Full text of Treasury Bulletin : April 1943
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COPY N0.2
Jl^N
mASUHY
9.
1 1972
DEPARTMENT
/
^
y
/M-
COPY No.i
.^(.S.
-^...
7
1
r-tcx%
•'^-
-.
-
^r^
BULLETIN
OF THE
TREASURY DEPARTMENT
APRIL
1943
Analysis of Receipts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics
UNITED STATES
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
LIBRARY
ROOM 5030
JUN
1 1 1972
TREASURY DEPARTMENT
.
Bulletin of the TreaBury Department, April 1943
Cumulative Table of Contents
Issue and page number
igUs
191+3
Apr.
Mar.
Tet.
Jan
Dec.
Nov.
Oct.
Sept
.
Aiig.
July
June
May
Special articles
Comparison of various featiireB of Treaeury securities offered to pu'blic
diirlng Second War Loan, April IS^ij
2-3
Charts showing bank deposits by counties, as of Dscember 3I. 19^+2 and
increases during igl^'S
Bank deposits by Federal Reserve Districts and by States, December 3I.
igUl and 191+2
2-3
Sales of United States Oovenuoent securities in December I9I+2, classified by type of investor
Dividends received by corporations, Individuals, and fiduciaries, I936.
3-6
Estate tax rates and tax liability In the United States, United
Kingdom, and Canada
7-8
Individual income tax rates and tax liability in the United Statee,
United Kingdom, and Canada
Individual income tax rates in the United States, selected taxable
years. igiS-igU?
75
Comparison of various features of Treasury securltlee currently
offered to public
22-23
Preliminary analyels of taxable excess profits tax returns for igUl
filed through July 3I, 19^2
71-73
United States Government interest-bearing public debt outstanding
d-urlng World War I
Summary of fiscal statistics
Budget receipts and expenditures.
Debt outstanding:
Public debt.
Public debt and guaranteed obligations.
Means of financing cash requirements
Receipts and expenditures and appropriations
Appropriations and net contract authorizations for the war activities
program as of month-end preceding month of publication
Budget receipts and expenditures:
Summary by major classifications
Analysis of receipts from internal revenue
Analysis of general expenditures
Analysis of expenditures for war activities
Analysis of expenditures for (l) revolving f^ds and (2) transfers
to trust accounts, etc
Total budget receipts and expenditures, by months, for recent years.
8-9
5-6 13-lu
5-6
5-6
5-6
5-6
5-6
5-6
7
7
7
7
7
7
12
12
10
10
7
15
7
7
7
7
15
7
11
11
8
8
16
16
g
8
7
8
7
13
13
9
17
9
9-10 17-18
9-10
11
12
12
ll4-15 12-13
ll*
5
5
8
8
6
9
9
9
9
9-10
9-10
9
9-10
7
9-10
9-10
8-9
11
11
11
11
10
9
12
12
12
12
11
10
12
13
13
11
11*
13
13
8
6
7-8
Receipts and expenditures for trust accounts, increment on gold, etc....
16
Ik
11
19
11
Means of financing cash requirements beginning 1933
17
15
12
20
12
21
22
22
13
13
13
13
l!»
lU
Ik
lU
Ik
lU
Ik
23
23
23
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
11*
Ik
13
2U
16
16
16
16
16
16
15
11*
Social Security program:
Budget receipts and expenditures:
Social Security Act
Railroad Retirement Act
Railroad Unemployment Insurance Act
Statement of trust accounts:
Federal Old-Age and Survivors Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
Cash Income and outgo of the Treasury:
Analysis by major classifications
Total cash Income and outgo, by months beginning with:
January 193^
January 193S
ih
12
12
24-25 16-17 16-17 16-17 16-17 16-17 16-17 15-16 lU-15
19-20 16-17
IV, General Fund of the Treasury
liabilities, and balance in General Fond.
19
19
18
17
Analysis of changes In balance of General Fund...
20
20
19
18
Assets,
(Continued on followlc^ pa^e)
Bulletin of the Treasury Department, April 1643
Cumulative Table of Contents
-
(Continued)
Bulletin of the Treasury Department, April 1943
Cumulative Table of Contents
-
(Continued)
Ismie and
pa^
number
I9U3
Apr.
:i.
Mar.
iS^+a
Feb
.
Jaa
Dec.
Sot.
Oct.
Sept.
Aug.
July
June
Majr
Prices and yields of G-overnment s e cu rit ies (including eecurlties Issued by Federal agenclea')'
Over-the-counter closing quotations and price history for public
marketable securities Iseued by the U. S. Gorerament and by
Federal agencies, as of:
The 15th of the month of publication
the month-end preceding month of publication
Chart showing yields of individual issues of Treasury bonds and notes..
51-53 53-55
5^56 52-5^
51-53 52-51* 1*9-51
57-59 5M-56 51-53 60-62 51-53
60
5?
5^
63
5^
5H
56
57
55
5"*
55
Average yields of long-term Treasury bonds and high-grade corporate bonds:
Discuseion of composition of arerages
61
Yields beginning with:
6i*-65 55-56 55-56 57-58 58-59 56-57 55-56 56-57 53-5'*
January 133^
January 1935
62-63 58-99 55-56
VIII. Government corporations and credit agencies of the United States
Assets and liabilities and proprietary interest:
March 3I, igUa
April 30, 19112
May 31. 19^2
June 30. 19^2
July 31. 19^2
August 31. 191+2
September 30, 19l*2
October 3I. 19^2
November 30, 19^2
December 3I. 191+2
January 3I I943
February 28 I9I+3
65-66
Sources eind uses of funds:
Fiscal year to date
FroiD inception of organization
67-68 63-6I* 60-61 69-70 60-61 60-61 62-63 63-61* 61-62 60-61 61-62 58-59
69-70 65-66 62-63 71-72 62-63 62-63 6IU65 65-66 63-6I* 62-63 63-61* 60-61
56-57
59-60
58-59
59-60
61-62
60-61
58-59
58-59
67-6S
58-59
61-62
,
,
Amount of obligations outstanding guaranteed by the United States,
by agencies
27
2l*
30
25
Financing operations in securities guaranteed by the United States,
beginning with 193U
IX.
6U
65
62
Gold and silver statistics
76
Increment from reduction in weight of gold dollar, cumilatlTe to:
December 31. I9H1
June 30 19!+?
September 30, iqU2
December 31, 19^2
March 3I, I9U3
72
78
69
69
71
75
70
70
71
68
70
,
69
78
76
Treasury gold receipts, for recent quarterly periode
68
70
69
Monetary stoclca of gold and eilver
69-70 69-70 71-72 75-76 70-71 70-71 71-72 68-69
Components of silver monetary stock
71
71
73
77
72
72
73
70
Silver of specified claasificatione acquired by mlnte and aeeay offlcee.
71
71
73
77
72
72
73
70
Seigniorage on silver, by types
72
72
71*
78
73
73
71*
71
Silver production, by countries
72
72
71*
78
73
73
71*
71
76
73
Other Treasury statistics
Balance sheet of the Exchange Stabilization
March 3I, igl+a
June 30 191+2
September 30. 19U2
December 3I, l^kz
IVind:
75-76
76-77
,
Capital movements between the United States and foreign countries.
Note:
62
72-73 68-69 65-66 7lt-75 65-66 65-66 67-68 68-69 66-67 66-67 67-6S »t-65
71*
66
68
68
67
67
70
76
67
69
76
69
Gold assets and liabilities of the Treasury
XI.
65
Internal revenue etatlstlce
Collections of Internal revenue:
Siamnary data
Comparative detalle for current periode.
X.
61*
82-83
80-81
82
76
73
In tables In which It Is Indicated that the figures are rounded to a given unit,
the total shown.
gl*
76
71*
78
75
77
the details will not necessarily add to
SPECIAL
ARTICLES
-1-
Comparison of Various Features of Treasury Securities Offered to the Public
During the Second War Loan, April 1043
feature
Comparison of Various Features of Treasury Securities Offered to the Public
During the Second War Loan, April 1943
Teatnre
SUMMARY
OF
FISCAL
— 6-
STATISTICS
•
Budget Receipts and Expenditures
(In mllllona of dollars)
Complete fiscal years,
191*0 to 191*1*
TiTBt 9 montht,
fiscal years 1941 to I9U3
Eetlmeted 1/
Change
I9UI
191*2
Actual
191*2
191*3
Change
191*0
191*1
191*2
191*3
to
191*1*
191*2 to
2/
estimated
191*3
191*3
1/
Estimated
I9U3 to
estimated
191*1*
1/ 2/
Receipts:
Internal revenue:
Income and profits taxes
^
2,1*15
5.322
10,31*9
+5.027
2.125
i.^10
7.960
17.571
27.61*5
+9,611
+10,071*
S87
881
1,1U
+230
833
925
1,186
1,1*52
1.971
+276
+509
2,20l*
2,97'*
3.'*95
+521
2,31*5
2.967
3.8l*7
1»,516
'*.936
+669
+1*20
Customs
203
299
222
-77
31*9
392
389
253
20l*
-136
-1*9
Other reeelpte
279
201
3Ul
+1U0
273
515
286
751
651
+1*65
-100
5,81*8
9.678
15.519
+5,81*1
5.925
8,269
13,668
552
35.1*07
+10,881*
+10,855
1*76
629
800
171
53s
661
869
1,076
1.525
+207
+1*1*9
500
800
+500
+300
5.372
9.0U9
11*,
719
+5,670
5.3S7
7,607
12,799
22,976
33.081
10,177
+10,105
1*1*,
Employment taxes
Hlecellaneous internal rsTenne
}*/.
Total receipts.
Aooonts transferred to Federal Old-A^
and SuTTlTors Insurance Trust Fund ^..
21*.
Post-var credits for excess-profits tax,
Tlctory tax, etc
Net receipts
Expenditures:
6/
War actlTitles:
Var Department
2,191
8,619
31.257
+22,638
667
3.678
ll*,070
000
62.000
+29.930
18,000
Navy Department
1,1*65
i*.863
13.556
+8.693
891
2.313
8,580
17.500
22.000
+8,920
+1*,500
171*
i.903
5.761
+3.858
99
310
3.362
12,500
13,000
9.138
+500
3.830
15.385
50,571*
+35.189
1.657
6,301
26,011
000
97.000
+1*7,989
+23.000
Veterans' Administration 8/
1*11*
1*15
U53
38
557
563
556
617
885
+61
+268
Puhllc Works 2/
Aid to apiculture 10/
593
517
W*
-73
950
738
680
666
1*03
-11*
-263
81*7
986
87s
-108
1.559
1.225
1,11*2
1,015
-83
-127
Social Security program 12/
U76
511
+77
513
588
659
755
786
+96
+31
1.033
766
278
-1*88
1.572
1.37"*
970
300
-670
-300
CiTilian Conservation Corps
198
13s
-3
-11*1
283
257
163
16
Interest on the public debt
686
77"
1.068
+29U
1,01*1
1,111
1,260
1.850
MiEC8llaneoi::s war actiTitles Jj
Total war actiTitles.
93711/
71*,
Direct and work relief:
Work Projects Administration and
National Youth Administration 13/
Federal Emergency Selief Acmlnlstration
and ClTil Works Administration
Other lU/
1
-1H7
-16
3,000
+590
+1.150
61*9
668
671
+3
866
81*1
873
1,086
1.035
+213
-51
Total expenditures 6/.
8,726
20, 160
^.95>-
+31*.
791
8,99s
12.711
32.397
80.1*32
lou.iai*
+1*8.035
+23.692
Net budget deficit 6/...
3.35»*
11,112
1*0,232
29.120
3,611
5.103
19.598
57.1*56
71.0'*3
+37.853
+13.587
Source:
1/
2/
3/
6/
5/
6/
2/
8/
^
Daily Treasury Statements, except ae noted.
Eeti]nate8 as shown In the 191*4 Budget.
Does not include proposal for $16,000,000,000 additional funds from
new legislation for ths fiscal year 191*1*.
Includes unjust enrichment tax and victory tax.
Includes chiefly alcoholic beverage taxes, tobacco taxes, menufecturers' and retailers' excise taxes, and estate taxes.
For explanations, see tables in next chapter on Social Security
program.
Excludes expenditures for public debt retiremente which are chargeable to the sinking fund, etc. under special provisions of law.
Includes expenditures made by Office for Emergency Kenagement War
Manpower Commission (U. S. Employment Service).
Includes expenditures classified as transfers to trust accounts.
etc.. for the Adjusted Service Certificate I\ind end the National
Service Life Insurance Fond.
Includes Public Works transactions classified as Bevolving Funds (net).
10/
11/
12/
,
Ij/
14/
Includes Aid to agriculture transactions classified as Revolving I\inds
(net), expenditures of the Department of Agriculture classified as
Departmental in the Dally Treasury Statement, and Agricultural
Marketing Administration transactions classified as transfers to
trust accounts, etc.
HepresentE gcoeB expenditures of $1,252 millions leas repayments of
U. S. investments in capital funds aggregating $315 ollliona.
Includes expenditures classified as transfers to traat accounts, etc.
for the Railroad Retirement Account and the Railroad Unemployment
Insurance Administration Fund.
Excludes expendittiree made by Office
for Emergency Management, War Manpower Commission (U. S, Employment
Service) under authority of the Social Security Act.
Beginning .July 1942 expenditures for National Youth Administration
are shown under War activities.
Includes departmental expenditures not otherwise classified and
expenditures classified as transfers to trust accounts, etc., for
Government employee retirement and insurance funds.
Public Debt and Guaranteed Obligations Outstanding
(In
oUlioae of dollare)
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
-9-
10
Appropriations and Net Contract Authorizations for the War Activities Program
As of March 31, 1943^
Data
approved
Public
Lav Ho.
Title of act
76th Congresa. Third Seeslon
Mar. 25.
ipproprlatlena
Ket contract
authorlzatlone 2/
11
Appropriations and Net Contract Authorizations for the War Activities Program
As of March 31, 1943^- (Continued)
Date
approved
B
.
.. .
..
.
..
.
,
12
Budget Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In milllonB of dollare)
Expenditures 1/
Receipt
Orosi receipts
71sca1 year
or month
Internal
Total
revenue
receipts
2/
2.080
3.116
3. 800
1933
193't
l,60U
2.61*1
Ouatoos
2/
251
313
3U3
387
LeeB net amounts
transferred to
Total
let
Tedernl Old-Age
receipts! expenditures
other
and SUTTlTors
receipti Insurance Trust
Tund I*/
225
162
179
216
210
208
188
273 10/
515 U/
286 \2l
5.29't
3.278
3.513
".597
5.66«
5.925
8,269
13,668
5.161
5,303
7.362
12.993
19lt3-March.
3,5^
3. '•93
33
22
April
May...
732
681*
16
26
U2
37
201
28
26
31 12/
t7
209
1935
1936
1937
1938
1939
U.U6
5.671*
19110
19U1
igte
392
389
761*
7O8
2.1*21*
79I*
71*2
21*
797
71*8
2.528
2.1*76
22
20
.
61*8
603
2l*
.
830
2.702
2.61*9
October
NoTember.
December
1943- January
February.
.
March
Source:
31*9
2,1*911
July
August ....
September.
.
359
319
32
30
28
June.
.
1*86
781*
82l»
721*
1.190
5.207
1.075
5.155
20
22
28
75
26
32
89
21
265
387
503
538
661
869
1
1
Ui
229
1
35
235
1
Sally Treasury Statements.
Less than $^00,000.
Excludes amounts for public debt retirement vhlch are chargeable to the sinking fund, etc. under special proTlslone of law.
for further details, see Table 2.
for further details, see chapter on Customs Statistics in
December 191*1 "Treasury Bulletin".
For explanation see tables vhlch follow on the Social Security
prograD.
For further details, see Table 3.
For farther details, see Table U.
For further details, see Table 5* Also see footnotes U/ and
Total expenditures less net receipts.
Eepresente expenditures for public debt retirements which are
chargeable to the sinking fond, etc. under special proTisions
of law.
Includes partial return of amounts paid to the Commodity Credit
Corporation for the restoration of capital impairment $1*1* millions; and the retirement of Treasury inrestment la
Federal saTlngs and loan assonlation shares - $10 mllllona.
War activities
5/
6/
Tranefere
EeTolTlng
to tniet
funds
%ccouatB,
(net)
etc.
2/
680
981
908
531
900
689
900
935
U37
929
86U
1,029
221
1,206
1.657
7.055
6,215 12/ 5.301
26.011
5.986
Public
Ket
debt
budget
retiredeficit
ments
8/
2/
1/
71*
129
U96
3U5
77
76
,320
1.78U
2,896
3.209
U.55O
2.080
3.116
3,800
U,il6
5.029
5.855
5.165
5.387
7.607
12.799
6.011
7.010
8.666
8.177
7.239
8,707
8,998
12,711
32.397
3.5^7
3,1*21
591
2.809
-1
695
563
2.692
3.753
3,953
3.238
3,560
3.829
-1
't.530
U67
393
700
7U7
587
2,527
5.160
5.215
5.931
'tis
l*,l*98
21*9
i*,Ui3
312
5UU
l*.88l*
19
1*.628
5,381*
5
3.1*01*
607
601
2.701
5.937
6.363
6.500
1*01
5.1*81
6.01*2
56
5.825
25
5.331
5.761
3.799
788
955
5,206
5.9^7
6.U9
35
2
6,71*1*
1
11/
12/
^
10/
General
13/
3,861*
320
656
6,372
7.351*
i
601
11
aoU
121
92
51;
571*
3,611
5.103
19.598
U03
loU
65
58
129
6U
95
22
-126
15
1*8
3,058
3.391
2,037
1
608
225
187
232
331
381
-136 12/
18
U62
360
1
3
3.1'»9
1.38U
3,51*2
2
2
5.581*
5.161*
2.11*7
laeludae recoTerlee of U. S. InTestments In capital funde as
Beconetructlon finance Corporation stock retired follows:
$175 milllone; ?ederal Eone Loan Bank stock (resold to HeconBtruction Finance Corporation) - $12^ millions; retirement of
Treasury inTeetment In Federal savings and loan association
ebarea - $10 milllonB; sale to Beconstruction Finance Corporation of bonds held tj Public Works Administration - $9 milllonB.
Eecelpta from coital stock and paid-in aurpltts reductions that
are available to be reissued under existing law are not reflected under receipts, but rather are included ae negatire
items under eipendituree. During the fiscal year 19^1. reductions in capital in this manner were as follovs: Under general
Banks for cooperatlTes - $6o mllllona, and
expenditures:
Federal land banks - $100 millions; under revol-vlng fonds:
Federal Farm Mortgage Corporation - $100 milllonB, Federal Intermediate credit banks - $Uo millions, and production credit
corporations - (15 millions; a total of $315 millions.
Includes $18 millions in the fiscal year 1^^2 and $10 millions
in the month of September 19^2 representing partial return of
amounts paid to the Commodity Credit Corporation for restoration
of capital Impairment.
Table 2.- Analysis of Receipts from Internal Revenue^
(In millions of dollars)
Sii^)loyment taxes
lacome
and
profits
Fiscal year
or month
Total
taxes 2/
1,60U
2.6U1
3.278
3.513
t.597
5.67U
5.161
5.303
7.362
12.993
1933.
1931*.
19351936.
1937.
1938.
1939.
19I10.
19U1.
iste.
Social security taxes Jj
Federal Insurance
Federal Unemployment
Contributions Act
Tax Act
(Old-age insurance) (Unemployment insurance)
Carriers Taxing
Act of 1937
(Hallroad
retirement)
'
Miscellaneous
Internal
revenue
!i/
71*6
818
1.099
1.U27
2.163
2.61*0
2.189
2.125
3. ''70
253
755
58
90
101
108
98
120
191*
511*
71*0
530
833
601*
691
150
109
121
137
170
I.U70
1.657
2.010
2.181
2.279
2.232
2.3'»5
7,960
19l*2-March.
3.1*93
3.083
1*6
3
1*2
361*
April.
May..
June.
681*
335
216
2,086
1*3
39
1
222
201*
9
305
270
1*0
1*
708
2.1*21*
July
August ....
September
October
HoTember
December
.
I9U3- January
February
March
.
Source:
•
1/
2/
71*2
71*8
2.1*76
.
603
.
781*
.
2,61*9
.
721*
.
1.075
5.15'*
896
35
298
273
155
2.126
53
1*9
1
1*16
232
212
1*1
3
11
36
362
309
206
199
1,972
1*8
1*1*
231
3
9
1
2U8
1*7
1*
1
1*3
350
337
630
306
380
U.732
3^
37
237
1*8
3
Daily TreasTiry Statements.
Less than $500,000.
For further details, see chapter on Internal Berenue Statistics.
Includes unjust enrichment tax and Tlctory tax.
^
U/
8
353
521
77
2.967
3.SU7
925
1.186
.
Agricultural
adjustment
lU
1
99
3
7
365
352
U2
37"*
For the period prior to September 1939. the data In the
columns entitled Federal Ineuraace Contributions Act and Federal Unemployment Tax Act represent collections tinder Titles VIII
and IX. respectlTely. of the Social Security Act.
Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' and retailers* excise taxes and estate tax.
.. .
.
.
.
.
. .
.
,
'
13
Budget Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(In allltoni of doUar>)
ToterB&B
fiscal year
07 SOQtb
AdmlnlfltrtttlOQ
Slnet lud work rsliaf
Puklte
Work!
2/
2.981
Aid to
mgriculture
Social
Security
progras
i/
1*1*2
102
930
966
988
29
1937
5U9
679
685
8O3
1*29
5.900
5.935
6. "37
763
507
557
578
581
Igl*
1938
1939
i960
igUi
i9Ua
5,8£U
7.221
7.055
6.215
5.986
582
557
557
553
555
670
900
890
715
669
866
335
igUS-March.
591
1*6
April
May...
"•67
U6
393
700
'*7
June.
July
August. .
September
October.
NoTember.
December.
1933
193*
lt,90«
1935
1936
.
.
191*3- January
Source:
3'»7
:'^
392
1*95
1*86
71*9
1,896
-1
386
866
510
1.1*72
2,21*0
1*
926
9U1
1
326
290
283
257
163
1.01*1
Uei
517
5U6
11
205
51
17
10
1*1*
21*
8
77
19
7
390
'*57
515
1*7
104
33
79
86
86
'•7
5^
51
57
51
5?
5^
12
"13
312
5IA
1*7
)!*
1^
80
58
5"
1*7
U3
i2
97
22
35
uoi
320
65U
1*9
59
61*
^1
1*7
39
52
67
83
89
3"*
31
28
28
111
111
127
56
26
38
'*7
36
i*g
'^5
601
1*9
11*
2
It
61
llO
75/
821
1,111
1.260
7
35
5
1
221*
7
70
25
353
21*
19
16
Dally Treasury Statementa.
than $500,000.
Includes public trorlrs undertaken by the Veterans' Administration.
Additional expenditures Included Id Table 5. for the Adjusted Service Certificate Fund and the National Service Life Insurance ?Und.
Includes public buildings, public highway's (including forest roado
and trails), rlTsr and harbor vork and flood control. Tennessee
Valley Authority, Federal Public Housing Authority (fonnerly U. S.
Housing Authority), reclamation projects and the Public WorkB
Administration. Excludes certain expenditures for public wortra
In connection vlth war 5ictlTitles by the Federal Worths A^ncy,
beginning July 19^1. Additional transactions are Included under
Revolving funds. Table 5*
Comprleee A^lcultiu-al Conservation and Adjustment AdElnistratlon,
Agricultural Marketing Adnlnlatrntlon. Commodity Credit Corporation, Tarm Credit Administration, Federal Sara Mortga^ Corpora^
tlon, Federal land ban^s, Farm Security Adnjiaistratlon, Farm
Tenant Act, Sural Electrification Administration, and Department
of Agriculture departmental expenditures. Additional transactions
are included under Revolving funds. Tabic 5.
Includes railroad retirement and railroad unemploj-ment activities
and excludes expenditures made ty Office for linargency Managaoient
War Manpower Commission (U. S. feipioyment Service) under authority
IsSBs
y
1.261*
.091
1*9
^
S/
"*
jj
S/
2/
Other
Othor
general
dejertexpendiBontal 2/
tures g/
332
"36
.0063/
31*6
on tha
public
debt
336
1.513
1.831
1.572
I.37H
970
391
. .
rebruary.
March
Clvlliu iBtorest
Work Projectc
Toder&l KB«rg6&C7
ContorAdalnlttratlon acd Sellef AdnlsiitraratloD
HatlOBAl Touth
tloa aad ClTll VorkB Corps
AdalnHtratlon S/
Ad»lnl»t r»tlo» 6/
357
313
itzu
g5
200
191
227
216
220
11*
29
tl
52
16
12
t5
16
11
22
"5
U9
54
1*3
p
U5
262
278
509
283
258
223
17
18
10
50
of Social Security Act. Additional expenditures included In Table 5.
Jtor further details, seo tables which follow on the Social Security
program.
Work Projects Administration was formerly Works Progress Administration.
Beginning with July igU?, eTpenditures for the Hatlonal Youth Administration are shown In Table U.
Includes expenditures of the Reconstruction Finance Corporation for
relief throng loans and grants to States, municipalities, etc.
Ej:clud6B expenditures for the U. S. Maritime Commission, departmental
expondlturae under the Social Seoirlty program and the Department of
Apiculture departmental expenditures.
Includes expenditures for the following:
Office of Education, and
Public Health Service of the Federal Security Agency; refunds of
tnxBS and duties "tiy the Treasury Department; Post Office Department
postal deficiencies; the Panama Canal; Federal Houaing Administration;
and Treasury Department investments In Federal savings pTn^ loan associationp. Also includes expenditures for capital stock of the Federed
Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal
home loan banks, and Disaster Loan Corporation.
The Federal contributions to the District of Columbia (Unlved States share) have beeh
transferred to the classification "Transfers to trust accounts, etc.".
Gross expenditures have been reduced $l60 millions representing the
repayments of capital funds by certain government agencies.
Table 4,- Analysis of Expenditures for War Activities
«
(
la millions of dollars)
Hlscellaneoua war activities
Fiscal year
or month
Total
War
Department
1/
680
531
689
900
929
1933
193't
1935
1936
1937
29
-10
273
383
378
-a
-12
-6
-12
-6
1*32
596
673
2,809
June.
3.238
3.560
3.829
)tay...
1*90
99
696
1.1*32
91*6
U30
105
1.59'*
1,101
1,307
1.309
5^3
1*02
65
80
513
119
53".
90
633
572
1.650
2,007
2,
l*,S8l*
5.381*
2,875
3.519
.
19l*3-January.
February
March
Source:
•
1/
2/
^
.
.
861
1.103
1.376
1.291*
3.1*17
1.596
3.538
3.770
1.380
5.3't7
'*.053
1.271*
5.770
6,7Wt
3.239
3.985
2.002
2.053
5.1*81
b.0l»2
.
5.825
1
1*1*
310
3.362
1*,1*98
.
1
1*1*
891
September.
December.
557
8. 580
July
HoTorober
529
2.313
Au^st ....
October.
United
Other
War
States
Aid
war
Shipping
Maritime
actlTltles
to
AdnlnleCommission
China
e:q>end.<
t rat ion
ttures U/
1/
-a
April.
19U2
tura
Department
Federal Hatlonal Selective
Federal
Treasury
Voiles
Housing Service
Security
DepartAgency
Agency (adalnlsAgency
ment
tratlvfl)
2/
29
-10
19U2-March.
191*1
laneoue
war activities
A^icul-
1*36
66/
3.678
1U.070
19'*0
Total
mlscel-
350
297
302
21*3
1.029
1.206
1,657
6.301
26.011
1938
1939
Havy
Department
1.1*78
3
62
111
62
Us
297
18
33
2U
99
51
519
929
132
63
121
16
63
83
99
98
130
150
1*2
29
33
39
Vs
108
200
382
86
7
ll*
8
8
10
8
22
17
21
28
13
12
17
26
95
181*
5U
1*2
61
U2
1*
13
U5
110
102
211
9U
99
113
76
56
17
15
19
1*3
110
1*6
50
50
81
83
271*
275
111
85
127
60
68
88
17
12
17
1*1*
95
39
55
79
103
331
223
285
77
68
103
18
59
U67
1.025
676
,5^
21
"•33
16
21
6
620
528
705
18
12
17
17
Daily Treasury Statements.
Less than I5OO.OOO.
Excludes Selective Service administrative expenses.
Includes war public housing functions.
Includes emergency ship construction, beginning March 19^1.
12
k/
11*1
98
Similar items for periods prior to fiscal year I9U1 are classified
under Other departmental and Other general expenditures In Table 3.
Includes expenditures of Civil Aeronautics Administration. Panama
Canal, and Office for finergency Management, War Manpower Commission
(U. S. Employment Service).
..
Ik
Budget Receipts and Expenditures
Table 5.- Analysis of Expenditures for
(1)
-
Revolving Funds and
(Continued)
(21
Transfers to Trust Accounts, Etc.
(In alllloni of dollars)
Transfers to tmst accoimta. etc.
fi«TOlTln£ fund* (net) 1/
risc&l year
or Bonth
Total
Aid to
agrlcultnra
PaWlc
Total
vorka
Vaterans'
Administration
1/
11
20U
1938
1939
121
19'tO
5^
19U1
-136
igUs
IS
92
31*6
liw
lUl
-33
-18
2«
-13
-g
-6
13"*
129
77
76
,820
608
221
7
OoTemaant
A^lealinr&l
retlrABAo't;
M&rkatiiig
A^lnlnlatratlon
(D.
fonde
S. ahar*)
100
50
50
21
21
21
.773
557
1»1
(
nrplua conniodl tjr
taspa)
redersl
contribution to
Dlatrlct of
Columbia
(D.
S.
ahare)
"•7
IW
225
187
23s
331
381
101
59
23
11
-159 6/
^
it/
7t
1933
I93t
1935
1936
1937
Social
Sscurlty
prograa
107
121
132
IU5
10
1
igUS-March
-1
22
April
May
-1
1*8
32
2't9
113
19
5
6
56
3'*
73
75
87
18
93
103
126
22
17
1
June
July
Au^Bt
.
.
.
.
September
October.
November
December.
.
2/
3/
5/
23
3"*
35
2
.
1/
7
2
25
19^3-January.
February.
March
•
19
3
.
Source:
107
1
Itelly Treasury Statementa.
Leas than $500,000.
Additional tranaactlona on Aid to apiculture and Public worka
are ehown in Table 3Farm Credit Administration.
Public Works Aamlnistratlon.
Comprises Adjusted Service Certificate Fund and the National Sorrlca
Life Insurance Fund, administered by the Teterana' Administration.
^
6/
Includes railroad retirement and railroad unemployment actirFor further explanations aee tables which follow on
Itles.
Social Security program.
Beflects reduction of expenditures through recoveries of InTestments In capital funds of Oovemmental a^neies agff-eg&ting $155 millions.
Table 6.- Totals by Months, Beginning with 1934
(In millions of dollars)
Apr.
Het
bud^t receipts
1/
Wit
1935
1936
1937
1938
211
203
228
23?
206
1*20
211*
601
752
218
230
308
367
19IH
19U2
3I1O
51*1
967
916
687
79?
1.566
578
758
3.51*7
19'*3
788
955
5,206
193"*
695
631*
573
1935
1936
1937
1938
1939
1*82
328
521
1*80
492
656
712
1,111
2,628
6,372
1*71*
1939
igw
291*
271
315
1*1*1*
9ud«et axpendltursa 2/
19ltO
1941
191*2
191*3
Het budget deficit 3/
igs"
1935
1936
1937
1938
1939
51*6
612
66s
.075
629
6,119
1*28
191*2
279
293
300
198
385
398
771
2,050
1,871
191*3
5.581*
5.161*
19110
191*1
311*
262
316
166
531*
182
228
231
318
262
213
30U
565
695
May
Jna*
July
tag.
Sept.
Oct.
15
BUDGET RECEIPTS AND EXPENDITURES
1938
JMAAJSNJMMJSNJMMJSNJMMJSNJMMJSNJUMJSN
.. ..
.
. .
16
Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc.
Table 1.- Trust Funds
(In millions of dollara)
Hecal year
or month
Total
trust funds,
net receipts (+1
or net expendl
tures (-)
Federal Old-A^ and
SurvlTors Insurance
Trust Fund
Het
195313}k.
19351936.
1937.
-5
+2U
+6U
193s.
193919UO.
19IH.
+11
+29
191*2.
+66
1
3
+10
9
igUS-March.
-172
-171
April.
+1*7
+37
+181
-205
177
June.
July
August ....
September.
55
+1*6
+197
-227
+193
-229
+60
+27'*
Becelpte
Unemployment
Trust Fund
Ixpendltures
fieceipts
3t
.
.
.
+1
+2k
+222
-260
.
Source:
•
1/
267
267
1*02
uoi
530
5«o
717
529
577
707
9'tO
931
^
,
Beoalpts
I^ieudi-
4„„
Set
+12
+1
+1
-It
763
838
959
751
HI*
837
957
1.118
l,2'»lt
1,2113
+1
-5
280
+20
233
301
2.053
858
1U1»
323
3lt9
+35
+20
+57
366
it09
389
512
1155
3
lt2
39
327
325
331
32
32
*
m
9
2
1
+7
96
27
89
5^
220
30
113
nit
+13
+1
+2
160
11)7
Ul
66
iti
3t
+22
+6
+19
61*
1*2
5^
66
lt8
31*
-S
-11
+11
66
U7
82
7"*
-2
3
52
223
1
-1
29
+1*2
ks
•
-It
+227
-273
229
2
2
+JlO
2U3
271*
-36
73
5^
203
109
-2
-2
ito
lt2
262
261t
+1
31*
33
271*
l"tU
-U
+2lt
33
1
2
107
125
lie
U2
225
62
16
230
+236
-272
109
123
127
285
210
237
2,020
838
29
-5
+2
35
235
lltg
Expenditure a
U3
220
25
285
"7
210
+2
+2
-2
+11
Bscelpts
+2lt
+3it
II
29
29lt
173
37
202
70
-215
-290
I9U3- January.
February.
March
let
19
37
37
October.
November
December.
Ixpenditures
+61t
+19
Ifay...
Other
trust accounts 1/
Ballroad
Betlrement Account
Sit
«
3it
«
+9
33
36
29
66
Its
58
71
Dally Treasury Statements.
Less than $500,000.
Includes Government insurance and retirement funds, etc.
Table 2.- Other Funds
(In millions of dollars)
Transactions In chadclng accounts
of Oovemoent agencies, etc.
Fiscal year
or month
Total all
transactions
Issuance
of obligations 1/
Increment on gold
Other
transactions
Becelpte
Seigniorage on sllTer
SiqMndltures
fieceipts
Sxpendlturee
Klecellaneous funds
and accounts 2/
Set
Receipts
Ixpandlturee
-813
1933.
193U.
19351936.
1937.
+811
-111
-731*
+637
+108
+31I*
I
+201*
1938.
1939.
2.811
2
1
2
-lt03
i
-99
1/
-337
-51
-5
2,000
113
1*0U
101
52
5
+11*0
+176
+40
lUO
176
uo
+90
+90
+U9
+20
90
+11*
lU
+768
+3U
-217
-3.625
+1.105
+288
+852
-1.809
-1.069
-1,815
331
-2
27
233
292
19lt2-March.
-75
+17
-92
+12
1*1
29
April.
Hay...
June.
-189
-12
-2
-1,120
-176
+15
3^
I9lt0.
igiti.
19lt2.
-1*30
-1.1*17
July
August ....
September.
-78
-262
-25
October.
November
December.
-583
.
.
February.
March
Source:
•
1/
9
-23
+U51
.
19 1*3- January.
+12
-251*
2?
20
+2
+16
+11
+39
2l*J
-1*28
-296
26
28
II
-91
-271
-2
+20
+10
+6
33
20
ll*
13
10
8
-272
-2
-5^3
+27
32
10
33
-2
-11
+27
+25
+11
-51*8
-5
-186
-370
-300
-8
-178
-25
-11
-3'»5
•m
-289
Dally Treasury Statements.
Less than $500,000.
Net receipts in this column constitute net sales, and net
expenditures constitute net redemptions of obligations.
2/
J/
8
5
5
-19
-21
-11
Comprises PWA revolving fund, and special deposits (net).
Also includes Agricultural Marlaeting Administration commodity
food stamp transactions.
Detail^ not available.
.
.
.
.
17
Means of Financing Cash Requirements
(
In Blllione of dollars)
ABomit raqttlred to be financed
Means of financing
Bet
fiscal year
or month
Total
amonnt
required
to l}e
financed
net
budget
deficit
i/
Het
Increase
in Oeneral
Tttnd
balance
1933-
3.052
1.78U
ltU5
13 Jk.
U,6l6
2.896
1,720
1935-
3.209
3.209
1936.
5.390
I*.
1937.
expenditures
in trait
accounts,
incrensnt
on gold,
etc. 2/
823
Total
amount
financed
Increase
in
public
debt
Bet
decrease
In Oeneral
Tund
balance
etc. 2/
3.052
3.052
i*.6l6
l*.51lt
3.209
1.61*8
5.390
5.078
3.l'i9
3.1'i9
2.6U6
128
371*
1.381*
71*0
338
306
U.16U
3.275
3.611
2.528
550
g)K)
101
71*1
l,3SU
1.38>*
1939-
U.iSl*
3.^2
19I40.
3,611
3.611
191*1.
5.99"*
5.103
7U2
11*8
5.991*
5.99"*
19U2.
23.U61
19.59s
358
3.506
23.1*61
23.1*61
231*
108
39
69
622
890
9U7
19lt2-Harch.
108
April.
3,lgU
3.058
126
3,181*
2.51*2
6U2
May...
3.6U8
3.391
257
3.61*8
3.609
39
June.
3.852
2.037
1.635
3.852
3.852
July
It.
August ....
"t.Sgj
1*.628
September
U.798
3,itoi»
-1262/
179
1*
U.71I*
it.Tll*
5^
U.683
U.5l*9
l,ll*8
21*5
1*.798
't.798
591*
U96
6,1*20
6,1*20
5.761
3.212
791*
12.051*
12.051*
296
711*
October.
6,l«o
5.331
November
5.761
5.761
December
12.051*
3.799
19U3-January.
7.U61
l,81l*
5.719
5.58^
135
5.719
2.899
2.819
5.286
3,161*
122
5.286
2.95^
2,331
March
2.696
2,11*7
51*9
2,696
1.1*83
1,213
Treaeury Statement!.
Sxcludee amounts for pu'bllc debt retirement which are
chargeable to the sinking fund, etc., under special
proTlslons of law.
2/
^
136
13"*
February.
"DaXly
821
312
1938.
Source:
1/
Bet
receipts
in trust
accounts.
Increment
on gold,
Comprises trast accotmts, checking accoiints of OoTemment
agencies, etc., increment on gold, seigniorage on silTer,
and miscellaneous funds and accounts . Increment on gold
excludes expenditures for national bank note retirements.
Net budget surplua.
736
U
5
8
..
.
.
8
U
9
6
18
Social Security Program
Section I.- Budget Receipts and Expenditures
Table 1.- Social Security Act
(In millions of dollars)
Receipts
Gross receipts
Less ajnounts credited to
Federal Old-Age and
Survivors Insurance
Trust Fund J/
Social Security taxes
Fiscal year
or month
Federal Injurance
Contributions .4ct
(Old-age insurance)
Federal Unemployment
Taj Act
(Unemployment insurance)
Net
receipts
2/
ig'io
1937
1938
1931
252.2
19'*.3
60U.'4
51U.U
530.U
60U.7
690.6
631.2
712.2
788.2
1,015.6
^9'^'>
nui
19^;
265.0
387.0
503.0
537.7
661.3
868.9
-12.8
2.0
.6
U.l
2.9
36.8
5-2
11.7
3-3
57-8
90.1
100.9
107.5
97-7
119.9
895.
217.'*
128.2
17"*. 5
126.9
11*6.7
igltS-March
U.8
April
May
June
U2.0
213.0
t.7
39-2
203.7
July.
August.
September.
52.2
220.1
U9.l1
2.8
211.7
3.t
8.5
•9
1.2
U3.9
231.1
3-5
2.6
8-7
1.0
1*1.1*
5-1
228.5
1.0
11.2
3-5
37-1
236.7
2.9
13.6
99-0
3.2
.
October.
November
Deceniber
19U3-Januaiy
February
March
.
.
3.7
"•.3
.
1*6.6
.
239-8
i*.5
.
.
50.7
.
335-8
6.1
.
r
201.
9-3
1.0
l.U
5-1
1*7.1
10.7
3-1
209.
15.1*
35-3
100.9
231*.
1.0
5.1
E:q>ecditures
Grants to States
Public
Health
Service
Social Security Board
Administrative
expenses
Fiscal year
or month
War
Old-age
Aid to
Aid to
assist- dependent
the
blind
ance
28.
1936
1937
1938
1939
182.7
332.5
191*0
38U.2
19l'l
1*1*9.
191*2
50i*.i>
15.8
20.0
21.3
25-3
31-5
31.5
lgU2-Harch
31-7
2.8
April
May
June
1*9-5
53-2
11.5
2.6
2-5
July
August
September
78.8
1(
31*3.3
.
.
.
October.
November
December.
.
.
19U3- January
February
March
.
.
.
ii
.6
Office for
Bnergency
Management
Department of Labor
27.8
166.9
271.5
320.3
356.5
U15.2
U59.6
19-7
12U.8
182.2
208.8
22''. 6
2b0.1
299.1
2.0
lU.T
25-5
31.0
1.0
U.6
5-2
1*5.1*
6.2
63.2
7.1
69.
8.0
iJ
28.6
19.9
U.2
U6.6
50.2
28.8
32.6
7-7
6.3
8.7
i*-3
-9
75-9
38.7
1*7.2
21.2
2-5
18.
26.0
11.0
11.5
6.8
2.9
1-3
1*1.7
2.7
2-7
63.2
38.9
60.1
35-2
8.2
36.
21*.
31*.
2.8
2-3
2-7
31.9
2U.9
58.9
29-3
2.6
2.8
U3.U
3-3
56.1
26.3
39-9
Unemployment coopenretion
administration
9.1
1*1.9
58.°
58.3
63.0
70.3
Public
health
work
Maternal
and child
health
services
2.1^
1.0
7-8
8.9
3.1
Services
for
crippled
children
.6
2.1
10.8
1:1
5-5
2.7
3.0
3.3
U.O
11.1*
5.9
l*.0
3.8
8.0
9.I1
3.6
.1
.1
.1
U.U
9-5
3-2
2.9
.8
.8
.8
.2
13.1
3-3
3-5
2.6
1.0
12.1*
2.U
6.1*
.7
2.7
.1*
3.0
2.0
30.9
6.9
-9
10.8
16. i*
l*.l*
.1*
.2
27.2
3-2
.8
1-7
-9
-7
.1
Manpower
Child
Commission
welfare
(U. S.
services Employment
Service)
1.1*
1.5
1.5
1.5
1.6
-5
-3
-3
-5
.2
2-3
-3
-5
.1
.1
of
taxes
_
.2
l.C
.1
.6
Refunds
1.3
3-1
3-8
6.5
Excess
of
expenditures
^
.
.
.
;
19
Social Security Program
(Continued)
-
Section I.- Budget Receipts and Expenditures
-
(Continued)
Table 2.- Railroad Retirement Act
(In nllllona of dollare)
Sxpendlturea
Heeelpts
year
or month
Jlflcal
Carriers Taxing
Act of 1937
AdninletratlTa
expenses
'
Total
1/
1936
1937
1938
1939
I9MO
I9UI
19^S
1-5
iitg.o
136.9
170.0
110.0
123-3
128.2
IU8.5
1-5
2.6
2-9
2.6
3.8
7.6
19l>2-Karch
itl.6
.7
.7
April
May
June
1.2
9.0
32.1
.6
.6
35.0
-5
July
August ....
September
1.0
11.5
36.5
113.2
.6
.7
.7
-5
-5
1.1
8.2
3U.0
-5
la.o
October.
November
December.
.
.
19^3-January.
February.
March
.
Source
.6
SxcesB of
expenditure e
of
2/
tajtes
•3
1.2
1I16.U
107.1
120.7
lUo.o
-a-6
-40.3
31-5
30.9
-8.5
-311.5
112.6
33-5
5
.U
112.2
-10.8
-36.0
32.8
-7.7
-1*2.1*
3U.0
-5
Sl^-S
.7
2-3
-8.7
•
1.1
-1.1
12l4.U
.5
1*2.8
.
Refunds
3
•3
•3
150.1
109-3
Trensfert to
RBllroad Hetlreoent
Account (trust account)
-6.S
-1*1.3
"l.g
Daily Treasury Statements.
Less than $50,000.
1/
Includes only expenditures from appropriations made specifically
2/
for administrative expenses relating to the Railroad Retirement Act.
Covered by appropriations from the General Pond of the Treasury.
Table 3.- Railroad Unemploytnent Insurance Act^
(In millions of dollars)
Receipts
Fiscal year
or month
1936
1937
1938
1939
19MO
Expenditures
Railroad uneoployment
insurance contributions 2/
l*-9
6.8
8.5
191*1
191*2
19l*2-March
April
May
June
July
August.
September.
.
.
.
October.
November.
December.
.
19l*3-January...
February.
March
Total
AdniniBtrative expenses
(Railroad Unemployment
Insurance Administration Toni) 3/
Transfers to Railroad
Unemployment Insurance
Account, Unemployment
Trust Fund k/
Excess of
expenditures
5/
2
..
.
9
9
20
t
/
'\
V
Social Security Program
-
(Continued)
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust
Fund-l/
(CuDul&tlTfl ,froa organliatlon - In nlllloas of dollari)
ZxpAodltorei
B<c<lpte
Snd of fiscal
year or Bonth
1936
1937
1938
1939
19I0
Total
receipt*
267-3
782.7
199-6
792.1
536.8
502.8
191*1
191*2
19l*2-Octol>er..
U, 01*3-1*
December,
1*,
.
-
March
Source:
•
?-
3,812.2
HoTeml}er
19l*3-Jajmary
February.
1/
/
Appropriations by
01*7-7
1*.085.0
1*.
1*,
322.0
325.8
Coo^eae
inreetmenta
265-Q
765.0
1,155.0
1,705.0
2.393.1
3,288.8
2.3
17.7
Total
expenditure e
OId-a««
benefit
parents
87.1
U7.i*
11*3.1
138.6
275-6
5-U
19-3
35.1
99-5
209.8
5."
19.3
1*1*.6
21I.I
1.7l't.7
3.U8I.5
3.698.3
3.688.1
3,1*03-1
3.711.2
3.933.8
3.922.2
330.7
255.1*
31*5-1
359-6
267.3
279.3
75-2
77-7
80.3
3,868.9
U. 105.7
U.108-5
216-I
216.3
217.3
373-8
388.2
I03.6
291.7
30U.3
317.9
82.1
83.9
85.7
2,397.6
3.227.2
In Oeneral
In dlaburtln^
fond
offlear'i
aocoant
267.1
662.3
1.177.2
1.738.1
2,380.6
3,201.6
12.3
39.1
65-9
215.0
215.1
215.9
2/
Inreatmente
267.2
777.2
1,180.3
3.597-2
3.828.3
3,831.8
Dally Treasury StateaentB.
LeBB than $50,000Include* tranaactloua effected under the {vedeceaeor
Old-A^e fiaaerre Account.
tbiezpandad balaae*
Ba labor aeoent
for
adalnlatratlTe
ezpanaaa 2/
.1
.1
113.0
1-9
.1
3.0
6.1
10.8
d
5-2
20.1*
31.5
29-5
3,655-''
U6.9
275-7
5.3
3, 6U5.it
1*0.8
25-0
3,632-1*
276.0
25-1*
3,893-0
l*.l*
21.8
3,393-1
27.1*
Section 201 it) of the Social Secnrlty Act anendiBente
of 1939.
tfoder
Table 2«- Railroad Retirement Act
(CusolatlTe from orgaaliatlon - In llllone of doUare]
Baoelpt*
End of flaoal
year or aonth
Dnej^audjed balanoa
Total
receipt*
1*6.6
1936
1937
1938
1339
19I0
191*1
19I2
19l*2-0ctober.
SoTember.
December
19l*3-January.
february.
March
Source:
•
IxpendltTire*
Appropriation*
by Con^***
Interaet on
inreetaant*
1*6.6
1*6.6
1*6.6
11*7.?
11*6.5
268.1
390.8
261.8
381* .9
506.9
650-9
198.5
639-1
1:2
11.6
S65.9
866.1
866.2
85U.2
85U.2
11-8
11-9
12.1
866.1*
851*.
866-6
866.9
85U.2
12.3
12.5
12.7
851*.
851*.
Baa* fit
pajBent*
InTe*tBantB
Toad
k.Q
79.8
185.6
298.7
U19.9
51*6.1
68.1
82.7
92.1
87.0
10U.8
66.2
67.2
79-1
7I.0
91-5
589-2
599.9
610-7
276-7
266.2
255-6
196.0
621.5
21*1*.
223.1
Iblly Treasury Statements.
Less than $50,000.
Table 3.- Unemployment Trust Fund
u
6.0
1.6
2-3
1-8
10.;
11-7
68.9
68.8
68.9
11.9
12.3
12-7
31*.
13.0
31*.
12.1*
3I-9
12.5
36.6
1*2.6
23't-3
In dlBtaralnc
offloar'* acooQBt
1*6.6
1*6.6
l.U
3.6
In Oenaral
185-
17I.O
197.0
187-0
-0
.0
176.0
.2
13.2
10.8
21
Cash Income and Outgo of the Treaaury, by Major Classifications^
(In Billions of dollnri)
22
CASH INCOME AND OUTGO OF THE TREASURY
1943
JMWJSNJ^AMJSNJMMJSNJ^A^AJSNJMMJSNJMMJSN
GENERAL
FUND
OF
23
THE
TREASURY
... .. ..
.
.
,
.
2k
Assets of the General Fund of the Treasury
(In Bllllona of dollars)
Bullion, coin,
and currency
End of fiBcal
year or month
DepoaltB In
Federal
Beeerre Banka
other
deposits
and
collectlona
Special deposits
account of sales
of Oove.nmont
securities
97
118
862
lUl
837
I.85U
799
1.150
eu9
31
37
55
929
1.022
25U
1,02U
603
611
776
805
661
1,679
52
95
105
IU3
265
3.857
525
2.231
211
April.
May...
June.
3,2i6
900
897
522
382
603
1.579
1.666
1.679
226
250
265
92S
907
909
553-
289
569
1,880
338
1,021
2,1*11
3'*7
September
3.782
3.695
4,688
2,011*
July
October.
NoTember.
December
5.313
3.557
11.032
931
915
863
619
512
390
"35
1,516
3.373
1.695
8,166
W5
6.367
623
6U3
2,691*
511
509
550
1933.
193''-
19351936.
1937.
1.103
3.033
18U
I.0U5
2, 016
l.oUl)
2.936
2.709
865
1.863
827
2.U19
3.087
2.038
2.812
19381939.
19110.
19IU.
I9k2.
1,19'»
871*
9SU
897
3.'"»3
19l«-March.
Au^et ....
Source:
889
8,200
19U3-Jamiary.
Jebruary.
Hareh
51
857
872
871
*..758
58
55
1*87
Dally Treasury Statements.
Balance In the General Fund of the Treasury
<In
of fiscal
year or month
lind
193"*
.
1935
1936
1937
Total
liabilities
Total
assets
1933
1.103
3.033
2,016
2.936
2.709
millions of dollars)
.
Balance
Analysis of balance In the Oeneral Fund 1/
in the
Oeneral
Fund
balance
21*0
862
1*51
.582
,8Ul
,682
175
251*
Xorlcliig
Seigniorage
on sllTer
Increment
on gold
862
1.771
1,001
2.069
2,000
140
316
356
TOO
297
198
811
156
.553
2.1*19
203
2.a6
21*8
191*1
3.087
2,03s
2,812
19U2
3.'ti*3
179
U52
2.838
1.891
2.633
2.991
1.622
2, 160
1.163
1.885
2.229
446
536
585
605
619
147
142
143
1H3
143
19l*2-Harch
3.857
365
3.1*93
2.732
618
11*3
April
May
June
3.a6
365
386
3.W3
i*52
2,851
2,812
2,991
2,089
2.050
2.229
618
619
619
11*3
3.198
U
3.288
2.525
2.392
3.540
619
619
619
144
144
1938
1939
19U0
11*7
143
153
July
AuguBt
September
3.782
3.695
October.
November
December.
5.313
3.557
11.032
U16
4,896
3,082
10.543
4.131*
1*89
2.320
9.780
619
619
619
144
144
144
8,200
5.895
5.758
>»77
7.72'*
503
579
5.392
5.179
6,961
4.630
3,4l6
619
619
619
144
144
144
.
. .
.
.
19l*3-January.
February.
March
Source:
1/
It,
688
Dally Treasury Statements.
In the fiscal yeara 1935 ^"d I936. $91 millions and
$554 millions, respectively, were transferred from Increment on gold to the worldng balance for retirement of
national bank notea. In this statement, hovever, charges
t
386
'*75
3.15"*
4,302
for retirement of national bank notes are reflected
against Increment on gold in the years during which
were actually made. Inactive gold in the amount of
for the fiscal year 1937 is considered as a part of
balance
directly
the retirements
$1,087 millions
the working
.
.
.
25
Analysis of Change In Balance of General Fund of the Treasury
\_ln
Bllllona of dollars - Sot Incroaao or not doeroaao (-)j
Vorldttc balanca
Total
Change dorlae fiseid
7ear or aonth
chan^ In
General
fond
balaaco
Total
working
balance
General
and
•pedal
acconnta 1/
Public
Imat
debt
acconnta 2/ accomtB
^
Waeel-
Checking
laneooB
funds and
accounts
accountfl of
y
etc.
Seigniorage
GoTemnent
a^nciea,
Incr«Dent
OB
gold 5/
1933-
IA5
1*5
-1.78U
3.052
-5
-818
193'*-
1.720
908
-2.896
It.SlU
2l|
-73't
1935-
-7'H
-769 6/
-3.209
1.739 1/
64
637
l4o
-111 6/
1936-
gllO
1.067 6/
-"t.550
5,1<75I/
3U
108
176
-1*03 6/
1937-
-128
-70
-3.1'*9
2.7't6l/
19
31't
llO
-99
1938.
-33«
-377
-1.38U
792 2/
11
204
90
-51
-5
811
1939-
622
537
-3.5^2
3.280 2/
29
768
90
19I40.
-9U7
-997
-3.611
2.528
37
3U
49
19'H.
7'>2
722
-5.103
5.9911
37
-217
20
19't2.
358
3ltlt
-19.598
23.lt6l
66
-3.625
14
igte-Harch.
-69
-70
126
-61»2
-6U3
-3.058
MS7...
-39
-39
-3.391
June.
179
179
-2.037
3,852
April
-172
-75
2.542
47
15
-189
3,609
181
-9
-430
-205
-14
-1.417
39
296
296
-4,lii3
't,71l»
55
20
-78
Au^^t ....
-13"
-13U
-U,628
i*,5l(9
197
10
-262
September.
1,1'tS
i.litg
-3,li-ol*
4.798
-227
6
-25
-583
Juljr
October.
59U
59U
-5.331
6.U20
60
27
HcTember.
-l.BlU
-l.glU
-5.761
3.212
274
13
449
December.
7.'^1
7.U61
-3,799
12.05U
-290
44
-548
-2.819
-2,819
-5,58U
2,899
24
27
-186
February.
-2,331
-2.331
-5.16U
2.954
222
26
-370
March
-1.213
-1,213
-2,11*7
1.483
-260
11
-300
19113-Janoary.
Source:
•
1/
2/
^
Daily Treasury Statementa.
Lees thaa $500,000.
This is the net budget deficit, Sxcludes amountfl for
public debt retirement which are chargeable to the sinking fund, etc., under special proTlslone of lav.
Thie represent R the increase In the g^oss public debt,
except as noted.
(See footnote jj .)
Includes Federal Old-A^ and SurviTora Insurance Ihrust
Fund, TAiemploynent Trust Fond. Hallroad Eetlrement
Account Government insurance and retirement funds and
other trust funds.
Comprises Public Works Administration rerolrlng ftind
and special deposits (net). Also Includes Agrl cultural Marketing Administration commodity food stamp
transactions.
Includes e3Q)caidlture8 for retirement of national bank
notes.
,
U/
^
6/
jJ
In the fiscal years 1935 and 1936, $91 millions and $551* mllllonfl
were transferred from Increment on gold to the working balance
for retirestent of national bank notes.
In this statement, however, charges for retirement of national bank notes are reflected
directly against increment on gold, in the years during which the
retirements were actually made. Inactive gold in the amount of
$1,0S7 milllonB for the fiscal year 1937 is considered as a part
of the working balance general end special accounts for the purpose of this table.
Xxpendituree for the retirement of national bank notes from increment on gold for the fiscal years 1935 to 1939 (as shown below)
are not reflected herein, but are reflected under Increment on
gold as follows:
I935 - $91 millions. I936 - $397 milllonB.
1937 - $99 milllone, 1938 - $51 millions, and I939 - $5 millions,
total - $6^5 millions.
The increases in the public debt ehown In
the table Means of Financing Cash Requirements for the above
fiscal years will not agree for the reason stated above.
PUBLIC
DEBT
OUTSTANDING
-26-
.
S7
Statement of the Public Debt and Guaranteed Obligations Outstanding
(In millions of dollara)
Znd of flecal year
£nd of month
19U3
1931*
1933
1936
1935
1938
1937
191*0
1939
191*2
191*1
Kar.
Jan.
SeeurltlOB Issued by the United Statea
Interest-lJearlng debt:
Public issues:
Marketable issues
Treasury ti lis
Certificates of indebtedness
Treasury notes
Treasury bonds
Other bonds
Total marketable issues
5.216
9.007
l.UoU
1,517
6,653
9,333
7.177
a,83i*
26.ogU
951*
2.108
It. 51*8
Non-marketable issues
U. S. savings bonds
Treasury notes - tax series
Adjusted service bonds
Depositary bonds
2.053
2,35^
2.303
1.151*
1,308
1.302
1,603
10.617
19,936
198
9,11*7
21,81*6
7.21*3
2,190
11.381
17,168
200
197
25,218
196
6.383
26,555
196
5,69s
30,215
196
2,508
3,096
6,689
38.085
196
7,1*23
10,71*1
10,023
26.950
31,102
33,051*
32,31*1*
33,965
3"*. 1*36
37,713
62
316
800
1.23s
1.868
2.905
't,3ii*
91*5
389
319
283
261
2U1
12,6Sl*
62
Total non-marketable issues
Total public issues
21,831*
Special issues:
Adjusted Service Certificate Slmd
Federal Deposit Insurance Corporation..
Federal Old-A^ and Survivors Insurance Trust Fund
Federal Savings and Loan Insurance
Corporation
Qovernment Life Insurance l\ind
Government Betlrement JVmds
National Service Life Insurance Fund...
Postal Savings Systems
Railroad Hetirement Account
Unemployment Truet Fund
Total special Issues
92
Matured debt on which Interest has ceased..
Debt bearing no Interest:
United States savings stamps
United States notes (lees gold reserve)..
Deposits for retirement of national bank
and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt outstending
1.261
1.556
27,012
32,363
31*. 21*2
156
100
127
100
95
231
21*3
35
33,900
38
267
662
2.151
3.166
8.232
11,161
9.863
11,161
9,797
1*9.273
1*9.273
"•9,273
196
196
196
50,573
77.''96
78,726
79.662
10,188
3.015
229
16.21*6
17.067
7,125
22U
17.891
79
137
'•.555
13.510
23.356
1*2.267
6U,083
396
6,7'*9
221*
6,31*6
223
162
11*1*
21*,
560
21*.
622
100.852 103,286 loU.asi*
37.602
20
101
11
19
18
19
19
56
90
95
95
155
18
178
1.177
1,738
2,381
3.135
3.1*52
3.1*39
3.700
5
5
7
7
7
531
656
537
796
533
978
198
187
3.880
539
991
233
260
176
3.902
9,565
537
253
500
316
523
280
396
1*73
559
125
100
30
1*5
128
39
56
92
312
f
71*
19
1.267
97
79
1.710
88
66
872
2.273
3,111*
530
969
170
107
197
3,627
626
1.558
2,676
3.770
l*.775
6,120
7,885
9.172
633
9,231*
36.116
521*
3
323
Total interest-bearing debt
26.0gl*
9,863
169
110,021* 112,851
10,001*
111*.
287
22,158
26,1*80
27,61*5
32.989
35.800
36.576
39.886
1*2,376
1*8,387
71,968
66
5^
231
169
119
11*1
ll*2
205
205
98
75
191
191
191
191
191
191
191
191
191
225
191
221*
191
119
322
629
l*2l*
310
252
215
51*9
5
5
5
5
5
5
190
6
173
5
315
518
825
620
506
1*U7
1*11
386
22.539
27.053
28,701
33,779
36,1*25
37.165
1*0,1*1*0
206
312
1.226
1,1*2;
1,1*22
1,1*10
206
1,379
1,269
1
3
111*
llU
226
111*
111*
111*
131*
2,61*7
3,01*1*
2.937
2,603
1,096
2,1*09
1.533
1.533
1?2
1.533
971
U.196
1*.272
89
191
226
191
672
708
'n
6
369
356
970
1.093
1.130
1*2.968
1*8,961
72.1*22
111,069
lll*,02l*
115.507
1*07
696
1,269
701
930
701
930
701
930
701
930
6
Securities guarsnteed by the United States 1/
Interest-bearing debt:
Public issues:
Marketable Iseues
Commodity Credit Corporation
Federal Farm Mortgage Corporation...
Federal Housing Administration
Federal Public Housing Authority....
Home Owners' Loan Corporation
Reconstruction Finance Corporation.
Total marketable issues.
8
17
21
21
235
250
252
299
2,928
820
1,71*1
1.563
1,219
681
1*,123
1*,718
,665
'',853
5.1*50
5.1*98
6,360
l*.5l*9
U.196
81
79
78
681
1*,123
U,718
'.665
1*.853
5.'»50
5,1*98
6.360
U.5i*9
'*.277
i*.275
"t.SSO
1
31
11
20
ll*
12
11
291
1*,287
U.360
Non-icarketable issues
Commodity Credit Corporation 2/..
Total interest-bearing debt
Matured debt on which interest has ceased.
Total securities outstanding guaranteed
by tlie United States
22
2,987
255
681
11,123
1*.718
U.665
l*.853
5.'*51
5.529
6.370
U.568
It,
111*,
Total public debt and "guaranteed
obligations 1/
Interest-bearing debt
Matured debt and debt bearing no Intereet..
22,158
381
27,161
573
31.768
1.056
37,707
790
1*0,1*65
1*1.1*28
1*5,336
1*7.871*
5'*.7l*7
76.517
625
589
55|*
622
585
1*71*
301 117.126 118. 637
1.230
1,060
1.185
Total outstanding
22,539
27,731*
32,821*
38.1*97
1*1,089
1*2,018
1*5.890
1*8,1*96
?^.332
76,991
115.361 118,311 119,867
-
Source;
•
1/
2/
Dally Treasury Statemente.
Lees than $500,000.
Excludes guaranteed securities which were sold directly to the Treasury. Consists
only of securities guaranteed by the United States as to both principal and Interest.
Demand obligations.
.
6
6
. .
..,.
.
7
6
7
1
zs
Composition of the Interest-Searing Public Debt
IiLter«at-l>«arlD«; paltllc debt outstaadlilg l/
Pareant of Intarast-tiearlng pabllc dabt
(In aiXliona of dollarB)
Xad of fiflcal year
or Bonth
Bills and
cortificatas
of
Total
Bllla and
eartlflcatat
Spool al
la anas
of
indabtadneaa
IndelitediieBi
22.15«
36,480
1933.
193U.
19351936.
1937-
32.989
35.800
1938.
1939
36.576
39.886
27.
as
Spaolal
laauaa
323
396
633
626
1.55»
100.0
100.0
100.0
100.0
100.0
6U.2
2.676
3.770
20.5
25.1
36.3
3U.5
29.7
13.8
11.0
1-5
1-5
7.1*
u
2.3
1.9
H.3
e*.5
69.1
70.6
72.3
67.8
25.0
18.2
15.1
9.5
11.3
12.6
11.0
10.617
3.063
2.921
2.053
2.3?i
2.303
9.1'»7
1,15>*
7.2^3
6.3<3
5.698
9.703
1.308
1.302
1,603
i*.775
;.6o>*
7,M5
100.0
100.0
100.0
100.0
100.0
13."*
3.2
3.3
3-1
3.3
7.8
72.1*
13.1
2.7
U.8
5.1*
11.1*
5-5
7.8
11.0
11.0
10.6
10.2
9.9
l'»,223
>*.5H«
16,510
1U,936
18.628
21,322
6,653
10,023
U,381
62.1*
5U.0
56.5
5J.5
7.3
191*0.
't2.376
19>*1.
'•«.387
19U2.
71.968
igHS-March.
61.9U0
lA,8l»7
8.107
1.652
7.333
100.0
April.
6l*,i*96
68,108
71.968
8.315
8.670
9.703
3,1*60
M»or...
1*5.363
1*8,157
1*8,776
3,761*
5.60I*
7.35s
7.518
7.885
100.0
100.0
100.0
70.3
70.8
67.8
12.9
12.7
6.759
8.873
10.829
8.125
8,262
8.509
100.0
100.0
100.0
67.5
66.1
13.1
12.8
63.1*
11*.
8.8
10.9
12.6
11.336
12.882
17.161
8.585
8.787
9.032
100.0
100.0
100.0
62.1
60.8
60.5
16.3
16.5
15.1
12.3
13.5
16.0
9.3
9.2
18,163
19,393
20.396
9.172
100.0
100.0
100.0
60.1
59.2
59-3
15.1
15.1
iS.i
16.5
17.2
17.8
8.3
8.5
8.8
June.
July
August
September.
.
76.69t
81.2W(
51.765
53,680
5U.U13
10,01*6
10.1*28
October.
November
December
.
92.265
.
57.285
57.991
15.059
15,798
.
107. 308
6i*,e68
16. 21*7
.
110, 02U
.
112,851
66,076
66,905
l6,6l2
16,988
lllt,287
67.7'*5
l6,li*3
.
.
19U3-January.
February
March
Source:
1/
12,095
6,120
10 '.00ft
U.(
13.U
8.1*
Itsdly Treaeory Statements.
Boee not Include Qecurltlee Iseued by Tedaral a^ncles and
guaranteed by the United States.
Public Debt Receipts and Expenditures
(In Dllllona of dollare)
Izpcnditures
fiaoelpts
Tlsoal year
or month
Public Iseaea
Total
9.589.''
9.392.0
9.160.9
5.715.9
8.958.0
6,198.6
9.620.8
l».775.8
9.697.1
13.583.0
13.125.5
1933
193!*
1935
1936
1937
ll*,120.8
1938
1939
19U0
Speoial
issues
Adjusted
Cash
13. 083.
7,'»75.1
serrloe
bonds
Ixohanges
Cash
305.0
263.7
445.9
i>io.6
1.751.'»
1,4918.9
6,9't3.3
12.8
6.6
2.673.8
3.034.9
2.812.0
2.158.5
2,567.1
8,880.7
9.808.8
10,637.6
s.iiti.e
4!240.8
5,876.2
U.f52.8
13,165.6
191*1
17,81*6.7
10.1*62.1
8
2
37.16H.3
30,690.9
1.
596.0
5.9
19l*2-March
1.593.1*
1,1*03.0
190.4
April
May
June
3.116.1*
3,051.3
1*. 119.1
6U.9
iluly
300.0
9.210.9
7.929.1*
15.61*3.1
7,806.9
6.506.5
15.369.8
19-7
.
5.078.1
6.982.6
20,501.6
6.566.5
20,033.8
Daily Treasury Statements.
Less than $50,000.
1.507.6
47.0
38.8
533.7
40.6
20.7
3.629.2
.542.0
,609.3
,851.8
28.7
56.1
1.462.2
3.496.8
3.560.3
.
Source:
1.5?*.
1.509.0
3.517.9
3.589-0
October.
HoTember .
December
February
March. ...
2.673.8
3.034.9
2,812.0
3.141.6
996.0
102.7
223.3
273.2
1*8.6
19l*3-January..
13.703.3
5,166.0
5.301.0
5.«79-8
5.(15.6
8.996.1
9,043.2
534.6
973.2
3.278.6
7.829.7
1*.
898.1*
179-7
416.0
U67.7
4,514.5
1.647.8
5.077.7
2.646.1
6.9637
563.2
1.029.3
3.370.0
8.168.1*
5, 381*.
3.0^.7
4.305.1
5.?*2-0
4,625.0
11. 477.
268.5
193.7
290.0
5,008.1*
290.8
190.6
208.8
523-0
567.0
4.158.5
3.996.4
5.277.0
5.578.3
iTffhanges
6.354.6
5.2li*.i*
180.
ef
receipts
1*.719.5
574.4
690.7
5.359.0
August
September
6.729.9
6.6U5.4
9,068.5
1,668.8
191*2
1*.
Speoial
issues
4,158.5
6,963.7
2.978.2
7, 191*. It
Ixoees
Public issues
2,178.7
4,028.2
19. 018.
670.0
1.729-8
2,139-8
4,005.1
18. 989.1
2.978.2
I.75I.U
1,040.8
1.472.9
2.145.8
2,895-6
4,U1.3
740.1
3.27'*.«
2.528.0
5.993.9
23,451.0
48.6
42.8
.713.7
.549.0
,798.4
19.7
27.2
21.2
28.7
3.211.9
12.054.1
38.9
23-0
29-5
2,899.4
2,954.4
1,483.0
,420.3
29
CO
Q
y
CD
a.
O
<
IxJ
CO
to oj
UJ
z
-
5^
go
Z
LU
o: ixi
UJ I-
O<
<
3
t/)
CO
Li_
^
30
Statement of the Debt Position of the United States Government under Limitations
Imposed by Section 21 of the Second Liberty Bond Act, as amended
As of March 31, 1943
$125,000,000,000
Total face amount which nay he outstanding at any one time
Face amount outEtanding as of March 31, 19^3
=
Interest-hearing securitiee
Bonds
$1*9,273,1*65.650
Treasury
21,987,015,500
SaTlnge (maturity value) 1/
Depositary
l62,06l,000
Adjusted Service
723,378,807
$72,11*5.920,957
Total bonds
Treasury notes
21,725.677.950
Certificates of indebtedness
15,081, 672.000
9,231*, 1*28, 000
Treasury bills (maturity value)
$118,187,698,907
Total Interest-bearing securities
80.625,700
Matured obligations on which Interest has ceased
226,215.830
Debt bearing no interest (United States savings stamps)
118.'*9'*,
Total face amount of securities outstanding
Total amount of authorization unused as of March 31,
$
191*3
y*0,^37
6.505,1*59,563
Approximate maturity value. The current redemption value of
United States savings bonds amounted to $17,890,700,839 on
March 31, I9U3.
1/
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as amended,
With the Gross Public Debt of the United States as Shown in the Daily Treasury Statement
As of March 31, 1943
firoBs
public debt outstanding
$115,506,655,063
Total face amount of securities outstanding limited by Section 21
of the Second Liberty Bond Act. as amended
$llg,li9U, 5^,1+37
Unearned discount on savings bonds (difference between
maturity value and current redemption value)
Less:
1*,
096,31 l*,66l
$lllt,398.225,776
Add:
Securities outstanding not subject to limitation under Section 21:
Interest-bearing securities
Matured obligations on which interest has ceased
Debt bearing no Interest
$
,.
195,960.1*20
8,373,100
9Ol*.095,767
'-
'-
1,108,1*29,287
Gross public debt outstanding
$115,506,655,063
31
Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing
Public Debt and Guaranteed Obligations
(In millions of dollare)
End of fiBcal
year or month
...
.
.
.
32
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States J/
As of March 31, 1943
(In
lllleu
of AslUrs)
fiotailod
Callablo ItfuOB
olaaeiflod
y*T of:
Tsar
^
SBseriptton of ••earlty 2/
and
month
aatnrlt/
lanaa
19'»3.
fTeaBury bille
T
000 note
j/ki
Certificates of
.65)5
IndebtednsBB C
l-l/8)i Treasury note A
3-3/g^ Treasury bond
T
l-l/gjJ ETC note
7/gjt
Certificates of
Indebtedneae B
Treasury note C
lit
3-l/ltj6 Treasury bond
7/g)S
Certificates of
indebtadnese D
7/g)S
Certificates of
indebtednesB £
l-l/8i6 TreaBUiy note B
•
May..
May..
June.
Juna.
July.
Sept.
Oct..
Bov..
Dsc.
Dec.
Mar..
Mar..
Apr..
Apr.
May..
Kay..
June.
Sept.
Sept.
Dec.
1)6
1-1/g*
3/U*
Jteb..
Kar..
Mar..
June.
Sept.
Oct..
l-l/V)!
1-1/2)6
2-3/1.*
3-l/ti6
z-xlsi
Dec.
Dec.
•
6/15A3....
6/i5/l»3-l*7.
.
-
•
7/15A3....
324
g/l/U3....
1,609
9/15A5....
279
1,1*01
10/15/1*3-1*5.
-
11/1/1*3....
2.035
3,800
12/1/1*3.
12/15/1*3.
IMA
4a
.
•
2/1/UU
114
2/1/1*4
2,211
515
3/15/*
3/15M-6I*..,
l*/l5/l»it
.
5/l/l*l*-52.
•
3)6
2/15/1*5
3/1 S/"*?
6/1/1*5-1*7...
1*
.
3-3/456
3-I/45S
June.
Juna.
Dec.
3*
3-l/g)6
1-1/2*
1/1/1*6....
3/l5/l*6....
Juna.
Sept.
Oct..
Dec.
'
1/1/47....
6/1/45-47.
Juna.
June,
Sept.
Dec.
bond
bond
bond
bond
bond
bond
19U9-May..
Juna.
June.
Sept.
Dec.
Dec.
Dec.
3*
3-1/5*
2*
2*
3-l/g*
2-1/2*
2*
bond
Treasury bond
Treasury bond
Treasury bond
Treasury bond
Treasury bond
Treasury bond
6/15/U9-51.
9/15/U9-51.
12/15/49-52.
12/15/49-53.
12/15/49-51.
.
Dec
2*
2*
2-1/2*
2*
Total
2.344
13
Treasury
Treasury
Treasury
Treasury
3/l5/'W-50.
3/15/50-52.
9/15/50-52.
12/15/48-50.
4.549
6.682
1.654
3.1^
1.687
1.214
799
701
759
1.969
1.115
1.223
1.036
3.062
451
571
2.910
1.036
835
6/15/46-1*9.
819
1.014
1,292
491
1.786
2.098
6,682
bond
bond
bond
bond
1.519
755"
5/15/44-49.
Total
1950-Mar..
Mar.
Sept.
6.423
3.261
3.513
rmC
2.6S3
1.519
819
6/l5/464g.
Total
1.473
5.
1,036
3/15/43-50.
3/l5/4«-51.
6/l5/4«....
9/15/48....
12/l5/4«-50.
1.401
4S9
7lt
Treasury
2-3A* Treasury
3*^
Treasury
1-3/4* Treasury
2-1/2* Treasury
Treasury
2*
2*
1.969
16
503
9/15/1*5-47.
10/15/47-52.
12/15/47....
Total
igUg-Mar..
Mar..
531
3.780
OonTerslon bond
3*
M
1-1/2* HOLO bond
2-3A* Treasury bond
4-1/4* Treasury bond
Treasury bond
2*
5.299
541
3/15/46-56.
6/l5/46-4g.
6/15/46-49
12/15/46
6.124
1,401
•
l*/l5/lil^46.
Total
191*7 -Jan.
•
12/15/45
(Hat. Defense
12/15/45
'
5,284
755
1.214
9/15/U5-47...
•
4.264
75
412
718
1,606
3,883
Conversion bond
Treasury note A
Treasury bond
Treasury bond
Treasury bond
Treasury bond
Treasury note B
852
1,037
3/15/U5
Series)
4,745
635
.
l/l/itS
10/15/1*3-^5.
9,009
835
416
283
4.745
BTC note
X-A
CCC note
Treasury note A
Treasury note C
M
HOW bond
Treasury bond
Treasury bond
Treasury bond
Treasury note 3
20.582
1.519
779
•
e/is/ut
9/15/W*
(Hat. Defense
9/1 5/W*
12/l5/l*lt-5l*.
21,983
95
5/l5/l*l,-i*9...
-
1,401
571
I*/15/1*1;-1*6,..
Total
igUS-Jan..
Mar.
Mar..
Apr.
of final aatiirltr
289
Total..
igUj-Jan.
rtil&l
latnrltx
TlxadHnatnrlty
1 Sanaa plus
eallabls issoas
elsaslfiad by Tear
1,506
20,582
B
note
Oertlflcatea of
7/8i6
indebtedness A
Treasury note B
1*
i-lM F5MC bond
W
EJC note
"•*
.
J-l/"** Treasury bond
HOLC bend
A
3)6
rmo bond
3*
3/l»*
Treasury note A
Treasury note
li
Treasury note D
Series)
Treasury bond
1-3/g^
19lt4-Feb..
Feb..
rirat
sail
Total anmial aatnrltlaa
Tlxad-aatnrlty
lisuaa plUB
caLllablo lasoaa
elaaalfiad b/ Tvar
of fir at call
9.23>»
5/1A3.-..
Total
L
annul Batarltloa
1.654
1.115
1.963
1.186
571
3.149
(Continued on following page)
1.687
.
.
.
33
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of March 31, 1043
(Continued)
-
(In mllliona of dollar*)
D«tallad wnnnal aaturltlea
Tear
and
Bontb
1951-Mar.
June.
Jane.
Sept.
Sept.
Dec.
Seo..
Dec..
riiad.
DaBcrlption of secnrlty 2/
iBBuei
2-3 /U^ Treasury bond
2%
Treasury bond
2-3/^/6 Treasury bond
Treasury
3?t
Treasury
2-l/U^ Treasury
Treasury
2^
Treasury
2^
2^
bond
bond
bond
bond
bond
3/15/Ug-51.
6/15/U9-51.
6/15/51-5^.
Mar..
May..
June.
Sept.
Oct..
Dec..
9/15/51-55.
12/15/51-53.
12/15/51-55.
Treasury bond
HOLC bond
3^
2-l/U# Treasury bond
2-1/2^ Treasury bond
U-l/l*5t Treasury bond
3-1 /85t Treasury bond
2^
Treasury bond
2^
Dec.
Dec.
2-1/256 Treasury bond
195U-Har.
June.
June.
2-1/2^ Treasury bond
2-3/U^ Treasiiry bond
2-1 /Ujt Treasury bond
U56
Treasury bond
3/15/52-5^.
3/15/50-52.
5/l/Wt-52.
6/15/52-55.
9/15/50-52.
10/15/U7-52.
12/15/U9-52.
2-l/M Treasury bond
6/15/53-55.
12/15/^9-53.
12/15/51-53.
Total
Dec.
3/15/52-5't.
6/15/51-5^.
6/l5/5it-56.
12/15/W.5U.
Total.
1955-Mar.
June.
June.
Sept.
Dec.
1956-l(ar.
Mar..
June.
Sept.
2-7/8^ Treaeury bond
2-l/U)f Treasury bond
Treasury bond
2^
Treas\iry bond
3J(
Treasury
bond
2>
3/15/55-60.
6/15/52-55.
6/15/53-55.
9/15/51-55.
12/15/51-55.
3-3/^?' Treasury bond
2-l/2)t Treasury bond
2-l/^?6 Treasury bond
3/15/56-58.
Treasury bond
9/15/56-59.
2-1/2* Treasury bond
2-3 /U* Treasury bond
3/15/56-58.
6/15/58-63.
2-3/^*1^
3/15/'»6-56.
6/15/5't-56.
Total.
195?
195«-Har..
June.
Total
1959-Sept.
2-3/**>i
Treasury bond
9/15/56-59.
1960-Mar.
2-7/8* Treasury bond
2-3/"* Treasury bond
3/15/55-60.
12/15/60-65.
Dec.
Total.,
Panana Canal
bond
1961-Jane.
3*
19^2. June.
2-1/2* Treasury bond
1963-Jun«.
2-3A* Treasury
Dec.
bond
2-1/2* Treasury bond
'
6/1/61....
6/15/62-67.
6/15/58-63.
12/15/63-68.
Total.
19e»-Mar.
1965 -Dec.
3-lA* ITMO bond
2-3A* Treasury bond
12/15/60-65.
2-1/2* Treasiiry bond
2-1/2* Treasury bond
6/15/62-67.
9/15/67-72.
:
'
3/l5/Ui-6't.
1966
1967-June.
Sept.
Total
1968-Dec.
2-1/2* Treasury bond
12/15/63-68.
2-1/2* Treasury bond
9/15/67-72.
1969
1970
1971
1972-Sept.
1.223
l.OW
1.292
755
1,118
510
'1,011
2-1/2!^ Treasury bond
rin&l
naturity
1,627
12/15/'»9/51.
Total
1953- June.
First
call
9/15/>»9-51.
Total
195S-llar.
aturlty
Callable Isinea
classified by year oft
1.02lt
1.501
Total aninial aaturltles
71xed-mattirlty
71zed-aaturity
Issues plus
Issues plus
callable issues
callable issues
classified by year classified by year
of first call
of final Baturity
3»^
Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness
Since January
1,
1939
II
35
Offerings and Maturities of Treasury Bills, Beginning March
1,
ld42
Data on new Issuea
Date of
new issue
or of
maturity of
old lesue
I9't2-Mar.
Bide accepted
Maturity
date
Huniber of
days to
maturity
Amount of cash
eubecriptione
tendered
Arerago
price
per hundred
Amount of
Squivalent
average
rate 1/
mat\irln£
iesue
Total bills
outstanding
(as of date
sbovn in
first column)
2
...
..
1
36
Sales of United States Savings Bonds
Table 1.- Summary, by Series
(In Billions of dollar*)
JLnalysls of net eban^e
fiscal year
or aonth
Aaonnt
outstaodlnc
end of
fiscal year
or aonth l/
lot
change
daring
fiscal jear
or aonth
Bedeaptlons
Orosa sales
Total
fonds
received
Adjustaent
of sales
reported
to funds
reoelTed 2/
Sales
reported
IceroAl
of
redeaptlon
Talaes
Total
2/
Oriel sal
purchase
price
y
All series U/
1935
1936
1937
1938
1939
62.0
316.1
799.6
1.237.7
1,868.1
19110
19111
19I12
10,188.2
2,90't.7
l»,3lU.o
1183.5
+U3«,0
62.6
26U.O
512.6
62.6
26U,0
512.6
1*87.5
1*87.5
630.5
1,036.6
68U.5
1.108.7
1,'«)9.3
5,87''. 2
5. 991*. I
68U.5
1,108.7
1.557.5
6,006.9
+62.0
25'!. 1
1,1*92.1*
-65.1
-12.8
.5
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
IIU.3
lUg.l
.5
11.
65.0
87.5
207.1*
35.9
65.6
80.0
110.8
IU2.8
200.9
1*2.1
igltS-Mareh
8.U35.9
+5^.5
557.9
37.7
520.3
6.6
22.0
21.1*
April
8,951.0
+515.1
530.5
-3.2
533-8
5.9
21.3
20.7
»ta7
9.569.0
+€l«.0
63l*.l*
+16.0
618.U
5.8
22.1
21.6
Jnne
10,188.2
+619.2
633.9
+5.8
628.2
8.0
22.B
22.3
July
11,077.8
+«89.7
900.9
-3.3
90U.2
1U.3
25.5
25.0
iu^st ....
U,751.8
+673.3
697.3
+87 .3
669.9
8.2
32.2
31.6
September
12,U7g.g
+727-6
75^.7
-72.7 r
827.1* r
7.2
3U.3
33.7
Octoher...
13,380.8
+902.0
935.0
+130.7 r
80l*.3 r
7.2
1*0.1
39.6
HoTamher.
111,078.9
+698.0
73i*.6
+8.5 r
726.1 r
6.7
T»3.2
U2.7
Dscemher .
15.01*9.8
+970.9
-83-9 p
1.03B.1 r
11.1*
5^.7
5^.2
16,2U6.1
+1.196.3
1,2'*0.U
+7.2 p
1,233.2 r
18.8
63.0
Vsbroary..
17.067.5
+821.1*
887.2
16.3
870.9
10.5
76.U
5/
March
17.890.7
+823.2
9101.3
6.7
131.2
5/
19U3-Jamar7.
.
1939
62.0
316.1
799.6
1.237.7
1.868.1
1935
I93S
1937
1938
19110
2.90lt.7
191(1
3.650.2
I9U2
3.60l*.2
19ll2-Maroh
April
Hay
Jane
July
Ancast
.
.
.
Septeahar.
October..
HoTember
,
Dsceaber..
19'13-Jannary.
.
February.
March
1,011*.
P
937.5 P
5/
3
...
.
.
.
...
.
8
1
8
37
Sales of United States Savings Bonds
Table 1,- Summary, by Series
-
-
(Continued)
(Continued)
(In millions of dollare)
Analysle of net change
Amoiint
FiscaJ year
or month
out standing
end of
fiscal year
or month 1/
Net
change
OrosB ealee
during
fiscal year
or month
Adjustment
of sales
reported
to funds
received 2/
Total
funds
received
Series
Redemptions
Accrual
Sales
reported
of
Original
purchase
price 2/
redemption
values
2/
+3.'»67.7
203.1
3,526.3
-15.0
203.1
3,5tl.3
igltS-Maroh.
2.519-9
328.lt
337.6
+10.1
327-5
April.
May...
2,836.6
+316.7
326.7
-6.6
333-2
9.9
9-9
3,21*8.9
•f!tl2.3
lt21.8
5.1
10.lt
10.lt
June.
3,670.8
rt21.9
lt33.2
lit. 2
itl6.5
itig.i
-7
12.0
11.9
Jiily
It,
165.1
u,6oo.s
5,088.8
U911.3
508.
lit.
•*lt35-7
HSlt.o
•ItSg.O
509-9
+7.7
+13-5
-35-3
lit.
August ....
September.
19.0
22.5
19.0
22.5
October.
November.
December.
5.726.3
6,237.t
6.923.2
+637.5
+511.1
+685.8
66it.8
7,693-7
+770.5
+573.7
^6o6.5
igUs.
.
igU3- January
February
March
.
.
s,267.i(-
.
8.873-9
1-5
500.5
1.0
.7
5^5-1 r
-7
725.8
+79.2
-1.1
-19.8
585.6 r
5lt2.6 r
7lt5.6 r
1-5
3.8
8llt.3
-3.2
633.6
-It.
720.lt
+7.7
811.7 r
629.2
712.7 P
:
It
:
60.0
9.2
itito.5
5itl.6
.8
5.2
2.8
2.7
60.0
9-2
28.1
32.0
28.1
32.0
lt3.8
lt3.8
119.7
62.7
116.6
U9.6
62.7
116.5
igiti.
66.6
19112.
it98.9
+66.6
+^32.3
U3lt.9
-8.3
-2.0
75-0
U37.0
2-9
2-9
19lt2-Marcli.
376.7
ito.7
itl.l
-*.lt
36.6
.It
.It
April.
iti6.3
+39.6
Uo.o
M
it58.it
+lt2.1
+I1O.5
lt2.5
38.2
11.7
.U
May.
June.
+1.8
+ .8
-.8
July
August.
September.
5/2.2
623.8
73-7
52-3
60.8
-1.6
75-3
68lt.O
+73.3
+51.6
+60.2
October.
NoTember
December.
7'tU.2
+60.3
60.6
m.i
788.6
853-9
-tWt.it
ltlt.8
+65-3
66.0
.
it98.9
.
.
.
.
.
19lt3-Jan\iaTy,
.
February.
March
929.8
976-6
1,018.8
66.7
Ul.O
+75-8
77-1
-fit6.8
li8,3
+lt2.2
U3.9
lt8.U
69.2
it9.5
+2.9
+.9 r
U1.9
65.1 r
+1-5
+.5
75-6
+ .2p
.6
iti.9
!t7.8
"tSJ P
-5
.8
.6
.5
-9
.7
.9
.9
1.6
1-7
1.8
igiti.
39I1.O
-39it.o
39it.6
-5
2,ltllt.3
+2,020.3
2.032.1
-56.8
it.3
lt5i.lt
19lt2.
2,027.8
11.8
19lt2-March.
1,926.9
177.6
179-2
+23.1
156.1
April.
May...
June.
089.2
256.9
+162.2
+167.8
15?.U
+1.5
+9.8
-7.5
l62.lt
ltllt.3
163.8
170.1
159-7
July
August. .
September.
.730.8
+316.5
+187.6
+181.
319.1
191.0
October.
November
December
306.1
U50.3
669.5
013-7
+3ltlt.3
2llt.O
+200.3
17lt.8
.
.
.
.
19lt3-January.
Febrxiary.
.
March
918.5
099.7
,388.9
160.3
167.2
-9.'t
328.lt
181.1
18lt.0
+10.0
-29.0
+206. It
209.6
ito.it
169.2
+lltlt.2
llt8.2
222.lt
+6.6 r
-5.0 r
3U8.U
205-3
180.0
+2.5
+11.5
-1.2 p
+219.2
accrued
£.
203.1
3,670.8
igltl.
Interest
a3-o
lltl.6 r
227. It r
3'*5-9
193-8
181.2 p
.7
-9
5/
U
7
8
....
.
.
..
5
9
7
9
t
38
Sales of United States Savi^tgE Bonds - (Continued)
Table 2.- Sales Reported by Series, Classified by Denomination
Peroaata^ distribution of sales
Salee la vllllone of dollars at laeoa prlo«
?lflcal year
or month
Total
Sanomliiatlon
aU
danoBiaatlons
$25
$50
$100
$500
$1,000
$5,000
$10,000
Total
all
danoBinationa
Denomination
$a$
$50
$100
$500
$1,000
$s.ooo
Sariaa Z
igUi 1/
19U2 r
igUs-Mareh
April
Hay
June r
.
July r.
Au^at
.
203.1
3.5^1.3
613.1
13.3
3U2.8
8I6.I*
1(0.7
61*1.6
1,127.4
100.0
100.0
7.1
17.3
6.5
9.7
20.4
23.1
20.0
18.1
46.0
31.8
327.5
66.2
33.8
79.8
56.5
91.8
100.0
20.2
10.3
24.2
17.3
28.0
22.8
25-3
31.7
10.6
11.3
12.3
24.2
24.5
23.7
16.3
15.5
13.3
26.1
23.4
19.0
333.2
5l6.5
U19.I
.5
SSo!.5
.
r.
lU.lj
76.0
105. U
132.8
m
202.
September
51*5.1
October r.
November r
December r
71*5.6
222.6
215.2
272.3
811.
264.0
629.2
712.7
21*1.6
19 U3- January r.
Tebruary.
March p.
.
1941 1/
1942 2/
585.6
5>«.6
75.0
437.0
290.3
1.3
Ul.U
93.'»
80.
5U.I*
51.5
101.8
99.5
64.7
55.5
97.4
79.7
100.0
100.0
100.0
60.2
58.6
72.1
112.8
97.9
119.8
67.3
50.3
64.5
100.9
69.1
86.3
100.0
100.0
100.0
31.8
37.3
37.1
12.0
13.3
13.2
22.5
22.3
22.0
13.5
11.4
11.8
20.2
15.7
15-9
78.H
125.5
116.0
160.9
68.2
60.5
91.5
90.9
76.5
119.6
100.0
100.0
100.0
38.0
39.7
36.5
IS."*
101.3
21.4
21.4
21.6
11.7
11.1
12.3
15.5
14.1
16.0
119.4
83.1
98.2
153.1
119.3
133.8
97.'*
177.7
116.7
115.3
100.0
100.0
100.0
32.5
38.4
40.7
lt.7
13.2
13.8
18.
68.5
75.0
19.0
18.8
12.0
10.9
10.5
21.9
18.5
16.2
.9
19.3
2.1
27.4
14.2
123.7
13.6
92.0
44.2
173 ."t
100.0
100.0
1.2
4.4
2.8
6.3
28.3
18.2
21.0
7.5
29.5
20.6
29-3
30.2
31.
22.2
22.5
22.3
35.5
47.2
7»*.5
13.7
13.6
18.
1942-Mareh
36.6
2.2
2.8
10.8
7.5
13.1
100.0
6.1
April
Hay
June
38.2
2.5
2.7
2.7
11.2
12.6
13.1
8.5
9.t
14.0
9."*
14.7
100.0
100.0
100.0
4.9
41.7
41.9
1.9
1.9
1.8
July
August. .
September.
75.3
48.4
69.2
2.0
1.5
1.8
3.3
2.6
i4.9
10.2
14.6
37.4
20.7
30.0
100.0
100.0
100.0
2.6
3.2
2.6
4.4
3.'*
17.5
13.3
19.2
23.2
27.5
27.7
19.8
21.0
21.1
October. ..
November i
December l
49.5
41.9
H
3.1
2.6
3.9
15.5
13.5
19.7
12.2
10.0
15.4
16.6
13.9
22.9
100.0
100.0
100.0
3.8
1.6
2.6
6.3
6.1
6.1
31.3
32.3
30.3
24.6
24.0
23.7
3.2
2.5
2.5
16.3
11.6
11.7
14.8
38.8
22.1
18.1
100.0
100.0
100.0
2.7
3.7
3.7
4.3
21.5
24.3
26.7
19.6
19.8
21.8
403.5
262.4
884.9
100.0
100.0
1.2
2.5
20.1
28.4
17.9
19.9
.
65.1
14.9
U.5
1:1
i.i
6.4
.
47.
.
'*3.7
2.1
1.8
1.6
451.4
2,027.8
50.6
12.2
112.7
90.7
576.0
1942-Maroh
156.1
4.7
10.3
47.0
31.2
62.9
100.0
3.0
6.6
30.1
20.0
April
May
June
162.4
160.3
167.2
5.0
5.7
5.5
10.7
11.4
11.0
50.1
52.5
51.6
34.1
3^.1
35.8
62.4
56.6
63.3
100.0
100.0
100.0
3.1
3.5
3.3
6.6
7.1
6.5
30.9
32.8
30.9
21.0
21.3
21.4
July
328.4
181.1
213.0
7.1
4.9
5.7
15.7
10.6
13.0
73.2
50.0
60.9
52.0
5.6
1S0.4
79.8
87.
100.0
100.0
100.0
2.2
2.7
2.7
4.8
J5.8
6.1
22.3
27.6
28.6
15.8
19.7
21.5
169.2
141.6
227-4
5.'*
5.0
7.4
12.0
10.5
IS.7
47 [3
z
70.2
48.1
61.5
48.5
84.9
100.0
100.0
100.0
3.2
3.5
3.2
7-1
7.4
7.3
31.8
33.t
30.9
21.5
21.4
21.2
1943- January...
February.
March p.
3^5.9
193-8
181.2
19.1
11.8
13.0
80.1
50.8
55.2
52.5
32.1
32.6
100.0
100.0
100.0
2.1
2.6
3.1
5.5
6.1
7.2
23.2
26.2
30.4
15.2
16.5
18.0
1943-January. .
February
March p.
75.6
1941 1/
1942
Au^st.
.
.
September
October.
November
December
.
i
.
Source:
p
r
Beports of gross Bales,
Preliminary,
Bevieed.
7.4
5-1
5.5
9.5
9.5
80.9
36.4
186.
94.2
74.9
1^
5.6
5.9
Sales of Series I, ?, and
1)oitds commenced May 1, I9UI.
Sale of $25 denomination Series F bonds "began In January 19^2,
$10,000
. .
...
..
... .
.
... ..
.
39
Sales of United States Savings Bonds
(Continued)
-
Table 3.- Sales Reported by Series, Classified by States
PART A
-
SERIES E
(In thouaandB of dollare at Issue prices)
Fiscal year
19I41
igits
Apr.
May
2,1*60
2,713
1,01*0
3,921*
1,1*18
*.5i3
970
2.107
2,118
21,709
2l*,8lt5
5
77,5't3
688
2,189
7.232
7,296
191*2
I9U3
July
Aug.
1,11*9
6,671
1,626
1,1*22
2,992
2.573
2,921*
2,522
29,000
2.795
9,199
31.139
37.157
3.306
11,180
33,1*35
3,1*12
9,91*8
1*1,00"*
1*1*,
3,933
10,362
16,295
Sept.
Doe.
Jan.
1/
Alabama.
Arizona.
Arkansas.
1.3S1
711
28,996
10.313
91*0
21,1*01*
California..
Colorado,
Connecticut
9,920
1.793
260
'60,592
2
.
,
3. 91*3
21*,
2,581*
2,81*1*
10,1*30
5,262
6,269
1.675
3.235
5,787
1,775
3.686
829
"*,675
5.91*2
6,81*1
8.778
1.677
3.671
2,355
2,771*
5,169
6,020
l*,l*52
36.526
3.676
11,739
56,102
63,819
51,828
5,81*0
17,871*
6,1*78
17,21*0
10,855
2,012
7,771
6,950
1,872
8,099
9,160
6,667
7,126
8,1*36
10,308
De laware
Dist. of Columbia
7,629
827
753
756
1,103
1,121*
711*
31*.
3,330
1*,1*23
i*,i*3i*
It,
760
2,1(87
39,565
1*,206
3,1*1*6
i*,i*39
909
3,771
1,037
2.592
Florida
lt,993
i*,269
5,1*81
'*,563
728
770
1,61*2
35,61*2
9,81*0
l*,721
1*,282
5,1*21
5,007
l.0l»7
1.399
1,132
201
820
282,055
25,51*6
35.838
32.851*
1,285
38,891
1,1*37
737
2,995
90s
26,688
2,958
1*85
33,598
3;, 072
1*1*.
5,938
2,218
970
1*0,091
Indiana.
3,51*1*
10,791*
9,81*6
10,752
3,912
1*.158
11,112
9,729
5,269
15,156
10.733
6,850
15.323
10,692
7,823
19,778
1,879
11,801
11,056
I*, 680
ll*.l*61*
2,71*3
7,560
9,263
2,999
9,961
Iowa.
76,661
69,558
35,310
Kentucky.
Louisiana.
Maine
1,835
31*,
3.'t67
i*,399
5.61*3
U,97U
5,196
3.728
1,558
1*,629
1*.757
5.886
17,71*6
2,179
2,131
2,1*07
'*.923
2,221*
5.170
5.680
2.252
5,1*63
1,083
3,051
3,190
1,688
U,086
1,82**
293
36,800
6,917
3,156
Maryland
MaSBachueetts
Michigan
2.7'*5
1*9,009
11*1,217
l*,095
1*,103
6,551*
6.21*6
12,525
15.781
12.951
16,202
5,118
15,889
20,965
23,656
18,126
25,690
18.212
19,790
6.893
7,659
2,130
S,235
8,898
2.632
11.287
9,1*1*1*
10,1*1*3
8,952
7, 'S3
71,181
22,973
91*, 800
2.519
10.236
1,633
3,213
379
1.827
3.266
Georgia.
Idaho.
Illinois.
.
.
.
Kaneae
.
1*69
.
lit,
.
9.110
8,108
Minnesota.
Missiseippi.
Missouri
3,621*
.
901
—
Montana.
Nebraska.
Nevada.
.
.
.
.
New York
North Carolina.
North Dakota
2,281*
8,21*1*
17,710
26,01*5
1.823
3.058
11*9
i*,3l*0
1*19
595
11,760
160,53s
6,978
li*,076
21*3
582
1,128
609
587,21*9
1*2,297
11,39"*
1*6,951*
10,886
2,302
190.262
3,15^*
37,39"*
.
ll*, 1*1*3
.
1.1*78
.
Pennsylvania.
Hhode Island.
South Carolina.
.
Utah
Vermont
Virginia.
1.130
17,556
3,025
3,318
17,537
2,892
3.079
23,850
283,782
21*. 293
IS, 782
25,856
28,781*
2,1*67
1.897
2.358
2.198
11,783
36,734
126,056
1.270
3.502
12, 161
1.392
3.138
11,088
917
613
2,319
9,919
7,550
56,272
i*,865
953
688
5,350
3,778
1,187
57,962
579
27,61*2
522
511
5.171*
2,1*70
7,121*
681*
712
8,267
3,089
9,280
737
353
1*85
1*,219
165
3.850
1,1492
'*75
87I*
1*1*9
1,707
8.717
1*86
Washington.
West Virginia
Wisconsin. .
Wyoming
.
.
Alaska
Canal Zone
Hawaii
Puerto Kico
Virgin Islands...
Other possessions
1,1*27
16.066
802
57,336
6,163
1*7"*
.
1,010
13,816
826
513
52,907
3,669
1,113
1*1*,
.
i*,607
339
5
220
31*, 1*82
77 668
7,066
,
2,959
315
15.837
1,726
91
3.821*
1.33
106
1,167
211
15
l6il*02
10.921*
6.1*22
2,01*0
5,596
5,1*37
6,811
2.279
602
8,938
7,61*0
6,011*
7,81*4
9.152
6,970
2,1*30
3,195
1*,U27
2,1*29
7."*19
7,188
9,261*
10,1*72
12,1*26
8,320
6.796
18.066
31*. 188
20.822
18.61*8
27,666
29.81*1*
8,782
19.836
31*, 1*52
32.550
39,191*
1*3.1*19
38,131*
11.218
2.776
12,619
10,772
3,579
12,018
11,131*
16,691
5,193
16,991
16,279
5,396
18,957
12,712
2,582
3,987
956
l*.0l*8
'*,053
5,852
950
6.565
1.113
2,786
5.5S6
880
2,317
27,650
1.S16
30,01*7
1,71*1
2,1*51*
3,091*
10,961
11.067
1,706
3,037
501
2,232
3,656
656
,816
2,328
2,980
,1*19
1*,602
"*.725
61*3
879
81*1*
1,509
17.298
1,791
18,505
909
1.600
16.688
•
880
1,829
2.300
1,751*
23,21*1
23.631*
I.I7I*
19,993
1,058
931
5'*.990
72,866
8,923
1.650
77,332
70,221
9.361
2.635
39,287
11,650
31,980
1*7,796
7,571*
9.23"*
10,7''2
6,917
7,062
31.001
U.718
6,381
10.550
7,1199
59.356
5.878
5.059
59.059
5.020
5.122
1*9,621*
3.239
8.818
26,938
2,765
10,956
28,853
7,833
23.004
2,61*7
l,l"*3
13,811*
3,716
1,527
15,756
2.851
986
11.302
15,691*
16,239
7,192
16.003
1,791*
12.145
5,220
13,308
1,326
763
927
3.899
13,165
i*,l*71
i*.67l*
l*,571
6,337
5. 671*
31,906
32,11*9
1*3,91*1*
1*6.1*59
1*2,61*1
^3,005
3,571*
2,653
5.1*77
3,380
2,559
2,668
36.801
3,305
3.091
35,058
2,771*
3,002
"•,15!*
3.7"*2
3,911*
1,61*7
1.1*58
l*,676
1.351*
l,6lU
5,593
15,202
7,"*S5
I.6O8
6,766
2,092
6,791
19.831
20,1*17
19,691*
2,170
1,300
10.296
10,391*
6,1*1*3
5.91*1*
1,575
1.306
31,152
27.876
3"*,
15,269
13.775
1.685
6.591
16,791
1,339
788
1,111*
1,1*63
1,507
766
7,095
967
8,160
81*1*
1,658
873
8,291
9,905
9,177
3,338
10,35s
831
9,283
189
2,591*
7,189
085
5,652
7,03s
7,21*1
8,303
1*1*,
20,11*5
9,ol*9
22,799
3,7S9
l*,8i*l
882
17,885
71*,
1*,210
1*,165
2,61*0
51*,
1,1*96
21.560
18.288
9.017
57,763
5,090
1.311
1,1*76
2,255
51.912
i*,995
7,569
3,211
9,025
10, 527
11.1*02
3,sl*6
779
2,566
160
10
577
100
6.163
221
2
592
130
3.838
591
1*1*
1*,086
11.256
1,099
8,51*0
1,791*
5,561*
1,956
91*2
l*,l*07
11,795
U.835
12,566
10,911*
i*,638
11,1*86
5,61*8
ll*,825
1,31*5
1.008
1,61*5
61*8
2.316
1*.223
ll*.333
2, 130
22,070
1,552
102,721*
12,71*2
1*,260
72,550
8,719
50,1*91*
39,381*
155
117
SO
671
232
556
627
I+.821*
5,305
8.311*
5,11*7
1*21*
3,1*71
3,019
i*.066
2.1*52
16I*
350
5,285
387
17
13
17
5O6
17
1*93
5
1*1
431
613
5,322
582
23
6"*7
51*8
ll*
Unallocated.
Total.
3.8U7
771
9,901*
Ohio
Oklahoma.
Oregon.
South Dakota.
Tennessee
Texas
9,9'*7
1,381*
.
New Hampshire.
ew Jersey.
New Mexico.
160,150
7,866
2,613
5,359
5,257
7,207
2,100
203.098
1,1*72
35
263
553
621
813
1.1*23
1,500
1.71I*
2,226
2,8l6
5,671
5,633
3.51*1.323
327.1*95
333.211*
1*16.1*50
1*19.072
500.1*56
1*1*0,1*67
51*5.111
585,609
51*2,644
71*5.562
811.704
629.206
(Continued on following page)
712.666
..
..
.
.
.
..
.
...
.
...
»»0
Sales of United States Savings Bonds
(Continued)
-
Table 3.- Sales Reported by Series, Classified by States - (Continued)
PART B
SERIES F AND G COMBINED
-
(In thouaandB of dollare at lesue prlcee)
TiBcal year
1941
191*3
191*2
July
May
Apr.
191*2
Aug.
Sept.
1/
Alabama.
Arizona.
Arkansas
California.
Colorado
Connecticut.
.
.
.
Delaware
Dist. of ColujnMa
Florida
Georgia.
Idaho.
Illlnolo.
.
.
.
Indiana.
Iowa.
Kansas.
.
£entucby
Louisiana.
Maine
.
.
Minnesota.
Mississippi.
Missouri.
2,71*1
675
812
653
11*0,602
8,1*16
11,198
1,388
10,751
1.392
3.693
10,276
1,631
5. 361*
6,801*
5,399
9U9
2,511
1,916
717
1.673
1.955
656
1.1*1*9
1,1*76
1,800
1.533
1.752
1,91*0
1.357
1.759
2,118
1*51
1*1*3
3. 908
18.302
W.937
59.89"*
2,521*
11,910
5,166
3.379
23,21*7
22,
2.878
Z91
59.605
17.982
7.339
202,01*1
1.838
15.939
13,1*91*
15. 881
l9,l*oU
6.285
1*5.123
l*,l*8l*
l*,ll*2
1*,226
5.289
i».i*9S
30.676
2.956
llt,l*86
1.1*99
3.791
1,062
3.260
1,163
3.961*
2,1*59
H.356
2U,5i6
21,651
16,570
1.779
1.569
1,920
2,170
1.893
1.75^
1,826
1*0.093
3.550
10,389
3.583
9.770
973
23.952
.
.
.
Montana.
Nebraska.
Nevada.
.
New Hanpehlre
New Jersey
New Mexico
.
New York
North Carolina.
North Dakota
.
Ohio
Oklahoma
Oregon
.
.
.
South Dakota.
Tennessee.
Texas
.
.
Utah
Vermont.
Virginia.
Canal Zone
Hawaii
Puerto Rico
Virgin Islands.
Other pOBBessions
65.01*0
1*9.069
10.061
3.1*92
1.11*8
6s. 651
l*.8l*l
6,322
Total
Source:
p
r
•
1/
2.923
11.1*85
'•.596
U.oi*o
1,290
5.575
3.527
956
6,850
369
982
139
371
1,107
159
1.093
1.953
1,137
1,91*6
2,701*
1.91*8
2.393
508
23.390
2.066
3.1*39
1*69
31*0
15.72'*
9.311*
7.082
6.075
5.31*2
3.1*01
3.5^*5
2,91*8
3.12**
2,306
2,077
2,671*
2,537r
2.071
1.009
3.965
770
33.306
535
20,568
1,127
3.751
1.869
1.519
l*,6oi
3.S1
1,1*26
2,831
2,310
2.297
1.261
2.809
5.956
1.235
6,681*
2.892
12.873
7.778
1*,321
9.1*51
g,80l*
1*,152
2.996
1*,27S
10,940
7,201
9,1*41*
l*,88l*
13.119
9,088
1.197
3.507
11,809
7,120
27,111
9.1*73
5.'*55
i*,076
3.571*
1,233
6,093
1,206
5.728
1.330
951
2,887
1*,680
6,81*8
1.1*70
815
1.227
888
2,696
269
301*
171*
974
3.874
928
755
2,367
397
856
gp(
6.2l*5
24'
507
868
8.167
686
1,095
11.879
675
2.857
12,310
680
7.118
667
62,776
5.136
715
35.201
3.120
732
30.032
54,236
3.S36
8U0
72,540
1.775
42,816
2,467
941
15,066
2,103
2.527
12.025
9.699
1.31*7
2,71*1
1,1*48
20,724
2,034
4.389
25,120
3.176
3.214
14,866
1,464
1.891
25.071
1.661
1.783
21,793
1.557
1.21*9
1,815
1.387
25.937
1,852
1.683
31.75s
2,804
2,132
17.999
7.115
I.817
506
520
2,1*13
3.089
581
2,888
7,289
859
2,122
5.6UI
978
3.293
9,777
920
3. 819
11.324
,716
1*85
836
1.303
6,498
7.515
2.239
1*19
92,319
3.586
1.076
1*1*,
1,658
7.630
1,006
10,1*72
1.1*78
11,1*11*
23.133
2.973
'*.735
1.315
1,777
1,272
9,887
1.273
12,261*
2.325
2,522
119.098
16.587
22.095
1.1*81*
3.61*1
1,617
2,020
1*9.5^7
5,921*
21*3.285
28,06i*
ll*,607
20,91*9
20.685
117
19. 817
3.695
1.761
2,262
9.1*59
1.755
992
1.1*97
1,621
2,861
1,298
300
1.679
6.268
279
51*0
1*1*5
1*90
882
558
2.1*83
1*1*3
1,275
228
861*
51*8
6,502
333
8,701*
1.630
1U.206
509
966
8,771
359
638
565
1.927
2.21*7
15"*
20.05s
2,225
902
276
1,1*20
5.679
31*.
682
3.997
11.003
915
2,021
68'5
1,1*13
677
1.931
357
•996
9.838
6,581
1*73
538
357
471
579
l*.l*S7
2,6i*6
3.971
3.271*
5.932
2,733
1.062
5.530
303
3.381*
3.053
1.278
1,301*
6.931*
5.097
286
3,008
1,291
3.709
502
607
063
839
570
1,91*0
U.62S
1.839
i*,909
8.11*6
3.690
631*
2,510
757
2.873
186
2,170
1.329
501
855
3.552
279
232
51*6
20
736
160
31*
11
1*0
98
65
75
50I*
1*7
5.882
78
667
91*2
373
61*2
2.51*9
1.176
3
1*72
21*1*
19
1.577
125
1*61
l*,768
2.077
581*
526,361
2,464,772
192,745
200,523
Reports of grose salee.
Preliminary,
Revised.
Less than $500.
Sales of Series E, F, and
1*38
128
5
bonds commenced May
20,8l*3r
500
1.699
2.637
13
2,131
1*39
l*.02l*
2.01*0
7
757
i*9U
1*2,205
61*
2.71*5
381*
25,898
11,780
507
576
680
792
519
1.1*92
31*
762
.
It,
380
2,667
8,1*91
26
5.353
1,231
i*,970
1*6,1*56
772
8,726
2,555
9,297
7. 1*52
1.265
1*10
5.81*2
28,011*
3.872
2.084
1*,922
1.855
5,019
8,038
25.797
13.243
l*.l*58
1*6,275
1,000
1,011
5.039
1,1*31
7.791
I190
350
1,61*6
9.073
1,683
1,711*
l»,988
3,177
5,005
8l*7
1*6,779
1*87
2,683
1.253
5,892
5,611*
2,71*1
3.874
6l4
6,11*2
2,902
1,77'*
2.399
3.157
3,281*
8,063
6,115
2,675
36,113
3.077
2.564
235
802
1,735
2l*8
18,1*81
5lt,196
5.314
3,446
3,315
969
1.996
3.796
8,1*69
19I*
5.080
5,408
4.109
907
1,817
1,766
1,272
3.321
3,716
1,080
3,128
10,323
11,001
8,783
3,222
2,316
5.585
1,282
70
605
18. 076
1.378
3.736
1,738
11,166
933
580,1*33
26,071*
20,757
3,968
1,278
39,675
1.821*
i*.725
11,090
93.399
2.338
962
801
2,841
2,339
2,723
5.020
5.381*
1,896
20.U00
11*1,81*2
2,538
1.083
3.455
3.681
ll*,001
lU.Uol*
1*96
9.031*
19.121
2,248
7,008
1,658
11,81*1
U.lltS
1.898
895
1.517
1*15
30.034
3.079
9,371
1,21*6
15.026
1.21*3
21.283
2.897
10,391
2,31*9
.
Unallocated.
3. ''72
12.757
5.012
1,386
751
1,200
1*55
ll*,132
6,268
Alaska
ll*l*.l99
1,1*60
1,21*1
3.454
1.246
1.649
2,629
391
1.250
52I*
gi*i*
35'»
i*.532
Washington
West Virginia.
Wisconsin
Wyoming
a9
l,'t53
1.921
77s
1.1*57
5.399
550
1.019
612
3.523
22,1*66
Pennsylvania.
Rhode Island.
South Carolina.
39I*
1.021*
6.800
35.087
13.928
.
1,276
31*1*
20,1*02
3.971*
.
1,1*02
1*20
1.270
280
2.1*77
Maryland
Massachusetts.
Michigan
1,281
13,099
I*, 232
13.73s
2.393
950
.
127
17s
1,500
180
92
57
1*9
119
1.243
555
985
170
't.957
5.72"*
58
567
842
637
463
3,674
6,002
2,447
11.009
747
143
191
1,442
962
104
96
1,585
262
1
201,955
1,
1941.
209,084
1.791
,2,1*1*0
403,735
229,469
13
282,261
218,692
15
32
5"*
183,429r 292,501
421 504
,
332
241,652 224,868
»n
Participation In Payroll Savings Plans For United States Savings Bondsl/
42
Sales of United States Savings Stamps
Table 1.- Summary
(In tboueande of dollarB)
Analysis of net change
Amount outstanding
end of fiscal
year or month 1/
fiscal year
or month
Groes sales
Het chatty
during fiscal
year or month 1/
Adjustment of
Total
sales reported to
funds
funds received
received 1/
6,087
308.621
+5.l'»3
19UI 2/.
19U2
+161. 048
I66,3fcl
115.857
133,620
152,217
166, 3U1
180,972
187,618
19U,010
igltS-March
April
iff
June
July
Angaat ....
Septemlier
.
21,925
i«),599
+17.762
1«),173
18,597
47.990
Ug,96o
53.815
ni(,i2U
+iU,63i
+6.6U7
+12. 031*
215.805
9,121 i/
kj
39.077 i/
-7.22U
221,3140
+5. 536
1*3.920
-ll,7fi8
.
221*, 901
February.
March
224,356
226.216
+3.561
-1.106 kj
+l,g6o
66,267
54.667 kJ
%.630 5/
+15,856 p
+11,281 p
+639 p
191+3-January.
Source:
147 ,17^
18,674
22,410
29,393
3'»,g36
47.682
39.185
37.900
4i,290
53.1'tl
41 107
46.300
55.688
29.955
38,384
62,706
55.773
44, 546
6.392
206,olrt
October.
NoTenber.
December .
Bademptions 1/
Sales
reported
y
Commencing Hovember 1, 1942, Daily Treasury Statements, except
Post Office Department reports of gross salee; prior thereto.
Post Office Department
Preliminary.
ngures for November and following months are not strictly oomparable with earlier months becauee of the shift to a Dally Treasury
Statement basis.
Stamps sold prior to October 1, 1942 were known
afi postal savings stamps and were obligations of the Postal
2/
3/
V/
,
.411 p
^3.386
p
48,990 p
'*7.958
Savings System but subsequently became public debt obllgatlose.
Sales and redemptions commence with May 1, 1941. The amount
of the old series of postal eavlnge atampe outstanding on
April 30, 1941 wae $150 thousands.
Computed on basis of Daily Treasury Statement See footnote 1/.
Does not include amounts transferred from Postal Saving*
System to the Treasury to cover outstanding steatps.
.
Table 2.- Gross Sales, Classified by Denomination
Percentage distribution of sales
Sales in thousands of dollars
Fiscal year
or month
1941.
1942.
1942-March.
April.
May...
June
July
August
September.
.
October
November.
December.
1943-January p.
February p.
March p.
.
.
.
.
Total
all
denominations
Denomination
10^
25)!
6,087
308,621
400
67,466
2,691
167.709
40.599
40,173
47,990
48,960
10,181
21.693
21.529
26,772
27,319
29,693
24,808
26,189
28,563
24,587
29,142
26,024
53.815
44.546
47.6«2
53.1'tl
46.300
55,688
50.411
43,386
48,990
9,812
10,037
9.124
10,106
7.326
8.366
10,680
9.51s
11,719
12,166
10,135
12,132
22.6
25.
U^
50|J
$1.00
$5.00
Total
all
denominations
Denomination
10^
25^
16.6
9-3
8.4
1,012
28,6l4
1.130
31.583
854
13.250
100.0
100.0
6.6
21.9
44.2
3,424
3.8'*5
1,456
3.827
4,941
5.706
6,326
1,548
1.910
2.097
487
llU
128
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
25.1
24.4
20.9
18.6
18.8
16.4
17.5
20.1
20.6
21.0
24.1
53.'*
3, '•58
4,330
'*,715
5.203
4.348
'*.935
5.150
4.259
3.950
3.624
3.9^
6,o64
6,498
5.852
7.100
5.932
5.083
5.579
250
084
130
2.33?
1,914
2.0«3
^;^
53.6
55-8
55.8
55.2
55.7
54.9
53-8
53.1
52.3
51.6
52.2
51.5
50^
$1.00
18.6
10.2
$5-00
'^3
Sales of United States Savings Stamps - (Continued)
Table 4.- Gross Sales by States
(la tboasands of dollart)
Hieal yaar
State
I9UI
Alabaaa
Arlcona
Arkaneaa
California
Colorado
Connecticut.
.
IjUS
19U2
Jipr.
38.7
16.0
2U.8
2,3't3.7
U28.0
20,132.6
2,020.3
834.8
1.67U.7
7,707.'»
.
Haj'
Jon*
Jul7
I9U3
Au^.
447.8
125.0
290.1
442.8
177-5
302.5
3T7.5
110.7
227.4
305.5
116.7
221.2
29't-7
2,1*50.2
2,1*78.9
237.2
951-1
266.3
3.077-2
326.2
953.5
l,lll*.6
3,442.2
300.5
1,394.6
3.766.8
359-9
1,472.0
2,964.9
315.1
1,223.4
91-5
112.6
694-5
583-0
114.8
684.2
498.7
113.6
639.7
531-0
506.7
3,924.2
512.0
125.5
3.834.7
534-6
148.3
3,847.1
1.267.8
782.9
U07.I
1,093-0
750-7
386.4
425.4
582.0
284.8
1,437-0
100.6
489.9
462.5
123-3
447.0
533-1
124,3
392.9
471.8
131.5
519-5
600.3
120.7
498.5
573.8
99-3
442.9
397-0
463.6
98.9
3.170.6
460.7
115.5
3.373.9
500.4
122.8
3.717-4
464.4
112.4
3.367-5
533.4
132.0
3.980.0
489.3
128.3
3.519.2
476.9
138.4
3.256-3
1.232.2
1,008.5
483.0
1,108.9
771-7
362.2
1,164.2
763.5
424.7
1,400.6
752.2
476.6
1,226.6
682.8
424.4
1.378.5
887.2
507.4
1.273-5
713-9
510.6
1,016.7
667.3
542.1
527-4
649.6
318.I
445.4
450.2
279-8
439.0
455.2
288.4
510.8
521.4
339.8
423.6
481.6
282.7
507.2
5U8.7
328.7
482.5
606.0
288.0
551.9
311.8
351.0
328.4
301.1
748.7
2,300.6
2.125-5
821.0
2,276.9
2,256.2
759.9
2,424.2
2,681.1
695.5
2,062.2
1.973-6
761.9
2,312.8
2,152.4
823.6
2,605.1
2,440.5
783.4
2,129.1
2,013.3
884.7
2.468.8
2.405.9
831.9
2.397.9
2.073.6
760.5
1.983.8
1,498.6
743.8
323-1
1,280.3
581.4
276.7
1,062.6
609.2
278-5
1,213.7
656.5
313.9
1,248.4
6l4.S
292-3
1,183-7
767.8
277.9
1.328.0
801.6
266.7
1,267.4
720.2
202.5
1,101.9
135-2
375-2
60.3
148.2
3?8.9
60.6
159-3
396.3
56-7
182.7
351-0
203.0
170.9
237-0
55-9
'fd
179.5
399.7
53.9
52.6
201.2
213-7
1,948.2
103.5
219.9
2,205.3
116.2
180.6
I.908.5
92.5
ao6.3
2,248.0
124.7
203.6
1.679.1
124.2
168.5
1,838.2
49.5
7.516.9
U.575-*
2.532-9
1,078.6
712.9
330.9
3.036.2
3.U28.0
1.725-5
U25-9
393.7
6s.o
37.2
1*38.3
U60.1*
232.1
217.6
91.6
31S.2
366.8
5.785-2
1U.U13.6
13.721.6
728.7
1.885.3
1.766.9
686.5
1,883.8
51.6
36.7
173.5
't.037-7
1,$08.8
7.326.
5U5.3
205.7
936.1*
511.8
182.0
928.8
609.9
192.3
1.155-5
677.6
230.4
1,161.2
17.2
1.030.7
2.371.8
381. U
1U8.2
315-0
U5.5
137.5
149.7
423.8
63-3
128.2
3f.2
6.5
ag.o
266.0
9.9
1.150.8
13.313.7
720-3
11*1*
11*0.3
183.2
2,020.7
94.7
224.6
1.975-9
130,2
I.763-I*
Kew York
1.350.5
North Carolina...
50.8
North Dakota
10. >«
Ohio
Oklahoma
Oregon
Uo.s
Kentucky
Louisiana.
Maine
Maryland
MaBsaehuaetta.
Michigan
Us.
.
..
Minnesota
Mleelsslppl
Mlaeourl
Montana
Sehreaka
Nevada
Nev Hafflpahlre .
Hew Jersey
Nev Mexico
. .
Utah
Venaont
Virginia
Vaahlngton
Vest Tlrglnla
Wleconeln
Vyoalng
Alaeka
Havall
Puerto Eloo
Other possaesioas
lotsl
Sourc:
f
181.
4i.7
349,
191.
278,
1,71*'*.
gU.i*
53.060.7
3.089-7
801 .e
7.25U.3
375-7
7.129.5
3'«-7
99-5
7,883.8
567-8
152.4
9,012.0
574.2
134.9
9.674.2
605.5
176.1
8,650.7
523.7
111.9
9.316-3 10,758.8
565.1
639-5
119.8
117-3
9.028.1
548.5
123.6
10.426.5
638.7
151.0
8,646.4
698.8
146.8
8,024.5
5?8-7
141.7
18.269.5
2,U89.1
2.739-3
2.59U-7
300.9
358-8
2,571.1
2,850.9
438.8
381.2
2,863.9
429.1
425.1
3.290.8
2,567.4
345-1
432.1
2,842.3
383-0
429.7
2. 519 -8
485.7
2,564.3
325-5
405.3
3.255.3
402.2
522.1
3.061.9
413.2
611.0
2,435.8
382.3
328.7
3,1*82.5
30.3
l,l»gS.2
166.3
lgi*.9
4,431.2
423.5
216.1
3,920.2
484.7
211.0
4.322,0
55^-7
210.2
3,650.8
U63.4
IS6.9
4,087.5
460.9
1S1.4
3.971.6
417.2
152.5
4.731.
1*07.3
3.922.1
368.0
't,597-8
58.8
27.075-3
3.087.6
237-
4,r68.1
410.9
100.9
4,019.4
360.1
197.5
10. >•
116.2
351-0
1,646.0
127.6
136.9
494.8
1,695.8
124.9
513.3
1.535.2
162.0
1,^.0
112.8
474.6
1,592.9
113.5
467.6
1.643.5
127,8
276.5
832.2
2.952.8
11,520.8
1,807.2
134.4
454.9
1,601.1
142.6
523.9
2,006.3
139.7
516.4
1,740.2
138.9
327-7
1,205.2
11.6
IU.7
71.6
963-U
705-8
U.051.8
125-3
89-3
555-2
137.5
96.3
151.2
104.8
592-9
177.8
136.4
659.0
144.2
102.4
521-7
142
566.1*
171.9
112.3
602.0
585-1
169.3
124.2
640.3
220.0
104.6
586.7
366.7
122.0
669.7
254.4
80.4
693.6
192.2
102.0
948.7
75.0
3,909.2
2.¥t9.7
5.728.3
1*21*.
U35-8
3U2.9
820.1
6U.0
702.4
375-5
931-7
76.7
748.8
337-5
88C.O
63.9
759.0
365.3
1,054.6
101.5
592-6
305-4
S76.0
70.4
624.6
314.2
953.1
684.2
391-5
1.129.0
601.4
320.4
983-2
84.8
822,0
398.0
1.217.6
95.6
926.5
382.0
1,150.2
91.9
758.8
351-8
1,101.5
50.0
11-7
193.8
21-9
12.8
220.8
19.4
11.9
181.6
18.4
11-9
130.2
12.0
161.5
27.3
2.5
17.9
17.9
253-6
30.9
3'»-3
12:
40,599.0 40,172.8 47,990.3 48,960.5 53,815.4 44.546.4 47.682.1 53,140.6 46,300.4
55.687.9
59-1
South Dakota
Tennessee
Teiae
1,701*.
129.4
253.4
1,781.3
88.5
"*l9-5
.
3ll*.l
11*1.
372.
159-3
1,916.2
129-9
^:?
FennsylTanla
Bhode Island
South Carolina.
1.033-9
707.6
394.5
157.6
110.3
94.4
502.3
415-9
69.7
50.0
Indiana
lova
Eane&a
109-3
2,766.3
338.8
171.8
260.2
2,488.6
363.5
1,102.5
2,950.5
31*0.6
102.1*
P
3,590.1
372.8
1,288.8
3.175-5
8U1.0
23.612.9
U07.8
P
4,122.0
405.9
1.336.2
60.3
8.1
355-1
650.5
M97.6
Teb.
3.048.7
330.6
1.235-8
Georgia
Idaho
Illinois
ColuaMa
Jan.
3.232-9
337.5
1,350.2
6,100.1
3.705.9
DlBt. of
93.9
656.7
507.9
D»e.
312.4
132.5
251.4
norlda
7i'».a
Oot.
349-3
148.4
264.7
351-7
108.
198.0
1U.5
17U.1
75.0
Delaware
Sept.
58.8
32.
10U.7
9.7
1.2
6.9
10.2
66.1
1.238.7
166.8
.6
.7
6,086.9
308,621.3
Post Office Qepartoent
PreltmlnBTy.
.9
108.1*
365.1
813.0
63-1
268.1*
350.6
31*1.0
.0
l,!*67.£
.2
11.9
158.1
220.1*
22.1*
23.2
9.7
13.6
263.8
22.4
'•37-9
731* -0
88.7
U5
527.2
156.1
525.1
74.9
19.1
18.8
144.6
22.6
.4
333-7
356-7
I193.
14. 2
8
l.U
50,411.2 43,386.3 48,990.4
...
52
..
..
...
....
,
6
6
75
kk
Sales of Tax Series Treasury Notes
Table 1.- Summary, by Series
(In mllllonB of dollari)
Analysia of net chang*
Anttimt
out ft and! o^
PlBC*l year
or month
end of
fiscal year
or month
(par Talue)
Bet
change
during
f local year
or month
Analysis of gross sales
Total
funds
received
Adjustment
of sales
reported to
fluids received
Sales
Exchaiiged
(par value)
BAdemptioas
(par Talue)
reported
All series 1/
I9U2 2/
3, oil*. 5
+3. oil*. 5
U,138.9
-17-2
,156.2
1.12l*.U
2.536.3
231*. 8
-2.5
-6-3
505-6
+i*.o
237-3
261.0
395-2
1*92.1
1*6-1
April
2.7W.U
-270.8
+208.1
Ma^.
June.
3.099.7
+355.'*
.
Jaly
.
.
September.
October.
November.
December.
.
19U3-January.
February
March
1*06.9
-13.3
3.356.6
3.739-3
1*. 137.1
+31*2.1
+382.7
+397.8
388.2
U17.9
977-9
+5.9
+18.8
+37.1
382.2
399.1
't.963.5
+826.1*
91*1.1
+17-7
5.702.5
6.38U.1
+739-0
+681-5
781.6
1.312-3
+l*.0
777
-22.6
1,33't
6.7l»8.8
+36l*.8
l*52-9
U56.6
6,31*5.6
+375.9
-779-1
1*1*6.8
+31.6
+15.9
-1.2
1*21
7,12't.7
5U.8
+5l*.8
72.2
+.1
72.1
17-t
-.1
5-t
10.8
1.2
191*2 2/
91*0.8
1*8.6
923.1*
19.7
1*5.1
-5.5
5.3
1*8.5
.1*
Z
l».6
I*.
.8
5.2
+1.U
+5.5
5.1
5.2
5-1
5&.8
60.3
65.1
112.7
167.0
200.1
276.0
+1*7.6
.
.
June.
July
August ....
September.
October.
November.
December.
.
.
6.0
+i*.8
52.6
+51*. 3
5't.7
+33.1
+75-9
33.5
86.0
309.1*
+33.1*
3'*.5
320.0
+10.5
+ .2
-.3
+.6
+ .3
-.7
+2.1
.5
5.0
+ .3
1,107.0
+2.959-7
l*,066.7
-17-3
l*,08l*.l
2,1*91.2
-265.3
-2.1*
231.9
April
May
2,695.8
+201*. 6
-6.1*
256.1*
3.01*6.3
3.67l*.2
+350-5
-86.6
+336-6
+377-8
229.5
250.1
39U.1
3,181.2
-1*93.0
3,067.1*
-113-7
Jtl.5
-593.2
-68.5
-52.8
-823.0
.
.
September.
October.
November.
December.
.
19l*3-January.
February
March
3,026.0
2.1*32.7
.
2,361*.
.
2,311.1*
1,1*88.1*
1.0
2.5
1*9.9
2.959-7
.
.1*
32.1*
19l*2-March
July
.u
10.1
12.6
15.0
+ .1*
191*2 2/.
Au^Bt
.3
33-2
86.7
-31*. 6
2.959.7
3.296.3
.3
3.7
6.0
H.9
285.1*
June
1,225.9
52.9
5U.I
13.0
15-3
February
March
9''-9
1*2.6
80.
1*1*0
April.
May...
35-3
531-5
630.8
88.1
1*1*8
19l*2-March.
19l*3-January
1*3.9
-85.2
.
.
1*6,6
1*20.2
3, Oil*.
Au^st.
25^.7
399.3
1*91*.
8
1*5.1*
+1*.0
390.1
U3.6
1*15.1
1*88.1*
1*12.8
-13.3
+5-9
+18.6
82.1
+ -3
376-2
39U.2
81.8
U5.6
35-0
526-5
1*01.8
382.2
US.
19-7
91*.!
1*1.5
593.2
68.5
52.8
823-0
Series
19l*2-Septomber.
October,
.
November
December.
191*3- January
February
March
.
.
.
.
Source:
•
1/
81*3.2
+81*3.2
81*3.2
37-1
1.729.1
+885.9
8O6.I
869.2
+71*7.1*
886.1*
71*8.1
+17-1
2.1*76.5
3.7
71*1.5
3.675.3
+1,198.8
+399.9
.226.3
1,21*8.2
+1*18.2
+78.1*
1*1*3.7
-22.0
+29.5
+15.6
-1-5
i*.075,2
1*,
1*93.1*
1*,
571.8
Dally Treasury Statement and reports of gross sales.
Less than $50,000.
Series A notes have been on sale since Au^st 1, I9UI, and
yield approximately I.92 percent per annum. The maximum
amount which may be used in payisent of each class of tax
(income, estate, or gift) by each taxpayer during each
taxable year Is limited to $5,000 par value.
If not presented in payment of taxes, the notes will be redeemed at
Series B notes were sold from
the purchase price only.
August 1, 191*1 through September 12, 191*2. The yield on
these notes is approximately .1*8 percent per annum, and
the GDiount which may be turned in on taxes is unlimited. If
1*18.1*
1*31.5
2/
.1*
.8
27.1*
388.9
18.
1*28.1
25.5
353-1
1*33.0
not presented in payment of taxes, the notes will be redeemed
Series C notes were first offered
at the purchase price only.
Intereet on these notea
for sole on September lU, 19^*2.
scale, and is equivalent
each
month
on
a
graduated
accrues
to a yield of ^proximately I.07 percent per annum if held
The amounts which may be turned in on taxes is
to maturity.
unlimited.
If not presented in payment of taxes, the notes
will be redeemable at par and accrued interest, either at
maturity or, on 30 days' notice, during and after the sixth
month after the month of issue.
Sale of Tax Series Treasury notes began in August 19^1.
»»5
Sales of Tax Series Treasury Notes
-
(Continued)
Table 2.- Sales Reported by Seriea, Classified by Denomination
naoal year
or month
g
.
.
...
J»6
Sales of Tax Series Treasury Notes
-
(Continued)
Table 3.- Sales Reported by Series, Classified by Type of Purchaser
Percentage dlstrlbntlon of sales
Sales In Billions of dollare at par
Type of purchaser
Type of porchaeer
Tlieal 7ear
or month
IndlTl duals,
partnerships,
Total
Corporations
and fldnclarlas
ikll
IndlTl duals,
partnerships,
and fldnclarles
Corporations
series
u.ijs.a
402.5
3.753.7
9.7
90.3
19U2-Harch
237.3
28.8
208.5
100.0
12.1
87.9
April
Kay
Jnne
261.0
395-2
420.2
37.2
29.3
35-5
223. S
365.9
384.7
100.0
100.0
100.0
8.5
85.7
92.6
91.5
382.2
399.1
38.9
28.8
86.5
343.4
370.3
854.3
100.0
100.0
100.0
10.2
7.2
9.2
89.8
92.8
90.8
122.4
86.7
187.6
801.0
691.0
1.147.3
100.0
100.0
100.0
13.3
11.1
14.1
86.7
88.9
85.9
14.7
8.6
14.2
85.3
91.4
85.8
19'^^ 1/
July
Angast
September.
.
.
October.
NoTember
December
.
.
.
.
9^0.
923.'*
777.6
1.334-9
61.7
3S.5
?•!
63.6
402.8
384.3
100.0
100.0
100.0
72.1
63.0
9.1
100.0
1942-March
5.4
4.9
.5
April
May
June
4.6
5.2
1(21.3
Tebruary.
March
igUz 1/
uus.o
5-1
4.2
4.7
4.6
July
August.
September.
6.0
4.9
52.9
35.6
October.
HoTember
December..
54.1
33.2
86.7
19l*3-JaBuary...
32.4
.
.
,
.
February
March
.
19U2 1/
igUS-March
April
Xay
Jons
July
An^st.
.
.
September.
19U2-September
October.
Horember.
December
.
.
19113- January. ..
Tebruery
March
.
12.6
15.0
42.7
26.1
65.8
26.8
10.0
12.2
u
1
.
.
.
,
.
.
.
.
*7
Sales of Tax Series Treasury Notes
-
(Continued)
Table 4,- Redemptions by Series, Classified by Means of Payment
BadenptloiLs la
llllons of dollars at par
Percental dlitrllmtlon of rodeaptlona
NMdia of paTsoat
Means of paTxent
or nonth
fetal
£ao«lT«d
for taxoa
Catli
Total
r«deaptlens
Bscelred
for taxee
I.ISU.^
1.103.7
20.7
igUs-March
505.6
5OU.7
.9
100.0
99.8
April
May
46.6
1*5.1*
1*85.2
1.3
1.6
6.9
100.0
100.0
100.0
97.3
95.9
98.6
iv6.1
1*4.8
1.2
527.3
II
100.0
100.0
100.0
97-3
35.3
531.5
56.3
37.8
626.2
38.6
U.9
4.6
100.0
100.0
100.0
88.6
99.3
86.1*
1.8
78.8
2.0
11.8
100.0
100.0
100.0
98.0
97.5
99.0
10.5
.3
100.0
1.1
.1
100.0
100.0
100.0
I9U2 1/
1*2.1
Jane
U92.1
July
AuguBt
September
.
.
October.
.
.
NoTem'ber .
December
igl+3"^B*i'^Lary.
.
.
February.
March
19V? 1/
^1
630.8
88.1
80.7
1,225.9
17."*
19»+2-March
29.1*
1,211*.
16.6
1.2
.3
.2
.1
June
3.7
3.6
.1
July
.5
.3
3
.2
.1
5.0
t.9
.1
.1
.1*
.1*
.2
.2
.2
.2
10.1
9.8
.3
.
.
.
September.
October.
November
December.
.
.
ig 1+3 -January.
Februery
March
..
1*9.9
19U2 1/
igUS-Harch
April
May
June
July
August.
September.
.
.
October.
November.
December
.
.
19U3-January
February.
March
.
1.0
.
.
83.
.5
1.8
:l
'•7.5
2.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1.8
16.6
99.2
.8
59.3
1*0.7
11.1*
95.6
April
May
Au^et
98.2
Caah
redoBptlona
97.3
.7
2.0
2-5
1.0
OWNERSHIP
OF
GOVERNMENT
-ks-
SECURITIES
'*9
Sunmary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
50
\
Summary Data from Treaaury Survey of Oivnershlp of Securities
Issued or Guaranteed by the United States, February 28, 1043
Bummary data
The following tables present
February 28,
19''-3,
United States.
oovered
In
The
the
of
the
large
survey
ownership
account
United States Oovernoent and
for
savings
and
Treasury
the
banks
and
approximately 95 percent
survey,
of
as
guaranteed by the
or
Issued
securities
of
oommerolal
from
Insurance companies
of
overnment-guaranteed securities held by
holdings of
the
all
banks
and
Insurance oonpanlee In the United States.
Table I.- Analysis of Omershlp by Type of Security, by Call Classes,
and by Tax-Bxemption Provisions
FART A
PAR VALUES IN MILLIONS OF DOLLARS
-
FuMlo BarkataUa
Hald
lilt«r«tt-b«urlag aanrltl«> 1/
^
baaka and laanraae* eoapnlaa
eorerod la Treaaury aamx
Said t7
D. 8.
CUHlfleatlom
ovnt
Total
6.977
taadla^ Instltutlona
ont-
I.
7^8 Inanraaoa coapanlaa
6,229 tMuika
Total
5.739
Total
roaaar-
elal
I190
autoal Total
aarlaca
baaki
Ooramaant
a^noiaa
550
flra,
198
oaaoaltj,
Ufa
Inauraaea and Barlm
ooapaalaa laanranoa
ooapaalaa
aad tmat
fiada, aad
raderal
Baaarra
Bald
k]r
all
othar
taraatora
2/
By typo of eecurlty
Seeoritles leaued
"by
Unltad Stataa
8,232
5.390
5.326
5.302
2U
63
56
8
1.U87
1.355
11,161
7.301*
T.Oltl*
6,837
206
261
101
160
818
3.039
Treacrury notea
9.863
6.179
5.882
5.699
183
298
169
128
1,276
2,1*07
Traasary bonda
^9.273
3U,l6l
2U.203
20.136
i*.o67
9.958
8.383
1.575
5.032
10,081
196
12
12
12
•
1
33
150
U.I96
3,100
2.772
2,66U
107
329
276
53
3t3
753
82.9a
56. lit?
'•5.238
1*0.6119
•.589 10,909
8.985
1.92't
8,990
17.781*
Treaenry ^illa
Cortlflcatee of Indatitednaaa
Othar bonda
Ouaranteed laeuas
^
Total
11. fiy call
*
daasea
Boa or flret beconln^ oallabla
VI thin 1 year
23. '•89
11*.
777
ll»,217
13,879
338
561
307
253
2,822
5.890
1 to 5 yaara
20.057
1-3.309
11.510
10.861
ei^9
1,800
1.31*2
1*58
2.371
'*.377
$ to 10 yaara
22,788
17.217
lU,ltl2
12. '•51
.962
2,805
2.285
520
2,0l*l
3.530
6,1*7
lt.028
2.650
2,lU2
508
1.378
1.117
261
757
1.662
3.250
858
597
262
2,392
2,0911
298
1*06
916
5.5h7
3.5'»7
I.58U
7l'^
870
1.963
1,828
135
593
1.>I08
22
19
12
12
82,921
56.11*7
"•5.238
iO,6li9
'•.5«9 10.909
8.9«5
I.92U
8,990
17.78U
1,125
1.105
79
30
1.9
527
1.726
10 to 19 yaara
15 to 30 yaara
Orer 30 yaara
Tadaral Hoaeln^ Adnlniatratlon dabantnraa
Total
111. By tax-axanptlon proriiiona
Vholly axempt froa 7adaral Incova taxaajf/
3. '•57
1.20't
Partially exaopt froa federal Ineoaa
taxaa 5/
as. '•69
19.5'^3
lU,7ln
13.506
l,23U
'•,802
3.625
1.177
3.573
6.353
8abjact to Vaderal Income taxea
••9.995
35. "too
29.372
26,038
3.33i^
6,028
5.330
698
1*,889
9.705
Total
82,921
56,ll»7
1*5,238
^,9*9
l*,589 10,909
8,985
1,921*
8.990
17.78U
(Continoed on following page)
g
1
U
1
51
Data from Treasury Survey of Omershlp of Securities
Issued or Guaranteed by the United States, f^sbruary 28, 1043 - (Continued)
Suiranary
Table I.- Analysis of Ownership by Type of Security, by Call Classes,
and by Tax-Exempt Ion Provisions
PART B
-
-
(Continued)
PERCENTAOE DISTRIBUTION BY CLASSES OF SECURITIES
Public m&rketaUe lutere«t-b«*rliif Baourltlea 1/
Held
Total
anount
outBtaudin^
Claitlfl cation
By type of eecurlty
Securities Issued by United States
Treasury bills
Certificates of Indebtednees
Treasury notes
Treasury bonds
Other bonds
Guaranteed Is sues
5.739
conaar-
Total
dal
baaka
11.8
15.6
13.0
53.5
.2
*
m
5-1
5-5
6.1
59.1*
^.
Total
6.977
Inatltutlona
Held )7
13.0
16.
11*.
U9.5
6.6
U.
Iks Ineuranoa conpanlas
6.229 Monica
9.6
13.0
11.0
60.8
9-9
13.5
11.9
^anks and lafturance cOBpaalaa
coTorod In Tr6aanr7 mirrmr
liy
S.
OoTemnent
sondes
550 fire, and trust
casualty, funds, and
Ufa
marina
and
Federal
Inanranea
Reserve
eonpanlea Insurance
ooBpanlea Banks 2/
193
1190
oatual
aaTln^s
banks
.6
.6
.1*
16.5
2.1*
U.o
88.6
2.7
1.1
1.9
91.3
93.3
8.3
6.7
81.9
1U.2
56.0
«
«
«
.1*
.8
3.0
3.1
2.7
3.8
1*.2
2.3
100.0
28.3
2U.2
27.5
7.8
5.5
6.7
26.3
23.7
30.7
7.2
5.8
6.3
31.1*
3lt.l
25.'*
26.7
30.6
5.3
1'5
1.8
31.9
5-9
1.9
3.5
7.1*
11*.
1*2.7
11.1
5.7
19.0
«
Total
Total
7.6
17.1
13.5
56.7
5
'*.5
Total
By call claesee
Due or first becoming callable
Within 1 yeas
1 to 5 years
5 to 10 yeers
10 to 15 yeeXB
15 to 20 years
Over 20 years
federal Housing Adstlnlstratlon debentures..
By tax-exemption provisions
Wholly exempt from Federal Income taxes kj
Partially exempt from Federal Income taxes
Subject to Federal Income taxes
Held b7
all
other
InTestori
^
100.0
100.0
100.0
100.0
U.2
35-5
60.3
2.1
2.5
32.6
2.7
.1*
31*. 8
33.2
63.0
6l*.9
61*.
26.9
72.7
1,00.0
100.0
100.0
100.0
100.0
100.0
16.5
25.7
12.6
21.9
18.0
3.t
lU.q
25.
12.1*
23.3
20.3
13.2
23.8
27.0
13.6
15.5
7-0
31.1*
26.1*
22.7
g.U
".5
6.6
.1
.1
100.0
100.0
100.0
100.0
.7
.3
1*0.3
2.5
61.2
36.3
39-7
IQQ.O
100.0
1*1*.
55.3
100.0
59.3
100.0
5.9
51*.
1*
33-1
2U.6
19.9
9-3
5.2
7-9
100.0
52
Summary Data from Treasury Survey of Ovmershlp of Securities
Issued or Guaranteed by the United States* February 28» 1043 - ^Continued)
Table !!•- Distribution of Ownership for Each Issue Outstanding
PART A
-
PAR VALUES IN MILLIONS OF DOLLARS
?a'blle aarketalile Interest -bearing flecnrltiet 1/
Held by banks and Insurance eompanlet
corered in Treaeary survey
Held b7
V.
claeelfled by
tax-exemptlQn prorlslon
lesue,
6.223 banks
Total
aaooitt
outatandlBf
7^S insurance companies
a^nclee
Total
6.977
Inetltut Ions
Total
550
flr«,
and trust
198
funds and
caffOAlty,
life
Federal
InB^Lrance and Barlne
Eeeerre
eompaxLlas Insuraaoe
Banks 2/
conpanles
U90
5.739
eoamer- BiattiAl
saTlnge
olal
banks
banks
,
Wholly exempt from Federal Income taJee 2/
Treasury notes
l-l/gjS June
1%
191*3
Septemher 1943
I9U3
l-l/8?k Decemller
IJS
3/l*?S
IjJ
3/U5S
191*1*
March
June
19*
Soptemher igl*!*
I9U5
March
Total Treasury notes
1*21
218
121
109
204
115
21*4
232
175
83
198
113
80
3
3
21
283
718
271
237
177
44
253
3.261
1,191
1,113
1.094
3A57
1,204
1,125
1.105
20
192
638
637
161
582
576
30
56
422
506
330
55
55
20
11*7
26
55
49
105
181
139
1*7
133
68
191
184
Bonds
Postal savings
Panama Canal
Conversion
117
50
29
Total honds
196
Total wholly exempt from Federal
Income taxes
II.
629
279
1*5
252
78
Partially exempt from Federal Income
taxes h/
Treaeury honds
3-3/8)6 June
3-l/U)6 October
19'*3-'»7
U5U
13k\-h^
1,1*01
5-1/1* J5 Aprl 1
19l4*-l*6
1,519
212
792
848
December 191*11-5'*
2-3/l*i6 September 191*5-67
2-l/2?5 December 191*5
1.037
1,21U
541
624
764
411
1*77
191*6-56
'*89
1,036
819
321
634
484
216
19l*6-i*8
3'»5
190
399
296
759
701
1,223
418
612
910
285
239
2-1/256 September 191*8
December 191*8-50
256
191*9-52
3-1/8)6 December
1*51
'*9l
2-1/256 December
191*9-53
2-1/2)6 September 1950-52
2-3/l*)6 June
1951-5'*
September 1951-55
2-lA)6 December 1951-53
June
2)6
1953-55
Ui
3-3/1*56
March
jf
June
3-1/8)6 June
l*-l/l*Jt
2)6
2-3/l*j6
October
December
March
19l*6-J*9
191*7-52
191*7
19U8-51
3^
2-l/lt]6
June
195'*-56
2-7/85S March
2-3/'*)6
2-3/'t)6
2-3/l*f6
1955-60
September I956-59
Jane
December
1958-63
1960-65
Total Treasury bonds
561
350
1*53
61
20
153
211
202
61
51*3
531
718
663
^5i
402
483
378
357
441
251
348
426
205
15
46
42
127
1,786
1,1S6
1,627
1,227
911
1.192
1.075
7t5
885
1,014
683
776
61
62
109
152
166
307
755
1,118
725
33U
847
623
251
196
765
588
55
27
12
84
792
600
681
2,611
542
1,157
629
438
648
394
426
536
359
12
112
35
103
509
41
'*13
39
650
1,156
'•.525
571
982
S.
OoreroBent
1.1*85
l,04l
285
391
244
352
26,581
17,494
12,970
11.813
919
9
55
235
Bald 1)7
all
other
Investors
53
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States February 28, 1043 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART A
Issue, classified ty
taz-flX0Bptloii proTlsloa
-
PAR VALUES IN MILLIONS OF D0LLAH3-( Continued)
50
3
2
7
6
3
5
8
5»^
Summary Data from Treasury Survey of Otmership of Securities
Issued or Guaranteed by the United States, February 28, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued)
PART B
-
PEROENTAOE DISTRIBUTION
'BY
aROUPS OF Ii:"E8T0RS
Public Bark6t&bl« interest-bearing securities 1/
Held by banl» and Insurance companies
coTered In Treasury surrey
Eeld by
n.
iBBue, classified ^7
t&x-extmptlon proTlslon
Total
UBOont
outstandlo^
7^^ insurance conpanles
6,229 banks
Total
6.977
Institutions
Total
5.739
eomnerelal
banks
s.
OoTsmment
acsncles
550
and trust
U90
fire,
198
utnal Total
life
casualty, funds, and
7ederal
savings
insurance and aarine
BeserTe
banks
coBpaniea insurance
Bank* 2/
companies
Esld by
all
other
InTestors
Wholly exempt from Tederal income tares 2/
Treasury notes
1^
li
3/1*^
li
3/1*^
100.0
100.0
100.0
9.8
1.5
9.U
1.2
9-3
1.2
5
.1*
.1*
32-5
U1.3
19.6
100.0
Partially exempt from federal income
~
taxes 4/
Treasury bonds
191*3-1*7
3-3/8* June
191*3-1*5
3-1/1** October
i9l*l*-l*6
3-1/1** April
1*0.
32.0
23.3
9.8
3.2
11*.
10.7
3-5
11 .U
13.1*
5.3
3.3
6.0
13.8
3.7
lU.2
16.7
11.3
5.2
21.1*
18.8
2-7
li*.3
17.1*
11*.
17.0
ll*.2
2.8
2.8
20.3
10.8
6.1
1.8
U.5
17.5
9.9
5.8
12.7
7.6
3.9
3.0
10.9
77.2
7U.5
2.0
2.6
10.0
6.7
3.3
1*1.7
9."*
25.9
56.8
3.1*
5-2
6.7
8.5
lU.O
18.9
26.0
68.5
81.1
7.2
11.1
2.1*
lt.9
1.6
1-7
u.o
100.0
100.0
100.0
62.9
76.0
1*6.2
1*1.7
u
6U.7
60.9
100.0
100.0
100.0
65.6
61.2
59.2
i*i*.l
38.9
1*3.8
38.5
36.1
6.0
100.0
100.0
lOO.O
55.1
87.3
37.6
77-5
31. >•
191*8-51
7'*.3
58-7
54.2
2-1/2* September I9U8
December 191*6-50
2*
3-1/8 December 191*9-52
100.0
100.0
100.0
89.2
79-2
77.1
51.0
2-1/2* December 191*9-53
2-1/2* September 1950-52
100.0
100.0
6s.
60.2
62.8
2-3/1** June
100.0-
19U5
3-3/1** March
191*6-56
June
3*
3-1/8* June
191*6-1*8
U-1/1** October
191*7-52
2*
December
2-3/1** March
191*6-1*9
I9U7
1951-5"*
81*.
5
76.9
76.8
73.3
1*5.6
1*1.9
1*2.2
5l*.l*
September 195I-55
2-1/1** December
1951-53
June
2*
1953-55
100.0
100.0
100.0
itit.3
33.2
75.7
86.0
70.9
82.7
195l*-56
79.6
6U.1*
1955-60
2-7/g* March
2-3/1** September I956-59
100.0
100.0
100.0
1*4.3
6i*.o
UO.l
62.6
20.5
36.5
2-3/1** June
2-3/1** December
100.0
100.0
76.0
70.1
31.0
26.3
26.6
23.7
100.0
65.8
1*8.8
l*l*.U
3*
2-1/1** June
1958-63
I960-65
Total Treasury bonds
3
2-3
3-1
38.0
1*0.7
S-l/2* December
1.7
2.1
7.8
10.7
l*.l*
1*6.1
19U547
l.U
11.0
13-9
60.
December
2.3
6.7
1*2.3
2-3/1** September
15.1.
1*.0
U6.7
56.5
55.8
igl*!*-*
1-5
Hi
100.0
100.0
100.0
It*
2.U
.1*
5-9
Total wholly exempt from federal
income taxes
11.
2.U
19.9
17-3
19.8
10.8
33-5
36.5
Total bonds
1.3
1.2
.1
.6
.3
2.1*
100.0
•
"5-3
6U.6
1.3
1.8
15.8
37.7
Bonds
Postal savings
Panama Canal
ConTersion
9-5
15.0
35.2
1*6.1
1*1*.
Total Treasury notes
1*7.3
11.1*
'*5.1
1*2.2
1*7.1*
25.9
18.1
15.5
35.3
100.0
100.0
100.0
100.0
6
1*3.3
.9
1*2.5
191*1*
March
191*1*
June
September 19l*U
I9U5
March
191*3
September 19U3
l-l/gjt December
1.3
2.1
2.0
6.2
1.1
19.0
100.0
100.0
100.0
31*.
191*3
l-l/8!6 Juno
21*.
8
U.3
3.6
u.u
15.6
7."*
5.3
.2
13.5
1.0
8.8
n
9.5
9.5
1:1
15.0
3-9
16.3
12.7
13.3
8.0
3.1
2.1*
3.3
2.5
3.0
13.8
13-3
5.0
15.2
19.5
23.9
7.3
6.8
16.9
17.3
18.
5-3
1*5.
36.0
9.0
1*3.8
35.'*
8.1*
17.0
12.7
~i*J
9.0
9.5
32.7
38.1*
6U.U
51.5
)
55
Summary Data from Treasury Survey of Omershlp of Securities
Issued or Guaranteed by the United States, February 28, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
PART B - PERCENTAOE DISTRIBUTION BY GROUPS OF INVESTORS- ( Continued
tax-ex«optloa proTlalon
-
(Continued)
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
-56-
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31. 1943
Table I.- Securities Issued or Guaranteed by the United States Goveminent
58
Over-the-counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31, 1943 - (Continued)
Table I.- Securities iBswd or Guaranteed by the United States Government
PART C
an
Price nmc*
•IncB flrtt trad«4 2/
(Frio* daalial* ar«
tiilrty-s«coBd«)
Tl*li tatk 1/
thlrty-ueanls)
Aaoont
mt-
Sat*
Cha>c»
tftnd-
U
ua
OBierlptlo&
AtSc
(Mll-
(Continued)
lAX-EXEMPT BONDS AND NOTES
-
PrlM te««
(?rlM daslakls
-
la
trm
Tltld jitHi
tram
2/
19H3
191*3
Katurttx
Hl^
?ri3»
lesuAd
1)7
U.
S.
19l»2J»3 prlea
g/
tUrtj-uaondi)
High
Ls»
Hat*
ru«*
(Prlo* dcala&li ar*
Lo*
Sat*
Frie*
OoTemaeot
TreaBxiry tonda
$
6/15/'t3-'*7 8/
- lO/i5/!«3-'t5
. u/i5/i|l»-U6
IOOJ.9+ 100.20 100.20
10U.3+ 101.11*+ 101. ll*
102^0+ 102.21+ 102.21
2-3A
- 12/15AU-54
- 9/15/1*5-67
105.07 105.09 105.08
104.09 10l*.ll lOU.lO
5^1
2-1/2
12/15/U5
i*S9
3-3/'*
1.51.
l.Moi
1.519
1.037
i.aiU
1,036
819
759
701
1,223
U5I
3-3/8*
3-1/U
3-l/ii
k
•15
• 09
3.'*5
.12
.16
•15
.98
1.06
1.10
1.11
1.22
lOlt.OO 10l*.02 lou.oi
.01*
2-1/2
107.01
106.15
lou.oo
110.07
.08
03
.01
.08
1.12
1.28
1.27
1.27
1.52
106. 08 106.10 106.09
106.17 106.19 106. 18
-.01
9/l5/'»8
12/15/1*8-50
3-1/8
12/15/U9-52
786
2-1/2
2-1/2
12/15/1*9-53
9/15/50-52
,627
2-3/1*
6/15/51-51*
755
118
2-1/1*
9/15/51-55
12/15/51-53
1,1*85
2.66S6
2.31*
12/15/1*7
107.00 107.02
106. ll* 106.16
103.31 lOU.Ol
110.06 110.08
2
6/15/53-55
2-1/1*
6/15/5^56
2-7/8
3/15/55-60
9/15/5&-59 2/
6/15/58-63 2/
12/15/60-65 2/
2-3/1*
2-3/'*
2-3/U
3.02
1.79
2.03
2.66
12/15/37 109. 21*
3/15/26 116. lU
6/15/31* 112.28
6/15/31 113.19
10/16/22 122.22
.03
.00
2
2-3/1*
3/15/U8-51
1. 76
.02jt
.57
.68
.89
.97
10/15/1*7-52
hi
2
725
681
2, 611
982
919
107.27
106. 00
106.12
113.12
10U,02
107.26
105.31
io6.li
113.11
.3'**
107.25
105.30
106.10
113.10
3/l5/'*6-56
6/l5/>t6-5s
6/15/l,6.U9
491
.186
10l*.01 IOU.03
6/15/27 lll.ll*
6/5/39
111.07
6/5/39
111.26
6/7/39
12/15/21* 116.19
6/22/39
9/16/35 110.12 12/12/1*0
.08
.08
.07
.17
.12
.17
.11*
.09
.09
.09
.11
.oi*
.01
-.03
.00
.01
1.1*5
-.02
1.96
1.51
.02
.01
1.85
1.75
108.08 108.10 108.09
110.05 110.07 110.06
-.01
-.01
i:r7
1.70
•.01
-.01
1.93
2.07
10"*. 29
lOlt.31 lOlt.30
03
1.61*
.01
1.71*
103.09
105. 08
109.17
108.21
108.21
109.01
103.11
105.10
109.19
108.23
103.10
105.09
109.18
108.22
108. 23 108.22
109.03 109.02
•.05
-.02
-.02
-.01
1.65
1.73
1-97
2.01
2.08
2.13
-.02
1.70
1.80
2.20
2.12
2.21
•
.00
.00
•03
Km
-.01
.01
-.01
.00
.00
1/11/32 101*. 01 1/22/1*2 100.20
1/10/31* 10lt.20 1/22/1*2 101. ll*
9/17/3"* 105.20 I/22/U2 102.20
1/11/32 108.29 l/ll*/lt2 105.08
9/17/35 106.13 1/21/1*2 loft.io
12/lU/UO 101.31 12/15/37 105.30 3/25/1*2 10"*. 02
12/ll*/l(0
89.18 1/12/32 110.16 l/ll(/U2 107.26
12/16/ltO 97.28
9/17/3"* 108.01* 1/28/U2 105-31
12/11* /UO
83-05 1/11/32 108.17 l/lU/l(2 106.11
12/llt/l*0
98.18 10/8/23 116.01 1/5A2 113.11
12/12/ltO 99.11* 9/25/39
i*/l/37
12/12/1*0 99.10
12/12/1(0 100.30
5/2U/U0
12/12/1(0 101.10
115.01* 12/12/1*0 101.07 12/15/3"*
12/15/38
3/16/36
3/15/38
12/8/3?
12/15/34
107.20
111.18
111.01
107.00
12/15/36
9/15/38
6/15/36
9/15/31
12/22/39
108.28 12/10/1*0
108. 30 12/10/1(0
110.26 11/12/1*1
96.19
99-15
98.16
113.21* 12/30/1*0
82.08
107-01 11/22/1*1 101.08
11/22/1*1 101.19
11/12/1*1 102.02
10/7/1*0
7/22/1*0
11/1/Ul
3/15/35
9/15/36
6/15/38
12/15/38
2.2l*
87.20
97.29
99-30
91*. 06
99-27
10/29/1*1
U/l/Ul
11/lAl
98.30
98.10
99.15
99-11*
3/31/U3
3/3l/'*3
3/3i/"*3
3/31/1*3
3/3l/'*3
3/3l/'*3
3/31 /'*3
3/31/'*3
3/31/1*3
105.01 3/23/U2 103'.27 12/19/1*2
108. 06 3/23/"*2 106.16 2/13/1*2
107.17 3/23/1*2 105.31 2/13/H2
105.01 3/2l(/l*2 103. 18 2/18/1*2
110.31 3/2l(/l*2 109.06 2/18/1*2
''/8/37 106.25
9/25/39 107-03
Vl/37 109-00
1/11/32 111.01
5/2l*/l(0
3/3l/'*3
3/2l(/'*2 10lt.2S
6/l5/'*2 105.02
5/25/U2 106.28
5/25/1*2 108.28
105. 18 5/25/1*2 103-10
2/15/1*1 ICh.
7/2U/ltO 105.
9/20/35 110.
Vl/37 109.
9/25/39 110.
9/25/39 110.
5/29/1*2 102.00
6/17A2 103.10
6/l7/"*2
6/9/1*2
6/3/1*2
6/17/1*2
108.00
107.12
107-15
108.01*
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/18/1*2
2/13/1*2
Other tonda 10/
106.12 106.28 106.20
108.12 108.28 108.20
128.16 130.00 129. 08
- l/l/lt*
16 }i Comreralon
- 1/1/1*7
ConTBrelon
13
Panama Canal - 6/1/61
50
629
279
lt21
515
Ul6
283
718
Treaanry notaa
l-l/8itA- 6/I5/U3
0- 9/15/^3
1
1-1/8 B- 12/15/1*1
B- 3/15/W
I
A- 6/15/1*1*
3/1*
0- 9/15/W*
1
3/U
A- 3/15A5
100.01* 100.06 100.05
100.08
100.15
100.17
100.11
100.27
100.17
100.10
100.17
100.19
100.13
100.29
100.19
100.09
100.16
100.18
100.12
100.28
100.18
+ .01
1.21
.00
.36
•38
-.01
.1*1
+.08
.1*1
+ .OI*
+ .05
+ .01
.00
.1*1*
.1*0
.1*6
Commodity Credit Corp
95
835
1/
2/
]J
3/1**
T-
3
100.01 100.02 100.02
f
-
5/15/W*-"*9
779
755
Home Owners' Loan Corp
3?E
a:
Vl/'t'*-52
1-1/2 M6/1/1*5-47
111*
Federal Pttblle HoTialng
Authorl t.y
l-3/8ifB^
IJl/kk
6/15/1*0 102 15
"by
.
12/15/38
11/1/39
6/15/39
12/22/39
103. 08
102.15
101.15
102.16
3/15/w 101.16
U.
1935
3/3l/t3
75-00
75-00
i*/3/i*o
99.01*
11/8/1*0 100.09
U/2/liO 93.30
1920
108. 30 2/11/1*2 106.20
110. IH 2/11/1*2 108.20
6/18/21 129.08 3/3l/"*3 12l(.08
9/6/39 101.
3/3l/"*3 101.
9/6/39 101.
11/9A0 100.13
9/27A1 97.16
6/10/1*0 101.
12/9/1*0 100.10
6/11/1*0 101.
6/10/1(0 101.
8/6A1
98.26
9/6/39 100.
3/3I/U3
3/3l/'*3
1/15/1*2
3/31 A3
100.09 3/31/"*3
100.16 3/3l/'*3
100.18 3/31 /'»3
100.12 3/3l/"*3
100.28 3/3l/"*3
3/27/"*2 100.12 11/18/1*2
I/28A2 100.05
1/28/1*2
1/25/1*2
1/28/1*2
l/2B/!*2
l/2g/l*2
Ooremment Jj
S.
.
5/1/1*3
Tederiil Tarm MTO. Corp.
3/l5/Ul(-61*
3-1/1*
6/15/38 103.00
+ .02
Quaxantead
$289
1/1/16
115.00
1/1/17
6/1/11 129.08
+ .01
.67
0/32
102.12 102.14 102.13
102.16 102.17 102.16
.06
.06
.71*
102.13 102.11* 102.14
101.04 101.06 101. 05
.06
-05
-7"*
.00
-96
+.05
100.20 100.22 100.21
.02
-59
.00
.76
8/1/40 101.02 12/14/1*0 lUO.OO 12/10/1(1
-38*
--03
.00
3.09*
2.56
1/28/4: 100.02
3/3l/t3
6/8/39
6/5/39
98.02
95-03
9/18/3"* 104.30 1/28/42 102.13
9/12/31* I0l*.28 1/28/42 102.16
3/3l/"*3
3/3l/"*3
5/1/3U 109. 18
6/6/W
6/1/39 103.26 12/13/1*0
95-0^
96-24
9/12/3"* 104.26 1/28/1*2 102.14
9/25/39 102.01 1/28/42 101.05
3/31/1*3
3/3l/'*3
2/1/39 103.02 12/14/40
99-07
9/25/39 101.11
2/7/1*2 100.21
3/3l/"*3
3/15/3"* 110.07
5/15/3"* 109 .22
.
2.70
1.21
Vhen the price of a security 1b such as to result In a negative yield,
the exceee of price over sero jrleld Is glren In the yield columne In
kj
thlrty-fleconds.
^
Prices represent the mean of closing bid and ask qfuotatlona In the
over-the-counter market except that prlcee of Troamiry, Federal Farm
Mortgage Corporation, and Home Owners' Loan Corporation bonds for the
period prior to October 1, 1939 represent closing prices on the New York
Stock Exchange.
"When Issued" prices are Included beginning October 1,
Dates of highs and lows. In case of recurrence, are the latest dates,
1939*
Computed on mean price to call date when mean price Is above par and to
maturity date when mean price Is below par.
jj
6/
S/
2/
10/
Included In average of long-term taxable Treasury bonds shown later
In this chapter.
Security is not transferable to commercial banks before designated
date In 1952.
(Quoted on yield basis since November 12, 19^2; prior price quotations have been converted to yields for back flgiires.
Excludes Federal Housing Administration debentures and Isauea held
entirely by government agencies.
Called on February lU, 19U3 for redemption on June I5, 15^3'
Included In average of long-term partially tax-exempt Treasury
bonds shown later in this chapter,
Excludes postal savings bonds.
59
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 31, 1943 - (Continued)
Table II.
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
PARI A - ISSUES QUOTED ON A PRICE BASIS
laomt
out•tanl!"«
(Milllona)
60
YIELDS
OF TREASURY SECURITIES MAR.
Based on Mean
31,
of Closing Bid and Asked Quotations
1943
)
61
Average Yields of LonK-Term Treasury and Corporate Bonds
The partially tax-exempt Treasury bond aTerage consists
of partially tax-exempt Treasury bonds which are neither due
Partially tax-exempt bonds
nor callable for twelve years.
are those the Interest on which Is exempt from the normal
{In addition,
Interest
ratee of the Federal Income tax.
derived from |5,000 aggregate principal amount of partially
tax-exempt Treasury bonds and United States earlngs bonds
Issued before March 1, 19^1 Is exempt from the surtax rates
of the Federal Income tax.
The taxable Treasury bond average consists of taxable
Treasury bonds whloh are neither due nor callable for twelve
Bonds which may not be held by &T1 olassas of Invesyears.
As of March 31, 19't3,
tors are excluded from the average.
there were two euoh bonds - the 2-1/2' s of 1962-67 and the
2-1/2' 8 of 1963-68.
Taxable bonds are those the Interest on
which Is subject to both the normal and surtax rates of the
Federal Income tax. This average commenoed October 20, igln.
The corporate bond average consists of long-term highgrade corporation bonds.
This average was originally compiled In 1935 '°'' Internal use In the Treasury Department,
because the published averages at that time Included eo many
bonde selling above their call prloes that they bad lost
theli* sensitivity to changes In Interest rates.
The origithe non-callable bonds
nal Treasury average consisted of
Included at that time In Moody's Aaa average (except for
one bond, the yield on which was unrepresentatlvely high)..
There were nine bonds in the original Treasury average, and
its computation was carried baok retroactively to 1933-
During 1935
8 large number of the high-grade bonde
which had been selling above their call prloes at the time
the Treasury average was first computed were refunded at
lower rates of Intereet, and at the cloee of the year the
Treasury average was expanded to Include callable bonds with
a coupon rate of Interest not higher than 3-1/2 percent.
There were fifteen bonds Inoluded In the average after this,
to
Include
expansion.
The average was further expanded
twenty bonds on August 1, 1937
and was oontlnned without
further change until the middle of 1939.
>
.
f
In the meantime a further decrease In Intereet ratee
had caused a large proportion of the bonde In the Treasury
average, despite their low ooupone,
to rise above their
call prloes,
and thus to lose their sensitivity to ohanges
Interest rates.
This situation wac described In
"Treasury Bulletin'' for July 1939, Pagf i'^, «• followe:
in
the
"Long-term Interest rates have daoreased to
such an axtent within the paet year that all of
the oallabls bonds pravlsusly Inoluded In the
Treasury average of high-grade oorporate bonds are
now selling above their eall prloes, and thus have
become relatively Insensitive te ohanges in Interest rates.
It has therefore keen necessary to
revise the Treasury Index.
It Is not poeelble at
the present time to obtain a broad list of corporate bonds upon which to base a satlsfaotory
average, because all actively traded high-grade
callable bonds are now selling above their oall
prices,
and beoanss there are very few long-term
high-grade non-oallable bond* other than rail*.
In view of theee dlffleultles, the Treasury corporate bond average will be temporarily based upon
a small list of bonds whloh are aetually 'free' to
move and so indicate staangci in the underlying
market.
The number of bonds will be Inoreased at
eome future date when additional Iseues suitable
for inclusion In the index are available. The new
Treasury Index is baaed upon five bende and has
been carried back to September ik, 1938, when the
old and new averages were Idcntioal.'
The oompoBltlon of the average was further revised on
July 1, 19'H, but the number of bonde was continued at five.
Bonds now Inoluded In the average are indicated in the following table, which ehowe the oompoeltlon of the average
from its Initiation to the preeent time.
Each of the bonde
now inoluded Is either non-oallable or has a coupon rate of
interest not exceeding 2-3/'V percent.
Ae Indicated In the quotation from the July 1939
"Treasury Bulletin"
the number of bonds in the average
will be Inoreaeed when additional issues are available in
Buffiolent number to make this practicable.
This has not
yet occurred, and It seeme preferable, now ae in 1939,
that
the Index sheuld oonsist of a small number of iesuee free to
reflect ohanges in Interest ratee rather than of a larger
number of Issuee unable to do this freely because of their
oall prices.
,
...
..
..
6s
Average Yields of Long-Term Treasury and Corporate Bonds
~
Partially
Taxable
taxTreamiry
exempt
Treasury
bondB
(Percent)
Partially
taxexempt
Hlghgprade
corporate
bonds
TreaB^lry
bonds
bondfl
Monthly Series 1/
2. SB
2.79
2.77
3.60
1938- Jan..
Feb..
2.65
2.65
3-29
Vt..
2.61*
2.74
2.72
2.72
3.'»7
Apr..
May..
June.
2.62
2.51
2.52
2.69
2.76
2.85
3-35
i.kk
July.
Aug.
Sept.
2.52
2.51
2.58
2.85
2.83
2.83
3.U6
KoT
Dec
2.50
3-39
Oct..
Hot.
Deo..
1936-Jaa
Feb
Mar
2.80
2.77
2.71
3-32
3.26
3.2U
1939-J«n..
Feb..
Mar..
2.1*7
2.68
2.66
2.66
3.2I*
Apr..
May..
June.
2.30
2.17
2.13
July.
Ang.
Sept.
2.16
2.21
2.65
Oct..
BOT.
2.60
Deo.
2.35
1935- Jan
Feb
Mar
Apr
May
June
.
.
.
July
.
.
.
Aug
Sept
Oct
Apr
May
June
.
.
.
July.
.
.
i.ke
3. "3
3.'»7
3.1*1
3.22
3-19
2. 61
3. 18
3. 18
Sept
2.60
3.15
Oct
2.62
2.53
2.51
3.1"*
Aug
Not
Dec
1937- Jan
Feb
Mar
July,
. .
.
.
.
.
Aug
Sept
.
Oct
Not
Dec
igUs-Oet.
3.
10.
17.
ZU.
31.
Hot.
7.
lU.
a.
28.
I9't3-Mar.
1.
2.
3.
U.
5.
6.
8.
9.
10,
.
igltO-Jan..
2.1*9
2.1*1*
2. 31*
2.1*6
Feb..
Mar..
2.30
2.32
2.25
2.80
2.76
2.76
3.1*3
3-36
3.31
Apr..
May..
Jane.
2.25
2.38
2.39
2.72
2.72
2.77
3-27
3.25
3.26
July.
Aug.
Sept.
2.28
2.25
2.18
2.76
2.71
2.67
3.26
3.22
3-17
Oct..
Sot..
2.10
1-97
1.89
2. 60
.
3.11
3.07
2. Us
3.24
3-36
2.1*7
2.1*6
Apr
May
June
2.65
.
Dec.
Partially
Hl^-
Taxable
grade
Treasury
corporate
bonds
bonds
-
Date
taxexempt
Treasury
bonds
HighTaxable
grade
Treasury
corporate
bonds
bonds
63
GOVERNMENT
AGENCIES
CORPORATIONS AND CREDIT
OF THE UNITED STATES
6k-
68
.
U
9
U
5
65
Assets
axid
Liabilities of Govenuuent Corporations and Credit Agencies
February 28, 1043
(In mlllione of dollars)
InTeatments
Pro.
Corporation or sgenoj
Total
Loans
ferred
capital
stock
V. S.
Caeh
GoTem-
1/
nent
eecurltlea
etc.
cooperatlTee
Commodity Credit Corporation
IXsaster Loan Corporation
BanJce for
1.997.5
21.2
Export-Import Bank of VaaMn^ton
Farm Credit Administration
Farm Security Adninletratlon
Federal Crop Insurance Corporation
Federal Deposit Insurance Corporation...
Federal Farm Mortga^ Corporation
198.5
25s.
264.0
117.0
teed by
United
States
2/
86.1
1.8
102.8
lU.8
estate and
other
biBlneBB
E«iil
38.1
U89.6
".3
21.0
9.5
569.3
121.1*
2U7.9
S'.O
1.563.7
208.5
39-8
179.0
paid-in
ment
surplus of
corporaGoTerimient
property tions and
corporaagencies
tions
.1
378.1
139.0
2,032.1*
1.531.^
2U.I
2.6
2.6
^
65.5
127.5
89.2
.1
.1
5l*.2
357.'t
3W.9
2.0
•3
.3
20.2
109.6
1.2
361.2
Adjustment to eliolnata Interagency
interests
-10.599.5
Net total
23,967.2
t.3
59.9
.2
.1
1.3
1.9
7-2
.7
31.7
5.1*
99.6
8.6
2-5
7.lt
6.1
127.6
7.0
10.0
53.9
1-5
3.8
7.2
35.0
91.
2-3
1.1*
2.6
17.0
.7
1*2.1
5-7
a9.i
1*.2
.7
.1
.1*
,
21.2 8/
62.U
8.3
57.1
.6
189.1*
139.1*
1*,105.8
29'5l/8/
8,022.1*
1*^.9
1*81*.
589.6
589.6
12.6
5^.7
2.2
8.8
6.7
6.9
610.1
3.7
2.2
.1
28.0
17.3
k.O
3.706.2
i,ii*6.o
i.iue.o
229.1*
229.1*
(Continoed on follovlng pag9)
3-7
U.9
.5
629.5
187.8
it.067.3
12.3
500.2
26.3
8,022.1*
360.7
.2
826.2
566.
.1*
81.
59-8
6.2
31*.
20.6
22.7
10.5
1.2
7.6
3.832.8
5.90it.7
5.U
2.8
627.1
Other Qovemment agencies 11/
.i*
51.3
89.2
96.2
5.01(0.6
30.3
.5
109.3
War corporations (World War II) 10/
War Shipping Administration
.1
l,6lU.Uj/
7.3
30.8
1*2.0
10.7
6.1
22.5
6.531.6 1/ 1.526.98/
63.0
3.1
-.
BFC Mortgage Company
Bural Electrification Administration...
Tennessee Valley Authority
530.2
l*.l»
1.1*
Other
assets
.7
16.0
U.l
Ci^ltal
stock and
7.8
1*5.0
2,083.0
51*9. 1»
from
Oovem-
15.2
17.9
30.7
21'i.lt
IXie
77.1*
.1*
1*3.7
Panama Ballroad Company
Production credit corporations
Puhlic Works 6/
Gross total
120.6
239.6
95.6
^
Tennessee Valley Associated
CooperetiTee, Inc
United States Maritime Commission
War corporations and actlTlties (World
War I) a/
gtiaran—
33.6
38it.6
^
Puerto filco Beconstruction Administration
Beconstructlon Finance Corporation..
Regional agricultural credit corporations
Accounts
and other
receivables
6.1*
32.7
682.1(
l,lUl.6
Federal Puhlic Housing Authority
Federal SaTings and Loan Insurance
Corporation
Federal Security Agency - student war
loans
Home Owners' Loan Corporation
Inland tfatervays Corporation
Interior Department (Indian loans)
21.7
2.6
Securltlee
2U.7
Federal home loan hanks
Federal Eouelng Administration
Federal intermediate credit hanks
Federal land hanks k/
Federal National Mortgage Association...
Federal Prison Industries, Incorporated.
121.1
270.
Interagency assets
792.1 1.1*39.7
792.1 l.'*39.7
1.359.3
1.359-3
50.1*
87.8
5.839.0
27.6
10,138.7
1*60.7
-10,138.7
-1*60.7
9.903.9
9.903-9
u
7
.
.
66
Assets and Liabilities of Government Corporations and Credit Agencies
February 28, 1943
-
(Continued)
(In millions of dollars)
Proprietary interest
LlftbllitleB and reserves
Oraed by United States 12/
Liabilities
Excess
Corporation or agency
Total
Bankf for cooperatives
CoEinodlty Credit Corporation
Disaster Irfian Coi*po-«-ld
Guaranteed by
United
States
(includes
accrued
interest)
62.3
1.915.0
780.'
.2
Export-Import Bank of Washington
Fea-m Credit AdminiBtratlon
7am Security Administration
Federal Crop Inourance Corporation
Federal Deposit Insurance Corporation.
Federal Farm Mortgage Corporation
.
Federal land banks U/
Federal National Mortgage Association....
Federal Prieon Industries, Incorporated..
Due to Government
corporations and
agencies
teed by
United
States
Treasury
.8
267.lt
1.6
115.7
17.9
23.2
.1
91t2.lt
8.1t
369.9
83.7
21.7
71.0
U.6
.2
296.lt
1,528.6
90.3
•5
5
l.lt
1,91*7.0
1,554.0
^
32.6
310.5
.6
Panama Ral Iroad Company 5/
Production credit corporations
5.it
7.7
.5
War corporationB (World War II) 10/
War Shipping Admlnietratlon
Other Government agencies 1 1/
Gross total.
20.2
1.507.1
1,1*79.2
.7
.1
.1
921.1
227.0
1, 367. It
9lt.2
3. 51*2.1
lt5.2
296.0
IU.7
289.3
100.0
150.0
100.0
35.0
150.0
100.0
121*.
i?lt.7
11*.
139-3
It,
90.5
90.5
88.1
60.0
28.1
263.2
117.1
10.0
IU6.I
25.1*
25. 1*
15.6
15.6
21.1*59.7
11.320.9
72.2
1*.
U,
357.1
357.1
5.7lt7.8
lltl.2
36.9
l*.l
l:.l
50.0
85.1*
85.lt
.2
23.3
2.S
23.3
2.6
57.8
127.1
89.2
57.8
127.1
89.2
22.3
622.1
62.0
22.3
622.1
62.0
25.2
127.6
25.2
127.6
l*.3
5lt5.lt
5lt5.U
27.9
2,325^6
2,325.6
.1*
5-5
5.5
25.5
-2lt.O
ll.O
11.6
132.8
119 .U
599.2
119. It
186.6
-86.9
19.8
599.2
5.832.5
5.832.5
1.8
1?5.0
l*,367.6 1.216.0 13.107.0
-5.771.1
.U.367.6
U.l
200.0
12.0
jj
S/
9/
10/
ll/
12/
ij/
-lilt.
6
11.3
2.6
7.0
120.0
50.8
7.1
89.2
22.3
325.0
^^
5
297.13/
17.5
25.0
127.6
51*5.
.3
2.325.6
599.2
ItltO.O
-U60.7
1,216.0 12,61*6.3
5.71*7.8
It.l
1.0
5.771.1
Dally Treasury Statements.
Less than $50,000.
Excludes xinexpended balances of appropriated funds.
Includee deposits with the Reconstruction Finance Corporation and
interest thereon.
RepresentE chiefly cocmodity loans and underlying security taken
over from lending agencies pursuant to guaranty purchase agreements.
Also includes commodities acquired throu^ direct purchases from
prodiicers and others, as well as interagency transactions of "lendlease" fi_ndB which figures are not avalltble, and which would otherwise be shown under "IXie from Government corporations and agencies".
Includes the assets and liabllltleE of the Federal Land Banks of
Louisville and Houston which have retired stock and paid-in surplus
previously held by the Federal Government.
Figures shown are as of January 31. I9U3, the latest available.
Consists of loans made by Public Works Administration for
$88,768,7^7 and by War Publln Works for $1+5U.706.
15.1*
11.5
100.0
80.0
229.7
72.2
-20.3
136.9
.2
56.8
22.3
.3
Net total
1/
58.2
229-7
81.6
-IC.138.7
y
UJ
It.l
Adjustment to eliminate Interagency
interests
Source:
369.1*
8lt.l
RFC Mortgage Company
Rural Blectrlfication Administration
Tennessee Valley Authority
Tennessee Valley Associated
Cooperatives, Inc
United States Maritime CommiEsion
War corporations and activities (World
War I) 2/
It.
.9
2lt.0
175-0
llt2.2
.2
Itl3.2l/S/
a.o
197.3
lll2.2
.2
91*3.88/
2U.9
-17.5
-3.0
136.9
.3
1.0
172.0
100.0
296.0
226.8
.3
5.909.51/
196.9
82.5
1*5.2
1*89.9
Piiblic rforke 6/
Puerto iUco Reconstniction Administration
Reconetruction Finance Corporation
Regional agricultural credit corporations
Nonstock
296.0
63.1
^
Home Owners' Loan Corporation
Inland Waterways Corporation
Interior Department (Indian loans)
Capital
Surplus
stock
Total
1*5.2
.1
8.6
283.5
5.7
68.2
2.0
2.0
202.5
82.5
21.0
193.0
90.5
88.1
98.8
n't. 3
1|07.2
assets
Pri(Total
vately
proprie- owned
tary Interest)
197.3
9
221.2
17:^
1.593.0
189.0
Corporntl on
Federal Security Agency - student war
loans
59.9
751.0
213.1
71.0
26.5
296.6
Fflderel Public Housing Authority
FederpJ. Savings and Loan Insurance
Heserves
Other
•
17.9
393.1
1,041.6
Federal home loan banks
Federal Bousing AdirinlRtretlon
Federal intermediate credit banks
Not
gviaran-
.1
1.?
213.7
238.7
.
of
12,667.0 2.126.2
5,320.7
5l*l*.l*
-1*59.7
-1.0
12,206.3 1,666.5
51*3.1*
-1*60.7
ltl*0.0
11.8
9.996.1*
9,996.1*
Includes the Electric Home and Farm Authority which wac transferred
for piorposes of liquidation to the Reconstruction Finpnce Corporation by Executive order effective October 31, 19^^.
Adjusted for interagency items and items in transit.
Comprises Navy Department (sale of surplus supplies), U. S. Housing
Corporation, U. S. Railroad Administrfttion and U. S. Spruce Production Corporation.
Comprises Cargoes, Inc., Defense Homes Corporation. DefenFe Plant
Corporation, Defense Supplies Corporation. Institute of InterAmerican Affairs, Inter-.Amerlcan Navigation Corporation, Metals
Reserve Company, Rubber Reserve Company. Smeller War Plants Corporation, United States Commercial Company' and War Damage Corporation.
Comprises Treasury Department and other Government agencies not
listed in this statement.
Excluded the interest of the United States represented by obligations held by the Treasury.
Excludes $U5,000,000 in transit to Federal Farm Mortgage Corporation.
67
Sources of Funds of Certain Government Corporations and Credit Agencies
for the First Eight Months, Fiscal Year 1943
Corporation or &e«nc7
Central Bank for Cooperatlres
AllocatlonB, rediscountB, aud loans from
other goveminBat corporatlonB and credit
a^ncies (net)
Appropriations
froB Ooueral
fund of tha
Treaeury 1/
22.000,000
Commodity Credit Corporation
-9. 815.
Sale of obligations In
the market
(net)
Sale of
obligations
to Treasury
(net)
Sale of stock
to other
agencies
2l»,099,362
$
Silt 2/
$
350,000,000
$
$
-332.500
59,165,000
Disaster l«an Corporation
Ixport-Ifflport Bank of
Weahlo^on
Federal Deposit Insurance Corporation
198,769
Federal Farm Mortgage Corporation
-263,000,000
Federal home loan banks
-1*6,000,000
Federal National Mortga^ Association
Federal Public Housing Authority
-9.672.519
8,229.013
9,000,000
Federal Savings and Loan Insurance Corporation.
-2Ul,000.000
Home Ovnera' Loan Corporation
Beconstructlon Finance Corporation
^
8,151,000
RFC Mortgage Company
Electrification Administration
fiural
War corporations k/
Total
Corporation or agency
15.506,769
2,0l«),521
56it,870
150,000,000
l,7l*1.866,l27
$172, Its'*. 020
$l,780,7l't,398
Sale of other
property
acquired
Central Bank for Cooperatives
Commodity Credit Corporation
Disaster Loan Corporation
^
Total.
Source:
1/
2/
Total, sources
of funds
73.262.7I8
6.177,387
30.776.607
1,51*1,518,055
5. '485. 569
-966,162
81,561
14.623,199
10.09'*,
355
3. '463.259
$
21*, 071*
1214,221*. 01*1
$
13. 557. 61 1*
18.631,358
68.05!*, 560
136.132
87.020,8140
90,106,937
1*0,661,295
9,51*6.91*1*
-116,250.1*69
15't.332,o6l
3.161.007
-255.375
111,237.693
13, '413.659
6.61*0,828
-133.323
10.909,327
130.039,058
8,701,028
21*9.371
156,218,1*70
'4,1*36,667
15.595
1*,U52,262
38. 1*90. 751
1*. 952.2'*!
70.317,585
65.977.337
7?, 737,911*
'4,873,026
2'*3.S31,6o6
65.519.721*
2.221,091
2U7,g85
15.'tl7,978
2,1*97,1*07
310,638
8.139.581
5.377.088
35
16,122.091*
1*93, 981*
999.062,513
3.471.S05.973
$289,260,706
$1,108,013,200
$7.1*12,912,136
6, Its'*. 305
660,682
Hural Electrification Administration
War corporations k/
Other receipts
21.231
Federal Savings and Loan Insurance Corporation...
BFC Mortgage Company
Interest, dlTidends, assessments, and
property income
$1,117,500
$1,031,951,858
Federal Public Housing Authority
Eeconstructlon Finance Corporation^
$-310,33'*, 000
$1,728,657,000
725,01*9
Federal home loan banks
Home Ovmers' Loan Corporation
1.500,000
77,756.057
Federal Deposit Insurance Corporation
Federal National Mortgage Association
Bapaynent
of loans
$
Export-Import Bank of Washington
Federal Farm Mortgage Corporation
-323.1499. 000
1.873,657,000
'472.930,780
101,952,56s
$1,555,610,518
$1.087,U18,796
Reports received from the corporations and agencies.
Items in this column are the only ones in this statement
which constitute a charge against the Federal Budget.
They represent amounts of funds drawn against available
appropriations.
Represents balance of repayment of amounts paid to the
Commodity Credit Corporation for capital impairment
on basis of appraisal of the corporation as of March 31,
191*2, pursuant to Public No. 1*1*2 - 75th Congress, approved
March 8. 1938.
^
U/
5/
1*.
1.3714.751*.
1*1*6
33.980,677
Includes the Electric Home and Farm Authority which was transferred for p\irpoaes of liquidation to the Reconstruction Finance
Corporation by Executive order effective October 31, 19142.
Comprises Cargoes, Incorporated, Defense Hoines Corporation, Defense Plant Corporation, Defense Supplies Corporation, Institute
of Inter-American Affairs, Inter-American Navigation Corporation.
Metals Reserve Company, Rubber Reserve Company. Smaller War
Plants Corporation, United States Comnercial Company and War
Damage Corporation.
Receipts from the sale of property acquired in liquidation of
loans are shown as "Sale of other property acquired".
68
Uses of Funds of Certain GovBrnment Corporations and Credit Agencies
for the First Eight Months, Fiscal Year 1943
Retirement
Expenses
CorporatlOB or ««aiie7
Adninlstrative
Central Baak for Cooperatives
Commodity Credit Corporation
Purchase and
lEproTement
of property
ovned
Hon&dBlnistratlTS
of obligations
issued in
exchange for
Bortgages 1/
$ 7'»,080.00l*
87,lS9
$
Disaster Loan Corporation
21(9,536
$
128. 1A6
Zxport-Zsport Bank of Vaehlngton
Federal Deposit Ins^irauce Corporation
2,790,623
federal Jann Mortgage Corporation
5,50l,66U
federal home loan ^anla
935.itoi
Federal National Mortga^ Aeeoclatlon
631.613
83.560,931
$1.1*8.932.039
2,737,881
8,01*8
831, U59
6,353
17.905.11(5
8,71*0.61*6
1.862.153
662.951
13.787.987
57.310,651*
978,671
6,570.71*8
2,817,706
821,835
3.612,61(0
111*, 820,021*
175. 819
29.560
Home Owners' Loan Corporation
7.185.336
11.079.313
9,252,68*
7.001*, 595
Beconstructlon Finance Corporation 2/
7,2B7.6ll»
3.210.377
1*78,1*18
295.860,501*
603,988
210, 31*0
1.858,556
29.853.763
Federal Public Housing Authority
Federal Savings and Loan Insurance Corporation.
BFC Mortgage Company
11.11*0.011*
Sural Zlsctriflcation Adioinlstratlon
1,929,019
^
U, 1*02. 151
6,056,986
$37. 1*61*. 026
$23,o6l*,i*3i*
War corporations
Total
Corporation or agency
Csntral Sank for Cooperatives
Investments
(net)
$ 56,27i*.l36
_i»,UI*6,l*59
218, 672,391*
$799,028,11*5
192,721*
$
7,652,728
$25,856,150
Other expenditures
Interest and
dividends paid
$
Total, uses
of funds
21,716
$
i*.177.633
1*.
-1.055.527
89,558,328
973,81(0
2.153.81*2
-115.636,603
2.1*68,1*70
97.1(65
lll*.Z35,28l*
79.082,586
51*,
li*.
023, 291*
752
623. 199
ll*,79U,3i*i
-3.21*5,603
-158,579,01*0
138.1*76,901*
1.51*2.611*.
-523
3. 531*. 679
Export-Import Bank of Washington
Federal home loan banks
77,556.671
$1*,
7.821.155
Disaster Loan Corporation
Federal Farm Mortgage Corporation
2,752.675.93't
Allocations, rediscounts, and loess to
other government corporations and credit
agencies (net)
Commodity Credit Corporation
Federal Deposit Insurance Corporation
$25,856,150
Federal National Mortgage Association
2.737.51*8
-9.252
10.909,327
Federal Public Housing Authority
2.981*, 531*
l*.327.775
129.381*. 51I*
Federal Savings and loan Insurance Corporation.
Home Owners' Loan Corporation
Beconstructlon Finance Corporation 2/
-623.710
8,51*5,156
1,000,000
33.710,U83
33.101.61*1*
7,536,008
1,899,012,213
58l(
-181*, 55I*
35. 980. 677
118,053,599
836.821*
31*1,861,665
3.302.1*1*3,823
$1,672,255,019
493.956,386
$358,362,355
$7,222,502,gl*0
1.550. 537, 6U8
1.633.
Hurel Slectrlfication Administration
6.599.739
Total.
ce:
1/
2/
^
$ -6,156,068
Beports received from the corporations and agencies. Data
on basis of checks Issued.
Becelpts from the repayment of mortgage loane appear under
"Eepayment of loans" in the statement of sotirces of funds,
Includes the Electric Home and Farm Authority which was
transferred for purposes of liquidation to the Beconstructlon
Finance Corporation ty Executive order effective October 31. 191*2.
8,126.826
59,811*
BFC Mortgsge Company
War corporations
!»/
20.77i*.751
-1*7,502,200
2/
J*/
19.668.772
Comprises Cargoes. Incorporated. Defense Homes Corporation.
Defense Plant Corporation. Defense Supplies Corporation,
Institute of Inter-Aflierlcan Affairs, Inter-American Navigation Corporation. Metals Heserve Company, ftubber BeBerre
Company, Smaller War Plants Corporation, United States Comcerclal Company and War Damage Corporation.
Includes expenditures for contributions and subrogated eharea
or clalme In InEured financial InstltutionB.
.
69
Sources of Funds of Certain Government Corporations and Credit Agencies
from Inception of Organization through February 28» 1043
Corporation or
B^ncj
Central Bank for CdoperatlTee
Allocations, redlseonnts, and loans froa
other goTomaent corporations and credit
•genoies (net)
Appropriations
from Qeneral
F^md of the
Treasury 1/
,
Commodity Credit Corporation
72.000.000
«
Sale of
obligations
to Treasury
of obligations In
the market
ffale
35.035.'+7l
750.000,000
760.219.000
$
1.000.000
i7U.OOO.OOO
federal Deposit Insurance Corporation
150.000,000
Federal fans Mortga^ Corporation
100.000.000 kj
198.789
139.299.557
92a,76U,200
Federal home loan ^anke
1*5.500,000
Federal Batlonal Mortgage Association
Federal Put)llc HoubIh^ Authority
9^.^3.792
55.928, >W0
2s3.OOO.OOO
Beconstmctlon Finance Corporation 6/
325.000,000
y
8,251.000
RFC Mortgage Company
Rural Electrification Adnlnlstratlon
139,012,1*1*1
22s. U62, 71+2
War corporations j/
150,000,000
3.568,511.^*5
$i.U6o.89i,»*U5
$i*,0i2.69i*.76g
Sale of other
Corporation or agency
fiepeyaont
of loans 8/
property
acquired
Central Bank for Cooperatives
388,772.697
I
Commodity Credit Corporation
$2. 109.530,671
Disaster Loan Corporation
1,086,5314,1*09
161,831
Sxport-Import Bank of Vaahlogton
Federal Deposit Insurance Corporation
Federal Farm Mortgage Corporation
2g.378,9U
Federal home loan banks
Federal National Mortgage Association
Federal Public Eoiislng Authority
Beconstmctlon Finance Corporation 6/
HFC Mortgage Company
2/
y
'*.'*07,575.^6
896.153,000
25,000,000
*
36,601.000
$5.750. 575.^^6
Interest, dividends, assessments . and
property incoae
$
12,200,1*69
36,998,095
IS.g'+S.
^86.750
Other receipts
$
U.683, 530
1*0.
Wl, 989
$611,536,557
Total , BOureoB
of funds
*
513 .587.217
5.027 ,671*. 6se
23.353,992
881,781
115. 695
Ug 512.900
20,61*2.380
707, 119
327 30l,7'»6
'32, 611
120,552,351
'•35.
'<96.833.539
535.923,067
.SSO, 859
22.912,
''77
850 03U.168
2.113 812,191*
890.621,027
1*9,81*0,076
59.25^*. 731
35,788,312
'1,518,
930
951, iwi
SOU, 677, 793
1*8,762,226
1,569.
50I*
1*7,522,201
231*,
565
756,766
91*. 1*02, 1*61*
6,291* ''59.555
81,081, 961 2/
1.191 .78U.061*
292 168,213
1.309
oi*6,itoi*
222.9l|8,01g
1,299,097,61*2
1.053. 557.881
32,6o7.gU5
5,936. 29U.021*
752.033.190
7X
12.U81 91*8,205
1,082,080
153,082,61*9
18.063,517
5.055, 155
280 ,011*. 929
20,81*5,650
21,131*. 233
175
1*09
1*55,21*0
103,257,788
7,1*18,101
1,191,650, 111
5.891
1*25.1*11*
130, 138
$3,076,198.11*0
$1,575,958.28''
833.986.970
$3, 231, 510,175
2/
3.111+. ^53. 550
1.922.UU8
Rural Slectr If 1 cation Admlnlatratlen
Sourc«:
1/
310.000,000
130,952,2116
Federal Savings and Loan Insurance Corporation.
Bone Ovnere* Loan Corporation
71*1.000 5/
11,000,000
157. 000
111*.
77.791.529
Total
121*.
100.000.000
200,000,000
Total
85,2UO.OOO
Loan Insurance Corporation...
Eome Owners' Loan Corporation
Var corporations j/
895.000
t
$
2U. 000, 000 U/
ZHaaflter Loan Corporation
Euid
agencies
(not) 2/
(net)
2'*3.950,52U i/
Xxport- Import Bank of Vaehlo^^ton
Federal Savings
Sale of stock
to other
$11,
Beports received from the corporations eind agencies.
Items in this column are the only ones In this statement which
constitute a charge against the Federal Budget. They represent
amounts of funds dravn against available appropriations.
Except for the E.O.L.C., sales of obligations in the market, as
shown In this column, are reduced 17 the amount of obligations
which have been retired (including those t^ich have in effect
been refunded throxigh the sale of obligations to the Treasury).
In the case of the H.O.L.C., the original amount of obligations
sold In the market Is shown in this column and the retirement
and refunding of theee obligations are shown as "Hatlrement of
obligations issued In exchange for mortgages" in the statement
of uses of funds.
Includes $3,000,000 H.I. H.A.; $97,000,000 E.F.C. Included
in notes canceled by the Treasury (See footnote U/); and
$11*3,950.52** restoration of Capital Impairment, which Is net
of repayments to the Treasury of $^3,756,731 on the basis of
March 3I, I9U0 appraisal, and $27,815,511+ on the basis of
March 31. 19^2 appraisal of the corporation, pursuant to
Public No. 41*2 - 75th Congress, approved March S, 1938.
These funds were furnished by the B.F. C. from the proceeds of
its notes sold to the Treasury, such amounts being Included In
511*,
^
6/
jj
8/
2/
121*.
033.
$37,178,981,703
the total of obligatlocs of the corporation canceled by the Secretary of the Treasury pursuant to the Act of February 2k, 193S.
The B.F.C. purchased the stock of the Federal home loan banks
from the Treasury Department on February 20. 19U1. The net
effect of this transaction is the same as a tale of atock to
other agencies, and is shown as such for purjioses of this
report
Indudee the Electric Home and Fbmi Authority whir^ was transferred for purposes of liquidation to the E.F.C. by Jlxecutlve
order effective October 31. igUS.
Comprises Cargoes, Incorporated. Defense Homes Corporation,
Defense Plant Corporation, Defense Supplies Corporation,
Institute of Inter-American Affairs, Inter -American Navigation Corporation, Metals Beserve Company, Bubber Reserve
Company, Smaller Wax Plants Corporation, United States Connercial Company and Wax Damage Corporation.
EecelptB from the sale of property acquired in liquidation of
loans are shown as "Sale of other property acquired".
Includes $52. 781*. 325 paid-in capital stock held by member
Institutions.
70
Uses of Funds of Certain Government Corporations and Credit Agencies
from Inception of Organization through February 28, 1943
Expeuees
fiatlrenent
Purchase and
AdmlnlBtrative
Central Bank for Cooperatlvee
Commodity Credit Corporation
Disaster Loan Corporation
$
3,713.112
30.102,381
8lt.
Federal home loan banks
11.776.108
Home Owners' Loan Corporation
HecoQfltructlon Fljipnce Corporation j/
HFC Mortgage Company
fi\iral
Electrification AdjnlniBtratlO"
War corporations k/ .
.. .,
Total
Corporation or a£ena7
owned
527.920
$
2,233,768.1*81*
137.808
30.086,399
18,252
251.536.950
196,11*5.720
13,600,723
6,1*5,873
1,076,116,908
986,21*11,556
U, 1*95, 238
5,003,207
22,388,250
7,536,618
1,798,852
90,595
2UO,321,207
fflortga««B 1/
1*20,503,538
$2,636,378,170
819,997
Federal Farm Mortgage Corporation
Federal Savings and Loan Insurance Corporation.
of property
1.097.553
Federal Deposit Insurance Corporation
Federal Public Housing Authority
Nonadnlnlatratlre
13.722.315
Export-Import Bank of Washington
Federal National Mo^tga^ Association
of obligations
iasuad In
exchazi^ for
IfflproTement
Corporation or agenc7
11*9,
It
270,570,1*53
70, 01*0
29,916.622
1,170.31*9,097
722,915
3.276,268,779
7.930.930.81*0
151*,
98,7111,127
13,056,1*02
1*78,1*13
5.777.361
',363,1*77
9,31*5,726
16,868,009
$1,571,991,9502/
250,1*85,171*
365.756.023
6,152,370
529, '96,307
$51*2,302,300
$716,118,579
160,991*, 32s
150,5311.503
$7,010,936,902
$18.609,3117.1*211
1*.
$1,571,991,950
INTERNAL
REVENUE
-71-
STATISTICS
..
.
.
.
72
SumiAary of Internal Revenue Collections^^
(In thonsandB of dollars)
ZaplOTweBt taxaa
Ineoaa and profits tazoa
Social Secorlty taxee
Tltcal 7«ar
or Bontb
Corporation,
Ineoaa and
axeaao
profits 2/
Total
iBdlTldnal
Total
2/
1929
1930
1931
1932
1933
W"*
1935
1936
1937
1938
2,939.05't
3,OltO,lU6
2,lt2g,229
2,331,27ll
1.095.5l»l
1.235.733
2,1110,259
l,g6o,0l»0
1,11*6,81*5
1.263.1*11*
1.557.729
1.619.839
1.056,757
833,61l«
1*27,191
7'»6,791
352,573
1,026,398
629,566
39*, 218
2,672,239
3.281.792
3.U9U.33O
819,656
1,105.788
1*19.509
1,1*27.1*5
671*. 1*16
U,63lt,30«
2.179.828
2.629,016
1,091.71*1
1.286.312
2,185,105
2,129,606
1.028,834
982,017
3,1*71,122
1,1*17,655
1.122.531
1.120.579
2,016,295
8,006,880
3,262,8ro
5.6lt3,83lt
5,162.355
5.322,768
7.351.531
13.029.912
1939
ISW
19U1
igHz
Wscallanaoua
preflto
taxes J*/
265. 7H5
71*2.660
207,339
502,917
58.119
90.267
33.7>io
71*0,1*29
833.521
925.856
1.185.362
101,167
106,123
100,658
119.617
109,1*27
122,01*8
U,6«7.l*59
27.010
37.172
56.621
529.835
605.350
687. 327
895.336
27.980
1.513
1.692
24,775
108.218
167.739
28.383
102,359
139.170
3.358
U,970
7.286
I.1U5
889
21,283
23.880
127.019
177.282
22,096
120,882
4,562
5,536
5.993
808
601
30,322
16.726
127,882
5.1*08
11*8,1*78
5.753
2.576
951
91.229
307
919
30.896
19l*2-Mareh
3.'*55.803
3,073,000
1,1*68.071
1.593.507
April
696,855
295,111
171. 3I8
121,01*7
2,71*6
19,523
727.125
l.393!w
6,718
10,879
Jun«
6119,124
20l*,578
2.im,ig6
2,131,1*52
807. '»5U
221,585
161*. 032
2,122,989
1*0,523
156,218
120,313
670,306
1,1*36,081
220,386
26,1*68
7,250
lgi»,5ii9
27,058
562,515
186,668
155,031
1,1*25,91*2
11.231
133.919
183.195
25,263
Jul7
JUi^aat
.
6si,36g
. .
S«pt«mber
Il8
lit.
11.1*22
•tar
2,1*59,871*
Carriers'
Taxing Aet
of 1937
2,631
6,560
509
178
S:.786
397,516
572,115
738,520
1,056,909
1.299.918
527.113
Total
^
federal
Tederal
Insurance
TTaeaploTBeBt
Gontribatlons
Tax Aet
Act (01d-a«e (UneBplOTBaat
iBsnranoe)
Insurance)
62.873
2,1*91*
3,196
16,602
October.
..
NoTOfflber
.
702. U25
81*5,8^5
Qecember.
2,521,W8
1.999.688
19U3-Jamiary. .
Tebroary.
March
797.227
1,058,902
5.273,Uai
296.097
73.1*10
217,368
5.319
122,626
1*33.759
•«,g6g,220
185,299
1.975,909
2l*l*,689
3.771
20.785
29i*,338
2,872,526
2,1*60
26,276
11*0,967
181*,
81. 761
2,819
IW
287
11*9.1*76
137,871
170,1109
28,964
21.736
501
28,270
22,538
)llscallaae«ns Internal rerenna
Capital
Tisoal /ear
or Bonth
sto^
^•az
19291930.
193119321933-
607,780
629,887
568,189
500.972
873.048
1934.
1935.
1936.
1937.
1938.
1.481. 160
1.649.782
1939.
l94o.
1941.
1942.
2.236,8a
2,004,514
2,188,735
2,272.158
2.359,641
2.95>».553
3.837,670
Istate
^^^
^ft
taxes
61. 897
61.'.770
48.078
47.422
34.JIO
HannfaoI
1
Alcoholic
l>eTera«e
I
taxes
113.138
416,874
258,911
410.926
505.243
593.831
567.670
127.203
132.739
166.653
2S1.900
360,715
360.071
407. ojg
432.541
378.840
Staap
taxes
434,445
450,339
444.277
398.579
402,739
64.173
77.729
46.954
32.241
97.578
tnrers' and
retailers'
excise
taxes
12.777
11.695
10,432
8,704
43.174
80,168
91,508
94.943
137.499
139.349
a2.ii2
Tobacoo
taxes
66,580
4M.77S
'»3.133
500.786
551.923
5S7.777
68.990
63.919
46.233
587.605
624,064
819,869
l,04s,l65
579.784
608.072
697.712
780.792
41,083
38,681
39.057
41.702
166
344
138
247.751
A^lcultural
Nlseellaneons
taxes
6/
34,322
25,010
18,310
14,026
87,496
390.03*
342.275
379.540
449,854
418.754
147.156
91.052
76 172
196.891
143,540
148,926
206,831
400,501
44-17.088
617.373
852.069
80, 161
W8
354,823
352
105,317
84,657
61,601
2.796
63.652
36,
April.
May...
Jnne.
293,526
276,807
284,351
291
^
81,427
84,074
86,004
62,866
48<
43.090
25.087
25.321
3.15?
2.954
2.735
70,008
63,025
56.369
32,6gS
35.385
42,212
Jnl7
458,850
340,054
314,789
228
233
589
45.582
29.681
27.919
113,986
122,896
111.280
7U.077
73,933
IW
2,817
2,653
2,681
160,225
50,902
39.176
35.147
26.954
30.223
118,949
104,431
128,973
82.532
78.607
81.359
3.167
3.399
61,935
59.755
55.996
66.042
1*7,137
3.1*58
63,832
46.739
28,613
61,686
136,876
128,299
120,528
80. 565
3.776
3.551
4,419
68,427
Aaigaet ....
September.
348,120
266
.
1*78,111
185. 445
.
496,497
143.020
378,504
330,805
378,925
209
October. .
NoTember
December
1943-Jantiar7...
February.
Mar eh
Source:
1/
a6
392
fieporta of collections.
BxcludOB collections for credit to certain tratt acooonts
for territories and Insolar possessions, etc. (except for
the fiscal years 1929 thrcu^ 193'^> ^en they aggregated
less than $1 million a yearT.
Includes victory tax collections.
Xzcese profits tax Imposed under the Second BeTenne Act
of 19^1 as amended.
U/
^
6/
77.
68,247
79.
5'*'*
51.1*59
47,134
371.423
526.222
62,323
117,501
1942-Harcli.
7l^SI
adjastaent
taxes
42.017
32,138
45.632
41,912
50,420
65,222
Consists of the declared value excess profits tax, the profit limiting proTlslOQS of the Vinson Act, and the tax on unjust enrichment.
Tor the period prior to September 1939 the data In the columns entitled Tederal Insurance Contributions Act and Tederal Unemployment
Tax Act represent collections under Titles Till and IX, respectlTely, of the Social Security Act.
Includes tax collections under the Sn^ar Act of 1937 and under the
dlTide&da tax inposed hy the Act of June 16, 1933*
73
COLLECTIONS OF INTERNAL REVENUE
Fiscal Vears 1929 to
1942
DOLLARS
Billions
14
12
10
8
.
6
4
2
Total
1
.
..
7»^
Detailed Analysis of Internal Revenue Collections^
(In thoaeandB of doUara)
nrat
SourceB of revenue
March
flret 9 months
9 monttaa
Tlecal
year
Tlacal
Tear
March
Sonrcee of revenue
191*3
19"*3
Income and profits taxesi
Individual
Current
Back
Corporation
Current
Back
Victory tax
SxcesB profits taxes (Second £evenue Act
of I9W as amended)
Miscellaneous profits taxes:
Declared value
Vinson Act
Unjust enriohnient
Total income and profits taxes.
Employment taxes:
Social Security taxea:
federal Insurance Contributions Act
(Old-a^ insurance)
Federal Unemployment Tax Act (Unemplorment ineuranee)
1.950.5^7 2,2l*S.l«7
22,gUl
96.3'*7
3,506,017
115.519
1,025,922 l,869,U«6
202,616
55.675
3,005,152
252,330
Total stamp taxes.
1.790,929
922.527
3.557.355
20,575
20
190
31.736
666
3.875
71.286
212
1.609
U,g68,220 5.375.7>tO 10,511,305
821,801
2,819
106,216
139.926
3.738
756,665
961.727
Carriers' Taxing Act of 1937-
22.538
12'»,357
150,286
Total employment taxes
26,276
881,022
1,112,013
Miscellaneous internal revenue:
Capital stock tbx
392
280,862
330.598
Estate tax.
110,192
251,813
30U,010
Gift tax.
21,'t9't
87,228
28,53U
9.5^9
62,596
1.299
85
2.5U6
27.729
5.930
'H7,if62
5^8 .3U2
13.517
271
17.979
lU,780
U90
26.202
Total alcoholic beverage taxes.
Hamf acturers
and retailers' excise taxes:
Lubricating oils
Oasoline
Tires and tubes
Floor taxes on tires and tubes
Automobile trucks and buses
Other automobiles and motor^cles
Farts and accsssorias for automobiles
Ilectrical energy
CLectric, gas, and oil appliances
nectrlc light bulbs and tubee
Ilectric eigne (repealed as of II/1/U2) .
Radio sets, phonographs, components, etc..
Phonograph records
Musical Instruments
Mechanical refrigerators, alr-eondltloners
etc
Matches
n.oor taxes on matches
Business and Btore machines...
]\irs - rstallers' excise
Jewelry - retailers' excise
Imggage
Optical equipment (repealed as of ll/l/US)
Photographic apparatus
Bubber articles (repealed as of ll/l/>tS)..
Sporting goods
Tcilet preparations - retailers' excise...
Washing machines (repealed as of II/1/H2)
Tirearms, shells and cartridges
Pistols and revolvers
Bapealed taxes not listed abora
Total manufacturers' and retailers'
excise taxes
1.2'W
60
5.5W
5.505
1
^97
76U
12A A2)
g9U
8.779
1,098
8.53U
100,3W
't.377
MiseellaneeuB taxes:
Bituislnous Coal Act of I937
Sugar Act of 1937
Telephone, telegraph, radio and oable.
leased wlree, etc
Local telephone service
Transportation of oil by pipe line
Transportation of persons, seate, berths..
Transportation of property (effective
39.107
263 igS
322,320
38
2,T81
2.669
120,528
796,660
1,086,218
Uss of motor vehicles (effective 2/lfkS)..
Uss of boats (effective 2/l/lW)
Leases of safe-deposit boxes
Admissions to theaters, concerts.
cabarets, etc
Olub dues and initiation fees
Bowling alleys, pool tables, etc
Cola operated devices
Adulterated and processed or renovated
and filled cheese
butter, mixad flour
Oleeaargarine, including special taxes
Barcotics, including marihuana and
special taxes
Coceant and other vegetable oils processed
Satloaal Tlrearms Act
All other, including repealed taxea
not listed aboTs
.
Total tobacco taxes.
ce:
•
1/
1.905
17, '•78
1,628
878
11.039
8
29
1*,'H9
32,85'*
29,921
35.'t57
30.660
228,309
12,321
62
3.753
1.360
2.361
8
3
72,1'H
813
'•,021
160
10,652
81
12
523.'»55
5.553
39.679
l.lAo
16.376
71
20
627,627
5.71'»
36.66I1
5,818
3. 807
ig.oito
1
289,835
52,051
7.899
13"*
ll»,632
2,010
•52/
,532
137
251
186
20,021
37.555
11.017
71*,
^^
1,721*
2'(0
13,668
529
75
l,Ui>»
159
1,229
1(19
13.131
2.990
1.685
J.'Ao
14.808
27.365
1.580
«
21*7
9I8
11
170
12.ll*6
230
5.'«8
2,18l»
•
9
2
31
3.'«7
1.879
12.630
102
3.519
U,686
1,272
1,106
^.595
6.969
5
5.7W
35.006
68,81*8
1*,031
286
8, 066
13.700
3. '12
25.022
l,06i
63
1*9
3.'*26
'*6o
1»7.13'»
662,668
521,718
lAo
>*,072
'•.099
1*0, I'M)
3. '79
6o.l*0l*
11.719
8.396
1.170
10,206
31,753
13,886
10,316
11.316
1*7.075
10.1*23
16.529
81
61.332
30,81*5
5^
2.501
80,890
138,012
H.836
1.356
5.601
115. '132
1
>H5
11.875
10
92
33
198
53
72
56,658
309
't.997
6.758
1.606
9,021*
26
57
1.772
2,117
U17
5.898
11
1,526
16
36
U6
503
Total aiseellaneous internal revenue.
290,220
527. 6U5
378,925 2,982,986
3.52'».657
65,222
8, 1*88
37
5^
Total aiaoellaneous taxes.
135
't.773
ll*,932
36.75^
6,053
2,625
1,050
3
79.
9.01*5
'
^
Tobacco taxes:
Cigars (large)
Cigars ( small)
Cigarettes (large)
Cigarettes ( small)
Snuff
Tobacco (chewing «id smoking)...
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.
19U3
.
650,ltl»9
Alcoholic hevera^ taxes:
Distilled spirits (Imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Wines, cardials, etc. (imported, excise).
Wines, cordials, etc. (domestic, excise).
Brandy used for fortifying sweet wines
(repealed as of July 1, I9I4O)
Dealers in distilled spirits; rectifiers;
manufacturers of stills (special taxea)
Stamps for distilled spirits intended
for export
Case Btamps for distilled spirits
bottled in bond
Container stamps
Tloor taxes
fermented malt liquors
Brewers; dealers in malt liqaors
(special taxes)
Tear
19)12
1.825
1,521
919
Total Social Security taxes.
HlBcellaxieoaB internal revenoa (contlnoed):
Steanp taxes:
Bonds, issues of capital stocks, deeds
of conveyance, etc
Transfers of ce^ltal stock and similar
interest sales
Playing cards
Silver bullion sales or transfers.
riacal
Tear
580.681
Beports of collections.
Lees than $500.
Sxcludes collections for credit to certain truat accounts for
territories and insular possesBlons, etc.
696.013
Total internal revenue
2/
^
5,273,'t21 9,239,7't8 lS.l't7.975
Oorreetion of prior months' collections,
Tax imposed T^wn ths manufacture and sale of, and the occupational
tax on, mixed flour repealed as of Hoveaber 1, 191*2.
GOLD
AND
SILVER
75-
STATISTICS
..
.
..
.
76
Gold Assets and Liabilities of the Treasury
(In allUona of dollarl)
LlaMlltlae
nd
of calendar
year or month
Gold
A«sett
8,238.6
10,122.9
11,857.6
12,760.0
14,511.2
Oeld CartifIcataa 1/
Oold Baearre
against U. S.
notaa, ate. 2/
Ixcban^
Stat>llliatlon
fond i/
Sold In
Oaneral Fond
156.0
156.0
156.0
156.0
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1.800.0
.008.6
22,736.1
22,726.3
5,274.0
7.679.5
8,959.6
9.212.3
11.872.8
15.278.6
19.825.4
20.564.8
20,611.9
19l>2-Haroh.
22,687.4
20,555.0
156.0
1.800.0
176.4
April.
May...
June.
22,690.8
22,7lU.U
22.736.7
20,569.8
20.581.3
20.625.5
156.0
156.0
156.0
1.800.0
1,800.0
1.800.0
165.0
177.1
155.2
22,7'tl(.3
19JU.
19351936.
1937.
1938.
19391940.
19U1.
19U2.
17,6U1.1»
21,99'*. 5
Jnly
487.4
341.9
.591-6
682.4
408.9
213.2
215.3
158.4
22.755-7
22,754.4
20.605.6
20,634.3
20,634.8
15*.
September
156.0
156.0
1.800.0
1,800.0
1,800.0
182.7
165.4
163.6
October. ..
NoTember
December.
22,740.1
22,743.4
22,726.3
20,628.2
20,631.2
20,611.9
156.0
156.0
156.0
1.800.0
1.800.0
1.800.0
155.9
156.2
158.4
19U3-jBnuary.
February.
March p. ..
22,683.0
22,643.8
22,575.7
20,578.5
20,533.7
20,471.1
156.0
156.0
156.0
1,800.0
1,800.0
1.800.0
1*.3
An^et
.
. .
.
.
Sourcat
p
1/
Bally Treasury Statenenta.
Preliminary.
Oomprieea (l) gold certlfleatee held by the public and In ^daral fieaerre Banka; and (2) gold certificate credits in (a) the
2/
2/
148.5
148.6
Sold Certificate Fiind - Soard of OoTemors, Iiedsral Seserra
Syatam, and (b) the Bedemptlon Fond - ftderal Reaerre notes.
fieaerre against United States notes and Treasury notes of I89O.
Sxcludes gold in actlre portion of Izchange Stabilization
Thttd.
Monetary Stocks of Gold and Silver
(In millions of dollars)
Oold
(»35 per
fine ounoa)
Ind of fiscal
ysar or month
SilTer
($1.29* per
fine ounce)
898.2
1,463.1
2,245.5
2.542.1
3.066.4
3.605.2
Batlo of
sllTsr to gold
and silTsr In
monetary stocks
1934.
19351936.
19371938.
19391940.
1941.
1942.
7,856.2
9,115.6
10,608.4
12.318.3
12,963.0
16,110.1
19.963.1
22.624.2
22,736.7
4.306.3
10.3
13.8
17.5
17.2
19.1
18.3
16.5
15.5
15.9
1942-4(areh.
22.687.4
4,277.8
15-9
April.
May...
Juas.
22,690.8
22,714.4
22,736.7
4,289.2
4.301.3
4.306.3
15.9
15-9
15.9
July
August....
Ssptenber.
22,744.3
22.755.7
22.754.4
4,317.2
4,320.2
15-9
15.9
15-9
October...
Borember..
December.
22,740.1
22.743.4
22.726.3
4,319-7
4.319.6
4.317-6
15.9
15-9
15-9
22.683.0
22,643.8
22,575-7
4.314.6
4,312.0
4,298.4
16.0
16.0
16.0
1943* January..
Vsbruaiy.
March p..
Source:
P
Dmlly Treasury Statement- and Circulation Statement of United States Money.
Preliminary.
Increaent Resulting from the Reduction In the Weight of the Gold Dollar, hterch 31, 1943
Xxchaaca Stabilisation Aind
Payments to Tederal fiaeerre Banks for Indnatrlal loans.
Philippine currency reserre
^
Melting loBses on gold coin
fiatlresent of lational Bank notes
Unaeslgned
Total increment
Allocations of
increaent
Charges against
Increment
$2,000,000,000.00
$2,000,000,000.00
139,299.556.99
27.546,310.97
23,862,750.78
$111,753,246.02
23,862.750.78
2,175.121.93
1,846,976.25
645.387,965.45
645.387.965-45
328.145.68
7.715.95'*.W
7.715.954.46
$2,818,441,349.61
Unexpended balance of
allocated Increment
$2,674,781,252.67
$143,660,096.94
..
.
.
3
7
... ..
2
S2
U
3
.
8
77
Components of Silver Monetary Stock
(In nllllocB of dollars)
Silver held In Treasury
Securing silver
certificates 1/
Znd of calendar
year or nontb
S11.6
576.9
1931*.
19351936.
1537153s.
1939
19U0,
Subsidiary
coin 2/
Silver dollars
Silver bullion
775.
938.
.137.6
,?98.2
.393-1
.U76.1
Silver outElde
Treasury
In General 5>ind
Silver
dollars 1/
Subsli^iary
coin 2/
35-2
38.1*
505.3
323-5
1,279-7
1.970.1
•3
5i«7.7
U1.3
350.1*
2.1402.3
5-''
1.2E.6
535-3
bl6.0
366.9
372-S
39U.I
2.806.5
3-5
5-3
'*3.J
1*U.U
2-3
3.5
657.1*
1*22.1*
ii,c6o.o
-"^
l*,?Ult.8
I*.
8.8
5-7
6
at cost
89-3
262.7
l*.2
5O8.7
505-7
503.7
502.7
1*99.0
Bullion
,2
508.1*
1*9!*.
Bullion for
recolnege 2/
Total silver
nt $1.29
per ounce
1*8.1
52-5
63.0
3,31*6.8
3,790.2
3
9.2
662.3
628.2
78.8
587.3
19U?-March.
i.iigi.i
1*82,7
11.9
661*. 2
61*.
U96.9
1*,
April.
May.
1,1(96.9
1*81.6
13.lt
65.1*
501.1*
1*,289.2
1,502.7
1.505.8
1*80.2
11*.
1*78.7
13.0
663.9
662.5
660.3
66.9
68.3
509.7
516.8
1*.
1.509.5
1.511.7
1,513.6
1*77.0
1*75.5
't73-3
15.1
19-5
657-2
652.1
6U7.P
70.1
71.6
73.7
521*. 3
1*.313.5
531.7
l*.
September.
October.
November
December.
1.515.0
i,5i:-8
1,516.2
U71.8
13.5
10.5
9.2
61*0.0
1*70.0
1*68.3
75-3
77.1
78.3
19.5
30.3
36.2
621.1
613.9
79-1*
601*. 7
81.5
I5itl
lt8l|.l
1*61!.
,510.
151*2.
.
June.
July
Au^st
.
.
.
191+3-January.
FebruQTj'
1,516.3
1,516.3
1,516.8
March p.
11*.
1*67.8
1*66.8
1*65.6
Daily Treasury Stateisent and Circulation Statement of
United States Money,
Preliminary.
Less than $50,000.
Source:
p
•
Hi
631*. 3
628.2
Valued at $1
Valued at $1
29-*
38-*-
80.
1*93
1.317-6
277-8
',301.3
306.3
51*8.1
317.2
U.320.2
561.
i*,319.7
575-7
587.3
1*.
588.5
590.0
595.8
i*.31'*.6
319-6
l».317.6
U,
312.0
U.29S.1*
per ounce.
per ounce.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(In millions of ounces or dollars)
Calendar year
or month
Newly mined domestic 1/
Nationalised 2/
Foreign J/
I93U.
19351936.
1937.
1938.
193919U0.
21.8
38.0
bl.l
70.6
61.6
lU.l
27.3
110.6
2.0
55-3
i.c
1*7-3
.1)
.2
5t-6
271.9
2U1.5
1*2.2
355-lt
bo.
1*0.1
fas.
1*8.5
191*1.
70.5
50.1
191*2.
1*7.9
314.0
282.8
139-8
72-6
lU.I
19l*2-March.
5-1
3.6
April.
.May...
6.U
7.0
June.
it.o
July
A'dgust
.
. .
318.2
150.3
108.7
156.9
120.5
531* -3
333-11
3113 -3
155-9
3U6.5
197.8
163.3
199-1
160.6
50.9
27-1
6.0
208.0
99.1*
11*3.1
62.1
77.2
Uo.c
1.2
7.9
1*.8
l.U
9-6
5-9
.7
8-7
U.o
5-7
2.8
3.9
2.1
1.8
5.5
2.9
3.9
2.1
1.8
3-2
1.7
5-0
2.8
5.5
2.9
30U.9
172-5
UgU.i*
312.2
1*17.1
September.
2.5
October.
November
December.
2.0
1.2
l.U
.9
2.0
1.2
.5
.u
-5
19l*3-January
February.
March.
.1
.1
.1
.1
.
.
1,/
.
2.5
1.1*
•9
.1
.1
.6
.6
Acquired at 6U.6U-4- cents per fine ounce until Api-11 9, 1935J at
71.11+ cents per fine ounce from that date until April 23. 1935:
at 77.57-' cents from April 23. 1935 to December 31, 1937; at
6U.61*-*- cents per fine ounce from December 3I
1937 to July 1,
1939: and at 71-11* cents since July 1. I939.
.
2/
\j
Acquired at 50.OI cents per fine ounce. Ej;scutive Proclamation
of August 9, 1931*. repealed April 28, 1938.
Acquired at various prices averaging approximately 5I cents
per ounce
..
.
.
5
...
.
.
9
S
5
7
(
Ciumilat Ive from January 1,
'
Seigniorage
on silver
and minor
coins
End of calendar
year or month
U
Misc. silver
(lacl. silver
SourcipE
193^
of",
*-
^'^'
33
mil'lions of dollars)
^n silver bullion revalued
^eigiiioxage
'I^ewly-mlned
Newl;---.!r.--<i
silver ^Act
silver (Proc.
bullion held
Dec. 21\;1933) *ily^. 19J9)
June ll». 19311)
cfcDse- Act
of June 19,
-
(Proc. of
Aug. 9. 193"*)
:,
1931*.
l/
Nationalized
silver
Silver' -Puf.
27i*.9
397.5
3't.7
3t.7
5O8.I
616.0
705.6
758.8
950.6
3'«.7
759.
3t.7
3»*.7
799.7
818.9
1.01*8.2
582.9
3'*.
8O7.2
1,097.8
55-3
57-5
58,9
583.8
3"*.
581*.
3'*.7
810.1
812.8
58i*.3
3'*.7
811*. 2
1,096.5
1,097.5
1,095.5
87.6
87.6
87.6
60.6
61.6
58U.3
58l*.3
31*. 7
62.
581*.
3t.7
815.9
8I6.9
SI7.7
1,090.0
1,085.5
1,082.5
87.6
87.6
87-6
63.1
581*. 3
3t.7
818.1*
63.1*.
58l*.3
3'*.7
818.7
63.6
58U.3
31*.
818.
1.068.5
1.060.0
1.0U8.2
87.6
87.6
87.6
63.6
63.6
63.9
5«l*.3
31*.
818
1.029-7
581*. 3
581*. 3
3'*.7
818.
1,01*8.1*
819.2
1.038.9
U8.J
63.7
69.5
91-7
122.2
182.1
it8.'7
3&.0
58.0
51.1
225.2
302.7
366.7
1*8.7
71*.
1*57.7
3'*.7
1*8.7
1*8.7
8T.-3
530.7
562.7
.1*8.7
87.
87.
^.2
25-7
Us.
580.1*
alts -7
1*8.7
87.6
63.6
581*.
19U2-Marcb
195.3
1*8.
87.6
53-3
April
May
June
198.0
1*8.7
20lt.O
1*8.7
209.2
1*8.7
87.6
S7.6
87.6
July
213.0
1*8.7
a8.5
Us.7
September
225.8
1*8.7
October.
November
December.
233.'*
239.5
1*8.7
',8.7
2i»5.7
1*8.7
19U3- January.
February.
March.
251.0
257.5
26U.9
1*8.7
Au^st
.
.
.
.
.U
8
1*8.7
1*8.7
Daily Treasury Statements.
These items represent the difference' between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
Basle:
1/
132.6
128.7
326.2
i*22.1
28.5
16-.
U8.7
"•.5
2/
31*.
1*8.7
1<6.1
18.
Total
seigniorage
on silver
revalued
Potential
seigniorage on
silver bullion
at coet in
General Fund
3'»-5
1935
193b
1937
193s
1939
19^0
19U1
igUs
193»*
t9
77
.
3"
,
.
3
7
51*1.6
,055.8
089.0
.9
The figures In this colujnn are not cujnulative; as the
amount of bullion held changes, the potential seigniorage
thereon changes
Increase due principally to cumulative adjustment In
computing average cost per ounce.
2/
2/
Silver Production, by Leading Countries
(In thousands of fine ounces)
All other countries l/
American countries
Calendar year
or month
Total
for
world
169.159
190,398
1933.
I93U.
1935.
1936.
1937.
1938.
1939.
220,701*
253,696
271*.
538
267,765
265,262
191*0.
273,681*
191*1.
261*,
191*2.
19l*2-Pebruary.
March.
.
.
April.
May. .
June.
553
5/
20,361
21.657
5/
^/
5/
July
August ....
September.
^
5/
October.
November
December
191*3- January
.
February.
ce;
1/
1^
United
States
Canada
22.821
16.395
17,565
32,1*87
1*5,613
Japan
Europe
Mexico
2/
17.71*3
63,351
71,299
61,689
63,872
67,013
69,128
19
5U,lt86
19,762
,
21*.
581*
131
23.826
21*.
538
23,816
20,31*0
U.U70
5,285
1.1*78
1.606
5,606
1.613
l*.9l*S
1,621*
1*.528
1,537
5.01*8
1*.U12
i*,56l
1.966
1,505
1.758
3.619
3,292
3,673
1.870
1.633
3,5^2
3,176
1.606
1.63I*
5/1
68,101
7U,lU5
75.589
77.U6U
8U.681
81. 019
75,371
82.638
78,362
5/
7.213
7.211
5/
6.761
10,381
17,1*33
19,901
16.991*
20.1*21*
18.802
19.000
17,000
15.950
10,819
10.091
12,788
16,539
15.708
15.869
1*1*.
261
'•5,730
51.538
56,858
61,725
6U.939
17,1*97
61*.
683
16.925
18,262
61*.
292
1,000
1.300
1,200
1.300
1.500
5/
1.580
1.635
5/
ll*,769
li*.89l
11,553
11.257
17.199
13.1*31*
19.701*
21.053
13,19'*
ll»,903
22,71*7
21.221*
15,01*3
15.'*17
6.680
7,863
9.706
11.670
12,1*51
13.115
ll*,015
61,1*61
5/
1*.620
1*.620
5/
1,1*00
1,350
5/
1,1*50
5/
1.1*50
5/
1,200
1,500
1.150
5/
.
5/
Annual Reports of the Director of the Mint for annual figuree
through 1939; releases of American Bureau of Metal Statistics
for all later figures.
Breakdown by countries not available after 1939-
Hi,
5/
^,
5/
2/
5/
2/
3/
5/
^
Includes Newfoundland.
Includes Chosen and Taiwan.
Includes Burma.
Not yet reported.
British
India ]*/
Other
Asia
6.080
5.818
5,850
5.977
6.205
1.103
1.179
1.219
1.733
1.913
5.91*7
5.9't3
2.1*51
5.130
U.580
5,200
5.636
2,670
5.1*11*
l*,076
i*.722
OTHER
TREASURY
-79-
STATISTICS
so
Balance Sheet of the Exchange Stablizatlon Fund
As of June 30, 1942 and December 31. 1942
June 30. 19U2
December 31, igUS
Cash:
Treasurer of the United States, gold
Treasurer of the United States, checking account
Federal Eeaerve Bank of New York, special account....
Disbursing officers' balances and advance accounts...
$1.8CXI,000.000.00
$1,800,000,000.00
1.591,051.12
19 5. 338.61*3. 70
5.570.71
1,581,258.70
177. 908. 989.03
10.965.1*8
Total cash.
*l. 996.935. 265-53
51.979.501,213.21
Gold purchased from Union of Soviet Socialist Hepublics
(agreement October 10. igUl and January 3, 19't2) 1/..
lU. 3 58. Wig. 00
Special accounts of Secretary of the Treasury in
Federal Reserve Bank of New York:
Special account No. 1. gold (Schedule 1)
from foreign banks (foreign exchange):
Swl 88 francs
French francs
Belgas
Sterling
Central Bank of China
7,936,0l*5.U7
12.313,103.21
IXie
$
232.629.79
17-88
505.06
2.980.05
I9.i2l.925.3i 2/
10. 008. 630.11* j/
Total due from foreign banke.
Investments in United States (}0Temnent securities
( Schedule 2)
Accrued interest receivable (Schedule 2)
Other accounts (deferred charges)
19.358.058.12
10.012.133.13
lO.lA8.723.i3
10.1*1*8,723.13
9-730.73
10,1*36.1*8
98lt.77
181.57
2.636.00
2.636.00
$2. 031. 615, sUo. 1*3
$2,029,722.1*79.05
Commodity sales contracts (deferred charges).
Total assets.
17.88
505.06
2.980.05
$
Liabilities and Capital
Accounts payable:
Employees' Pay-roll Allotment Account - United
States savings bonds
Vouchers payable
Due to Union of Soviet Socialist Bepubllcs (agreement October 10. I9U1 and January 3. 191*2)
Miscellaneous
Total accounts payable
Total liabilities and capital.
376-89
218.91
$
2.1*71.716.71*
1.500.00
2.1*73.812.51*
2.000,000.000.00
(
Schedules 3 endH)
6oi*.39
756-70
$
Capital account
Earnings less administrative expenses
$
29.11*2.027.89
$2,031,615.81*0.1*3
81
Schedules for Balance Sheet of the Exchange Stabilization Fund - (Continued)
Schedule 2
Dnlted States Oorenunent securltlee hald
Issue
bjr
the Exchange Stat}illzatlon Aind
..
.
82
Net Capital Movement to the United States, 1935 through January 1043
Qn
thouBande of dollars.
Net capital outflow (-)]
Analysis of net capital movement
Ket capital
moTement
Movement In
short-term
banfclug fonde
Movement in
brokerage
balanoee
Movement In
transactions
in domestic
securities
Movement in
transactions
In foreign
eectirltles
Calendar year:
1935
(Jan.
2,
1935-Jon.
1,
1936).
1.1*12,1*86
9611.629
6.039
316.660
125.15s
1936
(Jan.
2.
1936-I)ec. 30.
1936).
1,195,922
397.3'*2
6.811
600.693
191.076
1937
(Itec.
255.59"*
34,687
2l*U.626
267.008
1938
(Dec. 30, 1937-Dbc. 28, 1938).
1939
(Dec. 29. 1938-Jan.
3,
I9I4O).
19l«)
(Jan.
ll.
19lK)-Dec.
31,
I9U0).
31, 1936-nec. 29, 1937).
801,915
1*15,256
331.268
3"*
57.196
26.758
1.195.635
1.132.383
32.990
-85.1*27
115.689
706. 380
852.928
20,358
-21*5.062
78.156
-l»96,923
-286.622
-1*9
191*1
(Jan.
1.
19ltl-DBc. 31. I9UI).
-261.955
51.703
191*2
(Jan.
1,
19U2-Ilec. 31,
19l*2).
6oi*,32i
561.573
3.513
1*6.599
-7.361*
191*3
(Jan.
1.
19'*3-Jan. ^1,
191*3).
71.050
151.109
2,658
U.205
-86.922
Total (Jan.
2.
1935-Jan. 3I, 19l»3)-
5.906.0l*2
u. 360,201*
107,01*1
677.535
761.262
-66,927
-7'*.305
1.175
U.26U
1.939
-1.292
Months:
19l*2-JanuaJ7
1-Jan. 28).
-911,698
-88.565
-59
-U,7g2
1).
13. 31*5
19.020
2.297
-1.329
-6.61*3
2-Apr. 29).
227.185
232.238
-370
1.687
-6.370
103.821
100,712
?ehruary
(Jan. 29-reli. 25).
March
(Feb. 26-Apr.
April
(Apr.
May
(Apr. 30-June
J\ine
(
June
1*- June
3).
30 )
81.881
81.602
1.692
2.1*58
11
2.961
-4.371*
-9.506
July
1*7.282
58.078
-2.593
1.303
Arigust ....
57.31*5
1*8.1*13
251
9.1*27
-71*6
September.
55.018
1*6.121
3.571*
3.1*01
1.922
October.
39.788
23.382
-3.331
g.ll*6
11.591
Kovember
66.905
57.538
-90
6.725
2.732
December.
73.376
57.339
327
12.338
3.372
71.050
151.109
2.658
1*.205
-86.922
19l*3-Januapy.
Note:
(Jan.
The weekly series of coital movement data throu^ July 1. 191*2
has been superseded by a revised monthly series commencing with
July 1. 19U2. For an explanation of the adjustment made to
eliminate the duplication in the two aeries resulting from
the overlapping of one day, see the "Treasury Bulletin"
for October 191*2, page 78.
r^vi
b
i
I
^^t'Y
U.S. Treasury Dept.
Treasury Bulletin
;ju^ OTi^"
L P
f
RA
fc'^OOM
r
453
iNJo.2
@FedFRASER