Statement of the Public Debt of the United States January 31, 1933 Detail Amount Issued Amount Retiiii

,Y OV THK THBA8UEY STATEMENT OF THE PUBLIC DEBT OF THE UNITED STATES JANUARY 31, 1933 DETAIL AMOUNT ISSUED AMOUNT RETIIII. AMOUNT OUTSTANDING Tnterost-beuriiifr Uobt T^.' 2% Consols of 1930 2% Panama Canal Loan of 1916-36 $646,250. l.in. 00 $46, 520, 100. 00 $599, 724, 050. 00 2% Panama Canal Loan of 1918-38Z""•" 54,631, !Mi. 00 5, 077, 800. 00 48, 954, 180. 00 3% Panama Canal Loan of 1961 """"" 30, 0011, lino. 00 4, 052, 600. 00 25, 947, 400. 00 3% Conversion Bonds of 1946-47" 50,0011,(100 nn 200, 000. 00 49, 800, 000. 00 2U'/c Postal Savings Bonds (5th to 44th"s"ertes)"Z 28, 894, 500. 00 28, 894, 500. 00 First Liberty Loan 52, 697, 440. 00 52, 697, 440. 00 3>i% Bonds of 1932-47...Z " 1, 989, 455, 550. 00 $806, 017, 570. 00 Converted 4% Bonds of 1932-^47 " Z $1, 392, 227, 360. 00 Converted 4%% Bonds of 1932-47" " 5, 002, 450. 00 Second Converted 4yi% Bonds of 1932-47"' 532, 490, 650. 00 Fourth Liberty Loan— 3, 492, 150. 00 1, 933, 212, 600. 00 4%% Bonds of 1933-38 6,964,581,100.00 696, 484, 550. 00 Treasury Bonds— 6, 268, 096, 550. 00 4L//"c Bonds of 1947-52 . 8, 201,309, 150.00 763, 962, 300. 00 4';, Bonds of 1944-54. __ 4, 979, 000. 00 768, 983, 300. 00 3 1,047,088, 500.00 3 4% Bonds of 1946-56 . 10, 254, 000. 00 1, 036,834 , 500. 00 5 494, 898, 100. 00 3 s% Bonds of 1943-47 . 5, 811, 000.00 489, 087, 100. 00 494, 854, 750. 00 v.^ Bond' s of 1940-43 . 40, 719, 550. 00 454, 135, 200. 00 359, 042, 950. 00 ~„ Bone i of 1941-43... 6, 048, 500. 00 352, 994, 450. 00 594, 230, 050. 00 Bonds 49,314,000.00 544, 916, 050. 00 821, 406, 000. 00 5, 500. 00 821, 400, 500. 00 N< 800, 424, 000. 00 c 35, 932, 500. 00 764, 491, 500. 00 5, 222, 842, 000. 00 3 't Se A-1934 . ;s B-1934 ""' " "" 244, 234, 600. 00 244, 234, 600. 00 3<; Series A-1935 _. 345, 292, 600. 00 345, 292,600 . 00 3'^ Series A-1936 110,1,02,800.00 416,602, 800. 00 2Vc Series B-l 936. . 305, 13S, 000.00 365, 138,000 . 00 3',% Series A-1937 360, 533, 200. 00 360, 533,200 . 00 3% Series B-1937 S34,-101, 500.00 S34, 401,500 . 00 5()S, 32S, 000. 00 4<"c CIVIL SERVICE RETIREMENT FIND— " 508,328 900. 00 Series 1933 to 1937 __ 221, S00, 000. 00 2, 200, 000. 00 C 4 'C FOREIGN SERVICE RETIREMENT FUND- 2, 586, 000. 00 476, 000. 00 Series 1933 to 1937 "... 2, 110,000.00 4rc CANAL ZONE RETIREMENT FIND— 2, 143, 000. 00 10, 000. 00 2, 133, 000. 00 Series 1936 anEBTEDNESSd 1937 : 3, 298, 374, 600. 00 334% Series TM-1933 2^- First Series maturing Alar. 15, 1933 660, 715, 500. 00 660, 715, 500. 00 34, 959, 550. 00 33, 594, 500. 00 l'.'~c Series TJ-1933 r 373, 856, 500. 00 373, S56, 500. 00 H4 i Scries TS-1933 . hTc Series TD 1933 ZZZZZZZ 451, 447, 000. 00 451, 447, 000. 00 254, 364, 500. 00 LOAN— 254, 364, 500. 00 1,773,978,000.00 3'*% Series A-1933 144, 372, 000. 00 •-"""c Series B-1933 ZZZZZZ 239,197, 000. 00 SPECIAL— 383, 509, 000. 00 4t" ADJUSTED SERVICE CERTIFICATE FUND—Series 1934 c 129,900,000.00 127, 300, 000. 00 1'KEA>UHY BILLS (maturity value): 2, 284, 847, 000. 00 Series maturing Feb. 8, 1933 75, 056, 000. 00 056, 000. 00 Series maturing Feb. 15, 1933 . __ Z _. 75, 480, 000. 00 4S0, 000. 00 Series maturing Feb. 23, 1933 "" 60, 000, 000. 00 000, 000. 00 Series maturing Mar. 1, 1933 Z.Z 100, 000, 000. 00 000, 000. 00 Seres maturing Mar. 29, 1933 100, 039, 000. 00 039, 000. 00 Series maturing Apr. 12, 1933 Z 75, 090, 000. 00 090, 000. 00 Serie- maturing Apr. 19, 1933 75, 032, 000. 00 032, 000. 00 Series maturing Apr. 26, 1933 ZZZ 80, 020, 000. 00 020, 000. 00 640,717, 000. 00 Total interest-bearing debt outstanding- 20, 454,107, 920. 00 Matured debt on which. Interest has ceased „,. ... , , . (Payable on presentation) Old debt matured—issued prior to Apr. 1, 1917 1, 617, 050. 26 4% Second Liberty Loan of 1927-42 _ __ _ ZZ _Z 788, 550. 00 4)4% Second Libertv Loan of 1927-42 """ " ------1, 991, 650. 00 4%% Third Libertv Loan of 1928.. ""Z ~~Z "ZZZ 4, 427, 550. 00 3%% Victorv Notes of 1922-23 _ _ ZZ Z _"" 19, 150. 00 4%% Victory Notes of 1922-23 Z.ZZZZZ —ZZZZZ.ZZZ 1, 020, 750. 00 Treasury Notes, at various interest rates ZZ.ZZZZZZZZZZZZZZZZZZZZZZZ 12, 772, 200. 00 Certificates of Indebtedness, at various interest rates _ _ Z 21, 483, 400. 00 Treasury Bills ZZ_Z"Z"ZZ "" ZZZZ 9, 844, 000. 00 Treasury SavingTotals outstandin Certificategs matured debt on ZZZZZZZ..Z..ZZZZZwhich interest hasZ ceased ZZZZZZZZZZZ. Z 658, 150. 00 54, 622, 450. 26 Debt bearing no interest (Payable on presentation) Obligations required to be reissued vhen redeemed: L'nited -States Notes Less: Gold Reserve 190, 641, 927. 97 Obligations that will be retired on presentation: Old demand notes =. 53, 012. 50 National bank notes and Federal Reserve baDk notes assumed by the United States on deposit of lawful money for their retirement. 96, 945, 449. 50 Fractional currency 1,987,286.85 Thrift and Treasury Savings Stamps, unclassified sales, etc 3, 348, 543. 93 Total outstanding debt bearing no interest- 292, 976,220. 75

Total gross debt0 20, 801, 706, 591. 01 Matured interest obligations, etc.: Matured interest obligations outstanding 28,122, 083. 40 Discount accrued on Treasury (War) Savings Certificates, matured series- 4, 254, 335. 00 Settlement warrant checks outstanding 2, 028, 907. 12 Disbursing Officers' checks outstanding 84, 548, 675. 81 118, 954, 001. 33

20, 920, 660, 592. 34 Balance held by the Treasurer of the U. S. as per daily Treasury Statement for January 31, 1933. 327, 482, 802. 87 Deduct: Net excess of disbursements over receipts in reports subsequently received 8, 814, 942. 43 318, 667,860. 44

Net debt, including matured interest obligations, etc.'1 ~JL"_-JLI— -^^j0i_6^,_992,_73L90_ "~ , etc., was $543.00. DETAIL OF OUTSTANDING INTEREST-BEARING ISSUES AS SHOWN ABOVE, JANUARY 31, 1933

AUTHORIZING ACT REDEEMABLE INTEREST PAYABLE

Interest-bearing debt BONDS: Consols of 1930 M 14, 1900 2% Apr. 1 1900 Redeemable after Apr. 1, 1930. Jan. 1, Apr. 1, July 1, Oct. 1. /Redeemable after Aim. 1, 1916. Panama Canal loan of 191f>-30 June 28, 1902, and Dec. 21,1905. 2% Aug. 1, 1906 [Feb. 1, May 1, Aug. 1, Nov. 1. tPavable Aug. 1, 1930 Panama Canal loan of 1918-38. _j do 2% Nov. 1, 1908 / Redeemable after Nov. 1, 1918- \ Do. \ Payable Nov. 1, 193K Panama Canal loan of 1901 Aim. .1, 1909, Feb. 4, 1910, and 3% Juncl, 1911 Mar. 1, June 1, Sept. 1, Dec. 1. Payable June 1, 1961 Mnr. " Pavable 30 vcars from date of issue Jan. 1, Apr. 1, July 1, Oct. 1. (.'onversion bonds 3% Jan. 1, 1916-17 f Redeemable on and after 1 year from Postal Savings Bonds (5th to June 25, 1910. 2/2% Jan. 1, July 1, 1913- >Jan. 1, July 1. 44th Series). 33. able 20 years from date of issue.— First Libertv Loan— deniable on or after June 15, 1932. June 15, 1917.. ljune 15, Dec. 15. 3)4% Bonds of 1932-47 Apr. 24, 1917 zy,% able June 15, 1947 - Conv. 4% Bonds of 1932- Apr. 24, 1917, Sept. 24, 1917 4% Nov. 15, 1917.. 47. Conv. 4i% Bonds of 1943-47 do.. 3'A% June 15, 1927 — - l!i di ein.ible on and after June 15, 1940Z \ Do. 3M% Bonds of 1940-43 do. 3%% July 16, 1928.— 1'iiMible .lone 15, 1947 Redeemable on and after June 15, "iri'iiZUlar. 15, Sept. 15. Mar. 16, 1931-— 3y>% Bonds of 1941-43 1 do 3')i% PiiMible June 15, 1943 1946". Redeemable on and after Mar. 15, jjune 15, Dec. 15. 3%% Bonds of 1946-49. 3K% June 15, 1931-.. Payable Mar. 15, 1943 195lZ JMar. 15, Sept. 15. - 3% Bonds of 1951-55-- .do. 3% Sept. 15, 1931.-- Redeemable on and after June 15, ravable.Tune 15, 1949.... TREASURY NOTES: Ni Ma Mav 2, 1932 RedeemablPinahl Mae vo n2 ,an 193d afte4 r Sept. 15, Series A-1931 3% Feb. 1, Aug. 1. Aug. 1, 1932.. Pavabl1'ayable Sept. 151,, 19319545 Series B-l931. .. 2tf% June 15, Dec. 15. June 15, 1932.- • 15, 193.1 Series A-1935 3% Feb. 1. Aug. 1. Aug. 1, 1932 _-- 1, 1936 Series A-1936 3'A% Dee. 15, 1932. 15, 1936 Series B-l 936 2%% Sept. 15, 1932.. . 15, 1937 Series A-1937 3%% Oct. 15, 1932 15, 1937 Series B-1937 3% after 1 year from Various dates from CIVIL SERVICE RETIREMENT do. 4% 4 to 5 years from FIND—Scries 1933 to 1937. ; June 30, 1928. FOREIGN SERVICE RETIREMENT ; do. 4% FUND- Series 1933 to 1937. | 4% Various dates from C\NAI. /.ONE RETIREMENT' do. 1 Aug. 6, 1931. FTNU—Series 1936 and 1937. ! MITIFIOATES OF INDEBTEDNESS: Sept. 15, Ma 3%% vablc Mar. 15, 1933 - TAX— f Redeemable on 00 days' advance notn Do. Series TM-1933 — 2% \ Payable on Mar 15, 1933 . 15, June 15. 2',' First Scries, maturing Mi 0 do. i'A% June 15, 1932-. Payable June 15, 1933.. --- • 15, Sept. 15. 15, 1938. do. Sept. 15, 1932. Payable Sept. 15, 1933 --- c 15, Dec. 15. Series TJ-1933 VA% do -- Dec. 15, 1932.. Payable Dee. 15, 1933 Series TS-19:« «% Feb. 1, 1932.- Payable Feb. 1, 1933. Series TD-1933... ..do 1933. do. 3YA% May 2, 1932— Payable Ma - " ' "°'> LOAN— 2% /Rcdecmable on dcmai Series A-1933.. ! 4% Jan. 1, 1933.. \PayabIo Jan. 1, 1931. An.irsTESeries B-193D SERVIC3 E CERTIFICATE>\. . ... S FUND—Series 1934. Feb. 8, 1933. SAKORY BILLS: . 217%i Nov. 9. 1932.. al.le Feb. 8, 1933 .. Feb. 15, 1933. Series maturing Feb. 8, 1933 "no%! N'ov. 16. 1932. able Feb. 15. 1933 . Feb. 23, 1933. Scries maturing Feb. 16, 1933... liis'"' \"ov. 23, 1932. able Feb. 23, 1933.. Mar. 1, 1933. Series maturing FebMar.. 23 1, 1933..1933.. . 134', Vov. 3(1, 1932. able Mnr. I, 1933 . Mar. 29, 1933. •big Mar. 29, 1933.. . uSSVi Dec. 2S, 1932. able Mnr. 29. 1933 Apr. 12, 1933. ing Apr. 12, 1933... 204% Jan. 1 I. 1933.. able Apr. 12. 1933.. Apr. 19, 1933. ring Apr. 19, 11)33..- iib'. Jan. 1^. 1933.. able Apr. 19. 1933.. ring Apr. 20, 1933... able Apr. 26, 1933 . Apr. 21.. 1933. of Securing Owned by Uni SECURITIES OWNED BY THE UNITED STATES GOVERNMENT COMPILED FROM LATEST REPORTS RECEIVED BY THE TREASURY JANUARY 31, 1933

FOREIGN OBLIGATIONS: FUNDED BONDS—

Austria Principal amount held Belgium $23,752,217.00 Estonia 400,680,000.00 Finland """ 16,466,012.87 France _ - 8,546,000.00 Great Britain " - 3, 863, 650, 000. 00 Greece -- 4, 368, 000, 000. 00 Hungary 31,516,000. 00 Italy 1,908,560. 00 Latvia 2,004,900,000.00 Lithuania — -- 6,879,464.20 Poland 6, 197, 682. 00 Rumania" _ 206,057,000.00 Serbs, Croats, and Slovenes... 63,860,560.43 UNFUNDED OBLIGATIONS'— $11,064 038 496 50 ^CiShStov^Lu™' MADE UNDER AUTH0RITT 0F AcTS 0F CONGRESS APPROVED APRIL 24, 1917, AND SEPTEMBER 24, 1917, AS AMENDED: 249, 703, 791. 10 F°191RussiS8™AaP ND JZEB5".".ZZZS1920?Z 8 8°LD °N CnEDIT BT SECRETARY OF WAR UNDER AUTHOR.TY OF ACTS OF CONGRESS APPROVED JULY 9, $61,974,041. 10 Czechoslovakia" 187, 729, 750. 00 Nicaragua $20, 604, 302. 49 Russia 290, 627. 99 40g^ og2 ^ 21,301,012.78 F°FERRUAR"YS25r,,,!'9E89:SO,'D °N C"DIT " AMERICAN REL,EF ADM.NISTRAT.ON UNDER AUTHORITY OF ACT OF CONGRESS APPROVED Armenia Czechoslovakia-.. $8,028,412. 15 Russia 6,428,089. 19 18, 921, 966. 41 ^ 4g5^ 4g5 Q7 FOMrRCLHE30?T920:E3 8°LD ™ CRED" " VtmK° ^^ ^^ CoRPORATI°N ™DER AUTHORITY OF ACT OF CONGRESS APPROVED Armenia Czechoslovakia' "" $3, 931, 505. 34 2,873,238. 25 6, 804, 743. 59 GERMAN BONDS— $11, 360, 770, 010. 38 FOR ACCOUNT OF REIMBURSEMENTS OF THE COSTS OF THE UNITED STATPB Ann, n» nnnnv.mn*, .*,„ „.,.„ ~ «« ^ „ UNDER THE FUNDING AGREEMENT OF JUNE 23, 1930™ A^HORIZED^RT tHE AE OF" C^oZsZ^OyE7^TlllS i^™ MIT^CZLZ^ Arm FcostsHEPDEP0S E OFTHI S 3TATEMENT ARE CONVERTED AT 23.82 CENTS TO THE REICHSMARK): REICHSMARKS, M™edCcTaims"^"Z.":."."-V-"."-"."."; R"M "9"nin"nnn-non- RM' 997'500,00° $237'604' 50°-00 Private awards (estimated).—ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ 1, Its, Z 000 Government awards (estimated). 625, 000, 000 148, 875, 000. 00

R.M. 1,622,500,000 386>m , 500. 00 Total foreign obligations „ _ ^ $11,747,249,510.38 CAPITAL STOCK OF WAR EMERGENCY CORPORATIONS: Capital Stock of the Emergency Fleet Corporation _ ..n nnn -.„ „„ Less cash deposited with the Treasurer of the United States to thVrJredit"oTtZbZe CcTrpoVationIZ Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z 2l! 978, 457. 55 Capital Stock of the United States Housing Corporation, issued «-n nnn nnn nn 28, °21, 642- 45

Less amount retired plus cash deposits covered into Treasury under ActVp"pfoVedj"uly"Il,"i919lIZZZZZZZZZZZZZZZZZZZZZZ 43i 603, 299! 11 Capital Stock of the United States Spruce Production Corporation ~ 26' 396, 700. 89 "" 99,993.00 WAR FINANCE CORPORATION (IN LIQUIDATION) : Capital stock outstanding Offset by cash on deposit with Treasurer" orUnfted" States"^ \\% Z 41 RECONSTRUCTION FINANCE CORPORATION: '

3$% Notes Series" A,"due Apru"307i933ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ $895,' 000,' 000.' 00 Less cash deposited with the Treasurer of the United States to the credit of the corporation '• 3g|| 407' 34°' ^

EQUIPMENT TRUST 6 PERCENT GOLD NOTES, ACQUIRED BY DIRECTOR GENERAL OF RAILROADS PURSUANT TO FEDERAL CONTROL ACT OF MARCH 21 1Q18 1, 356, 592, 653. 18 AS AMENDED, AND ACT APPROVED NOVEMBER 19, 1919, TO PROVIDE FOR THE REIMBURSEMENT OF THE UNITEDTSTATES FOR M^^POWER CARS AND OTHER EQUIPMENT ORDERED FOR CARRIERS UNDER FEDERAL CONTROL: MOTIVE POWER, CARS, AND Minneapolis & St. Louis Railroad Co OBLIGATIONS OF CARRIERS ACQUIRED PURSUANT TO SECTION 207 OF THE TRANSPORTATION ACT, APPROVED FEB. 28, 1920, AS AMENDED- Chicago, Milwaukee St. Paul & Pacific R.R. Co... $3, 207, 000. 00 Washington, Brandywine & Point Lookout S Kansas, Oklahoma & Gulf Railway Co 212,500.00 road Co ««, nnn nn Minneapolis & St. Louis Railroad Co 1, 250, 000. 00 Waterloo, Cedar Falls'* Northera'Raifway Co"""" 500 000 00 Total. 5, 219, 500. 00 OBLIGATIONS OF CARRIERS ACQUIRED PURSUANT TO SECTION 210 OF THE TRANSPORTATION ACT, APPROVED FEB. 28, 1920, AS AMENDED- Alabama, Tennessee 4 Northern Railroad Corpo- National Railway Service Corporation ' $1 665 480 62 ration ... $151, 500. 00 Salt Lake & Utah Railroad Co. ZZZZZZZZZZZ 872 600 00 Aransas Harbor Terminal Railway 44,304.67 Seaboard Air Line Railway Co 14 443 887 84 Charles City Western Railway Co.. 140,000.00 Seaboard Bay Line Co...... "" 1256 000 00 Chicago & Western Indiana Railroad Co 6,169,000.00 Shearwood Railway Co ' 7500 00 Des Moines & Central Iowa Railroad, formerly the Toledo, St. Louis & Wes"t"e"rn""R"a"i"lr"o"a"d"c"J.Z RiceTver ' ' Inter-Urban Railway Co 633,500.00 of 186 000 00 Fermvood, Columbia 4 Gulf Railroad Co. _ ... 16, 000. 00 Virginia Blue Ridge Ra"u"wa"y"Co"."."."_"ZZZZZZZZZZZZ 106,' 000' 00 Fort Dodge Des Moines & Southern Railroad Co-. 200,000.00 Virginia Southern RaUroad Co- 38 000 00 Gainesville 4 Northwestern Railroad Co 75,000.00 Waterloo, Cedar Falls & Northern Railway Co. .. 1, 260,' 000' 00 Georgia & Florida Railway, Receivers of 792.000.00 Wichita Northwestern Railway Co 381750 00 Minneapolis 4 St. Louis Railroad Co 1, 382, 000. 00 Wilmington, Brunswick & Southern Railroad CoZ" 90' 000' 00 Missouri & North Arkansas Railway Co 3,500,000.00 Total ' ""- --- 33,410,523. 13 CAPITAL STOCK OF THE PANAMA RAILROAD Co __ 7 000 000 00 CAPITAL STOCK OF THE INLAND WATERWAYS CORPORATION (acquired pursuant "to the Act approved"june~3","l924,"as"a"meZi^ 12,' 000,' 000! 00 CAPITAL STOCK OF THE FEDERAL LAND BANKS (ON BASIS OF PURCHASES, LESS REPAYMENTS TO DATE)- SpringfieldTotal, Mas. s $32,853.75 Berkeley, Calif $si 420.50 CAPITAL STOCK OF FEDERAL LAND BANKS, ACT OF JAN. 23, 1932: Springfield, Mass $6,654,765.00 St. Paul, Minn... $19 102 905 00 Baltimore, Md 6,728,670.00 Omaha, Nebr . 9 652'075 00 Columbia,S.C 13,188,275.00 Wichita, Kans 7'134'160 00 Louisville, Ky 8,210,125.00 Houston, Tex _ 9'475'595 00 New Orleans, La 12,878,415.00 Berkeley, Calif _ _ 7 211175 00 St. Louis, Mo 9,637,620.00 Spokane, Wash _ 14 883 675 00 Total 124,757,455.00 CAPITAL STOCK OF FEDERAL HOME LOAN BANKS, ACT OF JULY 22, 1932: Cambridge, Mass $100,000.00 Little Rock, Ark $900 000 00 Winston-Salem, N.C 100,000.00 Topeka, Kans 100 000 00 Indianapolis, Ind 300,000.00 Portland, Oreg... _ 10 000 00 Evanston, 111 300,000.00 Los Angeles, Calif .. 110 000.00 Des Moines, Iowa 600,000.00 Total __- $2,520,000.00 CAPITAL STOCK OP FEDERAL INTERMEDIATE CREDIT BANKS ACQUIRED PURSUANT TO THE "AGRICULTURAL CREDITS ACT OF 1923," APPROVED MARCH 4, 1923: Springfield. Mass $2,000,000.00 St. Paul, Minn $2,000,000.00 Baltimore, Md 2,000,000.00 Omnha, Nebr 2,000,000.00 Columbia, S.C.. 5,000,000. 00 Wichita, Kans 2,000,000.00 Louisville, Ky 2,000,000. 00 Houston, Tex__ 3, 000,000. 00 New Orleans, La 2, 000, 000. 00 Berkeley, Calif -.. 5,000,000. 00 St. Louis, Mo 2, 000,000. 00 Spokane, Wash 3, 000, 000. 00 Total 32, 000, OOtt 00

NOTES RECEIVED BY THE FEDERAL FARM BOARD EVIDENCING OUTSTANDING ADVANCES MADE FROM THE REVOLVING FUND CREATED BY THE AGRICULTURAL MARKETING ACT - -- 456,548,182.48 SECURITIES RECEIVED BY THE SECRETARY OF WAR ON ACCOUNT OF SALES OF SUHPLUS WAR SUPPLIES 828,000.00 SECURITIES RECEIVED BY THE SECRETARY OF THE NAVY ON ACCOUNT OF SALES OF SURPLUS PROPERTY 4,924,381.40 SECURITIES RECEIVED BY THE UNITED STATES SHIPPING BOARD ON ACCOUNT OF SALES OF SHIPS, ETC __ 153,755,730.43 Grand total -.. $13,991,539,246.59

MEMORANDUM

AMOUNT DUE THE UNITED STATES FROM THE CENTRAL BRANCH OF THE UNION PACIFIC RAILROAD ON ACCOUNT OF BONDS ISSUED (PACIFIC RAILROAD AID BONDS, ACTS APPROVED JULY 1, 1K02, JULY 2, 1864, AND MAY 7, 1878): Principal. $1, 600,000. 00 Interest 1,743, 907. 9S Total - - $3,343,907.98

NOTE.—This statement is made up on the basis of the face value of the securities therein described as received by the United States, with duo allowance for repayments. To the extent that the securities are not held in the custody of the Treasury, the statement is made up from reports received from other Government departments and establishments. • Original amount ($66,560,560.43) included bonds aggregating $21,970,560.43 representing interest accruing and remaining unpaid during first 14 years, payment of which, under the funding Agreement, is extended over the last IS years. * The futures do not include interest accrued and unpaid. • Ind"bi.-td u " of Czechoslovakia has been funded under the agreement of October 13, 1925, but the original obligations have not been exchanged for the new bonds of that Government * Division of German bonds between private awards and Government awards is an estimate based upon best information available at this time. Then Mixed Claims Com mission has completed its duties, a more accurate division may be made. Awards generally bear interest at 5 percent per annum. Bonds do not bear"intcrest, but the aggregate face amount thereof will bo sufficient to cover payment of the principal and interest due on the total awards finally entered by the Mixed Claims Commission. Bonds for private awards are held in trust, the proceeds thereof when received at maturity to be distributed by the Treasury to the claimants. Bonds mature on March 31 and September 30 of each year in the principal amount of R.M. 20,400,000 each. No payments are to be made on Government awards until all private awards are paid in full.