Full text of Treasury Bulletin : April 1947
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LIBRARY
ROOM 5030
JUN
?,
1972
1
TREASURY DEPARTMENT
JUN
1
1972
TREASURY DEPARTMENT
HT
C
.
<^
MFA^mV.
MUMFFM
npRiL-ig47
LIBRARY
ROOM 5030
JUN
?,
11972
TREASURY DEPARTMENT
UNITED STHTES TREHSURV DEPRRTMENT
OFFICE DF THE
SECRETRRV
Table of Contents
Page
Cumulative table of contents
Artlole section:
Statement of Secretary Snyder on the price situation
Treasury marlcet financing
Statistical section:
Summary of fiscal statistics
Receipts and expenditures
11
A-1
A-2
1
k
General fund of the Treasury
l6
Public debt and guaranteed obligations of the United
States Government
19
Ownership of United States Government securities
*^6
Prices and yields of Government securities (Including
securities Issued by Federal agencies)
^k
Corporations and certain other agencies of the United
States Government
6l
Internal revenue statistics
72
Monetary statistics
77
Capital movements between the United States and foreign
countries and net position In foreign currencies
82
In those tables where figures have been rounded to a
specified unit, all calculations (Including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
Treasury Bulletin
Cumulative Table of Contents
April 1947
Cumulative Table of Contents
-
(Continued)
Treasury Bulletin
Cumulative Table of Contents
-
(Continued)
April 1947
Cumulative Table of Contents
-
(Continued)
April 1947
Treasury Bulletin
A Statement by the Secretary of the Treasury
During the past sevI have become
eral months
Increasingly concerned
over the rise In prices.
see more and more eviI
prices
the
that
dence
pay are
being raised to levels out
of proportion to their inThe sharpness of
come s.
have
people
the
to
rise
recent
shown
is
In the accompanying chart.
people
When
find
high they stop
They wear their
buying.
They
old clothes longer.
too
prices
put off buying new cars and building new
They buy cheaper foods and less
houses.
meat and butter.
strongly that our economic
so promising, will be Jeopardized if we do not cooperate to reduce
feel
I
outlook, now
prices now.
get prices down is
to
out down their buying. Restart cancelling orders, and
hard way
The
for people
to
then
tailers
reduce their inventories throu^
Factories, In turn, have
clearance sales.
workers,
to curtail production and lay off
which further reduces consumer demand.
try
to
This Is the hard way.
I ask all who
There Is a better way.
have a voice In pricing their products to
cooperate In reducing prices before they
are forced down.
I
have
been
immensely gratified by
the price reductions made recently by sev-
eral
of
our
larger manufacturing compa-
nies, and I know there are many others who
have done their share.
Ireasury Bulletin
Treasury Market Financing
Historical details of Treasury market financing operations Involving bonds,
notes, and certificates of Indebtedness, beginning with the Fifth War Loan,
are published In the tables on pages 30 and 31. Details of weekly Treasury
bill offerings are shown on pages 32 and 33
following
March Maturities
The
Maturities In March totaled $5,061 million,
comprising an Issue of 7/8^ certificates of indebtedness maturing on March 1 in the amount of
S$?,133 million, and an issue of l-l/l^^ Treasury
notes maturing on March 15 In the amount of
Cash payments on these maturi81,94a million.
ties aggregated $2.9 billion made up of the total
note Issue and $1 billion of the certificate
For the remainder of the maturing certifIssue.
icates an exchange offering of a new Issue of
Subscripone-year 7/8^ certificates was made.
tions were received subject to allotment to all
holders on an equal percentage basis, except tnat
subscriptions in amounts of $25,000 or less were
Cash subscriptions were not
allotted in full.
ownersnlp distribution
Tne handling
of the March maturities
received.
was announced by Secretary of the Treasury Snyder
in press releases on February 17 (for tne oertifioates) and February 20 (for the notes).
certificates were dated March 1,
They will
mature March 1, 194S.
bear interest at the rate of 7/S^ per annum wnich
Inwill be subject to all Federal Income taxes.
terest will be payable in full with tne princiTne
1947
new
and
will
pal at maturity.
Subscription
books
were
ary 17 and olosea at the end
opened
of
on
Febru-
business on Feb-
The certificates were issued In bearer
ruary 19.
form only in denominations of $1,000, $5,000,
510,000, «100,000, and «1, 000, 000.
Secretary Snyder anFebruary 27, 1947,
new issue
tlie
for
that subscriptions
Subscriptions in
aggregated 12,950 million.
amounts of $25,000 or less were allotted in full
Subscriptions in
in the amount of 852 million.
amounts of over $25,000 were allotted 72> on a
straight percentage basis, but not less than
#25,000 to any one subscriber, and with adjustments to the next highest thousand where necesOn
nounced
Total allotments amounted
sary.
lion,
to
$2,142 mil-
leaving $991 million to be paid in cash.
On the basis
the ownership
of
reports
of
turing certificates
and
porting commercial banks and
Banks as of January 3I, 1947.
ures as
of
to
tne Treasury on
about 58> of the manotes was owned by re-
tne debt,
January 3I
are
tne Federal Reserve
The ownership fig-
the latest available.
table
presents a summary of tne
of each of the raatui'lng
issues.
Ownership Distribution of Issues
Maturing in March 19't-7
As of January 31, 1947
Maturing
issues
April 1947
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary ReceiptB and Expenditures
(In nllllons of dollars)
April 1947
Public Debt and Guaranteed Obligations Outstanding
Teb. 28,
iaU6 to
Seearltlee Issued ij the Dnltad Statet
Interest-bearing debt:
Public Issue.:
Total public Issues
Total Interest-bearing debt
Matured debt and debt bearing no Interest..
Total public debt outstanding
Securities guaranteed by the Onited States 2/
Interest-bearing debt:
Public issues:
Non-marketable
Total Interest-bearing debt
Matured debt
Total guaranteed securities outstanding
Total public debt and guaranteed ««eurlti»«
Source:
n.a.
Dally Treasury Statement, except as
Sot aTailabls.
-2U,U00
*56o
57,206
Non-marketable
2lU,72U
257,016
237,176
17,130
2U,938
231,85''
258,113
1,853
3.305
261, UI8
Treasury Bulletin
RECEIPTS
AND
EXPENDITURES
April
1947
Budgetary Receipts and Expenditures
Table 1.- Summary by Major Classifications
(IB
mlUloM
of doUars)
to r«daral
01d.A«« and
SurrlTor*
TriMt Fuid i/
1937
1938
1939
5,29''
6,ali2
5,668
5,925
WkO
19»1
19k2
'',597
5,029
5,855
5,165
5,387
5,67k
5,161
5,303
7,362
WkS
13,668
23,385
19W.
19*5
19*6
1.7, TkO
1.1,685
"•3,902
3,k83
i>'',?39
kO,310
3, '•93
'•5,l>08
13,765r
6,079 IB/
95,573r
6,U9
286 2/
22,lkl.
U/
U/
3,l>35
March
5,7l<7
3,8k5
April
3,677
2,733
li,268
.
H=J'
3,6i.U
2,932
2,755
Soptembsr.
2,965
2,529
3,662
..
Norenibor..
3,693
19'*7-Janua2Tr-
3,''15
. •
February.
.37'*
•
1,893
1,523
1,839
333
Dally Treasury Statement.
Excludes amounts for public debt retirement which are chargeable
to the sinlclng fund, etc. under special provisions of law.
For further details, see Table 2.
For explanation see tables which follow entitled "Social Security
Program."
For further details, see Table 3.
For further details, fce Table k.
For further details, see Table 5.
For further details, see Table 6.
Total expenditures less net receipts.
Includes recoveries of U. S. investments In capital funds. Such
recoveries totaled $5". million In the fiscal year 191.0; $319 mll-
51,l'31i
53,9'.l
30,676
3,560
2,182
2,U.2
3,861.
5,352
Julj
October.
36,011
73,109
67,039
90,039
3,863
3,910
6,158
"•8,5*3
3,678
19*6-Fel)ruary
1,306
1,6?7
6,301
2,691.
1,271.
1,718
1,190
1,509
1,100
1,1.91.
1,091.
2,017
3,113
1,533
3,911.
3,1.73
reductions In capital stock and paid-in surplus
be reissued under existing law are Included as nei
der expenditures.
11/
Such reductions totaled $315 m
e renegotiation of war conon on the amount of such deposits Is not avallof Dally Treasury Statements. On the basis of
such deposits were as follows:
fiscal year
191.3, $558 million; fiscal year I9W., $3,335 million; fiscal year
These
191.5, $3,01.1 million, and fiscal year I9I.6, $1,063 million.
figures Include so-called voluntary returns.
Includes depos;
tracts
Inf on
able on the bai
.
Table 2.- Analysis of Receipts from Internal Revenue!/
(Im
mlUlsu
of dollan)
MlscelAct of 1937
(Fallroad
retlrMont)
1937.
1938.
1939.
5,67''
5,161
5,303
7,363
191.0.
191.1.
191.2.
19'.3.
^'•'•.
3'',655
^•5.
35,173
30,885
19'.6.
8,393
10,389
9,393
16,09k
36,363
3k, 88k
191.6.
April
May
1,603
July
September.
kl.3
3,393
3,71.3
1,1.89
2,1.91.
1,513
3,550
l.,291
1,1.01.
november.
December..
191.7-January
.
1,1.1.1.
2,886
.
February.,
,271.
1,118
1,'«)7
2,251
1,186
l,k98
1,739
1,780
1,701
1,130
1,393
1,310
1,238
Intemal
Treasury Bulletin
Budgetary R«e«lpt8 and E3cp«nd 1 tures
-
iContinuw
Table 3.- Analysis of General Expend! turesl/
(In nlllloae of dollare)
Teterana* Adalnletratlon,
intareat on public debt, a
rafunda of taxae and dutle
Other general ezpendlt
Total
Veterans
Admlnia-
agriculture
Ration
1937
1938
1939
19110
19'il
6,6Ul
5,985
7,313
7,109
6,079
1,503
1,567
1,564
1,687
1,751
1,906
2,456
3,500
6,258
10,620
19''2
19l»3
6,005
5,635
19itli
6,11.9
19l»5
8,730
19116
l'>,559
Public
vorta
2,242
1,573
1,374
5,751
5,421
4,327 loy
3,178
2,649
2,1*72
763 2/
998 11/
3,938
191*6 -FoJ>ruai:y..
April
May
l,it90
l.iiOO
1,103
1,015
3,066
2,1*07
July
8,69''
1,271*
September.
1,718
October...
November
December.
.
I9'i7-Ja.'>iiarj...
February..
ce:
•
Dally Troaaury Stataaent.
Less than $500 thousand.
~1/ General expendlturea now
2j
^
include aipondituras for rerolTlne funds
back figures have been revised accordingly.
Includes public works undertaken by the Veterans' Administration.
Does not Include transfers to trust accounts, etc. These are
1
kj
2/
Tab!
:lude
transferred to public debt acproflts tai refund bonda and
exclude refunds of taxes under the Social security prograa. Excess profits tax refund bonds were formerly issued to corporations entitling them to a post-war credit equal to 10% of the excess profits tax paid. The Tax Adjustment Act of 1945 reduced by
10% the amount of excess profits tax to be paid and abolished the
post-war credit. For amounts of excess profits tax refund bonds
issued, see the first table in chapter entitled "Public Debt and
Guaranteed Obligations of the United States Government." Outstand
ing excess profits tax refund bonda may be redeemed at the option
of the holder commencing January 1, 1946; when such redemptions
occur, they will appear as retirements of public debt.
Consists of Department of Agriculture expenditures, except forest
roads and trails which are Included In Public works. In flacal
year 1945 and In July 1946 there are Included $257 million and
$921 million, respectively, for restoration of capital inpalrmont
of Commodity Credit Corporation.
"Refunds of
I
10/
11/
Includoe railroad ratlrenent and railroad unemployment activitiee
and oxcludee oipendlturoo Bade by Department of Labor, U. S. Qnploynent Serrlce (formerly Office for Qaergency Management, War
Manpower CojBileslon, U. S. Etaployment Serrlce), under authority
of Social Security Act.
For further details, see tables which
follow on the Social security prograDi.
Includes public buildings, public highways (including forest roada
and trails), river and harbor work and flood control, Tennessee
Valley Authority, Federal Public Housing Authority (formerly U. S.
Housing Authority), reclamation projects and the Public Works Adminietration. Excludes certain expenditures for public works in connection with war actlrltiea by the Federal Works Agency, beginning
July 19UI.
Consists of payments under Bretton Woods Agreements Act - International Bank; credit to United Kingdom; and Export-Import Bank
of Washington - capital stock.
Classified aa Other expenditures commencing July 1, ig'*^. For additional information on Direct and work relief, see "Treasury Bulletin" for August 19^?, page 6.
Cross expenditures have been reduced $315 million representing the
repayment of capital funda by certain United States Government agencies. For further details see "Treasury Bulletin" for June 15^3,
page 9, footnote 12.
Includes $500 million for Cocnnodity Credit Corporation - postwar
price support of agriculture.
April 1947
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War and Defense Activities
fiscal year
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Analysis of Expenditures of Government Corporations (Wholly Owned), Etc. (Net)
(In mlllloiu of dollsri)
Export- iKport
Bimk of
Washington
1937
1938
1939
Ttienl
-371
-208
320
299
1,05k
19W
igki
19k2
19»3
Biral ZlactrlricatloB
Pa^iilc
Eoualng
Authorltj
,
WW
W?
19*6
19U6-F9liruary
March
April
May
July
Septe
November.
December.
19U7-Jajluary.
February.
Dally Treasury Statement.
Less than $500 thousand.
Includes transactions on account of RFC Mortgage Company, Federal
National Mortgage Association, Office of Metals Reserve, Office of
Rubber Reserve, Office of Defense Plants, Office of Defense Supplies, U. S. Commercial Company, War Damage Corporation, and Rubber
Development Corporation.
Division between expenditures for War and defense activities and
other not available.
Payments of $957 million have been made during the fiscal year 19^6
by the Agriculture Department (charged as war and defense activities)
to the Commodity Credit Corporation in roijnbursement for agricultural
AtBlMatratlon
poratlon
2/
April
1947
Table 7.- Total Budgetary Receipts and Expenditures by Months, Beginning with 1938
(In »Jlllon» of dollarB)
Cil»ndar
ys«
Treasury Bulletin
Trust Accounts, Etc., Receipts and Expenditures
(In nUlllonB of dollars)
Federal Old-^e
SuTTlTors InflurtL
Trust Fund
Railroad Retlre-
colpts (+)
Net
Receipts
837
957
1,118
-1,613
-338
-s,ssz
1,363
+791
I,3't9
1,185
1,357
1,377
1,323
893
2,102
2,332
Accounts, Etc., Receipts and Expenditures
(In BlUlone of dollars)
fiscal year
or month
1,399
1,567
1,508
1,2'»3
l,l<OU
1,561.
1,508
i.sua
April
1947
Meane of Financing Cash Requirements
Treasury Bulletin
Social Security Program: Section
I
-
Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(In llllano of dollaro)
TiecBl year
April 1947
Social Security Progran - (C<Hitlnu«d)
Section
I
-
Budgetary Receipts and Expenditures - (Oontli
Table 2.- Railroad Retlreaont Account
(In
nlUloni of dollars)
EocolptB
Ixpendltura*
Act of
1937
109-3
121.0
136.9
170.0
208. S
267.1
285.0
120.7
12U.U
1U8.5
220.2
265.3
311.3
II1O.9
21U.S
,u
April.
May...
37.7
July
SoptRDbe
112.1
-77.3
Co:
Eblly Treasury
Los. than $50
IncludoB only oipendlt
:
'
If
Table 3.- Railroad Unemployment Insurance Act-^
Treasury Bulletin
Social Security Program
Section
II
-
-
(Continued)
Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi/
(Cuiii\aatlTe from
Snd of flsCBl
year or month
organlintlon - In Billions of dollarB)
April 1947
Cash Income and Outgo of the Treasury
Table 1.- Cash Income and Outgo, by Major Classifications
1/
Treasury Bulletin
GENERAL
FUND
OF
THE
TREASURY
April 1947
Assets of the General Fund of the Treasury
(In aUllona of dollan)
BrU of flBoal
year or onth
Treasury Bulletin
Analysis of Caiange In Balance of General Fund of the Treasury
[^la
mlUlo
of dollars - let Increase
(.)]
•veolal
Total
change i;
Oeneral
Oorenwnt
eoryomtlena
(vkollT
one*),
Iruat
accoimta
Selgn-
2/
on allTer
Clearing
lon«e
etc. (net) l/
-2,778 1/
-1,176
-3,862
-3,910
-6,158
1937
1938
1939
igito
igi"!....
8/
792 1/
3,280 1/
2,528
5,99»t
23, Wl
-21,l>91
19112
2,71.6
6l.,27'i
191'i
igkii
ms
-53,9''l
307
57,679
19'»6
-20,676
10,7l«)
61.,
-1,613
-338
-2,222
791
igW-yobruarr..
March
,
April
May
-2,11V
-1,316
-3,161
-3,1.33
-2,398
-l.,298
Jul/
Soptenbar.
October.
-2,209
-989
-a68
.
Decenber..
19*7-Janiiar7
.
February
.
.
Dallj Treaaurj Statement.
Beginning vlth flacnl jear 191.5 certain roTtali
In this table.
See "Treaaury Bulletin,""
Less than $500 thousand.
This is the net budgetary deficit (-) or surplus. Eloludss SBounts
for public debt retirement vhlch are chargeable to the sinking fund,
etc., under epeclal proTlsions of lav and beginning vlth fiscal ysar
191.5 Includea GoTemment corporations (wholly owned)
Coaprlsee Federal Old-Age and SurrlTors Insurance Trust Fund,
Fund, Unemployment Trust Fund, Rallret
footnote 1..}
Chargss for retirement of national bank notes are ref
statement directly against Incrsment on gold, In the ,
which the retirements were actually made.
[See footnote 8.)
Comprlaes Public Works Administration revolving fund, special de-
posits (net), and, during the fiscal years I9I.0 through 19I.5,
transactions in co^Dodlty food stsmps by the Department of Agriculture. CooBenclng July 1, 191.5, such transactions are classified in
the column "Trust accounts"
Beginning with fiscal year I9I.5 represents sales and redemptions of
obligations of Goremment corporations, etc.. In the market (net).
Represents outstanding chscks, see Bote.
Includes Inactive gold In the ajnount of »1,087 million.
Kzpenditures for the retirement of national bank notes from increment on gold for the fiscal years 1937 to 1939 (as shown below) ars
not reflected herein, but are reflected under increment on gold as
follows:
1937, $99 million; 1938, $51 million; and 1939, $5 million.
The Increases in the public debt shown In the table "Means
of Financing Cash Requirements" for the above fiscal years will not
agree for the reason stated above r
April 1947
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bulletin
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A
(In
FISCAL YEARS, 1937-191(6
BllUou
ot iollari)
AprU 1947
Detailed Statement Of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B
-
MONTHLI DATA
(In mlUlone of dollare)
Treasury Bulletin
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
Office of the Secretary of the Treasury. Division of Research ond Stotistics
1947
April
ial
Issues to United States Government Agencies and Trust Funds i/
(In slUlons of dollars)
Rational
Serrlco
Life
SurrlTore
Insurance
Trust Fund
193T
1938
1939
Wto
WW
6,120
Wka
19Wi
Wk?
19U6
19ll6-Febru«l7
April
Maj
.
Sjst«.
2/
1,177
1,738
2,381
2,273
7,885
10,871
111, 287
18,812
22,332
19l»3
Postal
796
1,076
1,^69
3,^
l.,257
1,213
3,187
5,610
5,2llO
6,699
6,71.7
20,897
21,135
6,71.8
21,22lt
.
21, Wl
22,332
Jul7
23,ol>5
23, '•''3
S3,85'«
Octob)
2lt,015
December.
21.,
5,910
5,910
6,200
5,330
5,520
5,570
1,135
1,207
1,236
2l>,25ll
585
2,379
2,387
2,381
5,595
6,75^
5,61.5
6,851.
6,851.
5,675
I9I17 -January..,
February
Source:
1/
.
Dally
These
public debt
2/
detailed statement of the
^
Guaranteed Obligations Held
Inclines Postal Saving* Systaa of the Canal
iDclialea Adjusted Ssrrlce Certificate Fund,
ance Fund, and War Eoitsing Insurance Fund.
bi
(In millions of dollars)
End of fiscal
year or month
the Treasury
^
S
I
.
Hortgage Insur-
Treasury Bulletin
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Government
BlUiona of dollars)
Guaranteed obligations 2/
and gruarantfled obllgatlo
(In
(In mllllonB of doUars)
1937
1938
1939
igto
nimons
l,0li7
92lt
Ul,liS8
1,068
9U7
1,037
1,095
1,218
6,360
•5,336
i.ug
U7,87l.
1,203
Wki
WW
76,517
19lt3
139,l»72
19W1
801,059
256,766
268,578
Wk?
19"t6
(In millions of dollars)
of doUars)
to,U65
1.978
1.925
1.935
1.995
l.,853
5,1.50
5,1.98
71,968
135,380
l,6i.lt
i.,5l.9
2,679
l.,092
199,51*3
3,81.9
1,516
256,357
268,111
i.,961.
1.09
1.861
1.968
1.335
5,351
I9!i6-P»l>ruar7..
Harob
April
May
July
August
Septeaber.
19lt7-January
.
.
February
.
273,2''l>
5,'' 30
272, 7U
271,983
268,578
5,'t2't
271,'tto
5,1.23
5,1.17
1.351.
1.31.8
5,357
?68,1U
5,351
I.UIO
267,363
266,729
26U,6o8
5,368
5,371
5,358
267,039
266,359
26li,217
5,363
5,366
5,353
262,792
261,286
257,980
5,3'>9
5,3k''
5,30l>
262, U15
5,31.3
2.036
260,925
5,339
5,299
2.01.6
2.035
2.0U6
2.056
Dally TreasuiT Statement.
Treasury bills are Included In Interest-bearing debt figures at face
amount, but for purposes of calculating the computed annual Interest
charge and the confuted rate of Interest, the discount value Is used.
For the purposes of computing the i^nn^^nt Interest charge and rate of
257,61.9
2/
2.057
Interest on United States saTlngs bonds, Series A-E are considered
to yield 2.90% per annum and Series F is considered to yield 2.53^.
Guaranteed securities held by the Treasury, and securities guaranteed as to Interest only, are not Included In this table.
April
25
1947
Statutory Llnltatlon on the Public Debt
Section 21 of the Second Liberty Bond Act, ae
amended, provides that the face amount of ohllgations
Issued under authority of that Act, and the face anount
of obligations guaranteed as to principal and Interest
by the United States (except guaranteed obligations
shall not exheld by the Secretary of the Treasury)
ceed In the aggregate $275 billion outstanding at any
one time.
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
the
owner,
of
are Included In the statutory debt limi-
tation at current redemption values.
,
Table
1.
Condition as of February 28, 1947
(In millions of dollars)
llmltationB
Amount of securities outstanding subject to such statutory debt limitation
U. S. GoTenBoent securities issued under the
l/'-
Second Liberty Bond Act, aa aam
Guaranteed Becurlties 2/
Total amount of securities outstanding subject to statutorr debt limitation.
Balance issuable
260,698
1U,3CC
authority.
Table 2.- Analysis of U. S. Government Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, February 28, 1947
(In mllliona of dollars)
Treasury Bulletin
Analysis of Issuance and Retirement of Public Debt
Fl80«l 7««r
or onth
April
1947
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 2J
As of February 28, 1947
sifted by year of:
!a»%/
Treasury b
Cer
7/8*
l-l/U* Tre laiy'note
?/8)t
Treasury bll
7/8*
CertlflMt.
7/8*
CenlflMte
7/8*
Certificate
CertlUcat.
7/8*
1-1/2* Treaeury no
1-1/U* Treasury ao
U-l/U* Treaeury bo,
Certificate
7/8*
7/8*
Certificate
7/8*
2*
Certificate
Treasury bo
Treasury Balletin
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States!/
As of February 28, 1947 - (Oontinuedl
(In Billions of dollars)
iaoQiit of natnrlties
tarlleat d&te
DeBcrlptlon et security
1952-Mar..
23t
1.963
Treaauiy
2-1/296 Treasniry
3/15/52-5^-
Treasury
15/52-5^-
25t
Oct..
6/26/Ult
:^^-
2-lA*'
Sept.
^
/'52-55.
2-1/2*'
23t
Treasury
9/15/50-529/15/50-52.
U-lAjS Treasury
3-V«*
'
a/25/>«
l,l<6
"•,939
V15A3
10/15A7-52.
759
10/16/22
partially
12/15A9-52-
1*91
12/15/3't
partially
12/1/W»
ia/15/52-5»*.
2*
taxalile
Total..
1953-Jiine.
3t
Treasury
Sept.
23t
Treasury
2-l/23t Treasury
6/15/53-55'
'
10/7
7,986
9/I5A3
1,786
12/15/36
12/22/39
3/15/52-9'*-
1,02U
3/31A1
6/15/51-5^.
1.627
5,825
2-lA* Treasury
195U-Jter..
2-1/31 Treasury
2-3A)' Treasury
Treasury
2^
2-lAl' Treasury
'
Ao
9/15/51-53.
ia^l5/lt9-53-
6/15^2-5*.
6/15/5^56-
taxakle
partially
tazaUe
partially
13/15/52-5't-
la/iAU
taxaUs
2-7/«*
3/15/55-60.
3/15/35
partially
2-lA*
6/15/52-556/15/53-55
2/25A2
10/7/>IO
taxable
partially
9/l5/51-55
9/15/31
partially
12/15/51-55-
la/isAi
taxable
2-i/JSl
3/15/56-58-
2-lA*
6/l5/5>t-56.
6/aAi
7/22A0
2*
Total.
1956-M8r..
9/15/36
Sept.
2AAlt
2-1/236 Treasury
3/15/56-58.
6/2A1
2-3A)6 Treasury
6/15/58-63-
6/15/38
6/I/U5
taxable
9/15/36
2/1/UU
partially
9/15/56-59-
2-lA*
2-3A*
2-lA*
2-lA*
11/15/^
ia^l5/59-62-
U.goU
Total.
2-7/8*
taxable
partially
'
S-SA* Treasury
2,611
3/15/55-60.
12/15/60-65.
(Contlnnad an follmdae pace)
3/15/35
partially
ia/15/38
partially
April 1947
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States ll
As of February 28, 1947 - (Continued)
(In millions of dollars)
Tear
and
month
Treasury Bulletin
Offerings of Marketable Issues of Treasury Bonds,
and Certificates of Indebteness
Period to maturity
rlptlon of security
in parentheses)
(Date of leeue
Sth War Loan eeourltleB;
j/
2-1/2* ftr»»». bold- 3/15/65-70
Treas, bond- 6/15/52-51.
1-1/U* TreaB. note- 3/15/1*7
Certificate- 6/I/U5
7/8*
y
7/20/1*
7/a/uu
7/gjS
8/2lt/Wl
g/2lt/lA
8/2U/UU
9/20/IA
B/Sk/iA
9/25/Wt
7/8*
It
7/g)t
CertificateCertificate-
g/l/l^
(g/l/Ul.)
1
1
(U/l/Ml)
1
yr.6.l/
(10/1/1(1.)
1
yr
(12/l/Ul*)
26
10
2
1
9/1/1*5
!*/
(12/1/1*)
(12/l/lA)
(Ig/l/Ul.)
(12/l/ltl»)
1/1/1.6
2-1/2* Tre... bond - 3/15/66-71 g/ U/. .(12/1/W.)
Treae. bond - 12/15/53-5!. g/
(12/1/1*1*)
(12/1/W*)
1-1/1** Treae. not. 9/15/!'7 8/
2/19/1*5
t;/19/U5
7/8*
7/«*
7/8*
7/g*
2/1/1*6
5/21/U5
7/23/»t5
5/21/1.5
7/23/1.5
8/20/U5
g/20/U5
5.0U3
jr
(5/1/1*5)
(6/I/I.5)
(6/I/U5)
(6/1/1.5)
(6/I/I.5)
27 yr
17 yr
5yr.6.
(22 yr)
(lU yr)
7.967
7.967 2/
5.2gl*
2.635
2.635 1/
H.799 2/
it.799
.90*
Treae. note -
7/8*
7/8*
Certificate -
7/1/1*6
g/1/1.6
(6/I/I.5)
(g/l/U5)
U,910
2.U70
Certificate-
9/1/1*
(9/1/1*5)
lt.336
U,6g9
li.6«9 2/
3.1*70
3.76«
(10/1/1.5)
3,1*1*0
ilZ/l/U^)
(I/I/I.6)
3,778
3,330
a/ig/1.6
7/8*
7/8*
Certificate Certificate -
7/^
Certificate-
5/20 A6
7/g*
7/8*
7/8*
Certificate
2/lA7
3/lA7
U/lA7
6/lA7
7/lA7
g/lA7
9/lA7
10/lA7
ll/lA7
12/lA7
(a/l/U6)
(3/1/U6)
3/20A6
6/1I./U6
7/17A6
S/13M
g/19/1.6
9/18/1.6
10/21/W
11/1SA6
10/21/U6
la/lg/l^
ia/l8/U6
1/20A7
2/17A7
V19/U7
1/20A7
2/17A7
11/18/1.6
3/19/1*7
7/ffi6
7/g*
7/g*
7/8*
7/8*
7/g*
7/g*
7/8*
-
CertificateCertificateCertificate Certificate -
CertificateCertificateCertificate-
2! 1.70
1..336
j/
a-1/2* Treat, bond-12/15/67-72 kj.... (U/15/1.5)
3-l/l» Treat, bond-12/15/59-62 W-- ••(11/15/1*5)
Certificate- 12/1/1.6
(12/3/1.5)
7/8*
7/8*
7/8*
.0U3
l..li*7
l/lA7
7/17A6
2/
(21 yT.3 m)
8 yr) 5/
(
2!rr,9»2/
1
II/1/U6
1/21/1.6
2/
V
IO/1A6
5/20 A6
6/14 A6
1/
7.922^
1.550
li.JSSj/
i*.395
Certificate Certificate -
1/21A6
2/lgA6
3/20A6
.a.
J.Vts 2/
3.1*1*8
7.922
1.550
Certificate-
11/19/1.5
ce:
10 yr
(21 7T.3 «)
g yr)
(
1/gf.
9/2'»A5
11/19A5
12/17A5
9/18/U6
3.§l*
3A92
J/
Treae. bond- 6/15/67-72 Jt/
Treae. bond- 6/15/59-62 1/
Treae. bond-12/15/50
Certificate- 6/1/1.6
Victory Loan eecuritles:
H
i,9n«3y
5.g25 IJ
(U/I/U5)
5/1/1.6
7th War Loan gecurltleB:
2-1/2*
2-1/1*
1-1/2*
7/8*
(2/1/1*5)
(3/1/1*5)
3/1/1*6
U/1/1.6
yT,3
yr
yr,9
7T
1 yr,l 10
26 yT.3 m
H/20/W4I 2*
CertificateCertificateCertificateCertificate-
2.909^
1.91*8
^Z
Treas. bond-12/15/52-5l»
l-l/U* Treae. note- 9/15/l»7
Certificate- I2/I/I.5
7/8*
2)1
1/22/U5
2.909
5.g25
yr
yr
IS/l/VH)
3/15/1*5/
10/1/1.5
Treat, note -
(20 yr.9
(
g yr)
>*.770i/
Certificate-
2-l/23( Trea». bond- 3/I5/66-7I
.90*
25 yT.9
10 yr
2 yT.9 •
(6/26/1*1.)
Treae. note -
6th War Loan eeourltlee;
11/20/Wt
iJ...U/i/V*)
(6/26/W.)
(6/26/UU)
2jS
yr
2,307
U,95U
3.133
2,g20
2,775
2,916
1,223
1 yr
1*,1U5
2,31*1
yr
3,203
WlM)
11,71.2
U,i68
(6/1A6)
(7/1A6)
IS/lM
(9/1/1*6)
(IO/1/I.6)
(II/1/I.6)
l.,673
1
1
3,1*32
(ia/l/U6)
3,281
3,131*
l/l/lW
(I/IA7)
Certificate Certificate -
Z/l/UB
^^/l/k^)
3/lA«
(3/lA7)
Certificate-
U/l/Ug
(U/I/U7)
Bureau of the Public Debt.
Hot arallable.
In the case of the reopening of a previously offered security, the
period to first call and to maturity are calculated from the date
interest commences on the reopening.
Consists of all public cash subscriptions and of subscriptions by
U. S. GoTemmeat agencies and trust funds.
Figures on ajBOunt of War Loan securities issued consist both of
concurrently with Drive to commercial banks and Treasury Invest-
3,1*0
3.77g
3,330
ment accounts.
Bank restricted issue. See preceding table (maturity schedule of
interest-bearing public marketable securities) for earliest date on
which commercial banks may acquire this Issue.
Reopening of previously offered secirlty,
June 26, 191*1*.
September 15, 19l*U.
This is the seme security that waa offered in the Sixth VTar Loan.
December
Exchanged as of
15, 191*1* and accrued interest charged from
December
December 1 to
I5.
April 1947
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Date of re-
funding for
maturing security 1/
(Date of ieaue is ihown la pareDtheaes)
(In Bl!
7/8*
7/S*
V*
li
CertificateCertificate-
g/l/lA
(8/2/U3)
9/1/'*''
(9/15/''3)
Treaa. note Treas. note -
9/15/'*''
(l/31/'tl)
9/15/'»'t
(12/22/39)
Totals for exchange transaction of 9/15/'''t.
Certificate -
7/8^
7/8*
Certificate-
hi
Treas.
10/1/UU
12/1/UU
bond- 12/15/Ut-5U
Certificate7/8*
1-1/8* CCC not.
-
(IO/I5/U3)
(IS/l/U?)
(12/15/2U)
2/1/U5
(2/1/UU)
Z/lSAS
(7/21/"tl)
5,OU8
Ul2
Totals for exchange transaction of S/l/Uj..
5,U6o
Treas. note Treas. note 1-1/U* Treas. note .90*
3/I1*
3/l/''5
3/15/''5
3/15/''5
(2/1/UU)
2,127
(3/15/1*0)
(9/25/U2)
Totals for exchange transaction of 3/I/I45..
CertificateCertificate-
7/8*
7/8*
Certificate7/8*
1-1/2* BOIC bond
-
8/I/U5
7/8*
g/i/i"?]
7/8*
^/l/k^
5/l/'t5
6/I/U5
6/I/U5-U7
(U/l/Ult)
(5/l/'<'*)
(6/26/UU)
(6/1/59)
755
Totals for exchange transaction of 6/I/U5..
5.525
CertificateCertificate-
2-3/H
Treas. bond -
8/I/U5
(8/1/UU)
')/l/h^
(9/1/UU)
(9/16/35)
9/15/'»5-''7
Totals for exchange transaction of 9/1/^5..
Certificate-
10/1/U5
7/8*
IO/I/U5
(10/1/UU)
12/1/145^
Certificate- 12/1/U5
7/8*
3/U*
Treas. note - 12/15/U5
2-1/2* Treas. bond - 12/15/U'j
(12/18/UO)
(12/15/37)
(12/1/Uli)
Totals for exchange transaction of 12/1/U5.
1/1/146
3*
1/1/U6
?/l/U6
^/Uh(,
.90*
7/8*
7/8*
3-VU*
5/1/U6
li
7/8*
7/8*
6/1 /Ub
7/8*
U/i/ii6
6/15A6 {
7/l/'*6
8/1/I16
10/1/1*6
U/1/U6
lS/l/i.6
12/15/U6
3/1A7
3/15A7
U/1/U7
ConTcrsion
bond
Treas. note Certificate -
1/1/U6
1/1/U6
2/1/U6
Certificate-
3/1/1*6
Treas. bondTreas. note -
3/15/U6-56
3/15/U6
U/1/U6
5/1/U6
6/1/U6
6/15/U6-U8
6/I5/U6-U9
7/1/U6
8/1/U6
9/1/U6
10/1/U6
11/1/U6
12/1/U6
12/15/U6
CertificateCertificateCertificate-
Treas. bond 3-1/8* Treas. bondTreas. note .90*
1*
7/8*
7/8*
7/8*
7/8*
7/g*
1-1/2*
Certificate -
CertificateCertificateCertificateCertificateTreas. note -
3*
Conversion
bond
7/8*
7/8*
7/8*
CertificateCertificateCertificate-
1-lA* Treas
7/8*
.
-
note -
Certificate-
(1/1/16)
(12/1/UU)
(2,1/U5)
(3/1/U5)
(3/15/26)
3,Ui6
5,OU3
U,1U7
(U/l/Ul)
(U/1/U5)
{5/1/U5)
(6/I/U5)
(6/15/-1U)
(6/15/11)
(6/I/U5)
(S/I/U5)
(9/1/U5)
(1O/I/U5)
(I2/I/U5)
(l2/3/''5)
(6/5/U2)
I/I/U7
I/I/U7
2/I/U7
(1/1/17)
(I/I/U6;
(2/1/U6)
3/lA7
(3AA6)
3/1 SA?
U/I/U7
(6/26/UU)
(U/1/U6)
3,778
3,768
3,261
l:'^l
Treasury Bulletin
Offerings
Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Aaoontt In allllone of dollari)
Date or
letue
April 1947
OfferlngB and Maturltl#» of Treasury Bills
Table 2.- Prices and Rates of Treasury
-
BUI
(Continued)
Offerings
CoapstltlTa bid!
I(ialT*lut
rate
1/
19U6-Mb.
7.
yeb. lU.
r<b. a.
Feb. 21.
99.905
99.905
99.905
lUr.
7.
lUr. It.
«»r. 21.
Mar. 2(.
99.905
99-905
99.905
99.905
U.
Apr.
Apr. 11.
Apr. 1«.
Apr. 25.
99-905
Nay
Hay
M«/
2.
9.
H.y
lb.
23Jl.
iliuia
13.
•tay
99-905
99-905
99-905
99-905
Jaly 5.
July 11.
July 18.
July 25.
99-906
99-905
99-905
99.905
1.
Au«.
Au£.
e.
Au«. 15.
Au«. 22.
Au<. 29.
99.905
99.905
99.905
99-905
99-90U
Sept. 5.
3apt.l2.
S.pt.19.
Sept. 26.
99-905
99.905
99-905
99-905
Oct.
3.
Oct. 10.,
Oct. 17.
Oct. 2ll.,
Oct. 31.
99.905
99.905
99.905
99.905
99-905
Not.
7.,
lOT. Ik.
Jot. 21.
»0T. 29.
99.905
99.905
99.905
99-906
Dec.
5.,
Bee. 12..
Dec. 19..
Dec. 26..
99.905
99-905
99-905
99-905
I9U7-JMI.
2,
Jan. 9.
Jan. 16.,
Jan. 23.,
Jan. 30..
99-905
99-905
99-905
99-905
99.905
feb
99-905
99-905
99-905
99-905
6
Feb. 13.
Feb. 20.
Public Bobt Serrtc
See Aantal Bfiperte
for ba£k flffuree.
0.36t
e.36>»
0.361*
0.360
99-905
99-905
99-905
99-905
99-906
Jon. 27.
Jiuia 20.
99-90*
99- 901
99. 908
99-908
99-90"'
1/
p
y
Bank
Kicept »100 thoueaad at 99.925.
Bxeept »500 thousand at 99-930.
Treasury Bulleiin
Sales and Redemptions of United States Savings Bonds
United States savlngB bonds were first offered for
sale
In
March 1935.
Bonds of series A-D were sold
between March 1935 and April ig"*!. Series
bonds have been on sale elnoe May 1, 19*^1
E,
F,
subscribers except commercial banks.
however, were permitted
certain periods
and
and
to
with
details concerning these
Commercial banks,
purchase these bonds during
certain restrictions.
For
periods
and
restrictions see
"Treasury Bulletin"
Series A-E bonds
10-year discount
are
bonds
sold
note
for December 1944,
page 36, footand "Treasury Bulletin" for February 1946, page
footnote 9, and page A-22.
For details concerning
9,
at 7<i% of maturity value,
and yield 2.90)f per annum If
held to maturity. Series F bonds are 12-year discount
bonds sold at 7k% of maturity value, and yield 2.3'}%
bonds are 12Series
per annum If held to maturity.
37.
year current Income bonds, sold at par, bearing Interest at 2-l/2t per annum, and redeemable at par at maturity or at stated prloes leas than par before maturity.
Series A bonds matured In I945, and series B bonds
Series C bonds began to mature In January
Matured bonds turned In for redemption are In1947.
cluded In the figures on redemptions.
Matured bonds
Purchases
of
aeries A-D
$7,500 issue price In
bonds were avsllabl
April
1,
any
were
bonds
one
all
limited to
calendar year.
subscribers
These
prior
to
1940, and to Individuals only after that date.
Purchases of series E bonds are limited to $3.75° Issue
price In any one calendar year, and may be made only by
Individuals (defined
limit
for
price
In
year iglH
any
).
as
persons
natural
series F and G combined
one
only).
The
1100,000 Issue
calendar year (50,000 In calendar
Series F and
Table 1.-
Unltsd Stat.t
aavlngB tondi
Is
bonds
are
available to all
Investment yields, and redemption values see
"Treasury Bulletin" for October I945, pages A-4 andA-5.
features,
In 1946.
outstanding are
reflected In the Interest-bearing debt
until
of
all
bonds
the series have matured,
when they
are transferred to matured debt upon which Interest has
accordance with
Treasury Statement.
ceased,
In
In
the
the
practice of
following tables
the Dally
sales figures are quoted
and redemptions and amounts outstanding
at current redemption values.
Amounts of series
outat Issue price,
standing are quoted at par.
of Sales and Redemptions, by Series, as of February 28, 1947
April
1947
Redemption* of United States Savings Bonds
-
(Continued)
Table 2.- History of Seles and Redemtlons
Pareent of
•ontUj
radafliptloas
(Ib
Total,
Uctpttu
to rob. 88, 19>>7.
rlsoAl yooro;
W5-19110
3,1K>
l,U92
19U2
5,»91*
19"»3
U,7«»
19Wi
19^5
19H6
1J,U9«
1»,«91
9,Sl2
GmlOQdar yoori:
1955-1 9'«)
l<)ki.'...
'.'.'...'..
9,15T
I9>ti
19UU
13^5
igue
illouu
12,93T
Monthai
19U6-IobniK7-.
£22
6?6
i^rll
Sit
59U
571
MV
Jnly
753
590
ii9U
October. ..
loTombor..
519
Doeabor..
576
I9't7-Jannai7...
''53
3,215
mini
at tellari)
Treasury Bulletin
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- History of Sales and Redemptions - (Continued)
Period
April 1947
Sales and RedemptlonB of United States Savings Bonds - (Continued)
Table 2.- History of Sales and Redemtlons
-
(Continued)
onthlj-
Feb.
28.
191*7.
igui
19U2
ms
19'»'»
laits
i<ik(,
lecdar years:
I9»tl
ISi*?
I9't3
19UI4
1.569
2.278
2.793
2.969
19^5
igitfi
19'»<>-rebruary.
March....
April....
2.87't
May
2.883
2.895
July
2.91't
2.925
2.932
2.9t5
2.952
2.969
December.
19''7-JaJiuary.
1.
Inception to ieb. 28. I9U7.
fiscal years:
19''1
395
19'»2
2.032
2.759
2.876
2.658
2.U65
19''3
191*
19''5
19116
Calendar years:
191*2
1.185
2.516
191*3
2.61*0
I9UU
2.891
2,520
2.637
191<1
191*5
191*6
19i*6-February.
.
March
*prll
May
?i
July
October...
Noveaber..
19'*7-January.
.
.
February.
Daily Treasury StateBent
Not itvallable.
BeTlaed.
2.032
Treasury Bulletin
Sales and Redemptions of United States Savings Bonds
Table 3.- Sales by Series, Classified by Denomlr
Period
(Continued)
it
Ions
April
1947
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 4.- Number of Pieces Sold, Classified by Denominations
(Tbonsandi of
Inception through
ebruary 28, 19U7
Total
pUeet
aoliS)
.
097,878
19,U26
768,197
159,856
120,797
1,870
l'«,955
12,775
c«l years:
767
1,905
55,967
215,709
305,986
303,116
165,039
ig"*!
19'<2
I9U3
19ltU
19lt5
19116
552
10,837
22,851
32,832
159,369
125
221, 28U
209, U80
U3,800
3U,iiii7
1,698
2,6s6
3,725
''5,995
112.071
2U,27U
32,083
1U,693
2^065
6,077
2,1(85
3,Ui46
18,999
37,060
17,8ll2
Calendar years:
I9UI
13,219
135,227
270,068
320,527
253,078
93,502
19'l2
19111
I'ihk
19U5
I9U6
9'', 35''
3,582
198,333
226,213
172, gte
62.769
''7,915
37,773
13.757
28,915
36,077
2U,55U
612
2,282
3,3l«
3,856
8.1192
the:
iqU6- February
March
6,itoU
6,2U6
J^rll
Hay
9,238
7,730
6,8i«
6,222
July
Auguot
September
7,2l6
6,«U7
6,033
'•,756
October
NoTember
December
6,227
u.ogit
5,'»7l
3,593
3.879
6,ioU
I'Mi
572
3.997
I*,
III
U,129
3,37U
19147-January
February
Inception through
February 28, 19U7
otal
,
19111°..''.
19I12
300
I9U3
19UU
3,251
3,869
3,326
2,323
19115
19U6
19111
901
19112
2,902
19l»3
3,62ii
19I1I1
3,821
2.807
19lt5
19H6 r
19U6-?ebruary
March
April
May
July
September
October r
Hovember
Oeceiber
l9U7-January
February
1,U25
1,156
6U9
l,''93
1,975
2,730
2,800
2,121
Treasury Bulletin
Salee and Redemptions of United States Savings Bonds
-
(Continued)
Table 5.- Sales of Series E Savings Bonds, Classified by States
(In thouaandB
through
Faliruary 28,
IS')?
532, "t 76
161, 3U6
California.
Colorado ....
Connecticut.
3,658
1,239
2,351
3,586
1,227
2,291
3,327
1,006
2,015
3,558
1,323
2,197
3,458
1,224
2,217
3,536
288,981
3,628,036
29,627
25,199
2,958
5,089
28,lt9l»
29,542
3,161
5,084
26,581
3,207
4,557
765
6,265
4,470
854
6,206
3,607
803
6,356
4,133
4,495
940
30,891
4,010
720
29,193
4,145
952
28,046
4,023
997
27,395
8,771
8,364
8,701
10,420
5,229
9,164
13,215
3,246
3,302
1,216
3,677
3,136
1,324
3i»7,956
3,1.87
28,750
3,361
831,155
5,951
5,651*
107,'' 39
3,333
5,059
Dlst. of Columbia.
549,988
1,019
8,693
835
6,122
961
6,979
Florida
55'',630
l.,997
l*,505
l*,856
Georgia.
Idaho
Illinois.
563, Ws
'1,077
11.5,625
868
3,263,827
29,1*63
1,188,727
9,726
1,021, 61tO
7,781.
631,997
7,707
U82,88o
510,183
201,917
9,888
9,750
8,706
8,803
9,313
9,222
5,1*77
l*,737
4,81.5
i.,1.92
U,095
1.,316
l*,0l*O
3,782
3,662
1,1.25
1,367
1,381*
9,998
10,231
9,585
59'',703
l.,71l.
l.,1.91
hlgan.
1,508,788
2,393,238
12,878
11., 810
13,358
15,618
9'tll,321
7,235
2,150
10,050
2,1.01
2,351
1,116,51.8
10,Ut1.
10,271.
216,291
1,716
1.93,776
5'<,687
1,588
4,608
383
404
311,^78
7,721
5,012
11,123
15,350
7,501.
129,015
1*5,1.39
.,781.
1.6,233
5,1.76
1*3,972
597,908
5,101
1*0,701
'*,338
221,011.
1,729
1,509
1,51.6
1,1.91*
22,562
23,1*31.
21,1*23
21,706
'.,251
U,639
3,387
3,771.
l*,096
3,117
3,136
Oregon
3,651
PennsylTanla.
Rhode Island.
South Carolln
outh Dakota.
208,291.
55't,292
1,790,1.77
Utah
Vermont
Virginia
199,751.
Alaska
Canal Zona
Hawai
Adjustment to
Daily Treasury
Statement
27,1*1*6
1,901
2,378
2,'098
2,222
2,161.
2,1.61*
'.,306
13,391*
I*,0lt2
12.709
3,898
12,379
1,709
1,1.36
1,281.
71., 301.
566
6,283
606
6,717
6,361*
911,01.6
381,1.13
6,657
3,563
8,159
8,531
5,727
3,075
7,636
781.
691*
502
91,530
Puerto Rico
Virgin Islands
Other possessions.
30,311.
785,282
991.,
Wyoming.
7,125
2,090
9,855
5,1.69,71.1
Ohio.
5,850
3,81.3
3,654
3,324
1,358
4,338
10,578
14,217
913
11,771
836
1,61.9,661
105,11.8
3,383
1,155
2,179
536
7,343
8,072
2,245
io|oi*i
1,078
12,983
785
797
5,919
4,437
8.658
1,907
9,326
7,087
2,100
9,008
2,0'
11,097
2,270
5,805
345
945
13,166
846
35,557
4,926
1,741
23,224
4,345
3,275
39,064
4,768
2,423
33,932
4,514
2,570
28,440
1,635
2,304
2,534
3,941
12,476
1,493
635
6,398
24,776
1,617
2,379
26,203
1,526
2,247
2,445
3,313
2,568
3,666
11,911
2,315
3,768
10,660
1,193
528
5,376
1,073
469
5,513
1,250
609
8,105
5,497
3,359
8,207
6,049
4,799
8,716
5,361
3,226
9,128
733
5,520
3,751
7.974
U,069
268
1.077
1,061.
-227
-17,192
371,271*
*-6,335
-35,436
803
321,069
31*1*,
25,358
46,972
5,515
2,ao4
20,125
6,379
3,352
18,603
4,596
3,149
36,190
1,799
366,977
6,1.27
8,818
7,548
1,892
9,127
1,483
5,782
346
29,351.
27,721.
255,1.60
Dally TreaBury Statement and reports of Federal Reserve Banks.
3,554
1,156
2,420
3,583
9,299
13,030
43,376
4,652
1,904
1,754
491
6,561
3,032
1,050
1,905
26,586
3,594
5,034
8,346
8,454
4,970
9,705
10,089
5,804
4,059
3,490
1,267
Maryland.
3,354
1,028
2.118
+9,361
-8,412
326,794
293,901
3,670
4,089
13,378
April 1947
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 6.- Sales of Series F and G Savings Bonds Combined, Classified by States 1/
(la thoasandi of dollars)
To til,
iQCOptlOO
throu^
r«bra*r/ 2$
19kl
137, ZSH
1.633
36U
33.871
2.770
1*09
1*2,
760
1.098
16,232
1.883
6,911
16.509
2.198
5.308
69,379
1.607
158,llta
2.1*1*2
200,858
3.158
175,1^
961
1.107
16.722
2.221
25.51*7
16.767
12.876
3.229
88
1*,052
5.1*50
''.937
1».020
2.699
8S9
2.893
U.U65
1.137
2.563
2.850
U95
1.718
2.935
2.710
705
22.613
2.1*35
2.1*89
859
20.078
27.1*31
U.105
7.086
8.937
3.876
6.030
7.158
3.061
181,990
110,718
S.OlU
1.981
1.8U3
3.331
2.635
1.206
270,279
903,312
531,063
3.1*09
17.079
6.733
U.680
17.912
368,251
95,599
•97,095
5.371
1.100
6.8O5
59,877
188,810
580
2.900
3.1*1*2
18,1101
76
316
ln,3gii
1,1103,158
19.851
5.378
5,73"*
225,6114
3,006,985
210,763
71,71*1
5.71*1
i*,370
5.'*75
19.858
8.770
8.675
1.978
10.372
5.971*
5.571*
1.083
7.301
1.158
5.200
1.360
7.711
7.1*69
1.783
1.717
1.767
25.58"*
27.1*59
35.803
ll»3,33't
2.1*1*0
2.057
992
l.U61t
2.322
1.786
2.11*8
99,002
60,030
182,855
500,270
82U
1.692
5.131
916
2.301
6.U25
971
1.263
2.66U
5.306
38,297
338
311*
1*1,312
21*8,971
51*0
2.533
563
2.199
3.503
1.260
5.962
30,385
31*7
2.162
2.059
603
15.091
16.037
5.961*
5.359
6.387
2.595
6.289
5.830
8.838
3.109
2.916
5.198
2.617
5.11*8
7.01*6
7.OOI*
1.727
1.1*1*3
5.615
1.052
6.795
759
53"*
381*
9.11*6
5.612
969
'in
1.737
i-Mi
91*6
20.095
3.0H2
1.668
23.515
2.052
2.316
ll*,U29
27.321
2.727
1.722
33.133
5.550
2.183
1.51"*
1.169
3.691
6,918
3.025
7.151
1.817
1.831*
2.820
1.368
7.003
791*
8.125
2.865
1.552
8.535
609
5.235
330
27.701*
261863
689
6.176
396
2.567
1.335
27.582
2.912
1.031
11.730
3.320
I.809
10.682
1.775
82.893
5.168
2.321
2.211
1:1'^
15.557
15.832
821*
16.519
1.033
3'*.970
3.'*75
1.160
1.236
1.231*
l.ggU
999
1.521
2.262
5.288
10.352
883
l.g6U
2.11*5
1.271
1.6X8
6.1*56
5.209
't.979
1*03
3.581
12.023
15.722
6.311
11.287
2.313
13.517
'*.733
36.236
3.276
15.581*
2.711*
9.91*5
U13
1.660
2.355
2.501*
3.591
12.175
7.339
560
15.39"*
31.059
3.501
1.698
6.379
U72
ig.its"*
1*59,292
3.051*
1.967
13.860
1.750
2.260
936
2.830
850
1.631*
5.305
5.169
12.637
2.329
2.530
2.578
1.727
861
2,111*
20,107
b.Ugl
,1180,508
9lt,S2U
5.536
2.912
1*6. 561*
13.890
252,897
6.190
6.201
2.131
8.839
7.135
3.673
5.281
2.791
1.527
1.570
7.562
285
76,383
579,883
35,235
2.003
1*32
7.031
2.529
1.670
587
1.157
1.893
3.713
21*7
1*1*3
271
3.303
270
3.055
«2.1*01
5.617
l*.g9li
2.67U
i.ua
2.U51
1.121
1.1*65
3.653
2.237
6.970
2.306
9.161
7.583
5.1*67
5.709
5.91I*
13.1*26
516
l»U5
3.039
3.291
1,066
5,339
6,378
56,901
13,597
ce:
•
1/
•I-8.911*
ll*,283
i.599
-19.310
3'*. 963
+8.088
255.1*27
255.097
279.952
21*9.51*0
366.510
21*2.7'*'*
reports froa hderal Baaerre Baaki.
Oally Trsaaarr Statenent
than »500.
State fignrea aicluda lalai of Sariaa r and « tenda
baska
Conaerclal banjca were pemltted to parohaae Seriea J and
bonde under certain oondltlona daring the oalendar jear 19ltU
.
Le'B.
.
185. 265
192.577
158.81*5
985
-53.056
206.696
1*16,902
(•freaanry Bulletin* for Seoeaber l?"*"*, pa«« 36, footnote 9): fro»
Jnna 18 throng June 30, I9U5 ( "Ireaanrx Bnlletln' for Jebmary 19I16,
page 37, footnote 9): and fron Docenber 3 throng Deoenber 8, 191*5
(treaanry Bnlletln" for Tabrnary 191*6, pa«< 1-22).
Treasury Bulletin
Sales and [Ademptions of United States Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
redemption values)
(In thouaandfl of dollars
Total
Oct. 19UI1Feb. I9U7
Alabama
173,358
59,6U3
93, 640
8,532
2,698
4,300
California
Colorado
Connecticut
7,927
3,008
It, 305
55,872
5,532
9,625
29, It 90
1,181
1U3,991.
5,ltl3
8,65l»
Delaware
District of Columbia
Florida
206, SOU
Georgia
Idaho
Illinois...
179, U90
38,262
955,603
Indiana
379,6''9
15,155
223,090
U,8ll
151,it3lt
6,1*27
Kenti
Louisiana.
Maine
Maryland.,
7,506
7,11*1
6,759
l*,l*80
7,506
7,1*65
6,211*
1,867
38,296
1,591*
35,391
1,376
35,892
3l*,530
13,1*28
12,653
9,525
6,619
8,1*90
12,188
8,011
6,078
1*,171
7,369
15,366
31,513
557
27,307
11,812
3,505
15,853
11,370
3,312
13,127
2,81*7
l*,925
2,362
i»,9n
2,117
1*,1*56
2,062
3,555
772
76I*
1*85
638
1,227
II*, 821
1,313
13,596
II*, 1*38
1,1*97
911*
1.1*02
ll»,835
17,256
1,916
6,102
838
'•29,171
1,113
17,162
1,338
19,231
35,359
1,61*U
1,871*
,,2U0,768
52,211
7,053
927
36,258
7,721*
8,1*86
7,530
8,329
35,886
51,015
2,776
3,180
1*,123
South Dakota...
Tennessee
1,207
7,262
1,901
8,021
29,998
26.1.66
18,787
1,572
Ml
6,681
12,597
27,839
12,931*
30,276
7,152
7,1*29
10,728
7,796
5,050
5,035
5,397
1,913
23,505
11,581*
5,611*
11,125
1,11*1*
U,ll»3
361
6a,879
17,199
2,1*1*2
10,1*93
7,389
5,280
1*,221
l*,317
1,693
5,130
lt,59l*
1,91*3
7,11*8
l*,952
6,016
13,321*
11,862
111,232
21*, 731*
23,555
20,01.5
22,202
9,176
2,722
8,755
2,893
12,1*21*
13,121*
9,228
2,967
11,160
7,819
2,675
10,360
1,750
3,328
1*65
1,198
1,295
10,153
1,262
1*7,1*01*
25,359
I*, 378
1,277
1,091*
1,311*
15,371*
15,186
1,008
1,1*69
1*8,597
1*7,698
I*,
9m
1*61*9
1,231
1,168
5,757
1,059
29,087
6,38a
25,313
21,809
2l*,l63
6,01*9
5,61*7
l*,650
1*,893
35,883
2,315
33,257
32,1*32
31*, 1.86
2,01*6
2,185
2,723
2,316
2,061
2,61*3
2,699
1,1*18
1,1*07
6,931*
5,595
15,310
18,933
10,955
5,758
10,729
1,098
2,1*25
1,132
1*,776
650
8,51.3
2,070
658
5,518
9,273
i*,010
1,367
27,878
1,967
16,623
2,11*3
673
6,651
12,211
6,277
10,591
6,038
32; 183
5,31*8
1,697
2,971*
5,327
1,150
27,911
12,583
6,1*95
22,91*6
15,976
255,5'»7
11,032
8,255
7,030
5,702
1,307
6,131*
2,1*03
120,219
31,91*3
12,139
22,966
6,51*3
36,386
2,315
220,701*
Alaska
Canal Zone
Hawaii
Puerto Rico. . .
Virgin Islands.
Other poeeesslc
6,155
13,621
26,900
10,272
2,535
6l,9''7
26i»,62i<
l*,922
6,381*
1,1*88
3l*,057
6,001*
32,lUlt
2,181*
6,578
11*,
39,201*
Pennsylvania...
Rhode Island...
South Carolina.
Washington
West Virginia..
Wisconsin
1,516
1,762
12,21*1*
l.,l*31
3,020
1,023
5,368
l*,73l*
It,
2,171*
7,1*31*
5,91*3
7,378
2,036
3,238
1,160
I*,
890
7,109
2,160
New Hampshire..
New Jersey
New Mexico
Utah
Vermont
Virginia
7,336
6,231
2,259
32!63l*
Slt.ll*?
1*0,927
i*,8l8
6,209
1,673
7,237
135
817,191
170,062
181,181
1*2,836
3,961*
36,112
l*,357
3,129
5,11*5
'<7,50li
.
37,698
5,61*1*
2,01*1
5,335
111,950
18,233
Ohio
Oklahoma
Oregon
9,1*1*0
5,853
1,911
3,320
6,1*99
5,91*0
168,1»50
1*8,865
'',596
8,601*
i*,889
5,368
2,201
3,206
S.Sll*
Nebraska
Nevada
New York
North Carolina.
North Dakota.
52,193
5,137
792
10,785
8,257
ll>,W3
30,106
32,U08
3,299
11*,
371,9711
257,919
82,602
351,870
6,316
2,1*67
3,997
1,329
5,368
10,206
168,387
798,109
slSBlppl...,
7,163
2,591*
9,195
3,731*
8,521*
631*
785
5,580
5,000
33,859
2,136
2,506
1,151
5,157
19,271
2,059
580
6,772
7,653
3,606
7,592
316
303
179
362
2,633
677
2,1*59
931
5
tl8,232
,8i>8,911
520,765
580,852
576,531
Dally Treaaury Statement and reports from Federal Reserve Banks
It should bo noted that State figures presented In this table a:
not necessarily compeirable with sales data by States Inasmuch a;
bonds which have been purchased In one State may have b
1*66,861*
30,830
-163
8u
1*27,263
1*78,
18,687
current redemption
issue price. Data
to October 191*1*.
i
figures shown iil this table are ba
whereas the sales figures are show
nptions by States are not available
April 1947
Sales and Redemptions of Treasury Savings Notes
notes
Treasury savlnga
ries,
series A
194?,
series B
12,
19'+?,
and
were
Issued
from August 1, 19^1
three
In
through
All of series A
sale since September ih, 1942.
and some of series C notes have matured.
Series C
value
each
notes
are
sold
at
par,
and
maturity (3 years
from date
of
Issue).
and
accrue
month, yielding I.0756 per annum
may be used In payment
after Issue, or may be
6 months after Issue.
Investment yields, and
B
In
held to
If
These
notes
of taxes any time after 2 months
redeemed for cash any time after
Tor details concerning features.
tax payment or redemption values,
see "Treasury Bulletin" for October 19'+5.
A-5.
se-
June 22,
from August 1, 19'H through September
series C whloh have been on continuous
For details concerning the features
pages
of
A-"*-
and
and B notes, see "Annual Report of the Secretary of the
Treasury" for 1914-2, pages 20? and 220.
In the following tables sales and redemptions of
Treasury savings notes are shown at par value.
Matured
notes turned In for redemption (either for cash or for
tax payment)
are Included In the figures on redemptions.
Matured notes outstanding are reflected In the
Interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
In accordance with the
practice of the Dally Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
"Treasury Bulletin" for February 1914-6,
and months, see
pa^es 1*2 and 14-3.
series A
Table 1.- Summary of Sales and Redemptions, by Series, as of February 28, 1947
(In
mllllou of dollarl)
Treasury Bulletin
Sales and Redemptions of Treasury Savings ^^ote8
-
(Continued)
Table 3.- Sales of Series C, Classified by Denominations
(In
nacal 78ar
or month
minions of dollars)
April 1947
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
2/
Treasury Bulletin
OWNERSHIP
OF
GOVERNMENT
SECURITIES
April 1947
Summary Distribution by ClasseB of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
Securities leeued by United States QoTamment
Securities guaranteed by United Statee 1/
Istrlbutloii by elaasea
S. OoTenuBent
a^enclee and
trust funds
Private
InTeatore
U.
Total
trust funds and
Federal Beserra
2/
Private
investor
standing
35.800
36,576
39,886
U2,376
July.
Aug..
Sept.
'*8,387
5,605
6,803
8,225
1,693
1,791
1,835
Public
Public
Public
marketable
arketaU
marketabl)
2,526
2,561*
29,5''5
2,551
31,730
33,115
37,982
'!,775
2,1*58
6,120
2,180
U,302
30,023
2:^76
3,770
1,556
29.579
29,950
3:i§
5,1*98
33,1*28
",55'*
6,360
13,507
29,193
1*1*. 8U5
56,209
56,1U3
1,516
71,968
135,380
lit, 091
199,5't3
18,920
256,357
2U,93i»
268, lU
29,121
U,623
6,105
6,759
7,885
10,871
lit, 287
18,812
22,332
lU,g99
21,792
23,7«3
58,988
llU,lln
165,725
209,630
215,206
272,711
271, WK)
268,111
28,261
28,520
29,121
7,007
7,009
6,759
21,22U
21,U81
22,332
22.732
22,932
23,783
221,718
219,988
215,206
165.3'»0
163. 5t6
159, 06U
56;i*U2
6,627
23,045
23,W»3
23,633
23,85it
2l*,0lt9
213, 70U
212,359
209.799
157,336
155.829
153. 809
56,368
56,530
55,990
2ll,015
2U,25ll
2lt,585
23,518
208,1*71
56,01*6
23,9'tit
206,380
203,386
56,307
10,3140
267,039
266,359
26lt,217
262, U15
260,925
257,61*9
30,U26
30,600
30,913
6,375
6,310
6,293
(1) Dally Treasury Statement for total amounts outetandln^;
(2) reports of agencies and trust funds for securities held
U. S. Government agencies and trust funds; and (3) Pfederal
Reserve System for securities held by Federal Reserve Banki
Preliminary.
Less than t^OO thousand.
Ixcludee obligations held by the Treasury and mattired secnr
7,11*9
23,91*6
23,350
Z/
2^/
5,i6U
5,212
6,OS5
5,1*50
\]l
3.73s
1,186
1*09
I167
56,11.3
56,1*16
The total amount of securities held by private Investors 1
lated by deducting from the total amount of securities out
the securities held by D. S. Government agencies and trust
and by federal Reserve Banks.
Consists of Commodity Credit Corporation demand obligation
as of the close of the previous month. In accordance with
Treasury Statement.
Ireasury Bulletin
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par Taluea 1/ - In blllloas of dollars)
Hald
l>7
Total
Other
Stato and
local
outfltani
In* 2/
1939- Dae embor.
19M0-June
Docombor.
19Ul-Jiin
19U2-Juno
n
19lt3-March.
. .
igUU-March
September
118.6
139.5
161.0
i6«.7
52.2
26.5
30.3
58.3
59.9
37-1
6U.0
185.6
201.1
209-3
68.
70.5
77.7
S30.it
191*5- March
I9U6- January..
February.
April
19.7
21.8
23-3
2U.3
105-9
107-3
llU.g
September
December.
278.0
278.5
275.3
May
273-2
272.0
268.6
July
Auguet...
September
267.U
266.7
26U.6
Oct
No»
262.8
261.3
258.0
IU.9
16.7
18.8
109 -U
117.7
U2.2
16.
U5-1
122.2
1*7.8
133 -8
52.2
17.3
18.3
19.6
135-7
150.8
152.9
9.6
10.0
10.7
25.8
29.9
28.8
29.3
22.9
2U.9
26.6
27.0
63-5
2U.7
%!
21*.
63-1
25.0
25.2
25.3
26-8
26.6
25.6
161.0
161.5
161.0
62.9
62.9
62.T
25.U
25.U
25.1
25.1
2U.5
160.
62.8
25.1*
30.1*
160.9
160.9
63.1
63-3
25-3
25.3
30.6
30.9
89.3
87.7
8U-1
23-5
23.9
23-3
27.7
28.0
28.2
25.0
25.
61*.
Preliminary.
st
U/
ConslstB of commercial banks,
banJcfl in the United Statea and
16.9
23-3
^/
y
15.
22.9
22.6
191t7-January p
p
13.1
1U.3
15.5
20.7
20.0
31^-7
6/
Includea partnershlpe and pen
Includei eavlags and loaii atso'
InvettniBntB of foreign balance'
Comprises trust, sinking, and
ernoents and their agencies, a
department
dealers and
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In mllllona of doll&rt)
and local gov
^
April
1947
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, January 31, 1947
The tables In 3eotlon I present summary data as of
January 3I, l^k-J from the Treasury Survey of Ownership
Of Securities Issued or Guaranteed by the United
The bonks and Insurance oompanlea covered In
States.
the survey aooount for approximately 95 percent of the
amount
of
such
owned
securities
Section
I
-
by
all
banks and
Insurance oompanles in the United States.
Section II presents summary data on
Bank
debentures
and
Federal
Horns
Loan Bank bonds and
notes.
Securities Issued or Guaranteed by the United States Govemmeni
Table 1.- Suranary: All Interest-Bearing Securities
(In mlllioiu of dollora)
ClaBelflcatlon
the ownership
of Federal Land Bank bonds. Federal Intermediate Credit
Treasury Bulletin
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, January 31, 1947 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 2.- Public Marketable Interest-Bearing Securities - (Continued)
PART A
-
ANALYSIS OF OWNERSHIP BI TYPES OF SEOURITY, BY
ANC BY TAX STATUS-(Contlnue<l)
April
1947
Treasury Survey of Ovmership of Securities Issued by the United States
Government and by Federal Agencies, January 31, 1947 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO
(Par Taluee - In mlllionB of dollars)
leeue
(Tax etatus 6/ le ahovn In parentheses)
-
-
(Continued)
(Continued)
Treasury Bulletin
Treasury Survey oi' Ovmershlp of Securities Issued by the United States
Gbvernment and by Federal Agencies, January 31, 1947 - (Continiwd)
Section
I
-
Securities Issued or Guaranteed by the United States
Table 2.- Public Marketable Interest-Bearing Securities
PARI B
-
Govemmnt
-
DISTRIBUTION OT OVTNiaiSHIP FOR lAOH ISSUE OUTSTAMDINO- (Continued)
(Par Taluea - in mllllona of dollare)
Is eve
(Tax etatua 6/ la ahovn In parentkeaea)
-
(Continued)
(Continued)
April
1947
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, January 31, 1947 - (Continued)
-
Securities Issued or Guaranteed by the United States Government
-
(O
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par values - In millions of dollars)
covered In Treaeurj Survey
7,338
1/ le shovn in parentheena
and Federal
tanks
States savings bonds
Series C-D
Series E
Series F
Series G
tftilted
^
(6/)
(taxable)
(taxable)
( taxable
3,100
30,507
3,013
13,7S3
(taxable)
(taxable)
(taxable)
5,590
351
873
2,931
30,506
2,73l»
12,b57
Total United States savings bonds.
Treasury aavlnge notes
Depositary bonds
Anaec! Forces Leave bonds
57,37lt
*
1/
2/
3/
^
2/
12
^271
Less than 5500 thousand
See footnote 6, page 52.
Securities held In trust departanents are excluded.
Includes trufit conrpanles.
This column Includes securities held by those banks and insurance
companies which are not covered in the Ireaeury Survey. See headUnited States savings bonds, Series C-D, E, and F are shovn at cur
6/
7/
8/
280
_132_
230
Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par values
Issue
(Tax statua 1/ le shown in parentheses)
- in
36
55.196
rent redemption values. They were reported at maturity value by the
banks and Insurance conipanlee covered in the Treasury Survey but have
been adjusted to current redemption values for use in this statement.
Series 0-D savings bends sold prior to March 1, igW are partially
tax-exempt; those sold on and after that date are taxable
Guaranteed securities held by the Treeaury are not included.
C.C.C. demand obligations in the amount of $217 million held by
shown only in total amount outatanding.
all
mllllonB of dollars)
Treasury Bulletin
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
April 1947
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
February 28, 1947
Table I,- Securities Issued or Guaranteed by the United States Government i/
PART A
-
TAXABLE BONDS, N0TE3, AND CERTIFICATES
igUfi-igU? pries range ?/
(Prlca decimals are
^
- 3/15/l«i-50
- 6/15/W
1-3/U*
101.03
100.31
102.63
102.08
102.13
3/15/1*1
- 9/l5/''9-51
-12/15/1*9-51
V15/5&-52
102. lU
-
?*
-
6/15/U9-51
-12/15/50
- 9/15/51-53
-12/15/51-55
2*
2*
105.06
102.31
IOU.O3
103.01
6/15/52-5"
6/15/52-55
12/15/52-5U
3/15/5&-58
2-1/U*
2*
1/2*
2/25/111
12/23/1*2
8/5/U2
10/6/U2
?/5/U2
3/2/1*6
10/19/U2
U/15/U3
3/11/U6
11/2/U2
3/11/U6
3/11 /U6
6/1 /U5
9/15/i'3
3/11/U6
3/11/U6
3/lV'>6
5/3/1*3 IOU.07
12/3/1*6 102.15
3/11/1*6
3/11/1*6
3/11/1.6
3/11/1*6
101.05
102.27
103.03
12/15/Ul
105.07
103.00
lOU.OU
103.02
107.10
6/26/UU
2/25/U2
12/1/UU
6/2/Ul
1/u*
- 6/15/59-62
102.17
-12/15/59-62
102.17
- 6/15/62-67 U/ 105.10
10U.29
•'
2.1/2*10U.17
'^
-i2/i5/6lt-69 kj lOlt.lU
- 3/15/65-70
5/ lOU.U
- 3/15/66-71 U/ 10U.C9
1/2*
1/2*
1/2*
•72
7/e*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
7/8<
7/8*
103.02
-12/15/67. 725/
2-1/2*
-1/U*
-1/2*
-1/U*
-1/2*
V
3A.
CA-
c
D
E
f
G
E
10U.27
106.08
105.00
110.22
3/11/U6
2/18/U6
2/9/U6
3/ll/lt6
2/8/U6
12/5/1*2 10U.26
3/20 /Ul 107.11*
7/2U/UU 101*. 27
2/18/U2 106. 08
12/19/Ul* 105.00
12/26/Ul 110.22
;
:
3/U/1.6
2/1S/U6
2/9/1.6
3/11/1*6
2/8/1.6
:
:
:
U/6/U6
9/12/1.5
U/6/1.6 100.30
U/6/li6
12/11/U5
U/6/1.6
8/17/1*2
U/6/U6
2/17/1*1*
lt/15/"3
107.25
U/6/1j6
3/2/l.U
U/6/U6 100.30
U/6/U6 103. 2U
U/6/U6
U/6/U6
107.23
107.22
106.16
106.16
U;6/U6
3/2/Ul*
U/6/U6 100.00 2/l6/Ult
U/6/U6 100.06 12/19/1*U
i*/6/u6 100.21
9/21* /I.5
U/6/U6
12/11/U5
9/15/'<3
2/1 />tU
12/1/Uli
6/1 /U5
U/15/U5
6/26/Ul.
12/1 /UU
3/15/'4U
7/12/U3
3/I/U7 8/
Vl/''7
3/1/U6
U/1/U6
6/1 /U7
7/1 /U7
6/1 /U6
7/1/1*6
8/1 /U6
100.20
101.06
100.23
101.22
3/2/li6
2/18/U7
l?/?/ii6
12/2/1*6
L'/-/i.6
12/3/U6
12/3/U6
12/2/U6
12/2/U6
12/2/U6
12/2/U6
12/2/U6
12/2/K
12/2/U6
2/18/1*7
2/8/^47
2/28/1*7
9/'0/U6
2/28 /U7
2/28 /U7
2/20/U7
2/6/U7
2/6/U7
2/5/U7
12/2l*/l*6
12/31/U6
2/19/U7
2/28/1*7
1/2/U6
1/2/U6
1/3/U6
2/17/1.7
12/12/1*6
12/10/1*6
1/2A6
;
3/1/1*6 100. loi 2/27/U7
2/16/U6 100. 06i 2/28/U7
3/2/1*6 100.23il2/12/U6
12/12/U6
2/6/1*7
1/2 /U6
1/2 /U6
1/2 /U6
2/18/U6
2/27/1*7
11/18/1*6
2/6/1*7
2/5/l'7
1/2/U6
1/2/U6
1/3/1.6
2/28 /U7
2/28/1*7
following page)
12/3/U6
12/2/U6
u)6/i.6
2/8 /U7
2/.'0/l*7
1/1/U7
U/6/U6
U/6/U6
U/6/U6
2/26/1*7
?/Pg/li7
n/1/1.6
9/1 /U6
10/1 /116
1./6/U6
107.23
107.22
106.16
106.16
100.17
101.02
100.23
101.22
3/5/>'5
3/5/'»5
2/i6/it6
12/1 /U6
/ii?
:
108. 03
100.06 100.07
100. 25i ioo.26i
9/1
:
10U.20
IOU.21
108.12
.85*,
.95*,
100. lOi 100. ui
10/1/I17
;
5/5/'t2
6/1 /U5
i/i5/i'5
12/1/U7
A1/1/U«
t-
2/28/1.7
:
107.16
ll/l/''7
J
V2/U6
12/1 /U2
3/15/U7 6/
9/15/"7
8/1/U7
10U.26
3/2/1*6
3/7/1*6
n/8/U3 10U.18
107.16
9/15/''7
9/15/US
10U.05
102.02
103.22
103.28
107. lU
105.15
i/u*
2-1/2*
3/U/U6
8/2/Ul
3/2/U6
3/7/U6
3/2/U6
3/2/U6
12/1/U2
1/15/U2
5/15/'t2
7/15/''2
- q/15/50-52
1/?*
(Prlce-ilecliiialf are
2/-g/U7
2/27/U7
11/18/U6
12/12/U6
12/12/U6
9/30/U6
12/21* /U6
12/-'0/U6
12/'1/1*6
2/iq/U7
2/28/U7
.4prjJ
1947
Over-the-Counter Closing QuotatlonB on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
February 28, 1947 - (Continued)
Table II
toount
out>t>n(Uii«
(Mil-
11»m)
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
Treasury Bulletin
YIELDS OF TREASURY SECURITIES
FEB. 28, 1947
Based on Mean of Closing Bid and Asked Quotations
April 1947
Average Yields of Long-Term Treasury and (Corporate Bonds
Treasury Bulletin
1^
April
61
1947
CORPORATIONS
OF
THE
AND
UNITED
CERTAIN OTHER AGENCIES
STATES GOVERNMENT
Treasury Bulletin
Corporations and Certain Other Agencies of the United States Government
auarterly
data
relating to
corporations In which
the United States has a proprietary interest,
Indirect,
and certain other agencies
three sections.
bilities,
expense;
Section
I
are
published In
contains data on assets, lia-
section II, data on Income and
and capital;
and section III, data on sources and applica-
Section
I
-
tion of funds.
direct or
The tables
month
"Dally
In
section I are eomplled from mldTreasury Statements."
The tables in
sections II and III
are
obtained
from reports
of
the
corporations and other agencies, adjusted by the Treasury Department.
Assets, Liabilities, and Capital as of December 31, 1946
Table 1.- Summary
April
1947
Corporations and Certain Other Agencies of the United States Government
Section
I
-
-
(Continued
Assets, Liabilities, and Capital as of December 31, 1946 - (Continued)
Table 2.- Conparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Type of Loan for Recent (Quarterly Periods
Treasury Bulletin
Corporations and Certain Other Agencies of the United States GovenMent
Section
I
-
-
(Continued)
Assets, Liabilities, and Capital as of December 31, 1946 - (Continued)
Table 3.- Comparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Agency and Type of Loan, December 31, 1945 and December 31, 1946
Corporation or
<
acacutlre Office of the President:
Office for fcergency M»ne£«Ment:
SiuQler Har Plufts Corporation
Dqwrtaent of AgricultTire:
ComiBodlty Credit Corporation
Tan
Credit AdalnlBtratlon:
B&nke for cooperatlTes
ftjderal Intermediate credit banka
Federal land banks
Be^onal A^lcultural Credit Corporation of
V(aehin«ton,
13.
196.7
231.3
,0«g.U
?3l.«
231. g
986.3
C
Federal Tarv Hortgage Corporation
Departnent of Commerce:
Inland tfatervays Corporation
Department of State:
Office of Inlar-toerlcan Affaire:
Prenclnradlo, Inc
Ejport-Iaport Bank of Washington
federal Iteposlt Insurance Corporation
Federal loan Agency:
Bee on struct loo. finance Corporation and certain
Beconstnictlon Finance Corporation
Federal Satlonal Mortgage Association
The B.F.O. Mortgage Company
S. CoKiercial Company
U.
Hatlonal Housing Agency:
Federal Home Loan Bank Administration:
Federal home loan banks
Home Otniers' Loan Corporation
Federal Public Bousing Authority and affiliate:
Federal Public Houelng Authority
Defense Homes Corporation
785-1
11.5
5-6
lU.O
1-5
2U
27«.3
Tennessee Valley Associated CooperatlTes. Inc
Tennessee Talley Authority
Total loans of Goremment corporations.
1.763-'*
Certain other agencies
Department of Agriculture:
Farm Credit AdminlBtrmtlon:
Agricultural Marketing Act ReTolrlng ftind...
ftnergency Crop and Feed loans J/
Farm Security Administration i/
Farmers' Home Administration U/
Bural Electrification Administration
3-1
Department of the Interior:
Puerto Hlco Reconstruction Administration and
Indian Loans
Puerto Blcea ftirricane Relief Loan Section y...
Federal Works Agency 6/
ational
Honslitg Agency:
Federal Bousing Administration
United Stetes Maritime Coamiseion
Other 1/
25-8
l.g
«6l.l
Total loans of certain other QoTemment agenoias
Coryqratlone and certain other agapclee
Total loans
Bote:
See page 71 for footnotes.
659.0
(Contlnoat on follovliie page)
Jfe^
April 1947
Corporations and Certain Other Agencies of the United States Government - (Continued)
Section
I
- Assets,
Liabilities, and Capital as of December 31, 1046
-
(Continued)
Table 3.- Comparison of Gross Loans Outstanding, Excluding Interagency Loans, by Agency
and Type of Loan, December 31, 1045 and Becember 31, 1046 - (Continued)
of dollars
States, Terrl-
Corporation or other agency
Corporatlons
becutlre Office of the President:
Office for faergency Management:
Smaller War Plants Corporation
Departnent of Agriculture:
Conmodlty Credit Corporation
TariD Credit Administration:
Banks for cooperatives
Federal Intermediate credit hanks
Federal land banks
Hsglonal Agricultural Credit Corporation o
Washington D.
Federal Tarm Mortgage Corporation
,
Department of Commerce:
Inland Waterways Corporation
Department of State:
Office of Inter-American Affairs:
Prenclnradio Inc
,
t,2US.6 S/
Export-Import Bank of Washington
Federal Deposit insurance Corporation
Federal loan Agency:
Reconstruction Finance Corporation and certain
affiliates:
Reconstruction Finance Corporation
Federal National Mortgage Association
The R F. C. Mortgage Company
U. S. Commercial Company
233.8
I7U.3
15-9
1-5
national Housing Agency:
Federal Home Loan Bank Administration:
Federal home loan hanks
Home Owners' Ujan Corporation
Federal Public Housing Authority and affiliate
Federal Public Housing Authority
Defense Homes Corporation
276.9 2/
Tennessee Valley Associated Cooperatives, Inc
Tennessee Valley Authority
Total loans of Government corporations
Certain other ajtenclee
Department of Agriculture:
Farm Credit Administration:
Agricultural Marketing Act ReTolviog Fund.
Emergency Crop and Feed Loans
Farm Security Administration
Farmers' Home Administration 5/
Rural Electrification Administration
V
y
Department of the Interior:
Puerto Rico Reconstruction Administration and
Indian Loans
Puerto Rlcan Hurricane Relief loan Section y.
Federal Worke Agency 6/
national Housing Agency:
Federal Housing Administration
19.1
United States Maritime Commission
Other i/
;
u.i
Total loans of certain other Oovernment agenelei*.
Corporations and certain other agencies
483.6
el
See page 71 for footnotes.
M6O.5
5^5.6
Treasury Bulletin
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets,
Liabilities, and Capital as of December 31, 1946
Table 4.- Corporations
-
-
(Continued)
(Continued)
April
67
1947
Corporations and Certain Other Agencies of the United States Government
Section
I
-
Assets, Liabilities, and Capital as of December 31, 1946
Table 4.- Corporations
-
-
(Continued)
(Continued)
(Continued)
-
(In Blllione of dolla
Bepartment of Agrlciature
-
(c
Federal
Surplus
Inland
Corpora-
iq7
Cash 1/
Loan* receivable from;
aoverooect corporatlooe and s^eoclet
OoTeroBcot corporations and acecclaa
AdTaocee to conlractore and areata
ConmodltleB, tuppllet, and naterlalt
Invettaenta:
Public debt obligation* of Dnlted Statea
Securities of aoTeroment a<aacles guaranteed by United Statee
Other eacurltles, leee reaervee
Land, etructures, and equipment, lese reBervee..
Deferred charges
Total aeeetB
GoTerncent corporatlone and agencies
Oovernnent corporatlooB and agencies
Government corporations and agenclea
Bonds, debentures, and notes payable:
2/
&0Terniient corporations and agencies:
Guaranteed securities Issued to Treasury
Hot guaranteed 2/
Not guaranteed 2/
Obligations to purchase loans held by lending
Other liabilities (Including liability reserrat)
Total
1
labll 1 t let
"TTTS. owned:
70.0
21.8 21/
Expended appropriations
Earned surplus (or deficit
•3.5
[-]
-7.5
)
Total United States owned
Capital a to ck
Earned surplus
Total privately owned
Total capital
Total liabilities and capital
lysis of Investaent of United S tates
Book value of United Statas Inieras t.
interagency Itema \jj
including
Other Oovernnent agencies excluding Treasury
loans to OovernMent corporations
Book value of United States Intarest after ax-
on following Dagej
10.2 22/
60.7
-68.6
Treasury Bulletin
68
Corporations and Certain Other Agencies of the United States Governnent
Section
I
-
-
(Continued)
Assets, Liabilities, and Capital as of December 31, 1046 - (Continued)
Table 4.- Corporations - (Continued)
April 1947
Corporations and Certain Other Agencies of the United States Government - (Continued)
Section
I
-
Assets, Liabilities, and Capital as of December 31, 1946
Table 4.- Corporations
-
(In mlUlonB of dollM-s)
(Continued)
-
(Continued)
Treasury Bulletin
Corporations and Certain Other Agencies of the United States Government
Section
I
-
Assets, Liabilities, and Capital as of December 31, 1046
-
-
(Continued)
(Continued)
Table 5.- Certain Other Agencies
(In mllilons of dollsTB)
United States
Department of Agrlculti
Federal
Works
Agency
Agricultural
Marketing
Act BerolTIng Fund
Cash 1/
Loans receivable from:
GoTemment corporatlo.
corporations and agencies.
contraotore
Commodities, supplies, and materials.
InTestments:
Public debt obligations of United
Acquired security or collateral, lees
Deferred charges
Undistributed charges
Capital stock of Government corporatia
Liabilities
Government corporations and eigenclee.
Accrued llatllltleo:
OoTemment corporations and
States
Maritime
CoBBnleslon
ActlTl-
April
1947
Corporations and Certain Oth^* AgMicles of the United States Government - (Continued)
FV>otnote8 to Section
Leas
$50
Excludes unoipended balances of appropriated fxrndfl.
Includes notes for short-tem borrowings.
As of November 1, 19^*6, the loana of Qaergency Crop and Feed Loan
Section and Farm Security Administration were transferred to
Farmers' Home Admlnietiratlon,
Created pursiiant to Public Lav 731, approved August lU, 19lf6.
Puerto Rlcan Hurricane Relief Loan Section ceased to exist June 30,
B
2S/
27 /
28/
191*6
Conalsts of Bxu-eau of Coinnunlty Facilities and Public Works AdmlniBtratlon.
Consists of Federal Public Housing Authority -.Farm Security Administration program. Homes conversion program, and Public war houBlng
program; Federal Security Agency - loans to students; Navy Department - guaranteed loans (World War II); Treasury Department miscellaneous loans; and War Department - guaranteed loans (World War II)
Includes participation by other agencies of $7.0 million in loans
of Export -Import Bank of Washington.
Loan canmltments amount to $327.0 million against which advances of
$276.9 million have been made, leaving commitments to purchase
loans of $50.1 minion.
Includes the Federal Land Banks of Springfield, Mass., Baltimore,
Md., Columbia, S. C, Louisville, Kj., New Orleans, La., St. Louie,
Mo., Omaha, Nebr., Wichita, Kane., Houston, Tex., Berkeley, Calif.,
and Spokane, Wash., which have retired the capital stock and paidin surplus previously held by the U. S. Government.
Includes real estate sales contracts.
The reserve for losses on loans receivable Includes other loss reserves which cannot be distributed to the assets to which they
applyRepresents excess of assets over liabilities transferred to R.F.C.
Commodity Credit CorporaNet of reserves for losses as follows:
tion, $58.0 million; R.F.C, $100.7 million; and U. S. Commercial
Company, $.1 million.
Represents guaranteed obligations arising from drafts and Invoices
paid by commercial banks.
Public Law 519, July 20, I9U6, authorized the Secretary of the
Treasury to cancel notes In the amount of $921.5 million, pursuant
Cancellation of this amount
to Act of March 8, I938, as amended.
was effected on July 25, 19^+6.
Consists of paid-in capital (U. S. owned), Treasury loans to Government corporations, and earned surplus or deficit (U. S. share).
Figures are as of November 30, 19^, the latest available, and
Include Warrior Rlvor TerminaJ. Company, Inc., a wholly owned subsidiary.
Figures are as of June 30, 19^, the latest available, except with
respect to certain Interagency adjustments as of December 3I, I9U6
made by the Treasury Department
Consists of Institute of Inter-American Affairs, Institute of InterAmerican Transportation, Inter-American Educational Foundation, Inc.
Inter-American Navigation Corporation, and Prenclnradlo, Inc.
Represents advances from R.F.C. for the payment of operating ex-
29 /
jO/
31 /
^2/
ii/
i2/
^
21/
I
Miscellaneous Receipts of the Treasury Department.
Consists of U, S. Commercial Conipany and War Damage Corporation
Net of $108.9 minion reserve for losses against other assets ol
U. S. Commercial Company.
This amount ($50,000) was deposited to Miscellaneous RecBlpts oi
the Treasury Department on January 27, 19^7Sales contract In amount of $.1 million transferred to War Department for liquidation and ultimate deposit of c
Miscellaneous Receipts of the Treasury Department.
The surplus is not available by law for dividend d
is considered by the corporation as a reserve for future deposit
Insurance losses and related expenses with respect to Insured banks.
includes unreserved surplus of R.F.C, $531.2 million, and deficit
of merged war affiliates, $5,532.^ mlUlon.
Figures represent activities under U. S. Housing Act, as amended.
War housing and other operations of the Authority are reflected In
the classification "Other" in Table 5.
The surplus Is considered by the corporation as available for future
Insurance losses and related expenses with respect to Insured institutions.
Consists of Indian Loans, and Puerto Rico Reconstruction AdminisPuerto Rican Hurricane Relief Loan Section ceased to
tration.
exist June 30, 19^*6. Collections of the uiaiquidated loan balances
will be made by Puerto Rico Reconstruction Administration and deposited to Miscellaneous Receipts of the Treasury Department.
Figures are as of November 30, ig^^o, with exception of those of
lend-lease and UKRRA activities.
of Federal Public Housing Authority - Homes conversion
program. Farm Security Administration program, Public war housing
program, and Veterans* housing program; Federal Security Agency loans to students; Navy Department - guaranteed loans (World War II)
and sale of surplus supplies (World War I); Treasury Department miscellaneous loans and certain other assets; War Department - guaranteed loans (World War II); and Veterans* Canteen Service created
pursuant to Public Lav 636, approved August 7, 19'*6.
Represents obligations of Government corporations as follows: Commodity Credit Corporation, $652,0 mlUlon; Export-Import Bank of
Washington, $26.5 million; Federal Public Housing Authority, $360.0
million; Home Owners* Loan Corporation, $622.0 million; R.F.C,
$8,976.3 mlUlon; and Tennessee Valley Authority, $56.5 mlUion.
Excludes the value of vessels and other expenses transferred to
the War Shipping Administration for which no transfer of funds will
be required under the authority of E. 0, No. 905^, dated February 7,
19^*2, and War Shipping Administrator's Order No. f, dated April 21,
191*2.
i8/
39/
Includes the vaJ.ue of vessels and other expenses transferred from
the U. S. Maritime Commission.
Represents excess of expenditures Incurred pursuant to legislation
construction and operation of mercliant
for such activities as:
marine fleet in Interest of the war effort; relief to farmers; loans
lief and rehabilitation In Puerto Rico; loans, grants, and relief In
construction of housing, public works, and community
:
Net of return of excess funds pursuant to Public Law 30I, approved
February iB, 19^, and Public Law 391, approved May 27, 19*»6.
Includes deficit resulting from administrative and ojtpratlng exof $U5.3 mlUlon.
of $2.7 mlUlon was deposited on December 3I, 19^ to
ko/
jtl/
Includes $85.0 mlUlon representing equity of mortgegors
of group accounts of the Mutual Mortgage Ineiirance Fund,
Consists of paid-in capital (U. S. owned), 3
Government corporations, plus excess of Incc
Treasury Bulletin
INTERNAL
REVENUE
STATISTICS
April 1947
Summary of Internal Revenue Collections
^
dollars)
Total
Total
profits
profits
Statement)
1937
1938
1939
19to
,
U, 631., 308
5, 67'', 318
5,61.3,81.8
2,179,828
2,629,030
1,091, 7U1
1,286,312
1,056,909
1,299,932
31,178
U2,786
71.2,660
5,161,231
5,162,361.
2,185,111.
1,028,831.
1,122,51.1
33,71.0
71*0,1.29
5,303,1311
5,322,771
2,129,609
982,017
7,351,531.
3,1.71,121.
1,1.17,655
1,120,582
2,016,297
27,010
37,172
833,521
925,856
3,262,800
6,629,932
18,261,005
U, 687, 1.62
56,621
9,581., 715
8U,2l.l
lU, 629, 31.1.
1,290,025
1,307,931
1,237,825
92,718
61.849
7,361,675
19lt2
12,993,118
-36,797
13,029,915
WltS
22,llt3,969
Ul, 681. ,987
1*3,902,002
-221., 755
+1,565,1.77
+101,661.
1^,310,333
-361,585
22,368,721.
1.0,119,510
1.3,800,338
to, 671, 919
ms
,
iqW
,
19U6-January.
February.
March
.
3,1*51,381.
April
May
June
July
October...
NoTember.
December.
19^7 -January.
.
Fiscal year
or month
19,03l.,313
15,883,235
137,1.52
11.3,978
18, 701., 536
12,l.62,U37
91,165
1,185,362
1,U98,705
1,738,372
1,779,177
1,700,828
6,156
3,672
3,783
299,11*0
61.,565
-1.73,31.8
-1.18,21.8
1.,
836,516
363,553
5,023,673
3,189,1.93
3,206,271.
320, 110
2,31.6,821
2,839,01.9
+559,269
1.,
2,036,735
2,271., 592
-105,735
-266,165
+578,679
2,1.15,833
1,703,072
1,662,967
2,836,577
1,216,51.6
1.81,232
1,420,591
1,083,189
1,737,770
102, 106
2,573,957
3,501,813
239,01*1.
109,960
239,705
5,523
1,757,352
1,765,61.9
1,232,11.3
1,1*15,371
31.6,082
+680,211.
3!6lo;995
2,907,267
1,227,325
1,669,891
10,052
-536,355
-91,636
+785,155
2,766,827
1,875,687
1,572,063
2,133,657
1,296,11*5
575,1*06
21*5,523
1,677,791*
2,908,U7
1,323,237
1.1.6,1.1.9
2,853,323
128,531*
261,935
60,61*7
108,956
186,1.89
178,71.5
28,172
98,737
1U9,1.76
109, U27
122,01.8
137,871
170, to9
211,151
265,011
281., 758
284,258
2,698
17,175
1*9,633
115,696
280,853
57,335
2,581,1.65
-21.1,1.31
291,209
2, 1.91., 389
119,617
156,008
183,337
93,532
238,062
3,770
2,230,1.73
3,1*2,752
3,693,272
895,336
1,131,51*6
5l*,673
2,1.91., 1.59
-330,568
58,119
90,267
101,167
106,123
100,658
98,277
269,869
it,095
i*,196
1.,
207,339
502,918
529,836
605,350
687,328
5,295
3,332
15,618
521, Ui.
2,250,898
September.
3,92i.,731
16,298,888
33,027,802
35,061,526
31,258,138
Railroad
ment
^
li,597,lUO
19ltl
19l>''
Social Security
and
(Dally
3,268
10,530
1,213
2,961
9,053
1,005
1,1*77
21,277
1*9,690
3,11*0
25,1*73
55,1*11
1,849
Treasury Bulletin
COLLECTIONS OF INTERNAL REVENUE
\\Compar/son
fiscal
SB
'34
'3S
first
7 months
ytars 1946 and 1947
'36
'37
'38
'!•
40
Billions
iff
Estate and Gift Taxes
Alcohol ond Tobacco Taxes
Illllll
ill
42
'45
44
45
April
1947
Detailed Analysis of Internal Revenue Collections!/
of dollars)
Fiscal yeoTB
ome and profita tazoa:
Individual:
Withheld by amployere:
Current Tax Payment Act of
Revenue Act of 19^2
Other:
Current ^/
19^+3
gj
Back
Total Individual Income taxea
8,567,
mi/
19,03U,313
8,U30,377
U6.571
l8,70U,53g~
Corporation:
Income taxes:
Current
Back
^
Excess profits taxes {Second Revenue Act of 19^0,
as amended)
Total corporation taxes
Miscellaneous profits taxes:
Dec lored value
Vinson Act
Unjust enrichment
12,1(62,1*37
U3,798
l8o
Total miscellaneous profits taxes
Total income and profits taxes
Employment taxes:
Social Security taxes:
Old-age insurance
Unemployment insurtuice 6/
Total Social Security taxes
^
1,307,931
186.1^89
"T7U9M^20
Railroad retirement jj
Total employment taxes
icellaneoue internal revenue:
Capital stock tax
Estate tax
Gift tax
Alcoholic beverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Brandy used for fortifying sweet wines (repealed
as of July 1, 19^*0)
Dealers In distilled spirits; rectifiers; manufacturers of stills (special taxes)
Stamps for distilled spirits intended for export..
Case stamps for distilled spirits bottled in bond.
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers In malt liquors (special taxes)..
199,691
1,281*, 613
32,51+9
U,213
83, 3^+3
638,682
3,130
Total alcoholic beverage taxes
Cigars ( large)
Cigars ( small)
Cigarettes ( large)
Clgarottes (small)
Snuff
Tobacco ( chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes
Total tobacco taxes
Bonds, isBues of capital stock, deeds of conveyance , etc
Transfers of capital stock and elfflllar interest
Playing cards
Silver bullion sales or transfers
Total BtBiap taxes
695
836,058
7,7^1
U9,57U
Treasury Bulletin
Detailed Analysis of Internal
(Inthoue
Type of tax
OolleetlonB 1/- (Continued)
of dollars)
April
1947
MONETARY
STATISTICS
Treasury Bulletin
Gold Assets and Liabilities of the Treasury
(In BlUIona of doUare)
End of cslendar
April
1947
Components of Silver Monetary Stock
(Id nllllons of dollare)
End of cil.ndar
Treasury Bulletin
Seigniorage on Sliver
(
OumulatlTo from January 1, 1935
-
In millions of dollars)
Sources of seigniorage on silver bullion revalued l/
Selgnlortge
Wee. silver
(silver and
(Incl. silver
bullion held
June lU,
18.5
U6.1
63.7
69.5
91.7
122.2
1935
1936
1937
1938
1939
19to
WW
WliS
WliS
19'''*
WltS
Wltfi
Bewly-mlned
•liver (Proe
Dec .21, 1933)
newly -mined
•liver (Act
July 6, 1939
Rationalized
silver
(Proc. of
Aug. 9,193't)
igsii)
U8.7
W.7
U8.7
U8.7
U8.7
U8.7
2''5.7
U8.7
U8.7
299.6
362.3
W.7
W.7
"•29.5
1>91.9
1.8.7
U8.7
U8.3
63.6
65.3
87.6
87.6
87.6
87.6
87.6
87.6
W'tfi -February.
Total
seigniorage
Potential
Belgnlorage on
silver bullion
Oeneral Ttad 2/
3I..5
326.2
271. .9
3I..7
1.22.1
397.5
3I..7
1*57.7
3I..7
530.7
562.7
31..
508.1
616.0
705.6
3I..7
759.1.
580.1.
58I..3
3I..7
581..
31..
31.
51.1.6
758.8
950.6
1,055.8
.7
58I..3
3I..7
701.6
832.1
3I..7
3I..7
771..
March
65.8
65.8
186.9
3I..7
181..
U8.7
65.9
832.1
832.1
832.1
31..
W.7
3'..7
180.9
65.9
65.9
65.9
832.1
832.1
832.1
3I..7
178.8
175.3
173.0
832.1
832.1
3I..7
832-.1
3I..7
U8.7
April
May
'»53.1
July
1*57.8
U61..6
September
U70.6
October
November
December
W6.7
.
.
U81.6
"•91.9
87.6
87.6
87.6
87.6
87.6
87.6
2/
~
.7
3I..7
1,069.1
1,069.1
1,069.1
170.2
170.6
161.2
V
.
Dally Treasury Statement.
These Items represent the
the monetary value of sU
silver certificates.
The figures In this column ara not cumulative; a
bullion held changes, the potential seigniorage
31.
67.1
67.8 5)
igUT-January .
February,
ce:
1/
3I..7
J/
hj
2/
Includes
received
Includes
received
Includes
received
$600 thousand which represents seigniorage on silver
under the Act of July 31, I9U6.
$1,200 thousand which represents seigniorage on silver
under the Act of July 3I, I9I.6.
$1,900 thousand which represents seigniorage on silver
under the Act of July 3I, 19'.6.
April 1947
Money In Circulation
6,W.T
1937
1938
WW
W*?
19W
I9U6 -February.
1,078
1,230
5,93''
6,
we
1,1.5'.
7,2W
l,58e
9,612
8,932
22,50ll
26,7k6
16,*92
21, '138
25,5*1
28,2li5
26,9'>5
27,885
28,120
26,605
26,829
28,2lt5
26,9''5
19*2
19^2
WW
5,92k
6,li6l
7,8M
1939
WK)
300
1,6*9
1,5*8
1,651
2,025
,
March
April
May
Julj
26,91.3
27,129
27,175
October. ..
RoTembar...
DecaBiber.
.
1947-January . .
February p.
.
27,255
27,506
27,591
2W
1,978
2,018
2,025
Treasury Bulletin
CAPITAL
AND
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN FOREIGN CURRENCIES
April 1947
Capital Moveiaents Between the United States and Foreign Countries
chapter
This
Capital
on
and
United
States
Foreign
Currencies
Is
MoreBents
between the
available.
Countries and Position In
Foreign
dlrlded
Into
four
aaln groups.
Section I of Capital MoTeaents, the Historical Suaaarr,
contains data regarding capital ovements, by the prin-
The last group contains InforMtlon regarding the
net position in foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
of data and by yesu-a, starting with 1935.
are also shown.
Each type of
then broken down Into Its chief co^onents In
contracts and purchases and sales of foreign exchange,
both spot and forward. This section covers a twelveBonth period.
cipal types
The last thirteen Bontha
data
Is
the saae chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
for
previous periods Bay be obtained froB
the following sources:
The
principal countries for the last thirteen Bonths.
total
capital noveBents are given first and then the
principal categories are shown separately. In addition,
at this point, the total outstanding elalBs on and liabilities to foreign countries are each presented.
Suppleaent to the "Treasury Bulletin' on 'Capital
Moveaents between the United States and Foreign
Countries,
January 19^2 throu^ April 1945',
for
details during that period.
•Treasury Bulletin',
Hoveaber 191*5,
for capital
Boveaents, and position In foreign currencies by
Bonths, 19'*2-19'^5.
Details with respect to capital BOTenents and
short-tei^ clalBS and liabilities aire presented in Section III as of the latest Bonth for which the d*ta are
Treasury Bulletins", March 191*2 and earlier, for
details covering years back to January 2, 1935.
Historical
Table 1.(In thoDsasde of doll
Calendar year
or .onth
hiet
Capital Movement
negstlTC figures Indicate a net ontflo* of capital
tnm
the United State
Treasury Bulletin
Capital Movements Between the United States and Fbrelgn Countries - (Continued)
Section
I
-
Historical Sunmeiry - (Continued)
Table 2.- Short-Tem Clalas on and Liabilities to Foreigners as Reported
by Bunks and Bankers In the United States
(Position at end of period In thouBande of dollare)
Short-tem claims
Payable
Short-term llablllt
Payatlo in dollare
Pejable
in
foreigners
1935
1936
1937
1938
1939
(Deo.
(Dec.
(Dec.
(Deo.
(Jan.
1935).
1936).
1937).
1938).
3, 19to).
778,579
I9I1O
(Dec. 31, 19l»0).
31,
30,
29,
28,
128,951
lto,911
1*88,365
1,156,U96
1*31*, 977
1,1.56,885
385,636
1,600,507
1,985,025
3,025,189
508,702
66,71.5
161,263
96,726
116,917
165,521
173,238
383,978
367,786
1*7, 1*77
U5,ll8
1*7,068
118,633
191*2
21*6,673
30,916
72,01.8
19'»3
257,929
329,691*
3l*,387
5l.,603
86,378
19"*
105,1.21
19't5
392,766
U7,l*89
100,267
19115-
331,320
392,766
'•3,596
197,287
1.7,1.89
21.5,010
19116 -JanuaiT.
1.06,286
50,121.
February
Maroh...
k06,801
1.31,930
*9,218
53,333
April...
i.3l.,270
62,072
Majr
1*90,703
511,021.
57,961.
58,1.60
101,531
217,396
228,236
July
561,1.16
Augus
Septi
6ll.,6o8
108,706
108,093
106,196
236,539
231,855
276,116
WH
672,611.
65't,990
626,Oli2
560,150
October..
November
152,1.37
150,01.1.
108,396
102,268
112,076
310,1*77
268,719
221,383
202,085
46,795
66,478
209,597
114,791
135,311
97,851
99,954
82,983
103,369
3,938,232
3,678,518
,205,389
3,786,182
3,352,223
3,523,328
5,37l*,903
l*,13l*,l*12
5,596,775
6,883,068
'',356,501
21.7,766
6,993,209
255,315
266,521
6,931,l**8
6,927,795
5,027,036
1., 964, 752
4,959,697
944,872
943,274
943,576
21,301
23,422
24,522
270,667
6,883,102
6,654,628
6,612,010
4,927,985
4,760,488
4,762,835
926,596
863,228
820,061
28,521
30,912
29,114
11*3,709
137,161*
169,670
21*5,010
215,31.3
221.,
328
1*
31,049
19,677
13,893
17,911
21,641
25,546
l*,9t6,62l.
27,890
25,546
216,171
25,415
27,177
27,517
2I«3,202
232,296
103,518
96,977
Table 3.
Net Movement of Short-Term Banking Funds
of dollare; negatlTo figures Indicate a net outflov of capital from the United States)
Short-term llabllltleo
Payable
Payable In doUara
Payable in dollare
Payable
foreign
foreigners
1935
1936
1937
1938
1939
(Jan. 2, 1935-Jan.
1, 1936)
(Jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937 -Dec. 28, 1938)
(Dec. 29, 1938-Jen.
3, 1940)
361,360
70,119
17,624
28,948
117,340
228,132
-14,788
-11,526
1940
1941
1942
1943
1944
1945
(Jan.
4, 1940-Dec. 31, 1940)
191*6
(Jan.
1946-iroT. 30, 1946)
124,724
16,192
97,503
-11,256
-71,765
-63,072
-249,834
19,268
409
15,933
-3,471
-20,216
7,114
-49,488
2, I935-K0T. 30, 1946)
437,883
257,059
Total (Jan.
1,
1945-NoTeinber
-990
-3,893
1946 -January
-2,635
906
February
March
April
May
July
September
October
KoTember
-4,U5
-2,340
-56,433
-20,321
,739
-50,392
-18,734
-34,458
-50,246
613
1,897
-7,717
49,341
75,159
41,758
631,469
358,023
269,770
300,020
1,018,143
587,334
333,407
143,622
374,440
1,040,164
6,333
19,683
143,119
-94,806
20,580
37,802
4,933
-16,971
20,386
-42,541
58,120
-3,515
20,671
-14,330
-19,043
5,154
-194,427
47,336
19,298
60,899
6,545
-32,506
-75,340
-5,919
716,904
-259,714
485,870
1,179,314
220,359
1,279,375
-207,688
760,993
-433,959
105,607
-14,310
185,617
385,365
554,412
-3,947
692,265
-94,405
-29,779
-11,372
-5,102
4,018
3,730
3,905
5,706
-195,566
376,390
5,991,845
-8,129
6,128
-9,808
-2,756
-7,549
-11,206
-91,058
10,545
-U5,865
-10,840
90,203
-61,761
-3,653
60,474
-62,284
-5,055
-44,693
-228,474
-42, 618
-31,712
-167,497
2,347
296,171
-140,382
-78,527
277,414
-90,504
-155,105
22,456
-51,640
76,238
-l63,809l£/
113,187
I
April 1947
Capital Movements Between the United States and Foreign Countries
Section
I
-
Historical Suncnary
-
-
(Continued)
(Continued)
Table 4.- Purchases and Sales of Lang-Tern Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
Calendar y.ar
Treasury Bulletin
Sb
Capital Movemnts Between the United States and Foreign Countries - (Cant
Section II
-
Suanary by Countries
Table 1.- Net Capital Movement
(In thon»and« »f d»ll«T»i B«g«ttT»
tigant lBdleat» «
net «utfl»» of capital tram the
HnlU*
St«t»»)
April 1947
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 2.- Net Movement of Short-Term Banking Funds
Treasury Bulletin
8»
Capital Movenents Between the United States and Foreign Countries
Section II.- Summary by Countries
-
(Continued)
Table 3.- Net Movement In Brokerage Balances
April
1947
Capital Movements Between the United States and Foreign Countries
Section II
-
Sumnary by Countries
-
-
(Continued)
(Continued)
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign)
as Reported by Banks, Brokers, and Dealers in the United States
of dollaxB; negatlTe flgtj-e. Indicate n«t tales by foreigners)
Treasury Bulletin
90
Capital Movements Betneen the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
5.- Short-Term Claims on Foreigners as Reported by Banks and Bairicers In the United States
April
91
1947
Capital Movemattts Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
atort-Tem Liabilities to Foreigners as Reported by Banks and Bankers in the United States
Treasury Bulletin
Capital Movements
Betwew
the United States and Foreign Countries
Section II
-
Sinaary by Countries
-
(Continued)
(Continued)
Table 7.- Foreign Debit Balances (Balances Due From Foreigners) In Brokerage
Accounts as Reported by Brokers and Dealers In the United States
(PaaltlsB Bt
ni
of
uath
la theuaanda of
dollwa)
April 1947
Capital Movements Between
Section
tl
11
United States and Foreign Countries
Summary by Countries
-
(Continued)
Table 8.- Foreign Credit Balances (Balances Due to Foreigners) in Brokerage
Accounts as Fteported by Brokers and Dealers In the United States
Treasury Bulletin
Capital Movements Between the United States and Foreign Countries
Section III
-
Details for Month of November 1946
Table 1.- Short-Term Claims on Foreigners as Reported by Banks
and Bankers In the United States
April 1947
95
Capital Movements Between the United States and Foreign Countries - (Continued)
Section III
-
Details for Month of November 1946
-
(Continued)
Table 2.- Short-Term Liabilities to Foreigners as Reported
by Banks and Bankers in the United States
9b
Treasury Bulletin
Capital Movements Between the United States and Foreign Countries - (Continued)
Section III
-
Details for Month of November 1046 - (Continued)
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners as Reported
by Banks, Brokers, and Dealers In the United States
April
1947
97
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
Table 1.- Net Position by Countries
(In thon«andB of dollara; negatlTe flgure« Indicate short poBltlon)
Treasury Bulletin
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 2.- Outstanding Forward Exchange Contracts
of dollars}
Purchase coQtracte
Total:
igUj-Decanber...
12.190
20.190
12.391
11.W4U
12.781
20.1*33
1''.663
114,656
23.997
21.309
2U.i7g
17. '•66
16.5''9
17.379
16.532
18,650
19lt6-January
April
May
July
51.390
October
U2,l»96
i<5.503
i43,U3)(
a
foreign custoflel
l9U5-Dece»ber
18.755
UU.B68
Mo. 258
37.378
31.711
32.270
11.193
12.589
444.1425
>40.0Ul
37.211
31.673
32.199
2.267
l^Mfc-January
March
April
May
July
1.6'.3
SepleBber.!;
2.116
1.9U2
October
Hoveaber
FroB doaestlc cuetocx
l9U5-Dece«ber....
19U6-January
February
March
605
2,183
.
.
16.676
U.Ulti
11.350
17.719
10.991
12.301
1U,350
12,109
18.6l«)
.
19.361
April
1.159
2.119
May
22.695
20.761
22.690
July
'*9.7l<7
17.275
l6.'.63
18. 367
10,7140
lU,3l43
17.267
16.UU6
18.283
43.779
I»5.0ii6
September!
October
:^
"3.561
i:S
30.552
30.106
30.51'*
30. 080
29,226
19,668
37.2I4I
23.015
30.165
36.158
18. 967
22,8l43
"40.313
38.970
Total:
laUj-Deceinber.
.
.
igUfc-January
February.
141.909
1*3.387
, .
April
,
Itay
July
29.526
36.036
UO, 221
38,3148
1*9.539
1*5.833
1*0.1*61*
52.636
1*0,900
I40,l4l47
I05r3l0
92,280
96,1*914
814,3143
89. 762
77,177
90,958
83.283
76,310
69,080
66.U32
38.535
83. 707
75.8714
To foreign custoners:
1915-Dscesiber.
.
.
916
2.593
I9U6 -January
9141
1:1%
February
1.31
926
April
I.03I4
May
761.
1.28U
July
2,666
14,520
September...
1,310
October
1.1430
2.185
To donestlc customer!
19>»5-DeceBber.
.
.
igUfc-January
February
26.633
314.911*
1*0.273
l42.i4bl
April
May
148.505
145.069
51.352
July
102.6l4l4
91.971*
88,1*32
October. ...
82.277
73.689
680
April 1947
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
Table 2.- Outstanding Forward Exchange Contracts
Tolal
Purchase contr
Total:
19'*5-D«ce»l'".
ISUb-January.
February.
April....
U.Ugg
3.100
«»y
3.567
3.288
2.691
July
2. ''97
1.97''
1.175
2.57''
2.5UU
3.179
1.376
3.058
2.107
t.659
19U5-December.
lyUb-January.
February.
1.37'*
1,20'*
>t8
1.77"
April
Hay
73
997
703
105
95"
"10
1.076
July
8 75
17
From dooeetlc cast
I9't5-Ile<: ember.
3.666
I'J'^t-January..
i*.909
February.
»..U15
3.100
April
Hay
July
August. ..
SepteBber
October..
19U5-DeceBber.
1946.January.
February.
April....
May
July
SepteBber
November,
foreign cuetome
I9U5. December.
19'»6-January..
March
May
July
August...
September
19''5-December.
19Ut-January..
February.
July
2.552
2.283
3.039
2.877
".575
'62
3.288
3.
China and
-
(Continued)
Treasury Bulletin
In the United States - (Continued)
Position In Foreign Currencies as Reported by Banks and
Table 3.- Purchases and Sales of Foreign
(Spot and Forward)
Total purchasas;
19'15-Decenilwr
Spot
98,936
9,527
5U,562
5,250
U2,821
5,250
I9U6- January
Spot
107,608
11,115
"•7,630
Spot
105,317
58,15U
5,777
66,691
6,552
69,819
8,536
57,369
8,U57
73,0l«l
59,076
8,638
Tebruary
9, '•92
March
Spot
137,076
15,833
April
Spot....
138, zUi
13,002
129, U96
12,989
July
Spot
August
Spot....
Forward.
n6,6i3
75,813
15,233
62,113
15,216
77,268
6o,72"i
20,086
13U,6U6
22,356
158,676
26,067
Spot
November
Spot
lito,7iii
I9U5- December
Spot
62,666
6,115
65,161
7,229
21 365
,
February
Spot
Spot....
73,18'*
7,102
95,259
10,068
Forward.
June
July
Spot....
Forward.
Spot
Au^Bt
Spot
September
Spot....
.
.
.
.
8,657
8,230
123,091
October
I9U6- January
8,9'>3
67,383
8,319
l'A,571
37,888
Spot,
.
60,552
129,739
13,898
209,795
UU,812
September
.
5,698
57,7"A
6,552
73,167
7,257
81,782
10,589
15'',
151
30,633
82,573
13,566
82,326
15,099
103,736
5"^,232
17,5'^5
17, "«9
100,792
17,362
81,388
15,398
86,923
17,2U7
'•1,111
30,871
3,036
3,036
39,315
2,783
52,693
29, '•90
2,70lt
"A, 196
U,U90
"•3,121
'•5,379
3.'«)7
5,055
33.62U
3,328
31,663
U7,898
35, '•05
6,601
117, "•86
6,580
97,96U
29,713
U,iU6
37, "*3
9,798
35,175
12,2"A
15, '•85
12,299
72,213
12,865
50,31U
11,751
36,270
13, '•51
3, '•12
2,2lll
2,21"l
Spot
U2,1^U7
18,839
18,llW
2,99't
2,99"^
February
Spot....
3,889
32,133
2,390
13,998
2,062
13, 5"*
March
Spot
Forward.
"•1,817
17, "•31
April
Spot
52, '•U2
May
Spot
Forward.
Spot ..
6,788
56,329
5,732
18,U85
3,888
2U,UU0
5,129
28,190
U,U92
'•7,957
19,'l85
3,009
October
Spot
Sorember
Spot
.
.
.
15,33'»
81,8l6
Purchases from othore:
19U5- December
Spot....
19U6-January
June
.
5,765
59,867
12,75"t
39,980
11,695
11,950
2,062
3,888
23,7"^5
5,129
27, "113
"•,U92
18.827
1,650
25,127
11,690
2U,673
1U,179
1,718
27,085
12.175
Au^Bt
Spot....
^'•,0U0
26,191
5, "•IS
Spot....
6,520
52,320
7,257
5, '•23
September
28,320
5,2U6
25,5"^9
5,2'^5
28,579
U,U97
31,07U
I.6U7
27,056
U,U93
July
Spot
55,6'^U
5U,9l(0
NoTember
Spot.
.
.
10,733
58,898
76U
l,OUl
15,3''2
55,383
5,072
'•8,9'18
1,669
69,305
U,ll90
25,713
U9,620
9,810
1,201
68
37,"«)3
29,325
3,6U7
(Cont
667
April 1947
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
of
Xurope
Total parcha««i:
-
(oootlnuvd)
dolUr«)
Treasury Bulletin
as Reported by Banks and Bankers in the United States - (Continued)
Position in Foreign Currenclt
Table 3.- Purchases a
1
Sales of Fbreign Exchange (^»t and Forward)
(In thoQBands of doll
Total ules:
19U5-Dec«Bl>«r
Spot
85, '•33
Spot....
06,696
23,782
98,862
19, 3110
igU6_JanuBry
Tobruary
Spot
.
.
.
19,291'
127, Jl^
23 ,695
April
Spot
May
Spot....
J\lBO
Spot
July
.
.
.
.
Spot....
130,055
19,599
12U,190
16,965
123,222
23,010
159,020
75,915
128,836
"•1,192
13,15't
13,051
6U,62l
12,200
68,09U
55, V2
l't,958
l'*,937
2
66,797
12,lUl
5't,299
680
75,3W)
10,223
68,9''3
12,120
107, lOU
65,77U
7,209
55,683
12,200
12,019
61,123
10,077
56,U7l
11,856
517
,'•89
1,119
1,398
677
87,398
6U,38U
2,202
61,926
18,991
65,960
20,118
2,006
Spot....
September
Spot....
133,078
26,815
October
Spot....
152,390
33,173
8l»,'^93
NoTember
Sp'ot....
138,051
2U,00U
69,756
18,969
75,863
19,078
81,287
20.195
583
'•3,318
Au^et
2U,87't
36"
51,857
7,96U
53,2U7
17
1,878
1,582
889
1,071
23,582
997
ee to banks:
19U5-Deceniber
Spot
19U6-Janu«ry
Spot
February
Spot....
rorvard.
March
Spot....
April
Spot
Hay
Spot....
Tonrard.
3U,U99
8,259
37,088
6,220
18,922
5,112
19,137
3,980
36,936
7,919
52,259
13,510
2l»,50U
56,615
10,219
52,157
29,5''5
6U,72'^
18,001
l't,987
Spot
58,625
li.,639
September
Spot....
31,5''8
37,270
12,231
Ui,lU9
August
.
8, 1151
7,l6l
7,212
Spot
ror»ard.
.
22,997
30,367
6,275
U6,329
25,203
July
.
6.110
9,3''9
53,182
8,919
68,826
28,lU9
October
Spot
75,619
17,71*
50,U22
15,01U
NoTember
Spot....
6g,06it
'•1,697
13,532
10,333
Spot
50,93't
32,935
2,852
Spot
59,608
17,562
61,926
11,375
75,289
10,185
Saloo to othere:
19''5-Eec«mber
11,081
I9U6- January
February
March
Spot
.
.
.
Spot....
Aprl
Spot
Fonrard.
May
Spot
73,
WW
26,585
6,011
'•0,773
2U,721
31,'i9li
12,211
33,361
1",955
'•5,381
1U,676
10,289
3U.IIO
9,17U
27,123
9,17U
3'^,0li
6,090
6,090
'10,936
6,U88
37,252
June
Spot
Torvard.
July
Spot.
90,19U
60,775
''7,766
'10,571
.
25,028
7,060
26,U53
7,080
'10,117
9,380
72,033
7,616
70,0U0
1U,091
.
75
'1,720
16,195
3,877
113,792
3,011
38,576
5,8U5
29,271
",959
SI*, 670
2,997
29,886
5,8'^5
U6,625
39,663
Au^s t
Spot ...
70,211
10,235
38,593
6,8U7
30, '132
September
Spot....
68,353
8,81U
'10,138
32,599
5,163
39,112
8.906
1.U25
32,722
8.700
l,Uli3
October
Spot....
76,771
15,U29
HoTember
Spot
69,987
10,U72
5,208
U8,U2U
9,263
'W,'>73
8,773
1,135
6,780
(Co.
i,3'io
103
fellovine page;
-
(Ccntinued)
April 1947
103
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
during month
19>l5-DK:embar
Spot...
igUfi-Jaiiuary
Spot ...
February
1,132
Spot
March
Spot...,
terll
Spot....
H«-
Spot....
Jtmfl
Spot....
July
Spot
Aug-aei
Spot
September
Spot
yorward.
October
Spot
Forward.
Spot ...
November
19l*5-Deceaiber
l9U6-January
.
.
.
Spot....
Forward.
Spot
Forward.
February
Spot
March
Spot
April
Spot....
May
Spot
June
Spot
July
Spot
Au^et
Spot
September
Spot
October
Spot
.
. .
.
.
. .
.
.
NoTe.Tber
Spot....
igi^^Decefflber
Spot..
Forward.
19^6-January
Spot
.
.
.
.
.
February
Spot....
Forward.
April
Spot....
Forward.
Spot
May
June
Spot.
July
Spot
.
.
Au^piat
Spot
September
Spot
Forward.
October
Spot
November
Spot
.
.
.
.
-
(Continued)
BUY
AND
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UNITED
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@FedFRASER