Full text of Treasury Bulletin : January 1939

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^inoVI

5030

R3F3REMCE
To be U33d
iu Treasury-

Library

BULLETIN
OF THE

TREASURY DEPARTMENT
JANUARY

1939

Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics

TREASURY DEPARTMENT
OFFICE OF THE SECRETARY

OiVN^
NS\i^^

^9^^

BULLETIN
OF THE

TREASURY DEPARTMENT
JANUARY

1939

Analysis of Receipts and Disbursements
Coini>ositlon of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics

TREASURY DEPARTMENT
OFnCE OF THE SECRETARY

Table of Contents

Page

Introduction

1

Receipts and Expenditure
First Six Months of Fiscal Years 1934-39
Calendar Years, 1935-38
Fiscal Years, 1932-38
Social Security Acts
Railroad Retirement Act
Cash Income and Outgo

3
3

4-5
5-6
6

7-3

Q-eneral Fund and Public Debt
Composition of General Fund, 1933-38
Public Debt, June 50 and December 31, 1958
Holdings of Goverment Obligations, 1936-38
Composition of Public Debt
Major Financing Operations, 1955-38
Computed Interest, Comparative Yields
Holdings by U, S. Trust Accounts, etc

U.
U.

S.
S.

Contingent Liabilities
Corporations Credit Agencies.
Proprietary Interest

—

10
10
11
12

13-14
15
16

—

18
18

Capital Movements
Sximmary Table

--

20

Short-term Foreign Assets and Liabilities
Security Transactions, etc
Foreign Exchange Transactions

21-22
23-24
25-26

Other Monetary Data
Silver Stocks
Silver Production, Movements
Foreign Exchange Data

29-50
30-31

Gold,

Miscellaneous
Commodities Imported under Quotas
Law Enforcement Statistics

55

35
36

BULLETIN

OF

THE

TREASURY

DEPARTMENT

INTRODUCTION
This Bulletin contains statistics of the United States Government
transactions and other Information gathered by the Treasury Department.
It Is the intention to Issue similar Bulletins monthly and to Incorporate
In them Information additional to that which Is Included In this first
Issue.

The purpose of the Bulletin Is to extend knowledge of the public
finances, monetary developments and activities of the Treasury Department
by making Information available in a more compact and usable form. The
material herein contained supplements or recapitulates data contained in
the Dally Treasury Statement and other publications euid press releases of
the Treasury Department.
Only a limited number of copies Is being prepared, for the present
distribution will be restricted in the main to periodical publications desiring to make use of the material and to public officers. Other requests
may be filled only to the extent of the limited supply.
shall be glad to receive and to give careful consideration to
suggestions for improving the Bulletin so as to make It serve its purpose
more adequately.
I

Henry Morgenthau, Jr.
Secretary of the Treasury.

-1-

RECEIPTS

AND

-2-

EXPENDITURES

Summary Tables
(

In milllonB of dollari)

B£C£IPTS AMI EXP2HDITUBS

Sunmary of Federal Recel|>t8 and Expenditures

Federal Expenditures - Recovery and Relief, Revolving Funds (net),
and Transfers to Trust Accounts, etc.
(Zn Bllllont of dellara - oa batla of daily Troasnry statoaant. unroriaad)

Old-Age Reserve Account by Fiscal Years to June 30, 1938 and
by Months for Fiscal Year 1939
(In olllloss of dollars)

Twr

Cash Income and Outgo of the Treasury Fiscal Year 1939
(This atateaent IncLudet tratt accounts and money recelrod (except proceeds froa eale of obligations) and disbursed
for aocoxmt of OoTenuiental corporations which use the Treasury as a depository for their fands. The excess of
cash outgo, therefore, is not the saae as the "hud^t deficit". Hor is the difference between the "Cash Incomei
Budget" and the "Cash Outgo: Budget" the sane as the budget deficit for the reason that it does not include certain
no&-caah Itens such as the annva'' praaiua paid Into the Old-Age Resarre account pursuant to the Social Seeority Act.)

(In mill Ions of dollars)

CASE uooia
Bodceti

1

CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1934 to Date
193-4

1935

I'"

1938

|<»37

1936

1.000

1.000

800

800

600

600

400

400

200

200

I

I

'

'

I

'

I

'

I

'

I

1

1.200

1.200

Cash Incoma
1.000

1.000

SOO

800

600

600

400

400

200

200

JMMJSNJMMJSNJAAMJSN JMMJSN
1434

*
*

1935

1937

1936

£KCtud9» a^bt r^tifmmtnt and toottmaping trontfmra
Includmt Tru9t Aceount9.

to Trut*

-8-

Aec0vnt9. /nc/v<fmt

j

^

Jj^

j

193^

i

^

j

''
^ ^

JSlT"

,9,9

honvt bO0<^ ea«A«tf ontf eA«cA« pmi&.

I

GENERAL

FUND

AND

9-

PUBLIC

DEBT

10

Composition of Treasury General Fund
(In

Snd of month

mllUone

of dollarg)

11

Holdings of Direct and Guaranteed Interest-Bearing Obligations
of the United States Government
(

Dkta

In Bllllos* of dall&rs)

12

Composition of the Public Debt
(la mllllonB of dollars - on baela of dally Treasury etatementt unrerlsed)

OroBs debt

Interest-bearing debt
iDd of Bonth
Bill a and
Special
ctf«. of
indent. 1/ issues

Totol
Total

1930- June.
1931- Jvme.
1932-Jnne.
1933-June.

16,185
16,801

1/

Matured
debt

bearing
debt

ftind

32.989
35.800
36.576

37.279

36.708

21.982

10.5't7

1.952

2.227

37. '•53

36,887
37.080
37.000

22,07U
22,116

IO.5U7
10.531
10.076

1.952
1.952
1,802

2.311*
2.1*81

2.518

91
98

37.510
37.U22
37,165

36.96't

22,fa3U

2.501
2.582
2,676

101
lUi

1*50

9.11*7

.753
.553
.ISU

U5U

22,660
23.599

10.076
10.076

92

36.871
36.576

36.6U2
37.051
37,850

23.631
23,658

9.1U7

,051*

2,810

9.11*7

,301*

2,91*2

2U,5lt9

9.067

1.302

2,932

106
102
106

1*1*3

tag..
Sept.

37,191
37.593
38.393

'37

2,116
2.260
2.978

Oct.
Hot.
Dec.

38.U23
38,603
39.U27

37.897
38,068
38.899

2U,579
2U.6O8

9.067
9.067

2,91*9

2.569

35.85'*

U30

2.1*1*7

36.156

8,1*97

93
105
101

'•33

25.9I1O

1.302
1.303
1.306

1*27

3.081*

36.31*3

1935-June.
1936- Jnne.
1937- Jane.
1938- June.

22.539
27,053
28,701
33.779
36.U25
37.165

1937-Dec.
1938. Jan.
Teb.
Mar.

37.633
37.556

Apr..,
May...

193i|-June.

June.
Juljr.,

1/

Notes

Gross debt
less
bal ance
in general
fond

12,112
13.530
1U,250
lit, 223
16.510
1U,936
18,628
21.322
23.599

19,1(87

15.922
16.519
19,161
22.158
26,U81

Bonds
1/

Balance
Hodin
Interest general

27.61*5

22,60l»

1.626
I152

1.261
U.5U9
6.653
10.023
11.381
10.617
9.1U7

32
52
60
66
5t
231
169
119
lUl

231
230
266
315
5I8
825
621

I.15I*

76U
291
309
323
396
633
626
1.558
2,676

99

1*72

2.973

3U.306

99

U67

3'*.

1*62

2.950
2.975

U58

3.11*0

2.689
2.567
2.216

3"*.

35.075
35.333

1,1*20
2.21*6
3.31*1

3.063
2.922
2.053
2.35^*

2.303

3,090
3.156

1*1*8

1*1*0

Szdudlng special tssaee.

Net Market Purchases or Sales of Government Securities
for Treasury Investment Accounts, January 1936 to Date
(In Billione of dollars)

Tear

319
1*72

Ul7
862
2.582
l.eUl
2.682
2.553
2.216

15.866
16.329
19.070
21,677
2l*,U7l

26.860
31,097
33.872
3U,9l*9

503
3U.658
3U.U16
821
855
3U.9U9
3'*.

35. '•15

13

Statement Showing Details of Major Financing Operations of the Treasury
for the Period July I, 1933 to December 31, 1938
(la mllllona of dollare)

Date
of
I

me

14

Statement Showing Details of Major Financing Operations of the Treasury
for the Period July 1, 1933 to December 31, 1938 - Continued.

15

Amount of Interest-Bearing Debt Outstanding,
the Computed Annual Interest Charge,
and the Computed Rate of Interest
iS THl END or EACH FISCAL TBAR FROM 1915 TO 1937 ON BASIS
OF UOHTHLT PUBLIC DKBT STAISMEM'S, AND FROM WD OF
THE FISCAL TEAR 1938 TO DATE OH BASIS OF
DAILI TREASDHT STATaffliri'S OTIBETISBD
,

End of
month

16

Government Securities, by Issues, and Other Securities Held as Investments (1) In Trust Funds
Which by Law are Under the Control of the Secretary of the Treasury or the Treasurer of the United States
and (2) In Accounts Under the Control of Certain Governmental Corporations and Agencies the Investments of Which
are Handled Through the Facilities of the Treasury Department, as of December 31, 1938
(

1&G9 aoounte)

CONTINGENT

LIABILITIES

17-

IB

Governmental Corporations and Credit Agencies
of the United States: Nov. 30, 1938
(In ailllona of dollar*)

CAPITAL

MOVEMENTS

-19

20

Net Capital Movement between the United States and Foreign Countries
1935 through October 1938
(Is tfaotuanda of dollan. Capital Inflow or capital outflo* (-))

Claaslflestlon and

21

Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for October 1938
(In thoua«ads of dollar*}

Swltfarland

Othar
Siropa

75.15>»

205.315
2ll),5l3

22.710

76.659
81.795
80.538

236,790
237,628
2U6,226
238,659

22,027

7l),009

21,01*7

188,061
185,586

16.860
17.22U
17.901
I7.7UI

75,858
80,896
79,6U9

205,112
21U.211
217.700
219.376

158,071
161,572
180,100
177,712

16,556
16,677
17.357
17.255

21.158
20.116
20.127
21.U82

69,51*5

l,UU7
1.506
1.692

211
220
188
209

706

750
875
773

Dnltcd
Kingdoa

OerBAi^

It>l7

Katharla&da

Total
iDropa

Latin
Aaarloa

Tar

Ul

Eaat

other

Orand
total

TOTAL SHORT-TIBU
rOREION LIABILITIES:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

318.1)09

169.210

17,279

322,152
366.371
367,U18

173.9l»l

17.501*

192.776

18.206
18,009

267,850
2n.'»15
310.195
312, U22

161»,78U
I69,3lt5

190. 3U9

22.317
21.267
21.1)33

U7U
1.063.66U

207,220
20U,56U
216,179
212,659

3i).236

33,Sl6
33.735

1.779.352
1.775.769
1,?67.163
1,870,070

33.796
35.011
33.357
33.261

1,712,267
1,709.038
1,795.339
1,798,265

1,625,823
1,620,918
1,680,860

765

211,688
209.517
206.873

1,137.279

226,51*!)

235.751

986.393

236.511*

1.005,611*

210,262
208,355

2U5.13U
237.337

1,081,078
l,07U,56b

208. Oil*

262,199
263,257

221*. 852

259.

1*78

200,365
197.859
209.633
206,108

199.737
207,896

225.261

91)6.365
963,101*

205,881*

267,291*

173.191

33.089

171.1*1)7

31*.

233.1*39
221*, 5 76

21)8,718

1,026,881

203,351
201,279
220. 83U

21*8,61*5

210,21*3
211,561*

3U1

183.727
179.219

32.U95
32,203

3.672

1*.583

10,175

29,312

1).277

61)0

5.603
6.928
7.2U7

10,1*76

29,911*

2l),l)9U

10,215
11,372

31,282
32,685

U.855
5.285

13,320
13,318

25.201

2,911*

ii),263

23.971

15.898

2l*,862

572
79U
988

217,958
219.596

1,01)1*,

1,11*1),

281.73'*

262.592
263.530
259.853

35.1)32

TOTAL LIABILITIIS
PATABLZ IN OOLLASS:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

21,191
22.U55

281

,

1*51

Dapoeita for
foral^ account:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

256.037
260,05l(

276,375
298.1178

72,091
77,000
75.8IU

22l*,698

1,011*.61*1

21*3,

371

1,702,1)78

Bllla hald for
foral^ account:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

8,518
8,ltlt5

8,308
8,527

l,61iO

527
527
527
527

3.280
3.280
3.2SO
3,280

2.768
2.389
2U,985
U.890

1.986
2.987
2,989

50,559
50.737
56.176
5^.996

22,6148

3.076
2.917

3.1*91

72,750
73,153
75.595
77.92I*

3bort-tam Unitad Stataa
GOTarnaent obllgatlona
held for foreign
account:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

3,821
3,821
3,821
3.821

3.836
3.821
3,836
3.836

Other llabllitlaa
payable in dollara:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

6.895
8.775

101
11*9

822
236

1.1*70

31.331*

1.1*50

261

1.379

11,179

527

221*

1.973
1,918
1.935
2,027

203
302
258
220

1.039
l.llU
1.092
1,322

58,081
58,050
63,687
62.713

1,1*26

283
393
273
375

6.855
6.705
6.5D6
6.551

1)1)0

55
1U9
89
60

609
698
653

2U,585

1,11)8
81*7

219
325

29,676
28,551

559
1.351

6,223
b,087
5.929
5.951

11)8

25,1*78

28,788
28,063
28,801
28,987

180
190
190
2U2

93
327
356
277

159
177
185
196

792
853
820
918

792
712
529
565

305
1.330

U,U26
U,596
'.715
U.763

1)19

280
305
268

290
220
2U2
255

.1U5
801

U28
32U
30U
2U2

268
272
297
260

182
1U2
119
131

2U,185
23.356
23,926
23.992

3.83U
U,090

11)0

3,726
3.557
U.16U

161I

9.858
11,11)6
35,01)8

1U.027

LIABILITIZS PATABLI
IS lOBSIOR CUBRINCIES:

I'OTAL

Oct.
Oct.
Oct.
Oct.

5

12
19
26

899
889

1,162
859
1.692

1)21

1*59

U7U

67,085
66,731
71.82U
7I.8O5

Borrowing* from
foreign banka:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

23,82U
28,086
26,905

395

69
128
113

81)0

21*9

310

115
18U
161

32.323
32.852
36,597
36.32lt

Acceptance a made
by foreign banka;
Oct.
5
Oct. 12
Oct. 19
Oct. 26

lt,213
'»,30«

552
SW)
580
600

29,006
28.291*

29,031
29,269

Other llabilltiea payabla
in foreign currendea:
Oct.
5
Oct. 12
Oct. 19
Oct. 2b

lt,099

182
198
213

198
188
191
176

136
lUl
151
139

395
385
1)01*
1*1*5

'*,708

98

U.509
5,210
5.175

125
110
99

bOO
580
580
563

286
303
272
310

5.756
5.585
fa. 196
6.212

22

Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for October 1938
(In thousands of dollars)

United
Kingdom

Classification
and date
TOTAL SHOBT-TEOl
rOBZIGN ASSSTS:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

Trance

Germany

Italy

Netherlands

Switzerland

Other
Surope

Total
Surope

117.560
109.820
110,738
99.979

15,126
9.579
12,676
13,87U

97.895
97.668
97.296
96.660

16.26)«

21*. 1*39

32U,56i

667

305.91*7

13,886
15.693

22,167
21.U88
20.501

U.881
U.256
U.080
3.923

1*8,396

790

1*7.1*35

307,599
298,051

73.959

873
773
953
1,083

U96
522
505
517

2,708
2,622
2.693
2,758

6,763
5,691
5,906
5,905

2.U75
1,760
1,618
1.712

7.692
6.883
7.036
6.686

91*, 966
88,798
87.509

51*6

5,056
5.009
U.201
U.O75

2.22U

201
180

11*.

Latin
Imerlca

9U,281
9U,008
93.065
95.752

far
last

mi

Grand

other

total

117,Ul6

12.307
13.198
13.853
13.726

6Ul,665
626,107
627.393
617,819

2.1*97
2.1)98

59.060
58.578

1,1)60

1,1)92

2.573
2.911

59.311*
6o.2l)0

1,516
1.557

178,322
170.856
159.733
166,699

1.227
1.202

3.398

I.23I)

1.338

3.633
3.899

293
262
238
262

90,U93
82.692
81.261
77,10U

159
165
152
150

1*9,232
1*9.215
1)9.213

92.719
91,788
91.386

117.797
121,166

92.871)

19,1)91

82,01)0

18,821
19.951

69.591
63,021
61,555
55.958

15,98U

1.W3

U.610
3.778
3.937
3.580

lU,603
15.6U7

126
181
179
176

1.62lt

9.051

1.630
1,621
1,612

9.551*

3
3 :t^

9.880
9.868

3.005
3.018

125
123
136
133

1,1*58

I6.32I*

1.111
1.131
1.187

1.152

26,11*0

16.223

5.88i
6,1*66

1,191*
1,221)

26,l6l)

1,1*91*

16.21U

1,310
1,371
1,213
1.286

6.2U

1,1*75
1,1*78

1,1)23

7,128

l,2Ul

27,292

2, 1*06
2.1*96
2,lt62

iio,7oi*

229.595

73,91*2
71*.

1)0,399
1)0,735

220,090
216,011

75.801

58,737
62,588
62,176
57,176

1*63. 31*3

217.1I19

90.222
89,290
88,813
89.963

10,81)7

1)0,781*

11,706
12.337
12.169

1)55.251
1*57.660
1)51.120

11.982
12,029
11,832
12,636

33.018

1.136
1.168

151.075

1*7.

It?, 1)21

121,1)90

TOTAL ASSETS PATABLI
IN rOBSISN CnSRZNCIIS
Oct.
5
Oct. 12
Oct. 19
Oct. 26

69.5>i7

68,798
63.379

Banks own deposits
abroad:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

56.7U1
51.859

323

U79
6U1
757

91
81

I

100
99

112

111*

2,1|«3

99

1.1*56

1.303

20.33'

l'*,7l*5

3,1)62

Deposits abroad
for account of
domestic clients I
Oct.
5
Oct. 12
Oct. 19
Oct. 26

U,90g
5,238
5,165

103
105

2,H53

U3
108

106

2,527

i^

12,827
12,780
12,529
12.531

215
195
199
218

13U

U3.601

li»,253

97.399

110,273

8,806
11.723
12.791

97.11*6

7.622

9,llA
9.509

2,1*59

61,689
62,361
62,306
62,303

1*9,1*19

Other assets payable
In foreign currencies:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

,

TOTAL ASSETS FATABLI
IN OOLLASS:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

1*1,9140

36.600

Loans to forel^ banks I
Oct. 5
Oct. 12
Oct. 19
Oct. 26

31.230

2.1*31

96.791
96.11*3

8.971*

23.9'«

9.172

88

1.506
1.502

131*

1.51*0

132

1.656

13.556
12,168
11.193
12.935

U.783
3.3H6
2,605
3.966

17.676
15.1*76

15.582
lU,596

ll*,i5U

2,211

U16

11.703

1)86

7.256
7.U92

11.1*85

551
U26

7.37>*
7.561*

1.373
1.339

10.303
10.007
9.593
9.361

10,276

16.071*

605
62,660
65.97U

518

71*,

30.33'*

61,71*7

30.306
30,596
31.715

35,1*1)2

35,250
31.332

25.803

11)1.605

l.lOl)

li)i*.756

1,120

138.550

1,1)03

115.91*9

Acceptances made
for foreign aocoonti
Oct.
5
Oct. 12
Oct. 19
Oct. 26

2
2, gilt
2
2.U50
,

2,608
2.750

3.260
2.762
2.753
2,71'*

62.71*7

62.709
62.889
62.260

7.001
7.0U7
6.803

7.U8

1,836
2,00l»

2,226
2,372

1.3a

1,686
1,769
1.871

617
671
590
550

1.235

89. 1*31*

88,318
88,193
87,810

7.269
7.686
7.609
7.2l»8

ll*,807

13,563
13.398
13.515

2,212

2.081

2,1*1)1

111), 622
113.722

2.1*15

2.201

113. 189

22,683
21), 303

8,308
8,326
8,7?2

196,31?

2U,8l*5
23,1*29

8,8>)8

2.81)3

Other assets payable
in dollars:
Oct.
5
Oct. 12
Oct. 19
Oot. 26

9.1*57

10,130
9.686
9.908

3.371
3. 613
3.631
3.676

25. 508
2U,928
2U,928
2l»,711

1,772
1.775
1.785
1.851

1.91*8

23,11*5

23,285

65,556
66,171

23,1*32

23,810

66

:^

36.339
36,526
36.039
36.838

63.U33
63,698
63.583
63. 812

199,021)

199,182
199.381

Security Transactions as Reported by Banks, Bankers, Brokers
and Dealers in the United States, for October 1938
(In thouBanAe of dollars)

Classification and
week ended

United
Kingdom

Oermany

Italy

Other
Europe

Nether- Switzlands erland

Total
Europe

latin
America

Canada

yar

Orand
total

All

^st

other

TOTAL PURCHASES
IN THE UIJITED STATES
FOR rOHEIGN ACCOUNTi
Oct.
5
Oct. 12
Oct. 19
Oct. 26

9,801
16,310
13,101

lt,liOO

15U
b9

5.96U
5.609

•t,515

91

6,9li€

8.U59
7.627
6,797

11.1187

U,118

97

U.969

9,106
15.287
12,523
11,029

3.732
3.669
U.371
3.951

116
50
7U

695

668

,023
578

20l»

3.873

314.51*

iU,306

370

655

1.7'lO

35.303

7,61*5

8,512
7.909

1,1*90

1.905
1.709
2.166

7.261t

1.973
2,630

33.1*96

1,501

1.51*5

itUt

5.370
5.281
6.559
U,589

7,U78
b.750
5.961
6.U2U

1,611
1.293
1,661
2.031

27,lAl
32.357
31,208

6.837
5.765

1,701
1,580
1.983

217
286

28.11»5

6,821

1,118
1,108
916
8O3

1,1*20

1*12

59U
328
387
380

981
877
836
8U0

U,102

aou
129
183
125

153
69
32
32

17.31*1

U,UlU
5.187
3.922

1,°02
2,297
2,201*

87
257
268

29.365
35.309

2,2l|l»

1.386

221*

33.359

511

1.8U6
2.269
2,190
1.370

5.713

30,616

3.530
1.371

^55

51*.

1*6,383
1*6,097
1*2,015

Purchases of
domestic eecurltiest
Oct.
5
Oct. 12
Oct. 19
Oct. 26
Purchases of
foreign securitlee:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

8U

lUU
167

7.31'*

llOl

37.311*

096
Ul,822
37,601
1*1.

7,103

7,1*69

2.1*12

Ult7

2.91*6

312
599

2,288

1,880
1,198
1,088

57U
698

90U
1.237
1.109
1,581

17.097
25.709
19.193
23.503

9.35«

7,1*80

921
1,206
l,lU2
766

703

lU.ltll

3.5'*3

1,11U
963

3.981

1,1(06

2U.O91
17.532
a.it07

6.699
5.096
U,oU3
5.596

1.059
890
65U

1.058
369
379
398

201

2,686
1,618
1.661
2.096

2.659

UlO

5.822

11*7

2.51*6

252
112

2.S93
U.120

290
519
692
888

1.91*6

2,1»71

263

5.287
1»,275

u.uiu

TOTAL SALES
IN THE UNITED STATES
EOB rOEEION ACCOUNT:
Oct.
5
Oct. 12
Oct. 19
Oct. 26
Sales of

10,1169

2.373
3.708
2,bl40
2,7ll6

181
,160
257
U8I

27
103
55
79

2.193
3.8U5

8,966
10,U9g

3.739

'•.379

5.932
9.6SU
8.133

2,220
3.576
2.575
2.669

130
1,101
206
369

26
100
55
32

2,0U1»

3.356
U,81g

153
132
65

51
59
51

77

112

7.005

5.81IO

«.599

27.1*06

domestic securities;
Oct.
5
Oct. 12
Oct. 19
Oct. 26
Sales of

3,698
2.057
3.530

76

23.51*3

21*8

32.763

258
212

2I1.913

29.239

foreign securities:
Oct.
Oct.
Oct.
Oct.

5

12
19
26

1.073
785
833
1.078

IU9
1>'7

187
209

123

iW
175

556

1,88U

TOTAL PURCHASES
EXECUTED ABROAD FOR
DOWESTIC ACCOUNT:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

a8
1A7
U85
8U3

117

1.229
2.51*1

1.871

k

2.356
1.791
3.23U
2.76U

Purchases of
domestic securities:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

105
209
lOU
379

llt9

1

230
219
395

33

150
263

92<*

1.11*3

26

U21

Purchases of
foreign securities:
Oct.
5
Oct. 12
Oct. 19
Oct. 2fa

113
238
381

2U

U6U

lUl
289
"73
U93

1.9''5

680
8U2

1.1*1*5

117

1.196
1.617
I.8I15

u

2,206
1.528
2.091
2.3H3

TOTAL SALES
EXECUTED ABROAD
EOR DOkBSTIO ACCOUNTi
Oct.
5
Oct. 12
Oct. 19
Oct. 2b
Sales of

585
673
1.379
1.078

2

87
9

1.1*06

1,1*92

2,01*8

1.18U

1,101

2.130
2,256
3.550
2.292

domestic securities:
Oct.
5
Oct. 12
Oct. 19
Oct. 26
Sales of

lt23

U9

381
i»50

ltl2

20

U26
U77

522

1*98

53'*

1*32

U56

1*62

foreign securities;
Oct.
5
Oct. 12
Oct. 19
Oct. 26

162
292
929
6b6

251*

1,1*09

1.668

365

1.361
2,012
1.077

1.73'*

99U
752

3,016
1.836

24

Security Transactions In Joint Foreign Arbitrage Accounts as
Reported by Brokers and Dealers In the United States,
for October 1938
(In tbouaanda of dollars)

Classification and
mek endsd

TInltsd
Einfldoa

O^raany

Italy

Rathar^
lands

Siritssr-

land

Othar
Soropa

Latin
Aaarlea

Total
Raropa

rar
last

All

othar

Orand
total

TOTAL PDHOHASIS
IN THX ITHITm STATSS
Oct.
5
Oct. 12
Oct. 19
Oct. 26

5U7
g6U

130
175
U5
266

6,106
6.725
5.166
7.893

7lU
1.521
538
SOU

130
137
U5
238

5.U69
6.039
U,767
7.533

5.257

719

U,99U
U.567
6.757

U.625
U.3gl
U.18U
6.U91

2,05«
1,185
1,187
2,623

g.157
7.925
6,372
10,520

Purchases of
doBostlo sacnrltios:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

5.510
6,105
lt,811

7,587

Purchases of
foreign sacoritissi
Oct.
5
Oct. 12
Oct. 19
Oct. 26

,

632
613
383
266

637
686
399
360

1,997
1.119
l,lU3
2,569

2.6U7
1,820
1.561
2.933

2,975
6.183
U,672
5.232

2.5'>7

5.529
7.072
5.588
8,213

TOTAL SALIS
ID THZ nniTED STATES
2.7U7
5.832
3,607
U,Ul2

176
30U
9U7
785

5

2,197

12
19

'».323

176
30U

U,669

2,Wi6
U.712

91*3

3.'tU6

3.'t96

783

3.730

3.752

Oct.
5
Oct. 12
Oct. 19
Oct. 26

Sales of
domestic
Oct.
Oct.
Oct.
Oct.

52
Ul
111
32

868
907
2,981

secrtritles:

26

2,UlU
2.921

2,l»25

Sales of
foreign securities:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

550
1,51U
1,226
1.502

550
1.509
1.193
1.U91

2.526
8U6
866
2.959

Foreign Balances In Brokerage Accounts as Reported by Brokers
and Dealers In the United States, for October 1938
(in thousands of dollars)

Classification
and date

3.083
2,360
2,092
U,U6l

25

Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Banl<ers in the United States, for October 1938
(In thoueands of dollars)

ouRHSNOT or
ClasBlfleatlon,
week ended,
and delivery

United
ElngdoD

France

Geniian7

Italy

Hetherlands

Swltter-I Other

Total
Xorops

Canada

Latin
America

Far
last

Grand

All
3ther

total

TOTAL PTO0HASE3:
Oct.
Oct,
Oct.
Oct.
Oct.
Oct.
Oct,
Oct.

5 Spot
5

61U
63

2.766
93U

2,1*87

3.5'»1

1.067

1.020

31
788

3. ''79

38
519

526
128
711
gk
702

1.257

20

38

116,550
35.530
81,!70
25.5^7
86, 817
31.15«
63.665
23,152

5,010
1.89U
3.037

820
Uo
1*2

51U

5't2

61t

,287

970
167
297
170
506
87
U69
155

135.S37

5.980
2, 061

90lt

100, "ilg

3.33't

U80

U2,I»Jg

712
2,U20
869

6U
637

'onrard

12 Spot
12 Forward
19 Spot
19 Forward
26 Spot
26 Forward

109.3%
53,632
79.969
3U.05I

Uo

3.5''0

951
It.
133
791

11*6

l.W
32l*

5.921
1.155
2.608

156.509
55.753

29.390
6,019

112,07'*

18, 567

l.'52U

65,917
121,363
59,665
93.637

5,906
26,638
6,886
28.799

37.9'i6

5.1*99

131.863
39.627
92.371
28.322
97,286
35.501
75.819
25.979

17.108
3.205
12,682
6,722
15.289
2.799
19.130
2,856

983

73

3.918
3,770
3,29"*
1.1*63

.056
26
160
5

712
16
296
385

6.029
2,031
1,627
1.936
3.'»2
3.169
3.35s
3.838

383
1

266
6
366
H
228

189,367
63,830
132,652
53.766
150. ««1
67,698
126, 'IB

67.666

Purchaees from %anks:
Oct,
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.

5 Spot
5 Forward,,,.,,
12 Spot
12 Forward
19 Spot

19 Forward
26 Spot
26 Forward

Purchases from castofflers
other than banks;
Oct,
5 Spot
Oct,
5 'orward..,,,.
Oct.
Oct,
Oct.
Oct.
Oct,
Oct.

12
12
19
19
29
26

Spot

.,,,

Forward

82U
,6Ug
,891

Spot

Forward
Spot

,301*

Forward

.899

l,91>t

600

782
3.010
1.102

U7lt

2.1*22

100

55>'

2
66

'»63

65
31
99
31
29
20
290
23

1.586
66
92
158
511
1.023
133
616

22.666
16.326
19.703
17.595
26.079
26,166
17,818
11,965

12,282
2,816
5,865
1.184
9.369
2,087
9,669
2.665

2,389
181
1,380
232
877

3.31*7

61*1

1.053
896

3.931
3.370
1.666

158.706
56.976
110,572
68,688
121,227
66,650
92,671
3.285
^:

,71*1

2.597

38

20

'.335
1,089
2.516
1.'66

2,212
698
3.078
675
3.220
Ull
3.709
520

61

U60
128
567
569
37

iWt

236
365
320
5I10

1

U2U
271

552

2.1135

8

1.633
2,809
3,155
2,988
1.768

153

115
968
759
271
1,251
301

3,W7
2.71*7

3,161
8l*7

18
76

361
2
220
331

3.166
1.023
1.331
1,129
3.200
1.289
2.259
1,680

5
351
12
76
56

885
1.008
296
805
302
1.860
1.099
2.158

28,601
6.693
16.155
8.550
26,736
6.367
26.286
7,266

335
809
213

6,008
2,122
2,356

19.382
6.715
10.329
5.005
16.736
6.751
18,999
5.712

83
809

I.62U

136,036
39,121
95,239
33.966
107.375
69,688
75,698
28.093

750
122

22.670
17,855

9.019
1.778
5.826
3,565
7.998
1,596
7,285
1.532

252

8

66

153,131
''3.673

106,680
36,173
116,167
39,596
97,651
30.866

350
1

266
6

36.236
20.157
26,172

333

^32:^?^

1

28.106
28.867
16.822

205

TOTAL SiL£S:
Oct.
Oct.
Oct.
Oct.
Oct.
Oct,
Oct.
Oct.

l't3.337

5 ^jo*
5 forward

51,070
98,896
Uo,999
110,306
56,896
80,167
3U,U36

12 Spot
12 Forward
19
19
26
26

Spot

Forward
Spot

Forward

Sales to backs;
Oct, 9 S^ot
Oct.
5 Forward
Oct. 12 Spot
Oct. 12 Forward
Oct. 19 Spot
Oct, 19 Forward
Oct. 26 Spot
Oct 26 Forward.
Sales to customers
other than banks;
Oct.
^ Spot
Oct.
5 'o^fard
Oct. 12 Spot
Oct. 12 Forward
Oct. 19 Spot
Oct. 19 Forward
Oct. 26 Spot
Oct. 26 Forward

123.905
36,980
85,652
27,506
98,896
1*3,522
. • . • •

66.792
23.673

19. '32

16.090

13,2*
13.''93

U.Ulo
13.37>'

13,375
10.763

5.857
2.059
3,289
1,201
2.U16

1.13?
2.88U
1.650

789
63
536
51U
71

1.71

13U
652
U

%

3,Sll8

30

339
8

1.987
856
2.1*52
2,1*47

31U

23U
133
351

1*55

>t,98g

1.220
2.811
1.000
1.793
962
2.107
1.391

251
10

3U5
Ul

869
839
U78
201
623
177
777
259

310
lU
200
U
200
52
20U
20

213

19

237
1

301
U
3U9

I.56U

755

168
,110
231
652
633
835
599

UUg

61(8

777
357
708
392
609
78U
809

13
270

2.596
1.15?
3.06U

1

225
8
218
297

1.957
3.191
2.737
3.t7lt

2,603
2.773
3.393
2.10**

51*7

I3U
701
538
.266
U2

l6|5t2
13.852
16,762
16.973
12.192

1,78;

57

36s

159
325

156
291
139
2

II
3

78

639
298
327

125

3,053
2,695
6,076

2.591
1.802
1.390

2i662
3,001
1.301
3.665

1.617
320
966
228
1,652
52
1,396
631

52

191.575
66.637
129.335
58.826
150.572
73.850
121.800
51.932

158.121
66,661
107.026
60.509
126,938
57,660
95.971*

37,775

33.656
19.976
22.311
18. 315
23.636
16,610
.826
II: 157

26

Outstanding Forward Exchange Contracts as Reported by Banks and
Bankers In the United States During October 1938
(In thouiaiidi of dollars)

United
Klngdoa

Classification
and date

TOTIL FOKCBiSI COBTUCTS:
Oct.
331.313
5
355.8U7
Oct. 12
361.223
Oct. 19
35U,928
Oct. 26

Contracts for purchases
from foreign customers
Oct. 5
Oct. 12
Oct. 19
Oct. 26

89.952
95.163
92.0U9
102,819

Trance

Oermanjr

8,331
7,9«3
7,929
8,595

327
192
331
131

3.053

17>*

3,101*

150
17U

3,113
3,535

Italjr

U16
U3U
1)88
ll23

85

Setberlands

Svltierland

Other
Inropa

LatU

Total
lorope

Aaerlca

9.591
10,557
10,170
9.581

2,11)9

8.380

360.507

75.821

3.1*31

2,38U
2,192

13. 081*

390,1*81

80,1)1)8

9.285
13.067

371,618

78.729
78.118

3. 2110
3.1*16

2.755
2.553
2,761
2,117

l)8l*

9S.O0U
10U,6l5
100,386
112.153

10.213

U71

1.559
3.126
1.819
3,125

262,503
285,866
271,232
277,031

2.1)59

389,181)

3.072

7ar
East

17.778
18.097
17.525
18.627

All
other

661
668
661
665

Orand
total

1*58,198
1*92,931)
1*71,91)9

1*89,666

n6.i*u

1.782
1.783
1.781
1,857

6.1)06
5,1*96

65,608
69,960

1,61)9

1.635
1.215

11.372
12.601
12.195
12.163

655
668
661
665

31*1.787

68.1)06

7l)0

51)8,31)1

699
695
690

581),

215,866
239,255
218.853
232,604

10,1)88

10.323
9,385

122.382
117.820
129.859

5.330
6.1)6U

Contracts for purchases
from domestic customers
Oct.
5
Oct. 12
Oct. 19
Oct. 26

2Ul,36l

5,278

260. 68U

1*,879

2U9.17U
252.109

U.8I6
5,060

389
U31
U62

8.00I*

1.665
1.868

6,821
9.958

7,'i09

1.71*8

7.1*66

1(22

7,'i6l*

1,988

9.9'e

590
371
599
295

61»1

15,932
17,936
18,055
17,629

'*.307

U,683
1)6U,327

5.21*8

17.006
13.311
16,765

138
167
198
157

6,1*92
8,1)85

5.970
9,359
7,303

167,583

7,656

2,308
2.831
2.209

7.91*1

2.9>*3

9.3l»3

503
505
522
501

5.713
7,6U7
6,008

^5i

6,836

68.733

1.1*57

370.552
35l*.129

359.807

TOUL SALI COHTRICTS:
192.33'*

Oct.
5
Oct. 12
Oct. 19
Oct. 26

H2.723

10,61

;93,Ug8

10,161

7,3'»7

U,212

lU8,515
162,573
lU8,706

3,825
U.309

15'».932

U,7U2

335
220
332
221

2U3,819
250,150
2UU,782

6.07>t

255

6.295
5.983

151
267

252.1*15

6.1*70

7U

^

672
720
658

1*1)0,938

1*59,15"*

83.018
88.867
86.776
86,287

U,I)8U
1),228
U.I116

2U.713
26.381

i».oii*

27,658

28,137
29,337
28,066

»*.275
i).oi9

678

1*.207

15,193
17,315
15.358

28,1)98

3.803

19.381)

61)0

5U.88I
59,530
58.710
57.789

209
209
209
211

9.520
9.066

332,1*75
3'I5,2U7

9.1*61
8.271*

338,791

2l),819

502

557.61)1*

577.803

Contracts for sale
to forel^ customers:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

'*.178

187. 91)5)

170.582
180,279

61)0
6I10

Contracts for sale
to domestic castomers:
Oct.
5
Oct. 12
Oct. 19
Oct. 26

9,1)1)0

1.99?

9.1*51

2,181)

10,399
9,688

2.395
2.305

7,1)22

267,803
276.383
270.356
278.875

Net Position In Foreign Currencies of Reporting Banks and Bankers
In the United States During October 1938

3'i5.199

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-28-

STATISTICS

29

Increment Resulting from the Reduction In the
Weight of the Gold Dollar
Oacember 31, 1938

30

Components of Silver Monetary Stock
(la millions of dollATa)

End of
calendar

31

Mine Production of Silver In United States, 1934
Distributed According to Size of Mines

nines Shipping

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1937;

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Indexes of 40 Foreign
Exchange Elates In New York,
in London, in Paris, and in
Tokyo, "Unweighted"
1935 = 100

MISCELLANEOUS

34-

35

Commodities Imported under Quota Provisions During
Quota Periods Other than Calendar Years
Potatoes certified seed

36

Summary of Criminal Cases In the United States
District Courts
Alcohol Tax, Customs, Marcotlos, Secret Serrlce and IntemoO. Bevenue j/
ror Uonth of HoTeober 1938

istebtob; or ctsia

>

Treas.
HJ
10

U.S. Treasury Dept.

Treasury Bulletin

.A2

1939
c.l
Treas.
HJ
10
.A2

U.S. Treasury Dept.

AUTHOR

1939

Treasury Bulletin

TITL£

C.l

Jan.
BOAROWEirS NAME

Mar.
PHONE

NUMBER