REPORT OF THE EXECUTIVE COMMITTEE 171 



ASSETS— Continued 



Investments — at book value: 

 Endowment funds: 

 Freer Gallery of Art: 



Stocks and bonds $7, 210, 636. 21 



Uninvested cash 20,332.27 



$7,230,968.48 



Investments at book value other 

 than Freer : 



Stocks and bonds $2,939,736.63 



Uninvested cash 15, 986. 77 



Special deposit in U. S. 

 Treasury at 6 percent in- 

 terest 1, 000, 000. 00 



other stocks and bonds 76, 671. OS 



Real estate and mortgages- 5,936.00 



4, 038, 330. 48 



$11, 269, 298. 96 



Total - 12.556,349.22 



UNEXPENDED FUNDS AND ENDOWMENTS 



Unexpended funds: 



Income from Freer Gallery of Art endowment $535, 740. 89 



Income from other endowments: 



Restricted $325, 014. 80 



General 222, 876. 06 



547, 890. 86 

 Gifts and grants 203, 418. 51 



1, 287, 050. 26 



Endowment funds: 



Freer Gallery of Art $7, 230, 968. 48 



Other : 



Restricted $2, 137, 278. 37 



General 1. 901, 052. 11 



_ 4, 038, 330. 48 



11,269,298.96 



Total 12, 556, 349. 22 



The practice of maintaining savings accounts in several of the 

 Washington banks and trust companies has been continued during the 

 past year, and interest on these deposits amounted to $3,162.17. 



Deposits are made in banks for convenience in collection of checks, 

 and later such funds are withdrawn and deposited in the United States 

 Treasury. Disbursement of funds is made by check signed by the Sec- 

 retary of the Institution and drawn on the United States Treasury. 



