Full text of Treasury Bulletin : April 1956
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I
LIBRARY
ROOM 5030
JUN 2
3 1972
TREASURY DEPARTMENT
»
I
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
mEASUMY:
MUILILETm
APRIL- 1356
UNITED STATES TRERSURV DEPRRTMENT
OFFICE OF
THE SECRETBRV
April
mh
Table of Contents
Page
A-1
Treasury financing operations
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
5
Cash Income and outgo
9
Debt outstanding and Treasurer'
s
account
15
Statutory debt limitation
19
Debt operations
20
United States savings bonds
28
Treasury savings notes
32
Ownership of Federal securities
33
Treasury survey of ownership of Federal securities..
35
Market quotations on Treasury securities
39
Average yields of long-term bonds
^2
Internal revenue collections
4-4-
Monetary statistics
4-7
Capital movements
51
Corporations and certain other business-type
activities - balance sheets
63
Cumulative table of contents
83
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
The Treasury Bulletin la for sale by the
Superintendent of Dooumente,
U. 3. Governnent Printing Office, Washington 25, D. C.
Subscription per year $5.25 domestic, $5*25 foreign.
Single copy price varies.
A-l
April 1956
Treasury Financing Operatibns
91 -Day Bills Refunded
Five Issues of 91-day Treasury bills refunded the weekly
March maturities in full amount of 5S.0 billion.
Each new Issue
amounted to $1.6 billion, the equivalent of the maturing Issues.
The average rates of discount on the March Issues were 2.4-09 percent
for March
2.1+22
Note:
1;
2.173 percent for March
S;
2.37I1 percent for
March I5;
percent for March 22; and 2.173 percent for March 29.
Details of Treasury market financing operations are shown else\rtiere
In
this issue of the "Treasury Bulletin," in the tables on "Offerings" and
"Disposition," respectively, of marketable
lss\;ies
of bonds, notes,
certificates of indebtedness, and in the table "Offerings
Bills."
of
and
Treasury
:
Apvii
.
-
,
mh
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In nlLIionfl of dollars)
Net of
Bt^et receipts and expenditures trust
account
Surplus, and other
ExpendNet
trans
or
itures
receipts
actions
deficit
2/
1/
(-)
Ret
Clearing
account,
etc.
y
zJU
2/
LaTels, end of period
Ret
Increase
Increase In
in
Treasurer's
public
Treasurer's
account
debt, or
Public
balance, or aoeomt
decrease
balance
debt
decrease ( -)
Debt outstanding
Guaranteed
aecurltles
(-)
Total
Federal
securities
Subject to
limitation
5/
Fiscal years:
98,1*16
-53,91*1
791
57,679
i»,529
60,1*1*8
-20,676
-521*
10,71.0
-10,1.60
19^7
1A,U75
39,771
39,786
ipliS
1.1,1*88
19'»9
37,696
1950
1951
1952
36,1*95
1*7.568
33,069
39,507
39,617
1*1*, 058
igit?
VM
61,391
39,032
65,1*08
751*
-1,103
555
-11,136
-10,930
8,1*19
-291*
-5,991.
-1,811
-3,122
3,510
-U,017
-1*95
-507
366
1,621.
-1,1.62
14,238
3,308
258.682
269,422
258,286
433
476
90
259,115
269,898
258,376
268,671
268,932
252,292
252.770
257.357
255.222
259,105
73
252,366
252,798
257,377
255,251
259,151
251,542
252,028
256,652
254,567
258.507
266,123
271,341
274,418
265,522
270,790
273,915
274,377
273,884
n.a.
n.a.
21.
,698
99
679
1.83
i.,587
-211*
11*7
-401
-2,135
3,883
1,839
-388
4,932
3,470
5,517
7,357
6,969
-C,299
2,096
-551
4,670
6,766
6.216
266,071
271,260
274,371*
81
44
-7l>
-ei6
6,000
6,000
274,300
273,800
77
84
3,767
-22,502
26,003
3,502
3.097
278,115
259,149
256.900
567
339
81
4,208
4,679
4,232
4,295
6,064
252,800
257.130
256,708
259,419
267,391
1.78
2,01.7
1953 6/
195^
1955
6i.,8e5
7U,27l*
-9,1*9
1*35
-250
61*,655
67,772
-3,U7
-303
60,390
61*,570
-l.,l8o
328
231
281.
6,966
5,189
3,115
1956 (Est.)....
1957 (Eet.)....
61.,500
61*,270
230
-338
66,300
65,865
1*35
Ul
-35
23
-500
19^5
1*3,678
87,271
-1.3,591*
191*6
38,568
1*1,080
-2,512
1*0,389
37,955
2,1*31*
362
-eho
-18,966
19^7
-123
-1,386
-350
-2,21.9
-1.05
19l»6
1*0,861*
35,623
5,21*1
199
1,111
19't9
37,511*
1*1,106
-3,592
231.
-l.,100
l.,331
27
20
29
46
52
257,1*91
Calendar years
1953
1951*
6/
1955
HonthB; 6/
1951* -July
Aueiist...,
311
815
87
-3,358
-1*1
-106
-319
2,711
-5,81.2
7,973
-9,157
-3,683
-2,771
101
739
-259
-209
-3U
376
7,777
3,582
2,019
-1,U88
603
-635
4,577
5.180
275.168
278.750
280.769
76
4.51*5
-2,000
-2,620
-68
-169
-2,51*2
4.224
270.98I*
301.
-97
-222
-276
6,731
5,019
3,971
-121
21
-11.5
1,233
-313
5.1*57
5.11*5
274,955
274,810
21
27
29
1*,857
3,81.2
-2,218
358
-311
391
100
lOU
-209
U25
3,91*2
1,518
101
61*1
-103
-2,121.
6.663
7.304
5.180
278,752
278,853
278,750
34
34
34
-186
-1*51
36
-l*,13l*
278,439
278.182
274,048
2,601
4.728
5.411
5.151
6.401
5,880
6,216
24
351*
-311
-257
276,649
277.472
274.374
37
595
-1,058
-378
6,811
277,584
278,309
277.476
42
5,753
5,376
-62
-195
5.314
5.119
4.545
3.252
4,756
279,818
280.136
280.769
280.049
280,108
1*8
63,81*1
72,997
61,171
63,358
6U,85l*
2,827
3,911
l*,a27
66,129
-1*22
September.
1*,951
October, .
Noramber,.
December..
2,639
6,288
-2,51*^
1955-January,.,
1*,655
5,1*27
9,71*1
l.,9l.2
-287
596
5,891*
3,81.6
332
-11
-7
3,732
5,228
5,356
6,753
-1,1.96
-161.
309
-919
3,372
-1*3
-381*
821.
-69
131
-3,098
5,382
6,225
-2,617
-23I*
237
l*,73l*
-1,1*91
-71*
3,210
725
-1*0
-833
1*73
2,31*1
-36
-UlA
319
632
-720
60
Ffebruaiy.,
Ilarcb ....
April....
May
Jine . . . . •
I., 1*38
10,125
l.,831
July
AuguBt...
September
2,765
5,1*98
5,31*0
158
October.
NoTomber.
December.
1956 -January..
February.
2,692
5,355
5,172
5,651
-2,663
-510
-761
-217
337
-213
33
-1
5,271*
l*,950
-590
-162
1,21*5
127
l*,662
It, 889
U,681*
6,195
55
30
24
-IA7
62
i,Tro
37,728
56,337
70,682
1*,201
3,71*2
1.71
-1.23
6U,81.0
37,305
52,979
1950
1951
1952
-229
-502
1.7,1.81.
179
73
68E
.G60
1,250
-522
336
-571*
-1,293
1,501*
42
54
31*
53
27
33
43
44
43
48
53
53
53
58
278,6821/
259,487
256,981
286,559
258,554
256,127
252,854
257,160
256,731
259,461
267,445
252,057
256.413
256,026
258.794
266,821
275,244
278,784
280,822
274,671
278,256
280,348
271,005
Treasury Bulletii
-BUIGET RECEIPTS AMD EXPENDITUEES
Table !•- Receipts by Principal Sources
(In mllllona of dollars)
Internal revenue l/
Employment taxee
Income and profits taxes
Flecttl year
or nonth
Individual
Corporation
Rot
withhold
2/
Total
Withheld
2/
2/i/
Income
and
proflte
For
old-age
Ineurance
3/!t/
I9W.
19,735
U,'»36
31,171
191*9.
19,6'tl
9,81*2
29,1*82
1950.
1951.
1952.
18,189
alt, 218
10,073
13,535
18,521
28,263
37,753
8/
33,012
10,7'»7
21,523
18,265
10,396
21,351
21,635
5^,363
53,906
U,086
21,251*
1'9,915
5, 31*0
32,826
51,31*7
1,616
1,690
2,106
3,120
3,569
For railroad retirement
5/
For unemployment
Insurance
6/
E^lse
Total
employment x/
taxee
2/
Estate
and gift
taxes 2/
208
2,381
8,301
56I*
223
226
2,1*77
8,31*8
2,883
3,931
8,303
231*
259
i*,562
9,726
620
603
600
277
285
280
U,983
5,1*25
10,011*
91*5
6,220
9.211
936
625
660
320
290
7,1*20
9,891.
15
85
2
16
1
9,887
796
867
881
6,696
9,1*23
Hev reporting beale:
1953.
195lt.
1955.
U,055
22,500
53,855
11,718
277
23,1*00
55,1*18
51*7
881.
1,708
328
1,100
115
1,685
3,001*
3,1*1*7
1,601*
l*,389
392
178
1,011*
1,581*
293
1,1*9
91*
3,037
1,768
3,1*25
350
3,567
6,U75
6,635
198
912
519
268
692
339
U2lt
2,152
939
3,732 10/
3,515
163
1*,987
61*6
26,622
3,736
1956 (BBt.)....
1957 (Bet.)....
1955-IuXy
August. . ..
September.
20,300
20,300
October. .
November .
December..
1956 -January.,
February..
1956 to date.
'*,537
1.60
•,993
,
79510/
5,61*6
15,983
17
85
21*1
7,585
216
1,012
579
290
791
395
212
972
1*20
3U
1*,1.67
60
18
85
55
iO/
1*
11*
1
32
oi-hervlae
classified
2/
557
550
578
735
Taxes not
10,825
821
921
766
799
81*6
61*3
'
,
April 1956
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Major Functions
(In mllllona of dollara)
Fiscal
yetti-
or mcnth
WW
19l»9
1050
1951
1952
,
New reporting basis:
Major
national
security
IntematlcDal
affaire and
finaxu:e
Veterans
Berrlcea and
benefits
Labor
and
welfare
j^grlculture
anl
agricultural
reoources
195l»
1955
1956 (Est.)
1957 (Eat.)
,
,
1955-July
Au/^uat
,
September
,
. .
1956-Januflry
43,9713
6,654
6,726
6,646
5,342
4,863
1,322
1,563
1,963
2,065
2, 168
575
2,512
2,783
650
1,045
74,274
67,772
64,570
50,303
46,904
40,626
2,216
1,732
2, 181
4,298
4,256
4,457
2,4a6
2,485
2,552
2,936
2,557
4,4U
1,364
1,220
1,081
64,270 2/
65,865 2/
39,1^7
40,370
2,053
2,108
,793
,879
2,767
2,995
3,376
3,364
1,045
1,031
55
95
59
361
428
353
294
223
191
336
919
295
79
106
120
152
15k
124
359
423
4o6
283
185
171
362
323
539
103
115
90
83
Be
11,771
12,907
13,009
22,444
65,1*08
5,382
6,225
5,340
3,046 2/
3,583
3,512
5,355
5,172
5,651
3,293
3,109
5,27'>
3,'*51
3,005
3,214
245
4,950
401
398
297
181
340
214
1956 to date.
43,350
26,213
1,030
3,129
l,8e6
3,328
1948
1949
1950
1951
end
housing
1,406
2,044
2,133
General
goTemsient
On public
debt 4/
On refunda
of receipts
2,722
1,276
1,076
1,166
1,330
1,464
5,248
5,445
5,817
5,714
5,934
5,166
5,352
5,720
5,615
5,853
93
93
76
1954
1955
2,612
909
1,622
1,474
1,239
1,201
6,583
6,470
6,436
6,504
6,382
6,370
75
83
62
1956 (Est.)
1957 (Est.)
2,l8e
2,071
,bU
6,875
7,066
6,600
7,000
09
60
251
2S9
365
117
lU
596
525
533
592
522
529
3
165
October
November
December
11*5
192
156
109
122
116
546
548
598
54e
542
595
5
6
1956-JanuBr7
February
168
51
104
110
631
556
625
553
6
,
1952
l.lltS
1,264
2,338
778
57
87
On uninvested
trust fuuis
dally Treasury
otatement basis
-338
+272
+341 2/
-705
-857
1/
1953
1955^uly
1956 to date.
638
908
1,065
Ad.lustanent to
CcDnnerce
Fiscal year or month
August
September
i-esourcea
4,566
6,053
4,674
3,736
2,826
33,069
39,507
39,617
44,058
February
Hew reporting basis:
Natural
1/
1953
October
NOTomber
December
Total
,
1,356
,757
1,155
4,536
Source: Fiscal year figures by functions are from the 1957 Budget docunent,
released January I6, I956, Including effects of proposed legislation;
totelB for yeaitj prior to 1953 are frcn the old daily Treasury statement;
beginning with 1953, they are frcro the Treasury's "Monthly Statement of
Becelpte and Erpendlturee of the United L;tates Govenment," Figures by
aootha are based on the monthly statement. Transactions by public
eiit«rprise funds are Included an a net expenditure basis throughout.
B«t Investxiient in iJhlted States securities is Included in expenditures
by functions throi^ 1949 and in the total through 1950,
1/ As announced February 17, 1954; see page 1, footnote 6,
4,500
2/
jy
4/
^
4
4
3
3
32
Totals include reserves for contingencies amounting to $100 million
in 1956 and $225 million in 1957.
Beginning July 1955 figures by months include undistributed foreign
transactions by Air Force and Array.
Erfectlve June 30, 1955, interest on the public debt is reported on
an acci-uftl basis.
Differs frcm flgui-e In Budget dociBient because total insludes net
Investment in tlilted states securities by wholly owned Government
enterprises (see source note).
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES.
Table 3.
Expenditures for Major National Security
(In mininna of dollars)
Fiscal year or nonth
.
kpril
.
-
;
1956
.TRUST ACCOUNT AMD OTHER TRAHSACTIOHS
Table 1.- Summary of Trust Account and Other Transactions
(In mllllone of dollars)
Met receipts » or
•xpeDdlturee (-),
from trust account
anl other transactions
Fiscal year
or BODtb
Trust and deposit fxmd accounts
1*8
Expenditures
BecelptB
3,857
-J.95
2,658
1,890
6,515 2/
19'»9
5,71'i
3,82l»
1950
1951
1952
99
679
-e8l
3,852
3,855
6,669
7,796
8,807
6,950
3,9^5
4,952
3,760
2,386
992 kj
8,929
9,155
9,536
5,169
6,769
8,5^5 i/
Bew reporting baeis:
Wet eale, or InTeetsnent
( by Government
)
a^eocles In public debt
securitiea 1/
,
Bet receipts, or
expenditures (-)
Rat sale, or redaction
(-), of eacurltiea of
GoTormant aganclee in %b»
u-ket 1/
-3,060
107
-2,3U
2/
-7't
itoe
-22
-3,557
-3,636
38l»
-72
i/
1953
lt35
195l»
328
231
1955
1956 (Est.)
1957 (Est.)
-338
1955^uly
-£3lt
2,059
1,691
-7
775
111
-25
-3,301
A
-2,05lt
-1,362 4/ 5/
602 kJ
UL,620
11,890
9,561
10,200
-2,607
-1,891
211
7U5
i,5oe
721
752
727
-251*
27
-99't
688
319
1
-16
2lt2
September
-217
337
October. •.•.....•..
November. ...........
December. ...•.•....•
-213
33
-1
-39"*
900
668
236
-378
-55
l,lll2
178
81»1
663
-11.6
-33
-1)52
-533
371
1,009
90lt
373
-140
128
Augujst
195£Vanuar7
February
33
127
505
139
870
Source: Actual figures throu^ 1952 are firm the old dadly Treasury statement; actual figures on the now reporting basis are fran the "Mcnthly
Statement of Receipts and JXpendituree of the till ted States Govemnent"
estljnatea are based on the 1957 Budget docimerrt, released January 16,
1956, Including effects of proposed legislation.
1/ Prior to 1951 net Inrestznent in public debt eecuritlee by certain trust
accounts and by deposit fund accoxnts is included in trust and deposit
fund accomt expenditures and excluded frtn net InreslZQent by Govermisntagencies (See Tables 3 ani 4); for treatment of security transactions of
Governnent-eponsored enterprises beginning 1955, aee footnote 4.
Excludes Foreign Econonic Cooperation Trust Fund (see page l]
As annouaced February 17, 195^; see page 1, footnote 6.
Uider a revised classification in the wi/imt.hly statement, effective
-61.
-2
security transactione of Goreznmant-GponBored
enterprises are Included In deposit fund account expenditures
(not) and excluded frcta not investaaent by Goremnent agencies In
pxibllc debt Becurltles (see Table U) and frcm net redemption or
sale of obligations of Govemoent agencies in the market (see
Table 5). Figures proTlously published for the flBcal year 1955
have been revised to the nev classification basis. The 1957
Budget dociment includes vlth net InveslSDent In public debt
securities by (kTvenment -sponsored enterprises hp^* i? amounts of
net Investmant by other deposit fund accounts vhlch are classified
as quasi -governmental,
Gxiaranteed securities Included beginning 1955 (see Table U).
Juljr 1, 19^^y the
:
^
Table 2.- Trust Account Receipts
(In ml 111 one of dollars)
Federal Old-i^ge
and SurvivoiB
Insurance Trust
Fund
Fiscal year
or Bonth
1948
1949
1950
1951
1952
Railroad
Betirement
Account
TAieBq>loyaent
Trust FuQd
Natlcnal Service
Life Insurance
Fund
Government
Govenment
Ufe
employees *
retirement
funds 1/
Insimtmce
Fui^
Other trust
funds and
accounts
2/
6,515 2/
5,714
6,669
7,796
8,807
1,807
1,924
2,367
3,411
3,932
797
625
645
678
850
1,313
1,173
1,281
1,542
1,643
740
690
1,076
684
786
90
92
87
86
87
8,929
9,155
9,536
.,516
5,080
5,586
742
737
700
1,594
1,492
1,425
637
619
590
78
78
961
691
708
401
457
449
11,620
11,890
7,097
7,336
730
770
1,609
1,610
645
602
76
73
1,007
1,067
457
432
1955-July
Ai^ust .............
September. .........
745
1,500
721
225
925
16
140
302
276
56
38
534
12
33
93
36
3
60
43
33
October. ...........
November. ......•••.
December. .......•••
505
1,142
841
306
709
541
18
85
55
56
35
221
108
3lt
2
2
2
48
50
48
39
Ul
371
1,009
187
665
18
86
42
40
38
3
54
3
33
26
26
Hey reporting baaie:
1,174 a/
529
403
545
597
4/
1953
1954
1955
1956 (Est.)
1957 (Ifet.)
1956-J8nuar7
February
594
680
809
850
912
85
Source: See Table 1.
Consists of Civil Service and Foreign Service retirement funds.
Includes Adjusted Service Certificate Fund, District of Colunbla,
Indian tribal fxzids, increment resulting fran redxKtion in the weight
of the gold dollar, and through 1950 seigniorage cm silver under the
Silver Purchase Act of 1934, Thereafter any such seigniorage is
Included with other seigniorage under budget receipts. Beginning
157
57
^J
34
79
3
2
52
52
with the fiscal year 1954, the Railroad Ubemploynent Insurance Administration Fund is classified as a trust account. Instead of being
handled through budget accounts as formerly (see "Budget Beceipts and
Expenditures," Table 1, footnote U).
Excludes Foreign Econcmlc Cooperation Trust Fund (see pege 1).
As annotated February 17, 1954; see page 1, footnote 6,
Treasury Balleti,
.TRDST Accoinrr ahd othsr trahsactiovs
.
Table 3.- Trust and Deposit Fund Account Expenditures
(Xn
llllcoa of dollars; negatlre fignree ar« exoeBS of credits)
Truat accounts
n«cal jaor
Total
or Bonth
i/
Federal OM-Jtee
Total
and SuTTlTora
tmat
Inauranoe Truat
acoouata 2/
Fund
Ballroad
Betireasnt
Account
UnemployDent
Truat
Fund
70
61
21*1*
3lt8
2,988
111*
61I1
77
82
268
271
300
302
5,698
7,327
2,750
1.65
1,010
3,lt05
8,51*5
8,1.89
502
585
1,71*5
l»,l.e7
1,965
588
623
538
9,561
10,200
9,326
10,389
5,530
6,250
613
650
1,^39
1,603
720
September
688
7oe
U35
U39
k38
56
AuglJSt
752
727
October
900
668
663
75lt
510
691
1*1»9
723
IA7
90lt
793
870
886
UU8
•55
3,8ei»
Hey reportliig baalB
1956 (Est.)
1957 (Jtot.)
3,U10
3,9lt5
,952
5,298
6/
5,l£9
6,769
It
1955-Julr
Noreaiber. .....
]>Bceai]ber......
19^-jK»aa7
February
559
661
3, ''90
6,85>t
lt,139
6,950
1953
195^
1955
,
5/
781*
711t
859
996
82
Othar tn»t
•ooountB
8/
employ eee *
retirement
funia 1/
1,31't
1,569
2,067
3,857
191^
1950
1951
1952
life
Inaurance
2,026
900
1,0*9
222
278
30U
321
391
I9I18
Oorennent
Xatlonal
Serrloo Life
Inauranoe
Fund
y
1,231*
526 5/
370
387
222
1*13
11*7
363
i*n
81*
1*30
U95
399
521
506
86
1*90
61*7
88
551*
739
91*
39
100
86
1*3
36
37
39
1*9
U8
•8
10
6
5
50
50
75
76
103
hz
6
6
6
38
33
1*2
28
1*1*
153
152
1*2
U3
35
50
1*5
1*3
133
50
50
50
U*
1*0
38
1*1*1
1*2
1*2
Deposit futd acoounta (net)
GoreTment-aponsored enterprlaes
Fiscal year
or month
Total deposit
fund accounta
1/
19h8
367
inu
191*9
1950
1951
96
-191*
-3U6
1952
new reporting haala;
a/
1955
-529
-558
57 32/
1956 (Eat.)
1957 (Eat.)
-199
1951*
235
1955^ul7
l£2
-6
-W*
310
-395
Rede^tlcu of Gore:
ogancf obll^tlona In
Other deposit
fund accounta
Other
expend Ituree
the lurket
201*
1*22
I
I
2/
2/
-120
-1*37
2/
J2/
n.s.
n.a.
2/
170
-279
31*0
205
-582
-C50
-«6
«
,..,
32
12
7
-7
-1*9
-U9
,
-11*
1*
-1*0
127
227
-75
-335
-235
1A5
-6
Ronmber. ••••••••••<
•«3
December
-60
-1
-5
1956-Januaj7
February
Inreataent In
pu'bllo debt
eecurltlas
11*0
310
-505
-395
1*9
-120
-1*10
-1*37
-121
56
10/
^
10/
6/
1953
August
September
October
Total 2/
,
,
111
-16
-1*
13
Source: See Table 1.
i/ For security transactions Included In expeodltinree prior to 1951 and
beginning 1955, see footnotes 2, 8, ID, and ys.,
2/ Prior to 1951, Includes net Inreslsiient In public debt sectirltles by
certain accounta (see Table U).
3/ ConslBta of ClTll Service and Fbrelgn Serrtoe retlreoDent funds.
5/ Includes Adjusted Serrloo Certificate Fund, District of Colinbia,
I^idlan tribal ftcds, expenditures chonseable against increment on
gold, accointa relating to operations ucder the Mutual Security Act
and other funds appropriated to the President, and nimierous other
accouita vhich appear in the monthly statement beginning July 1955
groiiped by the agencies adminlsterli^ them.
Also Included are the
Ballroad TlMmployinent Insurance Administration Fund beglnnii^ vlth
the fiscal year I95I* (see Table 2, footnote 2); the Federal Bnplc^ees'
Insuranoe Fund (net) frcn its establishment in Augtet I95I*; and the
secondary mariEet operatioDS of the Federal National Mortgage Assoclatlcn (net) prorlded far by the Housing Act of I95I*, approred
August 2, 1951*.
-17
285
70
109
1*77
-11*1*
11*3
21*
161
119
203
8
19
-18
13
-289
-50
-7
151
-22
-56
115
-30
Bccltdes Foreign Eoonanlc Cooperation Trust Fund (see page 1).
As amounced February 17, I95I*; see page 1, footnote 6,
Prior to 1951, includes net iarestzient in public debt securities by
certain agencies (see footnotes 6 and 10); beginning vlth 1955,
Includes net security transactions of Goremoant-eponsored enterprises (see footnote Z2)
8/ Included in total of deposit fund account ejcpendituree of Gorenxnsntaponaored enterprises.
2/ Szcli^ed from deposit fusd account expenditures and Included with
similar sec\irit7 trensactions of other agencies, shovn in Tables 4
and 5.
10/ Includes net inreslment in public debt securities.
11/ Includes transactions by the Air Force and the Amy beglnnij^ 1952.
12/ For revised classification of security transactions of Gorerraientsponsored enterprises, see Table 1, footnote 1*.
*
Less than $500,000.
n.a, Not orallable.
5/
6/
jj
.
,
19%
April
-TRUST ACCOUNT AND OTHER TRANSACTIONS-
Table 4.- Net Inveetment by Govemment Agencies In Public Debt Securities
(In mllli<xu of dollars; nagatlre fi^ur»a are •zevaa of ««las)
Trvmt aeoomts
Fiscal jMtr
or Booth
Total
tnut
aeoonnts
3,0603/
Hev repartlflg baela:
Amd
Ftnid
Fund
eot
3,301
195**
S,05>t
1955
2, 607
1,891
I955^uly
Insxiranee
461
353
-1,946
32
32
•e6
3,369
3,355
446
-160
-724
650
583
94
-245
3,068
1,688
1,236
1,545
1,522
1,241
280
202
l4l
590
-248
-545
59
23
73
2,516
1,777
1,592
1,039
111
122
177
99U
-319
29
218
50
-66
-9
October...
•e36
Noreoiber.
378
-4a
-7
-6
December.
IW
1956-Januai7...
Fsbrunx7..
-373
140
5
259
976
265
438
-44
45
-33".
-e69
-2
-251
377
1U6
-228
179
136
-29
35
8
161
10
-379
128
-247
-37
40
-llB
7
254
Al^UAt....
September,
8
363
447
543
573
9
1
624
-6
-a
-65
-1
588
252
314
1
14
126
96
-10
-14
503
513
17
17
-6
-7
-5
-2
15
235
7
-6
70
Pobllo entei^ri.. finda
Total
pabllc
Fiscal /ear
or ncotta 6/
federal
Bouflljie
Mlter|trlee
tratlcn
fuoAa
1951
1952
Hev reportlag taala;
Other trofft
accounts 2/
Life
k/
1953
1956 (Est,)....
1957 (BBt,).,..
national
Serrlce Life
XoBuranoe
COT«
Trust
Qienqpl^-
569
346
338
357
449
-we 3/
3,557
3,636
Rallxoad
Betlreaent
Aooonnt
1,194
1,294
1,414
1,678
1,950
S,3U3/
1950,
1951.
1952.
Federal Old-A^e
and SurrlTora
Inaorance Troat
Fund
7edaral Sarlsga
and Loan
Inauraace
Corporation
104
101
52
11
21
7
79
-77
59
-86
9
11
9
14
-4
-3
-5
40
-3
-3
33
-6
25
18
-8
19
6
-5
Q n» iiii—il f<»»iii«(l eotarprlaaa
i
Total
Other
Gcreiuaeiit-
Bponaored
entersa*lsa8
Banks
for
ooopara—
tlTsa
rederal
Deposit
Federal
Insurmoe
Corporation
41
73
84
179
6e
84
21
95
12
153
443
87
102
61
31*
federal
land
InnkB
4/
1953
1954
-2
IB
rw
1955
]e6
1956 (BBt.)
1957 (Est.)
113
66
80
-4
5
1955->TuU
August
..•.,.,
September, ..•
•,
October
NoTember
December .,.•>•
1956-Jaiii;pry
February
91
18
15
15
1
1
7
12
18 8/
170 2/
16
18
8
15
-10
1
2
1
4
95 8/
4
9
12
4
1
2
1
3
-6
-3
-1
4
1
U
2
See Teble 1,
CoDslGtG of ClTll Servioe and Forsl^pi Serrloe retirement fiaids.
Prior to 1951, consistB of Adjusted Serrloe Certificate fund.
Prior to 1951, net InTestznent by onaller trust accounts and by deposit
fxmd accounts ia included in expenditures in Table 3 >
As announced February 17, 1954; see pege 1, footnote 6.
Excludes net inTestment by CkTrenment-sponsored enterprises beginning
with the fiscal year 1955 (see Table 1, footnote 4).
Prior to 1951, net in7eBt3nent by public enterprise funds vas included
Source:
2/
8/
2/
•
-10
98
82
340
205
99
105
231
100
-136
-49
-40
-e
1
-136
-47
-41
127
227
2
2
-17
U
120
221
285
70
68
217
4
56
-28
10
in bud^t expenditures, and net inresteent by Gorenmsnt-sponsored
enterprises vas included in deposit fund expenditures (see Table 3).
Het inveslanent by GoremiiBnt-eponsored enterprlaea beginning 1955 ia
included in deposit fund expenditures In Table 3>
Beginning 1955, figures Include net transactions in guaranteed securities by Federal Hoiking Administration and Federal Naticoal Mortgage
Aasooiatlon.
For difference fran Budget figure, see Table 1, footnote 4.
Less than $500,000.
Treasury BuUeti
.TRUST ACCOUHT AHD OTHKR TRANSACTIOHS-
Table 5.- Net Redemption or Sale of Obligations of
Government Agencies In the Market
(In allllons of dollars; negative figurea Indicate net aalas)
Seourltlee guaranteed
Ijy
the Oblted States
Public enterprise funds
PlBcal 7«ea- or aontb
Total
guaranteed
-107
19^8
19*9
1950
1951
1952
71.
22
-381.
72
New reporting basis:
25
1953
1956 (Bat.)
1957 (Est.)
1955-Ju:j
August,
September..
FebruA3r7
-1
Federal
Housing
Administration
11
Ik
-3
-12
-16
37
-7
-30
37
-eii
-33
-33
-21(2
-7
-8
-27
-1
16
3
-e
3
-2
U
-6oe 2/
1955
1956 -Januai7
-10
-16
3
31
9
1
Federal
Farm
Mortgage
Corporation
1/
195l»
October
Norember
December.
16
k6
8
Comnodlty
Credit
Corporation
-7
-29
-1*
55
,
•,
,
a
33
2
-128
-5
-5
Home
Owners*
Loan
Corporation
April
mo
.CASE INCOME AND OOTGO.
The cash Income and outgo data appearing In the
"Treasury Bulletin" have been revised, beginning with the
February I956 Issue, to a basis consistent with receipts
from and payments to the public as derived In the I957
Budget of the United States, Special Analysis A. Reconciliation to cash deposits and withdrawals In the account
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.
It excludes changes in the public debt which do not rep-
of the Treasurer of the United States Is shown on the
same basis as In the Budget document. There Is also shown
the amount of net cash borrowing from, or repayment of
resent direct cash borrowing from the public. The net
effect of all these transactions with the public is
reflected in changes in the balance in the Treasurer's
borrowing to, the public. By these arrangements, data In
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
account and in cash held outside the Treasury.
revised where necessary in order to make them as nearly
similar in general concept to those Included in the Budget
comparable with the 1957
Budget classifications as
For this reason certain of
the figures differ somewhat from those published In
earlier Budget documents as well as In the Bulletin.
series,
available data will permit.
affect the balance in that account. On the other hand,
they include receipts from the exercise of monetary
Cash transactions through the Treasurer's account are
but are limited in coverage to transactions which
authority,
vrtiich
are excluded from receipts from the public
in the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
Includes transactions not cleared through the Treasurer's
Receipts and payments Include transactions both
account.
In budget accounts and In trust and deposit fund accounts.
Operations of Oovemment-sponsored enterprises are included
In payments on a net basle as reflected In Treasury reports.
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
Beginning with figures for the fiscal year 1953, the
series of transactions with the public is based on the
"Monthly Statement of Receipts and Expenditures of the
United States Government," which is compiled from reports
by all collecting and disbursing officers and includes
those transactions not cleared through the Treasurer's
account.
Cash deposits and withdrawals in the Treasurer's
account, beginning with the figures for the same year, are
reported in dally Treasury statements.
For those years
Government to make payments In the future are also eliminated
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
from expenditures but are added later when actual payments
are made. Receipts from the exercise of monetary authority
budget results,
(mostly seigniorage on silver)
are
excluded
as
not
statements which reported separate classifications for
trust account transactions, etc.
,
Treasury Bulletin
10
CASH INCOME AND GUSGO
Table !•- Sunmary of Federal Govemnent Cash Transactions with the Public
{in ml T
n
ftTiH
of doUare)
Net caab traasactlcoe vltb the public
other than borroiflng
Fiscal Taar or mcoth
Federal recelpta frcD
the piihUc
PWlaral paynenta to the
public
Ezceea of
recelpta, or
paymente (-)
191.8
•5,357
36, '•93
8,861.
19''9
"•1,576
U0,9l.0
l«),570
53,390
68,013
'•5,797
67,961.
1,006
-2,207
7,593
1953
71, '•99
195'^
71,627
67,836
76,773
71,860
1950
1951
1952
Hev reporting baelBl
1956 (Eat.)
1957 (Eat.)
1955-JuU
Auguat
September
..*.•
1956-Jan\iai7
Februar;
1956 to date.
repaTneiit (-)
-7,278
-2,513
U,229
-5,796
-505
1.9
PluB : Recelpte froa
ezerclee of
mooetary
authority
Btuala;
Change In caab balancee
Treaaurer's account Caah held outaide
baljance. Increase
Treaeuzy, Increaa^
or decrease (-)
or decrease (-)
37
1,621.
1.6
-1,'.62
25
2,01.7
•3
1,839
-388
68
l/
1955
October
RoTomber. •
Decenber
'•3,1'^7
PluBt Net caab
borrowing frcn
the public, or
70,5'^8
-232
-2,732
2,919
2,512
1,819
73, '•73
71,01.9
2,1.21.
-2,6i.9
75,35'^
72,920
2, US'.
-2,1.61
3,113
6,076
6,1A1
5,562
6,910
-2,^.1.9
3,001.
-83^t
-130
6,117
25
3,0IA
5,7^1
5,292
5,819
5.800
6,218
l.,96U
5,570
5,679
7,1'K)
1.1,501
•7,673
-2,299
2,096
-551
-312
27
27
-216
17
-1.51.
2
1
1
595
-1,058
-378
-38
95
-50
-2,775
-59
-936
2,717
2
-15k
1
1
-62
-195
6
-17
-eo
-606
1
-1,293
1,1.62
-717
25
2
1,501.
-29
-16
-6,172
•,631
12
-1,1.60
-69
-5,27'.
Source: Actual figures through 1952 are baeed on the eld dally Troaaury
statement; actual figures on the new reporting baals are baaed on
the 'Mcottllj Stateoent of Becelpte and Bcpendltnrea of the United States
Gcrenment" and the uanr dally Treaaxzr? etateosent; eetlnatea are baaed on
Table 2.
3ltO
i/
56
73
29
-57'^
257
the 1957 Budget docxanent, releaaed January 16, I956, Including effecta
of proposed leglalatlon.
fls announced February 17, I95I.; eee page 1, footnote 6.
Summary of Cash Transactions through the Account of the Treasurer
of the United States
•
.
.
.
11
April i976
CASH INCOME AND OXTTGO
.
from the Public, and Reconciliation to
Table 3.- Derivation of Federal Government Receipts
States
Cash DepoeltB In the Account of the Treasurer of the United
(In BllUoae of doUals)
Lssa:
Bscelpte
nsoal year
Bufl«et
Trust
or month
(nst)
accoisit
i/
2/
liitrogoremmental
Total
traDBactloDfl
(See Table 5)
SsduoticDS
Excess
profits
tax refund
bond redeotptloDB
i/
19W
Ul,l.a8
6,515
U8,003
19l»9
37,696
36,U95
5,71'»
t3,'tlO
6,669
7,796
8,807
U3,l6U
55,364
70,198
8,929
9,155
9,536
73,754
1950
1951
1952
1.7,568
61,391
Hev reporting bftsle:
4
1
1
1
Beconcillaticn to cash trans*
actions In l^asnrer'e account
reoeipta
Receipts
from
exercise of
mooetaiy
authority
i/
Binftls:
37
46
25
43
68
federal
receipts
Total defrat the
dwtlons
public
2,646 5/
Plus : Bscelpts
frm exercise
of monetary
authority 4/
2,224
1,974
2,185
71,499
71,627
67,836
56
-eio
73
U4
29
-96
43
68
69,926
29
2,255
2,183
2,090
76,120
78,190
2,621
2,810
27
27
2,648
2,837
73,'»73
11,890
7U5
i,5oe
721
3,510
6,235
6,220
394
158
77
2
1
1
396
159
78
3,113
6,076
6,141
2
1
151
62
2
1
153
63
447
1
448
3,044
5,741
5,282
1
69
90
62
1
2
96
64
4,964
7,140
1
2
-236
1955
1956 (at.)....
1957 (ISt.)....
64,500
66,300
U,620
1955-July
AuguBt....
September.
2,765
U,73U
73,8U
October...
2,692
Komiber.
l»,662
505
i,ite
December.
U,889
eiti
3,197
5,804
5,730
,681*
371
1,009
5,055
7,204
It
6,195
Equals I
Cash
deposits
in the
Treasurer')
account
45,394
41,622
40,965
53,433
68,081
37
46
25
56
73
6U,655
60,390
1956 -January...
7ebruai7..
net difference
due to reporting method
(See Table 4)
2,199
2,110
2,06l
61.,eE5
19^
5,'*98
MJustasnt for
45,357
41,576
40,940
53,390
68,013
1,83''
6/
1953
Source:
10
2,592
1,784
2,197
1,930
2,116
fra
71,345
71,815
67,769
73,499
75,380
27
27
75,354
1
-121
256
-154
2,994
6,333
5,988
2
1
-176
192
2,869
5,934
5,353
4,729
7,089
-53
I^iotnotes follcw Table 7.
See Table 1.
the Public, and Reconciliation to
Table 4.- Derivation of Federal Government Payments to
of the United States
Treasurer
the
of
Account
the
Cash Withdrawals from
dollars)
of
mllH"""
(m
Less ; Deductions
froB expendltusns
Expenditures
Fiscal year
or mccith
Trust
and
Budget deposit
fund
1/
acoornt
2/
33,069
39,507
39,617
44,058
65,408
1948
1949
1950
1951
1952
Sev reporting basis!
3,p4
3,892
6,964
3,654
5,317
Intra-
Gorerment-
go\ em-
sponsored
enterprise
mental
treosactions
(net) 1/
(See
Accrued
interest
and other
noncash
expenditures
(See Table 6)
in ths Treasurer's account
Less: Paymante to the public not
reflected in the Treasurer's aocmnt
Fran cash
held outside
the Treasury
Table 5)
222
-341
-83
291
-366
2,592
1,784
2,197
1,930
2,116
-e,o6o
664
1,153
275
79,^3
2,199
2,110
2, 061
472
572
615
70,548
79
170
6/
-119
,
-435 1/
108
155
256
240
74,274
67,772
64,570
1956 (Est.)....
1957 (at.).....
64,270
65,865
9,561
10,200
242
45
7'»,073
76,110
2,621
2,810
404
381
71,049
72,920
1955-July
August...
September.
5,382
6,225
5,3kO
752
727
688
136
168
115
6,269
7,120
6,144
394
158
77
313
52
-50
5,562
6,910
6,117
151
447
493
-14
-335
5,819
5,800
6,218
17
20
84
4
Decasnber..
8
17
6,463
5,848
6,331
-U
5,355
5,172
5,651
208
-6
900
668
663
1956 -January...
Februaiy..
5,274
4,950
904
870
-285
-20
5,893
5,800
90
62
233
60
5,570
5,679
29
16
•IB
10
October. .
UT ember.
It
74,542
73,224
62
-257
312
38
Footnotes follow Table 7.
Source:
See Table 1.
-210
U4
-96
drovals
frcn
the
Troafi-
uror'a
account
76,407
71,974
69,899
71,066
72,920
-17
-95
50
vlth-
36,440
40,462
43,079
45,718
67,794
52
108
68
1953
1954
1955
7,204 1/
8,546
MJualaent
for net
difference
Froo proceeds of sales due to
in the market of agency reporting
obligations end public method (See
debt securities (See
Table 3)
Table 7) 2/
36,493
40,570
43,147
45,797
67,964
37,025
43,018
46,497
48,002
70,359
279
BlualB:
Cash
Becouillatlan to cash transactions
Bjuals:
Federal
psymsnta
to the
public
50
5
9
-121
256
-154
5,352
7,256
5,904
-176
192
69
5,659
5,951
6,264
-236
-53
5,323
5,600
e
...
12
Treasury Bulletin
,
CASH INCOME AND OUTGO.
Table 5.- IntraROvemmental Transactions Excluded from Both Receipts and Payments
(In mlllloQB of dollars)
Budget receipts vbloh are Budget realso "biaiset ezpendltureo ceipts wbloh
are also
Interest paid
tnffit fund
to Ti^asury
Other
expend lt\ires
"by public
2/
enterprise
Fiscal year
or month
Bud^t receipts
^Ich are also
Gorennnent"
sponsored
enterprise
indltures
expen
Interest on
imrestanent in
public debt
securities
finds
19W
765
170
18
20
25
113
32
73
87
102
19'*9
1950
1951
1952
Key reporting basla:
Trust fund receipts
budget expenditures
270
7116
1*0
8Ul
880
892
987
29
l'»7
10
are also
Payroll deductions for
emplc^eee *
retirsnient
Other
5/
Trust fund
receipts irtiich
are also
trust fund
expenditure
6/
Total
it/
236
327
358
378
2,592
366
1,781*
83 u
2,197
1,930
2,116
398
itll
573
2/
1953
llllt
6
59
1,09''
195l>
228
6
68
1,188
1,173
1955
173
7
81
1956 (Est.)....
1957 (Eat.)....
283
376
9
10
lOlt
1955-July
August ....
September.
«
26
October. .
November.
December.
U20
U30
1,204
1,289
99
l»
U
3
1
69
I463
7
1*39
167
166
18
16
555
Wt9
13
55".
1.59
10
2,199
2,110
2,061
2,621
2,810
l«5
3l'l
391*
2
17
5''
60
•3
3
158
77
2
26
15
1956 -January. ..
February..
Source:
Interest
on uninreeted
trust
funds
^Ich
29
1*8
3
3
6
1*9
3
1.8
3
151
62
WiT
3
291
2
3
53
3
90
3
6
32
5
62
Sea Table 1.
Footnotes follow Table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In mllHons of dollars)
Nat accrued
Interest on
ssTlngs bonds
and Treasury
Fiscal year
or skontb
blllB 1/
19kS
Clearing
account for
public debt
Interest 2/
556
581
ig"*?
1950
1951
1952
Hew reporting basis;
-2
-2
638
758
-1
-1
1956 (Est.)....
1957 (at.)....
375
315
September.
October. .,
November .
December..
1956 -January. ..
February .
Source:
Sea Table 1,
Ret Inreslment
in public debt
Special notes of U. S. 6/
Aimed forces
leare bonds
^
Intematlcnal
Bank series
International
Mouetajy Fund
series
securities
Incluled In
e3cpendltures
Clearing
accoimt
for
checks
outstanding,
etc. 8/
Total
-1,221
-350
-25
-563
-98
30
6
-507
366
-e,o6o
-95
-160
-1*1
207
28
1*83
661*
-Sll*
1,153
275
J*01
279
-250
-115
-55
615
55
50
-18
1*01*
21*
381
U6
38
-28
-ite
-17
-62
313
52
-50
-68
13
-9
-8
109
156
-8
-6
2/
718
Augiist ....
Adjusted
serrlce
londs U/
571*
1953
195^
1955
1955-July
Roicasb expendltizres Inrolvlng Issuance
of ptiblic debt securities i/
28
52"*
68
U97
26
69
31
1*1
26
3''1
1*72
572
1*0
158
160
-213
-II*
87
-1*98
31*
-335
5'.
359
-7
5
-209
52
233
60
321
30
11
Footnotas follow Table 7.
1*93
April
m(>
13
CASH INCOME AND OUTCO.
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayiaent of borrowing (-); In mlUlonfi of dollars}
li^
Treasury Bulletin
CASH INCOME AND 0OT3O
.
.
Footnotes to Table 3
I
y
Tor farther detail, see "Budget Receipts aod Expendltto'ee,'* Table 1.
For further detail, see "Trust Acctnnt and Other Transactloos," Table 2,
Treated as ocDcaeh reftsid deductions Tron receipts vben Issued and as
caA reftnd dediutiaDa when redeened,
CoofllBtB of selgnloa'vge en sllrer azid Incrownt resulting frctn rediactlon
in the wel^t of the gold dolXao*; excluded frcB receipts fron the public
but Included In cash deposits In the Treasunr*s account.
Total Includes $8 allHon of amed forces leaTe bonds rodeonod for
insurance promlxmB; after August 3I, 19^*7, these bor^s vere redeemable
for cash (see Tables 6 and 7).
Afl annouDced February 17, 195^; see page
1, footnote 6
Less than $^00,000.
5/
6/
*
'
Footnotes to Table 4
i/
2/
ftrthsr detail, see ''Budget Rsoalpts and Expenditures," Table 2.
farther detail, see "Trust Aocoint azid Other Transactions," Tables 3,
iQcludeQ net change in balances in Gov-enmant-epaosared
enterprise deposit fund accounts with the Treasurer of the tblted States.
Het opeivtlDg ezpendlturee, or receipts (-), as measyred by fiaads prorlded
by or qc^klled to net security transactions reflected In Treasury reports
(see Table 7), To a largo extent, these Goireninent-aponsored enterprises
secure funds far their operations by direct borrowing frao the public or
by cashing federal securities vhlch they hold, and they apply the
net Inccne recalTod frcm operations to repayment of borrowing from the
pid>llc or to lurefftaent In ?federel eecurltlee.
On that basis, not exftar
Fco*
%, and 3.
i/
k/
^
6/
2/
penditures for operations are shown In this table in terms of the
ccmbined net of dislnTestasnt In Federal securities and sale of agency
obligations In the market, and net receipts frco operations are shown
in tents of the cccoblned net of InTeatanent in Foderal securities and
redemptiOQ of agency obligations In the market.
Not reported prior to I95U.
Consists of only those market transactions not cleared through the
Treasurer's accoxnt.
As announced February 17, 19^; see page 1, footziote 6.
See Table 7, footziote 2.
Footnotes to Table 5
1/
2/
^
k/
Fbderal Intezmedlate credit bank franchise tax az^, beginning 19^3 ^
also relMburseBant by Panama Canal Ccn^iany for expenses and serrloeB.
Includes relmbuTBement by Federal OU-Age and Surrlvors Insurance T±*ust
Fund for adMlnlstratlTe expenses and, beginning fiscal year 1953 j al*o
far reftnds of taxes (treated as an offset to refunds rather than being
credited to receipts); relmburBement by the District of Colimbla; and
throng 19^^; proceeds of ship sales which had been carried in trust
acootnts pending allocation to budget receipts from sale of surplus
property.
ConslBts of payment of earnings and repayment of capital stock to the
TreasuzT througb 1952, and beginning 1955, payment of franchise tax
by banks for cooperatives.
Includes relBtirely small amounts of deductions from salaries paid by
trust fmds and Goverument-apcnsored enterprises.
^
6/
jj
*
Cooslsts of Oilted States and GoTenmant corporation shares of
contributions to enployeee* retirement funds, and payments to the
Railroad Betlrement Account (for creditable military serrlce), the
Ubemployment Trust Fund, Toterans' life insurance funds, trust fund
for technical eerrlces and other assistance xmder the agricultural
conservation program, and District of Columbia,
Includes District of Columbia share of contributions to the ClTil
Sex-vice retirement fund, payments by Ballroad Retirement Board to
Federal Old -Age and SurrlTora Insurance Trust Fund, transfers from
Civil Service retirement fund to Foreign Service retirement fund,
and transfers frcm Railroad Tkiemplo^iDent Insurance Administration
Fund to Uhemployment Trust Fund.
As announced February 17, 195^; Boe pege 1, footnote 6,
Lees than $500,000.
Footnotes to Table 6
1/
Accnsd dlBcomt on esringB bcx^s and bills less lnt«rest peld on bb7iDgB bonds and bills redeemed.
2/
Public debt Interest accrued and unpaid beginning jMoe 30, 1955, ef"
fectlTB date of tlie change In accounting and reporting frot a due and
pefable basis to an accrual basis; for 1954, consists ailj of public
debt interest checks and coupons outstanding; not Increase, or decrease (-). Hot reported as a separate clearing account prior to 195U;
19l*9.
Interest reported »*en paid by Treasurer prior to Horeniber
Treated as nixicash eipendltures at the tine of Issuance of the eecurlties and as cash expenditures at the tljno of their redeoBptlon; net
Ineuance, or redeanptlon (-),
iBsoed In 1936 In exchange for adjusted service certificates held by
Teterai» of World War I, The band£ matured In 19U5.
Isausd In 19U7 In payment for accumulated leave. Figure for 19^8
eicliiao $8 milllcn redeemed for Insurance premluoe prior to August 31,
19^7, vhlch was included In trust account receipts (see Table 3,
§J
j/
8/
g/
*
footnote 5); after that date they were redeemable for cash. The last
of these bonds matured In 1951*
Bart of the ttolted States subscription to the capital of the International Bank for Reconstruction and DeTelopnent and to the International Monetary Fund was paid In tiie form of ncnlnterest-bearlng,
ncnnegotlable notes payable an demand (eee 19^7 Annual Eoport of the
Secretary of the Treasury, pages U8, 350, and 385). The last of the
notes Issued to the Bank was redeemed In 1950.
By wholly owned Goremment enterprises; beginning 1951, such net Investments are reported separately and are not Included In expenditure
(see "Trust Account and Other Transactions," Table U).
Checks outstanding less deposits In transit, and telegraphic reports
fton Federal Reserve Banks; Insrease, or decrease (-). For public
debt Interest Included prior to 195^, see footnote 2.
As announced February 17, 195'»; see page 1, footnote 6.
less than $500,000.
Footnotes to Table 7
1/
2/
i/
As anDouncd F»bruBl7 17, WS"*; see page 1, footnote 6.
States securiIn this table, beginning 195l», net Investment In anted
amount by
ties by GOTerMBnt-sponsored enterprises Inclvdos a omall
wlth^the
transactions
net
representing
as
regarded
entBrpnsea
other
Transactlcns,
public. In Table U under "Trust Account and Other
account
inf«id
deposit
and
trust
these Mrtorprlses are Included in
vestment.
,
.
,
In
the
AccrtBd diecomt on sarings bonds and bills, which Is Included
bonds and
irljicipal of the public debt, less interest paid on savings
Mils
:
y
Treated as noncash transactions at the tl»e of issuance and as cash
trensactlcns at the tljae of redaaptlon; net issuance, or redemption
5/
fficcli^ed frcoi
6/
7/
•
borrowing because the transactions are treated as expenditures In Table 6.
Eicl\Aed frcmi borrowing because the transactions are treated as dedustions froB receipts in Table 3.
Market transactions in public debt securities and agency obligations.
Less then $500,000.
,
1
..
,
\Aprii
}
me
15
DEBT OUTSTANDIBG PSD nOSASURER'S ACCOUHT
Table 1.- Smnroary of Federal Securities
(In Blllloiu of lollan)
Total
B[^ of
fiscal
jear or
Iat«raat-kaani« debt
oat«taxidljii0
OuaranTotal 1/
onth
I9W
Pn1>llo
tMd
dabt
aeourltlee 2/
252,366
252,798
257,377
255,251
259,151
252,292
252,770
257,357
255,222
259,105
73
27
20
29
1953
199*
1955
266,123
52
271,31*1
266,071
271,260
27l»,l»l8
27lt,37l»
1*1*
195U-Deceniber.
278,781*
278,750
1955->rulj
277,626
278,352
277,581*
277,52l>
19*9
1950
1951
1952
AugUBt.,.,
September,
Ootober...
noTomber..
December..
1956-Januax7 . .
February .
PnbUc
Total
debt
Matorad dabt and debt baarlng do Intaraat
Onarant««d
eeoorltlea £/ 3/
250,132
250,785
255,226
252,879
256,907
250,063
250,762
255,209
252,852
256,863
69
2V
263,997
268,990
271,785
263,91*6
31*
1*2
278,309
1*3
277,'*76
279,866
280,189
280,822
280,102
280,167
Pabllo dabt
Natorad
Tttad
27
2,23*
2,012
2,150
2,372
lilt
2,21»*
268,910
51
80
2,126
2,351
271,71*1
1*3
2,631.
275,761*
275,731
33
2711,995
27l*,955
1.1
275,753
27U,ge5
275,711
27U,879
1*3
1*8
279,818
280,136
280,769
1*8
277,321*
53
53
277,681
277,851
280,01*9
53
277,221
280,108
58
'277,351
1>6
81
Monatai7
17
y
2,229
2,009
280
2,11.8
265
2,370
2,242
512
1,161
1,063
1,270
1,283
1.19
1,271.
21.5
Othar
tlaa 2/
5/
(atand)
786
701
613
575
550
2,125
2,350
2,633
298
i,3oe
1*37
1,1.11
325
502
589
1,567
1.77
3,020
3,019
1,003
1,528
1.68
2,629
2,598
2,597
51*2
1,613
1,613
1,613
1.71.
1*7
2,630
2,599
2,598
277,277
277,628
277,799
U7
2,51*2
2,51*1
1.68
1.7D
52
52
2,508
2,970
1.35
857
1,61.5
k67
277,170
277,295
51
56
2,509
2,970
2,861
2,816
l,6oe
l,6oe
2,879
735
660
1,675
1,686
1.69
Source: Dally Treasury etatanent.
1/ Inclides certain obllgatlonB not subject to atatutooy limitation.
For amounta subject to llmltatlcD, eee page 1.
Ercludee guaranteed eecurltlee held by the Treaaury.
Conslets of FHA debentures beginning March 1953.
Special notes of the Uhlted States Ifisued to tbe Intematlciial
Monetaiy Fund In psyiuent of part of tbe Qllted States subscription.
5/
2,8ll*
513
511*
1.73
1.71
1*71
1.67
pursuant to proTlBloiie of the Bretton Wooda Agrettmato Act. Tbe ootea
beeir do Intarost, are nonnegotlable, azid are payable oa deoand.
SImIXar notee leaued to the XntematloEial Bank and oixtetaodlng 19^7-19^9
are Included under "Other,"
Includes aarlnge stampe, excese ptrofita tax refund baodB, currency
IteoB, and notee leeued to tbe Intematlccial Bank {a^e footnote k).
For current month detail, see "Statutory Dabt Llmltatlcui," Table 2,
Table 2.- Interest-Bearing Public Debt
(in allLlCDB of dollars
PnbUo lB«n«0
of
fiaoal
year or
oonth
fiid
Mute table
Total
Intereetbearing
pubUo
debt
Total
public
Iseuea
Wiiiiiilalalilii
Trea«iii7 bcsids
Total
19*8
19*9
1950
1951
1952
250,063
250,762
255,209
252,852
256,863
219,852
217,986
222,853
218,198
1953
263,91.6
223,l«3e 1A7,335
1951'
268,910
1955
271,71.1
Bllla
Certificates
Bank
eligible
Bank reatrlcted
Othar
bonda
tr.
2/
boods
8.
sarins
Treaaory
aarlnga
DO tea
13,757
11,536
13,533
13,61*
17,219
22,588
29,*27
18,*18
9,509
28,*23
11,375
3,596
20,*0*
35,806
16,963
62,826
60.789
53,159
*2,772
*8,200
*9,636
*9,636
*9,636
36,061
27,*6o
16*
162
160
156
1*2
67,5**
80,281
78,717
53,27*
56,260
57,536
57,572
57.685
*,39*
*,860
8,*72
7,818
6,612
226,681 150,35*
228,1*91 155,206
19,707
19,515
19,51*
15,85*
18,*05
13,836
30,*25
31,960
*0,729
63,980
71,706
81,057
17,2*5
8,672
12*
96
71
76,073
76,326
73,285
57,886
58,061
58,365
5,706
160,31.6
155,1*7
155,310
137,917
219.121. 1*0,*07
59,506
62,^9
Alwd
farces
leaTe
beads
TreasnZ7
bonds.
Invest-
other
BflOt
3/
Special
Id
serlee
30,2U
959
95*
95*
l*,5e6
1*,0*6
316
369
285
319
373
32,776
32,356
3* ,653
37,739
*,*53
5,079
1,913
13,288
32,775
12,589
U17
*11
*17
*0,538
*2,229
*3,250
563
396
297
*7
195* -Deo...
275,731
233,165 157,832
19,506
28,1.58
28,033
76,01.*
85
75,333
57,672
*,5*8
12,681
*33
'>2,566
1955->Iu3y..
27l.,955
275,711
16,037
9,0*7
9,0*7
*0,7*6
*7,608
*7,707
81,826
81,8**
81,861
50
50
50
73,0*3
72,612
71.513
58,*07
58,*50
58,290
1,655
1,202
399
*10
*10
27l*,879
19,913
20,311
20,810
K,572
Aug...
Sept..
231,615 158,571
231,1*72 158,860
230,988 159,*75
.^73
*3,3*0
**,238
*3,891
Oct...
Hot...
Dec...
277,277
277,628
277,799
233,619 162,5*1*
233,615 162,561
233,873 163,251
20,812
20,812
22,313
12,017
12,017
15,7*1
*7,797
*7,8l7
*3,285
81,868
81,865
81,862
50
50
50
71,076
71,055
70,622
58,261
58,279
57,92*
81
65
12,360
12,3*0
12,300
37*
371
362
*3,657
**,013
*3,9e6
1956-Jan...
Feb...
277,170
277,295
233,581. 163,3*0
22,315
22,315
15,7*1
15,7*1
*3,37*
*3,386
81,860
81,856
50
50
70,2*5
70,257
57,6*9
57,68*
28
12,210
12,198
357
352
*3,585
*3,6a8
233,607 163,350
Source: Daily Treaaury etateonent.
Issues vhlcb canneroial banks (banks accepting dcaaand deposits) vers
not pexmltted to acquire prior to speolfled dates, except that: (1)
concurrently vlth the *th, 5th, and 6th War Loanc and the Victory
Loan, they vara panBitted to subscribe for limited inres^aaiit of
thalr soTlogs deposits; (2) they mi^t tanporarily aequlra suoh
^
^
23
issues through forfeiture of collateral; (3) they algfat hold a
ankouat of avcb iasuas for trading putToees.
Consists of Fanaaa Canal bonds, and also postal sorlnga bonds until
the laat of these bonds matured on July 1, 1955.
CoDslstfi of oepoeitary bonds.
Halted
2/
36
12,550
12,*51
16
Treasury Bulletin
DEBT OUTSTAHDIHC AND TREASUEER'S ACCOUBT
Table 3.- Special Issues to United States Government Investment Accounts
(in alllioDB of dollara)
)
17
April 1956
DKHT OUTSTAHMBG AKD -nffiASUREE'S ACCOUNT
Table 5.
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies i>'
(
KtportCcinmodlty Bnport
Credit
Bank of
Corpora- Woshln^too
tlcn
27
Bid of
fiscal
year or
nontii
9.56I.
W4O
1,669
3,193
2,555
1,970
1955
12,125
12,869
16,175
195U-Dec..
li*,510
igus
,
a9''9
1950
1951
1952
1953
195''
2,789
6,851
8,U23
9,027
Federal
National
Mortga^
Association i/
In ptHV^Tvi of dollare
ReconBousing
International Public
struction
and Hone
Housing
Cooperation
Finance
Finance
AdminisMmlnls- A3mlnl8traCorporatration
tlon 2/
trator
tion 6/
172
162
U89
655
271*
655
215
61
1D7
178
1,5''9
30
2,038
1*1*
3,612
U,l8o
7,608
1.227
2,U1)6
67
l,3't7
102
1,310
2,233
1,966
130
1,189
1,203
1,209
5,532
1,35't
2,1*1*9
111*
1,208
90
2,11*5
1,209
1,210
1,210
6U
86
61
2,267
2,267
2,267
58
61
50
2,312
2,312
2,276
212
2:2
11*1
537
537
537
7U
2,321
2,321
176
211
537
537
18,61.5
15U
1,210
1,210
1,211
18,938
18,921
Ki,076
10,130
1,225
1,229
2,028
1,939
I5U
155
1,212
1,212
Dec
U7
2,091
2,207
1,097
1,150
1,0U0
1,088
lUl*
1956 -Jan..
Feb..
1,933
151.
1,U56
1,987
1,997
2,ooe
18,292
159
31.9
1,270
1,271
1,268
Oct..
Nov..
111*
96I*
9,085
9,389
9,875
17,9't2
226
100
100
58
78
1
1,983
1,979
1,967
17,1*1(9
21*1*
52
1*9
1,^
1,285
1,285
1,272
17,188
Older
Veterans' Defense
other
direct
Production
loan
2/
Act of
pro^rflDi
1950 8/
5"*
65
362
337
7,6U0
8,U78
8,730
l£,3W
tration
Tennessee
Valley
Authority
718
1,015
1,281
1,527
1,731
782
91't
Ul*
1955-July.
Aug..
Sept.
Mmlnla-
Secretary of
/(gnculture
1/
y
971
961t
Knrta
Electrification
131*
lUl*
17"*
53
197
39
158
395
29
270
367
lU
1*91
773
1,002
166
lU
1*32
991
187
187
187
3;*
1*91
31*
1*91
537
2
16
Treasury Bulletin
18
QEBT OUTSTTAHSIBG ARC TREASURBK'S
itf COUNT
Table 6.- Status of the Account of the Treasurer of the United States
(In BlUlons of dollaxv]
. :
.
.
19%
April
19
STATUTORY DEBT LIMITATIOII
The Second Liberty Bond Act, as amended
{
except that thie amount was increased by |6 billion beginning on August 26, 195^» aJ^d ending on Juno 30, I956,
by acts approved August 2S, 1954, and June 30, I955.
31 U.3.C.
757 b), provides that the face amount of obligations Issuea
under authority of that act, and the face amount of
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included In the statutory debt limitation at current
redemption values.
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
aggregate $275 billion outstanding at any one time,
Table 1«- Status under Limitation, February 29, 1956
(In
MuTlM
Minifw
of dolX&rs}
aaowit of seonrltles vhloh maj be oatatsndlng at asj one time, uc^r UaltatloQ iBQKwad tfj the act
26, 19116 (31 TT.S.C. 757 b), aa Increaaod te«poi«my by the acta of Anenat 28, 195**, ax^ Jaw 30, I955
Jmu
of
281,000
ABotnt of seouritiea outataodlng aubjeot to auoh atatntoxr debt Ujtltatlao:
U, S.
Gu ie iuaaat aecarltiee lesued under the Secood Liberty Bond Aot, as anaxided
279,638
Ouu-anteM, aecnrltlea (excluding thoee held hj the Treasury)
58
Total oBKnmt of aeourltiea outstandijig subject to stattttoxy debt lUHtatloa
Balance Issuable
Source:
mdar Unltatlon
279 696
•••.•••••••.•••
1
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and (juaranteed Securities
Outstanding February 29, 1956
(In allllaas of dollars)
Claas of aeonrlty
Subject to
statutory debt
liiatatlon
Public debt:
Interest -bearing securities:
Marte table:
Treasury bills
Certificate of indebtednesfl
Trecwury notes
Treasury bonds
Iteunw Canal bonds, .•,..•,••
Total marketable
•
SconarkB table
U. S. saringe bonds (current redeoptlon Talue).
^•asuz7 sarlngs notes
2>epoeltar7 bonds
TressuxT bonds, Inrestaent series
Total
-ke table
Special issues to GorenaMnt agencies and trust fuids.
Total Interest-bearing securities
Matured securities on vhich interest has ceased
Debt bearing no interest:
united States earings eteapo
Zzcesa profits tax refund bonds
Special notes of the Ublted States:
IQitemational Monetary Fund Series
Oil ted States notes (less gold reserre)
Deposits for retirsiBent of national bank and Federal Beserre Bank notes.
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Guaranteed seonritiesi
i/
Interest-bearing
Matured ••>•.••
Total guaranteed seouritiea
Total public debt and guaranteed securities.
22,315
15,71H
8i;856
Bot subject to
statutoiy debt
llBitatloa
Total
outstanding
30i»
Treasury Bulletin
20
.DEBT OPERATIONS,
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding February 29, 1956
(In millloQs of dollars)
»
[pril
21
19%
JSBBt OTtRPHlOWS.
Table 1.- Maturity Schedule of Intereat-Bearlng Public Marketable Securities
Issued by the United States Government
and Outstanding February 29, 1056 - (Continued
(Is
iHM""-
of loUara)
1
.
3
Treasury Bulletin
22
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar emoimta in mllllonfl}
Description of nsv Issue
Number of
daja to
Maturity
date
maturltsr
Amount of
bids
t«Ddered
Amount of bids accepted
Total
amount
On cco^wtitive basis
On noDccanpetiItlre basis l/
In
exchange
Amount
maturing on
issue date
of nsv
offering
Total unmatured issues
outstanding
after nev
issues
Bngwlnr Serteal
1955-Oct.
Oct.
Oct.
Oot.
6
13
20
27
or.
3
BOT.
Hot.
10
17
25
or.
Dec.
Dk:.
Dec.
Dec.
Dec.
1956-J«n.
Jb.
1
8
15
22
29
5
12
19
1956-Jan.
Jan.
Jan.
Jan.
Apr.
Apr.
Apr.
Apr.
9
16
23
May
May
May
15 P
Nsr. 22 p
"ar. 29 p
Tax Antlclpatloo Series i
1955-n«. 15
91
91
91
90
2,1*29.1
2,222.1*
2,320.1*
2,171*.!
i,6oe.2
1,599.7
1,600.2
1,600.1
1,359.9
1,361.7
1,378.6
1,369.0
21*2.3
153."*
238.1
221.6
231.1
68.5
32.1
62.7
1,600.7
1,600.5
1,600.6
1,600.2
20,813.0
20,812.2
91
91
91
91
91
2,213.7
2,155.0
2,510.0
2,307.5
1,601.2
1,600.1
1,601.1
1,600.9
1,602.9
1,387.2
1,377.1
1,363.3
1,351.8
211*.
99.1*
1,1*07.2
195.8
52.0
39.7
27.5
217.3
1,600.0
1,602.0
1,602.3
1,601.0
1,600.8
20,812.9
20,811.0
20,809.8
20,809.7
20.811.9
91
91
91
91
2,'»59.9
2,1*92.8
1,601.9
1,600.5
1,601.6
1,600.8
1,388.0
1,329.7
1,315.6
21I1.O
270.8
286.0
255.1*
1,600.1
1,600.7
1,600.9
1,601.7
20,813.8
20,813.6
1,3'*5.3
26,9
28.5
32.1
36.9
91
91
91
91
2,31*7.2
1,600.5
1,600.8
1,600.1
1,601.3
l,37'i.l*
226.1
230.3
206.9
139.9
65.0
28.6
97.6
1,602.2
1,599.7
1,600.2
1,600.1
20,811.7
20,812.8
20,812.6
20,813.9
2,592.7
2,156.0
101*.
1,601.2
1,600.1
1,601.1
1,600.9
1,602.9
20,817.1
20,817.0
20,816.1
20,815.8
20,813.2
1*,
1..
8..
15..
fteb.
•tor.
1,600.1*
Har.
Mar.
Har.
Har.
Mar.
Magr
ttor.
125.2
179.9
2..
9..
16..
23..
2
1
8
13i*.3
260.7
251.1
Feb.
Feb.
Feb.
Feb.
Rib.
Fbb.
157.9
231.1*
1,31*0.2
26..
26
Met.
195.7
1,369.3
2,067.0
2,256.6
Jan.
Jmi.
JBI).
1,1*01*. I*
2,1*05.8
2,1*30.6
1,600.1
1,600.7
1,600.9
1,601.7
91
91
91
91
5..
12 .
19..
22..
29..
5..
12..
19..
26..
3..
10..
17..
21*..
Hay
June
June
June
June
21..
28.
91
91
91
91
91
Mar.
23.
99
31..
7..
11*
2,1*06.7
2,686,1
2,596.0
2,U13.3
2,389.1
2,1*50.1
2, 1*21*. 1*
2,762.7
2,566.0
130.2
1,350.6
1,370.5
1,393.1
1,359.9
223.1
237.7
21*9.1
2U1.1*
1,600.1
1 600.2
1,600.6
1,386.0
1,380.8
1,352.9
218.5
219.3
2'*7.3
ltJ*.l*
l,31't.7
286.0
1,600.1*
1,358.1
21*2.3
82.1*
128.1*
1,501.1*
1,11*8.3
353.1
l,6ol*.l*
31.1
1,600.1
1,600.5
1,601.2
20,810.1*
20,810.6
20,8U.l
20,8U.5
20,8U.8
20,811.7
20,8ll*.3
20,813.1*
.
April
19%
23
_
DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Qat«
aubecrlptlan
bookB voro
opened
Aaount iBsuad
/rnomt of
Butecrlptlona
Date
of
Daflorlptlon of eecul^ty
t«i]dar«d
Issue
riMt
N&tnrlV
oall
Oa«hi/
Top
Ifrnhange
oach 1/
(In IIIKiiw of
6/16/52
/
I
8A/52
9/15/52
n/17/52
2/2/53
f
I
y
''(^'!52
7/1/52
l-7/8iS Certificate 2-3/856 Bond
Certificate -
8/15/52
256
10/1/52
2-1/856 Note
10/1/52
1-1/256 Bote
8/15/52
2)6
Certificate
-
2/15/53
2/15/53
2-1 A* Certificate
2-1/2 j6 Bond
-
1-1/2* Note
U/U/SS
5/1/53
5/20/53
6/1/53
3-lAiS Bead
2-5/8* Certificate -
7/6/53
7/15/53
8/15/53
9/2/53
9/15/53
I 9/15/53
f
t/
10/28/53
1 2/15/53
5 yr
l./l/58-EA
5 yr
6/15/78-^
30 yr
6/1/51.-B
lyr
m
11,693
10
25 yr ij m
8
3/22/51.-C
lyr
3/15/57-A
3
2-3A* Bond
9/15/61
IS/ISM-B
7yr
lyr
10
1-7/856 Note
5 yr
10
12A5/58 6/
1-5/8* Certificate Z-l/ff, Bond
8,687
yr
5 yr
2-1/2* Bond
m
5,250
1 yr
ID/1/58-BD
I2/15M
y
lyr
9/15/51.-E
/ 2/15/5U
5A/5lt
2/l5/5'.-A
12/15/58 6/
8/15/51.-D
11/9/53
lli
l.,963
8/15/53-C 1/
2-5/856 Certificate 2-7/856 Note
1-1/2* Note
m
8/15/53-e a/
12/1/53-A
-
10/1/53
11/18/53
2/1/5U
Certificate (tai ant. 10/)
Certificate
n
10/1/57-H)
U/1/53
8/5/53
6/1/53-B
6/15/58
2/15/55-A
12,51.3
1 yr
7 yr
U/15/61
k/l/5U
1-1/2* Note
U/1/59-EA
5
5/17/5't
1-7/8* Note
2/15/59-A
U yr
yr
9,750
n
5/5/51.
I
8/3/5U
I
I
9/23/5l>
f
ll/22/5lt
5/17/5U
8/2/5U
7/2 l/S"*
Certificate (tax ant, ig/)
lyr
5/17/55-B
7im
3/22/55-C
1-1/8* Certificate 2-1/8* BCDd
8/15/55-D 22/
u/l5/60
6 yr
3
10A/5I.
1-5/8* Note
5/15/57-B
2 yr
7im
10/1/51.
1-1/2* Note
10/1/59-83
5 yr
8/15/51.
1-1/8* Certificate l-lA* Certificate 2-1/2* Bond
8/15/55-D 20/
12/15/55-E
8/15/63
lyr
lyr
|12/15/51.
2/15/55
2/15/55
2/15/55
1-5/8* Note
Note
Bond
3/15/56-A
8/15/57-c
2/15/95
1-3/8* Certlfloate (tax ant. 26/)
6/22/55-F
2*
3*
lyr
yr
1-1/2* Note
I./1/60-EA
5 yr
5/3/55
5/17/55
2*
8/15/56-B 22/
1 yr
7/8/55
7/18/55
3^/56-A
7/U/55
2/15/55
1-7/8* Certificate (tax ant. 22/)
Bend
3*
Certificate (tax ant. 32/)
Note
6/22/56-B
2-1 A* Certificate (tax ant. 32/)
6/22/56-C
7/20/55
10/3/55
i/
8/1/55
2*
1 5/17/55
2*
I
lO/U/55
10/1/55
n/28/55
3/5/56
filfx^
1-1/fe*
2/15/95
7,938
3,989
10,620
git/ IK)
yr
1,720 gi/
10^
8/15/56-B 22/
10/1/60-BD
8,190
2 yr
21./ 1.0
'./1/55
Note
»
8 yr
3/22/55
1./1/55
9,250
lyr
8/l5/5fc
8/15/51.
)l2/l5/5^
2/1/55
1-1/8* Certificate
1*
-
lyr
]
3
i
8
]
5 yr
2-5/8* Certificate
2-7/8* Note
J2/1/56-D
lyr
6/I5/58-A 32/ 2 yr
2-5/8* Certificate
2-7/8* Bote
6/15/^A
^ 2yr
6
B
8,778
In
for oUiar
secorltlaa
doUna)
AUotaant
xmtlo
Treasury Btdletin
2k
_DEBT OPERATIONS.
Footnotes to Table 3
1/
2/
i/
k/
^
6/
2/
8/
CoofllBta of all jnibllc caab subacrlptlona and aubscrlptloaa by
Tblted States Goremnient liiTestment accounts.
Honbank subecrlptlons were allotted in full. Conmercial banka'
atibacrlptlona for amounta up to and Including $100,000 for their
own accomt also were allotted In full. Conmercial banks* subacrlptlona for amounts over $100,000 for their own account vero
allotted $100,000 oq each subacriptlon.
vith
"Qio 2i> certificates dated Aiigust 15, 1952, were reopened
all certificates of the aeries identical In all respects, as an
irtiich
exchange offering for the 1-7/8^ certlficatea
matured
December 1, 1952. Total exchangee In the two offerlnga amounted
to $2,88e BllUon.
Etchange offering available to owners of nonmarke table 2 -3 Ait
Tremmarj Bonds, Inveatanent Series B-1975-60, dated April 1, 1951For ftxrtber Information on the original offering see "Treasury
BnllAtin" for April 1951 » PAge A-1. Amounts shown are as of
March 31, 1956.
Amount shown includes exchanges by Federal Reserre System Open
Market Account amoxaiting to $71** Billion.
The 2-l/2i> bonds dated February 15, 1953, were reopened with all
the bonds of the aeries Identical in all respects, as an exchange
offering for the 2-l/8^ no tea irtilch matured December 1, 1953Total exchanges in the two offerings amounted to $2,368 million.
HbldeTB of the 1-7/8^ certificates which matured Pebruaiy 15, 1953,
were offered a choice of exchanging the securities for either the
ODe-year certificates or the flve-yeai", ten-month bonds.
The bond offering was made available for exchai^e of Series F and G
savings bonds maturing from May 1 through December 31, 1953
Total allotiaante on cash subacrlptlona were limited to approximately
$1,000 million. Nonbonk subscriptions In amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. CoBBiercial banks* subscriptions were restricted to an
aaouDt not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the rlffht to allot
United amounts of these bonds to Government inves'bnent accounts,
irtilch subscribed to a total amount of $ll8 nllUoa.
Also designated tax ontlcipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due March 15, 195^Subscriptions for amounts up to and inclxiding $100,000 were allotted
in full. Subscriptions for amounts over $100,000 were allotted 67
percent but In no case less than $100,000.
Holders of the 2^ bonds which matured September 15, 1953, were offered
a choice of exchanging the securities for either the one-year certificates or the three-and -one-half -year notes,
Subecrlptlons for amounts up to and including $10,000 were allotted in
full. Subscriptions from mutual savings banks, insurance conpanles,
pension azd. retirement funds, and State and local governments were
allotted 24 percent. All others. Including conmercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription,
Holders of the 2-1/8^ notes maturing December 1, 1953, were offered
a choice of exchanging the secinritlee for either the twelve-and-onehalf-month notes or the five-year, ten-^Donth bonds.
Holders of the 2-l/U$ certificates which matured February 15, 195^,
and the 1-3/8^ notes maturing March 15, 195^*, were offered a choice
of exchanging the_ securities on Febrimry 15, 195^, for either the
one-year certificates or the seven-year, nine-month bonds. In addition, holders of the 2$ bonds maturing Jivie 15, .195^, bi^ 'two
lasuDa of 2-1/1*56 bends colled for redemption on June 15, 195^, were
givan on opportinlty to exchange their holdlnga on February 15, 195^*,
for the 2-1/2^ bonds.
Subscriptions fcramounts up to and including $10,000 were allotted
in ft»ii
All other subscriptions were allotted 22 percent but In no
case less than $10,000,
Holders of the 2-5/8^ certificates maturing June 1, 195**, were offered
a cbdce of exchanging the soourltles on May 17, 195^, for either the
one-year certificates or the four-year, nine-month notes,
Also designated tax anticipation certificates, acceptable at par plus
accmad Interest to maturity In payment of Inccane and profits taxes
dm March 15, 1955.
Sobacrlptlons for amounts up to end including $50,000 were allotted
in fall. Subscriptions for omotKits over $50,000 were allotted
kO percent but in no case less than $50,000.
The 1-1/8^ certificates dated August I5, 195^, were reopened with
all the certificates of the series identical in all respects, as an
exchange offering for the 1-7/B^ notes which matured December 15,
195**, the 2^ bonds lAilch matured Dscenber 15, 195'** and the 2$ booda
•
2/
10/
2X/
Ig/
13/
Ik/
15/
16/
,
17/
18/
19/
20/
-.lilch were called for redemption on December 15, 195^*,
Total exchanges in the two offerings amounted to $8,U77 million,
Holders of the 2-5/856 certificates, maturing August 15, 1954, and
the 2-5/8^ certificates, maturing September 15, 1954, were offered a
choice of exchanging the securities on August I5, 1954, for either
the one-year certlficatea or the six -year, three-nwnth bottia.
22/ Subacrlptlona for amounts up to and Including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted 50
percent but in no case lees than $50,000.
23/ Holders of the 1-7/8^ notes maturing December 15, 1954, the 2$ bonis
maturing December 15, 195^, and the 2^ bonds called for redemption
on December 15, 1954, were offered a choice of exchanging the securltlea for either the 1-1/8^ certificates, the l-l/45t certificates, or
the 2-1/256 boois.
24/ The 356 boz^e dated February 15, 1955, were reopened with all the
bonds of the series identical in all respects, as an additional cash
offering on July 11, 1955. The total amount Issued in the two
operations was $2,745 million,
25/ Holders of the 1-5/8^ certificates maturing February 15, 1955, ^^
the 1-1/2^ notes maturing March I5, 1955, were offered a choice of
exchanging the secinrltiee on February 15, 1955, for either the oneyear, one-^nonth notes or the two-year, sli-^ttonth notes. At the
same time holders of the 2-7/856 bonds of 1955-60, called for
redemption on March 15, 1955, were offered a choice of exchanging
the securities on February 15, 1955, for either the one-year, onemonth notes or the forty -yeeu- bonds.
26/ Also designated tax anticipation certificates, acceptable ot par plus
accrued interest to maturity In paynmt of Income and profits taxes
due June 15, 195527/ The 256 notes dated May 17, 1955, were reopened with all the notes of
the series Identical in *ii respeots as an exchange offering for the
Total exchanges in the
1-1/856 certificates maturing August I5, 1955.
two offerings amounted to $10,015 Billion.
28/ Cash subscriptions for $100,000 or lees were allotted in full. Subecrlptlons for more than $100,000 were allotted 62 percent but in no
cose less than $100,000.
2g/ Also designated tax anticipation certificates, acceptable at per plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 1956.
Subscrlptlcns
for $100,000 or less were allotted in full, Subacrlp20/
tlona for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
^,1/
Subecrlptlcna froa savings-type investors totaled $749 million and
were allotted 65 percent. Subecrlptlons from all other Investors
totaled $970 Bllllcn az^ were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for iiore
than $25,000 were allotted not lose than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Govemment Inveetment accotmte. Savings-type investors wore given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent of the bonds allotted were paid for by July 20,
1955, not less than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
32/ Also designated tax antiolpatloo certificates, acceptable at par plus
aocnied interest to maturity in payment of income and profits taxes
due Juno 15, 1956.
33/ Holders of the 1-1/8^ certificates which matxa-ed August I5, 1955, were
offered a choice of exchai:glng the securities on August 1, 1955, for
either the ten-and -one-half ^acsith certificates or the one-year, threemonth notes.
34/ Subacrlptlona for $100,000 or leas were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
leas than $100,000.
The 2-7/856 notes dated December 1, 1955, were reopened with all the
notes of the series identical in all respects, as a partial exchange
offering for the I-5/856 notes maturing March 15, I956. Total exchangee in the two offerings amounted to $4,392 million,
Holders of the I-I/U56 certificates and 1-3A^ notes, both maturing
December 15, 1955, were offered a choice of exchanging the securities
on December 1, 1955, for either the one-year certificates or the twcand.{»ie -half-year notes,
Vjf Holders of the 1-5/8?. notes maturing March 15, 1956, wore offered a
choice of exchanging tlie securities on March 5, 195°, for either the
eleven-and -half -month certificates or the two-and-one -half-year notes.
Holders of the I-I/256 notes maturii« April 1, 1956, wore permitted to
oxclutngo their securities only for the certificates,
Preliminary,
p
r
Revised.
21/
,
^
^
April
19%
25
Treasury Bulletin
.DEBT OPEaATIONS.
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
April 1956
27
.DEBT OPERATIONS.
Table 5.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued)
Treasury Bulletin
2g
.UirrTED STATES SAVINGS BONDS.
United Statee savings bonds were first offered In
March 1935 and began to mature In March 19 45. Series A-D
were sold between March 1935 and the end of April ig**-!,
and Series E, F, and d were first offered In May I9U1.
When Series E began to mature on May 1, 1951, owners of
details of these changes see "Treasury Bulletin" for
began to mature on
May 1952, page A-1. Serlee F and
exchange
offering
made to holders
the
For
May 1, 1953.
of these bonds maturing through December 3I, 1953, Bee
The Treasury invited
the May 1953 issue, page A-1.
To redeem
holders of Series F and G which began to mature in January
the matured bonds were offered three options:
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
for Series G bonds. A number of changes became effective
May
1,
The principal ones were:
1952.
The rate of
1954 to reinvest the proceeds in other series of savings
In the tables which follow, Series A-F and J sales
bonds.
are inoluded at issue price and total redemptions and
amounts outstanding at current redemption values.
Series 0,
Matured
H, and K are Included at face value throughout.
Interest accrual on Series E was Increased, especially for
bonds which have been redeemed are included In redemptions.
with corresponding changes In extended
were replaced by two new
Series E; and Series F and
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond. Series H, similar in Interest
Matured F and
the near term,
return to Series
E,
was offered beginning June 1,
bonds outstanding are Included in the
interest-bearing debt until all bonds of the annual series
have matured, when they are transferred to matured debt
upon which interest has ceased.
For
Table 1.- Sales and Redemptions by Series, Cumulative through February 29, 1956
(Dollar amomta In Billions)
.
,.
.
29
April 1956
.UNITED
STJfflES
SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In 11111008 of dollara)
PBrtod
Salee
Accrued
dieoon&t
Aaount outataDding
Bedeoptlcns 1/
Salee plus
aoorued
Salee
dlsootsit
price kj 5/
Serlee E and B combined
Accrued
dleoount
^
Intareet-tearlng
debt
Matured debt
Fiscal yeare:
19'>1-19'»8
19^9
1950
1951
1952
1953
195^ 6/
J955
y
33lt
162
195
307
It25
3't
500
55t
636
37 ,'•82
itllt
'1,307
I»,li07
it,oo8
5,181
5,779
11,038
6,3't8
lt,5Wt
3,368
3,326
3,987
3,583
3,538
3,791
3,909
5^,838
5,025
22,6lt9
22,235
3,11^
3,912
3,27lt
I7I1
32,188
33,766
2't5
3l^,lt93
3'.8
3lt,727
35,32lt
2,021
5e,'*it7
U,278
3,993
3,272
3,296
It, 061
753
5,032
'•,887
5,225
895
1,035
1,111
1,120
1,126
1,123
5e,i»5't
2,38lt
,208
818
971
1,080
1,120
1,128
1,126
1,113
'»,653
20,li88
20,822
3,530
3,521
It, 295
50,lia6
It,3't5
31,625
33,127
3't ,11911
3lt,506
,905
36,0W
39,285
Calendar yeare:
19I41-19W
19^9
1950
1951
1952
1953
195*
It
3,668
3,190
3,575
'•,368
11,889
5,368
1955....,
5,1*96
*,157
6,015
li,liW
3,667
3,688
3,622
3,625
3,909
It
,692
3,9't9
531
535
70£
36,663
38,233
6,li8l
toe
399
393
352
50
39,'t32
3lt3
56
53
39,553
39,656
358
358
305
310
331
53
1.8
39,780
39,906
52
110,063
55
ltO,296
65
Ii0,lt88
18
12
19,105
21,205
11,639
,270
'•,69^
11,036
'•,098
It
'•76
W,063
Won the:
1955->JuU
August. ...
September,
h39
U39
UlU
no
5lt8
81
82
520
U96
October...
Uolt
lt83
Noreonber.
395
December.
lt25
78
89
115
111
681.
8I1
560
1956-Janv»ry...
FebruaiT .
572
U76
itSli
5ltO
383
U50
368
339
395
303
Serlee F, G, J, and E ccetblned
Fiscal years:
21,lt63
19'tl-19't8
2,863
1,680
1,871
629
501
19't9
1950
1951
1952
1953
195't
6/
1955 6/
81tl
1,2U9
172
73
83
90
96
108
108
108
21,631*
207
78
87
93
100
109
110
23,57't
l,70lt
2,935
1,763
1,961
726
fro
9lt9
1,357
2,529
835
821
l,0lt2
1,012
1,552
2,152
2,692
2,511
823
807
1,021
990
1,511
2,071
2,56t
81
128
2,937
21l
22,llt7
21
21
111
23,066
22,780
21,837
20,579
19,080
55
219
Calendar yeare:
19ltl-19lt8
23,367
1,626
19't9
2,961
815
905
1950
1951
1952
1953
2,lt06
195't
l,28lt
W55
907
103
1,010
1,093
929
1,968
2,526
2,636
55
15
6
7
70
186
770
586
It
32
2, '•93
863
686
5't2
1,39't
803
888
1,071
908
1,909
12
17
22
21
59
2,'«8
2,U98
98
138
180
136
319
7
20,613
21,501
23,089
22,859
22,616
21,0lt7
19, 1139
U3
17,861
619
571
18,975
18,897
18,635
207
196
186
l8,Ml
177
168
571
MonUie:
1955-July
Ai^ust . . ,
September.
U8
lt8
53
216
166
161
200
675
290
655
257
U9
Ul
12
53
72
15
6
87
1956-Jonufli7...
Footnotes at end of Table U.
55
6
6
1.7
.
llt3
328
It3
October. .
NoTember.
December..
February
5lt
68
7lt
155
15't
(Continued on followlz^ pa^s)
7
9
16
12
7
20
33
18,373
17.861
17,353
17,197
lt91
1(30
..
,
Treasury Bulletin
30
.UNITED STATES SAVUJGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
(In nilllans of dollars)
Accrued
discount
Redemptlona 2/
Sales plus
accrued
discount
Sales
price
it/
^
^
Accrued
discount
^
Amount outstanding (interestbearing debt)
Series t
Fiscal years:
19l»l-19't8
19*9
1950
1951
1952
1953
X95k
1955
50,1*26
2,021
,278
3,993
753
It
3,272
3,266
3,700
3,988
l»,095
52,W»7
5,032
20,488
3,368
3,326
3,987
3,583
3,532
3,765
3,854
334
162
195
307
425
500
554
636
31,625
33,127
34,494
34,506
34,875
35,664
36,458
37,186
1,U1
i',377
1,120
1,126
1,123
4,821
5,11*
5,218
20,822
3,530
3,521
4,295
4,008
4,032
4,319
4,490
2,38*
818
971
1,080
1,120
1,128
1,126
1,113
54,838
5,025
4,639
4,270
4,513
5,034
5,149
5,304
22,649
3,448
3,912
4,036
4,098
4,141
4,406
4,572
22,235
3,274
3,667
3,688
3,622
3,609
3,871
3,870
414
174
245
348
476
531
535
702
32,188
33,766
34,493
34,727
35,143
36,036
36,778
37,510
37,236
37,279
37,307
895
1,035
'•,887
4,307
Calendar years:
19'H-19W
52, *5*
l»,208
19*9
1950
1951
1952
1953
195*
1955
3,668
3,190
3,393
3,906
^,023
'»,192
Months:
1955-july
August...
September.
335
353
331
110
81
445
434
413
395
391
385
345
335
331
50
56
82
October. .
November,,
December,,
321
320
355
137
376
78
89
115
399
409
469
296
53
302
323
48
52
37,357
37,415
37,510
111
548
460
350
350
375
441
360
387
295
55
65
37,617
37,717
6
6
26
55
1956 -January..,
February,
81.
53
Series H j/
Fiscal years:
1952
1953
1954
1955
30
360
665
1,130
30
360
665
1,130
182
462
26
55
30
385
1,024
2,099
Calendar years:
1952
1953
1954
1955
182
462
866
16
16
866
1,177
38
1,177
79
38
79
103
87
Si
103
87
83
Ncrrember,
83
75
83
75
December,
71
71
135
100
135
, . .
181
627
1,455
2,553
Months:
1955-Jiily
,
Ai^ust. . •
September.
October,
.
1956-January . .
February..
Source:
Dally Treesmy stateooent; Bureau of the Public Debt.
2,195
2,274
2,349
2,424
2,490
2,553
2,679
2,771
100
Footnotes at end of Table 4.
,
".
31
April 1956
.UNITED STAIES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savlnga Bonde
(In BllllonB of dollars)
Unnatured bonds
Matxa^d bonds
Period 8/
Total
wtured
^
3eri«G
A-D
?or
caab
In exchange
for Series G
and E
Series
F and G
Total
unaatursd
Sales
price
it/
Accrued
discount
Fiscal years:
1951
1952
6,137
5,109
5,621
6,515
7,251
1953
195^
1955
817
792
1,761
38
702
1,128
37
69*
1,126
2,7't7
779
90
31
18
1,'*87
l,l»86
l,2iil
3,9W
llf
1,826
1,825
2,101
98r
772
1,015
2,318
3,171
987
518
251*
2lt9
962
1,326
l»,230
13
968
1,328
1,500
2,cA7
6oe 2/
2/
5,320
'»,996
321*
'',317
I*
3,860
3,768
3,310
3,622
3,577
271
238
191
168
•,853
l*,583
l*,571
,01*6
3,11*2
Calendar years:
1950
1951
1952
1953
195*
1955
5,8140
5,651
5,07't
6,lli9
6,985
7,301
'•7
2lt
II*
l,l»99
2,01(7
1»,879
967 2/
1,657
2,169
3,811*
3,806
3,613
3,655
3,071
2,90ll
•,059
3,831
270
308
253
217
159
167
Months:
1955^uly
589
2511
August...,
51.3
271*
150
166
Septconber,
722
307
153
October..,
RoTember.,
December.,
57U
526
5U5
380
288
265
151*
153
lUo
153
1I4O
1956 -January..,
Februazy .
1,126
660
926
611
165
196
165
196
,
Source: Dally Treasury statement.
i/ Details b7 series aa a cimulatlTo teals and tj peirioAs for Series A-S
ccHnblned vlU be fonad la the Febniar; 19^ aad previous Issues of the
"Treasury Bulletin.
2/ Inclixlea exch&Dgea of Batured Series E bonds for Series O bonds boigliinlng May 19^1 and for Series E bonds beginning May 19^Includes both natured and unaatured bonds; see Table k.
Includes total value of redemptions not yet classified between aatured
and unmatui^ bonds
5/ A change In procedure, beginning in June 19^» for processing redeemed
savings bonds has rea\ilted In a high level of redei^jtloas not yet
classified between matured and unmatured bends. This Increeee taorpo*
rarlly obscures the relationship between the redeo^tlon columns showing sales price and accrued discount in Tables 2 throu^ k and also
the relationship between the matured and unmatured sections of
Table k. (See aleo footnote k,) The subsequent distribution of this
150
165
153
153
6/
U
loU
108
33"*
321*
268
256
153
U15
1*02
226
IU7
110
igi*
12
238
280
182
227
269
11
361
600
Itllt
1.9
589
37
11
12
12
13
U
high level of unclassified redeiiq>tlon8 may be large enough in any
month to show redemptions of matured bonds for a series in Table k
which are greater than the total redemptions of that series as shown
in Table 3, and to show a negative in the unmatured section of Table k.
Reductions were made in issues and redemptions of Series E, E, F, C,
J, and E In July 19^** 'to coaq>ensate for the erroneous Inclusion of
reissue transactions in June 195^ as reported in the daily Treasury
statement. The amounts Involved w«re as follows: $l8 million for
issues of Series E and H and $17 million for Issues of Series F, G, J,
and E; and $3^ million for unclassified retirements.
Sales began June 1, 19^.
Comparable data are not available prior to January 1950.
Includes exchanges of Series 19^*1 K and G savings bonde for Treasury
3-lA* twnds of 1978-83.
Less than $500,000.
Treasury Bulletin
32
.TREASURY SAVUiCrS NOTES.
Similar Information with respect to the offering of the
earlier series was published currently In the "Treasury
Treasury tax and savings notes have been Issued as
Tax Series A from August 1, ig"*!, through
follows:
June 22, 19't3; Tax Series B from August 1, ig**!, through
September 12, 1942; Savings Series C (originally designated
Bulletin,"
Tax Series C) from September iM-, igte, through August Jl,
191*8; Savings Series D from September 1, igl+S, through
May Ik, 195I; Savings Series A from May I5, 1951. through
May Ik, 1953; Savings Series B from May I5, 1953, through
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
(
Matured notes
outstanding are reflected in the Interest-bearing debt
a
October I953 Issue of the "Treasury Bulletin,"
until all notes of the annual series have matured, when
they are transferred to matured debt upon which Interest
has ceased.
page A-1.
Table 1.- Sales and Redemptions by Series
,
Cumulative through February 29, 1956
(In nilUona of dollATs]
Series
)
Included In the figures on redemptions.
new Savings Series C from
October 1, through October 23, 1953, "h*" sale of these
Details concerning terms and
notes was suspended.
conditions for purchase and redemption and Information on
investment yields of Savings Series C appear in the
September 25, 1953; and
and appears also In the "Annual Report of the
Secretary of the Treasury" for appropriate years.
5
,
.
7
S
8
U
.
April 195()
'i'i
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors anO Types of Issues
(In mlllloQe of dollars)
Intereet-l>earliig eecurltiee leaued
by the U. S. Govemnent
End of
fiscal
year or
month
I9W,
Held by U. S. Govemjnent
inTeetment accounts 2/
Total
Federal
eecurltlee outatandlng
1/
Total
outetandln^
Public
lesuee
252,366
252,798
257,377
255,251
259,151
250,063
250,762
255,209
252,852
256,863
'''',335
263,9''6
1*7,560
195lt.
266,123
271, 3U1
1955.
268,910
271,711
1*9,31*0
27'»,Ul8
195'' -Dec..
278, 7&»
1955Hjuly.
Aug..
Sept.
277,626
279,352
191*9
1950-
1951
1952.
1953.
0;t..
Nov.
Dec.
1956-Jan.
Feb..
Interest-bearing securities guaranteed by the U. S. Government U/
35,761
38,288
37,830
5,550
5,512
''0,958
6,305
6,596
5,1*71*
Special
laeueB
30,2U
21,366
32,776
32,356
19,31*3
37,739
18,331
22,982
22,906
31*, 653
Held by private
Inrestors i/
Held by
Federal
Beserre
Banks public
Issues
Public
marketable
Issues
Public
nonmarketable
issues
Government
Total
investment
outaccounts
standing and
Federal
Beeerve
Banks 2/ i/
Held by private
investors \/
Matured
debt
and
Public
Public nonmarketmarketable
able
issues issues
6/
debt
bearing
no
interest
133,567
59,369
69
27
1*2
130,1*17
131,629
1
Ul,663
17
27
13
16
188,911
189,623
62,711*
67,1*19
77,21*9
21.
199,01*8
27
2,012
2,150
2,372
115,185
71*, 1*37
1*1*
1*3
2,21*1*
72,511
72,762
69,723
51
80
51
80
2,126
2,351
1*3
1*1
2,631*
U
2,231*
1*0,538
21*, 71*6
191,61*0
U2,229
1*3,250
25,037
23,607
191*, 533
50,536
7,021
7,111
7,286
197,598
119,129
121,771
127,875
275,731
1*9,609
7,01*3
1*2,566
21*, 932
201,190
129,1*20
71,769
33
33
3,020
50,639
51,552
51,200
7,299
1*3,31*0
211,091
1*1
1*1*,238
23,760
130,71*3
131,31*7
69,1*82
7,311*
200,225
200,399
1*3
2
7,309
1*3,891
23,831*
199,81*5
131,893
69,051
67,952
38
uo
277,52l»
27U,955
275,711
27U,879
1*7
5
1*2
2,630
2,599
2,59s
279,866
280,189
280,822
277,277
277,628
277,799
51,01*2
7,386
1*3,657
21*, 021*
2,51.2
7,591*
131* ,271
7
11
1*0
51,607
51,723
67,511*
67,1*93
1*7
21*
1*1
7,798
1*3,926
2l*,785
202,210
201,765
201,291
131* ,696
l*lt,013
2,509
2,970
280,102
280,167
277,170
277,295
51,651*
8,069
8.106
1*3,585
23,1*66
U3,688
23, l*8e
206,050
202,018
135,365
135,321
51,791*
,256
Dally Treasury statemont for total amounts oiitatanding; rsporta
agencies and trust funds for securities hold by U. S, C>ovenmi0nt
tnveetraent accounts; and reports fraa Federal Eoserve System for
eecurltles held by Federal Eeserve Banks.
Incl'jdes certain obligations not subject to statutoiy limitation.
For amoisits subject to limitation, see page 1.
Includes accoioits under the control of certain U, S, Govemnent
agencies ^ooe investmenta ai-e handled outside the Treaaury; excludes
Federal land banks after June 26, I9I+7, when the proprietary Interest
of the Iftllted States In these banks ended.
13 1* ,230
67,061
66,68U
66,697
52
52
51
56
8
1*1.
13
38
15
1*1
2,881
2,816
The total amount of Interest-beai-ing sec-jrltlee held by private investors is calculated by deducting fran the total amount outstanding
the amount held by U. S. Govemnent Inveslzient accounts and Federal
frott
2j
U. S.
192,936
193,131
Source:
1/
Held by
Be serve Banks.
i^
Excludes guaranteed securities held by the Treasury.
All public marketable Issues.
Consists of CcBamodity Credit Corporation demand obligations stated as
of tile close of the previous month
Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury i/
(In millions of dollars; negative figures are l»t sales)
Har.
191*0.
191a.
191*2.
-9.5
-2.8
-.5
191'3.
-11*.
191*1*.
191*5.
-9.9
-67.5
-20.9
12.0
30.0
-5.7
-90.3
-105.1
-U8.1
May
July
-1.6
-.7
.1.
.9
-.2
.1*
5.8
.3
*
-72.9
-11.5
-5.9
-16.5
-55.6
-U.7
106.8
3.3
-61.3
-12.1
191*6.
-e.i
-.7
191*7.
I9I18.
.1
-.2
176.9
191.9.
1950.
1951.
8.8
-6.6
36.8
-1.8
13.5
261.2
1953.
22.1
l'/53.
195l<.
21.
.6
6.7
8.8
12.9
7.0
-U.o
1955.
1956.
23.0
77.
-9-8
-1.3
Apr.
.1*
-2.3
-B.l.
-35.2
-10.0
-11*5.8
-15.8
-19.0
-31*. 1*
-56.
-67.8
-18.5
-17.0
.1*
-338.6
-30.1*
20.5
-I..1.
-1*.5
1.0
-.2
-2.
-28,
-12.
-308.1
5.1*
l*.l*
-88.1.
-.1
8.2
3.8
-2.0
U.6
5.0
-1.7
5.8
.2
1*.7
2.8
8.1*
3.5
1.1
-1.9
11.1*
.5
-22.1*
19.9
36.2
-2.9
2.9
35.9
2.8
-1*5.5
18.9
29.9
56.2
22.5
5.1
3.5
-1.1
60.0
-1*1.2
-71..
-123.
7.2
-5.0
-5.9
U.8
-12.0
-57.6
221.0
696.1.
.3
-157.8
-609.1
8.1.
Consists of purchases or sales node by the Treasury of securltiee
isexied or guaranteed by the U, C. Government for (1) trust funds which
by law are under the control of the Secretary of the Treacury or of the
Treasurer of the United States, and (2) accounts lu^er the control of
certain U. S. Goverraient agonclee whose investments are handled through
the facilities of ths Treasury Department.
It will be noted that these
-.3
-69.8
-359.2
1.1
ii£a.7
-51*.
Sept.
-.2
.3
5.1
6.3
1.5
Aug
-123
-lU
.0
,1
-20.3
-.2
.1
U.5
10.7
-3.6
-.1
7.0
29.0
1.5
1.1*
1.9
20.1
7.9
-ei.7
.1.
38.1*
-10.0
16.5
17.0
21.1
11.7
-1.1
-17.2
ll>.2
.6
1.1.0
20.3
11.8
-30.7
7.9
231*. 6
71*.
8.2
transactions diffe: fran the .e reflecteii in Table 1 because they
exclude those Government invostaient accojnts for which tnveetoents
are not handjjed by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as nmended
(31 U.S.C. 75I1 a), and excludes the Erxhange Stabllliatlon Fund.
Less than $50,000.
13
,, .,..
,
5
9
1
7
9
3
8
7
3
S
7
3
8
U
2
9
8
u
7
'
Treasury Balletii
3^
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par val\io8 X/ - In blUlone of dollarQ)
aid of
month
U. S.
Co
clal
banks
2/
ing 2/
1939-Docember.
.
19U0-June
December,,,
19Ul-June
December,
December,
19l»3
.
-June
December,.
19UU-0'une
December,.
19U5-June
December,
,
19l,6-Februai7 2/
June
December,
.
.
1QU7-June
December.,
.
,
I9't8-June
December,
ighg-june
December,,
1950-June
December,
December.
1953-Juno
December .
2/
hj
5/
1.9
8.2
6.3
3.1
50,9
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
21,8
23.7
19.7
2.2
2,3
25.0
31.0
11.2
13.6
7.6
8.2
7.1
8,2
3."*
5.1*
3.7
77.0
112.5
28,7
26.0
37.7
53.0
17.8
23.7
8.7
13,1*
10.3
9.2
11.3
3.9
Itl.l
2.6
6.2
9.1
1*7.3
8.5
9.5
10.6
12.2
3.6
21.1*
ll>0.8
59.''
111.3
16.9
30,9
37.6
11.7
11.5
67.0
81,7
19,2
71.5
52.2
59.9
7.2
170.1
21*,
12.9
202.6
232.1
83.3
96.5
68.1*
11*.
100,2
li6,l
18.8
lll*,0
53.3
31,2
36.2
llt.9
77.7
19,1
21,7
259,1
278.7
106.0
115.0
81*
21.8
2ll,9
59.1
1*0.7
90.8
21*.
27,0
128,2
136,6
6I1.1
1*2.9
279.8
269.9
259.5
116.7
108.2
97.9
93.8
28,0
29,1
30,9
135.1
132.6
130.7
6I1.1
71*.
22.9
23-8
23.3
258. l»
91.9
91.3
70.0
68.7
21.9
22,6
32.8
31t.ll
133.7
131.3
85.9
85,8
6U.6
62.5
21,U
23.3
35.8
37.3
257.0
81*
.2
.U
.1*
.7
.1*
.5
.7
.7
2.0
.6
.7
1*.0
.7
.9
h.9
10.1
.9
l*.5
1.0
13.1
15.1
5.3
12.9
1.5
3, It
6.1
l6.lt
2.1
lt,li
17.3
19.6
7.3
8.3
20.2
3.2
21.lt
lt.3
6,1
7.0
18.5
21.2
22.7
9.6
10.7
23,3
22,2
5.3
6.5
9.1
1*3.3
1*3.5
20.8
2U.1*
19.9
21*
1*J*.2
20.1
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
8.9
8.6
8.1
66.6
65.7
1*5.5
1*6.2
21.1
2I1.6
13.7
lU.l
9.6
23.9
12.1
12.0
7.1
19.1*
7.3
8.I1
130..7
129..7
65.8
65.5
1*7.1
1*7,8
18.6
17.6
22.8
21.2
12.0
11,5
13.6
11*,
7.8
7,9
8.7
8.9
66.6
66.3
1*8.8
17.8
17.0
20.5
20.1
U.6
1*9.3
15.8
16,8
8,0
8.1
9.lt
1*9.9
1*9,6
17.6
16,7
19.8
18.7
11.6
10.9
18.1*
8.7
8.8
10,5
16,3
15.5
17.1
10.2
16.5
9.8
20.1
20.7
15,7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
10.
16.0
15,8
9.5
9,2
l8.lt
12,0
12,7
12,8
21.0
15.3
15.0
9,1
8,8
16.
19.3
13.9
33.8
13.7
13.9
15.2
15.2
15.0
8.8
8,8
8,8
20.0
21.2
19.0
llt.l
li*.3
13.9
13.9
l't.5
lit
8.8
8.8
8.7
20.1
21.2
18.8
IU.6
IU.7
11* ,1*
lit.
11* ,1*
8.8
8,8
8.7
19.8
15.0
20.8
20.6
15,0
15.1
15.1
21.9
22.5
22.2
15.3
15. It
15.2
15. It
15.I1
15.6
21*.
15.7
15.5
63.3
6U.2
252.8
257.2
82.1*
63.0
66.8
19.3
18,9
38,3
85.7
39.'*
132.2
132.1
257.1'
83.9
82.6
65.6
61.8
18.3
37,8
135.6
67.1*
20.8
39.2
13l».9
66.3
lil,0
65.1.
.
85.1*
61.6
23.0
23.8
lis,
132.9
131.8
6U.6
1*9.1
1*9,1
259.2
61.1
22.9
lil»,3
130.8
6'*.
1*9.0
17.1
21*.
.9
2I1.9
U.I*
.
267.1.
8U.0
88.1
63.1*
211.7
I15.9
133.1*
65.1
1*9.2
33.6
89.6
58.8
63.7
21*.
1*7.6
1*8,3
65.1*
1*9.3
U9.It
17.1
25.9
135.0
137.3
66.3
.
266,1
275,2
88.7
9t.l
63,6
69.2
25.0
1*9.3
1*9,6
133.3
135.1
65.0
64.2
U9.5
50.0
15.5
,.
271.3
278.8
278,5
278,2
92.6
90.6
87.8
68,7
66,9
23.9
23.6
23.6
1*9.11
136.5
61*.l*
138.1*
l*9.1t
136.9
6U,9
65.5
50.0
50.1
50.2
IU.5
li9,2
89.1*
65.8
23.6
23.7
23.6
1*8.9
138.3
139.6
136,7
65.5
65.5
65.3
50,2
50.2
50.2
15.3
15.3
15.1
15.0
139.1
65.6
65.8
66.0
50.2
50.3
50.2
15.1*
llt,9
15.5
15.0
15.0
50.2
50.2
50.2
15.9
15.8
16.0
llt.9
1'*.3
8.6
8.5
8.5
50.3
1/5.0
111.
8.5
. ,
271*,
61*
,2
21*.
April
May
June
276,7
277.5
88,5
87.1
61*,8
271*.!*
July
August
September,
277.6
87.9
278,1*
86.1*
277.5
85.9
63.8
62.7
62.1
279.9
280,2
280.8
86.8
85.9
86.8
62.7
61,6
62.0
21*
280.1
81).0
60.5
.
,,
63.5
21*.
23.8
23,8
1*9.5
50.5
50.6
51.6
51.2
11*0,1*
11*0,1*
Ilia.
2U.8
51,0
51,6
51.7
1112.3
66.0
66.1
66.2
23.5
51.7
11111.5
66.3
,0
211.3
Miscellaneous
Investors
1.1
2.3
58.1*
1956-January p,
1/
22.7
7.1
7.6
,
October, ,..,
November,, ,,
December,,,,
2/
6.5
2.5
2.2
81.1*
December,.
banlcs
State and
Corpora- local
tions 6/ govemments j/
2.5
255.3
259.5
.
savlngE
16,1
17.3
256.7
.
Mutual
15.9
,,
.
coGipanles
Savings
bonds
252.9
195'* -June
1955-January
Februai7 ,
March
accoimte U/
,,
19?l-''^un6
195? -June
December.
Insurance
Investanent
18,6
19.5
252.1*
.
Gore mm© nt
18.1*
a,
19lia-jrune
Federal
Peaerve
Banks
Individuals 5/
1*7,6
55,3
,,
Held by private nonbank Investors
Held by banks
Total
Federal
aecurltlee
outstand-
11*2.1
United States savings beside. Series A-F and J, are Incluied at current
redemption value,
Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treaaurr. For amounts siobject to
statutory debt limitation, see page 1.
Consists of ccnmerclal banks, trust coapanles, and stock savings banks
In the TMited States and In Territories and island possessions. Figures
exclude securities held In trust departments.
Holdings by Federal land banks ape Included under "Miscellaneous investors" instead of "U. S. Government investanent accounts" after
June 26, I9I17, when the proprietary Interest of the United States in
theae banks ended.
Includes partnerships end personal trust accounts. Nonprofit Instltu-
2/
p
15 .0
lit
.2
llt.9
15.3
15.
lit,
11*
,8
lit.
19.7
9.11
9.6
11.1
8.3
9.6
9.7
10.7
10,6
11.6
11.7
13.2
.2
11* .1*
lit
,9
15,0
tlono and corporate pension trust fuMs are incluled xuiler "Miscellaneous investoTB,"
Exclusive of beuike and insurance cctnpanlee.
Consists of trust, sluicing, and investment fuTcs of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings and loan asaociatlans, nonprofit institutions, corporate penslOTi trust funds, dealers and brokers, and investanente of
foreign balances and International accounts In this country. Beginning December 19^, Includes Investments by the International Bank for
Peconstructlon and Develojcient and the International Monetary Fund In
special nonlnterest-bearlng notes Issued by the U, S. Government,
Ismiedlate postwar debt peak.
Preliminary,
35
April /9J6
.TRKASUEY SURVEY OF OWNIBSHIP, JANUAFY 31, I956
The Treasury Survey of Ovmership covers securities
Issued by the United States Government and by Federal
agencies.
The banks and Insurance companies included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
the United States.
Data were first published for
March 3I, ig"*!, In the May I9U1 "Treasury Bulletin."
Section
I
-
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June 30
and December 31. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March IS^k-
Bulletin for quarters beginning December 3I,
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par valves - in mllLLona of dollars)
igM-q.
Treasury Bulletin
36
.TKEASURY SURVEY OF OWNERSHIP, JANUAEY 31, I956
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Far values
-
in millions of dollars)
April
m(}
)
Treasury Bulletin
3«
.TREASURY SURVET OF OWITESSHIP, JANUARY 31, 1956
Section II
-
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Far valoeB - In Billions of dollars
April
19%
39
,
MABKET QUOTATIONS OK TREASURY SECURITIES, FEBRUARY 29, 1956,
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter cloelng bid quotatlone in the New York market
as 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 securities listed Include all regularly quoted
quoted In the market.
for the last trading day of the month,
Table 1.- Treasury Bills (Taxable)
Amotnt
ko
April
19%
1+1
MAPKET QUOTATIONS ON TREASUPY SECUKITIIS, FEHRUAPY 29, 1956.
111
o
O
CM
o
o
Treasury Bulletin
1+2
-AVERAJE yiKLDS OF ir)NG-TE3W BONDS.
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per aaaun)
Taxable
Tl*eaaiir7
bonde 1/
Taxable
Treasury
bonde 1/
Moody's Aaa
corporate
bonds
Annual series I9U2 through 1952
191*2.
2.1(6
19't3.
2.U7
2.U8
2.37
iglA.
19^5.
-
Taxable
TreaeuiT
bonds 1/
Moody's ^.aa
corporate
bonde
calendar year averaees of monthly eerlea
2.83
2.73
19l<7.
2.19
2.25
2. 72
191*8.
2.1*1*
2.62
191*9.
2.31
1946.
Moodj'a Aaa
corporate
boada
2.53
2.61
2.82
2.66
1950.
1951.
1952.
2.32
2.57
2.68
2.62
2.86
2.96
.
Apr/1
'^}
19%
AVERAJE YTEIDS OF LONG-TEIW BONDS
2
I
O
^c
3
i5
lb
<0
Si
:i«
^
Treasury BuUetin
n-i;
.imraMAL REVENTJE COLLECTIOHS.
Table 1.- Summary by Principal Sources
(In thouaande of dollars)
Budget
receipts
Fiscal year
or manl^
trccL
Internal
revenue
Total
MJ\istaaent of collections
collections
reported by
to Ijudget
Internal
receiptfl 1/
Rerenue
Service
Individual
Corporatlcn
Inccane and
profits
taxes
191(7
39,379,1(09
9,676,1159
1(1,853,1(85
+271,023
-11,057
39,108,386
191(8
I9I19
1(1,861., 51(2
10,17li,lilO
1(0,307,285
-155,81(0
110,1.63,125
U,553,669
1950
1951
39,lil(8,607
+1(91,1(75
38,957,132
10,854,351
51,106,095
+660,1(09
50,lili5,686
111,387,569
1952
1953
«5,63l*,89li
-.625,308
65,009,586
69,686,535
69,919,991
66,288,692 5/
21,1.66,910
21,5911,515
21,51.6,322
I95I1
y
70,299,652
1955
66,288,692
70.170,9711
1955^uU
,
2,801,230
..Ii3li,li39
-1379,661
-186
-329
2,801,1.16
5,1.03,908
5,915,ll»9
18,261., 720
51.7,085
Individual
Inccofi tax
not withheld 2/
Old-age
Insurance
taxes
9,842,282
10,055,502
9,888,976
13,089,770
1,458,934
1,612,721
1,687,151
1,873,401
2,810,749
379,555
560,113
562,734
548,038
579,778
185,876
208,508
226,228
223,135
236,952
17,929,047
21,132,275
22,077,113
21,253,625 5/
3,584,065
3,816,252
4,218,520
5,339,573
620,622
628,969
605,221
600,106 2/
259,616
273,182
283,882
279,986
Ballroad
retirement
^
Ttaamploy-
ment
insurance
33,738,370
37,254,619
37,921,314
37,869,770
11,345,060
11,403,942
10,736,578
10,396,480
1,377,399
4,131,592
3,868,030
277,418
114,674
1,684,684
1,082,063
3,916,372
2,122,696
84,0311
59,882
2,433
15,711
768
179,957
94,426
350,034
1,279,762
3,729,077
2,106,708
16,060
84,769
54,691
3,859
14,014
1,156
2,152,316
1,101,560
17,300
31,850
October,,
Hovember,
December,
2,763,2115
2,763,2115
5,222,885
li,81iO,772
5,222,885
U,8ko,772
1,1*9,271.
1,481,638
3,922,284
2,512,590
1956-Januai7,,
U,580,lli6
l.,580,11.6
tel.,087
3,303,026
391,600
292,961
Individual
inccine tax
withheld i/
9,501,015
9,464,204
7,996,320
7,264,332
9,907,539
5,1(03,579
5,915,6611
327,903
1,099,882
tax and employment taxes
21,367,662
23,379,123
20,527,935
19,797,883
26,624,788
At^ust. ..
September
•+515
ijiccoDS
U,533,577
y
15,484
April
19%
^3
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
1941
43
45
47
49
)
•
)
.
Treasury Bulletin
^^6
.INTERNAL REVENUE COIXECTIONS.
Table 2.- Detail of Collections by Type of Tax
(in thousands of dollars)
195lt
Corporaticoi InocDie and profits taxes
....•••..
Seventh month of
fiscal year
First 7 months of
fiscal year
Fiscal year
Type of tai
1955
(January 1955)
1956
1955
1955
si.si^.ass
18 ,2611,720
11,121,557
10,9116,578
10,72ll,120
li, 562,01*2
1956
(January 1956)
l*,53g,791
35l*,629
ll2 11,087
1*,853,509
2,239,01*8
2,152,316
930,0119
171,511
Individual Incane tax and flanplcQment taxes:
IhccDe tax not withheld l/
Incane tax withheld and old-age insurance: 2/
Beoelved vith returns .•....,....•..
•
Uidlstrlbuted depositary receipts
Railroad retirement:
Fecelred vlth returns •...•.......••.....
Undistributed depositary receipts
Itaemployment Insurance
26,085,633
^
605,221
^
283,882
Total individual InccDS tax and employment taxes
Estate tax
Gift tax
25,673,1*90
13,1*81,251*
15,099,035
962,71*1*
592,068
50,31*5
239,201*
3lt,193
597,262
298,183
31l*,526
1,008
1,025
2,81*4
1*0,631
15,1*07
16,271*
279,986
70,892
20,U93
69,792
30,903
31,850
18,503,31*7
20,596,559
3,283,303
3,303,026
1166,1183
535,180
59,175
7l*,375
15,81*5
9,956
3,1*26
3,632
15,967
107,729
37,921,311*
37,869,770
863, 3'A
81i8,li92
71,778
87,775
y
Excise taxes:
Alcohol taxes:
Distilled spirits (ijnported, excise)
Distilled spirits (dGmeetic, excise).....
Distilled spirits, rectification tax
Wines, cordials, etc. (ijnported, excise)
Wines, cordials, etc. (danestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes).
Stamps for distilled spirits Intended for
Case stamps for distilled spirits bottled
Ccntalner stamps
•
Floor taxes
Fsmiented malt liquors
Brewers; dealers in malt liquors (special
230,566
21*2,81*8
150,1*52
165,621
13,818
l,61i3,061»
1,627,752
23,867
953,378
1,011*, 580
97,31*1*
2,327
231
alt
,951
lt,152
7l*,527
15,1*06
ll*,67l.
1*,689
2,980
77,135
113,1*98
3,321*
1*7,190
16,977
8
519
6,213
11,975
18
517
6,138
55
737,233
1,1*58
ii,oe8
357
5,328
10,1*55
287
175
111
35
Il20,lll3
lil*l*,5l*0
manufacturers
16,1*27
export
In bond
31
1,088
13,013
306
5,132
5,51*1*
1,358
3,261
U
11
38,365
255
2,783,012
2,71*2,81*0
1,609,171*
1,703,680
156,671
179,361
1*5,575
1*6,199
3,289
3,1*01
1*6
26,689
29
27,01*2
1*2
769,771*
taxes)
Total alcohol taxes
Tobacco taxes:
Cigars ( large
Cigars (small)..
C igarettes ( large
Cigarettes ( small)
Snuff
Tobacco (chewing and smnlrtng)....... ..................
Cigarette papers and tubes.
Leaf dealer penalties, etc
Cigarette and cigar floor taxes
Total tobacco taxes
27
6
1*8,282
60
5
5
*
1
5
6
u
3
858,a2U
2,168
9,352
U58
8
892,669
2,213
8,671
126,023
310
13l*,277
1,513,735
3,925
16,250
695
1,50U,191
3,909
16,155
693
1,311*
1,220
Il62
62
53
1
69
12
2
1,580,229
31*9
6
30
1,571,213
897,532
931,162
131,003
139,337
2,636,268
71,519
65,512
Other excise taxes.
5,153,99a
1*,789,195
2,372,12U
Total received with returns and froa sale of stamps ........
Ubdlstributed depositary receipts 3/
TJnclassified advance payments
9,517,233
9,103 ,2U7
113,298
1,389
11,878,831
5,1*71,110
359,193
381*,210
310,812
38l,U9
295,81*7
390,621
196
Total excise taxes
9,517,233
9,217,931*
5,l89,61t2
Total collectiona reported by Internal Bevenue Service
MJustsnant to budget receipts 6/
Budget receipts frca internal revenue
69,919,991
66,288,692
*379,66l
70,299,652
Source: Internal Revenue Service reports for detail of collections by type
of tax; "Mcnthly Statement of Receipts and Expenditures of the ttilted
States Govenment" for budget receipts frcni Internal revenue. Certain
detail by type of tax is available only en the basis of returns filed
with the Internal Revenue Service. The figures shown include collectlcos for credit to special accounts for certain island possessions, as
reported by the Internal Revenue Service. Beginning with the fiscal
year 1955, they Include the amounts of tax collected in Puerto Rico on
serchajKLlse of Puerto Bican manufacture ccmiii^ into the tJhlted States.
Figures for I95I+ have been revised to the same basis.
imposed by
1/ Incline old-age Insurance tax on self -employment Inccne,
73l*), approved
the Social Security Act Amendments of 1950 (Public law
August 28, 1950. The tax is levied and collected as part of the
individual income tax. For estimated fiscal year breakdown, see Table 1.
2/ Withheld Inccme tax and social security employment taxes on employers
and employees are paid Into the Treaauiy in combined smounts, pursuant
to the Social Security Act Amendments of 1950. For estimated fiscal
year breakdown, see Table 1.
effective July 1, 195*, tax payments
i/ IJ^er revised accoaitlng procedures
made to banks imder the deposltai? receipts system are Included in
5/
28,296,875
B05
5,853,035
31,527,521
28,287,1120
655,01*0
775,027
11,355,573
l*,58o,ll*6
-1,1*50
-9,1*55
66,288,692
2]
31,527,521
1*,35'*,123
li,58o,llt6
Internal Rsvenua Service reports of collections In the mcnth in which
the depositary receipts are Issued Instead of the mcnth In which tax
returns supported by the depositaiy receipts are received in internal
revenue offices, as was the previous practice. The "TSidlstrlbuted
depositaiy receipts" included In the collections represent the amount
of depositary receipts issued during the period less the amo\At received with tile returns. In the case of excise taxes. It is not
possible to classify the depositary receipts by type of tax until the
returns are received, Accordli^ly, the amount of such undistributed
depositary receipts is included only in the total of excise taxes.
Itoclasslfled advance payments were Included with undistributed depositary receipts prior to June anl the fiacal year 1955.
Includes $16,116,000 advance payiaents of estate and gift taxes not
further classified.
Included with undistributed depositary rsoelpts prior to Juie 1955.
See Table 1, footnote 1.
Less than $500.
,
April
U
. .
^7
19%
.MOPTETABy STATISTICS,
Table 1.- Money in Circulation
(In
mlHioos of dollare except
ae noted)
Paper money
of fiscal
year or month
Ei»l
Total
money In
circulation 1/
OoU
Total
paper
ncney
27,903
1948
19't9
Icatee
2/
26,1*82
26,0311
'•5
25,661
26,231
1*1
•3
1950
1951
1952
27,156
27,809
29, 026
1953
igsu
1955
30,125
29,922
30,229
28,359
28,127
28,372
37
35
I95U -December.
30,509
28,675
35
27,3'»8
Treasury
notea of
1890
a/
Silver
certlfIcatea
certlf-
39
38
3i»
y
99
93
86
81
77
353
309
23,1*56
21* ,605
21*3
2,122
2,135
2,170
318
320
319
25,609
25,385
25,618
200
180
163
70
67
311
25,91*5
171
68
2,1'*3
317
317
316
25,61*1.
25,717
25,806
161
160
158
67
66
66
318
319
31''
25,936
26,3U0
26,506
157
156
155
66
66
66
306
311
25,720
25,628
15lt
65
65
3".
2,155
28,1*39
Sit
Sept<ciLber
30,1122
3"*
October.
Norenber.
December.
30,559
30,993
31,158
28,535
28,660
29,072
29,231
2,ll«3
2,15l»
1956 -January..
February.
30,228
30,163
28,331
28,263
31*
2,lU8
2,156
2,155
2,052
2,071
3"*
y
National
bank
notes
23,600
23,209
22,760
28,379
3U
Federal
Peserve
Bank
notes
321
319
321
318
318
30,2Ut
30,317
3"*
Federal
Peserre
notea
2,061
2, 061
2,177
2,092
2,088
1955-July
August...
3't
United
Statea
notes
271*
221
73
152
Honey In
clrcxilatlon
End of fiscal
year or month
Total
coin
191*9.
1950.
1951.
1952.
1953.
1951*.
1955.
1951*-December.
1955-JuU
Auguat ....
Septeonber.
October...
November.
December.
1956 -Janufliy .
February.
per capita
(In dollars)
3I16
190.31
355
361
378
393
181*. 33
919
161*
91*0
1,578
1,678
170
180
191
965
1,020
1,093
1,150
1,165
1,202
188.72
202
212
223
1*13
1,766
1,795
1,858
1*19
l8i*.2l*
1*33
182.93
1,186
186.
218
1*29
1,831*
221*
1,206
1,213
1,219
1*35
1*39
182.75
182.89
1*1*1
183.21*
1,865
1,878
1,88-'
226
227
1,229
1,2U5
1J*3
1,900
1,922
1,927
228
229
231
1,21*6
1*1*9
230
231
1,221
1*1*5
1,897
1,900
1,221*
1*1*5
Money.
^
.
Source: ClrcuXatlcn Stataaont of Utilted Statea
,^
money held by or for the account
1/ Eicliiee money held by the Treasury,
estimated to be
coin
and
agents,
and
Banks
Reserve
of the Federal
Itolted States.
T^J^f<"
held outside the ccntU^ntal limits of the
of the Uilted
paper currency held outside the continental limits
2/
Subsidiary
silver
Minor
coin
156
1,1*21
1,1*59
1,1*96
191*8.
standard
silver
dollare
States.
In 1933.
Gold certificates were vlthdrawn from circulation
2/
I*/
5/
r
1*1*8
^
179.03
180.17
184.90
183.78
186.13
186.87
iBl.Ol* r
180.1*3
being canceled and retired
Treasury notes of I89O In circulation are
upon receipt by the Treasury.
notes are covered by
Federal Keserve Bank notes am national bank
of "^l^"*-.
deposits of lavful money and are In process
,„_^
Bureau of the Census.
Based on latest population estimates by the
Revised.
)
.
Treasury BaUetin
ks
.MOIIETAPY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar enounts In millions]
Batio of silver
Oold
Ead of flBcal year or month
($35 per
fine ounce)
19'»8
19't9
23,532.5
1950
1951
1952
2I*,230.7
23,3''6.5
1953
22,1|62.8
195''
1955
Sll»er
($1.29+ per
fine ounce)
to gold end
silver In
monetary stocks
( In percent
3,571.0
3,618.3
3,671.5
3,718.5
3,768.5
13.2
12.9
13.2
1U.6
13.9
3,8lU.3
3,863.1
3,922.*
l'i.5
21,927.0
21,677.6
195'*-Dec ember.,
21,712.5
3,886.6
15.2
1955-July
August...,
September.
21,682,0
21,681,8
3,923.9
3,921.3
3,918.6
15.3
15.3
15.3
15.3
15.3
15.3
2lt,li66.3
21,755.9
21,6^.7
15.0
15.3
October. .
November ..
December.,
21,685,8
21,688.1*
21,690.11
3,923.5
3,923.3
3,930.1
1956 -January,,,
Pebruiuy.
21,692.9
21,695.2
3,938.7
IS."*
3,9''2.1
15.11
Circulation Statement of United States Money,
silver monetary stock see Table k.
Source:
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In mllllcos of dollars)
,
April
1^9
19%
.MONBTAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In mllllcfu of dollars)
SllTor
B^
of c&landar
year or nontb
heM
In
TnucOT
SllTor
bullion 2/
Silver
dollars
Subsidiary
coin i/
1950
1951
1952
1,971.5
2,003.2
2,0U0.7
2,073.5
2,109.7
328.1
321.9
312.8
301.0
289.3
5.9
U.li
3.6
1.7
3.9
1953
2,11(0.8
195lt
2,171.1
278.3
267.6
253.5
I18.O
I9W
19't9
2,19U.li
1955
Silver outside
Treasury
In Treasurer's account
Seoorlng silver certificates 1/
Bullion for
recolnage k/
Bullloo
at cost
971.5
982.2
1,022.2
1,083.1
1,158.1
3,596.7
30.7
11.0
17.6
213.2
223.1
1,213.1
235.''
1,2^.2
3,837.0
3,886.6
3,930.1
228.8
2/
95.1 2/
82.0 2/
9lt.lt
1(5.3
15.7
Subsidiary
coin a/
165.0
171.0
179.8
191.3
202.5
89.3 2/
6.3
Silver
dollars 1/
Total
silver
at »l.a9+
per fine
ounce
l,2lt2.7
3,61*3.1
3,697.1
3,71*1.3
3,79l*.l
2,189.5
2,191.7
2,192.2
261.3
258.6
256.7
28.8
26.9
23.3
.7
18.7
.5
15. "•
231.lt
1,267.3
1,269.3
.1
12.9
232.2
1,2711.7
3,923.9
3,921.3
3,918.6
2,19lt.0
255.7
25't.8
.1
.1
233.2
2, l9U.lt
2, 1911. It
111.3
23lt.l
253.5
20.3
17.9
15.7
ll».5
October...
Horember.
December.,
.3
17.6
235.1*
1,277.9
1,280.1
1,283.2
3,923.5
3,923.3
3,930.1
253 ."t
252.6
16.2
15.2
21.6
21.6
1,281). 1|
2,19U.9
2,196.6
235.l»
3,938.7
1956 -January..,
236.3
1,286.8
3,91*2.1
1955-JuU
August.,.,
September.
FebruM7.
Circulation Statement of tjhlted States Money; Office of the
Treasurer of the Ualted States.
Talwd at $1.29+ per fine ounce.
Inclules Oliver held by certain agencies of the Federal Ooremnent.
Source:
1/
2/
i/
y
t^
Val\»>d at $1.38+ per fine ounce.
Valued at $1.36+ per fine ounce or $1.29+ per fine ounce according
to »betber the bullion Is hold for recolnage of subsidiary silver
coli» or for recolnage of otandairi silver dollars.
9
)
6
7
5
3
7
5
»
3
Treasury Bulletin
50
.MDKETAEY STATISTICS.
Table 5.- Seigniorage on Silver
(Cnulatlve Tram Jannaxj
1, 193^ ' iQ
llllona of dollars)
Sourcea of sal^nlorae* on ellTer bullion roTaluad 1/
taA of calendar
7«ar or aontb
1935
1936
1937
1938
1939
I9W)
I9UI.
1948
19*3
19W»
19'*^
191*6
mi
19'>8
19't9
1950
1951
1952
1953
,
Selgnloraga
on coins
(allTer and
minor)
Nlac. allTar
(Incl. Bllrar
bullion held
June 111, 1931)
>evlj Blned
allver (Proc.
Dec. 21, 1933)
31*.
326.2
1*22.1
397.5
31*.
1*8.7
1*8.7
71*.
1*57.7
31*.
87.3
l*.2
530.7
31*.
508.1
616.0
705.6
758.8
950.6
122.2
182.1
1*8.7
ffr.6
25.7
562.7
31*.
759.1*
1*8.7
1*8.3
580.1*
31*.
2115.7
1*8.7
31*.
1*8.7
63.6
65.3
581*.
299.6
362.3
87.6
87.6
87.6
87.6
581*.
31*.
65.1*
58i*.3
3l*.7
799.7
818.9
830.6
aso.7
701.6
832.1
832.1
832.2
833.6
3l*.7
1*8.7
U8.7
1*29.5
It91.9
1*8.7
1*8.7
520.5
559.2
578.7
1*8.7
1*8.7
1*8.7
596.6
1*8.7
61.2.3
6911.2
1*8.7
1*8.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
93.5
101*.
1,01*8.2
967.3
717.3
333.2
161.2
31*.
938.1
1,069.6
1,077.6
1,087.8
1,098.1
31*.
1,109.3
IU.7
31*.
i,n9.2
31*.
1,130.0
1,139.3
3"*.
31*.
31*.
11*6.8
129.9
127.2
3l*.7
1,11*8.1.
6.6
833.6
31*.
1,155.1*
ll*.3
87.6
87.6
87.6
11*9.3
833.
833.
833.
31*.
1,153.9
150.0
150.1
3l*.7
31*.
l,15l*.6
l,15l*.7
12.7
10.6
9.7
150.7
150.8
150.8
833.
833.
833.
31*.
1,155.3
U.3
3'*.7
11.5
31*.
1,155.1*
1,155.1*
150.9
833.6
31*.
1,155.5
17.1
October,,.
80l».9
1*8.7
Ifoveaber..
805.8
807.0
1*8.7
1*8.7
87.6
87.6
87.6
808.2
1*8.7
87.6
1*8.7
a*.
1,055.8
1,089.0
150.8
1*8.7
1*8.7
71*.
51*1.6
11*3.8
1*8.7
1*8.7
65.5
66.5
271*. 9
833.
833.
833.
833.
833.
801.5
802.3
803.6
..
Potential
eel^nlorage on
•liver bullion
at cost In
Treaaurer'a
account 2/
31*.
W.7
1955-Julj
Auguat., .,
Septeaber,
1956-January.
193't
Total
aelgnlorage
on allTer
revalued
226.2
302.7
366.7
1*8.7
W.l
1955
December..
1939,
aid
HatlcDallsad
Oliver
(Proc. of
Aug. 9, WS"*)
16.8
36.0
58.0
18.5
63.7
69.5
91.7
1*8.7
,
Juljr 6,
Silver Purohaae Act
of June 19
Juljr 31, 19U6)
7l«.2
792 .9
807. f>
I95I1
Revly Hlnad
flllTar (Acta
Source: Bureau of Accoiaita.
1/ Thaae Itaaa represent the difference between the coat value axd the monetary
Talua of allver bulUcc revalued and belli to secure silver certificates.
111*.
125.1*
13i*.7
2/
31*.
81.9
57.2
3l*.9
11*.
The figures la thla colum are not ctBulatlre; aa the aaotmt of
buUlon held ohaages, the potential aelgnloraee thereon changea.
April
51
mb
.CAPITAL MOVEMENTS.
pages ^b-^1-
the
Data relating to capital moveraente between
Executive
oountrles, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonflnanclal concerns, Is published quarterly In the January,
Table 2.
April, July, and October Issues of the Bulletin.
initially to
consolidated figures to the Treasury. Beginning April igS"*.
possessions
data reported by banks In the Territories and
published data.
of the United States are Included In the
reported by
long-term foreign liabilities and claims
reserves
gold
estimated
Table
and
3,
banks and bankers,
covers
The term "foreigner" as used In these reports
the
outside
domiciled
Individuals
and
all Institutions
the
United States and Its Territories and possessions,
and International
and dollar holdings of foreign countries
June,
institutions, are published quarterly In the March,
wherever
official institutions of foreign countries,
International
and
located,
such institutions may be
"Short-term" refers to original maturities
organizations.
and "long-term" refers to all other
less,
of one year or
reporting
A detailed discussion of the
maturities.
definitions
and
coverage, statistical presentation,
195"^
presentation
The first three sections which follow are published
monthly. They provide summaries, by periods and by
Information
Treasury regulations promulgated thereunder.
principal
covering the principal types of data and the
regularly
published
countries Is reported monthly, and Is
Is
Information
Supplementary
in the "Treasury Bulletin."
banks,
Reports
by
Intervals.
frequent
published at less
Industrial
bankers, securities brokers and dealers, and
are made
and commercial concerns In the United States
forward
which
Banks,
the Federal Reserve
appeared In the June
In
Introduced In that Issue, not all breakdowns previously
published will be exactly comparableto those now presented.
been collected
Unltea States and foreign countries have
of January 15,
Order
6560
Executive
elnce 1535, pursuant to
Order IOO33 of February g, 19'*9. and
19311,
*s a result of changes
September, and December Issues.
Table
"+,
foreign credit
semiand debit balances In brokerage accounts, appears
Table
Issues.
5,
September
and
March
annually in the
liabilities to foreigners In oountrles and
short-term
banking Inareas not regularly reported separately by
Issue.
April
the
stitutions, Is presented annually In
Issue of the "Treasury Bulletin,
Summary by Periods
and Foreign Countries
Table 1.- Net Capital Movement between the United States
. net ootflow of capital frag the United States)
liidlote
figures
neg.ti™
dollars;
of
mllilons
(m
Section
I
-
Analysis of net capital morqment
Calax^ar year or moath
Het
capital
nLorenient
Transactions
In donsstic
securities
Short-tem
bankmg
Total
ftmdB
5,253.2
622.6
1,273.5
U52.8
1,056.6
1935-'H.
19lt2
19W*....
ig"*?....
-8(J3.0
3''5.5
19W....
igitT....
Changes in claims on foreigners
caiaages In llabllltleB to foreigners
626.7
3,661.3
532.5
1,207.1
U3I.I
1,166.3
3,03't.6
li85.9
1,279.'*
210.7
-113.1
-752.6
-Ul8.lt
-331* .2
51.7.2
636.2
601.5
-100.0
1,026.6
-89.1
-192.2
75.2
1.6.6
27.8
1,179.3
220.U
1950....
2IA.7
193.8
1,7^9.6
M>9.3
-eU.8
1,971.2
73.1
1,558.8
1,090.9
657.'t
-581..
1951....
1952.. •.
1953....
-37^.3
1,260.6
1,162.8
1,21*3.9
1,102.1*
311*.
61H.0
1,161.2 r
l,U23.'t
1,31*1,6 r
l,27U.l
657.8
113.2
63.6
3W).0
75.9
81.0
330.1
223.2
3.6
-98.2 r
238.8
107.8
1U8.2
19W....
19"»9....
195"*.-..
1955 p..
1955 -July
August
September.
October. ...
HoreBber.
December p.
.
1956 -January p..
U5.5
-1I1.6
r
gitU.U
-11.5
1*9.3
683.8
2l».2
51.7
-9lt.U
175.'*
292.5
37.6
233.9
68.9
-63 .U
-62.3
136.1.
1..9
:
1.7.7
11.7
1,591.9
9U
2
.,
7
3
r
Treasury Bulletin
52
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(PoeitlcEi at eod of period In
tbi
lUnna of doUare)
Short-tena liabilities to forel^oere
Ttv\
Payable In dollare
of calondar year
or month
Forel^
Other
foreign
official
V^
,205."»
2,2llJ*.l*
1,91*7.1
19^3
19Wt
19^5
,37U.9
,596.8
,883.1
3,320.3
3,335.2
1»,179.3
3,01*3.9
2,036.7
2,239.9
2,678.2
2,922.0
1,832.1
2,972.7
Internatlooal
Short-term claims on forelgnere
Payable in dollarB
Payable In
foreign
currenclea
Loans to
foral^
13.9
17.9
21.6
25.5
21*6.
1*73.7
1*0.6
257.9
329.7
392.8
708.3
2,262.0
1*9.7
91*8.9
1,861*.3
70.1*
1,657.8
1,527.8
51.0
1,018.7
827.9
898.0
19l<£
,1*80.3
1.9-7
191(8
19't9
,U6.1t
718.0
;6l8.0
2,^6.3
2,91*7.0
,61*4.8
2,906.1
3,620.3
3,001.0
1950
1951
3,1*51.7
,302.2
3,51*7.6
1*
,01*1.2
1,61*1.1
72.2
968.1*
1952
1953
,5l»6.1
l*,65l*.2
5,666.9
1,581*.9
1,629.1*
61.U
U3.7
1,01*3.7
,61*8.1.
1*,2U5.6
1*,308.U
195l»
,922.5
,580.3
6,77'>.0
1*,335.1<
6,91*2.1*
1*,
716.5
1,769.9
1,881.1
1*3.2
1*0.3
1,386.5
1,539.3
13,11*1.7
13,01*7.3
6,658.0
1*,
1,860.8
1,858.6
1,1*16.1*
1*,
578.0
596.3
1*1*.B
6,552.1*
1*0.0
1,1*28.9
13,339.8
6,806.0
1*, 61*5.
1,81*1* .2
1*3.7
l,liOl*.0
l*,8ll*.6
1955 P
I955^iay
August ....
September.
l*l*.9
.,
13,573.7
6,890.3
6,961.3
1,825.1*
51.2
13,61*2.6
1,1*28.2
1,1*73.2
13,580.3
6,91*2.1*
I*,
716.5
1,822.6
1,881.1
l*i*.l
p.
1*0.3
1,539.3
1956-Januai7 p.,
13,716.7
6,975.1
l.,832.8
1,867.1*
Ul.l*
1,509.1
October. .
November.
l>ecember
72.0
11*3.7
30.9
86.1*
137.2
169.7
3l*.l*
100.3
319.6
21*5.0
1*7.5
290.5
98.1
292.9
361.2
222.7
151.1
177.2
1*90.6
165.1*
100.1*
105.1*
122.9
156.5
206.5
90l*.5
l*,806.8
baD]£B
I
I
Payable In
foreign
currencies
5l*.6
557.1
U9U.3
506.3
21*0.6
699.1*
91.8
81*7.5
61*6.5
110.8
78.1*
969.0
1,061.1 r
101.6
211.0
163.9
231.9
262.3
253.3
1,01*1.1*
11*3.2
1,029.8
1,015.1
136.8
135.6
271*.
1,022.9
298.3
1,01*7.7
311*.
l,06l.l r
131.3
127.3
163.9
317.8
1,076.9
lll*.i*
311* .3
Preliminary.
Bevlaed.
p
r
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In mllllcns of dollars; negatlTe figures indicate a net outfloir of capital frcm the Iblted States)
Corporate and other
S . Gu veiiiuient bonds
and notes 1/
TJ.
Calendar year
or month
Het
purchases
Purchases
1935-1*1
396.82/
1*92.1*
191*2
16U.2
191*3
21*1.3
I9W*
191*5
513.6
377.7
138.5
170.6
268.2
191*6
1*1U.5
681*.
3l*lt.8
283.3
330.3
333.6
294.3
191*7
191*8
393.1'
191*9
282.1*
1*30.0
1950
1,236.1*
1951
673.6
533.7
1,356.6
61*6.0
800.9
1,338.1
7S8.0
792.7
809.1
1*7.8
23.9
180.6
2l*.3
1952
1953
1951*
1955 P
1955-Ju:j
August
September..
October...
Horenber...
December p.
1956 -January p..
1/
2/
2/
Bmds 2/
231.1*
W.7
33.0
21.1*
35.0
132.2
29.7
38.5
86.1
33.9
34.5
3/
-95.7 2/
25.7
70.7
245.3
-15.7
Net
purchases
H
H
H
H
2/
H
H
2/
H
H
2/
Total
sales
Het purchases of
dauestic
securities
430.2 2/
96.4
151.6
136.9
260.2
841.6 2/
75
194
171
357
-411.4 2/
20.9
-43.0
-34.6
-97.4
9,322.1
260.6
392.9
650.4
637.9
8,695.3
214.0
365.2
439.7
751.0
626.7
46.6
27.8
210.7
-113.1
432
376
514
375.3
664.0
-64.5
-150.6
-144.3
-21.2
1,U6.3
659.9
844.4
708.9
1,066.6
-334.2
-69.1
-192.2
75.2
944.4
-269.7
61.5
-47.9
96.4
942.1
107.7
108.3
-.r
367.6
226.1
369.7
354.1
666.9
2.9
762.1
570.9
652.2
784.1
2,011.1
-683.0
302.3
-as.o
8.2
529.0
120.0
200.1
212.8
289.7
323 .2 r
141.6
188.5
197.4
283.6
296.0
-21.6
11.7
15.3
6.1
27.3 r
739.6
650.2
589.1
1,115.1
1,561.2
619.5
649.2
533.9
980.2
1,433.7
120.3
1.0
55.2
135.0
127.5
1,533.3
1,384.0
1,447.9
2,205.7
3,222.6
2,117.6
1,069.0
1,459.4
2,056.4
2,538.8
-564.3
314.9
-11.5
149.3
683.8
23.9
156.3
11.7
17.8
19.0
29.9
21.3
17.5
-3.5
1.6
26.1
3.8
149.1
115.8
150.4
117.6
98.3
128.2
31.3
17.5
22.2
214.7
315.4
225.0
163.0
140.0
187.3
51.7
175.4
37.6
-e.3
-3.5
47.4
19.1
22.3
20.5
23.9
23.6
27.0
-4.8
-1.5
106.5
102.3
124.8
120.2
117.4
121.6
-13.8
-15.1
3.2
175.3
156.4
279.3
170.4
179.9
231.5
4.9
-83.4
47.7
20.7
23.
-2.7
126.4
111.3
15.0
180.9
169.2
U.7
1*6.0
H
H
2/
Through 1949, Includee transactions In corporate bonds.
1949, included vlth transactlcas in U. S. Ooremmeut bonds and
notes.
January 4, 1940, throt^ December 31, 1941; the brealcdovn betveen stocks
Throi^
Net
purchases
Total
purchases
and bonds is not arailable for earlier yeare.
Preliminary.
BsTlsed.
J
I
April 1956
53
.CAPITAL MOVEMENTS.
5^
Treasury Bulletin
.CAPITAL MOVHtESTS.
Section II - Sutranary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Poeltloo at end of period in mllllona of dollaraj
Covatrj
^
April 1956
55
.CAPITAL MOVIMENTS
Section II - Summary by Countries
2.Short-Term Banking Claims on Foreigners
Table
(Position at end of period In allllons of dollars}
Count27
r
Treasury Bulletin
56
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In tbouUDde of doUare; negative flguree IMlcate net salee
l>y
foreigDere or a not outflow of capital frcm the tinlted States)
Calendar year
1955
Country
1951
Europe;
AuBtrla
BelglUD
Ctechoelorakla
Deonark
Prance ...................•
Gennany, Federal Republic of...
Greece
Italy
Netherlande
Norway
Poland
Portugal
Bunanla
Spain
Sweden
Switzerland
Turkey
0. S. S.
1S52
l.,060
l.,869
-29
1,813
-581
2
1,800
963
5,969
-12
5,1.60
-1.1,668
16,992
151.
183
-11.8
It
551
21
-11,876
5,655
-58
UOl
-80
Flnlairi
1.21
-1.88
11
1.8
Total Europe
Canada
-11.5
81
HoTflmber
December p
-7
-155
9
-55
-27
-5
-121*
126
-515
2,035
3,099
129
360
189
-101.
-16
1,921
1.90
-1.81
-6,891*
-22,17lt
-21,91.3
-21,319
-3l',339
17,695
91*5
-1,832
-222
-2,736
-1,81*9
-13,695
915
27
-356
1,901
-38,103
138
5,978
-l.,5l.2
1,1*61.
1*7,580
2,901
9,562
-3,067
1,111.
1,560
-89
1.1
-98
k
1*19
631
31*
918
U
56
1.91
2
-925
800
663
-158
-16
28e
6
102
1,012
1
-9
-89
39
2,261
-361
-3
201
80
-21
210
28
570
50,729
63
-521
57,086
-uo
21,369
70,1.31
-313
-3
287
-1,798
-1,685
8,761
811
1,711
1,553
57".
9I.6
-11
51*1
2
21*1
6
-e
-287
-1,001*
73,1*02
1,1*16
11*7,1.87
31.6
8
27,502
-19
258
19,099
55
8,139
175
-75
-6,511
2
96
7,693
16
71,258
69,766
96,025
-1,026
-8,885
1,956
-I.,l69
-3,1*31
-lU
-1,373
-181*
-186
77
3,965
-396
250
899
3,155
-1
-509
327,708
-1.5
-8
-1U9
TugoBlavla
Other Europe
393
1,582
21
3,256
-2,865
1,139
-23
-2,903
13,311
-28
-98
1,923
October
23
-J22
84
B
-22
September
Augnat
1955 P
-101
-616
1*5,897
United ElngdoB
195*
1953
9,2U5
111,1.67
62,323
138,928
•595,1*95
191,61.7
-120,617
-187,195
-962
1,268
358
281
1,138
-938
202
264,825 r
32,91*5
25,800
7.686
-6,759
-6,013
132,021
-10,052
-l*,857
-19,501
1*1,297
61
207
28
87
359
-79
69
-116
-61.
m
-171*
221
1*79
671.
31
191.
Latin America:
Argentina
BoliTia
Braill
Chile
Colombia
338
1,550
637
510
Cuba
Ddnlnlcan Republic
GuAtelaala
Mexico
Netherlands W. Indies & Surinam
1.12
-836
6,051
1,785
170
-1*25
6
2,501
3,066
2,59e
761*
-81.
-6,532
96
65
1,979
930
108
1,110
3,782
-U7I*
1,1.60
U9
638
1,115
-1,519
1*13
11,290
95
1,612
3
-27
-107
382
8
-71*
169
19
1,165
338
-5,581
189
8
1,018
31*7
-1.92
729
-131.
621.
-1,521
1,007
313
-78
-3,805
266
901*
6,719
9,271
-53
-272
-1I.I
91
580
179
-2,1.21*
21
13,339
-119
-ho
2,680
3,1.50
6,1*03
1,591.
1,W*3
3,61*9
1.36
329
IU9
53,677
621.
-3,137
2,128
1,190
3,016
Panama, Republic of
Peru
El Salvador
thn^uay
Tenet uela
Other Latin America
-10,921
2,558
2,309
1,687
3,01.1
8,025
7,1.1.5
239
Total Latin America
13,890
l.,686
2l.,859
113,179
76,166
6,710
-98
-203
-153
853
-1.01.
688
21.
-1.20
91*5
7,011.
-61.8
1,313
-1,1.32
1.2
lUl
5,393
-hOU
252
160
-69
J.9
-71.8
101
-57
-1.1
20
-2,283
5lt3
-91.
11.3
1.91
l',213
661.
256
-202
-lUl
-59
,255
81.
-571*
367
92
265
-1,267
19,385
-1,029
-1,170
-886
873
1.09
7
-1*3
21.0
703
25I.
971
11.2
1,01*2
16
23
911
233
700
13,296
-17
1,861.
k
-19
-6
11*
5,300
789
129
15
-901.
323
7
952
212
3"*
15,11*0
16
-117
1
-10
1,227
10
-18
801.
-157
198
669
583
-hk
1*3
-2
708
591*
Asia:
China Mainland
Formosa
Eong Kong
India
Indonesia
-153
I
Iran
Israel
Japein
f
••..
Korea, Republic of
Riillpplnes
i/
31.3,
1/1
1,1«2
1
3
5
15
1
1*
1*,857
258
6,951*
28
21*5
-165
3,1*51
29,121
317
6,260
1,1*97
373
2,523
168
-20
31*9
9
-1.2
-3
28
38
128
21.
21
-88
5
2
71
32
210
51*1
-21
-123
-15
2,326
6,076
750
986
11.7
-1.67
l.,753
-9,535
70
Grand total
76
3
5
251.
Total Asia
Total other countries
8
u
12
23
-lUl
758
-382
International
35
51
8
11.9
-130
877
11.
-359
2
-951.
-1.99
228
1,021
1,770
-nu
1
1
11
2
-179
1,737
599
32
-55
-11.5
51*
-11,1.22
Thailand
Other Asia
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudcn.
Union of South Africa
All other
-13
-550
-785
1,063
1,751
2i.jy
8
151*
-1,079
115
bo
99
li
123
-903
-222
17
-2
-1
3
71
-56
201.
1,1.60
1,1*77
-7W.
1,935
-«89
3,225
6,561.
595
998
-1K)1
339
-15,938
1U,7U1.
22,71.1
77,730
-20,561
2,801.
1,31.2
96I.
21.0
1,7112
-58l.,289
311.,9l*l»
-11,513
11*9,318
683,823
175,392
37,6U1.
U,872
-23, kW.
1*7,71*5
1/ Not reported separately prior to March 1951*.
p
r
Preliminary,
Revised.
April
19%
57
_ CAPITAL
Section II
-
MOVEMENTS.
Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thouaaMa of dollars; iwgatlTe figures Indlcat* net sales by foreigners or a net outflow of capital from the Itolted States)
Calendar year
1955
Country
195B
1951
Europe I
Austria
BelgluK
Czechoaloralda
549
1953
3,8lB
-303
25
DeiBUO-k
5,256
98
Finland
France
Germany^ Federal Pepublio of....
Greece
Italy
netherlande
l»,90li
13
26
1,1167
2,773
3,312
-8
-3,421
Horvaj
Poland
Portugal
Ihaanla
Spain
Sweden
1,995
1,1.89
-e8
5,309
58
-506
ho
1,170
•8,702
l,3't5
-36I.
-318
67
12,00*
2*7
5,395
-162
50
3,1*3
•^,091
2,0*8
-17
286
-73
September
-*
-23
628
2,135
1,*50
15,356
179
92
2*
51
10,725
-*,670
5,*01
*,662
1,280
60
1,351
1,783
3,991
-8*,8*1 -2*,275
10,337 -20,090
-23*
28*
399
260
10
117
-752
2,02*
10
-1*
-*,*39
-3T3
U2
1,675
166
16
-67
-1,330
-1*8
66
-31
6*
-1
-3
25,57*
1,179
-9
3
-36
-7
207
62
-285
-9
-72
-26
-163
-*87
33,620
-197
-1,332
1*,233
-85
-9
-39
1,**8
*
-375
-*l
-229
-701
-9,*63 -35,*6l
-3,338
-6,789
8,73".
'•7
6
•6
-2,0*7
-*,398
37,051
-19
-e
-1
121
2,807
-5
1,6*2
03^
-9,119 -*5,7*9
-1,31.3
TugoslaTla
Other Europe
606
752
1,131
Total Europe
28,500
19,939
96,259
•C58,567
-1*1,019
-137,761
-133,17*
116
78
501
5*
7,189
1,562
1,2*5
3,089
-1,007
127
5,35*
515
-292
77
5,5*0
51
75,10*r
-5,769
Latin Anerical
-li20
13l»
Cuba
Dominican Bepublio .•...•...•....
Guatemala .........•..•••....•.
Mexico
etherlands W. Indies & Snrinsa,
7,05*
5,388
5,239
1,281
236
66
3,96k
6,981.
2,163
l.Tl*
5,239
l«
168
'.,296
73'i
1,115
5,298
1,801.
-Hi
296
750
2,210
309
1,71V
-50
775
Panama, Republic of
Peru
El Salvador
Uluguey
Teneeuela
Other lAtln Aaerioa
Ul
Total latin America
33.836
6,031
*35
-1,558
118
5,763
3,681
1,058
6,*69
523
228
11,21*
237
1,322
-1,186
-9^
-323
5,3n
211
-351
70
5
1,202
5aa
*17
1,177
99
296
*3
V»
-391.
11.5
5,065
3*0
2,137
1,633
*96
6,299
2,753
-*30
117
12,179
*87
1,798
-1,871
-861
-36
-16
-19
12
-166
25,332
3*,599
32,760
25,6*6
2,683
Aaia:
China Nalnland
Fonnoaa
Hong Song
India
Indonesia
Iran
Israel
•...•.....•..
Japan
Korea, Bepublio of ............
Philippines
}
339
8,681
102
2
535
353
1
1,*92
109
2,358
1*0
136
".,869
27
12
-51,3^
-1.6,757
-351
9,782
1/
-*5
ll.,32*
l»,320
22
56
220
2,159
-18*
139
358
5,125
*36
18*
20
28^/
-657
-2,387
-211 -11,272
-2,78*
-3*,1*9 -*e,72*r
-l.,l.a3
IM
1,272
-36,003
•10,0*2
-29,905
Anatralia
Belgian Congo
Egypt and Anglo-Egy^ian Sudan.
Ubion of South Africa
All other
3,05*
25
222
2,519
25,959
•2
-UOi
-U
621.
-5,1.13
.,013
9,280
-5,107
*,956
Total other countrlaai
7,938
5,981
25,813
International
-152,673
-118,067
-61,236
Grand total
-376,989
-217,876
-72,231
-300,388 -e7,559r
Total Aaia
6,l>8l>
801
-8
-1*
129
-39,992 -*1,736
602r
6,232
-1/
-133
-1,9*9
25
-38,172
*,038
*3*
501
Thailand. ...•......•.•••...•.
Other Aaia
12
l.,706
llt,2l»5
Argentina
Bolivia
Brazil
Chile
Colombia
October
961
B
anted Elnedoa
Canada
-587
-6,985
Aaguat
9,209
Turkey
SwitterlazMl
3,056
7,21*
-U
282
37,30*
-18
D. S. 3.
1955 P
1951.
-1,865
51
638
Other coTgitrieei
16
U,0*2
1*,850
3
3,075
2,T62
2
2
-1
60
-19
-5,6*7 -21,796
-3*3
1,722
101
-115
-7,302
3,065
2,*53
-153,886 -26,53*
aso
-12,**0
J.,967
-1*,971
7,180
1
-310
1
5
loreiiber
.
.
58
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of
February 29, 1956
(Poaltlon In thouaanda of dollar*)
aiort-tem llabllltlea paTable In doUara
To foreign baate and official Inatltntlona
To all other forelgnara
Total
Conntrx
ahort-tem
U. S.
llabllltlea
Total
Depoelta
V. 8.
Treaaui7
Total
blUa and
certlfioatea
Sepoalta
Inropei
Aiutna
Bel«lom
CsaohoaloTokla
.'
Demark
252,983
115,109
251,196
215,958
3,000
6l,011t
27,1*56
2,31*6
6ltO
361
58,899
358
68,501
rinland
France
0»r«Bny, rsderal Bepubllo of.
Greece
itaij
;.
letherXanda
,.,.,
Icrvay
"
Polaid
Portugal
Buaaola
Spain
't't,602
1U,760
979,56't
I,'t59,6l6
177,651*
189, te8
l,'i67,oa7
187,116
798,553
183,259
2,229
772,888
167,508
25,669
1,833
128,31.3
911,805
8,195
6,610
92,152
'48,81c
1(>3,078
^edaQ
160,673
738,010
Stfltterlaad..
Tsrtej
0.3.S.S
United Eln0la
:12,586
913
67'.,923
TogoslaTla. ,.
Other larope.
9,098
268,720
Total larope.
6,306,850
Canada.
15,1*28
'•5,685
1,032,399
1,088,210
150,51*5
611,367
9,593
605
390,538
221,906
23,607
121,955
67,686
19,91*1
3
1*3,000
22,31*0
1*71
7,502
65,107
1,786
53,858
279
9,551
1,786
39,232
279
1
10,803
237
8,11*1
75
1,335
1,083
51
1,083
51,500
'*9,173
672
1,655
195
110
338
737
325
1,335
517
1,1.50
120,1*10
15l*,000
1*7
6,891.
9,1.62
597,'>28
53,505
25,529
6,699
7,902
17,131
90,676
1,060
9,1'.6
15,711.
13,61*8
8,060
1,329
'.,668
23,01.1.
7
396
33,537
1,585
10,779
21,986
367
733
26
'.,750
637
81,21*0
I83,2li6
13 '.,895
160,31*8
525
16
21., 501
261,11.2
17,380
Other
3,823
725,029
1,117,300
1,826
90,055
6,610
91,515
51,925
293,226
9,068
589
205,689
32,238
31,212
Treaaui7
bllla ai^
cartifloataa
Short-tera
llabllltlea
parable In
foreign
currenolea
97
3
33,1*96
1,585
10,662
136
37
38
1.1
1
79
11.7
931.
9,978
125,709
9,801
177
101., 196
2,521.
18,989
2,881.
2,881.
308
308
l'«,321
118,1.07
1.11.
150
109
23,21.3
8,657
256,580
7,638
50,397
1,019
59,150
1.1.1
1.1.1
11*7,033
12,131
11,503
517
Ill
9
5,622,256
1,727,021
3,326,01*6
567,169
657,590
'.e'.,621.-
137,831
35.135
27.001.
33,285
257,5'.6
180,373
73,976
3,197
6,938
673
65
721
3,103
1,186
38,592
16,325
80,088
38,587
16,311
76,165
858
21.
1*6,293
53,001.
1.6,078
52,1.16
12
3,065
215
576
635
20
2
57
7
823,726
1*22,87'*
367,567
Latin Aasrlcai
Argentina.
BollTla...
BralU....
Chile
Coloabla..
Cuba
Ooolnloan Bepnbllc
Guateaala
Mexico
etherlanda W. Indlea &
Panaaa, Sapubllo of
Peru
SalTador
n
lli2,705
10li,097
28,356
190,932
80,272
12,031
110,820
33,977
79,872
132,9't3
222,558
,[\[
TJngojay
Teneinela
Other Latin Aaerlca
Total Latin Awrlca
China MalnlaM.
Foraoea
Hoog Xoi^
India
Indoaaala
Iran
larael
Japan
Korea, Pepublle of.
"
72,1«)1
71,71.6
121*
'*1,271
306,761*
27,515
18,631*
296,11*0
27,515
3,037
16,1.99
16,1.35
li8,686
lta,5li6
29,830
19,600
5,000
6,825
103,987
78,216
93,038
ko,&kh
75,516
213,158
18,1*58
30,1*83
18,1*30
30,1*12
25,771
10,793
29,561
130,613
59,599
,
2,000,753
626
130,733
73,860
31*,
1,228,611*
l,10i*,920
36,568
29,751
to, 525
56,166
68,692
3l*,61.2
29,11*7
3'*,632
26,679
65,532
162,193
25,168
59,132
35,819
16 '•,311
23,39''
61,358
9'*3,588
16,752
58,338
923,701
82,319
83,263
261,758
21*1,672
Thallaoi
Other Aala
ll»9,3't3
11*5,681*
3'<8,751
326,509
Jtala
78,686
3,662
PhUlpplnee
Total
30,871*
13,660
57,770
, .
21*,
132,833
37,026
6l*,665
aarlxsaa.'.
86,099
150,155
37,150
1(07, 068
][
103, tel*
11,966
2,237,737
2,113,772
1,621*
101., 158
5,891
6,ll«)
l.,999
1,125
16
28
59,758
62,555
15,073
52,510
5l*,3U
1,597
125
1*0,889
36,1.27
6u
61,166
'9.875
770,331
5,651
8,119
105
3,651
77,723
3,250
1.780
10,050
71
7,700
3,995
56,780
31*2
7,278
5,065
120
10,266
66,911.
262
6,817
1,511
2,160
1,069
29,1*17
10
l*,2l*0
125,305
16,620
58,068
738,038
6,817
5,883
28,125
2,583
2,115
5,883
2,583
2,116
132
6,61.2
270
3,020
19,887
171
ll.,968
1.7.860
6,6l«
2,813
1.3
129 ,68'!
Total other oountrlea.
35l»,170
International
Onod
total.
291
1,808
70
577
207
81,319
225,356
1,000
1*0
16,276
20,001
96 1*
19,786
36,589
279,060
108,827
268
12,511
3,659
22,225
3,61.8
21,781.
323,988
65,801
123,216
121,031.
8,961
7,117
1,817
100
10,557
1.16
1.16
3,1*31.
3,1.17
16
1
'.,361
22,881*
.,358
21,869
100
915
611
28,552
3'*,639
33,601.
U6
919
2,1.07
3,820
2,320
1,500
1,81*7,11*2
1,559,993
223,938
63,211
36,906
1,723,983
3l*,938
7l*,155
26,991*
38,200
1*1,555
66,202
29,023
106,189
23,368
31,785
11,923
91,508
32,600
17,000
317,121*
1,21.9
1
1,259
1*9,286
'•1,971
3't,697
22,21.3
11.6
81*3,073
69,636
78,182
193
221
2
67
3
31,31*2
19,871.
961*
215
185,578
U,070
l*,12lt
ioe,99i*
1,875,6'tl
1,871,821
53,272
I,8l2,3'i2
6,207
13,863,361
11^977,313
5,217,61*8
5,991,717
767,91.8
3,51*1*
'
85
U
1.1.1
1.65
Othar eountrleat
Auatralla
Belgian Congo
ftjpt and Anglo-SsTptlan Solan.
Onion of South Africa
All other
16
5
11.
1.717
3, 51.1.
'
'
i
17
jii2_
1.83
3
1,313
59
April 1956
.CAPITAL M0VIMB3JTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of January 31, 1956
(Position in thouBands of dollars)
Short-term claims pajabla in dollars
CoimtiT
Total
short
ter«
claims
Foreign
official
instltutloDjB
Surope:
Auatrla
Belgitn
1.13
1,925
1,921.
iT.gitS
17,1*91*
65
12,927
3,036
65
12,835
11,1.51
92,699
9,186
90,510
3,22'.
32,311*
31,1.1.9
11,823
10,1.50
9,032
65
1,036
8,916
65
983
2
5,W)1.
S
3,816
7,128
25,926
73,635
6,696
20,te2
72,668
69,676
69,687
22,991
6,998
TtigoBlaTia
3,536
3,531.
Ottiar Europe
7,201.
7.030
3,358
1.068
Total Europe
390,065
327,291*
130,286
85,837
Cseohoslora^a
Demark
Finland
France
G«raan7, Feder&l Fepablic of.
Greece
Ital7
Nether lands
Horvay
Poland
Portugal
Bunanla
Spain
Sveden
Svitzerland
Turkey
n. S. S. K
Dblted KlngdcB
Latin America:
Argentina.
BollTla...
Brazil....
Chile
Colombia.
7,1*29
3,93".
63,21.5
Cuba
Dominican Bepublic
Guatemala ,.,,..........*..........
Mexico
Netherlands West Indies k Surinam.
3,031*
3,221*
7,273
3,931*
10,662
63,153
10,662
11.7,952
11*7,91*1
86,891*
86,670
5,111
5,210
156,333
5,111
5,220
157,1.89
1,1*1.1.
1,1*36
Peru
£1 Salvador
Uruguay
Venetuele
Other Latin America.
17,916
29,857
6,1U1
18,383
10U,097
3U,092
17,896
29,820
6,136
18,16U
Total Latin America.
699,866
696,135
China Mainland.
2,1.75
Pomoea
6,U50
3,733
2,1*75
6,1.50
Panama, Pepublic of .
102,351*
3l.,0l.g
Asia!
2,892
3,721
5,518
2,806
Jxtn
Israel
Japan
Korea, Bepublic of.
Fbilipplnes
16,61A
16,61.3
11,21.0
97,371*
1«3,261.
11,233
97,366
1,317
«),226
Thailand
Other Asia
8,190
69,735
69,31*7
266,398
265,292
Australia
Belgian Congo
Kgypt & Anglo-EgTptian Sudan.
TkioB of South Africa
All other
12,569
5,166
3,396
7,838
13,1*99
11,122
5,152
3,265
7,728
12,890
Total other countries.
1.2,1.68
1*0,157
1.529,083
l,l.l'.,715
Hong Eoog
India
Indonesia
6,o81t
Total Asia
Other countries
1,317
8,190
I
International
Grand total.
..
:
.
60
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Ix,ng-Term Securities
by Foreigners during January 1956
(In thousands
of dollars)
Purchases by foreigners
Domestic securities
Country
Europe:
Austria
Belgium
Czechoalorakla
Deomark
FlnlaDd
Fraoce
Ceisaiv, Federal Bepubllc of...
Greece
Ital;
!.!....!!!.!
Netherlai^e
Horvajr.
Poland.
Portugal
Rumania..
Spain
U.S.
Total
purchases GoTemment
bonds and
notes
9
156
2,257
391.
1,317
7lt7
157
1.8
182
198
162
12,661
300
8ae
8,261*
l,lil2
250
1,039
3,01.5
1.9
908
i*i*
311*
5,207
11
9,297
60
26
•31
13,6U
6,767
129
5
229
"•73
Turkey
U.S.S.R
Iblted Kingdom.
57,990
30
Sit, 05 It
157
2,580
150
10
365
3,285
620
7
176
171*
1
6,095
1*2
11
59
209
19
U
210
86
'1,221
l.U,676
20
3,287
3,226
1,829
6,119
292
Sveden
YugoelaTla
Other Europe
1
20
l»,li»l»
7
SvlUerland
Forei^ securities
Corporate and
other
30
5,710
870
19,526
59
...
6,517
5,050
217
56
1,163
38
1.9
Total Europe ...
l't2,891
20,856
7,169
81,070
ll*,l*3l.
19,362
123,^3
11,686
11,961*
20,777
39,313
39,71*3
66
528
32
87
21
880
55
132
20
37
30
279
1,079
176
2
Latin America:
Argentina.
BollTla...
Brazil
Chile
Colcobla
.
Cuba
Dnalnlcan Bepubllc
Guatemala
Mexico
Netherlands W. Indies I Surln
Panama, Republic of.
Peru.
El SalTador
Uruguay
Venezuela
Other Latin Jtaerlca.
Total Latin America.
707
152
1,638
1,678
388
91*
21.
696
1,150
223
5,262
188
366
3,61.1
2,293
258
103
50
52
3
186
51.
2,892
297
1,838
137
IW
1,951
283
113
21.
1»,966
1,651*
389
175
10
89
25,260
5't2
979
2,720
3,999
2,508
18,326
1,011*
3,721*
Asia:
China MaiiLlaai.
Pormoaa
long Kong
India
Indonesia
Iran
Israel
5
18
2,955
5
3
25
2,177
1.6
57
1
33
7
Thailand
Other Asia
Total Asia
71.3
98
W.7
6
95
6
387
17
7
53
51.
Japan
Korea, Bepubllc of.
Philippines
10
700
1*5
75
125
11.
U
1,625
1^
55
383
668
5,907
685
87
3,258
1,531*
I*
Other countrlea
Australia
Belgian Congo
Egypt and Anglo-Egyptian .Sudan.
Ibion of South Africa
All other
]\
Total other ccmntrlee
International.
Grand total.
..
179
35
IkU
3
1
1
17
17
266
2,779
Bk
3.2i<'i
8k
91*
1,269
302,0511
33,863
13
_11.
2,1.01
2.51*8
363
1*38
39S
1.23
20,650
126,377
59,791
9
April
mb
61
.CAPITAL MOVEMENTS.
- Supplementary Data by Countries
Claims on Foreigners Reported by Nonfinancial Concerns
and
Table 1.- Short-Term Liabilities to
Section IV
^
(Posltlcn at end of period In tboueande of dollare)
Clala. on forslgwra
LiablUties to foreigners
Coaotry
195^
Septeaber
March
SepteBtber
1955
1954
1955
Saptanbar
DMeabu'
SepteMier
ttarsh
Europe:
AuBtria
Bel^un
CEechoeloralda
Denmark
Tlnland ........
685
13,873
316
4llt
5I18
669
721.
12,2511
1U,381.
320
322
815
278
Franca
G«naaQ7
Greece
Italy
11,109
5,211
3,7'^
U,0Ji6
10,Ulli
Retherlanlfl
10,1*32
Korvay
Ftolazid
PortugaJ.
BiiBanla
.
. .
7,717
16
2,650
390
332
806
773
14,010
212
445
1,129
629
7,156
910
1,649
908
732
8,504
882
4,734
1,750
1,294
8,633
866
5,325
596
1,254
9,244
1,096
2,762
1,071
1,733
8,421
837
3,204
994
13,337
6,355
3,482
8,033
15,893
16,473
10,061
10,6U
14,520
10,585
2,634
17,320
14,795
16,971
10,223
2,759
20,674
12,275
14,532
14,609
1,992
24,610
15,412
15,423
17,520
2,399
22,192
17,466
9,237
17
3,239
400
6,312
2,129
71
1,757
129
4,375
2,200
78
1,304
llB
3,974
2,922
2,392
137
1,241
2,328
96
1,346
80
9,300
10,503
1,749
281
59,773
3,862
9,291
1,507
281
65,857
4,757
6,745
14,559
34
6,754
6,208
16,315
64
86,657
9,488
4,355
15,419
50
67,135
6,803
3,950
18,327
69,1*73
6,803
19,165
15,432
61
77,135
395
476
294
547
7,408
692
7,126
1,331
4,513
1.329
4,494
1,907
5,358
1,689
151,5U
164,513
181,593
2U,l83
212.T35
200,151
194,081
93,236
85,830
89.189
92,346r
12,733
13,011
5,106
3,545
7,425
12,810
7,222
Ik
5,681
6,807
12
13
3,11*0
4,171
424
6,384
4,381
425
6,297
5,1*31*
13,91*5
l.,865
3,1*61
4,205
8,216
12,226
8,211*
396
i»,tei
l*,998
Sveden
Svltzerland .
Turkey
a. 3. S. R...
QkUted ElQ0da
2,61*5
llt,195
1*,117
ll*,295
2,515
281
1,566
281
IH,lil9
1.8,663
TueoelaTla,.
Other Europe.
625
TI7
863
518
270
69,793
528
959
Total Kurope.
134,362
11*0,836
166,535
Spain
1,334
13,281
212
489
540
3,484
12,783
1,560
2,658
2,625
18,442
97
1,104
105
7,051
93
6,858
55
54,360
101,960
3't,991
39,051.
24,775
23,205
30,280
U,68l
1,666
lt,l«0
ll»,223
l»,685
ll*,337
4,645
1,842
10,490
5,290
4,089
4,581
1,541
11,231
5,042
5,030
13,840
677
52,261
10,649
16,115
15,664
1,076
50,023
10,690
18,105
13,713
1,029
51,438
12,431
17,667
13,579
916
44,518
12,443
19,387
14,105
1,326
42,621
9,826
19,133
14,110
1,909
1,786
26,435
15,276
2,336
1,846
26,740
16,342
1,885
2,168
29,263
15,167
1,892
3,004
29,277
13,021
2,185
2,544
27,875
Latin Anerlca:
Argentina.
Bolivia...
Bratll....
Chile
Colombia..
Cuba
Dcmilnlcan Republic ....
Guat-amala. ............
^4exlco
Hetherlands W. Indies
& Sm-lnam
'>,858
5,872
5,028
1,876
13,887
5,047
5,245
6,125
9,712
14,
ltl7
1*97
1,703
1*,187
U4
537
657
l»,9l»l
l.,008
439
593
3,134
13,540
340
705
3,938r
8,88S
332
695
4,470
796
1,01*9
1,513
2,304
2,882
858
931
965
1,638
788
Panama, Republic of.
Peru
EL ScLlTodor
Uruguay
7enatiLela
Other Latin Anerioa.
3,203
12,318
191
2,91*3
9,008
10,034
99
5,141
5,022
2,905
7,246
13,887
156
4,951
7,407
3,105
4,315
9,755
1,786
4,668
22,000
10,955
4,437
8,280
5,910
2,038
6,181
20,659
13,820
4,032
9,020
1,885
5,338
19,218
12,890
2,475
5,059
20,08l
15,057
4,092
12,477
2,024
3,905
21,331
13,363
Total Latin Anerioa.
T9,392r
81,442
192,119
198,102
199,284
201,680
190,616
8,155
1,693
715
4,330
2,033
8,143
1,531
655
4,845
2,913
8,106
1,592
941
4,603
2,579
8,109
1,444
886
4,028
2,186
8,105
492
732
7,970
2,921
6,919
5,230
14,932
154
6,291
8,322
6,168
16,934
148
7,517
6.996
6,442
16,510
303
6,990
"•,891
10,307
101
4,861
8,793
2,270
2,393
7,714
11,220
124
4,841
5,296
3,064
7U,595
71,51.5
83,135
3,313
1,269
1,116
3,308
3,71.6
2,391*
3,324
301
1,163
2,551
1,393
3,3n
U,25l*
3,346
377
1,301
1,850
2,208
1,703
1,269
8,2oe
1,422
5,065
10,985
2lB
2,994
1,987
1,740
6,750
209
3,132
5,685
1,519
6,576
15,449
109
5,398
1*,518
Aala;
China Mainland......
Formosa
Bong Kong
India
Indooeala
2,106
81.5
1,519
333
1,129
3,184
1,698
n,277
Korea, Republic of,.
Fhlllpploee
173
9:2
1,360
10,852
128
3,91*5
3,1*39
1,405
1,239
13,121
365
2,762
Thailand
Other Aala
7,5^1
6,359
7,786
7,201
7,934
7,686
7,726
7,850
8,463
7,064
4,362
10,161
6,437
9,623
5,674
1J,641
6,958
12,177
6,976
10,363
1A,383
1.3,1*90
43,591*
38,694
39,000
54,789
63,198
68,662
74,877
74,800
Total Asia
9,7l«
188
2I.9
4,430
134
8,787
281
10,615
46l
7,227
1,616
10,923
1,826
9,275
1,699
8,833
1,830
7,1*58
7,551*
2,441
8,475
7,386
3.226
7.214
7.153
26.697
Iran
larael
1,055
1,231
12,021
Japan
Other countries:
Australia
Belgian Congo
Egypt and Anglo -Egypt la
Sudan
Union of South Africa..
AH other
Total other coiintrlea..
Intenaational .
Grand total .
1/
.
183
808
88U
723
579
3,222
71*5
2,696
1,019
4,647
1,468
1,264
4,467
565
1,106
4,973
2,558
5,320
7,397
3,323
5,816
7,24a
2,247
6,059
8,275
12,351
li.,311.
10,953
16,267
17,720
24,118
29,130
27,555
28,965
505
1.172
274
341
328
333,1*60
547,027
587,717
597,766
92
300,77"*
17
309,256
22
329,014
37
309,106r
Ab reported by exporters, Ijoporters, and Industrial and coonerclal concerns In the Onited Ststee. Data exclude claUas held tbroueh nmted
Statee banks, and Interconpanor accounts betveac United States ccnpanles
and their foreign sfflllatea.
Deriaed.
598.3l*7r
1,645
146
588.300
Treasury Bulletin
62
.CAPITAL MOVEMENTS.
Section IV
-
Supplementary Data by Countries
Table 5.- Short-Term Liabilities to Foreigners in Countries and Areas
not Regularly Reported Separately by Banks and Bankers ^
(Position at end of calendar year In thouaands of doliare)
Comtry
"
1952
1953
195^
1955
Other gurope "
Albania
British dependenclea
Bulgaria
aaetem GarmAoy
Estonia
••«•..••...
.....••..•.•.
n.a.
n.a.
1,9'A
1,9".7
Hungary
Iceland
Ireland, Republic of .•..•.•.,.«.•,••
LatTla
•••••...•.•
Lithuania
..•.•.•.....
Luxembourg
Monaco
Trieste
587
616
996
3,719
12,583
l,3l>0
556
U,97U
2,570
•
l,0li3
7,538
l'^,059
1,307
399
l.,065
U,003
3,021
2,531
llt,589
I8,0li2
192
579
61k
1,237
1,886
1,001
8,877
^•,313
1,039
n.a.
371
680
1,319
n.a.
1,022
lt,81>7
n.a.
1,012
1»97
281.
1»,1^86
3,09l«
5,322
2,211
5,593
1,387
16,623
17,586
"Other Latin America"
British dependenc lea
......•.•••
Costa Rica
Ecuador
French West Indies and French Guiana.
Haiti
12,103
13, '•33
23,7lt7
17,726
586
19,035
15,313
21,236
392
9,3'^9
12,701»
Hociduraa
15,356
13,l»33
18,699
16,005
5,999
17,33'*
Nicaragua.
Paraguajr
2,187
11,625
'•,997
10,282
3,579
W,892
583
12,116
9,725
12,821
3,576
"Other Aala"
Afghanistan
British dependencies
Bunoa
Cambodia
Ceylon
Iraq
Other cotmtrleB
,
....•.•...•...•...
,
Portuguese dependencies.....
Saudi Arabia
Syria
Vietnam
3,98U
25,526
2,7'^5
5,083
19,805
23,026
13,92116
17,096
21,065
29,687
197
18,775
13,81.2
l6,92lt
llt,UO
13,761^
10,032
755
120
1U,681
1,210
n.a.
18,036
5,685
,
,
Jordan
Laos
Lebanon
Pakistan
"
...,
573
19,2'^
2,^0
,
,
15,907
11,350
7,6582/
901
2/
23,917
9,722
5,31*
18,510
20,5*5
6,923 2/
16,51*6
3,806
19,122
10,108
n.a,
1,766
1,990
6l,U7lt
79, '•86
21,539
13,131
65,323
8,l'iO
"
Brltleh dependenclea....
Ethiopia (Including Eritrea)
French dependencies
Liberia
Ubya
Rev Zealand
Portuguese dependenc lea
Spanish dependenclea
Tangier
1,606
,
,
26,976
10,297
2,295
1,572
9,139
22,285
11,817
2,967
3, '•93
2,071
6,287
210
26,680
••,997
3, '•58
The information in this table Is reported to the "fireaaury Dapartaent as
of Decenber 31 of each year. The totals will not agree with those shown
for the corresponding dates for "Other Europe," "Other Latin America,"
"Other Asia," and "Other countries" in the regular monthly series in the
"Treasuiy Bulletin." Reports have been requested only fron banke and
158
36,056
l,lt'*6
2,1.1.0
18,016
16,791
5,622
1,707
23,669
23,5*6
13,063
2,338
8,300
1,850
n.a.
5,3'^0
520
686
35,7'*6
33, '•71
bankers in the Second Federal Reserve Dletrlct, and countries have
been emitted or grouped to avoid revealli^ Individual accounts or the
foreign position of any reporting Institltutlana,
2/ Prior to 195*, data ahovn opposite Vietnam represent llabllltiea to
Indochina (Cambodia, Laoa, and Vietnam),
n.a. Not available.
April
mo
63
.
COEPORATIONS AND CERTAIM OTHER BUSINESS-TYPE ACnVITIES.
Financial atatemente of corporations In which the
United States Government has a proprietary Interest,
direct or Indirect, and of certain other bUBlnees-type
activities of the United States Government are submitted quarterly to the Treasury Department,
ance with Budget-Treasury Regulation No.
J,
In accord-
Issued under
and application of funds, which are published In the
'Treasury Bulletin."
The balance sheet tables for December
appear In this Issue.
3I,
1955,
They are published for each quarter.
The tables on Income and expense and source and application
and cover
Executive Order No. 8512 of August I3, I9U0, as amended
Data from
by Executive Order No. SOSk of March 3, 19U2.
of funds are published at six-month Intervals,
these reports, adjusted for consistency where necessary,
are 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 and December 3I.
They appear
:
Treasury Bulletin
64
.CORPORATIONS AHD CERTAHJ OTHER BUSINESS-TIPE ACTiViTIES.
Table 1.- Summary of Balance Sheets of Corporatlone and Certain Other Business-Type
Activities of the United States Government, December 31, 1955
(In Billions of dollars J
Corporations
ASSETS
Caah:
On hand and In banks
Ili0.3
1,197.5
136.3
V3I.8
12.1.
12.2
GoTemment corporations and agencies............ .......
l8,6U.e
20,506.3
268.0
3.2
10,727.3
l8,61tl.6
Others
U3.2
15''.8
88.8
,
With n. 3. Treasurr
Deposits vlth other Goreniment corporations and agencies.
2ll.O
765.7
Loans recelTsble:
Less:
Keserve for losses
9,779.1
Accounts and notes recelTable:
GoTenment corporations and agencies
•••.•..
Others
It,
Reserve for losses
I^sa:
93.9
169.8
8I.3.3
5.1
3,326.5
37.11
22.0
15.3
11.1
82.5
271.1
9.6
60.5
1.5
8a.l
210.5
30.2
Accrued assets:
Interest on public debt obligations
Goreznnent corporations and agencies
Others
Less I Beserre for losses
.3
30.3
Coonodltles, supplies, and materials
6,709.1
6,166.1
Eeserre for losses
2,353.1
2,353.1
3,235.9
2,853.3
Less:
Investnents
Public debt obligations of the ttuted States
Securities of Goremnent corporatlcns and agencies:
Debentures (FHA and FICB)
Capital stock and paid-in sijrplus of Gorernnent
corporations
Other securities:
International Bank for Beconstructlon and Development
stock
International Monetar? Fund - subscrlptlciia
Other
Less : Reserve for losses
8.8
151.0
,
635.0
2,750.0
30.8
1.8
Land, structures, and equlpBent:
Held for use or sale
Lees: Reserve for depreciation
Acquired security or collateral
Lsss :
Reserve for losses
Deferred and imdlstrlbuted charges
Other assets
Less :
Reserve for losses
Total assets
,
8,509.0
687.3
319.2
137.5
79.0
285.5
30.8
6l.,296.8
5^3.0
.April
Mb
65
.COEPORATIONS AHD CERTAIN OTHER BUSIKESS-TrPE
ACnvmES.
Corporations and Certain Other Buslnees-Typc
Table 1.- Summary of Balance Sheets of
31,1955 - (Continued)
Activities of the United States Government. December
(In millions of dollara)
Total
Account
Corporations
Activities
"..9
125.0
T.TmTT.rms
AeconntJ payable:
Goramant corporatlona and agsnclae.
Others
129.8
llt2.9
103.5
82.1
3.2
280.1
26.5
2.6
167.3
117.5
769.0
7'»5.3
Aooraad llstUltles i
U. 3. Treasury
Other OoTem^nt corporations snd aeenclas.
Others
Trust an! deposit llabllltlee ;
Oareniaant corporations and agencies.
Others
Beads, deheotnres, and notes payable
U. S. Treasury
Other GoToTfiiient corporations and agencies.
Others
18,61H.6
12.0
2,U22.7
13.9
39.1*
55.7
.7
112.8
103.7
23.7
3.7
2,378.8
5,'H7.5
8.3
^3.9
168.0
T6.7
13,22'».l
Peferred snd updlstrlhuted credits
Other llshllltles (Including operating end
UaMUty
1,265.8
roaervea)
1,125.''
iMl.l.
2it,iu.e
17,961t.O
6,11.7.8
151.0
1.0
3,029.5
36,1K)9.0
Total liabilities.
CAPITAL
United States Interest!
Interagency.
Other
39,"'38.5
Total united Statea Interest.
39,589.5
595.5
PrlTSte Interests
Ii0,lfl5.0
3,030.5
595.5
3,626.1
Total oapltsi
Total liabilities and capital..
6)t ,296.6
AIAUSIS Of UVBflMWr OT WlTBU aTAIgS
Pald-lu capital and expended appropriations
snd agencies i/..
Treasury loans to OoTero»nt corporations
•
Subtotal
y
Less: Total Treasury loans as abors £/.
InreBt^mt of TMited Ststes
Bamed
surplus, or deficit (-), C. S. share
Interagency Itens.
Book Talue of U. 8. Interest, Including
Interagency
18,61.1.6
62,lli6.7
18,61.1.6
".3,505.0
-3,915.5
39,589.5
Total Interagency llabllltlea
Amunts due frca
17,875.2
17,875.2
-1,620.5
16,25V.7
(-):
23't.7
16.0
26.5
9.1
3W..8
51.5
20.8
89.3
Interagency proprletajy Interests
GorenHsot corporations
GoTemasnt ageocles reporting
GovemBent agencies not required to report.
151.0
ua.5
67.6
90.6
Total interagency assets
351.7
eioluslon of InterBook Talue of V. 8. Interest, after
agency Itens.
and activities (see Tables
Llabllltlea of individual corporatlona
and 3).
2
lt,651.0
13,22l..l
1 teas I
Aaounts due to:
Gcrvemnent corporations
Goren^nt agencies reporting
Oorenment agencies not required to report.
1/
iS.SOS.O
21,590.0
39,582.6
1.0
116.0
U.8
85.1.
107.2
16,199.0
150.0
66
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TTPE ACTIVITIES,
Table 2.- Balance Sheets of Corporations of the United States Government,
December 31, 1955
(In millions of dollars)
ASSETS
Cash: 3_J
On hand and in banks
With U. S, Treasury
, ,
,
,
,
Deposits with other Govt, corps, and agencies
Loans receivable
Government corporations and agencies
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop) livestock* and commodity loans
Farm mortgage loans
Other
To aid home owners:
Mortgage loans » etc,
To aid industry:
Railroads
Other
To aid States, Territories, etc
To aid financial institutions:
Banks
Insurance companies
Mortgage loan compianies
Foreign loans:
Guaranteed, held by lending agencies
Other
Other loans (not otherwise classified)
l^BBt
Reserve for losses
116.3
431.8
.,
:
3.2
686.4
373.7
2,584.1
..
41.1
2,640.9
9.2
115.8
119.7
3.5
3.1
1,412.4
66.2
2,635.9
35.2
113.2
Total loans receivable (net)
10,617.3
Accounts and notes receivab le:
Government corporations and agencies
Others
Less:
Reserve for losses
Total accounts and notes receivable (net)
88,8
843.3
22,0
910,1
....
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
Others
Less:
Reserve for losses
9.6
,3
60.5
Total accrued assets (net)
70.1*
Commodities, supplies, and materials:
Held for use or sale
Less:
Reserve for loaees
Commodities, supplies, and materials (net)
...
Investments:
Public debt obligations of the United States
Securities of Govt, corps, and agencies:
Debentures (FHA and FICB)
Cap. stock and paid-in surpl. of Govt, corps
Other securities:
Banks and trust companies - preferred stock
Other
Less:
Reserve for losses
.
Total investments (net)
Land, structures, and equipment:
Held for use or sale
Less:
Reserve for depreciation
Land, structures, and equipment (net)
Acquired security or collateral
Less:
Reserve for losses
Acquired security or collateral (net)
,
,
Deferred and luidistributed char ges
Other assets
,
Less
:
Reserve for losses
Other assets (net)
Total assets
Footnotes at end of Table 3.
,
April
mh
67
.CORPORATIONS AHD CERTAIK OTHEa^ BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United States Government,
December 31, 1955 - (Continued)
(In millions of dollars)
LIABILITIES
Accounts payable;
Government corporations and agencies
Others
I*.
103.5
Total accounts payable
Accrued liabilities:
U. S, Treasury
Government corporations and agencies
Others
Total accrued liabilities
'
Trust and deposit liabilities:
Government corporations and agencies
Others
Total trust and deposit liabilities
Bonds
>
debentures, and notes payable:
U. S. Treasury
Other Government corporations and agencies:
Not guaranteed by the United States
Others:
Guaranteed by the United States
Not guaranteed by the United States
Total bonds, debentures, and notes payable
.
Deferred and undistributed credits
Other liabilities (incl. oper. and liability res.:
:
6s
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United
States Government,
December 31, 1955 - (Continued)
(In millions of dollars
ASSETS
Cash : X/
On hand and in banks
With U, S. Treasury
Deposits with other Govt, co rps, and agencies
Loans receivable:
Government corporations and agencies
Others
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid home owners:
Nfartgage loans, etc.
To aid industry:
Railroads
Other
!].'!!!!!!!!!.
To aid States, Territories, etc
To aid financial institutions:
Banks
Insurance companies
Mortgage loan companies
Foreign loans:
Guaranteed, held by lending agencies
Other
Other loans (not otherwise classified)
Less:
Reserve for losses
Total loans receivable (net)
Accounts and notes receivable :
Government corporations ajid agencies
Others
Less:
Reserve for losses
ToUl accounts and
notes receivable (net)
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
Others
Less:
Reserve for losses
Total accrued assets (net)
Commodities, supplies, and materials
Held for use or sale
Less:
Reserve for losses
Commodities, supplies, and raateriais'(net)
Investments:
Public debt obligations of the United States
.
Securities of Govt, corps, and agencies:
Debentures ( FHA and FICB)
Cap. stock and paid-in surpl. of Govt!
'corps
Other securities:
Banks and trust companies - preferred stock
Other
Less:
Reserve for losses
Total investments (net)
Land, structures, and equipment
Held for use or sale
Less:
Reserve for depreciation
:
Land, structures, and equipment (net)
Acquired security or collateral
Less:
Reserve for losses
Acquired security or collateral (net)
Deferred and undistributed c harges
Other assets
Less:
Reserve for losses
Other assets (net)
Total assets
Footnotes at end of Table 3,
(Continued on following page)
April
19%
69
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TIPE ACTIVITIES
Table 2.- Balance Sheets of Corporations of the United States Government,
December 31, 1055 - (Continued)
(In millions of dollars)
Treasury Bulletin
70
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TrPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United States Government,
December 31, 1055 - (Continued)
(In milliona of dollars)
April
19%
71
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United States Government,
December 31, 1955 - (Continued)
(In millions of dollars)
72
Treasury Bulletin
.COEPORATIONS AHD CERTAIN OTHER BUSIHESS-TrFE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955
(In millionfl of dollars)
i
April
mh
Ti
.COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Table 3.- Balance Sheets of Certain Business-Type Activities of the United
States Government, December 31, 1955 - (Continued)
(In rrdlliona of dollars)
Department of Agriculture
Department
of the
Army
Disaster loans
revolving
fund. Farmers'
^0,^ Administration
»
Farmers'
Home
Admlnistration
LIABILITIES
ounts payable:
Government corporations and agencies
Others
125.0
39.1+
tal accounts payable
1611.4
rued liabilities:
55.7
U. S. Treasury
Other Government corporations and agencies
Others
112.8
Total accrued liabilities
169.1
.7
Trust and d eposit liabilities:
Government corporations and agencies
Others
103.7
23.7
Total trust and deposit liabilities
127.1*
debentures, and notes payable:
0. S. Treasury
Other Government corporations and agencies:
Guaranteed by the United States
Guaranteed by the United States ..
Others:
Bonds
)
Total bonds
,
debentures
,
and notes payable
Deferred and undistributed credits
Othe r liabilities (including reserves)
Total liabilities
PROPRIETARY INTEREST
Expended appropriations
Excess of income, or expense (-)
,
cumulative
Total proprietary interest
Total liabilities and proprietary interest
,
CONTINGENT LIABILITIES
Guaranteed loans
Other
ANALYSIS OF INVESTMENT OF UNITED STATES
Expended appropriations
Treasury loans to Government corporations
Net investment of United States
Excess of income, or expense (-)
.
Book value of United States interest including
interagency items
Interagency items - net amounts due to, or
from (-):
Agencies reporting, excluding Treasury loans
Other Government agencies and corporations ..
Book value of United States interest after
exclusion of interagency items
5,U17.5
8.3
43.
5M9.7
etc.
,
Rural
Electrification
Administration
Department
of
Commerce
Federal MariGuaranteed
time Board
loans
and fferitime
(World War II)
Administration
Department
of Health,
Education,
and Welfare
Office of
Education:
Loans to
students
7^
Treasury Balleti^
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACnVITIES-
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Goverxunent, December 31, 1955 - (Continued)
(In millionfl of dollars)
Department
of the
Interior
Department of the Treasury
>fi.scellaneous
Indian
loans
loans and
certain other
assets
ASSETS
Cash:
i/
On hand and in banks
With U. S. Treasury
Depwaits with other Govt, corps, and agencies
Loans receivable:
Government corporations and agencies
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock* and commodity loans ...
Farm mortgage loans
Other
To aid home owners:
Mortgage loans, etc.
To aid industry:
Railroads
Other
To aid States, Territories, etc
Foreign loans
Other loans (not otherwise classified) ..,,
Less:
Reserve for losses
18,641.6 21/
2.1
27.5
2.0
3 ,519.3
,
,
Total loans receivable (net)
7.3
Accounts and notes receivable:
Government corporations and agencies
Others
Less:
Reserve for losses
22,192.5
3,264,1 21/
Total accounts and notes receivable (net)
3,264.1
Accrued assets:
Interest on public debt obligations .
Government corporations and agencies
Others
Less:
Reserve for losses
82,1
18.1
Total accrued assets (net)
Commodities, s upplies
t
and materials
Investments:
Public debt obligations of the United States ,
Securities of Govt, corps, and agencies:
Federal Housing Administration debentures ..
Capital stock and paid-in surplus of
Government corporations
Other securities:
International Bank for Reconstruction and
Development - stock
International Monetary Fund - subscriptions
Other
Less:
Reserve for losses
635,0
2,750.0
Total investments (net)
3,385.0
Land, structures, and equipment:
Held for use or sale
Less:
Reserve for depreciation
Total land, structures, and equipment (net)
Acquired security or collateral
Less:
Reserve for losses
Total acquired security or collateral (net)
Deferred and undistribute d charges
Other assets
Less:
Reserve for losses
Total other assets (net)
Total assets
Footnotes at end of table.
.
i2/
8.8
1,5
-
Federal Civil
Defense Act
of 1950, as
amended
April
19%
75
.
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYra ACTIVITIES,
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Continued)
(In millions of dollars)
Department
of the
Interior
Indian
loans
Department of the Treasury
Miscellaneous
loans and
certain other
assets
LIABILITIES
Accounts payable:
Government corporations and agencies
Others
Total accounts payable
Accrued liabilities:
U. S. Treasury
Other Government corporations and agencies
Others
-
Total accrued liabilities
Trust and deposit liabilities:
Government corporations and agencies
Others
Total trust and deposit liabilities
Bonds, de bentures, and notes payable:
U. S. Treasury
Other Government corporations and agencies:
Guaranteed by the United States
Others: Guaranteed by the United States ...
Total bonds
t
debentures
,
and notes payable
.
Deferred and undistributed credits
Other liabilities (including reserves)
Total liabilities
PROPRIETARY INTEREST
Expended appropriations
Excess of income, or expense
(-)
,
cumulative
Total proprietary interest
Total liabilities and proprietary interest
7.3
CONTINGENT LIABIUTIES
Guaranteed loans
Other
ANALYSIS OF INVESTMENT OF UNITED STATES
Expended appropriations
Treasury loans to Government corporations
Net investment of United States
Excess of income » or expense (-)
Book value of United States interest including
interagency items
Interagency items - net amounts due to, or
from (-)
Agencies reporting, excluding Treasury loans
Other Government agencies and corporations .
Book value of United States interest after
exclusion of interagency items
Footnotes at end of table.
9.9
9.9
-2.6
„^^^
76
Treasury Bullet.
_COEPORATiaNS AND CERTAIH OTHEB BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Ckintlnued)
(In millions of dollars)
April
mb
77
,
COEPORATIONS AND CKRTAIH OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Continued)
(In millions of dollars)
78
Treasury BuUetfj^
_ CORPORATIONS
AND CERTAIN OTHES BUSINESS -TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Continued)
{In milllona of dollars)
April
19%
79
.
COEPORATIONS AHD CERTAIH OTHER BUEIKESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Continued)
(In mllXions of dollars)
Account
80
Treasury Bulletin
•
CORPORATIONS AND CERTAIN OTHER BUSraESS-TTRE ACTIV3TIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Governinent, December 31, 1065 - (Continued)
i
April
mb
61
.CORPORATIONS AND CERTAIH OTHER BUSIRESS-TyPE ATi'iViTJLKS.
Table 3.
Balance Sheets of Certain Business-Type Activities of the United States
Government, December 31, 1955 - (Continued)
62
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES,
Footnotes to Tables 2 and 3
The reports as received are revised by the Treasury Department to
adjust for certain interagency items and therefore may not agree
exactly with statements issued by the respective corporations and other
business-type activities.
By Executive Order No. 10539. dated June 22, 195M-, the President transferred the synthetic rubber and tin programs from the Reconstruction
Finance Corporation to this Corporation, effective at the close of
business June 30, 1954.
Effective July 1, 1954- the Secretary of the Treasury became responsible
for the liquidation of all lending functions and of World War II and
production programs of the Reconstruction Finance Corporation, after
effect had been given to transfers to other agencies by Reorganization
Plan No. 2 of 195U.
Excludes unexpended balances of appropriated funds.
Includes dollar value of foreign currency on deposit for account of the
Secretary of the Treasury.
Includes guaranteed loans and certificates of interest aggregating
$1.0l|7.7 million which are held by lending agencies.
Represents reserve for losses on loans receivable and reserve for
losses on investments. The amount applicable to each reserve is not
available at this time,
Represents matured obligations for which cash has been deposited with
the Treasurer of the United States.
Includes $5.0 million advanced from a revolving fund which has been
established by appropriations.
Represents equity of the United States Treasury in this Corporation.
Includes deficit resulting from administrative expenses amounting to
$92.8 million.
Represents Reconstruction Finance Corporation proprietary interest In
a Government corporation.
Since June 30, 1954^, this Corporation, which was transferred for
liquidation to the Reconstruction Finance Corporation on January 28,
1946, has been in liquidation under the direction of the Secretary of
the Treasury.
The capital stock of this Corporation is held by the Reconstruction
Finance Corporation.
These foreign loans and other assets and liabilities were transferred
from the Reconstruction Finance Corporation, effective July 1, 1954.
Includes $66.2 million guaranteed loans held by lending agencies.
Represents notes acquired from the sale of certain assets to the
Federal land banks.
Represents equity of the United States Treasury in these programs.
Represents net investment of the United States Government transferred
from the Reconstruction Finance Corporation,
Consists of the management and liquidating functions and the special
Note:
1/
2/
2/
l^/
^
6/
2/
8/
2/
10/
11/
12/
13/
14/
15/
16/
17/
18/
19/
20/
21/
>
,
22/
2j/
^
^m
26/
22/
28/
2^/
iO/
31/
J2/
Ji/
^4/
^5/
*
assistance functions of the Association; and the equity of the
United States Government in the Defense Homes Corporation, and other
assets and liabilities, which were transferred from the Reconstruction Finance Corporation, effective July 1, 1954.
Represents activities under the United States Housing Act, as
amended.
The balance sheet is subject to change pending establishment of a
complete plant inventory and appraisal of net assets transferred
from the Panama Canal to the Comparr/^.
Includes xinrealized purchase discounts amounting to $2.7 million.
The final repayment of capital stock was covered into miscellaneous
receipts of the United States Treasury on August 31, 1948.
The surplus is not available by law for dividend distribution and is
considered by the Corporation as a reserve for future deposit insurance losses and related expanses 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 $331.0 million and
net expense of $162.9 million.
Represents mortgages and notes acquired from sale of vessels.
Represents expended appropriations and excess of income 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.
By Executive Order No. 10539, dated June 22, 1954. the President
transferred this program from the Reconstruction Finance Corporation,
effective at the close of business June 30, 1954.
Represents obligations of Government corporations and business-type
activities as shown under "Bonds, debentures, and notes payable United States Treasiiry."
Represents loan to the United Kingdom. Partial repayments aggregating $182,7 million were made on December 31, of the years 1951*
1952. 1953, aal 1954.
Includes $1,000 million due under the agreement with Germany signed
February 27, 1953* and lend-lease and surplus property balances due
the United States in the principal amount of $2,264,1 million.
Effective at the close of business June 30, 1954, these disaster
loans and other assets and liabilities were transferred from the
Reconstruction Finance Corporation to the Small Business Administration.
Represents revolving f und » defense materials procurement activities.
Less than $50,000.
S3
April 1956
.CUMULATIVE TABLE OF COHTEIfrS.
May 1955 through April 1956
Issue and page number
1956
1955
May
June
July
Ang.
Sept.
A-1
A-1
Articles
TreaauiT financing opei^tlons
A-1
A-1
•
•
Summary of Federal fiscal operations
Budget receipts and expenditures;
•
KecelptB by principal eourcoe
,,,,,,.,•.....•.....•••«•••
Ezpenditures by major functions
,....,....•-......ExpeMlturos for major national security.
Krpendltures for International affairs ani finance
eipenilturee
"Other"
Trust a ccount and other transactions:
Suamary of trust account and other tranaactioos
Trust accoiBit receipts
Trust and deposit fund account expenditures
Het InTestment by Govemment asencles in public debt securities....
in
Net redemption or sale of obligations of Govemment agencies
the market
Federal OU-Age ai^ SurrlTors Insurance Trust Fund
Unamploynent Trust Fund
Railroad Retirement Acooint
National Service Life Insurance Fund
mrestnentB of specified trust accomts In pubUc debt securities,
by issues (latest date December 31, 1955)
8
9
10
10
'
Cash Income and outgo:
,,...,,.•.•.•...•.•••••••••••••••
Beadnote
Derivation of cash deposits
Derivatlcn of cash vithdrawale
Derlvatlai of cash borrowing or repayment of borrovlng
public
Sunnary of Federal Government caah transacticns with the
Suanary of cash U-ansactlons throigh Treasurer's account
illation
DerlvatlcE of Federal receipts from the public, and reoono
to cash deposits in Treasurer's accotmt
to
reccmjlllatlai
and
public,
DoriTBti<m of Federal payments to the
cash wlthdrojials from Treasurer's account
•'
•
Intragovennnental tranaactlcns
AccniBd Interest and other nonnasb eipenditures
public,
tie
with
transactions
debt
cash
net
Federal
Derivation of
accomt
SUA reconciliatian to transactions through Treasurer's
8
9
10
U
8
12
13
lU
15
9
10
U
'12
Debt outstanding and Treasurer's account:
•
Sumnary of Federal aeourities
Interest-bearlx^ public debt
accounts
Special iBstBS to D. 3. GoverTm»nt Inveslnent
on Federal
Ccmputed Interest charge and otmputed Interest rate
•
securities
ly*"
corporations
Treasury holdings of securities issued by Government
and other agencies
Status of the aocovnt of the Treasurer of the
3
•••
mi ted
States
tatutory debt limitation
12
12
13
12
12
13
12
12
13
Ifi
13
13
13
17
lU
lU
lU
lU
lU
15
18
15
15
16
16
18
16
18
19
19
21
21
21
21
22
22
2ll
2lt
Debt operations:
marketable securities
Maturity schedule of interest-bearing public
Issued by the U. S. Government
••
•
•
Offerings of Treasury bills
notes, and
Offerings of marketable issues of Treasury bonds,
certificates of Indebtedness
for maitotable
Allotjnsnts by investor classes on eubscriptlons
of Indebtedness.
Issues of Treasury bonds, notes, and certificates
bonds, notes,
Disposition of matured marketable Issues of Treasury
and certificates of indebtodnesB
United States savings bonds:
Cuaulative sales and redemptions by series
Sales and redonptlons by periods, all series combined
E
Sales ani redemptions by periods. Series E through
RedoimtlonB of matured and unmatured bonds
H ooablned.
and
E
Sales and redemptions by denominations. Series
•
Sales by States, Series E and H ctmblned
25
23
16
17
19
gn
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
May 1955 through April 1956
-
(Continued)
lasQs
1955
Hay
June
July
Aug.
26
26
35
25
27
27
33
33
3U
Treasury eavlnga notes:
OvmulatlTe sales and redsnptlcns by serlos
Sales and rsdamptlons by periods, aU
series
eaibi»d!!ii.",i,"]i]
Ownership of Federal securltlea;
Distribution by classes of lurestors and types
of Issues
'°^ purchases or sales for Inrestmont accounts ">—
handled
^ou. by'
uj.
ll Treaauiy
the
Estljnated ownership
!!!!!'!
27
26
28
27
28
26
27
28
29
35
29
28
30
36
Treasury survey of ownership of Federal
securities:
Ownership by bante. Insurance canpanlos, and
others
Ownership by connerclal banks clssslfled by
nanbership'ta't^d^^'
Beeerro System (latest date December
31, 1955)
^_77
Market quotations:
tod-of-iimth closing quotatlcns on Treaaury
securities by Issues..,
"=...
Chart - Yields of Treasury securities
33
35
Average yields of long-term bonds:
Average yields of Treaauiy and corporate
bonds by perloda.
Chart - Average yields of Treasury and
corporate bonds
Internal revenue collections
36
35
36
37
38
Uk
37
39
ko
U6
1.1
'.7
37
1.3
:
Sxaonaiy by principal sources
"'"
ttart - Interaal revenue collections
by'prtnci^'eoilrcee.'!
Detail of collections by type of tar
Detail of specified excise tax oollectiona
'imported
38
39
'qil^riy!.'
38
39
Monetary statistics:
Money In circulation
|*
Moaietaiy stocks of gold ai^ sliver
ttold assets and liabilities of the
Treaeil^i!iil."i]||.".".'""
"]
Ccmpcnenta of silver monetaiy stock
Seigniorage en silver
',[[',[
Increment frcB reduction In wel^t'of
'goid'doiii^^'Iiltisrdito'
Docenber 31, 1955)
Exchange Stabilization Fund (latest
date September
3 0.
iqss
Ul
"»3
l>2
43
1(2
U
"•3
"•3
"*5
l»5
):
'
Balancesheet
'
Inccne and expense
lt6
U7
National bank reports:
Bamlngs, expenses, and dividends for oaieiHar
yeara I953 and
I95I..
'•5
Capital movements between the
Uni ted States and foreign
^—
countries: '
'
Beadnote
Sumiary by periods since I935
!.!""!!
Sumary by coiaitrlee and periods
aort-tenn banking liabilities to foreii^ra,' 'litest
'iLS^th
Short-tem banking claims on foreigners, latest mcnth.
Purchases and sales of loog-tem securities by
forelgnere
latest month
aort-tem liabilities
iul^"r^ii,i^' iy ^^uj^^^v^' ;,;;^^;^
Long-term liabilities and claim reported
by banks and bankeiB
Estimated gold and short-term dollax resouroes
of foreign comtries
and Intematlcnal InstltutlcDS
!
foreign credit and debit balances In brokerage
'aooovmts !.'
Short-tem liabilities, countries and areas not
regularly reported."
^'
li£
51
55
"•9
53
56
57
55
*56
56
57
57
Corporations and certain other
business-type activities
?*^™«» sheets and loans by type (latest date I)»otml>ii 31711955)
:
Inccne and expense (latest date June
30, 1955)...
Source and applioatlcn of funds (latest date
J<D8'36"i955)
58
58
66
"•5
and page lumber
»
.n&
^y.
Treasury Dept.
Treas.
HJ
U.S.
10
.A2
Treasury Bulletin
1956
C.2
I
US TREASURY
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