Bulletin of the Treasury Department, November 1944

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Excerpt from Bulletin of the Treasury Department, November 1944: Analysis of Receipts and Expenditures, Composition of the Public Debt, Prices and Yields of Government Securities, Other Treasury Statistics United States Government securities (includ ing guaranteed securities) accounted for billions of the total increase in assets of billions during the four and one-half year pe ried. Holdings of such securities in December 1939 amounted to 319$ billions or 25% of total assets, but by the end of June had increased to billions or 55% of total assets. Total loans and discounts rose from 822% billions to billions from December 1939 through June an increase of billions. In relation to total assets, however, loans and discounts declined from 29% to 18% during the period. Bank holdings of State and local, corpo rate, and other securities showed a steady de cline from $9.u billions in December 1939 to billions in June igun. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.