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 LU D U Ld CO hDl Ld 3 X <s CO LU I X < I a _1 o LU I LU on Q_ L_ o o hZ) CD LY hco Q Q LU 5 CO LU -t ™ o I 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 o*» LU to 3 C > LU <* < c_ o -x— °i 01 LU I- o o 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 < <"S oO| ^I §o Si > < O </> , uj O Cfc uj <. o u o O" <r uj > 8 li- 3< uj c § .2 > 26 o « 3 ° si * o > T>so2? • < o E 6 § ? * 5 ! 5 » ? ',»< 21 i> 2 «• • S . £-5 S o f »£ „ 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