Full text of Treasury Bulletin : May 1939
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COPY No.2 LIBRARY ROOM 5030 JUN 9 1 1972 TREASURY DEPARTMENT RSFSRENCE ^ To be used in Treasury- Library BULLETIN OF THE TREASURY DEPARTMENT MAY 1939 Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics TREASURY DEPARTMENT OFFICE OF THE SECRETARY v> BULLETIN OF THE TREASURY DEPARTMENT MAY 1939 Analysis of Receipts and Disbursements Composition of the Public Debt Capital Movements and Monetary Data Other Treasury Statistics TREASURY DEPARTMENT OFHCE OF THE SECRETARY Table of Contents Receipts and Expenditures First Ten Months of Fiscal Years 193^+- 39 Expenditures by Classes, Receipts by Sources 2 .. Social Insurance Accounts 3-g 12-13 Cash Income and Outgo ll^ General Fund and Public Debt Composition of the G-eneral Fund Treasury Bill Offerings I7 Composition of the Public Debt I9 . Net Market Transactions of Treasury Investment Accounts Holdings of G-oveniment Obligations Computed Interest and Yields on Public Debt Issues Ig I9 21 22-214- G-overnment Corporations and Credit Agencies Assets, Liabilities and Proprietary Interest Sources and Uses of Funds 26 27-28 Issues Outstanding : Financing Operations 29 29 International Capital Movements Summary Table Short-term Foreign Assets and Liabilities 33-3'*- Security Transactions and Brokerage Balances 35-36 Transactions In U. S. Domestic Securities 37 39-'W Foreign Exchange Transactions 3I Other Monetary Data Gold and Silver Stocks 42-W- Silver Production, Movements and Seigniorage 44-1)5 Foreign Exchange sind Price Data 46-4-7 Miscellaneous Commodities Imported Under Quota 49 Law Enforcement Statistics 50 FEDERAL RECEIPTS AND -1- EXPENDITURES Summary Table on Receipts, Expenditures and Public Debt (In mllllont of dollars - on batli of dail7 Treaeury itateBents* xmrerlsed.) • Monthly Receipts, Expenditures and Excess of Expenditures (la Blllloat of dollars - on ^aats of dally Treasury atataDent*. xmraTlaad) Apr. Jan. Hagr JIJ2U JuX7 lae. 8«pt. Oct. lOT. Baodpti I93U... 1935- -• 1936... 1937... 1938... 1939-. ai 203 228 28U 335 308 206 aiU 218 275 U20 601 752 182 328 ,011 231 363 960 737 268 256 335 375 2^3 529 868 77U U83 596 6U3 858 ha. U99 788 711 260 235 272 333 332 2U7 23U 233 327 382 588 b83 702 765 790 805 681 612 771 598 535 699 678 637 728 680 870 530 570 351 301 336 172 296 262 203 211 -186 166 Uit9 218 27? 29l» I4O9 311 70U Izp*ndltxir«« 1931* 1935 1936 1937 1938 1939 Bxo«8B of axp«ndltnreB 193^ 1935 1936 1937 1938 1939 Votoi 720 U88 93U 580 57U 538 588 53U 693 I»89 6I1U 613 528 662 815 752 879 509 728 317 271 338 179 2U5 160 -27 -108 -196 -208 lUa 285 310 30U 199 385 785 6Ug ^ 564 569 1.295 93? 611 616 6bl 677 763 2ue 350 637 252 395 1.909 U27 163 393 337 367 268 U52 2, '•38 561 U3g 592 558 683 275 786 1462 557 U17 39U 370 518 2U9 105 196 95 167 18U -86 HogatlT* flgorot d«&ot« oxooos of roMlpts. Summary of Receipts and Expenditures (la mlllioua of dollar! - on basis of dally Treastiry stateaentt, unrevlaed) 1/ 71 seal year or month 6I.7 1(09 279 U39 BUDGET RECEIPTS. EXPENDITURES AND EXCESS OF EXPENDITURES January 1934 DOLLARS I934 1936 1935 Date to 1937 1938 1939 DOLLARS Million* Millions Receipts 1.200 1.200 1,000 1.000 800 800 600 600 400 200 lili Hill JMMJ SNJMMJ SNJMMJ SN JMMJ SNJMMJ SNJMMJSN 'I I 1.600 .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 SNJMMJSN ' ' ' 1.000 1,000 Excess of Receipts 800 or 800 Expenditures 600 600 EMC9a9 of Bxpmnditurmw 400 400 200 200 n fxc«#* 200 400 I 200 of /i%c%ipt9 JMMJ JMMJSN SNJMMJSN SNJMMJ JMMJ 1938 1937 1936 1935 1934 I I I I ill I I I I I I I I I I III I I I I I I I I I I III I I I I I I I SN I I I I JMMJSN I I I I I 1939 I 400 Expenditures - General (Ib llllont of dollars - on Iwili of imilj tnntair ttateBaBt, wu«Tl«(d) fiscal Tear or moath Total 1932. Departmental Hatlonal defense 95« 807 70S 668 USO 53^ 764 % 1935. 1936. 1937. 1938. 505 570 1938-».pr., ^'^ Hsy.. June. "5 U7 July. 70 Sept. 61 Us Oct. VOT. Deo. 785 763 117 118 15U 81 86 50 91 9U U56 52 77 91 U6 UU U6 87 U6 Soeial SeOQTtty and Ballroad Batlrenent Aots Interest on the pobllc dett Other U60 238 188 290 25 28 22 65 66 9 233 58 33 25 27 28 26 Uo 33 10 lil 18 25 18 63 70 53 25 23 23 U9 28 lU 67 6 9 1 173 7 Ul 3U 61 33 9U 23 22 2U 2U 30 17 120 6 10 13 37 66 17 289 80 Us us U6 U6 U5 ClTlllaB Coneervation Corps 599 6S9 757 821 7U9 S66 926 U60 Us lerlonltural IdJostaent prograa Works 1/ 556 576 580 582 Us U7 8U 90 92 Apr. 2/ foMlo 97U 1939-JaB. Teb. Mar. 1/ Veterans * Adnlnlst rat ion 712 533 527 362 325 30 31 70 60 2U 2U 35 Us f' U7 U9 I 150 29 2/ 321 9S 13 \u 169 1U3 172 16 19 18 Includes jatllc Volldln^s, pnMlc hlgterajrs, rlTers and hartors, Tennessee Tallaj Authority and reolaaatlon projects. Included under Becorery and Sellef In these years. Expenditures - Recovery and Relief (In illlons of dollars - on hasls of dally Treasury statasent, unrerlsed) 71 seal year or aontb Pablle works, Inelndlag voA relief Total «PA 1932. Other Agricultural Aid Aid to Miscellaneous hone oiniere 625 385 2,763 3.369 3,UUl 3.073 2,238 1,26U 1,896 1,U72 U9U 816 7SU 7U1 3U2 202 206 51U 1U6 15s 166 21 25 29 216 Sept. 2^6 243 172 193 19U 26 2U 36 Oct. lOT. Sec. 262 2U8 307 207 I9U 219 ^ 10 73 11 1939-J«n. Teh. Mar. 257 25U 297 185 160 201 P 61 Apr. 266 173 6U 1937. 1938. 1938^pr.. May.. June. July. Au«.. 1/ 2/ * ( Ballef ) UU 500 303 182 loU 215 5f 36 125 {•) l.SUU 1/ 2.3U8 1/ 985 1/ 1 U9 Us 157 6U 170 2/ 11 102 2/ 23 20 17 3 15 9 U 10 9 13 (1) Includes funds expended for CiTlllan Conserration Corps during these years. Includes SgU.OOO.OOO restoration of ciyiltal lapairaent of Conmiodity Credit Corporation. Less than $500,000. Indicates excess of credits, dedtict. (U) 9 3 lU 20 32 25 (•) (•) ' 6 Expenditures (Itt Revolving Funds (Net) llllou of dellari - ea and Transfers to Trust Accounts, etc. bull af i»ilf trtmmj •tatramit, naraTltad) fratfort to tmat aceouata, etc. B«to1t1iic fuaAs (not) TisOal J9BT or Math igrlsnltaral Aid fotal 6S 7U 1932 1933 1935 1936 1937 193« la (33) (18) (13) 9 16 12 (•) (•) (•) 16 13 5 (1) (1) (1) 6 lU 11 11 193«-Apr May Jaa» JUr ta« s^>t 13 10 Oet 10 or Dm 1939-Jaa Tob Nar Apr • ( ) T"* 30U Vt SS2 IJU SOU Laaa than $$00,000. ladloataa axeaa* of orodlta, dadoet 6 9 U (1) (e) 8 8 \:\ (•) 6 11 6 6 10 (•) Old-JLc* Total BooorTo Account Adjnatod Ballroad Serrlce Botlroaeat Cartlfloat* Acoormt Tusd 200 100 50 50 1.773 556 221 121 6z 3U6 lUl 193'» Pnblla Work* 71 71 l,8lU 868 607 265 387 19 2 11 2 1U7 22 10 12 32 32 32 12 16 16 50 68 37 50 50 IS 55 55 Its 39 a 21 Ul H7 73 8 38 38 33 UU U8 21 21 1 1 U5 OoToroaaat faplOTOOa Ratlraaaat Fuada (U.S. ihara) 75 Collections of Internal Revenue (In thousaode of dollare - on baelB of reports of collectlone) nrit 10 Bonths April Soxircee of Revenue year 1938 1939 1938 11.338 12.530 18.639 12.387 126,319 870.928 122,230 6.623 8.3U1 U60 7.512 7.363 ^,8^k 770.705 7l,811 21.216 935.336 75.151 25.933 39.292 18,805 1,780.130 2.029.578 Income taxes: Corporetlon Current Back Individual Current Back Sxcees-profltB Total Income taxes Tax on unjust enrichment 566 Mlscelleneous Internal revenue: Capital stock tax Vetete tax aift tax li»l Alcoholic l)evere€e taxes: MstlHed spirits (imported, excise) Sletllled spirits (domestic, excise) Dletllled spirits rectification tax Vines, cordials, etc., (Imported, excise) Vines, cordials, etc., (domestic, excise) Brandy used for fortifying sveet wl nes Sealers in distilled spirits; rectifiers; manufacturers of stills (special taxes) Stamps for distilled spirits intended for export Case stamps for distilled spirits bottled in bond Container stamps Floor taxes Fermented malt liquors.... Brewers; dealers in malt lictuors (special taxes). Total alcoholic beverage taxes Tobacco taxes: Cigars (large) Cigars (small) Cigarettes (large) Cigarettes (small) Snuff Tobacco (chewing and smoking) Cigarette papers and tubes Leaf dealer penalties, etc Total tobacco taxes 328 5.187 5.008 32.673 953 1S6 21,360 1,166 126.892 271,186 27.519 138.932 321.389 32.013 1.776 1.690 21,119 21.577 21.929 17.526 219.687 193.599 887 719 9.276 9,311 35 28 131 Us t31 382 5.052 I.6I0 288 153 791 69s Miscellaneous internal revenue - continued Manufacturers* excise taxes: Lubricating oils Casollne Tires and inner tubes... •• Automobile trucke Other automobiles and motorcycles Parts or accessories for automobiles Slectrical energy Badio sets, phonograph records, etc Mechanical refrigerators.. Firearms, shells, and cartrldgee Pistols and revolvere Toilet preparations, etc., (including repealed 5i tax) Matches ( Including repealed taxes) Brewers' wort and malt (repealed as of 7/1/38). Articles made of fur (repealed as of 7/I/38). Sporting goods (repealed as of 7/I/38). Cameras and lenses (repealed as of 7/I/38). Chewing gum (repealed as of 7/1/38). Total manufacturers* excise taxes 63 58 1/ 1/ ho 60 698 81*1 6 I9.9't7 20 1.756 386 8.106 5.113 205.157 1.891 216 8,119 8 220.315 39 U2 2.577 2,810 16.277 12.035 I83.35I 169,726 10.197 98 959 9 10.563 111 18 11 107.917 5.707 106,012 5.556 111 15.073 1.231 11.166 960 5 1/ 6 1 is. 539 13.583 170,516 I67.687 1 1 36,808 5112 37.580 529 071 1,123 lUlt It, 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 inl tlati on fees Adulterated and processed or renovated butter, mixed flour and filled cheese. Oleomargarine Including special taxes Narcotics, including marihuana end special taxes. Coconut and other vegetable oils processed National Firearms Act All other, including repealed taxes not listed above Documentary, etc., stamp Total miscellaaeoue internal revenue taxes: Total documentary, etc. stamp taxes 1/ Less than $500. 1.U2U 1.500 16.187 17.113 1.259 226 1,113 15.057 3.632 16.263 3.589 3I7 53 1 173 131 1/ 192 2I9 3.258 2.962 3.153 35.298 10.357 Mseal nscal year 1939 year 193« 1939 193« 2,191 15,182 1.161 567 2.157 16.136 2.186 7I8 25.152 172.816 28.599 1,782 26,092 173.721 27.253 3.661 1.290 33.391 39.161 588 3.281 675 3.251 6,562 33.235 7,091 32,000 287 8I9 231 1.097 1.297 1.720 5.203 7,556 155 115 2 1 2.176 52 2,119 70 719 1.661 9.000 13.691 1 177 126 1.U03 1/ 38 12 111 21 227 331 5.128 79 565 833 5.102 5.999 1/ 125 187 1.170 1/ 82 106 8l1 31.750 31.366 327.013 357.619 309 5.122 238 1.975 2.965 55.332 2,791 22,236 2,013 2.097 20.109 20.308 735 891 9.111 10.651 172 171 1.658 1,692 1.385 1.511 16.371 17,782 155 156 1,918 5.212 1 1 18 20 71 91 1.787 2.008 17 ifa 311 327 2.565 1/ 2.358 23.171 23.267 1/ 5 7 93 266 1.188 13.119 12,931 136. 33I 107.522 170.111 162,060 1,881.112 1.935.215 62.529 70.093 I53.55O 111. 631 5.5I2 6.109 91.103 81. 890 68.071 76.502 517.653 526.521 1,613 11.781 83.180 137,350 , Total miscellaneous taxee Bonds of indebtedness, issxiss of capital stoclc» deeds of conveyance, etc Capital stock and similar interest Bales or tronsfers .•••• Flaying cards Silver bullion sales or transfers Sales of produce for future delivery (repealed ae of 7/1/33) Tlrst 10 Boathn April Sources of Revenue nseal Tleeal year 1939 Payroll taxeet Social Security taxes (Social Security Act): Taxes with respect to employnent (title Till), Tex on eoployers of 8 or more (title IX)..., Total Social Security taxes Carriers Taxing Act of 1937. Total payroll taxes Total internal revenue,. 69,681 91.283 631.133 663. 87I 279.986 302.176 1.297.892 1.633.705 Collections of Internal Revenue (In thoueaode of dollars - on baelB of reports of collections) Income and Profits Tlscal year or nontli Total 2.939.05^ 3,ouo,iU6 a,U2e,239 1.557.729 1,619.839 2,672,239 1929 1930 1931 1932 1933 IndlTldnal Total Payroll Taxes Social Security Act Corporation 1/ Title 2,331,27'* 2.1*10,259 1,095.51*1 1.235,733 1,11*6.81*5 1.263,1*11* 860.050 1,056,757 7'*6,79l 833.61*8 1*27,191 352,571* 1,026,393 629,566 39'*, 218 1*00,11*7 1. 1935 3,299,'*36 819,656 1.105.791 619,509 527,113 1936 1937 1938 3.520.208 1*27,1*1*8 6711.1*16 't.653.195 1.091,71*1 5.658,765 173,769 2,622,813 302,1*76 1*8,805 ll*,905 33,900 277,765 7U7.295 l*2,l*q2 550,71*3 17.839 257,986 292.757 193"* 1938-Apr., Majr. June Jnly A««. 1,286,312 Carriers' Taxlnc Act Total 578,678 753,032 1,082,028 1,336,501 nil Title IX of 19J7 US 1*8 287 265,71*5 71*2.660 207,339 502,917 58,119 90,267 91.283 73.859 U.927 70,092 56,957 ',328 6,UlO U,78U 592 l'*,781 77,707 85,736 2.86U 61,026 65,608 5,181 5,509 779 11,500 2,071* 2i*,653 11*9,1*76 12,118 7 350,1*26 1*2,923 362,286 682. 5UU 609 12,761* 30,921* 21,81*5 1*95,51*8 227,573 267,975 315,061 30U,572 662,252 1*2.162 36.1*91 1*81.509 9.1*68 32,691* Hot. See. 12,513 213,622 23,978 267,887 81,508 81,979 2,939 59,282 6U.60I 7,287 U,731 2,l*ll* 1*83 1939-Jan. 32,531 25.191 207.259 98,992 125,870 3.855 59,035 7U,571 25,150 37,69U 2,1*10 1,71*7 13,605 -302 2l*,328 69,68U 62,529 5,5'*2 1,613 Sept. Oet.< 31*, 11,99? 315.8^5 Tei. Mar., 51,598 57,52U 69l!wi 1*98,1*71* 19,067 32,333 291,215 Apr.. 279.986 39,292 ll*,96U KlsoellaneouB Internal Revenue fiscal year or month Capital stock 607.780 629,887 568. 189 500,972 1929. 1930. 1931. 1932. 1933. 1931*. 19351936. 1937. 1938. 1938^pr.. May.. June. 61,897 61*. 770 1939-Jan. 16U.858 Tell. 11*9,685 U3U,l*i*5 10,1*32 8,701* 1*41*, 3?0,038 342.275 378,81*0 505,1*61* 501,166 379,5110 3'*. 1*3.171* 258.911 W5.5'*« 591*, 21*5 552,25'» 1*1*9,851* 1*16,871* 567,979 568,182 1*16, 75"* 25,526 1*2,035 1*1*, 1*3,583 1*9.633 3"*, 2l*,923 50,862 31,1*08 U7,U6l 54,432 50,952 34,31*1* 38,550 203 5U.0U9 52,1*1*0 25,61*5 183,1*31* 50,822 60,362 11,653 191,131* 2,552 1*6,291 361* 57.573 51.270 1*7,539 322 37,51? 29,324 33,701 5i*,603 185. 659 177.01*1 27,828 22,062 38,151 35,918 U2,l*6l 1*7,356 1*7,359 1*0,837 1*9,321 33,626 1*6.277 1*2.539 21*1,655 Mar. 188,771 300 16U 213 Apr. 170,1*1*1* l4i 166 34U 138 1*50,339 1*11.022 2,021,075 2.207.608 2,287,075 Oct. Hot. Dec. 12,777 11,695 Stamp 21*7,751 310 113.138 212.112 228.760 Tobacco Manufacturers' excises 1*25,169 1*59.179 1*7,1*22 162,061 160,952 190.879 Alcoholic hevera^ee 277 398,579 402.739 1*8,078 873,01*8 1.1*81,160 1.667,1*23 July. Ave.. Sept. 1/ 2/ Xstate and Sift 27,296 52,522 22,51*1* !*7,2l*l* 12.6U U2 ll*,807 Agricultural Adjustment 322 25,010 18,310 14,026 87.496 147,156 108,194 92.132 98,28? 131,704 31*, 371,1*23 526,222 71,637 6,073 6,217 3'*,050 14,675 12,520 13.962 1,036 286 698 31.517 31.399 Jl.087 15,060 15.248 12.951 763 7W 355 13.031* fXTe 13.556 12.178 397 438 301 31.750 13. ll^ 566 31*. 11 if k6z 30,445 2,962 Unjust enrichment 12,931 11,396 12,787 367 27,727 43,815 Miscellaneous li*,6l9 Including excess-profits tax collections. Including tax collections ualer the Sugar Act of 1937 and under the dlvidenCs tax imposed by the Act of June 16, 1933, 10 Customs Duties and Taxes Estimated, and Value of Dutiable and Taxable Imports, by Tariff Schedules: First 8 Months, Fiscal Year 1939 (In thouaanda of dollara)!/ ODth . 11 Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports into the United States: First 8 Months, Fiscal Year 1939 Bat* of tax Ally S«pt«a%«r Atl^uit Ooto^r December rirtt 8 aonthe Tltoal year Tebruarjr Jasuarjr 1939 Satjr-free articlee l/: Crude petrolcua fyiel oil and gae oil derlTed from petroleua* and all llq:ald derlTatlTee of orude petroleum except lubricating oil and gasoline or other motor fuel. Oaeollne or otber motor fuel Lubricating oil Paraffin and otbar petroleum wax products Seed olle Oil leede Animal, flih and coconut oils Copper Lumber of specified types Coal and related fuels y Total. Orand total. 1/ 2/ 3/ u/ ^ 6/ 2/ $387,938 $1*9*, 821 $287,862 $281,991 $2,986,020 13^.798 101.372 126,058 136,560 111,501* 116,562 1,086,058 16 1,127 667 978 27 1.&77 519 551 8.217 132.357 20,960 150,121* 161, 01*2 51.363 1.086,352 262, 832 $503,063 $320,672 $300,928 ygi. 108,522 256.682 aW 11 2 •^gal. gal. 1*2 6U3 1^ lb. lb. 27.878 100,861 25.377 27,180 106,818 15,061 U9,286 1U8 100,829 4^ Various 2/ liy lb. $1.50 H ft. ^ 10^ 100 lbs. 7.8I9 lit. 135 562 $1*38, 1,03 5.36 1 1 17.768 15,6ll* 2.582 113. 12U 129.666 167,031* 37.953 1|1»,085 32.559 2l*,023 29.925 175. '»50 32,1*U 56,001* 13 76,155 126 32.966 66 19.55^ 29.953 99 78.318 1*1*3,065 11.970 IU.350 12,1*51 11.223 12,163 12,685 96,796 2.1*55 332 1,1*91* 1,651 11*2 59U 166 6,660 817, U20 8U2,170 676, 1U3 821,978 763,236 800. 290 679.929 723.738 6,l2i*,90i* Various 5/ $535,685 $779. *8 $195,850 $66,019 $1*1,776 $20,595 $22,882 $59. 95"* $1,722,009 Various 5/ Various 5/ 85.75U 85. 851* "3.107 51*, 1*21 30,607 i'*.735 7.75^ 35.911* 2 358,11*6 3.'*80 3.917 l6,U58 10 i Total Satiable articles U/t Cane sugar Cane sugar (from Philippine Islands). Beet sugar iirtioles composed In chief value of manufactured sugar . Pool oil and gas oil derlred from petroleum, and all liquid derlTatlTes of crude petroleum except lubricating oil and gasoline or other motor fuel. Lubricating oil Paraffin and other petroleum wax products Seed oils Animal and fish oils.. Palm oil Coconut oil (from Philippine Islands). CocoBat oil Copper Lumber of specified types 7W gal. .511*1)^ H H gal. gal. U lb. It. 6/ 1,216 i,6eo 1.838 2.111* 2.1*5 1,810 1.1*38 23 2,260 18 58 168 19 21U 25.067 100,869 71.671* 9.900 3 i*Mib. 1.363 3? lb. it lb. li lb. 54 lb. 3. '•78 69,706 , Various ]J $1.50 M ft. 2/ 132.»13 1,126 1(01 211 515 13.'*59 12,2Ul 17.710 12,921* 5 7 2 220 1*9,8^ 831 85 15.391 926 570 322 10,675 695 16.066 671 786 8.91*7 10.779 63 U.372 1*77.631 U.727 102,801 a. 107 36. 777 52.500 1*8,623 39.533 1*1,786 U2.626 1*2.785 325.737 729. U17 1,052,528 338,577 285,561 202,969 98,701 137.207 170.553 3.015.513 1.5^.837 1,89U,698 1,011*. 720 1.107.539 966,205 898,991 817. 136 89U.291 9,11*0,1*17 The total of the taxes herein correeponds to the total of the column headed '*7ree List" in the preceding table. Tax in cents per pound: hempseed, 1.2l*; perilla seed, 1.38; kapok seed, 2; rapeseed, 2; sesame seed, I.IS. $1.20 M feet from Cuba. The total of the taxes herein corresponds to the total of the taxes on copper and sugar in the Miscellaneous column In the preceding table, plus all taxes Included in appropriate tariff schedules. 0.51'*1*^ lb. on less than 92 degree sugar; 0.1*65^ lb. on 92 degree sugar and 0.00875^ lb. additional for each additional sugar degree. On the total sugar therein. (b) (a) 1*^ lb. on ores, concentrates, and articles In tariff paragraphs 316. 380, 381, 387; 3/ 1^- on dutiable articles, excluding those in (a). In which copper is the component material of chief Talue; (c) 3 percentum ad valorem or 3/1*^ lb., whichever ie lower. 1* per centum or more of copper by weight. on dutiable articles excluding those in (a) and (b). containing 13 Receipts and Expenditures under Social Security Act (In mllllona of lollers - on 1)b«1b of dally Treamiry statemsnta, tinr»Tl««d) nsMi jwr or aoath U IS Receipts and Expenditures Under Railroad Retirement Act (In lllloni of dollari - on baili of dally Troatuiy •tat«aent>, uiir*Tlt«d) Sxpendltoraa B«celpts Taxes upon carrlars and their amployeaa nseal r*Ar or aonth idatalatratlTO Xzp«naa« .U 150.1 1939-Jtaly ta« .U .2 25.5 .2 .3 Sapt Oct lOT Dae .8 Jaa re* .2 .2 1U6.U 1.5 1U9.0 22.0 9.5 11.5 22.2 9.7 11.8 U.5 11.7 16.7 16.8 16.5 16.5 .3 .3 •3 1.5 1.8 18.0 18.3 82.1 2.7 107.0 109.7 232.6 7.0 253.'» 260. .9 27.5 .3 .U ^«r ^f Orasd total laslndea ladlroad UaaBplojaeBt iBaaranoe let Railroad Retirement Account (Ib CuBMilatlTa as of end of Flaeal year or aonth tves .3 26.5 Iter Total flaeal 7*ar 1939 to 1-5 2.6 Total Zxpendl- .3 .3 1936 1937 193« letei Tranafare to Ballroad Batlraaan;t Acct. llllona of dollar! - on tisala of dally Treasury itateoentB, unrerlaad) 14 Cash Income and Outgo of the Treasury, Fiscal Year 1939 (These flgureB are not Intended to reflect the bud^tary position of the QoTenmeat. They will not a^ree with Inid^tary figures on receipts* expenditures and deficit such as those appearing in Dally Treasury Statements and In other tables In this Bulletin. Tor an explanation of the reTlslons made in Dally Treasury Statement flguree to arrive at this cash serleB, see the text In Tebraary Bulletin. All figuree In the table at the bottom of the page have now been reTleed in accordance with that explanation.) (la mlllione of dollars) CASH INCOME AND OUTGO AND NET CASH OUTGO January 1934 to Date 1934 1935 1936 1937 1938 1939 DOLLARS DOLLARS" Mi llions MiM ions 1,200 1.200 Cash Income 1,000 1.000 600 800 600 600 400 200 200 JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN I 1,600 ,200 1.000 800 600 400 200 1,000 600 400 200 200 I I I I I I TREASURY GENERAL FUND -16- AND PUBLIC DEBT 6 U 3 17 Composition of General Fund (In lllloai of dollars - on bails of dally Trsaanrj statsMOts, narsTlsad) Curront assets Balano* Ind of flooal 7*ar or aontli •World a«" Total balaaoa Salcnlorac* Inora•Bt on gold laaotlT* gold Total ourroncjr 862 1933 191» 1935 1936 1937 1938 l.SUl 2,6SS 2.55^ 2,216 193g-ipr. 700 lUl lUl lUa SI z 2.11U 1.9«5 1,628 2.6S9 2.567 2,2l6 Jona lUO 316 1.001 2.225 370 1,628 1.087 1U2 1U2 1U2 UU6 Bolllon, coin and 1.103 3.033 2,016 2.936 2.709 2,Ul9 IgU I.0U5 i.oMi 865 1.863 830 2,8l»5 707 779 830 2,708 2,Ul9 Saposlts In r*d. Beserra Banks 8paeial doposits a/e salss of OoT't.Sacs. 837 1.85U 51 97 118 862 Current Ill othsr deposits and oollections llaMlItlaa 31 37 55 2Ul U5I 58 lUl 929 799 1.151 6(9 611 5i 256 156 203 1.360 1.203 929 728 679 611 U9 203 585 556 791 50 183 116 2,260 2.978 1.523 1.663 2.376 U51 U55 U60 1U2 IU2 1U2 2.299 2,U07 3.I6U 886 1.023 1.360 777 778 963 2.569 2,UU7 3.083 1.960 1,827 2,Ul«9 U67 U78 U92 1U2 IU2 IU2 2.733 2.625 3.285 1.330 1.265 I.30& 603 570 1.033 7U7 736 888 60 202 1939-Jan. reb. Mar. 2.933 503 50s 515 1U2 1U2 1.385 1.35^ 1.313 1,222 1.388 876 873 866 66 68 68 186 1>»2 3.119 3.517 3.635 792 3.3«9 2,288 2.693 2,732 Apr. 3.0i»U 2,380 522 IU2 3.230 1.329 975 858 68 186 July 2, *»«• Sept Oct. OT. >c. 3.3'»3 l'»7 186 16U 178 17!» Statement of the Outstanding Public Debt on June 30, 1938 and April 30, 1939 (In millions of dollars - on basis of dally Treasury statements, unrerlsed) Job* 30, 1938 Market issuas. etei Pre-var bonds Treasury bonds D. 8. SaTinge bonds. •••••• Adjusted Service bonds.... Treasury notes Treasury bills Matured debt on which Interest has ceased Debt bearing no interest.. I)ear«ase(-) 1939 -1 196 25.218 1.751 289 7.270 1.309 21,846 1,237 319 9.1'»7 1,15U lUl Total Market Issues, etc June 30, 1938 April 30, lBereasa(+) 3.372 5lik -30 -1.877 155 -19 l»U8 122 U16 -32 3U,U89 36.571 +2.082 Special iesuael OoTemment Life Insuranoe Tond Old-A^ Beeenre Account Bailroad Batirement Account.. OoTammant retirement funds.. Adjusted Serrice Certificate Tund Unemployment Trust fund Postal Sarlnge System Tederal Deposit Insurance Corporation April 30, lncrease(+) 523 662 66 397 26 872 >»5 Total Special Issues Total 1939 ])eoreaBe(-) 516 -7 l,0l4lt 382 77 U60 +11 a -5 +300 1.172 101 63 56 85 101 +lfi 2,676 3,1*92 +8I6 37.165 ltO,063 2,898 Public Debt Accounts (la mlllloaa of dollars - on basis of dally Treasury statements. unreTleed] Expenditures Baceipts Market Operations Market Operations Adjusted Sxchanges Serr. Special Series Total 2,158.5 9,620.7 Cash Xxchanges 5.166.0 2.673-8 Ixcess of Special Series Total l.OUo.S 8,880.6 1.0 2-5 55"*. 1 26.7 272.5 899-1 I101.7 1M.6 30.3 180. Becelpts Bonds Tiscal year 1938 •», 1938-July Aug Sept 775.7 ltW».3 .8 538.6 1,238.8 .7 .6 Oct itiio.9 lOT 539.2 1,183.8 Dec 1939-J«a »eb Mar Apr , 12.7 571.0 U59.0 • 2.6T3.8 1.698.8 553-1 270.0 U29.6 928.6 68.1 U7U.9 683-3 2,181.0 U27.U 501.0 U26.0 639.5 e&i.i U05.1 Ull.O 1,266.7 89.5 169.5 89.1 1,927.'* 5l7.'t 1,266.7 .1 68.0 527.5 U19.8 .1 U23.9 5 5 5 :l .6 580.8 135.7 I3U.9 35.5 67'*. 2 U23.9 1*5. 928.6 17.2 2.0 2.6 503.0 1.357.2 7'tO.l 799-7 823.8 30.3 U35.'* 2.9 16.7 U13.9 1.800.8 aoU.i 227. 126.6 29-9 Ul»9.8 77.7 UU u . 18 Treasury Bill Offerings (On bull of Fnlilla Mbt Sarrle* aoooonti) Bldt accepted Aaonnt of Sit* at Kit* of limu atnrlty 0b7i to atxurlty Total anormt ^pllod for ( In millions of dollari) Aaouit ( In of dollars) lUlOM Arerac* Prloe (por htmdred) (tnlTalent rate 1/ (percent) atnrlnc Isne (In llllons of dollars) 91 92 91 91 189.8 210.0 187.8 265.0 100.0 100.2 100.1 100.2 99.99U 99.990 99.986 99.985 0.023 0.038 0.05U 0.059 150.U 150.3 150 .H 50.1 91 91 91 91 91 289 .1» 303.1 285.7 2U5.7 251.2 100.3 100.0 100.5 100.1 100.5 99.98H 99.989 99.988 99.988 99.988 0.062 O.OUU O.OU7 o.ous 0.0U7 50.0 50.1 50.3 in«. 31.. 2. 9. oT. 16. >0T. 23. lOT. 30. Sept. 7.. Sept. 14.. Sept .21., Sept.28.. tee. 7. tec. lU. tec. 21. tec. 28. 91 91 91 91 229.0 218.7 260.9 279.9 100.1 100.0 100.0 100.0 99.988 0.0119 99.97'» 99.9* 0.103 0.106 0.1U2 100.2 100.7 101.2 100.1 Get. 5., Oct. 13.. Oct. 19.. Oet. 26., 1939-jaa. U. Jan. 11. Jan. 18. Jan. 25. 91 90 91 91 U55.8 U25.7 320.3 297.1 100.1 100.0 100.0 100.5 99.992 99.995 99.995 99.99U 0.032 0.022 0.018 0.026 100.0 100.2 100.1 100.2 reb. 1. TeO. 8. Tat. 15, Hot. 23.. loT. 30., Mar. 1. 91 91 91 92 91 399."* 9., loT. 16., 100.2 100.7 100.5 100.3 100.3 99.993 99. 99^ 99.993 99.993 99.995 0.027 0.022 0.027 0.026 O.OZl 100.3 100.0 100.5 100.1 100.5 Dec. 7., Dec. lU., Dec. 21.. Sec. 28., Mar. 8. Mar. 15. Mar. 22. Mar. 29. 91 91 91 91 35^.2 38^.5 101.0 100.7 100.6 101.0 99.996 99.997 99.999 100.000 0.017 0.013 0.006 100.1 100.0 100.0 100.0 1939-Jan. U. Jan. 11.. Jan. IS.. Jan. 25.. Apr. 5. Apr. 12, Apr. 19, Apr. 2b, 91 91 91 91 U88.8 295.0 250.5 100.7 101.3 101.2 100. 100.001 100.000 100.000 99.998 302.7 302.1 263.U 321.5 100.6 101. J 100. 100.8 99.999 99.999 99.999 99.999 0.002 oou 100.2 100.7 100.5 100.3 99.999 99.999 99.999 99.999 99.999 o.ooU 0.003 0.001 0.003 0.003 10D.3 101.0 100.7 100.6 101.0 0.016 0.025 0.023 0.016 100.7 101.3 101.2 100 .U 0.012 0.009 100.6 101.3 1938-Jal7 6.. Jtal7 13.. July 20.. July 27.. 193«-Oct. 5. Oct. 13. Oct. 19. Oet. 26. or. tag. 3.. lag. 10.. tee. 17.. X-ae. or. OT. loT. 2U.. 2.. '•97.7 507.U 37'».0 Msy 3. S. 13. Tel). 23. Maj- 10, 17, ^' 91 91 91 91 Mar. 1. Mar. 8. Mar. 15. Mar. 22. Mar. 29. Maj 31. Jane 7. Joaa 14. Jane 21. Jane 28. 91 91 91 91 91 301.5 323.3 302.6 3i«.l 320.3 102.0 100.5 100. 1» Apr. 5Apr. 12. Apr. 19. Apr. 26. Jaly 5. July 12 July 19 July 26 91 91 91 91 256.8 ao7.5 222,8 100.3 100.2 315.'* 100.2 99.999 99.999 99.999 99.999 »ta7 3- 91 91 377.5 10. Aoc. Aa«. 2 M17 lOO.U 101.9 99.999 99.99s ret. Teb. 1.. m. 1/ 2/ »e1). 23. 331.1 288.5 323.9 325.6 99.973 Bank dlsoonnt basis. lesatlT*. May Mar 9 W7.7 100. 100.5 100. 2/ 0.001 0.007 o.ooit 0.00' 005 50.M 50.0 100.1 100.0 100.0 100.5 19 Composition of the Public Debt (X& allllont of dollars - on toaals of djdly Troanry tatoaoDtt, naroTlaod) Xnd of flioal Taar or noDth 30 21 Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States GoTemment (In millions of dollars) bd ftr of tUoal or aoDtli . . 23 Anxjunt of Interest-Bearing Debt Outstanding, the Computed Annual Interest Charge and the Computed Rate of Interest Comparative Yields of Average of All Long-Term U.S. Treasury Bonds and Average of High-Grade Corporate Bonds Coapatfld bd of fltMl T—r or BOBth Xnterest-b«arlB£ dobt Coapated uuia&l lntor«et citArge pate of lnt«r«8t: Pere«nt CorpoLone- tern CorpoffBMVXJ ratet 1/ 1916. 1917. 19I8. X919. 1920. 1921. 1932. 1923. 1926. 1925. 971.562.590 23,08U,635 2.712.5'»9.»76 11. 98^, 882, It Jg 83, 625,1182 lt68,6l8,5Wi 25.23'*.'*96.273 2U, 061, 095,361 1, 0511. 2011,509 I1.I78 1.016,592,219 U.225 23.737,352.080 1.029,917,903 962,896.535 927.33l.3«l 876.960.673 "•OS 22,ni,035,5«7 22,007,590,75U 20.981,586,U29 20,210.906,251 u.ziio U.JlU 11.180 829,680,0>tli 11.105 19.383.770,860 793. '123.952 U.093 18.250,9113.965 722,675,553 671,353.112 3.960 3.877 656,6511,311 3.9116 606,031,831 3. 807 1931. 1932. 1933. 16,519, 588, 6U0 19.161.273,5110 588,987,'i3« 671.6011,676 7U2. 175.955 193l». 26.IWO.lt«7.920 1935. 27,6U5,229,gs6 3.566 3.505 3-350 3.181 2.716 1936. 1937., 193«.. 52. 755.631. 19 3«- July, tec.. Sap*. 36. 3*1. 937. 719 22,157,5U3,120 no 35,802,586,915 36.575.925,880 37.051.561,281 Oet. let. 8U2.301,133 750.677,802 838.002.053 92U,5U7,oe9 9li7.08U,058 951.738.835 956.207,791 37. «U9. 982,1193 977.2711,331 37.89G,865,5»9 38,068,027,769 38.898,851,391 978,6011,732 982.917,8011 3.17 3.15 3.16 3. 08 3.06 3.05 .U2 .Ul '^^ 3.W 3.O8 2.99 2.99 .116 3-15 3.12 3.10 3.12 2.98 2.98 2.99 .ii£ 2.9U 2.92 2.90 .ii£ 'I 3.011 2.86 2.86 2.85 .51 .57 Oet. ler. Dee. 2.IW 2.559 2.582 2.589* 1939-JMi. Teh. Mar. 2.U7 2.311 3.00 2.98 2.98 2.597* 2.581* 2.582* Apr. 2.30 3.01 2.87 2.3« 2 2.3s 2.97 2.96 2.98 2.98 2.86 2.85 .63 .62 .66 Apr. 1. Apr. 8. Apr. 15. Apr. 22. Apr. 29. 2.32 2.32 2.30 2.28 2.26 3.00 3.02 3.01 3.00 3.00 2.88 2.88 2.88 2.87 2.87 .68 .70 .71 .72 .7U May S. May 13.. 2.22 2.17 2.95 2.95 2.811 .7U 2.82 .78 2.586* Ttb. 1,017,225,0112 2.58r Nw. 39,Wi2.07li.957 1.026.757.937 2.S03* Apr. 39. 525. '107, 813 1,029.353.995 2.60ll* Tor Boathljr fieorot fro* Juno 1916 to Juno 1929, ooo report of tbo SoerotaiT of tho Troanrr for 1929, pa<* 509: fi^» Joljr 1929 to JoJm 1936, M« roport of th* Soerotarr °f th* IreMury for 1936, p<«ei I1I12 and 1*3; fro« Jul/ I936 to Juao 1937, ooo roport of the Secretary of tbe Trearory for 'latereat-Bearlng OeM* flgnret laelule 1937. PMo 11112. dleeoont on fr^^uwrj Bllli, aaoont boia^ deducted prior to ealeolatlag th« arenc* latereit rat*. On teale of Sally Trearary Stateaanti, uaroTltad. (B«« ). 2.gU 2.6U 2.52 2.51 2.58 i.ou, 231,1167 * Monthly arerCet of dally figures kj 1938 -Jan Peh Mar ExcludIncluding rails In^ ralli July. tat.. Sept. 39.097.233.713 39.325.527.811 loto: coppopates 2.62 1.005.833,188 1939-J«. eludlag rails 2/ Apr.. May.. Jon*. 2.582* 2.582* 2.586* Dm. rates.eX' 2.376 3.120 3.910 1926. 1927. 1928. 1929. 1930. 17.317.695,096 16.638.9U1.379 15.921. 892. 350 i/ Spread between long-tere TreasTiry and 2.51 2.52 2!U9 2.l|lt Voekly figures aa of Saturday closing prices Mar. U Mar. Mar. 18 Mar. 25 U lot*! 1/ 2/ 3/ 5/ ^ ^ VM 2. 2 .M .>iT .U7 .1)1 .1)2 .Ul .117 .51 .50 .53 :n .58 'P .(a. .62 .65 Monthly figures for 1937 la Jaanary bulletin. Page I5. Arerage of Treaaury bonds due or callable after twelTe years. ATsrage of 20 bonds. ATerage of 15 bonds. Jaanaiy I938 through April 1938, nonthly arerage of Saturday figures Or the Bost recent sale if there »as no sale on Saturday. 23 ill ^ o g o !* C Q OC o -J - - ^. o 6 :5 - ct - I ^ % .1. ?_ \ X '• -/- > X V i^_2 J- xJy o < CO in 5 UJ \- O Of D < UJ ILl_ O a d) _i UJ o PER CENl 2.76 250 225 2.00 1.76 ISO 1.25 GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES -25- 26 Proprietary Interest of the United States In Governmental Corporations and Lending Agencies: Mar. 31, 1939 Governmental Corporations and Credit Agencies of the United States: Mar. 31, 1939 (Oaapll«d froa Istait nporti reoalrcd frea th«t« aceaolat) (Compiled from latest reports receirsd from these agsncles) (Ib alllloni of doUari) (la mlllloBS of dollars) Proprietary* Interest Llahllltles Assets Baeoutroetlea Tlnaao* Oorp.. Coimnodlty Credit Oorp Xxport-tmport Bank of Vashlogton foderal Crop Insoraneo Corp.. Tedsrol Deposit laim'aaee Corp Tennessee Talley Anthorltj... Pablle Vorks Adalnlstr&tlon., United States Karltlae Comnlsslon Boral llectrlflcatlon kAmn . . Home Ovners* Loan Oorp Tsleral Sarlngs A Loaa Insurance Corp Tederal Sarlnss A Loan AssBS Tederal Home Loan Banks Federal Housing Admn United States Housing Authorlt7 Tara Credit Administration.., Tederal Tarn Mortgage Corp.., Tederal Land Banks Tederal Intermediate Credit Banks Banks for Oooperatlres Production Credit Oorp Beglonal Agricultural Credit Corps War emergen07 corps. A agencies (In liquidation)! lavy Department (sale of surplus war supplies)... United States Housing Oorp United States Ballroad AdmB United States Spruce Production Corp War Finance Oorp Other Disaster Loan Corp llectrle Home and Tarm Authority Farm Security Administration Tederal Hatlonal Mortgage Assn Tederal Prison Industries, Ino Interior Department (Indian loans) Inland Vaterways Corp Panama Ballroad Co Puerto Hlco Reconstruction Admn B T C Mortgage Compear Tennessee Talley Assoelated Cooperatives, Inc........ Treasury Department Ballroad loans (Transportation Act. 19?0)... Securities recelTed from the Beconstruetloa Flaanoe Corp. under Act of Teh. ih, 1938 < < i.su^.e 393.1 ot OnaranQuaranteed by teed hy United United States States 821.0 206.S U8.0 5.0 2.2 139.3 I10.9 118. 159.9 100.9 107.2 105.3 ii6,i> 1.2 117.1 UU.O Wt.O 292.3 W.7 150.0 229.3 'to.9 260.8 107.2 3.062.7 2,911.0 2.0 UU.U 260.6 126,3 1,610.5 1,392.U 2.335.8 288.7 182.2 122.3 ZI.S 120.2 1.2 U7.1» 1U3.8 121.9 17U.3 195.3 32'^.'» 3.5 103.1 175.8 122.0 I85.6 3.9 12l».7 38.5 2.U U3.g 1,816.1 .3 18.6 3.2 1/ I Total. Votei * 1/ Reconstruction Tlnanee Corp. Commodity Credit Corp Kxport-Import Beak of Vashlngton Tederal Crop Insurance Oorp. Tederal Deposit Insurancs Corp Home Ovners' Loan Corp Tederal Ba-rlngs and Loan Insurance Corp Tederal Savings and Loan Assn Tederal Home Loan Banks U. 3. Housing Authority Toderal Tarm Mortgage Corp... Tederal Land Banks Tederal Intermediate Credit Banks Beaks for Cooperatives Production Credit Corps Regional Agricultural Credit Corp U. S. Housing Corp V. S. Spruce Production Oorp. War Tinance Corp Disaster Loan Corp llectrle Home and Farm Authority Federal Vatlonal Mortgage Assn Inland Watervays Oorp Panama Ballroad Company Mortgage Company T V A Cooperatives, lac...... RFC 8.2 12.9 i/ 7.3 .9 225.1 225.1 113.0 87.6 25.'* 7.U .2 7.2 2.3 25.0 2.3 25.7 U6.5 .8 '•5.7 U.6 55.9 1.6 ^.3 Hoa-Stocki Tennessee Talley Authority... Public Works Adinn V. S. Maritime Commission.... Rural Slectrifi cation Admn... Federal Housing Admn Farm Credit Admn Bavy Department (Sale of surplus var supplies) U. S. Railroad Admn Farm Security Adsin Federal Prisons Industrl es , lac laterlor Dep&rtmeat ( Indiaa loans) Puerto Rico Reconstruction Admn Railroad Loans (Treneportatloa Act, 1920) Securities received firom (Act Fob. 2U, 1938) 30.2 Special Obligatioas Held by Treasury! Reconstruction Finsnce Corporation Commodity Credit Corp Tennessee Talley Authority.. Total. 2.6 2.6 Srand Total, 2,905.7 U6.0 5.0 150.0 200.0 2.0 53.62/ 100.0 17.1 3«5.5 3.718.0 Figures la this tahle are roonded to nearest tenth of million and will not aecessarlly add to totals. Ixoludlag lateT'-ageacy transactioas. Less than $100,000. •6 5U8.6 100.6 100.0 2/ 5.0 150.0 U6.U 1)8.0 117.1 Wi.O 12U.7 lUj.8 Ult.O 12'>.7 1.0 200.0 12U.7 ll»2.8 70.0 IU9.O 120.0 '•7.3 l"*.! 11.7 2.0 lH.l 3*!2 .1 I85.6 25.7 7 2/ 14.1 2/ 3*.'i 103.1 176.8 122.0 18.6 2.0 13.6 , 32.2 i/ .8 .2 1/ lU^ 10.0 12.0 7.0 25.0 1/ 12.9 2.1 13.0 39.2 .7 .3 616.6 13.3 25.11 25.0 .§2/ 28.6 ^5^:5 .3 2U6.3 2/ 2,Uia.7 229.3 >io.9 100.9 107.2 38.6 121.9 '•.7 .1 225.1 7.2 2.3 U.6 30.2 RFC Total 30.2 12,U56.8 5. '•'•7.6 177.2 2/ 2,0l«2.6 Total U.7 2.0 U.7 2.0 12.9 225.8 Stock! .7 176.1 8.6 500.0 100.0 Total Proprietary laterest States 928.1 110.6 7.2 Interagency Transactioas Halted 96.7 75.7 U€5.1» 237.9 PrlTatsly owned Sorplus Capital Stock Owned lote! 1/ £/ 2/ 2.6 915.6 379-5 10.0 .3 389 .« 3.718.0 Tlgnres la this table an rounded to nearest tsnth of mlllioa and will not necessarily add to totals. Less than $100,000. Sxcess inter-agency aeeets (deduct) Deficit 27 Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking Accounts with the Treasurer of the United States: First 9 Months, Fiscal Year 1930 28 Statement of Sources of Funds of Certain Governinental Corporations and Agencies from Inception of Organization to Mar. 31, 1939 p » 29 Principal of Outstanding Obligations Guaranteed by the United States » THE CAPITAL MOVEMENTS BETWEEN UNITED STATES AND FOREIGN COUNTRIES -so- 31 Net Capital Movement between the United States and Foreign Countries 1935 through February 1939 33 33 Short-Term Foreign Liabilities ae Reported by Banks and Bankers In the United States for February 1939 (In thousands of dollars) I I Liabilities as of following dates nnlted Eln£d0B Oeniany Italy Netherlands Svl tier- land Other Sorope Total lurope Cans^ Latin Anerlca ?ar East All other 1.301,612 1.302.891 1,306.756 228.972 229.877 223.232 212.580 259.098 251 ,986 256,626 37.330 35.757 35,909 263,892 258.1*70 250,681* 1,222,270 1,223.516 1.226.202 1.261*. 670 227.1*17 258.597 21*3.205 36,863 228.333 220.789 210.683 258,1*51* 2U8.37I 35,3^*l 261*, 126 21*8.689 21*2,004 35,585 38,523 1.135. 839 1.157. 208 220.612 21*1,067 2l*0,381 1,81*3,788 33.912 213.851 2l*l*,853 211,126 218,519 213.332 35.1* 221,1*76 1.160.31*7 3i*,805 I.87I.U96 1,872.188 1.193.228 207,371* 2i*l*,555 215,11*8 36,629 1.896,931* 50.01*8 6.U33 6,697 6,662 3,007 17,187 17,701 18. 925 17,832 30,981* 1,51*8 28.751 29.219 25.718 1,262 612 1,726 106,200 106,211 Grand total TOTAL SHORT-TIBK KHDIGN LIABILITIES: Tei. e Eeb. 15 Tet. 22 Kar. 1 , , , 'tU2,839 201. 19U 16, 621 15,682 120,701* 238,311* UU9,6gi Wt5,l59 U67,908 209,1*25 216,1*75 13.1*1*3 119.596 235.703 12,986 119. 360 238,1*15 2lU,550 15,928 16,685 17.670 11,831* 130.390 236,182 266,258 259.105 257,656 271,331 370. U5b 197. U9U 206.010 213.116 211.301 16.327 15,630 16,373 17.322 15,209 119,1*76 I2,gi*8 118. 505 238.025 235,371 265.283 258,112 18U.113 200,065 205.655 202,619 16,031 15.382 16.112 16,915 2,21*6 238 186 185 335 779 888 853 802 1.31*9,865 258,951* 261*. 630 39, 01*1* 2,078,998 2.081*. 105 2,088.997 2,116,065 TOTAL LIABILITIES PAYABLE IH mLLASS: Tei. 8 Feb. 15 Eeb. 22 Mar. 1 37fc,9ito 371,605 389.630 12.500 11,365 117.897 129.098 238,ll»7 235,923 270,031 i'*,335 111*. 1*1*3 113, ao 216,1*77 211.701* 2i6,30i» 21*9,228 11,983 11,579 256,561* 263,1*31 1.988,352 1,991*, 015 1,995,391 2,019,311 Deposits for foreign account: Feb. 8 Eeb. 15 Feb. 22 Mar. 1 Bills held for foreign aoooont: ?eb. 8 reb. 15 Feb. 22 Mar. 1 3ltl,212 , , 363. oUq 357.78** 371.053 , , 7.93^ 7.820 7.659 7.329 2.297 1.883 2,11*8 10,1*51 112,391 123.551 i*.i*6U 213.966 U,721 20.251 22.337 11.918 20.1*89 5.16U 20.590 2Ul,8l6 21*0,522 25^»,673 1U.136 13.551 13,287 13.195 51.800 1*9,271* 1*9.563 10l*,692 97,81*6 Short-tera United States OoTemment obligations held for foreign account: Teb. 8 Feb. 15 ?ob. 22 Mar. 1 1*0 - 177 132 31 26 Other liabilities payable in dollars: Eeb. 8 Feb. 15 Feb. 22 Mar. 1 21.293 6,0lt9 6.1I10 11,231 TOTAL LIABILITIES PATABLI IH roBsian cnDBiNcns: Feb. 8 Feb. 15 Feb. 22 Mar. 1 72.383 72,751 73,55^ 78,278 11,127 3,6Ul 5.570 6.526 3.700 291* 3.'*15 298 312 3,359 3.2U9 31*8 95 77 68 112 569 1.297 1.330 1.919 2,71*1* ll*.l*77 588 383 l.35^» 2.75't 1.367 2.162 16.550 21,853 73 1.228 1.091 289 1,1*83 268 259 975 993 1.092 1,300 lUo 122 IU7 535 517 6lU 715 U95 U86 U69 571* 1,292 36.358 328 35s 372 28 276 302 l.OUl* 79.375 1.555 1,5"* 501 500 80,551* 2,1*1*3 85,195 1,897 39,080 36,817 37,268 39.707 1,073 1.136 1.976 1.528 33.762 35.119 36,022 37,62U 392 332 392 282 79. 31*2 31*8 38,321* 1.095 1,101 1,138 1,138 171 167 168 16s 8.781 8.255 9,781 8.680 1*67 90.61*6 U16 32I* 90,090 93,606 521 96,75'* 5,171 7.599 9.126 161 102 1*8,871 118 311 1*8,881 16,131 18,1*80 2U.505 Borrowings froa foreign banks: Feb. 8 Feb. 15 Feb. 22 Mar. 1 , , 37.129 35.161 35.30U 37,677 531 321* 221 2l*3 288 291 303 31*2 31*0 355 127 363 228 386 390 393 8,051* U6,0l*i* 1*9.91*1* Acceptances nade by foreign banks: Feb. 8 Feb. 15 n\>. 22 Mar. 1 Other liabilities payable in foreign currencies: Feb. 8 Feb. 15 Feb. 22 Mar. 1 , 29,80U 31,233 32.121 33.8UO 2.939 2,892 2,865 2,795 5.'*50 230 199 273 211 6.357 6.129 6.761 921 865 931 882 lOl* 100 116 87 180 181 189 182 108 86 53 1*22 6,500 1*58 7,1*39 ue2 56U 7,26U 7.86U 3U.19I* 35,1*79 36,1*68 37.968 115 110 111 113 589 61*7 628 605 287 295 179 173 7.581 8,567 8,257 8,8U2 34 Short-Term Foreign Assets as Reported by Banks and Bankers In the United States for February 1939 (In thousands of dollars) Aaeetfl aa of following dates 35 Security Transactions as Reported by Banks, Bankers, Brokers and Dealers In the United States for February 1030 (In thsaiaadt ef dollar*) TruMotlons dnrla< mek nimi - p I » 86 Security Traneactlons In Joint Foreign Arbitrage Accounts as Reported by Brokers and Dealers in tlie United States for February 1030 (la tbooMsAt of dallwt) Transaetloas during ««ak ended- Dnlted franc* Qermaay Italy •thcr- Swltur- laadt Othnr total orep* nrop* Canada Latin iaarloa Far act All othar Oraad total TOTAL ?DBOHASIS II TBS DHITZS SUTESi Tct. 8 i; T»i. 22 Nar. 1 U^. I^lrohasa of doaeatle •aeorltlaai Tei. S FoD. 15 fal). ZZ Har. 1 361 263 2U5 3i5 5.3^7 2,1^8 1.1'»3 2.890 5.00U 2.380 96U 2,158 2U5 309 «7 67 5.796 3.082 l.'»72 V, 3.280 1 56 g 5.U3f 2.696 1,280 2,528 11 11 6 6 35? 386 192 752 837 38b 619 837 115 6,676 3.583 2,091 23 U.liio 5.t93 2.728 1.329 2.588 55 60 Furohaaaa of foreign aeoorltleat U}>. re)>. S 15 32 Mar. 1 re)>. 3^3 368 179 732 782 >»3 35'* 115 570 777 23 1.183 855 762 1.552 TOTAL SALIS II TBI DIIIIS STAIISi fat. 8 fab. i; Tab. 22 Mar. 1 Sale a of domaatlc aaenritlaai reb. 8 lab. i; rati. 22 Nor. 1 2.1l»9 290 9U 1,818 1.733 2,202 1,820 2 1 78 31 161 66 10 281 92 1.3^ 1.382 i.95« 161 6fo 2,501 1,920 1.852 3.202 2.353 2.69U 2,1*29 8U2 717 2,156 1*0 l,i»i*5 ItO i,U8; 2,185 2lt U2 2.196 l.USS 1.509 2.227 3U5 575 b5b 393 818 675 1,006 868 1.185 919 3.M6 Salaa of forelcn aaaorltlaai Nb. 1 Tab. i; Tab. 22 Har. 1 2 1 10 iS 2UU Foreign Balances in Brokerage Accounts as Reported by Brokers and Dealers in the United States for February 1030 (In thouaanda of dollara) Salancaa aa of follovlBg dAtaa Onltad Xlncdoa Traao* Qanaay Italy athar- Svltaarlaad Othar lorep* Total uropa Oaanda Utla Aaarlea Tkr laat All Othar Oraad total Torelgn debit balaneaai (dna froa abroad) reb. 8 »eb. 15 Tab. 22 Nar. 1 7.891 7.739 7.828 9.388 U,9Ul U.9p3 U,8U2 >).858 170 178 158 192 8.02U 7.520 b,286 6.683 7.852 7.933 7.»23 7.907 221 205 205 212 2.778 2.781 2,8llt 2.911 2,26l« U.360 2.230 2,289 2.312 U,3>»8 U,j6i* i»,ii3 22,U9U 22.269 22,387 23,eSU 19.690 U.59U U.693 ".359 19.6lf2 '•.632 3.313 3,508 3.255 1.8U9 1.737 1.938 1.8U8 19. 813 19.5^ 6.967 7.172 6.712 6.8U9 35t 313 388 5U,2U5 53,837 53.U61 55.375 398 38U 550 399 38.765 38.119 36.079 36,966 Foreign oradlt balaaoaai (dua to abroad) lab. 8 Feb. 15 Feb. 22 Nar. 1 150 I5U lb< U.906 8,202 7,UlO S:2J 7.5^ '.859 7.833 3.0U9 3.28'» 3.096 3.102 32,UoU 31.697 29.567 30.761 3.l3li 801 7|3 82U 37 Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities (In thousaoda of dollara) TrajiaaetlonB *irln« week ena»d - CO LU D O UJ CO U I- co LU o Q CO b O CO LU _J < CO (/> LU CO < X U 01 D QL O LU O >^ 38 39 PurchaBes and Sales of Foreign Exchange, Spot and Forward, as Reported by Banks and Bankers In the United States for February 1939 (In thoaaands of dollarB) Ourrency of- Transactlona during week ended- United Kln^om Trance Oemaoy TOTAL FOBCa/LSIS! Teh. 7eb. 8 Spot S Torward.... 70,106 2U,585 2,1*82 U6U 58,889 1,862 312 U71 U2 2,1*03 UI7 55 Feb. 15 Spot ?eb. 15 Forward.... 26,79't Feb. 32 Spot Feb. 22 Forward.... 39.099 296 57 1 Spot 1 Forward.... 85.779 Ul,896 2,889 316 71*9 56.573 15.863 2.239 630 "37 Feb. 15 Spot Feb. 15 Forward.. i«lt,6l9 1.1*1*5 1*1*0 l6.6lt8 75 U2 Feb. 22 Spot Feb. 23 Forward... ''7.566 2,013 30,223 11*2 398 57 Mar. Kar. 63,981 27.031 2,693 238 705 ill 8 Spot 8 Forward... 13.533 8,722 2l*1 Feb. 15 Spot Feb, 15 Forward... lU,270 1*17 10,11*6 237 Feb. 22 Spot Feb. 22 Forward... 11,885 18,876 390 15" Kar. Mar. 21,798 iU,865 196 U9,59l» 2,lgU 1*01 39.673 711* 101 Feb. 15 Spot Feb. 15 Forward.... 59.103 31.695 1.999 1*20 a9 85 Feb. 22 Spot Feb. 22 Forward.... 58.629 39.761 1,822 76U U35 Mar. Mar. Spot 1 Forward.... 79.5^*1 1*7,788 2.128 8a l,ll»9 66 Sales to banks: Feb . 8 Spot Feb. 8 Forward... 38,851* 1.291 as 28.877 1*1*0 101 Feb. 15 Spot Feb. 15 Forward... '*5.709 21,781* 1,21*2 256 83 Feb. 22 Spot Feb. 22 Forward... 38,692 31,167 907 537 2l*3 Mar . Mar. 62,91*1 1.279 1,107 579 61 893 274 183 Mar. Mar. in Purchases from banks: e Spot Feb. Feb. 8 Forward... 1 Spot 1 Forward. . 55 Purchases from custom' ers other than banks Feb. Feb. 1 Spot 1 Forward... aU 78 TOTAL SALES: Feb Feb. . 8 Spot 8 Forward. . . 1 Spot 1 Forward... 1 Sales to customers other than banks: Feb. 8 Spot Feb. 8 Forward... 31*. 365 10.71*0 10.796 Feb. 15 Spot Feb. 15 Fonfard... 13.39"* Feb. 22 Spot Feb. 22 Forward. 19.937 Mar . Mar. . 1 Spot 1 Forward... 9.911 8.591* 16,600 13.U23 151 757 68 33 33 Italy Hetherlands 9vltterland Other Sup ope Total Inrope Canada Latin Aaerlca last All other Orand total 40 Outstanding Forward Exchange Contracts as Reported by Banks and Bankers In the United States during February 1030 I (In thoaunds of dollArs) OnrranCT' of- Oontraeti as of follovliig datM Onltad Eli^on Trano* Batharlands Svltiar- land Othar Suropa 379 397 11,668 1*00 10,932 11.827 3.121 2.725 2.792 17.056 17.808 18,001 368,372 357.702 360,585 2.1*20 17. 1*35 31*0,12'* 832 617 709 693 '.159 U.119 3.797 U,058 102,11*2 I0lt,396 7.925 8,083 2,289 2,108 2,083 1.727 18,196 6.082 18,ll09 5.1*65 60U 681 572 628 63" 591 17,800 17.878 250 297 316 371 139 169 172 161 7,677 8.383 7.692 7.865 253 277 288 310 '*33 10.519 10.026 10.108 10.013 QarBaa^ Ital7 Total Soropa Canada Latin Aaariea far laat All othar Orand total TOTAL FDBCBASI COHTHACTS: Tet. 8 Teb. 15 Teb. 22 Mar. 1 329,1*9 318.0*5 322.831 303.065 6,560 6,571 96,156 90,688 9U.07U 3,212 3.130 2.656 2.178 5.1*22 I*. 807 139 152 207 201 369 11,1*01* 100 76.U32 83.559 80,256 2.097 2.099 2.098 1.692 13.25'* 96,391 9,658 9.906 11.787 10,780 886 892 892 886 U.IOO 3,628 3.976 2,823 12,897 260.1*81 6l*,l*l*2 lit!2W 13.377 255.560 256,189 2U3.733 66,526 71.772 69.U76 1,211 1.207 1,206 8O6 11,773 11,833 11,202 71*. 15.873 15,1*61 15,178 337 310 310 271 1*60,77? 1*52,001* 1*61,730 1*35.597 Contracts for porehasot from foralcn ouitonersi T»y>. 8 fat. 15 fab. 22 Mar. 1 85.57>* 86 3.1*27 3,1*90 11*1 3.007 115 3.71*1* 107,831 122,609 116,623 121,106 110,935 Contracts for pnrehasas froa doDaatlc costoaarsi Tab. 8 Tab. 15 rab. 22 Mar. 1 TOTAL 8AIJ COVTBACTSi Tab. 8 rab. 15 Tab. 22 War. 1 Contracts for sal* to foralcn eastOBarsi Tab. 8 Tab. 15 Tab. 22 Mar. 1 Ceatraots for sal* to doaaatlc euatosarai Tab, 8 fab. 15 Tab. 22 Mar. 1 233.293 227.957 228,757 3.3^*8 367 385 388 3.1*1*1 217. '•91 2.766 2,629 359.139 9.780 503 3l>5.835 9.1*97 8,ll02 57!* 3U2,959 328,591 7.782 118,31'* 5.93'* II3.63U 113.928 108,909 5.752 5. '20 2M0,825 232,201 229,031 219,682 3.8U6 5.23'* 3.7'*5 2,982 2,5'*8 31*0 U59 1*62 1*30 8.21*1 7.911* 20.515 20,282 UlU.787 82,707 1*,OOS 1*00,690 85.751* 5.223 5.082 20.51*8 91.965 88,206 3.999 3.998 20.196 396.170 380.801 3.767 3.2^1 3.2U5 3.285 15.1*67 15.'*09 151.51*8 11*6,895 39.215 il.569 ,226 II: 955 lU5,999 1*2,956 1*0,751 2.315 5,Ol*8 l*.873 263.239 253.795 250,171 240,021 2.211* 1.978 1.797 5.322 5,21*1 11)0.780 .1*92 i2 185 1*9,009 U7.'*55 10,1*31 Poaltlon aa of follovla^ dataa In thousands of dollara) 338,170 3w!62i* 32l»,662 163 218 518,760 21I* 3.51't 17.693 11*. 617 172 510,01*0 1*87.310 3.772 3.772 3.771 3.302 11,036 10,330 10.989 8,530 Ul 115 112 205,612 202,681 203.827 7>* 193.'*37 236 227 227 212 6,059 6.U5U 122 103 102 313,11*8 30U,76l* 6,701* 6,087 98 17.095 16.781* Net Position In Foreign Currencies of Reporting Banks and Bankers In the United States for February 1030 (Minna Indloatas short position! 263 255 255 216 507.i*U5 306,213 293.873 OTHER MONETARY -41- STATISTICS 43 Gold Assets and Liabilities of the Treasury (In mllllonB of dollar* - od basis of dally Trep-aury statements unrevlsed) Llallllltles Bnd of calendar ye&T or month Oold Assets 193"* 1935 1936 1937 1938^pr.. May.. June. 1/ 2/ Bold In Oeneral Ttmd 7.679-5 8,959.6 9,212.3 156.0 156.0 156.0 156.0 1,800.0 1,800.0 1,800.0 1.800.0 1,008.6 Ug7.U 12,868.7 12,915.1 12,962.9 10,730.5 10,727.3 10,723.9 156.0 156.0 156.0 1,800.0 1,800.0 1,800.0 182.2 231.7 283.0 156.0 156.0 156.0 1,800.0 1,800.0 1,800.0 2^;2.i* 11,688.3 11,872.8 156.0 156.0 156.0 1,800.0 1,800.0 1,800.0 760.6 667.6 156.0 156.0 156.0 1,800.0 1,800.0 1,800.0 702.5 719.2 675.8 156.0 1,800.0 658. 5.27't-O Juljr. 13,017.11 10,720.2 13.135.5 13.759.3 io,n7.i Sept. Oct.. Hot.. llt,o6U.3 lU, 311.9 Dec. 1U,511.2 10,99l».5 11,31*7.6 Nar.. lU,87U.3 15,258.2 12,022.3 12.199.1 12,627.0 Apr.. 15.790.5 13,176.0 lU, 680.9 Tel).. Stabilisation Fund 2/ 8,238.6 10.122.9 11,257.6 12.760.0 tag.. 1939-Jaa. 2/ Oold Certlfleateel/ Gold Reserre against tJ.S. notes, etc. 2/ 31*1.9 1.591.6 1.1 808.8 682.1* In federal Baserve Banks, etc., gold eertlfleate fund Board of OoTernors, federal Beserre Systea, and Bedamption fond, federal Beserre notes. Beserre against $31*6,681,016 Ohlted States notes and $1,167,122 Treaenry notae of I89O ontstasdlng. This does not Include gold In the actlre portion of the Stakllisatlon fund. Net Movement of Gold to and from the United States (la illlena of dollars at $35 per fine canoe - as reported iy U. S. Department of Comerce) Net Import from or net export (-) to: Calendar year or month United kingdom 1933 10.8 1931* 1*99.9 1935 1936 1937 1938 315-7 1711.1 891-5 1.208.7 1938-Apr. Hay., Jane, July, A»g., Sept, Oct., Not., Deo., -365.1 260.2 93U.2 573-7 -13-7 81.1 Svl tier- 3-K -19-7 9i». 91*. 227-2 71.0 6.5 163. 35.U 2.9 20.6 12.1* 1.0 7-5 1:1 33-6 86.8 95-2 72.6 111.5 76.3 5.0 .9 91.2 378.0 U.7 l*U3.l* 1*3.0 99.1 101.7 37.ii 52.1 1S5.1* l.U l.U 250.0 .8 Apr., 381* .9 British India Australia -1.5 1*3-3 5-1* 8-9 1.0 3-5 23.3 9-7 12.0 15-3 21-5 16.9 10.9 11.9 90.9 15-5 76.8 75-3 77.9 50.8 16.2 3'*-7 25.1* 18. 39-2 27-9 10.6 1.8 5.7 1.9 2.1* 3.2 2-3 1.2 3.6 3.0 1.9 2.3 3.2 1.1 3.1* 2.1* 2.7 3.8 1.8 2.7 3.3 7.9 2-7 2.9 2.7 2.1 7.2 30-3 13-7 11-3 3-i^ 1*0.0 38.5 36.5 21*6.5 168.7 .9 Colomhia .2 Chile Peru U.O 5-5 6.6 1:1 8.U .9 2.1 1.0 .7 .7 11.1 1*7.2 1.0 IU.3 38.1 10.8 7.2 .7 2.2 3-§ 2.6 lU.U 10.8 U.2 6.9 2.3 2.5 3.8 6.6 U.O .6 u.l* 37.2 3.7 1'.3 2.8 2.7 3.3 2.1 .2 8.2 u.i 55.7 7.7 1.6 5.5 8U.6 '».9 U.8 2.2 2.1 1*1.8 1.1 1*6 33. 29. 27. 1*1*. -.1 3.2 1.1* .8 37.(S 2.0 3.8 1.8 1.7 5.1* 6.8 .5 Xnd of fiecal year or aonth Oold ($35 per loU.U .2 1.1 .1 10.8 13.0 1.1 -293-7 1.132.0 1.739-0 1,116.6 1.585. 1.973. 71.1 52.8 55.3 12.3 1.2 2.9 2.0 6.5 15.5 18.7 552.U 177.8 2U0.5 1.5 1:1 1.3 1.8 5.0 l.U 365.'* .5 •3 6.1 605.8 • 5 1.0 • (Id illiona of dollars - on hasis, dally Treasury statements. reTlsed) .3 .8 .U -70.6 9-1 30-7 19.8 63.8 166.0 520.9 .8 Monetary Stocks of Gold and Silver -3 U.l 3-1 U.O 21-7 16.5 9-U 7.9 1.6 11-7 ±1 l.l .u Including Hong Hong. 2.6 l.U All other 1.2 1.5 1.5 .u 2.1 China 1/ .6 27 fet.. Mar., Philippine Islands Belglum Japan land -7 .6 1939-Jan., 1/ Netherlands Total net imports or net exports (-) 5 156.3 223.3 CO 3 Oi. (/) o o <•- u "0 gi- 44 I Components of Silver Monetary Stock (In alllioai of dollara - on b&ali of dalljr Trcaiory stst^wnttinTlHd) lad of calendar yoar or aonth 45 Net Movement of Silver to and from the United States (la thstuan&s of dollari - O&lendar /war and Bonth C&lflndar year anl aoath 193^ 1935 1936 1937 1938 1938^pp.. JU7. Sapt. Oct.. lOT.. Sao.. 1939-J«.. Mar.. Apr. » r*i»rt*d V ^. '• I>*partMDt of Coonaro*) » 46 Value of Selected Currencies In Terms of Gold 1928 • 100 Unit el Statea Dnltel 1931 -Dec. 1932-Deo. 1933-Dac. 100 100 bU b9 193i»-Dec. 1935-Ilec. 59 59 59 59 67 bO 60 60 61 59 59 59 60 "•7 June 60 60 U2 U2 July. Aug.. Sept. 59 59 59 60 U2 Ul Oct. Sov. Dec. 59 59 59 1939-Jan. Mar. Apr. 193h-Dec. 19 37 -Dee. 1938-Apr.. re)>. Kln^oa Aranet lainds Swltierlaad Belglna 100 100 100 100 100 80 52 101 100 100 100 100 70 100 100 100 100 72 72 71 72 82 81 81 70 70 70 72 72 72 Ul 81 80 79 70 70 69 72 72 72 58 57 57 UO UO uo 80 80 80 70 69 69 72 72 72 59 59 59 57 57 57 ItO 80 79 78 69 69 69 72 72 140 59 57 Uo 78 69 72 (>7 59 5« 100 100 100 100 100 70 Stthar- 51 Uo 71 Japaa 87 Italjr China 1/ 47 Ratios of Index of Wholesale Prices In 39 Countries to Index of Wholesale Prices In the United States 1935 = 100 k MISCELLANEOUS 48- 49 Commodities Imported under Quota Provisions PrellBlnary flcorei for flrat four nontha of I939 (^ota period Commodity Cattle wel^hlDf tinder 200 poonde each Cattle weighing 700 pOTinde or more each* other than dairy cowb. Calendar Tear eotir. Creaa, freeh or sour Eesd Haad Calendar Tear Calendar Tear nsh, fresh or frozen, filleted, etc.. Cod, Haddock. Halce, Pollock, Cuak and Roseflah Found Calendar Tear Vhlte or Irish potatoes: Certified seed 12 months from Sept. l^i 193^ Pound Other 12 months from Sept. 15* Pound Sad cedar shingles from Canada MolasBet and sugar simps, containing soluble nonsugar sollde OTer 6^ of total soluble Bollds 19M let 6 months Calendar Tear Square Calendar Tear Oallon Cocomit oil Calendar Tear Pound Beflned sugar... Calendar Tear Pound Unrefined Calendar Tear Pound Products of Philippine Islands Cordage srogar EBta^llBhad Quota 100,000 Calendar Tear Tlrst Quarter QoBrter Tear 2/ From Canada Other Countries . Whole milk, fresh or Unit of quantity 12 months from Naj 1, I938 Pound (Quantity Imported In Janoary l/ In Tobniaiy 1/ In Karoh \J In April 50 Summary of Criminal Cases In the United States District Courts Alcohol Tax, Oustoas. Varcotlcs, S«cret Serrlce and Xatemal B«T»nae 1/ for the month of March 1939 UTTSBTOBT OF CASSS Bureaa p Treas. HJ 10 U.S. Treasury Dept. Treasury Bulletin .A2 1939 Treas. HJ 10 .A2 WTNM ^^jf;_Treasur3^Dept. 1939 ^^il - June