Full text of Treasury Bulletin : August 1954

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

LIBRARY
APR 15

1955

TREASURY DEPARTMENT

/
'

/

LIBRARY
ROOM 5030
JUN

2 3 1972

TREASURY DEPARTMENT

/

TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON

25, O.C.

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS

BONDS

FMEAmMY:
MUHILETm

nUGUST-ia54

UNITED STRTES TREflSURV DEPARTMENT
DFFICE QF THE

SECRETBRV

August 1954

Table of Contents

Page

Treasury financing operations

A-1

Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

6

Treasury cash income and outgo

11

Debt outstanding and Treasurer's account

15

Statutory debt limitation

Ig

Debt operations

ig

United States savings bonds

2k

Treasury savings notes

^0

Ownership of Federal securi tl es

3I

Treasury survey of ownership of Federal securities

33

Market quotations on Treasury securities

37

Average yields of long-terra bonds

ko

Internal revenue collections

14-2

Monetary statistics

l\^

Exchange Stabilization Fund

50

Capital movements

52

Cumulative table of contents

62

Note: Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.

The Treasury Bulletin la for sale by the
Superintendent of Documents,
U. S. Governinent Printing Office, Washington 25, D. C.
Subscription per year $4-. 25 domestic, $5.25 foreign.
Single copy price varies.

A-l

Aut/usf /95-f

Treasury Financing Operations

Cash Offering of Tax Anticipation Certificates

interest in its customers

On July 16, 195'*'. the Secretary of the Treaaury
announoed the offering on July 21 for cash sub-

no customers had any beneficial Interest in the

2,

IS^'*-,

and bear interest from that

date until their maturity on March 22, I955.

They

subscriptions, and that

bank's own subscription, also was required.

Borlptlon of S3-I/2 billion of one percent Tax
Anticipation Certificates. The certificates are
dated August

'

In the announcement on July 16, the Secretary
of the Treasury also stated that near the end of July
the Treasury would announce an exchange offering open

will be receivable at par plus accrued Interest to

to holders of the Issues of Treasury certificates

maturity In payment of Income and profits taxes
uue on March 15, 1955.
The securities were Issued
in bearer form only, in denominations of $1,000,
They
$5,000, $10,000, $100,000, and $1,000,000.
are designated one percent Treasury Certificates
of Indebtedness, Series C-I955, Tax Anticipation

of Indebtedness maturing August I5 in the amount of

$2,722 million and September 15 in the amount of
$'(,72% million, on which it was planned that the
subscription books would open early in August. It
was proposed to offer holders of these maturing

Series.

and a secxu-ity with a longer maturity, either a long

securities the choice between a one-year certificate
note or a short bond.

The subsoription books were open for one day
only, on July 21.
Subscriptions totaled $9.2 billion, and allotments amounted to $3-7 billion.
Commercial banks were allotted slightly over $2 bil-

lion and nonbank Investors more than $1.7 billion
on original Issue.
Subscriptions were allotted
k-0 percent but those for $50,000 or less were
allotted in full. Subscriptions for more than
$50,000 were allotted not less than $50,000.

Maturing Certificates of Indebtedness Refunded
In accordance with his statement on July 16,
the Secretary of the Treasury announoed on the
morning of July 30 an exchange offering on August

3,

of one-year 1-1/2 percent certificates of
indebtedness Eind 6-year and 3-™onth 2-1/2 percent

195'*.

Treasury bonds.

Holders of the $7.5 billion of

certificates of indebtedness maturing August 15 and
September I5 were offered the choice of the two new

defined as banks accepting demand deposits, were per-

Issues.
Cash subscriptions were not Invited.
Results of the offering will be summarized in the

mitted to subscribe for their own account without

September issue of the "Treasury Bulletin".

Commercial banks, which for this purpose are

deposit, but were restricted in each case to an

amount not exceeding one-half of the combined
capital, surplus, and undivided profits of the
subscribing bank as of June 30,

195'^.

A payment

of 10 percent of the amount of certificates sub-

scribed for, not subject to withdrawal until after
allotment, was required on all other subscriptions.
Comffleroial banks

qualified as depoeitariee were

The subsoription books were opened on August 3
and were closed at the close of business on August 5.

The Secretary of the Treasury resei-ved the right
to reject or reduce any subscription and to allot
less than the amount of the new securities applied
for.
Subject to these reservations, subscriptions

were allotted In full.

permitted to make payment for the new certificates
by credit in Treasury tax and loan accounts up to

Exchanges of the certificates. Series D-I95II,

75 percent of the amounts allotted to them for them-

which matured August I5, were made par for par.
Exchanges of the certificates. Series £-195!^,
maturing September 15, were made at par, with an
adjustment of interest. The adjustment consisted
of a credit of the full year's interest at the
2-5/2 percent rate borne by the maturing certificates, a charge of the Interest to accrue from

selves and their customers (up to the amounts for
which they were qualified in excess of existing

deposits

).

Commercial banks and other lenders were requested
to refrain from

making unsecured loans or

lotuis

cates subscribed for, to cover the 10 percent

August 15 to September 15 at the rate borne by the
new securitiee for which holders elected to exchange,

deposits required to be paid when subscriptions were

and payment to them of the difference.

collateralized in »4iole or In part by the certifi-

entered.

A certification by the subscribing bank

that no such loan was made was required on each sub-

The new certificates, designated Series D-1955,

scription entered by it for account of its customers.

are dated and bear interest from August 15, 195'^

A certification that the bank had no beneficial

the rate of 1-1/2 percent per annum, payable at

at

.

A-2

Treasury Bulletin

maturity on August I5, 1955.

The new bonds, designated 2-1/2 percent Treasury bonds of i960, are
dated and bear Interest from August I5, 1954 at
the rate of 2-1/S percent per annum, payable on a
semiannual basis on May 15 and November I5, 1955,
and thereafter on Hay 15 and November I5 in each
year until the principal amount becomes payable.

denominations and also in the denomination of $500,
and in registered as well as coupon form.

Treasury gi-Day Bills Refunded
Five 91-day bill issues matured In July In the
total of $7.5 billion. They were refunded In equivalent weekly amounts of $1.5 billion each.
The average

The new certificates were Issued In bearer
form only, with one Interest coupon attached, in

rates of discount on the new issues were 0.646 percent
for July 1; O.67I percent for July 8; O.701 percent
for July 15; O.73I percent for July 22; and O.SOO

denominations of $1,000, $5,000, flO, 000, $100,000,

percent for July 29.

and $1,000,000.

The bonds were Issued In those

Detalla of Treasury market financing operations are
shown else\Aere in this issue of the "Treasury
Bulletin", In the tables on "Offerings" and "Dis-

position", respectively, of narketable IsBues of bonds,
notes, and certificates of indebtedness, and in the table
"Offerings of Treasury Bills"

4ut/«sf

l')5-t

.

.

Treasury Bulletin
•

BUIGET RECEIPTS AND EXPENDITURES

.

Table !•- Receipts by Principal Sources
(In millions of dollars]

Intamal revenue l/
Incoiae and profita tax«8

riecal year
or month

IzKLlTldual

Corporation

Not
withheld
2/

y

I9U6
15*7
19*8

21,li93

WlthheU

old-age
Inaurance

proflta

9,392
10,013

19,292
19,735

Iteplojraent taxes

Total
Incame

11,1136

Far railroad retlramaat
s/

For un-

Excise
taxes
2/

Total

enplojrmant

Insurance

eraploy-

oent

Estate
and gift
taxes 2/

if
180
185

1,238
1,459
1,616
1,690
2,106

283
380
557
564
550

1,701
2,024
2,381
2,477
2,883

7,725
8,049
8,301
8,348
8,303

40,310
39,379

208
223
226

9,423
9,726
10,870

51,106
65,635
69,931

70,171
70,329
68,198

19't9

19,61.1

9,81t2

18,189

10,073

1951
1952
1953

alt,

218
32,826
32,901

13,535
18,521
21,172

37,753
51,3117
511,073

3,120
3,569
4,086

578
735
6s6

234
259
276

3,931
4,562
4,988

54,363
53,917

4,086
4,537

620
603

277
285

It,

5,1*25

10,048

10,825
929

10,239

955

6,113
769
834

470

763

94
73
87

1953 P

33,012

983

21,ii83

10,761

21,351
21,673

20,264

10,158

20,165

50,5&r

5,469

640

308

6,417

195't -Jnij-J«n..

1>,958

12, 174

22,947

1,0W

3,066

•t,507

Har

5,815
396
7,353

2, Its*

l,l»13

11,221

1,807
598
589

339
77r
50

73
184
6

2,218
859r
645

»rr

61>5

808

358
6,916

lltO

1,108
2,601
1,309

2,561
3,100
9,582

278
759
507

»»l>

t*>j

June p .

.

,

111,853

40,307
39,449

1/

p
1955 (let.)....

195't

Total
Internal
revenue

30,885
29,306
31,171
29,U82
28,263

1950

lev reporting b«el»!

Hot
otherwise
classified
2/

1,357

21
71

304
846
553

5

17
1

l»5

31,749
6,225r
12,820

87

118

804
765

3,725
4,823
10,988

Deductions fron budget recelpta

MlecellaneouB
recelpta
8/

Fiscal year
or month

Total
budget
recelpta

Appropriations to
KlASI
Trust Fund

2/
1946
1947
1948
1949
1950

It35

3,'t92

494
422

It,

3a

635
3,824
2,082

44,238
44,508
46,099
42,774

423

1,1*39

624
551
613

I,8l4
1,912

1953 P
1954 p

613
562

1955 (Set.)
1954-JUI7-JB11

1951
1952
1953

Hev reporting tMlei

feb
Iter

•*»
Maj
June p

Appro pr 1atlona of
recelpta to
Railroad
Retirement
Account

Refunds of receipts

Internal
revenue

Total
refunds
11/

Bet
budget
receipts

w/

1,238

1*1,311

1,616
1,690
2,106

255
256
723
550
550

53,369
67,999
72,455

3,120
3,559
4,086

1,865
2,175

72,649
73,067

590

2,453

332
41
44

1,311*

52
44

11
17
19
17
16

2,973
3,006
2,272
2,838
2,160

738
622

2,957
2,982
2,250
2,817
2,135
2,082
2,275
3,128

15
18
17

2,107
2,302
3,151

4,086
4,537

620
603

3,095
3,345

20

71,241

,469

640

,807

339
77r
50

301*

1

11*9

33,395
6,4a5r
13,013

938

2

179
170
204

3,956
5,037
11,241

278
759

21

902

2

71

507

1*5

608
148

2

1,1*59

39,771
39,786
41,488
37,696
36,495
47,568
61,391
64,596

j/

49

159

598
589

Source:
Actual fi^urea throngh 1953 on the old baeia are frcM the old
Daily Treaaory Stataaant; aotxial figurea on the new reporting baala
are frca the new "Monthly Stateaent of Peoelpta and Kzpendituree of
the united Statea CoTanaent''( eee footnote 7); eatlaatea are baaed
on the 1955 Budget doouMnt, releaaed January 21, 1954.
1/ Tor furthar detail, aee tablea under "Internal Revenue Colleotiona**
2/ Breakdown waa Dot Bade in the Daily Treaaury Stateanant for yaara
prior to 1954.
1/ Beginning January 1951, the distribution of reoeipta between indirldual incoae t&xaa and old-age inauranoe taxea ia Made in aooordance
with proTliions of Seo. 109 (a) (2) of the Social Security Act AaeManta of 1950, for appropriation to the Federal Old-Age anl SurrlTora
Inauranoe Truat fvod (aea footnote 9).

17

13

1

6
11

3,118
3,377

64, &5

2,491

62,642

459
306
940

30,790
5,444

906
616
150

2,751
3,592
10,539

64,550

U,434

Tazaa on asployera and eaployaee under the Federal Inauranoe Contribationa Aot, aa aaanded (26 U.S.C. 1400-1432) and, baglnnlng with the
taxable year 1951, tax on aelf-eaployed inliTlduala under the Self^ploysent Contribatlona Act (26 U.S. 3. 480-482).
2/ TaxeB on oarriera and their ei^loyeee under the Carrlera Taxing Act,
aa eaanded (26 U.S.C. 1500-1503).
6/ Tex on eaployere of 8 or aore under the Federal UkiaiEployaant Tex Act,
aa aaendad (26 U.S.C. I60O-I6U).
2/ Aa announced February 17, 1954 (aee April 1954 "Treaaury Bulletin",
page A-2).
See alao page 1, footnote 6. Figures for July 1953 through
January 1954 will be ahown by aK>ntha in a aubaequent laaua, after
analyala of the aonthly deta on the new baaia haa been ooapleted.
Footnotee 8 through 10 on page 3 and reaaindar on page 4 and 5>

4/

(I

/Aiii/usf

1954
.BUEGET EECEIPTS AND EXPEHDITURES

Table 2.- Expenditures by Major Claseif icatlone i^
(In mlUlOD* of dollan)

Fiscal x»ar
or nontii

Total ii/

latlcoal

IntaniAtlcaial

•ecori^

affairs and

Intarast
on the
public debt

flnazkca

IJt/

Tatarana'
•arrlcaa and
banaflta l^/

15,130

6,562

'•,958

7,259

5,123

U,UU6

'•,'•79

6,878
6,517

5, '•63
8, '•76

3,798

5,211
5,339
5,750
5.613

6,li69

19*9
1950
1951

39,032 ^,
33,069 J|/
39,507
39,617
Mi,058

5,333

9.581
7,652

1952
1953

65,*08
73,985

"•2,867 12/

2,839
2,220

5,859
6,508

"•,952
'',335

8,891
10,835

2,18*
1,532

6,50*
6,371

'•,33''

10,977
9.508

19'>7
19'iB

W

Way raportlBg baale:

i6/
6,026 15/

12,787
12,952
21,663

"•,817

50,087

l/

1953 P

7'i,27'»

50,276

195* P

67,579

"•5.918

'•,2"i9

1955 (Bat.)

65,570

"•4,860

l,06lr

6,800

"•,165

8,687r

195'»-Julj-Jaiiuar7

39,703
I., 707
5,555

27,398
3,568
3,830

1,033
177
50

3,061
372
588

2,l>53

5,758

3''5

2l^6

3"iO

7't7

5,296
5,203
7,115

3,691

350

3,37't

105
120

2lt9

383
352

"•,059

"•7

1,752

376

767
1,109
681

rabruary
March
April
"•T

Jaa p

Sourca:

Saa Table 1.

?ootnot«8 follov Table 5.

Table 3.- Expenditures for National Security
(In Hllllons of dollora)

Sacratary of
Defense JB/

Fiscal jear
or Bontli

Air Faroe,
llltarjr
fCBCtlcos 19 J

Amy,
llltary

ary,
llltary

Mutual

funrtlons 20,

funotlooa

program 21/

19*7
19*8
19*9
1950
1951

15,130
11,**6
12,787
12,952
21,663

1952
1953

*2,867 11/
50,087

*02
*10

12,350 11/
l*,e82

15,36* 12/
16.*93

50,276
*5,9l8

*09
**5

15,085
15.*03

16,2*2
12,730

U,875

Ile»

reporting basis:

1953 P
195* P

5

161
3*3

1,690
3,506
6,238

6,911
5,965
5,3*6
*,03*
6,811

*,998
*,171
*,*12
*,110
5,757

llltary

AtOBlC
energy

Strataglo
critical

^ atari

U

161
279
171
9*8

159
*56
6*7
52*
908

99
299
*39
656

2,292
3,812

1,6*8
1,802

8*7
912

11,277

3,956
3,520

1,791
1,893

919
650

10,*98

*,275

2,*25

585

9,961

U,776

**,860

570

16,209

10,198

195* -Joly -January

27,398
3,568
3,830

273
37
35

8,999
1,272
1,315

8,333
970
922

6,399
877
1,001

1,923
19*
321

1,111
160
181

360
58
55

3,691
3,37*
*,059

37
37

1,223
1,155
1,*39

909
790
808

970
851
1,180

3*3

26

16*
169
109

*6
39
90

«prU
Hsy
June p

3,052
59*

108
8
3
3

1/

1955 (Eat.)

February
Marcb

Other 2i/

ala

Source: See Table 1.
Footnotes 11 and 12 on page "• ax^ remaindar on page 5,
3/ Xnoludaa proossds fna aala of surplus property sad rroa Gorermentovned eacurltles; eelgnlarage; depoalta resulting froa renegotiation
of »or contracta (see "Treasury Bulletin' for February 19*8, page 5);
and railroad unevployiBBnt Insurance contrlbutloos for adalnlatratlTe
expenses through 1953, after vhlch they are carried as trust account
receipts under the Ballroad Betlre^mt Board.
2/ Amounts appropriated to the Federal Oil -Age and
tots Insurance
Trust Fund are equlTalent to the aaounts of taxes collected and
deposited for old-age Insurance (*2 U.3.C. *01 (a)). The Social
Security Act Aanndnents of 1950, approred August 28, 1950 (6I^ Stat. *77),
changed In certain reepeota the basis of tranef erring the appropriated
funds to the trust fund. Beginning January 1951, the aaounts trans-

Sum

331
*07

ferred currently as appropriations to the trust fui^ are based on
estimates of old-age Insurance tax receipts Bade by the Secretary of
the Treasury pursuant to the proTlslons of Sec. 109 (a)(2) of the
AaendMnts of 1950. and are adjusted In later transfer* on the basis
of vags and self-aaployaant Inocsw recorda alntalned In the Social
Sacurlty Adslnistratlon.
10/ Xxcludes the OorerDaent's cODU-lbutlon for creditable llltary eerrlce
under the act of April 8, 19*2 (56 etat. 20*). Tleclnnlixi 1952, saomta
are apivoirlatad to the Ballroad B*tlr«Hat Aoaeunt e^ual to the amount
of taxea uodar the Ballroad Bstlreant Tax Act deposited In the
Treaanry, leas refunds, during each fiscal year (65 Stat. 222 ami
66 Stat. 371), vid tranafers are Mide currently. Prerioualy, annual
approprlatlona vere baaed. In effect, on estlastad tax collections, vlth
any neceasaiT sdjustasnta nade In succeeding appropriations.

)

.

Treasury JiuUetin
BUIXJET EECEIPTS AND EXPENDITURES

Table 4.- Expenditures for International Affairs and Finance
(In

riacal 7««r
or aonUi

Depar^BBDt
of Stat«

19l»7

6,562

19*8
19*9
1950
1951

'','•79

1952
1953

inicna

of dollars

Export -^port
Bank 2U/

XcoBOBlo and
toohnioal aselatonce (Mutual
Security Act) 2^

CoT«nmant

ClTlllan
relief In
Eorea

and relief in
occupied areas

133
229
265
299
277

938

2,839
2,220

2111

2*5

112

1,72't

1953 P

2,l8lt

271

n7

195"'

1,532

lli9

90

1,703
1,210

21/
21/

93
82

1955 (B»t.)

l,06lr

21*

-151

958

22/

1*0

195* -July -January

1,033
177
50

108
12
11

207

668
156

21/
21/
22/

'.9

105
120

It

92
95

'»7

12

5
10
-57

22/
22/
22/

u
12
k

,

16/

6,026 IS/
•,817
3,798

Hew reppTtlag tMle:

February
Marx:h

April
May
JUZM p

Bee

TaMe

-60

1>,0I»3

''5

88

3,523
3,006

25

2,191

W

SI""

'•,977

881
1,333
779
370

2,770
Ii45

170
1.9

152

183
9

72
82

j/

P

Sotvo«:

li65

m

-2

3

88

11
2

yootaotee follow Table 5-

1.

Table 5.- "Other" Expenditures
(In Blllloiu of dollars)

riacal year
or accith

Total

Social
security,
welfare, and
health 28/

Bousing and

comunlty
derelojawnt

A^loxilture anl
agricultural
resourcea 30/

J2Z

natural
resourcea
3i/

Transportation
and
colBunlcatlon

J2l

Finance,

ccnvrce,
and
industry il/

Other
i*/

19*9
1950
1951

5,123
5,*63
8,*76
9,581
7,652

979
1,0*5
1,165
1,526
1,6*0

129
68
-56
-270
*60

1,226
782
2,658
2,8*2
*89

519
822
1,221
1,399
1,376

935
1,121
1,386
i,*8e
1,*92

299
287
399
71*
188

1,036
1,338
1,703
1,888
2,008

1952
1953

8,891
10,835

1,672
1,810

665
*58

1,063
2,900

1,*51
1,533

1,83*
1,820

138

U3

2,069
8,199

10,977
9,508

1,801
1,882

*35
-556

2,961
2,653

1,55*
1,383

1,8*1
1,601

52
10*

2,333
2,**1

19*7
19'»8

B«w reportlne baa la:
1953 P
195* P

2/

1955 (Kat.)

8,687r

1,682

-31*

2,369

1,320

1,178

180

2,272r

195* -July -January

5,75H
2*6
7*7

1,11'*

1,233
-1*3
188

866
96
99

99*
109
165

169

1,*U

1*1
13*

-123
-101
-50

-2

1**
206

767
1,109
881

169
129
13*

-192
-10
-81

*52
689
235

108
95
119

7*

-2*

75
133

50
-95

February
March

AprU
May
June p

Source: See Table 1.
Footnotee 13 aod renalndar on page 5.
Xl/ Interest on refunds le included In Table 5 w^er "other"
12/ de olaaalfloatlona hare been rerised, beginning with the
J^rll 195* Issue of the Bulletin, to taring thea as nearly Into line

6

180
81
386

with the class if icaticos in the 1955 Budget docunent as the detail
orallable In Bonthly Treasury data will permit. The eatljiiates In these
tables are shown on the saae classification basis as the actual expenditures, for purposes of comparison, and therefore will not exactly
agree with figures for the correepooding categories in ths Budget docment.

Auqttst 1954
-BUDGET KECEIPTS AND EXPENDITURES

Footnotes for Tables

13/ Kzpemllturee are "oat", &ft«r allovance for reinburBanenta to
approprlatlona, raoelpto of rerolTlne fund approprlatlooa
azMl recolpta credltod to dleburalng aocounte of corporatiosis
aul a^enolae harlng authorltor to 1109 coUeotlons without
faraed corerlog Into the Treasury. The figures Include
transfers to trust accounts. They exclude net InTestmente
of vfaolly ovned Ooremment corporations and agencies In
public debt securities beginning 19^1 (when these Lnresta»nts vere grouped with those of trust funds and accounts),
and public debt retlreaents chargeable to the slnlclng fund,
Pajnents to the
etc., under special prorlelons of lav.
Treasury, prlnclpellj^ by Aollj ovned GoremBont corporations, for retlreDent of capital stock and disposition of
eaminge are exclt^ed from both receipts and expenditures.
Further infomatlon on these capital transfers aay be found
in the 1953 Annual Report of the Secretary of the Treasury,
P«€« 332.
lU/ Beginning Hareniber 19^9, Interest on the public debt Is reported as an expenditure vhen such Interest becoaes due and
payable, as dletlnguiahed froB the previous practice of
shoving the expenditure on the basis of interest paid by the
Treasurer of the Uiiited States.
1^/ Consists of Veterans' Mninistration expenditures, including
the direct loan program.
16/ Includes transactions relating to the Foreign Eccnonlo Cooperation Trust Fund (see page l)
12/ Ret transactions by the Departments of the Air Force and the
Anay relating to "Deposit fund accounts'* are Included under
"Trust Account and Other Transactions" Instead of "Biidget
Receipts and Expenditures" beginning 19^'
18/ Includes retired pay for the military eerrlces beginning
September 19^9Ig/ Excludes certain expenditures made on behalf of the Department of the Air Force out of approprlatlona to the Departaent
of the Amy.
20/ Includes certain expenditures on behalf of the Departaent of
the Air Force (eee footnote 19).
21/ Consists of expenditures fron funds appropriated to the
President under the Mutual Security Act, approved October 10,
1951 (6U Stat. 373), and the preceding Econoaic Cooperation
Act; and GreelE-Turklah assistance.
22/ Consists of expenditures of the Atonic Energy Ccnmlsslon.
23/ Consists of payaanta under the Anaed Forces Leare Act, expenditures for surplus property disposal, aoi in 19'^7 also
natianal defense expenditures of the Feconstruotlon Finance
Corporation and certalA other agencies
'2k/ EicludeB Bank axpeniitures \jndar the Mutual Security Act and
the preceding Econcaaic Cooperation Act of 19^*6, as amended.
5^/ Consists of expenditures frcan funds appropriated to the

1

through 5

-

(Continued)

President under the Mutual Security Act, and the precadlug Economic
Cooperation Act,
26/ Consists of expenditures under the Bretton Woods Agreements Act
(l9l*7 and 15I^8); expenditures of
0.9'*?!; credit to the tlilted Elngdcn
the Ibited Rations Belief and Behabilitation Admioistratlon; relief
to countries deTastated by var; Tarlous other foreign relief programs; international children's energency funds; and loan for construction and famishing of Oil ted Rations Beadquarters
27/ Expenditures by the Departaent of State are Included under "Departaent of State" in this table; expendlttnres by the Departaent of the
Aroy ere no longer shown separately In monthly reports to the Treasury.
28/ Consists of expenditures of the Department of Health, Education, ami
Welfare except the Office of Education, and of the corresponding component organizations prior to the establlehment of this department on
April 11, 1953; the Goveranent's contribution under the Railroad Retirement Act for creditable military eerrlce and certain other Railroad Retirement Board expenditures through 1953; and also, beginning
1950, the school lunch prc^xam under the Department of Agriculture.
2g/ Consists of expenditures of the Bousing and Borne Finance Agency, and
of conponent organitatlons prior to the establishment of this agency
en July 27, 19^1i Federal ClTil Defense Admlaistratlon; and disaster
relief
30/ Consists of expenditures of t^ Departawnt of Agriculture except the
Forest Serrice and the school lunch program; and of the Fam Credit
Administration.
^il/ Consists of expenditures of the Department of the Interior; the
Tennessee Talley Authority; the Corps of Engineers In the Departaent
of the Army (river and harbor vorke and flood control); and the
Forest Serrice in the Departaent of Agriculture.
32/ Consists of expenditxorea of the ClTil Aeronautics Administration,
ClTll Aeronautics Board, Harltime activities and predecessor agencies,
and Bureau of Public Roads, all nov in the Department of C<xamsrce;
the Coast Guard In the Treasury Department; and the Postal Service
Fund (advances to cover the postal deficit) In the Post Office Depart-

^/

U/

•
p

r
i.a.

ment.
Consists of expenditures of the Departaent of Conmerce except those
inoluded under "Trsnsportation and ccmmuni cation"; the Reconstruction
Finance Corporation; the j^ftll Business Adminisl^ration; the Econaniic
Stabilization Agency; and funds appropriated to the President for
the pronotion of defense production.
Includes expenditures for executive departments and other agencies not
Included elsovhere and for legislative and Judicial functlono. The
National Advisory Coannittee for Aeronautics, fomierly Included in
Table 3, is nov IncliMied hare Instead of under "Transportation and
ccanauncatlon" in Table 5 because expenditures are no longer shovn
separately in manthly reports to tiie Treasury.

Less than $500,000.
Preliminary.
Revised.
Rot available.

.

)

.

Trcasurif Bulletin

-THUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- SunHnary of Truet Account and Other TranBactions
(In mllllone of dollars)

Truat accounts, etc.

Hot of
trust account
and other
tranaactlona 1/

Fiecal year
or iKJnth

19I16

-521l

Wit?
WltS

-1,103

19''9

-1*95

1950

99

1951
1952

679
lU?

Net recelpte, or
expenditures (-)

7,712

U,l*7ii

6,21*1.

3,625
3,857

6,515 2/

Net inTestnents of
GoTermuent agencies in
public debt securities

Net redemptions, or sales (-),
of securities of Government
agencies in the market

Guaranteed

2/

5,711*

3,821*

6,950

-1.02

3,852
3,855
3,763

7,796
8,307
8,932

3,91*5
1*,952

5,169

3,557
3,636
3,301

438
389

3,763
2,1*36

8,932
9,152

5,169
6,716

-3l»2

2,683

10,323

7,639

181
993

3,721

821*

1*79

Not guaranteed
-66
-28
-123
28

160
387
16

3,668
3,362
3,060
2,311

6,669

19J3

Rev reportliig baa la:

Receipts

3,238
2,619
2,658
1,890
-281

-2914

Expenditures
(other than net
InTestmsnts

1*6

11*

-10
-16

-371.

-7

32

3,301

-7

2,01*1.

-29

32
33

3,15't

6

-136

-23

1.11

785
56

601

-30
1*3

-1*

391
798

-1
-1

88

^

1953 P
^9^ p

1955 (Ht.)

,

19^-Jul;-Jantuu7
relmiarT
Ntroh

I*,

1*60

Hio

582
222

193

April

394

-331
662

1,230

810
568

7U

8i>o

1,1*1.5

601.

-it27

M^
June p

Source: Actu&l figures through 1953 on the old basis are froa the old Dally
Treaaury Statensnt; actual figures on the new reportljig baaia are from
tile nev "Monthly StAtaoant of Beoeipta and E^xpendituree of the United
Stataa GoremBent" (see footnote 3); eatlAatas are baaed on the 1955
Budget docuaant, releaaed January 21, I95I*.
1/ Ezcoea of receipts, or expenditures (-).
2/ Excludes Foreign Ecociomlc Cooperation Truat Fund (see page 1).

X/

*
p

-U8

ue
60
57
-122
-31

Aa announced February 17, 1951* (aee April 1951* "Treasury Builetln",

page A-2). See also page 1, footnote 6. Figures for July 1953
through January 195I* vill be ehovn by months in a aubsequent issue,
after analysis of the monthly data on the nav basis has been
ccopleted
LesB than $500,000.
Preliminary.

Table 2.- Trust Account Receipts
(In mlllioas of dollars)

Federal Old -Age
and Survivors
Insurance Trust
Fund

Fiscal year
or month

191*6

Railroad
Retirement
Account

Government
employees *
retirement
funds 1/

Other trust
funds and
accounts
2/

690
1,076

1,591*

68U
786
637

86
87
79

850
912
961

545
597
401

737

1,591*
1,1*91

637
619

'9
78

961
683

401
464

6,081

755

1,690

61*8

81

692

376

266

678
850

1,51*2

7l'5

'*,5l6

71*5

5,080

10,323
l*,l8l

5,711*

1,921.

797
625

1950

6,669

2,367

61*5

1951
1952
1953

7,796
8,807
8,932

3,l*U
3,932
•,516

8,932
9,152

19^-Jul;-Januar7,

Life
Insurance
Fund

614
578
594
680
809

191*9

1955 (fct.)

Govemnent

90
92
87

2,351

312
323

7,712
6,2W*
6,515 i/

1953 P
195* p

Trust Fund

national Service
Life Insurance
Fund

1,280
1,289
1,313
1,173
1,281

1,386
1,623
1,807

191*7
I9I.8

Hev reporting baala:

nnemployiaent

1,61*3

1,501*
71*0

103
134

1,666
792
1,174 i/
529
403

j*/

81*5

81*

175

39

22
2

Itonh

821*

609

53

20

1*4

4

286
45
36

327

993

,068
621

367

F«touu7
April
May

1*79

300
778
705

6
90
136

60
271
121

1*2

3

25

43

3

35

45

255

19
-11

Juu

p

.

.

1,230
1,W»5

Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retlrei^nt funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, island poseeseioos, increment resulting froB
reduction in the weight of the gold dollar, and through Juns 1950
seigniorage on silver under the Silver Purchase Act of 1934. Thereafter any such sei^iiorage is included under budget receipts. Beginning with tile fiscal year 1954, the Railroad Uaeoploymant Insurance

36
193

Admlmsta'atlon Fund ia classified as a trust acooint, instead of
being handled throx^ budget accounts as formerly (see "Budget
Receipts snd Rxpendituree" , Table 1, footnote 8).
Excludes Foreign Econcinlc Cooperation Trust Fund (see page 1),
See Table 1, footnote 3.
Preliminary.

28
58

•

Aiu/iisf i95-f

-TRUST ACCOUNT AND OTHER TRANSACTIONS-

Table 3.- Trust Account Expenditures Other Than Net Investments
(In millions of dollars; nagatlTo figures are excese of credlta)

Fiscal year
or month

Federal Old -Age
and SujTlTors

Ballroad

IziBurance

Account

Truet Fund

869
859

280
282
302

1,311*

31*8

30lt

2,026

,988
2,9

,569
,067
,750

321
391

900

611*

1,01*9

1.65

1,010

1,11*6

559
661

1*66

19>t7.
19l»8.

3,625
3,857

19^9.
1950.

3,8el»

6,950

78l»

1951.
1952.
1953.

3,91*5
l.,952

•V

5,169

rsportlng baalst

U/

Trxiflt

152
173
222
278

GoTemiBent
Life
Insurance
Fund

National
Serrlce Life
Insurance
Fund

Uaamploynent

Fund

358

191*6.

Bstlreiaent

GoTemment
employee B
retirement
funds 1/

50

67
70
61
ni*

Other
trust funds
and accounts

Deposit

a/i/

(not) i/

fund
accounta

267

1,571*

61*7

372
367

323

1,073

2l*i*

1,231*

222
268

526
370

271
300

387

996
588

77
82
82

1.13

-31*6^

363

l*Ul

-529

as

363

1*41
1*93

-529
-610

it/

1*11*

96
-191*

6/
5,169
6,716

2,750

1*65

1,010

195it p.

3,W5

502

1,71*5

588
622

11*7

1955 (K8t.).

7,639

1,217

523

1,255

652

89

1*1*8

1*70

-II*

1954 -July •J«iin*r7
FabroAiT
March

3,721
Ull
601

1,918
280
299

283

688
192

109
6
8

305
31

-21*7

21*5

337
65
60

21*0

52
111

1*7

-131*

58
53

35

1*2

221
192

31*

33
37

112
-98

Jona p.

6olt

301
301
305

1*2

Itaj....

Bio
56a

<t2

208

1.9

35

1*1

1953 p.

April..

Source: See Table 1,
Consists of ClTll Service and Foreign Senrlce retirement funds.
i^ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, expenditures chargeable against increment on
gold, and beginning 1950, Mutxial Defense Assistance Trust Fund.
Beginning vlth the fiscal j^ar 195**, includes also the Railroad

^

33
35

-158

Une«q)lojment Insurance Administration Fu»i (see Table 2, footnote 2).
Eicli^ee net Inrestnenta In public debt eecurltles beginning 1951 (see
Table U footnotes 2 and 3 )
ExcliKiee Foreign Economic Cooperation Trust Fund (see page 1).
Includes transactions by the Air Force and the Army beginning 1952,
Preliminary.
See Table 1, footnote 3.
p
,

k/

^
6/

Table 4,- Net Investments of Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of reden^itlona

Trust accounts, etc.
Fiscal year
or month

Total trust
account t, etc.

Federal Old -Age
and Survivors
Insurance Trust
Fund

Railroad
Retirement
Account

Unemployment
Trust Fund

Rational
Service

Ufe
Insurance
Fund

Gcrermnent
Life
Insurance
Fund

3,668
3,362
3,060
2,311

1,002

156

102

2,053

1*7

1,191*
1,191*
1,291*

11*8

1*1*3

1,231*

569

1*1*6

1*61

191*9.

3,668
3,362
3,060
2,311

31*6

-160

353

60
32
32
-26

191*6.
191*7.
191*8.

1950.

-1*02

-1*02

1,1*11*

338

-721*

-1,91*6

1951.
1952.
1953.

3,557
3,636
3,301

3,369
3,355
3,068

1,678
1,950

357

91*

1.1*9

l,5l'5

280

650
583
590

I,v raportlng bajle:

k/

Government
employees
retirement
funds 1/
309
282
363
51*3

9

-21*5

621*

-6

59

-2

588

9

-2

3,301

3,068
1,691

1,51*5

1,582

280
202

-21*8

59
23

-65

588
252

1955 («».).

3,151*

2,980

2,170

231

351

-5

-8

239

195l*-Julj-J«nu«T7

785

1*80

F«bnuuir
Maroh

56
-30

328
39
165

60
32

-69

kfTll..

1*3

1*2

21*6

-31*

391
798

330
881

229

1*8

Jtmo p.

516

66

Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funis.
2/ Consists of Adjusted Service Certificate Fund prior to 1951; beginning
vlth that year, Includes also investments of other accounta lAlch for
prior years are Included in Table 3 uwler "Other trust funds and
accounts" and "Deposit fm^ accounta (net)".

^
kj
*

«
-6

573

2,01*1*

12

-2

8
1

1951* p.

27

158
-20
-225

-ko
-eo
-ao

-160
79
-80

-eo
-20
]i*3

-6e

33

Government
corporations
and agencies
i/

1*1*7

1953 p.

590

Other trust
funds and
accounts 2/

187
281
232

232
353
171*

305

2

-9
-1

-2

5

39

-2
-1

16

1*5

210

-1
-7

28
2
62
-83

Consists of net Inrestiaents of Govemaent corporations which for prior
years are Included in Table 3 under "DepoBlt fund accounts (net)"jand
net Inrestments of wholly owned Government corporations and agencies,
which for prior years are included in budget expenditures.
See Table 1, footziote 3.
Less than $500,000.
p Preliminary.

.

Ireasury nulleii
.TRUST ACCOUNT AMD OTHER TRAMSACTIONS

Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In millions of dollars)

^^

Auyust 1954
.TRUST ACCOUNT AND OTHER TRANSACTIONS-

Table 7.- Unemployment Trust Fund
(In mllHoiis of dollars)

Expenditures other than Inreslznanta

Rocelpta
State
accounts

Fiscal
year

Depoelta
by
States

9,688.6
1,279.8

19W
igu?....
I9U8. .
.

I9I19....

1950. .
1951. .
1952....
1953....
.

.

981).o

1,098.8
1,362.6

1,281.0
l,5'tl.6
1,61*3-3

1,1*39.0

1,371.1

1,593.8

1,593.8
1, U91.lt

1955 (EetJ
1954 -JulyJan.
Feb..
Mar..
Apr.
Mar..
June p

1936 to
date p.

1,009.9
1,005.3
1,007.3

1,312.9
1,173.2

Hev reporting baale:
1953 P.-.195lt p....

8,5110.3

1, 289.lt

22,295.1

6/

State accounts

Ballroad Unen^loyment
lorurance Account l/
Ccntrlbutlana

2/

Transfere
fi*ani

States

Transfers
from
Administration
Fund U/

Transfers
to Kalidravale road Unemployment
by
States Insurance
Account
Witii-

Inreotments

^

Railroad

Net
Increase

Unemploy'
ment In-

or

decrease
surance
C-),
Account 1/ In
a£Bets
Benefit
payments

Aaeets, end of period

Inveetmente

Unexpended
balance

.

.

Treasury Bulletin

10
.TBUST ACCOUNT AMD OTHER TRAMSACTIONS

Table 9.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of June 30, 1954
(In mlllloiis of dollars)

Federal Old -Age
and SurvlTore
Inaurance
Truat Fund

Publlo laauee:
Treasury bonds:
2-lM - 1959-68 (datwl 6/lA5)
2-lA - 1959-62 (dated II/15A5)...
2-3A - 1961

2-1/2
2-1/2
2-1/2

-1962-67
-

1963-68
1964-69 (dated "i/lsAS)

-

2-1/2
2-1/2
2-1/2

-

I96I1-69 (dated 9/15 A3)

-

1965-70
1966-71

2-1/2
2-1/2
2-1/2

2-3A
3-iA

-

-

li.O

15.0
58.7
116.5
18.5

51.0
56.0
29.0

75.3

7.0

308.1

1967-72 (dated 6/1A5)
1967-72 (dated IO/20A1)...
- 1967-72 (dated 11/15/45)

.1

-

117.6

Inreetaent Sorlea B-l975-fiO
1978-83

1,081.9

.

Total public issues

Unamploynient

Troat Fund

.9

3.3

-

-

Ballroad
Fetlrement
Acconct

.

7.0

.3

71*5.0

1.5.1

50.0

2,282.7

964.0

17,05't.'*

8,024.0

Special Issuesl

Certificates:
2-1/411 - Series 1955

lotea t
3*

-

Series 1955 to 1959

Total special Issues
Bet unaBortlzed prealuB and discount

Total InreatiBents

Source:

Bureau of Accounts.

3,3»5.3
17, OS"*.*

3,3'«5.3

8,024.0

3,3'»5.3

8,989.0

2.8
19,339.9

11

Auyust 19^4
.TKEASUEY CASH INCOME AND OUTGO.

follow the method used previously for deriving cash Income
and outgo from the transactions carried In the old Dally

The cash Income and outgo of the Treasury shovm In
the

jiable 1 oonelBt of cash deposits and withdrawals

In

[account of the Treasurer of the United States.

This Is

Statement.

line with the new reporting basis of the "Dally
gtatement of the United States Treasury". Effective
t'ebruary 17, 195'*i the Dally Treasury Statement shows
deposits and withdrawals In the account of the Treasurer
Budget results and trust account
«5f the United States.
land other transactions are now reported once each month

setup,

iln

penditures Instead of deriving separately the cash bud^'et

and trust account transactions.

Reporting bases for the two statements differ In two
Certain corporation and agenoy transactions In

respects.

the "Monthly Statement of Receipts and Expenditures of

:in

securities which are not effected through the account of
the Treasurer of the United States are Included In

the United States (}ovemment" (seepage A-2 In the April 195't

Issue of the "Treasury Bulletin").

the Monthly Statement but excluded from the Dally Statement.

These are eliminated from the Monthly Statement figures
In arriving at the cash transactions shown In the tables

Figures for previous fiscal years heretofore published

which follow.

Other differences arise because of the
differences In timing of the cash receipt and expenditure
reports, as between checks Issued and checks paid for

have been revised to the basis of deposits and withdrawals
by eliminating corporation and agency transactions Included
In the old Dally Statement but not cleared through the

Treasurer's account.

Some rearrangement has been made In the table

principally to combine all receipts and all ex-

expenditures or between collections and clearances for
Thus an Individual transaction near the end of
a month may be Included during that month In one state-

The cash borrowing or repayment of

receipts.

borrowing as now shown Is likewise based only on transactions cleared through the Treasurer's account.

ment but not until the following month In the other.

In Tables

2,

3,

These
differences tend to correct themselves over a period of
time, but for a given reporting date It Is necessary to

and h Is given the reconciliation of

the cash transactions with the budget and

other

trans-

Include an adjustment figure to cover them.

actions which formerly appeared In the old Dally Statement
and now appear In the new Monthly Statement.

These tables

Table 1.- Suninary of Cash Transactions
(In mlUlona of dollars)

Cash transactloos other thsn V^rrovlng

Fiscal year
or moath

Cash
deposits

Cash
withdrawals

•3,087

6,665
8,956
1,160
-2,117

1»5,726

7,711'

36,924
L9li8.

It5,399

36,^3

I.9lt9-

111,

628
Uo,970
53, '39

l»0,l>68

1.950.

1951.

Excess of
deposits, or
withdrawals

Het cash borrowing,
or repajnent of
borrowing (-)
(

-19,395
-7,333
-2,621

1*3

-695

68

-2,299
2,096

56
73

307
-•,957

71,326
71,781

76,388
71,933

-5,062
-152

2,763
-161*

2,659

2,21*8

70,895

70,731

-January
February
March

33,810
6,529
12,260

"1,989
5,300
6,232

-8,179
1,228

7,553
-28U

-626

6,028

-i*,662

1,366

April..
May
June p.

3,036
It, 882
11,265

5,303

6,228
6,881

-2,267
-1,3*7

699
2,046

i»,38li

-3,101*

-1,567
700
1,280

Actunl figures in Tables 1 throt^ 1* are based on the old Dally
Treasury Statement through 1953, and thereafter on the new "Dally
Statement of the Ublted States Treasury" and the new "Monthly StAtenant of Receipts and Expenditures of the Ublted States Governaent";
estlmatee are based on the 1955 Budget document released January 21,

Source:

2/

^

1951*.

1/

56

i/

16I.

1951* -July

1*6

-388
-2,299

67,786
76,301

1955 (Eet.)

60
37
25

71,3^

p

1,621*
-1,1*62

1,839

68,093

195''

-10,930 2/

Heaorandum: Ret
receipts from
exercise of nonetary
authority l/

2,01*7

1953.

1953 P

decrease ( - )
In Treasurer*^
cash balance

'•,163
-5,871*

1.952.

lew reporting basis:

SMreaa«, or

Consists of seigniorage on sllTer and Increment resulting from reduction in weight of the gold dollar. This item is part of the cash
budget receipts shown In these tables, but is excluded from the

p

1*9

91*1*

31*

10
16
9
1*

1

Budget documoit figures for "Becalpts frcm the public".
In addition to this decrease in the balance in the Treasurer's account,
the Exchange Stabilization Fund was drawn down by $1,800 million for
subscription to the capital of the Xntamational Monetary Fund,
For explanation, see headnote. Figures for July 1953 through
January 195I* will be shown by months In a subsequent issue, after
analysis of the monthly data on the new basis has been completed.
Preliminary

Treasury

12

BuUeth

.TKEASUEY CASH IHCOME AND OUTGO.

Table 2.- Derivation of Cash Deposits
(la Hllllong of dollara)

Bodsat (net) 1/

Truat aoooait
6,2IA
6,515

Icooaah Itana dedootsd
froa bud^t receipts - exceaa
profits tax refund bonda 2/
?lua:

Becalpta

riaoal yaar
cr BODtll

Total

19*7

39,786

19"^8

1.1,1*88

19*9
1950
1951

"no

-4

36,'^95
1.7,568

6,669
7,796

"•3,164

-1
-1

1952
1953

61,391
6U,596

8,807
8,932

70,198
73,528

1953 P
195* P

64,825
64,550

8,932
9,152

73,757
73,702

1955 (Eat.)

62,61i2

10,323

72,965

195'^ -July -January

30,790
5,1A4

'•,181

3'^,971

993
Sek

6,437
12,258

37,696

Haw reporting baala:

February
March
April
May
June p

'•6,030
"•8,003
"•3,

55,364

^

ll,l»3lt

2,751
3,592
10,539

'•79

3,229

1,230

'•,823

1,1^.5

11,983

-39
-10

13

Auyust 1954
.TREASURY CASH INCOME AUD OUTGO.

Table 3.

-

Derivation of Cash Withdrawals
(In mllllone of dollara)

Soncaah and other expenditures reflected
Leee:
In debt tranaactlona

Expaodltures
Leee:

Fiscal year
or monyi

Budget

i/

191'7.

19V8.
191*9.

1950.
1951.
1952.
1953.

Hew reporting baals:

Trust
account
and other
transactions
2/

*7,lt05

2,1*02

1*69

559
580

3,36a
3,060
2,311

571*

-1*05

zatlon
Fund i/

7,31*7

1,026

6,810
6,209
6,570
7,117

563

1*0,1*1*1

2,591*

98

1*5,811*

-207

1*5,980

-13

51,162

1,778
2,191
1,923

638

65,1*08

8,660

9

7lt,076

73,985

8,1*95

-28

82,1*52

2,10U
2,183

779
719

-28
-109

82,71*1

2,203
2,111

719

76,233
76,231*

-50

Net Investanents In
public debt securities
By trust
funds and
accounta

&oven^Dent
agencies

^

Net redemptions
of obligations
of GoTemment
agencies In the
market
359
-107

3,369

177
-69
319
97
186

3,355
3,068

281
232

72
25

3,068
1,691

232
353

25

521*

2,070

1(00

2,980

171*

-130

w.,088
5,291

930
91

305

27

28

-71
117

61*

356
17
10

1*80

6,11*7

-69

39

60

6,215
6,007

68

20

1*2

1*5

8,1*86

913

u*
76

330
881

2
62
-83

53
-123
-32

71*

22
-381.

6/
7l*,27l*

8,1*95

67,579

8.763

1955 (Est.)...

65,570

10,661*

1951* -July -Jan.

39,703

l*,l*35

l*,707

581*

Mar

5,551*

631

-39

^r....

5,296
5,203
7,115

906
837
1,371

13
-33

May....
June p.

Interest on
eaTlngs
bonds and
Treaaury
bills hj

StabUl-

39,032
33,069
39,507
39,617
1*1*, 058

1953 P
1951* P

Feb.

Inter fund
tranaactlona
(Tatle 2)

Exchange

1*

Treasury Bulletin

lU

.TREASURY CASH IMCOME AMD OUTOO.

Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing
(In mllllona of Aollara; negative flguree Indicate net repaynent of borrovli^)

7lBcal year

Auqust

195-i

15

DI3T OUTSTAHDIHG AND TOEASURER'S ACCOUHT

Table 1.- Summary of Federal Securities
(In allllone of dollare)

Total outGtaiidliig
fiscal
year or

Total 1/

jnonth

1950.

269,898
258,376
252,366
252,798
257,377

1951.
1952.
1953.

255,251
259,151
266,123

1951*.

191*6.
191*7.
191*8.
I9I19.

Public
debt

Intereet-bearlne debt

Guaranteed
Becurltlea 2/

269,1*22

I176

258,286
252,292
252,770
257,357

90
73

27
20
29

271,31*1

255,222
259,105
266,071
271,260

1*6

52
81

Matured debt and debt bearing no interest

Guaranteed
aecurlties 2/ a/

Public
debt

Guaranteed

Public debt

Monetary
Fund

y

268,578
255,197
250,132
250,785
255,226

268,111
255,113
250,063
250,762
255,209

1*67

69
2U
17

2,012
2,150

252,879
256,907
263,997
268,990

252,852
256,863

27

2,372

2,370

512

1*1*

2,210*

2,21*2

1*19

1,271*

263,9116

2,126
2,351

2,125
2,350

298

1,302

268,910

51
80

1*37

1,1*11

83

1,321
3,179
2,2311

1,311
3,173
2,229
2,009

376
231
280

2,11*8

265

21*5

l,72li

1,161
1,063
1,270
1,283

Other

securities 2/
(matured)

935
1,218
788
701

10
6

613

2

575
550
525
502

2
1
1

Debt peat:
Feb. 191*6

279,761*

279,211*

551

278,1*51

277,912

539

1,313

1,301

238

1952 -Dec ember

267,1*115

267,391

51*

265,31*6

265,293

53

2,100

2,098

301*

1,258

536

1953-Julj
August
September

272,732
273,269
273,001

272,669
273,206
272,937

63
63

270,665
271,207
270,806

270,603

62
62
63

2,067
2,0€S
2,195

2,066
2, 061
2,193

21*3

252
398

1,302
1,291
1,280

521
518
516

October.
November
December.

273,1152

273,386
275,209
275,168

66

271,291
273,128
272,881

2,097
2,082
2,288

2,095
2,081
2,287

301
287

1,280
1,280

515

76

271,356
273,201
272,956

65

275,2ltli

1*36

1,31*0

5U

2711,921*

271*, 81*9

75
77
77

2,218

351*

76
76

2,21*7

2,21*6

385

270,235

272,632
272,536
267,823

7I1

859
270,312

272,706
272,612
267,899

2,1*13

2,1*12

515

1,352
1,352
1,391

510
509
506

268,855
271,280

2,193
2,196

2,192
2,195
2,350

303
280

1,378

505

1,1*11

50I1

1*37

1,1*11

502

1951* -January.

275,282

61*

7I1

February.
March ....

271*,

April.
May...

271,127
273,555

271,01*7

80

268,9311

273,1*75

June.

271,3111

271,260

80
81

271,359
268,990

271*, 782

271,11*5
270,71*1*

268,910

Source: Dally Treasury Statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see pege 1.
Excliidee guaranteed aecurltiee held by the Treasury.
For current month detail, see "Treasury Survey of Ownership".
Special notea of the Uoited States Issued to the International
Mcnetaxy Fund In payment of part of the United States subscription.

i

73

75

79
79
80

2,351

2,216

511*

Bretton Wcods Agreementa Act, The
notes bear no Interest, are noanegotlable, and are payable cm demand.
Similar notes Issued to the International. Bank and outatandlog
19^7-19**9 are Included under "Other",
Incluifea savlnge stamps, excess profits tax refund bonda, currency
Items, and notes laeued to the International Bank (see footnote k)
For current month detail, see "Statutory JDebt Limitation", Table 2,
pursiutnt to pfrorialoiiB of

S/

1,063

Table 2.- Interest-Bearing Public Debt
(In millions of dollars)

^Jie

5
3

1

Trcasurij Bulletin

i6

VEBV OUrarAHDINCr AND TREASUroa^'S ACCOUNT

Table 3.- Special leeuee to United States Government Investment Accounts
(In millions of dollars)

End of fiscal
year or month

17

Auyust I9i4
DEETT

OOTSTAKDIKG AND TREASURER'S ACCOUHT

Table 5.- Treasury Holdings of Securities Issued by Government

Corporations and Other Agencies
(

End of

In mllllowa of dollars

i/

Trcasurij Bullet It:

18

STATUTORY DEBT LIMITATION
aggregate $275 billion outstanding at any
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included in the statutory debt limitation

Jl U.3.C.
The Second Liberty Bond Act, as amended,
provldee that the face amount of obligations Issued
(

757 b),

and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by

one

time.

subject to

the owner,
at current

redemption values.

the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the

Table 1.- Statue under Limitation, June 30, 1954
(In HlUlcns of dollsrs)
MATiTmim asuunt of securltlae whloh aay bo outatandlng at aoy oas tiae, under limitatlcQ l:^oe«d
of June 26, 191*6 (31 U.S.O. 757 b)

^

tho aot

275,000

AzDount of seourltlee outateodlng subjeot to such statutory debt Hjnltatlon'.

70,709
Bl

U. S. OoTernment eecurltlea Issued under the Secoul Liberty Bond Act, as amsoded

Guaranteed securities (excluding those held by the Treasury)

270,790

Xotal amount of seeurltieB outstanding subject to statutory debt lijnitation
Balance issuable under limitation

Source:

•

,

Bureau of the Public Debt.

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities

Outstanding June 30, 1954
(In

mioDfl

of doUsTB}

Class of security

Source : Bureau of tke Psbllo Debt.
Issue* iihlota oo^Mrolsa banks mj sot actulr* iiriar to spsoifisd
AatM (with siaar uoeptioas ) . See 'Debt Oat«t«ndii« and

1/

2/

Treaanrar's Acootnt*, Tabls 2, footnote 1.
Iieludaa gnarantead soorltiM kaU by the Treasury.

*,2iO

.uyust

1954

19

.DEBT OFERATIOHS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding June 30, 1954

i/

(In BlllloBS of lollan)
JlBoimt of

T«ax

ad

Description of

seotorltor

2/

rind
Batu-

K>nth

rlV
lasuaa

atnrltlea

Callable lasoaa
olaaalflad 1>j
J99T of

rinal
aatnrlty

rirst
call

Aug..

7,506

Bills
2-5/8)1 Certificate -

8/l5/5lt-D

Sept.. BlllB

Deo..

6,007
2,788
6,002

2-5/8> Certificate

-

Bond l[/
2»
Bond 5/
2»
1-7/8* lots

-

-

9/15/5*-!

'•,72*

12/15/51-55
12/15/52-5*
IZ/w/Slt-B

8,662
8,175

Total

.

Daecrlptlon of aeourltj 2/

Maor... 1-1/8)1

Dec

.

.

2*

Cortlf loate
Bond

1-3A* Bote

rizsd
natn*
rltj

2-3/8)1 Bond 2-7/8)1 Bote -

2,997
531

1-1/2* Bote

-

kIWil-t*-

Oct

1-1/2* Bote

-

\i:il\ly\-ta

riTst

oaU

Final

sturlty

927

3/15/57-59
3/15/57-A

^>r...

82*
'1,352

927

510

1958
Mar..

2-1/2* Bond

-

3/15/56-58

Apr..

1-1/2* Bote

-

I./1/58-BA

383

Jmia.

2-3/8* Bond 2-3/ll* Bond -

, 6/15/58
6/15/58-63

"•,2*5

Oct..

1-1/2* Bote

-

10/1/58-K)

121

Dec.

2-1/2* Bond

-

12/15/58

2,368

2/15/55-A

7,007

3/15/55-A
3/15/55-60

5,365

5/17/55-B

3,886

12/15/51-55
12/15/55-B

6,85*

reb..

1-7/8* Bote

-

2/15/59-A

23,112

Mar..

2-3/8* Bond

-

3/15/57-59

Apr..

1-1/2* Bote

-

I1/1/59-EA

2-1 A* Bond

-

6/15/59-62

2-3A* Bond
2-lA* Bond

-

9/15/56-59
9/15/56-59

2-l/l>* Bond -

12/15/59-62

1,**9

919

7,U7

919

1,**9

2,611

510

2,611

510

1959

Sept.

Total

5,102
92r

50

5,277
982
3,822

3,*65
5,153

8,7*2

5,730

1956

Mar..

2-l/2f Bond

3/15/56-58

Apr..

1-1/2* Bote

U/1/56-KA

Sept.

2-3/ll)l

Bond
Bond

9/15/56-59
9/15/56-59

l-l/2)t Bote

lo/l/56-EO

2-l/li)(

Oct..

Total
Footeotee at end of table.

1,**9
1,007
982
3,822

i960

550

1,557

6,252

2-7/8* Bond

3/15/55-60

2-3/I1* Bond

12/15/60-65

Total
(Continued on folloving page)

Date
bank restricted
iaeues
beocoss

Iseusa

Total
1-1/2)1 lote
2-7/8)1 Bond

Callable Issnaa
olasalfled by
jaar of i

510

".3,865

l-5/8)t Certificate

Tear
and

Total

1955

reb.

Aaount of naturltlea

1957
Har.

195*
Joljr.. BlllB

Date
bank restriated
Issuss
beocae
bask
ell«lble

2,611
1,*85
1,*85

2,611

bank
eligible
i/

.

.

Treasury BuUeti

20
.DEBT OPERATIONS.

Table

1. -Maturity

Schedule of IntereBt-Bearlng Public Marketable Securities
Issued by the United States Government

and Outstanding June 30, 1954 i/- (Continued)
(In nllllotu of dollars)

taoont of Baturltlee

TMr
Oeacrlptlon of security 2/

and
Bonth

rizoi
BBtUrlty
laaua*

Callable Isaoes
claaalfled I17
year of:

First
call

Final

aturlty

Date
bank restricted
lasues
beoona
bank
eligible
a/

1961

FanaK Canal bond

Juie.

3^

Sept.

2 -3 An Bond -

-

6/1/6I

50

9/15/61

2,239

Aaoimt of aBturltles

Tear
ai^

1967
June.

Sept.

or..

2-1/2* Bond

-

11/15/61

aturlty
Issues

Final
Maturity

2-1/2* Bond
2-1/2* Bond

-

6/15/62-67.
6/15/67-72.

1,888

2-1/2* Bond

-

9/15/67-72.

2,716

2-1/2* Bond

-

12/15/67-72-

3,823

Date
bank

re-

strlctec
Iseues

beocae
bank
ellelbl)
i/

2,116
6/l5/6e

11,1T7
Dee..

Total

Description of security 2/

onth

Fixed

Callable lasxies
classified by
year of:

12/15/62

13,lt66

8,U27

Total

2,116

1962
June.

2-l/lt* Bond a-l/ail Bond -

6/15/59-62
6/15/62-67

5,277

1968

2,116

Dec..
2-l/lt)t

Bond

-

2,U6

Total

2-1/2* Bond

-

2-1/2* Bond

-

6/15/64-69.

3,754

2-1/2* Bond

-

I2/I5/6I1-69.

3,831

2,826

12/15/63-68.

3,1^

12/15/59-62

8,7U2

1969
June.
1963

Jime.

2-3A* Bond

-

6/15/58-63

2-1/2* Bond

-

12/l5/6i-68

Total

919

Total

2,826
2,826

7,585

919
1970
Mar.

2-1/fe* Bond -

3/15/65-70.

4,719

MW.

2-1/2* Bond

-

3/15/66-71.

2,961

12/1/54

1972
June.

2-1/2* BoBd

-

6/15/67-72.

1,888

6/15/62

Sept.

2-1/2* Bond

-

9/15/67-72.

2,716

Dec..

2-1/2* Bond

-

02/15/67-72.

3,823

196^

1971
June.

2-1/2* Bond

-

6/l5/6It-69

3,75"'

2-1/2* Bond

-

12/15/611-69

3,831

Total

7,585

1965

Mar..

2-1/2* Bond

-

3/15/65-70

"•,719

•,719

1,1^

1978
June.

1966
Mar....

12/15/62

8,427

I.W5

2-3/'t* Bond - 12/15/60-65

Total

Total

3-l/'t* Bond -

6/15/78-83.

3-1 A* Bond

6/15/78-83.

1,606

1983

2-1/2* Bond

-

3/15/66-71

2,961

Source: Dally Treasia? Statenent and Biffeau of the Pnbllo Debt.
1/ Ibuludea poetal earlngs bonds.
2/ It ahould be noted that callable leeuee appear tvlce In thla
colunn, once In the year of first coll and a^aln in the year of
final naturlty.
Callable lasues with respect to vhlch a definite
notice of cedl bas been nsde, boverer, are listed as fixed maturities. For date of issue of each security, see "Market Quota-

12/1/5^

June.

-

1,606

tloos" : for tax atatus , see "Treasury Surrey of Ownership"
Bank restricted issues nay oot be acquired by ooHwroial banks
(with ninor exceptions) prior to specified dates; see "Debt Outstanding
and Treasurer's Account", Table 2, footnote 1.
Rot called for redezqption cc June 15, 1954; callable on four aonths'
notice for redemption on Deoenber 15, 1954, succeeding Interest payment
date.
lot called for redemption on June 15, 1954; will nature co December 15, 1954.

August

/95-f

Trcfisuni JiuUrtin

22

DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Da to
Bubecrlption

Atiifiist

23

I9i4
.DEBT OPERATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Called or aatorlog seourltj
Sat* of
rafundlng
or retlre-

leauo
data

Deaerlptlon

ent

^

Diapoaitloa offers
Vy Treaaury

^onDt
outetandlAg

Cash
retire
sent
(In

3/1/52

2-l/2j( Bond

3/1/52

l-7/8» Certificate

6/U/52

2-1/2*
2-1/2*
2-1/2*
2-1/2*

Bond
Bond
Bond
Bond

Beaolta of ex*
chajsge offers

KKohanee
aeourlty
offered

cfaanged

mlUlons of dollars)

3/15/52-5'*

3/31A1

1,02*

1,02*

927

97

'•/1/52-A

6/15/51

9,52*

9,52*

8,868

656

3/15/65-70
3/15/66-71
6/15/67-T2
12/15/67-72

2/1/**
12/1/**
6/l/*5

n/15/*5

5,195
3,*80
1,999
*,072

5,195
3,*80
1,999
*,072

*67
512
100
227

Total

Description of new
eecurlty offered

Turned
in
for
cash 2/

El-

2-3/8* Bond
1-7/8* Certificate

3/15/57-59
-

_2-3A* Treasury bond, Inveetaent Series B-1975-80 i/

1*,7*6

1*,7*6

1,306

7/1/52

1-7/8* Certificate

7/1/52-B

8/1/51

5,216

5,216

*,963

253

1-7/8* Certlflcste

-

8/15/52

1-7/8* Certlfloat*
1-7/8* Certificate

8/15/52 -C
9/1/52-D

9/15/51
10/1/51

583

*3*
1,575

150

Certlflcste

-

258

2*

1,832

583
1,832

2,*l6

2,*l6

2, 008

*07

Total

2/15/53-A

6/1/53-B

8/15/53-C*/

10/1/52

1-7/8* Certificate

10/1/52 -K

10/15/51

10,861

10,861

10,5*2

319

2-1/8* Bote

12/1/52

1-7/8* Certificate

12/1/52 -r

12/15/51

1,063

1,063

873

190

2*

2/15/53

1-7/8* Certificate

2/15/53 -A

3/1/52

8,868

8,868

8,73*

13*

2-1/** Certificate
2-1/2* Bond

2/l5/5*-A
12/15/58 5/

5/1/53
6/15/53

1-7/8* Certificate
Bonl
2*

6/1/53-B
6/15/53-55

7/1/52
10/7 /*0

*,963
725

*,963
725

*,*10
**8

553

2-5/8* Certificate

277

6/l/5*-B

8/15/53

2*

8/15/53 -C

8/15/52

Total
Certificate

5,688

*,858

829

2,882

2,8ee

2.788

93

2-5/8* Certlflcste

-

8/l5/5*-D

-

9/l5/5*-B
3/15/57-A

7,986

7,721

266

2-5/8* Certificate
2-7/8* Mote

10,0*2

9,923

U8

1-7/8* Bote
2-1/2* Bond

8,11*

5,6*7 P
2,360 p

108 p

1-5/8* Certlflcste
2-1/2* Bond

-

2/15/55-A
11/15/61

*,675

*,675

78 p

1-5/8* Certificate
2-1/2* Bond

-

2/15/55-A
11/15/61

5,825
1,501
681

5,825
1,501
681

1,360 p
3,237 p
*,083 p
1,128 p
369 P

1,7*3p 8/

20,796

20,796

18,18* p

2,6l2p 8/

2*

Bond

9/15/51-53

9/l5/*3

12/1/53

2-1/8* Rote

12/1/53-A

10/1/52

a-iA* Certificate

2/l5/5'.-A

2/15/53

8,11*

1-3/8* Rote

3/l5/5'»-A

12/l5/*9

Bold
2*
2-1/U* Bond

6/15/52-5*
6/15/52-55
6/15/5^-56

6/26/**
2/25/*2
7/22 AO

2-lA*

2-lA*

Bond
Boul

2-1/1.*

BoM

2*
5/l7/5lt

2-5/8* Certlfioata

(

7,986
10,0*2 6/

Total

Source:

i/
2/
i/

*/

1/

2/-I/2* Bond

11/15/61

5/
7,007 p total of 1-5/8* Certificate
11,177 P total of 2-1/2* Bond

1,7*3
373

1,7*3
373
311

1,505 p
322 p
273 p

238 p
51 P
38 p

1-1/8* Certificate

3U

6/1/54-B

6/1/53

*,858

*,858

1,786 p
2,897 P

175 P

fl-1/8* Certificate
I1-7/8* Bote

502 p

(3,886 p total of 1-1/8* Certificate
12,897 p total of 1-7/8* Bote

n.a.

(1-1/8* Certificate I2-I/8* Bond

7,285
8/15/5*

8/15/53

7,285

2,788

6,783 p

2,788
{

<

3Up

6/26/**
2/25/*2
7/22 /*0

6/l5/5lt

2-5/8* Certificate

373pB/

12/l5/5*-B
12/15/58 2/

6/15/52-5*
6/15/52-55
6/15/5* -56

Total

2-5/8* Certificate

8/15/53-C*/

5,688

9/15/53

2/l5/5lt 1/

12/1/53-A

Certlflcste

9/15/5*

9/15/53

*,72*

*,72*

7,512

7,512

Borean of the Public Debt.
OrlglnBl call and atnnty dates are oaed.
All by Investors other than Federal Reeerre fianks.
These noiaarketable beads, dated April 1, 1951, ami maturing
April 1, 1980, are exnhangeable for 1-1/2* aartetable Treaaory notes;
aes Table 3, footnote 2.
In the reopening, the Inrestaent Series
bonds were offered for cash subscriptions as veil aa exchange, and
not leae than one quarter of each subscription had to be paid In cssh.
Ths 2* certificates Maturing Ajigust 15, 1953, xers reopened for the
DecMber 1, 1952, refunding (sse Tsbls 3).
The 2-1/2* bonds aatnrlng December 15, 1958, vers reopened for the
December 1, 1953, refunding (see Table 3).

6/

^J

P
n.a.

n.a.
n.a.
::::
n.a.
n.a.

1

il-l/B* Certificate
[2-1/8* Bond

5/17/55-B
-

5/17/55-B
2/15/59-A

8/15/55-D

u/15/60
8/15/55-0
11/15/60

On loveaber 9, 19^3. the Treasury purchased froa the 7ederaJ. Baeerre
Sl^etaa aM retired $^00 million of the 2-1/8^ Treasury notee naturlne
DecsMber 1, 1953. For further details see "Treaaurj Bulletin" for
Horember 1953 > pass A-17or details of oiohange offering see Table 3, footnote 15,
It had been annotiziced that holders of these bonds vould be given an
opportunity to exchange them for another Treasury lestie after
February 15, 1954. This exchange offering was included in the
refundlnge of Msy 17, 1954Preliminary.
Rot aTallable.

Treasury Bulletin

2h

.UniTKD STATES SAVINGS BONDS.
United States savings bonds were first offered In
March I935 and began to mature In March igM-J. Series A-D
were sold between March 1935 and the end of April 19M-1,
and

were first offered In May l^kl.

details of these changes see "Treasury Bulletin" for
May 1952, page A-1. Series F and
began to mature on
For the exchange offering made to holders
1, 1953of these bonds maturing through December 3I, 1953, see

May

and Series E, F,
When Series E began to mature on May 1, 1951. owners of
To redeem
the matured bonds were offered three options:
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at

holders of Series F and Q

specified rates of Interest accrual; or to exchange them

are Inoluded at Issue price and total redemptions and

for Series G bonds.

May

1,

1952.

A number of changes became effective

The principal ones were:

The rate of

the May 1953 Issue,
195"* to

bonds.

page A-1.

The Treasury Invited

^Ich begin

to mature In January

reinvest the proceeds In other series of savings
In the tables which follow, Series A-F and J sales

amounts outstanding at current redemption values.
H,

and E are Included at face value throughout.

Series

G,

Matured

Interest accrual on Series E was Increased, especially for

bonds which have been redeemed are Included In redemptions.

with corresponding changes In extended
were replaced by two new
Series E; and Series F and
Issues, Series J and K, also at higher Interest rates.

Matured F and 3 bonds outstanding are Inoluded In the

A new new current-Income bond, Series

upon which Interest has ceased.

the near term,

return to Series

E,

H,

similar In Interest

was offered beginning June 1.

Interest-bearing debt until all bonds of the annual series

have matured, when they are transferred to matured debt

For

Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1954
(Dollar aoounts In HlUlooa}

Serlee

Auyust

195-i

..,.

:

Treasury Bulletin

26

.UNITED STATES SAYINGS BONDS.

Table 3.- Sales and RedemptionB by Periods, Series E through K

(Continued)

(In inllllono of dollaro)

Accrxied

dlacount

Bedemptions 2/

Sales plus
accrued
dlBcount

^
Accrued
discount

Sales
price

Amount outstanding ( Interestbearing debt)

Fiscal years:
191.1-191,5
igitfi

19''7

iaU8
19^9
1950
1951

35,37''

Ul8

6,739
',287

1,31,

3,993
3,272
3,266
3,700
3,988

536
633
753
895
1,035
1,111
1,120
1,126

39,680

615

l,,l*66

1,93

U.oSs

579
696
818
971
1,080
1,120
1,128

lt,0S6
l,,278

1952
1953
WS"!

35,792
7,173

5,69lt

6,668
5,81,3

26
69
103
136
162
195
307

29,097
30,358
30,791
31,625
33,127

5,032
It, 887

5,912
It, 391
3,825
3,530
3,521

l,,307

lt,295

•,377

1,,008

",,821
5,lll»

032
It, 319

1,0,295
l*,959

9,568

l,,661,

920
5,025
U,639
It, 270
It, 513

3,930
3,728
3,1A8
3,912
It, 036
It, 098

5,03lt

U,lltl

I136

357
329
378

278
329

U8

351
312
350

287
268
307

6k

35,81.3

1,1.

35,927
36,036

Itl

I,,

821,

l,,659

It,

U,288
3,689
3,368
3,326
3,987
3,583
3,532
3,765

3l,,l,9l*

1,25

3lt,506
3lt,875

500

35,661,

5511

36,1.58

51
93
116

30,727
30,263
30,997
32,188
33,766

Calendar years:
191,1.191,5
igiie
19l»7
191,8
19'»9

l»,22l,

1950
1951
1952
1953

3,668
3,190
3,393
3,906

1,,208

5,lt23

It,

9,517
5,330
3,813
3,575

15lt

3,2711

17lt

3,667
3,688
3,622
3,609

21,5

311,1193

31,8
1,76

311,727
35,llt3

531

36,036

Months:

V

y

1953-Julj
August. .
September

327
309
301

109
81
83

390
385

October.
Not ember.
December.

313

299

76
92
125

1*59

UO

502

369
359

328
306

1,00

81
79

1,78

1,01,

3ltlt

331
301

75
92

1,06

»W

393

358
330

308
286

'•3

36,1,29

June

329

121,

"153

1,21,

383

Itl

36,1.58

6

1951, -January..

February.
March,
.

.

April

33"*

392
353

389
391

Scrlea H

31*1

^

Fiscal years
1952
1953

30

30
360
665

360
665

26

6
26

182
U62

182
U62

16

16

i953-July
August. .
September

13
37

lt3

1

1,2

1,2

October.
Not ember.
December.

lt3

113

Ul

111

1,7

lt7

195lt

Calendar year;
1952
1953

Healths:

1951, -January.

37

93

93

February.
March. .

69
75

69

April
May
June

59
53

59
53

61,

61,

.

75

15
51

It3

53
60
50

35,7lt2

35,803
35,810

36,169
36,2lA
36,317
36,366

Aut/iisf

27

1954
.UNITED STATES SAVINGS BONDS.

Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollare)

Unmatured bcods

Matured bonds
Parlod 6/

Total
DAtured

Series
A-D

For
cash

In exchange
for Series a

ad

Series
F and &

Total
unmatured

jy

Sales
price 1/

Accrued
dlscoimt

K

Fiscal years:

1951
1952
1953
195l«

817
792
1,761

6,137
5,109
5,621
6,515

2,7li7

5,81iO

9ff7

5,651

772
1,015
2,318

779
90
31
18

38

37

702
1,128

1,126

l,'t87

l,li86

250
968
1,328

2li5

5,320

69I1

602 8/
l,2Ul Sj

lt,317

't,996
U,01i6

3,860
3,768

3,622
3,577

'',853
l.,879

1»,583

32lt

271
238
191

Calendar years:
1950
1951
1952
1953

5,07lt

6,1U9

987
522
1.7

2U

962
1,326

9678/

3,831

',571
3,806
3,613

"•,059

270
308
253
217

Months:

1953 -July V-August ...

5^1

72

37

37

3U8/

I170

1163

l»8o

200
179

118

118

80

113

113

61.

280
335

257
312

21l8

180
117
116

180

21*1

221
265
302

20

113
153

66
UO
79
181
192
155
120

395
199

13
lU

September

SI"*

October.

Noreonber.

489
U38

December.

51"»

.

159
197

February
March ....

70U
560
598

332

113
153
175

April
May
June

538
510
626

260
235
223

138
116
111

195lt- January...

295
3''7

Source: Dally Treasury Statement.
1/ Details by Berles on a cumulative basle and by periods for Series A-D
ctmbined vill be found in the February 1952 and prerious issues of the
"Treasury Bulletin"
2/ Inoludaa exchangee of matured Series E bonds for Series G bends beginning May 1951 and for Series Z bonds beginning May 1952
i/ Includes both matured and unmatured bonds; see Table U,
kj Because of a chaise in procedure in July 1953 for proceeeing redeemed
savings bonds, the amount of redeniptions not yet claeelfied at the end
of July as between matured and unmatured vas larger than nomial. This

U7
116

175
138
116
111

U7
lU

280
318
1.08

213
266
278
275
U05

2lt9

262
261
392

6
23
23
15
16

17
16
111

13

situation vas reversed in subsequent months as these redemptions vera
classified. Since the unclassified redemptions are included in these
tables at issue price, the relation between issue price and accrued
discount is Bomavhat distorted also.
Sales began June 1, 1952.
Comparable data are not available prior to January 1950Includes redemptions not yet classified between matured and unmatured.
Includes exchanges of Series 19lfl F and G savings bonds for Treasury
3-1 A* honds of 1978-83.
Less than $500,000.

:

.
.

28

Treasury

BuUeth

.UNTIED STATES SAVINGS BONDS.

Table 5.- Sales and Redemptions by Denominations, Series E and H Combined

i/

(In thousands of pieces)

Total, all
deooaliiatloos

»10 2/

»25

$50

1,119,078
58,971

19,823
522

781,680

163,251*

I9W
19^9
1950
1951

611,576
64,301t
61t,299

391*

1952
1953
195^ P

7'»,136
80,1185
85,l»l8

Period

$100

fiscal years:
191(1 J,7

36,11*6

9,901

WO

39,

335

39,150

11,1*25
11,81*1

1

'11,751

11,786

50,701

13,129
11*, 372
15,686

5't,38o

56,903

Calendar years

WltlAT
191*8
19't9

1950
1951
1952
1953

l,llk8,19lt

20,128

61,813
65,118
62,929
68,069

1*35

IW

799,913
37,659
39,572
39,050

1

1.5,661

371

77,271

52,808

81i,390

56,71*3

Monthe:

1953'July
August
September.

October....

7,0U

I*,

6,736
6,786

l*,531

695

i*,5l*l

Horeiaber.

.

.

7,035
6,866
7,502

11,736
l*,659

December,

..

7,51'*

I*,

6,713
8,036

l*,386

7,OU9
6,7UO

l*,701
l>,512
l*,935

1954-January.
February,
March
.

.

April
May p
June p

Inception to date p

5,035

7, '132

l,6u,266

885

5,287

21,076

1,100,111

251,393

123,26*
7,777
8,550
8,651*
7,61*9

$200 1/

$500

$1,000

$5,000 i/

$10,000 i/i/

29

Aitqust 19 14
.UNITED STATES SAVIUGS BONDS.

Table 6.- Sales by States, Series E and H

^

Combined

(In thousaadfi of dolXar« at Isaue price)

Inception
through
June 30,
195^
Alabama
Arizona
Arkansas
California
Colorado
Connecticut

1953

Julj

756,921
256,216

2,635

Itli9,0ii6

5,353.052
578,650
1,211,502

Delavare
District of Columbia
Florida

Georgia

Dec.

2,71.7

2,1.59

2,068

2,890
978
1,988

1,183
1,739

22,581
3,203

20,082
2,776

18,1.26

2,163

'.,785

'.,352

'.,885

1,1.72

Jan.

1,078
1,730

2,958
1,027
2,071

22,1.57
2,81.1

18,639
2,579

19,972,698

5,101.

l.,985

l.,935

Mar.

Apr.

Hb»

3,316
1,316
2,700

3,646
1,888
2,229

3,177
1,444
2,680

3,426
1,246
1,952

3.069
1,109
i,ei3

25,390
2,207
5,922

29,855

27,174
3,875
5,876

22,088
2,747
5,209

17,626
2,642
4,843

729
3,576
5,603

1,237
3,431
4,806

915
3,261
5,537

3,583
4,794

167,2511

63'.

639

738

867,897
873, U18

3,517
3,855

3,1.61
l.,5W.

3,121.

777
3,558

668
2,290

l.,137

1,088
2,833

3,731

l.,352

3,591.

3,917

l.,693

85^,188

3,1.53

4,627
1,226
45,888

4,136
948
40,220

4,084
1,033
46,047

3,747
755
34,877

4,357
600
33,337

5,8ll,U57

3,751
570
36,326

3,906
559
30,298

Indiana

1,990,152

11,616

Iowa
Kansas

1.935,81.9

8,51.2

l.lW.USl

5,972

10,397
8,580
5,195

783,952
757,687
298,013

3,691.

'.,135

'.,158

3,101

2,965

1,11.1

1,01.2

2,801
1,081

Louisiana
Maine

Hot.

2,975
1,138
1,676

Idaho
Illinois

Kentuc]E7

195*

Sept.

Aug.

3,501

3,890

811.

713

76I.

3,395
690

31,768

28,670

28,1.43

11,803
9,269

11,11.2

10,582

8,300
5,615

9,1.91

12,308
12,863

3,958

'.,765

14,076
21,208
4,720

13,430
13,783
8,851

15,112
16,745
16,173

11,744
12,920
6,809

10,413
10,679
4,706

3,507
3,027
1,155

3,380
2,561

3,580
3,092
1,077

4.757
4,389
1,428

5,058
3,824
1,087

5,138
3,384
1,231

3,876
3,178
1,172

3,788
3,114
1,123

l.,302

4,773

8,371
17,808

28,108

5,085
9,895
25,638

4,826
7,753
26,036

5,191
10,177
26,648

4,906
8,758
18,781

4,236
8,767
22,347

6,734
1,753
11,059

9,490
3,046

U,8l0

7,752
2,861
12,108

7,781
2,699
15,665

7,132
2,146
11,497

6,102
1,719
10,118

1,796
6,840
344

2,966
6,855
756

3,100
12,730
481

2,819
21,380
574

2,216
15,486
362

1,743
6,420
364

14,931.

1,11.2

617
33,063

Maryland
Massachusetts
Michigan

911, 1199

l.,l.22

2,256,611
3,923,733

8,261
22,715

U,152
7,973
21,950

22,81.5

U,729
8,715
21,063

Minnesota
Mississippi
Missouri

1,520,733

6,751
2,022
11,101

5,951
1,813
9,717

5,930
1,876
9,730

6,527
1,806
10,219

6,221.
1,81.8

1,95'' ,251

Montana
Nebraska
Nevada

368, 5W*
1,039,150
82,878

1,620
7,228
330

1,592
5,870

1,1.91.

1,71.5

5,826
368

7,010
387

2,019
5,591

1.23

Nev Hampshire
New Jersey
New Mexico

185,715

61.2

681

13,71.3

12,01.5

ll.,854

1,023

602
13,233
690

653

11., 01.5

168,896

629
13,126
755

635

2,725,3''5

8I.3

661.

801

860
17,732
912

672
14,941
1,157

790
17,241
1,100

684
15,321
921

690
13,513
745

Sew Tork
North Carolina
North Dakota

8,758,730
886,713
379,670

ltf,127

35,165
2,986
1,309

32,1.61.

31,986
3,256

1,279

37,082
3,262
1,658

1,901.

37,994
3,665
1,898

52,755
4,370
2,564

38,331
3,946
2,122

40,367
3,943
2,274

42,043
3,503
1,510

36,652
3,187
1,577

Ohio
Oklahcma
Oregon

It,

1196, 105

21,859
5,033

25,660

22,372

22,310

2,au

2,21.6

I'M

2,332

25,567
3,965
2,180

23,189
4,891
1,783

27,891
4,244
3,408

33,783
5,458
2,958

27,719
7,638
3,207

25,036
4,707
2,272

27,574
3,914
2,170

Pennsylvania
Rhode Island
South Carolina

5,797,001.

31,981
1,138
1,967

30,276
1,097

28,127

33,1.29

28,991.

1,211.

W.li,li39

2,071.

2,131

1,028
2,051

1,193
1,727

33,565
1,196
1,981

36,010
1,472
2,243

35,394
944
2,059

41,187
1,268
2,063

35,065
1,140
1,889

30,304
I,l40
1,653

1.28,11.7

2,0ll6

817,851.

3,057
10,618

1,709
2,787
11,696

11,0'.3

2,189
3,786
10,737

2,098
2,778
10,190

3,070
2,996
10,343

2,612
4,638
13,795

3,569
4,450
15,624

3,706
4,009
12,908

3,162
3,631
12,817

11,1.76

1,202
332
6,442

1,934
518
5,569

1,177
388
6,008

1,980
470
7,005

355
5,703

1,353
335
5,116

£.324

'•65,137

892,601*
789,7211

371,316

South Dakota
Tennessee
Texas

2,698,682

Utah
Vermont
Virginia

105,583
1,216,220

295,961.

Washington
West Virginia
Wisconsin
Wyoming
Canal Zone
Hawaii
Pxierto Rico
Virgin Islands
Other possess ions.

3,11.6

l.,725

l.,299

1,693
3,227

8,617

31.2

1,322
318
5,736

1,089

1,038
350

1,620
330

1,161.

'.18

5,827

5,1.76

5,201.

5,1.70

361.

9,51.0

926

3,112
3,438

'.,336

'.,1.69

3,81.7

5,013

5,585

689,1*97

3,538

3,1.82

3,1+1.1.

8,1.55

81.5

6I.3

8,068
697

7,671
506

3,132
4,627
9,585
585

6,332
7,397
11,722
570

6,611
4,8o4
10,111
877

7,456
4,377
10,812
1,175

5,262
3,861
9,150

151,01.2

3,587
8,577
651

3.269

9,701.

763

633

1.6,626

200
1,106
181

11.5

171

87

51.3

1,1.60

186

137
1,722
135

211
1,273
180

5

4

172
1,500
169
5

175
1,070

113
6

117
986
207

113

1,121
lOU

198
361
137

331., 150

1.6,313

2,205

Dally
Treasury Stateoaent

1,1.55

7,91.1

1,657,071

1,311., 172

.

3,1.21.

l.,1.10

5

7

3

79

4

3

4,603
;.:'-50

1,169
205
8

31., 1.68

Adjufltanent to

Total.

+1,1.29,213

+15,510

+16,296

+22,681

+17,806

+23,003

+45,948

-1,572

+13,407

+11,863

+12,280

73,979,050

369,535

31.6,267

31.3 ,21.5

356,791

381,432

484,670

421,782

474,120

389,751*

353,687

Source: Dally Treasury Statement and reports from Federal Reserve Banks.
1/ Sales of Series H began June 1, 1952.

Trcnsuri) Bulletin

30

.

TREASURY 3AVIJCS NOTES.

Treasury tax and savings notes have been Issued as
follows:
Tax Series A from August 1, l?"^!, through
June 22, 191*3; Tax Series B from August 1, iglH, through
September 12,

19l*2;

Savings Series C (originally designated

Tax Series C) from September

13^; Savings Series
May

l.^,

1942,

through August Jl,
191+8, through

D from September 1,

Savings Series A from May 15, I951, through
May 14, 1953; Savings Series B from May I5, 1953, through
111-,

195I;

September 25, 1953; >n* a new Savings Series
October

C from

through October 23, 1953, when sale of these
notes was suspended.
Details concerning terms and
1,

conditions for purchase and redemption and Information on

Investment yields of Savings Series

C

appear In the

Similar Information with respect to the offering of the
earlier series was published currently In the "Treasury
Bulletin", and appears also In the "Annual Report of the
Secretary of the Treasury" for appropriate years.

In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment) are

Included In the figures on redemptions. Matured notes
outstanding are reflected In the interest-bearing debt
until all notes of the annual series have matured, when
they are transferred to matured debt upon which interest
has ceased.

October 1953 Issue of the "Treasury Bulletin", page A-1.

Table 1.- Sales and Redemptions by Serl es. Cumulative through June 30, 1954
(In

s«nM

minnii

of delltts)

31

Auqiift 19^4

.OWHEKSHIP OF FEDHKAL SBCURITIES.

Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllona of dollara)

End of
fiscal
year
or month

9
6
5

.

15
2
U

.

7

9
3

.

9
5

U
U
3
1

7

.

1
8

9
6

.

-

Treasury Bulletin

32

.OWNERSHIP OF FEDEEIAL SECURITIES.

Table 3.- Estimated Ownership of Federal Securities
(Par values l/

-

In bllllonfl of dollars)

Held by prlTata nonbank Investors

Held b; tanks

Total
Federal
eecurltle
outatandliig 2/

End of
noath

U. S.

GoTemment

Coimier-

clal
banks
1/

Federal
Beeerre

IndlTlduals 5/

Inreetzient

Insurance

accounts U/

coiq>anle8

Banks

1-9

8.2

6.3

3.1

7.5
7.8

6.5
6.9

3.1
3.2

2.1
2.0

.1*

U.2

3.6

7.1
8.2

2.0

.6

5.1*

7.6
8.2

3.1*

13.6

3.7

l*.0

.7

37.7
53.0

17.8
23-7

8.7
10.3

9.2
11.3

3.9

1'.9

.9

13.1*

it.5

10.1

1.0

11.7
12.9

13.1
15.1

5.3

12.9

21*.

6.1

l6.lt

1.5
2.1

15.1
17.1

17.3
19.6

7.3
8.3

20.0

3.2

21.1*

'*.3

9.6
10.7

22.9
22.0

5.3

11.1
11.5
11.8

19.9
17.7
15.3

6.7
6.5
6.3

l8.lt

15.9

2.5

1*8.5

18.6
19.5

16.1
17.3

2.5
2.2

22.8
23.9

10.1
10.6

a .3

21.8
23.7

19.7
21.

2.2
2.3

25.0
31.0

55.3

19112 -June

Deceoaber

Hunts 2/

2.6
2.8

22.7

1*7.6

19U0-June
December

19'H-June
December

n.o

28.7

26.0

2.6

112.5

1*7.3

1*1.1

6.2

6.5

9.1

11*0.8

59.1*

December

170.1

71.5

52.2
59.9

U.5

16.9

67.0
81.7

30.9
37.6

19W*-June
December

202.6
232.1

83.3
96.5

68.U
77.7

ll*.9

19.1
21.7

100.2
U1*.0

1*6.3

18.8'

53.3

31.2
36.2

19ll5-June

259.1
278.7

106.0
115.0

81*.

21.8

21*.

1*0.7

18.9

22.7

21*

.3

27.0

128.2
136.6

59.5

90.8

61*.

1*2.9

21.1*

21*

279.8
269.9
259.5

116.7
108.2
97.9

93.8
71*.

22.9
23.8
23.3

28.0
29.1
30.9

135.1
132.6
130.7

20.8
20.0
20.1

21* .1*

258.1*

91.9
91.3

70.0
68.7

21.9
22.6

32.3

85.9
85.8

61*.6

21.1*

35.8

68.5

23.3

37.3

I9't3-June

December
19lt6-February (Peak)
June

December
igltT-June

81*. 1*

7.2

December

257.0

19U8-June
December

252.1*

19l»9-June

252.8
257.2

82.1*

85.7

63.0
66.8

19.3
18.9

1950 -Juno
December

257.1*

83.9
82.6

65.6
61.8

18.3
20.8

1951-March
June
September
December.....

255.0
255.3

80.7

257.1*

83.2

259.5

85.1*

57.8
58.U
59.5
61.6

22.9
23.0
23.7
23.8

1952-«arch
June
September
December

258.1
259.2
262.7

aa.6

60.1
61.1
61.6

22.5
22.9
23.7

267.1*

85.3
88.1

63 .U

21*

1953-January
February
March

267.5
267.6

86.7
85.8

62.8
61.9

261*.

83.1*

59.5

April
May
June

261*.

266.6
266.1

83.0
8e.e
83.6

59.1
58.6
58.8

Juiy
August
September

272.7
273.3
273.0

88.1*

87.8
87.8

October
November
December. ......

273.5
275.3
275.2

88.1
89.0

271* .9

252.9

December

1951* -January

1/

2/

3/

y
5/

256.7

..

81.1*

81*

.0

89.6

February
March

270.3

88.8
87.6
85.5

April
May p.

271.1
273-6

88.3

271*.

87.1

State and
Corpora- local
tions 6/ govern

bonds

1939-Deceiiiber

50.9

Mutual
savings
banks

11*.

19.2

.0

61*.

1*3.3

63.1*

1*3.5

61* .2

1*1*

133.7
131.3

66.

1*5.5
1*6.2

20.9

21*.

65.7

19.1*

23.9

130.7
129.7

65.8
65.5

1*7.1
1*7.8

18.6
17.6

22.8

132.2
132.1

66.8

1*8.8

39.1*

66.3

1*9.3

37.8

135.6

39.2

131* .9

67.
66.3

39.8

131*.

1*1.0
1*2.0

132.9
132.2
131.8

66.3
65.5
65.0
61..8

31* .1*

38.3

1*2.3

1*3.0

65.8

.2

21*

.9

21*.

12.1
12.0

.1.

.5

6.5

13.9

7.1

11*.

7.3

13.6

21.2

12.0
11.5

7.8
7.9

18.0
17.0

20.5
20.1

11.6

15.6.

11.1*

16.8

8.0
8.1

1*9.9
1*9.6

17.6
16.7

19.8
18.7

11.6
10.9

18.1*

8.7

•9.3

17.0

1*9.1
1*9.0
1*9.1

16.1*

16.0
15.7

17.9
17.1
16.8
16.5

10.5
10.2
10.1
9.8

20.3
20.0
20.2
20.5

9.5
9.6

16.7
15.6
15.9
15.7

16.3
15.7
16.2
16.1

9.8
9.6
9.7
9.5

19.9
18.9

10.1*

20.2

15.6
15.6
15.9

16.2
16.2
16.0

9.5
9.6
9.6

20.6
21.0
20.0

11.2
11.3

15.9
16.6
16.8

16.0
16.0
16.0

9.5
9.6
9.5

19.8
20.8
18.7

11.5
12.0

1*9.3

16.6
16.3

11*.

19.7
9.1
9.1*

132.5
130.8

61*

1*5.1
1*5.9

132.1*

6-5.0

133.1*

6U.8

1*9.1
1*9.0
1*9.0
1*9.2

23.9
23.9
23.8

1*6.0

131* .7

61*

.9

1*9.3

1*6.2

135.7

65.2

1*9.1*

1*6.3

131*.

65.1*

1*9.5

23.9

1*6.3

1*6.3

21*.

1*7.6

65.5
65.9
66.0

1*9.6

21* .2

135.3
137.0
135.0

63.5
62.7
62.6

25.0
25.1
25.2

1*7.6

136.7
137.5
137.2

65.8
65.6
65.7

1*9.3

16.1*

9.5
9.5
9.5

12.2
12.3

1*9.3

16.0
16.0
15.9

20.0
20.7

1*8.0

20.1*

12.1*

62.8

25.3
25.1
25.9

1*8.0

137.1*

1*9.2

138.2
137.3

65.1*

1*9.3

16.1
16.0
16.1

15.9
15.9
15.8

9.3
9.3
9.2

20.9
21.7
21.5

12.1.

1*8.2

65.3
65.3

16. 2r
16 .3r
I6.7r

15.7
15.7
15.6

9.2
9.2
9.2

21. 5r
22. Ip
19. 5r

12.6
12.6
12.7

16 .1<
16.6

15.6
15.5

9.2
9.2

1B.9
19.3

12.8
13.1

63.9
63.7
61*.

.7

2U.6

Wt.3

U8.0

1*8.3
1*8.3

63.1

21*

.5

1*8.3

60.9

21*

.6

1*8.2

62.5
63.5

21*

.6

1*8.2

21*

.8

1*8.5

.7

1*9.3
1*9.3

1*9.3

137.9
139.0
136.6

65. 5r
65. 7r

U9.I*

66.1r

1*9.'*

135.8
136.7

65.8
66.1

United States savings bonds. Series A-F and J, are Inclulsd at
current redemption values
Securities issued or guaranteed by the U. S. OcT«niment, ololuding
guaranteed securities held by the Treaaury. For aaounts subject to
statutory debt limitation see page 1.
Consists of ocoMrclal banks, trust ocnpanlea, and stock savings banks
In the Dnlted States and In Terrl tones and Island poeeesslons.
Figures exclude securities held In trust depart^nta
Holdings by Federal land banks are Included unler 'Miscellaneous
Investors" Instead of "U. S. Government Investment accounts" after
Juno 26, 191*7, vhen the proprietary Interest of the United States
In these banks ended
Includee partnerships and personal trust accounts. Honproflt
Instltu-

6/
2/
8/

p

r

1*9.1*

1*9.5
1*9.5

19.1*

10.1

10.9
11.1

11.1.

U.9

12.5
12.5

tlons and corporate pension trust funis are Included under "Miscellaneous Investors"
Exclusive of banks and Insurance companies.
ConelBta of trust, sinking, and Investjnent funds of State and local
governments and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and investments of
foreign balances and international accounts In this country. Beginning December 191*6, Includes investments by the International Bank for
Reconstruction and DeveloiBnent and the International Monetary Fund in
special noninterest-bearing notes issued by the U. S. Ccvemment.
Preliminary.
Ssvlssd

.Aiit/ijsf

33

iVT4
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 195^-

Distribution of ownership by types of banks and Insur-

The Treasury 3urvey of Ownership covers Beourltles
Issued by the United States aovernraent and by Federal
The banks and Insurance companies Included In
agencies.
account for approximately 95 percent of such
Survey
the
seourltlee held by all banks and Insurance companies In

ance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-

bank classes and nonmember banks are published for June 30
and December 31- Holdings by corporate pension trust funds
are published quarterly and first appeared In the March igsU-

Data were first published for
the United States.
the
May 191*1 "Treasury Bulletin".
March 31, iglH, In

Section

I

-

Bulletin for quarters beginning December 3I,

Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par Taluas - In

lUlane

of dollars)

Hold

^

inraataarB corered In Treaeury Surraj

Total

Inauranca coapanlaa

526

aaoiBit

ClABSlflcatlQa

UtoAl

6,977

outataadIng 1/

lal

2/i/

saringB
tnnka 2/

31*
llfs

598 flra,
caaualtr,
and Bariaa

n. S.

GoTanaent

Inraalaent
aooormta andl
Fedaral Raaarra

Interaet-baarlng aocurltloa!
Public nsr^otablo
Public nooHarkstabla
Spaclal leauee

^

153, MA

55,7^

76,588

8,159

7,203
1,955

5,970
3,»65

28,1129

'1,539

891

3,565
"•1,367

"11,367

Total intereat-baerlng aacurltlee

Matured debt and dabt l)oarlng no Intqreat

271,359
6/

Total aacnrltloa laaned or guarantaad by the
U. S. GoTffmMant 2/

9,158

57.906

9A35

B,36S

5,">30

2,196

273,555

'

Footnotee at end of Section II.

Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par ralues

-

In nllLlona of dollara)

Bald b7 Inraators corered In Treaantr Surrey
Insinvnce coopanlea

Claaaiflcation

outatandIng

6,977

Cd^MTClal
banks 2/

y

526
mutual
eavlj^a
banks 2/

3U
life

598 fire,
casualty,
azid narlna

n. 8.

Ooremaant

Inreetaent
accounts and
Federal Beaerre
Banks

Type of aecurlty:
Isaued by U. S. GorenlBenti
Treasury blUe
Certlf Icatea of Indebtedness
Treasury notes
Treasury bonds - bank eligible
Treasury bonds - bank restricted 8/
Postal savings and panssis Canal bonds.....
Guaranteed bar IT. S. GoTamaeait 1J

Total

22,019
18,577
31,923
72,036

U,268
35,no

8,67".

273

96

111

79

31

236
5,911
808
•
22

153 ."^A

55,7l»9

7,203

5,970

4,539

28,429

63,128
27,928
30,542

17,7"t6

324
501
1,410
1,034
3,796
116

570
155

769
849
1,568
428
895
29

16,171
6,539
1,540
661
3,373
144

"•,l"t5
It,

908

123
102

552
6
100
4,162
1,139

103

228
611
3,306
290
1

10

2,160
6,635
13,107
5,428
1,086
13
1

Maturity classes:

Maturing I
Within 1 year
1 to 5 years
5 to 10 yeara
10 to 15 years
15 to 20 yeara
Orer 20 yeara
Various (Federal Bousing Admlnlstratloa
debentures )

6,1)28

23,693
1,606

Total
Tai status

l"t,"t35

18,630
2,123
2,705
79

543

810
3,760
120

79

31

22

10

153,l»Olt

55,7lt9

7,203

5,970

4,539

28,429

2/

Wholly ezsBpt frcB Federal Inooas taxes .
Partially exeiiq>t frcn Federal Incone taxaa
Subject to Federal Income taxes 10/

96
6,036

"•,975

11*7,272

50,759

8
7,195

5,968

1
195
4,344

28,405

Total

153, "toll

55,7"t9

7,203

5,970

4,539

28,429

.

Footnotes at end of Section

U.

19'^9.

l"i

13

U

i

Treasury Bullet

3'^

.TKEASUFSr SURVEY OF OWNERSHIP, MAY 31, 195Jf.

Securities Issued or Guaranteed by the United States Govern,-nent
Table 3.- Interest-Bearing Public Marketable Securities by Issues

Section

I

-

(Far Taluea - In ailllons of loUare)

35

4iu/rjsf l9o-t

.TREASUPIf SURVEY OF OWNERSHIP,

MAY 31, 195U-

Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par raluea - In mlllloils of dollars)

(Par Taluefl - In vHllons of dollara)

Trcasun

36
TRF4ST7PY RTmVWV

Section

11 -

DTT

nUKfT^J^Jp

^

MftY 31;

195'l

Interest-Bearing Securities IsBued by Federal Agencies but
not Guaranteed by the United States Government
(Far ralues - In nllliona of dollars)

.An(/ll.sf

:-7

/95-f

.MATKET QUOTATIONS ON TREASURy SECimTTTES, JVSE 30, 195!*.
Current market quotations Bhown here are over-the-

public marketable securities Issued by the United States

counter cloelng bid quotations In the New York market
for the last trading day of the month, as reported to

Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
Government are excluded because they are not regularly

the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted

quoted In the market.

Table 1.- Treasury Bills (Taxable)
AKimt

h
Treasury Bullet

38

MAHCET QUDTATIONS ON TREASURy SECUPITIES, JUNE 30, 195^.

Table 3.- Other Taxable Issues
(Frio* toolaals ar* JZnds)

Aaonnt

(Continued)

4ii(/i(,sf

39

I9i4
.MAHCET QUOTATIONS ON TFEASURY SECUBITIES, JUNE 30,

z
UJ
o

o

\9^

..

,

.

..

^0

Treasury Bulletin
,

AVER/GE YIELDS OF LOHG-TEIM BONDS,

Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annia)
Tax&ble
Troaeury
bondfl

1/2/

Moodj'a Aaa
corporate
bonds
2/
Annual eerlee

19l<2

2.1*6

19^3
19W»
IS^S

2.1*7
2.1*8

2-37

I9I16

2 19

IgUT

2.r5

19119-jan.

2.1*2

?el).

June
JolT

2.39
2.38
2.38
2.38
2.38
2.27

Aug.

2.21*

-

Taxable
Treasury
bonds

Hoody'e Aaa
corporate

1/2/

i/

2.83
2.73
2.72
2.62
2.53
2.61

19l*8

2.1*4

191*9

2 31

1950
1951
1952

2.32
2.57
2.68

2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58

1951 -Apr

•toy.

Sept

2.22
2.22
2.20
2.19

Oct.
Hcrr.

Deo.

1950 -Jan.
Feb.
Mar.

2.20

2.57
2.58
2.58
2.60
2.61
2.62
2.65
2.61

2.21*

Haj.
June,

2.27
2.30
2.31
2.33

Juljr.

2.31*

Aug.
Sept.
Oct.,
Not.

2.33
2.36

2.61*

Dec.

2.38
2.38
2.39

2.67
2.67
2.67

1951^an..

2.39

Feb..
Mar..

2.1*0

2.66
2.66
2.78

,

2.1*7

Taxable Treaaury boi^a
due or callable - 1/
Period

From 12 to
20 yeara

195l*-Jan.

1...
8...

20 yeara
and after

Ma;
June.

.

.

July
Aug
Sept
Oct
Hot
Dec.

.

1952 >Iaa..
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
BOT.
Dec.
1953 -Jan.
Feb.
Mar.

Moody'a Aaa
corporate
boDda
1/

.

.

^

From 12 to
20 years

boDdfi

20 years
and after

Moody's Aaa
corporate
bonds

i/

calendar jear avgragee of nonttaly eerlee

Monthly eerlee

Mar.
Apr.

Taxable Treasiiry bonde,
due or callable -

-

2.82
2.66
2.62
2.86
2.96

2.92

1953

3.16

y

3.20

aTerageB of dally eerlea

2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70

2.88

2.71*

2.98

2.71
2.70
2.6U
2.57
2.61
2.61
2.70
2.71

2.93
2.96
2.93
2.93

2.87
2.88
2.91*

2. 91*
2.81*

2.89
2.96
3.01

2.91*

2.80
2.83
2.89

3.02
3.07
3.12

Taxable Treasury boixLa.
duo or callable - l/

20 years

195* -Jan.
Feb..
Mar..
Apr..
May..
June.

2.68
2.60
2.51

.

.

2.1*7

2.52
2.51*

3.21*

3.23

3.26
3.29
3.25
3.22
3.19
3.06

3.31*
3.1*0

3.28
3.21*

2.96

3.29
3.16
3.11
3.13

2.90
2.85
2.73
2.70
2.72
2.70

3.06
2.95
2.86
2.85
2.88
2.90

3.01*

2.91*

2.95
3.01
2.98
2.97

FroK 12 to

2.97
3.09
3.09
2.99
3.00
2.97
2.83
2.85
2.79

2.95

2.71
2.75

2.71*

1953 -Apr.
May..
June.
July.
Aug.
Sept.
Oct..
Not.
Deo.

20 years
and af t«r

Moody's Aaa
corporate
bonds
1/

Taxable Trecuury bonds
due or callable - 1/

FrcB 12 to
20 years

20 years
aztd after

Moody's Aaa
corporate
bonds

4llt/l(.sf

4-1

/97-f

.AVKR«>E TEELDS OF L0NG-TEH1 BONDS.

i

I

Oil

.1

o

.

,

..

)

.

.

Treasury Bulletin

U2

^INTERWAL EEViWUE COLIZCTIOKS.

K-

Table

Summary by Principal Sources^
(

In thousands of doUare

IndlTidual Inccne tax and emploTinent taxea

Fiscal year
or nooth

Adjoiteaat of
oollootlons
to biidgat
r*G*lpta

recolpts
frcn

int«mal
reroD&a

Il3,902,00£

19^5
19^6

Total
Internal
reroDua
collect Ions

Corporation

1*3,800,338
1*0,671,922

ig"*?

39,379,''09

19^8
igug

'tl,853,'>85

+Ml,661t
-361,589
+271,136
-11,051

1*0,307,285

-155,831*

1*0, 1*63,

39,Wt8,607
51,106,095
65,63"., 894
69,930,655
70,329, 3't9

"«),

1950
1951
1952
1953
195k

April
M«jr

Ubamploy-

1,307,931
1,237,825
1,458,934
1,612,721
1,687,151

284,758
284,258
379,555
560,113
562,734

186,489
178,745
185, 8?6
208,508
226,228

1,873,401
9,888,976
2,810,750
13,089,769
17,929,047
3,584,026
3,818,219
21,130,307
26,085 633

548,038
579,778
620,622
628,969
605,221

223,135
236,952
259,616
273,182
283,882

Insuracce

10, 174, 1*10

11,553,669

+491,1*92
+660,1*09

38,957,126

+625,502

65,009,393
69,686,509
69,919,901

10,854,351
14,387,569
21,466,910
21,594,515
21,546,322

19,797,883
26,624,788
33,738,370
37,254,619
37,921,314

7,264,332
9,907,539
11,345,060
11,403,942
10,946,578

l*,33l*,937

650,737
326,461
1,766,879

2,124,615
4,606,713
2,032,213

324,338
91,185
1,631,114

1,792,397
4,434,183
312,661

3,091
67,509
87,694

4,789
13,836
744

3,202,827
6,372 ,00*
3,097,810

477,665
318,122
1,882,291

2,020,637
4,556,682
566,172

78,836
77,050
364,365

1,933,731
4,397,601
114,999

3,222
70,097
84,736

4,817
11,934
2,071

4,1*30,362
8,286,1*50
11,298,91*6

445,246
401,136
7,353,717

3,524.343
6,483,044
3,196,360

2,371,889
1,050,976
2,697,997

1,114,675
5,191,642
401,828

3,651
57,235
91,159

34,128
183,190
5,377

3,675,875
6,562 313
9,119,538

647,123
358,942
6,918,003

2,455,607
4,787,699
1,567,230

757,627
139,189
1,362,012

1,686,503
',319
4,559,319
146,0
,063

6,601
61,762
68,465

4,876
27,429
-9,310

50,1*1*5,686

+1*09,1*1*8

3,752,858
5,785,981
+771,852

6,268,205

-2,018,21*5

12,819,51*0

1.520,59l»

3,725,337

+1*9,1*62

l*,asa,756

-1,739,557
+1,868,067

10,987,605

Railroad
retlrenent

U9

Decenbecr.

Juaa

Old-age
Insurance
taxes hj

39,108,273

1951* -January..

February.
Maroh

y

IndlTldual
inccne tAX
withheld U/

Ul,861*,536

+21*4,11*5

2/

income tax
not withhold

2/

20,813,491
20,405,364
21,367,662
23,379,123
20,527,935

August...
September
31,71*8,631

lodlvidual.

16,027,213
12,553,602
9.676,757

310,333

1953-JuU

October,
NoTanbor.

Inccnte and

profits

8,770,094
8,846,947
9,501,015
9,464,204
7,996,320

10,264,219
9,857,589
9,842,282
11,533,577
10,055,502

Mlscellaneoua internal revenue
Fiscal year
or month

Total

mlecaUaneous
Internal
roToiue

Capital
stock
tal 6/

Estate and.
gift taxes

Liquor
tazea

Tobacco

StaoQ)

taxes

taxes

Manufacturers •
and
retailers'
excise taxes 2/

Miscellaneous
taxes 1/

1945.
1946.
1947.
1948.
1949.

6,959,634
7,712,956
8,063,854
3,311,003
8,381,515

371,999
352,121
1,597
1,723
6,138

643,055
676,832
779,291
899,345
796,538

2,309,864
2,526,162
2,474,756
2,255,320
2,210,601

932,145
1,165,519
1,237,768
1,300,280
1,321,875

65,528
87,676
79,978
79,466
72,828

1,206,616
1,414,717
1,939,621
2,119,157
2,220,744

1,430,428
1,489,929
1,550,842

1950.
1951.
1952.
1953.
1954.

8,304,892
9,433,328
9,804,112
10,837,375
10,452,265

266

706,226
729,730
833,147
891,284
935,122

2,219,196
2,546,807
2,549,088
2,780,925
2,782,999

1,328,464
1,380,396
1,565,162
1,654,911
1,580,229

84,648
93,107
84,995
90,319
90,000

2,245,192
2,840,690
2,824,409
3,358,797
3,126,594

1,720,908
1,842,598
1,947,311
2,061,138
1,937,323

1,655,7U
1,752,792

1953-July
August....
September.

977,506
852,806
535,345

82,850
60,231
64,142

243,585
224,681
266,097

125,260
145,120
140,280

11,663
4,847
4,982

312,345
266,510
4,4o6

201,803
151,418
55,939

October...
November .
December.

704,525
1,497,200
649,346

96,240
55,686
62,680

294,008
275,707
216,490

146,664
126,341
120,058

11,482
4,802
5,079

73,720
772,715
46,391

62,410
261,949
198,649

46o,-,72

^5.^54
85,813
119,423

165,610
181, 401
223,896

123,405

11,895

134,778

6,128

45,184
757,495
60,201

49,224
260,636
204,442

222,619
222.476
246,429

129,854
130,468
147,007

6,138
10,876
6,176

49,751
727,016
10,859

68,313
251,747
150,787

1954 -January. .
February .
March
April.
May...
June.

1,402,271
748,870

96,470
73.088
73,044
Source: Internal Revenue Service for collections by typo of tax; Dally
Treasury Statonant for budget receipts from Internal revenue through
the fiscal year 1953, and the new "Monthly Statement of Becelpte and
Expenditures of the United States Government" for receipts thereafter. Certain detail by type of tax Is available only In Internal
Revenue Service reports. Dlffaronoes In the anounts reported for a
given period by the two sources arise because of differences In the
timing of the reporta. Undeo* arrangements begun In 1950, certain
taxes are paid currently Into Treasury depositaries, and the
depositary receipts, as evidence of payment, are attached to quarterly
tax returns to the Internal Revenue Service. These deposits are Included currently In Treasury reports of Internal revenue receipts but
are taken Into the accounts of the Internal Revenue Service after the
returns are filed.
Excludes
collections for credit to certain tzntst accounts for island
1/
possessions; includes corporation Income tax on Alaska Railroad (repealed by Public Lav 386, approved June 10, 1952, for taxable years
ending after that date).
2/ Includes exceae profits taxes formerly shown separately as follows:
unjust enrichment through 1947 (thereafter these collections are included under "MlacellaneouB taxes"); declared value (repealed for
years ending after June 30, 1946); Excess Profits Tax Act of 1940
(Title II of the Second Revenue Act of 1940, which was repealed for
years ending after December 3I, 1945). Includes also excess profits
573,145
1,415,671
634,306

3/

W

5/

6/

j/

U0,993

taxes on Army anl Havy contracts under the 71nson Act as amended
(34 U.S.C. 496), and Income tax on business Income of exanpt organizations imposed by the Revenue Act of 1951, approved October 20, 1951.
Monthly flguree Include old-age Insurance tax on self-onploymesit
incoma, which is levied and collected as part of the individual Income
tax beginning with the taxable year 1951. Fiscal year figures excl\«le
this tax, on the basis of estimates beginning 1952 (see footnote 4),
and it is included under "OLl-age insurance taxes"
Withheld inctne tax and old-age Insurance taxes on employers and employees are paid into the Treasury in combined amounts beginning
January 1951. In Internal Revenue Service reports, current colleclectiona have not been separated as to type of tax but the breakdown
for fiscal years beginning 1951 Is based on estimates made in accordance with provisions of Sec. 109 (a) (2) of the Social Security Act
Amendments of 1950, for appropriations to the Federal Old-Age and
Survivors Insurance Trust Fund.
Hew reporting basis beginning with the fiscal year 1954; for explanation, see page A-2 In the April 1954 "Treasury Bulletin". Figures
for July 1953 throi«h January 195* will be published by months after
analysis of the monthly data on the new basis has been completed.
Repealed for yeare ending after June 30, 1945. Beginning 1951,
included under "Mlecellanaoua taxes"
See Table 2, footnote 5, regarding change to quarterly returns In the
fiscal year 1954.

"^3

Auqust 1954
-DJTERNAL RE7ENUE COLLECTIONS-

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal

Years 1939-54

DOLLARS

DOLLARS^

Billions

Billions

38

36

36

_

Income Tax and
Employnnent Taxes

Individual

34
32

30
28

26

^

24
22

20
18

16

14

12

10

8
6
4
2

ml

Treasury Bulletin

hk

.rNTERMAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of
(In thousands of dollars)

Tjpe of tax

Tax''-'

^H

hiqiist /V>-f

.

IWTKKNAL REVENUE COLIiKTIONS.

Table 2.- Detail of Collections by Type of Tax

^

-

(Continued)

(In tiicxiuaods of dollars)

Twelfth month of
fiscal year

Fiscal /ear
Type of tax
1952

1953
(June 1953)

195^

1953

195^
(June WS"*)

MlBcellaneouB internal reTonue - (continued):

Potailere* excise taxes;
Furs
Jevelr;
Luggage
Toilet preparations

5/

Total retailers* excise taxes
Miscellaneous taxes; 5/
Sugar Act of 1937
Telephone^ telegraph, radio, and cable facllltlsa
Local telephone service
Transportation of oil \>j pipe Una
Transportation of persons , etc
Transportation of property
Leasee of safe-deposit boxes
Admissions to theaters, concerts, etc
Admiaeions to cabarets, roof gardens, eto
Club dues and Inl tlatlon fees
Bovlii^ alleys pool tables, etc
Coin operated deTlces
Adulterated and process or renovated butter, and flllod
chsese
Harcotlcs, including marihuana and special taxes
Coconut and other vegetable oils processed
Rational Flreems Act
Diesel oil 8/
Wagering taxes 2/
All other, including repealed taxes not shovn separately.
,

Total mlscsllaneouB taxes
Total miscellaneous Intsmal revenue
Total Internal revenue collections
MJuetjBent to budget receipts

BuSgst receipts from internal revenue 2/

Internal Revenue Service for collections by type of tax; Dally
Treasury Statement for budget receipts from Internal revenue through
the fiscal year 1953, and the r.ev "Monthly Statement of Receipts and
Expenditures of the United States Covemment" for receipts thereafter. Certain detail by type of tax Is available only In Internal
Revenue Service reports,
D.r''erence3 in the amounts reported for a
given period by the two sources arlss because certain taxes are paid
ciirrently into Treasury depositaries, and the depositary receipts,
as evidence of payment, ore attached to quarterly returns to the
Internal Revenue Service, These deposits ore Included currently In
Treasury reports of internal revenue receipts but ar? taken Into the
acco-ints of the Internal Revenue Servl-w after the returns are filed,
1/ Excludes collectlr'ns for credit to -^rteln tr-jgt accounts for Island
pofsesalonsj includes corporation IncoTS t&y. or Alaska Railroad
(repealed by Public Uw 3«6, approved June 10, 1952, for taxable
years ending after that date),
2,^ Includes excess profits taxes on .\ray and Ma'ry contracts imposed by
the Vinson let as amended (34 'f.S,n, ',9'S), and Income tax on b«J3lne3s
Inco-ne of exempt organltatlnns liiposed by the Revenue Act of 1951,

51,l»36

'•9,923

£20,339
90,799
112,892

23'*,659

l»75,"»66

1»96,009

approved ilctober 20, 1951,
Includes old-age Insuranoe tax on self-employment Incone, imposed hy
the Social •Security Act Arondments of 1950 {Public law 734I, "pproved

39,036
209,256
79,891

2,283r
l6,237r

-15
-553

110,llt9

8,885r

-1,662

1*38,332

3l4,698r

-1,99't

78,i»73

78,130

73,885

5,515r

'»17,9i»0

1112,508

3U,32i»r

310,337
26,881

357,933
28,378

275,17't

287,lto8

359, "173
30,106
21*6, 180

388,589

U9,6oU

33,063r
2,75*
21,66lr
32,789r

2U

330,817

10,368
312,831

'•5,'t89

l»6,691

33,592
3,597
18,823

36,829

It

6
929
17,957
7
15,091

10,

3, "til

16,505

915
15,205
29
7,138
5,3*5
1,261

235

7,29^

395,l»3'>

396,519
9,318
271,952
38,312
31,978
3,233
1U,610

3Wr
25,889
3,590
',it2lt

327
1,579
-3,111
Ul
-*5

471
1*7

3*2

1*00

988

1,00*

2li7

259
*

12

918
16,190
8

70,1*32
7"i,008

3

1,060

-U

1
129
77*
3,365

1,225
876r

6*7

19,056
9,558
3,505

1,9'»7,3U

2,061,138

1,937,323

l68,130r

150,787

9, 80*, 112

10,837,375

10,*52,265

913,722

63*, 306

65,009,393

69,686,509

69,919,901

8,660,088

9,U9,538

10,"»75

53

•»625,502

•12**, 1*5

4*09, **8

+1,*57,107

+1,868,067

65, 63*, 89*

69,930,655

70,329,3*9

10,117,195

10,987,605

Source;

V

95,750
115,677

^
5/

i/

2/
2/
2/

August 28, 1950. The tax Is levied and collected as part of the
individual Income tax beginning with the taxable yees 1951, For
estimated fiscal year breakdown, see Table 1,
Beginning January 1951, withheld income tax and social security
employnent taxes on employers and employees are paH Into the
Treasury in combined amounts, pursuant to the Social Secirlty Act
Amendments of 1950, For estlneted fiscal year breakdown, see Table
Collections In fiscal year 1954 are not comparable month by month
with those In the prior year because of the Institution of
Tiart,erly returns with credit against them of receipts for Interim
payments ^lade directly Into GoTemment depositories (see also
S't)»Arce note),
Repealed, effective Vm'ember 1, 1951, by Revenue Act of 1951,
Beginning July 1952, lncl"ded with other rep-al-d 'ires -mder
"HlscellareCT.'S taxes",
Effective Vo<,enher 1, 1951, ""der Revenue Act of 1051,
Applies to dleael oil njed In highway vehicles; effective
Nm'emher 1, 1951, under Re-'enue Act of 1951,
Mew reporting basis beginning with the fiscal year 1954; for
explanation, see page A-2 In the April 1954 Issue of the "Treasury
Bulletin".

•

l£33 than $500.

r

Bevieed

1,

...

U

,,

U6

Treasury Ballet ii
.MONETARY STATISTICS.

Table 1*- Money In Circulation
(In mlUlaQs of dollars except as noted)

Paper money
EDd of fiscal
year or month

19*6

Total
money In
circulation 1/

Total
paper
money

Gold
certlfIcatea
2/

28.2*5
28,297
27,903
27,*93
27,156

26,9*5
26,9*2
26,*a2
26,03*
25,661

1953
195*p

27,809
29,026
30,125
29,903

26,231
27,3*8
28,359
28,109

39
38
37
35

195a-Doc ember.

30,*33

28,683

1953-July
August. ..
September

30,120
30,2*8
30,275

October,
Hot ember.
December.
195* -January..
February.

TrettBury

SllTer
oertlf-

notes
of 1890

IcateB

United
States
notes

Federal
Beserve
notes

Federal
Beserre
Bank
notes

y

HAtloaal
bank
notes

y

2,025
2,061
2,061
2,061
2,177

317
320
321
319
321

23.973
23,999
23,600
23,209
22,760

*6*
*06
353
309
27*

11*
106
99
93
86

318
318
318
320
31*

23,*56
2*, 605
25,609
25,367
25,9*1

2*3
221
200
180
210

81
77
73

37

2,092
2,088
2,022
2,13*
2,105

28,351
28,*70
28,*83

36
36
36

2,107
2,106
2,100

317
319
316

25,618
25,738
25,762

198
197
195

73
73
72

30,398
30,807
30,781

28,596
28,992
28,968

36
36
36

2,098
2,220
2,100

316
321
316

25,879
26,2*9
26,253

193
192
190

72
72
72

March ....

29,981
29,90*
29,707

28,S06
28,13*
27,931

36
36
36

306
309
312

29,735
29,870
29,903

27,951
28,083
28,109

36
36

315
321

25,587
25,*90
25,257
25,239
25,338

187
186
185
183
182

71
71
71

April....
May
June p . ,

2,017
2,0*1
2,070
2,107
2,135
2,13*

320

25,367

iBo

70

19'>7
19'^8

19*9
1950

1951
1952

Old of fiscal
year or month

50

*8
*5
*3
*1

35

70
75

70
70

Money in
circulation
per capita
(in dollars) 5/

Total
coin

Staodard
silver
dollars

1,300
1,355
1,*21
1,*59
1,*96

1*0
1*8
156
16*
170

8*3
876
919
9*0
965

317
331
3*6
355
361

1951
1952
1953
195* P
1952-Dec ember.

1,578
1,678
1,766
1,796

180
191
202

378

180.17

393
*13

2U

1,020
1,093
1,150
1,165

*18

18* .90
188.72
18*.

1,750

199

1,1*1

*lo

192.07

1953^«ly
August . .
September

1,769
1,778
1,792

20*
205
207

1,151
1,156
1,166

*1*
*16
*19

188.30
188.78
188.65

October..
Not ember.
December,

1,802
1,816
1,812

207
208
210

1,17*
1,185
1,179

*20
*23
*2*

189-12
191 .*o
191.06

195* -January,,
February.
March ....

1,775
1,769
1,776

208
209

1,1*9
1,1*6
1,152

*18
*16
*16

185.8*

April,...

1,783
1,787
1,796

209
210

1,158
1,160
1,165

*1T
*17
*18

183.58
18k. 17

19*6
19*7
19*8
19*9
1950

,

M«y
June p

.

Subsidiary
SllTer

209

2U

Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury, money held by or for the account
of the Federal Reserve Banlcs and agents, and coin estimated to be
held outside the continental limits of the United States. Includes
paper cxorency held outside the continental limits of the United States
2/ Cold certificates were wlthdrann frcm circulation In 1933-

Minor
coin

199.76
196.33
190.31
18* .33
179.03

1^.12
183.65

18*.

^

Treasury notes of I890 In circulation are being canceled and retired upon receipt by the Treas\iry.
Federal Resorre Bank notes and national bank notes are covereA by
deposits of lawful mcaey and are Is process of retirement.
Based en latest populatlcn estimates by the Bureau of the Census.

p

Preliminary.

i/
*/

\iii/ijsr

^7

l'}y-t

.MDKETARy STATISTICS.

Table 2.- Monetary Stocks of Gold and Silver
(Dollar siBouata in mlUloos)

End of flecol
yeax or moQt^

Gold
($35 per
fine ounce)

Silver
($1.29+ per
ftna ounce)

6

....

3

hs

5
7

3

Treasury BuUetir
.

MONETAE Y STATISTICS.

Table 4.- Conip>onents of Sliver Monetary Stock
(In millions of dollars)

Silver held In Treasury
End of calendar
year or month

SecuriJig silver certificates l/

Sliver
bullion 2/
W"*?

Silver
dollars

Silver outside
Treasury

In Treasurer's account
Subsidiary
coin 2/

Bullion for
recolnage J*/

Bullion
at cost

Total
silver
at $1.29+
per fine
ounce

Silver
dollars 1/

Subsidiary
coin
928.7
971.5
982.2
1,022.2

3,5'»7.9

3,71*1.3
3,79l'.l

3,818.3
3,820.8

^

337.2
328.1
321.9
312.8

13.1
5.9

91.12/

11.1.

1/
95.1 2/

156.3
165.0
171.0
179.8

301.0
289.3
278.3

1.7
3.9
6.3

82.0 2/

191.3

'•5.3

202.5
213.2

1,083.1
1,153.1
1,213.1

33.9
31.8
32.0

207.0

1,181..

208.1.

209.9

1,187.3
1,195.2

1,201.5
1,207.7
1,213.1

3,a26.'i

1,213.1.

3,81.0.^
3,81.3.6
3,81.8.0

19l'9

1,937.6
1,971.5
2,003.2

1950

2,01*0.7

1951
1952
1953

2,073.5
2,109.7

1?53-July
August. .
September

2,128.0
2,130.3
2,132.7

281..

283.1
281.6

13.3
16.9
11. 1.

October
November
December.

2,135.3
2,137.9

281.0
279.1
278.3

9.2
5.5
6.3

31.5
31.8
30.7

210.5
212.5
213.2

-January .
February
March

2,1'*3.9
2,1''5.9

278.2
278.1
277.9

9.6
23.3

2,lU8.;

1.1..7

29.6
25.9
19.9

213.1*

1,213.2
1,213-3

2.151.U
2,153.3
2,157.6

277.5
276.8
275.9

55.8

13.7

213.7

1,211.. 3

3.850.6

60.1.

11.1.

211..

1,215.1*

3, 851*.

.8

13.7

215.1

1,221.0

3,863.1

19I18

2,ll>0.8

,

.

.

.

I95I1

,

.

AprU
May
June
Source:

i/
2/

2,li*0.8

89.3 2/
91*. 1.

3.6

51.

Circulation Statement of United States Money; Office of the
Treasurer of the United States,
Valued at $1.29* per fine ounce.
Includes silver held by certain agencies of the Federal Government.

30.7

i/
k/

Valued at $1.38+ per fine
Valued at $1.38+ per fine
to whether the bullion Is
coins or for recolnage of

213.2
213.3

3,596.7
3,61*3.1

3,697.1

3,337.0

3, 821*.

3,332.7
3,837.0

ounce.
ounce or at $1.29+ per fine ounce according
held for recolnage of aubeldlaiy sliver
standard silver dollars.

.

\u(n(sf iVT-f

Treasury Bulletin

50
.EXCHANGE STABILIZATION FUND,

Table

K-

Balance Sheets as of June 30, 1953, and March 31, 1954
March 31, 195^

June 30, 1953

Caah:

Treaaurer of the Ifiilted States, checking account
Federal Reaerre Banlc of New York, special account.,.,
DlBbursing officers' balances w n^ advance accounts...

$207,36U,83U.89

6,595,'*50.83

27,81*6,530.97

212,731,675A3

3,965.01

l,i»77.2'»

Total cash.
Special accounta of Secretary of the Treaaury In
Federal Heserre Bank of Hew York:
Special account No. 1, gold
Ihie

from foreign hanks (foreign exchange):
Indian rupees
Pakistan rupees

Accounts receivable
]At«rest piiralLas«d

Total assets
capital:

11,755.33
1,151.33

123,^97.98

Total accounts payable
Reserve for expenses and contingencies (net).
Capital account
Deduct - Subscription to International Monetary Fund..

69,56^,768.90

20,000,000.00

Accrued interest receivable

azvi

57,971,871.12

61,978.7^

Investments In United States Government securities

Accounts payable:
Vouchers payable
Eliq)loyeee» payroll allotment account. United States
savings bonds
,
Ihie on purchases
Miacellaneous

219,328,603.50

6l,978,7U

Total due ftxm forel^ banks

Liabilities

$235,215,330.87

2,000,000,000.00
1,800,000,000.00

Net Inccme (See Table 2)
Total liabilities and capital.
Note: Annual balance sheets for fiacal years 193** through 19l*0 appear in
the I9U0 Annxial Report of the Secretary of the Treasury aai those for
succeeding years appear in subaoquent reports. Quarterly balance sheets

\iii/iisr

/9T-f

.EXCHAWSZ arrABIUZJCTION FUKD.

Table 2.- Income and Expense

Jannary 31, 193^, tiiToi^
June 30, 1953

ClasBlfloatloD

itnaiarj 31, 193% throagh
31, 195k

Ijicciae;

Prof Ita OQ British 8t«rliJlg tmnsoctlooo

$310,638.09

Prof Ita on Freoich fraac transactlcois
Proflte on gold.

buUloQ

(Includijle prof Ita f3xaa htmrfUng cbangeo on gold).

Prof ItB cm other gold aad exchange treosactlonfi
Profits en sllTer transactiaos
Profits

GBi

eale of allTer

,

,.....,

huUlon to Treasury (nationalised}

Profits on InrestiBente

,

Intaireat en Inres^nanta

HlBcellaaeous proflte

310,638.09

351,527.60

351,527.60

56,'t52,ll'».97

57,815,838.58

19,1611,525.110

^9, 623, 509.69

102,735.27

102,735.27

3,'t73,362.29

3,'»73,362.29

1,876,790.55

1,876,790.55

8,698,066.89

9,082,962.99

86l,5W.95

861,5116.95

2,3119,683.19

2,9k3,'»33.19

1,975,317.07

1,975,317.07

126,116,308.27

128,1117,662.27

10,093,183-99

ll,067,791.'i8

500,9lW.85

532,12li.lU

Transportation of things

686,263.87

706,667.90

CoBBDjnlcatlQnB .,.,.......,..........,.,.....,.,,,.,..............,.......,

575,885.011

588,767.51

Interest earned en foreign balances.....

•.•...•...•.•.•...•.•........

Interest earned on Chinese yuan

Total Inocne

Szpense:

Personal serrlcee

,.,.,

Trsrel

Supplies and naterlals

Other
Total expense

Net inccane

•

,...,.,.,

107,177.20

111,697.72

I,'tl3,l63.20

1,1198,859.06

13,376,6l».15

l'i,505,907.8l

112,739,69't.l2

113,911,75k.'i6

Treasury Bulletin

52
.CAPITAL MDVH>!ERTS.

Data relating to capital movements between the
Dnlted States and foreign countries have been collected
since 1935, pursuant to Executive Order 656O of January 15,
igjll,

Executive Order IOO33 of February

g,

19'*9,

and

by periods and by countries and present detailed breakdowns'
of the latest available preliminary data.
|

Section IV provides supplementary data which appear

Treasury regulations promulgated thereunder. Information
covering the principal typea of data and the principal

at less frequent Intervals.

countries I3 reported monthly, and is published regularly
Supplementary Information 18
in the 'Treasury Bulletin".

June 195'+ Issue of the Bulletin,

Reports by banks,
published at less frequent Intervals.
bankers, securities brokers and dealers, and Industrial
and commercial concerns In the United States

Eire

made

Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury.

Beginning April I954,

data reported by banks In the Territories and possessions

The five tables Included In

this section, under the revised presentation begun In the

and the dates of their

1

1

i

Table 1.-

Short-term foreign liabilities and claims

reported by nonflnanolal concerns
quarterly beginning July 195**

-

published
previously

published October I949 and I95O, July I95I, 1952,
and 1953.

of the United States are Included In the published data.

Long-term foreign liabilities and claims
reported by banks and bankers - published quarterly

Table 2.-

The term "foreigner"

as used In these reports covers

all Institutions and Individuals domiciled outside the
the
United States and Its Territories and possessions,

official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.

"Short-term" refers to original maturities

beginning June

195** -

previously published December

1949 and 1950, June I95I, 1952.

Table 3.-

and I953.

Estimated gold and short-term dollar re-

sources of foreign countries - beginning June

195'*.

published quarterly.

of one year or less, and "long-term" refers to all other

maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June

195''^

Issue of the "Treasury Bulletin",

pages '*5-'*7As a result of changes In preeentatlon
Introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.

Table

•*.-

Foreign credit and debit balances In

brokerage accounts

-

to be published

semiannually

beginning September 195"* - published as part of
regular monthly series through May 195'*-.
Table 5.-

Short-term liabilities to foreigners In

countries and areas not regularly reported separately

The first three sections which follow are published
monthly. They provide summaries of the principal data

1

publication are as follows:

by banking Institutions - published annually

April 1950.

since

'

Aiu/i(.<r

5?

I'n4
.CAPITAL MOVH>!EMTS.

Table

1.(

Section I - Summary by Periods
Net Capital Movement between the United States and Foreign Countries

In BlllloM of dollars; negatlTe figures lodlcaU a aet

i/

.

5

S

.

Treasury Bulletin

d^

.CAPITAL MOVBffiHTS.

Table 3.

Section I - Summary by Periods
Purchases and Sales of Long-Term Domestic Securities by Foreigners

-

(In millions of dollars;

negative figures Indicate a net outflow of capital from the 'Jnlted States)

U.3, Government bonds

Sales
1935-41
1942
1943

19U
1945

Corporate and other

and notes 1/

Calendar year
or month

Bonds 2/
Net
purchases

Met
purchases

396.8 2/
164.2
241.3
513.6
377.7

492,4 3/
133,5
170,6
263,2
393,4

4U,5

-269,7
61,5
-47.9
96,4
942.1

2/
2/
2/
2/
107.7

103.3

-95.7 i/
25.7
70,7
245,3
-15,7

2/
2/
2/
2/
2/

2/
2/
2/
ZJ
21

Purchases

Sales

Total
sales

V

-411.4 1/
20.9
-43.0
-34.6
-97.4

9,322.1
260.6
392.9
650.4
637.9

8,695.3
214.0
365.2
439.7
751.0

-1U,1

732.1
570.9
652.2
784.1
2,011.1

1,116.3
659.9
344.4
703.9
1,066.6

-334.2
-89.1
-192.2
75.2
944,4

2/
2/
2/
2/
2/

430.2 J/
96.4
151,6

2/

367,6
226.1
369.7
354.1
666.9

432.1
376.7
375.3
664.0

-64.5
-150.6
-144.3
-21.2
2.9

619.5
649.2
533.9

120.3
1.0
55.2

1,533.3
1,384.0
1,447.9

2,117.6
1,069.0
1,459.4

-534,3

92.8
79.7
111.3

130.5
76.5
161.5

-37.8
3.2
-50.2

77,

79.5
99.1
256.7

-1.9
-4.6
9.8

109,6
185.6
117.9
126.5
isu.e

-7,2
-21.2

U6.9
260,2

841.6
75.5
194.6
171.4
357.7

1946
1947
1943
1949
1950

344.8
282.4
430.0
1,236.4

684,2
283.3
330,3
333.6
294.3

1951
1952
1953

673.6
533.7
646,0

1,356.6
231.4
723.0

-683.0
302.3
-82,0

120.0
200.1
212.8

141.6
188.5
197.4

-21.6
11.7
15.3

739.3
650.2
589.1

36,6
30.1
43,1

82.3
29,3
116,4

-45.7

August. . .,
September.

19.6
3.1
27.3

15.9
9.5

U.4

3.6
-1,4
13.4

36.6
41.5
40.4

32.3
37.7
30.8

4.3
3.8
9.7

October...
November,,
December,,

24,4
37,0
191.1

28.8
38,6
192,6

-4,4
-1.6
-1.5

U.5

-2,7
-8.1
8.4

38.8
44.6

33.6
39.5
47.1

5.2
5.1

25.3

17.2
20.9
17.0

1954-January..,
February ,
March....,

33.7
87,4
55.0

38.0
99.9
22.1

-4.3
-12.6
32.9

22.1
17.3
21.9

25.9
22.0
21.0

-3,9
-4.3

46.7

.9

76.0

65.2
87.3

30.0

35.2
-1.2

SO.l
17.9

20.lt

-.2

20.0

-2.1

91.9
9Z.9

1953-July

April p.

XtV t...

88.l>

,8

-73,3

12.

2/
2/
2/
2/

2/
2/
2/
-.6

i/ Through 1949, includes transactions in corporate bonds,
2/ Through 1949, included with transactions in U, S, Government bonds
and notes.

Table 4.

-

Net purchases of
domestic
securities

Total
purchases

Net
purchases

50.1

59.3

5U.1

94,
266,

3.0

45.7
63.7
74.8

1.0
-4.4

102.4
164.5

-1.3

ia.o

76.1

15.8
16.5

177.2
198.0

76. Ii

626,7
46,6
27,3
210,7

3U,9
-11.5

35.1
50.7
13.2

2/ January 4, 1940, through December 31, 1941; the breakdown between stocks
and bonds is not available for earlier years,
p Preliminary,

Purchases and Sales of Long-Term Foreign Securities by Foreigners

(In millions of dollars; negative figures indicate a net outflow of capital from the United States)

Foreign bonds

Calendar year
or month

Foreign stocks
tfet

Sales

1935-41
1942
1943
1944
1945

446.4

1946
1947
1948
1949
1950
1951
1952
1953

n.a.
n.a.

purchases

Sales

Net
purchases

Total
sales

Net purchases
of foreign
securities

4,003.2
220.5
469.6
340.9
355.4

3,152.6
227.9
391.9
247.4
402.1

855.5
-7.4
77.7
93.5
-46.6

821.2
715.9
293.3
410.1
763.0

556.1
676.3
333.2
332.3
903.4

265.1
39.0
-94,3
27,8

1,U9.7

Total
P'orc bases

318.1

372.2
225.3
347.3

n,a,
n.a,
74.2
89.0
-29.2

23.3
26.6
37.3

19.8
22.1
54.8

755.9
658.7
211.6
321.2
589.2

490.4
634.3
291.4
311.5
710.2

265.5
24.5
-79,8
9,8
-121,0

65.2
57.1
31.7
88.8
173.8

65.6
42.6
96.7
70.3
198.2

500.4
495.3
542.5

301.0
677.4
621.5

-300,6
-182,1
-79,0

272.3
293.9
310.1

348.7
329.6
303.4

-76.4
-35.8
6.8

772.7
789.1
852.7

1,007.0
924.9

-377.0
-217.9
-72,2

1953-July
August. .
September

46.2
20.0
23.2

50.3

-4,1
2,1
6,3

21.1
18.5
16.3

2,0

17.9
16.9

7,7

69.3
38.6
47.1

71.5
36.4
33.1

-2.2
2,2
14,0

October..
November.
December.

83.9
34.6
39.5

120.6
79,6
64.0

-36.7
-45.0
-24.4

34.5

18.4
25.6
30.9

106.9
60.2
74.0

139.0
105.1
94.9

-32,0
-45.0
-20.8

58.6

234,4
35.6
82.6

-175.9
29.1
-35.8

28.1
26.9
32.6

26.9
38.9
41,6

261.3

79.9
85.7

-27.7

31.0
29.5

56.1

1954-January,,
February,,
March,,.,

April p..
P

Itaor

n.a.

P

Not available.
Preliminary.
less than $50,000.

3U.3

61(.8

K.8
52.3

37.1

U.3

ItS.l

n.a,
3.5
4.5
-17.5

,1

4,7

3.6

-U5,4

1,2

86.7

-12.0
-9.0

91.7

7'*.

79,'»

12k .1

-174.6
17.2
-W..7

-lU.O
-26.6

83.3
66.5

125.0
81.8

-15.3

-Jtl.7

\ii(/(isr

55

l'>^4

.CAPITAI, MOVEMENTS.

Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Foaltloo at

Calendar
Country

1950
Europe:

Austria
Belgium
CBechoelorakia
Denaark
Finland

'•1.9

128.2
5.6
l'5.5

18.3

260.7
221.6

France
GeiBany, Federal Pepubllo of.
Greece
Italy
Retherlands

32.3
31^-7
193.6

Nonray
Poland
Fartugal

1.3.6

Pmanla

6.1
21.3

It .2
'•5.7

Spain

U5.3

Svaden
SvltKerland
Turkey
U.S.S.B
Iblted KlngdoB

553.0
.3
it.O

J''

656.6

YugoelaTla
Other Europe

2l«6.8

Total Europe

2,986.3

13.2

Canada

899.0

Latin Aaerlca:

Argentina
BollTla
Braill
Chile
ColOBbia

301.8
20. Il

226.0
79.5
53.".

Cuba
Dominican Repuhllo
Guateaala
Mexico
Netherlands Weat Indies and

259.1
't2.7

25.'*

207.1

SurlnajB

30.2

Fanaaa, fispuhlle of
F«ru
El Salrador
Uruguay
Veneiuela
•
Other Latin Anarica

59.2
60.2
16.1
75.1
85.2
71.3

Total Latin Aaerlaa

1,612.9

Asial

China Mainland
Foxnoea
HoDg Kong
India
Indonea la

}

.,,.

Iran
Israel
Japan
Korea, Bepubllc of 2/
Fhilipplnes

mallBDd

^-^f
86.1
55.7
Ult.7
20.3
12.6
'158.5

19. »
37'*.'*

1(8.2

Other Asia

92.5

Total Asia

1,361. .2

Other co\Bitr lee

Australia
Belgian Congo
Egypt ami Aaglo-l^yptian St^Uui
Uiion of South Africa
All other
Total other countries

Intematloaal
Grand total

19.1
58.1
75.6

w.o
57.7
251..

jnvn

snii

of period In mlllians of dollars)

1/

.

Treasury Bulletin

56

.CAPITAL MOVIMENTS.

U

- Summary by Countries
Section
Table 2.- Short-Term Banking Claims on Foreigners

^

(Fcaitlon at and of period In nllllooa of dollars)

Cowitrj

1/

2/

Tar an explanation of changes In prvsentatloD, see headnote In this Issue and
In tbe Jtme 19^ "Treasurr Bulletin"
fitoludes clalne of $9*6 million held hy U. 8. hanjm prerlousl/ required to
report but exiapt fro« reporting as of Manh 31, 195i.

Not reported separately prior to March
Less than $^,000.
FrellMlnaiy.
Rerleed.

19?lt.

,

\iii/i(sr

57

i'VT-f

_CAPITAL MOVQtKNTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Temi Domestic Securities
(In thouBandx of dollars; nagatlTo fl^urae Indloate net maXee bj farelgnars or a net outflov of capitAl

Calsndar jears

i/

tnm

the Q^iltod Stat«s)

195k

1953

Coimtrj
1938

1950

1951

I8,lt35

-U,876

12,611

5,655

7«bruax7

January

I>aceab*r

1953

April p

Jtaropa:

Auatria
Solgiim
Cseohoelorakla.

*21
-*88
11

-7,099
-16

-16,167
-30
*o

-*8l
-21,319

-50
113
-1,1**

-2

*5
-2,0*2

-2,881

5,978

-*,5*2

57*

-70

136

*1
631
a
-925

55

-16

-1

2*5
29
-18

133

-89

23

-1*6

38

139

99

-328
1,200

-320

-1*0

23

1,U9

78

3

-*

7

2,259
129

70
10,5*3
2*5

25,732

9,0*6

6,089

9,17*

*,995

llOl

*8

28

-80

-29

197,765

5,969
-12

60
-732
-6,327

I.

5,*60
15*
551
*90
-21,9*3

-*1,668

It86

Borva7
Poland
Portugal
Rtaanla
Spain

Svadan
Svltzerland
Turkey

36,722
62

-*79
-925

.

D.S.SJ

-38,103
138
201

56

-9

1,056
27

-58

-32

1,921
-22,17U

-210
86*

82
992

-U3

Donnrk
Finland
France
GeTBany, Federal Bepubllo of.
Oreeoe
Italj
Metherlande

-12

11
382
-18
*57
510

1,813
-581
2
1,800
963

*19
1
*91

183

21

-1,050

28

19,00l»

1*5,897

570
50,729

1

81*

63

-521
57,086
-*5

70,*31

71,258

370

736
i.ceo

-U8

30
12*
-10
82

28
21,379

-uo
-16
-376
-3,66*

26

1,535
1*
9*
37

36,06*
16
20
8*
-*,615

-33
-2

-8

-9

-103

-11.9

Elngda

63,981

21,369

Tugoalsrla...
Other Europe.

-155
8,25*

-313

-3

-1*

287

-1,798

-1,373

-1*3

255

-1*9
-371

77*

*55

Total Europe.

31*7,1*93

9,21*5

111,*67

62,323

28,550

2,066

-11,059

30,221

*9,736

1158,236

-595,'*95

191,6*7

-120,617

-17,*1*

-6,820

-6,736

-307

-5,150

Argentina.
BollTla...
Braill
Chile
ColcBbia.

-1,389

-962

U9

100
*0

*I2
-836

638
1,115
-1,519

216
38

-1,589
-9
-*e
180

-102
1
-19*
-77
33

-107

338
1,550
637

1,268
358
281

1,138

83

139
-21
-11
372
-52

Cuha
DoBlnlcan Republic
Guatemala
Mexico
NetherlaodB W, Indlee & Surinan

21»,61H

170
*09
6
2,592
*36

19,385
-1,029
-1,170
-886
873

2,**5

-1*3

-786
121

76
-389
20

*71
-3*
-628
-305
-1,59*

Psna&a, Pepuhlic of.
Peru
El Salvador
Uruguay
Tenet ue la
Other Latin Anerlca.

89
373
10,893

-6,532
96
65

-36*

88

*e

-67

-16
6*0
-38*
389

21
613
12
-*03

Total Latin Africa.

30,

Italted

Latin Anerlca:

-lOlt

-710
-1,150

213
IS*
lt8o

-356

510

6,051
1,785
-1*25

2,501
3,066

-83

-52

-1*

267

-*3

176
388
-*6

13

-288
-153

-525
-100

1,617
-67
9
316
-*07

-5,01*8

-10,921
2,558

1,068

1*,213

871*

2,309

2,680
1,59*
1,687

-2,*2*
66*
21
3,*50
1,**3
3,0*1

Ul

13,890

*,686

2*,859

2,72*

-3,306

-2,9*7

3,220

3,3*3

-98
-203
1,313
*2
-69

-153
853
-1,*32
1*1
-*9

-25
-*08
*

17
-19
-33*
1
-21

-86
-89

2*6

-175
-151
663
20
-31

-59
207
*8*
7
23

101
5*3
*91

-57
-9*

761.
-81.

698

-38*
-172
3,663
-37
*60
612

351
168
*02

-2,8*3
87

31
33
-510

538

-U

Aala:

China M«1nl«rwl
Foraoaa
Hong Eong

IMla
Indonaaia
Iran
larael
Japan
Korea, Republlo of.
Fhlllpplnea

ThaUand
Other Aala

-2,963

-153t
2,337
-317
-267

7,01U

15
-1,552
-13,696

160
-2,283

-61.8

252

1''3

2/

2/

-7

-1
11

-13

3*3,
2/
-179

-19

2/

18
2/

-503
-1
-1

3

-7
121

3*
-202

2/

875

-2,068

-U,*22

-21

13

-1

1|

1*9
-382

-180
877

-10
-30

-25

93

3

2*7

1,737
599

59

122

-152

-15,317

".,753

-9,535

70

-529

-281

-106

-88
71
156

-359
2

99
1*
123
-903
-222

-58

11.

-36

-66
-1
-17
*7

32
-1

-95*

5
-*2

951

295

-889

859

258

-10

28
2*5
7
35
-26
-13*

817

Other countries:

Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
tblon of South Africa
All other

U5

228

2,1*33

-11*

-*99
1,021
1,770

Total other countries.

2,687

-7**

1,935

2

-6
-17
-6
700

991

15
23
1
-37
1,390

690

-997

1,392

1,361

Inteznational

121,220

-15,938

1*,7**

22,7*1

-*,*12

853

653

52*

638

Grand total.

9l*l',l'30

-56*, 269

31*, 9**

-11,513

9,778

-7,230

-21,192

35,052

50,7*5

i/

For an explanation of changes in preeentatioo, aee headnote in this issue and
In the Junel95* "Treasury Bulletin".

2/
p

Hot reported aeparately prior to March 195*.
PrellBinaxy.

.

..

Ireasurij nulletin

58

.CAPITAL MOVIMEMTS.

Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities
(In thonaasds of dollars; oagatlra figures Indicate net aalaa

l>7

1/

fonl^neora or a nst ontflo* of capital fron tba Oiltad Stataa)

Calendar jeara

195^

1953

Coiinti7

1950
Europe:
Auetrla

77
2,167
21
3,228
169

Belglm
Csachoelorakla.
Danaark
Flnlaikl

1951

,

Franca
Geraany, Federal Republic of.
Graeoa

-1,281
-*31
10

1952

5lt9

3,818

-303
-25

3,5U

1,995
1,489

-28

-U

5,256

5,309
58

12,004
2I17

4,904
-506
40
1,170
-8,702

98
-4,133
13

1
725

293
106

2,270

8,051

53

1

5,395
-162
50
3,143
-6,091

308
-58
10
557
-2,083

255
155

1,345

2,0li8

-364
-318

-17

286

-'',721

26
1,167
2,773

Rorva7
Poland
Portugal

3,255
-6
-1,293

3,312
-8
-3,421

871

9,209

67
4,706

-599
17,183
50
5
-6,128

961

-163

llt,2l.5

8,734
6

riMiiiila

Spain

Smden
Svl tsarland ....
Turkey
U.S.SJ)
United ElngdcB.

-1
-363

F9bmarj

356

Italjr
ITettaerlanda

1)96

Jansary

1953

47
-6
-2,047

-4,398

March

April p

65
-%30

974
1

3,139

152
60

-833

-225

23

919

-1

401
-892

99
-4,085

-147
-6,4*3

-12
86
-11,285

25

2,217

2,583

3,285

5,849

108

-52

81

-31

-k6

207

U

-26

91

-4

-10

282
37,304
-18

-239
1,396
-18

-58
2,071

-885
105

31
205

-6

-5

-125
7,555
-15

4,454

1,548

3,501

105

6I1O

2,773
121
822

-4,107

-73

-33

-It

-53

.

-135
502

-19
806

752

37,051
-1
1,131

1,025

12

Total Europe . .

13,W»0

28,500

19,939

96,259

4,671

8,888

10,690

8,321

-5,899

-189,968

-258,567

-141,019

-137,761

-23,312

-95,335

8,034

-55,158

-37,136

597

-1|20

U6

134
7,054
5,388
5,239

78
6,984
2,163
1,714

501
54

7,189
1,562
1,245

-16
17
1,797
170

78
17
573
-56
31

-75

50

337
99
-334

137
23
564
l4l
535

1,281
236
66
3,964

5,239
48
168
4,296
1,115

3,089
-1,007
127
5,354
515

-58
-W.1

1,250

-157

5
115
20

-58
1,988

3

3
3

-96
-75
57

197
79
1,400

209

5,571

TugoelaTla
Other Europe .

-2

Latin Aaerlca:
Argentina.
BollTla.
Brazil
Chile
ColOBhla.
.

7,511
2,660
1,916

Cuha
CCKlnican fiepubllo
Cuataaala
Mexico
Netherlanda V. Indies & Surlnaa
,

,

,

,

Pai

Bepuhllo of.

12,365

B
25
1,850
-2lU

734

60

5,298
-141
750
2,210
309
1,714

1,804

El SalTador
Uroguaj
Tenecuela
Other Latin Aaerlca.

729
-107
556
1,730
1,306
-1,209

775
145

5,065
340
2,137
1,633
496
6,299

Total Latin Aaarlca.

29,838

33,816

25,332

34,599

1,616

261

535

353
1

4

339|

Peru.

296
Wil
-50

-3

57

12

58

-5

62
-60
363
-1

55

-398
14
-38
-171
-116

-208

-66

35

219
-36
232
-236
11
kok

255
-368
418
56
799

79

1,285

1,742

36
-5

114
147

-241
15
-23
-73

93

260
81t

Aala:

China Mainland.
Fcraoaa
Hong Eong

IMla
Indonaala
Iran
larael

Japan
Eorea, Bepubllc of.

FhUlpplnea
nialland
Other Aala

1,168

8,681

-35

102
2

1,492
109
4,869

2,358
140
136

27
-51,346
-351

12

-46,757
9,782

25
-38,172

10
15
-37*
-13

^
2

S/

4,038^

2/

-45

14,324

281

-3

6,li84

-V9

104

4,320
1,272

972

-36,003

10,858

3,054
25
222
6e4
4,013

19

1
97

179

200

-12

2

It

66
-145

173

3

-3

21

-3,995
82

-2,168
-77

-1,715
-87

-7

-4

-1

-5,464
-241
2/

-2,702
61t

2/

21

-50

-130

5

434
501

-636

10

-43
-6^

-58
-70

-179
10

-10,042

-29,905

-5,370

-2,563

-4,768

-2,183

-1,966

2,519

25,959

1,431

9,276

1,091

788

-2

-n

-e

-1

1

-403
-5,413

16
-5,107
4,956

26

-1

501
121

-32
7
197

-8,U6e
-14

52

-84

126

245

:9_

Other countrlea:
Anatralla
Belgian Ccago
Egjrpt and Angla-EgTptlan Sudan.
[falcD of South Africa
All other
Total other oomtrlea.

Intematlonal
Grand total.

1/

U

-73

-7,083
185

9,280

3,898

7,938

5,981

25,813

2,053

9,446

-7,360

-3,567

-152,673

-118,067

-61,236

-499

-100,635

10,485

-l''5,38r

-376,989

-217,876

-72,231

-20,841

-174,628

17,160

For an explanation of ohai^ea In preee itation. Bee headnote In thia laeus ai^
In the June 195't "Traaaury Bulletin".

2/
p

831
-104

966

~~58"
-44,711

688
-41,683

lot reported aeparately jrlor to March 1954.
Prellitlnarj.

\(u;i(>f

59

r>^i
.CAPITAL MOVEMENTS.

Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of June 30, 1954
(Foeltlcn In thouaaztlB of dollarv)

aiort-teim llahllitlea pegrahle in dollars
Total
short-tent
liehilltles

CountX7

D.3.

Deposits

Short-term
liabilities
payable In
foreign
currencies

To all other foreigners

To foreign haaks and official institutions

TreasuZT
bills aoi
certificates

Deposits

U.S.
T^>easurT

bills and
certificates

Europe:

Austria
Bel^lUB

•

CzechosloraJila

Dnnaark
Fljilazid

Fronc*
OfTmenj, Faiaral BapuMlo of...,
Greece
Italy
Netherlands

Norway
Folaul
Pcortugal

•

Raunla
Spain
Sweden
Svl tierland
Turkey
U.S.S.B
United Kingdom

238,i»86

111,621
601
9e,689
Wi,295

237,060
62,859
283
82,122
1*1,788

't39,5M

38l.,53''

l,08li,922

1,081,685
106,153

113,975

1,424
42,591
318
9,429
2,406

45,100
6,500

4,166

133,705
695,000
23,000
258,789
129,374

9,729
78,275
206
33,396
11,105

53,387
3,186
7,821
30,666
27,532

48,882
3,137
6,616
20,291
23,294

3,315
8
1,205
8,983
4,069

1,190
41

58,137
1,752

41,258

4,5^3

48

1,124

27,154
428
25,757
1,306
9,351

24,000
404
25,742
1,306
9,225

2,159
22

59,1*10

995
2
15

113

13

22,114
107,146
20
97

6,914

824
5,812

U,050

118,042

396

33,669
253
36,829
31,122
21*1,100
308,1*10
82,91*7

2,191

47,806
26,999
30
193

l»56,6£9

1*25,956

272,332

21*1*, 75I*

131,165
2,182

103,938

86,3lt6

7,880
26,193

60,582
6,565
16,761

123,115
638,216
7,382
3,Ult
986,115

116,067
521,181
3,756
2,751
67U,110

3l«,085

46,681
71,950

3,736
2,654
290,700

363,952

19,'*58

3,595
363
281,844

6,086
98,789
3,595
363
163,406

5,893

3,784
135,523

637
11,069

637
9,670

l,75l»

2

1,426
48,504
318
10,517
2,507

189,251*

133,771
104,275

2

6,565
351

16,1*10
1*7,272

U5,651

2,236

3,677

485

603
101

1,392
169

4

Yugoslavia
Other Europe

1'35,91't

5,256
1*21*, 835

243,506

1,472
45,806

9'*7

452

Total Europe

5,308,606

l*,60l*,750

2,129,658

2,061,054

414,038

669,933

501,6U

148,220

20,102

1,320,013

1,038,1*92

320,662

689,164

28,666

265,730

216,589

'*7,096

2,045

176,739
31,356
96,125
63,650
232,639

133,867
17,515

131,'t99

218

2,150

42,834
13,841
55,432
38,038
56,226

42,697
13,825
55,157
37,964
55,828

121
6
100
33
301

16

3'i6,l»50

74,045
14,267
23,190

1,656
10
332
6,900
80

138

9,446

72,251
14,257
22,835
107,200
9,290
46,010
41,383
16,560
38,979
70,848
*0,399

2,744
156
155
4,285
1,464

9,513
4,142
40
2,995
752
51

18,348

18,209

1
27

772

Canada

Latin Anerlca:

Argentina
BollTla

BrazU
Chile
Colonbla

Cuba
DoBlnlcan Repuhllo
Guateaala
,
Haxlco
Setherlands V. Indies & Surlnaa.
Panana, Republic of
Peru
Zl Salvador

1*0,636

25,612
176,361*

55,8U6

272,1*03
'*1,579

V8,0l»0

2*, 850

201, U78

87,oei*

51,500

1*2,051*

87,383
66,553

26,392
20,870
25,026

17,508
32,992
23,131
174,757
153,596
41,451
17,625
85,446
28,571

7
7,644

2,481
1,607
113,800

5,500
10,725

28,U7

5,007
128
1,725
1,578
2,758

U4,245

Ib'uguay

1011,0514

Venszuela
Other Latin Aaarloa

218,013

61,81*8
11*1,092

U8

15,771

6,31*6

58,267
45,681
16,600
42,129
75,885
41,914

Total Latin Aaerica

1,955,'»71

1,230,367

1,026,677

164,434

39,256

722,040

685,483

36,107
39,738
73,106
91,297
59,156

28,738
35,958

27,933
33,795
26,567
85,562
39,962

553

2,155
355
170
12,100

252
8
8,325
1,762

7,369
3,780
37,783
3,114
1,657

7,369
3,779
36,984
3,114
1,657

7,765
2,796
16,313
1,380
19,560

7,765
2,790
16,224
1,380
19,330
3,412
34,734

1*1,626

91,235

20,796
6,851
56,152
141,067
67,

18,000
420

275
74
175
5,276
25

10

175
36
97

23
l'*5

76

Aala:

China Mainland
PonK>sa
long EoBg
India
Indonesia
Iran
Israel
Japan
Korea. Bepuhllc of
Philippines

35,21*7
87,1*91*

57,1*99

3lt,02ll

26,259

28,873
615,036
105,868

26,01*8

598,716

26,203
25,734
564,693

10l*,l*fi8

103, 1*73

5,'>37

56
31'*

U,920

3

86

296,9113

277,298

260,941

22,103
1,000
3,035

Thailand
Other Asia

130,125

126,713

177,81>9

11*2,1*11

106,251
115,316

19,805
22,327

4,768

3,412
35,208

152

322

Total Asia

1,688,122

1,51*6,869

1,416,430

83,603

46,836

l'tO,137

138,538

499

1,100

1*7,980
63,61*9

1*4,1*80

1*8,777

78,972

18,600
32,095
27,200
22,900
420

3,129
4,305
219

97,371*

22,751
26,599
21,358
11,506
71,211

7,341

3,083
650
2,867
2,834
17,899

3,057
426
2,867
2,825
14,246

26

51,730
37,783

6
19

3,634

27,333

23,421

53

3,859

1,825,175

1,565,644

214,216

''5,315

Other countriea;
Australia
Belgian Congo
EtjTPt and Ai^o-Egyptian Sudan..
ttalon of South Africa
All other

Total other countries

Intematlooal
Srand total

62,999
31*, 1*29

15
13,322
657

23

298,516

269,657

153, 't25

101,215

15,017

1,632,973

1,632,971

71,420

1,556,661

4,890

12,203,701

10,323,106

5,U8,272

4,656,131

548,703

230

2
3

. .
.

;

.

Treasury Balleiin

60
.CAPITAL MOVIMEM'S.

Section III
Table 2.

-

- Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of May 31, 1954
(Position In thooaand* of doUUra)

Short-ten clnlaa pajabl* In foreign

Sfaort-tam claim pajaUa In dollara

Country

currencies

Collootlona
outstanding
for own
account snd
dcnestlc

Loans to

Total
short-tarB
cl&laa

Forol^
banks and
offlolal
InatltutlooB

Deposits of
reporting
doasstlc
cuatooara with
foreigners

CUBl

Snrope:

Austria

U5

ll»5

1*6

Belglv

15,221

ll>,520

761

3,538
1,56a

3, '•70

123
7

20
k,500

70
9,185

285

701

667

3,062
1,3*9

68
2

68
2

1,027
27,30*

1,652
8,108

325
7,905

*,53*
2,785

617
1,296

597
1,280

*05

87

87

CceohoaloTalEla.

Deoaark
f inland

1,560

Fraikcs

U,917

10,265

Goraanr, Tedarftl BepuUle of.
Greeoe
Italj
lether lands

56,976
1,919
lit, 350
8,776

W,868

1,280
31
595

lorwa^..
Poland...
Portugal.
Rumania.
Spain.
.

2
5,692

.

Svedsn
Svitcerland....
TBrke7
O.S.SJi
Ttalted EingdCB.
TngoslATla
Other Europe

.

.

Total Xurope

3,879
11,288

21

183

01*2

11.

301
37
751*

7,1*80

3,356
809

1,317
5,975
1,868
3,089

1*36

3,1*50

1,193

10

17

761
31

1,919
13,733

31
10

1*62

11*

U*

639

733

81*

2,57*

1,662

1,662

l>8l

2

2

11,030

1,918
10,698

1,619
7,lt57

167
1,721
1*8,515

1,269
1,519
653

299
3,2*1

1>9,196

18
3,720
28

165
*97

Il9,201

5

287
3,183
5

79,6Ua

17,712

2,285

3,270

2,836

9,321

61,930

56,21*

5,121
6,058

5,U9
5,737

5,056
276

2
3,579

61
837

1,0*5

27li,61i2

19'>,537

78,961

23,051

29,202

63,323

80,105

72,718

52,581

Sk.hltS

1,670

9,006

11,91.6

8,826

28,133

23,609

5,599
2,3U6
129,085
18,530
59,105

170

2,31*6

3

128,968
18,529
59,100

30,902
1,182
8,100

1,088
11
13,887

l»l*,3i0

55,929
2,Wt5
2,962
78,620
1,773

55,686
2,Wi5
2,962
77,729
1,773

38,03J»

2

2

321

320

Latin Aaerloal
Argentina.
SollTla...

BrarU
Chile
ColOBbla.

Caba
Ocalnlcen Bepublic
Gaatsaala
Mexico
latllerlands West lilies

Panaa

(>

Surlnim.

5,560

20

39

35

3,119
26,979

39,839
12,739
18,627

117
1
5

*3
1
5

10,203

3,630

2*3

218

U

3,819
321
39
7,522
320

31,91*

891

368

3,2*2
669
21*6

2,11*
8,828
2,188

1*86

28,

OU

1,1*89
5,391*

1*,282

2,332

2,121*
2,1*37

10,282
1,1*1.2

Republic of.

6,233
15,197
>t,08o

15,llt7
li,080

1,628

El SalTsdor
Qtuguaj
Tenetnela
Other Latin Ansrloa.

3,132

3,091

998

167

1,11*5

U7,681.

l>6,353

1*,285

9,801*

26,9l.l»

17,120

17,082

1,1*31*

1,102

W.9,860

Wi7,08l

115,21*1*

1*9,120

2,61>6

2,6I>2

2,618

5,515
3,390
5,078

5,515
3,276

5,1*58

1*0

1.

862

375

50*

2,1*73

2

1,'>35

1,1*35

766

2,039
2,029
669

15,308
8,761
36,578
108
10,ue6

15,308
8,760

1,1*19

36,1*82

5,673

Pen.

Total Latin Aasrloa.

China Mainland.
7orBosa
Bong Kong
India
Indonesia
Iran
Israel
Japan
Zoraa, Republic of.
Philippines

6,230

It,

13

50

*9

61
1,331
38

61
270

13,1.5*

87*
*,oe2
1,6*6
781
5,320
1,092

I6e,213

120,50*

2,779

1,08*

U*

11*
57*

3*

11

61
18,080

198
1,686
9,627

10,1*37

6,61*1

158

13,691
1,615
8,75*
108
3,638

5,673

l*,517

108

3

57*

5,398
21

1

96

1
92

*9

*o

Thailand
Other Asia

ig,?!!*

19,1*1*5

14,669

327

1,156
*,**9

69

66

Total Asia

llll,l»92

U3,585

57,561*

12,1*26

38,163

5,*32

907

891

7,708
7,081

6,W*0

167
20

36

1,268

1*50

U8

5,817

5,510
7,303

1,253
91*9

1,802

59*
109
*85
1,086

7
9

7,'>96

2,916
6,*08
223
3,772
3,*66

3,321

7,071*

It59

307
193

1,1*0
7
8
2*1
1*3

28,561

26,777

2,507

1,890

16,785

5,595

1,78*

1,539

87

85

806,515

256,031

95,1*93

251, 3U

203,680

113,708

99,8*1

Other countries:
Austindla
Belgian Congo
tgnt & Anglo-EgTptian Sudan.
Ublon of South Africa
All other

TotAl other countries.
International.

Orand total.

w
920,223

52

\ii(/i(<f

iVT4

61

.CAPITAL MOVEMENTS.

Section III

Preliminary Details by Countries

-

Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during May 1954
(

In thousanda of dollare

Ssles by forelgoere

Purchases by forelgoers

Coaxtrj

U.S.
Total
purchases Goremnent
bonds and
notes

Doaestlc securities

Foreign securities

Dooestlc eecuritlee

Corporate and
other

U.S.

Total
sales

GcTTenment
bonds and
notes

Europe:

Austria
BolgluH
C£«oboeloTakla

Denark
Finland
France
Q^Tmanj, Federal Republic of...
Greece
Italjf

3,200
6,li90

1,759
6

6,868

227

3

1,795

1,131

679

57".

7,107

2,266

13

226

1,292
3

1

369
19

59

5,205
85

2I>1

871

3

7".

1>

77
732

U38
2,809

206
1,060

809
8k
16
58
896

6,389

3l»

i,oe6
26,701

261

38

581

1,676
U
5*

10

80l>

223

2l>

395

26

31

189

3
33"^

279

173
53

779

Nether laada

5,''97

Horvay
Poland
Portugal
Bunanla
Spain

2,518

Sweden
Switzerland
Turkey
U.S.E.R
Itolted ElngdoK

3,200
2,311

213

li

105

183

228
215
"•7,665

5,981

696
IH,61i5

13,8lU

li

93

l'»5

35

159

200
3,163
78

10
31,037
566

5,800

1,661»

k6

305
38,72U
662

6,580

6

2,1"H

17,1'^J^

"•,935

3,611

111, 6511

20,301

5

7

Yugoslaria
Other Europe

2,151

U5

99

1,128

285

52U

2,1(68

Total Europe

120,130

26,195

8,650

60,661

16,256

8,368

126,982

30,799

55,058

3,096

5,885

15,222

U,9k8

18,907

91,721

31,013

59
30
1,213
37

5
13

872

607
639
210

25

"•19

57
129
55

120
7

3,997

117

Cnnnrta

56_

lAtln Jaerloa:

Argentina
BollTla

araiU
Chile
ColcHbla

Cuba
Dcalnloan Republic
Guatemala
Mexico
Netherlande W. Indlee & Surlnaa

319
112

33

209
69

1,7'>1

3

"•39

987
5at

lt6

775
90

13,'«>3

10,269

38
U7
3,266
202

1,237

Panana, Republic of
Peru
El SalTador
Uruguay

"•,33"'

Venezuela
Other Latin Anerlca

2,350
757

778

Total Latin Jtearlca

33,851

12,366

"•,331

223
1,177

U5

802
5
20
101
75

1,652
25
27

560
1

l.'^38

283
16

207
1">

185

79
15

3,267

106
61
1,159
238

879
2
1

1,798
351
Zk

25"»

2,"lJ>0

97
1"»5

703

17
3,139

2

llA

3

228
1,871

159
53"t

1

7

1,3">6

"•8

225

118

171
11

1,526

"•03

61i8

60

2,252

12,960

"•,3"^8

1,925

15,655

911

30
k6
755

15

Asia:

China Mainland
FozvoBa
Bong Kong ......................
India
Indonesia
Iran
Israel

Japan
Korea, Repuhlio of
Philippines
ThMllftn^^

11
17

10
6

7

It

l,">6l

1,320

"•3

92

3

3

hS

33

3

3

3,36k
231

36
137

3,328
92

5
15
16k

102

65

16

,081

36

33

3

Other Asia

l>60

Total Asia

5,736

13

i»6o

23

2,106

82

11
198

1,020

"«55

3,502

98

2,918

1,036

Other comtrlae:

Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Italon of South Africa
All other
Total other countries....

Intemstlonal
Grand total

"•98

58

50
13

1

3

93

266
,070

5

"•O

63

207

"•33

1,3"^3

105

189

1,8I»8

"•38

1,610

609

191

2,158

45,500

622

3"^3

397

87,262

17,85k

92,902

37,060

2,930

82

"16,862

26l>,567

27,22"t

29, "•89

266,658

58

Treasury Bulletin

62

.CUMULATIVE TABLE OF CONTENTS.

September 1953 through August 1954

63

liu;ii>f l'>^i

.CUMULAnVE TABLE OF CONTENTS.
September 1953 through August 1954

-

(Continued)

Treas.
HJ
10
.kl
1954
C.2

U.S. Treasury Dept,

Treasury Bulletin