Reconstruction Finance Corporation, after deduction of $3,255,000,000 face amount of notes and accrued interest thereon, held by U. S. Treasury and reflected in the public debt in part I of this schedule (see 5 above). Tennessee Valley Authority (see 8 above)............... Maximum authorized issue of obligations $2, 000, 000, 000 3, 000, 000, 000 2, 170, 000, 000 50,000,000 CONTINGENT LIABILITIES WITHOUT DEFINITE LIMITATION: Federal Housing Administration (see 2 above). Reconstruction Finance Corporation (see 5 above): Purchase of preferred stock, etc., banks and trust companies. For sec. 5, Agricultural Adjustment Act. For sec. 4, National Housing Act. Secretary of Agriculture: Borrowings for loans on cotton (see 6 above). 1 After deducting amounts of funds deposited with the Treasury to meet interest payments. * Interest on $331,100,000 face amount of bonds. * Includes $281,746 which represents interest on $611,733,825 face amount of bonds, which are exchangeable until Oct. 27, 1934, for 3-percent bonds guaranteed as to principal and interest. ♦ In addition to $3,255,000,000 face amount of notes and accrued interest thereon, held by Treasury and reflected in the public debt in part I of this schedule. Funds borrowed by Secretary of Agriculture pursuant to sec. 4 of the act of May 12, 1933, upon cotton in his possession or control, for which the warehouse receipts for such cotton have been pledged as collateral. • Offset by cash in designated depository banks and accrued interest amounting to $695,281,038.03 which is secured by the pledge of collateral as provided in the regulations of the Postal Savings System having a face value of $738,868,235.37; cash in possession of System amounting to $73,545,890.59, and Government securities with a face value of $450,025,710 held as investments, and other assets. 7 Exclusive of $25,722,722 redemption fund deposited in the Treasury. Federal Reserve notes issued are secured by gold certificates in the amount of $3,041,656,000, U. S. Government securities of a face value of $322,000,000 and commercial paper of a face amount of $13,407,000. |