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The balance of payments of the United States / by Lord Keynes
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1946] THE BALANCE OF PAYMENTS OP THE UNITED STATES 5

Table IV

Short-term foreign liabilities reportedby Banks in U.S.

$ million.

End of December 1938 .

1,997

1939 .

3,057

1940 .

3,785

1941 .

3,482

1942 .

3,987

1943 .

5,154

1944 .

5,209

End of October 1945 .

. 6,397

Of the amounts outstanding on Oct. 31, 1945, $3,748 million representedofficial balances and $2,649 million other balances.

Notes.(1) Other capital movements in tho period December 1941 to October1945 were comparatively small and partly equalising in effect, as follows :

(i) Decrease in U.S. banking funds abroad . . . $84 million.

(ii) Return of U.S. funds in foreign securities . . . 150

(iii) Inflow of foreign funds invested in securities . . 168

(iv) Inflow of brokerage balances . . . . 33

(2) Source : Federal Reserve Bulletin.

Table V

Analysis by Countries of short-term Foreign Liabilities reported byBanks in U.S.A. at Oct. 31, 1945

$ million.

740 360228284196183213341

- 2,545

1,552

1791451647783649040248- 1,098

592104312

- 1,008

194

6,397

A T o<e.Source : Federal Reserve Bulletin.

I. Europe U.K.FrancoNetherlandsSwitzerlandBelgiumNorway Sweden

Other European .

II. Canada .

III. Latin America

Brazil Cuba

Mexico .Argentine .Colombia .Panama ...Chile

Venezuela . . .Other Latin America .

IV. Asia

China

Netherlands East IndiesOther .

V. All other Countries .

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