Full text of Treasury Bulletin : April 1959
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LIBRARY
50-^5
ROOM
JUL.2 115
TREASURY DtPAKlf/itNr
LIBRARY
ROOM
SO.'^O
J UN ?,3 1972
TREASURY DEPARTMENT
LIBRARY
JUL 2 liS60
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25.
DC
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
^IBUILILETEN
LIBKAi-vY
ROOM 5025
APR
J J
uao
TREASURY DEPARTMENT
APRIL" 1353
UNITED STRTES TRERSURV DEPARTMENT
OFFICE DP THE SECRETRRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, ^7 .3^ foreign.
Single copy price varies
April 1959
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
l
Budget receipts and expenditures
2
Trust account and other transactions
g
Cash income and outgo
12
Account of the Treasurer of the United States
IS
Debt outstanding
20
Statutory debt limitation
,...
2k
Debt operations
25
United States savings bonds
39
Ownership of Federal securities
4-3
Treasury survey of ownership of Federal
securities
I15
Market quotations on Treasury securities
149
Average yields of long-term bonds
52
Internal revenue collections
54
Monetary statistics
,
56
Capital movements
60
Corporations and certain other business-type
activities - statements of financial condition...
72
Cumulative table of contents
Note:
102
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasary Bulletin
II
Reporting Bases
The dally statement on the new basis was first issued for
Data on receipts, expendlturea, and debt which appear In the
"Treasury Bulletin" are based largely on two Treasury financial
February I7,
reports, the "Dally Statement of the United States Treasury" and
distinction Is made as to the type of accounts (budget, trust.
the "Monthly Statercert of Receipts and Expenditures of the
etc.
United States Government."
Certain monetary statistics are based
clear>^d through the account of the Treasurer of the United States.
at least In part on the "Circulation Statement of United States
Total withdrawals are on the basis of checks paid or cash dis-
Where these etateiienta are given as sources for individual tables, they are cited by name only. Their respective
reporting baoes are described below.
For other data In the
bursements made out of the Treasu^'er's account.
Some of the
withdrawal clasalficatlons shown are reported on the basin of
mailed reports of checiis Issut^d and are adjusted by -means of
information on sources or reporting bases Is given In
clearing accounts to the total of checke paid.
Except for
relatively minor amounts, noncash Interfund and other intra-
Money."
Bulletin,
connection with the tablen themselves.
).
195**.
In the deposits and withdrawals as shown,
The deposits are on the basis of ceitlf Icates of deposit
governmental transactions are excluded.
The monthly statement of receipts and expenditures was first
The public debt figures
In the dally ctateuent also are on a "clearance" basis,
published for February 195^. and replaced the dally statement ao
the primary source of Information on budget results and other
on the basis of telegrams from Federal Reserve Ban*ts
receipt
debt transactions are Included, however.
and expenditure data classified by type of account.
At the «ame time,
no
with the
exception of those issuance and retirement transactions reported
.
Noncash
the dally statexent was changed to a statement
of cash deooolts and withdrawals affecting the account of the
The daily statement before February 17.
195-*.
covered not
Both publications have provided
only transactions cleared through the Treasurer's account but
coinparatlV2 figures on their respective bases from the beginning
also certain Government agency transactions which were handled
Treasurer of the United States.
of the fiscal year 1953*
195^.
through commercial bank accounts, and Included noncash Interfund
with respect to these reporting changes may be found in the
April 195U Issue of the Bulletin.
and other intragovemiiental transactions. It provided Information
Tiie
announcement of
Pebr^isiry 17,
similar to tnat in the present dally statement with respect to the
status of the Treasurer's account,
The monthly btate^ent shows all rsoelpts and expenditures
of the Oovemment, Including those made from cash accounts held
outside the United States Treasury. The Information Is compiled
from reports by the Treasurer of the United States and by all
other collecting and disbursing agencies, Including those agencies
which maintain checlcing accounts In commereVal banlis. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the transactions as compiled from these reports Is reconciled In the
monthly statement to changes In the balance
In the Treasurer's
account and In cash held outside the Ti-easurer'e account and
changes In the public debt outstanding.
Hecelpts of taxes and customs duties are reported on a
Other receipts are reported partially on a
collections basis and partlallyona deposits basis. Expenditures,
collections basis.
except Interest on the public debt, are reported on the basis of
cheeks Issued or cash payments made by disbursing officers.
Transactions of an Interfund or Intragovernmental nature are
Included on the same batla even though the actual Issuance of
checKs may not be Involved.
Interest on the public debt Is In-
cluded on an accrual basis beginning with fl^^res for June 1955
and the fiscal year 1955.
Prior to that, it was Included on a
due and payable basis.
The same reporting basis as that In the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statfenent of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures in the "Budget of the United States Oovernnent."
ar.d
similar to that in the
end-of-month
dally statement wltl. i-eej-ect to debt
Issuance, retirement, and amount outstanding.
Receipts and
present
expenditures, however, were classified by type of account, and
the budget results shown In the dally state'ent here used as the
basis for reflecting the results under
t.^e
FreEldent't bud£et
proeram as enacted by the Congress.
Receipts were on
tlie
basis of depodlts as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases.
Through 19U6 they
were on the basis of checke paid by the Treasurer of the United
States.
Beginning with 19^7» expenditures made through the
fscllltles of the Treasury DepartTent's Division of Dlsbureement
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Depertraent of Defense and Its predecessor
organizations, were on the basis of checks paid.
Transactions
handled through commercial bank accounts, consisting of market
transactions in public debt and guaranteed securities, were as
reported by the ager.cles.
Interest on the public debt was included on a due and payable basis beginning with November
and on a checks-paid basis prior to that time.
19^*9
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency in the money supply
of the country.
It is Issued later than the dally statement,
however, and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
April 1959
A-l
Treasury Financing Operations
March Offering of Bills, Notes, and Bones
An offering of three securities for cash
subscription was announced by the Treasury Depart-
The over-allotment for the bonds was heavier
than usual because of belated subscriptions which
were timely filed, but which were transmitted to
the Federal Reserve Banks with special Treasury
bill tenders which were not opened until after the
ment on March 19, as follows;
allotments were made on March 26.
32,000 million, or thereabouts, of special
This accounted
million of the bonds and about 536
2S9-day Treasury bills to be dated
for about
April 1, 1959. and to mature January 15,
million of the notes allotted.
Zl'^
i960;
Si, 500 million,
or thereabouts, of
^
The savings-type Investors whose subscriptions
were given a 65 percent allotment are as follows:
per-
cent Treasury notes of Series B-I9631 at
par, to be dated April 1,
1959i
ana to
Pension and retirement funds public
and private
Endowment funds
Insurance companies
Mutual savings banks
Fraternal benefit associations and
labor unions' insurance funds
Savings and loan associations
Credit unions
Other savings organizations (not
including commercial banks
States, political Bvbdlvlslons or
Instrumentalities thereof, and
public funds
mature May I5, I963;
$500 million, or thereabouts, of additional
k percent Treasury bonds of 19^9. at Par,
originally Issued October
maturing October
from April
1,
1,
I969,
],
1957i
an^
with Interest
1959.
The subscription books were open for the
The Treasury
bills were sold at auction on March 26,
notes and bonds only on March 23.
Inclusion In the financing of a Treasury bill
On subscriptions to the notes, allotments
totaled |1,7'*3 million, including jlOO million
allotted to Sovernment investment accounts.
Sub-
issued on an auction basis and to mature Janupj-y I5,
scriptions received amounted to S3-^ billion.
i960, was the first step In a move by the Treasury
looking to the eventual establishment of a pattern
Those in excess of 5100,000 were allotted 50 percent but not less than $100,000; and those for
of one-year maturities on quarterly dates in January,
$100,000 or less were allotted in full.
April, July, and October, which after their Initial
Issue will be redeemed at maturity and replaced
with one-year obligations offered on an auction
basis.
Subscriptions to the new notes from commercial
banks for their own account were received without
deposit but were limited in each case to an amount
not exceeding 50 percent of the combined capital,
new securities allotted to Itself and Its customers
surplus and undivided profits of the subscribing
From all others a cash payment of 2 percent
of the amount of notes applied for was required
by credit In Its Treasury tax and loan account up
not subject to withdrawal until after allotment.
Any commercial bank qualified as a depositary
was permitted to make payment for all three of the
bank.
to the amount for which It was qualified In excess
Subscriptions to the bonds from commercial
banks for their own account, and from States,
of existing deposits.
Allotments on subscriptions to the bonds
including J50 nllllon allotted
Subscriptions
to Government Investment accounts.
totaled 5619 million,
received totaled about $1.5 billion. Savings-type
Investors were allotted 65 percent, commercial
banks for their own account, 35 percent, and all
others,
20 percent.
About I2'+0 million was sub-
scribed by savings-type Investor groups,
$9'*'l
million by commercial banks for their own account,
and S322 million by all others.
Subscriptions up
to a maximum of $25,000 from savings-type investors
and commercial banks and all other subscriptions
political subdivisions or instrumentalities thereof,
and public pension and retirement and other public
funds were received without deposit.
Subscriptions
from all others were required to be accompanied by
payment of 20 percent of the amount of bonds applied
Subscriptions from commercial banks for their
for.
own account were restricted in each case to an sjnount
not exceeding 5 percent of the combined amount of
time certificates of deposit (but only those issued
In the names of Individuals, arnS of corporations,
associations, and other organizations not operated
for profit) and of savings deposits; or I5 percent
scriptions for more than these minima were allotted
of the combined capital, surplus and undivided
profits of the subscribing bank, whichever was
not less than the minima.
greater.
for 1-10,000 or less vere allotted in full.
Sub-
Treasury Bulletin
A-2
Treasury Financing Operations
Commercial banks and other lenders were requested to refrain from making unsecured loans, or
loans collateralized In whole or In part by the
notes or bones subscribed for, to cover the deposits
required to be paid when subscriptions were entered,
and banks were required to make the usual certification to that effect.
All subscribers to all three
Issues were required to agree not to purchase or to
or to make any agreements with respect to
sell,
the purchase or sale or other disposition of the
-
(Continued)
guaranty of payment by an Incorporated bank or
Except for the depositaries' making
payment by credit In their Treasury tax and loan
accounts, payment of accepted tenders at the prices
offered was required to be made or completed In
trust company.
cash or other Immediately avalleble funds on April 1,
The average rate of discount for the Issue was
Tenders In the amount of $2,006
7.3S6 percent.
million were accepted. Included In the total were
securities subscribed for under this offering
noncompetitive tenCers for $1+00,000 or less aggregating nearly $273 million which were accepted in
until after March 2^ In the case of the notes and
bones, and until after the closing hour for tenders
bide.
full at the average price of accepted competitive
on March 26 In the case of the bills.
13-Week and 26-Week Bills
The bonds are dated October 1, 1957. and bear
Interest from April 1, 1959. Interest at the rate
of ^ percent per annum Is payable on October 1,
and thereafter on April 1 and October 1 In
each year until the principal amount becomes payable on October 1, I969. The bonds were issued In
bearer form with Interest coupons attached or
1959,
registered as to principal and Interest, In denominations of $500, $1,000, S5,000, $10,000,
1100,000,
and Jl, 000, 000.
The new notes are dated and bear Interest from
Interest at the rate of 4 percent
1, 1959.
April
per annum Is payable on a semiannual basis on
November I5, 1959, end thereafter on May I5 and
November I5 In each year until May I5, I963. their
maturity date. They were Issued In bearer form
only and In denominations of $1,000, 35,000, $10,000,
$100,000, $1,000, OOq $100,000, 000, and $500, 000, 000.
Issues of regular weekly Treasury bills during
March totaled $7.0 billion, refunding the 13-week
bills maturing in the total of $6.6 billion and
providing S^+OO million of cash. The four 13-wetk
bills amounted to $^A billion (the first for $1.5
billion and the last three for $1.3 billion each),
and the four new 26-week bills amounted to JI.6
billion (of $'+00 million each). The bills issued
in March mature in 9I (3ays and 1S2 days respectively.
The first two issues are dated March 5, and the
subsequent lS2-day bills on March 12, 19, and 26.
The corresponding last three Issues maturing in
91 days, while Issued on those dates of March,
consist of additional amounts of the December 195S
Issues of 26-week bills, 60 that all bills maturing
on the same date will be of the same Issue.
Average rates of discount on the bills during
March were as follows:
13 -week
Tenders for the 2S9-day Treasury bills were
opened on March 26. Tenders were received without
deposit from Incorporated banks and trust companies
and from responsible and recognized dealers in
Investment securities. Tenders from others were
required to be accompanied by payment of 2 percent
of the face amount of Treasury bills applied for,
unless the tenders were accompanied by an express
..
7
.
.
'
April 1959
•SUMMARY OF FEDERAL FISCAL OPERATIONS
(In mllllone of dollars)
Budget receipts and expenditures
Net
receipts
1/
Expenditures
2/
Surplus,
or
deficit
(-)
Net of
trust
account
and other
transactions
2/
Net
Increase
Clearing In
account public
etc. uy debt, or
decrease
N-t
increase In
Treasurer's
account
balance , or
decrease (-)
(-)
Levels, end of period
Debt outstanding
Treasurer
account
balance
Public
debt
Guaranteed
securltlee
lil.USS
19''9
37,696
39,786
1950
1951
'•7,568
39,032
33,069
39,507
39,617
1.1., 058
61,391
65,1.08
36,"i95
751.
-1,103
3,1.19
-291.
-1,811
-3,122
3,510
-1.95
555
-507
366
-11,136
-10,930
3,308
1,621.
-1,1.62
l.,932
2,01.7
5,517
7,357
99
679
1.83
-5,991.
1.78
l.,587
-211.
-2,135
1,839
3,883
6,966
5,189
3,115
-1,623
-388
-2,299
2,096
-551
331
i952
1953
195^
1955
1956
-'.,017
11.7
-1.01
61., 825
71. ,271.
-9,1.1.9
•.35
-250
655
60,390
68,165
67,772
61., 570
-3,117
-303
-li,l8o
328
231
66,51.0
1,626
-191.
522
1957
1958
71,029
69,117
69,1.33
195
633
-523
-2,221.
71,936
1,596
-2,819
530
5,816
1959 (tot.),.
i960 (Est.)..
68,000
77,100
80,871
77,030
-12,871
70
-63'.
500
112
8,657
-l.,3l.9
61.,
-182
281.
3,1.70
6,969
l.,670
6,766
6,216
258,286
252,292
252,770
257,357
255,222
1.0,389
1.0,861.
37,955
35,623
2,1.31.
19't8.
19^9.
1950.
1951.
37,511.
1.1,106
-3,592
-U22
-3,35s
37,306
52,979
1952.
1953.
195k.
61., 81.0
63,81.1
61,171
63,358
1955.
1956.
1957
1958
I
'
I,
70,991.
72,281.
68,69U
37,728
56,337
70,682
72,997
5,21.1
-350
-229
-502
311
815
-5,81.2
-1.1
66,129
67,216
-9,157
-3,683
-2,771
3,779
101
739
-259
267
71,692
75,782
592
-7,088
6,095
5,7U3
-1,286
5,581.
61.,85U
-21.0
-2 ,2U9
April.
".,809
6,188
10,737
.
May
June
.
July
Aug
Sept
52
259,151
266,123
81
271,31.1
271. ,1.18
271., 371.
tl.
272,751
71.
272,825
-956
5,590
i',159
270,527
270,63U
9,71.9
276,31.3
107
101
5,1.00
5,1.00
285,000
285,000
la
285,101.
281.
95
285,095
281.
81
55
30
256,981
256,127
252,057
21.
-1.05
3,097
199
-J.,
100
1,111
i.,208
I.,
331
1.71
270,188
276,013
,679
,670
87
-1.23
-I.U7
U,232
-106
256,900
252,800
257,130
256,708
2,711
62
'.,295
259,1.19
1.2
-319
-209
7,973
7,777
3,582
1,770
6,061.
l.,577
267,391
275,168
278,750
280,769
276,628
31.
276,781.
278,256
53
103
260,822
276,731
280,31.8
-31.
-1,1.88
I.
,679
252,651.
257,160
256,731
256,1.13
256,026
259,1.61
258,791.
51.
267,1.1.5
266,821
76
275,21.1.
27i.,671
1,092
-691
22U
109
-1,730
8,025
179
355
i.,606
271., 898
101.
282,922
109
275,002
283,031
271.. 56I.
I., 961
116
1.07
-399
-1,162
UI.6
229
581.
3,265
3,8U9
-222
-131
163
1.0
5,153
276,229
276,269
-1,271
3,821.
7,673
271.
107
109
109
276,335
276,378
275,108
275,882
275,926
271., 657
333
70
-938
-991
1,226
-2,11.2
5,532
271., 008
273,662
275,231.
103
103
271., Ill
308
-250
5,81.0
-l.,707
275,337
271., 889
5,590
270,527
107
270,631.
270,188
272,1.69
273,81.5
107
109
115
272,575
271., 1. 12
376
5,987
-1,731
2U7
5,91.1.
-662
-325
5,1.09
-15
-3,290
-802
1,559
-19
96
162
253
5,180
i.,5l.5
l.,1.27
,999
1,91.2
-1,115
i.,i.75
1,376
567
1.23
11.9
2,1.36
U,898
7,335
-3,028
558
'.,307
i.,865
271., 067
103
2711,71.7
101.
-259
l.,6o6
2714,898
lOU
-1,101
888
1,682
3,505
27"., 555
101
l.,39U
6,076
271. ,679
272,621.
103
lOk
-21.
276,276
282,607
272,131
273,511
273,951.
2711,527
271*, 085
2711,170
2 71. ,850
271. ,1*11
275,002
271., 561.
-3,370
-979
333
-31.5
U1.2
5,956
6,501
5,806
5,809
35U
l.,827
Dec
11.7
U8
'.15
-601.
679
151
.,786
6,299
9,501
6,011
5,528
5,7^9
-1,225
771
3,753
-65
533
-31.3
338
-273
-31.1.
121.
257
-2,055
6,122
5,8U6
6,621
-2,626
-920
-13
617
2,1.33
1.12
6,1.87
137
-553
-169
-682
595
-357
3,619
6,130
275,057
275,653
691
9,71.9
276,31.3
101
276,l.lili
6,613
6,198
-3,667
-1,361
575
-U,630
5,119
6,368
5,099
275,1.66
278, U76
276,666
102
108
lie
275,568
278, 58U
-1,269
280,211
283 ,060
282,922
112
107
109
280,323
283,167
283,031
279,897
,961
5,918
5,274
285,801
285,104
106
285,907
285,216
285, U8I.
3,131
April..
May
June.
.
July...
August.
Sept..
Oct
Nov..
Dec
1959 -Jan.
Feb.
..
3,1.96
'',925
10,785
2,91.6
U,838
7,208
6,633
2,769
7,1'.'.
11,962
6,237
7,080
6,180
I.,
528
6,576
6,776
6,331
l.,l6U
-<t,376
-1,271.
-376
290
8U
-1.83
-200
166
-S77
3,009
-1,810
-8U
1,21.9
3,51.6
2,81.8
-565
l>,53l'
352
-37
350
65
1,991
6,525
-900
-1.89
-138
-1,561.
-2,21.8
-81
U06
957
2A5
279
2,879
-697
Actual figures through the fiscal year 1952 and the calendar
year 1953 are from the dally Treasury statement, and thereafter In
each case they are from the monthly statement of receipts
and expenditures of the Government (for explanation of reporting bases,
eee page II); estimates are from Um I96O
Budget dooiment released January 19, 1959, Including effects of proposed legislation.
More detailed Information vlth respect to the figures on
this page
"in be found In succeeding tables.
i/ Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
Transactions of the Foreign Kconomic Cooperation Trust Find, established under Section 111. (f) of the Economic
Cooperation Act of I9I.8
(62 Stat. 150), are consolidated with budget expenditures.
1/ Consists of transactions of trust and deposit funds, InvestMnt
by
Government agencies In public debt securltlee, and redemption or sale
of obligations of Government
agencies in the market; excess of re-
-6«
(Source:
,
276,l.UI.
Oct
Nov
1958- Jan
F*b
March..
y
258,507
265,522
270,790
273,915
272,361
U6
252,028
256,652
251., 567
603
-635
-117
6,279
5,930
5,667
257,1191
251,51.2
2,019
-U.lUl
'.,256
6,3'.7
258,376
252,366
252,798
257,377
255,251
-21
5,282
11,688
3,057
5,128
7,225
73
27
20
29
6,51.6
23I1
Mem the:
1957-Jan...
Feb...
March.
90
259,105
266,071
271,260
Calendar je&re:
19^7.
Subject to
limitation
sec'iritleB
FlBcal years
19^7
igue
Total
Federal
J*/
^
I.
273,730
2711,656
2711,782
2711,31.6
272,728
272,291.
9U
275,151
97
275,71.9
2 71., 718
275,317
276,013
112
276,7811
271.
,219
275,139
278,156
276,356
282, 7U1
282,607
284,793
oelpts, or expenditures (-). For detail of content, see page 8.
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously Included from November I9I.9
as Interest checks and coupons outstanding); also deposits in
transit and changes In cash held outside the Treasury and In certain
other accounts beginning with the fiscal year I95I.. Net Uicreaae,
or decrease ( -)
7qt current month detail, see section on "Statutory Debt Limitation"
In each issue of the Bulletin.
The limitations In effect during the
period covered by this table and the date when each became effective
are as follows: ^275 billion, on June 26, 19U6; $281 billion, on
August 28, 1951.; $278 billion, on July 1, I956; $27'i billion, on
July 1, 1957; $280 billion, on February 26, I958; and $288 billion,
on September 2, I958 (temporary increase until June 30, 1959;
thereafter it will revert to $283 billion).
-
....
Treasury Bulletin
.BUDOET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue 1/
Dnployment taxea
Income tezee
Flecal jear
or month
Corporation
2/
Total
Not
withheld
21., 218
income
taxes
13,535
18,521
21,351
21,635
37,753
53,906
l.,o86
i',537
21,25lt
''9,915
5,31*0
600
56,633
60,560
59,102
6,337 2/
631.
6,631.
32,826
33,012
10,7'i7
21,523
18,265
10,396
1956
1957
1958
21,299
21,531
20,533
11,322 2/
12,302
11,528
2li,012
1959 (Eat.)...
i960 (Est.)...
17,65c
22,0!t8
12,100
13,100
28,700
31,900
1.79
258
1,195
316
2,267
123
3, ''76
1,81?
162
9U
373
. .
51,3''T
363
5'',
2/
9,726
10,825
91.5
10,011*
6,220
936
9,211
7
325
330
336
7,296
7,581
8,6UU
1,171
10,00lt
1,3-|«
10,638 10/
1,1.11
10,81'*
5
1?
7
9,116
11,135
1,380
1,U30
10,687
355
1,105
113
1
95
92
926
908
932
103
951.
82
811
853
338
1,032
17
72
UU
1
2,093
1,931
3,915
6,176
1
51.9
1,225
1,762
365
1
3,6''l
71.7
1
2,139
U,05li
l.,932
21
68
397
Ub
1
386
816
UUl
267
949
11*
71
39
261
321
1,281
4,599
351
305
5,255
1,996
846
9l'8
3,368
4,356
5,563
6,960
5,669
19,072
31,701
.
9, ''23
'',562
'',983
5,''25
332
362
1959 to date
3,931
259
277
285
280
603
501.
Taxes not
otherwise
classified
2/
231*
560
575
67,01*8
2/
578
7,733
58, It 50
Excise
taxes
and gift
taxes 2/
735
620
8,22U
10,216
27,0lJl
1959 -January..
February
U2l(
3,120
3,569
Total
employment
taxes 2/
616
575
26,728
319
2,U19
37'*
surance
yy
October
November
December.
.
For rail- For unroad re- employment
tirement Insurance
6/
Withheld
1/
1951
1952
1953
195^
1955
1958 -J 111?
August.
September
For old-age
and dlsabilltj In-
3'-'*
98/
10
10
11,91*1
103
8U7
906
113
107
Dedt^tlona from budget receipts
Miscellaneous
receipts
1/
Fiscal year
or month
Total
budget
receipts
Federal Disability Insurance
Trust FiTid
12/
FOASI
Trupt
Fuid
1951.
1952.
1953195''.
1955.
1956.
1957.
1958.
1959 (Eat.).
i960 (Eat.).
lasA-j^ly
Al^UBt. . . .
September.
October.
November
December.
l?59-.Jan'j8ry.
February.
1959 to date.
2^
2,116
i.,l*U
18
'*,l*33
2,130
2,906
b,659
5,009
IS
18
b,6eo
5,029
17
72
bU
177
206
188
Ibb
2
11*7
129
172
3
133
2
175
180
198
112
1.1.
bb
16b
110
2
62
2
85
21
68
11*
172
182
-27
373
1,466
%5
800
3,196
83,971*
858
3,09'.
83, 59^
7,351*
870
9 IB
3,31*5
95,826
9,276
91.0
560
575
72
221*
3,621'
67
191
316 16/
6,280
8,119
301
917
37
115
160
3,1* 1*6
11*5
UI.I
2/
1.50
1*0
6,81.8
325
663
353
25
231
224
'',956
2'.2
8,152
851
591
1,932
47,405
4,101
76
3,1*26
3,68b
3,917
616
575
70
b
20
333
863
5,979
22
1,1*79
2,7l'9
6,337
6,301
6,870
82
72
78
2,107
2,30e
3,118
3,377
23
78,820
83,675
75
20
€
11
3,653
3,89b
5,01.0
751.
refunds
63U
72,61.9
73,173
69,1*51*
3,006
Total
Internal
Revenue
3,31*5
3, boo
1,865
705
Fund
lb/
2,082
2,275
3,095
2,311 8/
2,559
1,811*
Highway
Truot
575
738
620
603
599
3,120
3,569
i*,086
i.,537
1,639
551
613
562
606
71
498
Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expendlt'irea of the Government (for explanation of reporting bases
see page II); estimates are from the i960 Budget docunent, released
Jiiii-jary 19, 1959, ar.d supporting data, including effects of proposed
'
legislation.
For further detail, see tables under "Internal Revenue Collectlona."
Breakdown was not made In the dally Treasury statement and the
monthly statement for years prior to 195b.
Beginning January 1951, the distribution of receipts between indivloual
Income taxea and old-age and disability Insurance taxes Is made in
accordance with provisions of Sec. 201 of the Social Security Act,
as amended (b2 U.S.C. bOl), for transfer to the Federal Old-Age
and S'orvivore Insurance Tr^jst Fund (aee footnote 11), and after
December I956 also for tranofer to the Federal Disability Insurance
Trust Fund (see footnote 12).
Source:
Railroad
Retirement
Account
53,369
67,999
621*
Ref'jnds of receipts 15/
Transfers of tax receipts to
351
15
18
17
Uj
9
9
2
b
2
61.
2
-26
1
374
17
983
Taxes on employers and en^loyees under the Federal Insurance Contributions Act", as amended (26 'J.S.C. 3101-3125), and, beginning with
the taxable year 1951, tax on self-employed indlviduala under the
Self-ElnplojTnent Contributions Act, aa amended (26 U.S.C. 11*01-1^*03).
The Social Security Act Amendments of 1?56, approved Ai^ast 1, 1956,
increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1950, to provide for disability insurance (see footnote 12).
Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
or more under the Federal Uhemplojinent Tax Act,
6/ Tax on employers of
as amended (26 U.S.C. 3301-3308); with respect to services performed
more.
befoi-e January 1, 1956, the tax was imposed on employers of 8 or
Remaining footnotes on following page.
ii/
^
I*
April
.
mo
.BUDGET KECEIPl'S AND KXPENDITURES
Footnotes to Table
1/
8/
Through 1953, contrlbutloaa to the Batii-oad Unemployment laaurance
Administration Fund were carried In the dallj Treaaury atateinent as
mlacellaneoue receipts, while the i960 Budget document. Special
Analyala Ll^ Includes them In employment tajces through 1952. Beginning 195^ the contrlbutlona are credited direct t-o the truBt account.
7or amounts of the contributions Included In budget receipts, eee
"Treasury Bulletin" for February I95I+, p^e 7In the 1960 Budget document. Special Aaalyala L, Internal revenue
taxes not otherwise claaalfled are Included In miscellaneous
receipts.
Beginning 1955 » the figures ahown reflect adj-aatnienta to correct
prior estimates (see footnote 11), la millions of dollars aa follows:
1
-
(Continued)
..
Treasury Balletii
.
BUBGET EECEIPTS AND EXPENDITURES
-
Table 2.- Expenditures by Agencies
(In mllllona of dollera)
Legislative Judiciary
branch
Fiscal year
or month
1953
7'',27l*
61
195'*
67,772
61*, 570
59
1955
1956
1957
1958
66,51*0
69, '•33 2/ i/
71,936
80,871
77,030
1959 (Est.)
i960 (Est.)
1958-July
August . .
September.
.
October. .
November.
December.
1959-January.,.
Februar>* .
1959 to date.
y
y
6,613
6,198
6,633
27
28
30
37
39
to the
Independent
offices
President
5,177
5,006
199
'*,875
6U5
9,1.56
1*28
1,061.
1*18
9,1*1.3
Ull
318
7,3'*1
6,1*50
70
75
U,.92
152
U9
51
3,7'*5
12
11
5
U
6
10
9
1*
1*
5
u
3
5
3
4
31
y
1,107
806
973
1*76
1*3
102
711
625
810
85
71
26
15
26
150
124
821
637
2U
45
235
621
5,582
71*9
1*3
37
T66
628
31
32
31*
37
337
315
369
766
718
801
21*
29
31
332
274
736
784
6,131 6/
l*,636
6U6
530
803
1*53
271
309
2,661
1,063
1,000
1,077
1,293
562 2/
1.25
U,o8l
3
3,217
2,915
Commerce
Department
-23
1*1*
U
k
Agriculture
Department
570
6,791
6,982
7,707
8,305
119
Bousing
and Home
Finance
Agency
523
6,1.73 1/
'*,'t73
l*,115
General
Services
Administration
385
-615
129
39
5,782
5,282
6,905
9
9
l*,38l
1*
53,013 2/
appropriated
9
6,237
7,080
Fifids
10
10
11
65
85
97
99
7,1U1»
6,776
6,331
Executive
Office
of the
President
50
89
72
76
259 6/
.
April
, ,
•
IW)
-BUDGET RECEIPTS AND EXPENDITURES,
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of February 28, 1950
(In
mllUonB of dollars
j
negative figures are deductions in the oolians in which they appear)
Additions, fiscal year 1959 to date
Unexpended
balances
Agency
Increases
Appropriations
foTvard
July 1, 1958
1/2/
L«gielAtive Branch
The Judiciary
Executive Office of the Freeldent
F'jnds appropriated to the President
Independent offices
G^nersl Services Adininistration
Housing and Home Finance Agency
Arjriculture Department
Cooimerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare DepartjBSDt,
L^terior Department
Justice Department
Labor Department
Fast Office Department
State Department
[Treasury Department
(District of Columbia - Federal contribution and loans
lUnclasBlfied expenditure transfers
lAdJustment to monthly statement of receipts and
expenditures of the government
It
otal
Authorizations
to expend
from debt
receipts i/
3,9U
33
11
51
679
4
1
40,843
857
3
945
2,546
734
230
3U
25
628
460
98
2,916
45
-1
24
522
522
450
210
8,335
28
8,335
28
72,493
;
General Services Administration
Housing and Home Finance Agency
At^lculture Department
C ommerce Department
pefense Department:
Military functions
Civil functions
Undistributed foreign transactions..."
'Health, Education, and Welfare Department
Interior Department
Justice Department
•
.labor Department
ilPost Office Department
]3tate Department
JTreasury Department
District of Columbia - Federal contribution and loans.
, Unclassified
expenditure transfers
jftdjustment to monthly statement of receipts and
I expenditures of the government
I
1
Total.
29
Undisbursed
appropriations
69
6,160
6,084
601
261
1,089
62
6
127
235
621
,582
259
503
,130
45,772
648
-5
1,494
491
90
362
374
495
5
.994
532
165
788
536
188
24
Unused
authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Invest
ments
hold
61
63
69
6,537
15,524
601
9,667
3,877
566
2
45,772
648
-5
1,495
377
8,938
146
355
7,6U
1,U6
649
2,749
39
80
2,937
49
2,789
67,234
22,465
Total 2/
182
18
572
90
362
374
119
5,726
49
-3
2/
53,013
pource: Bureau of Accounts. Details for the current fiscal year to date
are shewn in the monthly Bureau of Accounts report "Budgetary Appropriatlons and Other Authorizations, Expenditures and Unexpended Balances".
Includes same categories as shown for unexpended balances at the end
tjL/
of the current period
Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipoent and supplies, for payrolls, and for similar items.
;B/
Includes reappropriationa.
%/ Consists of authorizations by law for Govemment-ovned enterprises
to borrcw (1) from the Treasury (to expend from public debt receipts),
or (2 ) from the public (to expend from debt receipts).
ip/ Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate either
current or prior contract authorizations.
227
6/
'
;
I
73,432
U9
,521
3
98
842
121
18
a
,662
,131
-26
Unexpended balances February 28, 1959
Rescissions,
cancellations,
and other
adjustments
71
31
26
2,545
758
230
450
210
2/
'^gislatlve Branch
rrhe Judiciary
3,304
9,369
475
250
4,597
452
40,843
857
Deductions, fiscal
year 1959 to date
lExeoutlve Office of the President
'F'onds appropriated to the President
Independent offices
108
45
55
150
U8
32,085
286
(net)
V
55
3,304
9,186
475
188
366
10,167
i,862
372
Expenditures
Other
authorlzatioDS
-17
125
45
173
3
55
5,895
12,323
72,049
Agency
Transfers
borrowings
investments
6/
broxight
2/
S/
2/
«
1,538
1,005
92,241
Consists of transfers between appropriations; net borrowings from,
or repayments to (-), the Treasury and the piblic under authority
to expend frcn debt receipts; and net Investment in, or sale
of (-), public debt securities and certain guaranteed securities
issued by Government enterprises.
Consists of transfers to, or restorations from (-), the surplus
fund; rescissions, oancellatlons , or adjustments of borrowing authority and contract authority; capital transfere to
miscellaneous receipts; and other adjustments.
Public debt securities and certain guaranteed securities issued
by Government enterprisee.
This adjustment represents the difference between the monthly
statement figures (based on preliminary reports ) and the final
accoiints submitted by disbursing officers.
Less than $500,000.
.
:
Treasury Bulletin
-BUDGET EECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(Fiscal yeare; in mllllona of dollars)
1959 through February
FlXLCtlon
code
1951*
1955
1956
''0,336
1,895
35,532
1,857
38,U39
1,990
1,0I«5
9l»l»
1957
1958
number
Expenditures
Major national security:
Military defense
DoTeloiment and control of atomic energy
Stoclcpillng and defense production expansion
Military assistance
06l
066
067
068
Total major national security
39,062
2,268
625
2,187
27,J35
1,685
264
1,451
11.2
30,535
176
1,909
1,331
3,629
2,292
35,791
1,651
588
2,611
U6,90li
110,626
1*0,61*1
1*3,270
130
120
1,616
111
157
1,686
91
121
1,960
100
133
11*9
92
1,732
2, 181
1,81*6
1,976
2,231*
l,59i
5U6
158
2,U82
100
186
66U
150
2,681
57
727
178
'»,256
277
1*90
2,352
1*1*,
International affaire and finance:
Conduct of foreign affairs
Economic and technical developoent 2/
Foreign information and exchange activities
151
152
153
Total International affairs and finance
Veterans* serrices and benefits:
Veterans' education and training 2/
Other Tetcrans* readjustment benefits |t/
Veterans* compensation and pensions
Veterans* insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans* services and administration
101
102
103
lOlt
105
106
Total veterans* services and benefits
Labor and waifare
1,5U
782
172
126
699
168
U2
123
2,798
2,870
3,101.
2,161
105
788
176
1*7
1*3
801
175
856
156
25
601
134
U,1.57
l*,756
l*,793
5,026
3,465
328
1,U28
275
1*75
1.00
1*58
1,1*57
,558
,797
1.69
51.6
290
315
71
32
203
225
287
1,317
455
212
90
26
151
3,022
3, 1*1*7
2,538
3,1*30
3,151
239
297
767
771*
102
:
Labor and manpower
Public assistance
Promotion of public health
Proootioo of education
Pronotlon of science, resesrch, libraries, and museiine6/
Correctional and penal institutions
Other welfare services and adolnlstration £/
^
211
212
213
21U
215
216
217
Total labor and welfare
1,''39
290
273
33
32l»
26
1U7
28
137
351
279
56
31
171
2,''85
2,575
2,821
1,689
256
3, 1*86
217
201»
253
1U2
291
2,557
l',389
1,056
117
935
118
37
803
138
38
l»3
1*5
35
1.1.
53
72
31*
Agriculture and agricultural resources:
Stabilisation of farm prices and farm Incoas 2/
Financing farm ownership and operation 8/.
Financing rural electrification and telaptaonas
Conservation and development 2/
Research, and other agricultural servlcea 2/
351
352
353
35^
355
Total agriculture and agricultural resources
227 3/
267
375
227
236
173
l*,526
a/
255
4,316
180
210
419
205
l*,389
5,330
.138
761
155
1*3
46
64
35
1,51*3
1,116
392
282
26
385
536
65
41
565
90
1.1.8
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
developnent of land and water
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and adjuinistration
UOI
lt02
It03
35
925
162
62
51
59
38
1,315
1,202
1,101.
1,296
370
586
275
312
37
3U9
6U7
253
356
1.20
365
56
-liOl
-U5
li*
37
38
It05
33
li09
Total natxiral resources
35
3l*_
171*
59
60
69
55
Comierce and hovalng:
5U
Promotion of water transportation
Provision of highways
Promotion of aviation and space flight
Postal service
Conmtunlty developnent and facilities
Public houBir« programs
Other aids to housing Jl/
Other aids to business 12/.
Regulation of coimerce and finance
Civil and defense mobilization
Disaster Insurance, loans, and relief 13/
512
513
51l»
515
516
517
518
519
520
521
Total comierce and housing
10/
31
783
1.0
251
bOl.
U63
295
518
U
1*9
31
60
78
51
228
671*
-ll42
270
-330
-kOk
19
-83
-60
59
U5
''5
38
1.1
1*5
1*9
63
1
1*5
58
12
1*3
65
21
21
4
817
1,501*
2,030
2,109
2,068
U9
29
8
UU9
155
93
26
160
60
31
77
38
1,1*55 10/
66
39
34
General government
Legislative functions
Judicial functions
Executive direction and management
Federal f inane lal management
General property and records management
Central personnel management and employment coats
Civilian weather services
detective services and alien control
Territories and posseeslone, and District of Col\jBbla.
Other general government
Total general govemaent
Footnotes at end of table.
601
602
603
60lt
. .
605
6o6
607
608
609
610
88
58
1.U
31
10
9
90
UO
9
1*31
1*75
1.76
10
502
161*
161.
191*
239
U5
331*
627
38
187
11*0
53
25
157
67
188
69
213
139
1,235
1,199
(Continued on following page)
31.
39
199
8
374
180
452
31
U2
71*
73
238
51
20
60
25
1,627
1,787
1,356
1,362
.
April 1959
.BUDGET BECEIPTS AND EXPERDITUEES
Table 4.- Expenditures and Balances by Functions
(Flacal yeara; In millions of dollara)
(Continued)
....
.
-
.
Treasury Bulletin
-TRUST ACCOUHT AND OTHER TRAHSACTIOHS
Table 1.- Summary of Trust Account and Other Transactions
(In mllllona of dollare)
Fiscal year
or rnont^
Net recelpte, or
expenditures (-),
from truet account
and other traneactlona
1951
679
1952
1953
195^
1955
II17
Trust and deposit fund accounta
Net sale, or lavestnient
(-), by
Net receipts, or
expenditures (-)
Receipts
3,852
3,855
3,760
2,386
991 1/
7,796
8,807
8,929
9,155
9,536
328
231
Expenditures
Covemment
agencies In public debt
securities
Net sale, or redemption
(-), of securities of
Government agencies In the
market
38I*
-3,557
-3,636
-3,301
3,91*5
i*,952
5,169
6,769
-72
-25
-2,051*
-1*
8,51.5 1/
-1,362 1/ 2/
-2,617
-2,300
-197
1,085
567
602 1/
1956
1957
1958
-19''
2,250
11,685
9,1*35
195
633
l,li09
11*, 369
262
16,329
12,959
16,068
1959 (Eat.)....
i960 (Est.)....
-63U
-182
-1,299
218
17,585
18,881*
388
277
20,1*77
20,259
-956
556
1958 -July
August. .
September.
-376
-675
1,U1
1,786
330
-31
1,956
885
1,1*12
-1*70
10
1,397
311.
-3
519
-32
-37
81*
5U3
-200
-511
-81.
-572
177
1,025
1,1*86
1,597
1,310
-2U8i/
1,171
1,1*19
759
1,637
1,883
l,i62
.
October.
November .
December.
.
352
-37
1959 -January...
February.
-81
-1,121*
279
175
Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the I96O Budget document, released
Jenuary 19, 1959, Including effects of proposed legislation.
Ulder a revised classification in the monthly statement, effective
Julo^ 1, 1955, the security transactions of Govemment-sponsored
enterprises are included In deposit f\ind account expenditures (net)
Source:
1/
!^
173
2ia
239 1/
i/
-28
1,0U7
47
-1*
57
and excluded frcan net Investment by Government agencies In public
debt aecurltlea (see Table U) and from net redemption or sale of
obligations of Government agencies In the market (see Table 5).
Figures previously published for the fiscal year 1955 have been
revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table 1*).
Differs from raonthly statement of receipts and expenditures for
December 1958 becau&e of error In classification In that statement.
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Truet
Fund
Fiscal year
or month
1951
1952
1951*
1955
1956
1957
1956
11,685
lU ,369
16,329
1959 (Zst.)....
i960 (Est.)
1958 -July
Ai^uflt.
.
.
September
October. .
November.
December.
1959 -January...
February
.
17,585
20,1*77
y
Railroad
Retirement
Account
Itoemploy-
ment
Trust
Fund
Life Insurance Fund
3,932
1*,516
71*2
5,080
5,586
737
700
1,1*92
1,1*25
7,003
7,159
7,900
739
723
695
1,726
1,912
1,855
61*0
1,008
962
1,905
2,018
659
8,1*38
10,1*57
339
9U3
98I.
1,056
Government
Federal
Life
Insurance
Fund
retirement
funds
681*
86
1,61*3
786
87
1,591*
637
619
590
79
78
78
61*9
73
608
69
67
1,51.2
61*7
3
116
159
110
177
206
188
152
69
117
137
180
199
171
122
116
172
Iffi
27
38
99
31*9
UO
39
37
36
1,025
U30
1.1
22
69
90
1*0
21*9
35
2
1
1*5
112
31*
2
16
39
187
1*7
3
33
2
759
1,637
307
891
26
109
73
:
k/
2/
1*1.9
2,912
73
97
58
1.57
1,722
1,682
liU
569
51*5
597
1*01
65
6a
11*1
681.
2/
850
912
961
691
708
Other trust
accounts
1/
1,1*82
38
130
55
1,1*86
Fund
2,131*
U69
1,171
Highway
Trust
1,1*58
1.27
931.
enqjloyeee*
1,025
1,397
1,111
1,956
885
Source
See Table 1
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
See "Budget Pecelpts and Expenditures," Table 1, footnote 11*.
Includes District of Colxnbia recelpte from taxes and from
Federal contributions, loans, and grants; Indian tribal funds;
Increment resulting from reduction In the weight of the gold
dollar; and the Railroad l^iemployment Insurance Administration
Fund for the period I95I* throi^ November 1956 (see Table 7
2/
i/
National
Service
678
850
3,1*11
7,796
8,807
8,929
9,155
9,536
1953
Federal
Disability
Insurance
Trust Fund l/
3
1
1.67
2,11*3
U/
681
638
673
670
69
62
-51*
5/
i'>
liU
for treatment thereafter, and "Budget Receipts and Expenditures,
Table 1, footnote 7 for treatment prior to 1951*).
Does not include donation of public debt securities amounting
to $1*5,800 (par value); see aleo Table 1*.
Net of transfer to miscellaoeoufi budget receipts of $112
million unallocated Increment froo reduction in weight of the
gold dollar pursuant to Public Law 85-699, approved August 21,
1958 (72 Stat. 698). See also 'Budget Receipts and Expenditures," Table 1, footnote 16.
I
.
April 1959
.TPOST ACCOUBT AHD OTHER TRAMSACTIOIS
Table 3.- Trust and Deposit Fund Account Expenditures
Treasury Bullet i
10
.TRUST ACCOUHT AHD OTHKR TRAHSACTIOHS-
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollara; negative figures are exceas of aalea)
Truat accounts
riBcal year
or month
Total
trust
accounts
1951
3,557
3,636
3,301
1952
1953
195^
1955
2,05l«
1,362 1/
1956
1957
1958
2,617 2/
2,300
197
Federal OldAge and
Surrivora
Insurance
Trust Fund
3,369
3,355
3,068
1,688 2/
1,236
1,678
1,950
2,516 S/
2,263
1,'»63
Federal
Disability
Insurance
Trust Fund
Pallroad
Retirement
Account
357
UU9
280
202
1,5145
1,522
l,2Ul k/
11*1
Ubenployment
Trust
Fund
National
Service
Ufe
Insurance
F\ind
650
91.
583
-21(5
590
-2U8
-5U5
59
23
258
73
220
325
121
36
106
J.99
729
-33
-1,255
135
89
95
230
11*7
-1,020
-500
80
85
-230
271*
1959 (Est.)
i960 (Sat.)
-388
-508
956
810
-l.OOU
-60
555
5U0
1958 -July..
Aug...
Sept..
-330
U70
-31".
-289
31
71
21ll
87
-6
-6
-323
-187
85
51
111
-311.
-17
-21H
-7
-519
-212
-239 6/
-520
-219
-250 6/
-35k
13
-52
-153
-6
-151
3
-kk
30
57
-8
59
-129 6/
-7
-558
-115
Jt
-53
-296
Ji
A3
-6
-108
-5
Oct...
Not...
Dec...
1959 -J«n...
Feb...
-1,0U7
-47
-1,062
-63
-8
GoTemmant
.. ..,., .
.
April
1959
11
.TRUST ACCOUHT AND OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(in mlLLlone of doUare; negntlve figuree are ezcesB of eales)
Securities guaranteed by the ttolted States
Public cnterpriae funds
Fiscal year
or month
Comnodlty
Total
guaranteed Credit
Corporation
IWl
-381»
1952
1953
72
25
195''
It
37
-173
-30
-30
-1,085
-567
-33
-33
6
6
1956
1957
1958
-277 i/
-556
y
.
-1
-371.
88
-98
65
kk
-639
32
33
-639 i/
-Ikk
-1,052
-573
-IW*
-1,052
-573
-233
9
-1.85
-233
J.85
32
-6
-1
-6
32
-10
3
-9
-9
12
31
August. .
September.
Home
Owners*
Loan
Corporation
-12
-16
-7
-30
37
-602 1/
1958-Jiily
Federal
Housing
Administration
-10
-16
-7
-29
1955
1959 (Eat.)...,
i960 (Bat.)
Federal
Farm
Mortgage
Corporation
Securities not guaranteed by the tiilted States
Public enterprise funds
Total
public
Federal
Federal
Total not
and trust
intermeNational
Owners'
guaranteed
enterdiate
Mortgage
Loan
prise
credit
AssocCorporafunds
banks 1/
iation 2/ tion
32
6
26
.
37
32
28
5
-2
32
.
30
30
1959-jBnuary
February.
k
3
-57
-7
-50
-50
.
Fiscal year
or month
Federal
intermediate
credit
banka 1/
-570
-kh
136
-233
6
26
*
Securities not guaranteed by the United states
Trust enterprise funds
65
-69
-Jt
October. .
November
December
.
-98
-
(Ccntlnued)
Government -sponsored enterprises
Federal
National
Mortgage
Aaaoclation 5/
Total
Banks
Govemnent-
for
cooperatives
sponeored
enterprises
Federal
home
loan
banks
Federal
Intermediate
credit
banks 1/
Federal
land
banks
1-951.
-37^*
-375
1
1952.
186
285
V953.
-33
12
-99
J.5
1.95k.
-11
136
-li.6
-226
-588
191
282
-261
-230
555.
-100
-950
-115
.956.
-238
-225
.957.
958.
L959 (Eat.).
'.960
(Eat.).
-37
|.958-Julj
August. . .
September
12
October...
November .
December
25
31
30
.
1959-January .
February
oarce:
/
/
/
-46
-20
-51
-250
-150
-73
2
-163
-33
-130
-126
-20
-106
-7U8
-380
61.
1
-23
167
-350
-U85
-li
10
-269
-872
-86
-53
-95
-300
-100
-30
-1U7
-130
-^3
•
-56
-56
»
6/
80
-106
7^
-50
See Table 1.
Classified ae a public enterprise fund prior to January 1, 1957;
as a trust enterprise fund January 1, 1957, to January 1, 1959;
aad as a Government-sponsored enterprise thereafter (see table 3,
footnote U )
Management and liquidating functions.
Beginning 1955 eicludes net transactions of Govemmont-aponsored
enterprises (see Table 3).
-206
y
%
-6
-50
-50
Total Includes eatlinated net ealea by TenncBeee Valley Authority
$U0 million for 19^9 and $&0 million for i960 under proposed
legislation.
Secondary market operetlone.
Adjuataaent for December tranaactlona.
Leee than $^00,000.
Treasury Ballethl
12
.CASH INCOME PSD OUTGO.
The cash income and outgo data appearing In the
"Treasury Bulletin," beginning with the February 195^
Issue, are on a baela consistent with receipts froo and
payments to the public as derived in the 1957 and subsequent Budgets of the United States, Special Analysis A.
Reconciliation to cash deposits and withdrawals in the
account
of.
the Treasurer of the United States is shown on
the same basis as in the Budget documents.
There, is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements, data in
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-
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
account and in cash held outside the Treasury.
accordance with the Budget classifications are made avail-
Figures for back years have been
Cash transactions through the Treasurer's account are
revised where necessary in order to make them as nearly
similar in general concept to those included in the Budget
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ soiTiewhat from those published in earlier Budget
documents as well as in the Bulletin.
series, but are limited in coverage to transactions whiah
affect the balance in that account. On the other hand,
they include receipts from the exercise of monetary
able month by month.
authority,
lidilch
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
Beginning with figures for the fiscal year 1953. the
public and the Federal Government as a whole, and therefore
series of transactions with the public is based on the
includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments include transactions both
United States Government," which is compiled from reports
in budget accounts and in trust and deposit fund accounts.
Operations of Government-sponsored enterprises are included
by all collecting and disbursing officers and includes
those transactions not cleared through the Treasurer's
inpayments on a net basis as reflected in Treasury reports.
account.
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
account, beginning with the figures for the same year,
account.
Noncash items which represent accrued obligations of the
Cash deposits and withdrawals in the Treasurer's
are
reported in daily Treasury statements. For those years
prior to 1953 both cash transactions series are based on a
Government to make payments in the future are also eliminated
single source, namely, the earlier basis of dally Treasury
from expenditures but are added later when actual payments
statements which reported separate classifications for
budget results, trust account transactions, etc.
are made.
Receipts from the exercise of monetary authority
(mostly seigniorage on silver)
are
excluded
as
not
.
.
.
.
April i959
13
.CASH INCOME AND OUTGO
Table 1.- Summary of Federal Government Cash Transactions with the Public
mlHoM
(In
Net caab tranoaotlons
other than horrovii^
riBcal jear
or month
1
;!
BxcesB of
receipts, or
pajnents (-)
53,390
68,013
1.5,797
67,961.
7,593
71,1.99
-5,271.
1951..
1955.
71,627
67,836
76,773
71,860
70,538
1956.
1957.
1958.
77,088
82,107
81,893
72,617
80,006
1959 (tot.).
i960 (Bat.).
81,651
93,502
91.
29
Treasurer's account
balance , increase
or decrease (-)
Cash held outside
Treasury, increase,
or decrease ( -)
1,839
-388
-2,299
2,096
-551
-312
331
-202
23
-3,100
5,760
1.9
-956
5
83,1.13
59
'.,159
lUO
8,516
-686
60
-l.,3't9
-323
7,912
7,59U
8,283
-l.,128
October.
November
December.
3,596
6,231
6,791
1959-J»nuary . .
February.
5,01.9
60
-569
2
-U,630
-1,01.0
2,575
288
-1,371.
3
3
1,21.9
-31.8
-1,269
-1.50
8,028
7,200
8,522
-l.,U32
'.,027
2
-969
-1,732
3,003
51
-565
1,991
-1,56U
-113
7,585
8,025
-2,536
-28
3,51.6
1
957
5U
7,998
-627
3
-6U
-7
i7,939
63,151
-15,212
10,632
22
-4,i75
-8A
Source: Actual figures through 1952 are based on the dsily Treesury
statement and thereafter they are based in part also on the monthly
statement of receipts and expenditures of the GoTermaent (for
3
1.
-65
l6l
1.6
explanation of reporting bases, see page n); eetimates are frcoB
the i960 Budget document, released January 19, 1959, including
effects of proposed legislation.
Table 2.- Sumnary of Cash Transactions through the Account of the Treasurer
of the United States
(In nillione of dollars)
.1
257
-l.,366
7,936
1959 to date.
,8
56
73
Change in cash balances
U,l.71
626
.
'•3
%uals:
2,099
-1,520
-13 ,21.8
.
Plus: Receipts tT<m
exercise of
nonetary
authority
-232
-2,702
,899
3,781.
6,551.
Plus: Net cash
borrow li« froai
the public, or
repajaent (-)
-5,796
-505
2,919
2,512
1,809
1.9
92,875
.
Jl
Federal payments to the
public
of dollars)
public
1951.
1952.
1953.
1958-July
Ai^ust. .
September.
il
Federal receipts frcD
the public
vitli the
Treasury Bulletin
ll^
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In mllllone of dollarQ)
.
.
..
,
,.
.
April 1959
15
« CASH UrcCME AMD OUTGO
.
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Budget receipts irtilch are
alao budget expenditures
Fiscal year
or month
Interest paid
to Treasury
by public
enterprise
funds
Other
1/
Budget receipts which
are also
trust fund
expenditures
1/
20
25
Tmst fund receipts which are also
Budget receipts
budget expenditures
which are also
GovernmentInterest
Interest on
sponsored
Payroll deon unlnInveetment In
enterprise
ductions for
Other
TCBted
public debt
employees'
expenditures
trust
securities
retirement kj
funds
1951
87
1952
1953
WJl*
1955
102
HiU
6
59
l,09l»
228
6
173
7
68
81
1,188
1,173
297
18
10
9
loe
lOlt
1,207
1,318
6I1I.
221
1,31*2
662
31.1
12
21.6
11
238
1,321
1,322
7'»l»
6 16
1956
1957
1958
"•55
557
1959 (Eat.)...
i960 (Eat.)
IU7
10
892
378
Ull
U20
987
Trust fund
receipts which
are also
trust fund
expenditures
6/
398
2
1,930
573
U63
167
166
3
2,U6
7
18
16
2,199
2,110
2,061
521
695
681
12
10
11
2,739
3,2U2
719
839
813
356
zeu
It30
1.39
57li
1958-July
Auguet
September
11
3
2
56
T*
125
31
1
5
16
19
19
76
lOlt
51*
60
1
1
October.
November
December.
It
71
72
56
1|
36
18
318
81
5
96
67
1959-Januarj
February .
21
38
88
5
33
26
.
Source:
.
See Table 1.
59
5i
3,1*93
3,87U
It
271
236
155
1
1
1
59
70
61
195
2 lit
556
236
1
1
57
212
Pootnotee follow Table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Fiscal year
or month
Net accrued
Interest on
savings bonds
and Treasury
blllB 1/
Clearing
account for
public debt
Interest 2/
1.952
1953
-2U
28
68
26
-11*
-8
109
156
-7
-6
175
335
91*3
-67U
-753
-1*
-1*50
579
-811
It 70
-2
-2
1,170
177
112
1,870
510
1956
1957
1958
1*56
-15
388
231*
251*
91
1959-January
February.
.
Source:
See Table 1.
6/
-211*
521*
October.
November
December
^
Notes to
International
Monetary Fund
-ltd
-250
-115
-55
1*97
At^UBt
September
Armed forces
leave bonds
-9
195l»
1958-July
service
bonds J*/
13
1955
1959 (Sat.)...
i960 (Est.)...
Adjusted
Clearing
account
for
checks
outstanding
etc. 1/
-160
-68
638
758
718
1951
Noncash expenditures Involving Issuance
of public debt securities i/
525
00
It
275
279
It
72
572
615
56
65
233
-323
lU
-13
-8
296
129
-11*3
56
209
7
-493
-221
255
61
11*1
151
-ItO
695
252
76
-131.
-lt67
-1*56
110
50
51
-333
123
-9
U
Footnotes follow Table 7.
257
11
563
-lU
-iU
It
,015
B
,,...
-
-
-
Treasury Bulletin
16
.
CASH INCOME AND OUTGO
.
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
(Met borrowing, or repayment of borrowing (-); In mllllone of dollars)
Change In public debt and agency obligations held by the public
Fiscal year
or mcntta
Public debt
Increase, or
decrease (-)
1951
1952
1953
195lt
1955
1956
1957
1958
Plus: Net sale of obligations
of Government enterprises In
the market
Public and
trust enterprise funds
-2,135
3,883
6,966
5,189
3,115
-II.
33
11
602
269
-1,623
173
-2 ,22lt
5,816
1,085
567
8T2
86
-167
8,657
277
71*8
556
1959 (Est.)....
i960 (Kst.)...,
10
llU
-59
-877
1958 -July
August.
September,
Government
sponsored
enterprises
,
Net investment in Federal
securities by Government agencies
Less:
Trust funds
Government
sponsored
enterprises
Public
enterprls
fund a
101
79
-77
126
179
153
I>U6
171
2,li5ll
51.9
-3,7i>3
Ul
U6l
-3,392
10,209
-288
105
101
36
91
120
IU6
-139
380
-508
810
-31
10
73
-311.
-15
uu
26
-8
-79
2,516 2/
2,262
-2
Increase in
securities
held by the
public, or
decrease (-)
-5,308
175
3,640
3,130
10l»
3,369
3,355
3,068
1,686 1/
1,236
37''
-186
EJluala:
5,560
268
-1.98
-3
163
-323
9
-all
2,626
-1,311
October.
November .
December.
3,5i«6
-32
-51
li,210
-37
-28
-520
-219
-250 1/
•
2,8U8
126
56
*
7
11
-6U
3,ll«i<
1959-January.
February.
2,879
-697
.
3,009
-1,810
.
.
-136
.
Fiscal year
or month
interest
on
savings
bonds and
Treasury
bius
y
206
57
Less:
Net
accrued
-1,062
-63
-71.
15
16
-12lt
197
201
3,61.7
175
-563
Deductions for noncash and other transactions
Issuance of public debt securities representing expenditures, or refunds of receipts
^
Adjusted
service
bonds
6/
Armed
force
leave
bonds 6/
Notes to
International
Monetary
Fund 6/
Excess
profits
tai
refund
bonds 2/
Total
deduc
tions
ElluBls:
Less:
Net cash
borrow ing
from the
public^ or
repayment
Transactions
not
reflected
(-)
In
the
Bluals:
Net cash
borrowing
through
the
Treasurer's
account 8/
Treasurer's
account or
repayment {-)
,
-160
-68
13
-9
U89
680
28
722
1.97
-2U
-lU
-8
109
156
61.1.
U56
388
-7
-6
-671.
251.
-i.
-1.50
623
-292
-200
1959 (Est.)....
i960 (Eat.)
525
UOO
-2
1,170
1,693
8,516
398
-686
1958 -July
August
September,
56
-569
2,575
17
2,558
-1,371.
1.6
-1,1.21
3,983
2,982
1951
1952
1953
638
1951.
521.
1955
1956
1957
1958
758
718
.
.
.
October.
November .
December .
.
1959-January. ..
February.
Source:
See Table 1.
175
-2
lU
-13
618
-5,796
-505
2,919
2,512
1,809
366
-3,100
5,760
-I.,
79
170
155
256
230
399
51.9
506
-5,875
-671.
2,763
2,255
1,579
-I.,
765
-3,6U8
5,253
8,516
-686
69
-638
56
7
70
51
63
123
61
183
l.,027
1.3
lUl
3,003
51
21
18
33
3,51.6
18
-627
69
3,527
-695
65
lUl
76
110
50
11.5
-9
U
Footnotes on following page.
101
64
.
{pril
.
19?9
17
CASH INCCME AND OUTGO
Footnotes to Table 4
Net operating eipendlturee, or receipts (-), as measured by fimds
provided by or applied to net security transactions reflected In
Treasury reports (see Table 7). To a large ext«nt, theee Govemmentaponsored enterprlaee secure funds for their operations by direct
borrowiug from the public or by cashing Federal securities which
they hold, and they apply the net Income received trota operations
to repayment of borrowing from the public or to Investment In Federal
securities. On that basis, net expenditures for operations are
shown in this table In terms of the combined net of disinvestment in
Federal aecurltlee and sale of agency obligations In the market^
2/
i/
hj
2/
and net receipts from operations are shown In terms of the combined
net of Investment In Federal securities and redemption of agency
obligations In the market.
Not reported prior to I95U
See Table 7, footnote 1.
Does not Include revolving fund receipts representing acquired
securities amounting to$l,6U3,070 (par value).
Dlliers from monthly statement of receipts ana expenditures for
December 1958 because of error in classification in that
statement.
Footnotes to Table 5
Federal Intermediate credit bank franchise tax through December 19^6
and, beginning 1953 » also reimbursement by Panama Canal Company for
expenses end services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for Administrative expenses, and also for refunds of taxes (treated aa an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; re lmbursen»nt by
Highway Trust Fund for refunds of taxes; reimbursement by the District
of Columbia; peyTnent of dividends, Interest, etc., by Federal National
Mortgage Aeaocietlon's secondary market operations; and Federal
Intermediate credit bank franchise tax and repayment of capital
stock to the Treasury after December 195t> and before January 1959.
Consists of payment of earnings and repayment of capital stock to
the Treasury through 1952; and payment of franchise tax by banks
for cooperatives beginning 1955> and by Federal Intermediate credit
banks beginning January 1959.
Includes relatively email amounts of deductions from salaries paid
by trust funds and Government-sponsored enterprises.
Beginning with
fiscal year 1958 excludes deductions from salaries of District of
^
6/
•
Columbia employees (see footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of paynents to enqiloyees' retirement funds representing
United States and Government corporation shares of contrlbutlone;
payments to the Pallroad Retirement Account (for creditable military
service), the Unemployment Tnost Fund, veterans' life Insurance funds.
Judicial Survivors Annuity Fund, trust fund for technical aervicea
and other assistance under the agricultural conservation program, and
District of Colijnbia; and awards of Indian Claims Commlsalon.
Includes payment by District of Columbia to the Civil Services retirement fxind for its share of contributions, and beginning with 1958
also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Survivors Insurance Trust Fund;
transfers from Civil Service retirement fund to Foreign Service
retirement fund from 1955 through 1957; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment
Trust Fxind through 1955.
Less than $500,000,
Footnotes to Table 6
Accrued diecoiint on savings bonds end bills less Interest paid on
savings bonds and bills redeemed.
Public debt interest due and accrued beginning Jioe 30, 1955, effective
date of the change In accounting and reporting from a due and payable
basis to an accrual basis; for 195^, consists only of public debt
Interest checks and coupons outstanding; net Increase, or decrease
(-).
Not reported as a separate clearing account prior to 195^
Treated as noncash expenditures at the time of issuance of the
securities and as cash expenditures at the time of their redemption;
net Issuance, or redemption (-).
Issued in 1936 In exchange for adjusted service certificates held by
^
6/
•
j/
•
veterans of World War I. The bonds matured In 19^5.
Issued in 19^7 in payment for accumulated leave. The last of these
bonds matured in 1951.
Part of the United States subscription to the capital of the International Monetary Fund was paid In the form of nonlnterest-bearlng
nonnegotiable notes payable on demand (see 19^7 Annual Report of
the Secretary of the Treasury, pages 1*8, 350, and 385)Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-). Prior to 195^* Includes
also public debt interest due and unpaid (see footnote 2).
Less than $^00,000.
Footnotes to Table 7
beginning 195^, In accordance with treatment In Budget
documents, net investment In United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded ae representing net transactions with the public.
In Table U
under "Trust Account and Other rranaactlons," these amo-onts are included in trust and deposit fund account investment.
Itoes not Include investments representing acquired securities amounting
to $1,6U3,070 (par value) and donation of securities amounting to
$1*5,600 (par value).
Differs from monthly statement of receipts and expenditures for
December 1958 because of error in classification in that statement.
In this table,
kj
2/
6/
jj
8/
*
Accrued discount on savings bonds and bills, which Is included In the
principal of the public debt, less interest paid on savings bonds and
bills redeemed
Treated as noncash transactions at the time of Issuance and as cash
transactions at the time of redemption; net Issuance or redemption (-).
Excluded from borrowing because the transactions are treated as expenditures In Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3'
Market transactions In public debt securities and agency obligations.
Less than $500,000.
.
Treasury Bulletin
IS
,
Accouirr of
the treasurhi of the united states
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United 3tate8
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
branches.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers
As the balances In these accounts become de-
they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
pleted,
commercial banks throughout the country.
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which
they arise until such time as the Treasury needs the funds
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on Bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955,
pages 275-281*.
Table 1.- Status of the Account of the Treasurer of the United States
\
.
.
April 1959
19
,
the treasuper of the united states
Accouirr of
,
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In mllllona of dollarB)
riecal year
or mcnth
Proceeds fl*om salee of securities l/
Savings
bonds
savings
notes
1951
1952
1953
195^
3,390
2,226
2,667
3,''37
1955
1956
1957
1958
li,i.2li
3,'»57
3,810
2,976
2,82U
1957-Oeoember.
223
1958- July
August. ,
September
266
22U
209
.
October.
November
December
1959-January .
February.
U,679
2,231
2,333
Tax
anticipation
securities
Withheld
and
excise 2/
2,U51
287
5,2''3
5,01(1
U,301i
6,861
5,977
6,035
8,167
5,Oli3
6,568
2,922
13 ,513
786
51.8
3,653
2,930
23't
290
237
3,387
1,099
33
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of United States Government
obligstlons purchssed by them for their own account, or for the
account of thetr customers who enter subscriptions through them,
when this method of payment is permitted under the terma of the
circulars inviting subscriptions to the Issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
In the depositary banks, as follows: Withheld income tax beginning
Total
credits
Withdrawals
6,971
13,270
10,227
211,128
36,1*93
21,716
37,066
Ul,267
"•3,303
'',791
Ul,6l*U
39,879
20,538
23,897
26,709
27,881
2,967
U2,07U
i»2,5ii5
U,6u
39,1''0
U5,ltU8
55,0l>li
50,908
3,533
l',033
U,152
7,903
2,762
1,086
2,90U
of
period
Eiid
High
10,331
13,579
15,859
19,898
1,168
2,968
2,783
3,553
212
192
During period
Income (by
special
arrangement) i/
5,660
5,106
3,071
•,836
6,293
1,1.31
5,1.09
8,776
1,125
950
7,1.93
1,61.9
7,299
38,871
l',365
l.,633
l»6,000
li,082
8,218
6,078
8,869
1,910
1,103
813
1,078
3,081.
3,589
1,710
2,779
3,262
1,975
'.,531
1,281.
3,218
l,9l»8
3,629
1,557
1,728
3,201.
912
2,465
2,685
3,365
5,1.86
186
1,620
6,7'»5
li,210
6,576
5,237
5,W.U
3,262
1,769
3,535
8,055
1,218
23
11,97''
5,593
2,916
6,025
l.,062
l»,879
U,998
5,265
5,523
3,1.68
l.,355
5,1.00
l.,513
2,7''6
1,133
li,113
1,060
3,A58
18
l«,755
11,169
l.,05l.
l.,lUl.
4,827
5,427
3,454
3,951
^
Average
3,208
3,255
l.,212
3,870
3,991
3,373
2,987
3,21.6
5,263
3,133
March 19I.8; taxes on employers and einployees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Ballroad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning July 1953.
Wider a special procedure begun in March 1951, authorization
may be given for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank to be credited to the tax and loan account in that bank.
This procedure is followed during some of the quarterly periods
of hesvy tax payments.
..
..
.
.
20
.EEBT OtTTSTANDUG-.
Table 1.- Summary of Federal Securities
(in mllllone of doULara)
Total outatandlae
B3d of
fiscal
year or
month
Guaranteed
Public
debt
Total 1/
255,251
259,151
266,:i23
271,31*1
255,222
259,105
266,07a
271,260
1955
1956
1957
1958
27l«,ltl8
27l»,37l>
272,825
270, 63U
272,751
270,527
276,lvliU
276,3''3
107
101
1957-De camber.
275,002
27lt,898
1958 -July
August.
Se ptember
275,568
275, ''66
278,581.
276,781t
278,1*76
October.
NoTember
December.
280,323
263,167
283,031
385,907
285,216
1959 -January..,
February
Public debt
GuOi'an-
Public
debt
eecurltlee 2/
1951
1952
1953
195^
.
Matured debt and debt bearing no Interest
IntoroBt -beer Ins debt
teed
aecurltlee 2/ iJ
29
U6
252,879
256,907
252,852
256,863
52
263 ,997
263,Qlt6
81
268,990
kh
1k
271,785
269,956
268,592
27
Monetary
Fund jt/
512
2,21.2
1.19
1,271.
2,125
2,350
298
268,910
2,372
2,2UU
2,126
2,351
2,370
UU
51
80
1,302
1,1. il
575
550
525
502
271,7111
'•3
2,63''
1,567
1.77
73
1,71*2
1.60
106
101
2,869
2,0U2
1,068
618
I1I.U
27'<,798
269,883
268, U86
27U,698
2,633
2,868
lOU
272,977
272,8711
27'»,011
276,666
102
108
118
273,910
276,951
275,0<»
280, 2U
112
278,561
283,060
282,922
107
109
278,672
281,531
280,9117
280,839
111
106
108
285,801
285,104
106
283,913
283,354
283,608
283,213
105
111
277,056
275,122
112
Source; Dally Treasury statement.
1/ Includce certain obllgatlona not subject to statutory limitation.
Tor amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury,
i/ Consists of Federal Housing Administration debentures beginning
March 1953Special notes of the Itolted States Issi^d to the International
!*/
1,283
1,61.6
1,6U6
589
666
529
597
lOU
2,025
2,021.
81.1
71.6
1*37
101
1,557
1,526
1,662
1,556
1,525
1,661
•97
63a
619
626
1.25
1,65)
1,636
1,650
1,635
5kl
2,081.
2,081.
903
687
667
757
1,99'.
1,993
1,861
822
7I.8
U22
677
762
422
108
117
28l,li25
1.37
1,861
2,01.2
1.81
6u
521.
Guaranteed
accurltlee 2/
Other
2/
(ifltured)
1*30
1.27
1.21.
1.23
U21.
1.23
Monetary Fund In payment of part of tbe Uilted States eubecrlptlon
pureiiant to provlelonB of the Brettco Woode Agreemente Act. The
notee bear no Interest, are nonnegotlable, and are payable on
2/
demand.
Includes savings stamps, excess profits taj refund bonds, and
currency Items. For current month detail, see "Statutory Debt
Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total Interest-bearing securities
aid of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Ccmputed annual
Interest charge
Public debt
and guaranteed securities 1/'
Public
debt
2.1.38
2.31.2
2.1.38
2.31.2
2.351
2.351
7,21*5
2.576
2.730
2.638
7,876
7,210
7,019
7,088
5,71*0
263,91.6
6,1*32
6,1*31
268,910
6,300
6,388
6,298
6,387
1956
1957
1958
269,956
268,592
6,952
7,328
6,950
7,325
798
269,883
268,U86
27U,698
7,21*8
1957-December
272,977
272,871.
7,878
1958-Julj-
271.
,011
273,910
276,951
271.,
271,71*1
BlUe
i/
Certificates
Ouaranteed
NonmarketTreasury
bonds
able
Issues
Special
issues
securities
2.606
2.675
2.671
2.585
2.51*7
2.1.80
2.623
2.659
2.720
2.751
2.789
2.075
2.U85
.62U
2.501.
2.1.62
3.330
2.806
2.576
.853
.892
2.705
2.635
2.630
2.606
2.611
2.622
3.699
2.866
2.505
2.675
2.639
2.619
3.329
2.361
2.361
2.801
2.790
2.785
2.575
2.585
2.592
2.895
2.697
2.899
2.633
2.635
2.637
2.627
2.625
2.629
2.512
a.836
2.930
2.361
2.361
2.212
2.823
2.823
2.592
2.592
2.592
2.902
2.61.0
2.6I.3
2.636
2.901.
2.951*
2.909
a.6U6
2.960
2.995
2.212
2.599
2.995
3.276
2.607
2.608
2.912
2.915
2.61.8
2.251.
1.539
1.875
1.875
2.319
1.928
1.173
2.576
a. 730
2.638
2.1.27
2.651.
2.707
3.197
2.51.6
2.889
2.889
2.965
7,206
7,016
7,065
a. 63a
2.632
2.53'*
2.531*
2.531.
2.37'*
a. 577
2.577
2.61*7
2.61.7
2.679
2.689
5,981
277,058
275,122
October.
November.
December.
278,672
281,531
276,561
281,1.25
7,370
7,536
7,367
7,533
280,91.7
280,839
7,51*6
7,51.3
283, 9X^
283,354
283 ,806
283,243
7,670
7,871
7,667
7,868
1959 -January .
February
Total
2/
1.981
2.051
2.207
2.OU3
2.079
August. .
September
275,001.
Total
public
debt
\J
5,7^0
5,98a
1955
ties
Marketable Issues
2.270
2.329
252,852
256,863
195'*
Public debt
Total
Interestbearing
securi-
2.270
2.329
252,879
256,907
263,997
268,990
271,785
1951
1952
1953
Computed annual Interest rate
1.569
1.711
1.399
1.560
2.327
2.317
1.751.
1.838
2.31*2
2.UI.0
1.61*6
2.625
3.31*5
1.033
3.510
2.1.1*3
.951
1.185
1.702
2.679
2.689
2.558
2.610
2.62U
2.701.
2.701.
2.61*9
2.781
2.781
2.769
Source: Dally Treasury statement.
Note: The computed annual Interest charge represents the amount of
Interest that would be paid If each Interest-bearing Issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of Interest. The charge Is computed for each Issue by applying the appropriate annual Interest
rate to the amount outstanding on that date. The aggregate charge
for all Interest-bearing Issues constitutes the total computed
anniwl Interest charge. The average anniial Interest rate Is computed
1/
2/
i/
j*/
.81.3
2.71.6
2.650
2.656
2.578
2.575
2.590
2.623
2.621
2.620
2.618
by dividing the computed anntial interest charge for the total, or
for any group of Issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; sec Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual Interest charge and annual Interest rata.
The annuel Interest charge and annual interest rate on United
States savings bonds are computed on the basis of the rate to
maturity applied against the smount outstanding.
April 1959
21
.UEHT OUrSTANDHC.
Table 3.- Interest-Bearing Public Debt
(In fflllliona of dollerB)
.
Treasury Bulletin
22
.DEBT OUrSTANDHC.
Table 5«- Special Issues to United States Government Investment Accounts
(In millions of dollara)
Federal
Deposit
Insurance
Corporation
Ehd of fiscal
year or month
1951
SI*
1952
1953
195^
'•0,538
'•2,229
,653
37,739
Federal
Federal
Disability hcnoe
Inaia-ance
loan
Trust
Fund
banlca
868
888
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
86
79
61
12,096
Federal
Government
employees' Life
retirement Insurance
f\jnds
Fund
Elfihvsjr
Trust
Fund
5,602
5,85'.
1,23''
5,272
18,239
91.
6,168
1,233
5,31.6
19, '•67
19, '•63
6,667
5,1.81
7,391.
1,217
1,200
18,610
103
103
112
7,738
1,11'U
UOU
822
5,570
5,665
17,05'.
200
325
996
52
50
165
15,532
'•,391
5,011'
5,2'.9
'•3
'•5,11''
1957
1958
'.6,827
U6,2U6
673
718
673
1957-December
'•5,799
6U0
580
50
18,519
83
7,31''
1,16^
587
1958-July
August. .
September
'•5,877
'•6,313
''5,996
673
675
676
1,027
1,112
18,300
90
18,51'<
9U
96
7,811
7,905
7,981
1,138
1,1/^3
165
165
165
October.
November.
December.
'•5,367
''5,112
670
631
1,171
1,200
1,257
165
165
165
1T,9''8
itU.SliO
1959-January
FebniBry.
''3,907
698
710
1,253
1,296
165
165
17,182
17,067
.
43 ,870
623
Postal Railroad
Savings RetireSy stent ment
Account
1/
706
552
^52
213
91
ment
Trust
Other
2/
Fund
2, I'll.
7,266
2,663
3,128
3,3^5
3,1' 86
7,71.5
8,287
e,02u
13
9
32
21.
7,1.79
79
3,531
7,737
7,996
6,671
112
5,51'0
3,209
8,038
70
5,659
5,653
3,581.
6,1.1.1
22h
1,131
865
807
813
5,6^
3,598
3,581
6,529
6,287
127
129
1,126
1,123
1,120
781
586
386
5,61.0
3,508
5,632
5,625
3,5U
101'
8,019
8,071
8,12U
3,503
6,12U
6,18U
6,055
118
119
117
108
110
8,163
8,225
1,U5
282
356
5,621
5,616
3,^,35
5,759
5,652
119
12?
18,327
17,797
17,753
5,''36
5,191
1955
.
Life
Insurance
Fund
a
892
835
l'',0i'7
1956
,250
National
Service
1,300
1,300
1,299
77
50
50
232
8''6
Federal
Savings
and Loan
Insurance
Corporation
96
100
Source: D'^lly Treasury statement.
1/ Consists of Canal Zone Postal Savings System beginning April 1958.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March I956),
1,131'
1,110
6
5
3,600
3, ''75
3,1. 1.1
Adjusted Service Certificate Fund {through December 1956),
various housing Insurance funds, and Veterans' Special Term
Insurance Fund.
Less than $500,000.
123
120
April 1959
23
.DEBT OUrSTANDIIC
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In mlllioae of dollars)
:
Treasury Bulletin
21^
STATUrOEY DKBT LIMITATION
The Second Liberty Bond Act ( 3I U.3.C. 757 b), as
amended by an act approved September 2, 195S» provides
that the face amount of obligations Issued under authority
authorized as follows: $6 billion beginning on August PS,
195^f and ending on June 30, I956 (acts approved August 2S,
195^» and June 30, 1955); S3 billion beginning on July 1,
of that act, and the face amount of obligations guaranteed
195^1 and ending on June 30,
as to principal and Interest by the United States (except
195^); and $5 billion beginning on February 26, 195S. and
ending on June 30, 1959 (act approved February 26, 195S ).
guaranteed obligations held by the Secretary of the Treasshall not exceed in the aggregate S2S3 billion out-
ury),
standing at any one time.
The corresponding limitation
previously In effect, under the act of June 26, 19U6, was
S275 billion.
In addition, temporary Increases have been
1557 (act approved July 9,
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 cxurent
redemption values.
Table 1.- Status under Limitation, February 28, 1959
(In mlllione of dollars)
Maximum amount of aecurltlee which may be outatandlng at any one time under limitation Imposed by the act
of September 2, I958 (31 U.S.C. 757 b), ae increased ten^jorarllj by the act of February 26, 1956
2e8,CXX)
Amount of securities outstanding subject to such, statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
284,681
112
Guaranteed aecurltlee (excluding those held by the Treasury)
Total amount of securities outstanding subject to statutory debt limitation
284,793
Balance issuable 'under limitation
Source:
3 ,207
Dally Treasury statement.
Table 2«- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding February 28, 1959
(in milllona of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
Total marketable
Noninarke table
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds. Investment series
Total nonmarketable
Special Issues to Government agencies and trust funde.
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
Uhited States savir^s stamps
Excess profits tAx refund bonds
Special notes of the liilted States, International Monetary ?\»id Series.
Uiited States notes (lees gold reserve}
Deposits for retirement of national bank and Federal Beserve Bank notes
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Guaranteed secorltlea:
Interest -bearing
Matured
l/
Total guaranteed securities
Total public debt and guaranteed eecxarlties.
Subject to
statutory debt
limitation
31,832
37,957
25,299
84,170
Not subject to
statutory debt
limitation
Total
outstanding
April 1959
25
.DKBT OPiliATIONS,
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding February 28, 1959
(In mllllone of dollare)
)
Treasury Bulletin
26
.DEBT OPKRATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding February 28, 1959
(In millions of dollars
-
(Continued)
u
April
m9
27
.DEBT OPEPATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar aaiounta In mllllone]
Deecrlptlon of new iaeue
leeue date
Ntmber of
days to
maturity
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
Total
On competi-
On noncompeti-
In
eiDount
tive basis
tive basis 1/
exchange
Regular weekly bills:
!95e-Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
1..
11.
18.
25.
2.
9.
16.
20.
28.
Dec.
U.
Dec.
11.
Dec.
18.
6.
13.
Dec.
26.
1959-Jan.
2.
Jan.
8.
Jan.
15.
Jan.
22.
Jan,
29.
Feb.
5.
Feb.
2
92
8
91
91
91
91
Feb.
26.
Mar.
5p
Jwie
Mar.
June
18
26
25
8
2,291.5
2,381.6
3,088.1.
2,986.8
2,871.8
1,800.3
1,800.1
1,800.1
1,799.8
1,565.0
1,UU6.U
l,UUU.l
1,UU0.3
1,801.3
1,800.1
1,803.0
1,799.7
1,802.7
1,565.3
1,535-5
1,5U2.2
l,UU5-3
1,503-2
1,501-u
l,U65-9
1,501.6
1,520.0
91
92
91
90
2,8lU.U
2,856.6
2,998.1
2,830.5
1,802.0
1,800.6
91
91
2,79't.7
2,U07.'»
1,799.8
1,599.9
182
1,072.9
1.00.3
91
2,'* 75 .6
1,600.1.
1,519.9
1,263.3
35U-2
1,285.0
182
90
l8l
761. .3
2,393.5
833.8
UOO.l
1,600.8
399.6
1,297.5
367.U
1,803 .0
1,802.8
361.
90
l8l
2,1.78.9
1,600.3
75'' .9
'.00.1
Apr.
9
9
91
2,508.2
680.0
1,599-3
182
1.00.0
1,33U.7
377.6
16
16
91
182
2,178.'.
1,599.7
U00.6
1,299.7
369.7
23
23
91
2,375.1
593.1
1,1.00.8
182
1,102.6
373.2
30
30
2,625.9
780.9
1,399-3
182
7
6
2,299.9
716.1
1,399.7
399.9
1,131. .2
182
2,303.6
725.3
1,U01.3
uoo.o
1,128.6
373.6
91
2,39U.8
922.1
May
91
91
Aug.
13
90
181
Kay
21
20
182
28
27
i8a
Aug.
May
Aug.
2/
2,635.6
2,575.6
2
Aug.
Ip
2,5'>9.5
2
May
Tax anticipation bills:
1958-Nov.
20
16
1959-Feb.
19
92
2,567.8
Apr.
Apr.
26p
5
13
91
91
91
July
July
19p
29
5
12
11
19
Apr.
Mar.
22
Mar.
Mar.
June
Mar.
July
12p 2/.
15
26
July
Mar.
"t
Feb.
Feb.
Feb.
Feb.
July
13.
19-
Other bills:
1958-Oct.
1959-Apr.
1959 -Jan.
Apr.
Feb.
Mar.
11
18
26
Jan.
Jan.
Jan.
Jan.
23.
30.
Not.
Nov.
Nov.
Nov.
1958-Dec.
Dec.
Dec.
Dec.
lU
91
June
Sept.
4
3
91
182
June
Sept.
11
10
91
182
J'one
Sept.
18
17
91
182
Ju-ne
25
Sept.
24
91
182
2U
June
Sept.
May
1960-Jan.
217
15
15
219
289
733.8
UOO.l
UOO.l
1,379.5
38O-9
1,116.7
373-7
371.7
Amount
maturing on
Issue date
of new
offering
Total unmatured Issues
outstanding
after new
issues
.
Treasury Bulletin
28
.DEBT OPERATIOHS.
Table 2.- Offerings of Treasury Bills
Ob total bids aooeptad
Arera^e price
per hundred
BegulAr veekl; blUa:
1958- Sept.
Sept.
Sept.
Sept.
99.378
2.1.61
99. '•Ok
2.359
99.3't2
2. 601.
25.
99.358
2.511
2.
99.25k
99.326
99.260
99.291
99.331
2.920
2.668
2.927
23.
30.
Hot.
Not.
Rot.
Not.
20.
28.
9.
16.
6.
13.
Dec.
U.
Sec.
U.
Deo.
99.330
99.291
99.273
99.319
Jan.
8.
Jan.
Jan.
ret).
15.
22.
29.
5.
r»b.
Feb.
Mar.
13.
19.
26.
5p
99.'>00
99.''19
(Percent)
99.366
99.375
2.1.1.6
99.369
99.398
99.331
99.352
99.292 2/
99.360
99.267 8/
99.300 2/
99.335
2.770
2.532
2.900
2.769
2.631
99.233
99.306
99.257
99.289
99.328
2.939
2.813
2.658
99.335 10/
99.330 n/
99.300
99.326
2.631
2.622
2.769
2.696
99.329
99.288
99.272
99.317
2.655
2.786
2.660
2.732
2.781
2.7k9
3.066
2.789
3.066
2.720
2.999
99.288
99.287
98.1.27
2.817
2.821
3.092
2.916
3.111
99.313
2.71.8
96.1.80
3.023
2.371.
2.298
2.500
2.1.96
2.382
2.647
2.536
3.001
2.71.5
99.327
98.532
2.690
2.920
99.335
98.5U2
2.660
2.900
99.321.
2.701.
98.528
2.928
'99.323
99.331
98.537
2.6I.7
99.319
2.691.
98. 5*
2.678
2.959
2.891.
98.U9I.
2.979
'99.290
2.808
99.325
2.81.8
3.031.
98.1.80
1&/
2.670
3.007
99.280
l98.'i66
98.1.58
3.050
'99.233
98.366
^
3.031.
98.U58 12/
99.230
98.330
3.01.6
3.232
2.769
3.050
[99.21*8
99.267 18/
98.332 12/
2.900
3.299
99.21.5
[98.313
2.975
3.337
2.987
3.351
99.312
98.k29
2.721
3.107
99.333
98.U68
2.639
3.030
99.309
.298
2.899
3.326
99.3l'0
2.6U0
3.093
99.295
198.328
98.301.
2.820
3.373
99. 311
1,98.355
2.726
3.253
99.319
96.380 22/
2.69I.
99.309
98.352
2.73k
3.260
f99.3''6
2.589
2.978
99.366
98.508 21/
2.508
2.951
99.3k0
2.6U
98.1.83
3.001
2.816
3.111
99.305 22/
98.443 22/
2.749
3.080
99.280
98.418
2.848
3.129
98.294
3.062
3.375
99.288
98.312 2i/
2.817
3.339
99.223
98.292
3.074
3.378
99.302
98.454
2.763
3.058
99.308
98.464
2.738
3.0J8
99.297
98.445
2.781
3.076
99.301
98.436
2.766
3.093
99.306 25/
98.483
2.745
3.001
99.297
98.
4U
2.781
3.137
3.11.2
98.193
97.983
3.0k0
3.3k6
2.250
97.242
3.436
f
r 99
f
[98.l.9l>
f
99.288
(99.226
26p
(Percent)
BlulTaXant rate 4/
3.095
2.739
3.017
f
I
Mar.
Price per hundred
2.901.
12p 1/
19p
nulvalent rate 4/
98.1.35
I
Mar.
2.7T.
2.876
2.723
2.805
2.805
3.061
1.98.427
Mar.
Fno« per hundred
99.266
[
Feb.
2.6I19
-
99.315
?8.U83
,
Jan.
On ccnpetltlTe blda aoo«pted
99.297
99.305
96.U50
99.295
96.U50
99.320
98.U92
26.
2.
2.61.7
98.I1I12
99.291
99.291
18.
1959- Jon.
2.80l>
(Continued)
High
(Percent)
U.
11.
18.
Oct.
Oct.
Oct.
Oct.
Oct.
Dec.
BlulTalsnt arvrage
r«t« i/
-
C
I
IZ/
,,,
li/
U/
ii/
98.1.1.5
3. 201.
98.1.37
99.263
98.306
98.1.08
3.303
2.73k
3.1k9
Tax anticipation billa:
1956 -NOT.
1959-»»b.
20.
16.
26/
98.217
98.015
2.999
3.293
98.276
96.106
98.023
97.282
3.250
3.386
97.391 22/
2.900
Othar bllla:
1958 -Oct.
1959-Apr.
8 3/.
ip...
Footnotes 2 and 3 on preceding page.
i/ Bank dlecount baala.
5/ Except $300,000 at 99.521, $300,000 at 99.464, $100,000 at 99.452,
and $100,000 at 99.448.
Except $2,340,000 at 99.404, $100,000 at 99.400, $100,000 at
99.390, and $100,000 at 99.380.
Except
$50,000 at 99.358, and $50,000 at 99.324.
2/
S/ Except $13,000 at 99.368, $215,000 at 99.341, $500,000 at 99.324,
and 4l, 000, 000 at 99.290.
2/ Except $15,000 at 99.368, $300,000 at 99.343, $200,000 at 99.330,
and $1,000,000 at 99.325.
12/ Except '$400, 000 at 99.342.
11/ Except $2,000,000 at 99.343, and $200,000 at 99.335.
12/ Except $800,000 at 99.326.
12/ Except $200,000 at 99.291, $150,000 at 98.510, and $200,000 at
98.483.
U/ Except $150,000 at 98.468.
V
ii/
16/
12/
12/
12/
22/
21/
22/
22/
2i/
25/
26/
22/
p
Except $150,000 at 98.516.
Except $150,000 at 98.500, $2,250,000 at 98.498, and $50,000 at
98.488.
Except $200,000 at 98.500.
Except $1,175,000 at 99.328.
Except $50,000 at 98.400, $400,000 at 98.378, $250,000 at 98.366,
and $50,000 at 98.350.
Except $50,000 at 98.483.
Except $20,000 at 99.330, and $100,000 at 98.533.
Except $200,000 at 99.346.
Except $750,000 at 98.500, and $265,000 at 98.494.
Except $150,000 at 98.427, and $50,000 at 98.365.
Except $300,000 at 99.31?.
Except $50,000 at 99.450, and $2,000,000 at 99.331.
Except $600,000 at 97.944, and $50,000 at 97.421.
Preliminary.
•
.
1959
i pril
29
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar aaountB In nllllona)
Deacriptlon of Issue
Hew Boney raised froa
Hiinbar of
Haturlt7
data
IsBua
data
1953-Apr. 23....
May
May
May
21
28
27
July 2
July 9
July 16
Oct.
Oct.
Oct.
1
8
15
Sept.lO
Dec.
10
19^-Mar. 22
195l>-June
ZU
Jrme
I6
Apr. 27....
1955-July 7
July Ik
July 21
July 28
1955 -Oct.
Oct.
Oct.
Oct.
6
13
20
27
Aug. U
Aug. 11
Aug. l8....
Aug. 25....
Hot.
Hot.
Hot.
Hot.
Sept. 1
Sept. 6
Sapt.l5
Sept .22
Sept .29
Dec.
Dec.
Dec.
Dec.
Dec.
8
15
22
1956 -Mar.
23
1956-Oct. 17
1957-Jan.
16
Hot. 16
Feb.
15
Dec. 17
Mar.
22
June
Ma;
2U
2
Dec. 15....
1957-Jan. 16
Jan. 31....
Feb.
Feb.
Feb.
Feb.
Feb.
7
lU...,
15
21...,
28...,
Mar. 7....
Mar. Ih
May
27....
July
3....
Aug. 21
'
'
6
20
Sept. 18
Sept. 3
Sept. 10
Sept. 17
Sept. 21>
,
I
23
June 3. .
June U. ..
June 11....
Juna IS
June 25
•
I
1953 ^uly
Aug.
Aug.
Aug.
7
days to
maturity
Dec. 19....
Dae. 26...,
1958-Jan. 2...
Jan. 9...,
Jan. 16....
Jan. 23...,
Mar. 13....
Sept.U....
Sept. 18
Sept.25....
Oct. 2
Oct. 8....
Oct. 9
Oct. 16
Oct. 23
Oct. 30....
Not
.
6
Not. 13....
Not. 20
May
May
June
May
May
3
10
17
25
1
29
Aaount
of bids
tendered
Amount
of Slds
accepted
Average rate
on bids
accepted 1/
Increase In regular weekly bills,
or decrease (-)
Tax anticipation bllle
Other
bills
Treasury Bulletin
30
.DEBT OPERiCTIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
-
(Continued)
,
April
m9
3X
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
DBt«
subecrlptlon
bcx}l£^ were
opeDed
aecurHy
I>eecrlptlon of
iBsue
Maturltj
Aaiount leaued
Amount of
eubacrlptlons
tendered
Period to
Date
of
First call
Cash 1/
Exchange
For
caah 1/
In exchange
for other
securltlee 2/
(Tn millions of dollars)
2/15/53
2/15/53
2/2/53
''/1/53
2-1 A* Certificate
2-1/2* BoDd
1-1/2* Hote
12/15/58 i/
U/l/^-EA
3-lA* Bond
5/20/53
5/1/53
6/1/53
2-5/8* Certificate
7/6/53
7/15/53
2-1/2* Certificate
8/5/53
8/15/53
2-5/8* Certificate
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Rote
1-1/2* Hote
10/28/53
11/9/53
2-3/1.* Bond
11/18/53
12/1/53
2/15/53
1-7/8* Rote
2-1/2* Bond
2/l/51<
2/15/5''
2/15/5''
1-5/8* Certificate
2-1/2* Bond
1-1/2* Hote
''/13/53
I jr
5 yr
5 yr
2/15/51* -A
yr
1 yr
6/15/78-83
10
6/I/5I.-B
10
8,11'.
8,111.
620
620
383
Ii:
25 yr
Ij
5,250
''18
383
1/
1,188
1.18
11,858
8,687
3/22/51.-0
5,902
(tax ant. j/)
9/2/53
!£/
y
l'/l/5''
5/17/5't
5/5/51'
5/17/5'*
8/2 /5U
7/2l/5'>
1-7/8* Hote
1-1/8* Certificate
Certificate
1*
-
•
•
1 yr
2.788
9/15/51. -E
1 yr
U,72l'
It,
2,997
121
2,997
3/15/57-A
10/l/58-K>
-
721.
yr
5 yr
6
9/15/61
7 yr
10
12/l5/5''-B
1 yr
5 yr
i
8,175
8,175
10
1,71.8
1,71.8
7.007
11,177
119
7,007
11,177
119
3
12/15/58 1/
2/15/55-A
7 yr
U/1/59-EA
5 yr
2/15/59-A
1'
5/17/55-B
3/22 /55-C
1 yr
8/15/55-D ii/
2,205
9,750
yr
121
2,239
12,51.3
1 yr
U/15/61
•
2,788
8/l5/5l'-D
2,897
3,886
2,897
3.886
9,250
7i
3,731.
(tax ant. 11/)
10/l>/5''
1-1/8* Certificate
2-1/8* Bond
1-5/8* Hote
10/1/5^
1-1/2* Hote
8/15/5I'
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bond
8/15/5''
8/15/51.
8/3 /5'»
9/23 /5^
ll/22/5't
12/15/51'
12/15/5''
2/15/55
2/15/55
2/15/55
2/1/55
3/22/55
''/1/55
-
-
1-5/8* Hote
Hote
Bonl
2*
3*
1-3/8* Certificate
-
3,558
3,806
3,558
3,806
5/15/57 -B
1 yr
6 yr
2 yr
10/1/59-H)
5 yr
99
99
8/15/55-D ii/
12/15/55-B
8/15/63
1
yr
1 yr
l.,919
l.,919
8yr
5,359
6,755
5,359
6,755
3/15/56-A
8/15/57-C
2/15/95 15/
1 yr
2 yr
UO yr
8,1172
8.1.72
3,792
3,792
U/15/60
6/22 /55-r
m
7i m
3
1
6
l.,155
8,190
!
!
1.921.
1,92''
3,210
7,938
2i
(tax ant. 16/)
''/1/55
!l/
1-1/2* Rote
Rote
5/3/55
5/17/55
2*
7/8/55
7/18/55
1-7/8* Certificate
7/11/55
2/15/55
3f
8/1/55
2*
5/17/55
2*
7/20/55
_
10/11/55
10/3/55
10/1/55
!t/
11/28/55
3/22 /56-A
10,620
-
2,202
821
1,720
3
««
5 yr
3,17''
1,1.86
1,1.86
6,81.1
6,841
2,970
278
278
1 yr
9,083
2 yr
2,283
2,283
2/15/57-A
6/15/58-A gi/
2 yr
7,219
2,109
7,219
2,109
12/1/56-D
21./
6
1-1/2* Hote
l'/l/6l-EA
5 yr
lltU
li.it
i'/l/56
7/16/56
8/15/56
2-3/1.* Hote
8/1/57 -D
3/22/57-B
1 yr
12,056
12,056
10/1/56
Certificate (tax ant. 2^)
10/1/61-BO
1-1/2* Kote
12/1/56
3-iA* Certificate
12/1/56
(tax ant. gj/)
3-1 A* Certificate -
11/19/56
[2/15/57
[2/15/57
2/15/57
[2/15/57
l'/l/57
I
m
2,532
9.083
6/15/58-A
(
8
3,17".
8,778
- 6/22 /56-C
(tax ant. 22/)
lO/l/60-IX)
1-1/2* Rote
2-7/8* Hote
2-5/8* Certificate
2-7/8* Hote
It/
3,989
2-1 A* Certificate
2-5/8* Certificate
k/
m
yr
1 yr
198
198
3
10^
8/15/56-B 11/
12/1/55
3/5/56
12/1/55
''0
2/15/95 15/
6/22 /56-B
12/1/55
!i/
5/6/57
1 yr
r
7/16/56
8/6/56
3/18/57
Certificate (tax ant. 22/)
Hote
5 yr
8/15/56-B 11/
1
3/5/56
2/l»/57
-
(tax ant. 12/)
Bond
I./I/60-KA
5/1/57
5/1/57
2-3A*
3-3/8* Certificate
3-1/^* Hote
3-3/8* Certificate
3-1/2* Hote
-
-
3-1/2* Certificate
3-5/8* Hote
2/IU/58-AI
5/15/60-a|
l»/l/62-EA
1-1/2*
-
6ii
10
10/1/57-D
5/15/60-Af
-
5 yr
6/2lt/57-C
2/11./58-A1
U/I5/58-B
2/15/62 -A
3,221
10,613
g
s2/
^
g
,
Jl yr
[3 yr
yr
1; yr
yr
332
1,312
7,271
7,271
8,1.11.
8,1*14
2,1.37
7,1.89
3
9i n
1,1.61.
1,1.61.
3
5 yr
1.
332
1,312
9I.2
5,868
551
551
2,351
2,351
6I.7
61.7
5/
Treasury Bulletin
32
.DEBT OPi!»ATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Period to
Date
subscription
books were
opened
Date
of
Issue
-
Description of security
First call
Maturity
-
(Continued)
Amount of
subscriptions
tendered
Caah 1/
Amount issued
f^
In exchange
cash 1/
f""-
Exchange
°^"
Allotment
ratio
,
securltlee 2/
(In millions of dollars)
B/l/57
8/1/57
8/1/57
7/22/57
r 8/1/57
9/16/57
3-5/8* Certificate
Certificate
UH
Note
UJ
12/1/57-E
8/1/58-c 20/
8/1/61-A 21/
Certificate
Note
Bond
8/1/58-0 20/
8/15/62 -B 21/
10/1/69
U5t
9/26/57
LlO/1/57
y
yr
yr
100
100
100
12
yr
yr
yr
3,067
6,121
t,6U8
5
yr
1
It
1
•*
1-1/2* Note
10/1/62 -BO
fll/29/57
S-S/UHNote
11/15/62 -C
•*
12/2/57
3-7/8* Bend
11/15/7I«
16
yr
yr
11/21/57
12/1/57
3-3/'»* Certificate -
12/1/58-D
1
yr
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/H>/59-A
2/3/58
2/ll'/58
2/lit/58
11/20/57
10/1/57
[
L2/l''/58
-
9,871
10,U87
2,509
100
100
100
933
•
32
yr
9,833
9,833
100
9,770
9,770
3,85k
1,727
1,1U3
65k
1,727
Bond
8/15/66
8
yr
l»/l/63-EA
5
'./15/58
1-1/2* Note
2-5/8* Note
2/15/63-A
U
yr
yr
10
m
15,7'tl
3,971
6/3/58
6/3/58
3-lA* Bond
5/15/85
26
yr
U
m
2,570
1,135
[6/15/58
16/15/58
l-l/U* Certificate
2-5/8* Bond
-
6A/58
5/15/59-B
2/15/65
11
m
6
yr
7/21/58
8/1/58
1-5/8* Certificate
-
6/1/59-C
1
yr
7/29/58
8/6/58
1-1/2* Certificate (tax ant. Itl/)
1-1/2* Note
3/21./59-D
10/1/63 -EO
5
yr
9/29/58
10/10/58
3-1/2* Note
11/15/59-E
1
yr
11/19/58
[32/1/58
\12/l/58
3-3/8* Certificate
3-5/8* Note
11/15/59-S
5/15/61-B
2 yr
/l/2l/59
3-l/lt* Note
5/15/60-B
2/15/80
yr
21 yr
2/28/58
y
2/28/58
'./I/58
10/1/58
1/12/59
2/2/59
3/23/59
3*
1.1/23/59
U*
[2/15/59
12/15/59
3-3A* Certificate
[ i/1/59
I10/1/57
4*
it
U*
Bond
Note
Note
Bond
-
2/15/60-A
2/15/62 -D
5/15/63-B
10/1/69 42/
1
1
3
4 yr
12 yr
ii/
^
6/
1/
8/
2/
Conelate of all public caeb eubacrlptions and aubscrlptione by
United States Govemnent Inveetment accounts.
For maturing securities exchanged for the new lasues, see Table 6.
The 2-1/2^ bonds dated February 15, 1953, were reopened with all
the bonds of the eerlee Identical in all reapecta, as an exchange
offering for the 2-l/8% notes which matured December 1, 1953Total exchangee in the two offerings amounted to $2,368 million.
Exchange offering available to owners of nonmarketable 2-3/U%
Treasury Bonde, Inyestment Series B-1975-80, dated April 1, 1951For further Information on the original offering see "Treasury
Bulletin" for April 1951, page A-1. Amounts shown are as of
March 31, 1959.
The bond offering was made available for exchange of Series F and
G eavlnga bonds maturing from May 1 through December 31, 1953Total allotments en cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions In amoiints up to and Including
$5,000 were allotted In full. All other subscriptions were allotted
20 percent. Commercial banks* subscriptlcns were restricted to an
aao\xit not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
.Imited amounts of these bonds to Gorernment investment accounts,
which subscribed to a total aooint of $ll6 million. Payment for the
bonds allotted could be made with accrued Interest at any time not
later than July 31, 1953.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of Income and profits taxes
dLW March 15, 195'*.
Subscriptions for amounts up to and including $100,000 wore allotted
in full. Subacrlptlona for amounts over $100,000 were allotted 67
percent but In no case less than $100,000.
Subscriptions for amounts up to and Including $10,000 were allotted
533
1,817
7,388
375
1
m
m
13,500
100
375
100
!ii/
7,7U
7,711
It, 078
'•,078
2,738p
885p
5,508p
i.eoop
55/
11,363P
1,'*35p
1,''35f
3 ,052p
l,502p
100
22/
1,181<
11,363p
l^m
100
3,567
2,686
l<
r
1,817
7,388
13.500
llim
sim
26/
21/
l,li8U
533
yr
yr
Bureau of tiie Public Debt. Prellmlnflry figures are frran eubflcrlptlon and allotment reports; final figures are en "clearance"
baala in dally Treaeury statement.
1/
6,715
5,962
Source:
2/
2/
5511
25/
100
3,85i«
2/15/90
2J!/
590
7,786
3,817
2/l5/6it
100 22/
2,000
657
590
ll|m
llim
9,871
10,U87
2,509
l,743p
46/
48/
61 9p
In full. Subscriptions from mutual savings banks. Insurance companies, pension and retirement funds, and State and local governments
were allotted 2** percent. All others. Including conanerclal banks,
were allotted I6 percent but not less than $10,000 on any cne
aubscrlption.
10/ Subscriptions for amoiiits up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but In no
case leas than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of lncon»o and profits taxes
due March 15, 195512/ Subscriptions for amounts up to and Including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted
^0 percent but In no case less than $50,000.
13/ The 1-1/8% certificates dated Ai^ust 15, 195**, ve.-e reopened with
all the certificates of the series identical in all respects, as an
exchange offering for the 1-1 /Q% notes which matured December 15,
195^, the 2% bonds which matured December 15, 195^, and the 2% bonds
which were called for redemption on December 15, 19 5**
Total exchanges in the two offerings amounted to $8,1*77 million.
lU/ Subscriptions for amounts up to and Including $50,000 were allotted
In full.
Subscriptions for amoimts over $50,000 were allotted 50
percent but In no case less than $50,000.
15/ The 3% bonds dated February 15, 1955, were reopened with all the bonds
of the series identical in all respects, aa an additional caah offerlofi
on July 11, 1955, for payment July 20, 1955. The total amount issued
in the two operations was $2,7U5 million,
16/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of incooe and profits taxes
due Jme 15, 1955.
17/ The 2* notes dated May 17, 1955, "ere reopened with all the notes of
the series Identical In aU. respects, as an exchange offering for the
1-1/8% certificates maturing August 15, 1955, Total exchanges in the
two offerir^a amoimted to $10,015 million.
Benalnlng footnotes on following page.
.
April
m9
33
.DEBT OPERATIONS.
Footnotes to Table 4
16/
12/
20/
ilj
22/
21/
2U/
I
I
1
2^
26/
21/
28/
Cash aubacrlptlona for $100,000 or less were allotted In full. Subaorlptlone for more than $100,000 were allotted 62 percent but In no
case leaa than $100,000.
Also dealgnated tai anticipation certlf Icatea, acceptable at par plua
accrued Intereat to maturity in payinent of Income and proflta taxea
due March 15, I956.
Subacrlptlona for $100,000 or lose were allotted In fiai. Subacrlpllona for more than $100,000 were allotted 19 percent but In no case
leas than $100,000.
Subscriptions from savlngs-tjpe Investors totaled $7l>9 million and
were allotted 65 percent.
Subscriptions from all other Investors
totaled $970 million and were allotted 30 percent. Subacrlptlona
for $25,000 or leaa were allotted In full.
Subscriptions for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government Investment accounts.
Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
leaa than 25 percent of the bonda allotted were paid for by July
20,
1955, not less than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
Alao dealanated tax anticipation certlf Icatea, acceptable at par plus
accrued Interest to maturity In payment of Income and proflta taxes
due June 15, I956.
Subacrlptlona .or $100,000 or less were allotted In full. Subacrlptlona for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
The 2-7/8% notes dated December 1, 1955, were reopened with all the
notes of the series Identical in all reapecta, aa a paa'tlal exchange
offering for the I-5/856 notes maturing March 15, I956. Total exchanges in the two offerings amounted to $'",392 million.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of incone and profits taxes
due Marcn 15, I957.
Subscriptions for $100,000 or leaa were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
lese than $100,000.
Also designated tax anticipation certlflcatea, acceptable ot par plua
accrued interest to maturity in payment of Income art! proflta taxea
d'je June 15, 1957.
The 3-3/8* certificates dated February 15, 1957, and the 3-l/25t notes
dated February 15, 1957, were reopened with aU the certlflcatea and
of each series Identical in all respects, aa an additional caah
offering on March 18, 1957, for payment March 28, 1957. Total laaues
in -,he two offerings amounted to $10,851 million for the certificates
and $2,U06 million for the notes.
Subacrlptlona in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or leas for both Isauea were allotted In full and subscriptions for
more than $100,000 were allotted not lees than $100,000. In addition
to the amount allotted to the public, $100 million of the notes were
allotted to Government investment Recounts.
The h% certificates dated August 1, 1957, were reopened with all the
certificates cf the aeries Identical In all respects, aa an additional
cash offering on September I6, 1957, for payment September 26, I957.
The total amount issued In the two operations was $11,519 million.
Redeemable at th» option of the holder on August 1, I959, on three
months' advance notice.
In addition to the amounts Issued In exchange, the Treasury allotted
$100 million of each Issue to Government investment accounts.
Redeemable at the option of the holder on February 15, I96O, on three
months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted in full, and subacrlptlona for
more than $100,000 were allotted not less than $100,000.
In addition
to the amounts allotted to the public, $100 million of each issue
were allotted to Government Inveataient accounta.
Subscriptions for $50,000 or leaa were allotted in full. Subacrlptlona for more than $50,000 were allotted 10 percent but in no case
l«ss than $50,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounta. Payment for not more than 50 percent of the bonda allotted
26/
il/
i8/
22/
!tO/
\*l/
|i2/
5:i/
'*'*/
(notes
22/
iO/
il/
32/
Uy
ill/
il/
^^/
Lb/
42/
LS/
p
-
(Continued)
could be deferred until not later than October 21, 1957.
Subscriptions for $10,000 or less were allotted In full. Subacrlptlona for more than $10,000 were allotted 25 percent to savings-type
Investors and 12 percent to all other subscribers, but in no case
less than $10,000. In addition tc the amount allotted to the public,
$100 million of the notes were allotted to Govema^nt Investment
accounts,
Subacriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other aubacribera, but In no case
less thar; $10,000. In addition to the amount allotted to the public,
$100 million of the bonda were allotted to Government investment
accounts.
Subscriptions for $10,000 or leaa were allotted In full. Subacrlptlcna for more than $10,000 were allotted 20 percent but In no caae
less than $10,000. In addition to tlie amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
Subscriptions for $25,000 or leea were allotted in full. Subacrlptlona for more than $25,000 were allotted 21^ percent but In no caae
leas than $25,000. In addition to the amount allotted to the public,
$100 million of the notea were allotted to Government inveatiwnt
accounts.
Subacrlptlona for $5,000 or leaa were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, ^0 percent to commercial banks for their own account, aai
25 percent to all other subscribers, but in no case less then $5,000,
In addition to the amount allotted to the public, $100 million of the
bccda were allotted to Government investment accounts.
Alao dealgnated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and proflta taxea
due March 15, I959.
Subscriptions for $100,000 or lees were allotted in full. Subscriptions
for more than $100,000 were allotted 59 percent but In no case less than
$100,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 35 percent but in no case less than
$50,000. In addition to the amount allotted to the public, $100 million
of the notes were allotted to Government invesUnent accounta.
Subacrlptlona lor $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted U7 percent but in no case
less than $100,000.
Subscriptions from savlnge-type investors totaled $720 million and
were allotted 70 percent. Subacrlptlona from comu^rclal banks for
their own account totaled $U70 million and were allotted 35 percent.
Subacrlptlona from all other Inveatora totaled $010 million and were
allotted 15 percent. Subscriptions for $25,000 or lesa were allotted
in full when accompanied by 100 percent payment at the time of entering the aubacrlptlona.
All other aubecrlptions for $50,000 were
allotted In full. Subscriptions for more than $5,000 were allotted
not less than $5,000. In addition to the amoimt allotted to the public,
$50 million of the bonds were allotted to Government investment accounts.
Savings-type Investors were given the privilege of paying for the bonds
allotted to them in lnstallia?ntB up to April 23, 1959 (not less than
25* by January 23, I959, the issue date; ^0% by February 2U, 1959; 75%
by March 23, 1959; and full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscrlptiona
for more than $100,000 were allotted 50 percent but in no caae lesa than
In addition, $100 million of the notes were allotted to
$100,000.
Governrasnt investment accounts.
Reopening of the Septamber 16, 1957, offering with all bonds of the
series identical in all respects. The total amount issued in the two
operations was $1,276 million.
Subscriptions from savings-type investors totaled $2^0 million and were
allotted 65 percent. Subacriptions from commercial banks for their own
account totaled i9Al million and were allotted 35 percent. Subscriptions from all other investors totaled $322 million and were allotted
20 percent. Subscriptions for $25,000 or less from savings-type
investors and commercial banks, and for $10,000 or less from all others,
were 'allotted in full. Subscriptions for more than these minimums were
allotted not less than the minimums.
In addition, $50 million of the
bonds were allotted to Government investment accounts,
Preliminary.
Treasury Bullelin
3'^
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/
(Id
Ilaue
imoM
of loiuri)
April 1959
35
.DKBT OFEEATIOHS.
Tables.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/- (Continued)
(In
lasna
lUlona
of loUu's)
Treasury Bulletin
36
.DEBT OPEPATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
April 1959
37
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness iii/- (Continued)
Date of
Treasury Bulletin
3«
.DEBT OFERAIIOHS.
Table 6.- DlspoBltlon of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness ^- ((Continued)
Called or maturing security X/
Date of
refunding
or retirement
laeue
date
Description
Disposition offers
by Treasiiry
Amount
outstanding
Casta
Results of exchange offers
Exchange
security
offered
retirement
Description of new
security offered
(See also Table i)
Turned
in for
caah 2/
Exchanged
(In ulllions of
('2-7/8* Note
2-3A* Bond
6/15/58-A
6/15/58-63
12/1/55
4,392
4,392
6/15/38
919
919
1,015
3,195
181
91
28
800
f
f
\
6/15/58
2-3/8* Bond
6/15/58
7/1/52
Total..
4,245
4,245
710
3,392
143
9,555
9,555
9,204
351
885
1,612
June '58
2-5/8* Bond
2/15/65
6/15/58
104 21/
July '58
2-5/8* Bond
2/15/65
6/15/58
387 21/
a*
8/1/58
Cortifloati^
2-1/4* Bond
8/1/58-C
8/1/57
9/15/56-59 22/ 2/1/U
11,519
3,818
11,519
3,818
10,634
2,206
2-3/8* Bond
3/15/57-59 22/ 3/1/52
927
927
660
16,264
13,500
Total..
loA/58
1-1/2* Bote
3-3/4* Certificate-
12/1/58
2-1/2* Bond
16,2&l
10/1/58-EO
10/1/53
121
12/1/58-D
12/1/57
9,833
12/15/58
2/15/53
Total..
'2-1/2* Certlficate-
2/15/59
1-7/8* Hote
-2/U/59-*
2/15/59-A
2/U/58
5/17/54
6,433
9,833
2,368
2,368
12,201
12,201
9,770
I
3 ,300
[
I
1,277
778
5,102
U,872
1-1/2* Certlflcate-
3/24/59-D
8/6/58
3,567
4/1/69
1-1/2* Note
4/1/59-EA
4/1/54
119
14,872
5/15/59-B
2/15/65
1-1/4* Certificate
2-5/8* Bond
-
5/15/59-B
2/15/65
1-1/4* Certificate
2-5/8* Bond
1,817
[7,388
5/15/59-B
2/15/65
of 1-1/4* Certificate
of 2-5/8* Bond
1-5/8* Certificate
8/1/59-C
- 11/15/59-E
2,764
1
100
{3-3/8* Certificate
[3-5/8* Note
I
312
1
8,315p
579p
f 3
,048p
856p
12,798p
412
876p
I
[l,199p
2,075p
-
5/15/6I-B
Certificate - ll/15/59-E
Note
5/15/61 -B
of 3-3/8* Certificate
of 3-5/8* Note
b-3/4* Certificate - 2/15/60-A
2/15/62-J)
Note
1 4*
3-3/8*
13-5/8*
[7,711
[4,078
3-3/4* Certificate
Note
4*
-
2/15/60-A
2/15/62-0
('ll,363p of 3-3/4* Certificate
|l,435p of 4* Note
3,567 22/
119
Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on ''clearance'*
basis in dally Treasury statement.
1/ Original call anu maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
For breakdown of total exchanges between the two new securities,
see Table 4.
4/ The 2-1/2* bonds maturing December 15, 1958, were reopened for the
December 1, 1953, refunding (see Table 4).
i/ On November 9, 1'953, the Treasury purchased from the Federal Reserve
System and retired 1500 million of the 2-1/8* Treasury notes maturing
December 1, 1953. For further detail see "Treasury BuHatin" for
November 1953, page A-1.
6/ It had been announced that holdere of these bonds would be given an
opportxinity to exchange them for another Treasury issue after
February 15, 1954. This exchange offering was included in the
refund ings of Hay 17, 1954.
2/ Tax anticipation series; 2,669 million redeemed for taxes due
March 15, 1954, and $3,233 million redeemed for cash.
8/ The 1-1/8* certificates maturing August 15, 1955, were reopened for
the December 15, 1954, refunding (see Table 4).
2/ Tax anticipation series; t2,215 million redeemed for taxes due
March 15, 1955, and $1,518 million redeemed for cash.
12/ The 2* notes maturing August 15, 1956, were reopened for the August 1,
1955, refunding (see Table 4).
11/ Tax anticipation series; $1,917 million redeemed for taxes due
June 15, 1955, and $1,293 million redeemed for cash.
12/ Also designated tax antlcination certificates, acceptable at par plus
^
f
I
11,789
9,770
5,102
3/2i/59
-
121
{
Total
1-1/4* Certificate
\ 2-5/8* Bond
12/
14/
15/
16/
12/
18/
19/
20/
21/
22/
22/
p
accrued interest to maturity In payment of income and profits taxes
due June 15, 1956.
The 2-7/8* notes maturing June 15, 1958, were reopened for the
March 5, 1956, refunding (see Table 4).
Also Treasury bills in the refunding of February 14, 1958.
Tax anticipation series; $1,674 million redeemed for taxes due
March 15, 1956, and $528 million redeemed for cash.
Tax anticipation aeries; of the 2* certificates $1,013 million were
redeemed for taxes and $473 million for cash; and of the 2-1/4*
certificates $1,891 million were redeemed for taxes and $1,079
million for cash.
During June 1956, $159 million of 2* Treasury notes maturing Aug\st 15,
1956, were piirchased by the Treasury for account of the Sinking Fund
and retired.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1957.
Tax anticipation series; $1,922 milllor redeemed for taxes due
March 15, 1957, and $1,299 million redeemed for cash.
Tax anticipation series; $620 million redeemed for taxes due Juno 15,
1957, and $692 million redeemed for cash.
During June and July 1958, $491 million of the 2-5/8* Treasury bonds
of 1965 were piirchased by the Treasxiry for retirement under Section 19
of the Second Liberty Bond Act, as amended Ol D.S.C. 754a).
Called on May U, 1958, for redemption on September 15, 1958.
Tax anticipation aeries; $1,642 million (p) redeemed for taxes due
March 15, 1959, and $1,925 million (p) redeemed for cash,
Preliminary.
April 1959
39
.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March 1935 and began to mature In March 191*5. Series A-D
were sold between March 1935 afx^ ^^^ end of April I9U1,
and Series E, F, and (} were first offered In May 19'H.
When Series E began to mature on May 1, 1951i owners of
the matured bonds were offered three options:
To redeem
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 Q bonds. A number of chianges became effective
The principal ones were:
The rate of
May 1, 1952.
interest accrual on Series E was Increased, especially for
the near term, with corresponding changes In extended
were replaced by two new
Series E; and Series F and
Issues, Series J end K, also at higher Interest rates.
A new current-Income bond. Series H,
return to Series
E,
similar In Interest
Details
was offered beginning June 1.
of these changes appear in the May 1952 Bulletin, page A-1.
Series F and
began to mature on May 1, 1953.
For the
exchange offering made to holders of these bonds maturing
through December 3I, 1953, see the May I953 issue, page A-1.
Sales of Series
JandK were discontinued after April
30,1957.
An Increase in interest rates on Series Band H was announced
on April 20,1957, retroactive to February 1. Details of the
changes appear in the May 1957 Bulletin, page A-1.
In
the tables which follow, Series A-F and J sales are Included
at issue price and total redemptions and amounts outstanding
at current redemption values.
Series O, H, and K are
included at face value throughout. Matured bonds which
have been redeemed are included in redemptions. Matured
F and O bonds outstanding are Included in the Interestbearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through February 28, 1959
(Dollar amounts in iiLllllons)
..
.
Treasury Bulletin
i;o
.UNITED STAIES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Id
Accrued
dlBCOUDt
nlUions of dollara)
Redemptlone
Sales pl\iB
accrued
discount
Sales
price Uj
^
^
Anount outstandli^
Accrued
discount
^
Interest-bear 11%
debt
Matured debt
Series E and B combined
riscal years:
19i»l-1951
61,969
3,296
U,06l
1952
1953
195^ 6/
1955 6/
1956
1>,653
5,225
5,260
1957
1958
'•,613
U,670
U.TOli
66,673
1,111
1,120
1,126
1,123
It,lj07
5,lBl
5,779
32,167
008
038
31.5
5UU
31,169
3,583
3,538
3,791
3,909
l.lll*
6,31.8
6,37".
1,133
1,161
5,7U6
5,831
730
176
5,187
l.,1.60
5,252
1,120
128
126
68,773
1>,072
l.,l.T2
998
3'.,506
1.25
31.
500
36,01.8
37,1.82
55'.
636
658
716
715
,905
39,285
1.0,929
1.1,1*98
1.2,11.2
Calendar years:
19'' 1-1951
1952
1953
WS"*
1955
1956
1957
1958
63,520
3,575
311,01.5
32,861.
,691.
i.,098
'.,157
1,181
U76
531
535
'.,652
'.,832
3,91.9
702
5,0'»3
113
12 It
6,C15
6,U8l
6,167
3,622
3,625
3,909
3'.,T27
35,321.
5,1.96
1.,161.
668
'',507
1''3
5,61.9
5,U69
It,
U,689
178
5,867
'.,856
It
1.0,063
1.1,398
'.1,578
'.2,589
1.18
369
115
91
352
93
378
32U
370
81
93
lis
U86
119
94
'',368
•,889
5,368
Months:
1958 -July
August.
September
.
October.
November
December.
1959 -January..
February,,
383
I.
U,l.i.U
697
772
,215
61.1
36,663
38,233
533
'.17
362
55
U60
W.5
380
397
31.0
1.1
333
61.
1.59
1.07
U2,ii38
31.2
27
1.2,511.
U89
I.1U
351
315
352
56
1.18
62
1.2,589
605
477
526
1.90
36
1.2,668
AlO
327
83
42,736
5,162
990
65
21
1,5U
1.1
23,066
22,780
21,837
20,579
19,080
16,568
13,12U
9,8U2
'.2,258
1.2,338
1.2,386
Series P, G, J, and K combined j/
Fiscal years:
19111-1951
1952
1953
195^ 6/
1955 17
1956
1957
1956
27,876
1.17
629
501
96
108
108
108
100
81.1
1,2U9
586
268
83
65
26,293
726
610
91.9
1,357
686
352
65
5.227
1,012
1,552
2,152
2,692
3,105
3,77".
3,350
2,071
81
2,561.
2,91*6
128
159
3,612
3,226
121*
162
55
219
312
335
331
Calendar years:
191,1.1951
1952
1953
28,169
1.6I1
586
100
109
110
1.32
195'*
1,28U
1955
1956
1957
1958
907
1.75
98
Months:
1958 -July
August.
Se ptember
.
October.
November
December.
1959 -January..
February
Footnotes at end of Table 4.
28,633
686
51.2
1,391.
5,77'.
929
1,968
2,526
2,636
5,698
908
1,909
2,U28
76
21
59
98
138
167
22,859
22,616
21,047
143
17,861
14,895
10,896
8,603
619
571
681
698
655
203
150
121
9,655
9,516
9,406
316
306
293
lUU
139
172
139
137
167
9,277
9,145
8,603
280
655
31.2
339
166
8,324
8,313
Ul
103
92
1,010
567
71.
172
'.,153
3,991.
58
58
2,395
2,306
208
126
3,1.22
2,1.98
3,255
153
174
(Continued on following page)
160
86
19 ,'•39
284
600
.. .
.
.
.
April 1959
»n
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(In
Accrued
discount
mimona
of dollars)
Redcmptlona 2/
Sales plus
accrued
sales
price
dlscoiiQt
Fiscal years:
l* 1-1951
61,969
3,266
3,700
3,988
1952
1953
195^
1955
1956
l.,70lt
1,U1
3,919
3,889
,120
,126
,123
,11U
,133
,l6l
63,520
3,393
3,906
U,023
U,192
5,258
1,120
1,028
1,126
1,113
I»,1U2
i.iait
3,875
3,802
1958-July
August,
September
October.
November
December.
2711
1959-Januarj.
February.
'',095
l»,219
1957
1958
66,673
32,167
'',377
li,008
,821
It, 032
5,11'*
'',319
'»,U90
It
5,218
5,333
5,052
It
,622
it/
5/
^
Accrued
discount
^
Amount outstanding (Interestbearing debt)
31,169
3,583
3,532
3,765
998
3U,506
1125
3lt,875
500
55lt
35,661.
36,1.58
3,8511
3,961i
636
658
716
715
37,186
37,898
37,969
38,067
1,181
U76
531
535
3lt,727
l>,98l
It,
5,01.9
'',951
It
68,773
3't,OU5
11,098
U,li.l
265
,236
Calendar years:
19''1-1951
1952
1953
195''
1955
1956
1957
1958
'.,513
5,031*
5,1''9
It, It 06
32,861i
3,622
3,609
3,871
3,870
U,021
It,
l,li»3
5,30U
5,266
5,018
1,178
'',979
l.,658
320
299
292
115
U3U
390
385
llOl
3I16
55
365
380
32lt
itl
316
6U
316
81
93
118
397
367
392
325
396
336
298
27
307
33lt
62
375
311
119
94
572
U,689
5,220
702
666
l.,ltU9
772
,017
6U1
It
35,11.3
36,036
36,778
37,510
38,087
37,885
38,206
Months;
.
91
93
1(25
U9I1
i05
509
392
56
1*73
36
309
83
38,100
38,126
38,131
38,136
38,178
38,206
38,191
38,204
Fiscal years:
1952
1953
1951.
1955
1956
1957
1958
30
360
665
1,130
30
360
665
1,130
l,Olil
1,01.1
69U
782
691.
108
196
6
26
55
108
196
782
236
236
6
26
55
30
385
1,021.
2,099
3,031
3,529
I., 075
Calendar years:
1952
1953
1951.
1955
1956
1957
1958
Months:
1958-July
August.
September
181
182
182
1.62
1.62
16
16
627
866
1,177
901
631
887
866
38
38
79
1,1.55
,177
79
901
631
887
11.3
l't3
2it8
21.8
2,553
3,310
3,693
198
198
l.,383
16
16
99
70
60
99
70
60
16
16
17
U,212
17
October. .
November
December.
62
51
62
15
15
It, 302
51
61.
16
18
16
61.
18
'.,337
l.,383
1959-Jan-jary..
Ill
Ill
February.
72
72
17
17
17
17
4,531
.
Source:
Dally Treasury statement; Bureau of the Public Debt.
Footnotes at end of Table
'.,158
'',255
i',l'77
1.
.
.
Treasury Bulletin
k2
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In mlllloaa of dollars)
Uuoatured bonds
Matured bonde
Period 8/
Total
matured
^
Series
A-D
For
cash
Flacal years:
1951
1952
1953
WSit
1955
1956
1957
1958
6,137
5,109
5,621
6,515
7,251
7,8U6
8,958
817
792
1,761
2,71.7
3,91.1
779
90
31
18
11.
,263
U
8,5it'»
U,115
3,730
9
6
5,81.0
987
5,651
772
1,015
987
518
I.
Calendar years:
1950
1951
1952
1953
195^
1955
1956
6,lU9
6,985
7,301
2,318
3,171
2U
l.,230
13
8,261.
U,2U6
10
1957
1958
9,630
7,255
l.,156
626
295
531.
523
169
336
October,
November
December.
551
U8l
586
263
131
263
1959 -January..
867
IkS
February,
584
37i
5,07'<
MoDtha:
1958 -July
August.
September
.
3,393
1.7
lU
38
In exchange
for Series
G «nd K
Series
F and G
Total
uniBHtured
It/
5/
Sales
irlce U/
Accrued
discount
April 1959
^^
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllona of dollare)
...
.
WK
Treasury Bulletin
.OWNKRSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated
Omership of Federal Securities
(Par values 1/ in billions of dollars)
month
1
03 9-December
.
19iO-June
December.
1941-June
December.
.
.
.
19^-June
Held by private nonbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
U. S.
cial
banks
Federal
Reserve
Banks
2/
Individuals 5/
Government
investment
accounts i/
Insurance
companies
Savings
bonds
savings
banks
Corporations 6/
State and
local
governments 2/
47.6
18.4
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
4.8.5
16.1
2.3
8.5
9.5
22.8
23.9
25.0
31.0
10.1
10.6
19.7
21.4
2.5
2.2
2.2
7.1
7.6
55.3
64.3
18.6
19.5
21.8
23.7
11.2
13.6
2.6
2.8
3.6
5.4
7.5
7.8
7.6
8.2
6.5
6.9
7.1
8.2
3.1
3.2
3.4
3.7
2.1
2.0
2.0
4.0
28.7
47.3
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
9.1
13.4
8.7
9.2
11.3
3.9
4.5
4.9
.9
10.3
10.1
1.0
6.1
12.9
16.4
2.1
7.3
8.3
20.2
21.4
3.2
4.3
50.9
17.3
December.
.
77.0
112.5
1943-June
December.
140.8
170.1
59.4
71.5
52.2
59.9
7.2
11.5
U.3
.
16.9
67.0
81.7
30.9
37.6
19.2
24.7
11.7
12.9
13.1
15.1
194A-June
December.
U.9
19.1
21.7
100.2
114.0
46.1
.
31.2
36.2
14.9
17.1
19.6
128.2
136.6
135.1
132.6
130.7
59.1
64.1
64.1
63.3
64.2
40.7
42.9
18.5
21.2
20.8
19.9
20.1
22,
24.
24.
24.
24.
9.6
10.7
11.1
11.5
11.8
23.3
22.2
43.3
43.5
44.2
5.3
.4
.5
.6
.7
1.5
202.6
232.1
83.3
96.5
68.4
77.7
19A5-Jmie
December.
19i6-February 2/
June
December
.
259.1
278.7
279.8
269.9
259.5
106.0
115.0
116.7
108.2
97.9
84.2
90.8
93.8
84.4
74.5
23.3
24.9
27.0
28.0
29.1
30.9
1947-June
December.
91.9
91.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
45.5
46.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
.
258.4
257.0
U.l
7.1
7.3
85.9
85.8
82.4
85.7
64.6
62.5
63.0
66.8
21.4
23.3
35.8
37.3
38.3
39.4
130.7
129.7
132.2
132.1
65.8
65.5
66.6
.
252.4
252.9
252.8
257.2
66.3
47.1
47.8
48.8
49.3
18.6
17.6
17.8
17.0
22.8
21.2
20.5
20.1
12.0
11.5
11.6
11.4
13.6
14.8
15.8
16.8
7.8
7.9
8.0
8.1
1950-June
December.
83.9
82.6
65.6
61.8
18.3
.
257.4
256.7
37.8
39.2
135.6
134.9
67.4
66.3
49.9
49.6
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
1951-June
December.
255.3
259.5
81.4
85.4
61.6
23.0
23.8
41.0
.
132.9
131.8
65.4
64.6
49.1
49.1
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
1952-June
December.
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
U.3
.
45.9
130.8
133.4
64.8
65.1
49.0
49.2
15.7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
10.4
11.1
1953-June
December
.
266.1
275.2
83.6
89.6
58.8
.
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.9
49.3
49.4
16.9
15.5
16.0
15.8
9.5
9.2
18.6
21.5
12.0
12.7
195i-June
December.
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.6
49.5
50.0
15.3
15.3
9.1
.
13.7
15.0
16.6
19.2
1955-June
December.
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.6
65.8
50.2
50.2
15.4
15.6
14.8
U.3
8.7
8.5
18.5
,
274.4
280.8
U.4
U.7
23.0
15.1
272.8
276.7
80.8
84.2
57.1
138.5
138.5
67.7
59.3
23.8
24.9
67.3
50.3
50.1
17.4
17.2
13.3
12.8
8.4
8.0
17.1
18.2
15.7
16.1
1957-June
December
270.6
275.0
78.9
23.0
24.2
136.2
136.4
67.8
66.8
49.1
48.2
18.7
18.6
12.3
83.3
55.8
59.1
12.0
7.9
7.6
15.4
16.5
16.9
17.0
1958-January. ...
February
274.7
274.8
272.7
82.0
82.7
83.0
58.6
59.4
59.4
23.3
23.2
23.6
55.1
55.4
55.4
137.6
136.7
134.3
67.1
66.8
66.9
48.2
48.2
48.1
18.9
18.6
18.7
12.0
11.9
11.8
7.6
7.6
7.6
17.3
17.2
15.4
17.3
17.3
17.3
275.2
275.7
276.4
86.9
87.7
63.2
90.3
63.6
64.9
23.7
24.2
25.4
55.2
55.8
55.9
133.1
132.3
130.2
66.4
66.1
65.7
48.1
48.1
48.0
18.3
18.1
17.7
11.8
11.7
11.7
7.6
7.5
7.4
14.6
June
July
August
September .
275.6
278.6
276.8
89.4
91.8
90.4
65.0
66.4
65.5
24.5
25.3
25.0
130.5
130.8
130.7
65.3
65.0
64.8
47.9
47.9
47.9
17.4
17.0
16.9
11.8
11.9
11.9
7.4
7.5
7.4
13.9
14.6
U.3
17.0
17.0
17.0
October. . ..
November . .
December . .
280.3
283.2
283.0
92.1
93.9
93.6
66.7
67.7
67.2
25.4
26.2
26.3
55.1
54.8
54.4
133.
134.
135.
64.9
64.9
65.1
47.8
47.8
47.7
17.1
17.1
17.4
7.4
7.3
7.3
15.9
16.9
16.9
17.2
17.2
17.3
1959-January p..
285.9
93.7
67.9
25.7
53.5
138.7
65.7
47.7
18.0
7.3
19.1
17.7
.
.
19i8-June
December.
19i9-June
December.
.
195(>-June
December ...
March
April
May
58.4
18.8
21.8
24.3
22.9
23.8
19.3
18.9
20.8
42.3
Source: Office of the Secretary, Debt Analysis Staff.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Holdings by Federal land banks are included under "Miscellaneous
investors" instead of "U. S. Government investment accounts" after
June 26, 1947, when the proprietary interest of the United States
in these banks ended.
Includes partnerships and personal trust accounts.
Nonprofit
^
53.3
6/
2/
8/
2/
P
17.3
12J,
19.9
17.8
15.3
U.7
13.3
5.3
6.5
6.7
6.5
6.3
13.9
17.1
17.0
16.9
institutions and corporate pension trust fxinds are included under
"Miscellaneous investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accoiints in this country. Beginning
December 1946, includes Investments by the International Bank for Reconstruction and Developnent end the International Monetary Fund in
special n on interest- bearing notes issued by the U. S. Government.
Immediate postwar debt peak.
Preliminary,
April 1959
^5
.
TREASURY SURVEY OF OWNUiSHIP, JANUARY 31, I959
The Treasury Survey of OvmerBhlp 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 31, 1941, In the May I9I1I "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 memberbank olassea and nonmember banks are published for June 30
and December 3I.
Holdings by corporate pension trust funds
are published quarterly and first appeared In the March V)^h
Bulletin for quarters beginning December 3I, ig^g.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
Treasury Bulletin
U6
.TREASURY SURVET OF OWNISSHIP, JANUARY 31, 1959
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
April 1959
^1
.TREASURY SUKVEY OF OWWa^SHIP, JANUARY 31, 1959
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
-
(Continued)
)
u
Treasury Bulletin
.TREASORy SDEVET OF OWKH»fflIP, JAMUAEY 31, I959
Section
II -
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values - in millions of dollars
April
iWf
1+9
,
MAEKET QUOTATIONS ON TREASURY SECUEITIES, FEHRUAEY 2?, 1959
Current market quotations shown here are over-the-
counter closing bid quotations In the New York market
for the last trading day of the month,
as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed include all regularly quoted
public marketable Eecurltlea Issued by the United States
Oovernraent except Panama Canal bonds.
Outstanding
Issues which are guaranteed by the United States
Government are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Treasury Bulletin
50
MARKET QUOTATIONS ON TREASUFY SEXJUEiriES, KEHRUAEY 27, 1959
Table 4.- Taxable Treasury Bonds
(Price decimala are 32nd8)
,
April 1959
51
,
z
UJ
o
CO
o
LJ
>-
o
o
MAEKET QUOTATIONS ON TREASURY SECUPITrES, FEBPUAEY 27, 1959
in
o
in
in
o
o
to
to
in
o
in
CM
o
o
..
.
,
Treasury Bulletin
52
.AVEFWGE YIELDS OF LONG-TE»! BONDS-
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds l/
Annual series
19k2
2.1.6
W^S
a.i»7
19''l'
2.U8
2.37
2.19
2.25
19^5
19''6
19''7
1953 -April
May
June
July
A'OgUBt.
. .
September
October.
November.
December
19^ -January
.
February.
March ....
April
May
June
July
August.
September
.
October.
November.
December.
1955-January.
Fe bruar J
March ....
2.83
2.73
2.72
2.62
2.53
2.61
igiiB.
19^9.
1950.
1951.
1952.
1953.
-
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
calendar year averages of monthly series
2.UU
2.31
2.32
2.57
2.68
2.9l>
2.82
2.66
2.62
2.86
2.96
3.20
1951'.
1955.
1956.
1957.
1958.
2.55
Moody's Aaa
corporate
bonds
April
m9
53
.
AVERASE YIELDS OF LOMG-TEIW BOrTDS-
if)
Q
Z
o
CD
LxJ
o
o.
cr:
o
o
Q
<
ID
5
«c
a
(A
<
UJ
a: CO
UJ
hI
O
z
o
«>
—
eg)
^
en
>UJ
iD
<
a:
UJ
•b
^
)
Treasury Bulletin
5"+
-INTERNAL REVENUI,' COLLECTIONS.
Table 1.- Summary by Principal Sources
(In
Fiscal
year
or month
thousands of dollars
April 1959
55
.
INTERNAL REVENUE COLLECTIONS
.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
"DOLLARS
Billions
Billions
Total
I
Fiscal Year
75
Comparison first
\»^ 7 months fiscal
years 1958 and 1959
i
I
50
DOLLARS'
DOLLARS
Billions
46
24
44
22
42
42
20
40
40
18
38
38
16
36
36
14
34
34
12
32
32
10
30
30
8
28
28
6
26
26
Income Tax and
Employment Toxes *
Individual
44
DOLLARS
Billions
46
Billions
.Corporation Income,
and Profits Taxes
24
^
24
24
^
22
22
1944
20
20
18
18
16
16
14
14
12
12
10
10
8
8
6
6
4
4
^^
2
2
VI
0'
1944
46
'48
'50
'52
46
48
50
1z
.
Treasury Bulletin
56
.MOKETAPy STATISTICS.
Table 1.- Money in Circulation
(in
nlUloDB of dollarg except per capita flgurea)
Paper noney
Aid of flacal
year or month
Total
money In
circulation 1/
Total
paper
noney
Sold
surer
certlfIcatee
certificates
26,231
39
27,3l'8
38
37
35
Treasury
notes of
1890 2/
mi ted
State a
note 6
Federal
ReEarre
note a
Federal
Reaerre
Bank
Dotea 3/
Batlonal
bank
notea i/
1955
27,809
29,026
30,125
29,922
30,229
1956
1957
1958
30,71?
31,082
31,172
28,767
33
33
32
2,11.8
2,162
2.200
318
321
317
26,055
26,329
29,071
26,31.2
IU7
133
120
6U
62
59
1957-Decejaber.
31,83U
29,7SU
32
2,156
316
27,031
126
61
1958-July
August.
31,171
31,371
29,05U
29,255
29,118
32
32
32
2,172
2,170
2,161
31''
119
31't
26,366
26,560
31't
26,1.3".
U8
U8
59
59
59
29,2lil*
30,012
31
31
31
2,153
2,176
2,177
315
317
311
26,569
27,173
27,318
117
116
115
59
59
58
28,986
28,986
31
2,056
2,078
301
26,1.21.
111.
58
31
304
26,400
113
58
1951
195e
1953
19511
.
Septemtier
31,2''5
October.
Not ember.
December.
31,386
32,036
32,193
1959 -January..
31,125
31,129
February'.
28,359
28,127
28,372
29,OlK)
29,87l>
y
3''
2,092
2,088
2,122
2,135
2,170
318
318
318
320
319
23,1.56
2U,605
25,609
25,385
25,618
2U3
221
200
180
163
81
77
73
70
67
8
3
. ..
.
,
April 1959
57
.MOKETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amountB In mllllone)
Gold
Bid of fiscal
year or month
($35 per
fine ounce)
Silver
(»l.a9+ per
fine ounce)
Ratio of silver
to gold and
ellver In
Dion«tary atocke
(In percent)
1951
21,755.9
1952
1953
195^
1955
23,3'»6.5
3,718.5
3,768.5
1U.6
13.9
22,U62.8
21,927.0
21,677.6
3,811.. 3
llt.S
3,863.1
15.0
3,922.1i
15.3
1956
1957
1958
21,799.1
22,622.9
21,356.2
3,99'».5
Ii,ll6.6
15.5
It,
306.0
16.8
15.1.
1957-DB camber.
22,781.0
It,
185.1.
15.5
1958 -July
Auguat.
September
21,209.9
21,011.5
20,873.5
u 309.1
lfi.9
313.1
u; 31lt.9
17.0
17.1
October.
November
December.
20,690.0
20,608.5
1959 -January.
February.
.
Source: Circulation Statement of United States Money,
allver monetary stocli see Table U.
1.:
332.0
17.3
17.1.
20,53l».3
.,31.7.1
l.,362.5
20,U76.3
20,478.6
371.0
4,385.5
17.6
17.6
It,
1.,
17.5
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In mllllona of dollars)
Bnd of calendar year or month
Oold assets
Uabllltlea:
Gold certificates
Balance of gold In
Treasurer *B account
etc. 1/
21,662.5
22,178.8
1,032.9
1,008.2
21,51.5.7
21,223.5
21,199.1
1.83.7
1.69.0
lt91.2
1951.
22,695.5
23,187.1
22,029.5
21,712.5
1955
21,690.1.
1956
1957
1958
21,9''9.5
21,1.58.3
lt91.2
22,781.0
22,272.9
20,138.2
508.1
396.1
21,209.9
21,011.5
20,873.5
20,808.8
20,612.0
ItOl.l
20,690.0
20,608.5
20,292.7
20,206.9
20,138.2
397.3
20,079.7
20,080.7
396.6
397.9
1951
1952
1953
20,531. -3
1958- July
August.
Se ptenber
.
,
.
October.
November.
December
.
.
1959 -January. ..
February,
Circulation Statement of United States .Money.
(1) gold certificates held by the public and In Federal
Reserve Banks; (2) gold certificate credits In (a) the gold certificate
Source:
1/
Com^lBes
20,531..
20,U76.3
20,478.6
20, It 75.
399.5
397.7
ltOl.7
396.1
fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; and (3) reserve of
$156.0 million against lillted states notes and Treasury notes of
1890.
.
.
U
k
Treasury Bulletin
38
.MONETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In nllllODa of dollara)
SllTor held In Treaexxry
^d
of calendar
year or oionth
Silver outalde
Treasury
In Treaaurer'e account
Securing allver certlficatea 1/
Bullion
at coat
Silver
dollara 1/
per fine
ounce
Silver
dollara
Subaidlary
coin i/
1.7
3.9
6.3
U8.0
15.7
82.0 2/
191.3
1*5.3
30.7
11.0
202.5
213.2
223.1
2,19U.1>
301.0
289.3
278.3
267.6
253.5
17.6
235.1*
1,283.2
1956
1957
1958
2,208.9
2,212.9
2,2U5.0
236.3
219.0
202.7
2.3
8.2
IU.9
62.9
1,338.2
11.8.3
252.2
269.3
285 .U
1958 -July
August.
Se ptember
2,230.9
2,233.1
2,238.
211.3
209.5
207.1
25.3
25.8
23.7
131.5
131.7
128.3
276.9
278.7
281.0
1,1.25.1.
1.,
1,1.26.8
1,1.31.0
l.,313.1
October.
November
December.
2,238.
2,2U2.8
2,2U5.0
205.1
20.8
16.5
136.6
283.1
281. .8
202.7
lit
.9
lliS.l
li<8.3
1,1.36.7
1,U1.2.1
1.,
203.14
285.1.
1,1.1.6.2
l.,362.5
1959 -January..
February.
2,21*5.0
202.5
202.0
15.5
16.9
152.9
285.6
1,1.1.6.1.
2,2A7.5
158.6
286.1
1,U6.6
SllTer
Imlllon 2/
2,073.5
2,109.7
2,1U0.8
2,171.1
1951
1952
1953
195h
1955
.
Circulation Statement of t&ilted States Money; Office of the
Treasurer of the united Statea,
Valued at $1.29+ per fine ounce.
Includea allver held by certain agenclea of the Federal Government,
Valued at $1.38+ per fine ounce.
Soinrce;
1/
2/
i/
Bullion for
recolnage hj
Total
silver
at tl.29'»
92.3
i*/
•
Subsidiary
coin 3/
1,083.1
1,158.1
1,213.1
1,21.2.7
1,1.02.6
1,U1.6.2
3,71.1.3
3,79l..l
3,837.0
3,886.6
3,930.1
U,06i..l
U, 185.1.
l.,362.5
309.1
l»,31l..9
332-0
i.,3l.7.1
1.,
371.0
4,385.5
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce
according to whether the bullion Is held for recolnage of aubsidlary pilver colna or for recolnage of atandard sliver dollars.
Less than $50,000.
.
)
8
.
April 1959
59
.MOHETAFY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Silver Purchase Act
Nationalized
silver
of June 19,
1934
(Proc. of
Aug. 9, 193i)
69.5
91.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
34.5
34.7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
4.2
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
562.7
580.4
87.6
87.6
87.6
87.6
87.6
25.7
584.3
584.3
584.3
34.7
34.7
34
34
34
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34
34
34
34.7
34.7
1J50
1951
1952
1953
1954
1955
1956
1957
1958
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
48
48
48
48
48
48
48.7
48.7
48.7
833.
833.
833.
833.
833.
833.
833.
833.
833.
1958-July
August. .
September
921.
923.
924.
48.7
48.
48.
October.
November
December.
927.
928.
932.
48.
48.
48.
933.5
48.7
(silver and
minor
18.5
46.1
63.7
1940
1941
1942
1943
19U
1959-January.
1
Newly mined silver
Misc. silver
(incl. silver
bullion held
June U, 1934)
1935
1936
1937
1938
1939
I
Seigniorage
on coins
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
revalued
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
967.3
717.3
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
34.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
104.7
114.6
125.4
134.7
150.8
155.2
156.4
166.0
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
111.
34.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
161.8
162.4
164.0
1,166.4
1,167.0
1,168.6
101.9
101.1
98.8
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
164.0
165.4
166.0
1,168.6
1,169.9
1,170.6
106.1
109.4
34.7
87.6
166.0
1,170.6
118.1
833.7
Source: Bureau of Accounts.
i/ These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
2/
U3.8
146.
129.9
127.2
81.
57.
34.
6.
14.
50.
72.
lU,
lU.O
silver certificates.
The figures In this column are not cumulative; as the amount of
bullloD held changes, the potential seigniorage thereon changes.
Treasury Bulletin
60
.CAPITAL MOVaiEHTS.
Data relating to capital moveraente between the
pages ^^-^7As a result of changes in presentation
Introduced In that Issue, not all breakdowns previously
United States and foreign countries have been collected
published will be exactly comparable to those now presented.
since 1935. pursuant to Executive Order 6560 of January 15.
133^, Executive Order IOO33 of February S, 19'l-9, and
The first three sections which follow are published
They provide summaries, by periods p.nd by
countries, of data on short-term banking liabilities to
Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
Treasury regulations promulgated thereunder.
In the "Treasury Bulletin."
monthly.
and claims on foreigners amd transactions In long-term
securities by foreigners, and present detailed breakdowns
Supplementary Information la
published at lees frequent Intervale.
Reports by banks,
bankers, securities brokers and dealers, and Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
of the latest available prellirilnary data.
consolidated figures to the Treasury. Beginning April
195'^. data reported by banks In the Territories and
possessions of the United States are Included In the
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non-
published data.
April, July, and October Issues of the Bulletin.
Section IV provides supplementary data In five tables
flnanclal concerns. Is published quarterly In the January,
Table
2,
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3. estimated gold reserves
and dollar holdings of foreign countries and international
The term "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United Strites and Its Territories and possessions, the
Institutions, are published quarterly In the March, June,
September,
official Institutions of foreign countries, wherever
such Institutions may be located, and International
"Short-term" refers to original maturiorganizations.
ties of one year or less, and "long-term" refers to all
other maturities. A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 195't- Issue of the "Treasury Bulletin,"
Section
Table 1.-
^4et
I
-
and December Issues.
Table
Summary by Periods
Capital Movement between the United States and Foreign Countries
Analyaie of net capital moTement
Net
capital
moTement
Changes in liabilities to foreigners
Short-term
foreign credit
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually, appearing In the April
Issue through 195^ and In the March Issue thereafter.
(In mllllone of dollars; negative figures Indicate a net outflow of capital from the Iblted States)
Calendar year
or month
'+,
and debit balances In brokerage accounts, appears semiannually In the Karch and Seotember Issues. Table 5.
3
,
.
U
5
.
U
u
U
5
April 1959
61
.CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking LiabilitleB to and Claims on Foreigners
(PoBltlon at
eoil
of period In nmilona of dollara)
Short-term liabilities to foreigners
Payable In dollars
aid of CAlendar
or month
Other
foreign
Foreign
official
International
Short-term claims on foreigners
19U2
11,205.'*
a, 21.1.. 1.
1,91.7.1
19''3
19'kh
5,37k.9
5,596.8
6,883.1
6,U80.3
3,320.3
3,335.2
2,036.7
2,239.9
2,678.2
2,922.0
1*73.7
1*0.6
2,972.7
2,262.0
1*9.7
2,91*7.0
1,861*.3
70.1*
3,001.0
3,1*51.7
19''5
I9I16
I*,
179.
3,01.3.9
Payable in dollars
Payable in
foreign
cjrrenciea
Loans to
foreign banks
2'.6.7
13.9
17.9
21.6
25.5
257.9
329.7
392.8
708.3
191*9
7,U6.l.
7,718.0
7,618.0
1950
1951
8,6ltU.8
1,832.1
2,836.3
2,908.1
3,620.3
1,657.8
1,527.8
'*U.9
9U8.9
1,018.7
827.9
898.0
9,302.2
3,51*7.6
1*
,01*1.2
1,61*1.1
72.2
968.
10,5U6.1
U,65l*.2
U,2U5.6
l,58i*.9
6I.U
1,01.8.7
11,61.8.1*
5,666.9
6,770.1
6,952.8
l*,308.U
1,629.1*
l*,335.'*
'*3.7
1*3.2
1,386.5
191*7
191*8
1952
1953
1955
1956
12,918.6
13,600.7
ll*, 939.1
1957
1958
1958 -July
August
September.
195'*
October., .,
Norember..
December . .
1959'>J«nuary p..
February
p.
51.0
901..
72.0
11*3.7
30.9
86.
137.2
169.7
3U.1*
5I..6
100.3
319.6
21*5.0
1*7.5
292.9
361.2
222.7
151.1
177.2
1.90.6
165.
557.1
100.1*
122.9
156.5
206.5
328.1
8I.7.5
105.1.
'•,726.5
1,769.9
1,881.1
1/
5,392.8 1/
1,1*52.1
1*0.3
1.8.8
1,51*8.5
1,91*5.7
15,158.3
16,163.8
7,916.6 1/
8,662.9
5,665.3 1/
5,897.5
1,517.3
59.0
2,199.'*
385.5
l,5l*l*.o
59.1*
2,542.0
1.1.0.4
15,385.5
15,680.6
8,K)1.I.
8,I.1U.8
2,490.8
2,563.3
1.22.3
8,1.03.5
1,'*62.9
1,'*37.3
1,1*82.8
68.7
15,6U2.1*
5,752.6
5,756.2
5,677.3
15,91*5.9
8,663.7
8,638.2
8,662.9
5,769.1
5,863.0
5,897.5
1,'*36.2
16,052.3
16,163.8
l,'*ei*.8
76.8
66.3
1,5'*'*.0
59.1*
16,238.U
16,605.7
8,523.6
8,746.0
6,125.5
6,257.1
1,537.5
1,541.0
51.9
61.6
8,01*5.1.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are Included in "Foreign official."
72.3
78.9
2,51*1.9
2,577.5
2,U87.3
2,542.0
Payable In
foreign
currencies
1.05.'.
1*55.5
l*W..O
1.30.
U29.7
UO.4
2,1.22.9
1*1*1.1
2,379.5
411.2
290.5
U9I..3
110.8
506.3
21*0.6
699.1.
91.8
78.
61.6.
101.6
969.0
1,056.5
1,390.8
211.0
163.9
1,666.5
1,903.9
11*7.3
1,887.5
1,929.6
1,881.2
181.0
178.3
216.6
1,916.6
1,868.U
1,903.9
230.1*
1,831.7
1,816.6
150.1
151.7
FrelimlnAry.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In nllllone of dollars; negative figures Indicate a net outflow of capital fraa the united States)
98.1
11.9.6
197.7
189.2
197.7
Treasury Bulletin
62
.CAPITAL M0VB4EMTS.
Section
I
- Stummary
by Perlode
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
April
M9
63
.CAPITAL MOVBffiSTS,
8
:
Treasury Bulletin
6l^
.CAPITAL MOVEMEHTS.
Section II
-
Summary by Countries
Table 2.- Short-Terra Banking Claims on Foreigners
(Position at end of period Ij alllione of dollars)
Calendar year
1958
1959
Country
1955
Europe •
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
1957
1956
2.0
15.9
6.7
28.1
13.2
12.2
3.5
.2
2.5
12.1
87.8
A.5
29.9
U.2
18.3
157.0
4.3
43.2
20.9
Norway
Poland
Portugal
Rumania
8.8
23.4
Spain
A.
Sweden
Switzerland.
Turkey
n.S.S.R
Dnited Klngdo
Yugoslavia...
Other Europe.
Total Europe.
Canada.
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and
Surinam
I^nama, Republic of,
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total Latin America.
.1
1.5
1.6
«
«
7.6
7.4
13.1
25.7
77.9
28.9
87.6
109.3
104.4
2.0
6.A
423.2
6.3
567.5
U3.7
157.3
6.8
3.8
68.7
03.7
15.4
4.3
72.1
16.2
145.1
U3.0
91.9
5.4
5.1
153.7
.3
89.8
6.8
7.3
212.9
2.6
4.9
16.6
29.4
8.1
18.1
104.8
33.9
705.6
12.2
34..7
10..9
u..9
143..9
49.2
840.4
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
2.5
3.3
5.4
2.5
3.8
5.7
.8
.3
18.0
20.1
Israel
Japan
Korea, Republic of.
Hiillpplnes
Taiwan
Thailand
Other Asia
10.4
102.9
1.0
18.8
16.4
170.2
5.5
5.5
8.0
56.0
9.0
87.5
Total Asia
232.6
337.5
Australia
Belgian .Congo
Egypt i/
Union of South Africa.
&11 other
11.4
5.2
1.5
8.4
17.0
10.6
5.9
2.0
7.9
16.7
Total other countries.
43.5
43
.7
15.6
Other countries
International
Grand total.
1,548.5
1958
August
September
October
November
December
January p
February p
,
:
.
)
April i959
65
.CAPITAL M0VB4EHTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of doUflra; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States
Calendar year
1958
1959
Country
1956
1955
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
-2,903
13,311
-28
-98
1,923
-1,685
768
25,355
118
-1,196
-59
-120,635
Germany, Federal Republic of.
Greece
Italy
Netherlands
8,761
811
-6,894
17,695
Norway
Poland
^rtugal
opsin
Sweden
Switzerland.
.
.
jrkey
-6
'
-
Kingdom.
ijoslavia
her Europe.
otal Europe.
.
..
anada
September
-71
418
9,543
678
-4,476
5,235
6,596
-514
422
-42,427
3,012
61
672
39,416
1,337
-5,715
1,871
-7,645
47,580
37,977
39
6
1,603
19,046
37
4,494
-14
-651
19,053
-26
2,109
9,886
November
October
December
January p
February p
-28
-1,072
-14
-345
-27
1,167
-12
1,539
-U
-186
1,820
-189
-4,500
4,676
24,868
-16
750
6,699
904
343
5
-182
91
255
202
160
742
434
-3,937
2,571
21
268
-888
443
138
234
396
-1
158
220
-5
-22
-230
-637
72
125
-348
-2,091
129
-4
-2,300
-200
159
-187
174
995
-4,174
-10
2,053
538
-387
-2,249
-374
4,339
-32,303
36
-54
-12,174
-1,377
-2,046
1
-702
-37
83
-1,729
2,590
472
20,054
-1
496
346
-1
83
3,558
-4
-49
-321
-62
-117
-1,945
-53
203
6,789
3,348
95
81
12,947
3,U8
20,459
19,461
1
434
8,080
-4
43
23
-U
12
323
7,716
48
-8,952
-8,906
-54
8,350
-31,040
-8,850
-5,546
-16,112
-26
-3,624
4
1,215
3
5,363
663
1,001
-1,004
147,487
346
-47
233 ,939
-7
6,111
98,302
79
96,025
7,659
79,027
-186
5,374
120
10,340
-165
23 ,161
329,117
161,019
291,273
-39,U7
-17,479
264,825
-123,507
-8,357
-202.213
-3,435
-5,555
930
108
1,110
3,782
1,460
53,677
3,066
492
1,255
-448
869
18
-333
-623
-347
-24
-176
-77
.:-.S.R
r.ited
August
-1,018
-4,795
2,261
-361
i-nania
1958
1957
38
76
-1,969
336
-2,224
-1
12,682
37,732
-18,233
-9,272
76,281
9,940
-5,812
-11,254
-7,115
921
2,995
477
-102
59
-659
125
-894
-89
-11
156
-117
-88
-208
109
261
65
-74
-476
-102
-32
-49
355
209
-13
-1,105
-29
-77
329
452
-20
-324
281
59
-359
96
112
-251
Latin America:
Argentina.
onlivia...
razil,
281
3
-2 ,601
410
-68,517
232
1,656
2,561
-105
-1,417
10
-5,054
-38
742
1,095
-53
1,832
2,260
1,694
9,087
778
-Ul
-29
Mexico
Netherlands W, Indies and
Surinam
2,128
4,723
408
2,028
1,571
533
1,190
3,903
3,810
25,546
1,054
1,177
Panama, Republic of.
Rsru
3,016
804
-157
524
-999
-80
-364
-72
241
289
-5,967
. .
ile
liniDla..
liriican Republic
iuatemala
963
1,292
-8,738
-20
Uruguay
Venezuela
Other Latin America.
7,U5
-1,789
670
-57
3,724
3,769
-264
125
-726
-879
-181
-2,533
-1,210
917
Total Latin America.
76,166
33,859
8,U7
-46,000
153
5,300
789
15,140
20
5,524
219
-2,335
El Salvador
Asia
China Mainland
Hong Kong
India
Indonesia
Iran
198
669
49
257
124
4,185
1,483
-14,777
117
-453
85
94
-181
-1,694
5
-931
-161
-109
1,293
583
41
-93
97
112
2,628
5,9U
3,252
1,709
340
79
-23
-8
-2,S37
1,232
-_42
169
606
49
11
-1,657
416
267
1,012
59
292
934
-83
14
1,114
453
926
354
657
561
-38
-296
2,778
5,425
4,477
3,853
3,955
2,035
-16
1,174
9
17
2
1,398
-1,306
7
-7
1,549
-9
989
41
-106
986
5
-106
1,641
-5
-2
27
15
-11
138
-36
38
69
-16
-1
-6
72
-3
45
-54
U
U3
82
-403
2
4,231
-1,389
185
-20
-30
-319
-7
58
174
7
27
1
12
81
41
48
98
-280
40
94
-21
-356
2
-167
15
793
11
11
Israel
Japan
Korea, Republic of.
FhlllppineB
Taiwan
-785
1,751
8
154
945
706
1,096
15
2
207
-438
-756
-493
91
-572
-2
-1,993
-1,091
-3
27
-236
Thailand
Other Asia
254
4,857
154
545
58
3
12
5
32
6,048
9,577
3,542
-123
1,107
2,697
5
-6
-36
26
4,055
2,757
Total Asia
29,121
-1,U6
4,610
2,704
-1,484
656
3,652
1,241
167
6,768
3,753
191
-84
9
9
-13
-5
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All other
349
32
128
-21
6,076
-213
287
-174
60
77
441
4,1U
Total other countries.
6,564
4,381
2
19
-1,662
150
13
-13
53
-48
-15
105
-3
15
38
-29
-18
-208
53
25
3,U9
129
-786
-60
-29
21
34
118
3,553
-450
-50
131
-164
-150
99
203
5,705
14,648
679
20,169
33,772
-4,458
3,506
55,776
-23 ,254
7,652
121,796
14,468
International .
-20,561
81,745
-157,420
283 ,453
6,261
Grand total...
685,232
156,351
141,776
-1,953
-22,154
1/
88
595
11
42
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on transactions by Syria are not available separately, but are
included in "Other Asia."
Preliminary.
U
-22
-97
6
6
-12
109
-9
211
, ,
. :
Treasury Bulletin
66
.CAPITAL MOVHffiBTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Tera Foreign Securities by Foreigners
(In thouaandB of dollBra; negative figures indicate pet aalea by foralgnera or a net outflcw of capital froB the United
Calendar year
1958
Country
1955
1956
1957
-587
-6,985
-584
5,955
-13
2,402
602
-3
15,356
179
5,401
A, 662
60
1,783
-24,275
3,416
2,202
16,725
19,000
2,458
1,065
-992
3,387
288
17,602
203,837
-20,090
-234
284
-7
-285
-1,631
3
9,065
-4
«7
358
390
-5
66
Sweden
Switzerland,,.,
Turkey
n,s.s.R
-1,332
495
19,594
United Klngdcm,
-35,235
Europe:
Austria
Belgium
Czechoslovakia
Dennark
•...
Finland
France
Germany, Federal Republic of,
Greece
Italy
Netherlands
Norway...
Poland...
Portugal,
Rumania .
Spain
U,233
-85
Yugoslavia,.
Other Europe.
-5
1,642
Total Europe.
-45,523
Canada
-59,218
74,154
lAtin America:
Argentina,
Bolivia,,,
Brazil
Chile
Colombia,
-1,558
118
5,763
3,621
1,058
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands U. Indies and
Surinam
nuwaa, Republic
6,469
523
228
9,074
237
El Salvador
Uruguay
Venezuela
Other lAtin America.
-1,186
-394
487
1,798
-1,871
-861
Total litin America.
23,506
of,
I^ru
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
56
5,125
436
184
129
larael
Japan
Korea, Republic of.
Philippines
Taiwan
-41,736
601
Thailand
Other Asia
-657
-11,272
-1,949
358
-48,725
Other countries
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All other
Total other countries.
U,850
6
-19
-21,796
-343
-7,3CB
International,
-26,534
Grand total.
-30,424
-511,084
885
4,585
-8,641
519
27,904
17
1958
AuguBt
September
October
Statee)
1959
Norember
Decenber
January p
February p
April 1959
67
.CAPITAL MOVQffiNTS.
Sectlon III
-
Preliminary Details by Countriee
Table 1.- Short-Term Banking Liabilitiee to Foreignere as of February 2a, 1959
(Poflitlon In thoosaoad* of dollar*)
1/
Part of mited Aral) Republic (Egypt and Siyrla) since February 1958.
Data on llobllltlos to Syria are reported annuelly and appear In
Section IV, Table 5.
Treasury Bulletin
68
.CAPITAL Moroffiwrs.
Table 2.
Section III - Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of February 28, 1959
:
.
April 1959
69
.CAPITAL MOVOffiNTS.
Section III - Preliminary Details by Countries
Table 3.- Purchase B and Sales of Long-Term Securities by Foreigners during February 1959
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Co'intry
Total
U.S.
purchases Govenment
bonds end
notes
Sales by foreigners
Foreign securities
Corporate end
other
Dcaestic securities
Total
sales
Stocks
U.S.
Govenwent
bonds and
notes
Foreign securities
Corporate and
other
Stocks
Bonds
Europe
Austria.
Belgian.
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Poland
Portugal
Runania
Spain
87
5B
7,7i8
11
761
4,336
29
1,692
948
70
4,502
151
561
11,037
7,040
44
158
3,794
1
19,540
390
36
a9
2,361
450
402
2,665
484
252
14,302
5,775
2,151
50
293
6,529
5
304
3,962
14
1,004
596
143
771
Yugoslavia
Other Europe
.
Total Europe
. .
.
Canada
567
18,995
4,011
286
1,405
11,174
43
635
1,U1
1,607
22,383
13
989
8,752
1,045
232
988
4,447
2,U8
284
106
751
880
127
1,339
300
533
30
171
316
16
156
1
411
62
109
231
15
194
21
357
20,074
22
515
1
52
4,326
8,561
3,217
270
53,031
123
192
5,096
12,
U
5
49
1
583
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom.
70
2,857
143
5
69
1,460
3,644
4,595
32
1,025
51
570
106
6
119
30
1,025
96,925
186
239
8,889
388
5,137
2
19
58,499
169
3
12
75,617
146
50,923
10,855
1,006
22,685
12,254
4,123
59,458
28,741
1,565
20,352
2,594
6,668
5,086
33
1,492
42
15
4,361
180
94
974
3,088
207,188
35,829
8,660
104,213
46,841
11,645
210,145
40,538
6,913
91,311
36,854
102,093
6,852
12,414
27,021
28,756
27,050
162,988
3,265
11,272
28,755
86,847
1,078
107
107
28
11
612
125
47
710
57
233
41
747
128
1,175
590
652
3
723
26
3
1,0U
90
2
Latin America:
Argentina
Bolivia
Brazil
Chile
Col ombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and Surinam.
Panama Republic of
Peru
El Salvador
Uruguay
1,213
107
1,500
936
600
2,984
17
29
623
291
lU
172
3,609
3,373
15
89
258
60
377
Ul
Venezuela
Other Latin America
6,492
200
167
3,675
3,182
1,299
56
204
Total Latin America
29,653
1,239
80
3,773
1,021
26
48
13
,
730
295
1,847
1
175
120
71
48
416
1,U0
106
10
226
17
17
130
4,052
202
20
2,209
2,476
909
940
1,319
30,635
799
2,069
18,678
5,964
39
3,669
56
4,109
3,842
635
37
467
4,863
3
203
113
229
141
123
2,877
3,595
2,612
1,8U
6U
576
207
21,171
4,228
42
3,035
45
651
5
1,126
57
285
285
121
1
1,616
116
20
62
3
776
120
143
U7
457
227
2,458
27
57
2,363
154
3,399
2,333
427
10
243
21
107
12
21
419
4,929
123
5,249
160
20
2,912
2,397
2
747
112
466
1
93
411
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand
Other Asia
25
964
3,307
31,780
38
11
428
63
Ul
104
91
108
59
U5
U5
712
6,04:
91
39
3,117
2,417
37
667
8,950
3,394
4,195
Total other countries.
1,578
936
386
6
1,163
159
354
45,873
257
23
93
49
899
1/
14
34
163
1,012
International.
24
14
34
451
other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All Other
Grand total.
3
25
45
U
3,079
33
326
700
5,697
3,777
39,434
12
5
"64"
34
2,848
29,932
93
37
104
3,224
662
36
2,512
752
2,548
1
173
50,146
31,000
750
689
399,608
78,3U
23 ,034
158,275
Part of United Arab Republic (Egypt and Syria; since February 1958.
Data on purchases and sales by Syria are not available separately,
but are included in '*Other Asia."
53
482
110
3,421
48,620
36,000
99,177
40,808
501,682
80,671
20,914
297
11 ,723
143,570
183 ,370
Treasury Bulletin
70
.CAPITAL MOVaOJITS.
Section IV
-
Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claime on Foreigners Reported by Nonflnanclal Concerns^
(Poflltlon at eod of period In ttiouBftnd« of dollar*)
ClaljM on foral£Der«
LiabllltieB to forel^Dero
Comtr;
1957
1958
Septenber
December
1,188
21,283
215
1,415
Finland
1,973
18,686
210
1,288
892
Fnnce.
U,839
CeraaQy ••.•....•.•«
Oreece
Italj
Vatharlanda
12,068
2,911
8,833
13,201
14,217
7,884
5,869
5,955
13,727
10,805
4,786
2,304
6,181
temf
13 ,846
13,312
Folaod
12
13
1,494
164
5,379
760
166
1957
September p
September
1958
December
September p
Ra-ope!
Aoatrla
Bel^isa*
1,956
21,039
2,257
2,459
18,444
202
1,389
626
3,084
22,262
209
1,150
726
3,408
10,356
767
3,722
1,013
9,911
4,078
2,328
6,268
11,127
8,665
6,089
1,823
5,955
11,794
19,321
19,752
3,605
26,524
25,352
21,429
25,479
4,658
28,826
25,999
14,760
13 ,207
3,6U
4,867
2,083
1,883
193
5,583
696
199
7,570
3,892
1.992
5,5U
14,616
17
1,628
194
5,418
10,104
5,181
6,937
1,302
540
76,969
5,867
6,004
1,438
270
67,946
5,679
5,095
1,391
270
62,452
5,711
5,335
1,459
270
66,218
5,352
4,741
1,008
270
67,951
10,459
5,040
21,581
315
445
768
678
708
343
283
•••,
402
336
488
Total loropa.... ......
187,485
175,377
160,279
158,910
73, U3
70,978
61,U5
63 ,64b
5,199
1,212
18,478
4,247
5,909
4,366
1,229
19,206
4,130
4,730
5,235
1,100
16,061
3,671
7,191
464
1,013
4,971
5,732
515
978
6,850
CaechoaloraMa.
Senmaz^
Pui'Lngal •••....•....•<
ItlMMlli
Sjaln.
S«B4an.
Swltaarlaod
T<irke7
U.S.SJ)
Ihllt«d Klngrtnm.
TogoaljtTla
Ot^ar lorope
.,
Capada
,
Latin toerloai
Angentlna
BollTla
Braxll
*..,
,
aula
,
Coloabla
,
Cnba
,
DoBl nl oap RapubUc...
Ooate^Un
...,
Naxloa
,
2.529
7,881
2,268
2,670
1,888
1,841
10,438
780
3,822
1,183
2,720
10,971
781
4,759
746
7U
18,312
20,126
2,717
29,972
23,519
20,164
17,293
2,692
27,092
23,373
4,190
2,369
2,806
5,648
1,040
5,183
1,237
3,381
9,922
13.208
13 ,974
9,605
98
55,090
12,570
7,269
22,474
148
54,991
12,017
5,508
26,006
96
43,507
14,190
4,985
25,530
67
48,561
19,043
5,451
25,149
89
58,931
2,767
2,155
1,276
3,161
379
511
2,575
2,683
371
2,254
163,589
230,612
247,628
226,214
232,883
241,285
M,584'
104,339
111,545
96,7J9
111,40c
126,tC4
8,342
896
15,657
10,583
2,505
68,410
10,454
10,295
12,580
2,568
67,695
9,096
7,097
12,001
3,424
10.596
2.920
65,573
12,080
15,259
2,310
61,639
11,317
4,620
5,007
838
13,646
3,118
3,819
13,950
1,988
74,253
12,133
4,702
6,595
755
835
10,379
7,364
1,221
666
8,648
4,200
1,362
628
8,368
24.617
3.515
4.433
29.535
25,153
4,658
4,851
32,846
32,870
4,625
4,340
34,280
31,722
5,322
5,055
34,492
211
1,345
652
13 ,189
1
1,863
U
3,U5
12,591
851
3,936
958
19.
17.926
2.763
30.155
25.729
2,983
1
5,9U
28,511
4,096
4,855
31,020
atharlanda W. lodlaa
and Surinam .,.,.,..,
2,318
1,852
3,815
2,053
1.657
792
863
903
857
1,174
ftnaaa, Kepubllc of..,
Fern
Kl Salradar
10,185
10,850
352
2,699
16,737
3,192
13,905
3,590
13 ,469
6,469
46,184
19,068
17,693
2,361
5,578
45,680
15,069
5,848
16,808
2,273
5,987
35,987
16.210
3,708
20,078
1,792
4,163
10,638
2,505
14,065
21,068
1.869
4.707
33.810
14.370
11,784
19,009
2,581
10,496
3,237
122
4,654
12,135
3,164
8,842
3,693
Vrvgaaj
Tanatnela
Othar latlB Jtaarloa...
6,681
10,846
211
5,246
17,545
2,859
34,986
15,948
Total latin Jtaarloa...
94,390
93,603
91,913
80,188
77,651
259.209
274,776
275,904
253,772
258,405
1,548
1,773
3,598
2,774
2,377
1,515
2,228
2,576
2,682
2,340
1,465
3,033
6,462
2,983
3,486
772
3,582
6,326
2,096
3,019
1,028
8.095
1.806
8.838
2,636
6,041
8,108
1,804
6,358
2,375
4,391
8,059
1,743
6,953
1,389
8,106
1,829
6,382
875
4,760
7,581
8,051
1,421
9,184
858
5,694
1,139
29,563
813
1,003
696
15.773
195
3,848
2,023
6,049
36,768
7,511
2.855
8,181
1,561
42,240
422
7,272
1,429
4,241
44,288
2,893
9,789
1,790
2,772
40,459
3,519
1,684
812
25,906
186
3,456
1,800
,
253
3,805
U,713
131
l,6u
5,21;
Aal«;
China Mainland
Bong KoDg
India
Indooaala
Iran
larael
Japan
Korea, Republic of...
Philippines
Taiwan
6U
3,U5
2.476
2,119
2.819
6,474
38,154
919
8,359
3,863
1,873
32,504
176
5,418
1,353
Thailand
Other Aala
6,425
5,650
6,114
4,717
861
5,484
735
4,901
757
4,743
8,048
15,805
7,818
17,356
2,904
18,186
2,837
15,636
2,626
12,974
Total Aala
60,726
62,436
59,777
53,591
39,922
106,683
107,084
106,995
100,436
96,235
Australia
Belgian Congo
Egypt 2/
UBlon of South Africa
All other
13 ,834
11,889
731
638
10,170
693
10,428
810
8,223
924
1,019
4,782
4,187
8,716
966
606
1,706
5,425
13,729
1,868
3,615
8,105
11,436
12,491
2,129
2.648
6,854
12,201
8,955
2.060
2,839
8,727
10,093
8,636
2,186
3,115
7,941
9,511
8,192
1,587
2,210
7,023
9,996
Total other countrlea
21 ,495
22,623
17,588
17,563
17,419
38,753
36,323
32,674
31,389
29,008
38
27
_42.
257
298
222
373.936
369,192
739,638
738,773
730,178
752,089
U3
29,
153
2,751
9,955
1,253
1,521
Other coxgtrlea:
379
542
1,075
5,665
1,U2
543
1.595
IntOTPatlooal
Onad
1/
total
437, 2U
425.024
391.002
A3 reported by exporters, importers, and industrial and commercial
concerns in the United States. Data exclude claims held through
United States banks, and intercompany accounts between United States
companies end their foreign affiliates.
2/
p
_4i_
777.400
Part of United Arab Bepublic {Egypt and Syria) since February
1958.
Data on liabilities to and claims on Syria are not
available separately, but are included in "Other Asia."
Preliminary.
:
:
.
.
.
April 1959
71
.CAPITAL MOVEMENTS.
Section IV
Supplementary Data by Countries 1/
Table 4.- Foreign Credit and Debit Balances In Brokerage Accounts
(Revised)
S/
(Position at end of period in thousands of dollars)
Credit balances (due to foreigners)
Country
December
1955
December
1956
December
1957
U2
81
1,722
3
68
1,261
16
June
1958
Debit balances (due from foreigners)
December
1958 2/
December
1955
December
1956
December
1957
June
1958
December
1958 2/
Europe
Austria.
Bal^lum.
Czechoslovakia.
Denmark
Finland
48
1,854
205
10
253
U5
276
91
2
8
7r
France
Germany y Federal
Republic of
Greece
Italy
Netherlands
4,463
3,190
3,825
5,841
2U
270
34
337
2,205
87
1,846
76
1,582
307
7,034r
997
73 7r
83
124
772
6,527r
2,194r
75
l,736r
330
80
576
155
6
137
193
2,983
2,901
2,156
2,863
2,821r
347
79
514
2,054
206
159
1,038
2,620
382
290
837
2,622
493
1,670
t34
532
l,136r
488
847
594r
517
693
383
395
19
364
134
42
40
64
UO
185
115
151r
8
299
32
878
4,793
532
90
1,302
3,063
3,840
980
4,151
2,072
1,028
657
1,199
1
2
59
245
35
764
160
1,185
36
37
350
1,244
69
463
832
1,210
115
191
413
436
308
23,420
422
186
26,124
408
247
28,596
11
252
42,602
31
236r
37,15lT
16
119
9,220
110
9,135
38
10,819
235
14,004
2
15
6
108r
15,665r
18
8,462
7,U9
13,386
8,662
9,087r
6,796
7,013
9,684
4,905
5,99Zr
15
843
34
766
22
1,121
27
2,915
11
1,511
3
507
305
136
517
452
l,823r
48,491
47,554
55,970
70,856
69,959r
25,857
26,344
26,789
29.522
30.657r
10,133
13,634
9,9U
9,366
11,736
13,298
10,867
8,882
8,485
Argentina,
Bolivia...
Brazil
Chile
Colombia.
1,110
1,172
1,282
169
1,260
562
54
613
355
336
683
9
921
1,245
77
853
73
893
58
599
32
880
710
89
Cuba
Dominican Republic...
Guatemala
Mexico
Netherlands U. Indies
and Surinam
5,877
43
6,485
236
7,090
6,557
6,801
8
1
35
2,072
35
2,007
Panama. Republic of.
Peru
El Salvador
Uruguay
Norvay
Poland
Portugal
Rumania
Spain
13
Sweden
Switzerland..
Turkey
U.S.S.R
United Kingdo
Yugoslavia. .
Other Europe
Total Europe.
Canada
397r
18
5
1
12.691
Latin America;
93
93
1.403
1,915
456
309
592
773
495
428
2,359
1,307
335
1,794
2,773
3,046
5
33
163
490
l,303r
138
l,356r
l,046r
1,749
37
1,537
974
453
74
658
805r
139
632
660r
U3
123
1
1,4U
91
1,339
4,488
43
304
2,136
1,272
3,453
843
459
693
1,523
1,699
40
234
221
292
527
2,605
961
2,641
3,726
210
2,688
422
5,688
74
465
2,213
4U
3.863
489
35
5,212
3,775
3
1,738
4,013
565
3,420
519r
1,474
2,666
486
1,552
400
5,038
2,862
524
4
5,837
3,454
515
543
11
4,736
488
3
5,504
509
7
5,750
21,488
21,477
26,164
28,5ier
23.538
17,687
13
37
U
1,238
59
51
1,650
37
285
1,345
224
59
111
1,808
70
98
53
28
4,263
22
21
3
18
1,576
93
11
11
35
20
39
35
35
21
34
19
84
40
10
122
21
Venezuela
Other Latin America.
5,459
2,535
300
Total lAtin America.
21,319
3U
3,036
2
6,555
70
35
4,583
5
2,877
4,058r
276
1,098
2,753
338
18,836
20,861
25,678r
3,145
28
,768
23 7r
Asia
China Mainland.
Hong Kong
11
1,255
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
134
U
U
13
39
60
20
3
5
17
45
30
52
49
15
6
29
3,934
29
58
37
15
U
2
Thailand
Other Asia
598
21
45
64
597
Total Asia
2,320
2,162
2,874
3,214
3,593
1,913
4,563
3,868
3,413
4,568r
80
11
146
107
9
7
67
211
34
29
33
42
109r
5
7
16
35
59
U
5
134
10
71
22
27
1,010
33
984
1,235
138
9
201
6
1
585
4
438
16
394r
41
3
Other coxmtries:
Australia
Belgian Congo
Egypt 2/
Union of South Africa.
All other
409
92
9
15
58
1,256
1,069
Total other countries.
1,902
84,165
1,452
6
102
1,023
1,338
1,243
1,748
1,203
1,612
86,081
91,983
110,803
173
40
2
1
U
U
196
1,277
7
62
738
96
842
151
421
28
37
556
1,510
836
985
627
731r
66,116
60,297
59,360
62,908
74,325r
3
International.
Grand total.
1/
2j
Table 5 of this section appeared in the March 1959 Bulletin.
The December 1958 figures previously published in the March
Bulletin, are revised In this table to correct errors in reporting.
U5,418r
1/
,
r
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on Syria are not available separately, but are included in
"Other Asia."
Revised
Treasury Bulletin
7?
.CORPORATIONS AHD Ci3?rAIH OTEE" wtdXHESS-TIPE ATi lVITJiS .
'
The current financial Btatemente of corporatlone and
published quarterly and appear as Section
I
In the series
The first data under the new regulations are
certain other buslneas-type aotlvltle* of the United States
of tables.
Government which appear In the "Treasury Bulletin" beginning with the August 195^ Issue are compiled from report*
Bulletin.
submitted to the Treasury under Department Circular
application of funds are published semiannually, for June 30
Issued January 30, 1956, and Supplement No. 1,
Issued June 1, 1956. The regulations so Issued are pur-
and December
suant to Section
regulations cover the fiscal year 195^, and were published
No. 966,
11'^
of the Budget and Accounting Proce-
for March 31,
and III.
I956,
and were presented In the August I956
Statements of Income and expense and source and
"}! reporting dates,
and appear as Sections II
The first of these statements under the new
Within the sections, the
dures Act of 1950 (31 U.3.C. 66 b), and represent another
step In the program of comprehensive and integrated Qov-
In the January 1957 Bulletin.
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
public enterprise revolving funds, Intragovernmental
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. 8512 of August I3, Ijl+O, as amended by Executive Order No. 90S4 of March 3, 19'*2, under which fi-
and trust revolving funds.
nancial statements previously published In the Bulletin
all executive agencies and activities not reporting under
were submitted.
In coverage, Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
Included In the Oovernment Corporation Control Act, aa
amended 31 U.S.C. 8U6, S56); and all other aotlvltle*
(
of the Oovernment operating as revolving funds for which
business-type public enterprise or Intragovernmental fund
budgets are required by the Bureau of the Budget. Other
activities and agencies whose operations, servloes, or
functions are largely aelf-llquldatlng or primarily of
a revenue-producing nature, and activities and agencies
whose operations result In the accumulation of substantial
Inventories,
investmente and other recoverable assets,
agencies are grouped In separate tables by type, as follows:
revolving funds, certain other activities, deposit funds,
Supplement No. 1 added to the coverage by Including
Department Circular No. 966, but required only a statement
of financial condition annually as of June 30.
These are
mainly not business-type activities, and
which had
tliose
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorized
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the Information on
properties and assets of the United States Oovernment which
the Treasury has been asked to furnish to the Committee on
Oovernment Operations, House of Representatives, for a
continuing study of the Eiseets of the Government. The
first comprehensive reporting under Supplement No. 1 Is
for June JO, 1957, ^hd the data were published in the
December I957 Issue of the Bulletin as Part B of Table k
In Section I.
may be brought under the regulations as agenoy accounting
systems are developed to the point where they are capable
of furnishing the financial reports required.
A summary of loans outstanding for a series of dates
Included In Section I of the Bulletin presentation
beginning with the June I958 Issue. Two classifications
Is
Tour kinds of financial statements are called fbr by
Department Circular No. 966. They are statements of
financial condition. Income and expense, source and
of the loans are shown,
one by type and one by agency.
application of funds, and certain commitments and contin-
Data prior to 195^ are based on the earlier reporting
requirements, which provided for complete coverage of
gencies.
Government lending agencies.
The statements of financial condition are
April 1959
73
.CORPORATIONS AKD CERTAIN 0TEE3? BUSINESS-TXPE ACTIVITIES.
Section I - Statements of Financial Ck)ndltion
Table 1.- Summary by Specified Classes of Activities, December 31, 1958
(In thouaande of dollare)
Account
7'^
Treasury Bulletin
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYn; ACTIVITIES.
Table 2
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, December 31, 1958
-
(In thousande of dollara)
April 1959
Treasury Bulletin
76
.
COKPORATIONS AHD CERTAIH 0THE3« BUSmESS-TYPE i^CTIVITXES.
Section I - Statements of Financial Condition
2.Public
Enterprise Revolving Funds, December 31, 1958
Table
(In tbousande of dollare)
(Continued)
)
April 1959
77
.
OQRPORATIOHS AHD CEHTJUlf CfTBSR BOBIHBS-TXIV JCTXVITIXS.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1068
(m tliouMuids of dollar!
-
(Continued)
Treasury Bulletin
78
.
CORPOBATIQITS AND CERTAIN OTHER BUSSCESS-TYTE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1958
(In Uiou«aade of dollars)
-
(Continued)
April i9'?9
79
.CGRSGRHnOSS AHD CERTiOB OEEER BDSOTBSS-TYPE
Table 2.
M 'I'
J
m
i'
P fcs
l
Section I - Statements of Financial Condition
Public Elnterprlse Revolving Funds, December 31, 1958
(Continued)
(Id thouaaode of dollars)
Housing and Home Finance Agency - (Continued)
Office of the
Administrator
Urban
renewal
fund
C&«h In banlEB, on band, and In trutalt...
T\jDi bfllADces vltii the U. S. TreSBury
64,485
(Continued)
Community
disposal
operations
fund
20
12,638
Federal National
Mortgage Aasoclation
Management
Special
and
assistance
liquidating
functions
functions
373
4,402
Agriculture
Department
Federal
Housing
Admlnistrstlon
6,048
23,887
Public
Housing
Administration
Commodity
Credit
Corporstion
4
2,6U
97,389
7,567
InTttetaBnte:
Public debt aecurltlea (par Talue)
Securities of Governinent enterprises...
Uoaacrtlted premlin, or discount (-}...
Other securities (net)
MTances to contractors and agents:
OoTemnent agencies
Other..
Accounts and notes receivable:
CoTenuBsnt attendee
Other (net)
iDTentarles
AUovance for losses (-)
Accrued Interest recelTable:
On public debt securities
On securities of GoTemment enterprises
Other
Loans recelTable:
GoTerment agencies
Other
Allovance for losses (-]
Acquired security or collateral (net)....
iJUMl, structures, and equlpoent
Accimulated depreciation (-)
Other assets (net)
571,644
9,738
-4,921
465
49,151
4*
,
Total asse ts
106
19,341
1,766
2,193
1,116
6,879
81,389
-1,898
2,124,337
3,350
164
U6,275
24,539
583
312
2,109,532
198,420
5,449,220
-2,412,863
1,592
418,553
-1,224 10/
78
19_
2,211,035
2
202
77
2,178
128
558
-256
11,880
59
4,833
419,978
95,936
-1,270
3,298,383 2/
-128,984
177,243
3,290
-1,640
144,000
15,305
-5,576
1,848
244,508
-98,532
72,818
936,951
204,871
8,744,306
66
6,335
289
37,506
12,279
40,317
UABiLirnB
Accomts payable:
CoTemaent agencies
Other
Accrued liabilities:
Corement agencies
Other
Adrances frca:
CoTemasnt agencies
Other
Truat and deposit llabilltlea:
Corarment agencies
Other
Boida, debentures, and notes payable:
Guveliaent agenoles
Other:
Guaranteed by the Uiited States
Rot guaranteed by the Ulited States..
Other liabilities (including reserves)...
1,856
797,463
617
Total liabilities
3,463 i/
846,055
5,930
1,244,310
399,082
ygr INVESIMHtT
Uiited Statas Interest:
Interest-bearing investaent:
Capital stock
Borrowings from the U. S. Treasury...
Other
Hcnintereet-besxlng Investanent:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Acoxaulated net Income, or deficit (-).
Deposits of general and special fund
revenues ( -)
1,023
462
93 ,000
Total ailted States Interest
142,812
146,275
rootnotes at end of Table
8.
363
677
1,250
114,054
108
22,504
2,439
1,729
17,638
452
33
45,127
35,005
107,878
244,054 2/
-4,633,602
692,897
160,598
7.619.398
936,951
204.871
8.744.306
399,082
14,967
692,897
975,221
-814,623
12,253,000
-4,633,602
414,048
692,897
160,598
7,619,398
-2
3,390
-9,925
61,506
1,105
-2,109,532
58,656
.744,478
161,701
5,568,523
692,897
23,765
1,364,980
414,048
24,539
2,211,035
419,978~
300,000
-157,188
24,167
-402
1,244,310
120,671
142,812
23,765
1,364,980
312
-69,607
13,892
24,077
100,000
12,153,000
-814,623
14,967
iu,a9
876,875 2/
1,124,908
1,000
692,687
246,535
120,671
1,606
4,952
U,273 2/
35,000
207,000
Total liabilities and investment
Total United States Investment after
exclusion of interagency Items
774
1,474
49,223
46,167
-22,000
-402
Total lilted States investoent including
Interagency Iteios
Interagency Items:
Due from Govemment agencies (-)
Due to Government agenc les
3,390
100
58,937
-157,188
ABALYSIS OF UNITED STATES INVESTMaiT
United States Investoent
AccuBulated net incone, or deficit (-}...
13,782
11,577
1,309,266
(Continued on follovlog page)
417,438
Treasury Bulletin
20
.
cGBSGafaicma aid gertaih oteer Bosmss-TXPE jtcnvrriBs.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1958
(In ttaouaaada of dollar
)
-
(Continued)
t
April 1959
81
,
CORFORATIORS AHD CERTAHI OTHER BOSHIBSS-ITEE tCTITTnSS.
Section I - Statements of Financial Condi Ion
Table 2.- Publl c Enterprise Revolving Funds, December 31, 1958
(Id thousasde of dollars)
-
(Continued)
Treasury Bulletin
82
.
COKPORATIonS
AID)
CERTJOU OTHER BUSIHESS-TyPE Ari'iViTlKS.
Section I - Statements of Fineincial Condition
2.Table
Public Enterprise Revolving Funds, December 31, 1958
(In thousands of dollara)
-
(Continued)
April 1959
nnppnPATTOiTR Aim mirRTATw OTHEE busimess-type
AfimrmTK
:
Treasury Bulletin
gn-
.
CORPORATIOWS AND CEKPAIH OTHER BUSHraSS-TTFE Ari'lViTUbS,
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1958
-
(Continued)
(Id thouaands of dollare)
Interior
Department(Continued)
Expansion
of defense
production
Labor Dept.
Bureau of
Employment
Security
Farm labor
supply revolvlng fund
Poat Office
Department
Treasury Department
Office of the Secretary
Reconstruction
Finance
Corporation
liquidation
Postal
fund
Civil
defense
loans
fund
Bureau of
Accounts
Office of the
Tree surer
Fund for payment of Government losses
In shipment
Treasurer of
the U.S.,
check forgery
insurance fund
Expansion
of defense
production
Assgrs
Caah In banks, on hand, and in tranalt...
Fund balances with the U. S. Treasury....
804
2,213
160,970
171,539
4,358
19
4,752
InvestJBente:
Public debt securities (par value)
Securities of Governinent enterprises...
UDAmortlzed premlim, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agenc le s
Other
Accounts and notes receivable:
Govemment agencies
Other (net)
Inventories
Allowance for losse s ( - )
Accrued intertst receivable
On public debt securities
On eecurltlee of Govemment enterprlsec
Other
Loans receivable:
Govemment agenclee
Other
Allowance for loeaes (-)
Acquired aecurlty or collateral (net).,..
Land, structures, and equipment
Accumulated depreciation (-)
Other aesets (net)
700
5,775
38
18
34,411
19,992
16,432 ii/
25
27
36
b,Ubi
303
38,243
-9,800
14,732
-13,926
nb,2T!
1,098
-10,500
200
23
Total assets
7U,676
254
-47
90
-107,632
2,550
1,046,862
33,231
83,487
223,722
13
li,
1,121
UABILITIES
Accounts payable:
Govemment agencies
Other
Accrued llabllltlee:
Govemment agencies
Other
Advances from:
Government agenclea
Other
Trust and deposit llabllltlea:
Government agenclea
Other
Bcnde, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the tllited States
Not guaranteed by the mited States..
Other llabllltlee (Including reservee)...
4
400
,
149
69
Total llabllltlee
NET mvEsrMarr
mited states Interest:
Interest-bearing investjnent:
Capital etock
Borrowings from the U. S. Treasury..
Other
Nonlntereet-bearlng inveetnent:
Capital stock
Appropriations
Capitalization of aesete (net)
Other
Accimiulated net income, or deficit (-)
Depoalts of general and special fund
revenue a ( -)
301
30,988
16
526
338,197
16
31,000
840
376,622
653,476 IS/
50
33,113 8/
-321,432
Total Italted States Interest
1,210
2,024
708,665
33,113
Total llabllltlee and investment
1,610
2.550
1,046,862
33.231
AWALYSIS OF UNITED STATES INYESIwaiT
united States inveataent
Accisnulated net Incooe, or deficit (-)..
Total Iftilted States Inveatment including
interagency Itema
Interagency Items:
Due from Govemment agencies (-)
Due to Govemment agencies
Total United States inveatanent after
exclusion of Interagency items
Footnotee at end of Table
8.
36
20
142
-839
-6
105
44
April /9J9
«5
.CORPORATIONS AHD CERTAIN OTHEP BOSIMBSS-DrPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1958
(Id thousands of dollars)
:
Treasury Bulletin
S6
.
COHPOHAnORS AHD CERTAIN OTHER BUSHtBSS-TTfEE ACTIVITIES.
Sectlon
Table
3.-
I
-
Statements of Financial Condlt Ion
December 31, 1958
Int ragovernment al Revolving Funds,
(Continued)
-
(Id tbou2&ndB of dollare)
griculture Department
Caah In banks, on hand, and in transit...
Fund balances with the U. S. Treaaury....
Agricultural
Research
Service
Forest
Service
Working
capital
fund
Working
capital
fund
384
Defense Department
Corncerce Department
Working
capital
fund
National
Bureau of
Standards
Working
capital
fund 2/
3,131
,643
1
33
Air Force Departrr.ent
Working
capital
fund
64
Stock
fund
Industrial
fund
193,138
35,421
InveetjDenta:
Public debt aecuritiea (par value)
Securltlee of Covermnjent enterprises...
Unaaiortlzed premluni, or discount {-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On eecurltiee of Government enterprises
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
Total assets
LIABILITIBS
Accounts payabls
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Truat ai^ depoelt liabilities:
Government agencies
Other
Bends, debentures, and notaa payable:
Govenmsnt agencies
Other:
Guaranteed by the Uilted States
Not guaranteed by the tliited States..
Other liabllltlea (Including reserves)...
50
341
Total united states interest
Total liabilities and Investjpent
ANALYSIS OF UNITED STATES INYESrMEirr
United States Investment
Accumulated net Ir-comc, or deficit (-)
—
Total united States investment including
interagency 1 tens
Interagency itema:
Due from Covemment agencies (-)
Due to Government sgencles
Total united States Inveatment after
exclusion of interagency items
Footnotes at end of Table
3.
U3
1,430
323
257
2,435
239
2,202
26,731
-13,690
177
804
-424
50,735
-15,759
567
-229
1,076
18,435
1,3U
52,^63
77
29
92
611
71
61
64
665
U3
9
186
79
1
111
546
-307
8
2_
100
1-^6
875
189,932
11,836
496,732
85,099
434
928
25,759
586
918,877
122,468
79,657
76,028
22,380
8,554
1
133
824
1,206
8,119
10
63
6
57
366
1,398
176
1,771
2,379
1.855
389
11,452
198
158,065
34,052
300
223
15,170
400
520
5,000
36,180
100
251
221,300
710,915
81,000
-856
32
1,867
35
331
325
-171,403
8,272
203
Total llablll tlea
NST UTYESfiwarr
Vhlted states interest:
Intcrest-bearli^ inveatment:
Capital stock
Borrowings frc© the U. S. Treasury...
Other
Honlntereet-bearing Investsuent:
Capital stock
Appropriations
Capltalllatlon of assets (net)
Other
Accunulated net income, or deficit {-).
Deposits of general and special fund
revenues (-)
1,197
125
763
»5
17.037
955
a.5U
677
760,812
88,416
1-076
18.A35
1.344
52.963
375
918.877
122.468
523
32
15,170
1,867
920
35
41,180
331
351
325
932,215
-171,403
555
17,037
41,511
677
760,812
88,416
80,
lU
8,272
-1,197
235
-414
72
-2,435
8,183
-373
139
-189,982
79,657
-85,099
22,380
353
16,075
613
47,258
303
650,487
25,696
-3a
(Continued on following page)
—
:
April 1959
87
.
CORPORATIOBS AHD CERTAIR OTHER BDSIHKSS-TYEE A3TIVmES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1958
(m
-
(Continued)
tbousandB of dollare)
Health, Education, and
Welfare Dept,
Defense Depertment - (Continued)
Arny Department
Stock
fund 2/
Assgrs
Cash In banks, on band, and In transit....
Fund balances with the U. 3. Treasury
Investaents:
Public debt securities (par value)
Securities of Governjuent enterprises....
Unamortized premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government agencies
n,,,,,*
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
743,592
Corps of
Engineers
Stock
fund
Industrial
fund
Marine Corps
stock fund
Office of
the Secretary
Working
capital fund
177,562
31,50?
230,568
102,443
43,848
18,952
178
3,222
69,496
10,766
2,115,142
73,915
362
272,157
451
417
30
ao,383
119
809
253
1,163
i
Total assets
Industrial
fund
Navy Department
1,55°
290,681
4,713
6,281,797
11
20,096
843
95,080
209
-130
194,290
-85,945
39,511
1,692
7,195
1,226
7,361,852
296,436
167,199
2,426,780
456,073
456,337
490
104,720
74,410
6,376
12,403
1,521
6,598
104,903
41,303
3,495
14,712
7,542
23,355
32
18
LIABIUTIBS
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenc ies
Other
Trust and deposit liabilities:
Govaroaent agencies
Other
Bonds, debentures, and notea payable:
Govemnent agencies
Other:
Guaranteed by the tilted States.
Not guaranteed by the Itolted States
Other liabilities (including reserves).
Total liabilities
WKT ZHVEEfTMBn'
Uhited States interest:
Interest-bearing investment:
Capital stock
Borrowings frcm the U. S. Treasury...
Other
Noninterest-bearii^ Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accimiulated net income, or deficit (-).
OepoBlte of general and special fund
revenue a (-)
Total Uhltcd States Interest.
Total liabllitiee and investment.
ABALYSIS OF UWITED STATES IHVESTHtBT
United States Investment
Accumulated net income, or deficit (-)...
Total lilted States investxient including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total Uilted States investanent after
exclufllon of interagency items
Footnotes at end of Table 8.
4,152
52,168
19,320
35
15
483
1,879
62
-32.229
31.501
32.819
18.867
117,529
4,796
146,901
69,662
a, 421
165,073
193,950
35,693
184
206,930
13,900
25,241
94,316
486,587
1,995,098
266,851
-33,287
-93,000
546,660
221
9,102,969
-1,888,017
5,9U
6,221
-219,978
28,559
-33,016
85
7,214,951
226,774
125,778
2,261,707
262,123
420,644
306
7,361,852"
296,436
167,199
2,426,780""
456,073
456,337
490
9,102,969
-1,888,017
220,830
5,9U
119,557
6,221
2,481,685
-219,978
233,564
28,559
453,660
-33,016
221
85
7,214,951
226,774
125,778
2,261,707
262,123
420,644
306
-290,681
104,720
-21,259
6,376
-18,952
2,004
-69,496
104,903
-73,915
7.662
-451
7.542
-30
67
7,028,991
211,891
108,830
2,297,115
195,871
427,735
343
(Continued on following page)
Treasury Bulletin
ss
.
COEPOHATIOKS AKD CERTAni OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1958
(In tbousBAde of dollars)
-
(Continued)
April 1959
.
COEPORAIIONS AND CERTAIN OTHES BUSIHESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1958
(Iji
thoxiaande of dollare)
Treasury Bulletin
90
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACnVITIES,
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1958 - (Continued)
{In thouaande of dollara)
:
.
April 1959
91
.
CORPORATIOTS AHD CERTAIN OTHER BUSUJESS-TTPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1958 - (Continued)
(In tbousande of dollars)
Agrlcxilture
General
Services
Adnlnietration( Continued)
All
other 6/
Commerce
Department
Department
Farmers'
Home
Administration
Rural
Electrification Administration
Maritime
activities
HEW
Department
Office of
Education
Loans to
students
Interior
Department
Bonneville
Power
Administration
Southeastern
Power
Administration
Assna
cash in banke, aa hand, and LD tranait.
fund balancea with the U. 3. Treaeur^r
.
.
.
.
538,862
103
60,782
691
85,653
29
383,045
32,271
InrestzientB:
Public debt securities (par value)
Securltlea of Governaent enterprises...
IKuuiortlzed premiisa, or discount (-)...
Otlier eecurlties (net)
Advancee to contractors and agents:
Government agencies
Other
Accounts and notes receivable;
Oovemaent agencies
Other (net)
^^iTentorles.
502
-4
65
10,721
61
25
87
11
1
524
11,636
3,154
6,001
77,584
44,507
47
185
196
18,503
142,234
2,111
126
744,494
-81,690
602
2,542
-12
2,874,423
-8,625
226,309
372
52
Allowance for losses (•)
Accrued Interest receivable:
On public debt securltlea
Cn securities of Govemaent enteriarlsee
ther
>ans receivable:
Government agencies
J ther
Allowance for losses (-)
squired aecurltjf or collateral (net)....
L-i.nd, structures, and equipment
Accunulated depreciation
Other assets (net)
(
699
8,969
6,265
1,442
25
77
-32
147,181
555
36,324
451,720
-79,929
944
2,035,875
746,164
3,094,465
5,385,143
423,890
2,752
4,840
4,428
88
32
26
9,850
2,567
34
1,210,697
-)
Total assets
2,950
774
-774
4,721,451 2/
73
UABIUTISS
Accomits payable
Government agencies
ther
Accrued liabilities:
Govemmsnt agencies
Other
Advancee from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bcnde, debentures, SAd notes poo'Sble:
Government agencies
Other:
Guaranteed by the Ulited Statee
Not guaranteed by the Uilted States..
ther liabilities (including reserves)...
otal liabilities
Total United States interest
^o tal
liabilities and Investment
12
24
1,926
451
4,797
5,877
968
495
1
296
16
640
1,105
637
1,830
1.050
20.489
1.895
7,961
1,897
240,081
6,208
237,566
2,897,256
494,730
438,091
-4,497
-176,293
268,989
-1,050
-71,068
1,861,572
5,724,501
585
-1,602,672
-838.924
6.119
1,981,269
96,172
110,950
28,544
54,606
NET mvESTMarr
Uilted states Interest:
Interest-bearing inveataaent:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assete (net)
Other
Accunulated net Income, or deficit (-).
Deposits of generel and special fund
revenues (-)
155
733
-235
-295.050
Total United States Investiwnt after
exclusion of interagency Items
Footnotes at end of Table
8.
81
-334 a/
73,761
-80.208
-251.393
1,981,269
738,203
3,092,568
5,145,061
499
417,682
2.681
2.035.875
746.164
3.094.465
5.385.143
499
423.890
2,762
1,981,269
914,496
-176.293
3.163,636
-71.068
6,747,733
-1.602.672
733
-215
367,567
50.116
-71,080
73.761
1,981,269
738,203
3,092,568
5,145,061
499
417,682
2,681
-16,721
38,181
-52
968
-1
353
-549
111,741
739,119
3.092,919
5,256,253
accumulated net income, or deficit (-)...
:tal united States Investment including
Interagency Items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
9,382
-1.560
ANALYSIS OF UNITED STATES INVESTMBTO
'nlted States investment
576,720
16,856
69,041 3/
50,115
26
2,002,729
(Continued on following page)
-3,649
640
499
a4.674
Treasury Bulletin
92
.CORPORATIONS AND CERTAIH OTHER BUSINESS -TYPE ACi'IViTiES,
Section
I
-
Statements of Financial Condition
December 31, 1958 - (Continued)
Table 4.- Certain Other Activities,
(In thouflande of dollars)
April /9J9
93
.oonFORxnats ahd ckrtahi
Section
I
-
(yrssR jsjshoss-ttpe
jcnvmES.
Statements of Financial Condition
Table 5.- Certain Deposit Funds,
(In thousands of dollars)
December 31, 1958
Treasury Bulletin
9"^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, IDecember 31, 1958
(In thou3Bnds of dollars)
April 1959
Treasury Bulletin
96
_
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding December 31, 1956, Excluding Interagency Loans,
Classified by Types of Loans
(In thousands of dollars,^
Type of loan and lending agency
Public enterprise
revolving funds
To aid agriculture:
Loans to cooperative associations:
9,928
2,874,423
Farmers Home Administration
Rural Electrification Administration
Crop, livestock, and cominodity loans:
'
Comnodity Credit Corporation
Disaster loans, etc., revolving fund
Farmers' Home Administration
Virgin Islands Corporation
Storage facility and equipment loans:
Con-jnodity Credit Corporation
Farm mortgage loans:
Farmers Home Administration
Furm tenant mortgage insurance fund
Guaranteed loans held by lending agencies:
Comrr;odity Credit Corporation
Other loans:
Farmers' Home Administration
'
Total to aid agriculture
To aid home owners:
Mortgage loans:
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Housing and Home Finance Administrator:
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project
Veterans' Adniinistration:
Direct loans to veterans and reserves
Loa n gua ranty progra m
Other loans:
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty program
Total to aid home owners
To aid industry:
Loans to railroads:
Expansion of defense production:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation liquidation
Ship mortgage loana:
Comjnerce Department:
Maritime activities
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guaranties:
Air Force Department
Army Department
Navy Department
Other purposes:
General Services Administration:
Reconstruction Finance Corporation liquidation
Housing and Home Finance Administrator:
Liquidating programs
Inland Waterways Corporation
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation
Virgin Islands Corporatloo
Total to aid industry
fund
fund
fund
fund
Certain other activities
April 1959
97
.CO'RSO'RKn.OSS AICD CERT AIM OTHER BUSHIBSS-TYPE
Section
'
/U. I
'
I
tf
l'1'l
y!
l.
statements of Financial Condition
December 31, 1958, Excluding Interagency Loans,
Classified by Types of Loans - (Continued)
I
-
Table 7.- Loans (Xitstandlng
(In thouasnds of dollars)
7
9
3 5
5
6
9
5
8
5
.
7 7
Treasury Bulletin
9<S
.
COEPORATIOWS AND CERTAIN OTHES BUSIKESS-TYPE ACTIYITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part A.- Classified by Types of Loans
(In
mlUlone of dollare)
To aid apiculture
Total
Bud of
p«rlod
Total
to aid
agriculture
1/
Fiscal yeare:
1950
1951
1952
1953
195^
1955
1956
1957
32,771.7
3,773.3
16,066.0
3,67'' .7
I., 058 .2
17,863
.u
11,996.6
18,7113 -8
6,389.1
6,361.7
6,789.6
6,827.5
5,913 .•
19,1)20.5
20,5'.7.5
21,812.9
1958
22 ,893 .U
Agricultural
credit
corporatlone
573.7
751.7
865.8
823.9
.0
Cooperative
aasoclatlone
1,659.0
1,958.8
To aid home ownera
Crop, liveatock, and
coDsnodltj'
Farm
mortgage
loans 2/
loaxie
1,003.1
''08.6
''37.7
2, 17''.
1,216.5
2, '160.
2,333.3
2, '167.
Total
to aid
home
owners
515.9
530.1
5*9.6
588.8
21.6
25.5
30.9
.2
2, 9^.2
39.5
2,8lU.l'
'''».6
3''
1,315.7
1,809 .U
2,387.''
Mortgage
loans
25.0
1,290.7
1,809.1
2,387.3
.3
2,91''.l
2 ,8lU .2
3,09''.6 i/
.1
.1
.1
.2
8UU.6
89U.U
996.5
1,227.0
2,601i.l'
2,23U.O
6''7.2
63i'.l
2,77''.''
2, ''52.
275.3
392.5
3,377.7
3,30e.7
2,979.3
3,191.6
2,089.2
1,686.2
31'' .2
ltl'8.2
'',276.0
7'' .9
10I1.5
359.2
i'lt7.3
'•,380.5
I.
.628 .2
'',''73.5
15k.
507.1
629.1
671.3
589.8
635.6
686.5
733.6
9e8.8
1,160.5
1,892.5
2,171.5
952.''
1,528.1
1,525.2
3.0
30.9
37.3
2,1''1.6
2,l''l.'i
.3
1,''53.8
3,116.2
3,026.2
2,669.7
2, It'll.
.1
.1
''9.2
2,603.3
2,930.0
2,906.8
2 ,603 .2
2,U68.6
2,589.6
2,721.7
508.8
517.1
566.7
597.6
628.7
23.''
2,3''1.1
596.'.
''1.2
3,20''.''
3,201'. 1
3,771.''
3,683.1
''01.9
U,768.6
i, 860.3
l',6U2.0
3,333.9
289.8
357.5
399.5
366.2
3,152.0
3,394.2
77''
3, 09'' .8
i/
Calender yeare
1950
1951
1958
1953
195^
1955
1956
1957
1958
13 ,''13 .2
3,88U.l
595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
'',161.3
ll»,
Current quarterai
1957-March
September
1958-March
September
21,807.1
21,820.5
23,^*99.5
23,717.'*
5,070.3
6,810.5
6,929.2
6,715.''
6,785.''
6,681.1
8,684.9
832.8
2,95''.l
1,8''0.7
euo.u
996.5
2,975.9
2,7l'3.0
300.0
6, ''66.
7,60l'.l
3,07'*.l
3''5.3
1,039.''
7,389.2
1,233.9
3,169.8
3,302.9
1,613.6
2,587.1
2,037.9
7,289.3
To aid Induetry
38.''
396.7
''30.0
'.36.9
360.3
381.3
'•''7.6
''33.3
'',173.9
'',680.3
'',917.0
'',607.0
Total
to aid
Industry
.2
i/
4,671.3
'',078.1.
.3
88.3
326.6
188.5
95.5
115.5
'',56k .8
'',776.U
li'0.7
'',''35.5
171.5
To aid financial Inetltutione
To aid
End of
period
2,929.9
2,906.6
aip
Total to
aid financial
Institutions
Loans to
rallroeda mortgage
loane
Insurance
companies
Mortgage
loon
companies
States,
Territories
Foreign
loane
Other
loene
etc
Fiscal yeare:
1950
1951
1952
1953
628.0
603.1
I95I'
''26.7
''38.5
5^9.1*
61'' .6
1955
1956
1957
1958
626.9
639.6
65U.2
U3.0
515.0
10''.
''98. li
85.2
78.6
11.9
12.7
32.7
32.3
8.0
U6U.2
535.9
''1''.7
221.0
218.6
191.0
U25.8
393.2
1.08.8
l'55.2
2.6
82U.5
653.0
718.5
677.9
1,019.2
1,180.6
1,086.6
933.7
.1
13.6
13.7
5.1
*
'..5
713.9
2.8
2.2
3.7
671.''
3.''
1,013.5
.1
6,116.3
6,151.1
7,617.0
61.9
65.7
7,798.''
7,961..
8,632.1.
88.5
138.7
218.6
2''3.0
8,171.6
8,300.2
335.5
1*37.''
''22.9
810.7
560.9
732.5
732.7
332.3
255.2
226.8
6''7.9
68.''
^.3
7.2
7.2
1,173.''
1,079.''
1..2
929.5
270.9
9,01.6.2
U''6.8
810.2
800.7
859.6
''68.0
712.3
1,020.2
6,077.8
6,110.3
7,736.2
62.8
66.2
9''7.2
6''U.6
8,01.2.6
863.8
271.7
8,000.5
7,988.3
8,223.5
8,753.7
9,509.7
118.7
166.0
256.0
Calendar yeare
1953
568.0
589.1
597.6
587.8
I95I'
''31.3
1955
1956
1957
1958
678.3
619.3
673.9
679.9
109.9
100.7
81.9
79.0
11.5
11.2
12.5
10.3
7.8
628.7
651.6
32.3
10.3
6U'..7
8.1
7.9
1950
1951
1952
Current quartere:
1957-March
September
1958 -March
September
31..
30..
31..
30..
Footnote e at end of table.
657.8
''58.1
1/
I
U88.5
515.7
508.8
U19.6
U06.5
387.5
260.7
219.3
216.8
'1I16.9
186.6
485.5
a2u.3
81U.2
1''.0
li.k
861..
951.8
869.8
1,1.19.0
2.3
3.5
1,235.5
1,272.3
1,300.6
7.2
2.3
7.3
228.11
387.9
216.0
202.5
1125.3
968.1
1,126.0
''3''.1
703 .U
7.3
7.2
7.2
189.6
''60.3
1,011.9
2.U
'.5
3.7
3.1
1,''12.''
2't''.9
1,228.2
1,265.2
1,298.3
26't.O
960.7
1,118.8
696.3
1,009.5
2U6.0
293.4
272.3
275.9
27''.
293.6
8,237.0
8,316.2
8,965.3
9,271.1
71..
210.1.
31.1.9
522.4
237.8
303 .9
390.1'
U86.7
5
U
April
3
6
5
8
9
1
9
U
53
5
2
IW)
99
.
COHPOEAHQNS AHD CEKTAIH other BUSINESS-TYEE ACTIVmES.
Section
Statements of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part B.- Classified by Agencies
I
-
(In millions of dollars)
International
Cooperation
AdmlnlBtratlon 8/
Total
Bid of period
1/
fiiport -Import Banlc
Farm Credit Administration
Pf Washington
BanJcs
Expansion of
de fense
prod.
for
cooperatives
Federal
Farm
Mortgage
Corp.
Federal
Intermediate
credit
bank 8
Fed. Home
Loan Bk.
Board
Reconstruction
Finance Corp. 2/
Fed. home
loan
banks
Expansion of
defense
prod.
Veterans'
Administration
Business
Direct
Loan
Adminguaranty
istration lean
program program
Sull
GSA
Public
Works
Admin,
(in liquidation)
FlacBl years:
1950
1951
12,771.7 10/
13,689.U
16,066.0
1, 1157 .2
17,863 .U
1,529.7
.1
2,233.3
2,321.6
2,388.9
.1.
2,51*7.0
321*. 3
22 ,893 .U
2,1*36.7
32.1*
2,761.6
2,773.6
2,681.5
2,630.2
3,061.3
309.2
321.7
21,812.8
1,691.6
1,885.5
2,111.3
13.1
22.3
30.3
36.5
1*10.0
y
1952
1953
195^
I8,7'i3.8
19,1*20.5
20,5l>7.5
1955
1956
1957
1958
1,5'»3.5
21*5.1
312.1
31*3.1
52.9
39.7
29.3
21.6
571* .2
751*. 1
15.9
865.7
823.8
773.9
U.6
81.6.6
31*9.1
11/
381*.
UU2.6
616.2
652.7
718.3
675.1
1,016.9
897.7
996.5
1,227.0
1,173.1*
1,079.1*
816.0
805.9
91*5.9
6.8
59.3
123.2
802.9
656.8
652.7
379.6
929.5
59.1*
132.3
207.1*
2.2
31*.
298.2
370.2
85.1
1*33.3
151*.
521.3
21*5.5
69I1.1
6.9
17.2
28.3
39.5
50.8
60.5
89.1
87.1
86.8
86.5
85.6
81*.
78.2
106.8
156.8
83.1.
u.o
87.2
87.1
86.7
85.9
82.3
81.1
Calendar yeare:
1950
1951
1952
1953
195^
1955
1956
1957
1958
,
Current qtjarters
1957-Mar. 31.
Sept. 30.
1958-«ar. 31.
Sept. 30.
2,226.5
2,296.0
31*5.5
lt2U.8
.2
2,1*96.1
1*21*
7.9
19.8
23.5
38.2
2,833.3
2,806.2
2,702.2
2,663.1
3.005.6
3,332.1
13, 1*13 .2 10/
ll», 595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
21,807.1
21,020.5
23,''99.5
23,717.1'
!»/
1,511*.
1,536.8
1,623.9
1,766.8
1,991*.
377.3
18.
366.7
375.1
13.1*
510.2
633.0
673.3
590.2
637.7
U.6
689.1.
.0
1*5.5
31*
1*57.1
Office of
3U.1.
2,0311.9
38.8
36.5
2,636.7
1*22.7
81*0.1*
2,619.1*
1*30.1*
997.0
3I1.1.
3,076.7
3,206.9
U28.2
1,039.1*
1*73.2
1,233.9
2,139.5
2,337.7
2, 511*.
30.i
32.1*
Federal National
Mortgage Aaeoclation 3^/
the
Adminls
trator
12/
Management and
llquldatipg
Fiscal years:
1950
1951
1952
1953
1951*
1955
1956
1957
1958
.1
32.6
1*3.3
59.2
99.3
229.
308.2
1*56.7
1*77.2
x,055.6
1,576.9
2,066.1
2,1*97.8
2,301.2
2, 581*.
2,1.95.6
2,356.5
2,218.5
Calendar yeora:
1950
1951
1952
1953
1951*
1955
1956
1957
1958
Current qi^Lrters:
1957-Mar
733.6
928.8
1,159.0
11/
2,19U.8
2,682.3
1*51*.
511.3
HouBlng and Home Finance i^eacy
Bnd of period
.0
21*.
26.1
1,31*6.7
1*0.5
1*2.2
1,8U9.6
2,2U1.8
78.2
192.2
2,1*61.7
2,1*61.9
26I..3
2,555.7
352.1*
2,1*17.8
356.7
570.1
2,269.9
2,124.3
861* .2
816.0
27.7
88.8
951.6
867.5
1,U16.8
1,228.2
1,265.2
1,298.3
71*3.5
112.7
671*.
161.
589.5
960.7
1,118.8
696.3
1,009.5
Agriculture Departmept
Coonercfl
Dept,
Federal
Housing
Public
BouBlng
Adminis- AdmlnleSecondary Special tration tration
aeslet
marlffit
Ut/
ance
Conanodlty
Credit
Corporation
Farmere'
Home
Administration
R\o*al
Electri- Maritime
fication activiAdminis- ties
tration
.0
26.8
257.1
328.6
51*.
1*12.8
115.6
202.9
292.8
U63.8
131.5
186.9
216.0
260.1
1*87.6
Interior
Dept.
61.0.U
7i5.6
573.5
677.1
716.6
22.7
33.7
1*1*.
55.6
68.2
91.2
129.2
190.0
81.
96.0
117.7
62.lt
11.2.9
173.2
.9
83.8
82.6
81.5
80.3
61.7
81.2
80.6
Treasury Department
Expan
RFC
Expan(m liq- slon of
sion of
uidation) defense
defense
prod.
.2/
prod.
Other
16/
other
11/
Treasury Bulletin
100
.CORPORATIONS AHD CERTAIN OTHKR BOSIKESS-TyPE. ACTIVITIES,
Footnote to Table
1
assets of the agenclea, but are not aaaets of the United States
Governnient since funds must be provided out of future receipts
to take care of checks to be issued againat the balances.
1/ Tfaeee anounts consist in the main of unexpended balances of general,
special, and revolving fund accounts against which checks may be drawn
The funds are considered aa
to pay proper chsrges under these funda.
Footnotes to Table 2
1/ Includes $8,^00 thousand guaranteed loans held by lending agencies.
2/ Certain corporations and other business-type activities that have submitted statements of financial condition have guaranteed and insured
These comloans which were made by private financial institutions.
mitments are of a contingent nature end have been excluded from their
have
contingencies
and
these
balance sheets. The major agencies that
the amounts are as follows:
Amount
(In thousands
Activity
of dollars)
International Cooperation Administration:
Foreign Investment guaranty fund
Veterans Administration:
Loan gToaranty program
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund
Federal Housing Administration
Public Housing Administration
Agriculture Department:
Farmers' Home Administration:
Farm tenant mortgage Insurance fund
Commerce Department:
Federal ship mortgage Insurance fund
Treasury Department:
Expansion of defense production
Defense production guaranties (various activities)
3iO,838
'
16,933,000
2/ Represents the remaining accountability of the United States Government In certain assets and liabilities transferred from the Reconstruction Finance Corporation effective July 1, 1954.
4/ The surplus is considered by the Corporation as available for future
^
insurance losses and related expenses with respect to Insured Inatltutlona.
Consists of net Income from power operations of $494,318 thousand and
net expense of nonrevenue-producing programs of $193,212 thousand,
6/ Costs of maintenance, repair, etc., of Improvements, and maintenance,
etc., Lafayette Building, Washington, D, C., formerly shown under
public buildings under this heading, have been discontinued In accordance with Public Low 85-886, approved September 2, 1958 (72 Stat. 1709).
Operations will be carried on through the buildings management fund.
2/ Represents the net investment of the United States Government transferred frorr, the Reconstruction Finance Corfwratlon effective July 1,
1954.
213 ,266
25,069,108
3,235,386
177,762
149,001
16,313
236,1^8
8/ Represents the equity of the United States Treesury in this fund.
2/ Includes guaranteed loans and certificates of interest aggregating
$302,627 thousand which are held by lending agencies.
10/ Includes unrealized purchase discounts amounting to $1,006 thousand.
11/ Includes operating and administrative expense funds.
12/ Includes $5,500 thousand advanced from a revolving fund which has been
eatebllBhed by appropriations.
13/ Includes net accrued interest of $1,387 thousand on Investment in power
facilities.
14/ Figures ere as of January 9, 1959.
1^/ Figures are shown on an estimated basis.
*
Less than $500.
Footnotes to Table 3
1/ Consists of administrative expenses, foreign aid procurements; construction services, public buildings; and working capital fund.
2/ Figures are as of December 27, 1958.
2/ Figures are as of September 30, 1958, the latest available.
*
Less than $500.
Footnotes to Table 4
i/ Conalate of certain ectivlties that are reporting on a quarterly basis
2/
2/
^/
^
6/
2/
and a seminannual basis at the present time.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds,
The National Advisory Committee for Aeronautics was transferred to the
National Aeronautics and Space Administration effective October 1,
1958, in accordance with Public Law 85-568, approved July 29, 1958 (72
Stat. 432).
Represents appropriations for salaries and expenses.
See Table 2, footnote 2.
Represents assets and liabilitiee of the General Services Administration
exclusive of trust and revolving funds, and strategic and critical
materisls.
Includes vessels owned and under construction.
8/ Represents Interest on invested capital.
2/ Represents funds returned to the United States Treesury from sale of
capital assets.
10/ Includes stock of the International Bank for Reconstruction and Development amounting to $635,000 thousand end aubscrlptlona to the International Monetary fund and the International Finance Corporation amounting to $2,750,000 thousand and $35,163 thousand, respectively,
li/ Includes $988,710 thousand due iinder the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due the
United States In the principal amount of $1,798,943 thousand.
IZ/ Includes loan to the United Klkigdom amounting to $3,419,393 thouaend
•
outstandln,
ing.
Less tha n $500.
Footnotes to Table 6
1/ Consists of trust revolving funds that are submitting statements on a
quarterly basis and certain truat revolving funds thst are submitting
statements on a semiannual end annual basis at the present time.
2/ In accordance with the Farm Credit Act of 1956 (12 U.S.C. 1027) the
banka will be classified as a deposit fund beginning January 1, 1959
(see "Trust Account and Other Tranaactions," Table 3, footnote 4).
i/ Includes unrealized purchase discounts amounting to $58,050 thousand.
^/ Figures are as of June 30, 1958, the latest available.
5/ Represents transfers from States.
•
Leas than $500.
April 1959
101
.CORPORATIONS AND CERTAIN OTnER BUSINESS-TYPE ACT lVlTLhS .
Footnotes to Table 8
X/ Figures on loans outatanding beginning 1956 include loana under
deposit and trust revolving fund activities not included in Table 7.
For the purpose of showing all of the Government loens outstanding,
the deposit and trust revolving fund loans have been included in
Table 3.
2/ Includes guaranteed loans held by lending agencies.
"X/ The major portion of the loans of the Veterans' Administration loan
guaranty program are included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter.
ij Figures representing loans made by the International Cooperation
Administration prior to 1952 are not available at this time.
Includes the loan to the United Kingdom and guaranteed loans held by
lending agencies.
6/ Reports on maritime activities were not received by the United States
Treasury Department during the period from March 31, 1947, through
March 31, 1953. Reorganization Plan No. 21, effective May 2^, 1950,
abolished the United States Maritime Commioeion and transferred its
functions into the Department of Commerce,
2/ Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no losne were
reported prior to December 31, 1955. Beginning with thet date,
certain mortgage notes are classified as mortgage loans.
8/ Established in the Department of State by Executive Order No, 10610,
dated May 9, 1955, and effective at the close of business June 30,
1955, as successor to the Foreign Operations Administration.
Deta
for earlier periods are for predecessor agencies,
2/ On September 29, 1953, pursuant to the act approved July 30, 1953
(l5 U.S.C. 609), the Reconstruction Finsnce Corporation started
liquidation of its activities, except those carried on by the
Corporation pursuant to Section 409 of the Federal Civil Defense
Act of 1950 (50 App. U.S.C. 2261) end expansion of defense production
activities carried on pursuant to the Defense Production Act of 1950,
as amended (50 U.S.C. App, 2091-2094), which had been transferred to
the Secretary of the Treasury as of September 28, 1953, end as of the
close of business on September 28, 1953, respectively. Effective at
the close of business June 30, 1954, pursuant to Reorganization Plan
No. 2 of 1954, certain functions and related assets of the Corporation
were transferred to the Export-Import Bank of Washington, the Federal
Netional Mortgage Association, end the Small Business Administration.
On July 1, 1954, the remaining activities of the Corporation were
transferred to the Secretory of the Treasury to complete their
liquidation, pursuant to the act of July 30, 1953, as amended June 29,
The Corporation was abolished effective at the close of
1954.
business June 30, 1957, by Reorganization Flan No. 1 of 1957, and
the remaining functions of the Corporation were transferred to the
Housing and Home Finance Administrator, Administrator of General
Services, Administrator of the Small Business Administration, and the
Secretary of the Treasury.
10/ Totals include loans of Home Owners' Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December 31,
^
iX/
it
4/
is/
16/
3.7/
1950.
11/ Beginning 1956 notes receivable which had previously been classified
as loans are classified as other assets end are not included in this
^8/
table.
\2/ Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures Include also: beginning December 31, 1950 loans for
*
commumiy facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation), and urban renewal loans
euthorlzed by the Housing Act of 1949. as amended (42 U.S.C. 1452
(a)); beginning December 31, 1951, college housing loans authorized
by the Housing Act of 1950, as amended (12 D.S.C, 1749); beginning
December 31, 1954, loans held by the revolving fund established
pursuant to the set approved June 24, 1954 (68 Stat, 295J for liquidation of not only Alaska housing, community facilities service, and
prefabricated housing loans already included but also loans under
the Farm Security Administretion program, the public war housing
program, and the veterans' re-ueo housing program, all three of
which previously were handled by the Public Housing Administration;
as of December 31, 1955, public works planning loans authorized by
the Housing Act of 1954 approved August 2, 1954 (40 U,S.C. 462);
beginning December 31, 1956, public facility loans authorized by the
Housing Amendments of 1955 approved August 11, 1955 (42 U.S.C. 1491);
and from December 31, 1956 through September 30, 1957, community
disposal operations loans authorized by the Atomic Energy Community
Act of 1955 approved August 4, 1955 (42 n.S,C. 23OI note) and
Executive Order No. 10657 of February 14, 1956.
The Federal National Mortgage Association Charter Act approved August
2, 1954 (12 U.S.C. 1716), authorized the Association to carry on three
functlona consisting of management and liquidating functions, secondary market operations, end special assistance functions. Its activities under these three functions began on November 1, 1954.
*J-1 figures in this column include the loans of the United States
Housing Act program. Also included are the homes conversion program
as of June 30, 1950, the Farm Security Administration and public war
housing programs from June 30, 1950, through June 30, 1954, and the
veterans' re-use housing program from June 30, 1953 through June 30,
1954 (see footnote 12).
Consists of the Farmers' Home Administration loan programs, the disester loens, etc., revolving fund, the farm tenant mortgage insurance
fund, and the State rural rehflbilltation funds beginning June 30, 1956,
Prior to June 30, 1956, the farm tenant mortgage insurance fund was
included in the statement of financial condition of the loan programo,
Consists of the loan to the United Kingdom and other miscellaneous
loens. Federal civil defense loans beginning December 31, 1953, and
the loans of the Reconstruction Finance Corporation liquidation fund
beginning September 30, 1957 (see footnote 9).
The major portion of the loans are held by the Inland Waterways Corporetion; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund beginning March 31, 1957, and Indian loans; Department of the Army guarenteed loana (World War II) through March 31, 1958; the development loan fund beginning June 30, 1958; and agencies reporting loans
pursuant to the Defenae Production Act of 1950, as amended (50 U.S.C,
App. 2091), which consist of the Departments of the krmy beginning
June 30, 1951, Navy beginning December 31, 1951, and Air Force beginning June 30, 1956.
Beginning 1956 mortgage notes and sales contracts which had prevlouBly
been classified as loens are elasalfled as other assets and are not
included in this table.
Less than $50,000,
,
:
Treasury Bulletin
102
.CUMULATIVE TABLE OF CONTEyrS.
May 1958 through April 1959
Issue and page number
1959
1958
May
June
July
Aug.
Sept.
9
10
9
10
Oct.
Nov.
Dec
Reporting bases
Artlclesi
Treasury financing operations
Susuaary of Federal fiscal operations
Budget receipts and expenditures:
Receipts by principal sources
Expenditures by agencies,,
Sunmary of appropriations and authoriiations
and balances , by agenc ies
Expend itures and balances by functions
,
expenditures,
Trust accoujit and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and depoeit fiuid account expenditures
Net Investment by Government agencies In public debt securities.
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Survivors Insurance Trust Fund
Unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by Issues (latest date December 31, 1958)
8
.
8
9
10
11
12
9
10
11
13
U
U
12
12
15
9
10
9
10
9
9
10
10
11
12
13
14
11
12
13
U
U
U
15
15
9
10
Cash income and outgo:
Sujamary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits In Treasurer's account
Derivation of Federal payments to the public, and reconciliation
15
15
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactiona through Treasurer's account...
16
17
17
11
11
12
13
13
12
12
13
13
13
13
U
13
U
U
U
U
U
15
20
21
16
17
17
18
22
18
19
18
20
19
19
20
20
21
15
15
14
15
15
17
17
13
13
13
17
17
13
13
U
14
U
U
15
15
15
15
16
16
22
23
18
19
18
22
19
23
24
25
24
20
20
21
20
20
21
24
24
25
21
25
26
22
21
22
25
26
23
23
27
22
23
24
24
28
24
25
27
28
25
27
29
25
27
18
19
19
20
18
19
19
14
15
15
16
Account of the Trees'jTer of the United States
Status of the account of the Treasurer of the United States.
Analysis of changes in tax and loan account balances
Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special Issues to U. S. Government investment accounts
Treasury holdings of securities issued by Government agencies.
23
22
23
24
Statutory debt limitation
19
18
19
18
24
25
2A
20
21
20
20
25
26
21
22
21
23
23
25
19
21
20
22
18
19
20
20
21
21
Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U. S. Government
Offerings of Treasury bills
Summary of new money financing through Treasury bills
Offerings of marketable issues of Treasury bonds, notes, and
certificates of indebtedness
Allotments by Investor classes on subscriptions for marketable
Issues of Treasury bonds, notes, and certificates of indebtedness.
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of indebtedness
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales anc redemptions by periods. Series E through K
Redemptions of matured and unmatured bonds
Saiei and redemptions by denominations. Series E and H combined....
Sales by States, Series E and H combined.,
26
28
29
22
24
25
23
28
28
30
24
26
24
25
26
26
30
31
27
27
31
29
31
33
29
30
26
27
32
28
28
29
31
35
31
33
29
30
35
31
31
35
32
34
38
34
35
31
32
37
33
33
37
34
36
38
38
39
il
42
34
34
35
37
35
35
36
38
40
40
41
36
36
37
39
36
36
37
39
40
37
37
38
40
39
39
40
42
43
U
45
(Continued on follwing page)
40
41
43
U
43
43
36
36
39
39
39
39
40
42
U
40
46
47
48
42
:
April 1959
103
.CUMULATIVE TABLE OF COMTENTS.
May 1958 through April 1959
-
(Continued)
Issue and page nimber
1958
May
June
July
Aug.
1959
Sept.
Oct.
Nov.
Dec
Feb.
Mar.
Ownership of Federal securities:
Distribution by classes of investors and types of Issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
39
46
40
40
39
40
46
47
40
41
40
49
4A
38
39
41
/,6
45
40
41
48
42
43
43
41
43
49
43
41
42
43
44
49
50
43
44
43
45
51
45
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1958)
Market quotations
End-of -month closing quotations on Treasury securities by issues..
Chart - Yields of Treasury securities
46
49
51
44
46
45
47
47
48
48
49
49
46
48
51
47
49
49
53
49
54
55
50
51
52
56
57
52
55
57
53
53
58
59
56
57
54
55
60
61
53
59
51
55
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....
52
53
55
56
50
Internal revenue collections;
Summary by principal sources
Chart - Internal revenue collections by principal sources.
Detail of excise tax collections
54
55
49
57
58
50
51
53
60
54
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
December 31, 1958)
Exchange Stabilization Fund (latest date September 30, 1958);
Balance sheet
Income and expense
56
57
57
58
59
53
59
54
54
55
56
60
60
61
62
59
62
60
63
61
64
59
60
60
61
58
59
59
60
61
62
56
57
57
58
59
56
57
57
58
59
62
62
63
63
63
63
64
65
64
65
65
66
67
62
63
National bank reports:
Earnings, expenses, and dividends for calendar years 1953-57
57
Capital movements between the United States and foreign countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchaeee and sales of long-term securities by foreigners,
latest month
,
Short-terra liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
62
65
69
70
58
61
65
66
67
56
59
63
65
68
72
63
57
66
70
60
64
64
67
71
64
73
71
65
72
66
67
74
65
66
74
'68
69
60
68
63
63
67
67
71
75
76
60
68
69
69
70
70
74
75
77
66
69
73
74
75
'76
77
78
79
71
Corporations and certain other business-type activit ies;
Statements of financial condition flatest date December 31, 1958).
Income and expense (latest date June 30, 1958)
Source and application of funds (latest date June 30, 1958)
73
72
91
92
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