Full text of Treasury Bulletin : April 1955
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,' I' |i: ^iii* !(;' ;'!'' ;.| ' ' .','!: > •: ill 'iii.j ;' ;•'' LIBRARY ROOM 5030 JUN ?,3 1972 TREASURY DEPARTMENT TREASURY DEPARTMENT FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C. OFFICIAL BUSINESS BUY AND HOLD UNITED S TAT E S SAVINGS BONDS I mEAWMY. EUILILIETrEN RPRIL-iaSS UNITED STRTES TRERSURV DEPRRTMENT OFFICE DF THE SECRETBRV {pril {95^) Table of Contents Page Treasury financing operations A-1 Summary of Federal fiscal operations 1 Budget receipts and expenditures 2 Trust account and other transactions 6 Treasury cash Income and outgo S Debt outstanding and Treasurer's account 12 Statutory debt limitation 15 Debt operat ions l6 United States savings bonds 21 Treasury savings notes 25 Ownership of Federal securities 26 Treasury survey of ownership of Federal securities 2g Market quotations on Treasury securities 3^ Average yields of long-term bonds 35 Internal revenue collections 37 Monetary statistics '+1 Capital movements ^ Corporations and certain other business-type activities - balance sheets 57 Cumulative table of contents 77 Note: Where calculations have been rrade from unrounded figures, the details may not check to the totals shown. The Treasury Bulletin la for sale by the Superintendent of Documents, U. 3. Government Printing Office, Washington 25, D. C, Subscription per year $5.25 domestic, $5.25 foreign. Single copy price varies. A-l Xpril 1955 Treasury Financing Operations Tax Anticipation Cert ificates Offered make payment for the new certificates by credit in An offering for cash subecrlptlon of $3 billion of g2-day 1-3/S percent tax anticipation certificates Treasury tax and loan accounts. Commercial banks and other lenders were requested March was announced by the Secretary of the Treasury on The certificates are dated April 1, IS, I955. to refrain from making unsecured loans or loans 1955. and bear Interest from that date until their maturity on June 22, 1955. They will be receivable collateralized in whole or in part by the certificates subscribed for, to cover the 5 percent de- at par plus accrued interest to maturity in payment posits required to be paid when subscriptions were of income and profits taxes due on June I5, entered. 1955- The subscription books were open for one day only, A certification by the subscribing bank that no such loan was made was required on each subscription entered by it for account of its on March 22. customers. Subscriptions of more than 17.9 billion were announced on March 25 together with the basis of allotment. Subscriptions for $50,000 and less were allotted in full. Remaining subscriptions were allotted ho percent with a minimum of $50,000 for each subscription. Allotments totaled $3,210 mil- A certification that the bank had no beneficial interest in its customers' subscriptions, and that no customers had any beneficial interest in the bank's own subscription, also was required. The securities were Issued in bearer form only, in denominations of $1,000, $5,000, $10,000, $100,000, lion, with slightly over $1.9 billion going to commercial banks and more than $1.3 billion going Treasury Certificates of Indebtedness, Series F-1955. to nonbank sources on original issue. Tax Anticipation Series. and $1,000,000. They are designated I-3/8 percent Commercial banka, which for this purpose are deposits, were 91-Day Bills Refunded Treasury bills which matured in March in the permitted to subscribe for their own account without total of $7.5 billion were refunded in full by Each new Issue five new issues of 91-day bills. of $1.5 billion was the approximate equivalent defined as banks accepting demand deposit, but were restricted In each case to an amount not exceeding 50 percent of the combined capital, lurplus, and undivided profits of the subscribing bank as of December 3I, 195'^- * payment of 5 percent of the amount of certificates subscribed for, not subject to withdrawal until after allotment, wa£ required on all other subscriptions. Commercial The average rates of discount on the new Issues were Ll+lS percent for March 3; 1.231 percent for March 10; 1.286 percent for March 17; 1,366 percent for March 2k-; and of the issue maturing. 1.37'^ percent for March 31. banks qualified as depositaries were permitted to Rote: Details of Treasury narket financing operations are sbovn elseirtiere In this issue of the "Treasury Bulletin," in the tables on "Offerlnga" and. "Dis- position," respectively, of marketable Issues of bonds, notes, and certificates of indebtedneee , and In the table "Offerings of Treasury Bills." April 1955 SUMMARY OF FEDERAL FISCAL OPERATIONS (In milLlona of dollars) Net of Biidget receipts and expenditures trust account Surplus, and other Bq^endNet trans receipts Itures actlcne 2/ 1/ (-) 2/ Not Increase Clearing account, etc, y Levslo, end of period Net In public debt, or decrease Increase In Treasurer's Treasurer' cash balaah ance, or balance decrease (-) (-) Debt outetendlng Public debt GxMOTmteed secijTltles Total Federal Becuritles Subject to llnltetjon 5/ Flacal years: 10l»2 -1,613 -338 -2,222 79j 1*3,635 W*,lt75 98,1*16 -21,1*90 -57,1*20 -51,1*23 -53,9''l 191*6 39,771 60,1*1*8 -20,676 19ltT I9I18 39,786 751* -1,103 8,1*19 -291* -1,811 -3,122 3,510 -1*95 36,1*95 l'7,568 39,032 33,069 39,507 39,617 1*1*, 058 61,391 65,l;08 -1*,017 11*7 71*, 271* -9,1*1*9 1*35 iJ 614,885 6!i,655 67,772 -3,117 1955 (Eot.)., 1956 (Est.)., 59,000 60,000 63,501* 62,1*08 -l*,50l* I9I4U V)h3 79,1*07 05,050 1*1,1*88 loli9 , 1950 1951 l-J^S , 1953 6/ I95I1 31*, 01*5 32,555 21,987 I9U3 37,696 23,1.61 61*, 271* 6U,307 57,679 555 -507 358 6,515 10,662 2,991 9,507 20,169 l.,529 10,71*0 -10,1*60 2l*,6o8 llt,238 -11,136 -10,930 3,308 -5,991* l*,932 76,991 7l*,15l* 1*,100 11*0,796 11*0,1*69 1,623 H33 U76 202,626 208,077 268,671 268,932 90 258,376 252,366 252,79? 257,1^91 251,51*? 2514,567 U6 255)251 259,151 366,071 271,260 52 266,123 81 ?71,3H 265,522 270,790 51 31 27lt,351 72,1*22 136,696 201,003 258,682 269,1*22 258,286 252,292 252,770 257,357 '55,222 259,105 2'^?, 115 269,898 ^(£ i83 lt,587 1,621. -1,1*62 2,0l*7 -2l!> -1*01 -2,135 3,883 1,839 -388 6,Q';6 5,189 -2,299 2,096 I* 328 -250 -303 -183 -119 3,0lv0 -1,766 27!', 300 -?,!i08 61*1 67 1,700 5,000 5.000 -1,788 -266 -1,161 6,983 1,751 10,51-3 12,291* 108,370 165,877 230,630 14,301 lt,230 170,108 1,51'. 232,11*1* 278,U5 567 339 81 55 30 278,682 110,833 171,202 239,099 288,559 259,1*87 258,551* 256,981 252,851* 256,127 252,057 99 679 U78 3,1.70 5,517 7,!57 6,969 ,670 6,76^; 276,000 73 27 20 29 252,026 256,652 258,507 n.a. n.a, 276,031 Calendar years: 16,081 ,227 a9'>2 19IA , 191*5 191*6 , I9I1T 191*8 19l<9 , 1950 1951 , 1952 1953 I95I* , 6/ Months 50,212 57,707 57,51'a -1*1,1.61 -55,691 -53,650 753 9,oli2 1*3,678 89,918 96,896 87,271 -1*3,591* -1?3 1*7,1*81* 38,568 1*1,080 -2,512 -1,386 36? -18,966 3,767 -22,5CG 22,236 26,003 3,502 1*0,389 2,U3!* 5,21*1 -2,21*9 -1*05 3,097 199 -I*, 100 1,111 37,511* 1*1,106 -3,592 -350 -229 -502 -21.0 1*0,861* 37,955 35,623 l',331 1*71 1*,208 l*,679 37,306 52,979 37,728 56,337 -1*22 3U 87 -1*23 -1*1*7 -3,358 815 -106 2,7n 62 ,81*0 -5,81*2 -1*1 61,171 61*,85l* -9,157 -3,683 101 739 -319 -209 -3U 7,973 7,777 3,582 1,770 63,81*1 70,686 72,997 3,360 5,072 6,018 6,oee -1,712 -239 301 36 -578 -261* -2,71*8 1*,555 l.,588 5,753 5,183 6,U37 -1,81*9 -219 79 -176 165 -U76 719 5,033 5,218 -36 5,W» 1*,707 -185 737 5,879 1*10 9 -135 -160 3I' 191(3 1*3,21*6 61. 61*, 23I. 11,232 l',295 259,11*9 256,900 252,800 257,130 256,708 lis, 1*71 21. 257,160 256,731 256,026 259,1*19 1*2 259,1*61 258,791* 267,391 275,168 278,750 51* 267,1*1*5 76 275,21*1* 31* 278,781* 266,821 271*, 671 278,256 272,669 273,206 272,937 63 63 61* 272,732 273,269 273,001 66 273,1*52 71* 275.282 272.875 271*, 707 76 275,21*1* 27l*,671 256,1*13 -1,1*88 6,o61* l*,577 603 5,180 6,598 11,071 8,71*1 536 -269 -1,067 -196 7,675 7,1*79 1*1*9 1,822 -2,352 797 5,126 5,923 -1*0 -1,31.6 l*,577 273,386 275,209 275,168 -320 -67 -533 l*,Ol*l* 27l.,8l*9 75 27l*,92l* 27U,362 91*1* 1*,988 27!*, 782 271* 1,366 270,235 270,332 269,757 811 6,355 U,787 77 77 80 80 81 27l*,859 -l*,5l*6 271,127 273,555 271,31*1 270.572 273,002 270,790 21 27 29 271,005 270,1*66 2711,982 27l*,838 27l.,ia*7 31* 31* 278,786 278,888 31* 278,781* 278,255 278,357 278,256 6/ 1953-Julj , August..., September, lt,378 October. , November., December., 3,005 195l*-Januar7 . . February . March...., 5,870 -1,61*0 -152 -628 188 272,11*8 272,688 272,1*22 ,300 U,li3l* 5,555 ^rll...., Ha; 2,751 3,592 -1*27 593 -1,611 3,336 391* -511 2,1.28 10,61*1* 5,296 5,203 7,308 -B,5l*5 June •...., 13 1I.6 -2,215 -1,567 700 1,280 i*,a27 -2,000 -2,820 -68 -169 301* -97 -222 -276 6,731 5,019 3,971 -121 21 -IU5 -2,218 358 -3n 101* 3,91*2 i*,aoi 1*,857 3,81.2 -209 1*25 101 -103 -2,121* 5,180 278,752 278,853 278,750 -186 -3n -1*51 U,728 278,1*39 21. 278,1*63 277,91*9 351* -257 682 5,1*11 278,182 27 278,209 277.697 , Jujj , August. .., September, 2,827 3,911 '*,951 193 October.. November., December, 2,639 3,71*2 6,288 -2,5li6 391 100 195 5~Januflry . February., ii.ess U,9l.2 l*,831 -287 596 332 -11 5,1*27 5,1.«7 271,01*7 273,1*75 6,766 271,260 -2,51.2 l*,22l* 1,233 -313 5,1*57 5,11*5 270,981* 27l*,955 1,518 6Ul 6,663 7,301* 271*, 810 27l*,305 J_ Source: Actual figures are from the old Dally Treasury Statement through the calendar year 1953 except as noted; actual figures on the new reporting basle (see footnote 6) are from the new Dally Treasury Statement and the new "^tonthly Statement of Pecelpts and Expenditures of the United States Government" estimates are based on the 1956 Budget document released January 17, 1955, Including effects of proposed legislation. More detailed IXLfomatlon with respect to the figures on this page Is given In succeeding tables. Gross receipts less appropriations of receipts to the Federal Old-Age 1/ and Survivors Insurance Trust Fund and the Railroad Betlreraent Account, and refunds of receipts. 2/ Transactlans of the Foreign Economic Cooperation Trust Fund, established under Section 111* (f) of the Economic Cooperation Act of 19I.8 (62 Stat. 150), are consolidated with budget expenditures. Begx,inlng with the fiscal year 1951, net investments of wholly owned Government corporatlcns and agencies In public debt securities are excluded from bulget expenditures, and are Included with other such Investments under "Trust account and other transactions." }J Consists of transactions of trust and deposit funds, investments of Government agencies in public debt securities, and Bales and redemptions of obligations of Government agencies In the market; excess of receipts, or expenditures (-). For obecks and Interest coupona outstanding and telegraphic reports from J*/ 5/ ; 6/ i.a. Federal Seserve Banks, and beginning with ths fiscal year 1954, alBO deposlta ixi transit and cash held outside the Treasury; net increase, or decrease ( - ) For current month detail, see section on "Statutory Debt Limitation" in each issue of the Bulletin, The limitations in effect during the period covered by this table and the date idien each becajoo effective are as follows: March 28, 191*2, $125 billion; April 11, 191*3, $210 bllUon; June 9, 191*1*, $260 billion; April 3, 19lt5, $300 billion; June 26, 191*6, $275 billion; and August 28, I95I*, $28l billion (temporary Increase ending on June 30, 1955), Guaranteed securities are Included under the limitation beginning April 3, 191*5. Savings bonds are Included at current redemption value beginning June 26, In 191*6; prior to that time they were Included at maturity value. the debt outstanding, savings bonds are carried at current redomptlon value. New reporting basis as announced February 17, 1951* (see April 1951* "Treasury Bulletin," page A-2). The new Dally Treasury Statement shows cash deposits and withdrawals In the account of the Treasurer of the United States. The new Monthly Statement Includes agency transactions not cleared through the Treasurer's account, and shows receipts when they are received by collecting officers and expenditures when checks are Issued or payments are made by disbursing officers, Hot available. Treasury Bullet BUIXJET RECEIPTS AND EXPENDITURES . Table 1.- Receipts by Principal Sources (In alillona of dollars} Internal revenue l/ Income and piroflts taxes Fiscal year or month Individual Corporation Not withheld 2/ i/ 2/' 191*8 19''9 1950 1951 1952 For railroad retirement 5/ For unemployment Insurance 32,826 29,306 31,171 29,482 28,263 37,753 51,347 1,459 1,616 1,690 2,106 3,1£0 3,569 380 557 564 550 578 735 208 223 226 234 259 2lt,2lB New reporting basis: Withhold 1/ Income and profits For old-age Insurance 10,013 11,436 9,842 10,073 13,535 18,521 19,292 19,735 19,641 18,189 w^*? Eteplojiaent taxes Total Excise taxee 2/ Total employment jj Estate and gift tales 2j 2/ 2,024 2,381 2,477 2,883 3,931 1B5 Kot otherwise claeelfled 8,0*9 8,301 8,348 8,303 9,423 9,726 4,562 Total lnternn5 revenue 1/ 39,379 41,853 40,307 39,449 51,106 65,635 8/ W?!* 21,523 33,012 10,747 21,351 21,635 54,363 53,906 4,086 4,537 620 603 277 285 4,983 5,425 10,014 10,825 945 1955 (Est.).... 1956 (Est.).... 18,466 17,034 9,600 10,500 21,100 22,000 49,166 49,534 5,190 6,175 600 625 290 295 6,080 7,095 9,073 9,350 930 970 65,249 66,949 195U-julj Auguat. .. September. 532 252 93 1,429 1,035 2,578 1,422 1,819 2,971 3,955 217 20 4 743 16 1 322 766 767 77 64 274 76 47 240 835 713 300 1,104 2,849 4,634 5,116 361 290 l,l8l 199 78 272 1,077 2,759 1,359 1,637 3,126 2,812 188 554 329 21 94 64 4 16 213 664 393 785 781 715 65 61 Be 2,700 4,629 4,005 355 274 2,239 881 884 2,916 3,477 4,071 113 31 167 161 555 17 64 786 649 709 62 67 4,354 5,631 '•,396 5,443 14,029 23,868 2,974 403 3,611. 5,885 549 33,919 1953 October. . November. December. 19'>^-Januar7... February . 1955 to date. • 238 9 2/ 72 Deductions from budget recelpta Mlecelleneous recelpto 1/ 10/ Fiscal year or month 1947 1948 1949 1950 1951 1952 494 422 384 Total budget receipts Appropriations to it>ASI Trust Fund Appropriations of receipts to Railroad Retirement Account 12/ 256 Refunds of r'scelpte 13/ Internal revenue 624 551 4,635 3,824 2,082 1,439 1,639 1,814 44,508 46,099 42,774 41,311 53,369 67,999 1,459 1,616 1,690 2,106 3,120 3,569 550 550 575 738 2,982 2,250 2,817 2,135 2,082 2,275 1953 1954 613 562 1,865 2,3112/ 72,649 73,173 4,086 4,537 620 603 1955 (Eat.). 1956 (Est.). 570 570 2,302 2,486 68,121 70,005 5,190 6,175 600 625 1954 -July August. . September 45 48 48 254 3,148 4,801 5,280 217 743 117 274 October.. November. December. 47 47 140 224 165 2,887 4,905 4,217 48 47 430 276 382 1,725 423 New reporting basis: . 1955-January February . 1955 to date. . . 17 19 2 17 3 16 15 8 Bet budget receipts 3,006 2,272 2,838 2,160 2,107 2,302 39,786 41,488 37,696 36,495 47,568 61,391 18 9 9 3,095 3,345 17 20 U 6 3,118 3,377 64,825 64,655 3,307 3,182 20 20 4 4 3,331 3,205 59,000 60,000 20 83 76 47 68 1 1 6 1 85 70 8 2,827 3,911 4,951 188 554 329 21 37 54 80 2 2 64 39 56 82 2,639 4,201 3,742 4,833 5,954 U3 17 64 46 2 48 255 206 2 208 4,655 5,427 36,026 2,674 403 580 12 595 32,354 8/ 52 U9 Actual figures through 1952 are from the old Dally Treasury Statement; actual figures on the nev reporting basis are Tr<aa the now "Monthly StateBent of Receipts and Brpenditures of the UnAted States Goremment" (see Sovr- «: 723 Total refunds 94 2 footnote 8); estimates are based on the 1956 Budget document, released January 17, 1955, Includl:^ effects of proposed legislation. Footnotas on page 5. April 1955 .BUDGET RECEIPTS AND EXPENDITURES. Table 2.- Expenditures by Major Classifications (In mllliozu of dollars) Fiscal 7«ar or aonth Total National security Jji/ 39,032 33,069 11/ 39,507 il/ 39,617 Wi,058 19>>1 19'>8 19l'9. Xntematlonal affairs and finance Interest on the pubUc debt l^/ Veterans' serrlces and benefits 16/ 15,130 6,562 l.,958 7,259 11,1*1.6 li,'i79 6,1169 3,798 2,839 5,211 5,339 5,750 5,613 5,859 11/ 6,026 rjj 6,878 6,517 5,333 U,952 5,123 5,1^3 8,U76 65,l»08 12,787 12,952 21,663 te,867 18/ 50,276 2,181. li,33i» 7'1,27't 501. 1953 67,772 116,522 1,553 382 11,21.9 10,977 9,065 195'* 1,200 1,090 I175 U,li08 li,6o8 10,777 9,952 81 336 1,136 91* 213 332 33l« 2, 601 152 51*1 321 71*5 1950 1951 1952 New reporting ^jaelet 1*,817 8/ 1955 (Eet.) 1956 (Est.) 1951) -July 63,5011 62,li08 Ii0,6li4 "•,827 3,061 3,370 3,261 Ii0,li58 6,731 5,019 Augufit September. 300 31.6 3I19 89 192 368 1,200 373 ItOl 756 379 365 99I1 2,858 7,593 6,288 1955-Jamuiry February l»,9lia 3,176 171 '(,831 3,01*8 1118 222 396 1955 to date. ^1,119 26,271 999 3,618 '•,857 3,81*2 October Rorember December the detail Source: See Table 1. Erpondlture claaslf loatlons are based on available from the monthly Treasury reports and are described to the footnotes; they differ BOUBVhat from the classlflcetlonB used In the (In millions of dollars) Secretary of Defense i^/ Fiscal year or month 15,130 191*7 I9U8 U,lill6 19l>9 1950 1951 12,787 12,952 21,663 3"i3 1952 42,867 18/ 1*02 12,350 18/ 1953 50,276 I1O9 195I1 1.6,522 1*61. 15,085 15,668 1955 (Est.) 1956 (Est.) iiO,61ili Ii0,li58 500 600 195i*^uly August September 5 161 1,690 3,506 6,238 8/ 3,061 3,370 3,261 October November December 3,300 3,316 3,739 1955-January February 3,176 1955 to date 26,271 3,01*8 -30I1 875 1956 Bulget document, and estlaates are adjusted In this table to a basis comparable with actual expenditures as shown. Footnotes on page 5- Table 3.- Expenditures for National Security Air Force military functions 20/ 790 73 3,300 3,316 3,739 New reporting basis: 9,581 7,652 8,891 Treasury Bulletin BUHJET RECEIPTS AND EXPENDITUHES Table 4.- Expenditures for International Affaire and Finance (Id Mllllau of dollars) Fiscal j9tar or Doth Dapartaent of State W^T iqW 6,562 133 938 '','•79 229 265 299 277 I165 il/ 6,026 3J/ 19''9 1950 1951 1952 t.SlT 3,798 2,839 Hev reporting baale! Ezport-3kport Bank 22/ EconoBlc and teoholoal aaelstance (Mutual Security Act) 26/ -60 It, 01*3 '.5 relief In occupied areas aiid ClTilian relief In Korea 12/ 511* '',977 881 2,770 W,5 170 ,333 779 370 152 2,191 9 72 1.9 183 8/ 1953 , 195l» 2,184 1,553 1,200 1,090 1955 (Eat.) 1956 (Bst.) las'* -July 271 156 117 138 150 -"« 81 99 -90 1,703 1,215 93 83 1,078 1,028 26 3 August Septamber 91. 28 6 152 Ik -20 151 October Horeober Becanbar 8 7 73 89 192 8 • 8 -U 7 63 91 169 2 2 11. 1955-Januai7 February 171 1U8 8 11 -1,1, 207 3 132 1 1 999 98 -103 977 27 1955 to date. Source: Other 28/ -^1/ 3,523 3,006 88 25 2 lit CoremBaDt -39 2 86 78 Sea Table 2. 5 1 Tootnotea on page 5. Table 5.- "Other" Expenditures (In allllons of dollars) riacal year or Bonth Total 19li7 Social aacurlty, velfare, md health 22/ HOUBlOg *m* ccmunltj' derelopaent Agriculture and agricultural resources ^2/ 3fi/ 5,123 19'.8 979 5, ''63 1,01*5 19''9 68 1,226 782 8,1*76 1,165 1,526 -56 -270 2,658 129 Satural reaouroea 32/ Tranaportatlon and Finance, ^'^ Other I "^ coaaiunlcatlon ^ , inlustry 31/ I . 1,61*0 ''60 1*89 1,672 665 1,063 519 822 1,221 1,399 1,376 1,451 1,801 '•35 195'' 10,977 9,065 1,8& -556 2,961 2,653 1,81*1 52 2,333 1955 (Kst.) 1956 (Ket.) 1,55* 1,389 1,''53 101* 10,777 9,952 1,860 1,909 2,1m 21*3 3,251* -72 1,136 l,5te 1,357 107 122 165 2,601 II19 52 -35 7U5 2,357 262 2,029 1,360 1,180 153 -2 123 120 117 1*5 123 171. 29 191 1950 1951 1952 9,581 7,652 8,891 Han reportli^ baals; 1953 1951,-July August September October NoTember December 1955-Janu«i7 February 1955 to data. Source! 2,81*2 8/ 790 178 -30'' 11*6 756 1><2 9 102 -59 99'' 178 38 875 135 1*0 7,593 1,21*6 IW 136 U7 118 133 939 1,121 1,393 1,1*86 1,''99 1,839 299 287 399 TlU 186 138 18 1,032 1,338 1,697 1,881. 2,000 2,061. 2,1.12 3,098 1«0 133 126 -1,061* 51 157 131. 21*7 -1*6 236 117 121 -52 177 250 91 96 97 260 137 39 50 201 155 2,333 939 1,090 See Table 2. Footaot«a on page ^. 131* 1,705 . . April 1955 .BUI3GET RECEIPTS AND EXPENDITURES- Footnotes to Tables 1/ 2/ ^ kj 5/ 6/ j/ 8/ 2/ 10/ 11/ w % 1^ 16/ 17/ For further detail, see tables under "Internal Revenue Collectloaa." Breatoiown was not made In the Dally Treasury Statement for yeara prior to 195^Beginning January 1951, the distribution of receipts between Individual Inccme taxes and old-age InsuraiKs taxes la made in accordance vlth proTlelons of Sec. 109 (a) (2) of the Social Security Act AB»ndmente of 1950, for appropriation to the Federal Old-Age and Surrlvore Insurance Trust Fund (see footnote 11). Taxes on enrployere and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C, IUOO-IU32) and, beginning with the taxable year 1951, tax on self-employed Individuals under the SelfBaployment Contributions Act (26 U.S.C. k^-h%^) Taxes on carriers wjt^ their employeea under the Railroad Retirement Tax Act (26 U.S.C. 1500-1536). Tax on employers of 8 or more under the Federal Un©iq)loyiiBnt Tax Act, as amended (26 U.S.C, I6OO-I6II). Through 1953, contributions to the Railroad Unemployment Insurance Admlnletratlon Fund were carried in the Dally Treasury Statement aB miscellaneous recelpte, while the 195^ Budget document includes them In employment taxes for those years. This difference in classification accounts for the difference In figures from the two sources. After 1953 ^® contributions are credited direct to the trust account. For amounts of the contributions, see "Treaeui7 Bulletin" for February 195^, P«g© 7. As announced February 17, 195^ (see April 195** "Treaaury Bulletin," page A-2); see also page 1, footnote 6. In the 1956 Budget document, internal revenue taxes not othervlee classified are Included In mlacellaneoue receipts. Includes proceeds from sale of surplus property and from Governmentowned securities; seigniorage; deposits resulting from renegotiation of war contracts {see "Treasury Bxdletin" for February 19^, page 5); and railroad unemployment insurance cantjributlone for administrative expenses through 1953 j after ^ich they are carried as trust account receipts under the Eallroad Retirement Board. Amounts appropriated to the Federal Old-Age and Survivors Insurance Trust Fund are equivalent to the amounts of taxes collected and deposited for old-age insurance (U2 U.S.C. hOX (a)). The Social Security Act Amendments of 1950, approved August 28, 1950 (6U Stat. U77), changed In certain respecta the basis of transferring the appropriated fundfl to the trust fund. Beginning January 1951, the amounte transferred currently as appropriatlone to the trust fund are baaed on estimates of old-age insurance tax receipts made by the Secretary of the Treasury pureuant to the provisions of Sec, IO9 (a) (2) of the Ameniments of 1950, and are adjxisted In later transfers on the basis of wage and aelf-emplc^rment Inccme records maintained In the Social Security Adjnlnlstratlon, Bccludes the Government's contribution for creditable military service under the act of April 8, 19i+2 (56 Stat. 20^*). Beginning 19^, amounts are appropriated to the Railroad Retirement Account eqiial to the amount of taxes under the Railroad Retirement Tax Act deposited in the Treasury, lees refunds, during each fiscal year (65 Stat. 222 and 66 Stat. 371), and transfers are made currently. Previously, annual appropriations were based, in effect, on estimated tax collections, with any necessary adjustznents made in succeeding appropriations. Interest on refunds Is included in Table 5 under "Other," Erpendltures are "net," after allowance for reimbursements to appropriatlons, receipts of revolving fund appropriations, and recelpte credited to disbursing accounts of corporations and agencies having authority to use collections without formal covering Into the Treasury. The figures include transfers to trust accounts. They exclude net investments of wholly owned Government corporations and agencies in public debt securities beginning 1951 (when these investments were grouped with those of trust funde and accounts), and public debt retirements chargeable to the Payments to the 8in}clng fund, etc., uaier special provisions of law. Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded fran both receipts and expenditures. Further information on these capital transfers may be found In the 1953 Annual Report of the Secretary of the Treasux7, page 332. Beginning November I9U9, interest on the public debt is reported as an expenditure when such interest becomes due and payable, as distinguished from the previous practice of showing the expenditure on the basis of Interest paid by the Treasurer of the United States. Consists of Veterans' Administration expenditures. Including the direct loan program. Includes transactions relating to the Foreign Eoooamlc Cooperation Trust Fund (see page l). 1 l8/ Ig/ 30/ 21/ 22/ 23/ J/T/ 2^/ 26/ 27/ 28/ 2^/ ^0/ ^1/ 3^ 2i/ lit/ ^J through 5 Net transactions by the Departments of the Air Force and the Poraj relating to "Deposit fund accounts" are Included under "Trust Account and Other Transactlona" Instead of "Budget Receipts aM ErpeaHtures" beginning 1952Includes retired pay for the military services beginning September 19^ and Interservlce activities beginning July I95U. Excludes certain erpendltures made on behalf of the Departanent of the Air Force out of I9U9 and prior year appropriations to the Department of the Army. Includes certain expenditures on behalf of the Department of the Air Force (see footnote 20). Consists of exx>endltures from funds appropriated to the President under the Mutual Security Act, approved October 10, 1951 (22 U.S.C. 1651), and the preceding Economic Cooperation Act; and Greek -<[^irklsh assistance. Consists of expenditures of the Atomic Qiergy Commission, Consists of payments under the Armed Forces Leave Act, expenditures for Burplios property disposal, and In 19^7 also national defense erpendltures of the Reconstruction Finance Corporation and certain other agencies; beginning 195^, includes direct forces support. Excludes Bank expenditures under the Mutual Security Act and the preceding Economic Cooperation Act of 19^8, as amended. Consists of exjwndlturea from funds appropriated to the President under the Mutual Security Act, and the preceding Economic Cooperation Act. After 1952, expendlturee for this purpose are not shown separately in monthly reports to the Treasury; those made by the Dep«a'tment of State (the greater part, currently) are Included under that heading in this table; those made by other agencies (principally the Department of th-3 Anny) are not Included In this table. Consists of expenditures under the Bretton Woods AgreementsAct (19^7); credit to the tfelted Elngdom (19'*7 and 19^*8); expenditures of the United Nations Relief and Rehabilitation Mmlnistratlon; relief to countries devastated by war; various other foreign relief programs; international children's emergency funds; and loan for construction and furnishing of United Nations Headquarters. Consists of expei^itures of the Department of Health, Education, and Welfare except the Office of Education, and of the corresponding component organisations prior to the establishment of this department on April 11, 1953; the Goverraaent ' s contribution under the Railroad Retirement Act for creditable military eerTice,and certain other Railroad Retirement Board expenditures through 1953; and also, beginning 1950, the school lunch program under the Departanent of Agricultxn-e Consists of expenditures of the Housing and Home Finance Agency, and of component organltatione prior to the establishment of this agency on July 27, I9U7; Federal Civil Defense Administration; and disaster relief. Consists of expendltiiree of the Department of Agriculture except the Forest Service and the school lunch program; and of the Farm Credit Administration. Consists of expenditures of the Departii»nt of the Interior; the Tennessee Valley Authority; the Corps of Qiglneers in the Department of the An^y (river and harbor works and flood control); and the Forest Service In the Department of Agriculture. Ccnsists of expenditures of the Civil Aeronautics Administration, Civil Aeronautics Board, Maritime activities and predecessor agencies, and Bureau of Public Roads, all now in the Department of Coionerce; the Coast Guard in the Treasury Department; and the Post Office Departii»nt. Figures prior to 195U include net erpendltures of certain working fuiKla of the Department in addition to the Postal Service Fund (advances to cover the postal deficit). Beginning with 195^, net experaiitures of the Department, including the Postal Service Fund, are on the basis of cash receipts and expeMlturea recorded in the accounts of the Department, Consists of expenditures of the Department of Ccannerce except those Inclined uMer "Treuisportatlon and communication"; the Reconstructlcn Finance Corporation (as In liquidation by the Treasury Department beginning July I95I*); Federal Facilities Corporation beginning July 195ii; the >^Tn*n Business Administration; the Economic Stabllltatlon Agency; ani funds appropriated to the President for the expansion of defense production. Incltd.ee expendlturee for executive departanente and other agencies not Included elsewhere and for legislative and Judicial functions. Less than $500,000. Treasury Jiulletin -TRUST ACCOUNT AND OTHER TRANSACTIONS. Table 1.- Summary of Trust Account and Other Transactions (In allllonfl of dollars) Trust accounts, etc. Not of trust account Fiscal year or Month and otiier trtusactlcEis l?"-? -1,103 W"* wkg -291* 1950 1951 1952 99 679 lUT Net Investments of ^ Net receipts, or expenditures (-) -U95 Nev reporting basis: Becelpts 2,619 2,658 1,890 6,2Vt 6,515 2/ -281 3,852 3,855 6,669 7,796 8,807 3,760 2,386 GoTemDent agencies In Expenditures (other than net Inrestmente) public debt securities Guaranteed 3,362 3,060 2,311 3,625 3,857 3,821.2/ 6,950 5,71'« Net redemptions, or sales (-), of securities of GoTemaent sgencles In the aarket 387 16 1.6 Not guaranteed -28 -123 28 -1402 8 lU 3,9'«5 '•,952 3,557 3,636 -10 -16 -371. 8,929 9,155 5,169 6,769 3,301 2,05'^ -7 -29 32 33 9,80U 11,283 8,308 2,1.51. 8,89'^ 2,751 31 20 -806 -1,022 k3k 1,22 't 660 -91 311 88 X/ 1953 '•35 195'' 328 1955 (Ket.) 1956 (Est.) -183 l,'i96 6111 2,390 igsit-Juij -169 -227 3011 697 -27 -6 -1 -161 90 '•57 -"130 370 800 -11.2 -5 28 sail 99't l<69 -32 890 573 167 191 -1 317 • 25 -313 -53 268 600 581 653 -131. 10 -79 -3 -521 uo -121 -331 October NoTSKber December -311 391 100 1955-January Tebruary 332 -U 61 526 788 August Septenber Source: Actual figures through 1952 are from the old Dally Treasury statement; actual figures on the new reporting basis are from the new "Monthly Stateaent of Pecelpts and Expenditures of the United States Government" (see footnote 3); estimates are based on the 1956 Budget document, released January 17, 1955, Including effects of proposed legislation. 1/ 2/ 3/ • -1.8 Excess or receipts, or expenditures (-). Excludes Foreign Economic Cooperation Trust Fund (see page 1). As announced Februory 17, 1951.: see page 1, footnote 6. Less than $500,000. Table 2.- Trust Account Receipts (In millions of dollars) Federal Old -Age and SuTTlTors Insurance Trust Fund Fiscal year or Bonth Ballroad Hetlremsnt Account 191.7 6,21.1. 191.8 19'i9 6,515 i/ 1,623 1,807 5,711. 1,92'. 797 625 1950 1951 1952 6,669 7,796 8,807 2,367 6 1.5 3, '.11 New reporting basis: 1953 1955 (Est.) 1956 (Est.) 195'. -July August September Trust Fund Goremment GoTemnent Life Insurance Fui^ employees* retirement fuids 1/ 1,501* 13". 7ltf) 90 92 87 678 850 1,289 1,313 1,173 1,281 l,5te 1,643 5,080 JUS Til 3,932 690 1,076 578 59U 680 809 850 912 Other trust funds and accounts 2/ 792 1,17'. U 529 1.03 681. 86 786 87 1,59't 1,1.92 637 619 79 575 621 78 75 3 61 .5 '•S 21. 51.5 597 U/ 8,929 9,155 195". 323 National Service Life Insurance Fund UnemployiBent '.,516 9,80U 11,283 5,771. 702 6,799 731 1,503 1,712 U31. 228 20 1.3 1,221. 761. 76 1.57 275 12 37 31 78 1. 961 691 UOI 712 l>6l 91.5 1.01 1.57 287 1.7 3 31 1.5 October Norember Deoenber 370 201. 35 l« 3 99'. 572 218 36 38 531 32 33 29 37 890 22 95 65 3 I16 1955-Januaiy Fobruaiy 268 600 115 17 65 23 157 ".3 3 32 2 25 35 277 Source: See Table 1. )J CoDslstB of ClTll Service and Foreign Service retlrsasnt fm^s. 2/ Includes Adjusted Service Certificate Fund, District of Columbia, Ii^lan tribal funds. Island possessions, Increment resulting from reduction In the weight of the gold dollar, and through June 1950 seigniorage on silver under the Silver Purchase Act of I93U. Thereafter any such seigniorage Is Included under budget receipts. Beginning with the fiscal year I95I., the 170 ^J 3 li2 U 31 BailroAd Unfloplojnent Insurance Adalnlatratioo Pood la clasaifled as a trust account. Instead of being handled through budget accounts as fonnerly (aee "Budget Becelpte and Ebcpendlturea," Table 1, footnote 10). Excludes Foreign Economic Cooperation Trust Fund (see page 1). As announced February 17, 195^; oee page 1, footnote 6. . . April 1955 .TRUST ACCOUNT AND OTHER TRANSACTIONS. Table 3.- Trust Account Expenditures Other Than Net Investments (In millions cf dolletre; negative flguree are eiceee of credlto) Federal Old-Age and SurvlTora Insurance Trust Fund rigcal year or month 3,625 3,857 82U 3,82'* 6,950 ig"*? 19l<8 19'»9 1950 1951 1952 y 195't 1955 (Eat.) 1956 (Eot.) . . . October Not ember December 1955.January February . . 173 559 661 222 278 78I* 301* Life Insurance Fund Government enployees * retirement funds 1/ Deposit fund accounts (net) i/ Other trust funds and accounts 2/i/ 372 67 323 1,073 2l*U 1,231* 611* 70 61 Ul* 77 526 370 387 1,01*9 996 82 222 268 271 300 1*13 -31*6 363 1*1*1 11*7 UU 1*95 -529 -558 869 859 282 302 1,31"* 3I18 2,026 900 2,988 367 y 1*11* 96 -I9I* 321 391 5,169 6,769 2,750 I165 1,010 3,W5 502 1,71*5 588 623 8,308 l*,l*59 531* 1*47 599 -UO lt,968 581 590 1,712 8,89lt 1,59"* 517 1*89 51*9 100 31* 1.6 1*5 1*7 5/ 6/ 1953 igSk-July August September 1.66 Govemnent National Service Life Insurance Fund 1,569 2,067 3,91*5 lt,952 New reporting baai Unemploynsnt Trust Fund Ballroad Betlreoent Account • . 10 7 -31. 660 526 788 300 295 382 79 UU 1*3 7 36 35 21 -126 66 1*3 179 180 172 800 1*1* 153 l*U 156 '•3 1*6 1*2 20 361* 16I* -103 573 35 36 35 -131. 1*5 6 6 6 33 -37 1*69 357 355 1*6 201* 1*3 35 181. 1*3 31* 28 -71 1.6 6 6 -11*7 370 25 581 653 1*5 127 _L Source: See Table 1, Service retirement funds. 1/ Consists of ClTll Serrlce and Foreign of Columbia, 2/ Includes Adjusted Service Certificate Fund, District Indian tribal funds, expenditures chargeable against Increment on Fund. Trust Aseletance Defense gold, and beginning 1950, Mutual Beginning vlth the fiscal year 1951*, includes also the Eallroad 3/ y 5/ 6/ Unemployment Insurance Administration Fund (see Table 2, footnote 2). certain Includes net Investments In public debt securities by accounts through 1950 (see Table 1*, footnotes 2 and 3). page 1). Excludes Foreign Economic Cooperation Trust Fund (see beginning 1952. Includes transactions by the Air Force and the Amy footnote 6. As announced February 17, 1951*! see page 1, Table 4.- Net Investments of Government Agencies In Public Debt Securities (In mllllona of dollars ; negative figures are excess of rodoii?)tlons) ^ Trust aooounta, etc. Fiscal year or month Federal Old-Age end Survivors Total trust accounts etc. Insurance Trust Fund BailToad Retirement Account Ubemployiflent Trust Fund — I9U7 191*8 191*9 1950 1951 1952 New reporting basis 353 -26 51*3 650 9U 8 573 583 -21*5 1 621* 1*1.9 280 202 590 -21*8 59 23 -65 252 1,963 1,850 11*3 -209 1*0 138 221 U6 -9 -12 311 70 150 -1.5 280 -81 83 I* -10 -10 -1.8 -150 105 -155 -11*2 -132 112 -21* -3 251* 21*1* 6 -120 62 9 1^ -160 -26 l.aait Ul*6 1.61 2,3U 3I16 -160 -i*oe 1,1*11* -721* 3,369 3,355 1,678 1,950 338 357 3,068 1,688 1,51*5 2,751 2,192 2,553 -91 -lOl* -1*02 3,557 3,636 2,051* 2,1*51* October November December 1955-January February 167 191 -131* -79 -336 -127 1,522 38 -32 51. -U3 -123 ^ 3/ See Table 1. Source: . ^ Service 1/ Consists of Civil Service and Foreign to 1951; prior "^"8 Fund Certificate Service Adjusted 2/ Con.lste of "'f for accounts which with that year. Includes also Investments of other and funds trust "Other under prior years are Included In Table 3 accounts" and "Deposit fund accounts (net)." ^^^^^"^^A^f-,.^ y • -7 Other trust funds and accounts 2/ Government corporations and agencies 1*1*7 9 -6 187 281 9 1 232 366 262 239 2 2 262 198 -5 32 £ 13 -3 -3 1 -2 -1 2 30 32 -3 -2 -2 31 1 15 -9 1 55 k/ 1955 (Est.) 1956 (Est.) . employees * r«tirement funds 1/ -1,91*6 1*1*3 569 195"* . Govemnent 282 363 11*8 3,362 3,060 3,301 August September. Government Life Insurance Fnnl 60 32 32 1,191* 1,191* 1,291* 3,362 3,060 2,311 1953 195l*-July National Service Life Ineuranoe Fund 2 -1* -10 -3 1* -63 -2 202 -1 1.9 corporations and agencies Consists of net Investments of Govenuaent under "Deposit fund which for prior yeare are Included in Table 3 owned Government accounts (net)"; and net Inveetnents of wholly are Included In corporations and agencies, which for prior years . budget expenditures. b. footnote As announced Febniaiy 17, 1951*! see page 1, Less than $500,000. , Treasury Bulletin . TREASURY CASH mCOME AND OUT&O. follow the method used previously for deriving cash Income and outgo from the transactions carried In the old Dally The caeh Income and outgo of the Treasury ahown In the 1 conelst of cash deposits and withdrawals In account of the Treasurer of the United States. This Is In line with the new reporting basis of the "Dally Effective Statement of the United States Treasury." Table Statement. setup, Some rearrangement has been made In the table principally to combine all receipts and all ex- penditures Instead of deriving separately the cash budget the Dally Treasury Statement shows deposits and withdrawals In the account of the Treasurer Budget results and trust account of the United States. and trust account transactions. and other transactions are now reported once each month In the "Monthly Statement of Receipts and Expenditures of respects. February 17, IS'y^, Reporting bases for the two statements differ In two Certain corporation and agenoy transactions In the United States 3ovemment" (seepage A-2 In the April 13^^ Issue of the "Treasury Bulletin"). securities which are not effected through the account of the Treasurer of the United States are Included In the Monthly Statement but excluded from the Dally Statement. Figures for previous fiscal years heretofore published These are eliminated from the Monthly Statement figures In arriving at the cash transactions shown In the tables have been revised to the basis of deposits a.nd which follow. Other differences arise because of the differences In timing, as between checks Issued (Monthly Statement) and checks paid (Dally Statement for expenditures or between collections (Monthly Statement) and withdrawals by eliminating corporation and agency transactions Included In the old Dally Statement but not cleared through the Treasurer's account. The cr.sh borrowing or repayir.ent ) of borrowing as now shown Is likewise based only on transactions cleared through the Treasurer's account. clearances (Dally Statement) for receipts. Thus an Individual transaction near the end of a month may be Included during that month In one statement but not and k Is given the reconciliation of until the following month In the other. These differences tend to correct themselves over a period of time, but for In Tables tl;e 2, 3, cash transactions with the budget and other trans- a given reporting date It Is necessary to include an adjustment figure to cover them. actions which formerly appeared In the old Ceilly Statement and now apptar In the new Monthly Statement. These tables Table 1.- Summary of Cash Transactions (In mlUlona of dollars) Caah traossotlcos othsr thaa borrovljig Fiscal 7«ar or aooth Cash daposlts Caah vlthdraw&lB WkT •3,590 36,921. igU8 191^ 1050 1951 1958 '•5,399 l>l,te8 '•0,970 36,W.3 53, '•39 68,093 1953 195^ n,3'»5 71,815 1955 (Est.) 1956 (Eat.) 66,703 Rev reportlne baele: Rot cash hoxTOVljig, or repajnent of Excsaa of depoaita, or bonroviiig (-) wlthdrawOa (-) 6,665 8,956 1,160 -2,117 -19,395 -7,333 -2,621 •,163 •5,726 67,786 7,71'^ -5,87^^ 307 -695 76,1107 71,97'^ -5,062 -159 113,087 lBOT9aM9, or docreasa ( - ) In Treasurer '3 cash halaoca -10,930 2/ 1,621 Hat receipts from exercise of oionstarj authority 1/ HenK>randuB: 60 37 I16 -1,'.62 2,OJl7 25 1,339 -388 68 •3 l/ WSk-Julr August Septaoher October Rcrramber D<^cember -2,299 2,096 56 73 •5 -2,387 2,763 2,255 621 66'Mi 68,2li3 591. -59^^ 2,958 5,375 5,280 5,11* 7,788 -2,186 -356 -2,51.2 2 -2, '•12 3,6'^5 5,361. -81. -2S9 1,233 -313 3 2,617 5,122 5,096 -2, •78 2 61.1 1. 6,1*1 71* -1,775 3,996 -107 1,518 '.,37l^ li,6a6 -31I9 -2,121. 2 11,299 -1,766 35 li 1955-Januar7 February March 5,009 5,'*1 6,932 259 -1.51 2 SB"; -lUl l.,010 -'•,270 6S2 -260 i 10,9l»3 1955 to date •7,527 51,589 -'•,062 2,10.6 -1,616 6,306 -710 Source I Aotnal figures throi^h 1952 are based en the oM Dnll; Treaaoi; Statement; actual flg\irea 00 the nev reporting basis are based on the Hew Daljj TreaexOTr Statement, except the nemorandujr Item, which Is froo the new "Monthly Statement of Recelpte and Eipendlturea of the United Gtatee Ckjvomment" eetlmateb are based on the 1956 Budget document, released Jannai? 17, 1955, Including effecta of proposed leglelstlon. Figures in the first four colunns of this table nay differ sonewhat frcn those orginally published in the Dally Treasury Stateaent because of subsequent reclassification of certain transactions. ; 1/ Conaluts of eelgnlorage on allTer and. Increnant resulting froo reduction In vel^t of the gold dollar. This Item Is part of the caah budget receipts ahovn In these tablee, but Is excluded from the Bureau of the Budget figures for "Receipts from the public." In addition to thie decrease In the balance In the Treasurer's accotmt, the Exchange Stabilisation Fund was drawn dovn by $1,800 million for subscription to the capital of the International Monetary Fund. For explanation, see headnote. Mot aTallable. April 1955 .TREASURY CASH INCOME AND OUKK). Table 2.- Derivation of Cash Deposits (In mllliona of dollars} Budget (net) 1/ 19''7 igW 19'»9 1950 1951 1952 39,786 1*1, U88 37,696 6,2l»Jt 36,1.95 1*7,568 61,391 Hew reporting basis: Trust account Total 1)6,030 1*8,003 -39 6,515 5,711* 1*3,1*10 -1* 6,669 7,796 8,807 1*3,161* -1 -1 -1 55,361* 70,198 ^ 6I.,825 6I..655 8,929 9,155 T3,75lt 195l» 1955 (Eot.) 1956 (Eot.) 59,000 60,000 9,801* 68,801* 11,283 71,283 I131* 3,261 5,135 1953 195l»-July August. September. .......... October Noreaber December. ........... 1955-Jenuary Febru£Lt7 , 2,827 3,911 1,221* 73,811 1*,951 1.57 5,1*08 2,639 370 3,009 li,201 991* 3,7te 890 5,191* lt,632 lt,655 268 600 6,027 5,1*27 Noncash Items deducted from budget receipts - excess profits tax refund bends 2/ Plus: Pecelpte Fiscal 7«ar or month 11,923 -Ifl Treasury Bulletin 10 .TREASURY CASH INCOME AND OITTGO. Table 3.- Derivation of Cash Withdrawals (In Billions of dollars) 11 April i955 .TEEASUEY CASH MCOME AND OUTGO. Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing (In millions of dollare: negative figures Indicate net repajment of borrowing) Fiscal year - ., Treasury Bulletin 12 DEBT OUTSTANDING AND TREASURER'S ACCOUNT Table 1.- Summary of Federal Securities (In Enl of riacal y»ap or lUloofi of dollars) Guaran* GuaranTotal 1/ oath 19''7 19W 19'>9 1950 1951 1952 1953 195* PutUc 258,376 252,366 252,798 257,377 255,251 258,286 252,292 252,770 257,357 255,222 259,151 266,123 271,31*1 259,105 266,071 271,260 1.6 90 73 27 20 29 255,197 250,132 250,785 255,226 252,879 Public debt t«ed aacurltl»a 2/i/ Public dabt t«ed eacurltlae 2/ dsbt Maturad dabt and debt bearlog no lnt«r«et Intaraet-bearlne dabt Total outatandlng 255,113 250,063 250,762 255,209 252,852 83 3,179 69 2,231. 21. 2,012 2,150 2,372 17 27 256,863 52 81 256,907 263,997 268,990 268,910 51 80 263,91.6 MooetalT Funl it/ Total I 3,173 2,229 2,009 231 280 1,721. 2,370 265 512 1,161 1,063 1,270 1,283 2,2l.l> 2,21.2 1.19 1,271. 2,126 2,351 2,125 2,350 298 1,302 1.37 1,1.11 2,11.8 21.5 Other 2/ Guaranteed aacurl tlea 2/ (utufed) 1,218 788 701 613 575 6 5 3 2 2 1 550 525 502 1 1,063 12 511 1 1 Debt peak: 279,7611 279,21'» 551 278,1.51 277,912 539 1,313 1,301 238 275,2liJ> 275,168 76 272,956 272,881 75 2,288 2,287 1.36 igS^-Julj August. . September, 271,005 270,98it 27lt,955 27lt,8l0 21 27 268,699 272,719 268,681 272,693 19 1,1.1« 1.99 3"tl 272, Wrf) 339 1,1«6 1,538 1.95 272,1.67 2,303 2,262 2,370 362 29 2,305 2,263 2,371 1.93 2 1 1 October Hovember., December. 278,786 278,888 278,752 278,853 278,750 31. 276,1.32 276,51.5 275,761. 276,1^)0 2,353 2,352 1 1 3,019 1,5W. 1,553 1,528 1.90 3,020 318 299 1,003 1.90 276,511 275,731 33 33 33 1955-JaDuaz7 . . PebruaJT.. 278,1163 278,439 278,182 21. 275,718 275,590 275,696 275,565 22 25 2,71.5 2,71.3 2,61? 2,617 729 596 1,528 1,536 Feb. 19lt6 1953 '^c ember. . . , 27'»,982 27'»,838 278,7811 278,209 3'> S* 27 Source: Daily Treaaurj Statement. 1/ locludee certain obllgatlona not eubject to statutory limitation. For amounts subject to limitation, see page 1. deludes guaranteed aecurlties held by the Treasury. For current month detail, see "Treasury Survey of Ovnership." Special notes of the United States Issued to the International Monetary FuM In payment of part of the United States subscription. i Table 2. 26 27 5/ 2,31.3 1,31.0 1.88 1 U87 2 2 1.86 purauant x,o prvTlsloos of the Brettoa Woods Agreementa Act, The notes hesir no Interest, are nonnegotlahle, end are pej^alile on deaand. Similar not«s issued to the International Bank and outstanding 19^7-19^9 are Included ualer "Other." Incliides BSTlnga stanpe, excess profits tax refund bonis, currency items, and notes issued to the International Bank (see footnote 4). For current nonth detail, see "Statutory Debt LimitatloQ," Table 2. Interest-Bearing Public Debt (In millions of dollars) Public Issues b^ Total Ronmarke table of fiscal year or Interestbearing public Total public onth debt laeuea 191.7 19l«8 19*9 1950 1951 Treasury bonds BlUe 255,113 250,063 250,762 255,209 252,852 227,71.7 168,702 219,852 217,986 222,853 218,198 160,31.6 155,11*7 lltO,W7 155,310 137,917 Certlf. Icatee Bank eligible Bank restricted 1/ other bonds 2/ U. 8. savings bonds TreaeuT7 eaTinge notes 13 ,614 25,296 22,588 29,427 I8,4l8 9,509 8,142 11,375 3,596 20,4o4 35,806 69,686 62,826 60,789 53,159 42,772 49,636 49,636 49,636 49,636 36,061 166 164 162 160 156 59,045 59,506 62,839 67,544 80,281 51,367 53,274 56,260 57,536 57,572 5,560 4,394 4,860 8,472 7,818 18,963 30,425 31,960 46,200 63,980 71,706 27,460 17,245 8,672 142 124 96 78,717 76,073 76,326 57,685 57,886 58,061 6,612 4,453 5,079 15,775 13,757 11,536 13,533 Treeeui7 forces bonds, leeve investbonds ment eeriee Aned Special Issues 27,366 959 954 954 14,526 325 316 369 285 319 14,046 13,288 12,775 447 411 37,739 40,538 42,229 1,793 563 396 297 47 Other 30,2U 32,776 32,356 34,653 1952 1953 195* Debt peak: Feb. 191.6 256,863 263 ,91.6 268,910 219,121. 223,1.08 226,681 11*7,335 150,351. 17,219 19,707 19,515 28,423 15,854 18,405 277,912 257,016 199,810 17,032 41,413 19,551 68,207 53,427 180 57,206 48,692 8,043 471 80,897 1953 -Dec... 272,881 231,681. 154,631 19,511 26,386 31,406 63,820 13,400 107 77,053 57,710 6,026 12,902 416 41,197 195i.^uly.. Aug... Sept.. 268,681 272,693 226,528 272, 1.W 230,033 150,342 154,020 153,963 19,512 19,508 19,510 18,405 18,277 18,184 31,964 31,967 32,001 71,706 75,511 75,512 8,671 8,671 8,671 85 85 85 76,186 76,194 76,070 58,005 58,078 58,088 4,993 4,929 4,829 12,771 12,767 12,734 417 419 419 42,152 42,479 42,407 Cot Hot ... Dec... 276,l«)0 234,161 234,160 233,165 158,148 158,152 157,832 19,509 19,507 19,506 18,184 18, 184 28,458 36,188 36,196 28,033 75,512 75,512 76,044 8,669 8,668 5,706 85 85 85 76,014 76,008 75,333 58,126 58,186 57,672 4,766 4,704 4,548 12,701 12,693 12,681 422 425 433 42,238 42,351 42,566 1955 -Jan... Feb... 275,696 275,565 233, l«7 157,834 157,752 19,507 15,505 28,462 28,037 35,280 81,758 71 57,967 58,225 12,677 12,651 452 71 75,593 75,765 4,498 8l,4i.l 42,268 42,047 276,511 275,731 230,211. 233,517 21,1*55 Souroa: Dally Treasury Statewnt. 1/ Issues vtalch cooMsrclal banks (banks accepting demand depoalta) vore not permitted to aoqulre prior to specified dates, except that! (1) concurrently vlth the 4th, 5th, and 6th War Loans and the Victory Loan, they vere permitted to subscribe for limited Inrest^mt of their saTlnge 4,4i.3 373 447 deposits; (2) they might temporarily acquire such Issues through forfeiture of collateral; (3) they might hold a limited amount of such issues for trading purposes. CoQslsta of postal sstIi^s and Panama Canal bonds. Consists of depositary bonds. ,. . ., , 13 April 1955 DEBT OUTSTAHDIMG AND TREASUTOS'S ACCOUNT Table 3.- Special Iseuee to United States Government Investment Accounts (In Blllloiu of dollara) Federal Deposit Insurance Corporation End of fiscal 7Baj* or Bonth Vj'^l 27,366 "•08 V)K& 30, 2U 19''9 32,776 32,356 3'>,653 549 666 808 868 37,739 888 '•0,538 It2,229 eit6 1950 1951 1952 1953 195^ 892 Federal Federal hone loan banks Federal Savings and Loan Insurance Corporation OU-«ge ai]d SuTTlTors Insurance Trust Fund 7, Id 7,709 9,003 37 U7 QoTemnsnt Life Insurance Funl atlonal Service Life iQflurance FuM Postal Savlnge System 1/ Pallroad Petlrenant Account Unemployment Trust Fund 62 1^ 95 79 86 2,"^60 1,251» 6,1(71* 2,823 3,270 3,817 1,286 1,318 1,292 1,300 6,935 7,288 1,300 1,299 5,191 552 "•52 2,863 3,128 7,71.5 5,21.9 1,23'» 5,272 213 3,3'>5 8,02"t 119 77 10, "tie 50 50 232 l"»,0"^7 79 5,01"* 15,532 17,054 61 8"t 5,602 5,85U 12,096 GoTemmant employees * retlrenent funds "•,391 1,628 1,912 1,952 1,802 706 5,3'»2 5,"t36 806 7,U2 1,37". 7,500 1,720 2,058 7,3"^0 2,'.l'. 6,616 7,266 8,287 Other 30 U 7 6 13 9 32 2U 1953 -Deccnber "11,197 813 53 16,006 60 5,6'.5 1,219 5,219 358 3,236 8,580 19511-Julj '12,152 te,li79 21(8 17,12 It 213 7,979 17,357 5,272 5,262 5,252 2". 17,27"t 1,229 1,226 1,223 3,300 3,338 2146 5,887 5,988 5,886 7,87". 2li7 82 83 85 220 lia,W)7 892 892 893 206 3,3'^2 7,82". 77 92 "12,238 '•2,351 "•2,566 896 882 860 2l42 17,333 17,333 17,577 86 88 91 5,917 5,918 5,918 1,220 1,218 1,216 5,252 186 3,310 7,70'. 5,21.9 5,2"<8 16". 3,36'^ l6U 3,370 7,766 7,775 ,268 916 876 266 261 17,'^6"i 93 138 3,33'^ 9"^ 1,212 1,208 5,2"* 17,316 5,915 5,915 Au^uet. . September, , October,, Hot ember. December, 1955-January,. February, "•2 "t2,0"»7 262 263 m 5, 23'' 7,595 7,569 3,370 92 108 91 92 9"^ funds. Farm Tenant Mortgage Insurance Fund, and Veterans' Special Teim Insurance Fund. Source: Dallj^ Tpoaaury Statement, 1/ Includes Cemal Zone Postal Savlnge System. 2/ Consists of MJuated Serrloe Certificate Puod, various housing Insurance Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities (Dollar amounts in alUions) , Total interest -bearing securities End of fiscal year or month Amount outatanding Public debt wnrt guaranteed securities 1/ Public debt Conrputed annual Interest rate Computed annual interest charge Public debt and guaranteed aecurltlea 1/ Public debt 255,197 250,132 250,785 255,226 252,879 255,113 250,063 250,762 255,209 252,852 5,376 5,37lt 5,'.57 5,'t55 5,606 5,613 5,606 5,613 5,7l^O 256,863 195"t 256,907 263,997 268,990 1953-Ilecember. 272,956 19"^7 191.8 191.9 1950 1951 1952 1953 195"^-July August. .. September October. November. December. 1955-Januar7 February,, . Public debt Total Interestbearlng securities Marketable Issues Total public debt 5,7"") 2.107 2.182 2.236 2.200 2.270 2.107 2.182 2.236 2.200 2.270 5,982 5,981 2.329 2.329 263,91.6 6,1.32 6,1.31 2. ".38 268,910 6,300 6,298 2.31.2 2.1.38 2.31.2 272,881 6,587 6,585 2.I.II. 268,699 272,719 268,681 272,693 272,1.67 272,1.40 276,1.32 276,51.5 276, MX) 275, 76U 276,511 275,731 275,718 275,590 275,696 275,565 Total 2/ 1.871 BiUs Certificates y anteed securities 1/ 2.593 2.623 2.629 2.569 2.623 2.510 2.588 2.596 2.589 2.606 1.560 1.754 1.838 2.317 2.1.1.0 2.659 2.720 2.751 2.671 2.578 2.575 2.547 2.1.82 1.765 2.393 2.725 2.7lt7 2.551 .725 .759 .899 1.928 1.299 1.292 1.838 1.838 1.838 2.1.1.0 2. "126 2.1«6 2.753 2.755 2.757 2.671 2.667 2.667 2.689 2.633 2.628 .981 .998 1.813 1.813 1.795 2.1.26 2.1.26 2.1.80 2.759 2.761 2.766 2.669 2.667 2.66". 2.615 2.618 2.613 1.795 1.818 2. ".80 2. ".81 2.769 2.770 2.665 2.668 2.667 2.644 .875 l.Oll. 1.01.2 1.20". 1.176 1.187 1.569 1.225 1.163 1.875 1.375 2.051 2.207 1.7U 2.251. 2.01.3 .8k3 1.875 2.319 1.928 2.l»llt 2.170 1.510 2.33". 2.33'* 2.292 2.302 2.292 2.302 2.027 1.960 1.977 6,352 6,359 6,316 6,351 6,359 6,315 2.298 2.300 2.291 2.298 2.300 2.291 1.978 1.980 1.963 I.06U 1.292 1.292 1.255 6,33". 6,333 6,366 2.298 2.311 2.298 2.311 1.973 1.1"^9 1.255 1.99'* 1.221 l.J3'l 4/ able issues Special Issues 2.307 2.309 2.313 2.322 2.327 .382 1.9't2 6,271 6,250 6,271 Source: Dally Treasury Statemnt. 1/ Excludes guaranteed securities held by the Treasury. 2/ Total Includea "Other bonde"; see Table 2. i/ Included In debt outstanding at face amount, but discount value Is ueed Treasury bonds 2.001 1.958 1.981 6,272 6,251 6,272 6,366 Guar- Henmarket- 1.1.1.8 1.3I.'. 1.399 2.31.2 2.675 2.7'^6 1.758 1.92<* 2.210 2.684 2.656 In ociBputing annual Interest charge and annxial Interest rate. The annual Interest charge and annual Interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outstanding. Treasury Bulletin lJ^ DEBT OOTSTANDING AND TREASURER'S ACCOUNT Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies (In millions of dollara) i^ : . : April 1955 15 STATUTORY DEBT LIMITATION The Second Liberty Bond Act, ae amended ( 31 U,3.C, 757 b), provides that the face amount of obligations Issued except that this amount was Increased by $6 billion beginning on August 2S, 1954-, and ending on June 30, 1955. by Public Law 6S6, approved August 2S, IS^k (6S Stat. 895). under authority of that act, and the face amount of 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 Obligations Issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are Included In th*^ statutory debt limitation at current redemption values. aggregate $275 billion outstanding at any one time, Table 1.- Status under Limitation, February 28,1955 (In mlUlone of dollars) Maximum amount of secuntlee ^Ich may be outstanding at any one time, under limitation Impoaed by tho act of June 26, 191*6 (31 U.S.C. 757 b), as Increased temporarily by the act of August 28, 1951* 281,000 -. Amount of securities outstanding subject to such statutory debt limitation: U. S. Govemment securities Issued under the Second Liberty Boai Act, aa amended 277 670 Guaranteed securities (excluding those held by the Treaainy) 27 Total amount of securities outstanding subject to statutory debt limitation ;. Balance issuable under limitation Source: 277,697 3,303 Bureau of the Public Debt. Table 2.- Application of Limitation to Public Debt and Guaianteed Securities Outstanding February 28,1955 (In millions of dollars) Class of security Public debt: Interest -bearing securities! Marketable Treasury bills Certificates of indebtedness Treasury notes Treasury bonds Postal savings and Panama Canal bonds. Total marketable. Nonmarketable U. S. saTlngs bonds {current redemption value). Treasury savings notes Depositary bonds Treasury bonds , investment series Total nonmarketable Special Issues to Oovemment agencies and trust ftaids. ToteO. Interest-bearing securities Matured securities on vhlch interest has oeaaed Debt bearing no interest: United States savings stamps Excess profits tax refund bonds Special notes of the United States: International Monetary Fund Series United States notes (less gold reserve) Deposits for retirement of natloiua bank and Federal Reserve Bank notes. Other debt bearing no Interest Total debt bearing no interest. Total public debt Gxiaranteed securities: 1/ Interes t -bearing Matured Total guaranteed securities Total public debt and guaranteed securities. Subject to statutory debt limitation 19,505 21>55 35,280 81,1jU1 157,682 58,225 12,651 75,765 i*2,0li7 275 ^UoU 590 U9 1 1,536 1,586 Not subject to statutory debt limitation Total outstanding 16 April 1955 17 .DEBT OPERATIONS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Becurltles Issued by the United States Government and Outstanding February 28, 19551/- (Continued) (In mllllona of dollars) Treasury Bulletin 18 DEBT OPERATIONS. Table 2.- Offerings of Treasury Bills (DoIXqj* anoun'te In mlUlooui) 19 April [955 DEBT OPERATIONS. Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Data - 20 .DEBT OPERATIONS. Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Callad or atarlng •ovrltgr \l Disposition offers toy TreaBury Data of refnnrtlng Besolta of exchange offers Uliimt or ratlre* Issue date Deecrlptlon outstanding Casta retire MSt Kxchai^e seourltj offered Description of new security offered Turned In for oaah 2/ Exohai^ed (In Bllllona of dollar*) 2/15/53 1-7/8* Certificate - 2/15/53-A 3/1/52 8,868 8,868 8,734 134 2-1/4* Certificate 2-1/2* Bold , I 6A/53 6/15/53 1-7/S* Certificate Bonl 2* 6/1/53-B 6/15/53-55 7/1/52 10/7/40 4,963 725 5,688 8/15/53-C 8/15/52 2,8as 7,986 Total 8/15/53 25t Certificate 9/15/53 21( Bool 9/15/51-53 9/15/43 12/1/53 2-1/8* lote 12/1/53-A 10/1/52 2-l/li* Certificate 2/l5/5'»-A 2/15/53 Z/IS/SU 2/ 553 277 5,688 4,858 829 2,882 2,788 7,986 7,721 10,042 4/ 10,042 9,923 118 '1-7/8* Bote I2-I/2* Bond 8,114 8,114 [5,647 12,360 108 '1-5/8* Certificate 12-1/2* Bond - 6/1/54-B 93 2-5/8* Certificate - 8/I5/54-D 266 [2-5/8* Certificate 12-7/8* lote 3/l5/5lt-A 12/15/49 4,675 4,675 1,360 3,237 78 Bold 2* 2-1 A* Bond 6/15/52-51. 6/26/U4 2/25/42 7/22/40 5,825 1,501 681 5,825 1,501 681 4,083 1,128 369 1,743 6/ 373 20,796 20,796 1B,184 2,612 6/ 6/15/52-55 6/15/54-56 Total. Bold 2* 2-1/4* Bonl 2-1/4* Bond 2-5/8* Certificate 2-5/8* Certificate 9/15/54-B 3/15/57-A 12/15/54-B 12/15/58 3/ - 2/15/55-A 11/15/61 1-5/8* Certificate 12-1/2* Bonl 2/15/55-A 11/15/61 1 2-1/2* Bond - 11/15/61 3ii57 7,007 total of 1-5/8* Certificate [11,177 total of 2-1/2* Bond ( 1,743 373 311 1,743 373 311 1,505 322 273 23B 51 38 1-1/8* Certificate 6/1/54-B 6/1/53 4,858 4,858 Jl,786 (2,897 175 (1-1/8* Certificate I1-7/8* Bote 7,285 7,285 6,783 502 f3,886 total of I-I/8* Certificate 12,897 total of 1-7/8* Bote 2,788 2,788 (1,005 11,728 55 8/15/54-D 8/15/53 9/15/54-B 9/15/53 Total 4,724 4,724 J2,553 12,078 93 7,512 7,512 7,364 148 12/15/54-B 12/1/53 8,175 8,175 [4,498 p 3,289 p 346 p 43 p 2* 12/15/52-54 12/1/44 8,662 8,662 407 P 1,983 P 6,029 P 243 P 2* 12/15/51-55 12/15/41 510 510 14 p 88 p 380 p 29 P 17,347 17,033 P 315 P I105 p |326 P 1-7/8* lote 2-->/eil, 6/2«/44 2/25/42 7/22/40 8/15/54 2-5/8* Certificate . 6/15/52-54 6/15/52-55 6/15/54-56 Total 12/15/54 Certificate 1-3/8* Bote 2-1/lt* Bond 5/17/54 4,410 448 4,963 725 2/15/54-A 12/15/58 ll '1-1/8* Certificate I2-I/8* Bond 5/17/55-B - 5/17/55-B 2/15/59-A 8/15/55-D - u/15/60 - ri-1/8* Certificate L2-1/6* Bonl 8/15/55-D 11/15/60 [3,558 total of 1-1/8* Certificate l3,806 total of 2-1/8* Bonl fl-l/8)t Certificate 8/15/55-D 11-1/4* Certificate - 12/15/55-B 12 -1/2* Bond 8/15/63 1-1/8* Certificate 1-1/4* Certificate 2-1/2* Bond 8/15/55-D 12/15/55-! 8/15/63 i-l/8* Certificate 1-1/4* Certificate - [2-1/2* Bond - - 8/15/55-D 12/15/55-B 8/15/63 4,919p total of 1-1/8* Certificate i' Total. 17,347 5,359p total of 1-1/4* Certificate 6,755p toteJ of 2-1/2* 2/15/55 1-5/8* Certificate 2/15/55-A 2/15/54 7,007 7,007 J5,735 P 11,166 p 1-1/2* lote 3/15/55-A 3/15/50 5,365 5,365 J2,414 p 12,686 p 2-7/8* Bonl Total. 3/15/55-60 3/15/35 2,611 2,611 323 P 11,923 P ,' I 364 p 11-5/8* Bote - Bote - fl-5/8* Bote Bote 12* - (i-5/8* Bote Bold - 2* |3* - BoM 3/15/56-A 8/15/57-C 3/15/56-A 8/15/57-C 3/15/56-A 2/15/95 [8,472p total of 1-5/8* Bote 14,983 14,983 14,187 p 795 P 3,792p total of 2* [l,923p total of 3* Source I Bureau of the Public Debt. Original call anl aatunty dates are used. All by Inrestore other than Federal Beserre Banks. 1; The 2-1/2* bends aturlng December 15, I958, vere reopened for the Dece«ber 1, I953, refunding (eee Table 3). On Boreaber 9, I953 the Treasury purchased frou the Tederal Beserre SjtUm and retired t500 mlUlon of the 2-1/8* Treasury notes Baturing DecMsber 1, I953. For further detail see "Treasury Bulletin" for BoTMber 1953, page A-1. gV 7/ p Bote Bond For details of exchange offering see Table 3, footnote 13. It had been announced that holders of these bonds would be given an opportunity to exchange them for another Treasury issue after February 15, 1954. This exchange offering was Included in the refundlngs of May 17, 1954. The 1-1/6* certificates maturlnA August 15, 1955, were reopened for the December 15, 1954, refunding. Preliminary. April {955 .. ., Treasury Bulletin 22 .UNITED STATES SAVIW3S BONDS. Table 3.- Sales and Redemptions by Periods, Series E through K (In llllooa of dollsre) Accrued discount Psriod Sales plus accrued discount Redemptions i/ Series E and H combined Fiscal yeare: it6,*00 19''l-19'i7 19W *,026 *,278 3,993 3,272 3,296 *,06l *,653 19^9 1950 1951 1952 1953 195* Calandar years r 19'*1-19'>7 *8,230 *,22* *,208 3,668 3,190 3,575 *,368 *,889 19*8 19*9 1950 1951 195a 1953 195* Monthe: 195*-Julj August. Septomber 393 *15 October . Horeaber. December. 369 38* **5 1955'^anuai7.. February. 573 , Fiscal years: 19*1-19*7 19*8 19*9 1950 1951 195a 1953 195* Calendar /ears: 19*1-19*7.. 19*8 19*9 1950 1951 195a 1953 195* ... Months: 195*-July August Septeober, , October... Rot ember. December.. 1955-Januai7.., February 367 I165 1,388 Sales price k/ Aaount outstanding Accrued discount Intereet-bearing debt Matured debt : ,. April 1955 23 .UNITED STATES SAVIKGS BONDS. Table 3.- Sales and Redemptions, by Periods, Series E tnrough K (Continued) (In BlUlona of dolJ.areJ Accrued discount Redemptlona 2/ Salea plus accrued discount ^ Sales price i/ Accrued dlecount Amount outstanding (interestbesrlng debt) yisoal years: 191,1-191,7 , 1,6,IK)0 1,,026 1,,278 191,8 19^9 1950 1951 1952 1953 , 1951* 1,388 633 '17,788 (,,659 753 5,032 I*, 887 I,, 307 It, 377 u.aai 3,993 3,272 3,266 3,700 3,988 895 1,035 1,111 1,120 1,126 1,8,230 16,997 3,825 3,530 3,521 198 136 162 195 307 30,791 31,625 33,127 1*25 31*, 500 35,661* 36,1*58 5,111, "•,319 16,799 3,689 3,368 3,326 3,987 3,583 3,532 3,765 1,9,918 18,921 3,728 18,661 3,575 260 i»,920 5,025 3,1*1*8 3,271* 171* 30,997 32,188 33,766 l,,639 3,667 3,688 3,622 3,609 3,871 21*5 31*, 1*93 i*,295 l,,008 i*,032 31,, 1*91* 31*, 506 551* 875 Calend&r years igJ^i-w"*? 191,8 19l»9 It, 221, 1950 1951 1952 1953 3,668 3,190 3,393 3,906 WSU l,,023 1,687 696 818 971 1,080 1,120 1,128 1,126 306 338 303 110 80 80 301 78 95 l,,208 270 3,912 I*, 036 '•,513 l*,098 5,031* i*,li*l 5,11*9 l,,l,06 1,16 I,, 151* 31*8 31* 1*76 35,11*3 531 535 36,036 36,778 ,727 Months: 195U-July August..., September, October. . November. December. 1955 -January.., February. 31*3 371* 31*9 336 318 38 31 36,533 36,568 379 321 336 399 289 289 33 31*3 56 36,626 36,698 36,778 399 339 332 251 68 88 36,909 37,011 313 356 123 1*79 1,18 113 531 357 81, 1*1*1 Series H g/ fiscal years: 36,1*89 385 1,18 381* 5/ 1*2 1*6 5/ . , . Treasury Bulletin 2U .UNITED STATES SAVINGS BONDS. Table 4.- Redemptions of Matured and Unmatured Savings Bonds (In allllona of doLl&re) Matured bondB Perloi 2/ Total Atur«d riecal years I 1951 1952 1953 195* 6,137 5,109 5,621 6,515 Calsodar years: 1950 1951 1952 1953 195"* Months! 195''-Julj 5/. Augnat... Septaaber October.. Not ember. Becenber. 1955-Januai7 . February. . Series A-D For caab Umetured In exchange for Series G ant E Serlee r anl C Total umatured ^ tiondB Sales priced/ Accrued discount ... .. April [955 25 .TREASURY 3AVIS03 NOTES. Similar information with respect to the offering of the eEirlier series was published currently in the "Treasury Treasury tax and eavlnge notes have been Issued as Tax Series A from August 1, 19'<-1, through follows: June 22, 19'^3; Tax Series B from August 1, Ijl^l, through September 12, 191*2; Bulletin," Tax Series C ) from September 1^, \3^, through August 3I, 19'tS; Savings Series D from September 1, 191+8, through May lit, I95I; Savings Series A from May I5, 1951, through May "iM, 1953; Savings Series B from May I5, 1953> through September 25, 1953; ^'^^ 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 annual series have matured, when ^ "^w Savings Series C from through October 23, I953, when sale of these Details concerning terms and notes was suspended. conditions for purchase and redemption and information on October 1, investment yields of Savings Series C and appears also In the "Annual Report of the Secretary of the Treasury" for appropriate years. Savings Series C (originally designated they are transferred to matured debt upon which interest has ceased. appear in the page A-1. October 1953 issue of the "Treasury Bulletin," Table 1.- Sales and Redemptions by Series, Cumulative through February 28, 1955 (In mllllona of dollara) Amount outstanding Redemptions Sales l»07 Series A (tax eerles). For cash Total 1/ Series B (tax serlee). Interest-bearing debt M16 68 1/ 339 lt,9'l'> 183 1/ i<,76l Seriee C. 32, 1*38 1/ 3S,'*35 11,042 21,393 Series D. 12,333 12,330 9,261t 3,066 Series A. 9,187 8,9UO '',576 11,361. 236 Series B. h,6n 1,003 502 501 3,669 Series C. Total. 660 Ite 1.9 611,659 60,199 25,683 3'', 92 538 516 'i,W»3 Matured debt 18 of Tax Series A-19I15 and Series C. Less than $500,000. Source: Office of the Treasurer of the D. S.i Dally Treasury Statanont. 1/ Incliaies exchanges In connection with the offering In September 191*2 Table 2.- Sales and Redemptions by Periods, All Series Combined (In millions of dollars) Aaount outatandlng Bede^tions 1/ Interest-bearing debt Matured debt Fiscal years: 35,W*9 2,11*4 191*8 191*9.... 3,99"* 1950. . . 1951. . 1952.... 1953.... 1954.... 6,150 5,142 4,965 4,224 2,591 . 5,560 4,394 4,860 8,472 7,818 6,612 4,453 5,079 28 35 1,U4 23,789 1,331 1,453 1,039 1,166 2,737 2,082 849 6,909 2,446 1,584 1,802 5,657 2,564 3,699 918 24,377 1,424 1,366 790 1,265 2,946 1,783 552 5,384 4,572 7,610 8,640 7,534 5,770 6,026 4,548 94 66 49 40 47 28 20 28 65 23 4,993 4,929 4,aS9 10 9 9 29,861 3,303 3,532 2,549 5,799 6,174 6,388 1,963 6,071 1,972 2,079 1,510 4,633 3,437 4,307 31,287 3,871 2,951 2,592 6,922 5,510 5,486 1,469 32 20 18 14 10 11 Calendar years: 36,764 3,032 5,971 3,613 5,823 3,T26 5,730 191*1-1*7. 191*8 19'*9.... 1950.... 1951. . . 1952..-. 1953.... 195I*.... 1951* -July August.... September. October. . RoTember. December. . , 1955-Januflry... February . , Source: Office of tlie I . 64 101 56 8 90 11 64 58 6 62 136 59 129 3 6 4,766 4,704 4,548 8 8 28 56 59 50 54 6 6 4,498 4,443 22 18 I treasurer of the U. S.; Dally Thasuir Stateaent 1/ looljrtes both oatured and unmatured notee. Treasurij Bulletin 26 .OWNERSHIP OF FEDERAL SECURITIES. Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues (In allllona of dollare) 8 , 1 8 6 7 5 3 9 3 9 3 3 6 2 9 7 5 1 S C U 7 9 1 3 April [955 27 .OWNERSHIP OF FEDERAL SECURITIES. Table 3.- Eetlmated Ownership of Federal Securities (Par Taluea 1/ - In bllllona of dorUre) Held by banks Total Federal eecuritle outstanding 2/ End of month Held by private nonbank Investors U. S. Connerclal banks 3/ Federal Beaerve Banks Got eminent Investment accounts }\/ Ii^lTldtials ^ Insxirance Mutual savings companies Savings bonds Corporations 6/ State and Miscellocal laneous governInvestors ments l/ it/ 8/ 1939-Deceml)er 1*7.6 18.U 15.9 2.5 6.5 22.7 1.9 8.2 6.3 3.1 19lfO-June 1*8.5 16.1 17.3 2.5 2.2 7.1 7.6 22.8 23.9 10.1 10.6 2.6 2.8 7.5 7.8 6.5 6.9 3.1 3.2 2.1 2.0 .1* .7 50.9 18.6 19.5 .5 .7 21.8 23.7 19.7 8.5 9.5 25.0 31.0 11.2 13.6 7.6 8.2 7.1 8.2 3.1* 2.0 .6 .7 21.1* 2.2 2.3 3.6 December 55.3 64.3 3.7 l*.0 .7 .9 lgUZ~}\me December 77.0 112.5 28.7 26.0 17.6 23.7 9.1 8.7 10.3 9.2 11.3 3.9 1*.9 .9 1*1.1 10.6 12.2 37.7 1*7.3 2.6 6.2 l».5 10.1 1.0 1.1 2.3 19li3-June 11*0.8 59.1* 30.9 37.6 13.1 15.1 1.5 3.1* 21*. 11.7 12.9 12.9 16.9 67.0 81.7 5.3 71.5 7.2 11.5 II*. 170.1 52.2 59.9 6.1 16. I* 2.1 i*.li 202.6 232.1 83.3 68.1. 11*. I16.3 lll*.0 53.3 15.1 17.1 17.3 19.6 7.3 8.3 3.2 18.8 31.2 36.2 20.0 77.7 19.1 21.7 100.2 96.5 21.1* l*.3 6.1 7.0 259.1 278.7 106.0 115.0 81* .2 21.8 21*. 1*0.7 18.9 22.7 61t.3 1*2.9 21.1* 21*. 22.9 22.0 8.3 27.0 9.6 10.7 5.3 21*. 128.2 136.6 59.5 90.8 6.5 9.1 279.8 269.9 259.5 U6.7 93.8 135.1 132.6 130.7 U.l 1*3.5 21*. 61*. l*l*.2 20.8 20.0 20.1 2lt.l* 63.1* 711.5 28.0 29.1 30.9 1*3.3 81*.l. 22.9 23.8 23.3 6U.1 108.2 97.9 11.5 11.8 19.9 17.7 15.3 6.7 6.5 6.3 8.9 8.6 8.1 igUT-Juns December 258. U 91-9 91.3 70.0 68.7 21.9 22.6 32.8 133.7 131.3 66.1* 1*5.5 20.9 21..6 1*6.2 19.1* 23.9 7.1 7.3 9.6 65.7 12.1 12.0 13.9 257.0 19U8-June December 252.* 252.9 85.9 85.8 61*.6 21.1* 35.8 37.3 18.6 17.6 22.8 21.2 12.0 11.5 13.6 23.3 65.8 65.5 1*7.1 62.5 130.7 1£9.7 ll*.8 7.8 7.9 8.7 8.9 19'19-June 252.8 257.2 82.1* 63.0 66.8 19.3 18.9 38.3 39-1* 132.2 132.1 66.8 66.3 1*8.8 85.7 1*9.3 18.0 17.0 20.5 20.1 11.6 U.l* 15.6 16.8 8.0 8.1 9.1* 1950-June December 257. "t 83.9 82.6 65.6 61.8 18.3 37.8 135.6 67.1* 39.2 13l*.9 66.3 17.6 16.7 19.8 18.7 18.1* 20.8 1*9.9 1*9.6 U.6 256.7 10.9 19.7 8.7 8.8 9.7 10.5 1951 -June 255.3 259.5 8l.lt 58.1* 1*9.1 16.1* 61*. 1*9.1 15.5 17.1 16.5 10.2 9.8 20.0 20.7 9.1* 1*2.3 132.9 131.8 65.5 61.6 23.0 23.8 1*1.0 85.1* 9.6 10.7 10.6 259.2 81*. 61.1 22.9 1*1*. 130.8 61*. 1*9.0 15.1* 11.6 63.1* 21*. 1*5.9 i33.lt 61*. 1*9.2 15.5 9.6 9.5 10.1* 88.1 15.7 16.1 19.1 267.1* 20.1* u.l U.7 266.1 272.7 273.3 273.0 83.6 21*. 1*7.6 25.0 25.1 25.2 1*7.6 65.8 65.5 65.2 65.2 16.6 16.2 15.9 15.9 16.0 16.0 16.0 15.9 9.5 9.5 9.5 9.5 18.9 20.2 M.O 135.0 136.7 137.5 137.2 1*9.3 87.8 87.8 58.6 63.5 62.7 62.6 20.9 20.6 12.0 12.3 12.5 12.7 273.5 275.3 275.2 88.1 89.0 89.6 62.8 63.9 63.7 25.3 25.1 25.9 1*8.0 137.1* 1*9.2 1*8.2 lt8.3 138.2 137.3 65.0 65.0 65.0 15.7 15.7 15.6 15.9 15.9 15.8 9.3 9.3 9.2 21.0 21.7 21.5 12.7 12.8 12.9 13.5 13.5 12.9 27"*. 9 61*. 21*. 1*8.3 1*9.1* 21*. "18.3 1*8.2 137.9 139.0 136.6 61*. 63.1 60.9 65.0 65.1 1*9.1* 15.6 15.6 15.6 15.7 15.7 15.6 9.2 9.2 9.2 21.5 22.1 19.7 13.2 13.3 13.6 13.3 13.6 13.5 62.5 21*. 1*8.2 1*9.5 21..8 1*8.5 65.0 63.6 25.0 1*9.3 135.8 136.8 133.3 61*. 63.lt 61*. 1*9.5 1*9.6 15.2 15.5 IU.9 15.6 15.5 15.3 9.2 9.2 9.1 19.1 19.5 16.8 11*. 13.1* 15.1 15.1 15.1 9.0 9.0 8.9 I6.S 18.5 18.6 11*. 11*. I* 13.1* 11*. 1* 13.1* 8.9 19.1 19.5 lU.5 U.7 1I..6 19.1* ll*.6 13.5 13.6 8.8 20.2 15.0 13.5 December 19ltl-June December 19^4 -June December I9't5-June December 19i*6 -February (Peak) June December December December 1952 -June December 1953-June July August September October November December February March 271*. 9 270.3 88.8 87.6 85.5 April May June 271.1 273.6 271.3 87.1 88.2 88.7 July August September 271.0 275.0 89.1 91.1 195'*-January October November. ,..•.. December 1955-January p i/ V 5/ 88.1* 271*. 91.1* 21*. 31*. I* 1*8.0 53. 5.1* 13.1* 19.2 1*7.8 1*9.3 1*9.3 1*9.3 1*9.3 1*9.3 1*9. 61*. 21*. 1*9.2 132.6 61*. 1*9.6 ll*.5 67.0 67.1 21*. 1*9.5 131*. 1* 61*. 1*9.7 11*. 2l|.lt 1*9.3 21*. 1*9.1* 2U.9 23.9 278.8 278.9 278.8 91* .1* 93.8 70.0 69.5 68.9 278.5 92.3 68.U 21*. I* 131*. 63.7 1*9.7 lU.O 1*9.7 1*9.8 ll*.l 1*9.6 135.1 135.1 135.3 63. U9.I* 136.8 63.9 1*9.1* United States savings boirfa. Series A-F and J, are Included at current redenptlon value. Securities Issued or guaranteed by the U. S, Govemment, excluding guaranteed securities held by the Treaaury. For aaounta subject to statutory debt limitation, see page 1. Consists of conaerclal banke, trust companies, and stock savings banks In the Uolted States and In Territories and Island possessions. Figures excites securities held In trust departments. Holdings by Federal land banks are included under "Mlscellaneoua Investors" Instead of "U. S, Government Investment accounts" after June 26, I9U7, when the proprietary interest of the United States in these banks ended Incl\^ee partzierahlpe ai^ personal trust accounts. Nonprofit Instltu- 63.8 63.8 ij 8/ 2I*.9 1*9.9 11*. 15.1 15.0 15.0 50.0 ii*.o 15.2 lU.o 11*. 13.8 II*. 1 8.lt 9.6 12.8 13.2 13.1* 13.3 13.1* 13.5 13.3 tloos ai^ corporate pension trust funds are included under "Miscellaneous Investors." Kxclualve of banks and insurance ooaqxinles. Consists of trust, sinking, and InvealaBent funds of State aod local govennBonts anl their agencies, and Territories and Island possessions. Includes savings ani loan associations, nonprofit institutions, corporate pension trust fxinde, dealers and brokers, and Inveataente of foreign balances and international accounts In thle country. Beginning December 19'^6, includes Inreetmente by the International Bank for Reconatructlon and Developaent and the International Monetary Fund in special nonlnterest -bearing notes Issued by the U. S. Government. Prellnlnaiy. Treasury Bulletin 28 \ .TREASUEY SURVElf OF OWNHiSHIP, JANUARY 31, 1955 The Treasury Survey of Ownership covers securities Issued by the United States Oovernment and by Federal The banks and Insurance companies Included In the Survey account for approxlniately 95 percent of such securities held by all banks and Insurance companies In Data were first published for the United States. agencies. March 31, igl+l, In the May 191^1 "Treasury Bulletin." Section I - Distribution of ownership by types of banks and Insurance companies Is published each month. HolclntS by commercial banks distributed according to Federal Reserve memberbank classes and nonmember banks are published for June 30 and December 3I. Holdings by corporate pension trust funds are published quarterly and first appeared In the March 195!; Bulletin for quarters beginning December 3I, Securities Issued or Guaranteed by the United States Government Table 1.- Summary of All Securities (Far values - In mlUloaa of dollAre) 19'j-9. ' i April [955 29 .TREASURY SURVEY OF OWNH^SHIP, JAWtJARY 31, I955 Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues (Par valuee Footnotes at enl of Section II. - In mllllonH of dollars) (Ccntlnusd on following page) Treasury Bulletin 30 .TREASURY SURVEY OF OWNUiSHIP, JANUARY 31, 1955 Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued! (Par Talues - In mllUona of dollare) / ) . , April 1955 31 .TREASURY SURVElf OF OWNH?SBIP, JANUARY 31, 1955 Section II - Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Go'-ernment (Par yalujes - In nLHUona of doUare) Held by investors covered In Treasiiry Survey Issue (Tax status 8/ Is shown In parentheses) Total amount outstanding 6,876 cdonerclal banks 2/ j/ 525 Insurance ccmpanles mutual savings banks 2/ 313 life 596 fire, casualty and marine U. S. Oovem- ment investment accounts and Federal Be serve Banks EeUL by all other investors i/ Federal Intenoedlate credit banks I Debentures (taxable) 6UI 1955 I Debentures ) . . ( taxable 1955 (Debentures) . .(taxable) 1957 (Debentures).. (taxable) 1*0 23 ko 28 120 72 36 303 17 308 Central Bank for Cooperatives: 2 -l/85t Februai7 1-1/2 2 June Juns Total Central Bank for Cooperatives securities Federal heme loan banks! 1-3 /8?6 February 1-lA March 12/ 1955 (Botes) 1955 (Notes) (taxable) (taxable) Total Federal home loan bank securities Federal land banks I 2 -3 Al' February I-3A 2-5/8 October May 2-3A May 2-lA November 2-lA May 2-lA February 12 16 21 91. 1.8 n9 39 65 1.8 213 113 87 1^/ (taxable) 1955 (Bonds) 1955-57 (Bands). ...(taxable) 1956 (Bonds) (taxable) 1958 I958 1959 i960 (Bends) (Bonds) (Bonds) (Bonds) (taxable (taxable) (taxable) (taxable) Total Federal land bank securities 76 1*5 1. 3 23 215 229 175 152 3 7 30 8 13 56 131 11 1. 1.5 2 5 1.8 5 56 17 31. 261 181. 71 119 71 12U 86 3 1 2 1,030 695 36 31* 570 360 Federal National Mortgage Association: 2-l/a5t Januaiy U I958 (Notes) (taxable) Includes certain obllgatlona not subject to statutory debt Undtatlco, For amount subject to limitation, see page 1, Excludes trust deparisoents Includes trust companies and, beginning with figures for July 19^9, also Includes stock savings banks. Prerlously, these banks vere reported eis a separate claaslflcation. Includes those banks and Insurance companies not reporting In the Treasxrry Survey, ttolted States savings bonds, Series E, F, and J, are shown at current redenqjtion value. They were reported at maturity value by the banks and Insurance ccmpanles Included In the Treasujy Surrey but have been adjusted to current redemption value for use in this statement. Holdings by reporting agencies not available. Excludes guarante^l securities held by the Treasury, Federal securities fall Into three broad classes with respect to the lii^KMltlon of Federal Inccme taxes aa liuome derived frocn them. "Wholly" tai-eiompt securities are those with the Incoane eiompt from 197 2/ 10 11/ Jl^/ both nonnal tax and surtax. "Partially'* tax-exempt securities are those with the Income exempt from the normal tax except that In the case of partially taz-eien^t Treasury boids. Interest derived from $5,000 of principal amount owned by any one holder is also exempt from the surtax, "Taxable" securities are those with the Incoane subject to normal tax and surtax, Includes Federal Housing Administration debentures; see footnote 10. A small Indeterminate amount of those debentures Is partially taxexempt. Includes %1ZS,h mlUlan depositary bonds held, by comnerclal banks not Included In the Treasury Survey, The proprietaiy Interest of the United States In these banks ended in Ju:iy 1951, 13/ » Excludes issues ccmpletely held by Fann Credit Admlnlatration agencies. The proprietaiy Interest of the liilted States In these banks ended In June 19*^7. Less than $500,000. Treasury JiuUetin 32 MAKKET QUOTATIONS ON TREASURY SECUBITIES, FEHRUAKf 28, 1955, Current market quotatlone shown here are over-the- public marketable securities issued by the United States counter closing bid quotatlone in the New York market for the laet trading day of the month, ae reported to Government except Panama Canal bonds. Outstanding Issues which are guaranteed by the United States the Treasury by the Federal Reserve Bank of New York. Government are excluded because they are not regularly The eeouritiee listed Include all regularly quoted quoted in the market. Table 1.- Treasury Bills (Taxable) taOIBt AA 33 April 1955 MABKBT QUOTATIONS ON TREASUEY SECUEITIES, FEBRUARY 28, 1955 Table 4.- Taxable Treasury Bonds (Prloe declmalo are Z2ve.e) Price range since first traded 2/ Yl«ld I Amovct out- Change from last Desorlptlon I Bid {mllHons) 2-1/2* 2-1 2-3/8 2-3/8 2-1/2 - $1,U1.9 3,822 927 li,2lt5 2,368 5,2T7 3,1^5 3,806 2,239 U,177 -.25 -.25 -.21 -.26 2-3A - a -1/2 - U/15/61 U,718 2,961 1,887 2,716 3,816 2-1/2 2-1/2 2-1/2 2-1/2 2-1/2 - 3-1 - 1,606 1,892 98.03 98.03 98.15 100 .2U 99.08 6/15/59-62 12/15/59-62 11/15/60 9/15/61 - 3,830 3,75'' -.20 -.28 -1.03 -1.02 -1.01 2-1 2-1 2-1/8 - 6,755 2,826 100.19 99. 2U 99.31 100.00 100.12 - 2-1/2 2-1/2 2-1/2 2-1/2 2-1/2 z,u6 3/15/56-58 9/15/56-59 3/15/57-59 6/15/58 12/15/58 - - - - 3 -.2'* To maturity 1.92* 2.31 2.38 2.37 2.39 it/ Ohange frcD last month Issue date +.53* 6/2A1 El«h Sate Price + .I16 +.52 +.32 +.27 2/1/lA 3/1/52 7/1/52 2/15/53 2.53 2.52 2.U3 2.62 2.62 +.11 +.U 110.22 107.16 102 .26 102.30 96.06 96.10 6/1A5 10l*.20 h/6fli6 U/15A5 1014.21 u/e/w 9/17/5'* 8/15/5^ 11/9/53 lOlt.22 l*/30/5'. 2/15/5lt 103.00 't/30/5'* +.05 +.09 +.07 5/5/"«2 12/15/5't l*/6/l*6 6/15/62-67 8/15/63 12/15/63-68 6/15/6U-69 I2/I5/6U-69 98.07 99.01 97.10 96.26 96 .2U -.17 -.20 -.21 -.16 -.17 2.77 2.77 +.0ll U/15/U3 +.0lt 9/15A3 107.2'* 3/15/65-TO 3/15/66-71 , 6/15/67-72 5/ 9/15/67-72 2/ 12/15/67-72 5/ 96.18 96.16 96.09 96.09 96.09 -.20 -.21 -.29 -.27 -.29 2.78 2.77 2.77 2.T7 2.77 +.05 +.05 + .06 2/1/1*4 12/1/Wt 107.23 107.22 106.16 109.18 106.16 6/15/78-83 6/ 2/15/95 i/ 106 .02 -1.06 +.oe 2.89 2.99 100.09 95. OU 7/2/5"* l»/29/5lt l*/29/5l* 108.12 100.15 108.03 107.25 y 97.10 l*/6/l*6 103.2'! 2.67 2.63 2.7li 2/8/1*6 100.19 +.13 +.13 +.12 12/lA2 6/1A5 + .06 10/20A1 +.07 U/15A5 +.07 5/1/53 2/15/55 .00 Price 12/10/: 97.01* 92.02 92.00 98.15 100.19 99.08 U/6A6 I*/6/l*6 U/6/U6 90.28 90.20 l*/6/l*6 90.1fl l*/6/lt6 90.16 89.30 89.30 89.30 U/6/l*6 l*/6/lt6 Ui.28 8A/5U 100. lU 2/18/55 6/1/53 6/I/63 2/28/55 U/13/53 92.00 99.01 91.01* l./6/l*6 6/1/53 6/2/53 6/2/53 6/1/53 6/1/53 98.20 100.03 2/28/55 6/1/53 2/28/55 6/1/53 6/1/53 6/1/53 6/1/53 6/1/53 6/1/53 6/1^3 6/1/53 6/1/53 2/ll*/55 Footnotes at end of Table 5. Table 5.- Partially Tax-Exempt Treasury Bonds (Price declaalB are 32ndfl) Price range since first trsded 2/ Anouit outstanding (millions) » 2-7/8* - 1*02 2-3A 2-3A 2-3A 982 919 1.1*85 1; ly y/ change frcm last month DBScrlptlon - 3/15/55-60 1/ 9/15/56-59 6/15/58-63 12/15/60-65 a/ 102.12 101*. 08 106.08 .18 .08 .08 To first call High Price mon'tb .27* i.ii* 1.1*2 .01* 1.61 .03 Tai Anticipation Series. ^er-theBeglnmng April 1953, prices a« closing bid quotations in the bid and closing counter marlcet. Prices for prior dates are the mean of closing they aw October 1939, 1, ask quotations, ejccept that before prices are Inprices on the Rew York Stock Exchange. "When leeued Dates of highs and lows cluded in history beginning October 1, 1939. dates. in case of recurrence are the latest Not quoted on February 28, 1955. ,, . ^ ^ .!.__,,. price vhen the first call. Yields are computed to call date Yleli to Change from lost Issue date 3/15/35 9/15/36 6/15/38 12/15/38 116. oe 116.13 1/12/1*6 I/26/I16 117.01* l/15/'»6 l/25/'«6 119.00 98.30 98.10 99.15 99.11* 9/20A5 1./1/37 9/25/39 9/25/39 .r below par. callable froo Inclined in the arerage of taxable Treasury bonds .ua or shown under Arerage Yields 12 to 20 years beginning April 15, 1953, as of Long-Term Bonds." claas due or callIncluded in the new long-term taxable Treasury bond of Long-Teim able 20 years and after, as shown under "Average Yields Is above par aid to maturity «ben the price Is at 5/ 6/ X/ March 15, 1955. Called on November 15, 195*, for redemption on 3"^ Treasury Bulletin , lO lO g> aS CSJ CD UJ t/) cr MAFiarr quotations on treasury SECUEITIES, FEHBUARy 28, 1955. .. , .. , April 1955 35 , AVEIWGE YIELDS OF L0NG-TE3W BONDS, Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods (Percent per annum) Taxable Treasury bonds Moody's Aaa corporate bonds Taxable Treasury bonds Period u 2.1(6 l.'i^l 2.1(7 2.1(8 19Wt IS"*? i.9k6 2-37 ig**? 2.25 191(9 -jao., 2.1(2 Feb., Har., Ajr. 2.39 2.38 38 38 38 27 2.83 2.73 2.72 2.62 2.53 2.61 2 19 - 2.1(1( 19't9- 2 31 2.32 1950. 1951. 1952. June. July, Aug. 2.71 2.71 2.70 2.70 2.71 2.71 2.67 2.62 2.60 2.61 2.60 2.58 2l> Sopt 22 22 20 19 Oct., Hot. Deo. 1950 -Jon. 2.20 2.24 2.27 2.30 2.31 2.33 Feb., Mar. Apr. May. June, July. Aug., Sopt. Oct., Hot. Dec. 2.3l( 2.33 2.36 2.38 2.38 2.39 , 1951 -Jan.. Feb.. Mar.. May June .... July Aug Sopt Oct Hot Dec 1952 -J an.. Feb.. Mar.. Apr. May.. June. July. Aug.. Sopt. Oct.. Not.. Dec. 2.61. 2.67 2.67 2.67 2.ae 2.66 2.62 2.86 2.96 2.57 2.68 1951 -Apr 2.57 2.58 2.58 2.60 2.61 2.62 2.65 2.61 20 years and after Moody's Aaa corporate bonds calendar year avgragea of nontiilj eerlee 19118. Mopthlj eerlee Mbj. From 02 to 20 years 1/2/ Annual eerlee 19''2 Taxable Treasury bonds, due or callable - J^ Moody's Aaa corporate bonds 1953 -Jan. Feb. Mar. - 2.92 1953 2.511 3.16!!/ 2.71 3.20 2.90 aTeragea of dally eerlee 2.56 2.63 2.65 2.63 2.57 2.56 2.61 2.66 2.70 2.87 2.88 2.9k 2.97 3.09 3.09 2.99 3.00 2.97 2.83 2.85 2.79 3.21. 3.23 3.26 3.29 3.25 3.22 3.19 3.06 3.31. 3.1.0 2.89 2.96 3.01 1953 -Apr.. May.. June. July. Aug. Sopt. Oct.. Rot.. Deo. 2.7"! 2.98 195l(-jan. 2.71 2.70 2.6U 2/ 2.57 2.61 2.61 2.70 2.71 ^.^h 2.71 2.75 2.93 2.96 2.93 2.93 2.68 2.60 2.51 2.80 2.83 3.02 3.07 3.12 2.9l( 2.88 2.81( Feb.. Mar.. Apr. May.. June. July. Aug.. Sept. Oct.. Hot.. 2.9I1 2.95 2.94 2.95 3.01 2.98 2.97 2.^ Dec. 1955-Jan. Feb.. 3.28 3.21. 3.29 3.16 3.0I. 3.U 2.96 3.13 3.06 2.95 2.86 2.85 2.52 2.5* 2.90 2.85 2.73 2.70 2.72 2.70 2.1(7 ,62 1(8 2.60 2.1*7 51 52 55 2.61. 2.65 57 65 2.68 2.68 2.77 6/ 72 2.92 2..88 2..90 2..89 2..87 2..89 2..87 2.89 2.90 2.93 2.99 2.66 2.66 2.78 2.39 2.1(0 2. '•7 Taiabl© Treasury bonds due or callable - l/ From 12 t. 20 yeara 20 yeare vfter 2.50 2.51 2.51 2.51 2.63 Moody's Aaa corporate bonds i/ Taxable Treasury bonds due or callable - 1/ Tram. 12 to 20 years 20 years and after Taxable Treasury bonds duo or callable - l/ Moody's Aaa corporate bonds 1/ Proa 12 to 20 years Moody's Aaa corporate bonds 20 years and after WeekLly eerlea - aToragee of dally series for veolca ending - 195l>-S«pt. 3 10 17 21. Oct. 1 8 15 22 29 2.51 2.51 2.52 2.53 2.511 2.65 2.88 2.89 2.89 2.89 2.65 2.63 2.63 2.65 2.67 2.89 2.88 2.88 2,87 2.87 2.61. 2.61. I95I.-H0T. 2.55 2.55 2.56 2.68 2.68 2.68 2.66 2.88 2.89 2.89 2.88 2.57 2.56 2.58 2.59 2.58 2.68 2.67 2.69 2.69 2.67 2.89 2.89 2.90 2.91 2.92 2.51. Dally series 1955-Fel>. 1/ 2/ 2.70 2.70 2.70 2.68 2.90 2.90 2.90 2.90 2.95 2.97 2.98 2.98 2.68 2.68 2.69 2.90 2.90 2.90 2.98 2.98 2.97 - 2.62 2.61. 2.65 2.67 2.70 2.69 2.72 2.77 2.71 2.76 2.78 2.80 6/ 2.91 2.92 2.93 2.90 2.91 2.93 2.97 2.98 2.99 2.9I. 3.02 2.91. unweighted aTorages 1955-F»b. 10 11 2.70 2.70 2.91 2.92 2.97 2.98 lU 15 16 17 2.71 2.71 2.91. 2.98 2.99 2.98 3.00 3.00 18 1955-Jan. 2.72 2.73 2.73 Boglimliig April 1953, Treasury bond yleUa are reported to the Treasury by the Federal Eooerre Bank of Hew York, based on closli% bid quotations In the orer-the -counter rnorket. Yields fol' prior periods were computed on the basis of the mean of closing bid end ask quotations. For definition of taxable bonds, see footnotes to the "Treasury Surrey of Ownership" In this Issue of the "Treasury Bulletin." Prior to April 1953, the single series on long-term taxable Treasury bonds Included the following! April 1952 through March 1953, bonds neither due nor tollable for 12 years; October 191*1 through March 1952, bonds neither duo nor callable for 15 years. For a discussion of the composition of these Treasury bond aTorages, see the "Treasury BuUetln" for March 191*4, page 58. 2.93 2.93 2.92 2,92 1955-Fob, 2.75 1/ 2.77 2.78 2.77 2.91. ,01 2.9« ,01 2.9I. ,oe 2.91. ,02 2.77 2.9I. 3.oe 1/ 6/ Moody's Inreotora Sorrlce OTorage of Aaa corporate bonds. This series supersedeo the Treasury overage of high-grade corporate bonds proTlously shown in this table, which was disoontlnuod after March 1953. Average coToro 8-1/2 months beginning April 15, the inception date of this series. was revised beginThe long-teim taxable Treasury bond average overage for ning AprU 1, 1952, BOO footnote 2. The oU percent. 2.62 April 1952 was ^"^^^ <>" Includes the 3* bonds of Fobruary 15, 1995. ?!"< 1/ Januai7 28, 1955Market closed. 3/ hj 5/ Treasury Bulletin 36 .AWRPGE YIEIDS OF LONG-TEI*! BONDS. . April 1955 37 .UnKRNAL EEVEmJE COLLECTIONS. Table 1.- Summary by Principal Sources (In thouaands of dollare) Fiscal year or month Budget receipts from Interaal AdJiiBtment of collectlona to budget receipts l/ Total collectlona reported by Internal Bevenue Serrlce Individual Income tax and employnont taxes Corporation income and profits taxes 191*7 19I18 39,379,1*09 +271,023 -11,057 39,108,386 1*1,853,1*85 l*l,86l*,5l.a 10,1711, 191*9 1*0,307,285 -155,8liO 1*0,1163,125 1950 1951 39,1*118,607 +1*91,1*75 38,957,132 11,553,669 10,851*, 351 51,106,095 +660,1*09 50,ltli5,686 111,387,569 1952 1953 65,6311,891* +625,308 21,1*66,910 21,59l*,515 1951* 70,299,652 +379,661 65,009,586 69,686,535 69,919,991 2,81*9,1*31 -883 +615 70,170,971* 195l*-July August. l*,633,990 , y +1*81*, 1*39 Individual Income tax not withheld 2/ Individual income tax withheld 2/ Old-age insurance taxes 2/ Railroad retirement Unemployment Insurance 379,555 560,113 579,778 185,876 208,508 226,228 223,135 236,952 620,622 628,969 605,221 259,616 273,182 283,882 21,367,662 23,379,123 20,527,935 19,797,883 26,621*, 788 9,501,015 9,81*2,282 1,1*58,931* 9,l*61*,20l* 1,612,721 1,687,151 9,907,539 11,533,577 10,055,502 9,888,976 13,089,770 1,873,1101 2,810,71*9 33,738,370 11,31*5,060 17,929,01*7 3,58l*,025 11,1*03,91*2 21,132,275 22,076,329 3,816,252 21,5116,322 37,25'*,6l9 37,921,311* 532,281 1,528,001 252,11*5 299,91*5 1,103,91*0 3,505,1*81 93,008 1,252,385 3,320,589 3,173,096 1,1*29,1*65 1,696,171* 1*6,871 586 1,1*89,029 3,500,681* 1,265,005 3,313,289 1,687,218 21,010 3,912 15,992 2,023,753 199,101 77,617 271,658 6lt,l*03 U7I* 3,283,303 2,239,01*8 996,937 16,1*11* 30,903 9,676,1*59 2,850,311* 5/ 1* ,633 ,375 mo September 5,115,671 -61* 5,115,735 October., November, December. 2,699,71*9 -335 2,700,031* l*,629,l*78 +788 li,00!»,978 -85 4,628,690 1*, 005,063 360,516 288,972 1,181,273 1955-January., l*,35l*,123 +35 l*,35l*,OS3 351*, 629 7,996,320 7,261*, 332 10,736,578 11,219,301* 562,731* 51*8,038 19,586 3,6c:. 76,01*3 15,81*1 9l*,lt86 Treasury Bulletin 3« .INTE3^AL REVENUE COLLECTIONS- INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES DOLLARS Billions 1940 42 '44 '46 ) ) - April 1955 39 .INTERNAL PEVHOJE COLLECTIONS Table 2.- Detail of CollectlonB by Type of Tax (iji thouaanda of dollars First 7 mcDthe of fiscal year PlBoal rear Serentb mouth of flsoal year l^n^c of tax 1953 Corporation Income and profits taxes 1/ ,, 195'* 195"* 21,59^,515 21,5it6,322 5,867,1*02 U,603,9l4a 10,91*6,578 ^,938,777 2U, 7^*8,526 26,085,633 lU, 100 ,277 320,000 Individual Inoome tax and en^loyment taxes: iDcome tax not withheld 2/ Income tax withheld and old-a^e Insurance: BecelTod with retume Undistributed depositary receipts U/ Eallroad retlrwmenti BecelTed with returns Iftidlatrlhuted depositary receipts kj Unemployment Insurance ^ 628,969 605,221 273,182 283,882 72,320 37,25l*,6l9 37,921,311* 19,1*31,37** Estate tax 78H,590 863 , 3 W* 1*75,282 Gift tax 106 ,69^ 71,778 12,002 Total IndlTldiial Inoome tax and eiqiloyBent taxes Miscellaneous Internal rerenuei Excise taxes: Alcohol taxes: Distilled spirits (inpoirted, excise) Distilled spirits (dosDestic, excise) Distilled spirits, reotiflcatlon tax Wines, cordials, etc. (imported, excise) Wines, cordials, etc. (domestic, excise) Dealers in distilled spirits; rectifiers; of atlUs ( spec lal taxes Stascps for distilled spirits Intended for Case stamps for distilled spirits bottled Container stands Floor taxes Fermented malt liquors Brewers; dealers in malt liquors (special acA.Tg"* manufacturers export In bond taxes) Total alcohol taxes Tobacco taxes: Cisars (large) Cigars (small) Cigarettes (large) Cigarettes (small) Snuff Tobacco (chewing and amofclng) Cigarette papers end tubes ZiSaf dealer penalties , etc Cigarette and cigar floor taxes * Total tobacco taxes Stamp taxes: Boi^, issues and transfers of capital stock, deeds of ccnveyance, etc Playing car^ Silver biOllon sales or transfers ' Total stamp taxes Manufacturers* excise taxes: Lubricating oils Oaaoline Tires and tubes Antcoaobile trucks and buses Otber autcoDblles sikd motoroycles Parts and accessories for autooioblles Electric , gas , and oil appliances Electric light bulbs and tubes Radio sets, phonographs, television sets, coapanents, etc Phonograph records Musical instmasnta Mechanical refrigerators, air-condltioaars, quickfreeze units, etc Matches Bus inees and store machines Photographic apparatus Sporting goods Firearms, shells, and cartridges Pistols and rerolvers Mechanical pencils, pens, and lighters Total manufacturers' excise taxes Footnotes at end of table. 1955 195^ (January 195^) 1955 (January 1955) Treasury Bulletin ko ,IHTE3aiAL PIVENUE COLUECTIONS. Table 2.- Detail of Collections by Type of Tax - (Contlnuedl (la thouaanda of dollars) First 7 months of fiscal year Fiscal year trf 1953 macallaneoaa Internal reTenua Seventh month of fiscal year of tax - 1951* ISS* 1951* 1955 (January 1951*) 1955 (January 1955) (Contlnuad) Ezclfle tazee - (CoDtlnoed) Betallera* azolae taxaa: Turn JeVBlZ7 1,870 8,689 13,566 102,381 39,588 53,129 10,153 68,376 30,980 Tollat praparatioQB 39,036 209,256 79,891 U0,ll>9 35,61*1 8,1147 2,881* 3,6143 Total retailers* excise tazea 1196,009 1*38,332 2oe,66J( 11*5,150 31*, 357 17,087 78,130 73,885 1,083 1(12,508 359, ''73 36,620 211,996 36,689 1(17, 9'iO 150,1*07 133,29'* 8,91*14 71 5,767 Nlaoellaneous taxes: Sugar Act of 1937 Telephone, telegraph, radio, and cable facilities Local teleldioae eerrlce Transportation of oil bj pipe line Transportation of pereoos , etc Transportation of property Leases of safe-deposit boxes AdolBslons to theaters, coocerts, etc Admissions to cabarets, roof gardsns, etc Club dues snd Inl tlatlon fees Bovllng alleys, pool tables, etc Coin operated derlces Multerated and proceee or renovated butter, and filled cheese HarootlcB, Including oarliiaBna and special taxes,. Coconut and other regetable oils proceesed , atlonal Plreanv tet Dleeel oil 5/ Wagering taxea All other, including repealed taxes not shovn separately Total nlscellaneoue taxes Total axclae taxes: PecelTed with returns and frca sale of stasia Undistributed depositary receipts U/ Total miscellaneous Internal reronue Total collections reported by Internal Rerenue Serrlce MJustatent to budget receipts 6/ Kidget receipts from Internal roTenue j/ 357,933 28,376 12,691 126,939 2146,180 U19,6oit 396,519 9,318 271,952 38,312 31,978 3,227 198,1*50 ,616 12,91*2 10,368 312,831 146,691 36,829 3,'tU 16,505 lit 6 929 17,983 14,632 15,091 10,475 6l4,8l42 19,931* 20,871 22,87^ 2,582 11,397 2,731 12 2lt,2li8 101,515 203,730 3,298 153,838 15,293 1*79 16 513 9,189 9,615 9,81*1 11 13,276 6,222 '4,658 3 918 16,266 8 19,056 9,558 7 , 179,1*35 30,106 287, "loe 1,280 712 1,305 9,513 1,085 17,517 1,839 1,995 37 136 1,61*0 1,323 967 8,270 591 l*,986 1,1495 2,027 35 166 31* 1 52 1,967 « 100 1 1,1*71* 7I16 671 1*92 6l»7 3,505 167 -936 -367 5,775 2,06l,l6U 1,937,399 1,001,1*10 802,902 1*9,221* 3'*,50l* 9,9'i6,ll6 9,517,233 5,190,7'*O l*,869,305 395,319 357,709 310,812 295,8147 10,837, Wl 10,1452,351* 5,678,021* 5,662,1*1*5 »60,7T2 716,157 69,686,535 69,919,991 30,976,800 28,287,31*9 1*,1*30,362 U,35^,088 '»Jt8i>,l(39 +379,661 *771,831 *71 +377,651 +35 70,170,97't 70,299,652 31,71*8,631 28,287,1480 1*,808,013 '*,35l*,123 Soures: latanal Herenue Serrlce reports for detail of collections by Vpe of tax] Dally TreasuTT StateomeDt for budget receipts from internal revenue through the fiscal year 1952, and the nev "Monthly Statement of Bscelpts and Expenditures of the United States GovemaBnt" for receipts thereafter. Certain detail by type of tax Is available only on the basis of returas fllsd vlth the Internal Pevenue Service. The figures ahovn Include collections for credit to special accounts for certain Island possessions, as reported by the Internal Revenue Service. 1/ Includea excess profits taxes on Army aikd Havy contracts Imposed by the Vinson Act ss anended (3I* U.S.C. I496), and Income tax on business Income of exempt organliatloos lA^osed \jj the Revenue Act of 1951, approved October 20, 1951. 2/ Includes oljl-oge Insursnce tax on self -employment Income, Imposed by the Social Security Act Amendmente of 1950 (Public Lav 734), approved August 26, 1950. The tax Is levied and collected as part of ths Individual Incoms tax beginning vlth the taxable year 1951* For estimated fiscal year breakdown, see Table 1. Beginning Januo^ 1951, withheld Income tax and social security eoployment taxes 00 employers and ei^loyees are paid Into the Treasur7 Ic ^ 2,810 16,163 7,237 95,750 115,677 1*9,923 231*, 659 I<a88>«a y combined ajBDunts, puraoant to the Social Seonrl^ Act Araandawnte of 1950. For estlBated flacal year toreakdovn, see Table 1. Under revlaed accounting procedureo effective July 1, 195**, tax pajnenta made to benka uoder the depoeltarjr recelpta eystem are Included In Internal Bevenue Service reporte of collectlona In the month In irtilch the depoaltary recelpta are ierued Instead of the which tax returns supported by the depositary receipts month are recelred In Internal revenue offices, as vaa the previous practice. The ttodlatributed depositary recelpta" Included In the ooUectlona represent the amount of depositary receipts Issued during In the case of the period lees the amount received vlth returns. excise tazee. It le not possible to classify the depositary receipts Accordingly, the by type of tax until the retxaTis are received. amount of stich T«idletrlbuted depositary receipts Is Included only in the total of exolse taxea. Applies to dlesel oil used In hl^^bvay vehicles. See Table 1, footsoote 1. Hew reporting basis; for explanation, see footnote on page 1. Less than $^00. m ..,.., April 195? 1^1 .MOKETAEY STATISTICS , Table 1.- Money In Circulation (In mllllans of dollars eloept as noted) Paper money Eld of fiscal year or aoDth Total money in circulation 1/ Total paper money Cold certificates Silver certif- 2/ icates 191*7 i9ita 28,297 27,903 27,1*93 26,91*2 26,1.82 26,031* 1*8 191*9 1950 1951 27,156 27,809 25,661 26,231 1*1 1952 1953 W?!* 29,026 30,125 29,922 27,31*8 1953 -December. 195i4-Jul7 Treasury notes of 1890 i/ United States notes Federal Reserve notes Federal Beserve Bank notes Rational bank notes y 320 321 319 321 318 23,999 23,600 23,209 22,760 39 2,061 2,061 2,061 2,177 2,092 23,1*56 274 243 38 37 35 2,088 2,122 2,135 318 318 320 24,605 25,609 25,385 221 200 180 77 28,359 28,127 30,781 28,968 36 2,100 316 26,253 190 72 August. . . Septenher. 29,892 29,929 29,985 28,099 28,129 35 35 35 2,122 2,137 2,160 316 319 319 25,377 25,390 179 177 175 70 69 69 October. . November . December. 30,074 30,500 30,509 28,255 35 35 35 2,169 2,172 320 319 2,11*3 3U 25,487 25,895 25,945 174 28,675 171 69 69 68 29,789 29,817 27,981 28,007 35 35 2,055 2,083 303 332 25,350 25,339 169 169 68 68 1955- January . , Pebrufliy.. End of fiscal year or month 28,171* 28,661* 1*5 25,1*13 406 353 309 106 99 93 86 81 73 70 173 Money in circulation per capita (In dollars) Total coin Standard silver dollars Subsidiary silver 1947 1948 1949 1950 1951 1,355 1,421 1,459 1,496 1,578 148 156 170 180 &r6 919 940 965 1,020 331 346 355 361 378 196.33 190.31 184.33 179.03 180.17 1952 1953 1954 1,678 1,766 1,795 191 202 212 1,093 1,150 1,165 393 413 419 184.90 188.72 184.23 1953-Dec ember. 1,812 210 1,179 1,793 1,801 1,811 213 214 215 1,161 1,165 1,172 419 421 1,819 1,836 1,834 216 216 218 1,179 1,191 1,186 484 428 429 183.98 186.32 1,808 1,810 218 219 1,165 1,168 425 424 l8l.47r 181.40 1954-July August. .. September, October. . November. December. 1955-January,., February.. i';4 Source: Circulation Statement of United States Money. 1/ Etcludea money held by the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated to be held outside the conttnental limltB of the United States. Includes paper currency held outside the continental limits of the United States. 2/ Gold certificates were withdrawn from circulation In 1933. i/ 4/ ^ r Minor coin ^ 191.06 423 183.76 183.68 183.72 186.U Treasury notes of I890 in circulation are being canceled and retired upon receipt by the Treasury. Federal Reserve Bank notes and national bank notes are covered by deposits of lawful money and are In process of retirement. Based on latest population estimates by the Bureau of the Census, Revised. 2 8 5 .. . Treasury Bulletin 1+2 .MDKETAEY STATISTICS, Table 2.- Monetary Stocks of Gold and Sliver (Dollar aitt3unt8 End of fiscal yaar or month In mllllona) Cold Sliver ($35 per fine ounce) ($1.29-t per fine ounce) I9W ,266.5 ,532.5 19't9 ,1^.3 1950 1951 ,230.7 ,755.9 195a 1953 Patio of silver to ^old and silver In monetary stocks (in percent) lit. 3,525.7 3,571.0 3,618.3 3,671.5 3,718.5 13.2 12.9 13.2 ,3U6.5 ,1^2.8 ,927.0 3,768.5 13.9 3,8ll».3 llt.S 3,863.1 15.0 1953 -Dec onber.. 22,029.5 3,837.0 lit. 195l»^ulj August. . Septeaber. 21,907.7 21,809.3 21,810.1 3,867.6 3,870.2 3,875.6 15.0 15.1 15.1 October... SoTenber.. Deceaber.. 21,759.0 21,709.9 21,712.5 3,878.8 3,8€E.5 3,886.6 15.i 15.2 15.2 1955"J"i>uar7... February., 21,71't.5 3,891. " 21,716.3 3,8911.0 15.2 15.2 19'n lo^lt . Source: emulation Stateaeat of Unlt«d States Monay. silver monetary stock 8«« Table K, lit .6 Tor detail of Table 3.- Gold Assets and Liabilities of the Treasury (In aillioQs of dollars) Kid of calendar year or month Gold eesete Liabilities: Gold certificates, Belance of gold in Treasurer's account etc. 1/ 22,706.1 22,695.5 21,700.0 23,166.0 23,373.9 21,653.5 21,662.5 1,053-9 1,077.9 1,053-2 1,052.6 1,032.9 23,1&?.1 22,029.5 21,712.5 22,178.8 21,5^5.7 21,223.5 1,008.2 483-7 21,907.7 21,809.3 21,810.1 21,1111.3 Angust.... Septeaber. U96.U 500.6 October. .. Bov saber.. Deceaber. 21,759.0 21,709.9 21,712.5 21,270.2 21,221.1 21,223.5 I188.8 I188.8 l<89.0 . 21, Tilt. 21,716.3 21,228.8 21,222.7 1.85.7 . 19^7 22,753.9 19'f8 Sl»,2l>3.9 19*9 1950 1951 211 1992 1953 195l» 195'' -July 1955-Januaiy February . Source I Clroulatloo Statanent of United States Honey. 1/ Coa^rlses (1) gold oertifloatea held by the public and in Fedaral Reserve s; (2) gold certificata credits in (a) the gold osrtifloata fund - ,1*27.1 21,308.7 21,320.6 I189.O "•89.5 *93.7 Board of Governors, Fsderal Beserve Astern, and (b) the redemption fund - Federal Beserve notes; and (c) ressrve of $156.0 million agalnat United States notes and Treasury notea of I89O. April 1955 ^j .MOKETABY STATISTICS. Table 4.- Components of Silver Monetary Stock (Id mlllloDa of dollare) Treasury Bulletin l|U .MONETAEY STATISTICS, Table 5.- Seigniorage on Silver (CiBulatlTe froa Januai; 1, 1935 - 1° Billions of dollars) " April 1955 >^3 .CAPITAL MOVEMENTS. Data relating to capital moveioente between the United States and foreign oountrlee have been collected pages '*5-'*7. As a result of changes in presentation introduced in that issue, not all breakdowns previously since 1935. pursuant to Executive Order 656O of January I5, published will be exactly comparable to those now presented. 1934, Exeoutlve Order IOO33 of February S, 19't-9, and Treasury regulations promulgated thereunder. Information covering the principal types of data and the principal oountrlee Is reported monthly, and Is published regularly In the "Treasury Bulletin." Supplementary Information Is published at less frequent Intervals. Reports by banks, bankers, securities brokers and dealers, and Industrial The first three sections which follow are published monthly. and claims on foreigners and transactions in long-term securities by foreigners, and present detailed breakdowns of the latest available preliminary data. and commercial concerns In the United States are made Initially to the Federal Reserve Banks, which forward Section IV provides supplementary data in five consolidated figures to the Treasury. Beginning April 1954, data reported by banks In the Territories and possessions of the United States are Included in the published data. The term "foreigner" as used In these reports covers all Institutions and Individuals domlolled outside the the United States and its Territories and possessions, official Institutions of foreign countries, wherever such institutions may be located, and international organizations. "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other maturities. A detailed dlecusBion of the reporting coverage, statistical presentation, and definitions appeared in the June 1951^ issue of the "Treasury Bulletin, They provide summaries, by periods and by countries, of data on short-term banking liabilities to tables which appear at less frequent intervals. Table 2, long-term foreign liabilities and claims reported published quarterly in the March, June, September, and December issues. Table k-, foreign credit and debit balances in brokerage accounts, appears semiannually in Table 5. short-term the March and September issues. liabilities to foreigners in countries and areas not regularly reported separately by banking Institutions, is presented annually in the April issue. (In milliona of dollara; negative flgtires Indicate a net outflow of capital from the United States) Anelysle of net capital movement Ret capital morement Changes In liabilities to foreigners Short-term banking funds 1, by banks and bankers, and Table 3. estimated gold and short-term dollar resources of foreign countries, are Section I - Summary by Periods Table 1.- Net Capital Movement between the United States and Foreign Countries Calendar year or month Table short-term foreign liabilities and claims reported by non-f inanolal concerns, is published quarterly in the January, April, July, and October issues of the Bulletin. 3 U . U 1 5 , 3 Treasury BuUetir 46 .CAPITAL MOVIMENTS. Section I - Sunmary by Periods Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners (Poeltlon at end of period In allllonB of dollarg) Short-tem llabllltlaa to forel^nere Payable In dollars Kid of calendar year or Bonth Short*tex« clalna on foreigneTa Payable In dollars Payable In foreign onrrenclea Foreign official Other foreign 2,2**. 3,320.3 3,335.2 *,179.3 3,0*3.9 1,9*7.1 2,036.7 2,239-9 2,678.2 2,922.0 *73.7 17.9 21.6 25.5 ko.6 2,972.7 2,9*7.0 3,001.0 3,*51.7 2,262.0 *9.7 7,718.0 7,6l8.0 8,644.8 9,302.2 1,832.1 2,836.3 2,906.1 3,620.3 3,5*7.6 1,861..3 *,0l.l.2 1,61.1.1 70-* 51.0 W1.9 72.2 1952 1953 195* P 10,5*6.1 U,61t8.U 12,928. 1» *,65*.2 5,666.9 6,783.1 k, 2*5-6 *,308.1. 1,58*.9 1,629.* 1,769.9 61.1. 1,0*8.7 *3.7 *3.2 90*. 195* -July August.,.. Septeaber. :2,te6.8 12,*37.1 12,532.0 6,1.38.6 U,28l..6 6,287.3 6,319.2 *,352.9 *,363.5 1,656.5 1,751.0 1,801.9 *7.0 *5.9 *7.3 October... Horember. Decoaber p 12,526.1 12, 57* .6 12,928. 6,1.0U.2 1,773.9 1,792.8 1,769.9 1.2.9 6,379.3 6,783.1 *,305.1 *,360.8 *,332.2 1955'>^anuary p. 12,853.2 6,750.* *,305.6 1,752.2 ijiia *,205.1i 19*3 19k* 5,37*.9 5,596.8 6,883.1 19'i5 WW 6,1.80.3 7,n6.v 19*7 19*8 19*9 1990 1951 International Loans to forel^ banks «.9 1,657.8 1,527.8 *,332.2 72.0 Payable In foreign currencies 105.* 100.3 319.6 1*3.7 137-2 169-7 2*5.0 290.5 30-9 3*-* 5*-6 *7-5 98.1 292.9 361.2 222.7 151.1 177.2 *90.6 557.1 *9*.3 506.3 699.* 165.* 100. 1. 61.6.5 1,385.0 122.9 156.5 209.6 1,109.6 1,108.6 1,187.* 178.3 178.7 187.1 811.2 801.5 825-9 17*.* *1.7 *3.2 1,291.6 1,316.5 1,385-0 19*-9 219.6 209.6 932.5 929-1 968-6 167-9 206.8 *5.0 1,380.1 231.0 956.1 193-0 2*6.7 257.9 329.7 392.8 86.1. 708.3 9*8.9 1,018.7 827.9 898.0 968.1. 8*7.5 968.6 U0.8 2Uo.e 91.8 78.* 101.6 206.8 120.1 128.1. I6I..2 Prelljalnary. p Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners (In nllllona of dollars; negatlre flgiires Indicate a net outflow of capital from the United States) U. 8. Purchases 1935-*1 19*2 19*3 396.8 i/ , 101.1. 19*5 19*6 19*7 19*8 19*9 1950 , , 1951 1952 1953 195* P 195*-JUj August,. .. Septeaber. GoTemasnt bends Corporate and other and notes i/ Calendar year or Bonth Sales 16* ,2 2*1.3 513.6 377.7 *92.* i/ 138.5 170.6 268.2 393.* *U.5 681..2 3**.8 282.* *30.0 1,236.* 283.3 330.3 333.6 29*. 673.6 533.7 6*6.0 T97.5 r 1,356.6 231,1. 728.0 797.8 r let purchases Het purchases -95.7 i/ 25.7 70.7 2*5.3 -15.7 -269.7 61.5 -*7.9 96.* 9*2.1 -683,0 302.3 -ae.o -.3 r 2/ 2/ 367.6 226,1 369.7 35*. 666.9 81.1,6 -U3,l 664.0 -64.5 -150.6 -1**,3 -21,2 2,9 782,1 570.9 652.2 784,1 2,011.1 1,116.3 659.9 844.4 708.9 1,066.6 -33* -2 -89-1 -192,2 75.2 9**,* 619.5 649.2 533.9 981.2 120,3 1.0 55.2 13*.* 1,533.3 1,384.0 1,4*7.9 2,202.7 r 2,U7.6 1,069.0 1,*59.* 2,063.61 -58*. 31* -9 -11,5 139.1 r 15.* 166.6 197.5 !*£.* 124.9 142,5 125,8 *1.B 55.0 16.6 *32.1 376.7 51*. 1 375.3 17.2 2.1 2.2 97.0 86,1 83.7 81.6 86.2 68,7 5.0r 1,U5.5 626,7 46,6 27-8 210.7 -97.* 1*1.6 188.5 197.* 284,7 I y 8,695.3 214.0 365.2 439.7 751.0 108.3 739.8 650.2 589.1 -411.4 20,9 -43.0 9,322.1 260,6 392,9 650,4 637.9 75.5 19*.6 171.* 357.7 120,0 200.1 212.8 289.7 -.r Het purchases of dooestlc securities purchaaes *30.2 i/ 96.* 151.6 136.9 260,2 2/ 107-7 -21.6 11.7 15.3 et Sales Total sales i/ -3* .6 33.* 86,9 38.6 2*. 33.9 39.2 9.1 53.0 36.2 2*,5 -.6 20.1 18.9 22.3 17.9 1.8.0 25.9 101.8 22.1 23.9 27.9 35.5 20.3 28.9 39.* 3.6 -1.0 -3.9 93.2 1*1.3 162.1 91.1 101.8 142.7 39.* 19.* 165.1 28* .2 295.* 137.3 232.5 448,5 27,8 51.8 -153,1 30.9 33,3 -e.* 1*6,3 116.3 30,0 300.6 230,7 69.9 October, . loToaber.. DecsBber p 115.1 97.9 266.1. 13.3 -168.5 1955-JBnuai7 p. 123.* 81.1 *2.3 1/ Throng 19*9, inolndes trassactlona In corporate bonds. 2/ Through 19*9, Inclined vlth trsnsactlooe In n. S. Sorernaent bonds and iJ Total pnrohasea Bonds 2/ notes, January *, 19*0, through Ceaanber 31, 1941; ths breakdmn between 15.0 2.1 stocks md bonds Is not arallabla for earlier years. Lose than $50 thousand. Prellmlnsay BeTlsed. April [955 ^7 .CAPITAL MOVEMENTS. Section I - Summary by Periods Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners (In millions of dollara; negative figures Indicate a net outflov of capital from the United States) Calendar year or month Treasury Bulletin Ug .CAPITAL MOVOffiHTS. Table 1.- Section II - Summary by Countries Short-Term Banking Liabilities to Forelgrere (Axltlon at ai^ of period In millions of dollars) ^ April 1955 1+9 .CAPITAL M0VH4ENTS. Section II - Summary by Countries Table 2.- Short-Term Banking Claims on Foreigners (Rxitlon at and of parlod in lU.lana of doUan) Country . . . Treasury Bulletin 50 .CAPITAL MOVEMENTS. Section II Summary by Countries - Table 3.- Net- Traneactlons In Long-Term Domestic Securities by Foreigners (In thouaande of dollars; negative figures Indicate net sales ty foreigners or a net outflow of capital from the United States) Calendar year WS"! Country Suropel Austria 18, 1.35 Belgln 12,611 CKecbosloTakla, Denaark yinland France Germany, Federal Republic of. Greece Italy letherlande 1952 1951 1950 -113 -32 1951* 1953 -11,876 5,655 -58 -U88 11 Wl '•8 1.21 1,813 -581 2 28 -80 -29 1.800 963 197,765 5,969 5,1.60 -1.1,668 i<86 -12 15'^ 183 60 U 551 21 -732 -6,327 1,921 -22, n't 1.90 -1.81 -21,91*3 -21,319 Rorvay Poland Portugal BtmanlB Spain 36,722 62 -38,103 138 201 5,978 -'.,5'*2 -89 1 Ul 631 2 -925 56 '.91 •^5 Sweden Switzerland. Turkey 0. S. 3. B... United Klngda -1,050 28 19,00lt '•5,897 570 50,729 -521 57,086 1 81. 63 -1.5 -103 63 ,981 21,369 70,U31 71,258 Yugoslavia. . Other Europe. -155 -313 -3 -111 8,25't 287 -1,798 -1,373 Total Europe. 3 '•7, 1*93 9,2''5 111,1.67 62,323 '•58,236 -595, '•95 191,61*7 -120,617 -1,389 -962 338 1,550 637 510 1,268 358 281 1,138 83 1.12 1,U5 Canada Latin Aaerlca: Argentina. Bolivia... Brazil Chile Colcnbla. Cuba Dcalnlcen Republic Guateaala Mexico letberlands W. Indies & Surinam. Panama , Republic of Peru El Salvador Uruguay Teneeuela Other Latin Ansrlca Total Latin America. -''79 -lOlt -710 -1,150 2ll,6l.l 213 «'• -8 6,051 1,785 -i«5 -356 2,501 3,066 89 76 It (•So 119 638 -836 -1,519 170 •09 6 2,592 19,385 -1,029 -1,170 886 873 1136 -6,532 96 65 2,680 -S.kZk 1,1.1.3 373 -81. 10,893 -10,921 -5,0'.8 2,558 1,068 4,213 2,309 1,591^ 87'^ 1,687 3,01.1 lU 13,890 U,686 21., 859 -2,963 -153 2,337 7,011. -98 -203 1,313 -1,1*32 -317 -267 -61.8 la 11*1 252 -69 -1.9 15 -1,552 -13,696 160 2,283 101 -57 51*3 -91. l'^3 1.91 31*3 30, 661. 21 3,1*50 Asia: China Mainland Fonaosa Hong Eong India Indonesia Iran larsAl Japan Eoroa, Republic of. 1/ -153 853 1/ -179 aillpplnea 875 2,065 -11,1«2 Thailand Other Asia U 2U7 1,737 599 -382 -180 877 Total Asia -15,317 '•,753 -9,535 70 -88 71 156 115 82 -359 2 99 -95'^ -1*99 228 1,021 1,770 123 -903 -222 -889 11*9 Other countries: Australia Belgian Congo Egypt and Anglo-Egyptian Sudan. Union of South Africa All other Total other countries 2,'.33 2,687 -7'.!. 1,935 International 121,220 -15,938 lit, 71*1* Grand total. 9ltlt,li30 -581.,289 311* ,91.4 11* P August September October Novenber December p \\April 195") 51 .CAPITAL MOVIMENTS. Section II - Sumnary by Countries Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners (In Uunisands of dollarsj nsgatlrs fl«ur» IndlMt* D*t Cotaitz7 mIm Vj for*l«nsn or • net outfloy of c«pl-Ul fixn th* tJnltwl Statsa) Treasury Bulletin 52 .CAPITAL MOVOIENTS Section III - . Preliminary Details by Countries Table 1.- Short-Term Banking Liabilities to Foreigners as of February 28, 1955 (^•Itlcn Is tliOQsaiids of 4ollar«) a>ort-t«rB llabllltlM paTakl* la dollar* Total short -t«r« llatillltlM Cooutrj To foral^ bonka and offlolal Inatltntlooa U. Depoalt* Tr«««ur7 blUa and o«rtlfloat«a loropat Aaatrla Bel«l<a 276,589 92,973 1,175 70,253 '1,636 716,616 CtaolioalaTakla DaiMark rinlaod rraoca Oaxvany, Fadaral Republic of... Gr««c« Italj latharlanda 1, '•05,935 131., 188 6l0,2li6 221,231 66,233 1,718 98,133 8,030 84,735 crvaj Polanl Portugal Puaanla 3p«Lln ^eden 129,661 avlUarland 6311,1156 Turtay D.S.S.P United Eia0daai 9,217 1,715 599,395 Tu^oolaTla Other iDTope 9,790 381,732 Total Xaropa 5,595,657 Canada 1,365,333 tatlD Aiwrlcat Argentina BollTla Braill Chile Coloabla lUli,l8l Cuba Doalnloan Bepabllo Ouatenala Meiloo etharlanda W. Indlea & BorlnaB, 228,100 Fanaaa, Bepubllo of Peru n. Salrador m-Dgnay TaneEuela Other Latin Aaerlca 27,189 10li,8l2 65, U9 138,690 , 112,578 357,676 Wi,it26 75,092 78,980 "•6,575 83,061i , 176,823 127, 53£ Total Utln /taarloa 1,806,2311 Aalal China M-i-i-i*! , Tozmea Eoog long India Indoneala Iran larael Japan Korea, Bepubllo of , , , 36,1169 33,800 60,107 101. -SOS 110,1179 Ii7,001 , Ii0,li31 700,125 100,185 263 ,216 nmiFplnea Thailand Other Asia 2311.385 Total Aala 1,860,766 133,066 Other coon trl eel Auatralla Belglen Cooeo Ssypt and Anglo-lsTptlcn Sudan., Union of South Afrloa All other , Total other oountrlea IntematloiAl Grand total 58,590 i«,736 51,993 36,201 95,082 28ii,6oa To all othar forclgDera 8. 0. Otbar Totad Sapoalta 8. TraaauzT bllla and oartifioat«a ipril /955 53 .CAPITAL MOViMEMTS. Table 2. Section III - Preliminary Details by Countries Short-Term Banking Claims on Foreigners as of January 31, 1955 (Fosltlon In thoaBaiid« of dollar*) Treasury Bulletin 5^ .CAPITAL MOVEMENTS. Section III - Preliminary Details by Countries Taole 3.- Purchases and Sales of Long-Term Securities by Foreigners during January 106S (In thoufiuvla of dollars) Purchasae by foralgnars CciBtarx U.S. Total purchases Goranuaeat bonds and Dotas Europe: Austria Balgl\n Czeohoaloralcla Denmark Flnlai^ 187 52,821 France Ceivanjr, Federal Republic of... Greece Italy Netherlands Horvaj Poland Portugal Rtoanla Spain Corporata and other 7,177 38 2,397 254 5 5 811 7,178 27 1,068 32,329 262 20 98 41 U7 6 926 200 8,449 259 2 132 683 153 366 294 20 U 346 4,481 253 2,204 37 14 420 5 36 114 474 917 139 9,581 730 97 671 174 50 130 1,291 10 16 805 141 10 3,063 1 527 47,949 65 1 1,5''8 231 3,491 225 54,697 60 70 5,436 6,3'tl 3,907 31,788 8,266 1,638 12,131 '•,035 81 27 187 14 356 7 17'* 6,U70 5 50,265 18 124 6,454 10 1,159 24,932 8 1 3'tl 931 U2 3,083 35,638 16 221t 3l< Goramnent Corporate sad other 76,854 1,366 5,406 290 2U7 161 3 U.S. 3l< 6,973 155 769 5,556 1,058 30 76 31 563 315 69,335 6,718 2I»1 18I. 1,320 Svaden Svltxerlaol Turkey U.S.S.R Ublted Eln^GB Total sales lil6 8,823 735 157 2,039 lit, 890 1,780 38 Forel^ securities Dcaestlc eeourltiaa bonde and notes IW 3U,908 Sales b7 forelgoars Foreign sacurltlee Doasstlc sacxirltlas 782 210 3,204 166 20,743 1,466 2 4 50,lit6 13,807 YugoslsTla Other Europe 8,668 7,oy 238 816 420 152 88 1,720 Total Europe 211,893 59,663 l6,it89 9>^Ml 27,708 13,600 192,599 46,303 l'',317 65,922 45,584 129,236 37,8I»1 9,984 24,312 32,328 24,771 126,922 SI*, 358 17,746 25,296 7,130 38 506 62 62 1 508 94 855 1,277 3't 5'' Canada Latin Aaarloa: Argentina BollTla Braill Chile Coloabla Cuba DoKlnlcan Bepubllo Cuatenala Mexico Netherlands W. Indies & 669 11 71 196 875 1,365 197 1,852 112 108 63 167 12 609 130 1,031 1,908 126 25,000 U5I4 3,539 175 111 2,188 737 103 295 48 4,151 164 3 73 322 386 14 2,111 922 1,772 300 114 55 2,861 1,851 317 30,025 326 UU Surina 3,041 litS 1*78 23 421 20 Panaaa, Republlo of '1,792 82 Peru El Salrador Uruguay Venetuela Ot^r Latin Jlaerlca 295 68 85 15 2,156 685 212 3,701 200 15 3,285 2,439 1,084 Total Latin Anerlca 5't,25't 25,699 l,''5't 20,155 39 lU 168 257 lit9 165 3,982 3,1'>3 12 13'' 278 227 549 25 3,889 1,191 4,161 2,785 21,765 1 2,517 35 U6 10 52 10 56 2,553 39 28 15 31 2 36 82 33 U4 27 3,792 163 62 1,775 48 138 1,440 187 22 3,378 2, 716 694 69 16 92 212 359 17,125 1,575 69 1 28 56 2,323 37 24 17 75 41 30 147 11 US 305 155 150 -281 41 119 606 '',053 87 1,005 1 16 25 462 Asia: China Mainland Fomoea 105 2,836 268 62 Hong Kong India Indoneala Iran Isrsel Japan Korea, Republlo of Phillpplaas T»i*<1 will* 25 104 15 33 1.58 ^ 8i. 31 1 41 230 111 33 108 66 30 12 753 21 Other Asia l»50 Total Asia 5,127 98 m 4,208 267 133 3 4,161 27 73 2,060 2 129 17 599 2,041 7ii5 10,161 147 3,375 6,31'' lilt 275 732 7 539 3,3i»6 927 31 9,795 139 151 518 4,541 3 >>04 62 150 3,971 U8 10,065 5,820 154 '',531 774 571 3,136 217 13 other oountrlas: Australia Belgian Congo Egypt and Anglo-Egyptian Sudan. Utalcn of South Africa All other Total other countries Interoatlooal Grand total 9,897 20 '',517 585 69 19 2 240 3,520 l'»,8l9 616 3,650 2,51.6 1,771* 2 383 1*17,875 123,^)1 30,856 146,297 75,780 684 41,541 591 3'. 28 '.3 40 360,403 81,106 33,300 U6,26l 3 . . m'j April 55 .CAPITAL MOITEMENTS. Section IV - Supplementary Data by Countries Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns V (Position at end of period la thousands of dollars) Liabilities to foreigners Country 1953 Claims on foreigners 195lt isy* 1953 September December Austria Belgium 3,210 H>,88l Csechoslovalcla. Denmerlc 16,3'<5 2,1)31 2,219 13,502 16,355 591 825 771 10,484 16,342 437 636 966r 13,245r 316 343 655 685 13,873 316 4l4 548 2,354 6,859 989 1,469 576 1,762 9,372 1,051 3,156 542 lli,6o6 10,81*1* 2,877 12,056 3,370 4,371 7,108 11,010 13,786 3,704 4,496 7,842r 10,202 11,109 2,315 3,825 7,901 19,548 6,841 1,473 15,353 7,738 1,971 15,451 15,017 6,212 9,917 September September September Europe: Flnlaid France...... Germany.. ... Greece Italy Netherlands 13, W"* Hocvay 7, sue 7,328 16,70U itl8 5,695 17 1,392 271 7,822 7,372 l.,631 l*,l*12 9,186 1,663 281 8,306 Elnedoi 1»9,618 1*11,252 TngoaXarla. . Other Europe. 1,179 1,012 1,71*7 Total Europe. Portugal.... Bmanla Spain Sveden , Switzerland.., Turkey O.S.S.F llk>it«d , , Latin Aaerlea; Argentina. ............ BollTla Brazil Chile Colcnbia •. Cuba Dominican Bepubllc..,. Onatemala Mexico Sethsrlands V. Indies & Surlnaa Panaaa, Republic orf. .. Peru El Salrador Uruguay 2,328 66 1,774 150 2,039 1,837 153 3,506 2,962 10,392 2,205 282 49,805 3,061 9,294r 2,262 281 44,590 2,645 14,195 2,515 281 40,728 6,035 3,569 12,049 58 45,663 827 769 844 625r 648 624 717 2,198 4,056 1,948 163,389 151,976 149,209 134,060r 133,038 l'*4,285 154,969 41,010 1*5,898 35,287 38,109 34,991 92,224 91,277 6,393 1,885 15,652r 4,946 7,856 4,681 1,666 14,223 4,685 4,858 10,582 766 40,079 9,347 13,093 9,821 871 28,310 10,337 13,423 8,510r 1,051 1,196 6,015 6,125 417 537 4,941 12,926 1,584 1,838 24,971 11,682 2,064 1,935 24,576 796 1,467 1,494 3,203 12,318 191 4,891 8,793 2,270 3,812 9,187 1,783 5,259 19,203 11,477 155,234 9,220 1*81 1,61*2 281 15 16 39 4,063 3,162 3,552 3,544 9,623 32 53,321 2,321* 1,71*1* 17,905 12,1*55 16,707 8,955 5,236 5,711* 4,798 1,780 16,557 8,266 7,042 5,273 622 665 7,849 3,896 959 866 7,278 5,959 1.183 1,121 6,447 925 2,133 1,794 23, "156 11,575 7,009 18,300 13,254 196 4,194 8,996 2,057 101,944 9,099 13,361 275 4,68lr 9,292 2,249 92,517r 74,595 7,660 12,638 1,893 4,891 16,381 9,905 170,021 3,297 1,337 1,594 4,684 2,4^5 3,316 679 1,549 4,123r 1,485 3,313 1,269 1,116 4,254 2,106 8,296 289 484 4,770 3,243 8,158 2,003 704 4,497 3,504 509 1,197 14,167 340 5,498 630 983 7,602r 1,055 1,231 12,021 1,048 12,180 12,758 1,094 12,194 3,888 173 3,945 6,396 4,794 8,180 6,807 7,541 6,359 2,536 9,798 3,068 10,726 111,887 Other Latin Aasrlca. .. 9,1*56 2,i*ao Total lAtlA Aaerlea... 116,1*36 93,806 3,353 1,517 3,1*00 Fbmosa. Hong Kong India Indooasla 1,881* 3,961* 2,971* • 7U 8,256 7,717 16 225 6,86a 8,297 1,881 Iran «., • Israel Japan Korea, Republic of. Phlllpplnea 14, 2,650 390 4,396 235 Aslai China Mainland 3,749 9,807 10,452 2,783 469 4,559r 6,1*20 Teoeznelji 5,2U 1,780 421 6,937 18 Po1ar«1 1*58 1,901* 7,731 2/ 1,883 1,707 4,652 1,191 1*05 1,1*03 10,172 2/ 4 ,964r 1,485 342 1*,060 3,257 6,1*26 Other Asia 5,1*15 13,1*20 12,681 6,643 10,478 Total Asia 1*6,680 1*7,177 52,209 39,584r 44,383 61,798 65,337 8,728 216 8,934 120 7,662 294 6,850 200r 7,554 188 8,741 3,303 8,094 3,036 1,117 967 627 861 3,706 808 579 3,222 1,728 5,634 5,831 1,784 6,062 7,004 12,351 25,237 25,980 T^' ft ll wivl Other countrieal Anstralla Belgian Coogo Egypt and Anglo -Bgyrtlan Sudan. ................ Onion of South ATrioa.. All other Total other countries.. Intematiooal. Grand total... 1/ l*,307 91*7 866 3,99a 923 6,297 11*, 71*9 17,103 "sr 382,305 13,505 12,244r 92" 33 355,993 352,154 3l6,5l4r As reported by exporters. Importers, and Industrial and coanaBrclal concerns In the Uiilted States. Data exclude claims held through United States banks, ani Intercompany accounts between United States companies 299,450 "5i2" 494,177 , . Treasury Bulletin 56 .CAPITAL MOVEMENTS. Section IV - Supplementary Data by Countries Table 5.- Short-Tenr Liabilities to Foreigners In Countries and Areas not Regularly Reported Separately by Banks and Bankers (Poaltloa at end of oalaodar jear In thtmBands of dolXars) Comtiy 19» 1958 1953 1954 "Otber Baropa * Albania Brltiah lledlt«rranasn poeaeaslona... Bulgaria Xaatara Oaimao^ .....•..•••••••••..•• fistocLla, , • , • , 137 602 603 Q.a. 2,67s ,,, Hm^arj. .,....,.,, ••,•••« Iceland ••••••••••••••••• Ireland, Bapubllo of..,..«.«,«,.,,.. LatTla ..•...•••••••••,,,,,,,, Lithuania .«•••«••••.•••••••• LmambotirB • Hocao o ..•,•,•••,,,,,,.,,«,..«,,,,,, Trleete,,,,,,,,,,,,,,,,,,,.,,, " 975 3,509 15,913 1,326 577 996 3,719 12,583 1,340 556 1,043 7,538 14,059 1,307 399 1,001 8,877 n.a. 1,322 21h n,76l 4,97* a,570 4,085 3,081 8,531 4,486 5,388 8,811 18,042 13,433 17,726 586 9,349 19,035 15,313 21,236 392 12,704 eis 4,003 Other Latin /toariea ' Brltiah Caribbean poeeeaalona Coata Rloa Soufldor ......,.,.,.,., nrvnoh Veat Indlea and Frvncb Oulana. Haiti l't,593 761 10,326 14,589 12,103 23,747 2,187 11,625 Hondnraa Sloaregua Paragnar 17,195 8,262 5,353 15,356 13,433 4,997 18,699 16,005 5,999 n.a. 10,282 3,579 Afghanlatan , , Brltiah Malaga Bmna*. •••••••••••••••*•*•«••••••••», 10,630 10,801 19,187 12,880 2,745 8,863 23,026 17,096 13,764 n.a. 9,588 29,687 Cejrlso 3,984 12,429 16,924 13,926 901 23,917 9,722 5,314 18,510 755 16,546 3,806 1,766 61,474 20,545 6,923 21,539 8,l40 , , 8,705 11,1.38 Other Aala * , , Iraq Jordczi ., LsbanoQ Paklatan Porti^uaae Aala Saudi Arabia *•••••.. ,., ••••...• •.•.,••«,, •••., , ayrla Tleteaa i/ " 1.944 198 5T9 6U4 1,237 n.a. 3,178 5,580 , " 200 "»« 587 n,a. 1,947 9,5l»5 515 15,338 13,116 2,731 13,204 14, UO 573 19,278 14,390 2,830 15,907 5,448 7,274 U,350 1,209 6,935 34,553 6,067 526 1,133 3,458 25,653 10,297 2,295 5,167 4,256 201 21,454 3,493 6,287 7,658 n.a. 10,032 Other coiaitrlea " Brltiah Afrloa Xthopla (Inoludlng Xrltrea),, ..•,.,•, T^noh Africa .,,,•1 Uberla Ubya Vev Z«al«nd Portugueae Afrloa Spanlah Afrloa Tangier Rota: Die Inforaatlon in thla table la reported to the Treaau>7 Departzant a of Deoasber 31 of each year. The totala vlll not agre< vlth thoae ahovn for the oorreapondlng datea for "Other lorope," "Other Latin America," "Other Aala," and "Other oowitrlea" in the regular wiothlj aerlea in the Traaanrr Bulletin." Beporte bare bean reiveated onl; fron banka ani 210 26,680 1,564 9,139 20,489 U,8l7 2,967 2,071 4,997 158 36,056 1,440 n.a. 14,588 5,6ea n.a. 8,338 n.k. 520 35,746 baz]k»rB In the S«ooad Federal Beeerre District, and oonntrles h«re i/ n.a. bean ooltted or grouped to avoid rereaXlng Individual eccoonts or the forel^ poaltloa of anj reporting liuitltatlona Prior to 195^, data repreeent llabllltlee to Indochina. Not available. April 1955 57 .CORPORATIONS AND CERTAIN OTHER BUSmESS-TYPE ACTIVITIES. rinanclal statements of corporations In which the United States Government has a proprietary Interest, direct or Indirect, and of certain other business-type activities of the United States Government are sub- and application of funds, which are published In the "Treasury Bulletin." mitted quarterly to the Treasury Department, In accord- appear In this Issue. ance with Budget-Treasury Regulation No. The tables on Income and expense and source and application 3. Issued under The balance sheet tables for December 3I , 1954, They are published for each quarter. Executive Order No. 8512 of August I3, ^9'^0, as amended Data from by Executive Order No. 9084 of March 3, l^kZ, of funds are published at six-month intervals, these reports, adjusted for consistency where necessary, •ire complied In a series of tables covering balance sheets, In each case In a Bulletin Issue subsequent to that carrying the corresponding balance sheet data. statements of Income and expense, and statements of source the periods ending June 30 snd December 31. and cover They appear 9 Treasury Bulletin 58 . Table 1.- COKPORATIONS AND CERTAIN OTHKR BUSHJESS-TYEE ACTIYITIES. Sutimiary of Balance Sheets of Corporations and Certain Other Buslnese-Type Activities of the United States Government, December 31, 1954 (In mlllloiu of dollars) Corporations CMhl lukDd and in banks .......•...•...•.•.•.•.*..>..•.•.• With n. 3. TrtMurarr On Depoalta with ottior Goroment corporatlona and agenolea.. 110.lt 1,260.1» 911.5 I19O.9 Ifl.O iS.o 15.9 T69.5 Loane racalvablai Gorarxnant oorporatlooa and aeanoiea Othera Lasa: Reaerre for loaaaa • l'i,53't.7 27.2 111,507.5 19,575.5 -227.9 10,1187.3 9,088.2 -103.3 -I2I1.6 5.9 1,381.3 -15.3 Aooonnta and ootaa recalvabla: Oorennunt oorporatiooa and agenolaa Othera Reaarre for loaaaa Leaal 132.3 126.it 1,669.'' 288.2 -36.5 -21.3 10.1 87.6 as*.! -33.7 9.2 .9 .1 T3.6 -.1 87.5 180.2 -33.7 U, Soil. It lt,38lt.lt 1)20.0 -952. It -952.il 2,967.11 2,638.7 .It .It 151.0 1.0 Aoomad aaaatal Intaraat od puhllo debt obllgatlona Goranaant oorporatlooa and agenclaa Othera Laaa: Baaerre for loaaes Co^ndltles, anppUee, and oatarlala Laaa t Baaerre for loaaes InTeetaanta , • I Pnbllo debt obllgatlona of the Oil ted Statea Seonrltlea of Oorermaant corporations and agenclea: Federal Housing Adalnlatratlon debenturea Capital stock and paid-in surplus of Gorenment corporations Other aecurltlea: International Bank for Recooatructlco and Derelopaant atook International Honetajy Fund <• subscriptions Other Less : Peeerre for loaaaa 328.7 150.0 635.0 2,750.0 635.0 2,750.0 53.3 58.9 -6.lt -6.1* 9,053. "i -1,007.5 3, 553.lt .5 Land, atnxsturea, and equliiaant: Held for uae or aale Least Beserre for depreciation Acquired security or collateral -990.6 5,500.0 -16.9 261.6 sit.a 236.8 -111.5 -8.8 -ioe.8 Deferred and undlatrlbuted ohargea 119.1 108. It 10.7 Other aaeeta 269.3 123.9 -6.8 11*5.5 Lees : Leee : Beserre for losses Beserre for losses Total assets -lit. 8 56,326.6 (Cootijsnad on following page) 20, It 13. -8.0 35,912.7 April m^ 59 . COEPORATIONS AMD CE3SITAIN OTHER BUSINESS-TYPE ACTIVITIES. Table 1.- Summary of Balance Sheets of Corporations and Certain Other Business-Type Activities of the United States Government, December 31, 1954 - (Continued) (In millions of dollara) Acoouat : : 9 , 60 Treasury Bulletin -COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Table 2.- Balance Sheets of Corporations of the United States Governinent, December 31, 1954 (In nlllloas of dollAra) Department of Agrloxilture Total Ccomodlty Credit Corporation Federal Crop Inauraace Corporation Department of Cosneroe Departmeot of the Int«rlor JnTttnA Virgin Watenraye Corporation Islanda Corporation 6.1* , Deposits with other Gort. corps, and agencies... Loans receivable: Govemment corporations and agencies Others: To aid agriculture: Agricultural credit corporations Cooperative associations Crop, livestock, and camnodity loans Farm mortgage loans Other To aid heme owners : Mortgage loana , etc ... To aid Indus tx7: Railroads Other To aid States, Territories, etc To aid financial institutions: Banks Insurance companies , Mortgage loan ccanpaniee Foreign loans Guaranteed, held by lending agencies Other Other loans (not otherwise classified) Lees: Beeerve for losses Total loans receivable (net) U90.9 15.1 2/ 21.5 3.3 18.0 27.2 635.5 363.8 2,9't0.3 15.7 2,9'«5.3 1/ lto.6 2/ 2, '160.5 9.5 182.3 136.3 2.3 3.7 863.8 118.8 2,687.1i 2lt.O -103.3 10,1(11.2 8.6 -66.0 8.6 2, 911*. Accounts and notoe receivable: Government corporations and agencies... Others Less: Peaerve for losses 288.2 -21.3 87.5 219.2 -10.6 5.0 -2.6 Total accomta and notes receivable (net) 393.3 296.1 2.U Accrued aaaeta: Interest on public debt obligations Goverament corporations and agencies Others Lese: Reserve for losses Total accrued assets (net) Cqgnodltles, aiippl lee, and materials: neH for use or sale Leas : Reserve for losses Conmioditles , supplies, and materials (net).... Investments Public debt obligations of the United States.. Securities of Govt, corps, and agencies: Federal Housing Administration debentures... Cap. stock and paid-in surpl. of Govt, corps Other securities: Banks and trust conpanles - preferred stock. Other Lees: Reserve for losses Total investments (net) 126 .H 9.2 .1 73.8 -.1 22.8 83.1 22.8 lt,381i.l. '',253.5 -951.'' 1.0 -952. "» 3,1*32.0 3,302.1 1.0 2,638.7 .1. 1.0 20.5 32.lt -6.U - 2,686.6 Lend, structures, and equipment: Held for use or sale Lees: Reserve for depreciation 3,553.1' -990.6 201.9 -k9.5 land, structures, and oqulpnent (net) 2,562.6 152.'' Acquired security or co llateral Lees: Reserve for losses Acquired security or collateral (net) 2li.8 -8.8 16.0 Deferred and undistributed charges 108. It 103.5 Other aos ete 123.9 -6.8 -3.6 Less: , Reserve for losses Other aaaeta (net) Total assete Footnotes at end of Table 3, .h 8.2 117.1 h.l 20,''13.9 6,818.0 23.9 Federal Prison Induatrlee, Inc. ASSETS Cash: 1/ On hand and In banlca... With U. S. TreaatU7 Depar^aent of Justice Departeent of the TreasuzT Federal Facllltlea Corporation Reconatructlon Finance Corporation ( In ll4uldatlon)i/ April 1955 61 .CORPORATIONS AND CERTAIN OTHETi BUSINESS-TrrE ACTiViTLKS. Table 2.- Balance Sheets of Corporations of the United States Government, December 31, 1954 - (Continued) Treasury Bulletin 62 .CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES. Table 2.- Balance Sieete of Corporations of the United States Government, December 31, 1954 - (Continued) (In nlULions of dollars) . April 1955 63 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVrriES. Table 2.- Balance Sheets of Corporations of the United States Government, December 31, 1954 - (Continued) (In mllllona of dollars) : - i Treasury Bulletin 64 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES. Table 2.- Balance Sheets of Corporations of the United States Govemment, December 31, 1954 - (Continued) (In Far» Credit Adsdjilst ration (Cootlnuad) Production credit corporatlona UUons "T Hooslng and Boae Finance Agency Federal Deposit Insurance Ccrpo ration 'SSETS Caah! 1/ On hand and in banks ffith D, S. *. * Treasury •.••...•< Deposits vlth other Oovt, corps, and agenclea .7 .2 2.6 «•, Loans receivable Govemment oorporatione and agencies •.., Others I To aid agriculture: Agricultural credit corporations • Cooperative associations Crop, livestock, and cc^odity loans ...... FaziD mortgage loans • Other To aid home owners: Uortgage loans, etc* •< To aid industry: Railroads Other To aid States, Territories, etc To aid financial institutions: Banks Insurance companies Mortgage loan eonpanips Foreign loans: Ouaranteed, held by lenJlng agencies Other Other loana (not otherwise classififtd) .,,.., Less: Reserve for losses ..«.• •, • 2.2 i , Total loans receivable (net) , Accounts and notes receivable: Qovemnent corporations and agencies .......... Others Less: Reserve tar losses ••••••••• Total accounts and notes receivable (net) «... Aoorued assets: Interest on publlo debt obligations Goverrunent corporations and agencies Others Less: Reserve for losses , •••••< Total accru«*d assets (net) ^7 , Cownoditiea, supplies, and materials: Keltl for use or sale Less; Reserve Tar losses Connwdlties, supplies, and materials (net) , •••. Investaente J*ubllc debt obligations of tiie TJnited States ,, Securities cf Govt, corps, and agencies: Federal Housing Administration debentures «• Cap, stock and paid-in sxirpl. of Govt, corps, Other securities: Banks and trust companies - preferred stook Other Less: Reserve fcr losses a-9 , Total investments (net) 45.1 , Land, gtructiires, and eq\iipaent: Held for use or sale , , Less: Reserve for depreciation , • *. Isndf stiMctxirea, and «qui(Bent (net) ..••.•••. Acquired security or collateral , Less: ReseiTe for losses , Acquired security or collateral (net) , , Deferred and undiatrlbuted charges Other asse ts , Less: Reserve fcr losses ...,,,,, Other assets (net) Total asseta Footnotas at end of Table 3. ,, , , 3.2 ,. of dollars) 1,62/*^ Hose Loan Bank Board Federal National Mortgage Association 12/ Federal hone loan banka Federal Savings and Loan Insurance Corporation Pabllo Housing Adisinlet rat ion 20/ Panaaa Canal CcBipasr Saint I^wrence Seaway Developaent Corpora tlcn Tennessee Valley Authority April 1955 Treasury Bulletin 66 .CORPORATIONS AND Ci3ffAIN OTHER BOSINESS-TTrPE ACTIVITIES. Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, December 31, 1954 (In BlllloDa of dollars) April 1^55 cnnpoRAT ; Treasury Bulletin 68 .CORPORATIONS AND CERTAIH OTHKR BUSINESS-TYPE ACTIVITIES. Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, December 31, 1954 - (Continued) (In mllllcsiB of dollarB) Fam Dopartaent of the ^t«rlor IniUaa loana Puerto Rloo Becons true ti on Mnlnis tr«it Ion (In llquidatlon) Oepartaent of the Treaeur7 Mlsoellazieoua loana and certain other aaeeta ASSSTS Caah ! 1/ On hand and In barks With U. S. Treasury • Loana receivable; QoverrjBert oorporKtlons and agencies Others t To aid agriculture: Agricultural credit corporations Cooperative associations Crop, livestock, and conmodity loans ••... Fara mortgage loans • Other loans, etc, . To aid home oimers: Mortgage To aid industry: Railroads •.. Other To aid States, Territories, etc Pox^l^ U,507.5 28/ 3.3 2.1 27.5 1.9 3,5'70.4 29/ loanf; Othpr loers (not othenrlse classified) ...., Less: Reserve for losses ••••..••< Total loans receivable (net) 10.3 -.8 -.9 9.5 3.8 18,109.4 Accounts and notes receivable Qovemment corporation; Others Lens: ar;r! acenctes 1,000.0 22/ Reserve for losses • Total accounts and notes receivable (net) •., 1,000.0 Accrued assets: Interest on public debt obligations ••.....,•. Oovemnent corporations and agencies Others Less: 87.5 , , Reserve for losses Total accrued a^iseta (net) 87.5 Coianodities, supplies, and materials .••..•.•... Investnents: Public debt ohllKatlons of the tMlted States Securities of •'lovemnient corporations: Capital stock and paid-in surplus of Go'/emment corporations Other securities: Inti^matlonfll Bank for Reconstruction and Development - stock International Monetary Fund - subscriptions Other Least Reserve for loss, j , , 635.0 2,750.0 ', Total investments (net) » 3, LanH, structures, and equlpcent ; Held for uae or sale •••.*• Less: Reserve for depreciation Total land, structures, and equipoent (net) .3 • Acquired security or collateral Less; Reserve for losses Total acquired security or collateral (net) . Deferred and undistributed charges Other assets Less: Reserve for losses Total other assets (net) Total assets Footnotes at end of table* 9.5 Federal ClTll Defence Act of 1950, Credit Administration Foreign Operatlone AdiDlnls tra t Ion Agrlcxil- tural MartetlDg Act Ou&rantj progrsB Loan program April 19^5 69 .CORPORATIONS AHD CERTAIU OTHER BUSINESS-TrPE ACTIVITIES. Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, December 31, 1954 - (Continued) (In Account mUUons of dollaza) : . . . Treasury Bulletin 70 .CORPORATIONS AND CERTAIN OTHER BUSmESS-TYPE ACTIVITIES, Table 3.- Balance Sheets of Certain Buslnese-Type Activities of the United States Government, December 31, 1954 - (Continued) (In mlUlonfl of dollara) G«n«ral Serrlcee Administration Abaca fiber program ASSETS Ca<h: 1/ On band and in banka 6,6 With U.S. Treaaury Loan* recelTable: OoveroBent corporations and agenc lea Others To aid apiculture: Agricultural credit corporations Cooperative associations Crop, livcBtock, and co^K>dit7 loans... Pan Bortgage loans Other To aid tvMS ovners: Mortgage loans, etc. To aid industry: Railroads Other To aid States, Territories, etc Fore ign loans Other loans (not otbervlee classified)... Reserve for losses Less: Total loans recelTable (iwt). Accounts and notes receivable: Oorement corporations and agencies. Others Reserve for losses Leas: Total accounts and notes recelTable (net). Accrued assets: Interest on public debt obligations.. Goveroment corporations and agencies. Others Reserve for losses Less: Total accrued assets (net) CoiModlties, supplies, and aterlals . k,B InvestaeDts: Public debt obligations of the Onlted States.. Securities of GoTemaent corporations: Capital stock and paid-in surplus of Oovensent coi!*poratlons Other securities: Intematloa&l Ban> for Reconstruction and Development - stC'Ck International Monetary Pund Other Less: Reserve for losses - subscriptions. Total iDvestaents (net) And, structures, and equlpaent: Held for use or sale Reserve for depreciation Less: Total land, structures, and equipaent (net) Acquired security or collateral Less: Reserve for losses Total acquired security or collateral (net) Deferred and undistributed charges Other aasets Less: Reserve for losses. Total ottier assets (net).. Total assets - April 1955 71 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES. Table 3.- Balance Sheets of Certain Business-Type Activities of the United States Government, December 31, 1954 - (Continued) (in millions of dollara) Treasury Bulletin 72 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYTTrES. Table 3.- Balance Sheets of Certain Buelnes8-Type Activities of the United States Government, December 31, 1954 - (Continued) (In mlllloru of dolLare) April /955 73 , CORPORATIONS AND CEPTAIH OTHER BUSIHESS-TYFE ACTIVITIES. Table 3.- Balance aieete of Certain Business-Type Activities of the United States Government, December 31, 1954 - (Continued) (In nllUons of dollars) Treasury Bulletin Z"* .CORPORATIONS AUD CERTAIN 0THE3? BUSINESS-TYPE ACTIVITIES. Table 3.- Balance Sheets of Certain Buslnese-Type Activities of the United States Government, December 31, 1954 - (Continued) (In nlllloiu of doUara) April 1955 75 .CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTTVITIES- Table 3.- Balance Sheets of Certain Buelness-Type Activities of the United States Government, December 31, 1954 - (Continued) (In millions of dollars) Footnotes on followljig page. Treasury Bulletin 76 .CORPORATIONS AND CERTAIN OTh}*K BUSINESS-TYPE ACTIYITIES. Footnotes to Tables 2 and 3 Wote: The reports an received are revised by the Treasury Department to adjust for certain lnte^a^;enoy items and therefore may not ai^ee exactly with statements Issued ir- the resoective corporations and business-type activities, 1/ Occludes unexpende-1 balanc«s of appropriated funds. 7/ Includes dollar value of foreign currency on deposit for account of the Secretary of the Treasury. 3/ By Rxecutive Order No. 10539, dated June 22, 1Q54, the President transferred the synthetic rubber and tin programs froa the Reconstruction Flnnnce Corporation to this Corporation, effective at the close of business June 30, 195A, 1/ Effective July 1, 1^5^, the Secretary of the Treasury became resoonsible for the liquidation of all lending functions and World War II and production programs of the Reconstruction Finance Corporation, after Riving effect to transfers to other agencies by Reorganization Plan No. 2 of 195i. 5/ Includes ^,3^5.6 million f^uaranteed loans and certificates of interest heli by lending agencies, 6/ Includes matured interest amounting to $.1 million for irtilch cash has been deposited with the Treasurer of the United States. 7/ Represents mAtured obllf^ations for which cash has been deposited with the Treasurer of the United States, 8/ Includes S5.0 million advanced from a revolving fund which has been established by anpropriations, 9/ Represents equity of the United States Treasury in this Corporation. 10/ Includes deficit resulting fron adrdnistrative expenses amounting to »87,3 atilllon. 11/ Represents Reconstruction Finance Corporation proprietary interest In a Govemnent corporation, 12/ Peginninc on July 1, 195^, this Corporation, which was tranaferred to the Reconstruction Pinanoe Corporation on Januaiy 2B, 19^, for liquidation, has been in liquidation under the direction of the Secretary of the Treasury, 13/ The capital stock of this Corporation la held by the Reconstruction Plnj\nce Corporation, 1A/ These foreign loans and other assets and llabllltiea were transferred from the Reconstruction Finance Corporation, effective July 1, 195^. 15/ Includes real estate sales contracts, 15/ Includes 8118.8 million (ruaranteed loans hell by lending agencies, 17/ Represents equity of the United States Treasury In these programs. Is/ Represents net investment of the United States OovemBent transferred from the Reconstruction Finance Corporation, 19/ Incl^ides the equity of the United States Oovomnent in the Defense Homes Corporation, and other assets and liabilities which were 20/ ?!/ 22/ 22/ ZU 2 ^/ 26/ 27/ 28/ 29/ 30/ 31/ 32/ 33/ 34/ 35/ • transferred fron the Reconstruction Finance Corporation, effective July 1, 195A. Reoresents activities under the United States Housing Act, as amended, The balance sheet Is subject to substantial change oending establishment of a ccnpleto plant inventory and appraisal of net assets transferred fron the Panama Canal to the C<MBpeny, The final repayment of capital stock was covered into miscellaneous receipts of the United States Treasury on August 31, 19^8. The surplus is not available by law for dividend distribution and la considered by the Corporation as a reserve for future deposit insurance losses ard related expenses with respect to Insured banks. 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 $271.9 million and net expense of noninccae-produclng programs of $155 million, Represents expended appropriations and excess of Incooe or expense. Figures representing each of the two amounts are not available at this time. Represents total Treasury loans to Government corporations. Deducted in this analysis because credit has been taken in the Corporation analysis in Table 2, Repi*e9ents obligations of Government corporations and business-type activities as shown under "Bonds, debentures, and notes payable United States Treasuiy," Includes $3,567.3 million loan to the United Kingdom, Partial repayments aggregating $182,7 million were made on Tlecember 31 of the years 1951, 1952, 1953, and 195i. Includes $1,000 million due under the agreement with Germany signed February 27, 1953. Includes subscriptions to the International Monetary Fund and Bank and loan to the United Kingdom (see footnote 29), Ry Executive Order No. 10539, dated June 22, 195ii, the President transferred this program frcm the Reconstruction Finance Corporation, effective at the close of business on June 30, 1954, Kffectlve at the close of business June 30, 195^, these disaster loans and other assets and liabilities were transferred from the Reconstruction Finance Ccrporatlon to this Administration, Consists of loans to aid industry and loans to aid hone owners. Figures representing each of the two amounts are not available at this time, Represents revolving fund, defense materials procurement activities, Less than $50,000. April [955 77 .CUMULATIVE TABLE OF COMTENTS. May 1954 through April 1955 I . Treasury Bulletin 78 .CIKULAnVE TABLE OF CONTENTS. May 1954 through April 1S66 - (Continued Issue and page mnber 195l» May July Aug. Sept. 1955 Oct. Dec. Jan. Feb. Treasury savings notes: CuBulatlTo salos and redemptions bj serlee Sales and redemptions by periods, all series cooblnod. Ownership of Federal securities 26 26 25 25 25 25 30 30 25 25 25 25 26 26 25 25 25 25 27 26 26 31 26 26 27 26 26 27 28 26 27 26 27 31 26 32 27 26 27 27 28 26 27 26 27 26 27 29 28 28 33 28 28 29 28 28 28 25 25 : Distribution by classes of Inrestore and types of Issues Net market purchsses or sales for Inrestanent accounts handled by •.••.. ....• the Treasury • Estimated ownership 32 26 Treasury survey of ownership of Federal securities; Ownership by banks, Insurance coopaales, and others Ownership by commercial bcuiks classified by membership In Federal Beserre System (latest date December 31, 19^)*- •••••••......... 32 32 Market q uotatlone: Knd-of-aonth closing quotatlcDs on Treasury securities by issues*. Chart - Yields of Treasury securities 33 35 32 3* 32 3"> 37 39 36 38 32 31. 33 35 3") 36 37 35 36 35 36 1)1 39 irt) 35 36 36 37 35 36 35 36 38 39 uo 37 38 39 37 38 39 1)2 1.1 U3 Us 37 38 36 39 37 38 37 38 1.3 39 uo 39 39 1»2 Ul "tl H2 U2 U3 U2 "'3 Its 1.6 1)5 1.1 1)2 Ul 1.1 1)7 1)5 U7 1)6 1)2 1.6 1)2 1.8 1.6 1)8 1.7 1)3 •3 W. U2 U2 1.8 1)6 U2 ks 1)3 "»7 "•3 1.9 ue U) 1)5 U9 50 1.8 1.9 1)5 50 50 51 1.6 51 1)7 52 38 32 36 38 Average yields of long-term bonds: Average yields of Treasury and corporate bonds by periods. Chart - Average yields of Treasaiy and corporate bonds,,,. Hi 39 1.2 1.0 Internal revenue collections: Susnary by principal sources Chart - Internal revenue collections by principal sources. Detail of collections by type of tax 1)1 1.2 Monetary statistics: Money in circulation Monetary stocks of gold and silver Gold assets and liabilities of the Treasury Conponents of silver monetary stock Seigniorage on silver Increment from reduction in weight of gold dollar (latest date December 31, 19^) U 1)3 U7 Exchange Stabilization Fund (latest date September JO, igglt) Balance sheet Income and expense. 1)6 1.7 Capital movemente betwee n the United States and foreign countries: Sumnary by periods since 1935 Strnmary by countries and periods .•...•.•.•...•.•.... Short-term banking llabllltlee to foreigners, latest month Short-term banking claims on foreigners, latest month Purchases and sales of long-tena securities by foreigners, latest month Short-tens liabilities and claime reported by nonflnanclal concema Long-term liabilities and claims reported by banks and bankers..... Estimated gold and short-term dollar resources of foreign countries and International Institutions.. Foreign credit and debit balances in brokerage accounts.. Short-term llablUties, coiAtries and areas not regularly reported. H8 51 l>8 1)6 1)6 1)8 53 55 50 50 52 1)8 52 59 52 53 U9 51 55 56 5") 57 58 55 51) 60 56 57 60 56 55 56 61 58 59 1.6 1.6 1.8 1.8 56 52 53 52 53 60 61 5') 5I) 62 57 58 60 61 50 52 56 57 58 55 55 '59 51. '59 55 60 61 Corporations and certain other business-type actlvltl ee: Balance sheets end loana by type (latest date December 31, 19^). Inoooe and expense (latest date Jme 30, 19^) Source and application of fiside (latest data Jiaia 30* 19^) 57 61 69 58 66 GPO 340075 n i "* V**' Treas. HJ 10 .A2 1955 C.2 U.S. Treasury Dept. Treasury Bulletin *lllllM I i