and showed a net increase of $52,380,900 at its close, as compared with the same period twelve months earlier.

The transactions in this account are recorded in the statement following:

This statement does not include $280,000 in gold certificates that had been issued but not reported in time to be included in the public debt statement for June. .

The revised figures at the close of the fiscal year were:

[Held for the redemption of the notes and certificates for which they are respectively pledged.]

The available cash balance in the general fund of the Treasury at the close of the fiscal year 1906 was $180,689,354.82, an increase of $35,211,862.93 as compared with that of a year earlier.

The changes in the cash items were:

The state of the general fund June 30, 1905 and 1906, and October 1, 1906, may be studied in the annexed table:

The available cash balance (including the gold reserve) at the close of the last fiscal year was $330,689,354.82. These figures have been exceeded in previous years, and noticeably so on September 30, 1903, when the balance attained a maximum at $389,417,184.22.

The amount of the balance in the Treasury at the end of each month from January, 1902, will be found in Table No. 31, page 183: and for July 1, in each year since 1896, in the following table:

AVAILABLE CASH BALANCE (INCLUDING THE RESERVE FUND), FROM THE REVISED STATEMENTS, ON THE DATES NAMED.

The Treasury holdings of gold continues to attract the attention of financiers both at home and abroad, and from the new record made each year it is evident that a large share of the worlds' product of the precious metal comes to the United States. The amount of gold held in the Treasury at the close of the fiscal year 1906, was $807,051,690.30.

By October 15, 1906, the gold in the Treasury had taken on a growth of $64,842,209.47, and attained a maximum at $871,893,899.77. The Treasury holdings of gold on July 1 in each year from 1897, set apart for the respective uses, was as here stated:

There were 470 new national banks organized during the fiscal year 1906, at the close of which, the Treasurer held as security for the circulating notes of national banks $520,605,210 in United States bonds, an increase of $52,538,270 as compared with the holdings at the close of the fiscal year 1905. The bonds pledged to secure deposits of public funds showed an increase of $15,170,775.

1

The amount of each kind of bonds held is stated in the table following

BONDS HELD FOR NATIONAL BANKS, CLOSE OF JUNE 30, 1904, 1905, AND 1906 AND SEPTEMBER 30, 1906, AND CHANGES DURING 1906.

Total..

TO SECURE DEPOSITS.

Consols of 1930.

Loan of 1908-1918.
Funded loan of 1907
Loan of 1925..

Panama Canal loan.

P. ct.

2

$408, 163, 650 $447, 693, 450

3

$98,967,850 $49, 537, 950 $497, 123, 350 $490, 611,750

1,815, 440

3,374, 440

3,936, 920

4,215,500,

12,907, 550

1,822, 100

4,091, 500

19,961, 500
2,251,500,

4,761, 200 16,393,850 1,886, 500

2,550, 160

16, 475, 200

4, 456, 500

23442·

2,526, 340 21,545,750

3,746, 100 12, 384, 080

416,016, 690 468, 066, 940 125, 117, 770 72, 579,500 520, 605, 210 530,814, 020

Loan of 1904.

5

100,000

100,000

District of Columbia.

3.65

895,000

650,000

30,000

Philippine loans..

640,000

4

5,270,000

4,361,000

7,736,000

4,547,000

7,550,000

Territory of Hawaii... Vari

1,072, 000

942,000

729,000

193,000

1,478,000

1,526,000

BONDS HELD BY THE ASSISTANT TREASURER OF THE UNITED STATES AT NEW

BONDS HELD BY THE ASSISTANT TREASURER OF THE UNITED STATES AT BOSTON.

P. ct.

State, city, and rail- Variroad

ous.

$1,200,000 $1,200,000

BONDS HELD BY THE ASSISTANT TREASURER OF THE UNITED STATES AT SAN FRANCISCO.

$119,983, 550 $80, 404,950 128, 047, 025 $112, 876, 250 95, 575, 725 143, 855, 825

NATIONAL BANKS DESIGNATED AS DEPOSITARIES OF THE UNITED

STATES.

Public moneys to the amount of $90,443,923.66 were held by national banks at the close of the fiscal year 1906.

The number of depositaries in each State and Territory, and the amount of bonds deposited, may be studied in the annexed table:

CLASSIFICATION OF DEPOSITARIES, BY STATES, AND AMOUNT OF BONDS DEPOSITED.

State and municipal bonds, and obligations available as security to savings banks are included in the amounts enumerated in the foregoing table. The amount of each kind is given in the table on page 115.

PUBLIC DEPOSITS IN NATIONAL BANKS.

At the close of the fiscal year 1905 the balance of public moneys in national banks to the credit of the Treasurer of the United States was $65,084,246.87, against which there was an unpaid call for $14,659,500, issued by the Secretary of the Treasury April 7, 1905, payable July 15, 1905. Upon the payment of the call the balance in banks was reduced by the end of July to $52,944,109.68 and remained practically at that figure until the end of February, 1906, when the Secretary of the Treasury made the following announcement:

In the month of February, just closed, the Treasury Department locked up about $10,000,000-four and one-half millions by excess of Government receipts over expenditures and five millions by excess of deposits of lawful money for redemption of national bank circulation over and above the actual redemption. For this reason the Secretary of the Treasury will at once deposit $10,000,000 of public funds in existing depositary banks. These deposits will be made entirely in important centers, and will be temporary only; depositary banks receiving them will be called upon to return the same on or about July 10.