SECRETARY’S REPORT 
ASSETS 
Cash: 
United States Treasury cur- 
Tent Account ae = see ae $360, 201. 95 
In banks and on hand_----- 170, 128. 78 
530, 330. 73 
Less uninvested endowment 
fundshe 2s ea we eee 89, 826. 17 
ED OE CE 
Travel and other advances___-_----------- 11, 585. 42 
Cash invested (U.S. Treasury notes) ------ 502, 815. 37 
Investments—at book value: 
Endowment funds: 
Freer Gallery of Art: 
Stocks and bonds__ $6, 059, 334. 01 
Uninvested capital_ 33, 441. 68 
——_—_—__————_ 6, 092, 775. 69 
Investments at book value other than Freer: 
Stocks and bonds_-__--- $1, 929, 118. 64 
Real estate and mort- 
gage notes=—— 2 62, 790. 83 
Uninvested capital____-_ 56, 384 49 
Special deposit in U. S. 
Treasury. Interest at 
6G; percent==ss====—"— 1, 000, 000. 00 
—— 3, 048, 293. 96 
147 
$954, 905. 35 
9, 141, 069. 65 
10, 095, 975. 00 
UNEXPENDED FUNDS AND ENDOWMENTS 
Unexpended funds: 
Income from Freer Gallery of Art endowment-_------------ 
Income from other endowments: 
Restricted == sees oa es ae ee $187, 425. 28 
Goneral os besa ts ee Ok ao ee ee 85, 599. 74 
Giltstindvpranite: 2. 5eie Sees io es ls ee 
Endowment funds: 
RreersGallery Of Att. o22s-. 2526s ee aon $6, 092, 775. 69 
Other: 
Restrictedes sss) ee —— $1, 345, 776. 78 
General 2 oe eek ee 1, 702, 517. 18 
3, 048, 293. 96 
393, 411. 62 
273, 025. 02 
288, 468. 71 
954, 905. 35 
9, 141, 069. 65 
10, 095, 975. 00 
