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tHT
0EPM**
TREASURY
REFERENCE
To be used
in Treasury-
Library
BULLETIN
OF THE
TREASURY DEPARTMENT
SEPTEMBER 1939
;YB"EA7r,
Room 360
(*
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
OCT 4
1939
#
BULLETIN
OF THE
TREASURY DEPARTMENT
SEPTEMBER
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
Table of Contents
Reoelpta and Expenditures
Fiscal Years 1935-*K)
Expenditures by Classes, Receipts by Sources
Social Insurance Accounts
2
3-H
12-13
Cash Income and Outgo
ik
General Fund and Public Debt
Composition of the General Fund
17
Composition of the Public Debt
Net Market Transactions of Treasury Investment Aocounts
Holdings of Government Obligations
Insured Bank Holdings of Government Obligations
Computed Interest and Yields on Publlo Debt Issues
1&
IS
lg
20
21-23
Government Corporations and Credit Agencies
Assets, Liabilities and Proprietary Interest
Sources and Uses of Funds
25
26-27
Issues Outstanding
28
Financing Operations
28
International Capital Movements
Summary Table
30
Short-term Foreign Assets and Liabilities
Security Transactions and Brokerage Balances
Transactions In U. S. Domestic Securities
32-33
Foreign Exohange Transactions
3^-39
1
3 *— 35
36
Other Monetary Data
Gold and Silver Stocks
Sliver Production, Movements and Seigniorage
'U-
Foreign Exohange and Price Data
k^-k-G
Miscellaneous
Commodities Imported Under Quota
Law Enforcement Statistics
|
4-2
kj-kM-
h-8
^9
FEDERAL
RECEIPTS
AND
-l-
EXPENDITURES
Summary Table on Receipts, Expenditures and Public Debt
(In million! of dollar! - on basil of dally Treasury statements, unrevlsed.)
Monthly Receipts, Expenditures and Excess of Expenditures
(In millions of dollars - on basis of dally Treasury statements, unrerlsed)
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Hot.
See.
Total
Receipts
•
211
203
228
281*
206
21U
218
275
335
308
£7
601
752
1,011
960
737
193ft
720
93ft
580
1935
1936
1937
1938
1*88
1939
&
693
531
489
613
528
662
509
285
310
304
199
385
728
317
271
338
179
2U5
193ft-
1935...
1936...
1937...
1938...
1939...
1*20
182
228
231
363
ft63
218
27?
W*9
29ft
5f9
868
1*09
?J 3
268
2U6
256
335
375
397
U99
788
711
6Wt
1*83
61*3
391
77ft
613
1*21
311
308
260
235
272
333
332
2l»7
234
233
327
382
3.1*92
517
866
70U
3.857
4.372
6,312
5.993
Ixpenditures
538
588
57ft
6i*i*
81
752
879
858
J? 5
6>*8
I
569
786
7ft5
U62
557
246
2,1*38
1.295
937
973
611
616
661
677
763
807
51*4
1*38
592
558
683
822
588
683
702
765
790
805
681
612
771
598
535
569
ft99
678
647
637
728
680
870
7,755
7.1*51
9.36ft
8.360
8.493
Excess of expenditures
193ft
1935
1936
1937
1938
1939
Note:
160
-27
-108
-196
-208
11*2
1*17
39ft
370
518
252
395
.909
229
194
348
1*27
l6
J,
360
393
275
F
249
3
3f7
268
1*52
105
196
1*99
1*02
95
167
184
-86
5ft
530
570
1*09
279
1*39
Negative figures denote excess of recelpte.
Summary of Receipts and Expenditures
(In millions of dollars - on basis of dally Treasury statements, unrevised) l/
Fiscal year
or month
351
301
336
172
296
262
203
211
-186
166
4,263
3.594
4.992
2,048
2.500
BUDGET RECEIPTS, EXPENDITURES AND EXCESS OF EXPENDITURES
January 1934 to Date
DOLLARS
1934
1935
Millions
.200
1936
1937
1938
1939
DOLLARS
Millions
Receipts
1,000
800
600
400
200
11
JMMJ
1.600
1.400
1.200
1,000
200
1.000
800
600
400
200
200
SNJMMJ SNJMMJ SNJMMJ SNJMMJ SNJMMJSN
Expenditures
-
General
(Xn millions of dollar! - on baslB of dally Treasury statement, unrovleed)
fiscal yaar
or month
1933-
Total
19351936.
1937.
1938.
1939.
1938-Aug..
Sept.
National
dafanM
356
668
use
53"
1*29
7»
505
856
97U
Tatarana
Admlnletratlon
$
sU
U9
%
us
»7
51
55
90
92
Ub
57
37ft
U6
g
81
UsU
500
1*6
91
>»5
1939 -Jan.
Teh.
Mar.
391
61
9U
U6
55
51
77
91
10.
U6
52
5U
U9
87
U6
90
>»5
95
U5
2/
1/
.075
3"*1
Oct.
Hot.
Dec.
1/
Vorlcs
118
15U
80
150
807
*8
U99
Apr..
May..
June.
U56
July.
Aug..
UI9
U2U
635
6U
5>»
agricultural Adjustment
program
Puhlle
763
507
556
576
580
582
•552
3.283
2,681
3.225
3.399
U.297
U,66l
5.328
193>».
Departmental
Interest
on the
public
dent
bS°,
289
712
533
527
362
787
U71
536
52
s
1
33
s
2/
w,
2/
188
238
l
166
169
S
MJ
172
157
10
ill
18
U9
28
1U
67
9
173
6
%
33
25
28
26
63
70
53
25
V
61
23
22
s
9*
2U
98
106
22
23
26
28
25
33
23
23
3
Other
926
9U1
325
290
73
57
757
821
7U9
866
29
321
us
100
106
Social
Security
and
Ballroad
Retirement acts
Civilian
Conservation Corps
1
7
30
6
2U
17
120
10
13
37
33
18
66
10
272
25
15
uu
15
18
36
15
22
3*
Includes public buildings, public highways, rivers and harbors, Tennessee Valley Authority. Rural Electrification Administration and
reclamation projects.
Included under Recovery and Relief in these years.
Expenditures
-
Recovery and Relief
(In millions of dollars - on basis of dally Treasury statement, unrevised)
Public works, including work relief
fiscal year
or month
WPA 2/
1933193ft.
19351936.
1937.
1938.
1939.
19}8-Aug..
Sept.
Oct.
Nov.
Dec.
1939-Jan.
Tab.
Mar.
1/
2/
3/
4/
*
(
)
Other
Agricultural
Aid
1.26U
1.896
1.U72
2.2U0
236
2U3
193
19U
262
207
2U8
19U
219
Si
75
185
160
60
(1)
9
201
P
61
173
6U
$
5
61
309
258
25U
297
266
262
252
July.
220
321
Aid to
home
owners
Miscellaneous
C)
385
2.763
3.369
3,Wtl
3.073
2,238
3,105
Apr..
May..
June.
Aug..
Relief
U9U
816
78U
l.suu 1/
2.3U8 1/
985 1/
7U1
}U2
606
78
6
2
2U
36
U9
U8
1
57
6U
170 2/
50
9
U
Includes funds expended for Civilian Conservation Corps during these years.
Includes $9U,000,000 restoration of capital Impairment of Commodity Credit Corporation.
Prior to fiscal year 19UO figures Include Rational Touth Administration expenditures.
Includer. $119,599,918.05 restoration of capital Impairment of Commodity Credit Corporation.
Less than $500,000.
Indicated excess of credits, deduct.
2U0
198
10
9
36
(U)
7
8
C)
C)
13
10
11
3
1U
20
32
25
s
60
60
51
303
182
106
215
11
125 5/
9
2
C)
2
6
Expenditures
-
Revolving Funds (Net), and Transfers to Trust Accounts, etc.
(In million, of dollar, - cm basis of dally Treasury statement, unrevlsed)
Transfers to trust accounts, etc.
Revolving fund, (net)
fiscal year
or month
Total
7U
496
3U5
Agricultural
aid
Public
oris
Total
Old-age
Beeerre
account
advances to
Government
adjusted
Ballroad
mnployees'
Ballroad
Service
Unemployment Retirement
Retirement
Certificate
funds
Insurance
account
fund
(U.S. snare)
Account
150
20U
20U
121
92
(33)
(18)
(13)
(8)
223
13U
101
1.S1U
868
607
685
265
387
503
1U7
107
13
10
(1)
(1)
Ik
11
Us
U5
3«
33
10
12
Oet.
Hot.
10
11
Dec.
U
(1)
(1)
(2)
UU
US
ue
32
32
32
12
16
16
1939 -Jaa.
Too.
Mar.
C)
C)
C)
5
11
39
10
37
50
50
18
11
L95S«tac..
Sept.
7
5
6
Apr..
May..
June.
July,
lag..
•
(
)
Leas than $300,000.
Indloatee exoese of credits, deduct.
1
11
bit
3
6
6
68
g
8
|:j
<•>
9
55
50
56
(1)
1
11
1.
21
21
21
Ul
U7
100
50
50
.773
556
121
71
71
7U
3U6
1U1
1933193».
19351936.
1937.
1938.
1939.
73
75
2
55
56
U3
1>8
22
18
87
15
Collections of Internal Revenue
(In thousands of dollars - on basis of reports of collections)
July 1 - August 31
August
Sources of Revenue
1938
1939
Ilscal
year 19U0
Jiscal
year 1939
Income taxes:
Corporation
Current
Back
Individual
Current
Back
Excess-profits.
10,017
11.283
23.947
29,266
32.910
17.911
**.335
8.701
6.1U2
1.719
13,09l»
2.187
11.180
13.583
1.948
Total income taxes.
33.^6
77.195
77.532
Tax on unjust enrichment.
592
1,119
1.322
76.462
111,184
53.61*7
51."*77
317
60,362
26,539
758
590
1.U65
1.576
1.U60
3.057
3.070
Miscellaneous
Internal revenue:
Capital stock tax.
Estate tax
Oift tax
7^.52**
29. 151*
Alcoholic beverage taxes:
Distilled splrtis
(Imported, excise)
Distilled spirits
(domestic, excise)
Distilled spirits
rectification tax
Wines, cordials, etc.,
(imported, excise)
Wines, cordials, etc.
(domestic, excise)
Brandy used for fortifying sweet wines
Dealers in distilled
spirits; rectifiers;
manufacturers of stills
(special taxes)..,
Stamps for distilled
spirits intended for
export
Case stamps for
distilled spirits
bottled in bond
Container stamps
Floor taxes
Fermented malt liquors....
Brevers; dealers in malt
liquors (special taxes).
Total alcoholic
beverage taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing
and smoki ng
, • , .
Cigarette papers and tubes.
Leaf dealer penalties, etc.
Total tobacco taxes.
Documentary
etc.
18,978
7**S
15.935
601
35.573
1.378
32.907
1.266
25
20
50
Hi
U52
366
821
737
au
1,1*6
1/
U9
611
it
28.816
62k
19
1,161
51U
3.765
169
3.962
1/
1/
1/
18
121
1.276
31
1,209
3.419
56,019
593
2.908
28,808
633
56.1U5
2, 061
2,132
53.H3
52.522
10U.768
104, 962
1.190
1.153
2,228
8
8
17
2.179
IS
1
2
U9.71 *
621
47.675
U
92,494
1.084
89,028
1,026
5.376
4.951
9.637
9. 1*17
1
1
105,609
101,692
1
I/°
3
56,980
54.432
3
taxes:
Total documentary, etc.,
stamp taxes
1/
Lees than $500.
Miscellaneous internal
revenue - continued
Manufacturers' excise taxes:
Lubricating oils
Gasoline
Tires and inner tubes
Automobile trucks
Other automobiles and
motorcycles
Parts or accessories for
automobiles
Electrical energy
Badlo sets, phonograph
records, etc
Mechanical refrigerators.,
firearms shells, and
cartridges
Pistols and revolvers
Toilet preparations, etc.,
(including repealed
5* tax)
Matches (including
repealed taxes)
Brewers' wort and malt
(repealed as of 7/1/36).
Articles made of fur
(repealed as of 7/1/38).
Sporting goods
(repealed as of 7/l/38).
Cameras and lenses
(repealed as of 7/l/38).
Chewing gum
(repealed as of 7/l/38).
1,716
3.388
3.257
1,124
297
2,052
1.937
501
3.^81
251
14
37
1*36
Total manufacturers'
excise taxes
Miscellaneous taxes:
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph,
radio and cable facilities, leased wires, etc.
Transportation of oil
by pipe line
Leases of safe-deposit
boxes
Admission to theaters,
concerts, cabarets, etc.
Club dues and
Initiation fees
Adulterated and processed
or renovated butter, mixed
flour and filled cheeBe.
Oleomargarine i ncludi ng
21+9
4.077
5,863
7.^51
year 1939
5.374
6.591
1,028
7.221
35.633
4.589
797
2.576
20,165
3.962
279
2.437
19.369
2,162
307
1.416
332
7.174
3.890
580
3.205
390
2.893
1.462
6,594
1,062
6,067
1*02
1,001*
400
419
2. 5^5
705
1.063
361
2
754
627
»l
3
7
>*57
903
1.150
2,026
1/
22
1/
92
1/
3
3
8
17
>*5
35
99
9
275
21
621
79
1/
176
6
106
»78
64,789
41, 045
16
3U.UU0
30,445
268
6,21*2
229
4,291
498
11,123
10,858
7
1
*.
1
>t35
2.223
2.216
4,469
4,164
1,022
1,080
1.964
1,806
181
182
362
352
1.513
1,425
3.048
3,044
638
686
1,102
1.156
1
2
4
4
218
260
906
1,027
19
21
153
156
1.767
1/
2,058
3.941
2
4,017
4
14.097
12.519
27.580
27.195
265,886
241,654
448,997
470,415
73.555
66,131
139,696
127.158
6,052
4,986
11.150
10,166
79.607
71.117
150,846
137. 32 *
17,81*0
14,619
19.355
26.119
97,>*>*7
85.736
170,201
163.443
397.421
362,286
697.512
712.712
above
Payroll taxes:
Social Security taxes
(Social Security Act):
Taxes with respect to
employment (title Till).
Tax on employers of
S or more (title IX)....
Carriers Taxing Act of 1937.
Total payroll taxeB
3,26l
71 seal
year 1940
,
special taxes
Narcotics, including marihuana and special taxes.
Coconut and other
vegetable oils processed
National Firearms Act
All other, Including repealed taxes not listed
Total Social
Security taxes
44
1938
,
Total miscellaneous
Internal revenue...
1,831
July 1 - August 31
fiscal
1939
Total miscellaneous taxes
stamp
Bonds of indebtedness,
issues of capital stock,
deeds of conveyance, etc.
Capital stock and similar
Interest sales or transfers
Playing cards
Silver bullion sales
or transfers
Sales of produce for future
delivery (repealed as
of 7/1/38)
August
Sources of Revenue
Total Internal revenue..
1/
69
172
1
8
Collections of Internal Revenue
(la thoueanda of dollars - on
tuli of reports of collections)
Payroll Taxea
laeoaw and Profit!
Flooal yaar
or aoath
total
2.939.056
3.060,166
2.628,229
1.557.729
1.619.839
2.672,239
3.299.636
3.520.208
6.653.195
8.765
5.658/
5.181.
1.576
1929
1930
1931
1932
1933
1935
1935
1936
1937
193«
1939
l93S-ta«.
Sopt
Oct.
IOT.
Dm.
IadlTldnal
Total
2,331.276
1,263,1*11*
833.6U8
627.191
352.576
819!o56
1.105.791
W9.509
527.113
67U.U16
I.O9I.761
1,286,312
1.028.S3U
1.026,393
629.566
396.21s
600. 167
578.678
753.032
1,082,028
I.336.5OI
1.159.597
12.76U
227.573
21.8U5
267.975
85,736
2.86U
32.691*
••81.509
9.668
12.513
213.622
23.978
267.887
51.598
57.526
U98.U7U
19.067
32.333
291.215
w|U32
1.1*27,61*8
2.173.769
2,622,813
2.178,631
3U.609
315.061
30U.572
662.252
U2, 162
279.986
36.U91
6qi|uoi
*•*••
Job*
§.'.2
353.868
Julj
300,091
397.621
63.699
33.696
Aug.
Total
Capital
•took
1937.
1938.
1939.
1938-Aa«..
1*8,078
1*7,1*22
11*9,1*76
65,60s
2,071*
5.509
779
16. 619
11
81,508
81.979
2.939
8.S
7.287
6.731
16.939
2.U1U
1*83
1*2
32.531
25.191
207.259
98.992
125.870
3.855
59.035
7».571
2.6l0
25.150
1».807
I3.6O5
-301
1U.96U
19.667
163,668
26.328
2U.785
190,200
69.681.
93.061*
62.529
73.682
2,6oU
11..318
32.381
23.019
72.75"
97.667
10 .U77
12.777
11.695
10,632
8.706
63.176
258,911
Tobacco
l*6l*..277
1*6,956
98.579
32.26l
57.578
66,580
63.133
68,990
69,919
66.233
uo;12.739
305.568
6l6, 87U
36O.7I5
60.362
II.653
27.
22 IjS
52.522
56,1*32
67. 2**6
50.952
37.51?
29.326
33.701
56.603
57.573
51,270
66,291
67.539
38,151
35.918
67.356
67.359
60.837
1.613
12,961
12.985
5.098
6.052
1.515
17.8UO
1
166
31*1*
138
267.751
3?0,038
362.275
379.560
61*9, 85U
616.756
396.891
Hltoollaneoue
On just
anrlchaant
36.322
25.010
18,310
l>t, 026
87.696
167,156
108,196
92,132
98.28?
131.706
162.180
6.073
6,217
6.683
526.222
71.637
31.517
31.399
31.087
I5.O60
15.268
12.951
5*3
763
36.355
1*9.321
3.831
3.198
3.126
13.036
13.556
12,178
2,962
3.070
2.716
31.750
13.169
13.290
12.556
831
2,602
3,261
1*0.038
13.683
l6.097
527
592
1939-J".
16M58
300
Tab.
169. 6S5
16>*
27,828
22,062
Mar.
188,771
213
1*2,1*61
Apr..
170, WW*
1U1
Hay..
June.
176.89>*
197.695
180
1J1
33.626
22.533
36.177
1*6,277
56.982
62.53?
53.106
56.506
183.111
26;, 886
1.937
76.5**
26.767
29.671
51.655
53.113
68.629
56.980
1*3.815
.627
ju.uio
Adjoat-
3n,623
3.592
6,212
3.895
322
Agricultural
2/
286
698
in. 061
1/
2/
1*1,083
Maanfaoturere
excites
12
663
its.
12.520
13.962
Doe.
July.
1.717
36.050
"38
At*-..
73.555
37.691*
30.1*65
191. IS*
185. 699
1*9,1*61*
66,11*1
109,627
6,078
3.029
or.
Oct.
Stanp
66.173
77.72?
596.265
567.979
587.800
9U.9U3
137.699
139.369
127.203
16.252
1*50,
650.339
i*3>*.i*i*5
378,81*0
2,021,075
2,207,608
2,287,075
2,256,031
183,1*31*
36.310
113.138
212,11?
Alcoholic
baToracoi
71*0,1*29
Iinmu
625,169
659.17?
501,166
552.256
568,182
580,159
91. 508
1*8
1*8
265. 7U5
71*2,660
58.119
90.267
IOI.167
1*11,022
505,661*
80,168
1,1*81,160
1,667,1»23
21*1.655
letete
and
01ft
61.897
6U.770
607,780
629,887
568,189
500,972
873.068
1929.
1930.
1931.
1932.
1933.
1936.
Title IX
207.339
502.917
529.835
Mleoollaoeoue Internal
Plical r*ar
or month
mi
Carrlart 1
Taxlac Art
of 1937
1.235.733
i:Si:S§
695,51*8
Apr.
Titio
l.S60,o6o
1.0S6.757
362.286
315.S65
Total
2.W0.259
682. 5Wt
1939-J«nJob.
Mar.
Social Saeurlty lot
Corporation 1/
Including excess-profits tax oollootlona.
dlTidend. tax lapoaed by the Aot of June l6. 1933.
Including tax oolloetloao undsr tha Sugar Act of 1937 and undar tha
5S
301
QJ
LJ
UJ
o
n
o
D
O
D
<
h
x
l-
z
O
.2
10
Customs Duties and Taxes Estimated, and Value of Dutiable and Taxable
Imports, by Tariff Schedules: Fiscal Year 1939
(In thousands of dollars) 1/
Month
11
Estimated Receipts from Taxes Imposed by Various Revenue Acts on Imports
Into the United States: Fiscal Year 1939
Article
13
Receipts and Expenditures under Social Security Act
(In millions of dollars - on basis of dally Treasury statements, unrevised)
Bacalpta
Bnployment
taxes
Title Till
fiscal year or month
1936
1937
193«
1939
expenditure!
Tax on fcployara of
Total
Bacalpta
or more.
(Title IX,
Sec. 901)
8
AdmlnletratlTe
Xxpansei
Orants to Stataa
Unemployment
compensation
administration
.6
19U.3
51U.S
530.lt
1938^Aug.
Sept.
97.8
2.2
8.0
Oct..
Hot..
30.6
95.7
2-5
2.9
Sac.
1939-Jan..
Jab..
Max..
28.9
102.2
2.2
Apr..
May..
June.
27.1
109.1
3-3
July.
Aug..
32-7
106.6
•
Iota 1
1/
252.2
57.8
90.1
100.9
15.8
20.0
21.3
60H.lt
631.2
58.9
5-8
1.2
2U.8
6.8
J8-
6.3
20.
11.
33.5
102.8
3-0
1>
12.9
Ul.7
1.7
"t.6
i5lt.lt
3-9
1.8
1.7
2.6
2.2
29-9
118.2
U.O
1.8
1.8
1.8
9-0
35.lt
1.7
1.9
1.8
uit.6
to
states
27.8
I66.9
271.5
320.3
•
7.1
.5
I
1.6
Total
grant
26.9
157.8
229.6
261 .It
9
9-1
1.8
1.8
5
ance,
etc.
Ul.
IO5.8
2.7
•
Old-Age
Assist-
.6
It.
It
5-3
8.8
7."»
Refunds to
Transfers
atatae of
Total
to Old-Age
taxaa colIxpsndlBeeerve
lected under
tures
Accounts
Title IX. Sec,
(Title II)
901 2/
28.lt
265.0
387-0
503.0
1*7.7
719.1
30.6
8.0
38.0
33-0
70.U
12.8
U7.2
26.6
12.3
32.0
32.0
32-0
81.0
60.3
26.
21.
30.8
19-
21.5
37.0
50.0
50.0
69.5
76.0
73.2
26.0
26.1
10.3
35-0
30.5
15.6
55.0
50.0
56.0
91.8
82.3
73.5
32.5
26.3
tl.3
33-7
1*3.0
1*8.0
86.0
83-7
lto.6
2"t.2
suit. 6
"t5.9
figures In tola and four succeeding tables are rounded to nearest tenths of millions and will not necessarily add to totals.
Second Deficiency Appropriation Act, fiscal year 1938, approved June 25, 1938, carried an appropriation of *ltO. 561 886.U3. pursuant to
authorisation of Aug. 2U, 1937, for making refund to certain States of portions of federal employers tax for 1936 collected under Title IX
of the Social Security Act.
Counter entry, deduct.
Includes only expenditures from appropriations made specifically for administrative expanses relating to the Social Security and Railroad
Retirement Acta. Doee not include administrative expenses payable from other appropriatlona. The principal agenclee in the latter group
are the Bureau of Internal Revenue of the Treasury Department, and the Public Health Service and the Office of Xducatlon of the federal
Security Agency.
1
f
Old-Age Reserve Account
(In millions of dollars
on baala of dally Treasury statements, unrevised)
-
Ixpendltures
Bacalpta
Cumulative as of and
of fiscal Tear
or month
Appropriatlona by Congress
Transfers
from
general fund
1936.
1937.
1938.
1939-
Balance avallable for
transfers
265.O
652.0
1,155.0
1939-July.
Aug..
113.0
1,198.0
507.0
1.2li6.0
1*59.
Unexpended
Interest
Total
Total
Becelpts
Investments
265.0
765.0
1.155.0
2.3
17.7
ltU.6
267.3
782.7
1.199.6
1,705.0
1.705.0
1A.6
1.7U9.6
ltU.6
1.71*9.6
Benefit
Payments
Investments
Total
5-t
19.3
267.2
777-2
1,180.3
267.1
662.3
1.177.2
20.7
22.0
1.728.9
1.727.6
1,220.2
1.263.2
To credit
of appropriations 1/
To credit of
disbursing
officers
.1
.1
113.0
1.9
3.0
.1
507.1
1*59.1
1.6
5.3
Includes balance of appropriation available for transfers.
1/
Unemployment Trust Fund
(In millions of dollars - on baala of dally Treasury statements, unrevised.)
Kxpendlturee
Becelpts
Balance
Unexpended balances
Cumulative aa of
and of fiscal
year or month
Deposits
»7
Statss
1/
1936
1937
1938
1939
18.9
310.6
1.058.2
1.869.5
1939-July.
Aug..
1.912.1
2,066.3
Deposits
Railroad
Retirement
Board
Advanced
from
Appropriatlona
Interest
Investment a
.1
18.
2.!
18.0
313.
l*H.S
15.0 2/
15.0 2/
Total
Bacalpta
Wt.9
Ult.9
Withdrawals
or
States
Railroad
unemployment
benefit
payments
Total
expenditures
Total
18.9
1.076.2
1.91U.3
1.0
192.0
633.8
1.0
192.0
633.8
1.972.2
2,126.5
675-t
715.1
7lt
1
*
312.
884.2
1.280.5
1,296.8
1, lllO.lt
Investments
Trust
account
Disbursing
account
(Railroad
unemployment
benefits
and refunds
18.
312.3
872.0
1,267.0
1.253.0
1.382.0
.1
12.2
13.5
28.9
14.9
llt.it
l».l
1/
amounting to
Includes in 1938 the proceeds of refunds to States of taxes collected undsr Title IX. Section 901 of the Social Security Act.
2/
Act of June 25, 1938.
Advanced to Bellroad Unemployment Insurance Account, pursuant to Section 10 (d) of the Railroad Unemployment Insurance
Such amounts advanced to be repaid on or before January 1, 191*1.
$1*0,561,886.1*3.
IS
Receipts and Expenditures Under Railroad Retirement
and Railroad Unemployment Insurance Acts
(In millions of dollar! - on baale of dally Treasury statements, unrerlsed)
Expenditures
Receipts
Taxes upon
earrlare and
their amployeea
fiscal year or month
1936
1937
1938
1939
ana 1 nil
tretlre
Expenses
25.5
Sept
Oct.,
lot.,
Sao.,
.s
26.5
.9
•
146.4
107.1
.2
•3
9.5
11.5
.2
.2
11.5
16.5
16.5
3
3
•3
•
27.5
•
3
1,5
1.5
2.6
3-3
•
1939-Jan.,
Teb.
Mar.
Total
Expenditure*
.3
A
150.1
109.3
1938-*o«..
Transfers to
Railroad Unemployment Insurance account
Transfers to
Railroad Retirement Acct.
,
ll!9.0
110.4
9-7
11. s
11.7
16.7
16. 8
1.5
1.8
18.0
18.3
•
3
3
.u
Apr.
May.
June
6.1
21.1
July
Aug.
4.4
15.0
21.9
18.1
.7
37.4
18.7
Railroad Retirement Account
(In millions of dollars - on baele of dally Treasury statements, unreTieed)
Expend 1tures
Receipts
Balance
Unexpended
Appropriations by Congress
Cunulatlre aa of and of
rises! year or month
Transfers
Balance
from
general aTallable
for
fund
transfera
Total
Interest
on
Inreet-
Total
Receipts
Benefit
Payments
Total
Inrestmente
aento
To credit
of
appropriations
u
1936.
19371938.
1939.
1939-July.
Adc..
1/
2/
1U6.U
253-5
275- 1*
293-5
11.3
U6.6
U6.6
1U6.5
26U.8
109.5
91
384.9
384.9
.1
A
1.4
3.6
46.6
46.6
1U7.9
268.4
U.O
79.«
185.6
46.6
U2.6
68.1
82.7
3.6
3-6
388.5
388.5
194.7
203-8
193.8
184.7
Transfers from general fond were not refleeted until July 1, 1937.
Includes balance of appropriation arailable for transfers subsequent to June 30. 1937*
46.6
36.6
66.
.2
67.
13.2
69.
77.
ill.
93."*
To credit
Of disbursing
offieer
6.0
1.6
2.3
13.3
14.2
14
Cash Income and Outgo of the Treasury
(These figures exe not intended to reflect the budgetary position of the Government. They
.ill not agree with budgetary figures on
receipts, expenditures and deficit such as those appearing In Dally Treasury Statements and
in other tables In this Bulletin, for
an explanation of the revisions made in Dally Treasury Statement figures to arrive at
this cash series, see the text in February
Bulletin. All figures In the table at the bottom of the page have not been revised in
accordance with that explanation.)
(In millions of dollars)
CASH INCOME AND OUTGO AND NET CASH OUTGO
January 1934 to Date
1934
1935
DOLLARS^
1939
1938
1937
1936
DOLLARS
Millions
Mill ions
1.200
Cash Income
.000
1.000
800
eoo
600
600
400
200
200
11
JMMJSNJMMJ5NJMMJSNJMMJSNJMMJSNJMMJSN
1,600
I.6O0
Cash Outl^O
1.400
1.200
1.200
1.000
1.000
800
800
600
600
400
200
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
800
800
Net Cash Out<Jo
600
of Outgo
Excess
400
400
am
200
200
400
200
a
ll
Lll
li
L 1
200
Excess of Income
'
JMMJSNJMMJSNJMMJSNJMMJSN JMMJSNJMMJSN
'
'
'
'
'
'
'
'
1934
'
'
'
''
'
'
'
'
'
'
'
'
'
'
'
"
'
1935
For the basts
'
'
'
'
'
h
'
i
I
of these
figures see
I
i
I
I
1
i
the
text
15
in
February
1
i
I
1
i
1
1938
1937
1936
issue
of the Bullet/
1939
'
400
TREASURY
GENERAL
FUND
-16-
AND
PUBLIC
DEBT
17
Composition of General Fund
(In millions of dollars - on
bull
of dally Treasury statements, unreTised)
Current aessts
Znd of fiscal
year or month
Total
"»opW.ng'
balance
Increment on
Seigniorage
1933
193&
1935
1936
1937
1938
1939
862
2,582
l.SUl
2,682
2.551*
2,216
2.838
1.001
2,225
970
1,628
2,l60
lUo
1938-Aag.
Sept.
2,260
2.978
1,663
2,376
Oct..
Nov.
2,569
2,41*7
gold
Inactive
gold
Total
Bullion,
coin and
currency
1.103
3.033
2,016
2.936
2.709
Deposits
Is Ted.
ReeerTe
Bank!
51
837
2Ul
1.851*
1*51
865
1,863
830
1,212
97
118
862
lUl
929
1.022
799
1.151
6U9
611
777
156
203
1,023
1.360
778
963
556
791
lk
J:
186
7U7
736
888
16U
178
202
792
876
873
866
66
63
68
858
792
777
Si
71
76
P
761
86
81
316
11*2
536
11*2
3.087
1.55
1*60
ll*2
2,1(07
ll*2
3.16U
1,960
1,827
"67
11*2
1*78
11*2
2,733
2,625
3.285
1.330
1,265
1,301*
603
570
1.033
3.119
3.517
3.635
1.385
1.35*
1.313
1,222
1,388
Sec.
3.083
2,1*1*9
1*92
ll*2
1939-Jan..
Teb..
Max..
2,
?.933
2,288
2.693
2.732
503
508
515
ll*2
Apr..
Hay..
June.
3.0U1*
522
528
536
1U2
142
lU2
3.230
l.3'29
975
2.92U
2.8}8
2,380
2.25U
2.I6O
>,106
3.087
1,272
1,212
971
1,022
2.1*1*7
1 761
1U2
2.231
1
544
550
2.800
2.576
1.015
986
928
7U8
3.353
3.
3.3«9
July.
Aug..
?39
1U2
11*2
11*2
of
18U
SI
2,1*19
alee
OoT't.Sece.
Current
liabilities
All other
deposits
and collections
1,01*5
l.OUl*
700
lUl
lUl
1.087
Special deposit! a/c
21*9
7
186
17"*
246
186
182
2>*9
Statement of the Outstanding Public Debt on June 30, 1939 and Aug. 31, 1939
(In Billions of dollars - on basis of dally Treasury statements, unrevlsed)
June 30,
1939
Market Issues, etc:
Pre-war bonds
Treasury bonds
U. S. Savings bonds
Adjusted Service bonds.....
Treasury notes
Treasury bills
Matured debt on which
Interest has ceased
Debt bearing no Interest..,
,
Total Market Issues, etc
196
25.218
1,868
283
196
25,
as
1U7
1.308
2,015
278
7. 2*3
1.307
11*2
131.
-8
-5
7,2>»3
Jane 30,
1939
Increased)
Deere aee(-)
1939
-5
-1
Special issues:
Government Life Insurance
fund
Old-Age ReeerTe Account
Ballroad Retirement Account.
Government retirement funds.
Adjusted Service Certificate
fund
Unemployment Trust fund
Postal Savings System
federal Deposit Insurance
Corporation
.
1*11
1*06
36.669
36.797
Total Special Issues....
Total
Public Debt Accounts
(In millions of dollars - on basis of dally Treasury statements, unreTlsed)
fiscal year
or month
537
1.177
An*. 31.
1939
533
Increase ()
Decrease (-)
-1*
86
10
SU
"73
1,263
77
557
20
1.267
128
18
-2
1.382
i>0
115
67
15
101
121
+20
3.770
ll,09lt
32"*
1*0,1*39
1*0,891
U52
18
Holdings of Direct and Guaranteed Interest-Bearing Obligations of the United States Government
(la Billions of dollars)
lad of fiscal
7«ar or aoatb.
<tc
20
Bank Holdings of U.S. Government Obligations and Secutltles Guaranteed
by the Government, June 30, 1939
(Book values as reported to the Comptroller of the Currency, the Board of Governor, of the
federal Reserve System, and the federal Deposit Insurance Corporation)
21
Amount of Interest-bearing Debt Outstanding, the Computed Annual Interest
Charge and the Computed Rate of Interest
End of fiscal Tear or month
Computed annual
interest charge
Interest-tearing debt
1933
193&
1935
1936
1937
1938
1939
$22.157,6U3,120
Computed rate of
Percent
Interest:
7U2. 175.955
8U2.301.133
750,677,802
838,002,053
92U.3U7.os9
9U7.O8U.058
1.036,937.397
3.350
3.181
2.716
2.559
2.582
2.589*
2.600*
37.81(9,982.1(93
951.738.835
956.207.791
977.27U.33i
2.597*
2.581*
2.582*
Sec.
37.896.865.589
38,068,027.769
38,898,851,391
978,6oU,732
982.917.80U
1,005,833,188
582*
S82*
586*
1939-Jan..
Feb..
Mar..
39.097.233.713
39. 325.527. 8U
39, 1(1*2, 07U, 957
1,011, 231, U67
1,017, 2?5,0U2
,587*
1.026.757.937
2.603*
Apr.
Hay..
June.
39.525. *07.813
39.751.011.399
39.885.969.732
1.029.353.995
1.035.271.505
1.036,937,397
2.6oU*
2.60U*
2.600*
July.
Aug..
Uo.ll3,701.72i(
40. 351. 3"»8, U87
I.OUU.251,926
1.050,SUU,300
2.603*
2.60U*
26,l*80,Ug7,92O
27.61(5,229,826
32.755.631.770
35,802,586,915
36.575.925.880
39.885,969,732
19 38 -July.
36.6Ul.937, 719
37,051,561,281
Aug..
Sept.
Oct..
Hot..
Bote:
1
586*
"Interest-Bearing Debt" figures Include discount on Treasury Bills, amount being deducted prior to calculating the average Interest rate.
On basis of Dally Treasury Statements. unreTlsed. Tor basis of other figures see report of Secretary of the Treasury for 1937. P«8« 4U2.
Comparison of Average Yields of Long-term United States Treasury Bonds
and High-grade Corporate Bonds
Monthly averages of
dally figures 1/
Treasury
bonds 2/
Corporate
bonds 3V
Spread between
Treasury and
Corporate bonds
2.65
3.17
•
Feb..
2.6U
3.15
.51
Mar.,
2.6U
3.16
•52
1938-Jan.
52
Weekly, Wednesday
closing prices U/
1939-Jan.
U,
11.
18.
25,
Teb.
Apr..
2.62
J.23
.61
May.,
2.51
3.14
.63
June.
2.52
3.15
.63
3.01
2.96
2.95
2. US
2.95
2.1*5
8.
2.44
15.
22,
Mar.
1.
8,
15.
22,
July,
2.52
3-12
.60
2.51
3.10
•
Sept
2.58
3.12
.5".
Oct.
2. US
3.06
•
Hot.
2.50
3.0U
•5*>
Deo.
2.U9
3.02
•
•U9
1U
21
28
29,
Apr.
5,
12,
1
58
Nay
3
10
17
2U,
53
31
June
1939-Jan.
2.U7
2.96
Teb.
2.UU
2.90
.U6
Mar.
2.3U
2.87
•
53
July
7
5
12
Apr.
2.30
2.92
.62
May.
2.17
2.?6
.69
June
2.13
2.78
.65
July
2.16
2.76
.60
Aug.
2.
2.79
.58
Dote:
I
s
2.08
2.12
2.16
2.17
2.20
2.16
2.17
2.1U
23
30
2.1U
2.17
2.17
2.2U
2.27
Sept. 6
13
IS
Aug.
2
J
Back figures may be found In the July bulletin. Page 20.
January 1938 through April 1938, corporate average Is monthly average of Saturday figures.
Average of Treasury bonds not due or callable for twelve years or more.
Average of twenty bonds. Jan. 193S through Sept. 13. 1938! flwe bonds. Sept. lU. 1938 to date.
Or the last preceding sale when there was no sale on Wednesday.
Corporate
bonds 3/
2.Ug
2.U7
2.U5
1.
Aug..
59
Treasury
bonds 2/
Spread between
Treasury and
Corporate bonds
>-
D
if)
<
2
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Z
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CL
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2,75
GOVERNMENTAL CORPORATIONS
AND CREDIT AGENCIES
-24-
25
Governmental Corporations and Credit Agencies
of the United States: July 31, 1939
(Compiled from latest report* received from these agencies)
(In millions of dollars)
Proprietary*
Interest
Liabilities
Assets
Reconstruction Finance Corp..
Commodity Credit Corp
Sxport-Import Bank of
Washington
Federal Crop Insurance Corp..
Federal Deposit Insurance
Corp
Tennessee Valley Authority...
Public Works Administration..
United States Maritime
Commission
Rural Electrification Admn...
Home Owners' Loan Corp
Federal Savings it Loan
Insurance Corp
Federal Savings &
Loan Assne
Federal Home Loan Banks
Federal Houelng Admn
United States Housing
Authority
Farm Credit Administration...
Federal Farm Mortgage Corp...
Federal Land Banks
Federal Intermediate
Credit Banks
Banks for Cooperatives
Production Credit Corp
Regional Agricultural
Credit Corps
War emergency corps. &
agencies (In liquidation):
Navy Department (sale of
surplus war supplies)....
United States Housing Corp.
United States
Railroad Admn
United States Spruce
Production Corp
War Finance Corp
Other
Disaster Loan Corp
Electric Home and
Farm Authority
Farm Security
Administration
Federal National
Mortgage Asen
Federal Prison
Industries, Ino
Interior Department
( Indian loans)
Inland Waterways Corp
Panama Railroad Co
Puerto Rico
Reconstruction Admn
Mortgage Company
Tennessee Valley Associated
Cooperatives, Inc
Treaeury Department!
Railroad loans (Transportation Act, 1920)...
Securities received from
the Reconstruction Finance Corp. under Act
of Feb. 24. 193«
Guaranteed by
United
States
1,721.8
5«3.9
820.6
206.6
Total..
Privately
owned
Owned
United
States
90.6
77.3
810.6
300.0
.1*
47.7
4.5
48.1
7-2
2.7
1*88.7
199.1*
252.3
58.8
13.6
150.0
238.7
58.8
172.
53.7
118.
93.9
134.5
48.0
119.9
1.1
118.8
uu.e
251.1
77.1*
134.5
2,921.1
U5.i1-
264.
303.1
1,617.2
2.314.7
2,779-2
2.3
111*.
1,388.0
139.3
49.
1-3
7.8
182.
41.1
1,804.2
158.1
44.0
124.7
41.8
142.1
120.7
188.1
312.4
311.3
177.5
122.3
201.2
3
110.1
169.9
122.1
21.9
3-1
18.8
4.1
•
3-4
4.6
1.9
4.6
l.S
1/
i
RFC
lot
Guaranteed by
United
States
16.9
.1
10.8
9-9
256.U
131.6
87.8
7.7
.2
2.6
25-5
.7
"»7.1
1.0
6.1*
2.2
58.1
.3
30.2
2.6
12,584.4
5,310.8
2.957.6
389.8
26
Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking
Accounts with the Treasurer of the United States: July 1930
(Compiled froa late it report! received by the Treasury)
27
Statement of Sources of Funds of Certain Corporations and Agencies Maintaining Checking Accounts
with the Treasurer of the United States, from Inception of Organization to July 31, 1939
(Compiled froa latest report, received by the Treasury)
Appropriation, froa
general
fund 1/
Reconstruction
finance Corp. j/..
Commodity Credit
Corporation.,
Ixport-Iaport Bank
of Washington
federal Depoelt
Insurance Corp....
Rural lleotrlfi cation
Adalnistratl on. . .
Boste Owners* Loan
Corporatl on
federal Sarings
and Lean Insurance Corporation.,
federal Hone
Loan Banks
United States
Housing Authority,
federal fara
Mortgage Corp
Disaster Loan
Corporation. ••••••
Central Bank for
CooperatlTee
Klectrlc Rose and
fara Authority....
Total
1/
2/
3/
5/
Allocation,,
rediscounts,
and loan*
from othar
governmental
corporations
or agenda.
Sal, of
obligations to
Treasury
(aat)
(not)
500,000,000 116.975,665 (276,003. 877
19U.285.U05
200,000.000
1,000,000
Sal. of
obligations in
the aarkat
Sal. of
othar
property
enquired
2.U69.270
905,029,000
Repayment
of loans 2/
U, 782, 121,171*
206,171*, 000
7.992.500
150,000,000
69.536.olt7
Bala of
•took ta
othar
aganoloa
591, 91*2, U29
200.000,000
35,000.000 1.3UU. 1*09,900
6U0.90U
91,036.631
3,316, 0U6
522,S26,06U
510.191
1,528,809
U.S87
lUU.529,931*
5.966.913
U, 703, 661, 203
6l6.698.i9U
31,817, 61*5
3.189.358
356,800
1,000,000
l,l*ll*,2l*g,192
8,1*79,622
261,762,11*8
61*1,71*1*,
877 5,856,825,722
1,203, 298, 63U
U.029,178
2SU.656.357 37.U76.273
652.87U.901
23.22s.75u
31.071
123.259,825
368.259,531
29.99U.U08
30.178.6U3
6U1. 14*6,232
812,556
6,003, 6U5
167,580
151.567.521
I88.i32.653
312. 276. llU
8,37>*.377
2.091.382.U02
1*
82.3U6
20,665,OU7
l65.69U.2s9
8.U25.U13
2.305, 6U5
290.626.130
8.690.33s
1,623.871
185. SU9
19.979.680
2.50U.967
63.8U3.983
1, OSS. 1*25
211,082, UU6
18,000,000
50,000,000
9.808,375
32.37U.0U9
100,000.000
ill*. 157, 000
507,959,032 76.lU6.966 7.166, 70U.98U
19,128.015
88.272.650
30.U26.7140
total,
souroa, of
fund.
1*5.000,000
6,000,000 3.190.303.5501*/
12U,7Ul,000
Other
receipt.
139,299.557
72.950.000
200,000,000
Intareete,
dlTldaade.
assessments
and property InoosM
277.73
6,776, S6S.3S6 1.769,112,680 12s.us9.652 17.171.1SU.287
This is the only itea in this stateaent which constitutes a charge agoinet the federal Budget. Include, ltene chargeable to general fund under
Section 1 of Public Bo. U32, approved feb. 2U, 1938.
Beeelpte frosi sale of property acquired in liquidation of loans are shorn ae 'Sale of Other Property Acquired."
Include, federal Batlonal Mortgage Association and the ETC Mortgage Company.
Retirement of these obligations ehown ae "Retireiient of Obligation, Issued in Ixohange for Mortgages' in etatsaent of uses of funds.
Statement of Uses of Funds of Certain Corporations and Agencies Maintaining Checking Accounts
with the Treasurer of the United States, from Inception of Organization to July 31, 1939
(Complied froa latest reports received by the Treasury - expenditures on basis of checks Issued.)
Betlreaent
expenses
Reconstruction
finance Corp. ZJ
Coaaodlty Credit
Corporation
Ixport-Iaport Bank
of Washington
federal Deposit
Insurance Corp....
Sural electrification
Administration.. ..
Hoae Owners* Loan
Corporation
federal Seringa
and Loan Insurance Corporation.
federal Hoae
Loan Banks
United States
Bousing Authority.
federal fara
Mortgage Corp.
Disaster Loan
Corporation. ..
Central Bank for
OooperatlTee.
Blectrlc Hoae end
fara Authority..
.
fetal
1/
'
!
Adainl st retire
Purchase and
laprOTeaent
of property
Honadjalaisowned
tratlre
68,610,301
6.579. 8U9
5.830.12U
133.09U,U19
U7.700.9lU H03.U7.383
5.2U2.572
2.813.597
5 *. 359. 539
1.933.581
1.U95.381*
5U.270
1
17.055.758
1.596.737
1.197.190.153
2,262,329
528.873
9O.U36.S83
UU, 303. 220
595.950
503.677.31*9
771.310
190. 6UU
139.888,922
371.91U.523 11,872.018
U.U39.3U2.227
2.1*25
3l6.S13.960
529.8U6.63i
7.2U5.U62
25.721.557
6.910.735
3U8.317
3U3. 096.727
59.UU2.663
3.U1U.739
559.337
122,719.6U3
US, 117. J19
15.U07.272
150.183
600, 766,867
8U3.29U
60,858
107.530,065
195,Un,092 u.199.583
2.011. 337. U33
1,700,000
967.Ul8.063
77U.10U.SUc
3.50U
20.U0U.589
U3S.572
3.059.125
2s9.lU7.038
123.731
183,885
19.713.003
s7s.U33.210 30.U95.575
l6.707.U3U.6OO
lS.S5i.U3i
623.807
1.017.779
U7.935.139
71.lU8.187
U5, 710.000
179.U7U.225
59.8Ul.309
18,039.291
135.7U9.675
13.03U. 330.226
231.U80.675
L.
Total, uses
of funds
7.165.2S0.U2S
363.U95.857
11.913
Other expenditures
U9U.878
22,792.500
3.179.95U.570 231.US0.675
Intsrest
and dividends paid
U5.OOO.OOO 198,892, 500 226.U87.370
6U.5iA.262
7S,U38,7U2
798,515
y
Allocations.
rediscounts,
and loans
to other
governmental
corporations
or agencies
1.17U.30U,S75
222
l6.8U3.5go
176,US8,1SU
Investments
(net)
6,619,215,530
U, 232, 783
308. 697
Loane
of obligations Issued
in exchange
for
mortgages 1/
712.877.115j 281. 528. 73U
Receipts received in payment of mortgages appear under "Repayment of Leans" in the stateaent of sources of funds.
Includes federal national Mortgage Association and aha RfC Mortgage Company»223,768.6UO; federal Savings and Loan
Include. 0. S. OoTemaent Bonds in the saeunt of 8290,355.658. as follows!- federal Depoait Inauraaoe Corp..
and federal Hoae Loan Banks 30.22U.321.
Insurance Corp.. 10.997.697; U. 8. Housing astherity U. 700, 000; the Banks for Cooperatives. ,23.665.0001
28
Principal of Outstanding Obligations Guaranteed by the United States
(
Xnd of fiscal
year or month
In millions of dollars - compiled from reports receWed by the Treasury)
THE
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
-29-
30
Net Capital Movement between the United States and Foreign Countries
1935 through June 1939
_l
_J
Q
—_
32
Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for June 1930
(In thousands of dollars)
Liabilities a* of
following dataa
Italy
latherlands
14,711
15,044
14,679
15.096
12.572
12.500
12.581
12.193
136.771
145,610
140,926
145.961
281. 396
14,438
14.669
14.358
1U.775
12.011
12,112
12.279
11,876
256,47U
263.577
270,502
277.173
14,029
13.905
13.843
14,213
10.927
11,019
11.419
11.047
2,130
2,170
2.335
2.471
331
373
288
320
894
918
646
United
Kingdom
Trance
TOTAL 8H0RT-TIHH
TORSION LIABILITIES:
Jane 7
Jane 14
Jane 21
Jane 28
590.120
605,157
599,723
607,388
266.640
272,588
279.746
284.366
TOTAL LIABILITIES
PAYABLE IN DOLLARS:
Jane 7
Jane Ik
Jane 21
Jane 28
526. 041
544,025
541.465
5*7.457
263,580
Deposits for
foreign account:
June 7
June Ik
June 21
June 28
Bills held for
foreign account:
June 7
June 14
June 21
June 28
510. 908
531.876
529.825
535,456
6.919
7.132
7.757
269. 461
276.5"t5
Germany
593
8,182
U7.553
49.587
49.970
*9.735
2, 579. "HI
362,966
251,118
242,183
243,805
242,484
365,
1.550,381
1,577,606
1.590,254
1.606.3U4
290.573
291.915
293,868
290,158
366,311
360,962
359.061
362.577
242,638
233.723
234,972
233.721
47,086
48,921
49,629
49,284
2.496,989
2,513.127
2.527.784
2,542,084
224.833
225.181
235.764
229,966
3W.751
1.^1.377
1,522,629
1.537,879
1.555.732
282,843
284,469
285,342
285,287
342,129
334.921
332.992
335.739
214,569
204.081
344
46,285
48,192
48.942
48,292
2.377.203
338.855
342,138
348,810
11.725
11,096
10.473
10,005
13.438
13.528
13.474
14,380
41,138
41,034
40,082
39.863
5.964
5.928
5.955
3.307
23.693
25,611
25.591
26.319
26,760
28.751
27.339
29.489
605
532
489
798
98,160
101,856
801
801
801
833
250
1,083
833
1
33
800
800
800
800
2.150
2.336
1,926
2,223
17.033
12,860
11,460
10.716
966
718
1.771
764
489
430
478
519
309
391
381
388
1,620.645
1.644.793
1.654,657
1,672,654
135,872
144.750
140,182
144,991
237,299
237.069
247,086
240.435
361,140
355.520
129. "»55
138.216
134,388
139.067
5.701
5. 817
5.109
5,248
359."»71
[
1,000
500
500
3.500
196
197
198
194
561
388
899
259
231
268
33U
1.133
1.074
1.309
1.467
70.264
67,187
64,403
66,310
2.772
1,120
1.178
1.523
439
482
410
389
8,480
8,460
8.833
8.763
g
251
293
292
279
408
316
191
223
157
612
540
796
91U
23.693
22,528
22,203
21,448
2.377
784
857
1,186
300
3»5
276
260
7.049
7.042
l.kkl
7.297
102
307
125
210
446
419
357
92
90
90
40,509
39.432
W3
100
38.722
240
240
225
225
376
J5»
348
330
429
444
423
"53
6,062
5.227
5.860
6.140
155
96
96
112
3.060
3.127
3,201
2.970
Borrowings from
foreign banks:
June 7
June 14
June 21
June 28
22.008
20,876
20,292
19.017
180
287
419
565
Acceptances made
by foreign banks:
June 7
June 14
June 21
June 28
37.165
36.172
33.356
35. 93*
2.729
2,682
2.495
2,200
4,906
4,084
4,6lO
4,980
151
158
287
205
78
302
317
119
*5
105
61
860
744
970
77
87
39
227
223
36.3"t0
Or and
total
2,591.042
2,602,949
2,619,520
2.39'*.292
2.411,907
2.425,394
99,"»56
99.776
2.633
2.383
2.133
H.333
273
375
321
321
64,079
61,132
58,258
59.931
June 14
June 21
June 28
366.750
36l. 444
362,273
356.594
359.648
366. 881
741
542
3.851
5.123
Other liabilities payable
In foreign currencies:
June 7
293.3U5
293.035
295,046
291,681
237,558
237.300
247,354
240,769
716
717
685
676
391
227
242
TOTAL LIABILITIES PAYABLE
II FOREIGN CURRENCIES:
June 7
June 14
June 21
June 28
All
other
Canada
190
175
214
236
4.976
3.71U
3.708
1.752
4.0.85
Tar
last
Total
Europe
Short-term United States
Government obligations
held for foreign
account:
Jane 7
June 14
June 21
June 28
Other liabilities
payable In dollars:
June 7
June 14
June 21
June 28
Latin
America
Other
Europe
18,993
14.596
14,288
12,581
82,422
77.915
75.165
77.U36
33.521
31.006
30.902
30,401
40,789
39.706
36.592
38.976
139
137
134
129
l.'WS
1.398
1.365
1.437
n
\
216
241
8,112
7.203
7.671
8.059
33
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for June 1939
(In thousands of dollars)
Assets aa of
following dates
United
Kingdom
TOTAL SBOKT-TIEM
rORIIOH ASSETS:
Jane 7
Jane 1U
Jane 21
Jane 28
59.1U8
62.089
Germany
Italy
Hetherlands
Svitserlaad
Other
Europe
Total
Europe
Canada
Latin
America
Far
114,025
113.436
111.275
55. 1'37
41,438
41,584
40,989
39.867
220.579
224.885
213.625
217,013
37.370
36.449
955
93U
1,701
1.684
1.671
1.611
4,274
3.95?
2.764
3.793
933
1,061
845
1,691
4,228
4,145
3.962
3.896
49,928
48,743
"5.139
47,281
15,236
17.567
16,71?
20,244
5.090
4,592
25.153
25.177
25.250
24,706
1,014
1,022
1,162
1.144
96,295
97.164
93.360
97.967
142
153
143
118
3.561
3.093
1.953
2,880
77U
905
705
2,194
2.066
1.981
1,880
31.653
30,461
26.094
27.236
12.429
13.799
13.510
17.000
1.093
1.010
1.082
1.003
1.371
1.207
1,410
1,244
6
S
267
46,842
46,744
42,374
46,731
576
592
563
1,202
1,228
1,224
1,410
190
174
176
144
19.927
19.930
19.936
19.938
37
581
6.104
6.779
6.346
7.043
110. 308
699
682
605
1,090
405
448
448
368
3.751
4.475
U.096
U.153
122
118
109
125
1,428
1,401
1.401
1.368
157
124
109
110
32
671
9.7U1
8,860
10.178
10.361
13U
I3U
139
128
131
130
127
125
556
742
702
803
125
122
108
121
1.458
1.487
1,418
1.435
12.171
11.503
12.699
13,002
1.605
2,540
1.985
1.834
3,681
21.778
25,640
20,066
20,922
6,814
8,048
6,757
9.319
9.287
8.805
9.053
7.905
15.025
15.094
15.389
15.870
2,485
2.451
2.772
2.805
37.210
37.U39
37.027
35.971
170,651
176,142
168,486
169,732
10.558
10.790
11.321
1.544
2,810
1,660
4.431
6.259
6,283
1.684
1,800
2,033
996
11,191
10,998
11,434
11.799
336
294
781
881
6,801
6,843
6.769
6,621
June 7
June Ik
June 21
June 28
3.521
3.156
1.662
I.U63
1.950
1,908
1.755
1,621
5M05
5.?66
54,041
5.484
5.375
2.546
2.759
2.674
2.654
1,628
1,618
1.450
1.395
Other assets payable
in dollars:
June 7
June lU
June 21
June 28
7.699
7.931
7.6l4
8,138
3.320
3.330
3.342
3.267
16,788
16,657
16.573
16,616
1.6J7
1.571
1.536
1.53"
1,288
1.337
1,281
1.417
521
TOTAL ASSETS PAYABLE
II DOLLARS:
June 7
June lU
June 21
Jane 28
•
Loans to foreign banks:
June 7
June lU
June 21
June 28
502,807
510,349
493.349
494,606
3.418
3.512
3.617
4,496
23.878
23.11U
20.259
20,001
Other assets payable
in foreign currencies
June 7
June 14
June 21
June 28
12.829
11,760
12,474
12,782
19.299
19.053
18.153
19.663
1.3S3
•
105,648
108,102
106,164
100.457
10,988
10.489
10,724
9.516
3U.515
Deposits abroad for
account of domestic
clients:
June 7
June Ik
June 21
June 28
Grand
total
78.519
79.176
77.933
77.372
U67
511
511
432
Banks own deposits
abroad:
June 7
June 14
June 21
June 28
All
other
East
7.769
8,982
7.610
10,662
5>*.599
TOTAL ASSETS PAYABLE
IN EOREIDH CURREBCISS:
June 7
June lU
Jane 21
June 28
Trance
3>».533
l>*.553
78,052
78.665
77.422
76,940
I'M
899
3"»
4,964
M55
278
248
^^
27,460
28.163
27.724
28.557
3.»t71
5:38
3.832
3.^5
3.904
3.52"
681
703
842
874
21.993
22.257
23,262
22.679
34.490
3^.599
33.092
33.802
109,061
108,781
106,185
105,716
80,495
82.925
80,914
75.751
11,815
10.738
11.312
11,638
406,512
413,185
399.989
396.639
38.473
43.952
39.726
42,332
9.152
8.936
4,669
4.996
8,680
9.716
9.193
9.915
"9,297
52.097
50,626
"7.907
222
197
426
105.824
ll4,8?8
104,549
105,576
9.17 1*
9.236
8,911
8,852
79.690
79.465
76,526
75.401
2.726
3.U69
3.956
3.906
33.916
33.57U
33.57?
33.034
1.773
2.277
2.539
2.251
3.5"8
3.138
3.012
3.114
121.653
121.923
119,612
117,706
21,235
21.360
21,347
20,498
52,488
52.725
52,234
51.999
22,612
22,194
24,467
24,900
66,465
65.491
63.413
62.767
29.425
28.551
27.749
25.593
8,045
7."03
7.965
8.098
179.035
176.364
175.828
173.357
Acceptances made for
foreign banks:
55.35U
5>*.5?0
529
34
Security Transactions as Reported by Banks, Bankers, Brokers
and Dealers In the United States for June 1939
(Id thousands of dollars)
Transactions during
week ended-
United
Kingdom
TOTAL PURCHASES
IS THE UHITED STATES
K)H EOREION AOCOUBT:
June 7
June 14
June 21
June 28
3.708
2.682
4,240
3.029
Purchase* of
domestic securities:
June 7
June 14
June 21
June 28
Purchases of
foreign securities:
June 7
June 14
June 21
June 28
TOTAL SALES
IH THE UHITED STATES
»0R POREIOH ACCOUHT:
June 7
June lU
June 21
June 28
Sales of
domestic securities:
June 7
June 14
June 21
June 28
Sales of
foreign securities:
June 7
June 14
June 21
June 28
TOTAL PURCHASES
EXECUTED ABROAD POR
DOMESTIC ACCOUNT:
June 7
June 14
June 21
June 28
Other
Europe
Total
Europe
Hetherlaads
Svl tier-
l.>03
968
3.403
773
1,863
1.909
1.553
912
2.447
2.655
1.822
I.865
1.305
825
66s
1,188
10,865
9.119
11,788
7.886
16,632
5.386
3.078
2,887
985
3.386
2.405
3.359
2.592
1.309
887
2.925
682
1,720
1,724
1.303
816
2,031
2,217
1.365
1.413
918
621
U
9.408
7.877
9,424
6.484
2.321
3,264
1.948
2,144
356
251
359
322
277
>»37
124
81
478
91
143
185
250
96
416
438
457
452
387
204
203
224
1.457
1,242
2,364
1,402
14,311
2,122
1.130
743
4.546
5.691
4,819
3.774
1.045
1.168
3,484
1.833
238
196
270
878
1.443
1.158
1.157
2,009
1.744
1,702
1,820
527
1.037
715
1.370
9.25?
11,184
12.109
10,230
3.907
5.180
4,187
3.427
926
1,108
3.312
1.697
230
76
171
251
755
962
993
1,068
1.565
1.389
1.505
1.477
463
926
651
1,248
639
511
119
60
172
136
123
481
165
444
355
64
111
64
89
58
881
55
151
312
205
344
franoe
Oeraany
92
Italy
land
1
32
U6
122
June 21
June 28
TOTAL SALES
EXECUTED ABROAD 70S
DOMESTIC ACCOUST:
June 7
June 14
June 21
June 28
Aaerloa
total
64
?
4l4
188
122
869
975
506
289
171
149
164
107
13.125
12.516
12,401
9.438
159
182
235
297
270
137
125
26
24
15
16.738
3.922
3.890
2.582
8.522
3.790
2,586
5,l4o
718
1.3"t5
549
690
831
1.231
156
110
233
180
20.000
16.124
16.303
17.330
7,846
9.645
10,841
9.171
2,866
2.899
2,110
4.569
446
68
87
12.541
13.535
14,369
15.535
1,413
1.539
1.268
1.059
5.656
891
476
571
272
157
333
228
413
1.474
746
4.767
1.073
1.665
1.164
5.019
1.487
140
26
212
123
100
42
1.33>»
1
112
}02
3?
236
131
371
31
311
855
292
238
92
Grand
29.863
16.438
16,291
12,020
83
219
241
All
other
175
594
711
4l4
H3
168
133
3
240
763
Tar
last
1.028
1.245
Purchases of
domestic securities:
June 7
June 14
June 21
June 28
Purchases of
foreign securities:
June 7
June 14
Latin
Canada
720
4.764
1.073
981
951
21
1.315
667
824
1,224
353
218
155
7.459
2.58?
1.934
1.795
1.453
1.041
4.919
1.445
853
1.297
1.807
4.938
1.147
114
15
79
25
15
192
981
837
4.582
1.218
1,548
4.784
955
4.597
Sales of
domestic securities:
June 7
June 14
June 21
June 28
Sales of
foreign securities:
June 7
June 14
June 21
June 28
79
T5
145
97
58
145
97
165
6lS
144
34
232
710
195
180
58
31
79
774
35
Security Transact lane In Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for June 1939
(la thousands of dollars)
Transaction*
daring week ended-
TOTAL PURCHASES
IS TBI UHITES STATES!
June 7
June lU
June 21
June 28
Porchaeee of
domestic securities:
Jane 7
Jane lU
June 21
Jane 28
Purchases of
foreign securities*
June 7
Jane 14
Jane 21
Jane 28
Onlted
Kingdom
Trance
1.1*86
13
399
9
3
2
1.386
173
1*86
30"*
100
i*6
3U8
95
Oerxany
Italy
231
83
29
19
46
226
81
29
19
U6
11
2
8
2
TOTAL SALES
IS TEE UHITED STATES:
Jane
7
Jane lU
Jane 21
Jane 28
Sales of
domestic securities:
Jane 7
Jane 14
Jane 21
Jane 28
868
1.974
1.1*65
1.058
712
1.710
1,21(1
718
Sales of
foreign seeurltles:
Jane 7
Jane lU
261*
Jane 21
Jane 28
22U
3U0
Other
Europe
He the rlands
8
9
57
66
16
57
66
13
Total
Europe
Canada
Latin
America
Tar
laet
All
other
Or and
total
36
Foreign Purchases and Sales and Net Purchases or Sales of U.S. Domestic Securities
(In thoueand. of dollar.)
Traneactlone
during
veek ended1936-Jan.
8.
1522.
29-
r.b.
5.
11.
\t
Kar.
Apr.
H»or
LLI
CO
D
U
UJ
CO
y
H
CO
LU
o
Q
to
O
>>
-*
co w
LU «
_l
<
CO
CO
$1
38
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers In the United States for June 1939
(In thousands of dollars)
Oorrenoj of-
Transactions
during
week ended-
Ohited
Kingdom
ether- Switzer-
/ranee
Oeraanj
Italy
lands
land
Other
Europe
Latin
America
Total
Europe
Tex
last
Or and
total
all
other
TOTAL FUBCHASIS:
Jane 7 Spot
June 7 forward
69.185
25.861
2.323
242
640
15
682
2
6.010
1.100
1,262
401
1,870
575
81,972
28.196
41,207
9.837
24l
2.576
1.789
347
126.343
39.822
June 14 Spot
June 14 Forward
64.286
35.085
1.716
312
446
544
134
3,494
2.337
1.092
197
1,762
1.039
73.340
39.109
29.513
5.410
622
1,716
2.050
327
105. 518
5
June 21 Spot
June 21 forward
61,886
31.039
2.876
5«3
487
11
637
163
2.433
1,091
912
71.856
33.341
33.293
13.792
402
1.955
2.4l9
412
107. 918
53
2,625
401
June 28 Spot
June 28 forward
76.342
485
555
133
l
1*3,083
3.087
951
-8S
2,401
56
2,008
679
87.228
45,556
30.236
11.453
491
26
2.041
1.142
288
32
120,284
58,209
Purchases from banks:
June 7 Spot
June 7 forward....
52.927
16,602
1.805
172
605
15
552
5.840
773
1.236
311
1.589
140
64.554
18,014
29.609
7.725
124
2.174
1.138
34
1
96.495
26.877
June 14 Spot
June 14 forward.
50.503
24,867
1.283
232
410
417
125
3.369
1,882
949
107
58,540
27.812
20.686
3.700
510
888
1.854
15
80,639
33.366
June 21 Spot
June 21 forward
46.033
18,695
2.501
263
457
487
143
2.325
922
887
2.363
283
55.053
20.320
24,189
5.915
287
1.415
1.586
51
80.995
27.821
June 28 Spot
June 28 forward....
64. 653
3.011
738
456
1.797
353
2.361
56
74.662
33.894
22,287
6,123
301
26
1.570
674
60
9
489
132
1.895
32.393
98,880
40.717
Purchases from customers other than hanks:
June 7 Spot
June 7 forward. . .
16,258
9.259
518
70
35
130
170
327
26
90
17.416
10,182
11,598
2,112
117
402
313
435
29,848
12.945
June 14 Spot
June 14 forward.
13.783
10,218
«»33
36
125
455
143
90
8.827
1,710
828
196
312
4S5
14,800
11.297
112
9
24.879
13.203
108
169
25
50
262
118
16,803
13,021
9.104
7.877
115
540
833
361
26.923
a, 731
40
113
466
12,566
11,662
7.949
5.330
190
471
468
228
32
a. 4o4
17.492
86
5
115.434
49.467
1
99.813
50.695
. .
.
.
9
5
11
1
80
127
3
213
281
49.552
651
June 21 Spot
June 21 forward....
375
320
30
12)344
150
20
June 28 Spot
June 28 forward....
12.189
10,690
76
29
66
53
213
1
292
TOTAL SALES:
June 7 Spot
June 7 forward
62,928
32.115
2.342
223
616
6l4
1
3
3.571
2,016
1.37?
274
1.815
435
73.265
35.067
39.438
12,086
327
10
2.318
2.299
June lU Spot
June 14 forward
64.297
37.071
1.653
272
457
2,495
2.876
1.039
376
1.838
965
72.282
41.603
24,632
6.986
611
2,245
2,102
June 21 Spot
June 21 forward.,...
57.315
37.087
June 28 Spot
June 28 forward
73.072
40,079
9
46,569
493
23
654
83
2.099
1.267
986
156
2.420
601
66,617
39.863
31.335
15.761
344
2.109
2.312
203
100. 60s
2,044
1.313
429
10
586
1.777
388
1.667
980
80,946
44,011
28.554
12.822
511
2.230
1.029
116
1
1.371
1,240
112.357
57.990
49,249
20.663
1,216
167
309
30s
2
2.689
I.I54
888
274
1.059
393
55.718
22.654
25,478
10,447
1,111
2.163
42
82.438
35.279
June lU Spot
June 14 forward....
51,240
25.818
917
128
233
255
34
2.003
1.929
721
329
1,226
838
56.595
29.076
17.363
5.016
1,116
1.779
11
75.173
35.871
June 21 Spot
June 21 forward....
44,342
24.095
1,612
588
245
323
62
1.755
834
729
110
1.712
601
50.718
26,293
20,341
9.107
114
630
2.146
141
3
71.944
37.546
June 28 Spot
June 28 forward
57,162
966
1.294
165
305
1,032
654
831
365
1,001
897
61.462
34.915
19.623
ll.o4o
148
128
1.175
52
82.460
46,902
1,126
307
882
862
491
17.547
12.413
13.960
1.639
238
1.207
136
44
32.996
14.188
492
947
318
47
612
127
15.687
12.527
7.269
1.970
523
1.129
323
24.640
14.824
708
15.899
13.570
10.994
6.654
230
1.479
166
28.664
20.390
666
83
19.484
9.096
S.931
1.782
363
1.055
210
Sales to banks:
June 7 Spot
June 7 forward.
.
.
3L705
Sales to customers
other than banks:
June 7 Spot
June 7 forward ....
13.679
11.452
June 14 Spot
June 14 forward.
. .
13.057
11.253
June 21 Spot
June 21 forward ...
June 28 Spot
June 28 forward.
.
.
1
306
1
56
224
248
lUU
9
12.973
12.992
1.038
5«
248
20
331
21
15.910
8. 37*
1.078
19
26U
10
281
1
4^
3
946
23
128
8?
10
57.936
5
819
SU
29.897
11.088
39
Outstanding Forward Exchange Contracts as Reported by Banks
and Bankers in the United States during June 1939
(In thousands of dollarn)
Currency of-
Contracts aa of
following dates
Unltsd
Kingdom
TOTAL PUBCHASE COKTRACTS:
June 7
June 1U
June 21
June 28
Contract* for purchaaee
from foreign customers:
June 7
June 14
June 21
June 28
'
,
franca
Oermany
Italy
342
355
Swltierland
Other
lurope
11,689
12.937
13.409
11.857
2,206
2,264
2,107
1.593
9.642
10,628
10,852
9.416
282,115
291,502
293.882
289.955
103,885
108,601
1.785
1.785
1.785
1,811
81,074
86,262
83.276
84,206
12,234
12.178
19,944
19.911
201, 041
255.139
262,132
263,984
264, OSU
3.050
3.151
3.091
2.625
47
73.312
76,91s
73.7U7
1.311
1.365
1,228
966
27
20
>*.335
lit
21
35
16
18
5,262
5.652
5.064
467
506
428
383
1,602
2,176
2.167
2.342
1.729
1.786
1,863
1.659
20
21
1.739
1.758
1.679
1,210
8,040
8,452
8,685
7.074
75.M5
35
80
39
19
Latin
America
Fatherland a
Total
Europe
Canada
98.30?
Tar
laat
10,
0.311
all
other
1 7
Grand
total
392.697
400.673
410,773
11,063
11,414
I
162
158
190
1,026
1,026
1,026
1,038
2,1*99
10
86,075
84,416
83.941
88.690
759
759
759
773
7.812
8.093
8,198
8,129
167
162
158
190
295.85*
298.670
303,662
303.53I
108,212
107.047
4,046
4.045
4.046
4.183
13.980
13,882
95
90
97
88
"*3.373
7.464
7.007
7t
74
82
7.357
7>*
167,283
169,486
168, ?4U
169,428
6.516
6.875
7.526
7.5U6
21
16
96.59**
0.630
10,
2,537
2,865
3.285
1*11,971
96.8U3
102,003
107,111
108,41*0
Contracts for purchaaee
from domestic customers
June
7
June lit
June 21
June 28
TOTAL SALES CONTRACTS:
June 7
June 14
June 21
June 28
Contracts for Bale
to foreign customers:
June 7
June lit
June 21
June 28
Contracts for Bale
to domeatlo customers:
June 7
June lU
June 21
June 28
181,827
185, 21
322
21
323
7.35 *
7.675
7.757
6.793
128
493
517
526
506
18,084
18,109
17,662
17.140
4.186
4,388
4,26s
3.803
12.358
13.097
I2.9O6
11.678
317,040
286.726
282.668
4.678
4,661
U.206
U.201
87,522
91.962
89,608
90,516
3.042
2.974
2,706
2.705
42
4?
124
132
153
132
7.896
7,461
7.129
6.913
2,440
2,648
2.605
2,246
189,591
194,386
197.118
192.152
1.636
1.687
1.500
1.496
56
30
78
uo
369
385
10.188
10.648
10.533
10,227
1.7>*6
190,237
188,669
277.113
286, 3U8
45
160
82
82
42
37U
1
i.lko
1.663
1.557
205,240
210, 606
205.7'»9
327.19,2
326,4511
U3.16?
320.078
118. 75*
9.491
10.095
9.863
8.675
110.557
115.314
112.146
111.229
1*5.387
>*5.795
>*6.953
3.801
3.801
3.802
3. 815
2.867
3,002
3.0U3
3.003
206,483
211,878
214,308
208,849
62.825
63.757
67.37H
71. 801
245
244
244
368
43.290
14.61*5
1"*.903
Net Position in Foreign Currencies of Reporting Banks and Bankers
in the United States for June 1939
(Minus Indicates ahort position:
Position aa of
following datea
In thousands of dollars)
7.H9
1*52.256
1*58.411
1*58,006
276,090
282,770
289.467
288,578
OTHER
MONETARY
-40-
STATISTICS
41
Gold Assets and Liabilities of the Treasury
(In millions of dollars - on basis of dally Treasury statements unrevlsed)
Liabilities
End of calendar
year or month
Stabilization
Fund 2/
Oold In
General Fund
5.27U.0
7.679.5
8,959-6
9,212.3
11,872.8
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
,008.6
U87.U
13.135-5
13.759.3
10.717.1
156.0
156.0
1.800.0
1.800.0
U62.lt
Sept.
Oct..
Nov..
1U.06U.3
lU,3ll.9
U.3U7.S
lit,
11.688.3
11,872.8
1,800.0
1,800.0
1,800.0
760.6
667.6
Dec.
156.0
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
702.5
719.2
675.2
1935
1936
1937
1938
1938-Aug..
1939- J"
3^
Oold Certificates 1/
Gold Reserve
against U. S.
notes, etc. 2J
8,238.
10.122.9
11,257.6
12,760.0
lU, 511.2
193>*
1/
2/
Sold
Assets
511.
10.99>».5
31*1.9
,591-6
b82.U
808. S
682.lt
•
lU, 680.9
Feb..
Max..
1U.87U.3
15.258.2
12,022.3
12.199-1
12,627.0
Apr.
May..
June.
15.790.6
15.956.U
16,110.0
13,176.0
13.398.8
13.595.6
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
658.lt
July.
Aug..
16.237.5
16.6U5.I
13,91*9.8
156.0
156.0
1.800.0
1,800.0
331-7
297-1
1U.391.9
601.6
558-3
In Federal Reserve Banks, etc., gold certificate fund Board of Oorernore, Federal Reserve System, and Redemption fund, Federal Reserve not*
Reserve against $31*6. 681, 01b United States notes and $1,167,122 Treasury notes of 1890 outstanding.
This does not Include gold In the active portion of the Stabilization Fund.
Net Movement of Gold to and from the United States
(In millions of dollars at $35 per fine ounce - as reported by U. S. Department of Commerce)
in
o
o
uS
V
w
uj w
^> **
—I
—
a.
d~
of
o
O^
o
52
-J 0;=
52
Q;=
43
Components of Silver Monetary Stock
(In millions of dollar. - on bail, of dally Trea.urjr statement., reTl.ed)
End of
calendar
year or
month
44
Net Movement of Silver to and from the United States
(la thousands of dollars - as reported by D. S. Department of Commerce)
let Imports from or net exports (-) to:
Calendar Tear
and month
193*
1935
1936
1937
1938
United
Xlngdoa
Other
Burope
36,521
265,133
53.393
34.120
13U.26U
190
2.U57
856
-25
15.396 2/
438
12.147
6.798
10.915
3.906
10.199
7,408
6,786
7.381
-1,228
2.738
611
2.858
U
4.300 1/
988
809
2,600
1.956
-244
-1.250
73
30
608
978
181
173
46
4.310 1/
663
708
742
2.7*7
2.635
1.876
-993
-695
-1.200
46
498
631
11
708
312
277
239
485
372
5*7
2.737
2.635
3.112
-1.243
-1.093
-750
*5
739
491
759
219
8
13
12
263
5*5
899
3.19*
3.225
3.702
-1.250
-U92
38
17
68
582
494
57U
223
321
252
15
17
799
775
1.6U1
1.773
5
11
67
210
516
422
404
361
10.169
15.778
17.075
1939-Jan.
Feb.
Mar.
5.105
4,083
324
20
-4
Apr.
May.
June
1.104
1.017
3.038
19
1*34
31
8
5."ti6
S
Vet Imports from or net exports (-) tot
Calendar year
and month
193*
1935
1936
1937
1938
British
India
-338
188
3.024
China
21.967
227
69.996
5.614
Bong
long
Japan
2.873
6.787
61
1938-Aug.
Sept.
86,174
335.730
170,851
79.835
223,449
117
149
121
166
130
4.584
22.635
171
10,065
250
Apr..
May..
June.
"3
July.
Aug..
-35
86
5.319
Less than $500.
Includes net Import of $12,950,000 from Trance.
figures for July, Sept. and Hot. 1938 Include net Imports from Trance of
Includes net Import of $9,791,000 from Slam.
1/
2/
3/
4/
19
y
70
23.813
24,163
20.189
8.658
7.874
5.284
204
1939-An..
Peb..
Max..
284
3*
118
U8
*33
617
5U
8
Sec.
lata
*$
Total net
Imports or
exports (-)
All
other
Other
381
13U
3.224
342
504
10,808 4/
303
843
2,144
1,271
2.930
3.U6J
150
Oct..
Boy..
Other Latin
America
Peru
1.550
2.920
1.048
968
696
Oct.
Hot.
Sec.
-485
Chile
-3.780
-5.611
-8,951
-7,451
-4,342
15.301
July
Cuba
Mexieo
21.995
58.325
29.925
203
1.715
1938-Aug.
Sept
5
Canada
$1»,
502
146
432
160
134
8
44
588
270
326
217
121
228
25
5.089
6
14!U67
635
155
216
149
158
75
4.891
3.428
301,000, $4,300,000 and $4,301,000 respectlTely.
Seigniorage on Silver
(In millions of dollars - on basis of dally Treasury statements)
CumulatlTO from
Jan. 1, I93U
to end of Calendar year or month
Souroes of Seigniorage on Sllrer Bullion Beralued 1/
Misc. sllrer
Hevly-alned
(lncl. sllrer
sllrer (Proe.
bullion held
sec. a, 1933)
June 14, 1934)
Sllrer Purchase Act
of June 19,
123*
.4
51.1
3 7
I
69.5
48.7
48.7
48.7
U8.7
48.7
16.8
36.O
58.0
226.2
302.7
366.7
457.7
Peb..
Max..
69.9
70.2
70.7
U8.7
48.7
48.7
77A
79-0
468.0
473.1
480.3
Apr..
May..
June.
71.0
71.?
73.U
48.7
48.7
48.7
80.1
81.2
82.9
486.8
493.1
501.6
July.
Aug..
7U.7
76.1
48.7
48.7
84.3
85.O
509.5
51U.7
J.S
193 *1
18.
19351936.
1937.
1938.
46.1
-
1939-Jan..
1/
Seigniorage on
sllrer and
minor coins
7k -9
76.0
atlonallied
sllrer
(Proo. of
Aog. 9. 193 *)
1
28.5
3U.5
3U.7
JM
3U.7
3M
3^.7
3U.7
3*.7
3"»-7
lotal
Seigniorage
on sllrer
revalued
Potential
seigniorage on
sllrer bullion
at cost in
General Pund
128.7
326.2
422.1
508.1
616.O
137.5
276.7
398.4
5»3.9
773-9
627.
633.9
642.7
790.0
809.8
825.1
65O.3
657.7
667.9
844.0
859-7
879.0
677.2
683.I
897..6
914.• 5
these Items represent the difference between the cost ralue and the monetary ralue of sllrer bullion revalued and held to secure ellrer
certificates.
45
Value of Selected Currencies In Terms of Gold
1928 « 100
Monthly arerage of dally quotations
1931-Dec.
1932-Deo.
1933-Dec.
19 31*- Dec.
1935- Dec.
1936-Dec
1937-Dec.
1938-tag..
Sept.
United
States
100
100
6U
United
Kingdom
°9
France
100
100
100
100
100
70
Hetherlands
100
100
100
100
100
80
82
59
59
59
59
07
67
60
60
bO
bl
59
59
59
5«
Ul
Ul
80
59
59
51
Svl nor-
land
101
100
100
100
100
70
71
Belgium
100
100
100
100
72
72
72
72
72
79
Oct.
Hot.
Dec.
59
58
57
57
uo
uo
uo
80
80
80
1939-Jan.
»eb.
Mar.
59
59
59
57
57
57
1(0
SO
UO
uo
79
78
69
69
g
72
72
71
Apr..
May..
June.
99
59
59
57
57
57
Uo
Uo
78
79
78
69
69
72
72
72
July.
teg..
59
59
J
56
5
UO
78
79
P
69
72
72
uo
39
70
69
72
72
72
Japan
87
Italy
46
Ratios of Index of Wholesale Prices
In 39 Countries to Index of Wholesale
Prices In the United States
1935
100
MISCELLANEOUS
-47-
48
Commodities Imported under Quota Provisions During
Quota Periods Other than Calendar Years
(Preliminary flgurss)
White or Irish potatoes
'huA
49
Summary of Criminal Cases in the United States
District Courts
Alcohol Tax. Customs, Narcotics, Secret Service and Internal Revenue 1/
for the month of July I939
INVENTORY 07 CASES
Bureau
-)
1
U.S. Treasury Dept.
Treasury Bulletin
@FedFRASER