REPORT OF EXECUTIVE COMMITTEE 125 



Disbursements : 



From funds for general work of the Institution : 



Buildings — care, repairs, and alterations $3, 235. 62 



Furniture and fixtures 225.84 



General administration 2 28, 540. 66 



Library 2, 224. 07 



Publications (comprising preparation, print- 

 ing, and distribution) 19,314.78 



Researches and explorations 31, 446. 60 



$84, 987. 57 



From funds for specific use, other than Freer 

 endowment : 



Investments made from gifts, from gain 

 from sale, etc., of securities and from 

 savings on income 72, 893. 20 



Other expenditures, consisting largely of re- 

 search work, travel, increase and care of 

 special collections, etc., from income of en- 

 dowment funds and from cash gifts for 

 specific use (including temporary ad- 

 vances) 85, 822. 05 



Reinvestment of cash capital from sale, call 

 of securities, etc 43,772.69 



Cost of handling securities, fee of invest- 

 ment counsel, and accrued interest on 

 bonds purchased 1, 775. 50 



204, 263. 44 



From Freer endowment: 



Operating expenses of the gallery, salaries, 

 field expenses, etc 57, 859. 40 



Purchase of art objects 170,039.96 



Investments made from gain from sale, etc., 

 of securities 39, 559. 79 



Reinvestment of cash capital from sale, call 



of securities, etc 350,924.67 



Cost of handling securities, fee of invest- 

 ment counsel, and accrued interest on 

 bonds purchased 19, 677. 72 



638, 061. 54 



Cash balance June 30, 1938 566, 492. 69 



Total 1, 493, 805. 24 



2 This includes salary of the Secretary and certain others. 



