Full text of Treasury Bulletin : April 1951
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TREASURY DEPARTMENT
WEASURY.
BUILILETrEN
npRiL-iasi
UNITED STRTES TREflSURV DEPORTMENT
OFFICE DP
THE SECRETBRV
April 1951
Table of Contents
Page
Treasury financing operations
Summary of Federal fiscal operations
A-1
1
Budget receipts and expenditures
2
Trust account and other transactions
g
Treasury cash income and outgo
12
General Fund of the Treasury
I5
Debt outstanding
I6
Statutory debt limitation
21
Debt operations
22
United States savings bonds
27
Treasury savings notes
3I
Ownership of Federal securities
32
Treasury survey of ownership of Federal securities....
34
Market quotations
38
Yields of Treasury and corporate bonds
4l
Internal revenue collections
43
Monetary statistics
kj
Capital movements
5I
Corporations and certain other business-type
activities - loans and balance sheets
65
Cumulative table of contents
70
Note:
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.
Apr
IJ
1951
A-l
Treasury Financing Operations
2-3/H- Percent Treasury Sonde,
they may be used as collateral for loans and may be
Investment Series B-1975-S0
pledged as security for the performance of an
the Secretary of the Treasury
On March 19, 1951,
released the official circular governing the offering
2-3/4 percent Treasury Bonds, Investment
Series B-1975-SO In exchange for 2-1/2 percent
Treasury bonds of 1967-72, dated June 1, 19M-5,
due June I5, 1972i or 2-1/2 percent Treasury bonds
of
of 1967-72, dated November 15,
1972.
19M-5,
due December 15,
Exchanges were authorized In aggregate amounts
obligation or for any other purpose. In the event
of a default on the loan or In the performance of
the obligation,
the pledgee will have the right
only to exchange the bonds for 1-1/2 percent
year marketable Treasury notes.
be sold or discounted,
ordinary course,
(by way of reissue
)
but
and are not transferable In
they may be transferred
In certain Instances
specified
as
of $1,000, or multiples thereof. The amount of the
offering was limited to the amount of Treasury bonds
In the offering circular.
of 1967-72 of either or both of the specified series
1-1/2 Percent Flve-Year Treasury Notes
tendered and accepted.
five-
The bonds may not
The new marketable Treasury notes are offered only
to owners of 2-3/4- percent Treasury Bonds,
2-1/2 percent Treasury bonds of December I5, 1967-72
Investment Series B-1975-SO, and other persons entitled
thereto In accordance with the provisions of the
acquired by them on original Issue, and bonds of
either series held In trading accounts pursuant to
notes will be Issued each six months during the life
Treasury Department Circular No. 7S7, dated Say
of the bond In two series,
Commercial banks were permitted to exchange the
17,19't-6.
Subscription books were opened on March 26.
It
was announced that the books would be open for about
circular governing the offering of the bonds.
The
to be dated April 1 and
October 1 In each year. The notes to be dated
April 1 will bear the series designation EA and
two weeks, although the Secretary reserved the right
the notes to be dated October 1 will bear the series
designation EG, each to be followed by the year of
to close the books without notice.
maturity.
The first issue of these notes was dated
April
1951.
The new bonds, which are dated April
1,
1951, will
1,
October
1,
The last Issue will be dated
or the April 1 or October 1 next
I979,
bear interest from that date at the rate of 2- 3/'1- per-
preceding the date on »*lch the 2-3/4 percent Treasury
cent per annum, payable semiannually by check on
bonds cease to bear interest If called for redemption
October
October
1,
1
1951>
an<3
thereafter on April
1
and
In each year until the principal amount
becomes payable.
The bonds were Issued In registered
form only, In denominations of $1,000, $5,000, $10,000,
$100,000, $1,000, 000,
and $10,000,000.
prior to maturity.
The notes will mature five years
from their respective Issue dates,
and will not be
subject to call for redemption before maturity.
They
will be Issued In bearer form only, with interest
coupons attached, and in denominations of $1,000,
$5,000,
$10,000,
$100,000, and $1,000,000.
The notes
redeemable In whole or In part, at the option of the
will be acceptable to secure deposits of public
moneys.
They will not be acceptable In payment of
United States, at par and acoured Interest on and
taxes.
The bonds will mature April
after April
1,
1975-
1,
1980.
They are
They are also redeemable at par
and accrued Interest at the option of the duly con-
stituted representatives of a deceased owner's
estate. If at the time of death they constitute
Reinvestment Offered Owners of Maturing Series E
Savings Bonds
Public Law 12, S2d Congress, approved March 26,
part of the decedent's estate and the Secretary of
^951> provides two reinvestment plans for owners
the Treasury is authorized by the representatives to
United States savings bonds of Series E who wish to
of
apply the entire proceeds of redemption to the pay-
continue their investment beyond maturity.
Series E
ment of Federal estate taxes. Although the new bonds
bonds were first issued on Hay
and will
are payable otherwise only at maturity, they may be
mature beginning May
exchanged at the owner's option for 1-1/2 percent
tension is applicable to bonds outetanding and tn
five-year marketable Treasury notes during the life
those which may be Issued in the future.
of the bond.
1,
I95I.
1,
194l,
The investment ex-
Partial exchange of thebondBln
multiples of $1,000 and reissue of the remainder
are permitted.
The 2-3/4 percent Investment bonds are not
acceptable to secure deposits of public moneys, but
Three options are open to owners of Series E
bonds which mature on and after May
Option
1.
Cash.
—
1,
I95I.
In accordance with the
original terms of the contract,
the owner of any
Treasury Bulletin
Series E bond may receive full cash payment for hie
The offerings under the new
Option
3.
Exchange for Series G Bonds.
—
The
Income
bond at maturity.
owner who wishes to receive current Interest
options 2 and 3 do not In any way restrict the right
of the Investor to cash his bond at any time.
may exchange his maturing Series E bonds for Series
bonds.
Series G are registered bonds Issued at face
amount and bear Interest at the rate of 2-1/2 percent
—
Under
Option 2. Extension of Series E Bonds.
of
this option, the owner will have the privilege
retaining the matured bonds for a period not to
per annum payable semiannually from Issue date until
exceed 10 additional years, during which time Interest will accrue at the rate of 2-1/2 percent simple
from the issue date, upon one calendar month's notice.
Interest each year for the first 7-1/2 years and
then Increase for the remaining 2-1/2 years to bring
bonds, however, will be redeemable at full face value
the aggregate Interest return to approximately
This choice
2.9 percent compounded semiannually.
requires no action on the part of the owner. Any
the terms of Series G bonds Issued for cash,
bond which Is not turned In for cash at its original
maturity date will be extended until the owner
to the length of time the bonds have been held.
presents It for payment. The extended bonds will
also be redeemable at the owner's option, and when
presented for payment the holder will receive the
full face value of the bond plus Interest which has
Series E bonds does not apply If the Series E bonds
accrued at the new ratea.
their maturity In 12 years.
Series
bonds Issued In exchange for matured Series E
during the life of the bond.
This le In contrast to
which
are redeemable prior to maturity at values less than
par, representing an adjustment of Interest appropriate
The
privilege of deferring taxes on the Interest on
are exchanged for Series G bonds.
Treasury Bills Refunded
Treasury bills matured In March In the amount of
A table showing the
redemption values for each denomination of Series E
bonds under the optional extension appears be-
They may be redeemed at
the option of the owner at any time after six months
$5.2 billion.
The weekly offerings of $1.1 billion
each on March 1 and S equaled the amounts maturing on
The new legislation has continued the existing
those dates and the weekly offerings of $1.0 billion
on March 15, 22, and 29 equaled the respective
maturing amounts. The average rates of discount on
alternatives of paying Federal Income taxes on
the five new offerings were 1.390 percent for March 1,
Interest on Series E bonds currently, or In the year
In which the extended bonds mature or are redeemed,
1.1*06
whichever Is earlier.
for March 29.
low.
percent for March
S,
1.402 percent for March 15,
1,405 percent for March 22, and I.507 percent
—
Series E
Optional Extension of United States SavlngB 3onde
Tabls of Kedemptlon Values and Investjneut Yields Belatlng to Extended Bonds
Table for the 10 year eitenaion period shoving: (1) How bonds of Series E, by denomlnatlonfl , Increase In redemption
value during succosslve half-year periods following date of original naturl'-.y; (2) the approximate lnTestji»nt yield on the
purchase price from Issuo date to the beginning of each half-year period; and (3) aie epproiljnate InveEtment yield on the
current redeaptlon value from the beginning of each half-year period to extended naturlty. Yields arc expressed In ternfl of
rate percent p^r annum, compounded seolennually.
Extended naturlty value
Original maturity (or
April 1951
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In mlllloiia of dollars)
m
Ireasury Bullet.
BUDGET RECEIPTS AND EXPENDITURES
Table I.- Receipts by Principal Sources
(In mllllona of dollars)
Flacal year
or month
April 195/
BUDGET RKCEIPTS AND EXPENDITURES
Table 3.- Expenditures for National Defense and Related Activities
(In miniona of doUara)
Fiscal year
or month
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5,- "Other" Ebq>enditiires
April 1951
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Summary by Months and Years
(In millions of dollars)
Year
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act
-
Budget Receipts and Expenditures
(In niUlaos of dollars)
riecal year
or month
April 1951
BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Railroad Retirement Act
-
Budget Receipts and Expenditures
(In millions of dollars)
Fiscal year
or month
.
,
.
Treasury Bulletin
.
Table
1.
TKUST ACCOUNT AND OTHER TRANSACTIONS
.
Suimnary of Trust Account and Other Transactions
(In nlUloDs of doUare)
Truflt accounts, etc.
Net of
truflt account
and other
tranfiactiCQfi
l/
Ezpendlturee
(other than
Het receipts, or
expenditures (-)
Inveetiaenta)
191*3
191* »*
19*»5
19^
191*7
191*8
191*9
1950
1950-Jvay
,
AugxiBt
October.
November.
December.
.
.
.
,
. .
.
3,oou
3,857
3,a2U
6,950
3,060
2,311
6,669
7,311
8,620
"•,797
5,1'*5
3,160
327
726
957
1.1*9
U92
681
379
361
322
383
3,361
U,78o
7,5W«
3,238
2,619
-29U
-U95
99
2,658
1,890
-281
6,515
2,5lU
3, '•75
-99
11.7
September.
593
305
-U58
U,U7U
3,625
-338
-2,222
791
-52U
-1,103
1951 (EstlJMited),
1952 (Eetlmated),
-27
-17
169
Net redemptions, or selIss (-),
of securities of Government
Net inveatmente of
agencies In the market 2/
Government agencies in
public debt aecurlties g/
Not guaranteed
Guaranteed
3,95'>
5,085
7,086
7,712
6,2l»l»
y
5,7111
599
2,683
1,276
160
387
l»,129
5,200
3,668
3,362
190
277
-66
-28
16
1.6
-lt02
-3W.
-170
3,171*
335
351
11.8
192
Jt/
1.27
1951-Jonuftry ....
Febriiary . . .
209
Source: Actual figures frco Daily Treasury Statement; eetijiiatee baaed on
1952 Budget document. Including effect of proposed legislation.
1/ Kxceae of receipta, or erpendituree (-),
2/ Consists of transactions which clear through accounts of the Treasurer
of the United States.
^
h/
•
Excludes Foreign Economic Cooperation Trust Fund (a
and Expenditures", Table 2),
See Tables 3 and U.
Less than $500,000.
Table 2.- Trust Account ftecelpte
(In minions of dollars)
"Budget Becelpte
April 1951
.TEUST ACCOUNT AM) OTHER TRANSACTIONS.
Table 3.- Trust Account Expenditures Other Than Investments
{In mllllona of dollars; nagatlre figures are eioeea of credits)
Treasury Bulletin
.TKUST ACCOUMT AMD OTHER TRAHSACTIOHS.
Table 5,- Federal Old-Age and Survivors Insurance Trust Fund^
{In mlUlonfl of dollars)
Fiscal
year
month
)
April
mi
.
'CRUST
ACCOUNT AMD OTHER TRAHSACTIONS.
Table 7.- Unemployment Trust Fund
(
Fiscal year
or month
In
milHone of doilare
..
,
I
,
Treasury Bulletin
12
TREASURY CASH INCOUE AND OUTGO.
Table 1.- Smmary of Cash Transactions
(In millions of dollars)
Cash operations other than borrowing
Cash operatli^ outgo
Cash operating JTV.met
Cash
budget
receipts
Cash
budget
expenditures
Cash trust
account
receipta
22,137
I9W1
WltS
191^
19'n
'•3,925
''5,519
WltS
Ul,80li
3,595
19l»9
38,11.5
3, '.83
1950
36,925
l.,0'46
1951 (Est.)...
1952 (Est.)...
U4,270
55,019
5,061
6,301
1,81.7
263
666
267
2,110
2,862
3,52'.
2,1.22
865
373
639
320
2,1.26
1950-Juljr
l.,721
38,902
'.,937
39,881*
3,707
25,171.
'.7,861
50,21.0
'•3,839
'•3,591
'•,316
3,270
1,026
1.5,1.00
32,1.82
2,91.1.
563
Ul,628
liO,970
37,517
36,977
3,326
6,868
".9,331
l.l.,l.71
Clearing
account for
outstandii^
Incone,
or
outgo {-)
checlcs, etc.
-555
507
-366
-U83
Net cash
xncreaeo,
borrovlng.
decrease (-),
in General
Fund
borrowing balance
(-)
6,515
10,662
77
1.9,1.71.
-17,899
6,659
'.,529
-10,1.60
-19,389
78
302
60
36,1.96
1.0,576
'.3,155
8,903
1,051
-2,185
-7,280
-2,513
l,62li
-1,1.62
11,231
2,01.7
'.9,U8
-228
12,730
-17
7,1.39
-10,930 J/
312
W.8
352
3,1'.3
-1,032
3,009
3,199
51'.
16
170
2,767
1,666
-1,3'»7
-1,017
685
319
3,013
3,032
3,597
-1,359
3,1.87
l.,U88
320
355
2,053
1951- January .
February.
I.,1.19
U,696
209
l.,877
30, 1^75
-909
72
-1.50
3,''15
-78
-6
l.,00l.
1.85
-392
93
3,1«55
3,1.38
3,150
3,522
1,259
1,356
27,061.
3,1.11
-3,51.5
-135
21.,
306
3,335
2,590
fl'oni
oierclae of
monetary
authority 2/
60,250
56,757
7't,050
It,
Net recelpte
-1.4,91.5
-53,735
5,1W.
61,320
Homorand. UD
-1.6,095
78,909
93,956
95,18U
61,738
36,931
213
-12,730
October.
Not amber.
December.
3, ''7'.
111
-768
57,1.22
2,857
U,598
It,
95,952
93,81.5
33,190
August, ,.
September
2,81.8
l.,l68
Exchange
Stabllllatloa
Fund 1/
78,1.2U
19'»3
3,037
3,936
Cash trust
account
expondl-
Net cash
operating
29
Consleta of sel^lorage on silver and Increment resulting from
reduction In weight of the gold dollar. This item le part of the
cash budget receipta ehovn In these tables, but le excluded frcm
the 1952 Budget document figures for "Receipts from the public".
In addition to this decrease In the General Fund balance, the Exchange Stabilization Fuial vaa dravn down by $1,600 million for
eubecrlptlon to the capital of the International Monetary Fund.
Actual flguree are baaed on Dully Treasury Statement; estimates are
Source:
based on the 1952 Budget docianont. Including effect of proposed leglelatloa
For April 2, 1951, revision of eetljuated net
OS outlined In Budget detail.
budget recelpte and toted budget eipendltxiroB, see page 1, footnote 5.
1/ The U. S. subacrlptlon to the capital of the International Monetary Fund was
paid In part from the Exchange Stahilir-ation Fund (see "Treasury Bulletin"
for September 191*7, poge 17).
Table 2.- Derivation of Cash Budget Receipts
(In millions of dollars)
Net
budget
recelpte
1/
:
19I.3
22,202
19U
1.3,892
13U
I9I.5
891.
19l'6
U.,762
UO,027
19'.7
U0,0l.3
19l»8
1.2,
19l^9
2U
38,21.6
1950
,
37,OU5
Less:
Noncash
Itetas deducted
f2>cm budget
receipts
profits tax
refund bonds 2/
Plus
Noncash budget
:
Payments to Treasury by Gcrremnent egenclae
Repayment of capital
stock and paid-in
surplus
^
Re Imbursement
for
admlnls tra t Its
expenses U/
budget
receipta
22,137
-970
-39
-10
-U
-1
1.3,925
'•5,519
136
155
120
38,902
39,884
270
38
396
96
U9
1951 (Zst,)...,
1952 (Est.)...
1.11,512
21.1
55,138
U9
1950-July
August. .
September,
1,881
2,860
152
75
41,804
38,145
36 ,-925
44,270
55,019
1,01.7
l.,605
2,857
4,598
October
November.
2,056
2,851
2,053
2,848
Deoeonber,
l.,211
l.,l68
1951- January ,
February.
4,1.1.8
4,419
4,209
.
.
k,257
Source:
(Sams as Table 1).
1/ See "Budget Receipts and Expendlturee" , Table 1.
2/ Deduction frcm budget receipts of the tax refunds represented by these
bonds is treated as a noncash deduction at the time of issuance of the
bonds and as a cash deduction at the time of redemptlcn of the bonds
(see Table 5); net iseuance, or net redemption (-).
2j By Goremment corporations not wholly owned.
By Federal Old-Age and SurrlTore Insurance Trust Fund through
October 1948. Thereafter Includes also transfers from Railroad
Unemployment Insurance Account to Railroad Unemplcyment Administration
Fund (see "Trust Account and Other Transactions", Table 7), and relmbui-eonent by the District of Columbia.
Less than }500,000.
April
mi
13
TREASURY CASH INCOME AND OUTGO,
Table 3.- Derivation of Cash Budget Bxpendftures
(In millions of dollars)
Treasury Bulletin
Ik
TREASURY CASH INCOME AND OUTGO,
Table 5.
Derivation of Cash Borrowing or Repayment of Borrowing
(In mllllona of dollars)
Fiscal year
or month
GENERAL FUND OF THE TREASURY.
Table 1.- Status of the General Fund
(In millions of dcllare)
End of fiscal
year or month
.
Treasury Bulletin
16
DEBT OUTSTANDING
Table 1.- Suimiary of Federal Securities
(In mllllona of dollars)
End of
fiscal
year or
msnth
April 1951
17
DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In
End of
flaoal
year or
month
ii]J.lllons
of dollars)
Treasury Bulletin
18
DEBT OUTSTANDING.
Table 9.- Interest-Bearing Securities Guaranteed by the United States Government^
(In mllllans of dollars)
Enl of fiscal
7ear or aonth
April 1951
19
DEBT OUTSTANDING.
Table 7.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounta In millions)
End of
fiscal year
or month
.
Treasury Bulletin
DEBT OUTSTANDING
Table 0.- Public Debt and Guaranteed Securities Outstanding by Months
(End of monUv, In nllllooB of aollare)
Public debt
17,616
20,802
25,068
28,U76
30,516
18,126
20,935
26,052
28,;e6
30,520
18,507
21,362
26,158
28,817
31,lt59
1937
1938
1939
19
3U,502
Sit, 601
3lt,728
37,">53
37,633
39,859
37,556
39,985
19'tl
lt5,877
lt2,365
lt6,O90
ua.Siio
117,173
19''3
60,012
111,069
170,659
1932
193J
193''
1935
1936
W
39,631
U2,U0
19,lt67
19,612
22,539
27,053
28,701
33,779
22, 61c
31,lt25
19,037
21,853
26,155
28,638
31,636
311,9^1
35,213
36,lt25
37,510
37,ll22
li0,28E
lt2,803
li7,721
37,165
36,716
37,191
18,597
2i,ltlll
26,118
28,668
ltO,063
lt2,658
lt7,231
l81t,715
232,1108
183,107
233,707
6Jt,96l
129,8lt9
l8lt,967
£78,887
279,211t
233,950
276,012
235,069
273,898
68,571
135,913
186,366
238,832
272,583
259,776
26l,ltl8
259, 12 It
257,701
258,3113
19l»8,
256,57't
2511,605
252,990
252,2ltO
19''9.
252,620
256,865
256,125
252,721
256,368
251,6Jt2
255,72lt
251,530
255,718
252,236
251,889
256,350
19'i't
1950-
1951
62,381
62,lil9
U't,02ll
115,507
I>0,'ilt0
lt2,968
lt8,96l
27,189
29,123
33,ltltli
liO,66l
li3,771
lt9,513
6u
20,806
23,051
27,190
20,813
23,050
27,lS8
23,531*
£9, 1*21
29,1,6:;
29,631*
33,833
33,833
33,791.
36,875
38,393
36,956
37,091*
38,'t23
38,603
lt0,858
1*1,036
1*1,305
't3,905
Wi,073
'*1*,137
W*,273
50,921
51,31*6
53,581.
55,01*0
92,901*
I65,0lt7
96,116
166,158
215,005
20,067
23,099
27,080
29,033
33,380
20,
37,01.5
37,593
'to, 891
27,299
72,lt22
77,136
81,685
86,lt83
136,696
201,003
258,682
269, U22
lltl,52U
208,571*
262,Olt5
llt4,059
209,802
263,001
158,3119
209,1196
268,270
267,5116
262,020
265,369
210, aUt
261,817
263,532
258,286
252,292
252,770
257,357
259,ltli8
260,097
259,11*5
259,071
253,37lt
253,0119
252,1*60
253,877
255,852
257,51tl
257,87lt
252,687
256,680
257,216
256,778
256,937
258,212
252,506
256,982
257,077
265,31*2
262,277
255,9111
Guaranteed securities 1/
1932^
1933.
1935.
1936.
1937.
1938.
1939.
I9U0.
19'tl.
19't2.
295
3,589
325
3,660
1*23
681
1,06U
U,205
2,596
18
2,823
U,li6o
U,630
U,65l*
It,
718
'*,369
't,667
l.,1.21
'*,72l*
1,615
U,2U8
U,669
1,875
3,728
U,703
li,123
l*,676
U,667
U,662
U,662
lt,662
It,
662
l.,660
U,66o
l*,665
It,
703
1*,633
'',633
U,63lt
lt,61*U
U,61*6
U,61*6
U,61*6
U,6U7
1»,852
1*,853
5,06U
5,015
5,009
1*,993
U,987
5,699
5,915
5,1*10
5,1*10
5,1*10
5,1*09
5,V50
5,1*80
5,1*89
5,'t56
5,673
5,9111
5,663
5,916
5,657
6,560
5,535
6,371
5,529
6,370
5,526
6,939
5,813
6,937
5,808
6,937
5,001
5,W.8
5,810
6,938
5,690
5,688
568
100
1,623
'*,58l
l',592
lt,57l.
'.,265
U,26li
1*,372
2,271*
5,687
It, 091
1,669
1,171
552
I*,
1*,360
It,
3,791
1,565
505
333
3,91*1
3,971
1,568
It,
U,l60
1,533
3T9
51.5
1*00
119
1,563
558
386
3o
55
26
79
51
76
50
83
52
89
57
27
29
28
16
18
19,612
22,610
20,
180
310
3.300
3,1*80
lt,562
19'»3.
It,
5,703
291
5,696
U,287
19Wt,
1*,275
l*,233
19''5.
19''6.
1,530
558
1,1U.
551
15I17.
270
188
WltS,
77
36
19'»9.
2,278
1,1W.
1,155
553
5Wt
79
182
78
178
75
26
2lt
21.
23
22
1950,
r951.
177
75
23
20
1*33
1*76
90
73
27
20
1,566
531*
5,708
5,919
6,321*
553
370
Total Federal securities
27,731*
32,821*
33,1*97
28,251*
33,328
38,168
20,067
23,099
28,695
33,280
38,049
39,873
Ul,089
1.1,1.19
Ul,678
1.2,157
1.2,271.
1.2,255
1.5,395
1.8,203
'•5,'*73
1.5,691
1*2,017
1*5,890
'•8,315
1.8,31.3
1*8,1.97
1.2,608
116,380
1.9,718
18,126
20,935
26,232
32,006
35,150
18,507
21,362
21,1J.1
26,1.53
26,lil.3
1935.
1936.
17,3l6
20,802
25,378
31,776
35,078
32,U06
36,113
32,328
36,101
19,037
21,853
26,578
32,367
36,339
1937.
193S,
1939.
39,l6lt
1.2,099
l.U,6lO
39,263
39,390
39,601
1.2,279
1.5,269
1.2,202
19l'0,
1.7,809
U8,038
1932.
1933.
18,597
19,1*87
22,539
1.6,11.1
19*1.
51,792
52,001.
53,0«9
53,791
5U,092
55,332
1.9,297
56,1152
19'»2.
65,715
68,077
118,311
187,339
68,109
119,867
186,993
70,6lt9
76,991
81,717
131*, 221
19'tl'.
^,933
l87,2Ul
7U,258
lUO.OO*
188,035
191'5.
233,938
236,221*
21*0,003
279,1.1.5
2311,851
279,761.
235,091.
19't6.
276,565
2711,1*1.3
273,135
19lt7.
260,01.6
261,606
256,651
252,656
256,892
2511,683
252,7117
259,306
253,068
251,666
255,7U7
257,880
252,315
251,553
258,521
WltS.
19''3.
19't9.
1950.
1951.
U5,36o
256,11.3
256,395
255,958
255, 7W
252, 3U
251,912
256,310
Source: Dally Treasury Statenent; Office of the Treasurer of the United States;
for guaranteed securities prior to July 191*2, Statement of Cootingent Liabilities.
1/ Obligations, issued by certain Gorerment corporations and other agencies,
vhlch are guaranteed by the United States as to both principal sod Interest.
57,858
6U
20,813
23,052
29,061i
29,781.
33,790
38,500
33,882
38,500
1*1,508
U3,l.02
1*1,590
1^,1*21*
1*3,
31U
U9,88l
58,283
I*6,li8lt
1*7,013
lt9,9U7
50,192
1*6,
11.8,000
267,9211
262,565
265,768
260,176
253,101
255,879
257,891
259,221
252,738
256,709
257,83*
259,155
252,513
256,805
256,959
258,376
252,366
252,798
257,377
259,528
253,1.29
253,902
257,»7
5?6
258,301
252,563
11.5,316
210,138
262,550
268,603
211,061.
1*1,738
61,361.
11.0,796
211,369
263,535
38,1*56
100,380
170,318
216,537
265,894
202,626
259,115
269,898
91,057
162,321
3"*, 091.
60,522
97,169
169,166
211,807
262,376
263,918
86,277
20,806
23,552
30,122
23,051
262,61.6
257,
ou
257,100
Such obligations vers first authorlted In 1932. Prior to
September 1939, the figures represent principal shown as a contingent
liability of the United States; beginning September 1939, they represent principal outstanding, both matured and uimatured. Guaranteed
securities held by the I^asury are excluded.
:
.
.
April 1951
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, aa amended,
(
3I U.3.C.
757 b), provides that the face amount of obligations Issued
and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed 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 of the owner,
are Included In the statutory debt limitation at current
redemption values.
Table 1.- Status under Limitation, February 28, 1051
(In nllllons of dollars)
amount of eecurltlee vtalch ioa7 be outatandlng at any
of June 26, lgU6 Ql U.S.C. 757 b)
K&zlJiium
'
time, under limitations Impoeed by the act
Amount of Becuritiee outstanding subject to such statutory debt llmjtatlonr
U. S,
Goremment securities issued under the Second Liberty Bond Act, aa amended.
Guaranteed eecuritles (excluding those held by the Treaaury)
Total amount of securities outstanding subject to statutory debt limitation
Balance leeuable under limitation.
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding February 28, 1051
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Rot subject to
statutory debt
limitation
Total
outstanding
Public debt:
Intereet-beerlng securities:
Marketable:
Treasury bills
Cp'*tlf testes of Indebtedness
Treasury notes
Treasury bonds - bank eligible
TresBury bonds - bank restricted l/...
Postal savings and Panama Canal bonds.
Total marketable.
13,632
13,632
•3,808
Ml, 398
U9,636
U3,8os
A, 398
151, U68
Nonmarke table
U.S. savings bonds (current redemptlo
Treaaury savings notes
Depositary bonds
Armed forces leave bonds
Treasury bonds. Investment series....
Total noiraarketable
119,636
156
156
156
151,625
57,769
8,730
29U
78
953
57,769
8,730
67,aau
67,821*
291*
78
953
E]}eclal issues to Government agencies and triist funds.
156
Total interoBt-bearlng eecurltlee
253,382
Matured securities on which Interest has ceased.
Debt bearing no Interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund eerles
International Bank for Reconstruction and DerreloiUBnt aerlee..
United Statee notes (lese gold reserve)
,
Deposits for retirement of national bank and Federal Beserve Bank
Other debt bearing no interest
1*8
3
1,270
191
3U0
1,857
Total debt bearing no interest.
255,2Wi
Total public debt.
Guaranteed securitiee:
Total guaranteed eecurltlee
255,262
Total public debt and guaranteed eecurltlee
Source:
Bureau of the Public Debt.
1/ IBB SB which commercial banks may not acquire prlo
to specified dates
2/
255,958
(vith minor exceptions); see "Debt Outstanding", Table 3, footnote 1.
Excludes guaranteed eecurltlee held by the Treasury.
Treasury Bulletin
22
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding February 28,1951-^
(In mllllonfl of dollara)
Aaount of Bsturltle
Callable lesuei
classified by
year of:
Description of security 2/
rinal
maturity
Amount of aaturltles
Date
bank restricted
Issues
becoBB
bank
eligible
Year
Description of security 2/
Bocth
Fixed
maturity
Callable Issues
claaslfled by
year of:
1/
195l»
1951
Mar..
BUls
5,212
Ajir..
Blllfl
U,008
Ma;..
snifl
-
U.Ull
Bond
2*
2-1/1** Bond
-
6/15/52-51.
6/l5/51;-56
2*
Bond
-
12/15/52-5I'
2-3/lt» Bond
-
6/15/51-5't
1.627
1-lA* Note
1-lA* Note
1-lA* Note
-
7/1/51-B.
7/1/51-C.
7/1/51-D.
2,71*1
Aug..
1-lA* Note
-
8/1/51-E.
5,351
Sapt.
2*
Bond
Bond
-
9/15/51-53
9/15/51-55
1-1 A* Note
1-1 A* "oto
-
Hot.
1-lA* Note
-
11/1/51-0.
Dec.
2-lA*
-
12/15/51-53
12/15/51-55
July.
3*
-
-
10/1/51-A.
- 10/15/51-F.
3/15/5U.A.
3/15/52-5^
Mar.. 1-3/8* Note
2-1/2* Bond
l.,8l8
1955
7,986
755
Mar., 1-1/2* Note
2-7/8* BoM
3/15/55-A.
3/15/55-60
2-lA* Bond
Bond
Bond
-
5,9''l
2*
Bond
6/15/52-55
6/15/53-55
1,118
510
Dec.
2*
Bond
Note
12/15/51-55
12/15/55-B.
te.lfiT
1,501
725
9/15/51-55
I-3A*
Total
2,611
1,918
Sept,
2*
5,825
l.,675
Total
886
1,021.
6,85U
10,370
12,219
2,611
1956
Mar
Sept.
2-1/2* Bond
-
3/15/56-58
2-1/1.* Bonl
-
6/15/5I1-56
2-3A* Bond
2-lA* Bond
-
9/15/56-59
9/15/56-59
l,Ui9
3,823
1952
Mar..
2-1/2* Bend
3/l5/52-5'>
l,02li
Bond
Bond
6/15/52-5I'
2-lA*
5,825
1,501
2i
Bond
2f
6/15/52-55
-
6,253
1958
12/15/52-5^
Total
Mar.. 2-1/2* Bond
-
3/15/56-58
2-3A* Bond
-
6/15/58-63
June
1,U9
1,U»9
1959
1953
June.
2^
Bond
6/15/53-55
Sept.
Si
Bond
9/15/51-53
7,986
Deo..
2-lA* Bond
12/15/51-53
1,118
Total
June
2-lA* Bond
Sept
2-3 A* Bond
2-lA* Bond
9/15/56-59
9/15/56-59
Dec
2-1 A* Bonl
12/15/59-62
6/15/59-62
5,281i
3,823
3>70
9,10li
Total
Tbotnotea at end of table
-
(Coatlnuld on following pa^)
8,751.
l.,eoli
.
.
23
April 1951
DEBT OPERATIONS.
Table I.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding February 28, 1051 ^(Continued)
(In millions of dollars)
Affisunt
Year
and
month
Description of oeovarlty 2/
Fixed
maturity
Issues
of maturities
Callable Issue
classified by
year of:
Final
maturity
Amount of matxnrlties
Date
banlc re-
stricted
Issws
beccrae
bank
eligible
Tear
and
Description of security 2/
month
Fixed
maturity
Issues
Callable Issues
classified by
year of:
Final
maturity
i/
Data
bank restricted
Issues
becGoe
bank
eligible
i/
1966
i960
Har...
2-7/8* Bond
-
3/15/55-60
Deo.
2-3A* Bond
-
12/15/60-65
..
Total
2,611
2-1/2* Bond
-
3/15/66-71.
3,1.81
June.
2-1/2* Bond
2-1/2* Bond
-
6/15/62-67.
6/15/67-72.
7,967
Sept.
2-1/2* Bond
-
9/15/67-72.
2,716
Deo..
2-1/2* Bond
-
12/15/67-72.
Mar..
12/1/5I.
1,1.85
1,1.85
2,611
1967
1961
Panama Canal bond- 6/1/61
J\me.,
2,118
12/15/62
11,689
22,372
Total
5/5/52
6/15/62
2,118
1962
June.
2-l/U* Bond
2-l/2it Bond
-
6/15/59-62
6/15/62-67
2-l/lt* Bond
-
12/15/59-62
5,281.
6/15/52
5/5/52
3,1.70
12/15/52
2,118
2,118
1968
2-1/2* Bond
-
12/15/63-68.
2,831
12/1/52
June.
2-1/2* Bond
-
6/15/61.-69.
3,761
1./15/53
Dec.
2-1/2* Bond - 12/15/61.-69.
3,838
9/15/53
Dec.
8,751.
1969
1963
Total
June.
Bond
6/15/58-63
2-1/2* Bond
12/15/63-68
2-3/h'f,
2,831
12/1/52
2,831
Total
1970
2-1/2* Bond
-
3/15/65-70.
2-1/2* Bond
-
3/15/66-71.
JuDd.
2-1/2* Bond
-
Sept.
2-1/2* Bond
-
2-1/2* Bond
-
12/15/67-72.
Mar.
2/l/5k
1961t
June,.
2-1/2* Bond
6/15/61.-69.
3,761
"t/15/53
Dec.
2-1/2* Bond
12/15/61.-69.
3,838
9/15/53
..
1971
Har.
Total
3,1.81
12/l/5lt
6/15/67-72,
7,967
6/15/68
9/15/67-72.
2, 716
7,599
197s
1965
Mar..
2-1/2* Bond
3/15/65-70.
2-3/1.* Bond
12/15/60-65.
2/1/5"*
1,1.85
Dec.
Total
Total
5,197
11,689
12/15/62
22,372
1,1.85
Source: Dally Treasury Statement and Bureau of the Public Debt.
1/ Excludes postal sarlngs bonds.
2/ It should be noted that callable Issues appear twice In this coluan,
onoe In the year of first call and again In the year of final maturity. Callable Issues vltb respeot to which a definite notice of
call has been made, hovoTer, are listed as fixed maturities. For
2/
date of Issue of each security, see "Market Quotations"; for tax
status, see "Treasury Surrey of Ownership".
Bank r«8trlcted IseiKs may not be acquired by convrclal banks
(with minor exceptions) prior to specified dates; see "Debt Outstanding" , Table 3 , footnote J )
Treasury Bulletin
2U
DEBT OPERATIONS,
Table 2.- Offerings of Treasury Bills
(Dollar aiBounte In Billions)
leeue
date
April 1951
25
DEBT OPERATIONS.
Table 3.- Offerlnfrs of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Treasury Bulletin
26
DKBT 0PERATI0K3.
Table 4.- Dlepoeltlon of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
Date of
refuodlnf
or retl resent
April 1951
27
UNITED STATES SAVINGS BONDS.
UDitsd States saTlngs bonds were first offered for
sale In March 1935 and began to mature In Mar oh 1915.
Series A-D were sold from March 1933 ^o April ISKl.
Series E,
F,
and S hare been on sale since
Majr 1, 19')^1'
For Information on the terms and conditions of these bonds,
see 'Treasury Bulletin" Issues for December 19^7, page 3I
and October 19^5, pages k-k and A-5.
In addition to the Information on savings bonds
operations which appears each mopth, data by denominations
and dollar sales by States are published at less frequent
Intervals but are shown on a monthly basis.
Series A-F sales are shown at Issue price and total
redemptions and amounts outstanding at current redemption
values.
Series
Is shown at face value throughout.
Matured bonds which have been redeemed are Included In
redemptloms. Matured boBda outstanding are included In
the Interest-bearing debt until all bonds of the series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through February 28, 1051
(Dollar Qmo'onts In millions)
Series
,
Treasury Bulletin
28
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptlona of Series A-D, B, F, and G by Periods
(In ml
1_1
Innn of dollars)
Radsmptlons 2/
S&les plus
accrued
dlecount
3,9^9
96
103
106
107
110
291
3,9'«9
9h
100
105
107
109
108
86
11,195
»1
92
96
103
106
107
110
101
68
U,2U0
94
100
105
107
109
108
^
Int«roetbearlng dabt
Sales
prlca
3,601.
572
82
72
79
117
2U2
370
393
530
812
1'.3
309
hse
516
703
1,081
3,608
3,625
3,585
3,365
2,968
2,543
1,927
895
25
67
113
269
6l5
637
81
78
226
390
U8l
576
U7
87
Ul<
139
Ul
87
122
I136
631
765 P
207
258 p
203
229
3,603
3,616
3,638
3,477
3,148
2,742
2,250
1,440
437
87
81
77
850
796
759
72
69
229
710
664
437
7t
70
179
302
367
US
U8
32
k2
37
52 p
II46
89 P
65 P
Serlsa S, ?, and G
664
5,995
664
5,993
11,789
15,498
14,891
9,612
7,208
6,235
7,141
5,673
2,537
9,157
13,729
l6,04U
12,937
7,427
6,694
7,295
5,833
6,074
36
U,a24
127
284
467
583
694
826
977
15,625
15,175
10,078
7,791
6,929
7,967
6,650
74
195
379
533
633
764
896
1,058
417
350
310
971 4/
436
541
y
y
475
386
Pootnotas at end of table
80
U8
75
760
2,292
4,156
75
760
2,286
6,408
6,337
4,954
l.,134
5,063
4,597
4,365
4,342
4,453
4,191
4,133
14
245
1,502
3,251
5,293
5,941
4,522
4,404
4,077
4,558 p
14
71
109
144
174
209
2,537
9,169
13,804
16,239
13,315
7,961
7,327
8,059
6,729
7,133
246
1,504
3,263
5,332
6,038
4,645
4,568
4,263
4,817
526
429
395
449
473
433
428
444
409
1,048
517
659
440
398
440
412
374
415 P
28
592
467
533
506 p
419 P
27 P
U3
(Continued on follovljig
pa^)
12
39
97
1^3
l64
186
259 p
664
6,584
17,648
30,981
42,000
45,670
48,398
50,730
54,333
56,641
2,524
11,447
23,746
36,723
44,706
46,628
49,311
52,801
55,267
57,583
56,718
56,674
56,637
25
25 p
24 p
57,245
57,363
57,583
57,642
57,665
)
April 1951
29
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods - (Continued)
(
Sales
plus
accrued
discount
Salea 1/
203
3,526
3,271
U,a20
U,553
6,739
li,287
U,026
1»,278
3,528
118
265
k3k
536
633
753
3,993
1,11*5
5,989
10,3ltU
12,380
9,822
U,U66
U,085
li,22l»
U,208
3,668
318
270
2UU
271
21(6
28U
31*3
272
Dollar amounta tn ml lllons
U93
579
Redemption 2/
Sales
price
^Unount
outstanding
( Interestbearing debt)
Percent of m
redemptions
to Qmount
outstanding
:
Treasury Bulletin
30
UNITED STATES SAVINGS BONDS.
Table 3.
Sales and Redemptlone of Series A-D, E, F, and G by Periods
(Continued)
(DoULar amounts in milllcas)
Sales 1/
Sales
plus
accrued
discount
Redeioptions 2/
Sales
price
395
2,032
2,759
2,8t6
2,658
395
2,032
2,759
2,876
2,658
IS".
131.
220
220
2,1.65
2,1.65
31.8
31.8
2,561
1,907
2,390
l,Wt9
2,561
1,907
2,390
1.69
1,UJ.9
566
619
621
5,119
7,861
10,299
12,Ul6
li.,508
566
619
621
15,850
17,621
18, 1.1*8
1,183
181
3,669
6,221
8,931
261.
U,l86
1.26
13,397
15,152
17,108
17,887
2,891
2,520
2,637
2,267
2,573
181
26U
U26
512
618
618
1,392
1,990
613
682
613
682
512
19,191.
18,1.75
18,1.86
l8,U79
y
y
.32
.32
.35
555
153
197 i/
555
153
197
18,973
19,065
.32
.32
19,191.
.35
115
97
115
97
19,21.3
.3I'
19,278
.32
Source: Dally Vreaaury Statement; Office of the Treasurer of the U. S.
1/ Beginning with June I9I.7, Series E ealse include unclassified sales
consletii^ of Series £, F, and G. The amounts are substantially lees
than the sales reported as unclassified in the Daily Treasury Statement.
The greater part of that item consists of sales for which information
is available as to ths series but not the year of issue.
On tbs basis
of that information such sales are included in this table according to
series. Prior to June 19l*7, it was possible to distribute by ssries
all soles reported ae unclassified in the Daily Treasury Statement.
2/ Series E redemptions include 'jnclaesif led Series A-D redemptions beginning with October I9I4I., and also unclassified F and G redemptions,
beginning with June 191.7.
Includes both matured and unmatured bonds; see Table U.
Includes sales resulting fixm special offering of Series F and Series G
i
391.
2,61.0
87
70
58
Percent of
redemptions
2,l.lll
1,185
2,516
1,185
2,516
2,6Uo
2,891
2,520
2,637
2,267
2,573
1,392
1,990
Amount
outstanding
(Interestt^earlng debt)
to certain classes of institutional investors in excess of regular limitations (see "Treas'jry Bulletin" for September 195^, page A-1). Thess sales
were as follows ( In millions of dollars )
April 1951
31
TREASURY SAVINGS NOTES,
Treasury savings notes (originally designated tax
from August 1, igta, through June 22,
19'<-3;
Series B from
or redemption values of Series A and B, see "Annual
Report of the Secretary of the Treasury" for 194^2, pages
207 and 220, and for sales and redemptions by fiscal years
through September 12,
19'*-2;
Series C from
and months, see "Treasury Bulletin" for February 1946,
savings notes) have been Issued In four series:
August
1,
September
1941,
IM-,
igte,
through August 3I,
igl^S;
Series A
and Series D
on continuous sale beginning September 1, ig^g.
pages
14-2
and
M-J.
Details
concerning terms and conditions for purchase and redemption, and Investment yields of Series D notes vdll be found
In the "Treasury Bulletin" for October 13^8, page A-1,
and
September 19^9, page A-1. Similar Information concerning
Series C notes will be found In the "Treasury Bulletin" for
October 19^5, pages A-4 and A-5. For details concerning
terms and conditions. Investment yields, and tax payment
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (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 idilch Interest has ceased.
Table 1.- Sumnary of Sales and Redemptions by Series, Cumulative through February 28,1051
(In millions of dollars)
Series
Treasury Bulletin
32
OWNERSHIP OF FEDEPIAL SECURITIES,
Table 1.- Dletrlbutlon of Federal Securities by Claseee of Investors and Types of Issues
(In millions of dollars)
End of
fiscal
year
or month
U5
9
t5
. .... , .
,
17
3U
3
.
8
1
7
8
6
3
3
9
April 1951
33
OWNERSHIP OF FEDEFIAL SECURITIES.
Table 3.- Bstlnated Ownership of Federal Securities by Bank
and Nonbank Investors
(Par values 1/ In
MHigni
of dollarB)
Held by bajika
Total
Federal
securities
outetSAd-
Conine re lal
banks J/
Uig 2/
1939-December.
Held by nonbank Inrestors
Individuals U/
Federal
Beeerve
Banks
Mutual
Insurance
companies
2.5
savings
banke
US.
50.9
18.6
19.5
igltl- June
55.3
6U.3
21.8
23.7
77.0
112.5
28.7
26.0
1*7.3
1*1.1
1U0.8
170.1
59.1*
81.
71.5
98.7
202.6
232.1
1*6.0
96.5
119.3
135.6
52.9
31.2
36.2
259.1
278.7
106.0
115.0
81t.2
21.8
90.8
21*.
153.1
163.6
58.9
63.7
1*0.7
1*2.9
20.7
279.0
269.9
259.5
116.7
108.2
97.9
93.8
22.9
23.8
23.3
163.1
161.7
161.6
63.7
63.0
63.8
1*3.3
20.1*
21*.
1*3.5
1*U.2
19.5
19.7
25.1
25.8
258.lt
91:9
91.3
166.5
165.7
66.0
65.3
20.5
19.1
167.0
65.1
65.3
65.5
1*6.9
65.1.
1*7.8
18.2
18.1
18.0
17.5
23.6
23.1
22.3
21.5
12.1
12.0
11.7
11.5
1*8.5
17.7
17.8
17.7
16.9
21.3
11.6
11.6
11.6
December.
19l»6-February (Peak)
June
December,
257.0
19k8-March
June
September.
December. ,.
19U9-Maroh
June
September
December .
251.7
252.8
256.7
257.2
.
.
1950- January
February.
March....
.
April.
May...
June..
,
.
253.1
65.2
3.6
3.1*
30.9
37.6
9.2
11.3
19.2
21*.
3.9
l*.9
1».5
10.1
11*.
16.9
11*.
7.3
8.3
16.7
18.3
27.0
28.0
29.1
30.9
21*.
7.1
32.8
21*.
7.3
31*.
11*.
7.8
7.8
7.8
7.9
35.0
35.8
36.8
37.3
7.9
8.0
8.0
8.0
37.7
11.1*
15.1
15.1
16.0
16.3
20.5
20.5
20.5
11.5
11.5
11.6
16.8
17.2
18.1
8.0
8.0
8.1*
39.0
38.U
37.6
11.6
11.6
11.6
17.7
18.1
18,3
8.1.
37.3
8.3
8.2
37.1*
18.8
19.5
19.5
8.3
8.3
8.2
38.0
38.1
38.9
19.9
8.1
8.1
7.8
39.0
39.2
39.2
7.9
39.6
U.8
166.1*
21.7
169.5
19.3
18.0
18.9
170.1*
8U.5
85.7
60.5
63.0
66.5
66.8
172.2
171.5
66.2
66.6
66.8
66.2
256.9
35.3
67.1*
81*
.2
66.
255.7
82.5
61..
171.6
172.2
173.2
66.3
66.6
66.6
1*9.1*
256.'»
17.8
17.7
17.6
1*9.7
16.9
17.0
16,9
255.7
83.0
83.2
83.9
65.2
65.8
65.6
17.8
17.1*
172.7
173.2
173.5
66.8
67.0
67.2
1*9.8
1*9.8
17.0
17.2
20.5
20.3
1*9.9
17.3
SO.l
6I1.6
18.0
175.0
175.5
175.6
67.1*
1*9.9
1*9.8
17.5
17.7
17.6
20,1
20.0
19.7
11.5
175.6
176.1
67.3
67.3
67.1
17.7
17.7
17.5
19.5
19.2
19.0
11.1
10.9
10.9
256. "»
18.3
.0
18.1*
81.7
62.1
19.6
Sl.3
Ol.O
62.1
19.3
61.3
61.6
19.7
20.8
61*
82.1.
59.6
171*.
67.5
67.3
1*8.8
1*9.
1*9.3
U9.6
1*9.7
U9.6
1*9.6
1*9.6
67.0
Dhlted States Bavlnga bonds, Series A-D, E, and F, are Included at
current redemption values.
Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treaaury.
Consiete of commarclal banks, truat companies, snd stock savings banks
In the United States and in Isrritorlee and island possessions. Figures
exclude securities held in truet departoants
Includes partnerships and personal troet accounts. Nonprofit institutions and corporate pension trust funds are IncliKLed under "Hiscellaneoua
investors"
Excl'jslve of banks and insurance companies.
Consists of trust, sinking, and Investment funds of State and local governments and their agenslee, and Tarritories and island poesesclcns.
21*.
6.7
6.5
6.3
166.9
167.1
1*7.6
5.3
6.5
11.1
11.5
23.3
1*7.1
19.1
21.7
9.6
10.7
23.1*
82.1*
Investanent
accounts jj
10.6
12.2
11.7
12.9
21.1*
8e.2
U. S.
Government
8.5
9.5
3.7
5.1*
17.8
23.7
62.1.
256.1
5/
1*0.6
61».6
1951- January p.
0/
70.0
68.7
State and
local
governaente 6/
3.1
3.2
62.5
257.0
257.1
256.7
U/
1*8.3
6.5
6.9
252.
October.
November.
December..
^
33.5
2.6
6.2
11.2
13.6
252.7
252.9
257.6
257.9
257.2
2/
2.2
2.3
2.6
2.8
20.9
July
August ....
September.
1/
71*.
29.9
31.5
65.1
257.'*
.
81*.U
^
6.3
19Uo-June
December
16.1
17.3
Corporatlona
20.8
20.5
20.5
11.1*
11.2
19.9
17.7
15.3
11*.
13.5
13.9
20.1
19.3
1*
38.3
39.1*
39.1*
37.8
Holdings by Federal land banks are Included under "Miscellaneous
Investors" instead of "U. S. Govemnent Investaont accounts" beginning with Juno 33, 191*7, since the proprietary Interest of the
United States In these banks ended June 26, I9U7,
Includes savings a;ii loan aasoclatlona, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and investments of foreign balancos and international accounts in this
country. Beginning with Dacember I9U6, includes investments by
the Ijitemational Bank for Reconstruction ajKl Developn»nt and
the International Monetary Fund in special noninterest-bearlng
notes Issued by tlie U. 3. Government.
Preliminary.
-
Treasury Bulletin
3"^
.TREASURY SURVEY OF OWHEKSHIP, JANUARY 31, 1951.
The Treasury Survey of Ownership covers securities
Issued by the United States Oovsrnment and by Federal
The banks and Insurance companies Included
agencies.
In the Survey account for approximately 95 percent of
such securities held by all banks and insurance companies
Data were first published for
the United States.
Maroh 3I, ig*!!, In the May 19'*1 "Treasury Bulletin".
In
Section
1
-
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank classes and nonmember banks Is published for June JO
and December 3I.
Securities Issued or Guaranteed by the United States Govenaent
Table 1.- Summary of All Securities
(Par values
Classification
Information on the distribution of ownership by types
of banks and Insurance companies Is published each month.
-
In millions of dollars)
April 1951
35
.TBRASasn StlRVET OF CMBRSHIP, JAHUART 31, 1951.
Section I - Securities Issned or Guaranteed by the United States Govemaent
Table 3. - Interest-Bearing Public Marketable Securities by Issues
Treasury Bulletin
36
.TREASUHY SURVEY OF OWHEPSHIP, JAHUABY 31, 1951.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Pax values
Issue
{Tax status 2/ 1^ shown In parenthesee)
-
in millions of dollars)
-
(Continued)
)
April 1951
37
.TREASURY SURVEY OF OWSERSHIP, JAHUABY 31, 1951.
Section II
-
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(
Issue
(Tax status £/ Is shown In parentheses)
Par values
-
in mlllione of dcllara
.
Treasury Bulletin
38
.MAFEET QUOTATIOHS, FKHRUARY 28, 1951Market quotations shown here are over-the-counter
closing quotations In the New York market for the last
trading day of the month, as reported to the Treasury by
the Federal Reserve Bank of New York.
listed In Section
I
The securities
Include all public marketable secu-
the only public marketable interest-bearing guaranteed
securities outstanding.
Section II lists the publlo
marketable securities Issued by Federal agencies but
not guaranteed by the United States Oovernment.
Dally
quotations for the securities listed In Sections
I
and II
rities Issued or guaranteed by the United States tJovern-
are published monthly in the Treasury Department state-
ment except those not regulsu-ly quoted in the market.
The issues excluded are postal savings bonds and Federal Housing Administration debentures. The latter are
ment,
Section
I
-
"Prices and Yields of Publlo Marketable Securities
Issued by the United States Government and by Federal
Agencies'
Securities Issued or Guaranteed by the United States Goveminent
Table 1.- Treasury Bills (Taxable)
Amount
outatandlng
(Mllllona)
April 1951
39
.MAPKET QUOTATIOBS, TEBRUAET 28, 1951.
Section
I
Securities Issued or Guaranteed by the United States Government
Table 3.- Tax-Exempt Bonds 2/
(Price decimals are 32nd8)
Amount
outstandins
(MllllonB)
Treasury Bulletin
1^0
.MARKET QUOTATIOHS, rKHRUAKY 28, 1951-
YIELDS OF TREASURY SECURITIES. FEB. 28.1951
Based on Mean
of Closing Bid
and Ask Quotations
April 1951
in
YIELDS OF TREA3UHY AND CORPORATE BONDS.
Table 1.- Average Yields of Long-Term Bonds by Periods
Treasury Bulletin
112
.YIELDS or TREASURY AND CORPORATE BONDS.
IS
Q
Z
o
GQ
UJ
O
Q.
cr
o
o
ii
UJ
UJ
CD
U-
O
O
_l
UJ
UJ
o
<
Ul
^
\
\
)
April 1951
^3
INTERNAL RE^/ENUE COLLECTIONS.
Table 1.- Sunmary by Principal Sources
(
Fiscal year
or month
In thousands of dollars
J^
Treasury Bulletin
MV
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
"
DOLLARS
DOLLARS"
DOLLARS
Billions
Billions
Billions
24Individual
Income Tax and
Corporation Income
Employment Taxes
ond Profits Taxes
22
20
18
16
14
I:
12
10
H
8
iiiiii
6
1936
4
2
1936
nil
•38
'40
'A
'42
44
46
^S
'50
'38
-40
'42
.
.
April 1951
^5
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Taxi/
(III
thousonde of doHers)
First 7 months of fiscal year
Seventh month of fiscal ye
1950
(January 1950)
Corporation income and
<
profits tay-es 2/.
Individual Income tax and employment taxes
Income tax not withheld
withheld taxes:
Incoras and old-o^e Insio'pjicy
Rallroati retirement
11,553,669
10,65't,351
6,233,6olt
^,
Total withheld taxes
56?
7,996,320
7,261»,332
3,1.18,037
U, 1.08,229
1,656,803
6,1.38,257
562,73'!
11,762,377
5U8,038
286,276
7,686,67U
285,915
781,366
1,366
12,305,387
15,310,U15
6,72li,533
7,972,588
762,732
66,31.11
67,^22
10,211,1.13
12, '.'.8,339
Total Individual income tax and omployn^nt taxes.
Capital stock tax
31.1.,
11,7'>2,653
Unemployment Insurance
Miscellaneous internal
5,268,867
297,1.57
:
19,797,883
28,752
1.855
35,357
33,81.7
892
3,391,81.7
2,1. 71.,
:
fjj
Estate tax
Gift tax
6,138
266
238
735,781
657,liUl
393,631.
368,609
1.8,561
60,757
1.8,785
8,01.2
11., 310.
2,500
121,773
1,276,175
33,793
126,310.
1,295,51.9
79,797
790,778
18,862
1,51.0
111,000
1,072,579
25,221
2,503
1.2,198
6,31.5
8,01.7
liquor taxes:
Dl8til!.ed spirits (Imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wlnee, cordials, etc. (Imported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
facturers of stills (special taxes)
Stamps for distilled spirits intended for
Case atampe for distilled spirits bottled
Contair^r stamps
Floor taxes
,
Fermented malt liquors
,
Brewers; dealers in malt liquors (special
US
2,
63,33't
30,069
2,600
70,001
8,791.
13,218
89,782
1,901.
198,1.22
l.,853
1^1,711
157
^,376
269
6,017
6,1.27
U8
108
manuexport..
In bond.
taxes)..
Total liquor taxes.
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes ( small)
Snuff
Tobacco (chewing and smoking)...
Cigarette papers and tubas
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.
Total tobacco taxes
9,973
6
375
11,907
20
9,860
9
6
8
738
11,825
1.61
733
7,098
5
667,1.11
2
7
686,368
395,1.37
391., 633
I*,h30
.,761.
3,21.7
3,219
76
2,210,601
2,219,196
1,31.5,772
1,667,183
15l.,536
'5,530
59
1.2,112
26,382
3,236
7
1,232,728
7,272
35,'i35
1,321,875
58
6
10,11.2
33
78
781
1.6,1.69
276,131
5
1.
1,21.2,81.5
721, "tOl
757,372
7,389
35,070
98U
l.,286
l.,26l
20,790
597
20,103
650
2,91.2
1,328,1.61.
772,666
808,806
109,313
125,821.
l.,l6o
l.,353
102,522
529
U8,632
665
3,000
79
Stamp taxes:
Bonds, issues of capital stock, deeds of
conveyance, etc
Transfers of capital stock and similar Interest
U6,667
26,880
17,910
23,823
7,561.
10,51.6
123
Total stamp taxes.
Footnotes at end of table.
72,828
(Continued on following pa^e)
11,633
5,700
81
Ul.,293
16,501
5,580
39
2,203
986
25
7,371.
8,1.31
Treasury Bulletin
1+6
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of Ckillectlons by Type of Tax^
-
(Continued!
(In thousoDds of dollars]
Flret 7 months of fiscal fear
Seventh oonth of fiscal jear
1950
(January I950)
I9U9
1951
(January 1951)
Mlacellanfloufl internal royenue (contlnuad):
Manufacturers* excise taxoe;
Lubricating oils
Gasoline
Tires and tubes
^
AutcDioblle trucks and buses
Other automobiles and motorcjclee
Farts and accessories for automobiles
Electrical energy
Electric, gas, and oil appliances
Electric light bulbs and tubes
Padlo Bets, phonographs, compononta, etc.
Phonograph records
Musical Instruments
Mechanical rofrl^eriLtore, alr-condltloners, etc. 6/
Matches
Business end store machines
Photographic apparatus
Sporting goods
Flreajias, shells, and cartridges
Pistols and revolTors
^
81,760
503,6'»7
150,899
136,797
332,812
120,138
79,3't7
90,935
26,172
U9,l6o
6,U83
9,293
77,833
8,738
33,3Wi
U3,lliO
19,81i6
10,379
810
Total manufacturers* excise taxes
Retailers* excise taxes:
Furs
Jewelry
Luggage
Toilet preparations
Total retailers' excise taxes
Mlscsllaneous taxes:
Sugar Act of 1937
Telephone, talesraph, radio, and cable facilities..
Local telephone serrlce
Transportation of oil by pipe line
Transportation of persons , etc
Transportation of property
Loaseo of safs-depos i t boxes
Admissions to theaters, concerts, etc
Admleaions to cabarets, roof gardens, etc
Club dues and Initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and procesu or ronovated butter, and
filled cheese
Oleomargarine, Including special taxes 2/
Narcotics, Including narihuarji and special taxes...
Coconut and other vegetable oils processed
National Flroaros Act
All other, including repealed taxes not shown
separately
Total in ;emal revenue collections
Adjuatzient to Dally Treasury Statement
Total receipts from Internal revenue (Dallj' Treasury
Statement )
1.3,378
31li,W.8
1.52,066
287,1.21.
88,733
53,81.1
85,701.
80,1.06
1.7,21.1
93, ''88
69,01.1
230
10,222
21,890
1.1.,
20,726
1.2,085
5,769
8,865
61., 316
8,875
30,012
39,931
18,969
9,351
U81
63,503
U,8I.9
10,835
3'.0,5l8
1.2,31.7
"•3,700
128,055
69,625
tol,236
68,018
52,687
68,173
15,197
ll.,063
16,750
15,992
1.8,11.1
3,028
1.,113
'.,977
6,087
51,669
6,167
29,806
5,581.
17,182
856
8,276
5,786
281
2'.,
1,836,053
8,979
37,376
6,808
6,531
7,321
977
3,699
629
803
2,30'.
198,081.
7,51.3
22,3«8
9,331
26,U38
9,620
12,255
27,31'.
32,135
115,235
'.3,169
1.6,521
8,21.3
,995
53,091
61,275
9,836
U»9,211
1.09,128
228,1.09
255,166
".7,971
71,188
312,339
W.,li09
51 5IA
207' 77'.
2'., 976
18,919
228,738
321,193
11.2,122
187,521.
112
Ul,1.53
28,7l«)
2li,6ii7
2l»,330
3,183
11., 661
2,897
20, ITU
16,951.
15,312
3,006
18,533
l,6l8
3,608
21
12
3
17,5'tl
29,297
8S7
15,857
18,380
17,'t6o
139,1.5'.
'.,585
20,925
1,287
15,937
221., 273
5,096
215,970
9,55lt
371,21.1.
815
170,165
1U,S78
5,198
229,972
9,lt6l
385,81.3
'•8,857
27,790
3,805
21,088
180,652
139,592
10,690
21.7,281
56_
31.
lot, 835
76,17"*
689
1,039
6,590
507
3,853
U,132
1,500
1,151
1U1.,77U
1.5,781
3U,380
19, ".1.0
l,39l.,98l.
190,820
77,532
22U,531
19,325
251,389
337,030
8,591
9,351
10,1.67
2,9".l
7T8
2,770
3,239
922
3W.
6l,9li6
9''
1WD,502
27,087
9,507
10,807
2l.,0li3
210,688
83,607
93,969
1.12
1.11
10,530
10,902
21.,
765
28,027
".9
316
57,
6U
5,655
30,985
29,382
1,919
19,61.3
31,733
730
26,995
3,293
1,735
50
JUS
l,'il.5
5
Total mlecellaneoue taxes
Total miscellaneous Internal revenue
77,610
526,732
151,795
123,630
8,381,515
1<37
283
1,720,908
1,028,931
8,301., 892
liO,U63,llo
-155,83U
1.0,307,285
Source: Dally Treasury Statement for total receipts from Internal revenue;
reports by colleotors of Internal revenue for coHeotlons by type of
tax.
Detail by type of tax Is available only on a collection basis.
Receipts on the Dally Treasury Statement basis are conplled from the
latest dally reports from Govenmont doposltarles; they do not coincide
with amounts reported by collectors because of the lag In deposits of
collections and because certain taxes ore paid dlroctly Into tiie
depositaries.
1/ Excludes collections for credit to certain trust accounts for Island
posssssions; includes corporation IncCEie tax on Alaska Railroad.
2/ Includes excess profits taxes formerly shown separately as follows:
declared value (repealed for years ending after June 30, 19'.6),
Excess Profits Tax Act of I9I.0 (Title II of the Second Revenue Act
of 191*0, which wan repealed for years ending after December 31, 19"^5),
and Vinson Act as annded (31. U.S.C. I.96).
39,1.1.8,607
^
y
2/
6/
X/
•
1,101,901.
130,170
5,665,007
61.5,202
23,382,211.
3,li6l.,661.
-177,1.9'.
+15U,951
-207,19''
17'.,'. 86
23,537,l6U
21,
''391.''''5
deglnnlng January 1951, withheld income taxes and social security
employment taxes on employees anc employers are paid into the Treasury
In ccmblned aaounte without separation as to type of tax. The figures
for prior periods have been combined accordingly In this table for
purposoa of comparison, but are shown separately In the March 1951 and
preceiing issues of the "Treasury Bulletin".
Repealed for years ending after June 30, 19'.5. Beginning with
July 1950, Included under "Miscellaneous taxes".
Includes television sots as provided In the Revenue Act of 1950,
approved September 23, I95O.
Incluies qulck-freete units as provided in the Reventw Act of 1950,
approved September 23, 1950.
Repealed (except on Imported oleoraargarlns ) , effective July 1, I950.
Less than $500.
..,
,
April 1951
^7
MONETARY STATISTICS.
Table 1.- Money In Circulation
(In nllllons of dollars except aa noted)
End of fiscal
year cr month
Total
noney In
tlon 1/
17,1.21
22,501.
191.3
191.1*
191.5
191.*
191.7
,
26,7U6
28,2U5
28,297
Total
paper
money
597
527
2,061
2, 061
2,177
321
319
321
23,600
23,209
22,760
353
309
27U
316
320
316
22,661.
2,131
2,136
22,768
22,801
271
268
265
25,661
.
27,600
25,512
25,6lU
September,
27,010
27,120
27,161
February
y
581.
27,156
2, 061
2,120
25,61.6
2,131.
23,262
27,228
27,595
25,701
.
27,71.1
26,187
2,111
2,132
2,129
317
318
313
22,885
23,212
23,363
263
260
257
,
27,01.8
2,026
2,051
303
311
251.
27,188
25,518
25,652
22, 811
p.
22,915
252
. .
1951- January,,
1/
Faderal
Reserve
Bank
notes
15,71.7
1950
.
Federal
Baaerre
18,750
22,867
23,973
23,993
26,1.82
26,031.
November.
December.
United
StatOB
1,588
1,651
2,025
27,1.93
Oc tober
icates
of 1890
21,1.38
25,51.1
26,91.5
26,91.2
27,903
Au^iust
2/
Treanury
1,61.9
191.9
1950- July
Silver
certif-
16,U92
191.8
19l.9-D©ceinl)er.
Gold
certificates
.
End of fiscal
year or month
26,01.8
National
bank
Treasury Bulletin
kg
MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar
.
3
.
.,
April 1951
ks
MONETARY STATISTICS.
Table 4«- Cosiponents of Silver Monetary Stock
(In millions of doUare)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates l/
Silver
bullion 2/
Silver outside
Treasury
In General Fund
Subsidiary
coin
Bullion for
rccoinage kj
V
Bullion
at cost 2/
95.1
8.3
10.3
8.9
5.3
1,971.5
2,003.2
89.3
11.1.
9l1.lt
1950
2,0lt0.T
328.1
321.9
312.8
5.9
igitg
3.6
2,026.7
2,029.7
2,032.8
318.8
317.5
316.U
2,036.0
2,038.9
2,OU0.7
315.8
313.8
312.8
2.1t
2,0Mt.2
2,0U7.5
312.7
312.7
19't6
igi*?
19lt8
1950-Juiy
AuguBt
,
September,,
Octoljer .
. .
Norember,
December
,.
.
.
1951- January .
, .
February
p.
llt.lt
551.8
12.5
10.2
lt05.6
8lt6.7
207.
3,870.6
3,512.8
901.1
928.7
3,511t.2
3,5lt7.9
165.0
171.0
179.8
971.5
982.2
1,022.2
3,61t3.1
98.2
98.0
97.5
173.7
175.0
176.2
993.8
996.U
1,002.6
3,676.3
3,680.9
3,685.8
3.6
97.8
96.0
95.1
176.8
178.8
179.8
1,008.9
1,015.7
1,022.2
3,690.8
3,692.8
3,697.1
5.3
95.6
5.8
9I1.9
179.8
179.9
1,021.5
1,021.7
185.6
93.1
91.1
lll.O
13.1
Source;
1/
2/
^
68I1.7
uoo.u
376.5
356.U
3U3.U
337.2
19'f?
Subsidiary
coin
96.8
117.5
137.5
150.1
156.3
1,520.0
1,520.1
1,703.9
1,911.2
1,937.6
igits
19ltli
Silver
dollars l/
Total
silver
at $1.29+
per fine
ounce
Clrciilfttlon Statement of U, S. Money; Daily Treasury Statement for
certain preHjnlnary figures.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Goremment (see
Daily Treasury Statement for amount). Does not Include silver lendleased to foreign governmenta (these transactions all took place during
the flaoal years 19lt2 through 19I16; see 19lt6 Annual Report of the
3/
4/
p
Secretary of the Treasury
Valued at $1.38+ per fine
Valued at $1.3&+ per fine
to whether the bullion is
coins or for recolnage of
Preliminary.
Less than $50,000.
771.6
It,
3,596.7
3,697.1
for amounts )
ounce.
ounce or at $1.29+ per fine ounce according
held for recolnage of Bubeidiary silver
standard silver dollars,
Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices^
(In minions of ounces or dollars)
Silver
production in
United States
Silver acquisitions by mints and assay offices
Nevly mined domestic
silver 2/
Foreign silver
^
Ounces
19''3
I1O.8
19Wt
35.7
29.3
19lt5
19I16
21.1i
11.9
19I17
36.1
30.3
19lt8
36.1
19119
3lt.6
36.8
33.0
36.8
33.0
29.9
1950
lt2.1
ltl.3
1>1.3
37.lt
U.l
3.7
3.7
3.6
3.5
3.3
3.2
3.2
3.7
3.6
3.5
3.9
3.8
1.8
3.1
3.5
1.6
2.8
3.1
3.8
U.O
1950-July
August. ..
September
.
October. .
November .
December .
1951- January...
It
.2
2.7
3.1t
.6
It.
y
lt.9
It
27.lt
Source: Annual figures from the Bureau of the Mint. Monthly figures on U. S.
silver production frcm releases of the American Bureau of Metal Statistics;
these vlll not agree with the flT^nnal figures.
1/ For information on silver prodxictlon in other countries, see annual reports
of the Director of the Mint. Data from 1933 through igitl are summarized in
the "Treasury Bulletin" for August 19lt3, page 7lt.
2/ Acquired at 61t.61t cents per fine ounce until April 9, 1935; at 71.11 cents
per fine ounce from that date until April 23, 1935; at 77.57 cents per fine
ounce from April 23, 1935, to December 31, 1937; at 6I1.6I1 cents per fine
kj
30.3
it/
a7.it It/
33.3
3.5
1.6
2.8
It.O
^
U/
•
ounce from December 31, 1937, to July 1, 1939; at 71.11 cents
per fine ounce from July 1, 1939, to July 2, 19lt6; and at
90.5 cents per fine ounce since July 2, 19lt6.
Acqxilred at various prices averaging approximately 5I cents per
fine ounce.
Includes 0.2 million ounces valued at 71,11 cents per fine ounce
totalling $0.2 million, and 30. 1 million ounces valued at
90.5 cents per fine ounce totalling $27.2 million.
Less than 50,000 ounces or $50,000.
Treasury Bulletin
50
MONETARY STATISTICS,
Table 6.- Seigniorage on Silver
(Cumulative frcm January 1, 1935
End of calendar
year or month
-
In millions of doXlare)
51
April 1951
CAPITAL MOVEMENTS
Data relating to oIeIieb on foreigners and liabilities to foreigners, and capital moTements between the
United States and foreign countries, have been collected
since 1935, pursuant to Executive Order 6560 of January I5,
Attention is called to the
the data for January I950.
fact that although the grand total figures on the revised
reporting basis are reasonably comparable with those for
preceding months, data for individual countries in some
instances are not comparable because of certain changes in
Information
and Treasury regulations thereunder.
covering the principal types of data and the principal,
countries 1b reported each month by banks and bankers and
securities brokers and dealers in the United States. This
information is published regularly in the "Treasury
Bulletin". Supplementary information is published at less
is presented in three tables appearing at different times.
Table 1 gives data by countries on short-term claims on and
frequent intervals.
All reports are made initially to the
Federal Reserve Banks, rfiich forward consolidated figures
llabllltleB to foreigners as reported quarterly by exporters,
importers, and induatrial tmd commercial concerns in the
to the Treasury.
United States. This information was publiahed for the first
time in the October 19I19 issue of the "Treasury Bulletin"
The term 'foreigners" as used in these reports covers
all institutions and individuals (Including United States
citizens ) domiciled outside the United States, as well as
and begins with data for September 30, 191^6. Table 2
supplies information by countries on long-term claims on
and llabllltiee to foreigners as reported by banks and
international organizations, »4ierever domiciled, created by
treaty or convention between sovereign states. "Short-term"
refers to origin"! maturities of one year or less, and
bankers in the United States.
19314^,
A detailed
"long-term" refers to all other maturities.
basis of reporting,
dlEOUselon of the reporting coverage,
and derivation of capital movements figures appeared in
the April 1950 issue of the "Treasury Bulletin", pages 5O-52.
Revised report forms and regulations became effective with
coverage and geographical olasalflcation.
The supplementary information, contained In Section IV,
first time in the December
This table appeared for the
19'4-9
issue.
Data are for the
end of the calendar year beginning with 191*2. Table 3
gives information on short-term liabilities to countries
not regularly reported separately by banks and bankers.
This table appeared for the first time in the April 195O
issue. The data have been requested at irregular intervals,
the earliest date being October 191*3.
Section I - Historical Suamary
Table 1.- Net Capital Moveoent between the United States and Foreign Countries
(In thouaanda of dollars; negative figures mdioato a net outflow of
Treasury Bulletin
52
CAPITAL MOVEMENTS.
Section I - Historical SuBDary
Table 2.- Short-Teni Clalas on and Liabilities to Foreigners
April
mi
53
CAPITAL MOVEMENTS.
Section I - Historical Summary
Table 4.- Purchases and Sales of Licns-T«rm Domestic Securities by Foreigners
Treasury Bulletin
5^
CAPITAL MOVEMENTS
Section II - Sunmary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thouflasda of dollars; DegatlTa figures iDdlcatfl a D9t outflov of capital frcH the Itoltad Stataa)
Country
April 1951
55
CAPITAL HOVEMENTS
Section II - Sunmiary by Countries
Table 2.- Net Movoment In Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thousands of dollars; nagatlTO fl^uros lodlcata a net outflow of capital from the United States or net sales hy foreigners)
Country
.
,
, .:
,
Treasury Bulletin
56
CAPITAL MOVEMENTS
Section II
-
Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Poeitlon at end of month In thouaazidB of dollars)
Clalna on foreigners
Llabllltlae to forelgnora
October
Europe:
Austria
BelgluB
CtechoelOTokla,
Denmark
71iilond
France, , . ,
G«raan; 1/ ,.
Greece
Italy
Retherlande.
.
1^577
20
2,026
2,697
30,158
25,21*5
131
17,050
3,3»*2
361
Bonmy...
Poland...
Portugal
Rimianla.
Spain....
Sweden
Svltzerland..
U. S. S, P...
United Klngdo
Tugoelavla..
Other Europe.
Total Europe.
latin America:
Argentina.
Bolivia...
Braz 11
Chile
Colombia..
Cuba
Doodnlcan Republic
Guatemala
Mexico
Netherlands West Indies
and Surinam. .,.,.,,,,
Peru
Republic of Panama.,
El Salvador
Uruguay
Venezuela
Other Latin America.
Total latin America.
Asia:
China and Manchuria.
Hong Kong
India
Indonesia
Iran
Israel
Japan
nillipplnee
Thallaal...
Turkey
Other Asia.
Total ABla.
Other countries
AiiStralla
Belgian Congo
Egypt and AngloEgyptian Sudan
Union of South Africa..
Other
Total other countries.
International
Grand total.
.
71*5,929
59
17,6o6
56
3,291
2,0UO
30,261
25,313
306
12,233
U,806
Deceiiber
April 1951
57
CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts
Treasury Bulletin
56
CAPITAL MOVEMENTS
Section III - Details for Month of November 1050
Table 1.- Short-Term Claims on Foreigners
(Poeltlcn at end of aootb In thoiuasds of dollara)
Country
April
mi
59
CAPITAL MOVEMENTS
Section III - Details For Month of November 11)60
Table 2.- Short-Term Liabilities to Foreigners
(Foaltloa at and of Bontta In tbousaada of dollArs)
Country
)
Treasury Bulletin
60
CAPITAL MOVEMENTS
Section III - Details for Month of November 1050
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(
Country
Id thousanda of dollars
..
,
,
April 1951
61
CAPITAL MOVEMENTS
Section III A - Preliminary Detalle for Month of January
1951
Table 1.- Short-Term Claims on Foreigners
(Poaltion at ai^ of
i
nth In thouaanda of dollara)
Short-tar» clalae payable In dollars
Total
ahorttara
Foreign bajlka
am official
Inatltutlona
OUlM
Europa:
Auatrla
21
Bal«lw
2i,g6it
Csachoelorakla.
Daiaarlr
FlDlaM
Franca
Camaiu
78
2,575
2,706
30,979
l/,
, ,
,
Graaca ,,,,.,,,,,
Italy
IfatharlADda
Horwaj
Poland
Portugal
Riaanla.. ...,,,.
Spain
25,26li
167
28,321
3,850
l,701i
Short-term clalaa payable In foreign currencies
Collections
outstanding
for otm account
and dcaastlc
custoaers
Depoalta of
reporting banks
and dcaastlc
custoMsra vlth
foral^nera
1,753
2,5l'7
2,703
30,189
25,132
167
27,825
912
13
613
135
26,3311
3,2911
10,619
62
17,570
979
1,621
213
1,811)
2,510
2,973
6,272
226
239
268
35
llll
656
8,002
11,903
31)1)
1,256
1)52
1,007
81
537
7
396
1,656
1,597
Swsdan
Svltzarlai^..
9,997
11,538
9,678
6I17
l',171
li,81i9
7,7110
l.Tth
li,li97
295
tJ. S. S. B...
Unltad Eingda
YugoelATla. .
Othar Kuropa,
672
5
3,2li6
5
83,608
15
15,089
5,955
li,03l
1,025
U,028
li,013
3,763
9I16
1,951)
I180
383
33,267
5,01)5
2,961)
3,1)05
11,552
18,723
1,591
53,116
73
8,586
108
11,503
226
3,353
1,657
3,23!)
1
719
31
Total Europa.
Canada
382
ll
ll
1,291
152,758
55,591
819
25,217
7,366
25,092
7,366
76,059
10, olio
76,2111
5,95l»
5,93l>
2,231)
1,115
3,396
11,622
10,756
1,112
1,537
6,995
15,651
28
550
10,910
38,959
Cuba
Dcnlnlcan Papubllc.
Guatamala
31,628
Mexico'
77,678
31,298
1,860
2,783
57,825
1,061
1,061
13,163
2, 816
7,718
13,'t6o
12,995
S,798
7,713
5,176
61,262
13, '56
187
2,181
31,951
2,862
9,726
762
17,916
9,079
1,669
373,095
351,6U2
96,1111
116,979
152,lil)7
55,805
China and Manchuria,.
Hong Eong
India
Indonesia
Iran
15,567
2,987
16,530
330
6,130
15,563
15,06li
2,96li
1,607
3,121
168
580
Israel
22,581
8,572
Thailand....
Turkey
Other Asia,.
22,586
8,573
5,592
1,561
1,253
15,679
Total Asia..
96,788
Netherlands Wast IMlas
and Surinam. ......
Peru
Republic of Panana...
El SalTador
Uruguay
Venezuela.
Othar Latin Aaarlca..
Total Latin ABarlca..
5,3''2
61,730
15
2I1I
1,3911
15,398
39,100
1,861*
2,781)
66,067
60,130
Latin Aaarlca:
Argantloa
Bolivia...
Brazil
Chile
Coloobla.
68,519
15
250
76,291
U5,721
665
29,276
10,6l)li
90
321
19,0lil
1,032
1,322
1*17
7,586
1,520
1,073
l,lili3
5,015
liWi
2,1)09
lli2
166
166
I161
21,1)53
Aala:
Japan
Flilllpplnaa.
Othar countrlae:
Australia
Belgian Congo
Egypt and AngloEgyptian Sudan
Union of South Africa.
Other
International
1/
li,986
3,871
6,898
327
879
2,300
162
5,51.1
1,167
22
30
9011
1,561
l,06li
I197
l,2li8
58
10,665
1,1711
13,0911
••3,1123
16,639
1,652
1),629
289
5
2,101
2,lilt8
19,925
17,629
28,286
7,223
1,862
li,99li
ii,68l
li,662
l),556
9U
32a
288
6,79''
6,0lil
6,10li
200
1,766
3,211
7,020
Total other counta^ae.,
Grand total
6,397
330
6,129
11,123
2,137
2li,3l8
2,585
2,5311
13,363
13,023
20,611
19
22
2OI1
717
5,856
,..,
,
861,762
Collectlona
outa tending
for ovn account
and donsetlc
ous toners
667,7311
Beginning vlth March I9I17, Includes balances In accounts opened by
occupation authorities for forel^tn trade purposes.
208,121
183,068
13
103
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of January 1051
Table 2.- Short-Tern Liabilities to Foreigners
(Position St and of aoiith In thousands of dollars)
Comtry
63
April 1951
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of January 1S51
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
{In thousands of dollars)
Country
.
Treasury Bulletin
Gk
CAPITAL MOVEMENTS
Section IV
-
Supplementary Data by Countries
Table 3.- Short-Term Liabilities to Foreigners in Countries and Areas not
Regularly Reported Separately by Banks and Bankers
(Poaitlon at end of montta in tbouaan&a of doUiura)
Deposlte of
foreigners
Deposits of
forsigners
"Other Europe
390
723
2,979
1,080
1,5^2
Etritlsh HBdit«rranean possesalonB.
Bulgaria
Estonia
Hungary
Iceland
1,82
1,256
608
2,855
1,060
1,650
U,805
Luxemibourg
Monaco
Republic of Ireland
Trieste
n.a.
U,302
2,915
8,869
It, 138
318
"Other lAtln America"
Borltieh Caribbean poaaeeslons
Costa Blca
Ecuador
French West Indies and Guiana
Haiti
9,161
1/
6,177
Eonduraa
N icaregua
!»,8ll.
Paraguaj^
1,836
T.UOO
1,808
1/
150
7,0ll2
1,681
6,260
19,lkl
2l>5
JJ
281
7,557
20U
6,588
3,21.9
5,1*11
U,lli9
258
1/
277
n,757
1,8U3
372
i/
3,l'i6
"Other Aaia"
British Malaya
Ceylon
French Indo-Chlna
1/
2,3l»9
1/
Iraq
1,51'7
Korea
21,557
Lebanon
Pakistan
Portuguese Aaia
Sandl Arabia
13,589
5,009
567
37
3,0I<6
8,936
19,'i71
18
U,9i9
1,683
12,123
696
7,8U5
17,''63
"Other Countries"
British Africa
French Africa
Portugxioao Africa
New Zealand
Spanish Africa
Tangier
28
291
1,022
5,Wi2
U,063
1/
5U3
17,693
The information In Uile table le reported to the Treaau27 Departznent
at Irregular Intervale upon request. The totals vlll not agree vltb
thoee shown for corresponding dates for "Other Europe", "Other Latin
Ajaorlca", "Other Asia", and "Other countries" In the regular monthly
series In the "Treasury Bulletin"
Reporte have been requested only
fran banks and bankers in the Second Federal Beserve District, and
countries have been ctiltted or grouped to avoid revealing Individual
accounts or the foreign position of any reporting Institutions. The
16
i/
816
6b
21,561
2,962
2, SOU
2,071i
U2
158
2li5
63
Ilot«:
.
i
15,993
886
amounts shown bare represent aors than 70 percent of the totals for
all districts reported each nontii In these categories. Certain
countries previously published in thle section may be found since
January 1950 In Section III, Table 2.
Prior to January' 1950, data were shown in Section in, Table 2.
Prior to January 1950, data were Included under Trance.
Not available
65
April 1951
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Data relating to oorporatlona In which the United
States Oovernment has a proprietary Interest, direct or
indirect, and to certain other business-type activities
Treasury Statement", which contains greater detail than the
summarise presented here. Tables 3 and k are compiled from
of the United States Oovernment are presented In a series
ment.
Table 1 gives a summary of loans outstanding, Table 2, balance aheet data. Table 3, Income
presented in this Issue of the "Treasury Bulletin", and
Tables 3 *"<^ ^ f°^ ^^^ eame date will appear In a sub-
of four tables.
•+,
source and application of funds.
are compiled from the mid-month "Dally
and expense, and Table
Tables
1
and
2
reports of the agencies, adjusted by the Treasury DepartThe latest available loan and balance sheet data are
sequent issue.
Table 1.- Ooaparlson of Gross Loans On t standing. Excluding Interagency Loans,
Deccaber 31, IMO - Oeceaber 31. 1050
(In mllllonfl of dollars)
By type of loan
:
2
:
U
3
Treasury BuJletin
66
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Balance Sheets as of Deceaber 31, 1050
(In millions of dollara)
Total
corpora-
Assets:
Cash on hand and In ban)cs l/
Cash with U. S. Treasury 1/.
Deposits with other Govemnent corporations and
agenc lea
Loans receivable:
Interagency
Others^ less reeervee
Accounts and other receivable*!:
Interagency
Others , less reeervee
Commodities, auppllee, and materials , lass
557.
Bankfi for
coopera
Canmodlty
Credit
Corporation
ErportImport
fiank of
Washington
80. I4
15.6
1.7
223.6
,7
.3
Foderal
Deposit
Insurance
Corporation
lua.
8,515,:
13,228,1
"•5.1
7,310.6
3'.2,3
2,5
370
87.3
285.5
1,773
1,771.5
2,07''
1,830,1
179
1.2
87.2
1,831.2
U6.8
16.3
176,
3.7 2/
2,219,3 i/Jf/
22,
1,637,7
Investznente
Public debt obligations of the United States..
Securltlee of Government corporations and
agenc les
Others, lees reserves
Land, structuree, and equipment, less reserves..
Acquired security or collateral, less rosenros..
All other assets, leas reeervee
Total assets
3, '•72.
2,91.5,
lOU
23
I13.U
112.0
6,9
l.Slli.S
33,655.1
13,765.5
52.8
215,1
39.7
199.6
17.5
56.6
278,8
32U,2
196.0
311.8
22.2
6U.3
.5
2,736.0
91.2.1
Liabilities:
Accounts and other payables:
Interagency
Others
Trust and deposit liabilities:
Interagency
Others
Bonds, debentures, and notes payable:
U. S. Treasury
Other Interagency
Others
Guaranteed by United States
Rot guaranteed by United States
All other liabilities
^
6,088.7
1,356.0
23. 1»
1,190.0
653.3
10,182.5
Total liabilities
1.,
1,355.8
2.9
1,190.0
1.87.1
8,215.2
Capital:
United States interest:
Capital stock
Paid- in surplus
Expended appropriations
Esmed surplus, or deficit (-)
Total lAiltad States interest
Private interest:
Capital stock
Eanud surplus
Total private interest
1,751. .2
-1,226.6
1,170.U
1,095.6
1,296.3
23,238.8
5,316.5
233.8
Total capital
23,1.72.6
Total liabilities and capital
Contingent liabilities
Analysis of InvestaDent of IMited States:
Paid-in capital and expended appropriations
Treasury loans to Government corporations and
agencies 10 /
Subtotal
Lees total Treasury loeuis 11 /
Investznent of the United States
Earned surplus, or deficit (-), U, S. share
Book value of United States intersst. Including
Interagency items
Interagency Items
1,75'',
1,170.1.
21,51.0.8
199.2
3U.6
-
net
amounts due to, or from
GcremiBont corporations
GoTel*nB»nt agenc lea reporting
GoTemment agenc lea not required to report,.,.
Interagency proprietary Intereate
Total Interagency Itesia, excluding Treaaury
loans to Covemnent corporations and agencies
Book value of United States interest, after
exclusion of Interagency itenua
Footnotes at end of table.
33,655.1
.1
1.32.
1.5.1
.8 6/
110.3
.S_
157.1
391.8 2/
3,289.1
66.2
1,015.1
y
Federal
Farm
Morteago
Corporation
)
April 1951
67
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets as of Deceaber 31, lOSO - (Oontiimedl
In
n
of doUare
(
wii
i f>f)B
1
:
7
)
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets aa of December 31, 1050
(Continued)
(In mlllione of do Hare
Certain other buslneaQ-type actlvltle
Total
certain
other
buelneoBtypo activities 12/
Farmere'
BoEBe
AdminlBtratlon
DlBaflter
Loans, etc..
Revolving
Fund {Farmera
HoDK Administration)
Federal
Housing
Administration
Office of
Bouaing and
Hobs Finance
Adjalnl B tra tor
20/
Public
Housing
Administration
21/
Rural
Electrification
Administration
Other
22/
Aseeta:
Cash on hand and In banks l/
Cosh with U. S. Treaaury 1/,
Deposits with otJier Govenment corporations and
agenc lea
Loans receivable:
Interagency
Othere, lees reserves
Accounts end other receivables:
Interagency
Othere , less reserves
ComnodltieB, supplies, and naterlalB, less
reserves
Investmentn:
Public debt obligations of the United States.
Securities of Govemnent corporations and
agenc les
Others, lesB reserves
Land, structures, and equlixoent, Ic
Acquired security or collateral, le
All other assets, less reserves
Total asaete
2.6
105.5
U.l
33.5
33''.2
8,1.70.1
5,917.''
U01.7
15.2
19.9
l,5''1.6
23.6
.3
5.0
35.7
8,U69.7 21/
3,903.8 gV
88.6
10.5
2.1
2UU.5
2''3.5
1.0
178.5
3,385.0 22/
178.5
3,385.1'
1,111'.
1.0
1*8.5
57.8
7.1'
19,889.
U7.I'
3.5
.5
1,12U.3
360.8
523.0
1,620.9
l6,l6lt.2
Llabilitlea:
Accounts and other payables:
Interagency
Others
Truat and deposit liabilities:
Interagency
Others
Bonds, debentures, and notes payable:
U. S. Treasury
Other interagency
Others
Guaranteed by United StatOB
Not guaranteed by United States
Ail other liabilities
13.1
15.5
81.1
82.9
^
Total liabilities
12.1"
5.6
1,656.U
100.8
23.
20.5
20.5
166.3
loU.U 26/
1,967.3
20,Ult5.2
-2,522.9
UOS.U
10.5
19.6
-2.8
Total United States Interest
Private InteroBt:
Capital stock
Earned ourpluo
Total private intrtrest
Total capital
Total liabilities and capl tal
19,889.6
Contingent liabilities
Analyals of Investiaent of United States :
Paid-in capital and expended appropriations
Treasury loans to Govemnent corporations and
ngenc les lO/
Subtotal
Less total Troaoury loans ll/
Invootoont of the United States
Earned eurplufl, or deficit (-),
I'.
S. share
Book value of United Statee interest. Including
Intorngency items
Interagency Itons
-
net
ainounts dus to, or frcn
Govomimnt corporatlono
GoTemixmt agorcieo reporting
Govormaent agoncleo not roquirad to report....
Interagency proprietary IntoreBtc
Total Inttfraeency Iteos, excluding Treaoury
loons to Govemaent corporatlcna and ogonclee
Book value of United States Intoreot, after
exclusion of Interagency ItAmfi
Footnot«a on following page.
.ll
21.
C apital:
United States interest:
Capital Btock
Paid-in surplus
Expended appropriations
Earned surplus, or deficit (-)
.3
.3
''15.9
16.8
523.0
16.8
67.5
96.6
.9
1,UU4.6
.
.
.
.
.
.
April 1951
-
69
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Tmble 2
1/
g/
^
hj
5/
6/
2/
8/
2/
10/
11/
12/
13/
lU/
15/
16/
Excludes unexpended baJ-ancos of appropriated funds
Includeo $290.6 million guaranteed loans held by lending agencies.
Includes $7.0 million participation by other agencies in loans of
Export- Import Bank of Washington.
Includes $66.0 million guaranteed loans hold by lending agencies.
Includes notes for short- term borrowings.
Bepresents guaranteed obligations arising from drafts and Involcee
paid by commarclal banks.
Act of September 21, 1950 (61* Stat, 889-89O), provided for pajaent of
interest In two installments to U. S. Treasury, out of the Corporation's capital account, on capital stock while outstanding at the
rate of 2 percent per annum. The second installment In the amount of
$U0,3 million is payable between January 1, and July 1, 1951, QJid
therefore Is not reflected in this statement
The surplus is not available by law for dividend distribution and is
considered by the Corporation as a reserve for future deposit insurance losses and related expenses with respect to insured banks.
Inclines $.1 million deposits to "Guaranty Fund",
As shown above as a liability of each corporation or agency.
As shown as an asset of the U. S. Treasury under "Other" buelneeetype activities (see footnote 23),
Represents B.F.C. and Agricultural Marketing Act Eovolving Fund
proprietary interests in Government corporations
Represents activities under United States Housing Act, ae amended.
War housing and other operations of the Administration are shown
under "Certain other bustnese-type activities".
Includes merged war affiliates; excludes War Damage Corporation (In
liquidation), which is Included under "Other" corporations.
Represents assets held for the Treasury in accordance with provisions
of act of June 30, I9U8 (62 Stat. II87-II88) which provided for
cancellation of R. F. C. notes in the amount of $9,313-7 mllllcai,
plus Interest accriied thereon subsequent to June 30, 19^7, representing unrecovered costs to the Corporation as of June 30, 19^7, In its
national defense, war and reconversion activities, and stipulated
that any amounts recovered by the Corporation with respect to these
activities subsequent to June 30, 19^7, should, after deduction of
related expenses, be deposited In the U. S. Treasury as mlscellaneoue
receipts.
Consists of Defense Hames Corporation (in liquidation); Federal Crop
Insurance Corporation; Federal Prison Indiistries, Inc.; Inland
Waterways Corporation; Institute of Inter-American Affairs; Panama
17/
18/
19/
20/
21/
22/
2 3/
2U/
25/
26/
27/
*
Railroad Caapany; Staaller War Plants Corporation (in liquidation);
The Virgin lelands Corporation; and War Damage Corporation ( in
liquidation),
The surplus is considered by the Corporation as available for future
Insurance losses and related expenses with respect to Insured
institutions
Consists of net Income from power operations of $170. U million and
net expense of non- Income-producing programs of $129.6 million,
Pe organisation Plan Ho. 21, effective May 2U, 1950, abolished the
U. S. Maritime Comalsslon, and transferred its functions into the
Department of Commerce. Ciirrent data on maritinw activities will be
published when available
Consists of Alaska housing program, community facilities service,
prefabricated housing loans program, and slum clearance program.
Consists of Fi±rm Security Administration program, homes conversion
program, public war housing program, and veterans' re-use housing
program
Consists of Agricultural Marketing Act Revolving Fund; Federal
Security Agency - loans to stiKients; Department of the Interior Indian loans and Puerto Rico Reconstruction Administration; Department of the Amy - guaranteed loans (World War II) and Natural Fibers
Revolving Fund; Department of the Navy - guaranteed loans
(World War II); Public Works Administration (in liquidation);
Treasury Department - misceilaneous loans and certain other assets;
Veterans* Canteen Service, and guaranteed loans to veterans. Department of the Navy has liquidated sale of surplus supplies
(World War I),
Bepresents obligations of Government corporations and agencies ae
shown under "Bonds, debentures, and notes payable - U. S. Treasury",
except that the latter excludes $10.1 million obligations of the
Veterans Administration, and $2,370.8 million obllgatlona of agencies
not required to report.
Includes $3,750.0 million loan to the United Kingdom.
Includes $2,750.0 million subscription to the International Monetary
Fund and $635.0 million stock in the International Bank for Beconatructlon and Development.
Includes $88.7 million reserves for contingent losses, expenses, and
other charges.
Includes subscriptions to International Monetary Fund and Bank (see
footnote 25) esid loan to United Kingdom (see footnote 2U),
Less than $50,000.
Treasury Bulletin
70
CUMULATIVE TABLE OF CONTENTS.
May 1050 throu^ April 1051
laauo and page
Articles:
TreoBury financing operatlcuui.
Summary of Federal fiscal operatlone.
Budget receipts and expendlturea:
Receipts by principal eourcee
Expenditures by major cLaselflcatlonfi
Expendlturea for national defense and related actlTltles,
Expenditures for International finance and aid
"other" expenditures
Sunmary by msntha and years
Social Security Act
Railroad Retirement Act
Railroad Ubenqtloyment Insurance Act
Trust account and other transactions:
Summary of trust account and other transactlona
Trust account recelpta
Trust account expenditures other than Inreetaents
Net Inveataente of Goremment agencies In public debt securities.
Federal Old-Age and Survlvore Inexinmce Trust Fund
Railroad Retirement Account
Unemployment Trust Pund
National Serrlca Life Insurance Fund
Treasury cash Income and oatgo:
SuDmnry of cash traaaactlons
Derivation of cash bxidget receipts
Derivation of cash budget expenditures
Derivation of cash trust account transactions
Derivation of cash borroving or repayment of borrowing.
Cash operating Inccoe and outgo by loonthe
General Fund of the Treasury:
Status of the General Fund
Analysis of change In balance In the General Fund.
General Fund balance by months
Debt outstanding:
SiBBBary of Federal securities
Net change in Federal securities
Interest- bearing public debt
Net change In interest-bearing public debt
Interest-bearing guaranteed securities
Special Issues to U. S. Government Imrestment accounts
Computed Interest charge and computed Interest rate on Federal
00010:1 ties
Treasury holdings of securities Issued by Government corporations
and other agencies
Public debt and guaranteed securities outstanding by months
Statutory debt limitation:
Status under lljnltatlon
Application of limitation to public debt and guaranteed
securities outatondlng
Debt operations:
Maturity schedule of Interest-bearing public marketable securities
Issued by the U. S. CovemBent
Offerln^of Treasury bllle
Offerings of mar]retable Issikss of Treasury bonda, notes, and
certificates of Indebtedness
Disposition of matured marketable Issues of Treasury bonds, notes,
and certificates of Indebtedness and guaranteed securities
(Continued on foUovlag psee)
Qwbar
.
April 1951
71
CUMULATIVE TABLE OF CONTENTS.
Miy lOGO throu^ April 1051 - (Continued)
Issue and pegs number
May
Dnlted States eavlngB bonds:
Sumnary of cumulative sales and redemptions by aeries
Sales and redemptions, ^11 series combined, by periods
Sales and redemptions of Series A-D, E, F, and G by periods
BedeniptlonB of matured and UDEaatured, all series combined
Sales aiK^. redemptlooe of Series E and F and G by dencmlnatlonB .
. .
Sales of Series £ and F and G by States
Treasury savings notea:
Sumnary of cumulative sales and redftmptloris by series
Sales and redemptions of Series C and D combined by periods
Ownership of Federal securities:
Distribution by dassos of investors and types of Issues
Net market purchases or sales for Investment accounts haodlsd by
the Treasury
Estimated ovnersKlp by bank and nonbank Investors
.
Treasury survey of ownership:
Ovnarsblp by banks, insurance ccoqianies, and others...............
Ownership by ccnmerclal banks classified by membership in Federal
Reserve System (latest date December 31, 1950)
Market quotations:
Over- the -coimter closing quotations on Federal securities
by Issxies
Chart showing yields of Treasury eecurlties
Yields of Treasury and corporate bonds:
Average yields of long-term bonds by periods
Chart shoving average ylelxis of long-term bonds
Internal revenue collections:
Sunnary by principal sources
Chart shoving Inteinal revenue coUectlans
Detail of collections by type of tax
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Caiiq>onent8 of silver monetary stock
Silver production in the United States and acquisltiemB bj Bints
and assay offices
Seigniorage on silver
IncreB»nt fran reductlcai in weight of gold dollar (latest date
December 31, 1950)
Net Treasiary gold receipts (latest quarter ending December 31rl950)
Exchange Stabilization Fund:
Balance Sheet (latest date September 30, 1950)
Incooe and expense (latest dnte Septentber $0, 1950)
Capital movementfl between the United States and foreign
countries:
Historical siamoary of capital movements since 1935
Sumnary by countries and months
Details for latest months by countries
Supplementary data by countries
Corporations and certain other buainese-type activitiea
(latest date December 3I, 1950?'
Loans outstanding
Balance sheets
Income and expense
Source and appllcatlcQ of fuodB
<
June
July
Aug ,
Sept .
Oc t
Jan.
Feb.
Mar.
'^1-f
%
@FedFRASER