FOREIGN ECONOMIC AND COMMERCIAL POLICY                    813

                               Table III
ESTIMATED     FOREIGN    GOLD   AND SHORT-TERM       DOLLAR BALANCES

                    JUNE 30, 1945 TO JUNE 30, 1949
                            (in billions of dollars)

               Area
                                  June 30,       December 31       June 30,
                                  1949      1948    1947     1946    1945
Total, all areas...........$14. 6         $14. 9  $15. 1   $19. 3  $19. 7
  ERP countries..........           7. 5    7. 8     7. 8   10. 0   10. 5
  Asia & Oceania. . . .. ........2.1        2.0      1.8     2.0    
2.0
  Latin America .........           2.8     2. 7     2.99    3.6     3.6
  All other . . . .. ........... 2.2        2.4      2.6     3.7     3. 6

  Note:    Table excludes holdings of the International Monetary
Fund, the International Bank and other international organizations-
also the U.S.S.R.

                                 Table IV

U.S. GOVERNMENT FOREIGN           AID   RELATED    TO   FEDERAL FISCAL
                               OPERATIONS

                             POSTWVAR PERIOD
                             (in billions of dollars)
                                          Expenditures for Percent:
                                Total U.S.                 foreign  Budget
            Fiscal years          Gov't                     aid to  surplus
                                 expendi- Foreign All other total  (+ or)
                                 turest    aidi  purposes expendi- deficit
(-)
                                                            tures
  Totalpostwar period (est.) . .  $215. 8  $29. 4  $186. 4 13. 6% $-18. 8
  1950 (est.). ........... . .. 43. 5        6. 0    37. 5 13. 8     -5.
5
  1949..............                37.1     6.3     30.8  17.0      -1.8
  1948...............               36.o8    5.o4    31.4  14.7     +8.4
  1947.        .............        37.9     6.o2    31.o7 16.4      4-0.8
  1946..      ............60.o5              5.5     55.0   9.1    -20.7

  tExcluding payments to and transactions of the International Bank and the
International Monetary Fund.