PAPERS ACCOMPANYING THE REPORT OF SECRETARY OF THE TREASURY. REPORT OF THE TREASURER OF THE UNITED STATES. TREASURY OF THE UNITED STATES, Washington, D. C., December 1, 1886. SIR: The operations of the Treasury of the United States for the fiscal year ending June 30, 1886, and its condition on that and subsequent dates, will be found in the following report, which I have the honor to respectfully submit: RECEIPTS AND EXPENDITURES. The net receipts of the Government were $336,439,727.06; the net expenditures were $242,483,138.50. The receipts were $12,749,020.68 greater, and the expenditures were $17,743,796.61 less than last year, making an increase in the net receipts for the past fiscal year over that of 1885 of $30,492,817.29. The excess of revenue over expenditures was $93,956,588.56. The following statement contains the details: The receipts on account of the Post-Office Department, not included in the above statement, amounted to $52,997,135.26, an increase of $5,687,399.91 over those of the preceding year; the expenditures increased from $50,326,314.50, in 1885, to $50,682,585.72, in 1886, or $356,271.22. Of the amounts received and expended $26,403,249.62 did not actually pass trough the Treasury, having been received and disbursed by postmasters. SUMMARY OF OPERATIONS. Bonds of the United States amounting to $44,531,350 were redeemed and applied to the sinking-fund. Coupons from bonds of the United States amounting to $7,557,412.79 were paid by the several assistant treasurers and forwarded to this office, where they were examined. Interest amounting to $42,498,687.92 on registered bonds of the United States, including bonds issued to the various Pacific Railroad companies, was paid by checks on the Treasury and assistant treasurers, amounting to 236,039 in number. There were also issued 36,930 drafts in payment of warrants of the Secretary of the Treasury, 72,998 drafts on warrants of the PostmasterGeneral, and 24,539 transfer checks on assistant treasurers, making a total of 370,506 drafts and checks issued by the office during the fiscal year. There were received for redemption during the year circulating notes of national banks amounting to $130,296,606, which amount included $29,557,588 of notes of failed, liquidating, and reducing banks. Coupons from 3.65 per cent. bonds of the District of Columbia amounting to $105,441.19 were paid and examined, and registered interest amounting to $416,448.90 was paid by means of checks. Of bonds held by the Treasurer of the United States in trust for national banks $61,042,400 were withdrawn, of which amount $56,925,300 was held to secure circulation, and $4,117,100 was held as security for deposits of public moneys. The bonds deposited to replace those withdrawn on account of circulation amounted to $20,754,900, and on account of deposits to $6,170,000, making a total decrease of $34,117,500 in the bonds held by the Treas urer for national banks. The total movement of bonds held for national banks was $87,967,300. The amount paid by national banks during the fiscal year on account of semi-annual duty on their circulation, was $2,592,021.33, a decrease of $202,562.68 from the amount paid on that account the preceding year. Worn and mutilated United States notes amounting to $63,000,000 were forwarded to the Treasury for redemption during the year, and new notes to a like amount were issued in place thereof. The issue of silver certificates during the year amounted to $4,600,000 and $28,523,971 were redeemed. Gold certificates amounting to $10,188,895 were redeemed during the fiscal year. The amount to the credit of disbursing officers of the Government on the books of the Treasury at the close of the year was $17,947,107.64, of which $15,331,354.53 was on deposit in the Treasury and $2,615,753.11 in the national-bank depositories. The unavailable funds of the Treasury June 30, 1886, were $29,521,379.35, a decrease of $3,916.39 from last year. THE STATE OF THE TREASURY. The condition of the Treasury on September 30, 1886, as compared with that on September 30, 1885, is shown by the following tables. In the Appendix, page 102, will be found a table changing the form of the Public Debt Statement used prior to 1885 to the present mode, from the year 1878 to June 30, 1886. |