Full text of Treasury Bulletin : April 1962
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DEC
1
9 1963
TREASURY DEPARTMENT
LIBRARY
ROOIVI
JUN
9.
5030
3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF
ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
FMEA^URY.
MUILLIETm
nPRIL-EBB
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DP THE SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Dociments,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $7.00 domestic, #8.75 foreign
Single copy price varies
April 1962
Table of Contents
Page
Treasury financing operations
Summary of Federal fiscal operations
Budget receipts and expenditures
Trust account and other transactions
Cash income and outgo
Account of the Treasurer of the United States ....
Debt outstanding
Statutory debt limitation
Public debt operations
United States savings bonds
Ownership of Federal securities
Treasury survey of ownership of Federal
securities
Market quotations on Treasury securities
Average yields of long-term bonds
Internal revenue collections
Monetary statistics
Exchange Stabilization Fund
International financial statistics
Capital movements
Corporations and certain other business-type
activities - income and expense, and source and
application of funds
Cumulative table of contents
A-1
1
2
9
14
20
22
27
28
51
55
57
61
6-4
66
69
73
75
76
SS
130
.
Treasury Bulletin
II
Reporting Bases
Data on receipts,
expenditures, and debt which appear
itures and Balances of the United States Government" and
Treasury
for actual receipts and expenditures in the "Budget of the
In the "Treasury Bulletin" are based largely on two
financial reports, the "Dally Statenient of the United States
Treasury" and the "Monthly Statement of Receipts and ExCertain monependitures of the United States Government."
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money,"
ments are given as sources for Individual tables,
cited by name only.
they are
Their respective reporting bases are
described below. For other data in the Bulletin, Information on sources or reporting bases is given In connection
with the tables themselves
The monthly statement of receipts and expenditures
^^d replaced the
United States Government."
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain interfund transactions which are Included In
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
agencies to the Treasury. This reporting change was made in
accordance with the plan stated in the President's Budget
Message of January IS, i960.
It does not affect the surplus
was first published for February 195^.
or deficit.
dally statement as the primary source of information on
ury Bulletin were revised to the new reporting basis in the
budget results and other receipt and expenditure data
At the same time, the
classified by type of account.
dally statement was changed to a statement of cash deposits
September i960 Issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treas-
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953-
The announcement of February I7,
1954, with respect to these reporting changes may be found
In the April 1954- Issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
including those made from cash
Figures for earlier periods shown in the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
and figures for prior fiscal years back through 1932
19^^,
were revised accordingly at that time.
The dally statement on the new basis was first issued
for February I7,
shown,
195'^-
I"
'the
deposits and withdrawals as
no distinction is made as to the type of accounts
accounts held outside the United States Treasury. The
Information is compiled from reports by the Treasurer of
certificates of deposit cleared through the account of the
the United States and by all other collecting and dis-
Treasurer of the United States.
bursing agencies, including those agencies which maintain
the basis of checks paid or cash disbursements made out of
checking accounts in commercial banks.
These reports cover
(budget,
trust,
etc.).
The deposits are on the basis of
the Treasurer's account.
Total withdrawals are on
Some of the withdrawal classi-
transactions recorded in the accounts of the agencies
fications shown are reported on the basis of mailed reports
The net of the transactions
of checks Issued and are adjusted by means of clearing ac-
during the reporting period.
as compiled from these reports is reconciled in the
monthly
counts to the total of checks paid.
Except for relatively
statement to changes in the balance In the Treasurer's ac-
minor amounts, noncash interfund and other intragovernmental
count and In cash held outside the Treasurer's account and
transactions are excluded.
changes in the public debt outstanding.
daily statement also are on a "clearance" basis, with the
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt,
are re-
ported on the basis of checks Issued or cash payments made
by disbursing officers.
Transactions of an interfund or
The public debt figures In the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are Included, however.
The daily statement before February I7, 195"+. covered
not only transactions cleared through the Treasurer's accoxmt but also certain Government agency transactions which
and included
Intragovernmental nature are Included on the same basis
even though the actual issuance of checks may not be involved.
Interest on the public debt is included on an
accrual basis beginning with figures for June 1955 and
were handled through commercial bank accounts,
the fiscal year 1955Prior to that, it was included on
a due and payable basis.
The same reporting basis as that
count, and similar to that in the cresent end-of-month daily
in the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown
noncash interfund and other intragovernmental transactions.
It provided information similar to that in the present dally
statement with respect to the status of the Treasurer's ac-
statement with respect to debt Issuance, retirement,
and
Receipts and expenditures, however, were
April 1962
III
Reporting Bases
In the dally statement were used as the basis for reflecting
the results under the President
'
s
budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November 19U9 and on a checks-paid basis prior to that time.
the Treasurer's account were reported on two successive
The circulation statement reflects transactions through
they were on the basis of checks paid
the Treasurer's account which affect monetary stpoks of gold
and sliver and the amounts of coin and currency In the money
bases.
Through
19'+6
Beginning with 1S^7
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
by the Treasurer of the United States.
of the Department of Defense and Its predecessor organizations,
Note:
were on the basis of checks paid.
Transactions han-
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.
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
April 1962
A-l
Treasury Financing Operations
New Treasury Bonds of I96S
for $1 billion cash,
or thereabouts, of a 3-3/'t- percent 6-1/3-year bond was
announced by the Treasury on April 5. I962.
In addition
on April 9 only,
An offering,
to the amount offered for public subscription,
the Sec-
retary of the Treasury reserved the right to allot up to
$100 million to Government Investment accounts.
Allotments on the «6,S27 million of subscriptions
and in addition
3100 mlUlon was allotted to Government investment accounts.
Subscriptions for more than |50,000 were allotted 15 percent but not less than tJO.OOO, and those for
Preliminary re$50,000 or less were allotted In full.
from the public totaled |1,15S million,
divided profits of the subscribing bank, whichever was
greater.
Commercial banks and other lenders were asked not to
make unsecured loans, or loans collateralized In whole or
in part by the bonds subscribed for,
required to be paid when subscriptions were entered, and
the commercial banks were required to make the usual certification to that effect.
from oomn-:erclal banks,
and
Jl,li-5'+
million from all others.
The new bonds are dated April IS,
1962,
and bear
Interest from that date at the rate of 7-3/'+ percent per
Commercial banks in submitting
subscriptions were required to certify also that they had
no beneficial interest in any of the subscriptions they
entered for the account of their customers, and that their
customers had no beneficial interest in the banks' sub-
scriptions for their own account.
ports of subscriptions received show that there were ^IjOO^-
million from savings-type investor groups, $h^,j63 million
to cover the deposits
All subscribers to the bonds were required to agree
or make any agreements with
respect to the purchase or sale or other disposition of
the bonds subscribed for under this offering until after
not to purchase or to sell,
April 9.
annum, payable on a semiannual basis on August 15,
1S62,
and thereafter on February I5 and August I5 in each year
until the principal amount becomes payable at their maturity on August 15, 196s. Bearer bonds with interest coupons
attached, or bonds registered as to principal and Interest,
were Issued In denominations of $500,
$10,000,
$100,000,
SI, 000,
$5,000,
One-Year Bills Refunded
Following an announcement on April 3, tenders were
received on April 10 for $2 billion, or thereabouts, of
365-day Treasury bills for cash and In exchange for 32
billion of Treasury bills maturing April I5, 1962.
and $1,000,000.
totaled
Payment for the new bonds was required to be made or
completed on or before April IS, I962.
Any qualified de-
positary was permitted to make payment by credit In its
Treasury tax and loan account for bonds allotted to it for
$3,'^5lt-
million,
Tenders
of which $2,001 million was ac-
cepted at the average rate of discount of 2.9'+3 percent.
The amount accepted included $159 million of noncompetitive
tenders for $400,000 or less from any one bidder accepted
in full at the average price of accepted competitive bids.
itself and its customers up to any amount for which itwas
The new bills are dated April I5,
qualified in excess of existing deposits.
Subscriptions were received without deposit from
banking institutions generally for their own account.
States,
of,
political subdivisions or Instrumentalities there-
public pension and retirement and other public funds,
1562,
and will
mature April 15, 1963, when the face amount will be payable
without interest. Issued in bearer form only, the bills
are In denominations of 51,000,
$100,000,
$5,000,
$10,000,
$50,000,
$500,000, and $1,000,000 (maturity value).
Payment for the new bills was required to be made
and dealers who make primary markets in Government secu-
on April 16,
rities and report dally to the Federal Reserve Bank of
New York their positions with respect to Government securities and borrowings thereon.
All others were required
to accompany their subscriptions by payment of 25 percent
1962, in cash cr other immediately available funds or In a like face amount of Treasury bills
maturing April 15, I962.
of the amount of bonds applied for.
and recognized dealers in Investment securities were per-
Subscriptions from commercial banks for their own
account were restricted in each case to an amount not
exceeding 5 percent of the combined amount of time and
mitted to submit tenders without deposit. Tenders by
others were required to be accompanied by payment of 2
savings deposits,
including time certificates of deposit,
or 25 percent of the combined capital,
surplus and un-
Incorporated banks and trust companies and responsible
percent of the face amount of the Treasury bills applied
for,
or an express guaranty of payment by an Incorporated
bank or trust company.
Treasury Bulletin
A-2
Treasury Financing Operations
Weekly Bills Increased
New Issues of regular weekly Treasury bills during
March totaled S9.O billion, refunding 38.5 billion of bills
maturing and providing about 30.5 billion of cash. By
increasing the amounts of certain weekly bill offerings
the Treasury
Department has obtained
a
total of $1.2
billion of new cash during the first nine months of this
fiscal year.
bills of
The new issues consisted cf five 13-week
U.2
billion each and five 26-week bills of $0.6
billion each.
Terms for the new issues are 9I days and
Average rates of discount on the
132 days respectively.
new bills were as follows:
-
(Continued)
April 1962
SUMHAEY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
Period
receipts
1/
Expenditures
1/
Surplus,
or
deficit
(-)
Levels, end of period
Net of
Net
trust
account
and other
transactions
2/
increase
Net
in
increase in
Treasurer's
account
balance, or
decrease (-)
Clearing
account,
etc. 2/
public
debt , or
decrease
(-)
Debt outstanding
Treasurer'
account
balance
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
i/
Fiscal yeers:
1%8 1/
I'-'ul
41,375
37,663
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
1962 (Est. ).
1963 (Est.).
93,000
1949 i/
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
Calendar years
1948
1949
1950
1951
1952
1953
1954
1955
1956
80,342
76,539
31,515
8,419
-1,811
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
89,075
92,537
-6,975
463
37,235
52,877
64 705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78 157
35,559
^1,056
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
5,241
-3,592
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
-6,30(>
-259
267
1,092
-691
23
-698
234
3,128
6,454
8,981
6,172
6,803
6,793
-3,044
-349
2,188
-95
-567
-124
125
-521
607
2,008
334
-249
-1,006
-1,104
2,423
6,998
5,894
8,317
288,338
288,672
288,423
134
157
161
288,472
288,829
288,584
288,068
288,425
288,181
2,823
6,300
7,643
6,829
6,773
6,847
-4,006
-473
796
80
368
-221
217
-663
202
2,063
-73
-197
-1,645
-841
580
6,672
5,831
6,411
290,487
290,414
290,217
159
153
156
290,646
290,567
290,373
290,244
290,165
289,971
4,846
6,537
8,524
6,470
6,236
7,012
-1,624
301
1,512
-185
712
-629
408
-58
692
-181
508
-3,072
-1,582
1,463
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,196
290,740
287,682
289,796
290,340
287,284
5,125
6,450
7,169
7,961
-1,325
-702
2,870
24
49
-14
25
516
2,158
-1,175
-761
1,128
1,532
4,034
5,162
6,694
287,987
-377
-149
288,971
219
225
240
288,206
290,371
289,211
287,809
289,975
288,862
6,322
7,631
-66
-120
44
-129
-498
3,433
1,310
682
35
-101
-572
2,936
6,593
6,020
8,956
292,404
293,714
293,750
239
249
271
292,643
293,964
294,020
292,199
293,521
293,579
1,911
1,350
-842
-2,759
63
234
6,197
6,261
6,494
295,660
297,011
296,169
299
315
330
295,959
297,325
296,499
295,520
296,886
296,061
-1,513
644
1,293
4,981
5,626
6,919
296,513
296,983
296,088
347
296,860
297,354
296,489
296,422
296,917
296,054
82
,
100
40,800
37, 46-,
,
1957
1958
1959
1960
1961
,
32,955
39,474
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
592
-7,088
-7,040
1,953
-294
-495
99
679
147
435
328
231
-194
195
633
-329
-50
-602
33
-248
-229
-502
311
815
-41
101
739
-507
366
483
-214
-401
-250
-303
284
530
-6
-145
507
-5,994
478
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
1,624
-1,462
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
4,932
3,470
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
252,292
252,770
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
-151
234
6,399
-450
-694
6,000
6,000
295,370
294,920
199
234
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
-4,100
4,331
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
1,111
471
-447
62
1,770
-1,488
603
-635
-117
179
5,952
355
622
828
83
4,208
4,679
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
252,800
257,130
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
522
-523
140
240
252,366
252,798
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
251,542
252,028
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
465
649
295,835
295,569
295,495
295,239
55
103
104
109
127
156
330
252,854
257,160
256,731
259,461
267,445
275 ,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
252,057
256,413
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
73
27
20
29
46
52
81
44
74
107
101
111
30
24
42
54
76
34
53
Months:
1960- July
Aug
Sept
Got
Nov. ...
Dec
1961-Jan
Feb
Mar. ...
Apr. ...
May
June,
.
.
6,467
10,831
July
Aug
Sept
2,982
6,367
8,945
6 7~1
-3,340
-1,265
2,174
Oct
Nov
Dec
3,141
6,424
7,967
7,796
7,485
7,160
-4,655
-1,060
807
-154
317
258
140
-543
1962- Jan
Feb
5,357
6,729
9,104
7,395
6,858
-2,038
-129
-1^2
333
345
381
-78
7,749
1,356
-145
978
470
-896
Mar
,
10
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 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
1963 Budget document, released January 18, 1962, including effects of
proposed legislation. More detail for data on this page will be found
in succeeding tables.
1/ Fiscal year figures beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (see pages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
2/ Excess of receipts, or expenditures (-). For detail, see pages 9 - 13.
2/ 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
V
2/
290, U6
371
402
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, or decrease (-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion, on June 26, 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; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; $293 billion, on July 1, 1960; and $298
billion on July 1, 1961. From March 13, 1962, through June 30, 1962,
the limit is $300 billion. Thereafter it will revert to $285 billion.
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f ) of the Economic Cooperation Act of
1948 (62 Stat. 15(7), are consolidated with budget expenditures.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
April 1962
^BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
RealisaDividends tion upon
and other loans and
earnings investments
Fiscal year
or month
195^
1955
1956
1957
1958
1959
1960
1961
2,311
2,559
3,006
2,749
3,196
3,158
4,064
4,082
458
408
554
628
745
601
967
942
674
506
1,111
805
240
274
296
328
328
587
436
1,012
1962 (Est.)
1963 (Est.)
3,526
4,194
947
978
751
804
407
668
1961-July..
Aug...
Sept .
260
242
249
70
63
60
63
Oct...
Nov. ,
Dec . .
198
118
537
7
4
315
1962-Jan...
Feb...
269
198
87
22
49
2,071
563
1962 to date.
51
7
361
252
291
438
Recoveries and
refunds
Sale of
Sale of
Governprodment
ucts
property
etc.
221
363
480
387
345
325
2/
10/
11/
55
57
81
208
225
194
160
161
133
111
100
83
212
194
28
86
93
325
94
93
96
114
67
40
62
255
104
107
227
307
120
124
6
6
4
-17
392
343
109
133
344
370
360
390
58
10
6
11
6
12
20
26
19
33
55
21
7
7
25
15
18
23
26
28
11
7
6
8
10
410
471
266
322
343
114
182
93
73
29
23
49
59
44
53
45
47
49
49
53
54
37
-43
56
18
25
24
10
16
23
50
11
56
14
32
7
486
284
85
153
253
58
77
60
5
9
Footnotes to Table
7/
8/
Fees and
other
Royalcharges
Rents
ties
for
services,
221
253
313
312
304
350
374
330
323
Source:
Actual figures are from reports to the Treasury Department by
disbursing officers and administrative agencies, on the monthly statement reporting basis (see page Il)j estimates are from the 1963
Budget document, released January 18, 1962, including effects of
proposed legislation.
l/ Consists of miscellaneous taxes (principally the tonnage tax on foreign
6/
Seigniorage
Fees for
permits
and
licenses
Figures shown include (see footnote 8) increase in income tax withheld of $109 million in October, decrease of $4? million in January;
decreases in income tax not withheld of $2 million in October and
$6 million in January; decrease in transfers to Federal Old-Age and
Survivors Insurance Trust Fund of $105 million in October, increase
of %^9 million in January; and decrease to Federal Disability Insurance Trust Fund of $2 million in October, increase of $3 million in
January.
Interest on refunds is included in expenditures in Table 3.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. 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 (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 Soci&l Security
Administration. The amount of old-age insurance tax refunds is
reimbursed to the general fund by the trust fund.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to the
Federal Old-Age and Survivors Insurance Trust 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.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under 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. Figures for 1954
exclude the Government's contribution for creditable military service
(45 U.S.C. 228c-l (n)).
The Employment Security Act of 1960, approved September 13, I960 (74
Stat. 970) established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account, beginning
2/
*
1
12/
1^/
UJ
15/
16/
XU
*
45
36
64
59
66
69
79
90
Adjustment to
Fines,
penalties Other monthly
stateand for- 1/
ment
feitures
2/
13
15
66
20
23
23
16
14
13
12
12
11
13
6
9
6
+1
54
30
±
vessels entering U, S. ports), bullion charges, and gifts and contributions,
Difference between the total shown in the monthly statement of receipts
and expenditures of the Government (based on preliminary reports) and
that from final accounts of disbursing officers,
Less than $500,000,
-
(Continued!
with the fiscal year 1961, amounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred currently on the basis of estimates by the Secretary
of the Treasury, with later adjustments as necessary. From that
account are to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures. Refunds of
taxes are to be reimbursed from the administration account.
The Highway Revenue Act of 1956, approved June 29, 1956 {23 U.S.C.
120, Note) established a Highway Trust Fund from which are to be made,
as provided by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before July 1, 1972. The act appropriated
to this 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
inclosed by the act and rates were increased for the other taxes.
Previous to the fiscal year 1957 corresponding excise tax receipts
were included in net budget receipts and Federal-aid highway expenditures were included in budget expenditures.
For content, see Table 4, These transactions are included in the
detail of both budget receipts and budget expenditures, but are
deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote I4).
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 8).
Beginning fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the
transfers of tax receipts shown herein, and are now included with
refunds of Internal Revenue receipts, applicable to trust accounts.
Reflects gross amounts based on reimbursements by trust accounts for
refunds of taxes which were made in previous months or fiscal years.
Less than $500,000.
Treasury Bulletin
.
BUKJET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Legislative
Branch
Judiciary
Executive
Office
of the
President
28
59
65
85
195-1
1955
1956
1957
1958
97
99
30
37
39
44
9
9
10
10
11
5,282
4,381
4,473
4,115
4,081
47
49
56
56
52
70
4,109
1,757
1,808
1959
1960
1961
118
126
134
1962 (Est.)...
1963 (Est.)...
161
59
32
U8
63
22
12
16
4
4
6
7
September
10
4
3
October.
November.
December,
13
5
-1
l-i
4
2
12
5
1
1961- July
August..
1962-January.
February.
March. ...
1962 to date.
Fiscal year
or month
16
5
11
12
4
115
40
Health,
Education,
and
Welfare
Department
Funds
appropriated
to the
President
6,473 1/
6,791
6,982
7,707 2/
8,305
V
9,315
9,013
10,291
806
973
523
570
425
-615
129
Agriculture
Department
Commerce
Department
1,000
1,077
1,293
-23
199
2,915
4,636
5,177
5,006
4,875
359
408
387
1,152
309
502
7,091
5,419
5,929
382
539
39
562 2/
645
498
Military
Civil
functions
40,336
35,532
35,791
38,439
39,062
605
548
573
639
733
41,233
42,824
44,677
807
902
971
11,132
11,948
501
578
940
1,383
7,177
6,709
650
815
48,250
49,700
1,015
1,071
121
153
157
836
1,105
363
24
40
43
107
520
763
482
66
43
43
3,205
3,808
3,647
64
64
14
114
161
160
963
946
893
36
128
118
-1
989
539
605
61
46
43
3,837
4,035
4,072
99
93
78
162
139
195
991
978
971
51
99
447
426
45
51
4,044
75
27
3,865
67
41
34
542
43
4,338
71
23
1,534
8,545
342
614
441
34,852
736
Labor
Department
Post
Office
Department
5
32
47
51
5,313
Treasury Department
Interior
Department
Justice
Department
Less:
State
Department
463
518
674
156
136
142
179
206
6,382
6,370
6,787
7,244
7,607
83
62
54
57
74
272
247
258
7,593
9,180
8,957
69
76
33
183
182
216
214
229
355
394
412
1959
1960
751
690
250
258
284
1,016
549
1961
3,092
3,403
3,685
331 11/
774
525
914
1962 (Est.)
1963 (Est.)...,
4,469
5,183
873
1,031
298
563
386
853
261
453
1961- July
August . . .
September.
325
66
106
92
23
25
29
50
78
7
418
80
25
October. .
November.
December,.
361
339
320
88
74
74
68
22
22
25
125
103
1962-January. ..
February.
March. . .
421
369
63
77
24
23
99
-221
370
72
35
1962 to date,,.
3,235
703
226
801
304
53
of
On
refunds
of taxes
535
515
512
572
666
418
567
District
Interest
On
public
debt 6/
^
1,981
1,993
2,071
2,295
2,645
312
356
93
37
342
20
Other
873
368 1/
379
748
765
2,178 10/
875
937 IQ/
Columbia
2/
Total by
agencies
Interfund
transactions
8/
98
92
Total
budget
expenditures
2/
13
22
22
26
25
67,772
64,570
66,540
69,433 2/ 2/
71,936
235
181
467
567
67,537
64,389
66,224
68,966
71,369
31
80,697
77,233
32,169
355
694
654
80,342
76,539
81,515
89,732 12/
93,230 12/
656
693
89,075 12/
92,537 12/
23
50
8,900
9,300
985
1,043
90
765
730
727
74
20
91
77
3
85
9
315
6,381
7,681
6,774
59
49
7,805
7,485
7,346
9
1
3
6,322
7,631
6,771
713
740
731
225
123
75
2
186
7,796
7,485
7,160
102
77
77
11
12
303
755
733
7,480
6,873
7,751
34
16
2
7,395
6,858
7,749
271
6,746
749
61
65,575
409
65,167
29
46
39
18
32
20
30
31
87
26
54
141
415
552
Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the 1963 Budget document, released January
18, 1962, 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
by functions on a consistent basis, see Table 6. Agency shifts are
reflected 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 "Commerce Department," and Federal intermediate credit
banks and production credit corporations as indicated in footnote 2;
beginning 1953, Federal Facilities Corporation (remaining functions)
from "Treasury Department" to "General Services Administration," and
Informational Media Guaranty Fund from "Funds appropriated to the
Source;
V
Defense Department
Housing
and Home
Finance
Agency
2,171
2,421
1954
1955
1956
1957
1958
313
General
Servicer
Administration
Independent
Offices
55
2
4
President" to "Independent offices"} beginning 1959, Federal Civil
Defense 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"; beginning 1960, military assistance from "Funds
appropriated to the President" to "Defense Department, military,"
pursuant to budgeting instruction in the Mutual Security Act of 1959,
approved July 24, 1959 (22 U.S.C. 1813).
1/ Reconstruction Finance Corporation is included under "Independent offices" 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, b^ Reorganization Plan No. 1 of 1957, and its remaining
functions were transferred to the Housing and Ifome Finance Administrator, Administrator of General Services, Administrator of Small Business
Administration, and Secretary of the Treasury.
Remaining footnotes on following page.
April 1962
.BUIGET EECEIPTS AND EXPEMDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget ftecelpts and Budget Expenditures
Treasury Bulleiin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of February 28, 1962
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Unexpended
balances
brought forward
July 1, 1961
2/
Agency
V
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent off ices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Trea sury Depa rtment
District of Columbia - Federal payment and loans to
Total
78,220
Additional, fiscal year 1962 to date
Injrease
Appropriations
2/
Authorizations to
ejcpend from debt
receipts ^/
58
58
29
2,373
11,078
590
29
2,373
11,515
590
749
5,510
810
-34
28,584
2,598
47,700
1,600
1,010
47,700
1,600
34
1,010
-2
4,048
901
295
632
4,048
375
Expenditures
Deduct;
129
500
-63
555
431
-237
4,770
735
793
17
911
295
632
875
283
10,164
875
283
10,164
62
62
-285
87,952
Certain interfxind transactions
Rescissions,
cancellations,
and other
adjustments Jj
Undisbursed
appropriations
22
168
575
300
580
771
398
16
109
26
17
4,613
7,965
674
665
2,033
828
29,858
657
668
11
46,459
3,541
695
35
51
5
83
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
27
8,028
3,840
300
55
544
3,356
884
51
240
2,662
718
85
U2
501
797
155
9,562
104
797
155
3,598
104
61
12,932
5,923
1,368
705
W
142
501
361
411
259
6,908
26
17
4,951
13,184
674
46,459
3,541
10
2,661
622
2,865
635
192
2/
135
338
9,620
Total
8/'
*
5,965
-4 2/
178
76,2
28,111
3,814
1,428
109,560
407
57,418
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".
Includes same categories as shown at end of current period.
Although not expended, a substantial portion of these amounts is
2/
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations.
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 (to 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.
Consists of transfers between appropriations; net borrowings from
6/
V
V
89,342
Unexpended balances February 28, 196^
104
57,825
Total budget expenditures
6/
UK
3,746
14,295
389
12,846
5,184
971
Agency
Total
^
137
1,479
440
38
231
333
131
6,309
111
,
Transfers,
borrowings
investments
113
Deductions, fiscal
year 1962 to date
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
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Trea sury Depa rtment
District of Columbia - Federal payment and loans tc
Adjustment to monthly statement of receipts and
e:cpenditures of the Government
Other
authorizations
ij
^
^
*
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 sxirplus
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.
This adjustment represents the difference between this report
based on accounts submitted by certain disbursing officers and
corresponding preliminary data used in the Monthly Treasury
Statement.
Less than $500,000.
April 1962
-BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1962 through February
Function
code
number
Function
1957
1958
1960
Expenditures
15/
Unexpended
balances end
of period
1/
Major national security
Military defense (military functions)
Military assistance
Development and control of atomic energy
Stockpiling and defense production expansion
:
061
062
066
067
Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance
Foreign information and exchange activities
151
152
153
Total international affairs and finance
Veterans' services and benefits:
Veterans* education and training 2/
Other veterans' readjustment benefits J/
Veterans' compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
101
102
103
104
105
106
Total veterans' services and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education
Promotion of science, research, libraries, and museums
Correctional and penal institutions
Other welfare services and administration 6/
211
212
213
^
^.
development of land and^ water resources..
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration
Total general government
Footnotes at end of table.
157
1,683
133
173
1,910
149
1,973
2,231
774
175
699
168
3,104
43
856
156
4,793
400
126
2,870
47
801
46,459
3,541
2,210
312
29,859
657
1,800
23
46,426
45,627
47,413
32,339
,392
237
3,403
139
219
1,477
137
217
2,126
158
225
1,781
120
14,525
189
3,780
1,833
2,501
2,125
14,771
574
406
54
3,622
25
1,030
179
97
113
2,464
921
193
383
136
3,3368
33
961
179
5,026
5,174
5,060
458
1,797
546
319
844
1,969
704
468
119
177
3,275
35
*
182
57
736
119
37
1,252
107
581
86
5,262
3,577
2,116
671
2,170
939
559
243
49
279
1,681
749
407
161
468
48
2U
215
216
217
71
32
201
39
221
279
302
319
205
3,022
3,447
4,421
4,419
4,950
3,516
3,670
3,430
227 2/
267
3,151
239
297
5,126
315
3,278
246
330
3,472
349
301
3,091
137
199
3,547
897
1,124
448
255
547
291
692
293
727
322
673
215
203
241
4,389
6,529
4,838
5,172
4,315
1,183
201
71
68
86
60
1,235
,396
331
61
73
91
1,074
204
56
1,700
140
41
54
59
38
1,138
174
59
60
69
43
1,297
1,544
1,669
1,713
365
392
31
315
89
674
78
51
436
30
494
145
774
108
97
228
115
49
66
21
,085
2,109
351
352
353
354
355
,558
374
227
4,525 2/
401
402
403
404
405
409
510
511
512
513
514
515
516
517
518
519
520
521
Total commerce, housing, and space technology
General government:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and recoi-ds management
Central personnel management and employment costs lA/
Civilian weather services
Protective services and alien control
Territories and possessions, and the District of Columbia.
Other genera 1 government
44,142
43,228
1,449
2,713
23
1,532
518
466
38
77
Tota 1 natura 1 resources
Commerce, housing, and space technology:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Postal service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
43,270
41,215
1,609
2,623
180
469
292
Total agriculture and agricultural resources
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
41,233
2,340
2,541
490
39,062
2,137
2,268
625
411
2,061
818
569
211
46
Total labor and welfare
Agriculture and agricultural resources:
Stabilization of farm prices and farm income 7/
Financing farm ownership and operation 8/
Financing rural electrification and rural telephones
Conservation and development of agricultural land and
water reso'xrces 6/
Research, and other agricultural services 6/
38,439
2,352
1,990
925
163
62
51
40 10/
219
76
518
49
60
-60
59
45
65
21
1,455 10/
601
602
603
604
605
606
607
608
609
610
72
34
250
139
58
46
220
65
68
74
51
38
568
401
525
130
134
279
95
58
566
36
716
744
914
164
150
307
152
67
41
92
138
27
1,498
2,137
437
26
789
92
943
1,584
797
5,562
1,601
8,408
3,836
512
679
411
150
98
395
186
63
17
34
46
-1
58
3,421
2,782
3,883
2,983
23,972
102
109
49
118
12
13
611
370
89
35
9
113
29
8
280
633
135
89
106
159
90
40
44
47
9
10
476
194
627
38
187
77
239
140
39
199
12
566
291
205
558
367
211
46
216
217
91
28
1,695
502
55
35
571
51
20
89
30
1,790
1,359
1,606
75
(Continued on following page)
54
31
7_
52
311
56
240
123
294
441
284
167
42
161
122
36
52
12
1,931
1,402
1,563
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITUKES
Table 6.
Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
-
(Continued)
April 1962
TRUST ACCOUNT AND OTHER TRANSACTIONS,
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Treasury Bulletin
10
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, etc.
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
3,405
1954
1955
1956
585
4,487
1957
1958
1959
1960
1961
,
5,551
6,723
8,116
9,454
11,152
11,752 J/
1
181
371
571
746 2/
Unemployment
Trust
Fund
1,745
1,965
1,393
1,64^
3,148
3,054
2,736
611
682
730
778
1,136
1,124
4,734 2/
National
Service Life
Insurance
Fund
V
Government
Life
Insurance
Fund
Federal
employees*
retirement
funds
623
538
512
515
544
562
582
707
120
80
83
94
411
430
507
591
699
792
896
955
147
84
87
86
Highway
Trust
Fund
966
1,602
2,709
3,049 2/
2,620 2/
Federal National
Mortgage Assoc. 1/
Financing by
Treasury
-93
-94
41
3
1,066
1,150
1,126
1,144
3,841
3,894
649
605
100
69
1,063
1,172
3,026
3,252
1961- July
August , , .
September.
995
1,030
1,051
77
78
79
94
103
249
141
39
32
34
4
85
86
85
232
298
284
-18
-20
30
October. .
November..
December,
1,046
1,065
1,009
84
82
142
103
102
36
32
5
91
89
86
303
290
227
-70
-83
1,086
1,096
1,117
84
94
100
101
89
86
92
222
134
153
1962-January, .
February.
March,, .
85
89
87
Trust account,
etc. - (Cont.)
Fiscal year
or month
Other
trust
accounts,
Total
trust
accounts,
etc. 2/
etc.
7,327
8,489
9,197
12,743
16,159
18,605
21,903 2/
23,342 2/
315
332
267
272
319
422
402
398
32
4
4
58
7
49
6
55
6
Investment in
public debt
securities
Redemption of
agency
obligations
in the market
Total
-437
-437
99
334
39
»
1962 (Est.)
1963 (Est.)
867
859
25,813
26,786
-153
191
-361
-500
34
-83
-106
117
-41
-70
-305
126
170
180
10
58
-Ul
-76
274
1961- July
August . . .
September.
8/
170
548
39
460
-70
239
434
-269
-872
-86
167
-1,222
-723
-195
92
1,928
2,043
2,129
October,.
November,
December,
101
67
29
2,043
2,010
2,074
-77
205
-320
1962-January, ,
February.
82
61
2,292
2,050
2,121
400
-72
122
342
-200
March
67
91
Source;
See Table 1,
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U,S.C, 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
2/ See Table 1, footnote 4.
2/ See Table 1, footnote 5.
See Table 2, footnote 6,
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against Increment on gold; and
trust enterprise funds (net). The Railroad Unemployment Insurance
Administration Fund is included for the period 1954 through November
1958 (see Table 10, published quarterly), the Employees' Life Insurance
Fund (net) from its establishment in August. 1954, and the Employees'
Health Benefits Fund (net) beginning 1961.
6/ For content see Table 6, These transactions are included in the detail
V
^
Other
deposit
fund
accounts
Other
expenditures
483
425
565
915
672
711
698
10/
856
470
7
41
53
58
76
91
84
65
-32
84
59
27
-6
Deposit fund accounts (net)
Government-sponsored enterprises
1954
1955
1956
1957
1958
1959
1960
1961
12/
5
9
206
929
102
176
946
-73
-42
42
-16
13,219
14,171
1962 (Est.)
1963 (Est.)
Other
operations
'
10
-8
-620
1,277
479
-224
7
-16
-5
15
11/
11/
-313
-16
-132
2/
Total
deposit
fund
accounts
-121
56
229
224
-98
-558
6
-9
-102
191
-97
176
11/
11/
56
238
216
-91
-23
105
6,769
8,545 2/
9,435
12,959
16,068
18,595
21,301 2/
23,533 2/
25,790
26,891
Less:
Intertrust
fund
transactions 6/
18
16
12
10
11
135
Net trust
and deposit
fund
account
expenditures j/
515
6,751
8,530
9,423
12,950
16,057
18,461
20,893
23,018
473
498
25,317
26,393
908
-46
-45
1,884
12
1,872
31
25
8"
2,068
2,218
20
2,048
2,203
2,013
1,976
1,937
19
18
2,330
2,041
2,053
8
15
97
-9
-12
-4
-20
-30
-34
-133
-136
-10
-,8
38
35
-43
-78
-8
-68
10
2/
Total trust
and deposit
fund account
expenditures
15
3
14
1,994
1,958
1,934
2,322
2,027
2,040
of both trust receipts and trust expenditures, but are deducted from
2/
8/
2/
10/
11/
•
the totals,
Excludes certain intertrust fund transactions consisting principally
of financial interchanges between trust funds resulting In receipts
and expenditures (see footnote 6).
Excluded from deposit fund account expenditures and included with
similar security transactions of other agencies (see Tables 4 and 5).
Includes security transactions of Government-sponsored enterprises
beginning 1955 (see Table 1, footnote 2),
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-sponsored
enterprises.
The combined estimates for "Government-sponsored enterprises, other
expenditures" and "Other deposit fund accounts" are $491 million for
1962 and $414 million for 1963.
n.a.
Less than $500,000.
Not available.
April 1962
11
TRUST ACCOUNT AND OTHEK TRANSACTIONS.
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
Total
2,054
1,362 2/
2,617 5/
2,300
197
-1,112
714
435
Total
trust
accounts
1,688 2/
1,236
2,516 5/
2,263
106
-1,214
Federal
Old-Age and
Survivors
Insurance
Trust Fund
236
1,522
1,241
1,463
220
-499
-1,290
-726
-225
548
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
202
141
121
Unemployment
Trust
Fund
552
36
-33
-35
494
285
264
-78
-248
-545
258
274
-1,255
-1,011
-41
-952
V
325
729
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees
retirement
funds
Highway
Trust
Fund
23
73
135
89
95
76
62
-44
-65
-16
-16
-56
-17
-21
-35
252
314
548
803
671
958
871
,063
53
-46
-20
998
951
-10
91
-1
Federal
intermediate credit
banJcs 1/
Other
tmst
accounts
1
14
8 5/
404
418
-393
-428
233
99
-100
28
36
45
72
41
1962 (Est.).
1963 (Est.).
169
1,813
-120
1,470
-895
68
39
38
-22
19
-250
251
1961 -July..
August
-780
1,397
-662
-827
1,377
-635
-536
774
-353
-22
72
-11
-86
-19
-23
-128
439
-208
-94
-30
51
-7
2
-3
-3
114
1
15
-65
25
-3
12
October.
November
December
-828
191
-540
-847
210
-539
-667
-31
8
-78
-90
-21
-47
-110
220
-106
6
5
-3
-3
-4
50
50
-22
-67
20
-14
69
1
-3
1962 -January.
Februa ry
March, .
-1,137
437
-13
-1,141
404
23
-828
357
61
-57
-69
-34
-16
-267
-35
-179
-3
-11
-9
-4
-4
-4
65
54
5
18
38
1
61
98
-3
September
32
-369
38
14
3
-2
13
74
Treasury Bulletin
12
TRUST ACCOUNT AND OTHER TRANSACTIONS-
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
Public enterprise funds
Fiscal year
or month
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
Total
-1,08^.
October...
November,
December.
1962- January. .
February.
March
-33
-VI
-Kj
733
-100
1962 (Est.).
1963 (Est.).
1961-July
August.,,.
September,
Total
guaranteed
- i^
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D,
C.
stadium
fund
Total not
guaranteed
Total
public
and trust
enterprise
funds
Public enterprise funds
Federal
intermediate
credit
banks 1/
Federal
National
Mortgage
Association 2/
Home
Owners'
Loan
Corporation
April 1962
13
TRUST ACCOUNT AND OTHHl TRANSACTIONS
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
1954
1955
1956
1957
1958
1959
1960
1961
124
600
332
1962 (Est.)
1963 (Est.)
340
375
Federal Disability
Insurance
Trust
Fund 1/' 2/
Railroad
Retirement
Account
1/1/
.
District
of
Columbia 6/
2
10
7
3
3
5
3
2
9
10
10
12
12
12
473
498
86
66
42
32
55
11
19
.
14
October. ,
November
December.
.
17
1962 -January.
February.
7
14
1
12
1
20
1
15
1
19
18
1
1
.
Total
18
16
12
10
11
135
908
515
211
132
12
12
March
Source: See Table 1.
1/ Payments are made between the Railroad Retirement Accoxmt and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Includes teii5)orary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
Federal
employees
retirement
funds 5/
12
1961 -July
August
September,
.
Unemployment
Trust
Fund ^/
3
8
15
12
^
5/
b/
*
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement
Account. See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability Fund.
Less than $500,000.
Trcasurij Bulletin
IM.
CASH INCCME AND OUTGO
The cash IncoT^e ana outgo dsta appearing In the
Treasury Bulletin, beginning; with the February 195^ lESue,
are on a basis consistent with receipts
to the public
3-K
and payments
froir,
derived In the 1557 sni subsequent "ud^ets
for I963 In Special
In
,
payments on a net basis as reflected In Treasury re-
oorts,
•'ajor Intr.-government.'.l transactions
which art re-
ported as both expenditures and receipts are ellTilnated
froa both.
Noncash Items which represent accrued obllga-
of the United States (In the Budge't
tlcno of the Government to
Reconciliation to cash deposits and withdrawals In the account of the Treasurer of the United
States Is shown on the saxe basis as In the Budget docurr.ents.
There Is also shown the amount of net cash borrow-
also eliminated from expenditures but are added later wlien
Analysis B).
these arrangeir.ents,
classifications are
therr.
ss
public debt transactions and also net borrowing by Government agencies and Government-sponsored entercrlses tl'j'ough
ii.onth.
ncr.rly com-Rrable vlth Current Budget
For
tiils
published In earlier Budget docunents as well
.,s
In the
sales of their own securities.
It excludes changes In the
"ubllc debt which do not represent direct cash borrowing
from the public.
The net effect of all these transactions
with the oubllc Is reflected In changes In the balance
In the
Treasurer's account
a.nd
In cash held outside the
Treasury.
Bulletin.
Bud£;et series of c;;sh tr:-nsactlons
to provide
.rjifl
Inf --'rT.at ion on thf flow of
.v.oney
the Federal jovernaor.t as a whole,
is designed
Cash transactions through the Treasurer's account
between the
are similar In general concept to those Included in the
ar.d
therefore
Includes transactions not cleai-ed through the Treasurer's
account.
Federal cash borrowing from the
Figures
available nicnth by
classifications as available drta will perT.lt.
public
received from the public.
data In rccordance with the Bucket
!r.ade
reason certain of the figures differ so.-newhat from those
Tiie
Receipts from the exercise of
monetary authority are excluded as not representing cash
public Includes net borrowing by the Treasury through
the public.
for back years hr.ve been fevlsed where necessary in order
to xake
actual payments are made.
payments In the future are
By
or repayment of borrowing tc,
ing from,
mfute
Receipts and
p:,yii,ents
In bud.jet accounts and In trust
Include transactions both
.-no
decoslt fund accounts.
Cptratlons of jovernijent-sponsored enterprises :Te Included
Budget series,
but are limited In coverage tc trf.nsac-
tlons which affect the balance In that account.
other hand,
they Include receipts from
T.onetary authority,
thi-
On the
exercise of
which are excluded from recelptK fro:n
the public In the Budget series.
15
April 1962
.
CASH INCCME AND OUTGO
,
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
l6
Treasury Bulletin
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from
the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the
United States
(In millions of dollars)
Receipts (net)
Fiscal
year
or month
1/
Trust
account
Budget
Less:
Intragovem.
mental
transactions
(See Table
Total
5)
1954
1955
1956
1957
1958
1959
1960
1961
1962 (Est.)
1963 (Est.)
1961- July.
Aug...
Sept..
Oct
Nov,
.
Dec
1962- Jan
Feb....
Mar. . .
V
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
9,137
9,521
11,673
14,359
16,319
16,950
20,534
23,583 6/
73,557
69,729
79,523
84,921
84,869
84,865
98,298
101,243 6/
2,767
2,917
82,100
93,000
24,288
27,249
106,388
120,249
3,698
3,596
1,002
3,292
1,478
3,984
9,659
10,423
188
294
180
2,982
6,367
8,945
V
y
1,858
1,865
2,412
3,161
3,167
3,946 6/
Deductions from receipts
Excess
profits
tax refund
bond redemptions
2/'
Receipts
from
exercise of
monetary
authority
^
73
Total deductions
Equals:
Federal
receipts
from the
public
1/
&/
55
67
40
3,765
3,636
3
7
192
302
187
59
44
53
8
Adjustment for
Plus;
Receipts net difference
from exercise
due to reportof monetary
ing method (see
authority 2/
also Table 4)
71,626
67,836
77,087
82,105
81,892
81,660
95,078
97,242
102 ,623
116,614
73
115
-106
-31
-279
29
23
49
59
U2
44
-93
-269
-400
53
55
67
40
116,654
3,793
-175
755
9,357
10,236
-564
979
2,438
1,484
4,120
8,862
9,451
239
304
577
9
248
-276
308
583
3,872
8,554
8,868
9
3
3
745
-1,024
5,357
6,729
9,104
866
6,224
9,472
10,932
250
-98
245
6
2,743
1,828
256
-96
247
5,968
9,567
10,685
6
3
2
7
3
354
-69
2
945
Source:
See Table 1. Details of basic receipt figures appear in
preceding sections in the Bulletin.
Footnotes follow Table
7.
Table 4.- Derivation o f Federal Government Payments to
the Public, and Reconciliation to
Cash Wlthdrawa Is from the Account of the Treasu rer of the
United States
(In millions of dollars)
Expenditures
Fiscal
year
Budget
1/
Trust
and
deposit
fund
account
1/'
1954
1955
1956
1957
1958
1959
1960
1961
,
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
1962 (Est.).
1963 (Est.).
89,075
92,537
1961- July. .
Aug....
Sept...
6,322
7,631
6,771
Oct....
7,796
7,485
7,160
Nov.
. .
Dec...
1962-Jan
Feb.
Mar
. .
7,395
6,858
7,749
7,186
Governmentsponsored
enterprise
(net) 2/
71,815
67,758
77,079
81,875
82,094
81,612
94,862
96,897
102 ,690
3,141
6,424
7,967
7
Equals:
Cash
deposits
in the
Treasurer'
account
v
1,931
1,894
2,436
2,816
2,976
3,205
3,220
4,001 6/
29
23
49
Reconciliation to cash transactions in Treasurer's account
3,621
10,120
9,679
3,605
9,302
7,851
6,327
9,501
11,632
...,
17
April 1961
CASH INCCME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Fiscal year
or month
Budget receipts which
are also
trust fund
expenditures
1/
Budget receipts
which are also
Governmentsponsored
enterprise
expenditures
2/
Trust fund receipts which are
also budget expenditures
Interest on
investment in
public debt
securities
521
695
681
10
10
746
747
841
846
819
1,619
10
10
863
860
1,324
1,119
3,698
3,596
4
23
24
61
73
73
120
186
74
188
294
180
36
31
311
71
62
80
125
206
165
239
304
577
250
-98
245
1959
1960
1961
239
261
1,315
1,327
1,404
1,417
1,518
85
1961-July
August . .
September
6
7
October.
November.
December.
5
20
Source:
8
6
5
5
5
6
8
9
71
165
29
67
-206
12
73
155
7
1962-January.
February.
March. ..
1,858
1,865
2,412
2,767
2,917
574
644
662
1,188
1,173
1,207
1,318
X,342
80
Total
Other
167
166
68
81
102
104
221
1962 (Est.)...
1963 (Est.)...
Payroll
deductions for
employees'
retirement j/
430
439
WS-l
1955
1956
1957
1958
69 2/
Interest
on uninvested
trust
funds
6/
Footnotes follow Table 7.
See 'Table 1.
from Payments
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded
(In millions of dollars)
Noncash expenditures involving issuance
of public debt securities j/
Fiscal year
or month
Net accrued
interest on
savings bonds
and Treasury
bills 1/
Clearing
account for
public debt
interest 2/
524
1Q54
1955
1956
1957
1958
497
26
456
388
254
-15
1959
1960
1961
801
341
222
1962 (Est.)
1963 (Est.)....
500
575
1961-July
August ...
September
150
October,.
November,
December.
1962-January..
February.
March.. ..
234
91
87
231
6
3,161
3,167
3,946
2/
Treasury Bulletin
Ig
.
CASH INCCME 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
Fiscal year
or month
Public debt
increase, or
decrease (-)
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
1954
1955
1956
1957
1958
1959
1960
1961
2,640
Plus:
Net sale of obligations
of Government enterprises in
the market
Public and
trust enterprise funds
Government
sponsored
enterprises
-U
11
602
173
1,085
567
269
872
71
1,023
-733
86
-167
36
7,977
-1,245
-827
1,377
-635
47
20
-27
-83
-106
117
4,362
-847
210
-539
19
-19
-77
205
-320
2,839
1,124
144
400
-72
342
1,345
84
32
41
70
35
108
305
1,911
1,350
-842
33
-10
28
168
Ul
165
102
98
-122
55
200
March
3,130
2,454
-3,743
-3,392
5,560
10,837
2,418
1,234
-155
191
24
345
446 1/
171
549
41
461
-68
236
432
289
343
3,433
1,310
470
-896
-77
126
101
-120
1,470
1961- July
August . . .
September.
.
Governmentsponsored
enterprises
361
500
,231
1962-January.
February.
1,686 1/
1,236
2,516 2/
2,262
105
-1,215
Public
enterprise
funds
Increase in
securities
held by the
public, or
decrease (-)
551
289
1,222
723
195
6,399
-450
October. .
November.
December.
Trust funds
Equa Is
91
102
166
149
1962 (Est.)
1963 (Est.)
709
Net investment in Federal
securities by Government agencies
Less:
-42
-1,141
404
23
-1
4
34
-36
121
993
-970
.
April 1962
19
,
CASH INCCME AND OUTGO
Footnotes to Table 3
1/
2/
}/
All previously published figures were revised in the September I960
Bulletin to take account of the deduction of certain interfund transactions from both net budget receipts and budget expenditures; and
also in the July 1961 issue, deductions for certain intertrust fund
transactions from both trust account receipts and trust account
expenditures (see pp. 2, ^, 9, and 10). Formerly such transactions
were included in the intragovernmental transactions which were
deducted in deriving receipts from and payments to the public.
Treated as noncash refund deductions from receipts when issued and
as cash refund deductions when redeemed.
Consists of seigniorage and the increment resulting from reduction
in the weight of the gold dollar; excluded from receipts from the
public but included in cash deposits in the Treasurer's account.
^/'
5/
6/
*
Figures in this column differ from those published prior to the
September 1960 Treasury Bulletin because a few additional items of
budget receipts which are also budget expenditures are included in
the interfund transactions deducted from budget receipts and budget
expenditures (see footnote l).
Adjusted for reclassification of certain repayments of advances from
the general fund.
Beginning fiscal 1961, principal amounts for refunds of taxes applicable to trust accounts, formerly included with trust account
expenditures, are deducted from trust account receipts.
Less than $500,000.
Footnotes to Table 4
1/
2/
See Table 3, footnote 1.
Net operating expenditures, or receipts (-), as measured by funds
provided by or applied to net security transactions reflected in
Treasury reports (see Table 7). To a large extent, these Governmentsponsored 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 income received from operations to
repayment of borrowing from the public or to investment in Federal
securities. On that basis, net expenditures for operations are shown
in this table in terms of the combined net of disinvestment in Federal
2/
^
5/
6/
2/
securities and sale of agency obligations in the market, and net
receipts from operations are shown in terms of the combined net of
investment in Federal securities and redemption of agency obligations
in the market.
See Table 3, footnote 4.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired securities amoxmting to $1,643,070 (par value).
See Table 3, footnote 5.
See Table 3, footnote 6.
Footnotes to Table 5
1/
2/
2/
Includes reimbursements for administrative expenses by the Federal
Old-Age and Survivors and the Federal Disability Insurance Trust
Funds, and beginning 1961, the Unemployment Trust Fund; reimbursements
for refunds of employment and certain excise taxes (highway) through
fiscal 1960; reimbursement by the District of Columbia; Federal
National Mortgage Association for payment of dividends, interest, etc.,
under secondary market operations; and Federal intermediate credit
bank franchise tax and repayment of capital stock to the Treasxn-y
after December 1956 and before January 1959.
Consists of payment of franchise tax by banks for cooperatives
beginning 1955, and also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by
trust funds and Government-sponsored enterprises. Beginning with
fiscal year 1958 excludes deductions from salaries of District of
Columbia employees, and beginning with fiscal year 1959 excludes
voluntary contributions.
^
5/
6/
7/
Consists of payments to employees' 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 and
other assistance under the agricultural conservation program, and
District of Columbia; and awards of Indian Claims Commission.
Figures in this column differ from those previously published because
budget receipts which are also budget expenditures, and trust fund
receipts which are also trust fund expenditures are no longer included;
see Tables 3 and 4.
See Table 3, footnote 5.
See Table 3, footnote 6,
Less than $500,000.
Footnotes to Table 6
1/
2/
^
^
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
Public debt Interest due and accrued beginning June 30, 1955,
effective date of the change in accounting and reporting from a
due and payable basis to an accrual basis; for 1954, consists only
of public debt interest checks and coupons outstanding; ret increase,
or decrease (-)
Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption; net
issuance, or redemption (-).
Issued in 1936 in exchange for adjusted service certificates held
by veterans of World War I. The bonds matured in 1945.
5/
6/
7/
*
Issued in 1947 in payment for accumulated leave. The last of these
bonds matured in 1951.
Parts of the United States subscriptions to the International
Monetary Fund, the International Development Association, and the
Inter-American Development Bank were paid in nonnegotiable,
noninterest-bearing notes of the United States, payable on demand.
See "Budget Receipts and Expenditures," Table 3, footnote 10.
Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-).
Less than $500,000.
Footnotes to Table 7
1/
2/
2/
In this table, in accordance with treatment in Budget documents, net
investment in United States securities by Government-sponsored enterprises includes a small amount by other enterprises regarded as
In Table 4 under
representing net transactions with the public.
"Trust Account and Other Transactions," these amounts are included
with other trust accounts.
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
4/
5/
6/
1/
»
principal of the public debt, less interest paid on savings bonds
and bills redeemed.
Treated as noncash transactions at the tijne of issuance and as cash
transactions at the tijne of redemption; net issuance, or redenption (-).
Excluded from borrowing because the transactions are treated as
expenditxires in Table 6.
Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 3.
Market transactions in public debt securities and agency obligations.
Less than $500,000.
Treasurij Bulletin
20
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance In the Treasurer's Account
The account of the TreaBurer of the United States
reflects not only budget receipts and expenditures but
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
deposit fund, and public debt transact Ions.
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
their own account as well as for the account of their
customers.
also trust,
branches.
As the balances In these accounts become dethey are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
pleted,
commercial banks throughout the country.
The tax and loan account system permits the Treasury
to leave funds In banks and In the oomaunltles In which
they arise until such time as the Treasury needs the funds
for Its operations.
Dep.jlts to tax and loan accounts occur in the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, pages SyS-SSU-.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federa
Reserve
Banks
Gold in
Treasury
fund
498
410
3,744
4,380
7,068
5,969
5,751
501
489
401
535
504
6,458
408
5,453
101
106
109
1960- Dec ember.
485
5,165
101
1961-July
415
543
348
5,287
4,745
7,754
148
502
4,834
4,930
5,157
September.
October.
November
December
1962-January.
February.
Uarch....
6,207
5,239
5,656
497
493
1959.
1960.
1961.
Au^st ....
Total
operating
balance
4,836
4,365
4,633
4,082
8,218
875
380
522
195A.
1955.
1956.
1957.
1958.
Tax and loan
accounts in
special
depositaries
489
465
362
449
403
3,552
4,172
5,568
5,069
9,030
Silver,
coin, and
Unclassified
collections,
C'orrency
etc.
In Federal
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
Total
assets
V
Balance in
account of
Treasurer
of U. S.
..
April 1962
21
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
1954
1955
1956
1957
1958
3,457
4,424
3,810
2,976
2,824
1959
1960
1961
2,668
2,679
2,787
Savings
notes
2,333
Tax
anticipation
securities
Other
4,304
8,167
786
6,568
13,513
19,898
20,538
23,897
26,709
27,881
4,791
2,967
4,611
4,152
7,903
7,581
7,784
7,613
13,164
7,920
1,788
29,190
33,059
34,511
5,919
6,053
222
1961- July
August
September
229
235
208
October.
November
December.
226
224
225
1,654
1962-January.
February,
March. ...
301
229
220
980
.
Withheld
and
excise 2/
6,861
5,977
6,035
5,043
2,922
1960-December.
.
During period
Income (by
special
arrangement ) _2/
3,442
2,457
Average
High
7,493
7,299
5,486
6,078
8,869
1,649
1,910
45,448
55,044
4,836
4,365
4,633
4,082
8,218
1,103
813
1,078
3,870
3,991
3,373
2,987
3,246
9,U2
58,520
57,496
55,842
62,994
54,782
56,847
3,744
6,458
5,453
8,055
6,458
7,653
912
1,390
1,161
3,638
4,103
4,151
3,242
1,561
5,026
4,379
5,165
5,362
2,084
3,809
1,368
4,158
3,515
37
5,076
4,393
7,422
5,242
4,934
4,413
5,287
4,745
7,754
5,360
5,291
7,754
2,010
1,243
3,808
2,408
3,739
4,582
4,277
3,229
6,U9
4,U3
4,047
5,029
4,834
4,930
5,157
7,344
5,460
5,512
4,834
4,074
2,171
5,924
4,873
3,869
3,552
4,172
5,568
5,197
4,200
2,201
2,484
1,880
3,213
3,500
4,116
1,320
30
41,644
42,074
End of
period
39,879
42,545
38,871
46,000
50,908
3,919
Office of Fiscal Assistant Secretary; figures are on basis of
Source;
telegraphic reports.
Special
depositaries are permitted to make payment in the form of a
1/
deposit credit for the purchase price of U. S. Ctovernment obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Taxes
eligible for credit consist of those deposited by taxpayers in
2/
the depositary banks, as follows: Withheld income tax beginning
Total
credits
Withdrawals
39,
UO
3,491
1,539
5,256
1,453
4,370
29
3,872
1,828
2,764
4,599
5,920
2/
4,369
3,979
4,523
6,184
March 1948; 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 July 1953.
Under a special procedure begun in March 1951, authorization may
be given for income tax payments, or a portion of them, made by
checks of $10,000 or more drawn on a special depositary bank, to
This probe credited to the tax and loan account in that bank.
cedure is followed during some of the quarterly periods of heavy
tax payments.
Treasury Bulletin
22
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Total
Public
debt
Guaranteed
securities
Special notes to
Total
Total
Matured
1/
271,341
274,418
272,825
270,634
276,4^4
284,817
286,471
289,211
195-;
1955
1956
1957
1958
1959
1960
1961
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
107
101
111
140
240
268,990
271,785
269,956
268,592
274,798
281,944
283,380
285,911
81
44
74
268,910
271,741
269,883
268,486
274,698
281,833
283,241
285,672
80
43
106
101
110
139
240
2,351
2,634
2,869
2,042
1,646
2,873
3,090
3,300
73
2,350
2,633
2,868
437
InterInternational national
Monetary Development
Fund
Association
2,042
1,646
2,873
3,090
3,299
589
666
529
597
476
445
349
1,411
1,567
1,742
1,068
618
1,979
2,238
2,496
58
290,373
290,217
156
286,975
286,820
155
3,397
3,396
469
2,469
58
September,
292,643
293,964
294,020
292,404
293, 7U
293,750
239
249
271
289,235
290,907
291,043
288,998
290,659
290,773
237
248
270
3,407
3,057
2,978
3,406
3,056
2,977
315
436
375
2,541
2,071
2,054
58
58
58
October.
November.
December.
295,959
297,325
296,499
295,660
297,011
296,169
299
315
330
293,007
293,918
293,019
292,709
293,604
292,689
298
2,952
3,407
3,480
2,951
3,407
3,480
321
410
463
2,060
2,368
2,388
58
115
115
1962-January.
February,
296,860
297,354
296,489
296,513
296,983
296,088
347
371
402
293,455
293,919
292,885
293,111
293,549
292 ,485
3,405
3,436
3,605
3,403
3,434
3,603
385
396
356
2,390
2,411
2,620
115
115
115
.
.
.
.
March
314
330
344
369
400
InterAmerican
Development Bank
Other
6/
502
1960-Deeeiiiber.
.
^
477
460
444
430
417
407
1961-July
Au^st
-
396
401
-
Guaranteed
securities 2/
(matured)
,
.
.
,,
April 1962
23
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Marketable
Total
interestbearing
public
debt
Total
public
issues
1954
1955
1956
1957
1958
268,910
271,741
269,883
268,486
274,698
226,681
228,491
224,769
221,658
228,452
150,354
155,206
154,953
155,705
166,675
19,515
19,514
20,808
23,420
22,406
18,405
13,836
16,303
20,473
32,920
1959
1960
281,833
283,241
285,672
237,078
238,342
240,629
178,027
183,845
187,148
32,017
33,415
36,723
286,820
242,474
189,015
1961-July.
Aug.
Sept,
288,998
290,659
290,773
244,800
245,086
245,766
Oct.,
Nov,
Dec.
292,709
293,604
292,689
1962- Jan.,
Feb..
Mar..
293,111
293,549
292,485
End of
fiscal
year or
month
1%1
196&-Dec
.
Nonmarketable
Treasury bonds
Certificates
Bank
eligible
Bank restricted
1/
31,960
40,729
35,952
30,973
20,416
71,706
81,057
81,840
80,789
90,883
8,672
33,843
17,650
13,338
27,314
51,483
56,257
39,446
18,442
191,275
191,138
191,925
40,828
40,928
41,939
248,819
249,387
249,169
195,234
195,643
195,965
250,806
250,798
249,676
197,628
197,609
196,524
Total
Bills
Other
bonds
2/
U.
Total
S.
savings
Treasury
bonds
investment
aeries
Depositary
bonds
Other
y
Special
issues
96
71
50
50
50
76,326
73,285
69,817
65,953
61,777
58,061
58,365
57,497
54,622
51,984
12,775
12,589
12,009
11,135
9,621
411
417
310
196
171
84,803
81,247
80,830
50
50
59,050
54,497
53,481
50,503
47,544
47,514
8,365
6,783
5,830
183
170
117
19
44,756
44,899
45,043
51,284
79,794
50
53,459
47,159
6,152
137
11
44,346
13,338
5,509
5,509
56,295
65,048
65,188
79,653
79,289
53,525
53,948
53,841
47,574
47,640
47,670
5,792
5,701
5,551
138
136
149
20
470
471
44,198
45,573
45,007
42,641
43,442
43,444
5,509
5,509
5,509
67,807
71,488
71,526
79,277
75,204
75,486
53,585
53,744
53,205
47,743
47,824
47,458
5,167
5,123
5,074
157
153
154
518
643
519
43,890
44,217
43,520
43,947
44,246
43,043
5,509
12,375
12,370
71,574
64,400
64,538
76,598
76,588
76,573
53,178
53,189
53,152
47,500
47,549
47,569
5,008
4,972
4,840
148
146
144
522
522
599
42,304
42,751
42,809
80, 8U
Source:
Daily Treasury statement.
1/ Issues which commercial banks (banks accepting demand deposits) were
not permitted to acquire prior to specified dates, except that: (l)
concurrently with the 4th, 5th, and 6th War Loans and the Victory
Loan, they were. permitted to subscribe for limited investment of
their "savings deposits; (2) they might temporarily acquire such issues
through forfeiture of collateral; (3) they might hold a limited
amount of such issues for trading purposes.
2/
2/
5,079
1,913
42,229
43,250
45, lU
46,827
46,246
Consists of Panama Canal bonds through May 1961, and also postal
savings bonds until the last of these bonds matured on July 1, 1955.
Consists of Treasury savings notes (1954 and 1955); Treasury bonds,
R. E. A. series beginning July 1960; certificates of indebtedness foreign series beginning August 1961; and the dollar equivalent of
certificates of indebtedness, foreign currency series issued and payable in Swiss francs from October 1961 through March 1962 and Italian
lire beginning January 1962.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
i/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
1-5
5
years
years
-
10
10 - 20
years
20 years
and over
Average length
71,952
67,782
29,866
39,107
34,401
40,669
42,557
27,515
34,253
28,908
12,328
21,476
28,634
28,613
28,578
26,407
27,652
1,606
3,530
4,351
4,349
7,208
yrs.
yrs.
yrs.
yrs.
yrs.
178,027
183,845
187,148
72,958
70,467
81,120
58,304
72,844
58,400
17,052
20,246
26,435
21,625
12,630
10,233
7,658
10,960
yrs.
yrs.
yrs.
1960-December.
189,015
75,315
70,812
18,684
13,224
10,979
4 yrs.
1961-July
August
September
191,275
191,138
191,925
85,224
80,675
81,334
58,437
63,607
63,747
26,433
25,693
21,934
10,225
10,212
11,479
10,956
October.
November
December.
195,234
195 ,643
195,965
82,578
83,641
85,913
65,828
67,105
64,874
21,930
19,487
19,782
11,469
11,982
11,976
197,628
197,609
196,524
86,416
88,417
87,209
64,921
62,910
59,679
20,918
20,916
23,720
11,954
10,677
62,734
49,703
1957
1958
150,354
155,206
154,953
155,705
166,675
1959
1960
1961
1954
1955
1956
.
.
1962-January.
February.
.
March
58,
7U
U,959
mos.
mos.
mos.
mos.
3 mos.
6
10
4
9
7 mos.
4 mos.
6 mos.
Trcasurij Bulletin
2k
,
DEBT OUTSTANDING
,
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(liL
End of fiscal
year or month
Total
195A
1955
1956
42,229
43,250
1957
1958
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
46,827
46,246
892
835
673
718
673
996
1959
1960
1961
44,756
44,899
45,043
629
694
556
1960-DeG ember.
44,346
1961-July
August ....
September.
Federal
home
loan
banks
232
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
millions of dollars)
Federal
Savings
and Loan
Federal
employees'
Insxirance retirement
Corpora- funds
tion
Government
Life
Insurance
Fund
National
Service
Life
Trust
Insurance
Fund
Fund
High-
way
50
165
17,054
18,239
19,467
19,463
18,610
84
94
103
103
112
5,854
6,168
6,667
7,394
7,738
1,234
1,233
1,217
1,200
1,144
1,533
2,017
2,299
165
59
50
17,227
16,413
16,200
116
104
138
8,608
9,397
10,414
1,127
1,107
1,071
429
618
2,093
50
15,782
107
9,774
44,198
45,573
45,007
556
563
561
2,277
2,350
2,338
50
50
15,664
16,439
16,068
146
150
150
150
October. ,
November,
December.
43,890
44,217
43,520
523
540
543
2,307
2,315
2,237
208
50
15,402
15,441
15,076
1962-January.
February.
42,304
42,751
42,809
538
596
564
2,170
2,208
2,222
78
78
126
14,227
14,584
14,639
45, lU
.
March
200
52
325
51
5,272
5,346
5,481
5,570
5,665
Postal
Savings
System
1/
213
91
Railroad
Retirement
Account
UnemployTBent
Trust
Fund
Other
2/
3,345
3,486
3,600
3,475
3,531
8,024
7,479
7,737
7,996
6,671
123
120
234
5,742
5,803
5,759
3,417
3,586
3,504
5,636
5,580
4,625
126
138
192
1,078
56
5,760
3,335
5,547
147
10,464
10,561
10,576
1,041
1,038
1,035
227
228
5,665
5,667
5,670
3,418
3,398
3,375
4,497
4,937
4,728
191
191
191
120
120
120
10,601
10,651
10,718
1,032
1,029
1,025
140
5,676
5,681
5,679
3,260
3,189
3,135
4,593
4,813
4,707
184
156
153
120
120
10,764
10,818
10,879
1,021
1,017
80
118
217
3,045
2,996
2,976
4,430
4,394
4,215
156
155
1,012
5,677
5,666
5,657
92
Source:
Daily Treasury statement.
1/ Consists of Canal Zone Postal Savings System beginning April 1953
through July 1959.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
404
822
1
162
74
75
6
5
56
24
79
112
155
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans' Special Term Insurance Fund.
Less than 1500,000.
..
.
25
April 1962
.DEBT OUTSTANDING.
Table 6.- Treasury Holdlnge of Securities Issued by Government
C!orporatlons and Other Agencies
(tn millions of dollars)
Agriculture Department
End of
fiscal
year or
Commodity
Credit
Corporation
month
1955
1956
1957
1958
1960-Deo
.
1961-July.
Aug..
Sept.
Housing and Home
Finance Agency
Administrator
1/
Federal
National
Mortgage
Association 4/
Agency
for
Public InterHousing national
AdminDevelopistrament
tion
^
32
930
1,180
1,330
1,950
1,970
1,964
22
21
22
3,263
35
1,126
119
1,280
1,984
1,224
1,258
1,269
3,297
3,305
3,263
45
52
1,106
1,106
1,105
121
121
121
1,430
1,530
1,530
1,973
1,973
1,981
23
23
22
1,319
1,350
1,356
3,322
3,392
3,333
51
1,105
1,105
1,093
121
121
121
1,530
1,530
1,530
1,978
1,978
1,971
21
21
22
1,388
1,430
1,470
3,309
3,328
3,275
33
1,092
1,092
1,092
121
121
121
1,530
1,530
1,530
1,965
1,962
1,961
22
22
22
730
977
1,213
2,351
2,338
27
3,202
3,247
372
1,622
1,122
3,407
3,407
3,407
515
1,756
1,817
1,905
579
2,923
3,155
3,332
25,976
11,785
25,536
26,152
26,068
10,639
11,015
10,874
547
547
Oct..
Nov,
Deo.
26,938
27,427
27,527
11,446
11,727
11,952
3,487
3,487
3,423
627
695
1,978
2,040
2,000
1962- Jan.
Feb..
Mar..
27,789
28,013
28,303
12,095
12,163
12,389
3,498
3,498
3,498
719
773
840
2,016
2,061
2,067
2
112
118
121
1,937
1,636
1,698
12,874
12,704
11,534
of 1950
7/
1,164
1,138
1,107
323
369
456
25,343
25,636
26,011
program
Other
3/
48
97
1,205
1,528
22,731
21,859
Seaway
Development
Corporation
Under
Veterans'
Defense
AdminisTenn.
ProducValley tration: tion
Author- Direct
Act
loan
ity
14
11
21
18
215
61
38
41
1,347
1,310
1,239
Saint
Lawrence
773
1,002
1,144
1,294
1,723
2,233
1,966
1,954
1,741
1,502
172
162
151
265
256
Reconstruction
Finance
Corporation
6/
367
491
584
733
780
102
130
165
282
476
2,091
2,207
2,343
2,519
2,728
20,0.49
1959
1960
1961
ExportImport
Bank of
Washington
2/
4,180
7,608
11,190
13,383
11,528
12,869
16,175
195.;
Secretary:
Rural
Farmers'
Electri- Home
fication AdminisAdminis- tration
tration programs
1/
Dally Treasury statement.
Source:
These eecuritles were issued to the Treasury in exchange for
Note:
advances by the Treasury from public debt receipts under Congressional authorization for specified government corporations and
other agencies to borrow from the Treasury. Further detail may
be found in the 1960 Annual Report of the Secretary of the
Treasury, page 692, and the 1961 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, page 494.
Credit
1/ Farm housing and other loan programs, and Agricultural
Insurance Fund (formerly Farm Tenant Mortgage Insurance Fund).
Act.
2/ Excludes securities issued under Defense Production
Notes issued to borrow for the urban renewal program
Consists of:
(formerly slum clearance program); college housing loans; the
prefabricated housing loans program through November 1954; and
public facility loans beginning January 1956. Notes issued to
borrow for the Federal National Mortgage Association through July
1954 are shown under the Association.
Finance
Through July 1954, consists of notes of the Housing and Home
Administrator, issued to borrow for the Association. Beginning
August 1954, consists of liabilities taken over by the Association
from the Administrator in accordance with the act approved
authority
August 2, 1954, and notes Issued by the Association under
September 1954,
of that act (12 U.S.C. 1720, 1723 (d)) and beginning
also securities transferred from the Reconstruction Finance
Corporation (see footnote 6).
September 1956, figures exclude
5/ And predecessor agencies. Beginning
innotes previously issued by the Administrator in connection with
these notes was
formational media guaranties. The obligation of
Agency,
Information
assumed by the Director of the United States
35
29
6/
y
2/
V
46
50
30
33
37
1,203
1,209
1,213
1,198
1,188
3
16
29
14
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and the
notes together with others Issued for the same purpose are Included
in "Other."
Excludes securities issued under Defense Production Act of 1950;
Includes securities Issued under Federal Civil Defense Act of 1950
through November 1953, after which they were taken over by the Secretary
U.S.C.
of the Treasury, pursuant to the act approved July 30, 1953 (15
During
609), and are included under "Other." See also footnote 4.
remaining
September 1954, under Reorganization Plan No. 2 of 1954, the
securities issued by the Corporation to the Treasury were transferred
million
as follows: $42 million to Export-Import Bank of Washington, $92
to Federal National Mortgage Association, and $14 million to Small
Business Administration.
Consists of: Notes of the Administrator, General Services Administration, (Administrator, Defense Materials Procurement Agency, through
July 1953) for defense materials procurement; Reconstruction Finance
Corporation, through September 1953 (after which its activities under
this act were transferred to the Secretary of the Treasury), and the
Secretary of the Treasury beginning October 1953; the Secretary of the
Interior (Defense Minerals Exploration Administration); the ExportImport Bank of Washington; and the Secretary of Agriculture beginning
June 1954.
8/
154
,
,
Consists of: Notes issued by Secretary of the Treasury beginning
SeptemAdministration,
Business
Etaall
footnote
(see
6);
December 1953
ber 1954 through April 1958; for informational media guaranties by
the United States Information Agency beginning September 1956 (see
footnote 5); Secretary of Commerce (Maritime Administration) for
Federal Ship Mortgage Insurance Fund beginning February 1959; and
Virgin Islands Corporation beginning September 1959.
Treasury Bulletin
2b
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
End of fiscal
year or month
Total
1,%7
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
Intermediate
credit banks
Federal land
banks 2/ 2/
195^
1955
1956
1957
1958
2,876
3,889
5,013
5,423
120
110
133
179
199
115
341
929
738
456
725
793
834
924
1,159
1,007
1,061
1,322
1,552
1,646
1959
1960
1961
6,708
8,407
7,765
284
330
382
992
1,259
1,055
1,456
1,600
1,723
2,137
2,357
1960-December.
7,911
407
1,266
1,454
1%1- July
7,837
7,925
8,312
380
August
September
384
384
1,054
1,093
1,335
October.
November
December.
3,311
8,466
8,574
445
439
434
1962- January.
February.
8,819
8,770
3,995
434
452
452
.
March
,
Management
and liquidating issues
570
570
570
797
797
797
All other
issues
Tennessee
Valley
Authority
100
1,050
1,165
50
2,210
2,523
50
1,767
1,795
1,732
2,357
2,357
2,431
2,179
2,197
2,281
100
100
100
1,334
1,573
1,571
1,715
1,623
1,585
2,431
2,431
2,431
2,287
2,300
2,453
100
100
100
1,683
1,443
1,602
1,569
1,602
1,644
2,431
2,495
2,495
2,602
2,633
2,658
100
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks
1/
ended in July 1951.
1,290
2,284
2,198
2/
j/
1,888
U5
145
The proprietary interest of the United States in these banks ended
June 1947.
Figures do not Include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public
offerings.
April 1962
27
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
by an act approved June
(
31
U.S.C.757b), as amended
provides that the face
amount of obligations Issued under authority of that act,
find the face amount of obligations guaranteed as to prinJ>0,
1959,
cipal and interest by the United States (except guaranteed
obligations held by the Secretary of the Treasury) shall
not exceed in the aggregate |2S5 billion outstanding at
any one time.
The corresponding limitation In effect under
the act of June 26.
19^6,
the act of September
was $275 billion and that under
I95S, was $2S3 billion.
In additemporary increases have been authorized as follows:
$6 billion beginning on August 2S, 195^, ^^^ ending on June
2,
tion,
30,
1956 (acts approved August 2S, 195^, and June 30,
1955);
$3 billion beginning on July
1, I956, and ending on June 30,
1957 (act approved July 9, 1956); $5 billion beginning on
February 26, I95S, and ending on June 30, 1959 (act approved
February 26, 195^); $10 billion beginning on July 1, 1959,
and ending on June 30, 1960 (act approved June 30, 1959 );
$fi billion beginning on July 1, i960,
and ending June 30,
1961 (act approved June 30. i960); $13 billion beginning
on July 1, 1961, and S2 billion beginning on March I3, I962,
and ending on June 30, 1962 (acts approved June 30, I96I,
and March I3, 1962), Obligations issued on a discount basis,
and subject to redemption prior to maturity at the option
of the owner are Included in the statutory debt limitation
at current redemption values.
Table 1.- Status under Limitation, March 31, 1962
(In millions of dollars)
Maximum amoimt of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the acts of June 30, 1961, and March 13, 1962.
300,000
Amount of securities outstanding subject to such statutory debt limitation:
U, S. Government securities issued under the Second Liberty Bond Act, as amended.
Guaranteed securities held outside the Treasury
295,652
402
Total amount of securities outstanding subject to statutory debt limitation.
296,054
Balance issuable under limitation
Source:
3,946
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding March 31, 1962
(in millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Total marketable
Nanmarketable:
Certificates of indebtedness, foreign series
Certificates of indebtedness, foreign currency series.
U. S. savings bonds (current redenption value)
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A, series
Total nonmarketable.
Special issues to Government agencies and trust funds.
Total interest-bearing securities.
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest
Total public debt.
Guaranteed securities: 1/
Interest-bearing
Matxired
Total guaranteed securities
Total public debt and guaranteed securities.
Subject to
statutory debt
limitation
43,043
12,370
64,538
76, 573
196
Not subject to
statutory debt
limitation
Total
outstanding
2S
Trcasiirij
PUBLIC DEBT OPERATIONS
Table
1.-
Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding March 31, 1962
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Bulletin
';
April 1962
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding March 31, 1962
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Trcasurij Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Amount of bids accepted
Issue date
Maturity
date
Regular weekly bills:
1961-Dec
7.
Dec.
U.
Dec.
21.
Dec.
28.
1962- Jan.
4.
Jan,
11.
Jan.
18.
Jan,
25.
Feb.
Feb.
Feb.
15..
Feb.
23..
Mar.
Ip.
Mar,
8p.
Mar.
15p.
Mar.
22p.
Mar.
29p,
1962-Mar.
June
Number of
days to
maturity 1/
Amount of
bids
tendered
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
April 1962
31
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
lusue date
Average price
per hundred
Bogular weekly bills:
On competitive bids accepted
Price per hundred
(Percent)
7
(99.337
198.551
2.624
2.867
99.346
98.564
2/
Dec.
U
199.348
{98.547
2.579
2.874
99.352
98.555
Dec.
21
[99.325
l98. 526
Dec.
28
[99.344
196J-Jan.
4
Jan.
11
Jan.
13
Jan.
25
Feb.
2.564
2.858
99.346
98.544
,587
,880
2.670
2.915
99.331 Ifl/
98.540 11/
2.647
2.888
99.322
98.520
,682
198. 562
2.594
2.845
99.350
98.572
2.571
2.825
99.333
98.550
,619
,868
[99.317
198.513
2.703
2.941
99.325 12/
98.528 U/
2.670
2.912
99.312
98.499
2.722
2.969
[99. 286
2.824
3.073
99.296
98.460
iV
198.447
2.785
3.046
99.283
98.438
2.836
3.090
[99.300
198.499
2.770
2.970
99.306
98.507
2.745
2.953
99.297
98.496
2.781
2.975
[99.321
2.688
2.875
99. 325
\98. 546
98.558
2.670
2.852
99.319
98.537
2.694
2.394
1
[99.316
198.514
2.706
2.939
99.322 16/
98.520 12/
2.682
2.927
99.313
98.511
2.718
2.945
Feb.
8
[99.319
198.535
2.695
2.898
99.324
98.544
2.674
2.880
99.314
98.529
2.714
2.910
Feb.
15
[99.303
I98.5O8
2.759
2.952
99.317
98.519 18/
2.702
2.929
99.298
98.500
2.777
2.967
Feb.
23
[99.288
198.476
2.849
3.031
99.293 12/
98.480 22/
2.828
99.286
98.472
,856
3.023
99.326
98.561
2.665
2.847
99.334
98.566
2.635
2.836
99.322
98.554
2.682
2.860
2.721
2.883
99.319 21/
98.551 22/
2.694
2.866
99.305
98.534
2.749
2.900
Ip
8p
Mar.
I'lp
[99.291
[98.498
2.804
2.972
99.295 22/
98.504 2i/
2.789
2.959
99.289
98.494
2.813
2.979
Mar.
22p
[99.320
\98.557
2.689
2.854
99.326
98.561 25/
2.666
2.846
99.317
98.553
2.702
2.862
Mar.
2^^p
[99.313
198.555
2.719
2.857
99.320
98.554
2.690
2.340
99.309
93.552
2.734
2.864
98.344
97.986
98.536
2.484
2.705
2.896
98.400 26/
98.042 22/
98. 549 28/
400
630
870
93.320
97.975
98.529
520
720
910
2.679
2.827
2.908
2.975
97.318
97.171 22/
97.101
97.037 22/
2.645
2.790
2.859
2.930
97.262
97.117
97.039
96.979
2.700
2.844
2.920
2.988
3.366
96.614 21/
3.340
96.572
3.381
July
Oct.
16
1962-Jan.
15
96.588
12/
18/
12/
20/
,039
Mar.
97.283
97.134
97.051
96.992
16/
ly
,927
[99.312
\98.543
15
15
12/
8/
Bank discount basis.
Except J300,000 at 99.367.
Except $200,000 at 98.595.
Except $200,000 at 99.393.
Except $200,000 at 99.355, and $330,000 at 99.338.
Except $4,032,000 at 98.546.
Except $300,000 at 99.354, $200,000 at 99.344, and $100,000 at 99.337.
Except $550,000 at 98.534.
Except $100,000 at 99.317.
Except $300,000 at 98.513, and $12,000 at 98.484.
Except $150,000 at 99.342.
Except $10,000 at 98.533.
Except $100,000 at 98.528, and $800,000 at 93.524.
Except $300,000 at 99.317.
Except $100,000 at 98.519, $200,000 at 99.508, $100,000 at 98.500,
and $50,000 at 98.486.
21/
22/
2i/
2V
2V
26/
27/
28/
22/
2S/
il/
6^
(Percent)
2/
Apr.
1^
Equivalent rate
2.631
2.880
Other bills:
1961-Jan.
15
iV
Price per hundred
99.335
98.544
Tax anticipation bills
1961-July
26
Sept. 27
1962-Mar.
23p
11/
12/
w
2.587
2.840
Mar.
10/
Low
Equivalent rate
(Percent)
1%1-Dec.
6/
7/
8/
2/
(Ckjntlnued)
High
Equivalent average
rate d/
-
Except $200,000 at 99.335, and $300,000 at 99.329.
Except $100,000 at 98.534, $200,000 at 98.560, and $200,000 at 95.559.
Except $100,000 at 99.312, and $25,000 at 99.300.
Except $1,000,000 at 98.510.
Except $250,000 at 98.566.
Except $200,000 at 98.413.
Except $200,000 at 98.400, $200,000 at 98.385, $200,000 at 98.365,
$100,000 at 98.155, $200,000 at 98.101, $400,000 at 98.079, $100,000
at 98.064, $100,000 at 98.056, and $100,000 at 98.050.
Except $100,000 at 99.625.
Except $1,500,000 at 97.182.
Except $100,000 at 97.070.
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
Preliminary.
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
ac'^epted
Average rate
on bids
accepted 1/
New money
Increase, or
decrease (-)
(Parcent)
^1953-Apr.
May
May
May
June
June
June
June
July
July
July
23
1953- July
23
91
$ 2,202
t 1,501
2.320
t 100
7
21
28
Aug.
Aug.
Aug.
6
91
91
91
2,166
2,3iO
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
U
Sept.
Sept.
Sept.
Sept.
91
91
91
91
1,782
2,290
2,207
1,985
1,500
1,400
1,501
1,500
2. 416
2.323
2.228
1.954
199
198
300
300
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
11,
18,
25,
2,
9.
16.
Sept. 10,
195 5- July
7,
July
July
July
21.
28.
Aug.
Aug.
Aug.
Aug.
U.
i.
11.
18.
25.
Sept.
1.
Sept.
8.
Sept. 15.
Scirt. 22.
Sept. 29.
8
15
Dec.
10
91
2,023
1,501
1.953
101
1955- Oct.
Oct.
Oct.
Oct.
6
91
91
91
91
2,119
2,258
2,390
2,i03
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
,..00
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
99
102
99
98
101
Nov.
Nov.
Nov.
Nov.
Deo.
Dec.
Dec.
Dec.
Dec.
31.
1957- May
7.
May
May
May
May
Mar.
Mar.
Dec.
Dec.
7.
U.
19.
26.
2i
91
91
91
Feb.
Feb.
Feb.
Feb.
U.
3
10
17
Oct.
Oct.
Oct.
1957-Jan.
21.
28.
20
27
1
13
20
27
3
10
17
25
1
8
15
22
29
98
100
100
91
2,62A
1,700
3.283
99
1,700
1,700
1,800
99
99
1,802
3.133
3.057
3.182
3.288
23
91
91
91
31
92
2,626
2,719
2,580
2,7il
6
2,769
2,830
1,800
1,802
3.246
3.239
200
202
9
16
200
202
June
June
13
91
91
1958- Mar.
Mar.
20
27
91
91
2,3A8
2,A16
1,700
1,700
3.U0
3.173
100
98
Apr.
Apr.
Apr.
Apr.
3
10
17
2A
91
91
91
91
2,i30
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
1958-Jan.
Jan.
Jan.
Jan.
16.
23.
Mar.
13.
June
12
91
2,/.36
1,700
1.532
-100
Sept. 11.
Sept. 18.
Sept. 25.
Dec.
Dec.
Dec.
11
18
26
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
2
92
91
91
91
91
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
2.8O4
2.647
101
100
104
99
102
1,802
1,801
2.649
2.774
102
101
1,073
1,600
400
2.805
3.081
200
2.904
3.095
200
2.739
3.017
201
2.
9.
Oct.
Oct.
Oct.
Oct.
Oct.
16.
23.
30.
1959- Jan.
Jan.
Jan.
Jan.
Jan.
Nov.
Nov.
6.
13.
Feb.
Feb.
5
9:
2,8U
13
92
2,857
Dec.
11.
Mar.
June
12
11
91
182
2,407
19
18
91
182
2,i76
764
1,600
400
26
25
90
181
2,394
834
1,601
/Apr.
2
2
90
181
2,479
755
1,600
\july
400
2.690
2.920
199
/Apr.
I July
91
182
2,508
680
1,599
400
2.678
2.959
199
9
(Apr.
[July
16
16
91
182
2,178
734
1,600
2.808
3.034
197
2.
9.
Dec.
18.
Mar.
I
\ June
Dec.
26.
JMar.
1 June
1959-Jan.
Jan.
Jan.
2.
8.
15.
Footnotes at end of table.
8
15
22
29
9
(Continued on follcvlng page)
400
401
April 1962
33
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
(Continued)
Treasury Bulletin
3^
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securltlee Other Than
Regular Weekly Treasury Bills
Date subscription books
April 1962
35
PUBLIC DEBT OPERATIONS
Table 4.- Offerlnge of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
April 1962
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
3S
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4.- (Continued)
£0/
2i/
£2/
22/
g^
g^
^i/
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
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 less than $100,000.
In addition, $100 million of the notes were allotted to Government
investment accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, I960, on
three months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full, and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue were allotted to Government
investment accounts.
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, $100 million of the bonds were
allotted to Government investment accounts. Payment of not more
than 50 percent <-ould be deferred until not later than October 21,
1957.
22/
22/
22/
30/
33./
32/
22/
34/
35/
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype investors and 12 percent to all other subscribers but in no
case less than $10,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
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, $100 million of the bond's were
allotted to Government investment accounts.
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, $100 million of the bonds were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24. percent but in no case
less than $25,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000
In addition, $100 million of the bonds were allotted to Government
investment accounts
Subscrip-.. ions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
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
minimum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 4? 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 banks for
their own account totaled $470 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, $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 24, 1959;
75 percent by March 23, 1959; and full payment by ;^ril 23, 1959)
2^
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 accounts.
37/ Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 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 investors and commercial banks, and for $10,000 or less from all
others, "were allotted in full. Subscriptions for more than these
minimums were allotted not less than the minimums.
In addition,
$50 million of the bonds were allotted to Government investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
j g/
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks 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 $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Holders
of
approximately
$1,600 million of Series F and G savings
22/
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4^ notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4^^nailer denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amounted to $3
million.
AQ/ Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 {not less than 40 percent
by April 14, 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 investment 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
less than $100,000.
In addition, $27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/4% Treasury notes maturing August 15, 1960 {see Table 6, footnote 22), In addition in order that holders of 3- 5/856 Federal
National Mortgage Association notes maturing August 23, I960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, I960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
Combined
total includes $80 million allotted on subscriptions from
^t^/
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 4^).
16/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
£l/ Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,28^ million and were allotted in
full.
Subscriptions subject to allotment totaled $11,104 million
and were allotted in full up to and including $25,000; all others
were allotted 13 percent byt in no case less than $25,000,
Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000,
Remaining footnotes on following page.
&
^
w
^
April 1962
39
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
49/
50/
51/
52/
53/
54/
55/
.26/
57/
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2$ bonds of 1980, J215.9 million of the 3-l/2)f bonds of 1990,
and 1236.5 million of the 3-l/2!6 bonds of 1998.
Holders of approximately $750 million of Series F and C savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
^% bonds, with certain adjustments as of December 15, 1960, at a price
Smaller denominations of savings bonds could be exchanged
of 100^.
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
Suscriptions were permitted to be made with payment in cash or in
4-7/8)6 Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961,
Subscriptions from States, political sub-divisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central ban]£S and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were alloted In full; all others were
allotted 20 percent but in no case less than $10,000,
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8;6 bonds of 1966 and $540 million of the
3-5/8;f bonds of 1967,
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4if Treasury certificates or 3-5/8;f Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and- foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full.
^
^2/
62/
61/
62/
63/
64/
65/
66/
67/
68/
p
and subscriptions for more than $25,000 were allotted not less than
$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1961, to November 30, 1961.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts $480.4
million of the 3-1/2$ bonds of 1980, $160.6 million of the 3-1/2$ bonds
of 1990 and $289.5 million of the 3-l/2$ bonds of 1998.
Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100, OOOwere allotted 37 percent but In no case less
than $100,000.
In addition, $100 million of the notes were allotted
to Government Investment accounts.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Includes $2 million allotted to Government investment accounts of the
3-1/4$ notes, $4 million of the 3-3/4$ bonds of 1966, and $136 million
of the 3-3/4!f bonds of 1974.
Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8$ bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference.
Cash payments amounted to about $306,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government
investment accounts of the 3-1/2$ certificates and $1,518 million of
the 4S& notes,
In addition to the amounts allotted to the public, there were allotted to
Government investment accoxmts $385 million of the 4$ bonds of 1971,
$177 million of the 4$ bonds of 1980, $218 million of the 3-l/2$ bonds
of 1990 and $221 million of the 3-1/2$ bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 31).
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 15 percent but in no case less
than $50,000.
In addition, $100 million of the bonds were allotted
to Government investment accounts,
Preliminary,
Treasury Bulletin
1^0
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/
9
April 1962
Ul
PUBLIC DEBT 0PE3UTI0NS
Table 5.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Otiier Than Regular Weekly Treasury Bills ^ (Continued)
(In niillions of dollars)
Issue
Treasury Bulletin
1^2
PUBLIC DEBT OPERATIONS
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
April 1962
^3
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/ - (Continued)
(In millions of dollars)
Issue
kk
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Dispopltlon of Matured Public Marketable Securities
Other Than ReRular Weekly Treasury Bllle
April 1962
^
PUBLIC DEBT 0PE31ATI0NS
Table 6.- Diepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
2^6
PUBLIC DEBT OPERATIONS
Table 6.- Diepopltion of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or ret ire-
Issue
date
Descript ion
raent
Disposition offers
by Treasury
Amo'ant
out-
standing
Cash
retirement
Exchange
security,'
Results of exchange offers
Exchanged
offered
Description of new
security offered
(See also Table -;)
Turned
in for
cash 2/
(In millions of dollars)
'3-3/8% Certificate -
2-l/2iS Bond
2/U/58
L-l/2!e
Note
-
2/14/58-A
2/15/57
10,851
10,851
7,493
1,980
1,121
257
2-1/2? Certificate Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
3/15/56-58
6/2/41
1,449
1,449
343
592
350
164
2-1/2? Certificate Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
4/1/53-EA
4/1/53
383
383
194
115
25
49
2-1/2? Certificate Bond
3?
,3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
-
4/15/53
8/21/57
1,751
1,751
4/15/58-B
5/1/57
2,351
2,351
607
2-1/2? Certificate
Bond
3?
3-1/2? Bond
-
2/14/59-A
2/15/64
2/15/90
357
2-1/2? Certificate Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
677
3-l/4Se Bill
3-1/2)6 Certificate -
372
96
1,064
796
135
16,785
Total.
16,785
15,351
1,433
V
3/24/58
6/15/53
3,002
3/24/58
7/3/57
3,002
6/15/58-A
12/1/55
4,392
4,392
1,015
3,195
131
2-3/4? Bond
6/15/53-63
6/15/38
919
919
91
800
23
2-3/3? Bond
6/15/58
7/1/52
4,245
4,245
710
3,392
143
9,555
9,204
351
9,555
June '53
2-5/8? Bond
2/15/65
6/15/58
7,388
104
July '58
2-5/8? Bond
2/15/65
6/15/53
7,284
387
8/1/58
8/1/57
2/1/44
11,519
3,318
11,519
3,818
10,634
2,206
885
1,612
2-3/8? Bond
3/15/57-59 15/
3/1/52
927
927
660
267
16,264
13,500
2,764
16,264
3-3/4? Certificate
L2/1/58
2-1/2? Bond
2-1/2? Certificate
10/1/53
121
12/1/58-D
12/1/57
9,833
9,833
12/15/58
2/15/53
2,368
2,368
12,201
12,201
9,770
9,770
2/14/59-A
2/14/58
1-7/8? Note
2/15/59-A
5/17/54
14,872
3/24/59-D
3/6/58
3,567
1-1/2? Note
4/1/59-EA
4/1/54
119
5/15/59
1-1/4? Certificate
5/15/59-B
6/15/58
1,817
5/15/59
3-1/4? Bill
5/15/59
10/8/58
2,735
2,735
6/22/59
2.999? Bill
6/22/59
11/20/58
2,997
2,997 2/
8/1/59-C
8/1/58
13,500
4/1/59
'1-5/8? Certificate
4?
Note
8/1/61-A
8/1/57
9/21/59
2/16/59
1,502
1-1/2? Note
10/1/59-EO
10/1/54
99
Footnotes at end of table.
3/1/59-C
f
3-3/8? Certificate [3-5/8? Note
ll/15/59-E
5/15/6I-B
11,739
412
f7,711 of 3-3/8? Certificate
[4,078 of 3-5/8? Note
8,315
579
376
f3-3/4? Certificate Note
[4?
2/15/6O-A
2/15/62-D
3,043
856
1,199
r3-3/4? Certificate Note
2/15/6O-A
2/15/62-D
14,872
12,798
2,075
1,817
1,269
547
9,128
i,152
221
[
f
[4?
|ll,363 of 3-3/4? Certificate
Note
1
1,435 of 4?
3,567 2/
119
13,500
473
13,973
3.293? Bill
I-5/3? Certificate -
312
r
\
J
r
I
10/1/59
[l,817 of 1-1/4? Certificate
[7,338 of 2-5/8? Bond
1,277
778
473 16/
9/21/59
5/15/59-B
2/15/65
11/15/59-E
5/I5/6I-B
1
3/1/59
1-1/4? Certificate 2-5/8? Bond
f
3-3/3? Certificate [3-5/3? Note
5,102
5,102
1-1/2? Certificate
3/24/59
5/15/59-B
2/15/65
J
[
Total.
-
100
[ 3,300
[
2/15/59
(1-1/4? Certificate
[2-5/8? Bond
121
lO/l/58-EO
Total
5/15/59-B
2/15/65
M/
IV
8/1/58-C
9/15/56-59 15/
1-1/2? Note
ri-1/4? Certificate [2-5/3? Bond
I
Certificate
2-1/4? Bond
Total
10/1/58
y
3.485? Bill
2-7/8? Note
Total.
9,770 of 2-1/2? Certificate
Bond
3,354 of 3?
1,727 of 3-1/2? Bond
13,973
1,502 2/
99
(Continued on following page)
433
32_
13,745
^%
Certificate -
5/15/60-B
("4-3/4? Note
[4-3/4? Note
8/I5/6O-C
5/15/64-A
('4-3/4? Note
t.4-3/4? Note
8/I5/6O-C
5/15/64-A
("9,561 of Note
[4,184 of Note
3/15/60
5/15/64
April 1962
^^g
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Otlier Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
of retirement
1/
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Ex-
changed
Description of new
security offered
(See also Table 4)
Turned
in for
casli 2/
(In millions of dollars)
3/22/61
2.82356 Bill
3/22/61
Vl/61
l-l/2;6 Note
4/1/61-EA
4/1/56
144
4/15/61
4.608;S Bill
4/15/61
4/15/60
2,001
5/I5/6I-B
5/15/60
3,674
'4-3/8^ Certificate
5/15/61
3-5/8iS Note
5/I5/6I-B
7/13/60
12/1/58
Total
6/1/61
Bond
(Panama Canal loan)
6/1/6
3,512
3,512
.2/
144
2,001 18/
54
3,674
22
,727
{'
829
4,078
4,078
7,753
7,753 22/
6/1/11
50
2,631
3%
3-1/4%
3%
,3-1/4%
3,599
.
|l,523
2.788!f Bill
6/22/61 10/21/60
3,504
3,504 J/
7/15/61
3.265% Bill
7/15/61
7/1 5/60
1,501
1,501 18/
'3-1/8% Certificate
8/1/61-C
8/15/60
7,829
Note
8/1/6I-A
2-3/4% Bond
1-1/2% Note
7,829
4,560
3,049
8/1/57
2,136
2,136
658
991
289
9/15/61
11/9/53
2,239
2,239
681
890
320
lO/l/61-EO
10/1/56
332
332
536
12,536
9/15/6I
22/.
12
,
3/15/65-70
2/1/44
4,688
4,688
l,035p
722p
495p
2-1/2% Bond
3/15/66-71
12/1/44
2,927
2,927
7,615
,
9/22/61
2.473% Bill
4/3/61
1,503
1,503 J/
10/16/61
3.131% Bill
10/16/61 10/17/60
1,502
1,502 Ig/
11/15/61
2-1/2% Bond
11/15/61
2/15/54
6,963
2.679% Bill
1/15/62
1/15/61
1,502
3-5/8% Note
2/15/62-A
5/1/57
647
Note
2/15/62-D
1/15/62
9/22/61
-
11/15/62-H
8/15/64-E
5/15/68
-
11/15/62-H
8/15/64-E
5/15/68
198
3-1/4% Note
3-3/4% Note
3-7/8% Bond
-
348
3-1/4% Note
3-3/4% Note
3-7/8% Bond
-
52
3-1/4% Note
3-3/4% Note
3-7/8% Bond
6,082
5,019
749
11,850
2-1/2% Bond
Total
-
3-1/4% Note
3-3/4% Note
3-7/8% Bond
f
183
Total
-
5/15/62-A
5/15/63-D
5/15/62-A
5/15/63-D
5,122 iO/
131
8/1/61
-
50
6/22/61
4%
Certificate
Note
Certificate
Note
-
-
11/15/62-H
8/15/64-E
5/15/68
11/15/62-H
8/15/64-E
5/15/68
of 3-1/4% Note
of 3-3/4% Note
of 3-7/8% Bond
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
11/15/80 ZlJ
2/15/90 24/
11/15/98 zy
238p
576p
692p
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
11/15/80 TJJ
2/15/90 2!j
11/15/98 2V
7,615
l,273p
l,298p
l,187p
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
11/15/80 2i/
2/15/90 ZlJ
11/15/98 21J
6,963
3,642p
2,384p
517p
419p
647
282p
303p
62p
3-1/2% Certificate
Note
4%
2/15/63-A
453p
856p
126p
3-1/2% Certificate
Note
{4%
2/15/63-A
8/15/66-A
3-1/2% Certificate
2/15/63-A
8/15/66-A
2/15/63-A
8/15/66-A
r
3-1/4% Note
3-3/4% Bond
3-7/8% Bond
-
2/15/63-E
5/15/66 ZiJ
1,502 18/
r
4%
2/15/62
3-1/4% Note
1-1/2% Note
Total
2/15/59
1,435
1,435
2/15/62-F 11/15/60
9,098
9,098
4/1/62-EA
4/1/57
551
551
11,731
Source:
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance basis"
in dally Treasury statement.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
J/ Tax anticipation issue; for detail of offerings beginning 1953, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
tj On November 9, 1953, the Treasury purchased from the Federal Reserve
System and retired J5OO million of the 2-1/8% Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, page A-1.
11,731
2/
6/
u
.757p
0; 195p
U6p
370p
95p
ll,312p
4%
Note
!-l/2% Certificate
{S
419p
Note
8/1 5/66-
6,863p of 3-1/2% Certificate
4,450p of 4% Note
Reopening of February 2, 1953, offering (see Table 4).
It had been announced that holders of these bonds would be given
an
opportunity to exchange them for another Treasury Issue after
February 15, 1954. This offer was included in the ref undines of Mav
17, 1954.
Reopening of August 3, 1954, offering (see Tabic 4).
8/ Also designated _tax anticipation certificates, acceptable at par plus
accrued interest to matui-ity in payment of income and profits taxes
due June 15, 1956.
2/ Reopening of May 3, 1955, offering (see Table 4).
Footnotes continued on followini';
April 1962
hs
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Footnotes to Table 6.- (Continued)
22/
2V
2^
26/
22/
28/
22/
20/
21/
Excess of maturing l,-'i/l,% Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes <i4- and ii.6).
Reopening of an earlier issue.
Holders of Z-\/2% Treasury bonds maturing Jxme 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1960, inclusive, the first for :3-l/2^ bonds of 1980,
the second for '}-\/2$ bonds of 1990, and the other two for 3-1/2^
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-l/'4-^
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8^ certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 51 and 52).
From March 20 through March 22, 1961, owners of 2-1/45^ bonds of June
15, 1959-62, 2-1/^% bonds of December 15, 1959-62, 2-5/8^ notes
maturing February 15, 1963, and 2-1/2^ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/85? bond due November 15, 1967,
and the last for a new 3-3/8^ bond due November 15, 1966, Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3% certificates or the $2,500 million
offering of 3-1/4^ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8^ certificates and 3-5/^% notes over
allotments of new securities on subscriptions from holders of those
certificates and notes(see Table 4, footnotes 55 and 56),
Approximately $1,569 million were redeemed for cash and $168 million
exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
p
Preliminary.
Note:
Information on retirement of
April 1962
51
.UNITED STATES SAVINGS B0HD6.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
1,
19'H,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, IS^+l.
Series F and G were sold from May
1,
IS'^l,
through April
30,
1952. Series J and K were sold from May 1,
April 30,
1952 through
1957. Details of the. prlnclpsd changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April I95I, May 1952, May 1957, October and December 1959, and May and October 196I.
Table 1.- Sales and Redemptions by Series, Cumulative through March 31, 1962
(In millions of dollars)
Treasury Bulletin
52
.XJUITED STATES SAV33»3S BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
J/
Amount outstanding
Accrued
discount
^
Interest-bearing
debt
Matured
noninterestbeartng debt
Series E and H combined
Fiscal years:
19i41-1954 i/.
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
3,061
1,123
1955
1956
76,352
5,368
5,043
1957
1958
1959
1960
1961
2,500
633
661
4,627
42,058
3,911
4,069
4,444
4,129
4,310
4,616
3,906
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
46,744
4,652
4,832
5,469
4,856
5,519
4,996
4,484
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3.781
2,798
654
670
783
727
883
794
703
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
132
100
98
474
493
437
357
378
361
300
321
306
58
58
55
43,922
44,037
44,113
98
468
458
470
350
331
343
296
280
291
54
100
128
52
44,232
44,358
44,485
132
102
110
608
465
483
483
395
315
338
89
61
59
44,610
44,699
44,786
1,133
1,161
1,174
1,194
1,254
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
44,558
4,544
4,730
5,176
5,187
5,107
4,507
4,689
4,320
4,350
4,539
8,626
1,113
1,124
1,143
1,178
1,169
1,224
1,293
Months:
1961- July
August, . .
September
342
393
339
October,
November,
December,
370
358
343
1962-4anuary,
February,
Uarch, , ,,
476
1955 i/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-1954
362
374
1,1U
5,502
376
396
Series F, G, J, and K combined
Fiscal years:
1941-1954 i/,
1955,4/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
Months:
1961- July
August, ,,
September
29,848
1,249
586
268
30,472
907
475
98
729
108
100
83
65
54
30,577
1,357
686
352
65
54
46
46
32
32
784
103
31,256
1,010
567
172
92
74
58
52
38
29
58
52
38
29
9,942 6/
2,692
3,105
3,774
3,350
2,137
3,049 Z^
1,188 8/
11,198 6/
2,636
3,422
4,153
2,395
3,246
1,732 2/ 8/
1,108 8/ 2/
65
59
54
732
1,058
797
886
721
50
9,734
2,565
2,941
3,605
3,235
2,063
2,921
1,129
209
127
164
169
116
10,932
2,510
3,250
3,982
2,318
3,122
1,646
1,058
267
126
173
171
77
125
62
57
74
128
59
86
50
3
52
October,
November,
December,
56
53
366 5/
53
50
351
3
2
15
1962- January,
February.
Uarch,,.,
138 2/
66 2/
132
62
6
82 2/
78
4
(Continued on foilowlag page)
42, U2
42,716
42,715
43,806
^
3
2
Footnotes at end of Table 4,
37,482
39,285
40,929
41,498
3
20,579
19,080
16,568
13,124
9,842
7,787
4,829
3,709
55
219
312
335
331
303
257
222
10,896
8,603
5,594
4,022
2,973
619
571
681
698
655
468
348
318
3,652
3,603
3,557
216
207
201
3,512
3,466
2,973
193
188
318
2,889
2,850
2,783
266
242
228
19,439
17,861
U,895
....
,
April 1962
53
.UNITED STATES SAVINGS BONDS.
Table 3.- Salen and Redemptions by Periods, Serlei^ E through K
-
(Continued)
(In millions of dollars)
Redemptions
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
^
1/
Accrued
discount 2/
Exchanges of
E bonds foiH bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-1954 i/.
72,92A
4,095
4,219
3,919
3,889
3,688
3,603
3,689
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
80,985
5,218
5,333
5,052
5,049
4,862
44,527
4,490
4,622
4,981
4,951
4,889
4,797
4,943
5,181
4,394
74,843
4,192
4,142
3,875
3,802
3,598
3,632
3,711
8,626
1,113
1,124
1,143
1,173
1,169
1,224
1,293
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
46.690
4,572
4,689
5,220
4,658
Months:
1961-July
August, . .
September.
276
329
284
132
100
98
408
429
October...
November.
December.
302
292
283
98
100
128
1962- January. ..
February,
379
303
313
132
102
110
1955
1956
1957
1958
1959
1960
1961
^
.
,
,
,
,
,
,
,
42,027
3,857
3,961
4,248
3,893
4,092
4,295
3,673
2,500
633
661
732
1,058
797
886
721
201
188
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
Calendar years:
1941-1954
,
1955
,
1956
1957
1958
1959
1960
1961
,
,
,
,
March
332
401
392
411
512
405
422
5,225
4,729
4,249
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
2,798
654
670
783
727
883
794
703
337
357
340
279
300
285
58
58
55
17
17
16
37,871
37,926
37,953
329
312
324
275
261
271
54
50
19
17
16
38,005
38,069
38,140
464
357
368
89
61
29
296
309
59
20
38,160
38,187
38,222
375
52
278
212
21
Series H
Fiscal years:
1952-1954 V...
1955 i/
1956
1957
1958
1959
1960
1961
1,055
1,130
1,041
694
782
818
704
775
1,055
1,130
1,041
694
782
818
704
775
31
55
31
55
108
196
236
217
108
196
236
217
322
322
233
233
Calendar years:
1952-1954
1955
1956
1957
1958
1959
1960
1961
Months:
1961-July
August . . ,
September.
October, ,
November.
December.
1962- January. ,
February,
March
1,509
1,177
901
631
887
722
718
828
1,509
1,177
901
631
887
67
67
64
54
64
54
67
65
722
718
828
54
54
79
79
143
143
248
198
294
267
235
20
21
248
198
294
267
235
20
21
21
21
67
20
20
65
19
19
60
60
20
20
96
96
59
61
20
20
59
61
19
19
29
29
-
36,778
37,510
33,087
37,885
38,206
37,748
37,597
38,140
5^
Treasury Bulletin
.UNTTID STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
,
.
April 1962
55
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U. S. Governnient
Total
Federal
securities outstanding
1/
End of
fiscal
year or
month
Total
outstanding
Held by U. S. Government
investment accounts 2/
Total
Public
issues
Special
issues
1954
1955
1956
1957
1958
271,341
274,418
272,825
270,634
276,444
268,910
271,741
269,883
268,486
274,698
49,340
50,536
53,470
55,501
55,842
7,111
7,286
8,356
8,674
9,596
42,229
43,250
1959
1960
1961
284,817
286,471
289,211
281,833
283,241
285,672
54,554
55,259
56,002
1960- Dec ember.
290,373
286,820
1961- July
August . .
September
292,643
293,964
294,020
October.
November.
December,
1962-January,
February.
Interest-bearing securities guartanteed by the U.S. Government 4/
Held by private
investors
Held by
Federal
Held by
^
Reserve
Banks public
issues
U.
Public
marketable
issues
Public
nonmarketable
issues
46,827
46,246
25,037
23,607
23,758
23,035
25,438
194,533
197,598
192,655
189,949
193,418
121,771
127,875
126,304
127,179
134,593
72,762
69,723
66,351
62,770
58,825
9,799
10,360
10,959
44,756
44,899
45,043
26,044
26,523
27,253
201,235
201,459
202,417
144,983
149,546
151,392
54,985
10,639
44,346
27,384
204,451
288,998
290,659
290,773
55,128
56,383
8U
10,931
10,810
10,807
44,198
45,573
45,007
27,422
27,697
27,799
295,959
297,325
296,499
292,709
293,604
292,689
54,897
55,299
54,406
11,006
11,082
10,886
43,390
44,217
43,520
296,860
297,354
293,111
293,549
53,630
54,021
11,325
11,270
42,304
42,751
55,
45, lU
Held by
private
investors
2/
41
48
and
debt
bearing
no
interest
2,351
2,634
2,869
2,042
1,646
43
3
73
106
101
25
50
54
56,252
51,913
51,025
110
139
240
63
79
87
153
2,873
3,090
3,300
153,515
50,936
155
81
74
3,397
206,448
206,579
207,160
155,379
155,063
155,741
51,069
51,516
51,419
237
248
270
87
88
94
151
161
177
3,407
3,057
2,978
28,268
29,210
28,881
209,545
209,094
209,402
158,378
157,763
158,600
51,166
51,331
50,803
298
314
330
112
114
119
187
200
211
2,952
3,407
3,480
28,532
28,360
210,949
211,168
160,154
160,348
50,794
50,820
344
369
129
215
235
3,405
3,436
Daily Treasury statement for total amounts outstanding; reports
Source:
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
j/
4^
134
56
46
47
60
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding
the amount held by U. S. Government investment accounts and Federal
Reserve Banks,
Consists of guaranteed securities held outside the Treasury, All are
*
Less than $500,000.
public marketable issues,
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
S.
Total
Government
outinvestment
standing
accounts
2/
Matured
debt
56
Treasury Bulletin
OWNERSHIP OF FEDERAL SECURITIES,
Table 3.- Estimated Ownership of Federal Securities
End of
month
I'MO
April 1962
57
TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1962
letln, for corporations and savings and loan associations
The monthly Treasury Survey of Ovmershlp covers securities Issued by the United States Government and by Federal agencies.
in the September i960 Bulletin,
and for State and local
governments in the February I962 Bulletin.
Holdings by commercial banks distributed according to
are
Federal Reserve member-banX classes and nonmember banks
The banks and Insurance companies Included
cor-
In the Survey currently account for about 9^ percent,
porations and savings and loan associations for about half,
and State and local governments for about 60 percent of all
Holdings by corpublished for June JO and December 3I.
quarterly, first
published
funds
are
trust
porate pension
Bulletin.
1954March
appearing In the
such securities held by these respective classes of invesData were first published for
tors In the United States.
banks and insurance companies In the May 19'H Treasury Bul-
Section
-
I
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far values - in millions of dollars)
Held by Investors covered In Treasury Survey
State and local
governments
Insurance companies
Total
amount
outstand-
Classification
ing
Interest-bearing securities:
Public marketable
Public nonmarketable
Special issues
^
Total interest-bearing securities
Matured debt and debt bearing
1/
6,230
commercial
banks
2/ 2/
510
mutual
savings
banks
2/
512 fire,
304
life
casualty,
and
marine
489
savings
and loan
associations
478
corporations
298
general
funds
187
pension
and
retirement
funds
197,978
53,189
42,751
58,518
404 6/
6,084
213
4,927
4,293
128
2,891
102
11,187
9
6,738
251
4,486
999
398
37,395
2,368
42,751
293,919
58,922
6,297
5,926
4,421
2,994
11,196
6,989
4,884
82,515
3,436
no interest 7/
Total securities issued or guaranteed by U. S. Government 8/
297,354
Footnotes at end of Table 4.
Securities
Table 2.- Summary of Interest-Bearing Public Marketable
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insxirance companies
Total
amount
outstanding
Classification
By type of security:
Issued by U. S. Government:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Guaranteed by U. S. Government
Total.
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 8/.
Total.
Maturity classes (final
maturity 2/):
Within 1 year
years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 8/.
1 to 5
Total
>
-
8/,
U. S. Government investment accounts
and Federal
Reserve Banks
6,230
commercial
banks
2/ i,/
510
mutual
savings
banks
2/
9,029
3,470
22,476
23,494
307
107
1,480
4,135
304
life
marine
369
50
56
340
14
427
4,109
37
197,978
58,518
6,084
4,927
89,880
73,762
16,585
1,641
4,395
11,346
24,621
29,194
4,052
891
2,769
414
44,246
12,375
64,400
76,588
785
115
249
1,220
369
102
151
348
50
197,978
58,518
6,084
88,417
62,910
20,916
9,155
2,800
13,411
23,999
26,919
5,588
1,451
116
369
395
50
197,978
58,518
By tax status: 10/
Partially exempt from Federal
income taxes
Subject to Federal income
taxes 11/
1,485
1,336
196,493
57,183
Total.
197,978
58,518
56
805
1,576
1,723
436
196
1,291
56_
6,084
6,084
512 fire,
casualty,
and
4,927
259
145
1,179
2,693
16
4,293
Held by
all
other
investors
V
5«
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, JEBRUARY 28, 1962
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
Issue
Total
amount
outstanding
6,230
commercial
banks
2/
y
Treasury bills:
Regular weekly:
Mar.
June
1962 - May 1962.
1962 - Aug. 1962.
Tax anticipation:
Mar.
1962
June
1962
Other:
Apr.
July
Oct.
Jan.
1962.
1962.
1962.
1963.
Total Treasury bills
Certificates of indebtedness:
3%
3-1/2
May
Feb.
1962-A
1963-A
Total certificates of Indebtedness
Treasury notes:
4%
4
3-1/4
in millions of dollars)
April 1962
59
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1962
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Issue
Total
amount
6,230
commer-
outstanding
oial
banks
2/
Treasury
Z-1/2%
3-7/8
4
3-7/8
bonds - (Continued):
Dec.
1967-72
May
1968
Oct.
1969
Nov.
1974
4-1/4
3-1/4
4
3-1/2
May
3-1/4
3-1/2
May
3
3-1/2
June
Feb.
Nov.
Feb.
Feb.
Nov.
1975-85
1978-83
1980
1980
1985
1990
1995
1998
3,512
139
673
727
95
128
171
91
97
470
11
1,595
884
1,916
35
18
53
29
2,460
2,538
1,171
1,132
4,016
2,670
3,529
Total Treasury bonds
76,588
Guaranteed securities 8/
369
Total public marketable
securities
2/
510
mutual
savings
banks
2/
197,978
23
93
115
122
AA
167
512 fire,
casualty,
and
304
life
marine
182
17
28
42
105
88
9
98
103
432
182
489
savings
and loan
associations
75
101
99
64
51
55
8
35
11
38
28
24
58
27
105
145
65
74
46
455
146
573
212
1,020
25
81
35
25
23,494
50~
4,135
4,109
2,693
1,968
16
21
58,518
6,084
4,293
2,891
67
56
970
W
4,927
State and local
governments
478
corporations
11
3
187
298
pension
general and
funds
retirement
funds
11,187
64
96
134
407
203
109
114
174
104
676
133
548
340
260
157
793
33
180
176
724
744
517
671
202
532
1,068
402
2,409
3,960
10,370
21,684
10
134
4,486
37,395
6,738
Footnotes at end of Table 4.
Table 4.- Interest -Bearing Public Nonmarke table Securities by Issues
(Par values - in millions of dollars)
^
2,260
954
1,085
330
158
60
125
194
173
1,766
Held by
all
other
Investors
288
377
304
357
171
62
19
46
204
27
92
U. S. Government investment accounts
and Federal
Reserve Banks
177
39~
61,459
Treasury Bulletin
60
.TREASURY SURVEY OF OWNERSHIP, FEBRUARY 28, 1962
Section
II
-
Interest -Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values
millions of dollars)
I
April 1962
61
MARKET QUOTATIONS ON TREASURY SECURITIES, MARCH 30, 1962
Current market
62
April 1962
63
MARKET QUOTATIONS ON TREASURY SECURITIES,
CVJ
CO
d
ro
<
C/)
1-
WRCR
30, 1962
Treasury Bulletin
6^
,
AVHIAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody' s Aaa
corporate
bonds
Annual series - calendar year averages of monthly series
1942.
1943.
1944.
1945.
1946.
1947.
1948.
2.46
2.47
2.48
1953-April.
May.
2 ci7
2.37
2.19
2.25
2.44
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
3.23
3.34
19-"'6-Aprll.
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.66
2.62
2.86
2.96
3.20
2.90
3.06
1956.
1957.
1958.
1959.
1960.
1961.
3.08
3.47
3.43
4.08
4.02
3.90
4.38
4.41
4.35
09
4.23
4.37
4.46
3.36
3.89
3.79
Monthly series - averages of daily series
.
2/
3.07
2.97
2.93
3.24
3.28
3.27
1959- April.
May. .
June.
June.
3.11
3.13
3.40
May. ..
June.
July
August ....
September.
3.02
3.02
2.98
3.28
3.24
3.29
July
August ....
September.
3.00
3.17
3.21
3.28
3.43
3.56
July
August ....
September.
4.11
4.10
4.26
,47
.43
October.
November.
December.
2.83
2.86
2.79
3.16
3.11
3.13
October.
November.
December
3.20
3.30
3.40
3.59
3.69
3.75
October.
November.
December.
4.11 2/
4.12
4.27
,57
,56
,58
1954-January.
February.
3.06
2.95
2.86
1957-January.
February.
March
3.34
3.22
3.26
3.77
3.67
3.66
1960-January. .
February.
March
4.37
4.22
4.08
,61
March
2.69
2.62
2.53
April.
May.
June.
2.48
2.54
2.55 1/
2.85
2.88
2.90
April.
May.
June.
3.32
3.40
3.58 2/
3.67
3.74
3.91
April.
May...
June.
4.18 2/
4.16
3.98
4.45
4.46
4.45
July
August ....
September.
2.47
2.48
2.52
2.89
2.87
2.89
July
August ....
September.
3.60
3.63
3.66 2/
3.99
4.10
4.12
July
August ....
September.
3.86
3.79
3.84 2/
4.41
4.28
4.25
October.
November.
December.
2.54
2.57
2.59 i/
2.87
2.89
2.90
October.
November.
December.
3.73
3.57 2/
3.30 2/
4.10
4.08
3.81
October.
November
December.
.
3.91
3.93
3.88
4.30
4.31
4.35
1955-January. .
February.
March
2.68 2/
2.78
2.78 i/
2.93
2.99
3.02
1958-January.
February.
March
3.24 2/
3.28
3.25
3.60
3.59
3.63
1961-January.
February.
March
3.89
3.81
3.78
4.27
4.22
April.
May.
June.
2.82
2.81
2.82
3.01
3.04
3.05
April.
May.
June.
3.12
3.60
3.57
3.57
April
May
3.20 2/
June
3.80
3.73
3.88
4.25
4.27
4.33
July
August ....
September.
2.91
2.95
2.92
3.06
3.11
3.13
July
August
September.
.
3.36
3.60
3.75
3.67
3.85
4.09
July
August ....
September.
3.90
4.00
4.02
4.41
4.45
4.45
October.
November.
December.
2.87
2.89
2.91
3.10
3.10
3.15
October. .
November.
December.
3.76
3.70
3.80
4.11
4.09
4.08
October.
November.
December.
3.98
3.98
4.06
4.42
4.39
4.42
2.88
2.85
2.93 i/
3.11
3.08
3.10
3.91 2/
4.12
4.14
4.13
1962- January.
February.
.
4.08
.
.,.09
4.42
4.42
4.39
.
.
.
.
.
.
.
.
1956-January. ..
Februa ry
March
.
y
.
.
.
.
.
.
3.U
.
.
.
1959-January
February
March
3.92
3.92
2/
.
.
.
.
.
March
.
.
.
,.01
,52
,56
,49
4.32
April 1962
65
AVERAGE YIELDS OF LONG-TERM BONDS.
to
I
ft
o
o
m
Treasury Bulletin
66
INTERMAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
year
or month
1954
1955
1956
1957
1958
,
,
,
Budget
receipts from
Internal
revenue
70,299,652
66,288,692
75,109,083
80,171,971
79,978,476
Adjustment of
collections
to budget
receipts 1/
t 364, 672
-3,566
^
Total collections reported
by Internal
Revenue Service
69,934,980
66,288,692
75,112,649
80,171,971
79,978,476
V
V
Corporation
income and
profits
taxes
Individual income tax and eraployment taxes
Total
Individual
income tax not
withheld 2/
Individual
Income tax
withheld 2/
Old-age and
disability
insurance 2/
Railroad
retirement
Unemployment
insurance
4,218,520
5,339,573
6,336,805
6,634,467
7,733,223
605,221
600,106
634,323
616,020
575,282
283,882
279,986
324,656
330,034
335,380
21,546,322
18,264,720
21,298,522
21,530,653
20,533,316
37,921,314
37,869,770
42,633,426
46,610,293
47,212,944
10,736,578
10,396,480
11,321,966
12,302,229
11,527,648
22,077,113
21,253,625 i/
24,015,676
26,727,543
27,040,911
29,001,375
31,674,588
32,977,654
79,797,973
91,774,803
94,401,086
79,797,973
91,774,803
94,401,086
18,091,509
22,179,414
21,764,940
49,588,488
56,104,300
58,655,452
11,733,369
13,271,124
13,175,346
Aug.,
Sept,
3,427,747
8,373,396
9,945,359
3,427,747
8,373,396
9,945,359
519,563
382,280
3,250,550
1,785,961
6,635,584
5,563,577
245,119
160,611
2,017,145
Oct.
Nov.
Dec.
3,506,919
7,783,190
8,355,057
3,506,919
7,783,190
8,355,057
407,784
377,163
3,322,058
1,854,657
6,156,753
3,868,610
1962- Jan.
5,590,573
9,489,476
5,590,573
9,489,476
466,316
399,836
3,923,062
7,989,682
1959
1960
1961
,
,
1961- July
Feb.,
^
V
V
525,369
606,931
570,812
324,020
341,108
345,356
1,525,870
6,389,944
3,490,501
14,261
84,163
55,296
710
365
635
216,452
123,253
428,497
1,636,124
5,956,755
3,392,830
1,306
75,893
46,716
775
351
567
2,330,186
873,118
1,533,837
6,657,056
U,235
80,574
47,803
378,936
3,004,355
10,210,550
11,536,283
April 1962
67
-INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS
Billions
100
Billions
Total*
— Hi'»^A>sc(7/ Year
80
-^
Comparison first
8 months fiscal
60
40
20
DOLLARS
DOLLARS
Billions
Billions
58
24
56
.
Individual Income Tax and
54
20
52
18
50
16
48
14
46
12
44
10
42
42
8
40
40
6
38
38
4
36
2
J
01
34
34
1948
y
32
30
^^
I
ft
28
^
4
32
2
30
28
26
26
24
rii
24
22
^
22
I
'y.
20
20
I
18
18
16
16
HJ
14
12
1948
Corporation Income
and Profits Taxes
22
Employment Taxes*
36
.
14
12
'50
52
54
Trcasurij Bulletin
6f&
INTERNA! REVENUE COLLECTIONS,
Table 3.- Summary by States, Calendar Year 1961
(In thousands of dollars)
Individual income and employment taxes
States, etc,
Individual
income tax
not withheld
2/
Total
collections
l/
623,983
97,667
358,360
251,821
Alabama
Alaska
Arizona
Arkansas
California
,570,-451
Colorado
Connecticut
Delaware
Florida
Georgia
1,U6,932
Hawaii
Idaho
Illinois
Indiana
Iowa
247,296
174,577
7,540,356
2,086,636
759,727
Kansas
Kentucky
Louisiana
Maine
Maryland
Income tax
withheld and
old-age and
disability
insurance
463,276
88,212
287,135
201,413
6,169,474
120,865
15,090
99,093
73,263
1,610,110
334,708
72,363
186,549
126,658
4,493,936
900,316
1,104,374
147,486
300,876
93,583
Railroad
retirement
4,536
13
92
164
34,515
Unemployment
insurance
Corporation
income
taxes 2/
132,227
3,167
240
1,400
1,324
30,913
5,845
53,624
34,256
1,334,816
2,752
6,263
1,733
5,879
5,120
137,839
327,371
463,195
232,538
235,320
940
1,047,527
725,769
382 ,674
170,250
746,084
789,348
239,874
648,921
546,252
191,898
4,760,519
1,381,932
563,235
44,522
39,839
1,029,810
280,745
201,499
146,145
100,232
3,619,198
1,094,001
358,244
83,447
2,999
41,887
27,032
1,746,717
342,212
145,898
661,571
1,642,747
794,010
247,299
2,261,017
484,415
453,835
531,210
133,209
1,660,374
166,654
136,341
176,012
52,054
325,432
290,660
301,307
351,183
127,423
1,290,100
25,096
12,518
727
2,511
38,535
2,004
2,669
3,288
1,221
6,307
129,029
159,875
144,635
45,004
233,615
Massachusetts
Michigan
Minnesota
Mississippi
Missoiri
2,774,190
6,626,533
1,492,490
250,606
2,267,313
1,963,809
3,047,783
1,013,978
193,765
1,439,177
444,569
554,690
217,715
63,908
327,367
1,504,096
2,466,460
760,377
3,507
6,043
30,295
359
33,353
11,637
20,590
5,592
1,444
8,782
571,240
1,953,567
345,513
31,661
527,729
Montana
Nebraska
Nevada
New Hampshire
New Jersey
159,346
588,962
162,545
199,239
3,023,012
127,141
424,646
114,912
157,930
1,994,629
46,003
130,863
35,731
38,960
531,762
80,219
269,531
78,565
117,938
1,446,536
574
24,555
99,135
27,654
30,142
629,505
211,550
18,139,263
2,404,238
107,050
5,787,118
173,029
10,269,393
731,038
90,333
3,662,866
51,973
2,012,922
131,554
37,317
730,168
125,195
8,123,736
542,907
53,103
2,871,628
922,931
592,553
6,150,763
378,934
410,710
522,176
484,668
4,110,136
277,247
236,449
151,668
130,078
814,446
63,704
68,882
367,082
349,391
3,203,778
211,663
215,033
South Dakota
Tennessee
Texas
Utah
Vermont
126,611
316,536
3,292,424
269,326
97,121
102,328
604,272
2,132,843
203,924
74,924
39,865
176,466
719,195
45,523
20,634
61,962
422,290
1,425,240
156,351
52,829
Virginia
Washington
West Virginia
Wisconsin
Wyoming
1,429,644
1,092,436
330,617
1,660,011
92 397
780,529
821,137
256,909
1,092,042
72,113
192,544
209,189
71,703
263,631
29,464
564,909
606,836
183,308
821,219
42,327
18,466
599
269,864
437,039
-3,316
47,758
206,554
443,906
-3,816
47,753
130,849
75,041
443,201
-3,316
47,758
642
-4,295
95,034,753
59,656,065
14,000,609
44,758,216
551,647
^
New Mexico
New York
North Carol ina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
International 6/
Undistributed depositary receipts 2^..
Transferred to Government of Guam 6/..
Withheld taxes of Federal employees 2/
Total
1,630,020
319,265
1,412,513
1,099,937
,
,
,
,
335 ,242
Ul,119
Source:
Internal Revenue Service reports,
1/ Collections in the various States do not necessarily indicate the
Federal tax burden of the respective States, since the taxes collected
in one State are, in many instances, borne by residents of other
States. For example, the withholding taxes reported by employers
situated in metropolitan areas near State boundaries include amounts
withheld from salaries of employees who reside in neighboring States,
2/ Includes old-age and disability insurance taxes on self-employment
Income,
Includes tax on business income of exempt organizations.
Consists of estate and gift taxes, and excise taxes; excise tax
receipts deposited by postmasters from sales of documentary stamps;
excise taxes on imported items deposited by collectors of customs;
8/
2/
133,055
1,069,175
4,493
7,383
2
10,054
4,148
292
235
814
493
340
22,314
42
3,704
314
28,064
6,372
1,938
616
991
12,627
20,849
22,061
5,811,592
333,335
11,022
1,420,701
3,055
2,666
27,130
1,865
2,435
172,391
30,192
1,133,933
66,302
97,450
499
4,090
12,599
977
448
16,498
155,775
632,315
47,373
12,914
4,611
4,463
1,827
6,326
315
218,239
175,207
50,600
370,989
8,925
22
19,640
345,592
21,186,144
3
852
67,541
370
18
40,221
65,143
6,206
371
2,532
64,332
11
99
2
1,426
25,309
1,068
1,013
71
317
7
396
and amounts collected in Puerto Rico upon Puerto Rican manufactures
coming into the United States,
Includes District of Coliimbia collections.
Consists of collections from U, S. taxpayers in Puerto Rico, Canal
Zone, etc., and in foreign countries.
The amount of undistributed depositary receipts consists of all those
issued during the calendar year minus those received with tax returns
which are included in the State totals.
Withheld taxes covered into the Treasury of Guam (48 U.S.C. l<;21h).
Net transactions in the clearing account on the central books of
the Treasury for income taxes withheld from the salaries of Federal
employees.
Less than $500.
,
.
April 1962
69
.MOHETARY STATISTICS
,
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Ctold
certificates
1954
1955
1956
1957
1958
29,922
30,229
30,715
31,082
31,172
28,127
28,372
28,767
29,040
29,071
35
1959
1960
1961
31,9M
29,699
29,726
29,943
31
32,065
32,405
1960-December.
32,869
1961- July
August . . .
September.
32,477
32,609
32,658
October.
November.
December.
.
1962-January. .
February.
Silver
certificates
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
2,135
2,170
2,148
2,162
2,200
320
319
318
321
317
25,385
25,618
26,055
26,329
26,342
180
163
147
133
120
30
30
2,155
2,127
2,094
316
318
318
27,029
27,094
27,353
110
100
57
56
92
54
30,442
30
2,110
313
27,837
96
55
30,002
30,118
30,152
30
30
30
2,077
2,075
2,079
315
315
314
27,434
27,553
27,584
91
90
90
54
54
54
32,836
33,538
33,918 2/
30,303
30,975
31,336
30
30
30
2,076
2,098
2,120
315
318
314
27,739
28,386
28,731
89
89
89
54
54
54
32,774
32,880
30,222
30,319
29
29 4/
1,974
1,969
306
310
27,771
27,869 6/
88
54
87
53
34
33
33
32
V
70
67
64
62
59
Treasury Bulletin
70
.MOHETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
End of fiscal
year or month
Ratio of silver to
gold and silver in
monetary stocks
(in percent)
Silver
($1.29+ per
fine ounce)
($35 per
fine ounce)
1954
1955
1956
1957
1958
21,927.0
21,677.6
21,799.1
22,622.9
21,356.2
3,863.1
3,922.4
3,994.5
4,116.6
4,306.0
15.0
15.3
1959
1960
1961
19,704.6
19,322.2
17,550.2
4,414.1
4,394.5
4,346.5
18.3
18.5
19.9
1960- December.
17,766.6
4,375.6
19.8
1961-July
August ...
September
17,526.9
17,451.1
17,376.0
4,343.8
4,335.6
4,331.5
19.9
19.9
20.0
October.
November.
December.
17,300.4
16,974.7
16,889.0
4,324.9
4,311.6
4,308.6
20.0
20.3
20.3
1962-January.
February.
16,815.1
16,789.6
4,307.6
4,312.6
20.4
20.4
Circulation Statement of United States Money,
Source;
silver monetary stock see Table 4.
For detail of
1/
See Table 3, footnote
15.5
15.4
16.8
3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets
1/
Liabilities;
Gold certificates,
etc. 2/
Bala
,
April 1962
71
.MONETAEY STATISTICS
Table 4.- Components of Silver Monetary Stock
Treasury Bulletin
72
MONETARY STATISTICS.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Newly mined silver
Misc. silver
(incl, silver
bullion held
June W, 1934)
Silver Purchase Act
of June 19,
1934
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1,038.5
1,101.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48
48
48
48
48
48.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
1961- July
August....
September.
1,068.4
1,076.2
1,082.9
48.7
48.7
48.7
October. ..
November.
December,
1,091.6
1,095.0
1,101.7
1,107.9
1,110.6
1,112.7
18.5
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1962- January, .
February.
March
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Proclamation
of Dec. 21,
1933
2/
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
34.
34.
16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
44.0
1,172,
1,172.
37.4
33.2
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172,
1,172.
1,172,
25.0
48.7
48.7
48.7
833.7
833.7
833.7
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
12.6
14.6
34.5
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34
34
34
34
34
34
34.7
34.7
34.7
34.
34.
34.
34.7
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/ Total of seigniorage on coins and on newly mined silver, beginning
J/
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
150.8
155.2
156.4
166.0
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
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
1,172.5
1,172.5
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74
84
93
104
114
125
134.7
M3.8
U6.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
15.1
12.6
U.7
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of bullion
held changes, the potential seigniorage thereon changes.
Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar,
as of March 31, 1962
Allocations of
increment 1/
Exchange Stabilization Fund
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
139,299,557.00
Philippine currency reserve
23,862,751.00
23,862,751.00
Melting losses on gold coin
2,175,121.93
1,857,771.96
645,387,965.^5
645,387,965.45
Payments to Federal Reserve Banks for industrial loans
2,
Retirement of national bank notes
Unasslgned
Total Increment
Source:
Bureau of Accounts,
1/ The authority, purpose, and amount through 1940 of these allocations
are summarized In the 1940 Annual Report of the Secretary of the
Treasury, pages 128-30.
2/ Pursuant to Public Law 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
8,782,467,29
2,819,507,862.67
Unexpended balance of
increment
$317,349.97
8,782,467.29
2,810,408,045.41
9,099,817.26
into the Treasury as miscellaneous receipts; and the $27,546,310.97
which has been advanced to the Federal Reserve Banks under this
allocation was repaid into a special fund from which it was appropriated to the Small Business Administration, Under subsequent legislation (73 Stat. 209) the unused portion of this appropriation was rescinded and the balance, $23,653,582.01, was covered into the Treasury.
April 1962
73
.EXCHAHGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1961, and December 31, 1961
December 31, 1961
June 30, 1961
Assets:
Cash:
Treasurer of the United States, checking accounts.
Federal Reserve Bank of New York, special account.
Total cash.
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Central Bank of Argentina
Banco de Brazil
Bank of England
Deutsche Bundesbank
Netherlands Bank
Swiss National Bank
Accrued interest receivable
Accounts receivable
U.
$112,611,970.85
$107,163,741.19
52,810,064.16
58,095,174.05
14,000,000.00
8,000,000.00
35,000,000.00
25,399,951.81
20,132,000.22
Investments in:
U. S. Government securities.
Foreign securities
Unamortized premium on
$776,498.72
106,387,242.47
$745,020.70
111,866,950.15
5,567,418.47
5,098,855.38
64,999,028.28
U, 730, 120. 09
46,000,000.00
46,000,000.00
59,672,872.73
306,291.55
496,837.28
91,356.15
34,660.17
1,329.66
1,943.28
S, Government securities.
46,093.27
25,610.34
Office equipment and fijctures
Less allowance for depreciation.
20,482.93
50,061.27
27,509.70
339,883,560.59
336,373,089.23
Total assets
22,551.57
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Snployees' payroll allotment account
savings bonds
Miscellaneous
U.
162,719.11
6,115.95
2,682.47
231,052.33
2,666.69
300,942.34
S.
Total accounts payable
Unamortized discount on U. S. Government securities.
Capital account
Deduct subscription to International Monetary Fund.
Net Income (see Table 3)
2,000,000,000.00
1,800,000,000.00
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
Quarterly balance sheets
succeeding years appear in subsequent reports.
beginning with that for December 31, 1938, have been published in the
Treasury Bulletin.
309,724.98
9,605.58
7,300.26
200,000,000.00
135,967,029.74
336,373,039.23
Total liabilities and capital.
Note:
396,453.91
1/
2/
2,000,000,000.00
1,800,000,000.00
200,000,000.00
139,566,535.35
339,883,560.59
Excludes foreign exchange transactions for future delivery,
For contingent liabilities under outstanding stabilization
agreements, see Table 2.
Treasury Bulletin
7^
.EXCHANGE STABILIZATIOH FUND,
Table 2.- Current United Statee Stabilization Agreements,
December 31, 1961
,,.
April 1962
75
.INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
End of calendar year or month
Treasury
1953
1954
1955
1956
1957
1958
1959
1960
1961
,
1961- July
August . . .
September.
,
October..
November,
December.
1962-January. k.
February.
March p. .
::
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
t4,125 million.
rights Include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on March 31,
1962, these two amounts totaled $1,452.7 million. Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Total
2/
Foreign
currency
holdings
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
20,534
19,456
17,767
16,889
20,582
19,507
17,804
16,947
116
17,527
17,451
17,376
17,590
17,530
17,457
105
106
62
17,300
16,975
16,889
17,331
17,021
16,947
112
16,84.5
16,847
16,795
16,643
116
153
16,790
16,609
1/
2/
2/
p
127
116
i/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of March Jl, 1962,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which Is not included in
Treasury gold figures shown in "Circulation Statement of United States
Money." See 'Monetary Statistics/' Table 3.
To be published in following issue.
Preliminary,
Treasury Bulletin
76
.
CAPITAL MOVatENTS,
Data relating to capital movemente between the United
States and foreign countries have been collected since
pursuant to Executive Order 6560 of January I5, ISJ^,
1935.
Executive Order 10033 of February S, 19^9, and Treasury
regulations promulgated thereunder. Information on the
principal types of data and the principal countries Is reported monthly, and la published regularly In the 'Treasury
will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by coun-
tries, of data on short-term banking liabilities to and
clalmB on foreigners and transactions In long-term securities by foreigners, and present detailed breakdowns of the
latest available preliminary data.
Supplementary Information Is published less
Bulletin."
Section IV provides supplementary data In six tables
Reports by banks, bankers, securities brokers
and dealers, and Industrial and commercial concerns In the
which appear at less frequent Intervals.
frequently.
Table
1,
short-
United States are made Initially to the Federal Reserve
term foreign liabilities and claims reported by nonf Inan-
Banks, which forward consolidated figures to the Treasury,
clal concerns.
Beginning April 13^^, data reported by banks In the Territories and possessions of the United States are included
April, July, and October Issues of the Bulletin.
long-term foreign liabilities and claims reported by banks
In the published data.
and bankers, and Table
The term "foreigner" as used in these reports covers
Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
Is
published quarterly In the January,
3>
Table
2,
estimated gold reserves and
dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
all
official Institutions of foreign countries, wherever
such Institutions may be located, and International organ-
izations.
"Short-term" refers to original maturities of
one year or less,
maturities.
and "long-term" refers to all other
A detailed discussion of the reporting cov-
statistical presentation,
erage,
In the June
l4-5-'^7.
In that
19514-
and definitions appeared
Issue of the "Treasury Bulletin," pages
As a result of changes In presentation Introduced
Table
l^,
foreign credit
and debit balances In brokerage accounts, appears semi-
annually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually, appearing In the April
Issue through 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,
not all breakdowns previously published
Issue,
and December Issues.
September,
beginning with the Hay 1959 Issue.
Section I - Summary by PerlodB
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Net
Calendar year
or month
capital
movement
1935-'il
19A2
1943
1944
1945
1946
1947
1943
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
,
5,253.2
622.6
1,273.5
452.8
1,056.6
-803.0
345.5
244.7
193.8
1,749.6
-374.3
1,260.6
1,162.8
637.1
1
,
175
.
586.5
-614.9
-707.1
3,522.2
684.1
61.6
1961'.
1961- July
August
September, ...
October
November
December
,
,
.
Preliminary.
. .
56.2
248.8
,
1962-January p.
February p.,
137.0
137.8
168.0
-234.5
22.9
U.2
Changes In liabilities to foreigners
Total
Short-term
banking funds
Transactions In
domestic securities
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
-192.2
75.2
944.4
-584.3
3,661.3
532.5
1,207.1
431.1
1,166.3
-752.6
547.2
409.3
-24.8
1,971.2
73.1
1,558.8
1,090.9
1,419.5
1,367.3
1,494.7
360.9
998.1
4,354.0
2,319.0
1,960.0
3,034.6
485.9
1,179.3
220.4
1,279.4
-418.
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,940.6
1,232.5
291.1
12.3
306.6
266.4
24.7
-U2.9
155.2
309.6
294.3
187.1
372.5
286.1
203.0
-77.6
219.7
Changes in claims on foreigners
Total
Short-term
banking funds
Transactions In
foreign securities
1,591.9
90.1
66.4
21.7
-109.7
-50.4
-201.7
-164.6
218.6
-221.6
-447.5
-298.2
72.0
-782.4
-192.4
-908.3
-975.8
-1,705.2
-831.8
-1,634.9
-1,898.3
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,085.9
855.5
-7.4
77.7
93.5
-46.6
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-812.4
-3.0
-154.1
43.9
-57.8
-65.9
66.6
-37.8
-88.2
-22.7
-20.0
U3.2
78.2
99.1
59.7
-234.7
-118.2
-437.5
-186.8
-37.3
-316.2
-47.9
-80.9
-121.3
-94.3
315.2
16.8
-95.6
100.4
-205.4
119.6
-116.2
-19.2
-89.2
3U.9
-11.5
U9.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
727.5
736.3
97.5
-11.3
-71.8
-63.1
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
.
April 1962
77
,
CAPITAL MOVMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
Payable In dollars
End of calendar
year or month
Total
Foreign
official
Other
foreign
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 1/
7,916.6 1/
8,664.9
9,154.3
10,326.9
10,927.3
1,947.1
2,036.
2,239.
2,678.
2,922
2,972
2,947.
3,001,
3,451.
4,041.
4,245.
1961
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
U, 939.1
15,158.3
16,159.1
19,388.7
21,329.3
22,561.8
1961-July
August
September.
21,770.5
21,627.6
21,937.2
22,231.5
22,418.6
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
October. . .
November. .
December..,
1962- January p..
February
1/
p.
?\561.8
i
,467.4
22,782.7
13.9
17.9
21.6
25.5
40.6
49.7
70.4
51.0
44.9
Short-term claims on foreigners
Payable in dollars
Total
246.7
257.9
329.7
392.8
Payable in
foreign currencies
497.6
524.3
699.4
4,188.7
4,122.1
4,159.9
634.8
594.6
607.4
3,141.9
3,117.7
3,105.0
411.9
409.8
447.5
158.7
141.5
149.2
4,346.7
4,384.0
4,700.1
582.8
598.7
699.4
3,215.9
3,236.1
3,415.1
548.0
549.2
585.6
159.9
152.2 2/
4,580.5
4,696.7
665.0
703.6
3,457.7
3,550.5
457
442
43.2
40.3
48.8
59.0
59.4
77.2
113.1
149.2
10,096.0
10,537.1
10,932.8
7,545.7
7,577.0
7,468.7
3,983.3
3,404.1
3,434.3
145.5
109.4
101.5
10,644.8
10,547.5
10,927.3
7,713.2
7,893.6
7,681.5
3,714.7
3,836.0
3,803.8
10,211.3
10,048.0
8,284.2
8,456.5
3,812.1
4,126.0
p
72.0
86.4
105.4
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
Other
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,415.1
4,308.4
4,335.4
4,726.5
5,392.8 1/
5,665.3 1/
5,890.8
6,999.1
6,934.4
7,681.5
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,700.1
2/
Loans to
foreign banks
30.9
34.4
54.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
3,954.9
3,803.8
Beginning In August 1956 and again In April 1957, certain accounts
previously classified as "Other foreign" are Included In "Foreign
official."
Table 3.
International
Payable in
foreign
currencies
72.2
61.4
43.7
143.7
137.2
169.7
245.0
290.5
490.6
557.1
494.3
506.3
699.4
Includes $48.1 million representing reported liabilities to foreign
official Institutions,
Preliminary.
Purchases and Sales of Long-Term Domestic Securities by Foreigners
Trcasurij Bulletin
7«
.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
Calendar year
or month
-377.0
-217.9
198.2
801.0
677.4
621.5
841.3
509.4
991.5
1,915.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
945.6
882.9
801.9
1,457.6
1,445.0
1,252.6
-512.0
-562.1
-450.7
566.1
509.1
593.8
803.8
591.7
955.4
-237.7
-82.6
-361.7
1,511.7
1,392.0
1,395.7
2,261.5
2,036.7
2,208.1
-749.7
50.2
37.4
-68.
35.2
1,
55.1
64.5
58.1
-19.9
-24.0
-16.9
85.4
77.9
266.2
173,
100.
-3.
40.5
41.2
-88.
-22.
-20.
-25,
-42,
-41,
52.9
54.8
59.2
75.2
93.5
139.2
-22.3
-38.8
-80.1
104.4
117.2
123.6
152.
198.
-47,
-80.
244.9
-121.3
57.8
51.3
79.5
-21.7
-35.7
150.5
157.6
169.7
246.8
-19,
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
1 , 392
.
August ....
September.
225.0
118.5
36.1
228.1
October. . ,,
November.
December,^,
51.5
62.4
64.4
77.2
104.6
105.6
92.7
106.3
90.2
159.8
Not available,
Preliminary,
265.1
39.0
-94.8
27.8
-145.4
-.4
14.6
-15.0
18.0
-24.4
1951
1952
1953
1954
1955
1956
1957
1958
n.a.
p
293.3
410.1
763.0
556.1
676.8
388.2
382.3
908.4
65.6
42.6
96.7
70.8
321.2
589.2
February p
821.2
715.9
65.2
57.1
81.7
88.8
173.8
755.9
658.7
211.6
p.
855.5
-7.4
77.7
93.5
-46.6
265.5
24.5
-79.8
9.8
-121.0
1946
1947
1948
1949
1950
1%2-January
3,152.6
227.9
391.9
247.4
402.1
490.4
634.3
291.4
311.5
710.2
318.1
1%1-July
4,008.2
220.5
469.6
340.9
355.4
89.0
-29.2
3U.3
,
n.a,
n.a.
3.5
4.5
-17.5
securities
purchases
19.8
22.1
54.8
1945
1959
1960
1961
n.a.
n.a.
74.2
Sales
n.a.
n.a.
19U
,
n.a.
n.a.
372.2
225.3
347.3
Purchases
Total
sales
23.3
26.6
37.3
446.4
,
purchases
Net purchases
of foreign
Total
purchases
Net
n.a.
n.a.
1935-41
1942
1943
,
Net
Purchases
n.a.
n.a.
Foreign stocks
2
-53
87.0
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-6.i4.7
-812.4
-89,
April 1962
79
.CAPITAL MOVBffiNTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
1/
Treasury Bulletin
60
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Calendar year
1961
1962
Country
1960
1958
Europe
7.1
Austria
Belgium
Czechoslovakia
Denmark
Finland
64.6
.7
U.3
5.9
France
Germany, Federal Republic of
Greece
Italy
Netherlands
102.1
76.5
7.2
35.7
55.6
4.3
56.3
1.2
18.1
8.4
57.1
54.0
4.8
29.7
38.3
Norway
Poland
Portugal
Rumania
22.2
Spa in
29.7
8.4
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
2-4.0
18.6
38.4
3.5
2.1
42.4
72.5
,9
5.2
Total Europe
695.9
Canada
:
39.8
3.1
147.5
52.1
50.6
Cuba
166.1
19.1
11.8
293.0
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
5.9
Panama, Republic of
Peru
El Sa Ivador
Uruguay
Venezuela
Other l^tln America
23.4
30.7
9.8
51.9
141.7
52.9
Total Latin America
1,099.3
Asia
:
China Mainland
Hong Kong
India
Indonesia
Iran
27.3
Israel
Japan
Korea Republic of
Philippines
Taiwan
23.3
178.6
Thailand
Other Asia
12.8
106.5
Total Asia
435.1
1.3
,
66.8
6.1
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
12.8
3.7
21.1
2.5
29.1
Total other countries
69.2
International
Grand total
47.3
.1
123.9
Yugoslavia
Other Europe
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
7.1
3.7
2.1
2 ,
5-42
.
120.7
2
12
1961
Au^st
September
October
November
December
January p
February p
1
,
,
,.
April 1962
81
.CAPITAL MOVmKNTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1961
1962
Coxintry
1958
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
1959
-1,018
-4,795
678
-4,476
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
5,235
1,337
-5,715
1,871
-7,645
Norway
Poland
Portuga
Rumania
Spain
18,303
-26
2,109
-2,249
Sweden
Switzerland. , .
Turkey
U.S.S.R
United Kingdom,
Yugoslavia
Other Europe,
,
Total Europe,,,
4,339
-32,303
36
-12,228
-26
-3,624
-40,197
202,213
Latin America:
Argentina.
Bolivia, ,
Brazil, ,.
Chile
Colombia,
Cuba
281
-333
-623
-2,601
410
-68,517
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
25,546
Panama, Republic of,
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
-726
-879
-181
-2,533
-1,210
917
Total Latin America,
-46,000
Asia
China Mainland.
Hong Kong
India
Indonesia
Iran
232
1,656
2,561
:
Israel
Japan
Korea, Republic of,
Philippines
Taiwan
-403
4,231
-1,389
58
174
91
-572
-2
-l,'=i93
-1,091
Thailand
Other Asia
3,542
Total Asia
2,704
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt),,
All other
Total other countries.
International,
Grand total.
58
150
-48
129
105
-786
-450
1961
August
September
October
November
December
January p
February p
Treasury Bulletin
i2
.CAPITAL MOVmENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1961
1962
Country
1958
Europe:
Austria
August
1960
1959
-18,018
21,299
-3
3,256
5,102
-137
7,500
197
14,385
-13,630
5,021
18,912
99,082
-912
7,345
-234,089
-16,325
-7
3,513
94
-1,110
177
3,232
-8,511
-20,734
-587
-14,519
539
-93,465
47,539
-552
-35,375
-32,383
10,325
-41,730
-1,564
26,968
-87,643
-33,391
-27,745
-331
9,073
-74,441
-1,394
-479
-96
1,449
-6,319
144
-11
407
4L4
247
694
-11
-51
-57
-739
1,409
973
-812
691
92,200
-16
-10,643
51,384
336
5,271
-5,871
102
-1,642
-31,745
-126
-152
-2,028
-120
-27,801
17,726
-1,384
-57,353
-1,664
Other Europe
24
-26,268
500
5,348
500
-35,339
-500
4,320
Total Europe
-72,072
-49,714
-117,320
-256,395
-543,274
-443,009
-195,849
-310,239
-16,878
-442
69
4,979
812
2,421
-92
24
7,804
3,154
-148
-35
Belgium
Czechoslo\/akla
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga 1
Rumania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yxigoslavia
Canada
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
-152
-80
-60
17,060
2,291
2,437
-588
12
21
507
31
-3,296
4,168
-7,555
-134
5,660
1,889
-345
-5,551
614
355
123
2
46
-21,045
41
11
285
47
5,864
631
-53,597
362
203
52
1,547
1,790
3,492
118
-141
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
-13,669
-443
-703
3,532
253
-10,266
-3,599
-134
2,443
1,913
1,321
-4,905
-34,435
-1,760
-1,080
-3,034
688
-26,634
2,380
326
-233
-2,590
-2,703
-36,746
-290
147
272
Total Latin America
4,858
11,245
-107,431
-60,271
531
8
59
15,283
151
24
-30
-52
1,513
-15
26
-2,117
-3,169
14
-8
-1,962
598
-50,536
-32,736
-4f,113
763
-55,552
-50,300
55
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
28,318
-50
42
1,015
2
Israel
Japan
Korea, Republic of
Philippines
Taiwan
-46,677
-693
-52
1,782
-370
1,879
-3
-452
Thailand
Other Asia
-185
-27,167
-955
-29,326
553
4,939
-137
-2,536
22
Total Asia
-44,843
-96,654
-40,627
-114,086
-2,609
-44,434
-16,099
-66,917
-18,166
-43,094
-16
8,535
-28,883
462
-2,318
-397
4
60
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Rf;public (Egypt)
All other
Total other 'rMntril^
Int'.m-.tion.a
Grand
p
tot-'i i
lr^;l Ir/iifi'iry,
-22,175
-6
9,067
-356
-5,554
8
-24,331
-13
4
3
-1,869
-19,441
60
512
-149,625
-15,015
-36,444
-72,693
-557,576
-156,533
-147,046
1,291
1,362,532
-749,730
-644,717
-812,393
September
October
January p
April 1962
S3
CAPITAL ycvatsfis
Table
1.-
,
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities To Foreigners as of February 28, 1962
(Position In tboiuands of dollars)
6k
Ireasury Bulletin
.CAPITAL MDVEMBJTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of February 28, 1962^
(Position Ln thousands of dollars)
Short-term claims payable In dollars
Total
shortterm
claims
Counti7
Loans to
Foreign
banks and
official
institutions
Total
Europe:
Austria
Belgium
Czechoslovakia
Denmark.,*,,,.,
Finland
4,531
19,469
1,088
9,059
22,589
4,174
15,725
1,088
8,405
22,472
4,241
1,013
152
452
France
,
,,,
Germany, Federal Republic of.
Greece
,
,
Italy
Netherlands, .,,..,,,,,,,,,,,,
46,595
154,929
3,982
40,023
60,591
42,069
135,715
3,958
37,131
51,643
3,685
39,182
21
8,700
6,848
Norway
Poland
Portuga 1
Rumania.,,,,,,,,,,,,,,,,,,,,,
Spa in....... a,,,,,,..........
21,721
8,880
3,369
20,596
8,880
3,289
1,208
1,671
34
104
2
2
16,983
16,242
6,826
Sweden
Switzerland.,,,
Turkey
U.S.S.R
United Kingdom,
17,656
71,212
6,693
288
165,399
15,874
35,179
6,689
288
72,108
1,291
6,290
3,926
28,323
Yugoslavia.,,,,
Other Europe,,,
6,628
11,093
6,-28
10,825
4,416
623
Total Europe...
692,780
518,980
119,006
496,416
319,177
10,824
183,547
6,099
133,456
125,196
158,946
175,423
6,099
98,131
124,979
158,871
32,644
1,033
27,166
37,424
44,200
18,579
18,547
11,386
19,312
392,733
6,170
Canada
Latin America:
Argentina.
Boll. la...
Brazil....
Chile
Colombia,.
Cuba
Dcralnlcan Republic......
,,,,
11 389
Guatemala
,
Uexico
Netherlands Antilles and Surinam,
19,323
397,560
6,175
Panama, Republic of
Peru
El Salvador
Uruguay
,,
Venezuela
,.,,,,,,,,,.,,
Other Latin America,.,
,,,,,,
40,985
70,099
15,798
62,010
,
4,700
3,502
142,656
795
408
4,507
73,011
40,953
70,002
15,792
61,497
140,812
72,903
1,463,515
1,413,610
1,675
9,129
9,812
12,304
27,570
1,670
9,063
9,350
12,304
26,381
1,668
2,386
2,344
12,011
2,692
36,884
1,598,499
5,205
120,212
10,614
36,884
1,565,258
5,205
120,107
10,614
3,910
415,326
33,223
93,909
33,223
92,783
13,741
61,277
1,959,036
1,Q23,342
6,J4,47c
Aus t ro 1 i a ,.....,,.,,,,,,,,,,
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All Other
31,389
3,335
10,764
12,853
26,653
27,963
400
3,335
8,908
1,943
Total other countries.
84,994
78,982
4,696,741
4,254,091
Total I^tln America.
Asia:
China Mainland
Hong Kong
India.
Indonesia
Iran
Israel
Japan. .............
Korea, Republic of.
Philippines
Taiwan... J
Thailand
Other Asia
Total Asia....
Ul,342
543
6,650
U,732
5,496
1
106,885
2,238
Other countries:
12,694
26,082
International.
Grand total.
3
3
Other
Collections
outstanding
for own
account and
domestic
customers
Short-term clalnis payable in
foreign currencies
Other
Total
Deposits of reporting banks
and dcmestic
customers with
foreigners
.
\pril
1962
&5
CAPITAL MDVltHENTS
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During February
(In thousandB of dollars)
S6
Treasury Bulletin
CAPITAL MOVIMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners
Reported by Nonflnanclal Concerns
(Position at end of period in thousands of dollars)
1960
Country
September
Europe
December
:
Austria
Belgium
Czechoslovakia.
Denmark
Finland. ,
l,7-i6
745
France
Germany, Federal Republic of.
Greece
,"
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
u.s.s.R
United Kingdom
Yugoslavia
Other Europe
1,358
17,779
200
1,272
550
18,126
201
1,882
y,
y_
19,307
1,369
W,488
15,495
55,884
47,917
6,565
10
629
163
8,4L4
5,065
705
119
8,382
8,122
29,929
3,037
26,206
3,082
565
,
Tota 1 Europe
28,750
40,929
1,418
'^6,296
79
5,542
78,742
154
61,309
1,093
4,153
1,085
3,021
301,966
270,917
Canada
53,394
53,498
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia .
6,738
1,722
15,122
6,632
1,347
16,476
3,322
4,196
,
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
4,747
3,432
2,922
159
6,847
2,353
1,180
252
5,590
4,810
6,653
5,753
872
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
162
3,976
13,636
3,400
2,322
4,227
163
946
13,024
4,091
Total Latin America.
78,611
72,774
958
2,731
4,400
3,822
3,630
959
2,607
6,024
3,009
4,053
3,226
17,495
242
7,534
2,018
4,742
26,763
254
5,400
2,723
4,283
3,106
5,373
53,062
65,332
11,637
1,137
970
1,453
5,372
13,633
1,444
963
1,536
5,190
2C,;69
22
Asia :
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
-4,313
International
Grand total
512,635
3,092
^^
.
.
:
..
April 1962
a?
\
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns
-
(Con.
(Position at end of period in thousands of dollars)
Claims on foreigners
1960
First revised series 2/
Country
1960
September
March
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
6,173
9,5^2
786
8,384
1,668
6,562
11,990
787
11,761
1,502
7,556
12,382
807
11,830
1,576
35,767
37, 300
38,747
33,835
2,001
24, 466r
15,807
2,042
28,213r
17,153
2,899
6,342
235
3,227
6,395
277
3,278
9,678
6
10, 518
10,724
2^,
HA
2,6/19
20,965
11,412
6,290
Norway
Poland
Portugal
Rumania
Spain
313
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
Yugoslavia
Other Europe
.
.
26,244
392
642,395
1,225
2,103
1,319
2,894
165,141
160,302
18,805
1,824
69,241
9,186
11,270
19,543
3,086
76, 309
11,310
11,373
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles
and Surinam
17,871
2,016
3,956
30,731
7,765
2,512
3,869
35,661
1,334
1,603
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
4,394
13,166
2,145
2,882
28,642
18,118
7,262
8,397
2,039
3,283
32,668
18,672
Total Latin America.
235,581
245,352
1,420
10,555
1,285
7,480
2,256
12,385
1,383
8,369
Philippines
Taiwan
8,742
31,850
1,140
8,558
1,465
11,285
45,291
989
7,235
1,370
Thailand
Other Asia
3,833
17,122
3,543
16,725
Total Asia
93,538
110,896
19,434
1,189
8,104
5,183
10,398
20,890
2,647
6,370
6,375
12,524
44,308
48,806
Latin America:
Argentina.
Boliva
Brazil
Chile
Colombia.
.
.
.
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Other coxintries:
Australia
Congo, Republic of the 2/....
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
International.
Grand total.
26,396
17,800
7,076
392
6,944
860, 506r
Canada
6
639,064
362,085
Total Europe.
38, 593
26,999
19,495
7,285
832
162,076
17, 310
65
240
900,893
372
l,426,234r
1
3
Second revised series 2/
Third revised series 2/
1961
1961
1961
March
September
I
&s
Treasury Bulletin
COEPOEATIQNS AHD CERTAIN OTHhJ? BOSIHEBS-TYPE ACTIVITIES.
The current financial etatements of
corporations and
certain other business-type activities of the
United States
Government »*ilch appear In the "Treasury Bulletin"
beginning
with the August 1956 Issue are compiled
from reports subnltted to the Treasury under Department Circular
No. 966,
issued January 30. I956, and Supplement No.
1, Issued June
The regulations so Issued are pursuant to
1. 1556.
Section
114 of the Budget and Accounting Procedures Act of
1950
(31 U.S.C. 66b), and represent another step In the program
of comprehensive and Integrated Government
accounting and
financial reporting for which authority was provided
In
that- act.
They supersede Budget-Treasury Regulation No.
3,
Issued under Executive Order No, S512 of August
I3, igll-O,
as amended by Executive Order No. 90S4^ of March
3,
19^2,
under which financial statements previously published
In
the Bulletin were submitted.
In coverage,
Department Circular No. 966 requires
submission of financial etatements by all wholly owned and
mixed-ownership Government corporations specifically Included In the Government Corporation Control Act, as amended
{31 U.S.C. 2U6, S56); and all other activities of the Government operating as revolving funds for which business-
type public enterprise or Intragovemmental fund budgets
are required by the Bureau of the Budget.
Other activities
and agencies whose operations, services, or functions
are
largely self-liquldatlng or primarily of a revenue-producing nature, and activities and agencies whose operations
result In the accumulation of substantial inventories, in-
vestments and other recoverable assets, 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.
Four kinds of financial statements are called for by
Department Circular No. 966. They are statements of financial condition, income and expense, source and application
of funds,
and certain commitments and contingencies.
The
statements of financial condition are published
quarterly
and appear as Section
I in the series of tables.
The first
aata under the new regulations are for March
31, 1956, and
were presented in the August 1956 Bulletin.
Statements of
income and expense and source and application of funds
are
published semiannually, for June 30 and December 3I reporting dates, and appear as Sections II and III.
The first of
these statements under the new regulations cover the
fiscal
year 1956, and were published in the January
1957 Bulletin.
Within the sections, the agencies are grouped in separate
tables by type, as follows: public enterprise revolving
funds, intragovemmental revolving funds, certain
other
activities, deposit funds, and trust revolving funds.
Supplement No. 1 added to the coverage by including
all executive agencies and activities not
reporting under
Department Circular No. 966, but required only a statement
of financial condition annually as of June
These are
30.
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to
provide
complete balance sheet types of statements were authorized
temporarily to report only the asset side. Thus the sup-
plement rounds out provision for the information on properties and assets of the United States Government which
the
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government.
The first
comprehensive reporting under Supplement No. 1 is for June
30. 1957, and the data were published in the December I957
Issue of the Bulletin as Part B of Table 4 in Section I.
A summary of loans outstanding for a series of datee
is Included in Section
I of the Bulletin presentation beginning with the June 195S issue. Two classifications of
the loans are shown, one by type and one by agency.
Data
prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of Government
lending agencies.
April 1962
«9
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section
II
- Income and Expense for the Six Months Ended December 31, 1961
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Certain other
activities
(See Table 4)
Public enterprise
revolving funds
(See Table 2)
Intragovernmental
revolving funds
(See Table 3)
5,158,826
2,973,600
2,130,563
20,064
850,995
169,369
4J,771
20,064
292,953
169,369
42,336
86 ,478
76 ,42=>
435
4,543
5,505
6,328,503
3,579,751
2,135,541
613,212
1,397,289
346,262
2,412,074
891,239
1,133,371
3,789
1,639,008
338,053
263,918
342,474
773,066
553,186
-2,242
4,i87
838,094
76,552
162,830
297,984
151
-2,393
2,406
666,093
59,346
128,859
152,695
10,720
5,962
Total
INCCME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and Insurance premiums.
Other major income items
Other income
Total income.
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other ma Jor expense items
Miscellaneous expense
Total expense
Other
Total other gains, or losses
(-
)
Net income, or loss C-), before change in
valuation allowances
Increase (-), or decrease, in allowances
for»losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-), or decrease, in
allowances for losses
Net income, or loss (-), for the period.
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
palance at end of previous fiscal year
Net Income, or loss (- )
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period.
Less than $500.
Revised.
558,043
2,081
1U,823
19,305
6,486
28,009
153,161
49,547
360,194
34,417
738,355
32,603
7,590,138
310,647
29,310
736,930
32,067
1,425
-167
704
5,224,850
2,102,968
262,319
-13,014
-13,857
-1,213
-24,223
-9,119
-853
-836
-23,864
-12
87
-3,884
-13,090
-376
-52,307
-34,672
-64
-17,571
-1,313,942
-1,679,772
32,508
333,321
145,394
145,583
-5,531
-5,531
Other gains, or losses (-):
Cliarge-offs
Gain, or loss (-), on sale of fixed assets
Gain, or loss {-), on sale of other assets
49,663
13
12
49,061
508
49,064
-1,254
5,108
-221
-189
1
,762
189,44t
187,874
-1
1,573
32,507
334,894
-1,124,497
-1,491,897
-2,919
1,316
2,943
-1,127,416
-1,490,581
35,451
-9,106,822r
-1,127,416
-6,889, 123r
-1,490,581
70,713
35,451
-89,181
1,018,771
-5,768
-7,450,114
100,396
-94,949
575,792
-9,753,395
-7
,
1
79
327,715
-2, 288, 41 3r
327,715
-442,979
-2,403,677
90
Treasurii Bulletin
CORPOIWTIOHS AMD CKHTAIH OTHER BDSIMESS-TTPE
i»CTI7ITIES.
Section
II
Income and Expense for the Six
Months Ended December 31,
Table 2, - Public Enterprise Revolving
Funds
1961
(In thousands of dollars!
Agency for International Development
2/
Total
Accoxmt
V
Development
loans
Development
loan fund
liquidation
account
Foreign
Investment
guaranty
fund
Agriculture Department
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
1/
INCOME AKD K yPRHqK
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
'.'.'.'
Materials applied
'.'.'.'.'.
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease, in:
Work-in-process
*
*
Finished goods
Other operating expenses
!.'!!!!
Depreciation
*
Administrative expenses
Grants and contributions
!!!!!!!."
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
"!.'.'!!
Miscellaneous expense
Total expense
'
1,069
11,537
5
28,572
1,017
472
12,014
64
18,206
7,131
18,270
7,137
3,429
1,017
1,133,371
3,789
1,639,008
338,053
912,122
1,092,456
151
*
'
Other gains, or losses (-):
Charge-off
Gain, or loss (-), on sale of f lied
'assets
Gain, or loss {-), on sale of other
assets
Other
Total other gains, or losses (-)
2,i06
666,093
59,3i6
128,859
309,514
2,254
20,196
1U,823
310,647
29,310
736,930
32,067
250
'24,850
250
-9,119
-853
-836
-23,364
153,994
14,177 5/
640,252
1,352
2,234,193
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets...'.'!!
Allowance for losses on inventories
Other
Net increase (-) , or decrease,
allowances for losses
Net income, or loss (-) , for the
period.
Charges (-) , or credits, applicable
to
prior years
Net income, or loss (-) , transferred
to
accumulated net income, or deficit (-).
1,747
15,659
597
20,299
1,752
-1
,220
1
141
-34,672
-1,679,772
22
12
4,009
-142
-837
141
before change in
819
12,147
1,017
-1,323,094
-142
-1,219
-2,171
4,166
145,583
151,371
-1 ,767
49,051
5,353
1,439
-5,531
12
49,064
-1,254
187,874
-1,491,897
205,775
819
12,147
-1,117,319
-2,175
177
211
1,017
-1,117,142
-1,964
7,079
1,017
-6,219,506
-1,117,142
,096
-6,319,038
3,838
1,316
-1,490,581
CHANGES IN ACCUMinATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
-6,R89,123r
-1,490,581
Balance at end of reporting period.
-7,450,114
Footnotes at end of Section III.
Direct
loan
account 4/
880,120
20,064
292,953
169,369
i2,336
76, 429
3,579,751
,
'
2,978,600
Total income
Net income, or loss (-)
valuation allowances
Farmers Home
Administration
819
819
12,147
19,225
12,147
3,838
-68,846 6/
-1,964
3,838
-70,810
3,838
-89,181
1,018,771
1,017,610
31,372
(Continued on following page)
92
Treasury BulletiiA
.COKPORATIONS AND CERTAIN OTHER BUSIRESS-TYPE ACTIVITIES.
Section
- Income and Expense for the Six Months Ended
December 31, 1961
Table 2.- Public Enterprise Revolving Funds (Continued)
II
(In thousands of dollars)
(Continued on following page)
:
,
April 1962
93
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Section
- Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Interior Department
Bureau of Indian Affairs
Revolving
fund for
loans
Liquidation
of Hoonah
housing
project
Office of
Territories
Alaska
Railroad
Loans to
private
trading
enterprises
Alaska
Railroad
revolving
fund
Bureau of
Mines
Development
and operation
of helium
properties
INCOME AND EXPENSE
Income
Sales of goods and services
Interest:
On public debt securities
Other interest income
7,^18
6,480
7,i3i
6,543
577
3,836
1,049
895
1,552
1,U3
852
499
221
Guaranty and insurance premiums
Other major income items
Other income
64
Total income.
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U, S.
Treasury
Other
Other major expense items
Miscellaneous expense
5
-4
U
394
U
Total expense
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) » on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Total other gains, or losses (-).
Net income, or loss (-)
valuation allowances
,
before change in
Increase (-)» or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
177
,
,
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
pri or years
Net income, or loss (-) » transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCUMOLATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
-5,190
177
3
809
339
,127
Balance at end of reporting period.
-5,013
U
1,U8
2,138
Footnotes at end of Section III.
{Continued on following page)
11
Bureau of Commercial Fisheries
Federal ship
mortgage
insurance fund,
fishing vessels
Treasurij Bulletin
giv
.CORPORATIONS
Section
MD
CEHTAUf OTHER BUSINESS-TYPE ACTIVITIES.
- Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
:
April 1962
95
-COKPORATIONS AND CERTAIN OTHER BDSINESS-TYFE ACnVITIES-
Sectlon
- Income and Expense for the Six Months Ended December 31. 1961
Table 2*- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
Treasury Department
Office of the Secretary
Account
RFC
liquidation
fund
Federal Farm
Mortgage
Corporation
liquidation
fund 1^/
Bureau of
Accounts
Civil
defense
loans
General
Services
Administration
Office of the
Treasurer
Fund for payTreasurer of
ment of Govern- the U.S. check
ment losses
forgery inin shipment
surance fund
,
Expansion
of defense
production
Abaca
fiber
program
INCOME AND EXPENSE
Income
Sales of goods and services
Interest!
On public debt securities
Other interest income
Guaranty and insxirance premiiuas
Other major income items
Other income
194
7
28
120
3,300
LA
2U
^jim
64
64
Total expense
Other gains, or losses (-):
Charge-off 3
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
3,293
28
Total income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-)» or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U, S,
Treasury
Other
Other major expense items
Miscellaneous expense
20
7
1
120
1,829
-5,607
Total other gains, or losses {-)
Net income, or loss (-), before change in
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period....
Charges (-) , or credits, applicable to
pr 1 or years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)....
-64
-5ya2
1,471
-6,200
5,700
,200
5,700
17
268
-64
-4,729
-64
-4,735
7
275
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year,...
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III,
275
2,384
27
367
17
-952
-64
-10
-1
21,829
-4,735
-800
-275
-86
1,525
384
(Continued on following page)
17,094
-11,115
-2
96
Treasury Bulletin
-COEPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE
Section
- Income and Expense for the Six Months Ended December 31, 1961
Table 2.~ Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
General Services Administration - (Continued)
Federal
Facilities
Corporation
15/
Account
Reconstruction
Finance
Corporation
liquidation
Expansion
of defense
production
fund
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income items
Other income
22,396
59
U-
Total income.
Expense
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase {-)
or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S,
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
17,75t
»
3
-107
i,582
A68
21
163
602
27,39C
•;
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-)
on sale of other asset,
Other
,
Total other gains, or losses (-).
Net income, or loss (-)
valuation allowances
,
-S,o87
1'.
-8,e87
before change in
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
,
,
Net increase {-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
prior years
_«
f
no
V
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income , or loss {-)
Capital transfers of earnings or profits
to the U. S. Treasury {-)
Other
Balance at end of reporting period.
Footnotes at end of Section TIT.
u/
-il
: :
April 1962
97
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYFE ACi lVl l lJiS '
'
'
Sectlon II - Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the Administrator - (Continued)
Liquidating
programs
Urban
renewal
fund
Community
disposal
operations
fund
Housing
for the
elderly
Federal National
Mortgage Association
Special
assistance
functions
INCOME AND EXPENSE
Income
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income items
Other income
Total income
Expense
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) f or decrease f in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other ma j or expense items
Miscellaneous expense
Total expense
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) » on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
Total other gains, or losses (-)
Net income, or loss (-)
,
before change in
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-} » or decrease, in
allowances for losses
Net income, or loss (-), for the period
Charges (-), or credits, applicable to
pr i or years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
telance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
4.22
1,730
78
U,808
U
23
1,733
435
1,753
-i6,5i1
73
Management
and
liquidating
functions
Federal
Housing
Administration
Treasury BulletiiA
9(5
.COKPORATIONS AHD CERIAIS OTHER BUSIHESS-TYFE ALTiViTlhS.
Section
- Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
'
April 1962
99
.CORPORATIONS AND CERTAIN OTHER BUSIRESS-TTFE ACTIVITIES-
Sectlon
Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
II -
(In thousands of dollars)
Veterans' Administration
(Continued)
Veterans
special term
insurance
fund
Account
Vocational
rehabilitation
revolving
fund
Export-Import Bank of Washington
Regular
lending
activities
Liquidation of
certain Reconstruction
Finance Corporation assets
Farm Credit
Administration 19/
Expansion
of defense
production
Banks for
cooperatives
investment
fund
Federal Home
Loan Bank
Board 20/
Revolving
fund
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premixims
Other major income items
Other income
Total income
1,800
9
12,251
Total expense
296
\^2':
296
651
U,711
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease* in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
80,133
293
5,829
5,829
i,990
U
U
1,320
26,290
813
95
33,629
10
33,629
27,63^
-13,918
,792
12
-18,91£
52,792
12
96
5,817
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
Total other gains, or losses (-)
Net income, or loss (-)
,
before change in
valuation allowances
Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
28
-18,91^
52,792
77,379
-18,918
705,917
52,792
AO
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
i,75l
200
-3U,081
52
4,951
-3U,081
92
-30,000
58,^61
728,710
(Continued on following page)
Treasury Bulletin
100
.COEPORAnONS AND CERTAIN
Section
CfTSER BUSINESS-TYPE ACi'iVi'i'iKS.
- Income and Expense for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
(In thousands of dollars)
i
April 1962
ma
102
Treasury Bulletin
.OORPQRiVnonS ARD CKHTAIII OIBEB BDBIHESS-TrPE ACTIVITIES.
Section
II - Income and
Expense for the Six Months Ended December
31, 1961
Table 3.- Intragovernmental Revolving Funds (Continued)
(In thousands of dollars)
Defense Department
Account
Air Force
Department
Industrial
fund 25/
Army
Health, Education, and Welfare Department
partment
Navy
Department
Industrial
fund 2^
Corps of
Engineers
JU,525
12i,i29
895,970
35^,5:'"
124,i20
895,070
Industrial
fund 2S/
Office of
the Secretary
Working
capital fund
Public Health Service
Service and
supply fund
Narcotic
hospitals
INCOME AND EJtPENSE
Inco
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insxirance premiumfl.
Other major income items
Other income
Total income
195,381
195,381
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
!!!.'!!!!!!!!!!
other major expense items
Miscellaneous expense
Total expense
78,070
1
1
,088
10^,508 26/
-58
53,125
205,978
87,206 26/
688
2,60i
11i,212
5,973
1,016
282
172,959
505,701
211, 5i9 26/
-7,075
i,208
U3
i.,:'lf
iM.
2,670
73
216
i13
66
136
-20
-30
-11
139
1,413
13
10
U
883,133
i.iigs
418
12,837
123
37
37
i,122
94
33
193,bng
352,281
Other gains, or losses {-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
-5i
-3At
Total other gains, or losses (-)
Net income , or loss (
valuation allowances
-399
before change in
::,:-a
2,15i
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-).
1,772
J,2i3
2,717
-^Si,
-i.i'^
CHANGES IN ACCUMULATED NET INCOME OR DEFTCTT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the H. S. Treasury (-)
Other
1,535
4,i90
-1,322
2,060
Balance at end of reporting period.
6,?25
737
Footnotes at end of Section III.
,15-1
12,837
19
123
-in
-11
23i
2,15i
13,ll27
128
26,853
13,127
128
39,980
13t
2,15/1
(Continued on following page)
113
343
37
3it
38Ci
\
April 1962
loJ*-
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II - Income and
Expense for the Six Months Ended December 31, 1961
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
:
'
April 1962
105
.OQRFQRiKnOBS AHD CGEREAIH OIBEB BDBIHSSS-TZFE AjriVri lhS.
'
Section II
Income and Expense for the Six Months Ended December 31, 1961
Table 4.- Certain Other Activities
(In thousaitds of dollara)
Agency for International Development 29/
Agriculture Department
Commerce
Department
Loan programs
Total
28/
Account
V
Foreign
currencies
20/
Foreign
currency
loans
U.S. dollar
loans
Farmers
Home
Administration 31/
Rural
Electrification Administration
Maritime
Administration
INCOME AND EXPENSE
Income;
Sales of goods and servicea
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income items
Other income
49,663
,
558, Oi3
Total income
13,323
16,158
34,441
2,587
27,t'39
18,323
16,169
34,4^1
3,787
5,505
1
613,212
Expense
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decreases in:
Work- in- process
Finished goods
Other operating expenses
,.
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U, S,
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
19,305
6,486
28,009
153,161
Total other gains, or losses (-)
,
49,547
5,108
47
22
17,241
4,842
10,381
5,645
33,521,
10,381
22,933
38,385
704
5,839
153,161
601
-3,884
-13,090
-376
-1
165,448
,669
-13,092
-376
-270
-221
-17,571
,200
5,847
?-i::,V9
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
Net income, or loss (-)
valuation allowances
27,639
,.
-13,739
-1 ,661
51
before change in
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
,.,
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-), for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
333,321
27,639
7,941
-8,426
-3,950
-175,400
-189
1,762
671
1,573
334,894
500
27,639
7,941
-7,179
327,715
295
27,639
7,941
16,140r
27,639
-906r
7,941
295
-7,926
-3,950
-175,105
-1,550
421
171
-9,476
-3,529
-174,934
-205,628
-9,476
-92,848
-3,529
-2,589,538
-174,934
-215,104
-96,376
-2,764,472
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
-2, 288, 41 3r
-442,979
-20,589
-859
Balance at end of reporting period
-2,403,677
23,191
6,176
Footnotes at end of Section III.
327,715
(Continued on following page)
Treasury Bulletin
io6
.CORPORATIONS
Section
II
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1961
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
April 1962
1
r.nvv
Treasury Bulletin
log
.CORPORATIONS
Section
II
MD
CERTAIW OTHER BUSIKESS-TYTE ACTIVITIES.
Income and Expense for the Six Months Ended December 31, 1961
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
ApriJ 1962
,
.COKE
Treasury Bulletin
110
.CORPORATIONS AND CEPTAIH OTHER BUSnCESS-TYEE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
)
I
April 1962
111
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYRE ACTIVITIES-
Sectlon III
-
Source and Application of Funds for the Six Months Ended December 3i, 1961
Table 2.- Public Enterprise Revolving Funds - (Cont Inued
(In thousands of dollars)
Commerce Department
Agriculture Department - (Continued)
Farmers' Home Administration
( Continned)
Account
Emergency
credit
revolving
fund 7/
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..,
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
13,860
1
,
Total acquisition of assets
Operating and other expenses (excluding
depreciation
Increase in selected working capital
,
13,8o3
,
1,460
Total funds applied to operations
16,478
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..,
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
,
21,272
,
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
,
21,294
,
831
,
,
22,
Net effect of operations on expenditures
(excess of funds applied, or provided (-)),
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U S Treasury
Distribution of earnings to the U, S.
Treasury
General and special fund revenues
deposited
Other
.
.
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
Footnotes at end of Section.
5
1J^'
-Agricultural
credit
insurance
fund 7/
Expansion
of defense
product ion
Aviation
uar risk
insurance
revolving
fund
Maritime Administration
Inland
Waterways
Corporation
Federal ship
mortgage
insurance
Vessel
operations
revolving
fund
fund
Treasury Bulletin
112
\
•CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
)
)
April 1962
113
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2,- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars
Interior Department
Bureau of
Indian Affairs
Account
Revolving
fund for
loans
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired,.,
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
1,202
,
,
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
,
,
,
,
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..,
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
,
,
,
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
,
,
,
,
Net effect of operations on expenditures
(excess of funds applied, or provided (-)),
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S,
Government:
Appropriations enacted
Borrowings from the U. S. Treaaxiry
Capital and surplus advances from the
U. S, Treasury
Other
,
,
,
Total increase in investment of the U, S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances,
,
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S,
Treasury
Repayment of capital and surplus advances
from the U. S, Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrc-jings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (- ) , or provided
Footnotes at end of Section.
1,23i
.
pn-p
)
:
April 1962
115
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Cont inued
(In thousands of dollars)
Treasury Department
Office of the SecretaryRFC
liquidation
Account
Federal Farm
Mortgage
Corporation
liquidation
fund 1^'
Bureau of
Accounts
Civil
defense
loans
FuTid for payment of Government losses
in shipment
Office of the
Treasurer
Treasurer of
the U.S., check
forgery insurance fund
Expansion
of defense
production
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
»
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
11,731
25
6i
Total funds applied to operations
19
120
1,835
1,476
1
":
092
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
29S
91
6,913
298
91
6
,
Net effect of operations on expenditures
{excess of funds applied, or provided (-))
-o93
-9'^
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
11
11,900
1,-^95
U
19b
196
11, 9
110
7,000
110
7,000
Total funds applied to financing
Footnotes at end of Section.
J
800
Total decrease in investment of the U, S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Net effect of financing (excess of funds
applied (-) » or provided)
,900
-693
-9S
(Continued on following page)
Treasury Bulleiin
116
.CORPORATIONS AKD CERTAIN OTHEE BUSINESS-TYFE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
April 1962
117
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTlViTiES-
Sectlon III
-
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1Q61
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing: and Home Finance Agency - (Continued)
Office of the Adniinistrator - (Continued)
Liquidating
programs
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..,
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
,
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
lU
1U
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
^11
,
15
37
^62
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
3,082
Total funds provided by operations
3,997
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-3,85A
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S, Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U. S,
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
3
Urban
renewal
fund
Community
disposal
operations
fund
Federal National
Mortgage Association
Housing
for the
elderly
Special
assistance
functions
Management
and
liquidating
functions
Federal
Housing
Administration
lis
Treasury Bulletin
.
Section III
-
COEPORATIONS AKD CERTAIN OTHER BUSHtESS-TYEE ACTIVITIES.
Source and Applica tlon of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
:
)
.
'
April 1962
119
.CORPORATIONS AND CERTArN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Export-Import Bank of Washington
\^eterans' Administration
FarTD
Credit Administration
(Continued)
Veterans
special
term
insurance
funH
Vocational
rehabilitation
revolvinft
fund
Liquidation of
Regular
certan Reconlendine^
struction
activities Finance Corporation assets
Expansion
of defense
production
Short term
credit
investment
fund 22/
Banks for
cooperatives
investment
fund
Federal Home
Loan Bank
Board
Revolving
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
?77
i?q
534,068
14
500
Total acquisition of assets
Operating and other expenses (excluding
deprec iation
Increase in selected working capital
33,629
1,231
12
Total funds applied to operations
35, H2
iii
570,19
52
121
218,531
FUNDS PROVIDED BY OPERATIONS
Realisation of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
282
534,083
27,619
8,496
5,775
96
5,789
7,008
95
11,470
95
11
57
218,531
7,008
1i,711
80,426
296
9
Total funds provided by operations
U,769
298,957
7,313
95
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
20,37i
271,240
-7,217
405
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
14
500
,470
5,829
122
,470
5,951
-11,470
-162
1
1
FUNDS PROVIDED BY FINAMCING
Increase in investment of the U. S,
G<)vernment:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
969,400
969,400
21,000
405
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
405
969,400
21 ,000
667,200
7,217
30,000
'
97,:;'00
960
h2f:
698,160
Total funds applied to financing
7,217
11,470
162
11,470
162
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section
20,374
20
271,240
405
-11 ,47c
120
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVTriES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Federal Home Loan Bank
Board - (Continued)
Federal Savings and Loan
Insurance
Corporation
Home Owners
Loan
Corporation
(liquidated)
United States
Information
Small Business Administration
Fanajna
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
Revolving
fund
Reconstruction
Finance
Corporation
liquidation
Tennessee
Valley
Authority
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired.
Pxirchase, construction^ or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
133,717
6,355
93A
939
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
107,252
107,252
147,184
Total funds applied to operations
Total funds provided by operations
412
13,3'^3
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
9
15
114
41,8
48,233
2,920
18,817
203
1,791
11
,427
13
177,428
240
57,736
495
UO
13
5,123
282
87,997
195,249
347
844
282
56
31,865
49,519
5,155 28/
*9,021
509
•^24
12,895
109
133,241
22,302
71,91^
<:18
15t:,1r7
2,70
32,903
52,338
-31 .96i
-4,105
-32
105,512
39,082
180,000
38,203
180,000
38,203
50,000
11,500
180,000
99,703
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U, S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
200
1
,036
1
,n^f
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided )
Footnotes at end of Section.
18,271
1
''
,000
,000
4,105
332
74,4
33,000
4,105
74,488
-31 .96i
-4,105
105,512
18,271
23,660
18,690
33,000
1,000
60,621
39,^8
Afrency
Informational
media
guaranty
fund
,
April 1962
121
.CORPORATIONS AHD CERTAIN OTHER BUSUffiSS-TYEE ACTIVITIES.
Section III
-
Source and Appllca tlon of Funds for the Six Months Ended December 31, 1961
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
Legislative
Branch
Total
1/
Account
Government
Printing
Office
Agriculture Department
Agricultural
Research
Service
Forest
Service
Working
capital
Working
capital
fund
fund
Commerce Department
Working
capital
fund
National
Bureau of
Standards
Working
capital
fund 24/
Working
capital
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired,.
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
12,707
809
16
1,690
2,297
3'
Total acquisition of assets
Operating and other expenses {excluding
depreciation)
Increase in selected working capital
12,74J
809
If,
2,297
1,690
2,766,735
33.936
56,005
4,059
1,953
12,';18
20,161
972
175
Total funds applied to operations
2,803,^U
61,373
,851
1,148
FUNDS PROVIDED BY OPERATIOMS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
1,534
27
1
,P6
1,570
,
1,808
519
15
23
^5A
1,*3
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
?,783,8iO
50,203
60,236
U,937
1
Total funds provided by operations
;, 836
,006
60,246
15,4^'6
1,647
Net effect of operations on expenditures
{excess of funds applied, or provided {-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S.
Government:
Appropriations enacted
Borrowings from the U, S, Treasury
Capital and surplus advances from the
U. S, Treasury
Other
519
37
,647
21,761
1 ,770
1
-77
-32,592
1,064
,064
84
6,100
Total increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
15,571
2,628
331
84
Total funds provided by financing
21 ,680
2,628
331
84
(,ln8
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S,
Government:
Appropriations lapsed rescinded or
transferred
Repayment of borrowings from the U, S.
,
,
Treasxiry
Repayment of capital and surplus advances
from the U S Treasury
Distribution of earnings to the U. S.
Treasury
h
General and special fund revenues
deposited
Other
,
,
5,768
39
Total decrease in investment of the U, S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
^8,503
Total funds applied to financing
34,272
;',ooo
-32,592
628
Net effect of financing {excess of funds
applied (- ) , or provided )
Footnotes at end of Section
.
5,768
2,000
39
77
119
1
,680
20
-119
(Continued on following page)
331-
-1,717
84
Treasuru Bulletin
122
.
Section III
COKPORATIONS AND CEFTAIN OTHER BUSINESS-TYPE AtTlViTlKS.
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
)
April 1962
123
.
Section III
-
COKPORATIONS AND CERTAIN OTHER BOSINESS-TYEE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Department( Continued)
H0*/
Interior
Department
Justice
Department
Treasury Department
Labor
Department
P.H.S.-(Cont.)
Narcotic
hospitals
Account
Working
capital fund
Office of
the Secretary
Working
capital fund
Federal
Prison
Industries,
Inc.
Office of
the Secretary
Working
capital fund
Bureau of
Engraving
and Printing
United States
Coast Guard
Supply
fund
Yard
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired...
Purchase construction or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
,
,
12
1,639
168
126
168
126
,
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
,
5
6
455
928
1
,639
977
15,326
1,074
460
933
18,039
U5
920
19,937
54
1
116
11,749
417
7,747
6,399
12,334
7,747
6,526
13,774
7,863
6,396
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
Total funds provided by operations...
521
922
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
1
,093
35^-
1
,462
19,937
1,093
13,775
8,218
7,859
,3Q8
12
-1,U1
-47,:
-1,334
-1
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S, Treasury
Capital and surplus advances from the
n S Treasury
Other
.
.
Total increase In Investment of the U. S.
Government
Increase in other borrowings
Decrease In Investment holdings
Decrease in selected cash and fund balances
12
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U. S.
Government:
Appropriations lapsed rescinded , or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
,
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
61
1.441
472
1.334
Total funds applied to financing
61
1.441
472
1,334
-1,441
-472
-1,334
Net effect of financing (excess of funds
applied (- ) , or provided
Footnotes at end of Section
•
-61
12
(Continued on following page)
124
r-nRPnPATTmq aim
Section III
-
mn?rfl-ra m-»w.u hiimi
Mk'.^^M-'i-vPk'
flriT-nrr
Source and Application of Funds for the Six Months E
Table 3.- Intragovernmental Revolving Funds - (Con
(In thousands of dollars)
April 1962
125
nnj^
Treasury Bulletin
126
.CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 4.- Certain Other Activities - (Ck)nt Inued)
(In thousands of dollars)
HEW Department
Loans to
students
(World War II)
Treasury
Department
Interior Department
Office of
Education
Bonneville
Power
Administration
Southeastern
Power
Administration
Southwestern
Power
Administration
Miscellaneous
loans and
certain
other assets
General
Services
Administration
Public Works
Administration (in
liquidation)
Export-Import
Bank of Washington
ent for
certain mutual
security act
loans
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
9,119
471
171,656
1,286
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
9,119
3
471
11,553
1,279
5,530
,282
6,001
7,88,^
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
1,158
16,350
28,556
1
15
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
15
Total funds provided by operations
30
2
2,444
35,594
1,715
223,600
4,159
62,520
11,636
83
28,733
83
91,253
11,636
8,379
7,443
455,044
18
943
99
3,022
583
3f ,9i3
8,962
7,5U
546,297
12,678
3,022
-8,387
-7,680
-1,543
-322,696
-12,678
1,137
33,080
800
6,025
5,431
1,104
38,511
1,904
6,025
171,656
38,511
1
,904
6,025
171,656
419, U9
1,042
29,868
7,861
1,104
4,404
74,903
11,636
29,8(8
3,965
4,404
494,352
12,678
36,9/t3
13
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
188,006
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase In investment of the U, S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
1,137
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U. S,
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S.
Treasury
Repayment of capital and surplus advances
from the U, S, Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
6
15
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section
171,656
21
1,137
17,031
619
3.164
if ,899
9,584
7,569
494,352
12,678
,387
-7,680
-1,543
-322,696
-12,678
1,137
:
April 1962
127
.
Section III
-
CORPORAIIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Six Months Ended December 31, 1961
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Farm Credit Administration
Banks
for
cooperatives
Federal
intermediate
credit
banks
Federal
Deposit
Insurance
Corporation
Federal Home
Loan Bank
Board
Federal home
loan
banks
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly ovmed Government enterprises
Other
i, 258, 628
13
499,473
1,789,987
1,969,168
13
1,793
3,728
3,720
,789,987
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
i,26i,164
499,494
1,969,170
5,513
96,538
i5,710
8,517
12,507
29,240
5,283
6,682
27,920
52,099
Total funds applied to operations
A,lOk,i^^
520,51s
2,003,693
40,114
1,842,086
3,535,582
407,647
2,130,646
80
997,209
533
533
2,000
950
2,000
502
U7
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
3,539,065
17,802
18i,621
110,461
410,180
1,922
16,663
2,131,148
528
997,209
37,690
74,670
1 5 ,879
55,598
110,461
Total funds provided by operations
3,851,949
428,766
2,168,838
75,198
1,179,147
554,463
91,753
-165,146
-35,083
662,939
2,659,815
1,759,893
689,415
2,996
1,132,400
4,419,708
692,411
Total decrease in Investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase In selected cash and fund balances
2,208,665
1,499,566
157,014
593,460
Total funds applied to financing
3,865,245
554,463
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
1
1
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S,
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
838,000
1,756,897'
1
2,594,897
,132,400
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
321 ,970
34,500
7,198
1,293,235
2,176
2,135
583
1,462,890
147,098
600,658
1,297,546
35,083
1,931,958
91,753
-165,146
-35,083
662,939
Treasury Bulletin
IBS
.CORPORATIONS AMD CERTAIN OTHER BUSMESS-TYFE ACTIYTTIES.
Section III
-
Source and Application of Funds for the
Table 6.- Certain Trust Revo!
Cin thousands of dollars)
\
/
,
April 1962
129
»
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Footnotes to Sections II and III
1/ Statements of Income and expense and of source and application of
funds are not yet included for certain activities for which statements
of financial condition have been published in Section I, in the March
1962 Bulletin.
2/ This Agency was established, and the International Cooperation Administration and the corporate development loan fund were abolished at
the close of November 3, 1961, pursuant to the act approved September
4, 1961 (75 Stat. U5), and Executive Order No. 10973 dated November
3, 1961. Development loan fund functions and the foreign investment
guaranty fund were transferred to this Agency and a new fund for de-
velopment loans was established.
2/ Includes operating and administrative expenses funds.
4/ Included beginning December 31, 1961 (see footnote 31).
Includes interest expense of $1,562 thousand on capital stock.
6/ Accumialated deficit for fiscal years 1938 through 19^.8 from nonrevenueproducing operations amounting to $50,099 thousand has been transferred
to the expended appropriations account. This transfer was made in
order to report operating and administrative expenses on a basis
comparable with operations of the insurance fund.
7/ The disaster loans, etc., revolving fund and the farm tenant mortgage
insurance fund have been designated as the emergency credit revolving
fund and the agricultural credit insurance fund, respectively, pursuant to the act approved August 8, 1961 (75 Stat, 309, 312).
8/ Office of Civil Defense, civil defense procurement fund, shown under
this heading on page 9i of the March 1962 Bulletin, did not have any
net income or expense during the first six months of the fiscal year
1962.
Figures are as of January 5, 1962,
1_0/ Includes interest expense on advances from appropriations and on paidin capital,
1 1
Includes unreimbursed costs of $13,256 thousand performed by other
agencies.
12/ The operating deficit as of June 30, 1961, has been combined with
other items representing equity of the United States Government, and
is included with the net investment at the beginning of the fiscal
year 1962,
13/ This Corporation was abolished October A, 1961, pursuant to the act
approved October ^, 1961 (75 Stat, 773), and its remaining assets
were transferred to the Secretary of the Treasury for liquidation.
This statement includes activities for the fiscal year 1962 prior to
the date of transfer from the Farm Credit Administration,
H/ The accuntulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
15/ This Corporation was dissolved at the close of September 30, 1961,
pnirsuant to the act approved August 30, 1961 (75 Stat. -i19). The
liquidation functions are being carried on by the Administrator of
General Services.
16/ Represents transfers of equipment, mortgages, chemicals, and receivables to the Administrator of General Services (see footnote 15),
17/ Included beginning December 31, 1961 (see footnote 28),
18/ Represents retained earnings transferred to the Veterans' Administration, loan guaranty revolving fund pursuant to the act approved
August 17, 1961 (75 Stat. 358).
l^ The Federal Farm Mortgage Corporation, formerly shown under this
heading, is now shown under the Treasury Department (see footnote 13).
The short term credit investment fund, shown under this heading on
page 101 of the March 1962 Bulletin, did not have any income or
expense during the first six months of the fiscal year 1962.
^
^
20/ Home Owners' Loan Corporation (liquidated), shown under this heading
on page 101 of the March 1962 Bulletin, did not have any income or
expense during the first six months of the fiscal year 1962.
21/ Represents interest on the net direct investment of the United States
Government in this Corporation.
22/ Represents interest on funds advanced to the Administration by appropriations.
23/ Represents net income of $2f ,.^43 thousand from power operations, and
net loss of $7,217 thousand from nonincome-producing programs during
the first six months of the fiscal year 1962.
2L/ Figures are as of January 6, 19*^2,
25/ Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows: Air Force,
$113,159 thousand; Army, $52,039 thousand; and Navy, $57,717 thousand.
26/ Represents contractual services and other costs.
27/ Consists of: Administrative expenses, foreign aid procurements; construction services, public buildings; and working capital fund,
28/ The Veterans' Administration loan guaranty program, formerly included
in this table, was converted to a revolving fund effective July 1
1961, pursuant to the act approved July H, 19*^0 (7^ Stat. 533), and
is now included in Table 2.
29/ See footnote 2, The majority of the loan activities of the International Cooperation Administration were transferred to this Agency.
Certain Mutual Security Act loan activities are beini? carried on by
the Export-Import Bank of Washington as agent and are included in
this table.
20/ Foreign currencies were transferred from the Export-Import Bank of
Washington pursuant to the act approved September 1,^ 19M (75 Stat,
The
A^(-), and Executive Order No. 10973 dated November 3, 19M
foreign currency loans of the Bank which are included in this table
were transferred to the Agency in January 1962.
31/ Represents rural housing and other loans, and salaries and expenses.
Certain loan programs were transferred to the direct loan account
fund established by the act approved August 8, I9M (75 Stat. 317).
This fund Is now included in Table ?.
32/ Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 195^, as amended
(7 U.S.C. 170^ (e)) (see footnote 30).
22/ Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition were published in Section I, in the
March 19^2 Bulletin. Certain other activities are included in this
Section only on a fiscal year basis at the present time.
3^/ Excludes noncash transactions amounting to $354., 193 thousand representing loans exchanged for commodities and other adjustments.
2V Established by Executive Order No. 10952 dated July 20, 1961.
^6/ Excludes $96 thousand of lease purchase payments which are reflected
in the decrease in selected working capital as changes in unfunded
liabilities.
The
Federal intermediate credit banks investment fund and the producJTj
tion credit associations investment fund were merged into this revolving fund pursuant to the act approved October 3, 1961 (75 Stat, 758).
38/ Includes increase in interest accrued during operations of $2,817
thousand on which payment has been deferred.
»
Less than $500,
r Revised.
.
130
Treasury Bulletin
;
.CUMULATIVE TABLE OF CONTENTS.
May 1961 through April 1962
Issue and page number
1961
May
June
July
Aug.
Reporting bases.
Articles:
Treasury financing operations
SxMmary of Federal fiscal operations .
1962
Sept
II
II
Oct.
Mar.
Jan.
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
1
9
9
9
9
10
9
10
10
9
10
11
11
11
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Trust account and other transctions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by CJovemment agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fxmd
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, 1961)
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 reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
....•
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account.,..
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the United States.
Analysis of changes in tax and loan account balances
10
11
9
9
9
9
10
11
10
11
9
10
11
13
14
15
15
16
13
14
15
15
16
17
17
18
18
9
9
9
10
11
11
9
9
9
9
9
10
10
11
11
13
13
14
15
15
16
17
13
15
15
15
15
20
20
15
15
16
16
12
13
13
14
U
15
16
19
19
14
14
15
15
15
16
13
20
20
13
13
15
15
15
15
16
16
20
20
16
20
15
16
16
16
17
17
21
22
22
16
21
17
17
16
17
17
21
22
22
16
17
17
16
17
17
21
22
22
16
17
17
18
23
18
18
23
18
18
23
18
20
21
25
26
20
21
20
21
25
20
21
20
21
25
26
20
26
22
22
23
22
22
23
22
22
23
27
27
28
22
23
27
27
28
28
29
30
23
24
25
23
24
25
28
29
30
23
24
25
31
26
26
31
26
32
27
27
32
27
28
21
2/t
19
20
21
Debt outstanding:
Summary of Federal securities
Computed Interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
Interest-bearing public debt
Special public debt issues to U, S. Government investment accounts.
Treasury holdings of securities issued by Government agencies,
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
Statutory debt limitation
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasxuv bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by Investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills,...
Disposition of matured public marketable securities other than
regular weekly Treasury bills
26
26
21
21
22
22
22
23
27
27
27
27
28
29
22
23
24
23
24
25
28
29
30
23
24
25
23
24
25
26
31
26
26
30
28
22
22
22
23
31
26
27
32
27
32
27
29
28
30
28
28
33
35
28
30
28
30
33
35
31
32
30
32
30
36
33
35
37
32
37
32
32
37
38
33
34
39
34
34
39
34
34
39
34
43
38
39
44
39
39
44
40
40
45
40
46
41
42
47
42
42
47
43
43
49
44
51
51
52
54
55
46
46
48
48
49
53
53
54
56
57
58
48
48
49
48
48
49
49
49
49
49
50
51
50
52
55
55
56
51
53
53
54
56
51
51
52
54
30
32
United States savings bonds:
Cumulative sales and redemptions 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.
Sales by States, Series E and H combined
47
49
51
(Continued on following page)
57
52
58
59
60
April 1962
131
.CUMDLATIVE TABLE OF CONTEMTS
May 1961 through April 1962
-
(Continued)
'I
si
@FedFRASER