Report of the treasurer

The Econometric Society has concentrated on stabilizing the ratio of end-of-year net worth (NW) to total revenues (TR), or the latter net of realized capital gains, at roughly 50% since the 1980s. The NW-TR stood at 0.68 at the end of 1994. Moreover, consolidated net surplus was $80,684 in 1994. In the wake of the society's sound financial position, it has been recommended that rate increases be kept to a minimum and that the executive committee launched other profit-generating activities.