Full text of Treasury Bulletin : April 1960
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^O^n^
LIBRARY
ROOM 5025
MOV 211960
LfBRARY
JUN
1 3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, D.q
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
mEASUMY.
EUILILETm
ROOM
•ir.,5
"PR 26
I960
nPRIL-IBBD
UNITED STRTES TREflSURV DEPARTMENT
OFFICE DP THE BECRETBRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Gk)vernment Printing Office, Washington 25, D. C.
Subscription per year $b.00 domestic, tl .50 foreign.
Single copy price varies
April i960
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
g
Cash Income and outgo
12
Account of the Treasurer of the United States.
iS
Debt outstanding
20
Statutory debt limitation
2h
Public debt operations
25
United States savings bonds
^2
Ownership of Federal securities
46
Treasury survey of ownership of Federal
securities
4S
Market quotations on Treasury securities
52
Average yields of long-term bonds
55
Internal revenue collections
57
Monetary statistics
59
Capital movements
63
Corporations and certain other business-type
activities - statements of financial
condition
ylf
Cumulative table of contents
I05
Note: Vfhere calculations have been made from unrounded figures,
the details may not check to the totals shown.
Treasury Bulletin
II
Reporting Baees
"Treasury Bulletin" are based largely on two Treasury financial
reports,
the
"Dally Statement of the United States Treasury" and
the "Monthly Statement of Receipts and Cxpendlturee of the
United States Oovernoient. " Certain monetary etatletlcB are based
at least In part on the "Circulation Statement of United States
Money."
Where these etate-nents are given
dividual tables, they are cited by name only.
reporting bases are described below.
as
sources for inTheir respective
For other data in the
Bulletin, information on sources or reporting bases is given In
conneotlon with the tables themselveB.
II
The dally statement on the new basis was first issued for
Data on receipts, expendlture«, and debt which appear In the
February 17,
195^*.
In the deposits and withdrawals aa shown,
cleared through the account of the Treasurer of the United States.
TotELl
withdrawals are on the basis of checks paid or cash dis-
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks Issued and are adjusted by means of
Except for
clearing accounts to the total of checks paid.
relatively minor amounts, noncash interfund and other intra-
govemmental transactions are excluded.
The monthly statement of receipts and expenditures was first
no
distinction Is made as to the type of accounts (budget, trust,
etc. ).
The deposits are on the basis of certificates of deposit
The public debt figures
In the dally statement also are on a "clearance" basis,
with the
published for Febiniary I95U, and replaced the dally statement as
exception of those issuance and retirement transactions reported
the primary source of information on budget results and other
on the basis of telegrams from Federal Reserve Banks.
receipt
debt transactions are included, however.
and expenditure data classified by type of account.
At the sane time,
Noncash
the dally statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
The daily statement before February I7, I95U, covered not
Treasurer of the United States.
Both publications have provided
comparative figures on their respective bases from the beginning
only transactions cleared through the Treasurer's account but
also certain Oovernment agency transactions which were handled
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 Intragovenmental transactions. It provided information
similar to that in the present dally statement with respeot to the
of the fiscal year 195?.
The announcement of February I7,
status of the Treasurer's account,
The monthly statement shows all receipts and expenditures
of the Govenvoent,
including those made from cash accounts held
outside the United States Treasury. The Information is compiled
ana similar to that in the
dally statement with respect to debt
Receipts and
expenditures, however, were classified by type of account, and
present
end-of-month
issuance, retirement,
and amount outstanding.
from reports by the Treasurer of the United States and by all
the budget results shown in the daily statenent were used as the
other collecting and disbursing agencies, including those agencies
which maintain checking accounts in commercial banks. 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
basis for reflecting the results under the President'e budget
program as enacted by the Congress.
monthly statement to changes in the balance
in the Treasurer's
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts were on the baale of deposits as they cleared the
Treaflurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive baees.
facilities of the Treasury Departirent'
Receipts of taxes and customs duties are reported on
Other receipts are reported partially on
collections basis.
a
a
Through 19U6 they
were on the basis of checks paid by the Treasurer of the United
States.
Beginning with 19M^7, expenditures mads through the
6
Division of Disbursement
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Department of Defense and Its predecessor
collections basis and partially on a deposits basis. Expenditures,
organizations, were on the basis of checks paid.
except Interest on the public debt, are reported on the basis of
oheoks Issued or cash payments made by disbursing officers.
Transactions of an Interfund or intragoverninental nature are
included on the same basis even though the actual Issuance of
oheck6 may not be involved.
Interest on the public debt is included on an accrual basis beginning with figures for June 1955
and the fiscal year I955. Prior to that. It was included on a
handled through commercial bank accounts, consisting of market
transactions in public debt and guaranteed securities, were as
reported by the agencies.
Interest on the public debt was In-
due and payable basis.
The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Stateinent of Receipts. Expenditures and
Balances of the United States Oovernment" and for actual receipts
and expenditures in the "Budget of the United Statea CJovermient.
Transactions
cluded on a due and payable basis beginning with November
and on a checks-paid basis prior to that time.
191+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 1960
Treasury Financing Operations
April Financing
A caBh offering to borrow $2-1/2 billion, or
thereaboute, was announced by the Treasury Depart-
i960,
not less than 70 percent by May 15, i960,
and payments must have been completed by June I5,
i960.
All payments made subsequent to April
5,
ment on March Jl, to cover Its estimated requirements for the balance of the fiscal year i960. The
offering consisted of two securities, as follows;
k~l/k% Treasury bonds of 1975-S5 to be
dated April 5i 19^0, and to mature
May 15, 19S5, callable at the option
of the United States on any Interest
date on and after May 15, 1975.
The
amount of the bonds offered for public
subscription was up to $1,500 million,
or thereabouts;
H% Treasury notes of Series E-1962 to be
dated April iH-, I96O, and to mature
The amount of the notes
May 15, 1962.
offered for public subscription was
$2,000 million, or thereabouts.
In addition to the amount offered for public
subscription,
the Secretary of the Treasury reserved
the right to allot up to $100 million each of the
bonds and notes to Government investment accounts.
The announcement stated also that to the extent
i960,
were required to be accompanied by accrued
Interest from that date, at the rate of $0.12 per
$1,000 per day.
Investors classified as savings-type for the
allotments were as follows:
Pension and retirement funds, public and
private
Endowment funds
Common trust funds under regulation F of
the Board of Governors of the Federal
Reserve System
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 subdivisions or
Instrumentalities thereof, and
public funds
would be used to reduce the amounts of weekly Issues
Where subscribers In this group (except States,
political subdivisions or Instrumentalities thereof,
and public pension and retirement and other public
funds) elected to pay for such bonds In Installments,
of gi-iiay Treasury bills In the weeks ahead.
delivery of
that the amount of the public subscriptions to the
bonds, when added to the amount of the notes Issued,
exceeded $2-1/2 billion In the aggregate, the excess
At the same time It was announced that the
Treasury would Issue on April 15, i960, $2 billion,
or thereabouts, of 1-year Treasury bills, the proceeds of which would be used to redeem $2 billion
of quarterly Treasury bills maturing on that date.
The subscription books for the bonds and notes
were open only on April h and April 5. The Treasury
bills were sold at auction on April 12.
Any commercial bank qualified as a depositary
was permitted to make payment for the new bonds
allotted to Itself and Its customers by credit In
Its Treasury tax and loan account up to the amount
for which It was qualified In excess of existing
deposits.
For the new notes payment by credit In
the bank's Treasury tax and loan account was limited
to 75 percent of the amount of notes allotted to
Itself and Its customers.
5 percent of the total par amount allotted will be withheld until payment for the total
amount allotted has been completed.
Subscriptions for the bonds from commercial
banks for their own account were received without deposit but were restricted In each case to an amount
not exceeding
kpercent of the combined amount of
time certificates of deposit (but only those Issued
In the names of Individuals, and of corporations,
associations, and other organizations not operated
for profit), and of savings deposits, or 10 percent
of the combined capital, surplus and undivided profits of the subscribing bank, whichever was greater.
Subscriptions from States, political subdivisions or
Instrumentalities thereof, and public pension and
retirement and other public funds also were received
without deposit. Subscriptions for the notes from
commercial banks were restricted to an amount not
exceeding 50 percent of the combined capital,
Allotments on subscriptions to the bonds totaled
about $U70 million.
Including
JjlOO
million allotted
surplus
and undivided profits of the subscribing bank. From
all others payment of 20 percent of the amount of
to Government Investment accounts.
Subscriptions
received from savings-type Investors totaled $186
the bonds applied for, and a payment of 2 percent
of the amount of the notes applied for, not subject
million; from commercial banks for their own account,
to withdrawal until after allotment,
$S7 million; and from all others $96 million.
All
subsorlotlons to the bonds were allotted In full.
Savings-type Investors were permitted to defer
payment for part of the bonds allotted. Not less
than ko percent must have been paid by April IM-,
were required.
Allotments on subscriptions to the notes totaled $2,211 million. Including $27 million allotted to
Government Investment accounts.
Subscriptions In
excess of $100,000 were allotted 30 percent, those
for $100,000 or less were allotted In full, and
Treasury Bulletin
Treasury Financing Operations
Commercial banks sutailtted subscrip-
tions for their ovm account totaling IJ.t^SJ million.
All other subscriptions totaled $1,686 million.
Commercial banks and other lenders were requested to refrain from making unsecured loans, or loans
collateralized In whole or In part by the bonds or
notes subscribed for, to cover the deposits required
to be paid when subscriptions were entered,
and
banks were required to make the usual certification
(Continued)
The new notes are dated and bear interest from
those for more than $100,000 were allotted not lesB
than $100,000.
-
April
14-,
i960.
Interest at the rate cf k percent
per annuam is payable on a semiannual basis on
November 15, i960, and thereafter on May 15 and
and November I5 in each year until the principal
amount becomes payable. The notes mature May 15,
1962, and will not be subject to call for redemption prior to maturity.
Bearer notes, with interest
coupons attached, and notes registered as to prin-
cipal and interest were Issued in denominations of
$5,000, $10,000, $100,000, $1,000,000,
$100,000,000, and $500,000,000.
to that effect.
$1,000,
All subscribers to the bonds and notes were
required to agree not to purchase or to sell, or to
Weekly Bills Refunded
to make any agreements with respect to the purchase
Issues of regular weekly Treasury bills during
March totaled $7.8 billion, the equivalent of the
or sale or other disposition of the securities sub-
scribed for under this offering, until after mid-
13-week and 26-week bills maturing.
five 26-week Issues to $2.0 billion.
The new bonds are dated and bear Interest from
April
5,
i960.
The five issues
of 13-week bills amounted to t^.S billion and the
night, April 5.
Interest at the rate of k-l/k per-
cent per annum is payable on a semiannual basis on
The new 13-week
issues for March 3 and March 3I were for $1.1 billion
each,
and the other three Issues were for $1.2
November I5, I96O, and thereafter on May I5 and
billion each. The five new 26-week issues were for
$0.h billion each. Average rates of discount on the
November I5 In each year until the principal amount
new bills follow:
becomes payable.
The bonds will mature May I5, I9S5,
but may be redeemed at the option of the United
States on and after Hay I5, 1975, In whole or in
part, at par and accrued Interest on any Interest
day or days, on four months' notice of redemption
given by the Secretary of the Treasury.
Interest
on bonds call ed for redemption will cease from the
date of redemption designated In any such notice.
Bearer bonds, with interest coupons attached, and
bonds registered as to principal and Interest were
issued In denominations of S5OO, |1, 000, $5,000,
$100,000, and tl, 000, 000.
$10,000,
13-week
April 1960
SUMMARY OF FIDERAL FISCAL OPHIATIONS
(In millions of dollars)
elpts and expenditures
Net
receipts
1/
Expenditures
2/
deficit
(-)
2/
Net of
trust
account
and other
transactions
41,488
37,696
36,495
47,568
61,391
33,069
39,507
39,617
44,058
65,408
8,419
-1,811
64,825
64,655
60,390
68,165
71,029
74,274
67,772
64,570
66,540
69,433
-9,U9
69,117
68,270
71,936
80,697
-2,819
-12,427
78,600
84,000
78,383
79,816
40,864
37, 5U
37,306
52,979
64,840
35,623
41,106
37,728
56,337
70,682
5,241
-3,592
-422
-3,358
-5,842
63,841
61,171
63,358
70,994
72,284
72,997
64,854
66,129
67,216
71,692
-9,157
-3,683
-2,771
3,779
592
68,694
73,282
75,782
80,322
-7,088
-7,040
-691
4,786
6,299
9,501
6,011
5,528
5,749
-1,225
771
3,753
3,496
4,925
10,785
6,122
5,846
6,621
-2,626
-920
4,164
2,946
4,838
7,208
6,613
6,198
6,633
-3,667
-1,361
-376
575
-200
2,769
4,962
6,180
7,144
6,237
7,080
-4,376
-1,274
-900
-84
352
-37
4,528
6,576
8,426
6,776
6,331
6,461
-2,248
-81
279
4,258
5,425
10,154
6,427
6,164
8,631
Levels, end of period
Clearing
account,
etc.
V
(-)
-3 ,122
3,510
-4,017
Debt outstanding
public
debt,
679
U7
-3,117
-4,180
1,626
1,596
633
-329
-5,994
478
4,587
-2,135
3,883
1,624
-1 ,462
2,047
6,966
5,189
3,115
-1,623
-2,224
-2,299
2,096
-551
5,816
8,363
4,159
-4,399
1,839
-388
-206
-4,500
-41
101
739
-259
-106
-319
-209
-34
376
267
1,092
-4,100
4,331
-423
2,711
1,111
471
-U7
62
1,770
7,973
7,777
3,582
2,019
-4,141
-1,730
-1,488
603
-635
-117
179
6,%9
252,292
252,770
257,357
255,222
259,105
252,366
252,798
257,377
255,251
259,151
4,670
6,766
6,216
6,546
5,590
266,071
271,260
274,374
272,751
270,527
266,123
271,341
274,418
272,825
270,634
9,749
5,350
276,343
284,706
276,444
284,817
5,350
5,350
284,500
280,000
284 ,616
4,208
4,679
4,232
4,295
6,064
252,800
257,130
256,708
259,419
267,391
252,854
257,160
256,731
259,461
4,577
5,180
4,545
4,427
4,606
275 ,168
275,244
278,784
280,822
276,731
4,961
5,583
282,922
290,798
283,031
290,925
4,932
3,470
5,517
7,357
280,107
267,U5
278,750
280,769
276,628
274,898
275 ,002
109
-237
8,025
7,875
-65
533
338
-344
257
-343
124
-2,055
-1,101
888
1,682
3,505
4,394
6,076
274,555
274,679
272,624
274,656
274,782
272,728
617
-169
-682
2,433
595
691
412
-357
3,619
6,487
6,130
9,749
275,057
275,653
276,343
275,151
275,749
276,444
290
-877
3,009
-1,810
-4,630
1,249
-1,269
5,119
6,368
5,099
275 ,466
278,476
276,666
102
108
118
350
65
-489
3,546
2,848
-138
-565
1,991
-1,564
4,534
6,525
4,961
280,211
283,060
282,922
112
107
109
283 ,167
283 ,031
408
-470
462
2,879
-697
-3,069
957
-644
-836
5,918
5,274
4,438
285 ,801
285 ,104
1,965
106
112
119
285,907
285,216
282,153
-2,169
-739
1,524
4U
3,319
-1,597
1,531
-81
-538
5,969
5,888
5,350
285,353
286,303
284,706
285 ,460
-365
-354
288,792
290,506
288,412
245
3,246
5,679
8,486
6,557
6,305
6,357
-3,311
-626
2,129
3,023
5,897
7,582
6,868
6,598
6,844
-3,846
-701
738
6,199
6,170
-1,290
1,095
23
84
-207
496
950
282,034
275 ,568
278,584
276,784
280,323
286,410
284,817
112
-608
396
3,976
1,714
-2;i00
486
781
399
5,837
6,617
7,017
288,682
290,396
288,296
455
-538
-L48
2,957
-664
209
-641
-1,408
6,376
4,968
5,583
291,253
290,589
290,798
118
124
127
291,372
290,713
290,925
4,862
291,085
290,583
130
135
291,215
290,719
Source: 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,
see page II); estimates are from the 1961 Budget document, released
January 18, 1960, including effects of proposed legislation. More
detailed Information with respect to the figures on this page will
be found in succeeding tables.
i/ Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget expenditures.
2/ Consists of transactions of trust and deposit funds. Investment by
Government agsnolas In public debt securities, and redemption or sale
of obligations of Government agencies In the market; excess of receipts, or expenditures (-). For detail of content, see page 8.
615
-722
450
4/
^
5,311
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 1949
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 1954. Net Increase,
(-).
dec
For current month detail and list of acts, see section on "Statutoiy
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, 1946;
$281 billion, on August 28, 1954; *278 billion, on July 1, 1956;
275 billion, on July 1, 1957; »280 billion, on February 26, 1958;
»288 billion, on September 2, 1958; and »290 billion.on June 30, 1959.
From July 1, 1959, to June 30, I960, the limit is »295 billion. Thereafter it will revert to $285 billion.
. .,
.
.
Treasury Bulletin
.BUKJET KECEIPTS AND EXPEMDITUEES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Income taxes
Corporation
2/
1952
For old-age
and disability insurance
Withheld
withheld
2/
2/1/
2/k/
32,826
1956
10,747
10,396
11,322
,521
,351
,635
,254
,012
1,347
21,523
18,265
21,299
4,363
3,906
9,915
i,633
3,569
4,086
4,537
5,340
6,337
1957
1958
1959
a, 531
20,533
18,092
12,302
11,528
11,733
,728
,041
,001
3,560
9,102
3,826
6,634
7,733
8,004
,
1953
1954
1955
33 ,012
,
,
1960 (Est.)...
1961 (Est.)..,
1959-July
August .
.
Septembei
October.
November.
December.
1960- January.
February.
3,000
12,600
13,200
24,300
1,239
4,223
2,264
362
2,U4 10/
483
884
1960 to date.
Total
employ-
tire ment
4,562
4,983
5,425
6,220
7,296
259
620
277
285
603
600
634
330
336
324
616
6,069
I
Taxes not
Excise
taxes
2/
2/
7,581
8,644
8,854
1,378
10,638 2/
i,ai
10, 8U
1,353
10,760
11,057
12,667
1,500
1,650
11,811
12,557
971
106
104
278
965
527
476
298 10/
1,243
9 8/
9,ai
1,027
1,007
3,568
6,201
classified
10,004
2,171
5,913
othervrise
9,726
10,825
10,014
945
936
1,171
4,7U
7,ai
1,959
4,849
1,211
4,345
2,371
860 10/
4,835
Estate
and gift
taxes 2/
taxes 7/
5/
10,092
11,665
568
368
3,311
491
405
3,180
564
For rail-
977
936
1,031
794
954
a, 346
7,697
Deductions from budget receipts
Mlscellaneous
receipts
7/
FOASI
Trust
Fund
n/
1952
Refunds of receipts 15/
Transfers of tax receipts to
Total
budget
Federal Disability Insurance
Trust Fund
12/
Railroad
Retiremen
Account
Highway
Trust
Fund
12/
U/
1953
1954
1955
1956
1,814
1,865
2,311
2,559
3,006
67,999
72,649
73,173
69,454
78,820
3,569
4,086
4,537
5,040 16/
6,337
1957
1958
1959
2,749
3,196
3,158
83,675
83,974
83,904
6,301
6,870
7,158
1,479
2,116
97,286
104,912
3,936
7,418
9,552
1960 (Est.)..
1961 (Est.)..
1,200
1,400
1959-July....
August.
237
172
Septembe:
October.
November
December
666
1960-January.
February
1960 to date.
746
3,626
7,152
8,350
528
5,425
9,289
2,542
54,749
738
620
603
599
634
3,095
3,345
3,400
3,653
2,302
3,118
3,377
3,426
3,684
2,171
3,894
4,413
4,907
3,917
4,433
4,933
9,164
10,693
2,627
2,950
5,308
5,611
5,335
5,637
279
1,112
192
237
165
167
181
161
2,275
179
129
429
267 12/
1,132
4,836
31 10/
218
264
408
520
Source: Actual figureo for 1952 are from the daily 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 1961 Budget document, released
January 18, 1960, and supporting data. Including effects of proposed legislation.
1/ For further detail, see tables under "Internal Revenue Collections."
2/ Breakdown was not made in the daily Treasury statement and the
monthly statement for years prior to 1954.
1/ Beginning January 1951, the distribution of receipts between individual
income taxes and old-age and disability insurance taxes is made in
accordance with provisions of Sec. 201 of the Social Security Act,
as amended (42 n.S.C. 401), for transfer to the Federal Old-Age
and Survivors Insurance Trust Fund (see footnote 11 ) , and after
December 1956 also for transfer to the Federal Disability Insurance
Trust Fund (see footnote 12)
1,763
-17 12/
430
1,122
II
1,134
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 a.S.C. 3101-3125), and, beginning with
the taxable year 1951, tax on self-employed individuals under the
Self -Employment Contributions Act, as amended (26 U.S.C. U01-H03).
The Social Security Act Amendments of 1956, approved August 1, 1956,
increased the rates of tax applicable *to wages paid and taxable years
beginning after December 31, 1956, to provide for disability insurance (see footnote 12).
%J Taxes on carriers and their engiloyees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of h or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C- 3301-3308); with respect to services performed
before January 1, 1956, the tax was imposed on employers of 8 or more
Remaining footnotes on following page.
ij
April i960
.
BUIGET RECEIPTS AND EXPENDITURES
Footnotes to Table
7/
8/
2/
ip/
11/
XZ/
Through 1953 , contributions to the Railroad nnemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the 1961 Budget document, Special
Analysis G, includes them in employment taxes in 1952. Beginning
195A the contributions are credited direct to the trust account.
For amounts of the contributions included in budget receipts, see
"Treasury Bulletin" for February 195i., page 7,
In the 1961 Budget document, Special Analysis G, taxes not otherwise
classified are included in miscellaneous receipts,
Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote U).
Figures shown include (see footnote 11) decreases in income tax of
$98 million withheld and %U million not withheld and increases in
transfers of $90 million to Federal Old-Age and Survivors Insurance
Trust Fund and $11 million to Federal Disability Insurance Trust Fond.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insiirance (42 U,S,C. 401 (a)). Beginning
Janueiry 1951, the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pxirsuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(42 U.S.C. 401 (a)), and are adjusted in later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is reimbursed to the general fund by the trust fund,
The Federal Disability Insxirance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
The act appropriated to the trust fund amounts
(42 U.S,C, 401 (b)).
equivedent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amotmts appropriated shoxild be transferred from
-
1
Footnotes 1 through 3 follow Table 2 on page 4.
i/ The 1959 figures in the Bulletin differ from those in the 1961
Budget document because of a reclassification in the latter by
which military assistance luider the Mutual Security program in the
amount of $2,340 million is shifted from "Funds appropriated to
the President" to "Defense Department, military functions," and
$8 million is shifted from "State Department" to "Funds appropriated
to the President," Monthly figures in the bulletin are on the same
classification basis as 1959 fiscal year figures.
5/ Totals incliide allowance for contingences of $75 million for I960
and $200 million for 1961.
6/ Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
tine to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Tirust Fund. Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956,
Excludes the Government's contribution for creditable military
service (45 U,S,C. 2280-1 (n)). Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes
iinder the Railroad Retirement Tax Act deposited in the Treasury,
less refunds, during each fiscal year (65 Stat. 222 and 66 Stat.
371), and transfers are made currently,
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S,C,
173) established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures after
The act appropriated to this
June 30, 1956, and before July 1, 1972.
fund amounts equivalent to specified percentages of receipts from
certain excise taxes on motor fuels, motor vehicles, tires and tubes,
and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis
of estimates by the Secretary of the Treasury with proper adjustments
to be made in subsequent transfers. The use tax was imposed by the
Previous to the
act and rates were increased for the other taxes.
fiscal year 1957 corresponding excise tax receipts were included in
net budget receipts, and Federal-aid highway expenditures were included in budget expenditures.
Interest on refunds is included in expenditures in Table 2.
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 11).
Net of reimbursement of $89 million from the Federal Old-Age and
Sunrivors Insurance and Federal Disability Insurance trust funds.
less then $500,000.
13/
yj
15/
16/
17/
*
Footnotes to Table 2
-
7/
8/
_2/
10/
»
(Continued)
(Continued)
Beginning 1955, consists of net expenditxirea of the Postal Fund,
reflecting the change in classification of Poet Office transactions
to a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
Includes $1,375 million additional subscription to the International
Monetary Fund in June 1959 pursuant to Public Law 86-48, approved
June 17, 1959. Of the total, $344 million were paid in gold (see
"Monetary Statistics," Table 3) and the remaining $1,031 million
were paid in special notes of the United States (see "Debt Outstanding," Table l).
Less than $500,000.
..
.
.
Treasury Bulletin
.BUICET RECEIPTS AND EXPERDITUEES
Table 2.- Expenditures by Agencies
(In millions of dollars)
Executive
Office
of the
President
1953
195i
1955
1956
74,274
67,772
64,570
66,540
1957
1958
1959
69,433 2/
71,936
80,697
1960 (Est.)...
1961 (Est.)...
1959-July
August ...
1/
y
September.
October.
November..
December..
196D-January. .
Febniaiy
5,782
5,282
4,381
4,473
6,905
6,473 i/
6,791
6,982
4,115
4,081
4,109 a/
7,707 2/
8,305
9,315
1,748
78,383 i/
79,816
,
General
Services
Administration
Funds
appropriated
to the
President
385
-615
129
570
425
359
6,8U
516
760
728
6,199
6,170
738
778
1,063
1,000
1,077
1,293
562 2/
645
382
5,006
4,875
7,091
199
1,152
5,706
6,201
690
758
732
246
Commerce
Department
3,217
2,915
4,636
5,177
9,492
10,181
1,8U
6,557
6,305
6,357
6,868
6,598
Agriculture
Department
531
376
435
716
562
568
134
148
-59
500
51,900 6/
Treaaury Department
Defense Department
Welfare
Department
1953
1954
1955
1956
43,611
40,336
35,532
35,791
1957
1958
1959
38,439
39,062
41,233 4/
3,092
1960 (Eat.)...,
1961 (Est.)...,
42,745
42,745
3,417
3,517
1959^July
August....
September.
3,402
3,386
3,433
October...
November..
December.
3,577
3,319
3,853
813
605
548
Justice
Depart-
Labor
Department
Post
Office
Department 7/
659
312
1,920
1,981
1,993
2,071
2,295
2,645
572
666
751
418
567
1,016
518
674
774
State
Depart-
368 1/
879
748
7,2U
179
206
272
2/
6,504
6,382
6,370
6,787
156
136
142
V
765
7,607
7,593
2,178 12/
9,300
9,500
732
3U
826
779
285
27,499
Columbia
public
debt 8/
718
1960- January..
February.
1960 to date.
Interior
Department
569
2,246
492
166
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II)j estimates are from the 1961 B\adget document, released
January 18, I960, including effects of proposed legislation.
Note : Figures in this table are for agencies as constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
Agency shifts are
by functions on a consistent basis, see Table 4.
roflected in this table as follows: Beginning 1955, Federal Home Loan
Bank Board from "Housing and Home Finance Agency" to "Independent offices,"
and Reconstruction Finance Corporation as indicated in footnote 1; beginning 1957, Alaska Road Construction from "Interior Department" to
"CojmDerce Department," and Federal Intermediate credit banks and production
credit corporations as indicated in footnote 3; beginning 1958, Federal
Facilities Corporation (remaining functions) from "Treasuiy Department"
to "General Services Administration," and Informational Media Guaranty Fund
from "Funds appropriated to the President" to "Independent offices"|
beginning 1959, Federal Civil Defence Administration from "Independent
offices" to "Executive Office of the President"; and the former Civil
Aeronautics Administration and the Civil Aeronautics Board from "Commerce
Department" to "Independent offices."
1/ Reconstruction Finance Corporation is included under "Independent offices"
318
198
6,051
57
487
27
through 1954, and under "Treasury Department" beginning 1955, except
functions transferred to Export-Import Bank, Federal National Mortgage Association, General Services Administration, and Small
Business Administration. The corporation was abolished at the close
of June 30, 1957, by Reorganization Plan No. 1 of 1957, and Its
remaining functions were transferred to the Housing and Home Finance
Administrator, Administrator of General Services, Administrator of
Small Business Administration, and Secretary of the Treasury.
Beginning 1957, Federal aid for highways Is excluded from budget
expenditures and included In trust account expenditures (see
Table 1).
Effective January 1, 1957, the production credit corporations were
merged In the Federal intermediate credit banks, pursuant to the
Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027),
and operations of the merged agencies (as mixed-ownership corporaa) were classified
s trust enterprise funds (see "Trust Account
and Other Transactions," Table 3); previously the operations of the
banks and the corporatlo ns, respectively, were classified as public
enterprise funds and were included net in budget expenditures.
Remaining footnotes on page 3.
:
April I960
.
BinXJET RECEIPTS AND EXPENDITURES
.
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of February 29, 1960
Cin millions of dollars; negative flguiBB axe deductions in the columns in which they appear)
Additions, fiscal year I960 to date
Unexpended
balances
brought
forward
July 1, 1959
Authorizations
to expend from
debt receipts
Appri
1/2/
A/
Legislative Branch
The Judiciazy
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Consnerce Department
Defense Department
Military functions
Civil functions
Undistributed foreign transactions
Healthy Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
....,
State Department
Treasury Department
District of Columbia - Federal contribution ani loans.
Unclassified expenditure transfers
31,635
345
Total
71,646
,
,
W
,
3,35
9,598
278
240
4,456
902
8,977
3,605
,
Uh
,
,
,
115
48
63
5,3i7
489
,
129
48
12,U5
,
other
authorizations
63
3,35
899
16
274
260
10,513
278
774
4,956
906
40,591
932
,
1,097
372
,
,
3,022
3,oa
732
266
735
266
,
,
6,078
,
523
53
604
230
10,471
62
604
30
10,471
62
,
,
1,681
76,373
Deductions, fiscal
year 1960 to date
cancellations,
and other
adjustments 1/
78,325
Unexpended bala
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
February 29, 1960
Unfunded
contract
authori-
Investments
held
8/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department;
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
Total
20
70
2,116
5,699
620
2,246
44,721
688
-1
1,871
251
549
4,0U
492
166
361
318
198
6,594
27
-1
325
9,920
6,461
3,308
144
468
1,406
812
1,790
1,280
533
la
350
578
104
3,978
82
5,964
22/
51,900
Source: Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amoimts is
obligated for outstanding purchase orders and contracts for
equipment and supplies, for payrolls, and for similar items.
1/ Includes reappropriations.
4/ Consists of authorizations by law for Government- owned enterprises
to borrow (l) from the Treasury (to expend from public debt receipts),
or (2) from the public fto expend from debt receipts).
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.
^
6,U2
6,670
459
362
1,168
658
68,707
25,988
Consists of transfers between appropriations; net borrowings from,
or repayments to (-) , the Treasury and the public under authority
to expend from 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, cancellations, or adjustments of borrowing
authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises.
Represents difference between monthly statement figures (based on
preliminary reports) and final accounts of disbursing officers,
less than $500,000.
;
;
.
;
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1960 through February
Puncticm
code
nuiDber
Major national security;
Militaiy defense
Development and control of atomic energy
Stockpiling and defense production expansion
Militazy assistance
061
066
067
Total major national security
^
Total international affairs and finance
39,062
2,268
625
2,187
41,233
2,541
312
2,340
27,506
1,710
157
954
43,270
44, U2
46,426
30,326
173
U9
237
3,403
139
699
168
3,104
574
177
3,275
1,910
2,181
,
'
'
38,439
1,990
490
2,352
120
1,613
111
,
Veterans' services and benefits;
Veterans education and training 2/
Other veterans readjustment benefits /^
Veterans"* congjensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
,
664
150
767
2,681
2,798
105
788
176
,
,
services and benefits
'
35,791
1,651
40,626
International affairs and finance
Conduct of foreign affairs
Economic and technical developinsnt
Foreign information and exchange activities
Total veterans
35,532
1,857
944
2,292
123
126
2,870
329
2,234
43
629
116
856
156
4,756
labor and welfare
labor and monpower
Public assistance
Promotion of public health
Promotion of education
Promotion of science, research, libraries, and museums 6/
Correctional and penal institutions
Other welfare services and administration^
328
1,428
275
325
^
53
28
475
1,457
351
281
56
31
400
1,558
469
292
458
1,797
546
319
71
32
72
34
8U
1,969
169
270
1,381
542
309
132
30
178
Total labor and welfare
Agricultxire and agricultural resources;
Stabilisation of farm prices and farm income 2/
Financing farm ownership and operation 8/
Financing rural electrification and telephones
Conservation and development of agricultural land and
water resources 2/
Research, and other agricultural services 2/
236
204
Total agriculture and agricultural
3,900
231
217
3,430
227
2/
4,867
4,525
2/
3,151
239
297
5,126
250
315
Natural resources;
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water resotlrcea
development of forest resources
development of mineral resources
developnBnt of fish and wildlife
of natural resources
surveys and administration
401
i02
403
404
405
409
803
139
38
45
U
1,669
Total natural resources
Commerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology......
FoBtsl service
Cummunity development and facllitiea
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of cotmoerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
512
513
5U
515
516
517
349
647
179
Total general government
Footnotes at end of table.
365
420
40 10/
783
180
372
234
318
219
76
518
49
74
356
56
518
519
520
521
Total commerce and housing
General government
legislative functions
Judicial functions
Executive direction and management
Federal financial management
General property and records management
Central personnel management and employment coats lA/. .
Civilian weather services
Protection services and alien control
Territoriea and possessions, and District of Columbia...
Other general govemtoent
1,165
2,306
1,455 IQ/
601
602
603
604
605
606
607
608
609
610
475
164
334
476
194
627
38
187
UO
1.199
1.630
1.790
1.359
(Continued on following page)
358
218
502
239
431
164
115
UO
1.606
April I960
•
Table 4.
BUDGET RECEIPTS AND EXPEND nURES.
Expend Itures and Balances by Functions
(Fiscal years; in milllona of dollars)
(Continued)
...
Treasury Bulletin
TRUST ACCOUNT AHD OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollara)
Net receipts y or
expenditures (-) y
from trust account
and other transactions
Trust and deposit fund accounts
1952
1953
i35
1954
1955
1956
328
1957
1958
1959
195
633
,
or investment
(-), by Government
agencies in public debt
securities
3,855
3,760
2,386
991 1/
2,250
-329
-3,636
8,807
8,929
9,155
9,536
11,685
4,952
5,169
6,769
14,369
16,329
17,084
12,959
16,068
18,595
-2,300
-197
1,112
-3 ,301
-2,054
-1,362 1/
-2,617
8,545 1/
9,435
1960 (Est.)
1961 (Est.)....
-813
1,269
20,696
22,547
21,510
21,278
-369
-1,954
1959-July
August . *
September,
-960
916
-A99
1,214
2,444
1,236
2,174
1,528
1,735
671
-666
317
-207
496
-877
507
-183
-274
1,009
2,004
1,474
1,886
1,496
1,748
-1,146
716
828
2,329
1,974
1,613
.
October. .
November.
December.
1960-January.
February.
.
Net sale, or redemption
(- ) , of securities of
Government agencies in the
market
Net sale
Net receipts, or
expenditures (-)
602 1/
2/
173
3
56
102
764
-160
enterprises are included in deposit fund account expenditures
(net) and exclxided from net investment by Government agenciee
in public debt securities (see Table 4) 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 4).
Source: Actual figures for 1952 are from the daily 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 1961 Budget document released
January 18, I960, including effects of proposed legislation.
1/ Under a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
1952
8,807
8,929
9,155
9,536
11,685 i/
3,932
4,516
5,080
5,586
1957
1958
1959
U,369
7,159
7,900
8,182
1960 (Est.)
1961 (Est.)
1953
1954
1955.
1956
16,329
17,084
7,003
20,696
22,547
10,178
1959-July
August....
September.
1,2U
2,4U
1,36
301
1,267
609
October. ..
November.
December.
1,009
2,004
1,474
264
908
642
828
2,329
1,257
1960-Januajy. .
February.
Federal
Disability
Insurance
Trust Fund 1/
11,7a
1,063
1,098
291
Source; See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See "Budget Receipts and Expenditures," Table 1, footnote 14.
2/ Includes District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; Indian tribal funds;
Increment resulting from reduction in the weight of the gold
Railrosd
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
2/
597
401
457
850
742
737
700
739
1,643
1,594
1,492
1,425
1,728
590
649
912
961
691
708
1,025
723
695
758
1,912
1,855
1,997
608
640
634
1,397
1,458
1,741
1,482
2,134
2,185
1,308
1,059
2,300
2,284
660
683
1,707
1,770
2,628
2,950
302
U4
40
509
66
38
38
786
637
619
Other truat
accounts
2/
U9
467
V
681
638
585
192
238
201
131
116
151
343
218
264
dollar; and the Railroad Unemployment Insurance Administration
Fund for the period 1954 through November 1958 (see Table 7 for
treatment thereafter, and "Budget Receipts and Expenditures,"
Table 1, footnote 7, for treatment prior to 1954).
Does not inclivie donation of public debt securities amounting to
$45,800 (par value); see also Table 4.
April i960
TRUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(in millions of dollars; negative figures are excess of credits)
Treasury Bulletin
.
TRUST ACCOUNT AMD OTHER TEAMSACTIONS
.
.
.
April i960
11
-TRUST ACCOUHT AMD OTHER TRANSACTIOHS
Table 5.
Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Securities not guaranteed by the United States
Public eaterprise funds
Total
guaranteed
Commodity
Credit
Corporation
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Total not
guaranteed
Total
public
and trust
enterprise
funds
Public enterprise funds
Federal
Intermediate
evxUt
banks 2J
1952
1953
32
1954
1955
1956
33
-602 2/
-173
1957
1958
1959
-639 2/
-UA
-1,085
-639
-Ui
-1,052
-573
-61
-567
-71
1960 (Est.)...
1961 (Est.)...
-915 A/
-915
i/
1959-July
August . .
September
October.
November.
December.
-56
-102
1960-January.
February.
Securities not guaranteed by the United States - (Continued)
Trust enterprise funds
Federal
Federal
National
Mortgage
Association 3/
Home
Owners'
Loan
Corporation
Treasury Bulletin
12
.CASE INCOME AHD OUTGO.
appearing In the
The cash Inoooie and outgo data
"Treasury Bulletin," beginning with
Iseue, are on a basis oonsletent with
payments to the public as derived In
the February 195^
receipts froD and
the 1957 and sub-
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
through
sales of their own securities.
sequent Budgets of the United States, Special Analysis A.
enterprises
Reconciliation to cash deposits and withdrawals In the
It excludes changee In the public debt which do not rep-
the Treasurer of the United States Is shown on
The net
effect of all these traneaotlons with the public Is
reflected In changes In the balance In the Treaourer's
account and In cash held outside the Treasury.
account
of.
the same baels 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
resent dlreot cash borrowing from the public.
accordance with the Budget classifications are made avail-
Cash transactions through the Treasurer's account are
Figures for back years have been
able month by month.
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 somewhat from those published In earlier Budget
series, but are limited In coverage to transactions which
affect the balance In that account. On the other hand,
they Include receipts from the exercise of monetary
documents as well as In the Bulletin.
authority, which are excluded from receipts from the public
In the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Oovernment as a whole, and therefore
Includes transactions not cleared through the Treasurer's
Receipts and payments Include transactions both
account.
In budget accounts and In trust and deposit fund accounts.
Operations of Oovemment-sponoored enterprises are Included
Inpayments on a net baels as reflected In Treasury reports.
Major Intragovemmental transactions which are reported ae
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are aleo eliminated
from expenditures but are added later when actual payments
are made.
Receipts from the exercise of monetary authority
(moetly seigniorage on silver)
are
excluded
as
not
Beginning with figures for the fiscal year 1953, the
series of transactions with the public Is based on the
"Monthly Statement of Receipts and Expenditures of the
United States Government," which Is compiled from reports
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account. Cash deposits and withdrawals In the Treasurer's
account, beginning with the figures for the eame year, are
reported In dally Treasury statements.
For those years
prior to 1957 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
statements which reported separate claself Icat Ions for
trust account transactions, etc.
budget results,
.
,
April i960
13
.CASH INCOME AKD OUTGO.
Table 1.- Summary of Federal GoverraM;
it
Cash Transact Ions with the Public
(In millions of dollara)
Federal receipts from
the public
Federal payments to the
public
Excess of
receipts, o
payments {-
Plus: Net cash
borrowing from
the public , or
repayinent
-505
2,919
2,512
(-)
Plus : Receipts from
monetaiy
authority
Equals:
Change in cash bala
Treasurer's accotint
balance, increase,
or decrease (-)
Cash held outside
Treasury, increase,
or decrease (-)
68,013
71,499
71,627
67,836
77,088
67,964
76,773
71,860
70,538
72,617
49
-5,274
-232
-2,702
4,471
1,809
-4,366
-2,299
2,096
-551
331
82,107
81,893
81,660
80,008
94,804
2,099
-1,520
-13,144
-3,100
5,760
8,678
-956
4,159
-4,399
1960 (Est.)
1961 test.)...,
94,796
102,178
95,338
96,257
-542
4U
5,9a
-5,969
1959-July
August
September.
3,973
7,903
9,488
8,171
8,498
7,709
-4,198
-594
1,779
4,606
1,339
-1,457
486
781
399
October. .
November.
December.,
3,678
7,579
7,894
8,228
7,795
-4,a6
3,656
-763
-641
-1,408
615
-10
1960- January . .
February*,
5,461
9,231
6,767
-1,306
1,156
554
-722
-26
-7U
450
1952
1953
195A
1955
1956
1957
1958
1959
,
,
8,163
55,476
83,a3
8,075
-649
368
-7,661
Source: Actual figures for 1952 are based on the daily Treasury
statement and thereafter they are baaed in part also on the
monthly statement of receipts and expenditures of the Goremment
(for explanation of reporting bases, see page II)j estimates are
from the 1961 Budget document, released January 18, 1960, including effects of proposed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In
Fiscal year
or month
millions of dollars)
.
:
Treasury Bulletin
l»^
.
CASH INCOME AND OUTGO
.
Table 3.- Derivation of Federal Government Etecelpts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In mlllioDS of dollars)
Deductions from receipts
Receipts
Excess
Intragi
profits
mental
tax refund
transactiona bond re(See Table 5) demptions
1/
Budget
(net)
Equals!
Federal
receipts
from the
public
monetary
authority
3/
Haceipta
from exercise
of monetaxy
authority 2/
Plus:
Adjustinfint for
net difference
due to reporting method (ae*
also Table 4)
Equals
Cash
deposits
In the
Treasurer']
account
1952
1953
1954
1955
1956
61,391
64,825
64,655
60,390
68,165
8,807
8,929
9,155
9,536
11,685
70,198
73,754
73,811
69,926
79,851
2,116
2,199
2,110
2,061
2,739
2,185
2,255
2,183
2,090
2,763
68,013
71,499
71,627
67,836
77,088
1957
1958
1959
71,029
69,117
68,270
U,369
3,242
16,329
17,084
85,397
85,446
85,355
3,493
3,650
3,290
3,553
3,694
82,107
81,893
ai,66o
81,875
82,094
81,612
1960 (Est.)
1961 (Est.)
78,600
84,000
20,696
22,547
99,296
106,547
4,460
4,321
4,500
4,369
94,796
102,178
94,836
102,226
3,246
5,679
8,486
1,2U
2,4U
4,460
8,124
9,722
487
1,236
3,973
7,903
9,488
3,023
5,897
7,582
1,009
2,004
1,474
4,032
7,901
9,057
348
316
4,909
7,265
828
2,329
5,737
9,595
272
1959-July
Au^st
September.
-
October
November....
December....
1960-January
February.
. .
Source: See Table 1.
preceding sections
Treated as noncash
and as cash refund
i/
220
234
359
Details of basic receipt figures appear In
in the Bulletin,
refund deductions from receipts when issued
deductions when redeemed.
2/
»
68
-ao
lU
-107
-32
-519
293
68,081
71,345
71,815
67,758
77,079
3,455
8,199
9,563
3,4U
354
321
894
3,678
7,579
8,163
118
7,600
8,286
277
364
5,461
9,231
-68
-327
5,397
8,909
Consists of seigniorage and the increment resulting from reduction
in the weight of the gold dollarj excluded from receipts from the
public but included in cash deposits in the Treasurer's account.
Less than $500,000.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
April
mo
15
.CASH INCOME AND OUTGO,
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In milllona of dollars)
....
,
.
:
16
Treasury Bulletin
CASE INCQME 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
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency obligations held by the public
Plus : Net sale of obligations
of Government enterprises in
the market
Public debt
Public and
trust enter
prise funds
1952
1953
195i
1955
1956
3,883
6,966
5,189
3,115
-1,623
1957
1958
1959
-2,22A
5,816
8,363
1960 (Est.)...
1961 (Est.)...
-206
-4,500
1959-July
August..
September
-2,100
October.
November.
December.
2,957
-664
209
1960-January.
February.
287
-501
lass; Net investment In Federal
securities by Government agencies
Public
Governmentsponsored
enterprises
funds
3,355
3,068
1,686 i/
1,236
2,516 2/
269
872
Governmentsponsored
enterprises
enterprise
-77
126
101
446 1/
171
549
2,262
1,085.
-167
1,222
567
71
1,769
258
240
646
-329
165
-92
-82
208
3,976
1,7U
56
117
185
102
-52
-61
-290
for noncash and other transactio
savings
bonds and
Treasury
bills 2/
1952
-
1953
,
1954
1955
1956
,
1957
1958
1959
,
,
,
758
718
524
497
456
Equals
Net cash
borrowing
from the
public, or
repayment
of public debt securities representing expenditures, or refunds of receipts i/
Net
acoHied
interest
Adjusted
service
bonds
5/
bonds
^
Notea to
International
Monetary
Fund
^
profits
(-)
refund
bonds 6/
28
109
156
175
-674
-450
1,361
1960 (Est.)...,
1961 (Est.)...,
680
722
618
6U
623
-292
-200
2,160
-3 ,100
5 ,760'
8,678
124
4,606
1,339
-1,457
October. .,
November.
December.
3,656
-763
-84
156
1960-January.
February
See Table 1
549
506
646
623
.
:
Treasurer's
account 7/
-505
2,919
2,512
1,809
-4,366
1959-July
August..
September
Source
Transactio
not
reflected
Footnotes on following page.
.
April i960
17
CASH INCGME AND OUTGO
Footnotes to Table 4
Net operating expenditures, or receipts (-), ae meaeured by fmde
provided by or applied to net aecurlty transactions reflected In
Treasury reports (see Table 7). To a large extent, these GoTemmentaponeored enterprises secure funds for their operations by direct
borrowing from the public or by cashing Federal securities which
they hold, and they apply the net incwne received Frcaa operations
to repayment o£ borrowing from the public or to Investment In Federal
securities. On that basis, net expenditures for operations are
this table In terms of the combined net of disinvestment In
shown
Federal securities and sale of agency obligations In the market.
2/
3/
t/
and net receipts fl-oia 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 195U
See Table 7, footnote 1.
Does not Include revolving fund receipts representing acquired
securities anouatlng to $1,6U3,070 (per value).
m
Footnotes to Table 5
Columbia employees (see footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of payments to en^loyeea' retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans' life Insurance funds.
Judicial Survivors Annuity Fund, trust fund for technical services
end other assistance under the agricultural conservation program, and
District of Colunbla; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Service retirement fund for its share of contributions, and beginning with 1958
also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Sirrvivors Insurance Trust Fund;
transfers from Civil Service retirement fund to Foreign Service
rstirement fund from 1955 through 1957; and transfers from Railroad Unemployment Insurance Administration Fund to Dnemplc^^mont
Trust Fund through 1955.
Leas than $500,000.
Federal intermediate credit bank franchise tax through December 19^6
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and 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 as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former a«i 1959 for the latter; reimbursement by
Highway Trust Fund for refunds of taxes; reimbursement by the District
of Columbia; payn^nt of dividends. Interest, etc., by Federal National
Mortgage Association's secondary market operations; and Federal
Intermediate credit bank franchise tax end repayment of capital
stock to the Treasury after December 1956 and before January 1959.
Conelste of payment of earnings and repayment of capital stock to
the Treasury for 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, and by Federal intermediate credit
banks beginning January 1959'
Includes relatively small amounts of deductions from salaries paid
Beginning with
by trust funds and Govemment-eponsored enterprises.
fiscal year 1958 excludes deductions from salaries of District of
Footnotes to Table 6
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
PubUc debt interest due and accrued beginning June 30, 1955, effect!
date of the change In accounting and reporting from a due and payable
basis to an accrual basis; for 195-i, 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 sjqiendltures at the tims of their redenption;
net issuance, or redemption (-).
Issued in 1936 in exchange for adjusted service certificates held by
veterans of World War I. The bonds matiired in 194.5.
^
6/
2/
8/
Issued in 19^7 in payment for accumulated leave. The last of these
bonds matured in 1951Part of the United States subscription to the capital of the International Monetary Fund was paid ii the form of nonlnterest-bearing
nonnegotiable notes payable on demand (see 19i7 Annual Report of
the Secretary of the Treasury, pages 48, 350, and 385).
Checks outstanding leas deposits In transit, and changes in other
accounts; net increase, or decrease (-). Prior to 1954 includes
also public debt interest due and unpaid (see footnote 2).
Includes $1,031 million notes issued as part of the additional United
States subscription authorized by Public law 86-4.8, approved June 17,
*
lass than $500,000.
1959.
Footnotes to Table 7
In this table, beginning 1954, in accordance with treatment in Budget
documents, net investment in United States seciirities by Governmentsponsored enterprises includes a small amoiint by other enterprises
regarded as representing net transactions with the public.
In Table 4
under "Trust Account and Other Transactions," these amounts are included in trust and deposit fund account investment.
Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
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.
i/
Treated as noncash transactions at the time of Issuance and as cash
5/
transactions at the time of redemption; net issuance, or redemption (-).
Exclxided from borrowing because the transactions are treated as expenditures in Table 6.
2/
Excluded from borrowing becausB the transactions are treated as deductions from receipts in Table 3.
Market transactions in public debt securities and agency obligations.
•
leas than $500,000,
6/
Treasury Bulletin
le
.ACCOUNT OF THE IREASTIRHl OF THE UNITBD STATES.
Source and Availability of the Balance in the Treasurer's Account
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 theae accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
The account of the Treaeurer of the United States
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.
customers.
As the balances In these accounts become de-
commercial banks throughout the country.
The tax and loan account system permits the Treasury
to leave funds In banks and in the comaunltles In which
they arise until such time as the Treasury needs the funds
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
for Its operations.
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
they are restored by calling In
pleted,
(
transfeiTlng)
funds from the tax and loan accounts with thousands of
applicable to all banks whereby customers of banks deposit
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 ajS-SSl*.
with them tax payments and funds for the purchase of
Oovernment securities. In most cases the transaction
Involves merely the transfer of money from a customer's
Table 1.- Status of the Account of the Treasurer of the United States
18
(In millions of dollars)
Treasury operating balance
Available
fund a in
Federal
Reserve
Banks
1952
,
1953
1954
1955
1956
,
,
1957
1958
1959
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1,009
984
497
380
522
5,106
3,071
4,836
4,365
4,633
498
4,082
333
132
875
as
ao
8,
535
3,7U
1958-Dec.
Silver,
Total
coin, and
operating currency
balance
Unclassified
collections,
Uabilitiee
Banks in
process of
collection
In other
depositaries
1/
of n. S.
438
7,481
5,096
7,243
6,362
6,712
190
259
306
440
365
429
6,037
9,990
5,451
297
289
279
406
392
424
5,930
6,709
7,103
380
378
371
6,482
5,081
5,696
431
411
4,969
493
501
6,448
4,187
6,207
5,239
5,656
194
161
191
187
159
489
401
101
5,069
9,030
4,380
4,992
5,875
6,159
5,587
4,243
4,825
355
210
274
343
421
450
463
520
500
account of
Treasurer
HZ
166
6,969
4,670
b,lbb
6,216
6,546
1X1
240
100
5,590
9,749
5,350
426
476
U6
2/
4,961
3,468
195 9 -July
Aug.
Sept
522
537
704
4,364
5,227
5,353
106
110
102
Oct.
Nov.
Dsc.
488
582
504
4,990
3,559
4,216
109
102
106
1960-Jan.
Feb.
567
453
3,246
3,843
3,915
4,397
Source: Daily Treasury stBtement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, uncollected items,
exchanges, etc., beginning December 1954; prior to that time included
also Post Office Departmant and Postmasters' disbursing accounts (see
footnote 2).
Zl Beginning December 1954, Post Office Department and Postmasters'
171
137
165
5,406
5,837
6,617
7,017
106
113
113
6,376
4,968
5,583
4,862
5,311
disbursing accounts are no longer treated as liability accounts
of the Treasurer of the United States, but are claSBified and
treated in the sajM manner as other disbursing accounts, in
accordance with the change in method of reporting Post Office
transactions (see "Budget Receipts and Expenditures," Table 2).
An adjustment of - t207 million in the balance in the Treasurer':
account (and in the "clearing account") reflects this change.
.
.
April i960
19
.ACCOUNT OF THE TREASURER OP THE UNITED STATES.
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Proceeds from sales of securities i/
1952
1956
2,226
2,667
3,457
4,424
3,810
1957
1958
1959
2,976
2,824
2,668
1953
1954
1955
4,679
2,231
2,333
287
Axiguat
September.
October. .,
November.
December..
Februaiy
3,058
4,374
3,808
4,170
4,559
2,891
1,716
3,464
3,126
5,801
4,S16
5,765
5,382
5,454
45,
7,903
5,919
36,493
41,267
41,644
42,074
39,U0
US
55,QU
3,468
2,746
1,3U
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
obligations purchased by them for their own account, or for the
accoxint of their customers who enter subscriptions through them,
when this method of payment is permitted under the terras 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
2,384
2,773
5,a2
6,4a
4,152
4,364
5,227
3,665
3,057
1,285
4,5U
3,952
4,388
1,072
3,463
3,067
63
1,109
5,396
3,660
6,322
5,759
5,091
5,665
4,990
3,559
4,216
3,384
4,235
4,354
3,638
3,246
3,843
1,059
3,932
4,857
6,078
8,869
8,055
26,709
27,881
29,190
.
4,486
4,179
4,276
4,082
8,218
3,744
6,568
13,513
13,164
I960-Januar>'...
2,467
2,916
2,885
46,000
50,908
62,994
5,043
2,922
7,581
2,135
2,987
3,246
3,638
58,520
13,270
10,227
4,791
2,967
4,611
1,921
813
1,078
912
5,409
8,776
7,493
7,299
13,579
15,859
19,898
20,538
23,897
202
176
172
3,255
4,212
3,870
3,991
3,373
5,106
3,071
4,836
4,365
4,633
4,304
8,167
786
5,041
1,425
950
1,649
1,910
1,103
37,066
43,303
39,879
42,545
38,871
2,451
5,243
6,861
5,977
6,035
1958-necember.
1959-July
End of
period
Income (by
special
arrangement) 2/
Tax
anticipation
securlti
36
5,353
5,663
3,843
March 194Bj taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning Jxily 1953.
Under a special procedure begiin 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 heavy tax payments.
Treasury Bulletin
.
Table
1.
DEBT OOTSTANDDJG
,
Summary of Federal Securities
(In millions of dollars)
April I960
21
.DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
.
,.
.
Treasury Bulletin
HEHT
OUrSTiUSPIIG.
Table 5.- Special Issues to United States Government Investment Accounts
(in
Federal
Deposit
Insurance
Corporation
1952
1954
1955
37,739
40,538
42,229
43,250
1956.
45, lU
846
892
835
673
1957,
1958,
1959,
46,827
46,246
44,756
718
673
629
1953
1958-Dec6mber.
.
44,061
October,
November,
December,
43,596
43,582
1960-January,
February
U,73
44,400
0,506
42,630
42,835
Federal
Disability
and
Survivors
millions of dollars)
Federal
Savings
and Loan
Insurance
Corpora-
National
Government
Federal
Highway Service
employees' Ufe
Trust
Ufe
retirement Insurance
Fund
Fund
funds
Trust Fund
U,047
44,840
1959-July
August . .
Septembei
Federal
Old-Age
325
996
1,533
15,532
17,054
18,239
19,467
61
84
94
103
165
165
19,463
18,610
17,227
103
112
116
5,014
5,602
5,854
6,168
6,667
1,300
1,299
1,234
7,394
7,738
8,608
1,200
1,144
1,127
1,257
621
628
628
1,556
1,625
1,668
165
165
165
16,547
16,849
16,678
120
122
124
616
622
629
1,647
1,667
1,715
165
165
165
16,096
15,892
15,864
165
165
15,223
15,247
122
122
122
122
122
663
1,233
1,217
404
822
429
Postal Railroad UnemploySavings Retire- ment
Syst.
Trust
Fund
1/
Other
2/
April i960
23
.DEBT OITTSTAHDHC.
Table 0.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In
mUlions
of dollarB)
:
:
-
:
2k
Treasury Bulletin
.STATUTORy DEBT LIMITATION
The Second Liberty Bond Act
(
3I U.3.C,
757 b),
as
amended by an act approved June 30, 1959, provides that
the face amount of obligations Issued under authority of
that act,
and the face amount of obligations guaranteed
as to prlnclpea and Interest by the United States (except
authorized as followa: $6 billion beginning on August 2S,
195^» ^^^ ending on June 3^1 195^ (acts ^proved August 28,
195^» and June 30, 1955); 53 billion beginning on July 1,
1956,
1956);
and ending on June 30,
1957 (act approved July 9,
1958, and
$5 billion beginning on February 26,
guaranteed obligations held by the Secretary of the Treas-
ending on June 30, 1959 (act approved February 26, I95S};
shall not exceed In the aggregate $2S5 billion out-
and $10 billion beginning on July 1, I959, and ending on
The corresponding limitation
June 30, i960 (act approved June 30, 1959). Obligations
Issued on a discount basis, and subject to redemption prior
uryj,
standing at any one time.
In effect imder the act of June 26,
19^6, was $275 billion
and that under the act of September 2,
billion.
In addition,
195S,
was
fi2S3
to maturity at the option of the owner, are Included In the
temporary Increases have been
statutory debt limitation at current redemption valuea.
Table 1.- Status under Limitation, February 2Q, 1960
(In millions of dollars)
amount of securities which may be outstanding at any one time under limitation inpoaed by the act
of June 30, 1959 (31 U.S.C, 757 b)
Maxiinuiii
295,000
Amount of securities outstanding sxxbject to such statutory debt limitation:
U. S. Government securities issued
under the Second liberty Bond Act, aa amended
Guaranteed securities (excluding those held by the Treasury)
290, 17A.
135
Total amount of securities outstanding subject to statutory debt limitation
290^309
A>^91
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding February 29, 1960
(In
milUons of dollars)
Subject to
statutory debt
limitation
Clflsa of security
Not subject to
statutory debt
limitation
Total
outstanding
Public debt:
Interest-bearing securities:
Iferke table
Treasxuy bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
U,l60
U,l60
15,2i5
i8,198
8i,731
15,2^5
48,198
84,731
50
i7,825
47,825
174
7,370
Total marketable.
Nonmarketabie
U, S. savings bonds (current redenption value)
Depositary bonds
Treasury bonds, iiivestment series
m
7,370
Total nonmarke table
Special issues to Goverrmient agencies and trust funds
Total interest-beariDg securities
Matured securities on which interest has ceased
Debt bearing no interest
United States savings atampe
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series..
Ifeited States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
2,127
191
161
Total debt bearing no interest
Total public debt
Guaranteed aecurities: 1/
Interest-bearing
Total guaranteed securities
Total public debt and guaranteed securities.
Source:
Daily Treasury statement.
1/
.
Excludes guaranteed aecurities held by the Treasiiry.
April I960
26
Treasury Bulletin
PUBLIC DEBT OPEEATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding February 29, 1960
Other Than Regular Weekly Treasury Bills - (Continued)
(In milliona of dollars)
April 1960
FDBLIC DEBT OIQUTIONS
Table 2.- Offerings of Treasury Bills
(Amounta in millions of dollara)
Treasury Bulletin
28
PDBLIC DEBT OPBRATIONS
Table 2.- Offerings of Treasury Bills - (Continued)
On competltl/e bido
On total bids
Average prlc
per bujidred
Price per hundred
Regular weekly bills:
f
1959- Deo.
3
Deo.
10
Deo.
17
Deo.
24
98.875
97.540
98.862
\ 97. 527
98.828
97.488
4.638
4.969
98.854
4.535
4.834
.97.556
'98.820
97.502
4.S69
4.940
Deo.
31
98.858
97.502
4.517
4.942
1960-Jan.
7
98.837
97.422
4.601
5.099
Jon.
y,
'98.840
,97.478
Jan.
Zl
Jan.
28
Feb.
4
Feb.
11
Feb.
18
Feb.
25 p
Mar.
3p
Mar.
lOp
Mar.
ITp
Mar.
24p
Mar.
31p
'98.879
97.641
97.671
99.099
,97.930
98.978
97.829
4.QU
98.946
4.169
4.396
97.778
Oct.
1960-Jan.
21
8 2/....
4.294
'98.919
97.746
'99.080
,97.966
Tax antlclpatlop bills
1959-July
8
Aug.
19 2/
4.436
4.666
'98.960
3.641
4.024
'99.128
98.170
99.294
:98.389
97.080
97.768
96.745
97.821
4.075
3.719
4.783
4.726
97.282
96.378
95.193
95.680
94.849
3.386
3.835
4.728
Other bills;
1959-Apr.
May
July
Dec.
1960-Jan.
1
U
15
2
15
Equivalent ni te 8/
Frlco per hundrod
Equivalent rate 8/
)
April I960
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(t}olltr
anousts In mllllosB
Dsacrlptlon of Issus
Nuib«r of
days to
naturltj
Amoimt
of bids
tondared
Anount
of blda
aooaptad
accaptad i/
(Bsrcent)
1953- JuOj
23
» 2,202
Aug.
Aug.
Aug.
6
20
27
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
Sept.
Sept.
Sept.
Sspt.
3
10
17
2i
1,782
2,290
2,207
1,985
1,500
1,400
1,501
1,500
2.416
2.323
2.228
1.954
Oct.
Oct.
Oct.
8
15
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
1
2.320
2,023
1,501
1.953
1955- Oct.
Oct.
Oct.
Oot.
2,119
2,258
2,390
2,403
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
Not.
Not.
Hot.
Rot.
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.875
Dec.
Deo.
Dec.
Dec.
Dec.
2,202
2,282
2,65*
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.961
2.122
May
May
May
>tay
Apr.
Apr.
Apr.
Apr.
2^28
2,317
2,624
1,700
3.283
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
2,769
2,830
1,800
1,802
2,348
2,416
1,700
1,700
3.U0
2^88
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
3.173
2,436
1,700
1.532
Deo.
Dec.
Dec.
2,S50
2,636
2,576
1,800
1,800
1,800
2.359
2.604
1959- Jan.
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2,814
2,857
1,802
1,801
2.649
2.774
Jan.
Jan.
Jan.
Jan.
(Mar.
2,407
June
1,073
\
2,5U
2.805
3.081
1,600
400
{Apr.
I July
1,601
400
2.739
3.017
2,479
755
1,600
2.690
2.920
2,178
734
1,600
401
4C0
2.678
2.959
(Apr.
I July
(Apr.
iJuly
Footnote
at end of table.
(Continued on following page)
2.806
3.034
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills - (Continued)
(DollAr amounta in mllllone)
Deecrlption of isaus
Anoust
of blda
tandarad
Number of
days to
natuxlty
1959-Har.
Mar.
5...
12 2/,
1959-rJuna
fjujia
2.766
3.093
19...,
26
Aug.
13...
ri959- Not.
liqtO-'Feb.
20...
fl959- Nov.
\1960- Fab.
27...
(1959- Not.
11960- Feb.
100
Isapt.
Source: See Table 7.
IrformBtlon In Table 3 cove
January 2, 1953, through Maroh 31, 1960.
EquiTal«nt. average rate on bank discount basis
^
Nau monay
Incraaae, o
dacreaaa (-
2.816
3.111
3.062
3.375
Mar.
Aug.
» 1,500
400
Avaraga rata
on blda
accaptad X/
fjuna
ISapt.
Mar.
Aug.
2,090
724
\Sapt.
Amount
of blda
accaptad
1,866
875
1,964
693
bill offerings
2/
100
199
1,200
400
3.417
3.782
199
1,200
400
3.824
4.152
204
Beginning March 12, 1959, the 13^eek billa ropresanl additic
of billa with an original rnaturlty of ;'6 waeka.
April 1960
PUBLD5 DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date
flxibflcrip-
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date BubBcrlptloB books
opened or
-
(Continued)
April 1960
33
PUBLIC DEBT OPERATIOIB
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date aubscrip-
>
Treasury Btilletin
3^^
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions in excess of |100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
more than $100,000 were allotted not leas than $100,000, In addition
to the amount allotted to the public, $100 million of the notes were
allotted to Government investment accounts,
2Z/ Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
2^/ In addition to the amounts issued in exchange, the Treaauiry allotted
$100 million of each issue to Government investment accounts.
2A/ Redeemable at the option of the holder on February 15, i960, on three
months' advance notice,
2^ 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 sdlotted in full, and subscriptions 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 investment accounts.
2^ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
less than $50,000,
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
Zl/ Subscriptions for $10,000 or less were allotted in full. Subscriptions 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 to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
28/ Subscriptions 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 subscribers but in no case
less than $10,000, In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
22/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000, In addition to the amo\mt allotted to the public,
$100 million of the bonds were allotted to Govermoent investment
accounts.
20/ Subscriptions for $25,000 or less were allotted in full. Subecriptions for more than $25,000 were allotted 2A percent but in no case
less than $25,000.
In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government inveatment
accounts.
il/ Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to gavinga-type investors, jVO percent to commercial banks for their own account, and
25 percent to all other Bubscribers, but in no case less then $5,000,
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts,
22/ Subscriptions for $100,000 or less were allotted in full, Subacriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000,
21/ Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
mini mum for each issue were allotted
percent on bills and 35 percent on notes but in no case leas than the minimum. In addition to
the amount allotted to the public, $100 million of the notes were
allotted to Government investment accounts,
yj Subscriptions for $100,000 or less were allotted in full, Subscrip-
-
21/
3^/
.
,
^
36/
37/
38/
25/
AO/
U./
42/
P
(Continued
tions for more than $100,000 were allotted il percent but In no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banka for
their own account totaled $^70 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
In full when accompanied by 100 percent payment at the time of entering the subscriptions.
All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition to tto amount 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 installments up to April 23,
1959 (not less than 25 percent by January 23, 1959, the Issue date;
50 percent by February 2i, 1959; 75 percent by March 23, 1959; and
full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000. In addition, $100 million of the notes were
allotted to Government investment accoiints.
Subscriptions from savings-type investors totaled $2^0 million and
were allotted 65 percent. Subscriptions from commercial banke for
their own account totaled $9^ 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 savingstype Inveatora and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
minlmnnfi were allotted not less than the minimims.
In addition,
$50 million of the bonds were allotted to Government investment
accounts.
Full-paid aubscriptions of $25,000 or leas, totaling $941 million,
were allotted in full. Subacrlptlona from savings-type investors
totaled $1,361 million and were allotted 4-5 percent. Subscriptions
from coimnercial banka for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,A33
million and were allotted 5 percent, but not less than $1,000 on
any one subscription. In addition to the amounts allotted to the
public, $100 niillion of the notes were allotted to Government
investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 19A.8, which mature in I960, were offered in exchange
the /tr-3/U% notes, with certain adjustments as of December 15, 1959,
at a price of 99-j/lS,
Smaller denominations of savings bonds
could be exchanged for the next higher multiple of $1,000 of notes
upon payment of any cash difference. Caeb payments amounted to
$3 million.
Issued aa a partial rollover of one-year bills maturing January
15, I960, in the amount of $2,006 million.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, I960 (not less than UO percent
by April H,, the delivery date; 70 percent by May 15; and full payment
by June 15). In addition to the amounts allotted to the public,
$100 million of the bonds were allotted to Government inveatment
accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
lesa than $100,000, In addition to the amounts allotted to the
public, $27.4 million of the notes were allotted to Government
investment accoimts.
Preliminary.
n.a.
Not available.
April i960
35
PUBLK DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^
(In millions of dollars)
Issue
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Allotmente by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills
(In ^lllioIlS of
issue
dollars)
i/ -
(Continued)
April I960
37
PUBLIC DEBT OPERATIOIB
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
38
PUBLIC DEBT OPERATIOMS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Galled or maturing security 1/
Results of exchange offers
Disposition offers
by Treasury
Amount
outstanding
Cash
Description of new
security offered
(See also Table 4)
Excfaange
security
offered
cash 2/
(In millions of dollars)
1-7/8* Certificate
1.720* Bill
i-7/8* Certificate
Bond
2*
Total
f8,lU
2/15/53-A
3/1/52
3/18/53
10/8/52
2,502
6/1/53 -B
6/15/53-55
7/1/52
10/7/40
4,963
725
;
4,963
725
5,688
6/19/53
11/21/52
2,003
8/15/53-0
8/15/52
2,882
Bond
9/15/51-53
9/15/43
7,986
2.383* Bill
9/18/53
6/3/53
800
800 2/
2-1/8* Note
12/1/53-A
10/1/52
10,542
500 i/
2-1/4* Certificate -
2/15/54-A
2/15/53
8,114
8,114
1-3/8* Note
3/15/54-A
12/15/49
2*
Bond
2-1/4* Bond
2-1/4* Bond
6/15/52-54
6/15/52-55
6/15/54-56
6/26/44
2/25/42
7/22/40
5,825
1,501
681
5,825
1,501
681
3/22/54-C
7/15/53
5,902
6/15/52-54
6/15/52-55
6/15/54-56
6/26/u
2/25/42
7/22/40
1,743
373
311
6/1/54-B
6/1/53
4,858
.726* Bill
6/18/54
4/27/54
1,001
1,001 2/
.956* Bill
6/24/54
3/22/54
1,501
1,501 2/
2-5/8* Certificate
B/15/54-D
8/15/53
2,788
2,788
2-5/8* Certificate
9/15/54-E
9/15/53
4,724
4,724
1.846* Bill
2*
Certificate
2*
2,003
2/
2,882
7,986
10,042
20,796
Jotal
2-1/2* Certificate
Bond
2-1/4* Bond
2-1/4* Bond
2*
Certificate
5,902 2/
7,285
7,512
1-7/8* Note
12/15/54-B
12/1/53
8,175
12/15/52-54
12/1/44
8,662
12/15/51-55
12/15/41
17,347
17,347
2/15/54
7,007
7,007
3/15/55-A
3/15/50
5,365
5,365
3/15/55-60
3/15/35
2,611
Total.
2/15/55-A
1-1/2* Note
2-7/8* Bond
1-5/8* Certiiicate
Certificate
3/22/55-C
8/2/54
1-1/8* Certificate
1-3/8* Certificate
5/17/55-B
6/22/55-F
5/17/54
4/1/55
1-1/8* Certificate -
8/15/55-D
8/15/54
1*
2,611
U,983
Total.
3,734
3,886
3,210
620
2,502 2/
14,9
3,734 2/
3,886
3,210 2/
8,477
4,410
448
April I960
39
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
D«t8 of
Treasury Bulletin
^^o
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
-
(Continued)
April i960
Jn
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
Treasury Bulletin
1^2
.DNITiE STATES SAVINGS BONDS.
Serlea E and H are the only saving* bonds now being
sold.
Series G has been on sale slnoe May
1,
19'^1,
and
Series K-V
1, 1952.
were sold from March 1, 1935, through April 30, 1941.
Series F and a were sold from May 1, 19*^1, throu^ April
Series H has been on sale slnoe June
30,
1952.
Series J and E were sold from May 1, 1932,
Details of the principal ohanges
30, 1937*
throu^ April
In Issues, Interest yields, maturities, and other savings
bonds terms appear In the Treasury Bulletins of May 1931,
May 1952, May 1957, and October 1959.
Table 1.- Salee and Redemptions by Series, Cumulative through February 29. 1960
(Dollar amoxints in ndlllons)
;
..
April
mo
.UirnED
STiffiES
SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
I
(Id nilllloDB of dollare)
Salee plus
accrued
discount
Salea 1/
Radsmptlons \/
Series E and H combined
Fiscal years I
1941-1952
1953
1954 i/
1955 6/
1956
1957
1958
1959
65,266
4,061
4,653
5,225
5,260
4,613
4,670
4,506
5,815
1,120
1,126
67,095
4,368
4,889
5,368
5,043
4,507
4,689
4,320
6,372
1,128
1,126
1,113
1,124
1,123
1,114
1,133
1,161
1,174
Calendar years:
1941-1952
1953
1954
1955
1956
1957
1958
1959
1,143
1,178
1,169
Months
1959-July
August. ...
September.
350
309
300
October. .
November.
December.
358
332
377
1960-Januaiy. .
February.
421
438
119
la
71,080
Salee
price A/ 1/
^
Amount outstanding
Accrued
discount
^
Treasury Bulletin
kk
.UNITH) STATES SAVIMGS BONDS
,
Table 3.- Sales and Redemptions by Periods, Series B through K
-
(Continued)
(In millions of dollars)
Bedemptlons 1/ 2/
Sales plus
accrued
discount
Sales 1/
Sales
price
V i/
Accrued
discount
Fiscal year;
1941-1952,
1953
1954
1955
1956
1957
1958
1959
71,050
4,821
5,114
5,218
5,333
5,052
5,049
4,862
36,175
4,032
4,319
4,490
4,622
4,981
4,951
4,889
34,752
3,532
6,372
1,128
1,126
73,285
5,034
38,143
5,U9
1,113
1,124
5,304
5,266
5,018
4,979
4,767
4,406
4,572
4,689
5,220
4,658
5,225
36,436
3,609
3,871
3,870
4,021
297
269
264
416
355
354
479
428
437
360
351
299
466
390
305
382
372
424
347
340
468
433
532
431
65,236
3,700
3,988
A, 095
4,219
3,919
3,889
3,688
5,815
1,120
1,126
66,913
3,906
4,023
4,192
4,U2
3,875
3,802
3,598
283
30
360
665
1,130
1,041
694
782
818
182
462
631
887
722
1,123
1,1X1
1,133
1,161
1,174
1,U3
1,178
1,169
360
4,U1
3,765
3,854
3,964
4,265
4,236
4,118
4,a9
4,017
4,271
363
284
422
332
1,43
500
554
636
658
716
715
771
1,657
531
535
702
668
772
641
955
^
Exchanges of
E bonds for
H bonds
!
April
.
.
mo
^
.urrnED states savings bonds.
Table 4.
Redemptions of Matured and Unmatured Savings Bonded
(In millions of dollars)
Unclassified
2/
Total 1/
Series E and H
Fiscal years:
6,137
5,109
5,621
6,515
7,251
7,846
8,958
1951
1952
1953
195i
1955
1956
1957
1958
1959
8,5U
7,249
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
779
90
633 10/
1,260 10/
2,115
2,345
4,258
3,304
1,824
1,625
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
518
4,9U
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
2,LU
2,955
2,715
2,775
2,785
3,b2
3,195
3,235
1,042
1,012
904
874
619
682
1,526
179
-84
116
185
1,5U
543
Calendar years:
1951
1952
1953
195i
1955
1956
1957
1958
1959
5,651
5,074
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
Months
1959-July
August
September
.
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
742
588
1,404
279
295
1,025
189
196
415
425
418
225
Source: Daily Treasury statement; Debt Analys
Staff
the Office of
the Secretary.
In these tables Series A-F and J sales are included at issue price
and redemptions and amounts outstanding at current redemption values.
Series G, H, K are included at face value throughout. Matured
bonds which have been redeemed are included in redemptions. Matured
F and G bonds outstanding are included in the interest-bearing debt
until all bonds of the annual series have matured, when they are
transferred to matured debt upon which Interest has ceased.
1/ Sales and redemption figures include exchanges of minor anounts of
(1) matured series E bonds for series G and K bonds from May 1951
through April 1957 and (2) series F and J bonds for series H bonds
beginning January 1960; however, they exclude exchanges of series E
bonds for series H bonds, which are reported in Table 3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
"Treasury Bulletin."
Includes both matured and unmatured bonds; see Table 4.
Includes total value of redemptions not yet classified between sales
price and accrued di'-'ount.
i/ A change in procedure, beginning in June 1954, for processing redeemed
savings bonds has resulted in a high level of redemptions not yet
classified by yearly series of issue. This increase temporarily
:
2,183
2,355
2,072
1,702
2,268
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,U5
397
412
404
I960- January.
Februaiy.
Note
47
990 10/
1,672
348
272
318
.
October.
November.
December.
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
U8
lU
8/
1/
377
437
300
115
283
U3
296
122
144
189
obscures the relationship between the redemption columns showing
sales price and accrued discount in Tables 2 and 3 and also the
relationship between the matured and unmatured sections of Table i.
The subsequent distribution of this high
{See also footnote i).
level of unclassified redemptions may be large enough in any month
to show redemptions of matured and unmatured bonds in Table i. which
are greater than the total redemptions for that month.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K in July 195i to compensate for the erroneous inclusion of
reissue transactions in June 195A as reported in the daily Treasury
statement. The amounts involved were as follows: $18 million for
issues of Series E and H and $17 million for issues of Series F, G,
J, and K; and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series
J and K sales were discontinued April 30, 1957.
Sales figures after
April 30, 1957, represent adjustments.
Includes the December 1959 exchanges of series 19A8 F and G bonds
for i-3/U% marketable notes of which $692 million were reported in
December 1959, $51 million in January I960, and $3 million in
February I960.
Represents changes in the amounts of redemptions not yet classified
as between matured and \uimatured issues.
Includes exchanges of Series 19iVl F and G savings bonds for Treasury
*
Less than $500,000.
3-l/A% bonds of 1978-83.
.
..
Treasury Bulletin
1^6
.OWNERSHIP OF FEDERAL SECURITIES-
Table
1.
Distribution of Federal Securities by Classes of Investors and TyjpeB of Issues
(In millions of dollars)
Interest-bearing securities gua^v
anteed by the U, S, Government J^J
Interest-bearing securities
by the U. S. Government
Total
Federal
securities outstanding
1/
Government
counts 2/
Held by U.
inveatment
Held by
U.
Public
marketable
Baulks
public
S.
Government
investment
accounts
Held by
private
investors
and
2/6/
Federal
Reserve
Banks 2/
debt
bearing
V
2,2U
74,437
72,511
72,762
69,723
66,351
37,739
40,538
42,229
43,250
45,114
22,906
24,746
25,037
23,607
23,758
189,623
191,640
194,533
197,598
192,655
115,185
119,129
53 ,470
6,596
7,021
7,111
7,286
8,356
55,501
55,842
54,554
8,674
9,596
9,799
46,827
46,246
44,756
23,035
25,438
189,949
274 ,698
281,833
193 ,418
201,235
127,179
134,593
26, OU
44,840
26,347
200,154
288,792
290,506
288,412
285,840
287,599
285 ,486
54,037
54,584
54,184
9,976
9,862
9,784
44,061
44,723
44,400
26,543
26,690
26,563
205,259
206,325
204,739
55,939
55,653
55,284
109
110
115
2,8U
291,372
290,713
290,925
288,478
287,742
287,704
53 ,491
53 ,698
9,895
10,117
10,098
43,596
43,582.
43,506
26,631
26,922
26,648
208,356
207,122
207,451
54,711
54,484
53,225
118
124
127
2,776
2,847
3,095
10,496
10,322
42,630
42,835
25,464
25,209
52,795
52,624
130
135
3,000
2,996
256,863
263,946
268,910
271,741
269,883
44,335
47,560
49,340
50,536
270,634
276,444
284,817
268,486
1959-July
August . .
September
October..
November.
December.
1952.
1953.
1954.
1955.
1956.
259,151
1957.
1958.
1959.
266,13
271, 3il
274,418
272,825
1958-Dec
1960-Januaiy.
February.
Held by private
investors 2/
53 ,604
53 ,125
53,157
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S, Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U, S. Government
agencies whose investments are handled outside the Treasury.
^
ia,771
127,875
126,304
1U,983
62,770
58,825
56,252
142,620
57,534
2,126
2,351
2,634
2,869
106
101
110
2,042
1,646
2,873
2,084
2,798
2,810
The total amount of interest-bearing securities held by private investor
is calculated by deducting from the total amount outstanding the amount
held by U. S. Government investment accounts and Federal Reserve Banks.
Excludes guaranteed securities held by the Treasury.
All public marketable issues.
All public marketable issues except for 1952, which Includes Jl million
of Commodity Credit Corporation demand obligations.
lass than $500,000.
/J
5/
6/
»
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In milllone of dollars; negative figures are net sales)
Apr
1940.,
19a..
1942.
1943..
July
May
Aug.
-4.4
-.2
1.0
-9.5
-2.8
-.5
-U.5
19U..
-9.9
1945..
-67.5
-90.3
-105.1
-48.1
-72.9
-11.5
-5.9
1946..
1947..
1948..
3.3
-61.3
-12.1
-35.2
-10.0
-34.4
-U5.8
20.5
-56.4
-67.8
-18.5
-17.0
.4
-69.8
-359.2
1.1
-157.8
-609.1
5.4
-338.6
-30.4
-54.7
-1.9
11.4
5.1
6.3
1949..
1950.,
1951..
-6.6
36.8
482.7
1952.
1953.
1954.
22.1
24.6
7.0
12.9
-22.4
19.9
36.2
-2.9
2.9
35.9
2.8
20.1
-45.5
1.4
7.9
-21.7
1955.
1956.
1957.
23.0
-1.3
18.9
10.7
13.4
29.9
46.7
35.4
56.2
5.7
313.4
22.5
398.8
15.8
74.8
49.2
182.4
1958.
1959.
1960.
-123.4
U.3
.5
77.2
-9.8
72.6
U.l
-155.9
23.0
17.5
16.5
Consists of purchases or sales made by the Treasury of securities
issued or guaranteed by the U. S. Government for (l) trust funds which
by law are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose investments are handled through
the facilities of the Treasury Departioent.
It will be noted that these
-41.2
-308.1
4.4
-74.1
-123.1
7.2
3.8
-2.0
4.7
4.6
5.0
2.8
3.5
38.4
-10.0
20.3
9.4
26.4
11.8
8.4
10.3
-123.0
-u.l
-57.6
221.0
11.5
10.7
-3.6
16.5
17.0
21.1
-30.7
56.2
26.6
7.9
83.9
-67.3
234.8
21.3
33.3
10.6
28.3
transactions differ from those rsfleoted in Table 1 because they
exclude those Govermaent investment accounts for which Investments
are not handled by the Treasury. Table 2 also Includes purchases
under Section 19 of the Second liberty Bond Act, as ancodod (Jl U.S.C.
754a), and excludes the Exchange Stabilization Fund,
less than $50,000.
.•
.
.
.
)
April 1960
1+7
.
OVfNHlSHIP OF FITERAL SBCDRITIES
.
Table 3.- Estimated Ownership of Federal Securities
(?ar values
1/ in billions of dollars
Beld by banks
Total
Federal
aecurlties
outstandlllg 2/
1939-Deoember.
1945-June
December.
banks
2/
47.6
18.4
15.9
48.5
50.9
16.1
2.5
17.3
2.2
55.3
64.3
18.6
19.5
21.8
23.7
19.7
2.2
77.0
1L2.5
28.7
47.3
140.8
170.1
202.6
232.1
59.4
71.5
52.2
59.9
7.2
11.5
83.3
96.5
68.4
77.7
U.9
106.0
115.0
84.2
90.8
21.8
24.3
279.8
269.9
259.5
116.7
108.2
97.9
93.8
84.4
74.5
22.9
23.8
258.4
257.0
252.4
252.9
91.9
91.3
70.0
68.7
85.9
85.8
64.6
62.5
252.8
257.2
82.4
85.7
63.0
66.8
18.9
257.4
256.7
83.9
82.6
65.6
61.8
18.3
20.8
255.3
259.5
81.4
85.4
61.1
63.4
22.9
24.7
. .
1946-February 2/
June
December. . .
Held by private nonbank investors
266.1
275.2
Mutual
savings
Corporations 6/
22.7
1.9
22.8
23.9
2.6
2.8
7.8
6.9
a.4
8.5
9.5
25.0
31.0
3.6
5.4
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
26.0
41.1
10.6
12.2
9.1
13.4
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
19.2
24.7
31.2
36.2
11.7
12.9
14.9
17.1
13.1
15.1
17.3
19.6
U.3
67.0
81.7
100.2
6.3
6.5
3.2
2.1
2.0
12.9
16.4
20.2
21.4
16.9
19.1
21.7
lU.O
40.7
42.9
22.7
24.0
135.1
132.6
130.7
43.3
43.5
44.2
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
23.3
28.0
29.1
30.9
21.9
22.6
21.4
32.8
34.4
35.8
45.5
46.2
37.3
24.6
23.9
22.8
21.2
12.1
12.0
12.0
11.5
13.7
23.3
133.7
131.3
130.7
129.7
19.3
38.3
39.4
132.2
132.1
48.8
49.3
17.8
17.0
11.6
11.4
15.8
16.8
37.8
39.2
135.6
134.9
49.9
49.6
17.6
16.7
11.6
10.9
18.4
19.7
41.0
42.3
132.9
131.8
49.1
49.1
16.3
15.5
130.8
133.4
49.0
49.2
9.6
9.5
18.8
19.9
18.8
47.1
47.8
47.6
25.0
24.9
49.3
94.1
63.6
69.2
87.1
86.8
63.5
62.0
23.6
24.8
49.3
49.4
48.3
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
270.6
275.0
79.2
83.7
56.2
59.5
23.0
24.2
133.3
135.1
49.5
50.0
50.5
51.7
136.7
U2.3
50.2
50.2
53.5
54.0
138.3
138.2
50.3
50.1
55.6
55.2
135.9
136.1
49.1
48.2
49.6
133.8
129.9
23.6
25.4
21.1
19.4
18.6
17.6
15.7
16.0
16.8
15.4
16.0
15.9
State and
local
governments 7/
2.2
6.5
58.8
63.7
6.5
15.3
U.l
13.6
14.8
6.7
6.5
6.3
7.1
7.3
7.8
7.9
8.0
18.6
21.5
f-
16.6
19.2
13.9
14.7
15.1
U.4
U-8
15.
14.8
14.6
18.8
23.5
16.3
15.6
13.6
13.2
17.7
19.1
15.7
16.1
17.2
16.9
17.1
16.1
12.7
12.5
12.4
12.2
16.1
17.2
16.9
17.0
7.6
7.4
16.0
13.9
17.3
U.5
16.9
24.5
25.3
25.0
55.6
56.0
55.6
130.2
130.5
130.4
47.9
47.9
47.9
16.0
15.6
15.6
12.4
12.5
12.5
67.0
68.0
67.5
25.4
26.2
55.1
54.8
54.4
132.8
134.2
134.8
47.8
47.8
47.7
15 7
15.6
15.8
12.7
12.7
12.7
94.0
91.7
88.7
68.2
66.3
63.2
25.7
25.3
25.5
53.5
53.6
53.7
138.4
139.9
139.7
47.7
47.6
47.5
16.9
17.7
18.7
12.6
285.5
286.4
284.8
90.4
89.2
87.4
64.7
63.2
61.3
25.7
25.9
26.0
53.1
54.2
54.6
142.0
143.1
142.8
47.3
47.2
19.2
19.5
19.7
12.6
12.6
12.5
20.9
47.0
20.0
16.9
16.8
16.7
88.4
87.5
86.5
61.8
60.8
60.0
26.5
26.7
26.6
54.1
54.6
54.2
146.3
46.9
46.7
46.5
20.4
21.0
21.8
12.6
12.7
12.6
21.8
22.8
17.0
17.2
288.4
46.3
22.8
22.9
12.6
12.5
12.3
12.5
275.6
278.6
276.8
October. .
November..
December.
280.3
283.2
283.0
92.4
94.2
93.9
1959-January...
February.
Mareh
285.9
285.2
282.2
April.
>by...
June..
July
August ....
September
65.3
66.8
65.8
26.3
87.1
26.6
53.6
291.4
60.4
53.8
26.9
85.9
59.0
290.7
86.4
290.9
59.8
26.6
53.7
25.5
291.2
84.0
58.6
53.2
Source: Debt Analysis Staff In the Office of the Secretary.
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.
A/ Holdings by Federal land banks are included luider "Misoellaneous
investors" inataad of "U. S. Government investments accounts" after
Jiuie 26, 1947, when the proprietary interest of the United States
in these banks ended.
Includes partnerships and personal trust accoxmts. Nonprofit
^
Insurance
companies
7.1
7.6
83.6
89.6
July
August.. ..
September.
October...
November.
December. •
1960-January p.
Individuals i/
Government
investment
accoxmts /^
U8.4
147.6
150.7
151.0
46.2
45.9
45.8
150.8
154.0
8/
23.3
7.4
15.0
16.9
16.8
16.7
7.4
16.8
18.0
18.2
16.8
16.7
16.7
7.3
19.8
7.4
7.4
20.2
19.5
17.0
16.9
16.8
15.3
a.4
7.0
6.9
6.9
6.9
21.3
17.3
22.9
23.2
23.1
25.1
17.4
17.4
17.5
17.6
24.1
institutiona and corporate pension trust funds are Included under
"Miscellaneoufl investors,"
Exclusive of banks and insurance companies.
Consists of trust, sinking, and inveptment funds of State and local
govenmBnts and their agencies, and Territories and Island possessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investnents of foreign
balances and international accounts in this country. Beginning
December 19i.6, includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in
special nonintereet-bearlng notes issued by the U. S. Oovemment,
Lnmediate postwar debt peak.
Preliminary.
Treasury Bulletin
l^g
.TREASURY
SUWEY OF CWNERSHIP, JANUARY
31, I960.
Distribution of ownership by types of banks and Insur-
The Treasury Survey of Ownership covers securities
Issued by the United States Oovernment and by Federal
The banks and Insurance companies Included In
agencies.
ance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank classes and nonraember banks are published for June 30
and December 3I. Holdings by corporate pension trust funds
Data were first published for
the United States.
March 3I, ig'H, In the May I9I+I "Treasury Bulletin".
Bulletin for quarters beginning December 3I,
Section
I
-
are published quarterly and first appeared In the March 1951*
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
19't9.
April I960
•V9
.THEASUBY
SUWEY OF OJNEFSHIP, JANUARY
Section
31, I960.
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)
)
,
Treasury Bulletin
50
.TREASURY SURVEY OF OWNERSHIP, JANUARY 31, I960.
Section I - Securites Issued or Guaranteed by the United States Government
Table 3«- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Treasury Survey
Held by investors
Total
amount
outstanding
Issue
(Tax status 11/ is shown in parenthe
Insurance companies
S. Government
investment
accounts and
Federal Reserve
Banks
TJ.
6,383
coimnfircial
banks 2/ 2/
515
mutual
savings
banks
^
306
life
535 fire,
casualty
and
:
Held by
all other
investors
4/
Treasury bonds - (Continued):
3-7/8
December
October
November
1967-72
1969
197i
(taxable)
(taxable)
(taxable)
3-1/4
4
3-1/4
June
February
May
1978-83
1980
1985
(taxable
(taxable)
(taxable)
Februaiy
February
1990
1995
(taxable)
(taxable)
2-1/2*
4
3-1/2
3
3,664
1,276
654
249
157
100
1,727
2,736
U9
178
Total Treasury bonds
Panama Canal bonds
Guaranteed securities 8/
Total public marketable securities
Footnotes at end of Table 4.
(wholly)
(taxable Ij/)
6,237
2,905
730
,
April i960
Treasury Bulletin
52
.MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 29,
1%0,
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter oloelng bid quotations In the New York market
Oovernment except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
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
Government are excluded because they are not regularly
quoted In the market.
April 1960
53
.MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 29, I960.
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nda)
Treasury Bulletin
5^
.MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 29, I960,
o
.
.
..
..
.
. ..
.
.
April i960
nELDS OF
.AVKRPCE
L01IG-TE3W BONDS.
Table 1.- Averege Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonde 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
1942
19A3
19U
1945
1946
1947
2.73
2.72
2.62
2.53
2.61
2.U
1948.
1949.
1950.
1951.
1952.
1953.
2.82
2.66
2.62
2.86
2.96
2.31
2.32
2.57
2.68
2.94
3.20
1954
1955
1956
1957
1958
1959
2.55
2.84
3.06
3.47
3.43
4.08
Monthly series - averages of daily series
1953-Aprll....
May
July
August.
.
2.97 2/
3.11
3.13
3.23
3.34
1955-October..
November.
December.
3.10
3.10
3.40
3.02
3.02
3.28
3.24
3.29
1956-January.
February.
March. .
September
2.98
October.
November
December.
2.83
1954 -January.
February.
March.
2.69
2.62
.
.
April
June
3.16
3.11
3.13
.
April.
May...
June.
2.85
2.88
2.90
2.85
2.93 2/
3.07
2.97
2.93
March
3.34
3.22
3.26
April.
May.
June.
3.32
3.40
3.58 2/
2.68 2/
2.78
2.78 2/
2.93
3.60
2.99
3.02
July
August. .
September.
2.82
2.81
2.82
3.01
3.04
3.05
October.
November
December.
3.73
2.91
2.95
3.06
3.11
1958-January.
February.
92
3.13
.
June
July
Au^st.
.
September
2'.
3.76
3.70
3.80
1957-January.
February.
2.87
2.89
2.90
February.
October. ..
November.
December. .
3.59
3.69
3.75
2.54
2.57
2.59 2/
April
May
3.24
3.28
3.27
3.20
3.30
3.40
.
October.
November
December.
March
3.36
3.60
3.75
October. .
November
December.
2.47
2.48
2.52
1955-Jan\iary.
July
August
September.
.
.
.
.
.
.
March
3.20 2/
3.63
3.66
.
1959-January....
February . .
September
.
3.U
3.11
3.08
3.10
3.00
3.17
3.21
,
March
April
May
4.01
4.08
4.09
3.77
3.67
3.66
July
August
September.
4.11
4.10
4.26
3.67
3.74
3.91
October. ...
November.
December. .
4.112/
.
196o-Jaiiuary.
2/2/
3.57 2/
3.30 2/
3.24 2/
3.28
3.25
3.91 g/
3.92
3.92
Jane
3.81
3.60
Weekly series - averages of daily series for weeks ending
1959-September
3.12
May
August.
September.
.
2.53
2.48
2.54
2.55 2/
May
July
August.
2.86
2.79 2/
1958-Aprll
3.15
,
.
February.
.
4.12
4.27
Treasury Bulletin
AVHIAGE IIEIDS OF LONG-TERM BONDS.
<0
-
April I960
57
.mTHlNAL RiVENDE COLLECTIONS
Table 1.- Summary by Principal Sourcee
(In thousands of dollars)
Corporation
income and
profits
taxes
65,009,586
69,686,535
69,934,980
66,288,692 4/
75 ,112,649 i/
21,466,910
21,594,515
21,546,322
18,264,720
21,298,522
33,738,370
37,254,619
80,171,971
79,978,476
79,797,973
80,171,971
79,978,476
79,797,973
a, 530,653
46,610,293
20,533,316
18,091,509
47,a2,944
3,605,629
7,159,670
9,229,078
3,605,629
7,159,670
9,229,078
568, ai
3,319,057
6,852,251
7,585,525
4,807,819
65,634,894
70,170,974
70,299,652
66,288,692
75,109,083
Oct
Nov
Individual incoioe tax ani enploynent ta
Total collections reported
by Internal
Hevenns Service
Budget
Adjustment of
receipts from collections
to budget
internal
receipts X/
+625,308
+484,439
+364,672
-3,566 5/
Individual
income tax not
withheld 2/
Individxial
income tax
withheld 2/
Old-age and
disability
Insurance 2/
Railroad
retirement
Unemployment
insurance
620,622
628,969
600,106 4/
634,323
259,616
273,182
283,882
279,986
324,656
616,020
575,282
525,369
330,034
335,880
324,020
20,148
85,432
51,849
701
743
575
11,345,060
11,403,942
10,736,578
10,396,480
11 ,3a, 966
17,929,047
ij
24,015,676 J/
3,584,025
3,816,252
4, as, 520
5,339,573 4/
6,336,805
49,588,488
12,302,229
11,527,648
11,733,369
26,727,543
27,040,911
29,001,375
6,634,467
7,733,223
8,004,355
368,049
3,311,154
1,934,472
5,667,250
4,804,280
3,319,057
6,852,251
7,585,525
491,069
404,741
3,179,510
1,745,608
5,408,614
3,260,691
259,817
98,596
362,104
1,467,005
5,226,987
2,846,908
16,448
82,366
51,1U
2,337
664
567
4,807,819
564,448
3,3U,308
l,154,UO
16,153
a6,46l
37,9a,3U
37,869,770
42,633,426
a,132,275
22,077,m
a, 253 ,625
363,807
1,549,816
13 ,154
5,457,9a
1,836,774
2,915,081
605,2a
Treasury Bulletin
5«
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
Corporotion Income
and Profits Toxes
.
Income Tax and
Employment Taxes*
.Individual
r
945
?:-^1
z-z
z.z
T
47
49
51
i^
.
,
.
..,
April 1960
59
.MDHETAKY STATISTICS
.
Table 1.- Money In Circulation
(In millions at dollars except per capita figures)
Total
money In
circulation x/
1952
1953
1954
1955
1956
1957
1958
1959
Total
paper
money
Gold
certificates
Silver
certlf-
31,082
31,172
2,162
2,200
2,155
26,329
26,342
27,029
27,037
27,093
26,952
109
108
108
27,013
27,566
27,647
106
106
105
26,799
26,761
104
32,199
30,012
31,898
31,973
31,848
29,674
29,732
29,589
2,126
2,ia6
2,126
31,905
32,489
32,591 4/
29,636
30,195
30,287
2,112
2,116
2,135
31,569
31,552
29,301
29,277
2,008
2,017
1960-January. .
Februaiy.
318
318
320
319
318
2,U8
1959-Ju)j
August .
.
316
319
312
24,605
25,609
25,385
25,618
26,055
-
1953
1954
1955
1956
1,678
1,766
1,795
1,858
1,948
1957
1958
1959
2,042
2,101
National
bank
notes 2/
180
163
U7
103
Money in
circulation
per capita
(in dollars) S/
Stauiard
silver
dollars
1952
Bank
notes 2/
2,088
2,122
2,135
2,170
31,9U
October.
November.
December.
notes
27,348
28,359
28,127
28,372
28,767
1958-Dec8Bber.
September.
United
States
notes
29,026
30,125
29,922
30,229
30,715
29,040
29,071
29,699
. .
Treasury
notes of
1890
Z/
237
253
1,093
1,150
1,165
1,202
1,259
184.90
188.72
184.24
182.91
182.44
1,315
1,346
181.52
179.08
180.18
2,a5
l,a5
September
2,224
2,241
2,259
1,419
1,429
1,441
October..
November,
December,
2,269
2,294
2,304
1,447
1,465
1,468
178.46
181.49
181.82
1960-January.
Februaiy,
2,268
2,275
1,436
1,440
n».6i
195 8- December
195^-July....
August
.
Source: Circulation Statement of United States Money.
Excludes money held by the Treastiry and money held by or for the
account of the Federal Reserve Banks and agents; includes paper
currency held outside the continental limits of the United States
2/ Tpeasuiy notes of 1890 in circulation are being canceled and retired upon reoeipt by the Treasury
i/
2/
i/
^
517
5a
526
179.81
179.37
178.40
175. 92r
Federal Reserve Bank notes and national bank notes are covei«d by
deposits of lawful money and ars in process of retirement.
Highest amount to date.
Based on latest population estimates by the Bureau of the Census;
Includes Alaska beginning with January 1959 and Hawaii beginning
with October 1959.
Revised.
r
5
...
,
Treasury Bulletin
60
.MOKETAKY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in milliona)
Gold
Silver
{t35 per
(tl.29+ per
Ratio of silver
to gold and
silver in
monetaJ7 stocks
fin percent)
fine ounce)
1952
1953
1954
1955
1956
23,3i6.5
22,462.8
21,927.0
21,677.6
21,799.1
1957
1958
1959
22,622.9
21,356.2
19,704.6
3,768.5
13.9
3,8U.3
U.5
3,863.1
3,922.4
3,994.5
15.0
15.3
15.5
4,116.6
4,306.0
15.4
16.8
18.3
4,4U.l
1/
4,362.5
1958-Deceinber.
September.
19,490.7
4,412.7
4,408.7
4,402.3
18.4
18.4
18.4
October..
November.
December.
19,585.2
19,565.8
19,455.9
4,395.0
4,387.7
4,382.7
18.3
18.3
18.4
19,U3.6
4,379.4
4,376.4
18.4
18.4
1959-July
Au^st
19,625.9
.
19,53.8
. .
1960-Januai7...
February.
19,420.5
Source: Circulation Statement of United States Money.
silver monetaiy stock see Table 4.
For detail of
1/
See Table
3
,
footnote
2.
Table 3.- Gold Aeeete and Liabilities of the Treasury
(In millions of dollars)
Liabilities:
Gold assets
of calendar yea
1952
22,178.8
21,545.7
21,223.5
21,199.1
21,458.3
1,008.2
483.7
489.0
491.2
491.2
22,272.9
20,138.2
19,350.5
508.1
396.1
105.4
19,625.9
19,523.8
19,490.7
19,520.0
19,413.8
19,389.9
105.8
109.9
100.8
19,585.2
19,565.8
19,455.9
19,476.7
19,464.2
19,350.5
108.5
101.6
105.4
19,443.6
19,420.5
19,3a. 2
23,187.1
22,029.5
1953
a, 712.
1954
1955
1956
21,690.4
21,949.5
1957
1958
1959
22,781.0
20,534.3
19,455.9
1959-July
August . . .
September.
October. .
November.
December.
1960-January . .
February..
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public
Reserve Banks; (2) gold' certificate credits in (a)
fund - Board of Governors, Federal Reserve System,
tion fund - Federal Reserve notes; and (3) reserve
and in Federal
the gold certificate
and (b) the redempof tl56.0 million
Gold certificates
etc. 1/
2/
19,320.6
against United States notes and Treasuiy notes of 1890.
The United States payment of the $343.8 million Increase in
its gold subscription to the International Monetary Fund
authorized by Public Law 86-48, approved June 17, 1959, was
made on June 23 , 1959 (see "Budget Receipts and Expenditures
Table 2, footnote 10).
.
1
.
April I960
61
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Subsidiary
coin 2/
1952
1953
1954
1955
1956
2,109.7
2,140.8
2,171.1
2,194.4
2,208.9
289.3
278.3
267.6
253.5
236.3
1957
1958
1959
2,212.9
2,245.0
2,251.4
219.0
202.7
182.3
8.2
U.9
1959-July
August ...
September
2,251.4
2,251.4
2,251.4
191.7
189.6
187.6
13.8
5.9
6.6
October.
November.
December.
2,251.4
2,251.4
2,251.4
187.1
184.4
182.3
2,251.4
2,251.4
182.0
181.6
1960-Jaiiuary.
February.
Silver outside
Treasury
Securing silver certificates i/
Bullion for
recoinage 4/
Silver
dollars i/
1,158.1
1,213.1
1,242.7
1,283.2
1,338.2
3,794.1
3,837.0
3,886.6
3,930.1
4,064.1
92.3
269.3
U8.3
285.4
305.5
1,402.6
1,446.2
1,513.4
4,185.4
4,362.5
4,382.7
62.9
127.4
11.1
19.2
Source; Circulation Statement of United States Money; Office of the
Treasurer of the Dnlted States.
1/ Valued at tl.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government.
Valued
at tl.38+ per fine ounce.
2/
V
*
at tl.29t
per fine
202.5
213.2
223.1
235.4
252.2
45.3
30.7
11.0
17.6
6.3
48.0
15.7
Subsidiaiy
coin 2/
Total
silver
153.7
151.5
296.2
146.
300.2
1,483.3
1,491.3
1,494.3
4,412.7
4,408.7
4,402.3
138.2
132.0
127.4
300.8
303.5
305.5
1,499.1
1,508.9
1,513.4
4,395.0
4,387.7
4,382.7
121.5
115.0
305.8
306.2
1,513.6
4,379.4
4,376.4
298.3
1,5U.8
Valued at tl.38+ per fine ounce or at $1.29+ per fine ounce
according to whether the bullion is held for recoinage of subsidiaiy
silver coins or for recoinage of standard silver dollars.
less than $50,000.
2
.
Treasury Bulletin
62
MONETARY STATISTICS.
Table 5.- Seigniorage
{Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver biollion revalued l/
Seigniorage
End of calenda
year or month
(silver and
minor)
Newly mined silver
Misc. silver
(incl. silver
bullion held
June U, 193i)
Silver Pui^
chase Act
of June 19,
193A
Nationalized
silver
226.2
302.7
366.7
457.7
530.7
34.5
34.7
34.7
34.7
34.7
16.8
36.0
87.6
87.6
87.6
87.6
87.6
(Proc. of
Aug. 9, 1?34)
4.2
274.9
397.5
541.6
758.8
950.6
25.7
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
87.6
87.6
87.6
87.6
87.5
65.5
66.5
74.5
84.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
146.8
129.9
127.2
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
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
1,172.5
111.7
81.9
57.2
34.9
6.6
34.7
34.7
34.7
87.6
87.6
87.6
167.9 2/
167.9
167.9
1,172.5 2/
1,172.5
1,172.5
119.4
118.1
115.1
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
107.7
102.9
18.5
i6.1
63.7
91.7
48.7
48.7
48.7
48.7
48.7
1940
1941
1942
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
562.7
580.4
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
429.5
491.9
520.5
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
1943
1945
1946
1947
1948
1949
559.
578.7
1950
1951
1952
596.
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1953
1954
1955
1956
1957
1958
1959
1959-July
August
September
October.
November.
December.
958.5 1/
961.7
965.6
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
Acts of
July 6, 1939,
and July 31, 1946
Potential
eigniorage
liver bulll
at cost in
Treasurer's
account 2/
326.2
422.1
508.1
616.0
705.6
1935
1936
1937
1938.
1939
19U
Proclamation
of Dec. ZL,
1933
Total
seigniorage
on silver
revalued
967.3
717.3
U.3
50.0
72.9
lU.O
98.3
98.3
1960-Januaiy.
Source
Bureau of Accounts.
1/ These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
2/ The figures in this column are not cumulative; as the amount of
:
2/
bullion held changes, the potential seigniorage thereon changes.
Total of seigniorage on coins and on newly mined silver, beginning with
that for July 1959, s Included under coins; the breakdown is not available
after June 1959.
i
.
,
.
April 1960
63
.
CAPITAL MOVEMENTS
Data relating to capital raovemente between the
United States and foreign countries have been collected
since 1935. pursuant to Executive Order 656O of January 15,
13'}'*,
Executive Order 10033 of February
8,
191^9,
and
Treasury regulations promulgated thereunder.
Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
in the "Treasury Bulletin."
Supplementary Information Is
published at less r'requent Intervale. Reports by banks,
bankers, securities brokers and dealers, and Industrial
and commercial concerns In the United Statee are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April
195**! data reported by banks In the Territories and
possessions of the United Statee are Included In the
published data.
The term "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
"Short-term" refers to original maturities of one year or less,
other maturities.
and "long-term" refers to all
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June
195'*
Issue of the "Treasury Bulletin,"
As a result of changes In presentation
pages '^5-'t•7.
Introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
The first three sections which follow are published
They provide summaries, by periods end by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-terra
monthly.
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data In six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonflnanclal concerns.
April, July,
Is
published quarterly In the January,
and October Issues of the Bulletin.
Table 2,
long-terra foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
and dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table k, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, le presented annually, appearing in the April
Issue through 1958 and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 Issue.
Section I - Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(Id millions of dollaxa; negative figures Indicate a net outflow of caplttd from the Dnlted States)
Analysis of net capital movement
Net
capital
movement
1935-U
,
1942
19A3
194i
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
,
,
,
Changes in liabilities to foreigners
Total
Changes in claims on foreigners
Short-term
banking funds
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
-192.2
75.2
3,034.6
485.9
1,179.3
220.4
1,279.4
-374.3
1,260.6
1,162.8
637.1
1,175.0
586.5
-614.9
-707.1
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,178.3
685.2
156.4
141.8
-2.7
1,121.6
-447.5
-298.2
72.0
-782.4
-192.4
-908.3
-975.8
-1,705.2
-«39.2
-86.7
-U8.4
636.2
601.5
-100.0
1,026.8
9U.4
-584.3
3,i60.6
408.9
358.6
366.4
495.6
295.8
87.7
385.6
62.8
278.7
110.0
October. . .
November..,
December...
-61.1
279.0
-85.1
-58.4
416.5
124.9
-183.6
289.7
33.8
125.2
126.8
91.0
1960-January p.
February p.
p
Preliminary.
736.3
97.5
-11.3
-71.8
-63.1
3,661.3
532.5
1,207.1
431.1
1,166.3
-752.6
547.2
409.3
-24.8
1,971.2
1959-July
Auguat
September..
,
Short-term
banking funds
1,591.9
5,253.2
622.6
1,273.5
452.8
1,056.6
-803.0
345.5
244.7
193.8
1,749.6
73.1
1,558.8
1,090.9
1,419.5
1,367.3
1,494.7
360.9
998.1
4,299.8
,
Total
84. 9r
31.0
143. 4r
176.4
2.8r
99.0
3U.9
-11.5
U9.3
U0.6
77.3
90.1
66.4
21.7
-109.7
-50.4
-201.7
-164.6
218.6
-221.6
-50.4
22.0
-2.7
-U7.5
-209.9
-58. 5r
-U5.3
-315.5
-240.7
-69.8
190.8
-76.2
Transactions in
foreign securities
77.7
93.5
-46.6
265.1
39.0
-94.8
27.8
-U5.4
-482.0
-162.0
-397.2
-253.7
-342.6
-93.0
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-746.2
56.9
28.0
-35.3
-107.3
-6.0
-51.3
-2.5
-87.9
-153.1
-.2
-49.6
-56.8
-70.5
-80.3
U4.2
-67. 8r
11.4
.
.
1
.
2
Treasury Bulletin
Sk
.CAFITAL MOVSOaiTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In mllllona of dollars)
Short-term liabilities to forelgne
Short-term claims on foreigner
Payable In dolla
1942
13.9
17.9
290.5
54.6
47.5
98.1
49.7
70.4
51.0
44.9
72.2
948.9
1,018.7
827.9
898.0
968.4
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
506.3
699.4
165.4
100.4
110.8
240.6
91.8
1,584.9
1,629.4
1,769,9
1,881.1
1,452.1
61.4
43.7
43.2
122.9
156.5
405.4
847.5
646.5
969.0
1,056.5
1,390.8
78.4
101.6
211.0
163.9
48.8
1,048.7
904.5
1,386.5
1,548.5
1,945.7
5,665.3
5,890.8
6,962.8
1,517.3
1,544.0
3,158.1
59.0
59.4
77.2
2,199.4
2,542.0
2,635.0
385.5
439.4
486.6
1,666.5
1,904.^
1,913.4
9,141.5
9,175.4
9,226.4
6,735.3
6,850.3
6,908.7
2,780.5
2,720.2
2,991.4
66.9
65.9
70.9
2,384.2
2,356.3
2,391.6
437.4
422.5
457.8
1,766.4
1,755.6
1,735.2
19,013.8
19,303.5
19,337.3
9,095.7
9,082.5
9,139.2
6,800.4
6,995.8
6,962.8
3 ,049.3
68.4
65.4
77.2
2,394.0
2,481.9
2,635.0
432.5
483.7
486.6
1,735.4
1,785.9
1,913.4
226.1
3,159.8
3,158.1
19,340.1
19,439.2
8,889.1
8,864.6
7,257.1
7,233.0
3,137.7
3,285.3
56.3
56.3
2,702.8
2,691.4
508.7
477.9
1,965.4
2,103.3
228.8
210.3
1947
1948
1949
1950
1951
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
1,657.8
1,527.8
1,641.1
1952
10,546.1
11,648.4
12,918.6
13,600.7
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
4.245.6
4,308.4
4,335.4
4,726.5
5,392.8
15,158.3
16,159.1
19,337.3
18,724.2
18,811.8
19,197.4
7,916.6
8,664.9
9,139.2
October. . .
November. .
December* .,
1960-January p.,
Februaiy p
]J
30.9
34.4
100.3
473.7
U,939.1
1959-July
August
September.
U3.7
319.6
1945
1946
1957
1958
1959
72.0
86.4
105.4
Payable in
foreign
currencies
137.2
169.7
245.0
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
1954
1955
1956
Other
246.7
257.9
329.7
392.8
708.3
3,320.3
3,335.2
4,179.3
3,043.9
1953
Loans to
foreign banks
21.6
25.5
40.6
2,2U.4
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
1943
1944
Payable In dollars
Payable in
foreign
currencies
Other
foreign
2,262.0
1,864.3
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are Included in "Foreign official."
40.3
p
206.5
328.1
U9.6
U7.3
197.7
235.0
180.5
178.1
198.6
a2.3
235.0
Preliminary.
Table 3.- Purchases and Sales of Lone-Term Domestic Securit ies by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
n. S.
Corporate and other
Govemm
and notes ]J
Purchaaea
396.8 2/
164.2
1935-41
1942
1943
Sales
492.4 2/
138.5
170.6
Bonds 2/
Net
purchases
19U
241.3
513.6
268.
245.3
1945
377.7
393.4
-15.7
1946
1947
1948
1949
1950
414.5
684.2
3W.8
283.3
330.3
333.6
294.3
-269.7
61.5
-47.9
96.4
942.1
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1951
1952
1953
1954
1955
1956
1957
1,3a.
883.4
666.1
1,223.9
1,ZL4.1
1958
1959
1,356.6
231.4
728.0
792.7
812.1
1,018.3
-683.0
302.3
-82.
8.2
1,187.6
528.0
529.0
-135.0
-52.1
36.3
686.1
718.3
Purchases
-95.7 2/
25.7
70.7
2/
2/
2/
2/
2/
107.7
108.3
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
141.6
188.5
197.4
283.6
296.0
251.8
258.9
-64.5
-150.6
5U.1
-U4.3
375.3
664.0
-21.2
2.9
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
120.3
1.0
55.2
135.0
127.5
256.0
8,695.3
2U.0
626.7
46.6
392.9
650.4
637.9
365.2
439.7
751.0
27.8
210.7
-113.1
782.1
1,116.3
659.9
-334.2
-89.1
-192.2
75.2
944.4
570.9
652.2
784.1
2,011.1
au.4
708.9
1,066.6
2,117.6
1,069.0
1,459.4
2,056.4
-584.3
5.8
9.9
18.0
197.4
157.9
137.0
163.7
122.6
111.3
33.7
292.4
229.6
35.3
25.7
U8.9
283.1
170.2
173.1
62.8
278.7
110.0
10.0
10.9
-3.9
155.3
196.8
224.8
125.7
167.1
29.7
48.3
57.8
353.2
400.2
3*6.4
228.0
273.4
255.4
125.2
126.8
91.0
199.3
157.4
127.6
123.1
71,7
333.0
192.4
140.6
34.3
313.7'
236.4
77.3
31.9
32.5
October. .
November.
December..
162.6
166.4
92.1
77.0
98.8
55.0
85.6
67.5
37.2
35.3
25.3
37.0
29.4
26.1
33.3
1960-January p.
February p
103.9
119.5
40.5
87.8
63.4
31.6
29.8
36.8
25.4
Through 1949, includes transactions in corporate bonds.
Through 1949, included with transactions in D. S. Govemment
bonds and notes.
432.1
376.7
9,322.1
260.6
26.2
22.6
22.3
23.3
233.5
66.3
i/
2/
367.6
226.1
369.7
354.1
666.9
20.9
-43.0
-34.6
-97.4
35.3
51.3
17.3
72.6
39.7
25.0
39.5
40.3
-U1.4 2/
296.2
3U.0
63.1
258.5
105.8
,
2/
-.6
-21.6
11.7
15.3
6.1
28.7
Net
purcha
841.6 2/
75.5
194.6
171.4
357.7
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
August . . . .
September.
1959-Julor
2/
Sales
430.2 2/
96.4
151.6
136.9
260.2
Net p\iTchases of
domestic
securities
Total
purcha
24.3
2/
p
U8.5
U2.6
-56.3
362.9
1,533.3
1,384.0
1,U7.9
2,205.7
3,227.0
2,790.0
2,282.8
2,982.5
3,807.3
2,5U.8
2,633.6
2,141.0
2,985.2
2,685.7
3U.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,121.6
January 4, 1940, through December 31, 1941! the breakdown between
atocks and bonds i» not available for earlier years,
Prelimlnaiy.
9
5
.
April
2
mo
65
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Foreign stocks
Net purchases
of foreign
securities
Total
Net
purcha
4,008.2
1935-41
1942
1943
446.4
372.2
19U
3U.3
1945
318.1
225.3
347.3
1946
1947
1948
1949
1950
755.9
658.7
ai.6
321.2
589.2
1959
1959-July
Au^st
September.
October. . .
November..
December. ..
1960-Januai7 p.
Februaiy p
.
Not available.
Preltminaiy.
634.3
291.4
311.5
710.2
265.5
24.5
65.2
-79.8
9.8
-121.0
81.7
88.8
173.8
1,392.0
1,915.1
1,455.1
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
60.5
27.1
156.5
162.6
-102.1
47.5
52.1
53.3
95.4
75.4
92.8
142.1
801.0
677.4
6a.
841.3
509.4
991.5
27.3
208.3
-23.3
-39.5
-46.7
272.3
220.5
469.6
340.9
355.4
19.8
22.1
54.8
57.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-509.5
500.4
495.3
542.5
792.A
693.3
606.5
699.0
889.0
945.6
1951
1952
1953
1954
1955
1956
1957
1958
490.4
-29.2
23.3
26.6
37.3
198.2
348.7
329.6
303.4
6U.9
877.9
875.2
6a.
803.7
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
-46.6
8a.
265.1
715.9
293.3
39.0
-94.8
410.1
763.0
-U5.4
27.8
-377.0
-126.1
-29.1
-336.4
-236.6
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
108.0
a5.3
71.5
200.6
77.5
251.9
-107.3
-6.0
-51.3
-2U.3
2,OU.O
2,718.8
2,257.9
-a7.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-746.2
52.7
50.2
43.6
-5.2
U.4
U.O
58.3
35.2
41.3
53.0
51.4
63.1
23.1
-10.1
-10.1
110.4
94.6
U8.3
110.6
144.2
205.2
-.2
-49.6
-56.8
45.0
36.4
10.6
4.6
113.0
117.8
103.6
274.5
9.4
-156.8
Treasury Bulletin
66
.CAPITAL MOVEMENTS.
Section II - Sunmiary by Countries
Trble 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period In millions of dollars)
^
..
April I960
67
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Caleixlar year
1958
Europe •
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republ
Greece
Italy
Netherlands
18.3
157.0
Norway
Poland
Portugal
Rumania
Spain
23.4
Sweden
Switzerland
Turkey
D.S.S.R
United Kingdom
13.1
28.9
87.6
1.6
Yugoslavia
Other Europe
Total Europe
Canada . .•......••
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
15 .i
4.3
72.1
16.2
U5.1
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies a
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other latin America.
Total Latin America
.
4.9
12.2
34.7
10.9
.
U.9
li3.9
49.2
. .
.
840.4
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
16.4
170.2
Thailand
Other Asia
Total Asia
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa..
All other
Total other countries..
International
Grand total
10.6
5.9
1959
1959
August
September
October
January p
February p
68
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Sumnary by (Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousanda of dollara; negative figiirea Indicate net salea
by foreigners or a net outfl<M of capital from the United Statea)
.
April i960
69
,
CAPITAL MOViMENTS
Section II - Sunmary by Countries
Table 4.- Net TranaactlonG in Long-Term Foreign Securities by Foreigners
(In thousande of dollAra; negative figures indicate net oalaa
Country
bj forelgneTa or a net outflow of capital from the United States)
Treasury Bulletin
70
.CAPITAL MOTIMENTS.
Preliminary Details by Countries
Section III
Short-Term Banking Liabilities to Foreigners as of February 29, 1960
-
Table
"i7
1,
Part of United Arab Republic (Egypt snd Sjrrla) sIdot February 1958
Data on liabilities to Syria are reported annually and appear in
Section IV, Table 5.
.
mo
April
.CAPrcAL
wjjwsms.
Section III - Preliminary Details by Countrlea
Table 2.- Short-Term Banking Claims on Foreigners as of February 20, 1960
(Poeltlon In tbouHna* of
Short-tan
oUlu
doUan)
Collactlona
outstanding
for ovn
aooount and
doDBStlo
oustonars
Loane tot
Total
short-tam
FoTalgn
banks and
offlolal
olalaa
Inetltutlo:
guropai
Auatrla
Balglua
Czaoboalovmkla
Danmark
Finland
2,572
52,796
8,555
8,553
415
37,204
1,392
549
31
37,849
51,364
3,439
40,683
25,968
36,049
45,255
3,131
39,562
23,168
5,048
17,951
299
13,481
2,516
7,041
3,348
1,674
6,331
3,348
1,593
1,U0
U,574
Franoa
Oaman/, Fadaral Rapubllo
of.
Qraaoa
lUly
Natbar lands
Norwaj
PoUnd
Portugal
Ruaanla
Spain
2,444
51,866
1,410
U,13
5,775
108
5,087
16,700
38,816
65,520
15,398
29,880
65,510
395
10,892
62,281
UO,631
35,634
18,650
lugoalATla
Otbar Europa...
8,090
11,362
8,090
10,957
4,384
Total Europa...
538,167
CaMda
680
444
166
9,796
6,860
3,126
2,126
10,618
21,439
17,257
3,739
53
2,683
11,653
13,278
6,854
2,967
1,6U
7,574
4,407
606
458
4,492
26
1,U7
6,373
10,807
6,243
2,183
1,800
6,109
1,790
5,913
1,121
2,800
2,662
96
1,164
707
570
2,976
1,195
8,891
4,239
3,229
1,083
6,2U
183,167
Daposlts of
raportlng
banks and
doaastlc
cuatonsrs with
fopslgnars
1,241
9,131
18
2,134
1,496
1,374
Svadan
Svltiarland
Turkay
D.S.S.R
Dnltad Kln(da>.
Staort-tara olalaa pajrabla In forslgn
ouTTttnolaa
pajmbla in dollara
46,824
3,313
2,419
391
116,325
61,441
156,802
16,027
Utln Amarloai
38,958
3,333
150,256
57,300
70,083
48
98
52,981
15,353
6,105
19,162
14,270
Colonbia
64,017
3,333
150,474
57,323
70,108
Cuba
Donlnican KapubUo..*.
Ouataaala
Mailco
Natharlanls W. Iidlas and
83,120
27,312
12,786
257,355
4,551
83,011
27,305
12,772
254,335
4,550
41,776
6,862
2,607
98,498
1,610
Fanaaa, Rapubllo
Paru
El SalTSdor
Oniguaj
Vanaiuala
Otbar Utln iaarloa
19,040
37,759
5,343
46,017
345,550
56,073
18,654
37,735
5,343
46,010
343,121
55,877
Utln Anarloa
1,240,161
1,208,643
2,492
11,749
5,781
169
29,681
2,487
11,706
5,515
164
29,681
2,475
7,601
802
6
801
17,312
371,508
2,039
17,555
9,352
17,312
371,499
1,096
115,483
115
15,088
12,452
12,452
6,U1
8,3U
Argantlna
BoUvla
Braill
OhlU
d
Total
Cblna Mainland
Hong Kong
IndU
Indonasla
Iran
••••
Israal
Japan
Koraa, Rapubllo of.
niilipplnaa
Taiwan......
Sorim.
2,039
17,549
9,352
5,488
3,869
94,517
4,591
4,657
17,110
3,186
1
59,668
U,724
9,113
12,953
26,039
3,723
4,641
2,217
61,004
921
28,584
4,197
5,764
29,448
2,012
8,928
11,605
2,184
65,385
11,393
3,985
434
3,101
49,236
12,014
3,792
17,387
3,685
1,277
49,959
3,158
15,547
1,203
17,763
5U
11,728
199,969
251,382
401,839
1,756
56
56
543
1,014
27,
28,826
U9,409
12
2,330
3,078
158
28,668
2,448
58,450
1,924
1,745
430
13,225
196,552
1,646
216,900
U5,9a4
U5,520
127,241
2,065
15,901
626,074
625,276
285,463
117,209
Auatralla
Balglan Congo
««ypt i/
Onion of Soutb Afrlsa.
All otbar
15,978
3,043
1,766
10,807
21,309
14,611
2,998
1,730
10,541
20,704
Total otbar oountrlaa.
52,903
50,584
ToUl AaU
11,703
18,U5
559
2,481
464
798
Otbar oountrlaa i
625
2,036
Intamatlonal.
2,691,407
1/
Part of United Arab Republic (Eorpt and 35rTia) slnoa February 1958.
Data on claims on Syria are not available separately, but are
included in "Other Asia.'*
7,488
2,887
426
8,865
1,131
4,724
13 ,387
6,487
33,053
36
239
143
:
.
.
Treasury Bulletin
72
.CAPITAL MOVEMENTS.
Preliminary Details by Countries
Section III
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During February 1060
-
(In thousands of dollAra)
Sales by foreigners
Purchases by forelgne
Domestic securities
Foreign securltlee
Total
pure has
D.
Total
S.
Govenunent
bonds and
notes
Bonds
Foreign securities
D. S.
Government
bonds and
Stock
Europe
263
Austria
Belgium.
echoslovakia.
Denmark
Finland
a, 610
France
Germany, Federal Republic of
Greece
Italy
Netherlands
5,105
15,A29
Norway
751
U
4,546
4,500
4,073
216
536
135
2,269
409
666
166
Poland
Portugal
Rumania
Spain
1,124
10,902
3,608
79
4,427
4,705
2,657
9,9a
1,987
2,627
85,870
910
5,315
733
7,355
109
1,236
1,397
9,180
6,340
1,106
23,464
535
1,811
63 ,361
18
139
671
7,166
25,503
50,929
62,389
16,876
19,581
198,403
16,334
19,880
1,023
58,288
Yugoslavia .
Other Europe.
106
22,000
6,1Z3
1,177
1,877
260
34,975
3
5
9,606
48,178
38
952
10,324
192
16
83,822
4,036
326
35
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdo
2,477
3,980
28,632
26,947
.
9,603
1,063
132
765
381
153
UO
1,517
1,LU
663
581
507
242
Cuba
Dominican Republic
Guatemala
931
122
119
3U
563
57
109
Netherlands West Indies and
Surinam
37
26
2,897
4,294
579
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other latin Amrica.
Ifitin
69,557
1,277
Argentina
Bolivia
Brazil
Chile
Colombia
Total
13,675
425
Total Europe.
118
69
Americ
China Mainland.
Hong Kong
India
Indonesia
915
242
3,007
2,899
2,765
3,270
3a
267
8
1,890
2,040
1,220
31,388
2,776
17,719
63
38
36
1,990
799
1,463
507
3,760
768
150
365
29
2,117
1,555
4,787
500
2
166
407
396
1,3a
306
1,476
73
3,893
7,067
2,977
47
3,293
6,632
3
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
185
194
420
4,264
Total Asia...
15,
U8
Other countries
Australia
Belgian Congo
Eg,vpt 1/
648
684
Union of South Afric
All other
Total other countries
668
International.
36,804
Part of United Arab Republi I (Egypt and Syria) since February 1958.
Data on purchases and sales by Syria are not available separately.
but are included in "Other
.
41,078
510,893
25,356
1,292
1,351
1,173
. .
. .
April 1960
Ti
.CAPITAL MOVEMENTS
.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnancial Concerns
1/
(Position at end of period In thousands of dollars)
Liabilities to foreigners 2/
Claims on foreigner
1958
September
December
September
1959
December
Europe;
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway.
Polarei
.
3,08i
2,777
28,585
202
1,369
784
3,232
27,130
1,823
8,323
20,683
33,641
12,257
1,453
10,208
17,017
13,207
U,346
28,133
209
1,150
726
26,680
10,4U
U
. .
Portugal.
Rumania.
Spain. . .
1,939
27,808
209
1,055
1,088
3,322
10,369
4,759
746
10,092
778
6,697
937
3,160
8,745
769
8,116
1,068
3,711
9,847
819
6,925
1,194
40,595
50,913
1,178
9,691
30,701
46,276
54,786
948
11,137
38,034
45,650
48,812
807
12,069
37,353
20,164
17,293
2,692
27,092
23,373
21,207
21,398
2,502
31,366
22,525
18,242
23,492
3,400
32,946
22,883
23,588
28,175
2,206
26,489
24,323
15,364
11,602
61
5,183
6,639
180
3,391
6,779
1,894
5,173
1,434
2,826
Switzerland
Turkey
D.S.S.R
United Kingdo
11 ,029
Yugoslavia. .
Other Europe.
1,799
781
189
8,852
11,503
468
728
189
7,848
2
2
9,605
9,919
10,928
15,191
15,233
999
18,523
17,853
1,788
20,863
26,557
1,535
274
85,503
24,437
30,733
2,050
270
102,067
19,043
5,451
25,149
25,443
5,080
24,674
26,793
242
504
260
406
1,403
1,356
2,111
371
2,254
341,663
360,550
696
199
7,570
11,990
3,U9
2,732
27,630
210
1,250
682
733
84,2i8
1,042
1,Z37
3,381
104
61,763
1,008
2,787
2,605
4,368
24,383
108
U,034
1,067
2,473
27,448
8,907
27,823
57
41,590
605
2,530
248,255
80,218
27,063
35,526
9,921
1,134
10,440
1,317
17,471
3,221
2,886
9,804
1,161
18,940
4,141
3,161
13,950
1,988
13,287
U,403
1,6U
74,253
12,133
4,702
62,269
8,130
6,088
1,857
59,432
8,388
5,884
16,860
1,999
56,803
6,415
6,693
9,806
918
6,232
879
28,511
4,096
4,855
23,670
4,066
203
4,779
34,186
4,979
35,984
27,105
3,308
4,151
30,409
29,239
3,191
4,487
29,050
l,a2
1,727
126.934
Latin America:
Argentina.
Bolivia. .
Brazil..
Chile
Colombia.
10,U2
876
U9
16,606
i,6i7
3,i24
16,U9
Cuba
Dominican Republic...
Guatemala
tejlco
Netherlands U. Indies
and Surinam
i,82i
1,362
628
8,368
5,463
801
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other lAtin America.
8,8i2
3,693
131
4,085
3,052
i,692
10,638
2,505
4,545
13,658
5,472
Total Latin America.
82,301
85,086
1,028
990
2,305
6,496
2,294
3,495
1,077
3,832
5,722
2,119
2,819
Israel
Japan
Korea, Republi
Philippines...
Taiwan
696
16,816
195
3,8i8
2,023
762
13,317
157
4,906
1,618
1,549
13,623
366
6,196
917
Thailand
Other Asia....
757
4,7i3
920
4,833
U,211
42,093
.
2,705
3,126
16,
2,957
3,372
7,924
661
9,839
4,400
1,174
931
3,208
2,857
3,452
593
3,480
13,467
1,861
5,100
28,328
3,408
111
6,053
11,913
5,348
3,708
20,078
1,792
5,ai
5,4U
34,986
15,948
33 ,182
97,645
84,024
261,571
33,857
997
3,191
7,296
1,886
6,263
975
2,245
7,494
2,636
4,467
8,051
1,421
9,184
858
5,694
8,049
1,722
6,066
1,006
5,016
37,626
919
8,359
1,521
4,462
37,294
277
6,495
1,130
1,459
15,158
186
6,192
1,184
1,303
4,044
5,719
3,952
3,154
12,974
4,U1
45,638
51,667
94,777
8,920
279
1,163
5,476
8,192
1,587
3,763
2,703
7,606r
Z31
4,565
11,635
5,134r
3,U7
15,375
3,433r
8,302
1,950
5,376
33,809
I6,366r
3,263
9,958
2,125
3,434
40,697
12,956
225,385
228,897
1,U5
170
1,687
5,821
Asia:
China Mainland
Hong Kong
India
Indonesia
Total Asia
3,U5
6,9U
2,257
3,560
9,243
8,586
2,366
11,036
7,563
688
7,006
1,6a
9,882
5,U7
7,363
38,064
524
11,389
2,350
37,428
1,252
13,015
1,581
3,070
11,640
4,655
13,406
88,665
97,904
3,303
Other countries:
Australia
Belgian Congo
Egypt 2/
Union of South Afric
All other
17,922
966
606
3,419
5,425
19,391
Total other countries
28,338
3,827
4,575
14,818
465
935
4,540
4,738
17,105
340
1,251
4,752
5,352
4,789
7,023
9,996
29,086
25,496
28,800
20,627
29,008
U2
881
latemational
Grand total
2,ao
41
462,430
U0,465
484,919
551,387
As reported by exporters, inqjorters, and industrial and commercial
concerns in the United States. Data exclude claims held through
United States banks, and intercompany accounts between United States
companies and their foreign affiliates.
Data in this series were revised In the January 1960 issue of the
568,383
753,797
9,5U
6,137
7,650
9,062
1,203
2,745
6,241
7,802
27,922
25,678
27,053
381
290
198
720,061
668,491
706,569
7,532
1,591
2,316
6,969
"Treasury Bulletin" to include liabilities not reported previously.
Revised quarterly data for March 1955-March 1958 may be obtained from
the Office of International Finance, Treasury Department, Washington
25, D. C.
Part of United Arab Republic (Egypt and Syria) since February 1958.
Revised.
r
Preliminary.
Treasury Bulletin
7"^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TXPE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United States
published quarterly and appear as Section I in the series
The first data under the new regulations are
of tables.
and were presented in the August I956
Government which appear In the "Treasury Bulletin" begin-
for March 3I,
ning with the August I956 Issue are oomplled from reports
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, I956. The regulations so Issued are pur-
and December 3I reporting dates, and appear as Sections II
suant to Section ll4 of the Budget and Accounting Proce-
regulations cover the fiscal year 1956, and were published
dures Act of 1950 (31 U.S.C. 66 b), and represent another
step In the program of comprehensive and Integrated Gov-
agencies are grouped In separate tables by type, as follows;
No. 966,
and III.
I956,
Statements of income and expense and source and
The first of these statements under the new
In the January 1957 Bulletin.
Within the sections, ths
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. S518 of August I3, IjM-O, as amended by Executive Order No. 9084 of March 3, ISkZ, under which fi-
and trust revolving funds.
nancial statements previously published In the Bulletin
were submitted.
all executive agencies and activities not reporting under
In coverage. Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
Included In the Government Corporation Control Act, as
mainly not business-type activities, and Close which had
amended
and all other activities
plement rounds out provision for the information on
of the Government operating as revolving funds for which
properties and assets of the United States Government which
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-
(
3I U.S.C.
SkS,
856);
These are
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-
business-type public enterprise or Intragovernmental fund
the Treasury has been asked to furnish to the Conmlttee on
budgets are required by the Bureau of the Budget.
Government Operations, House of Representatives, for a
activities and agencies whose operations,
Other
services,
or
functions are largely self-llquldatlng or primarily of
a revenue-producing nature, and activities and agencies
whose operations result In the accumulation of substantial
Inventories,
Investments and other recoverable assets,
continuing study of the assets of the Government. The
first comprehensive reporting under Supplement No. 1 1»
for June 30, 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 agency 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
Four kinds of financial statements are called for by
application of funds, and certain commitments and contin-
of the loans are shown, one by type and one by agency.
Data prior to I956 are based on the earlier reporting
requirements, which provided for complete coverage of
gencies.
Government lending agencies.
Department Circular No. 966. They are statements of
financial condition. Income and expense, source and
The statements of financial condition are
April I960
75
.CORPORATIONS AND CEEJTAIN OTHER BUSmESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 1.- Summary by Specified Claeeee of Activities, December 31, 1959
(In thousanda of dollare)
Account
:
Treasury Bulletin
76
.CORPORATIONS AND CEOTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959
(In thousands of dollars)
Office of
Civil and
Defense
Mobillzati
Civil defens
procurement
fund
ASSETS
Cash in bajiks, on hand, and In transit
Fund balances with the tl. S. Treasury 1/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Govemroent 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: U. S. dollar loans
Foreign currency loans
Allowance for losses (- )
Acquired security or collateral (net)....
structures,
and equipment
land,
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
-2,960,825
Total assets
28,127,322
—
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the D. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
NET MVESTMEIIT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninte rest-bearing investinent:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
171,298
3,104,605
Development
loan
fund
Internati
Cooperati
Administr
Foreign
investment
guaranty
fund
179,0,12
526
14,470
1,160,709
276,280
8,979,6a
5,725
1,293
26,925
61,758
3,500
11,055,418
110,035
-227,216
218,860
5,081,180
-1,004,813
6,728
719,928
3,199,894
49,168
110,085
-10
3,992
142,850
382,852
111,813
122,150
1,066
831
20,981
116,497
70,095
56,575
797,397
1,088,293
4,5U
2,911,398
5,063 2/
100,000
20,414,316
690,578
1,631,200
1,000,000
1,056,000
8,220,450
1,329,215
-422,814
-6,171,820
1,400,000
22
592,692
1,302
1,401,324
4,834
ANALYSIS OF UNITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
1,400,022
1.302
4,834
4,834
investment incl. interagency items.
Interagency itema:
Due from Government agencies (-)
Due to Government agencies
-1,236,019
346.805
investment excl. interagency itena.
24,326,711
U. S.
8.
Regular
lending
activlti
1,108,512
69,991
-9,372
Total United States interest...
Footnotes at end of Table
Defense
productio
guarantle
Export-Import Bank
of Washington
1,213
493
1,236,392
Total liabilities and investment.
U. S.
Atomic
Energy
337
1,500
1,401,662
(Continued on following page)
2,631,200
592,692
April I960
.COEPORATIONS AND CERTAIN OTHER BUSHJESS-'ITPE AL'i lVri lES.
'
'
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959
-
(Continued)
Treasury Bulletin
7«
.CORPORATIONS AKD CEETAIN OTBER BUSmESS-ITPE ACnVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, December 31, 1959
(In thousands of
doUara)
-
(Continued)
April I960
79
.CORPORATIONS AHD CERTAIN 0THE3? BUSINESS-TYPE JU3TTVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1050
(Id thouBande of dollars)
(Continued)
:
.
Treasury Bulletin
io
.COEPORATIONS AKD CERTAIN OTBER BUSINESS-TYPE AJi'iViTiES.
Section 1 - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959
(Continued)
(In thouGande of dollars)
Housing and Home Pla
General Services Adminiatratlon
i
AgUttf
Office of the Administrator
Abaca
fiber
program
ASSETS
Casb In banks, on hand, and in transit...
Fund balances with the U. S. Treasury 1/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents;
Government agencies
Other
Accounts and notes receivable:
Govemnsnt agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government entezpriaes
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, stnicturss, and equipment
Accmmilated depreciation (- )
Foreign currencies
Other assets (net )
Federal
Facilities
Corporation
Reconstruction
Finance
Corporation
liquidation
fund
Expansion
of defense
predaotion
Defense
production
guaranties
1,196
8,359
College
bousing
loans
46,637
682,526
-1,667
2,859
-2,241
4,366
-2,851
111,798
-30,525
?. 12 3
1,573,680
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaianteed by the 0. S
Not guaranteed by the U S
Other liabilities (including reserves)...
5,671
276
9,170
1,169
6
8,041
.
2,155
41,061
Total liabilities
MET aVESTMaiT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the D. S, Treasury.
Other
Nonlnterest-bearing investDent:
Capital stock
1,684,700
.
Appropriations
Capitalization of asseta (net)
Other
Accujiulated net income, or deficit (-).
Deposits of general and special fund
Total Onitod States Interoat
,
108,515
13,866
-9,853
4,012
11,705 6/
13,092 6/
-260,596
11.705
13.092
Total liablHtlea and investment
AMAIJSIS OF UlUTED STATES INTESTME3IT
United States investment
Accumulated net income, or deficit (-)..
13,866
-9.853
Investment incl. Interagency items
Interagency Items;
Due from Government agencies (-)
Due to Government agencies
-636
230
investment excl. Interagency Items
3.606
'
Footnotes at end of Table
8.
5,671
722,233
1,573,6
5,671
732,456
1,793,215
-260.596
5,671
11,705
U. S.
U. S.
1,532,619
-1,524
-221
45_
-171
29.715
1.562.162
(Continued on following page)
9,211
5,671
nl.JM
April
mo
81
-CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Publ Ic Enterprise Revolving Funds, December 31, 1959
(Continued)
:
.
Treasury Bulletin
&2
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACnVITIES,
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959 - (Continued)
(in thousands of dollars)
Agriculture Department
Housing and Home
Finance Agency(Continued)
Public
Housing
Administration
ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury 1/
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-).-Other securities
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 securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net)
LIABILTTIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Govemioent agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
IJEY INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumilated net income, or deficit (-).
Deposits of general and special fund
Disaster
loans, etc.,
fund
Farm tenant
mortgage
insurance
fund
Expensio
of defen
producti
3,459
88,006
1,078,683
181,920
7,453,056
-2,960,243
693
87,i50
47,271
1,744,997 2/
-1,U4
-145,775
8,437
-3,62i
244,809
-110,779
200,297
7,585,501
172
2,745
42,887
41,211
-19,263
146
245
84,369
41,241
488
590
123,465
45,311
1,438
102,610
14,975
59,246
2.135
45,089 2/
Total liabilities
Federal
Crop
Insurance
Corporation
2,833
9,947
)
Total assets
Farmers' Home Administration
Commcdity
Credit
Corpo ratio
383.116 9/
1,916 2/
607,016
100,000
12,074,000
40,000
120,419
1,000
833,871
246,550
205,494
364
-5,195,516
-360
-114,881
6,978,484
45,178
123,288
7,585,501
51,015
123,465
United States investment
Accumulated net income, or deficit (-)...
12,174,000
-5,195,516
160,059
-114,881
U. S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
6,978,484
1,092
-1,078,683
19,157
130
investment excl. interagency items.
156,298
5,918,959
45,308
(-).
Total United States Interest...
Total liabilities and investment.
43,396
ANAUSIS OF UMITED STATES INVESTMEMT
D. S.
Footnotes at end of Table
8.
(Conti
35,890
7,506
63,755
-66,348
43,396
following page)
2,593
April I960
83
.CORPORATIONS AHD CEREAIK OTHKR BOSINESS-TYEE JU3TIVITIES.
Section I - Statements of Financial Condition
Table 2.- Publ ic Enterprise Revolving Funds, December 31, 1950
(In thousands of dollara)
(Continued)
)
Treasury Bulletin
gl^
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Publ ic Enterprise Revolving Funds, December 31, 1959
(in thousands of dollars
(Ciontlnuedl
April
mo
85
.COKPORATIONS AND CKRPAIN OTHER BUSINESS-TYPE ACTTVTriES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959
(In thousands of dollars)
(Continued
I
(56
April I960
«7
.CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYPE ACTIVITXES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1959
(In thousajids of dollars)
-
(Continued)
Treasury Bulletin
.
COBPORATIONS AND CEFOJAIN OTHES BOSINKSS-TWE ACl'lViTiKS.
Section I - Statemente of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1959
(In tbouBande of dollars)
April
mo
.
Table 3.
COHPORATIOHS AND CERTAIN OTHER BUSIKESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, December 31, 1959
(In thousajide of dollars)
(Continued)
Treasury Bulletin
90
.
Table 3.
CORPOBATIOnS ADD CERTAin OTHER BOSIRESS-aTFE ACTIVITXES.
Section I - Statemente of Financial Condition
Intragovernmental Revolving Funds, December 31. 1950
(In thouauide of dollars)
-
(Ciontlnued)
)
April I960
91
.
CORPORATIOnS AHD CERTAIN OTHER BOSIHESS-TYPE ACTIVITIES.
Section
Table 3.
I
-
Statements of Financial Condition
IntraKOverninental Revolving Fluids, December 31, 1060
(In thouaande of dollars
(Continued)
Treasury Balleiin
92
.COEPOBATIONS AMD CESSAUX OTHEJ^ BUSHtESS-TXEE ACTIVITIES.
Section I - Statements of Financial Condlt Ion
Tabl e 4.- Certain Other Activities, December 31 . i95g
(Id thouoaixlB of dollare)
:
April I960
93
•CORPORATIONS AND CERTAIN OTHER BUSIKESS-TYPE ACTIVTTIES.
Section I - Statements of Financial Condition
Table 4,- Certain Other Activities, December 31, 1959 - (Continued)
(In thousande of
Federal
Mediation and
Conciliation
Service
Federal
Power
Conmlaslon
doUara)
national
Aeronautics
and Space
AdminlBtratloo
Selective
Fanama
Canal
Bridge
Syatem
Small
BuBlnesB
Admloietratlon
5/
ASSETS
Cash In banks, on hand, and In transit...
Fund balances with the U. S. Treasury ^.
Investments:
Public debt securities (par value).....
Securities of Government enterprises...
Onamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
GovemiDsnt agencies
Other (net)
Inventories
Allowance for losees (-)
Accrued interest receivable:
On public debt securities
On securities of Govermoent enteipriset
Other
Loans receivable:
Govemment agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net),..,
land, structures, and equipment
Accumulated depreciation (-)
Fireign currencies
Other assets (net)
,
2,525
99
,
,
4,936
,
Total assets
6,093
129,635
2,646
5,937
2,622
1,039,423
23,874
1,251
10,127
1,761
UABIUTIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Govemment agencies
Other
Advances from:
Govemment agencies
Other
Trust and deposit liabilities:
Govemment agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
15
695
2,384
13
NET INVESTMENT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
iBvenues (-)
1,956
-218
Total United States interest
1,738
Total liabilities and inve stment
2M(>
ANALySIS OF UNITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
1,738
investment incl. Interagency items.
Interagency items:
Due from Govemment agencies (-)
Due to Govemment agencies
U. S.
U.
S.
I
1,738
141.
5,267
19.308
2,590
589,590
31,355
6,093
430,525
5,267
-2,530
3-635
investment excl. interagency items.
Footnotes at end of Table
8.
7,886
5,534
Total liabilities
{Continued on follovlng page)
2,662
1,009
Treasurij Bulletin
9iv
.COKPOEATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIYITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1959 - (Continued)
(In thousands of dollara)
April I960
95
.CORPORAa?IONS AND CERTAIN OTHER BUSINESS-TyPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1960 - (Continued)
(In thousands of dollars)
Treasury Bulletin
96
.
COEPORATIONS AMD CEBHAIS OTHER BUSIMESS-TyPE ACTIYinES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, December 31, 1959
(In tbousaods of dollars)
April i960
97
.COKPORATIONS AMD CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, December 31, 1959
(In thousands of dollara)
Treasury Bulletin
98
.CORPOEATIONS AND CERT AIM OTHER BUSINESS-TYPE ACTIYTTIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, December 31, 1959 - (Continued)
(In thousands of dollars)
April
mo
99
.CORPOEATIONS AMD CERTAIN OTHER BOSIHESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding, December 31, 1059, Excluding Interagency Loans,
Classified by Types of Loans
(In thousands of dollars)
United States dollar loan
Type of loan and lending agency
Foreign
currency
loans 1/
Public enterprise
revolving funds
To aid agriculture:
Loans to cooperative associations:
Fanners Home Administration
Rural Electrification Administration
Crop, livestock, and commodity loans:
Conmiodity Credit Corporation
Disaster loans, etc., revolving fund
Farmers Home Administration
Virgin Islands Corporation
Storage facility and equipment loans:
Commodity Credit Corporation
Farm mortgage loans:
Farmers Home Administration
Farm tenant mortgage Insurance fund
Guaranteed loans held by lending agencies:
10,117
3,082,749
'
1,549,798
47,271
4,031
'
3
42,995
428,304
41,211
'
Commodity Credit Corporation
Other loans:
Fanners' Home Administration
1,549,798
47,271
152,204 2/
,
41,211
152,204 2/
358,759
Total to aid agriculture
3,883,961
5,717,443
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' Administration:
Direct loans to veterans a
Loan guaranty program
Other loans:
Veterans' Administration:
Direct loans to veterans e
Loan guaranty program
1,949,489
1,558,369
1,949,489
1,568,369
889,607
3,910
889,607
169
4,157
268,846
268,846
4,685,357
Total to aid home owners
To aid industry:
Loans to i*ailroads:
Expansion of defense production:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation liquidation
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund
Maritime activities
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guaranties:
Air Force Department
Anny Department
Navy Department
General Services Administration
Other purposes:
Export-Import Bank of Washington
General Services Administration:
Reconstruction Finance Corporation liquidation
Housing and Home Finance Administrator:
Liquidating programs
Inland Uaterweys Corporation
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Small Business Administration:
Revolving fund t lending operations)
Reconstruction Finance Corporation liquidation
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation
Virgin Islands Corporation
Total to aid industry
Footnotes on following page.
1,364
5,994
fund.
1,475
164,256
1,475
14,329
163,584
14,329
163,584
3,810
2,345
1,671
3,810
2,345
1,671
164,256
120
22,429 2/
fund
fund
fund
4,278
6,250
4,278
6,250
318,255
3,478
318,255
3,478
995
12,957
150
995
12,957
710,341
(Continued on following page)
22,429 i/
Treasury Bulletin
100
.COBPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding* December 31, 1959, Excluding Interagency Loans,
Classified by Types of Loans - (Continued)
(In thousands of dollars)
1/
The dollar equivalents of these loans are computed for reporting
purposes at varying rates. Where the loan agreements Btipulate
a dollar denominated figure, the loans outstanding are generally
valued at agreement rates of exchange. Loans executed in unlta
of foreign currency are valued at the market rates (i.e., the
2/
Jl/
Jf/
^
rates of exchange at which Treasury sella auch
agencies).
Includes certificates of interest.
Certain other activity,
Public enterprise revolving fund.
Does not include foreign <mrrency loans.
5
April I960
101
.COEPORATIONS AND CKHTAIN OTHKR BUSINESS-TYPE AU'l lVlTJUfiS.
'
Section I - Stateoents of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part A.- Classified by Types of Loans
(In millions of dollars)
To aid agriculture
End of
period
Totsl
1/
Agricultural
credit
corporations
Totsl
to aid
agrlcultu
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years:
1556
1951
1952
1953
1954
1955
1956
1957
1958
1959
To aid home
idity
12/
Farm
mortgage
loans
12,771.7
13,689.4
16,066.0
17,863.4
18,743.3
19,420.5
20,547.5
21,812.9
22,893.4
27,510.7
3,773.3
3,674.7
4,058.2
4,996.6
6,389.1
6,361.7
6,789.6
6,827.5
6,913.4
8,489.7
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
1,659.0
1,958.8
2,174.3
2,333.3
2,467.9
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
1,003.1
408.6
437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
515.9
530.1
549.6
588.8
647.2
634.1
275.3
314.2
359.2
454.0
452.0
13,413.2
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
3,
4.1
4,161.3
5,070.3
6,810.5
6,929.2
6,715.4
6,785.4
6,681.1
8,684.9
7,762.5
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
1,396.4
1,892.5
2,171.5
2,341.1
2,468.6
2,589.6
2,721.7
2,954.1
3,152.0
3,394.2
3,715.4
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
2,441.6
1,840.7
3,333.9
1,752.8
508.8
517.1
566.7
597.6
628.7
596.4
289.8
357.5
399.5
484.3
23.4
30.9
23,499.5
23,717.4
27,330.5
27,588.9
7,604.1
7,389.2
9,629.7
7,636.3
1,039.4
1,233.9
1,313.4
1,562.3
3,169.8
3,302.9
2,587.1
2,037.9
3,994.8
1,537.2
360.3
381.3
419.0
475.1
21.6
25.5
30.9
34.2
39.5
U.6
392.5
U8.2
U7.3
37.3
38.4
49.2
41.2
366.2
401.9
396.7
413.5
1,315.7
1,809.4
2,387.4
2,914.2
2,814.4
3,094.8
3,377.7
4,380.5
4,628.2
5,872.7
1,290.7
1,809.1
2,387.3
2,914.1
2,814.2
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
1,528.1
2,141.6
2,603.3
2,930.0
2,906.8
3,204.4
3,771.4
4,860.3
6,735.1
1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 2/
3,683.1
4,642.0
4,671.8
6,462.1
4,917.0
4,607.0
5,352.0
6,351.7
4,776.4
4,435.5
5,145.5
6,097.5
4,768.6-
Current quarters:
1958-March
September
1959-March
September
31
30
31
30
To aid Industry
End of
period
3,U7.4
3,614.6
447.6
433.3
455.1
U7.1
To aid financial institutions
Total to
aid financial
institutions
Total
to aid
industry
Insuranc
companie
Mortgage
To aid
States,
Territorle
companies
etc.
Vi/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Current quarters:
1958-March
September
1959-March
September
Footnotes on page IQ4.
628.0
603.1
549.4
614.6
426.7
438.5
626.9
639.6
654.2
716.8
113.0
104.7
85.2
78.6
11.9
12.7
12.7
568.0
589.1
597.6
587.8
431.3
678.3
619.3
673.9
679.9
732.8
109.9
100.7
81.9
79.0
11.5
11.2
12.5
10.3
7.8
7.4
260.7
219.3
216.8
186.6
165.7
7.9
7.6
7.4
189.6
182.2
170.4
12.3
8.0
7.5
221.0
218.6
191.0
173.8
6/
2/
6U.7
657.8
695.4
726.0
515.0
498.4
464.2
535.9
414.7
425.8
393.2
408.8
455.2
535.5
453.6
824.5
653.0
718.5
677.9
1,019.2
1,180.6
1,086.6
933.7
1,538.9
458.1
488.5
515.7
508.8
419.8
U6.9
824.3
814.2
864.5
951.8
869.8
1,419.0
1,235.5
1,272.3
485.5
559.7
1,300.6
2,136.1
434.1
460.3
505.6
548.3
703.4
1,011.9
1,089.2
1,796.7
406.
387.5
13.6
13.7
5.1
4.5
2.8
2.2
3.7
3.4
7.2
7.2
4.2
14.0
13.4
4.9
4.5
3.7
3.1
7.3
7.2
2.3
2.4
1.8
1.8
437.4
810.7
647.9
713.9
671.4
1,013.5
1,173.4
1,079.4
929.5
1,537.1
422.9
560.9
732.5
732.7
332.3
255.2
226.8
243.0
270.9
310.0
6,116.3
6,151.1
7,617.0
7,798.4
7,964.8
8,032.4
8,171.6
8,300.2
9,046.2
9,924.7
810.2
800.7
859.6
947.2
863.8
1,412.4
1,228.2
1,265.2
1,298.3
2,134.3
468.0
712.3
1,020.2
644.6
271.7
244.9
246.0
264.0
293.4
318.8
6,077.8
6,110.3
7,736.2
8,042.6
8,000.5
7,988.3
8,223.5
8,753.7
9,509.7
9,840.0
696.3
1,009.5
1,087.4
1,794.9
274.5
293.6
291.0
308.0
8,965.3
9,271.1
9,712.4
10,084.2
Treasury Bulletin
102
.COKPORATIONS AKD CERTAIN OTHER BDSIKESS-TXPE ytfOTTITIES.
Section I - StateaentB of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part B.- Classified by Agencies
.
April I960
103
-CORPORATIONS
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Table
1/
2/'
1
Assistance Act of 195/*, as emended, end the Mutual Security Acts,
es amended.
Dollar equivalents ere computed for reporting purposes, to provide a common denominator for the currencies of the
meny countries involved. The rates of exchange used in the conversion of foreign currency units to United States dollar equivalent
generally depend on the ultimate utilization of these currencies.
Loans end other foreign currency receivables that are dollar denoiriinated in loen agreements are valued at agreement rates of oxchange.
Loans steted in units of foreign currency end receivables
in currencies that ere available for sale for dollars end certain
other United States uses are converted at market rates of exchange
in effect on reporting dates, i, e,, the rates at which the Treasury sells such currency to Government agencies.
These amounts consist in the main of unexpended balances of general,
special, and revolving fund accounts against which checks may be
drawn to pay proper charges under these funds. The funds are considered as assets of the agencies, but are not assets of the United
States Goveraiient since funds nsust be provided out of cash balances
of the Treasurer of the United States and future receipts to take
care of checks to be issued against the balances.
Includes foreign currency assets, representing loans and other
receivables recoverable in foreign currency es well as balances of
foreign currencies in United States depositaries, aggregating
$1,501,599 thousand in dollar equivalent. These currencies, acquired
without the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and
Footnotes to Table 2
1/
2/
See Table 1, footnote 1.
Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed end. insured loans which were made by private financial institutions. These
commitments are of a contingent nature and have been excluded from
their balance sheets. The major agencies that have these contingencies and the amounts are as follows:
Amount
Activity
(In thousands
of dollars)
International Cooperation Administration:
Foreign investment guaranty fund
i09,231
Export-Import Bank of Washington:
Regular lending activities
1,390
Veterans' Administration:
Loan guaranty program (June 30, 1959)
16,832,000
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund
378,298
Federal Housing Administration
29,276,77^
Public Housing Administration:
Local housing authority bonds and notes (Commitments covered by annual contributions)
2,605,7i2
Local housing authority temporary notes (Guaranteed)
836,360
Agriculture Department:
Farmers' Home Adaiinistration:
Farm tenant mortgage insurance fund
164,323
Coix-rierjo Department:
257,^82
Federal ship mortgage insurance fund
Treasury Department:
Expansion of defense production
15,067
Defense production guaranties (various activities),..
24.7,940
2/
V
y
6/
2/
8/
2/
10/
11/
12/
13/
*
Represents the remaining accountability of the United States Government in certain assets and liabilities transferred from the Reconstruction Finance Corporation effective July 1, 1954The surplus is considered by the Corporation as available for future
insurance losses and related expenses with respect to insured institutions.
Consists of net income from power operations of t543,903 thousand
and net expense of nonrevenue-producing programs of $206,439
thousand.
Represents the equity of the United States Treasury in this fund.
Includes unrealized purchase discounts amounting to $3,149
thousand.
Includes operating and administrative expense funds.
Includes guaranteed loans and certificates of interest aggregating
$152,204 thousand which are held by lending agencies.
Includes net accrued interest of $1,614 thousand on investment in
power facilities.
Figures are es of January 8, I960,
Figures are shown on an estimated basis pending the taking of complete physical inventories and the establishment of monetary property accounting records.
Includes $6,313 thousand sdvenced fro.ii a revolving fund which has
been established by appropriations.
Less than $500,
Footnotes to Table 3
1/
2/
Consists of: Administrative expenses, foreign aid procurements;
construction services, public buildings; and working capital fund.
See Table 1, footnote 1.
X/
*
Figures are as of Jan ery 9, I960.
Less than $500,
Footnotes to Table 4
1/
2/
i/
^/
5/
6/
2/
8/
2/
Consists of certain activities that are reporting on a quarterly
basis and a semiannual basis at the present time.
Represents assets and liabilities of the United States Civil Service Commission exclusive of trust end revolving funds.
Represents the Cooley loan program established pursuant to the act
approved August 13, 1957 (Public Law 85-128).
See Table 1, footnote 1.
Represents appropriations for salaries and expenses.
See Table 2, footnote 2.
Represents assets and liabilities of the General Services Administration fixclusive of trust and revolving funds, and strategic and
critical materials.
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
10/
11/
12/
13/
14/
"
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand and subscriptions to the
International Monetary Fund and the International Finance Corporation amounting to $4,125,000 thousand and $35,163 thousand,
respectively.
Includes $814,752 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due
the United States in the principal amount of $1,636,078 thousand.
Includes loan to the United Kingdom amounting to $3,367,446 thousand
outstanding.
Represents interest on invested capital,
Represents funds returned to the United States Treasury from sale of
capital assets.
Leas than $500.
Footnotes to Table 6
1/
2/
Consists of trust revolving funds that are submitting statements on a
quarterly basis and certain trust revolving funds that are submitting
statements on a semiannual and annual basis at the present time.
See Table 1, footnote 1.
2/
V
5/
*
Includes unrealized purchase discounts amounting to $82,296 thousand.
Figures are as of June 30, 1959, the latest available.
Represents transfers from States.
Less than $500.
Treasury Bulletin
104-
.CORPORATIONS AND CERTAIN OTHER BUSOTESS-TYFE ACTIVITIES-
Footnotes to Table 8
1/
2/
^
jj
^
6/
2/
8/
2/
10/
Table 8 covers all Government loana outstanding. It includes foreign
currency loans and those not included in Table 7 beginning 1956 which
have been made by deposit and trust revolving funds.
Includes guaranteed loans held by lending agencies.
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.
Figures representing loans made by the International Cooperation Administration prior to 1952 are not available at this time.
Includes guaranteed loans held by lending agencies through March 31,
1959, and the loan to the United Kingdom.
Reports on maritime activities were not received by the United States
Treasury Department during the period from March 31, 19A7, through
Reorganization Plan No. 21, effective May 2/^, 1950,
(torch 31, 1953.
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date,
certain mortgage notes are classified as mortgage loans.
Established in the Department of State by Executive Order No. IO6IO,
dated May 9, 1955, and effective at the close of business June 30,
Data
1955, as successor to the Foreign Operations Administration.
for earlier periods are for predecessor agencies.
On September 29, 1953, pursuant to the act approved July 30, 1953
(15 U.S.C. 609), the Reconstruction Finance Corporation started
liquidation of its activities, except these carried on by the
Corporation pursuant to Section 409 of the Federal Civil Defense Act
of 1950 (50 App. U.S.C. 2261) and expansion of defense production
activities carried on pursuant to the Defense Production Act of 1950,
as amended (50 App. U.S.C. 2091-209i) , which had been transferred to
the Secretary of the Treasury as of September 28, 1953, and 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 National Mortgage Association, and the Small Business
Administration. On July 1, 195-^, the remaining activities of the
Corporation were transferred to the Secretary of the Treasury to
complete their liquidation, pursuant to the act of July 30, 1953, as
amended June 29, 195^. The Corporation was abolished effective at
the close of business June }Q, 1957, by Reorganization Plan 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.
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,
13/
1^
15/
16/
12/
1950.
11/
12/
Beginning 1956 notes receivable which had previously bean classified
as loans are classified as other assets and are not included in this
table.
Figure for June 30, 1950, consists of Alaska housing loans. Subbeginning December 31, 1950, loans for
sequent figures include also:
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation) , and urban renewal loans authoriz-
18/
»
ed by the Housing Act of 19-i9, as amended (42 U.S.C. 1452 (a));
beginning December 31, 1951, college housing loans authorized by
the Housing Act of 1950, aa amended (12 U.S.C. 1749); beginning
December 31, 1954, loans held by the revolving fund established
pursuant to the act approved June 24, 1954 (68 Stat, 295) for
liquidation of not only Alaska housing, community facilities service, and prefabricated housing loans already included but also loans
under the Farm Security Administration program, the public war housing program, and the veterans' re-use 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 195^ approved August 2, 1954 C-iO 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 June 30, 1957, community disposal
operations loana authorized by the Atomic Energy Community Act of
1955 approved August 4, 1955 (42 U.S.C. 2301 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 functions consisting of management and liquidating functions,
Its
secondary market operations, and special assistance functions.
activities under these three functions began on November 1, 1954.
All figures in this column include the loans of the low-rent public
States
Housing
(formerly
known
as
the
United
Act
housing program fund
program). Also Included are the homes conversion program as of June
30, 1950, the Fprm 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 disaster loans, etc., revolving fund, the farm tenant mortgage insurance fund, and the State rural rehabilitation funds beginning June
Prior to June 30, 1956, the farm tenant mortgage insurance
30, 1956.
fxmd was included in the statement of financial condition of the
loan prograjns.
Consists of the loan to the United Kingdom and other miscellaneous
loans. Federal civil defense loans beginning December 31, 1953, and
the loans of the Reconstruction Finance Corporation liquidation fund
beginning December 31, 1957 (see footnote 9).
The major portion of the loans are held by the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 3I, 1954, fisheries loan fund
beginning June 30, 1957, and Indian loans; Department of the Army guaranteed loans (World War II) through March 31, 1958; ^the development loan fund beginning June 30, 1958; Office of Education - loans
to educational institutions as of June 30, 1959; and agencies reporting loans pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C, 2091), which consist of the Departments of the Army
beginning June 30, 1951, Navy beginning December 31, 1951, and Air
Force beginning June 30, 1956. and the General Services Administration beginning September 30, 1959.
Beginning 1956 mortgage notes and sales contracts which had previously
been classified as loans are classified as other assets and are not
included in this table.
Less than $50,000,
April
mo
105
.CUMULATIVE TAHLE OF COHTEMTS.
May 1959 through April 1960
May
June
July
36
37
Reporting bases
Articles;
Treasury financing operations
Summary of Federal fiscal operations
Budget rece ipts and expenditureai
Receipts by principal sources
Expenditures by agencies
Summary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions;
Summary of trust account and other transactions
Trust accoxmt receipts
Trust eind deposit fund accoxint 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
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date December 31, 1959)
Cash income and outgo;
Summary of Federal Government cash transactions with the public...,
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconclliatioi
to cash deposits In Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's accoiant
Intragovemmentel transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's accoiant...
,
Account of the Treag\irBr 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 secxirities
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
Statutory debt limitation
Public Debt Operations;
Maturity schedule of interest-bearing public marketable securities
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through Treasury bills
New money financing through regular weekly Treasury bills
Offerings of marketable issues of Treasury bonds, notes, and
certificates of Indebtedness
Offerings of piiblic marketable aecuritlea other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for marketable
Issues of Treasury bonds, notes, and certificates of indebtedness
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills...
Disposition of matured marketable issues of Treasury bonds, notes,
and certificate s of Indebtedne ss
Disposition of matured public marketable secxirlties other than
regular weekly Treasury bills
(Continued on following page)
Aug,
Sept
:
Treasurii Bulletin
io6
.CTJMULATIVE TABLE OF CONTENTS.
May 1959 through April 1960
-
(Continued)
Issue and page numbor
May
Dnited States savings bonds:
Cumulative sales and z^demptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods. Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations. Series E and H combined.
Seiles by States, Series E and H combined
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accoimts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others....
Ownership by commercial banks classified by membership
Reserve System (latest date December 31, 1959)
Market quotations:
End-of-month closing quotations on Treasury
Chart - Yields of Treasury securities
Average yields of long-term bonds:
collections
Summary by principal sources
Chart - Internal revenue collections by principal sources
Detail of excise tax collections
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
CcMnponents of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
December 31, 1959)
Exchange Stabilization Fund (latest date September 30, 1959):
Balance sheet
Income and expense
National bank reports:
Earnings, expenses, and dividends for calendar years 195A-58..
Capital movements between the Dnited States and foreign countries:
Summary by periods since 1935
Summary by countries and periods
Short-tera banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term 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,.
Purchases and sales of long-term securities by foreigners during
calendar year 1958
Corporations and certain other business- type activities:
Statements of financial condition (latest date December 31, 1959)..
Income and expense (latest date June 30, 1959)
Source and application of funds (latest date June 30, 1959)
June
July
Aug.
Sept,
Oct.
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TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, O.C
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
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@FedFRASER