THE INTERNATIONAL BALANCE oF PAYMENTS OF THE UNITED STATES, FOR THE CALENDAR YEARS 
1922, 1923, 1924, 1925 
(r 
1922 
Total exports of merchan- 
dise and silver 3930 4280 4731 
Tourists 60 100 100 
YEARS 
1923 1924 
Freight 71 
Interest receivable 476 
{ Securities sold, bonds re- 
J deemed, etc. 294 
U. S. Government re- 
ceipts, principal Allied 
debts 
U. S. currency sent out 
Motion-picture royalties 
65 
BRT 
76 
R14 
435 
364 
31 
50 
A010 
91 
= 
23 
6 
3246 
NE 
Excess of exports of mei 
chandise and silver 
Net exports of gold 
726 
387 
10° 
19256 
5033 
100 
75 
580 
551 
27 
of 
Dr. 
1922 
Total imports of merchan- 
dise and silver 3204 
Tourists 360 
[mmigrant remittances and 
like payments 
Freight 
Interest payable 
( Securities bought 
f. 
New loans 637 
S. currency sent in 
v. S. Government payments 416 
5132 
Net imports of gold 
238 
YEARS 
1923 1924 
3893 
500) 
3725 
600 
60) 
73 
(0) 
55 
£8 
150 
14 
+A 
363 
795 
50 
L 
12 
294 
© 
RAY 
258 
1926 
333 
660 
360 
83 
16 
90 
920 
62 
us 
6678 
= 
T 
br] 
Ee 
4 
/ 
-3 
2) 
~ 
Nn 
= 
- 
ud 
= 
12 
a | 
— 
—r 
- 
eS) 
3 
= 
=) 
— 
O 
pd. 
~ 
~ 
3 
rd