Full text of Treasury Bulletin : February 1941
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I
LIBRARY
POOVI 5030
JUN
9
1
1972
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
FEBRUARY
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
FEBRUARY
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
Table of Contents
Fage
Distribution of tax-exempt eeourltlee by olassee of bolder*,
1937-40
1-2
Federal Reoeipts and Expenditures
Budget reoeipts and expenditures
Collections of internal revenue
Customs duties and taxes
Sooial insuranoe aooounts
Casb inoome and outgo
4-7
8-10
11-12
13-14
15-16
Treasury General Fund and Public Debt
Composition of the General Fund
IS
Statement of the outstanding publio debt, January 31, 1941
18
Summary distribution by holders of securities of the U. S. Government
and guaranteed by the U. S.
19
Market transactions in Government eeourltlee for Treasury investment
aooounts
19
.
19-20
Composition of the publio debt
Treasury financing operations since July 1, 1937
21
22-23
Maturity sohedule of U. S. Government debt, January 31, 194l
24
Computed rate of Interest on the publio debt
Average yields of long-term Treasury bonds and high-grade oorporate
24-25
bonds
26
Yields of Treasury bonds and notes, February 15, 194l
Governmental Corporations and Credit Agencies
Assets and liabilities and proprietary interest, December
Souroes and usee of funds
Obligations outstanding guaranteed by the U. S.
Financing operations In securities guaranteed by the 0. S
Maturity sohedule of securities guaranteed by the U. 8.,
January 31, 194l
31,
19*10—
28
29-32
33
33
34
Capital Movements between the United States and Foreign Countries
Net oapltal movement between the U. S. and foreign oountrles
Short-term foreign liabilities and assets
Foreign eeourlty transactions and brokerage balanoes
Foreign transactions in domestic securities
Foreign exchange transactions
36-37
3^-4l
42-44
45-46
47-48
Other Monetary Statistics
Oold and silver
Value of foreign ourrenoles in terms of gold
50-54
54
Miscellaneous
Vessels oleared from the United States direot for foreign porte
Commodities imported under quota provisions
Treaeury Department orlmlnal oases In the U. S. Distrlot Courts
56-57
58
59
Estimated Distribution of Tax-Exempt Securities by Classes of Holders^
As of June 30, 1937-40
(In billions of dollars) 2/
Wholly tax-exempt securities
ill
tax-exempt
securities
Total
Total amount outstanding
65.6
63.9
67.7
70.2
36.6
35.0
3U.7
35-0
15.1
13.8
8.6
9.9
10.8
15.6
U.U
1937
1938
1939
50.5
50.1
19W
ft
28.0
25-1
23.9
23.6
1937
19J8
1939
19W
Held by governmental funds,
etc.
y
1937
1938
1939
19U0
Total amount privately-held
Held by all active banks except mutual savings banks
1937
1938
1939
1940
17.7
17.3
19.4
20.7
9.0
7-7
3>
1.1
7.6
Held by mutual savings banks
1937
1938
1939
19UO
?
3-U
3-7
3-7
•9
•9
•9
6.8
7.1
7.8
8.2
1:1"
Eeld by Insurance companies
1937
193«
1939
19W
3-1
2-5
.Held by corporations other
than banks and insurance
companies
1937
1938
1939
19to
2.8
2.6
Held by tax-exempt inetltutions
othor than mutual savings
banks
1937
1938
1939
19W
Held by individuals
1937
1938
1939
19U0
1.0
1.8
1.5
1-3
1.2
Securities of
Securities of
Seeurltlee
Federal Instru- State and local
of the
mentalities not governments and
United
guaranteed by the of territories
States
United States
and insular
Government
Government
possessions
Partially tax-exempt securities
Total
Securities of
Securities of
Securities
Federal instruFederal Instruof the
mentalities
mentalities not
United
guaranteed by the guaranteed by the
States
United States
United States
Government
Government
Government
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FEDERAL
RECEIPTS
AND
-3-
EXPENDITURES
Summary Table on Budget Receipts and Expenditures and Public Debt Outstanding
(In mllllonB of dollars)
BUDGET RECEIPTS AND EXPENDITURES
I93fe
1937
1938
1939
1941
JMMJ SNJMMJ SNJMMJ SNJMMJ SNJMMJ SNJMMJSN
1.600
1.400
1.200
1.000
800
600
400
200
1.000
800
600
400
200
200
400
Total Budget Receipts and Expenditures, by Months
(In millions of dollars)
193116
1937
193«
1939
1940
1941
expenditures 1/ $J
1936
1937
193*
1939
19A0
19U1
Orose deficit
1936
193T
193*
1939
1940
1941
Apr.
May
752
966
917
687
799
231
262
256
290
373
304
400
644
770
709
829
871
648
712
632
731
792
693
519
567
695
179
-108
-196
-208
417
39b
370
*37
229
19*
*l
224
142
13
s:
249
Tab.
Calendar year
228
239
29*
271
315
3*9
218
230
308
m
M9
15
713
1.118
310
30U
199
3«5
398
77*
568
467
612
668
271
338
Mar.
July
294
529
828
77*
557
2/
2,l>3<
1.255
937
917
93U
1.909
*|7
369
285 2/
Aug.
Sapt.
total
Budget Expenditures Classified as General, by Major Functions^
(In Billion, of dollar.)
Fiscal year
or month
Total
Departmental
3.668
1933193H.
1935.
1936.
193719*8.
1935.
19H0.
Rational
defsnse
Tilirui'
ud
Ada In titration
668
5H0
710
WA
SI
OWA
31
599
387
516
5(6
9W
MM
8.H32
7a
9J5
1,028
1,163
8.736
807
i.559r
7«3
507
557
578
580
582
557
557
3
70
119
9, HI*
1:8
1.370
Public
Vorkt
Agricultural AdJu.tmsnt
program
OlTillan
Con.arvatlon
Corps
Social
Security
and
Sail read
Betlrsmant Acta
Interest
OB th«
public
debt
689
757
821
J8
1.518
1,832
H96
«
!
1
l.oa
289
712
533
5|7
362
787
1,020
U?
13H
8U
68
7H
119
128
105
23
22
2H
28
38
19
1H6
1.26H
1,896
1.H72
2.2H0
1.H78
6U7
&
928
Jf6
H86
&
IS
926
290
283
9H1
392
l.OHl
816
6U
65
132
129
1H3
H7
H6
H7
6H2
883
1°
68
67
159
15H
153
H7
Juna.
3
133
128
113
76
7H
79
78
62
HH
22
22
22
US
TO
12
69
10
305
July
August ....
September.
700
693
758
8H
177
200
219
H6
U6
H5
110
109
10H
72
80
70
2H
23
65
76
75
25
17
20
20
1HS
287
376
»73
HS
H6
H6
111
105
87
P
61
U5
I
65
103
108
109
22
20
23
57
37
19
11
219
65
572
H5
107
52
103
21
19*40- January.
February.
March
April.
Hay...
October.
November.
December.
I9U1 -January.
Source:
r
1/
2/
3/
II
87H
820
1.172
I
1.091
5
5
Other
35
73
25
30
Dally Treasury Statements,
Revised.
Exclude. Revolving Funds and Transfers to Trust accounts.
Includes Recovery and Relief.
Prior to fiscal year 19H0. figures Include national Touth Administration expenditures.
Includes public buildings, public highways, rlrers and harbors, Tennessse Talley Authority, Rural Electrification and Reolaaatlon
projects, and Public forks Administration.
Budget Expenditures Classified as Revolving Funds (Net),
and Transfers to Trust Accounts, etc.-1/
(In million, of dollars)
Revolving funds (net)
fiscal year
or month
Agricultural
Aid
7H
1933193H.
19351936.
19371938.
1939-
11
20U
121
92
5H
19110.
I9H0- January.
Tebruary.
March
April.
Hay...
June.
July
August ....
September.
October.
November.
December.
19Hl- January.
Source:
•
1/
7H
3H6
lHl
-33
-18
-13
-8
-5
Transfers to trust accounts, etc.
Public
Vorks
150
20H
HH
222
13H
101
59
H
H
6
H
H
Total
Railroad
Retirement
Account
121
71
71
.8lH
603
Adjusted
Service
Certificate
Fund
Advance b to
Railroad
Unemployment
Insurance
Account
100
50
50
1.773
1H7
107
121
-5
10
10
10
(U. 3.
share)
21
a
a
Hi
H7
556
220
182
208
Government
Employees'
Retirement
funds
73
75
87
-15
6
6
6
20
1
1
H
20
H
3
H
11H
25
10
20
26
10
20
20
18
10
5
5
-13
-9
-10
-11
-5
-23
-11
6
-26
3
-3
2
9H
-1
-1
Dally Treasury Statements.
Less than $500,000.
Set appropriations or transfers to the Old-Age Reserve Account or to the federal Old-Age and Survivors Insurance Trust fund prior
These deduction, are made to give effect to the 1939 amendments
to July 1. 19UO are excluded froa both receipts and expenditures.
to the Social Security Act, effective In this respect on July 1. 19H0, and to facilitate comparison of operations under the
amendments with those of prior years.
Collections of Internal Revenue
(In thousands of dollars)
January
Sources of revenue
19^
Income tenet:
Corporation
Cvrant
Back
Individual
Currant
Back
Exeats profits
Declared value exoass
profits taxi/
Profit limiting provisions
of Vinson Act 1/
Sxcase profits tax (Second
Revenue Act of 19^0
Total income taxes
5.852
19.221
6.520
13.&95
5*5
56
U5.6S9
Tax on unjust enrichment
Miscellaneous Internal revenue:
Capital stock tax
Estate tax
01ft tax.
Alcoholic beverage taxes:
Distilled spirits
(imported, excise)
Distilled spirits
(domestic, excise)
Distilled spirits
rectification tax
Vines, cordials, etc.
(imported, excise)
Wines, cordials, etc.
(domestic, excise)
Brandy used for fortifying
eweet vine a
Dealers In distilled
spirits; rectifiers;
manufacturers of stills
(special taxes)
Stamps for distilled
spirits Intended for
export
Case stamps for distilled
spirits bottled in bond..
Container stamps
floor taxes
7ermented malt liquors
Brewers; dealers In malt
liquors (special taxes)..
Total alcoholic beverage
taxes
Tobacco taxes:
Cigars (large)
Cigars (small)*
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chevlng and
smoking)
Cigarette papers and tubesLeaf dealer penalties, etc.
Cigarette floor taxes
Total tobacco taxes.
Stamp taxes:
Bonds. Issues of capital
stock, deeds of conveyance, etc
Transfers of capital stock
and similar Interest sales
Playing cards
Silver bullion sales or
transfers
Sales of produce for future
delivery (repealed as
of 7/1/38)
Total stamp taxes.
1,610
18.373
66U
l*
551
1*6
86
1*7
605
15.191
46
37.363
19UI
Collections of Internal Revenue
(In thousand 8 of dollars)
Income and profits taxes
Qaployment taxes
Social Security taxee 2/
Fiscal year
or month
Total
1929
1930
2.939.0*
2.33L27 *
3.OW.1W
2,1*10,259
1931
1932
1933
193 s*
1935
2,1*28,229
1,860,01*0
1.557.729
1.619,839
2,672,239
1.056.757
7U6.791
819,656
1.105.791
3.299.>t36
1936
1937
3,520,208
M53.195
5,658.765
5.181. 57U
1938
1939
19 IK)
Federal
federal
Insuranco
Unemployment
Contributions
Tax Act
Act (Old-age (Unemployment
Insurance)
Insurance)
Corporation
IndlTldual
1
H
l,095,5Ul
1.1U6, 81*5
1,263,1*11*
833,61*8
1*27.191
1.026,393
629.566
1.235.733
as
352.57"*
391*.
U19.509
527.113
i*oo,ii*7
67U.U16
753.032
1.082,028
I.336.5OI
1.1%. 597
1.139.056
1.U27.HUS
2.173.769
2.622.813
1,091.71*1
1,286,312
578,678
1*8
1*8
265.71*5
71*2.660
207.339
502.917
529.835
605.350
58,119
90.267
101.167
106.123
28,l*2U
2,178.1*31
1,028,831*
5.31*0.1*52
2.121,073
982,017
306,301*
1*5,689
2O.56I
385.011
861,168
70.9U6
1*3. Ul*3
25,128
27,503
11*7.282
65U.621*
356.076
298,51*8
15.076
60.157
87.861
2.099
April
H»y
June
29U.652
3&3.603
697.099
M*
1*1.155
l*65.UoU
13.070
201,210
30.05U
28,085
77.310
112.731
16,103
71.813
86,792
2.673
July
383.836
1*5,71*2
12.833
10,298
175.317
73.292
120.706
12.027
68.226
90.7U6
2.558
l»,5l*8
19MO-Jaouaxy.
February.
March
.
Angus t .
September.
. .
October. .
November.
December.
19l*l-January.
.
15.
1*5.1*98
1*82,381*
36.275
65U.623
1*29.816
&
Carriers'
Taxing Act
of 1937
71*0.1*29
833.5a
89,6l*U
261*. 191*
32.909
25.977
25U,l*99
Ul, 06l
1,191
"J.953
6,802
681
6,628
587
287
ll<9.1»76
109.U27
122,01*8
1,063
18,360
11,786
5W*
19.137
12. 769
518
23.332
8,882
1*5. 009
12.079
1*8.271
1*28,305
15. 801
160,361*
267,91*1
77.273
122.989
8.20U
71.781
87.977
2.892
1*,8U0
65U.095
5.872
626
652
29.1&0
U.6S6
371.275
65,176
25.992
39.181*
100,307
7U.255
25.152
900
.276
.383
32.930
32.U70
Miscellaneous Internal revenue
Fiscal year
or month
Total
Capital
stock
tax
Estate
and
gift
taxee
Alcoholic
beverage
taxes
Tobacco
taxes
1929.
1930.
607,780
629.887
61,897
61*, 770
12.777
11.695
1*311,1*115
1931.
19321933193&1935.
568,189
500,972
1*8.078
10.1*32
8.701*
Wt, 277
873,01*8
1,1*81,160
1,667.1*23
3U.310
113.138
212,112
1*3.171*
258,911
1*02.739
1*25.169
1*59.179
378,81*0
305.51*8
505, U6U
59U,2l*5
1*16.871*
567.979
587,800
62U.253
2,021,075
2,207,608
2.287,075
2.256.031
2.377.322
1936.
1937.
1938.
1939191*0.
19l*0-January.
February.
March
170.113
166,276
190.!*79
1*7.1*22
80,168
91,508
9l*,9l*3
137.1*99
139.3'*9
1*11,022
6U.173
77.729
166
3>».322
31*1*
25,010
U6.951*
32.2U1
57.578
66,580
138
18,310
11*. 026
21*7.751
87,1*96
11*7,156
108,19*1
390.03s
68,990
69.919
379.51*0
••9,519
3.020
2.77t
1*1.128
116
!*5.092
2.6si*
>*6.233
1*1.083
Tax on
unjust
enrichment
526.222
92.132
98.289
131. 70U
162,180
165,972
6.073
6.217
6.683
8. 536
38.U90
12.288
13.182
12.762
858
507
989
85U
U16.75U
396.891
W*7,088
1*1*9,
71.637
360,715
360,071
229
177
193
26.566
29.326
2U.682
20,510
1*6,798
50,71*2
2.81*0
29.606
11,500
720
50,201
55.U99
58.817
3.289
1*1.203
1*3.867
13.71*3
i».387
15.326
8U6
753
7>*.959
59.325
61.337
5U.915
2.7U6
2.336
2.281
3U.66S
67.976
62.52U
13.091
18,698
17.252
820
1.013
1.287
61.3S5
53.200
50.332
3.109
3.152
U.I69
1*8,21*0
17.979
22.722
16.7U5
73 1*
65.573
51.167
606
970
59.139
"*.l*32
1*0,880
18,12*1
662
28.1*23
1*1*.
1 1*2
2:$
1*7.
312
July
August ....
September.
263,982
32H.390
23,579
27,168
211.1*93
55.61U
90.397
11*. 675
October.
November.
December.
232,260
272.517
216,616
3.95 *
260
252
a, 881
29.732
75.712
81,250
6U.219
205.130
2U0
30.239
52.076
1*78
1
18,131*
1*6,360
71. 1**
38.681
3*».919
56.1*78
1*1.712
Agricultural
adjustment
taxes
371.1*23
127.203
132.739
251*
2/
u
501,166
552. 25U
568,182
580.159
608,51s
188,871
211*, 839
2/
taxes
31*2.275
171.121*
Source:
1/
398.579
exc 1 bc
Miscellaneous
taxes
1*3.133
April.
May...
June.
19 1*! -January.
1*50,339
Stamp
taxes
Manufacturers'
Reports of collections.
Includes collections under the declared-value excess profits tax. the profit limiting provisions of the Vinson Act, and the excess
profit b tax provisions of the Second Revenue Act of 191*0.
Tor 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.
Includes tax collections under the Sugar Act of 1937 and under the dividends tax imposed by the Act of June 16, 1933*
10
s
2
->
z
Q
is
o
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11
Customs Duties and Taxes Coll ected, and Values of Dutiable and Taxable Imports,
Est! mated by Tariff Schedules
(In thousands of dollars)
Duties and taxes
Calendar year
1939
1940
1939
1940
Dec.
Jan.
Feb.
Mar.
Apr.
Kay
1.303
June
July
Oct.
Hot.
649
667
781
3.462 2.637
854
734
3.495
785
3.114
802
654
3.229
138
4.395
1.924
131
139
3.472 3.004
2,146 I.869
157
2,464
1.993
147
2,462
1.569
152
1.816
1.828
3.208
5.473
573
2.923
2.059
408
2.613 2.422
1.409 2,l6g
480
469
3.804
3.121
476
3,888
3.453
605
3.574
3.894
511
721
1.091
2.930
134
524
858
2.794 3.469
154
155
207
707
5.032
196
794
8,252
149
60
50
U7
99
1.852
46
31
94
*?
2.086 1.796
46
86
2.455
91
112
2.416
141
96
3.011
19.63
10.794
25.749
12.355
8,80b
31.161
1.573
836
2.629
1.289
799
2.047
1.229
647
1.768
1.135
793
2,111
1.203
683
758
2,224
2.368
1.435
734
2.300
1.106
772
2.4o6
Wood and manufactures
Sugar, molasses and manufactures 1/
Tobacco and manufactures
2.096
46,218
23.927
1.723
42.826
22.173
160
7.071
1.413
147
3.079
1.919
125
3.986
1.622
116
4.558
1.589
131
4,809
1.807
187
4,164
2.026
151
4,618
1,880
I cultural products and provisions
Spirits, vines and other beverages
Cotton manufactures
56.1(18
34,206
9.841
46.083
32.753
7.050
3.585
4.603
860
4.886
2.215
899
4.613
1,894
668
4.760
2.186
718
4.655
2.308
628
4.737
2.574
6l4
rial, hemp. Jute and manufactures
Vool and manufactures
Silk manufactures
10.829
33.624
2.775
10.255
51.601
2.148
906
3.969
232
1.216
5.842
238
899
4,447
177
1,034
4.613
234
640
3.025
163
864
2.798
205
2.956
136
Manufactures of rayon and other synthetic
textiles
P**lp
paper and hooks
Sundries
3.090
2.152
35.245
1.260
1,278
29.558
370
147
3.028
293
3.263
165
118
2.560
109
119
3.274
144
110
2.375
84
122
2.335
2.133
1*
A£:
,
Miscellaneous 2/
Free list J_/:
Crude petroleum
rusl oil. etc. 4/
Motor fuel and lubricating oil
Paraffin and other petroleum wax products.
Seed oils
Oil seeds
Animal, fish, and coconut oils
Copper
Lumber of specified types
Aug
Sept.
Chemicals, oils and paints
Earths, earthenware and glassware
Metals and manufactures
731
325
281
20
18
11
18
15
21
20
29
62
17
27
18
25
5.841
1.570
381
183
211
236
303
272
37
7
420
238
5U3
13
427
227
550
249
4
575
582
206
543
347
20
576
395
3
591
13
5.524
3.332
59
384
2.333
399
747
535
285
44
32
37
17
155
1
2
678
200
6,153
235
Red cedar shingles
Coal and related products
3
187
39
165
2
60
200
57
1
38
19
14
°6
14
3
54
127
11
23
5
16
42
15
55
II
601
19
17
335
a
22b|
1
,"
43 r
16 r
680 1.073
22
25
81
Total free list
621
Dee.
11,428
16.954
890
712
700
771
845
827
1.388
1,244
1,714 2,009
470
5
15
18
22
3
40r
14 r
19 r
1.392
25
961
22
3
32
38
11
2.530
2.097
2.119
Total duties and taxes
Adjustment to Daily Treasury Statement
328.352
+4,483
318,267 32.292 28,997 25.630 28.139 25.76
i.765 25.986 27,903 23.562 22.687 22.441
563 714 265 +198 I.663 943 +186
28.796
27.313
11,265 -4.478 6.791
575
610
31.048
-I.265
Total duties and taxes as reported in
Dally Treasury Statement
332.835
329.532 27.814 35.788 25.651 28.702 26,479 26.251
29.371
27.923
29.783
Sept
Oct.
Hot.
Deo.
2.896
1.902
10,199
2.467
1.966
9.762
2,940
1.972
10,142
a
25.225 23.630 22.627
Values
Calendar year
1939
Chemicals, oils and paints
Earths, earthenware and glassware.
Metals and manufactures
56.586
25.369
89.728
Wood and manufactures
Sugar, molasses and manufactures 1/.
Tobacco and manufactures
17.002
90,543
35.999
Agricultural products and provisions.
Spirits, wines and other beverages.
Cotton manufactures
.
Flax, hemp. Jute and manufactures.
Wool and manufactures
Silk manufactures
Manufactures of rayon and other synthetic
textile
Pulp paper and hooks
Sundries
,
Miscellaneous 2]
Free list J/
.
173.808
59.076
27.284
4.765
8.271
5.286
10. ao
11.461
133.270
343
3«.05l
Total value of dutiable and taxable Imports. 878,050
Source:
If
5?
1940
1939
Dec.
Jan.
Feb.
Mar.
Apr.
May
4.686
2,118
8,417
4,112
1.992
7.351
3.842
1.722
5.956
3.510
1.976
7.024
4.029
I.629
7.689
4,722
1.819
8,287
4,592
1.888
8.591
3.071 2.876 2.147
1.945 1.879 1.647
8,566 10,103 8.633
17.461 1.333
87,780 12.707
3'6,685
2,184
1.263
6,606
3.196
1.171
7.291
2.729
1.091
9.012
2.625
1,180
9.589
3.010
1.707
9.162
3.292
1.546
9.356
3.111
1.U55
9.168
3.167
1.392 1.505
7.259 6.134
3.525 3.169
1.753
4.980
3.366
1.709
5.603
2,614
1,690
3.623
2.881
147.228 11.793 15.342 13.960 13.498 13.9" 15.560 11.038
53.809 7.497 3.692 3.101 3.575 3.778 4.357 9.250
20,106 2.454 2.466 1.916 2,040 1.795 1.761 1.599
9.495
3.388
I.163
9.201 9.035
2.355 3.483
1.327 1.369
12,860
4.967
1.388
12.372
5.431
1.751
10,966
6,432
1.531
7.971
4,846
255
3.459 6.249
4,419 5.048
287
295
5.704
7.642
395
4.143
7.330
371
4.676
11.877
276
124
636
7.234
103
580
454
7.790 6.573
299
591
9.500
503
540
12.687
39
15
93
8.209 8.837
16
9.636
29
10,027
75.559
82,791
1940
41, 204
22.336
102.303
4,834
6.035
6,920
June
444
4,032
4,720
313
6.111
4.469
401
980
540
3.898 1.366
842
782
694
7.550
12,428
12,184
10,189
12.581
114.957
486
661
9.496
9.168
14
6.413
10
5.371
19
5.011
68,033
77.829
4.074
„ 305
66,277
30
3.878
8,269
8.737
446
19
3.713
5.600
6,850
332
11
4.995
7.a4
199
7
P
4.899
4.677
259
July
6. 581
Aug
891.835 82,800 81,393 70,897 78.950 71.698 76.758 77.011 69,106 64,858 64,663
78.151
Tor Talues, reports of the Bureau of foreign and Domestic Commerce; the figures for customs duties and taxes are computed on the basis of the
quantity and value figures.
Revised.
Includes taxable sugar from the Philippine Islands.
Comprises articles dutiable under paragraph 1615 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 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 Act of 1937 are Included in appropriate schedules.
Duty-free commodities taxed under the Revenue Act of 193? and subsequent acts.
Comprises fuel oil and gae oil derived from petroleum, and all liquid derivatives of crude petroleum except lubricating oil and gasoline or
other motor fuel.
12
Customs Duties Collected, Estimated by Countries from which Imports Originated
13
Receipts and Expenditures under Social Security Act, General Fund Accounts
(In millions of dollars)
Receipts
Expenditures
Less amounts
credited to
federal
federal
federal
Set
Insurance
Unemploy- Old-Age and receipts
Contribument Tax SurriTors InAct (Unem- surance Trust
tions Act
(Old-age
ployment
fund 1/
insurance) Insurance)
Grants to States
Social Security taxes
fiscal year
or month
193»
1937
1938
1939
19W
19U0-J«nuary
February.
March
.
25a. 2
19U.3
6ol*.U
51UA
57.
90,
631.2
712.2
530.U
60U.7
100.
107.
UI4.8
.
172.2
3- 1*
31-1
115.2
2.3
13.7
57.0
1.2
3.0
8.9
1.0
April
May
June
I3i.l1
3.9
35.8
122.5
2.9
July
August
September.
38.6
132.0
3-3
38.1
123.8
2.7
October.
November.
December.
37-2
133.1
3-7
125.1
3-1
19"tl-January..
U6.0
33.9
38.8
.
Source:
1/
2/
5/
265.O
387-0
503.0
537.7 57
•
5
8.1
.6
13U.8
57
35-8
119.2
•
5
32.1
122.7
.6
.7
12.1
31.8
Old-age
assistance ,
etc.
28.lt
.6
I83.I
332-1
15.8
20.0
#}}
a.3
3SU.2
25-3
27-8
166.9
271.5
320-3
356.5
26.9
157.8
229-6
Unemployment Refunds
compensation of taxes
adralnl st
Sxeeee of
expenditures
2/
s/
ration
28.1*
.9
.u
9.1
ill.
26l.lt
58.9
58.3
298.2
10.6
1.7
2.5
.2
195.9
114.7
a5.i
209.7
-3-3
-133.9
159.2
U1.5
2.1t
-131. It
38.3
27.8
2.2
2-5
38.9
36.0
2U.9
33.3
31.1
15.9
5.6
U.9
9.0
38.8
1*7.9
2.6
2.6
2-5
U5.0
26.2
9.3
38.8
25.8
8.9
6.2
.u
9.1
-102.2
1U3.0
2.6
2.8
2.7
61.8
31.U
13.9
1*6.7
15.1
61.8
31.1
.3
a.
13.U
.5
1U.0
56.9
36.9
19.0
2.8
53.9
3&.0
16.2
38.7
33.8
15.9
15.2
\X
.2
.3
51.8
26.5
16.0
53-3
2-5
50.7
37.2
13.5
39.2
131.
13M
Total
2/
UU.8
172.2
2.7
8.0
3it-5
-12.8
217. »
128.2
17U.5
Administrative
expenses
29.2
12.0
-131.0
2.8
12.8
2.8
bit.
6
3lt.l1
16.8
5-1
10.
3.0
lit.
2.;
.1
.!»
Dally Treasury Statements.
Prior to January 1, 191*0, figures represent amounts transferred to the Old-Age Beserve Account. Prom January 1 to July 1, 19**0, transfers
were made to the Federal Old-Age and Survivors Insurance Trust Fund.
Subsequently receipts have been deposited in the General Fund 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.
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,
Bureau of
as amended.
Excludes administrative expenses payable from other appropriations, principally for the following agencies:
Internal Revenue; Public Health Service, and Office of Education of the Federal Security Agency.
Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of $1*0,561,886.1*3, pursuant to
authorisation of August 2h t 1937, for making refund to certain Statee of portlone of Federal employers' tax for 1936 collected under
Title IX of the Social Seourlty 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 Statee".
Covered by appropriations from the General Fund.
Revised to bring classification Into agreement with accounts.
Receipts and Expenditures, Federal Old-Age and Survivors Insurance Trust Fund
(Cumulative - In millions of dollars)
Expenditures
Receipts
Appropriations from General Fund
End of
f 1 seal year
Credited
Total
receipts
or month
to
Trust
Fund
1936
1937
1938
1939
267.3
782.7
1.199.6
1.792.1
265.0
765.0
1.155.0
1.705.0
265.0
652.0
1,155.0
1.705.0
1,830.2
1.951.6
1.95U.U
1.71*3.1
1,71*3.1
1.86U.5
1,867.2
1.S6U.5
1.867.2
.
1.989.0
.
2. 11U.
1.901.7
2.026.9
2,030.0
1,901.7
2,026.9
2.030.0
19W
19l*0-July
August
September.
October.
November.
December.
.
191*1 -January
Source:
1/
2/
.
2,117-5
2,151.6
2.063.9
2.063.9
Balance
available
in General
Fund
investment e
Total
expendi- Benefit
payments
tures
Balance
Reimbursement for
administrative
expenBeei/
17-7
Wt.6
19.3
87.1
1*7.1*
5-1*
5."
19-3
35-1
12.3
267.1
662.3
1.177-a
1.738.1
1U.5
16.7
18.9
1.777.U
1.893-1
1,889.8
733-1
728.1
,875-6
1.917.0
2.035.0
2.030.7
2.016.5
36.0
158.8
3-8
2.057.3
2.006.5
35-8
52.8
58.5
Hi.
6i*.6
U5.7
87-3
87.3
87-5
72.0
79.2
86.8
50.6
55.U
60.6
ai.it
87.7
9M
66.0
28.3
38.3
Dally Treasury Statements.
Under Section 201 (f) of the Social Security Act amendments of 1939Includes balance of General fund appropriation not yet transferred to Trust fund.
Total
To credit of
Trust Fund
on books of
Treasury 2/
267.3
777-2
1.180.
1.7UU.7
2.3
113.0
Unexpended
Investments
23.8
26.2
870.6
,865.6
To credit
of disbursing
officers
.1
.1
113.0
.1
1.9
3.0
5
6.1
36-U
155.6
3.8
10. it
•
7.9
9.1»
10.
10.6
10.it
15.0
14
Receipts and Expenditures Under Railroad Retirement and Railroad Unemployment
Insurance Acts, General Fund Accounts
(In millions of dollars)
Expenditures
Receipt
?iecal year
or Month
Administrative
expenses
1/
1936
1937
1938
1939
1910
.1
150.1
109.3
125-9
1940-January.
February.
March
.1
5-1
27-0
April.
•3
Hay...
June.
5.9
27.8
\
•3
.3
1-5
119.0
110.I
128.3
1.5
2.6
-4.5
10
.5
:i
:I
20.1
1.2
•7
.1
.7
.7
20.5
26.6
10.5
-1.9
-15.0
10.0
10.0
5-1
-26.I
20.0
26.0
10.0
20.0
19.4
-15.6
.5
.5
20.0
15.6
-3O.2
.1
.5
20.5
.5
•5
.6
18.0
.5
1/
•3
1.1
-1.1
1.1
2.4
:I
.5
1.9
30.8
2/
2/
20.1
-1.7
-27.1
October...
November.
December.
Source:
Excess of
expenditures
Transfers to
Railroad Unemployment Insurance Account
20.0
3-5
26.1
1911 -January..
Advances to
Railroad Unemployment Insurance Account
146.1
107.1
120.7
?:?
July
August ....
September.
•5
Transfers to
Railroad Retirement account
(Trust account)
.1
10.0
17-1
7.5
Dally Treasury Statements.
Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad Retirement and
Railroad Unemployment Insurance Acts.
Covered by appropriations from the General fund.
Receipts and Expenditures, Railroad Retirement Account (Trust Account)
(Cumulative - In millions of dollars)
Receipts
Expenditures
Balance
Unexpended
Appropriations by Congress
End of fiscal year
or month
Transfers
from
General
Fund
Total
reaelpts
Balance
available
for
transfers
investments
Benefit
payments
Invest-
ments
To credit
of appro-
To credit
of dis-
priations
bursing
officer
1/
1936
1937
1938
1939
1940
1940-July
August ....
September.
October. .
November.
December.
1941- January
Source:
1/
2/
. .
46.6
46.6
147.9
268.4
390.8
46.6
46.6
146.5
264.8
384.9
513.1
513.1
513.1
501.4
504.4
504.4
507.5
507.5
507.5
498.5 2/
504.4
66.2
67.2
79-4
13.2
10.8
6.0
1.6
2-3
1.8
308.5
318.4
328.4
338-4
348.4
358-5
46.6
42.6
68.1
82.8
92.1
204.9
195-0
I85.O
166.O
156.0
115.9
79-1
85.4
85.4
85.4
85.4
85.4
113.4
87-5
77.4
68.5
48.5
48.4
12.1
22.2
22.2
12.1
22.1
12.1
368.4
136.O
85.4
38.5
12.1
11.3
10.7
1.4
3-6
5-9
4.0
79-8
I85.6
298.7
198.
198.
394.2
420.2
430.2
430.2
450.2
45O.2
113.3
87.3
77.3
68.3
48.3
48.3
5-9
5-9
5-9
5-9
5-9
5-9
198.
460.2
38.3
5-9
146.4
253-5
374.2
.1
46.6
36.6
Dally Treasury Statements.
Includes balance of appropriation available for transfers subsequent to June 30, 1937*
Appropriation reduced $9,000,000 to cover transfer for acquisition of service and compensation data.
Receipts and Expenditures, Unemployment Trust Fund 1
'
(Cumulative - In millions of dollars)
End of
fiscal year
or month
.2
15
Cash Income and Outgo of the Treasury, by Major Classifications^/
(la millions of dollars)
16
CASH INCOME AND OUTGO OF THE TREASURY
DOLLARS"
Mil
1936
1937
1938
1939
1940
1941
DOLLARS
Mons
Mi
1
io ns
1
Cash Income
1,200
1.200
1,000
1,000
800
eoo
3
Mont
ft
Moving -4i/crogo\
600
F^=^-
600
r^
400
200
200
JMMJSNJM'MJSNJMMJSNJMMJSNJMMJSNJMMJSN
I
1,600
,
|
,400
,200
1,000
800
600
400
200
,000
800
600
400
200
-200
I
I
I
I
ll
,
,
|
600
TREASURY
GENERAL
FUND
-17-
AND
PUBLIC
DEBT
lg
Composition of the General Fund
(In .111 Ions of dollars
Balance
End of fiscal
year or month
Vox-king
Total
balance
Current aeeete
Selgnlor- Increment on
age
Inactive
gold
Total
gold
2.582
l,84l
2.682
2.55U
2.216
2,838
1.891
1940-January
february
Mareh
2,282
2.350
2.514
6*
1.001
2.225
970
1,628
2,160
163
571
79U
1"40
316
81
536
585
1.045
1.044
865
I.863
830
1.212
51
97
118
862
l4l
929
1,022
l"3
891
25l»
li»3
2.1*63
1,01*1*
517
ll»3
2. 5U3
I.O60
1.063
700
l4i
i4i
lU2
lU2
11*3
2.696
1U3
1U3
1U3
2,382
143
143
l»3
2.U11*
2,ao
4g6
2.030
1.891
.303
1.163
581
584
585
July
August
September
2.258
2,454
2.U15
1.527
1.720
1,680
588
591
592
1.920
1,817
1.928
1.183
1.078
1,188
59"»
i>»3
596
597
143
2.025
1.283
599
. .
Source:
•
.
.
._.
.^^
1.087
568
573
577
April
K«7
June
October
Hovember
December
19Ul-jKDuary
181*
Deposits
in federal
Reserve
Banks
1.103
3.033
2,016
2.936
2.709
2.H19
3.087
2.038
862
1933
1934
1935
1936
1937
1938
1939
1940
Bullion,
coin and
currency
Special
deposits
account of
sales of
Government
securities
All other
deposits
and collection!
31
1.851*
799
37
55
1.151
58
6%
Current
liabilities
2Ul
"51
156
203
2U9
i"7
611
3
777
805
76
88
816
815
814
85
181
194
182
86
79
1.019
901
891
1*63
251*
813
813
805
87
81
88
172
20U
lt7
963
992
1,003
639
815
759
718
717
715
94
2,611
2,566
156
157
151
904
911
93U
391
268
11*3
2,101
1.976
2,110
U05
713
705
675
1U3
2,203
9lU
702
1*79
93
92
96
108
2.231*
2.038
>»38
87
88
Dally Treasury Statements.
Statement of the Outstanding Public Debt on June 30, 1940 and January 31, 1041
(In millions of dollars)
181
159
181
178
19
Summary Distribution by Classes of Holders of Interest -Bearing Securities Issued
by United States Government and Guaranteed by United States
(In millions of dollars)
End of flacal
year or month
20
21
Statement Showing Details of Major Financing Operations of the Treasury
Since July 1, 1937
(In million* of dollare)
eeeurltlee allotted
Sen.
Amount leaned
Call and
maturity
Bate
per
oent
Date
of
Issue
1937-Sept. 15
1-1/U
Sept. 1$.
datee
1 yr.
3 "o*. Deo.
Treasury
Donda
Date
of
Issue
Treasury
Treasury notes and
bonds
eertlflcateo
Bate
per
Call or
maturity
date
"33
Sept. 15. 1932
J-l/U
s*pt.i5. 1937
3U2
3>*2
Sept. 15. 1932
3-1/"
Sept. 15. 1937
2
5 yeare
Sept. 15. I9U2
2-1/2
8 yeare
Dec.
15. I9U5
Deo.
IS
1-3/1.
5 7eare
Dec.
15, 19U2
1938-Mex.
15
2-1/2
10 yeare
6 noo.
Sept. 15. 191*8
June
15
2-3/"»
20-25 yeare
June
June
15. 1958
15, 1963
5 yeare
June
15.
1-1/8
For
oaeh
t«ndflr«d
"33
15
15.
In exchange for
Aatount of exchanges
15, 1938
Dae.
June
Treaeury
notes and
oertlfleatea
laount
Of
oath
•uheerlptlone
.081*
29"»
2U7
Too.
1. 1933
2-5/8
?•*.
1. 1938
2.702
219
13
Job.
1. 1933
2-5/8
Jen.
1. 1938
1*51
1*51
Mar.
15. 193U
3
Mar. 15. 1938
919
572
June
15. 193;
3>»7
Sept. 15. 193'
2-7/8
2-1/2
June 15, 1938
Sept .15. 193«
36
232
June
Sept. 15. 193>»
2-7/8
2-1/2
June 15. 1938
Sept. 15. 1938
I*
5»1
232
268
19^3
Sept. 15
2-1/2
12-11* yeare
Sept. 15. 1950
Sept. 15. 1952
Sept. 15
(Add.
1-1/8
5 /eexe
June
15, 19l*3
22-27 yeare
Dm.
15, I960
15, 1965
591
Deo.
Dec.
15. 19U7
T01
867
361
15, 1933
U.U87
1*62
1*05
Sept. 15. 1937
1-1/U
Dec. 15. 1938
3.062
31*2
19
Sept. 15. 1937
1-1/U
Deo. 15, 1938
5.732
1*03
188
Sept. 16. 1935
1-1/2
Mar. 15. 1939
701
Sept. 16. 1935
1-1/2
Mar. 15. 1939
Sept. 16. 1935
1-1/2
Mar. 15. 1939
6/15/3«)
Dec.
15. 2-3/U
Deo.
2
Dec.
1939-Mar.
15
9 yeare
368
329
39
Deo.
15. 19U3
22-27 yeare
Deo.
Deo.
15, i960
15. 1965
89U
891*
June
15, 193U
2-1/8
June 15, 1939
2-1/2
12-lU yeare
Sept. 15. 1950
Sept. 15. 1952
319
319
June
15. 193U
2-1/8
June 15. 1939
1-1/8
5 yeare
Deo.
15, 19"*3
53
53
June
15. 193l>
2-1/8
June 15. 1939
3/U
5 yeare
June
15.
191*1*
1*16
1*16
June
15. 1937
1-3/8
Sept. 15. 1939
Mar.
15. 19UU
515
515
July
15, 1935
1-3/8
Deo. 15. 1939
Deo.
Dec.
15, 19W
15, 1950
12-lU years
Deo.
Deo.
15. 1951
15. 1953
1.018
Mar.
15. 1935
1-5/8
Mar. 15. 19U0
U year
9 aoe.
Sept. 15. 19UU
283
283
Mar.
15. 1935
1-5/8
Max. 15, 19U0
718
June
15. 1935
1-1/2
June 15, 19U0
July
16, 192S
3-3/8
June 15, 19U0
Dec.
16. 1935
1-1/2
Dec.
1-1/g
5
2-3/>*
yeare
(A
3.61*7
12/15/38)
Mar.
15
(Add.
9/15/38)
Her.
15
(Add.
12/15/38)
Jane
15
Not.
1.
1
U
Dec.
8
2
9-11 yeare
2-1/U
Dec.
22
ears
moa.
6.26U
571
501/
1001/
19U0-Mar.
15.
3A
5
yeare
Max.
15, 19H5
718
June
15.
1
3
yeare
Sept. 15, 19U3
279
521,.)
50J/
1001/
279
3 moa.
July
22
2-1/U
605
lU-l6 yeare
June
June
15. 195U
15, 1956
681
13-15 years
June
June
15, 1953
15. 1955
725
Deo.
15. 19>»5
531
U.071
531
Sept. 15. 19W»
635
2.756
635
Dec. 18 2/
3/U
5 yeare
19Ul-Jen. 312/
3/t
3
yeare
{'•
%l
725
7J aoe.
Back rlguree: Tor financings in fiscal yearB 193U-37 aee March 1939 Bulletin, pp. 16-17.
1/ These amounts were sold to OoYernaent lnrestment accounts direct.
2/ Batlonal Defense series.
15, 19U0
22
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding^
As of January 31, 1941
(Amount In millions of dollars) 2/
Classified by year In which
23
Maturity Schedule of United States Government Interest-Bearing Public Debt Outstanding^/
As of January 31, 1041 - (Continued)
(Amount In million, of dollar.) 2/
Classified by year In which
2k
Computed Annual Interest Charge and Computed Rate of Interest
on the Interest-Bearing Public Debt Outstanding 1/
End of fiscal year or month
Interest-tearing debt
out standing
Computed annual
Interest charge
Computed rate of
interest
(Percent)
742.175.955
842,301, 131
750.678.123
844,996.902
924.275.241
947.osh.058
1.036.937.397
1.094.619,914
3.350
3. 181
2.715
2.562
2.582
2-589
2.600
2.583
41,601 O96, 741
41.839 478.210
41,983 313.887
1,084,974.743
1.091.342.623
2.608
2.608
2.597
April.
May...
June.
42.116,733.706
42. 252, 678.U72
42,376.495,928
1,094,152,460
1.097,817,1*38
1.094.619,911*
2.598
2.598
2.583
July
August ....
September.
43,186,483,544
43.316, 6l6. 931
1.114,872.891
1,118,109,481
1.121.989,746
2.582
2.581
2.580
October.
November.
December.
1*3,560,305,589
43.706,990,015
44,458,486.252
1,127.497,712
1.131,161.393
1,140.790.578
2.588
2.588
2.566
45.320,394,574
1,151.796.977
2.541
$22,157. 643,120
1933
193*
1935
1936
1937
193«
1939
1940
26.480 487.870
27.645 241 ,088
32.988 790.135
35.800, 109. 418
36.575 925. 880
39.885, 969.732
42,376 495,928
1940- January.
February.
March
.
1941-January.
Basis:
1/
»3. I »T9.951 ».3 I '9
*
1,090,1*511,902
Dally Treasury Statements.
Treasury bills are Included in intereet-bearlng debt figures at face amount, but for the purpose of calculating the computed annual
interest charge and the computed rate of interest, the discount value is used.
Average Yields of Long-Term United States Treasury Bonds and Hlgh-Grade Corporate Bonds
(Percent)
25
o
o ?
UJ
c
D -
>
tt
3
2
IS)
Q
Z
C^
O
.
CO CD
UJ
UJ
Ol.
HO
CL £
I
OO g
^°
3
I
<
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^I
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Si
>
<
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</>
,
uj
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Cfc
uj <.
o
u
o
O"
<r uj
>
8
li-
3<
uj
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§
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26
o «
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si
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T>so2?
•
<
o E 6 § ?
*
5
! 5 » ?
',»<
21
i>
2
«•
• S
. £-5
S
o
f
ȣ
„
c
o
» »
*.«,*
*-
?*
S<-o
8 °
S
*
,= -c
05
o . Sv
Z " •
-c
0«
C
<£
° «
E
*-
|o»2^
55
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
-27-
2g
Assets and Liabilities of Governmental Corporations and Credit Agencies and Analysis
of Proprietary Interest of the United States as of December 31, 1940
(In millions of dollars)
Liabilities and reserves 1/
Assets 1/
Total
Guaranteed by
United
States
(Includes
accrued
lntereet)
Proprietary lntereet
Excess of
Hot
assets
Priguaran(Total
teed by proprietary vately
United Interest) 1/ owned
Statee
Owned by United States
Interagency Interests
Capital
Surplus
stock
Total
3-1
1*7-5
1U3.3
109.0
128.0
100.6
100.6
100.0
.6
.1
.1
22.6
22.6
2U.0
-l.l»
Banks for Cooperatives
Commodity Credit Corporation.
150.6
3.1
926.0
825.U
Disaster Loan Corporation....
22.7
697.1*
*.2
Electric Home and farm Authority.
Export-Import Bank of Washington.
1U
13.7
13-T
1.1
1.1
.8
106
.2
.2
106.U
106.U
75-0
Tarn Credit Administration
271
193-0
193-0
7t.O
78.0
WoU
27.7
27.7
*.7
*.7
377.0
13.S
377.0
18
239.3
239-3
289-3
U2.2
U9.3
198.1
180. *
5.3
5*. 8
Farm Security Administration
federal Crop Insurance Corporation. .
federal Deposit Insurance Corporation.
.
federal fans Mortgage Corporation
federal Home Loan Banks.
federal Housing Administration
federal Intermediate Credit Banks
federal Land Banks
y
federal National Mortgage Association.
federal Prison Industries. Incorporated
federal Savings and Loan Insurance
Corporation
Home Owners
*
5_/
Interior Department (Indian Loans)
Panama Railroad Company £/
Production Credit Corporations.
Public Works Administration
Puerto Blcan Reconstruction
Administration
Reconstruction finance Corporation.
Regional Agricultural Credit
Corporations
ETC Mortgage Company
119.3
73.
18.9
13.1
377.1
13.8
lU.O
139.3
150.0
150.0
200.0
55.7
198.1
12*. 7
12*. 7
5*. 8
5*.
23.6
1*5.2
97.5
97.5
10.0
7.2
9.1
9-1
5.0
1.6
126.k
126.U
100.0
26.lt
50.7
2U.5
2U.5
200.0
-85.5
1.0
1.0
2*.*
2*.*
12.0
2.7
2.7
50.8
1.9
1.9
U8.9
*8.9
7.0
U3.3
109.3
.*
.U
IO8.9
108.9
105.0
3.9
89.7
89.7
8.0
8.0
88.7
88.7
.2
9.3
128.0
25.U
1.6
1.681.7 2,631.0 */
2.7
89.7
8.0
1.652.U 1.387.6 1,100.6 u/
22.3
69.8
365.2
1.6
l.U
15."
V
287.0
26U.S
1.6
l.U
20.7
68.U
15."
252.*
3U9.3
Inc
War Emergency Corporations and
Agencies (In liquidation):
Navy Department (Sale of surplus
war supplies)
78.0
67.*
67.8
1*18.3
Tennessee Valley Authority
Tennessee Valley Aseociated Coopera-
United States Maritime Commission..
3
60.0
203.5
1.819.7
252.
Treasury Department (Miscellaneous
securities held)
United States Rousing Authority....
•
6.3
67.8
203.5
.819.7
215.9
26*.
20.7
68.U
59.1
232.*
227.0
S2.U
5.*
82.*
2.7
89.7
8.0
500.0
187.2
5.0
25.0
15.7
•
109.
3*9.8
293.5
59.1
59.1
137.3
163.0
137.3
163.O
59-1
1.0
136.3
172.9
*.5
.1
.1
.1
United Statee Rousing Corporation..
1.3
1.3
1.8
3*.l
-32.3
.7
.7
.1
.2
5U.6
5*.6
23.0
Total
Source
•
1/
2/
2/
*/
5/
6/
•
7
56.
3
*.5
55.3
22.8
7
*-5
Other Corporations 6/
Interagency Items (Exclusive of
proprietary lntereete):
Due from agencies not listed above.
Due to agencies not listed above...
Subtotal
Interagency Proprietary Interest
(Included In above figures)
10.0
12.
Secretary of the Treasury
(U. S. Railroad Administration)..
United Statee Spruce Production
Corporation
U.l
252.
•
369.7
2*5.
Special obligations held
by the Treasury
18.
202.9
271-3
2.238-5
166.2
Sural Electrification Administration.
tives,
.321-3 1,279.1
299-
2.706.2
Loan Corporation
Inland Waterways Corporation
529.
1.519.
Honetock
*.5
.1
13,261.2 9.287.* 5.9*8.2
3.339.2
3.973.3
*15.1 3.558.7 1. 9*7.1
-222.0
-1.0
13.261.2 9.287.U 5.9U8.2
3.339.2
3.973.8
*15.1 5.558.7 1.725.1
512.9
513.9
90.3
-23-9
1.320.7
89.6
1.320-7
89.6
Dally Treasury Stateaente.
Less than $100,000.
Excludes Interagency assets and liabilities (except marketable security Issues and deposits with Reconstruction finance Corporation).
negative items represent net excess of Interagency aasete over interagency liabilities.
Includes the assets and liabilities of the federal land banks of Louisville and Houston which have retired the capital stock and
paid-in surplus previously held by the federal Ocvemment.
Obligations held by the Secretary of the Treasury are shown as interagency interests.
figures reported are as of Hovember 30, 19*0. figures for December 31, I9U0 not available.
Comprises Metals Reserve Company, Rubber Reserve Company, Defense Plant Corporation. Defense Supplies Corporation, and Defense Homes Corporation.
29
Sources of Funds of Certain Governmental Corporations and Credit Agencies
for the First 6 Months, Fiscal Year 1041
Corporation or agenoy
30
Uses of Funds of Certain Governmental Corporations and Credit Agencies
for the First 6 Months, Fiscal Year 1941
Corporation or agency
31
Sources of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through December 31, 1940
Corporation or agency
Central Bank for Cooperatlvee
Commodity Credit Corporation
Oleaster Loan Corporation
Allocations, redi bcoTxnti, and loans
froo other governmental corporatione
and agencies (net)
Appropriations
from general
fund 1/
30.000,000
Sale of
obligations to
Treasury
Sale of obligations la
Sale of stock
to other
agencies
the market
(net)
(not)
$ 10.265.878
$
270.128.592 2/
$
2I.000.000 37
Electric Hone and farm Authority
1,000.000
Export-Import Bank of Washington
1.000,000
federal Deposit Insurance Corporation
150.000,000
federal Farm Mortgage Corporation
200,000,000 37
Federal Home Loan Banks
12u.71tl.ooo 37
11,588.210
1.150,000
71,000,000
139.299.557
1.269,387.900
90.500,000
federal National Mortgage Association
76.931.190
11.000.000
85. 210.000
federal Savings and Loan Insurance Corporation.
Home CvneTe
1
Loan Corporation
Reconstruction finance Corporation
100,000.000
200,000.000 I/
$10,000,000
500,000.000
22,801.250
BJC Mortgage Company
Sural electrification Administration
United States Housing Authority
127. a?. 829
226.256.OOO
23.000.000
31.503.393
$310,361,280
Repayment
of loans 6/
property
acquired
Central Bank for Cooperatives
Dl saster Loan Corporation
25.000.000
33.937.106
Sale of other
Commodity Credit Corporation
1.096.757.000
1I6.I85.666
$1,662,019,827
Corporation or agency
3.111,153.550 1/
Ul,oa,853
Other Corporations 5/
Total
627,800
696.252.000
t
$ I7.l62.3ll
$32,801,250
Interest, dividends, assessments, and
property Income
$6,590,131,660
Other receipts
219.202.976
10.295.562
1,301.011
705.836.701
16.262,075
2.275.819
$372,927,357
Total, sources
of funds
$
271 .693.230
1.737 .917.531
5,989.616
888,156
83.131
31 .Oil .012
Home and farm Authority
19.190.877
3.H3.135
266,002
35 .188,521
export-Import Bank of Washington
11. 810. Oil
7,912.881
707.120
129 ,610.015
II ec trie
79.809
federal Deposit Insurance Corporation
federal farm Mortgage Corporation
11,538.185
federal Home Loan Banks
federal National Mortgage Association.
81,171
60.617,711
271.709.117
1,189,391
625 ,816.139
280. 625. 67I
101.227.801
9.515.693
2.172 .295.553
511. 612,661
37.911.999
a. 605, 983
federal Savings and Loan Insurance Corporation..
Home Ovnere
1
Loan Corporation
Reconstruction finance Corporation
RTC Mortgage Company
Source:
1/
2/
37
3
6/
I]
a2 .110,323
11. 811,913
2.733.136
32,169. 117
121.957
132 ,591.101
863.715.287
822.025.315
20,101,263
5.111 .985.793
21.211.120
5.155.372.898
580. 930. 736
77.932.338
7.155 ,008,612
177.189
105.031,717
10,782.018
2,792.013
185 ,105,120
1,106.860
7.9H.183
26.239
285 .775.777
951.101
37l.931.oo6
15.638.513
177.522
65I ,891.878
$192,892,791
$8,373,010,071
$2,233,986,811
Other Corporatione 57
Total
811 .571.730
111.387.378
Rural Electrification Administration
United States Housing Authority
73.773.070 J7
51 503.393
$199,299,011
$19,967,736,091
Reports received from the corporations and agenclee.
Items In this column are the only ones In this statement vhich constitute a charge against the federal Budget.
Includee $3,000,000 B.I.R.A.; $97,000,000 R.f.C. laoluded In notee canceled by the Treasury (See footnote 3); and $170,128,591.77
restoration of Capital Impairment, vhioh Is net of a repayment to the Treasury of $13,756,731.01 on the oasis of March 31, 19I0
appraisal of the corporation, pursuant to Public Bo. 112 - 75th Congress, approved March 8, 1938.
These funds were furnished by the Reconstruction finance Corporation from the proceeds of Its notee 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 fehruary 21, 1938.
Retirement of these obllgatlone shown as "Retirement of obligations issued In exchange for mortgagee* In the statement of usee of funds.
Includes Metale Reserve Company, Rubber Reeerve Company Defense Plant Corporations, Defense Supplies Corporation, and
Defense Hoaee Corporation.
Receipts from the sale of property acquired In liquidation of loans are shown as "Sale of other property acquired".
Includee $11,510,650 paid-in capital etock hell by member Institutions.
,
32
Uses of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through December 31, 1940
Corporation or agency
33
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States^
(In alll Ion. of dollara)
Ind of fiscal
yaar or month
Maturity Schedule of Securities Guaranteed by the United States*/
As of January 31, 1941
(Amount In millions of dollars) 2/
Classified by year in which issues mature
Classified by year in which issues are first callable J/
Description of security U/
Fixedmaturity
Issues
Callable Cumulative
issues
total
HOLC
RFC
OCC
RTC
USRA
CCO
BondB
Notes
Hotes
Motes
Notes
Notes
L -
N D P E I -
5/15 Ul
7/20 Ul
8/1 Ml....
11/1 Ul
11/1 Ul
11/15 Ul
203
299
112
5/8*
7/8*
5/8*
7/8*
1/U*
20U
1*
191
211
1.220
Total
Callable Cumulative
issues
total
L -
Hi
N D P -
Ul,
5/15
7/20
S/l
11/1
E - 11/1
E - 11/15
Ul,
191
211
203
299
Ul
Ul
112
20U
Ul,
1.220
Total
19U2
RFC
FFMC
ffmc
RFC
HOLC
Notes S Bonds
Bonds
Notes S Bonds
1/15 Ha....
1/15 H2-U7.
3/1 U2-U7.
310
7/1 U2
7/1 U2-HU.
276
Total
7/g*
1*
236
103
586
875
1.21U
RFC
RFC
Notes 1 Notes S -
1/15 U2
7/1 U2,
Total
J
i2
276
1,S06
586
3.020
19U3
19"»3
3/U*
Bonds
Notes
Notes
Notes
USHA Notes
CCC Notes
HOLC
ETC
CCC
RFC
1,220
19U2
7/8*
3*
2-3/U*
1*
2-1/U*
Fixednaturity
Issues
19U1
19U1
5/8*
7/8*
5/8*
7/8*
1/U*
1*
Description of security U/
CCC
Notes?-
5/1 U3.
Total
3/U*
289
289
CCC
Notes 1 -
5/1 U3...
Total
3.309
289
2.095
289
19UU
191*
1-3/8* OSHA UoteB B
3-1/U* FFMC Bonds
HOLC Bonds A
3*
FFMC BondB
3*
-
-
2/1 UU
3/15 HU-6U.
5/1 HH-52.
5/15 HH-H9.
Total
1-3/8*
2-1/U*
11U
95
779
833
11U
1.709
2/1 UU
7/1 U2-UU
11U
875
UU
Total
875
3.08U
5.132
19U5
19U5
6/1 U5-M7.
1-1/2* HOLC Bonds M Total
USHA Notes B HOLC Bonds
3.08U
J55_
755
5.887
19U6
19U6
3.0SU
5.887
19U7
19U7
5.887
3*
2-3/U*
1-1/2*
FFMC Bonds
FFMC Bonds
HOLC Bonds M -
1/15 U2-U7.
3/1 U2-U7.
6/1 U5-U7.
Total
19U8
19U8
5.887
19U9
19U9
5.887
3*
FFMC Bonds
-
5/15 UU-U9.
Total
1950-51
1950-51
5.887
1952
1952
5.887
3*
HOLC Bonds A -
5/1 UU-52.
Total
1953-63
1953-63
5.887
196U
196U
5.887
3-1/U*
FFMC Bonds
-
Total
3/15 UU-6U.
236
103
755
1.09U
THE
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
-35-
36
Net Capital Movement between the United States and Foreign Countries
1935 through November 1940
[in thousands of dollars.
Capital Inflow or capital outflow (-)]
37
3*
Short-Term Foreign Liabilities as Reported by Banks and Bankers
in the United States for November 1940
(In thousands of dollars)
Liabilities as of
following dates
Grand
total
United
Kingdom
France
3.763.215
3.768.135
3.825.511
3.820.252
379,255
379. 719
389.976
397.155
501.273
500.359
198.731
197.611
115.110
Il5.0l1
3.717.178
3.722.795
3.780.212
3.777.083
352.175
353.716
36U.U03
373.595
500. 015
199.236
197.686
196.535
III.I30
III.O5I
3.580.186
3.588,286
3.6U3.715
3.635.982
3H.797
111,581
111.201
111.785
365,51*8
191.181
190.553
188,808
187,890
1.211
1.775
1.720
1.226
1.113
1.2U2
1.325
1.087
2.839
2.816
2.907
2.833
Belglum
Denmark Finland
Italy
HetherNorway
lande
Sweden
Switzerland
Other
Borope
Total
Europe
TOTAL SHOBT-TEKM
FOREIGN LIABILITIES!
Hot. 6
Sot. 13
Not. 20
Not. ri
l6,0fi7
21,298
21.391
21.512
21.993
7.050
7.709
7.122
8.000
19.267
18.731
19.322
18,850
180.009
178.001
176.511
172.828
51.183
50,288
50.195
50,11O
232,388
232,008
230,118
232.360
191.599
188,725
188,388
193.521
189.893
191.291*
192,280
190.119
16,056
15.976
15.825
16,052
21.290
21.382
21.505
21,985
6.763
7.126
6.812
7.630
19.088
18,562
19.111
18.726
176.311
171.311
172.877
169,178
51.081
50.189
50.097
50.056
232.213
231.939
230,0l9
232,289
189.737
186.866
186, I36
189. 657 2,202,182
1*91.119
191.055 2,200,712
192.021 2.201.557
189,859 2.212,297
15.901
15.820
15.663
15,889
21,288
21.380
21,503
a, 983
6.517
7.197
6,651
7.136
18.773
18. 261
18.817
18.117
175.280
173.261
171.951
168,531
50.637
19.739
19.663
19,616
229.823
229.758
227.832
230,112
179.706
176,707
176.135
181,610
187.638
192.199
190.351
188,238
2,166,128
2.165,859
2,170.101
2.177.163
71*6
121*
127
111
116
1.596
1.356
1.391
1.321
9.192
9.630
9. 518
9.192
1.H2
63
1.187
l.llO
1.156
21,878
22.523
22.365
21.263
16,069
15.991
15.811
2.237.691
2.235,290
2.238.719
2.211.316
TOTAL LIABILITIES
PAYABLE IN DOLLARS:
Not.
6
Hot. 13
Not. 20
Hot. 27
lH.699
1H.673
Deposits for
foreign account:
Hot.
6
Not. 13
Not. 20
Not. 27
31*6,780
357.615
Hi .833
Bills held for
foreign account:
Not.
6
Not. 13
Hot. 20
Not. 27
90.122
88.1(15
,
91.215
93.996
213
230
215
J,
612
663
Short-term United
Statee Oorernment
obligations held for
foreign account:
Hot. 6
Not. 13
Hot. 20
Not. 27
30,090
30,090
29.758
29.813
3.130
3.130
3.230
3.230
3.311
3.311
3.382
3.137
Other liabilities
payable in dollars:
Not.
6
Hot. 13
Hot. 20
Hot. 27
16. ISO
16.00U
15. 521
17.292
3.162
2,186
2.063
3.816
1.318
1.311
1.323
1.328
26,780
26,003
25.573
23.560
1,228
1.123
106
106
106
106
821
825
823
823
168
I58
112
516
3.695
3.690
3.661
3.350
115
69
69
2.611
2.635
2.610
2.295
126
59
7
5f
263
263
263
96
82
io|
10.535
9.019
8.706
10.131
1,862
1.859
1.952
2.105
236
23?
256
260
35.512
31.518
31.162
32.019
1.553
1.599
1.71I
1.793
202
196
205
207
15.700
11.723
15.020
12.536
TOTAL LIABILITIES
PAYABLE IN rOEIIOH
cberencies:
Hot. 6
Hot. 13
Not. 20
Not. 27
1*6.067
15.310
15.329
13.169
1,01*5
980
990
991
1.079
993
287
283
310
370
3
26
57
16 !
166
111
178
121
71
Borrowings from
foreign banks:
Hot.
6
Not. 13
Not. 20
Not. 27
22.201*
21.173
a. 871
19.387
9.160
8,581
8.820
6. 516
561
189
523
802
801
808
807
7
"5
13
Acceptances made
by foreign banks:
Hot.
6
Not. 13
Hot. 20
Hot. 27
13,881
12,018
16.35a.
12,1*69
13.586
13.563
11.718
11,696
9.982
9.813
9.869
10,219
5.302
1.950
5.005
5. 318
198
181
171
173
895
896
89I
895
13.176
13.910
13. 180
13.127
Other liabilities
payable In foreign
currencies:
Hot.
6
Not. 13
Not. 20
Not. 27
107
78
82
83
120
128
128
128
258
257
253
255
(Continued on following page)
159
302
aS
251
233
307
160
6.336
5.915
5.962
6.356
39
Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for November 1940 - (Continued)
(In thousands of dollar*)
Argentina
Liabilities at of
following datet
Chile
Cuba
Meilco
Panama
& Canal
Zone
Other
Latin
America
Total
Latin
America
103 .S>*1
10U.505
101, 5H1
1*1*8.280
99.872
"•53.623
Ho rig
Kong
Japan,
Korea and
Manchuria
Philip
pine
Islands
Other
Aala
Total
Aula
585,1*1*1
1*5.075
149,093
151.299
153.980
1U6.782
595.676
633.977
622,020
69.721
73.327
70.835
65.J15
.207
148,893
i*u,ioo
997
151 .014
803
J2: 319
577 .01*7
587. 046
62U.875
612,805
69.352
72.925
70,385
64.776
All
other
TOTAL SHOET-TEHM
WBEIOH LIABILITIES:
UO.566
37.781
37.678
UU.103
2U.291
2U.3UO
23.856
26.936
IIO.361
111,100
113.965
115,080
"to.
w.093
2U.291
2U.3U0
23.856
26.936
108.168
108.888
112,216
35.895
32.79 *
32.786
38.62U
23.228
23,268
22.835
25.973
U.656
U.978
U.87U
920
938
878
803
6
110,1*23
Hot. 13
Hot. 30
Hot. 27
111.155
Not.
UU.02U
115.109
58.5t6
6U.275
6U.283
63.199
62.601
5J.I»JU
6U.073
6U.021
63.OOI
62.371
58.5K6
57.U3U
56.87U
58.619
103. 52U
l*l*7,6s6
10U.1U6
101,131
i*>*i*,i*09
99.1*77
1*52.958
62.157
62.088
61.132
60.509
58.1*77
99.197
99.858
96,821
95.379
U32.588
UU.771
"A. 719
U5.5U8
816
76U
1.191
778
1.820
1.837
1.771
1.763
106.858
11U.129
125.395
119.3U9
1*5.226
192.733
193.200
217.870
218.600
91.531
92.0U8
92.613
192.205
192.63}
217.186
217.889
S9.07U
89.393
89.889
S9.30U
101,668
109,069
119.897
5 ,937
UU.396
1*1*.
8 ll,101
68.308
35.91*8
l"*l,730
aU.527
7"*.7>*0
37.212
144,887
1*95.608
507.171*
1*27.321
"»38.017
165,521
165,808
190.556
190.909
8l*,976
85.158
77.91*
11*6,31*0
51*2,1*03
8U,2l»0
.968
St*
138,193
526,221*
67.327
70.891
6S.2U9
62,659
3.736
3.698
3.723
13.767
1U.0U7
1U.151
5.528
5.653
5."78
58h
32.818
33.1*06
13.91*0
5.831*
36.231
35.965
3.749
4,781
3.5"
501
586
6.319
4.787
5.785
7,088
5.51"*
1*78
50,763
U8,073
50.776
54.876
1.744
1.852
1,955
1.937
^7
U02
37
37
37
1*02
21,000
21.000
a. 000
21,000
1*6.338
"5.591
U5.966
W.383
56.87U
58.619
1*1*5,089
1*1*3.
138
92.21ft
US, 000
44,119
TOTAL LIABILITIES
PAYABLE IH DOLLARS:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
553
37.777
37.605
U6.338
>*5.59l
U5.966
U6.382
1*1*2,1*58
Deposits for
foreign account:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
113. >*26
1
1*5,1*66
57.367
56.812
58,558
1*29. 03U
rille held for
foreign account:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
1,808
1.823
1.710
1.617
5.^5
Short-term United
States Government
obligations held for
foreign account:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
350
350
52
52
200
U.2O0
U.200
U. 200
1,000
1.000
1.000
1,000
It,
26.20U
26,201*
26.20U
26.201*
Other UaMlltles
payable In dollars:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
,
,
55
11*3
39
39
37
13&
163
160
929
926
93 *
g
591
590
587
587
202
262
198
230
317
359
uio
395
680
680
665
59
17"
102
169
162
269
23U
156
172
189
188
&2
1
9%
278
542
923
508
517
1.940
1.938
1,942
1.9U1
I.6U5
2.37"
2.678
2.619
4,472
5.595
5.492
5.501
200
285
177
563
6.391*
8.630
9.102
9.215
402
U50
339
179
261
160
5.370
5.4SU
5.93 1*
6.057
162
206
202
11U
281
182
181
ISO
TOTAL LIABILITIES
PAYABLE IB 70SEI0H
CUBHEKCIES:
Hot.
6
Hot. 13
Not. 20
Hot. 27
62
59
29
59>*
528
567
2. "157
2.655
5.190
5.060
6s"»
2.72"*
5.1*98
711
2.910
.953
513
551
67t
705
1,866
2.006
2.020
2.793
2.603
3.061
2.300
Borrowings from
foreign banks:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
J6
50
38
8
2.1*29
19
63
19
78
51*5
Acceptances made
by foreign banks:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
67
20
n
22
22
8
77
Other liabilities
payable In foreign
currencies:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
23
22
IE
18
136
227
IU9
176
258
257
2U1
233
"»17
506
408
591
6U8
704
1*28
481
2.330
2.385
2.362
2.576
2.953
3.069
3.093
3,080
187
17U
226
217
1*0
Short-Term Foreign Assets as Reported by Banks and Bankers
in the United States for November 1940
(In thousands of dollars)
Assets as of
following dates
Grand
total
United
Kingdom
Pranoe
Belglum
Herman/
Denmark
Italy
Netherlands
Horway
Sweden
Svitterland
Other
fur ope
Total
lurope
TOTAL SHORT-TERM
FDRIIOB ASSETS:
Hot. 6
Sot. 13
Hot. 20
Hot. 27
396.799
W7.559
U06.756
395. ito
20.244
a. 036
a, 152
21.423
4,11*1*
4.247
U.3H7
2.189
2.088
2,106
2.109
267
260
262
I.856
1.857
I.863
1.857
U2.8U2
42.914
42.302
1*2. 986
2,672
2.901
2.793
2.245
1.005
973
1,126
1.137
1.079
1.075
1.070
1.015
2,152
2.090
560
553
586
677
693
676
670
383
385
5»7
563
297
301
307
255
l*8U
861*
840
1,892
1.8U8
1.936
I.85U
25.625
26.05U
25,926
25.938
105.1*98
807
1.111
1.076
1.226
1,281
1,300
1.373
1.275
13,1*69
UU
Ul
5.724
6.101
6.560
7.040
107.2U7
105. 61*5
106,013
TOTAL ASSETS PATABLI
IH rOEIIOH CUBRJHCIIS:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
53.617
5u.au
5U.130
5U.325
7.871
8.050
8.178
8.862
U65
U72
444
556
604
587
588
591
61*5
1*79
396
369
13.972
14,210
15.051*
Banks own deposits
abroad:
Hot.
6
Hot. 13
Bot. 20
Hot. 27
10.32U
10.931
11.092
11. 788
3.928
3.966
4.197
H.525
3U.U00
3U.2U9
3U.131
1.033
1.059
982
978
255
252
2Q0
35^
8.762
8.883
8,789
8.U06
2,910
3.025
2.999
3.359
171
168
177
177
3U3.182
353.315
352.626
3H0.815
12.373
12.986
3.208
3.672
3.803
3.791
1.585
1.501
1.518
1.518
640
U7
U5
80
581
5
fJ*
56U
56U
1UH
222
251
260
21
692
995
967
1.117
11H
286
305
lUa
Deposits abroad for
aooount of domestic
clients:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
1*89
391
1U8
11
H15
2,sa
1*86
378
378
3U8
11*8
1*1*0
1U8
11
11
U13
101*
10
1.13
2.853
2.731
2.762
104
105
98
99
822
809
818
484
1*79
Other assets payable
In foreign
currencies:
Hot.
6
H«t. 13
Hot. 20
Hot. 27
211
212
20U
203
l*,92l*
133
137
138
137
1*1*2
782
77U
1,668
1.611
1.085
2ll.3l*lt
£
1*68
S60
628
2U.75H
2U.553
2U.663
92.029
93.275
91.U35
90.959
11.307
11.578
11.281
11.578
3H.930
35.579
3&.830
33-620
I.013
65C
652
653
23.918
23.076
2U.006
U32
35U
329
821
5.018
U.919
5.252
TOTAL ASSXT3 PATABLI
IH DOLLARS:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
12
|£
2U6
244
23«
23U
1.839
1.839
1,846
I.8U3
1*2,282
1*2.361
Hi. 716
1*2.31*1
1.995
2,208
2.117
1.575
622
588
579
57U
901*
116
92
7
760
U71
Loans to foreign
hanks:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
117. >*35
6.1*22
12U.2O0
119, 28H
120.402
6.570
6.53U
6.O65
990
1.00U
1.072
1,100
56,678
5U.596
56.272
2.067
2.2U6
2.27*
2.309
587
587
586
606
169,069
17H.5H9
178. H86
16U.1U1
3.88U
n.170
U.166
4,187
1.631
2.081
2.1U5
2.085
13.288
13.023
555
579
581
13,1*65
1.1.39
1,1*06
13.167
881
19,818
20.232
19.371
20,280
111*
9.176
9.106
8.880
977
708
690
688
1.092
1.057
17
20
86
129
22U
31*8
110
Acceptances made for
foreign banks:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
5M56
61
21
6
23.7'tS
Other assets payable
In dollars:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
9U5
946
939
937
246
244
238
23I*
1.839
1.839
1.846
I.8U3
8.891*
(Continued on following page)
501
U91
U83
U83
740
73
3
726
728
353
353
J
12.021*
44
12.522
12.620
12.U32
33.351
33,778
33.529
33.333
In
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for November 1940 - (Continued)
(
Assets as of
following dates
Argentina
Brasll
Chile
TOTAL SEOBT-TIBX
roanoN assets:
Hot.
6
Hot. 13
Hot. 30
Hot. 27....,
It .077
13.009
1J.913
13.515
39.»t57
1.351
1.0S3
10,103
10.102
10.107
10.100
39.574
38.430
38.960
10.792
11.513
11.483
11.729
TOTAL ASSETS FAIABLX
IS fOBECOB CUSBIHCIIS:
Hot. 6
Hot. 13
Hot. 30
Hot. 37
'IS
Banks own deposits
abroad!
Hot.
6
Hot. 13
Hot. 30
Hot. 37
97
77
63
,
Deposits abroad for
account of doneetle
clients;
Hot.
6
Hot. 13
Hot. 30
Hot. 37
837
587
599
585
10.014
10.014
10.019
10.017
Other assets payable
In foreign
currencies:
Hot.
6
Hot. 13
Hot. 30
Hot. 37
417
418
U07
IgU
21
TOTAL ASSETS FATABLI
IB DOLLABS:
Hot.
6
Hot. 13
Hot. 30
Hot. 37
12.726
11.927
12.81*
12.701
29,354
29.472
38.323
28.860
272
417
1.536
1.783
5.120
6,120
5. 380
5.743
1.549
588
604
652
lO.OJl
9.5§9
9.363
9.006
10.905
10,932
10,704
10.266
14.203
13. 803
13.580
Loans to foreign
banks:
Hot.
6
Sot. 13
Hot. 30
Hot. 37
,
Acceptances aade for
foreign banks:
Hot.
6
Hot. 13
Hot. 30
Hot. 37
Other assets payable
In dollars:
Hot. 6
Hot. 13
Hot. 30
Hot. 37
lft.113
Cuba
la thousands of dollars)
k2
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers
in the United States for November 1940
(In thousands of dollar*)
Transactions during
week ended
l
TOTAL PUBCBASSS
15 THE UHITED STATES
FOE I0SEI0S ACCOUST:
Hot. 6
Sor. 13
Hot. 20
Hot. 27
United
Klagdoa
Grand
total
13.313
15.478
11.514
6.038
189
442
288
210
ft-ance
69
55
Oermany
Belglum
2.163
91
159
106
7»
Sweden
Italy
>*.30S
97
100
1,036
57
3
39
87
100
218
137
Swit- Other Total
serland Europe Europe
1.713
1.917
1.156
1.283
262
303
292
233
1.292
1,710
1,018
1.017
232
191
"».59T
7.342
3.481
2.123
Latin
Japan,
Canada Amer- Korea and
loa Manchuria
Other
Asia
Total
Asia
887
1,141
698
316
962
1,410
1.027
836
1.036
472
251
2.043
2.760
2,129
1.296
269
329
73
379 1.139
2,096
4
6
1,647
802
657
832
1.030
424
2
2<*9
5.630
3.835
4.791
2.107
J5
389
Purchases of
doneBtlo securities!
Stock*:
Hot. 6
Hot. 13
Hot. 30
Hot. 27
4.206
6.783
U.777
3.391
Bonds:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
Poronaset of
foreign securities:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
TOTAL SALES IH
THE UHITXD STATES
FOB lOBEIOa ACCOUHT:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
44
37
13
I
116
135
39
52
6
14 5
%
19
a
3
9
19
2,112
">,292
170
65
24
17
1,018
37
10
2.115
1.149
3.070
941
14.618
15.439
10
14
152
2,582
4,620
1.351
359
1.910
1.159
214
103
132
168
154
946
1*3
450
80
114
2.136
5.006
1,184
5.325
112
61
112
16
2.791
1.960
2,212
64
241
82
25
21
111
48
89
11
2,185
1.586
1.7U5
1,623
23
5
2.107
5.OO5
1.127
5.310
89
57
1:8
512
629
580
2.125
6,090
7.996
4,269
7.642
120
266
lt.735
58
4
78
7"
238
140
36
589
21
95
693
855
789
2.509
lit.
3»3
112
1.847
2.568
1.873
1,588
2.2>*5
U3
?* 5
42
4a
28
2T
2?7
27
71
263
281
Tl
13
33
T
40
84
296
288
111
1 254
291
379
362
5.139
3.938
4,202
2,280
2,082
1.697
2.865
1,421
lb
2
1.238
1,111
2,602
503
3,041
2,962
2.922
4,050
1,289 1.895
1.273 l.>*?5
l.W»7 2.361
829 1.153
11
19
23
2
1.193
1.078
2.595
386
1,204
1.09T
2,618
388
2.767
5.399
1.658
6.079
3.219
2.491
2.456
1.378
60
68
150
73
>*3
>*3
6
127
134
39*
195
2.
90 6.036
8.631
244 *.872
226 10,490
24
32
.135
2.63H
505
Sales of
domestic securities:
Stocks:
Hot,
6.
Hot. 13
Hot. 20
Hot. 27
Bonds:
Hot. 6
Hot. 13
Hot. 20
Sot. 27
Sales of
foreign
Hot.
Hot.
Hot.
Hot.
J"
5
?
6,864
8
1
1
28
5
7
f
177
18
1
213
13
10
20
23
3
33
5
in
37
5
111
securities:
6.
13
20
27
994
579
957
635
29
78
89
US
12
17- 5
161
141
187
228
270
292
361
?
IT1 *
299
T3
7
1
11
6
TOTAL PDHCHASIS
EXECUTES ABBOAD POB
DOMESTIC ACCOUHT!
Hot.
6
Hot. 13
Hot. 20
Hot. 27
454
612
846
665
32
349
603
1
26
16
2
635
Purchases of
domeetlo seoorltl.is:
Stocks:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
S
Bonds:
Hot.
6
Hot. 13
Hot. 20
Hot. 27
Purchases of
foreign securities:
Hot. 6
Hot. 13
Hot. 20
407
579
6
Hot. 27
(Continued on following page)
26
32
1
16
2
*3
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers
In the United States for November 1940 - (Continued)
(la thousands of dollars)
Transactions during
week ended!
W»
Security Transactions in Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for November 1940
(In thousand! of dollars)
Transaction* during
week ended
I
Grand
total
Onltod
Ilngdon
Iraao*
Belgian
Oar-
Italy
Netho;-
Sveden
Swlt- Other
zarlond Surop*
Total
Oanada
Burope
TOTAL FUBOHASZS
IB TEX OTITKD STATXSl
Hot.
6
Hot. 13
Hot. 20
Sot. 27
9k
236
236
319
so
Purchases of
domestic seourltleal
Stocks:
Hot. 6
Hot. 13
Hot. 20
Hot. 27
Bonds!
Hot.
6
Hot. 13
Hot. 20
Hot. 27
5
97
3
Purchases of
foreign securities!
Hot.
6
Hot. 13
Hot. 20
Hot. 27
«9
139
89
139
316
80
TOTAL SAUS
ih tbi uhited statxsl
Hot. 6
Hot. 13
Hot. 20
Hot. 27
127
189
270
125
2U
1
16
127
161
269
109
Sales of
domestlo securities!
Stocks!
Hot.
6
Hot. 13
Hot. 20
Hot. 27
20
16
1
1
Ik
1ft
Bonds!
Hot. 6..
Hot. 13
Hot. 20
Hot. 27
Sales Of
foreign securities!
Hot. 6
Hot. 13
Hot. 20
Hot. 27
127
161
269
111
127
161
269
109
Latin
Japan.
Amar- Korea and
loa Manchuria
Other
Asia
Total
Aala
All
other
*5
Foreign Purchases and Sales of Domestic Securities^/
(In thousands of dollars)
Transactions
*6
CO
LLl
Z)
u
UJ
CO
U
co
LLl
O
Q
CO
z>
O ^
CO
LlI
<
CO
CO
LU
CO
<
X
u
on
D
Q.
O
LlI
o
o
*7
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers in the United States for November 1940
(In thousands of dollars)
Currency of:
Transactions
during
week ended!
Grand
total
Belglum
United
Kingdom
Nether-
Germany
Italy
172
238
12
56
109
2
*5g
13
29>t
662
30
223
6sU
18
It
Latin
Japan,
Amer- Korea and Other
Asia
ica
Hanchurla
Swit- Other Total
zerland Europe Europe
lands
Total
Asia
All
other
526
TOTAL PURCHASES:
6 Spot . .
6 ?orward
15.9>*7
7.078
1.179
72
2,007
Hot. 13 Spot.
Not. 13 Forward,
15.850
6.707
6,026
U.715
160
Hot. 20 Spot..
Not. 20 Forward.
17.703
H.1S6
6,660
2,522
SS
26
Hot. 27 Spot.
Not. 27 Forward
16.26U
3.236
7.SU0
1.U81
29
23
136
Not.
Not.
1
1*26
136
91
98
7
3.163
196
11,1*07
1.55"*
272
1.1*55
379
6
255
733
175
2,188
1.192
8.B2U
2.729
2,091*
1,206
l,2ltO
>*33
195
3.300
628
622
>*.739
375
100
2.U69
122
556
lU
1.966
1.12U
1.336
230
3.302
1.351*
536
l.W
>*57
1.718
1.077
971
380
2.689
326
1.119
255
1.906
198
562
175
1.166
1,681
1.698
1.061
1.706
U
210
lU
2.U,g
290
10.8110
2,lh0
U
117
2.696
11.0U8
1.536
3.016
12U
15
1
*
1*30
1.1*57
Purchase a from banks
Not.
Not.
6 Spot . .
6 Forward
107
151
26
3"3
30
12U
Ui9
18
89
Not. 13 Spot...
Hot. 13 Forward
12.23U
Not. 20 Spot.
Hot. 20 Forward
12,1*1(1*
3.95**
3.865
2.351
Not. 27 Spot.
Hot. 27 Forward
11,838
2,808
5.133
1.189
5.*>32
*13
121
12
5.579
535
U.716
It, 510
1
95
3
2llt
1.68J
192
lU
2,1110
185
131
2
83
2.09g
105
9.397
5«8
1.029
63
201
5
3U6
7.150
"*.53>*
'U2S
77
7.Jt23
2.'»87
1,1*66
»73
99
91U
71
8
7.989
1,211
398
89
85
1*30
3.072
393
91
2.960
1.271
122
1.553
1.077
1,262
230
9U3
360
2,1*96
Ul
195
l.!*37
Purchases from
customers other
than banks:
6 Spot.
6 Forward
3.55 u
961
i.l:
$
111
65
117
13
H*7
72
2.010
525
316
336
171
507
1*1
Not. 13 Spot.
Hot. 13 Forward.
3.616
1.275
1.310
205
89
1U
200
5
23
18
1.15 1*
812
2.706
171
102
1*3
319
8
228
235
3U2
«3
531
5.259
188
235
268
83
1*0
Hot. 20 Spot...
Hot. 20 Forward
I.67U
205
3.U17
209
Hot. 27 Spot.
Fov. 27 Forward
I4.U26
2.707
292
9
23
12
265
9
Ul
12
3.059
325
830
83
165
28
20
193
20
285
tes
15.765
2.077
6.977
1.093
165
161
2I45
"55
3.098
166
300
10
1.31*0
31*0
1.071
2.U11
288
1*90
1
1*91
Not. 13 Spot...
Not. 13 Forward
15,001
5.981
5.923
3.777
86
11.301*
1.093
s.Uio
3.788
1.1*62
6 Forward
2.639
1.397
Uoi
1.799
696
1.3**5
3.1W*
69
765
Not. 20 Spot...
Not. 20 Forward
17.670
6.592
2.213
187
80
2.373
13*
1.516
107
16.333
2,023
7.858
1.219
170
526
lU
U69
101
2.137
897
Not. 27 Spot...
Not. 27 Forward
10,6sU
2.293
11.271
1.236
3.653
3.W5
1.1*66
1.392
lU
2.858
6 Spot...
6 Forward
5.722
1.805
1.626
883
su
3.932
883
766
Not. 13 Spot...
Not. 13 Forward
5.093
2.329
1.885
36
11
170
5
728
111
2.971
1.036
1,168
157
Not. 20 Spot...
Not. 20 Forward
7.922
1.36U
179
330
17
2,023
189
It.
7.099
2.136
h,78U
U9U
1.183
63
860
109
253
Hot. 27 Spot..
Not. 27 Forward
2.093
303
2,866
U79
6 Spot...
6 Forward
io,oU3
272
5.351
210
125
7.372
696
Hot. 13 Spot...
Not. 13 Forward.
9,908
1».038
52
3.652
9.7U8
2.081
9,23h
3.351
1,910
U.992
787
7W
Nov.
Hot.
321
3
1
105
*
1.003
23
7t
1*1H
TOTAL SALES:
Hot.
Not.
6 Spot...
106
11
1*05
282
666
53
95
72U
2
103
ia
312
1.585
2.522
19U
299
2,181
15
lUo
I.667
65
1*83
1.59 *
12U
1
31
l.UUs
1*07
U3U
1.001*
lUl
1.1*62
Sales to basket
Not.
Not.
1*26
82
30
1.361
15
57
1.1*31
101
56
5
291*
U3U
199
I4.3U
£3
231
66U
693
265
289
102
1.351
992
26U
6
1.062
890
88
91
777
l.Wtl
519
1.296
71
1
l,l*i*2
21*1*
865
56
777
1,61*2
5
1
57
1.603
229
21*1*
1.366
l.lll*
2,1*80
3
69
72
5.813
1.990
6.U87
1,190
273
1.075
8
7
2.302
12
1.562
20
70
15
381
10
689
7U2
1.227
5
873
13
170
71
73U
<*37
372
1*83
871
303
31
693
Sales to customers
other than banks:
Not.
Not.
Hot. 20 Spot...
Not. 20 Forward
Hot. 27 Spot.
Not, 27 Forward
M99
77
12U
1U3
ao
70
235
ks
857
83
5."»39
3.351
169
80
103
336
69
88
352
2
78
U99
73
820
110
83
7
89
lU2
ks
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers
in the United States during November 1940
OTHER
MONETARY
-*9
STATISTICS
50
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities
End of calendar
year or Month
Oold
Assets
193 u
1935
193«
1937
1938
1939
1.008.6
487.4
349.0
333.0
318.7
191.3
185.9
237.5
272.9
282.4
194.8
192.8
99M
18.268.3
18,6(3.8
19.005.9
19. 354-6
19.651.6
19.825-4
1,800.0
1.800.0
1.800.0
1.800.0
1,800.0
1.800.0
1,800.0
1,800.0
1,800.0
1,800.0
1.800.0
1.800.0
115.7
19.977-6
156.O
1,800.0
182.1
931-0
177-5
»32.«
769.9
208.9
963.I
U61.S
912.7
2W1.U
Source:
Oold in
General Tund
156.0
156.O
156.O
156.0
156.O
156.O
156.O
156.O
156.0
156.0
156.0
156.O
1940-JanuarT. .
February.
March
April
"my
June
July
August....
September.
5.274.0
7.679.5
8.959-6
9.aa.3
11,872.8
15.278.6
19-825-*
15.630.6
15. 881.
16.11)3.8
16,1*95.2
17.061.6
17. 8a.
505.5
,800.
.
y
1,800.0
1,800.0
1.800.0
1,800.0
1.600.0
1,800.0
1,800.0
19110
1941-January.
Stabilisation
Fund
notes, etc. 2/
156.O
156.O
I56.O
156.O
156.O
156.O
156.0
238.6
128.9
257.6
760.0
511.2
643.4
994.5
October...
Soveaber.
December.
Oold Reserve
against V. 3.
Geld Certificates 1/
3>*1.9
1,591.6
682.1
>I08.9
33.2
3»>>>.>>
33.2
1/
Bail/ Treasury Statements.
Compriees (1) geld certificates held by the public and in federal Reserve Banks; and (2) geld certificate credits In the Sold
Certificate Fund
Board of OoTernors, federal Baserre System, and in the Redemption Tund
Federal Reserve notes.
Reset-re against United States notes and Treasury notes of 1890.
beludes gold in active portion of Stabilization fund.
—
2/
y
—
Net Movement of Gold to and from the United States
(In millions ef dollars at $35 per fine ounce)
Ret Import from or net export (-) tot
Calendar year
or month
193 *
1935
1936
1937
1938
1939
1940
1940-Jaauary...
February.
March
1
April
K«ar
June
July
August....
September.
October.
BoTomber.
December.
.
1 9U1 -January..
United
Kingdom
1*99.9
m!i
891.5
.208.7
,826.*
•33.0
23.9
France
le then-
svu-
lands
terlaad
260.2
934.2
573-7
-13.7
81.1
3.8
2*1.6
35.3
43.6
62.0
128.0
1.0
5
_z-
87.0
90.2
1.2
13.9
28.9
32.6
11-5
J0.4
16.2
a.3
•3
1:1
3.7
241.6
86.8
95-2
72.6
111.5
76.3
613.0
12.1)
9»-3
227.2
71.0
6.5
163.0
ttl-6
63.3
Mexico
Canada
30.3
13.7
40.0
3f.5
36.5
33-6
29.7
2.6
2.0
2.2
2.4
.622.1)
UM
249.9
55.0
281.?
716.7
2.1
301.7
10.8
3-7
1.7
.9
.1
.
Japan
2-3
4.2
8.9
246.5
168.7
165.1
111.7
37.7
4.9
5.8
4.7
4.7
3.4
172.3
264.3
1.9
10.3
a7.6
•5
222.7
262.7
80.4
5
•5
•3
13.2
11.8
12.2
13-3
46.9
1.1
6.1
•
Ret impart from or net expert (-) toi
Calendar year
or month
193*
1935
1936
1937
193«
1939
1940
1940-January.
76.8
75-3
77.9
50.8
16.2
W.I
V
.
February.
March
April
"*7
June
July
August....
6.7
11.8
5
December.
1941 -January.
Source:
1/
2/
.
.
S.
58
£3
103.8
6.2
4.2
7.4
3-*
1:1
2.2
7.4
14.6
14.8
14.4
15.0
4.5
U.l
.5
.1
Department of Commerce.
Includes Hong Kong.
From South Africa $149.7 millions.
U.
1.0
3-5
1.0
September.
Ootober. .
oTmmbar.
Philippine
Islands
British
India
12.0
15-3
a.j
25.*
27.?
35.6
38-7
3-»
ml!
3.9
2.1
3-7
3.8
2.7
3-3
3-J
3-2
China
Chile
1/
16.9
10.9
11.9
18.
10.6
23-2
23.9
n
n
1.1)
•3
1.6
11.7
8.4
28.1
10.7
5.3
10.3
1.3
.4
5.5
1.0
3-1
1.7
4.0
1.5
10.1
.7
.7
2.1
2.1
2.1
2.1
1.2
1.2
•3
:l
3
.8
•9
1.5
1.1
2.8
1.1
.4
1.0
1.1
3.2
•5
1.2
2.3
16.5
9.6
U.l
.5
l
.5
1.2
26.4
Belglum
All
other
9.1
30.7
19.8
104.U
108.1
688.0
61.U
79.2
107.8
92.9
J3-3
45.9
26.2
15.1
73-0
69-5
31.5
12.2
155.027
3-i
90.9
15.5
165.2
1.0
1.0
Total net
imports
or net
exporta (-)
1,132.0
1.739.0
1,116.6
1.585.5
1.973.6
3.574.2
C.74U.6
236.4
201.4
459.8
249.9
435.1
1. 163.0
520.0
351.6
33».l
326.0
330.1
137.2
234.2
51
52
Monetary Stocks of Gold and Silver
(In Billions of dollars)
End of fiscal
year or month
193 *
1935
1936
1937
1938
1939
19U0
1
Oold
($35 per
fine ounce)
10.3
13.8
17.5
12.318.3
I2.963.O
16.110.1
19.963.1
17.6U3.6
2.5112.1
3,066.11
17.2
3.790.2
17.7
17.931.0
.817.6
.850.7
.873-1
17.l»
10,608.11
19U0-January. .
T.bruary..
March
iprll
18. 177.0
18.1133.1
•tar
June
July
October. .
Horember.
December.
1 9Ul- January.
.
Source:
P
.901.6
19.208.9
19.963.1
.92li.6
Dally Treasury Statement and Circulation Statement of United States Money.
Preliminary.
Components of Silver Monetary Stock
(In millions of dollars)
.939.6
19.1
18.
16.5
17.6
17.5
17.2
17.0
16.5
21.2UU.i1
It.
a. 505.5
a. 800.
a.99'1.8
U.022.9
U.038.9
u, 060.0
16.2
16.0
15.9
15.8
15.6
15.6
22.115.7 p
U.O7U.8 p
15.6 p
20,912.8
.
3.605.2
3.939.6
18. 769.
20.1162.5
August. ..
September.
Ratio of SllTer
to gold and silver
In monetary stocks
898.2
1.U63.1
2.2U9.5
7.856.2
9.115.6
1939- Dec ember.
SllTer
($1.29* per
fine ounce)
3.963.7
3.982.6
002.
53
Seigniorage on Silver
(Cuaulatlre from. January 1, 193U - Is mllllom of dollars)
Sourooa of seigniorage on allror bullion reralued 1/
Seigniorage
End of calendar
year or month
on ell-yer
and minor
oolne
19>K>
t.5
18.;
U6.1
63.7
69.5
91.7
122.2
19I11- January.
125-3
193"*
1935
1936
1937
1938
1939
Mltc. allrar
(lnol. ollTar
Nationalised
allTar
SllTar PurNewly-mined
Newly-mined
ohaae Act
silver (Proo.
allTar
(lot
bullion hold
of Juna 19.
Deo. 21, 1933) July 6. 1939)
June lU, 193U)
193U
Ud.7
.1*
1*8.7
1*8.7
16.6
36.O
58.0
7U.9
87.3
87.6
U8.7
87.6
1*8.7
1*8.7
1*8.7
U8.7
Total
•elgnlorage
(Proo. ef
on allrar
Aug. 9. 193"t)
raraluad
Potential
eelgniorage on
allrar bullion
at ooat In
Oeaeral Pund
2/
3M
128.7
326.2
422.1
508.1
6l6.0
705.6
759- U
950.6
1.055.8
3"*-7
763. t
1,062.9
28.5
3U.5
k.2
25.7
51.1
226.2
302.7
366.7
&57-7
530.7
562.7
27-7
56U.7
3>*.7
3U.7
3^.7
3U.7
132.6
27U.9
%d
75*.
Sally Traasury Statements.
These Items represent the difference between the cost value and the Monetary value of silver bullion revalued and held to secure
silver certificates.
The figures in this column are not cumulative; as the amount of bullion held Increases, the potential seigniorage thereon increases.
Basis:
1/
2/
Silver Production, by Leading Countries
(In thousands of fine ounces)
American oountries
Calendar year
or no nth
Total
for
world
169.159
190.398
220.704
253.696
27U.538
267.933
1933
193*
1935
1936
1937
1938
1939
267,.3*3
All other countries
Europe
Ooeanla
Japan
37
11.553
11.257
6.680
7.863
51,538
56,858
61,725
6U.823
66,801
it.769
1U.891
17,199
19.70U
21.053
22.631
22.190
12,l*3U
gs
9.706
11.670
12.U51
13,115
1U.015
1.900
1.350
875
United
States
Canada
Total
1/
2/
22,8a
16,395
17.565
W7
32.
U5. 613
63.351
71.299
6l, 689
63.872
10,819
10,091
12.788
16.539
15.708
16.153
2l*,538
8U.681
81,019
75.869
6.761
10,381
17.U33
19.901
16, 99 *
20.U2U
18,802
17.7"»3
19.
5W
2U.131
23.826
6e,ioi
7lt.lU5
75.58?
77.
W*
1
17.W1
Ufc.261
>*5.730
1939-Qeoeaber.
22.U9U
5.716
1.920
6,210
1.350
1.700
5.598
19U0-January...
Pebruary.
March
23.1*52
U.852
5.611
1.653
1.690
1.786
8.128
6.785
5.723
1.550
1.250
2.000
1.725
1.650
5.5W*
5.102
5.60U
April
Kay
June
2"».785
6.120
1.500
1,700
1.6U9
1.50b
5.606
5.8110
1.770
1.997
3.096
8.11(0
22.269
23. "23
1,1*00
1.1*37
5.606
July
August
September.
23.091
22.836
23.>*27
5.0U9
2.0U2
1.791
1.795
6.861
8.120
7.990
1,500
1.500
1.600
l.5i*9
it!ui9
5.609
5,605
5.605
7.090
l,6O0
1,600
1,600
October.
loTanber.
December-
22.088
22.501
.
Source:
1/
2/
y!
tf
^/
i
5/
5.7*
5.373
5.609
6.367
3
6.1*99
5/
5.619
6,511
7.101*
3/
1.6&
1.1(01
1.388
5/
t
5
13.19 1*
I&.903
Brltlah
India U/
Other
Aala
6,830
I.103
1,179
1,219
1.733
1.913
2.U06
2.938
U.076
U.722
5.130
I*. 580
5.200
5.681
5.36U
U80
1*50
5i*3
6,080
5.818
5.85O
5.977
6,205
5.9"*7
'Si
2
5/
Annual Beports of the Director of the Mint for annual figures through 1938; releases of American Bureau of Metal Statistics for all
later figures.
Includes Hewf oundland
Monthly breakdown not available after December 1939*
figures for 1939 a* TO been carried forward on an estimated basis.
Includes Chosen and Taiwan,
Monthly flgurea and 1939 total are for "Bursa, refined silver", only.
Hot yet reported.
5*
Net Movement of Silver to and from the United States
(In thousands of dollars)
Set Imports from or net exports (-) to:
Calendar year
or month
Other
Europe
Onlted
Kingdom
190
2.»57
856
36.521
2&5.133
53.393
3&.120
13U.26U
12,381
193 1*
1935
1936
1937
1938
1939
19U0
19UC-Januexy. .
February.
March
April
Hay
Jane
July
August...
September.
15
J
3>t3
-1.16s
1U
-105
-iji
-U75
-teu
3
209
U38
12.1U7
5.U16
6.798
10.915
7.078
6.U87
21.995
58.325
29.925
-3.780
-5.611
-8.951
.203
-7.>t51
2P
6U7
2.539
2.322
2.556
U
2."*53
3
l
l
13
35
g1.715
1
2
-79
-23U
.
a
1.550
2.920
1.0U8
968
696
851
1.313
3.906
10.199
7.U08
6,786
7.381
6.513
6,260
-5
11
202
1U9
23U
189
IW
Uoo
U67
612
627
u
2.29U
1.713
1.639
1.103
1.803
268
U38
2.7U2
2.257
2.390
686
2.137
k
.
-U.3U2
-U.787
31.597
25.811
309
63U
U52
816
808
699
372
-19
69
October.
November.
December.
19Ul-January.
;
Peru
Chile
Cuba
Canada
1<38
61
505
395
652
72
102
252
1*
15
20
British
India
China
21.967
227
69.996
5.61U
-338
193 *
1935
1936
1937
1938
1939
19U0
1
Hong
long
188
3.02"*
61
U.23I*
7.725
396
10,308
U8
April.
May...
June.
l.»99
-156
-71
Ootober.
November.
December.
19Ul- January.
396
-35
.
50U
10,808 2/
1.960
1.15U
1"»7
1>»5
lUl
"»69
99
Total net
Imports or
exports (-)
86.17U
335.730
170.851
79.835
223. UU9
70.677
5U.76O
U33
617
672
.202
92
221
158
170
173
56
59
52
5.3>*7
82
187
139
22
52
3.773
5,067
U.576
U.&11
3.789
5.363
3.927
U.517
55
118
125
75
1U9
lis
872
1.279
6UU
I?
76
67
1U9
U.770
U.653
U.567
593
107
66
U.256
311
.
us
50U
721
730
•37
1,410
861
-ui
-TUl
July
August ....
September.
3U
lie
31*2
858
178
,318
112
129
225
All
other
134
3.22U
1,261
170
1.U19
-leu
19UO-January.
February.
March
2/
303
8U3
2.1UU
1.271
2.930
3.U6J
3
Source:
1/
Japan
2.873
6,787
150
Other
Asia
381
228
738
611
458
715
Het Imports from or net exports (-) to:
Calendar year
or month
Other Latin
America
87
Department of Commerce.
Includes net import of $12,950,000 from Trance.
Includes net Import of $9,791,000 from Slam.
U. S.
Value of Selected Currencies in Terms of Gold
(1928 average of dally quotations - 100)
United
States
Month 1/
1/
2/
3/
4/
Average
Average
Average
Average
of
of
of
of
for
for
for
for
Japan
Italy
us
3"
78
US
U6
3*
32
78
78
59
59
59
"3
30
7»
uo
28
uu
3oy
78 J/
59
59
59
Ub
us
U9
69
70
70
28
28
28
57
57
57
59
59
59
t9
U9
U9
71
71
71
28
28
28
57
57
57
59
U9
71
28
57
59
59
59
quotations
quotations
quotations
quotations
Belgium
78
59
59
59
dally
dally
dally
dally
Svltterland
3"*
59
59
59
59
9
67
67
60
60
60
61
s
100
100
100
100
100
Netherlands
g
su
19U0-January...
February.
March
April
May
June
July
August....
September.
October. ..
November.
December.
19Ul-January. .
France
100
100
100
100
100
80
82
80
100
100
1931-December.
1932-December.
1933-Dec ember.
193U-December.
1935- December.
1936-December.
1937-December.
1938- December.
1939-December.
19M0- December.
United
Kingdom
70
l»9
the month.
January 1928 3 100.
May 1 - 10. No quotations available thereafter.
June 1 - 16. No quotations available thereafter.
101
100
100
100
100
70
71
69
69
71
69
69
69
69
6s
69
100
100
100
100
72
72
72
72
70
3t
87
U2
39
China 2/
97
97
53
3"
32
28
28
100
96
91
59
59
59
57
57
U7
*5
39
39
39
72
72
72
28
28
28
57
57
57
10
9
72
28
28
28
57
57
57
8
8
7137
^
3"t
!*
3
21
10
7
8
7
8
M
ISCELLANEOUS
-55-
56
Vessels Cleared from the United States, Direct for Foreign Porta,
Classified by Nationality
r,ml<
Dunbar of
Calendar year
Orand total
Cleared to Canadian Or eat Lakes
porta
Cleared to coastal and oTereeao
port 8
American Teeeela
,
(
19U0
1939
Sept
Deo
Jan.
?eo
Mar.
Apr.
Kay
June
July
Aug.
33."»25
2.103
1.911
1.869
2.037
2.135
3.055
3.UU0
U.0S5
U, 206
3.163 3.079r
7.963
8,851
192
27
25
308
998
1,230
1.596
1.705
1.038
26.229
24.574
1.911
1.890
1,8)12
2,012
1.827
2.057
2,210
2.1)89
2.501
7.822
7,582
1*92
530
512
559
544
756
752
856
SUl
1939
19to
3M92
2.570
1.875
7U8
158
2.125 2.082T
1.622
1.717
607r
U92
4s6
1.330
1.231
6U7
1.U7S 1.U75
18,1107
16.992
1.419
I.360
1.330
1.M53
1.283
1.301
1.U58
I.633
1.660
102
119
6
6
17
16
12
13
10
9
6
9.95*
9.482
9
666
662
632
711
667
669
SU5
1.022
I.061
902
naniah
60U
150
Botch
Finnish
653
537
85
285
179
Foreign reoeele
Belgian
British
Trench
German
,
136
997
15
889r
U
3
758
66U
1
52
66
Us
U8
MO
8
1
3
1
59
1*
51
UU
Ul
no
50
Uo
lit
14
11
"5
10
30
15
20
57
12
12
111
19
13
18
25
36
18
20
19
19
20
19
21
2
1
2
8
1
5
Oreak
33 *
247
28
3»
23
21
19
19
27
33
U2
27
25
25
699
323
860
27
Eouduran
60
5*
56
69
7"»
87
80
78
75
69
80
72
66
Italian
278
161
25
31
27
28
1
762
76
17
53
58
37
66
12
793
149
2.74U
23
7U
83
63
62
57
66
76
55
13
247
U7
9
4
it
8
10
9
262
192
9
176
7
238
10
188
7
225
9
ISO
138
67
137
155
79
Japanese
Slcaraguan
1
Panamanian
580
95
2,225
7U6
1*1
61
57
52
175
61
67
56
Swadleh
U67
36U
38
26
Ul
32
19
24
55
20
9
159
71
31
33
39
3»
79
2U
Other flags
>»33
853
62
67
55
70
58
66
76
75
85
69
72r
82
Ho rveglax-
37
78
57
Vessels Cleared from the United States, Direct for Foreign Ports,
Classified by Port from which Cleared
5*
Commodities Imported Under Quota Provisions
Commodity and country
Cattle weighing under 200 pounds each.
Unit of
quantity
Quota period
Calendar year
100,000
Cattla weighing 700 pounds or nore each,
other than dairy cove:
Canada
Quarter year from Jan. 1,
19**1
Bead
Other countries.
Quarter year from Jan. 1, 19U1
Bead
Whole ailk, fresh or soar.
Calendar year
Gallon
Cream, fresh or soar
Calendar year
Gallon
fish, fresh or fro ten, filiated, ate, cod,
haddock, hake, pollock, cuak and roaaflah.
Calendar year
Pound
Vhita or Irish potatoaa:
Certified seed
12 months from Sept. 15, 19UO
Found
Other
12 months from Sept. 15, 19UO
Pound
Silver or black foxes, furs, and articles
foxes valued under $250 each and
vhole furs and skins:
Canada
Month of January. 19U1
Other than Canada
Month of January.
19*11
Number
puaber
12 months from Dec. 1, 19U0
Piece
Pave, heade or other eeparated parte..
12 months from Dec. 1, 19U0
Pound
Place plates
12 months from
Articles, other than place plates
12 months from Dec. 1. 19*40
Tails
Dec
1,
19UO
Pound
Unit
Cuban filler tobaeoo, unstemmed or etea
(other than cigarette leaf tobacco),
and scrap tobacco
Calendar year
Pound
(unstemmed
equivalent)
Bed cedar shingles
Calendar year
Square
Molasses and sugar sirups, containing
soluble nonsugar solids equal to more
than 6j6 of total eoluble Bolide
Calendar year
Crude petroleum, topped crude petroleum
and fuel oil:
Tenexuela
Calendar year
Gallon
Betherlands and Netherlands Indies.
Calendar year
Gallon
Colombia
Calendar year
Gallon
Other countries
Calendar year
Gallon
Coconut oil
Calendar year
Pound
Refined sugars
Calendar year
Pound
Sugars other than refined.
Calendar year
Products of Philippine Islands:
Cordage
12 monthe from May
Established
quota
1
Pound
,
19U0
Pound
But tone of pearl or shell.
Calendar year
Gross
Cigars
Calendar year
Number
Scrap tobacco and stemmed and
unstemmed filler tobacco...-
Calendar year
Pound
Quantity imported
under quotas
through fob. 1, l°M
59
Treasury Department Criminal Cases In the United States District Courts^
f
Treas.
HJ
U.S. Treasury Dept,
10
Treasury Bulletin
•
A2
1941
c.2
US TREASURY
1
'.'''''•:•
LIBRARY
0031898
@FedFRASER