REPORT OF THE EXECUTIVE COMMITTEE 
ASSETS 
Cash: 
United States Treasury current 
ACCOUNT === ae ee ee ee $418, 087. 11 
In banks and on hand__—________ 145, 760. 26 
563, 847. 37 
Less uninvested endowment funds___ 166, 613. 23 
$397, 234. 14 
Travel and other, advances. =." 7, 438. 61 
Cash invested (U. S. Treasury note)__-_____ Ee 500} 2318 24 
Investments—at book value: 
Endowment funds: 
Freer Gallery of Art: 
Stocks and bonds______ $5, 986, 091. 45 
Uninvested capital_____ 114, 072. 86 
6, 100, 164. 31 
Smithsonian Institution: 
Stocks and bonds_-_-_____ 1, 929, 108.17 
Real estate and mort- 
gare™=notes 79, 220. 93 
Uninvested capital_____ 52, 540. 37 
Special deposit in U. S. 
Treasury. Interest at 
Gipercent== a= ee 1, 000, 000. 00 
3, 060, 869. 47 
161 
$904, 909. 99 
9, 161, 033. 78 
10, 065, 943. 77 
UNEXPENDED FUNDS AND ENDOWMENTS 
Unexpended funds: 
Income from Freer Gallery of Art endowment_______________ 
Income from other endowments: 
IROStricteg 22 sees ta een wae heen eerie 2 Salah PalOs ry 
Gener ae eats ee ee en eRe ee aS. 87, 474. 88 
Endowment funds: 
reersGallleryz0 fy A Tbe ee $6, 100, 164. 31 
Other: 
Restricted == ee $1, 362, 443. 24 
General seer ee 1, 698, 426. 23 
3, 060, 869. 47 
$357, 129. 81 
258, 685. 85 
289, 094. 83 
904, 909. 99 
9, 161, 033. 78 
10, 065, 943. 77 
