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SCHEDULE No. 2-Continued
I. GUARANTEED BY THE UNITED STATES:
1. Commodity Credit Corporation.
Mar. 8, 1938 (52 Stat. 107)
authorized issue CONTINGENT LIABILITIES WITH DEFINITE LIMITATION:
of obligations Commodity Credit Corporation (see 1 above).
$1,400,000,000 Federal Farm Mortgage Corporation (see 2 above).
2,000,000,000 Federal Housing Administration (see 3 above).
12 4, 100,000,000 Home Owners' Loan Corporation (see 4 above)
4,750,000,000 Reconstruction Finance Corporation (see 5 above)
13 6, 387, 052, 250 Tennessee Valley Authority (see 6 and 11 above)
70,072,500 U.S. Housing Authority (see 7 above).
800,000,000 U. S. Maritime Commission (see 8 above).
200,000,000 CONTINGENT LIABILITIES WITHOUT DEFINITE LIMITATION: Reconstruction Finance Corporation (see 5 above):
Purchase of preferred stock, etc., banks and trust companies (authorization in use June 30, 1941, $754,761,798).
For sec. 4, National Housing Act.
Borrowings for loans on cotton (see 9 above). 1 Funds have been deposited with the Treasurer of the United States for payment of outstanding matured principal and interest obligations guaranteed by the U.S. Government.
* Does not include $65,000,000 face amount of second series notes or $75,000,000 face amount of third series notes held by the Treasury and reflected in the public debt in schedule No. 4.
3 Includes $142,200 in matured obligations, together with $245.25 in interest accrued thereon. • Includes $25.600 in matured obligations, together with $351.76 in interest accrued thereon.
Includes $10,396,225 in matured obligations, together with $382,632.84 in interest accrued thereon; excludes $69,450 face amount of bonds in transit for redemption on June 30, 1941. 6 Does not include $19,916,250 face amount of 14-percent notes, series Q-2, due Jan. 1, 1942, held by the Treasury and reflected in the public debt in schedule No. 4.
? Bonds in the face amount of $272,500 issued under sec. 15A and bonds in the face amount of $56,500,000 issued under sec. 15c of the Tennessee Valley Authority Act of 1933, as amended, are held by the Treasury and reflected in the public debt in schedule No. 4.
$ Does not include $85,000,000 face amount of series G held by the Treasury and reflected in the public debt in schedule No. 4.
Offset by cash in designated depository banks amounting to $31,046,208.02, which is secured by the pledge of collateral as provided in the regulations of the Postal Savings System, having a face value of $28,529,500; cash in possession of the System amounting to $68,086,946.07; Government and Government guaranteed securities with a face value of $1,248,569,840; and other assets.
10 Held by Reconstruction Finance Corporation. 11 In actual circulation, exclusive of $8,879,203.36 redemption fund deposited in the Treasury and $277,953,075 of their own Federal Reserve notes held by the issuing banks.
The collateral security for Federal Reserve notes issued consists of $7,108,000,000 in gold certificates and in credits with the Treasurer of the United States payable in gold certificates, and $1,498,000 face amount of commercial paper.
12 May be increased to $5,000,000,000, with the approval of the President, by authority of the act of June 28, 1941. 13 Excluding obligations issued under indefinite authorizations.