Full text of Treasury Bulletin : January 1940
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LIBRARY
C^rA^/
mM 5030
JUN
9 1 ^S72
C/
To be u
in T
JAN
:-
9
:34D
BULLETIN
QRAR^''
/
OF THE
<~>M •^50.
TREASURY DEPARTMENT
JANUARY 1940
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
LFBRARY
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
ROOM 5030
JUN l\
WZ
TREASURY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
JANUARY 1940
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Moveuieiits and Monetary Data
Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
Table of Contents
Page
Compensation of Federal, State, and Local
Employees Subject to Reciprocal Income Taxation
1- 3
Receipts and Expenditures
Fiscal Years 1935-'<-0
Expenditures by Classes, Receipts by Sources
Social Insurance Accounts
Cash Income and Outgo
5
6-12
13-l'<-
—
15
General Fund and Public Debt
IS
Composition of the General Fund
Treasury Financing Operations
Composition of the Public Debt
Net Market Transactions of Treasury Investment Accounts
Holdings of Government Obligations
Computed Interest and Yields on Public Debt Issues
19
20
20
20
22
Government Corporations and Credit Agencies
26
Assets, Liabilities and Proprietary Interest
27-30
Sources and Uses of Funds
Issues Outstanding
31
International Capital Movements
Summary Table
Short-term Foreign Assets and Liabilities
Security Transactions and Brokerage Balances
Transactions In U. S. Domestic Securities
Foreign Exchange Transactions
33
35-36
37-3^
39
't-l-'J-S
Other Monetary Data
Gold and Silver
Foreign Exchange
Exchange Stabilization Account
k-k-kj
-
Miscellaneous
Quota
Imported
Under
Commodities
Statistics
Law Enforcement
'+3
'•9-50
.
-—
52
53
The Estimated Number and Compensation of Federal, State,
and Local Officers and Employees, 1937-1938
The Public Salary Tax Act of 1939,
approved April 12, 1939, subjects to
the Federal Income tax for all taxable
years beginning after December31,1938,
the compensation of all State and local
officers and employees regardless of
the nature of their office or employthe United States consents to
ment;
non-discriminatory State and local taxation of the compensation received
after December 31, 1938 by all Federal
officers euid employees regardless of
the nature of their office or employment. The Act also provides relief
from Federal taxation for years prior
and local
to 1039 of certain State
officers and employees; and likewise
prohibits the collection of State and
local income taxes after April 12, 1939
on the compensation of certain Federal
officers and employees received In
years prior to 1939,
Formerly, although the Federal Income tax applied to the compensation
of all Federal officers and employees.
It did not apply, because of what were
then thou^t to be constitutional prohibitions, to the compensation of most
State and local employees. State income taxes, while applying generally
to the compensation of State and local
officers and employees, did not apply
to the compensation of Federal officers
and employees, also because of such
constitutional prohibitions.
In connection with the consideration of this legislation by the Seventy-sixth Congress, the Treasury Department was required to assemble and analyze information concerning the number and compensation cf Federal, State,
and local officers and employees. The
findings of this analysis are summarized in the accompanying tables.
The data for State and local governments, the Federal Judiciary, the
Library of Congress, and the Federal
executive agencies, except those specified below, are as of December 31,
1937. Data for the Army, the Navy, the
Marine Corps, the Coast Guard, the Works
Progress Administration, the Tennessee
Valley Authority, the Congress, and
the other legislative establishments
are as of December 31 , 1938. The Informal ion pertaining to Federal civilian annuitants is for June 30, 1938.
estimated that In 1937-1938
active Federal, State, and local
officers and employees numbered 3,788,
Their annual compensation for
616.
the same year is estimated at $5,506,
case of the Federal
874,000.
In the
military personnel, the total compensation included allowances for quarFor 1938, these
ters and subsistence.
allowances amounted to $83,370,000.
Exclusive of military allowances, the
compensation of active Federal, State,
and local
officers and employees amounted to $5,423,504,000.
In addition,
$67,000,000 was paid Federal
temporary and substitute postoffice
employees and $130,125,000 was paid
the retired and reserve Federal civilInformaian and military personnel.
tion regarding the number and compensation of retired State and local personnel is not available.
It is
the
The above totals excluded unpaid
officers and temporary employees whose
total annual compensation was not In
excess of $100 per year. Part-time or
temporary employees with a larger compensation were included. The compensation of these employees, as well as
full-time
that of the permanent and
personnel, Is reported on an annual
ances for the officers. Equivalent pay
values fcrenlisted men were restricted
to subsistence, no values being computed for barracks or other quarters.
basis.
Number and compensation of State
and local personnel . Estimates of the
number and compensation of State and
part
in large
local
personnel were
based on data supplied by the National
Income Division, Bureau of Foreign and
Domestic Commerce, Department of Commerce. Supplementary information was
obtained by correspondence with State
and local officials and with semiofficial research organizations. Estimates of tiie number eind pay of school
teachers were based on data obtained
from the United States Office of Education and the National Education Association. Statistics regarding the Federally-aided State and local functions
were obtained from the several Federal
agencies charged with the allocation
of Federal funds.
Sources of Information
Federal active civilian personnel .
Information showing the number of Federal active civilian personnel, classin
ified by salary size groups, was
large part obtained from the United
States Civil Service Commission. The
salary distribution for 780,196 Federal employees was estimated en the basis
of a sample of 46, 054 cards selected at
random from theservice record cards of
This
the Civil Service Commission.
group comprised the regular and emergency employees of the Judiciary, the
Library of Congress, and all the Fedthose
eral executive agencies, except
separately enumerated.
Information covering the Works Prothe
Tennessee
gress Administration,
Valley Authority, the Congress of the
United States, the Superintendent of
Documents, the Architect of the Capital, and other legislative agencies,
was furnished in part by the respective organlzaticns and in part by the
Bureau of the Budget. The salary distribution of certain labor and clerical classes, representing 1.7 percent
of the number of Federal personnel, was
estimated on the basis of the pay of
comparable employees.
Military active and retired person nel . Complete reports of the active,
retired and reserve military forces of
the Federal Government were supplied
by the War Department, the Navy Department, the U. S. Marine Corps, and the
Coast Guard. Information on basic military pay and allowances for quarters
and subsistence was separately reported. Military allowances represent the
cash payments to officers and enlisted
men in lieu cf quarters and subsistence
or the equivalent value of these allow-
Salary size distribution of State
and local personnel . The salary distribution of school teachers was obtained from (1) a sample representing
345,742 of the 414,168 urban teachers
United States, tabulated from
in the
the records of the National Education
Association; and (2) a sample representing 202,469 of the 482,050 rural
United States, tabuteachers
in the
lated from the records of the Office
of Education. The salary size distributions of the other State and local
officers and employees were based on
data available Instate and local budgetary records and those furnished by
State civil service commissions, other
State and local officials, research
bureaus, and leagues of municipal ities.
Federal retired civi Han personnel .
The Civil Service Commission reported
the number of Federal civilian annuitants, including the retired officers
and employees of the Civil Service,
Canal Zone and Alaska Railroad, classified by the size of annuities.
Estimated Number and. Total Compensation of Active Federal, State and Local Government
Personnel, Classified by Size of Total Compensation, 1937-1938*
(loountB of compensation in thouaandc of dollar*)
CoBtpeniatlon
Clatiei
FEDERAL
RECEIPTS
AND
—4—
EXPENDITURES
Summary Table on Receipts, Expenditures and Public Debt
(Xn llliont of dollars - on
MbIs
of dally Treasury ttatanentB, onravlaed.)
6
Monthly Receipts, Expenditures and Excess of Expenditures
(In millions of dollar! - on basla of dall^ Treasoxy •tatament*. unraTised)
Jan.
t»t.
Mar.
Apr.
Jul7
•tajr
Au«.
3apt.
loT.
Dae.
Total
Beealpta
193'»...
211
206
1*20
1935...
1936...
1937...
1938...
1939...
203
228
28U
211*
"•17
601
752
Oil
960
737
720
U88
538
588
93U
580
531
57'»
6UI*
53'*
528
662
335
308
218
275
3I49
182
228
231
363
273
237
2U6
256
335
375
397
391
1*63
868
77'»
613
218
27?
29U
1*1*9
U21
U99
788
1*09
7U
311
308
719
260
235
272
333
332
321
3.U92
3.857
2^7
231*
233
327
517
866
11.372
6.312
70I*
W7
569
Sxpandlturaa
Wit
1935
1936
1937
193«
1939
693
1)89
613
815
752
879
6VU
U83
61*3
858
1*38
.295
569
786
7U5
U62
557
U17
39U
370
518
21*6
937
973
611
616
661
677
763
807
51*1*
683
702
765
793
790
805
681
612
771
76I*
598
535
$99
678
691
6U7
637
728
680
870
9. 361*
889
9.5*
262
203
211
-186
166
320
l».263
7.755
7.lt51
8,360
8.U93
Xxeeae of expandltnrea
509
285
310
30U
199
385
193'(
1935
1936
1937
1938
1939
Vote:
728
317
zn
338
179
2U5
160
-27
-108
-196
-208
ll*2
252
395
1.909
393
19U
163
268
U52
3>*8
360
i»99
1*27
249
105
196
1*02
530
570
167
I8U
-86
1*09
5"*
1*39
351
301
336
172
296
7U
i*i*3
281*
275
3|7
279
HegatlTa figures denote exoees of receipts.
Summary of Receipts and Expenditures
(In Billions of dollars - on basis of dalljr Treasury statements. nnrsTlsad) 1/
riflcal year
or month
3.595
.992
2.
2.500
U.020
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1934 to Date
1934
DOLLARS
1935
1936
1937
1938
1939
DOLLARS
Millions
Mill ions
Receipts
1.200
1,200
1,000
1.000
800
800
600
600
400
200
200
JMMJ
NJMMJ SNJMMJ SNJMMJ SN.IMMJ SNJMMJSN
S
1.600
1,600
Expenditures
1.400
1,400
1,200
1,200
1,000
1,000
800
800
600
600
400
400
200
200
JMMJ SNJMMJ SNJMMJSNJMMJ SNJMMJ SNJMMJ SN
1.000
1,000
Excess
800
or
of Receipts
BOO
Expenditures
600
600
ExcQSS of Expenditures
400
400
200
200
I
n
200
400
£xcess
of Receipts
200
JMMJ
SNJMMJ
SNJMMJ
1934
1936
1935
I
I
I
I
I
I
I
I
I
I
I
III
'
I
I
I
I
I
I
I
1
I
ih
I
I
I
I
I
I
I
SN
I
I
I
JMMJSN JMMJ
ill
I
I
I
I
I
I
1937
I
I
I
I
il
1938
I
SN
JMMJSN
ill
I
Ill
I
1939
.„„
8
Expenditures
(In
ental
3.283
2,681
3.225
3.399
6.297
stlOB&l
dvfonse
807
3U1
668
USO
Veterans*
raUle
IdalBlitratlon
Vorke
505
76U
856
5.328
151
1.075
763
507
556
576
580
582
552
500
1(6
91
9U
1(6
^^
97i(
>».66l
193g-Dec.
General
of dollsra - on taslt of dally Tr«a«ai7 itstraant, unr«n«ed)
Dapart-
Tlical 7«ar
or aonth
1933.
1936.
1935.
1936.
1937.
193s.
1939.
miSBi
-
icrlsoltural idJuetaent
prograa
1/
118
I5U
80
150
289
712
533
?"
5f
362
536
787
1*5
Us
53
23
i«6
•5
61
36
9U
23
22
2U
33
98
106
22
23
699
Apr..
U56
52
Itajr..
1»25
87
90
June.
635
95
'^5
Jal7.
lag.,
1(19
100
106
102
U5
1(8
1(6
U5
57
57
I
68
1*5
63
97
Sept.
559
59
Oct.
BOT.
See.
527
651
629
6U
51
77
91
1(6
5
108
112
119
59
Social
Securitj
and
Ballroad
Setlreant l«ta
%
321
325
290
61
55
51
1939-J«n.
TeD.
Mar.
ClTlllan
Conaerratlon Corpi
'»5
Other
238
689
757
821
7U9
866
29
188
166
169
IU3
172
157
%
926
lU
173
2U
30
17
120
6
10
13
37
33
18
66
10
272
15
36
22
15
18
151
22
3^
15
2l(
68
12
21
190
16
73
26
28
2l(
2U
23
23
117
102
Intaraat
on the
pablle
datt
91*1
U3
25
15
31
8
Inclndea pakllo tailldlngg, public hle^vays, rlTore and harbors, Tennesaae Valley isthorlty, Bnral electrification and Baclamatlon
projects.
Included under Becorery and Belief in these years.
1/
2/
Expenditures
-
Recovery and Relief
(la mllllone of dollars - on basis of dally Treasury statements, onrerlsed)
Tlsoal year
or Bonth
Public vorks, including vork relief
WP*2/
193I*.
19351936.
1937.
1938.
1939.
3.l(Ul
3.073
2.238
3.105
Other
1,26U
1,896
UgU
816
TSU
7KI
l,8l(l(
1/
2,31(8 1/
985
78
1,1(72
2,21(0
31(2
6
606
2
y
Its
157
6U
170 2/
50
219
75
1939-Jaa.
reb.
Mar.
258
185
160
60
(1)
25l(
9
297
201
Apr..
May..
Jane.
173
173
167
6U
61
60
July.
Aa«..
220
321
170
%
106
60
51
55
175
182
113
112
?
61
12l(
53
Sept.
Oct.
Hot.
Deo.
i
(
)
Inelodee funds expeodsd for CiTlliau Coneerratlon Corps daring thoBO y«ar«.
Includea $9U.000.000 r«Btor&tlon of ct^pltal lmpalrB«at of Commodity Credit Corporation.
Prior to fiscal year 19U0 figures include National Touth Administration expenditures.
Includes $119,599,918.05 restoration of capital iBpairaent of Connodlty Credit Corporation.
Less than $500,000.
Indicated excess of credits, deduct.
10b
215
298
7
198
8
11
309
266
262
252
Miscellaneous
303
182
1(9
1938-Iieo.
^'
61
Aid to
hose
owners
(•)
38
385
2.763
3.369
1933.
i^rleoltnral
Aid
Belief
Totel
lU
20
32
3
25
^\
16
11
125
!i/
9
9
8
9
11
2
(•)
2
9
Expenditures
-
Revolving Funds (Net), and Transfers to 'i/ust Accounts, etc.
(In allllons of dollars - on baita of dall; Treaim? •tatemeat, nnreTlaed)
Tranafera to
BarolTli^ fmils (net)
Ylacal /Bar
or montli
A^rloaltural
Aid
Total
1933193^.
19351936.
1937193«.
1939.
7U
7'*
t.5
3U6
lUl
11
SOU
121
92
193g-3>Bc.
1939-J'a.
Keb.
Mar.
•
(
)
(33)
(18)
(13)
(8)
FaMlo
Work!
150
aoU
kk
222
I3U
101
(2)
Old-A^
Total
Baaerra
Accomit
100
50
50
868
607
685
265
387
503
1U7
107
It8
32
16
18
39
6
68
37
50
50
Apr..
May..
June.
g
7
e
(•)
(•)
(•)
8
8
55
55
9
July.
Aug..
Sept.
1
11
(•)
(1)
(1)
1
11
£
Oct.
Hot.
Sac.
9
(1)
(1)
(1)
10
6
Leea than $500,000.
Zndlcatea excaaa of oradlta, dadaot.
(1)
(•)
21
21
21
Ul
1.773
556
1,81>4
5
11
5
Adraacea to
Oovernment
Adjnated
Ballroad
Ballroad
Inployeea'
Serrlca
Batlrament Certificate UnemplOTiDent Betlreoent
Znsuranca
Account
Tunda
fund
Account
(tl.S. ehare)
71
71
(•)
(•)
(•)
5
aocounta, etc.
121
10
6
5
tnut
'•7
73
75
2
56
U8
22
18
50
'•3
7
53
53
58
>»3
10
10
10
t3
Ug
87
15
10
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
Oe center
Jalj
Sources of ReTenoe
Income taxes:
Corporation
Current
Back
IndlTldnal
Current
Back
Sxcess-proflts
Total Income tajn s
Tax on unjust enrichment
Miscellaneous
Internal reTemie:
Capital stock tax
Istate tax
01ft tax
Alcoholic bevera^ taxesi
Distilled spirits
(imported, excise)
Metllled spirits
(domestic, excise)
Distilled spirits
rectification tax
Vines, cordials, etc.,
(imported, excise)
Wines, cordials, etc.,
(donestlc. excise)
Brandy used for fortifying sweet wines
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
Tloor taxe s
fermented malt liquors....
Brewers; dealers in malt
liquors (special taxes).
Total alcoholic
boTera^ taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing
and smoklDg)
Cigarette papers and tubes
Leaf dealer penalties, etc.
Total tobacco taxes
Documentary, etc., stamp
taxes:
Bonds of indebtedness.
Issues of capital stock,
deeds of conveyance, etc.
Capital stock and similar
interest sales or transfers
Ple^ng cards
Silver bullion sales
or transfers
Sales of produce for future
delivery (repealed as
of 7/1/38)
Total documentary, etc.,
stamp taxes
•
1 -
1938
riscal
year I9U0
7ear 1939
169,797
9,lU0
21*8.1*87
392,901*
566.1M37
11.695
6U.U67
59.16U
129,217
8,127
207.1*51*
71 seal
2,56'*
6,168
7.705
292.231
39.983
6.172
1*51,651
318,81*5
1*81.509
797.757
1,133.21*2
36,289
19.731
1,008
763
3.861*
3.1*81*
2Ul
21.039
281
322
33.0U9
652
131.095
182,166
126,075
172.732
3.298
3,2^2
3.852
15.U32
ll*,781
25,766
26,1*91
150,81*0
139.31*3
1,108
1.287
6.50a
6.026
96
101
353
306
808
752
3.706
3,222
121
28
79s
32I*
87
96
l*,2l*8
i*,i*6U
1
1/
1/
5.s:i
10
't.063
19.013
60
891
91
17.576
139.651*
135.267
"3
t5
S.333
2.U17
51.197
51.270
329,868
315.652
116
796
806
6
2
38,1408
53t
3.796
150
81*3
8
2
37,968
612
1*,271
111
1/
1*3.702
6.931
1*3,815
51*
10
810
3.320
261*,
223
5,2l6
6,81*9
56
11
251,1*1*3
3,1*09
27.759
617
28,007
713
1
1
303.50a
290,1*89
Miscellaneous internal
revenue - continued
Manufacturere' excise taxes
Lubricating oils
Oaaollne
Tires and Inner tubes....
Automobile trucks
Other ecatomoblles and
motorcycles
Parts or accessories for
automobiles
Slectrlcal energy
Sadlo sets, etc. (including
tax on phonograph records
repealed as of 7/I/38)..
Mechanical refrigerators.,
firearms, shells, and
cartridges
Pistols and revolvers
Toilet preparations, etc.,
(including repealed
5* t")
Matches (including
repealed taxes)
Brewers' wort and malt
(repealed as of 7/I/38).
Articles made of for
(repealed as of 7/I/38).
Sporting goods
(repealed as of 7/1/38).
Cameras and lenses
(repealed as of 7/I/38).
Chewing gum
(repealed as of 7/1/38).
Total manufacturers*
excise taxes
Miscellaneous taxes:
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph,
radio and cable facilities, leased wires, etc.
Transportation of oil
by pipe line
Leases of safe-deposit
boxes
Admission to theaters,
concerts, cabarets, etc.
Club dues and
initiation fees
Adulterated and processed
or renovated butter, mix*4
flour and filled cheese.
Oleomargarine, including
special taxes
Varcotics, including marihuana and special taxes.
Coconut and other
vegetable oils processed
Hatlonal firearms Act
All other, including repealed taxes not listed
above
Total miscellaneous
internal revenue
1.525
1.758
9,181
10.102
1.012
363
1.75^
8,21*0
371*
2,158
9.670
2.079
21
9
109
79
2.921
U
3.895
i/
19.688
2U9
22.179
Payroll taxes:
Social Security tax«s
(Social Security Act):
Taxes with respect to
employment (federal Insurance Contributions
Act) 2/
Tax on employers of 8 or
more (federal Unemployment Tax Act) ll
Total Social
Security taxes
Carriers' Taxing Act of 1937
Total psgrroll taxes
Total internal revenue..
1/
2/
i/
Less than $^.
Tormerly Title nil.
formerly Title IX.
1938
1939
Total mlscellazLeous taxes
1/
July
Sources of fiavanoe
1939
l».256
Decaaber
Deoeaber 31
2,306
17.000
826
2.109
16.937
2.875
515
5.5l«
863
1 -
December 3I
riscal
year I9U0
riscal
year I939
16.103
21.759
3.338
16,763
110,229
15.UU7
2,200
2,831*
19,502
11,161
701*
'*,771
3,101*
3.01*1
20,026
3.750
19.003
71*1*
593
239
3.072
U.186
2.677
2,218
U,
1(1*2
223
118,1*27
106
2,1*68
''I
6
31*
1.916
27
706
1,086
l*.037
6.102
8
1
118
i/
I*
9
1/
1/
13
26
87
237
5
8
56
699
1/
1/
2
180
1
1/
1
106
31.087
217.871*
192. 8U2
36. 018
380
't.337
I*.
317
589
1.932
38.667
1,601
35.302
2.661
2.037
12,816
12,052
769
91*0
5.5^3
5.526
133
132
931
910
1.975
2.020
10,720
10.315
1*2U
1*22
2,885
2.935
1
2
12
13
78
100
1.271
1.1*57
33
15
2U7
227
2.351*.
12.023
13.852
1/
3
5
1.831*
1/
Jl
120
221
12.631
12.951
87.170
BU.Uie
168.030
177. OUl
1.275.619
1.207.683
2.723
2,l*ll*
293.956
258.065
1*93
1*83
23.011
21,23>t
3.216
2.897
316.967
279.299
7.891*
1*2
58.1*07
53.U3U
11.110
2.939
375.371*
332.733
>*98.993
662.252
2,1*52,611*
2.677,11*2
..
11
Collections of Internal Revenue
(la thousands of doll&rs - on b&sii of reports of collections)
Incone and Profits
Tlscal year
or month
Fajrroll Taxes
Social Secnrit; Act?/
Total
Total
IndlTldual
Corporation 1/
1929
1930
2.939.0*
2.331.27't
1.095.
5^*1
1.235.733
3,oi(0,iU6
2,Ul0,259
1,11*6,81*5
1.263,1*11*
1931
2.>t28,229
l,860,OltO
1932
1933
1.557.729
1.619.839
2.672.239
1.056,757
756.791
819,656
1.105.791
833,61*8
1*27,191
1,026,393
629.566
352. 57U
519.509
527.113
5oo,lU7
578,678
W
3. 299. 1*36
1936
1937
1938
1939
3.520,208
5.653.195
5.658.765
5.181.575
l.UST.Uig
2,173.769
2,622,813
l,091,7'*l
2,178,1*31
1,028,831*
l!336!!
.501
l,ll»9..597
1938- Dec.
662.252
U«l,509
213,622
1939-Jan.
315. 8U5
51.598
1,286,312
1*8
265.7'»5
71*2.660
58,119
90,267
101,167
267.887
2,939
2,1*11*
1*83
1*2
32.531
25.191
207.259
98.992
125,870
3.855
59.035
7U,571
25,150
2.1*10
1.71*7
1U,807
13,605
-302
328
2U.785
190,200
69,681*
93.0U1*
62,529
73.682
5.5'*2
6.ltoi
16,252
2,6oi*
663
1,613
12,961
12,985
72,75'*
66,11*1
97,l*'»7
17.81*0
12.308
73.555
2,37U
5.098
6.052
1*91
9,1*1*3
68,578
113.177
11,110
61,882
87,280
2,723
57.52"*
691,1101
1)98.1*71*
Apr..
Hay..
June.
279.986
315.036
39.292
lU.961*
1*32
19. 61*7
568.6it6
353.868
163.668
July.
Aug..
Sept.
300,091
397. U21
62U.25U
'»3.699
33. ''96
II.3I8
331.298
151.177
32,381
23.019
180.121
Oct..
BOT..
Dec.
292. 2U1
339.615
36,122
3"*. 298
1(98,993
318,81*5
8,172
13.72U
137.3"*
181,501
21*.
27.950
20,571*
37.691*
Total
1929.
1930.
607. 780
1931.
1932.
1933.
193».
1935.
.1*81,160
.667.'*23
19361937.
1938.
1939.
2,021.075
2.207.608
2,287.075
2,256,031
Capital
Btook
Alcoholic
bsTe rages
Tobacco
61,897
6U,770
12.777
11,695
i»3U.l(l*5
568,189
500,972
(8,078
10,1*32
ltl*l»,277
1*7,1*22
8,701*
»8.579
873,0lt«
3U,310
113.138
212,112
17U
258.911
1*11,022
1*02,739
1*25,169
'•59.179
629,887
80,168
91,508
378,81*0
305.5'*8
5l6,87'(
360.715
1*3.
turers'
Miscellaneous
excises
u
Mannfao-
''50.339
Stamp
6U.173
77.729
U6.95U
32.261
57.578
66.580
'3.133
166
31(1*
1,51*8
5.730
U93
20.167
Dhjust
enrichment
138
18,310
1U,026
87,1*96
l'»7.156
108,191*
379.5'tO
371. ''23
526,222
505.1(61*
501,166
595.21*5
552.25't
68.990
69.919
567.979
587,800
568.182
580,159
1*6,233
1*1,083
M19.85U
'H6.75U
396.891
92.132
98,289
131.705
162,180
6,073
6,217
6,683
71.637
177. OUl
322
33.701
51.270
1*3,815
3.895
31 ,087
12.951
763
1939-Jan.
300
16U
213
27,828
22,062
38.151
35.918
355
33.950
31*. 116
397
13.556
12,178
1(38
'•7.356
3.831
3.198
3.126
13.031*
1*2,1*61
1*7.359
1(0,837
1*9.321
lUl
180
131
33.626
22,533
36,177
1*6,277
U9.it6U
'*2.539
2,962
3.070
2,716
31.750
35.251
13.11*9
3't.627
13.290
12,556
566
666
831
1.937
2U,767
1*8,629
13. ''83
29.1*71
56.151*
2,602
3.261
1(0,038
7'».52'*
51.655
53.113
56.519
3i*,i»5o
11*, 097
3.191*
i*i(,5itg
16,511
29.185
25.525
21.320
56.363
61.020
51.197
53.087
t(.58l(
28,635
13,11*9
1*9.976
1*3.702
3.127
2.921
3'».196
17.299
12,631
}J
2/
i/
Teb.
Mar.
188.771
Apr..
May..
June.
170,1*1*1*
July.
Aug..
Sept.
183,111
265,886
280,095
Oct.
BOT.
Dec.
186,987
191.510
168,030
176.891*
197,695
52,01*1
1.98U
367
21*1
51*. 982
53.106
56,506
56,980
51.128
36,018
Agricultural
Adjustment
322
25,010
2U7.751
390,038
352.275
3'*.
7.891*
31*,
1938-I)ec.
l61*,858
11*9.685
1.515
5.11*8
Hlscellaneous Internal fievenue
Estate
and
01ft
287
11*9, U76
109, U27
7110,1*29
333.517
fiscal year
or month
Carriers'
Taxlnf Act
of 1937
207.339
502,917
529.835
reb..
Mar..
10.1*77
U8
753.032
1,082,028
19.067
32.333
291.215
1*1*.
Unemployment Tax
Act
395. as
1935
67U.U16
Insurance
Contributions
Act
Total
301
527
592
553
55U
630
1,008
Including excess-profits tax collsctions.
Tor the period prior to September 1939 the data in the columns entitled "Insurance Contributions Act* and "Unenploymsnt Tax Act" represent
collections under Titles nil and IZ. respectlTely, of the Social Security Act.
Including tei collections under the Sugar Act of 1937 and under the dividends tax Imposed by the Act of June I6, 1533.
UJ
8
3
.
J
15
Receipts and Expenditures under Social Security Act
(la BlllloiM of dollara - on kaali of dally Troamry ttatameata. narartied)
Expenditures
Baealpta
biployaant
taxes
Tltla Till
riaoal 7«ar or aonth
Grants to Statss
Tax on toployera of
8 or more,
(litis IZ,
Total
Bscalpti
AdainlstratlTe
Xxpsnees
1/
Sac. 901)
1936
1937
1938
1939
511*.l»
530.U
Unemployaent
eospensatlon
admlnl stratlon
Old^ige
Assistance,
etc.
Total
(rants
to
states
26.9
157.
.6
•9
57.8
90.1
100.9
252.2
60U.U
631.2
15.8
20.0
'tl.9
a.
58.9
229.6
261.U
1.6
9.1
Befunds to
Tranefers
states of
Total
to Old-Age
taxes colIxpendlBaserre
lected under
tures
Acooxints
Title IX. Sec
(ntls II)
901 2/
27.8
166.9
271.5
320.3
2g.U
UO.S
265.0
387.0
503.0
i»lt7.7
719.1
8)4.6
193«-Doo..
2.5
5
3.0
.6
11.7
12.3
32.0
'•5.9
1939-Jan.
leb..
Mar..
28.9
102.2
2.2
12.9
52.1
1.7
Ul.7
15U.U
3.9
1.7
1.8
1.7
U.6
2.6
2.2
26.2
21.6
19.3
30.3
2U.2
21.5
37.0
50.0
50.0
69.5
76.0
73.2
Apr..
Kay..
June.
27.1
109.1
3.3
2.8
9.1
29.9
118.2
U.O
1.8
1.8
1.8
9.0
k.k
5.3
26.0
26.1
10.3
35.0
30.5
15.6
55.0
50.0
56.0
91,8
35.>t
1.7
1.9
1.9
8.8
7.t
2.3
32.5
26.3
15.3
'*1.3
U3.0
U8.0
U3.0
86.0
83,7
62.5
.9
u.l
U3.0
1.0
1.2
32.6
21.0
16.6
•3.7
1.8
1.8
22.1
17.8
1(3.0
1*8.0
87.6
66.9
67.6
July.
Au«..
Sept.
Sec.
1/
i/
.7
2.7
8.1
106.6
2.5
31.t
117,5
U.l
Oct..
Not..
Hotel
•
8.0
llU.6
3.0
3U.U
125.5
5
'*.7
.5
2.9
•
33.7
17.6
82.
73,*
rigures in this and four succeeding tables are rounded to nearest tenths of millions and will not naceasarlly add to totals.
Includes only expenditures from appropriations made specifically for admlniatretlve expeases relating to the Social Security and Ballroad
Betlrement Acts. Does not include administrative expenses payable from other appropriations. The principal agencies in the latter group
are the Bureau of Internal Heyenue of the Treasury Department, and the Public Eealth Service and the Office of Education of the federal
Security Agency.
Second Deficiency Appropriation Act. fiscal year 1938, approved June 25, I938, carried an appropriation of $U0. 561,886.1*3, pursuant to
aathorlzation of August 2l*, 1937, for making refund to certain States of portions of federal employers' tax for 1936 collected under
Title IX of the Social Security Act.
Old-Age Reserve Account
(Xa allUoas of dollars - on basis of dally Treaaary statements, unrevised)
Ousmlative as of end
of fiscal Tear
or month
1936.
1937.
1938.
1939.
Approprlatlona by Congreaa
Tranafera
Balance afrom
allable for
general fond
tranafera
265.0
652.0
1,155.0
1939-July.
Aug..
Sept.
1,198.0
Oct..
Ho v..
Sec.
1,1*23.0
1/
113.0
Onexpended
Interest
Total
Baceipta
Benefit
Payments
5.'»
Total
Investaenta
265.0
765.0
1,155.0
2.3
17.7
UU.6
267.3
782.7
1.199.6
ltU.6
l|l«.6
1,7U9.6
1,7U9.6
1,7U9.6
UU.6
UU.6
UU.6
1,7U9.6
I.7U9.6
I.7U9.6
l,2lt6.0
507,0
U59.0
1,289.0
1*16.0
1,705.0
1,705.0
1,705.0
1,332.0
1,375-0
373-0
330.0
282.0
1.705.0
1.705.0
1.705.0
Balance
Ixpendlturea
Bacaipta
ltU.6
Includes balance of appropriation available for transfers.
Unemployment Trust Fund
Total
Investments
To credit
of appropriations 1/
To credit of
dlsburalag
offieara
267.1
662.3
1,177.2
113
19.3
267.2
777.2
1,180.3
20.7
22.0
22.7
1,728.9
1.727,6
1,726.9
1,220,2
1,263.2
1.306.2
U59!
U16.I
u
2V6
1,726.0
1.725.2
1.72U.U
1,3U9.2
1.392.2
I.U35.2
373.1
330.1
282.1
3.8
2.9
7-1
2U.U
25.2
.1
1-9
3.0
1.6
14
Receipts and Expenditures Under Railroad Retirement
and Railroad Unemployment Insurance Acts
(la allllea* of dellArt - on bsal* of dAlly Tns«ni7 ttateMntt, nanrlicd)
Xxpendltureo
fiaoolpt*
Tlseal
jfx
TaacBt
or Boath
vpoB
ocrrlor* aad
th«ir flaplo7e«i
1936
1937
1938
1939
bpoara*
19>>l
109.3
i93g-n»o..
X939-Jaa..
lab..
Nar..
.9
27.5
Apr..
May..
Jnna.
fraaifera to
Ballnad Batlr«»ant loot.
tratlv*
Traaafora ta
Ballread OaaaplOTBant loaoraaoa aoeouat
total
azpaadl*
taraa
.3
•3
u
llifi.l»
1-5
1U9.0
3.3
107.1
uo.u
.3
1S.5
l6.8
.3
.3
.3
1.5
l.S
18.0
18.3
.3
.H
£.1
21.1
*Uy.
.7
Bapt.
23.7.
Oct..
.1
21.9
15.0
37.'*
:i
.6
K.l
7.1
18.7
7.7
10.0
10.0
10.0
10.7
10.5
11.3
OT..
1.2
U.2
.7
.5
Soo..
*.5
1.3
Railroad Retirement Account
(la Blllloaa of dollara - on feaala of dally Treaanrj atataBanta, nnrarlaad)
aii^taiw i —
Baealpta
Balaaoa
tnraa
Una^wndad
Approprlatlona by Ooa^raaa
OoanlatlTa aa of and of
71 seal y«ax or aonth
Iranafara
Balanoa
frea
gaaaral BT>1 labia
for
tmt.
traaafara
fatal
lataraat
aa
laTaaVaaata
Total
laaafit
Baealpta Fajaaata
total
Xaraataaata
rlatlona
U
1936.
1937.
1938.
1939.
2/
I16.6
ii«.£
>)€.£
1)6.6
l>t£.U
.1
1U6.5
l."»
253.5
11.3
2€>t.8
3.6
268.U
1939-*U7.
275.'»
109.5
91 .U
8U.2
3«*.9
38U.9
apt.
293.5
300.7
3.6
3.6
3.6
388.5
388.5
388.5
Oet.
lOT.
Deo.
1/
2^
310.7
320.7
330.7
le eradlt
of
38'».9
2
38^.9
a
38it.9
5^.2
38U.9
I
3.6
'•!
3.6
388.5
388.5
388.5
U2.6
68.1
82.8
66.2
67.2
19'».7
193.8
I8U.7
175.6
69.1
77.2
77.2
231.7
2in.O
Tranafara froa fsaaral fnnd wera not reflaeted tiatll July 1, 1937.
Xnelndas balance of appropriation aTailabla for tranafari onbaaqnent to Joaa 30. 1937-
166.2
156:.8
W7..5
boralas
offlear
U6.6
i(€.6
U.O
79.8
185.6
203.8
212.9
fo eradlt
of dla-
36.fi
77.2
77.2
77.2
.2
13.2
111.5
6.0
1.6
2.3
13.3
111.
lU.l
3
I .2
5l*.2
IU.7
15."*
l£.l
15
Cash Income and Outgo of the Treasury
They will not agree with budgetary figures on
(TheBe figuree are not Intended to reflect the budgetary position of the Government.
rec&lptB, eipendituree and deficit such ae those appearing In Dally Treasury Statements and In other tables in this Bulletin. lor
an explanation of the revlslona made In Dally Treasury Statement figures to arrive at this cash series, see the tert in February
Bulletin. All figures in the table at the bottom of the page have not been revised in accordance with that explanation.)
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1934 to Date
1934
1938
1937
1936
1935
1939
DOLLARS"
"
Millions
DOLLARS
M ons
II
i
i
1.200
1.200
Cash Income
1.000
1.000
eoo
800
600
600
400
]
200
400
200
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
,600
I.6O0
Cash Outdo.
1.400
1.400
1.200
1.200
1.000
1.000
800
800
600
600
200
200
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
1.000
800
800
Net Cash Out^o
600
£xcess
of Outgo
400
400
a
1
200
-
£xG09t of /ncom»
200
a
L LI
I
ll J.
200
'
"
JMMJSNJMMJSNJMMJSNJMMJSN
JMMJ5NJMMJSN
400 "
'
I
'
'
1934
1935
I
I
I
1
1
1
1
1
ii
1
1
1937
1936
16
1
1
1
1
III
1
1
1
1
1
1
1
1938
1
1
1
ii
1
1
1
1
1
1
1
1939
1
1
1
400
TREASURY
GENERAL
FUND
17-
AND
PUBLIC
DEBT
18
Composition of General Fund
(In Billions of dollar* - on basis of dally Treasury statesents, tmrsTisad)
Onrrent assets
nd of fiscal
year or month
Total
1933
1936
1935
1936
1937
1938
1939
862
2.582
l.SUl
2,682
»orlcla«'
%alaac«
Salcnlorag*
Inoraon
ent
cold
lUO
316
356
2,216
2,838
1,001
2,225
970
1,628
2, 160
536
lUl
lUl
lUS
1U2
2. 551*
laaetlTa
gold
700
1,087
Deposits
In Ted.
Special de*
posits a/c
sales of
QoT't.Secs.
Total
Bullion,
coin anA
eorrenoy
1.103
3.033
2, 016
2,936
2.709
2.U19
3,087
IgU
1,0U5
l.oUt
865
1.863
830
1.212
51
837
97
118
862
lUl
929
1.022
1.85'*
fiesem
799
1.151
6Ui
611
777
193g-Dea..
3.083
2,U1»9
U92
lk2
3.285
I.30I*
1.033
888
1939-Jaa..
Teh..
Mar..
2.933
503
508
515
IU2
1U2
lUa
3.119
3.517
3.635
1.385
1.313
792
1.222
1.388
876
3.389
2,288
2.693
2.732
Apr..
3.0UU
2,380
Majr..
2,25lt
June.
2.838
2,160
522
528
536
1112
2,92l»
3.230
3.106
3.087
1.329
1.272
1.212
975
971
1,022
858
792
777
July.
Aa«..
Sept.
2,'ll»7
1,761
1.539
l.USl
5IA
550
55^
1U2
2,800
2,576
1U3
2.33'»
1.015
986
879
928
llt2
Oct..
Hot,.
1.913
2.165
2.1*76
1,213
1.U62
1,768
558
561
565
1U2
1U2
Sec.
2.077
2.350
2.666
890
1,007
1.050
3.3'»3
2.231
2,178
llt2
1U2
ii»3
1.35'*
866
ill other
deposits
and collections
Current
llaMlIties
19
Statement Showing Details of Major Financing Operations of the Treasury
for Fiscal Years 1938. 1939 and 1940
(In allllons of dollars)
20
Holdings of Direct and Guaranteed Interest -Bearing Obligations of the United States Government
(In DllUona of dollars)
Ind of fleoal
rear or aonth
21
a
..
22
Amount of Interest-bearing Debt Outstanding, the Computed Annual Interest
Charge and the Computed Rate of Interest
Snd of flBcal Tear or month
IntereBt-bearing
1933
193&
1935
1936
1937
193«
1939
Computed annHftl
interest charga
delit
$22,157,61*3,120
Computed rate of
Percent
Intereat:
3.350
7'*2.175.955
81*2,301,133
26, 1«80, 1*87,920
3. 181
2.716
2.559
2.582
2.589*
2.6oo»
750,677,802
838,002,053
27,61*5,229,826
32,755.631.770
35,802.586,915
36,575,925.880
39,885,969.732
1.036,937,397
1938-Juiy.
36,6Ui.937,7i9
37,051.561.281
951,738,835
956,207,791
Sept.
37.81*9.982,1*93
977,27'*.331
Oct..
Hot..
37.896.865.589
38,068,027.769
38,898.851,391
1,005.833,188
1939-J«n.
ret..
Mar..
39.097.233.713
39,325.527.811
1.011.231,1*67
1,017,225,01*2
39. 1*1*2.071*, 9 57
1.026,757.937
Apr..
39,525.'W7.813
39.751.011,399
39,885.969.732
1.029,353.995
1.035.271.505
1.036,937.397
2.60l**
2.60l**
JnlrAug.,
Sept.
1*0,113,701,721*
l,0l*l*,251,926
2.603*
351, 31*8,1*87
1.050,81*1*, 300
2.60l**
0,31*1,909,035
1,051,817,1*81*
2.607*
Oct..
BoT.
1*0,526,11*7,836
1,051*, 365,376
2.602*
1*0,806,570,235
1.058,1*87.906
2.591**
Sec.
1*1,1*1*5,1*61.769
1.076,615,135
2.598*
Sec.
June.
Hot*:
•to,
921*. 31*7,089
91*7,081*. 058
2.597*
2.581*
2.582*
978.6ol*.732
982,917,801*
2.582*
2.582*
2.5«6*
2.586*
2.587*
2.603*
2.600*
"Interest-Bearing Sebt' flgoree Include dlsooxmt on Treasury Bills, amount being deducted prior to calculating the arerege interest rate.
Ob basis of Sally Treasury Statements, unrerleed. Tor basis of other figures see report of Secretary of the Treasury for 1937. PB£* ^2.
Comparison of Average Yields of Long-term United States Treasury Bonds
and High-grade Corporate Bonds
Treasury
bonds 1/
Corporate
bonds 2/
Spread betvern
Treasury and
Corporate bonds
Treasury
bonds 1/
1938 -Jan
leb
2.65
Mar
Apr
1939-Apr.
2.30
2.32
2.29
2.27
2.25
2.16
2.92
2.92
2.91
2.91
2.II*
2.81*
2.13
2.13
2.83
2.83
2.08
2.12
2.16
2.17
2.81
.52
2.6U
3.17
3.15
3.16
2.62
2.51
2.52
3.23
3.1t
3.15
.61
3.12
3.10
3.12
.60
Sept
2,52
2.51
2.58
Oct
2.1*8
.58
Not
Sec
2.50
3.06
3.0U
3.02
1939-J«i
2.1*7
2.1*U
2.96
2.90
2.87
.1*9
2.31*
2.92
2.86
2.78
.62
Juiie
2.30
2.17
2.13
2.
2.11*
July
2.16
.60
J:
2.17
2.17
Aug
2.
2.65
:i2
23.
30.
2.2l*
Sept
2.76
2.79
3-29
2.60
3.1'*
2.1*6
2.93
2.86
Sept. 6.
1320.
27.
2.56
2.eu
2.72
Oct.
2.72
2.66
2.61*
iTone
July
Aug
2.1*9
U\>
Mar
Apr
May
Oct
VoT
Beo
Weekly, Wednesday
closing prices U/:
1939-Jan.
.
.
2.35
1*
2.1*8
11.
18.
25.
2.1*7
1.
8.
2. 1*5
1522.
2.1*3
1.
2.39
2.36
2.33
2.35
2.30
8.
1522.
29.
Spread between
Treasury and
Corporate bonds
Weekly, Wednesday
closing prices 1*/:
Monthly averages of
dally figures 2/*
Msp
Corporate
bonds 2/
2.1*5
2.1*8
2.1*5
2.1*3
5
12
•51
52
.63
.63
26
May
3
10
17
21*
31
^
June
lU
21
28
•53
.1*6
July
.65
:^
.51
5.
12.
•53
.69
7
Aug.
1*.
2.20
2.16
2.17
2.IU
2.27
2.7I*
3.01
2.96
2.95
2.95
.53
2.9U
2.91
2.89
2.89
2.86
2.86
2.87
2.88
2.90
."9
8.
2.50
2.50
.1*7
15.
2.1*7
.1*6
22.
29.
2.39
2.36
11.
18.
25.
.'*9
:^
Not,
.U6
.1*7
See
.50
.5'*
19l(.0-Jan.
1.
6.
2.1*1
13.
20.
27.
2.37
2.32
2.30
3.
2.29
2.28
10.
2.91
2.87
2.82
2.80
.62
.60
.62
.61*
.66
.71
.70
.70
.70
I—
Z
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LlJ
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
•25-
U
.
26
Proprietary Interest of the United
States in Governmental Corporations and
Lending Agencies: Nov. 30, 1939
Governmental Corporations and Credjt Agencies
of the United States: Nov. 30, 1939
(CoBplled froB latest reports received fron these a^ncles)
(Compiled from latest reports received from these agencies)
(In Billions of dollars)
(In millions of dollars)
Proprietary*
Interest
LlaMUties
lot
OnaranOuaranteed by
teed by
Oalted
United
States
States
Assets
Privately
owned
Capital
Stock
Owned
Surplus
Interagency
Transactions
United
States
Stock!
fieconBtroctlon Tinance Corp..
Oomiodlty Credit Corp
Sxport-Inport Bank of
I.7OT.6
69t.5
Washington
federal Crop Znsnrance Corp..
federal Deposit Inmranee
Corp
Tennessee Valley Aathorltr...
Public Vozte Administration.
United States Marltlne
CoBBlBslon
Bural Xlectrlflcatlon Admn, .,
Hone Owners' Loan Corp
federal Savings A Loan
Insurance Corp.
federal Hose Loan Sanks
federal Housing Adnn
federal Hatlonal
Mortgage Assn
United States Housing
Authority
farm Credit Administration...
federal fara Mortgage Corp...
federal Land Banks
federal Znteraedlate
Credit Banks
Banks for CooperatlTes
Production Credit Corp
Baglonal Agricultural
Credit Corps
Var emergency corps. A
agencies (in liquidation)!
Havy Departnent (sale of
surplus war supplies)....
United States Housing Corp.
United States
Ballroad Adisn
United States Spruce
Production Corp
War Tinance Corp
U9.1
13.7
1.097.8
U07.U
5l'i.5
95.3
187.1
100.0
Ug.6
8.3
U89.7
319.3
200.U
139.3
l6.>t
70.1
199.1
82.2
3.>i
1.3
75.1
1.7
ia.9
250.7
U9.6
lU7.g
177.3
U7.S
51.3
2,836.i»
1U6.0
50.9
120.6
12U.7
Uit.s
88.2
57.8
150.8
89.8
217.3
303.1
268.9
287.2
11U.7
3.U
1,5110.6
1.277.1
U6.2
1,803.8
197.
2.309.9
150.0
302.9
70.1
203.0
313.9
I85.7
ao.i
12S.>«
.2
103.8
178.0
122.2
22.1
2.9
19.2
u.o
3.7
Total
U.6
1.9
U.6
1.9
i}
1/
.7
1/
21.0
.1
20.9
11.6
10.6
1.0
Other:
Slsaster Loan Corp
Xlectrlo Home end
farm Authority
farm Security
Administration
federal Prison
Indastrles, Inc
Interior Department
(Indian loans)
Inland Waterways Corp
Panama Ballroad Co
Puerto Bloo
Beconstructlon Admn
B f C Mortgage Company
Tennessee Valley Associated
CooperatlTes. Inc
Treasury Department:
federal Savings A
Loan Assns
Ballroad loans (Transportation Act, 1920)...
Securities received from
the Beconstructlon finance Corp. under Act
of feh. 2U, 1938
Beconstructlon finance Corp.
Commodity Credit Oorp
Bxport-Import Bank
of Washington
federal Crop Insurance Corp.
federal Deposit Insurance Corp.
Home Owners' Loan Oorp
federal Savings and Loan
Insurance Corp
federal Home Loan Banks ......
U. 8. Housing Authority
federal farm Mortgage Oorp...
federal Laoid Banks
federal Intermediate
Credit Banks
Banks for Cooperatives
Production Credit Corps
Beglonal Agrlo<atural
Credit Corp
U. S. Housing Corp
U. S. Spruce Production Corp
Disaster Loan Corp
Zlectrlc Home and
farm Authority
federal Hatlonal
Mortgage Assn
Inland Waterways Corp
Panama Ballroad Company
B f C Mortgage Company
T T A Cooperatives, Inc
255.5
255.5
8.1
.2
7.9
2.6
25.8
U7.g
.9
2.6
2U.9
1.0
i;6.8
6.6
59.3
1.8
6.6
57.5
.3
39.7
39.7
30.2
30.2
2.U
2.1*
m
12.823.9
5.736.8
3.O87.8
396.9
Ion-Stock!
Tennessee Valley Authority...
Public Works Admn
U. S. Maritime Commission....
finral Xlectrlflcatlon Admn...
federal Housing Admn
farm Credit Admn
lavy Departnent (Sale of
surplus war supplies)
U. S. Ballroad Admn
farm Security Admn
federal Prisons Industries, Inc
Interior Department
(Indian loans)
Puerto Blco
Beconstructlon Adian
Ballroad Loans (Transportation
Act, 1920)
Securities received from B f C
(Act fob. Sh, 1938)
War finance Corporation
Total.
Special Obligations
Held by Treasury!
federal Savings and Loan Assn.
Beconstructlon finance
Corporation
Home Owners' Loan Corp
U. 8, Housli:g Authority
Tennessee Valley Authority...
federal fam Mortgage Corp...
3.602.3
figures
this table are rounded to nearest tenth of million and
will not necessarily add to totals.
Zzcludlng Inter-egency transactions.
Less than $100,000.
Orand Total.
263,6
It6.0
2.6
-
15.0
150.0
200.0
100.0
I2U.7
1.0
200.0
121.1
70.0
IU9.O
120.0
U9.6
13.2
2.2
5.0
lU.2
3i*.l
.1
22.0
32.2i/
.2
1.12/
.1
10.0
12.0
7.0
25.0
1/
2,012.9
Total.
Total.
500.0
100.0
3.8
12.9
1(0.5
.6
.3
652.5
262.1 2/
87
Sources of Funde of Certain Governmental Corporations and Agencies
for the First 5 Months, Fiscal Year 1940
(Compiled from latest reports recelred by the Treeeozy)
88
Uses of Funds of Certain Governmental Corporations and Agencies
for the First 5 Months, Fiscal Year 1940
(Compiled from latest reports received by the Treasury - X^enaltures on basis of checks issued)
39
Sources of Funds of Certain Governmental Corporations and Agencies
from Inception of Organization to November 30, 1939
(CoBplled froB latest reporta received by the Treasury)
30
Uses of Funds of Certain Governmental Corporations and Agencies
from Inception of Organization to November 30, 1939
(CoBpiled frOD latest report* received by the Treasury - SD^endituree on basis of checks IssTted)
31
Principal of Outstanding Obligations Guaranteed by the United States
(la llllons of dollars - coapllad froa rsporti raselTad tj tha (reasniy)
Ind of flieal
T*»r or Bonth
THE
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
32
33
Net Capital Movement between the United States and Foreign Countries
1935 through October 1939
c/)
3
o
o
a.
\J
35
Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for October 1939
36
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for October 1939
(In thousandi of dollars)
Assets as of
follovlii^ datOB
Dnltsl
KlngdoB
Traofis
Ocraanjr
Italjr
66,31l»
13.3'W
62,7Uo
12.6I»2
62. '•57
U,692
U,776
H«tharlands
a«lti«rland
Othar
Koropa
Total
laropa
Caaada
Latin
Aaarlea
Tar
last
IU.03I
115,008
111,809
11,868
12,082
506,
170,1*56
U,291
55'».079
111.991
111,800
172.638
175.603
11.883
11.355
55'*, 821
3,1*7
U.080
3. 817
3.633
3.270
2l»,l*23
1,020
928
1,072
92.997
1,01*8
92,'*9't
1,2U8
90,368
All
other
Orand
total
TOfiLL SRORT-TEBM
lOBIiaB ASSKSl
Oct. U
Oct. 11
Oct. 18
Oot. Z^
Hov. 1
TOTAL ASSITS FATABLI
IB rOEXIOB CUEEEHCaS:
Oot. k
U
Oct.
Oct. 18
Oct. ^5
»0T. 1
.U96
S.127
9,2lA
8,669
9.333
8.552
63,016
7.301
38,511
1,716
1.293
l.lAl
I.07U
756
68,596
'•3.823
'<«.?95
kz.ms
U2,350
60,653
59.525
1*99
1*85
665
Stl
628
12,009
1,151
1,086
1.017
995
1,002
9.265
9.507
9.577
9.329
9.079
3.593
3.980
1A,135
208,232
'•7.35"*
213, '•88
"•.IT*
"•5.979
'•8,523
1.9.62&
211*,
2.698
2.U31
2,518
788
678
727
2,81*7
6i^9
2,561
5W
1*1*5
3.866
3.878
60,073
55.86U
3U3
207,195
1*7,31*1*
20l*,U32
53.01*2
3.815
3.765
3.772
3.391
3.286
'•9.178
lit, 929
53.551
57.135
13.790
11,658
52.01*5
12,1*22
11,61^1
1.521
1.530
30.1*65
51.131
51,11'*
109,1*63
110,61*5
23.953
23.078
a2
502,706
556.232
96.n2
97,Ul'i
Banks own deposits
abroad:
1*
Oot.
Oot. 11
Oct. 18
Oct. 25
Ho». 1
Bsposits abroad for
acconnt of doaestic
clients:
Oct. k
Oct. 11
Oct. 18
Oct. 25
Hov. 1
25,03U
29.397
31,872
27,880
26,789
1,232
895
1.034
79
63
1,920
1.757
2i*6
1.81*6
593
385
a8
2,U3l
201
2,071*
392
398
397
399
U03
97U
87
92'^
82
8U
88
129
28
2U
22
126
122
5,052
295
261
6.798
6,155
6,521
271*
8,1»25
189
135
2U7
250
879
8l«8
810
628
502
usu
387
27
55
52
52
i.37'^
970
953
127
36.903
32.609
31*.
10,263
10,083
7.777
8. '•70
30,81*9
7.61*6
7.522
7.908
9.178
8.501
8.8U3
2,077
1.223
99
69U
712
671
691
592
588
328
358
133
178
173
113
102
1.599
l.5«?
l.70«
1.709
1,662
11,191
511
880
608
1.321
1.113
1.3'*7
89
579
991
1,1*1*0
651.
1,1*25
593
2.572
2.573
2,281
2.313
2,019
'•3.859
'•7.703
19.762
19.757
19.757
19.670
19.715
29. '•78
U7.607
1A.755
1*1,678
29.536
30.90't
30,296
30,607
Other assets payable
in foreign correnclesl
Oct. 1»
Oot. 11
Oct. 18
Oct. 25
Hot. 1
TOTAL ASSETS PAIABLS
IH DOLLABS:
Oct. k
Oct. 11
Oct. 18
Oct. 25
Hot. 1
Loans to foreign banks
Oot. U
Oct. 11
Oct. 18
Oct. 25
Hot. 1
8,886
8.325
8,Ul3
9,0l4O
23,830
23U
121
2U,112
7.528
7.376
7.892
2't.773
OW
7. '•78
20,666
6.5'*5
10.509
10,629
11,173
9.7U5
7.930
1.382
1.319
682
22,
916
78l»
2U
2,81*7
U,526
2|!t84
2,621
11,051*
2.53'^
10.935
2,512
2,570
2,6l8
1.658
11,1*39
1,561*
2't
132
65,815
62,255
61,792
60,012
58.897
12.189
11.556
10,675
10,781
11.007
6,567
7.076
7.059
2.805
3.302
1*0,320
159. 05U
1*5,11*1*
107,581*
•3.589
6,1*82
3.217
3.330
'•2,207
1*5,132
'•6.338
159.927
157.208
155.150
153.301
1*2,071*
3.'i51
105,383
106,828
108,358
108,530
29.253
29.530
26,268
25.253
25.697
U,8l45
939
S16
851
900
523
605
8,862
ll.OOU
55.8U7
53.088
18,138
1U,912
10,271
ll»,0l*8
9,1'*7
.91*7
12,51*8
l.OOl*
1*92
9.668
9.996
^•9.676
20,866
18,758
21,561
20.559
18,976
5.738
5.696
3.09I*
5.819
3,211
3,000
2,909
3.055
1,830
2.130
2,298
2.372
2.302
15.696
13.967
13.963
lU,200
1,606
2.53'*
1.55'^
3.0U9
3.208
2.673
2. '•59
536
'•,306
3.7'^9
3,801
3.875
6,518
261
57.67'*
35.686
38,692
I*l,li01
13.585
8I9
1.003
19,660
19.073
18,903
1,166
18,083
90,585
87,856
10, 81*8
11*6,72'*
10,219
10,835
10,107
'•13.215
1*06,394
1*56,665
1*62,327
2,089
1,623
1,696
1.363
1,3'A
11*9,292
152,525
91*1*
17,
11,151*
13,182
55.921
12,851*
112, 308
12,205
12,892
lll*,8l*l
202
726
776
788
n't, 966
181
30,276
29.532
2,670
29,31*8
2.998
57.1*26
1*65,
W3
86U
lU5,66l
11*2,1*15
189.297
191.329
191,300
Acceptances made for
foreign banks:
Oct.
U
Oct. 11
Oct. 18
Oct. 25
Hot. 1
3.072
2,95'*
2,883
2.852
3,006
2,8U7
2.838
2.861t
10,21*9
3.729
3.7'W
2,920
2.759
5 '•10
5.6*
8.91I7
:s .5'^8
9.805
U7, 91*11
Uio2U
3.990
10. 534
1*7.785
1*,210
29.263
U,l*98
l*7,2it7
"•.135
28,1*87
2!l*U9
1,201
1.253
983
962
1.059
1*52
23,121*
23,023
23.138
63,260
62,669
6U,626
66,890
67.151
9,l*U5
23.638
23.255
21*. 930
57.390
57.705
56.176
30,1*89
567
635
29.517
9.175
8,U60
9.085
8,867
1*5.817
2,1*18
83.9>»7
81.775
85.263
8l*,811
83.377
Other assets payable
In dollars:
Oct. k
Oct. 11
Oct. 18
Oct. 25
Hot. 1
11,190
9.953
9."* 56
9.898
3.6l*6
3.23?
3,10U
l>»,22>t
1.516
1.336
1.313
581*
2>*,8>*lt
56,1*18
21,1*25
21, 936
56.378
23,681
31,1*18
31,860
35.110
183. 607
182,201*
182,105
186,187
191,187
37
Security Transactions as Reported by Banks, Bankers, Brokers
and Dealers in the United States for October 1939
(In thousand! of dollars)
Unlted
Traniaotloni daring
veek anded-
TOTAL FCSCHASIS
IN TEC UHITES STATES
nR lOBIIOI ACCOUITi
Oct. U
Eln^oB
,
U
Oct.
Oct. 18
Oct. 25
Sot. 1
,
Purchase e of
domestic eecurltles:
Oct. 1*
Oct. 11
Oct. le
Oct. 25
Not. 1
Purchases of
foreign securities:
Oct. k
Oct. 11
Cot. 18
Oct. 25
Hot. 1
TOTAL SALES
15 THE UNITU) STATES
JOB TOSEIOB ACCOUHT:
Oct. U
Oct. 11
Oct. 18
Oct. 25
,
,
,
,
,
Not. 1
Sales of
donestlc securities:
Oct. U
Oct. 11
Oct. 18
Oct. 25
Not. 1
Sales of
,
,
Oermany
Italy
20
11
208
1,301*
19
211*
1,821
2,083
12
35
78
635
l.USlt
1,01*8
13
661
796
1.275
1.277
2,28U
888
1.700
1.868
11
8
20
192
27
199
23
36
375
299
U19
330
167
7,110
170
U16
121
215
12,281
8,2U6
7.313
13.316
10.173
1,1(08
11.651
1,829
960
1,215
1.605
l.UUU
8,158
7.61*8
6.863
12,836
9,SU9
foreign securities:
Oct. U
Oct. 11
Oct. 18
Oct. 25
»0T. 1
Tranca
630
598
1*50
USO
32U
2,1151*
6
7
5
8
1*
15
*?
16
58
15
55
599
iito
1.536
1,603
157
29
80
32
66
1,322
2.837
1.132
157
2U
77
llfO
3.033
1.11*9
86
91
51
162
8U
62
Other
arope
2,221
2,208
1.657
1,962
3.1*12
2.521*
3.802
2,0U
2,1*21
1*.083
2,127
8,1*83
I*,
285
1.3«5
2.835
1,810
18,372
11.531
iit.277
12,598
12,511
Canada
Latin
Aaerlea
3.553
2.285
2.263
2.699
3.076
1.665
1.820
1,169
1.768
2,262
2.195
1.707
1,181
1.373
836
Tar
laat
2,2^1
3.311*
I.06U
2.915
2.509
othar
Orand
total
172
191
288
201
150
25.993
83
135
15,01*2
16,1*70
79
95
75
15.992
17.178
17.017
89
56
209
106
10.951
2.671
3.069
3.003
75
3.1*91
29.852
23.825
19.566
19,11*1
19.061
20.181
20,508
2,101*
3.052
3.596
8.161*
1.599
1,&79
1,005
10,157
12,671
1.71*5
3.811
3.681
1,81*4
10.1*06
1.1*29
2,38i*
1,36U
10.1*81*
2.'»55
1.622
2,098
3,098
977
2.796
2.381
360
206
319
925
532
380
8,887
I.37U
1,606
2,192
2,027
.358
578
U8U
133
1*1*7
a6
831*
333
271
21.707
16,878
14,965
22,175
19.051
3.729
2,753
2,804
3.652
3.060
1.312
1.519
2,898
2,1*96
206
179
638
1,250
1.067
1.906
1,U68
92
25,625
3.293
2.307
2.523
3.251
2,807
1.0?9
1.341
2,862
179
161
27.1*53
2,1*69
539
1.059
1.891
?°
lUl
17.995
26,939
23.097
2,238
91*
lOl*
1*9
217
183
1*71*
'6
1*02
9,1*85
2,991*
1.786
1.531
1,260
1.552
1.596
2.813
1*.231
1,1*13
3.021*
1,210
2,822
1,215
2,800
2,582
2,623
1,31*6
20,020
1,010
15,1*1*1
1,1*21
13.781*
3.077
1.330
3.113
221
2.891*
1,1*01
3.8l»5
30
2,650
2.122
2
255
115
196
17
89
1
191*
11
W7
531
271
385
386
92
132
163
902
1,020
1,029
20,669
17.253
185
250
131
393
181
1.687
81
157
,
,
Total
Soropa
I.6O8
TOTAL PUEOHASBS
EXECOTED ASBOAS 70B
DOMESTIC ACCOONT:
Oct. It
Oct. 11
Oct. IS
Oct. 25
Not. 1
Svitiarland
1.1*1*9
1.W7
1,511
Hetherlanda
85
109
IU5
2
315
621
i.i»37
1*46
1.181
1.506
1.798
281
1*01
253
lit
1,600
162
87
1*85
112
IU5
538
567
1.1*97
61*0
1.95"*
987
1.510
213
178
99
263
U4U
87
119
128
29,121*
1.1*38
27
18
2
26
a. 719
2.399
2.106
1.571
2,185
2,528
1.783
236
lU
71*2
Porchasee of
domestic securities!
Oct.
Oct. 11
Oct. 18
Oct. 25
Not. 1
Purchases of
foreign securities:
Oct. U
Oct. 11
Oct. 18
Oct. 25
Hot. 1
,
,
,
,
21
6
28
52
101
223
162
U05
213
162
1*3
60
66
69
Not. 1
Sales of
22
6
28
52
101
J
109
233
182
UO8
1.598
157
1*85
529
502
659
1U7
11*3
6
a9
161
20
186
91*3
domestic securities:
Oct. U
Oct. 11
Oct. 18
Oct. 25
Not. 1
Sales of
foreign securities:
163
38
1*1*
TOTAL SALI3
EXXCUTED ABSDAC 70B
BOKESTIO ACCOUNT:
Oct. U
Oct. 11
Oct. 18
Oct. 25
Oct. 1*
Oct. 11
Oct. 18
Oct. 25
Not. 1
26
135
20
lU
1.620
193
513
595
633
892
329
553
387
1,129
22
7
u
,
223
162
388
206
162
J
6
20
233
182
388
212
182
30
32
892
^5?
913
329
531
380
1.095
38
Security Transactions In Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers In the United States for October 1939
(Xa thouftandt of dollart)
Traasactloni
daring ve«k AndAd-
Thiltad
KloedOB
rrase*
Otrmanj
Italj
laths rlandi
Svlttarlaad
Othar
laropa
Total
Inropa
Canada
fOtiL FOBCBASU
II TEI Wn'HD 3UIXS:
Oct. k
Oct. 11
Oct. 18
Oct. 25
lOT. 1
Porchaaee of
doneatlc sacurltlea:
Oct. U
Oct. 11
Oct. 18
Oct. 25
Hot. 1
128
106
65
59
50
20
35
27
91
k
128
106
73
56
90
3
Ul
i
213
'I
127
203
6e
132
12U
131
15
17
18
77
l«8
iWt
20
20
10
28
20
81
Porohasee of
foralgn secorltles:
It
Oct.
Oct. 11
Oct. 18
Oct. 25
Hot. 1
lOTAl SALIS
IS THE tnriTEII SIATZS:
Oct. U
Oct. 11
Oct. 18
Oct. 25
BOT. 1
S&lag of
dooaatle secnrltlaa:
Oct. 1»
Oct. 11
Oct. 18
Oct. 25
Hot.
1
61
56
9
22
3«
1.315
721
76
28
12
i.ste
1
7011
51U
25
105
183
810
83
1.230
598
6U1
1,210
739
51U
25
105
181
78
13
'I
1.925
761
8U2
l.'»59
93«
13
.757
626
750
,U2U
II
860
Salea of
foralgn securltloB:
Oct. U
Oct. 11
Oct. 18
Oct. 25
>0T. 1
85
106
80
32
71
76
28
12
168
135
1
35
78
92
303
183
U36
715
861
Latin
Aaarloa
far
Xaat
111
othar
Orand
total
39
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thousands of dollnrs)
Transactions
during
40
.
41
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers In the United States for October 1939
(In tbouiaoda of dollara)
OoTTcae/ efTrantaetlone
daring
veek «ad«d-
Unitad
Elngdoa
PDBCHiaiS:
Oct. U Spot
Oot. k Torvard.
1*8,179
27,
3.311
201
Oot.
Spot....
Oct. 11 Torvard.
I*2,3lt0
31,790
2,588
152
Oct. 18 Spot....
Oct. 18 Torvard.
29,011*
2.51*7
23,268
173
Oct. S5 Spot....
Oct. 23 Torvard.
32.162
2,027
219
Hot.
Hot.
1*5.75^
32,1*88
frano*
a^rnaay
•ther- SvltierIttlT
Imd
Other
Total
nrop*
>t>rop«
VmL
599
72
l*.936
U,3l*o
'I
526
88
130
332
71
11*7
2,052
37,675
18.72U
3,00l*
Oct. 11 Spot....
Oot. 11 Torvard.
35. 37'*
2.220
IU5
52
25.259
Oot. 18 Spot....
Oct. 18 Torvard.
23.220
2,078
86
l'»,938
lUl*
Oot. 25 Spot....
Oct. 25 Torvard.
2U,5ll0
1.881*
20.005
151*
oT,
35.608
1.998
23.9^
39
10.501*
U
1 Spot....
1 Torvard.
Porchaaet from bankal
Oct. U Spot
Oct. h Torvard....
1 Spot....
1 Torvard.
Hot.
a6
27,91*6
166
2,122
55
3.161
1,591
161
2.571
1.072
2,866
1,675
l,06U
2,1*81
11*2
1*70
518
75
3.187
1,118
1,378
151
2.380
575
125
272
76
3.391
1,516
1.898
115
'•^^
56
1*3U
l*.6l*5
61
2,052
2.073
UO
3.030
580
387
65
3.721
1.551
1.551
119
2,1*71*
290
56
2.767
918
1,019
2,111*
lltO
269
60
1*08
2,71*0
2.2>*7
75
689
1,337
132
88
187
65
2,885
1,152
1,830
57
2,278
810
307
30
110
165
291
1.203
1*9
131
15
201*
Ul
1*0
97
32
171
1
3.255
2.835
781*
i.oiio
1*32
ToroliaaoB froB euatoB-
era other than bankai
Oot. U Spot
Oct. U Torvard
8,%2
U
Oct. 11 Spot
Oct. 11 Torvard
6,966
6,531
368
7
3
139
23
Oct . 18 Spot
Oct. 18 Torvard
5.791*
1*69
1*1*
1*2
8,330
29
Oct. 25 Spot
Oct. 25 Torvard
7,622
7,9'H
1U3
65
87
10,11*6
37
8.539
5U
15
TOTAL SALES:
Oct. k Spot
Oct. U Torvard
••7.996
3.267
131*
28,698
U9I*
1
Oct.
Spot
Oct. 11 Torvard..
U
39,271
2.510
90
31.21*5
81
Oct. 18 Spot
Oct. 18 Torvard..
30,l6U
23,202
2,U6U
169
Oot . 25 Spot
Oct. 25 Torvard..
3l*,6U2
2,31*9
1 Spot
Hot.
Hot.
1
Hot.
Hot.
Torvard
1,2W
1*2
99
757
U5
15
110
1*1*7
1*1
U29
19
'I]
506
36U
68
58
178
159
506
39
i*,173
1.685
272
2,822
705
1*1*5
3,366
53
3.'<93
1,686
173
2,702
1,517
95
31*8
2,627
35
2.a6
917
216
2.351
11
138
1(03
2.155
2.372
1,617
230
2.565
135
272
2,065
2,850
1,811*
2.52^»
220
1.066
2,777
2,609
1,287
230
8
25.659
251
1 Spot
1*3,302
1,77'*
1 Torvard.
33.855
63
36,869
2,1*87
33
31*0
li*,3it«
359
1
37
32,1*30
265
38
2
2,
983
172
177
19
1.693
1.522
637
216
236
1,681*
1,267
Salea to hanln:
Oct. >l Spot....
Oct. k Torvard.
21
Oct. 11 Spot....
Oct. 11 Torvard.
1.667
Ul
18
19,31*1*
Oct. 18 Spot....
Oct. 18 Torvard.
22,660
1U,017
1.778
12U
21
Oct. 25 Spot....
Oct. 25 Torvard.
27.509
16,927
1.230
197
22
or.
1 Spot
1 Torvard.
33,598
22,548
1,026
22
30
Salee to cnetomera
other than hanka:
Oct. U Spot
Oot. U Torvard.
11.127
IU.350
780
135
Oct. 11 Spot
Oct. 11 Torvard.
6.8U1
11.901
8U3
Oct. 18 Spot
Oot. 18 Torvard.
7.501*
686
9.185
1*5
Oct. 25 Spot....
Oot, 25 Torvard.
7.133
8.732
•"52
1 Spot....
1 Torvard.
9.70U
11.307
Hot.
Hot.
Hot.
U,l2l*
2
1.675
11*8
131
10
1.507
1.737
l.UlO
200
101
166
2
1.396
1.515
398
72
180
15
822
1,080
703
71*
171
16
93U
69U
116
167
8
U7I
697
350
82
105
lUl
11
558
1,113
l«3l*
llO
71*8
1*1
11
U2
1
20
367
201
1*59
LstlB
iaorloa
hr
iMt
ill
etb«r
Orand
total
42
Outstanding Forward Exchange (Contracts as Reported by Banks
and Bankers In the United States during October 1939
(la thoasandfl of dollaxa)
C11XT6OC7 of-
ContrEkCti ae of
following datoB
OBlt«d
IlB^oa
Traac*
Oaimmf
letherlaada
Svltterland
192
18U
183
198
209
18,966
2,01*8
19,1*18
2,028
2,069
Italy
Othar
Total
orop*
nropa
Oaaada
latla
Aaarloa
Tar
last
All
other
Orand
total
TOIIL FDBCBA5E COHTBACTS:
Oct. k
Oct. 11
Oct. 18
Oct. 25
Hot. 1
291.175
295.728
291.071
279.971
270.079
Contracts for prurchasei
from foreign custoserml
Oct. "
Oct. 11
Oct. 18
Oct. 25
Hot
1
Contracts for purchaees
frOB doDOBtle cnetomerat
Oct. k
Oct. 11
Oct. 13
Oct. 25
Hot. 1
TOIiL
aiUS COHTBACI81
Oct. U
Oct. 11
Oct. 18
Oct. 25
Sot. 1
l.9'»8
1.965
1.950
2.052
1.^90
20,U67
20,558
19.890
2,01*3
7.328
8,011
8,385
8,117
1.776
7.3''5
'33
l»U7
2,108
2,008
2,051
1.936
386
1.1*67
1.615
I.6U3
1,622
1.596
1.390
5.220
6.003
8.858
9.870
10,278
78,825
80,191
76,023
71.083
70. 33^
a6
278
227
216
160
10
11
11
11
12
5.518
5.339
5.855
6,201
5,120
a2,350
1.732
1.687
1.723
1,836
I.U30
182
173
172
187
197
13. "As
2U,26l
23.755
3.188
25,1*05
3.159
3.259
3.150
215.537
215, 0U8
208,888
199.7'»5
326,009
332,860
326,358
312,916
300,732
3.9't5
269
3.600
i»55
3,>»66
272
278
281
93.816
92,125
88,509
82,667
81.351
2,552
2,189
2,031
1.933
1,624
232.193
2l«),735
1.^93
l,Ull
237.8U9
l.'t35
230, 2U9
1.580
1,185
3.513
2,809
l't.079
lU,6l2
l't.357
lit.
no
6,33'»
6,181
5.878
321.657
327.33ft
32ft. 125
312.939
300,889
87.110
88,212
8l*,6lU
79.89ft
77.ft79
23ft. 5ft7
239,122
239. 5U
233.01*5
223, UlO
98,562
93.158
90,788
85,0U7
80,602
l.ft75
6,833
6,129
6,921
7.522
8,286
896
896
896
821
1,044
91.729
87.029
83.867
77.525
72,316
579
1,474
l.ft7ft
1.150
1.536
95
95
fti9.i53
7.781
12
102.632
80
83
lOft,377
8.589
6.TI3
7.175
101,020
9ft.950
93.98ft
492
10,ft93
2.383
2.382
2,383
2,065
2,441
20,026
20,230
18,368
18.332
16.975
727
60
60
6,025
6.23?
5.776
170
5.053
51
51
51
51
14,001
13.993
12.592
12.758
11,922
557
9
9
9
9
9,681*
9.035
3ftl.l95
1.887
I.70U
1.730
1.776
1.769
5.995
6.076
6.358
5.663
6,038
lli*,236
36.98U
111,273
37,7ft5
108.81*6
3ft.
102.721
33.383
31,484
2,148
2.151
2,148
1,830
2,224
1.301
1.336
2,863
252.31ft
3.79it
15,01*9
i.iwig
1,1*83
15.233
1,381
3.920
U.021
2.997
262.327
260,12)
252,664
66,959
60,924
59,688
56.590
53.273
235
231
235
235
217
400,790
9.1ftO
12,921
12.357
11.661
13.209
103,943
98,669
94,284
89.973
8ft. 757
25.717
25.185
73ft
578
578
366,550
373.600
368,969
355.385
3.01*0
443,130
443.543
436,720
20,702
21,497
20.250
19.922
17,668
722
80
83
95
95
60
60
340.498
339.166
335.700
324,203
306 8O6
.629
49U.941
494.
484,064
465,815
445,428
Coatraeta for sale
to foreign cnstonerat
Oct. k
Oct. 11
Oct. 18
Oct. 25
Hot. 1
Contraota for aale
to dODSetlc coatomerat
Oct. 1»
Oct. 11
Oct. 18
Oct. 25
Hot. 1
219,381
9.9'*3
9.152
10,191
10,668
9.952
13
13
233
'•35
252
271
275
lU.Jlg
1U.603
15.214
100.7ft3
240,1*52
596
_L
Net Position In Foreign Currencies of Reporting Banks and Bankers
In the United States for October 1939
5.57ft
159.563
157.457
151.417
143.559
139.555
33ft.o66
337.ft8ft
332.647
322,256
305.873
OTHER
MONETARY
-43-
STATISTICS
44
Gold Assets and Liabilities of the Treasury
(In mllllone of dollare - on baals of dally Treasury Btatemeiiti unreTleed)
nd
of calendar
year or south
45
UJ
CM
m
to
52
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CO
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46
Components of Silver Monetary Stock
(Xa BllllonB of dollara - on batla of dall/ Treasury Btataaoata, rarlaad)
47
Net Movement of Silver to and from the United States
(la thousand* of dollars - as reported bj U. 3. Departasnt of Coomarce)
Set iaports from or net exports (-) to:
Calaadar 70ar
and Bonth
United
Kln£doa
isi^
1935
1936
1937
1938
1939
Other
Inrope
36.521
190
2'»5.133
2.>t57
53.393
34,120
13U.26U
12,381
Canada
856
-25
15.396 2/
-656
Nazleo
21.995
58.325
29.925
V),203
l2,lU7
5.U16
6,798
10,915
7.078
Chile
Oxiba
111.715
-3.780
-5.611
-8.951
.550
,920
.OiK
-7. '•51
-l*,3U2
31.597
Peru
Other latin
laerlea
381
-1.228
2.738
968
696
851
3.906
10,199
7.'W8
6,786
7.381
6.513
36
708
239
739
U91
759
219
236
28U
U9U
57U
223
321
252
611
2.858
3.178
193«-Dec..
17.075
31
7U2
1.876
-1,200
1939-Jaa..
Teh..
Mar..
5.105
U.OS^
32U
20
U85
372
5U7
2.737
2.635
3.112
-1,2U3
-1.093
-750
i^ir..
l.ioi*
3.191»
1.017
3.038
19
13
12
263
Nay..
June.
5>»5
3.225
3.702
-1.250
-492
38
17
S8
July.
Aug..
Sept.
U3U
-iW5
15
17
-93
799
775
786
1.6U1
5
11
15
67
210
I2U
5U8
361
123
Oct..
KOT..
-1.1*30
-97
-157
503
596
508
2.607
2,382
2.263
3
I3U
-3
71
597
3UU
1*7
28U
336
135
-5W
-135
-90
Dec.
899
-It09
2.326
7
ItOlt
let lq>arta froa or net exports (-) to:
Calendar year
and Bonth
British
India
-338
188
3.O2U
193'*.
19351936.
19371938.
1939.
Bong
Kons
China
21.967
£27
69.996
5.61U
.
1939-Jan.
Teb..
Mar..
303
gUl
2.IUU
1,271
2,930
3.U6J
>»,23'»
13>.
3.22>t
3'«2
50U
10.808 U/
1,960
118
he
433
617
672
Total net
iBports or
exports (-)
86,17U
335,730
170.851
79.835
223,449
70.677
204
250
270
630
502
1U6
U32
160
13H
8
UU
8.6$l
7.874
5.284
588
270
326
217
121
228
25
5.089
5.540
1U,U67
635
155
161
216
IU9
55
158
75
89
4,891
3,428
UI5
155
127
87
-11
5.495
3.696
2,908
-35
-203
2.M0U
Oct..
Hot..
Sec
All
Other
1*13
5.319
July.
Aug..
Sept.
Other
Asia
61
86
Apr..
May..
June.
1/
2/
3/
4/
2.873
6.787
61
7.725
150
-73
193g-Dec
Ji^an
-257
20,189
I
95
]l
l40
3.3't7
Less than $500.
Includes set Isport of $12,950,000 froa rraaee.
Tlgures for lor. 1938 Include net laports froa Trance of $>t,301,000.
Includes net Import of $9,791,000 from Slam.
Seigniorage on Sliver
(la alllloBe of dollars - on hasls of Oaiiy Treasury stateoentt)
Sourcee of selgalorage on silver hulllon roTalued 1/
CumlatlTe froa
Jan. 1, 1934
to end of calendar
year or aonth
Seigniorage
on sllTer
and ainor
colne
Nlee. SllTer
levly-alned
Nevly-Blned
(lael. SllTer
sllTsr (Proc.
SllTer (Act
bullion held
Dec. 21, 1933) July 6. 1939)
June 14. 1934)
48.7
48.7
1934...
1935...
1936...
1937...
1938...
4.5
18.5
46.1
1939-J«n.
Tab..
Mar..
69.9
70.2
70.7
48.7
48.7
Apr..
May..
June.
71.0
71.9
73.4
I16.
July.
Aug..
Sept.
74.7
76.1
80.1
1(8.
Oct..
Hot..
82.9
86.3
91.7
U8.7
Dec.
1/
69.5
"MS.
l«.7
48.7
48.
48.
48.
48.7
'•8.7
4«.7
SllTer Purchase Act
of June 19,
1934
latlonallsed
ellTor
(Proc. of
Aug. 9. 1934)
Total
seigniorage
on ellTer
roTalued
Potential
seigniorage on
SllTer bullion
at cost in
Oeneral fund
16.8
36.0
58.0
74.9
226.2
302.7
366.7
457.7
3''-5
128.7
326.2
3". 7
1122.1
137.5
276.7
398.4
34.7
508.
5'»3-9
3'».7
616.0
773-9
76.0
77.4
79.0
468.0
473 1
4ao.3
34.7
34.7
627.4
790.0
809.8
825.1
80.1
81.2
82.9
486.8
493.1
501.6
34.7
34.7
650.3
657.7
667.9
844.0
859.7
879.0
8U.3
85.0
85.3
509.5
514.7
519.3
3't.7
677.2
683.1
688.6
897.6
914.5
86.5
87.1
87.3
523.0
526.6
530.7
34.7
69U.4
699.7
705.6
933-3
961.7
950.6
.4
28.5
1:1
4.2
3''.7
3'*.7
3|'.7
3'».7
3''.7
3U.7
926.
These Items represent the difference between the cost Talue and the aonetary Talue of silTer bullion reTalued and held to secure sllTer
certlflcatee.
48
Value of Selected Currencies In Terms of Gold
1928 = 100
Monthly aTera^ of dall/ qootatlons
49
Balance Sheet of the Exchange Stabilization Fund
Juia 30. 1939
Septecber 30. 1939
Catb:
Treasurer of the U. S., Gold..
Treaeurer of the U. S..
Checld D£ Account
federal Seeerre BanJc of
Hew Tork Special Iccount
Diahursla^ Offlcera' Balances
and Advance Account a
.
.
.
$1,800,000,000.00
$1,800,000,000.00
1.598.137.07
1.617.677.95
loi*,567.67i*.90
25. 629. 31*1*. 51
3,185.31
Special Accounts of Sec'j of
Treasury - Ted. fies. Bk.
of ». T.:
Special Account Ho. 1
(Sold)*
Due from foreign Ban]a
(foreign Xxchan^)
francs
Belgas
Sterling
Central Bank of Chink
(Secured Deposits)
65.229.995.53 Tuan (Oold held as
collateral $19,379.015.66)
65.235.351-50 Tuan (Oold held a*
collateral $19,379,015.66)
lavestmente
- D.
S.
Treasury Bonds**.
Accrued Interest BecelTahle**
Other Accounts - Deferred Charges.
Comaodlty Sales Contracts
Charges)
( Deferred
Total Assets.
$1,906,168,997.28
16.701.01*
16U,281,197.28
8U. 635. 1*22. 59
1*5. 6U
505-3^
2,992.62
81. Uq
2.220.3!*
U2,225.0l»
19,112,500.00
$1,827,263,723-50
19.157,026.87
19.181,702-38
19,185,2U5.98
5,026,562.50
5,806,151.26
1U,796.8S
9,9U«.6l*
15.00
11.786.68
2,636.00
2.636.00
»2, 015. 032. '•57. 12
2.016,560,689.3'*
2,000,000,000.00
2,000,000.000.00
LIABILITIES ABS CAPITAL:
Capital Accovint
Accounts Payable
Touchers Payable
Due to foreign Banks.
Samlngs**
-
less Qeneral Ixpeaae
Total Liabilities
anA C^>ltal
See Schedule 1.
See Schedule 2.
See Schedule 3-
12,211.39
320,722-83
332.93't-22
15. 032, '•57. 12
16,227,755-12
»2, 015, 032,1*57, 12
$2,016,560,689.31*
50
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule #1
Special ^cffiut #1 - Sold
Scbtduls ahovlng location of Sold held
\>y
ai>d
for account of the Izchao^ StaMlliatlon TuxtA.
MISCELLANEOUS
-51-
52
Commodities Imported imder Quota Provisions During
Quota Periods Other than Calendar Years
(
IThlte or Irish
potatoes
PrellmlDATy figures)
53
Summary of Criminal Cases in the United States
District Courts
Alcohol
Tb-X,
Cuetoms. Narcotics. Secret Serrice and Internal Revenue 1/
for the month of Not. 1939
INVENTORY Or CASKS
y^
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1940
c.2
Treas.
HJ
10
.kl
US.
Treasury Dept.
AUTHOR
1940
Treasury Bulletin
/
@FedFRASER