Full text of Treasury Bulletin : August 1955
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LIBRARY
ROOM
50.90
'JUN 2 3 1972
TREASURY DEPARTMENT
wEAmmv.
MUILMFm
nUBUST-1355
UNITED STATES TRERSURV DEPORTMENT
OFFICE OF THE SECRETBRV
Aagust {955
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
Debt outstanding and Treasurer'
12
s
account
l6
Statutory debt limitation
20
Debt operations
21
United States savings bonds
27
Treasury savings notes
33
Ownership of Federal securities
3*^
Treasury survey of ownership of Federal securities
36
Market quotations on Treasury securities
hO
Average yields of long-term bonds
^3
Internal revenue coll ect ions
4-5
Monetary statistics
4-9
Exchange Stabilization Fund
53
Capital movements
55
Cumulative table of contents
65
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. 3. Government Printing Office, Washington 25, D, C.
Subscription per year $5.25 domestic, $5.25 foreign.
Single copy price varies.
August 1955
Treasury Financing Operations
August Certificate Refunding
Two security Issues were offered in exchange for
the Treasury 1-1/S percent certificates of Indebtedness,
Series D-1955. which matured August I5, 1955f
On July IS, the
In the amount of $8,^77 million.
ownership figures for May 3I are the latest published for holdings of commercial banks reporting
on the ownership of Government securities.
Results of the July Financing
Secretary of the Treasury announced the offering
Subscriptions to the cash offering of $75^ milor thereabouts, of an additional amount of
on July 20 of new 2 percent tax anticipation certif-
lion,
icates and an additional ajnount of the 15-month
Series B-I956. Like those
3 percent Treasury bonds of 1995 totaled about
$1,720 million, of which 87^9 rallllon came from
2 percent Treasury notes,
of the original Issue, with which they are freely
Investors of the savings type.
Interchangeable, the notes are dated May 17, 1955,
and will mature August I5, \3^(>.
preferentially allotted 65 percent with the result
that they were allotted approximately two-thirds of
These Investors were
the Issue of nearly $822 million.
Exchanges of the maturing certificates amounted
Subscriptions
leaving tl50 million to be paid
in excess of |25,000 were allotted not less than
Of the total exchanges, $6,g'H million was
$25,000; those for $25,000 or less were allotted
to $8,327 million,
In cash.
All other public
subscribers were allotted 30 percent.
to
Subscriptions to the notes were required
In addition, $25 rallllon was allotted
Oovernment investment accounts.
in full.
In notes and |l,'t-S6 million In certificates.
to
be accompanied by payment of accrued Interest from
Subscriptions to the cash offering of 1-7/8
The new certificates, tax
percent tax anticipation certificates totaled over
May 17 to August
1,
1955>
anticipation Series B-I956, dated August
1,
1955, will
be receivable at par and accrued Interest to their
maturity on June 22, 195^, In payment of Income sind
profits taxes due June I5, 1956. Interest on the
maturing 1-1/8 percent certificates was allowed In
Interest on
full to August 15, their maturity date.
$10.6 billion, and allotments $2.2 billion.
Sub-
scriptions in excess of $100,000 were allotted
19 percent but not less than $100,000.
Those for
$100,000 or less were allotted in full.
Commercial
banks were allotted about $1 billion, and nonbank
investors approximately $1.2 billion.
both of the new securities began to accrue August 1.
Cash subscriptions were not Invited.
The subscrip-
tion books were opened on July 20 and were closed
Terms of both offerings were summarized In the
"Treasury Bulletin" for July.
at the close of business on July 22.
The tax anticipation certificates were
In bearer form only.
issued
In denominations of $1,000,
$10,000, $100,000, and $1,000,000. The
terms of the 2 percent notes were summarized In the
$5,000,
Treasury 91-I'ay Bills Increased
New Issues of weekly 91-day Treasury bills
during July totaled ^G.h billion.
They refunded
the J6.0 billion of 91-flay bills maturing and pro-
vided |ltOO million cash.
Each offering was for
$1.6 billion and each maturity amounted to $1.5
billion. The average rates of discount on the new
May Issue of the "Treasury Bulletin."
Approximately 75 percent of the maturing certif-
Issues were 1.5'*1 percent for July 7; I.606 percent
icates were held by reporting commercial banks and
for July \h; I.619 percent for July 21; and I.720
Federal Reserve Banks as of the end of May.
percent for July 28.
Note:
The
Details of Treaaury market financing operations are
shown elsevbere In this Issue of the "Treasury
Bulletin," In the tables on "Offerings" and "Elg-
poaltlon," respectively, of marketable Issues of bonds,
notes, and cortlflcates of Indebtedness,
and In the table
"Offerings of Treasury Bills."
..
.
.,
August 1955
SUMMARY OF FEDE3?AL FISCAL OPERATIONS
(In mllllona of doliars)
Budget receipts and expenditures Net of
Net
receipts
i/
EKpendIturea
2/
Surplxis,
or
deficit
(-)
2/
trust
account
anl other
transactions
Not
Increase
Clearing
account,
etc. 4/
Levels, end of period
Net
public
debt, or
decrease
Increase In
Treasurer's
Troaeurer's
cash balcash
ance, or
balance
decrease
(-)
(-)
m
2/2/
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
5/
Fiscal years:
19te
19lt3
12,555
21,987
X9Uk
1*3,635
igits
1*4,1*75
igud
39,771
W"*?
39,786
34,045
79,407
95,059
98,416
60,448
-21,490
39,032
33,069
39,507
39,617
44,058
65,408
754
8,419
-3,122
3,510
-4,017
-9,449
-3,117
-4,192
328
269
-2,li08
641
-1,788
-266
-1,161
19lt8
1*1,1*88
19''9
37,696
1950
1951
1952
36,1*95
1*7,566
1953 6/
1951*
6lt,825
6l*,655
1955 P
60,303
74,274
67,772
64,494
1956 (Est.)..
60,000
62,408
61,391
-57,1*20
-51,423
-53,941
-20,676
1,811
-1,613
-338
-2,222
791
-524
23,1*61
-1,103
-294
-495
99
555
-507
-11,136
-5,994
10,930
1,624
366
1*78
-1,1*62
483
-214
-401
4,587
-2,135
3,883
-250
-303
257
6,966
5,189
3,115
67
1,700
-1,386
36?
50,232
57,707
64,753
47,484
-13,966
-240
199
234
-2,249
-4,100
4,331
87
-423
-106
2,711
62
679
147
435
64,274
64,307
57,679
10,740
358
6,515
10,662
4,529
2,991
9,507
20,169
24,698
14,238
136,696
201,003
258, 68e
269,422
2,047
1,839
-388
3,308
4,932
3,470
5,517
7,357
6,969
258,286
252,292
252,770
257,357
255,222
259,105
-2,299
2,096
-551
4,670
6,766
6,216
266,071
271,260
274,374
6,983
1,751
9,942
3,767
-22,5CG
10,543
12,294
22,236
26,003
3,50a
108,170
165,877
230,630
278,115
259,149
-405
3,097
4,208
4,679
4,232
4,295
256,900
252,800
257,130
256,708
259,419
267,391
275,168
278,750
31*
8,741
7,675
64
10,li6o
72,1*22
4,568
4,100
1,623
76,991
140,796
202,626
433
476
259,U5
269,898
74,154
140,469
ao8,077
a68,671
268,932
90
46
258,376
252,366
252,798
257,377
255,251
259,151
257,491
251,54a
25a, oe8
256,65a
254,567
258,507
52
266,123
81
44
271,31*1
265,522
270,790
273,915
73
27
ao
29
274,418
Calendar years:
19te
1943
19Wi
3''
191*5
1*3,678
X9h6
38,568
19H7
191*8
1*0,389
UO,861*
191*9
37,511*
1950
1951
37,306
52,979
195s
1953
61t,8ltO
1951*
Man the:
16,081
,227
1*3,21*6
63,81.1
6/
61,171
57,51*2
-4l,li6l
89,918
96,896
87,271
41,080
-55,691
-53,650
-43,594
-2,512
37,955
35,623
4l,106
37,728
56,337
70,682
72,997
64,854
2,434
5,241
-3,592
-422
-3,358
-350
-aa9
-502
311
815
-5,842
-9,157
-3,683
-41
101
739
-319
-209
-34
7,973
7,777
3,582
1,770
-1,488
603
6,064
4,577
5,180
5,072
6,018
6,022
-1,712
-1,640
-152
-239
301
36
-578
-264
188
6,598
536
-269
4,071
-1,067
-196
7,1*79
272,669
273,206
272,937
5,753
5,183
-a, 748
-219
79
-176
165
-476
719
449
1,822
-40
-2,352
797
-1,346
5,126
5,923
4,577
273,386
275,209
275,168
66
-36
9
-135
-160
-320
-67
-4,546
-533
944
1,366
4,044
274,849
274,782
270,235
75
77
6,355
-1,567
700
1,280
4,787
5.487
6,766
271,047
273,475
271,260
-2,542
1,233
-313
4,aa4
5,457
5,145
270,984
274,955
274,810
21
27
1,518
641
-2,124
6,663
7,304
5,180
278,752
278,853
278,750
34
-451
68e
4,728
5,411
5,151
278,439
278,182
274,048
33
6,401
5,880
6,216
276,649
277,472
274,374
43
44
-123
1,111
471
-447
lt,301
112,1*71
4,230
1,514
567
339
81
55
30
24
170,108
232,144
278,682
259,487
110,833
171,202
239,099
288,559
258,554
256,981
252,854
257,160
256,731
259,461
256,127
252,057
256,413
256,026
258,794
267,445
275,244
278,784
266,821
274,671
278,256
272,732
273,269
273,001
27a,i4fl
273,452
275,282
275,244
272,875
274,707
274,671
274,924
274,859
270,312
274,362
274,300
269,757
271,127
273,555
271,31*1
270,572
273,002
270,790
271,005
274,982
274,838
270,466
274,447
274,305
278,786
278,888
278,784
278,255
a78,357
278,256
278,463
a78,a09
a74,080
277,949
277,697
273,571
276,179
277,010
273,915
42
54
76
6/
1953-July
August
September,
,
3,360
'*,378
5,870
October. , .
November...
December,,,
3,005
1*,555
1*,588
6,437
-628
-1,849
1951* -January,,,,
5,033
Pebruajy.,,
March
5,218
4,707
5,555
-185
737
5,8T9
410
11,1*34
April.
May,,,
June,.
2,751
3,592
10,644
5,296
5,203
7,308
-2,51*5
-427
593
811
-l,6u
391*
2,1(28
3,336
13
-511
146
July
August,.,,
September,
2,827
3,911
1*,951
4,827
6,731
5,019
-2,000
-2,820
-68
-169
304
-121
October.,
November,,
December,.
2,639
4,201
3,7^2
4,857
3,84a
6,aee
-2,218
358
-2,546
-311
391
100
4,655
9,741
4,94a
4,831
5,894
-a87
596
3,846
3,732
4,438
10,038
5,228
5,356
6,677
-1,496
-919
3,361
i955-January. ,
February .
March
April..
May
June p
,
5,1*1*4
5,1*27
,
193
-97
-iS2
-2,215
-276
ai
3,971
-145
104
3,9i*a
-a 09
101
4a5
-103
33a
-11
-186
-7
36
-311
-a57
-4,134
-164
309
-384
104
2,601
824
-3,098
-43
-31
351*
Source: Actual figures are from the old Dally Treasury Statement through
the fiscal year 1952 and the calendar year 1953: actual figures on the
new reportli^ basis (see footnote 6) are from the new DalJy Treasury
Statement and the new "Monthly Statement of Receipts and Expenditures
of the United States Government"; estimates are based on the 1956 Budget
document released Januaiy 17, 1955, IncludlDg effects of proposed legislation. More detailed Infonnatlon with respect to the figures on this
page la given In aucceedli^ tables.
1/ Grose receipts less appropriations of receipts to the Federal Old-Age
and Survivors Insurance Trust Fund and the Railroad Retirement Account,
and refunds of receipts,
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section 114 (f) of the Bjonomlc Cooperation Act of 1948 (62 Stat,
150), are consolidated with budget expenditures. Beginning with the
fiscal yesr 1951, net Investanents of ^olly owned Government corporations and agencies in public debt securities are excluded from budget
expenditures, and are Included with other such investments under "Trust
account and other transactions."
i/ Consieta of transactions of trust and deposit funds, inveslanents of
Goverranent agencies In public debt securities, and sales and redemptions
of obligations of Govenanent agencies in the market; excess of receipts,
or expenditures (-).
4/ For checks and interest coupons outstanding and telegraphic reports frcm
-260
1,250
-522
336
1*,988
63
63
74
76
77
80
80
81
29
31*
34
24
27
37
276,686
277,515
274,418
272,688
272,422
Federal Reserve Banks, and beginning with the fiscal year 1954, also deposits in transit and cash held outside the l^asury; net Itursaae or
decrease (-),
For current month detail, see section on "Statutory Debt Limitation" In
each issue of the Bxilletln, The limitations in effect dxirlng the period
covered by this table and the date when each became effective are as follows: March 28, 194a, $125 billion; April 11, I943, $210 billion;
June 9, 1944, $260 billion; April 3. 19l*5 $300 billion; June 26, I946,
$275 billion; and August 28, 1954, $28l billion (temporary Increase siting on Jxme 30, 1956), Guaranteed securities are Included under the
limitation beginning April 3, 1945, Savings bonds are liululed at current redemption value beginning June 26, 1946; prior to that time they
were Incluied at maturity value. In the debt outstanding, savings bonds
are carried at current reden^lon value,
6/ New reporting basis as announced February I7, I954 (see April 1954
"Treasury Bulletin," page A-2), beginning with the fiscal year 1953 and
the calendar year 1954. The new Dally Treasuzy Statement shows cash
deposits aoi withdrawals in the account of the Treasurer of the United
States. The new Monthly Statement Includes agency transactions not
cleared through the Treasurer's account, and shows receipts ^en they are
received by collecting officers and expenditures lAen checks are issusd
or payments are made by dlabureii^ officers.
p Preliminary.
^
.,
Treasury Bulletin
.
BUIXJET RECEIPTS AND EXPENDITXJRES
.
Table !•- Receipts by Principal Sources
(In mUllons of dollara)
Internal revenue l/
Income nnd profits taxes
Fiscal year
or month
Corporation
2/
Not
withheld
2/ 3/
i9ua.
19,292
19,735
191*9.
19,61*1
1950.
1951.
1952.
2li,2l8
191*7.
10,013
11,1*36
9,81)2
18,189
10,073
13,535
18,521
32,826
Hev reporting baale:
1953
IQSL
1955 p
^ , ,
,
1956 (Est.)....
1951* -July
August. . .
September.
Octoter...
NoTeniber.
December,
Withheld
2/
Employment taxes
Total
Income
and
profits
For
old-age
29,306
31,171
1,1*59
3/y
51,31*7
1,616
1,690
2,106
3,120
3,569
29,1*82
28,263
37,753
380
557
56I.
550
578
735
For unemployment
Insurance
6/
Total
employment 2/
Excise
taxes
2/
Estate
and gift
taiea 2/
Not
otherwise
classified
2/
185
2,02li
8,01*9
208
223
226
2,381
8,301
2,1*77
8,31.8
231*
2,883
3,931
259
l*,562
8,303
9,423
9,726
Total
Internal
revenue
1/
39,379
41,853
40,307
39,449
51,106
65,635
8/
10,825
9U5
936
33 ,012
10,71*7
10,1*07
21,351
21,635
5l*,363
U,o86
620
21,523
18,265
53,906
l*,537
603
1*9,911*
5,31*0
601
277
285
279
11,983
5,1*25
2i,2iia
6,220
10,011*
9,191*
17,031*
10,500
22,000
1*9,531*
6,176
625
295
7,095
9,350
532
1,035
2,578
20
It
2I1O
713
77
71*3
76
16
l,ll29
l,ll22
27li
1*7
1
835
322
766
767
61.
1,101*
1,819
2,971
3,955
217
300
252
93
361
290
1,181
199
78
272
1,077
2,759
1,359
1,637
3,126
2,612
188
21
k
213
551*
91*
16
661.
65
61
329
6k
393
785
781
715
355
881*
3,1*77
l*,071
113
17
161
786
628
61.9
555
562
61.
81(1
62
67
151
717
843
91*
907
64
1955 -January...
February
March
271*
2,239
881
6,812
71*5
2,916
1,721
9,279
April
May
June p....
1*78
377
6,201
2,190
602
967
2,991
3 ,970
i,i>a8
1,531*
9,163
.
insLirance
For railroad retirement
3,635
I46
31
167
20
n6
1|
31.1
785
703
15
2
879
757
709
9 2/
7
70,171
70,300 2/
66,271
66,949
2,849
4,634
5,116
72
82
77
-3
4
5
-2
3
*
1
1
2,700
4,629
4,005
1*,354
5,631
10,902
4,771
5,788
10,892
August 1955
.BUBGET RECEIPTS AND EXPEBDITUEES.
Table 2.- Expenditures by Major Classif Icatione
(In mlUloas of dollars)
PlBCal jear
or month
Total
Intematloaal
national
Baourll7
Jjt/
affairs and
finance
Interest
on the
public debt
K/
Veterans*
serrlces and
benefits 16/
15,130
ll,Mi6
12,787
12,952
21,663
te,867 IB/
6,562
'.,958
7,259
5,123
't,'i79 11/
6,026 11/
5,211
5,339
5,750
5,613
5,859
6,1469
5,1'63
8,1*76
1953
50,276
6,50l»
l.,33l»
195lt
"16,522
6,382
6,389
It
1*,1*05
10,977
9,065
11,536
1950
1951
39,032
33,069 11/
39,507 il/
39,617
W.,058
1952
65,1108
19'n
19'>8
19''9
New reporting basis
:
9,581
7,652
8,891
'1,952
8/
1955 P
1956 (Est.)
1951. -July
Auglist
September
October
Rovember
December
1955-^ranuaTy
Fetaruaiy
6U,U9U
Uo,989 12/
2,19.
1,553
1,175 12/
62,Uo8
liO,l*58
1,090
6,300
l*,608
9,952
•,827
6,731
5,019
3,061
3,370
3,261
81
336
9".
213
332
331*
1,136
2,601
152
51.1
321
71*5
'',857
73
3lt6
31*9
790
3,8te
6,288
3,300
3,316
3,739
89
192
368
1,200
373
-30I*
1*01
756
l»,9lt2
3,176
171
3,01.8
11(8
109 12/
1*78
379
365
386
991*
',831
222
396
March
5,89't
3,759 12/
April
M«J
5,228
5,356
6,677
3,382
Jme
".,817
3,798
2,839
6,878
6,517
5,333
p
3,939
,21*9
78
355
383
181»
ltJ*3
97
1,1*95
381
398
875
1,163
1,029
1,002
71*8
1956 Budget document, and estimates are adjusted In this table to a
basis comparable vlth actual expenditures as sbovn.
Footnotes on pege 5*
See Table 1, Erpendlttire classifications are liased on the detail
available from the monthly Treasury reports and are described In the
footnotes; they differ samevhat frcm the classifications used In the
Source:
Table 3.- Expenditures for National Security
(In millions of dollars)
Secretary of
Defense £0/
Fiscal year
or month
19l>7
15,130
191*8
11,1*1*6
1950
1951
32,787
12,952
21,663
5
161
1952
1*2,867 18/
1*02
1953
50,276
1*09
1951*
1*6,522
1*0,989
19''9
Nev reporting basis:
31.3
Air Force
military
functions 21/
1,690
3,506
6,238
12,350 IB/
A2Tny
mllltai7
functions 22/
Navy
mllltaiy
functions
6,911
5,965
1*,998
lt,171
5,31*6
l*,l*12
l*,03l*
1*,110
6,811
5,757
9,961
15,361* 18/
Mutual
Atomic
military
energy
program 23/
2.1*/
Strategic and
critical
materials
159
U
3,052
161
279
171
1*56
99
591*
61*7
299
521*
1*39
108
8
91*8
908
656
3
2,292
1,61*8
81*7
3
3,956
8/
1*61*
15,085
15,668
9,711*
1,895 12/
1,791
1,895
1,856
919
651
16,61*7
16 ,21*2
12,910
8,879
11,875
11,293
1*90
1*0,1*58
600
15,600
8,850
9,700
3,075
2,000
783
35
1,105
511*
171*
33
1,301*
1,182
228
210
169
160
61
60
38
877
806
839
698
817
331*
September
3,061
3,370
3,261
October
November
December
3,300
3,316
3,739
1*1
1,271*
1*0
1,272
837
777
kO
1,1*73
756
763
922
187
181
152
170
156
158
1955-January
February
March
3,176
38
36
1,558
1,230
775
712
1*1*
l,l»36
915
721
728
865
loe
-u
1,31*6
as I*
71*7
1,1*1*1*
771*
1*6
2,023
21*1
803
1,036
1955 P
1956 (Est.)
1951* -July
Augtist
April
May
June p
Source:
See Table 2,
Other 52/
12/
3,01*6
3,759 12/
3,382
3,3'<6
3,939
81*5
Footnotes on page 5>
-113
163
63 12/
802
12
706 12/
-150
1*8
36
126
11*8
158
151
153
1*3
122
99
131*
58
118
126
1*7
271
11*7
108
57
68
39
29
239 aa/
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
,
.
Table 4.- Expendlturee for International Affaire and Finance
(In llllons of dollare)
?lacal Tear
or Bontb
Depertaant
of State
6,562
''ATO 11/
6,026 11/
WltT
19W
191*9
1950
1951
1952
-
"t.SlT
3,798
2,839
Nev reporting baale:
Export -liiport
Bant 26/
EccnoHlc and
teobnloal aeslstance (Mutual
Security Act) gj/
938
133
229
265
299
277
I165
13^ 11/
k,0k3 yjj
3,523
3,006
2,191
-60
1.5
211)
88
25
ClTlllan
relief In
Korea
GoreniBent
and relief in
occupied areas
_22/
51''
'•,977
881
1,333
779
370
152
2,770
't45
170
9
72
2,l8U
271
U7
195"*
1,553
,
1,175 12/
156
IS"*
99
-101
150
-90
1,028
28
-39
86
5
152
6
lU
2
-20
78
151
8
7
73
89
19a
8
8
*
63
-11
7
91
169
2
2
111
171
8
-l»U
207
IM
11
14
3
132
-13
1955 P
1,090
81
1956 (Est.)
lOSlt-JulJ
August
September.
9''
October
,
Jtovember
December
1955-January
February
March
,
109 12/
78
April
Maj
Source:
l81t
p
'.9
183
8/
1953
Jme
Other £2/
.
3
1
1
1
1
1
71
137
38
-20
97
,
28
107 12/
-3
9
9
93
83
1,703
1,215
,
1,113 12/
U3
Footnotes on page 5-
See Table 2.
Table 5.- "Other" Expendlturee
(In nllllocs of dollars)
Fiscal year
or Booth
Total
19''7
19'»8
5,123
5, '63
191*9
8,1*76
1950
1951
1952
Nev reporting basis:
9,581
7,652
8,891
1953
1951*
1955 P
1956 (Est.)
195'*-July
August
September
October
NoTember
December
1955-January
February
March
Source:
See Table 2.
Apiculture and
agrlcultnral
re80\irc«8 32 /
Ml
Natural
resouroee
ii/
979
129
68
1,165
1,526
-56
-270
1,6'tO
'.60
1,672
10,977
9,065
11,536
1,801
1,882
1,821
-556
169
9,952
1,909
1,136
2,601
165
71*5
790
178
-301*
l'*6
lliS
178
135
137
1,226
782
2,658
Trans por tat Ion
and
cijyunl cation
Ji/
Finance,
oo^wrce,
and
industrj i5/
Other
36/
939
1,121
1.89
519
822
1,221
1,399
1,376
665
1,063
1,1*51
1,839
1*35
2,961
2,653
1,551*
1,81*1
1,1*53
1,291*
1,51*0
52
lOU
-195
2,333
1,399
l*,500
-72
2,357
1,180
1,357
122
3,098
-2
117
118
133
123
120
117
llOO
153
262
2,029
123
18
l'*9
52
-35
9
136
133
126
102
-59
-1,061.
131*
21*7
-1(6
236
117
121
38
31*9
91
uo
a6o
2,81l2
1,393
299
287
399
1,032
1,338
1,697
1,1*86
711*
1,881*
1,1*99
188
138
2,061*
2,000
8/
99"*
April
May
Jvne p
Housing snd
coamunlty
derelopaent
1,01*5
756
,
Social
security,
velf are, end
health Jo/
875
1,163
1,029
1,002
7U8
170
lUU
121*
2,11*0
2,1*07
1*5
171*
29
191
51
-52
157
177
250
97
137
89
39
50
201
155
11*
173
87
109
273
11*5
175
77
-16
195
189
-13
681>
28
762
37
-29
381*
83
336
106
Footaiotee on page 5.
-51*
Aacjust 1955
-BUIX>ET EECEIPTS AND KXFENDITURES
Footnotes to Tables
l/
2/
^
kj
2/
6/
2/
8/
2/
1 0/
11/
For further detail, see tables xinder "Internal Revenue Collectlona,"
Breakdown waa not made In the Dailj Treasury Statement for years
prior to 195^.
Beginning January 1951, the distribution of receipts between Individual Income teuces and old-age Ineurance taxes Is made in accordance
with provisions of Sec, IO9 (a) (2) of the Social Security Act Amendments of 1950, for appropriation to the Federal Old-Age and Sxirvivore
Insurance Trust Fund (see footnote 11).
Taiea on employers and en^)loyees under the Federal Insurance Contributions Act, as amended (26 U.S.C, 11*00-1^32) and, beginning with the
taiable year 1951, tax on self-employed individuals under the SelfBnployment Contributions Act (26 U.S.C. 1*80-482).
Taxes on carriers and their employees under the Ballroad Betlrement
T«j- Act (26 U.S.C. 1500-1538).
Tax on empioyere of 8 or more under the Federal Unoniployment Tax Act,
as amended (26 U.S.C. I6OO-I61I).
Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried In the Daily Treasury Statement as
mlscellaneouB receipts, ^lle the I956 Budget document includes them
In employment taxes for those yeetrs. This difference in claselflcatlon accounts for the difference in figures from the two sources.
After 1953 the contributions are credited direct to the trust account.
For amounts of the contributions Included In bisdget receipts, see
"Treasury Bulletin" for February 195**, page 7.
As announced February 17, 1951*^ (see April I95U "Treasury Bulletin,"
page A-2); see also page 1, footnote 6,
In the 1956 Budget document, internal revenue taxes not otherwise
classified are included in miscellaneous receipts.
Includes proceeds from sale of surplus property and from Governmentowned securities; seigniorage; deposits resulting from renegotiation
of war contracts (see "Treasury Bulletin" for February I9U8, page 5);
and railroad unemployment insurance contributions for administrative
expenses through 1953, after which they are carried as trust account
receipts under the Ballroad Retirement Board.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (U2 U.S.C, 1*01 (a)). The Social
Security Act Amendments of 1950, approved August 28, 1950
{6k Stat. 1*77), changed in certain respects the basis of transferring
the appropriated funds to the trust fund. Beginning January 1951,
the amoxints transferred currently as appropriations to the trust fund
are based on estimates of old-age Insurance tax receipts made by the
Secretary of the Treaauiy piarsuant to the provisions of Sec. 109 (a) (2)
of the Amendments of 1950, and are adjusted in later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration. Appropriation for the fiscal year 1955
waa reduced in Februaiy by $300 million as an adjustment for overappropriation to the trust fund of $90 million In 1952 and $210 jnllllon in
In April 1955 adjustment was made for overeppropriat on of $50
1953.
million as of March 31, 1955. The amount of old-age insurance tax
refunds is paid from the trust fund as a reimbursement to the general
fund.
12/ Eccludee the Government's contribution for creditable military service
under the act of April 8, 191*2 {^ Stat. 20U). Beginning 1952, amounts
are appropriated to the Railroad Retirement Account equal to the amoimt
of taxes under the Railroad Retirement Tax Act deposited In the
Treasury, l^'se refunds, during each fiscal year (65 Stat. 222 and
66 Stat, 371), and transfers are made currently. Previously, annual
appropriations were based, in effect, on estimated tax coUections, with
ai^ necessary adjiis'tanente made in succeeding appropriations.
13/ Interest on refunds is Included In Table 5 under "Other."
jh/ Expenditures are "net," after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited
to disbursing accounts of corporations and agencies having authority to
use collections without foimal covering into the Treasury. The figures
Irclude transfers to trust accounts . They exclude net Investments of
wholly owned Government corporations and agencies in public debt securities beginning 1951 (when these investanents were grouped with those of
trust funds and accounts), and public debt retirements chargeable to the
sinking fund, etc., under special provisions of law. Payments to the
Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded fl\aa
both receipts and expenditures. Further information on these capital
transfers may be found in the I95U Annual Report of the Secretary of
the Treasury, page l*l8.
^/ Beginning with June and the fiscal year 1955, Interest on the public debt
is reported on an accrual basis; previously, beginning with November 191*9,
it was reported on a due and payable basis; for earlier periods it was reported as an expenditure ^*en paid by the Treasurer of the United States.
16/ Caaslats of Veterans* Administration expenditures, including the direct
loan progj-am.
17/ Includes transactions relating to the Foreign Boonomlc Cooperation
Trust Fund (see page l)
18/
2^
20/
23,/
22/
gg.
2h/
2^ /
g6/
2 7/
,
$8/
2g/
^0/
1
through 5
Net transactions by the Departments of the Air Force and the Ara^ relating to "Deposit fund accounts" are Included under "Trust Account
and Other Transactions" instead of "Budget Receipts and Expenditures,"
beginning 1952.
A more detailed breakdown became effective In the Monthly Statement
for March 1955 which resulted In a shift between "Economic and technical
assistance" on one hand and "Mutual military program" wrvi "Other"
national security (direct forces support) on the other. Figures for the
reclassified items are not available by months for Jtily through February,
however, and are included only In the cumulative figures for the fiscal
year.
Includes retired pay for the military services beglnnliig September I9I4.9
and other interservice activities beginning July 195**.
Excludes certain expenditures made on behalf of the Department of the
Air Force out of I9U9 and prior year appropriations to the Department
of the Army.
Includes certain eipendltxires on behalf of the Department of the Air
Force (see footnote 2l).
Consists of expenditures from funds appropriated to the President
under the Mutual Security Act, approved October 10, 1951
(22 U.S.C, 1651), and the preceding Economic Cooperation Act; end
Greek-^Turfclsh asslstemce,
Consists of expenditures of the Atomic Qiergy Ccomnlasion.
Consists of payments under the Anned Forces Leave Act, expenditures
for surpl\is property disposal, and In 19l*7 also national defense
expenditxu'es of the Reconstruction Finance Corporation and certain
other agencies; beginning 1951*, consists of direct forces support.
Excludes Bank expenditures under the Mutual Security Act and the
preceding Economic Cooperation Act of 19l*8, as amended,
Consists of expenditures from funds appropriated to the President
xuider the Mutual Security Act, and the preceding Economic Cooperation Act,
After 1952, expenditures for this purpose are not shown separately
In monthly reports to the Treasxny; those made by the Department of
State (the greater part, currentlv) are Included under that heading
in this table; those made by other agencies (principally the Department of the Amc^) are not included In this table.
Consists of expenditures under the Bretton Woods AgreementsAct (19l*7);
credit to the Iftilted Kingdom (19l*7 and 19l*8); expenditures of the
United Nations Belief and Rehabilitation AdmliilBtratlon; relief to
countries devastated by war; various other foreign relief programs;
International children's emergency funds; and loan for construction
and furnishing of United Nations Headquarters,
Consists of exper^itures of the Department of Health, Education, and
Welfare except the Office of Edxication, and of the corresponding
ccanponent organisations prior to the establishment of this department
on April 11, 1953; the Government's contribution under the Railroad
Retirement Act for creditable military service, and certain other
Pailroad Betlrement Board expenditures through 1953; and also, beginning 1950, the school lunch program under the Department of
Agrlciilture
31/
32/
2i/
31*/
35/
g6/
*
p
Consists of expenditures of the Housing and Hoane Finance Agency, and
of component organlzationa prior to the establishment of this agency
on July 27, I9U7; Federal Civil Defense Administration; and disaster
relief.
Consists of expenditures of the Department of Agriculture except the
Forest Service and the school lunch program; and of the Farm Credit
Administration.
Coneists of expenditures of the Department of the Interior; the
Tennessee Valley Authority; the Corps of Ehgineers In the Departmsnt
of the fvray (river and harbor works and flood control); and the
Forest Service in the Department of Agriculture,
Consists of expenditures of the Civil Aeronautics Administration,
Civil Aeronautics Board, Bureau of Public Eoade, and maritime
BCtlTltles, all now in the Department of Ccnmnerce; the Coast Guard
In the Treasury Department; and the Post Office Department.
Figures prior to 195^ Include net expenditures of certain working
funds of the Department in addition to the Postal Service Fund
(advances to cover the postal deficit). Effective with 195**, net
eipenditin^s of the Department, including the Postal Service Fund,
are on the basis of cash receipts and expendltxires recorded in the
accounts of the Department.
Consists of expenditures of the Department of Commerce except those
included under "Transportation and communication"; the Beconstinictlcn
Finance Corporation (as In liquidation by the Treasury Department beginning July 195!*); Federal Facilities Corporation beginning July
I95I*; the Small Business Administration; the Economic Stabilization
Agency; and funds appropriated to the President for the expansion of
defense production.
Includes expenditinr^s for executive departments and other agenclc.
not Included elsewhere and for legislative and Judicial functions.
Less than $500,000.
Preliminary.
Treasury Bulletin
-TRUST ACCOUNT AND OTHKR TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In mllHone of dollars)
Net of
truat accotmt
and other
tranaactlonB 1/
Fiscal year
or month
Trust ajcountQ, etc.
Net rejelpta, or
eijH-'ndltures (-)
19^+8
191*9
1950
1951
1952
99
679
New reporting basis:
Bacelpte
6,£l*lt
2,619
2,658
1,890
-281
3,852
3,855
-1,103
-291
19^^?
Net Inveetments of
Government agenciea In
public debt eecuritles
Erpendltures
(other than net
Investment a)
6,515 2/
3,625
3,857
5,71't
3,821*
6,669
7,796
8,807
6,950
Net redemptlona, or ealee (-),
of securities of Government
agencies In the market
Guaranteed
2/
-28
-123
3,362
3,060
2,311
387
1*6
28
-1*02
8
-10
-16
-371*
16
3,557
3,636
3,9'*5
l(,952
Not guaranteed
ll*
88
±/
1953
1*35
1951*
328
269
1955 P
1956 (Est.)
922
61»1
,
8,029
9,155
9,538
11,283
3,760
2,386
2,390
-1,022
-27
311
'•57
-6
-1
-161
-1*30
370
800
-11)2
521*
99't
I169
167
191
-5
-1
-32
30I1
697
l,22li
-331
-311
391
100
317
890
573
332
-11
-313
-53
-7
17
268
600
778
581
653
761
-15U
-606
503
825
528
,320
-31
37
20
61
-121
-1.3
32
33
-918
-91
U3I.
October, ,
November..
December.
April..
May
June p
2,751
-7
-29
660
526
788
-227
-169
March
1,531*
8,891*
195U-July
August....
September
1955 -January..
Febn^iry ,
3,301
2,054
5,1''9
6,769
8,616
-131*
90
28
*
25
10
-521
-79
-3
1*0
97
-6
-^7
1,131*
-1*13
817
852
582
-5
-5
-1
-31
-237
1,677
Source: Actual figures through 1952 are from the old Dally Treasury Statement;
actual figuree on the new reporting baeis are from the nev "Monthly statemeat of Fecelpte and Expenditures of the United States Government" (see
footnote 3)j estimates are based on the 1956 Budget document, released
January 17, 1955, Including effects of proposed legislation.
-I48
1/
2/
i/
*
P
1,091*
-21*
Excess of receipts, or ezpenditurM (-).
Excludes Foreign Economic Cooperation Trust Fund (see page 1)
As announced Febriiary 17, 1951*; see page 1, footnote 6.
Less than $500,000.
Preliminary,
Table 2.- Trust Account Receipts
(in millions of dollars)
Federal Old -Age
and Survivors
Insurance Tr\iBt
Fund
Fiscal year
or month
191*7
19I18
19I19
6,21*1*
1,623
6,515 i/
1,807
5,711*
1,921*
1950
1951
6,669
7,796
8,807
2,367
3,l*U
3,932
8,929
9,155
9,538
1952
New reporting basis:
1953
I95I*
1955 P
1956 (Est.)
1951* -July
August....
September.
October..
November.
December.
19 55 -January...
Februajy.,
March
April..
May
June p.
Railroad
Retirement
Account
Unemployment
Trust Fund
National Service
Life Insurance
Fund
Government
Life
Insurance
Fund
Government
employees'
retirement
funds 1/
Other trust
funds and
accounts
2/
L,5bii
131*
578
792
71*0
1,171*
1,51*2
1,61*3
681.
680
809
850
912
529
678
850
90
92
87
86
87
591*
61*5
1,289
1,313
1,173
1,281
1*,516
71*2
1,591*
737
701
1,1*92
79
78
78
961
691
708
U,283
^^,799
731
1,712
637
619
590
621
1*01
5,080
5,585
75
91*5
1*01
1*31*
228
20
U3
31*
3
61
1*5
1,221*
76I1
76
275
1.3
2U
287
1*7
12
37
31
1*
1*57
3
31
1*5
370
20I*
lis
572
32
33
29
37
36
38
531
218
170
3
890
22
95
65
35
991*
3
1*6
te
268
600
778
528
115
23
1*3
3
323
797
625
690
1,076
786
1/
1*03
51*5
597
|*/
1,320
1,677
1,1*21*
277
17
65
32
2
576
1*7
157
19
25
35
1*0
3
1*1
335
818
879
20
81
56
l!*6
101*
35
37
193
2
311
Source: See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian
tribal funds, island possessions, increment resulting from reduction in
the weight of the gold dollar, and through June 195O sslgnlorage on silver
under the Silver Purchase Act of 1931*. Thereafter any such seigniorage is
included under budget receipts. Beginning with the fiscal year 1951*, the
1*0
1*57
1*51
Ul
31
51
3
1*7
39
22
1*5
273
37
Hallroad Unemployment Insurance Administration Fund is classified aa a trust account. Instead of being handled through
budget accounts as formerly (see "Budget Receipts and Erpendltures," Table 1, footnote 10).
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
Aa announced February 17, I95I*; see page 1, footnote 6.
Preliminary,
August 1955
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust Account Expenditures Other Than Net Investments
(In millions of dollarB; negative figures are excess of credits)
Fiscal year
or mcoith
Treasury Bulletin
.TRUST ACCOUNT AND OTHER TRANSACTIONS-
Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(in
Expenditures other than Inveatments
BeceiptB
Piecal year
or Biootb
Total 2/
Approprlatlone
by Con^^eee
1/
Interest and
proflte on
inreetnenta
839.7
190.6
230.2
256.8
287.4
333.5
3.3
3.6
3.7
3.7
10,558.8
).9l»8
1,807.1*
19^9
1950
1951
1952
1,923.8
2,366.8
3,'H1.5
3,931.5
9,719.0
1,616.2
1,690.3
2,106.4
3,119.5
3,568.6
I*,5l6.3
'•,086.3
5,080.3
5,585.5
4,537.3
5,039.6
386.6
438.9
438.0
6,798.9
6,175.0
486.3
227.8
216.9
743.4
274.2
1937->H
New reporting baels:
Other 4/
Deposits by
States 5/
195ii-Julj
76lt.3
,
286.9
20it.2
October
HoTember
December
1955-Januax7
FebnuuT
March
J^iril
May
June p
1937 to date 10/ p
25.7
1,529.6
511.7
607.0
727-3
1,498.1
1,982.4
11.6
9.6
43.3
92.4
98.2
2,750.0
3,404.8
4,487.5
2,627.5
3,275.6
4,333.2
33.0
40.5
51.0
7.5
130.0
4,967.8
4,778.2
51.0
9.6
1.4
20.8
1.8
300.0
295.0
381.5
292.6
288.2
323.2
51.0
1.1
17.5
3.7
357.3
355.0
363.5
349.6
345.1
355.0
1.2
19.2
369.5
382.2
398.9
361.2
373.3
390.0
.3
416.3
431.4
436.8
407.4
419.8
427.7
261.3
18,042.3
17,092.0
10.9
571.6
530.8
188.1
554.2
328.5
198.6
115.2
276.8
575.8
113.2
255.3
561.6
2.2
13.4
335. "»
818.2
878.6
316.3
784.9
703.1
17.8
4.1
175.2
39,182.9
35,483.1
3,401.8
15.0
.8
InveetsBents - (Continued)
AdnlnlstratlTe expenses
BelAbureements to
general fund 8/
206.0
13.0
14.1
14.6
18.6
24.8
1937-47
1948
1949
1950
1951
1952
.9
.8
1.2
29.2
36.5
Ubezpended
b&lacoe
2/
25.2
34.4
39.3
42.3
51.9
59.9
8,798.4
1,248.3
1,263.3
1,582.7
1,843.0
1,864.5
2/
65.
62.
76.
1,766.3
1,675.5
1,098.0
1956 (Est.)
26.6
112.0
1,831.1
3.2
4.3
2.1
2.1
4.7
5.2
-72.2
469.2
-94.7
Oc tober
HoTember
December
2.3
3
3
5.4
7.7
6.2
-153.1
216.6
167.3
1955-January
February
March
2
2
2
6.1
6.7
6.7
-254.3
-105.4
176.9
2.1
2.1
2.1
6.8
9.5
6.9
-80.9
386.8
441.8
368.6
457.1
21,140.6
1937 to date 10/ p.
ImreBtBBnte
Bureau of OASI
24.4
26.0
27.1
April..
May....
June p.
124.5
Assets, end of period
Ret Increafie,
or decreaas (-),
In aeeete
1953
1954
1955 P
1954 -July
August
September
Refunds of
taxes 6/
1,760.7
559.1
660.5
784.1
1,568.5
2,067.1
.4
.7
^pendltures other than
Fiscal year or ncoth
Hev reporting basis:
Benefit
payaente
Total
j/
1953
1954
1955 P
1956 (Eat.)
August
September
1/
BllHone of dollara)
8,798.4
i
-
Aucjust 1955
.TRUST ACCOUHT AHD OTHER TRANSACTIONS
Table 6.- Unemployment Trust Fund
(In miUlona of dollara)
Beoelpts
State accounts
Fiscal year or nonth
Deposits
WW
19't9
1950
1951
1952
Hev reporting basis:
Statea
Contributions g/
Transfers froa Adnlnlstratlon Fund i/
10,555.5
1,007.3
984.0
1,098.8
1,362.6
1,439.0
746.3
130.6
9.7
14.9
15.4
5.4
1,593.8
1,492.5
1,424.4
1,371.1
1,246.0
1,145.2
15.0
17.8
4.9
4.2
1.6
1,711.8
1,400.0
42.8
275.2
11.9
42.5
274.6
8.0
34.7
218.4
169.8
23.7
217.7
13.4
23.0
157.2
19.4
22.8
156.5
15.1
56.5
311.4
104.0
45.6
310.4
14.8
8.7
1.6
20,210.7
964.1
96.0
12,257.8 5/
1,312.9
1,173.2
1,281.0
1,541.6
1,6U3.3
1936-47
^
Ballroad Ubeoploynent iDsuraoce Account 1/
Federal Unenployent Aocount k/
Transfers froa
general fund
792.0
165.3
180.1
167.1
164.1
184.5
56.9
9.7
9.0
.1
Interest iju
InTestjMuts
4.4
6/
1953
195"*
1955 P
1956 (Bst.)
195*-Julj
August
September
October
Rorenber
Deceaber
1955-<l'snuar7
February
Harcb
April
!««»
June p
1936 to date 1/ p
23,721.7 5/
14.2
64.3
87.1
21.0
202.8
224.4
199.1
203.7
.1
.2
.5
>
2.8
1.2
*
11.0
.6
.1
3.0
64.3
89.1
•
.2
.2
.5
3.2
1.1
*
10.9
.6
.4
84.8
64.3
2,279.3
Expenditures other than InTestasnts
Assets, end of period
Fiscal year or Boot^
State accotmts
Bailroad tAie^^loymeat Insurance
Aeoount X/
Withdrawals
by States
Benefit
pajaents
Total
Het increase,
or decrease {-),
In assets
7,852.0
8,298.4
8,138.3
7,414.3
8,064.2
8,647.1
17.0
24.6
44.1
23.6
15.0
26.9
9,246.7 1/
8,994.3
8,453.3
9,237.0
8,989.0
8,443.8
9.7
5.4
9.5
-136.0
95.5
-159.7
8,858.3
8,953.8
8,794.1
8,839.0
8,944.0
8,788.9
19.3
21.4
20.3
24.1
-118.1
62.5
5.9
8,676.0
8,738.5
8,744.4
8,668.9
8,730.9
8,739.9
7.0
7.5
4.5
180.7
165.9
173.2
23.4
18.4
18.7
-181.0
-27.1
-172.5
8,563.4
8,536.3
8,363.8
8,559.9
8,533.9
8,361.4
2.4
126.2
122.4
98.4
16.9
11.1
7.4
-86.7
178.0
-1.7
8,277.1
8,455.0
8,453.3
8,260.4
8,445.4
8,443.8
16.7
9.6
9.5
14,210.2
951.0
8,453.3
8,453.3
8,443.8
9.5
4,168.1
798.1
1,227.1
1,879.0
848.3
1,000.3
113.5
60.8
1953
1954
1955 P
1,009.8
1,744.9
1,965.4
912.6
1,604.8
1,759.5
97.3
140.0
205.9
1956 (Est.)
1,593.6
1,475.0
118.6
118.2
178.8
179.8
171.6
168.2
163.7
154.0
10.6
16.1
17.6
October
Rovember
Deceaber
152.9
155.9
163.9
131.5
135.5
139.8
1955-January
February
Msrob
204.1
184.3
191.9
143.2
133.4
105.8
Htfw
reporting basis:
1954 -July
August
Septeaber
April
Msy
June p
1936 to date 2/ P
^
7,869.0
45U.O
-140.6
-744.5
641.3
594.7
86.78/
146.5 5/
52.0
48.3
6/
15,268.4 5/
Source: See Table 1.
Excludes interla advanoe of $15 allllon from the Treasury and subsequent
repayamt, both taking place In the fiscal year 1940.
2/ Fepresente contributions under the Hallxoad Uneaployasnt Insurance Act
of 1938, as a^anded (45 U.S.C. 360 (a)), In excess of the aaount specified for adalnstrative expenses.
Bepresents excess funds of the Railroad Uneaployaent Insurance Adalnistratlcn Fund, uMer act of October 10, 1940 (54 Stat. 1099).
4/ Bepresents excess of collections froa the Federal unenployaent tax over
employment security adalnlstratlre expenses, to be used to establish and
aalntaln a $200 million reserve in the Federal unemployment account which
vlll be available for Mvanses to States (Public Lav 567, approved
August 5, 1954 - 68 Stat. 668).
^
Dbexpended
balance
7,869.0
8,323.0
8,182.4
7,437.9
8,079.2
8,673.9
4,388.8 5/
858.9
1,313.6
2,025.5
900.3
1,048.6
1936-47
1948
1949
1950
1951
1952
Investaents
584.0
-252.4
-541.0
2/
9.8
5.2
Total InoludeB $107.2 allllon tranef aired froa Stat«a to Railroad
TTneiQilojrBsiit Inaurance Account equivalent to aaounts of taxes collected with respect to period from Januarr 1936 to June 1939,
inolaelre, from enplojers vho ctae vltliin the porrlev of the Bailroad
Uneaq>lo7iBeDt Insurance Act.
As announced Februar? 17, 195^, s©® page 1, footnote 6.
Inoludes adjufitanents to Honthly Statement basis.
InolT^es transfers to the Kallroad ObeiqtloTiBent Malnlstratlon Fund
as follows: $9.7 llllon in 19'*9 and $S.6 million in 1950, representing adjostnent for orer -collect ions due to retroaotlre change
in tax rate (45 U.S.C. 358 (a)).
FTellalnar;.
Treasury Bulletin
10
-THUST ACCOUNT AND OTHER TRANSACTIONS.
Table 7.- Railroad Retirement Account
11
August 1955
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 9.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of June 30, 1955
(in mllllone of dollara)
laeruo
Treasury Bulletin
12
.TREASUEY CASH INCOME AND OUTGO.
i
follow the method used previously for deriving cash Income
and outgo from the transactions carried in the old Dally
The cash Income and outgo of the Treasury shown In
Table 1 consist of cash deposits and withdrawals In the
account of the Treasurer of the United States. This le
In line with the new reporting basis of the "Dally
Effective
Statement of the United States Treasury."
February 17, 1$^^, the Dally Treasury Statement shows
Statement.
penditures Instead of deriving separately the cash budget
and trust account transactions.
deposits and withdrawals In the account of the Treasurer
Budget results and trust account
of the United States.
and other transactions are now reported once each month
Reporting bases for the two statements differ in two
Certain corporation and agency transactions in
respects.
securities which are not effected through the account of
the Treasurer of the United States are Included in
In the "Monthly Statement of Receipts and Expenditures of
the United States CJovemment"
(
see page A-2 In the April 195'+
Issue of the "Treasury Bulletin"
Some rearrangement has been made In the table
setup, principally to combine all receipts and all ex-
the Monthly Statement but excluded from the Dally Statement.
These are eliminated from the Monthly Statement figures
in arriving at the cash transaotlons shown In the tables
).
Figures for previous fiscal years theretofore published
which follow.
have been revised to the basis of deposits and withdrawals
by eliminating corporation and agency transactions Included
Other differences arise because of the
differences in timing, as between checks issued (Monthly
Statement) and checks paid (Dally Statement for expendi-
In the old Dally Statement but not cleared through the
)
tures or between collections (Monthly Statement) and
clearances (Dally Statement) for receipts. Thus an
individual transaction near the end of a month may be
The cash borrowing or repayment of
Treasurer's account.
borrowing as now shown is likewise based only on transactions cleared throug-h the Treasurer's account.
included during that month In one statement but not
In Tables
2,
J,
and
'^
until the following month In the other.
is given the reoonolliation of
the cash transactions with the budget and
other
reporting date it Is necessary to Include an
adjustment figure to cover them.
a given
actions which formerly appeared in the old Dally Statement
and now appear in the new Monthly Statement.
These differences
tend to correct themselves over a period of time, but for
trans-
These tables
Table 1.- Summary of Cash Transactions
(In mlHlone of dollars)
Net oash tranaactlons other than borrowing
Flecal jear
or mooth
Cash
depoBits
191*8
,
19't9
1950
1951
1952
Hew reporting baala:
•5,399
lH,6a8
V0,970
February
March
April
Hay
June
July
1*0,1*68
8,956
1,160
-2,117
Net caah borrowing,
or repajnent of
borrowing (-)
Increase, or
decrease ( - )
in Treasurer* a
caah balance
Neaorandon: Ret
receipts from
exercise of monatary
authority 1/
-7,333
-2,621
1,621*
-1,1*62
1*6
2,01*7
25
1,839
1*3
53,'»39
1*3,087
1*5,726
7,711*
1*,163
-5,871*
68,093
67,786
307
-695
76,1*07
71,971*
71,B15
67,769
69,899
-5,062
-159
-2,130
2,763
2,255
1,579
68,845
68,251
593
-593
'»,299
5,009
6,306
71,3'»5
1955~«^an\iar7
36,1*1*3
Exceae of
depoalta, oi
vithdravala (-)
37
68
2/
1953
WSfc
1955
1956 (Est.)
Cash
vlthdravale
,
....,
-2,299
2,096
-551
35
-710
825
259
-1*51
5,1*81
-11*3
10,9't3
6,932
1*,010
-1*,270
682
-260
3,651
5,355
6,278
6,677
-1,701*
11,0U5
l*,368
2,955
209
-4,031
1,250
-522
336
2,991*
5,352
-2,358
2,953
595
5,51*7
-731
Source: Actual flgursa are based oa the Daily Treasury Statement, except
the memorandum item, which la from the "Monthly Statement of Becelpts
and Expenditures of the United States Crovemnent"; estimates are
based on the 1956 Budget document, released January 17, 1955, including effects of proposed legislation. Figures In the first four colUMI8 of this table may differ somewhat from those originally published
In the Dally Treasury Statement because of subsequent reclaaDlflcatlon
2j
2/
a.
56
73
29
of certain transactions
Consists of seigniorage on silver 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 la excluded firom the Bureau of
the Budget figures for "Becelpts from the public."
For explanation, see headnote.
Not available.
Auqust 1977
13
.TREASURY CASH INCOME AND OUTGO.
Table 2.- Derivation of Cash Depoeite
(In millions of dollars)
Recslpts
Fiscal 7ear or onnth
Budget (net) 1/
19l»7
Trust account
Total
Plus:
Noncash Items deducted
from budget receipts - excess
profits tax refund bonds 2/
19't8
1*1,1.88
6,2U.
6,515
1.6,030
1.8,003
19''9
37,696
5,711.
1.3,1.10
1950
1951
1952
36,1.95
1.7,568
U3,l61.
55,361.
61,391
6,669
7,796
8,807
-39
-10
-U
-1
-1
70,198
-1
39,786
New reporting basis:
i/
1953
WS"*
1955 P
1956 (Est.)
8,929
9,155
9,538
69,81.1
60,000
11,283
71,283
1.31.
....•
2,827
3,911
1,221.
3,261
5,135
'•,951
U57
5,'«58
370
3,009
991.
•
2,639
U.aoi
3,7te
5,191.
'»,632
61.,
61.,655
195lt-Julj
August
September
October
noTenber
December
1955-January
February
March
April
May
June p
825
60,303
'',655
5,1.27
9,71*1
3,732
l*,1.38
10,038
890
S68
600
778
528
1,320
1,677
73, 75".
73,811
l.,923
6,027
10,519
l.,260
5,758
11,711.
Treasury Bulletin
ll;
TREASray CASH INCOME
ATTD
OUTGO.
Table 3.- Derivation of Cash Withdrawals
(In mllllona of dollars)
J
.
-
.
August [955
15
.TREASURY CASH IMCOME AND OimX).
Table 4,- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollarB; negative flgaree Indicate net repayment of borrowing)
Fiscal year
or month
Public
debt increase
or docrease
Interest
on
savings
bonds
(-)
Treasury
blllB
1/
,
19^7.
•11,136
1469
191*8.
-5,99^
U78
559
580
19^*9.
»v,587
1950.
-2,135
1951.
1952.
3,883
riew reporting baalet
"J
1953
1951+
1955 P
1956 (Fet.).
195^-Julj . .
Aug....
Sept...
Less
Ret
Investments In
public debt
securities
:
Lose:
57''
638
779
and
accounts
3,362
3,060
a, 311
-1*5
3,369
3,355
719
52U
1*97
3,068
1,688
1,236
1,700
li50
2,553
-276
71
39
58
-1U5
1,793
-69
319
•1,229
-16 1*
97
186
281
-95
-160
-68
232
366
298
-2U
-lU
-8
2,lllO
-I*
-913
-123
166
13
-2
-2
-1
-1
-1
-1
-1
Guaranprofits
tax
refund
bonds
teed
securities
y
-39
-10
-U
-1
-1
-1
-9
28
Honguaranteed
securities
28
33't
-e
-lit
10
16
37''
-88
-32
-33
-155
-27U
-1.6
It,
023
123
-28
918
3,296
-20
1,022
-lOU
280
-81
13
31
-16
112
10
333
121
-61
6
1
27
51
^5
72
-133
112
-9
6
9
-86
-336
-127
51
-17
Apr ....
May
June p.
2,601
31
39
51
5
-358
Transactions
not cleared
through
Treasurer's
account
'',336
-387
-16
7,893
100
25lt
Adjustments for differences In reporting
bases for net trans
actiona in securities
by Government agencies
-7
-52
-108
-68
-79
-170
1,39'»
2,916
198
-311
-257
-k,Vik
-3,098
177
Ho tea to
Adjusted Interservice national
bonds 2/ BanJE and
Fund 2/ a/
7
29
-37
1955-Jon....
Feb
Mar
salt
By Gov- Armed
ernment forces
agencies leave
bonds
2/
2,673
2,178
3,9'ta
101
Total
deduc-
109
156
Oct....
Nov....
Dec . . ,
-103
Net sales of
obllgatlona of
Crovemment agencies
In the market
Plus:
tions
trust
fxindo
6,966
5,189
3,115
3,971
Less:
Issuance of public debt
securities Involved In expenditures of other accounts or in
refunds of receipts
Other
differences
'',163
-5,87lt
-695
17
-238
-593
-356
118
-117
3,61*5
-2
3,996
-107
-3U9
5
1
-28
32
-25
-7
-1
-11
-83
-10
521
-2lt
*
8
-88
3
-ItO
-ItO
102
55
36
137
6
67
-63
-9
-55
6
-376
5
5
21'
-52
31
237
-30
-38
221
237
-25
202
6eo
656
1,032
i.iait
1
2,763
2,255
1,579
3
-90
161
55
-63
(-)
6/
-19,395
-7,333
-2,621
-39
-28
-S
30
32
Equals:
Net cash
borroving,
or
repayment
of
borrowing
-19
28
-229
259
-ll'3
-It
,270
2,955
209
-l',031
budget receipts at the time of Issuance and as a cash deductlooi at the
tlJM of cash redemption; net issuance, or redemption (-).
Net Inveetaiiente of GoTemment agencies in public debt securities and
net sales of obligations of Government agencies In the market.
Includes borrovlJig through Postal Savings System.
For explanation, see beadnote.
Lobs than $500,000.
Source: See Tal)le 2.
1/ Accrued discount on saTinge 1)oiid8 and bills leas Interest paid on
saTlngB bonds and bills redeensd.
2/ The Issuance of these securities la treated as a noncash budget expenditure at the time of Issuance and as a cash budget expenditure at the
time of cash redemption; net issuance, or redemption (-).
See Table 3, footnote 3.
yj The Issuance of these securities Is treated as a noncash deduction from
Preltminari'
Footnotes to Table 3
i/
2/
^
y
^
6/
2/
8/
For further detail, see "Budget Becelpts and Expenditures," Table 2.
Includes net Inveatanents of Goremment agencies in public debt sectirltlee and net redemptions in the market of securities of Government
agencies (see "Trust Accotmt and Other Tr ansae tl cms," Table l).
The lAilted States subscription to the capital of the Intematlcoial
Monetary Fund was paid In part froa the Exchange Stabilization Fund
(see "Treaaurj Bulletin" for September 19^+7, page 17).
Accrued discount on eavinge bonds and biUa less Interest paid on savings bonds and bills redeemed.
Prior to 1951, consists of net investments of corporatioos not vfaollj
owned; beginning vith that year, inclodes also those of ^olly ovned
corporations and agencies vbloh for prior years are Included In budget
expendlturee.
For explanation, see beadnote.
Treated as noncash expenditures at the time of Issuance aM as cash expenditures at the time of redeoiptlon; net Issuance, or redemption (-).
As shown In the "Monthly Statement of Becelpts and Bqwndlturee of the
States Government ; conaiste of changes in checks and Interest
coupons outstanding and telegraphic reports from Federal "BoBeTve Banks,
and beginning with the fleoal year 195^^, also changes in deposits in
transit and cash held outside the Treasury.
Net investments of Government agencies in public debt securities and
net rede]^)tions of obligations of Govemaent agencies in the market.
BKcess of expendituree on Monthly Statement basis Is deducted.
Since deposit funds (net) are Included under trust aooount expenditures, the interest received by corporations not i^olly owned is
carried there as a negative expenditure. Thus whan budget expenditures end trust account expenditures are combined, the payment and
receipt of this Interest offset each other. Payment of Interest to
irttoUjr owned Government corporations is offset because it Is treated
as a negative budget expenditure wban received by the corporations.
Leee than $500,000.
Preliminary.
Tftiited
2/
2£i/
jL^/
*
p
Treasury Bulletin
16
DEBT OOTSTANDHKr AND TREASURES 'S ACCOUHT
Table 1.- Summary of Federal Securities
(In millions of dollars)
End of
fiscal
year or
month
Total outstanding
Total 1/
PubUc
debt
90
1949.
1950.
1951.
195a.
1953.
259,151
266,123
1.6
81
73
27
20
29
I95I*.
271,31*1
259,105
266,071
271,260
1955.
271*, 1*18
27l*,37l'
1.1.
52
teed
securities 2/i/
Public
debt
aecurl ties 2/
256,286
252,292
252,770
257,357
255,222
191*6.
Public debt
Guaran-
Guaranteed
258,376
252,366
252,796
257,377
255,251
191*7.
Matured debt and debt bearing no interest
Interest-bearing debt
63
3,179
69
2,231*
21*
17
27
2,012
2,150
2,372
256,863
1.1.
263,91.6
268,910
255,197
250,132
250,765
255,226
252,879
255,113
250,063
250,762
255,209
252,852
256,907
263,997
268,990
271,765
MonetalT
Fund !»/
Total
3,173
2,229
2,009
231
280
2,11.8
265
21*5
1,721*
1,161
1,063
1,270
1,283
2,370
512
2,2U1»
2,21.2
1*19
51
80
2,126
2,351
298
1,302
1*37
271,71*1
1*3
2,631*
2,125
2,350
2,633
1,1.U
1,567
589
1,271*
Other
1/
Guaranteed
securities 2/
(matured)
1,218
786
701
613
575
550
525
502
1*77
Debt peak:
1,063
279,761*
279,211.
551
278,1*51
277,912
539
1,313
1,301
238
1953 -December..
275,21*1*
275,168
76
272,956
272,881
75
2,286
2,267
1*36
1,31*0
511
1951* -July
270,981.
27l.,955
266,699
272,719
2,305
2,263
2,371
2,303
2,262
2,370
31*1
1,1.26
1.95
271., 610
19
26
27
1*99
27l*,838
268,681
272,693
272, lAO
1,1.1.2
September.
21
27
29
362
AuglLSt ....
271,005
274,982
1,538
1*93
October. .
Hot ember..
December,
278,786
278,888
278,752
276,853
278,750
31.
276,1*32
276,51*5
275,761*
276,1*00
33
33
33
2,353
2,352
1,51*1*
1.90
2,31*3
2,31*2
3,019
1,553
1,528
1*90
3,020
339
318
299
1,003
21*
2,71*3
2,619
2,617
33
32
2,81.8
2,81*7
729
596
792
1,528
1,536
1,572
1.67
25
271*, 01.6
275,696
275,565
271,200
2,71*5
27l»,08o
275,718
275,590
271,232
22
278,209
278,U39
278,182
276,686
277,515
276,61.9
277,1*72
37
273,961
273,921.
37
271*, 801.
1.2
271., 1.16
1*1.
271,785
271,71*1
1*3
2,631.
1,576
1,576
1,567
1.82
271*, 61*6
27l*,37l*
2,725
2,668
2,633
665
1*3
2,726
2,669
Feb. 191*6
1955 -January. .
February .
March
April.
May...
June.
278,781*
278,1*63
31*
31*
27
272,1*67
276,511
275,731
Source: Daily Treasury Statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Excludes guaranteed securities held by the Treasury.
Consists of FHA debentures beginning March 1953.
Special notes of the Uhlted States issued to the International
Monetary Fund in payment of part of the Uaited States subscription.
i
5/
6U
569
1.88
1.66
1.83
1.60
1.77
poreuant to prorlelona of the Bretton Wooda AgreeaiBate Act. The
notee bear no Interest, are nconegotiable, and are payable oa demand.
Similar notes Issued to the International Bank and outstanding 19^7-19^9
are Included under "Other."
Incliides sarlngs stamps, excess profits tax refund bonds, ourrency
Items, and notee Issued to the International Bank (see footnote k)
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollare)
17
August 1955
DEBT OUTSTAiromG AND TREASUTOIi'S ACCOUNT
Table 3.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
Treasury Bulletin
IS
DEBT OUTSTANDING AND TE^EASDRER'S ACCOUNT
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
^^
(In milllonB of dollars)
Ibcport-
End of
fiscal
Commodity
Credit
Corporation
year or
month
Defense
Production
Act of 1950
Import
Bank of
Washington
2/
2/
19''7
ll,9l»6
1948
19''9
2,789
6,851
1950
1951
9,097
510
UUO
1,669
3,193
2,555
9,636
12,196
1,970
3,612
12,91(9
l4,l80
773
16,275
7,608
1953-Dbo....
12,953
1951. -July...
13,102
15,027
15,166
6,266
1952
1953
WJl*
1955
Aug....
Sept...
Oct
Mov
Dec .
.
.
1,549
782
964
1,097
1,002
1,088
1,227
1,347
1,310
2,038
2,446
2,233
1,966
1,150
1,189
1,203
1,209
3,9W
501
i,5oe
2,396
'4,290
6,31*1
798
840
901
,330
,332
,354
15,'t05
6,l»60
9I.3
l't,it63
5,381
5,532
986
991
5,738
5,881
l'',633
li»,358
Feb
Mar
lii,W7
15,016
.
.
Foreign
Operations
Administration 2/
516
971
914
964
1,040
1955-Jaii
Apr
May
June ,
Federal
National
Mortgage
Association kj
,
15,732
.
16,275
16,0I<6
Housing
and Home
Finance
Admlnlatretor 6/
Public
Housing
AdmlnlBtratlon
3^*7
362
337
Pecon*
etructlon
Finance
Corporation 1/
9,966
1§/
1,856
1,456
274
Rural
Electrification
AdjnlnlB-
tratlon
Secretary of
Agriculture
8/
718
1,015
1,281
1,540
65
114
TennesBee
Valley
Authority
Other
2/
56
54
52
49
44
550
244
226
100
207
39
34
1
30
3'*9
44
197
159
154
«0
655
655
215
61
1,751
1,950
2,117
2,240
131
171
226
229
29
14
178
270
369
507
1,196
92
537
157
2,033
241
29
321
2,255
2,235
2,323
1,204
1,205
1,206
107
107
107
237
168
165
154
148
2,136
2,136
2,136
197
197
197
19
19
19
374
374
4l6
,354
,343
,354
2,326
2,415
2,449
1,207
1,207
1,208
117
117
114
165
145
90
2,176
2,176
2,176
222
257
257
19
19
14
416
4l6
448
6, 1*26
994
999
1,002
1,305
1,304
1,293
1,922
1,943
1,945
1,209
1,208
1,209
120
120
124
95
107
79
2,221
2,221
2,221
292
201
226
14
14
14
448
448
476
7,067
7,356
7,608
1,003
1,004
i,ooe
1,293
1,331
1,310
1,968
1,975
1,966
1,209
1,209
1,209
124
124
130
79
86
61
2,271
2,240
2,240
226
229
229
14
14
14
477
477
507
158
395
1*16
oource: DEdly Treaeury Statement,
1/ The aecurltlee ahovn In thla table were Issued to the Treasury to finance Government corporations and other agencies vlth the Treasury
Iteeli* raising the necessary funds through public debt operations.
To
avoid duplication, these securities are not Included In the guaranteed
debt outstanding as shovn In preceding tables.
2/ Consists of notes of the Secretary of the Interior (Defense Minerals
EKploratlcn Administration), Ejcport-Import Bank of Washington, the
Administrator of the General Services Administration (defense materials
procurement), the Secretary of the Treasury (Peconstructlon Finance
Corporation obligations prior to October 1953), and the Secretary of
Agriculture beginning June 1954.
Excludes aecurltiea issued under Defense Production Act.
From
September 1950 through Julc 1954, consists of notes of the HOTising
^J
and Hone Finance Administrator Issued to borrow for the Association.
Beginning August 1954, consists of liabilities taJcen over by the
Association from the Administrator In accordance with Public Lew 560,
approved August 2, 195^, and notes issued by the Association under
authority of that act; and beginning September 1954, also secrn-ities
transferred from the Reconstruction Finance Corporation (see footnote 7),
Prior to September 1950, the Association was financed from funds of the
Becanatruction Finance Corporation, which owned the capital stock.
And the predecessor Mutual Security Agency.
Coneists of notes Issued to borrow for the urban renewal program
( formerly slum clearance program) ,
the prefabricated housing loena
67
103
489
program from September 19^0, when it was transferred from the Peconstructlon Finance Corporation, through Noreniber 195^! and housing loans
for educational Institutions beginning July 1951. Notes Issued to
borrow for the Federal National Mortgage Aesoclation are shovn under
the Association.
2/ Excludes eecurltlee Issued under Defense Production Act of 1950; includes eecurities Issued under Federal Civil Defense Act of 1950 through
November 1953 » after irtilch they were taken over by the Secretary of the
Treasury, pursuant to the act approved July 30, 1953 (6? Stat. 230), and
are Included under "Other." During September 195'+, under Reorganization
Plan No. 2 of 195*** t^ remaining securities Issued by the Corporation
to the Treasury were transferred as follows: $1*2 million to ExportImport Bank of Washington, $92 million to Federal National Mortgage
Aasocatlon, and $11+ million to Small Business Administration.
8/ For Farmers* Home Administration program,
2/ Consists of notes issued by Federal Farm Mortgage Corporation and Home
Owners' Loan Corporation prior to 1950, Virgin Islands Company, 19li8-49,
Secretary of the Army (Natural Fibers Revolving Fund) 19^9-51, Secretary
of the Treasury beginning 1953 (see footnote 7), and Small Businese
Admlnlstratlcn beginning September 195^** advances under agreements with
Veterans' Administration for direct loon program beginning August 1950;
and revenue bonds issued by Saint Lawrence Seaway Development Corporation, beginning November 195**.
10/ Notes outstanding In the amount of $9, 365 million, Including Interest,
were canceled on June 30, 19^ (62 Stat. II87).
August [955
19
DEBT OUTSTAHDING AND TREASURER'S ACCOUNT
Table 6.- Statue of the Account of the Treasurer of the United States
(In mllliona of dollare)
Treasury Bulletin
20
STATUTORY DEBT LIMITATION
except that this amount was Increased by |6 billion beginning on August 28, 195'^. a"d ending on June 30, I956,
by acts approved August 28, 13^'i, and June 30, 1955-
Jl U.3.C.
The Second Liberty Bond Act, as amended (
obligations Issued
of
amount
face
the
that
provldeB
b),
757
under authority of that act, and the face amount of
by
obligations guaranteed as to principal and Interest
the United States (except guaranteed obligations held by
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included In the statutory debt limitation at current
shall not exceed In the
aggregate $275 billion outstanding at any one time.
the Secretary of the Treasury),
redemption values.
Table 1.- Status under Limitation, June 30, 1955
(In milllona of dollars)
^
Imposed by the act
of securities i*lch may be outstanding at any one time, under limitation
August 28, igS^and June 30, 1955
of June 26, 19I.6 (31 U.3.C. 757 b), as Increased temporarily by the acts of
MaiUmm amount
.ioi.ooo
Amount of securities outstanding subject to such statutory debt limitation:
273,871
V. S. Oo»emment securities issued uMler the Second Liberty Bond Act, as amended
Guaranteed securities (excluding those held by the Treasury)
273,915
Total amomit of securities outstanding subject to statutory debt limitation
'^^
Balance issuable under limitation
Source:
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1955
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Public debt!
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Postal savings and Panama Canal bonds
1*0,729
1*0,729
81,057
71
81,057
71
71
155,206
155,136
12,589
58,365
1,913
1H7
12,589
73,285
73,285
58,365
1,913
•
"117
Total nonmarketable
'»3,250
'3,250
Special Issues to Government agenciee and trust funds
271,671
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United Staies:
International Monetary Fund Series
United States notes (less goLi reserve)
Deposits for retirement of national bank and Federal Eeserve Bank notes
Other debt bearing no interest
71
589
1
1
191
232
6
Total public debt
271,7'H
58^
1,567
Total debt bearing no Interest
Guaranteed securities:
13,836
13,836
•*•'
Total
outstanding
19,51'»
19,5111
'
Total marketable
Honraarketable
U. S. savings bonds (current redemption valxie)
Treasury savings notes
Depositary bonds
Treasury bonds , inveslanent series
Hot oubject to
statutory debt
limitation
1,567
191
232
6
1,616
lt28
2,0Wl
273,871
50l»
27'»,37'»
1/
"»3
Interest-bearing
Matured
in
1
1
Total guaranteed securities
M»
Vt
273,915
Total public debt and guaranteed securities
Source:
Bureau of the Public Debt.
1/
SO"*
Excludes guaranteed securities held by the Treasury.
271>,'H8
21
iagust [955
.DEBT OPKRATIOHS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding June 30, 1055 ^
(In millions of dollars)
Treasury Bulletin
22
.DEBT OPERATIONS.
Securities
Table 1.- Maturity Schedule of IntereBt-Bearlng Public Marketable
I-SBued by the United States Government
and Outstanding June 30,1955^ -(Continued)
(In millions of dollare)
August
iW
23
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar amounte In mllllanfl)
Treasury Bulletin
21^
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
Auqust 1955
25
.DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Called or
natvirliig aecvirlty
j/
Issue
date
Description
Disposition offers
by Treasury
Anount
outBtanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Turned
Exchanged
(In mllllone of dollars)
1-7/8^ Certificate
I-T/Sit Certificate
l-7/8j6 Certificate
-
-
7/l/52-B
8/15/52-C
9/1/52-D
8/1/51
9/15/51
10/1/51
Total
5,216
583
1,832
IO/I/52-E
10/15/51
1-7/856 Certificate -
12/1/52-F
12/15/51
1,063
1-7/8)6 Certificate -
2/15/53 -A
3/1/52
8,868
1-7/8)6 Certificate Bond
6/1/53-B
6/15/53-55
7/1/52
l*,963
10/7/110
2)6
Total
10,861
725
5,688
2)6
Certificate
-
8/15/53-C
8/15/52
2,882
2)6
Bond
-
9/15/51-53
9/l5/'t3
7,986
2-1/8)6 Note
-
12/1/53 -A
10/1/52
10,01*2
2-l/U)6 Certificate -
2/15/5't-A
2/15/53
8,111*
1-3/8)6 Note
-
Z/lih^-k
12/15/1*9
'*,675
Bond
Bond
Bond
-
6/15/52-51*
-
6/15/52-55
-
6/l5/5l*-56
6/26/1*4
2/25/1*2
7/22/1*0
5,825
1,501
681
2)6
2-l/l»)6
Total
Bond
Bond
Bond
2-l/Ui6
20,796
2)6
-
2-l/ll)6
-
2-5/8)6 Certificate -
6/15/52-5U
6/15/52-55
6/26/1.1*
l,7't3
2/25/1*2
7/22/1*0
373
6/15/514-56
6/l/5l(-B
6/1/53
l*,858
Total
311
7,285
2-5/8^ Certificate -
8/l5/5l>-D
8/15/53
2,788
2-5/8)6 Certificate -
9/l5/5lt-E
9/15/53
It,
Total
1-7/8)6 Note
2*
721*
7,512
12/15/51»-B
12 A/53
8,175
12/15/52-5'*
12/1/lnl
8,662
12/15/51-55
12/15/ltl
510
17,3'*7
^l*
1,575
2,1*16
l-7/8it Certificate -
2-l/lt)6
'1,963
-
5/
in
for
cash 2/
Description of new
security offered
Treasury Bulletin
26
.DEBT OPERATIONS.
Bonds, Notes,
Table 4.- DlBpoeltlon of Matured Marketable Issues of Treasury
(Continued)
Indebtedness
of
and Certificates
27
August 1955
.UNITED STATES SAVINGS BONDS.
United States savlngB bonds were first offered In
March I935 and began to mature In March 19'^5- Series A-D
were sold between March 1935 and the end of April 19'H.
were first offered In May igi*!.
and Series E, F, and
on May 1, 1951. owners of
mature
began
to
When Series E
details of these changes see "Treasury Bulletin" for
began to mature on
May 1952, page A-1. Series F and
May 1, 1953. For the exchange offering made to holders
of these bonds maturing through December "}!, 1953. see
The Treasury Invited
the May 1953 Issue, page A-1.
To redeem
the matured bonds were offered three options:
the bonds In cash In accordance with the original terms;
holders of Series F and
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
bonds.
for Series
May
1,
bonds.
1952.
A number of changes became effective
The rate of
The principal ones were:
Interest accrual on Series E was Increased, especially for
the near term, with corresponding changes In extended
Series E; and Series F and 3 were replaced by two new
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond, Series H, similar In Interest
return to Series E, was offered beginning June 1. For
195!^ to
which began to mature in Jaruary
reinvest the proceeds In other series of savings
In the tables which follow, Series A-F and J sales
are Included at Issue price and total redemptions and
SerlesO,
amounts outstanding at current redemption values.
Matured
H, and K are Included at face value throughout.
bonds which have been redeemed are Included In redemptions.
Matured
F
and
bonds outstanding are Included In the
Interest-bearing debt until all bonds of the annual series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
Table 1.- Sales and Redemptions by Serlee, Cumulative through June 30, 1955
(Dollar amounte in millions)
,
.
..
:
Treasury Bulletin
2S
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redeirptlons by Periods, Series E through K
(in millions of dollars]
Accrued
discount
Ssles plus
accrued
dlecotint
Series E and E combined
Fiscal yeare:
Il6,l»00
19'H-19'»7
19l>8
19^9
1950
1951
1952
1953...
WS^t 2/
1955 2/
Calendar years
ll,026
l»,278
3,993
3,272
3,296
It, 061
'•,653
5,225
:
1Q41-I9li7
WliS
19^9
1950
1951
1*8,230
k,22k
It
,208
195a
1953
3,668
3,190
3,575
I*, 368
195lt
li,889
Months
195lt-Julj 5/..
393
August.,
September
367
1(15
October.
November.
December.
369
1955-Januar7.
February
March ....
573
April
May
June
381;
I*li5
1*65
518
I.lt8
l»19
1(28
1,388
Amount outstanding
Redemptions 3/
Sales
price kj
Accrued
discount
Interest-bearing
debt
Matured debt
:
:
.
.
,,
..
,
29
August 1955
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued!
(In mllllona of dollarej
Accrued
discount
Redemptions 2/ i/
Sales plus
accrued
discount
Sales
price
y
Accrued
dlecount
Amount outstanding ( interestbearing debt)
Fiscal years:
W.llOO
19'tl-19't7
19k&
19^9
1950
1951
1952
1953
It
,026
3,993
3,272
3,266
3,700
3,988
195lt
1955
Calendar years
it.ogs
19'>l-19't7
19i»8
1*8,230
It,
221*
19^9
1950
1951
1952
1953
1(,208
195'*
'',023
3,668
3,190
3,393
3,906
198
136
1,388
633
1*7,788
'1,659
753
895
1,035
1,111
1,120
5,032
U,887
U,a21
l*,008
i*,032
1,126
1,123
5,111*
'*,319
16,799
3,689
3,368
3,326
3,987
3,583
3,532
3,765
551*
3'*,875
35,661*
36,1*58
5,218
l*,l*90
3,851*
636
37,186
1,687
696
818
971
1,080
1,120
1,128
1,126
1*9,918
18,921
3,728
18,661
3,575
260
l*,920
5,025
3,1*1*8
3,271*
171*
30,997
32,188
33,766
l*,639
i*,270
3,912
I*, 036
21*5
31*, 1*93
31*8
3i*,727
'*,513
5,031*
5,11*9
1*,098
3,667
3,688
3,622
3,609
3,871
1*76
35,11*3
531
535
36,036
36,778
16,997
3,825
3,530
3,521
'•,307
'»,377
I*
,295
I*,
11*1
l*,lt06
30,791
31,625
33,127
162
195
307
31* ,1*91*
3l*,506
1*25
500
I5U
Months
306
338
303
UO
1*16
385
80
80
1*18
38I*
37I*
October, ,
November
December,
301
78
95
123
379
1955-January , ,
February,
March , , ,
1*18
531
357
113
8U
39't
April
May
June
335
332
3110
U3
195l4^uly
August, , .
September.
,
313
356
31*36/
336
318
te6/
36,1.89
38
31
36,533
36,568
321
336
399
289
289
33
31*3
56
1*1*1
399
339
68
88
81
1*71*
1*00
332
251
328
72
36,909
37,011
37,086
77
90
1*13
323
1*7
37,128
tea
370
385
1*32
50
65
37,161*
1*53
336
366
31*9
1*08
1*79
Series
1*7
r
36,626
36,698
36,778
37,186
H jj
Fiscal years:
1952
1953
1951*
1955
Calendar years:
30
360
665
30
360
665
1,130
,130
30
385
6
26
55
6
26
1,021*
55
2,099
16
38
16
181
627
38
1,1*55
1952
1953
182
182
1*62
1*62
1951*
866
866
August,,,
September
87
77
63
87
77
1,108
1,181
63
1,21)0
October.
November,
December
68
70
89
68
70
1,301*
89
1,1*55
1955-Joauary ,
February
March.,,,
155
108
125
155
108
125
1,606
1,710
1,828
U2
112
87
88
1,935
2,016
2,099
Months:
19514-July
April
May
June .
Source:
, . .
87
88
Daily Treasury Statement; Bureau of the Public Debt,
1,371
Footnotes at end of Table
1*.
.,.
,
Treasury Bulletin
30
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In milllone of dollars)
Unmatiired bonds
Matured bonds
I^rlod 8/
Total
natured
Fiscal years:
1951
1952
1953
195^
1955
Calendar years:
6,137
5,109
5,621
6,515
7,251
1950
1951
1952
1953
195l^
Months:
195^-July 6/,,
August. . .
September
October. ,
November.
December.
1955 -January .
February.
.
March
April.
May
June
.
.
.
,
Series
A-D
For
cash
In exchange
for Series G
and K
Sorlee
F end G
Total
Sales
Accrued
tinnatured hJ
price*/
dlscoiint
31
Aiiqust [955
.UNTIED STATES SAVTHGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and H Combined
i/
(In thousands of pieces)
Period
Total, all
denominations
$10 2/
$25
$50
$100
$200 2/
$500
$1,000
$5,000
y
$10,000 Js/s/
Treasury Bulletin
32
.UNITED STAIES SAVINGS BONDS.
Combined
Table 6.- Sales by States, Series E and
(In tbouaaods of doXXars at laaue priced
Inception
through
June 30,
1955
Alabaaa
Arlzooa
Arkansas
195lt
July
800,876
3,811*
27l»,39l*
Aug.
3,127
1,601
1955
Not.
Sept.
3,m
Fet>.
Mar.
5,281
2,029
2,689
3,560
1,920
3,086
3,101
1,302
2,368
3,336
1,080
2,047
1,338
2,156
2,602
3,908
1,637
3,815
24,289
3,163
4,560
22,831
2,819
4,622
20,925
3,050
5,114
22,038
3,253
5,669
30,808
3,578
6,438
31,054
3,565
5,363
35,913
783
4,480
4,309
1,119
3,173
6,095
854
3,644
10,073
1,117
4,023
6,127
3,'*36
'•79,707
1,268
2,oae
5,670,969
616,869
23,355
2,388
29,398
l,27l»,9l»l
'*,991
4,997
177,81*3
909,706
830
3,585
783
3,256
738
2,438
9Wi,M5
5,95"*
691
3,563
5,350
'•,563
'*,539
777
3,322
5,088
905,102
219, Ult
6,300,105
l*,l*71
lUlnolB
801
38,200
3,678
802
38,804
4,027
827
37,186
3,836
1,121
30,932
4,020
821
32,313
3,984
895
40,614
4,920
1,515
60,061
4,767
1,174
42,352
4,409
1,073
50,648
Indiana
Iowa
Kansas
2,153,522
2,101,871
1,235, WtJ»
11,982
10,617
5,172
12,778
10,672
6,860
11,392
10,578
6,620
10,592
9,294
11,633
9,910
5,841
ll*,963
5,91*0
6,053
18,220
24,987
9,073
13,231
13,639
10,941
17,006
20,555
15,379
8U5,038
801,153
311*, 177
'»,'*57
5,425
3,199
1,258
3, 1*59
4,857
3,240
1,530
1,233
3,814
3,138
1,191
3,796
3,078
1,260
4,795
3,566
1,323
6,123
4,720
1,487
5,817
3,982
1,216
5,921
4,429
1,588
969,189
',567
8,337
21,962
3,997
9,352
25,556
3,826
7,884
21,975
'*,531
9,211
18,044
5,225
10,144
5,636
9,664
25,698
l*,973
7,894
22,789
10,034
25,144
5,693
10,788
29,025
7,132
2,107
12,049
6,695
2,099
12,411
6,281
1,695
10,565
6,991
1,890
10,944
9,991*
9,'*75
1,850
13,350
3,935
16,120
7,963
2,722
15,086
8,801
2,711
15,877
1,714
7,293
531
1,899
6,908
447
1,940
6,592
650
2,336
6,744
369
2,917
7,563
357
3,716
9,598
472
3,387
10,842
677
3,265
12,485
781
666
14,227
756
641
15,605
954
911
17,773
989
974
22,193
1,382
746
I6,l60
1,213
796
17,658
1,101
59,769
42,812
California
Colorado
Connecticut
Delavare
District of Columbia.
Florida
Georgia
Idaho
Eentuc)Qr
Louisiana
Mains
Maryland
Maaeachueetts
Michigan
2,36)1,52 1*
u, 236 ,009
Minnesota
Mississippi
Missouri
1,613,390
7,1*97
"•92,957
2,ll'l,922
2,136
11,217
399,15'*
l,ll«),6l8
1,925
5,693
Montana
Neba*a6ka .............
Nevada
2,U6
3,17"*
'*,3l*3
1,31*0
15,51*1
1*1,158
3,1*58
6,332
89,659
5'*2
Nev Haiqpahlre
Hew Jersey
New Hsxioo
194,908
2,92lt,U5
181,521
896
16,691
15,1*54
1,001*
858
687
14,544
1,049
Hew York
North Carolina
North Dakota
9,272,306
931*, 859
i*l*,809
39,052
3,518
1,837
36,539
3,206
1,725
37,809
3,175
1,881
39,557
3,750
46,966
'*,307
5,1'*'*
'*,786
2,U0
3,119
2,51*1
2,568
Ohio
Oklahoma
Oregon
"1,838,209
957,81*6
830,1*38
25,910
30,560
5,163
3,593
3,11*8
21,508
5,108
2,693
25,192
4,481
3,328
25,929
5,192
2,500
27,319
5,976
2,597
33,509
7,016
5,304
32,861
6,569
3,517
29,983
l*,623
FennsylTsnla
Bhode Island
South Carolina
6,229,592
388,607
33,386
34,012
1,1*25
2,020
30,936
1,125
1,738
31,074
1,220
1,848
39,562
1,562
1,925
44,348
1,629
1,985
32,389
1,221
1,730
37,792
1,1*11
1*68,1*51
2,3't5
2,078
39,395
1,920
2,321
1*63,896
2,066
2,829
2,800
13,065
3,484
4,007
12,605
3,331
6,059
17,602
3,427
5,123
20,554
4,019
4,864
15,130
1,719
348
6,518
1,184
1,327
1,31*5
1*56
'*31
5,879
1,318
465
6,728
8,082
6,668
1,771
448
7,429
5,591
3,805
8,616
724
6,004
6,069
12,269
668
8,060
8,727
15,195
1,205
6,777
728
7,286
3,696
8,539
797
144
1,123
202
160
1,191
177
198
1,21*3
3
7
3
173
1,182
182
7
193
1,126
175
4
'M3'>,561
3,322
1,687
South Dakota
Tennessee
Texas
868,986
2,872,107
2,139
3,880
12,371
2,077
3,779
13,313
2,410
3,578
12,185
Utah
Teraont
Virginia
311,760
1,395
110,1*71
1*45
5,561*
1,371
368
6,757
1,153
458
1,294,091
1,391,206
6,005
3,5*3
6,808
5,324
3,603
Washington
West Virginia
Vlsccaaln
looming
Canal Zone
Hawaii
Puerto Flco
Virgin Islands
Other possessions....
71*6,31*1*
1,792,076
160,869
10,21*0
1*8,81*3
185
31*9,321*
1,571*
1*8,1*01
193
7
2,295
655
4,093
10,720
651
191
1,284
U8
U
5,311*
9,91"*
"*,58o
12,279
31*7
132
31*, 1*68
MJustnent to Daily
Treasury Statement.
Total.
+1,637, '•75
+13,23"*
+18,178
+5,215
+19,019
+28,132
+'*,385
+39,445
79,203,563
393,01*7
1*15,303
366,583
369,412
383,561
444,754
573,132
1,51*1
713
42,509
4,643
1,930
5,431*
3,986
Apr.
Hay
33
Aaqust [955
.TREASURY SAVHISS NOTES.
Treasury tax and aavlngB notes have been Issued as
Tax Series A from August 1, l?**!, through
follows:
June 22, 19't3; Tax Series B from August 1, \3^1, through
September 12, igltS; Savings Series C (originally designated
Tax Series C) from September l4, igl^S, through August 31,
XShi; Savings Series D from September 1, 19'^8, through
May \'^, I95I; Savings Series A from May I5, 1951. through
May Xh, 1953; Savings Series B from May I5, 1953. through
^'^^ a "6" Savings Series C from
through October 23, 1953, when sale of these
Details concerning terms and
notes was suspended.
conditions for purchase and redemption and information on
September 25, 1953;
October
1,
investment yields of Savings Series
C
appear in the
October 1953 issue of the "Treasury Bulletin,'
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.
page A-1.
Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1955
(in mllllonfl of dollars)
Treasury Bulletin
i^
.OWNERSHIP OF FEDERAL SECUEITIES,
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollare)
35
Auqust [955
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ - In billions of dollars)
Treasury Bulletin
36
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1955.
The Treasury Survey of Ovmershlp covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
Data were first published for
the United States.
March 31, igl+l, In the May 194l "Treasury Bulletin".
Section
I
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commer-
cial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June JO
and December 31. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March 1S3^
Bulletin for quarters beginning December 3I, 19'^9.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par Taluee - in millions of dollars)
Auqust 1955
37
.TREASURY SUEVEY OF OWNERSHIP, MAY 31, 1955.
I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
Section
(Par Taluee - In mllHana of dollars)
Treasury Bulletin
38
.TREASURY SURVEy OF OWNERffilP,
M/Cf 31,
1955.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Far values
-
in mllUone of doULare)
August 1955
39
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1955.
Section
II
-
Interest-Bearing SecuritleB Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par Taluee - In minions of dollarB]
.
Treasury Bulletin
1^0
.MATKET QUDTATIOHS ON TEEASURT SECURITIES, JUNE 30, 1955
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter closing 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
the Treasury by the Federal Reserve Bank of New York.
Government are excluded because they are not regularly
The securities listed Include all regularly quoted
quoted in the market.
Table 1.- Treasury Bills (Taxable)
Aaount
hi
August [955
.MAKCET QUOTATIONS ON TREASURT SECURITIES, JUNE 30, 1955.
Table 4.- Taxable Treasury Bonds
(Price deollAlB are 32xidB)
Aacnmt
Treasury Bulletin
l^2
.MAHCET QXXXTAnONS ON THElASURy SECURITIES, JUNE 30, 1955.
o>
in
o
to
UJ
(O
..
.
,
..
August 1955
^3
.ATEIUCE YIELDS OF LONG-TEEM BONDS,
Table !•- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Feroent per aonun)
Taxable
Treaetoy
bcDde
i/2/
Noody'a Aaa
corporate
bODda
i/
Taxable
Treaaxury
bonds
Amual acrlee
19^.
2.83
2.73
2.72
2.62
2.53
19lt7.
2.U6
2.47
2.48
2.37
2.19
2.25
19lj9-Jan.
2.1t2
2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58
19*3.
19W*.
I9W.
-
1950-Jan.
F»b..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Wot.
Dec..
,
1951 -Jan.
Feb..
Mar..
2.39
2.38
2.38
2.38
2.38
2.27
2.21)
2.22
2.22
2.20
2.19
2.20
2.2lt
2.27
2.30
2.31
2.33
2.311
2.33
2.36
2.38
2.38
2.39
2.39
2.l»0
2.ll7
From 10 to
20 years kj
20 years
and after
Moody's Aaa
corporate
bonde
calepdar year aTerages of nanthjj aerlea
2. III.
19118.
19't9.
2.31
2.38
2.57
2.68
1950.
1951.
1952.
2.ee
2.66
2.62
2.86
2.96
1953.
1951*.
2.92
2.52
3.16 s/
2.71
3.20
2.90
2.96
3.09
3.11
2.99
2.99
2.95
2.81
2.83
2.77
3.21.
3.23
3.26
3.29
3.25
3.22
3.19
3.06
3.31.
3.1.0
2.61
Monthly aerlee
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Hot..
Dec..
Taxable Treasury beads,
due or callable - 1/
Moody's Aaa
corporate
bonde
2.57
2.58
2.58
2.60
2.61
2.62
2.65
2.61
2.6lt
2.67
2.67
2.67
2.66
2.66
2.78
-
araragee of dally aerlea
1951-Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Hot.
Dec.
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70
2.87
2.88
2.94
1952 -Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Hot.
Dec..
2.7U
2.71
2.70
2.6U 6/
2.57
2.61
2.61
2.70
2.71
2.98
2.93
2.96
2.93
2.93
2. 9*
2.95
.
.
1953 -Jan.
Feb.
Mar.
Taxable Creaauiy bonder
Moody's Aaa
due or callable - 1/
corporate
boode
20 yeare
FroB 10 to
2/
after
20 yeare kJ and
2.71*
2.71
2.75
2.80
2.83
2.89
2.911
2.88
2.8li
2.89
2.96
3-01
2.911
2.95
3.01
2.98
2.97
3.02
3.07
3.12
1953 -Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Hot.
.
Dec
19511-Jan.
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Hot. .
Dec..
1955-Jan.
Feb..
Mar..
Apr.
May..
June.
Taxable Treasury bonds,
Moody's Aaa
due or cedlable - 1/
corporate
bands
FroB 10 to
20 years
20 yeare hj and after 2/
2.67
2.58
2.50
3.01.
2.96
2.1.6
2.90
2.85
2.73
2.70
2.72
2.70
2.6e
2.60
2.50
2.61.
2.52
2-55
2.57
2.65
2.68
2.68
2.66
2.72
2.72
2.77
2.76
2.77
2.77 2/
2.92
2.92
2.92
2.91
2.91
2.1.5
2.52
2.53
2.ll5
3.28
3.21.
3-29
3.16
3.11
3.13
3.06
2.95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90
2.93
2.99
3.02
3.01
3.01.
3.05
Taxable Treasury bonds,
Moody's Aaa
due or callable - %/
corporate
bonds
ProH 10 to
20 years
20 yeare hj
and after
Treasury Bulletin
'^l^
.AVER/GE YIELDS OF LONG-TEtW BONDS.
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,
August 1955
^5
.INTEPNAL HEVENTXE COLLECTIONS.
Table 1.- Summary by Principal Sources
(in thousande of dollars)
Budget
receipts
from
Internal
Flecal year
or insntb
Adjustment of
collectlone
to l}ud^et
receipts 1/
Total
collections
reported by
Internal
Revenue
Service
Individual Incon^ tax and employment taxea
Corporation
Income and
profits
tales
19't7
39,379, tog
1948
1*1,853,
19l»9
40,307,285
39,448,607
51,106,095
+271,023
-11,057
-155,640
+491,475
+660,409
39,108,386
41,864,542
40,463,125
38,957,132
50,445,686
9,676,459
10,174,410
11,553,669
10,854,351
65,634,894
70,170,974 4/
70,299,652
+625,308
+484,439
+379,661
65,009,586
69,686,535
69,919,991
21,466,910
21,59 It, 515
21,546,322
1950
1951
,
1952
1953
195l»
W5
llt,387,569
Individual
Income tax
not withheld 2/
Old-age
Insurance
taxes
Ballroad
retirement
9,842,282
11,533,577
10,055,502
9,888,976
13,089,770
1,458,934
1,612,721
1,687,151
1,873,401
2,810,749
379,555
l85,87ff
560, U3
208,508
226,226
223,135
236,952
3,584,025
3,816,252
4,219,304
620, 62t
21,367,662
23,379,123
20,527,935
19,797,883
26,624,788
9,501,015
9,464,204
7,996,320
7,264,332
9,907,539
33,738,370
37,254,619
11,31*5,060
17,9=^9,047
11,403,942
10,736,578
21,132,275
22,076,329
37,921,311*
^
3,912
15,292
474
3,093,755
2,239,048
880,678
769,768
996,937
3,471,502
2,257,864
16,414
63,924
46,327
3,497,459
4,471,941
2,374,701
672,64a
1,098,542
3,705,232
19,717
79,170
30,903
167,208
19,795
4,498
14,898
532,261
1,528,001
5,115,735
299,9''5
1,103,91*0
3,173,096
252,145
93,008
1,429,465
1,252,385
3,320,589
1,696,174
October, ,.
November.,
December.,
2,699,7l'9
-335
+788
2,700,084
4,628,690
4,005,063
360,516
288,972
1,181,273
1,489,029
3,500,684
2,023,753
199,101
77,617
271,658
1955-January,,,
February.,
l»,35l',123
lt,35lt,0S8
3,283,303
4,629,478
4,004,978
-85
/
March
5,631,332
10,901,790
+35
-141
+86
10,901,704
354,629
274,500
6,812,452
April
»*W
4,770,699
5,787,520
+59
<e44
4,770,640
5,787,276
478,091
376,719
5,631,1*73
259,616
273,182
283,882
21,010
94,486
64,403
2,850,314
lt,633,375
628,969
605,221
1,265,005
3,313,289
1,687,218
-883
+615
-64
,
548,038
579,778
3,584
15,841
586
2,849,431
4,633,990
5,115,671
.
562,731*
76,043
46,871
1954-July
August
Septemher.
.
Unemployment
Insurance
Individual
Income tax
vlthheld a/
3,505,1*81
I*,
583, 312
5/
19,5885/
Treasury Bulletin
I^
-INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1940
'42
44
'46
:
)
,
Aaqust 1955
^7
.INTERNAL
EEVMUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(in t.houBfindB of dollars)
U
Plret
nontha of
flecal 7ear
Tiecol year
l^pe of tax
1953
Corporation income and profits taxes 1/
21,594,515
1951*
195'*
81,546,322
14,628,319
1955
12,063,318
Eleventh Boath of
fiscal year
195*
(May 195»)
358,94a
1955
(May 1955)
376,719
Individual inoome tax and employment taxes:
Income tax not withheld 2/
Income tax withheld and old-age Insurance:
Eeceived with returns
Undistributed depositary receipts k/
Railroad retirement:
Received with returns
Undistributed depositary receipts
Unemployment Insurance
11,603, 91*2
10,946,578
9,584,566
9,259,832
139,189
672,642
aU,7liS,526
26,085,633
25,939,570
211,747,087
4,559,319
5,081,091
-1,375,859
628,969
605,221
536,756
283,882
293,191
498,947
49,005
277,291
61,762
273, i8e
27,it29
45,977
33,193
14,896
37,254,619
37,921,314
36,354,064
34,149,815
4,787,699
4,471,941
Estate tax
78U,590
863,344
790,841
785,679
72,063
92,256
Gift tax
lj06,69l»
71,778
71,236
86,617
1,025
2,234
201t,79'»
230,566
1,643,064
24,951
4,152
74,527
212,363
1,507,026
23, uo
3,822
67,365
221,338
1,457,781
21,108
4,335
70,885
16,352
1,641,933
26,845
3,956
76,579
132,708
1,971
335
5,903
18,720
122,956
946
403
7,422
16,272
24
1,020
13,349
27,956
762,983
5,215
16,427
31
1,088
13,013
306
769,774
5,112
12,924
30
1,014
284
692,663
4,054
12,417
12
517
6,225
51
660,738
4,017
63,693
46
-17
2
72,826
74
2,780,925
2,783,0:2
2,536,578
2,459,424
222,478
223,570
46,277
49
7
1,586,775
3,821
17,244
717
1
19
45,576
42
5
,513,734
3,925
16,2U9
695
41,533
37
5
,372,620
3,579
1A,83S
606
40,974
49
5
1,360,255
3,575
14,753
693
12
2
3,647
5
*
3,861
8
«
125,029
348
1,361
79
137,637
345
1,425
71
^
-682,347
^
Total Individual income tax and employment taxea
Mlecellaneoue Internal revenue:
Excise taxes:
Alcohol taxea:
Distilled epirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers in distilled epirits; rectifiers;
of atllls (special taxes)
Stamps for distilled spirits Intended for
Caae stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers In mcilt liquors (special
manufacturers
export
in boni
taxes)
Total alcohol taxes
Tobacco taxes
Cigars (large)
Cigars ( small
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco ( chewing and smoking)
Cigarette papers end tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
U,923
2
382
1
76
1,000
11
243
-6
1,654,911
1,580,229
1,433,222
1,420,317
130,468
143,347
Documents, other instruments, and playing cards:
Bonds, issues and transfers of capital stock, deeds of
conveyance, etc
Playing card^q
Silver bullion sales or transfers
82,640
7,582
97
83,035
6,94l
24
77,322
6,481
21
95,844
6,207
59
10,405
471
1
8,376
549
taxes
90,319
90,000
83,824
102,110
10,876
8,926
73,321
890,679
180,047
210,032
785,716
177,924
113,390
36,684
68,441
835,610
152,079
149,914
867,482
135,248
97,415
35,390
91,524
802,118
152,075
149,797
867,175
134,915
97,062
35,390
63,877
862,811
162,924
131,991
1,047,112
134,427
47,514
17,373
16,855
188,510
36,503
35,389
231,992
29,976
25,915
10,338
11,307
134,844
45,335
33,393
367,710
31,042
14,655
3,943
159,383
7,617
11,048
135,535
8,445
9,191
135,096
8,073
9,216
128,443
7,763
10,271
29,175
1,915
2,006
24,274
l,4o8
2,059
87,424
8,950
50,259
29,401
15,845
12,148
983
11,938
75,059
9,373
48,992
25,196
12,766
10,266
975
10,885
74,977
9,111
48,874
25,183
12,701
10,262
976
10,883
34,981
5,867
55,243
15,027
13,135
11,561
935
8,119
24,002
2,664
4,003
3,079
1,054
176
1,723
11,580
1,789
14,009
2,757
1,713
1,661
107
992
2,862,788
2,688,262
2,675,409
2,759,372
657,205
704,578
Total documents , etc
.
,
Manufacturers* excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks axvl buses
Other automobiles end motorcycles
Farts and accessories for automobiles
Electric, gas, and oil appliances
Electric light bulbs and tubes
Radio sets, phonographs, television sets, components,
etc
Phonograph records
Musical instruments
Mechanical refrigerators, alr-conditionere, quickfreeze units , etc . . .
Matches
Business and store machines
Photographic apparatus
Sporting goods
Flreanas, shells, and cartridges
Pistols and revolvers
Mechanical pencils, pens, snd lighters
Total manufacturers* excise taxes
Footnotes at end of table.
(Continued on following page)
U,930
2
:
Treasury Bulletin
k&
.IHTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
-
(Continued)
(In thousands of dollars)
Firat 11 Booths of
fiscal year
Fiscal year
Eleventh nonth of
fiscal year
Type of tax
Mlacellanecms Internal roTenue
-
1955
I95I*
(May 1951*)
1955
(May 1955)
(Continued)
Ezclee taxes - (Continued)
Betallera* exclee taxes;
Fure
Jeveli7
38,801
209,271
26,266
6,789
5,361*
139,5U
31,201*
80,1*1*3
50,126
23,077
7,813
13,278
••9,532
95,750
39,036
209,256
79,891
Toilet preparations
U5,677
110,11*9
111,8U
70,271*
11,085
20,733
Total retailers ' excise taxes
l»96,009
l»38,332
1*1*0,326
286,178
69,811
78,130
'tl7,9W
357,933
28,378
73,881
71*, 1*1*0
17,715
13,207
1*12,508
359,'>73
.076
191,01*8
230,391*
18,U8
-11*, 31*1
30,106
29,779
1*0,91*5
7,333
5,371
287,lt08
21*6, IBO
2l*J*,601
"119,601*
396,519
9,318
271,952
38,312
31,978
3,227
11*, 616
399,630
9,278
271,997
189,980
383,922
26,390
7,060
39,210
81,093
31,831
2,833
13,606
1*1,053
12
9
660
16,262
7
18,927
22
721
16,695
9
33,520
8,781*
IiUggage
Miscellaneous taxes
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone service
Transportation of oil by pipe line
Transportation of poraons , etc
Transportation of property
Leases of safe-deposit boxes
Adjnlssions to theaters, concerts, etc
AdJUlealons to cabarets, roof gardens, etc
Club dues and Initiation fees
Bovllng alleys , pool tables , etc
Coin operated devices
Multerated and process or renovated butter, and
filled cheese
Narcotics, Including marihuana and special taxes.
Coconut and other vegetable oils proceaaed
National Firearms Act
Diesel oil 5/
Wagering taxes
All other, Including repealed taxes not shown
separately
Total miscellaneous taxes
Total exclee taxes:
Pecelved with returns and from sale of stamps....
Undistributed depositary receipts h/
Total miscellaneous Internal revenue
Total collections reported by Internal Revenue Service
Adjustment to budget receipts 6/
Budget receipts from internal revenue 2/
119,923
231*, 659
78,885
10,368
312,831
1*6,691
36,829
3,'»U
16,505
6
929
17,983
7
15,091
31*2
281* ,1165
37,81*1
l*a,695
81.,6e9
5,1*61.
1,533
91*7
103,368
37,811
1*5,608
18,3U
7,308
6,062
22
151
7,361*
9,691*
2,721
12,028
25
175
1
50
1
58
i*,oi*a
2,1*09
10,1*75
918
16,266
8
19,056
9,558
61*7
3,505
11*0
8,088
-20
1,086
2,061,161*
1,937,399
1,786,607
1,379,281*
251,7'*7
206,779
9,91*6,116
9,517,233
8,955,966
8,1*06,685
1,31*2,586
1,336,733
•
-1
13,1*01*
7,051*
377
691
It,
-113,672
687
-1*92,607
10,637,1*01
10,1*52,351*
9,818,01*3
9,165,309
1,1*15,671*
938,616
69,686,535
69,919,991
60,800,1*1*7
55,378,W*a
6,562,315
5,787,276
+1*81*, 1*39
+379,661
-1,368,703
+320
-1,739,559
-121*1*
70,170,971*
70,299,652
59,1*31,71*1*
55,378,762
l»,a22,756
5,787,520
Source: Internal Eeveniie Sel^'ce rFforts for detail of collections by type
of tax; Dally Treasury Stutemerit for budget receipts from Internal
revenue through the flsotO. yeav 1952, and the new "Monthly Statement of
Receipts and Expendltm-es of the United States Government" for receipts
thereafter. Certain detail Dy type of tax la available only on the
baale of returns filed with the Internal Revenue Service. The figures
ahovn Include collections for credit to special accounts for certain
island possessions, as reported by the Internal Revenue Service.
1/ Includes excess profits taxes on Army and Navy contracts Imposed by the
Vinson Act as amended (31* U.S.C. 1*96), and income tax on business Income
of exempt organizations Ijnposed by the Revenue Act of 1951, approved
October 20, 1951.
2/ Includes old-age Insurance tax on self -employment Income, Imposed by the
Social Security Act Amendments of 1950 (Public Law 73**), approved
August 28, 1950. The tax is levied and collected as part of the individual Income tax beginning with the taxable year 1951. For estimated
fiscal year brealniown, see Table 1.
Beginning JanuAi^^ 1951, withheld Inr""" tax and social security employment taxea on employers and employees are paid into the Treasury in
^
1951*
1951*
1953
y
ij
combined antounte, pursuant to the Social Security Act Amendmente of
1950. For eatinated flecal year "breakdown, see Table 1.
Under revised accounting procedures effective July 1, 195^, tax
payments made to banks under the depositary receipts system are
Included In Internal Revenue Service reports of collections In the
month in which the depositary receipts are Issued Instead of the
month in which tax returns supported by the depositary receipts
are received In Internal revenue offices, as was the previous
practice. The "Undistributed depositary receipts" Included in the
collections represent the amount of depositary receipts issued during
the period less the amount received with returns. In the case of
excise taxes, it is not possible to classify the depositary receipts
by type of tax until the returns are received.
Accordingly, the
amount of such undistributed depositary receipts is included only in
the total of excise taxes.
Applies to dlesel oil used In highway vehicles.
See Table 1, footnote 1.
New reporting basis; for explanation, see footnote on page 1.
Lees than $^00.
,
. .
,
.
.
49
August 1955
.MONETABY STATISTICS
Table 1.- Money In Circulation
(In mlllione of dollars except as noted)
Paper money
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
GoU
certificates
2/
81
21*
,605
221
200
77
31*
318
318
320
319
36
2,100
316
35
35
35
2,122
2,137
2,160
316
319
319
2,169
2,172
28,675
35
35
35
27,981
28,007
27,978
35
35
35
2,055
2,083
2,125
27,938
28,166
28,372
35
2,131*
35
2, 160
31*
2,170
1955
28,359
28,127
28,372
38
37
3953-I)ecamb6r.
30,781
28,968
195't-July
29,892
29,929
29,985
28,099
28,129
30,07"*
28,255
30,500
30,509
28,661*
Pebrufll7.,
Maixjb
29,789
29,817
29,800
April
May
June ......
29,769
30,009
30,229
October. ..
November .
December.
1955*January.
.
Enl of fiscal
year or month
28,17'*
Total
coin
1*5
1*3
39
35
2,11*3
T3
70
67
26,253
190
72
25,377
25,390
25,1*13
179
177
175
70
69
69
320
319
311
25,1*87
171*
25,895
173
69
69
25,91*5
171
68
303
312
25,350
25,339
25,269
169
169
68
68
68
25,220
165
25,1*19
16I1
25,618
163
Minor
coin
191*7
1,355
156
876
919
331
1,1*21
191*9
1,1*59
1,1*96
161*
91*0
1,578
170
180
965
1,020
355
361
378
191
202
212
223
1,093
1,150
1,165
1,202
393
1955
1,678
1,766
1,795
1,658
1953 -December..
1,812
210
1,179
1951* -July
1,793
1,801
1,811
213
215
1,161
1,165
1,172
1,819
1,836
1,831*
216
216
218
1,179
1,191
1,186
1,808
1,810
1,822
218
219
219
1,165
1,168
1,177
1,831
221
221
223
1952
1953
,
1951*
,
August ...
September.
October.
November.
December.
1955 -January...
February
March
April....
May
June
1,81*3
1,858
11*8
211*
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 Bants and agents, and coin estljuated to be
held outside the continental limits of the United States. Includes
paper currency held outside the continental limits of the United States
2/ Gold certificates were withdravn from circulation In 1933.
1,183
1,192
1,202
i/
kj
^
r
309
163
313
Subsidiary
a liver
353
180
316
320
319
Standard
ellTer
dollars
25,609
25,385
25,618
191*8
1950
1951
106
99
li06
2,088
2,122
2,135
2,170
27,31*8
August .
September.
y
93
86
29,026
30,125
29,922
30,229
1953
National
bank
notes
271*
1*1
195''
Federal
Ke serve
Bank
notes
21*3
25,661
26,231
1952
Federal
Reserve
notes
23,1*56
27,156
27,809
1950
1951
States
notes
23,999
23,600
23,209
22,760
27, '193
19't9
Iftiited
320
321
319
'ai
318
1.8
28,297
27,903
Treasury
notes
of 1890
2,061
2,061
2,061
2,177
2,092
26,91*2
26,1*82
26,031*
igW
191*7
Silver
certificates
3I16
1*13
167
67
67
67
Money In
circulation
per capita
(in dollars) 5/
196.33
190.31
18U.33
179.03
180.17
18U.90
188.72
1*19
l81*.2l*
1*33
182.93
ItSlt
191.06
1*19
1*21
1*23
1*21*
1*28
1*29
1)25
183.76
183.68
183.72
183.98
186.32
186.11
I81.U7
1*21*
181.1*1
1|S6
181.05
1*28
180.61*
1*30
181.85
182.93
1*33
r
Treasury notes of I89O in circulation are being canceled and retired
upon receipt by the Treasury.
Federal Reserve Bank notes and national bank notes are covered by
deposits of lawful money and are in process of retirement.
Based on latest population estimates by the Bureau of the Census,
Revl sad
,
Treasury Bulletin
50
.MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In mJllions}
End of fiscal
year or month
August 1955
51
.MOKETABY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In mllllona of dollare)
.
Treasury Bulletin
52
.MONETARY STATISTICS
Table 5.- Seigniorage on Silver
(Cumulative from Januar? 1, 1935
-
In mllllonfl of dollars)
Xugust 1955
53
.KXCEANGE STABIUZATION FUND.
Table 1.- Balance Sheets as of June 30, 1954, and March 31, 1955
Treasury Bulletin
5^
.
EXCHAMOE STABILIZATION FUHD-
Table 2.- Income and Expense
Classification
Janoax? 31, 193't, through
June 30, 19ik
jaauaT7 31, 1934, through
Maroh 31, 1955
Income:
Profits on British sterling transections
Profits on Franch franc transactions
310,638.09
300,638.09
351,527.60
351,527.60
Profits on gold buUlon (Including profits from handling charges on gold).
58,276,1117.51
59,022,833.86
Profits on other gold and exchange transactions
1*9,778,488.75
49,941,545.26
Profits on BllTer transactions
102,735.27
102,735.27
Profits on sale of silver bullion to Treasury (nationalised}
3,lt73,362.29
3,473,362.29
Profits on InTestnents
1,876,790.55
1,876,790.55
Interest od Investanents
9,238,299.65
9,707,963.00
Miscellaneous profits
861,5116.95
861,546.95
Interest earned on foreign balances
2,849,683. 19
2,849,683.19
Interest earned on Chinese yuan
1,975,317.07
1,975,317.07
129,094,806.92
130,473.943.13
Total Inccma
ense:
11,383,868.30
12,298,444.84
Trarel
553,585.51
593,299.39
Transportation of things
713,1463.80
718,659.15
Ccnonunlcatlons ..................•....•...•.....•.*......•...•..........
593,059.36
604,700.98
Supplies and materials
113,196.88
117,544.55
1,522,666.77
1,603,447.95
14,879,860.62
15,936,096.86
U4,214,946.30
U4,537,846.27
Fereonal serrlcee
Other
Total expense
net Inccne
Aucjust 1955
55
.CAPITAL MOVEMENTS.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
Executive Order IOO33 of February g, iglt-g, and
pages ^^-^7. As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly conparable to those now presented.
19314-,
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and is published regularly
in the "Treasury Bulletin." Supplementary information Is
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and industrial
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions in long-term
securities by foreigners, and present detailed breakdowns
of the latest available prelLiilnary data.
and commercial concerns in the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April 195't,
data reported by banks in the Territories and possessions
of the United States are included in the published data.
Section IV provides supplementary data In five
tables which appear at less frequent Intervals.
Table 1,
short-term foreign liabilities and claims reported by
nonflnanoial concerns, is published quarterly in the
January, April, July, and October issues of the Bulletin.
The term "foreigner"
as used in these reports covers
all Institutions and Individuals domiciled outside the
United States and its Territories and possessions,
the
official institutions of foreign countries, wherever
such institutions may be located, and International
organizations.
"Short-tern" refers to original maturities
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 "TreaavuTr Bulletin
"
Table
2,
long-term foreign liabilities and claims reported
by banks and bankers,
and Table 3> estimated gold and
short-term dollar resources of foreign countries, are
published quarterly In the March, June, September, and
December issues. Table h, foreign credit and debit
balances in brokerage accounts, appears semiannually In
the March and September issues.
Table 5. short-term
liabilities to foreigners in countries and areas not
regularly reported separately by banking institutions,
is presented annually in the April issue.
Section I - Sununary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Calendar year or month
Net
capital
movement
Changes In llahllltles to foreigners
Short-term
banking
funds
..
,
.
.
Treasury Bulletin
56
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in tmlHooa of doLlare)
Short-term liabilities to foreigners
Short-term claims on foreigners
Payable In dollars
End of calendar year
or month
Foreign
official
Other
foreign
Payable In dollars
Payable In
foreign
currencies
International
Loans to
foreign banks
U,205,
2,2lA.ll
1,91*7.1
W^B
5,37't
19W»
Wits
5,596
6,863
3,320.3
3,335.2
19lt6
6,1^
2,036.7
2,239.9
2,678.2
2,922.0
1*73.7
1*0.6
708.3
19't7
7,U6,
1,832.1
2,836.3
2,908.1
3,620.3
2,972.7
2,262.0
91*8.9
2,9117.0
1,86U.3
1,657.8
1,527.8
1*9.7
70.lt
3,5117.6
l*,0l*1.2
l*,65l».2
5,666.9
6,77U.O
,21*5 .6
l*,308.l*
igltS
igW
't,179.3
3,Ol»3.9
7,718,
7,618,
8,61A,
9,302.
191*9
1950
1951
1952
1953
1954
10,5116, ,1
1954 -July
August...
September
12,te7. 5
12,l»37. 6
11,61(8, k
12,922
r
490.6
557.1
292.9
361.2
222.7
151.1
177.2
699.4
122.9
156.5
206.5 r
847.5
646.5
966.6
178.3
178.7
187.1
811.2
801.5
825.9
l,6lil.l
72.2
1*
l,58l*.9
6l.lt
'*,335.U r
1,629.U
1,769.9
1*3.7
1*3.2
1,656.5
1,751.0
1,801.9
1*5.9
1,109.6
1,108.6
1*7.3
1,187.1*
1,773.9
1,792.8
1,769.9
1*2.9
1*1.7
1*3.2
1,290.6
1,315.5
1,381* .2
194.9
219.6
206.5 P
931.5
928.1
966.6
1,752.2
1,793.5 P
1,821.3
1*5.2
5l*.9
1*6.1
1,378.1
1,366.2
1,361.1
219.0 r
203.1 r
192.8
960.6
989.8
997.7
1,820.7
1,881.9
1*0.3
1,374.3
38.9
1,1*13.8
230.0
271.6
989.7
984.6
l*,285.3
12,532. 5
12,526
6,ltOl>.2
1*,353.5
l*,36l*.l
l*,305.1
l*,36o.8
6,77li.O
l*,335.l*
February.
March.. ..
12,852, .8 r
12,718. ,1. r
12,736. 6
6,71*9.5
6,51*0.3 r
l*,305.9 r
l*,329.7 r
6,508.1
1*,
361.1
April p..
May p....
12,888.
13,065.
6,609.8 P
6,701.1
1*,
1*18.0 r
.
143.7
137.2
169.7
245.0
290.5
968. It
6,379.3
1955-Jai»uflry
72.0
86.lt
105.4
100.3
319.6
.9
3,1*51.7
6,438.6
6,287.3
6,319.2
,1
257.9
329.7
392.8
1,018.7
827.9
898.0
3,001.0
12, 57!*, ,6
12,922 5 r
October..
Norenber.
December
p
.5
21*6.7
13.9
17.9
21.6
25.5
Other
r
It, 1*1*3. It
r
Pre11m1niiT7.
51.0
1*1*
l,0li8.7
90lt.5
1,384.2
I17.O
1*94.3
506.3
Bevlsed
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
U. S. Government bonds
Calendar year
or month
Purchases
1935-1*1
1942
,
191*3
,
1944
,
191*5,
,
396.3 2/
164.2
241.3
513.6
377.7
Sales
492.4 2/
138.5
170.6
268.2
393.4
Bonds 2/
Net
purchases
21*5.3
-15.7
-269.7
61.5
-47.9
96.4
1950
684.2
283.3
330.3
333.6
29U.3
1951
1952
1953
1954
673.6
533.7
646.0
800.9
,356.6
231.4
728.0
-683.0
302.3
-82.0
8.2
1954-July
August...
September
33.4
86.9
38.6
24.3
33.9
39.2
9.1
53.0
October.
November.
December.
48.0
115.1
101.3
25.9
101.8
261.3
22.1
19 55 -January..
February.
March,, .
120.8
352.3
April p.
May p....
,
191*9
1/
g/
2/
Het
purchases
-95.7 2/
25.7
70.7
414.5
344.S
282.4
430.0
1,236.4
1946
1947
1948
Corporate and other
and notes 1/
91*2.1
2/
H
H
2/
H
Net
purchases
Sales
430.2 2/
96.4
151.6
136.9
260.2
841.6
75.5
194.6
171.4
357.7
367.6
226.1
369.7
354.1
666.9
432.1
376.7
4U..4 2/
Total
purchases
Total
sales
-97.1*
9,322.1
260.6
392.9
650.4
637.9
8,695.3
214.0
365.2
439.7
751.0
782.1
570.9
652.2
784.1
2,011.1
1,U6.3
375.3
664.0
-64.5
-150.6
-144.3
-21.2
2.9
619.5
649.2
533.9
980.2
120.3
1.0
55.2
135.0
1,533.3
1,384.0
1,447.9
2,205.7
1,069.0
1,459.4
2,056.4
166.6
197.5
142.4
124.9
142.5
125.8
511*.l
,
20.9
-43.0
-34.6
659.9
844.4
708.9
1,066.6
107
108.3
120.0
200.1
212.8
289.7
141.6
188.5
197.4
283.6
-21.6
6.1
739.8
650.2
589.1
1,115.1
36.2
18.9
22.3
17.9
17.2
2.1
2.2
97.0
86.1
83.7
81.6
86.2
15.4
24.5
20.1
68.7
15.0
13.3
-160.0
23.9
27.9
35.5
20.3
26.9
36.4
3.6
-1.0
-2.6
93.2
141.0
161.9
91.1
101.3
142.2
39.7
19.7
165.1
284.0
298.7
232.0
441.8
39.7
136.3
11.2
30.9
25.3
39.6
33.3
33.7
30.0
-2.4
-8.4
83.3
81.1
216.0
72.1
9.6
146.1
134.2
144.9
115.4
127.5
132.9
30.7
6.7
12.0
297.8
511.8
267.9
229.8
377.2
235.1
48.4
246.2
48.8
151.4
-.4
94.8
17.8
28.3
18.0
21.1
-.2
7.2
118.6
119.0
113.6
111.5
5.0
7.5
184.8
393.5
160.4
284.0
792.7
-.6
Through I949, includes transactions in corporate bonds.
Through 1949, included vlth transactions in V. S. Oovenment bonds ani
notes.
January 4, 1940, through December 31, 1941; the breakdown between otocks
n.7
15.3
*
p
2.1
and bonds Is not available for earllep years.
Less than ^50,000.
Preliminary.
2,U7.6
137.3
August i95i
57
.CAPITAL MOTEMEHTS.
Section I - Summary by Periods
Table 4.- Purchasee and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollare; negative figures indicate a net outflow of capital from the United States)
Calendar year
or month
53
August
59
i95'y
CAPITAL MOVOffiNTS.
Section II - Summary by Countries
2.Short-Term Banking Claims on Foreigners
Table
(Position at end of pcrlol In lllloa* of dollars)
1/
•
Hot reported separately prior to Hareh
Less than $50,000.
195''.
FrellslnarT.
Treasury Bulletin
60
.CAPITAL MOVEMENTS.
Section II - Summary by CountrleB
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
{Jn thousands of dollara; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
:
.
.
August 1955
61
.CAPITAL M0VH4ENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thoueandB of
doUara; negative flgurea Indicate net salea by foreigners or
Calendar year
1954
Country
1950
1951
1952
a net outflow of capital from the United Statae)
1953
1955
1954
January
Fabmaiy
-3
-5
6,260
-24,631
17
159
April p
Europe
Austria
Belgium
Czechoslovakia.
Denmark;
77
2,167
21
3,228
5U9
-303
-25
5,256
Finland
169
-1,281
Trence
Geraanj, Federal Republic of..
Greece
Italy
Netherlands
Sweden
Switzerland. ,.
Turkey
U. S. S. K
tfalted Kingdom.
.
Yugoslavia
Other Europe.
Canada
,
-1,685
3,056
7,214
-U
156
79
6
-'*,133
4,904
5,395
13
-506
40
-U,721
26
1,167
2,773
-162
50
3,143
-6,091
-4,670
1, 280
1,351
3,991
-84,841
18
142
-5,755
3,255
3,312
10,337
-8
-945
-1,293
-3,tel
871
9,209
1,345
-364
-318
67
4,706
2,048
-6
26
-599
17,183
50
961
-163
-42
8,734
33,620
1,658
'»7
6
282
37,304
-18
-487
ll»,2U5
-197
5
-6
-6,128
-2,0U7
-4,398
37,051
-135
502
-19
806
-2
-1
752
Wo
28,500
-189,968
597
50
7,511
2,660
1,916
13,
-1
1,000
2,410
336
42
1,196
4
-634
1,052
619
583
2
-34
-2
10
.
Total Europe...,
25,574
1,179
1,995
1,489
-i*31
-585
406
5
856
-2,253
-1,497
174
5
85
-7,684
89
-7,195
2,328
279
-65
545
-1,136
-29
77
-57
-5
-90
-U
-43
6
-20
748
-33
-25
-142
2,927
2,085
-14
64
2,454
6
-13
-W
-9,463
-2,877
495
-371
-1,600
-657
1,131
121
2,807
-463
132
-72
273
-135
19,939
96,259
-9,119
-3,445
-22,745
-8,405
-3,734
7,551
-258,567
-141,019
-137,761
-133,174
4,653
-14,604
34,599
6,278
6,775
-U20
116
78
6,984
2,163
1,714
501
-292
-330
35
-6
-1,781
54
-33
77
5,540
51
29
309
-35
7,189
1,562
1,245
3
1,760
1
47
-506
199
-204
189
8
274
168
5,239
48
168
4,296
1,115
3,089
-1,007
127
5,354
515
2U
265
89
761
150
-351
6,031
435
16
-1,063
170
429
5,065
340
2,137
1,633
496
6,299
1,322
129
2,753
-430
117
12,179
-26
-29
1*96
Norway
Poland
Portugal
Pumanla
Spain
12,004
247
291
98
3,818
3,511
-28
5,309
58
1,170
-8,702
-43
-17
286
-73
ao7
-44
-9
62
2
Latin America:
Argentina.
Bolivia...
Brazil....
Chile
Colombia.
Cuba
Dominican Republic
Guatemala
Meilco
Netherlands W. Indies & Surinam.
7,051*
5,388
5,239
12,365
1,281
236
66
3,964
73
25
1,850
-21U
731*
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
-107
556
^:!??
1,730
1,306
-1,209
2,210
1,714
1,804
296
441
-50
775
145
Total Latin America.
29,838
33,816
25,332
34,599
353
729
750
309
-323
5,311
-1
5
197
-105
254
1,647
-33
503
312
57
-105
13
367
1
37
80
632
-129
159
638
185
-545
9
-1,400
-88
964
716
-64
42
-24
139
-314
-209
-54
-45
276
105
-2,077
757
32,760
-1,392
3,584
2,029
-1,948
22
220
2,159
17
-3
15
1
-7
-2
1,041
21
68
-184
139
3
1
42
-1
-32
4
27
7
5
9
-5,127
659
-4,159
105
-62
111
-676
-19
IB
-4
-212
Asia:
China Mainland
Formoea
Hong Kong
India
261
339
535
1,168
8,681
-35
10
102
2
1,492
109
4,869
1
Indcnea la
Iran
Israel
Japan
Korea, Republic of.
Phlllpplnea
15
27
-51,3'<6
12
-46,757
9,782
2,358
140
136
25
-38,172
4,038
-14
-39,992
6,232
-1/
130
-3,826
46
-1
-2,062
310
-13
-351
281
-133
-18
105
-46
-3
4,320
1,272
434
501
-2,387
-211
-1,309
44
-183
7
777
41
1/
-45
F
14,32'
3
Thailand
Other Asia
Ji9
6,484
104
Total Asia
972
-36,003
-10,042
-29,905
-34,149
-3,346
-5,291
-3,687
-923
10,858
11
3,054
2,519
25,959
11,042
-10,090
9,202
25
-2
222
624
4,013
-403
-5,413
-11
16
-5,107
4,956
60
-5,647
1,722
1,054
2
-16
-2,599
482
2
-73
236
-203
214
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan,.
Union of South Africa
All other
Total other countries.
International
Grand total
1/
-7,083
185
9,280
3
93
-68
-5
-3
43
-34
-63
7,938
5,981
25,813
7,180
-9,829
9,203
-1,762
635
-3,567
•152,673
-U8,067
-61,236
-163,886
-2,625
-2,553
10,934
253
-11*5,387
-376,989
-217,876
-72,231
-300,388
-15,984
-32,406
33,708
561
3,
Not reported separately prior to March 1954.
p
Prellmlnal?.
9,839
.
Treasury Bulletin
62
.CAPITAL MOVEMENTS
Section
HI-
Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of June 30, 1955
(Foeltlon In tbonaanda of dollora)
.
.
.
August
195'}
63
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of May 31, 1055
(Poaltion in thoosaodB of dollars)
Short-taim olalas payable in foreign
currenoies
Short-tarm clalas pajaUa In dollars
Country
Total
ehort-t«is
Collactlons
outstanding
for own
account and
dOBWBtiC
custcnara
Forel^
banks and
official
Institutions
ClaljDB
Dspoalta of
reporting
>Mi"fc''' and
dooestlc
custoosrs vith
foreigners
Europe:
Austria
BelgiuB
CzechoaloTakla.
Danoark
Finland
Prance
Genaany, Federal Bepubllc of.
Greece
Italy
Hether lands
orvay
Poland
Portugal
BuLLonia ......................
Spain
Sweden
Switzerland....
Turkey
U.S.SJ!
United Klngdon.
TugoelaTla
Other Europe
597
17,926
7
7,225
597
17,201
241
1,788
7,131
2,383
71
as.isit
9.509
78,336
1,829
12,466
l.,l.59
l(,l(59
27,617
111,631
27,264
12,996
9,481
1,057
2,542
2,367
145
2,38lt
11,198
719
263
4,622
7
594
324
93
10,072
725
679
5,821
1,637
94
1
94
1
2,040
57,548
1,669
3,618
742
3,811
53
3,126
7,210
3,433
3,469
8,210
11,291
3,676
353
1,635
311
1.558
915
115
641
1,303
175
175
]£3
100
40
36
7
645
388
2,514
1,112
1,026
3,023
U5
U5
982
2
9kz
2
i»,2ei.
3,1(00
1,283
131
121
1,865
884
664
U,122
20,083
228
5
4,365
64,504
7,619
3
2,135
2,237
1,756
1,415
1,744
67,l»55
3,783
15,965
66,263
339
4,116
1.192
332
4,075
1,192
90,0li6
24,015
5,609
2,570
6,219
7,617
66.031
41,814
U,266
4 ,264
2,144
99'(
22,079
78
2
2
2
14
619
341
46,464
106,236
81,715
56,047
66,677
65,195
71
.
.
't.325
3,706
4,193
554
Total £tnx>pe .
.
366,lt20
284,705
107,986
107,627
38,750
•,777
19,776
5,366
8,631
5,71"*
3,'t6l
5,680
3,461
190,137
11,408
119,776
1,324
521
96,380
3,184
24,3eB
1,028
264
16,148
1,126
11,372
3,326
2,501
22,646
3,776
44,316
175
54,963
3,320
39,706
60,465
5,835
4,558
121,357
1,631
35,628
3,175
619
40,693
98
10,040
502
203
15,919
204
11,187
2,004
3,513
12,856
1,329
3,610
154
223
51,889
2
2,113
54
2,873
12,952
1,444
18,148
1,014
245
1,146
25,729
5,189
1,766
9,289
3,020
1,034
31,309
19,168
513
3,245
1,492
1,387
12,670
1,124
Latin Aaerloa:
Argentina
Bolivia...
Brazil
ChUe
Coloabia.
Caba
Dooinlcen Bepublic
Guatemala
Mexico
HetherlandB Vest Indies & Surinam.
190,203
11,1(08
119,780
60,817
5,836
122,l61t
1,631
Panaoa, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin Aaarioa
20,ll29
27,050
20,429
15,661
4,811
6,440
8e,66o
26,925
Total Latin Aaerloa
68lt,l>35
681,234
285,442
106,279
173, 0»8
2,1(75
2,475
5,549
77
1,068
1
1,040
1
17
1
15,789
It
,811
6,679
8lt,a05
34
34
66
61
352
1
296
807
563
128
115
239
1.445
125
239
174,471
3,201
1,910
59
101
423
101
417
1
542
57
Aaiai
China Mainland ....................
Formosa
Bong Eong
Inila
Indonesia
Iran
Israel
Japan
3,935
296
19,109
7,971
87,592
Korea, Kepuhlic of.
Fhlllppinaa
17,ae6
2,475
5,552
4,417
3,512
296
19,096
7,951
87.589
640
17.787
Thailand
Other Asia
17,21(7
1(6,973
17,247
46,642
21U,13'(
11,306
5,063
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
Total other countries.
1,5^3
3,105
1,'»35
47,5U
9,750
12,033
269
2
3,300
2,364
278
17,456
597
21,244
605
5,465
16,041
20,728
16,498
1,206
8,930
213,204
U0,l47
29,092
61,467
807
4,078
12
1(,595
7,861
15,075
9,440
5,057
1,767
7,361
14,747
7,17'(
1(1,11(5
36,372
9,965
1,1(13.761
1,256,265
456,257
5,552
1«,518
61(0
1,81(0
97
13
2,814
9,084
35
20
3
39
31
486
331
12,478
930
331
664
1,866
633
6
73
1,744
4,099
(,691
4,534
430
389
1,887
936
500
326
6
73
260
211
1,765
18,504
6,136
2,773
1,183
180,991
306,663
310,154
157,496
125,219
641
597
1,375
Intematlcnal.
Grand total.
.
.. .
.
)
Treasury Bulletin
e^
.CAPITAL MOVIMEHTS.
Section III
Preliminary Details by Countries
-
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during May 1055
(
In tboufiaod^ of dollars
Purcbaaee by foreigners
Domestic securities
Coimtr7
U.S.
Total
ptirchaees GoTeroneat
Sales hy foreigners
Corporate and
other
,938
2,067
21
2,118
1,105
2
W»3
37
France
Genwny, Federal Republic of.
Greece
Italy
Netherlands
6,135
3,925
609
561
27,280
33
1,907
236
15,050
76
338
5,017
22
1,95*
Norway
Poland
Portugal
Rumania
Spain
23,529
22,167
186
715
364
97
23
108
13
7
It
GoTemnent
1
3,226
1,659
50
10,277
99
502
2
24
495
265
3,851
172
1,877
1,843
47
7,379
379
60
9,852
12,852
688
C z echosloTaJcia
Demaark
Finland
3
4,474
1,887
23
1,711
24
915
5
5
9"t
604
iMt
6
Sveden
Svltxerland ....
Turkey
U.S.S.E
Iblted Kingdom.
Foreign securities
Corporate and
other
bonds and
notes
29
ll»,008
U.S.
Total
sales
bonds and
notes
Europe:
Austria
Belgium
Domestic securities
Foreign securities
Wt
5
19
4,921
10
9,050
220
198
23
17
285
4,402
101
50
407
5,983
564
322
64
95
1,319
1,842
13
135
494
24
160
16
10
735
73
1
5
U2
8
352
36
44S
374
528
1|23
67
6,395
311,873
26
3,847
12
3,172
1,569
48,958
25
636
1,193
28
1,920
205
39,771
9
700
2,652
16
3,211
31,592
1,686
3,210
14,176
3,324
't9,133
8i>6
26
65,207
32,072
1
20
5
1,686
26,383
1,855
Yugoslavia
Other Europe
,
.
2,63't
997
118
1,353
86
60
2,204
51
97
127
Total Europe
.
,
195,303
78,l»53
11,578
76,039
111,083
15,150
128,064
18,101
8,196
10,387
171,591
87,712
ll»,lt53
18,837
17,777
32,812
80,773
9,746
12,055
520
39
1,715
35
64
4
It72
10
62
3
Latin Anerloa:
Argentina.
BollTla...
SrazU
Chile
Colombia
.
Cuba
Doalnlcan Republic
Guatemala
Mexico
Netherlands W. Indies & Surinam
258
1,081*
111
340
U7
199
7
1,317
582
71
19
2
45
98
23
3,659
13
70
616
2,597
133
293
2
3,'t6ii
33
33
10
2,463
16
48
2,389
324
11
57
91
1,830
259
293
1
10
1,274
63
675
"1,596
216
1,240
19
5
5
13
481
207
142
156
41
5,508
231
40
2,607
1,970
684
3,401
2,226
20,283
34
12
".W
58
1,035
741
1,697
1.9
Panama, Republlo of
Peru
El Salrador
Uruguay
Venezuela
Other Latin America
6,877
218
20
3,091
2,871
150
2,8lt7
1,860
82
181
15
2,393
2,629
657
Total Latin America
27,102
2,106
1,713
17,656
75
It
&
1
16
22,5911
5,1*17
287
58
884
611
173
168
303
U6
20
124
2,096
16
24
1,754
149
56
5
2U
3,1*72
16
241
1
47
18
457
10
19
,515
145
182
20
74
15
23
194
38
2,049
1,851
583
780
l'i,239
2,403
38
10
1,495
29
5
2
186
47
22
Aala:
China Mainland.
Foraosa
Bong Kong
India
Indonesia
Iran
Israel
38
76
318
38
66
2,350
67
251
'•5
28
7
2
62
39
1,562
40
44
81
96
3
2,565
391
133
148
19
2, 1*91
107
1
13
Japan
299
Korea, Republic of.
Philippines
197
Thailand
Other Asia
20
381
3,879
10
1
13
113
1_
221
108
250
1
12
122
2,967
387
145
5
5
39
35
41
13
8
350
2,554
20
28
3
3
1,326
876
447
182
6,160
879
2,425
3,752
35
4
15
48
31
6
9
45
2,673
65
2,764
138
111,469
24,502
2,6as
Other countries:
Aus*r2Llla
3,9119
'•3
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
9
121
5,te6
3,300
5
197
121
202
2,957
5,074
18
146
128
6
19
220
2,970
12,805
206
3.328
5,237
4,030
3,250
Total other countries.
International
Grand total.
It
78,785
77,700
2Mt
lltl
700
't89,'>65
2l>6,196
28,316
118,968
'tl.585
54,400
125,731
122,248
3
364,281
151,431
21,116
123
13
3,475
August 1955
65
.CUMULAl'IVi:
TABLE OF
COIfi'ilJ^'i'a.
September 1954 through August 1655
66
Treasury Bulletin
.CUMULATIVE TABLE OF CORTEKTS.
September 1054 through August 1955
-
(Continued)
Issue and page number
195^
Sept,
1955
Oct.
Jan.
Feb.
Mar.
Apr.
Hay
June
July
26
28
3't
28
31*
29
35
30
36
Aug.
OwnerBhlp of Federal seourltlee:
DlstrlbutlcBi by clossea of Investors and typos of Issues..
Net market purchaaee or nalea for Iznrealzient aooounts handled by
the Treasury
Eatjjnated ovnershlp
26
26
27
26
26
27
28
32
26
32
33
26
27
31*
28
26
27
Treasury survey of owner ship of Federal seourltlee:
Ownership by banks. Insurance ccmpenies, and others
Ownership by comoerclal banks classified by membership In Federal
Beserve System (latest date December 31, 195U)
28
29
28
28
28
29
28
32
Market quotations;
End-of -month closing quotations en Treasury securities by Issues..
Chart - Tlelde of Treaauiy securities
32
38
3"*
36
38
ko
ks
kl
kk
Average yields of long- term bonds:
Average yields of Treasury and corporate oonds by periods
Chart - Average yields of Treasury and corporate bonds
36
37
35
36
kl
39
lis
l>0
kk
It2
Its
k3
Internal revenue collections:
Summary by principal sources
,.,.....,.
Chart - Internal revenue collectlone by principal sources
Detail of collections by type of tax
38
39
ko
,
37
38
39
kl
k3
k6
kl
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Cdopanents of silver monetary stock,
,
Seigniorage on allrer
Increment from reduction in weight of gold dollar (latest date
June 30, 1955)
Exchange Stabilizatio n Fund (latest date March
Balance sheet
.,,,
Income and expense..,..,....,,.,.,
[,
"•3
]
''3
]]
"•5
k9
50
50
51
52
't5
52
31, 1955):
,.,,,.,,,.,...
,
k^
k6
k6
kl
kS
,
It6
,,,,,,
53
5^
'•7
National bank reports:
Earnings, expensss, and dividends for calendar years 1953 and 195U.
1*5
Capital movementa between the United St ates and foreign
countries:
Summaiy by periods since 1935
,
Summary by countries and periods.
Short-term banking liabilities to foreigners, latest month..!!!!!!!
Short-term banking claims on forelgi»rs, latest mouth
Purchases and sales of long-term securities by foreigners,
lateat month
Short-term liabilities and claims reported by nonfinancial concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and International instltutionB
Foreign credit and debit balances In brokerage accounts
Short-term llabllltiee, countries and areas not regularly reported.
''9
50
51
55
56
52
56
57
57
55
58
62
63
58
6k
'59
60
61
Corporations and certain other business-type activities:
Balance sheets and loana by type (lateat date March 31,
1955)
Income and expense (lateat date December 31, 195li)
Source and application of funds (latest date December 31, I95U)..!!
56
56
57
58
58
66
GPO 35436i
t^ODZ,
Treas.
HJ
10
.A2
1955
C.2
U.S. Treasury Dept.
Treasury Bulletin
iii
I.
!l
U S
THEASURV LIBRARY
1
0031988
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