Full text of Treasury Bulletin : April 1955
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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
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i
"* V**'
Treas.
HJ
10
.A2
1955
C.2
U.S. Treasury Dept.
Treasury Bulletin
*lllllM
I
i
@FedFRASER