Show CUTTING DOWN DEBT Uncle Snm Continues to Reduce His Obligations Washington June 2Thc monthly statement of the public debt Issued by the Treasury department today shows that at the close of business May 31 3P02 the debt less cash lathe la-the I treasury amounted to 382160573 a decrease as compared with last month of 5CIO101 The debt Is recapitulated recapi-tulated as follows Interestbearing debt 031070510 Debt on which Interest has ceased since maturity 1C01SSO Debt bearing no Inlercal SMHTfSJ Total IM7SIO I 03 This however does not Include 5SI52 1SGOSO In certificates and treasury notes outstanding which are offset b ran r-an equal amount of cash on hand which Is held for their redemption The cash In the treasury is classified ns follows I Gold reserve fund 1SO000000 Trust funds SolSfiOSO Ciunernl fund Including 12I JSrOl In national bank depositories de-positories 175C10S22 Total 51 Si7EOoSli Against which there are demand lla 1iii ties ouistanding amounting to 3l02I5aGSl which leaves a cash balance on hand of snrno229 |