Full text of Treasury Bulletin : August 1947
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FMEAmiW.
BUILILETm
AUGUST- 1947
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETRRV
August 1947
Table of Contents
Page
Cumulative table of oontents
Article seotlon:
Financial operations of the United States Oovernment,
fiscal year 194-7
Treasury market financing
Statistical section:
Summary of fiscal statistics
Receipts and expenditures
Note:
11
A-1
A-5
1
k-
General fund of the Treasury
l6
Public debt and guaranteed obligations of the United
States Government
19
Ownership of United States Government securities
46
Prices and yields of Government securities (Including
seourltlea Issued by Federal agencies)
54
Internal revenue etatletlce
6l
Monetary statistics
66
Capital movements between the United States and foreign
countries and net position In foreign currencies
73
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 1947
111
Cumulative Table of Contents
-
(Continued)
Issue and page number
igit?
Au£.
Jul/
June
Hay
i$hi
^r.
Mar.
7et>-
Jan
Dec.
Hov.
Oct.
Sept.
Summary of fiscal atatlBtlce
Bud^t receipts and expenditures.
Public debt and guaranteed obligations outstanding.
Means of financing cash requirements
Receipts and expenditures
Budget receipts and ezpendl turee:
Changes In classification of expenditures In Treasui? reports effectl»e July 1
ISUS
Summary by major classifications
Analysis of receipts from Internal revenue
Analysis of general expenditures
Analysis of expenditures for national defense and related activities.
Analysis of expenditures for transfere to trust accounts, etc
Analysis of expenditures of OoTernment corporations (wholly ovned).
,
etc. (net)
Total budget receipts and expenditures by months and calendar year*
beginning wl th:
January 1938
January 1937
Trust accounts, etc.,
receipts and expenditures.
8-9
8-9
8-9
8-9
9-10
10
10
10
10
11
Means of financing cash requirements
11
11
11
11
12
Social security program:
Budget receipts and expenditures:
Social Security Act
Sail road Betlrement Account
Railroad Unemployment Insurance Act
Statements of trust accounts;
federal Old-Age and Survivors Insurance Trust Tund.
12
13
13
12
13
13
12
13
13
12
13
13
ll*
lit
lU
lit
ll*
15
Ik
lU
lU
lU
lU
lU
ll*
11*
15
15
15
15
15
15
16
15
15
15
15
Railroad Retirement Account
Unemployment Trust fund
Cash Income and outgo of the Treasury:
Analysis by major classifications
Total cash Income and outgo by months and calendar years beginning with:
January 191*2
January igUl
ll*
'16
general Fund of the Treasury
Assets of the General Tund.
17
17
17
17
18
Balance in the Qeneral Tund
17
17
17
17
18
Analysis of change in balance of General Fund.
18
18
18
18
19
20
20
21
22
23
23
2U
21
22
23
21
22
23
23-2lt
'2U
'2U
21*
21*
.
.
Public debt and guaranteed obligations of United States Q-ovemment
Public deot and guaranteed obllgatione:
Detailed statement:
riscal years 1937-I9U6
Monthly data
Chart
Special issues
Guaranteed obligations held by the Treasury
v
Computed interest charge and computed interest rate
Statutory limitation - statement, au of:
July 31 191*6
August 31, 191*6
September 30, 19lt6
October 3I, 191*6
Hovember 30, 19I16
December 3I, 191*6
January 3I. 191*7
februaiy 28, 191*7
March 31. 191*7
21
22
23
23
21*
^rll
30.
25
"26
26
27
,
May 31,
22-23
25
25
25
25
25
25
25
25
191*7
25
25
191*7
June 30, 191*7
25
Issuance and ivtlrement of the public dabt
26
26
26
26
26
26
26
26
20
20
21
Composition of the interest-bearing public debt.
26
26
26
26
26
26
26
26
20
20
21
Maturity schedule of Interest-bearing public marketable securities Issued
by the United States
27-29 27-29 27-29 27-29 27-29 27-29 27-29 27-29 27-29 26-28 26-28
(Continued on following page]
:
Treasury Bulletin
Iv
Cumulative Table of Contents
(Continued)
-
Isaue and
pa^
muiber
I9U7
Aog.
Julj
Jxins
Nay
Offsrlaga of marketable Issuea of Treasiuy bonds, notes, and eertlfloatea
of indebtedness
,
30
30
30
30
Disposition of Batored aarlcetable issues of Treasury bonds, notes, and
certificates of Indebtedness, and guaranteed aecurltles
31
31
31
31
I9U6
Apr.
Har.
f«t.
30
30
31
31
Dae.
Sor.
Oct .
Sept.
30
30
29
29
31
31
31
30
30
32
Jan,
Public debt and guaranteed obllgatlona of United States Government
continued)
(
Offerings and maturities of Treasury bills.
31
32-33 32-33 32-33 32-33 32-33 32-33 32-33 32-33 32-33 31-32
Sales and redenptioDS of United States savings bonds:
Summary of sales and redemptions, by series
History of sales and redemptions
Sales by series, classified by denominations
Number of plecea aold, clasaified by denomlnationa.
Sales by aeries, olasaifled by Statea
Bedemptlons of series A-X, clasaified by States....
3"
3^
3'»
3''
3^
3't
3"
33
35-37 35-37 35-37 35-37 35-37 35-37 35-37 35-37 35-37 3''-36
38
38
38
38
38
38
38
38
38
37
}^
?9
Uo-ui llO-W
le
Sales and redemptions of Treaetiry savings notes:
Summary of sales and redemptions, by series
Sales and redemptions of series C Treasury a*Tlii^ notea
Sales and redemptlona
Sales by denomination
Sales by type of purchaser
'*3
?9
ltO-«l
1)2
"•3
Us
"2
hi
'»3
'»3
"3
144
Ult
?9
?9
140-1(1
Il0-«1
1»2
Its
31-32 33-3't
MO-W 39-So
U2
Ul
3'*-
33
35
36 36-38
37
39-So
Itl-ll2
kl
"3
ItU
'•3
Ult
!2
ItU
52
"•5
"5
ItU
Sales and redemptions of United States sarlnga staBpsi
SufflBary of sales and redemptions
Sales by denominations
U6
U6
Ownership of United States Qovemment aeourltles
Summary distribution by classes of holders
Ug
Estimated ownership by classes of banks and non-bank investors.
U9
Ket market tracBactions in Oovemment securities for Treasury Inveatmeut
accounts, monthly beginning:
January I939
January I938
TreaBury •urray of ownerehlp of •corltleB leaned by the Uolted Statee
GoTemment and by Federal a^QCleei
Ovnerehlp by baJike and Ineurance coapanlei:
June 30, I9U6
July 31, I9I46
Aneuet 31, I9U6
Septeaber 30, 19>t6
October 31 , I9U6
Noveiber 30 19116
Becembor 3I I9U6
January 31, 19't7
Tobruary 28 19U7
March 31, 19U7
April 30, I9U7
May 51, 19't7
kg
k7
kl
19
50-5'*
lt8-;2
l»g-52
"•9-53
"•9-53
'19-53
,
''9-53
,
"•9-53
•^-53
,
>i9-53
"•9-53
'•9-53
Ovnerehlp by coaaerclal banks olaesiflad by emberehip in federal
Reeerre Syetaa:
June 30, 19't6
Septeaber 30, l^Ufi
Eeceaber 3I , 19tt6
March 3I, 19ll7
55-59
5M8
SM*
5^51
Prices and Yields of Government Beouritlea (including eecurltieB
Issued by Federal ap:encle8)
OTer-the-counter cloela^ quotations and price history for public aarketable securities issued by the United States Oovernment and by federal
Bcencleel
July 31 I9U6
Au«UBt 50, I9U6
Septeaber 30, I9U6
October 3I i9U6
Hoveaber 30 I9U6
Decesber 31 19lt6
January 31, 19U7
February 28 I9U7
March 31 1947
April 30, I9U7
May 31, 1917
June 30 , 19U7
61-63
,
5lt-56
511-56
60-62
,
55-57
,
55-57
,
60-62
55-57
,
55-57
,
60-62
55-57
55-57
Chart Bhowln£ yields of Treasury securities
58
Average ylelde of long-tera Treasury bonde and high-grade corporate bondst
BeTlslon In high-grade corporate bond averaga
TleldB beginning with 1939
Yields beginning altb 1938
Chart
59
58
S3
58
58
6k
59
59
60
60
63
58
58
63
57
57
ek
65
60
61
(Continued oa follovtng page)
66
August 1947
Cumulative Table of Contents
-
(Continued)
Issue and
pa^
Q-tmbflr
19^
19U7
Au«.
Jul7
Juna
Ma/
Apr.
Mar.
Jan
Tab.
Dec.
Hot.
Sept
Oct.
Corporations and certain other agenolea of the
United Statefl Qovernment
Combined balance sheet;
June 30, 19116
61,
65-69
September 30.
19>46.
62,
66-70
Decesoer 3I.
19'l6..
62.
66-70
March 3I. 19U7
6T-7I
Loans outstanding, classified by t/pe of loan;
June 30. 19I46
September 30. 19U6
December 3I, I9I46
March 3I. 19't7
6S-6U
63-65
63-65
6it-66
Income and expense:
Fiscal year I9U6
rirst three oonths, fiscal year 19'*7.
rirst six months, fiscal year I9U7...
62-67
Sources and application of funds]
fiscal yt?ar I9U6
first three months, fiscal year 19U7.
first six months, fiscal year 191*7..
68-73
70-75
62-67
76-81
68-73
Internal revenue fltatletlca
Collections of Internal revenua:
Summary data
Chart
Comparative datalla for current perloda
6a
7U
bU-6'5
75
76-77
67
6«
69-70
76
77
78-79
67
68
75-76
69-70
76
77
78-79
67
68
61
62
75-76 69-70 6T-6U
8U
65
86-8 7
69
70
71-72
Monetary etatlstlce
Balance sheet of the Xxchaage Stabillxatlon Fund:
June 30, I9U6
September 30, 19U6
December 3!. igUS
March 3I, 19't7
Gold assets and liabilities of the Treaaurv
Increment from reduction in wel^t of gold dollar, cumulative to:
September 30, I9U6
December 3I, I9U6
March 3I, I9U7
June 36, 19i7
Treasury gold receipts, for recent Quarterly perloda
Monetary stocks of gold and silver
Components of silver monetary stock
Silver production in the United States and silver acquisition
by mints and assay offices
Seigniorage on silver
Money in circulation
66-67
67-68
83
69
89
83
69
71*
71.
75
75
76
77
Capital movements betveen the United States and foreign
countries and net position in foreign currenclea
Historical summary of net capital moveisent since 1935.
Summary by countries
Details:
April 19I46
76
8U-86
77-8U
87-9'»
71*-
77-79
80-87
88-90
91-98
83-85
86-93
77-79
80-87
88-90
91-98
63-85 ,77-79 73-75
86-93 80-87 76-63
Position In foreign currencies.
79-81
82-67
88-90
Mv
19"^
June I9U6
July I9U6
August 19U6
September I9U6
October I9U6
Bovembe r 19U6
December I9U6
January I9U7
February I9U7
March 19U7
9U-96
97-102
103-105
eu.86
88-90
91.-96
99-101
90
9U-96
99-101
90
95-97
85-87
88-9U
98-loU
91-97
97-103
91-97
97-103 91-97 87-93 106-112
91-97
A-l
Aaqust 1947
Financial Operations of the United States Government
during the Fiscal Year 1947
On July 2, I9U7, Secretary Snyder issued the press release (No. 8-385)
reprinted below, in which he reviewed the financial operations of the
United States Government during the fiscal year I9U7. Three tables attached
to the release have been omitted from the reprint, because the information
contained in them is largely available in the Statistical Section of the
Bulletin. These three tables were "Classified Statement of Budget Receipts
and Expenditures, Fiscal Years 19'*5-19'*7 " "Composition of the Outstanding
Public Debt",
and "Disposition of Matured Marketable Securities during
Fiscal Year 19lf7".
,
Secretary of the Treasury John W. Snyder an-
penditures,
net
receipts
were
nounced today that the Treasury closed the fiscal
same as in the preceding year.
year l^^l with a budget surplus of
sons
million.
$75*^
for
this
course, been
The Secretary
that this achievement of
said
a budget surplus In a fiscal year commencing only
ten months
after
completion of our military
the
victory was made possible by the untiring economy
Truman.
efforts of President
this occurred during
proportion of
was still occasioned by
in
the cost
liquidating
of
obligations resulting from the war.
The
Secretary Snyder
President,
constantly
taken
the
has regarded
gress
numerous
cases
rather
has
he
out
than
expenditures
President Truman has
taking office,
Congress
the
the
to
In
drasti-
Since
recommended
cancellation of
the fiscal year.
The funds granted
Treasury Department by Congress for this
extra effort have been repaid maiiy times over.
the
The
Con-
targets.
as
appropria-
Secretary
business,
tinue
high,
should maintain
we
the public debt.
icy,
he added,
amounted
ended
Just
This is a decline of
tures
of
fiscal
year
$63,
a
third
million
71'^-
and a
to
in
the fiscal
from
the
expendi-
during the preceding
nearly 60 percent
decline of
in 191^5.
transition from war to
peace continues to comprise a substantial proportion of
of
the
Federal expenditures.
Expenditures for
veterans (including terminal leave), for example,
amounted to $9,250 million in the year Just ended;
while expenditures for UNRRA, the credit to Great
Britain, Export-Import Bank loans, and subscriptions to the International Bank and Monetary Fund
amounted to another $5)915 million.
In
contrast
to
the
a
as
long as
income con-
tax revenues at
continued reduction in
The desirability of such a pol-
!b emphasized by the fact that the
and
is
continued
the
stability
of
cornerstone of our
national life.
$142,505 million.
from the wartime peak of $100,397 million reached
The expense
that,
and national
levels that will permit
the American economy
Total Government expenditures
declared
employment,
financial soundness
tions totaling over $65 billion.
year
of
President
the
cally below those authorized by Congress.
to
enue during
national safety
appropriations greinted by
the
have,
the Nation's recon-
Of great importance has been the Treasury
Department's vigorous enforcement of Internal
revenue legislation.
Secretary Snyder estimated
that the extra enforcement activities of the
Treasury yielded an additional $2 billion in rev-
ex-
with
the
success of
version from a wartime to a peacetime economy,
the continued high level of production and employment, and substantial receipts from the sale
of surplus property.
has
in
Whenever possible,
ceilings,
as
said,
cutting
initiative
penditures consistent
and welfare.
the
primary rea-
receipts
of
noted that
Is
which a
large
Government expenditures
total
the
It
period
a
maintenance
practically the
The
sharp reduction
in ex-
Ck)mpari8ons with April budget estimates
Receipts were $759 million more than the esby the President on April I9,
timates released
practically all of which was due to an unexpected
increase in miscellaneous receipts.
This resulted principally from a settlement of accounts
earlier than had been anticipated between the Re-
construction Finance Corporation and the Treasury
amounting to
$580 million, relating to sales of
surplus property and repayment of capital of the
Smaller War Plants Corporation.
Expenditures exceeded the April estimates by
$1,255 million, due largely to the payment by the
Reconstruction Finance Corporation to the Treasury in the settlement of accounts mentioned above
and to the fact that refunds of taxes were con-
Treasury Bulletin
k-2
alderably heavier than
Treasury,
of course,
had
been
has
no
control over the
amount of refunds which are required by law to be
but has endeavored to speed up the program
made,
as
much
as
possible
In the interest
of
tion of the payment of tax refunds during the
year resulted In substantial Interest savings to
the Treasury, the amount of Interest paid on refunds being $3.3 million less than last year.
Reduction In debt
During the fiscal year Just ended the public
obligations
held
Including guaranteed
was reduced by $11,522
outside the Treasury
million, of which $75't million was the result of
debt
—
—
The total amount outstanding
the budget surplus.
This compares
$256,376 million.
with $279,764^ million at the postwar peak which
was reached on February 2g, 194^. The major part
of this reduction In the debt has been accomplished by reducing the Treasury cash balsurce
from its postwar peak to Its present level. Fuon June 30 was
ture reductions
in
the debt
can
peak has
entire decline
been in
system.
in
the debt
the holdings of the
Holdings of debt by
nonbank investors as a whole have remained practically constant. This concentration of debt reduction in bank holdings has been in accordance
with the Treasury policy of spreading the ownership of the debt as broadly as possible, and has
helped to alleviate inflationary pressures during
This debt reduction
the
reconversion period.
program was made possible by the Treasury's policy of maintaining a substantial portion of the
debt in short-term securities.
This policy maintained the liquidity of
banking system and put a large portion of
debt in a form in which it could be easily
tired.
As a consequence of the liquidity of
oanks' Government security portfolios,
the
the
the
rethe
large
turnover of funds incident to the debt reduction
program occurred without disturbance to the money
market. The reduction in the debt has naturally
resulted In a substantial decline
in
the propor-
tion of short-term securities, as well as in the
proportion held by banks. The two-fold character
this decline has consequently resulted in
keeping the maturity distribution and the form of
the debt well adjusted to the character of its
of
ownership.
fiscal
Budget results
Budget
$7511
exceeded
receipts
million,
as
expenditures
with
compared
a
by
deficit of
20,676 million last year.
Net receipts amounted to $'^3,259 million, an
Increase of $221 million compared with last year.
Total expenditures amounted to $'4'2,503 million, a
decrease of $21,209 million from the year before.
This Improvement in the Oovernment's budget of
accomplished notwithstanding
large items of
expenditure which were not in the figures for
1946, notably $1,426 million for subsoriptiors to
the International Bank and the International Mon$21,430 million was
that In 1947 there
etary
Fund
under
$2,050 million
Kingdom,
$837
were several
the
under
million
Bretton Woods Agreement,
the
credit
additional
to
the United
for
United
Nations Relief and Rehabilitation Administration,
and about $2 billion for armed forces leave.
penditures
the
the
of
A comparative table showing the trend of ex-
Practically the
since
analysis
occur only from
budget surpluses.
commercial banking
detailed
more
year's operations follows:
economy
The accelera-
and as a service to the taxpayers.
A
The
expected.
shown below:
during
the
last
3
fiscal
years is
3
August 1947
reduction during the year are indicated below.
A-
,
Treasury Bulletin
A-1+
Maturity Olaselfloatlon of Public Marketable Issues of Interest-bearing
Publlo Debt Outstanding on Specified Dates
(In millions of dollars)
Change
Maturing or
callable
Feb. 2S,
June 30,
June 30,
191+6
19«
19"+?
Prom
During
fiscal
year
2/2g/lv6
to
6/30/1+7
Within 3 months
3 months to 1 year,
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years. ..
Over 20 years
26,650
25,677
35,388
33,131
17,400
17,796
25,832
28,755
33,220
35,066
32,953
16,012
21,227
22,372
199,810
189,606
i*-o,9i4
.
Total
191+7
-2,699
-15,237
-2,105
-7.51+3
7.155
7.477
-13,929
-2,686
14,1
,405
-14,107
-4, 074
+9,280
-11,427
168,702
-31,108
-20,904
42,511
19,024
13,326
'".076
27;
076
5.849
-7,967
not reflect the full emnual Interest savings
which ultimately will be effected from debt retirements made during the year. In the first
the retirement of marketable debt Is the somewhat
higher average rate paid on new issues during the
place, there Is a time lag between the retirement
trust
of debt
and
the time the Interest savings become
effective; for Instance, only about a half-year's
Interest would be saved on debt retired In the
noticeable until
In
the latter
the
factor which tends
to
half
year following.
of
securities
funds
and
such as special Issues to
Oovernnent Investment aooounte
than the rate paid on the issues retired.
would not be
The effect of Treasury financing during the
year as it relates to the Interest burden of the
debt is shown in the following table.
It should
The second
be noted that the figures In this table relate to
first half of the year while the Interest savings
on debt retired
year
offset Interest savings on
computed annual Interest oheo'geB as
^f
Computed Average Interest Rate and Annual Interest Charge on Outstanding Public Debt
(Dollar amounts in millions)
a
specl-
August 1947
A-5
fled date and not to actual payments during any
particular year.
The principal reason why oomputed Interest charges currently exceed Interest
payments Is that accruals of discount on savings
bonds (included as payments) are still well below
the average annual Interest on such bonds If held
to maturity {Included as charges).
The over-all computed average rate on the
interest-bearing
public
debt
outstanding
on
June 30, ISkJ was 2.IO7 percent,
compared with
This Increase In the
1.996 percent a year ago.
general average rate was due to the retirement of
large amounts of short-term debt bearing rela-
tively low
Issue
rates
of
Interest, and the continued
nonmarketable and
hlgher-than-average rates.
of
special
issues at
General fund
The general fund cash balance at the close
of the fiscal year amounted to $3,308 million, a
reduction of $10,930 million during the fiscal
year.
Deposits with special depositaries on
account of sales of government securities (I.e.,
war loan accounts) decreased from $12,993 million
on June 30, iglt^ to $962 million on
June 30,
191+7,
a decrease of $12,031 million.
Treasury Market Financing
Historical details of Treasury market financing operations involving bonds,
notes, and certificates of indebtedness, beginning with the Fifth War Loan,
are pmbllshsd in the tables on pages 30 and 31. Details of weakly Treasury
bill offerings are shown on pages 32 and 33.
July certificate maturity
On July 1,
oertlflcatea of
lion, leaving
there was a maturity of 7/8^
indebtedness outstanding in the
Secretary of the
of $2,9l6 million.
Treasury Snyder euinounoed on June 23 the offering
amount
of a
new one-year 7/^^ certificate issue
par for par, for the maturing
change,
in
ex-
issue.
Cash subscriptions were not received.
The new certificate s were dated July 1,
will
19'4-7
mature
payable in full with the principal at
The certificates were issued in bearer
maturity.
form only in denominations of $1,000, |5»000,
will
be
$10,000, $100,000, and $1,000,000.
opened on June 23
end of business on
19'*^7,
Secretary Snyder anexchanges amounted to $2,7't'2 mil-
Subscription books were
and
were
June 25.
closed at
On July 1,
nounced that
million to be paid in cash.
the
Reports to the
Treasury on the ownership of
on Hay 31,
63^^ of the
maturing certificates was owned by reporting oomthe
debt
indicate
that
mercial banks and the Federal Reserve Banks.
The
May 31 figures &re the latest available.
Treasury bill retirement In June
They will bear
July 1, 19't^.
interest at the rate of J/S^ per annum which will
be subject to all Federal income taxes.
Interest
and
$17'(-
19't-7
The Treasury Department made a further reduction in outstanding Treasury bills in June.
There were four maturities of $1.3 billion each
during the month of June.
these were refunded in full,
The
first
three
of
while the issue ma-
turing on June 26 was reduced by $.2 billion.
Bill retirements from April 17, when the first
bill reduction took place,
through
June 30
reached a total of $1.3 billion. A more detailed
discussion of bill retirement and the entire debt
pay-off program was presented in the 'Treasury
Market Financing Article"
the July 19't-7
in
"Treasury Bulletin".
August 1947
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
2
Budget Receipts and Expenditures
(In Billions of dollar*)
Complete fiscal years, 19*5 to 19** l/
Estimated
Actual
19*5
Receipts:
Internal revenue:
Incoee and profits taxes..................
faployment taxes........................
Miscellaneous Internal revenue 2/..........
19*6
19*7
19*8 1/
Change
19*6
to
19*7
35,173
1,780
6, 9*9
30,885
1,701
7,725
29,306^
2,02*
8,0*9
-1,579
+32*
+325
Customs..... ............................
Other receipts ..........................
355
3,*83
*35
3,*93
*9*
*,829
♦59
♦1,336
Total receipts.............................
*7,7*10
W*,239
U*J03
■•*6*
i.m
Use:
let appropriations to Federal Old-Age and Surri
vors Insurance Trust ^ind...............
1,283
1,201
■et budget receipts.........................
*6,*57
*3,038
>13,859
50,337
30,0*7
27,800
15,161
7,*25
*,998
-20,375
- 10,163
+1 , 8*7
♦139
- 2, 8*7
Ixpendltares:
latlonal defense and related activities:
War Department....................
levy Department....................
Armed forces Leave let of 19*6:
Bonds........................
Cash.........................
Miscellaneous war and defense activities.
Total.
Veterans' Administration, interest on public debt, and
refunds of taxes and duties:
Veterans' Administration j*/ 5/...............
Interest on the public debt............. .. . . . . .
Refunds of taxes and duties......... ..
Total.
Government corporations (wholly owned), etc. (net):
Reconstruction finance Corporation:
latlonal defense and related activities__
Other.
Commodity Credit Corporation.
Other..........
9,6*5
5,581
*8 ,5*2
17,1*2
- 31, 1*00
2,060
3,617
1,707
*,?53
*,722
3,027
7,259
l*, 958
3 ,0*1
+3,006
+236
+1*
7,38l*
12,002
15,258
+3.256
159
67*
*76
950
325
2,050
+318
+950
-3*9
+2,050
833
3,801
+2,969
762
815
323
1,093
980
852
1*07
1 ,1*03
2,299
1, 07*
1,038
2,208
+1,320
+222
+631
+805
*72
-288
328
-23
138
215
-190
+238
*71
-662
-l.Oli*
-566
- 1,076
*408
-31
+97*
-7
- 1,305
-31*
+990
100,397
63, 71*
*2,505
37,000
-21,209
20,67 6
+75*
+*,667
+21,*30
Total.............
Total budget expenditures.
-1,592
90,029
Total.
Aid to agriculture Jj/.....
Social security program V 6/.
Public works.............
Other general expenditures •»/.
Reserve for contingencies...
+2*3
*1,667
1 , 8*7
139
2,733
International finance:
Bretton Woods Agreements Act:
International Bank..........
International Monetary fund....
Ixport-Import Bank - capital stock.
Credit to United Kingdom...........
19*7 to
eetimated
19>*8 1/
let budget surplus (+) er deficit (-).
-53,9*1
Source: Daily Treaeury Statement, except as noted.
Less than <500,000.
y I****
X9*« Budget document as revised August 20 I9U7
£ ^ e r
b* PUbH*h*d ln th* "Treasury Bulletin" foi-
2/
Includes chiefly alcoholic beverages taxes, tobacco taxes manu
facturers and retailers' excise tu.,, .*1 estate t«el ’
<■
2/ Includes deposits resulting from the
Information on th.
of rich d L ^ f I
W contract«basis of Dally Treasury Statements. On the ba^l ®Iailable oa
rants, such deposit, were as
-
+3.913,
lion and fiscal year 19*6, $1,063 million. Deposits are estimated
at $U08 million for fiscal year 19*7 and $193 million for fiscal
year 191*8. These figures Include so-called voluntary returns,
no udes transfers to trust accounts, etc.
Includes expenditures for public works undertaken by Veterans' Ad
ministration.
Includes railroad retirement and railroad unemployment ectlvities
and excludes expenditures made by Department of Labor, 0. S. toployment Service (formerly Office for Imergency Management, War
Commission, U. S. Bmployment Service) under authority of the Sod
Security Act.
August 1947
Public Debt and Guaranteed Obligations Outstanding
(In millions of dollars)
Treasury Bulletin
RECEIPTS
AND
EXPENDITURES
.
,
August 1947
Budget Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In mlllloaa of dollare)
H«eelpts
extendi toree 1/
net
spproprlatlone
to Federal
Net
01d-A«e and
receipts
SuTTlTore
Inaorance
Truet f land £/
l«fla
Tot&l reeelptt
Tlaeal jeax
or moDth
1938
1939
Total
X&temal
rooelptfl
reTenTie
5.67'!
Other
Custoa*
rflceiptf
5.668
5.925
8.269
13.668
5.161
5.303
7.362
12.993
359
319
3M9
392
389
19l»3
23.385
22,ll4lt
32U
I9I1O
I9UI
igUs
208
188
273
515
286
916 yi,
3.292
3.'«3
19ltU
U5.!408
•1.685
"•31
19't5
'iT.T'fO
355
19t6
19K7
UU,239
"•3.902
'10.310
'tU.703
39.379
USk
•.829
U7
36
39
398
333
239
Ul
2711
19U7-JaAuar7..
februar7.
March
April
)ta7
Jane
Soorea:
y
3.860
ii,6U3
5.72't
5.W
2,62U
3.20U
5. "wo
2.309
2.578
3.993
y
y
y
!t35
387
503
538
661
869
5.855
5.165
5.387
7.607
12.799
1.103
1.260
1.283
1.201
l.U¥t
22.282
uo
3.820
26U
2U
37
589
68
339
35
1.1452
7
tiiree
7,0J1
9.027
9.297
13.765
5.985
7.313
7.109
6.079
6.005
3»t.290
y
63.71"»
"•2.505
1"^.559
323
17.1'^2
1.523
l,l>12
'1.378
^.U3
3.9W
2.''73
5.701
3.598
2.063
1,'^57
l."^28
2.556
2.865
"•.001
5. 1*73
2,206
2,706
3,059
"•3.038
"•3.259
^
6/
6.1%
2"*.
3.S51
eto.
corporations
(»hoU7
ovned)
eto.
(net)
225
187
232
331
381
26.0U
72,109
87,039
90,029
w.s'ta
8.730
Transfere
to trust
accounts,
1,029
1,206
1,657
6,301
.5,635
"•6. "•57
Dally Treasury Statement.
Excludes amounta for public dett retlreoent vhlch are eharfeable
to the elolclng fund, etc. under special proTlslons of law.
Tot explaoatloD see tables which follow entitled "Social Security
Program."
Net receipts leas total e^endltoree.
Includes recoTerles of U. S. investmente in capital funds. Sneb
recoveries totaled $5U million in the fiscal year iglJO; $319 "Hllon in the fiscal year I9UI: $13 million in the fiscal year igUS;
and $10 million In the fiscal year 1945.
defense
and
related
actlfItlea
79.702
95.573
100.397
UU,lli9
Oorernfflent
latlonal!
Total
expendl-
"•35
556
1.6lt6
1,918
1.355
(-)y
-208
320
299
1.05'i
-1.177
-3.862
-3.910
-6.15s
1.893
-21. 1*91
1,523
1,829
-7
-1,305
-314
-57.'«0
+706
1
108
-32
106
1.728
1.327
'•6
20
'•32
l.'^93
18
-6H»
970
71
16
Bet
budget
surplus
(+) or
deficit
-51.'^2"»
-53,9"^1
-20.676
+75'^
+2.102
-l."A5
-987
-67
Receipts from Todaetions in capital stock and paid-in surplua
aiTailable to be reissued under existing lav are included as negative
items under expenditures. Such reductions totaled $31^ million.
Includes deposits resulting from the renegotiation of war contracts.
Information on the amount of such deposits is not available on the
basis of Dally Treasury Stataments. On the basis of covering warrants, such deposits were as follows:
fiscal year ISk"}, $338 million; fiscal year ISkk, $2,235 llHoo; fiscal year I9U5. $2,oUl
million, and fiscal year I9U6, $1,063 million.
These figures
include so-called voluntary returns.
^
Table 2.- Analysis of Receipts fron Internal Reveni»
(In millions of dollars)
kploynent taxes
Income and profits taxes
Social security taiee k/
Tiecal yei
or month
1935
1939
i9«o
19U1
19>*£
Withheld by
employers 2/
2.6'10
2,6'I0
2,189
2.125
2.189
2.125
7110
530
833
3."^70
3."^70
7.960
7,960
925
1.186
60U
691
896
16. 09"^
16.09U
26.262
19»*7
39.379
19^7 -January,
February.
March.
.
April
May
June
'ce:
•
1/
2/
i/
5.161
5.303
7.362
12,993
13^5
19U6
13m
federal Insurance
Contributions Act
(Old-age Insurance)
5.67"^
22. l"^"^
"•1.685
"•3,902
110,310
191*3
Other
3. "•IS
11.27'*
.
2.309
2.578
3,993
51">
Federal nnemployvent
Tax Act (Unemployment insurance)
90
101
108
98
120
150
109
158
180
185
180
185
209
267
285
283
380
1.739
1.780
1,701
1,130
1,292
1,310
1,238
2,02>1
1,""59
58
387
llU
U2
266
25
69
"»
"•00
361
II
3"^0
12
2. "192
121
8
1
31.655
35,173
30.885
29,306
8,393
10.289
9,392
10.013
2.661*
site
2,117
3.222
K6^
1.376
785
3.865
1.597
1,619
3,270
58"*
1.012
1,218
778
2"^.88lt
21.1^3
19.292
l,'t98
1.8"*5
Dally Treasury Statement.
less than $500,000.
For further details, see chapter entitled "Internal Revenue Statistics."
Kxcludes recslpt of victory taxes withheld pursuant to the Revenue
Act of I9I2.
Such receipts have'been claeslflsd as "Other" Income
and proflte taxee.
V
y
^
Carriers' Taxing
Act of 1937
(Bailroad
retirement)
!"•
U6
12
la
137
170
1
Mlscellaneoua
Internal
revenue
2.279
2.232
y
2.3"^5
2.<?67
3.81*7
"1.553
5.291
6,9'19
7,725
8, 01*9
693
666
5
77
682
3
12
112
638
595
602
Inclodee unjust enrlchme{it tax.
For the period prior to September 1939. the data In the columns
entitled "Federal Insurance Contributions Act" and "Federal Unaaployment Tax" represent collections under Titles Till and IZ.
respectively, of the Social Security Act,
Includes less than $500,000 In rscelpts from "Agricultural Adjustment taxes."
Treasurii Bulletin
Budget Receipts and Expenditures - (Continued)
Table 3.- Analysis of General Expenditures^
(In DlllloDB of dollars)
Teterane' AdoilDletratlon
Interest on public debt, aad
refunds of taxes and duties
fiscal year
or nonth
Total
general
expend1
Teterans*
AdmlQlBtratlon
tuxes
if
1.567
y
1.687
1.751
1,906
582
557
557
553
555
191*3
5.615
2.1*56
572
191*4
6.ll(9
191*5
8.730
3.500
6,258
10,620
lU,UUl
191*1
19142
19U6
ll».559
i9''r
21*.
323
1.561*
public
dabt
Refunds
of
taxes
and
duties
1/
International
finance
8/
Civilian
Conservation
Corps
Direct
and
work
rallaf
2/
2/
Othar
1/
59
l*.i*l6
85I*
801*
326
I.U76
622
66
5,751
1.228
31*7
1,000
61*2
5,1*21
l*,327 10/
1.5l«l
91*9
91
U,099
392
157
515
290
283
257
163
2,21*2
89
87
1,111
1,260
1,808
2,609
3.617
76
3.178
2,61*9
2,1*72
2.871
11,722
262
1.707
3.027
6.1*1*2
I*.
958
3,oiti
8U7
1.098
1.093
912
3.938
9,882
5U9
12U
68
181
X.552
626
361
1.623
512
2.206
2.706
1.329
59U
lUl
HV
l,2l*U
581
593
571
1.1*63
Juna
3.059
2.389
583
92
1.396
1*10
670
5/
1/1/
workfl
926
5U5
565
April
i/ 5/
Public
91*1
960
fabruAry.
March
Social
Security
prograa
1,01*1
1.523
2,t73
2,063
191*7- Januarr..
agriculture
Aid to
y
5.985
7.313
7.109
6.079
6.005
1938
1939
19UO
Interest
on the
Other general expendltxires
Jj
511*
51*3
299
529
1*33
17
^/
10 /
11/
712
758
890
550
1*07
833
767
1.038
3.801
976
69
81
200
.209
86
26
200
130
190
135
97
16
1*50
2U1
359
300
251*
a/
Includes railroad retirement and railroad unemployment activities
and excludes expenditures made by Department of Labor, U- S. Imployoient Service (forsierly Office for Xmergency Management, War
Manpower Coomlsslon, U. S. Imployment Service), under authority
of Social Security Act.
for further details, see tables which
follow on the Social Security program.
Includes public bui Idlngft. public hl^ways (Including forest roads
and trails), river and harbor work and flood control, Tennessee
Valley Authority, federal Public Housing Authority (forsierly 0. S.
Housing Authority), reclamation projects and the Public Vorks Administration, excludes certain expenditures for public works in
connection with HatlooaJ. defense and related activities by the
federal Works Agency, beginning July 19^*1
Consists of paymente under Bretton Woods Agreements Act - International Bank; credit to United Kingdom; and Xxport-Import Bank
of Washington - capital stock.
Classified as Other expenditures commencing July 1, 19^5^' ^dltlonal Inforvatlon on Direct and work relief, see "Treasury Bulf>.
August
I9U5.
letin" for
page
Gross expenditures have been reduced $313 million representing the
repayment of capital funds by certain United States Oovemoent
agenciesfor further details see "Treasury Bulletin" for June 19'*3>
page 9< footnote IZIncludes $500 Billion for Commodity Credit Corporation - postwar
price support of agriculture.
•
8/
673
998
7U.5/
6/
651*
970
1*97
563
Dally Treasury Stateoent.
Less than $300,000.
Oeneral expenditures now Include expenditures for reToivlng funds;
back figures have been revised accordingly.
Includes public works undertaken by the Veterans' Adainlstratlon.
These are
Does not include transfers to trust accounts, etc.
shown In Table 5.
"Refunds of taxes" Include aoounts transferred to public debt accounts to cover issuance of excess profits tax refund bonds and
exclude refunds of taxes under the Social ssourlty program. Ixcess profits tax refund bonds were formerly issued to corpora^
tions entitling them to a post-war credit equal to 10^ of the excess profits tax paid.
The Tax Adjustment Act of 19'+5 reduced by
10'^ the amount of excess profits tax to be paid and abolished the
poat-war credit. Tor amounts of excess profits tax refund bonds
issued, see the first table In chapter entitled "Public Debt and
(hiaranteed Obligations of the United States OoTernnent. "
Outstanding excess profits tax refund bonds may be redeemed at the option
19U6;
whan such redemptions
of the holder cosimencing January 1.
occur, they will Appear as retirements of public debt.
ConalBtB of Department of Agriculture expenditures, except forest
roads and trails which are Included in Public works.
Aaounts for
restoration of capital Impairment of Commodity Credit Corporation
are as follows:
fiscal year 19H3. $2^7 Billion; July I9U6. 9921
million and Hay 19U7. $bU£ million.
685
1.37't
7635/,
2.2995/
877
738
680
1.573
August 1947
Budget Receipts and Expenditures
•-
(Ck)ntinued)
Table 4.- Analysis of Expenditures for National Defense and Related Activities
(In mlllloni of dollari)
Havy
Var
Dopart- DapartDont
meDt
Tlscal year
or aonth
Armed
Torc«B
Laare Act
of 191*6
y
Dspartaeot
Tederal
Security
Agency
federal
Worka
igency
Hational Selective TreaeEouBlng Service
U17
(adBlnle DepartKxeucy
tratlve) ment
United
States
Var
Ship-
Karltlie
ping
CoBolBidaln
• lOD
Aid
to
China
Bond* Caab
U52
U90
667
3.678
1.029
1,206
1.657
6.301
26.011
1938
1939
19110
19U1
igUa
111.070
19"t5
I9"t6
19't7
17.1112
7.1*25
l.ltl2
61*1*
1.1*57
1.1)28
571*
351
611
359
U15
362
383
I9U7- January..
Tebruary.
March
April
50.337
27,800
KV
1.728
1.327
735
707
Juna
l.'t93
81*1*
>cs:
•
1/
~
2/
1/
itU
99
353
21*
51
33
519
929
132
215
228
185
6O8
539
1.105
1.922
1)0
11)0
120
16
1*0
80
99
1.367
-171*
3"*
121)
2.776
3,812
3.227
69U
271
2.01)2
91
52
59
63
52
1.201
1.01*1
153
133
122
60
2
5
20
12
2.11*3
1.198
30.01)7
15.161
U,998
18
297
2.011
62
111
1.81*7
139
276
269
303
20
23
23
1
267
91
35
108
382
1*5
62
3
696
20.888
26.538
U2.265
U9.2II2
1
596
673
892
2.313
8.580
72.109
87.039
90.029
19116
Other laSxirpluB
tlonal deproperty feofle and
dlBpoeal related
tlTltlsa
Bahabil- agenclei
ezpendlitatloa
turae ^/
United
Hatloni
Relief
and
70
1,1*32
1.U62
695
1
'I
3
1
k
2
21
6
1
U
2
1
-9
-3
1
3
3
2
It
3
-1
Dally Treasury StatementLess than $300,000.
Administrative expenses in earryln< out proTlsions of Act are
Included under War. Mavy, and Treasury (Coast Guard) Departments.
lacludea war public housing functions.
Includes war expenditures of Commeroe, Justice, Interior. Lahor. and
State Departments; Civil Service Commission; Ixecutlve Office of the
President (including Office for Imergency Management); Panama Canal;
Includes Deand capital stock of Smaller Var Plants Corporation.
fenae Aid Special Tund throu^ the fiscal year 19^3; thereafter
U/
5/
71*
795
llU
66U
991
1.022
V
106 "
611
1.501
1)1*2
307
102
103
1*5
25
12
15
52
189
101
132
5/
20
16
51
12
auoh expenditures are reflected within the respective departments.
Classification changed to reflect expenditures under "Vatlonal
Defense and Related activities." Prior year expenditures are
included under "Oeneral."
Iffectlve September 1. 19U6. expenditures of the War Shipping Administration are Included with the expenditures of the U- S. Karl time
OomalSBlon to which all functions were transferred for the purpose of
liquidation by December 31, 19^. pursuant to Sec. 202. public law
U92. approved July 8. 19U6.
Table 5.- Analysis of Expenditures for Transfers to Trust Accounts, Etc.
(in millions of dollare)
Tiscal year
or month
Veterans*
Administration
Social
security
program
y
i/i/
2/
11)6
225
187
232
1938
1939
I9W
10
107
121
132
1
11)5
'*35
30
221
556
271*
1,918
1.355
101
.126
.381
817
71
16
27
16
191*2
331
381
191)3
191*1)
191)5
1.61)6
191)6
191*1
191)7
19lt7-Januaiy.
Tebruary
March...
April...
itay
June ....
ce:
•
1/
2/
1
318
302
3O8
Oovernment
employees'
retirement
funds
(Q. S. share)
73
75
87
93
103
107
177
197
Aid to
agriculture
l/U/
federal
contribution
to District
of ColuBbia
18
91
126
71
-3
21)7
223
1
1)6
1
1)32
1*32
18
18
Dally Treasury Statement.
Less than »500,000.
Additional transactions are shown in Table 3.
CoDprlaes Adjusted Service Certificate l^md and the Batlonal Service
Life Insurance Tund, administered by the Veterans' Administration.
1*5
^
U/
Includes railroad retirement and railroad unemployment activities. Tor
further explanation see tables which follow on social security program.
Represents transactions in commodity food stamps by Department of Agriculture. This activity formerly came under the Office of Distribution and prior thereto under the Agricultural Marketing Administration.
.
Treasury Bulletin
Budget Receipts and Expenditures - (Continued)
Table 6.- Analysis of Expenditures of Government Corporations (Wholly Osmed), Etc. (Netl
(In millloni of dollar*)
Conmodlt/
Oradlt
Corporation
TlBcal year
or month
-ao8
320
29?
1938
1939
191*0
19U1
l^kZ
1.05't
19>*3
19''6
1.523
1.829
-7
-1.305
ig"*;
-3lli
Ixport- Import
Bank of
tfaihlngtoa
19l*7-January.
7ebniar7.
March
April
H«gr
Jun*
cei
•
1/
2/
^
federal
Public
Bousing
iathorlt7
-IgU
1
136
210
3U7
55
IT
-5
-8
-5
1.893
19'A
19^5
Tel«ral
Bousing
Idolnlst rat Ion
-193
225
U71U/
.i,ow*5/
-1,076
-106
613
.6
-2
-5
-20
-1
-3
15
12
1
1
Beeonetruetion Tlnanoe
Corporation 1/
Hoae Ovnere'
Loan Cornational dafenaa
poration
and related
aotiritiee
-U3
-60
-Do
-239
-256
-363
-396
-323
-275
-802
1
Z,k62
1
-37U
2. '•35
-1
-3
-7
-30
328
138
-3U2
-159
•
Us
-1
-1
-288
-23
215
108
101
78
-32
106
-39
-21
70
103
-19
-16
-16
-102
-73
3
Ui
17
50
28
73
83
81
-15
-13
-18
-87
-59
676
-35
-18
119
20
-61U
970
-5905/
116
Dally Treasxiry Stateaent.
LOBB than $500,000.
Includeo traneactione on account of BJC Mortgage Company, federal
National Mortgage ABBOclatlon, Office of Metals Beserre, Office of
Buhber Beserre, Office of Defense Plants. Office of Defense Supplies, U. S, Commerolal Company, Var Damage Corporation, and Bubber
Developffient Corporation,
IncludoB Tederal Crop Ine\irance Corporntlon, faro Security Idmlcietratlon. federal faro Mortgage Corporation, federal Savings and
Loan InBurance Corporation, federal Intermediate Credit Banks Production Credit Corporations, and TennesBee Valley iuthorlty.
DlTlBlon between ezpendituree for Rational defense and related
activities and other not aTailable.
U/
"
^/
3"
21*7
725
1.936
I
Other
-5
-59
75
-3
-71
-9
k
Rural Sleetrlflcation
Idmlniitration
27
-2
8
11
1
-3
1
-8
55
7
-23
37
-33
Payments of $957 millioD hare been made during the fiscal year 19^
by the Agriculture Department (charged as war and defenee aetlTltles)
to the OoBoodlty Credit Corporation In reimbureeioent for agricultural
oommodltles procured in connection with the lend-lease program and
reflected in prerious expenditures of the Commodity Credit Corporation,
Similar payments during the fiscal year 19^5 amounted to
$1,182 million.
The act of May 26. 19^7, authorised the Secretary of the Treaeury
to cancel notes of the Commodity Credit Corporation in the amount
of $6^2 million for the restoration of ite capital Impairment.
This amount is treated as a general expenditure with a corresponding
credit under OoTenutent corporations (wholly owned), etc. (net).
.
August 1947
Budget Receipts and Expenditures
-
(Continaedl
Table 7.- Total Budget Receipts and Expenditures by Months, Beginning with 1938
(In alUionB of dollars)
Calendar year
Apr.
May
Juna
Julj
Aug.
Sept.
Net budget recelpte 1/
1933.
1939-
29lt
19l>0.
271
315
Will.
19^2.
578
19113.
788
1911 It.
2,7lt7
1945.
3.556
3,819
3,820
19lt6.
ig*?.
308
367
khh
541
758
916
687
799
1,566
3,5^7
955
2,503
3,767
3,678
5,206
6,573
6,892
i.,378
5,701
5,7'i7
262
213
373
3'»7
557
30lt
UOO
6I»9
565
695
391*
1,276
273
265
331
U13
563
2,li92
71.7
1,51''
l,it80
3,087
2,929
2,677
2,556
2,950
3,085
2,733
2,865
i',569
6,2it7
2,007
2,163
2,695
2,539
771*
5,911*
'','•79
kkg
678
676
711
1,135
2,527
300
279
350
333
i<U5
362
564
607
601
2,721
2,568
2,997
5,l'''7
2,099
2,U3l»
i>,lt78
2,030
2,001
2,530
2,5Wt
646
648
372
Wi7
397
587
5,926
5,189
36i»
2,21*0
2,37'.
2,364
672
521
740
1,212
2,701
5,650
4,918
5,834
8,849
16,403
5,736
5,416
4,118
4,107
34,554
44,421
46,046
41,601
5, '•73
Budget expenditures 2j
Ercludlng net expenditures of Government corporations (wholly owned), etc.
A.
1938.
1939.
1940.
1941.
1942.
492
656
712
1,111
2,628
612
668
1,075
2,629
705
820
822
1,399
3,421
631
730
783
1,315
3,753
566
694
647
1,141
3,953
930
895
887
1,528
4,530
725
764
818
1,598
5,160
645
774
706
1,529
5,215
718
741
759
1,874
5,931
737
721
869
2,083
5,937
817
1,858
6,363
830
832
1,172
2,542
6,500
8,097
3,885
9,657
19,053
56,020
1943.
1944.
1945.
1946.
1947.
6,372
7,570
8,202
4,891
3,005
6,119
7,862
7,460
3,510
3,946
7,354
8,525
9,433
4,602
3,492
7,466
7,859
7,968
4,251
3,981
7,435
8,292
9,275
3,677
4.4o6
8,327
8,625
9,641
5,513
4,570
7,112
8,110
3,557
4,514
7,617
8,119
7,354
2,796
7,535
7,930
7,456
8,024
5,950
3,023
7,839
7,828
4,656
2,557
7,452
8,416
5,445
3,618
88,084
97,158
90,552
45,804
8,135
5,695
2,965
7,946
4,581
2,529
8,420
5,013
3,662
89,640
44,113
-40
-65
-48
-739
-3,404
-437
-442
-536
-1,637
-5,331
-296
-284
-455
-1,294
-5,761
-157
-311
-432
-1,329
-3,799
-2,447
-3,967
-3,823
-10,204
-39,618
-2,087
-2,004
-1,422
+1,627
-5,426
-6,023
-3,420
-479
-5,740
-5,587
-2,282
-193
-1,716
-2,999
-1,327
+490
-53,530
-52,737
-44,505
-4,204
-5,706
-2,208
-165
-3,004
-395
471.
B.
1944.
1945.
1946.
1947.
3,239
4,860
3,113
6,6U
2,851
Including net expenditures of Government corporations (wholly Dwned)
7,281
3,435
3,914
9,266
3,845
3,598
7,901
4,268
4,001
9,112
3,864
3,351
3,100
8,821
3,644
9,752
5,352
5,540
8,344
7,291
2,932
,
etc.
7,902
6,687
2,755
^
Net budget surplus (+) or deficit (-) hj
A.
Ercludlng net expenditures of Government corporations (wholly owned), etc.
1938.
1939.
1940.
1941.
1942.
-198
-385
-398
-771
-2,050
-166
-245
-224
-534
-1,871
+212
1943.
1944.
1945.
1946.
1947.
-5,584
-4,823
-4,645
-1,073
+814
-5,164
-5,359
-3,693
+168
+432
B.
1944.
1945.
1946.
1947.
-4,683
-1,042
+ 706
Source:
1/
2/
-451
-499
-487
-1,185
-4,413
-156
-339
-237
-252
+167
+126
-369
-517
-479
-750
-3,058
-193
-348
-247
-747
-3,391
-2,037
-2,147
-1,952
-2,540
+1,146
+2 ,209
-5,952
-4,772
-5,040
-1,573
-1,424
-5,955
-9,342
-6,190
-944
-1,601
-3,758
-2,378
-3,727
-1,034
+903
-132
-22
-5,105
-5,947
-5,862
-1,975
-195
-402
-258
-1,133
J»,628
-4,896
-5,551
-4,357
-363
Including net expenditures of Government corporations (wholly owned), etc.
-3,514
+243
+464
-2,373
+1,902
+2,102
-4,972
-1,591
-1,445
-6,028
-1,131
-987
Dally Treas'jry Statement.
Total receipts less amounts transferred to Federal Old-Age and
Survivors Insurance Trust Fund.
Excludes public debt retirements.
-5,937
-6,126
-1,105
-3,838
-873
-5,776
-4,293
-499
-1,976
-1,497
+1,723
^
-6,134
-3, 165
-420
+445
-43,594
-2,512
61
^/
k/
Monthly figures for the period January 1938 through June
not presently available.
Net recelpte leea total expenditures
194I|
are
10
Trust Accounts, Etc., Receipts and Expenditures
(In milllonB of dollars)
ri«c«l year
or month
Treasury Bulletin
.
11
August 1947
Means of Financing Cash Requirements
(In mllllone of dollara)
Aowunt requlrad to be financed
fiscal year
or month
Total
anount
required
to %e
financed
Xet
^ud^et
surplue (-•-)
or
deficit (-)
Bet
decrease
In public
debt
Means of financing
Net inereaee
in Seneral
Pond balance
1/
igiti
1.177
u.ugu
3,910
6.900
-1.177
-3.S62
-3.910
-6.158
19>*2
23, '•61
-21,1*91
19't3
6U.27U
ISm
6U,W7
iJitS
58. "TO
li^
21,200
10,930
-57.U20
-51.U2U
-53.9»H
-20,676
1938
1939
19'tO
19^1
19lt7 JaB«ar7.
75U
7U2
358
6.515
10.662
•.529
706
628
1.958
22U
2.102
2.29't
April
May
June
2.867
987
75*
-l.W*5
-987
-67
l.tZS
y
1.210
2,U22
57
Dally freasury Statement.
£xcludet asounta for pulillc debt retirement vblcb are chargeable to
the sinking fund, etc., under tpaclal proriBloni of lav, and Includes
Oovemasent corporatlone (wholly ovned) etc., (net),
Comprleet trust accounte, sales and redemptions of obligations of
,
2/
1.613
anoufit
financed
23.
Wl
increase In
public debt
7U0
3.275
2.528
338
Net
receipts
in trust
accounts
etc. 2/
98
1.210
9U7
'*35
906
33»
61*.27'»
6»i.27>t
61»,307
5«.'t70
6»t.307
52U
21,200
10,930
10.7>iO
628
I.6U2
33
628
1,958
22U
6^
2,867
987
758
125
Vet decrease
In Oeneral
fund balance
23
2,222
5U«
11.136
Total
1.177
U.UgU
3.910
6,900
622
February.
March
Source:
Ket
expendlturee
In tniet
accounts,
etc. 2/
791
57.679
lo.ufio
10.930
317
2SU
269
99
6U2
OoTenaent corporations, etc., in the
T58
martcet, increment on gold,
setAalorage on ailTer, olscellaneous funds and accounts, and beginning Tlth July IS'^. s clearing account for outstanding chectcs,
Inereasnt on gold excludes expenditures for national bank note
retireoents.
U
7
- .
.
U
•
Treasury Bulletin
12
Social Security Program: Section
I
-
Budget Receipts and Expenditures
Table 1.- Social Security Act
(In BlUloDi of dolltft)
Bacelpti
Oroaa r«c«lptt
fiscal yar
or aoath
L*sa aaountt en41t«d
tg r>il«r*l Olt-itt
•fid tnrrlToB* In«qrBBC« Tmjt TuBd
SoolAl S«ourlt7 t&zat
Tadaral Insursnce
CoQtrlbatlo&t Act
(Old-a^ iDBuraoce]
Tedsral TIiieBpl07neot Tax let
6oU.ll
51lt.U
530.lt
60I1.7
631.2
712.2
788.2
1.015-6
1.288.9
1.U72.0
I9ltl
19112
191*3
19IA
ISUj
l,lU8.1
1.61Ht.3
19U7-Jaimar7.
Tebruazy.
Ibrch
56-7
382.0
iprll
June
126-9
179-9
165-9
212-5
211-5
217-U
18lt.8
l,itli3-9
200-
lU.U
115.8
12.0
Il0.lt
islt. 5
69.0
72.6
352.3
9.3
HV
17't-5
179-9
266.2
i3-h
37.''
It
16-2
117-7
13-9
67-8
3-5
It.
7
13-1
"II
1-3
7-9
1116.7
26U.U
23-6
U-9
3110.
128.2
868-9
1.103.0
1.259-5
1.283.0
1,200.8
158.lt
112.3
217.lt
387-0
503.0
90-1
100.9
107-5
97-7
119-9
690.6
895-6
1.130.5
1.292.1
1.309-9
1.258.2
1.459.5
i.itgu.j
19I46
19117
^
(nosBploTiMiit
iDBuranc*) 2/
y
1938
1939
1940
lat
receipts
2-5
BxpendltuT«e
Orantt to Btatee
Social Security AdnlDlitratlon
fiscal year
or aoQth
AdBlnletratlve
ezpensefl
Aid to
01d-a«a depend- Ud to
the
aaelst- ent
blind
ance
chlldraa
igitu
521t-2
19115
19116
%l-3
5113-5
20-0
21-3
25-3
31-5
31-5
33-3
32.1
31-9
38.8
19117
757-7
2I1.9
72ll.l
5157
68-it
2.2
2-3
2-3
2-1
1-9
2.1
65-2
77-6
21-6
46.7
52-5
13-2
9-8
12-2
2-3
12.8
153-3
41-3
7-7
111-6
30-9
1-7
26-2
3-3
7-1
-7
1938
1939
332-5
3'tV3
19W
38il-2
igiti
Wt9.1t
19112
501t.lt
1943
527-2
19>t7-Janu*r7.
hbmary
80.
March-.
2U.6
iprll...
Hay
June
15-5
155-7
a
4/
lllt.O
271-5
320-3
356-5
li98.li
182-2
208.8
227.6
260.1
299.1
316-9
360.6
333-6
361.2
ltl5.2
1169.6
It91.1
188.0
451-9
25-5
11-0
45-4
63-2
69-11
67-3
57-0
52-8
59-3
113.4.
nnenplo/ment COBpeneatloo
adalnletratloB
Public
Health
Serrlce
Public
health
5/
8-9
8.0
9-4
10.8
5-2
II
7-1
8.0
8-5
10-3
10-0
10.3
111.
11.
10.7
10.9
10.7
.2
9
1-5
1-5
-5
.1
Dally Treasury StateneDt.
Leo* than 1^.000Forvarly Title Till of the Social Secorltj Act.
Vonner^rTltle IX of the Social Sacurltj Act.
locludee aaountt equal
to epproprlatloae to Railroad OneaploTneot iQaurajice Adalaletratlon
fund aqulTalent to anountt of taxes collected with reepect to the
period froB January 193^ 'o June 1939' Incluelve, from eaployare eubJect to the Railroad UoeaployrnQt Insurance Act (See Table 3 of Section I).
Prior to January 1, 19^0. flpiree repreeent anounte traneferred to
the Old-A^ Beserre Account.
Trom January 1 to July 1. 19^0 "Tranafere" ware made to the federal Old-A^e and Surrlrore Ineuranee Traet
fund.
Subeequently receipts hare been deposited In the General fund
of the Treasury and *^proprlated* directly to the federal 01d-A«e
and SurrlTors Insurance Trust fundAaounts shown as transfsrs reflect deductions made for relabursenent to the General fund account
to cover adainistratlre expenses, which are shown sks expenditures in
Section II, Table I.
Includes only expenditures froB appropriations made tpeclflcally for
adalnlatratlTs expenses relating to the Social Security Act; naaaly.
^/
6/
2/
8/
^
Departmest
of
Children'
Bureau §J
Maternal
and child
health
eerrlcee
5-8
1:1
5-5
Serrlcee
for
crippled
children
I^bor
0.
Child
welfare
errlce
Befusde
of
1/
Serrlce
1/
2-7
l-li
iti.o
1-5
1-5
1.8
2.5
2.6
3-5
2-8
u
3-»
1-5
1-6
1.6
3-8
l.li
1:1
7-5
l-k
1-3
2-0
It.O
.8
ezpeadl-
8.
XsploTtDent
J.o
5-9
6-5
6-2
5-4
6-3
10-7
Ixeeee
of
20.7
1-3
lt-2
7-4
6.2
E-B
2/
115.1
215.1
209-7
322-5
357-8
341-5
311-7
279-8
326-1
557-3
-6
1-0
1-7
1-0
7
-8
.6
-7
52-2
-36-9
10-7
1-9
1.2
1-5
1.6
-5
-5
II12.6
.8
.6
10.8
41-5
Social Security AdainlstratloB, Departnent of CoBneree. and Departaent of Labor: and adalnlstratlTe expenses relaburssd to the General
fund of the Treasury under Section 201 (f) of the Social Security
Act, as aaendsd.
Beginning July 1, 19^, Includes also adainlstratlTe expenses under the Va^er-Peyser Act. Ixcludes adalnlstratlTe
expense* payable froa other appropriations, principally for the
following a^ncles: Bureau of Internal Revenue of the Treasury
Departnent. and Public Health Serrlce and Office of Bducatlon of
the federal Security A^ncy.
Beginning July 1, 19^^. payaents prerlously Bade under the Social
Security Act were discontinued, and thereafter aade under prorlslons of the Public Bsilth Serrlce Act of 19Ui4.
Includes expenditures under Social Security Act by the Department of
Labor tbrou^ July 31, 19^*6
Classified as "Kxecutlve Office, Office for Bnergency Mana^ment,
Var Manpower CoHitsion" thnufh July 31, 13U(,.
Covered by appropriations by Congress.
Second Deficiency Appropriation Act, fiscal year 1938, appropriated
$Ul Billion for refunding to certain States portloas of federal Xbployera' tax for 193^ oollected under the Social Security Act.
.
'
August 1947
13
Social Security Program
Section
I
-
-'
(Continued)
Budget Receipts and Expenditures
(Continued)
-
Table 2.- Railroad Retirement Account
(JB lU.tosi at dsllan)
^oeiptt
fl>e*l 7««r
or Bonth
ljip*nditur«a
Cmrrlsn
iKBlalttratiTC
Act of
1937
150.1
109.3
lai.o
136.9
170.0
208.8
267.1
285.0
282.6
380.1
i93»
1939
19110
19U1
19142
I9't3
19IA
191*5
19116
191*7
IU9.0
110.0
123.3
128.2
Iransfart to
Kallroad B«tlr*•Bt Account
(trust account)
2.6
2.9
2.6
3.8
11(8.5
220.2
265.3
311.3
295.1
302.8
11*0.9
21U.8
262.7
3OB.8
291.9
298.5
1*.3
1-5
19lt7-Junur7.
uit.o
76.8
.2
igprll....
2.6
12.2
112.0
1*5.5
Mi*
June
'csi
•
1/
.2
.3
.2
1.5
1.5
Dalljr Trauury Statement.
Lose than t50.000.
Include* only e^eadlturea troa ^proprlatione Bate epeolfleally for
2/
11. 1*
.1
.2
1.1
-1.8
26.3
12.8
-77.3
•12.9
U5.2
1*2.9
.12.0
-110.5
adalAlatratlve expeneei relating to the Ballroad Betireaent Act.
OoTered hj eppropriatlona froa the (leneral yoad of the treasury.
Table 3.- Railroad Unemployment Insurance
(I> ailllcae ef dsllari)
Titoal /ear
ar aoBth
.7
2-3
-8.7
-21.6
-U.8
.76.6
lt.9
Much....
.1.1
107.1
120.7
121*. U
7.6
taraa
1/
taxat
lli6.lt
5.1*
2.5
Ixeati of
aipandlRafoada
of
Act^
7
«
5
5
Treasury Bulletin
Ik
Social Security Program
Section II
Table
-
Federal Old-Age and Survivors Insurance Trust Fundi/
1.
(Cusulative froo orgaiilzatioD
765.0
In nlllloDB of dollarB)
-
SxpeDdltoras
ipproprlaTotal
recelpte tlon* b7
InveatCoQgresB
Bentt
782.
193«
1939
Eeimliurfieiiient
Total
ezpaodi turet
01dL-a£«
benefit
pa/oents
17
1.1550
UU.
19110
1.7921
1*7-1
2,536.2
3.502.8
1.705-0
2.393-1
3.288.8
87
igin
19U2
IM
21>t
138.6
275-6
19.3
11.720.7
't,Ul9-3
U52-1*
19.3
35.1
99 5
209.8
359.1
191A
6,116.0
5.711.
Qou
669.6
51*3.7
19'»5
19l<«
7.5^.8
7.021.3
8.259.5
9.719.0
528
676
839
936.lt
l,29i*.U
1,760.7
783-5
I.IOU.O
1.529.6
9.711.1
9.719.0
739
839
1.718.2
1,760-7
1,529.6
8.935.8
10.558.8
ig"*?
19'*7-lla7..
10,1*50.8
Juna.
10,558.8
Source:
1/
2/
for adnlnlatrativa
expenses 2/
Salaries.
Bureau of
Old- ace and
SurrlTors
Insurance j/
12.3
39.1
65.9
2.397.6
3.227-2
93.lt
11.268.3
662.3
1.177.2
1.738.1
2.380.6
3.201.6
(.236.8
126.0
152.9
5.1|lt6.U
5.>t0B.9
6.613. It
7.6U1.U
6.5116.3
7.5't«.7
8,7112.3
1.7111*. 7
190.11
1,1*90.6
Dally Treasury StatenentIncludes transactions effected under the predecessor Old-A^ Baserve
Account.
Under Section 201 (f) of the Social Security Act amendnents of 1939-
Unexpended balance
Investments
777.2
1,180.3
5.'*
1.199.6
19V
(Continued)
-
Statements of Trust Accounts
Becelpti
iDd of flBCal
/ear or noBth
7U
7
206.0
25.2
8.798.0
20U.8
206.0
22.7
25-2
8.732.6
8.798.0
In
Oeneral
Fund
113.0
6.2
1-9
3.0
6.1
10.8
5.2
20.
7.0
16.1
32.0
21*.
5
21.
It
it3.5
I19.2
7-3
ll8-lt
360.6
7-3
I18-U
.1
.5
8. 318.
8,7112.3
la disbursing
officer's
account
35.1
53-3
191*7. salaries for the Bureau of Old-A^ and SurrlTors Insurance are pliable directly froa the Tedaral Old-Age and SurrlTors Insurance
Trust fund.
Uftdsr provisions of the Labor-federal Security Act,
2j
Table 2.- Railroad Retirement Act
(CuBuiatlTS froB organisation
Bacelpts
Znd of fiscal
year or month
Total
receipts
-
In Billions of dollars)
Bxpendl
t\ires
Unexpended balance
Appropriations
by Congress
Interest on
investments
Benefit
payments
InTestmsnts
In General
fund
l-U
3.6
5.9
79.8
185.6
298-7
8.1*
1*19.9
51I6.1
11*7-9
II16.5
2b8.U
390.8
26U-8
191*2
506.9
650.9
1*98.5
639.1*
191*3
I9iti
l,ll*l*.l
85U-2
1.116.9
11.6
17.3
27.2
191*5
1,1*68.1
1.1*25.7
It2-U
191*6
1.780.x
2.102.6
1.717-8
2.016.1
62.3
86.5
2.080.6
2.102.6
2.016.1
2.016.1
61*.
1938
1939
igito
191*1
871.
191*7
191*7-llay..
June.
Source:
381*.
9
5
86.5
68.1
82.7
92.1
87.0
IOU.8
1.277
I9U-9
333.0
515.6
675.7
S2U.9
1,261.2
1.277.7
821*.
676.6
811.0
952-5
.lOU.l*
8I9.I*
9
Dally Treasury Statement.
Table 3.- Unemployment Trust Fund
(CilMulatlT* from organization - In alllions of dollars)
-
66.2
67.2
79.lt
71*.
91-5
178.0
-2
13-2
10.8
2.5
1.6
U.l
318.
1.1
500,5
657.0
805.5
1.2
801.0
8O5.5
1.2
.5
.9
.6
In disbursing
offlcer'r account
1.6
2-3
1-8
10.5
11.7
12-8
13-t
11*-
17-8
18.2
17.9
18.2
V
Aagust 1947
15
Cash Income and Outgo of the Treasury, by Major Classifications
i6
GENERAL
FUND
OF
-
THE
TREASURY
Treasury Bulletin
.
,
August 1947
17
Assets of the General Fund of the Treasury
(In mllllone of dollars)
End of fiscal
year or month
Total
Bullion, coin,
and currency
1-938
2. "tig
827
1939
19M0
19Ul
igUs
3.087
2.038
2.812
3.UU3
l.lglt
19'»3
10,11)9
19IA
19^5
19U6
20.775
2S.U9
1U,708
3.730
19't7
I9U7 January,
Tabruary,
March,
,
5.102
,
April
Kay
June
Source:
Qeposlte In
Federal
Haserre
Bank!
Special depoaltB
account of sales
of Qovernnent
securities
Other deposits
and collections
897
929
1,022
25U
1.02U
603
611
776
8O5
661
1.679
52
95
105
113
265
911
820
708
Uok
1.255
1.038
1.500
1,006
1,202
7.667
18,007
22,622
12.993
962
533
507
289
305
310
S7U
98lt
1,U1*2
7. '78
393
1.277
7.233
1.27't
1,620
2,561
2.369
2,736
3.363
3.292
353
276
297
"•.707
U,ll02
1.263
1.312
1.255
8U2
989
1,202
2.317
1.807
962
286
295
310
3.730
Dally Treasury Statement,
Balance in the General Fund of the Treasury
(In mllllone of dollars)
Snd of fiscal
year or month
1938
1939
191(0
19U1
19U2
igifi
19' U
igits
19116
19lt7
19U7-January.
February
^iarch.
.
April...
May
June.
.
Source:
.
Sally Treasury Statement.
Total
assests
Total
llehllltlea
2,Ul9
3.087
2,038
2,812
3.'A3
203
lo.iUg
20,775
25.119
lU,708
3.730
61.3
2ll8
Ikl
179
452
607
U21
7.233
U.707
2,216
2,838
1,891
2,633
2,991
9.507
20,169
2l(,698
I170
ll»,238
U22
3.308
t.711
5.102
7."»78
Balance In the
General T\md
3Wt
323
U,ll02
395
336
3.730
1(22
7,1311
6,909
1(,312
U,o66
3.308
)
.
,
Treasury Bulletin
18
Analysis of Change In Balance of General Fund of the Treasury
[^Itt
Total
chan^
n.ecal yoar
or Donth
In
Oonoral
Vund
balance
tllleni of dollTP - I»t lnerw»» or
Oenoral and
special
accounts and
OoTonunent
corporations,
(wholly
owned)
net
d^raaM
(-)J
Trust accounts, etc.
Public
debt
accounts
Total
Trust
ac CO lints
Incre-
ant
on gold
2/
Seigniorage
on silver
V
etc. (net) 1/
193«
1939
-9^7
igito
i^Ui
-1.176
-3.862
-3.910
-6,158
-21.U91
23.'i6l
792^
3.280
2.528
5.99I
U6
I.20U
"•35
11
29
37
906
-1.613
II
19lt2
358
I9't3
6.515
10.662
-57.120
6U,27'»
-33«
-51,li2U
-53.9^
19W
19^7
-10,930
307
57.679
10.7UO
-11.136
2,222
"•.529
-10,ii6o
628
-125
l,6ll2
317
-33
191A
I9't5
19U7-JaiiuU7.
1.210
Mareli. ..
2,ll22
-2£l»
-20,676
75^
706
U6U
2,102
6"t,
-2.291*
-2lt$
-1,W»5
-987
-1,>I23
ifay
Jon*
-75«
-67
-57
J4>ril
Source
Hote:
I
•
1/
2/
2/
U/
.
.
-2.5?8
Special
deposit
accounts
and Biscellaneous
funds
791
-S2U
269
Dally Treasury Statement.
Beginning with flBc&l year 19^^ certain revisions have been Bade
Bee "Treasury Bulletin.* Septeaber 19^. page 3.
In this table.
Leas than I^OO.OOO.
This is the net budget deficit (-) or surplus. Izcludes aaounts
for public debt retirement which are chargeable to the slaking fund,
etc. under special proTlsloos of law and beginning with fiscal year
19^5 includes OoTernaient corporations (idiolly owned) etc (net).
Conprlses federal Old-Age and SurrlTors Insurance Trust fimd,
Matlonal Service Life Insurance Fund. Unenployment Trust Trind, Railroad Betirei&ent Account, Oovemsent Insurance and retirenent funds
and other trust accounts- (See footnote U.
Charges for retlroBent of national bank notes are reflected In this
stateaent directly against Increment on gold. Id the years during
(See footnote 7-)
which the retirements were actually madeComprises Public Works Administration revolving fund, epeclal de-
-6!2
^
6/
Jj
agencies,
etc. 5/
Clearing
account
i/
90
20
lU
-16
61
J»
116
1,106
288
852
-1,809
503
1.669
-2.87I*
-691*
675
-30
-372
6I|2
-51
-5
Checking
accounts of
OoTemiieot
51
108
105
-U98
2lt8
-1.553
-95
-359
555
-itlt
-75
-56
.1116
71
-113
-8
39
:2I
-7
-3
-93
-61*7
-372
67
37
3
posits (net), and. during the fiscal years 19U0 throu^ 19U5.
transactions in coBBodity food staaps by the Department of Agriculture.
Ooamanclng July 1, I9U3, such transactions are classified in
the column "Trust accounts".
Bsginning with fiscal year 19^5 represents sales and redemptions of
obligations of Oovemsent oorporatiens. etc., in the market (net).
Bepresents outstanding checks, see lote.
Ixpendltures for the retlreaent of national bank notes from Increment on gold for the fiscal years 1937 to 1939 (as shown below) are
not reflected herein, but are reflected under Increment on gold as
followsi
1937, $99 Billion: 1938. $51 Billion; and 1939. $5 Billion.
The increases in the public debt shown in the table "Means
of Tlnanclng Oaah Bequlrements" for the above fiscal years will not
agree for the reason stated above.
August 1947
19
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
20
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A
-
FISCAL YEARS, 19J8-1947
(In mllllonB of dollars)
Treasury Bulletin
August 1947
21
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PAHT B - MONTHLY DATA
(In allllone of dollars)
.
1
22
Treasury Bulletin
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
DOLLARS"
BilMofls
DOLLARS
DOLLARS
Billions
Public Debt and Guaranteed Obligations
Billions
Non-Morketable Public Debt
270
mm
II
Other
Savings notes
40
Savings bonds
i
-
210
m^
t?7CTi
1937
'38
1937
'38
igga
'39
'39
O^
'40
'40
L.
i
]
41
'4
1
42
'42
'43
'43
END OF FISCAL YEAR
Office of the Secretory of the Treosury, Division of Reseorch ond Stotistics
1
44
"44
45
'45
46
'46
"47
'47
'
B-462-C
August 1947
23
Special Issues to United States Government Agencies and Trust Fundsi/
(Id mllllona of dollars)
.
Treasury Bulletin
Zk
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Government
End of fiscal
year or month
Interest-bearing
debt outstanding
Computed
annual
Interest
charge
(In millions of dollars)
Computed
annual rate
of Interest
(Percent)
193s
1939
1,068
2.579
•5.336
1.11*9
Mho
1(7. s;"*
igiti
5't.7't7
19U£
76.517
1.203
1.335
1.729
2. 531*
£.511*
2.1*38
191*3
19'*5
19lt6
139, U72
201.059
256.766
268, 573
igit?
255. 197
igUy-January.
February
255,61(0
258,291*
igitU
14arch,
.
Interest-bearing
debt outstanding
Computed
annual
Interest
charge
(In millions of dollars)
36,576
39,886
Cooput ed
annual rate
of Interest
(Percent)
Interest-bearing
debt outstanding
(In millions of dollars)
2.539
2.600
2.583
2.518
2.285
l*.853
5.371*
1.979
1.929
1.936
1.996
2.107
91*7
Computed
annual
Interest
charge
Computed
annual rate
of Interest
(Percent)
121
112
109
117
85
2.1*98
i*,092
SI
1,516
20
1*09
5
1.968
1.335
1.321
1*67
7
1
2.052
1.978
2.260
71.968
1.037
1.095
1,218
l,6Wt
135.380
2.679
199. 51*3
256.357
268,111
255.113
3,81*9
U,961*
5.357
5.376
1.978
1.925
1.935
1.995
2.107
255.976
5.327
5.336
5.319
2.059
2.066
2.07s
258,378
258,113
255,800
5.322
5.332
5.316
2.060
2.066
2.078
262
181
175
I.6U2
1.75s
1.783
5.315
5.3U1
2.089
2.095
2.107
171
171
S3
1.718
1.706
1.758
2.759
3.869
l*.969
1*2.376
1*8.387
April...
251*.
598
5.318
2.089
25I*, 1*27
14ay
255, 1U6
5.3l*U
2.09'*
251*.
June. ...
255.197
5.376
2.107
Source:
1/
Ouaranteed obligations 2/
Public debt 1/
Public debt and guaranteed obligations
Dally IVeasury Statement.
Treasury bills are Included In interest-bearing debt figures at face
amount, but for purposes of calculating the computed annual interest
charge and the computed rate ^f Interest, the discount value Is used.
For the pumoses of computing the annual Interest charge and rate of
975
255.113
5.351
5.371*
5.1*50
5.1*98
6,360
l*.5l*9
83
Interest on United States savings bonde. Series
2/
A~JE
1.331*
I.S6I
1.1*10
1.75S
are considered
to yield 2.90^ per annum and Series F is considered to yield 2.53/^.
Guaranteed securities held by the Treasury, and securities guaranteed as to interest only, are not included In this table.
August 1947
25
statutory Limitation on the Public Debt
Section 21 of the Second Liberty Bond Act, ae
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
held by
United States (except guaranteed obligations
shall not exthe Secretary of the Treasury)
ceed
aggregate 5275 billion outstanding at any
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
of the owner,
are Included In the statutory debt limitation at current redemption values.
in
the
one time.
,
Table
K-
Condition as of June 30, 1947
(In mllllone of dollare)
Maximum amount of securities which may be outstanding at anj one time, under limitations Imposed
of the Second Liberty Bond Act, as amended
AiTiOunt
__^.^^
"by
Section 21
275,000
of securities outstanding subject to such statutory debt limitation l/:
U. S. Government securities Issued under the
257, U02
Second Liberty Bond Act, as amended
Guaranteed securities 2/
92_
Total amount of securities outstanding subject to statutory debt limitation
257,^92
17.y)8
Balance Issuable under such authority
Source:
1/
Public Debt Service.
For comparison with the total public debt and guaranteed aecuritiee
2/
outstanding, see following table 2.
Excludes guaranteed 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, 1947
(In millions of dollars)
Public debt and guaranteed obligations outstanding
Subject to
statutory debt
limitation
'ublic debt and guaranteed obllgatlona outstanding:
Public debt:
Interest -bearing securities;
Marketable issues:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds - bank restricted
Treasury bonds - bank eligible
Postal savings and other bonds
15,775
25,256
8,lit2
_l/.
Total marketable issues
Non -marketable issues:
U. S. savings bonds (current redemption value).
Treasury savings notes
Depositary bonds
Armed forces leave bonds
Total non -marketable iss. ^e
Special Issues to Government agencies and trust funds.
Total interest -bearing securities
Matured securities on which interest has ceased.
Obligations bearing no Interest:
United States savings stajnpe
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund Series
International Bank for Reconstruction and Development series,
Cxirrency items, etc.
2^/
Total obligations bearing no interest.
Total public debt.
Guaranteed securities ^/:
Interest -bearing securities.
Matured debt
Total guaranteed securities
Total public debt and guaranteed securities outstanding.
119,636
69,686
Not covered by
statutory debt
limitation
26
Analysis of Issuance and Retirement of Public Debt
(Is
niniosa of dollara)
Treasury Bulletin
...
.
August 1947
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States i/
As of June 30, 1947
(In mlllione of dollars)
Anount of maturities
Year
and
month
Description of security 2j
Fliedmaturity
issues
Callable Issues
classified by year of:
First
call
19it7-July.
Treasury bills
Certificate
7/8t
Aug..
Treasury bills
Certificate
7/8*
Sept.
Treasury bills
7/W Certificate
l-l/2?6 Treasury note
l-l/li?t Treasury note
U-l/ltJ Treasury bond
-
-
7/lA7
8/1A7
Final
maturity
5,926
2,916
Various
7/1/1*6
taxable
taxable
i*,829
1,223
Various
e/l/k6
taxable
taxable
5,020
Varioue
taxable
taxable
taxable
taxable
9/l/'t7
2,31*1
-
9/15A7
9/15/U7....
7/12A3
-
2,707
1,687
759
1,W»0
10/16/2S
10/1A6
partially
taxable
1,775
U/l/W
taxable
3,281
701
12/1/U6
12/15/38
taxable
partially
l/S/f,
Certificate
Nov..
7/Slt
Certificate
-
Dec.
7/8*
Si
Certificate
Treasury bond
-
-
-
II/I/I17
12/l/k7
I2/I5/U7....
Total
Feb..
Tax
status
-
10/l5/lt7-52
lO/l/lt?
191t8-Jan.
Sate
of
issue
12/l/kk
31*, 605
7/fl!6
Certificate
-
l/l/US
3,131*
l/lM
7/8*
Certificate
-
2/l/ha....
3,91*7
2/1/U7
taxable
l/Sff
-
3/1/1*8
2,11*2
3/1A7
taxable
taxable
partialis
taxable
2-3/1(51
Certificate
Treasury bond
Treasury bond
Apr.
7/84
Certificate
-
l*/l/l48
1,321
Vl/^7
taxable
June.
7/8!J
Certificate
Treasury bond
-
6/l/h&....
-
6/15/1*8....
1,772
3,062
6/1/U7
12/1/U2
taxable
taxable
2-l/Sl, Treasury bond
-
3/15/38
Treasury note
-
9/15/1*8
9/15/1*8....
1*51
l-l/2(fe
3,71*8
3/15/U
partially
taxable
SJB
Treasury bond
-
12/15/1*8-50.
12/8/39
partially
Mar..
2$
l-3/l*)t
Sept.
Dec.
-
3/15/W-5O.
-
3/15/1*8-51.
Total
1,U5
3/15/1*1
1,223
3/16/36
571
19,581
2,910
191*9 -June.
2*
Treasury bond
-
6/15/1*9-51.
1,011*
1/15/1*2
taxable
Sept.
25fe
Treasury bond
-
9/I5/U9-5I.
1,292
5/15/1*2
taxable
Dec.
2i
Treasury bond
3-1/3?; Treasury bond
2-1/256 Treasury bond
-
2,098
-
12/15/1*9-51.
12/15/1*9-52.
1*91
7/15/1*2
12/15/31*
-
I2/I5/U9-53.
1,786
12/15/36
Total
1950 -Mar..
-
3/15/1*8-50.
-
3/15/50-52.
1,963
10/19/1*2
2-1/256 Treasury bond
-
Treasury bond
-
9/15/50-52.
9,15/50-52.
1,186
256
256
Treasury bond
-
I2/I5/W-5O.
9/15/38
1*/15A3
12/8/39
1-1/256 Treasury bond
-
I2/15/50....
211
Sept.
Dec.
6,682
Treasury bond
Treasury bond
2i
Total
1951 -Mar..
June.
1,115
l',939
571
2,635
2,635
8,088
3/15A1
taxable
taxable
partially
taxable
6/1/1*5
partialis
taxable
1,687
2-3/1*56
Treasury bond
-
3/15/1*8-51.
1,223
3/16/36
partially
256
Treasury bond
Treasury bond
-
1,011*
1/15/1*2
-
6/I5/I+9-5I.
6/I5/5I-5I*.
taxable
partially
Treasury bond
Treasury bond
Treasury bond
-
9/15/1*9-51.
-
-
9/15/51-53.
9/15/51-55.
Treasury bond
2-I/U56 Treasury bond
256
Treasury bond
-
12/15/1*9-51.
-
I2/I5/5I.53.
12/15/51-55.
2-3/1*56
Sept.
taxable
partialis
partially
256
2%
356
256
Total
-
1,627
6/15/36
1,292
7,986
755
9/15/31
2,098
(Contlnnod on following page)
7/15/1*2
12/22/39
1,118
510
U.,996
5/15/1*2
9/15/1*3
12/15/1*1
5,628
taxable
taxable
partially
taxable
partially
taxable
Earliest date
on which commercial banks
may own bank
restricted
issues kj
28
Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States i/
As of June 30, 1947 - (Continued)
(in millions of dollars)
year
and
month
Treasury Bulletin
:
August 1947
89
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States il
As of June 30, 1947 - (Continued)
(In millions of dollars)
Source
1/
2/
y
Dally Treasury Statement, and reports to the Treasury.
Excludes (l) postal savings bonds and (2) Federal Housing Admlnletration debentures (the only Interest -bearing public marketable guaranteed securities outstanding).
It should be noted that callable lesues appear twice In this column,
once in the year of first call and again In the year of final matuCallable lesues with respect to which a definite notice of
rity.
call has been made, however, are listed as fixed maturities.
FederEil securities fall into three broad groups with respect to imposition of Federal Income taxes on income derived therefrom.
h/
30
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebteness
Date
teTVB of
offering
Treasury Bulletin
.
•
Aaqust 1947
31
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
dsposltlen
Date of re-
funding for
Description of oalled or
aturln^ secorlty 1/
exchan^
transaotlen,
or of retlroent for cash
transaction
Asioont
(I¥te of Issue Is shown la parentheses)
offers b7
Treasury
Beenlts of
exchange offers
eutSxchan^
standing Cash
retire- secnrlty (xBent
offered chAB^ed
Turned
Percent
In for
ex-
caab
changed
Qescrlptlon of new
security offered
(In allllens of dollars)
8/1 A"*
9/1/1*
7/«*
7/8*
CertificateCertificate-
g/l/Ult
(g/2/U3)
9/l/W»
3/Uit
Trees, note Trees, note -
S/l^/kh
1*
10/1 /w»
12/1 /UU
(9/15/''3)
2,5U5
U,122
2.5U5
U,122
2,511
3,69U
(I/31/UI)
(12/22/39)
635
283
635
283
602
185
98
95
66
Totals for exchange transaction of 9/13/Ull.
918
918
788
130
86
(IO/15/U3)
(12/1/U3)
3,519
3,5UO
3,519
3.5UO
3,U92
3,Ui6
27
99
12U
96
(12/15/2U)
1,037
1,037
911
126
7/6jt
Certificate
Certificate
hi
Trees,
7/8*
9/15/'*'*
10/1/lA
12/1 /ItU
3<t
99
U28
90
33
7/8*
7/8*
}^*
7/8*
.90*
Certificate Certificate -
8/I/U5
9/1/U5
Trees, note - 3/15/U6
Certlflcete - 10/I/U5
1/1/U6
Trees, note Trees, note -
12/15/Wt
bond- 12/15/WI-5U
9/15A7
il-l/U* Trees,
bond -12/15/52-5U
2*
2-1/2* Treae. bond - 3/15/66-71 2/
2/1 /U5]
Certificate7/8*
1-1/8* CCC note
.90*
3/U*
3/i/''5
(2/1/Wl)
(7/21/Ul)
5,OU8
U12
5,oU8
U12
U,6U9
uoo
395
17
92
96
Totals for exchange transaction of 2/I/U3.,
5,U60
5,U6o
5,OU3
U16
92
18
Trees, note Trees, notenote -
(3/15/W)
3/I5/U5
(9/25/U2)
2,127
718
1.606
2,127
718
1,606
2,109
U93
1,5U6
225
60
99
69
96
Totals for exchange transaction of 3/l/'*5-»
6/1 /I45
9/1
M
{
1/1/U6
s/is/ue-f
U/1/U6
5/1 /U6
6/1 /I16
7/1/U6
g/l/U6
9/1 /ue
10/1/1(6
11/1/U6
12/1/1*6
12/15/It6
Certificate -
3/1/U6
7/8*
Certificate Certificate -
U/1/U6
Trees, note
7/1/U6
U,U5i
U,li*7
30U
93
U,877
1,615
U,877
1,615
U,8ll
1,579
66
35
99
98
7/8*
Certificate7/8*
1-1/2* BOLC bond
6/I/U5
(6/26/l»U)
U,770
U,770
583
32
88
96
}.90*
89
6/l/lt5-U7
(6/1/39)
7/8*
Certificate-
7/8*
Certificate-
2-3/l4« Trees,
bond-
755
755
U,187
723
5,525
5,525
U,910
615
8/I/U5
(8/1/Wt)
2,511
2,511
2,U70
Ul
9/l/k^
(9/1/UU)
(9/16/35)
3,69U
1,21U
3,69U
1,21U
3,U29
907
265
307
U,908
U,90g
"5:33?
572
9/15/''5-''7
•
5/1 /U6
7/8*
Certificate -
8/1/U6
93
75
|-7/g*
Certlflcete -
9/1/U6
7/8*
Certificate -
10/1/1»5.
....(10/1/UU)
3,U92
3,U92
3,UU0
52
99
7/8*
Certificate - 10/1 /U6
7/8*
Certificate-
12/l/ll5
(12/1/UU)
'•,395
•,395
Trees, note - 12/15/U5
2-1/2* Treae. bond - 12/15/U5
(12/I8/I1O)
531
5UI
531
5U1
2,932
U38
U08
1,U63
93
Certificate - 11/1/U6
133
67
82
75
7/8*
(12/15/37)
Totels for exchange transaction of I2/I/U5.
5,t67
5,U67
3,778
1,689
69
3,Ui6
5,0Ul
3,133
3,330
85
89
98
98
7/8*
7/8*
7/8*
Certlflcete
Certificate
Certificate
7/8*
Certificate
y
7/8*
Certlflcete
y
y
y
y
y
7/8*
7/g*
7/8*
7/8*
7/8*
7/9*
Certificate
Certificate
Certificate
Certificate
Certifleete
Certlflcete
7/8*
7/8*
7/8*
Certlflcete
Certlflcete
Certlflcete
7/8*
7/8*
7/8*
Certificate Certificate Certificate -
ConTeraloE
bond
Treaa. note
.90*
Certificate
7/8*
Certificate
7/8*
3-3/'** Trees, bond
1*
Trees, note
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
Trees, bond
3*
3-1/8* Trees, bend
Treae. note
.90*
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
Certlflcete
7/8*
1-1/2* Trees, note
3*
1/1/U6
2/1/U6
3/1/U6
6/15A6
>7/g*
U,U5l
3/l(*
12/1 /U5
2/1/U6
.(U/l/UU)
(5/1/Wi)
Totals for exchange transaction of 9/1/^510/1/It5
Certificate-
U/l/U?
5/1/U5
Totals for exchange transaction of 6/I/U5.
8/1/U5
}7/8*
CertificateCertificate-
7/g*
7/g*
5/1 /''5
(2/1/llU)
3/l/l<5
3/l5/'t5
1-1/14* Trees,
U/1/U5
2/1/U5
2/15/U5
{
Conversion
bond
Certificate
7/8*
Certlflcete
7/8*
Certificate
7/8*
l-l/l** Trees, note
Certificate
7/8*
Certificate
7/8*
Certificate
7/8*
1/1/1*6
-
•
-
.
-
.
-
-
.
.
11/1/1*6
(1/1/16)
(12/1/UU)
(2/1/U5)
(3/1/U5)
(3/15/26)
(11/1 /Ui)
(U/1/U5)
(5/I/U5)
(6/1/U5)
(6/15/3U)
(6/15/31)
(6/1/U5)
(8/I/U5)
(9/I/U5)
(IO/1/U5)
(12/1 /U5)
12/1 /U6
(i2/3/'*5>
12/15/U6
(6/5/U2)
I/1/U7
1/1/U7
2/1/U7
(1/1/17)
(1/1/U6)
(2/1/U6)
(3/1/"^)
(6/26/UU)
1/1 /U6
2/1 /U6
3/1 /U6
3/15/U6.56
3,.5/U6
U/1/U6
5/1/U6
6/1/U6
6/15/U6-U8
6/I5/U6-U9
7/1/U6
8/1 /U6
9/1/U6
10/1 /U6
16
16
3,Ul6
5,01*3
U,lU7
U89
1,291
U,811
1,579
U,799
1,036
8I9
U,910
2,U70
U,336
3,UU0
3,778
3,768
3,261
1,01U
U89
1,291
1,991
1,579
2,025
1,036
819
1,99U
1,2U6
1,995
2,000
2,003
li,95U
u
3,133
2,820
2,775
2,775
2,916
1,223
2.3UI
1,UU0
1,775
3,768
2,9l6
1,223
2,3Ul
1,775
3,281
"'87
87
3.330
3.9U7
2,lU2
3.134
196
9U
1.321
1.777
2.916
1.321
X.777
2.7UJ
l,Ui*o
'
1/1/U7
2/1/U7
3/1 /U7
-
U/I/U7
6/I/U7
7/1/U7
8/1 /U7
9/I/U7
10/I/U7
11/1/U7
12/I/U7
3,261
3*
1/1/1.7
J/lS/"/
It/l/"?
6/l/t7
T/l/"*?
Source:
n.a.
p
Ij
2j
i/
S/l/ltr
3/15/U7
U/I/U7
6/I/U7
7/I/U7
(l*/!/"^)
(6/l/U6>
(7/1/U6)
13
3.330
U.95U
3.133
I.9U8
2.820
2.775
2.916
8/I/U7
(B/I/U6)
1 .223
Certificate 7/8*
Bureau of the Public Debt,
Hot available,
Prellalnary.
Original call and Baturity dates are used.
BanJc restricted Issue.
Prior to the refunding operation of March I, I9U6, maturing issues
1.007
991
1.9U8
I.U99
998
'.9U7
2.iU2
f/
17U
9U
-
1/l/Ue
2/1/U8
3/1/U8
U/l/lt8
6/I/U8
7/1/U6
1.223
7/8*
CcftlflCttW - 7/1/U8
were either peid off in full or the holders were given the privilege to exchange into another serarity in full.
Beginning with that
operation, some siaturitles have ^ sen split by the Treesury into a
stated portion for cash retirement with the remainder covered by en
offering of en exchange security.
8
5
3
U
Treasury Bulletin
32
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Aaoonts in allllont of dollart)
DoscrlptloD of
•«
Isoat
Aaoont of bids aceapted
Date of
Issue
Maturity
date
Noaber of
da/s to
aatorltj
Aaoont of
bids
tendered
Aaoont OB
eoapetltlTe
basis
TotU
aaoont
igltfi-jane
6.
June
June
Jane
1320.
27 >
July
July
July
July
5.
11.
18.
25.
Sept.
5.
Sept. 12.
Sept. 19.
Sept. 26.
Oct.
Oct.
Oct.
Oct.
91
91
91
91
1.312.9
1,310.1
I.85I1.8
1,305-9
1,310.
It
1,309.0
1.303.8
1,315.3
1,313.»
17,Olt5.0
29.7
17,0311.7
io.5
35.3
1,312.0
1,317.1
1,310.3
1,315.3
33.9
35.5
38.2
36.0
27-7
1,309.2
1,308.2
1.301.3
1.313.7
1.312.5
17,019-9
17,027-0
17,039."
1,281.0
1.270.7
1,270.2
1,273.5
28.0
3U.6
1.312.9
1.310.1
3I..6
1.310. It
30.0
1.305.9
17,019.8
17.015.0
17.009.5
17,007.0
23.8
31.2
31.2
31.0
1.307-7
1,315.1
1,310.6
1.305.1
1,306.1
17,006.2
16,997.5
16.993.5
16,990.3
l6,98lt.3
16. 984.
1.272.11
91
1.307.7
1,315.1
1,310.6
1,305.1
1,278.1
1.278.1
1,270.2
1.269.8
91
91
91
91
1.796-3
l,82U.O
1,816.5
1,803.9
1,306.1
1.272.2
1,279.8
1,275.6
1,272.3
92
1,801|.8
91
91
91
91
1,812.3
1,802.0
1,777.3
1,831.0
1,309.0
1.305.3
1.880.
1,891.6
I.8OU.7
1.790.7
1,283.1
1,275.2
1.75't.5
1,306.9
1,306.U
1,306.6
1,302.0
1.303.3
90
91
91
In
exchange
Total bills
ootstandlnc
(as of date
shown In
first eolamn)
35-7
38.0
36.8
33.5
1.277.2
1,272.2
1,273.5
I.803.5
1.892.0
1,895.0
1,767.8
3.
10.
17.
2U.
1,922.8
1,990.7
1.950.6
Aaoont on
f Ixed-prlee
basis 1/
Aaoont of
aatarlag
issoe
(as of date
shown In
first ooloan)
17,051.'!
17, olt6.lt
17,038.9
17,032.8
17.033-2
17,023.0
15.
22.
29.
Oct.
»o».
Sot.
lOT.
Hot.
Sept.
5.
Sept. 12.
Sept. 19.
Sept. 26.
Dec.
Dec.
Dec.
Dec.
12.
19.
26.
3.
I9't7-Jan.
2.
10.
17.
2U.
Jan.
Jan.
Jan.
Jan.
16.
23.
30.
91
91
91
91
91
reb.
»eb.
fob.
Feb.
6.
13.
20.
27.
91
91
91
90
1,805.1
1.755.9
1,826.8
1,799.6
1.312.2
1.313.7
1,313.7
1,312.5
1,282.8
1,291.9
1.279.9
1,286.2
29.lt
1.315.'*
21.8
33.8
26.3
1.313.7
1.308.U
1,302.2
6.
91
91
91
91
1,768.9
1,817.1
1.315.5
1,308.9
1,316.6
25.9
27.6
26.6
25.0
1.309.0
1,305.3
l,78'».l
1.81(1.5
1,289.7
1,287.2
1,282.3
1,291.5
2,892.6
2,057.0
1,292.1
1,287.0
1,287.8
1,292.7
1.286.8
19.1
2I1.8
1.306.9
I.306.U
1,306.6
1,302.0
1,303.3
17.037.5
1,786.7
1.311.3
1,311.6
1.315-7
1.316.1
1.311.7
91
91
91
91
1,723.1
1,773-3
1,779.3
1,781*. 2
1.3099
1,302.0
1,312.0
1,301.6
1.287.1
1.282.7
1.289.6
22.8
19.2
22.5
17.0
1,312.2
1.313.7
1,313.6
1.312-5
17,071.9
17,060.2
17.058.6
17.047.7
91
91
91
91
1.315.5
1.306.5
1.316.6
1,308.0
1,292-6
1,281.9
22.8
1,295.''
1,285.8
21.1
22.2
1.315.5
1.31 It.
I.3O8.9
17.0*17.6
1,836.5
1,863.9
1,823-5
91
91
91
91
1,721.8
1.303.2
l,8l»1.3
l.3l'>.5
1,108.1)
1,288.0
1.293.6
1,087.3
1,082.8
15.3
20.8
21.1
17.6
1,959.8
1.707.0
1.761-3
1.079.5
20.lt
1.0911.5
1,807.3
,099.9
,111.6
,202.5
,203.5
.311.5
1.185.8
1,184.5
1,297.6
17.1
16.7
19.0
13.9
1.879.9
,307. "t
1.9'>3.l
,303.2
1,961.0
1,816.7
,305.'«
1.293.0
1.285.9
1.288.3
1.087.1
lU.U
17.3
17.0
16.5
Aug.
Aug.
Aug.
Aug.
Aug.
1.
8.
Oct.
Oct.
Oct.
Oct.
Oct.
31.
Hot.
Kov.
Jot.
Not.
7.
l"*.
21.
29.
Dec.
Dec.
Dec.
Dec.
5.
12.
19.
26.
19U7.Jan.
Jan.
2.
Jan.
Jan.
Jan.
9.
16.
23.
30.
yeb.
reb.
reb.
reb.
6.
13.
20.
27.
Mar.
Mar.
Mar.
Mar.
13.
20.
Apr.
Apr.
Apr.
Apr.
10.
17.
6,
27.
Source:
Note:
May
May
May
Nay
21.
29.
5.
9.
13.
20.
27.
3.
10.
17.
24.
1.
8.
May
15.
22.
29.
June
June
Jane
Jane
12.
I9.
26.
5'
91
91
91
91
91
211.
1.
July
31.
8.
7.
29.
Aug.
Aug.
Aug.
Aug.
21.
28.
91
91
91
91
91
512.
19.
26.
U.
Sept.
Sept. U.
Sept. 18.
Sept. 25.
91
91
91
91
15.
22.
June
June
June
June
Apr.
Apr.
Apr.
Apr.
7.
lit.
July
July
July
July
3.
Mar
May
May
May
May
Mar.
Mar.
Mar.
Mar.
31.
3.
10.
17.
2U.
l>l.
1.76l.'t
1.7011.8
1,873-''
1,693.6
1,665.3
1,7'«6.3
Public Debt Serrlee for data on nav Iseuaa; Sally Treasury Statement for data on maturing iesuai and amounts outstanding.
See Annual Baporte of the Secretary of the Treasury for back
1,315.'»
1,313.7
l,308.U
1,302.2
1,3011.8
1, 303.1*
1,3111.8
I.IOO.U
,103.7
^
1,27'*. 5
1,272.1>
1,271.0
1,273.8
1.28lt.6
29.lt
1,3011.8
l,303.'t
2li.5
27.9
23. It
2I1.7
1,316.6
17,0311.0
17.023.8
16, 987. It
16,989.6
16.999.8
17.006.
17.015.9
17.020.0
17.033.1
17.01*2.6
17,051.7
17,065.8
17.0711.2
17,039.3
17,0*6.9
17,038.*
1,311.3
1,311.6
1.315.7
1,316.1
17.030.1*
628.9
1.3U-7
16,398. It
6I16.U
706.lt
1.309.9
1,302.0
1.312.0
1,301.6
16,200.1
16,100.6
15.992.0
16,001.8
1.315.5
1.306.5
1,316.6
1,308.0
15.993.8
15.990.5
15.979.3
15.775.0
720.9
830.8
799. "»
762.8
761.7
6olt.3
17.033.2
16.825.9
16,610.2
figurea.
Tandara for $200,000 or less from any one bidder are accepted in
full at 99.905 per hundred.
..
August 1947
35
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2*- Prices and Rates of Treasury Bill Offerings
Total blda aceoptad
Bate of
iBaae
CoBpetltlTe blda accapted
Hl^
ATora^
EqulTalant
prioe
par huAdrad
rata 1/
avera^
Iqol Talent
rate
per
boiulred
99 905
99.905
99.905
99-905
0-375
0-375
0-375
0-375
99. 908 2/
O.36H
99.9O8
99.9O8
99.907
0.361t
Jnly 5-Julj 11..
July 1«..
99.906
99.905
99-905
99-905
0.376
0.375
0.375
0.375
99.9O8
99.907
99-907
99.907
99-905
99-905
99-905
0.376
0.376
0.376
0.375
0.375
Jtlly 25.
ill«.
1..
An^.
8.
Mi«. 15-tag. 22..
lag. 29.-
99 -90s
99-90*
rate
1/
(Poroont)
CPeroent)
6..
Jnae 13<
June 20.
Jna« 27 ••
19146-JTuie
IqulTalent
per
hundred
(Peroent)
99.905
99.905
99-905
99.905
0.376
0.376
0.376
0.376
0.368
0.368
0.368
0.368
99-906
99-905
99-905
0.376
0.376
0.376
0.376
99.907
99-907
99-908
99.908
99-907
0.368
O.3S8
O.36U
O.36U
O.36U
99-905
99-905
99-905
99-905
99-90'>
0.376
0.376
0.376
0.376
0.376
99-905
99-905
99-905
99-905
0.376
0.376
0.376
0.376
O.36U
0.368
99905
S.pt. 5..
Sept. 12..
Sept. 19..
Sept. 26..
99-905
99.905
99-905
99-905
0.375
0.375
0.375
0.375
99-907
99.907
99-907
99-907
0.368
0.368
0.368
0.368
Oct. 3.,
Oet. 10..
Oct. 17-.
Oct. 2'*..
Oct. 31.,
99.905
99.905
99-905
99-905
99-905
0.375
0.375
0.375
0.375
0.376
99-908
99-907
99.907
99.907
99-906
0.36"t
0.365
0.368
0.368
0.372
99-905
99-905
99-905
99-905
99-905
0.376
0.376
0.376
0.376
0.376
Hot.
7..
loT. lit..
Hot. 21..
Hot. 29..
99.905
99-905
99-905
99.906
0.376
0.376
0.376
0.376
99-907
99-907
99.907
99.907
0.368
0.368
0.368
0.372
99.905
99-905
99-905
99.906
0.376
0.376
0.376
0.376
Boc.
5.
Sec. 12..
Dec. 19.
Doc. 26.,
99.905
99-905
99.905
99-905
0.376
0.375
0.375
0.375
99-907
99-908
99-907
99.907
0.368
0.368
a.368
99-905
99.905
99.905
99-905
0.376
0.376
0.376
0.376
19U7-Jan.
2.
Jan. 9.
Job. 16.
Jsn. 23..
Jen. 30.
99.905
99.905
99.905
99.905
99-905
0.37'«
0.375
0.376
0.376
0.376
99.907
99-907
99-907
99-907
99-906
0.368
0.368
0.368
0.368
0.372
99-905
99-905
99.905
99-905
99-905
0.376
0.376
0.376
0.376
0.376
Fob.
13.
TOk. 20.
feb. 27.
99-905
99-905
99-905
99-905
0.376
0.376
0.376
0.376
99-906
99-906
99-906
99-906
0.372
0.372
0.372
0.372
99-905
99-905
99.905
0.376
0.376
0.376
0.376
Mar.
6.
Mar. 13.
Mar. 20.
Mar. 27.
99-905
99-905
99-905
99.905
0.376
0.376
0.376
0.376
99-907
99-906
99-907
99-906
0.368
0.372
0.368
0.372
99.905
99.905
99-905
99.905
0.376
0.376
0.376
0.376
Apr. 3.
ipr. 10.
Apr. 17.
Apr. 2>t.
99-905
99.905
99-905
99-905
0.376
0.376
0.376
0.376
99-907
99.907
99-907
99-907
0.368
0.368
0.368
0.368
99905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
Nv
Mv
Mv
15.
22.
29.
99.905
99-905
99-905
99.905
99.905
0/376
0.376
0.376
0.376
0.376
99-907
99-906
99-908
99.906
99.906
0.368
0.372
O.36H
0.372
0.372
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
Jmie ^.
Juno 12.
June 19.
June 26.
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.906
99.906
99.907
99.906
0.372
0.372
0.368
0.372
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
6.
F0I).
ntf
Ma,
Source:
Note:
1.
8.
Public Debt Serrlce.
See Anmtpl Eeporta of the Secretary of the Treaoury
for back figures.
^
0.36lt
Bank dlBCOont baels.
Bicept $500,000 at 99.930.
99905
.
Treasury Bulletin
^^
Sales and Redemptions of United States Savings Bonds
subscribers except commercial banks.
United States eavlnga bonds were first offered for
Bonds of series A-D were sold
In March 1935.
between Maroh 1935 and April iglH. Series E, F, and
however, were permitted
sale
bonds have been on sale slnos Hay
Series A-E bonds
are
1,
certain periods
bonds
sold
and yield 2.90)8 per annum If
held to maturity. Series P bonds are 12-year discount
bonds sold at 7k% of maturity value, and yield 2,53^
bonds are 12Series
per annua If held to maturity.
at 75!t of maturity value,
37,
bonds
series A-D
"Treasury Bulletin" for October
any
17,500 Issue price In
bonds were available
to
one
subscribers
all
prior
Matured bonds
19*^7.
1,
iglf-O,
limit
for
price
In
until
year 19^1
).
are
all
turned
In
for redemption are In-
figures on redemptions.
Matured bonds
reflected In the Interest-bearing debt
bonds of
the series have matured, when they
ceased. In accordance with the
Treasury Statement.
In
the
following tables
practice of
the Dally
figures are quoted
sales
at Issue price, and redemptions and amounts outstanding
series F and G combined Is tlOO.OOO Issue
any one calendar year (#50,000 In calendar
bonds
andA-5,
are transferred to matured debt upon which Interest has
to
ar.d to
Series F and
the
In
outstanding are
Individuals only after that date.
Purohases of series E bonds are limited to $3,750 Issue
price In any one calendar year, and may be made only by
Individuals (defined as natural persons only). The
April
A-**
Series A bonds matured In 19'''5, and series B bonds
Series C bonds began to mature In January
These
calendar year.
pagee
19''-5.
In 1946.
limited to
were
For
restrictions.
For details concerning
footnote 9, and page A-22.
Investment yields, and redemption values see
cluded
of
certain
features.
year current Income bonds, sold at par, bearing interest at 2-1/2)8 per annum, and redeemable at par at maturity or at stated prices less than par before maturity.
Purchases
with
Commercial banks,
purchase these bonds during
details concerning these periods and restrictions see
page 36, foot"Treasury Bulletin" for December 19'*''^.
note 9, and "Treasury Bulletin" for February 19'*6, page
19'^1«
10-year discount
and
to
at current redemption values.
Amounts of series
out-
standing are quoted at par.
available to all
Table 1.- Sumnary of Sales and Redemptions, by Series, as of June 30, 1947
iaouBte outstandlac
Unltal StaUa
Salaa 1/
•aTlD4s« bonds
Accrued
discount
8«l*a
plus
accrued
ledeaptlou
III
Matured series;
Series A.
Series 1...
UoBatured serlee!
Series C
Series D
Total. Series C and D.
Series
Series f.
Series 9.
Total. Series 1. t. and
Total. Series C-O.
Total. Series A-O.
to sales
plus accrued
discount
allllons of dollars)
52
255
W3
2U6
U33
10
30
i^
ST"*
Its
718
679
Mo
1/
1.010
2.365
23U
372
1.2't5
i»99
7"'6
lto.09
2.737
51U
2.223
18.79
3.375
606
3.982
1.013
2.96«
I16.U16
1.3S8
110
ut.sou
3.617
15.732
16.997
519
1.238
30.807
3.098
3.506
15.732
»
Interestbeerlnc
debt
93
.
Total. Series A and B.
2/
Nstured
debt
dlscoxint
Percent of
redeaptlons
lit.>t9>t
6?.65U
1.1198
67.152
IB.75U
"•8.398
69.029
2.105
71.13l»
19. 767
51.367
69.603
2.250
71.g52
20.
IM
uo
51.367
August 1947
35
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- History of Sales and Redemptions
iBomt outiiandlBC
BadABptiona 2/
tmltm
y
Aceroid
disco UBt
ploa
•ccnisd
discount
tklai
prlco
Accnod
Notorod
dllCOUBt
dobt
lataraatboarlBC
dabt
Parcaot of
•ODthi/
radaaptioai
to aaouBt
oat«tandlii«
(la llllaoa of dollara)
HI
aarloa
riicAl Toaroi
I9)i-\.SM
3.120
96
19»1
i,>l92
65
19112
5.99»
u
19*3
U,7«9
12s
19ltU
15.U96
X«.I91
9,612
T.ZOt
223
3«7
73
19'»5
19*
1917
CaiondAT yaarsi
191^19"<0
U:
3.215
1.557
6.0(2
11.916
10.
«»1
21.256
2.371
lO.llll
6.717
7,899
5.5l»5
379
16S
ISUi
1913
102
169
3.573
3.113
9.259
13.«9«
l9Wt
16.
044
295
16.339
19>>5
19I16
1.2.937
77
301
113
201
15.721
15.27«
3.'*?
3.036
9.157
13.729
19'tl
311
llK
207
13.1121
>).29<
3119
2.35i
1.252
6.579
13*
369
162
9
6
l.5«5
'is
1.576
3.311
5.55»
6.127
3.321
5.172
6. 213
153
7.127
6ito
8.067
9^
7U
52
56
1.026
761
671
1«3
616
tfTil
572
50
622
MW
DM
5I4O
Juna
Ug2
52
76
155
121
133
69.603
2.250
71.«52
3.120
828
96
3.215
893
311
lis
87
92
133
88
1.311
IH
>i.6a6
t5.586
18
6
15.050
27.363
9
20
185
11
87
30
61
20
20
55
50
86
19.0J5
51.387
10,361
18,183
19.776
Nootbi:
l^U^-itmMrJ
f abruazy
Naroh
total, InoapttoB to Joaa 30, IJll?.
fiscal jaara:
1935-1910
1911
1912
1913
1
19IU
1915
19I6
1917
96
55«
96
20.
3,119
199
1911
1915
I9I6
Montha:
1917-J«»™«I7
8
67
121
3.573
576
379
155
loit
21
12
10
29
9
751
1.700
1.692
3. 919
2,968
66
3«
33
6
9
30. 19I7.
10
87
19
13
6
AuM
1.26
1.06
1.00
179
302
"•7
to
3.010
2.987
2.968
226
390
38
32
30
JOM
15
12
10
107
7
(Cotttinuad on followliic paca)
3.195
3.616
3. 603
3.6lf
2.77
107
8
17
87
7
3.625
3.585
3.565
2.968
3,100
3.068
3.037
70
^ril
18
10
61
55
50
78
7
2.905
3.650
3.60I
3,608
3.638
3.177
3,il8
a.
9
51.367
11
87
9*
16
40
6
100
105
7
.82
.81
6
91
9
51.117
5l,2lO
51.367
15
12
9
100
105
16
10
369
118
97
71
HbroAry
.96
• 78
.88
7
72
M2
50.313
50.717
50.915
5
6
6
117
2I2
Hardk
lae^Uoa
301
112
126
(2
79
107
77
19
A. a.
113
107
90
135
M6
\^
Calandar jraara:
1935-I9IO
1911
19l2
I9I3
Total.
^1
86
92
K9
7
1.I0
Treasury Bulletin
36
Sales and Redemptlans of United States Savings Bonds - (Continued)
Table 2.- History of Sales and Redemptions
-
(Continued)
liteaptloas 2/
•alM
1/
oonwd
Uteoont
plua
aooru«d
dlieeonk
Total
(I9 alllloM af Aollan)
Sanaa
Tlacal /aarai
I9UI
19U2
66U
5.993
2
36
127
I9>t3
U.7«9
I9W1
19"»5
15,>t9«
l<i.S9l
19116
9.612
I9't7
7.20(
2SU
167
5»5
2.537
9.157
12
CalandAT /aarai
19UI
19l«
m?
19U4
7''
16!^
12.937
7.'«7
191*5
Wilt
195
379
533
Naathai
l^T-JmuiT
952
ftbrwx*
••••-
MHrah
*»rll
*f
II6
lama
Total,
lasapUoa to Jima
1. I,
)0,
1^1-
IM2
67
65.65U
l,U9S
asd a
talti
prle*
iAemad
AaovBt
outs tan dlag
(Intaraatbaarlag
dlaoouat
datt)
Parcant of
onthl/
radaaptlona
to aaouat
autataadlo4
August 1947
37
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued)
lAdaopkloBS 2/
Salai
aalai 1/
Aoonwl
dllOOUBt
•eerwd
alai
dlteonnt
prle*
(In
HUtou
Iccruad
dlieovmt
AaouBt
outitandln^
(lBt«r«ii-
?«ro«at of
l*bt)
r«d«Bptloat
to aaouBt
outitandlac
onthl/
dsUan)
of
l«rl» t
ftooal 7««rii
IjUl
19UZ
67
"35
I9l»3
iSWi
19U5
T5«
102
679
19>t6
I107
19'*7
358
"•7
isue
20«
652
2
19"t3
7>»5
1»
19IA
773
13
19't5
595
325
25
67
67
2
9
19
33
7§
m
69s
3
17
5«
itito
«9
1U9
1405
203
3
17
57
H
l''7
UM
1.2112
1.996
2. ecu
2. 895
3.098
CaloBdar /•arai
I9l»l
igus
llO
20s
65^
750
7«6
621
365
7
7
35
35
77
106
189
lOU
185
207
85U
1.569
2.278
2.793
2.969
lU
21
20
3.013
3.03*
3.052
.72
.68
3.07't
.1*6
77
Monthol
19U7-Jutuar7
T«bniaX7
March
Ik
22
53
111
*rll
•tajr
Job*
Total, laoaptloa to Joaa JO. l^kT.
Tlscal 7«ar«i
19UI
I9ll2
19'tJ
I9UU
19't5
19116
19't7
35
39
21
33
85
22
36
29
2S
lU
16
1«
3.506
3.617
395
2.032
2.759
2.876
2.658
395
2.032
2.759
2,876
2,658
13"*
13!*
220
220
2.1*65
2.5»'6
2,1*65
2.5'<6
^9
1.185
2,516
1.185
2.516
2,61*0
2,61*0
2.891
2.520
2.637
2,891
2.520
2.637
181
89
181
26U
26U
1*26
1*26
38
lU
3.088
3.098
3.098
1
1
39U
12
12
2.U11*
55
3l*«
1*69
Calondar jreara:
191*1
191*2
19V
191*1*
191*5
19I16
2
2
29
89
29
Monthal
191*7- Jaauaiy
Tabnuu7
March
,.
J^jrll
»V
Jona
Total, lacaptloa to Jiaa 30.
361*
36I*
278
209
278
209
191
15s
191
1*7
11*3
19>t7.
15.732
I]
15.732
l.23«
1*7
•
•
51
59
Treasury Bulletin
3«
SaleB and Redemptions of United States Savings Bonds
-
(C!ontlnued)
Table 3.- Sales by Series, Classified by Denominations
Sale* la lllioa* of dollars at lisue prlea
Parceata^a dlatrlbutloa of aalaa
DeaoaiDatloB
SeQOffllnatlOB
Total
all
daaoBloatloai
fiscal yaarai
19U1
19U2
1913
191*
19U5
19Ut
n't!
203
3.526
g.271
11.820
11.553
6.739
't.303
»10
ll*
12
16
Calaadar /aarij
19I1I
1,11*5
19112
5.98?
10.3IA
12.380
9,822
27
85
U.I166
31
19't3
19*
I9't5
19I16
Months:
igUy-Jaa
Total,
Tab
Mar
535
39*
372
i*r
Ha7
J\me
3U9
305
317
locoptlon
throu^
Juns JO, ISUj..
I16.U16
«25
i/
119
»50
$100
tzoo
2/
500
(1.000
5.000
$10,000
Total
all
daaoalaatloaa
»10 1/
aad
125 2/
50
100
aad
200^
500
5.000
and
$1,000
10.000
and
August 1947
39
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 4.- Nunber of Pieces Sold, Classified by Denominations
(Thouaanl* of pl*c«t told)
DanoBl nation
Total
all
da&oal>
tlO
natlou
i/
HOO
»50
*^5
(200
500
1,311
«0U
1,698
2,686
3.725
3.535
2.065
1.651
5.000
11,000
110,000
nioal 7«arai
1.905
55.947
19UI
19W
19^3--19IA
X9^5
191(6
W"*?
Oalaadar yaarai
19kl
19U2
a5.ro9
305. 9»6
303,116
165.039
71.612
yo.527
191*
253.078
93.502
iw
353
9.107
28.828
•3.800
221,28i|
9.223
«.505
2.095
13.219
135.227
270,061
iHS::::::::::::;::::
767
32,832
159.369
3.512
11,3(1
209,>l80
112.071
"•5.995
2U,27'^
U6.0ltl
10.938
3,W
6,077
2.1185
9'».35'>
l?i.333
18.999
37.060
a3
'•7.915
172.9>i«
28.915
36.077
2U,55i
8,U92
226,
IOC
552
10.837
22.851
3U,lA7
32.083
IU.693
7.83U
17.8lt2
>>,191
62.769
37.773
13.757
153
119
IIH
U,129
1.015
818
3.37'i
5.703
3.602
852
903
655
666
ItoJ
5.570
5.030
112
9U
Jbaa
J.I5U
76
3.561
3.216
3.268
880
812
8*5
1.U9.33''
19,823
781.815
163.296
769
918
125
m3
1.975
2.730
2.800
2.121
2.2U9
612
2.282
600
1.751
3.3"«)
2.1120
2.88lt
3.856
2,98U
1.505
2.669
1.870
Monthii
19U7-Jamai7
fabru*Z7
March
isrll
Total, laeaptlsn throufb
Juna 30, 19117
6.793
5,>i6lt
llU
69
3"*3
239
207
65
iS
632
580
620
63
55
61
133
115
121
188
158
l?3.296
2,11U
15,U69
13. '•92
28
300
100
7H5
1.090
1.231
1.071
937
933
162
Barlaa t and
flaeal yaara:
19U1
191)2
19l»3
19W
19'^5
19116
19'^7
P
233
2,110
3.251
3.869
3.326
2.323
1.99«
60
72
77i«
216
l,lli9
l.i>23
303
Il87
610
532
371
327
1,156
6ii9
126
W13
18
106
iS
128
117
12lt
28
112
157
153
ll|8
12U
127
Calaadar yaara:
901
2.902
3.62U
3,821
2,807
2,098
19l^l
191*2
I9I13
191*
19115
19"*
Nontha:
19'«7-Januai7
121
277
1.077
1.317
156
270
325
22U
56
373
899
Ui9
565
613
W17
1191
3110
1,195
1.188
978
957
37
31
103
88
1.39'^
71
99
lll2
971
1H9
128
21
17
l't5
115
127
227
191
162
u
••5
fabruary r
March p
ll
Ul
3*
26
77
Ik
12
10
iprll p
l'^5
ll
31
22
131
2
U8
2
29
26
21
19
9
9
11
H«7P
67
62
56
8
7
17,106
i,oii9
5.656
2.655
6.ia(
792
«9
Juaa p
3
11
7
Total,
liraptlwa through
Juaa 39. 19*7
._
Sourca:
p
r
1/
Dally Traaaury Stataaant and laporta tnm Tadaral laaarra Banka.
?rallBlnax7.
Sarlaad.
Sala of $10 denoalaatlon Sarlai I boada »a> antlurlud haglnnla<
Juna 191^1i for aala to tha araad foroaa only.
2/
2/
_L
Sala of 925 danoalnatlon Sarlaa T bondo vaa authorlsad In Dacaa
bar 19I1I.
8ala of 1200 danoalnatlon iarlaa I bonda bagan In October I9I15.
Treasury Bulletin
40
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 5.- Sales of Series B Savings Bonds, Classified by States
(In thousandt of dollars)
Stat*
.
.
,
41
August 1947
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 6.- Sales of Series F and G Savings Bonds Combined, Classified by States
1/
(In thouBanda of dollari)
Tstftl
191*6
Inception
through
Juna 30,
Juna
jQl7
2,191
U7U
1.90?
881*
1.355
1,019
15,080
2,961
3.825
25.51*7
3.229
''.937
1,180
2.596
889
2.893
U.H65
1.137
2,563
2,850
1*95
2,559
2.1*89
2.'*39
629
266
27.1*31
18, 3S
8.839
7.135
3.673
8.971
8. 601
5.281
2,791
1.527
5.536
2.912
5.1*75
19^7
S«pt.
Oct
Hot.
1,1*78
1,'*98
1.62)t
3«2
702
1.299
367
587
1.558
571
1,107
608
513
1.238
16.767
12.876
'*.052
2.699
12.637
2.329
2.530
11.952
88
lt,020
Anc
Xar
Apr.
1.638
552
l,62U
1.755
521
1,76«
16, 189
Jan.
Teti.
2.770
961
1.670
K«jr
June
191*7
Alatiamft.
ArltonA
,
Arfcaasat
California
Colorado
Connecticut
UU,572
87.236
,
15«,8lft
371.368
Delaware
Slat, of ColUBbia,
Florida
,
Oaorgia
Idaho
Illinola
71.378
165,820
210.573
181,863
W*.l33
l.'t«i,763
3.2'*'*
21*,
82U
13.860
1.750
2.260
31,059
3.501
1.967
9.9'*5
21.306
2.670
3.998
1*13
368
1,'«)6
1*1*0
1.3ll^
1.718
2.935
i.Wo
2.625
1.660
2.355
l,66U
3.207
2,003
395
2.059
603
15.091
1.302
505
13.702
2.162
li>.066
775
16,037
6,190
6,201
2.131
5,305
5.169
3.05»
5.359
6.387
2.595
'*.319
5.96lt
6,103
6,
i,7»
2,
8.838
3.109
3,715
1,662
1,629
2.578
1.727
861
2,860
1,711
820
l,7l»l
2.1*63
2,501*
6.527
6.289
5.830
2,9l6
5.198
1*32
2,936
3,238
1,601
1.636
518
1,OUO
996
926
13,287
1.939
2.215
10.680
1.590
2.323
11.588
2.01*5
2,000
711
3.398
2.760
2,5W*
2,796
1.860
1.61*6
2.1*97
2,509
1,6U2
1,915
1,961
925
21.362
1.619
765
25.188
1.681
1.088
20,890
1,321
620
16,230
16,298
12.023
15,722
6,311
7.063
7.880
6.361
15,186
5.061
6,603
10,771
2.9T7
5.096
7.?r6
5.030
2.71*7
2,811
2.962
1.615
I.IU6
6,959
2.977
3.168
5.396
1.653
1.19'*
3.580
1.827
1.318
3,221
2,022
1.172
3.119
1,900
887
3,861
1,813
903
6.1*98
26,863
3.855
13.029
8,213
3.307
9.6«3
5.512
2,818
10,115
5.555
3,288
8,850
5,50H
6,270
6.325
11,287
2,313
13,517
6,685
5.392
1.173
7,067
5.580
1.131
1*,719
6.^
952
5.178
3.605
805
6,570
1.21*5
'*,523
1.233
6.113
100
905
U,007
220
782
3.516
157
6.U93
3.205
1.151
1*1*.
288
1,802
1*96
Indiana
Iowa
Eanaaa
"•39.737
Kentucky
Louisiana
Maine
239.395
189,553
Maryland
Maaaachusatta.
Michigan
282,235
938,030
553.960
5,173
ll,U25
19.858
9,1*00
8.770
3,591
12,175
7.339
5.11*8
2.617
7.OOU
7.0U6
Minnesota
MiaBlaaippl
MlBBOurl
387, 5U7
8.675
1.978
10.372
5.587
1.092
8.058
'.733
1.052
6.795
't.707
U,l*28
6,71*2
99,660
522.158
6,795
1.226
10.752
871
5.92"*
858
5.371
1.105
7.156
Montana
Nebraaka
»t,15U
210,281
706
986
918
2,71*7
3.81(8
3.180
570
2.923
168
876
2.751
80
816
3.639
262
1,698
6,379
1*72
192
1.357
7.837
370
38U
6.625
609
5.235
330
689
6.176
396
2,952
13,128
1,008
8.583
226
619
6.729
370
6U3
5.636
206
550
5.215
199
82,893
5,168
2,321
69.322
33.631*
2.790
23.979
3.138
26.3U3
3,3'*6
31,808
2,321
1,739
1.1*39
l,0l*3
8 16
908
9.978
1.585
1.510
6Ug
222.99b
1*72.
ll't.998
.
.
.
Feradft
,
Hew Tork
Korth Carolina,
North Dakota
,
.
.
.
Vermont
Virginia
,
Washington
West Virginia
WiacoDBln
Wyoming
Alaska 1/
Canal Zona
Hawaii
Puerto Hlco
Virgin Islarda.
Other poBsesalona
.
Salea to commercial banka Zj..
Adjustment to
Dally Treaaury
Statement
Source;
,
290
75U
531*
7.61U
1*10
iW
5.612
969
36,236
3.276
l*.131
lUU
3,653
75.91*8
853
1.26i»
91*6
1*2,
9.079
1.260
1.589
11.730
3.320
1.809
27.589
5,003
U.151
13.780
1.658
2,031
11.839
1.665
1,569
12,226
1.760
1.903
9.771*
15.832
82U
1.236
1'«.757
16.519
1.033
1.236
3l*.970
19,361
20.016
17,298
lU.iUl*
3. 1*75
1.881*
2.1*38
1.71*7
1,281*
1.632
988
890
1,118
1.296
1,157
1,893
3,713
1.521
2.262
5,288
10,352
1.963
2.706
6.91*5
1.855
2.292
5.865
1.758
2,331
U,97g
It,
1,988
699
1.686
1.527
5.726
1,3W*
1.099
5.737
U,l*50
622
291
1,880
376
515
2.725
U26
592
1,963
2,308
2.708
l,8l6
7,677
312
2.J70
911
6.767
568
3.106
22,591*
2,271*
15.557
1,182
1,160
67.232
1,51't
190.99'!
3.025
7.151
1.169
3.691
6.918
883
l,86U
2.11*5
1*57
I*,
l*,89l*
1*85,91*9
2.865
1.552
8.535
32,000
385
1*1*5
5.3t9
6,501
58,176
11
9
13.61*6
11*8
2,306
9,161
I.57I*
1.33'*
1.621*
2.151*
1,06s
1,01*1
6.1*56
5.209
1.271
1,618
•.979
1*03
1*86
2l*7
611
3.137
379
3.381
271
3.303
Wt3
270
3.055
2.671*
1,1*21
2.1*51
3.039
2.1*21*
1.121
l.'i65
1.111
999
2.1*01
5.617
731
1*67
U,2l*i
5U7
1*56
3,653
2,237
6,970
3,291
3.619
7.662
7,583
399
5. '•87
5.1168
5.911*
523
5.709
283
13,1*28
1*78
621
1,066
391*
6
6
1
22
3
51
18
32
lt07
179
6
36
1.375
17
66
1,\22
1*2
1*
-53.056
555
12
901
1*65
10
22
536
26
2
19
1
28
6
358
28
-1*0.071
3l*.963
8,088
2.183
6,671
-U.536
985
18
1*63
11,593
33.133
5.550
2,183
3,1*20
U50
10,682
1.775
2.211
27.321
2,727
1,722
507
1,001
7,890
1,283
l.5'A.798
l'w.737
517
359
1,1'*'*
27.582
2.912
1.031
23,515
2,052
2,316
U0,0't0
1*3,128
257.8'*6
11,1*38
2,51*2
22.008
20,095
3,062
1,668
1,817
595
7,1*56
27.70U
2.567
1,335
1,052.168
138,280
156,180
1,83'*
1*86
l,'t6U
7.31*9
2U,003
2,201
988
ll*.i*29
263.803
99.510
,
1*22
1.383
10.085
268
9,lU6
560
l*.99e
762
3.106
155
50,082
521,516
Utah
2, 111*
3,122,750
221,362
103,11'*
.
South Dakota
Tannaaaee
Tez&a
Total.
603,95'*
36,173
Ohio
Oklahoma
Oregon
PennaylTsnia
Bhode Island
South Carolina.
19,2''7
78,6U6
New Ranpahire
New Jersey
New Mexico
k.!M
10
61
1.316
1.1*U8
1.9*
91I*
5.668
306
2.3'-»9
12.835
1.253
960
319
1*18
2.922
I.0U5
6,585
U29
15
23
25
311
11
292
222
9
1*1*9
I
1*3.271
1.779
3,518
3.510
-17,003
318.579
2l*lt,002
223,715
183.292
165, 36U
29
812
903
895,1*80
6,933
19.238,11*5
250,157
366,510
2l*2
,
71*1*
185.265
192,577
Daily Treaaury Statement and reporta from federal Baaerre Banks.
Less than $300.
Monthly sales for Alaska are not aval labia after March 19^7State flguras exclude ealea of Series f and C bonds to commercial
banks.
Commercial banks were permitted to purchase Series T and
158. 8U5
206.696
1*16.902
bond! under certain condition* durinx the calendar year 19^^
(TraaBury Bulletin" for December 19'*'*. pa«« 36. footnote 9): from
June IS through June 30, 19U5 ("Treasury Bulletin* for february 19^*6,
page 37. footnote 9); and from December 3 through December 8, 19^5
(Treasury Bulletin" for Pebruary 19^. p«ga A-22>.
. .
.
.
..-
.
.
Treasury Bulletin
^2
Sales and Redemptions of United StateB Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(la thousandB of dollars at current redflmption valuer)
l^US
Total
Oct. 191*11Jme 19U7
July
Aug.
I'j^l
Sept.
Jan.
Oct.
*.e89
l*.877
2,171*
3.020
1.753
2.526
7.017
882
3,706
6,380
32,163
2,812
6,6U2
36,112
7.11*1
1,082
1.117
1,089
852
1*.83U
6.0J7
l*,671
1,023
5,368
6,71*7
7.U3:
31*
5.6Uit
5,225
2.183
2.812
5.853
1.911
3.320
2,01*1
l"^953
5.368
2.201
3.206
3,129
5,528
2,036
3.238
1,351*. 91*5
37.608
125.026
229.386
"•,357
1*2.836
3,961*
1*2,601
U.06I*
1*0,927
1*.818
7,336
7,506
Delaware
District of Colufflbla
Florida
33.2i8
163,659
232,770
1.11*1
6.1*75
7,11*5
1,160
U.890
7,109
231*
6,969
7,01*2
6,932
Georgia.
Idaho
200. 532
7,506
7,1*65
6,2ll*
6,38U
U3.899
1.069,606
1,59"*
1.516
31*. 530
1,1*88
5,702
1,307
35.391
1.376
35,892
6,038
1,288
32,183
Ul7,6l8
253,832
172,206
12.653
8.U90
6.078
12,188
8,011
11.926
171
6.277
173.968
171,172
57.799
5,372
5.298
1.892
5.68U
5,352
2,027
l*,73l'
Maryland
Massachusetts.
Michigan
189.901
6.681
12.597
27.839
6.155
13,621
26.900
6.13U
12.139
22.966
Minnesota.
Mississippi
Missouri
292,106
92.636
392.808
10.272
2,535
10.211
3,U£2
11,682
9,176
2.722
8,755
2.893
12.1*21*
13.121*
190,798
67.2»7
JUabesa
Arizona.
Arkoneaa.
•
California.
Colorado
Connecticut.
.
.
.
-
IlUnola.
Indiana.
Iowa.
.
.
Kansas.
.
Kentucky.
I^oulBlana.
Mai ne
.
.
'•18.293
876.532
.
.
Montana.
Nebraska.
Nevada.
.
New Hampshire
New Jersey.
New Mexico.
.
.
.
.
Ve ricon t
.
Virginia.
Washington.
Vest Virginia.
VI sconsin
VyoBlng
.
Alaska
.
.
Source:
Note:
11*.
981*
868
U.831
7.6UU
6,095
808
U,726
7,058
l,o6o
U.801
6,552
6.9'*6
5,132
1,215
5,78U
5,211
I.I1O5
36.021
25.297
30.I3U
1,501*
28.1*93
9.958
7.722
5,229
6,0l*U
9.1*53
7,292
9.978
5.330
6,331
i*.99ii
1*.221
l*,317
5.130
U.59U
I1.917
U.228
U.96I1
1*.708
11,031*
1.892
1.693
1,91*3
1,600
5.31*8
7.11*8
6,016
12,583
2U,73U
13.321*
U.952
11.862
23.555
20,01*5
9,228
2.967
11.160
7,819
2,675
8.502
2.620
10.716
13,680
7.586
3,1*11
2.1*81
8.386
2,690
10, 360
lU. 522
9.811
10,1*65
1.761*
2.0011
1.1*51
1,636
1.61*8
1,532
3.827
556
s
U.882
1*,080
U,l*£9
'•.127
1*.0'*0
783
561
529
51*7
585
1.016
1,089
1.151
12.829
1.065
1.052
ll*.U6U
f95
10.378
1.018
12.881
35,958
5.735
1.370
36. 759
1*0.1*63
5,523
5. '•73
1.1*7''
1.298
21,55"*
5,311*
5,71*8
21.91*2
20.931
U.860
691
568
1,198
1.199
589
ll*,821
11*. 1*38
91"*
1,1*02
960
6.515
1,690
39,201*
27,980
5.|73
6,689
29,087
6,382
36.386
2,315
1.I105
'•.556
1*,862
i*,i»67
'*,''65
'•.376
1*.281
1.359
1,565
1.690
1.621
5, Bill
1*.695
111.232
13.0,'S
10.1*71*
22.202
20,595
16.780
5,239
12.036
19,867
5,590
11.589
19.233
11,093
19,698
15,31*3
1,1*27
15,371*
1,008
1.311*
l'i.186
1.1*69
38,551*
1*7,1*01*
25, 359
1*8,597
1*7.698
1*7.651
5,920
6,011
11.91*1
1.381*
6,00U
1.231
i*,378
1,61*9
1.277
1.168
5,757
1,059
5.729
1,556
26. 1*63
25.313
8O5
5,31*5
5,61*7
3,757
163
5.580
5.000
2l*.'?58
6.01*9
21.809
U.65O
U.893
21*,
5.900
6.260
33.257
32.1*32
2.01*6
2.699
2.185
2,723
3U.U86
2.316
2.061
27.878
1.967
2,97"*
35,883
2,315
2.6U3
2,1*25
33.859
2,136
2,506
1,588
5,386
21,028
1,1*18
1.276
5.827
18,933
I.M07
5.595
15,310
5.981
6li8,5't5
2l*,817
19.1*20
1,132
U.776
16,623
1.151
5.157
19,271
2,059
580
6,772
2.316
1,1*19
21*.
70, 192
2,505
2,1*03
2.1*1*1*
2. 11*3
2.070
18.33li
719
678
650
2i*«,i*ii
8,990
673
6.651
7.251*
8.51*3
658
5.518
9.273
U.OIO
9,195
8.91*1*
1.091*
9.687
3.837
9,658
820
265
2U1*
316
303
366. 173
9.299
i*.696
IO.05I1
I161*
1,592
1,(68
796
1*73
2U
10
631.
2,633
677
2k
8,251*
18,572
5,039
5.728
'•,577
36.06I*
25,6UU
1.560
1,780
2.597
2.11*5
27.338
1.736
2.307
10,071*
5,205
5,220
2,1*82
1.316
"•.993
30,038
1,899
2,362
28.212
1.827
2.297
l.it59
1,1*311
1.120
6,021
19,677
l*.2l*2
l'.938
5, '•71
16, 702
18.956
17,287
1.276
U.902
16.79"
2.111
1.998
586
7.009
2,053
595
6.891
1,362
558
7.838
7.1*01*
5.981
7.066
8.kll
It. 098
9,186
3,66U
8.215
873
6.988
2.791
6,516
8.708
3.158
8.112
893
7.935
3.562
7,680
79''
7.691
3.612
7.899
901
173
377
2,717
209
223
1.628
208
1.995
235
309
1,837
2.011
721*
528
651*
709
566
16
7
10
2't
11
71*9
831
200
179
,62
1,1*59
691
2.1*59
Uli7
k68
665
33
13
18
931
5
307
6.1191
8,205
31''
1*81
785
238
1.861
983
1,316
9.135
2.576
10.
1.791*
216
2l*U
33.01*8
l*,557
11.201*
5,1*52
2,080
612
8.1*1*3
3. 731*
8,521*
1,21*0
'*.993
772
7.653
3,606
7.592
l*.l6l
8.858
1,356
9,813
7,023
5,138
1.091*
1*65
9,399
7,155
5,291*
1.295
10,153
1.262
6.93"*
5,207
1.198
27,585
5.035
5.397
1.913
638
6.51*3
857
U,681
7,389
5,280
1,313
13.596
1*1*.
3.891*
U.U8U
1,227
Adjustment to Dally
Treasury Statement i' 18.188
Total
33,736
3,683
6,371
6,1*1*5
36, 7l»3
7.832
5,377
70,286
19,763
538
Canal 2one
Hawaii
Puerto Blco
Virgin Islands.
Other possessions.
36,63s
3,915
6,333
1,750
3.328
295,960
133.770
287.013
26,870
.
6,759
3.795
5,798
1,750
3,776
706
11,231
.
1*0,1*95
3,1*33
'*,972
7,796
5,050
1.8B8
6.080
196. 96U
Utah
35,280
11.1*89
6.122
1*6.
10,1*93
1,930
2,878
71*, 056
91,833
ta.
061
11.922
9.51*3
2,062
3.555
1.110.1*80
.
1,862
2,677
10, 728
1*85
190.255
201.927
.
1.918
2.600
31.91*3
1*,U56
903.2ii6
Pennsylvania.
Rhode Island.
South Carolina.
1,762
l*,l*02
2.070
2,593
5.251*
2.103
057
2,117
1,392,969
190.097
39.817
.
5.11*5
201*
3.11*7
k.UZS
1.717
2.527
I*.
11,032
8,255
7.030
31*,
53.878
1(0,171
Ohio
Oklahoma.
Oregon.
7.511*
It,
May
l»,993
5,327
1,150
27,911
128. 2U6
20, 583
1(78,
New Tork
North Carolina.
North Dakota. ..
South Dako
Tennessee
Texas
12.93I*
ll.
31*.
^r.
reb.
708
305
303
3'^8
<-5,8l8
•30.830
-163
-18.687
*51,769
-19,1*21*
20.108
-19.311
-1,653
-5,271
20,U31
-1'*.995
86U
1*78.811
1*27.263
U32,Ul3
1*1*2.088
361.223
lililt.666
1*29.
8U0
339. IW?
385.216
1*03,160
361.168
1*66.
Dally Treasury Statement and reports from federal Beserve BanksIt should be noted that Stat© figures presented in this table are
not necessarily comparable with sales data by States Inasmuch as
bonds which have been purchased in one State may have been redeemed
Moreoirer. the figures shown in this table are based
in another.
on current redemption values, whereas the sales figures are shown
at issue price.
Data on redemptions by States are not available
prior to October iglll*.
Beginning with June I9I*? includes small amounts of unclassified
redemptions of Series f and
bonds.
August 1947
^3
Sales and Redemptions of Treasury Savings Notes
Treasury savings
ries,
series A
191^3,
series B
12, 19'*2,
sale
since
notes
from August
were
1,
Issued
iglll
three
In
through
se-
June 22,
from August 1, 19'*1 through September
series C which have been on continuous
September l^, 19'*-2. All of series A and B
and
and some of series C notes have matured.
Series C
value
each
notes
are
sold
at
and
par,
month, yielding 1.071^ per annum
accrue
If
in
held to
These notes
maturity (3 years from date of issue)
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.
investment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October 19'''5. pages k-^ and
A-5.
For details concerning the features of
and B notes, see "Annual Report of the Secretary of the
Treasury" for 19lt2, pages 207 and 220.
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-
tions.
Matured notes outstanding are refleotea In the
interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
upon w.iieh interest has ceased,
in accordance with the
practice of the Daily Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see "Treasury Bulletin" for February 19t|.6,
pages 1^2 and lt-3.
series A
Table 1.- Sunaary of Sales and Redemptions, by Series, as of June 30, 1047
(Xn Billions of dollars)
lT*aaur7 lavlsct aot«t
..
Treasury Bulletin
kk
Sales and Redemptions of Treasury Savings ^Jotee
-
(Continued)
Table 3.- Sales of Series C, Classified by Denominations
(In millions of dollars)
Denomination
Total
Flic&l year
or month
denominations
I9lt5
p
iglty -January.
February.
March p.
£18.1
209.2
275.3
April p..
May p
June p.
173.8
16U.3
569.6
.
Source:
p
tlOO
5.1*
2.9
$100,000
$500,000
$1,000,000
1.259.5
827.0
588.0
578.7
3,086.7
2.378.2
1,120.8
1,OOU.9
1.808.0
1.598.0
917.0
798.0
>tg.9
82. U
31*.
3'*.0
56.9
95.S
ltlt.5
37.5
62.0
56.0
60.8
62.1
155.0
25.0
25.0
121.0
26.0
169.0
$10,000
$1,CX30
15.000
2U.2
32.8
13.3
8.3
398.5
507.6
UlU.O
160.3
135.8
1.858.5
i.tea.o
.8
6.3
U.2
6.5
n.3
»500
10.5
13.6
8,953.7
7,015.8
3.525.5
3,056.6
igitit
igufi
19lt7
aU
261*. 3
102.7
68.3
.5
.8
.U
.6
3.8
U.8
1.5
U.U
617.'*
7.7
IU.2
8.3
35.'*
8.5
21.0
36.9
90.1
'»59.5
140.0
Dally Treasury Statement, Public Debt SeTYlce. and reports from
Federal Reserre Banks,
Preliminary.
Table 4.- Sales of Series C, Classified by Type of Purchaser
Sales in millions of dullars
fiscal year
or month
igWt
19U5
Total
Indlriduals,
partnerships
and personal
trust accounts
65U.9
Percentage distribution of sales
Corporations
2.837.1
92.7
93.8
92.3
92.8
19.0
11.1
13.8
199.1
198.1
261.5
100.0
100.0
100.0
8.7
5.3
5.0
9lt.7
18.6
18.1
23.9
155.2
100.0
100.0
100.0
10.7
51*5.7
3,25l».8
February.
March
218.1
209.2
275.3
April
May
June
173.8
I6U.3
569.6
19 1*7 -January.
Source:
lt3l*.7
Dally Treasury Statement and reports from Federal Reeerre Banks.
Corporations
7-3
6.2
7.7
7.2
270.7
219.5
191*7
Individuals,
partnerships
and personal
trxiflt accounts
100.0
100.0
100.0
100.0
8,953.7
7.015.8
3.525.5
3,056.6
I9it6
Total
8,298.7
6,581.3
1I16.2
u.o
U.2
91.3
95.0
89.3
89.0
95.8
u
2
.
,
August 1947
^5
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
l/
(In thouaande of dollaxB)
fiscal year
or month
I9U3
Amoont
outstanding
end of
fiscal year
or Dontb
213.350
196,518
177.598
95.976
69.930
igitu
ijits
19U6
ISU?
Exchanged for
United States
savlagB
tjonds 2/
Total
•A5,620 2/h/
-16,832
-18,920
-81,622
-26.0146
590.268
V
168
352,632
231.593
5l*lt,61t7
70,1*80
191, 1*71*
52,1*32
130,lt22
28,130
2l*,303
2.198
2.058
2.018
100.0
100.0
100.0
55.2
5U.6
l|l*.8
50.
1*9.6
1.775
688
1.528
100.0
100.0
100.0
52.1
50.5
51.7
lt7.9
1,708
2.391
2,582
U.907
2.709
-2, l'»3
-1,1*87
l*.533
2,lt75
069
2,051
iprll....
71,111
71. n't
69.930
-1.382
2,321*
3.706
-1, 18U
1.393
1.978
1.389
3.163
1.931
702
1.635
2/
^
I17U,
-3,199
Source:
Hota:
1/
Ca«h
109,852
26,386
287,331
73,980
,
Szchanged for
United States
saTlDgs
bonds
Total
100.0
100.0
100.0
100.0
100.0
1125,762
7b, 122
May
June .
Cash
2/
73.130
55.73s
61.052
liO8,930
268, Ull
I9U7 -January.
February
Mar ell
72, '192
Percentage distribution
of redemptiouB
Bedeniptlons
Net change
during
fiscal year
or month
It,
Daily Treasury Statement.
See "Treasiiry Bulletin " July 191*6 for back figures.
Stajspe sold prior to October 1, 19l*£ vere known as postal savings
stamps and vere obligations of the Postal Savings System but subsequently became public debt obligations.
Sstijnated on the basis of samples made by the Post Office Depart-
5/
87.1
32.8
80.6
6S.l
53.6
12.9
17.2
y
19.lt
31.9
it6.lt
lt5.U
1*9.5
1*8.3
Bet of sales less redafflptlons.
See footnote 1.
Does not include amouqts transferred from Postal Savings System to
The Treasury to cover outstanding stamps.
Includes minor amounts which were exchanged for postal savings certificates.
These aggregated $55,000 for the period July 1, 19te
through October 31. IJltZ.
¥
y
ment.
Table 2.- Sales, Classified by Denominations
Percentage distribution of sales
Sales in thousands of dollars
Fiscal year
or month
Total
all
denominations
Denomination
lOjC
191*3
590,265
126.327
igitit
1*08,930
268. Itll
102, 53I*
191*5
19U6
109,852
26.386
19I17
68,727
22,680
U,l6l
19U7 -January.
7ehruary,
March.
1,708
2,391
2.582
30it
April....
Hay
June
2,32l*
Ulio
1,393
1.978
217
.
Source
.
itil
1*68
2I10
Total
all
denominations
Denomination
50)<
$1.00
313.691
209.121
135.277
52,508
32.611
71.693
26,01*8
lt6,972
20.91*2
56. 115
32,583
15,755
12,720
9.619
2.827
i*,7oo
17.691
10,882
5.6«3
1,978
100.0
100.0
100.0
100.0
100.0
827
1.153
1,222
175
259
265
285
382
U37
116
156
1«9
100.0
100.0
100.0
18.lt
1*8.5
its.3
18.1
1,066
657
919
21*3
1*02
17lt
lUg
235
257
113
157
100.0
100.0
100.0
18.9
15.6
12.1
25^
Daily Treasury Statement; (2) Distribution by
(1) Total sales:
denominations: Based tq>on Post Office Department data.
1*27
$5.00
$1.00
$5.00
8.9
8.0
7.5
8.8
10.7
12.2
11.5
12.1
lt.lt
ilt.3
17.8
5.2
7.5
U7.1*
10.2
10.8
10.3
16.7
16.0
I6.9
6.8
6.5
7.3
1*5.9
10.1*
17.3
U7.2
10.7
11.9
21.6
10^
25*1
50/
21.lt
53.1
51.1
25.1
25.6
20.6
15.8
17.8
50.lt
51.1
Its.
1*6.5
I8.I1
lt.3
it.l
ks
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
.
>i7
August 1947
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(Ib
llllone er dollari)
S«curlti«a itauad by Unitod Stataa OorerBBsnt
Plitrlbutlon
U. 8.
Ind of fiaccl
TBar or Bonth
36. 576
39. 886
fe.3T6
•8.387
71.968
19>ie
135. 380
199. 5't3
19't3
igwt
19'^
256.357
lU
IS^ii
268,
igitT
255.113
19l*7-Jan.
I»b..
Kar..
Ipr..
Kay..
June.
>t.l<66
5.605
6,803
8,225
laaues
25U,lt27
31.585
25't.975
32,1112
255.113
32.967 p
laauas 2/
6,120
7.885
3.a3
255,800
Public
Spacial
lisuaa
2,10'»
St. 623
6.105
6.759
:
Public
2.676
3.770
lU.ogi
18,920
2U,93U
29,121
32,967
QoTe:
nt
agencies and
trust funds and
federal Beserre
unnatured
Banks
outstanding
V' 8.
.
Total
Sanks
1.791
1.835
2,028
2,U52
Distribution by classes of holders
PriTata
inveetors
fiaserr*
aarlcat- noDable
Barfcatabla
10,31*0
31.157
31.302
31.561
258, 378
258. U3
Public
claasas of holdara
Pedaral
Qoramaant
agenclOB and
trust fundi
Total
aaouBt
out•tandlag
Total
public
and
special
Isauea
1938
1939
1960
19U1
^
Securities guaranteed by United States 1/
'1.775
7
10,871
arket.
able
ISBuaa
Total
public
Public
arket.
able
lesuas
2.56U
2.551
2,U58
2,180
2,5Mo
29.5'*5
27.989
31.730
33.115
37.982
58,988
29, 579
7.l't9
23. 783
iiu.iin
165,725
209,630
215,206
't.55^*
6,360
1*5,1*81
13.507
U,5i*9
8l*,9l*8
29.193
UU.8U5
56.209
56.1U3
59.008
1*,092
170
1.516
U
57.120
57.729
58.119
262
58.575
58,826
59,008
171
171
83
5.56UP
21,872
200,2711 p
lUl,266 p
203,280
202.695
1U6, 160
201,61i6
11*3.526
200,985
11*2, 1*10
200, 7I4U
200,271* p
11*1,919
11*1,266 p
23.9111
2U,938
25.183
2«,117
22.593
6.268
5.919
5.56U p
37
25,280
26,186
27.366
21.857
22,068
21.872
37
37 P
Bosem Systea for sacurltlaa held tgr federal Beserre Banks.
Prellalnary.
Lass than $500,000.
Ixeludes obligations held by the Treasury and aatored securities.
The total aaount of securitias bald by prlyata InrsBtors is calcic
120,880
153.1*21
159, 06U
11*1*,
(1) D»lljr Treasury Stateaent for total aaouata outttacdliig:
(2) reports of agencies and trust funds for ssoirltles held by
U. S. OoTornaent agendas and trust funds; and (3) Fsdsral
5/
able
issues
33,1*28
l't.899
2lt,777
able
aarke table
issues issues
325
286
286
275
287
21.792
37
37
Public Public
Darke t- non-
''.853
18,812
22,332
27,366
37
ieeuea
arket- Don-
1,556
2,151
3.166
l't.287
6.3'»3
Public Public
29,950
10
17
30
37 P
6.328
6.3"«
Public
nonmarketable
966
5.'*50
5.1*98
1*09
167
83
PrlTate
investors
Issues U/
1*,528
5.161*
5.212
6.085
1*,262
115
176
6
9
10 p
181
175
9
10
10
arke table
1
3.738
1,186
28
3"
29 p
68
150
375
1*2U
1*5
36
36
217
135
130
1
36
126
125
29 p
'*5
lated by deducting froa the total aao^ut of securities outstanding,
the securities held by H* S* Ooremaant agencies and trust funds
and by federal Besorre Banks*
Includes United States savings bonds, Series A-7, at aaturlty value.
Consists of Coafflodity Credit Corporation demand obligations stated
as of the close of the previous month. In accordance with the Dally
Treasury StataDant*
U5
...
..
..
-
UU
U
Treasury Bulletin
ks
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par TaluoB 1/ - In blllioni of dfillars)
Held
Held by banks
Total
aaount
outstand-
Ind of
Bonth
Commercial
baska j/
.1B« a/
redaral
Reserra
XndlTlloala U/
Bazika
iDBurance
companies
b]r
noo-bank inraetora
Mutual
Bavln^t
baaka
Other
corporations and
asBociatlona
^
U7.I
18.
15-9
2.5
50.
18.6
19.5
16.1
17-3
2-5
2-2
19la-Juna
Decembar.
63.8
21.8
23-7
21.
19'«-June
Dsceabar.
76.5
111.6
28-7
26.0
''7-3
Ul.l
19l«3-IUrcb
118.6
50.1
ltl|.2
139-
59.lt
161.0
168.7
67.2
52.2
58.3
59.9
18$. 6
76.2
83.3
87.1
96.5
1939-Decenber.
19140-Juna
Daeeaber.
June
September.
December.
19U>UMarch
jTina
September.
Daeeaber.
June
September.
December.
I9'l6-Tebruar7.
June
September
December.
I9U7- January
yebruary.
March
.
May p
.
.
6U.0
68.lt
70.5
77-7
2^.8
97.
106.
260.2
276.2
107-3
115.0
278.5
268-6
26U.6
258.0
.116.7
108.2
IOU.3
97-9
258.6
258.3
256.0
97-9
96.8
9U.1
73-9
72.7
71.5
25U.6
255-1
93-5
71-7
70-8
233-1
I9't5-ll«reh
i^irll
201.1
209-3
230. u
71.5
19-7
929
77-7
8U.2
8U.0
90.8
8U!lt
80.2
7't.5
28-7
State and
local
gorernnents 6/
D.
8.
OoTernment
a^enclSB and
trust funds
J*9
August 1947
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Asencies. Mav 31. 1947
I present summary data as of
from the Treasury Survey of Ownership of
The tables In Section
May
31,
19't7
Securities Issued
or
Guaranteed by
for
approximately 95 percent
Section
I
-
Section II presents summary data
the United States.
The banks and Insurance companies covered in the survey
account
such securities owned by all banks and Insurance companies In the United States.
of
the amount of
the ownership
Bank debentures and Federal Home Loan Bank bonds.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary: All Interest-Bearing Securities
(In mllllona of dollars)
Classification
on
of Federal Land Bank bonds, Federal Intermediate Credit
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, May 31, 1947 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART A
ClasBificatlon
-
-
(Continued)
(Continued)
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CAU, CLASSES,
AND BY TAX STATUS- (Continued)
51
August 1947
Treasury Survey of Onershlp of Securities Issued by the United States
Government and by Federal Agencies, May 31, 1047 - (Continued)
Section
I
- Securities Issued or Guaranteed by the United States Government - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities - (Continued)
PART B
-
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDING
(Par values
lasus
(Tax status 6/ Is shown in parentheses)
-
In mllllona of dollars)
,
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Govemment and by Federal Agencies, May 31, 1947 - (Continued)
Section
I
- Securities Issued or Guaranteed
by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
-
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE 0UT3TANDINO-( Continued)
(Par values
-
in milllonfl of dollars)
Held ty Investors covered In Treasuor Survey
Total
Issue
Insurance ccin?)anlea
Banks 1/
ajnDunt
(Tax status 6/ is shown In parentheses)
outstanding
%0
7.J25
33
cconmerclal
Btock
sarings
banks
2/
"banks
mutual
sarlnge
banks
309
life
insurance
cco^anles
638 fire,
casualty
and marine
Insurance
companios
All U. S.
Gorermnent
agencies and
trust funds,
and Federal
Reserre
Banks
Held by
all other
Inrestors
i/
Treatury hond«-( continued)
Bank el Ij; lb le-( continued)
2JE
Decemboi-
igUS-JO.
2?i
June
September
IJltg-Sl
(partially)
(taxable)
I9U9-5I
(ta:iable)
571
l.OlU
1.292
December
December
December
ig^-Sl
(taxable)
2.098
19'*9-52... (partially)
l9'*9-53.-. (partially)
"191
March
September
September
(taxable)
1950-52
(talable)
1950-52
1950-52. ..(partially)
It.
1-1/2*
2-3/'«
2%
December
June
September
}*
Sf,
. .
'*57
I
758
1
i.oiti
I
12
"9
62
10
21
58
129
3
11
26
16
3
5
2
3't
5
eu
189
158
351
5
2
29
71
U6
22
6
1
5
1
1,786
1.532
366
l.3«3
1.963
939
1.186
1.519
3.298
1,013
8
2
(taxable)
1950
I95I-5U. ..(partially)
(taiable)
1951-53
2.635
1,627
7,986
1,612
1.253
5.367
2
10
22
I40I1
September
December
December
1951-55. ••(p»rtUlly)
(taxable)
1951-55
1951-53- ••(partially)
755
510
1,118
"35
375
922
I
3
2
March
June
December
1952-5U
I952-5U
1952-5U
(taxable)
(taxable)
(taxable)
1,02U
5.825
8,662
562
U.lUl
5.871
20
2U
(taxable)
1952-55
1953-55... (partially)
195'»-5^... (partially)
1,501
725
681
931
2
2-1/'**
June
June
June
2-7/8*
2-1 /3t
2-3 /U5S
March
March
September
1955-fiO... (partially)
2, 611
(taxable)
1956-58
1956-59.. •(partially)
2-I/I1*
September
June
December
September
(taxable)
1956-59
1958-63... (partially)
1960-65. ..(partially)
(taxable)
1967-72
256
3-1/8^
2-l/3J(
2*
2*
2i6
2-l/"<*
2-1/2*
2*
2*
2-I/I4*
2*
2-3/W
2-3/1(4
2-1/2*
Total bank eligible.
Total Treasury bonde.
Poetal aavloge and other boade
Postal savings bonde
Panama Canal bonde
(wholly)
(wholly)
Tctsl poetal eavlnpe and other bonde.
1
3''6
55
182
3
185
U2
981
30
87
11*5
965
175
563
60
l.lt2l
1
29
10
2
23
3
9
26
71
6
215
85
66
217
278
38
39U
'•87
U2
8
lU
1U9
887
58I4
1U9
178
3
I
2
1I4.
98
lUl
25
22
30
66
lU
77
11
"7
192
135
•
567
2
l,ltl49
1.530
765
8
93
3''5
982
728
31
9
16
3
2
3.823
919
,2U2
,102
,85't
92
660
"3
33
208
129
51
67
2,716
18
12
9
2
68U
10
l.lt«5
69.686
U6.920
3.157
3,936
l,Ui6
119.323
't8.l9U
11,297
20,650
2.733
116
50
12
166
lU
U20
1
Uo
178
II
150
1
6i'3
682
57
125
122
3
1
2
20
15
ito
59
'•3
50
128
1.5''l
150
U2
6U
771
187
127
956
30
223
Ull
12,190
6,513
29.516
36
65
Ug
36
113
28,017
U2,59lt
2
^
Guaranteed gecurltlee
Federal HoueId^ AdmlQletratlon debenture! 8/
/(partially)
L (taxable)
Total guaranteed eecurltlee.
Total public marketable securitlee.
^Note:
*
Xj
2/
^/
it/
6
Uo
lU
U6
169.972
U56
63.0'tU
The Treasury Survey comji.enced with data for March 31. 19^1 and
hae been published regularly In the "Treanury Bulletin" elnce May
Revlalone of data for September 30, I9'tl4 appeared In the
19'tl.
February IS^'^ Issue, page 53: reclassification of data on banVa for
the period Hovember 191(3 through February I'^kk appeared In the May
I9UI1 Issue, pages 52-57: rcvlelone of data on Insurance conpanlee
for May 31, 191(3 and prior months appeared In the Hovembor 19l(3
Issue, psges 52-63.
Less than $500,000 or less than ,0^j,
Securities held In trust departments are excluded.
Includes trust companies.
This column includes securities held by those banks and Insurance
companies which are not covered In the Treaeury Survey. See headnote to this section.
Issues which commercial banks may not acquire prior to a ST>eclfled
5/
6/
Jj
8/
11,7'W
21,056
3.06U
date (with Bloor exceptions). See footnote 3. page 21.
Guaranteed eecurltles held by the Treasury are act Included.
Federal securitlsB fall into three broad f;roupe vlth respect to
Imposition of Federal income taxes on Income derived therefroa.
"Vholly** tax-exempt securitlee are exempt from both the normal
"Partially" tax-exempt secorltieB are exempt
and surtax rates.
from the normal rates excsDt that in the case of partially taxexempt Treaeury and saviu^e bonds. Interest derived from $3,000
of principal amount owned by any one holder is also exempt from
"Taxable" securities are subject to both normal
the surtax rates.
and surtax rates.
Includes an estimated amount of Federal Housing Administration
debentures.
Actual figures by tax status are available only for total amount
outstanding.
53
August 1947
TreaBury Survey of Ownership of SecurltleB Issued by the United States
Government and by Federal Agencies, May 31, 1947 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par TalueB
-
In mlllloiie of dollare)
Held by investors covered In Treaaury Survey
Banlra
Total
amount
outstand-
Iseue
(Tax status 1/ Is shown in parentheses)
ing
^0
309
ccunnerclal
stock
sarings
banks
mutual
savinee
banks
life
insurance
campanles
Panics
^
(6/)
(taxable)
(taxable)
(tarable)
.
Total United States savings bonds.
Treasury saviors notes
Depositary bonds
Arned Forces Leave bonds
(taxable)
( taxable)
(taxable)
Guaranteed sscurlties ]J
Commodity Credit Comoratlon demand obligations
( taxable)
Total public non-marketable securities.
•
1/
2/
3/
4/
^/
222
10
lit,398
•SO
51.2'tO
Sits
5.525
83
305
333
1.765
125
58.987
-
(Ta:c
status l/ la shown In parentheses)
and marine
insurance
con^anies
All U. S.
Government
agencies and
trust funds,
and Federal
Reaerre
Banks
Held by
all other
investors
y
27U
20
115
29
200
13
2.825
30.766
2,305
13.309
239
133
235
15
1.9,706
1
1
5.1*13
2S
1.765
s/
I,2l6
2S9
£/
2j
8/
13'^
239
36
56,912
They were reported at maturity value by the
rent redemption values.
banks and insurance coTcj^aniee covered in the Treasury Survey but have
been adjusted to current redemDtl'n values for use in this statement.
SerieR C-D s'vin«:s bonds sold prior to March 1, 191*1 are partially
tax-exempt; thoce sold on end after th> t d^te are taxable.
Guaranteed securities neld by the Treasui-y are f.ot included.
C.C.C. demand obllgt-tlons in the amount of $125 million held Dy all
commercial banks are shown only In total amount outstanding.
Interest -Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par valuea - In millions of dollara)
Issue
038 fire,
casualty,
1U7
2.937
30.767
5. OSS
Le^s then $500,000.
See footnote 6, pa/'e 52.
Securities held in trust departments are excluded.
Includes trust comnaales.
This column Ineluf^es securities held by those banks p.nd insurance
comoanles which are not covered in the Treasury Survey, See headnote to this section.
United St=iteo 8=vlc/-« bonds. Series C-D, E, ai.d F are shown at cur-
Section II
Influrance coopanlea
33
i/
United States tavlnrs boadi
Serlet C-D
Series S
Series P
Series 0.
2/
7,325
Treasury Bulletin
5H.
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
55
August 1947
Over-the-counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
As of June 30,
1947
Table I.- Securities Issued or Guaranteed by the United States Govemfflent 3J
PAST A
AaouBt
out(Million.)
-
TAXABLE BOBIS, NOTES,
AIH!
CHlTnriCATBS
Treasury Bulletin
56
Over-the-Counter Closing Quotatione on Public Marketable Securities Issued by the
Uitited States Government and by Federal Agencies
As of June 30, 1947 - (Continued)
Table
I
-
Securities Issued or Guaranteed by the United States Government
PART B
Amount
out•t*nd Ing
'.Mllllona)
-
TAZABIi TREAStKT
BIUS
1/-
(Continued)
August 1947
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
As of June 30, 1947
Table II
Aaount
outttandlnc
(millOBl)
-
-
(Continued)
Securities Issued by Federal Agencies but not Guaranteed by the United States
Treasury Bulletin
58
YIELDS OF TREASURY SECURITIES JUNE
30, 1947
Based on Mean of Closing Bid and Asked Quotations
a
.
..
59
August 1947
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per annuin)
Partially
Ta>.able
tax-exempt
Treasury
Treaaury
bonds 1/
bonds 1/
Highgrade
corporate
bonds 2/
Partially
tax-exempt Taxable
Treasury
Treasury
bonds ^/
bonds l^/
Partially
tax-exempt
Treasury
bonds 1/
Highgrade
corporate
bonds 2/
HighTaxable
grade
Treasury corporate
bonds 1/ bonds
2/
Monthly series - averages of dally figures
2.10
2.17
2.U8
2.10
2.1*6
2.76
2.80
2.80
19l*5-Jan..
1.81
1.75
1.70
2.U1*
Feb..
Mar..
2.77
2.76
2-75
Apr..
May..
June.
1.68
1.68
1.63
2.39
2.39
2-35
2.53
2.014
2.U5
2.U3
2. Oil
2.U6
2.71*
2.1*7
Sept
2.06
2.08
2.73
2.73
July.
Au^..
Sept.
1.63
1.68
1.68
2.3U
2.36
2.37
2.53
2.56
2.56
2.93
2.b6
Oct
Nov
Dec
2.09
2.10
2.13
2.72
2.71
2.72
Oct..
Nov..
1.62
1.56
2-35
2.33
2.33
2. 51*
2.51*
2.30
2.32
2.26
2. SI
I9't3-Jan
2.79
2.77
feb
2.70
2.68
2.70
19l*6-Jan.
Feb..
Mar..
2.21
2.12
2.09
2.U3
2.36
2.35
Apr.
May..
June.
2.26
2.39
2.71*
2.87
2.93
Apr..
May..
June.
2.08
2.19
2.16
2.37
2.1tO
2.68
2.65
2.63
July.
Aug..
Sept.
2.30
2.31
2.25
2.85
2.80
2.71
July
Aug
2.58
2.57
2.59
July.
Aug..
2.1*1
Sept.
2.18
2.23
2.28
Oct..
Nov..
2.
Oct
Hov
Dec
1.90
2.1*8
2.09
2.01
2.70
2.65
2.59
i.git
2.U8
Oct..
Nov..
2.26
2.25
1.95
2.1*9
2.60
2.61
2.63
Dec.
2.2I*
2.51
2.51
2.55
2.57
2.71
2-73
igltlt-Jau
Feb
Mar
1.95
1,93
1,91
2.1*9
Feb..
Mar..
2.12
2.22
2.12
2.65
2.65
2.6U
19l*7-Jan..
Feb..
2.21
2.21
Mar..
2.19
2.U9
Apr..
May..
June.
2.07
2.OU
2.01
2.76
2.75
2.70
Apr
I.9I*
2.1*8
May
I.9U
1.91
2.1*9
Apr.
May..
June.
2.19
2.19
2.22
2.1*9
Jujie
2.61
2.58
2.58
July.
Aug..
Sept,
1.98
2.01
2.02
2.66 i/
2.65
July
Aug
2,61.
Sept
1.89
1.90
1.93
Oct..
Nov..
I.9B
1.95
2.06
2,61
2.57
2.68
Oct
Nov
Dec
1.93
1.90
1.87
igua-jaji
1939-Jan..
Feb..
Mar..
2.51
2.1*3
2.96
2.90
2.?7
Apr,.
Maj
June.
2.38
2.27
2.22
2.92
2.S6
2.78
June
July.
Aug..
Sept.
2.23
2.27
2.67
2.76
2.79
3-29
July
Aug
Oct..
Hov..
2.60
S.li*
2.1(6
Dec.
2.35
19'«3-Jan..
2.1*6
Mar
2.11
2.11
2.12
Apr
May
June
2.05
1.96
1.91
2.1*8
1.91
1.92
1.90
2.1^
.
Feb..
Mar..
Dec
igMl-Jan..
Dec.
Feb
Mar
Apr
May
Sept
2.07
2.06
2.1*8
2.1*1*
2.1*6
2.1*7
2.1*9
2.1*6
2.1*8
2.1*6
2.1.5
2.1*6
2.1*8
2.1*9
2.1*8
2.1*9
2.1*9
2.1*8
2.1*7
2.1*8
2.1*8
2.1*8
Dec.
2.59
2.57
2.55
2.55
2.61 kj
2.59
Weekly series - averages of dally figures
191*7 Bulletin: old weekly eerles was Saturday figures
fNew series beginning In June
|
19U7-Jan.
1*.
11.
18.
£5.
Feb.
1.
8.
15.
21.
E.22
2.38
2.1*0
2.58
2.56
2.51
2.1*9
2.51*
2.5K
2.MJ*
2.1*2
2.1*1*
2.50
2.1*8
2.1*8
2.U9
2.50
5/
60
O
z
o
ffi
LJ
o
Q.
q:
o
o
on
if)
^
^
a>
UJ
i
^
c
Treasury Bulletin
61
August \947
INTERNAL
REVENUE
STATISTICS
Treasury Bulletin
62
Summary of Internal Revenue Collections
^
(In thouBands of dollarB)
nocal yex
or noDth
Total receipts froB
Internal
revenue
(Dally
Treasux7
Statement)
19'»5
191*6
191*7- January..
5.162,361*
2,185,111*
5.322.771
2,129,609
7,351.531*
3,1*71,121*
1.1*17.655
12.993,118
22.lU3.969
-36. 797
-22U. 755
1.565.1*77
13.029.915
8,006,881*
22.368,721*
1*0,119,510
1*3.800.338
1*0.671.919
16,298.888
33.027.802
35.061.526
31.258.138
3.262,800
6.629,932
18. 261. 005
19,034.313
15.883.235
7*. 536
188. 1*63
3.375.31*8
2.853.323
u, 1*05.51*4
3..3,59.367
3..81*1*. lOl*
2,01*8.626
1.958.399
1.920.555
1.661.992
1.685,223
lt.631*,
5.61*3.81*8
101.661*
-361.585
308
1*.
4.271*, 1*61
March
5. 1*1*6.121*
875.813
u, 570, 311
i^rll
309.306
-1*20. 588
2,729,891*
KV
578.1161*
-271*.
2,853.221
3.1*15.216
757
2,179,828
2,629,030
Mlscellaneoufl
profits
taxe* U/
Total
employment
taxes
Social Security
taxes
Old-age
nne^>loyinsurance ent insurance 6/
Ball road
retirenent
u
5/
-1.133
-19.637
-37.168
30. 1*70
-773.21*8
-131. 083
Fiscal year
or month
Corporation
Incoffie and
excess
profits }J
*10, lUl
Ul.58i».987
1*3,902.002
"W. 310. 333
19I1I1
collections
IndlTldual 2/
7.361.675
5,161.231
19U3
revenxie
Total
income
and
profit*
taxes
5.303.131*
1*.
191*2
Total
Internal
1.091.7U1
1.286.312
I.O28.83U
982.017
597. 11*0
5.67lt.3l8
1937
1938
1939
19UO
19UI
XBploTment taxes
IncoDB and profit* taxes
Adjustnent
to Dall7
Treasury
Statement
18,
3.052.'t2l*
1,056,909
1.299.932
31.178
U2.786
265, 7U5
207.339
502. 9IE
529.836
605.350
687.328
58.119
90.267
101.167
106.123
100.658
287
1U9.U76
109. U27
122. OUg
137.871
895.336
119.617
156. 008
183,337
186, U89
170. U09
211.151
265.011
28U.758
28U.258
1,122,51*1
33.7I10
1,120,582
2.016,297
27.010
37.172
7U2.660
7U0.U29
833.521
925.856
lt.687.1l62
12.1162.U37
56.621
8U.2U1
137. U52
IU3.978
91.165
1.185.362
1.U96.705
1.738.372
1.779.177
.700.828
516.127
30U.0U5
1.791.996
5,896
2,898
3,U82
108,956
367. U32
82.208
76.950
2U0.972
13.136
30,157
101.302
12.727
I.8U9
25.158
29U.039
2,368
3,20U
131. 186
331.960
123.856
287.800
U,076
lo.uuo
3.25U
33.720
9. 581*.
715
629.
31*1*
ll*.
232. 127
1.131.51*6
1.290,025
1.307.931
1.237.825
178.71*5
56.3116
-
August 1947
63
COLLECTIONS OF INTERNAL REVENUE
1932
'33
34
'35
'36
'38
'37
DOLLARS
'39
'40
41
42
43
44
45
46
'47
DOLLARS
Billions
Billions
Individuol
Income Toxes
Corporotion Income
.and Excess Profits Taxes:!i.
18
22
20
18
1932
-J
Office of the Secretory of the Treosury, Division of Reseorcti ond Stotistics
Inciudts miscolloneous profits tai«s
'34
'44
'46
:
Treasury Bulletin
6U.
Detailed Analysis of Internal Revenue Collections!/
(In thoueande of dollftre)
First 11 months
Fiscal years
Type of tax
I9"t6
191*5
Income nnd profits tojtea:
Individual:
Withheld by employers:
Current Tax Pnyment Act of
Revenue Act of 19U£
Other
Current J/
Back
19^*3
i/
Total Individual Incooie taxes.
Corporation:
Income taxee:
Current
Back
^
10,263,1*13
502
8,567,11*7
202»9l*7
19.03U,313
U, 1421.682
i+5«.03i*
Sxceee profits taxes (Second Revenue Act of 19^t
as amended)
11.003, 520
Total corporation taxes
15.883.235
Miscellaneous profits taxes:
Declared value
7ineon Act
Unjuet enrichment
Total miscellaneous profits taxes
Total Income and profits taxes
Effiployntent
taxes:
Social Security taxee:
Old-age Insurance
Unemployment insurance 6/
Total Social Security taxes
^
Railroad retirement J/
Total employment taxes
Miscellaneous internal revenue:
Capital stock tax
Estate tax
Gift tax
Alcoholic beverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Wines, cordials, etc, (Imported, excise)
Wines, cordials, etc. (domestic, excise)
Brandy used for fortifying sveet wines (repealed
as of July 1. 19Uo)
Dealers In distilled spirits; rectifiers; manufacturers of stills (special taxes)
Stamps for distilled spirits intended for export..
Case stamps for distilled spirits bottled in bond.
Container stamps
Floor taxee
Fermented malt liquors
Brewers; dealers in malt llquora (special taxes)..
Total alcoholic beverage taxes
Tobacco taxes:
Cigars ( large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxee
Total tobacco taxes
Stamp taxes:
Bonds, issues of capital stock, deeds of conveyance, etc
Transfers of capital stock and similar interest
sales
Playing cards
Silver bullion sales or transfers
Total
staiirp
taxes
y
Fiscal
year
Fiscal
year
191)6
I9U7
May
May
I9I46
igitT
i
:
65
August 1947
Detailed Analysis of Internal Revenue Ool lections
1/-
(Continued)
(In thousands of dollars)
?lrst 11 Bonths
fiscal years
May
Type of tax
I9U5
Mlseellaneoui Internal revenue (oontlnued)
Manufacturers' and retailers' excite taxes:
Lubricating oils
'.
Oasollne
Tires and tubes
Tloor taxes on tires and tubes
Automobile trxjcks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
aiectrlcal energy
Electric, gas. and oil iqipllancee
Xlsctrlc light bulbs and tubes
Ileotrlc signs (repealed as of 11/1/U£)
Radio sets, phonographs, components, etc
Phonograph records
Musical instruments
Kechaivlcal refrigerators, alr-condltloners. etc..
Hatches
Floor taxes on matches
BuBlnesB and store machines
Furs - retailers' excise
Jevelry - retailers' excise
Luggage - retailers' excise (effective U/l/UU)..,
Luggage - manufacturers' excise (suspended as of
'.
92.665
•
1*05,563
W^)
Total receipts from Internal revenue (Dally Treaeury
Statement)
Source:
•
1/
2/
•
68,363
7l(.3l3
366, 657
393.027
162.201
103,012
May
I9U6
riscal
year
I9U7
19»»7
4.660
29,061
13.585
7.300
32.711
14,548
19
19
•
2
•
1*
32.152
2,136
25.893
68,871
59.112
"18.51(7
7,039
20.390
25,1(92
22,1(87
17,781
17.162
56
1.6
13,385
3.902
2,839
9,229
53
10,267
3.305
2,236
8.180
%
10.21(7
9,01(5
1,212
521
i(.837
9,3:
55.261
181,265
91.016
57.698
59.778
21.119
79
57.617
7.622
9.099
33.907
7.972
10,120
ll(.19U
23.083
95.028
1.485
5.192
17.817
8,342
2.712
4,666
16,019
7.156
1
2,39l(
3.220
20,51(7
hs'.mo
57.00U
12, 060
U.035
37.
55
,
2. 01;
927-
63.
W
54.515
5.'<66
7.087
5.355
U.24i(
1,571
2
2,502
9.731*
5.728
6.527
1.987
22
6.375
838
960
357
(-2)
79. "tig
15.792
91.706
ISH.ZEO
73.851
223,31(2
81.1(23
6
21,
88.993
207.156
221.51(9
7l(.690
7i,m
15
18
15
17
t9
15
UU
18,951
113
6,8^5
33.029
20
88,91(8
1
89.007
8.1(28
125
3
•
2
•
1,027
7.693
1,876
6,775
1,010
23
^•^5
123.387
162,879
tt,2U8
7.878
86.61^
95.57l(
3.132
k.zgk
35
5.232
61
25
1.206,616
l.l(ll(.717
1.283.755
1,776,526
35
3U
56.732
33
50.907
17
2
7
53.915
4,1(78
5.812
208.018
133.569
16.286
23l(,393
213.515
132.531
232.113
23U, 182
226,750
220,121
115,960
15.025
226.787
252.502
285
16, 043
11.723
1.229
21.043
20,907
64
20,712
13.998
13.71(2
211.1(79
5
73.29'i
.
Adjustment to Dally Treasury Statement
695
118.072
1
vires, etc
Local telephone service
Transportation of oil by pipe line
Transportation of pereone, seats, berths
Traneportatlon of property (eff active IZ/l/^) .
Use of motor vehicles (repealed ae of 6/30/U6)...
Use of boats (repealed as of 6/30/U6)
Leases of safe-deposit boxes
Admleelons to theaters, concerts, etc
Admissions to cabarete. roof gardens, etc
Club dues and Initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated batter,
mixed flour S/ and filled cheese
Oleomargarine, Including special taxee
Narcotics, including marihuana and special taxes,
Coconut and other vegetable oils proceeeed
national Firearms Act
All other, Including repealed taxee not listed
above
y. . .
Total Internal revenue collections
7l(,602
1(05.
73
Miscellaneous taxesi
Bituminous Coal Act of 1937 (expired 8/23/U3)
Sugar Act of 1937
Telephone, telegraph, radio, and cattle, leased
Total miscellaneous Internal revenue
75.257
19,288
228
Total manufacturers' and retailers' excise taxee.
Total miscellaneous taxes
I9U6
. •
Optical equipment (repealed as of 11/1/U2)
Photographic apparatus
Rubber articles (repealed as of ll/l/US)
Sporting goods
Toilet preparations - retailers' excise
Washing machines (repealed as of U/l/US)
Firearms, ehells and cartridges
Pistols and revolvers
Repealed taxes not listed above
rieoal
year
I9U6
221,088
128.701
145,689
lU,82l(
182
7.857
336
7,311
300, 589
31(3.191
31(9
17
205,698
115.915
181
7.279
315.56?
56.877
lU,l6o
U,160
19,100
72,077
18.899
66.8l(I(
U.OU
17.092
3,501
15.090
58
UU
1(2
5.503
756
6.208
1*.932
l(,2l(7
(ek
6.26&
6
5.92^
16
15.1»99
l6,69l(
150, 538
3
1
7.916
693
32, 610
6,889
36l(.935
58.871
20.997
3,891
18,1(72
27
U.988
569
15,850
1,1(98
17.079
22,922
895
3l,43U
4,711
2.355
55
307
271
1
287
62
511
285
69
3.010
7
3K
180
171
1.1*30.1428
1.1(89.925
1.379.710
1,1(27,71(0
119.260
125.319
6,959.63l»
7.712,953
7,102,389
7,1(1(8.925
641,121
600,706
1(3,800.338
1(0,671,919
37.170,105
35.81(5.117
2.573.957
2,853.221
+101.661(
-361.585
-91(0, 264
-l(58.l(8i>
-266. 165
-27U,757
1(3,902,002
1(0.310.333
36,229.81(1
35.386,633
2.307.793
2.578,U6U
Daily Treaeury State(l) Total receipts from internal revenue:
ments; (2) Detailed collectione by type of taxi Eeporte of collections made by collectors of Internal revenue.
Less than $500.
Zxcludes collections for credit to certain trust accounts for
territories and Ineular possessions, etc.
Collections under the Current Tax Payment Act of 19^3 as shovm
in this table coneist of those for which returne have been filed
with the Collector of Internal Revenue; receipts under thle Act
as shown In Dally Treasury Statements consist of withholding
taxes deposited In Oovernnent depositaries In addition to payments accompanying returne filed with the Collector of Internal
Revenue.
y
V
y
Current collections consist in general of taxee paid within twelve
months after the close of the taxable year for which the return
was filed.
Current Individual incone tax collectione for the fiscal year 19^+5
Inclxbde payments on unforgiven portion of 19^^ tax, du« March I5,
19^. of $308,605,000 for the period, January 1, I9U5 through
April 30, 191^5.
Represents collections under the Federal Insurance Contributions Act.
Bepreeente collections under the Federal Unamployment Tax Act.
Represents collections under the Carriers' Taxing Act of 1937*
Tax imposed upon the manufacture and sale of, and the occupational
tax on. mixed flour repealed as of November 1, 19^.
66
MONETARY
STATISTICS
Treasury Bulletin
.
August 1947
67
Balance Sheet of the Exchange Stabilization Fund as of June 30, 1046 and March 31, 1947
June 50, I9U&
March 51,
19I17
3Be IB
Caib:
Treasurer of the United Statee, goli
Treasurer of the United States, checking account...
federal Beserve Bank of Hew York, special account.
Disbursing officers' balaneae and advance accounts.
11.800,000,000.00
1,687,057.51'
$6.635.8U7.00
98.056.965.97
I9't,37'».299.9't
25,875.62
511.266. 59
Total cash.
»1, 996, 087, 251. 10
Special accounts of Secretary of the Treasury In
yederal Besenre Bank of Hew Tork:
Special account Ho. 1, gold (Schedule 1)
$10ll.
71,562.261.18
Due from foreign banks (foreign exchange}]
Swl Bs francs
$29. 258. 06
French francs
Belgae
Sterling
other
m
162.5511.750.22
$16U. 622.119
7.119
7.I19
^65. 08
565. 08
2.980.05
2.980.05
3.905.971.55
3.IOI.6I1O.O7
Total due froa foreign banks
3,938.560.03
5,269.615.18
Due froBi the Oovemiaent of the Bepubllc of Cuba.
5.012.609.35
Investments In United States OoTernment securities
(Schedule 2)
20,000,000.00
20,000,000.00
8e,956.12
83.671.77
Accrued Interest receivable (Schedule 2}
Other accounts (deferred charges)
Cofluaodlty
2U.gg
sales contract* (daferred charges).
Total assets
Liabilities and Capital
Accounts pveble:
Vouchers payable
Eaployees' pay-roll allotment account. United
States savings bonds
Withholding taxes
Mlscellaneoue
2.656.00
2.651.00
$2,091.1*75. 6149. 31
295.650, 373-08
I1.U76.72
$20,857.80
I,9't2.l7
3.99'*. 59
25,5U5.10
50.833.88
357.'t75-'«'
1.7'*'i.l97.1i3
Total accounts payable.
$56U,U59.59
Reserve for expenses and contingencies (net)
Beserve for handling charges on gold
Capital account
Deduct - Subscription to International Honatary
«1. 799. 865. 70
12.205,560.70
12,659,787-59
115,896.91
$2,000,000,000.00
fund
12,000,000,000.00
275.000.00
Xamlngs less administrative expensee (Schedules
1.999.725.000.00
1.600,000,000.00
200,000,000.00
3
and U)
79,1«0,6U9.22
Total liabilities and capital.
Hotel
727.077- 56
$2. 091.
Annual balance sheets for the years 195I1 through 19I1O m^ be
found in the "Annual Report of the Secretary of the Treasury
1*7 5.
6119. 51
81,
1I16.
825-08
$295,650,575-08
for 19I1O." Quarterly balance sheets commencing December 5I.
1958 may be found in previous issues of the "Treasury Bulletin.
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule
1
Location of gold held by and for account of the Izchang* StabilisatloB fund 1/
Treasury Bulletin
68
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 2
United States Government securltlee held by the Exchange Stabilisation
Issue
Piind
-
(Continued)
5
.
.
August 1947
69
Gold Assets and Liabilities of the Treasury
(In millions of dollari)
I/lalillltlee
End of calendar
year or month
Oold asfleti
Oold certlfieatee Xj
1937
1938
1939
12,760.0
lU, 511.2
17.6U1.U
9.212.3
11,872.8
15,278.6
19110
igiti
21,99't.5
19,825.''
22,736.1
20.565.8
19U2
22,726.3
21,937.8
20,618.8
20,06U.9
20,529.0
?0,6ll,9
19,821.0
19''3
19UU
19'»5
19''6
19U7-Janiiarjr.
February.
March
April
Kay
June p.
Sold in
General Fund
1,800.0
1,800.0
1,800.0
1.800.0
1,800.0
1.591.6
1,800.0
1,800.0
1,800.0
1,800.0
1.800.0
I5S.I1
17. 91'*.!
18, '•30.
156.0
156.0
156.0
156.0
156.0
20,7'»8.3
20, '30.0
ao,ii62.6
18.675.8
19.162.0
19,269.9
156.0
156.0
156.0
1,800.0
116.5
1,012.0
1,036.6
?0,77't.l
19, 58"*. 8
20,933.1
19.736.8
20,086.9
156.0
156.0
156.0
Sally Treasury Statement and Circulation Statement of United States
Money.
Preliminary.
CoBprlsea (1) gold certificates held by the public and in Federal
Reserve Banks; and (2) gold certificates credits In (a) ths Oold
Certificate Fund - Board of Oovernors, Federal Reserve System,
18, '197.''
2/
3/
£/
'408.9
213.2
215.3
160.7
165. >t
ig't.s
l't2.'t
1.033.3
1.0U0.3
1,023.«
and (b) the Redemption Fund - Federal Ressrve notes.
Reserve against United States notes and Treasury notss of I89O.
Sxcludes gold L
-tive portion of Szch&nge Stabllttatioo Fund.
On February 26, ig'-f the United States subscription to ths Intornational Monetary Fund was paid from the Exchange Stabilisation Fund.
Monetary Stocks of Gold and Silver
(In millions of dollars)
End of fiscal
year or month
Xxohaoge
Stabllliatlon
rund 2/ kj
156.0
156.0
156.0
356.0
156.0
21,266.'!
.
Oold reserve
against U. S.
notes, etc, 2/
Sold
($35 per
fine ounce)
«
7
..
.
U
,
Treasury Bulletin
70
Components of Silver Monetary Stock
U» lllloM
Of dollar*)
81lT«r h«ld In Traasury
Silrar
outtlito
Ind of calaadAT
X*Ar or month
Saouriag allvar
eartlfleataa 1/
Silrar
lull Ion 2/
111
Subaldlary
coin 2/
Silrar
dollara
503.7
502.7
19"40
938.8
1,137.6
1,298.2
1,398.1
191*1
1. 1*76.1
19142
1.516.2
1,520.0
1,520.1
1.703.9
1,911.2
1937
1938
1939
191*3
19UU
191*5
19U6
19l*7-Janual7.
Tabruary.
March
iprll
May
Juna p.
.
1.9131.915.
1.917.
Traaaury
Oanaral Tund
Bullion for
racolnaco k/
BttlllOB
at cost Zf
Silrar
dollara 1/
1.28.6
1*3.1*
U
Snboldlary
coin J/
Total
allrar
at »1.29
par ounca
2.806.5
566.9
372.8
3.3lt6.8
3.5
1*1*.
391*. 1
657.
662.
52.5
63.0
U22.I*
I*,
l*gl*.l
5.3
2.3
3.5
1*8.1
1*93.5
U,
628.2
551.8
C05.6
I85.6
93-1
78.8
587-3
1*00.1*
2
i2: u
'',317.6
'»,207.3
1*99.0
1*9"*.
6
356.1*
31*3.1.
31*3.0
31*2.9
i.923.9
31*2.0
.1
15.8
15.9
18.8
3't3.3
31.3.2
1,918.
1.921.
19.1
12.5
10.2
lU.O
376.5
93.6
91.1*
93.3
19.6
21.6
20.3
31.2.6
93. >t
92.7
91.9
Dally TraaBury Statenant and Circulation Stataaant of Unltad
Btatas Monay.
ProllBlDary.
Lata than 150,000.
Taluad at $1.29 par ounca.
Includaa •ilrer loasad to Off tea of Dafanaa Planta of tha £.f.C.
Doai not Induda
ate. (aaa Daily Traaauiy Stataaant for aaonnt).
^
3.790.2
060.0
21.1*.
8
96.8
117.5
137.5
150.1
681*.
901.
3,870.6
3,512.8
3. 51 '.2
150.3
150.3
150.5
900.2
900.3
900.6
3.517.2
3.519.6
3.522-5
150.6
151.0
151.5
903.0
901.1
3.525.9
902.1*
3.525.2
771.
61*6,
3.52't.9
ilrer land-laaaad to foralgn ^ramaanta (aaa Annual Saport of
tha Sacratary of tha fraaaury for aaounta).
Taluad at II.38 par ounca.
Taluad at $1.38 par ounca or at II.29 per ounca according to
iribathar tha bullion ia hold for raooinag* of aubaldiary ailrar
coina or for racolutf* of atandard allrar dollara.
Silver Production In the United States and Silver Acquisition by Mints and Assay Offices
i/
(In Blllloaa of ouncaa or dollara)
Silrar acquired
surer
Calandar yaar
or aonth
production in
Uni 'ad Stataa
lawl/ alBad doaaatlc
allrar 2/
71.3
61.7
63.9
68.3
191*0
I9I.I
71.1
54.6
70.6
61.6
60.7
68.3
70.5
21*1.5
108. 7
355.1*
50.1
282.8
139.8
72.6
156.9
120.5
50.9
27.1
3I..0
11*.
1.8.5
191*3
lM).8
U7.9
5-5
191*1*
35-7
29.3
•
•
I9U5
-9
.6
191.6
21-
February.
March
J-
3-3
2-7
1.8
2.0
i^il
2-7
3-9
2.7
2-7
"ay
Sourcai
•
1/
2/
2-5
3-9
Js/
*T.Tn,«i figurea cona from tha Bureau of the Hint; aonthl/ figurea
on U. S. ailrar production cone from releasea of the Aaarican
Bureau of Metal Statlatica and will not agraa with the anmlal
figurea.
Laaa than 50,000 ouncea or $50,000.
Ibr ittforvation on ailrar production in other countrlea froa 1933
through 19to or 19UI, aee 'Ireaaury Bulletin* for iuguat 191*3,
page 7U.
Acquired at 61«,61* centa per fine ounce until i^prll 9, 1935; at
A- 11 centa par fine ounce from that data until ^ril 23, 1935: at
Dollara
to.i
55.9
19l.7-Janaal7.
Quneaa
1.2.
191*2
U.9
Blata and aaaay offleea
foreign allrar 2/
Ouncaa
1937
1938
1939
tgr
2.1*
6.0
312.2
S17.1
3''3.3
163.3
199.1
160.6
208.0
99.1.
11*3.1
77.2
62.1
5.5
iw.o
3.9
•
.6
.9
k.ky
2.U
1.6
3
Dollara
l*.9
1.8
2.1*
^
U/
U/
U.U U/
2.7
1.8
2.0
2.U
1.6
1.8
2.7
2.7
2.1*
2.U
77.57 centa per ftaa ounoe froa April 23, I935 to Deceaber 31, 1937;
at 61*, 61* centa per fine ounce from Deceaber 3I, 1937 to July 1,
1939: at 71. 11 centa per fine ounce from July 1, 1939 to July 2,
I9U6: and at 90. 5 centa per fine ounce alnee July 2, 19I.6.
Acquired at rarloua pricaa areraglng q;>proxlaatel7 5I centa per
ounce.
Zncludaa 0.5 Billion ouncea ralued at 71.II centa per fine ounce
totalling (0.3 alllion, and 1..1* 0111100 ouncea raluad at 90.5 centa
per fine ounce totalling $1*.0 million.
g
7
.
August 1947
71
Seigniorage on Silver
(OisnulatlTe from Jannary 1. 1935 - In
mllllom of doll«r«)
Sourceii of aelgniorage on ellTer tnillloB reralued 1/
Sad of calendar
year or oontb
Seigniorage
on coin*
(ellTer and
minor)
Hewle7 mined
Bewlj--mlned
•llTer (Act
Oliver {Proc.
July 6, 1939
Mlllon held
Dec. 21, 1933) and
June lU. 193U)
July 31,19't6)
Miec. etlTOT
(Incl. eilTer
18.5
U6.1
63.7
69.5
91.7
122.2
'*«.7
16.
Us.
Us. 7
36.0
58.0
7U.9
87.3
87.6
1«2.1
Ug.7
2't5.7
>*g.7
299.6
362.3
"29.5
'91.9
'W.7
Ug.7
^8.7
Ug.7
g7.6
87.6
87.6
87.6
87.6
87.6
Ug.3
63.6
65.3
'93.9
March
U8.7
Ug.7
U«.7
87.6
87.6
87.6
67.1
"•95.5
i»9«.2
April
May
June
502.2
506.0
508.8
Ug.7
Ug.7
Ug.7
87.6
87.6
87.6
1935
1936
1937
1938
1939
19'tO
IS"*
19^2
i^m.'.'.'..'..'.'.'.
ig"*?
wufi
ig'iT-Je^uftry
.
Tebroary.
Source;
1/
'W.7
'•S.7
Sally Treasury Statement.
^eee iteme represent the difference hetween the eoet raloe azid
the monetary value of ellTer hulllon reralued and held to eeeure
SilTor Pnxchaae Act
of Jiaio 19,
193^
Bationallted
allTer
(Proc. of
Aa«. 3,l^i^)
Total
teieniorage
on BllTer
reTaluad
Potential
•elgnlorage on
llTer bullion
at cost In
General Tond £/
226.2
302.7
366.7
U57.7
530.7
562.7
3U.5
3U.7
3U.7
3U.7
3U.7
3U.7
326.2
U22.1
508.1
616.0
705.6
759.U
27U.9
397.5
5U1.6
758.8
950.6
1.055.8
580. U
58U.3
58U.3
58U.3
701.6
832.1
3U.7
3U.7
3U.7
3U.7
3U.7
3U.7
799.7
818.9
820.6
820.7
938.1
1,069.6
1.089.0
l,0Ug.2
967.3
717.3
333.2
161.2
6g.3
832.1
832.1
832.1
3U.7
3U.7
3U.7
1.070.2
1.070.9
I.O71.U
:6i.7
160.9
159.1
68.8
69.5
70.U
832.1
832.1
832.1
3U.7
3U.7
3U.7
1.071.9
1,072.6
1.073.5
159.8
157.U
153.0
U.2
25.7
65. U
65.5
66.5
67. g
2J
]
ellTer certlflcatee.
The flguree In thle column are not cumulatlTe; ee the amount of
hollion held chaogee, the potential eelgnlorage thereon changes.
72
Money In Circulation
Treasury Bulletin
August 1947
CAPITAL
AND
73
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN
FOREIGN CURRENCIES
Treasury Bulletin
7*^
Capital Movements Between the United States and Foreign Countries
tion III
This chapter on Capital MoTenants between the
United States and Foreign Countries and Position In
Foreign Curi enoles Is divided Into four main groups.
Seotlon I of Capital Movemente, the Historical Summary,
contains data regarding capital movements by the prina^4
cipal types of data,
and by years, from 1935.
The last group contains monthly data regarding the
net position
Its
in
foreign
their
and brokers,
banks
of United States
outstanding foreign exchange
currencies
contracts and purchases and sales of foreign exchange,
both spot and forward.
Each type of data is then broken
chief components In the sane chronologi-
currently by months.
down Into
of the latest month for which the data are
as
available.
cal detail.
Figures for previous periods may be
supplies
Section II
principal categories
tion,
at
this
are
are
point,
breakdown
the
given first
shown
The
and then
separately.
Supplement to the "Treasury Bulletin" on "Capital
Movements between the United States and Foreign
Countries,
January l^h^Z through April 19'*-5". for
details during that period.
the
In addi-
total outstanding claims
on
November 19'*5.
for capital
"Treasury Bulletin",
movements,
and position in foreign ourrsncies by
months, 13^2-I3>i3.
and liabilities to foreign countries are eaoh presented.
Details with respect
to
capital
"Treasury Bulletins", March 194^2 and earlier, for
details covering years back to January 2, 1935'
and
movements
obtained from
the following sources:
by
the last thirteen months.
principal countries for
total capital movements
geographic
a
short-term claims and liabilities are presented in Sec-
Section
I
-
Historical Summary
Table 1.- Net Capital Movement
(Xn thousands of dollars: negative figures Indicate a net outflow of capital fron the United States)
Analysis of net cspltal aoTement In:
Calendar year
or month
Bet capital
fflovement
Short -tera
banking funds
2.
(Jan.
(Jan.
2.
(Dec- 31.
(Dec. 30.
(Dec. 29.
igiio (Jan.
U.
1935
1936
1937
1938
1939
1935-Jan.
1. 1936).
1936-DBC. 30, 1936).
1936-Dec. 29. 1937).
1937->c. 28. 1938).
"•12,956
1.198.735
695. 080
1938-Jan.
3.
igki).
19ilO-Dec.
3I.
19'tO),
191*1
igiia
19''3
l9Wt
19U5
iSkd
IS"*?
(Jan. l-ltor. 31.
IS"!?)
total (Js>. 2.i9]»-lhr. Jl. l»»?)..
igljb-July
August
September
October
SoTember
December
19U7- January
I^bru&ry
March
WW. 686
1.226,722
833. 715
1,
992. 829
1*28.11*2
287.391*
328.968
1.135.
81*1
,
1*83
628
Brokerage
halances
Transactions
in doaestlc
seeurl tlee
31*
316.660
600.693
626
57.196
267. 008
26. 758
32.990
20.358
-85,1*27
-21*5.062
115.689
78.156
51.703
6.039
6.811
687
31*.
21*1*.
-'53.823
626,121
1.286,893
-21*3.522
-1*9
-261.955
583.373
1.168.058
1*6.599
U61.35'*
1U8. 591*
3.513
13.372
8.529
1,0711.375
-793. 32 "t
1.216.303
-733.909
17.791*
9.661
27.767
210.735
-115.105
-334.203
1,620.7^
1.625.1*90
»0«
-9,212
9,6}0,2Ul(
T.778.«3l
157.952
-152.022
779
-1*1*1*
-160.1*16
-9l*.llU
-112.735
5.836
3.658
21*5.
Transactions
la foreign
securities
125,158
191.076
-7.36i»
77.696
93.1*96
-U6.617
265.127
1*1*.
66C
<U>>.312
1.282,55^
-108,858
-13.987
-13.863
21,U75
16.51*5
28.826
7.1*70
2.663
-6.191*
26.229
-28.366
-276.387
1,63!*
-17.681
3't.57lt
-997
lO.lOl*
6.386
-28.953
1,902.936
-2i*,69g
-223,190
-21*8,1*93
-3.325
6.201
-2.068
-152
I.806. 101*
70.270
-78.335
52.733
30.168
-9.839
-260. 89U
37.81*0
-25.362
75
August 1947
Capital Moveaents Between the United States and Foreign Countries
Section
-
I
Historical Summary
-
(Continued)
(Continued)
Table 2.- fihort-Temi Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers In the United States
tPoBltlon at end of period In thousanda of dollara).
Short-term claims
Payable
Xnd of calendar
year or Boath
1935
1936
1937
1938
(Bac.
(Deo.
(Dee.
(Sao.
(Jan.
(Deo.
31.
30,
29.
28,
total
Ic
foreign
currenclee
128,951
ll40,?U
778.57?
1935).
1936).
1937).
1938).
igUc).
I9M0).
672. Slit
I«ane to
foreign
banke
1,301,11*2
l,i;6,l(96
'•6.795
97.851
1.623,317
1,893,087
2,?03,185
3,221,325
3.938,232
1.1156.885
6e.U78
99.95"*
1.600,507
1.985.025
3,025,189
3,786,182
20?. 597
lll(.791
82,983
103.369
60,828
2,712,626
31.01*9
3, 551*. 25"*
202,085
IU3.709
137. 16U
169,670
3.352.223
3,523.328
U, IJk, U12
1*, 356, 501
306. 618
19,677
13.893
17.911
21, 6U1
3.310,732
3.958.716
367,786
118,633
iSte
2'»6.673
U7,o68
30,916
257.92?
Sit.
387
l^>A[\'.['.'.V^'.'.'.'.'.'.'.'.
329.69''
5>t,603
1(7,
iiHi::::::::::;:;;:::
392.766
708,253
86,378
105, U21
100,267
319.639
IJItS-Jnljr
JUiCust
561, "tie
581, U50
31.
66.7''5
1*7. "»77
98,119
108,706
108,093
106,196
615,658
ftepteabar
October
Horember
December
I9U7 -January
Pebruary
March
l«9
of
foreigners
Bet
short-term
liabilities
977
385.636
191(1
3.
Total
Payable
In
foreign
currencies
1*88.365
152, U37
150, OlA
19J9
19U0
Payable in dollars
Beposlts
161,263
96,726
116.917
165,521
173.238
115,118
990
626, 0U2
508,702
383,978
651*,
Short-term liabilities
Payable In dollare
72,0l>8
''3'*.
310,1'77
268,719
221,383
21*5,010
290. 1*95
236, 539
216.171
231,730
275.991
21*1,627
233.1*71
3,678,518
U, 205, 389
5.37U.903
5.596.775
6,883,068
135.311
121.001
668.168
1.222.580
1.218,633
1,910,898
5W
6,1(80,262
'*,693.9U
1,71(5,722
25.
1(0,629
6,908,181
6.767,799
6,689,272
5,01(0,21*9
1,81*2,517
25.1*15
U,9U?,7l*5
1,790,877
1,867,115
27,177
27,517
l»,
791*, 61(0
522.563
950.703
1.238.097
1.577. IU3
5.116.971*
5.267.081
6,1*90.302
5,772,009
6.31*6.765
6,l86.3l(?
6,073, 6IU
602,716
6U2,6oo
708,253
103,518
96,977
98,119
272, 156
29U,69it
227.01*2
6,679.1*78
1*. 91*6, 961
U, 81*3,776
290,495
6.690,996
6,U80,262
1,702,781
1,815,968
29,736
250, ?29
319.639
693,911
1,71*5,722
io',6t$
730,693
93.^78
78,720
72,102
313.213
315,137
337.775
321*,
6,1(73.699
8,1(00,518
U, 710,
992
858,977
39.601
36.605
5,71*3.006
8,195.881
U,8!
1,723,106
3,50U,936
3.315.229
36.031*
7.397.u^
75'*.576
798, U32
002
360,719
388,555
*.
1*.
6,076,762
6,01(8,396
5.n2,009
7.6l(5,?l(2
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollare; negative flgnree Indicate a net outflow of capital from the Onltsd States)
Short-term liabilities
Short-term claljns
Calendar year
or month
In
foreign
currenclee
1935
1936
1937
1938
1939
(Jan.
2.
(Jan.
2.
(Dee. 31.
(Dee. 30,
(Dec. 29,
1935-Jan.
1. 1936)
1936-Dec. 30, 1936)
1936-Dee. 29. 1937)
1937-Dec. 28, 1938)
1938-Jan.
3, 19110)
361.360
228.132
70, U?
17,621*
28,91*8
II7.3I1O
-ll(,788
191(0
(Jan.
19l(0-Seo. 31,
121*. 721*
19.268
16, 192
1(09
k,
19>(0)
191*1
97,503
-11,256
-71.765
-63,072
191(2
191(3
19*
191*5
19I16
19>7
(*»,
Total (Jaa.
IJtar. Jl. I9I17)
1935-Msr. 31, 19U7)
2,
Payable In dollars
Payable in dollars
Payable
-11,526
2.393
83.299
15.933
-3.1*71
Deposits
Joans to
foreign
banks
of
foreigners
587.331*
333.1(07
11*3,622
Payable
In
foreign
ourrencles
6.333
19.683
37,802
?92,829
1*,933
1(28, 11*2
U9
-16,971
20.386
287,391*
-1*2,51(1
1.135.M3
-29.779
-11,372
-5,102
-2K3, 522
136, 780
631,1*69
-l(8,60l(
U9!3U1
75.159
358.023
269.770
300,020
-7.717
1*1,758
1,018,11(3
1,0)10,161)
58,120
-3.515
20,671
-IK. 330
1*7.336
716. 90U
-259. 711*
-1*33.959
1*85,870
105,607
310
185.617
335.165
1.179. 311*
620,881*
551*, 1*12
1(,018
583.373
1,168,058
220.359
1,279.375
220,576
583.205
-268,85l(
-3.9K7
692,265
-164,651
3,730
3.9D5
15.083
1,216,303
-733.909
-3,552
31,868
-20,191
19.298
60. 899
6,51*5
-32.506
37l(.
1*1(0
760.993
11*3.
-9U,806
20,520
-11*.
-219,372
-1(5,1(85
-1*18,1(22
26,017
-1«.1J6
-9<,o£o
1.715. se»
150.757
1.569,507
-^995
1.625.1(90
T."<96,7«)
U.ZU,176
3.299,107
-20,503
7,778.831
22,1(^6
-51,6110
-3,699
1,762
-160. Uie
76,238
3l(0
-112.735
-28,366
-276,387
282,051
281.93*
-238,61(7
238,76'»
-50,21(6
-8.303
8.157
296.171
277.1*11*
1(,809
-l(l(,26l
-25,1(56
-11(0,382
208
613
1,897
8,156
-78.527
-90,50U
-155.105
October
HoTember
December ,
12,91(2
2,678
6,1(29
-5,1*72
-39,881*
6,51(1
-1,11(2
3,835
-22,538
-23.887
-39.566
11,518
-103.185
-163,809
113,187
-210.731*
-11*9,865
-70,21(6
2,219
1,516
9,377
-33.507
-36.717
-27.836
-6.513
1,926,819
-20U,637
17.131
-22,616
1,781,830
-189,707
-1.028
-2.996
-571
Tebruary
Karch
-31*,
.
^
11(8. 591*
-90,179
-75.31*0
-20,031*
19l(7_January
81(1,628
-315,1*87
-19,01(3
5,15'*
-50.392
.
328.968
-20,216
7, nil
-50,630
Aoguet
September
I9l(6-July
let
sbort-tarm
liabilities
-65.653
-2l*,9l(5
-22,1(1(0
U,6Ul
6,1*26
-23,883
ll(.758
-1.921*
-1(3.856
6,618
-22.638
156,
US
11(7.985
-11*.
359
21(5.779
7.1*70
-2C.953
1.902.936
-21(8.1(93
Treasury Bulletin
76
Capital Movements Between the United States and For61gn Countries
Section
-
(Continued)
- Historical Smaaary - (Continued)
I
Table 4.- Purchases and Sales of Umg-Tera Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers In the United States
(In UioutaDdA of dollar,)
1935
1936
1937
193«
1939
ISMO
(Jan.
n.a.
1,302.684
986,02lt
2.
a. a.
2.68lt,39l
2,083,698
2,028,755
19'10-Dao.
U,
3I,
19><0)
n.a.
n.a.
n.a.
28>t,206
"73.052
n.a.
-188,8ll6
-222.519
20.895
-te.977
I9't5
IU6.039
96,383
151.639
136,853
260,223
19't6
367.6"t9
357.655
U32.109
-97. '•32
-6U,l;6o
52.228
83.713
-JV.M5
19112
19't3
19Wt
l-Nar. 31, 19U7)
(Jaa.
Total (J<B.
total
'«al*i
2,
IjUl
19U7
Total
puroha«««
BalM
1st
1935-Jan.
1. 1936)
1936-»»o- 30. 1936)
(I»<:. 31. 19}6-B»<:- 29. 1937)
(Dae. 30, 1937-Dac. 28, 1938)
(.Vic. 29, 1938-Jan.
3, igw)
(Jaa.
(Jan.
Doaastlc bond.
Doaaaile itock.
Calendar year
or aonth
2.
193SNar.
31.
368.558
75.1188
19U,6l6
171.
'•32
-3''.
579
n.a.
n.a.
316.660
600.693
2ltU.626
1. 11*2,923
57.196
1,119.905
751.084
-85, '«7
-21*5,062
320,991
260,601
392.938
582.91*6
2llt.002
-261,955
'•39.676
751. 0U5
221,816
278.032
-56,216
17U,952
21l»,388
-39.1*36
l6>t,21S
2ltl,299
138,5111
170.555
25.70U
70.7'*
513.558
377.717
268, 2Ut
2li5,31lt
-15.673
1»1U,U70
393.390
68U,213
650. Hll
637.9'iO
-269.7l'3
782.119
1.116.322
60,JJi
79.U9
6»
ite.132
12.158.695
U,7>A.3i3
11*8.829
1*9.398
112.
19>'7)
igl^-Juljr
2.273.3*1
1,200,119
l,03U,U7«
506.022
Vat dABOttle
toeka aad
bond.
••6,599
27, 767
210, 735
365.171
-113.105
-33'*.
203
-50.212
kilt,
312
-108,858
-13.987
-13.863
-8,l|2lt
16,U36
116.170
-100.U311
39.971
70lt
9,5'io
2lt,231
-U,62S
16,989
26,22U
-1^.691
-9.235
«9io65
62.928
W!U26
-12.1117
8.985
29,932
1,119
55.363
52.968
70.883
61.557
30.6l»7
33.100
32.009
31.051
779
lO.lOl*
lg,Ul6
29.'^65
30.65U
19,757
1*9.
07b
33.065
21,183
2ii,37't
10,897
-11,078
32.71*1
1*9.222
57.1*39
-2l».698
l>i,367
-ll,0U9
-13,620
-6.816
3U,988
-18.
30,809
56.171
-25. 362
23. 535
31.959
25.167
36.70U
Au^uat
Saptaabar
25.871
32.076
Oetobar
loTaabar
Dacembar
22.263
20.959
39.832
26,2llO
19U7-Januar7
I%bruaz7
March
26,223
l6!lA2
-2.217
5116
-6.19*
-17.681
'0.6i^9
S:
-152
lot arallabla.
Table 5.- Purchases and Sales of Long-Temi Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(la thouaaada of dollar,)
1955
1936
1937
1938
1939
19>I0
Sale,
1935-Jan.
U 1936).
1936-Dac. 30. 1936).
31. 1936-Dee. 29. 1937).
30. 1937-Dec. 28. 19ja).
(Dec. 29. 1918-Jaa.
3. 19I10).
U, 19[|0-0ec. 31. 19I1O).
(Jaa.
(Jaa.
(Jaa.
(Dec.
^relcB boada
Torel^ itocka
Calendar year
or aonth
2.
a. a.
a.a.
2.
a.a.
a.a.
Oc.
n.a.
n.a.
a.a.
a.a.
a.a.
a.a.
a.a.
191*1
n.a.
191*2
19l»3
23.278
26.601
37.328
65.2U7
191*
191*
19I16
I9U7
(Jaa.
Total (Jaa.
31,
789
-17. "Si
Si*.
65,610
-363
262
3I8.113
755,936
9.851
215.971
U,ii6
5.096
l*.732
7.210
lt,lti9
October
loveaber
Daceaber
•t.625
2.552
3.981*
2.a7
2.073
1.767
5.997
3.531
2,1*66
5.71s
10.271
U.036
5.1*28
3.290
1,682
6.031
2.138
febrUAl7
March
n.a.
lot available.
311*.
372.158
225.289
31*7.269
li90.1il*6
7't,209
88,973
-29,156
265,490
181.15k
lt.2llO
'
7I16
foralga
atoeka aad
boada
Total
ealee
661.256
896,149
1.016. 188
561.236
205.289
536.098
705.073
749.1(0
456,051
445.547
127.133
125.158
191.076
267. 008
26.758
115.689
78.156
185. 261
220. 533
133.558
227.897
-7.36i*
469.645
340.863
391.91*9
1*82.809
355.1*1*1
821.183
51.701
77.696
247. 367
93. 1*96
402.058
556.056
-46.617
265.127
23T.J"
192.720
44.668
6.453.241
5.170.6*;
1,282.554
92.289
59.081
33.650
21.475
16.545
28.826
88.173
51*. 025
29.231
20.
26.035
113,764
75.626
62.476
537
57.197
52.129
30.381
21*. 390
24.156
32.807
3,920
59.162
61.181
58.126
32.933
26.607
51.740
26,229
91.157
22,569
133,128
68.588
-84.366
50.995
96.875
59.033
81.480
26.605
137.368
70.270
-78.335
52.733
108. 919
-32«
2.791
Au«uet
Sopteaber
19ll7-Jani>ar]r
IM.367
1947)
U.8U5
19l*6-Jul7
3.1*87
••.523
a.kiT
1-Mar. 3I. 19l*7)
2, 1935-llar.
19.791
22.078
at
Total
purchaaae
7O.89U
55.266
5"*.
1*8.762
76,052
••8.209
16,869
28. 747
3"*. 571*
6.386
.
August 1947
77
Capital Movements Between the United States and Foreign Countries
Section II
-
-
(Continued)
Sumnary by Countries
Table 1.- Net Capital Movement
(In thoin»al» of
jallm;
n«gatlT« flgur«» lndle»t« «
Mt outflw
nuted
of ci^iltBl fro» tha
Statai)
191*6
April
May
191*7
Aoguat
July
Septeaher
JanuaXT
Pehruary
IttTope
Dhltsd ElncdOB
franco
Solglua
-85.679
-16.533
-9. 572 -123.667
-IOO.I167
10.872
1.350
-31.605
270.616
-13.090
-2. ''96
-61.838
8.643
-'*,023
-7.321*
Donaark
Tlnlanl
Qoraany
2.55l»
3.1''7
2,2Ult
69>i
-578
20
-123
1.265
-3.126
9"
I.8U3
861
322
Oroeco
Italy
5.205
-619
6.683
-2. 786
lt.758
-8.038
26.510
67
276
551
1*1*1*
-22. 537
-12.1*90
-m
2.705
Luiaaboiirs
1''3
'
Ve th« rlandj
10. 765
Vorvay
Portugal
-2.715
131
Buaanla
Spain
Swedon
-2.129
-7.615
Swltforland
-2.262
6
a
-3. 5^*3
Tu^ilavla
Other Buropo
217
801
To tal luropo
-99.922
n.
8.
8.
526
22.797
-350
1(25
-8.371 -101,831*
-8.526
835
It. 199
-310
-lit.
1.101
-833
-1.187
19"
-135
896
-1.273
-U.SOU
-3.9112
-6. 723
-6,57U
1.555
19.965
852
-l*.975
12l»
1.923
11.558
2.101
170
2.8I5
3.988
-9.317
8U5
2,533
692
990
-6.388
12,51*0
-1*28
7.561*
-131,821*
1*0.932
27.882
938
71.199
12.008
17.917
-95. 399
-26.226
-9.370
1.751*
5.093
896
-267
-2.125
2.635
659
1,988
U
-6.11*2
2.1*22
-1.029
-5.903
9.981
98
-13.005
-6,788
2,578
-6,250
-1.326
-1.397
-1.327
-1.505
-6,0lU
m
11,513
-2,281*
1.588
-12
-U,l*69
U.lio
-3U9
1*66
2,1*61*
U3
-200.900
-11*3.91*6
235.972
-178,700
13.'*7't
-22.78U
-1*1.500
6.995
-311.1*1*9
-55,21*8
-1.991
-l.OOU
11,176
2.268
-1.020
-5.016
16.389
27.111
-2.312
-368
US
15.751*
l.W*
12.886
11,618
-1.820
-U.896
687
-3.551
-2.831
2.952
-K
785
-3.71*9
-l*.875
-271
1,060
-1*63
3.661
10,905
-580
-10. 731
Coloabla
Coata Bica
Cuba
Canada
.
-32.
-31.376
9.219
-77.791
-16.890
-26.006
8.502
22.535
-27.1*61
-68. 538
-15.1*53
7.267
-33.123
-16.10U
15.108
28,277
-*,818
7,602
236
-5.770
356
1.307
3.35"
6.770
-831
-1.853
-5. 1*79
-5. 798
-979
-U.llU
1^55^
59.5IW
-"•0.375
825
55.218
-169
-86.51*2
189
-93
1*1
-19.017
-U,981
-702
-28.329
-15.385
-7.305
-6,21*1
-23.1*73
-9. 702
-1*,895
3.611
3.578
-3.930
6.128
-1,1*1*9
-38.931
-1.376
10.099
-17
296
-67
32
-'*.179
2,508
5.908
3.253
-9.093
-62
1.383
-13.381*
-2,21*3
-21. SOS
-6. 572
10,31*8
-10.U5U
-275
6.000
8.978
t.639
6.800
2.023
2,321
5.193
7.230
3.377
-81
1.99't
-lt,922
58'*
89.325 -135.095
37.506
-1*5.
-no
12.1*08
839
-67.017
1*33
5.1*05
3.21*1*
-5.31*9
-830
1.137
6,02s
13.291
7.296
-1.918
936
3.613
-5.858
9.335
67
733
-29. 598
71.631
-190.007
-93.301*
-1*3.61*6
-87,288
-12.632
-110,229
-eo.191*
-36.361
66
-35.975
U9.617
-1.910
21,1*61*
-3. 782
1.1*15
5.501
-35.06U
-1.199
-33.815
-129
-9.615
-1.199
-3.163
-10,135
-8U7
-3.206
5.''l'2
l*,6ltU
-528
-872
-1'*.
Latin Aaorlea
JU'seatlna
BollTla
Braill
Chllo
1*73
-8.789
-7.935
11,1*72
21*. 1*91
966
2.625
-20.807
1.228
-9.560
-21.099
-6.329
-2.635
-1.823
-1*1*2
2.991
520
8.37"*
-359
1,1*68
-1*96
-u.
16.126
27.101
6.099
3.610
l.gUl
18,007
-19.022
-8,1*1*9
701
11.017
Ouiana
Naxleo
-576
16.898
3t
1*28
11
663
-1*30
.665
-1.188
11.652
-5.31*1
596
2,113
-1.527
-16.156
-U50
6.810
-5.1*2'*
7.077
Ketharlanda Veat Indloa
and Surlnaa
Panaaa
Para
-2.338
3.233
-3.296
1.133
5.132
-1.590
-2.55"*
-2.1*1*6
-it.oog
2,1*11
-778
615
637
.U5U
I.25I*
-26
-1.051
I*. 818
1.11*7
588
-2.113
-1.893
-1.185
-168
-2.976
Veneiuala
Othar Latin Aaarlea
-1.561*
8.961*
-U,098
-350
-''.I35
2,805
-1.739
18.1*92
-2.835
-3.857
10.66U
8.790
10.098
1.720
1.750
Total Latin iaarlca
to. 733
9.I1O8
3O.6O8
1*0.119
lU. 501
80.132
Aala
China and Manchuria
Trench Indo-Chlna
Hon£ Eong
-20.080
3.222
2.175
-20.767
220
1.512
-22. 721
-1*1.137
1.021*
l*.538
-51.993
3.502
-1.601
2.227
-10.868
-77
8.589
189
-lUl
3.587
-359
8
-lUO
1.1*51
761
-2.127
35
-1,01*3
-2,UlI*
162
3.1*1*0
-333
-8.375
-5. 1*50
2,1*05
-1*,96U
-2.711
-2.033
-1.259
-1.372
267
fnnch Vott Indlea and
India,
Bursa,
and Caylon
Brltlah Malaya
Japan
latharlanda laat Indlaa.
Philippine lalanda
Turkey
Other lala
Total laia
Other countrloa
luatralia
lew Zealand
tsrpt and Inglo-lgyptlan
8udan
Preneh Morocco
Union of South
All other
ikf rica.
.
Total other eountlrea...
International
gnidentiflad
Brand total
3.965
7.'«9
2.88U
17.768
1.117
-U, 828
-U8.309
6.5'i3
-1*5.568
-1.532
-160
2.275
-3.005
190
91*2
-579
-1.021
-1.198
175
-153
-2,836
711
-1.1153
1,178
1.187
-5,000
-1.256
-32.77't
-5.085
5''.3''6
920
1,51*8
-37,81*2
5.033
5.755
-3.573
-700
-5.1*86
-1,700
-1,293
-3.765
2,691*
-2,1*70
-2l*.l*25
-11,1*52
-3.321
U.U59
-2.006
2.129
11.1*21*
-2,053
-1.175
-21.1*56
2U.827
-23.175
-72,1*56
-7.637
-35.11*3
-1*6,867
-60,905
7.771
-13
-1*2,690
-35.601
-5.195
-5.267
-1*0.226
-35.877
3.787
-23.503
2.169
-32.588
-6.150
-1,61*1
-K 757
1.1*21
-21,775
3.092
-915
-1.015
-6.11*8
9.681*
6,282
-1.091
-5U9
-26
5.63«
'*.236
-3.81*0
1*.333
7.689
7.660
302
12.21*1*
-3.218
-295
-1.913
1*,U80
-2, 790
-lt.177
-1*.
713
-u,i*ou
-3,1*17
-515
-12.020
3.1*1*6
-1.599
13.099
596
-1.192
250
2.U39
-8.81*7
595
1.010
-1.700
530
-7.5'<0
-25.'*29
-9, 763
3.1*67
-61*0
'*.518
-15.651
-61
-2,293
1.363
6.113
8.630
720
1.235
-16.1U6
-1,620
-1*72
2.U2
-U.8l*0
-117. 19B
-68,212
-66,
71*6
-59. 516
-39,212
738
-69.105
501
3.31*0
-11.
l*^!*
16.856
-1.616
-1.375
333
2.523
197
-6.862
375
-6.71'*
2,752
2.038
88*1
97
1.063
1.331
1.^7
1*1*5
-1,'*01
-1.267
273
-2.351
21*6
3.297
-101
U.132
35.023
559
-31*1
1.199
22,212
-2.798
500
-6.057
-1.5l'7
1.783
11.235
-5.860
-3.79'*
-15,1*28
12.316
-71*.
-2-.
535
770
791*
-3.122
-21*.
-1*.
863
l,l*8lt
1.622
-5,896
51*2
302
-9,800
25,678
7.957
ll«.571
-22.076
-3.06U
IU5.U09
.9.166
80. 329
250,861
15.366
176.957
1129
2.988
-2.232
1*79
672
-1.989
-281,31*8
-1,078
-189
-UU,33U
-56,1(12
268.552
-67,600
157.952
-152.022
-9U. ul*
30,168
-9.839
-30it
1.035
-3.022
20.315
-1.238
-5.588
-1*1.132
-61,238
-6.097
70l*
106
121*
-liU
-7.103
1.125
-1,008
-l.'*36
1,191
1.061*
8,1*93
-5. 72"*
810
-52.892
-U,806
183
-58.262
2.919
-10.029
-U,
't.339
-260.
-5.237
1*.
3''.
1*1*8
-l*.809 2.256.662
665
-1.76U
891*
37.81*0
-606
-181
Treasury Bulletin
78
Capital Movements Between the United States and Foreign Countries
Section
II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 2.- Net Movement of Short-Term Banking Funds
(In thouBandB of dollart; nagatlre figures Indicate a net outflow of capital from the United States)
ig^
Karcb
April
-79.000
-16,282
-e,28U
-3.387
-58.802
9.170
2,66s
679
-15s
3.111
-556
Ha;
July
June
191*7
August
September
HoT«Bt)er
Secember
Janufiiy
Tettnaiy
-90,6Ul
-23.359
8,516
-79.653
-17.053
-26.273
22.565
-12.978
6.25U
-29.896
9.1*57
6. 708
-831
-1,832
Ixirope
United Kingdom
France
Belgium
Denmark
Flnlajid
Germany
21
Greece
Italy
5.238
5I8
Luxenitourg
2.99J
22.799
-301
Ketherlanda
Horway
Portug^J-
Rumania
Spain
Sweden
13, 101
-2.979
102
-7.61*3
-8. 693
u
-E.lUU
692
913
-6,312
-7.89'*
Switzerland
U, S. S. H
Tugoelavla
Other Burope
-3.6U3
ilk
2.836
Total Europe
-82,258
Canada.
l*,32i*
-U9,998
-97.186
-33.759
280,681*
-125.793
'*5.5'»9
76.507
-13,222
-7,863
-21*, 091*
-'*.793
-9.153
838
775
17.977
206
U17
-125
1.136
-3.136
-150
560
828
80
1.5'*7
l»,85'*
891
-23
-2.053
2,622
395
2,017
1.591
32
3
3.337
1*32
3.3110
-638
6,587
-2.81*2
-8,676
26,653
-"*. 1*90
-6, 190
-5,91*1*
-3,371*
-5.538
lt,381
10.195
-86
59.361*
-179
2.593
-1.073
W.267
31!*
201
816
13.857
983
2,
18
5,061
562
-101,671
I.37U
-333
-13.153
308
-875
19I*
-135
-3.963
-6.851
-1.388
-'t.573
21*,
8,12l*
-2.331
-1.755
-1.368
-15,091*
-lt,786
-23,207
-11*, 21*7
10,258
-807
-611
-'*,957
-U,512
-2.353
-1.626
-5.996
208
357
-13.165
-16
-2.299
-21.805
-67
11
-U, 188
1*91
10,653
5,650
6,207
3,192
-8.915
027
2l*,262
-8.739
13.3'*8
5,81*1
-9.301
-2,282
-10.1*52
8U1*
1*66
8.977
-llU
12.613
2,02l*
13,1*06
-12,1*66
-1, lou
866
-12, 889
296
ll*,636
-16,31*1*
28,835
-U,798
7,592
251
-5.775
307
1. 322
-86U
-1*,018
-76,1*38
-31,790
ll*
1*35
-ll*,933
-33,13'*
-U,020
-1,625
10,075
-139
-10,232
-6,500
2,502
-22,229
6,5lti
2.720
-82
-66, Ul*
-31, 183
-1,1*83
-787
-75
1.328
1,11*2
-5.31*3
5.836
6,31*1
8,881
-1,920
936
3.675
782
2.336
20,056
-2.6U7
91I*
2,220
-Ul6
3,800
10.785
2.077
173
5,011
3.562
2,1*16
-275
5. 805
2.303
2,373
7.230
1.993
-3.617
-18,620
-1S9,813
-11*1,730
21*1.321
-155.501
1*0.1*99
97.950
115,621*
-32.65U
81,056
1«,U23
-17,35'*
-81,312
12,01*0
31.851*
-66.051*
-1*8,808
-73.587
-61,200
-112, 780
-72,1*58
Latin America
Argentina
Bolivia
Brazil
-2.797
-1,838
-1.011
-5.701
1U,835
lOU
23.970
12,11*1
-20.790
-10.611*
-21,1*52
-36.52'*
69
-37,51*6
1*6,01*2
2,61*7
2,335
1.190
-18,066
1*10
-663
311
208
11,983
25,818
16, 163
Chile
Colombia
CoBta Rica
-1,612
-5. 108
652
-3.525
-''.720
2,662
-5. 198
-715
-930
1*19
-230
1.013
-1*53
-6,581
-3,366
8,326
-3.102
107
-11,320
-9.163
-7.939
-35'*
-1*,
3.392
10,782
-577
1*75
-l».969
-1*5*0
1,1*89
-9.'*55
-1.21*7
Cuba
Preach Vest Indies and
Guiana
Mexico
l''.797
27,1*39
6.283
1*.229
1.035
18.682
-20,553
-9.35"*
-12,108
-521*
38
1*20
-9
588
-1.525
-1*11
-18,271
-1.969
15.793
663
-1,880
-1*21
12.073
5.731*
-5,72U
-'t,5>*3
7,002
Netherlands West Indies
and Surinam
Panama
Peru
-2,321
3,619
-3.W.3
1,121*
-2.535
-2,090
-2.118
-380
1,510
-163
-722
-136
-1.1*22
-2.1*15
-2,1*65
-1*81
881*
-1*58
2,269
-7.332
-1,938
3tl
623
-1.2l*0
950
'*.963
-3,158
-771*
Venezuela
Other letln America
-1.90s
10.158
8,1*80
-1*,398
535
13.506
-U,1*6Q
-3,959
2,625
-3,207
529
180
11.128
-11,31*2
2.375
-3.160
2,303
1*.618
91*7
8,650
-3,925
18,1*18
7.191*
Total Latin America
33,212
-3.916
38,1*1*7
36,505
17,1*57
37.271
-1*3,151*
275
-1*7.75'*
-72,600
-6,617
-1*8,1*81
-51*,
Asia
China and I^Ianchxirla
French Indo-Chlna
Hong Kong
-18,983
3.221
2,316
-17.823
220
1.528
-18,623
1,02U
-39.672
-1*0,250
-35.165
-5.195
-5.539
-39.811*
-37.617
3.787
-3.157
-23.176
2,169
-31.962
-6.150
-20,9'*H
3.632
-U,6Ul
-12,020
2,310
-59.61U
7.771
106
-1*2.597
'*.538
-1, 1*71
-1*,725
1,1*1*9
-9'*6
-10.931
-75
8.563
191
3.562
-359
-2, 236
556
103
-1.655
1.1*65
-8,81l8
-1*8
-11*1
2,1*38
596
-1,708
526
-5,281
-297
1.030
Ketherlande Saet Indies.
Philippine Islands
Turkey
Other Asia
-li717
-33.159
3,920
18,1*75
7,'t52
Total Asia
-l|«,00l*
Other countries
Australia
New Zealand
Bgypt and Anglo-Sgyptlan
Sudan
French Morocco
Union of South Africa..,
All other
Totfil other countries...
India, Burioa, and Ceylon
British Malaya
Japan
International
Unidentified
Grand total
-1.07't
10,700
12.5l|0
-2.291*
1*1*3
-11*1
3.076
-3.1*11*
-7it.65U
-5,001*
-37.2lU
5,090
5.7!*
10. 153
-1*0, 891*
116,073
-1,285
-162
2.183
165
-3.11*9
1*22
91*8
2,71*5
-621
-1.033
-1. 125
202
-139
-2.923
92'*
1.11*8
-1.362
930
i.eo6
-5.067
-3, 167
-U,928
1.807
-6.039
5l*,3U6
-22,076
-3. 061*
1*27
2.973
.232
-28,782
-1*7,033
-28l*,907
1,068
I*.
-U.936
-1.015
5.639
lit, 251
-25.038
-U,760
-252
-663
-6,302
9,681
i*,225
5.790
-16, 128
801
3,1*1*2
6,600
-1.079
-3,853
8,856
962
-1.937
-858
185
l*.336
'*.683
6,79?
-1*93
-1.599
13,068
7,712
7,717
311
1,212
l.Ul*
2,21*7
-l*,78l*
118
1.858
-2.797
-191
871
-60,822
-1*5,71*1*
-38,683
3,329
-1,622
I*.
967
-1.369
5.885
36i*
892
1*6
1,01*8
1,336
-1,267
825
271
221*
-2.288
1*1*7
3.353
-1,873
I.813
U,l*01
-5.827
1*50
183
6.350
972
7.209
995
11*5, I109
9,166
80,329
250,861
15.366
176,957
1*60
669
-1.989
-281.361
-1,060
-189
-62.939
21*5.779
-160,1*16
-112.735
7.1*70
-28,366
-2,803
-5"*.
-1.567
-1*,
lit,
6.U6
8,612
581*
-17I*,
67
661*
160
-70,261
-3j'*.009
-110.505
17.593
1.368
371
-2,999
-1,237
-36,706
-3.101
U.690
5,117
-10.38'*
-879
1,1*07
-81*6
9.71*9
-15. 908
-3,81*5
-2,31*1*
-666
U,o6U
-333
-1,01*3
161
-'*.323
-9.056
-l*,9l«
-2,675
662
-5.625
-1.720
-3.109
-1.233
-2.515
-768
-1,933
1*,893
-2I*.
-3'*.
-3.71*1
-2,211
-721
-2.725
-2,276
010
3,102
-7,51*1
-9,759
-651*
-25,162
-10,078
-3,1*98
-15,1*58
6,109
-5,365
-1*,1*23
5,816
19.352
-1.201
l*,3l*0
-3.003
-5.531*
1*1*9
-72,331
-1*8,152
-59.91s
-1*,901
1,778
-6.31*1
16,586
381
10,022
2.033
-5.521*
161*
1U7
-1*1*
-19,262
1,125
1,561
1*1*9
-1.1*1*1
-1.018
-1,503
1.177
-117
1*1*2
1,01*8
891*
-1*33
1*,201
1.193
22,207
31*,
-2,891*
995
-5.855
-52,81*6
-l*,565
8.'*67
-378
998
23.793
-1*1,1*78
-9.11*5
12,316
-l*,809
2,256,662
1.333
66U
-1,766
i*.320
-l.OOi*
-276,387
-28,953
1.902.936
-21*8,1*93
U,
11*.
-6.092
-3,966
-219
August 1947
79
Capital Movements Between the United States and Foreign Countries
Section
II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 3.- Net Movement In Brokerage Balances
(In thoiuasds of dmiara; Degatlrt flgurei Indicate a nat outflov of capital from tho Unltal Statai)
..
.
.
.
Treasury Bulletin
80
Capital Movements Between the United States and Foreign Countries
Section II
-
Summary by Countries
-
(Continued)
(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 thousanda of dollars;
negative flares Indicate net salee by foreigners)
19U6
Zurope
United Ilngdoo.
Trance
Belgium
-5.982
3IA
-195
Denmark.
Tinland.
Oeraany.
-39
35
2
6
-298
Oreeee
Italy
Luxembourg-
71
letherlands.
lorway
Portugal.
-2.306
251
-21
.
Rumania.
Spain.
Sweden.
.
Swltserland.
V.
S.
S.
B.
..
-6.31*0
-1,1*32
-5.902
1*.680
3.5^*0
-U2
-2.060
71
-l*9U
20I*
-100
-U.716
-7.626
786
1.816
1.666
798
31"
I.25I1
10
39
8
131
1,276
-2
-20
31*
k
13
1
-23
.21
21*7
232
8
5
-919
-93
-13
33
8
219
-3
-20
135
11
8
18
70
US
56
12
-210
52
25
.m
-31
299
72
-21*3
652
-186
20U
-117
-10.100
-71
-2
-1*5
6
-55
-35
19
-197
1.076
-56
-1.273
U29
-506
388
-23
-2,1*10
-3.8»i7
-11.U99
-U.9l*9
-8.0U2
-8.8U2
-6.150
-327
-19
-5
-5
-1.881
1|,66U
1*37
1.1*52
-26
28
635
-1*28
52
1.023
119
-10
-1
20
1*5
-lU
-11*7
-125
1*3
-25
-230
1,925
-332
-213
2
6
26
-3.987
-1.923
1.8U2
732
607
-53
1,176
-2
u
-25
-25.067
-1.681
-6U
82
-2U8
209
-51
-7.753
100
-732
-2.558
-I1O8
-380
-li*.938
3
5
-2
3
-12
-2.021
-7
-2.133
-11.291
-3.558
39.68lt
-i*.Oll*
•67.567
11,518
1.923
16
138
3.115
1.11*2
1
255
1.023
1.895
362
-3
632
269
-91
-5.957
-'t.959
122
31
3.223
U
536
761
27
"192
213
-3
-19
-1U3
-28
1,919
Total Latin America.
China and Manchuria.
Trench Indo-Chlna.
Hong Song
India.
Burma, and Ceylon-
British Malaya
Japan
Vatberlande laet Indies.
Philippine Islands
Turkey
Other Asia
Total Asia
Other countries
Australia
Hew Zealand
Igypt and Angle-l^ptlaB
S udan
18
11
178
U
336
66U
17
665
-3.283
-2. 769
-11
-2.321*
-2U
-20.263
2.265
-8.233
2,866
5.691
16.136
25. 1*56
59.255
-75.827
36,22U
10,91*3
21.965
20,012
-21*
1*3
-2
17
-3
3.566
25
1.702
62
21 1*
-91*
1.132
168
1,286
767
-516
208
291
323
710
13
-961*
2,313
108
IU7
-50
2
571
26
-130
83
33
17
1.596
1.197
368
2.262
-19
1
-1
1
1.1*38
-2
5U5
77
1*31
27
72
I*
-23
-652
-8
2,561
-319
31*8
275
-18
-322
-152
92
-9
-3
-2.791
28
2.595
89
1,1*1*0
235
1,500
-1*. i*5l»
362
535
16,219
25. 779
26.U17
1.985
2.091
5.691*
-1,016
-7"tl
-1.11*5
1.787
-1.073
-398
-27
310
-8
1.532
-3
-21
17
-57
6
1*66
-U91
261
3.278
10.219
-7.'«6
U.2I*6
-1,281
38.551*
-752
-3.U9U
-3.689
-1.810
.11.106
-1.669
-9i
-183
-126
-130
-50
1*59
-195
-368
1*6
1.31*9
2.525
96
125
139
1)8
-29
529
119
-26
-10
.IU.0U9
-1*05
97
30
-2
-3
-80
-l.'»73
2,038
-61*8
15
-2
2
2
-11.1*95
-798
-963
-103
1
-156
506
3.366
1
58
5
1
.11.21'!
51
19
-1
5^
29
-20
733
760
15
-I
3
-8
-109
-12
13
-12,075
-2
-U, 5U8
195
8U
1*5
-211
-3
-189
-575
8
11*7
-1
-3.505
-9t
-l*U
2U
-15
-203
-50
U
80
160
u
-U
7
7.171
30
-50
-317
-25
-5
-195
-2.007
108
-57
3'*
33
13
1*0
-76
U9
110
-76
-53
-139
52
U6
-26
-862
-3.96't
-3.968
-1,812
-12.1162
-6,392
-13,133
-769
-U. 7I10
3.UU6
6.536
-1.218
-258
129
10
123
91
10.903
806
-I
-3
5
-533
-3
-16.81J
10.273
-2
-l6.U7g
7
-22
k
-16.398
2
-25
-60
1*5
-29
19
HO
-211
-87
-19
23
-7
-3
1
21
-119
-25
58
35
-83
-75
-I16
13
31*9
9
lU
-163
18
-1*1*
-26
-96
-52
-18
lUO
-I.0U9
-16,055
10.697
829
-657
-i6.6ei*
10.1*69
-17.616
2.558
li'.963
20.035
16.893
16.1*90
70.116
103.033
-U52
I16
-32
61
Total other coujitrles
3
12
-203
Unidentified
Orand total
1.505
-5.995
-81
12
1
106
*.
Trench Morocco
Union of South Africa.
All other
152
1
125
-1,120
.
.
6.307
-3.191
20
3.737
95
erica.
20
'°
21*3
-9
.
15
121
-175
-Zk}
179
.
-359
29
91
-62
"3
VenesuelaOther Latin
-Uli6
52
16
3.'«99
Betberlands Vest Indies
and Surinam
Panama
Peru
1.850
-1.759
227
-9.672
-22
-U.006
2.095
-12.265
Cuba
Trench Vest Indies and
Oulana
Heilco
{"ebruary
-3.1*68
-17. 751
.
January
U75
Total lurope.
Chile
Colombia.
Costa Blca
December
-2.93''
-2.037
Latin America
Argentina.
SollTia. ..
Brasll
November
-3.573
Yugoslavia.
Other Kurope.
Canada.
October
-5.381
-3.210
-615
-62
-2.137
.
191*7
September
August
July
M«7
ijpril
-6
75
31
19
-21,508
-11.172
-17.097
-5.107 87.383
.
.
August 1947
SI
Capital Movements Between the United States and Foreign Countries
Section
II -
Suimary by Countries
-
-
(Continued)
(Continued)
Table 5.- Short-Term Claims on Foreigners as Reported by Banks and Bankers In the United States
(Position at end of month in thousande of doilara)
I9U7
I9U6
Europe
United Kingdom
Trance
Belgium
Senjaark
Finland
Qermany.
Qreece
Italy
Luxembourg
Ketherlands
Norvay
Portugal
Kareh
April
£3,385
728
3.5«2
31.633
859
1.059
1.219
33.856
1,080
6U7
75.78U
91*0
3,1*08
65,831*
3.061*
7.707
8,830
9,073
53
108
161»
31*3
2,021
33.852
l*,ll29
l*,296
33,81*2
33.851
33.853
3.973
33.852
798
"35
72
2.025
575
72
1,500
1,033
72
1.105
I.6U7
2.1*35
i'.339
69
2,039
3,791
72
35.767
6.228
"3.360
195
398
112,1*88
119,365
119,61*1
122,816
1,176
552
271*
551*
1*72
521
687
7U3
1U5
73
2.091
2.958
5«
2,917
5,552
61
i*,2oe
7.61*2
33
3.327
6,1*82
6,663
15
8
12
1*,980
U.307
'',591
30
1,512
1,280
l,l*Ul
Swlt zerland
5.573
6.U96
S. S. S
TugoBlavla
Other Europe
Total Europe
u
8
Ik
9
7
I^tln America
Argentina
Bolivia
Braiil
215. 31i:
221,231
276,81*9
268,983
50,066
53,552
U2,2l*6
1*3.563
2'»,732
26,768
2,862
31.877
20,1*21
20,U17
3.059
28, 396
27.891
25.573
13'*.
1.975
30,901
1*,1*39
3.2l*0
23,631
1*1,287
7.1*73
10,553
22.587
21, 2W*
8,02U
23,189
l,ll21
7.017
19,953
1.359
1,21*2
1,521*
2,125
9,81*6
37,12U
22,9011
27,582
29,336
25,639
15.596
65
1U,252
72
1U,111
51*
19
13
13.528
I5.0U5
15.151
205
17.186
7,062
20,110
Cuba
French Vest Indies and
Guiana
Mexico
6,728
2.875
3,803
1.135
1,1%
UlH
1.780
3.6116
3,8U5
3,1*83
Venezuela
Other I«tln America
7,699
26,089
7.392
7.719
7,90?
26, 580
21, 189
Total Latin America
178,1*1
166,122
22,8ltU
25,610
21,
30"
1*58
353
1.628
3.378
3.598
2,121*
22,
8.136
2U.029
25,832
158,030
l61*,72lt
170,350
135,232
22,587
23.920
20
2.038
19,01*9
28,581
58
19
2,162
2,935
9.366
1.680
300
10,782
500
Pom
6
796
Chile
Colombia
Costa Bica
Ketherlands West Indies
and Surinam
Panama.
5.060
1*.687
6U. 663
2,729
29,980
,
5.001
3
6
lt.953
5.1189
62,883
126,057
^
2,Ul9
7.960
lU
••,875
CanaAa^
August
30,i*s6
Spain
Sweden
U.
July
32,571
879
I*.
952
t33
fiumania
May
1.31*7
8,071*
Asia
China and ^4anchurla
Trench Indo-China
Hong Eeng.
,
India, Burma, and Ceylon.
British Malaya
Japan
176
19
It6
l,lt51
l,5lt8
1.953
6,812
235
305
7.215
190
302
6.618
336
303
7.366
1.381
16.667
939
3.517
Netherlands East Indies.
Philippine Islands
Turkey
Other Asia
1,39't
1.371*
15.967
1.083
3.332
16,085
866
3.921*
1.390
16,696
856
3.625
"otal Asia
53.599
57, 133
51*, 1*10
1.317
l.'t53
67>»
585
210
72
Ot'-
88
30b
129
300
1,171
1,258
18, 51*3
19,20ll
895
3,919
3,868
56, 236
57.11*3
67,990
1.790
591
1,901*
2,871*
2,887
579
1.102
l,2l*0
198
213
296
250
U38
62
6.650
2.397
31*
I5U
5.821
2,5lU
7,797
2,389
8,1*53
3.81*0
10.608
U.3l*5
12,811*
15,226
911*
er countries
Australia
^ev Zealand
Egypt and Anglo-l^ptian
Sudan.
French Morocco
Dnlon of South Africa.
All other
Total other countries.
Cnldentlfied
Grand total
.
.
.
.
3U2
1*31,930
1*31*,
112
8,035
2,350.
ll*.723
211
71
55
105
270
1*90,703
5U.021*
561,1*16
36
8,060
2,661
15.322
Septeabtr
October
Hovember
December
January
February
March
Treasury Bulletin
82
Capital Movements Between the United States and Foreign Countries
Section
II -
Sumary by
-
(Continued)
Countries - (Continued)
Table S.- Short-Tern Liabilities to Foreigners as Reported by Banks and Bankers In the United States
(Foaltlon at and of noath In ttaouaaadt of dollaro)
.
1947
Aucfust
(S3
Capital Movements Between the United StateB and Foreign CountrleB
Section II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 7.- Foreign Debit Balances (Balances Due From Foreigners) in Brokerage
Accounts as Reported by Brokers and Dealers in the United States
(PotltioD &t end of BODth in thousands of dollars)
19W
19U7
Au^st
tfril
Haj
1,800
2.079
1,825
268
68
118
2.016
287
110
1.381
337
75
1,92s
267
127
Danaark
rtnland
109
82
78
80
60
70
Oai«aa]r
S
7
7
7
turopa
Unl tad Ilngdoa
franca
Salglua
Juljr
Saptembar
2^
1.267
339
lOU
107
Octobar
1.282
2S8
97
Vovaabar
1.091
290
198
2
2
U
Vatbarlanda
Korway
Portugal
11
128
;02
113
8
8
2
133
123
1.071
Other luropa
I40U
Total Xtiropa
>t,652
I*.
6. 37'*
1.770
118
386
Abru&ry
1.123
25i
1.135
221
1.073
197
111
129
59
a.Wti
305
66
1
11
1
1
lit
19
2
18
2
2
2
5*
2
2
2
32
32
2ll^
lOU
232
10
105
238
224
V
106
237
S
8
11
81
72
9
75
2
68
815
salt
1,252
1.1*63
2
9i»
2
11
152
252
127
276
130
185
95
359
8
8
8
8
2llt
17lt
106
175
157
62
58
87
920
1.058
825
8lt7
660
959
767
353
320
275
233
193
577
't.357
3.987
It.
130
3.056
3.670
3.200
7.260
6.729
7,168
5.382
5.676
5.632
It.
1.766
1.895
2, Olio
3.211
l.UltO
I.IOU
1.707
808
98
1166'
Janaaz7
131
U
Oraaca
Italy
Luxaabourc
Dacenbar
11
BujDBnla
Spain
Smdsn
Bwitsarland
7llt
S. 8. I
Tu^slavl a
n.
Canada
Latin America
Argentina
BoliTia
Braill
1.519
1.602
1.635
1.753
Chile
808
1.173
2U
i,U99
99
1.199
ColoBbla
Coata file*
1.290
160
21
1
U.OSS
U,22>t
u.itte
3«
"3
1,580
38
1.778
l.it69
U
39U
2lt5
89
Its
301
117
3
5
3.132
2.156
2,362
1.792
1511
"•.585
"t.55«
It,
,
Cuba
Trench Vest Indies and
Oulana
Mexico
Hetherlands Vest Indies
and SurlnaB
Panaa*
Peru
151
2.792
2.763
3,010
U.819
817
5.206
It,
527
5,3Wt
U.5U0
I.I3U
1,107
1.035
1.175
1,161
I.6O8
1.635
1.576
l,ltS2
1.319
1.6^
1,821
1.555
87lt
1.078
817
7lt3
82
79
3
80
861
ZUl
2lt8
3
3
76s
192
2
5.898
6.967
6.179
807
It,
Total Latin Aaarlca
18,1|82
18.317
17.636
5,615
6.051
6,272
70
ito
10
68
73
1
1
3"^
Burva, and Ceylon<
5.025
5.258
5.763
5.961
33
33
30
1,683
30
30
2,172
71
l.52lt
30
1.805
2.231
2.153
2.ltit9
91
82
30
39
27
36
5
37
1.859
227
1.880
3.523
17.536
5.707
1
3.372
It, 209
Asia
China and Manchuria
rronch Indo-China
Hone Konc
lUl
3
Tenezuela
Other Latin Aaerlca
India,
2.950
1
1.6U9
Iritish
Japan
20
2
51
2
3t
6.200
6.358
2.637
3.006
13
S6
9
U
Ito
116
It
2
81
1C6
87
119
1,823
3.926
1.839
1.877
5.1113
It,0ll2
li,U72
2.lt39
t.it53
17.lWt
I8.61I1
17,999
19.51)0
20.651
06 It
3.I1O2
3.509
1.7*7
U.SOl
19.913
20.060
17,627
17.326
6.U72
6.792
6,lt60
5.225
175
31
22lt
90
29lt
29
69
3t
33
1
1
1
5
6
6
U
676
9«7
1,251
1.338
863
955
Ul
37
36
6
5
3
ii
8
It
23
6
6.3ltl
6.207
6,500
6.516
7.026
6.198
5.930
5,i|ito
5,lt6o
15
16
m
13
25
2>l
15
19
15
Ul
lit
53
U2
25
^
87
sit
93
71
57
TO
lit3
116
12li
115
95
152
35.936
36.Wt5
35.315
37.675
36.655
32.985
32.969
31.589
30.it75
32.189
29.705
32.5i«7
It,
It.
910
J?
5
78ll
It,
723
3t
It,
112
It.
It.
101
Malva
Vetherlands last Indies..
Philippine Islands
Turkey
Other Asia
Total Asia
Other eonntriea
Australia
lew Zealand
Igjrp^ end Anclo-lffptian
Sudan
Trench Noroeco
Union of South Africa
All other
...
Total other eaxinirlee.
. .
6.556
It,
321
It.
501
7
5_
t.189
6
7
82
78
62
35
Dnldsntlfled
Grand total
311.230
Treasury Bulletin
8k
Capital Movements Between the United States and Foreign Countries
Section II.- Summary by Countries
-
-
(Continued)
(Continued)
Table 8.- Foreign Credit Balances (Balances Due to Foreigners) In Brokerage
Accounts as Reported by Brokers and Dealers in the United States
(Position at «nd of oocth in thoiuaad* of dollar*)
,
August 1947
«5
Cap! tal Movement 8 Between the United States and Foreign Countries
1
.-
(Continued)
- Details for Month of March 1947
Short-Term Claims on Foreigners as Reported by Bonks
and Bankers in the United States
Section III
Table
-
(In thousand! of dollsrs)
Treasury Bulletin
86
Capital Movements Between the United States and Foreign Countries
Section III - Details for Month of March 1947
-
-
(Continued)
Table 2.- Short-Terci Liabilities to Foreigners as fteported
by Banks and Bankers In the United States
(Position at and of oonth In thouaandi of dollara)
(Continued)
August 1947
87
Capital Movements Betneen the United States and Foreign Countries
Section III
-
Details for Month of March 1947
-
-
(Continued)
(Continued)
Table 3.- Porchases and Sales of Long-Term Securities by Foreigners as Reported
by Banks, Brokers, and Dealers In the United States
88
Treasury Bulletin
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 1.- Net Position by Countries
(Id thouBande of dollars;
negfttire figure! Indicate Ihort position)
.
.
..
89
August 1947
Position in Foreign Currencies as Reported by Banks and Bankers in the United States - (Continued)
Table 2.- Outstanding Forward Exchange Contracts
(In thouBande of dDllaxB)
Currency of:
Contracts aa of
end of month
Europe
(continued on following pace)
Grand
total
Total
lurope
United
Elngdoa
kk. 868
to, 258
iji, 1425
57.378
31.711
32.270
30,885
33.305
to. 103
37.211
31.673
52.199
30, 698
35.026
39.727
116
100
50,262
''9.3'«
33
Bel£luB
Oeraanj'
Ital7
SetherlandB
Portugal
Spain
Purchase contracts
Total;
19llt-July
Au^uB t
September.
October.
KoTember.
December.
iglty- January...
February.
.
.
Karch
from foreign customers
19U6-July
August
September
October
BoTenber
December
19**7-Januar7
Tebruary
March
51.390
47,162
"5.503
U2,l»96
UVU3I*
itU.sUo
U6.2te
52.359
bz
2.116
1,9'<2
2.183
l»,l<6lt
3.767
3.296
2.752
3.678
6"6
820
6to
1.159
2.16U
i.ote
1.U20
1.0U9
l.9''3
68
to,Ol»l
20
20
32
5
336
188
80
28
"I
8
22
20
70
23
37
"5
6146
808
605
1.159
2,119
1.016
i.too
1.007
1.937
"1
22
20
Troa domestic cuatoaera;
ISUfc-July
August
September
October
Vovember
December
I9't7-January
Pebruary
Harch
•9. 7't7
U3,olt6
•3.561
UO.313
38.970
'tl.073
U2.9146
''9.607
58,808
Wt,222
31.885
"3.779
39.233
36,606
30. 51"
30,080
29,682
51,626
;59.05"
''8.319
39. ''38
36. 738
30.552
30.106
29,8'i3
68
5
.
23
33
I]
92,280
8",3"3
77.177
70,186
67.072
90,958
83,283
76.310
69,080
61, 781
60,9"0
65.735
63.719
70.697
2,666
".520
1.310
l."30
2.185
3.0"9
2.6""
3.91"
".181
2.666
102,6""
91.97"
89,61"
80,323
76, "97
To foreign customers:
191'6-July
August
September
OetoWr
Sovember
December
19"7-January
Pebru&ry
March
To domestic cuatomere:
19"6-July
August
September
October
loreaber
December
19"7-Jaiiuai7
Pebruary
March
88, "52
69. "26
82,277
73.689
72,613
66,205
77, "19
66,093
73.3"7
81.257
63. "16
61. "37
70.38"
8
70
38, 720
105,310
96, "9"
89.762
83.707
75.87"
75.662
80. 063
77.261
85, "38
66.S"0
6",7"9
72.265
178
60
28
"7,to5
Sales contracts
.
336
116
100
Total.'
19"6-July
August.
September
October.
SoTember.
December.
19"7-J8Buary...
Pebruary.
March
20
20
66, "32
.
..
Treasury Bulletin
90
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 2.- Outstandlns Forward Exchange Contracts - (Continued)
(In tbouaands of dollars)
Currency of;
CoDtracti aa of
and of BODtfa
lorop*
-
SvUiarlaad
(coatlDoad)
Latla
Aaerlca
Other
Burope
Total
Alia
China and
Manchuria
Hone
Xong
Purehaae contracta
Total:
19U6-July
AU«UBt.
19
..
September
October.
HoTeaber.
December.
19U7-JaDuar/.
February.
March
7
31
.
16
10
10
11
61
25
106
221
S22
lU
18
22
2.U97
2.5Wt
3.179
3.058
2.107
3.6^7
3.6't2
3.550
5.295
857
1.376
I.37U
"•.659
".370
5.1^9
5.302
5.0U1
3.tl7
2.552
2,283
3.039
2.877
190
20
''.575
'*.715
3,868
3.539
3.386
15
TroB foreign cuetoners:
19116-July
August
September
October
BoTODber
December
19
17
17
17
U7
k
19'»7-Januar3r
February
March
From doaettie cdstoaarei
ISUb-Jui/
Aucuit
September
October
lovember
Deaember
19'*7-J>nuaT7
February
March
1)2
31
7
61
106
179
122
53
19
2.'t97
7
2.5W»
16
10
10
21
Ik
18
16
3.179
3.058
2.107
125
125
125
857
1.357
1.357
U.6U2
1.353
}M1
3.6>t2
5!l77
iMl
>t.91b
5.295
3.29Z
875
155
181
903
179
560
729
503
588
1.677
1,128
1.858
1.97"*
2.396
2.155
2,139
2,036
1,798
1,028
1.158
I.8I19
10
1.733
3.057
l,8l6
1.095
1.222
1.575
Japan
Other
laia
All
other
i
, ,.,.
91
August 1947
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3.- Purchases and Sales of Fbrelgn Exchange (^nt and Forward)
(In thousandt of dollar*)
Carr€nc7 ofi
Tr&niactlon
dorian aonth
Buropa
(flontlDttad on follovlBg paga)
Orand
total
Total
Europa
Onltod
KlB^doa
209.795
l't't,57i
123.091
1»U,812
37.888
75.813
15.233
77.268
37.'*03
Balclu
Oanuay
Ital;
HetharlAnda
Pertocal
Spain
Total purohaaaat
19'16-Jiily
August
Septemlier
October
NoTambar
Deoanbar
19'*7-JRnuar7
February
March
Spot
Vonrard..
Spot
Torvard.
Spat
forward,
Spot
Forward,
Spot
Tbrward.
Spot
Torvard,
Spot
forward,
Spot
forward,
Spot
forward,
136,613
2O.0«6
ISU.SUg
22.356
158,676
26,067
11*0, 71U
21.365
167.768
26.396
162,022
27.652
157.975
23.252
197.150
35.126
2.282
1.201
68
1.669
1*9
1*85
1.329
1*10
113
309
923
291*
761
25
120
3.008
307
62.113
15.216
2,001
60.72'*
17.'*89
1,858
100,792
17.362
81.388
15.398
86,923
1.938
l.oUl
53
333
1.1*92
\Th
17.2'*7
103
1,808
1.011
10
157
807
251^
15.3'*2
1
92.1*96
73.866
3,750
1.189
35
223
17.1*35
98.'*09
79.033
21.932
1.999
1,01*2
20
U9i
78.1*20
2,282
lU
265
19.019
111,181
2,160
1.392
125
1.201
1.123
22
831
20
878
318
17.597
50
1*99
1,188
182
17.5''5
22.383
97.920
19.281
130,186
2"*. 723
69.305
2
5
32
3
1*1
U5
2
2'*,106
119
63
1
Purchaseo from banks:
loU^Julj
iU£USt
September
October
KoTember
December
19lt7-January
February
March
Spot
forward,
Spot,,,,
forward,
Spot,..,
fbrward.
Spot,,,,
forward,
Spot , . .
fbrward,
Spot,..,
forward,
Spot....
forward,
Spot.,.,
forward,
Spot.,..
forward.
15''.
151
30,633
82.573
13,566
82.326
15.099
103.736
117.^86
25.713
97.96U
25.713
2,026
1.159
1*9
1*85
1.191*
372
1*9,620
37. 1*1*0
1.582
1.1*85
113
288
831
220
P. 810
9.798
35.175
12.2WI
59.867
2
1.71*0
66U
23
117
2.966
280
93U
53
3lii
1.1*39
933
8
127
791*
1*8,91*8
15,33'*
12,299
72.213
12,865
81.816
50,311*
32
3
1.756
12.75'*
103
1.1*67
118
11,751
z
177
15.1*85
39.980
11.695
102.682
16.338
106.119
20.365
60.13'*
'*5.306
1.793
1.025
18
218
261
10,771
70,792
10.633
53.975
16,279
1.032
22
1.73"*
988
lit
U70
79lt
110
97.73''
65,338
13,760
91.107
1*7.702
1.773
1.31*9
lit
i6i
20
869
ui
13.690
75.683
15,068
2
1.922
10
966
50
lilts
I.1U6
182
27.085
12.175
26,193
25.127
11.690
2U.673
16.239
125.882
20,512
16,3'»7
1
Purehaaes fron others
igltfi-Jttly
Au^it
Septenber
October
BoTeaber
Seceaber
1<*7-January
february
March
Spot
Forward,.
Spot
Forward,
Spot
Forward.,
Spot
Forward,
Spot
Forward.,
Spot
Forward,
Spot
forward,,
Spot
forward,,
Spot
forward,.
55.6W
lit.
179
5h,o'*0
6,520
52.320
7.257
5.1*23
5. "118
28.320
25,51*9
5.21*6
5,*5
5lt,9liO
28.579
27,056
10.733
58.898
5.880
65.086
10.058
55.903
7.287
U,1»9T
31.071*
29,325
60.2ltl
7.013
71.268
lU,6lU
3.6U7
32.362
6,826
27.617
6,036
32.582
5.521
39.079
9.377
256
1*2
U19
68
18U
135
38
21
92
7U
3
ui
27
5
118
182
19
53
56
2
30
13
77
17
5
91
57
i
26
107
it,lt93
3U1
3.61*7
16U
28,560
6,802
25,058
5,653
30.TI8
5,329
1,<'57
37
9
509
1*3
99
9
22
35.1*98
238
115
235
51
U2
265
51*
115
9.038
(Oontlmied on followlac
1
pa^)
Treasury Bulletin
92
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
-
(Continued)
(Continued)
(In thoueandB of dollars)
Currency oil
ltu-op« -
TraniactiODi
durlQ£ nonth
(continued)
Swlttor-
lul
latin
Aaerlca
Other
Europe
Total porchaeeei
ISUfi-July
Au^uet
Septeotier
Oeto1>er
NoTeal>er
December
19U7-JanuAry
FeDruary
March
Spot....
forward.
Spot
Jon'ard,
Spot....
Forward.
Spot
Forward,
Spot
Forward.
Spot
Forward.
Spot
Forward.
Spot.. ..
Forward,
Spot
Forward
5,371
«,600
753
37.316
't.952
562
3'',6>t7
5. '•70
328
3'',
6.197
3''6
3,05'»
32.5'>6
5.100
391
10
603
un
2,877
3.'*6g
10
21
2.295
12
2.5>»5
u
3.oq6
3.l6g
699
3,783
31,?96
2,38''
IS
8,203
6U
11.952
106
ll,9Ul
65
11, Use
598
U.19U
9.U8O
563
10,558
2,582
U.gjg
350
10,'tU3
5.070
210
5,999
261
72
2.39't
210
2.257
70
1.826
k
523
itog
U19
'*0,131
".310
35.551
2.6U1
32.111
2.755
38.618
6.892
Purchases from hanlce;
Spot
Forward
Auguet
Spot
September
Spot
Forward
October
VoTenber
December
IflUT-January
February
March
Forward
Spot
Forward
Spot
Forward,, ,,,,
Spot
Forward
Spot
Forward
Spot
Forward
,
Spot
Forward
7.752
UO
U7U
1.197
H.l''5
Ug
365
1,819
U,339
266
2,571
19,515
1.753
17.222
1.658
17.791
1,666
2U,263
2.811
23.U23
2,011
I''. 765
l.'<52
8.907
351
2'',363
U
27't
1.177
10
2.703
20
J.'* 72
g
1,619
U,o2g
U
2.255
72
281
10
U
58
l,5''l
3,572
Purchases from others:
igltfe-July
August
September
October
yo'ember
December
1QU7-Januftry
February
March
Spot
Forward,
Spot...,
Forward,
Spot,...
Forward.
Spot..,.
Forwerd,
Spot....
Forward.
Spot....
Forward.
Spot,...
Forward.
Spot....
Forward,
Spot....
Forward.
120
190
17.838
886
U2U
9U
212
15,20'l
1,961
Uoo
118
15,18U
1,301
8?3
u
926
198
85
15,37''
172
110
2,125
13,505
sUl
'•51
219
15.868
158
12.128
630
lU?
1?.3''6
1.2l'i
68
1''.255
>»17
597
1
718
2U
1.197
807
210
58
1'3«
602
70
7
37U
2.573
lU
32U
1,'»99
3,320
6.528
Total
Aela
Japes
Other
Aale
All
other
,.
.
August 1947
93
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 thouiandi of dollars)
Currancy of:
Traoaactiona
during fflooth
Suropa
(continued on following pf^e)
Qrand
total
Total
Europa
Dnitod
KlD^dom
BalgluB
Oennsny
Italy
Ketharlandi
Salea
Total ealea:
19U6-July
iu£uat
Spot
forward. .
Spot
?orward,
Spot
Torward, ,
Spot
Torvard. .
Spot
7orward. ..
Spot
Forward, .,
Spot
Forward.
Spot
Forward. .
Spot
Forward,
15'5.020
75. "15
107,101*
65.771*
128,836
75.863
19.078
81.287
20.195
87.398
6U,38U
61.926
18,991
65.960
20.118
2.202
17
2.006
1.073
3t
1,582
1.878
93,8'*6
81*. '•93
277
1.793
105
1.925
889
U
1.071
.
September
Octolier
No'embep
Deceober
I9U7-J anupjy
,
February
March
,
133.07?
26,815
152.390
33,IT3
138,051
172.330
23.715
156.721
37.235
10l*.662
23.582
69.756
18. 969
86,253
lit, 1*00
11I.302
97.630
l'^7,529
27. '•12
197,019
35.702
103.676
23.537
135.860
27.309
78.501
30.539
8U.U65
23.123
116,230
26.071
68,826
1*6.329
28,11*9
25.203
37.270
12.231
2lt.0OU
2**,
82.170
19.106
3l.li*o
52
UU
1
6
997
37
36
13
6
21
3.796
1.275
2.27'*
.'•18
lU
6
10
.379
51
21
2
2,lUl
23
Sales to banket
igllfi-July
August
Septenber
October
Uovember
Deceober
igi^T-January
February
March
Sales to other*;
Mllt-July
luguet
Septeffiber
October
November
December
igUy-January
February
Harch
Spot
Forward,
Spot.,..
Forvsrd,
Spot...,
Forward.
Spot....
forward.
Spot....
forward.
Spot....
Forward,
Spot
Forward.
Spot....
Forward.
Spot,...
6U.725
18,001
75.619
17.7Wt
6s,06U
13.532
88,208
15.029
80. 653
20.0Wt
86.653
lU,9U7
117.530
ftorward.
Spot
forward,
Spot....
Forward.
Spot....
Forward.
Spot,...
forward.
Spot,
forward,
Spot..,.
Forwerd.
Spot..,,
Forward.
Spot,,..
Forward,
Spot....
Forward.
58.625
l'i.639
i*l,lU9
l'».987
50,1*22
15. Oil*
1*1.697
lW.773
2U,721
601
300
33
31,1*9'*
871
'•62
97
12.211
33.361
1*53
305
13
'•53
290
5
ll'.676
2
37,03'*
1*82
269
2.171
1*29
1
523
505
6
623
li69
515
10
616
1.601
10
1.135
773
3t
1.120
17
1.1* 25
58'*
2U
6
1.3i«)
U
10.269
10,333
56,020
1*7, '•89
10,951*
10.831
53.328
17.207
59.997
13.080
'•3,1*89
17.83'*
85. '•93
l'*,8U7
90,19'*
'•7.766
60,775
1*6.625
1*0,571
39.663
50.U32
6.780
32.599
5.163
39.112
8.906
32,722
8.700
38.76U
38.593
6.?'*7
'•0,138
8,81'*
5.208
76,771
'•8,'^2't
15, '•29
69.987
IO.U72
9.263
Uo,U73
8,773
8'^.122
l*8,6'*2
8,6s6
76.068
17.191
70,876
12. '•65
80,389
17.868
1
1'*.955
•5.381
17,082
50,625
12.788
76,025
lU,202
70.211
10,235
68,353
7
19
31
103
728
6
13
1.625
8U6
20
3.536
3.1*71
J*. 302
35.012
1.1*51
679
13.933
13.1*57
33.81*0
1,651
903
lit
763
1*8
'*3.879
IO.U57
50.367
12,1*62
10.335
39.302
11.869
9
15
2
6
1.672
23
32U
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)
-
(Omtlnued)
(In thoueasda of dollaxB]
Currency of:
Traneactlone
during month
Europe - (continued)
Swl tierland
Total sales:
19U6-July
Spot,...
Forward,
August
Spot. ..
?orvard,
September Spot....
Forward.
October
Spot.
Forward.
Novemher Spot....
Forward.
December Spot.
Vorvard.
igUy-Janunry
Spot.
Forward,
February Spot....
Forward,
March
Spot....
Forward.
. .
Sales to bankei
igU6-July
Auguet
.
.
.
.
Spot...,
Forward.
Spot.
.
.
Forverd.
September Spot.,.,
Forwairl.
October
November
December
igUy-January
February
March
Spot.
.
.
Forward.
Spot.
Forward.
Spot....
Forward.
Spot
Forward,
Spot,.,,,
Forward.
Spot.
.
.
.
.
Forwa rd
Sales to other*:
19l*€-July
Spot
Forward,
Spot.
Forward,
September Spot,...
Forward.
October
Spot. .
Forward,
November Spot.,..
Forward.
December Spot....
Forward.
19^7-Janiiflry
Spot. .,
Forward.
February Spot ....
Forward.
March
Spot. ,.
Forward.
August
.
.
,
.
U.U\2
Other
Xurope
Latin
America
Tptfll
ABta
JbpAn
Other
Asia
AH
other
Treas.
HJ
10
.A2
1947
C.2
U.S. Treasury Dept.
Treasury Bulletin
mill
1
0031955
m
m
@FedFRASER