REPOKT OF THE EXECUTIVE COMMITTEE 157 



Receipts from Freer endowment: 



Purchase and sale of securities $69, 513. 78 



Income from investments 307, 957. 19 



Other receipts 3,236.03 



Total receipts from Freer endowment _ $380, 707. 00 



Total - - 1, 154,856.32 



Disbursements other than Freer endowment: 



Administration $64, 209. 68 



Publications 17, 624. 45 



Library 542.40 



Custodian fees and similar incidentals 3, 000. 32 



Miscellaneous 1,808.52 



Researches ..._ 140, 267. 09 



S. I. Retirement System 3, 617. 40 



Purchase and sale of securities (net) 85, 079. 40 



Total disbursements other than Freer endowment 316, 149. 26 



Disbursements from Freer endowment: 



Salaries $92,049.03 



Purchases for collections 158, 600. 00 



Custodian fees and similar incidentals 12, 081. 06 



Miscellaneous. 39,021. 19 



Total disbursements from Freer endowment 301, 751. 28 



Investment of current funds in U. S. bonds 746. 76 



Total disbursements 618, 647. 30 



Cash balance June 30, 1951 536,209.02 



Total -- 1, 154,856. 32 



ASSETS 

 Cash: 



United States Treasury cur- 

 rent account $407, 159. 91 



In banks and on hand 129, 049. 11 



536, 209. 02 



Less uninvested endowment 



funds 134,824. 51 



Travel and other advances 11, 798. 34 



Cash invested (U. S. Treasury notes) 600, 778. 01 



$401, 384. 51 



$1, 013, 60. 866 



Investments — at book value: 

 Endowment funds: 



Freer Gallery of Art: 



Stocks and bonds.. $6, 516, 245. 14 

 Uninvested capital. 97, 265. 35 



6, 613, 510. 49 



