Full text of Treasury Bulletin : July 1939
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y Copy N o. TREASURY OePART»^^»*^ :> R3FER3NCE To be used in Treasury • BULLETIN OF THE TREASURY DEPARTMENT JULY 1939 Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics LIBRARY TREASURY DEPARTMENT OFRCE OF THE SECRETARY ^OOM 5030 JUN 9 1 1972 Library BULLETIN OF THE TREASURY DEPARTMENT JULY 1939 Analysis of Receipts and Disburseinents Composition of the Public Debt Capital Movenients and Monetary Data Other Treasury Statistics TREASURY DEPARTMENT OFRCE OF THE SECRETARY Table of Contents Receipts and Kxpendltures Placal Years 193'+- 39 Expenditures by Classeo, Recelnts by Sources . Social Insurance Accounts 2 3-* 12-13 Cash Income and Outgo Ik General Fund and Public Debt Composition of the General Fund Composition of the Public Debt 17 Ig Net Market Transactions of Treasury Investment Accounts IS Holdings of Oovernment Obligations Computed Interest and Yields on Public Debt Issues 18 20-22 Oovernment Corporations and Credit Agencies Assets, Liabilities and Proprietary Interest Sources and Uses of Funds Issues Outstanding . . SU- ?5-26 27 Financing Operations 27 International Capital Movements Summary Table Short-term Foreign Assets and Liabilities . Security Transactions and Brokerage Balances Transactions In U. 3. Domestic Securities Foreign Exchange Transactions Other Uonexary Data Exchange Stabilization Account Oold and Silver Stocks Silver Production, Movements and Seigniorage Foreign Exchange and Price Data 29 31-32 33-3''- 35 37-3^ UO-U-1 hZ-k-J UJ4— U-5 '^'^7 Miscellaneous Commodities Imported Under Quota Law Enforcement Statistics '^9 50 FEDERAL RECEIPTS AND EXPENDITURES Sununary Table on Receipts, Expenditures and Public Debt (In fflllllons of dolLara - on ^aela of dally Treasury •tatononta, unreTtaed.) Monthly Receipts, Expenditures and Excess of Expenditures (In milllonB of dollars - on tjaals of dally Treaeury etatements. xuu'avlsad) Jan. ReeeiptB I93U... 1935-. 1936... 1937... 1938... 1939. •• Sxpendl tores 193^ 1935 1936 1937 1938 1939 ai 203 228 2gU Tey>. 206 21U 218 275 531* 693 1(20 bOl 752 ,011 960 737 335 308 720 kss 538 588 Mar. 9 31* 531 Usg 613 528 662 580 57U 6Wt 815 752 879 Apr. May 182 228 237 231 256 335 375 397 3b3 273 268 2i»6 Juna 391 U63 529 868 77U 613 6i»3 U83 596 693 56i 569 7U5 1.295 937 973 557 2U6 350 252 395 hn 1*37 .909 229 U27 163 360 785 6I»8 II] 786 858 2,1*38 July 218 279 29U ATie. Sept. 286 299 1*1)9 1*21 1*99 Oct. Dec. 260 235 272 333 332 2U7 233 327 382 517 866 70U 598 535 678 6U7 637 728 680 870 351 301 336 172 296 262 203 211 -186 166 it09 453 311 1*87 611 616 6bl 677 763 561 51*1* U38 592 558 683 588 683 702 765 790 8O5 681 612 771 275 139 2U9 105 196 95 167 18U -86 530 570 U09 279 51* 1*39 788 711 Bov. 231* 69 1*9' J9 ExoasB of axpanditores w* 509 1935 1936 1937 1938 1939 285 310 30U 199 385 Hote: 728 317 271 338 179 2U5 160 -27 -108 -196 -208 11*2 U62 39U 370 5I8 igi* 3U8 393 337 367 268 1*52 Negative figures denote excess of receipts. Summary of Receipts and Expenditures (In Billions of dollars - on basis of daily Treasury stateanents, unrevlsed) 1/ 71 seal year or month BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES January 1934 to Date 1934 DOLLARS Receipts 1.200 1.000 800 600 400 200 li J 1935 1936 1937 1938 1939 DOLLARS Mini ons Millions M M 1.200 Expenditures - General (In mlllloni of dollars - on baele of daily Treactury stateaont. wir«rls«d) Tlic&l 7oar or month Total Depart mental 3.283 2,6«1 3.225 3.399 H.297 U.661 5.328 8O7 3U1 356 U29 505 193g-JHi]>a b03 t5 July tag. 3apt U06 68 1933 193't 1935 1936 1937 1938 1939 Tetarane Administration ees 763 507 556 576 580 582 552 1*80 i&i 856 971* 1.075 8l| US Ug II Agricultural Adjustment progrea PaMle Vorkt 1/ 118 I5U 37 US 25 65 U5 58 33 25 27 28 63 70 53 23 22 2U 1*9 Sk 't7 52 90 92 91 U6 U6 t5 57 37'» 51 55 U6 61 9U ^1 77 U6 U4 k6 P 61 36 9U U6 "5 33 98 106 73 Mar. 1*99 55 51 Apr. Kay. Jona U56 52 91 87 90 95 635 Soelal Stoorlty and Ballroad BatlraB«Dt Acta U71 536 ?" "•5 500 ClTillan Cont«rTatlOQ Oorpfl 289 712 533 527 362 787 80 150 ?5^ 1939-Jaa. 2/ defenM 59 Oct. HcT. Dao. 1/ National Zntaratt oa tha public 689 757 821 7U9 866 « Othar 238 926 9U1 166 169 IU3 172 157 233 18 UO 13 26 33 10 lil 18 25 18 25 23 23 U9 28 lU 67 9 173 6 II 2U 30 17 120 6 10 13 37 33 18 66 10 272 15 25 15 29 2/ 321 188 325 290 22 u 1 7 iQCludaa public bulldlnga, public hlgbvaya, rlTara and taarbora, Teanaaaee Tallay Authority, Sural llactrlfleatlos Adalslitratlon and reclamation projacta. Included undar BaooTery and Belief In these yeare. Expenditures - Recovery and Relief (In Bllllona of dollara - on baala of dally Treaauiy etatament. unreTlead) nacal year or Donth Public vorka, Includ* Ing work rallaf Total VPl 1933. Othar tural Aid (•) Aid to hoaa oimara Mlaeallanaoua 193'i. 385 2.763 3.369 1937. 1938. 1939. 3.073 2.238 3.105 1,26U 1.896 1.U72 2,2U0 193g-Jnna. 311* 166 29 July. Aug.. Sept. 216 236 2U3 172 193 19U 26 2U 36 Oct. Hot. Sao. 262 2Ug 309 207 19U 219 5f 36 75 1939-J«nTab. Kar. 25« 25U 297 185 160 201 60 63 (1) lU 9 61 3 20 32 266 262 252 173 6U bl 60 2 25 i ^1 16 3.>»Ul i*r.. May.. J^uia. 1/ 2/ • ( A^l culRallaf ) ^P 167 U9U 8I6 78U 7U1 3U2 606 Includaa funds expanded for Civilian ConeerTatlon Corpa during these years. Includes $9U, 000,000 restoration of oqiltal impalrnient of Coomodlty Credit Corporation. Lass than $500,000. Indicates excesa of credits, deduct. ,8UU 1/ ,3U8 1/ 2 303 182 215 248 36 (U) 170 2/ 50 198 8 102 2/ 17 (•> 15 10 (•) (•) (•) 985 1/ 78 6 >tU U9 US 7 9 2 13 10 I 11 2 (•) 2 6 Expenditures - Revolving Funds (Net), and Transfers to Trust Accounts, etc. (la alllleB* of dollaira - sa tuli of iailj Troaanrx (tatoaoat, aarvrltod) Imafaro BarolvlBg foads (aat) rtioal y«ar or aaath A^rlaaltaral Alt total total Old^iga BaoarTa icooant tmat aceonntt, ato. Id^ted Ballroad Sarrlca Batlraaaat Oartlfleata Aooonnt Tnad Oorarflaaat Itapl 07000* BatiraaoDt foada (0.8. ohara) 3U6 lUl 150 20U 121 71 71 100 50 50 21 21 21 UI4 l,81l» i.n3 111 222 I3U 101 868 607 685 265 387 503 556 U7 92 (33) (1«) (13) (8) 193S-Jaaa. 12 (•) 13 JUI7. 5 13 10 lit ^21 Bapt. (I) (1) (1) 3« 33 7^ 6 1933 193* 1935 1936 1937 I93B 1939 t11 la Oot.. loT., Doe.. 10 7 1939-JaB.. lat., Nar.. 10 Aft.. 8 5 6 7 8 • ( Pohlle Work* to ) Laio thaa (500.OOO. ladloatoo azaooa of erodlti, dadnst. 7>» (1) (1) (2) 6 11 U 8 38 32 32 32 6 kg (•) (•) (•) 5 11 6 39 50 b8 37 50 50 (•) (•) (•> 8 8 55 55 9 56 5? 56 1U7 107 22 10 12 12 Ifi 16 2 18 73 75 75 Collections of Internal Revenue (In thouaanla of dollara - on toaata of reporta of eollactlona) Joa* Sonrcei of BoTean* 1938 1939 Inooaa taxeei Corporation Current Back IndlTldual Currant n69.U3U 13,856 Back Sxcess-proflta l6o,92U 21*5.266 2.7Ult 12,721 8,BU3 1,910 Total income taxea 353.868 Tax on unjust enrlcbnent 831 Mlecellaneoua internal rerenue: Cefiltal atodc tai letata tax Mft tax Alcoholic 1)aTera^ taxae: Distilled splrita (imported, excise) Dletllled apirlta (donestlc, excise) Distilled apirlta rectification tax Vines, cordials, etc., (imported, excise) • Vines, cordials, etc., (domestic, excise) Brandy used for fortifying sveet wines Dealers in distilled aplrlts; rectifiers; manufacturers of stilla (special taxea) Stamps for distilled spirits intended for export Case atoBpa for diatllled spirits bottled in bond Container stamps........... Floor taxes Tormented malt liquors....* Brevers; dealers in malt liquors (special taxes).. Total alcoholic bevera^ taxea Tobacco taxes I Cigars (large) Clgers (small) Cigarettes (large) • Cigarettes (aaall) Snnff Tobacco (chevlng and affloking) Cigarette papers and tubea. Leaf dealer penalties, etc. Total tobacco taxes 131 35.812 365 1.731 nacal year 1939 7—r Jua* 1938 963.353 n.l'*5.5?0 199.188 15'*. 31*2 l,189,03lt 550.7'»3 2,l78,'»3l 2,622,813 6,683 97.278 36.5b9 6.217 275 36.636 1,91U 127,203 332.280 139. SiW 382,175 28,lt35 3'*.699 1,868 25.015 28,250 20.993 258, 5bO 231.816 633 777 10,677 10,83lt 3M- 30 503 506 I105 35U 5.893 5.385 Ull 2.301 283 2,136 1/ 65J 28,888 1.359 7.152 1,056 7. n't y 1/ 29 '*73 309 681 9.399 9.50"» 1/ 5.'t28 11 269.3'»8 259, 70"! 26,3 1,012 98U 3.637 3.8it5 5U,9g2 5lt,Ol(9 587.800 567.979 1,165 10 1,163 10 12.793 120 2 1 19 12.751 131 21 U9,7gU Wt,150 50it,037 '*93.'t33 591 561 6,932 6,679 757 l,l»9U 53.982 1.183 1/ 7 2 50,862 580.159 568,182 It, 829 It, 872 105 5"*. Hiscellaaaoue Internal revenue - oontlmied Manufacturers' excise taxeai Lubricating olla Oaaoline Tires and Inner tubes..... Automobile trucks Other automobiles and motorcycles Parts or accessories for automobiles Electrical energy Badlo sets, phonograph records, etc Mechanical refrigerators.. Tirearms, shells, end cartridges Pistols and revolvers Toilet preparations, etc., (including repealed 5* tax) Matchea (includli^ repealed taxea) Brewers' wort and malt (repealed as of 7/1/38). Articles made of fur (repealed as of 7/1/38). Sporting goods (repealed as of 7/I/38). Cameras and lenses (repealed as of 7/I/38). Chevlng gum (repealed as of 7/1/38). Total manufacturers' excise taxes Miscellaneous taxea: Bltumlnoue Coal Act of 1937 Sugar Act of 1937 Telephone, telegraph, radio and cable facilities, leased wires, etc Traneportatlon of oil by pipe line Leases of safe-deposit boxes Admission to theaters, concerts, cabareta, etc Club dues and initiation fees Adulterated and processed or renovated butter, mixed floor and filled cheese. Oleomargarine, including apecial taxes Narcotics, including marihnaaa and apecial taxes. Coconut and other vegetable oils processed Hatlonal Tlrearma Act All other, including repealed taxes not listed above Total misoellaneous taxea Total miscellaneous internal revenue 19.366 20,08l» Payroll taxes: 735 275 17.O65 18,355 U,iitl "•.053 83 262 llt2 1.623 1.575 7 168 2U9 Social Security taxes (Social Security Act): Taxes with respect to aaployaent (title Till). Tax on employers of 8 or more (title IX).... Total Social Security taxes • 2,716 2,9't7 ltl,083 1*6,233 Total payroll taxss Total internal ravenoe.. 1/ Leas than $500. 1938 1939 193« t2,U9U 17.796 3.791 598 »3.108 »30.l*97 $31,565 15.51*3 2,1*76 207.019 203,61*8 3i*,8l9 387 6,008 31.567 6.697 2.962 2,801* 1*2,723 1*3.365 662 3,387 520 3.081 7.935 39.899 38.1*55 258 1.075 1*1*9 U,83l* 5.81*9 565 6,958 8,829 295 171* 2,976 6 11 67 2,827 88 1.269 1.187 11.531 16,336 8 128 13U U,68lt 1/ 28 12 1*87 lU 77 368 5.3l»2 7.989 8 650 851 6,663 1/ 126 189 1.357 U 91* 111 1.005 3U,627 31.1*08 396.891 1*16,753 1I16 206 U,190 1*,518 3.317 65,UlU 3,212 30,569 1.937 I.87U 21*, 091* 23.977 936 1,065 10.955 12.517 165 157 1,981 2,013 1,1*91 1,62U 19.'t71 20,801 621 61*6 6,217 6,551 1 2 21 MO 357 371 2,210 2,1*66 222 211* 572 571* 2,506 1.931* 27.665 3 3 9 27.1*70 11 -19 171* 25I* 1.505 12.556 12.788 162,180 131.706 197.695 190.879 2,256,031 2,287,075 2,bOl* i*.327 529.835 502.918 663 592 101,167 90.266 3.267 U,919 631,002 593.181* 109,1*27 1U9,U76 3.599 Carriers Taxli« Act of 1937. Total documentary, etc., stamp taxss Vlaeal 7—* 1939 937.380 91,&5U 27,056 7U6 flaeal Source a of BeTonue 18,865 56.506 Doeomentary, etc., atosp taxes: Bonds of Indebtedness, issues of c^}ltal stock, deeds of conveyance, etc. Capital stock end elmllar Interest sales or transfer Playing cards.... SilTsr bullion salee or transfers Sales of produce for future delivery ( repealed as of 7/1/38) $263,789 20,12U Haeal 12.985 16.252 '*.927 71*0.1*29 71*2.660 568,61*6 7>*7.295 5,181,571* 5.658.765 8 Collections of Internal Revenue (In theuaandi of dollars * on toaslt of reports of oollectlona) Inoom and Profit* Parroll Tazas nieal 7«*r or nontK IndlTldnal Total 1929 2.939.0* 1930 1931 1932 1933 3,060,166 2,628,229 1.557,729 1,619,839 2,672,239 3.299.636 3.520.208 6.653.195 5.658.765 5.181. 576 2.331.276 2,610.259 1,860,060 1.056,757 766,791 819,656 1.105,791 1,627,668 2,173.769 2,622,813 2,178,631 1.095.561 1,166,865 833.668 627.191 352.576 619.509 527.113 676,616 767,295 193'i 1935 1936 1937 1938 1939 Soelal Saourltj Aot Corpora^ tlon ll Tltla 1,026.393 624,566 196,218 1*00,167 1,286,312 1,028, 83U 550,763 257,986 350.626 362,286 682, 56U 62,923 36,609 695.568 Sec, 315,061 306,572 662,252 U2,l62 36,691 681,509 1939-Jst.. 315.865 51.598 57.526 Sapt. Oct., Hot, rati.. 691! 601 1*98,6711 Apr. 279.986 5.292 t.632 S: 353.868 3VBM. 1*8 1*8 762,660 760,629 58.119 90.267 101.167 292,757 6,927 1*,328 592 11,99? 12,766 227,573 30,926 21,865 267.975 77.707 85.736 2,866 61,026 65,608 2,076 5.181 5.509 9,1*68 12.513 213,622 32,696 23.978 267,887 81,508 81.979 2.939 59,282 66,601 7.287 6.731 2,l*lU 1*83 19,067 32,333 291,215 32.531 25.191 207.259 98.992 125.870 3.855 59.035 76.^71 2,610 37.696 i,7'»7 -302 lU,96i* 26,328 26,785 190,200 69,686 62,529 73,682 2,606 5.562 6,U01 663 1.613 12,961 12.985 19.667 163,668 93,06)* 16,252 Kleoallaaeoae Internal RaTesoa Tlsc&l year or month Total Capital atook 607,780 629,887 568,189 500,972 873,068 1929. 1930. 1931. 1932. 19331936. 1935. 1936. 1937. 1938. 1939- 1,1*81,160 1,667,623 2,021,075 2,207,608 2,287,075 2,256,031 letaU Alcoholic and ^erera^a Uft 61.897 66,770 68,078 36,310 113.138 212,112 12.777 11,695 10.632 8,706 63,176 258,911 611,022 378.81*0 505,1*66 305.568 616,876 360,715 596,265 567.979 587,800 1*7,1*22 80,168 91.508 96.963 137.699 139.369 127.203 Tobacco Stsap tnrert' azetsee 166 Misoellaneoua 66,173 77.72? U6,956 32.261 57.578 66.580 63.133 68.990 69.919 66.233 61.083 267,751 390,038 362,275 379,560 669,856 616.756 396,891 36.322 25.010 18. 310 16,026 87,696 167,156 108,196 92.132 98,28? 131,706 162,180 1*50,339 31*1* 138 enrichBent 6.073 6.217 6.683 275 38,550 56,069 50,862 2.91*8 31,1*08 12,787 766 25,61*5 27. 296 22,561* 52,61*0 Ao«.. Sapt. 50.822 60.362 11.653 3.373 6.078 3.029 36.361* 30.61*5 67,261* 67.661 56.632 50.952 36,050 IU.675 12.520 13,962 1.036 286 S98 Oct. >0T. Sao. 191.136 185,6^9 177,061 5U,603 57.573 51.270 66.291 67,539 3.592 63. n5 3.895 31.517 31.399 31.087 15,060 15.268 12.951 S3 322 37.51? 29,326 33.701 1939-JaB. Tab. 166,858 169.685 188,771 300 166 213 27,828 22,062 38.151 35.918 '•7.359 3.831 3.198 3,126 36.355 60.837 69.321 13.036 13.556 12.178 170,61*1* 161 176,896 197.695 180 131 62.539 53.106 56.506 2,962 3,070 2.716 31.750 35.251 36.627 1/ 2/ 62,1*61 1*7.356 33,626 22,533 36.177 66,277 l*?,i*6l* 56,982 Ineludlse ezceea-proflta tax colleotiona. Incliiain« tax oollections under the Sofar Aot of 1937 and under the dlTldenda tax laposed V ^:?i^ 12,667 62 13.605 A«rlonltnral kAJazX,- 526.222 71.637 228,760 261,655 183. 636 32 1>*,939 371. '»23 190,879 6. u aent Jiil7. 52,522 11,500 iU,6i9 2/ 66U,277 398.579 602,739 625.169 659.179 501.166 552.256 568,182 580,159 l»3l*,l*U5 109.627 l'*,807 On^t Kannfac- 11*9,1*76 779 1938-Jnna. Apr.. Maj.. Jnna. 287 207.339 502.917 529.835 1,091,7'*1 Mar.. Tltla IX 1.235.733 265.71*5 A»«- nil 1,263,1*16 578,678 753.032 1,082,028 1.336.501 1.169.597 1938-<'t>M Carrlora' Taxlnc Aot of 19J7 Total 13,11*9 13.290 12.556 the Act of Jona 16, 1933. 763 301 566 666 831 o <- o <». O < Q. O C X Q. >^ CO 10 Customs Duties and Taxes Estimated, and Value of Dutiable and Taxable Imports, by Tariff schedules: First 10 Months, fiscal Year 1939 (Zn thousands of dollars) 1/ Month 11 Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports Into the United States: First 10 Months, Fiscal Year 1939 12 Receipts and Expenditures under Social Security Act (In millions of dollars - on basis of dallj Treasory statements, unreTlsed) Receipts Tlseal 7«ar or aoBth Employment taxes Title nil 1936 19J7 1938 Tax on Iteployers of 8 or more. (Title IX, Sec. 901} Xzpendltnret Refunds to Transfers states of Total Old-Aca Total taxes col- to 01d-i«e ExpendiASBlBtgrants lected under Reserve tures ance, to Title IX, Sea Aoconnts (Title II) •to. states 901 2/ Orantfl to States Total Receipts AdminisUnenploynent trative Expenses conpeneatlon adminis1/ tration 265.0 387.0 28 .U to?. 719.1 38.0 30.6 8.0 38.0 38.0 33.0 U2.8 20.3 11.7 U7.2 26.6 12.3 32.0 32.0 32.0 81.0 60.3 U5.9 26.2 21.6 19.3 30.8 2U.2 21.5 37.0 50.0 50.0 69.5 76.0 73-2 26.0 26.1 10-3 35.0 30.5 15.6 55-0 50.0 56.0 91.8 82.^ 261. 3ao.3 503-0 8UU.6 675.8 786.6 1.155.0 2.039.9 .6 .9 57.8 90.1 252.2 15.8 20.0 9.1 U1.9 26.9 157.8 229.6 27.8 166.9 271.5 28.8 97.8 2.2 2.6 8.0 31.3 105.8 2.7 1.9 1.8 1.8 8.0 5.8 1.2 30.0 2U.g 6.8 30.6 95-7 2.5 2.9 7.1 33.5 102.8 3.0 1.8 9-1 38.1 ^•J 1.6 '-} Deo 1939-J»n 28.9 102.2 2.2 '1.7 I5U.U 3.9 1.7 1.8 1.7 1>.6 fel> Mar 12.9 52.1 1.7 *pr M«7 Jon* 27.1 109.1 3.3 2.8 9-1 1.8 1.8 1.8 li .7 29.9 118.2 U.O 530.'* IX.9 631.2 a.3 58-9 1.239.1 2U8.7 I.U87.8 57.7 110.8 19U.3 51i*.l» 1938-Jaljr *o« lept Oct VOT Total fisoal Tear 1939 Brand total lote: 1/ 3/ .5 .5 2.6 2.2 5.3 ito.6 1)0.6 77.9 70. 73.'» rignres in this and four sncceedln^ tables are rounded to nearest tenths of llllons and will not neceasarllj add to totals. Includes only expenditures frou appropriations made Bpeclflcally for administratlTe sxpenees relating to the Social Security Act. Does not include adninistratlTe expenses payable from other appropriations. The principal agencies in the latter group are the Bureau of Internal Berenne ai^ the Public Health Serrlce of the Treasury Oepartnent. and the Office of Iducation of the Separtnent of Interior. $>I0, 561, 886.43 appropriated in the fiscal year I938 for asking refund to certain states of portions of employers' tax for the calendar ywr 1936 collected under Title II, Section 9OI of the Social Security Act. Ixcludes expenditures from the appropriation of $6,902,U91 aade to the "Sallroad Ibenployiient Insnrance Administration fund" to date. This appropriation is equlralent to the aaonnt that carriers hare paid for the fiscal years 1936 and 1937 ander Title IZ, Section 901 of the Social Security Act. Old-Age Reserve Account (In millions of dollars - on basis of dally Treasury statements, unreTlsed) Ouomlative as of end of fiscal Tear or month 1936 1937 1938 Sqpt. Oct.. or.. Smi.. 1939-Jan.. reb.. Mar.. Apr.. Msr.. 1/ Unexpended Appropriations by Congress Transfers from general fund 265.0 652.0 1938-*ily. Balance Expenditures Receipts Balance aTailable for transfers 113.0 Investments Total Beeelpts InTBStments Benefit Payments To credit of To credit of appro- priations 1/ 265.0 765.0 2.3 17.7 267.3 782.7 5." 267.2 777.» 267.1 662.3 disbursing officers .1 .1 113.0 1.9 1*35.0 1.2 690.0 728.0 761.0 '*35.0 397.0 36U.0 1.125.0 1.125.0 1.125.0 17.7 17.7 17.7 1,1U2.7 l,lU2.7 1.1U2.7 6.2 7.0 7.9 1.136.5 1.135.6 LIS*.* 700.3 733.3 766.3 793.0 825.0 857.0 332.0 300.0 268.0 1.125.0 1.125.0 1.125.0 17.7 17.7 17.7 1.1'*2.7 1,11*2.7 9.0 10.0 11.1 1.133.7 1.132.7 1.131.6 798.3 830.3 862.3 332.0 300.0 268.0 1.3 8qit.o 231.0 181.0 131.0 1,125.0 1.125.0 1,125.0 17.7 17.7 17.7 l,lU2. l,lU2, 1,1U2. 12.2 13.3 IU.8 1.130. 1.129. 1.127. 8?l*.3 9W.3 231.0 181.0 131.0 ?•* U.O 2.6 76.0 56.0 1,125.0 1.155.0 1.155.0 17-7 1,11*2.7 1.126. 1,01A.3 17.7 1.172.7 1.199.6 16.2 17.8 19.3 6.2 U.5 3.0 9UU.0 99*t.O 1.0>(9.0 1.099.0 1.155.0 U4.6 1,1U2.7 99U.3 I.IS"*. i,09'*.3 76.0 56.0 1.180.3 1.177.2 .1 Includes talaaoe of ^proprlatloa aT&llabl* for transfers. Unemployment (In millions of dollars Ouanlatlva as of and of fiscal year or month - 397.0 36U.0 Tmet Fund on basis of dally Treasury statements, unrevlsed) IS Receipts and Expenditures Under Railroad Retirement Act (In llllont of dalltri - on bail> of dally Trsaaury •tataoenti, unrarliad) Baealpti Taxes upoa earrlars and their aaployeai riseal T»ar or aosth 1936 1937 1938 Ixpandltoraa IdalolttratlTs Ixpaneaa franefara to Railroad Hatlr6iBea;t Aoct. 3 .k 150.1 193S-JBI7 ta« .U 25-5 Sapt 1-5 2.6 .2 .2 • Oot 3 • 1U6.U 22.0 9-5 11.5 26.5 .2 .3 11.5 16.5 X6.5 1939-Jaii •9 Tab Mar 27.5 .3 .3 •3 18.0 .2 lOT Daa 1.5 11. U.7 16.7 16.8 1.8 18. i 6.1 Total flieal jraar 1939 Oraad total I ttOludaa 22.2 9.7 a.i Jvob lotat 3 1-5 1U9.0 .3 ^Vr »V Total Xxpeadltoref 109.3 3.3 107.1 IIO.U 259.7 7.7 253.5 261.2 Ballroad UnaapleTBant Inaoraaoa Aat. Railroad Retirement Account (In nllllone of 14 Cash Income and Outgo of the Treasury, Fiscal Year 1939 (These figures are not Intended to reflect the bod^tajy position of the OoTeranent. They vlll not a^ee vlth budgetary flguree on receipts, expenditures and deficit such as those appearing In Daily Treasury Statenenti and In other tattles in this Bulletin. 7or an explanation of the reTisions siade In Dally Treasury Statement figures to arrlre at this cash series, see the text in February Bulletin. JU.1 figures In the table at the bottom of the page have now been revised in accordance with that explanation.) (In millions of dollars) CASH INCOME AND OUTGO AND NET CASH OUTGO January 1934 to Date 1934 1939 1938 1937 1936 1935 DOLLARS DOLLARS" Millions Millions I, 1.200 ZOO Cash Income 1.000 1.000 800 800 600 600 400 400 ZOO 200 n ^MJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 1.600 1,600 Cash Outi^o- 1.400 - 1.200 1.000 .000 BOO eoo 600 600 i 200 200 ''III' JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 1.000 1,000 eoo Net Cash Outijo eoo 600 fxee»« of Outgo 400 200 200 L Ul It 200 400 Vri fxcm»» of Income - LI 200 JMMJSNJMMJSNJMMJSNJMM JSNJMMJSNJMMJSN I I I I I I I I 1934 I ' I I I I I I I I I I I I I I I I I I II of thtst figuros »»• I 1 tAe tt^t 15 in Ftbruary 1 II 1 ittut of «ft« 1 1 1939 1938 1937 1936 I93S Par tht basis I BulUtin 1 1 400 TREASURY GENERAL FUND -16- AND PUBLIC DEBT 17 Composition of General Fund (In Billions of dollars - on basis of daily Trsasury Btatements. unreTissd) Current assots Ind of fiscal 7«ar or aonth W Total •World n«" balancs 862 2.582 l.SUl 2,b82 2.55^ 2.21b 2.838 1933 1935 I93f> 1937 1938 1939 Incrsasnt on gold Seignlora«« 1,001 2.225 970 1,628 lUO 316 2,lfa0 536 ll*2 700 lUl lUl 1U2 Bullion, coin and currency InactlT* gold 1.087 Os posits in Ted. Spaelal daposits a/c salsB of OOT't.SsCS. RoBSrrs Banks Ul othsr deposits and collections Current liabilities 18U 51 1,01*5 l,0l*U 837 I.85U 799 1.151 649 611 777 31 37 55 58 3.087 865 1.863 830 1,212 97 118 862 lUl 929 1.022 ^ 7b 25U 156 203 2U9 1.103 3.033 2,016 2.936 2.709 2,1*19 2U1 U51 193g-June 2,21b 1,628 ltU6 11*2 2,1*19 830 929 611 1.9 203 July Aug. 1.523 l.bb3 2.376 1.51 ll»2 2,299 IU2 2,1*07 3,lbl* 886 1,023 1.360 777 778 963 585 556 791 50 Sept 2,11b 2,260 2.978 183 IU7 186 Oct. Rot. Dec. 2.569 2,UU7 3.083 1.960 1.827 2.733 2.625 3.285 1.330 I.2G5 603 570 1.033 71*7 53 5U 60 16)* 736 888 1939-Jeo. Teb. Mar. 2.933 3.3S3 3.389 2.288 2.693 2.732 503 5O8 515 1U2 3.119 3.517 3.635 1.385 876 873 866 66 68 68 186 1.313 792 1,222 1.388 Apr. Hay. June 3,oUit 2.380 2.25U 2,160 522 528 536 11*2 3.230 3,10b 3.087 1.329 1,272 1,212 975 971 1,022 858 792 777 68 71 186 182 7b 2l*9 2.92U 2.838 U55 UbO ^1 1U2 1U2 U78 U92 ll»2 lU2 IU2 ll*2 1,301* i.35it 25 178 202 17>» 2U£ Statement of the Outstanding Public Debt on June 30, 1938 and June 30, 1939 (In millions of dollars - on basis of daily Treasury statenents, unrsTised) June 30. 1938 June 30. 1939 21.8UG 1.237 196 25,218 1,868 283 +3.372 +631 -36 9.l'»7 1,151* 7.21*3 -I.90I* 1.308 15I* lUl 1U2 Ull +1 -37 36.669 2,180 Market issues, etoi Pre-trar bonds Treasury bonds D. S. Sarings bonds Adjusted Serrice bonds.... Treasury notes Treasury bills Matured debt on which interest has ceased..... Debt bearil^ no interest.. 319 1*1*8 3U.U89 Total Market issues, etc Jnaa 30. 1938 Increase(+) Decrease(-) -1 Special issues! OovernDsnt Life Insurance fund Old-Age Reeerre Account Ballroad Retirement Account. OoTernment retirement funds. Adjusted Serrice Certificate fund Dnemployment Trust fund Postal SaTln^s Systea federal Deposit Insurance Corporation Total Special issues.... Total June 30. Increase (+) Decrease (-) 1939 lU 662 537 1,177 66 67 1 397 it73 76 ?6 872 U5 20 1,267 128 395 85 101 +lG 2.676 3.770 1.091* 37.165 1*0,1*39 3,27"» 515 -6 83 Public Debt Accounts (In Billions of dollars - on basis of dally Treasury etatsaents. unrerleed) Sxpenditores Receipts Market Operations Market Operations fiscal year or month Special Series Total 3.03*1.9 2.158.5 2.567.1 9.620.7 13,083.6 5,lG6.0 5.301.0 580.8 67U.2 1.698.8 553.1 270.0 1*23.9 135.7 136.0 35-5 1*29.6 1*71*. U27.1* Ad^sted Cash Serf. Exchanges Sxchanges Special Series Total Xxcess of Receipts Bonds 1938 1939 1*.775.7 7.U75.I 1938-Jttiy l*l»U.3 Aug. Sept 538.6 1.238.8 Oct. Hot. Dec. 1*1*0.9 539.? 1,183.8 1939 -Jan. feb. Mar. m Apr. May. June 12.7 6.5 .8 .7 .6 .5 .5 .5 M 571.0 .u 566.3 .u .5 1*5.6 503.0 1.357.2 30.3 180.3 823.8 U13.9 1,800.8 20U.1 227.U 126.6 1.0 1105.1 1*11.0 5l7.l< 1.266.7 30.3 2.9 16.7 1,266.7 1.927.1* 68.0 185.8 l,Ui3.g 527.5 752.5 2,302.0 1*15.5 U23.9 639.5 89.5 169.5 89.1 .1 1,1*72.0 928.6 68.1 61*1.3 1*19.8 .1 29.0 U15.5 1.310.0 11. 521.7 1*18.8 71*0.1 1, Olio. 3.03it.9 501.0 uie.o 928.6 8,880.6 9.808.8 2.673.8 17.2 2.0 2.6 683.3 2,181.0 11*3.6 :l 1*59.0 1*72.2 2.673.8 55U.I 272.5 899.1 1*1(11.6 1*1*9. 533.6 2.11A.3 3. 271*. 26.7 1*01.7 799.7 77.7 218.4 157.7 18 Holdings of Direct and Guaranteed Interest-Bearing: ubllgatlons of the United States Government (la BlllloiM of dollara) Ind of f I teal year or aonth 19 20 Amount of Interest-bearing Debt Outstanding, the Computed Annual Interest Charge and the Computed Rate of Interest Ind of fiscal Tear or month 1933 1936 1935 1936 1937 1938 1939 InteroBt-baarlD^ debt $22,157,61*3,120 26,U80,'*87,920 27,61*5.229,826 32.755.631,770 35,802,586.915 36,575.925.880 39.885.969,732 1938-J11I7. 36,61*1.937,719 Aug. Sept. 37,051.561.281 Oct.. Hot.. 37.896.865.589 38,068,027,769 38.898.851.391 . Dec. 1939- Jan.. Te)).. Mar.. 37.81*9,982.1*93 39.097,233.713 39.325.527.811 39. 1*1*2. 071*. 957 Apr.. 39.525.'*07.«13 Kajr.. 39,751.011,399 39.885,969,732 Jnna. Conputed annual Interest charge Z O a Q . t- Q: CO CD lli Q. l-O oo -J- << IXJ ^. Q Z < < lU Of > lU o u o o to CO o O o CO > _i Z) UJ I- O -7- CQ o D c/) < UJ QL \- Q _l LlJ u C o (0 «) •a GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES -23- I 24 Governmental Corporations and Credit Agencies of the United States: May 31, 1939 (Compiled froa latest report* reoelTad froa these a^nclee) (In millions of dollars) 25 Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States: First 11 Months, Fiscal Year 1939 (CsDplled from latest reports reeelTed l>y tha Treasury) 26 Statement of Sources of Funds of Certain Governmental Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States, from Inception of Organization to May 31, 1936 (Oeapllsd froa lata.t raporta racalrad ti/ tha Traaaory) 27 Principal of Outstanding Obligations Guaranteed by the United States (Id mlllionB of dollars - compiled froa reports reoslTod by the Trsasux/) bd of flsekl 7«ar or aoath THE CAPITAL MOVEMENTS BETWEEN UNITED STATES AND FOREIGN COUNTRIES -28- u 29 Net Capital Movement between the United States and Foreign Countries 1935 through April 1939 (In thoaBanda of dollart. MoTOBent Aorlng following periods Jan. S, 1935-J8J1. 1, 1936., Jan. 1, 1936-Doc. 30, 1936., Dec. 30, 1936-IIOO. 29, 1937., Doc. 29, 1937-Dec. iS, 193«., Vk. 28. l93«-»<«r 3. 1939.. Total Ihilted lln^oa franca 337.385 U,i66 55.151 177.610 28,599 -29,162 28,829 39.892 21,011 1*6,003 25.896 17'i.U38 '•7,232 15,796 1U3,59U 87,283 71'»,73^ 1*6,511 Oeraaajr Italy Cc;>ltal Inflow or eapltal ontflow (-) letherlaale Svltier- land other lurope ) Total orepa OaaadA 763.663 168,882 268,427 262,611 445.865 41,394 82,251 -69,087 111,904 73.990 38,550 69,1*76 178,1*23 3»*,625 -8U,633 28,367 99.761 7.'t99 6.356 -9.996 55.362 7,229 9.283 5.661 62,569 126,51*9 311.562 138,019 7.729 ll*0,10l* 23't.697 362,603 1.909,448 261,656 lU.ltl|8 -3.021* 72,623 58.973 46.038 18,251* 32,192 95.19'* latin Aaerlea hr All Xaat ottaar 96,l4o 9.878 24,609 928 24,083 11,507 -18,005 -77.082 13.787 89,812 57,422 16,5'*7 53.55'* 120,672 1*3.678 Najr 3- Total April. 964,629 397,3'*2 255.59'* 293,215 70I*, 84o 289,711 125,172 29.633 2,615,620 7.877 7,708 12,211 6,668 9,767 -6,362 3,490 8,903 16,652 -9.316 3.769 -583 1.253 3.532 -3.139 88,170 70,400 78,371 65.756 69,467 Woak ended 1939-lpr. 5. Apr. 12. Apr, 19. Apr. 26. Grand total "A. 573 't.951 -386 -718 22 2,257 -322 -l«.lU3 20,082 12,112 7.639 856 1,213 -1.893 1.967 8,011* -1.35'* -16.339 18,997 10,064 11,130 3.1'*7 -i*.i*97 -l,6l2 -2,902 -351 6,035 14,808 26,783 7.100 9.119 26,504 10,263 812 9.966 7.730 45,651 103. 8O6 59.232 -881 853 11,681 -3.221* 63.81*5 235.312 74,422 44,231 13.367 4.832 372.164 13 U,0l6 2.1*18 -152 -510 123 131 -109 2,1*55 1,1*31 6,656 -1,070 4,656 7.553 15,005 21,450 -4.479 -3,086 11.092 277 2.381 2,7'io -91*0 6.735 2,878 -788 -1.569 -1,552 981 6,039 6,811 34,687 3U 17.272 968 -5,182 3.700 -434 1,662 -881 862 14 220 U 1,265 -2.195 5,883 1,828 3,373 141* 26,79'* 9.322 714 -50 399 7'*.365 1.521 102 1,722 129 225 145 111 ^2 -'*38 183 -31 515 -172 -€39 ^ 1.950 3.017 3.987 118 1.369 -623 1.025 31.17't n MOfBOR BBOORAQI BALAVClSt Jan. 1. 1936.2, 1935-J«n. Jan. 1, 1936-Deo. 30, 1936.. Doc. 30, 1936-Dec. 29, 1937.. Dec. 29, 1937-Dec. 28, 1938.. Dec. 28, 1938-»Uy 3, 1939.. Total 7.977 1,123 1,060 •.'•39 669 -191 202 17.750 17.017 18 207 10,151* 11,199 7.675 64,020 101 1.090 331 752 -131 -10 306 -187 759 667 -76 792 151 -51 220 142 3.109 1.609 -58 1.854 1.036 6.656 3.699 620 286.237 531.719 223,659 50,650 452 2,807 29,840 4,997 21.371 22,763 10.543 1.696 -8.358 3,685 11,841 2,705 5,204 2,360 ''.533 2,722 1,190 2,035 316,660 600,693 244,626 48,895 1,022 56.688 1.092,717 19,441 25.795 60,906 13.037 1,211,896 10,439 197 390 13 344 240 213 1,026 310 7.192 5.104 .954 1,191 -1,874 -428 2,701 1.722 It. 505 58 1.73'* -2.011* 2,368 Veek ended 1939-Apr. 5. Apr. 12. Apr. 19. Apr, 26. -692 397 -613 681 126 109 -80 -379 528 985 371 -157 l.'»30 1,056 173 -13 1.3'*8 1,626 1U9,780 217,915 81,02U 23,86q -18,00U 23.39'» 1*1,352 -95 -3.235 -1.530 -568 -105 50,1*58 107,11*9 55,125 12,928 11*5,036 25,601* 5.580 6,168 -2,580 -5.353 -2,102 -9.965 -5.262 -1.539 56.235 -900 12,498 75.100 10,097 17.215 856 85 U5l(,58U 73.91'* -2l*,221 -5.533 225,1*1*0 311.8U5 3.007 -2.173 -789 '.307 1.963 157 86 ,178 16 -27 3.257 650 989 3,12'* 1.59'* 2l»7 -359 -223 -87 -80 -25 1,1*88 1,31*0 -15 -1*1 1.355 1,81*5 1,237 290 -1,297 -85 -3 6.315 1.653 -790 7.739 10,120 1U2 25,109 636 1,200 2,965 1.399 31.269 67.757 30U 20,713 6,818 11,368 U,623 3.35 J52 *18 1,&1 13.275 9.2^7 2,91*9 6,1*69 7.91'* 1,U4 i*,059 '».057 2,410 3.264 6,1*82 125,158 191.076 267,008 26,758 2,l68 9.133 7,484 9,271 2,365 129,122 27.579 35.231 10,441 621,812 1939-Apr, Apr. 12. Apr. 19. Apr. 26. 160 103 723 "40 1*59 37 Kay U68 125 >tl2 286 93 l,lt9lt 1,301 335 509 675 55^.935 27't,Wl 210,2ll0 36,599 1*6,527 1*0,766 23.988 21.619 111*, 1*93 23,1*78 192.335 130.137 89,296 -17,836 57.812 90,560 16,825 8,330 10,873 -7.036 82,216 12,695 80,>*6l 1,316,190 1*30,072 11*9,01*7 25,966 1105,056 U9.779 15.065 5.917 21,625 12,205 8,U30 -3,l»2l« 815 1,219 -1.897 -365 -715 11,030 -61 -15,871 22,652 12,892 13.1''7 2,12)) -29 2.378 10 113.0l»5 63,2t« -1, 163 1,279 Mar 3. Total April. 59 81 10,441 MOTBOCST II TBAISACTIOXS IS DOKISTIC SKtOITIIS: Jn. Jan. Dm. 2, 193W*i>. 1, 1936.. 1, 1936-Dec. 30, 1936.. 30, 1936-Dec. 29, 1937.. Dec. 29, 1937-Dec. 28. 1938.. Dec. 28, 1938-Majr 3, 1939.. Total Veek ended 1939-Apr. 5. Apr. 12. Apr. 19. Apr, 26. 3. Total April. -70 26,1*87 2,217 2.in -9.8'*5 -356 2,560 '*.530 304 271 78 497 11,110 2,015 8,6( 8,976 MOTBSST II TSASSACTI0I8 II rosiiai sKUBiTusi Jan. 2, 1935-Jea. 1, I936.. Jan. 1, 1936-Dec. 30, 1936.. Dec. 30, 1936-Dec. 29, 1937,. Dec. 29. 1937-Dec. 28, 1938.. Doc. 28, 193«-««»^ 3. 1939.. Total 1*8, 7,1*08 -1.191 1*6,129 ll*,92l* 7,027 3,061 16,657 6.69U 3,322 Ul,788 27,267 50,687 12,838 143,145 135,108 88,191 72,654 24.870 -39.715 3,008 10,815 6.106 2,021 -21*,4l8 12,700 2,973 159,284 -8,644 8,211 23.563 29,358 Il0,l406 178.709 ><63.968 -63,288 174,524 36,167 129 128 15 138 115 1*87 96I* 1*17 1*60 2l» 513 ,073 815 3.728 -1,492 -U31 -296 -39.038 169 3U7 168 297 988 -69 90 -413 1*66 1.983 1.354 2,765 2.077 1.990 2,02l* 3.831 10.169 -37.529 1.969 130,37? 205,166 271, 91U 129,964 98,514 83,763 151.581 141.853 ,200,998 850,714 601,727 388,655 >88,459 150,457 -44,213 51.727 69.153 598.11*7 605,675 3.530.153 227.131 1*1,452 8,785 -4q,W2 U,812 Veek ended 3- Total April. 21 3U3 63 249 33 ^•^2 ^2 98 2.338 2,276 -35,728 506 -24,878 70,907 128,303 130,304 55.717 209,367 1(0,541 -21,879 -67.667 102.045 65,301 12,671 8,730 -5.507 18,066 19.510 1,412,486 1.195.922 801,915 368,902 744,468 490,744 222,195 iiMO ''.523.693 8,581 -5.29* 4,072 -251 1.870 107.104 3.65 2,58« 76,756 44,084 6,786 388,996 OT CAPITAL NOTaoVtSl Jan. 2, 1935-Jan. 1, Jan. 1, 1936-Deo. 30, Dec. 30, 1936-Deo. 29, Sec. 29, 1937-Deo. 28, Deo. 28, 1938-ttv^ Total Week ended 1939-*pr. Apr. 12. Apr, Apr. •tay Total April 1936., 1936.. 1937.. 1938.. 3. 1939-. 161»,382 '•3.993 U5,l9i 4,91*2 8,160 16, 403 -2.352 -321 -2,319 5.788 -380 2.515 21,U43 10,546 68,854 26,710 7.779 9.802 7 8,3'*7 3.'»52 35.''52 14.558 613 9.383 7,135 9.539 12.767 7.388 10.937 8,649 18. 169 -9,260 2T7.2'»6 41,228 48,020 15,716 85.187 63.633 52.5«9 40,«5 75,79'* UJ 31 Short-Term- Foreign Liabilities as Reported by Banks and Bankers In the United States for April ig39 (Ib thouMBd* of dollar! LlaMlltlM u UnlUd of folloirlae datos KML haae« OaiBojr Ital7 lother- SvltMr- Othar Total uropa oropa Latla iaarlea All othar Itar laat Oraad total gBOET-IIEM IDEIIffll LUSUITUSi 230.963 235.855 256.027 268,957 2^6,385 lU,732 15.132 15.393 '•30.393 1»70,03U 228,089 232,71*6 U5g,282 '»77.n2 lW7,T09 252.828 265. 6U7 272.993 lU.jU Ull.207 222.799 '•56.2U3 227,5i'5 ll».0?6 ii*.3*7 lti»2.l)06 Apr. 5 Apr. 12 Apr. 19 Apr. 36 503.611 5^.>*33 •tay 557.028 531. 3W 3 TOTAL LIABILITIIS ?ATABLX EOLLABat Apr. 5 kja. 12 Apr. 1? Apr. 36 13.361 12,596 12,728 13.078 12.391 150,908 2U7,626 11*8,961 21*3,930 2i«7,ii9 2Ult,225 llt.l|08 13.011* 12.223 12.386 12.728 12.092 11*9.772 11*7,535 157.97'* 21*7.393 1U.76U 13.91*7 lU.572 2,330,831* 2,390,981* 151 1*6,536 1*5.385 1*6,669 251,1*28 1*7,251* 256,189 1*6,267 2,505,602 2,590.757 305.038 238.1*70 1*6,066 2.21*1,532 311. 611* 322. 8U6 259.199 1*1*. 929 2.296,776 2115,1*60 330.081 21*3.1*08 1*6.101 1*6,811 2,372,1*08 2,l*l6,37U 361.1*79 21*7,112 1*5,781 2.503,216 283.926 293.230 210,909 213.155 218,001 1*1*, 550 3O8.192 319,920 2l6,2l*8 1*1*, 1*28 2,120,977 2, 181*. 899 2.257.392 2,298,138 2I8.667 U3.68U 2.381.1*39 20,713 17,982 26.689 21,1*58 26,376 26,028 1.353 1.166 1.288 2,2l6 99.1*37 95.1*35 18,ql*5 21,082 26,1*28 1,931* 305.565 312.199 323.309 330,567 3*1.955 21*6,617 21*7.625 1,629.1*10 252,226 251.196 259.696 267,027 316.936 153.751 152.307 2U3.ltIio 2U3.; 317.568 331.333 356.971 363,605 1,1*00,637 1,1*52,166 1,1*99,811 1,530,31*5 251,321 2^8.868 258,190 265.729 2lti*..289 369.51*6 1.552.995 315. **9 ll»U. lUl. 229,088 225.067 151.'*«7 11*7.1*78 159.355 15U.923 153.369 3Ul»,l»73 318,689 332.672 358.259 365.315 371.192 1,1*79.890 i.53i*.579 1,580,229 1,609,326 251*, 2,lt61»,05l» 3 "V 3 Dapoilts for foralga aoconnfti Apr. 5 A;r. 12 Al». 1? Apr. 26 "V 3 Bllla hald for foralgn aoeeonti Apr. 5 Apr. 13 Apr. 19 Ajr. 2b May 3 13.1*62 W.O99 21*7.700 14.096 W1.996 257.760 12,91*1 i»6£.056 267, 2U 13.632 7.300 7.627 6.282 8,382 8.339 2.59U 2.508 2.&20 2.U76 3.018 305 367 352 321 308 12.225 11.512 11.699 11,836 11.177 695 no 11*6.677 U.855 5.257 5.330 5.576 5.021 ^1*3. 531 21*6.859 302,3** 1.336.101* 21*5,1*88 1.392.667 229.1*01 316,1*58 3i*3.652 226,587 229,178 31*9.1*70 1,1*68,068 2U2.2U7 250,808 261,202 356.1*63 1.1*90.391* 308,771* 12.180 11.765 11,286 11,936 11,895 i*i*,967 5.715 6,088 6.1U9 3.097 U,756 17.038 17.150 16, 11*5 15.727 lU.OllO 1,1*1*0,1*1*1 1*5.271 1*2.360 1*5.151* 1*3.331 Short-tara United States Ooraraaent o^li^atioaa held for foreign aeconnti Apr. 5 Apr. 13 Apr. 1? Apr. 26 May 3 2l*,928 95.118 97.953 97.531 U 11 818 815 800 800 800 Othar llaMlltles payable la dellarsi Apr. 5 Apr. 12 Apr. 19 Apr. 36 Kit 3 TOTAL 303.1*92 1*3,600 itU,650 19.555 11*. 217 16.992 17. 108 19,255 118 533 '33 630 1.519 399 602 1.313 1,126 1.071 3.003 3.109 2,032 2,198 1.187 233 399 260 785 1,121 1.339 1,288 1.710 79.253 527 18l» 1,61*6 76,1*15 905 2.328 1.506 1.298 1,087 105 265 136 658 75 583 801 738 1.123 33.393 36.353 35.276 559 1*00 1*67 l.OUl* 31.185 2.012 1.195 1.206 783 552 783 1,267 lilt 1U2 156 165 .157 697 609 321* 31*7 1.136 368 882 1W5 373 1,1*26 31*2 1*73 350 339 1.381 1.172 1,062 316 360 209 222 58 312 95 391* 187 189 186 132 30 35 150 39 39 729 769 108 116 3U9 11.876 6.15U 9.577 7.320 13.300 2.696 2.693 2.708 5.U11 2.761* 67 50 63 200 159 73.218 75.399 73.066 71.169 69.319 2,871* 3.109 3.199 3.510 3.392 31.839 283 335 391 226 315 91* 1.000 1,311* 1*09 1*31 1*77 .815 872 1.116 1,083 1,132 1,017 163 21.107 163 16,1*31 163 167 163 19. 080 8,11*7 8.1*26 U70 U56 568 208 ^ 9I.6I16 1*1*3 89.228 1*86 87.51*1 209 172 283 82 170 1*2,051* 19.1*68 22,1*31 LUSILITHS patabli n roBiioi odbehciisi Apr. 5 Apr. 12 tvr- 1? ^r. •tay 26 3 , 82.1*13 80,1*18 78,981 1*86 U76 8,691 8,020 9.077 302 Borrovin^ froB feral en haakei Apr. 5 Apr. 12 *pr. 19 Apr. 26 ttf 3 Aooeptanoei aada hj foreign baakai Apr. 5 Apr. 12 Apr. 19 Apr. 26 •U7 3 Othar llabllltiae parable in foreign eurrenoleel Apr. 5 Apr. 12 Apr. 19 ^r. 26 3 •«V 3'».058 33.163 30.7I8 28.971 37.W»3 37.9'W 35.9** 36.368 36.511 2.1*25 3.936 166 173 205 213 181 3,1)01 3.919 «.083 3.«37 2,601 2.603 2.871 2.896 1*99 516 97 12U 111 Mo. 720 1*1,1*51 bl*2 6U2 635 33.51*7 1*0,005 110,019 1*0,193 1*5 31*5 75 78 69 3ui 295 "6^ 367 329 8!^ 1*6.768 1*5,120 1*2,599 1*0.913 1*0.977 i*1.73« I10.261 1*0,070 1*0,1*1*0 205 5,11*0 <*,609 I3U 1*95 5.137 532 535 5.1*15 91 92 99 5.037 8,029 212 222 220 1*88 1*98 7,1*93 7,761* 91* 127 118 126 U9 1U7 627 615 61*0 599 607 2U3 266 271 331* 298 6,271 6,265 6.559 6,188 32 Short-Term Foreign Assets as Reported by Banks and Bankers In the United States for April 1939 (In thouMuida of dollari) AeeetB as of foXlowlDg dates lOIAL SHOai-TIBM rOBIIOS kSSKS: Apr. 5Apr. 12. Apr. 19. Apr. 26. Kay 3- Unltad Eln^om Trans* Iflj Hatherlaads 15.306 15.259 15.369 3.085 3.532 1*6,772 2Ul,700 .695 96,1(1(6 127,861* 18.550 US.9U7 237,1*16 §:.853 95.372 78.990 17,811* 3.571* W.751 13,1*62 3.582 U,181 Ui*,707 1*8,387 1*7.988 52,21*6 91*. 79.1*37 237,028 23U,951 228.531 125.382 123,005 103,630 117.707 393 13.825 13.856 10,909 13.061 8I9 713 1*,230 51.15^ 17..097 910 1*9.91*7 ll*,2l*8 2l*,818 931* 1*8,527 5.306 5.203 5.228 5.122 5.825 2l*,l*85 3,888 It, 108 25.330 25.317 25.238 969 910 920 98.952 95.150 95.281 95.293 95.723 972 928 930 853 998 1.31*3 178 1*6.21*7 1,026 1,385 1.577 1.538 16U 1U2 150 1*1,270 1*1.570 1*2,819 1*1,504 0«r«aii7 80,398 62,297 10,821 10,762 10,852 11,670 11,U?9 78,095 13.097 17.879 17.937 38.913 1,1*08 1*89 38.701* l,OUl 1.113 7U2 1.068 U55 505 590 U16 1.970 1.915 1.910 1,886 l,8bO 3.325 3.231 2.U39 2,810 2,297 22,190 21.839 20,624 22,556 20.385 1.031* 368 330 155 2,173 1.555 1.292 1,817 66,175 63,i»2U 65,678 79.9'»2 19.11*3 Svltsarland Other Xurope 1*1.1*65 Total Bar ope Canada Latin Aaerloa 271 91*, 861 96,1*82 Tar Saat All other 11*. Qrand total 532.0 521.* 516.51*7 1*92.339 508,027 TOUl ASSETS FATABUt IB TOBIIOH CTJBBIHCnSi Apr. 5 Apr. 12 Apr. 19 Apr. 26 Mar 3 37.70U 38.953 36,960 Banke own deposits abroad: Apr. 5 Apr. 12 Apr. 19 Apr. 26 HV 3 682 71*2 368 719 286 109 115 117 128 l,l*gl* 1*,395 50,302 3.l*3l* 1*7.587 15.227 13.6U2 16.153 61*0 2,171 513 1,91*8 51*7 2,001 2,319 1,321 28,731 26,976 25.699 28,365 25.693 15.023 12,170 13.392 11,882 13.125 726 593 572 573 577 6.379 6,303 7,256 6,655 7,080 1.320 1.300 1.135 1,027 1,268 201 211 232 1.333 l6,0i*U 751* l*.175 1.3'*7 16,668 15.572 15.?82 778 700 733 1,760 U.lOl U.097 1*,058 l».595 598 71*8 926 1.552 725 1.370 Deposits abroad for account of domeetlo ollentai Apr. 5Apr, 12. Apr. Apr. ^: 3.'*76 3,621* 11*0 '*.591 lt,050 May U,U7i 126 129 122 13.2U7 231* 13,2ltl 236 3. Other assets payable In foreign curreneles; Apr. 5 Apr. 12 Apr. Apr. g:::::::::;; May 3 TOTAL ASSETS PATABLI II lOLLABS: Apr. 5 Apr, Apr. Apr. MV 12. 3. Loans to foreign hankei Apr. 5 Apr. 12 Apr. 19 Apr. 26 May 3 Acceptances aade for foreign banks: Apr. 5 Apr. 12 Apr. 19 Apr. 26 May 3 Other assets payable In dollarsi Apr. 5 Apr. 12. Apr. 19 Apr. 26. May 3. 197 1U9 955 1.527 989 851 633 116 137 137 151 131 2,266 2,819 2,826 2,656 2,b29 12,1*89 21*5 12.31*7 12,101* 21*5 128 130 127 137 227 131* 27,262 2U,720 9.1*13 79.909 13.336 9.7a 79.1*87 78.1*85 78.81*7 13.3ltl» 13.1*59 ll.57fa 15,818 15.319 15.375 15.069 77.679 11.237 15,bl*0 6,bU7 6,b81 6,776 6,86U 3.327 3.198 11,91*1 27.971* ^: 1,687 1.676 1,668 1.632 1.598 25,261 25.337 9.739 10,928 10,391 lU.623 12.153 U.136 3.8I3 15,1*92 '*,293 12,879 13.006 5.385 U,87l U.8O7 2,2U2 2,821 2,278 2.373 2.357 55.792 55.257 55.383 51*. 873 5U.6UI 8,038 8.210 8,113 8,018 7.1*33 2.197 2,20U 2,207 2,196 2,170 3.035 3.087 3.168 3.170 3.163 17.1*70 17.51*9 1.971 1.936 1.909 1,803 1.778 1,680 1.598 1,606 1.585 1.751 1*,582 1*.552 l»!357 7.832 7.985 7.930 7.916 7.971* f>.39i 17.326 17.110 16.6U7 3.1*37 1.755 2,026 11.517 11.562 11,288 11.719 330 565 603 1*25 1A3 1,1*1*8 1.51*8 1.721 1.739 1,672 1*88 706 502 1*92 51U 1.535 1.503 1.536 li*,8ll* 19,81*2 27.781 27.686 19.839 28,1*99 19,81*2 27.779 28,509 19.832 19.905 61*1 2l*,92l* 26,191* 3.898 3.795 697 737 72U 7K6 91,11*0 103.379 13.1*83 1*33,11*6 90.169 89.OU3 89.739 90.657 100,561* 12,891 12,837 9.999 12.1U1 426,698 421,266 397.046 19U 137 138,901 133.101 131.965 111.726 125,450 3.310 3.950 i*.lo6 1*2.059 190.51*6 187.1*69 i*0,6i*3 188,501 35.605 33.160 1*0,312 1B1*,61(4 3i*,3i.6 38.031 180,91*4 36,093 10.357 10,215 9,002 9.259 7.238 51.361 '*7.855 7.003 8,575 8.391 9.539 U5,69U 11.39t> 10.57U 9.937 9.718 9.858 9.613 85.098 86.559 82,972 83.523 3.902 3.820 3,661 3.803 3.577 21,611 21,907 21.923 21.195 a, 180 51*. 087 23.693 23,210 21,108 67.551 30, 68,031* 31.090 31.381 30,161 1*2.51*2 U8,ll*2 51,165 82,21*3 768 5^.36U 53.271 53.007 51*. 31*. 21,001* 21,120 97.675 78,313 92,1*69 9.770 70,573 8,81*0 67,1*07 6l*.U65 7.807 8,116 9.139 1*6,07? 59.07'* llt3 13. 819 2,1*95 13.295 12,6U0 13.098 13.229 2,107 1.829 2,079 1*,900 U.75I* 68,596 68,525 68,289 2,1*11 3U 30.981* 11*7 i*,5l*6 1,808 U,o6o 8,389 8,000 8. 201* 8.01*8 7.931* 25, a2 24,695 25.710 412,301* 110,211* 108,535 105,648 104,311 105,520 18U,031 185,062 183.653 181,009 181. 334 33 Security Transactions as Reported by Banks, Bankers, Brokers and Dealers In the United states for April 1939 (In thonaandt of dollari) Trantaotloiu daring v««k •ndsd- Unltad franc* KlD^dOB a«raAi)jr Italr 3.992 110 3.367 1.783 I.5I8 23 13 37 28 36 32 3.677 1.885 2,82U 6 1 32 13 15 7 7,327 U,3Ug l,l6fe 11 1,298 1 16 20 621 315 2,225 5U3 617 220 17 12 22 17 15 381 233 105 91 38 U,902 3.723 3.233 3,688 3.901 1.730 1.061 1,U22 »*5 5.161 U,260 U,36o 2,795 2,764 3.520 1.799 l,6U7 919 1.313 365 22U 102 b59 l68 uyu 5U2 928 ,102 83 letherlandt S»lt tarland Otbar Aaropa 8.U70 3.698 1,687 2.198 1.862 1.3U9 TOUL POBCEXStS II THI nHITIS STARS fOE KIHEIOH ACOOTWPl Apr. 5 Apr. 12 Apr. 19 Apr. 26 >tV 3 Porchaaaa of dOBieBtlc laouritiaat Apr. 5 Apr. 12 Apr. 19 Apr. 26 May^ 3 6.998 U,I»86 '*,751 8,080 5.03U 6,377 '1,150 .323 It. ,57 16 U.65O 2.267 3.203 2.831 2.022 '*.3i*5 2.033 3.1*4? 5.111* 3.263 3,U90 7.607 2,71*8 It.Ul 2.'U6U 2.1*83 1.871 2.875 Purchaaaa of foralgn lacarltlati Apr. 5 Apr. 12 Apr. 19 Apr. 26 MV 3 TOTAL SALSS IS TEX UFITED SIATZS TOE nSIIOH ACCODBT: Apr. 5 Apr. 12 Apr. 19 Apr. 26 »«v 3 Salaa of donaatlc aaeurltlaei Apr. 5 Apr. 12 Apr. 19 Apr. 26 »«w 3 Salea of foreign aoorltleat Apr. 5 Apr. 12 Apr. 19 Apr. 26 686 5,820 '>.73"* TOTAL FORCHASIS EnCTTni ASBQAC lOS DOmSTIC ACCOUNT: Apr. 5 Apr. 12 Apr. 19 Apr . 26 3 57 16 12 27 "•39 5 863 211* 701 .003 367 151 780 615 5.090 20 1.686 1.577 1.986 1.033 687 16 i.55« U.677 1,168 1.907 1.123 1.067 1*12 1*2 U2 '•5 1.1*61* 1.819 1*1 20 gk? bl5 16 22 130 9 3 2 H' 167 11*2 283 331 199 188 305 23)* 37 23 25 Ul 1*1 1 1* 109 3 ttajr >tay U28 91 72 1,1*62 2.562 1.1*85 1.337 29 1» 655 362 270 38 5 10 Purcb&aefl of doBoatlc eaourltiaai Apr. 5 Apr. 12 Apr. 19 Apr. 26 Hay 3 Porehaaei of foraij?! aacurltiaa: Apr. 5 Apr. 12 Apr. 19 Apr. 26 K«T 3 TOTAL SALSS IZKCTXD ABECAS TOE EOiaSTIC ACCODST: Apr. 5 Apr. 12 Apr. 19 Apr. 26 Hay 96 85 103 75 62 53i« 153 1,087 27 5 33 12 13 16 3 35 5 g 51 16 12 12 10 80 27 7 60 23 11 3 Salaa of doaaatla aaevrltiati Apr. 5 Apr. 12 Apr. 19 Apr. 26 Kv 187 2^6 96 113 377 a7 37 192 152 208 11* Salaa of foral^ aaonrltiaai Apr. 5 Apr. 12 Apr. 19 Apr. 26 t<* 3 U6 895 a7 198 33 12 12 80 13 11 16 60 23 7 Total luropa Canada Latin Aaarlea Orand laat ottaar total 34 Security Transactions In Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in the United States for April 1939 (la thonsandi of dollara) Transactloat dnrlag v«6k anded- Uhltad KlngdOB TOUL FDBCUASES II THE UtflTSC S1!ATISl Apr. 5 Apr. 13. Apr. 19. Apr. 2b. May 3. 3.605 1,388 1.719 1,025 1,U20 Fureliae** of doaostlc locurltlaal Apr. 5. Apr. 12. Apr. 19. Apr. 26. May 3. PorchAsas of foraign seouritleat Apr. 5 Apr. 12 Apr. 19 Apr. 26 •Uy 3 3.230 1,022 1,251 728 1,122 375 36b U68 297 298 TOIAXr SALIS II THE OVIIEI) SIAISSl Apr. 5 Apr. 12 Apr. 19 Apr. 26 MV 3 Salaa of donaatlc eaenrltlae: Apr. 5 Apr. 12. Apr. 19. Apr. 26. Nagr 3. 1,867 3.032 2,522 1,216 757 I.U69 2,876 2,099 992 57U Salaa of foralgn aecnritlaa: Apr. 5 Aor. 12. kfi. 19. Apr. 26. Hv 3. 398 156 1*23 22U 183 Tranoa Oaraany Italy laUwr- J. 35 Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities (In thousands of dollars) Tnssaetloaa during week snded- to 37 Purchaees and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers In the United States for April 1939 (Za thousaodi of dollars) Ciirr«iie7 Trantaotloai during v««k anded- tblted Eln^OB Traaa* lotherlands Q«rm&i7 Italr 512 21 773 129 3,1*22 Svltiarland Other Sorop* ofTotal lorop* Canada Latin Aaerlca far Xaat i.11 oth«r Oraad total TOUl FDBCHUIS: Apr. Apr. Spot 79.398 >W,789 2,861 5 'orvard Apr. 12 Spot Apr . 13 Torvard 57.61*0 25,6lM! 1.552 512 32I* 7 303 128 Apr . 19 Spot Apr. 19 Torvard 69.60U 35,100 2,281 51*7 521* 1*29 2U 110 Apr. 26 Spot Apr. 26 forward 81,962 3,162 662 lA.Tol* 1*18 23 Maj Ma^ 75,271 38.573 2.275 671* Slfi 62,287 5 3 Spot 3 Krward Forehaset froa hankst Apr. 5 Spot Apr . 5 forward. . • 25. U7 919 801 1*,018 1*37 122,1*27 26', 1*57 26,209 10.298 .021* 1.576 55 1,639 8 58,1*1*7 5.301 907 569 1.1*1*2 353 50 2.321 U3U 30 90.315 1*1*1 21,163 8,332 1,231* 1*1* 67.131 27.687 U.568 995 1*1*8 2.702 1,098 80,671* 1*82 1,981* 1*68 111,863 37.775 28.255 7.923 117 1,651 1 U7,l*67 5U5 113 2,870 2,561* 91*, 662 26,027 73 1*7,259 12,31*8 326 13 1.935 1.570 281 1,0% 2,897 879 123,231 61,196 6,801 1.783 1,666 3.565 1.328 90,81*7 1*2,728 32.551* 8.895 282 23 2.322 1.969 597 7 595 96 1.992 326 U62 17 633 128 2,811 2.057 830 72U 2,U66 779 71,1*81 29.11*8 18.115 6.219 863 12 3.508 1.162 i*.730 1*95 1,083 51.777 269 l,02l* "S 1*91 36 229 13.61*7 IU.637 5.736 1.297 3 2.069 1,058 61,1*82 23,61*0 21,256 386 117 1.193 796 50 i*,l*97 8U,367 29.050 2,589 8U5 77.1*87 17.733 7.560 196 13 1.227 857 31 96.67U 2 '•1.713 7U.839 115 12 itU 29,1*1*9 22,738 5.261 1.769 1*20 3,290 1,012 99.505 36.070 388 797 19.258 17.299 8,091* 1*,079 161 28,1*2** 1*3 SIO ^77 1*01 77 8 21,906 15.351* 81* 210 ll*,0ll0 6,526 2.596 50 l,02l* 389 27 22,563 17.737 19,192 6.999 96 3,1*26 791 855 1*18 1'*.135 1 27,1*96 18,1*17 17.175 13.978 708 713 250 26.557 1*,788 It 19,1*83 16. 008 9,816 13.279 3,631* 167 11 553 621 553 7 27.097 17.552 1*02 2.729 19 1*27 Apr. 12 Spot Apr. 12 forward.... "3.99,0 12.35"* 1,362 302 1*03 7 215 127 Apr. 19 Spot kpr. 19 forward.... 53.'*57 2.160 375 1*98 1*22 2,516 360 21,l|I»6 21* 110 609 18 Apr. aS Spot Apr. 26 forward.... 66,8U9 31,325 2,320 251 636 23 1*10 2,196 677 2,1*87 Ma7 Mar 3 Spot 3 forward.... 60.227 26,193 2.129 387 630 1*26 1,627 7 92 6.510 1.338 Porcbases froa ouatoa•ra othor than banks i Apr . $ Spot Apr. ^Torward. ... 17.111 15.672 869 76 Apr. 12 Spot Apr. 12 forward.... l'»,050 190 109 22 Apr. 19 Spot Apr. 19 forward.... 16.1U7 13.65U 121 1*9 Apr. 26 Spot Apr. 26 forward. 15.113 13.379 81*2 3 Spot 15,01*1* l*U 3 forward.... 12.380 IU6 127 3.020 283 1*71 711 68 5'* 291* Naj May . . 13.29'» 113 11*0 1 88 1 71* 33.281 6 7 38,1*20 126,602 53,622 91*, 003 36, S"*! 1.31*8 67,752 20.683 Ell 8 359 212 2.052 386 88 6?3 671* 77 26 308 372 291 39 l*U5 7 275 316 3.07U 2. 508 1,117 1.185 2.605 l.OUl 87.352 21*, 1*88 1*97 12,961* 521 2.752 2.938 liio 1*7.879 115.229 61*, 302 369 2 l*.i*58 71*1 66,207 32,030 21.009 7,860 1,686 22 1.779 775 U87 1.711 50 1,881* 66 2 89,1*55 1)1,826 99.1*02 102 5"* 26 bll 672 1*7 2,851* 135 167 n 1 3i* 8,291* 130 TOIAL SAUSl Apr. 3 Spot Apr. 5 forward l*2,7'»0 Apr. 12 Spot Apr. 12 forward 56.561 29,201 2.005 Apr. 19 Spot Apr . 19 forward 58,1*22 1*5.780 2.277 183 bOU U33 1*,283 1*66 2,1*98 68,983 27.590 319 2 932 2U 1.350 1*8,292 8. 361 212 2, 1*06 1.71*7 lOl* 21 k 58,616 Apr. 26 Spot Apr. 26 forward*. ••• 67.67U 2.51*1 1,257 1.010 2.356 1.332 77.007 316 2 2,219 1,259 105.392 60,1*70 25.751* 12.751* 96 577 51s 32 1,991* 55.231* 667 50 1* 7l»,l»89 Maj 3 Spot 61.351 5U7 596 6,688 5 5 2. 631* 165 26.236 15.1U6 271 11 10l*,l*63 1*9,031 3.220 1.799 80 3 forward 1,280 182 2,1*73 Magr 1.721 509 1.910 2.167 191 265 63 359 53 2,077 2,055 887 1.61*1 96I* 75 509 1.058 2.199 1*5 ,109 69,683 37,927 18,290 33.'t92 Air . 12 Spot Apr. 12 forward.... "5.307 20,9U6 1.327 295 171 176 3.932 513 15 995 52,1*21 15,280 619 23,369 6.75"* 169 50 772 1.702 9 2 Apr. 19 Spot Apr. 19 forward.... 1*6,252 30.1*12 1,1*26 U13 235 3.51*8 53.966 1 532 1,3''0 32,1*21 21,110 6,7H9 98 180 1.285 1.399 53 19 291 18 1,801 99 Apr. 26 3pot Apr. 26 forward.... 51.82J 1.751* 371* 281 885 1,666 981 1,1*86 57.586 19,108 106 l,ll*5 26 31 ,010 1,291 1*6.721 10,1*99 77.971 58.260 291 1*.937 81(0 56,61*0 1*1,576 17,772 11.755 11 1,287 1.678 27 11*5 2.177 1.791 Ul 2.050 75.767 55.020 95 26.073 Sales to banlcst Apr. 5 Spot Apr . 5 forward. 76.35>* 62,292 . . 519 2.335 l,U9i* 1*10 5"*! 9.ol*5 1*7.329 751 315 3 forward.... 37.1a 1(61* 5 ll>.0b2 853 206 352 997 n.69> I.69U 5 1 i*53 77 9.952 6.198 3.919 1*22 92 230 76 96I* 9,21*8 12 739 Apr. 12 Spot Apr. 12 forward.... 11,251* 678 123 193 156 5.729 1.106 9li* 2 13.786 8,661 318 21* 228 7 781* 8,255 526 217 Apr. 19 Spot Apr. 19 forward.... 12,170 15.368 851 8U 191 2 198 735 175 1*00 6 15.017 15,871 6,1*80 1 697 10 Apr. 26 Spot Apr. 26 forward.... 15.81*9 787 67 293 50 237 1,109 b69 276 870 Ul 19.1*21 13.71*9 M»f Na^ 1U,022 11.910 970 2J2 305 1.751 58U 1(1(0 I.0U3 37 8 Sales to custoaars otbar than banket Apr. 3 Spot Apr. 3 forward.... 3 Spot 3 fttrvard. ... 12,921 1*5 1 5 89.156 1*9.680 68,651 31.877 76,512 1*0,71*9 l,Ol'0 3 Spot Mar Maj 71,232 ll*,622 57 20,801* 182 9.91*9 1,121 1,612 221 32 22,890 17.867 6,61t« 210 1,071* 2.255 2 219 18. 763 8,ll6U 230 12,589 3.J91 1.186 232 31*8 27.i*a 16.229 53 16,212 38 Outstanding Forward Exchange Contracts as Reported by Banks and Bankers in the United States during April 1939 (la thousaadt of dollars) Corranojr of- Coatrsett aa of follovli^ dates lOTAL imCBiSt COITBACIS: Apr. 5 Apr. 12 Apr. 19 Apr. 26 Majr 3 Coatracts for parchasee frOB foralga eostoiierss Apr. 5 Apr. 12 Apr. 1? Apr. 26 3 ttajr Ooatraots for porchasas frOB doBsstio castonarsi Apr. 5 Apr. 12 Apr. 19 Apr. 26 •<V TOIAI, 3 SAUtS COITSACTS: Apr. 5 Apr. 12 i^pr. 19 Apr. 26 K»7 3 Coatracts for sala to forelga eustonarsi Apr. 5 Apr. 12 Apr. 1? Apr. 26 Hay 3 Coatracts for eala to doBastie eaatoBsrsi Apr. 5 Apr. 1? Apr. 19 Apr. 26 HW 3 Unlted Iln^dOB 308, U2q 300,55« 29U,lioi 302.159 291,297 93.876 83.767 83,027 S3,08>t 83,U67 ai«.553 216.787 211. 37U 219.075 207.830 325. '23 318.27't 309.919 319.638 308,U50 109,368 106,529 10U.005 105.971 103, 83U 216,055 211.7'*^ 205.914 213.667 201*. 616 fraaea "t.sos U.60l» Oaraaar Italy Vatbarlandt Svltterlaad Othar Saropa Total nropa Oaaada Latia Aaarlca last Ul (h>aad othar total OTHER MONETARY -30- STATISTICS 40 Balance Sheet of the Exchange Stabilization Fund Nweh Job* 30. 1938 31. 1939 ASSXTS: Oftsh: Tr««rar<r of tha U. S , Sold Tre&«iir«r of tb« U. 8., (1,800.000,000.00 . Checking Account federal Beserre Bank of Hev York Special Account Dlaburelng Offlcere' Balance! and AdTaace Account Accoimt* BecelTable: Due frOB Trench Cable Company $1,800,000,000.00 l,6U3.gli9.a5 l.eub, 586.21 100,765.630.03 37.362.19*1.'* 11,S29.0U tl.902,UZl. 308.32 5.007. 3U , Special Account* of Sec '7 of Treasury - Ted. Bee. Bk. of I. I.: Special Account lo. 1 (Gold)* Doe fro Torel^ Benke (Toreign Ixchange) Trance Belgaa Sterlli^ Oentral Bank of China (Secured Seposlti) 165.000.000.00 Tnan (Oold held ae collateral $Ug,g38,3U0.g9) 6S.Ua3.g95.3^ Toan (Sold held aa collateral $19.379.015.65 , Isreataenta - U. S. Treaaury Bonda** Accrued Interest Bacelvahle** Other Aeeounta - Deferred Charges Comodlty Sales Contracts ( Deferred Charge) , Total Assets LIABIUinS AID CAPIIALl tZ, 000, 000. 000.00 Capital Aecennt Due to Oentral Bank of China 605. 7« Accounts Payable Coismodity Sales Contracts... ..•• Touchera Payable Due to Foreign Banks ••••*••••.•••....• lamlngs** Deferred Credits - add Qeneral Xxpenoee - deduot*** Total Liabilities and Capital See Schedule 1. ** See Soaedule 2. ••• See Schedule 3. * 8,651.00 10.235.737.'t5 310.250.56 10, 5U5, 988.01 671.5110.03 9.g7U.l(U7.9g $2,009,877.70^.76 23,662.32 $1, 839,030, W*2.97 41 Schedules for Balance Sheet of the Exchange Stabilization Fund Schedule #1 Special Account #1 - Oold Sehedul* ihowlsg location of Oold hell l>y and for account of the Exchange Stahllliatlon Fund. 48 Gold Assets and Liabilities of the Treasury (Is allllou of dolltrt - on batlt of dall7 Tr*arai7 stataMati unrerliel) Xsd of etlnitr jraar or Boath (/) C^ o I. 5. q;5 ' — i^ _l X z (- _ O CO 3 > ^ C/) ^ -I c <o _!— ^ ^ — 44 Components of Silver Monetary Stock (In million* of dollars - on l)aale of dally Treasury statenenti, rcTlaed) bd of calendar year or onth 45 Net Movement of Sliver to and from the United States (Is thoasandi of dollars - as reported ty n. S. Department of Comneroe) Ket Importe fron or net exporte (-) to: Calendar 7«a a^ Bonth United Other Europe Eio^OB Canada 193I* 36,521 190 U38 1935 1936 1937 1938 2'<5.133 2.'»57 12,ll»7 53.393 3'*. 120 13U,26U 856 -25 15.396 2/ 1938-June. 13. 813 20 July. kag.. Sept. 8.957 't.305 5 k 15.301 't.300 10.169 15.778 17.075 Oct.. Hot.. Dec. 5.'»16 6.798 10.915 -it, 1.550 2.920 i.oits -7.'t51 362 968 696 3.906 10.199 7,U08 6,786 7.381 13 86 680 2U9 6 519 2/ -1.250 57 73 30 608 978 I9U 181 173 U6 U.310 2/ 663 7O8 2.767 2.635 1,876 -993 -695 -1,200 U9g 631 708 312 277 239 2,737 2,635 3.112 -1.21*3 739 219 -1.093 -750 1*91 ^^} 2gU 3.19'* -1.250 3.225 3.702 -1492 71*2 32'» I.IOU 1.017 3.038 19 13 12 263 5U5 899 Brltlih India -338 188 193"* 1935 1936 1937 1938 3,02lt 5't7 China 21.967 227 69,996 5.61U Eon« Ion« -2Ult U6 ]l Japan II 759 38 17 6g 582 &9U 57"* 18.931 69 108 130 19 18.133 70 23,813 2U,l63 20,189 126 117 lUg 121 166 171 10,065 u/ 223.ltU9 U,58lt 22.635 '•3 Dec. 61 1.13 20U IU6 131* 8,658 1132 8 7.87't 250 270 630 502 588 270 326 217 121 228 25 9 6 5.089 Teh.. Mar.. 5i* 305 86 Aor.. May.. June. 3/ 8lt Oct.. Sot,, 19 39 -Jan. U/ 63 3.22U 3U2 50U 10,808 U/ ^5 Total net Imports or exports (-) All other 86,17U 335.730 170.851 79.835 13"* 81*3 2.1UU 1.271 2.930 k 61 223 321 252 3t 118 kS U33 617 303 3.''63 July. Aug. Sept. 1/ 2/ Other Alia 2.873 6,787 150 1938- June. 611 2,858 2,918 2.600 1.956 Net iaporta from or net exports (-) to: Calendar year and Bonth 381 -1,228 2.738 3.098 U85 372 Apr. Hay.. Jun«. W.715 -5. 611 -8.951 87U 988 809 2/ 31 5.105 U.083 -3.780 U36 20 -k 8 1939-Jaa.. Feb.. Mar.. 21.995 58.325 29.925 30,203 Other Latin Aaerlea Peru Chile Cube 5.319 Less than $500. Includes net Import of $12,950,000 from Trance. Wgures for July, Sept. and Hot. I938 include Mt imports from Trance of Includes net import of $9,791,000 from Slam. $1», ^? 160 5,2«1» iSlw? 301,000, $U, 300,000 and $U, 301,000 respectiTely. Seigniorage on Silver (In Billions of dollars - on basis of daily Treasury statements) Sources of Seigniorage on Silver Bullion EeTalued 1/ CuimilatiTe from Jan. 1, I93U to end of Calendar year or month Seigniorage on silver and minor coins Mi so. silver (Incl.flllTer bullion held June lU, 193I1 I93U 1935 1936 1937 U.5 18.5 U6.1 63.7 U8.7 U8.7 1938-Jnu. 67.3 July. Aug.. Sept. Oct.. Hov. Sec 1939 -Jon. Feb.. Mar.. Apr. May.. June. 1/ Hewly-mlned silver (Proc. Dec. 21.1933) Silver Purchase Act of June 19, I93U Nationalited silver (Proc. of Aug. 9, 193U) Total Seigniorage on silver revalued Potential seigniorage on silver bullion at cost in Ocneral Fund 51.1 28.5 3>>.5 U8.7 36.0 5g.0 226.2 302.7 366.7 3U.7 3U.7 12g.7 326.2 U22.1 50g.l Ug.7 b6.3 UU.U 3^.7 561.1 652.2 67.". 1*8.7 67. 67.5 68.0 Ug.7 b9.U 70.1 3U 3U 567.2 573.2 579.2 66g.U 67g.5 1*8.7 U16.O U20.U U25.7 68.5 68.9 69.5 1*8.7 71.6 U8.7 Ug.7 73. 5g7.6 600.2 bl6.o 710.0 737.0 773.9 69.9 70.2 70.7 U8.7 Ug.7 Ug.7 76.0 77.U 79.0 U6g.o 627. 633-9 UgO.3 3^.7 6U2.7 790.0 809.g 825.1 71.0 71.9 Ug.7 Ug.7 Ug.7 gO.l gl.2 82.9 UgS.g U93.1 501.6 3j*.7 650.3 657.7 667.9 8UU.0 859-7 879-0 73.>' lt8.7 .U 16. 7U.9 U32.6 UU3.0 U57.7 3U 1* 3^ 1*73.1 3^.7 3'*.7 niese items represent the difference between the cost value and the Bonetary value of silver bullion revalued and held to secure silver certificates. 137.5 276.7 398.U 5''3.9 693.'t 46 Value of Selected Currencies In Terms of Gold 1928 < 100 United States 1931-I)ec. 1932-Deo. 1935-Dec. 193U-Dea. 1935-Dec. 193&-Dec. 1937-Deo. 100 100 bk United Klngdon t>9 Prance 100 100 100 100 100 70 59 59 59 59 b7 67 bO 60 60 bl 59 bO Us kz Sept 59 59 59 bO 59 58 Ul Ul Oct. Hot, Dec. 59 59 59 58 57 57 Uo 1939-Jtt. Mar. 59 59 59 57 57 57 Apr. May. June 59 59 59 57 57 57 1938-J^iae July Aug. 51 Setherlande 100 100 100 100 100 80 82 dtfltser- laad 101 100 100 100 100 70 Belgllim 71 100 100 100 100 72 72 72 70 72 81 80 70 70 79 69 72 72 72 80 80 80 70 b9 69 72 72 72 UO Uo Uo 80 69 69 69 72 72 Uo Uo Uo 78 79 78 69 72 72 72 MO Uo 79 78 69 69 71 Japan 87 Italy China 1/ 47 Ratios of Index of Wholesale Prices In 39 Countries to Index of Wholesale Prices In the United States 1935 = 100 If 1 MISCELLANEOUS -48- 49 Commodities Imported under Quota Provisions PrellBlDArj figures for eix months of 1939 Comodlt7 50 Summary ^ i * -m^. .^ Treas. HJ 10 U.S. Treasury Dept. Treasury Bulletin .kl 1939 C.2 Treas. HJ 10 .A2 U.S. Treasury Dept, 1939 Treasury Bulletin
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