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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