File No. 800.51/26
The Assistant Secretary of the Treasury ( Leffingwell) to the Secretary of State
Washington,
January 3, 1918.
The total of loans and credits to date is now as follows:
Loans to Foreign Governments
Acts of April 24, 1917, and September 24, 1917
| Country | Loans and credits agreed upon | Loans made | Balances under established credits |
| Great Britain | $2,045,000,000 | $1,860,000,000 | $185,000,000 |
| France | 1,285,000,000 | 1,165,000,000 | 120,000,000 |
| Italy | 500,00,00 | 400,00,00 | 100,00,00 |
| Russia | 325,000,000 | 187,729,750 | 137,270,250 |
| Belgium | 77,400,000 | 75,400,000 | 2,000,000 |
| Serbia | 4,000,000 | 3,200,000 | 800,000 |
| Totals | 4,236,400,000 | 3,691,329,750 | 545,070,250 |
[
R. C. Leffingwell]