51*1*
13.906
9.982
9.015
2,91*0
U
78,61*2
3,687
3.777
8
UlU
792
727
899
86
68.570
65.299
350
613
763
802
9,020
631*
9,335
3.179
3.222
3.128
83
10
28
65.71*3
11,01*8
1*51
901
987
619
1*52
836
862
11,169
3.563
25
79.11*6
2l*5
Apr,
May,,
June.
2.118
2,368
2.397
217
220
220
232
273
297
165
150
3.612
2,592
July.
Aug,
Sept.
2,508
2,662
3.569
182
321
2Ul
231
262
190
171
185
122
2,1*51*
3.031
238
238
167
3,206
2,712
2.055
663
559
508
720
51U
1939-Jan..
r«b..
Mar..
l*,239
Ull
369
692
3.388
lt,ll*0
1*68
861
Apr.
Hay..
June.
3.032
3.366
1*12
3.1*23
3.651*
3.8O6
2,531*
2l*,2l*l*
232
226
276
Oct..
l».337
5,711*
28.973
27,010
216
U,102
5.120
U.338
3.U3^
2,21*7
17
18
W6
July.
Aag.
Sept.
2,125
2.153
822
763
800
186
168
2,729
2,1U2
2, 860
Dec.
3.277
3,608
9.277
3,1?1*
2,81*8
229
299
269
1939-Jan..
Feb..
Mar.,
Value;
193g-Oct.
Not..
KlscellaneouB
2,005
2,6oU
3,731
3,539
l*,20lt
3,21*0
351*
1,829
Oct..
Free
list
790
801
2.356
2,085
2,002
235
220
183
2,01*6
1,1*79
9,063
15.932
13.261
June ....
Vool and
manufactures of
7,11*1*
2,725
2,669
3.128
1.093
3,100
1.959
153
1,831*
2.331*
Apr
May
Aug
I
Tl&x, hemp,
Jute, and
manufacturee
of
U.iW
3.5^8
5.051
5.293
W.773
Cotton
manufactures
1.052
1,278
Value:
1938-Oct
Mot
Dec
Hote:
Spirits,
wines, and
other
beTerages
1.795
1.871
l.Ugi
Apr
Jul/. ...
Sn^ar.
Vood and
Metals and
Tobacco and Agricultural
molasses, and
manufactures manufactures
manufactures products and
manufactures
provisions
of
of
of
1*18
1*1*3
731*
882
829
2,1*13
9
5
5
3"*.
318
22,361
29.266
21*.
72,001
85,019
The amount of customs duties and taxes Is calculated on the haaie of reports of the Bureau of foreign and Domestic Commerce, showlog the
quantity and value of merchandise Imported,
Figures are rounded to nearest thousand, and will not necessarily add to totals.
Includes taxable sugar from the Philippine Islands.
Duty-free commodities taxed under the Hevemie Act of 1932 and subsequent acts.
Articles dutiable under paragraph l6l5 and repairs on vessels dutiable under Section U66 of the Tariff Act of 1930; the taxable copper
content of dutiable articles taxed under the Revenue Act of 193^ 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 commodltiee under the revenue
acta and the Sugar Act of 1937 are Included In appropriate schedules.
. ...
11
Estimated Receipts from Taxes Imposed by Various Revenue Acts
on Imports into the United States
1939
1938
Article
Dec.
Mar.
Feb.
Jaa.
June
July
Aug.
$71*7.021*
$688,585
$531,266
$501,758
$561,192
$501,327
175. 6U8
ll«l,622
156.573
111.578
102,482
376
3
35U
600
l.'»43
Hay
Apr.
Oct.
Sept.
Duty-free
artlclee l/:
Crude petroleum..
$U38,7U6
$387,938
$ll61t.821
101,372
126,058
136,560
$287,862 $281,991 $297,665 $50U,108
Fuel oil,
etc. 2/
Gaeoline or
other motor
fuel
667
1
3UI
Lubricating oil..
978
27
1.1*77
Paraffin and
other petroleum
war products. .
111,501*
116,562
519
551
11*5,922
95.381
121,890
1
9
1.U63
10
776
606
1
1,"*55
l5,6lU
2.582
8.217
29.925
20,960
17.931
13.972
1*7,622
27.228
23. 71*5
28, 21*3
37.634
52.090
Seed oils
129,666
167. 03U
132,357
175.'t50
161 ,01*2
231.396
119. U39
176,382
190.81*2
11*6.799
256,51*1*
253.957
258.943
Oil seeds
114,085
32.559
211,023
32. "tU
51.363
36.531
1*2,130
27,225
33.278
38,1*25
28,950
23.523
17.065
.
Animal, fish and
coconut oils.
197
608
80
1*0
15
781
59.1*13
72.278
85.793
3i*,2ii0
36,688
17.930
70,768
12,685
16.013
12.775
13.275
ll*,io5
17,270
17.95"*
ll*,l*21
31.035
166
2.688
2.381
ItUl
562
2,238
166
679.929
723.738
814,587
1.021.721
1.035. 180
$20,595
$22,882
$59.95"* $228,714 $136,018 $253,585 $370,204
l'*,735
7.75"*
13
126
66
ll*2
99
Copper
76,155
32.966
19.55"*
29.953
78.318
61*.
Lumber of
specified types
lU.350
12,U5l
11.223
12,163
332
1,U9U
1,651
821,978
763.236
800,290
$66,019
$"11,776
5U,it2l
30.607
.
.
Coal and
related fuels...
Total.
Dutiable
articles
850,217 1,3)6,914 1,216,656
935.959 1.027,932
^:
Cane su^ar
Cane sugar (from
Philippine Is.).
35, 91'*
47,247
96,210
143,728
135.286
$396,050
$'*35.529
$757,843
$152,795
34,708
55.168
59.481
42.155
20,786
16,682
7.516
36
565
6
2
Beet su^ar
Articles composed in chief
value of manufactured sugar..
2,111*
2,1*5
1,438
3.917
2.663
3.062
2,641
5.170
19.373
l\jel oil,
1
ate. 2/
Lubricating oil.
Paraffin and
other petroleum
wax products. . .
Seed oils
24
10
23
5
19
7
25
50
11
168
211*
220
85
222
62
37
49,884
15.391
17.399
22.419
15,500
831
926
1.355
I.8I6
1,386
Animal and
fish oils
Palm oil
10
42
44
17
41
19,865
19
4o6
3
15.441
22,486
14,324
15.989
16.585
1.771
1,008
1,500
850
1,610
16
100.869
71.67U
9.900
570
761
1.357
'*5
957
1,564
1,009
802
515
695
671
786
322
5"»7
923
1.095
419
456
873
1.242
512
Copper
12,92U
16,066
8,9U7
10.779
10.675
13.566
21.619
13,128
8.432
7.350
16,479
7.842
9.797
Lumber of
epecifled types
118,623
39.533
1*1,786
42,626
42.785
54,988
52.867
32.955
38.243
29.940
29,927
33,531
60,207
285,561
202.969
98.701
137.207
170.553
367.487
336.411
464,111
575.939
532,864
575.724
895.250
291,228
1,107.539
966,205
898.991
817,136
894,29114.82,074 ia86,628 1,671,025 1.792.595 1,468,823 1.603.656
1.916.971
1,326,413
Coconut oil
(from Philippine Islands)
.
.
Coconut oil
Total.
Orand total,
Hote:
1/
2/
3/
Bates of tax for the respective artlclee are ahovn in the September Bulletin, page 11.
The total of the taxes herein corresponds to the total of the column headed "Free List" in the preceding table.
Fuel oil and gas oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or other
motor fuel.
The total of the taxes herein corresponds to the total of the taxes on copper and exigar in the Miscellaneous column in the preceding table,
plus all taxes included In appropriate tariff schedules.
13
Computed Duties Collected, by Countries, Fiscal Years 1938 and 1939,
and Fiscal Year 1939 by Months
(In thousands of dollara)
Country
u
.
6 9
3
«
6
B8
U
9
13
Receipts and Expenditures under Social Security Act
(la BllllODi of dollars - on basis of dally Treastiry statemeatfl. unrevised)
Expendltxires
Baealpts
Xnployiiwnt
Tlaoal 7«ar or nonth
taxes
Title VIII
1936.
1937.
1938.
1939.
Tax on Ibployers of
8 or more*
(Title II,
Sec. 901)
19'».3
51U.U
Total
BacelptB
Unemployneat
coopeneatlon
adnialttratlon
1/
.6
•9
6tik.\t
15.8
20.0
631.2
a.
9.1
U1.9
58.9
Assletance.
•tc.
26.9
157.8
229.6
261.U
32.0
32.0
60.3
U5.9
26.
21.
19.
30.
21.5
37.0
50.0
50.0
69.5
76.0
73.2
35.0
30.5
15.6
55.0
50.0
56.0
91.8
82.1
5.3
26.0
26.1
10.3
8.8
7.t
2.3
32.5
26.3
15.3
^1.3
33.7
17.6
1*3.0
86.0
83.7
62.5
11.1
1.0
32.6
21.0
'*3.7
1*3.0
22.1
1*3
'}
20.
11.
1.7
3.S
1.7
1.8
1.7
U.6
2.6
2.2
29.9
118.2
U.O
1.8
1.8
1.8
9.0
1.7
1.9
1.9
.9
1939-J«n..
reb..
Mar..
28.9
102.2
2.2
12.9
52.1
1.7
Apr..
Me?..
June.
27.1
109.1
3.3
2.8
9.1
July.
Aug..
Sept.
32.7
106.6
2.5
2.7
8.1
^c
35.1
IIU.6
3.0
Oct..
Hot..
31."
117.5
2.9
8.0
125.5
15it.U
.7
31*.
U.l»
1.8
28.
26.6
12.3
1.7
1.6
.5
27.8
166.9
271.5
320.3
W7.7
102.8
3.0
7.1
to
265.0
387.0
503.0
252.2
95.7
2-5
Total
grant
states
57.8
90.1
100.9
Dec.
l93g-!ioT..
Befunde to
Transfers
Btatee of
Total
to Old-Age
taxes colIxpesdl'
Beserre
lected under
tnres
Accounts
Title IX. See,
iMtle n)
901 2/
Orants to States
AdnlnistratlTe
Kzpenaee
1*0.6
2l(.2
U8.0
U3.0
.0
719.1
8>|1*.6
73.'*
87.6
66.9
Figures In thle and four succeeding tables are rounded to nearest tenths of Billions and vlll not neceesarlly add to totale.
Includes only expenditures from appropriations made specifically for admlnlstratlTe expenses relating to the Social Security and fiallroad
Retirement Acts. Does not Include adjnlnletratlTe expenses payable from other appropriations. The principal agencies in the latter group
are the Bureau of Internal Bevenue of the Treasxiry Department, and the Public Health Service and the Office of Education of the Federal
Security Agency.
Second Deficiency Appropriation Act, fiscal year 1938, apprOTed June 25, 1938, carried an appropriation of $1*0,561,886.1*3, pursuant to
authorisation of Aug. 2U, 1937, for making refund to certain States of portions of Federal employers' tax for 1936 collected under title
IX of the Social Security Act.
Note:
1/
2/
Old-Age Reserve Account
(la alllloas of dollare - on basis of dally Treasury statements, unreTlsed)
OumulatlTe as of end
of Fiscal Year
or month
Appropriations by Congress
Transfers
from
general fond
265.0
652.0
1,155.0
113.0
1939 -July.
1.198.0
507.0
Aug..
Bept.
1,21*6.0
1*59.0
1,289.0
Oct..
Hot..
1.332.0
1,375.0
1/
Unexpended
Interest
Balance aallable for
transfers
1936,
1937.
1938.
1939.
Balance
Ixpendltures
Becelpts
Iltrest-
Total
Bseelpts
Benefit
Paynents
InTestsasts
Total
aeata
priations 1/
267.1
662.3
1.177.2
,199.
19.3
267.2
777.2
1,180.3
71*9.
20.7
22.0
22.7
1,728.9
1.727.6
1,726.9
1,220.2
1,263,2
1,306.2
23.6
Ik.k
1,726.0
1.725.2
1,31*9.2
265.0
765.0
1,155.0
2.3
17.7
UU.6
1*1*.
U16.O
1,705.0
1,705.0
1,705.0
Ui*.6
.71*9.6
373.0
330.0
1,705.0
1.705.0
i*i*.6
.71*9.6
I4U.6
,71*9.6
267.3
782.7
,
lti|.6
To credit
of appro-
.71*9.6
disbursing
officers
.1
.1
113.0
1-9
3.0
.1
U16.1
1.6
5-3
U.6
373-1
330.1
3.8
2.9
507.1
1*59.1
1.392.2
To credit of
Includes balance of appropriation available for transfers.
Unemployment Trust Fund
(In Billions of dollars - on basis of dally Treasury statements, unrevleed)
Balance
Ixpendltures
Beeelpta
Unexpended balances
OnsolatlTe as of
end of fiscal
year or month
Deposits
by
states
i/
Deposits
by
Ballroad
Batlrement
Board
Advanced
from
Appropriations
I8.9
310.6
1,058.2
1.869.5
1936.
1937.
1938.
1939.
1939-July...
Aug. ..
.
Sept
. .
Oct
Hov....
Intereet
Investments
.1
2.8
18.0
1*1*.8
1,912.1
2,066.3
2,079.0
.3
2,133.1
2.276.3
.6
.3
.3
1.2
15.0 2/
15.0 2/
15.0 2/
Ult.9
15.0 2/
15.0 Sj
U5.0
W*.9
1*5.
1*5.0
With
Total
Beoelpts
drairals
by-
States
Ballroad
unemployment
benefit
payments
Dlsbursl^
Total
expenditures
18.
18.
3l3.'»
1,076.2
I.91U.3
Total
1.0
192.0
633.8
1.0
192.0
633.8
1.972.2
2,126.5
2.139.3
675.U
715.1
753.6
2.193.7
2.337.5
776.5
8O5.I
.1
.9
2.2
3.3
U.2
312.1*
881*. 2
1,280.5
675."
716.0
755.8
1,296.8
779.8
8O9.3
1,1*13.9
1,1*10.1*
1.383.5
1.528.2
Investment e
18.9
312.3
872.0
1,267.0
Trust
account
account
(Railroad
unemployment
benefits
and refunds
.1
12.2
13-5
1,253.0
1,382.0
1.363.0
28,9
ll*.9
li*.l»
7.7
lU.l
12.8
1.370.0
1,512.0
32.2
5.^
11.7
10.8
1/
emounting to
Includes in 1938 the proceeds of refunds to States of taxes collected under Title IX, section 90I of the Social Security Act,
2/
Adviaced toBailroad Dnemploymont Ineurance Account, pursuant to Section 10 (d) of the Ballroad Onemployaent Insurance Act of Juno 25, 1938.
Such amounts advanced to be repaid on or before January 1, 191*1.
9
.
8
2
8
7
14
Receipts and Expenditures Under Railroad Retirement
and Railroad Unemployment Insurance Acts
(In millio&« of dollars - on baala of dailjr Treasury statements, unrerlsed)
Ixpendltures
Becelpts
Taxes apon
carriers and
their enployees
Tlseal year or nonth
1936
1937
1938
1939
AdalnlstratlTe
Zxpansas
Transfers to
Ballroad Kstlrement Aoot.
Transfers to
Ballroad UnInsurance aocoiint
Total
Srpendltures
ttiDploysient
.3
.U
150.1
109.3
1.5
2.6
3.3
1938-HoT.
Ilec.
86.5
.2
1939-Jan.
ret..
Mar..
27.5
•
.9
.3
1.5
1U9.0
IIO.U
1U6.U
107.1
3
.3
.3
.3
16.5
16.5
16.7
1.5
1.8
16.
.3
18.
18.3
Apr..
June.
6.1
21.1
July.
An«..
Sept.
U.U
23.7
Magr..
Oct..
Nor..
1.2
37.U
15.0
21.9
18.1
7.1
.7
18.
7.7
10.0
10.0
10.7
10.5
Railroad Retirement Account
(In fflllllons of dollars - on basis of dally Treasury statements, unrevlsed)
Sxpenditores
Becelpts
Unexpended
Appropriations by Oongrees
OoBiulatlTe as of end of
Tlscal year or month
1936.
1937.
1938.
1939.
1U6.U
253.5
1939-July.
lug..
Sept.
Oct.
Hot.
1/
2/
transfers
Balance
from
general sTat labia
for
fund
transfers
1/
.1
11.3
293.5
300.7
109.5
91 .U
gU.2
310.7
320.7
7U.2
6U.2
275.'*
Interest
Total
Investments
Benefit
Total
Becelpts Payments
Total
Investments
To credit
of
appropriations
2/
U6.6
ue.e
1U6.5
26U.3
381*.
38U.9
38U.9
381*. 9
38l*.9
U6.6
i*£.6
U6.6
U2.6
68.1
82.8
66.2
67.2
1*6.6
3.6
11*7.9
268.1*
u.o
79.8
185.6
3.6
3.6
3.6
388.5
388.5
388.5
19U.7
203.8
212.9
193.8
18U.7
175.6
69.1
77.2
77.2
3.6
3.6
388.5
388.5
222.1*
166.2
231.7
156.
77.2
77.2
1.1*
Transfers from general fund were not reflected until July 1, 1937.
Includes balance of appropriation available for transfers subsequent to June 30, 1937.
To credit
of disbursing
officer
36.6
.2
13.2
111.
6.0
1.6
2.3
8U.
13.3
IU.2
lU.l
7U.3
l''.7
61*.
15. '»
93.
15
Cash Income and Outgo of the Treasury
(These figures are not Intended to reflect the budgetary poeitlon of the Govemment.
They will not agree with budgetary figures on
receipts, expenultures and deficit such as those appearing In Dally Treasury Statemente and in other tables In this Bulletin. For
an explanation of the revisions made in Dally Treasury Stateaient figures to arrlTe at this cash series, see the text In Tebruary
Bulletin. All figures in the table at the botton of the page have not been revieed In accordance with that explanation.)
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1934 to Date
DOLLARS"
1934
1935
1936
1937
1938
1939
DOLLARS
Millions
Mil lona
I
,200
Cash Income
1.000
1.000
800
800
400
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
I.
200
.000
1,000
800
400
TREASURY
GENERAL
FUND
-17-
AND
PUBLIC
DEBT
81
..
18
Composition of General Fund
(In sllllonB of dollars - on basle of dally Treaeuz? statementB, imreTiBed)
Current aesete
End of flecal
year or month
"•orldag"
balance
Increment on
gold
Seigniorage
InactlTB
gold
Total
S62
2,582
1933
193'»
l.gltl
1935
1936
1937
193s
1939
1,001
2.225
970
1,628
2,160
2,6«2
2.551*
2,216
2,838
Bullion,
coin and
currency
1,103
3.033
2, 016
2.936
2.709
in red.
BeeerT*
Bankfl
51
837
97
118
862
lUl
929
1,022
1,851*
799
1,151
6U9
611
7T7
^1
76
570
1.033
736
888
t
178
202
876
873
866
66
186
68
68
2U6
858
792
777
1*1*6
IU2
2.1*19
536
11*2
3,087
2,625
3.285
1,265
3.119
3.517
3.635
1,
1,
313
792
1,222
1.388
1,
329
272
212
975
971
1,022
865
1,863
830
1,212
2,1*7
3.083
1.827
1*78
11*2
2,1*1*9
U92
11*2
1939-Jan.
Feb..
Mar..
2.933
503
508
515
11*2
3.389
2,288
2.693
2,732
Apr..
May..
June.
J.OUli
2.380
11*2
2.92't
2,251*
2,838
2,
522
528
536
IU2
3.230
3,106
3.087
July.
Aug..
Sept.
2,U1*7
1,761
1.539
51*1*
lUa
1U2
1U3
2,800
2.576
2.33^
1.015
986
879
928
Oct..
Hot..
1.913
2.165
1U2
2.077
2.350
890
1,007
318
1938-HoT.
Dae.
3.3't3
2.231
2.178
160
IU2
IU2
11*2
550
55^
1,1*81
1,213
558
561
1,1*62
11*2
2Ul
U5I
isu
700
lUl
1,087
Current
liabllIties
All other
depoBits
and collectio&B
1.01*5
i.oui*
lUO
316
356
11*1
Special depoelts a/c
ealee of
OoT*t.Sece.
Depoelte
l,30fi
1,
1,
1,
71*8
586
1*71
31
37
55
5«
68
71
76
256
156
203
2l*9
186
182
2U9
86
81
111
353
761
758
756
755
113
117
16U
185
31*5
156
statement of the Outstanding Public Debt on June 30, 1939 and Nov. 30, 1939
(In mlllione of dollare - on baBis of dally Treaeury Btatemente. unrevlsed)
Market iBsues, etc:
Pre-war bonde
Treasury bonds
n. S. SaTlQgB bonds
Adjusted SerTlce bondB
Treasury notes
Treasury bl lie
Matured debt on which
Interest has ceased
Debt bearing no interest...
196
25.218
1,868
283
Total Market iesues, etc.
June 30.
1939
Hot. 30, lDcrease(+)
DecreaBe(-}
1939
June 30.
1939
7.2'*3
196
25. 218
2.IUI
271
7.232
1,308
1.1*51*
11*2
98
1*11
1*00
36,669
37.010
Special iBBueet
OoTemment Life Insurance
Tani
Old-A^e Reserre Account
Railroad Retirement Account..
OoTemmsnt retirement funds*.
Adjusted SerTlce Certificate
?und
UnemployBient Trust Fund
Postal SaTin^s System
Federal Deposit Insurance
Corporation
273
-12
-11
11*6
+31*1
Hot. 30,
1939
67
50U
1.392
77
"73
551
-33
+215
+10
+78
20
17
1,512
121
-3
+2U5
-7
537
1.177
1.267
128
Total Special IsBUes
Total
Increase (+)
Decrease (-)
101
121
+20
3.770
'*.295
+525
1*0,1*39
Ul,305
+866
Public Debt Accounts
(In millions of dollars - on baelB of dally Treasury statements, unreTleed)
Seoeipte
Xzpendltures
Market Operations
fiecal year
or month
Market Operations
Adjusted
Cash
't.775.7
Senr.
Bonde
7. 1*75.1
12.7
6.5
539.2
I.I83.8
.5
.5
Xzohanges
Special
Series
Exchangee
Special
Series
Excess
Total
of
Becelpts
3.03it.9
2.158.5
2,567.1
9,620.7
13,083.6
5.166.0
5.301.0
.673.8
,035.9
l.OltO.8
1.1*72.9
8,880.6
9.808.8
928.6
1U3.6
68.1
683.3
2.181.0
501.0
U26.0
928.6
2.0
2.6
503.0
1.357.2
201*.
1*13.9
227.1*
517.1*
1.266.7
30.3
2.9
16.7
1*35.1*
1,266.7
639.5
6UI.3
1.927.5
Ull.O
571.0
89.5
169.5
89.1
1,800.8
126.6
Apr..
May..
June.
1*59.0
.1
68.0
185.8
1*19.8
.1
1*15.5
1,1*13.8
527.5
752.5
2.302.0
521.7
UI8.8
1*15.5
July.
Aug..
Sept.
1*91.2
165.7
180.1
657.3
756.5
1*18.2
1*1*S.U
1*3.
1*91.9
U51.I*
Oct..
Hot.,
551.0
607.6
55.0
606.5
1.311.8
1*19.2
521*. 8
1938
1939
1938-HoT..
Dec.
1939-Jan.
Feb..
Mar..
2,673.8
566.3
1*72.2
576.0
515.2
188.1*
1*05.1
180.3
823.8
29.9
11.9
1.310.0
533-6
a8.9
2,ll*l*.3
157-7
17.1*
1*35-6
75.1
526.5
525.5
221.7
230.0
-33.6
9.0
2.8
1,0U2.8
522.6
515-2
71*0.1
3. 271*.
1*1*9.8
1*28.2
77.7
17s .u
269.0
19
Statement Showing Details of Major Financing Operations of the Treasury
for Fiscal Years 1938, 1939 and 1940
(In millione of dollara)
20
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(In mlllloas of dollars)
Ind of fiscal
year or month
o
z
<
I(/)
I-
D
o
CO
2u
CO CQ
n Q-
OO
UZ
CQ
I-
cn
DC
LJJ
UJ
21
22
Estimated Amount of Securities Outstanding, Interest on Which Is Wholly
or Partially Exempt from the Federal Income Tax, June 30, 1939*
(In mllllooB of dollars)
23
Statutory Debt Limitation
Section 21 of the Second Liberty Bond Act, ae emended, provides that the face amount of bonde. certificates of indehtednesfl,
Treaenry Mile, and Treamiry notes issued under authority of that Act "shall not eiceed In the aggregate $1*5,000,000,000
outstanding at any one time." The following table shoos the face amount of obligations outstanding on December 15, 1939,
end the face amount which can still be issued under this limitation. This limitation does not Include Var-eaTlnge
certificates suthorieed by Section 6. Tlgores are preliminary on basis of dally Treasury statements.
Total face amount of bonds, notes, certificates of Indebtedness,
and Treasury bills which may be outstanding at anj one time
...
24
Amount of Interest-bearing Debt Outstanding, the Computed Annual Interest
Charge and the Computed Rate of Interest
Computed annuiil
Intereet charge
Intereet-bearing debt
Snd of fiscal year or month
$22,157,6U3,ieO
26, UgO, 1*87. 920
193?
193'*
1935
1936
1937
1938
1939
750,677.802
838,002,053
32.755.631.770
35,802,586,915
36,575.925.880
39,885,969.732
1938-Juiy.
Aug.
36,61*1,937.719
.
37,051.561.281
3.350
3. 181
2.716
2.559
2.582
2.589*
2.600*
71*2.175.955
81*2,301,133
27,61*5,229,826
^
Computed rate of
Percent
Intereat:
921*, 31*7.089
91*7, 08U, 058
1.036,937.397
951.738.835
956.207.791
977.271*. 331
2.597*
2. 581*
2.582*
978,601*, 732
2.582*
2.582*
2.586*
Sept.
37.81*9,982,1*93
Oct..
Hot..
Bee.
37.896,865.589
38.068.027,769
38,898,851,391
1939-Jatt..
39.097.233.713
Feb..
Mar..
39.325.!i27.8ll
1,011,231,1*67
1,017.225,01*2
39, 1*1*2,071*. 957
1,026,757.937
Apr.
Ma;..
June
39.525.1*07.813
39,751.011.399
39.885,969.732
1.029,353.995
1.035.271.505
1.036,937.397
2.601**
2.6oi»*
July.
Aug.
Sept.
1*0,113,701.721*
LOW, 251, 926
2.603*
1*0.351,31*8,1*87
1,050. 81*1*. 300
2.601**
1*0,31*1,909,035
1.051,817.1*81*
2.607*
Oct..
Hot..
110.526,11*7,836
1,0514,365,376
1,058,1*87.906
2.602*
.
982,917.801*
1.005,833,188
1*0,806.570.235
2.586*
2.587*
2.603*
2.600*
2.591**
aTerage Interest rate.
"InteroBt-Bearlng Debt" flguree Include discount on Treasury Bills, amount being deducted prior to calculating the
Treasury for 1937. !««« '*^2.
On basis of Daily Treasury Statements. unreTlsed. For basis of other figures see report of Secretary of the
Comparison of Average Yields of Long-term United States Treasury Bonds
and High-grade Corporate Bonds
Treasury
bonds 1/
Corporate
bonds 2/
Spread between
Treasury and
Corporate bonds
3.17
3.15
3.16
52
1938-Jan
Feb
Mar
2.65
Apr
Hay
3.23
June
2.62
2.51
2.52
July
Aug
Sept
2.52
2.51
2.58
3.12
3.10
3.12
.60
Oct
Hot
Dec
2.1*8
3.06
.58
2.50
3.0I*
.51*
2.1*9
3.02
.53
1939-Jan
2.1*7
2.U1*
Mar
2.31*
2.96
2.90
2.87
.1*9
Feb
Apr..
May..
June.
2.30
2.17
2.13
2.92
2.86
2.78
.62
July.
Aug..
2.16
.60
Sept.
2.65
2.76
2.79
3.29
Oct..
Hot. .
2.60
2.U6
2.61*
2.61*
21
3.11*
3.15
•
2.U8
11.
18.
25-
2.1*7
2.92
2.92
2.91
2.91
.62
.60
.62
2.91
2.87
.66
2.8l*
31.
.70
.70
.70
7.
lU.
21.
28.
2.08
2.12
2.16
2.17
2.81
2.78
2.77
2.76
5.
12.
2.20
2.16
2.17
2.76
2.76
2.76
.56
.60
26.
.52
19.
26.
.61
.63
.63
May
10.
17.
2U.
-59
.^
.1*6
3-
Juno
July
.53
.71
:ll
.61
•59
2.II*
2.71*
.60
2.11*
2.73
59
2.17
2.17
2.71*
.57
2.27
2.76
2.81
2.88
•59
•P?
.61*
9..
16..
23..
30.,
3.11*
.5t
Sept. 6.,
2.56
3.1*1
2.93
.1*7
13..
20.
27.
2.61*
3.33
3.31
3-29
.85
.69
1*.
2.72
2.66
2.53
.65
Aug.
-53
11.
.1*9
2.1*5
2.1*8
18.
25-
Feb. 1.
8.
1522.
2.1*5
2. 91*
.1*9
8.
2.1*1*
.1*6
15.
22.
2.1*3
2.91
2.89
2.89
.1*7
.1*6
29.
Mar. 1.
2.39
2.36
2.33
2.35
2.30
2.86
2.86
2.87
2.88
2.90
.1*7
2.1*3
2.83
2.83
.61*
2..
.69
3.01
2.96
2.95
2.95
15.
22.
29.
Spread between
Treasury and
Corporate bonds
2.30
2.32
2.29
2.27
2.25
2.16
2.1U
2.13
2.13
5
12
Oct.
U.
8.
I
1939-Apr.
51
Weekly. Wednesday
closing prices jt/:
1939-Jan
Corporate
bonds 2/
Weekly. Wednesday
closing prices U/:
Monthly averages of
dally figures j/:
Hote:
Treaeury
bonds 1/
.50
.1*7
.50
•
•
Hot.
Dec.
1.
6.
13-
2. 21*
2.72
2.
71*
2.1*9
2.50
2.50
2.U7
2.39
2.36
2.U1
2.37
3-23
3.20
3.11
3.06
•V
.61
•
59
•
55
•
51
•
51*
• 58
.57
3.00
2.95
2.96
2.91
2.90
2.88
.50
2.81*
.1*7
.1*5
.1*7
•
52
.5I'
.1*7
St
53
.60
may be found In the July bulletin, Page 20.
Yields are computed on the basis of closing prices on New York Stock iKhange. Back figures
Average of Treasury bonds not due or callable for twelve years or more.
Average of twenty bonds, Jan. 1938 through Sept. I3. 1938; five bonds, Sept. lU, 1938 to date.
January I938 through April 1938, corporate average is monthly average of Saturday figures.
Or the last preceding sale when there was no sale on Wednesday.
C^
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uJ
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
-27-
28
Proprietary Interest of the United
States In Governmental Corporations and
Lending Agencies: Oct. 31, 1939
Governmental Corporations and Credit Agencies
of the United States: Oct. 31, 1939
(Compiled from latest reports received from these agencies)
(Compiled from latest reporte received from these agencies)
(In slllions of dollars)
(In millloas of dollars)
Proprletary*
Interest
Idabilltlee
Ouaranteed by
United
States
Hot
Onaraateed tiy
Onltel
States
PrlTately
owned
Capital
Stock
Owned
Surplus
Interagency
Transactions
Onlted
Stetee
Het Proprietary
Interest
of the
U. S.*
Stock!
Beconstructlon Finance Corp..
ComiDodlt/ Credit Corp
Export-Import Bank of
Washington
Federal Crop Inaurance Corp..
Federal Deposit Insurance
Corp
Tennessee Valley Authority...
Puhllc Works Administration..
United States Maritime
Commission
Kural Electrification Admn...
Home Owners' Loan Corp
Federal Savings 4 Loan
Insurance Corp
Federal Home Loan Banks
Federal Housing Admn
Federal National
Mortgage Assn
United States Housing
Authority.
Farm Credit Administration...
Federal Pami Mortgage Corp...
Federal Land Banks
Federal Intermediate
Credi t Banks
Banks for Cooperatives
Production Credit Corp.......
Eegional Agricultural
Credit Corps
War emergency corps, A
agencies (in liquidation)!
Navy Department (sale of
surplus war supplies)....
United States Housing Corp.
United States
Railroad Admn
United States Spruce
Production Corp
War Finance Corp
Other:
Disaster Loan Corp
Electric Home and
Farm Authority
Farm Security
AdmlniBtration
Federal Prison
Industries Inc
Interior Department
( Indian loans)
Inland Waterways Corp
Panama Railroad Co
Puerto Rico
Reconstruction Admn
Mortgage Company
Tennessee Valley Associated
Cooperatives, Inc
Treasury Department:
Federal Savings &
Loon Assns
Railroad loans (Transportation Act, 1920)...
Securities received from
the Reconstruction Finance Corp. under Act
of Feb. 2h, 1938
,
RFC
Total.
Bote:
•
1/
122.3
187.6
788.1
100.0
Ug.S
15.5
.5
.5
1*8.3
U39.3
315.9
67.6
200.0
15.8
1.732.9
822.5
697 .U
1M39.8
196.3
169.6
2.976.3
2,835.2
139.3
250.0
11*3.9
35.6
169.6
55-5
7k.')
3.0
1*9-1
lUl,7
IIU.5
1.295-5
183.
122. U
50.
1*1*.3
88.5
53.2
3.2
197.1
U5.O
1,815.2
lUl.O
91*.
201.5
222.8
303.0
105.5
3.7
.3
22.1
120.2
I2U.7
1.8
210.8
U.O
316.3
150.0
300.1
67.6
52.1*
1.2
121. U
258.7
291.1
1.563.3
2.320.7
15.0
175.
122.1
Beconstructlon Finance Corp.
Commodity Credit Corp
Ixport-Import 3ank
of Vashlngton
lederal Crop Insurance Corp.
Federal Deposit Ineurance Corp
Home Owners' Loan Corp
Federal Savings and Loan
Insurance Corp
Federal Home Loan Banks
17.
5. Housing Authority
Federal Farm Mortgage Corp...
Federal Land Banks
Federal Intermediate
Credit Banks
Banks for CooperatlTes
Production Credit Corps
Begional Agricultural
Credit Corp
n. S, Housing Corp
S, Spruce Production Corp.
tr.
Disaster Loan Corp
Electric Borne and
Farm Authority
Federal National
Mortgage Assn
Inland Vaterways Corp
Panama Hailroad Company......
B F C Mortgage Company
T 7 A CooperatlTes, Inc
U.6
1.9
U.6
1.9
.7
i]
1/
1/
a.o
.1
20.9
1.0
10.8
255.'t
g.o
7.8
2.7
25-7
•7.7
1.1
2.7
2U.9
U6.6
6.5
57.9
1.6
6.5
56.3
.8
.3
39.7
39.7
30.2
30.2
2.'t
2.U
12,866.6
5,1*80.6
3.125.3
39lt.9
3,865.8
are rounded to nearest tenth of million and
will not neceaearlly add to totals.
Excluding Inter-agency transactions.
Less than $100,000.
U6.0
15.0
150.0
200.0
2.3
100.0
12U.7
1.0
200.0
I2U.6
20.2
lUO.O
137.9
2.22/
9.52/
70.0
1*9.1*
13.92/
11*9.0
13.9
120.0
12.9
2.1
5.0
lU.l
3'».1
.1
22.0
510.21*/
100.0
1*8.3
15.0
150.0
100.02/
35.5!t/
120.2
12l».7
lUl.O
.2
197.8!*/
303.0
105.5
175.8
122.1
19.1
1.9
32.22/
.1*
.7
20.9
1.12/
1.0
10.0
12.0
7.0
25.0
3.6
12.9
1/
.3
2, 016. I*
Total
Wguree In this table
260.8
1*0.2
.6
39.6
53.2
21*.
.62/
30.7
1*6.6
56.3
.3
19.1
3.0
11.8
250.62/
500.0
100.0
Son-Stock:
Tennessee Valley Authority. .
Public Works Adjnn
S. Maritime Commission....
tj.
fiural Electrification Adjin...
Federal Housing Admn
Farm Credit Admn
lavy Department ( Sale of
surplus war supplies)
U. S. Ballroad Admn
••
Farm Security Admn
Federal Prisons Industries, Inc
Department
Interior
( Indian loans)
Puerto Elco
Beconstructlon Admn
Hailroad Loans (Transportation
Act, 1920)
Securities received from
(Act Feb. SU, 1938)
War Finance Corporation
61*9.
292.22/ 2,37U.o
67.6
1U3.9
169.
1*4.3
9i*.0
U.6
.1
255.'»
7.8
2.7
6.5
30.2
HFC
Total
Special Obligations
Held by Treasury:
Federal Savings and Loan Assn.
Beconstructlon Finance
Corporation
Home Owners* Loan Corp
Tennessee Valley Authority...
Federal Farm Mortgage Corp...
Total
Srand Total
Sote:
2.U
1/
1,078.9
39.7
277.9
20.0
50.3
25.0
U12.9
3.865.8
Figures In this table are rounded to nearest tenth of million
and will not necessarily add to totals.
Excluding Inter-agency transactions
Less than $100,000.
Excess inter-agency assets (deduct).
Deficit.
Exclusive of special obligations held by the Treasury shown at
end of statement.
39
Sources of Funds of Certain Governmental Corporations and Agencies
for the First 4 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury)
30
Uses of Funds of Certain Governmental Corporations and Agencies
for the First 4 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury - Expendlturee on basis of checks Issued)
31
Sources of Funds of Certain Governmental Corporations and Agencies
from Inception of Organization to October 31, 1939
(Compiled from latest reports received by the Treamiry)
32
Uses of Funds of Certain Governmental Corporations and Agencies
from Inception of Organization to October 31, 1939
(Compiled from latest reports received by the Treaaury - Zxpeodituree on baalB of checks isaued)
33
Principal of Outstanding Obligations Guaranteed by the United States
(In allllona of dollara - compiled from reports rocolTed
Xnd of fiaeal
year or month
Ijy
the Treasury)
THE
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
-34-
35
Net Capital Movement between the United States and Foreign Countries
1935 through September 1939
ILJ
00
[
:
<
37
Short-Term Foreign Liabilities as Reported by Banks and Bankers
in the United States for September 1939
[In thousands of dollars)
UaMllUes
BC of
following dates
Dnltcd
Kingdom
Trance
Germany
ltal7
Hetherlande
Swltierland
Other
Surope
Total
Xorope
Canada
Latin
America
Tar
Cast
All
other
Orand
total
TOTAi SHORT-TKHM
TOBIIOH LIABILITIES!
Sept.
6
Sept. 13
Sept. 20
Sept. 27
619,509
6U7,gltlt
696.997
656,676
72.871
63.762
65.357
66,216
2.912,71*3
268,596
276,686
278,997
290,205
72,581*
2,827.719
63.389
65,128
2,88l*,219
65.771*
2.91'».737
230,037
236.275
238.857
250,392
72.115
62,907
61*, 582
65,262
2.709.1*79
27.572
21*. 097
23.893
31,61*2
100.31*5
23.01*6
33.8911
320
333
373
312
287.3''3
1*25,092 1,831,368
330.362
1*00.092
290,365
1*35,81*1*
1,883,071
336.5^*5
391.272
2911,883
1*36,500 1,91*7.883
299,887
1*1*6,353
1.909.666
319.637
325.290
381*.
9,968
10,161
16.137
16,811
158,01*6
165.1*95
287.201
289,965
1*23,908 1.759.909
326,891
399.739
373
318,851
390.9''3
179.288
18U.953
299.51s
U3U.527 1,818.828
1*35.31*3 1.889.353
UU1*,392 1.852.555
331*.
291*. 67I*
323,61*1*
38U,18U
382,559
9.1*09
9.761*
152.223
277.165
1*08,889 1.713.528
279.1*67
1*19,1*31
173.559
179.831
281*, 1*32
1*20,1*88
322,078
329.653
311*. 297
371.721
159.87"*
319.71*6
357.101*
10,258
295.867
315. Its
278,050
285.850
288.209
299.510
158.773
166,161
180,037
185,961
8,069
8,273
7.909
7.788
322.321*
32l*,10O
10,1*81*
16. 1*12
17.13'*
713
382.959
2,960,500
3.005,799
2,983,61*1
TOTAL LIABILITIES
PATABLI IK DOLLARS:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
320,1*28
7.752
8,021*
605.275
322,138
313.361
291*. 070
5112,509
315.91*9
578.563
632.776
595.803
317.835
309.707
7.38^
7.603
7.225
7.123
6.399
6,o6g
6,lU8
5.763
2,262
2.080
1.710
1.679
552,606
588,518
61*2,899
7.651
7.536
2.936.513
Deposits for
foreign account:
Sept.
6
Sept. 13
Sept. 20
Sept . 27
,
,
290.1*1*3
15. 708
16.213
289,1*90
1.772.537
1.8U3.895
1*29, UI7 1,808,320
366,1*03
359.875
2,767.775
2,821,506
2.800,821*
Bills held for
foreign account:
Sept . 6
Sept. 13
Sept. 20
Sept. 27
,
26U
1*96
32I*
31*6
33?
355
26!*
517
5.152
U.9U7
5.052
lt.l*l*3
9.55't
12,91*8
13,126
37.075
37.030
3.736
10.139
9.788
9,668
13,21*8
36,61*0
13.090
35,1*21*
3.726
2.991
3.71*1
33.581
33.283
98,782
97.915
95.667
Short-tenn United States
OoTemnient obligations
held for foreign
account
6,500
6.500
6,500
5,500
6
Sept.
Sept. 13
Sept. 20
Sept. 27
6.5^*3
6.532
6.533
5.533
Other liahilitles
payable in dollars
Sept. 6
Sept. 13
Sept. 20
Sept. 27
3.665
3.855
2,217
2,223
3.91*3
1.91*1*
3.677
1,91*8
103
97
87
1U9
66,903
59.326
1.396
1.962
21*9
511.098
51.1*01
1,781*
U5l»
2,063
1.970
1.606
360
1,881*
727
666
11*2
1,181*
1*00
71*9
209
369
1.317
1.157
1.961
671
67U
677
679
1*82
359
9,261*
9.229
8,785
8.778
U16
U17
330
357
2,1*09
1*19
353
329
529
9,i*5U
2.172
786
1.61*6
1*00
1.077
979
828
907
1*1*5
1*1*3
11*9
11*9
173
200
11.352
11.130
10.559
12.713
TOTAL LIABILITIES FATABLS
IH FOBEIOH ODEEEBCIES:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
1,797
317
258
252
290
323
275
323
1,008
71.1*59
6l*,2U3
58.530
57.111
3. '•71
9,161*
9.212
9.305
287
373
229
1*1*2
85,021*
76.281
69,286
68,9oU
Borrovings from
foreign banks:
Sept.
6....
Sept. 13....
Sept. 20....
Sept. 27
17.955
13.570
10,832
9.328
66
119
61*
1U5
216
206
221
215
207
252
ai
258
122
76
75
2U8
75
276
595
752
612
19.236
15. 25s
3.226
1.905
313
289
8,01*7
30,830
529
3't3
7.285
7.311
2U,7l*0
12,11*9
1.371*
11,81*1*
1.300
238
7.1*11
20.338
20,809
129
129
1*5,231*
172
183
189
191
75
75
1*2.578
88
103
39.711
38,222
Acceptances made
by foreign banks:
Sept, 6
Sept. 13
Sept. 20
Sept. 27
860
1.661
U86
39.9'ta
1,701*
1*59
37.21*7
35.7'*8
1.567
1.522
'•55
6,088
169
139
153
130
119
131
219
273
1*2,
1*87
130
131
1*2,320
39.U3I*
37.928
1*5,1*81
Other liabilities payable
in foreign currencies:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
5.811*
6,019
6.325
1*60
1*36
6.989
6.665
1*15
6.91*7
U56
7.339
68
155
1*0
1.332
1*0
1.801*
279
370
186
162
1,813
1.791
223
U26
8.713
8,963
9.237
9.873
i
38
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for September 1939
(In thousands of dollars)
Assets as of
following dates
Dnltad
KlngdoB
Tranea
dnaaaf
Italy
5etherlands
Svltterland
Other
Total
Xtiropa
urope
39.270
205.899
a5
Canada
Latin
iaerlca
All
othar
Tar
last
Orand
total
lOIAL SEOHT-TSHM
rOHBIOH ASSETS I
Sept.
6....
Sept. 13....
Sept. 20....
Sept. 27....
61*,
7.7>t9
67.66St
66,013
7.965
9.133
8.701
39.69U
U6,l2l
113. 9gU
Uo,U56
1,183
1.272
1.781
l.SlU
25.338
31,«gl
28,U60
2U,677
817
867
1.389
1,108
U,lll»
217
18U
171
203
077
69.11?
68,691
67.153
66,855
67.115
13.068
13.221
12.8U9
12.156
10,207
9.787
9.131
9.568
2.837
2.509
2.759
2.880
171
163
176
1.1*28
3.316
3.323
2,782
3.093
900
2,317
2.391
1.926
2.277
763
503
506
520
1*9.031
loU.goU
107.1*59
39.1*61
209.
ito.051*
208.1*1*1
,1*1*5
50.162
52.720
105.01*5
108.11*1
6a
208 .05^
1*9.685
108,535
103.503
107.225
103.961
13,128
13.630
5.6I16
21*.
U,6it?
25.559
25.818
51.135
U51*
1*,88U
i»,U9a
30.87U
37.235
33.952
30.0U8
10.757
12.196
11.097
1*1.
11.235
11.151
11,787
12,108
1*78.528
1*79.076
1*88.318
91*2
9U.656
101,261
101,276
95.982
1*82.31*3
TOIAL ASSETS FAIABU
IS fOHSIOB SDBBiaiCIIS:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
1*97
1.363
1.267
1.217
659
659
698
3.939
3.6U3
3.776
3.660
50,6
56,
5U,
309
2i*.873
879
1.032
1,028
Banks ovn deposits
abroad!
Sept. 6
Sept. 13
Sept. 20
Sept. 27
1.1*91
1.1*56
1,51*1
1.358
10,51*2
l|ll,2l*9
853
862
1.905
l,l*8l*
3.1*22
52,110
51,101
1.096
2.811
1*5,088
112
108
111
108
19.792
19.820
19,808
19.828
27.675
U.681
3.679
3.289
3.288
2,6l2
2.528
2.588
837
8O6
2,231*
96I*
22,1*99
10.293
10.272
10.755
11,080
383.872
377.815
.595
810
51.353
II19
125
131.231
126.027
209
130.1*85
3,ai
Deposits abroad for
account of doioostle
clisttts:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
U.2U5
5.236
U.671
59
57
58
395
875
663
672
6.767
6.601
671
7.162
1.251*
I.I9I*
232
2S1
1.105
I.0U8
203
IU5
118
118
120
133
767
691
653
671
la
1,
139
•'II
1.52'
1U9
6.891
7.1*60
971*
1.189
1,176
1.269
27.71*6
28,583
28,395
Other assets payable In
foreign currencies:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
lO.ZUZ
9.995
10.288
11.108
11*9
2U.383
22,998
23,680
25.557
6,566
6.693
7.352
7.187
68.520
66.990
66.679
66,618
U,6l40
12,368
10,576
11.389
11.513
725
727
1.095
612
28.1*99
U.237
29.029
29,801
30.008
'*.737
3.766
3.6W»
2.862
3.295
25.886
2!6't6
2.73't
23.1*60
21.
UU
6.159
5.865
5.983
2,760
20,692
5.7l*Ji
3.27U
3.320
3.523
3.815
1'».135
1.2>*i*
1U.501
1.256
15.'<67
1,1*80
15.91s
1.581
221
221
203
l,6l2
1.563
1.631
12.990
12.708
13.013
13.925
1.937
1.850
2.100
2.182
35.331
35.818
36,273
37,961
155.268
152,671
isU.oao
156.919
35.903
36.532
37.603
35.231
99.258
100.396
103.257
83.150
77.9'A
lOU. Ol*3
79,088
508
336
7.338
7.515
7.663
7.818
55.751
10.1*7?
10,311t
56.013
10.257
11.065
11.055
55.01*5
8.21*1
11,9111*
U8,803
203
121*, 236
7.263
7.105
7.200
7.957
1*9.519
1*6.663
U.189
1.591*
3.1*69
1.532
338
857
5:^6
29.31*9
29.1*91
29.1*79
3.337
1.31*2
5.275
29.875
3.311*
1.509
89,782
86,151
83.912
81*. 830
US5
522
51U
20.730
a. 198
1*9.998
59.1*30
2U.366
60.591
61.923
2l*.665
8.550
8.615
26.717
9.201*
1*87
22.186
20,515
20.U71
a. 132
a. 715
62.221*
26.971
9.368
1,681*
1.71*5
2.088
22,732
21,1*05
21,592
TOTAL ASSETS PATABLI
IH IWT.UBS!
Sept. 6
Sept. 13
Sept. 20
Sept. 27
U.858
U,582
10.939
6,lt6U
6.31*9
6.1*75
81.1*07
387.01*2
386.361
Loans to foreign baa)ce:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
I*.
119
3.61U
2.076
1.793
1.503
1.106
1*1*3
37U
5i'.713
S
Acceptances made for
foreign banks:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
2.93I*
91*1*
2.951
3.005
3.088
1.11*3
992
1.321
1*1*.
1*1*.
Other assets payable
in dollars:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
8,2U9
8.778
9.U29
10. 71*9
1.881
1.720
l,8Ul
2.281
a. 1*15
51.295
53.669
57.017
162.859
165.637
172.665
177.295
39
Security Transactions as Reported by Banks, Bankers, Brokers
and Dealers in the United States for September 1939
(la thousands of dollars)
Transactions during
week ended-
United
Slngdoo
Trance
Oensaay
Italy
He the r- Svltierlande
Isnd
other
Surope
Total
Borope
Canada
Latin
&Berlca
Tar
last
All
other
Or and
total
TOTAL PUBCHASES
IB THE UHirSD STATES
FOB POHEIOH AOOOUUTi
Sept.
6
Sept. 13
Sept. 20
Sept. 27
2.783
2.551
2.>*5
6,681
3,189
1,991
l.i«€g
1.1*71*
223
68
231
216
2, 607
10,515
5.135
3.552
39
59
2.1155
2.522
1,1*09
10.055
9.1*83
3.313
2,850
1,970
3.073
10.369
6.695
it.373
2.01*7
U.658
3.598
2,771
17,1*28
31,1*27
20,073
13.912
3.259
11,21*0
6.6i*g
2,a3
2.503
5.661
1*,312
1*1*1
7,91*7
3.071*
2,1*15
5.591*
3,1*23
966
607
1,81*1
l*,679
lt.659
30I*
28.1*1*3
57.21*1
35.996
22,272
Purchases of
domestic securities
Sept.
6
Sept. 13
Sept. 20
Sept. 27
2,lt7U
1,1*82
2,272
2.305
1.380
1.682
1,030
1*1*
5.031*
131
3.376
2.731*
5.979
3.773
10.386
28.505
2.561*
17,911*
9.999
5.621
11.799
1.1*17
2.332
1.929
7,685
5,205
3.299
363
311
525
265
19. 813
51,679
31.597
13.709
Purchases of
foreign securities;
Sept. 6
Sept. 13
Sept. 20
Sept. 27
31"*
5.199
I3I*
152
279
1*05
9
1*60
ItO
309
187
35
151
176
88
391*
551
886
716
600
638
3U5
2. 606
6.120
U.566
3.601
1.01*3
1,331*
7,01*2
695
2,922
2,159
2.113
1,21*1
662
982
1.027
71*2
796
U86
3,916
3.095
10,803
23,821
21*. 877
M.I36
10.602
7,027
2.01*3
19,691*
3,61*1*
1,223
3.335
2.836
3.096
635
2.308
3,005
1,376
6.527
21.237
23,768
18.207
3.531
10.071
6.767
358
3.026
2.1*59
'*,l63
U.ol*l
3.1*16
2.932
2.172
353
1.108
90
167
M.276
5.31*1*
81*
1,1*87
223
370
359
377
16U
110
1.109
555
531
260
3.579
1,8S6
1.932
83
553
1.035
632
293
71*3
801
78
8,630
5.562
262
389
129
155
82
11.399
39
3.563
2.639
251*
19.060
U.2lt7
636
615
217
1*2,691
39.1*60
221
615
539
21U
13,716
39.112
TOTAL SALES
IS TEE UNITED STATES
POS FOREIOT AOOOUBT:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
Sales of
domestic securities
Sept .
6
Sept. 13
Sept. 20
Sept. 27
U,lt78
1,031*
226
1.396
6.502
9.765
2.537
11*9
i*.550
1,1*1*0
102
9, Molt
1.3M7
1*1
5.865
3.227
2.332
6.075
732
2,386
166
1,217
11*3
1*,183
9,1*22
l,i*0S
i,oi*3
89
5.628
2.916
9,18U
35
5,601
175
3.122
I*,
U.105
2.222
2.529
28.873
37.571*
26,91*1
Sales of
foreign securities;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
2,11*6
31*3
302
151
32
220
301*
U27
60
6
13
6
179
367
237
311
.222
519
391
1*79
2.531*
61*
50
TOTAL PUBCHASES
EXECUTED ASBQAD FOB
DOMESTIC AOoonwr;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
82
79
79
1*8
1*8
191
219
35
73
35
73
27
10
36
19
680
.121*
769
532
Purchases of
domestic securities:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
37
35
39
1*7
178
206
206
Purchases of
foreign securities;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
551
1.023
677
293
6U3
.039
722
326
TOTAL SALES
EXECUTED ABEQAD TOE
DOMESTIC AOCOnUT:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
55
57
55
255
296
1.56U
U.567
2.075
1.055
1,650
1*,61*0
2,150
1.353
Sales of
domestic securities;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
Sales of
foreign securities;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
55
57
52
253
21
80
73
5
6
32
71
29 1*
12
133
12
136
2
I.56U
1.650
''.555
1.91*2
1*,623
2.011*
1.055
1,351
40
Security Transactions in Joint Foreign Arbitrage Accounts as Reriorted
by Brokers and Dealers in the United States for September 1939
(In tbouBandB of dollarB)
Transactlone
during week ended-
United
Elngdon
France
Germany
Italy
Netherlands
Switzerland
Other
Inrope
Total
Europe
Canada
Latin
America
Par
last
All
other
Grand
total
TOTAL PUSOHASES
IH THS UMITED STATES:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
83
190
153
75
162
697
211
22U
7
266
35>t
87
17
10
971*
3.531
2,582
lUO
16
79
56
IU5
669
211
22U
7
63
17
10
168
811
3U0
291
22
67
111
17
28
2U
389
310
620
U.5I2
2.975
1*50
Purchases of
domestic securities:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
112
176
873
8
59
37
381
313
Purchases of
foreign securities:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
*6
us
98
163
3.'t72
3.63?
1»1
1*9
2.5^*5
2.59't
19
19
lie
137
TOTAL SALES
IH THE OTITED STATES:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
718
3
1.391
1,61*2
27
5.'*70
83^
136
6
8
3.236
1.156
7
670
3,801
2.395
1,012
32
7
533
3.337
2,360
859
23
50
38
2
136
137
ItUO
ii6it
21
35
151
153
695
1.592
797
13U
665
3,682
1.915
919
1
95
kko
8U
32
Sales of
domestic securities:
Sept .
6
Sept. 13
Sept. 20
Sept. 27
529
3,2U2
95
U3U
gU
1.89''
768
55?
3
3.Uli4
27
2.39s
869
Sales of
foreign securities:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
832
2,056
838
287
Foreign Balances in Brokerage Accounts as Fteported by Brokers
and Dealers in the United States for September 1939
(In thousands of dollars)
Balances as of
following dates
United
Kingdom
Trance
Germany
Italy
Hetherlands
Switzerland
Other
Europe
Total
Europe
Canada
16.097
17.519
16,516
16,726
.076
'^ 6U1
Latin
America
Tar
East
1^.707
15.251
15,730
15.667
lt,012
u.igs
U.861
5,050
6,262
8,730
10,136
11,063
7,973
7,827
7.031
6.260
'».133
't.591
1.053
902
U,7q6
5,lUl
All
other
Grand
total
Foreign dehlt balance
(due from abroad)
Sept.
6
Sept. 13
Sept. 20
Sept. 27
5,080
U.627
3.520
79
2,513
1,1*1*6
3.369
3.W7
01*2
3. '•37
81
2,1*72
1.696
1.887
1.817
l*,10l*
3.U77
93
82
3.''7t
lt,122
6.795
8.503
7.87S
7,976
7.790
63
70
9U
101
U,860
11,899
1*,221
10,961*
11,521*
2.779
2.908
3.0^8
U.0U2
It.
2,6U6
l*,225
l*,g03
511
1*1,589
61*8
1*6,31*6
6U2
656
1*7,885
1*9,162
Foreign credit balances
(due to abroad)
Sept.
6
Sept. 13
Sept. 20
Sept. 27
g,l407
10,219
12,210
177
193
155
159
5.651
5.592
11.916
,8.677
1.810
387
385
282
1*8.622
U8.3l*6
1,01*5
97I*
91*1*
51.831
55.129
41
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thoueands of dollars)
Traneaetlone
during
42
43
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers In the United States for September 1939
(In thouaande of dollars)
Transactlona
during
veek ended-
44
Outstanding Forward Exchange Contracts as Reported by Banks
and Bankers in the United States during September 1939
(In thoueands of dollere)
Cxirrency of-
Contracts ae of
following dates
thiited
France
Oennan^
Kin^on
Ital7
Netherlands
Switzerland
Other
Surope
Total
Eorope
Canada
Latin
America
Far
East
All
other
Orand
total
TOTAL PDHOHASa OOHTBACTS:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
26U
268
267
208
13.875
1,1*01*
9.281
336.01*7
ll*,l*01
1,891
2.153
2.392
8,91*0
33U.269
8,781*
861*
307.773
3.'*50
305,ltll
303.1*69
3.358
3.271
302.825
2,11*2
79.213
81,129
79.667
80,938
912
3.258
751
733
290
It,
228,560
2.538
2.607
2.538
1,852
15.920
17.119
9.386
W:
lU,676
111,386
112,226
072
109,1*36
106,77"*
l6,3'*9
18,283
a, 259
111
112
108
117
1*63,811
1*61*,
50U
1*63,187
1*63,707
Contracts for purchases
from foreign custooers:
Sept. 6
Sept. 13
Sept. 20
Sept. 27
152
181
239
2.569
2,320
86,127
10,097
87,6li6
9.9'*l
212
2,081*
86,^59
1*,1*12
1*63
2.33^
88,1*1*6
9.262
8,625
1.252
1.710
1.929
6,712
6,620
6,700
7.052
21*9,920
21*6,623
21*6,905
21*5,626
101 289
102.285
199
10,617
11,160
11,708
12,707
376
355
363
293
18,602
19,802
21,033
22,282
2,858
3.030
3.116
3.259
10.998
10,701
10,652
10,392
380,861*
11"*.
380.532
119,21*1*
377. 1*56
376.505
117.700
111*. 567
7,881*
11*3,071
1*3.31*3
7.1*61
136,876
7.1*29
6.907
129,91*7
120.1*05
1*5.929
1*3,706
1*1,367
3, 111*
3,21*0
2i*3,656
IW
71,016
73.315
3.21*1
903
903
903
893
U,52l
5,168
6,028
8,003
688
9*5
593
587
10,155
11,181
12.255
13.256
3.513
2.957
2,902
2,896
15.057
17.666
19.255
20,382
513,861
3.250
2,699
7.32I*
197.039
192,985
101,61*8
103,658
103,152
105,972
Contracts for purchases
froa domestic customers:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
22l*.282
223,802
221,887
?Ul
21*1*
2l*3
1,911*
,
100.17't
98,11*9
111
362,163
112
108
117
360,81*6
360.035
357,735
TOTAL SALES OONTEAOTS:
Sept.
6
Sept. 13
Sept. 20
Sept. 27
3U2,U3l(
31*0,869
5.577
5.753
5.6U1
19
22
32
33
136,619
335.676
i*.570
119.139
llU,235
3,968
3.991
12
12
10,188
107.651*
99,1*30
3.861*
19
19
9.3^3
9.227
1.793
1,607
1.568
1.735
223.295
1,609
1,762
1.777
1.525
8,1*11*
1.065
10,298
11,690
13.055
1,1*23
359
520,1*68
517.371
511*, 1*21
Contracts for sale
to foreign customers;
Sept.
6
Sept. 13
Sept. 20
Sept. 27
3.01*5
9,501*
2,61*9
7.1*30
7,21*1
2,61*5
7.396
183,59"*
171,861*
263
258
253
251
7.733
10,236
327,1*83
12,011*
333.777
12,986
3"*2.557
Contracts for sale
to domestic customers
Sept.
6
Sept. 13
Sept. 20
Sept. 27
226,631*
228,965
236.21*6
7
10
289
289
293
251
1,51*8
I.521*
3.223
3. ''85
2U7.509
256.100
73.99"*
73.200
316,822
Net Position in Foreign Currencies of Reporting Banks and Bankers
in the United States for September 1939
(Minus indicates short position:
In thoueands of dollars)
Currency of-
Poelttos as of
folloving dates
Sept.
6.
Sept. 13.
Sept. 20.
Sept. 27.
Dnlted
Kingdom
-10.237
-2,669
-8,185
-8,671*
France
-1.633
-1,858
-1.327
-1.179
Oermaigr
-205
-179
-195
-186
Italy
netherlands
Switzerland
-951
-929
-937
-2.77"*
-3."<07
-761
-806
-603
-87I*
-3.363
-81*9
-3.185
Other
Burope
-1,586
-1,818
-1.633
-1.979
Total
Surope
-18,11*7
-11.1*1*1*
-16,287
-17,101*
CanadA
1.779
1.720
1.597
1.593
Latin
America
Far
Eaet
All
other
-326
-238
-288
-5.796
-5.358
21
-10
-"*.717
9
-"*,ltl3
26
11
Grand
total
-22,1*69
-15.330
-19,669
-19.901*
OTHER
MONETARY
— 45-
STATISTICS
46
Gold Assets and Liabilities of the Treasury
(In millions of dollars - on basle of dally Treasury statements onreTlsed)
UatlUtles
Knd of oalendar
year or month
Sold
Assets
Gold Certlfloates 1/
Oold Baaerre
against 0. S.
notes, sto. 2/
Sta1>lliiatlan
Fund ll
Oold In
Osneral fund
8,238.6
10.122.9
11,257.6
12,760.0
1U,511.2
5.27U.O
7,679.5
8.959.6
9,212.3
11.872.8
156.0
156.0
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
1,300.0
1,800.0
1,008.6
lit,
Dec.
311 .9
llt,511.2
11,688.3
11,872.8
156.0
156.0
1,800.0
1.800.0
667.6
6g2.U
19 39- Jan..
Pet..
Mar..
iU,680.9
lU,87U.3
15,258.2
12,022.3
12,199.1
12,627.0
156.0
156.0
156.0
1.800.0
1,800.0
1,800.0
702.5
719.2
675.2
Apr.
May.,
June.
15,790.6
15.956.U
16,110.0
13,176.0
13.398.8
13.595.6
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
658.
July.
Aug..
Sept.
16,237.5
16,645.1
16,931.5
I3,9't9.8
iS. 391.9
lU,7l»9.7
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
331.7
297.1
225.7
Oct..
Hot..
17,091.1
17.358.3
lU,90g.U
156.0
156.0
800.0
800.0
226.7
356.U
193^
1935
1936
1937
1938
1938-SoT..
1/
2/
^
15.01*5.9
U«7.l»
3U1.9
1,591.6
682. U
601.6
558.3
In Federal Reserve Banks, etc., gold certificate fund Board of Oovernore, Federal Reeerre Syetem, and Bedenption fund, Federal Eeeerve notes.
Reserve against $3U6,6gl,Ol6 United States notes and $1,167,122 Treasury notes of IS90 outetaadlng.
This does not include gold In the active portion of the Stahlllsation Fund.
Net Movement of Gold to and from the United States
(In mllllone of dollars at $35
Calendar
year or
month
P^i^ tiuib
ounce • as reported by U. S. Department of Coafflerce)
if)
2?
<0
§-
48
Components of Silver Monetary Stock
(In ellllona of dollars - on baala of dally Treasury statements, reTlsed)
Ind of
year or
month
..
5
.
.
U
49
Net Movement of Silver to and from the United States
(la thonBaadt of dollars - ae reported
U, B. Separtoeat of Commerce)
toy
Bet Inporte from or net exports (-) to:
Calendar year
and month
United
Kingdom
36.5a
193^
1935
1936
aits.
133
53.393
3*. 120
131*. 26U
1937
1938
1938-NoT..
15.778
17.075
Dec.
Other
Burope
Mezloo
-3.780
-5.611
-8.951
-7.U51
-U.3U2
1.550
2.920
1.0U8
3.906
10,199
968
696
6.786
7.381
381
-1.228
2.738
611
2.858
i*,3io 2/
708
7U2
2.635
1.876
-695
-1,200
33
36
631
708
277
239
U85
372
5U7
2.737
2.635
3.112
-1.2lt3
"5
II
739
U91
759
219
-1.093
-750
3.19''
-1.250
3.225
3.702
-1*92
l,6l»l
31
W
i.iou
1.017
3.038
19
13
12
263
5^5
899
July.
Aug.
Sept.
i»3l»
-hep
15
17
-93
799
775
786
1.773
2,326
-97
-157
503
596
2.607
2.382
-135
7. '•08
British
India
Hos«
Kong
China
Japan
223
321
252
516
1*0U
1*22
361
123
U9U
5
11
15
67
210
I2U
3
7
13^
-3
51*8
281*
336
Other
Asia
All
other
13U
303
8U3
3.22I*
3^
118
2,11*4
3U2
1*8
1.271
2.930
10,808
Sec.
Si
20i
1939-Jan.
270
630
502
1U£
588
270
326
-338
188
193^*.
19351936.
1937.
1938.
3,02l»
21.967
227
69.996
5.6li*
61
150
1938-BoT.
86
"3
July.
Aug. ..
Sept..
5.319
-35
-203
2.1101*
Oct...
Not...
5/
I*/
"33
617
Total net
imports or
exports (-)
86,171*
335.730
170,851
79.835
223.1*1*9
2it,l63
250
Apr. ..
May.,.
June.
2/
3/
50I*
5'*
Teh.
Mar.
1/
2.873
6,787
281*
57'»
38
17
68
let imports from or net exports (-) tot
Calendar year
and Boath
Other Latin
iaerlcs
21.995
58.325
29.925
30.203
&I.715
U38
Apr..
May..
June.
-1.1*30
Feni
5.U16
6.798
10.915
12.
5.105
U.083
324
Oct..
Sot..
CUle
856
-25
15.396 2/
190
2,'t57
1939- Jan..
ret..
Mar..
-5W
Oaha
20.189
13U
8
8.658
7.87U
llU
5.281*
217
121
228
25
5.089
I
lS;W7
635
155
161
216
IU9
55
158
75
89
U.891
"15
155
87
75
-11
5.^95
3.696
95
3.1*28
3.3^7
Less than $500.
Includes net import of $12,950,000 from rranco.
Tigures for Hot. I938 include net Imports from Trance of $U, 301, 000.
Includes net Import of $9,791,000 from Siam.
Seigniorage on Silver
(la millions of dollars - on basis of daily Treasury statsments)
Sources of Seigniorage on SilTer Bollioa BeTaluad 1/
CnmulatiTe from
Jan. 1, 193I*
to end of Calendar year or month
Seigniorage on
ellrer and
minor coins
Misc. SilTer
BsvlynUned
Bevly-alosd
(incl. SilTer
ailTer (Proe. silTsr (Aot
hullion held
Dec. 21,1933) July 6, 1939)
June lU. I93I*)
SilTer Purchase Act
of June 19,
I93U
Bationalised
silTsr
(Proc. of
Ang. 9. 193^*)
193^.
1935.
1936.
1937.
1938.
U8.7
.U
1*8.7
U6.1
63.7
69.5
1*8.7
1*8.7
ita.7
16.8
36.0
58.0
7U.9
51.1
226.2
302.7
366.7
457.7
28.5
18.
1939-Jan..
Peb..
Mar..
69.9
70.2
70.7
1*8.7
76.0
1*68.0
3''.7
1*8.7
77.
1*73.1
3^.7
1*8.7
79.0
U8O.3
3'*.7
Apr..
Hay..
June.
71.0
71.9
73-6
1*8.7
80.1
81.2
82.9
1*86.8
3"*
1*93.1
3'»
501.6
3^ 7
July.
Aug..
Sept.
7^.7
76.1
80.1
1*8.7
1*8.7
1*8.7
8U.3
85.0
85.3
Oct..
BOT..
82.9
86.3
1*8.7
1*8.7
86.5
87.1
1/
i*.5
1*8.7
1*8.7
^.5
3U.7
3|».7
509.5
5l''.7
2.6
7
7
7
.
7
519.3
3it.7
523.0
526.6
3;».7
3'*.
7
Total
Seigniorage
on silTsr
reTalued
Potential
seigniorage on
SilTer bullioa
at cost la
Oenaral Paad
128.7
326.2
U2S.1
5O8.I
616.0
137.5
276.7
627 .U
633.9
642.7
790.0
809.8
825.1
650.3
657.7
667.9
8U4.0
859.7
879.0
677.2
683.1
688.6
911'.5
926.'*
69U.U
699.7
933.3
941.7
398.1*
543-9
773.9
897.6
These items represent the difference between the cost Talue and the monetary Talue of silTer bullion reTalued and held to secure silTer
certificates.
50
Value of Selected Currencies In Terms of Gold
1928 = 100
nnlted
States
Monthly average of dally quotations
19 31-Dec
1932-Dec
100
100
6U
Qui ted
Kingdom
Trance
100
100
100
100
100
Ifether-
lands
Svltcerland
Belgllm
Japan
59
59
59
59
51
1938-NOV
Dee
59
59
57
57
Uo
MO
80
80
1939-Jan
Fo*
Mar
59
59
59
57
Uo
1(0
80
79
78
69
57
57
59
59
59
57
57
57
l40
78
79
78
69
69
69
32
32
32
59
72
72
59
59
59
57
56
uo
78
79
78
69
69
69
72
72
72
32
32
2«
59
59
57
lU
1*8
59
59
U9
Ug
78
78
69
69
71
70
28
28
57
57
10
11
1936-DBC
1937-Itec
,
Apr
May
June
July
Aug
,
Sept
,
Oct
,
Sot
1/
Average exchange rate for January 1928
100.
Indexes of Prices of 40 Foreign
Currencies In New York
1935 = 100
70
140
140
1)0
3U
3U
87
U2
69
1/
100
100
100
100
100
80
82
,
100
100
100
100
72
72
72
CMnn
f9
67
67
60
60
60
61
,
1933~l>ec
1934-De!;
1935-I5e=
101
100
100
100
100
70
71
Italy
69
69
97
97
100
U7
96
U5
3'»
91
59
3U
59
39
39
39
72
72
33
32
59
21
21
72
72
32
32
52
59
59
59
21
21
21
18
71
72
59
59
21
21
9
9
51
Ratios of Index of Wholesale Prices
in 39 Countries to Index of Wholesale
Prices In the United States
1935
100
MISCELLANEOUS
-52-
53
Commodities Imported under Quota Provisions During
Quota Periods Other than Calendar Years
(FrellmiiuLiy tigaree)
White or Irleh potatoes
0)U^
54
Summary of Criminal Cases in the United States
District Courts
Alcohol Tax, Customs, Narcotics, Secret Service and Internal EeTenne l/
for the month of Oct. 1939
IHVEBTOHT 0? BASES
Treas.
HJ
U.S.
10
.A2
1939
Treasury Bulletin
Treasury Dept,
C.2
Treas.
HJ
10
.A2
U.S. Treasury Dept
AUTHOR
1939
Treasury Bulletin
TITLE
C.2
OCT.
DATE
LOANED
'"
"
DEC.
PHONE
BORROWER'S NAME
NUMBER
'
J16
'"'''"'-
•i
ii
T"
?
.
@FedFRASER