Full text of Treasury Bulletin : August 1946
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LIBRARY
pnoM 5030
JUN
9.
1
1972
TRIASURY DEPARTMENT
TMEASUMY.
MmiLEFm
RUGUST-ia4B
ueKftKT
UNITED STATES TREflSURV DEPRRTMENT
DFFICE DF THE
SECRETRRV
August 1946
1
Table of Contents
Page
Cumulative table of oontenta
Artlolea:
Letter from Secretary Snyder on the financial agreement
with Britain to the Chairman of the Houae Committee
on Banking and Currency
<
11
A-1
Treasury market financing
A-2
Financial operations of the United States Oovernment,
fiscal year 19'»6
A-3
Statistical section:
Summary of fiscal statistics
Receipts and expenditures and appropriations
1
4-
Oeneral fund of the Treasury
IS
Public debt and guaranteed obligations of the United
States QoTernment
21
Ownership of United States aovernment securities
^
Prices cmd yields of Oovernment securities (Including
securities Issued by Federal agencies)
3^
Intei*nal revenue statistics
63
Monetary statistics
68
Capital movements between the United States and foz^lgn
countries and net position In foreign ourrenclas
73
Note: In those tables where figures have been rounded to a
specified unit, all calculations (Including percentConseages) have been made from unrounded figures.
quently the details may not add to the totals shown.
11
Cumulative Table of Contents
Treasury Bulletin
August 1946
111
Cumulative Table of Contents
(Continued)
-
Itme and paga Bm'ber
19U6
io^.
July
Jane
M^
191*5
ipr.
Kar.
Jan
Tab.
Sec .
VoT .
Oet •
8«pt
Summary of flaoal atatistlos
Bad^tary receipts and axpandlturea
Public debt and eoaranteed obllgatiooa outstanding-
Haaaa of flnanolac eaah raqalreBenta
Receipts and expenditures and approprlatlone
Bud^tazy reoelpte and expanditvrea:
^
Srumary
najor claaslficatlonB
inaljalB of receipts from Internal reraaae
Analysis of general expenditures
Analyala of expenditures for var aotlrltles
Analysis of expenditures for (l) rerolTlnc fnnda and (?) transfers to
trast acooiuitB eto
Total badgetary receipts and expenditures, by months, for reoant years.
,
5
7
7
8-9
7
8-9
7
8-9
7
8-9
7
8-9
7
8-9
7
7
8-9
8-9
7
8-9
7
8-9
5
I
6-?
8
7
8-9
9-10
Trust aoooonts. eto., receipts and expenditures.
(
11-12
Means of financing oaah reqairements
11
U
11
Social seeorlty program:
Bud^tary receipts and expenditures:
Social Security Act
fiallroad Betlrement Act
fiailroad Ihiemplqymeat Insurance Act
Stateaent of trust aoooonts:
federal Old-A^e and SurrlTors Inmraaee Trust TbAd.
Ballroad fietlrement Aeooont
Cbamployment Trust fdnd
Appropriations and net contract snthorl sat lone for the var aetlTltles
progrsD
Cash Income and outgo of the Treasury:
Analysis by major claaslfleations
Total cash Income and outgo Iqr months and calendar yeare beginning with
January 19UO
13
12
13
13
IS
13
13
12
13
13
Ik
15
15
lU
Ik
Ik
lU
Ik
Ik
16
16
16
Ik
Ik
lit
15-16 15-16 15-l£ 15-16 15-16 15-16 15-16 15-16 15-16 15-16 15-16 17-18
17
17
17
17
17
17
17
17
17
17
17
19
17
17
17
17
17
17
17
17
17
17
17
19
Assets, liabilities, and balance in Oeneral Ttmd.
19
19
19
19
19
19
19
19
19
19
19
21
Analysis of changes In balance of Oeneral fhnd
20
30
30
20
20
20
20
SO
20
20
20
22
Issuance and retirement of the public debt
22
SZ
32
22
22
22
22
22
22
22
22
Composition of the Interest-bearing public debt.
22
SZ
22
22
22
22
22
22
22
22
22
Qeneral Fund of the Treasury
Publio debt and guaranteed obligations of United States Government
Publio debt and guaranteed obligations:
letalled statement:
fiscal years, I937-I9U6
Monthly data
Chart
Computed Interest charge and eonputed interest rate.
Ooaranteed obligations held
V
1-* 23-*
gi;
t.t
-^
3-*
2%
23-2l» 23-ai» 23-2l» 25-26
^.
^;
27
statutory limitation on the public debt - condition, as of:
July 31.
AlgUBt 31, 19115
Septenber 30, I9U5
October 31, I9U5
BoTenber 30, 1945
iBceBber 31, 19lt5
Janoaiy 31, 19'^
Jebruary 2g, igUfi
Harch 31 19l»6
i^rll 30, I9U6
Mar 31. 19lt6
June 30. 19116
27
27
27
Treaeury
26-27
28
27
29
27
27
27
1^
29
30
28
28
28
,
Maturity echedule of interest-bearing public Barketable securities lasuvd
or enarnnteed by the United States
28
29-31 29-31 29-31 29-31 29-31 29-31 29-31 29-31 29-31 29-31 29-31 31-33
Offering of Barketable issues of Treasury bonds, notes, and certificates
of Indebtedness
Disposition of matured marketable issues of Treasury bonds, notes, end
certificates of Indebtedness
Offering and maturities of Treasury bills.
32
32
32
32
33
33
33
33
33
3U-35 3lt-35 3l«-35 3it-35
3M5
32
33
3i*-35
(Continued on following pa^e)
32
32
32
32
32
32
3i»
35
33
33
33
33
35
3it-35 3't-35 3'»-35 3'»-35 31^-35 36-37
Treasury Bulletin
iv
Cumulative Table of Contents
-
(Continued!
laaue and page number
I9W
Aug.
Jaly
June
May
19U5
Apr.
Mar.
Tab.
Jan
Dec.
loT.
Oct
Sept.
of
Publlo debt and guaranteed obligatlong ~~" United States GoTernmant
(oontlnued)
United States taTln^i boadt:
Sammaij of ealei and redaaptiont, by aerlas
Hlitory of talos and radaaptlon*
Saloi by erieo, olaftslflod by donoalnations
Nuabar of placaa aold, olaeslflad by danoalnatlona.
Salaa by aerlaa, claaalflad by Stataa
Eadamptlona of aarlaa A-1, olaaalfiad by Stataa
Payroll aarln^a plana
36
36
36
36
36
36
Ul
Ul
Ul
Ul
Ul
Ul
36-37 36-37 36-37 36-37 36-37
38
38
38
38
38
'"2
39-Uo 39-Uo 39-Uo 39-Uo 39-Uo U1-U2
Ul
Ul
Ul
Ul
Ul
U2-U3
Traaaury notaa - tax and aaTlnga aarlaa:
Sunaary of aalaa and radeaptlona, by aarlaa
Salaa. claaalflad by:
U2-U3 U2-U3 U2-U3 U2-U3 U2-U3 UU-U5
Sanomlnatlott
UU
Typa of purchaaar
UU
UU
UU
UU
UU
UU
UU
UU
United Stataa savln^i staapa:
Suaaary of aalaa and redaaptloaa.
Salaa. claaalflad by daaoalnatlona.
U6
U6
U7
U7
.
Ownership of United States Oovernnent aeourltlea
Sumfflary
U9
dlatrlbutlon, by boldara
latiaatad ownarahlp by Tarloua clasaas of bank and non-banJc Invaatora.
50
Marlcet tranaactlona In OoTemaent aeourltlea for Treaaury iDvaataaat
accounta. aoatlily beglanlng January 1937
Treaaury 3\irTey of Ovnerahlp of United Stataa OoTaniaaBt aeourltlea
(Tedaral land bank bonda Included coaaenolag January 3I. 19^):
Ovnerahlp by banlca and Inaurance coapanlea:
June 30. 13U^
July 31 19'»5
iuguat 31. 19115
Septeaber 30. 19>I5
October 31, 19U5
NoTaaber 30. isk^
Deoaabar 3I, 19't5
January 3I , I9U6
fabruary 28. 19U6
March 31 19U6
April 30. 19W
May 31 19W
50
51-55
'»9-53
.
U9-53
''9-53
U9-53
'*9-53
51-55
51-55
51-55
51-55
,
,
51-55
51-55
Ovnerahlp by Tarloua olaaaaa of federal Heaerre aeaber and nonaember
commercial banks:
June 30. 19'<5
September 30, W"*?
December 31, 19M5
March 31 19U6
56-60
5U-58
56-60
56-60
,
Prloee and yields of OoTernment seourltlea
igsued by Federal asenoiee)
(
Inoludlng geourltlee
Orer-the-counter closing quotatlona and price hletory for public aarketable
aecurltlea isauad by the U. S. Oovenuiaat and by federal a^nclea:
July 31. 19lt5
August 31, 19U5
Septeaber 29. 19U5
Oc tober 31
,
62-6U
55-57
55-57
60-62
I9U5
Soveaber 30. 19't5
December 3I . ijk^
January 31 19U6
Tobruary 28. 191*6
March 30, igUfi
April 30. I9U6
May 31 , igUfi
June 30 I9U6
55-57
55-57
62-6U
,
57-59
57-59
62-6U
57-59
57-59
,
Chart ahovlng yield etructure of Treaaury bonda and notea.
60
60
ATerage ylelda of lon^term Treaaury bonda and hl^-grada corporate
bonda
Tlelda beginning vlth 1937
Chart
(Continued on follovlng page)
65
60
60
58
58
63
58
58
65
66
67
August 1946
Cumulative Table of Contents
-
(Continued)
Iinu and pe«* Enalxr
19>i6
Ang.
Jul/
Jvna
Nay
19U5
^r.
Tail.
Jaa
Dae.
lor.
Got.
Bapt
Corporations and oertaln othar agenolea of the
U. B. Oovernment
Aaaati, llabllltlai. taA oq^ltalt
Jma
30, 19I15
69.
Saptaa1>ar 50, 19I19.
67.
71-75
Dasemliar 3I. I9I19..
69.
73-77
Nareli 3I, 19>;£
69.
73-77
taana ontatwTiiHrn, olaaalfiad ^y typa af laani
June 30, 19U5
Saptamhar 30 19I15
Sacaabar ;i, I9U5
March 31, 19U6
70-71
6t~T0
,
70-72
70-78
laeaaa aad aapanaa:
TlBCal yaar 19U5
Tlrst thraa nonthe, fiscal yaar 19'^>
rirst alx BonthB, flical yaar 19'4£...
yiret nlna aonths, flical yaar 19^*
es-67
62-67
eh-69
at-£9
•
Sources and application of funds:
TlBCal year l?"*?
first three aonths. fiscal year 19^'
Hrst alx aonthe, fiscal year 19l|£...
Tlrat nine aontha, fiscal year 19'^*
6«-73
68-73
70-75
79-76
•
In ternal revenue BtatietloB
ColleetlonB of internal rarenuai
Sunoaiy data
61)
Chart
Ooo^aratiTe details for oorrant periods.
65
66-67
78
79
80-a.
79
80
6k
65
66-67
77
7«
79-»
79
80
81-8S
62
63
6lt-65
76
77-7*
77
78
79-80
62
63
71
78
79
6I1-65 77-78 80-81
Monetary Btatiatios
Balance sheet of the Xxehanfe Stahilisation ^andl
June 30, iglt?
67-68
Saptemtier 30, 19>45
SacaBber 31, 191*5
March 3I. 19I16
Ocld aaseta and liabilities of the Traastiry
Incr«aent frea reduction In weight of gold dollar
latire to:
September 30, 19115
December 31 19U5
March 5I, I9I16
67-68
69-70
69-70
71
"71
«3
'69
82
•
69
,
June 30, 19I16
Treaauiy gold receipts, for recent quarterly periods
Monetary etocka of gold and silTsr
CoD^onanta of sllTar monetary stock
Silver production in the United States and ailvar anquisitlon by mints and aasay afflcaa
Seigniorage on ellvar. by typaa
Money in clxculatien
83
s
81*
Si
Capital ipovementB between the United Statea and foreign
countries
Diaeuaalon of CB^osltion of atatl sties
Historical BUffliiiary of net ce^ltal oTSaont since 1935*
Sumaary by countrlee
Details:
May 191*5
June 19U5
July 191*5
ingoat 191*5
'
September 19>*5
October 19U5
Soiember I9U5
December 19U5
January- yebmary 191*6
March 191*6
Poaltion In foreign ourrenclas
7'*-75
76-78
88-89
79-«'l
90^3
2
90-106
76
n-93
87
88-104
87
71*
90-106
75-91
86-102
88-ie>*
76
77-93
9'^-96
105-107
io>i05
92-9>»
107-109
105-107
9>t-96
L07-109
9i>-99
85-87
88-91* 100-107
U0-U7
97-101*
108-U5 110-U7 95-102 106-113 108-UU 97-102
82
August 1946
A-l
Letter from Secretary Snyder on the Financial Agreement with Britain
to the Chairman of the House Banking zmd Currency Committee
Washington, D.
July 10, 191+6
My dear Mr.
Spence:
As you know,
mittee
were
on
C.
the
hearings
before your Com-
the Anglo-American financial agreement
almost
concluded when
I
became Secretary of
the Treasury.
In view of the able expositions of
my predecessor In office and other administration'
officials,
I
did not believe It necessary to seek
an opportunity
to express to your Committee my
similar views with respect to the agreement.
Re-
oent
developments,
however,
that It is desirable and,
have
convinced me
In fact. Incumbent upon
of
me as Secretary
the
Treasury to express my
profound conviction that the approval of the
agreement with Britain Is a matter of utmost importance and urgency.
Testimony of witnesses before the respective
Committees of the House and Senate as well as the
debate on the floor of the Senate have, in my
set
forth with admirable clarity the
Judgment,
basic economic and financial reasons why the approval of the financial agreement with Britain is
important to the future well-being
of this counand the world.
These discussions have, I
think, afforded an exceptionally clear and intel-
I think that in the Interest of all of
us, a
decision to approve or disapprove the proposed
credit to Britain must be based exclusively
upon
those considerations of economic stability
and
world peace which the financial agreement was de-
signed to foster. World "trade expansion and the
elimination of economic warfare are the twin objectives of our foreign economic policy. They
cannot
be
achieved in a world of currency rediscriminatory trade practices and
economic blocs.
I am convinced that the AngloAmerican financial agreement is necessary to the
achievement of our objectives.
If we are serious
about our intentions to lead the world to peace
strictions,
and prosperity, we cannot, in my Judgment, reject
this opportunity to take the initial step.
The financial agreement with Britain Is a
sound economic and financial deal for the United
States.
It was soundly conceived and expertly
negotiated.
It Is my fervent hope that the Congress will not, at this Juncture, be diverted
from the major objectives toward which much of
its legislation has been directed in the last few
years but will give its approval to the AngloAmerican financial agreement.
try
ligent basis
decision.
for
ever, this original clarity has been partially
dispelled in recent days by the introduction into
the debate
of
extraneous issues.
of some,
get
the
broad
United States
foreign
I
There has been
think, to for-
economic
a tendency on the part
policy of the
Influenced by
which should be settled separately.
and
to
be
Very sincerely yours,
Unfortunately, how-
Issues
John W.
Snyder
Secretary of the Treasury
Honorable Brent Spence
Chairman, Committee on Banking and Currency
The House of Representatives
Washington, D. C.
Treasury Bulletin
A-
Treasury Market Financing During June
Hlitorleal detail! of Treagury narket flnooolng operations IdtoItId^ bonds,
notes, and certificates of Indebtedness, beginning with the Fifth War Loan,
are published In the tables on pages yZ and 33* Details of weekly Treasury
bill offerings are shown on pages 3** B»d 35-
Refunding an6 Cash Payment
subscriptions from holders
Issue of 0.90^ Treasury
notes, outatanaing In the amount of $')-,910 milOn June 1^, 19'+6, the Secretary
matured.
lion,
of the Treasury announced that about $2 billion
the maturing notes,
On July 1, 19^6,
an
maturing notes would be paid off In cash
and the remainder would be exchanged, par for
par, for a one-year Issue of 7/8^ certificates of
Exchange subscriptions were reIndebtedness.
of
the
ceived subject to allotment to all holders on an
equal percentage basis, except that subscriptions
In amounts of #25,000 and leas were allotted in
Cash subscriptions were not received.
full.
notes
The
maturing
on
July
were.
1
In
effect, a part of the regular series of 7/8^ certificates maturing on the 1st of etob month.
They were Issued as of June 1, 19't-5 In exchange
for an Issue of certificates maturing on that
date and an Issue of Home Owners' Loan CorporaThe Issue was
tion bonds called for payment.
made a 13-month Treasury note to prevent over-
lapping the certificate Issue then being sold In
Seventh War Loan with a maturity date of
the
June 1,
On June 28,
the
Secretary of the Treasury
announced that subscriptions for the new issue
aggregated $4,673 million.
Subscriptions
of
$25,000 or less were
amount of $42 million.
The Treasury
reports on the ownership of
Indicate that on May 31»
securities
1946, about 78^ of
the |4.9 billion
of
maturing
notes was owned by reporting oonmierclal banks and
The ownership figures for
Federal Reserve Banks.
Trading In the
May 31 are the latest available.
market after that date probably resulted In some
shifts In ownership between banks and nonbsmk Investors.
and
The new certificates were dated July 1, 1946
Interest at the
mature July 1, 1947-
will
of 7/8^ per annum Is payable on January 1
July 1, 1947 and Is subject to all Federal
and
rate
Income taxes.
The certificates were Issued In bearer form
only In denominations of $1,000, $5,000, $10,000,
Subscription books
and $1,000,000.
$100,000,
were opened on June 19, and closed at the end of
business
on
June 21,
except
for
the
receipt of
allotted In full In the
Subscriptions in amounts
of over $25,000 were allotted 62^ on a straight
percentage basis, but not less than $25,000 to
any one subscriber and with adjustments to the
next highest thousand where necessary.
Total
allotments amounted to $2,9l6 million leaving
$1,994 million to be paid off in cash.
Total Cash Pay-Offs to Date
With the payment
the notes maturing
July 1, 1946, the Treasury
off $12.2 billion on $23.9 billion of
had
paid
maturing and
called securities since
February 1946.
the total
Thus,
was paid
for
slightly
off
table shows the amount
Date
cash of $2.0 billion on
in
on
more
in cash.
the
end of
than 50^ of
The following
each Issue maturing or
payment during this period, and the
amount of cash pay-off.
Government
$25,000 or less of
open through June 24.
called
13'^6.
of
for which the books remained
of
August 1946
A-
Financial Operations of the United States Government
During the Fiscal Year 1946
On July 2, 19'«6,
Secretary Snyder Issued a press release revlevlng receipts, expenditures, and changes In the
public debt during the fiscal year I9U6.
This offers a
convenient review of the material in various tables of the
"Treasury Bulletin',
and is presented below with alnor
revisions designed to Integrate the aaterial with regular
tables published in the "Treasury Bulletin".
Summary
The Treasury closed its books with a deficit
of
122.0 billion
compared with a deficit of
as
l53'9 billion last year, excluding transactions
checking accounts of Governmental corporain
Operations in Oovernmental corporation
accounts (other than sales and redemptions of obligations in the market) resulted in net receipts
tions.
for
the
year of
net receipts
for
$1.0 billion, as compared with
the preceding fiscal year of
tO.k billion.
public
The
including
debt,
publicly held
stood at $269.9 billion
guaranteed obligations,
compared with |259.1 billion a
as
on June 30,
year ago, an Increase of flO.S billion.
The general
fund
cash balance
amounted to
lion below
balance
the
year was marked
the close of the year
at
billion, which was
tl''-.2
by
$10.5 bil-
June 30. 1945The
drastic reductions in Governon
ment expenditures due to the cessation of hostilities,
by a substantial improvement in the budg-
etary outlook, and by
retirement on March 1.
the
commencement
of
debt
Receipts
for
after deducting $1.2 billion
Net receipts
the Federal Old-Age and Survivors Insurance
Trust fund,
$3-^ billion
expenditures
pared with
amounted
less
to
than
amounted
$^^3.0
the
to
billion, which is
year before.
Total
$65.0 billion as com-
$100.4 billion last year, a reduction
of $35.4 billion.
The reduction in receipts was accounted fox
Income
largely by a decrease In income taxes.
taxes withheld by employers under the current Tax
Payment Act of 1943 amounted to $9.4 billion as
compared with $10.3 billion the year before.
Other Income taxes amounted to $21.5 billion as
compared with $24.9 billion In 1945-
Miscellaneous receipts for fiscal year 1946
Included proceeds from sales of surplus property
under the Act of October 3, 1944, amounting to
$0.5 billion. Approximately $1.2 billion was received on account
of
renegotiation
of
war con-
tracts
as
compared with $2.0 billion for fiscal
year 1945.
See Table
1 at the end of this article for a
of budgetary receipts for the fiscal
years 1945 and 1946.
A history of receipts from
comparison
1937 to date appears on page 5.
For a detailed
analysis of internal revenue collections see
pages 64, 66, 67.
Expenditures
Expenditures
since V-E Day.
have
declined
substantially
The following table shows comparative expenditures by quarters.
Period
Treasury Bulletin
A-1+
payments for United Nations Relief and Rehabilitation Administration.
Expendlturea classified as General Includamounted to
ing transfers to trust accounts,
billion comI16.5 billion, an Increase of |6.1
pared with 19'*^5. Of this Increase, $'«-.6 billion
latter Item decreasing $1.0 billion on account of
excess profits tax refund bonds.
Of the public Issues, marketable obligations
,
expenditures
or about 76^ Is accounted for by
that are war related and sometimes referred to as
"aftermath of war," I.e., Interest on the publlo
debt, refunds of taxes and duties, and veterans'
benefits (Including transfers to the National
Service Life Insurance rund shown under "transIn addition, a
fers to trust accounts, etc.").
expenditures were
substantial amount of general
made to carry out responsibilities of the post1500 million
war period. Chief among these was
paid to the Commodity Credit CJorporatlon to be
used for postwar price support of agriculture;
$67'(- million for subscription to capital stock of
the Export-Import Bank; and $159 million for subInternational Bank for ReconThe remaining catestruction and Development.
gories of other general expenditures showed a net
Increase of only |152 million, due to the race- =
and
In 19lt-6 of repayments of I165 million capital
the Fedsurplus from the Federal Land Banks and
scription
Increased $8.3 billion as follows:
outstanding
Treasury bonds Increased $12.9 billion; certificates of indebtedness Increased $0.7 billion,
while Treasury notes and other marketable securities decreased $5-3 billion.
nonmarketable
the
In
while
lion,
$3.iV
Treasury
outstanding
group,
increased
United States Savings Bonds
savings
$3'''-
notes
bil-
decreased
•
billion.
A comparison of the public debt outstanding
on June 30, 1'^^ and June 30, 19M-6, classified by
types of Issues is presented In Table ^ at the
Pages 23 to 25 contain adend of this article.
information
ditional
relating to the public debt
from June 30, 1937 to date.
the
to
The direct debt reached
its peak on Februwhen it amounted to $279.2 billion.
prompt cancellation of war contracts,
ary 28,
Due
19'*^6,
to
speedy demobilization of the armed forces, and
curtailment of war emergency agencies, combined
Farm Mortgage Corporation, as compared with
no provi$63 million In 19'*5. and the fafct that
restore the
sion was made for payments In 19^+6 to
with other
capital Impairment of the Commodity Credit Corporation, whereas In lS'^-3 there was an expenditure
nance
of t237 million for this purpose.
duction program has been under way.
eral
factors which
outlook, a substantial
during
since
Victory Loan was
the
money raised
required to fi-
the
not
Consequently,
end of February a substantial debt re-
From Uareh 1
$19.0 billion of marketable isOf
sues matured or were called for redemption.
this amount $10.2 billion were paid off in cash
19M-6,
(exclusive
of
notes
Treasury
Public Debt
of
expenditures.
Q-overnment
the
to June 30,
Additional Information on expenditures Is
presented In Tables 1, 2, and 3 at the end of
this article, and on pages 5 and 6.
Improved the budgetary
part
$2.0 billion
maturing July 1
the
pay-off of the
which was an-
nounced on June l'*, XShd) To the extent that the
maturing obligatlona were not paid off, they were
.
The gross public debt amounted to <^^69.'^ billion on June 30, 19*^6, as compared with %Z3t.l
billion at the close of last year, an Increase of
This Increase Is accounted for by
$10.7 billion.
of $22.0 billion, a decrease In the
a deficit
general fund balance of $10.5 billion, and an excess of receipts In trust accounts, etc., amount-
refunded into 7/8^ one-year certificates of indebtedness.
Table 5 a* the end of this article
shows the disposition of the marketable Issues
matured
or
beginning
ing to $0.g billion.
called between March 1 and June 30,
19'*6.
For offerings and disposition of Treasury
bonds, notes,
and certificates of Indebtedness
with
the
Fifth War Loan
see
pages 32
and 33.
debt during
billion was repre$8.2
fiscal year 19'*6,
the
sented by Interest-bearing public Issues, and
$3.5 billion by Interest-bearing special Issues
Of
the
increase
In
the
public
trust accounts administered by the Treasury;
to
these Increases being offset by a net decrease of
$1.0 billion
has
ceased,
matured debt on which Interest
and nonlntt rest-bearing debt, the
In
Of the $19.0 billion marketable debt maturing or called for payment from March 1 through
June 30, commercial banks reporting In the Treasury Survey of Ownership of United States Government Securities held about 50lt; another 18^ was
held
"by
Federal Reserve Banks; and
Investors
and
nonreportlng banks.
32^1
by nonbank
Table 6 shows
August 1946
A-5
distribution of the matured and
called Issues aooordlng to the latest reports rethe ownership
of Ownership prior
ceived by the Treasury Survey
payment In each case. Additional
Information on ownership of Government securities
to the date
of
Is presented
the chapter beginning on page 44.
In
Average Interest Rate
Interest payments
on
the public debt during
the fiscal year 1946 amounted to $4.7 billion, an
which is
high,
all-time
$1.1 billion more than
The average Interest rate on
was paid In IS'^SIncreased from 1.936ft
the Interest-bearing debt
on June 30, 1945,
This Increase
several
factors,
one
ment of |6.6 billion
since
debtedness
June 30, 19'+6.
was due to
of which was the retire-
1.996^
to
on
the general average
In
of
7/3^ certificates of inof February. Special
end
the
Issues which carried an
average Interest rate on
June 30, 1946 of 2.44g^, or about 1/2^ above the
general average, were increased during the year
The monthly trend of Interest
by $3 -5 billion.
rates during the fiscal year 1946 for the several
types of interest-bearing securities is shown in
Table
The
7-
computed Interest charge and com-
puted Interest rate on the public debt from 1937
to date is presented on page 27-
is a comparison
of redemptions with amounts outRedemptions of Series E Bonds stated
as a percentage of
the amount of E Bonds outstanding amounted to 1.45^ in June 1946, and were
lower on this basis than In any month since July
standing.
19'^5.
The
redemption of savings bonds should be
viewed in the light of the fact that these bonds
are nontransferable and are redeemable at any
after
time
fixed periods (60 days for Series E
from date of Issue.
These features were
especially incorporated in the bonds to adapt
them primarily for the investment of savings of
Bonds)
individuals
of limited means and so that they
readily redeemed to meet emergencies
without loss of principal.
Complete data on the
sales and redemptions of savings bonds are shown
on pages 36 to 44.
could
be
Guaranteed Debt
19'«-5.
On June 30, 1946, as was the case on June 30,
only two groups of unmatured obligations
of governmental
corporations and credit agencies, guaranteed as to principal and Interest, except those held by the Secretary of the Treas-
ury, remained outstanding,
totalling $467 million
on June 30, 1945.
The unmatured obligations include $424 million of
demand obligations of the Commodity Credit Corporation Issued to commercial banks in connection
with oommodity transactions, and $43 million of
debentures Issued by the Federal Housing Adminisas compared
Savings Bonds
While sales
savings bonds decreased and
of
redemptions Increased in the fiscal year 1946
compared with the previous year, sales (including
accrued
billion.
discount)
Sales
exceeded
have
notwithstanding the
held
termination
averaging better
drives,
month since January 1946.
to the fears
of
redemptions by $3'5
remarkably well,
up
many^ have
of
the war loan
than $650 million a
Redemptions, contrary
not
been unreasonable.
reached their high point in llarch 1946,
when redemptions of all series of savings bonds
amounted to about $634 million, followed by $621
tration
During
In
the
with
$409 million
connection with mortgage insurance.
the securities of governmental
year
corporations and credit agencies held directly by
the Treasury decreased from $12.2 billion to
$11.7 billion.
They
million
in
million
in
April, $552 million in Uay, and $519
Possibly an even better gauge
June.
A statement of guaranteed obligations outstanding is included In the tables on pages 23 to
For information concerning guaranteed obli25.
gations held by the Treasury, see page 27.
Treasury Bulletin
A-
Table !•- Budgetary Receipts and Expenditures, Fiscal Years 1945 and 1046
(In millions of dollara)
Receipts:
Internal revenue:
Income tax:
withheld by employers (Current Tax
Payment Act of 19**?)
Other
MlscellaneouB Internal revenue
Social security taxes
Taxes upon carriers and their employees
191*6
Expenditure* (oontlnued)
War Aotlvltlec
War Departaent
9.392
-897
21,1493
10,289
191*5
50.399
27,852
Kavy Departnant
30,01*7
15.161
1,198
1,01*1
Change
191*6
191^5
3,391
7.725
1,418
776
-76
-2
Agriculture Departaent
283
13
^35
122
60
185
91
70
80
695
13
J55
Federal Security Agenoy
Federal Works Agenoy
Railroad unemployment insurance contributions
285
National Housing Agency
Customs
+80
Treasury Department
United States Uaritlie CosmlBSlon
3.
i*7,7i«)
Total receipts
Deduct net appropriations to Federal OldAge and burvivors Insurance Trust Fund.*.
Net receipts
1,283
lie, 1^57
'80
M*,239
1,201
1*3,038
3,227
691*
War Shipping Administration
Mlscellaneoua receipts
1,1*62
2,01*2
1,367
Aid to China
lltO
120
Payments for United Nations Relief and
Rehabilitation Administration
111*
661*
+10
-3,501
-82
-3. 1*19
Surplus property disposal agencies....
Other
Expenditures:
General:
Departmental (not otherwise classified]
Agriculture Department:
Agricultural Adjustment Agency
Commodity Credit Corporation:
Postwar price support of agriculture
Restoration of capital Impairment..
Other
Bretton Woods Agreements Act:
national Bank
8S1
957
+7fc
281
292
611
Total war activities expenditures
90,029
1*8,51*2
Transfers to trust accounts, etc.:
Adjusted service certificate fund
9
500
121
-%
159
+159
671*
+671*
516
+61
108
1S5
+11*
Inter-
Federal Security Agency;
Social Security Board,.
Other
1^
100
-
122
+22
Federal contributions to District of
Columbia
50
Federal Works Agency
61
+11
Oovernment employees' retirement funds
(United States share)
Reclamation
12
iw
+28
Panama Canal
9
18
+9
Post Office Department (deficiency)....
1
161
+160
Railroad Retirement Board
6
6
Railroad unemployment insurance administration fund transfers to unemploy
ment trust fund (Act Oct. 10, I9U0).
11*2
16s
+26
Surplus Commodity stamps, agriculture.
-11
Total transfers to trust aocounte, etc.
National Housing Agency
River and harbor work and flood control
Surplus property disposal agencies
11
Tennessee Valley Authority
20
29
3.617
',722
+1,105
88
2,91*7
-806
+2,126
2,871
National service life insurance fund.
Railroad retirement account
+9
1,937
Treasury Department;
Interest on the public debt
Refunds of taxes and duties:
Excese Profits Tax Refund Bonds,...
Other
*
.
.
.
821
Veterans' Administration...
93"^
Total general expenditures.
8,730
1/
11*.
559
+5,829
106
1,022
+11
500
Export-Import Bank of Washington
capital stock
Interior Department
Projects
1/
Total expenditures (exoludlng publlo
debt retirements
Net deficit.
100,1*05
53,91*8
August 1946
A-7
Table 2,- Government Expenditures, Fiscal Years 1941
Part A,- Summary
(In millions of dollars)
-
1946
Treasury Bulletin
A-S
Table 3.- War Expenditures, Fiscal Years 1941
(In nllllons of dollars)
-
1946
August 1946
A-9
Table 5.- Dleposltlon of Matured Marketable Issues of Treasury Bonds, rtotes, and
Certificates of Indebtedness March 1, 1946 - June 30, 1946
(Dollar figures In
Maturity or
call date
fflllllone)
Treasury Bulletin
A- 10
Table 7.- Computed Interest Rate on the Interest -Bearing Public Debt
(
Peroent)
Marketable
End of
month
1.936
1.9^7
191*5- June
July
August.
.
.
.
September.
October.
November.
December.
.
19^6-January.
February.
March
.
April
May
June
1/
2.315
2.3l4
1.204
1. 9^*5
2.31"*
1.204
1.9^3
2.309
2.309
2.312
2.323
1.201*
l.?0l*
1.201*
1.970
1.972
1.979
2.321*
1.9S9
1.996
1.996
l.9'*5
1.950
1.965
Computed on true dlsoount basla.
Nonaarlcetable
Certificate of
Indebtedneea
General
average
Bllle
1/
Savings
bonds
Tax and
savlnga
notes
Other
Special
Issues
2.U76
.875
.875
.875
.381
.381
.381
2.789
2.789
2.788
1.076
1.076
1.076
2.0
2.0
2.0
2.1*59
1.215
.875
.875
.875
.875
.381
.381
.360
.381
2.788
2.787
2.787
2.786
1.070
1.070
1.070
1.070
2.0
2.0
2.0
2.0
2.1*59
2,1*80
1.270
1.270
1.289
.875
.875
.875
.381
.381
.381
2.78"*
2.325
2.319
2.783
2.781
1.070
1.070
1.070
2.0
2.0
2.0
2.319
2.319
2.307
1.2S9
1.289
1.289
.875
.875
.875
.381
.381
.381
2.780
2.778
2.777
1.070
1.070
1.070
2.0
2.0
2.0
1.20l<-
2.W3
2.1«9>*
2.U98
2.1*93
2.1*98
1:121
Avyust 1946
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(In
allUona of dsllare)
Coaplat* f Ileal /eara, I9U3 to
19>IT
Estlmatad 1/
Cbaii£e
ActUAl
194J
1^
19"45
19>>6
19^7
19I15 to
aetuBl
19lt£
Hecelpte:
Internal revemie:
Income and proflta taxee
Itaploynent taxes
Hlecellaneona Internal roTemie 2/
l6,09U
OuetOBB
32U
Other receipts 3/
9l6_
3^.655
1.739
5.291
35.173
1.780
6.9't9
H31
-3.1*110
-79
*775
165
'•35
U63
81
28
355
3.398
10
-95
239
Mo. 919
-3.501
-3,320
-82
Veterans' AdnlDietration, Interest on pa^llc
retandM of taxes and duties:
Veterans' Administration
6/
Interest on the public deht
Hefunds of tazea and duties j/
^
Total.
k^.Uoe
1*7,7110
1,103
1,260
1,283
1.201
1.329
ta>,iii9
W.'«7
1*3.038
39.590
2U2
26.538
11.259
50.337
30.0*7
9,6li5
27.800
15,161
5.581
87.039
90,029
1|8.5'*2
602
1,808
730
2.609
262
2,060
3.617
1,707
"•.253
1*,722
3.601
7.3811
12,002
1(9,
Total.
1*1*.
76^
International finance:
Bretton Voode lereements Act:
International Bank
International Monetary ^jnd
Sxport-Import Bank - o^itnl atook.
All other
3,027
67ii
«33
^
8/.
Public works
-22.537
-lU,g86
-U.06U
-19,800
-10.011
+2U7
18.978
-1(1.1*87
-29.561*
2.193
1.105
1.320
-1.170
n.a.
5.000
1.857
n.a.
27s
U.618
159
n.a.
n.a.
n.a.
3.093
6711
*833
n.a.
n.a.
2.260
909
762
980
218
n.a.
735
803
815
852
+37
a. a.
'»33
323
1*07
85
n.a.
1,093
1.1*03
311
n.a.
1,1U2
5/
958
Sxpendltures trcm anticipated suppleBental
appropriations
Total expenditures.
y
g.OOO
5.150
5,828
5^3
Social security procram
*
-3, 1*8
1.163
^
Aid to apiculture
n.a.
1*19
159
Total
Source:
-3.
deM, and
2,1*87
let hndgetary deficit
21
3.i^93
3.292
72.109
tipendlturee
War aetlTltles:
Ver Departnent
VaYy Department
Miscellaneous var actlTltlea k/
y
-lt.288
7.7I46
20.888
8.995
Set receipts
Other
27.'A5
1.866
22,282
leas:
Vet ^jpropriatlons to federal Old-A^e and aarrlTors
Insurance Trust ^nd
to
30.885
1.701
7,725
23.3«5
Total receipts
Actiial
I9W
•BtlBated
I9U7 1/
.
160
160
78.179
93,7"*
55.897
"•9.595
Dall^ Treanry Statement, except ae noted.
Leas than I^CX) thonsand.
Not available.
Based iq>on the 19U7 Bod^et dooament ae revised i\)ffuat 3, I9U6.
IneludeB ehlefl/ alcoholic bevera^ taxes, tohacoo taxes, aamiXacturers' and retailers' excise taxes, and estate taxes.
Includes deposits reeultln^ from the renegotiation of var contracts.
Information on the amount of such deposits is not available on the
basis of Dally Treasury Statements. On the baeis of ooverinc varrants, such deposits were as follcve:
fiscal year 19^3. l538 million; fiscal year 19U4, $2.23^ million; fiscal year 19%. |2.04l
allllon; and fiscal year 1946. $1.0^1 million. The last figure Is
subject to dbaagt. These figures include so-called voluntary
returns
Classification changed to reflect expenditures of surplus property
100,1*05
UI.030
-35.386
-23.989
53.91*8
5/
2/
65.019
21,981
1,1*1*0
-31.967
-20.51*1
diiposal a^nciea for the fiscal years 19H6 and 191*7. Prior year
expemdltures are Included under 'H)ther".
Includes transfers to trust accounts, etc.
Includes expenditures for public works undertaken by Veterans' Ad-
Inlatration.
2/
8/
"fiefonds of taxes* include amounts transferred to public debt accounts to cover issuance of excess profits tax refund bonds and exclude refunds of taxes under the social security program, ^r dlsousaion of excess profits tax refund bonds, see following chapter.
Table 3.
Includes railroad retireaent and railroad unemployment actlTlties
and excludes expenditures made by Office for SiierMney Mana^ment.
Var Manpower OommlsBion (D. S. fciployment Serrlce) under anthorlty
of the Social Security Act.
August 1946
Public Debt and Guaranteed Obligations Outstanding
(In
alUlona of dcllart)
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
August 1946
Budgetary Receipts and Expenditures
Table !•- Summary by Major Classifications
(la Blllieni of doll*ri)
Xxpandlttiraa l/
S«o«lpt«
Laas nat
^ipropriatlona
Orot> r»eeipt«
?1io«l1 7«&r
or aonth
to ITadaral
Total
r60«lpti
latamal
r*r«Daa
Cttstona
Othar
racalpta
Old-A^ and
SorrlTort
5.29U
'».597
e,2it2
19''0.
5.925
8.269
13,668
23.385
5.67t
5.161
5.303
7.362
19U1.
>W6
359
319
3U9
392
210
208
188
273 2/
515 2/
286 2/
Total
axpandl-
Oanaral
ttoraa
War
actlTIttet
5/
Inattrmnca
Truat fund
1937.
19381939-
Set
raaalpta
265
387
503
558
661
869
1.105
1.260
1.285
1.201
5.029
5.855
5.165
5.587
7.607
12.799
22,282
8.177
7.239
8.707
8,998
12,711
6.6U1
5.985
7.515
7.109
6.079 10/
6,005
5.635
6,lU9
8,750
929
1,029
1,206
1.657
6.301
26,011
72,109
87,039
W*,239
113,902
lto.310
•>5.058
19U5-Juno
5.916
5.38U
53
Ugs
2
5.91't
'),9n
I.U69
July
2.75"*
2.527
2.gU9
U.8U7
35
32
30
195
Uoo
515
59
283
2
2.695
2.997
8.557
702
793
1,210
7,837
7.325
6.599
5.567
2.3'to
36
35
32
U2
205
52
2.530
787
5.U6
19'«3.
igUfc.
19U5.
19U£.
An^st.
.
.
Septsttbar.
Octobar. .
Borombor.
Dacambar.
igUfi-January.
.
Tabruary.
March
April
May
June
80 urea I
3.281
5.192
2.581
2.609
38?
zz'.im
Ui.685
2.3,83
>»,122
3.9^
3,BUg
3.875
5.762
3.'t5l
3.6gl«
2.73'»
^\
?3l
5.583
2.310
2.3O8
>>,oeo
55
916 j/u,
3,292 11/
3.Ug3 u/
5.1^5
ltU,ilt9
"»6,li57
5.W9
!•?"
6.611
l'».559
^f^
1/
•to.
?/
6O8
225
187
232
551
581
U55
1,918
555
lU
3'»
791
660
2,028
1,U90
265
3
U,ii79
10/
11/
for furthar detalla. tee Table 3«
Tor further detaile. aee Table U,
7or further details, see Table 5>
Total azpandituraa lata net receipts.
Bepreaentfl axpendituree for public debt ratlreasnta which are chargeable to the sinking fund, etc. under special proTlsions of law.
Includes racoTaries of U. S. InvastBants In capital funds. Such reooTerles totaled S^U ailllon In the fiscal year 19^1 $319 llllon
5.677
5.513
1,'«X)
3.611
5.103
19.598
55.897
65
95
5
55.9*8
21,981
3.727
5.862
».357
1,»22
1.075
U,891
3.510
'».251
58
lUS
25
200
95
5.8I9
5.678
5.7^7
2,677
2.755
V
3.5'*2
68lt
55"
158
158
15
lou
5. '•17
>>.2>I5
lt,602
3.1'»9
l,38ll
''9.5?5
U,226
1,201
3,066
5
-16s
-l.lW
'•'^
1,05't
in the fiscal year 19^1t $18 alllion in tha fisoil year 19^2: and
$10 llllon in the fiscal year 19U3.
Receipts froa reductions in capital stock and paid-in surplus
aTallable to be reissued under existing law are included as negaSuch reductions totaled $313 alltira iteas under expenditures.
lion.
Includes deposit* resulting from the renegotiation of war contracts.
Inforaation on the aaount of such deposits is not aTallabla on the basis of Dally Treasury Statements. On the basis of
ooTerlDg warrants, such deposits were as follows: fiscal year
19^3* $3^8 ailllon; fiscal year 19^U. $2,239 ailllon: fiscal
year 19M5, $2.0Ul ailllon. and fiscal year 191*6, $1,051 ailllon.
Theaa figures include so-called Toluntary returne. The last
aaount is subject to reTision.
Table 2«- Analysis of Receipts from Internal Revenue
(In ailliona of dollara)
Ineoaa and profits taxes
eats
6/
2.702
2.550
2.560
2.182
1(30
5.t%
579
649
367
Public
dobt
rotlro-
3.H2O
2,282
1.527
».656
U.us
Daily Traaaury Stateaent.
Laaa than $^00 thoaeacd.
Kxcludai aaonntt for publle d«bt retlraaaDt which ara ohargaabla to
tba alnklii£ fond, ate. under apaclal prorlalona of law.
For further detalla. aae Table 2.
ror explanation aea tablaa which follow antltlad "Social Security
Fiscal year
or aonth
accounts.
lot
Dudgotarj
loflclt
38
2.37"»
142
Program''
8/
to trust
^
32.397
76,17?
93.7'W
100 ,'405
65,019
19112.
Transfer*
2/
Treasury Bulletin
Budgetary Receipt0 and Expexidltures
-
(Continued)
Table 3.- Analysis of General Expenditures
(In
BlUlou
Teterant' AdAlaletratloo.
Interest on public debt, end
refiinds of taxes «id duties
Fiscal jrear
or month
Total
general
expenditures
1/
of dollara)
Other general expenditures
Depart-
fiefusda
Veterans'
AdnlnlBtration
2/ i/
Interest
on the
public
debt
Id
of
taxBs
and
duties
to
agriculture
Social
security
program
1/
y
ental
Poblle
work!
not
otherwise
1/
classified
Clvlllaz
Conser-
Tatlon
Corps
6.61*1
5.9«5
7.313
7.109
6.079
igito
191*1
6,005
5.615
6.1U9
8.730
19112
191*3
191*4
191*5
191*6
1.503
1.567
1.564
1.687
1.751
581
382
557
866
926
557
553
,0>tl
1,906
555
572
629
93U
2.871
1,260
1,808
2,609
3.617
4,722
262
1.707
3.027
1.009
211*
1U9
16
156
266
2,1*56
3-500
6,2^
ii'.ssg
1.1*69
191*5- JUB*
July
August.
Septeater.
.
.
Oetoter..
.
10,620
1.319
525
556
1,060
103
110
112
787
387
281
1.022
IU2
162
1*30
Decenber.
1.201
19l*6-Jaiiuary.
.
791
582
rebruaiy.
Narcb
660
2.028
1,215
i«>rll
1.1*90
MV
l.MOO
3,066
June
Source:
*
1/
2/
^
U/
^
6/
2/
1*67
,111
56
59
66
89
87
181*
1.021*
l*,l*l6
851*
801*
5.751
1.228
1.000
1,51*1
91*9
51*6
81*7
738
525
386
326
290
283
257
515
680
5UI*
163
511*
51*3
"•33
590
692
788
18
529
550
S07
81*2
12/
33
25
971
5.1*21
U/
U.327
2.1*72 12/
098
093
912
763 12/
3.938
99815/
91
''.099
76
3.178
2,6U9
1*97
510
Ugl
517
1.1*76
2.21*2
167
lUl
125
1.573
1.376
138
129
1.895
970
299
17
in
220
255
318
1*7
65
1*6
301
176
2}«
150
28
6U7
26
61
2U
6U
11/
Hi
82
Moo
35
20
26
73
31
37
68
66
67
15/
111
18
65
1(0
50
32
83
65
77
111
111
99
81*
817
11*8
?3
178
251
209
193
813
516
387
385
660
309
118
61*6
1.103
1,015
1*06
171*
'*15
2.1*07
1*96
106
1.395
10/
67
5.136
172
702
793
1.210
VoveffllMr.
91*1
Mlsoellaneous
2/
8/
1937
1938
1939
Direct
and
work
relief
Dally Treasury Stateaent,
Less than $500 thouaand,
Oaneral expenditures now include expenditures for rerolTiag fundst
back figures hare been rerlsed accordingly.
Includes public works undertaken by the Veterena* Adainlstratlon.
Does not inolude transfers to truat accounts, etc* These are
shown in Table 5.
"Befuads of taxes" include aaounts transferred to public debt aocounts to cover issuance of excess profits tax refimd bonds and
exclude refunds of taxes under the Social aemirity prograa.
Xxoeas profits tax refund bonds were formerly Issued to corporations entitling thea to a post-war credit eqxial to 10% of the exeees proflta tax paid. The Tax Adjustaent Act of 19^ reduced by
10^ the aaount of excess profits tax to be paid and abolished the
post-war credit, for aaounts of excess profits tax refund bonds
issued, see the first table In chapter entitled "Public Debt and
Ouaranteed Obligatlone of the United States OoTeraaent* , Outstanding exceas profita tax refund bonda may be redeeaed at the option
of the holder connenclng January 1» I9U6; when aueh redeaptlons
oceiir, they will appear as retirements of public debt*
ConalBts of Adainlstratlon of Sugar Act of 1937i Agricultural Adjustment Agency, exportation and domeatic consuaption of agricultural commodities, 7arm Credit Admlnlatratlon. Tarm Security Administratlon, Federal 7ara Mortga^ Corporation, Federal laad banks*
Bural Zlectrlfioatlon Administration, Soil Conserratlon cad Xxtansion Service, Department of Agriculture departmental expendlturas,
and other.
Includes railroad retirement and railroad unemployment aetlTitles
and excludes expenditures made by Office for Imergaaoy Managament,
War Manpower Commission (U. S. iDployment Serrlee) under authority
of Social Security Act.
For further details, see tables which follow on the Social security program.
Includes public buildings, public highways (including foreet roada
562 15/
98
23
77
8/
27
10/
11/
12/
13/
1^
1^
23
5
23
7"*
56
73
7
188
ll*/
11
10
111 ii/
111
u
1*2
129
121
66
101
l.lUl iM/
lit/
216
Hi
HI
^31 IH/
and trails), river and harbor work and flood control, Tennessee Valley Authority, Federal Public Housing Authority (formerly tj. S.
Housing Authority), reclamation projects and the Public Vorka Administration. Secludes certain expenditxires for public works In connection with war activities by the Federal Works Agency, beginning
July 19U1.
Bxcludea expenditures for the U. S. Maritime Coamisslon, departmental expenditures under the Social security prograa and the Department of Agriculture departmental expenditures.
For additional Information, see "Treaeury Bulletin" for August 19^5*
page 6.
Includes expenditures for the following: Office of Iducatlon, and
Public Health Service of the Federal Security A^ncy; Post Office
Department postal deficiencies; Federal Housing Admlnlatratlon;
Trea6\U7 Department investmenta In Federal saving and loan associations; oertaln expenditures of the Panama Canal; and capital stock
of the Federal Deposit Inaurance Corporation, Home Owners' Loan Corporation, Federal home loan banks, and Disaster Loan Corporation.
Qross expendlttires have been reduced I3I5 million representing the
repayment of capital funds by certain United States Oovernment agencies. For further datAlls see "Treasury Bulletin" for June 19^3
pa^e 9* footnote 12.
Includes $237 million for reateration of capital impairment of Commodity Credit Corporation applicable to fiscal years 19U3 and 19UU.
Classified as miscellaneous expenditures commencing July 1, 19'^5>
expenditures during October 19U5 include %n^ million and during
March, April and June, 19H6. $100 million each and during May 19U6,
$200 million for Ixport-Import Bank of Washington - o^>ltal stock.
txpendlturea for June 19^6 also Include $158 million for International Bank under Bretton Woods Agreements Act.
Includes $500 million for Commodity Credit Corporation - postwar
price siq>port of agriculture.
August 1946
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War Activities
(Id millions of dollars)
MlBcellaneoue war actlTltiei
Var
fiscal year
or Bonth
Total
929
1.029
1,206
1.657
6,301
1937.
1938.
1939.
19«0.
19'tl..
19li2.
D«p artBent
378
lt32
"tgo
667
3.678
26,011
72,109
87.039
90.029
l«.5U2
U9,2U2
50,337
27.800
7.837
U,66U
Jul/
August. ..
Septtabar.
7.325
6.399
5.367
October.
NoTeaber.
Decoabsr..
5,126
u,22e
U,2U5
19't3.
19IA.
19"^.
19"t6.
I9I45- Jun
.
.
19^6-Janual7. .
T«bruAr7.
Marcli
ifHl
M«jr
June
Souresi
*
1/
2/
3.'H7
2,702
2.550
2,560
2.182
2.Wt2
l't,070
1*2,265
HeTy
Depart-
Total
olBCel- Agriculture
laneous
war ac- Departaent
tlTltles
y
-6
557
596
673
892
2.313
8.580
20,888
26,538
United
federal federal National Selective Treaa\iry States
Housing
Serrlce
Security Works
Dspart- MarltlM
Agency (adalnlsAcency Agency
ent
Commistratlre)
sion
62
696
2,011
111
2
12
11
5
12
12
18
5
98
5
20
8
6
12
161
WtH
39
8
"3
51
71
u
5
2
I
13
11
-1
5
559
435
778
9
10
105
57
90
88
67
9
72
ItU
5?
uu
-73
16
17
80
'1.270
2.261
79U
89
3,5"^
3.264
2.1I19
70I1
1.659
2.976
1.590
1.239
990
1.566
883
734
858
010
l.lW)
1.2>42
l,'t65
30,0it7
590
2lt
91
885
1,>I82
"5
62
215
228
297
608
539
70
80
3.362
8.955
11.259
2.289
1,519
1.588
1/
99
51
1.198
i,o4i
2.476
ties
expenditures
M
99
310
581
2,552
2,
Other war
activi-
1
1
kk
5,'
Surplus
property
disposal
agencies
-6
153
133
122
60
15.161
United
War
Nations
Aid
ShipRelief and
to
ping China Rehablll
Admin.
tatlon
Admin.
2,l't3
1*511/
282
10
62
29
10
300
387
1^
7
33'*
l.'>32
1,U62
695
103
52
It
3
7
6
-2
-13
US
-5
-3
519
1,201
5
U
5
U
3
Ilially Treastiry Statcsent.
Less than $^00 thousand.
Includes war public housing functions.
Similar Items for periods prior to fiscal year 19U1 are classified
under ""Other departmental' and "Other general expenditures' in
Table 3>
Includes war expenditures of Commerce, Justice, Interior,
Labor, and State Departments; Civil Service Coomission; becutlve
Office of the President (including Office for Ibergency Kanaffenant):
Panama Canal; and capital stock of Smaller Var Plants Corporation.
Includes Defense Aid Special Pond throu^ the fiscal year 19^3;
thereafter such expenditures are reflected within the respective
108
132
1,105
1,922
200
2,0lt2
lllO
1.367
120
66U
382
795
991
1.022
611
277
220
60
U2
71
195
.
2
u
131
331
231
59
63
52
929
2.776
3,812
3,227
69H
33
159
191
162
70
3"
45
15
15
U2
83
58
^3^
n
35
u
2k
5J
ItO
178
150
118
112
72
71
62
60
71
118
3
1
57
96
91
78
5
36
53
?5
47
37
50
39
36
33
departments.
Claaslfloation changed to reflect expenditures for the fiscal year
19**6 under 'War activities'.
Prior year expenditures are included
under ' General'
Payment of 1570.286.9'*^ *»• "ade on Dec. 29, 19U5, by the Federal
Surplus Commodities Corporation of the Department of Apiculture to
the CoDnoodity Credit Corporation In reimbursement for agricultural
commodities procured In connection with the lend-lease program and
reflected in preriotis expenditures by the Commodity Credit Corpo-
1/
U/
ration.
Table 5.- Analysis of Expenditures for Transfers to Trust Accounts, Etc.
(In millions of dollars)
Veterans'
Administration
Tlseal year
or month
1/2/
608
1937.
1938.
1939.
194o.
I94i.
1942.
1944.
19'"5.
1946.
19ll5.Jun.
July
3.pt.Bb.r.
October
KoTeaber*.
Dseuibar..
1946-JUUU7.
.
r.bnary..
March
Iprll
»*7
June
Social
security
program
1/ 2/
Government
employees'
retirement
funds
(U. S.
share)
Aid to
agriculture
ykj
Tederal
contribution to
W.trlct of
ColuBbl.
Treasury Bulletin
8
Budgetary Receipts and Expenditures - (Continued)
Table 6.- Totals by Months, Beginning with 1936
(In milllonB of dollars)
Calendar year
Jan.
Tcti.
Mar.
i^r.
May
J^e
Jal7
Sapt.
Oct.
Hot.
Ue.
Total
1(99
tag.
U.372
5.798
5,690
Set budgetary teoelpts 1/
193619371938
22S
23?
1939iglio.
271
315
191a.
igus.
19U3.
191A.
5U1
1.566
578
788
758
955
2.503
3.51*7
2.7'»7
5.206
6.573
3.556
3.819
191(6.
752
967
916
3l(0
19U5.
Z18
230
308
3.767
3.678
6,892
5,747
231
318
262
256
290
373
30U
565
695
l.SlU
3.087
1,1(80
2.1(92
•(.569
6,21*7
2.929
2.677
3.085
2.733
5.911*
687
29l(
529
828
77U
367
273
3U7
MOO
557
265
391*
1,276
2.990
Ul2
71*7
678
272
292
300
233
286
390
517
823
10*9
676
279
36U
521
7H0
it,9lS
56U
1,212
8,8%
6^
397
711
1.135
71*7
587
2.527
2.7a
5.1*1*7
601
2.099
2.701
5.736
2.568
5.926
607
2.030
2,001
16,1(03
2.007
2,163
2,2110
5.1*16
W.UZL
2.695
2.997
5.189
2.530
2.371*
1*,118
ue,oi(6
57l(
676
632
718
716
635
830
9,2l(l(
565
737
832
1.172
8,885
9.657
19,053
5.83U
U,U79
Bodgetaiy e:Qiandltarei 2/
631
695
631
686
51K
566
2.1(27
1*71*
636
766
705
1.253
930
656
635
725
656
712
1.111
612
668
1.075
820
822
1.399
730
783
1.315
691*
61+7
895
887
1,528
77^
7U1
l.lUl
1.59s
706
1.529
1.871*
721
869
2.O83
2,628
6.372
7.570
2.629
3.i*a
3.953
i*.530
6,U9
7.351*
7.1(35
5.160
7.112
8.110
5.215
7.617
8,119
5.931
7,535
7.930
7.1*56
8.02l(
6,363
7.839
7.828
88,081*
8,525
8.327
8,625
7,1*52
7.862
8,Ul6
97.158
8,202
7.1*60
8.557
7.35I*
6.611
5.950
U.656
5.1*1*5
90.552
3.510
9.1*33
1(,602
9.61(1
1(,891
177
-115
1(05
331
1*37
296
199
-188
157
1,956
1(0
1936.
1937.
1938-
521
39
1(80
ugi
12
1939.
1950.
igui.
191*2.
191*3.
ISW.
191*5.
191*6.
51(6
m
7.859
8,292
7,968
9.275
3.677
l*,251
76U
as
61(5
75?
5.?37
2.51(2
6,500
7,751*
8,097
56,020
5.513
net Voagetary deficit 2/
1936.
1937.
1938.
293
300
198
262
316
166
-116
-20O
-212
1939.
21
221
su
191*1.
385
398
771
132
22
-167
191(2.
2,050
19U3.
5.581*
1(.823
19%.
19*.
U,6l(5
191(5.
191(6.
1.073
Soxirce:
1/
531*
-126
1.871
5.I6U
5.359
2,ll(7
3,693
-168
2,51(0
-1,11*6
1.952
1(00
1.898
i(,872
221*
1(25
193
156
1(51
231
105
195
31(8
339
237
252
1*99
1(02
65
1(1(2
28l(
1*87
258
1.133
1(8
739
536
1.637
1.291
295
1.329
3.82J
10,20U
3.l(0i(
5.761
1(30
U79
750
21(7
3,058
5.952
5.772
3.391
5.955
5,01(0
1.573
Zkally Treaearj Statement.
!?otaI receipts less net sano\mts transferred to ITederal
Old-ilee and SurrivDra Insurance Itust land.
71(7
1.185
273
2,1(47
3.967
K55
2.037
3.758
2.378
U.ia3
5.105
U.628
1(,896
2.087
5,1*26
5.71(0
5.91*7
5.551
2.00l(
6,023
5.587
3.79?
1,716
2.999
39.618
53.530
52.737
6,190
3.727
5,862
l(.357
1,1(22
3,1(20
2,282
1,327
i(i(.505
9l*l(
i.03i(
5.31(2
2/
^/
Ssludea public debt retirements.
Total e^enditures less net receipts.
August 1946
BUDGETARY RECEIPTS AND EXPENDITURES
.|
1944
1943
1942
1941
1946
1945
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJRMJSN
II
I
I
I
I
I
I
1941
I
I
I
I
I
li
I
I
I
I
I
I
1942
I
I
1943
Office of the Secretary of the Treasury, Division of Research and Statistics
I
i
1
1
I
I
1944
I
il
I
I
I
1
I
I
I
1945
I
I
I
I
I
li
I
I
I
1946
B-I68-I
10
Trust Accounts, Etc. Receipts and Expenditures
•
Treasury Bulletin
11
August 1946
Means of Financing Cash Requirements
(In
nllUont of dollars)
imount required to be flneaced
Tlac&l Tear
or month
Total amount
racial red
bad^tar/
to be
deficit
financed
1/
Net
Net Increaae
In Oeneral
ftmA balance
Means of flnaaoln<
let
erpendltures
In trust
accounts,
121
71*0
338
3,611
3.275
2.528
9U7
37U
306
890
136
5.99'»
5.991*
3.506
1,861
23,1*61
23,1*61
6!*. 271*
i*.051
6U,307
io,U6o
798
781
622
19110
3,611
19U1
5.99"*
3,611
5.103
71*2
11*8
19U2
23,U6l
6U.27U
358
6.515
10,662
U.529
15.073
19l»5-Jun»
19.850
3.727
5.978
U,i(07
Octobar.
58. 1*77
21.981
10.71*0
1,050
19.850
19.850
5.862
'.357
116
1.1122
95
5.97s
U,U07
1.517
3.362
956
-980
2. 61$
1.517
-20^
3.321
3.91;?
2.282
1.327
1.632
11,558
19'*6- January.
.
fabruAzy.
March
1.073
-168
53'»
ipr 11
May
Juna
Sourca;
1/
2/
50
3.1*20
.
Vovaotoar.
Decaml>er.
161*
6U,27U
6U,307
57.679
19IA
19^5
July
iu^utt....
S«ptaater.
1/
2.6U6
3.5^
2?; 981
let
receipts
la trust
aooouats,
etc.
I*,
3.l'*9
1,38U
I9lt6
Vet daereaae
la Oenaral
Amd balance
3.11*9
1.381*
3.l't9
l.JgU
U.l&U
19.598
55.897
•9. 595
53.9'«
21.981
Increase in
public debt
etc.
2/
1937
193«
1939
i9'*3
Total affloant
financed
12,886
1.3'^
366
-1,1M6
1.031*
3.911*
276
1.573
9IA
Dally 7raaaury Stataaaat.
Ixcludas ajBounta for public dabt ratlraaant whldl ara ^ar^abla to
tha ilakia^ fund, ate, undar apadal prorlsioni of law.
Coapriaaa tniat aceounta, chacking accounts of Oovammant a^nciaa.
3.521*
12.773
1,31*9
-1,11*6
-l.lli6
1.573
1.083
1.137
3,1*20
12,886
772
327
-3.201
1.573
1,083
1.137
366
139
103
3. '•51
2.1*97
302
390
113
577
1.593
Il62
-2,111*
3.1*33
251*
-1,316
-3.161
2.398
U.298
ate., Incremant on gold, aaignlora^ on allrar, and alacallanaoua
funda and aceounta.
Incramant on gold axdudaa axpandlturaa for
national bank nota retiramanta.
Treasury Bulletin
12
Social Security Program: Section I.- Budgetary Receipts and Expenditures
Table
K-
Social Security Act
(In alllloaa of dollara)
Baoalpti
Oroia rao«lpta
Fiscal 7«ar
or aonth
Last anoiute credltod to
Vedaral Old-iso and
SvTTlTora Insnranea
Trust Pund
Social Saonrlty taxoa
Tederal InmiraBos
Contributions Act
(Old-aga Inanraneo)
Tax let
(Th8apl«yaMLt lasorajuie)
1/
60U.U
631.2
712.2
788.2
1.015.6
1.288.9
let
reealpti
2/
1/
2i7.lt
191A
1. 1*72.0
I9it5
l.''9'».5
13^
1,U18.1
690.6
895-6
1.130.5
1.292.1
1.309-9
1.238-2
179-9
3«7.0
503-0
537-7
661.3
868.9
1,103.0
1.259-5
1,263-0
1,200.8
6.2
U.6
1.6
2.2
3-9
61.5
3.0
12.1
1.8
59.0
283.3
2-3
5.5
11-5
1.2
2.6
10.3
51.6
231-9
.8
It.l
5-1
13.1
3-6
13-3
107.0
13.6
196.2
15.1
16.6
110.3
16.9
56-9
265.1
2.8
6.9
15.0
5-3
1938
1979
19I10
igiti
1911?
19V-
igltJJuM
Jul7
Jm^tt
90.1
100.9
107.5
97,7
119-9
51lt.l»
530.'t
6ol|.7
8opt«Bb«r.
57.0
5I1.4
2>tg.0
DttcABber..
7.7
18l«.5
297-9
6.5
October. .
Xorember..
158.lt
179-9
237.8
6.9
19'46- Januaxy
.
32.8
199.5
1.6.1
.
306.5
31-9
V>br7ULZ7..
March
18.
60.8
268.9
6.6
63.8
2S0.1
8.1
April
Mw
Jiuw
3.0
11.2
l.U
128.2
171.5
126.9
llt6.7
185-9
212.5
211.5
217.11
Sipandlturaa
Grants to States
P^llc
AdnlQiatratlT«
aiponees
Aid to
Aid to
the
aesl st- dependent
ance
ehlldran blind
Old-age
1938
1939
1910
1911
1912
19I3
1911
1915
19I6
Health
Serrlce
Soolal Sacorlt/ Board
fiscal year
or iDontb
332.5
313.
381.2
119.1
501.1
527.2
52I.2
191.3
513-5
20.0
21.3
25-3
31-5
31-5
33-3
32-1
31-9
38.8
271.5
320-3
356.5
115.2
I69.6
191.1
188.0
151.9
198.
182.2
208.8
227.6
260.1
299-1
316.9
360.6
333-6
361-2
25.5
5-2
31-0
Unan^loynant COD—
pansatlon
adolnletratloB
?•'
6.2
15.
63.2
69.1
67.3
57.0
52.8
59-3
7.1
8.0
8.5
10.3
10.0
10.3
11.9
5«.9
58-3
63.0
70.3
55.1
36.3
Hatamal
Public
and child
health
health
work
•arrloea
5/
8.9
8.0
9.1
10.8
11.1
10.7
10.9
31.2
55-6
10.7
Office for
Aoergeney
Management
Dflpartment of Labor
Serrlces
for
crippled
children
u
1.0
3.8
3-8
1.6
1.6
1.1
1:1
1.1
1-3
2.7
u
3.0
5-5
5-9
5-1
6-3
29.2
22.1
3-1
2.7
2.1
3-2
29.0
15-3
IU.2
1-5
7.6
2-1
d
Septeaber.
13.8
56.9
19.1
8.8
1.2
2-3
.2
•5
.2
October.
Voreober.
Decenber.
72.0
30.9
36.0
3-1
68.2
27.1
32.1
17.
7.1
1.5
3.1
2-7
•5
.8
11.8
1.2
1.1
.1
21.2
26.2
61.C
19-5
31-3
2.7
61.7
15.1
26.3
11.0
3I.9
21.3
8.6
5-1
3-2
1.1
65.1
11.1
22.1
3-3
61.6
37.1
18.2
12.2
28.6
9-9
7-9
.5-3
1-5
1-3
Au^it..
19l6-Juaai7-
..
-
Vibruax/.
March
April.
Mv-..
JUD«..
i/
3-1
u
11
.7
.6
•9
.2
Sally Treasury Statement.
Lose than $^ thousand.
Formerly Title Till of the Social Security Act.
foraerly Title IX of the Social Security Act.
Includes amounts equal
to appropriations to BaHroad Uneaployaent Insurance Administration
Fund equivalent to amounts of taxes collected with reepoct to the
period from January I936 to June 1939< IncluslT*, from employers subject to the BAllroad UDeBployment Insurance Act (See Table 3 of Section I).
Prior to Janxiary 1, 19ltO, figures represent amounts transferred to
the Old-Age BesorTe Account.
Proa January 1 to July 1, 19^ "Transfers" were made to the federal Old-Age and SurrlTors Insurance Trust
fund.
Subsequently receipts hare been depoelCed In the Oeneral fund
of the Treasury and "appropriated" directly to the federal Old-Age
and Survivors Insurance Trust Pund. Amount shown as transfers reflect deductions made for relnbursenent to the Oeneral Pund account
to cover adminl strati to ezpenees, which are shown as expenditures in
Section II. Table I.
20.7
1-3
li.o J/
1.8
2.5
2.6
3-5
2.8
1.2
7-1
6.2
9-5
2.8
1.0
8.3
!.(
6.3
y
5/
.1
115.1
215.1
209.7
322-5
357.8
311.3
311-7
279.8
326.1
28.8
2.8
16.8
60.6
23-3
JUI7
6/
8.
.1
.2
32-7
19U5-J11M.
{V.
Refunds
of
taxes
Aqployvant
Serrlce)
1.1
1-5
1-5
^•?
3-8
6.5
6.2
Child
welfare
sarTloe
War
Mai^ower
Commission
Sxcese
of
expenditures
-3
-5
7
.1
.7
•3
.1
.6
.5
.8
.2
.1
.2
.1
.6
5
.2
•
11.3
16.0
19.0
66.6
17.8
32.1
1.1
• 5
18.0
-60.8
11.1
.1
.1
•5
58-5
26.1
16.8
.2
tncludee only expenditures from qjpropriations made specifically
for administrative expenses relating to the Social Security Act;
namely. Social Security Board, Department of Commerce, and Department of Labor; and adainlstratlve e]^>enses reimbursed to the Oeneral
Pund of the Treasury under Section 201 (f) of the Social Security
Beginning July 1, 19^i includes also administraAct, as amended.
tive expenses under the Wagner-Peyser Act. Ixcludss administrative
expenses payable from other qipropriatiens, principally for the
following agenciesi Bureau of Internal Revenue of the Treasury
Department, and Public Health Service and Office of Iducatioo of
the Pederal Security Agency.
Beginning July 1, 19'^^. payments previously made under the Social
Security Act were discontinued, and thereafter made under provisions of the Public Health Service Act of 19UU.
Covered by spproprlatloos by CongressSecond Defloieney J^proprlation Act. fiscal year 193^. appropriated
$Ul million for refunding to certain States portions of federal es^
ployers' tax for I936 collected under the Social Security Act.
August 1946
13
Social Security Program
-
(Contlnuedl
Section I.- Budgetary Receipts and Expenditures
Table 2.- Railroad Retirement Act
(IB
Receipts
71 seal year
or month
llllom
of dollara^
-
(Continued)
Treasury Bulletin
ll*-
Social Security Program - (Continued)
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fvaxd^
(CumulatlTe from oreanlsatlon - In mllliouB of dollars)
£q)endlturee
Receipts
I^d of fiscal
year or month
Total
receipt
ipproprlatlons %7
Congress
Investments
17-7
1938
1939
19M0
19UI
igte
19U3
782.7
1.199.6
1.792.1
2.536-2
3.502.8
5.720.7
765.0
1.155-0
1.705.0
2.393-1
3.288.8
19UU
19t5
6,u6.o
7.5^.8
IioU.7
8.935-8
5.711
7.021.3
8.259.5
8.553.8
8.822-7
8.935-8
7.983.9
8.252.9
8.259-5
19I16
19146-i^rll.
May...
June.
Source:
1/
ltU.6
Total
expenditures
Old-age
benefit
payments
5.1
19.3
U7.U
138.6
275-6
Reimbursement
for
admlnlstratlTs
5-U
19.3
12.3
39-1
65.9
51
1.3.7
528-5
676.3
669.6
936. t
l,29it.U
l.lOl
oU.o
126.0
152.9
190. 1»
569.9
569.9
676.3
1.22U.6
1.259-3
i,olti.9
Fund
1,072-8
I.IOU.O
186.
190.
777.2
1,180.3
I.7IA.7
2.397-6
3.827-2
182.7
1.29U.11
21U.1
301.5
lt52.it
r&ilj Treasury Statement.
Includee traneactions effected under the predecessor Old-i^o Heserve
Account
93.
83-5
2/
In Oaneral
e:q>enBes 2/
35-1
99.5
209-8
359.1
87-1
11(3.1
.U19.:
Une^anded balance
InTestments
Total
662.3
1.177.2
1.738.1
d
6.613.U
7.6»H.>t
7.5't8.7
5.2
7.0
16.1
32.0
»3-5
7.2l9.'t
7.219.'*
7.5'<8-7
61.9
296.0
t3-5
7.6ltl.l»
1.9
.1
2.380.
3.201.6
u, 236.8
S.iKW.g
S.5H6-3
li.26e.3
5,Uii6.U
officer's
account
113.0
7.563-'»
1»
In disbursing
1.1
10.8
ao.U
ZL.4
35.1
49.2
U7.9
Ug.O
U9.2
Under Section 201 (f) of the Social Security Act omendmentB of
1939-
Table 2«- Railroad Retirement Account
(Cunnilatlve from organization - In Bllllona of dollars)
Receipts
Old of fiecal
year or month
Total
receipts
i^ropriationa
by Congress
Sipenditures
Interest on
InTeetments
Benefit
payments
Balance
thexpended balance
Total
Investments
In General
Fond
1938
1939
igto
11(7.9
268 .!(
11(6.5
261t.8
l.l(
38U.9
U98.5
639.U
191*3
390.8
506.9
650.9
871.5
iSkH
l.lW.l
116.9
3.6
5-9
8.U
11.6
17.3
27.2
191(5
1.1(68.
.'(25.7
1(2.
191(6
1,780.1
.717-8
62.3
19l(6-i4irll.
1.761.9
1.762.3
1,780.1
1.717-8
1.717-8
1.717-8
Ul(.l
191(1
191(2
Kay...
June.
85l(.2
Vi.k
62. <
1(19.9
68.1
82.7
92-1
87.0
51(6.1
10l(.8
676.6
811.0
952-5
I.IOU.U
igu.g
333-0
515.6
675.7
1,076.8
1,091.1
i.iou.u
6S5.I
671.2
675.7
79.8
185.
298.7
66.2
In disbursing
officer's account
August 1946
1.5
Appropriations and Net Contract Authorizations for the War Activities Program!/
As of June 30, 1046
flfipniTsd
Pabllo
Lav la.
ntla of
ast
JpproprlatloBB
Vat contract
antharliatlaBa 2/
TTth Ooncreaa. Sacand Soialos
U22
UUl
Jima 27.
July 2.
191)2
19U2
19U2
igita
19"»2
1942
19"»2
I9't2
19lt2
I9't2
2. 19U2
July 2. I9't2
July 2. 19I42
July 2, 19't2
July 2, I9't2
July 25, 191*2
19l«
Oct.
JtJ.y
sg
U7U
527
528
572
616
626
630
6Mt
6U5
6>>7
6US
6U9
650
678
763
Iturth Aqiplaaental atlonal Oafanaa ipproprtatlas Act, 191)2....
laTal ippraprlatloa iet, I9I43
Jalat Bsaolntlon (financial aid ta Ohlna)
nnt Saflclancy ipproprlatloB iet, 19>>2
nftb Sifrplaaaital Hatiaaal Bafanaa ippnprlatlaa iet, 19>)2
War Departaant Civil Appraprlatlan Act. 191)3
Sixth auppleaantal lational Safaaaa ipproprlatlaa iot. 191)2
Joint Baaelntion (Var Biak Inaaranoa Tvid)
Joint Eesclntlon (education and tralnlB^)
Savonth Sqpplaaantal lational Defaaio ipproprlatlan let. 191)2...
Indopondant Offioaa ipproprlatlan iet, 191)3
Jaitiee, Stata and Conmarca DBpartaaato impropriation iet. 191)3.
Interior Departaent ipproprlatlan iet 191)3
lakor - Tadaral Saonrlty ipproprlatlan iet. 191)3
Sacond Dafieianoy ^proprlatioo iet l^kS
Military ipproprlatlan iet, 191)3
War BouelB^ and Pilblio Works ipproprlatlan iet, 19U2
Tirat Si^plMiaBtal Hatianal Oafanaa ipproprlatlan iet. 191*3
Second Sq>plaiiontal lational Sefanaa ^iprapriatlan iot. 19>>3....
t 12.325.872,
Total. 77th Oengraoa. Saoond Saielon
Jan. 30,
TA. 7
Tai. 12.
fa«>. 21.
Har.
3.
ipr. 28.
ipr. 28.
Jnaa 9.
Jnaa 19*
Jttna 23.
139,736.203.988
2,
191)3
tor. 18, 191)3
Har. 51, 191)3
i*r. 29. 191)3
May
Jnna
Jma
Jme
Jnaa
Jnly
July
July
July
July
Jnly
July
July
7. 191*3
2, 191)3
lU, 19U3
26,
26,
1.
1,
12,
12.
12,
5
u
20
^
SO
61)
70
191)3
90
92
19U3
105
191)3
108
129
132
133
135
191)3
19U3
191*3
191)3
12. 191)3
12, 191*3
12, 19U3
Oot.
1, 191*3
Dae. 23, 191*3
ig
^2^6
135.»3.
3a
30,1)12.737. 900
57.886, »«5
18.932,121), •93
210.000, 000
9.5CO. 000
655.O7U, 71)0 2/
1,052.812, 001)
261.908, 180
8.977. 370
HZ7.72b. 86U
,
$150,000,000
10,1»15, 078
12,820,003, 067
32,500 000
,
78tli Oangraaa,
Ifer.
1)71)
23.738,865, 1)71) 2/
900,000, 000
1,8!|5,
6.299,361
2/
8150,000.000
Tlrat Sasalan
Joint Baaolutlan (SalactiTa Sarrioa Syataa)
nrat Bafloianoy ipproprlatlan iot, 191*3
Soppliaantal laTal ippropriation iet, 191*3
Joint Raaolutlon (farm la^r profraa)
Joint Raaolutlon (Comneroa Departaent - var tralnlac progrmm)
War Dapartment Cirll ^roprlatlon iot, 191)1)
Dafanaa Aid ftt^ppleaantal ipproprlatlan iet, 191*3
Independent Offioaa ipproprlatlan iet , 191)1)
laral ipproprlatlan iet. 191)1*
Dflpartaente of State, Justloo, and Oommaroe ipproprlatlan iet,
Military ipproprlatlan iet, 191)1)
Dap&rtaent of i^rioultura ippropriation iet 191)1*
Urgent Oeflolenoy ippropriation iot, 191*3
Interior Departaant i^proinriatlon iet, 191)1*
Labor - Tedaral Saeurity ^preprlatian iet 191)1*
lational War iganoles .^roprlatlon iet, 191*1*
Saooad Cefioianey ippropriation iet. 19l)3
Joint Beeolution (I«5)or Departaant)
Pirat 8\^laBental lational fiefanae ippropriation iet. 19ll^
a, ,160,000
1
l*.063 91)8,981*
3.836 176,119
26 .100,000
3 ,500,000
1 ,*57,898
6,273 629,000
1.395 .013,569
27,637 ,226,198 2/
67 ,635,000
59.03U 839,673
38 01)8,000
979,600
S: 881), 000
307 953.500
2,911 ^7,221)
151 }1)0,088
18 620,000
191*1),
,
,
Total, 78th Oan^oBi, 71rat Saatian
$ 9,000,000
10,1)56,710
81 283.1)68
a9.'t56.7ie
«105. 916, 1*92,321
78th Ooneraas. Saaond Baaalon
r«b. lU.
ipr.
1.
ipr.
Nay 12,
June 22,
Jnaa 26,
June 27.
June 28,
K
June
Juna
Jnna
Juna
June
June
Juna
Juna
28,
28.
28,
28,
28.
191)1*
229
279
288
303
191*1*
3'»7
191)1)
352
191)1*
19I1I*
19l)l»
191)1)
191)1)
191)1)
?
371*
28,
191)1)
30,
30,
191*1*
375
382
382
Dee. 22,
19>)1*
382
529
:
1*51, 81)0
5,050,900,000
585,000
30, 700,000
18, 111), 200
1,030, 937.21)2
,
Total. 78th OoB^aae. Saoond Saaelon
2,000,000.000
6.8^: 008,91*3
2,198. sn
218,
6U.829
811),795
186, 266,52!)
15.'*3't,
'
1.802.096,157
570,000
1*50,000,000
,
Juna 30. 19UI)
38,266,050
3.076,81)5
27.569. 798,301
,
,
191)1)
)
6. 700,000
,
372
191)1*
191)1)
31. 359.200
170. 2a. 080
.
191)1)
191*1*
Joint Baaolutioo (fazn labor and algration of vorkoro)
firat Saflolenoy ippropriation iet, 19UI*
Public Lav (Tederal Works Agency - public roade)
Joint Baeolution (lAbor Department - natamity and infant eara)
5aTsl ^ropriatioa iet 19U5 U/
War Departaant Clrll ippropriation iet, 141*5 H/
Independent Off loae j^ropriatlon iot I9U5
Departaente 9f State, Juetloa. and OoBBaroa J^praprlatlon iet, 19U5
Department of i^rioulturo ^proprlation iet 19l*5
Interior Departaant ^proprlatlon iet 191*5
Hational Var i^anoy ippropriation iet, 191*5
'
Labor - 7adaral Soourlty ippropriation iot 191*5
Military i^roprlatlon iet. 191*5
Saoond Deficiency ippropriation iot, 191)1)
Defense ild ^propriatlon iet, 191)5
Dtaited Natlone Relief and Rehabilitation idnlnistration Portlelpatlon
J^roprlatlon iot 191*5
ftrelcn IcoQonlo idminletration impropriation iot, 191*9
Tiret Aqpploaantal ^proprlatlon iet. 191*5
19,750,000
1)10,291,029 2/
I55.913.179.9**
60,000,000
8,956.537.629
79th Con^aoa, Tlrat Saaaion
Mar. 31, I9U5
25, 191)5
^p.
Ihy
Hoy
Nay
3. 191*5
9. I9U5
a,
191*5
19'*5
May 29.
Juna 12, 191*5
July 3, I9U5
July 3. 191)5
July 3, 19U5
July 5, 191)5
July 17,
191)5
Dae. ll), 191)5
Deo. 28, 191*5
2U
1«
1*9
War Di^artaaat ClTll ippraprlation iot, 191)6
Ilrst Dafloianoy ippropriatloB iet. 191*5
Independent Of fioae impropriation iet 191*6
Departaant of i^lculture ippropriation iet 191*6
Dapartmante of Stata, Juatloe and Ooianarea ipproprlatlan iet, 19^
Haral ipproprlatlan iot. 191)6
Joint Raaolutlon (I«bor Departaant - matamity and infant eara)
Interior Departaent ippropriation iot, 191)6
Labor - Tedaral Security ippropriation iet. 191*6
Military ^proprlat ion iet 191)6
Second Deficiency ippropriation iet. 191)5
lational War igenclee ippropriation iet. 19l<6
Ibited Hatlons Rallaf and Rehabilitation idalnletratloB Fartiaipation iet, 19>l6
Tlret Defloianoy ippropriation iet, 191*6
I
Total. 79th Coigreee, Firat Saaaion
53,060,913.1*91
,
,
61
62
83
12U
126
132
156
259
269
,
(Continued on follovlng page)
2,697, ll)0
2,015,381* 113 2/
57.25,
1U,986
3U.59?
23.601,136
2,200
10,625
500
061.5/
000
000
197 .OU 551
a,U96,902 030
3.527.335 808
I.399.OO8.U13
769.36fi .850
550.000 000
781,382 629
1.399.008.1*13
Treasury Bulletin
16
Appropriations and Net Contract Authorizations for the War Activities Program
As of June 30, 1646 - (Continued)
Bnta
i/
Hot contract
PatUe
impropriation*
Titla of aot
Lav Ho.
mthorlsatlo&e 2/
79th Ooa^roaa, Seeand Saaaloa
Mar.
Mar.
Mar.
Ipr.
Mv
2.
M«gr
18,
a,
Inlapaadant Offlcas Appraprlstlon Aot, 19'tT
Eaoond Urgoat OBflelancr Appropriation ict, 19^
Joint SaeolutloB (i^proprlatlona for Incraaaad pagr eoata)
*ar Dapartmont Ol-rtl Ijiproprlatloa Aot, igU/
Saoond DBflclanosr Appropriation Aot, l^M
Third 17rg«nt Seflolaao7 Appropriation Aot, 19^
ISM
13^
Jnaa
3.25S.0OO
17.838,792
3,089,000
6.952.150
tTrgsat Baflelaoej impropriation iot, 19U6
S2, 1946
28, ISM
28. 19>)6
19. 19'»6
19>»6
5.59't,000
4,872.850
9U,l»7l»,000
lotal, 79th Consraas, Saoond Saaglon
136.079.792
BeaclatlMU
3^7
352
78th Ooa^raae, Saeoad Saaaion:
Saval Appropriation Aot , 19U5
War Bopartmant Olrll ^iproprlatlon Act, 19^3
I9U5
127
79th Oon^aaa. Tlrat Seaaloni
Joint Basolution (0. S. Marltln* Ooimlaaloa)
Joint Basolution (radudn^ certain appropriations)
19I16
301
391
79th Ooasnaa. Saoond Seaalon:
Irat Sapplanontal Sorplua Approprj.atlon Baaolaolon Aot, 19^Second Sapplemaatal Sorplua Appropriation Baaclaslon Aot, 19^
Juna 22.
Jane 26,
19>tl>
29,
19lt5
July
3,
fBl>.
18,
27,
M«jr
May
19l(U
IS^6
-7,500,000
-30.257,572
-3,100,000,000
$->>,265,000,000
-«2,05l»,000
-i»,aiio,793.6oi»
-6,2ll0,>(85.831
-it65,ooo,ooo
1-56.981. 053.301
Total, rescleeiona
-^7.520.755.898
-8,970,793.6oU
In pandlag leglolatlon 6/
SspartDoata of State, Jnatlca. Consaroe and the Judiclazy impropriation
Mil, 19U7
Interior l>0partmant Appropriation Bill, 19U7
Saval Appropriation Bill. 191*7
Lalwr-Pedorel Security Appropriation Bill, 19U7
OoTeranent Oorporatlona Appropriation Bill, 19^7
Military ^roprlatlon au, 19'»7
third Saflolancy impropriation Bill, 19)16
Total pandine
$
32,300,000
900.000
.119.659,300
$
i6,e9U,ooo
1»,W0,2S7
7.595.'w?.s68
-2,i27,82U,53l
*
9.3'«i.7iS.9a'»
-300,000,000 1/
-it,5l»o,287 1/
-500,000 8/
»
-305. olio, 287
Stunaxy
8,99l»,015.828
Total, 76th Ooa^aoa, Third Saeaion 2/
Total, 77th Con^aas. Hrat Sasalon j/
Total, 77th Con^T'aaa, Second Seaalon
Total, 78th Con^ese, Tlret Session
Total, 78th Gon^oea, Second Seaalon
Total, 79th Con^eaa. Tlrat Session
Total, 79^1^ Congress, Second Session
Peraanent ^ipropriatlona and net tranafer to and froB other than var actlTItles ^iproprlatlona 10/
(
Total fl^iproTed
Total reeclnded
Total pending (79th CongreeB, Second Seaalon)
Liquidations of 19)K) and prior contract authorizations
»'U3.395.103.'«!7
$11,176,1*87.115
-56,981.053,301
9,*l,718,92'»
-8.970.793.606
2/
2/
h/
5/
6/
Consleta of appropriations and net contract anthorlzatlona arallahla
on and after Jul; 1, 19>I0. Ixclndes:
(1) anttorlzatlona of the Beconstructlon Tloance Corporation and Its affiliates for war porpoaea,
and (2) unezpendad balancea .of apfropriatione on Jtine 30, 19^ (except lumedlately available fonds from flocal year 191*1 ^jpropriationa), available for expenditure in the fiscal year 191*1.
Contract anthorlzatione have been reduced
later approprlatioaa
vhlch ware earmarked In authorising acts for thla porpoee.
Inclndea ^proprlatione aade available for prior years. Tor amounta
aee appropriate footnotes in "Treasury Bolletln" for July, 191*5,
page 16.
The aaounts of appropriations repealed by Congress and carried to
the snrplua fond In accordance vlth the provisions of thla act are
shown separately below.
Includes $180,000,000 for the fiscal year I9U5.
Banding ^ipropriatlone, as uaed herein, repreaant appropriation
Mile repcrted
^
10/
651,U8't,363
139.736.203.988
150.000.000
19, 1*56, 710
8,956.537,629
105,916,1192,321
55.913. 179.98U
53.o6o.9l3,'i9i
1.399.008,1(13
136,079.792
21*1, 780. 63it
-305.01*0.287
-«67,872,8lt6
Total approved, rescinded, pending approprlatlona or raaclaaione. and net
contract anthorlsationa 1/
1/
'»9.396.>»37.li50
»365.287.896,26U
» 1.900.653.221*
fros the Conmlttee on J^jproprlatloae to the Houee,
or in eabseqaent eta^s of ConcresBional action before Presidential
approTEd.
Bepresentt moonte to llqoidate oontract authorizations.
Xxclodee reecleslon of the United Statee Harltlise OonmlBSlon in the
amonnt of $173»678.000.
for details of appropriations neule Yy the 7^th Congre&a, Third
Session and 77th Congress, first Session, see "Treaenry Bulletin'
for Karoh. I9UM, pa^ 5.
Includes SDOonts received snch eui var contrlbatlons under anthorlty
of the Second War Povers Act, deposits of adrance paTiients made Igr
foreign ffi-veraaenXn to the Defense Aid Special Bind for the precnrement of defense articles, sAd transfers from other than var activities appropriations reduced Vjr transfers to other than var
activities appropriations.
August 1946
17
Cash Income and Outgo of the Treasury
Table I.- Cash Income and Outgo, by Major Classifications!/
Treasury Bulletin
18
GENERAL
FUND
OF
THE
TREASURY
August 1946
19
Assets of the General Fund of the Treasury
(In Bllllona of dollari)
Ind of fi«oal
y«ar or nonth
total
Bullion, colD,
and correnoj
0«poilt> Id
fedoral Baterro
Buka
20
Treasury Bulletin
Analysis of Change In Balance of General Fund of the Treasury
I
In millioaB of dollars - Net Increase or net decrease (-)
Trust accounts, etc.
Total
change In
General
Fund
balance
General
and special
accounts
1937
1938
1939
igUo
19U1
-128
-338
622
-9U7
191*2
35s
6,515
10,862
19't3
Trust
accounts
Increment
on gold
Seigniorage
on sllTsr
2/
275
255
-99
-51
-5
2.71*6 6/
792
3.280 5/
8gl*
19
11
29
-3.611
-5.103
2,528
-WS
37
37
1*9
5.99'»
-19.598
-55.397
23.1*61
6l*,27U
-3,506
-l,s6l
-U.051
66
20
-'*9.5?5
-53.9't8
6U.307
57,679
-21.981
10.71*0
781
15.073
-3.727
19,350
-1.050
-323
-2.615
-5.362
-3.'*51
-2.1*97
-'t.357
-1.1*22
3.362
956
-930
-116
-50
-95
2
35
8
-119
21
-3.321
1,632
11,558
-3, 1*20
-203
302
-2.282
-1.327
3.521*
390
113
-577
-1.073
53'»
168
-1.593
1.11*6
-3.'»53
-1.573
-2.398
-U,29S
-9UI*
.
September.
October.
.
HoTefflber.
Decefflber.
19U6-January.
February.
Harch
.
J^rll
May
June
Source:
*
1/
2/
3/
U/
-X.OS"*
12.773
772
327
-3.201
-2.flU
-1.316
-3.161
Dally Treasury Stataaent.
Leas than $500 thousand.
This Is the net budgetary deficit (-) or surplvs. txcludes aaounts
for public debt retlrenent which are chargeable to tha sinking fund,
etc., under special provisions of law.
Comprises Federal Old-A^e and Survivors Insurance Trust fund. Rational Service Life Insurance Fund, Uneaployment Trust Fund, Railroad Retirement Account, Qovemment Insurance and retlraaant funds
(See footnote U,
and other trust accounts.
Charges for retirement of national bank notes are reflected In this
statement directly against Increaent on gold. In the years during
(See footnote 5*)
which the retirements were actually made.
Comprises Public Works Administration revolving fund, special de-
768
-217
101
3t
-3.625
2l*8
-2.19'*
-U,l*o3
1.302
-388
-1.178
952
51
•1.529
798
2
16
11
20l*
-10, Wo
Au^st
31U
20 1*
2Ul
19W
July
etc.
lU
90
90
19'*5
19U5-June
ChecklDg
account B of
Govermnent
a^enclatt
ito
-3.1'*9 5/
-1,38U
IU8
675
-30
i.<)kk
Miscellaneous
funds and
accounts
t/
Change during fiscal
year or month
Public debt
accounts
-778
-29
-86
55
-222
26
-51
27I*
129
318
17
17
-118
-21*
79
-228
21
-7'*
395
-229
83
"•3
39
-22l|
30
21
-99
-65
1*62
251*
91
37
-139
-103
181
-135
-276
5/
6/
9
30
-9
635
122
-139
-181
39
-8
U
posits (net), and, during the fiscal years 191*0 through 19l*5.
transactions In commodity food stamps by the Department of Apiculture.
Commencing July 1, 19l*5. "uch transactions are classified In
the column "Trust accounts".
Includes inactive gold In the amount of $1,087 million.
Ixpendltures for the retirement of national bank notes from Increment on gold for the fiscal years 1957 to 1939 (as shown below) are
not reflected herein, but are reflected under Increment on gold as
follows.'
1937. $99 million; 1938, $51 million; and 1939. $5 milThe increases In the public debt shown in the table "Means
lion.
of Financing Cash Requirements" for the above fiscal years will not
a^ee for the reason stated above.
August 1946
21
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bulletin
22
Analysis of Issuance and Retirement of Public Debt
llUou
(In
Set Chang*
Patlle
debt oat- In pahlle
deht
standing
daring
end of
flical
fisoal
year of
Tear or
Tisoal 7«ar
or aonth
month
of dollar*)
Fabllo debt expenditure*
(Batireaent of pablie debt)
Pablle deht receipt*
(Iinunee of inhlle debt)
foblic
Total
Caah
1/
aenth
^blic iBBoe*
isfltie*
Oertlflestes
Idjnated
of iadehtedseme*
neB*» special
bonds
*eri** 2/
Sxees*
Ixjoroflts
tax reftmd change*
bonda
Special
issnea
1937
1938
1939
36.1125
2.6ii6
37.165
7110
19110
it2.96e
igiti
118,961
19U2
72,ll22
23.U61
191*3
i.gkk
136.696
201.003
258,682
269, 1«2
6lt,27U
258,582
19.850
110,651*
26,901*
262. 0U5
3.362
956
-980
9.1195
71*1
8,701
7.760
2U
2,1*70
1*88
10,837
5.961*
19
I.336
519
-201
3.52U
12.773
9.915
11,168
26,6Ug
6.3O8
10.969
22,300
12,938
11,600
9.6U3
8.8511
9.309
7,669
6.283
7.395
6.067
ItO. 1(140
19'*5
19116
191t5-June
July
lU^13 t. . ..
Septeaber.
263.001
262.020
9.589
9.621
6,199
1,776
3.275
2,528
l3,ogi*
7,1*75
13.166
7,l9»
5.99't
17.81*7
10.1*62
8
2
19''6- January ..
278.887
279.2lll
327
-3.201
April
273.898
272.583
269,422
265.3112
276.012
Kajr
June
ce
:
*
1/
1.751
13
2.67"*
7
3.035
2,812
2.567
3.151
3,lll2
ll,2l*l
8,881
9,809
10,638
11.853
1,U2
5.876
8,318
13.703
58,358
18,790
10,1111
1.1*99
"2.
159
6.91*3
It.
-2.111»
-1.316
-3.161
Sxohasges
1.751
2.67U
3.035
2,812
3.1U2
625,
5.166
5.301
5.680
5.816
303
17.911
1
1191
1
13"
U
Ugh
6
291*
3U, 183
llt,lllO
89,1*78 '3.202
121,1*80 77.UO8
1
88
31.036
16,263
l>IO,2lt8
96
1.187
9,1*66
20, SOU
7.370
757
6,133
9.785
11,818
6.122
10,
772
February.
March
261.817
1"»1
179.159 129.663
150.988 103,116
IO.7I10
2T6.115
.
Oaah
1/
37,l6l»
30,388
122. 632 9't. 961
153. 785 123.958
6U,307
57.679
October.
HoToaber.
December.
Total
Certificate*
of indebtedne**, *pecial
*«rie* 2/
21,02U
1
37
8.693
161
180
3.777
91
10,118
7.6U3
13.876
3.332
761
12. 166
-3
ii,95U
273
372
n.273
2,820
207
8.775
12,182
27"*
Dally Treasury Statement.
Leas than $500 thousand.
Excludes certlflcatsB of Indebtedness. special series.
2/
9.2U7
31*.
18}
11
2,1*70
1.336
\l
3.UU1
6.575
7.596
8.615
3.133
31.036
5.33f
6.991
9.885
12.7UU
18, 790
7.503
7.UU8
3,lilil
5.376
6.138
l,i*U2
U,lg7
95.985
II
I18U
567
i.oui
1.U73
2.1U6
2.896
U.lll
303
17.911
U91
U
Ugh
13.671*
Special
issue*
UgU
3.777
800
8.728
6.288
9.578
3.332
U.95U
3.133
107
11.U23 S.USS
8.98U 8.968
zu.ies 10.079
2,820
118
17
2.775
U.33I
12.8UU
31
133
Consists of special series of certificates of Indebtedness Issued
directly and solely to fsderal Seser?* Banks.
Composition of the Interest-Bearing Public Debt
Intereat-bearlng public debt ontat md l Tig
(In million* of dollar*)
Percent of Interest-bearing pablle debt
Publio issue*
^blio i*sae*
Aid of fiscal
year or month
Bote*
Bond*
Marketable
Bonmarketable
Von^
Market- markatable
abla
of
indebt-
9-3
6.8
8.7
9.2
6.8
U.2
5-5
U.8
U.o
2-5
18.812
100.
11.
18.0
9.2
17.025
17.038
17.018
19.558
20.033
20.519
100.0
11.
100.
100.
11.6
11.3
18.1
18.1
18.2
35.021
35.021
38,155
17.025
17.026
17.037
20.577
20. 710
20.000
100.0
11.3
11-7
U3.8
8.107
8.013
7.365
11.502
11.113
10,399
17.0U2
17.032
17.017
20.555
20.897
21.135
100.
100.
100.0
7.111
7.127
38.108
36,828
31,801
17.051
17. oil
17.039
2I.22U
21,181
22.332
100.0
100.0
100.0
71,968
135.380
199. 5U3
256.357
10,196
26g.Ul
38.281
57.716
79.110
106. 5UU
119.502
35.298
16,090
U9,U62
5,589
9.158
17.105
23.197
lg,26l
3.015
7.195
9.557
10,135
6,711
19U5-Juna
256,357
106. 61U
16,090
23.197
July
August
Saptembsr.
259. 781
250. 7I5
108.085
108. 367
107. 2UU
U7,02U
U7.231
17,257
October....
Borember.
December.
259.139
275.691
107.211
109,566
120,619
19U6-Januai7....
lebruary...
March
277.156
277.912
27U.7U8
^ril
272.711
271. U10
268.111
Source:
1.558
2.675
3.770
1.775
5.120
3.096
16.561
28,822
31,136
3l,80U
2,508
11.851
100.
17.039
7.885
10,871
lU.287
18.812
22.332
10.136
31.136
17,011
23,198
23.198
23.U98
10.119
10,118
9.021
31,172
31.130
35.072
17,296
17,970
18,679
23,U9g
23.198
22.967
8.776
9.058
8.235
121,538
121,811
121.357
19,061
19,153
19,181
19.551
19.551
18.251
121.357
121.357
119.502
19,261
19.315
I9,u62
18. 261
18.261
18.261
6,711
Dally Treasury Statement.
,
70I
11, 73I
17, Oil
100.
100.
100.0
3-3
7.5
Special
l**aea
1-3
3-2
3-3
3-1
3-3
lU.6
15.0
X7.7
18.0
Ig.U
19U2
19I3
19IU
19U5
1916
2.303
I.I5I
I.3O8
1.302
1.603
21
Certificate*
Bill*
of
Indsbtednee*
6.1
53-2
12.6
39.8
Ul.6
U1.6
10,617
9,117
7.213
6.3«3
5.698
May
June
100.0
100.0
100.0
100.0
Marketable
Bonmarketable
100.0
100.0
100.0
100.0
1,188
1.556
2.151
3.166
1.555
.
BonMarketjgrketable
able
9.U
20.131
22,013
25.U1U
26.751
30,Uli
262.gl*9
Total
29-7
25.0
18.2
15.1
11.8
35.800
36.576
39.886
12.376
U8.387
.
Bill*
Special
l**ues
56.2
60.3
53.7
63.1
52.8
1937
1938
1939
19U0
I9U1
259.630
Bote*
Certificat**
9.5
11.3
12.6
7.3
11.0
8.0
13.0
3-5
8.8
7-1
6.6
6.1
1.0
13-3
6.5
7-3
9-0
9-0
9-0
3-9
3-9
3-5
13-3
13.2
13-5
5.6
6.5
6.6
7.5
7-7
7-9
18.2
18.2
17.6
9-1
8.9
8.3
3-1
3-1
3.0
13-5
13-3
13.8
6.6
6.5
6.2
7.9
7-3
U3.B
U3.8
UU.2
17.7
17.6
17.9
7.0
7.0
5.6
2.9
3.0
2.7
15.0
15-0
1U.7
6.1
6.1
6.2
UU.5
U1.7
11.6
6.7
6.7
6.8
2.6
2.5
2 5
11.
6.2
16.1
13.6
13.0
u
18.1
18.2
1.3
12.2
11.
13-3
7.2
7-3
8-3
7-9
7-5
7-5
7.7
7.8
7-9
83
August 1946
23
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A - FISCAL YEARS, 1937-1946
(In nllllona of dollAre)
an
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
FISCAL YEARS, 1937-19lt6-( Continued)
(In mllllonB of dollarfl)
Treasury Bulletin
August 1946
25
Detailed Stateaent of the Public Debt and Guaranteed Obligations
of the United States GoTernaent - (Continued)
(PART B - MONTHLX DATA-CContlnued)
(In
-
llllou
of dsUart)
Treasury Bulletin
26
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
1936
^
'37
38
1,9
41
40
42
43
END OF FISCAL YEAR
44
45 Juno 30
^
1946
Office of the Secretory of the Treasury, Division of Research and Statistics
I9J6
^
37
-38
41
42
43
40
-END OF FISCAL YEAR
'39
44
45 June 30
'
1946
B-462-B
August 1946
27
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Government
(imomits In milllonB of dollars)
Public
Aid of fiscal
Tear or month
dallt
and gnaranteed obll^atione
Intereet-% earing
de^t outttandlng
Confuted
annnal
interest
charge
Coa^uted
annual rate
of interest
C Percent)
(In Billions of dollars)
193T
193«
1939
l40,U65
l,0lt7
Hi, 1(28
1,068
•5.336
1,11*9
igito
'•7.87''
ISltl
5't.7't7
1,203
1.335
19''2
19't3
76.517
Interest-bearing
debt outstanding
deM
Ouaranteod obllgatlone 2/
1/
Col^uted
annoal
interest
charge
CoB^uted
nnnuffl rate
of interest
(Percent)
35.800
36.576
39,886
2.53'*
2.51'*
2.1*38
(In Billions of dollars)
92lt
2.582
2.589
2.600
2.583
2.518
9U7
1.037
1.095
£12,376
Us, 387
Oonputed
Confuted
ttTimiAi rate
annual
Interest of interest
charge
(Pezcent)
Interest-bearing
debt outstanding
(In Billions of dollars)
2.588
2.579
i.as
'*.665
lt.853
123
121
2.633
5.1*50
5.1*98
112
log
2.052
1.978
6.360
117
1.831*
H,5l*9
85
1*,092
81
20
1.861
1.968
1.335
1.321
71.968
135.380
5.357
2,aio
1.978
1.925
1.935
1-995
256.357
268,111
5.351
2.2S5
1.979
1.929
1.936
1.996
1.729
2.759
3.869
139. ''72
19"*
Pdblic
l,61tl(
2.679
2.1*98
igue
201,059
256,766
2««,57«
19U5-Jun
256, 766
't.969
1.935
256.357
U,96U
1.936
1(09
1.321
July
August. .
Ssptenber.
260,265
261,261
260,156
3.09*
5.078
5.051
1.91*2
259.781
5.0lt8
1.9't3
l*SU
1.21*1
l.9'»3
26o,7'»6
5.071
1.91*5
l.9''2
259.630
5,0l*U
1.91*3
515
527
1.251
1.275
October. ..
Nov saber.
259.980
263,386
5.052
5.133
1.9''3
1.91*9
5.0l»5
1.91*5
51*1
1.291*
276,2116
5,U2't
1.963
259.1*39
262, 81*9
275.69'*
5,126
Oeccsiber.
1.950
1.965
536
553
1.322
1-338
19U6-Janaary...
Tebruary.
March
278.001
278, U5I
275.290
5. '•72
1.968
1.970
1.978
277.1*56
1.970
1.972
1.979
51*5
1.338
539
1.31*9
5.'A5
51*2
1.353
April
Hay
June
273,21*
271,983
268,578
5. ''30
1.987
533
1.351*
5,l42l(
1.99't
5.357
1.995
1.989
1.996
1.996
19''5
,
. .
'•.969
5. ''87
199.5'»3
277.912
5. "65
5. ''79
7Ug
5.1*38
272.711
271, WlO
268,111
5. '•23
271* ,
Dally Treasury Statement.
Treasury bills are Included In Interest-bearing debt figures at face
amount, but for purposes of calculating the covputsd annual loterest
charge and the computed rate of interest, the discount ralue Is used.
Tor the purposes of computing the annual Interest charge and rate of
Source!
1/
5.1*16
5. 1*17
5.351
1.516
U09
U67
5
7
1.1*10
l.W
I.UIO
Interest on United States savings bonds, Series A-X are coneldsred
to yield 2.901^ per annum and Series r li considered to yield 2.53^.
Guaranteed securities held by the Treasury, and securities guaranteed AS to Interest only, are not Included In this tsble.
2/
Guaranteed Obligations Held by the Treasury
^
(In millions of dollars)
Coomodt ty
Oredlt
Corporation
Snd of fiscal
year or month
1937
1938
1939
191*1
3.630
883
273
lOU
302
11(0
191*2
lt.079
1*00
Federal
Farm Mortgage
Corporation
19>I0
10
25
20
85
7
52
20
57
2.53''
57
57
57
57
360
737
3«3
1,010
9.020
383
383
383
987
961
9.113
9,202
9.255
57
57
57
383
383
922
900
383
88>1
9.109
9.136
9.126
57
37
383
383
383
860
830
807
27
19
13
383
363
360
780
763
737
12.169
11.673
19lt5-June
12.169
1.591
12,1(68
12.U27
1.602
1.679
11(6
12.1*92
I.72I*
130
12.26q
1.688
1.625
1.255
111
11.780
11.678
11,508
11.282
1.272
1,191
1,069
61
February
March
April
May
11.373
June
11.673
1.105
1.259
1.301
551
212
580
1,010
57
~
,
,
,
19l*6-January
12,1911
11,61*5
Dally Treasury Statement.
than $500 thousand.
g6!i
2l*3
13
191*5
191*6
900
1.591
1.301
Lesfl
3.605
5.033
8.U16
9.020
9.205
1.950
•
Tennessse
Valley
Authority
366
108
7.535
10. 717
Source:
Becons true t Ion
Finance
Corporation
syk
283
398
383
263
19U3
October
Bovember
December
Home Owners*
Loan
Corporation
25
15
20
191*4
July
August
September
Federal
Public Housing
Authority
326
9K
76
50
1/
Skh
9.01*6
8.998
8.930
9.021
9,161*
9.205
57
57
57
57
57
57
57
57
These seciu-ities are not included In preceding statements of guaranteed obligations outstanding.
Treasury Bulletin
2S
Statutory Limitation on the Public Debt
as
Second Liberty Bond Act,
Section 21 of the
amended, provides that the face amount of obligations
Issued under authority of that Act, and the face amount
of obligations guaranteed as to principal and Interest
by the United States (except such guaranteed obligations as may be held by the Secretary of the Treasury),
shall
not
exceed
In
the
standing at any one time.
aggregate $2/5 billion outThe current redemption value
obligation Issued on a discount basis which Is
redeemable prior to maturity at the option of the
holder thereof shall be considered, for the purposes of
this section, to be the face amount of such obligation.
of any
Table !•- Condition as of June 30, 1046
(In fflilliont of dollart)
MaxlBUBi aooutit of securities ^Ich may be outatandlac at aigr on* tlae, under llsltationt
of the Second Liberty Bond Act. as aBended
ispoMd
tgr
Section 21
275.000
Aaount of ascurltlas outataadlag subject to such statutory debt llBltatloni
U.
S.
OovemmeDt seeuritisa issued undar the Second Liberty Bond Act, as aaanded
268.^36
1/
U76
Ouaranteed securities 2/
Total amount of securities outstanding subject to statutory debt lioiltation.
Balance issuable under
Source:
Xj
au^
266,932
authority.
6.068
Public Debt Service.
Ibr comparison with the public debt outstaadlng, see folloviag
table 2.
2/
Xxcludas cuATanteed securities held by the Treasury.
Table 2*- Analysis of U. S. Government Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, June 30, 1946
(In Billions of dollars)
U. S- Oorernaent
securities outstandii^
subject to
statutory debt
llfflltatlon 1/
Interest-bearing securities:
Marketable issues
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank restricted 2/.
Treasury bonds - bank eligible
Postal savings and other bonds
Total marketable issues
Uon-marke table issues:
U. S. savings bonds (Current redaaption value).
Treasury savings notes
Depositary bonds
Total non-marketable issues.
Special issues to Oovsraoeat agencies and trust funds.
Total interest-bearing securities
Matured securities on which interest has ceased.
ObllgatloDS bearing no interest:
United States savings stamps....
Ixcess profits tax refund bonds.
Currency items, etc.
^
Total obligations bearing no interest.
Total.
17.039
ju.goit
ie,2&l
Total
public debt
outstanding
August 1946
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 1/
As of June 30, 1946
(In
Tear
and
wnth
mUlioDi of 4olUra)
30
Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States il
As of June 30, 1946 - (Continued)
(In
mUllons of dollars)
Treasury Bulletin
August 1946
31
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 1/
As of June 30, 1946 - (Continued)
(In milliona of doll&ra)
Tear
and
month
Treasury Bulletin
32
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Amount Issued
Date
terms of
offering
wor«
announced
Date
Period to maturity
siibscrlT)-
Descrltitiori of security
tlon
booka
were
onened
Amount of
Bubeeriptlons
tendered
(Period to first call
shown in parentheses)
(Date of issue Is shown in parentheses)
i/
Cash
AllotFor
cash
ExchAnge
2/
In
exchange
for other
securities
(in millions of dollars)
5th War Loan eecurltlee
:
3/
a-l/25t Treas. hond- 3/15/65-76"!*/ 5/. .. (2/1/1*)
7/20/lil*
6/12/1*
7/20/1*
8/21*/'*
S/2!*/l*
g/su/i*
9/20/1*
S/2U/1*
9/25/1*
1-1/1*?S
Certificate-
aSS
Certificate -
T/8^
7/S^
li
Treas. note -
7/8f.
Certificate-
Certificate-
6/1/1*5
8/I/H5
11/17/1*
1/22/U5
2/19/1*5
3/22/1*5
U/19/lt5
2!S
1-1/1*;;
Treas. note
.90^
2-1/2^ Treas. Ijond
11/20/1*' 2S8
Treas. bond
1-1« Treas. note
Certificate
1/22/1*5 7/Sf>
Certificate
2/19/1*5
T/3g
Certificate
3/22/1*5
7/sf.
Certificate
Vl9/it5 7/S^
11/20/1*
-
5/21/1*5
7/23/1*5
8/20/1*5
5/lit/l*5'
5/21/1*5
7/23/1*5
8/20/1*5
1/1/1*6
3/I5/66-7I }/ U/
- 12/15/52-51* {/
- 9/15/47 «'
3/1/1*6
-
k/l/^d
-
5/1/1*6
(5/1/1*5)
CertificateCertificate-
9/12/>t5
10/29/1^
9/2Vi'5
9/2l*/lt5
11/19/1*5
12/17/1*5
11/19/1*5
12/17/1*5
1/21/U6
1/21/U6
2/18/1*6
3/20/1*6
5/20/1*6
6/1U/U6
2/18/1*6
3/20/1*6
5/20/1*6
6/li*/U6
7/17/1*6
7/17/1*6
.(6/1/1*5)
(6/1/1*5)
(6/1/1*5)
Certificate
Certificate
-
-
CertificateCertificate Certificate Certificate Certificate Certificate Certificate -
1*.T70
2.511
yr
1 yr
1 yr,6m_2/
1 yr
3.691*
788
3.1*92
(21 yr,3 m)
8 yr)
(
3,41*8
7.922
1.550
1*.395
Im
1
1
1
1
3,1*16
740
yr
^,0^3
yr
4,811
1.579
^
yr
4,11*7
27 yr
17 yr
yT,6
5
1
(6/I/45)
1
(8/1/1*5)
(9/l/ll5)
9/1/1*6
(6/I/45)
1
1
(22 yr)
7.967
(lUyr)
5,281*
2.635
yr.i
yr
yr
]
yr
1*.799
4,910
2,470
U.336
^/
2-1/2* Treas. bond-12/15/67-72 4/
(11/15/45)
'
Z-l/4)t Troas. l)ond-12/l5/59-62 5/.
f/... .(11/15/1*5)
Certificate- 12/l/46
(12/3/1*1')
7/8*
8*
8*
3*
2.909 2/
5.825 2/
1,91*8 i/
!*,770 2/
2/
7/1/46
8/1/46
yiotory Loan eeourltlea:
2.909
5.825
1,948
1 yr,
26 yr.3 m
(21 yT,3 m) 2/
10 yr
( 8 yr) 2/
2 yr,9n2/
-
Treas. note -
1
(20 yr.S m) 6/
8 yr)
(
(12/1/1*)
(12/1/1*)
(12/1/!*)
(12/1/!*)
(2/1/1*5)
(3/1/1*5)
(4/1/1*5)
2-1/2^ Treas. bond- 6/15/67-72 4/
2-1/4^ Treas. bond- 6/15/59-62 ^/
l-l/2fi Treas. bond-12/15/50
7/S;;
Certificate- 6/1/U6
7/8^
•
2/1/1*6. T
.gofj
n
26 yr,3 m
10 yr
2 yr,9 m
1 yr
-
7/35;
jrr,9
10 JT
2 }rr,9 n
11 m
(12/1/1*)
(12/l/!*)
(12/I/I*)
(12/1/1*)
1*/
Treas. note- 9/15/47
Certificate- 12/1/U5
7th War Loan eecurltles:
i*/ll/U5
(10/1/!*)
Treas. l)ond-12/l5/52-5l*
7/8^
11/17/1*
(ll/l/l*l)
25
3/
2-1/2^ Treas. bond- 3/I5/66-7I
U/20/1*
(8/1/!*)
(9/1/1*)
9/1/1*5
3/15/1*6 5/
10/1/1*5
6th War Loan aecurlties:
10/23/1*
(6/2b/l*)
(6/26/1*)
(6/26/1*)
Treas. bond- 6/15/52-5!*
Treas. note- 3/15/1*7
7/8^
U/lU/l*
27 yr.l
17 yr.l
1 yr
yr
m
yr
(22 yr.l m)
(l4 yr.l n)
11,689
3.1*70
3.768
10/1/46
11/1/46
1/1/47
(10/1/45)
(12/1/45)
(1/1/46)
2/1/47
3/I/U7
(2/1/U6)
(3/l/t6)
4,954
'»/l/lt7
(V1/U6)
6/1/47
(6/1/46)
7/1/1*7
(7/1/1*6)
4,742
4.168
*.673
8/I/U7
(8/1/46)
I
11
1
3.440
3.778
3.330
l*.106
mflut
ratio
Atufust
1946
33
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
J)eA%
Disposition
offers
TreaBUiy
of
for exchange
transaction, or
of retirement
for cash
tranaactlon
Hasnlts of
frmhanga offers
T>7
Deeorlptlon of called or maturing
eeourlty 1/
Jbnount
outCaih
standlog retlremsDt
(Date of issue Is ahovu in parentheses)
Deacrlptlon of nev
security offered
Ibshange
Turned
Percent
fficsecurity
in
azchanged
offered
for cash changed
(In millions of dollars)
U/l/Ul»
(1*/15/1*3)
Certificate-
U/l/l*
5/1/1*
S/l/W*
9/1/1*
Treas. note Treas. note -
9/I5/I*
9/15/I*
(1/31/1*1)
CertificateCertificate-
7/8*
5/1/1*
g/l/W*
9/1/1*
7/g)t
5.251
1.6^5
5.251
1.655
'*.877
371*
31*
98
99
1*28
90
635
283
602
185
33
(12/22/39)
635
283
Totals for exchange transaction of 9/15/1*--
I
918
918
7gg
130
1*
(10/15/1*3)
(l2/l/l*3)
3.519
3.519
3.51*0
3.1*92
3,1*16
27
3.51*0
121*
99
96
(IS/lS/aU)
1.037
1.037
911
126
Certificate
7/g*
7/g*
12/15/1*
-
lO/l/Ul*
Certificate-
12/1/1*
1**
10/1/1*
12/1/1*
Treas. bond - 12/15/l*lt-5l*
Certificate7/8*
1-1/8* 000 note
-
(5/I/U3)
(S/2/U3)
(9/15/1*3)
11
2/1/1*5
(S/l/UU)
5,01*8
5.oi*«
i*,6l*9
1*00
2/I5/U5
(7/21/1*1)
1*12
1*12
395
17
92
96
••
5.1*60
5.1*60
5.01*3
1*16
(2/1/1*)
2,127
718
1.606
2.127
718
1.606
2.109
18
1,^
60
99
^?
96
••
l*.li5l
U.l*5l
l*,ll*7
301*
U.877
1,615
1*.877
l*,gll
1,615
1.579
66
35
99
98
(6/26/1*)
(6/1/39)
1*,770
l*.770
l*.187
755
755
723
583
32
96
5.525
5.525
i*,9io
615
3/1/1*5
3/15/1*5
3/15/1^
Certificate -
1*/1/1*5
Certificate-
5/1/1*5
Certificate
7/g*
1-1/2* BOLO hoad
6/1/1*5
-
7/S*
9/1/1*5
{
Certificate-
7/8*
8/1/1*5
(3/15/1*0)
(9/25/1*2)
Certificate-
2-3/1*
Treas. -bond
-
6/1/1*5
6/1/1*5-1*7
8/1/1*5
9/1/1*5
9/15/1*5-1*7
7/8*
Certificate-
10/1/1*5
Certificate - 12/1/1*5
Treas note - 12/15/1*5
2-1/2* Treas hond - 12/15 AS
7/8*
12/1/1*5
3/1**
.
.
3J(
1/1/U6
2/1/U6
.90*
7/8*
3/1/1*6
7/^
.
^
lt/i/1.6
5/1/1*6
6/1/U6
^
g/l/U6
Sourcel
p
n.a.
1/
2/
J/
Certlfloats
bond
Treas. note
Certificate
Certificate
-
.
-
1*
7/8*
7/8*
Certificate
Treas. bond
3-1/8* Treas. bond
Treas, note
.90*
Certificate
7/8*
3J(
3/15/66-71 2/
1/1/1*6
1/1/1*6
2/1/1*6
3/1/1*6
3/15/1*6-56
3/15/1*6
2/1/1*6
'7/g*
Certificate -
3/1/1*6
Certificate
Certificate
l*/l/i*6
7/8*
.90*
Treaa. note
7/1/1*6
5/1/K6
2.511
2,1*70
Ui
98
7/8*
Certificate
8/1/1*6
3.69U
3.1*29
1,211*
93
75
'7/8*
Certificate
9/1/H6
••
1*,908
i*,90g
907
U.336
265
307
572
88
(lO/l/Ul*)
3.1*92
3,1*92
3,1*1*0
52
99
7/8*
Certificate
10/1/1*6
(12/1/1*)
(IS/lg/MO)
(12/15/37)
l*.395
i*,395
2.932
1,1*63
1*38
93
133
67
82
75
7/8*
Certificate
11/1/1*6
1*08
5.1*67
3.778
1,689
69
3.1*16
3.330
U.95U
85
89
98
98
7/8*
T/BH
Certificate Certificate -
I/I/U7
7/8*
Certificate -
3/1/1*7
7/a*
Certificate -
U/I/U7
5.U67
16
(1/1/16)
(la/i/uu)
16
(2/1/1*5)
5.0U3
(3/l/''5)
i*,li*7
l.Oll*
(3/15/26)
1*89
1*89
1,291
1.991
1.579
5.01*3
(11/1/1*1)
1.291
(Vl/1*5)
l*,gll
(5/1/1*5)
1.579
6/1/1*6
(6/1/1*5)
(6/15/3'*)
l*.799
6/15/1*^8
6/15/1*6-1*9
(6/15/31)
819
(6/1/%)
U.qio
1.991*
(8/1/1*5)
2,1*70
1,250 p
7/1/1*6
8/1/1*6
Certificate
2,511
5/1/1*6
-
7/8*
3.691*
I.211*
Vl/l*«
-
7/8*
«/15/w|
7/1/1*6
ConTarsioa
bond
Treas. nets
Certificate
3-3/I1* Treas.
3/15/1*6
9/15/1*7
12/15/52-51*
(9/1/1*)
(9/16/35)
Totals for exchange trassaction of 12/I/U5
1/1/1.6
10/1/1*5
1/1/1*6
(S/l/UU)
Totals for exchange transaction of 9/1/1*510/1/1*5
Certificate
Treas. note
89
.
Totals for ezchdnge transaction of 3/1/1*57/8^
7/8*
5/1/U5
.90*
3/15/1*6
93
Ct/l/l*)
(5/1/1*)
Treas. note Treas. note note -
.90*
3/1**
1-1/1(* Treas
Vi/^
7/g*
-
92
Totals for exchange transaction of 2/1/1*5-
S/i/itS <
Treas. note
5/1/1*5
8/1/1*5
9/1/1*5
1-1/1** Treas. note
2jl>
Treas. bond
.2-1/2* Treaa. bond
Totals for exchange transaction of 6/1/1*5---
^/l/l^5
1*
U/I/U5
Certificate
Certificate
Certificate
Certificate
86
Certificate -
3/I1*
9/15/1*
7/Si
7/8*
7/8*
93
2.51*5
1*,122
1,615
2,511
3.69U
1*0
2.51*5
1*.122
7/8*
7/8*
Bureau of the Public Debt,
Preliminary,
Hot aTallable.
Original call and maturity dates are used.
Bank restricted Issue.
Prior to the refunding operation of March 1.
1.036
2,025
1.036
3.133
3.133
if
2.820
2,820
y
2.775
2.775
7/8*
Certificate -
6/1/1*7
2.916
1.220 p
2.916
7/8*
7/8*
Certificate Certificate -
8/I/U7
819
n.a.
issues were either paid off in
the prlTllege to exchange into
ning with that operation, some
Trsasury into a stated portion
mainder covered by an offering
19l*6.
maturing
2/1/1*7
7/1/1*7
full or the holders were glTen
another security in full. Beginmaturities hare been split by ths
for cash retlronent with, the reof an exchange security.
Treasury Bulletin
3"+
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(inotmte In millions of dollars]
Description of nav iBsna
Sste of
Isene
imount of bids accepted
Matnrltj
Amber of
d^e
to
aturity
19>t^nae
T
lU.
21.
ZS.
-
June
June
June
July
July
5.
12.
19.
26.
July
July
19ltjiiS«pt.
Oct.
Oct.
1.237-1*
2,0W.9
,312.1
1,252.0
1,938.6
2.008.2
2.006.0
1.317.0
1,318.7
1,267.6
1,265.3
1,311*.
l.257.'»
1,956.1*
1,310.5
1,309.0
2,028.5
25.
15.
23.
29.
91
91
91
92
91
U.
11.
18.
2,112.8
2,2U3.0
2.256.3
2!oWt.7
1,986.1
1,932.U
13.
20.
27-
91
91
91
91
6.
2,02'».7
2.093.7
2.073.5
1*.
19l)6-J«n.
Jan.
Jan.
Jan.
3.
10.
17.
SU.
91
91
91
91
2.1591
11.
Ig.
25.
Jan.
Job.
Teb.
Oct.
Oct.
31.
7.
lU.
91
91
91
90
91
2,ao.5
91
91
91
91
2,163.0
Hot.
Hot.
Hot.
Sot.
Hot.
Sec.
Dec.
Dec.
Dec.
1,253.0
1,252.7
305.5
91
91
91
91
Sbc.
Sbc.
Dec.
Dec.
.
30U.9
.310.6
Oct.
Oct.
Oct.
Oct.
Sept
6
Sept. 13.
Sept. 20.
Sept. 27.
iae.
1.251.7
1,251.5
2,071.'t
6.
!i9b.
6.
13.
20.
27.
19l*6-Jan.
a.
Teb.
28.
Mar.
Mar.
Mar.
Mar.
^jr.
ipr.
ipr.
iJ;
a.
28.
1*.
imonnt on
competitiTe
Total
amount
1.302.3
1,309.8
1.305.3
1.317.8
91
91
91
91
23
30.
16.
UdB
tendered
Sept. 13.
Sept. 20.
Sept. 27.
Sot.
B6t.
Hot.
BoT.
Sot.
ing
bxg
tag
ioount of
2,157.5
2.0>t8.0
2.08'*.7
2,076.8
1,9110.7
2,178.5
2,15^.7
1,253-9
50.6
58-3
m
51-9
58.0
68.1
60.1
17.01*3.5
1,314-'*
17,038.1
1,306.1
1,302.0
1.306.7
1,300.6
1,257.6
I.2U1.0
1,252.1
1*8.5
17,01*1.9
17. 031*.
l,2lt7-6
61.0
5^.6
53-0
1,302-3
1.309.8
1,305.3
1,317-8
1,310.5
1,311.0
1,309.6
1,310.0
1.263-3
1,256.1
1,256.1
1,251.1
U7-I
5U-9
53-6
59-0
i,30'*-9
1,310.6
1,305.5
1.312.1
17,023.9
17,024.3
17,028.5
17,026.4
1,318.2
1,316.7
1,316.7
1,302.1
1,316.0
1,267.0
1,261.6
1,273.8
51-3
55-1
303.5
301.8
316.5
2,038.1*
30l*.U
91
91
91
91
91
2.905.0
2,259-5
2,005.3
2,016.3
2,025.2
302.9
316.1
312.1
316.9
315.9
91
91
91
92
1,928.2
1,987.8
2,037.3
2,006.1
91
91
2,015.0
2.08U.6
17,027.6
17.025.6
17.027.9
39-3
,306.1
,302.0
,306.7
,300.6
17,023.7
17,023.5
17,033.3
17.037-1
38-5
62.5
61.2
60.0
53-7
1.310.5
1,311.0
1,309-6
1,310-0
1,318.2
17,029.5
17,034.6
17.037.1
1,268.1
1.257.
1,253.1
1,275-1
U6.7
51.5
48.1
1,316.7
1,316.7
1,302.1
1,316.0
17,039.7
17,032.0
17.031-2
17.031-8
1,261.2
1*7.8
5l*.6
1,303-5
1,301.8
1.316.5
1,304.4
17.037-'*
17.039-'*
1,21*2.1
60.0
1.269.8
1*6.2
1,2*.7
1*8.8
1,21*6.2
55-6
1,262.1
1,265.0
51*.
1. 26U.lt
I*
9.
Mar.
Mar.
Mar.
Her.
7Ik.
21.
28.
June
June
Jane
June
13
20.
?7.
91
91
2. 07'*.
1,309.0
1,303-8
1,315.3
1,98U.5
1.313.'*
1.265.5
1.268.6
ipr.
ipr.
Apr.
tfT.
k.
11.
18.
25.
July
July
July
July
5.
92
11.
18.
25.
91
91
91
1,863.6
2,050.1
1,989.7
1,902.1
1.312.0
1.317.1
1,310.3
1,315.3
1.277-7
1.272.7
1,263.1
1,272.8
1*2.
1.
8.
91
91
91
91
90
1,850.1
1,961.0
1,900.9
1,927-6
1,951.2
1,309-2
1,308.2
1,301.3
1,313.7
1.312-5
1,265.5
1.265.8
1,260.5
1*3-7
1*2-5
lto.9
l,27'*-3
3?.'»
91
91
91
1,922.8
1.990.7
1.950.6
1.312.9
1.310.1
91
1,851*.
1.305.9
May
May
May
Hay
June
June
June
June
ource:
Note:
1
tag.
23-
316.
13
20.
27-
iag
iag
tug
1522.
29.
Sept
5
Sept. 12.
Sept. 19.
Sept. 26.
Public Debt SerTlce for data on new issues; Dally Treasury Statement for data on maturing Issues and amounts outstanding.
See Anmial Eeporte of the Secretary of the Treasury for back
1,311*.
1.309.0
1,301.3
1.316.7
1.310.1*
17.035-5
17,018.3
1.317.0
1.318-7
1.31U.5
1,310.6
1.309.0
1*2.9
May
May
May
May
lag
I.31U.3
1.307.4
1,313-1
7.
lU.
21.
28.
2.
17,029-1
17,035-8
17,023-1
17,024.9
52-6
Teb.
Tab.
Feb.
Fob.
M^
1,317-1
1,303-9
1.318.2
1,310.3
1,256.1*
2.
6.
17,03U.7
17,0?7-5
17.041-3
1,260.3
Hay
16.
23.
31.
i.3ii».o
17,027.5
17.038.9
17.045.9
aU.
31.
25
17,01*1-1
1,307.'*
1*9.
Jan.
Jan.
Jan.
Jan.
11.
18.
1,310.2
1.316.1
1.302.5
Total bills
outstanding
(as of date
shown In
first column)
53 -t
57-1
50-3
2,030.9
2,085.
1.21*6.
imount on
flzed-prlee
basis i/
imount of
matnrin^
issue (as
of date
shown In
first column)
1,253-6
1,250.9
l!262.1
1,21*9.2
1*1.6
1*9.8
1*1*.8
t.l
1*7.2
17,026.3
17. 041*.
17,041.6
17,038-2
17,047.2
1,302.9
1,316.1
1,312.1
1.316.9
17,056-3
17.057-2
17,047.1
17,o4o.5
17,032.9
17.045-3
I7,04l.l
17,045.0
17,051.4
17,046.4
17.038.9
1,288.0
24.
1,315.
1.314.
1.309.
1,301.
1,316.
1,277-2
1,272.2
1,273-5
35.7
38-0
36.8
33.5
1,309.0
1.303.8
1.315.3
1.313-4
1,272.1*
17,019.1*
17,055-'*
17.053-7
figures.
1/
Tenders for $200 thousand or less from any one bidder are
accepted in full at 99-905 per hundred.
August 1946
35
Offerings and Maturities of Treasury Bills - (Continued)
Table 2.- Prices and Rates of Treasury
Date of
isfue
BUI
Offerings
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
United States savings bonds were first offered for
Bonds of series A-D were sold
In March 1935.
Series E, F, and O
between torch 1935 and April 19't-l.
Bale
bonds have been on sale since May 1,
19^+1
•
Series A-E bonds are 10-year discount bonds sold
and yield 2.90^ per annum If
at 75«J of BBturlty value,
Series F bonds are 12-year discount
held to maturity.
bonds sold
at
7H
of
maturity value,
and yield 2.535t
subscribers except commercial banks.
however, were permitted to
certain periods and with
Commercial banks,
purchase these bonds during
certain restrictions.
For
details concerning these periods and restrictions see
"Treasury Bulletin" for December 19'+'t.,
page 36, footnote 9, and "Treasury Bulletin" for February 19'*-6, page
37,
footnote
9,
and page A-22.
For details concerning
and redemption values see
October igl^-S, pases k-h and
features, investment yields,
"Treasury Bulletin"
bonds are 12Series
per annum If held to maturity.
year current Income bonds, sold at par, bearing Interest at 2-1/2^4 per annum, and redeemable at par at maturity or at stated prices less than par before maturity.
Purchases of series A-D bonds were llirdted to
These
17,500 Issue price In any one calendar year.
subscribers prior to
bonds were available to all
April 1, 19't-O, and to Individuals only after that date.
Purchases of series E bonds are limited to $3,750 Issue
redemptions.
for
A-5.
price in any one calendar year, and may be made only by
Individuals (defined as natural persons only). The
combined Is $100,000 Issue
limit
for series F and
price In any one calendar year ($50,000 In calendar
year
iglt-l).
Series F and
bonds are available to all
Series A bonds matured
in
19'*-5i
Matured bonds
outstanding are
reflected
in the interest-bearing debt until all bonds of the se-
ries have matured, when they are transferred to matured
debt upon which interest has ceased, in accordance with
the practice of the Dally Treasury Statement.
In the following tables
at issue price,
sales
figures
are
quoted
and redemptions and amounts outstanding
at current redemption values.
Amounts of series
standing are quoted at par.
Summary of Sales and Redemptions, by Series, as of June 30, 1046
United Stat«B
saTlDge bonds
and bonds of se-
Matured bonds
ries B began to mature In January 19'*-6.
turned in for redemption are included in the figures on
out-
37
Atxgust 1946
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 2.- History of Sales and Redemptions
Bedemptione
Accrued
discount
Amount outstanding
1/
Salea
plus
Sales
price
accrued
discount
Accrued
discount
Matured
debt
Interestbearing
debt
Percent of
monthly
redemptions
to amount
outstanding
(In millions of dollars)
62,395
1.559
63.95't
lU.goi
1935-191*0
3,120
igw
1,1*92
96
65
3.215
1.557
6.082
311
lUg
207
Total.
Inception to Juno )0, l^^.
1*9.035
riieal years:
191*2
5,991*
191*3
11.789
191*1*
15.1*98
lU, 891
2.905
301*
7
1U3
201
5
I1.3II*
6
10.188
7
21.256
31*. 606
11.916
81*8
Bl*l
15. 721
2.371
2.358
15.278
1*.298
lt.252
9.612
126
223
387
573
10.181*
6.717
ws-isiw
3,1*1*9
12U
19'H
77
3.573
3.113
9.259
379
168
19'»5
191*6
1*5.586
1*9.035
Calendar yeari:
19I12
3.036
9.157
WUJ
13. 729
191*11
16,0W*
12.937
191*5
102
3.195
369
162
9
6
6,11*0
31*9
51*3
6
15.050
1.585
9
20
86
27.363
169
295
13.
898
16.339
3.3''l
Ink
13.1*21
5.558
1.576
3.321
5.«72
2,222
1*03
396
1.351
1*28
U21
738
531
521*
7
1*6,508
116,715
1(0,361
1*4,183
Nonthei
igUj-Jmo
2,178
1,291*
July
Au^st.
700
51U
. .
56
38
1*5.586
.
555
528
522
7
116.71*1
37
616
533
559
9
1*6.786
36
661
1,220
1.310
607
l.lgU
October.
HoTeober.
December.
1*1
621*
September.
521*
10
11
1*7.1*73
1.023
666
672
629
565
?^
621
552
519
1,251*
57
19U6- January...
Jebruary.
March
960
622
626
61*
^rll
668
59U
571
1*5
MV
June
itU
1*6
5U9
613
552
16
13
1*8.183
;
63I*
639
635
a-a.
a. a.
n.a.
26
23
21
19
18
1*8,588
1*8.692
1*8.733
1*8.828
Its. 917
119,035
.88
•92
l.lU
1.13
1-32
1.12
1.16
1.29
1.16
1.30
1.27
1.13
1.06
Series A-D
Total,
TtBcal yearai
1935-19tO
3.91^
61*1*
3.120
Inception to June 30, 191*6...
1^
65
86
19U1
828
191*2
1
92
96
103
10b
19'*3
191*4
19''5
191*6
3.365
11.593
1.210
3.215
893
311
30I*
ll|«
lll2
87
133
126
96
103
106
79
82
72
1113
117
se
309
2.905
3.650
3.6OU
7
5
6
3.608
3.625
3.585
3.365
6
8
25
n.a.
Calendar yearet
3.1*1*9
1935-19'*0
1*99
191*1
121.
77
90
191*2
3.573
576
91
369
379
155
ii*e
101*
97
9
6
6
3.195
3.616
3.603
7
91*
191*1*
19'»5
91*
81
100
105
19''3
100
105
78
70
8
3.616
3.638
226
179
1*7
3.1*77
16
16
9
9
7
7
7't
Hon till
191*5-Jun«
Jaljr
Au£UBt...
September
16
3.585
.58
22
16
lU
17
13
11
3.579
3.572
3.565
.62
16
18
20
3.551
.58
3.531*
3.1*77
.61*
5,1*62
1.21
.82
.89
,
October..
KoTember.
December.
7
7
6
9
6
9
20
23
25
19l*6-January..
16
16
1*2
33
lebruary.
March
9
9
29
22
7
7
31
7
7
6
6
31
29
9
9
28
i^rll
May
June
(Continued on following page)
5?
26
23
n.a.
n.a.
n.a.
21
19
18
3,1*1*6
3.1*25
3.H03
3.582
3.365
.1*5
•39
71
.90
.81*
.82
Treasury Bulletin
38
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued!
SedemptloQs 1/
Accrued
dl Bcount
Period
Sales plus
acoraed
diseoont
Accrued
Sales
price
dl scount
Amount
outstanding
(intereatIjearlng
debt)
(In millions of dollars)
Series I,
Total. Inception to June 30, 1946.
Fiscal years:
I9IH
58.l»li6
66U
5.993
11,789
191*2
I9IW
I9U5
I9U6
15.1*98
14,891
9.612
Calendar yeara:
I9U1
19U2
7,
and a
915
59.361
2
36
127
284
467
664
5.995
11.824
15,625
15.175
10,078
2,292
4.156
6,408
2.537
9.16?
13,804
16.239
13.315
14
14
246
1.504
3.263
5.332
245
1.502
3.251
5.293
13.691
45.670
1
•
7^
760
2.286
4,134
igi*?
2.537
9.157
13.72?
191W
16,041*
19^
12.937
12
7U
195
379
191*5- Juno
2.178
35
2,213
383
380
July
1.294
700
41
29
4o£
SI"*
33
1.335
729
548
403
511
510
624
1,184
1.254
654
1,214
1.301
596
511
II
591
506
529
Tebruary
March
960
622
626
48
35
39
1,008
657
665
587
537
6o4
April
Hay
Jane
668
594
571
39
55
1%
590
524
627
491
Months:
ihigaet
.
.
Septeober
Octolwr
HoTember
December
.
191*6- January
.
30
39
53't
581
530
1
6
21
D.a.
Percent of
monthly
redemptions
to amount
outstanding
August 1946
39
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- History of Sales and Redemptions - (Continued)
Beda^tlona
Aflwunt
Sales plus
acomed
diaooont
Total
Accrued
Salei
price
dl count
Percent of
oat at ending
(latereatbearlng
rede^tlona
detit)
Salat
Accrued
dlteowit
oatatandln£
onthly
to aoount
(In mllltona of dollara)
Series T
total, Inception to Juas 30, 19I46.
Tlaeal yesjra:
igui
19U2
3.11*8
63
'*35
19lt5
75«
K12
679
191*
I107
316
2.895
67
67
,
WU?
is*
3.211
67
3
2
9
19
811
698
17
58
89
88
1U9
33
1*99
3
17
57
1.21*2
1
n.a.
1.996
2.6oU
2.895
Calendar years:
191*1
,
208
208
191(2
2
19^5
I9UU
u
13
85
773
595
191*5
65"*
750
786
621
207
7
35
106
851I
7
35
77
lOU
1.569
2.278
2.793
Months)
2.60U
•31*
2.6U7
2.662
32
19>(Wn*
17*
180
JvlT
U7
32
18
51
23
20
8
8
8
8
8
8
8
5H
83
10
56
86
10
10
13
10
10
13
2.67U
2.720
2.793
1*0
1*1*
lU
32
30
ii
13
15
n.a.
2.823
30
27
21*
Jua
2U
32
27
28
13
17
16
n.a.
May
13.185
13,185
769
769
19U6
2.1*65
395
2,032
2.759
2.576
2.658
2.U65
1
12
191*5
395
2.032
2.799
2.876
2.658
An^ast....
8eptem1)er.
October.
HoTSmber
.
]>seenber>
19U6-Jannar7'.
.
Febmarjr.
March
iprU
2.671*
2.81*1
2.855
n.a.
n.a.
2.871*
2,883
2.895
Series S
total, laeaptlon to June 30, 19>*6-
fiscal years:
191*1
191*2
I9U3
19^
1
220
12
55
13U
220
31*8
31*8
55
131*
Calendar years:
1.185
2.516
2.6U0
2.891
2.520
191*1
191*3
19U3
191*1*
19U5
1.185
2.516
2
29
2
29
2.61*0
89
2,891
2.520
181
89
181
26I*
26I*
532
532
22
22
20
Months:
19lt5-irTma
as
215
107
76
107
22
22
76
20
October
BoTODber.
December.
107
107
265
262
265
262
19l*6-Jamaary..
February.
278
225
228
278
225
228
33
30
37
33
30
250
225
226
250
225
226
31
31
July
An^net ...
Septeaber
March
tpril
May
June
37
12,1*16
31
30
37
37
Treasury Bulletin
ho
Sales and Redemptions of United States Savings Bonds -(Continued)
Table 3.- Sales by Series, Classified by Denominations
Salss In
Total
all
denomlnatloDB
Total, Inception
through
Juno 30, 191(6..
1*2.113
Percentage distribution of sales
lllloai of dollar* st Issue prloe
DanoBlnatloD
$10
$25
»50
$100
1/
133
$200
$500
$1,000
$5,000
$10,000
Total
all
denoBlnatlone
J/
13.796
5.713
8.660
SenoBlnationi
$10 1/
and
$50
$25 2/
5.182
197
8.U32
93
1.119
l.Ugl
2.0Ug
2.100
1.591
100.0
100.0
100.0
100.0
100.0
17-5
36.1
35-1
3U.6
32.1
U50
1.313
I.8I5
2.163
2.002
100.0
100.0
100.0
100.0
100.0
29.5
36.0
3U.U
33-9
33.0
13.6
7-1
6.5
9-7
13.1
13.9
$100
$500
and
and
$200 J/ $1,000
32.3
fiscal /earsi
203
3.526
8.271
11.820
11.553
6.739
19141
19i«
191*3
l9Wt
191*5
191*6
Calendar joars
I9UI
13
Ul
1*1
616
31*2
2.988
1.081
811
1,71U
637
1.007
1.397
1,326
ii*
l|.ll*9
1.61*2
2.581*
3.926
2,101
1.725
910
2.U06
1.102
93
258
1.338
2.169
2.706
1.81*2
197
771*
100.
191*2
5.989
191*3
10,31*1*
llU
1.769
3.719
ism
12,380
9,822
lt.2l*l
712
1.390
1,797
3.2'»3
1.1*16
191*5- Juns.
1,1*68
358
179
318
227
376
July.
Aug..
Sept.
1.032
323
11*6
128
222
1*7
2
100.0
100.0
30
U9
70
,
191*5
1,11*5
229
856
1.253
1.1*1*6
1.119
115
10.
llt.9
13.5
8.1
11.9
13.U
1U.5
20.
23.0
20.7
21.9
20.8
19.3
22.6
66.0
U9.8
30.1
29.1
29.7
35.1
lU.U
21.0
21.9
19.9
59-3
36.2
29.6
29.2
31.6
25.0
12.2
21.7
Ul.l
100.
U2.3
U5.g
IU.1
16.8
18.1
19.9
18.2
17.5
33-9
22.7
18.8
100.0
100.0
100.0
25.0
25.6
17.0
10.9
11.8
18.0
22.3
22.3
21.8
Ul.8
U0.3
27.0
33-«
32.5
11.
I8.9
16.8
17-7
1(2.7
31.1
13-7
12.3
11.3
22.
Months;
231*
96
205
lOU
teo
183
76
71*
Oct.
lOT.
Dec.
510
865
908
21U
210
228
87
9U
107
91
139
1U3
191*6- Jan.
6Ul
367
371
168
120
73
51
93
51
28
117
1*9
51*
11
388
3t5
117
100
87
^U^
Ug
k6
12
10
8
Teb.
Mar.
ij>r..
May..
June.
3a
36
Ul
121*
55
60
126
37
39
19U
93
98
100.0
100.0
1*2
105
Ul
Ul
11
2U0
100
100.0
100.0
100.0
100.
101
Sarles 7 and
Total.
Inception
throat
June 30,
19>(6..
Tlscal /ears:
19Ul
19U2
I9U5
I9UU
I9U5
I9I16
Calendar /ears!
I9U1
19U2
I9U3
iguu
19U5
I6.33U
19
Ue6
U6I
6
2.U67
3.517
3.678
3.337
2.873
106
13U
109
71
61
1,107
U.877
3.112
96
8U
13
lUl
702
229
291
255
179
1.016
1.156
1.012
f96
I
1.U6
215
1.119
933
1.393
3.168
3.385
3.66U
3,115
26
98
12J
191*5- Juno.
710
15
36
lUU
July.
Aug..
Sept.
263
8
21
12s
u
U
89
U9
9U
3
8
37
Oct.
Hot.
115
U
319
10
U5
12U
Dec.
3U5
8
9
28
22
19U6-Jan.
319
5
reb.
Mar.
255
255
U
U
16
11
86
63
13
72
Apr..
May..
June.
280
250
250
u
u
lU
13
12
75
72
8U
267
293
355
906
Months;
Source:
•
1/
3
Dally Treasury Stateaent and roporte froa Todsral Besorre Baiks.
Lees than $500 thousand or less than .05 percent.
Sale of $10 denomination Series I bonds »aB authorised b^lnning
June 19UU for sale to the araed forcee only.
103
81
U3.2
29.7
28.0
13-9
13.1
17.
16.
16.9
35-5
36.7
37.8
Ul.2
U3.«
$5,000
and
$10,000
August 1946
1*1
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 4.- Number of Pieces Sold, Classified by Denominations
(Thousands of plvcaa aold)
Pbrlod
Total
all
denonlnatlone
Dsnomlnatla
«10
$50
$25
$aoo
$100
2/
$1,000
$500
2/
Serlei X
throo^
Total, loceptlon
Jtum 30. 19U6
1,01*7.722
TlBcal years:
19U1
1.905
55.967
215.709
305,986
303,116
165.039
igita
19^3
igw
1^5
191*6
Calendar Tears:
I9UI
igUz
9.223
8.505
735.80U
152,358
115,1*62
767
32.832
159,36?
221,284
17.728
353
9,107
28,828
552
10,837
22,851
1*3,800
1*5.995
3lt.l*i*7
209,1*80
112,071
24,274
32,083
1U.693
ag
6.077
2.1*85
9l*.35^
18,999
37.060
3.582
11.381
13,
191A
ig"*?
13,818
11,21*3
1,311
108
1,698
2,686
3.725
3.535
2.065
125
1.U93
1,975
2,730
2,800
2,121
612
2,282
600
1.751
3,3'tO
3.856
2,1*20
2.881*
2.981*
2,669
606
502
17,81*2
198.333
226,213
1,311
3.'tl<6
135.227
270,068
320,527
253.078
.
172,91*8
1*7.915
28,915
36,077
37.773
2l*,55l*
769
Months:
19l»5-Jime
30,1*13
1,191
19,108
It,
768
1*,238
July
^i^UEt
September
25.582
17.209
3.886
2.566
2,028
2.731*
17,71*8
ll*,088
,116
.103
.187
October
Novenber
December
16.01*0
901*
11,1*01*
I7.36U
18. 613
9*5
19U6-Jamiary
February
March
13.1*52
620
9.255
9. Oil
i^rll
Kay
June
9.238
7,730
6,8>lg
12,1*60
9.71*8
'is
126
79
1,383
981
2.313
2.511
1,81*9
2
365
12,161*
2.81*5
1,902
l,2l|0
516
509
6,2>t6
I.9U7
1,365
1.294
523
299
299
6,222
5,355
U.6e6
1,1*21
7'*3
1,128
971
637
613
11,207
1,211*
67U
723
296
1*01
109
330
335
317
320
77
212
99
103
124
130
78
68
56
111
110
109
13*
133
2.327
5.168
100
91*
lllO
Series F and
Total, Inception
throu^
Juno 30, 191*6
15,103
5,211
fiscal years:
191*1
2,110
3.251
3.869
3.326
60
191*3
191*4
191*5
191*6
2. 31"*
216
303
291
125
28
77"*
233
191*2
1.1U9
1.U25
1.156
300
487
610
532
61*7
369
277
1.077
1.317
121
Calendar years:
191*2
901
2.902
191*3
3,621*
191*1*
3.821
2.807
191*1
191*5
156
270
1*19
1.391*
565
613
899
1*1*7
Nonths:
U92
1*2
158
75
July
Au^iBt
September
263
136
21
10
81*
1*1*
112
12
t3
36
22
17
October
Sbvember
u6
riecember
298
6
21
22
38
109
90
5?
215
10
55
38
38
33
19l*5-June
19l*6-Jamiary
February
Kerch
5
5
19
^rll
181*
5
1*2
KiW
June
170
160
5
iio
29
26
3
36
25
$5,000
$10,000
Treasury Bulletin
kz
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 5.- Sales of Series E Savings Bonds, Classified by States
(In thousbnds of dollara)
Total
191*6
191*5
ino option
through
June 30
Stats
July
June
Mar.
Jan.
Sept.
Aug.
Hay
Apr.
I9I46
Alabama
Arizona
Arkansas
U.57I*
12,029
15,701
10.81*8
3,6ii!*
1.297
2.373
3.311*
l*.92ll
5.827
6.617
2,661
U.910
1.215
2,228
60,1472
7.775
6,3GU
13.62I*
73,966
7.535
13.812
51*, 981*
3.1*78
37.1*39
3.21*0
1,323
6,§5S
5.161
1.057
5.610
6.771
1.932
13.856
1,996
12.71*7
8,1*15
11.326
8,289
1.215
5. 580
79.1*03
1*5.962
36.15I1
6,128
1.089
35.617
9.376
3.309
58.518
12.1*31*
13.28l|
6,383
5.150
6.591
l».751
i<,09i
U,263
1*,815
1.1*75
16,U7U
7.821
lt.ltS3
2.01*5
3,658
1.239
2.351
3.586
1.227
2.291
3,327
1,006
2,015
28,180
2.738
5,356
29,627
5.951
28.750
3.361
5.65U
25.199
2,958
5,089
1.938
8.192
10,335
. T51
6,395
1.019
8.693
710
11,88U
1*,530
l*.997
14,811
10,91*7
11.391*
U,809
U,l»76
U,U7li
11,077
5.035
68. SOU
i.tioi*
81*2
875
58.136
33,920
3i*.573
33.329
29,1*63
20.601*
27.021*
22.681*
17.1*11
9.726
9,998
28.979
16,828
7.781*
8,706
8,803
15.630
9.85I*
7,707
10,231
9.585
9,888
9.750
ll*,678
5.1*77
1*.
9.005
9.370
9.61*2
U,l»92
U.S51
i*.095
i*,7l*9
7.338
7.720
7.088
It,
I4.0I40
3,1*1*6
1*.15>*
2,1*65
316
1,332
i*.097
1.782
1.1*70
1.307
3.782
3.662
1.335
6,5141*
6.117
9,978
I4.I491
l6,l*a9
27,81*0
18,635
3l>.151
1*1*.
13.979
26.731
28,392
l*,71l*
16.795
21.993
9.550
25.860
12,878
lU.SlO
13.358
15.61s
5.012
11.123
15.350
7.003
1.993
9.897
7,721
7.5014
5.763
1.653
503,933
151. "33
17.238
5.921
270.0146
11,1*1*1;
7.521*
3.555
2.507
S.Uoo.Sg?
125.1*11*
100,71*9
33.^92
320,l't6
791.952
11.527
2U.659
g.6l2
20.169
1*7.030
5.1I23
11.586
101,020
510.735
519.60s
3.21*1
17.092
18.039
2,639
15.085
17.122
1.658
8.388
norlda
Oeorgla
527.117
19.265
5.852
19.057
3.1*53
3.012;^
106,l*0S
1,111,666
923.787
California
Colorado
Connecticut
Delaware
Diet, of Coluobla.
Idaho
Illinois
7.851*
865
38.632
2g,ll89
!io.277
23.1*87
22,1*38
18.211
8.561
57it.'t33
13,815
8.1*63
Kentucky
Louisiana
Maine
1*9,210
17.272
13,1*1*3
1180,903
190, 785
19.1*52
9,800
5.103
5.709
6.536
2.390
Mai7land
HasBacbueetts
Michigan
561.918
lit.553
2,272,882
18,138
lis. 310
71.03U
51.053
3"*.
873.069
35.553
293.'t96
10.1*1*7
•
1,032.102
39.278
10,201
2.768
13.771
7.1*05
•
19.S31
7.388
29.321
7.927
3.19't
ao.i*«i*
• • * •
198.170
1*3,851
51.659
12.803
1.510
1.922
5.569
753
1.613
U.IOU
511
Indiana
Iowa
Kansas
1.1*25.751
Minnesota
KlBsissippl
Mieeouri
Hontana
Betoaaka
Vevada
Hew Eanpehire
Bev Jersey
Hev Mexico
6.756
2,080
37.7>*5
8.886
18.882
721
1.135
13,9'*3
14S.303
161.305
19.357
9.810
150, 7W*
68,U97
7.126
5.080
I.57I1
51.310
5.571
1,1U9
Ohio
Oklahoma
Oregon
2.5lt6,935
1*82.156
70.23?
39.27"*
29.028
20,363
23.286
15,l*2U
15.658
6.335
6.507
l*.6ll
1*.82U
Fennsyl Tenia
•
Rhode Islend......
South Carolina. ..
3.167.325
102.1*56
85. 1)*
1*7.665
239.1127
8.172
9.602
6,961
g,229
2.703
3.959
35.959
1.798
8.100
20.513
62,8a8
5.011
15,861
1.629
8.925
1*8,290
22.1*75
9.050
5. 186
2.1*39
2,31*2
2.122
2.1*ltU
2.015
25.060
911*
531*
9.973
5gU
6.998
9.537
U.3H5
8,276
9.656
6,l6U
12.915
1,000
U,
Vashlngton
Weet Tlrglnla
Vleconsln
26, olio
863, 157
29.333
10.951
36.765
2.976
31*8,1*36
921,1*36
••«
81*,
Ifyonlng ...........
Alaska
855
28,129
557
8,605
35.018
1.765
2,1*29
781*
Onallocated
»lU,o6o
2,098
1*1*
3
550
5.1«U
7
5
5,101
lt.338
1.729
1,509
1,51*6
1,1*91*
51.775
39,909
10,630
5,626
22,562
23,1*31*
a, 1*23
l*,251
1*2,112,629
Total
Sourcel
p
639
3.387
3.r7ii
3.117
21.706
".096
3.136
30.311*
29,703
27.1*1*6
1.901
2.378
1.1*97
2,511*
1,793
2,098
I*.
15,051*
11,U56
13,201
38,2142
58.31*1
69.156
2.262
3.601
3,826
5.895
U.STl*
5.21*9
I.UOI
5.697
1.331
1,826
2.222
2,l6U
2.1*61*
9.1*53
l*.6o6
35.01*3
3U.ll^
13.332
11,306
13.391*
l|,0l*2
16,662
7.361
8,957
33,377
5.566
11,158
18,071*
12.709
3.898
12.379
5.098
1.397
16,980
5.812
1,603
17,871
3.01*1*
1,709
566
6,283
I.U36
606
6.717
17.660
7,09s
20,263
2,228
16,790
8,063
22.678
2.158
61|2
505
992
2.570
1.285
3.01*5
5.071*
1*1*2
U.I459
9.770
1.025
8,620
766
Uli«
302
U72
5.000
lt,9li0
65^
5
1*25
7,000
7U3
15
5
27
91*
6,181
2.71*6
1.101
1U,656
12,
12.350
7.1*9!
15,1*26
1,350
3.651
28,681
l.gUl
2,331
6.657
3.563
8.159
78U
1*22
lUl
500
299
710
238
l,82l*
653
20
8U
1.863
536
7,303
6.36I*
6,222
3.81*3
i*.153
g.531
8,621*
5.727
3.075
7.636
781*
723
691*
5.850
178
258
IW*
257
212
m
1.363
1.383
305
117
116
21*6
3
6^3
1.281*
1*1*5
123
3
6
-133.013
-21,1*21
-18.235
80.377
+8,1*914
-1*9.779
-57,028
-2Z7
-17.19'*
ll*,l*liU
«l'.l*59
1.1167.673 1.051. 778
571.286
1)20,058
509.706
865,022
908,232
61*0,861
366.977
371.2711
387.810
31*14,803
-15.681
I^ly Treasury Statsmant and r^orte of federal Beserre
Preliminary.
701
ll,gl4l*
13
1
liSU
1*6,233
5.1*76
1*3.972
U,7gl*
3.937
51*9
2.133
8,671
890
1*5.1*39
2.61*1
123.629
Adjustaent to
r^ly Treasury
Statement
2i*.705
1.1*1*8
25.56I*
2l*6, 71*9
Canal Zone
Hawaii
Puerto Blco.......
Virgin Islands....
Other possessions.
26.083
10,625
887
1*6,972
85,71*8
731.113
332
76.1*89
9.OI16
1.560
51*2. 951*
TirglaU
6,1*63
132.671
15.838
I*. 702
5, 2144
••
188.1*53
69, 725
1*0,
1.051*
12.635
9U3
5,128,1(22
556, 116
•
963
11.771
836
1.866
22.087
1.662
Kew Tork
Borth Carolina....
Sortb Dakota
Utah
Texvont
969
12.377
789
2,1*75
31.167
2,273
l.liSS
181*.o66
519.1*81
1,577
5.557
395
1.320
lU.676
1,052
1.533
23.127
2.905
1.685.271
1.733
6.973
3K5
1.093
16.885
1.095
3.706
South Dakota
Tennessee
Texas
1.728
61*9
1*1,1*1*2
12.957
7.125
2.090
9.855
1.716
U,Ul5
383
3.588
U.267
11,1*78
2.351
3.26s
8.1U3
796
3.836
737
10.271*
3,800
13.327
1,098
1*,820
868
2.1|01
16,789
2.573
9.95"
835
7,991*
11,505
IO.U7I1
214.525
7,235
2.150
10.050
1*9.078
277.228
3.1*87
12,578
122.1»70
198,812
696
5.797
8,911
22,623
7.196
1,551.697
98,020
15.621*
8,572
Banks,
^3
August 1946
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 6.- Sales of Series F and G Savings Bonds Ckwibined, Classified by
States
1/
(In thouiBDdi of dollar!
Totml
iQcoptlon
through
Juno 30,
19U6
123. U6l
19>t6
19^5
Ipr.
Sept.
Aug.
Juljr
P
302
boi
2.800
802
I.62U
2.210
1.101
7.317
637
2,152
8.089
21.377
27
l*,5l*8
20,391
2.333
1.698
lt.2l<6
U.35l(
2.200
7.059
1*01*
6O8
7K6
1.319
1.895
523
1,201
1.''33
1.527
2.582
1.361
3.31''
1.778
2.253
3.216
2,222
2.331
3.511
933
135
1.16U
239
2.1*50
2.371
779
15.710
1.628
206
12.705
9.1(09
25.38l(
557
18.810
6.365
5.126
1.897
2.926
2,239
3.191
9.168
3.'»33
1.6it5
2,320
1.756
11. 780
2.161
2.219
3.303
2.880
1,61(6
1.358
1.71i(
1.133
672
l,0ll2
1.139
539
1*1(2
3.802
3,186
1.859
6.262
3.272
18. 313
ll(,l63
12.61*6
2.522
6,698
5.169
1.516
U.566
3.360
2.U23
656
3.9OU
1,681
386
3,121
1.958
U97
313
1.596
8U
1*1*1
1.
1.200
296
612
260
1*81
1(21
22.126
1.539
U.976
U,357
l.USS
2.617
3.377
3,9U8
1.256
1.712
2.996
157.8I11
1(,012
2.729
36.069
1.232.857
997
32.736
1(10
Indiana
Iowa
lansas
361. "»73
11,518
367.063
178.079
9.31*2
lentueky
Louisiana
Haln*
195, 868
5.673
Maryland
Massachusetts
Michigan
2l»0,
3bl
806,368
U72.282
Minnesota
Mississippi
Missouri
31 7. 608
85, 186
7.750
1,665
i*.972
OlU
10,71(2
8U1
5.'*3
52,008
2.673
1.6U7
2.282
2.105
37.565
75.300
1.050.1159
29.362
131.370
329.236
3.387
6.993
Delaware
Dlst. of Colujnbia.
Florida
63,668
139.297
17U,9U6
1,1(92
Georgia
Habaffla
JU-lzona
Arkansas
California
Colorado
Connecticut
Idaho
Illinois
6,338
166,271
99.211
1*32,
597
8I3
9.369
878
Montana
Nebraska
levada
158, U6I
1.590
5.759
2.27l(
16.359
itlU
270
Hew Baispshire
Bew Jersey
Hew Mexico
68,069
516.825
31.915
I.7I1I*
12.1*62
1.157
7.030
287
"77
3. '•65
796
8,251*
6.363
Ohio
Oklahoaa.
Oregon
PennsylTania.
Bhods Island
South Carolina....
South Dakota
Tennessee
Texas
Utah..
Vermont
Alaska
Canal Zone
Bawal 1
Puerto Bico
Virgin Islands.
Other Possessions.
8,213
7.859
3.623
5.37s
2.605
2.959
2,81(5
5.01l(
2.158
2,301
1.981
1.51(1
. .
Unallocated
Adjustment to
Daily Treasury
Statement
5.281
2.791
1.527
1.716
1.370
20.107
5.173
11.125
20. 792
6.1(61
5.97'(
5.57'*
I.O83
7.301
10. 305
5.711
1.650
7.080
501
1.109
82
Ul(
7.158
3.061
U.680
17.912
5.988
3.11(1
12,288
1.800
5.067
900
937
3.591*
580
2.900
l.OU
l(,021
37l(
212
261*
76
6,612
1,31*2
9.615
3.'«)9
17.079
6.733
5.371
1.100
6.S05
6.1(81
5,1(00
1.158
7.711
5,200
1,360
7.I69
6,795
1,226
10,752
l*.U2l*
3.W2
3.11(0
202
316
192
2,717
268
1.570
7.562
285
1.231
7.955
300
1.305
6,928
202
706
623
329
1(09
1.376
ssu
2.855
3.166
10,1*19
7.62l(
1,298
9.665
I.6U3
i*.392
188
117
992
657
199
201
lll*,262
3't.370
56U
2.830
850
'•5.537
'•5.362
1,81*0
50,872
2,816
1,108
1*1*.
3.068
1,288
3. '•13
3.
1.231
958
50,062
1,131
853
16.98U
3.212
15.50l(
3. '•30
2.781
1.307.785
125.097
87,1*50
31.252
2.113
1.822
16.352
2.503
1.000
895, 1180
3.693
2.0l8
1.569
12,1(20
9.98U
951
939
10,381
552
701
707
1,31*7
1.66U
8.769
960
566
7.332
0*1
1*15
2. 708
2U.029
1.927
1.9511
1.1*08
71(7
1(86
31*1*
321
2,18l(
l*.25l(
2,201*
1.963
12.81*9
5.765
3. '(06
979
2.616
1.175
2.926
3.852
10.921
951*
925
171
268
1*.728
2.1*05
3.61*8
6,1*09
it.l*73
1,61(9
1.911
13.616
1.386
683
3.872
253
1(6,
91*3
191
759
9.116
560
383
13.890
I5.39'i
2.703
2,658
2.699
l.63l(
1,891*
1.783
1.717
1.767
17.772
1.699
1.700
15.581
1.727
I.II3
20,095
3.0I2
1,668
20,108
1.573
1.328
20,866
2.172
1,219
I9.l(5i(
25.58't
27. '•59
2.1(1(0
2.057
992
1,1*61*
2.322
1.786
35.803
2.118
1.737
27.321
2.727
1,722
1.331
3.105
8,028
1,0U9
3,510
7.113
916
2,301
6,U25
971
2.711
5.615
1.263
2,661
5.306
1,511
3.025
510
21*,
Kk
1.692
5.131
7.151
586
807
5.031
5OU
U93
780
990
338
51*0
311
563
601
508
786
11,360
1*,032
2.533
2,199
3.175
2,828
517
157
3.120
3. 916
1.532
9.203
3.503
1.260
5.962
3.581
2.60l(
79'^
1*26
3'i7
1.332
7.656
316
2.820
1,368
7.003
516
2.865
1.552
8.535
385
232
2U9
1.211
262
189
2.330
1.291
705
1.1*67
5,1(02
U,U1(6
891
2.638
220
1.750
10.717
1,71*1
6
188
2.957
166
7.1(10
781
10
15
22
26
99
3^6
13"
20
30I*
1*30
90
50
517
500
8,610
631
8,125
173
37
51
2U
13
6
2
8
11
122
1,016
700
1,71(8
505
122
11(0
126
23
38
76
555
26
79
35
6
9
20
20
11,632
Sales to comnarcial hanks 1/..,
3.705
2,083
3.879
6.873
607
2
3.331
2.635
1,206
10.835
7.11*2
812
903
6.030
l(,l(90
110
752
7,086
8,937
3.876
ll(.980
16. 591
1.631*
51*8
1.81(3
22,613
l,58l(
21.739
2.999
3l*U
U,286
19.876
9.193
5.73'i
l(.105
5.
6,690
3.172
l,2Ug
13.1168
6.839
7.135
3.673
6.728
7.608
3.652
3. '•39
110
818
5.711
7.031
2.529
1,276
265
19.851
3. ''87
31*8
2.559
629
2U.266
2.573
586
31,068
2,1*26
263
382
«53
18. 789
2,1*1*2
"51
91
1.970
859
20.078
1,225
2,871
i.i*ll*
666
2.'(35
705
1.607
16.71*3
5.256
6.135
51.558
2,710
308
1,11*8
1*62
5.851
1.180
2.596
3.211
16,722
2,221
10,882
1.137
223.173
80.937
399.079
26.17s
1.906
3.762
16.509
2.198
1*83
Washington
Vest Virginia
Visconsln
Vyomlng
1.006
2.208
3.900
931
3.158
16.232
1.683
6,911
23,827
3*1*
15.080
2.961
3.825
9U5
32.896
2.019
1.322
825
5. '•50
15.501
1.975
1.192
Itll
1.73«
33.589
36.759
217.520
2,191
I7I
1.355
1.956
1(09
1.098
53. ""S
Virginia
18,3'(7
1.835
117
860
1.633
2.695.O9U
185. U87
60.833
l*.l*5l
1.893
760
1(8,805
161. 2U9
1*50,081
. .
2,075
633
1,822
1*1*1
899
885.955
113.737
132.182
Hew lork
Horth Carolina.
Horth Dakota
Juno
Mar
25
38
327.591
16
22.585
19
52
"•5
90. 703
Souroe:
p
•
1/
-1*0,073
-2.866
»9.017
-13,382
*l.l*6«
1.71*2
-3.265
-U,g03
8.711
8,862
-lU,320
I*. 51(1
-19.329
-10. 079
16.333.65^
710,381
262,697
128,1*55
9>(.055
llU.761(
3I8.599
3U5,2B9
318,698
255. '«7
255.097
279.952
219,510
250.157
lul^ Treasury Statement and reports from Tederal Saserre
Banks.
Prellmlnarr.
Less than »500.
bonds to oomeroial
Stats figures exclude sales of Sarles J and
banks
Commercial banks vers permitted to porchase Sarlos T and
.
bonds nndar ee^ain conditions during the calendar year l^i^
(Treasnry Sulietln" for neoembor 19II. page 36, footnote 9);
from June 18 throtLgb June 30. 19U5 ("Treasury Bulletin* for
hbruary I9I6, page 37. footnote 9): and from DBcsmber 3 throu^
Bmeambar g, 19I5 ("TreasTirj Bulletin" for Tebruary 19l€. page A-22.)
Treasury Bulletin
44
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(In thousa&ds of dollars at current redemption Talnet)
Jnna 19U6
Alabama
Arizona
Arkaasaa
m,659
California
Colorado
Connectieat
«99.3'*3
June
July
*n«.
S.568
2.195
7.975
2,168
2.1*56
2,71*2
'*.3'*5
l*.20l*
36,169
2.990
6,258
1*9, 1*1*1
1*6.1*60
77.695
152.329
671
2.783
6,183
3.327
8.563
'*,230
8,922
836
U.oso
5.698
1.078
1,106
5.051
7.578
69,921
31*,
78l»
105.231*
"•.331
150.231
5.
Oeorfla.
Idaho
IlllBOlS
130,897
27,517
697.770
'*,807
Indiana
Iowa
Kansaa
295.737
162.66U
108,920
I«ntuol7
Lonelana
Maine
116.367
115.367
36.939
Maryland
MnaBanbaaetta
Mlohlcan
122,097
270.705
620,332
Mlnneiota
Klialaslppl
Mlaiosrl
182,961
59.391
258.071
10,77"*
32.906
79.5!*
13.265
23,085
320.237
25 61s
Mantaaa
lebraaka
Nevada
ev
Hanpehlre
lew Jersey
lev Mexico
Vev Tork
lorth Oarollna
lortll Dakota
913.253
125.153
23.839
Ohio
Oklahoma
Oregon
FennajrlTanla
518
1.603
1*,891
7,762
OT.
Oct.
7.96I*
5.1*23
21.316
'*,876
'*,300
50,602
58.213
9,536
3,987
8.282
1*,128
8.I16I
8.578
55.872
5.532
9.625
52.193
1»,85'*
52,179
U.880
8,212
911*60
1*8,865
lt.596
8,6ol*
1,302
5,953
8,820
1.130
1.110
6.118
8.733
1.286
6.301
10,252
1,U1
8,550
1.372
7.377
7.675
1.329
5.368
10,206
1.222
5.6U7
8,556
7,012
1.309
35.175
7.153
1,580
36,800
8.977
1,776
1*1,292
7.676
1,871
38.926
8.525
2.083
38,658
6,628
2,021
39,897
U.USO
1,867
38.296
710
8,032
5.377
l'*,76l
16, 183
7,858
5.1*32
10,119
7.252
13.U28
9.525
6,619
6.376
6,508
2,189
6,721
7,051
1.993
6,626
l'*,705
7,12'*
ll*,822
000
32.316
12,120
U.102
17.790
5,71*1
5.31*6
1,1*81
Ml
1*0,851*
36.07U
39.566
12,712
6,038
13.327
5,926
18,811
8,992
16,530
U,18l*
l|,2l*8
'*.597
7.038
16,6?7
9.213
5.863
l».ltl*6
U,887
U,9Uo
1.530
7.207
6,350
6,967
6.637
2,001
7.557
6.781
6,399
6,557
1.91*8
2.25>*
2,01*1
6,781
13,959
38.163
7.685
16,305
33.979
6.673
13.796
29,566
9.338
10,370
3.815
9.262
9.279
ll*,69l*
13.95"*
3,2J2
13,766
i2:'^
016
1.728
U.325
738
1.581*
i*.o6i
1»,062
2.'*39
'*,628
'*.587
720
766
888
1.1*77
1,266
17.971
1.369
1,375
19.332
1.368
1,2'*7
19.016
1,769
68,227
7,213
1,230
'*8,379
5l*,80l*
61.1*25
6,985
7,061
1.153
8,217
1,718
37.282
7,168
7,717
31.661*
31.851
6,252
7,200
31*.
6,666
7.007
39.991
2.731
3.9*9
1,338
6.967
'•,707
1,509
'.958
5.1'*5
6,678
11. SOU
11.320
30,600
13,1*11*
37.21*2
7.357
2.239
11,181
9.320
3.013
13.575
1.178
2.897
522
1,197
2.977
1.681*
i*,it30
1.569
U.021
51*2
782
61*5
927
13.973
898
905
13.057
9U6
l6!ltl*U
1.267
17.115
1.U33
28.377
7,1*11
2,028
1.329
18. 679
1.633
35.889
5.967
1.038
6,1*00
'•9.531
6.1*56
936
1,196
1,156
26.357
27.951
37,1*39
Ji*.i*3l*
6,360
5.305
6,189
8.1*1*7
8.195
7,588
29.997
2,260
2,516
38,800
2.957
3.709
38.199
2,869
1*5,691
3.'*66
'•,115
961
1,178
622
1.J29
9.397
27.585
2,381
613
9.551
2,610
755
10.185
11.052
'•.57U
Bhode Island
South Carolina
50,362
62,817
South Dakota
Tennessee
Texas
25,3l«3
881*
132.523
U28,828
5.3'rt
5.27'*
1.2UT
7.77^
15.289
16,210
19.1*58
ntah
Vermont
Tlrglnla
iat,639
1.507
10,871
l6U,7U3
1.571
U7U
6,831
9,W7
11,650
3,268
I'*.
31*.
l't.792
ll*,200
10,785
8.257
9.271
6,885
7.028
6,719
2.1U6
6.1*99
6.209
1.673
lUiuUj
30,106
7.378
15.926
32.63U
7.369
15.366
31.513
7,237
12.21(1*
U.812
'*,135
l'*.835
it.USi
17.256
3.505
15.853
15.155
11.811
6.1*27
6.31'*
6.231
2.259
5.335
5.963
2.160
6.578
ll*.557
27.307
11.370
3.312
13.127
2.8l»7
777
772
76I*
1.113
17,162
1.338
19.231
1,61*1*
1.871*
1.U33
18.787
1.572
1.U28
16.85U
1.525
52,211
7,053
927
53.901
9.639
1.807
5'*.7U7
51.692
6.738
1,781
031
9.650
8.691
32,11*1*
36.258
7.721*
8.1*86
30.276
7.152
7.530
8,329
33.928
7.036
8.163
37,828
2,836
3,773
1*1,050
35.886
2,181*
3.180
1»,123
385
2.600
3.272
1*1.175
2.622
.3.955
51,015
2.776
1.302
7.625
23.573
1.773
7,679
1.207
7,262
1.81(1*
1.697
28,1*80
26,1*66
1.901
8.021
29.998
7.309
2U.512
6.1*95
22.9110
2,651
622
2,761*
623
9,085
9.170
10.1*21
3.176
726
8,168
8.10U
10.1*52
i*,667
12.01*3
5.'*70
10,1*52
i»,o6o
10,855
1,153
10,050
963
12,211
6.277
10.591
1,298
299
220
325
3.719
593
2,6l*2
1.181*
26.091*
2,1)83
5,11*0
625
10,225
886
11,612
5.989
10,796
9U7
10,063
'*.999
79I*
10,315
832
273
259
318
266
268
3,255
3.873
896
12
3.506
593
3,161*
3,500
7.951
3.997
1.916
6,102
838
1.738
10,750
777
8.11*5
l-M
2,299
8,01*0
21*,
6,316
2.667
3.299
1*9,251*
2,^
l!w)
7,861*
215!
!596
May
l*,l*25
7.35'*
1,1*01*
29
Apr.
51,387
l»0,87l»
196,228
90,J18
8.532
2.1*93
U.22'*
739.12't
West Tlrglnla
Vlsoonsln
7,892
2,826
6.991
2,308
3,730
622.622
12U.626
138.775
Vaahln^on
Jan.
Mar.
7.927
3,008
6,305
8,209
7.898
Dec.
teh.
5.189
978
30,200
30.023
2.156
2.U39
l*,910
1.990
536
7.823
3.117
719
11.31*5
'*.925
7.205
1.807
1*1*.
11.581*
5.611*
2.362
U.911
7.1(29
2.'*9'*
2.929
2.787
757
10.955
5.75s
10.729
1.098
l6,7U8
i».99S
253
255
1,161
237
9
1.97^
jot
15
^l
-25.367
-7.008
3.779
-ll*,020
-21.183
5.61*6
-7.235
-5.573
1.293
-6S
-7.951*
26,951*
-10.369
9.1*93.201
Alaska
Oeoal Zone
HaKBll
Puerto Sloo
Tlrgln Islands
Other posaeaalons.
7.699
591
3T2.'*78
397.683
501.022
500.655
582.809
1*96.962
5l'*.933
583.31*5
520,765
580,8 52
576,531
'*97.79U
188,51*7
bromine
12.281*
35t
9,32'*
•
1,61(0
U7.96U
1*56
21
732
25
37
21
1.367
65
11,125
1,11*6
305
332
2.730
786
10
^76
2.068
972
19
.
Unallocated
Adjustment to Dally
Treasury Statement
Source:
Bote:
Sept.
5.017
1.581
2.555
Delarare
district of OoliaMi
n.orlda
Total
19U6
191*5
Total
Oct. I9UU-
State
129
Dally Treasury Statement and reports from federal BeeerTe Banks.
It should lie noted that State figures presented In this table are
not necessarily comparable vlth sales data by States Inaennich as
bonds which hare been ^nrchased la one State may have been redeemed
In another. HoreOTer. the figures shown in this table are based on
ciirrent redemption values, whereas the sales figures are shown
*
at issue price.
Data on redemptions by States are not available
prior to October 19'*'*.
leae than $500.
Aaqust 1946
'^5
SaleB and Redemptions of Treasury Savings Notes
Treasury savlnga
ries,
19I43,
12,
series A
notes
from August
were
laeued
19'*1
1,
three
In
through
se-
June 22,
from August 1, igl+l through September
and series C whloh have been on continuous
since September ik, 194-2. All of series A and B
series B
19'*-2,
sale
and some of series C notes have matured.
notes
Series C
value
and B notes, see "Annual Report of the Secretary of the
Treasury" for 19lt-2, pages 207 and 220.
each
maturity
(3
are
sold
at
and
par,
accrue
month, yielding 1.07^ per annum
years
from date
of
Issue)
.
In
if held to
These
notes
may be used In payment of taxes any time after 2 months
after Issue, or may be redeemed for cash any time after
For details concerning features,
6 months after Issue.
InveEtment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October 19't-5i pages A-"*- and
For details concerning the features of series A
A-5.
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes turned In for redemption (either for cash or for
tax payment) are Included In the figures on redemp-
Matured notes outstanding are reflected In the
Interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
tions.
upon whloh Interest has ceased.
In accordance with the
practice of the Dally Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see
"Treasury Bulletin" for February 1946,
pages '*-2 and h'}.
Table 1.- Sunmary of Sales and Redemptions, by Series, as of June 30, 1946
(In millions of dollars)
Treasury sarlngs notes
Treasury Bulletin
h6
Sales and Redenptlcns of Treasury Savings Notes
-
(Continued)
Table 3.- Sales of Series C, Classified by Derwmlnatlons
(In
llllonB of dollara)
^7
August 1946
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(In tbouBaade of dollare)
Recal year
or month
Amount
out standing
end of
flecal year
or month
19U3
213.350
19UU
196,^8
19^
177. 598
igufi
95.976
I9U5- Jiane
177.598
Percentage distribution
of redenptione
Seden^tlonB
Het chan£A
during
flBcai year
or month
Exchan^d for
United States
saTlngs
honds 2/
Cash
61 .052
6e.i
31.9
857
100.0
82.5
17.5
8.U38
100.0
100.0
100.0
T7-8
70.3
22.2
29-7
66.6
33.11
100.0
100.0
100.0
67.3
73-3
70.2
32.
100.0
100.0
100.0
67.2
32.8
36.5
62.6
37.it
100.0
100.0
100,0
58.6
58.6
58.2
Ul.lt
U7I1.168
70.1180 5/
U25.762
287.331
352.632
231.593
73.130
55.738
109.852
191.47't
130,1122
27.767
22,910
l6.l(06
It.
September
1IA.679
-21,685
-6,268
-U.966
13.1105
29.653
16,8U1
8.922
OctoberHoTenberDecember
lUl.372
139.356
133.229
-3.307
-2.016
-6.ia8
10.587
11.396
5.259
13.893
9.3I19
U.5ltli
13.1112
9.830
7.990
3-582
3.397
120. 20U
-13.02U
-3.350
16.713
10.623
112.335
-Ii.519
3.6«9
7.273
9.8^7
II1.367
11.229
6.751
8.999
5.1181.
116.^5
9.309
6.362
3.598
17.1I18
10,051
7.097
11.607
6,80ll
ii.eo3
6.87>i
i.ooit
2,870
July
155.91'»
Atlgost-
1119, 61*5
.
19U6- JaAuaxy
Febniary.
March
.
.
-
-
ij>Til
May
Juna
Source:
Mote:
1/
2/
10U,U97
99.252
95.976
38.091
23.955
17.686
8.U38
-7.8J8
-5.2't5
-3.275
11.387
Bally Treasury Statenent.
See "Treaeury Bulletin". July I9U6 for back figures.
StaopB Bold prior to October 1, 19^2 were knovn as postal savings
stamps and were obligations of the Postal Savings System but subsequently became public debt obligations.
Estimated on the basis of samples made by the Post Office Department.
5/
2/
87.
5ltU.6U7
1)08.930
268. Ull
-8. 699
Cash
100.0
100.0
100.0
100.0
590.268 U/
19.069
+U5.620 J/U/
-16,832
-18.920
-81.622
Exchanged for
United States
saving
honde 2/
Total
2/
7.III1
U.I183
3.873
5.367
12.9 5/
17.2
82.8
80.6
19.
26.7
29-8
Ul.U
U1.8
See footnote 1.
Net of sales less redemptions.
Does not Include amounts transferred from Postal Savings System to
the Treasury to cover outstanding staaps.
Includes minor amounts which were exchanged for postal savings certificates. These aggregated $^3 thousand for the period July 1,
191+2 through October 3I, 19U2.
Table 2.- Sales* Classified by Denominations
Percentage dletribution of sales
Sales In thousands of dollars
necal year
or month
Denomination
Total
all
denomi oat ions
10^
19113.
19115.
590.268
19115.
268, Ull
19116.
25|f
50^
313.691
209,121
135.277
109.852
126,327
102, 53U
68.727
22.680
56. 115
52.5O8
32.611
20,9U2
9.619
19.069
3.891
9.832
1.665
1108.930
19145-June.
denominations
10^
25)!
71.693
U6,972
32.583
15.755
26.OU8
17.691
10,882
5.683
100.0
100.0
100.0
100.0
21.
53-1
51.1
2.720
961
51.6
2U.2
26.2
22.9
8,1*38
825
1,121
U32
10.587
11.396
5.259
2.565
2,986
1.20U
5.U22
5.696
2.6U3
827
865
398
1.303
1.350
692
U70
U99
322
100.0
100.0
100.0
9U6
1.859
2.50a
1.839
3.507
U,86g
271
559
806
U7g
l.0o€
i,a8
i
April
May...
June..
9.309
6.362
3.598
2,128
l,36U
552
U,6l2
3.157
1.828
810
617
357
1,316
86U
602
UU3
360
259
3.689
7.273
Dally Treasury Statement; (2) Distribution by
denominations; Based upon Poet Office Department date.
(1) Total sales:
20.
15-U
lU.O
18.6
2,659
2,99U
1.272
9.8117
Source:
100,0
1.591
1.768
751
Tebruaiy.
March....
19lt6-.JaiiaaTy.
51.1
8.9
8.0
7.8
8.8
8,809
9.32U
U.UlO
October..
157
50^
25.1
25.6
20.6
2.521
2 U79
1.573
16,U06
17.686
Ifoveober.
Deceraber,
»5.oo
$1.00
100.0
100.0
100.0
July
Augoet. . .
September.
Denomination
Total
all
100.0
100.0
100.0
100.0
lOO.O
100.0
25.6
25.6
25. 't
22.9
21.
15.3
$1.00
12.2
11 5
12.1
$5.00
U.U
"1.3
15.3
U.l
5.2
8.7
1U.3
5.0
53-7
52-7
52-3
9.7
10.0
8.9
16.2
5.0
6.U
5-1
51.2
50.0
90.2
7.8
7.6
7.6
12.3
11.8
13.2
u.n
50.
16.9
15.1
u.<t
6.1
U9.8
U8.2
U9.U
7.3
7.7
8.3
13.0
13.8
12.U
t.3
U9.5
U9.6
50.8
8.7
9.7
9.9
lU.l
13.6
U.8
5.7
16.8
7.2
k&
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
ks
August 1946
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In millions of dollars)
Securities issued by United States GoTemment
Securities goaranteed
Distribution by classes of holders
n.
Znd of fiscal
year or month
Total
amount
outstanding
S. OoTenunent
agencies and
trust funds
19I1O
35,800
36.576
39.Sg6
U2.376
igltl
US, 387
19US
1937
1938
3.251
1.1(66
5.605
6.803
8.225
Special
issues
1,558
2.676
3.770
1.693
1.791
1.835
2.028
J.775
6,120
2,10l»
Public
marketable
issues
30,023
58,988
llU.lUl
165.725
309.630
3
7
7,8^
2,61(0
10,871
ll»,287
6.105
6.793P
17
30p
18,812
22 332
7.1U9
IU.899
21.792
23,783
2U.93U
6.105
17
18, a2
259.781
S,6S7
260,71(6
26.1U7
26.635
6,077
6.085
6.087
22
29
29
6.139
6,098
7.002
256.357
zSg.iii
18.920
2U.93U
29.155P
l9lt5-JiB«.
256. :S7
July.
Oct..
fcT..
259. '•39
262. gU9
Sw..
275.69U
19>i6-Jan.
)br..
^ril.
Majr...
June.
26.7115
26.837
27.031
2,U52
Total
public
2,526
2,56U
2.551
2.U58
2,190
10
IO.3I10
llt.091
199.5lt3
259.630
amotuit
out-
71.968
135.38O
S«pt.
Total
2/
Btandlii£
191*
19U5
1916
igits
Private
investore
unnaturdd
Total
Public
Public
public and narlcetnonspecial
able
marlce table
issoes
issues
Iseuea
1939
Federal
Reserve
Banks
29.5115
31.730
33.115
37.982
Public
marketable
issues
Public
nonmarketable
issues
28,835
27.989
29.579
29.950
1.188
1,556
2,151
3.166
33.1(28
"».55i(
1(5.1(81
81(,9l(8
13.507
a5,i7^
lao.sas
153. U21
159.030P
S!8l(5
56.209
56.1U3P
a, 792
209,630
153,1121
56.209
19.558
20.033
20.519
21,717
22.530
23.328
212,1107
155,286
57.121
212,069
209,667
1511.719
29
29
29
20.577
20,710
20.000
23.276
23.l»72
2U,262
153. U18
56 1229
209, U18
153.375
56.0113
a2,5i»i
155.51(2
22U.1100
167.515
56,998
56.886
277.'t56
27.691
28.173
7.006
7.023
7,008
30
30
30
20,655
20,897
21.135
23,264
22,90U
22.601
226.501
227.059
223.975
169.363
277.912
27U.7'«
272.711
271.1*0
268,111
28,261
28.520
29.155 P
7.007
7.009
6.793
30
30
21.22l»
22,332
22.732
22.932
23.783
221,718
219.988
215.172 p
165.3110
163,51(6
30p
27.91*9
21,1(81
l69.88l(
167.1155
159.O3OP
57.13?
57 176
56.520
56.1^3 P
Pul)llc
marketable
isera.ee
U.665
"by
United States 1/
Treasury Bulletin
50
Estimated Ownership of Interest -Bearing Securities Issued or Guaranteed
by the United States Government
(Par TaLufli 1/ - In bllllona of dollarfl)
field
Held by aon-bank InTeetors
by bank*
Total
amount
outBtandtag
Cooimerclal
2/
End of
month
banks
if
Federal
Resenre
Banks
IndlTldualt
Insurance
coBpanlee
Mutual
savings
banks
Other
corporations
and
associations
6/
5/
1939-December.
U7.I
igUo-June
December.
50. i»
19UI-JUB
Dacember.
igltZ-june
December.
l9U3-March
June
September.
December.
19Ui*-March
June
September.
December.
19^-March.
May..
June.
July
August ....
September.
October.
November.
December.
19U6-January.
February.
March
April,
May p.
18. >
State and
local
goTemments
0.
s.
Government
agencies and
trust funds
51
August 1946
Treasury Survey of Ownership of Securities Issued by the United States
GovemBent and by Federal Agencies, May 31, 1046
The tables In Section I present summary data as of
Uay 31, igl+S from the Treasury Survey of Ownership of
Securities Issued or Guaranteed by the United States.
The banks and insurance companies covered in the survey
for approximately 95 percent of the amount of
account
Section
I
-
auoh securities owned by all banks and insurance companles in the United States.
Section II presents summary data on the ownership
of Federal land bank bonds, Federal intermediate credit
bank debentures and Federal home loan bank debentures.
Securities Issued or Guaranteed by the United States Government
Table 1.- Sinnary: All Interest-Bearing Securities
(In Billions sf dollars)
Classification
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Govemnent and by Federal Agencies, May 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY
AND BY TAX 8TATU3-( Continued)
-
-
(Continued)
(Continued)
August 1946
53
Treasury Survey of Ownership of Securities Issued by the United States
(jovernment and by F^eral Agencies, May 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
(Par Taloet - in Billions of dollars)
(Tax status 6/ Is shovn In parentheses)
-
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO
-
(Continued)
(Continued)
Treasury Bulletin
5^
Treasury Survey of Otmershlp of Securltlee Issued by the United States
Goveminent and by Federal Agencies, May 31, 1046 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART h
-
-
-
(Continued!
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDING-! Continued)
(Par TalusB - In millions of dollara)
Bold
^
Inrestors eorered In Tre&sarjr Surrey
lasorane* oompanlea
Saaks 1/
Moimt
(Tax status 6/ la shown In parentheses)
•atstandlnc
7.368
eosBerelal
3^
Stock
if
29(
June
at
Septem1)er
^
Cbcenber
19^9-^1
I9U9-5I
19U9-5I
3-l/«)t
2-l/zif
nBcenl)er
19U9-52.
..
December
Mardi
19l>9-53.
•
Septeober
September
December
1950-5?
Juno
September
September
I951-5U. .. (partially)
(taxable)
1951-53
195I-55 ... (partially)
December
December
March
(taxable)
1951-55
1951-53 ... (partially
1952-51*
(taxable)
7$
S9(
2-1/2)5
l-l/2)t
2-3/ltit
25t
jf>
2^
2-l/ltjt
Z-l/gt
(taxalile)
(tamtle)
(taxakle)
1950-52
1950-52.
I950
.
(partially)
(partially)
(taxable)
(taxable)
.(partially)
(taxable)
(taxable)
(taxable)
(taxable)
»
June
Docembor
^Sa-S"*
2-l/U)t
June
1952-55
2)(
June
June
March
1953-55 ..(partially)
195l*-56... (partially)
1955-60... (partially)
March
September
June
1956-58
(taxable)
1956-59. .(partially
1958-63... (partially)
December
September
196O-65.
1967-72
2Sf
2-l/l*jt
2-7/8%
2-l/2)f
2-3/l*it
2-3/l*)l
2-3/l»)t
2-l/2)t
1952-51*
.
.
.(partially)
(taxable)
Total bank eligible
Total Treasoxy bonds
Postal saTlngB and other bonda
Postal saTlngs bonds
Panama Canal bonds
Conversion bonds
(wholly)
(wholly)
(irttolly)
Total postal savings and other bends..'
Quaranteed securities 5/
federal Housing Administration debentures 8/
/(partially)
(taxable)
I
Total guarenteed securities
Total inbllc marketable securities
3.062
571
5I40
312
ttanks
atual
Ufe
BsrlnfS
^aalcB
Treasury bonde-(contlmied)
Bank ellgH>le-(oontlinied)
igk«
( t aiaWo
l-i/kf Juno
(partlalljr)
2-\l9 Septemter 19Ug
2)t
Sacenlwr
IjUg-SO.. .(partially)
111 U. S.
OoTemment
Tote!
Issue
Insurance
companlea
btoiks
6Mk fire,
a^eiicles and
oamalty.
•nd marlxte
Inmrance
trust fonda,
•ad federal
Beserre
eoopenlefl
fiaske
^
Bold
all other
Inreetore
55
August 1946
Treasury Survey of Ownership of Securities Issued by the United States
Govemaent and by Federal Agencies, May 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par TaXuei - In Klllloae of dollars)
B«ld
\(^
InTftetora cOTered la Treasury
Banks 2/
Xasos
(6/)
(taacabla)
Total ITalted Stataa earing bonda.
flntiuLl
Ufa
savla^
banka
baaka
Inanraaoe
ooopanlOB
3.3K
(taxable)
(taxable)
Ooaraateed seonritles 2/
Coamodlty Credit Corporation
tlons
(taxable)
5^
3U
312
6UU fire,
eaaoalty.
and narliia
laanraaoe
ooapanlea
Bald
V
all ether
Inreatora
3.18?
1
218
J
7.127
167
10
2,615
U,2>I0
US
19*
13
'»7,'t68
17
S73
iS
9»
2llO
12,236
6,982
30
30
5».t79
1
118
399
1»29
agenoles and
trost ftmda,
and faderal
Beaarra
Banka
176
30.1*25
IW.917
TrosatUT saving notes
Skpoaltary bonds
Total pabllo non-aartotable seearltlea
took
aaTln^
3/
(taxabla)
(tazabla)
eootterelal
Vaaka
Dalted States sarins bonds 2/
Sariaa B-S
Sarlas I
Sarlas T
Sarlea S
7,368
out standing
ahom la paraathaaaa)
All U. S.
OoTammeat
Total
momt
(tax atatua 1/ la
9rimj
Inaoraaca ooDpaalea
ObllgB^
500
56.973
«/
11
1.390
l«se than $500 thousand,
federal eecorlties fall Into three broad groups vith reapeot to lapOBltlon of federal Income taxes on InoODe derlred therefroa.
"Vholly" tax-exempt securities are exenpt fron both the normal and
"Partially* tax-exempt securities are exempt from
surtax rates.
the normal rates except that In the case of partlallj tax-exempt
Treasnrjr and saTlo^ bonds. Interest derlTed from $5 thousand of
principal amount ovned I7 an? one holder le aleo exempt from the
surtax rates.
"Taxable* eeoorltlee are subject to both normal and
surtax rates.
Sttcorlties held la trust departments are excluded.
Includes trust companies.
y
6/
2ltO
118
26lt
fhla oolnan laolndas eeooritlee held t^ thoee banka and iBaurance
eonpanlea whloh are not coTored In the Traaeiu7 Sorrey. See headnote to thle aeotion.
Ihilted States BaTln^ honde. Series B-D, 1, and J are shown at oorrent redemption Talues. They vera reported at natnrlty ralne by the
banks and Insurance ooapanles oOTered In the Treasury Surray bat have
been adjusted to oorrant redemption values for use In this statement.
Series B-D saTings bends sold prior te March 1, IS"*! are partially
tax-axeopt; thoee sold on and after that date are taxable.
Ooaranteed seourltles held by the Treasury are not included.
C.C.C. demand obligations in the amount of $300 million held by
all oommerclal banka are shovn only In total amount outstanding.
Section II - Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
Treasury Bulletin
56
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
August 1946
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
June 28, 1946
Table I.- Securities Issued or Guaranteed by the United States Government
PART A
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
Anount
outstanding
(milllons)
CCostiimed on followlDe pago'
i/
58
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
June 28, 1946 - (Continued)
Table I.- Securities Issued or Guaranteed by the United States Government l/-(Contlnued)
PAHT B
Amount
outstanding
(Millions)
-
TAXABLE TREASURY BIL1,3
August 1946
59
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
June 28, 1946 - (Continued)
Table II.- Securities Issued by Federal Agencies but not Guaranteed by the United States
Amount
outstaadltt^
(Mllllona)
Treasury Bulletin
60
YIELDS OF TREASURY SECURITIES JUNE
28,
Based on Mean of Closing Bid and Asked Quotations
1946
61
August 1946
Average Yields of Long-Term Treasury and Corporate Bonds
(P«rcant per annm))
Data
Partially Tazabla
tax-exampt Treasury
Treaauiy bond*
ly
boode 1/
Partially Tamble
tax-exempt
Treaanry
Treaauiy bonds
1/
bond!
Elgli.
grsda
corporate
bonds 2/
y
Partially
grade
corporate
bonds 2/
Taxable
ta&>exeiipt
grade
Treasury
TreasTiry
bonds 1/ corporate
bonds 1/
bonds 2/
MentUy s«rles 2/
1938-Jan.
2.12
2.22
2.12
2.57
2.71
2-73
191)U-Jan..
2.07
2.0U
2.01
2.76
2.75
2.TB
S^t.
1.98
2.01
2.02
Oct..
1.98
2.3U
2.3U
SK3..
2!o6
2.1»7
19U2-Jan.
Peb..
Kar..
2.10
2.17
2.)l3
2.76
2.80
2.10
2.I46
2.80
fM
Peb..
Mar..
2.69
2.68
2.6T
3.17
3-15
3.X6
i^r..
Kay..
Jane.
2.66
2.56
2.58
3.15
JUy.
S.5B
2.57
2.63
3.12
3.10
3.12
Joly.
ia%.
2.55
3.06
3.0U
3.02
Sept.
Oct..
Hot.
Dec..
'a
.
2.56
1939-Jan.
19ltl-.Jan.
Peb..
Kar..
^r..
Kay..
Aine.
1.95
1.93
1.91
2.1)9
ipr..
Hay..
Jtoe.
l.9l»
I.9I)
2.1(8
1.91
2.H9
2.66
July.
2!^
1.89
1.90
1.93
2.1(9
tag.
Sept.
2.61
2.57
2.68
Oct..
BoT..
Dec..
1.93
1.90
1.87
2.1)8
1.81
1.75
1.7D
2.1)1)
Peb..
Kar..
Apr..
Hay..
Jane.
1.68
1.68
1.63
2.39
2.39
2.35
Tab..
Kar..
2.51
2.U3
2.96
2.90
2.87
*pr..
Hay..
Jane.
2.38
2.27
2.22
2.92
2.86
2.78
^r.
2.07
2.06
2.0U
2.1A
2.U5
2.1»3
2.75
JWy.
2.76
2.79
3.29
Joly.
lag..
Sept.
2.0lt
2.1(6
2.71*
Sept.
2.23
2.27
2.67
Oct..
Sot..
Dee..
2.60
2.U6
2.35
s.iu
2.93
2.86
Oct..
2.30
2.32
2.26
ipr..
Kay..
June.
2.26
2.51*
2.06
2.08
2.81
2.79
2.77
19U3-Jan.
Peb..
Kar..
2.U
2.U6
2.11
2.12
2.1*6
2.1)8
2.7U
2.87
2.93
i^r..
Kay..
2.W
July,
iug,
Sept.
2.30
2.31
2.85
2.85
2.80
2.71
July.
Oct..
BOT..
2.a
19l«-Jan.
Tab..
Mar..
2.39
Sept.
Oct..
2.09
2.01
Dec.
Ja2ie.
2! 65
2.59
dt..
Dec..
2.ite
2.1)9
1.91
1.92
1.90
1.90
l.$k
1.95
5.
12,
19.
26.
Peb.
2.
9.
16.
21.
2.27
2.1(9
2.1)8
2.1*7
2.1)8
2.1)8
2!%
2.65
2.6s
2.61
2.5«
2.58
2.59
2.57
2.55
2.55
2.6L i/
2.59
2.58
2.56
2.5L
2.1(9
2.54
2.3I)
i!6e
1.68
2.36
2.37
2*56
2.56
1.63
1.56
2.35
2.33
2.33
2.5U
2.U3
2.36
2.35
2.5!)
2. 51*
19l)6-Jan..
Peb..
Her...
2.21
2.12
2.09
2.68
2.65
2.U6
2.U5
Apr...
May...
June.
2.08
2.19
i.a
2.16
2.1(2
2.63
2.1)5
2.^
2.U6
2.57
2.59
2.1)8
2.60
2.61
2.63
2.1)8
2.1)8
2.1)9
Weekly serlee ' Saturday figures
19146-Jan.
Oct..
Hot..
Deo..
2.1)9
2.1)8
2.70
2.68
2.70
2.1)8
2.0J
1.96
1.91
July,
ing.
Sept.
2.72
2.71
2.72
2.U5
2.U7
Dee..
2.09
2.10
2.13
Bi>T..
19l)5-Jan.
2.73
2.73
2.U7
ius.
Peb..
Kar..
^
62
z
o
m
LJ
<
q:
o
Q_
cr.
o
o
>oc
z>
{/)
^
uj i
q: CO
Xi
or
II
z
o
en
o
_i
LjJ
>-
UJ
<
UJ
5
I
Treasury Bulletin
63
August 1946
INTERNAL
REVENUE
STATISTICS
Treasurij Bulletin
6^.
Summary of Internal Revenue Collections
^
(In thoQsanAB of dollars)
Tlecal year
or iDonth
Total
receipt B
from Internal reventie
(Dally
Treasury
Statement)
"•.sgrtito
5.67't.318
1937
1938
1939
5.161,231
5.303.13U
7.361.675
WW
191*1
igUz
igu?
19'w
19U5
12.993.118
22.1't3.969
itl,68U,987
1*3,902.002
i«. 310. 333
191I6
3O8
Total
Income
and
IndlTldual
2/
profits
taxes
5.322.771
2,179.828
2.629,030
2.185, UU
2,129.609
+10,11*1
7.351.531*
3.U71.12I*
-36,797
755
13.029.915
22.368,726
8.006.881*
16. 298. 888
*l.565.'»77
+101.661*
-361.585
1*0,119,510
1*3,800,33*
110,671.919
33,027.802
35.061,526
31.258,138
3.262,800
6,629,932
18,261.005
I9.03U.313
18, 701*, 536
I*,6>tl,lll8
U.025.296
2,21*1,907
5,61*3,81*8
5,162.361*
-221*,
5.38U.393
+71*3. a"!?
2,526,623
As^inst
2.gll8.726
U,gli6.585
-631,609
-165,959
725,01*3
October. .
Bovenber
December.
2.31*0,21*0
-1*98.887
2.383.15-6
3.9U8.U37
-320.902
+656.276
19>46-Jaiiuary..
3.'*51.38l»
-U73.3U8
February.
March
3.683.858
5.582.963
-1*18. 2l*«
April
May
2,310,098
2.307.793
-105.735
-266.165
Jme
1*,080,>*92
578.679
3,15«.f32
oil*. 681*
U.ia,5i*2
2,839,127
2.701*. 058
3,292.161
1.856.01*1
3.189. "O?
3.206.276
6.320,110
1.703.072
1.662.967
2,836.577
2.573.957
3. 501. 813
Total
employnent
taxes
Social Security
taxes
31.178
265. 7U5
71*2,660
1,122,51*1
1*2,786
33.71*0
1.120,582
2.016,297
27,010
37.172
1,185.362
l.U9g.705
1.738.372
207.339
502.918
529.836
605.350
687.328
833.521
925.856
687, 1*62
56.621
9.58U.715
81*.2l*l
lk,bS9,jm
137.1*52
1*,
Unan^loyflunt insurance 6/
Old-aee
insurance
5/
982,017
I.U17.655
2.761.561
2,1*15.833
MiBcellaneons
profits
taxes U/
1,028,831*
2.030.951
3.92U.731
U. 102, 106
5.023.673
559,269
1,286.312
1,916, 33U
3.552.851
3.
Corporation
income and
ezcesB
profits i/
1.056,909
1.299.932
1,091.71*1
11.631*.
Joly
.
Total
Internal
revenue
collections
-37.168
30,1*70
-1.133
-19.637
19>i^Jme
September
&nployment taxes
Tncome and profits taxes
Adjustment
to Dally
Treasury
Statement
7110,1*29
l.779.in
895.336
1.131,566
1,290.025
1.307.931
1.237.825
Eailroad
retirement
1/
58.119
90.267
101,167
106.123
100.658
137.871
U9.617
170.I1O9
156,008
178,71*5
211.151
265.011
286,758
28U,258
186iU89
287
11*9. U76
109.1*27
122,01*8
12,1)62.1*37
163.978
91.165
1,208,613
2.795.700
20,983
020
U.U28
1,129
38.1*61*
1,587,872
1,569.985
1.162,276
6l*6,l*U3
7.592
125.1*71
I*.
2.379.553
11.022
276,151
37.339
117,656
230.282
3.352
5.093
8.791
619
2.722
35.078
33.368
1,388.792
1,666.568
586,112
636.181
383.325
2,lU2,.631
5.978
6,lU9
12,817
102.270
2U3.3U3
39,012
96.706
197,920
U,U55
3.595
9.990
818
1.969
35.633
33.739
2.3l»6,8a
2.839,0U9
2.036.735
856,516
363.553
276.592
6,156
3.672
8,783
92,718
6l,gl*9
299,11*0
183,229
7,012
28,172
98,737
7.930
2.698
17.175
69.633
1,216,51*6
1.1*20,591
1*81,232
239,061*
.737.770
93.532
238,062
3.770
3.268
10.530
1,213
21.277
1,083,189
5.295
3.332
15,618
15.883,235
3'tl.598
751
1.700,828
1*1*,
61*, 565
98,277
269.869
5't.673
1.1*77
1*9,690
Mlecellaneoue latersal roTenus
71 seal year
or month
Total
mlacellaneoTie
Internal
revenue
HannfaoCifiltal
etock
tax
letate and
gift taxes
Alcoholic
boTerage
taxes
Tobacco
taxes
Stamp
taxes
19371938.
1939.
i960.
19U1.
2,188.735
2.272.158
191*2.
3.S37.670
6.571.131
5.353.336
6.959.63U
7.712,953
281,900
328.795
380,702
371.999
352.121
571.832
261
July
790. 85I*
Au^et ....
821*. 199
September.
531.352
October.
NoTamber.
Dao ember.
705.907
606,675
511,588
30.015
201
233
61*2,520
192
2a.l56
596,692
638,998
111
169
60.793
53.690
210,021
89.1*96
86,1*71
a2,322
99.U36
6ii*,ii8U
1.158
-7U2
182
65.599
63. 980
62.867
ai*,055
ai*,i5i
112,601
7.371
8,686
198.1*91*
99.621*
8,a9
2,236,Sa
2.359.61*1
2,95i*.553
19U3.
191*6.
19l*5^une.
19l*6-January.
February.
March
April.
May...
June.
Source;
1/
2/
^
k/
61*1,121
610,563
137. U99
305.568
139.369
127.203
6i6,S7't
166', 653
593.831
567,669
587,605
360.715
360,071
607,058
819,869
1*32,51*0
1,01*8,165
621*. o66
tnrera' and
retailers'
excise
taxes
551.923
567.777
579. 78U
608,073
697,712
69.919
1*1*9.851*
1*6,233
1*1,083
U16.751*
780,792
923.857
1*1,702
38,681
39,057
Klscsllaneone
taxes
Agricultural
adjustment
8/
80,161
117.902
396,891
667,088
617.373
li*3.5lio
852,069
670,015
728,696
1,206,616
l,UlU,7l7
1*00,501
lUa.925
206,831
676,832
2.309,866
2.526,162
1.165. 519
U5.155
50,800
65.528
87,676
61,807
190,852
93.230
6.300
103,697
115.686
10l*,92l*
1*9,321*
120.73?
228.001*
68.601
33.516
198, J35
83.658
208,9)6
6,762
102.321*
131.767
92,888
(1) Total receipts from Internal revenue
(2) Detailed collections by type of tax:
1167,1*96
1,1*23,1*80
511, ao
§1*3,055
l,6l8.0l*5
988,1*83
932.11*5
732.332
1,075.601
1,1*30,1*28
1.1*89.925
198,6a
108,1*72
198,1*97
100,738
5.870
5.679
5.500
391
21*2.799
i*u,62U
229,586
188,126
U9,58l*
97.657
6,7**
7.585
62,01*9
7.W3
122,295
111,785
106,878
95.736
7.952
8.139
8,868
135.369
161,929
113.798
U9.953
lU.2gl
118.553
123.387
130.962
U9.2S0
U0,215
1*1*.
1*5,178
96.I168
93.671
11)0,039
113,1*38
101,680
120, sa
93.306
J
Iblly Treasuzy Statement;
Reports of collectlone oiajda
by collectors of internal revenue.
Xxoludee collections for credit to certain trust accounts for tsiv
rltorles and Insular poesessloos, etc.
Includes collection of taxes withheld by employers pursuant to the
Revenue Act of 19U2 and the Currant Tax Payment Act of 191*3.
Includes income tax collections on Alaskan Railroads.
The excess
profits tax Included In this column is that Imposed under the
Second Revenue Act of 191*0. as amended.
Consists of the declared value excess profits tax. the profit limit-
5/
6/
7/
8/
ing provlslona of the 71nson Act. and the tax on unjust enrichment.
Represents collections under the Federal Insurance Contributions
Act oonnenclng Septam'ber 1939; prior thereto, collections under
Title Till of the Social Security Act.
Represents collsctlons under the Federal tftiecoploynent Tax Act
commencing Saptembar 1939) prior thereto, collections under
Title IX of the Social Security Act.
Represents collections under the Carriers Taxing Act of 1937*
Incluiles tax collections under the Sugar Act of 1937 and under
the dividends tax iiqiossd
the Act of June 16. 1933-
V
65
August 1946
COLLECTIONS OF INTERNAL REVENUE
Fiscal Years.
1931-1946
DOLLARS
DOLLARS^
Billions
Billions
Individual
Income Taxes
12
Alcohol ond Tobacco Taxes
66
Detailed Analysis of Internal Revenue Collections
(In thoasafids of dollars)
Type of
tfix
Treasury Bulletin
August 1946
67
Detailed Analysis of Internal Revenue Collections!/- (Continued)
(In thousands of dcllars)
Tlsoal
j—rt
JVA*
JiUlO
t/po of tax
NltoallonAoxu IntornaL revenua (coatlnuad);
Kanufacturers' and retailari' axclte taxaai
Lubricating oils
Oasollna
Tiras and tubas
Tloor tazaa oa tlras and tubas
lutoBoblla trucks and buses
Other automobiles and motorcjrclas
Parts and accaseorleB for autoaobilas....*.. •••••
.......•••••
llectrlcal enarg/
Xlectrlc, gas, and oil appliances
Ilectrlc ll^t bulbs and tubes
Ilectrlc signs (npaalal as at ll/l/US)
Hadlo sets, phonographs, componsnts, etc
Phonograph records
•
Moslcal Instrunants
Mechanical refrigerators, alr-eondltlousrs, ate..
Hatches
•
floor tajies on fflatches
Business and store aachlBas
••...
Turs - ratallars* excise
•
••
Jewelry - retailers* excise
Luggage . retailers' excise (effectlre U/l/Wt)...
Luggage - aanufactorers' sxclse (suspendad as of
U/l/UU)
Optical equlpaont (repealed as of U/l/te)
Photogrs^lc apparatus
Bubber articles (repealed as of U/1/U2)
•*•
Sporting goods
Toilet preparations - ratallers' excise
Washing machines (repaalsd as of 11/1/U2)
Tlrearms, shells and cartridges
Pistols and reTolTcrs
Hepealed taxes not listed abore
Total manufacturers' and rstallars' excise taxes.
Miscellaneous taxes:
Bltuminoua Coal Xct of 1937
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leased
wires, etc
Local telephone service
Transportation of oil
pi-P* ^i^
Transportation of persona, seats, berths
Transportation of property (effective 12/1/U2),,,
Dse of motor vehicles (effective 2/1/1*2)
Use of boats (effective 2/1/U2)
•..**
Leases of safe-deposit boxes
•
Adolsslooa'te theaters, concerts, etc
Admissions to cabarets, roof gardens, ato
Club dues and initiation fses
•
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated butter,
mixed flour 6/ and filled cheese
Oleomargarine, including special taxes
larcotlca, including marihuana and special taxes.
Coconut and other vegetable oils processed
National Pirsarms Act
,
All other, including repealed taxes not listed
above
V
7'»,6o2
"•05.695
118,072
20.8U7
.«
Total receipts from Internal revenue (Sally Treasury
Statement)
1/
2/
m
"•,020
37.
57.oolt
25.893
68,871
59.112
12, 060
25. '•92
11.035
i7.7n
55
56
13.385
3.902
2.839
9.229
U9IU10
'».753
2.015
927
1.6,
9.3I
10.2't7
10.120
7?.>H8
184.220
73.«5l
6.239
39.037
15.060
s
238
5.923
».372
1.151
531
''.9?2
7.3i»6
5."' 31
U.598
3,006
619
3
.3i
211
103
185
789
1,202
15.792
91.706
2,'^93
223,
3.3'«
l,"t23
81,
13.300
5.U22
6
73
15
18
61
19.288
228
k.eka
86,61^
21,18U
1,)^68
125
7.878
17
95,57't
1
6,7«6
3.132
5
Itf9
3,118
597
603
l.O"!?
1,202
1,597
2.713
16,186
6.733
1
2,?3lt
12
982
6.627
5,232
101
35
61
25
1
2
1,206,616
1.'»1'^.717
103.697
130,962
73.29«
56.732
5.022
9,825
208,011
133.569
16,286
Si"
18.B55
11.532
1.306
17,28U
18,0>A
20,878
13.157
1.082
8,>^2'^
"•5
122
637
21,772
».385
1.578
632
3.086
!7.M2
9.233
2,206
910
2.008
lU
730
219
685
190
"•93
339
5
2
939
26
11
1
1
1U,82U
u
226,750
220,121
115,960
182
7.857
3U1.I9I
72.077
18,899
23>«,182
221.088
128,701
336
7.311
300.589
5<.i77
lU.lio
U.160
19,100
"•.oil
17.092
uu
58
5.503
756
6.208
16
"•,932
69U
6,268
6
271
\l ksU
1
180
171
162
162
1, '•89, 925
115.686
110,215
6,959. 63'»
7,712,953
571.832
610,563
'W,671,919
U.6'H.llt8
3,501.813
+101. 66U
-361,585
7"^3,2'*5
•578.679
»3.9OZ,0O2
"^.310,333
5.38'^.393
"•,080,'t92
Dally Treasury 8tat»(1) Total receipts froa Internal revaauel
Reports of col(2) Detailed eellectloas by type of taxi
lections made by collectors of Internal rsvenue,
i/
Less than *500.
Ixcludes collections for credit to certain trust aocounta for
territories and Insular possessions, etc,
Collectlone under the Cifrrent Tax Payment Act of 19>*3 as shown
in this table consist of those for whtoh retume have besa filed
with the Oollsctor of Internal Sersnue; receipts under this act
as shown in Daily Treasury Statenents consist of withholding
taxes deposited In Oovemment depositaries in addition to payments accompanying returne filed with the Collector of Internal
Revenue,
a/
entsi
•
13.537
35.027
5.897
"•3.800, 338
Total Biscellaneous internal revenue
Total Internal revenue collections
toureel
92.865
'W5.563
75.257
1,U30.'428
Total miscellaneous taxes
Adjustment to Dally Treasury Statement.
19"*6
19U6
19"^
i
8/
Ovrraot collsctloaB conslat in general of taxai paid within tvelT*
of tha taxa^la year for vhlch the return
was filed.
Current IndlTldual Income tax coUectiona for tha flacal year I9U5
Inalude payment! on unforglTen portion of 19^*2 tax, due March 15i
I9U5, of 1308,605 thousand for the period, January 1, I9U5 tbrou^
April 50, 19^.
Represents collections iindar the Tadaral Insurance Contrlhutlone Act,
Represents collections under the Tadaral Unemploymaat Tax Act,
Represente collections under the Carriers' Taxing Act of 1937«
Tax imposed upon the manTifeustura and sale of, and the occupational
tax on, mixed flour repealed as of Hovemher 1, 19^2.
ontha aftar tha elosa
6g
MONETARY
STATISTICS
Treasury Bulletin
August 1946
69
Balance Sheet of the Exchange Stabilization Fund
As of June 30, 1945 and March 31, 1946
JuB» 30. 19U5
March 31,
19116
Cash:
Treaaurvr of tha Unltad Statai, gold
Treasurer of the United States, cbecklnf account...
federal Beierve Bank of lev Tork, special account.
Disbursing officers' balances and advance accounts.
Total
i.soo.ooo.ooe.oo
11,800,000.000.00
1.2ai,2}«.$9
1.723,1111.13
210,6112,015.55
16,0511.52
163. 900, 911. 0»
7.iuyi3
*1.96$.13>«,Z92.80
casli.
Special accounts of Secretary of the fraaaury In
Tederal Eeserre Bank of Hew Torkl
Special account Ho. 1, sold (Schedule 1)
Due from foreign banks (foreign exchange)!
Swiss francs
Trench francs
Belgas
Sterling
ill other
Toreign depositories
10,618,11*7.77
2,980.05
929- 77
19,080,186.50
Total due froD foreign banks
Due fron the Oovernjnent of the Bepubllc of Cuba.
'».53'».350.80
5,011,705.27
Investments in United States Qovercoent securities
(Schedule Z)
20, W(«, 723.13
CoDmodity sales contracts (deferred charges).
1011,163,57
18.30
Other accounts (deferred charges)
20,000,000.00
82,1*20.95
Accrued interest receivable (Schedule 2)
211.88
2,636.00
Total aaeeti
2,090, 378. 130-
2,636.00
72
$2,091,1105,1192,35
Ite2.09
1, 11112.
88
l,U5-15
1,366.U2
5.980,OU.li
515.093-'«
Total accounts payable
5.981. 558. UO
Capital account
Deduct - Subscription to Zntemational Monetary
fund
517,902-78
9.'t59.790.2li
Beserve for expenses and contingenclaa (net).
12,026,655.32
$2,000,000,000.00
Xarnings less adainistratlTe expenseo (Schedules 3>Dd^)
$2,000,000,000.00
2,000,000,000.00
275,000.00
1.999.725.000.00
Annual balance sheets for the years 19311 through I9I1O fflay be
found in the "Annual fieport of the Secretary of the Treasury
for 19I1O".
Quarterly balance sheets comnenclng December }l,
711,936, 782.08
79. 135. 93**- 25
12,090.378.130.72
Total liabilities and capital
Hotel
383, 105. 90
11,217,871.58
59'*.5l6.'«2
Its,
s'*.
313,128.60
7.U9
363-08 (1)
2,980.05
'(.'39.237-J2
17. S8
505.06
lit.
Liabilities and Coital
Accounts payable:
Vouche rs payable
Kmployees' pay-roll allotDent account. United
States savings bonds
*
Withholding taxes
HlBcellaneous
$2,012,381,211.20
2, 091. 1105,1192. 35
1938 say be found in previous leeues of the "Treaeury Bulletin'.
(1) Belgian francs.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
Location of gold held by and for account of the Ixchange Stabilisation fund 1/
Treasury Bulletin
70
Schedules for Balance Sheet of the Exchange Stabilization Fund - (Continued)
Schedule 2
Ihlted States Ooyermnent securities hell
laBoe
^
the ZzebBnge StaMllzatlon Kind
71
August 1946
Gold Assets and Liabilities of the Treasury
(in odilloni of dollars)
Xnd of calOQdar
/••r or Boath
Treasury Bulletin
72
Components of Sliver Monetary Stock
(In millions of dollars)
SllTer held in rreasury
Seourlng sllTer
certificates 1/
bd
of calendar
year or month
Sllve
bullion
Silver dollars
938.8
1.137.6
1,298.2
1.398.1
191719381939.
19I10.
ijUz.
19UV
Subsidiary
coin 2/
Bullion for
recolnage 2j
503-7
5."*
1(28.6
3.5
5.3
2.3
535.3
616.0
l»9lt.6
UgU.l
U68.3
Uoo.u
376.^
657-'t
3.5
3.685.8
3.6U2.1
3.633-2
3.626-9
228.3
212.9
185.6
133.6
I35.U
137-5
833.5
Sl(6.7
3.565-3
3.552-2
3,512.8
157.7
X39-*
127-1
138.2
138.7
81(8.6
gl(8.9
139. "t
850.1
105-7
I'M.
852.
3.5O8.5
1011.5
IUI.8
857.5
3. 508.
102-3
11(2.7
86l(.0
3.508.8
October.
SovemberDecaaber.
I.6I.5.7
360.3
358.5
ll«.5
1.671.6
1.703.9
356.
10.2
I9't6-January..
1.771-7
13.''
IKI5-6
a.
35'»-5
17.0
17.7
April..
Hay
June p..
1.909.0
1.909-0
1.909-1
353-6
352.1
351.2
17.0
15.2
15.0
Dally Treasury Stateaent and Circulation Statement of Dnited
States Money
Preliminary.
Leas than $50 thoussnd.
Valued at $1.29^ per ounce.
.ce:
p
*
1/
1(,2W(.8
"(.317.6
"(.207.3
587.3
6eU.7
771.6
801.6
Septeaber.
355.8
355-3
78-8
81U.6
822.7
829.5
15-1
1U.9
13-9
1.818.
63.0
128.8
130.6
132.2
2U.2
365.1
363.3
361.7
1.850.8
11.060.0
127.1
366.6
1.57U.6
1.587-5
1.619.9
February
March
U22.l(
32U.5
1,520.3
.
52-5
287.8
277.3
261. b
.1
Au^st.
2,806.5
3.3'^.8
3,790.2
.2
12.5
10.2
July
366.9
372.8
Ue.i
.2
356.1.
I9't5-Jii
U3.U
lA.U
Subsidiary
coin 2/
I85.6
X9.1
19U5.
662.3
628.2
551.8
surer
dollars 1/
fotal silver
at $1.29
per ounce
96.8
117-5
137-5
lU.'u
I9>tlt.
Bullion
at cost
502.7
U99.0
1,U76.1
1.516.2
1,520.0
1.520.1
1.703.9
igiti.
SllTsr outside
Treasury
In General Tond
2/
y
3.870.6
3.512.8
81(6.7
8I10.5
3. 508.
3. 508.
3,508.1(
Valued at $1.38» per ounce.
Valued at tl.38* per ounce or at $1.29 per ounce according to
t&etber the bullion Is held for recolaage of subsidiary sllvsr
coins or for recoinaee of standard silver dollars.
Silver Production In the United States and Silver Acquisition by Mints and Assay Offices
j/
(In millions of ounoaa or dollars)
Sliver
production
Calendar year
or month
Silver acquired by mlnte and assay offices
in
United
States
Hevly mined domestic
silver 2/
Ounces
1936.
1937.
1938.
1939.
iguo.
63. U
19"(1.
191(2.,
71.1
55.9
19'»3.
1(0.8
l^kk.
191(5-
19'(5-May.
June.
2.8
2.7
2.0
61.1
70.6
61.6
60.7
68.3
271.9
70.5
U7.9
5-5
21(1.5
108.
312.2
355."'
W7.I
282.8
139-8
156.9
120.5
50.9
3"t3.3
197.8
163.3
199.1
160.6
208.0
99.
72.6
1U.3
27.1
6.0
IU3.I
62.1
5.5
"(0.0
150-3
333."*
77.2
3.9
.6
2.1
2-3
2-3
October.
Hovember.
Dollars
Ilollars
3.2
1.7
July
August. ...
September-
Torelgn sliver U/
Dollars
35.7
29.3
71.3
61.7
63-9
68.3
Nationalized
silver J/
.
Decern bsr.
19"(6-Januaiy.
February.
March
.k
2.2
n.a.
i4>rtl.
May...
Annual figure* eoa* fron the Bureau of the Mint; fflontbl/ flgurea
o& U> S. silver productlOD come from releasee of the Aaerlcan
Bureau of Metal Statistics and will not a«ree with the annual
figures.
Hot available.
Leas than ^0, 000 ounces or t^O thousand.
?or inforaatloa on silver production in other countries froa 1933
through 19'*0 or I9UI. see "Treasury Bulletin" for August I9U3,
page 71*.
Acctilrad at 6U.6U«- cents per fine ounce until April $, 1935: *t
71. II-*- cents per fine ounce fron that date until April 2}, 1935: ^t
77-57+ cents froa April 23. I935 to Deceaber 31. 1937; at 6U.6U
cent* per fine ounce froa Decaaber 3I, 1937 to Jul/ 1. 1939: and at
71. lU cents since July 1, 1939Acquired at 5^.01 cents per fine ounce. XzacutiTe Proclaaatlon of
August 9. 193U, repealed April 28. I938.
Acquired at various prices areraclag approJElaatelj 5I cents per
ounce.
August 1946
73
Seigniorage on Silver
(OojnolatlTe from Jaaaarj 1, 1935 ~ ^^ millions of dollars)
Sources of
fcd of calendar
year or aonth
Selgnlore^
on coins
(allTer and
Inor)
Misc. sllTer
(iBcl. sllTer
Vevly -mined
SllTer (let
teUlon held
Bee. 21, 1933) Jnly 6, 1939)
June 1>>, IJjU)
18.5
48.7
H8.7
18.7
711.9
U2.1
*5.7
19IH
I9i«
19^3
19IA
Ug.7
IMS.7
«9.5
91.T
122.2
19110
on sllTer bolllon reYalned 1/
lewly-Blned
silver (Proc.
I16.I
1935
1936
1937
193«
1939
sel^ora^
'W.7
25.7
>W.3
63.6
19^
87.6
87.6
87.6
87.6
87.6
19lt5-JBns
lOO.O
U8.7
1103.
t8.7
.
.
September
'w.7
October..
HoTember
December
U19.6
U2U.3
U29.5
19U£-JaBnar7.
VBbntary.
March....
1*32 •••
1»8.7
U8.7
U8.7
H36.O
'w.7
U8.7
'»38.2
lMi.7
3U.5
530.7
562.7
3U.7
3^.7
3^.7
580.
3h.7
3'».7
317
selj^ora^
on sllTer
reTalned
J26.8
»22.1
508.1
616.0
705.6
759.'*
sllTer Inlllon
at cost in
General ^ind 2/
271.9
758.8
950.6
1.055-8
1,089.0
58I1.3
3*.
65.5
701.6
3*7
87.6
65.5
58U.3
3t.7
820.8
575-0
87.6
87.6
87-6
65.5
65.5
65.5
619.0
627.2
6U7.9
3'».7
855.5
863.7
884 .U
U63.2
87.6
87.6
87.6
65.5
65.5
65.5
66ii.li
900.9
1101.8
917.'!
377.6
333.2
87.6
87.6
87.6
65.7
65.8
65.8
7'!'*.
65.8
65.8
65.9
^iril
IA1.3
1W.7
87.
Uit£.lt
Jnne
It53i
1*8.7
118.7
87.6
87.6
Bally Treasury Statement.
These Items represent the difference between the cost Talue and
the monetaiy Talue of silver Million roTalued and held to secure
19W
Potential
sel^tlore^ on
Total
799.7
818.9
820.6
820.7
938.1
•Ujr
Source:
1/
*>«• 9.
1157.7
U.2
87.3
87.6
J8.7
H8.7
'W.7
'W.7
Ai^et
Batlonallied
SllTer
(Proc. of
226.2
302.7
366-7
16.8
36.0
58.0
299.6
362-3
*29.5
Jnly.....
SllTer Pordiase Act
of Jane 19i
193U
2/
58U.3
58^.3
680.
701.6
3,1.7
3't.7
31.7
31.7
938.1
l,0ll8.2
967-3
717.3
333-2
l.OU.l
795.0
31.7
3U.7
3U.7
1,031.8
2I6.7
221.7
832.1
832.1
832.1
3*^7
31.7
31.7
1,068.9
1,068.9
1,069.0
I8O.9
77'*. 3
981.3
186.
1^.9
SllTer certificates.
The figures in this eoluBn are not cumulatlTe: as the amoant of
tnllion held chases, the potential sel^ora^e thereon chants.
7^^
Money In Circulation
(In
Ind of flic*l
ymr or aooth
llllons of dollare)
Treasury Bulletin
August 1946
CAPITAL
AND
75
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN FOREIGN CURRENCIES
Treasury Bulletin
76
Capital Ntovements Between the United States and Foreign Countries
IhlB
United
Foreign
Section
on
chapter
States
and
Currenolea
I
1b
llovementB
between the
Countries and
Position In
Capital
Foreign
divided
of Capital Movements,
Into
four
main groupa.
the Historical Summary,
contains data regarding capital movements, by the principal types of data and by years, starting with 1935.
Each type of
The last thirteen months are also shown.
data
Is
then broken down Into
Its
chief components in
available.
The last group contains Information regarding the
position In foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
contracts and purchases and sales of foreign exchange,
net
both spot and
month period.
forward.
This
section
covers a twelve-
the same chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
The
principal countries for the last thirteen months.
capital movements are given first and then the
total
principal categories are shown separately. In addition,
at this point, the total outstanding claims on and liabilities to foreign countries are each presented.
Details with respect to capital movements and
short-term claims and liabilities are presented In Section III as of the latest month for which the data are
for
previous periods may be obtained from
the following sources:
Supplement to the "Treasury Bulletin' on "Capital
Movements between the United States and Foreign
Countries,
January 19lt-2 through April 1914.5",
for
details during that period.
"Treasury Bulletin",
November 19^5,
for capital
movements, and position In foreign currencies by
months, 19U2-1945.
"Treasury Bulletins",
March 1914-2 and earlier, for
details covering years back to January 2, 1935.
Section I.- Historical Summary
Table 1.- Net Capital Movement
(In thousands of dollars; nsgatlve figures indicate a net outflow of capital from the Uhlted States)
Analysis of net capital noveaent in:
Calendar year
or aonth
Net capital
moTement
Short- tezn
banking funds
Brokerage
balances
Transactions
in domestic
securities
77
August 1946
Capital Movements Between the United States and Foreign Countries
Section
- Historical Sunmiary -
I
-
(Continued)
(Continued)
Table 2.- Short-Term Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers In the United States
(Position at end of period in tbouBsnda of dollftrs]
Short-tem liabilities
Short-tem clalaa
Ind of calendar
year or month
Payable in dollars
Payable in dollars
Payable
In
Loani to
foreign
banks
foreign
currencleB
of
1.301,1'^2
977
385.636
268, 719
1.623,317
1,893,087
2,203.185
3,221,328
115.118
118,633
221.383
202.085
3.938.232
3,678.518
72.C'^8
8b. 378
105,it21
i'^3.
li.
100,267
'•'•,006
119.5>^1
290,787
289,821
375.038
'•'.055
July
iU^UBt
Septeaber
325.2't3
306, UbO
'•9.859
October
Hovesber
Deceaber
259.952
331.320
392,766
1946-January
Tebnaazy
March
1|06,286
'•06,801
'•31.930
19U0
19U1
I9te
128,951
1U0.911
31.
30,
29,
28.
1935)1936)1937)1918).
65'».990
626.0lt£
152.'*37
3.
lew).
508,702
66,7't5
(Dsc. 31.
I9U0).
383.978
't7.'t77
367, 786
2'<6.673
U7,o68
30,916
3''. 387
19114
257.929
329. 69U
19'»5
286,9140
19''3
i*ni.
•tay
June
lote:
270,226
"•3'*.
310. '•77
1.156.196
1. '•56. 885
1,600.507
1.985.025
3.025.189
16,795
97.851
66,
78
99.95>t
209,597
135.311
82.983
103.369
60.828
121.001
3l.0»t9
306. 61
19.677
13.893
17.911
It
n't. 791
205. 389
3.786,182
3.352.223
3.523.328
137.1611
5.37't.903
6,i3U,iil2
169,670
5.596.775
6.883.068
•.356.501
2'l5,010
U.9l^6,62'«
668,168
1,222.580
1.218,633
1,910,898
123.393
5.957.917
•.537.371
U7,97't
111.907
126,013
128, 758
12l«,080
6.028.010
6.073.950
•.688.650
188,302
6.'^09,55lt
'•.875.373
1.362.969
1,515.620
96.020
120.218
93.815
179. 36"^
6.56lt.78't
'•.80't,7'tl
1,761,008
135.515
136.639
6.660,933
6,7«c,693
11.863,683
'•,89U,102
1,777.06't
le,6o6
"3.596
95.7'«
121,60't
6,952,lt86
90.'t37
197.287
6, 861, '•28
,997.303
.938.255
'•7. '•89
100,267
2't5,010
6,883.068
U,9U6,62U
50,12"*
"•9,218
108, 396
2'*7.
766
255.315
6,973.271
6.870,302
6,812,503
5.007.098
•.903.606
1.9't"^.872
102,268
112,076
•,8'*U,205
392. 76b
19lt5-ltorch
I50.0i»lt
foreign
currencies
foreigners
'88,365
(DSC.
(DSC.
(Dsc.
(Dec.
(J«»-
In
Other
161,263
9S.726
116.917
165.521
173.238
1935
1936
1937
1938
1939
Payable
Deposits
5lt,603
53. SS"*
60.723
50,727
39.772
53.333
Adjusted to Inelude Philippine OoTeraaent aceountt vlkh kha
See 'Ireaauxy Bulletin" July 19'^6, page 89 for details.
IT.
8.
70?
266, 521
let
short- tera
liabilities'
522.563
950.703
1,238,097
1,577,113
2,712.626
25.516
3.551.251
3.310.732
3.958.716
5.II6.97I
5,267.061
6.190.302
l.lt01,810
18. 736
5.670.977
1,380,1191
20.185
22.331
18. 561
5.737.223
5,781,129
6,031,516
19.035
ZO.lti
21.777
6,259.511
6.35I.I73
6,510,167
2l,6l9
27 .890
25.5I6
6,692,53l^
6,530,108
6.H90.302
l,9'*3.27'»
21.30
301
»22
23,1a
6. •63, 501
I.9I3.576
21, 522
6,380,373
l,86'(.81>«
l.930.56lt
1,895.283
1.910,898
21,6'tl
6.566.985
Treaeniy.
Table 3.- Net Movement of Short-Term Banking Funds
(la thousands of dollars; negatiTS
fibres indicate a net outflow of capital froB
Payable
Calendar year
or Bonth
la
foreign
currencies
-361.360
-70,11?
-17,62*
1935
1936
1937
1938
1939
(Jan.
2,
(Dec. 31,
(Dec. 30.
(Dec. 29 .
1935-Jan.
1, 1936)
1936-Dec. 30, 1936)
1936-Dec. 29. 1937)
1937-Dec. 28. 19J8)
1938-Jan.
3. 19«0)
-28, 9118
-117,3110
I9I1O
(Jan.
1910-Oac. 31, 1910)
-121,
2,
(•'•"•
1,
I9II
1912
I9I3
19IA
I9I5
721^
-228.132
11. 788
11,526
-2.393
-83.299
Pveble in dollars
United States)
Payable in dollars
-136,780
631. 169
7,717
-M9!3»l
.75.159
-11.758
358.023
269. 770
300, 020
l,018,ll3
3.552
-31,868
20,191
601
587.331
333.107
111.622
37it,1l0
i,o1o,i6'^
Ret
Payable
short-tem
in
Deposits
of
foreigners
Loans to
foreign
banks
18,
the
Short-tem liabilities
Short-tera elalns
liabilities
foreign
currencies
992.829
6.333
19.683
113,119
-91,806
20,520
37.802
1.933
-16.971
20,3<6
-l2,5ll
287,391
328,968
1.135.1*3
.11,310
185,617
385,365
-3.9I7
692,265
32.578
-29.779
-11.372
-5.102
1,018
3.730
3.905
-1,021
-213,522
583.373
1,168,058
ll8,59l
1,216,303
-109, 929
6,777.321
128, II2
8'^1,628
.19,268
-109
-15.933
3.171
20,216
-7.111
5,811
-58,120
3.515
-20,671
11.330
I9.OI3
-5. 151
11.809
-17.336
-19.298
-60,899
-6,515
32,506
75.3I0
21.511
1.179. 311
220,359
1.279.375
-70.765
-I33.959
105,607
620,881
220,576
583,205
-102,119
12,9l8
-360.798
6,128,768
1.233.85i^
1,926,929
.32.015
.5.669
18,510
719
66, £'•6
lt6,906
716,901
-259. 711
760,993
(Jan.
1,
19l6.Nar. 31. 19I6)
-16,192
-97.503
11.256
71.765
63.072
39,161
Total (Jan.
2,
1935-Nar.
19I6)
-618,553
-300,703
1915-Mwch
11.305
-1.239
9.581
2.963
59,815
-39.319
10'^,803
i4>ril
3.8I7
-966
85.217
^'•9
-1.567
-6,067
11,106
5.365
-1.678
61,222
70.093
89,663
61,616
186, 723
.21,319
-17.522
152.651
1,816
-3.770
250,387
-70,632
58,912
30.119
2'^5,
388
16,056
87.750
71
225
225.025
119. 760
1,151
1.591
9I.'
, '.932
155. 99I
19>>6
l«V
June
31.
July
iugust.
Septeaber
-19. 795
-18. 783
October.
loveaber.
Deceaber.
-10,271
71.368
.
19ll6-January.
.
.
Pebruary.
March
lote:
.36,231
61. 116
13.520
515
25.129
9.779
6.889
-10,861
868
-10,955
-29.993
21, 198
185,870
'•5.910
335.601
175.230
76.119
55l,i»12
I.
It
-26,'K)3
-13^81$
1,121
2,83't
1.927
-15.035
990
3.893
-5. 305
75.683
17. 723
171.793
-91.058
21,610
103,201
-59.0l«
8.369
65.750
-35.281
15.615
2,8l2
3.271
.2,311
182,067
-162,126
-39.806
2.756
2,
7.5I9
7,
11,206
90,203
-102.969
-57.999
60, 171
-103. 192
33.971
-1,598
302
-I.2I5
2,121
1.100
-103, I**
-59.101
2.635
-906
1.115
AiJuateA to lacluda Philippine QeTemaent accounts vlth the U.
See 'TTeaanry Bulletin* July 19I16, page 89 fer datails.
9.830
8.129
-6, 128
9,808
8.
Treasury.
76,683
-83,128
Treasury Bulletin
78
Capital Movements Between the United States and Foreign Countries - (Continued)
Section
I
-
Historical Sumnary - (Continued)
Table 4.- Purchases and Sales of Long-Temi Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thonaanlfl of dollarB)
AirahaaeB
1935
1936
1937
193s
1939
(Jan.
n.a.
n.a.
19112
191*3
I5l.fi39
I9W
136.853
860,221
110.384
473,052
368.558
75.488
194.616
171,432
357.655
136.639
16.389
22,342
igits
19>t6
(Jan.
1,
Total (Jan.
19>(&-Mar. 31, 19ll€),
2. 1935-''"-. 31.
281*.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
206
lU6,039
96.383
h, 19ltO-I*c. 31. 19ltO).
I9UI
let
Vurohaaea
total
Furobaaea
Ealea
-188,846
-222.519
20,895
n.a.
a.a.
n.a.
n.a.
n.a.
221. 8I6
17'*.952
n.a.
B.a.
n.a.
n.a
n.a
n.a.
n.a
n.a
atooks
and
bonda
-56,216
-39. '36
1,302,684
8.684,391
8,273,381
1,200,119
1.034,478
986.024
2,083,698
2,028,755
1.142,923
1,119,905
316,660
600,693
244,626
57.196
-85,427
506,022
320.991
260.601
392.938
650,411
751,084
582.946
214,002
365.171
439.676
637.?>io
271.427
751.01*5
1*25.097
-245,062
-261,955
U6.599
27.767
210,735
-113.105
-153.670
10.890,326
645,057
38.1*19
62.807
-A, 388
-18,079
-17,489
579
164,218
241,299
513.558
-97.432
-26,255
161,043
278.032
214,388
138,514
170,555
268,244
393.390
288,458
-5.953
22,030
4o,4£5
-18,435
25,028
17.580
21,228
-12.917
-10,864
6U,757
29.33«
27.155
112.737
47,417
44,644
1*9.313
63.1*24
1*2,726
1*7.970
-1»2,977
-31*.
25.70'*
70.7'A
245,314
-15.673
-127.415
19^).
19lt5-Mareli
Total
Salei
11.535.383
(Jan.
2. 1935-J»»1. 1936).
(Jan.
a. i936-n»8. 30. 1936)
(n«o. 31. i936-ii»o. 29. 1937).
(Dbc. 30. 1937-Iteo- 28. 1938).
(Doc. 29. 1938-Jan.
3. 19*0 )
19I40
Salaa
H«t dDmeatlo
SsBOatlo 'bo&da
Domaatle atooka
Calaadar year
or BOBth
April
•by
June
17,227
20,439
26,752
22.389
27,064
28.085
-5.162
-6.625
-1.333
12,111
6,716
85.985
July
17.830
21,632
19.697
29.529
-3.802
-6,782
-9.125
24,896
19,624
23.451
26,^38
24,412
27,528
-1,442
-k.yss
-1»,077
32.539
43.855
44,109
57.057
-5.244
-11.570
-13,202
Au^Bt
September
2o!404
October
HoTeaber
Deceaber
33.084
30,180
43.024
47.622
41,569
-16,700
-14,538
-11,389
31,019
29.318
61,925
37.687
30.765
30.877
-6,668
-1,'A7
31.048
57.3U3
62,402
92,105
80,711
78,387
72,446
-23.368
-15.985
19.659
>t7.558
5'(.782
38.842
23.984
42.780
39.077
-7.224
-3.938
-15.093
49,320
69.777
41.946
214,883
19.392
54.183
-165.563
50.385
-12,237
96,878
108,619
65.930
269.665
62,172
93,260
-172.787
46,447
-27.330
26, 32"*
19U6-Janaary
TebroAry
March
n.a.
Hot available
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thousandB of dollara)
hrelgn atodcs
Calendar year
or month
PorehaBes
1935
1936
1937
1938
1939
(Jan.
2, 1935-Jan.
1, 1936).
(Jan.
2. 1936-Ilec. 30. 1936).
(Bee. 31. 1936-Dec. 29, 1937).
(Boo. 30, 1937-Deo. 28, 1938).
(B90. 29. 1938-Jan.
3, 1940).
1940
1941
1948
(Jan.
4,
23,278
1944
?'^.6oi
191*5
191*6
37.328
PurohaaeB
Bet
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1940-Ioc. 31, 1940).
191*3
Sales
Tbrel^ bonds
n.a.
n.a.
n.a.
19.791
n.a.
n.a.
n.a.
3.1*87
16,31*1
22,078
51*. 789
23,581
-17.461
-7,24o
19l*5-«apeh.
2,086
3,1*10
-1,324
April.
May...
Jane..
1.925
3.254
3.975
2.257
4.510
7.489
-332
-1,256
July
2.303
2,605
8,421
2.04o
2.182
2,094
263
423
3,533
4>397
i*,333
(Jan.
1,
1946-lUr. 31, 1946).
Total (Jan.
2.
1935-Mar. 31. 1946).
Au^st ....
September
October.
Noveober
Qecexber
1946-Jannai7
Pebruaiy.
March
.
n.a.
i/
-3.511*
327
5,351*
8,216
11,150
-800
-3.8I9
-5,796
6.788
5.625
3.928
9.781
7.881
5.919
-2,993
-2,256
-1.991
Vot arallable,
Adjusted for the Inclusion on July 1 of $14,787 thousand representing the sale of ProTlaee of Ontario ionds.
n.a.
Sales
Total
Purchases
let
Total
Sales
Hot foreign
stocks
and
bonds
August 1946
79
Capital Movemente Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
Table 1.- Net Capital Movement
ugitln
(In thoiuaada at dollari;
tlgaxtt laiUoat* a
Mt
outflov of o^ltal froa th*
UnlMd StaUi)
I9U5
lUreh
Iprll
MV
->t,71S
-51. 793
-22,879
-28.925
fialclua
9.326
5.012
7.759
Danaark
'>6lO
nnland
"171
Qaraany
105
-672
-50
1.3
'2,281
I9I16
Juljr
lugutt
3.278
r36.9>l8
..68.631^
-3.157
8,728
20.696
8,570
-56.18>>
-24.513
-3t6
-17U
-219
•»623
US
521
1,861
3,W«)
26
turopa
UnltaA lin^doa
franca
Juna
-1(2.5>(8
-979
-170
-2l(
l(i(
33
3t
lie
1.096
2.928
3.870
2.807
2.01*5
2,1162
163
270
5.189
3.551*
lt.381
-uu
-569
591
527
6, 169
lorwv
7.798
6.933
-5.788
5,376
3.923
-5.92'*
Portugal
-2.762
lt.l9i>
-U5
l.8i9
Oraeca
Italy
Luxaobourg
Hatharlanda
Wnmati la*->>>*>>>
•
Spain
Svadan
Swl tcarland
V. 8. 6. B
72
2.003
5.999
-7.022
-7.371
31
1*17
-l*,857
5.11"*
3.200
5.290
17.891
3.008
9.666
-2,290
6.381
10,251
199
33
-13.92't
>»,lt30
3.078
69
6.6U8
-l».329
5.665
3.396
U.212
H. 703
TucoilaTla
Othar luropa
78
-1)6
-11.5
-2.315
-1.095
*63
2.561*
3.31*0
31*
-1.133
Total luropa
573
131.071
83.110
-80, 370
1.775 70.300
81*. 727
80.399
1.1*70
-56
1.691*
-50.987
-27.081
Canada.
52.126
> 56. 5110
Latin Aaerlca
Argentina
-18. '157
-2,980
-1.1*71
-3. 7U7
1,355
3.713
-751
3.686
1.601
3.369
-1.928
-27,1*7
-1.639
3.1151*
U.lt53
21.839
866
1. 573
331
-l*,2W
-1.700
-2.779
573
577
-6,118
23.593
337
-21(5
13.982
10.850
1.206
19. 503
SollTla.
Bratll
Chlla
Coloabla
CoBta Elca
Cuba
Tranch Vaat Indlaa and
Oul ana.
Ma Ilea
6.217 13.375
-3.581*
-1.000
6.71(8
1*96
91
-1.911
-820
27.030 10.
2.089
7.062
-958
591
3.269
-517
-158
5.507
2.21(2
-1.276
12.035
-17.1*38
2.565
1.766
-2. 71*5
Vatharlando Vaat Indlaa
and Surinam
Panaoa
Paru
-1,1150
-373
-i.iie
-3. 551*
u.iio
3,200
-1. 578
559
571
2.337
2.766
-552
2. 723
7anatuela
Othar Latin iaerloa
5.391
3.505
-«.776
U.ltg9
3.81*7
8.958
-7.01*1
3.191
-7.987
-388
310
-158
lotal Latin Aaarloa
-28.215
28.857
61.305
29.U98
57.822
-19.529
-2.805
-6.899
768
-6.1(07
-6,7l«
16
76.809
-1
76
-22
-90k
.262
261*
219
-71
28U
1.696
16
-U.U16
-53
383
113
3.123
-2
-39
2
159
-17
-13
69
272
-391
l.Ull*
2,liUl
-;i'*.36o
-11.571
-861
1*97
U.060
7U
38
Aala
iihinn
7ranch Indo-Ohlna
Bone Kong
India, Bursa, and Caylon
Brltlih Halaya
-1*.
7
631
J^an (Including Xoraa
and Manchuria)
Natharlanda laat Indlaa.
Pblllpplna lalanda
Turkay
Othar Aala
2.911
-999
2.233
-6.1(70
-2.251
3.375
1.187
1.1(68
U.530
Total Aala
5. 168
-2.3fe
-9.080
•18.355
>*3
63.226
-219
-820
-9
.U97
-2.773
-1.232
-291
-i*,009
-1(1
6U
1.126
1.177
2.685
Othar countrlae
Australia
Hav Zaaland
Igypt and Anglo-Igyptlan
Sudan
U.teJ
3.351
801
-"75
-3.759
1*1*3
59
7"t3
-228
1. 562
-228
Tranch Morocco
Union of South Africa...
All other
-165
-106
2U3
132
-631
75"*
-55"*
U87
3W
-950
1.22U
't.li59
-1.027
1.378
U92
U.II5
6.35'»
Total othar coontrlaa...
3.208
-991
-2,086
387
-66U
13.320
»'t9U
jn
-1(22
-1^5
-18.206
> 55.27'*
52,361* 212.1(79
.22l(.913
Unidentified
Orand total
.m
-121
Saptaabar
Oetobar
Soveabar Daceabar
January
fabruary
March
Treasury Bulletin
80
Capital Movements Between the United States and Foreign Cloiintrles
-
(Continued)
Section II - Suimnary by Countries - (Continued)
Table 2.- Net Movement of Short-Tern Banking Funds
(Id thouaanili of iollari; nagatlra flgorai ladlut* *
ut
outflow of oapltal froi the Unltod Stttoo)
1946
19't5
April
Ual tod Elafdoa
+127
7roB0o
SolglUlD
+lo,l'>3
Doamark
Finland
Q*Tuany
-16, 521*
-28,051
+6,015
+ai5
May
July
June
Auguat
2,405
+1.731
4,259
-483
-167
+3,090
-662
+80
+13.154
-'•73
+191
-191
-57
+1,466
+4,005
-138
+2,668
+679
-158
-293
-175
-246
+290
-171
482
-5
+26
+99
+13
+1,182
+3.419
+637
+2,928
+1.072
+3.925
+5.559
+3.509
+2,664
+2,926
51
Oreace
Italy
Lxuambourg
1.978
2,276
+l,8U6
+3.391
-2
-111
Natherlanda
-503
+7,532
-5,868
5.279
+1«6
-13.936
+36
+4.669
9vadon
+5.1*30
297
Swl tiarlaad. ...•
+7.279
S. 3. H
YugoalaTla
Othar Xuropo
-'».330
+6.042
+4,703
-145
+"•.231
-375
+4,212
+T1
-1,186
Total Xuropa
-27.801
246
-42Ug4
-579
5
2,304
+85
-"•3
+3,160
+170
-246
+5.021
-745
-857
+742
+30
-346
+1,299
+35
+5.238
3.724
5.73'*
+253
+3.157
+12,085
+1,629
-693
+12,949
-8,086
-12,092
-5,628
-2,228
13.101
-1,700
-258
+14
-8,216
6,913
14,203
+3.251
+36
-234
-6,955
+17
+5.177
+3.596
6,426
+12,961
+7.951
+1,736
+295
-432
2,844
5,985
+2,030
-9.116
-7.385
+2,466
-2,758
+6,450
-47
-3"*
5.397
2,162
-5.099
5.176
+30
+5,058
+17,921
+401
+2.927
+9.796
-7,292
+5,891
-1.463
+3.339
9,127
1,470
+6.931
+3.388
+3,153
-374
-57
103
112
-l,3o4
-503
-5.221
+1.754
-2,174
;36l
+6.937
+399
+218
-66
-17.391
+6,o47
+103,967
+93,675
-78.933
-30,075
+45,862
-54. 817
+59.763
+36.5'«)
-6,083
+77,813
+91.059
+103,786
+44,155
67,142
Argentina
BoliTla
-19,163
-1.936
-2.l4o
-764
+4,061
+2.559
+1,633
+2,306
21,836
-4.318
+875
+1,165
+1,183
-72
+21,155
+1,U8
-27,521*
-3. 410
+1.325
+3.715
+3.484
-2,089
Brajll
+3.876
+13.31*6
-1 .020
+568
-1,675
-2,902
+585
+103
-2,104
-814
-3.640
+6,552
+491
+1,945
+7,097
-999
-2,418
+3.t76
-1.093
-6,227
+22,850
+«7,337
+10,205
+2,867
-1,121
+327
+l'»,0lU
-244
+11.365
+1.136
+18,508
-77
+5,198
+2,242
+12,043
-1,229
-16.949
+5,412
-1,278
+3.783
+3.117
-558
-633
-3.352
+2,941
+1.559
+3.354
+160
-1.563
+1.221
+1.335
+1.123
-1.145
+1,409
+35
2,389
Peru
-77
2,809
656
Venetuela
Other Latin Anorloa
5,lg't
+3.597
-7.o4o
4,052
+8,904
+158
1,286
+3,230
-6.532
-1,639
-6,946
4.089
-1 ,024
Total Latin Ajaerloa
-29,726
+28,530
+58,678
+25,229
+58,5l4
-Z,9tk
-916
-7.466
+16
-274
-4,992
+76
+252
-22,220
-22
+224
India, Burva. and Ceylon.
Brltiah Malaya
Japan (including Korea
and Manchuria)
+390
-3
+1.985
+16
-4,205
-53
-836
+113
+162
-17
-l4
66
+272
-391
+265
Netherlanda Xaat indiea..
Philippine lalanda
Turkey
Other Aala
+2,911
-999
-6.414
-2,ll09
3.375
+1.186
-463
+804
-11,545
+l,4lU
+2.573
-862
+436
-3,871
-14,184
+442
+4,053
-9.494
+;?: 120
i».393
+3.529"
+2,202
+1,504
-1,032
-2,879
Total Aala
5,'H2
-2,641
-9,l4l
-35.218
-11,418
-287
-819
-132
-491
-2,677
-46
-1.274
-290
123
+782
-227
+1.593
-198
-6U
+128
-521
+1,264
-638
+46<
RuBaAia
Spain.
.
U.
Canada*
+78
-131
+3.927
+554
-5.952
-2,766
-l*.332
-2,1284
+2,584
+3.767
+6.589
Portugal
2,003
4,401
4,186
Horvajr
-79,000
-16,282
+8,585
-17,196
26,721
III
-49,021
-17,529
-18,119
-45.051
-33.141
-12,678
+13.177
+57,169
-5.125
+88
-29.060
+88,551
-l,3l4
Maroh
-2.565
+47.152
-23,011
32.373
469
February
-71.064
-43,280
+68,884
+7.064
-23.190
+7.589
+8,4o6
January
Sapteaber
7,429
-l*55
-31*3
-78
708
-1,048
+2.99J
-2.979
+102
4
-2,l44
-7.894
4,2J5
+2,651
+2,034
-1,271
+196
+1,873
+21,872
97,260
-95,882
-82,258
-11.925
-38.891
-192,445
+2,033
+18,423
-4,564
-1,691
-5.4o4
-1,240
+6,913
14,236
-8,610
-2
2,595
-2.797
-1.074
+10,700
+1,027
-7.675
+7,472
-3.778
+680
-4,541
-2,743
-244
-138
+2.579
-1,081
-1,120
-3>t7
-1,612
-5,108
+652
-6,272
-7,792
-19.166
-l4,237
-6,621
-805
*14,797
364
-308
-798
-690
-53.424
+4,154
+52
+9,970
-65
-932
-524
+12,073
+630
+1.330
+3.8O3
2,941
-2,867
-2,108
-2,24l
-7,214
-137
-1,881
+1,898
-2,321
+1,413
-2,321
+3.619
-3.W»3
+3.679
-1,883
-10.516
-1,655
+11,371
-14,257
-7,016
+35'*
9,446
+6,133
-751
-1,908
+10,158
-20,098
+19.217
-5,820
-84,262
-12,389
-1.315
-3.912
+33,212
-18,344
+7
-78
77,528
+9.784
+47
+144
-151
-10,831
-212
+396
+1,616
+725
+5,218
H67.271
-214
+160
+2,824
-20,339
+6,336
+1,682
-18.983
+3.221
+2,316
+3.203
-39
641
+10,581
5,278
+1,422
+46
-1,619
+173
-4,462
+442
+8,344
-197
-10,931
-75
-49
-81
+63
+70
-130
-48
-680
+18,883
-3,328
-1,311
+9.975
-647
+4,958
+13.2'
!49
+5.155
-1.761
+659
-1,4«2
4,300
-3.712
+9,010
+5,787
-2,662
-9,270
-8,725
+4,814
+2,907
-1,717
-33.159
+3,920
+7.452
+64,049
+77.765
+10,757
4,304
24,762
+174,728
-14,578
-48,004
-4,029
+73
+825
+1,179
+1 .176
+512
+399
+980
-1,985
+12
24;
-1.436
-3,216
-150
-1,285
-162
-207
2,693
+32
+3.859
2,270
-831
+582
+173
-621
+1.028
+3.114
+10,276
+1.910
+1,651
-1 ,581
+7W
-17.194
.286
-279
-1,119
2,446
+22,969
+587
-1,436
-464
442
+4,o4l
+765
+1,226
+6.336
+8,089
+202
-139
-2.923
31
-627
+13,024
+14,190
+28,068
-11.079
-4.117
-1,054
+7,784
-4.928
-422
-178
+742
+458
+553
-928
-491
+1 .071
+427
+125.994
+146,467
-157.226
-9.691
+76,683
103.484
-83.128
3,230
6l4
-3.643
+2l4
+2,836
L atin America
Chile
Coloabla
Coota Rica
Cuba
French Weat Indlea and
Oulana
Mexico
Netherlanda Veat Indloa
and Surlnaja
Panana
Aala
China
French Indo-Chlaa
Hong Kong
Other countrlea
Auetralla
New Zealand
Egypt and Anglo-lgyptian
Sudan
French Korocoo
Union of South Africa....
-35|.
-3,83l»
-1
All other
lt,!»13
+245
-J23
-989
Total other countrlea....
3,l6«
-908
-2,079
+1*91*
316
-116
+11.310
+44.446
+47,306
Onldentlfled
Grand total
4,612
459
+171.687 +231,025
4,
2
-696
+81.132
-637
+1,202
+67
-2,581
+115
466
-1,234
-5.035
-197
4,502
-2 ,405
.
August 1946
81
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 3.- Net Movement in Brokerage Balances
(In thoueanda of dollars; ne^atlTO flgoroo Indicate a net outflov of capital from the United Statea)
19I16
19^5
iprll
lurope
United Ilngdoa
7rance
Belglua
MV
-15
683
2.53«
229
-552
251*
-5U
-78
Denaark
:^
7"t
5
1
-3
-15
Oeraan7
20
-13
1
Oreece
Italy
Luxaabourg
10
29
*9
-8
lU
38
-Itlg
-7»
ll2U
95
1
ri aland
1
letherlands
Horvay
Portugal
97
6
31
I
-9
13
Ruaanla
Spain
Sweden
-2h
-3
-3
2
8
7
August
Jtal7
5
Ull
117
2
Septeober October
loreabor
December
January
-290
823
28
250
"197
i.itsu
293
-53
129
2X6
-205
101
-115
-126
-199
360
256
91
30
-110
71
52
-78
131
1
9
1
139
.26
17
13
18
-10
U
11
22
76
:&
38
-2
-2
78
12
300
-55
18
10
76
173
205
385
>t52
-35
-1.067
1.90U
-9.8l»7
9't
131
555
-390
-lit
-11
-19
-1
56
-IH
6it
-76
13
50
3
3t
5
12
lU
-5
6
5
16
1
1
1
5
3
1
-15
9
94
2
5
2
-ita
-3
-38
18
i>ie
-67
-33
99
35
92
Svitserland
R
TugoslaTla
Other lorope
+521
2>I0
1.117
187
381
225
2
1.195
-511.
861
2,lli5
Total Xurope
353
1
-2
-37
263
1.196
1
-19
20
1
-1
336
1.100
-35
-109
119
1,072
3.67't
-2,02 >t
626
2, 761
309
1,038
6,105
-7.992
3U5
87
-1.367
-611
866
36B
-923
1,168
738
Z^
-107
1.008
-965
-558
331
I16O
11
-321
875
-22
-7
-7
-U9
-186
'Rl
192
118
1.096
-76
-7
-166
-167
6glt
ll»
-15
-100
II
Ul
-110
ll|2
-36
21
6
38
-579
278
-665
l.lKX
-9'I0
961
Ohlle
3U
Coloabla
Costa Bica
6U
lU
-U
-112
-9t
-1
-235
-122
-29
:il
2lt
-30
65
-59
262
-192
-355
-317
-275
2
70
-72
-293
-5OX
1.313
333
letherlands Vest Indlse
and Surinaa
Panaaa
Peru
2
39
-13'»
558
77
"3
-235
Cuba
rrench Vest Zndlaa and
Oulaaa
Naxieo
-30
-158
-272
-63
-39
1)2
3l»l
-1
-367
3
-75
-20
-15
-16
-16
2.256
66U
-86
yiti
-697
-995
-17
-17
-''13
Latin Aaerica
Argentina..
loliTla
Sraiil
-587
'•77
-100
18
781
-16
U
Canada.
Karefa
-3.128
-23
11
0. S. S.
February
'•79
10
-183
IU5
-2
372
-398
1,222
-1.^
-131
.U9lt
25U
Tenefuela.
Other Latin Jmarlet.
100
197
-lU
-6U
Total Latin America
300
36
239
10
-IU8
-70
-19
118
6
5
9
*kgs
-uitz
35
-211
-9
-Itl
-235
-1
11
-297
-562
50lt
-MOU
-295
-290
-52
323
1.326
104
86
52
l»5l»
12
-609
-3
Uh
.8
113U
Uhl
33U
939
-18
-9
+172
2lt9
-23
55
237
207
132
379
-llt3
590
-376
.586
17lt
-2IA
-l.'t75
-295
>t82
lie
.i,2eit
219
368
-907
g9't
877
-21
-212
-51
1,518
-607
-l.l>57
-5t5
1,060
-530
lt9'»
-3.328
-1. 792
-'•38
-1.550
lt,2lt3
.13U
-320
-561
-728
-233
11
18
1
5
5
-3
-11
-68
23
-32
2.187
-35
2,>tl8
-98 It
381
-75
I12U
8
-278
.8
258
-76
-3'*5
2
-13
72
5
i
65
-38
-6
23
I18
Asia
China.
Trench Indo-China
Bong Kong
India, Burma, and Ceylon.
British Malaya
Japan (including Korea
and Manchuria)
-9
1
65
34
It
-lU
-79
Total Asia
O ther countries
112
-9
.
.
Total other countries..,.
-39
so
1
2
222
«37
76
-169
251
53
10
16
26
53
M
:i2
-36
-263
-580
-307
lt99
-62
Itit5
-175
335
-162
300
557
22
17
-35
-2
u
25
29
22
U
13
-833
-33
-3
-3i
-25
10
-2
-11
-3
It
16
12
U
»33
-27
-26
-2
3.209
1
U9
-U
-1
31
7
-1
5
-10
35
i
3
-2
13
-13
2
5
2
-1
III
251
-35
191
-1.165
130
.£25
23
69
a
7
.26
187
-1.U9
175
-200
60
5.'t69
-227
It, 636
5.075
-8.932
.1.210
5.956
-7
-78
1
3
-9
23
521
-152
.11
1
51
Unidentified.
153
-28
-I
Sudan
-112
-78
-6
5
Australia
Hew Zealand
56
gypt and Anglo-l^ptlan
Grand total
-1
-9
letherlands last Indiee..
Philippine Islands
Turkey
Other Asia
Trench Morocco
Union of South Africa.
All other
6
6
-11
Jti
-1,831
-•.689
2,061)
32
Treasury Bulletin
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries - (Continued)
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign)
as Reported by Banks, Brokers, and Dealers in the United States
(In thoutandt of dollars; ugatiT*
flgune ladlcat* n«t talas by for«lcn«ri)
I9U5
Unl t«d Xlngdoa
franc*
fialfluiB
Dannark
rtnland
Oamaoy
Oraaca
Italy
Luxembourg
latbarlanda
Sorway
PortugaJ.
Buaaala
Spain
Swadan
Swl t Eerland
U. S. S. H
YugoslaTla
Othar Buropa
Total Buropa
Canada
Latin Aaartca
Argantlna
Bolivia
Bratil
Chila
Colombia
Costa filca
Cuba
Traneh West Indies and
Oulana
Mexico
latharlands Vest Indies
and Surlnan
Panama
Peru
Venezuela.
Other Latin Aoarica
Total Latin Afflarlca
Asia
China
Trendi Indo-Chlna
Hong Kong
India, Buxaa. and Ceylon.
British MalvaJapan (including Korea
and Hanchur 1 a)
Netherlands Bast Indies..
Philippine Islands
Turkey
Other Aala
Total Aala
Other countries
Australia.
New Zealand
Ifirpt and ADglo-Bgyptlan
Sudan
Trench Morocco
Union of South Africa....
All other
Total othar countries....
Pnldantlflad
Grand total
-U,830
-8,828
-739
+398
-3
-150
-5
-1
12
+169
79
5
-2,363
-1.152
1
-6,133
August 1946
83
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II.- Summary by Countries
-
(Continued)
Table 5.- Short-Term Claims on Foreigners as Reported by Banks and Bankers In the United States
(Position at end of month in thousanda of dollars)
19I16
19115
^rll
May
1,1*78
25.375
1,1*1
30.510
1,280
769
770
759
Denmark
rinland
9
2
8
2
6
Oeraanjr
33.866
33.867
33.866
63«
6Ul
31*
70
1*77
Vor«v
323
69
Portugal
5lt9
29
1.307
238
28
86U
2U8
1,1*98
89I*
290
326
28
922
660
Switzerland.
92lt
871
832
5.1*35
3.61(8
S. S. B
Tugoelavia
Other lurope
5
5
6
15
20
It
15
lU
't,96U
5.IIU
'(.887
13
811
1(.910
To tal lurope
AufUBt
J\il7
KttTope
Dnitjd Kingdom
Trance
Belgium
23,209
Areeee
Italr
3itlt
Luxembourg
70
letberlanda
Bumani a
Spain
Sweden
*.....
U.
27.892
1.286
759
2l(.833
33.866
33.866
61*1
61*2
61(0
31*3
3UU
31*5
75
70
69
1*1(5
660
317
61
71
i(0.09i(
1*0,1*62
617
60U
1*88
21(2
1.230
759
1*
5
27
'?
1*.
15
68.807
70,818
76.159
117.638
112.978
Canada.
23,888
22.991
25,611*
53.770
1*5.199
Latin imerlo
Argentina.
SollTla
Brat 11
5. '•97
8,651
1,U08
7.728
1.299
8.31*3
ll*.lii9
1,312
22,682
2lt,051
25.1*51
1.213
30.584
26.896
7.755
8,698
l6,001t
llt,658
1.0119
8.388
15.108
1.081
16. 791*
9lt9
l.lW*
8.359
16.337
1.225
60.856
57.075
39.130
1*9.667
10. 328
29
9.118
29
8,81*2
26
8.671
llU
8.857
133
10.238
37U
1,023
1.370
353
953
1.392
351*
891
1.378
390
l.OUs
305
1.080
1.735
4.026
13.090
U.893
12.976
5,802
5.62U
5.1*50
12.581*
1.2.335
12.365
l'i't.og5
11*5,028
127.891
537
109. 81*7
1.259
1,316
1.099
Chll
Colombia
Coeta Blca
Cuba
ft'ench West Indies
6.988
1.21*7
and
Aiiana
Nazi 00
Hetherlands West Indies
and Surinam
Panama
Peru
Tenetuela
Other Latin iaeriea.....
Total Latin America
Asia
China
Trench Indo~Chlna
Hong long
India, Burma, and Ceylon
British Malagra.
Jaf>an (including lorea
and Manchuria)
letherlands last Xndiss.
Philippine Islands
Turks/
Other Asia
Total Asia
Other countries
Australia
lew Zealand
IgTpt and Anglo-lsrptian
Sudan
•
1.1*1*2
11*1*.
1.199
1.01(2
1
1
2
1
870
871
868
810
2
813
11,809
12,061
19.1(03
16.81*7
lU. 511
lit9
11*8
11*8
11*1
11*0
538
539
539
537
521
1.1*23
13.61(6
13.91*3
l.UU
1,1*01
1.1*00
13.9'tl
13,91*2
1.8J7
9.1U9
10,1*52
13.891
2.009
11,769
lt0,96U
112,617
77«
356
1,398
12.51*7
2,166
13.135
51.128
1*9.158
1*7.671
752
378
972
336
87I*
1(22
2.073
350
339
1,886
2.007
367
358
210
287
Trench Morocco
Union of South Africa...
All other
8
7
7
6,657
6,669
778
1,01*8
6.127
1,058
6
6.022
2.151
5.193
1.378
Total other countries...
8,916
9.221
8.858
9.685
9.292
.ilk
250
289.821
375.038
nnidentlfisd
Orand total
280
286,91(0
290,787
11
September
October
Koreaber
December
Janiiaxy
ftbruary
March
Treasury Bulletin
Sk
Capital Movements Between the United States and Foreign Countries
Section II
-
-
(Continued)
Summary by Countries - (Continued)
Table 6.- Short-Term Liabilities to Foreigners as Reported by Banks and Bankers In the United States
(Poeltlon at end of nonth In tbouaands of dollari)
ISUi
191*5
April
lurope
United Elogdoffl.
Trance
BelglUD
8}U.23t
366.563
133.663
lit.
395
7.057
Denjnarlc.
Finland.
6.93'*
Oaisaajr.
832,079
861, 831*
71(0,221
315,121*
11*7.257
372,299
398,961*
823,952
356.68U
7t6,157
338. '•75
313.'tl7
11*2,132
150.538
11*9.908
218,615
360.321
195.602
13.386
6,831
6,739
13.678
6,658
13,683
6,627
6,760
ll»,l(20
16,825
7,153
6,856
139.679
13.681
7,003
6.986
6,73'*
871.952
6,671
6,659
H.
..
TugoslaTla.
Other lurope.
.
Total Xuropa.
latin America
ArgentinaBolivia...
71*.
22.31*2
6.613
932
75.507
9.236
32.569
199.062
9,227
9,21(0
2l*. 1*1*3
31,208
217,196
9.313
31.712
213.1(66
210.11*5
9.291
37.117
213.959
9,216
37,355
212,860
205, l6'(
273. 781
25. 721*
277.668
281*. 1(20
269,966
301*.
2l*.373
21*. 61*8
5.113
5.216
5.229
5.1*1*1
315.1*57
29. 71*3
6.31*9
1*6,398
316,216
25.1(01*
9,255
9.281
9.682
36.93''
'<o,376
165,1*1*9
183,
70l(
19U.338
258,01(2
261, 182
268, 522
17,515
5,639
51.673
20, 863
22,336
5.170
1(6,922
1*1*.
951
2,562.302 2,651,317 2,536,551 2.501.012
ltU.U62
1*1*.
31
2.5l*l(.956 2.529,931*
228
28.012
5.735
1*3.675
73.109
70.0I16
73.220
19.219
82,510
17,161*
18.01*5
78.030
17.856
133.302
17,672
136,763
11*6.202
l6U,350
162.971
181,501*
7,1(08
51.322
77.216
8.093
11*1,163
160,232
75.051
77,168
17,879
179.157
82,305
28,1*79
6,555
1*8,381*
291*.
1 71*.
959
016
9.222
35.363
321.155
21*. 829
6.766
51.217
2,562.962 2,655.350 2.563.816 2.1(87.1(25
1,161,293 1,267,262 1.31*9,750 1,1*1*9,866 1,1*92,073 1,551.790 1.51*5.733 1.522.155 1.350,716
16.51*5
77.332
15.61*1
lU, 1*98
185,603
195,136
1. 31(9.
736 1.359.712
91*. 768
13.596
192,252
79.963
13.381
199.622
83.937
13.571
210,631
888
66.831*
63,208
71, 1*11
Sk, 506
6U.630
1*1*6
60.60l(
6,01(9
6,2U6
7,079
66,281
79,186
6,869
82.
7.1*77
90,188
7,031
93,21*7
8,228
63.557
83,076
6,631
66,552
76.228
6U,565
82,323
61*. 1*87
76,61*6
5.953
5.693
63.883
77.539
6.297
169.621*
190.366
153.891*
156,936
151*. 1*76
11*5.371
136,1*61
126,293
122,222
120.1*88
139.''73
6.1U5
8,606
177.209
7,329
306
6,63U
7,120
111,816
116, 368
7.23U
125.661
7.098
128.287
11(0.
30,990
90,732
28,238
68,721
20,91>*
89.1*35
1*3,926
1*3,1(21
22.81*6
87.1*76
1*5,019
20.650
91.181
1*5,901*
1*2,371*
1*1,301*
76U
35.950
150,316
11*5,986
156,300
51*,
5.1*1*5
5,201
128.975
11*0, 061*
6.33'*
158.1(01
163, 765
311,26 1*
33,665
61,785
33,890
32.51*1
29,225
«3.132
33.911
86,221*
35. 531*
32.71*5
69,666
1*5.376
31,81*8
62,1*88
11.21*1*
1*5,251*
52.0511
Hetherlands West Indies
and Sorinaffl
Panama
Peru
10,737
6,770
262.182
175,002
126,218
Cuha
Trench Vest Indies and
Oulana
Kazico
l*l*.2ltj
6,606
6.907
6,881*
166.263
1*7,1*61
9,28ll
81,1(61*
1*1.555
293.91'*
176. U59
73.365
Chile
Colombia. .
Coeta Blca.
1(0,083
1*7.881
58,1*79
22,896
17.121*
BraiU
25,921
5,538
6.963
281,567
216,071
37,551
160,237
1. 161*. 753
327
6.202
21*,
1*8,1*97
9,332
31.520
158.033
1.129.110
C«Tini<«
364.1*53
182,936
39,01*0
2,1*20,8118 2,1(05,1*68 2,1(16,856
360,667
167,556
269,61*2
1(6.385
1*5,171
553.759
396.293
865
1*5,166
217,968
187,118
K0,6U6
5.671
50.293
630,1*99
181*,
228,051
182,673
215,607
236,635
220,563
21*0,599
8.599
5.753
52.e2U
679.0"*5
165,029
U5.I(6U
213,306
193.987
36.576
252.039
12,811
5,785
51,738
707,691*
310,01(0
I8i(,36lt
209,321*
199,929
39,355
157,726
699.617
327.256
182.997
72,1*80
22, 359
208, 802
252.1*67
March
71.108
22.311
208,779
19U,65g
35.360
Soitierland.
Psbniary
70,790
70,371
22,277
63,171
53,886
22,938
66,097
22,853
A^adfln.
JaaUAXT
70,977
65.360
23,023
60,507
1*9,1*86
7.051
Deeaabar
68,669
61, 980
22,853
56,581*
1*3,926
19,31*5
53.655
20,070
6.679
HoTeobor
69.96'*
19,10U
27.291*
Oetoter
819,880
9,297
Busanla.
%>aln...
S.
SaptOBber
1*2,853
36.0UU
18.573
Netherlands.
Horway
Portugal
S.
Mar
August
52.1*73
39.1*35
18,1*62
50,6211
Greece
Italy
Luxembourg.
n.
July
31.529
89,616
35. 750
7,335
7,620
158. 720
161*, 1(1*9
31.692
87.613
38.770
32,919
89,072
38.797
90,1(61
1*2,625
1*3,01*1
1(1*,
327
1*8,1*52
.38.323
138,611*
136, 105
138.33"*
161*,
33,598
6.582
729
1*1,875
Venezuela
Other lAtin America*.
129,891*
Total Latin America.
961*. 012
993,1*65 1,035,026 1,076,901 1,100,725 1,087,356 1,110,567 1,097,71*0 1,0115,71*3 1,01*6.1*1*2 1,050,91*0 l,ol(3,l(«9 1.093.952
551.353
516,911*
27,1*1*0
21,661
27,156
21,608
21,250
23,187
886
Asia
China
Trench Indo-Chlna.
Hong Kong
India. Burma, end
Ceylon
British Malaya
Jiq>an (incl. Korea and
Manchuria)
Netherlands Sast
Indies
Philippine
Islands 1/
Turkey
Other Asia
Total Asia.
.
Other countries
Australia
New Zealand
Ileypt and Anglo-lgyptian
Sudan
Trench Morocco..
Union of South
Africa
All other
Total other
countries
Unidentified
Grand total 1/
1/
1*9,1(05
'^:^?
136
1*1,1*83
i-iK 759
50,213
131*. 9U7
511,735
27.533
21,857
519,615
27,510
22,023
501. Ill
901
26,621
816
23,232
951
1*.032
1,016
1,002
116.1*56
115,117
1*22,609
50,1(08
117.785
51.613
80,938
80,098
11*5.276
576,666
27,560
21.738
568. I6I
591.685
27,523
21.731
581, 380
27,607
21,862
21,099
911
25,250
26,857
920
33.2I3
987
31, 561
918
1,066
1,322
3.911
1.211
1.158
117.618
111.257
112.616
108.775
99,296
10U,1l7
103.758
118,836
50.731
79.376
531,905
51,536
68,609
528, 775
5IO.I70
51.176
71.195
612,115
50,175
76,665
615,131
659. 716
50,1*61
83, 7I7
17,186
72,997
27.518
21.918
50.833
69.633
lUi,'
582,276
28,036
27.355
756.256
26,196
30,167
737,967
31.550
31,828
732,087
37,928
31,801
33.380
1,201
29,367
1.657
36,729
1,611
25.651
1,032
1,077
1,137
3.983
3,653
3,805
113.726
110,013
100, 7I5
99.028
629.175
52.177
77.959
612,797
57,275
75,119
635.693
596.121
66,067
86,336
27,500
22,115
62, 1611
78,365
1,171
1.299.113 1,320,225 1.319,195 1,360.707 1,311,802 1,132.691 1,510,512 1.563.116 1,551.351 1,519,722 1.735.132 1.723.576 1.665,598
3l,6W*
1,090
31,186
3,621
32,029
3.533
30.657
3.329
27,827
3,330
27.559
1.572
28,196
3.070
29,005
3.737
30,151
1.303
28,911
1.256
29.593
l.oli
26,078
3.963
21.323
3.765
8,951
9,761
9.528
10.973
10,8l3
13.597
13,609
17.292
19.627
18,895
19.359
19.585
18. 923
3.901
1,118
1.276
3.637
3,961
1.711
5.792
7.679
9.363
9,973
9.686
10.117
10,311
7.117
6,013
68. 576
6,106
70,128
1.733
73.396
761
79.838
6,1(02
68,021
7,106
67.302
89.982
6.118
112,813
6,0l8
96,081
6.351
96,181
6.291
95,110
9.097
103, 109
9. 160
100,502
op
126,127
123,965
125,130
121,110
136,071
119.351
176,971
167, 576
161,606
161(,U10
171,919
167,311
17.501
17.652
17.595
17.252
17.080
16.396
I7,ll8
17.610
18,088
17,161
16, 721
17,732
16,302
127,
5,957.917 6,028,010 6,073.950
6. 109.
Adjusted to Include Philippine Oove rnment accounts with the U.
See "Treasury Bulletin', July I9I16 page 69 for details.
5.
551 6,581.761 6.660.933 6,780,693 6,952,186 6,861.128 6. 883.068 6,973.271 6.870.302 6.812.303
S.
Trea-'iry.
August 1946
85
Capital Movements Between the United States and Foreign Countries
-
(Continued)
Section III - Details for Month of March 1040
Table 1.- Short-Tera ClalBs on Forelgnera as Reported by Banks
and Bankers in the United States
Treasury Bulletin
86
Capita 1 Movements Between the United States and Foreign Countries
Section III
-
-
(Continued)
Details for Month of March 1046 - (Continued)
Table 2.- Short-Term Liabilities to Foreigners as Reported
by Banks and Bankers In the United States
August 1946
87
Capital Movements Between the United States and Foreign Countries - (Continued)
Section III > Details for Month of March 1046 - (Continued)
Table 3.- Purchases and Sales of Longr-Terin Securities by Foreigners as Reported
by Banks, Brokers, and Dealers in the United States
(In thoutandi of dollara)
8!S
Treasury Bulletin
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 1.- Net Position by Countries
*
August 1946
S9
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
(Continued)
Table 2.- Outstanding Fomard Exchange Contracts
(In thouBandi of dollars)
CurroBcj of:
ContractB as o! ond
of Booth
Xuropa
(oontlnuad on following page)
Qrand
total
Total
Europe
United
Eingdon
Belglu
Oomany
Ital7
latharlands
Purchase contracts
Total!
ig^-iprll
Haj
no
3.39T
5.661
912
763
June**.*******
li.39't
715
July
Aucuat********
Septsabar
6*088
2,l<5't
5,105
10,397
2.338
5,006
10.107
1
«.39'»
12,901
13.605
12,391
12,800
13.375
12.190
1
1
ll.lM
11.193
12,589
lU.656
13.276
ig.ta
October**
HoTOBber* *****
Seoeaber******
21, 996
l«.9>t3
19.9U6
20,190
19U6-^anuary*
february
March
20,'t33
12,781
1U,663
316
377
237
188
79
1
1:
?roB foreign custoaarst
19U3.^rll
1,63U
Hay
Jun«
337
302
383
3.5'io
115
80
161
*..
2,817
July
2,lU9
68
68
August* *******
SeptoBber
2,'»o6
WtJ
911
1*3
October
*
HoTOBber
DecaBber*..***
2.339
19'*&-January* ******
Tabruary* .....
2,575
721
2.0't3
619
822
619
712
2,267
950
8ll0
2,227
1,550
1.072
1^3
Ueo
313
"53
U80
1,763
2,121
1,577
575
U61
332
295
*****
July*
Auguat
*
Setpteaber*.,.*
3,939
5,988
10,701
2,386
U,e62
2,270
1
'»,563
1
9,>t86
9.386
1
October
HoTaaber
Deoeaber
17,082
19,953
16,676
12.282
12,783
12,181
12,663
11.350
1
1
March
313
FroB doBeatic eustofflers
19U5-JlprIl
Nay
June
*
*
*
19U6-January
rebruary
March
17,719
lS,6>tO
*
19,361
Totals
1911^- April
May
June. .*.*
July
August
Septeaber*
-
. * .
October*...***
HoTeaber* .. .*
Deceaber
.
19^6-JanuaJ7* * * * * *
f ebruaiy. ... * *
March
To forel^a cuatoaerst
19lt5-Aprll
May
Juna
July
August
Septeaber
October
*•
Voveaber
*
December***.**
I9U6- January
February*
March
To doaestic cuatoaersi
19ll5-Aprll
May
June
July*
AngoBt**..****
Septeaber* ... *
October
HoTeaber* * ... *
Deceaber*...**
19^^ January
*•
February* ... * *
March
11,IH»1
10.991
12.301
350
lit.
236
216
10,7'to
12.109
lU,3l»3
171
122
13
237
237
237
Portugal
Spain
Treasury Bulletin
90
Position
m
Foreign Currencies as Reported by Banks and Bankers in the United States
(Continued)
Table 2.- Outstanding Forward Exchange Contracts - (Continued)
(Zn thoiuandf of dollars)
0iuT«nc7 of:
Auropo - Coontlimod)
Contract* as of ond
of aoatli
airitnrlaad
Latia
Anerlca
Othsr
lurop*
Japan (InTotal
4sla
Oldiu
EoK
teat
toroa and
Manolnrla)
OtbsT
iaia
All
othar
Atrohaae oontracta
Total:
Ijlt^-Aprll
17
An^Bt
Beptesber
82l»
1.309
1,2S7
1,300
380
82l>
1,230
1,20k
<2k
l,20>t
380
380
380
1.531
1.531
992
1,997
1,385
1,626
380
380
2
990
1,237
1,283
1.309
380
380
380
82>l
82lk
1,287
1.287
1,J00
1,230
3»
82l»
380
380
82>t
82lt
l,20>t
1,20>>
380
380
380
82>t
17
>»
Inlr
380
380
380
1)90
17
17
17
1.301
1.305
1.331
750
129
Jnna
"V
380
380
86l»
6
2,Z19
750
129
2.19^
1,868
129
129
190
3
October
lOTBBber
Seceater
5.156
5.618
3.711
l^k6~J axaiBXT
Vtebmaiy
Haroh
H.909
3.100
1.53*
1.531
3W
3«o
82U
82>l
«2*»
82lt
i>i9
131
35
103
82>t
8ek
65
52
IP
961
Trom forel^ oaBtomara:
19lt5^/^Inl
60
>hy
Jvno
Jnly
telnet
Sopteo^r
190
October
Horember
December
665
5H7
235
129
129
igU6-Jaimar7
1.77'»
Vbbmarj
997
703
73
Karob
Froffl
82U
129
82lt
82ll
61
1(2
52
domeetlc castoDera:
IStaS-Aprll
HV
June
July
te^ast
Saptember
17
17
17
1,076
1,638
1,223
6lt
17
1.531
1,321
1,192
22
October
VoTember
December
5
20
l>.666
5,601
3.666
1,531
1.531
9*8
Salae oontracta
30
30
30
3,2U
Jvna
July
30
1.592
••ax
ia^at
October
BoTember
»,729
30
30
Etoceaber
l^U^-January
To foreign ouetanars:
19lt5-Aprll
71
18
Hay
June
I16O
Joly
Angnat
September
73
October
BoTembar
December
Ao
AO
Ijl^S-Jonaary
fcbroaiT
March
May
Jane
Jnljr
M^st
8I10
30
30
30
30
19U$-Janiiar7
Ibbraary
Haroh
I.816
3.193
8.1)66
').51?
3.97»
September
October
HoTenber
Deceaber
7.565
8,077
8.569
10.669
8.967
I.SOS
Vebmary
March
To doneatlc caetoaere:
19U5-lprll
1,890
8.926
3.97't
Saptember
').720
30
30
131
35
38
1.53*
1.531
3,100
19U6-Jaimar7
Itebmary
Harch
Total:
19lt5-lprll
U2
22
22
7.565
7.81)9
7.729
9,829
8,127
l),508
88
223
328
923
126
328
779
97
ihi
p
65
. .
.
.
.
August 1946
91
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
(In thousands of dollars)
0arT«a07 o^=
Transactions
daring aonth
lorope
^eontinaed en folloirlng page)
Or and
total
Total
United
ftirop«
Cn£doa
Prance
^irohasea
Total porchasee:
1945-Aprll
Spot...
^rvard
Kay
St>ot
.
.
Ibrv&rd.
—
Jn«
Spot
Vorvard
Jtdy
a^ot
Ibrvard
in^st
Spot
Torward
Septeober
Spot
.
. .
fbrvard
October
BoTenbar
%>ot
Ponrard.
%)ot
.
.
.
Porward
XtBCenber
Spot
l^nmrd.
19lt6-Januar7
%ot
forward.
Pebroary
Spot
Porvard.
Ifarch
%>ot
Porvard.
Pnrchaeea from
.
.
.
'baidcfl:
X9U5-^ril
M^r
Jnne
July
%>ot
Ibrmrd.
S^t....
Spot
Porvard.
^ot
Ibrvard.
Angast
%>ot
Ponrard-
Septeaber
Spot.
Ibnrard.
October
Spot
Pbrvard.
loTeaber
.
.
Spot
Ptorvard.
DecaDber
%ot
.
. .
Porvard.
19U6-Januar7
Spot
.
Porvard.
.
.
Pebroary
Spot
Pbrvard.
Karob
%>et . .
Porvard.
.
.
.
.
Purchasoe from otliars:
19*»5-AprU
%K)t
Porvard.
Kajr
S^ot
Jbrvard.
JHna
.
%>ot
I^rvard.
Jalj-
%>ot....
Porvard.
iagnst
Spot .
Porvard.
Scptonber
%}ot
Ibrvard.
October
Spot....
Pbrvard.
HoTeoiber
. .
.
.
Spot
Ibrtfard.
Deceabar
ISHS-Jamiary
Pebru&ry
March
Spot.
Ibnrard.
.
.
%>ot
Pbrvard.
.
.
.
%)ot
Ibnrard.
%ot
Porvard.
'*5.759
Balglim
OenuoQr
Italy
letherlandfl
Portu^ftl
Spain
Treasury Bulletin
92
Position In Forel gn Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3«- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
-
(Continued)
(In thousandi of dollara)
Currency of:
Surope - (continued)
Alia
Trantactloas
during month
Swl tsar-
land
Total purcbasea:
1945 -April
May
Spot
Forward.
Spot ....
Forward,
June
Spot.
July
Spot.
Forward.
Au^at
Spot.
.
.
Forward.
.
.
.
.
Forward
September
Spot.
. .
Forward.
Octo'ber
Vovenber
Spot. . .
Forward.
Spot.
. .
Forward.
December
19^^Januar7
February
Spot.
. .
Forward.
Spot. .
Forward.
.
Spot.
. .
Forward,
March
Spot....
Forward.
Purchases from banks:
19U5-Aprll
Spot
Forward.
May
Spot
June
July
Au^Bt
September
Forward.
Spot....
FoTvard.
Spot....
Forward.
Spot. .
Forward,
.
Spot.
.
.
Forward.
October
Spot.
. .
Forward.
Uovember
Spot.
December
Forward.
Spot....
Forward.
19^^ January
February
March
Spot.
.
.
. .
Forward,
Spot...,
Fonrard,
Spot.
. .
Forward.
Purchases from others:
19^-Apm
May
Spot
Forward.
Spot
Forward.
June
Spot,
July
Forward.
Spot....
Forward.
August
September
, .
Spot,...
Forward.
Spot.
. .
Forward.
October
Spot.
Forward.
Hovamber
December
19^^ January
February
March
Spot....
Forward,
Spot.
.
.
Forward.
Spot....
Forward,
Spot....
Forward.
Spot .
, .
Forward.
328
Other
Europe
Latin
Aserlca
Total
Asia
Japan (Including
Korea and
Manchuria)
Other
Asia
All
other
.
.
.
.
,
August 1946
93
PoBltlon In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 3.- Purchases and Sales of Foreign Exchange fSpot and Forward)
-
(Continued)
-
(Continued)
(id thousands of dollars)
Currancy of:
Xurope
(continued on following page)
Grand
total
Transactions
during Bontb
Total
Dnl tad
Zuropa
Kingdom
BelgluB
Geraany
Italjr
Hetharlands
Total sales:
19115 -Jlprll
May
Spot.
..
115, 85 It
Forward.
Spot... .
Forward.
3.172
.
53.9*
6,Ul*l
20.067
197
23.561
1,506
15.131*
197
16.825
1.506
21.28U
236
ll«
572
llt2
July
Au^st
September
October
Movenber
DeceBber
ISl^S-January
fabnury
Harcb
60,93s
11,020
28.3llt
82
256
Forward.
June
U95
1*95
Spot.
5't,6l3
31,826
2,592
30,109
3.156
U6.87t
2lt.llt3
106
581
2.592
20.791
3.139
270
383
It0.1t21
118
267
Spot.
.,
..
Forward.
Spot... .
Forward.
Spot
Forward.
Spot
Forward.
Spot....
Forward.
Spot...
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
7,3'«
53.167
6.298
75,980
9.626
78,309
15,307
83,516
17,775
5M9
5.1*18
37.995
8.105
2g.8lU
7.712
261
19.663
9.091
51.857
7.96U
It0.1t32
31*3
516
36t
96.696
23.782
98,862
I9.29U
53.2't7
13.15't
1*3.318
867
583
61*.
621
12.200
13.051
55.683
12.200
598
517
127. 5*18
68.09't
55.372
739
729
958
l'i.937
85. 'tis
23.695
lit.
18.000
1,031
21,137
1.325
22,715
2,132
22,851
2,889
22,635
2.180
U5,818
7.532
n't
9.599
282
10.895
83
12
212
8.958
1*1.192
7.209
It
2
Sales to banks:
19145-Aprll
May
June
Spot....
Forward.
Spot....
Forward.
Spo
t
.
. .
Forward.
July
Spot..
Au^st
Forward.
Spot....
Forward.
September
Spot
October
KoT ember
December
19146-January
February
March
Sales to others:
19'45- April
Hay
June
July
Au^st
September
October
Nov saber
December
19U6-January
February
March
.
Forward.
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
Spot...
Forward.
Spot....
Forward.
Spot..
Forward.
26
6.639
lilt
8.259
282
9.1*32
319
12.590
1.399
10.951
1.71*1
26
8
35
13
181
319
1U.U65
1.399
13.309
192
1.71*1
g
16
25.715
3.905
13
ih
73
UO
1*23
12.97"*
't.077
33.132
8,010
17,885
15.208
75
77
5.2'*8
5.21*0
3U,lt99
18,922
5.112
15.551
It. 720
16.195
3.877
21.672
6.110
290
75
82
U
17
106
271
22.997
177
250
lt,806
3"*, 291
8,129
8,259
37.088
6,220
27.278
3.905
15.775
It,
19.137
3.980
36,936
7.919
52.259
13.510
2I1.50'*
8. '•70
8.1*51
Spot...
Forward.
Spot...
Forward.
Spot...
Forward.
27,S5'i
12.535
8,it95
2,litl
83
83
32.827
5,116
38,223
8.888
13.962
Spot...
Forward.
Spot....
Forward.
31.762
.
Spot.
. .
Forward.
Spot...
Forward.
Spot....
Forward.
Spot
Forward.
Spot..
Fo rward
.
Spot....
Forward.
Spot....
Forward.
6.110
27.158
236
20
380
116
1.22lt
1.22lt
17.1*19
11.852
176
71*
221
11.553
1.193
93
'too
30.532
17.361
1.193
16,800
9. alto
262
367
"t.iia
1,1*15
1.398
32.162
It. 820
19.596
lit.706
105
253
1.511*
1.513
ltlt.018
15.8lt0
188
"3
3.635
12
50.3*
22.220
3.682
31.778
25.22lt
268
135
9.765
3.81*3
226
289
7«
566
1*92
2l|6
562
1*79
'*.'<53
7.178
50.93'*
11.081
59.6O8
17,562
61.926
11.375
75.289
10.135
176
32.935
2.852
31*. 110
8.566
3.
718
25.6iti
2,!»89
27.123
9.171*
9.I7I*
110.117
Slt.Oll
6.090
6.090
ltO.936
6,lt88
32.375
6.!t86
2
11
Portugal
Spain
Treasury Bulletin
94
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
-
(Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
(In thouaandi of dollari)
Cnrrenoy of:
Suropa - (contlnusd)
Alia
Transact Ions
during BO nth
Canada
Switzerland
Total salee:
191*5- J*rll
303
Spot.
Forward,
.
Other
Xurope
3.509
126
131
May
Spot
forward,
1*79
't.652
June
Spot
Forward,
833
>«,888
Ikk
July
Spot...,
Forward,
768
5.OU7
207
Spot. .
Forward,
1.315
Spot....
Forward.
661
August
Septsaher
.
Spot.
,
Latin
America
Total
Atla
Japan (Ineluding
Korea and
Manchuria)
All
Other
Asia
other
18.293
2.775
21.702
3.791
3.972
29
769
769
11*3
11*3
865
168
865
168
3.399
976
23.853
i*.oee
933
933
90
815
3.750
3.358
2,753
28
10,39't
U.lt89
l't7
815
1*87
15.987
2.991
2.728
985
110
985
Ul
21.6'tU
2. '•17
1.27"*
1.27't
't.052
169
90
3.591
l*.233
6,189
17
'*i
15.078
88
lt7
U7
20
1.331
56
1,220
".635
3.303
30
110
3.771
5 579
180
31,202
6.956
3.11*6
187
1.331
56
5.723
26U
2lt,2't3
>*.'*eo
1.220
Forward.
1.31*7
8
8.328
Spot...,
Forward.
1.132
52
5.725
1.65'*
23, '472
10,17't
356
3.Wt5
1,015
2.800
122
2.800
122
3.859
65
Spot
Forward.
1.751
99
5.3*
21't
'•,510
''.795
''.795
'».528
1.262
2U
1*982
U.663
19't
6,281
6.272
2.008
't.177
1»,'.37
969
5.100
630
1,262
Spot. . .
Forward.
29,616
8.373
18.683
Spot. .
Forward.
2.319
6.759
670
1*1,1152
'*.387
5.170
6,557
8,1*5
1.752
8. '11*5
1*28
Spot. ...
79
8.752
868
'*23
29
29
1.261*
9.61'*
235
82
3U
82
1.607
316
132
132
1.550
268
126
126
1.216
311
209
209
l.''5l
292
170
170
1,891*
15.799
3,703
12,618
2.762
387
218
218
2,112
302
163
163
2,l61*
250
250
2,278
6O8
6O8
2,691
1.577
431
1.577
U31
2.I103
1.1*00
1.1*00
3.065
530
530
..
Forwcu*d.
Spot,
December
19U6-JaBUJir7
Tehruary
,
.
.
Sales to hanks:
19U5-Aprll
l.7»*6
31*6
662
19
"tn
17
Forward.
May
lUs
611
26
Spot
Forward.
250
796
36
July
Spot....
Forward.
361
761
76
Axigust
Spot
Forward.
783
882
50
Spot....
Forward.
Spot....
Forward.
398
Spot.
.
.
Forward.
Septeaber
Sales to others:
191*5- April
.
759
19
1.023
5^
lU,18'*
6U
1.018
>t88
12,'*56
593
3.11*2
5
877
182
61U
8
899
99
1.311
1.9
13.775
2.058
1.076
I.0U6
36
1.076
19
1.781
67
7,838
1.378
20 ,11'*
221*
3.098
109
9.5'»l
3.51*9
71IO
7'*o
8
i'*3
11*3
202
976
3.772
783
135
13''
801
801
2,200
July
2,087
331
U.oUl
105
1,907
12,088
2.782
5»3
'1,092
108
ll*,031
Spot.
li07
U,286
131
Spot.
.
.
.
.
Spot.
. .
Septenber
Spot....
Forward.
Spot
Forward.
Spot. ...
Forward.
Spot
Forward.
783
1.792
263
996
t.556
136
658
''.523
200
128
1*1
90
8.302
2,758
8.632
2.552
3.323
689
90
689
1*1
776
110
776
110
7.'t60
2.125
1.10'*
l.lOll
3.151
119
5.307
17
3.730
532
Forward.
October
I*.
1.1*89
8,581
Forward.
August
522
'*.510
Forward.
Spot...
Forward.
May
3
1,200
392
667
Spot. .
Forward.
15
7,355
901
689
Spot....
Forward.
Spot....
Forward.
Spot....
Forward.
3'«
1*39
Spot....
Forward.
February
28
21
1,009
9,822
1,813
6,776
19
1.752
1,'*75
Spot...
Forward.
19U6-January
2,008
3
3.910
88
1*7
1*7
15. '•03
2.759
187
1.113
56
1.057
1.113
56
1.057
2.523
2.852
1.010
2.550
2.550
122
'.187
1.262
'*,187
1.581
65
1.837
3.253
11.625
5.566
11.016
7.032
1*87
2.'*17
't.178
15
1.907
1.877
20
l.7'»6
356
>K^
52
't.707
Spot....
Forward.
852
'',073
1.166
270
165
15. 81*1
6,315
3.633
787
1.262
2U
February
Spot.
..
906
3.617
158
10,81*5
'*.'*86
U,70l*
"*.695
1.771*
3.059
I.2U3
't.978
603
21.338
630
3.865
1.577
March
Forward.
Spot
Forward.
19
2.105
2.01*7
>*28
1.222
1.577
7.0U5
1,222
19U6-January
.
122
7.01*5
BUY
AND
HOLD
UNITED
S
TAT
E
S
SAVINGS
BONDS
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1946
C.2
'
1
jiiiiiiiiiiiliiiiSii
'
1
1
tMntiMmmaAi t'itii^taktii
0031947
@FedFRASER